The Northern Miner June 10 2019 Issue 12 by The Northern Miner Group

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Success starts with orebody quality, Barrick’s Mark Bristow says INTERVIEW

| Canada risks becoming ‘irrelevant’ due to ‘promotion and short-termism’

IRON ORE

| Secures 100% of Bloom Lake ahead of tabling expansion study

BY TRISH SAYWELL tsaywell@northernminer.com LONDON, UNITED KINGDOM

ark Bristow, officially installed as president and CEO of Barrick Gold (TSX: ABX; NYSE: GOLD) on New Year’s Day, sat down with The Northern Miner for a fireside chat at The Northern Miner’s Canadian Mining Symposium at Canada House in London, U.K., on May 22, 2019, to talk about his vision for the company and the gold mining industry more broadly since Barrick’ blockbuster merger with Randgold Resources — the smaller, African-focused gold miner he founded and led until the merger. The Northern Miner: You’ve been a critic of the gold mining industry for many years. You said it was undisciplined and there was poor return on invested capital. But Randgold Resources was always an outlier: you always focused on the geology, it was always about the orebody. And your guiding principle was that an orebody had to have at least 3 million oz. gold and a 20% internal rate of return at a long-term gold price of US$1,000 an ounce. Now that you’re heading up the bigger company, Barrick Gold, with assets all over the world and its own challenges, how do you see that going forward? Do you have different strategic filters at Barrick than you did at Randgold?

Mark Bristow: We have introduced as part of this transaction [the idea of] tier-one assets — which is effectively around the top-10 assets in the world. When you look at a 15% return at a US$1,200 per oz. gold price, a lot of people in this industry don’t know what it takes to make a 15% return. If you have a 7 million oz. plus gold deposit that produces 400,000 oz. a year, and you have to invest

Champion Iron positions for organic growth

BY DAVID PERRI dperri@northernminer.com

fter a milestone-rich year in which Champion Iron (TSX: CIA; ASX: CIA) restarted the Bloom Lake iron ore mine in Quebec’s portion of the Labrador Trough, the company has executed a series of transactions to better position itself for growth amid a global supply shortage in high-grade iron ore. In May, Champion finalized a preferred share offering for $185 million with Quebec pension fund manager Caisse de dépôt et placement du Québec. The company also secured a fully underwritten, US$200-million credit facility with The Bank of Nova Scotia and Société

Barrick Gold CEO Mark Bristow speaks at the 2019 Canadian Mining Symposium in London, U.K.

“WHEN YOU COMBINE THE BEST ASSETS WITH GREAT PEOPLE, THERE’S NOT MUCH TO DO TO DELIVER QUALITY RETURNS, BECAUSE IT COMES NATURALLY.” MARK BRISTOW PRESIDENT AND CEO, BARRICK GOLD

US$2 billion to reach a 15% return, you have got to have a US$570 per oz. all-in sustaining cost. So to get up to 20% when you have got very big assets is difficult, but it’s still a discipline, and anyone who can deliver 15% real returns — after tax for Canadians, because you always use before-tax

numbers — it’s a world-class asset, and we need more of those. And the principle of any mining is that your revenue is in your orebody. If you start with a highquality orebody, it doesn’t have to be high grade. It can be lower grade in a pit with no strip ratio. But if it’s a high-quality orebody,

See CHAMPION / 2 MARTINA LANG FOR THE NORTHERN MINER

you’ll always end up with a better return. If you start with a really underwhelming orebody, you’re never going to make any money. You’re going to do what the industry is very good at: you’re going to do really reasonably well in the peaks of the cyclical market, and you’re going to go bust in the trough. The point is that you can’t get there if you don’t have partnerships with your various stakeholders, whether they are governments, investors or fund managers. I’ve always said that we’re in an industry which is by its very nature looking to long-term decisions, long-term money, long-term partnerships.

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DIAMONDS: INTERVIEW WITH LUCARA’S EIRA THOMAS / 3

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Champion Iron’s Bloom Lake iron ore mine in Quebec’s Labrador Trough. CHAMPION IRON

A hauler passes under a conveyor at the Bloom Lake iron ore mine. CHAMPION IRON

Champion Iron positions for organic growth CHAMPION From 1

Générale. Champion will use $211 million from the new transactions to buy Ressources Québec’s 36.8% equity stake in Bloom Lake. “Acquiring the full stake in the project is the best use of our capital today,” said Champion CEO David Cataford on a conference call, pointing to the asset’s performance as a cash-flow generator. “No doubt this transaction is very accretive for Champion shareholders, but we are also extremely proud to generate such a strong rate of return for Ressources Québec,” Cataford says, pointing out the government agency invested in Bloom Lake when funds were scarce in 2017. Champion’s new debt costs nearly half as much as its old debt (from 6.88% to 7.67%), and comes with

less covenants. In this year’s first quarter, Champion reported production of 1.8 million wet tonnes of 66.2% iron ore concentrate at Bloom Lake, which generated $182.2 million in net revenue. The period also saw the mine achieve a record 81.7% recovery in February from a 31% head grade. In the same quarter, Bloom Lake produced 66.2% concentrate for $49.74 per dry tonne, which fetched a net realized price of $104.40, representing a 19.4% premium above the benchmark 62% iron ore price, Champion says. “When you look at current iron ore prices and our operating costs, you can see that we are generating quite significant margins,” Cataford says. Champion is operating during a supply shortage in high-grade iron

IN THE COMING WEEKS, CHAMPION PLANS TO RELEASE A FEASIBILITY STUDY FOR EXPANDING BLOOM LAKE, WHICH WOULD DOUBLE ITS NAMEPLATE CAPACITY TO 15 MILLION TONNES PER YEAR.

ore primarily due to the catastrophic tailings dam failure at Vale’s (NYSE: VALE) Brumadinho iron ore mine in Brazil, which killed hundreds of people earlier this year. Following the disaster, several iron ore mines in Brazil were suspended. In March, Vale reported fallout from the incident could impact up to 93 million tonnes of its iron ore production in 2019. “We see a good and strong iron price in the coming years, especially for high grade. On the back of the recent events, we believe it will be more and more difficult to bring on new tonnes of high grade to the market — with tough regulations for tailings and difficulties to get approvals for such infrastructure.” Since Bloom Lake came back online in February 2018, it has produced 7.62 million wet tonnes, which it moves by rail from a loading station on-site to the deepwater Port of Sept-Îles. “In this short period, we have proven our initial premise that Bloom Lake could favourably compete on the global cost curve by delivering tonnes to port for less than $50 [each],” said Cataford, who took over as CEO in April 2019 from Michael O’Keeffe, who remains Champion’s executive chairman.

“WHEN YOU LOOK AT CURRENT IRON ORE PRICES AND OUR OPERATING COSTS, YOU CAN SEE THAT WE ARE GENERATING QUITE SIGNIFICANT MARGINS.” DAVID CATAFORD CEO, CHAMPION IRON

Cataford joined Champion as vicepresident of engineering in 2014, and moved into the chief operating officer role in 2017. Champion is in the midst of executing a remarkable turnaround at Bloom Lake. “Iron ore touched the lowest levels since the introduction of the spot price, effectively, the same week that Champion formalized the agreement to purchase the mine from bankruptcy protection,” Cataford says. Junior developer Consolidated Thompson Iron Mines financed and built Bloom Lake for US$1.2 billion (with the help of 25% partner

CANADIAN INSTITUTE OF MINING, METALLURGY AND PETROLEUM (CIM) SPECIAL COMMITTEE ON VALUATION OF MINERAL PROPERTIES (CIMVAL)

REQUEST FOR COMMENTS ON EXPOSURE DRAFT OF CIMVAL CODE 2019 REQUEST FOR COMMENTS

BACKGROUND

CIMVAL has updated and revised the CIMVal Standards and Guidelines for the Valuation of Mineral Properties (“CIMVal 2003”) in the renamed CIMVAL Code for the Valuation of Mineral Properties (“CIMVAL Code 2019”). CIMVAL Code 2019 retains and updates the main concepts and guidance of CIMVal 2003 and recasts them in the framework of the IMVAL Template.

CIMVal 2003 was adopted and approved by CIM Council and released publicly in March 2003. Since that time, CIMVal 2003 has become recognized as one of the global standards for the valuation of mineral properties. It is widely used and quoted in the context of mineral valuations for transactions, accounting purposes, litigation, and arbitration. The TSX Venture Exchange, in Appendix 3G of the Company Manual, currently requires the CIMVal 2003 Standards to be used for valuation reports on mineral properties.

The CIMVAL Code 2019 has been released as an Exposure Draft and CIMVAL is formally soliciting comments from interested organizations and individuals on the Exposure Draft. The Exposure Draft can be accessed at www.cim.org or www.cimmes.org .

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In 2012, CIMVAL joined with valuation organizations from Australia, USA and South Africa to form the International Mineral Valuation Committee (“IMVAL”), to develop a mineral asset valuation template. The IMVAL Template (Third Edition) was released in 2018 and is based on recognized mineral valuation standards in Canada (CIMVal 2003), Australasia (VALMIN Code), and South Africa (SAMVAL Code), and aligned with generally accepted valuation concepts, principles, and definitions in the International Valuation Standards (IVS 2017 Edition). The purpose of the IMVAL Template is to be a principles-based template to be recognized as a common set of minimum requirements for national codes or standards for mineral assets valuation. The CIM website (www.cim.org) provides a link to the IMVAL Template.

SUBMISSIONS Please provide your comments no later than July 12, 2019. Submissions can be made on the CIM website. Download the draft document and submit your comments through the form on the website. CIMVAL thanks you in advance for your valuable submissions.

WISCO), while 62% iron ore concentrate sold for more than US$100 per tonne, achieving initial production in 2010. In 2011, then-Fortune 500-listed miner Cliffs Natural Resources acquired Consolidated Thompson for US$4.3 billion, and embarked on a US$1.5-billion expansion to increase capacity from 8 million to 14 million tonnes per year. Over three years, the U.S. miner spent US$1.2 billion to finish 75% of the expansion, which entailed building a second concentrate plant, an in-pit crusher, a 3.5 km conveyor system and upgraded power lines. This coincided with sinking iron ore prices, squeezing Cliffs financially and sending the company into bankruptcy protection in 2015. In April 2016, Champion closed the Bloom Lake acquisition for $10.5 million. Bloom Lake can produce 7.4 million tonnes of concentrate per year over a 21-year mine life. The project’s reserves total 411.7 million tonnes grading 30% iron. Iron formations at Bloom Lake are mostly magnetite-hematitequartz facies that form mineralization typical of the Lake Superior deposit type. Cataford said operations continue to improve, as they have worked through any emerging hiccups. “April has been our best month yet — we’ve produced way over budget and under our operating costs.” In the coming weeks, the company plans to release a feasibility study for expanding Bloom Lake, which would double its nameplate capacity to 15 million tonnes per year, and leverage the infrastructure Cliffs left behind. On the Toronto Stock Exchange, Champion shares sell for $2.92 apiece in a 52-week range of 89¢ to $3.10. The company has a $1.26-billion market capitalization and $200 million in cash. TNM

2019-06-04 8:30 PM

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THE NORTHERN MINER / JUNE 10–23, 2019

Diamond mining industry ripe for consolidation, Lucara’s Eira Thomas says INTERVIEW

| CEO says synthetic and natural diamond producers can coexist “WE’VE GOT INVESTORS THAT REALLY OWN THIS STORY FOR THAT DIVIDEND, AND THEY’RE VERY SENSITIVE TO THAT DIVIDEND.”

BY NORTHERN MINER STAFF LONDON, UNITED KINGDOM

The following is an edited excerpt of Lucara Diamond president and CEO Eira Thomas interviewed by Dean McPherson, head of business development for global mining at TMX Group, at The Northern Miner’s Canadian Mining Symposium held at Canada House in London, U.K., on May 22, 2019. Thomas discusses the big picture for mining companies today, including: mergers and acquisitions (M&A), the impact of synthetic diamonds on natural diamond miners and diversity in mining. For more on Lucara’s production and its new Clara digital sales platform, look for a story in our upcoming issue of Diamonds in Canada, which will coincide with our Canadian Diamond Symposium in Toronto on June 20, 2019. Dean McPherson: What is your opinion on the state of affairs in the diamond industry, and the mining industry generally? What is happening, what are you seeing and what are you feeling? Eira Thomas: The common theme that we’ve heard ... generally within the marketplace is that the mining sector is a little bit unloved right now. But we’ve got a lot to be optimistic about. The reality is, there’s a huge demand for all sorts of mined commodities, whether or not it’s metals and minerals going into new technologies, or it’s the energy that we use in our everyday lives, or when it comes to things like luxury products and diamonds. If you believe in world gross domestic product growth, then you have to believe in diamonds. I’m very optimistic. We have got a lot of opportunity in the space right now and we have to get out there and convince a new investor base that this opportunity is one that they should seize today. DM: Earlier we had Mark Bristow and a few other CEOs talking about the M&A trend in mining. You have had experience in this. You were CEO of Kaminak that was acquired by Goldcorp, and you said last year that M&A is a big part of your strategy going forward. I thought you could shed some light on your M&A activity ... generally your opinion about what’s happening in the industry. ET: I had actually a lot of M&A transactions over my career, including one hostile takeover many years ago that I vowed never to ever repeat. BM: You were the target or the acquirer? ET: No, I was actually the acquirer. But it was such a long, drawn-out process, it took years of my life. So first I state that I have no interest in doing hostile takeovers. There’s a time and place for M&A, which is notoriously difficult to do and create value for all the shareholders. We’re coming to a point certainly in the diamond sector where this is a space that’s very small, and it has been a difficult time for a lot of the junior producers, in particular. When Dominion Diamond got taken over by Washington Group, that was the premier investable mid-tier company. So that took a lot of energy out of the space, and we’re left with a bunch of junior companies now that are really not

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EIRA THOMAS PRESIDENT AND CEO, LUCARA DIAMOND

Eira Thomas, Lucara Diamond president and CEO, and Dean McPherson, TMX Group head of business development for global mining, at the 2019 Canadian Mining Symposium. MARTINA LANG FOR THE NORTHERN MINER

investable, in terms of their size. We’re getting to that point where it does make sense to put these pieces together. But for Lucara the challenge is that we have a very high-margin asset, we’ve got two growth projects in the pipeline that we’re very excited about. And our immediate focus is on executing on those organic growth projects that we have in our portfolio. But of course, we’re continuously looking. We think that is the prudent thing to be doing, and we do think that the sector generally does need some consolidation, and at some point, we believe that will happen.

diamond initiative. It’s tempting to see this as a negative event for miners. How do you see it?

ET: Because it’s such a small space, we really can’t be too restrictive in our criteria. We look broadly, but of course, we risk-rank everything we look at on the basis of geological potential, political jurisdiction and overall geological quality, of course. All of that gets factored into our analysis, but I wouldn’t say that any jurisdiction is completely off limits for us. Obviously, we’re more comfortable in jurisdictions like Botswana. That would be our first choice, but ... Canada is not a bad choice either.

ET: You know what? I’m actually really excited about it. I think it was a very positive development for the industry. It clearly serves to differentiate the two markets. The synthetic diamond market is not the same as the natural diamond market, and they can coexist. Right now, synthetics account for 3–5% of global jewellery consumption, and that probably will grow somewhat. But we don’t see that encroaching into the natural diamond market particularly for purchases related to those important, commemorative life moments. And the reality is that a synthetic diamond that you would have purchased maybe five years ago for say, US$5,000, would be worth less than US$800 today. So less than a cellphone. So there’s no store of value in a synthetic diamond. Rather, synthetic diamonds are filling a niche around fashion jewellery, and we see it almost as an entry-level opportunity for consumers. For the women in the audience, they’ll appreciate that when you’re a young girl aspiring to own your first designer handbag, you’re not going to be out buying that until you probably have a few pay cheques under your belt. But that doesn’t mean that you don’t aspire. So you may go off and buy that fake Gucci handbag on 42nd Street in New York. That doesn’t mean it diminishes your appetite for the real thing when you have the opportunity to afford it. Another analogy I use is thinking about how we consume luxury products. Everyone can appreciate that, as consumers, we have aspirations and we may have that designer item, whether it’s a suit or that Chanel handbag sitting in our closet. But at the same time, we own Zara and we own Gap. It’s a continuum. They’re not mutually exclusive. That’s how we see synthetics and natural diamonds playing together in this market. And because the cost of synthetics has come down so dramatically, those diamonds can never be resold for what they were purchased for. De Beers is clearly standing up and making a statement that this is the case.

DM: The diamond industry last year got a bit of shock when De Beers announced its Lightbox synthetic

DM: What about the environmental, social and governance (ESG) factors? When you started in mining 20 years

DM: Are investors clamouring for M&A activity? What’s the mood like on the investor side? ET: It’s interesting for us because we are a dividend payer. We’ve been paying a dividend since 2014. We were the first diamond company to initiate a dividend policy, and we have paid out $256 million in dividends, which is far in excess of the money we invested to build our project. The dividend currently yields 7%. We have cash on our balance sheet and no debt. So we’ve got investors that really own this story for that dividend, and they’re very sensitive to that dividend. Including our chairman, who is a larger shareholder who particularly likes his dividend. The key message there for us is that, whatever we do, it has to be creative, it has to make sense, it has to add obvious value to our company and for our shareholders. DM: In terms of jurisdictions, are you looking at Canada? Are you looking at Botswana? Wider Africa?

ago, the focus certainly was not very high on things like diversity and ESG. What is your perspective on the changes from the time that you started as a geologist in exploration and mining? Are you optimistic about that next generation of leaders? ET: I’m very optimistic. We have to be a little bit patient, but I also share the frustration that it hasn’t happened quickly enough. What we’ve seen is that diverse companies are generally more profitable companies — are more successful companies. That is becoming very apparent. For us at Lucara, we are very proud of the fact that we are actually 80% women in our senior leadership team ... and two partners and the original founders. Catherine McLeod is also a founder of Lucara. And something we’re also very proud of is the fact that we have the first female Botswanan woman running our diamond company in Botswana. And she’s the first female leader to run a mining company in Botswana, period. We’re also proud that 98% of our employees are Botswanan. We have no expats in our leadership team in Botswana at all. So this is

something that we have embraced as an opportunity, and it’s clearly paying off for us. We just reported our first-quarter results. The mine has never been stronger. We’re actually hitting record production through the plant. This is the best production quarter we have had in seven years of running this operation. We are exceeding guidance with ore and carats produced, and we’re doing it safely. We have just recorded our second full year without a lost time incident at our mine. All of these things contribute to better performance, and Lucara is a really good example of that. And so we see the benefits, we continue to push forward on that basis. For us, it’s a no-brainer. DM: Your diversity program and ESG program are quite impressive. What should investors take away? ET: I think back to the way we opened this, with this feeling that this is a sector that’s unloved. And I agree with that. But we’ve got to turn that energy around. As leaders in the industry and as companies, we’ve got a great story to tell, so we have to get out there and tell the story. And we have got to do it to a broader audience. Our tendency is to preach to ourselves and the converted. So a broader audience is a huge opportunity. Canada has got a great story to tell. The mining industry in Canada has a great story to tell, and we need to get on with telling it. TNM

CALIFORNIA GOLD MINE AND MILL FOR SALE Sutter Gold Mining Inc. (“Sutter”) was placed into receivership on May 17, 2019 pursuant to an Order of the Supreme Court of British Columbia and The Bowra Group Inc. was appointed as Receiver (the “Receiver”). The Receiver has engaged Dundee Goodman Merchant Partners (“Dundee”) to offer the assets of Sutter for sale, specifically the Lincoln Gold Project including: • Mine, mill with ancillary facilities including 711 acres of claims and 173 acres of surface rights located in Amador County, California, approximately 45 miles southeast of Sacramento; • Permitted 210 tpd gold processing facility on site with 2,885 feet of decline plus 6,275 feet of underground development; and • Numerous NI 43-101 resource statements were completed over time and range from 286,000-681,000 ounces of gold in situ depending on the report. To obtain further information about this opportunity and the sales process, please contact Olav Langelaar of Dundee Goodman Merchant Partners by phone at +1.604.566.8723 or email OLangelaar@dgmp.ca.

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E D I T O R IA L Consolidation on the minds of three top gold mining CEOs

O P- E D

GOLD

| Clash of visions between Bristow, Letwin and Marrone

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ith The Northern Miner’s Canadian Mining Symposium held at Canada House in London, U.K., in May, attendees were treated to contrasting visions for the gold mining industry put forward by three gold mining leaders. Mark Bristow, president and CEO of Barrick Gold, said his company focuses on BY JOHN CUMMING jcumming@northernminer.com the quality of its orebodies, stating: “The principle of any mining is: your revenue is in your orebody. If you start with a high-quality orebody, it doesn’t have to be high grade. It can be lower grade in a pit with no strip ratio. But if it’s a high-quality orebody, you’ll always end up with a better return.” For Bristow, the overriding rationale driving the merger between his own Randgold Resources and the larger Barrick Gold was the rare opportunity to get half of the world’s top-tier gold mining assets under the roof of a single company — a trend that only accelerated with Barrick’s post-merger deal with Newmont Goldcorp to joint-venture most of their Nevada gold assets, and create new opportunities to optimize operations. “When you combine the best assets with great people, there’s not much to do to deliver quality returns, because it comes naturally,” Bristow said. Steve Letwin, president and CEO of Iamgold, put more emphasis on the need to beef up the size of mid-tier gold mining companies to attract investor attention. He noted that the top-10 gold companies worldwide have a total market capitalization of only US$120 billion, whereas Microsoft alone has a market capitalization of US$960 billion. Perhaps more painfully, the top-five cannabis companies in Canada have a total market cap over $80 billion. Letwin spoke approvingly of both the Barrick-Randgold and Newmont-Goldcorp mergers, and said the fact that stock prices all rose on the deals indicates that the market approved heartily, as well. “We do need to consolidate. I’ve been saying this for two years at least, that there are too many of us with too little capital.” Peter Marrone, executive chairman of Yamana Gold, agreed with Letwin that both mega-mergers were “smart transactions,” but was far more circumspect, saying of the recent drive towards consolidation: “I recently described it as a three-act play where we’ve seen the first act. We don’t know what the second and third act is, we haven’t seen the synopsis of it. We don’t know how the play ends, and yet we’re already coming to the conclusion that there should be consolidation ... that that’s only the way forward, and I’m not sure that I agree with that.” He then added: “I don’t take what is happening today as the end of days. We’re going through a cycle. It is at a point in the cycle that I was saying to someone in the anteroom just now that it’s the worst I’ve seen in probably 25 to 30 years. So it isn’t particularly good, but let’s not give up on it yet. “The industry is not entirely in disarray. We are finding things. We’re replacing ounces. We are consolidating as those companies have done. We are producing. Gold seems to be rangebound, but it’s rangebound within an area that for many companies — perhaps the majority, certainly the plurality of companies — they’re making money. We’re generating free cash flow, we can demonstrate that there’s a value proposition. “Where there’s a disconnect perhaps, where it creates disarray, is that we haven’t done a very good job — in fact, we’ve done a very poor job — of communicating to the investing public what the thesis for investment in a gold mining company is. Marrone said the “sweet spot” is with the intermediate mining companies, and if he is right, the cycle will shift and gold prices will improve. “An investment in the equities will prove the best place to be is in the intermediate-sized companies. And consolidation for the sake of becoming bigger is a mistake. Replacing ounces becomes more difficult. We have to go to more far-flung places, and that creates an imbalance between the risk and reward equation.” Letwin argued back: “There’s a bit of insanity in the gold space where if we don’t do something differently we’re going to continue to wither away. When I joined the industry from the oil and gas business in 2011, precious metal miners alone raised US$8 billion in equity. Do you know what that number is today? It’s less than US$100 million this year. The market is tired of the way we run our business. So we need to wake up and listen to the market, and do something different … we have to go to a self-funding model. The oil and gas business had to do the same thing.” TNM

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A police checkpoint under a large boulder. We spent the night in the small brick hut under the left side of the boulder. PHOTO BY RALPH RUSHTON

My project in Pakistan went ‘boom’ ODDS ‘N’ SODS

| Prospecting the Tethyan belt in the 1990s, looking for porphyries

BY RALPH RUSHTON Special to The Northern Miner

alf a day south of the N40 highway in Pakistan, the main road heading west to Iran through the Balochistan desert, lies the Ras Koh mountain range. Steep, rugged mountains with little or no forest cover cut by deeply incised nallas, or dry stream beds, which you don’t want to be stuck in when it rains. Not that it rains very often. I was there in 1997 prospecting for porphyry copper systems, hot on the heels of BHP’s massive Reko Diq discovery in the Chagai Hills. Getting there was a two-day drive from Quetta along the N40, dodging Iranian and Pakistani trucks. The driving was some of the worst I’ve ever experienced — if you ask me, it’s a bloody miracle any trade ever makes it across the Iran-Pakistan border in one piece. Heading south, you might come across convoys of armed pickup trucks smuggling opiates to the Makran coast. And then there were the delightfully named “camel spiders” — hairy orange buggers with huge jaws that may or may not eat camels. With only a very basic map and a GPS, accompanied by a dignified elderly Pakistani geologist, Naseem (who spoke Baluchi) and two government soldiers, I was trying to find a way in to the centre of the Ras Koh range. Detailed satellite image processing in the head office had flagged a large area that looked like it might be a porphyry-related alteration system that had to be checked. But after two days of hiking we gave up. There was no easy way in that didn’t involve some pretty extreme camping, and we simply weren’t equipped for it. Naseem recommended visiting

the local governor to find out if there were any tracks or roads that we hadn’t tried, and off we went to find him in Dalbandin. Dalbandin Dalbandin was a particularly unpleasant little truck-service town. Dirty and hot, with — back then — only the cockroach-infested government hostel to stay in. What followed was a traditional tea-and-cake session with the governor to honour the foreigner (me) — any excuse for a nice slice of jam sponge. After a couple of hours reminiscing about the glorious legacy of the British Empire (I kid you not), he looked at our map and drew a large triangle around the area we’d been trying get into and said in perfect English, “Stay out of here” — with no explanation given. On the way out, Naseem told me in a polite but insistent manner that we should forget about that particular target and move on. We headed west to Fort Saindak to chase different targets — a possible volcanogenic massive sulphide system — out on the westernmost point of Pakistan where the Iranian, Afghan and Pakistani borders meet. Six months later, the Pakistanis detonated five atomic bombs at their top-secret test facility in the middle of the Ras Koh range. Our satellite photos had picked out the spoil heaps from the underground tunnel excavations. I’d been trying to hike into a remote nuclear test facility — a Westerner with a digital camera and a GPS. Thankfully, I’d listened to Naseem’s advice. — Ralph Rushton is an exploration geologist who prospected the Tethyan belt from Bulgaria through Turkey and Iran, and into western Pakistan, in the mid-1990s.

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

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

COMPANY INDEX ALX Uranium. . . . . . . . 11 Appia Energy. . . . . . . . 11 Azincourt Energy . . . . 11 Barrick Gold. . . . . . . . . . 1 Blue Sky Uranium. . . . . 9 Cameco. . . . . . . . . . . . . . 9 Champion Iron. . . . . . . . 1

Clean Commodities . . 11 Denison Mines. . . . . . . 11 Global Atomic . . . . . . . 11 Lucara Diamond . . . . . . 3 NexGen Energy. . . . . . . 9 Orano. . . . . . . . . . . . . . . 11 Plateau Energy Metals. 11

RNC Minerals . . . . . . . 13 Skyharbour Resources.11 SolGold. . . . . . . . . . . . . . 5 Warrior Met Coal . . . . 14 Zadar Ventures. . . . . . . 11

Local Pakistani policeman, who had just invited us in for tea. PHOTO BY RALPH RUSHTON

2019-06-04 8:30 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / JUNE 10–23, 2019

SolGold’s Nick Mather on receiving TNM’s Mining Person of the Year Award HONOURS

| Potential to ‘turn Ecuador into the second greatest copper-producing nation on earth’ BY JOHN CUMMING jcumming@northernminer.com

Pakistani border post seen from just inside Afghanistan. PHOTO BY RALPH RUSHTON

The following is an edited transcript of SolGold (TSX: SOLG; LON: SOLG) CEO Nicholas Mather’s remarks at The Northern Miner’s Canadian Mining Symposium at Canada House in London, U.K., as he accepted in person his Northern Miner Mining Person of the Year Award for 2018, first announced in March 2019.

Baking roti in the field in Pakistan. PHOTO BY RALPH RUSHTON

The British colonial-era Fort Saindak, far west of Balochistan. PHOTO BY RALPH RUSHTON

Afghanistan from the border. PHOTO BY RALPH RUSHTON

Pit stop in the Ras Koh ranges. PHOTO BY RALPH RUSHTON

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hank you to The Northern Miner and Her Excellency, the High Commissioner of Canada to the United Kingdom. Thank you very much for this almost embarrassing award. I say embarrassing because you hear lots of mineral operators say, you know, they found a deposit. Well, I’m here to tell you that no one person can ever lay claim to the discovery of a deposit or even a chain of them such as we have in SolGold, and the fabulous country of Ecuador. It takes a team of fantastically dedicated and highly professional geoscientists, lawyers, accountants and financiers. Most importantly, the support of a myriad number of shareholders who invest all levels of money, all of which has the same trait in that it’s very important to them. So we treat all investors as sacrosanct. The capital of SolGold is the most important thing to us. We like to look after Ecuador. We’re a guest in the nation of Ecuador, and we want to help them to help us. So we’re taking the notion of social license to operate to a new level through an entire country. And people say to me, “Oh, where is your project?” I say, “Oh, it’s Ecuador.” And they say, “I know it’s in Ecuador, but what is the project?” I say, “No, you didn’t hear me. It’s Ecuador.” Our project is to build a copper producer that reaches major proportions, and do it in a nation and build a company that is as important to the nation of Ecuador as BHP was to Australia. We’re doing this in a metal that has an unprecedented demand profile over the next 20 years as the world electrifies, and we’re doing it with the support of a nation that has maturely recognized that they need a mining industry to grow their economy, and improve the lives of all Ecuadorians. That’s no easy task. We hope that we’re helping them achieve that by taking a responsible attitude towards community liaison and the design of an industry. So we released our preliminary economic assessment on the project ... it pleasingly shows a net present value of some US$4.2 billion, with an internal rate of return of 26%. These are fantastic numbers. But I want you to think of Alpala as just one single outcrop in all of our project that covers the 700 km strike length of three mineralized belts. We have 12 targets. We own 100% of them in four wholly owned subsidiaries, and it underwrites the future of the emergence of SolGold as one of the world’s copper-producing majors. We have the potential to turn Ecuador into the second greatest copper-producing nation on earth. That’s not going to be an easy task, and it will be completed unfortunately long after I’m dead — not that I plan to die in the next 20 or 30

“NO ONE PERSON CAN EVER LAY CLAIM TO THE DISCOVERY OF A DEPOSIT OR EVEN A CHAIN OF THEM SUCH AS WE HAVE IN SOLGOLD, AND THE FABULOUS COUNTRY OF ECUADOR.” NICHOLAS MATHER CEO, SOLGOLD

years, anyway. But it is a long task. We have modelled nine lives that extend from somewhere between 50 to 60 years on one deposit, and it’s still getting bigger. These are indeed world-class, tier-one assets, and there are a lot of them in this nation that has hardly been explored at all. So I want to return to where I started this speech, and that is in thanking people. I want to thank my right-hand lieutenant, Jason Ward, of 20 years that he has been working with me. Jason is otherwise known as “Rambo,” or remote operations specialist. There has been no task either social or physical that has been too hard for him to attack and conquer. And he has built with our support the Cascabel project. The technical services manager, Benn Whistler, has been in charge of the collection, storage and utilization of data for over 180,000 metres of drilling. Eduardo Valenzuela is our study manager and promises to go on with the company and become, ultimately, the manager of the feasibility study. Anna Legge in charge of our PR and investor relations, and manager of London markets, has been in charge not only of the local market situation, but our market in Ecuador, our market with our stakeholders and the person who has overseen how we manage our most important stakeholder, which is the government and the people of Ecuador. I want to thank my board, my chairman, everybody on it, Craig Jones, Rob Weinberg, James Clare from Toronto, who is also here, and helps us keep safe from the claws of the Toronto Stock Exchange and the Ontario Securities Commission. Thank you, James. And there are too many people in SolGold to mention them all. We have 450 Ecuadorian employees. We try to employ Ecuadorians, endorse their nation, so that they can endorse our presence and our custody of this great resource, which is Ecuador. Thank you very much for this award, and I’m very honoured and humbled to receive it. TNM

2019-06-04 8:30 PM

WWW.NORTHERNMINER.COM

JUNE 10–23, 2019 / THE NORTHERN MINER

Canadian Mining Symposium 2019 SCRAPBOOK

| Highlights from The Northern Miner’s third annual event at Canada House in London

n May The Northern Miner hosted the third annual Canadian Mining Symposium at Canada House in London, United Kingdom. The event brings together British and European mining and investment communities for a comprehensive showcase of Canadian projects and

Canada-listed companies in the mineral development sector. This year’s symposium featured fireside talks, panels and presentations with top-tier mining executives Mark Bristow, David Harquail, Steve Letwin, Peter Marrone and Eira Thomas.

PHOTO CAPTIONS 1 Yukon Panel, from left: Graham Downs, president and CEO, ATAC Resources; Paul West-Sells, president and CEO, Western Copper and Gold; Brandon Macdonald, president and CEO, Fireweed Zinc; John McConnell, president and CEO, Victoria Gold; Sandy Silver, Premier of Yukon; and moderator Andrew Cheatle, senior VP for Africa, Forbes & Manhattan Group. 2 Jessica Jubb (L) event planner, The Northern Miner Group, and Becky Bays, manager, Canadian Mining Hall of Fame. 3 Peter Corcoran, VP of Sandvik Mining and Rock Technology Canada. 4 Steve Letwin, president and CEO, Iamgold. 5 Welcome reception attendees with ultra-high-grade gold specimens on display courtesy of RNC Minerals. 6 Eira Thomas, president and CEO, Lucara Diamond. 7 B.C. Panel, from left: Chad Norman Day, president, Tahltan Central Government; Steve Burleton, president and CEO, GT Gold; Dave Nikolejsin, deputy minister, British Columbia Ministry of Energy, Mines and Petroleum Resources; Walter Coles Jr., president and CEO, Skeena Resources; and moderator Frik Els, executive editor, MINING.com. 8 From left: Anthony Vaccaro, group publisher, The Northern Miner; Nicholas Mather, CEO, SolGold, holding his 2018 Northern Miner ‘Mining Person of the Year’ award; and John Cumming, editor-in-chief, The Northern Miner. 9 Next-Gen Leaders Panel, from left: moderator Patrice Merrin, director, Glencore; Frederick Bell, managing director, Elemental Royalties; Shaun Usmar, CEO, Triple Flag Mining Finance; Olivia Markham, director and portfolio manager, BlackRock; and Dean Braunsteiner, national mining leader, PwC Canada. 10 David Harquail, CEO, Franco-Nevada Corp., and chair, World Gold Council. 11 Mark Bristow, president and CEO, Barrick Gold; and Trish Saywell, senior staff writer, The Northern Miner. 12 Peter Marrone, executive chairman, Yamana Gold; and Janice Charette, Canada’s High Commissioner to the United Kingdom, Government of Canada. 13 The head table at The Northern Miner Leaders Dinner. PHOTOS BY MARTINA LANG FOR THE NORTHERN MINER

6 7

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2019-06-04 8:31 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / JUNE 10â&#x20AC;&#x201C;23, 2019

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2019-06-04 8:31 PM

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JUNE 10–23, 2019 / THE NORTHERN MINER

The Northern Miner senior writer Trish Saywell and Barrick Gold president and CEO Mark Bristow approach the stage at the Canadian MIning Symposium. MARTINA LANG FOR THE NORTHERN MINER

Success starts with orebody quality, Barrick’s Bristow says BRISTOW From 1

But everyone that’s supporting it is driven by this obsession of instant gratification. So you end up with a busted flush when you have that sort of combination of interests in an industry like ours. TNM: With the merger completed, Barrick has a mix of assets. And you said recently that you’re thinking about trying to divest at least US$1.5 billion of them. Can you give us any colour on that? MB: Yes, I always talk about the value curve. It’s very important in mining. The value curve is like an S. The flat, bottom part of the S is where you create value, and you always create value at that part, and it’s generally geology. But certainly mergers and acquisitions activity can create similar value if you are disciplined and opportunistic. Then that vertical part of the S is where you really have the optionality, the positive optionality, whether it’s the ability to exploit the delta on the gold price, or more importantly, you have geological potential that you can continue to add your returns, and that’s the driver. That’s the difference between return on capital and internal rate of return (IRR) ... you can constantly replace the ounces you mine after spending the capital. Then you’ve got the flat part of the S, which is not a bad place to be, but there you only get the gold delta. Our view — as a tier-one company focused on high-quality assets — is that although there’s value in that part of the S curve, we don’t want to have assets there, because they require much more attention. It’s like a factory. So it’s better to put them in the hands of people who are going to put the effort in, to make sure that you are absolutely optimum and it’s a production, operational side of things. So that for us is a noncore area — apart from the closing assets for which we have liabilities, and we have to manage them, our collection of inventory sitting up at the top part of that S curve is still very profitable. But it makes sense for us to bring it to account. And again, we want to bring them to account with the cooperation of our host countries and not just sell them to anybody who walks past. Because we plan to be there in the

1-16JUNE10_Main .indd 8

“CANADA HAS BEEN AN ICON OF ENTREPRENEURSHIP IN THE MINING INDUSTRY, BUT IT’S RUNNING THE RISK OF BECOMING IRRELEVANT, BECAUSE IT’S BUILT ON PROMOTION AND SHORT-TERMISM. AND I BELIEVE IT NEEDS A REINVENTION, JUST LIKE OUR INDUSTRY DOES.” MARK BRISTOW PRESIDENT AND CEO, BARRICK GOLD

next decades, and all our assets sit in world-class geological addresses, so you don’t want to burn your licence to operate. TNM: You said the first quarter went well and that you are going to produce between 5.1 million and 5.7 million oz. gold this year, and do that for the next five years. How are you going to maintain that pace, given that it’s harder and harder to find better-grade deposits? MB: It was a fantastic quarter. The excitement that drove me, and convinced Barrick executive chairman John Thornton, was this strategy of collecting the majority of the toptier assets in the industry in one organization. We at Randgold brought two, Barrick had three, and another one in the form of Goldrush, or in fact two, Turquoise Ridge and Goldrush, and then Veladero, which has the chance to get there. With Nevada, we have four in, with the Nevada joint venture we now have four, because we’ve moved Turquoise Ridge into tier one, with the combination of Twin Creeks. So we are going to end up with more than half of the top-10 assets in the world. And you combine that with great people, with Barrick undoubtedly having the best leadership team in the industry. They’re all young, they’re all in their 40s and younger — which is abnormal in this industry — and our mining engineers are in their 30s. You need that if you want to do automation, because 50-year-old engineers are just … like me, I’m scared of automation, but my son is not. And so when you combine the best assets with great people, there’s not much to do to deliver quality returns, because it comes naturally. You see the first sign of that in quarter one, but there are a lot of costs in there, as we cleaned up the organization. I have got no doubt in the fullness of this year, you’ll see the real benefits coming out of the

reshaping of the organization and the focus on delivering profitability and high quality. John Thornton, when he took over in 2015, he had US$12.5 billion of debt. That’s when I first met him, and I suggested to him that if he wants to fix this, he should probably employ a few people who know how to fix it, and have done it before. But he sweated the assets, unlike most of the mining industry, who would tend to just listen to the investment bankers and issue paper. He sweated the debt down and didn’t issue a lot of paper, and he sold some assets at a very good price. Barrick became driven by highgrading effectively, and looking at the top line and cash flow. What happens then is that you become lazy on the efficiency side because it’s easy just to go, and Barrick’s got great assets, so it’s easy to do that. What I have done is moved the focus of management down to the orebody and optimized the orebody. What do you do then is focus on costs. You keep the margin — the margin take is the same, because in a grade-focused mine, you lose sight of the cost. It’s just another phase of mining, and that’s what we’re doing, and we’re comfortable we’ll get to the same margin. Then you extend the life and that impacts the IRR and the return on your investment, and so the whole thing works. TNM: Can we talk about the joint venture a bit more in Nevada? You’ve talked about maybe replanning some of the mines to optimize them. MB: You know, a part of that move from high-grade or top-line focus to orebody focus is replanning, and that comes with geotechnical geology. So all the mines in Barrick — legacy Barrick — have now got new managers, new general managers, all of them. Some of them we have just rearranged to give people a new chance. Some of them are new completely, some of them are pro-

motions. All the mines now have mineral resource managers, and we have planning and we have geotechnical engineers, because that’s the way you optimize an orebody. Nevada has been renowned for bad rock conditions, but it’s also variable. What we’ve found is Nevada has generally focused on the lowest risk, and so has designed the mines for the worst possible rock conditions, whereas they are variable. So if you would go in and model properly — we’re coming from deeplevel mines in South Africa, that’s where we all grew up, we understand that — then you can change the mining method. Where the rock stands up and it’s silicified, for example as it is in many parts of Nevada, you can do long-haul open stoping — which changes the whole cost of mining. That’s what we’re busy doing, and we’re going to do the same at Newmont. So there’s a lot of opportunity, a lot of excitement and a great career for young engineers who get involved in that sort of thing. TNM: What’s a reasonable target for return on equity at Barrick over the next couple of years? In the first quarter it was about 2%. MB: I don’t do that, because in fact, very few people in the mining industry actually know how to calculate that. Because my focus is internal real rate of return — long-term return based on your capital. And I’ll tell you why: once you commit to building a mine, you have fixed the capital. Therefore people who say, “Oh, the gold price is going down, I’m going to cut capital” — that’s illogical. You have got to have a long-term plan with a long-term gold price, and make sure that your capital is appropriately invested against the orebody. And if you do all that and you have got a high-quality orebody,

you will deliver the returns. I’ll give you an example. Randgold uses 20% and US$1,000 gold. Well, it actually uses a model gold price based on input costs. And we didn’t make 20% return because you can’t, because mining comes with risks, particularly in Africa, and it’s a 3 million oz. [filter]. At Kibali it’s effectively 15%, but at US$1,000, because you screw up, and the gold price goes up and down. But over time, because the gold price goes higher than a thousand, and it has never gotten below a thousand — which would suggest maybe we should move it up a bit — you actually do achieve the 20% long-term return, and we have. At Tongon, we have definitely done that. At Gounkoto, we have. Loulo, we’re short of. Kibali, we’re running at, and we run it always back to the original investment — we are running at about 15%. TNM: You had some news out yesterday about Tanzania. Do you want to talk about that? MB: I can’t talk about that, unfortunately. I’m under the careful and beady watch of the U.K. Takeover Panel. And I have a chaperone in the audience that is making sure that I don’t go offbeat, and he’ll be very pleased to have that. TNM: Since we’re Canada-focused today, Barrick seems a little light on Canadian assets. Does that matter? MB: Yes. For me there are two things. I modelled Randgold Resources on the original Barrick way back in the startup with Bob Smith and Peter Munk, and the whole concept of building an alternative to South Africa when the rest of the world sanctioned South African mining. And it was all about returns. Canada has been an icon of entrepreneurship in the mining industry, but it’s running the risk of becoming irrelevant, because it’s built on promotion and short-termism. And I believe it needs a reinvention, just like our industry does. When I went to Hemlo, what shocked me and the whole of Canada is that a young engineer is going to university and they don’t get a crack in the mining industry. We need to change that. And I say “we” as Canadians, being sort of quasi. Also when you saw the sort of See BRISTOW / 16

2019-06-04 8:31 PM

MINING ENERGY

SPECIAL FOCUS

Uranium Energy’s Reno Creek ISR uranium project in Wyoming. URANIUM ENERGY

NexGen builds scale at Arrow SASKATCHEWAN | Highgrade deposit would join ranks of top uranium producers in OECD BY TRISH SAYWELL

the project would yield an after-tax net present value at an 8% discount rate of US$135 million, and a 29.3% after-tax internal rate of return, the study concludes. “This is a low-cost deposit. It’s surficial, and has very positive economic indicators that can make it viable, even in the uranium environment we’re in right now,” Cacos

he entire footprint of NexGen Energy’s (TSX: NXE; NYSEAM: NXE) proposed Arrow mine is smaller than a university campus, but could produce 21% of the world’s uranium once in production, the company says. The high-grade uranium deposit in Canada’s Athabasca basin would produce 25.4 million lb. uranium oxide (U3O 8) per year over an estimated mine life of nine years — leapfrogging the company into the ranks of top producers among the 36 countries that make up the Organization for Economic Cooperation and Development. “It sounds like a massive mine, but in reality, we’re talking about 1,000 tonnes of ore per day — it’s a tiny, tiny mine,” says Travis McPherson, NexGen’s vice-president of corporate development. “What’s unique about this is the grade and setting. We have these parallel, vertically stacked sheets of uranium in basement rocks, so they’re very easy to access through a shaft, and it’s very competent.” In addition, Arrow is a basementhosted (ingress-type) deposit that would not call for freezing to extract mineralization, due to the competent ground setting, compared with sandstone-hosted (egress-type) deposits, which can have challenges, owing to mineralization ‘perched’

See BLUE SKY / 10

See NEXGEN / 12

Blue Sky Uranium geologist José María Rodriguez at a drill site at the Amarillo Grande uranium property in Argentina. BLUE SKY URANIUM

Blue Sky Uranium advances Amarillo in Argentina DEVELOPMENT BY TRISH SAYWELL tsaywell@northernminer.com

rgentina has three nuclear reactors and plans for more, yet the country has no domestic uranium production. Blue Sky Uranium (TSXV: BSK; USOTC: BKUCF) hopes to fill that void. “They import uranium from Kazakhstan and Canada, so having a domestic source would be a preference, and they’re potentially our first customer,” Nikolaos Cacos, the company’s president and CEO, tells The Northern Miner. The country exports small nuclear reactors, too, which are built by INVAP, a manufacturer in the province of Rio Negro, home of Blue Sky Uranium’s Amarillo Grande project. “The province is a majority owner of INVAP — it’s like a crown corporation — and we’ve collaborated with this organization doing some metallurgical studies, so they’re very supportive of what we’re doing,” Cacos says. “They even have a pilot nuclear enrichment plant in Rio Negro … if we had to pick a province to do uranium mining in, there couldn’t be a better one.” In February, the company completed a preliminary economic assessment (PEA) of its main Ivana deposit at Amarillo Grande. The study outlines an open-pit operation that would produce uranium and vanadium over a 13-year mine life. Initial capex is estimated at US$128 million, including a US$28million contingency, and would be paid back, after-tax, in just under two and a half years. Life-of-mine sustaining capital costs are forecast at US$35 million.

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| Junior hopes to sell product to Argentine customers life-of-mine at US$16.24 per “THE OVERALL CAPEX IS VERY LOW FOR the lb. U O , with all-in sustaining ANY TYPE OF MINING PROJECT, AND FOR costs net of credits of US$18.27 per lb. U O . A URANIUM PROJECT, TOO, ESPECIALLY At a US$50 per lb. uranium price COMPARED WITH PROJECTS IN CANADA.” and US$15 per lb. vanadium price, 3

NIKOLAOS CACOS PRESIDENT AND CEO, BLUE SKY URANIUM

“The overall capex is very low for any type of mining project, and for a uranium project, too, especially compared with projects in Canada,” Cacos says, adding that sustaining capex is also quite low, as “it’s almost like a gravel operation.” Most of the near-surface mineralization found so far is in the form of the leach-amenable mineral carnotite as coatings on pebbles, and beneficiation test work on samples shows that simple wet scrubbing and screening techniques could help concentrate and upgrade the material on-site, which would lower transport and processing costs. “The large pebbles are completely unmineralized, so you scoop up a ton of dirt, you do a wet scrubbing and remove the large pebbles and rock, and you’ve increased the grade by a factor of four, and removed 75% of the mass, and the rest is done with a simple alkaline leaching process, where you extract the uranium and vanadium out,” he says. “This process is used worldwide and is well-proven.” Blue Sky has also hired Chuck Edwards, a technical advisor who specializes in uranium processing for both alkaline and acid-leach plants. Edwards was involved in the engineering design of all the current uranium facilities in Saskatchewan’s Athabasca basin, and has worked on uranium projects in five continents, including as principal metallurgist at Cameco (TSX:

CCO; NYSE: CCJ). “He recently retired from Cameco and then starting working on this project,” Cacos says. “The more work he did, the more he liked the project.” Other estimates in the PEA put total cash costs net of credits over

tsaywell@northernminer.com

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JUNE 10–23, 2019 / THE NORTHERN MINER

MINING ENERGY

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Drillers at Blue Sky Uranium’s Amarillo Grande uranium project in Rio Negro, Argentina. BLUE SKY URANIUM

Blue Sky Uranium advances Amarillo in Argentina BLUE SKY From 9

says, noting that the deposit, an in-house discovery, occurs within a depth of 20 to 25 metres. “There is no drill hole that goes deeper than 50 metres, so drilling has been very low cost,” he says. This year, Blue Sky will explore three high-priority target areas with significant anomalies of uranium and vanadium, and the work program over the next six months includes up to 4,500 metres of reverse-circulation drilling, auger drilling and down-hole radiometric measurements, as well as a 6 km induced-polarization geophysical survey. The program will delineate mineralization between the main Ivana

deposit and the Ivana West target, 1 km away, and also test targets in two other areas to the north — Ivana Central and Ivana North — all of which are within 25 km of the main deposit. Cacos is particularly interested in the prospects at Ivana Central, where its former partner, Areva, drilled holes in 2010 and 2011, but never assayed them. “They very abruptly ended the partnership, because I guess they had some restructuring issues to deal with — nothing to do with our project — and so we assayed them,” he says. “The edges of our Ivana main deposit have certain characteristics, and those drill holes on either side that are about 6 km apart seem to mimic those edges.

Areva may have just stepped over an underlying deposit.” Five to ten kilometres farther north of Ivana Central, at Ivana North, Blue Sky also sees “attractive geology” and “surface expression,” Cacos notes. On May 27, the company announced a non-brokered private placement financing of up to 9.3 million units at 15¢ per unit for gross proceeds of $1.4 million. Those funds should “get this exploration program going,” and “will get us into the fall, when the cycle begins to pick up when it traditionally does, [and] we can raise additional funds. “This whole drill program is estimated to cost about US$3 million, and has the potential to dramatically

Carnotite mineralization from the Anit deposit at Blue Sky Uranium’s Amarillo Grande project in Argentina. BLUE SKY URANIUM

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“WE’RE ... GETTING A LOT MORE INTEREST FROM INSTITUTIONAL INVESTORS AND PRIVATE EQUITY GROUPS IN THE URANIUM SPACE … IT’S SMART MONEY, AND USUALLY SMART MONEY MOVES FIRST, AND THEN RETAIL FOLLOWS.” NIKOLAOS CACOS PRESIDENT AND CEO, BLUE SKY URANIUM

change the project,” he says. As for the uranium price, which is languishing at less than US$25 per lb., Cacos says he’s “optimistic.” “There are a few things that give me comfort that the uranium price will pick up,” he says. “We’re seeing a lot of interest and a lot more in the

mainstream press about the International Atomic Energy Agency, which says developed countries need to look at nuclear power as a viable option in order to reduce greenhouse gases, and we’re seeing a lot more acceptance of that, and I’m reading about that more and more often. “We’re also getting a lot more interest from institutional investors and private equity groups in the uranium space … it’s smart money, and usually smart money moves first, and then retail follows, so those are all positive signs,” he continues. “And we’re seeing nuclear reactors being built around the world. China is investing US$10.5 billion to build a nuclear reactor in Argentina.” Blue Sky has defined mineralization at Amarillo Grande in three areas — Ivana, Anit and Santa Barbara — along a 145 km trend. The Ivana deposit is 25 km north of the city of Valcheta, where Blue Sky has its exploration camp and office. Valcheta is at the junction of Provincial Road 4 and National Road 23, where the latter connects to the deep-ocean port of San Antonio Oeste, 120 km east. A railway runs parallel to National Road 23 and two high-power lines cross-cut the project from east to west. At press time, Blue Sky traded at 14¢ per share in a 52-week range of 12.5¢ to 23¢. The junior has 110 million shares outstanding for a $15.4-million market capitalization. TNM

2019-06-04 8:31 PM

MINING ENERGY

GLOBAL MINING NEWS

THE NORTHERN MINER / JUNE 10–23, 2019

MINING ENERGY SNAPSHOT

Eight juniors active in world’s uranium hotspots While uranium oxide prices continue to drift in the doldrums, several uranium companies have still raised a bit of money to explore and carry out modest programs. Here is a look at eight uranium-focused companies that are active in 2019.

grade Macusani uranium deposit in the Macusani plateau area of southern Peru. Plateau completed a preliminary economic assessment of Macusani in 2016 that showed a robust project at US$50 per lb. uranium oxide (U3O8). At press time, spot prices were US$25 per pound.

ALX URANIUM Based in Vancouver and led by CEO and chairman Warren Stanyer, ALX Uranium (TSXV: AL; US-OTC: ALXEF) is the product of the merger between Alpha Exploration and Lakeland Resources.

Total resources from five deposits at Macusani stand at 95.2 million measured and indicated tonnes at 0.0248% U3O8 for 51.9 million lb. U3O8, plus 130 million inferred tonnes at 0.0251% U3O8 for 72.1 million lb. U3O8. There is an economic amount of lithium byproduct in four of the uranium deposits.

ALX is focused on exploring for uranium and other minerals in Saskatchewan’s Athabasca basin. In late May, ALX closed a $1.5-million private placement, with funds of the flow-through portion of the financing directed to exploring its uranium assets in Saskatchewan, which cover 2,000 square kilometres. Earlier in May, ALX staked 271 sq. km of claims prospective for nickel, copper and cobalt mineralization at its wholly owned Flying Vee project located outside the Athabasca basin near Stony Rapids, Saskatchewan. ALX says it first staked five claims at Flying Vee in 2018 covering the historical Reeve Lake nickel showing, and acquired another eight claims in April 2019 when a staking rush was triggered in the area by emerging battery metals company Kobold Metals. ALX Uranium’s Hook-Carter uranium project in the Athabasca basin’s Patterson Lake corridor is more advanced — a 2019 drilling program began in January. Exploration at Hook-Carter is operated by 80%-owner Denison Mines (TSX: DML, NYSE-AM: DNN), with ALX holding the other interest. APPIA ENERGY Toronto-based Appia Energy (CSE: API; US-OTC: APAAF) is involved in uranium and rare earth elements (REE) exploration in the prolific Athabasca basin district of northern Saskatchewan, and uranium and REE development and mining in northern Ontario’s historic Elliot Lake mining camp. Appia is led by president and CEO Anastasios (Tom) Drivas, who is described as a business entrepreneur with over 30 years of experience in various industries, including more than 20 years in the mineral resource industry. He is also president and CEO of Romios Gold Resources, a publicly traded company founded in 1995. Geologist James Sykes is Appia’s vice-president of exploration and development, and has done previous work in the Athabasca basin related to NexGen’s Arrow deposit and Hathor’s Roughrider deposits. Appia’s uranium properties in the Athabasca include Loranger, Eastside and North Wollaston — all in the Wollaston Lake area.

Pit operations at Orano’s Somair uranium mine in Niger. ORANO and is located east of Uranium City. The company describes Alces Lake as the highest-grade REE occurrence known in Saskatchewan, with grades comparable to those found in South Africa’s world-class Steenkampskraal deposit. In 2018, Appia completed the firstever drill campaign on the property, with 15 holes confirming depth extension of high-grade surface REE mineralization. Appia is returning to Alces Lake in June 2019 with a work program that will include 3,000 metres of drilling. AZINCOURT ENERGY Vancouver-based, Alex Klenmanled Azincourt Energy (TSXV: AAZ; US-OTC: AZURF) has just raised $1.6 million in a private placement, with proceeds earmarked for general working capital purposes and to advance the company’s East Preston uranium project in Saskatchewan’s Athabasca basin, where it is partnered with Skyharbour Resources (TSXV: SYH) and Clean Commodities (TSXV: CLE). Azincourt is earning a 70% interest the Eastern part of the Preston project, which is one of the largest tenured land positions in the uranium-rich Paterson Lake region, and near NexGen Energy’s high-grade Arrow deposit, Fission Uranium’s Triple R deposit and AREVA–Cameco–Purepoint’s joint venture (Spitfire). Azincourt says Orano Canada (formerly Areva Resources Canada) optioned 49.6 sq. km of the Preston project for up to $7.3 million in exploration expenses, and over $2.5 million in exploration expenses have been spent on the East Preston project over the past three years. Azincourt’s other major asset its Escalera Group uranium-lithium project located on southeastern Peru’s Picotani Plateau. DENISON MINES A member of the Lundin Group of Companies and led by David Cates, Denison Mines (TSX: DML; NYSEAM: DNN) is a Toronto-based senior developer focused on exploration and development of uranium assets in Saskatchewan’s Athabasca basin.

At North Wollaston, the company is planning an airborne radiometric, magnetic and electromagnetic geophysical survey over the property, which hosts four uraniumbearing surface showings with grades up to 0.495% U3O8.

Denison says its 90%-owned Wheeler River “ranks as the largest, undeveloped, high-grade uranium project in the infrastructure-rich eastern portion of the Athabasca basin.”

Appia’s REE project in the Athabasca is named Alces Lake

Denison reported in June that the Canadian Nuclear Safety

1-16JUNE10_Main .indd 11

Commission and the Saskatchewan Ministry of Environment have accepted the provincial technical proposal and federal project description submitted by Denison for the in-situ recovery uranium mine and processing plant proposed for Wheeler River. Denison also said it has “executed a series of memoranda of understanding with Indigenous communities in support of the advancement of the project.” The firm’s exploration portfolio in the basin consists of numerous projects covering 3,200 sq. km, and its other assets include: a 22.5% ownership interest in the McClean Lake joint venture, which includes several uranium deposits, and the McClean Lake uranium mill, which processes ore from the Cigar Lake mine under a toll-milling agreement; a 25.17% interest in the Midwest and Midwest A deposits; and a 65.45% interest in the J Zone deposit and Huskie discovery on the Waterbury Lake property. Denison is also engaged in mine decommissioning and environmental services through its Denison Environmental Services division and manages Uranium Participation Corp. — a publicly traded company that invests in uranium oxide and uranium hexafluoride. GLOBAL ATOMIC Toronto-based junior Global Atomic (TSX: GLO; US-OTC: SYIFF) is advancing the high-grade, large DASA uranium deposit in Niger. In an unusual feature for a uranium developer, Global Atomic says it “benefits from the significant dividend stream generated by its share in the Befesa Silvermet zinc concentrate production facility in Turkey.” In a May 30 update, Global Atomic reported that an updated resource statement for DASA is nearly completed, and will include all assay data from its 2018 drill program. A mine plan based on the resource update will then be developed and included in a feasibility study due in the first half of 2020. The company says it will apply for the DASA mining permit in mid2020, with permits expected by the fourth quarter of 2020. It adds that “work on the resource update and feasibility study indicate the DASA deposit is a large, high-grade uranium deposit that will demonstrate strong economics,”

and that discussions with French uranium producer Orano Mining regarding the memorandum of understanding in July 2017 are “progressing well,” and the company is “considering various options” for early ore delivery. ORANO Paris-based Orano is a French government majority-owned nuclear fuel cycle company that emerged in 2017 out of the ailing nuclear conglomerate Areva, which slipped into insolvency in the mid-2010s, and required massive restructuring. Areva sold or discontinued its renewable energy businesses, sold its reactors business subsidiary (now named Framatome) to EDF, and its nuclear propulsion and research reactors subsidiary (now named Technicatome) to Agence des participations de l’État. Its nuclear cycle business was placed in a separate company New Areva, which was later renamed Orano. Orano has 16,000 employees worldwide and is described as engaged in uranium mining, conversion-enrichment, spent fuel recycling, nuclear logistics, dismantling and nuclear cycle engineering activities. Orano Canada (previously named AREVA Resources Canada) is headquartered in Saskatoon, Sask., and carries on the work done by its predecessors for more than 50 years. Its most notable asset is its McClean Lake uranium mill, which Orano describes as “the most technologically advanced mill in the world for the processing of high-grade uranium ore, without dilution.” At the time of the name change in February 2018, Orano Canada president and CEO Vincent Martin said that “although we now have a new brand, we remain the same company here in Saskatchewan, focused on uranium exploration, mining and milling, with the same commitment to safety, environmental protection and our communities.” PLATEAU ENERGY METALS Toronto-based junior Plateau Energy Metals (TSXV: PLU) changed its name from Plateau Uranium in March 2018, after having changed its name from Macusani Yellowcake in 2015. As its new name suggests, Plateau Energy Metals is putting more focus on its lithium assets in Peru than on developing its large, long-held, low-

Plateau broadly proposes to build a mine that produces 6 million lb. U3O8 per year for 10 years at a US$300-million initial capital cost, and relatively low cash-production costs of US$17 per lb. U3O8. At a US$40 per lb. U3O8 price, Plateau says Macusani has a posttax net present value of US$360 million and a 29.2% internal rate of return, with a 2.5-year payback. Plateau says its key Falchani lithium project the Puno District in southeastern Peru is a “potentially scalable, open-pittable hard rock lithium deposit,” where metallurgical work to date “demonstrates the potential to produce a high purity lithium carbonate product.” The current resource estimate shows indicated resources of 60.92 million tonnes at 2,954 parts per million (ppm) lithium (0.64% Li2O equivalent) containing 0.96Mt lithium carbonate equivalent (LCE) and inferred resources of 260.1 million tonnes at 2,706 ppm lithium (0.58 Li2O equivalent) containing 3.75Mt LCE. ZADAR VENTURES Vancouver-based Zadar Ventures (TSXV: ZAD; US-OTC: ZADDF) is another junior with a “green energy” asset mix of lithium and uranium. In March, Zadar directors decided to consolidate shares on a 10-to1 basis, leaving the company in early June with 17.7 million shares outstanding for a $1.8-million market capitalization, with shares trading at 10.5¢ per share. The company is undertaking exploration for lithium projects in Nevada, known as the WSP and CR claims. Its uranium exploration projects are in Saskatchewan’s Athabasca basin and include Passfield Lake, West Carswell, Riverlake and Upper Poulton Lake. Zadar has an option to acquire a 100% interest in the Passfield Lake, which is situated on the Passfield structure (which Zadar says is possibly an astrobleme, and similar to the Cluff Lake structure) and astride the Cable Bay shear zone (CBSZ). Zadar adds that exploration has “identified important indications of the presence of uranium-bearing hydrothermal fluids along the fault that forms the eastern arm of the CBSZ. Further drilling is required to adequately test for uranium mineralization in this structurally complex area, especially where shallow basement (300 to 500 metres) is indicated by geophysical surveys.” TNM

2019-06-04 8:31 PM

JUNE 10–23, 2019 / THE NORTHERN MINER

MINING ENERGY

WWW.NORTHERNMINER.COM

NexGen Energy’s uranium exploration camp in northern Saskatchewan’s Athabasca basin. NEXGEN ENERGY

NexGen builds scale at Arrow NEXGEN From 9

within the unconsolidated and wet Athabasca sandstone unit — which requires freezing. The deposit has massive cavities, where the company plans to store its tailings. Although this is expensive, NexGen says it is the best option. “We’ve seen some very unfortunate tailings incidents globally, and it has highlighted the importance of this,” McPherson says. “Most mines economically can’t justify storing waste streams below surface, but because this is such an economically strong mine, we can justify it.” McPherson estimates that storing the tailings underground will make up 21% of the mine’s cash-operating costs, so it’s “not the most economic” option, but notes NexGen is “completely committed to setting a new standard for global environmental and social mine management. “We want all Canadians to be proud of this mine, and tell people we have the best mine from an environmental and social perspective in the world.” NexGen completed a prefeasibility study (PFS) on Arrow in November 2018, and is on track to complete a bankable feasibility study and submit an environmental impact statement in the first half of 2020. The PFS estimates average annual production from the underground mining operation of 25.4 million lb. U3O8 at an average annual operating cost of $5.81 (US$4.36 per lb.) U3O8, an average annual throughput rate of 1,039 tonnes per day, and an average annual grade of 3.09% U3O8. At US$50 per lb. U3 O 8 , Arrow would yield an average annual aftertax net cash flow of $909 million. The post-tax net present value is an estimated $3.7 billion, and the aftertax internal rate of return, 56.8%. Initial capex of $1.25 billion would be paid back, post-tax, in 1.2 years. Arrow’s mineralized area is 308 metres wide by 895 metres in strike, with mineralization starting at 110 metres’ depth, and extending to 980 metres. The deposit has an indicated resource of 256.6 million lb. U3O8 contained in 2.89 million tonnes grading 4.03% U3O8 , including the A2 high-grade core of 181 million lb. U3O8 contained in 0.46 million tonnes grading 17.85% U3O 8 . Inferred resources stand at 91.7 million lb. U3O8 contained in 4.84 million tonnes grading 0.86% U3O8 . This year, the company is finishing a 125,000-metre drill program to take Arrow — part of the company’s

1-16JUNE10_Main .indd 12

NexGen Energy’s uranium exploration camp in northern Saskatchewan’s Athabasca basin. NEXGEN ENERGY

“IT SOUNDS LIKE A MASSIVE MINE, BUT IN REALITY, WE’RE TALKING ABOUT 1,000 TONNES OF ORE PER DAY — IT’S A TINY, TINY MINE. WHAT’S UNIQUE ABOUT THIS IS THE GRADE AND SETTING.” TRAVIS MCPHERSON VICE-PRESIDENT, CORPORATE DEVELOPMENT, NEXGEN ENERGY

Rook 1 property — to the next level. Seventy thousand metres of the work program are geared towards converting the indicated resource into the measured category. “We tend to agree — that’s probably overkill. You don’t have to have measured resources to get a feasibility study — indicated resources will suffice — but given the next phase after the feasibility study, which will include permitting, financing and capex, we want to have no questions unanswered.” McPherson notes that the 70,000 metres won’t do much for the project technically, in terms of the consistency of the infill drilling, because the continuity “is clearly evident in that indicated area,” but “really is just to tick those boxes, because we are committed to building the world’s largest, lowest-cost uranium mine … we need to make sure there are no areas where financiers or regulators would have any questions.” The program’s other 50,000 metres are designed to convert inferred resources into the indicated category, and McPherson emphasizes that the company’s goal is not to add ounces

now, because it can do that once in production. “We have yet to close off the deposit anywhere,” he says. “So we thought, let’s not focus anymore on getting more pounds, because once we’re in production underground, we can delineate the deposit further — and no doubt find more resources.” Results at the end of May from another 20 holes (7,970 metres) showed the continuity of mineralization within the high-grade core of the deposit, with hole 229c2 intersecting 47 metres of total composite mineralization, including 12 metres of total composite off-scale radioactivity (>10,000 to >61,000 counts per second), within an 86-metre section. Hole 235c1 intersected 43 metres of total composite mineralization, including 7 metres of total composite off-scale radioactivity (>10,000 to >61,000 cps), within a 93-metre section. Assays will be ready in eight to 12 weeks. “The continuity of mineralization that we see at Arrow in the mine plan areas in the A2 and A3 shears is very unique. You don’t normally

see that,” McPherson says. “Every hole we’ve got in that indicated to measured category is just as we expected, so we’re confirming what we already know, and, in doing that, it’s really saying something about the deposit, and that is that this continuity is unquestionable. “If we were hitting two out of every three holes in terms of that being on par with what we thought, that would still be a good result. We would still be within a range of good results for infilling a good high-grade deposit, whether it be uranium or gold, or whatever,” he continues. “The fact that we’re hitting three out of three holes — 100% — the same strong grade and width, it’s just very, very rare.” The full drill program will be completed before the end of October. McPherson is also optimistic about future uranium demand and prices. While the spot price languishes at US$24.50 per lb., he argues that 85% — if not more — of uranium is sold to nuclear power facilities and transacted under longterm contracts, in which prices are determined based on the all-in cost of production. “Needless to say, it’s significantly higher than $24.50,” he says. “It’s unfortunate that the spot price is even quoted, because it’s not a true reflection of what the production costs of uranium are.” While most contracts typically last 10 years, with confidential terms, sometimes the terms get out, which was the case a few years ago, when Berkeley Energy reportedly signed a long-term contract in Spain at

US$45 per pound. McPherson says there haven’t been any long-term contracts signed since Japan’s Fukushima disaster in 2011, and while the signing of contracts should have started again recently, delays in the U.S. over the trade act’s Section 232 petition have put some contract negotiations on hold. Nevertheless, he points to the industry’s strong fundamentals. China plans to more than double its reactor fleet over the next decade, while India, Saudi Arabia, United Arab Emirates, Russia and Ukraine all plan substantial reactor buildouts that will need new sources of fuel. At the same time, demand on global energy grids will require orders of magnitude of growth in nuclear to meet decarbonization targets, he says. He says there has been material supply rationalization from Cameco, Kazatomprom and other producers. Last year, more than 25 million lb. U3O8 of aggregate supply came out of the market, equating to 18–20% of global mined supply. As for Arrow, “we could not have picked better attributes,” he says. “We’re right on the edge of the Athabasca basin, and it was thought there couldn’t really be basementhosted uranium mineralization there, so we thought we’d find unconformity-hosted deposits,” he says. “The fact that we found this size and grade in the basement rock, 155 km away from the closest town, and right off a provincial highway with no surface water and no underground issues with water flow or rocks, and completely vertical and with very clean metallurgy — well, a good mine would have a few of those, but no mine in any commodity would have all those things going for it — not to mention, it’s in Saskatchewan in the middle of Canada, so it ticks all of the boxes.” NexGen holds over 260 sq. km of exploration ground in the southwest Athabasca basin. Colin Healey of Haywood Securities says the company is one of his top picks due to the “disruptive potential of the Arrow deposit, with its massive scale and strong economics. “We believe that it is critical for existing major producers to control this deposit because of its disruptive potential and that this is their only option to preserve the value of their existing deposits, and maintain their ability to affect price with production curtailments.” TNM

2019-06-04 8:31 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / JUNE 10–23, 2019

RNC updates large Dumont nickel-cobalt project BASE METALS

| Dumont would average US$201 million in free cash flow a year

BY TRISH SAYWELL tsaywell@northernminer.com

nce in production, Dumont would be one of Canada’s largest base metal mines and one of the top-five sulphide nickel producers in the world, RNC Minerals (TSX: RNX) says. The company has released an updated feasibility study on the fully permitted nickel-cobalt project, which contains the second-largest nickel reserves in the world (2.8 million tonnes, or 6.1 billion lb.), and the ninth-largest cobalt reserve (110,000 tonnes, or 243 million pounds). Dumont, 60 km northeast of Rouyn-Noranda and 70 km northwest of Val-d’Or in Quebec’s Abitibi region, would operate for 30 years as an open-pit mine producing 1.2 million tonnes (2.6 billion lb.) nickelin-concentrate. Using a US$7.75 per lb. nickel price and a US$25 per lb. cobalt price, the study estimates Dumont would average free cash f low of US$201 million per year. The mine would cost US$1 billion to build and put in production. On top of initial costs, expansion capital would require another US$601 million, and sustaining capital, another US$611 million, for total life-of-mine capital requirements of US$2.23 billion. Cash costs during the first phase (years one through seven) are estimated at US$2.98 per lb., and rise to US$3.30 per lb. in the second stage (years eight to 19), for an average cost of US$3.22 over the life-of-mine. All-in sustaining costs add up to US$4.19 per lb. in phase one and US$3.80 per lb. over the life-of-mine. The feasibility outlines a net present value at an 8% discount rate of US$920 million and 15.4% post-tax internal rate of return, based on nickel production in two phases. During stage one, nickel production in concentrate would reach 33,000 tonnes per year, expanding to 50,000 tonnes per year in phase two. The average nickel concentrate grade over the 30-year mine life is estimated at 29%, which is a relatively high grade, RNC says, and makes it suitable for alternative paths to market, such as roasting — rather than traditional smelting and refining — to feed the stainless steel industry, or convert to nickel sulphate for the battery market. After year 24, when open-pit operations would cease, 398 million tonnes of stockpiled mineralized material would support production for another six years. The concentrator will process run-of-mine or stockpiled ore, with a conventional mill made up of a primary gyratory crusher, semiautogenous grinding and ball mill, desliming, nickel flotation and magnetic separation of the f lotation tails. The nickel concentrate will get thickened and filtered on-site before shipping by truck or rail to market. Proven and probable reserves at Dumont add up to 1.03 billion tonnes grading 0.27% nickel, 107 parts per million cobalt, 0.019 gram palladium per tonne and 0.009 gram platinum per tonne, for 6.08 billion lb. nickel, 243 million lb. cobalt, 627,000 oz. palladium and 287,000 oz. platinum. Dumont is located next to a rail line and a highway, and has a power line with enough capacity for the project’s construction phase. The company would need

1-16JUNE10_Main .indd 13

An outcrop at RNC Minerals’ Dumont nickel-cobalt project, 60 km northeast of Rouyn-Noranda, Quebec. RNC MINERALS

to build a 6 km rail spur and a 10 km power line feed. The feasibility study improves upon its 2013 version through optimization in key areas, which include trolley assists on the main ramps that will trim cycle times and lower diesel consumption more than 35% (or 450 million litres over the 30-year mine life), and lower production rates during the pre-strip and first

THE PERFECT

GIFT

five years of operation. The study also includes concentrate roasting and conversion to ferronickel as the route to market nickel concentrate, and design improvements to tailings storage at mining rates for twice the milling capacity to speed up getting the highest-value ore to the process plant. In addition to nickel and cobalt, Dumont’s mineralized material

contains 44.9 million tonnes of magnetite at an average 4.37% grade. Test work in the earlier feasibility study found that 46% recoveries to a concentrate grading 63% iron could be achieved, and over the life-of-mine, Dumont could produce 24 million tonnes of magnetite concentrate, or 800,000 tonnes a year. Apart from Dumont, RNC Minerals owns 100% of the Beta Hunt

gold mine in Western Australia, where it recently found high-grade gold in the Father’s Day Vein. RNC expects to finish a 40,000-metre drill program at Beta Hunt and update the mine’s resource estimate shortly. At press time, RNC shares traded at 43.5¢ in a 52-week range of 7¢ to $1.18. The company has a $215-million market capitalization. TNM

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

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To order by phone, call toll-free: 1-888-502-3456 ext. 43702 For more information and to order online visit: www.northernminer.com/jk

2019-06-04 8:31 PM

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JUNE 10–23, 2019 / THE NORTHERN MINER

The preparation plant at Warrior Met Coal’s No. 4 met coal mine in Alabama. WARRIOR MET COAL

Warrior returns more capital to shareholders UNITED STATES

| Aims to bring third mine online in 2020

BY TRISH SAYWELL

tsaywell@northernminer.com

n March, Warrior Met Coal (NYSE: HCC ) approved a share buyback program of up to US$70 million of its outstanding common stock after exhausting a previous US$40-million repurchase program launched in May 2018. The metallurgical coal producer, with two underground mines in Alabama, also declared a special cash dividend in April of US$4.41 per share of its common stock for a total payment of US$230 million, funded from cash-on-hand. The special dividend — paid on May 14 — comes on top of the company’s regular quarterly cash dividend of US5¢ per share, paid to shareholders on May 3. The share buybacks and dividends follow Warrior’s US$126.4 million in cash flow from operating activities and US$96 million in free cash flow during the first quarter, and US$275.3 million in cash and equivalents at the end of March. The company’s net income of US$110.4 million, or US$2.14 per diluted share, came from total revenues of US$378.3 million, including US$369.7 million in mining revenues, consisting of met coal sales of 2.1 million tons (1.9 million tonnes) at an average net selling price of US$176.37 per ton. The average net selling price in the first quarter was US$176 per ton, compared with

Miners enter the cage to go underground at the No. 4 met coal mine. WARROR MET COAL

US$195 per ton in the same quarter of 2018. It also retired long-term debt of US$132 million, lowering the company’s annual interest expenses by US$10 million. BMO Capital Markets analyst David Gagliano raised his target price on the stock after the company’s first-quarter results to US$40 per share, up from his previous US$35 per share. Warrior’s shares are trading at

US$26.68 per share within a 52-week range of US$33.49 to US$20.88. The analyst recently spent two days in investor meetings in London with Warrior’s CEO, Walter Scheller, and chief financial officer, Dale Boyles, and said in a May 22 research note that the company “continues to be one of the most underappreciated stories in U.S. metals and mining.” “Looking for ideas? Here’s one,” Gagliano wrote. “A stock trading at

A continuous miner loads a shuttle car in Warrior Met Coal’s No. 7 mine in Alabama. WARRIOR MET COAL

1-16JUNE10_Main .indd 14

less than 4 times enterprise value/ earnings before interest, tax, depreciation and amortization that has paid out three significant special dividends in less than two years equivalent to ~70% special dividend yield, with nearly a 30% free cash flow yield at spot prices, a clean balance sheet, a high-quality product offering and a credible, conservative management team.” Warrior’s two mines, No. 4 and No. 7, southwest of Birmingham

near Tuscaloosa, are between 427 and 640 metres underground — making them some of the deepest vertical shaft coal mines in North America. The company expects its Blue Creek project will be fully permitted and shovel ready by early 2020. In Warrior’s first-quarter conference call on May 1, Scheller described the project as “one of the few remaining untapped reserves of premium, highvolume, ‘A’ met coal in the United States.” Initial work has focused on the feasibility of a single longwall operation with annual production of up to 3 million tons (2.7 million tonnes), with a capex of US$550 to US$600 million over five years. “Our strong balance sheet and significant free cash-flow generation will provide us flexibility if we decide to pursue our Blue Creek development project next year,” Boyle said on the conference call. The company serves markets in the U.S., Europe, Asia and South America by barge and rail access to the Port of Mobile. Warrior has the capacity to mine 8 million tons (7.3 million tonnes) of coal a year from more than 300 million tons (272.2 million tonnes) of recoverable reserves. In the first quarter, 53% of sales went to Europe, 21% to South America and 26% to Asia. For all of 2019, Warrior expects coal production and sales of between 7.1 million and 7.6 million tons (6.4 million tonnes and 6.9 million tonnes), and cash cost of sales free-on-board port of US$89 to US$95 per ton. “With the expectations of global steel production volumes at or near 2018 levels, coupled with the absence of material changes in the supply of hard coking coal, we believe the demand for our premium products will remain consistent throughout the year,” Scheller told analysts and investors on the conference call. “We recognize that certain economic indicators — such as the potential slowdown in regional gross domestic product growth rates, as well as a reduction in steel demand in Europe — have the potential to create a softer pricing environment for hard coking coal. However, barring any unforeseen material event, we believe the fundamentals should remain relatively healthy for our markets.” TNM

2019-06-04 8:31 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / JUNE 10–23, 2019

Avoid becoming ‘roadkill’ on the road to resources, Bill Gallagher advises INTERVIEW

| Aligning agendas with Indigenous Peoples the only way forward for resource developers

BY JOHN CUMMING

jcumming@northernminer.com

trategist, lawyer and author Bill Gallagher is an expert on Canada’s Indigenous Peoples and their land rights, and how they relate to resource development in the country. Based in Waterloo, Ont., Gallagher is the author of two popular books on the topic: the recently published Resource Reckoning: A Strategist’s Guide from A to Z and the 2012 milestone Resource Rulers: Fortune and Folly on Canada’s Road to Resources. In this interview, he touches on topics that include: the legal framework underpinning Native land rights in Canada; the 279-decision “winning streak” of Aboriginal groups in Canadian courts with respect to land-rights cases; and tales from his days as an advisor to Inco, as it negotiated with Innu and Inuit groups near its Voisey’s Bay nickel project in Labrador. The following is an excerpt from a two-part interview that can be heard in episodes 138 and 139 of The Northern Miner Podcast, available at www.northernminer.com/podcast. The Northern Miner: Your first book “Resource Rulers” in 2012 dealt with what you describe as a winning streak in Canadian courts for Native groups in relation to resources. What is the message of the new book and your motivation in writing it? Bill Gallagher: I’m trying to get the word out that we are turning a corner into a darker place. The concept I’m promoting now is the word “retrenchment” — it’s as if many jurisdictions have given up on trying to work these issues out and are basically going back in time. We’re just at the cusp, where there are solutions for this, and we shouldn’t give up. But a lot of provinces are bailing on this stuff and things are just going to go into a big, decade-long holding pattern. That’s pretty much what I’m predicting for the next decade here in Ontario, and maybe in Alberta as well, certainly in Manitoba. There are movements afoot that would indicate that the governments are going to try to run it as “my way or the highway.” That just does not work on the road to resources. TNM: If we could take a step back and look at the fundamental legal framework that has been built in Canada with respect to Indigenous communities: there is Confederation in 1867, the Indian Act of 1876 and then we have these treaties. A lot of Canadians may not realize that you can look at a map of Canada and see all the provinces and territories, but there is a lesser known map of Canada showing treaties across most of Canada that have been set up between Aboriginal communities and the federal government, and then almost no treaties in British Columbia. Can you explain the framework that has been built and the validity of that framework? BG: It comes from the way the country was, in a way, conquered. Natives weren’t conquered, but certainly there were wars of conquest between the English and the French. And in Eastern Canada, where those wars played out, the victors, the British, did not want

1-16JUNE10_Main .indd 15

A map of Canada showing the numbered treaties between the federal government and Native communities, and the years they were signed. WIKIMEDIA COMMONS

“THAT GUY ON THE BACK OF THE SKIDOO, I’VE SEEN IT, THEY CAN OUT-NEGOTIATE BAY STREET NINE TIMES OUT OF TEN.” BILL GALLAGHER STRATEGIST, LAWYER AND AUTHOR

to spark an uprising with Natives, having just beaten the French. So they signed treaties that basically said, “These do not impact your land rights. These are peace and friendship treaties. They’re not land treaties.” Down in the Maritimes, we just had an announcement in May where Minister Carolyn Bennett dropped into Elsipogtog, Bouctouche, it’s called, and there now is a land claim and treaty negotiations going on for one-third of the province of New Brunswick. They’ve come up with some terms of reference. But that goes right back to 1755. And so those treaties left the land issue as unfinished business. TNM: How were these treaties first struck? BG: As the country started to get settled, there were what I would call typical numbered treaties where, as the settlers moved from east to west, those treaties got done just in a matter of years before the settlers arrived. In some cases in Ontario, they would run into railway crews all the time they were negotiating their treaties. It was designed to make way for colonists, the settlers, and when they ran into the Rocky Mountains, they stopped doing those types of treaties — it’s as simple as that. It was only as a result of the Klondike gold rush that the northern treaties got done, and that was to spur access to the goldfields. So the treaty map of Canada is very much a product of the history that we’re taught, and because we’re so unique with the French fact, there are the two versions of Canadian history: there’s the English, the victor’s version; and there’s the French version that is

best encapsulated in their licence plate, “Je me souviens.” And I’m coming along and basically saying, “Hey, there’s a third version.” As Canada has gotten more and more complex in the resources sector, I’m saying you don’t have to necessarily believe the third version, but you should be aware of it. And if you put it in the mix, I’m able to make predictions based on the fact that you can connect more dots on what’s happening on a given project if you apply the Native lens, the Native version of history, and the socio-economic impacts that are playing out. And I stand by that. That’s the big thing that I’ve proven, is that there’s this third way of looking at things, and in fact, it’s sometimes the most elucidating way of understanding things. TNM: Since the patriation of the constitution in 1982 in Canada, what milestones would you say are there in the legal sense with Aboriginal groups and their land rights? BG: The biggest change is in fact not a legal concept. The biggest change is that the traditional knowledge and the lore, the folklore, has become as relevant as hard factual evidence when it comes to negotiating with First Nations. The quip I would use is: that guy on the back of the skidoo, I’ve seen it, they can out-negotiate Bay Street nine times out of ten. That’s the lesson for the legal community. It’s just beyond the ability of the legal community to process the fact that some guy can get off a skidoo and carry the argument. But you have to be open to that if you want to be able to even present your side of the story. They have an important way to present their

evidence. Their traditional knowledge is constantly being firmed up by modern science. When a group of scientists from Quebec spent the summer traipsing around following the caribou with the northern Innu, they were met with reporters getting off the plane, and they said they were humbled by the experience of what they learned from the elders. And these were all serious veterinarians and researchers. This is the big lesson for our lawyers, is to show humility on all that stuff that you don’t know, because none of it is taught in law school. TNM: You don’t quite say people are working in bubbles, but you throw together a bunch of people: PR firms, what you call the “bought media” or the business media, corporate law firms, advisory firms, academic lawyers, think tanks, the GTA Toronto crowd. BG: Yeah, they don’t stack up. TNM: You have withering criticism of that group. BG: The question is: How do they stack up? They don’t. It’s just a sad fact that when a project gets in trouble, this is the group that is typically turned to, and that’s because the responsible governments want to keep control, and so they go to a former judge or a former politician. You know, nothing too radical is going to happen and nobody’s going to be embarrassed. Basically, this is just more process, with very little substance. And typically those projects just peter out, and nobody comes out ahead. I call it the roadkill on the road to resources. Yes, I’m tough on that, I’m tough on think tanks. The premise of all of this stuff is that people are in silos and silos kill projects. TNM: An easy first step out of the silo would be reading your two books. And what other things can people do to get out of their silos?

BG: This is why my second book is much edgier. The situation now has gone beyond where all the middle ground was manageable. There’s a fair amount of hardening of attitudes on both sides now as a result of the winning streak, the rise of Native empowerment, the merging of the eco-activist agenda with the protectors of Mother Earth. Now it’s much tougher to find middle ground where a project has run afoul of eco-activists or Native activists. I’m at the point now where I’m basically saying this is our last chance to pull things back and to salvage these projects, because now people are so empowered that they’re holding out for some substantial fundamental change in the way this country is run. And as we’re finding out, that’s not going to happen. Like when Jody Wilson-Raybould exited her portfolio in the Justice Department, the window closed on what I would call a significant rapprochement on acknowledging Native rights in a fundamental way that could have been a breakthrough. It’s the biggest missed opportunity since I’ve been following these issues for the last 25 years. It turns out in my world, Jody Wilson-Raybould’s biggest fight was not about SNC-Lavalin. She had all the laggards in the Department of Justice boxing her in on her Indigenous rights framework, and that spilled over into the Prime Minister’s Office and the Privy Council Office. In fact, when she met with the Clerk of the Privy Council over lunch to discuss things, the SNCLavalin issue only came up at the end. The bulk of the discussion had to do with what’s not happening on her Indigenous rights framework. TNM: You described the Stephen Harper era as “systemic stagnation” — can you expand on that? BG: Yes. I certainly don’t mean to demean Stephen Harper. He’s deserving of a lot of respect for a See GALLAGHER / 16

2019-06-04 8:31 PM

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Avoid becoming ‘roadkill’ on the road to resources, Bill Gallagher advises became something that First Nations members were prepared to initial, then the land claim deals, the deals with the province, the deals on revenue sharing, they just came bang, bang, bang, after the breakthrough with First Nations. That’s where I proved the formula that First Nations are indeed gatekeepers — resource gatekeepers. They are far more important. If you have got a limited budget, if you’re a prospector and you can afford a trip to St. John’s or plane ticket to Labrador, I can tell you flat out, go to Labrador, that that’s a far more important business visit than the one to St. John’s.

GALLAGHER From 15

lot of his policies. But on the Native file, he simply had a deaf ear or was tone deaf to what was going on in the country. The bulk of the Native legal winning streak happened on his watch and it was right out of the script by his government. So that 10-year period, I call it systemic stagnation, where there was this level of frustration. Justin Trudeau comes along, he’s aware of all of this, but he tended to overpromise, and now he’s finding out that the promises have all gone up in smoke. I still think he was well-intentioned. He might’ve even had been a bit naive, but now he’s running out of gas too. None of his policies have crossed the finish line coming up to a federal election. The only policy that’s still even in play is Romeo Saganash’s bill on the United Nations Declaration of Indigenous Rights, and that was a private-member NDP bill, which the Liberals co-opted and backed. But apart from that, everything else is dead. TNM: You are a strategist as well. It’s a funny thing, in the previous election with NDP Leader Thomas Mulcair, his speaking points were often right out of your book “Resource Rulers.” BG: As it turns out, out of the blue, Thomas Mulcair invited me to come to Montreal in late May to give a keynote lecture at the University of Montreal. He was greatly moved by “Resource Rulers.” He had me out to give a presentation to his entire caucus in Edmonton on my research prior to the last election. He had the best platform. The Liberals stole it, holus-bolus, and in the energy debates leading up to the election where the three leaders were debating, he actually referred to the concept of “Resource Rulers” in one of his answers. I’m an independent researcher, so it just shows that one person

TNM: And these deals have stood the test of time. Vale’s Voisey’s Bay nickel-cobalt-copper mine in Labrador. VALE

can make a difference in how the country works and how the media works. He was a breakthrough for me and “Resource Rulers.” He found it useful and basically the NDP still are probably the most practical in terms of having solutions on how to solve this problem, and I’m going to tell you what his solution would have been. Had he become Prime Minister, he would have put a Native secretariat directly in the Prime Minister’s Office to feed in on all issues dealing with resources. Instead, we didn’t have that under Trudeau. We had a clerk and a couple of back-room operatives that called the shots, and we now know how that worked out for everybody. TNM: You’re not just on the sidelines commenting. You were an advisor to Inco with the Voisey’s Bay nickel-cobalt mine development in Labrador. Could you speak about that? This was something that worked out very well, and the mine has been running ever since basically problem-free. BG: They’re even going under-

ground now. TNM: Could you talk about your whole experience advising with the First Nations there? BG: I can say this: I rail against the GTA and former politicians and deputy ministers because that was the first team that went in, brought in by Inco, and based on that file in St. John’s. And I literally had to wait them out. Every one of them had to end up in a career-ending train wreck before things got so bad that this guy back in Ontario who had been pestering them came clearly into focus. And I had my chance to join the team. Walking up the steps of their office building, I said to the CEO, “I know you’ve just had the office shut down and everybody sent home. Where should I pick an office?” He said, “Well, you’ve got two floors to pick from. I don’t want you beside me, but you can find somewhere not too far away.” That’s how bad things were on Inco’s Voisey’s Bay file. The provincial government went on to run two provincial elections

back-to-back. One of the mantras was, “Leave it in the ground, boy,” and they ran these radio programs, VOCM every morning, slagging Inco. It turns out that had the Muskrat Falls strategists followed the lessons learned from Voisey’s Bay. They wouldn’t have stepped into it on their own hydroelectricity project. So Voisey’s Bay is paying the bills down there in Newfoundland. Muskrat Falls is a boondoggle, according to the CEO, and the offshore oil play has yet to return the revenue levels that Newfoundlanders were expecting, or hoping for. At Voisey’s Bay, it took two years to win the trust of the two Native groups. One was Inuit, the other was Innu. But once we got their public affirmation that they would do business with Inco and that we could have access to the site, it was like a dam had broke. When I give presentations on this, I bring the newspapers with me and basically say, “Here are the two years of wandering in the desert, working, meeting at carousels at airports, and trying to get an [impact and benefits agreement] firmed up. But once we did that, when that

BG: They have, and First Nations leaders now speak glowingly of the history of Voisey’s Bay. It’s a lot of selective memory at work. But that just goes to show: that’s your insurance policy if you’re a resource promoter or developer. If you’re looking for regulatory certainty and insurance, Indigenous Peoples are the only persons that can provide it. I have this grid that I use in my presentations where I have all the other players who have an agenda at work. There are eco-activists, church groups, Amnesty International, and right through to provincial and federal governments, the environmental assessment review, other stakeholders. And I postulate the theory that whoever aligns with Natives, whoever merges their agenda, will secure that particular outcome of the project, for or against. So if the eco-activists get there first and merge their agenda, your project is at much more risk. It looks like a spider web, and that spider web theory has proven the test of time. Basically as a strategist, I strongly counsel that the proponent merge its agenda with the First Nation as a starting point. That’s the critical point of departure. TNM

Success starts with orebody quality, Barrick’s Bristow says BRISTOW From 8

hysterics around the Barrick-Randgold merger, I don’t think that’s appropriate for a global leader in mining — which it still is, by the way. When you look at Canada and its mining history and Barrick, it has underinvested in Canada. What’s interesting is that Canada — like we have seen in Australia — can still deliver great deposits if they changed focus from prospecting to exploration. I’m excited about some of the opportunities. We’ve got a dedicated team focused on generating new opportunities in Canada. I don’t think there is any reason for us to back off from that strategy. TNM: What do you think Barrick is going to look like in the next five

or 10 years, and the gold industry in general? MB: Barrick will probably be one of the few that have delivered on their plans. The industry is in decline. We have got ourselves into a really tight spot because we haven’t invested in exploration and our future. Now, when you look at the average life-of-mine, it’s less than the time it takes to discover and develop a world-class asset. The supply side of our industry is very tight. The demand side … and I disagree with some of the talk presenters here today, in that gold is an inelastic industry just like everything else. When we overdid the hedging and dumped twice as much gold into the market than we were actually producing, the gold price went

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to US$255 an ounce. We stopped doing it, and it started going up. The Chinese started buying gold, and it went even further. Then all we did is we took lower and lower grades, and produced more and more gold, and we put a roof, a ceiling on the gold price, and we have driven it down since then to a point now where we are staring at tightening in the market. This world has never been more chaotic economically than it is today. And we have seen central banks particularly, and people don’t want to have to transact through New York anymore, and that controls any transaction in the world. People are searching for alternate reserve currencies, and gold will play a natural role in that, as it has done since the beginning of time. So I’m very bullish about the gold market, and I intend to have a business with a large margin to benefit on that. The industry is going to be great. The consolidation we have seen in the last while is important, and we’ve got to become relevant. All our investors get more and more money with more and more challenges to try to invest them in our industry, and have some sort of relevant exposure in their portfolio. We have to be bigger, and we have to be more focused on returns if we’re going to attract investment in our industry. We’ll see that, as everyone has recognized it’s important to work towards maintaining our relevance.

I would then add: Canada has a huge role to play on it. It has got the best mineral diplomacy network in the world, and it influences emerging markets. It has got so much to offer the industry. We just need courage and commitment to continue to do that. TNM: Apart from Barrick, are there any other mining companies that you would invest in? MB: Look, if I was going to invest in a mining company, I’d buy it. TNM: Do you think it’s important that a mining company be led by a geologist or a mining engineer? If you look at the success stories, there’s Ross Beaty who is a geologist, there’s Lukas Lundin, and of course, some would argue that Barrick in its heyday historically was under the guidance of Bob Smith, who was a mining engineer. MB: Yeah. The important thing is you have got to be hard-assed with a long-term vision, and usually that comes with being an engineer of some sort. But it’s very important that any decent mining company should have geologists and mining engineers at the top of their organization. What I would advise against is that you don’t want too many of those in the board, because this is the confusion in the industry. We confuse ourselves and we get old mining engineers with antiquated

views in a board setting trying to tell young, agile engineers how to run the mines in a modern world. More and more as we’ve messed up in our industry, fund managers — who have never by the way run mines — keep telling us how to organize our industry. But what we need is top, visionary, disciplined global business people overseeing us as managers and in our board. You should be long on mining expertise in the company. And if you don’t do what you say you’re going to do repeatedly, then you shouldn’t be running these companies. That’s the point about our industry — we’ve got to get more real. I’ve come upon this whole debate about employment and remuneration and that. We want to run, you know, billion-dollar, multibilliondollar companies, and I see all this squabble over 10 million or 5 million. We want the best leaders in this industry to take control of our companies and deliver massive returns, and we should pay them for that. And we should give young people the opportunity to aspire, to be up there with the best, to create wealth for our shareholders and themselves. If we do that and liberate ourselves, and be more accountable, we will do better. — For the full interview, listen to episode 140 of The Northern Miner Podcast at www.northernminer. com/podcast.

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M A R K E T N EWS TORONTO STOCK EXCHANGE / MAY 27–31 The U.S.–China trade dispute continued to rattle investor sentiment, with the S&P/TSX Composite Index down 1.19% to 16,037.50. The bleak trade outlook also put pressure on base metals while lifting gold. The S&P/TSX Global Base Metals Index fell 1.54% to 87.51, while spot gold rose 1.58% to US$1,304.90 per oz., and the S&P/TSX Global Gold Index increased 5.98% to 190.45. The start of commercial production at Agnico Eagle Mines’ Meliadine mine near Rankin Inlet in Nunavut sent the gold miner’s shares up $3.73 to $58.95. The mine achieved commercial production ahead of schedule and below the initial capital budget estimate in 2017 of US$900 million. Meliadine could produce 230,000 oz. gold this year at total cash costs of US$612 per ounce. The company forecasts total 2019 production of 1.75 million oz., with its Amaruq deposit on schedule to reach commercial production in the third quarter. Agnico acquired Meliadine in July 2010 and owns 100% of the 1,113.6 sq. km property. The board approved mine construction in February 2017. Shares of Newmont Goldcorp finished $1.80 per share higher at $44.64. The company announced first-quarter results, delivering net income from continuing operations of US$113 million, or US21¢ per diluted share, earnings before interest, tax,

depreciation and amortization of US$687 million, and free cash flow of US$349 million. The company produced 1.23 million oz. gold in the three months ended March 31 at gold costs attributable to sales of US$701 per oz., and all-in sustaining costs of US$907 per ounce. Newmont Goldcorp ended the quarter with net debt of US$0.8 billion, and US$3.5-billion cash-on-hand. The company expects attributable gold production this year of 5.2 million oz., and 4.9 million oz. in 2020. Results from the first diamond drill hole of its early 2019 drill program at its South West deposit, 110 km east of Timmins, Ont., sent Moneta Porcupine’s shares up 30% to 13¢ apiece. Drill hole 19-116 on the West Block target extended mineralization 500 TSX MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Turquoise HIl TRQ Avalon Advance AVL Stornoway Diam SWY B2Gold Corp BTO Barrick Gold ABX Kirkland Lake KL First Quantum FM Nemaska Lith NMX Kinross Gold K Suncor Energy SU

68783 36491 23753 20896 19739 19258 18733 18549 18417 17010

1.69 1.47 1.60 + 0.07 0.17 0.07 0.12 + 0.05 0.04 0.02 0.03 + 0.01 3.71 3.24 3.69 + 0.38 16.85 15.72 16.81 + 0.78 46.94 42.18 46.75 + 2.03 10.18 9.68 9.84 + 0.02 0.33 0.27 0.28 - 0.05 4.47 4.18 4.42 + 0.20 42.93 41.04 41.65 - 0.16

metres west of the Southwest deposit, and intersected four mineralized veins outside of the 2019 mineral resource estimate. The hole returned 6 metres grading 12.22 grams gold per tonne, including 3 metres of 19.93 grams gold, including 1 metre of 27.50 grams gold starting from 274 metres downhole. The West Block area occurs in the same geological setting as the South West deposit, but was not included in the recent resource update

for South West, which contains 2 million indicated tonnes grading 4.63 grams gold per tonne for 298,800 oz. gold, and 5.6 million inferred tonnes of 4.21 grams gold for 755,800 oz. gold. The company’s fully funded program at South West, part of the Golden Highway project, consists of up to 10,000 metres to extend the Gap veins and test the continuity of mineralized structures in the West Block area. TNM

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AVL SWY BKI SGQ ME GMO ELD YRB GLO TMR SAU ASO SOP PCY CNT EOX SOLG NMX LVN KRN

36491 23753 6643 6 2593 41 6625 1858 942 1023 152 6 2292 349 21 80 157 18549 3271 47

0.17 0.04 0.09 0.17 0.14 0.57 5.14 0.03 0.50 6.23 0.03 1.65 0.08 0.19 0.20 0.10 0.62 0.33 0.12 0.20

0.07 0.02 0.07 0.12 0.10 0.40 4.24 0.03 0.41 5.00 0.02 0.00 0.06 0.16 0.18 0.09 0.52 0.27 0.07 0.18

0.12 0.03 0.09 0.17 0.13 0.53 5.03 0.03 0.50 6.13 0.02 1.52 0.07 0.16 0.18 0.09 0.53 0.28 0.10 0.18

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

TSX GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Franco-Nevada FNV Agnico Eagle AEM Wheaton Prec M WPM Kirkland Lake KL Newmont Gdcorp NGT Nutrien NTR Seabridge Gld SEA SSR Mining SSRM TMAC Resources TMR Teck Res TECK.A Avesoro Res ASO Atalaya Mining AYM Dundee Prec Mt DPM Lundin Mng LUN Aura Minerals ORA Suncor Energy SU Orocobre ORL SRHI Sprott Res Hld Altius Mnrls ALS SolGold plc SOLG

71.4 50.0 38.5 32.0 30.0 29.3 20.6 20.0 19.0 19.0 20.0 19.6 18.8 18.4 18.2 15.0 14.5 14.1 13.6 12.5

VOLUME WEEK (000s) CLOSE CHANGE

2691 104.36 4893 58.95 5696 29.89 19258 46.75 852 44.65 6726 65.92 332 16.22 1195 15.78 1023 6.13 21 27.50 6 1.52 19 3.50 3423 3.74 8359 6.04 2 20.08 17010 41.65 182 2.99 265 1.35 199 12.03 157 0.53

+ 5.59 + 3.73 + 2.64 + 2.03 + 1.80 + 1.22 + 1.20 + 1.08 + 0.98 + 0.89 - 0.37 - 0.33 - 0.22 - 0.19 - 0.16 - 0.16 - 0.15 - 0.14 - 0.12 - 0.09

TSX VENTURE EXCHANGE / MAY 27–31 A high-grade gold discovery called the Bear–R imini zone at Great Bear Resources’ wholly owned Dixie project in the Red Lake district of Ontario drove up the company’s shares 91¢ to $3.84. Dr i l l hole 11 ret u r ned 194.21 g ra ms gold per tonne over 2 metres, including 759.38 grams gold over 1 metre starting f rom 58 metres dow nhole, a nd 12.33 grams gold over 14 metres, including 30.90 gra ms gold over 5 metres from 75 metres downhole. The Bear–Rimini zone is 2.5 km northwest of the project’s Hinge zone. The company has confirmed gold mineralization at the Dixie project along a 2.3 km strike of a 10 km target. Mining executive Rob McEwen owns 14% of the junior. G oldON Re s ou rc e s sig ne d a n op tion agreement to earn an initial 60% interest and subsequent 100% interest in Great Bear Resources’ West Madsen gold proper t y i n Onta r io’s Red L a ke d ist r ic t. T he proper t y is made up of two contiguous claim blocks — blocks A and B — each 6 by 3 k m for a total of 38.6 square k ilometres. Block A is contig uous w it h Pure Gold ’s Madsen project, which hosts two historic gold m i ne s : M a d s e n a nd St a r r at t O l s e n .

Great Bear will keep a 2.5% net smelter return royalty after GoldOn finishes the initia l 60% earn-in, a nd GoldOn has the right to buy back 1% of the royalty for $5 0 0, 0 0 0 b efore a ny pro duc t ion decision. In other news, the junior arranged a non-brokered private placement of 700,000 common shares at 45¢ per sha re a nd 4 0 0,0 0 0 f low-t h roug h common shares at 50¢ per share with qua lif ied investors to raise $515,000, which will help fund exploration and development work . G oldON’s sha res jumped 24¢ to 60¢ apiece. Shares of ML Gold climbed 15¢ to 75¢ on news that the company plans to update a 2013 preliminary economic assessment TSX-V MOST ACTIVE ISSUES

Ucore Rare Mtl Alexandria Min Atlantic Gold Aston Bay Canada Rare Gold Rush Cari Leading Edge Leeta Gold Geomega Res Arctic Star

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

UCU AZX AGB BAY LL GDBO LEM HIVE GMA ADD

9407 9234 7578 7190 6616 5561 5559 4908 4503 4493

0.34 0.03 2.90 0.11 0.11 0.09 0.35 0.67 0.23 0.07

0.14 0.03 2.84 0.08 0.07 0.08 0.16 0.54 0.15 0.06

0.27 + 0.03 unch 2.89 + 0.11 + 0.09 + 0.08 - 0.33 + 0.56 - 0.17 + 0.06 -

0.11 0.00 0.01 0.02 0.02 0.01 0.16 0.06 0.01 0.01

of its Block 103 iron ore project in the Labrador Trough of Newfoundland and Labrador. “Given the positive outlook and price of iron ore, and the attractive currency exchange rate for Canadian producers, t he compa ny is cu rrent ly communicating with engineering firms” to update the study, the company said. The 2013 study was based on a resource

estimate of 7.2 billion tonnes at 29.2% total iron, and premium iron ore pellet production. Metallurgical test results showed a 69.5% iron concentrate, 67% premium pellet product and a low strip ratio of 0.4 to 1. About $38 million has been invested in the project to date. Block 103 is 30 km northwest of Schefferville, Quebec. TNM

TSX-V GREATEST PERCENTAGE CHANGE

Green Valley M Chinapintza Mg Baroyeca Gold Leading Edge Golden Goliath Ucore Rare Mtl GoldON Res Canadian Engy Stroud Res I-Minerals Jayden Res Cliffmont Res Noble Metal Pac Imperial Freedom Egy Le Mare Gold Astorius Res Tri Origin Exp Rizal Res Castle Peak Mg

SCT CPA.H BGS LEM GNG UCU GLD CHEM SDR IMA JDN CMO.H NMG.H PPM FREE LMGC ASQ TOE RZL CAP

16 29 303 5559 1239 9407 242 595 54 300 534 223 2178 530 34 196 954 96 766 874

0.15 0.01 0.01 0.35 0.06 0.34 0.60 0.15 0.02 0.13 0.03 0.07 0.01 0.02 0.02 0.07 0.15 0.03 0.02 0.02

0.06 0.01 0.01 0.16 0.03 0.14 0.37 0.00 0.01 0.06 0.02 0.05 0.01 0.01 0.00 0.03 0.02 0.02 0.01 0.01

0.15 0.01 0.01 0.33 0.05 0.27 0.60 0.10 0.02 0.13 0.02 0.06 0.01 0.01 0.01 0.03 0.15 0.02 0.01 0.01

TSX-V GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

+ 172.7 + 100.0 + 100.0 + 97.0 + 80.0 + 68.8 + 64.4 + 53.8 + 50.0 + 44.4 - 57.1 - 52.0 - 50.0 - 50.0 - 50.0 - 45.5 - 40.0 - 33.3 - 33.3 - 33.3

VOLUME WEEK (000s) CLOSE CHANGE

Great Bear Res Chesapeake Gld GoldON Res Garibaldi Res Leading Edge Gold Reserve ML Gold Corp K92 Mining Golden Secret IsoEnergy Ltd Abitibi Royal Till Capital Hut 8 Mining Novo Res Delrand Res Astorius Res Xiana Mng Aurania Res Neo Lithium Archon Mineral

GBR CKG GLD GGI LEM GRZ MLG KNT TBRD ISO RZZ TIL HUT NVO KUU ASQ XIA ARU NLC ACS

1723 3.84 49 1.79 242 0.60 804 0.91 5559 0.33 13 3.45 1245 0.75 1388 1.75 141 1.60 1351 0.52 11 12.02 1 2.00 1297 2.19 903 1.88 221 0.45 954 0.15 24 0.50 41 3.44 264 0.70 17 0.51

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

0.91 0.25 0.24 0.20 0.16 0.16 0.15 0.15 0.14 0.13 0.23 0.20 0.19 0.18 0.12 0.10 0.10 0.09 0.09 0.09

U.S. MARKETS / MAY 27–31 Trade tensions between the U.S. and China drove the Dow Jones Industrial Average down 3.01% to 24,815.04, while the S&P 500 Index lost 2.62% to finish at 2,752.06. Spot gold rose 1.58% to US$1,304.90 per ounce. Shares of Buenaventura rose US64¢ to US$15.17. The company reported first-quarter results with net income of US$27.3 million, down from US$28.4 million in the first quarter of 2018, and revenues of US$186.2 million, down from the year-earlier quarter’s US$316.9 million. Earnings before interest, tax, depreciation and amortization came in at US$24.7 million compared to US$99.1 million in the same quarter a year ago, primarily due to lower metal prices and a reduction in volume sold at the company’s Orcopampa, Tambomayo and Uchucchacua mines, in addition to increased inventories of concentrate at Tambomayo. The approval by both sets of shareholders of Stillwater-Sibanye’s acquisition of Lonmin PLC lifted the former’s shares US62¢ to US$3.87. Once completed, the transaction will make the Sibanye-Stillwater group the largest primary producer of platinum and secondlargest primary palladium producer. “The rationale for the transaction remains compel-

18_JUNE10_MarketNews.indd 18

ling, and we are convinced the integration of Lonmin’s PGM assets with Sibanye-Stillwater’s adjacent PGM operations will ensure a more sustainable and positive future for all these assets,” said Neal Froneman, Sibanye-Stillwater’s CEO. The offer represented a value of 77.4 pence per Lonmin share and £226 million for the entire issued and to-be-issued ordinary share capital of Lonmin. Gold Fields reported a buyback of US$250 million of the outstanding 2020 notes at 102% of par, compared with a premium of 101.73% of par on May 24. The company says the rest of the 2020 notes ($600 million), due in October U.S. MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Vale* VALE 120810 12.96 12.02 12.47 + 0.45 Freeport McMoR* FCX 84239 10.30 9.47 9.71 - 0.37 United States S* X 68580 13.89 11.67 11.82 - 1.81 Barrick Gold * GOLD 60220 12.46 11.65 12.42 + 0.47 Newmont Gdcorp* NEM 44151 33.40 31.10 33.09 + 1.17 Cleveland-Clif* CLF 40321 9.47 8.46 8.70 - 0.61 Hecla Mining* HL 38283 1.42 1.21 1.31 - 0.08 Yamana Gold* AUY 37079 2.02 1.78 1.99 + 0.11 Chevron Corp* CVX 33195 119.32 113.72 113.85 - 4.86 Kinross Gold* KGC 32944 3.31 3.10 3.27 + 0.13

2020, is expected to be repaid from available cash and bank debt facilities. The buyback announced on May 27 was made possible by two new bonds in May — a US$500-million, five-year bond with a 5.125% coupon, and a US$500-million, 10-year bond with a 6.125%

coupon — raising US$1 billion at an average 5.625% coupon. The company plans to refinance its syndicated bank debt in the third quarter, and targets net debt reduction of between $100 million and $150 million in 2019. Gold Fields advanced 14.9% to US$4.46 per share. TNM

U.S. GREATEST PERCENTAGE CHANGE

Eldorado Gold* EGO Sibanye-Stillw* SBGL Gold Fields* GFI AngloGold Ash* AU Wheaton Prec M* WPM Pretium Res* PVG Alamos Gold* AGI First Majestic* AG Harmony Gold* HMY Seabridge Gld* SA United States S* X Alcoa* AA Mechel* MTL Cleveland-Clif* CLF Peabody Enrgy* BTU Hecla Mining* HL Chevron Corp* CVX CONSOL Energy* CEIX Freeport McMoR* FCX CONSOL Coal Rs* CCR

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

15621 3.81 3.05 3.72 + 19.6 13434 3.91 3.18 3.87 + 19.1 31577 4.55 3.83 4.46 + 14.9 13065 13.39 11.46 13.29 + 14.4 11219 22.26 20.08 22.10 + 8.9 5804 8.60 7.88 8.53 + 7.6 6539 4.92 4.40 4.87 + 7.5 14028 6.13 5.48 6.08 + 7.2 19333 1.80 1.57 1.78 + 7.2 1371 12.10 11.04 12.00 + 7.0 68580 13.89 11.67 11.82 - 13.3 15808 23.60 21.02 21.19 - 7.9 316 1.96 1.81 1.82 - 6.7 40321 9.47 8.46 8.70 - 6.6 4214 25.32 23.12 23.52 - 5.9 38283 1.42 1.21 1.31 - 5.8 33195 119.32 113.72 113.85 - 4.1 1209 27.74 25.60 26.22 - 3.7 84239 10.30 9.47 9.71 - 3.7 123 16.63 15.75 15.82 - 3.5

U.S. GREATEST VALUE CHANGE

Franco-Nevada* FNV Agnico Eagle* AEM Wheaton Prec M* WPM AngloGold Ash* AU Kirkland Lake* KL Newmont Gdcorp* NEM Seabridge Gld* SA Buenaventura* BVN Sibanye-Stillw* SBGL Eldorado Gold* EGO Chevron Corp* CVX Alcoa* AA United States S* X Black Hills* BKH Rio Tinto* RIO MartinMarietta* MLM Peabody Enrgy* BTU NACCO Ind* NC CONSOL Energy* CEIX Cleveland-Clif* CLF

VOLUME WEEK (000s) CLOSE CHANGE

2679 77.19 6173 43.59 11219 22.10 13065 13.29 7809 34.51 44151 33.09 1371 12.00 7719 15.17 13434 3.87 15621 3.72 33195 113.85 15808 21.19 68580 11.82 1793 76.20 15688 57.93 2660 210.50 4214 23.52 43 49.96 1209 26.22 40321 8.70

+ 3.65 + 2.45 + 1.80 + 1.67 + 1.26 + 1.17 + 0.79 + 0.64 + 0.62 + 0.61 - 4.86 - 1.82 - 1.81 - 1.78 - 1.78 - 1.62 - 1.48 - 1.46 - 1.02 - 0.61

2019-06-04 7:26 PM

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / JUNE 10–23, 2019

M E TA L S , M I N I N G A N D M O N EY M A R K E T S Tuesday, June 4, 2019 Precious Metals Gold Silver Platinum Palladium Base Metals Nickel Copper Lead Zinc

TSX WARRANTS

PRODUCER AND DEALER PRICES

SPOT PRICES COURTESY OF SCOTIABANK Price (US$/oz.) Change $1313.95 +32.45 $14.71 -0.16 $797.00 -9.00 $1336.00 +2.00 Price (US$/tonne) Change $11800.00 -67.00 $5893.00 +37.00 $1843.50 +36.00 $2471.50 +7.50

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 31, 2019 (change from May 24, 2019 in brackets): Aluminium Alloy 6380 (-420) Aluminium 1155025 (-53875) Copper 212000 (+26175) Lead 69700 (-2775) Nickel 158604 (-5454) Tin 3140 (+1555) Zinc 100800 (-1800)

Thermal Coal CAPP: US$40.00 per short ton Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$73.20 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$12.15 Cobalt: US$15.42/lb. Copper: US$2.65/lb. Copper: CME Group Futures July 2019: US$2.66/lb.; Aug.: 2019: US$2.66/lb Iridium: NY Dealer Mid-mkt US$1,460.00/tr oz. Iron Ore 62% Fe CFR China-S: N.A. Lead: US$0.81/lb. Molybdenum Oxide: US$12.46/lb. Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$2,820.00 tr. oz. Ruthenium: Mid-mkt US$261.00/tr. oz. Silver: Handy & Harman Base: US$14.54 per oz.; Handy & Harman Fabricated: US$18.17 per oz. Tantalite Ore : US$186.50/kg Tin: US$8.55/lb. Uranium: U3O8, Trade Tech spot price: US$24.30 per lb U308 Zinc: US$1.22/lb. Prices current June 3, 2019

NORTH AMERICAN STOCK EXCHANGE INDICES

52-week

Index May 31 May 30 May 29 May 28 May 27 High Low S&P/TSX Composite 16037.49 16089.24 16131.47 16297.46 16346.66 15527.30 12400.15 S&P/TSXV Composite 601.55 602.50 604.48 606.08 607.82 1050.26 883.52 S&P/TSX 60 961.89 965.62 968.29 978.08 980.60 896.74 709.99 S&P/TSX Global Gold 190.45 182.48 179.75 179.33 179.21 218.90 149.29 DJ Precious Metals 149.40 149.40 147.06 146.65 147.57 420.72 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of May 15, 2019 (with changes from Apr 30, 2019) Largest short positions Sandstorm Gold SSL 18093973 215027 4/30/2019 Nemaska Lith NMX 15312474 -318190 4/30/2019 Turquoise HIl TRQ 13969335 2768804 4/30/2019 Ivanhoe Mines IVN 12955748 314372 4/30/2019 New Gold NGD 10659747 1830283 4/30/2019 Yamana Gold YRI 9754496 280725 4/30/2019 Kinross Gold K 9270866 262089 4/30/2019 Copper Mtn Mng CMMC 8311140 40651 4/30/2019 Sherritt Intl S 6975850 231418 4/30/2019 Suncor Energy SU 6956773 -1095988 4/30/2019 Nexgen Energy NXE 6848783 113377 4/30/2019 First Majestic FR 6739250 -213639 4/30/2019 Barrick Gold ABX 6210122 -608905 4/30/2019 OceanaGold OGC 6042033 808654 4/30/2019 Lucara Diam LUC 5696182 82881 4/30/2019 Largest increase in short position TRQ 13969335 2768804 4/30/2019 Turquoise HIl First Mg Fin FF 3037398 1982767 4/30/2019 New Gold NGD 10659747 1830283 4/30/2019 McEwen Mng MUX 2513937 913767 4/30/2019 OceanaGold OGC 6042033 808654 4/30/2019 Largest decrease in short position Newmont Gdcorp NGT 1402229 -6370536 4/30/2019 Suncor Energy SU 6956773 -1095988 4/30/2019 Roxgold ROXG 988251 -988922 4/30/2019 Capstone Mng CS 2338989 -656701 4/30/2019 Barrick Gold ABX 6210122 -608905 4/30/2019

Short positions outstanding as of May 15, 2019 (with changes from Apr 30, 2019) Largest short positions First Cobalt FCC 2221589 19606 4/30/2019 Atlantic Gold AGB 1542363 333485 4/30/2019 Fission 3.0 FUU 1399145 574233 4/30/2019 Liberty One Li LBY 1320400 1300500 4/30/2019 Equinox Gold EQX 1297654 118466 4/30/2019 Leeta Gold HIVE 1169234 452222 4/30/2019 Novo Res NVO 1079312 -180586 4/30/2019 Cobalt 27 Cap KBLT 849575 -155902 4/30/2019 Amarillo Gold AGC 775000 39000 4/30/2019 Red Pine Expl RPX 527505 92506 4/30/2019 Colorado Res CXO 493325 492788 4/30/2019 Maple Gold MGM 465077 274765 4/30/2019 MacDonald Mns BMK 420000 370000 4/30/2019 Genesis Mtls GIS 397000 396500 4/30/2019 Sandspring Res SSP 369249 317797 4/30/2019 Largest increase in short position Liberty One Li LBY 1320400 1300500 4/30/2019 Fission 3.0 FUU 1399145 574233 4/30/2019 Colorado Res CXO 493325 492788 4/30/2019 Leeta Gold HIVE 1169234 452222 4/30/2019 Genesis Mtls GIS 397000 396500 4/30/2019 Largest decrease in short position Explor Res EXS 8948 -2293052 4/30/2019 Gold Finder Ex VENZ 73425 -871075 4/30/2019 92 Resources NTY 150000 -832636 4/30/2019 Focus Graphite FMS 27975 -529905 4/30/2019 GrowMax Res GRO 31104 -354896 4/30/2019

DAILY METAL PRICES Daily Metal Prices Date Jun 3 May 31 May 30 May 29 May 28 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1240/1220 1231/1240 1270/1240 1240/1180 1310/1260 Aluminum 1763/1788 1760.50/1787.50 1761.50/1786.50 1768/1796 1772.50/1803 Copper 5795.50/5819 5780/5817 5822/5852 5864/5888 5956/5975 Lead 1790.50/1797 1782/1798.50 1797/1812 1797/1809 1808/1823 Nickel 111855/11890 12035/12065 11975/12010 12030/12085 12230/12245 Tin 18950/18725 18855/18675 18850/18725 18960/18750 19425/19250 Zinc 2614.50/2473 2680/2529 2704/2547 2679/2530 2737/2574 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1313.95 1296.00 1276.45 1283.50 1283.90 Gold PM 1317.10 1295.55 1280.95 1281.65 1278.30 Silver 14.71 14.48 14.40 14.38 14.48 Platinum 800.00 791.00 791.00 796.00 804.00 Palladium 1340.00 1370.00 1345.00 1344.00 1342.00

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

Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry Nemaska Lithium Inc (NMX.WT) - Wt buys sh @ $1.5 to Jul 8/19 Northern Dynasty Minerals Ltd. J (NDM. WT.A) - Wt buys sh @ $0.55 to Jul 9/20 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21

ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share. American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share. Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share. Avino Silver & Gold Mines Ltd. (ASM. WT) - Wt buys sh @ US$0.2 to Nov 28/19 Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share.

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

Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22 Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry. Sherritt International Corporation (S.WT) - Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 20180062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22

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

NEW 52-WEEK HIGHS AND LOWS MAY 27–31, 2019 52 New Highs African Gold African Gold* Astorius Res Avalon Advance Avalon Advance* Avarone Metals Avarone Metals* Balto Res Braveheart Res Braveheart Res* BTU Metals Canada Rare Canada Rare* CANEX Metals Centurion Mnls Champion Iron Champion Iron* Clifton Mng* Commerce Res Commerce Res* Franco-Nevada Geomega Res Geomega Res* GK Resources

Global Atomic Gold Fields* Golden Goliath Golden Goliath* GoldON Res GoldON Res* Greenland M&En* K92 Mining Lynas Corp* Marathon Gold Marathon Gold* Maverix Metals Maxwell Res* Medallion Res Medallion Res* ML Gold Corp ML Gold* Newmont Gdcorp Rare Element* Rio Tinto* Semafo Talon Metals Texas Mineral* Tombstone Expl* Ucore Rare Mtl

Ucore Rare Mtl* Velocity Mnrls Velocity Mnrls*

96 New Lows Abacus Mining* Alcoa* Alio Gold* Almaden Min Almaden Min* Altura Mining* Amerigo Res Amerigo Res* Asanko Gold* Aton Resources* Avenira Ltd* Avino Silver Avino Silver* Azucar Min Azucar Min* Bayhorse Silvr Buffalo Coal * Canada Cobalt China Gold Int Coeur Mng* Compliance Egy*

CONSOL Energy* Critical Elem Delrey Metals Delrey Metals * Dolly Vard Sil Eastmain Res* Endeavr Silver* Entree Res* First Vanadium First Vanadium* Fortuna Silvr Fortuna Silvr* Freeport McMoR* Giga Metals* Glencore Plc* Gold Resource* Golden Arrow Golden Arrow* Gratomic Guyana Gldflds Hecla Mining* IAMGOLD IAMGOLD* Intl Lithium* Jaguar Mng

Lithium Chile Lithium Corp* Maple Gold* McEwen Mng McEwen Mng* Medinah Mnrls* Melkior Res MGX Minerals* Midas Gold* Monterey Min Montero Mg&Ex * Mosaic* Mountain Prov Mountain Prov* Noka Res* Novo Res Novo Res* Nrthn Vertex Orca Gold Osisko Metals* Pac Imperial Pacton Gold Pan Am Silver* Paramount Gold* Patriot Gold

Peabody Enrgy* Pine Cliff En* PolyMet Mng PolyMet Mng* Power Metals Power Metals* Pure Gold Mg Pure Gold Mg* Rain City Richmond Mnls* Ridgestone M’g Silver Bull Re* Skyharbour Res* Stellar Africa* Stuhini Explor Tinka Res Toachi Mg Inc* Trevali Mng Trevali Mng* Turquoise HIl Turquoise HIl* United States S* Uragold Bay Rs Yamana Gold Yamana Gold*

CANADIAN GOLD MUTUAL FUNDS Fund May 31 ($) May 24 ($) Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) 17.55 17.49 0.06 0.36 -2.48 2.80 97.54 AGF Glob Re A Fd MF BMO Prec Mtls Fd A 18.07 17.10 0.97 5.66 -3.64 2.40 53.09 BMO ZGD 42.91 40.21 2.70 6.72 0.24 0.61 87.47 BMO ZJG 44.37 41.98 2.39 5.70 -1.27 0.60 68.87 9.76 9.19 0.57 6.22 -0.36 2.45 39.03 CIBC Prec Metal Fd A Dyn Prec Metls Fd A 6.94 6.82 0.12 1.76 -0.92 2.71 316.13 10.51 10.05 0.46 4.54 3.13 0.60 Galileo GOGO Harvest HGGG 20.02 19.11 0.90 4.72 4.83 Horizons HEP 23.68 22.56 1.22 5.40 2.85 0.83 IG Mac GbPMetCl A 8.27 7.84 0.43 5.48 -1.19 2.75 27.70 11.91 11.23 0.68 6.05 -2.08 0.61 675.66 iShares XGD Mac Prec Met Cl A 43.37 41.10 2.27 5.51 -1.15 2.52 51.05 12.25 11.59 0.66 5.69 1.39 2.46 25.12 NBI PrecMetFd Invt NPT Gold&PrMinFdA 31.79 30.77 1.02 3.32 -3.72 3.04 NPT SilverEquCl A 4.35 4.18 0.17 3.99 -0.79 2.95 RBC GblPreMetFd A 31.91 30.53 1.37 4.50 -1.76 2.13 277.24 33.37 31.62 1.75 5.53 -4.58 2.46 207.25 Sentry Pre Met Fd A TD Prec Mtl Fd Inv 31.64 29.94 1.70 5.68 -1.01 2.27 98.19

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

May 31 May 30 May 29 May 28 May 27 1.3496 1.3496 1.3513 1.3492 1.3440 0.7410 0.7410 0.7400 0.7412 0.7441

Exchange rates (Quote Media, May 31, 2019) C$ to AUS C$ to EURO C$ to YEN C$ to Mex Peso C$ to SA Rand 1.0719 0.6656 81.2035 14.4373 10.9260 C$ to UK Pound C$ to China Yuan C$ to India Rupee C$ to Swiss Franc C$ to S. Korea Won 0.5876 5.1025 51.6276 0.7466 881.0725 US to EURO US to YEN US to Mex Peso US to SA Rand US to AUS 1.4466 0.8982 109.5855 19.1794 14.7271 US to UK Pound US to China Yuan US to India Rupee US to Swiss Franc US to S. Korea Won 0.7930 6.9019 69.9900 1.0076 1188.4800

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

19_JUNE10_MMMM.indd 19

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

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

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

GLOBAL MINING NEWS · SINCE 1915

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2019-06-04 4:34 PM

WWW.NORTHERNMINER.COM

JUNE 10–23, 2019 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: MAY 27–31, 2019 (100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

A 12 Exploration 30 21C Metals 346 21C Metals* O 71 66 Resources 20 92 Resources V 695 92 Resources* O 71 O 184 Abacus Mining* Abacus Mining V 218 V 753 Abcourt Mines Abcourt Mines* O 100 Aben Resources* O 780 V 1080 Aben Resources Aberdeen Intl* O 4 Aberdeen Intl T 467 Abitibi Royal* O 12 Abitibi Royal V 11 AbraPlata Res* O 235 AbraPlata Res V 1650 Acacia Mining* O 1 Adamera Min V 678 Adamera Min* O 738 Adex Mining V 89 Advance Gold V 106 Advantage Lith V 125 O 192 Advantage Lith* Adventus V 37 Adventus* O 8 Aethon Mineral V 75 AEX Gold V 38 Affinity Metal* O 1 African Gold* O 3 African Gold V 448 Aftermath Silv V 28 Aftermath Silv* O 30 Agnico Eagle T 4893 Agnico Eagle* N 6173 AgriMinco* O 5 Aguia Resource V 1787 Aguila Amer Gd V 0 0 Aguila Amer Gd* O AJN Resources 127 Alacer Gold T 2522 Alamos Gold T 2856 Alamos Gold* N 6539 Alaska Pac Egy* O 11188 Alba Minerals* O 3 Albert Mining V 463 Albert Mining* O 10 Alcoa* N 15808 V 54 Aldebaran Res Alderon Iron* O 14 Alderon Iron T 121 Aldever Res* O 0 Aldever Res V 4 Alexandra Cap* O 5 Alexandria Min* O 369 Alexandria Min V 9234 Alexco Res* X 731 Alexco Res T 198 Algold Res* O 4 Algold Res V 23 Alianza Min V 143 Alianza Min* O 1 Alien Metals* O 40 Alio Gold* X 792 Alio Gold T 352 Allegiant Gold V 90 Allegiant Gold* O 204 Alliance Mng V 1641 Alliance Res* D 2282 Almaden Min T 59 Almaden Min* X 547 Almadex Min* O 79 Almadex Min V 180 38 Almonty Ind * O Almonty Ind T 138 Aloro Mining* O 0 Aloro Mining V 269 Alphamin Res * O 105 Alphamin Res V 224 Altai Resource V 75 Altai Resource* O 8 Altair Res Inc* O 0 Altair Res Inc V 10 Altamira Gold V 61 O 0 Altamira Gold* Altan Nevada V 1650 Altiplano Met V 7 Altius Mnrls * O 118 Altius Mnrls T 199 Alto Ventures* O 90 Alto Ventures V 1440 Altura Mining* O 290 Alturas Min V 691 Altus Strat V 845 Alumina Ltd* O 119 ALX Uranium V 39 ALX Uranium* O 26 AM Resources V 21 Amador Gold V 132 Amani Gold* O 125 Amanta Res* O 0 Amarc Res* O 53 Amarc Res V 120 Amarillo Gold V 35 Amarillo Gold* O 399 O 340 Amazing Energy* Amer Intl Vent* O 90 American Batt* O 50 American Creek* O 95 American Creek V 657 American CuMo* O 124 American Lith V 131 American Lith* O 236 American Mang* O 190 American Mang V 132 American Pac 1088 American Pac* O 239 AmericanSierra* O 13 Americas Silvr* X 314 Americas Silvr T 174 Amerigo Res T 181 Amerigo Res* O 203 Amex Expl* O 32 Amex Expl V 122 Amilot Capital V 48 Amilot Capital* O 0 Amseco Expl V 0 Amseco Expl * O 0 Anaconda Mng T 525 Anaconda Mng* O 92 Anconia Res V 10 Andes Gold* O 47 Anfield Energy* O 75 Anfield Energy V 296 Angel Gold* O 30 Angel Gold V 293 Angkor Gold V 150 Anglo American* O 834 Anglo American* O 11 Anglo Pac Grp T 4 Anglo-Bomarc* O 5 AngloGold Ash* N 13065 AngloGold Ash* O 7 Antioquia Gold* O 7 Antioquia Gold V 12 Antler Gold * O 1 Antler Gold V 126 Antofagasta* O 45 O 0 Apex Res * Apex Res V 48 Appia Energy 247 Appia Energy* O 43 Applied Min* O 1412 Aquila Res* O 308 Aquila Res T 271 Arch Coal* N 1028 Archon Mineral V 17 Arctic Star* O 15 Arctic Star V 4493 Arcus Dev Grp V 283 Arcwest Explor V 220 Arcwest Explor* O 36 Arena Min* O 94 Arena Min V 274 Argentina Lith V 195

20-23_JUNE10_StockTables.indd 20

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(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Argentina Lith* O 5 Argentum Silvr V 55 Argentum Silvr* O 6 Argex Titanium T 1217 Argex Titanium* O 333 Argo Gold* O 17 Argo Gold 45 O 127 Argonaut Gold* Argonaut Gold T 1492 Arianne Phosph V 179 Arianne Phosph* O 151 Arizona Silver* O 67 Arizona Silver V 288 Armor Min V 45 Arrowstar Res* O 0 Asanko Gold T 289 Asanko Gold* X 1116 Asante Gold 55 Ascendant Res T 54 O 7 Ascendant Res* Ascot Res V 613 Ascot Res * O 197 Ashanti Gold V 439 Ashanti Sanko V 242 AsiaBaseMetals V 22 AsiaBaseMetals* O 2 Asian Mineral V 64 Aston Bay V 7190 Aston Bay* O 266 Astorius Res V 954 Astur Gold V 38 ATAC Res V 259 ATAC Res* O 80 Atacama Res* O 23360 T 19 Atalaya Mining Athabasca Min* O 70 Athabasca Min V 1041 Athena Silver* O 3 Atico Mining* O 73 Atico Mining V 71 Atlanta Gold* O 0 Atlantic Gold V 7578 Atlantic Gold* O 705 Atlas Cons Mng* O 1 Atlatsa Res T 711 Atlatsa Res* O 385 0 Atom Energy * O Aton Resources* O 136 Aton Resources V 50 2 Aura Minerals* O Aura Minerals T 2 Aura Resources V 417 Aura Resources* O 8 Auramex Res V 2560 Aurania Res* O 19 Aurania Res V 41 Aurcana Corp V 77 Aurcana Corp* O 4 V 1207 AurCrest Gold Aurelius Min V 957 Aurion Res * O 57 Aurion Res V 121 Aurora Royal V 3 AURYN Mining* O 1 T 396 Auryn Resource X 484 Auryn Resource* Aust Mines* O 222 Austin Res V 240 Austral Gold* O 2 Austral Gold V 203 Auxico Res 116 Avalon Advance T 36491 Avalon Advance* O 7528 O 193 Avarone Metals* Avarone Metals 7166 Avenira Ltd* O 24 Avesoro Res T 6 Avesoro Res* O 0 Avidian Gold V 33 Avino Silver* X 738 Avino Silver T 53 Avrupa Min* O 377 Avrupa Min V 423 Awale Res V 435 Axmin Inc V 346 Axmin Inc* O 370 Azarga Metals V 28 Azarga Metals* O 1 O 456 Azarga Uranium* T 1239 Azarga Uranium Azimut Explor V 55 Azimut Explor* O 37 Azincourt Ener* O 97 V 1738 Azincourt Ener V 7 Aztec Minerals Aztec Minerals* O 9 Azteca Gold* O 375 Azucar Min V 93 Azucar Min* O 106

0.05 0.03 0.03 - 0.00 0.27 0.03 0.18 0.17 0.18 + 0.01 0.33 0.10 0.13 0.13 0.13 unch 0.00 0.20 0.11 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.02 0.01 0.02 - 0.00 0.05 0.01 0.06 0.06 0.06 - 0.00 0.24 0.06 0.10 0.08 0.08 - 0.02 0.33 0.07 1.25 1.17 1.24 + 0.06 1.86 0.85 1.68 1.60 1.67 + 0.05 2.43 1.18 0.42 0.39 0.40 + 0.01 0.61 0.35 0.31 0.29 0.29 - 0.01 0.47 0.27 0.11 0.08 0.09 - 0.02 0.14 0.04 0.15 0.11 0.11 - 0.05 0.19 0.06 0.46 0.40 0.46 + 0.06 0.73 0.30 0.00 0.00 0.00 unch 0.00 0.09 0.00 0.82 0.75 0.81 + 0.02 1.63 0.75 0.62 0.55 0.60 + 0.01 1.26 0.55 0.05 0.04 0.04 - 0.01 0.08 0.03 0.40 0.36 0.40 + 0.03 1.16 0.35 0.32 0.30 0.30 unch 0.00 0.90 0.28 0.75 0.67 0.69 - 0.03 1.44 0.64 0.56 0.49 0.50 - 0.03 1.03 0.47 0.05 0.00 0.04 - 0.01 0.16 0.04 0.02 0.02 0.02 + 0.01 0.10 0.02 0.32 0.30 0.30 unch 0.00 0.40 0.12 0.20 0.20 0.20 unch 0.00 0.20 0.20 0.15 0.12 0.15 + 0.03 3.00 0.12 0.11 0.08 0.11 + 0.02 0.25 0.05 0.08 0.06 0.07 + 0.00 0.19 0.03 0.15 0.02 0.15 - 0.10 0.65 0.15 0.12 0.12 0.12 + 0.01 0.31 0.09 0.20 0.19 0.20 + 0.02 0.60 0.18 0.16 0.14 0.15 + 0.01 0.45 0.14 0.00 0.00 0.00 unch 0.00 0.00 0.00 3.50 0.00 3.50 - 0.33 4.65 2.88 0.44 0.40 0.41 + 0.01 0.53 0.11 0.60 0.52 0.58 + 0.06 0.71 0.15 0.02 0.00 0.02 unch 0.00 0.05 0.01 0.24 0.20 0.24 + 0.02 0.48 0.17 0.32 0.28 0.32 + 0.04 0.63 0.23 0.00 0.00 0.01 unch 0.00 0.04 0.01 2.90 2.84 2.89 + 0.01 2.90 1.40 2.15 2.07 2.14 + 0.01 2.17 1.07 0.84 0.84 0.84 unch 0.00 1.29 0.84 0.09 0.08 0.09 + 0.01 0.09 0.03 0.07 0.06 0.06 + 0.00 0.07 0.02 0.00 0.00 0.65 unch 0.00 0.65 0.00 0.03 0.02 0.02 - 0.01 0.08 0.02 0.03 0.03 0.03 unch 0.00 0.11 0.02 15.42 0.00 15.41 unch 0.00 16.50 1.00 20.21 20.08 20.08 - 0.16 24.80 14.60 0.05 0.04 0.04 - 0.01 0.15 0.03 0.03 0.03 0.03 - 0.01 0.05 0.01 0.05 0.04 0.05 unch 0.00 0.08 0.03 2.70 2.43 2.51 - 0.11 3.05 1.44 3.65 3.35 3.44 - 0.09 4.10 1.93 0.30 0.24 0.27 - 0.02 1.15 0.21 0.21 0.00 0.19 - 0.02 0.60 0.00 0.04 0.03 0.03 unch 0.00 0.04 0.01 0.03 0.03 0.03 - 0.01 0.07 0.02 0.95 0.68 0.70 - 0.02 1.63 0.57 0.98 0.90 0.95 - 0.02 2.15 0.70 0.07 0.00 0.07 - 0.02 0.11 0.06 0.62 0.00 0.57 - 0.05 1.80 0.05 2.16 1.98 2.10 + 0.08 2.34 1.14 1.60 1.44 1.58 + 0.10 1.75 0.85 0.03 0.02 0.02 + 0.01 0.33 0.01 0.02 0.02 0.02 - 0.01 0.02 0.01 0.03 0.00 0.03 - 0.01 0.40 0.00 0.07 0.06 0.07 + 0.01 0.10 0.05 0.15 0.14 0.15 + 0.01 0.27 0.12 0.17 0.07 0.12 + 0.05 0.17 0.05 0.13 0.05 0.09 + 0.03 0.13 0.03 0.08 0.06 0.08 + 0.02 0.08 0.02 0.12 0.08 0.11 + 0.03 0.12 0.04 0.01 0.01 0.01 unch 0.00 0.01 0.01 1.65 0.00 1.52 - 0.37 5.99 1.39 0.00 0.00 1.55 unch 0.00 3.47 1.55 0.14 0.12 0.12 - 0.02 0.68 0.12 0.45 0.39 0.44 + 0.02 1.34 0.39 0.60 0.53 0.60 + 0.03 1.75 0.53 0.02 0.02 0.02 - 0.01 0.10 0.02 0.03 0.03 0.03 - 0.01 0.13 0.03 0.10 0.09 0.10 + 0.01 0.17 0.06 0.57 0.50 0.53 + 0.01 0.66 0.11 0.40 0.00 0.37 - 0.02 0.50 0.09 0.10 0.00 0.10 + 0.01 0.16 0.08 0.07 0.00 0.07 - 0.00 0.11 0.05 0.18 0.15 0.17 - 0.00 0.24 0.15 0.24 0.20 0.23 - 0.01 0.32 0.20 0.36 0.31 0.32 - 0.02 0.52 0.22 0.25 0.24 0.24 - 0.01 0.38 0.17 0.04 0.03 0.04 - 0.00 0.09 0.03 0.06 0.05 0.05 unch 0.00 0.12 0.05 0.11 0.11 0.11 unch 0.00 0.29 0.11 0.10 0.09 0.10 + 0.01 0.18 0.09 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.30 0.26 0.29 - 0.01 1.20 0.26 0.22 0.19 0.20 - 0.01 0.93 0.19

B2Gold Corp T 20896 B2Gold Corp* X 22141 Balmoral Res* O 243 Balmoral Res T 753 Balto Res V 254 Bankers Cobalt V 1160 Bankers Cobalt* O 38 Bannerman Res* O 1448 Banyan Gold V 239 Bard Ventures V 10 Barkerville V 811 Barkerville* O 665 V 136 Barksdale Cap Barksdale Cap* O 43 Barolo Venture* O 0 Barolo Venture V 8 Baroyeca Gold V 303 Baroyeca Gold* O 2850 Barrian Mining V 1290 Barrick Gold T 19739 Barrick Gold * N 60220 Barsele Min* O 59 Barsele Min V 154 Batero Gold* O 0 Batero Gold V 508 Bayhorse Silvr* O 57 Bayhorse Silvr V 511 BC Moly V 11 BCM Res V 31 BE Res V 204 Bear Creek Mng V 87 Bear Creek Mng* O 63 Bearclaw Cap V 10 Bearing Lith* O 13 Bearing Lith V 92 Beauce Gold V 67 Bell Copper V 53 Bell Copper* O 80 Belmont Res V 4062 Belo Sun Mng T 247 Belo Sun Mng* O 172 BeMetals V 122 Benchmark Met* O 57 Benchmark Met V 1005 Benton Res V 569 Benton Res* O 3 Benz Mining V 112 Benz Mining* O 0 Berkwood Res V 546 Berkwood Res * O 170 Bessor Min V 82 Bessor Min* O 0 Bird River Res 270 Bitterroot Res* O 38 Bitterroot Res V 108 Black Hills* N 1793 Black Iron T 6643 Black Iron* O 147 Black Isle Res* O 2 Black Mammoth* O 3 Black Mammoth V 117 Black Sea * O 1 Black Sea V 42 Black Tusk Res 521 Black Tusk Res* O 15 Blackheath Res V 69 Blackrock Gold V 3775

3.71 3.24 3.69 + 0.38 4.40 2.77 2.75 2.40 2.71 + 0.24 3.35 2.10 0.09 0.07 0.08 + 0.01 0.19 0.07 0.13 0.11 0.12 + 0.02 0.23 0.10 0.15 0.07 0.07 - 0.02 0.15 0.05 0.03 0.02 0.03 + 0.01 0.15 0.02 0.02 0.01 0.02 + 0.00 0.12 0.01 0.04 0.03 0.03 - 0.00 0.06 0.03 0.04 0.04 0.04 + 0.01 0.09 0.04 0.17 0.00 0.17 unch 0.00 1.63 0.14 0.38 0.32 0.36 + 0.02 0.59 0.30 0.28 0.24 0.27 + 0.03 0.46 0.23 0.45 0.35 0.40 - 0.05 0.86 0.35 0.36 0.27 0.36 + 0.05 0.61 0.28 0.00 0.00 0.05 unch 0.00 0.19 0.01 0.27 0.27 0.27 unch 0.00 0.30 0.09 0.01 0.01 0.01 + 0.01 0.03 0.01 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.18 0.14 0.16 - 0.01 0.20 0.12 16.85 15.72 16.81 + 0.78 19.49 12.54 12.46 11.65 12.42 + 0.47 88.70 11.52 0.31 0.30 0.30 - 0.01 0.62 0.28 0.41 0.37 0.40 - 0.03 0.90 0.36 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.06 0.06 0.06 unch 0.00 0.08 0.06 0.06 0.04 0.06 - 0.00 0.14 0.04 0.07 0.07 0.07 - 0.01 0.18 0.07 0.04 0.04 0.04 unch 0.00 0.09 0.03 0.09 0.09 0.09 + 0.01 0.26 0.08 0.04 0.04 0.04 - 0.01 0.07 0.02 1.40 1.19 1.35 + 0.12 2.04 0.89 1.04 0.89 1.03 + 0.12 2.03 0.71 0.03 0.03 0.03 unch 0.00 0.05 0.03 0.15 0.14 0.14 - 0.00 0.80 0.02 0.20 0.19 0.20 + 0.01 0.36 0.19 0.13 0.11 0.13 + 0.02 0.29 0.07 0.10 0.00 0.08 - 0.02 0.15 0.05 0.08 0.07 0.07 - 0.01 0.12 0.03 0.02 0.01 0.02 unch 0.00 0.10 0.01 0.25 0.24 0.25 - 0.01 0.42 0.17 0.19 0.17 0.18 - 0.01 0.33 0.12 0.25 0.24 0.24 - 0.01 0.30 0.18 0.18 0.15 0.18 + 0.02 0.30 0.11 0.26 0.20 0.26 + 0.05 0.39 0.16 0.05 0.04 0.05 + 0.01 0.07 0.04 0.03 0.02 0.03 + 0.01 0.06 0.02 0.06 0.00 0.05 unch 0.00 0.11 0.05 0.00 0.00 0.05 unch 0.00 0.07 0.04 0.05 0.04 0.04 - 0.01 0.13 0.04 0.04 0.03 0.04 - 0.00 0.10 0.03 0.07 0.06 0.07 + 0.01 0.20 0.05 0.00 0.00 0.01 unch 0.00 0.01 0.00 0.02 0.02 0.02 - 0.01 0.10 0.02 0.03 0.02 0.02 - 0.00 0.09 0.01 0.04 0.04 0.04 unch 0.00 0.12 0.02 78.52 74.43 76.20 - 1.78 78.52 55.07 0.09 0.07 0.09 + 0.03 0.12 0.05 0.06 0.05 0.06 + 0.00 0.09 0.03 0.01 0.01 0.01 unch 0.00 0.03 0.00 0.04 0.04 0.04 unch 0.00 0.08 0.03 0.06 0.05 0.05 - 0.01 0.12 0.05 0.00 0.00 0.06 unch 0.00 0.07 0.01 0.08 0.00 0.08 unch 0.00 0.29 0.06 0.16 0.14 0.16 + 0.01 0.29 0.12 0.11 0.11 0.11 unch 0.00 1.06 0.11 0.02 0.01 0.01 unch 0.00 0.04 0.01 0.11 0.07 0.10 + 0.02 0.12 0.03

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Blackrock Gold* O 379 Blind Creek V 103 BLOX Inc* O 13 Blue Moon Zinc* O 18 Blue Moon Zinc V 344 Blue River Res V 282 Blue River Res* O 693 Blue Sky Uran* O 271 Blue Sky Uran V 905 Blue Star Gold V 690 BlueBird Batt* O 0 BlueBird Batt V 152 V 30 Bluenose Gold Bluestone Res* O 22 Bluestone Res V 112 Bold Ventures V 140 O 2457 Bonanza Gold* Bond Resources 5 BonTerra Res V 423 Boreal Metals V 104 Borneo Res Inv* O 1167 O 115 Bravada Gold* Bravada Gold V 134 Braveheart Res* O 13 Braveheart Res V 240 Bravo Multinat* O 53 113914 Brazil Min* O Brigadier Gold V 193 BrightRock* O 0 O 32 Britannia Mng* V 144 Brixton Metals Brixton Metals* O 56 Broadway Gold* O 34 Broadway Gold V 430 O 1232 Brookmount Exp* Bryn Res* O 106 BTU Metals V 2342 Buenaventura* N 7719 20 Buffalo Coal * O Buffalo Coal V 418 Bullfrog Gold* O 2023 Bunker Hill 0 BWR Explor V 60

0.08 0.06 0.07 + 0.01 0.08 0.02 0.05 0.05 0.05 + 0.01 0.17 0.03 0.15 0.15 0.15 unch 0.00 0.25 0.03 0.02 0.02 0.02 - 0.00 0.08 0.02 0.03 0.03 0.03 - 0.01 0.11 0.03 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.12 0.10 0.10 - 0.01 0.18 0.09 0.16 0.14 0.15 + 0.01 0.23 0.13 0.03 0.03 0.03 unch 0.00 0.04 0.02 0.00 0.00 0.18 unch 0.00 0.41 0.14 0.20 0.18 0.19 - 0.01 0.56 0.17 0.15 0.15 0.15 unch 0.00 0.33 0.09 0.81 0.72 0.72 - 0.00 1.16 0.65 1.16 0.00 1.05 + 0.10 1.60 0.85 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.00 0.00 0.00 + 0.00 0.00 0.00 0.17 0.17 0.17 unch 0.00 0.20 0.17 1.84 1.61 1.66 - 0.09 4.90 1.46 0.08 0.08 0.08 unch 0.00 0.20 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.06 0.00 0.06 - 0.01 0.09 0.04 0.09 0.07 0.07 - 0.02 0.11 0.05 0.12 0.12 0.12 + 0.00 0.12 0.05 0.19 0.16 0.19 + 0.02 0.19 0.06 0.62 0.46 0.59 + 0.06 0.95 0.02 0.00 0.00 0.00 + 0.00 0.00 0.00 0.14 0.14 0.14 unch 0.00 0.25 0.05 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.12 0.11 0.11 - 0.01 0.24 0.11 0.09 0.08 0.08 - 0.00 0.18 0.08 0.06 0.04 0.05 + 0.02 0.16 0.02 0.10 0.08 0.08 - 0.01 0.20 0.06 0.01 0.01 0.01 - 0.00 0.03 0.00 0.07 0.04 0.06 - 0.01 0.10 0.01 0.16 0.13 0.15 + 0.03 0.16 0.04 15.27 14.15 15.17 + 0.64 17.78 11.67 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.21 0.16 0.19 - 0.00 0.21 0.04 0.00 0.00 0.30 unch 0.00 13.20 0.30 0.04 0.04 0.04 unch 0.00 0.06 0.03

Cabral Gold V 23 Cache Explor V 964 Cadillac Vent V 248 Cadillac Vent* O 1 Cairo Res V 9 Caledonia Mng T 1 X 30 Caledonia Mng* Calibre Mng V 43 Calibre Mng* O 11 California Gld 182 O 66 California Gld* Callinex Mines* O 66 Callinex Mines V 280 Cameco Corp* N 9468 Cameco Corp T 3015 Cameo Cobalt* O 3582 Cameo Cobalt V 3431 Camino Min* O 901 Camino Min V 160 Camrova Res* O 2 Canada Carbon V 245 Canada Carbon* O 300 Canada Coal V 145 V 735 Canada Cobalt Canada Cobalt * O 29 Canada One* O 12 Canada One V 23 Canada Rare V 6616 Canada Rare* O 762 Canadian Engy V 595 Canadian Metal 95 Canadian Ore V 164 Canadian Ore* O 161 Canadian Prem V 18 O 0 Canadian Prem* CanAlaska Uran V 206 CanAlaska Uran* O 122 Canamex Gold* O 41 Canarc Res T 103 Canarc Res* O 53 Canasil Res V 162 Candelaria Mg* O 3 V 158 Candelaria Mg T 619 Candente Coppr Candente Gold* O 6 Candente Gold V 705 CANEX Metals * O 0 CANEX Metals V 2617 CaNickel Mng V 1 CaNickel Mng* O 5 21 Canoe Mng Vent V Canoe Mng Vent* O 0 Canstar Res* O 180 Canstar Res V 140 Canterra Mnls V 123 Cantex Mn Dev V 38 Cantex Mn Dev* O 13 Canuc Res V 290 Capstone Mng T 363 Caracara Silvr* O 0 Cardero Res V 55 Cardero Res* O 31 Cardinal Res T 129 Cariboo Rose V 36 Carlin Gold V 70 Carrara Explor 3604 Cartier Iron 117 Cartier Res V 217 Carube Copper V 57 Casa Minerals V 667 Casa Minerals * O 298 V 911 Cascadero Copp Castle Peak Mg V 874 Cautivo Mining 0 CellCube Enrgy* O 1385 CellCube Enrgy 2275 Centamin T 66 Centaurus Diam* O 31 Centenera Mng* O 0 Centerra Gold T 4098 Central Tim Ex V 235 Centurion Mnls V 2133 Century Cobalt* O 56 O 2 Century Global* Century Global T 21 Cerro Grande* O 20 Cerro Grande 82 Cerro Mng* O 0 Cerro Mng V 90 Ceylon Graph V 9 Chakana Copper V 209 O 118 Chakana Copper* Chalice Gold M* O 39 Chalice Gold M T 75 Champion Bear V 137 Champion Bear* O 60 Champion Iron T 8621 Champion Iron* O 136 Chatham Rock* O 0 Chatham Rock V 115 Chesapeake Gld* O 113 Chesapeake Gld V 49 Chevron Corp* N 33195 Chiboug Ind Mn V 609 Chiboug Ind Mn* O 357 Chilean Metals V 201 Chilean Metals* O 57 China Gold Int T 420 Chinapintza Mg V 29 Cicada Vents V 650 Cipher Res V 483 Clarmin Explor V 28 Cleghorn Mnls V 160 Cleveland-Clif* N 40321 Cliffmont Res V 223 Clifton Mng* O 159 Cloud Peak En* O 8404 CMC Metals* O 1 CMC Metals V 1 CMX Gold & Sil 55 CNRP Mng 272 CNRP Mng* O 180 Cobalt 27 Cap V 891

0.15 0.00 0.15 + 0.01 0.33 0.10 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.02 0.02 0.02 + 0.01 0.04 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.31 0.30 0.30 unch 0.00 0.42 0.24 7.49 7.23 7.48 + 0.16 12.26 6.63 5.64 5.41 5.64 + 0.20 9.48 5.01 0.52 0.48 0.51 + 0.03 0.75 0.30 0.41 0.35 0.35 - 0.06 0.55 0.03 0.65 0.58 0.61 - 0.04 0.79 0.37 0.49 0.44 0.46 - 0.04 0.59 0.13 0.05 0.04 0.05 - 0.01 0.20 0.04 0.07 0.06 0.07 unch 0.00 0.26 0.06 10.34 9.91 10.09 + 0.06 13.04 9.39 13.80 13.40 13.64 + 0.18 17.12 12.31 0.07 0.05 0.05 - 0.01 0.43 0.03 0.09 0.08 0.08 - 0.01 0.43 0.05 0.09 0.00 0.08 unch 0.00 0.18 0.07 0.11 0.10 0.11 - 0.01 0.25 0.09 0.01 0.00 0.01 + 0.00 0.08 0.00 0.13 0.11 0.11 unch 0.00 0.18 0.08 0.08 0.08 0.08 unch 0.00 0.13 0.00 0.03 0.02 0.02 unch 0.00 0.11 0.02 0.35 0.29 0.30 - 0.05 0.90 0.29 0.26 0.22 0.24 - 0.01 0.79 0.01 0.03 0.02 0.02 unch 0.00 0.10 0.02 0.03 0.03 0.03 unch 0.00 0.12 0.03 0.11 0.07 0.09 + 0.02 0.11 0.04 0.08 0.06 0.07 - 0.00 0.08 0.02 0.15 0.00 0.10 + 0.04 0.20 0.07 0.06 0.00 0.05 - 0.01 0.20 0.04 0.24 0.22 0.24 + 0.02 0.45 0.14 0.21 0.18 0.18 - 0.00 0.34 0.15 1.28 1.02 1.24 + 0.09 3.98 0.80 0.00 0.00 0.74 unch 0.00 1.15 0.08 0.25 0.21 0.24 + 0.02 0.45 0.21 0.19 0.16 0.17 - 0.00 0.35 0.16 0.05 0.02 0.05 + 0.03 0.11 0.02 0.05 0.05 0.05 - 0.01 0.07 0.03 0.04 0.03 0.04 + 0.00 0.05 0.02 0.06 0.06 0.06 unch 0.00 0.13 0.05 0.12 0.12 0.12 unch 0.00 0.52 0.12 0.23 0.00 0.23 + 0.06 0.85 0.15 0.06 0.05 0.05 - 0.01 0.10 0.05 0.02 0.01 0.01 + 0.00 0.04 0.01 0.03 0.02 0.02 unch 0.00 0.05 0.02 0.00 0.00 0.02 unch 0.00 0.04 0.02 0.10 0.03 0.07 + 0.01 0.10 0.03 0.00 0.00 0.07 unch 0.00 0.16 0.06 0.04 0.04 0.04 + 0.00 0.09 0.03 0.03 0.03 0.03 - 0.01 0.04 0.02 0.00 0.00 0.01 unch 0.00 0.02 0.01 0.03 0.03 0.03 unch 0.00 0.19 0.03 0.05 0.05 0.05 - 0.01 0.30 0.04 0.02 0.02 0.02 + 0.01 0.04 0.02 3.60 3.25 3.60 + 0.09 4.17 0.15 2.67 2.51 2.67 + 0.16 3.00 0.02 0.05 0.03 0.04 - 0.01 0.19 0.03 0.58 0.52 0.52 - 0.03 1.28 0.48 0.00 0.00 0.09 unch 0.00 0.14 0.06 0.04 0.00 0.04 unch 0.00 0.15 0.04 0.04 0.00 0.02 unch 0.00 0.11 0.02 0.36 0.34 0.34 unch 0.00 0.50 0.32 0.05 0.04 0.04 - 0.01 0.05 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.06 0.05 0.05 - 0.01 0.17 0.03 0.09 0.00 0.09 unch 0.00 0.13 0.07 0.12 0.11 0.12 + 0.01 0.19 0.11 0.04 0.00 0.04 - 0.01 0.09 0.04 0.15 0.10 0.10 + 0.02 0.24 0.09 0.09 0.09 0.09 unch 0.00 0.12 0.08 0.03 0.03 0.03 - 0.01 0.08 0.03 0.02 0.01 0.01 - 0.01 0.03 0.01 0.00 0.00 0.10 unch 0.00 0.39 0.08 0.09 0.07 0.07 - 0.01 0.42 0.06 0.12 0.10 0.10 - 0.01 0.54 0.09 1.54 1.44 1.54 + 0.05 2.34 1.39 0.19 0.18 0.19 + 0.01 1.00 0.05 0.00 0.00 0.02 unch 0.00 0.12 0.01 7.79 7.28 7.74 + 0.28 7.88 4.76 0.07 0.05 0.06 + 0.01 0.20 0.05 0.12 0.02 0.10 + 0.01 0.27 0.05 0.11 0.06 0.09 unch 0.00 0.20 0.00 0.16 0.16 0.16 unch 0.00 0.17 0.13 0.20 0.18 0.18 - 0.04 0.22 0.11 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.01 0.00 0.01 unch 0.00 0.02 0.01 0.00 0.00 0.09 unch 0.00 0.12 0.09 0.18 0.00 0.36 unch 0.00 0.42 0.26 0.15 0.00 0.14 + 0.01 0.20 0.12 0.37 0.35 0.35 - 0.01 0.80 0.25 0.28 0.26 0.27 + 0.01 0.62 0.19 0.09 0.08 0.09 + 0.00 0.13 0.08 0.13 0.11 0.11 - 0.01 0.16 0.10 0.20 0.15 0.20 + 0.02 0.25 0.10 0.16 0.16 0.16 unch 0.00 0.17 0.11 3.10 2.67 2.91 + 0.26 3.10 0.89 2.19 1.96 2.13 + 0.18 2.19 0.70 0.00 0.00 0.11 unch 0.00 0.20 0.10 0.13 0.13 0.13 - 0.01 0.27 0.13 1.33 1.13 1.33 + 0.17 1.98 1.03 1.80 1.41 1.79 + 0.25 2.65 1.41 119.32 113.72 113.85 - 4.86 128.55 100.22 0.18 0.14 0.15 - 0.01 0.27 0.04 0.12 0.11 0.11 - 0.00 0.19 0.03 0.02 0.02 0.02 unch 0.00 0.16 0.02 0.02 0.01 0.01 - 0.01 0.12 0.01 1.54 1.42 1.52 + 0.04 2.69 1.42 0.01 0.01 0.01 + 0.01 0.02 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.05 0.05 0.05 + 0.01 0.14 0.03 0.12 0.12 0.12 unch 0.00 0.20 0.10 0.07 0.06 0.06 - 0.01 0.14 0.06 9.47 8.46 8.70 - 0.61 13.10 7.40 0.07 0.05 0.06 - 0.07 0.90 0.05 0.20 0.10 0.18 + 0.04 0.20 0.04 0.12 0.07 0.09 - 0.00 4.00 0.03 0.05 0.05 0.05 unch 0.00 0.06 0.01 0.00 0.00 0.08 unch 0.00 0.11 0.04 0.04 0.04 0.04 unch 0.00 0.12 0.04 0.40 0.36 0.38 unch 0.00 2.02 0.27 0.30 0.26 0.28 - 0.00 1.58 0.20 4.14 3.80 3.95 - 0.09 12.36 3.27

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Cobalt Block V 33 Cobalt Block* O 37 18720 Coeur Mng* N Colibri Res* O 0 Colibri Res V 25 V 86 Colombia Crest O 3 Colombia Crest* Colonial Coal V 141 Colorado Res V 883 O 155 Colorado Res* Colt Res* O 1 T 406 Columbus Gold O 364 Columbus Gold* V 141 Commander Res O 1 Commander Res* V 3389 Commerce Res O 718 Commerce Res* O 20 Compass Gold* V 241 Compass Gold O 0 Compliance Egy* X 3456 Comstock Mng* V 14 Comstock Mtls 25 Comstock Mtls * O Condor Gold* O 13 Condor Gold T 10 Condor Res V 116 O 1 Confedertn Ml* V 37 Confedertn Mls V 130 Conquest Res 21 Conquest Res * O V 125 Cons Woodjam CONSOL Coal Rs* N 123 N 1209 CONSOL Energy* CONSOL Energy* N 26115 O 54 Constantine Mt* V 64 Constantine Mt O 14 Contact Gold* Contact Gold V 69 O 3 Contact Mnrls* O 55 Contintl Gold* Contintl Gold T 617 49 Copper Fox Mtl* O 167 Copper Fox Mtl V 142 Copper Lake Rs V 542 Copper Mtn Mng T Copper Mtn Mng* O 313 12 Copper North M* O 221 Copper North M V 25 Copper Reef Mg Copperbank Res 359 O 149 Copperbank Res* 43 Coral Gold * O Coral Gold V 108 V 158 Cordoba Mnls O 70 Cordoba Mnls* Core Gold V 932 Core Gold* O 390 Core Lithium* O 0 V 1558 Cornerstone Ca O 1323 Cornerstone Ca* Coro Mining T 2023 Corsa Coal V 847 8 Corsa Coal * O Corvus Gold* O 93 Corvus Gold T 196 CR Capital V 374 61 Crest Resource Cresval Cap V 100 Critical Elem* O 170 Critical Elem V 1925 V 484 CROPS O 0 Crown Mining* Crown Mining V 86 Cruz Cobalt V 343 Cruz Cobalt* O 244 Crystal Lake V 897 Crystal Lake* O 242 Crystal Peak* O 5 Crystal Peak V 25 O 19 CTGX Mining* 18 Currie Rose Rs V 115 CWN M’g Acq V Cyntar Venture 2255 Cypress Dev* O 71 Cypress Dev V 370

0.07 unch 0.00 0.30 0.09 0.00 0.09 0.05 0.07 0.07 0.07 + 0.00 0.24 2.78 2.97 2.78 2.84 - 0.03 8.55 0.01 unch 0.00 0.05 0.00 0.00 0.04 0.03 0.06 0.05 0.06 + 0.01 0.08 0.11 0.27 0.24 0.24 - 0.01 0.41 0.03 unch 0.00 0.21 0.17 0.17 0.17 0.21 0.44 0.41 0.41 - 0.03 0.65 0.05 0.09 0.07 0.08 - 0.01 0.17 0.03 0.06 0.05 0.06 - 0.00 0.13 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.16 0.19 0.17 0.19 + 0.01 0.31 0.11 0.14 0.12 0.14 + 0.01 0.25 0.07 unch 0.00 0.20 0.09 0.00 0.09 0.05 unch 0.00 0.16 0.06 0.05 0.06 0.05 0.09 0.07 0.08 + 0.01 0.09 0.04 0.07 0.05 0.06 + 0.01 0.07 0.18 unch 0.00 0.40 0.21 0.20 0.20 0.11 0.30 0.25 0.27 + 0.02 0.71 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.12 0.20 0.16 0.19 + 0.00 0.36 0.03 unch 0.00 0.06 0.03 0.00 0.03 0.02 0.02 0.02 + 0.00 0.05 0.01 0.25 unch 0.00 0.50 0.25 0.25 0.25 0.33 unch 0.00 0.86 0.34 0.00 0.34 0.04 0.05 0.00 0.05 + 0.01 0.09 0.09 0.22 0.00 0.22 + 0.02 0.28 0.12 0.36 0.31 0.31 - 0.05 0.40 0.01 0.01 0.01 0.01 - 0.01 0.04 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.03 0.05 0.04 0.04 - 0.01 0.09 16.63 15.75 15.82 - 0.57 21.13 14.58 25.60 27.74 25.60 26.22 - 1.02 48.12 7.80 7.26 7.72 + 0.12 18.37 7.26 0.28 0.45 0.40 0.40 + 0.00 0.60 0.39 0.58 0.52 0.52 - 0.02 0.74 0.14 unch 0.00 0.38 0.16 0.15 0.15 0.18 0.25 0.21 0.25 + 0.04 0.50 0.02 unch 0.00 0.45 0.20 0.15 0.20 1.33 1.98 1.88 1.90 - 0.08 3.02 1.76 2.66 2.53 2.55 - 0.08 3.98 0.08 0.07 0.07 - 0.00 0.10 0.06 0.10 0.09 0.09 - 0.01 0.13 0.08 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.85 0.79 0.81 - 0.02 1.45 0.65 0.63 0.59 0.59 - 0.03 1.12 0.48 0.04 0.00 0.02 - 0.02 0.05 0.02 0.04 0.04 0.04 - 0.01 0.07 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.04 unch 0.00 0.09 0.05 0.04 0.04 0.03 0.04 0.00 0.03 - 0.00 0.08 0.29 0.27 0.28 + 0.00 0.34 0.24 0.32 unch 0.00 0.44 0.39 0.38 0.39 0.09 0.10 0.09 0.10 + 0.01 0.22 0.06 0.08 0.07 0.07 - 0.01 0.17 0.19 0.28 0.25 0.25 - 0.01 0.35 0.14 0.20 0.18 0.19 - 0.01 0.28 0.11 unch 0.00 0.55 0.00 0.00 0.14 0.14 0.31 0.23 0.24 - 0.08 0.40 0.03 0.23 0.17 0.18 - 0.05 0.29 0.05 0.11 0.10 0.10 - 0.01 0.12 0.61 0.84 0.65 0.73 - 0.02 1.45 0.63 0.00 0.51 - 0.04 1.10 0.37 1.13 1.50 1.41 1.49 + 0.03 2.72 1.55 unch 0.00 3.39 2.04 1.85 1.98 0.02 0.05 0.04 0.05 - 0.01 0.10 0.10 0.10 0.10 + 0.01 0.16 0.10 0.02 unch 0.00 0.05 0.03 0.03 0.03 0.32 0.44 0.32 0.38 + 0.04 0.83 0.39 0.61 0.39 0.49 + 0.04 1.11 0.02 unch 0.00 0.07 0.02 0.02 0.02 0.05 unch 0.00 0.10 0.00 0.00 0.05 0.06 0.08 0.06 0.06 - 0.02 0.17 0.05 unch 0.00 0.20 0.05 0.05 0.05 0.03 0.04 0.03 0.03 + 0.00 0.16 0.24 0.39 0.32 0.38 + 0.03 0.74 0.18 0.27 0.24 0.27 + 0.01 0.57 0.11 0.12 0.12 0.12 - 0.00 0.34 0.16 0.17 0.16 0.16 - 0.01 0.44 0.10 0.12 0.10 0.11 + 0.01 0.12 0.06 0.00 0.06 - 0.01 0.12 0.05 0.04 0.04 0.04 unch 0.00 0.15 0.03 0.08 unch 0.00 0.15 0.10 0.08 0.08 0.12 0.16 0.15 0.16 - 0.00 0.32 0.17 0.22 0.20 0.22 + 0.01 0.42

Dajin Res V 679 Dajin Res* O 425 72 Dakota Ter Res* O Daleco Res* O 0 O 0 Damara Gold* Danakali* O 199 Debut Dmds 1094 Decade Res V 37 O 0 Deep-South Res* V 1162 Deep-South Res DeepRock Min 258 O 396 Defense Metals* V 2286 Defense Metals Defiance Silvr V 214 O 135 Defiance Silvr* Delrand Res V 221 Delrey Metals * O 1338 Delrey Metals 3210 T 997 Denison Mines X 1850 Denison Mines* Desert Gold* O 32 Desert Gold V 337 Desert Lion V 800 206 Desert Mtn Egy V Detour Gold T 2576 O 577 Diamante Min* Diamcor Mng V 77 O 63 Diamcor Mng* O 562 Diamond Disc* V 35 Diamond Fields O 20 Diamond Fields* Dios Expl V 720 V 166 Discovery Harb O 11 Discovery Met* V 107 Discovery Met 71584 O Discovery Min* V 3 Discovery-Corp District Cop V 769 District Cop* O 90 Ditem Explor* O 1 O 2 Diversified Rs* DNI Metals* O 38 O 24 Dolat Ventures* Dolly Vard Sil* O 229 266 Dolly Vard Sil V O 16 Doubleview Cap* V 1021 Doubleview Cap DRDGOLD* N 164 Dundee Prec Mt T 3423 O 1 Dunnedin Vent* Durango Res V 50 Durango Res* O 12 V 35 DV Resources 77 Dynacor Gld Mn T 48 Dynacor Gld Mn* O O 1 Dynamic Gold* O 16 DynaResource* Dynasty Gold V 92 O 76 Dynasty Gold* O 0 E-Energy Vent* E3 Metals V 216 E3 Metals* O 29 V 39 Eagle Graphite O 4 Eagle Graphite* Eagle Plains V 219 267 V East Africa 1 East Africa * O East Asia Mnls* O 125 307 East Asia Mnls V EastCoal Inc V 208 O 96 Eastern Platin* Eastern Platin T 28 Eastern Zinc 75 Eastfield Res V 272 O 115 Eastmain Res* Eastmain Res T 475 22 Eco Oro Mnls 0 Eco Oro Mnls* O eCobalt Solns T 471 O 497 eCobalt Solns* V 10 Edgewater Expl

0.04 0.05 0.04 0.04 - 0.01 0.12 0.03 0.04 0.03 0.03 - 0.01 0.09 0.05 0.03 0.03 - 0.01 0.19 0.02 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.03 unch 0.00 0.03 0.00 0.00 0.03 0.49 0.53 0.51 0.53 - 0.00 0.69 0.01 0.02 0.00 0.01 - 0.01 0.02 0.03 0.04 0.03 0.04 + 0.01 0.10 0.06 unch 0.00 0.18 0.00 0.00 0.06 0.06 unch 0.00 0.25 0.07 0.06 0.06 0.04 unch 0.00 0.10 0.05 0.04 0.04 0.09 0.24 0.10 0.14 + 0.04 0.25 0.12 0.23 0.17 0.19 + 0.01 0.25 0.16 0.20 0.18 0.19 - 0.01 0.38 0.12 0.15 0.13 0.14 - 0.01 0.29 0.25 0.55 0.38 0.45 - 0.12 0.71 0.14 0.09 0.11 + 0.01 0.30 0.09 0.12 0.18 0.12 0.15 - 0.01 0.50 0.59 0.72 0.67 0.72 + 0.05 0.89 0.44 0.53 0.49 0.52 + 0.01 0.69 0.12 unch 0.00 0.21 0.14 0.14 0.14 0.14 unch 0.00 0.26 0.18 0.14 0.16 0.04 0.14 0.10 0.11 - 0.02 1.15 0.18 0.14 0.17 - 0.02 0.27 0.13 12.87 11.75 12.75 + 0.89 14.59 9.38 0.01 0.05 0.04 0.05 + 0.00 0.24 0.09 0.16 0.15 0.16 + 0.01 0.50 0.07 0.12 0.00 0.11 + 0.00 0.32 0.00 0.00 0.00 0.00 + 0.00 0.00 0.07 0.16 0.14 0.16 + 0.02 0.19 0.04 unch 0.00 0.12 0.11 0.00 0.11 0.04 0.05 0.04 0.05 - 0.01 0.09 0.01 0.05 0.04 0.04 - 0.01 0.08 0.14 0.17 0.00 0.17 + 0.01 0.28 0.17 0.23 0.21 0.22 - 0.01 0.42 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.01 unch 0.00 0.03 0.00 0.00 0.01 0.02 unch 0.00 0.19 0.04 0.04 0.04 0.01 unch 0.00 0.14 0.02 0.02 0.02 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.01 unch 0.00 0.05 0.01 0.01 0.01 0.03 unch 0.00 0.08 0.05 0.04 0.05 0.10 0.50 0.28 0.50 + 0.06 1.80 0.16 0.14 0.16 + 0.01 0.47 0.14 0.21 0.19 0.21 + 0.01 0.61 0.19 0.07 0.08 0.07 0.07 - 0.00 0.13 0.07 0.11 0.09 0.09 - 0.02 0.18 1.64 1.83 1.72 1.74 + 0.01 2.95 4.00 3.55 3.74 - 0.22 4.89 2.56 0.05 unch 0.00 0.18 0.06 0.06 0.06 0.04 0.06 0.06 0.06 - 0.01 0.10 0.04 unch 0.00 0.07 0.04 0.04 0.04 0.06 unch 0.00 0.30 0.06 0.06 0.06 1.72 1.67 1.68 - 0.02 1.92 1.41 1.30 1.23 1.24 + 0.01 1.44 1.02 1.00 unch 0.00 5.00 3.95 3.95 3.95 0.65 0.91 0.65 0.75 - 0.15 1.25 0.07 0.08 0.00 0.08 + 0.01 0.24 0.05 0.06 0.05 0.05 - 0.00 0.18 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.23 0.46 0.42 0.46 + 0.04 0.58 0.22 unch 0.00 0.38 0.33 0.33 0.33 0.05 unch 0.00 0.21 0.05 0.05 0.05 0.04 0.04 0.04 0.04 - 0.00 0.14 0.08 0.09 0.08 0.09 + 0.01 0.17 0.26 0.23 0.26 unch 0.00 0.29 0.14 0.17 0.12 0.17 + 0.05 0.18 0.10 0.04 0.04 0.04 - 0.00 0.08 0.02 0.06 0.00 0.06 unch 0.00 0.10 0.03 0.05 unch 0.00 0.30 0.06 0.00 0.06 0.12 0.16 0.15 0.15 - 0.01 0.26 0.17 unch 0.00 0.35 0.21 0.00 0.21 0.08 unch 0.00 0.56 0.08 0.08 0.08 0.03 0.05 0.00 0.05 + 0.01 0.07 0.07 0.08 0.07 0.07 - 0.00 0.20 0.10 unch 0.00 0.27 0.11 0.10 0.11 0.11 0.11 0.11 unch 0.00 0.27 0.10 0.00 0.00 0.07 unch 0.00 0.77 0.00 0.25 0.32 0.27 0.28 - 0.03 1.40 0.19 0.23 0.20 0.21 - 0.01 1.10 0.09 0.10 0.10 0.10 + 0.01 0.17

D-F

2019-06-03 1:08 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / JUNE 10â&#x20AC;&#x201C;23, 2019

Week

12-month

Exc Volume High Low Last Change High Low

Edison Cobalt* O 50 0.04 0.03 0.03 - 0.01 0.14 0.03 0.04 Edison Cobalt V 93 0.05 0.05 0.05 - 0.01 0.19 0.02 0.02 0.02 + 0.00 0.03 0.00 El Capitan Prc* O 574 El Nino Vent V 300 0.03 0.03 0.03 unch 0.00 0.06 0.03 275 0.10 0.08 0.10 + 0.02 0.31 0.06 Elcora Adv Mat V Elcora Res* O 71 0.07 0.06 0.07 + 0.02 0.23 0.05 Eldorado Gold* N 15621 3.81 3.05 3.72 + 0.61 5.90 2.52 T 6625 5.14 4.24 5.03 + 0.86 7.75 3.36 Eldorado Gold Eloro Res* O 200 0.15 0.15 0.15 unch 0.00 0.51 0.13 Eloro Res V 283 0.21 0.19 0.21 + 0.02 0.72 0.15 338 0.19 0.16 0.18 + 0.02 0.20 0.09 Ely Gold Royal V Ely Gold Royal* O 344 0.14 0.11 0.13 + 0.01 0.15 0.07 1 0.26 0.00 0.26 + 0.00 0.33 0.23 Elysee Dev * O Elysee Dev V 101 0.36 0.35 0.35 - 0.01 0.42 0.31 Emerita Res V 448 0.10 0.10 0.10 - 0.01 0.50 0.08 Emgold Mining* O 4 0.11 0.10 0.11 + 0.01 0.15 0.03 V 62 0.19 0.16 0.17 + 0.02 0.22 0.05 Emgold Mining V 92 0.17 0.17 0.17 unch 0.00 0.23 0.11 Empire Metals EMX Royalty* X 393 1.30 1.18 1.30 + 0.10 1.47 1.00 EMX Royalty V 63 1.75 1.63 1.70 + 0.06 1.80 1.25 Encanto Potash* O 6 0.08 0.07 0.07 + 0.00 0.22 0.07 V 42 0.11 0.10 0.11 unch 0.00 0.30 0.10 Encanto Potash EnCore Energy V 810 0.14 0.13 0.14 unch 0.00 0.21 0.05 Endeavour Mng T 841 20.70 18.81 20.18 + 0.86 24.65 16.34 O 10 15.26 14.09 15.10 + 0.80 18.87 12.38 Endeavour Mng* Endeavr Silver* N 3583 1.80 1.68 1.79 + 0.05 3.35 1.68 Endeavr Silver T 962 2.44 2.27 2.40 + 0.08 4.40 2.27 Endurance Gold* O 184 0.03 0.03 0.03 unch 0.00 0.05 0.02 Endurance Gold V 198 0.03 0.03 0.03 unch 0.00 0.07 0.03 1.85 Energy Fuels* X 4617 2.74 2.44 2.72 + 0.12 4.09 Energy Fuels T 902 3.70 3.31 3.65 + 0.14 5.38 2.36 Enforcer Gold V 14 0.04 0.00 0.04 unch 0.00 0.23 0.04 Engineer Gold V 27 0.11 0.10 0.11 + 0.01 0.13 0.05 Engold Mines V 126 0.10 0.08 0.10 + 0.02 0.25 0.08 Engold Mines* O 85 0.08 0.00 0.08 + 0.00 0.18 0.06 Ensurge* O 12 0.04 0.03 0.04 + 0.01 0.09 0.02 Entree Res* X 345 0.34 0.29 0.30 - 0.03 0.48 0.29 Entree Res T 709 0.46 0.39 0.40 - 0.04 0.61 0.41 ePower Metals* O 0 0.00 0.00 0.04 unch 0.00 0.23 0.04 0.85 Equinox Gold V 1440 1.17 1.02 1.17 + 0.11 1.37 Equitorial Ex V 291 0.04 0.00 0.03 - 0.01 0.10 0.02 Equitorial Ex* O 2 0.02 0.02 0.02 unch 0.00 0.08 0.02 Erdene Res Dev* O 60 0.15 0.14 0.15 + 0.01 0.40 0.13 Erdene Res Dev T 129 0.20 0.19 0.20 unch 0.00 0.53 0.18 unch 0.00 0.22 0.05 Erin Ventures* O 1 0.05 0.05 0.05 Erin Ventures V 151 0.08 0.07 0.07 - 0.02 0.30 0.07 Ero Copper T 1931 17.04 15.92 16.60 + 0.47 18.66 7.62 Ero Copper* O 4 13.02 12.08 12.08 - 0.94 13.71 5.84 Eros Res Corp* O 1 0.06 0.06 0.06 unch 0.00 0.09 0.05 Eros Res Corp V 1 0.00 0.00 0.09 unch 0.00 0.12 0.07 Eros Res Corp V 1 0.00 0.00 0.09 unch 0.00 0.12 0.07 Eskay Mng V 71 0.09 0.09 0.09 - 0.01 0.38 0.07 Essex Minerals V 94 0.05 0.05 0.05 + 0.01 0.13 0.03 Ethos Gold* O 56 0.16 0.13 0.15 - 0.01 0.25 0.09 Ethos Gold V 249 0.20 0.18 0.20 unch 0.00 0.34 0.12 Etruscus Res 55 0.40 0.32 0.36 + 0.02 0.50 0.24 Euro Manganese V 123 0.22 0.20 0.21 + 0.01 0.44 0.15 Euro Sun Mg T 685 0.46 0.40 0.41 - 0.05 1.28 0.23 Euro Sun Mg* O 314 0.40 0.29 0.31 - 0.04 1.00 0.17 EurOmax Res* O 60 0.05 0.05 0.05 unch 0.00 0.16 0.01 EurOmax Res T 80 0.10 0.09 0.09 - 0.02 0.21 0.02 European Elect* O 148 0.04 0.03 0.04 - 0.00 0.27 0.03 European Elect V 217 0.06 0.05 0.05 - 0.01 0.35 0.05 European Metal* O 403 0.00 0.00 0.00 - 0.00 0.00 0.00 Eurotin V 48 0.01 0.01 0.01 unch 0.00 0.13 0.01 Everton Res* O 54 0.03 0.01 0.01 - 0.01 0.04 0.01 Everton Res V 247 0.03 0.02 0.03 + 0.01 0.05 0.02 EVI Global Grp 732 1.25 1.15 1.23 unch 0.00 1.64 0.16 Evolving Gold* O 4 0.01 0.00 0.01 unch 0.00 0.08 0.00 unch 0.00 1.63 0.27 Evrim Res V 359 0.30 0.28 0.29 Excellon Res* O 57 0.57 0.52 0.55 - 0.01 1.25 0.44 Excellon Res T 105 0.76 0.71 0.72 - 0.02 1.62 0.59 Excelsior Mng* O 122 0.73 0.67 0.71 - 0.00 1.14 0.53 Excelsior Mng T 117 0.96 0.90 0.95 - 0.01 1.49 0.71 ExGen Res Inc V 97 0.01 0.01 0.01 unch 0.00 0.03 0.01 Explor Res* O 125 0.02 0.02 0.02 unch 0.00 0.04 0.01 Explor Res V 620 0.02 0.02 0.02 unch 0.00 0.04 0.02 Explorex Res* O 16 0.19 0.18 0.18 - 0.00 0.28 0.16 Explorex Res 89 0.27 0.25 0.25 - 0.01 0.45 0.21 O 0 0.00 0.00 0.00 unch 0.00 0.00 0.00 Fairmile Gold* Falco Res V 368 0.24 0.22 0.23 unch 0.00 0.64 0.21 Falco Res * O 304 0.17 0.00 0.17 - 0.00 0.46 0.10 Falcon Gold V 71 0.03 0.03 0.03 unch 0.00 0.06 0.03 Fancamp Expl V 615 0.11 0.10 0.10 unch 0.00 0.11 0.04 Far Res 877 0.09 0.07 0.07 - 0.01 0.39 0.06 Far Res* O 14 0.07 0.05 0.05 - 0.02 0.88 0.04 Fengro Industr* O 0 0.00 0.00 0.02 unch 0.00 0.08 0.01 Fengro Industr V 365 0.03 0.03 0.03 unch 0.00 0.14 0.03 Fidelity Min V 396 0.05 0.05 0.05 + 0.01 0.10 0.03 0.03 Fidelity Min* O 63 0.04 0.04 0.04 - 0.00 0.06 Filo Mg Corp * O 7 2.07 2.07 2.07 + 0.00 2.07 1.55 Filo Mg Corp V 93 2.90 2.54 2.80 unch 0.00 2.99 2.00 Finlay Minrls V 269 0.04 0.04 0.04 - 0.01 0.05 0.02 Fiore Gold* O 308 0.24 0.20 0.21 - 0.01 0.47 0.16 0.21 Fiore Gold V 785 0.31 0.29 0.30 + 0.01 0.59 Fire River Gol* O 116 0.38 0.02 0.02 unch 0.00 2.41 0.00 Firebird Res V 75 0.02 0.02 0.02 unch 0.00 0.05 0.02 FireFox Gold V 31 0.11 0.11 0.11 unch 0.00 0.39 0.11 Firestone Vent V 6 0.06 0.00 0.06 unch 0.00 0.10 0.04 Fireweed Zinc V 223 0.70 0.66 0.68 + 0.03 1.84 0.64 Fireweed Zinc* O 49 0.50 0.47 0.49 + 0.02 1.43 0.47 Firma Holdings* O 396 0.02 0.02 0.02 + 0.00 0.07 0.01 First Cobalt * O 760 0.13 0.11 0.12 + 0.00 0.62 0.10 First Cobalt V 2076 0.17 0.16 0.17 + 0.01 0.80 0.14 O 10000 0.00 0.00 0.00 unch 0.00 0.00 0.00 First Colombia* First Energy 3 0.18 0.00 0.15 unch 0.00 0.20 0.15 First Energy* O 2 0.11 0.00 0.11 unch 0.00 0.31 0.08 N 14028 6.13 5.48 6.08 + 0.41 8.48 4.59 First Majestic* First Majestic T 2180 8.28 7.40 8.21 + 0.59 11.09 6.12 First Mg Fin T 1855 0.27 0.24 0.27 - 0.01 0.53 0.21 First Mg Fin * O 1294 0.20 0.18 0.19 - 0.00 0.40 0.16 unch 0.00 0.12 0.06 First Point* O 500 0.10 0.10 0.10 First Quantum T 18733 10.18 9.68 9.84 + 0.02 23.05 9.45 First Vanadium V 148 0.40 0.37 0.38 - 0.01 1.96 0.37 O 114 0.30 0.27 0.28 - 0.01 1.60 0.27 First Vanadium* Fission 3.0 V 997 0.09 0.09 0.09 unch 0.00 0.30 0.08 0.06 Fission 3.0* O 306 0.07 0.06 0.06 - 0.00 0.22 Fission Uran* O 572 0.37 0.35 0.36 - 0.01 0.60 0.35 Fission Uran T 1271 0.50 0.47 0.48 - 0.01 0.78 0.47 Fjordland Exp* O 25 0.07 0.07 0.07 unch 0.00 0.24 0.04 0.06 Fjordland Exp V 517 0.09 0.07 0.08 - 0.01 0.33 Focus Graphite* O 1604 0.03 0.02 0.02 - 0.00 0.04 0.01 Focus Graphite V 2843 0.04 0.03 0.03 unch 0.00 0.06 0.02 Foran Mng V 75 0.33 0.00 0.30 + 0.01 0.51 0.23 Forsys Metals T 55 0.20 0.18 0.19 - 0.01 0.32 0.11 Fort St J Nick V 0 0.00 0.00 0.17 unch 0.00 0.42 0.12 0 0.00 0.00 0.11 unch 0.00 0.23 0.09 Fort St James* O Fortescue Met* O 55 5.79 0.00 5.50 - 0.28 6.43 2.53 Fortuna Silvr T 2076 3.49 3.22 3.49 + 0.12 7.78 3.22 2.39 Fortuna Silvr* N 8474 2.59 2.39 2.59 + 0.07 5.94 Fortune Bay V 14 0.28 0.00 0.26 + 0.04 0.41 0.19 Fortune Bay* O 6 0.20 0.00 0.20 + 0.04 0.31 0.10 O 242 0.08 0.07 0.07 - 0.01 0.17 0.05 Fortune Mnrls* Fortune Mnrls T 662 0.11 0.10 0.10 unch 0.00 0.22 0.07 0.03 Forum Energy V 681 0.06 0.05 0.06 + 0.01 0.09 Forum Energy* O 984 0.05 0.03 0.04 + 0.01 0.06 0.02 Fox River Res* O 4 0.04 0.04 0.04 unch 0.00 0.06 0.04 Fox River Res 8 0.06 0.00 0.06 unch 0.00 0.10 0.06 FPX Nickel V 286 0.13 0.13 0.13 unch 0.00 0.18 0.08 Franco-Nevada* N 2679 77.75 72.98 77.19 + 3.65 78.82 58.26 Franco-Nevada T 2691 105.10 98.29 104.36 + 5.59 105.04 76.53 0.00 Franklin Mng* O 2 0.00 0.00 0.00 - 0.00 0.00 Freedom Egy V 34 0.02 0.00 0.01 - 0.01 0.09 0.01 Freegold Vent T 113 0.05 0.05 0.05 unch 0.00 0.13 0.05 Freeport McMoR* N 84239 10.30 9.47 9.71 - 0.37 18.38 9.47 Freeport Res V 5 0.09 0.08 0.08 - 0.01 0.11 0.06 Fremont Gold V 413 0.10 0.08 0.09 + 0.01 0.19 0.07 Fremont Gold* O 4 0.08 0.07 0.08 + 0.00 0.18 0.06 Fresnillo plc* O 8 9.72 0.00 9.72 + 0.49 17.87 9.23 Frontier Lith V 212 0.37 0.34 0.35 - 0.01 0.48 0.30 Frontline Gold V 144 0.01 0.01 0.01 unch 0.00 0.02 0.01 Full Metal Mnl* O 2 0.00 0.00 0.00 unch 0.00 0.00 0.00 Fura Gems V 734 0.23 0.18 0.20 - 0.03 0.52 0.18 Fura Gems* O 63 0.15 0.13 0.14 - 0.01 0.40 0.13

G-H G2 Goldfields V 713 Gabriel Res V 256 Gabriel Res* O 12 Gainey Capital V 755 Galane Gold V 1060 Galane Gold * O 678 Galantas Gold V 351 Galantas Gold* O 94 Galore Res V 135 Galway Gold * O 9 Galway Gold V 32 Galway Mtls* O 232 Galway Mtls V 191 GAR Limited 4719 Garibaldi Res V 804 Garibaldi Res * O 158 Gatling Explor V 341 Gatling Explor* O 30

0.29 0.26 0.27 - 0.03 0.43 0.11 0.43 0.38 0.41 - 0.01 0.49 0.29 0.33 0.27 0.28 - 0.05 0.35 0.20 0.11 0.09 0.11 + 0.01 0.16 0.04 0.05 0.04 0.05 unch 0.00 0.07 0.04 0.04 0.03 0.04 - 0.00 0.05 0.03 0.07 0.06 0.07 unch 0.00 0.15 0.06 0.06 0.04 0.04 - 0.01 0.10 0.04 0.02 0.02 0.02 + 0.01 0.05 0.01 0.09 0.08 0.09 + 0.01 0.12 0.07 0.13 0.12 0.12 + 0.01 0.26 0.10 0.25 0.23 0.24 + 0.01 0.30 0.10 0.33 0.32 0.32 + 0.01 0.44 0.13 0.06 0.04 0.05 - 0.02 0.22 0.04 1.09 0.72 0.91 + 0.20 3.42 0.69 0.80 0.52 0.68 + 0.16 2.60 0.51 0.34 0.33 0.34 + 0.01 0.58 0.13 0.26 0.00 0.25 - 0.00 0.34 0.21

20-23_JUNE10_StockTables.indd 21

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

General Moly T 41 General Moly* X 5746 Generation Min* O 6 Generation Min 323 Genesis Mtls* O 63 Genesis Mtls V 1272 Genius Metals 83 Gensource Pot V 282 Gentor Res V 1 Geomega Res V 4503 Geomega Res* O 923 93 Gespeg Cop Res V Getchell Gold * O 65 Getchell Gold 86 Getty Copper V 780 V 269 GFG Resources GFG Resources* O 188 GGL Res* O 10 GGL Res V 50 GGX Gold V 917 GGX Gold* O 124 Giga Metals* O 596 Giga Metals V 533 Gitennes Expl V 462 Giyani Gold V 2242 Giyani Gold* O 376 GK Resources V 266 Glacier Lake V 37 Gldn Predator* O 85 Gldn Predator V 1066 Glen Eagle Res V 357 Glencore Plc* O 2261 Global Atomic T 942 Global Atomic* O 124 Global Battery V 140 Global Battery* O 91 Global Energy* O 44 Global Energy V 714 Global Gold* O 2 Global Li-Ion* O 7 Global Li-Ion 582 Global Vanad* O 1 GlobalMin Vent* O 20 Globex Mng* O 17 Globex Mng T 48 GMV Minerals* O 29 GMV Minerals V 41 GNCC Capital* O 65214 Go Cobalt 125 GobiMin V 3 Godâ&#x20AC;&#x2122;s Lake Res 1 GoGold Res T 988 Gold Dynamics* O 33 Gold Fields* O 1 Gold Fields* N 31577 Gold Finder Ex V 2478 Gold Finder Ex* O 41 Gold Lakes* O 3 Gold Reserve V 13 Gold Reserve* O 50 Gold Resource* X 2490 Gold Rush Cari V 5561 Gold Rush Cari* O 20 224 Gold Std Vents T Gold Std Vents* X 792 Goldbank Mng V 12 Goldbank Mng* O 0 Goldcliff Res* O 18 Goldcliff Res V 287 Golden Arrow V 201 Golden Arrow* O 183 Golden Band* O 30 Golden Dawn Ml V 768 1 Golden Dawn Ml* O Golden Goliath V 1239 Golden Goliath* O 235 Golden Harp* O 0 Golden Harp V 32 Golden Hope V 127 Golden Hope* O 0 Golden Lake 1 Golden Mnls* X 786 Golden Mnls T 30 V 114 Golden Pursuit Golden Pursuit* O 48 Golden Queen T 3780 Golden Queen* O 444 Golden Ridge V 2262 V 141 Golden Secret Golden Share V 165 Golden Star* X 2062 Golden Star T 170 Golden Tag V 59 Golden Valley* O 24 Golden Valley V 131 Goldex Res* O 0 Goldex Res V 265 Goldgroup Mng T 202 O 20 Goldgroup Mng* GoldMining* O 311 GoldMining T 715 GoldON Res V 242 GoldON Res* O 2 Goldplay Expl* O 27 Goldplay Expl V 371 GoldQuest Mng V 534 Goldrea Res 304 Goldrea Res* O 1 Goldrich Mng* O 184 O 358 Goldsource Min* Goldsource Min V 1241 Goldstar Mnls* O 8 Goldstar Mnls V 251 Goldstream Mnl V 836 V 107 Goldstrike Res GoldTrain Res 149 Goliath Res V 129 Goliath Res* O 132 Gossan Res V 117 GoviEx Uranium* O 632 V 1303 GoviEx Uranium Gowest Gold* O 1880 Gowest Gold V 1306 GPM Metals V 731 Gran Colombia* O 120 Gran Colombia T 374 Granada Gold V 59 Granada Gold* O 120 Grande Portage V 893 Grande Portage* O 178 Granite Creek V 718 Graphite Egy* O 11 Graphite Egy 4 Graphite One V 90 Graphite One* O 139 Gratomic* O 60 Gratomic V 3246 Gray Rock Res V 106 Great Atlantic V 1363 Great Bear Res V 1723 Great Bear Res* O 193 Great Lakes Gr* O 562 Great Panther T 346 Great Panther* X 2725 Great Thunder V 366 Greatbanks Re V 51 Greatbanks Res* O 0 Green Arrow V 6 Green River 663 Green Swan Cap V 94 Green Valley M V 16 Greencastle Rs V 82 Greenland M&En* O 1317 Greenshield Ex V 13 Grenville Gold* O 0 Grid Metals V 964 Grid Metals* O 76 Grizzly Discvr* O 215 Grizzly Discvr V 319 Group Eleven V 263 Group Ten Mtls* O 534 Group Ten Mtls V 150 GrowMax Res* O 3 GrowMax Res V 693 GSP Resource V 37 GT Gold V 844 GT Gold * O 33 Gungnir Res* O 282 Gungnir Res V 202 Gunpoint Expl V 82 Guyana Gldflds T 6476 Guyana Goldstr V 402 Guyana Goldstr* O 391 Handa Mining V 225 Handeni Gold* O 0

0.57 0.40 0.53 + 0.12 0.63 0.22 0.43 0.28 0.39 + 0.09 0.46 0.16 0.20 0.20 0.20 unch 0.00 0.22 0.03 0.28 0.26 0.28 unch 0.00 0.33 0.10 0.05 0.04 0.05 + 0.00 0.08 0.04 0.07 0.06 0.07 + 0.01 0.12 0.05 0.18 0.17 0.18 unch 0.00 0.25 0.12 0.10 0.09 0.10 unch 0.00 0.16 0.08 0.00 0.00 0.05 unch 0.00 0.12 0.05 0.23 0.15 0.17 + 0.01 0.23 0.07 0.17 0.11 0.13 + 0.01 0.17 0.05 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.18 0.14 0.15 - 0.02 0.19 0.13 0.20 0.18 0.18 - 0.02 3.60 0.13 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.24 0.23 0.23 - 0.01 0.35 0.17 0.18 0.17 0.17 unch 0.00 0.25 0.14 0.05 0.05 0.05 unch 0.00 0.09 0.05 0.08 0.07 0.07 - 0.01 0.13 0.07 0.09 0.07 0.08 - 0.02 0.14 0.05 0.06 0.00 0.06 - 0.01 0.10 0.04 0.15 0.11 0.15 + 0.02 0.29 0.11 0.19 0.15 0.17 + 0.02 0.37 0.15 0.04 0.03 0.04 unch 0.00 0.10 0.02 0.12 0.09 0.10 + 0.01 0.40 0.07 0.10 0.07 0.08 - 0.01 0.31 0.06 0.20 0.18 0.20 + 0.02 0.20 0.15 0.09 0.08 0.09 + 0.01 0.65 0.07 0.15 0.13 0.14 - 0.01 0.37 0.13 0.20 0.18 0.19 + 0.01 0.49 0.18 0.10 0.08 0.09 unch 0.00 0.18 0.08 6.63 6.31 6.34 - 0.26 10.75 6.31 0.50 0.41 0.50 + 0.08 0.46 0.28 0.35 0.31 0.34 + 0.02 0.35 0.21 0.15 0.13 0.13 - 0.02 0.31 0.07 0.10 0.09 0.09 - 0.01 0.24 0.06 0.07 0.05 0.05 - 0.01 0.10 0.03 0.08 0.07 0.08 - 0.01 0.13 0.04 1.60 1.60 1.60 unch 0.00 2.50 1.30 0.10 0.08 0.10 + 0.00 0.26 0.04 0.13 0.12 0.13 unch 0.00 0.32 0.06 0.14 0.14 0.14 unch 0.00 0.17 0.12 0.65 0.40 0.55 + 0.03 140.00 0.40 0.28 0.25 0.25 - 0.03 0.33 0.19 0.37 0.34 0.35 + 0.01 0.46 0.25 0.09 0.08 0.09 + 0.01 0.23 0.07 0.13 0.12 0.12 unch 0.00 0.32 0.07 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.13 0.00 0.13 + 0.04 0.38 0.07 0.28 0.28 0.28 unch 0.00 0.45 0.20 4.35 4.25 4.35 + 0.10 4.45 0.22 0.41 0.34 0.40 - 0.01 0.48 0.19 0.00 0.00 0.00 unch 0.00 0.01 0.00 3.83 3.83 3.83 unch 0.00 4.10 2.40 4.55 3.83 4.46 + 0.58 4.55 2.20 0.09 0.08 0.08 - 0.02 0.52 0.06 0.07 0.00 0.07 + 0.02 0.36 0.04 0.02 0.01 0.02 + 0.01 0.10 0.00 3.45 3.17 3.45 + 0.16 3.87 2.57 2.54 2.38 2.54 + 0.16 3.02 1.84 2.99 2.73 2.84 - 0.11 7.33 2.73 0.09 0.08 0.08 - 0.01 0.20 0.05 0.06 0.06 0.06 unch 0.00 0.13 0.06 1.48 1.33 1.47 + 0.12 2.40 1.17 1.09 0.99 1.08 + 0.07 1.86 0.86 0.12 0.11 0.11 - 0.04 0.17 0.07 0.00 0.00 0.11 unch 0.00 0.11 0.10 0.08 0.07 0.08 - 0.00 0.10 0.03 0.12 0.08 0.11 + 0.02 0.15 0.05 0.25 0.22 0.23 - 0.01 0.55 0.22 0.19 0.15 0.16 - 0.02 0.42 0.15 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.06 0.05 0.05 - 0.01 0.30 0.02 0.03 0.03 0.03 unch 0.00 0.22 0.02 0.06 0.03 0.05 + 0.02 0.06 0.02 0.04 0.02 0.03 + 0.01 0.04 0.00 0.00 0.00 0.08 unch 0.00 0.08 0.08 0.15 0.15 0.15 unch 0.00 0.20 0.06 0.07 0.07 0.07 + 0.01 0.11 0.05 0.00 0.00 0.06 unch 0.00 0.08 0.03 0.00 0.00 0.13 unch 0.00 0.13 0.13 0.27 0.21 0.26 + 0.00 0.41 0.19 0.36 0.31 0.35 + 0.02 0.53 0.26 0.08 0.08 0.08 unch 0.00 0.17 0.02 0.05 0.00 0.05 + 0.00 0.11 0.05 0.03 0.02 0.02 unch 0.00 0.23 0.02 0.02 0.01 0.02 + 0.00 0.17 0.01 0.16 0.14 0.14 + 0.01 0.54 0.08 1.68 1.53 1.60 + 0.14 3.10 1.10 0.08 0.07 0.07 unch 0.00 0.22 0.07 3.59 3.23 3.43 - 0.11 4.67 2.43 4.83 4.55 4.69 - 0.07 6.22 3.24 0.04 0.04 0.04 unch 0.00 0.08 0.04 0.25 0.23 0.24 - 0.01 0.30 0.16 0.34 0.31 0.33 unch 0.00 0.39 0.22 0.00 0.00 0.07 unch 0.00 1.16 0.07 0.10 0.10 0.10 unch 0.00 1.49 0.08 0.07 0.06 0.06 - 0.01 0.08 0.04 0.05 0.04 0.05 + 0.00 0.07 0.02 0.70 0.58 0.68 + 0.10 0.97 0.52 0.94 0.77 0.91 + 0.13 1.11 0.71 0.60 0.37 0.60 + 0.24 0.60 0.12 0.41 0.00 0.41 + 0.17 0.41 0.09 0.11 0.10 0.10 - 0.00 0.22 0.09 0.15 0.12 0.14 + 0.01 0.30 0.11 0.11 0.10 0.10 - 0.01 0.22 0.08 0.11 0.08 0.09 - 0.01 0.15 0.04 0.06 0.06 0.06 unch 0.00 0.14 0.03 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.12 0.10 0.10 - 0.02 0.16 0.02 0.17 0.14 0.15 - 0.02 0.23 0.04 0.03 0.03 0.03 unch 0.00 0.08 0.03 0.05 0.05 0.05 unch 0.00 0.12 0.03 0.07 0.05 0.05 - 0.01 0.18 0.04 0.05 0.04 0.04 + 0.01 0.25 0.04 0.09 0.08 0.08 - 0.01 0.40 0.08 0.08 0.07 0.08 + 0.01 0.33 0.06 0.06 0.05 0.06 + 0.01 0.21 0.04 0.07 0.06 0.07 + 0.01 0.10 0.05 0.13 0.11 0.12 + 0.00 0.20 0.09 0.18 0.16 0.17 - 0.01 0.26 0.12 0.03 0.03 0.03 unch 0.00 0.07 0.01 0.03 0.03 0.03 unch 0.00 0.09 0.03 0.05 0.04 0.05 - 0.01 0.06 0.03 2.63 2.42 2.56 + 0.02 3.44 1.57 3.58 3.25 3.49 + 0.06 4.67 2.03 0.10 0.10 0.10 + 0.01 0.24 0.09 0.07 0.07 0.07 unch 0.00 0.18 0.07 0.14 0.12 0.13 + 0.01 0.34 0.08 0.11 0.09 0.09 - 0.01 0.25 0.06 0.07 0.05 0.07 unch 0.00 0.23 0.05 0.42 0.32 0.32 - 0.05 1.90 0.10 0.96 0.00 0.51 - 0.10 1.35 0.02 0.33 0.28 0.33 + 0.04 0.65 0.24 0.25 0.22 0.24 + 0.00 1.00 0.00 0.05 0.04 0.04 unch 0.00 0.13 0.04 0.05 0.04 0.04 - 0.01 0.17 0.04 0.10 0.08 0.08 - 0.02 0.19 0.05 0.06 0.05 0.05 unch 0.00 0.15 0.04 3.96 2.87 3.84 + 0.91 4.08 0.46 2.93 2.03 2.86 + 0.67 3.09 0.35 0.04 0.03 0.04 - 0.00 0.10 0.01 1.00 0.88 1.00 + 0.10 1.64 0.70 0.74 0.65 0.74 + 0.06 1.26 0.54 0.03 0.03 0.03 + 0.01 0.03 0.01 0.10 0.10 0.10 unch 0.00 0.35 0.04 0.00 0.00 0.01 unch 0.00 0.01 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.06 0.05 0.06 unch 0.00 0.07 0.04 0.04 0.03 0.03 - 0.01 0.07 0.02 0.15 0.06 0.15 + 0.10 2.00 0.06 0.07 0.06 0.06 - 0.01 0.10 0.02 0.10 0.07 0.09 + 0.02 0.10 0.04 0.11 0.11 0.11 unch 0.00 0.15 0.05 0.00 0.00 0.12 unch 0.00 0.12 0.06 0.13 0.10 0.10 - 0.03 0.21 0.05 0.09 0.08 0.08 - 0.01 0.16 0.04 0.04 0.04 0.04 + 0.00 0.11 0.03 0.05 0.05 0.05 unch 0.00 0.15 0.04 0.06 0.05 0.05 - 0.01 0.20 0.05 0.10 0.08 0.09 - 0.01 0.17 0.01 0.13 0.12 0.12 - 0.01 0.23 0.12 0.08 0.08 0.08 unch 0.00 0.12 0.05 0.10 0.09 0.10 unch 0.00 0.16 0.07 0.18 0.16 0.16 - 0.01 0.26 0.16 0.93 0.88 0.89 - 0.01 2.15 0.41 0.67 0.65 0.67 - 0.00 1.62 0.31 0.05 0.00 0.04 - 0.00 0.29 0.04 0.07 0.06 0.07 + 0.01 0.39 0.06 0.47 0.00 0.47 + 0.05 0.55 0.32 0.92 0.80 0.90 + 0.04 5.13 0.80 0.16 0.14 0.15 - 0.01 0.39 0.14 0.12 0.10 0.12 + 0.01 0.28 0.10 0.03 0.03 0.03 unch 0.00 0.08 0.03 0.00 0.00 0.02 unch 0.00 0.06 0.02

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Hannan Metals V 74 O 21 Hannan Metals* 133 Happy Ck Mnrls V Harfang Explor V 18 N 19333 Harmony Gold* Harte Gold* O 230 Harte Gold T 889 Harvest Gold* O 22 Harvest Gold V 258 Havilah Mining* O 25 V 43 Havilah Mining Hawkeye Gld&Di V 50 V 144 Heatherdale Rs Hecla Mining* N 38283 Helio Res V 0 Helio Res* O 0 O 48 Hemcare Health* Highbank Res V 50 Highbury Proj V 50 Highland Copp* O 35 Highland Copp V 231 130 Highway 50 Gld V Highway 50 Gld* O 160 HiHo Silver 25 HiHo Silver* O 1 Hinterland Mtl V 106 Hochschild Mg* O 9 Homeland Egy* O 717 Honey Badger E* O 15 51 Honey Badger E V Horizonte Mnls T 453 Hornby Bay Mnl* O 5 Hornby Bay Mnl V 32 HudBay Min* N 3759 HudBay Min T 5249 Hudson Res V 254 Hudson Res* O 218 Hunt Mng* O 5 Hunt Mng V 9 Hut 8 Mining* O 280 Hut 8 Mining V 1297 Hybrid Mineral V 110 Hycroft Mining* O 12

0.07 0.00 0.07 + 0.01 0.21 0.05 0.06 0.05 0.06 + 0.01 0.17 0.04 0.14 0.11 0.13 - 0.01 0.20 0.11 0.27 0.25 0.25 - 0.02 0.30 0.18 1.80 1.57 1.78 + 0.12 2.21 1.43 0.22 0.17 0.20 + 0.02 0.38 0.15 0.28 0.24 0.27 + 0.04 0.55 0.21 0.01 0.00 0.01 + 0.01 0.08 0.00 0.02 0.01 0.02 unch 0.00 0.10 0.01 0.22 0.00 0.19 - 0.03 0.35 0.17 0.29 0.00 0.26 - 0.05 0.69 0.24 0.04 0.03 0.04 unch 0.00 0.11 0.03 0.03 0.00 0.03 + 0.01 0.04 0.02 1.42 1.21 1.31 - 0.08 3.99 1.21 0.00 0.00 0.06 unch 0.00 0.11 0.05 0.00 0.00 0.05 unch 0.00 0.08 0.04 1.50 1.31 1.47 + 0.16 1.54 0.05 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.00 0.00 0.25 unch 0.00 0.30 0.21 0.05 0.04 0.05 + 0.00 0.12 0.04 0.07 0.06 0.06 - 0.01 0.14 0.05 0.21 0.16 0.21 + 0.04 0.48 0.14 0.16 0.16 0.16 unch 0.00 0.37 0.10 0.04 0.00 0.04 unch 0.00 0.09 0.02 0.00 0.00 0.02 unch 0.00 0.07 0.01 0.15 0.00 0.15 + 0.04 0.35 0.10 2.06 1.90 1.90 - 0.14 2.96 1.90 1.84 1.23 1.72 - 0.12 3.21 0.18 0.01 0.01 0.01 unch 0.00 0.14 0.01 0.03 0.03 0.03 - 0.01 0.20 0.03 0.04 0.04 0.04 unch 0.00 0.08 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.02 0.02 0.02 - 0.01 0.05 0.02 4.97 4.64 4.90 + 0.16 7.83 3.44 6.72 6.27 6.64 + 0.26 10.42 4.51 0.43 0.34 0.41 + 0.06 0.53 0.32 0.32 0.26 0.32 + 0.03 0.39 0.25 0.09 0.09 0.09 + 0.00 0.34 0.07 0.12 0.09 0.12 + 0.01 0.32 0.09 2.06 1.65 1.69 - 0.10 3.14 0.60 2.80 2.19 2.19 - 0.19 4.05 0.76 0.07 0.06 0.06 - 0.01 0.26 0.06 0.00 0.00 0.00 unch 0.00 0.13 0.00

I-Minerals* O 4 I-Minerals V 300 IAMGOLD T 8388 21685 IAMGOLD* N Icon Explor* O 3 Iconic Mnls V 196 Iconic Mnls * O 15 iMetal Res* O 156 iMetal Res V 681 IMPACT Silver V 76 Impala Platnm* O 0 Imperial Metal* O 9 Imperial Metal T 87 Imperial Mg Gr V 491 Inca One Gold* O 83 Inca One Gold V 204 Inception Mng * O 407 Independence G V 69 Independence G* O 1 Indiana Res* O 2 Indico Res V 200 Infinite Lith V 11 Infinite Lith* O 2 Infrastructure* O 40 Inomin Mines V 15 Inspiration Mg* O 1 Intact Gold V 782 Integra Res* O 76 Integra Res V 55 Inter-Rock Mnl V 18 Inter-Rock Mnl* O 32 Intercontinent V 2 Intercontinent* O 0 Intgr Egy Sol* O 500216 Intl Battery* O 118 Intl Battery 235 Intl Bethl Mng V 28 Intl Cobalt* O 641 Intl Cobalt 1454 Intl Lithium* O 74 Intl Lithium V 1213 Intl Montoro* O 251 Intl Montoro V 1087 0 Intl Prospect * O Intl Prospect V 4 Intl Samuel Ex V 326 Intl Star* O 10332 Intl Tower Hil* X 195 Intl Tower Hil T 69 Intl Zeolite V 660 Intl Zeolite* O 18 Intrepid Pots* N 2388 INV Metals* O 11 INV Metals T 17 Inventus Mg * O 28 Inventus Mg V 87 InZinc Mining V 406 InZinc Mining* O 50 O 16 Ireland* Irving Res 65 Irving Res* O 72 IsoEnergy Ltd V 1351 Itafos* O 11 Itafos V 152 Itoco Inc* O 0 Ivanhoe Mines* O 144 Ivanhoe Mines T 2485 Jade Leader* O 0 Jade Leader V 97 Jaeger Res * O 0 Jaeger Res V 14 Jaguar Mng T 470 Jaguar Mng* O 157 Japan Gold V 1768 Japan Gold* O 107 Jaxon Mining* O 48 Jaxon Mining V 191 Jayden Res* O 0 Jayden Res V 534 Jazz Res V 20 JDF Explor Inc 2 Jiulian Res V 402 Jourdan Res V 510 Jubilee Metals* O 0 Juggernaut Exp V 1127 O 6 Juggernaut Exp* K2 Gold V 8 K92 Mining* O 716 K92 Mining V 1388 V 123 Kaizen Discov Kaizen Discvry* O 1 Kapuskasing Gd V 217 Karam Min 5 Karmin Expl V 16 Karnalyte Res T 47 Karoo Expl V 354 KAT Expl* O 14322 Katanga Mng T 280 Kenadyr Mining V 44 Kenadyr Mining* O 12 Kermode Res V 1 Kerr Mines* O 207 Kerr Mines T 401 Kesselrun Res* O 21 Kesselrun Res V 404 Kestrel Gold V 511 Kilo Goldmines V 475 Kincora Copper* O 70 Kincora Copper V 89 Kings Bay Res* O 8 Kingsmen Res V 2 Kingsmen Res* O 0 Kinross Gold T 18417 Kinross Gold* N 32944 Kintavar Exp V 233 Kirkland Lake* N 7809 Kirkland Lake T 19258 Klondike Gold* O 151 Klondike Gold V 136 Klondike Silv* O 54 Klondike Silv V 81 Kombat Copper V 95 Komet Resource V 111 Kootenay Silvr* O 101 Kootenay Silvr V 475 Kootenay Zinc 39 Kootenay Zinc* O 8 KOPR Point 98 Kore Mining V 206

0.08 0.00 0.08 + 0.03 0.18 0.05 0.13 0.06 0.13 + 0.04 0.27 0.06 3.41 3.08 3.37 + 0.11 8.19 3.08 2.53 2.28 2.51 + 0.09 6.28 2.28 0.09 0.08 0.09 + 0.01 0.21 0.07 0.11 0.10 0.10 - 0.02 0.19 0.09 0.09 0.07 0.07 - 0.02 0.14 0.06 0.04 0.04 0.04 unch 0.00 0.14 0.04 0.05 0.05 0.05 unch 0.00 0.19 0.05 0.27 0.25 0.27 + 0.01 0.45 0.20 0.00 0.00 1.82 unch 0.00 1.85 1.15 2.00 1.86 1.98 + 0.08 2.60 0.72 2.70 2.41 2.70 + 0.24 3.50 0.93 0.07 0.06 0.07 + 0.01 0.11 0.05 0.03 0.02 0.02 - 0.01 0.05 0.02 0.05 0.04 0.04 unch 0.00 0.07 0.04 0.26 0.11 0.11 - 0.15 0.55 0.00 0.07 0.06 0.06 - 0.01 0.11 0.04 0.03 0.03 0.03 unch 0.00 0.08 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.06 0.00 0.06 unch 0.00 0.18 0.05 0.04 0.04 0.04 unch 0.00 0.14 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.03 0.03 0.03 unch 0.00 0.11 0.02 0.03 0.03 0.03 unch 0.00 0.04 0.00 0.06 0.05 0.05 - 0.01 1.18 0.05 0.61 0.55 0.61 + 0.01 0.74 0.44 0.80 0.74 0.80 + 0.01 0.93 0.61 0.25 0.25 0.25 unch 0.00 0.39 0.20 0.19 0.18 0.19 unch 0.00 0.29 0.18 0.00 0.00 0.09 unch 0.00 0.60 0.09 0.00 0.00 0.11 unch 0.00 0.47 0.10 0.00 0.00 0.00 + 0.00 0.00 0.00 0.08 0.06 0.06 - 0.02 0.32 0.03 0.11 0.08 0.09 - 0.03 0.42 0.05 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.02 0.01 0.02 - 0.00 0.15 0.01 0.02 0.01 0.02 unch 0.00 0.19 0.01 0.05 0.00 0.04 - 0.00 0.09 0.02 0.07 0.00 0.06 unch 0.00 0.12 0.03 0.05 0.04 0.04 - 0.00 0.06 0.02 0.07 0.05 0.05 unch 0.00 0.09 0.04 0.09 0.00 0.09 unch 0.00 0.23 0.09 0.17 0.00 0.16 - 0.01 0.38 0.12 0.02 0.00 0.02 unch 0.00 0.13 0.02 0.00 0.00 0.00 - 0.00 0.00 0.00 0.51 0.45 0.50 + 0.04 0.72 0.35 0.66 0.62 0.66 + 0.02 0.94 0.48 0.11 0.10 0.10 - 0.01 0.33 0.05 0.09 0.08 0.08 - 0.01 0.25 0.01 3.21 3.05 3.16 + 0.05 4.86 2.51 0.27 0.25 0.25 - 0.00 0.59 0.25 0.39 0.36 0.36 unch 0.00 0.83 0.32 0.08 0.08 0.08 unch 0.00 0.18 0.07 0.12 0.11 0.11 - 0.01 0.25 0.10 0.04 0.03 0.04 unch 0.00 0.14 0.03 0.03 0.03 0.03 - 0.00 0.10 0.02 0.17 0.13 0.17 + 0.04 0.20 0.03 2.92 2.75 2.84 + 0.16 3.15 0.91 2.20 1.99 2.10 + 0.11 2.33 0.70 0.52 0.37 0.52 + 0.13 0.66 0.28 0.60 0.54 0.57 - 0.03 1.87 0.47 0.78 0.69 0.69 - 0.07 2.48 0.63 0.00 0.00 0.32 unch 0.00 0.32 0.02 2.46 2.37 2.40 - 0.02 2.75 1.50 3.35 3.22 3.26 + 0.02 3.62 2.00 0.00 0.00 0.16 unch 0.00 0.34 0.13 0.22 0.22 0.22 + 0.01 0.44 0.13 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.03 0.02 0.02 - 0.01 0.04 0.02 0.08 0.07 0.08 - 0.01 0.40 0.07 0.06 0.06 0.06 - 0.00 0.31 0.06 0.27 0.24 0.27 + 0.04 0.38 0.07 0.20 0.17 0.20 + 0.02 0.28 0.06 0.04 0.00 0.04 - 0.00 0.11 0.04 0.06 0.05 0.06 + 0.01 0.15 0.05 0.00 0.00 0.00 unch 0.00 0.12 0.00 0.03 0.02 0.02 - 0.02 0.20 0.01 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.00 0.00 0.05 unch 0.00 0.05 0.01 0.05 0.04 0.04 - 0.01 0.18 0.01 0.06 0.05 0.05 + 0.01 0.09 0.02 0.04 0.04 0.04 unch 0.00 0.04 0.03 0.09 0.08 0.08 unch 0.00 0.59 0.07 0.07 0.00 0.06 - 0.01 1.10 0.05 0.18 0.00 0.18 + 0.01 0.33 0.16 1.30 1.14 1.29 + 0.09 1.35 0.50 1.76 1.55 1.75 + 0.15 1.76 0.66 0.06 0.05 0.05 unch 0.00 0.11 0.05 0.04 0.04 0.04 unch 0.00 0.08 0.03 0.05 0.05 0.05 - 0.02 0.21 0.05 0.05 0.00 0.05 - 0.03 0.15 0.05 0.79 0.69 0.77 - 0.02 0.97 0.60 0.20 0.18 0.18 - 0.03 0.61 0.15 0.07 0.05 0.06 - 0.01 0.74 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.42 0.39 0.40 - 0.01 1.55 0.36 0.06 0.00 0.06 unch 0.00 0.20 0.06 0.05 0.04 0.04 - 0.01 0.13 0.04 0.00 0.00 0.01 unch 0.00 0.03 0.01 0.13 0.11 0.11 - 0.01 0.17 0.07 0.18 0.15 0.16 - 0.01 0.22 0.11 0.03 0.02 0.02 - 0.01 0.06 0.02 0.04 0.04 0.04 unch 0.00 0.10 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.02 0.01 0.02 unch 0.00 0.04 0.01 0.08 0.07 0.08 + 0.01 0.23 0.07 0.10 0.09 0.09 - 0.01 0.29 0.08 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.55 0.00 0.55 + 0.07 0.70 0.16 0.00 0.00 0.51 unch 0.00 0.52 0.12 4.47 4.18 4.42 + 0.20 5.20 3.15 3.31 3.10 3.27 + 0.13 3.98 2.38 0.20 0.15 0.20 + 0.05 0.45 0.11 34.72 31.34 34.51 + 1.26 36.74 17.26 46.94 42.18 46.75 + 2.03 48.48 22.42 0.19 0.16 0.18 - 0.00 0.34 0.10 0.25 0.23 0.24 + 0.01 0.44 0.17 0.04 0.03 0.04 + 0.01 0.05 0.02 0.05 0.04 0.04 unch 0.00 0.07 0.04 0.09 0.08 0.09 + 0.02 0.25 0.05 0.15 0.14 0.14 - 0.05 0.32 0.11 0.09 0.08 0.08 - 0.00 0.13 0.08 0.12 0.11 0.12 unch 0.00 0.17 0.11 0.07 0.00 0.05 - 0.01 0.29 0.05 0.06 0.02 0.03 - 0.03 0.17 0.02 0.15 0.07 0.07 - 0.08 3.95 0.01 0.20 0.19 0.19 - 0.01 0.35 0.08

I-J-K

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Kore Mining * O 0 44 Kutcho Copper * O KWG Res* O 27 KWG Res 1160

0.00 0.00 0.16 unch 0.00 0.21 0.09 0.15 0.14 0.14 - 0.02 0.46 0.14 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.01 0.01 0.01 + 0.01 0.02 0.01

Labrador Gold* O 28 V 289 Labrador Gold O 1 Labrador IMH* Labrador IOR* O 10 Labrador IOR T 759 Lara Expl V 90 Laramide Res T 184 Laredo Res* O 1786 Largo Res T 5058 Largo Res* O 843 Lateral Gold V 44 Latin American V 156 O 0 Latin American* Latin Metals V 1030 Laurion Mnl Ex* O 291 412 Laurion Mnl Ex V Le Mare Gold* O 20 Le Mare Gold V 196 Leading Edge V 5559 Leading Edge* O 3329 Leagold Mg* O 333 Leagold Mg T 921 Leeta Gold V 4908 Legion Metals 3983 Leo Res* O 85 Lepanto Con Mg* O 486 Levon Res Ltd T 3271 Levon Res Ltd * O 491 O 75 Libero Copper* Libero Copper V 369 Liberty Gold* O 356 Liberty One Li V 659 Liberty One Li* O 157 LiCo Energy* O 69 LiCo Energy V 199 Lincoln Mng V 1030 Lion One Mtls V 271 Lion One Mtls* O 226 Lions Bay Cap V 60 Lions Bay Mg 6 Lions Bay Mg * O 1 Lions Gate Mtl* O 275 Lithion Energy* O 24 Lithium Amer* N 1188 Lithium Amer T 1081 Lithium Chile V 178 Lithium Chile* O 61 Lithium Corp* O 209 Lithium Energi* O 9 Lithium Energi V 102 Lithium Expl* O 473 Lithoquest Dia V 119 Lithoquest Dia* O 0 LKA Gold* O 3 Lode-Star Mg* O 35 Logan Res* O 0 Logan Res V 154 Lomiko Mtls V 685 Lomiko Mtls* O 197 Loncor Res* O 2 Loncor Res T 868 Lone Star Gold* O 1 Lonmin plc* O 10 Lonmin plc* O 5 Los Andes V 480 Los Andes* O 17 Lovitt Res* O 5 Lucara Diam T 1180 Lucky Min* O 35 Lucky Min V 844 Luckystrike * O 3 Luckystrike V 44 Lumina Gold* O 129 Lumina Gold V 546 Luminex Res V 115 Lundin Gold T 374 Lundin Mng* O 103 Lundin Mng T 8359 Lupaka Gold V 187 Lydian Intl* O 808 Lydian Intl T 3146 Lynas Corp* O 5146 Lynas Corp* O 1622

0.14 0.14 0.14 unch 0.00 0.21 0.12 0.23 0.19 0.21 + 0.01 0.33 0.14 0.00 0.00 0.00 unch 0.00 0.11 0.00 23.27 22.24 23.17 + 0.10 25.32 17.11 31.85 30.74 31.52 + 0.52 33.81 22.25 0.45 0.43 0.45 unch 0.00 0.74 0.41 0.34 0.33 0.34 + 0.01 0.52 0.24 0.01 0.00 0.00 - 0.00 0.05 0.00 1.72 1.49 1.66 + 0.03 4.65 1.44 1.26 1.11 1.22 + 0.02 3.56 1.07 0.28 0.21 0.22 - 0.02 0.89 0.13 0.02 0.02 0.02 unch 0.00 0.07 0.01 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.03 0.03 0.03 unch 0.00 0.16 0.02 0.08 0.07 0.07 unch 0.00 0.08 0.05 0.11 0.10 0.11 unch 0.00 0.11 0.06 0.04 0.04 0.04 - 0.00 0.30 0.00 0.07 0.03 0.03 - 0.03 0.18 0.03 0.35 0.16 0.33 + 0.16 0.70 0.10 0.26 0.11 0.24 + 0.12 0.55 0.07 1.20 1.08 1.15 + 0.02 2.24 0.95 1.61 1.46 1.55 + 0.04 2.90 1.28 0.67 0.54 0.56 - 0.06 1.20 0.24 0.62 0.47 0.50 - 0.13 0.83 0.18 0.05 0.02 0.02 - 0.01 0.60 0.01 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.12 0.07 0.10 - 0.02 0.25 0.07 0.09 0.06 0.07 - 0.02 0.18 0.06 0.08 0.08 0.08 unch 0.00 0.10 0.04 0.12 0.10 0.11 + 0.01 0.14 0.07 0.27 0.24 0.27 + 0.01 0.35 0.21 0.12 0.09 0.10 unch 0.00 0.36 0.06 0.10 0.06 0.07 - 0.00 0.29 0.04 0.08 0.05 0.05 - 0.01 0.18 0.01 0.10 0.08 0.08 - 0.01 0.60 0.07 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.71 0.68 0.70 unch 0.00 0.79 0.35 0.55 0.50 0.52 - 0.01 0.60 0.24 0.06 0.05 0.06 + 0.01 0.12 0.04 0.15 0.00 0.15 + 0.05 0.20 0.03 0.06 0.00 0.06 + 0.02 0.14 0.00 0.04 0.04 0.04 unch 0.00 0.09 0.04 0.22 0.22 0.22 unch 0.00 0.22 0.02 4.39 3.73 4.03 + 0.11 5.98 2.75 5.93 5.25 5.45 + 0.18 7.76 3.74 0.45 0.42 0.45 + 0.03 1.10 0.42 0.33 0.30 0.32 - 0.00 0.97 0.30 0.11 0.08 0.10 - 0.00 0.31 0.08 0.14 0.12 0.12 - 0.02 0.30 0.11 0.22 0.18 0.18 - 0.01 0.38 0.15 0.01 0.00 0.01 + 0.00 0.03 0.00 0.10 0.10 0.10 unch 0.00 0.54 0.08 0.00 0.00 0.08 unch 0.00 0.37 0.06 0.18 0.16 0.18 + 0.02 0.43 0.05 0.05 0.05 0.05 unch 0.00 0.15 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.24 0.19 0.24 unch 0.00 0.24 0.19 0.05 0.04 0.04 - 0.01 0.09 0.04 0.04 0.03 0.03 - 0.00 0.07 0.02 0.04 0.04 0.04 unch 0.00 0.09 0.04 0.08 0.00 0.08 unch 0.00 0.14 0.06 0.99 0.00 0.99 + 0.09 2.12 0.05 0.88 0.79 0.88 + 0.10 0.93 0.53 0.92 0.77 0.86 + 0.09 1.15 0.45 0.33 0.28 0.30 - 0.03 0.35 0.15 0.22 0.20 0.22 + 0.02 0.27 0.14 0.00 0.00 0.00 unch 0.00 0.31 0.00 1.59 1.40 1.52 + 0.11 2.39 1.38 0.05 0.04 0.04 - 0.01 0.16 0.04 0.06 0.06 0.06 - 0.01 0.21 0.06 0.11 0.11 0.11 unch 0.00 0.35 0.10 0.15 0.00 0.14 - 0.01 0.55 0.12 0.43 0.40 0.40 - 0.01 1.03 0.35 0.57 0.54 0.55 - 0.02 0.82 0.46 0.63 0.60 0.63 - 0.02 1.05 0.51 5.70 5.22 5.70 + 0.37 5.90 4.33 4.67 4.35 4.44 - 0.19 6.93 3.60 6.30 5.90 6.04 - 0.19 8.96 4.70 0.06 0.05 0.05 - 0.01 0.22 0.05 0.15 0.12 0.13 - 0.00 0.29 0.05 0.19 0.17 0.18 - 0.01 0.37 0.07 2.29 1.60 2.17 + 0.53 2.29 1.05 2.33 1.58 2.17 + 0.54 2.33 1.05

M M.P.V. Explor 433 0.15 0.14 0.14 unch 0.00 0.19 0.06 M2 Cobalt* O 10 0.13 0.13 0.13 - 0.01 0.75 0.12 Macarthur Min V 2603 0.09 0.07 0.08 - 0.01 0.17 0.02 Macarthur Min* O 1309 0.07 0.00 0.05 - 0.02 0.31 0.01 MacDonald Mns* O 53 0.03 0.03 0.03 unch 0.00 0.06 0.02 MacDonald Mns V 321 0.04 0.00 0.04 + 0.01 0.07 0.03 MAG Silver T 516 13.38 12.20 13.22 + 0.81 15.44 8.10 Magellan Gold* O 1 1.87 0.00 1.85 unch 0.00 3.80 0.78 Magna Terra V 150 0.03 0.03 0.03 unch 0.00 0.06 0.02 Magnitude Mng V 35 0.14 0.14 0.14 unch 0.00 0.30 0.14 Majestic Gold V 482 0.06 0.05 0.06 unch 0.00 0.11 0.05 O 1 0.04 0.04 0.04 unch 0.00 0.08 0.04 Majestic Gold* Makena Res* O 60 0.05 0.05 0.05 unch 0.00 2.18 0.85 Mako Mining* O 88 0.08 0.00 0.08 + 0.00 0.17 0.01 Mako Mining V 255 0.12 0.11 0.12 - 0.01 0.24 0.10 Mammoth Res V 529 0.03 0.03 0.03 - 0.01 0.09 0.03 Mammoth Res * O 140 0.01 0.01 0.01 unch 0.00 0.05 0.01 Mandalay Res* O 598 0.07 0.05 0.05 - 0.01 0.18 0.03 Mandalay Res T 995 0.09 0.07 0.09 - 0.01 0.24 0.05 Manganese X V 824 0.18 0.14 0.17 + 0.04 0.20 0.08 Manganese X* O 11 0.09 0.09 0.09 unch 0.00 0.16 0.07 Mangazeya Mng* O 7 0.02 0.00 0.02 unch 0.00 0.04 0.01 Mangazeya Mng V 3 0.03 0.00 0.03 unch 0.00 0.05 0.02 unch 0.00 0.11 0.03 Manitou Gold V 1804 0.06 0.05 0.06 Maple Gold V 1077 0.09 0.08 0.09 + 0.01 0.21 0.08 Maple Gold* O 226 0.07 0.05 0.07 + 0.00 0.17 0.05 O 404 0.86 0.75 0.83 + 0.01 0.86 0.49 Marathon Gold* Marathon Gold T 851 1.17 1.06 1.10 - 0.01 1.17 0.65 Margaret Lake V 135 0.04 0.04 0.04 - 0.01 0.13 0.02 Margaux Res V 220 0.07 0.05 0.07 unch 0.00 0.24 0.03 unch 0.00 0.22 0.05 Marifil Mines V 371 0.11 0.10 0.10 Marifil Mines* O 140 0.08 0.06 0.07 + 0.00 0.15 0.04 Maritime Res V 194 0.10 0.09 0.10 + 0.01 0.14 0.07 Martina Mnls V 280 0.08 0.05 0.08 unch 0.00 0.10 0.04 MartinMarietta* N 2660 214.56 205.02 210.50 - 1.62 232.89 150.75 Mas Gold V 260 0.08 0.08 0.08 - 0.01 0.16 0.04 Mason Graphite* O 60 0.30 0.26 0.28 + 0.01 1.43 0.18 Mason Graphite V 198 0.39 0.35 0.37 + 0.01 1.85 0.25 Matachewan Con V 2 0.13 0.13 0.13 unch 0.00 0.25 0.12 Matica Ent 1511 0.10 0.09 0.09 - 0.01 0.32 0.07 Matmown* O 30 0.01 0.01 0.01 unch 0.00 0.08 0.01 O 14 1.99 1.97 1.97 unch 0.00 2.18 1.11 Maverix Metals* Maverix Metals V 57 5.42 5.00 5.40 + 0.11 5.72 3.16 Mawson Res* O 76 0.14 0.14 0.14 + 0.01 0.27 0.13 Mawson Res T 595 0.24 0.18 0.19 - 0.03 0.39 0.17 MAX Res V 1127 0.15 0.12 0.13 - 0.02 0.50 0.12 MaxTech Vent 294 0.06 0.04 0.04 - 0.02 0.33 0.04 MaxTech Vent* O 98 0.04 0.03 0.03 - 0.01 0.27 0.03 Maxwell Res* O 16 0.02 0.01 0.02 + 0.01 0.02 0.00 Maya Gold &Sil* O 24 1.66 1.54 1.57 - 0.04 2.28 1.20 Maya Gold &Sil T 51 2.30 2.02 2.15 - 0.03 3.00 1.58 Mazarin V 11 0.08 0.08 0.08 - 0.01 0.18 0.06 unch 0.00 1.00 0.01 MBMI Res* O 2 0.01 0.01 0.01 MBMI Res V 11 0.02 0.02 0.02 unch 0.00 0.07 0.02 McChip Res V 10 0.65 0.65 0.65 unch 0.00 0.93 0.56 McEwen Mng T 1012 1.89 1.67 1.82 + 0.06 3.28 1.67 McEwen Mng* N 9466 1.40 1.23 1.35 + 0.03 2.52 1.23 McLaren Res 115 0.03 0.00 0.03 unch 0.00 0.10 0.01 MDN Inc* O 7 0.13 0.13 0.13 + 0.00 0.23 0.13 Meadow Bay Gd 243 0.04 0.03 0.04 - 0.01 0.19 0.03 Meadow Bay Gd* O 21 0.03 0.03 0.03 - 0.01 0.13 0.02 Mechel* N 316 1.96 1.81 1.82 - 0.13 3.68 1.81 Medallion Res V 2879 0.19 0.12 0.16 + 0.04 0.19 0.08 Medallion Res* O 1903 0.15 0.08 0.12 + 0.03 0.15 0.06 Medgold Res V 228 0.13 0.11 0.11 + 0.01 0.51 0.09 Medgold Res* O 60 0.09 0.08 0.09 + 0.00 0.38 0.08 Medinah Mnrls* O 1860 0.00 0.00 0.00 - 0.00 0.01 0.00 O 91 0.08 0.06 0.07 + 0.01 0.14 0.06 Mega Uranium* Mega Uranium T 1123 0.10 0.09 0.10 + 0.01 0.18 0.09 Megastar Dev V 460 0.08 0.08 0.08 - 0.01 0.09 0.04 MegumaGold* O 30 0.07 0.07 0.07 unch 0.00 0.20 0.07 MegumaGold 131 0.17 0.13 0.16 + 0.02 0.30 0.08 Melior Res V 50 0.35 0.35 0.35 unch 0.00 1.08 0.21 Melkior Res V 171 0.04 0.03 0.04 unch 0.00 0.13 0.03 Meridian Mg V 74 0.19 0.13 0.18 - 0.01 0.35 0.05 Meridian Mg * O 13 0.05 0.05 0.05 unch 0.00 0.08 0.05 Meridius Res V 14 0.19 0.15 0.19 unch 0.00 0.22 0.09 Meryllion Res 450 0.02 0.02 0.02 + 0.01 0.04 0.01 Meryllion Res* O 0 0.00 0.00 0.00 unch 0.00 0.02 0.00 MetalCorp V 50 0.02 0.00 0.01 unch 0.00 0.02 0.01 Metalex Vent V 85 0.04 0.04 0.04 unch 0.00 0.06 0.02 Metalla Rylty* O 800 0.82 0.68 0.81 + 0.07 1.08 0.48

2019-06-03 1:08 PM

WWW.NORTHERNMINER.COM

JUNE 10–23, 2019 / THE NORTHERN MINER

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

Week

12-month

Exc Volume High Low Last Change High Low

Metalla Rylty V 791 Metallic Mnrls* O 32 Metallic Mnrls V 291 Metallis Res V 63 Metalo Manuf 4 Metals Creek V 1246 Metals Creek* O 10 Metals X* O 375 Metron Capital V 23 Mexican Gold* O 48 Mexivada Mng* O 13 Mexus Gold* O 2532 O 384 MGX Minerals* MGX Minerals 554 Midas Gold T 400 Midas Gold* O 1120 Midland Expl V 117 Midnight Star 347 Midnight Sun V 296 Millennial Lit* O 37 Millennial Lit V 182 Millrock Res* O 382 Millrock Res V 398 Minaurum Gold V 107 Minaurum Gold* O 127 Minco Silver* O 7 Minco Silver T 179 Minecorp Egy * O 0 Minera Alamos * O 129 V 1157 Minera Alamos Minera IRL 112 Mineral Mtn* O 132 Mineral Mtn V 95 MineralRite* O 4100 V 626 Mineworx Tech Mineworx Tech* O 227 Minfocus Expl V 145 Minfocus Expl* O 1 O 1250 Mining Global* Minnova Corp V 187 Minsud Res V 10 Miramont Res* O 247 Miramont Res 423 Mirasol Res V 113 Mistango River 135 Mkango Res V 126 ML Gold* O 165 ML Gold Corp V 1245 Monarca Mnrls* O 80 V 578 Monarca Mnrls T 374 Monarch Gold Monarch Gold* O 210 Moneta Porcpn* O 1610 Moneta Porcpn T 2593 33 Monitor Vent V Monitor Vent* O 20 Monster Uran* O 0 Monster Uran V 4 Monterey Min 586 Montero Mg&Ex V 82 Montero Mg&Ex * O 0 V 112 Monument Mng Morien Res* O 6 Morien Res V 287 N 21803 Mosaic* Mountain Boy V 3 Mountain Boy* O 49 Mountain Prov* D 257 Mountain Prov T 3001 O 121 Mundoro Cap* Mundoro Cap V 344 Murchison Min V 3 MX Gold* O 123

1.10 0.92 1.07 + 0.08 1.43 0.63 0.09 0.08 0.09 + 0.01 0.24 0.08 0.12 0.11 0.12 unch 0.00 0.31 0.11 0.50 0.45 0.48 + 0.02 1.44 0.39 0.35 0.28 0.35 + 0.08 0.45 0.10 0.04 0.04 0.04 unch 0.00 0.11 0.03 0.03 0.03 0.03 unch 0.00 0.08 0.02 0.15 0.15 0.15 unch 0.00 0.63 0.15 0.05 0.05 0.05 - 0.02 0.07 0.05 0.07 0.07 0.07 - 0.00 0.28 0.06 0.00 0.00 0.00 + 0.00 0.00 0.00 0.01 0.01 0.01 + 0.00 0.02 0.00 0.19 0.16 0.17 - 0.02 1.08 0.16 0.25 0.22 0.23 - 0.02 1.39 0.22 0.65 0.57 0.63 + 0.02 1.12 0.56 0.47 0.41 0.47 + 0.02 0.87 0.41 0.99 0.89 0.90 - 0.07 1.46 0.66 0.22 0.19 0.20 unch 0.00 0.40 0.11 0.13 0.12 0.12 unch 0.00 0.30 0.10 1.30 1.12 1.20 + 0.08 2.04 0.67 1.76 1.58 1.63 - 0.03 2.69 1.04 0.08 0.06 0.07 + 0.00 0.31 0.05 0.11 0.09 0.11 + 0.02 0.40 0.07 0.38 0.35 0.38 + 0.03 0.67 0.32 0.29 0.26 0.27 + 0.01 0.51 0.23 0.37 0.30 0.34 - 0.03 0.53 0.24 0.47 0.00 0.46 - 0.01 0.70 0.35 0.00 0.00 0.01 unch 0.00 0.05 0.01 0.08 0.07 0.08 + 0.00 0.12 0.06 0.11 0.10 0.11 + 0.01 0.15 0.09 0.09 0.09 0.09 - 0.01 0.12 0.05 0.10 0.09 0.10 + 0.00 0.27 0.05 0.14 0.12 0.13 unch 0.00 0.34 0.07 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.11 0.10 0.10 - 0.01 0.23 0.09 0.08 0.07 0.08 - 0.00 0.17 0.07 0.05 0.05 0.05 + 0.01 0.14 0.03 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.00 0.00 0.00 + 0.00 0.00 0.00 0.11 0.09 0.10 unch 0.00 0.82 0.09 0.06 0.06 0.06 unch 0.00 0.08 0.05 0.16 0.12 0.12 - 0.03 0.48 0.09 0.20 0.16 0.18 - 0.03 0.63 0.12 0.61 0.55 0.56 - 0.01 2.00 0.53 0.03 0.00 0.03 unch 0.00 0.05 0.01 0.18 0.14 0.18 + 0.04 0.19 0.10 0.54 0.40 0.54 + 0.14 0.54 0.01 0.77 0.57 0.75 + 0.15 1.35 0.12 0.03 0.03 0.03 unch 0.00 0.05 0.01 0.06 0.05 0.06 + 0.02 0.06 0.02 0.23 0.20 0.22 - 0.01 0.33 0.15 0.17 0.16 0.17 + 0.01 0.24 0.11 0.11 0.07 0.10 + 0.02 0.12 0.06 0.14 0.10 0.13 + 0.03 0.16 0.07 0.23 0.18 0.18 - 0.05 0.98 0.16 0.16 0.00 0.13 - 0.01 0.80 0.12 0.00 0.00 0.11 unch 0.00 0.11 0.04 0.10 0.10 0.10 unch 0.00 0.32 0.10 0.06 0.04 0.05 unch 0.00 0.16 0.04 0.06 0.06 0.06 unch 0.00 0.26 0.06 0.05 0.05 0.05 unch 0.00 0.19 0.06 0.05 0.05 0.05 unch 0.00 0.08 0.05 0.39 0.35 0.37 - 0.02 0.47 0.30 0.52 0.48 0.48 - 0.02 0.61 0.42 22.00 20.81 21.47 - 0.13 37.37 20.81 0.21 0.00 0.21 - 0.05 0.43 0.15 0.17 0.17 0.17 unch 0.00 0.19 0.04 1.01 0.80 0.97 + 0.01 2.65 0.80 1.43 1.08 1.32 + 0.03 3.47 1.08 0.09 0.08 0.09 + 0.01 0.19 0.08 0.13 0.12 0.12 unch 0.00 0.25 0.10 0.00 0.00 0.08 unch 0.00 0.18 0.06 0.01 0.00 0.00 - 0.00 0.04 0.00

NA Frac Sand* O 558 NACCO Ind* N 43 Namibia Crit V 352 Namibia Crit* O 243 Napier Vent V 6 68 Natural Res Pt* N O 18 Nautilus Mnrls* Navis Res Corp* O 0 Navy Res V 32 Nemaska Lith T 18549 O 1007 Nemaska Lith* Neo Lithium V 264 Neometals* O 15 O 175 Network Expl* Network Expl V 241 Nevada Copper T 475 Nevada Energy* O 20 V 7 Nevada Energy Nevada Expl * O 359 Nevada Expl V 541 Nevada Sunrise* O 86 V 158 Nevada Sunrise Nevada Zinc V 25 Nevado Res V 53 New Age Metals* O 130 New Age Metals V 1313 New Carolin Gd* O 248 New Carolin Gd V 278 680 New Destiny Mg V New Dimen Res V 539 New Egy Min* O 1 New Energy Met* O 1 84 New Energy Met V New Gold* X 9855 New Gold T 4768 New Guinea Gld* O 167 New Jersey Mng* O 695 New Klondike* O 5 New Milln Iron T 672 New Milln Iron* O 31 New Nadina* O 50 New Nadina V 11 New Oroperu V 2 New Pac Metals V 157 New Pac Metals* O 25 New Stratus* O 0 New Tech Min* O 1 New Tech Min 138 Newlox Gold 21 Newmac Res* O 1 Newmont Gdcorp* N 44151 Newmont Gdcorp T 852 Newport Expl V 197 Newport Gold* O 148 NewRange Gold* O 172 NewRange Gold V 187 Nexa Resources T 1 Nexa Resources* N 438 Nexco Res 75 Nexgen Energy* X 2518 Nexgen Energy T 1881 NextSource Mat T 381 Nexus Gold* O 95 Nexus Gold V 406 NGEx Res* O 22 NGEx Res T 17 Nickel Creek T 256 Nickel Creek* O 251 Nickel North V 160 Nicola Mg Inc V 140 3 Nicola Mg Inc* O Nighthawk Gold* O 734 Nighthawk Gold T 4218 Niobay Metals V 141 Niocan Inc V 38 Niocorp Dev T 506 Niocorp Dev* O 698 Nippon Dragon V 241 Nippon Dragon* O 226 Nitinat Mnls V 2629 Noble Metal V 2178 Noble Metal * O 19 Noble Mineral V 809 Noble Mineral* O 3 Noka Res* O 724 Noram Vent V 408 Noranda Alum* O 28 Nordic Gold* O 50 Nordic Gold V 400 Noront Res V 253 Norra Metals V 25 Norsemont Cap* O 10 Norsemont Cap 4

0.02 0.01 0.02 - 0.00 0.03 0.00 51.95 49.61 49.96 - 1.46 52.57 28.77 0.25 0.15 0.20 + 0.04 0.46 0.08 0.17 0.10 0.16 + 0.04 0.36 0.06 0.20 0.20 0.20 unch 0.00 0.44 0.17 40.60 38.83 39.76 - 0.31 44.71 28.40 0.02 0.01 0.01 - 0.01 0.17 0.00 0.00 0.00 0.24 unch 0.00 0.28 0.24 0.15 0.15 0.15 unch 0.00 0.24 0.15 0.33 0.27 0.28 - 0.05 1.08 0.25 0.24 0.20 0.20 - 0.03 0.84 0.19 0.78 0.68 0.70 - 0.09 1.60 0.55 0.19 0.19 0.19 unch 0.00 0.39 0.10 0.42 0.33 0.33 - 0.02 0.45 0.19 0.50 0.44 0.44 - 0.06 0.54 0.23 0.39 0.37 0.37 - 0.01 0.72 0.33 0.09 0.08 0.08 - 0.00 0.17 0.08 0.12 0.00 0.12 + 0.01 0.25 0.10 0.20 0.16 0.19 - 0.00 0.39 0.09 0.26 0.22 0.25 + 0.01 0.50 0.12 0.05 0.04 0.04 + 0.01 0.13 0.04 0.07 0.06 0.07 + 0.01 0.17 0.06 0.07 0.07 0.07 unch 0.00 0.22 0.05 0.11 0.11 0.11 unch 0.00 0.80 0.09 0.05 0.03 0.04 - 0.01 0.08 0.03 0.06 0.05 0.06 unch 0.00 0.10 0.05 0.08 0.06 0.06 - 0.02 0.33 0.06 0.09 0.08 0.09 + 0.01 0.45 0.08 0.17 0.13 0.17 + 0.04 0.25 0.10 0.05 0.04 0.05 + 0.01 0.28 0.04 0.02 0.02 0.02 unch 0.00 0.05 0.00 0.12 0.12 0.12 unch 0.00 0.14 0.12 0.25 0.18 0.25 + 0.08 3.00 0.14 0.68 0.62 0.65 - 0.01 2.31 0.61 0.94 0.84 0.86 - 0.04 3.06 0.82 0.00 0.00 0.00 - 0.00 0.00 0.00 0.15 0.11 0.15 + 0.02 0.25 0.11 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.09 0.07 0.07 unch 0.00 0.11 0.04 0.07 0.05 0.05 unch 0.00 0.08 0.03 0.07 0.07 0.07 unch 0.00 0.17 0.03 0.09 0.00 0.09 + 0.01 0.22 0.05 0.28 0.00 0.28 unch 0.00 0.40 0.22 2.04 1.66 1.95 - 0.09 2.51 1.18 1.55 1.24 1.45 - 0.06 1.89 0.86 0.00 0.00 0.10 unch 0.00 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.03 0.02 0.03 + 0.02 0.07 0.02 0.04 0.03 0.04 + 0.01 0.06 0.03 0.00 0.00 0.00 unch 0.00 0.04 0.00 33.40 31.10 33.09 + 1.17 39.19 29.06 45.17 42.00 44.65 + 1.80 44.55 40.01 0.31 0.30 0.30 - 0.01 0.36 0.22 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.12 0.09 0.11 + 0.01 0.21 0.04 0.15 0.13 0.15 + 0.02 0.25 0.07 12.98 12.76 12.95 + 0.12 21.66 11.00 9.76 9.42 9.58 unch 0.00 16.89 8.22 0.07 0.07 0.07 unch 0.00 0.28 0.06 1.52 1.35 1.52 + 0.14 2.53 1.35 2.04 1.83 2.04 + 0.18 3.31 1.81 0.10 0.09 0.09 - 0.01 0.16 0.05 0.07 0.05 0.06 - 0.00 0.28 0.04 0.09 0.08 0.09 + 0.01 0.37 0.08 0.75 0.74 0.74 - 0.02 0.87 0.73 1.05 1.00 1.05 + 0.04 1.20 0.94 0.05 0.00 0.04 + 0.01 0.27 0.03 0.03 0.03 0.03 - 0.00 0.21 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.10 0.09 0.10 + 0.01 0.17 0.08 0.07 0.07 0.07 unch 0.00 0.13 0.06 0.34 0.27 0.30 + 0.03 0.40 0.22 0.46 0.37 0.40 + 0.03 0.52 0.30 0.18 0.17 0.17 - 0.01 0.37 0.16 0.17 0.14 0.17 + 0.03 0.36 0.06 0.61 0.54 0.58 + 0.04 0.72 0.52 0.46 0.40 0.44 + 0.04 0.55 0.39 0.03 0.02 0.03 + 0.01 0.04 0.01 0.02 0.02 0.02 + 0.00 0.04 0.00 0.07 0.07 0.07 + 0.01 0.16 0.03 0.01 0.01 0.01 - 0.01 0.03 0.01 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.10 0.08 0.08 unch 0.00 0.18 0.06 0.06 0.06 0.06 unch 0.00 0.13 0.04 0.11 0.08 0.09 - 0.01 0.58 0.08 0.11 0.09 0.09 - 0.02 0.32 0.09 0.01 0.00 0.01 unch 0.00 0.06 0.01 0.04 0.04 0.04 unch 0.00 0.12 0.02 0.05 0.05 0.05 + 0.01 0.17 0.03 0.24 0.23 0.24 + 0.01 0.39 0.21 0.06 0.05 0.06 + 0.01 0.15 0.04 0.25 0.25 0.25 unch 0.00 0.29 0.25 0.43 0.43 0.43 unch 0.00 0.46 0.25

N-O

20-23_JUNE10_StockTables.indd 22

(100s) Stock

Week

(100s) Stock

12-month

Exc Volume High Low Last Change High Low

Nortec Mnls V 442 332 North Am Nickl V North Am Nickl* O 7 North Am Pall T 451 48 North Am Pall* O North Arrow Mn V 126 North Bay Res * O 1413 Northcliff Res T 94 Northern Light 45 Northern Uran V 3502 Northisle C&G V 139 Norvista Cap V 54 T 236 NorZinc NorZinc* O 85 Nouveau Monde V 188 O 51 Nouveau Monde* T 588 NovaGold Res NovaGold Res* X 5964 Novo Res* O 610 Novo Res V 903 NRG Metals V 219 Nrthn Graphite V 20 Nrthn Graphite* O 134 Nrthn Lion* O 0 Nrthn Lion V 39 Nrthn Mnrls &E* O 19 Nrthn Shield V 2159 Nrthn Superior* O 54 Nrthn Superior V 229 Nrthn Vertex* O 155 Nrthn Vertex V 240 NSGold V 2 NSS Res Inc 983 Nthn Dynasty T 451 Nthn Dynasty* X 4538 Nubian Res V 208 Nuinsco Res 551 Nuinsco Res* O 875 NuLegacy Gold V 69 NuLegacy Gold* O 283 N 12040 Nutrien* Nutrien T 6726 NV Gold V 43 NV Gold* O 17 NX Uranium* O 2 NxGold Ltd* O 60 NxGold Ltd V 491 Nyrstar NV* O 0 O.T. Mining* O 3 OceanaGold* O 4 OceanaGold T 4788 Oceanic Iron O V 62 O 10 Oceanus Res* Oceanus Res V 169 Olivut Res* O 6 Olivut Res V 78 Omineca Mining* O 400 Omineca Mining V 286 One World Lith* O 281 One World Lith 771 Opawica Expl* O 0 Opawica Expl V 0 Opus One Res V 183 Orbite Tech* O 262 Orca Gold V 215 Orca Gold* O 56 Orefinders Res V 343 Orestone Mng V 332 Orex Mnrls* O 14 Orex Mnrls V 174 O 114 Orezone Gold* Orezone Gold V 1255 Orford Mining V 82 OrganiMax* O 1 OrganiMax V 51 Origin Gold V 525 Original Sixtn* O 10 217 Orla Mng Ltd T Orla Mng Ltd* O 100 Oro East Mg* O 566 Oroco Res V 351 Oroco Res* O 174 Orocobre T 182 Oronova Energy* O 440 Oronova Energy V 160 Oroplata Res* O 1183 Orosur Mng T 400 Orsu Metals V 26 Orsu Metals* O 1 Orvana Mnrls T 510 Orvana Mnrls* O 90 Osino Res V 74 Osisko Gold* N 1718 Osisko Gold T 1317 Osisko Metals* O 146 V 1399 Osisko Metals Osisko Mng Inc T 2001 Osprey Gold V 721 Otis Gold V 233 Otis Gold* O 120 Outcrop Gold V 298 Outcrop Gold* O 177 OZ Minerals* O 3

0.02 0.02 0.02 unch 0.00 0.08 0.02 0.03 0.02 0.02 - 0.01 0.08 0.02 0.01 0.01 0.01 + 0.00 0.06 0.01 11.58 11.06 11.46 + 0.23 26.30 8.62 8.54 8.18 8.46 + 0.13 19.91 6.62 0.08 0.06 0.06 - 0.01 0.22 0.06 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.08 0.08 0.08 - 0.01 0.11 0.05 0.03 0.03 0.03 unch 0.00 0.15 0.02 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.07 0.00 0.06 unch 0.00 0.16 0.05 0.10 0.09 0.10 - 0.01 0.15 0.06 0.11 0.10 0.11 unch 0.00 0.17 0.08 0.08 0.07 0.07 - 0.00 0.13 0.05 0.25 0.24 0.25 + 0.02 0.33 0.21 0.19 0.17 0.18 + 0.01 0.26 0.17 5.50 5.00 5.49 + 0.43 6.32 4.49 4.07 3.69 4.05 + 0.28 4.85 3.41 1.55 1.38 1.38 - 0.15 5.00 1.40 2.11 1.87 1.88 - 0.18 4.98 1.87 0.31 0.28 0.29 - 0.01 1.52 0.12 0.15 0.14 0.14 - 0.01 0.45 0.14 0.12 0.10 0.12 + 0.01 0.34 0.09 0.00 0.00 0.15 unch 0.00 0.16 0.15 0.23 0.23 0.23 unch 0.00 0.46 0.15 0.05 0.04 0.04 - 0.00 0.12 0.02 0.10 0.08 0.10 + 0.01 0.10 0.02 0.11 0.11 0.11 - 0.01 0.22 0.02 0.17 0.11 0.13 - 0.03 0.40 0.11 0.14 0.12 0.13 - 0.01 0.36 0.12 0.18 0.16 0.17 unch 0.00 0.46 0.16 0.00 0.00 0.11 unch 0.00 0.15 0.07 0.05 0.03 0.03 - 0.03 0.45 0.03 0.67 0.60 0.60 - 0.06 1.47 0.57 0.51 0.44 0.44 - 0.05 1.12 0.42 0.08 0.07 0.07 - 0.02 0.28 0.07 0.01 0.01 0.01 unch 0.00 0.08 0.01 0.00 0.00 0.00 unch 0.00 0.04 0.00 0.09 0.00 0.09 unch 0.00 0.22 0.08 0.07 0.06 0.06 - 0.00 0.17 0.06 49.38 47.40 48.74 + 0.57 58.99 43.96 66.75 63.92 65.92 + 1.22 76.17 59.97 0.16 0.14 0.16 + 0.02 0.31 0.07 0.13 0.11 0.12 + 0.01 0.24 0.05 0.30 0.24 0.30 unch 0.00 1.00 0.01 0.04 0.04 0.04 - 0.01 0.19 0.04 0.06 0.05 0.06 + 0.01 0.25 0.05 0.00 0.00 0.39 unch 0.00 5.63 0.39 0.09 0.05 0.09 unch 0.00 0.24 0.04 2.71 2.61 2.71 + 0.05 3.74 2.41 3.83 3.54 3.73 + 0.07 5.01 3.13 0.10 0.00 0.09 - 0.02 0.15 0.04 0.06 0.06 0.06 unch 0.00 0.17 0.04 0.09 0.07 0.09 + 0.01 0.22 0.05 0.11 0.08 0.08 - 0.00 0.12 0.05 0.11 0.10 0.11 unch 0.00 0.16 0.07 0.06 0.06 0.06 unch 0.00 0.07 0.01 0.08 0.07 0.08 + 0.01 0.09 0.02 0.17 0.14 0.15 + 0.00 0.17 0.10 0.20 0.17 0.20 + 0.01 0.22 0.12 0.00 0.00 0.05 unch 0.00 0.05 0.02 0.00 0.00 0.07 unch 0.00 0.14 0.05 0.05 0.05 0.05 + 0.01 0.10 0.02 0.12 0.05 0.10 - 0.01 0.17 0.00 0.36 0.32 0.35 unch 0.00 0.64 0.32 0.27 0.00 0.27 - 0.02 0.50 0.24 0.05 0.04 0.05 + 0.01 0.10 0.03 0.15 0.10 0.12 - 0.03 0.25 0.06 0.05 0.04 0.04 - 0.01 0.13 0.04 0.06 0.05 0.06 - 0.01 0.17 0.05 0.35 0.31 0.34 + 0.02 0.66 0.30 0.48 0.43 0.46 + 0.01 0.86 0.39 0.11 0.11 0.11 unch 0.00 0.33 0.07 0.05 0.00 0.05 unch 0.00 0.14 0.02 0.08 0.00 0.07 unch 0.00 0.66 0.06 0.10 0.09 0.10 + 0.01 0.15 0.07 0.12 0.10 0.10 - 0.02 0.20 0.00 1.07 0.98 1.04 - 0.03 1.55 0.85 0.74 0.73 0.73 unch 0.00 1.14 0.00 0.00 0.00 0.00 - 0.00 0.01 0.00 0.56 0.52 0.54 - 0.01 0.74 0.17 0.42 0.39 0.40 - 0.01 0.56 0.13 3.15 2.95 2.99 - 0.15 5.82 2.74 0.05 0.05 0.05 unch 0.00 0.10 0.05 0.08 0.08 0.08 unch 0.00 0.16 0.05 0.27 0.23 0.24 - 0.02 0.38 0.10 0.05 0.05 0.05 + 0.01 0.20 0.02 0.27 0.00 0.26 - 0.01 0.34 0.17 0.21 0.00 0.21 + 0.02 0.26 0.13 0.22 0.19 0.21 + 0.03 0.23 0.12 0.15 0.15 0.15 + 0.01 0.18 0.09 0.37 0.34 0.34 - 0.02 0.64 0.20 10.50 9.71 10.43 + 0.59 12.08 7.00 14.20 13.11 14.08 + 0.86 16.08 9.27 0.47 0.41 0.41 - 0.05 0.53 0.36 0.62 0.54 0.55 - 0.09 0.72 0.46 3.35 2.85 3.35 + 0.45 3.75 1.60 0.07 0.05 0.06 + 0.01 0.08 0.04 0.08 0.07 0.08 unch 0.00 0.26 0.07 0.06 0.05 0.05 - 0.01 0.21 0.05 0.31 0.27 0.31 + 0.02 0.45 0.10 0.27 0.20 0.21 - 0.03 0.33 0.01 6.19 0.00 6.19 unch 0.00 8.02 5.90

Pac Bay Mnrls* O 3 Pac Bay Mnrls V 10 5 Pac Booker Min* O Pac Booker Min V 24 Pac Imperial V 530 Pac Iron Ore V 5 Pac Ridge Expl V 609 Pac Ridge Expl* O 28 Pac Wildcat* O 92 Pacific Empire V 215 Pacific Rim 384 Pacific Rim* O 118 Pacific Silk V 100 Pacton Gold V 3642 Paladin Energy* O 734 Palamina Corp V 89 Palamina Corp* O 83 Paleo Resource V 31 Paleo Resource* O 50 Palladium One V 681 Pan Am Silver T 1509 Pan Am Silver* D 10498 Pan Global Res V 903 Pancontinental V 1269 Panex Res* O 85 Pangolin Dia V 103 Panoro Mnrls V 62 PanTerra Gold* O 8 Pantheon Vent V 117 V 153 Para Resources Parallel Mng V 528 Parallel Mng * O 10 Paramount Gold* X 87 Paringa Res* O 100 Paringa Res* D 0 Parlane Res V 216 Pasinex Res 150 Patriot Gold 3 Patriot Gold* O 86 Peabody Enrgy* N 4214 Pedro Res V 640 Pelangio Expl* O 3 Pelangio Expl V 95 Pele Mtn Res* O 25 Peloton Mnrls 116 Peloton Mnrls* O 32 PepinNini Lith* O 40 Perseus Mng T 330 Pershing Res* O 151 Peruvian Metal* O 355 V 54 Peruvian Metal Philex Mng* O 14 Philippine Mtl V 50 Pine Cliff En* O 28 Pine Cliff En T 128 Pinecrest Res V 94 Pistol Bay Mng* O 3 Pistol Bay Mng V 500 Pivit Explor 148 PJSC Polyus Gd* O 1 PJX Res V 158 Plata Latina V 0

0.04 0.04 0.04 unch 0.00 0.05 0.01 0.06 0.06 0.06 - 0.01 0.20 0.06 2.90 2.90 2.90 unch 0.00 3.10 0.50 3.85 3.50 3.84 + 0.12 4.10 0.65 0.02 0.01 0.01 - 0.01 0.05 0.01 0.07 0.07 0.07 unch 0.00 0.11 0.06 0.06 0.05 0.05 unch 0.00 0.07 0.04 0.05 0.03 0.03 - 0.01 0.05 0.02 0.00 0.00 0.00 + 0.00 0.39 0.00 0.08 0.07 0.07 - 0.02 0.16 0.06 0.19 0.14 0.15 - 0.02 0.49 0.10 0.14 0.11 0.11 - 0.02 0.38 0.07 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.14 0.11 0.12 - 0.01 0.76 0.11 0.11 0.08 0.09 + 0.00 0.35 0.08 0.26 0.22 0.23 unch 0.00 0.42 0.21 0.19 0.19 0.19 - 0.00 0.33 0.16 0.06 0.06 0.06 unch 0.00 0.10 0.03 0.05 0.04 0.04 - 0.01 0.08 0.02 0.11 0.09 0.09 - 0.02 0.15 0.03 14.76 13.85 14.67 + 0.60 24.14 13.83 10.92 10.26 10.87 + 0.38 18.40 10.26 0.12 0.08 0.11 + 0.02 0.28 0.07 0.05 0.04 0.05 + 0.01 0.09 0.02 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.05 0.04 0.05 + 0.01 0.08 0.03 0.17 0.15 0.15 - 0.01 0.35 0.13 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.05 0.04 0.04 - 0.01 0.12 0.04 0.16 0.15 0.15 - 0.01 0.22 0.12 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.77 0.70 0.71 - 0.02 1.45 0.70 0.10 0.10 0.10 unch 0.00 0.35 0.08 0.00 0.00 5.32 unch 0.00 10.38 4.70 0.06 0.00 0.04 - 0.01 0.28 0.03 0.06 0.04 0.06 unch 0.00 0.14 0.04 0.04 0.04 0.04 unch 0.00 0.10 0.04 0.06 0.05 0.06 unch 0.00 0.15 0.04 25.32 23.12 23.52 - 1.48 47.84 23.12 0.22 0.17 0.21 + 0.02 0.29 0.16 0.13 0.13 0.13 unch 0.00 0.29 0.02 0.21 0.20 0.20 unch 0.00 0.38 0.12 0.08 0.04 0.04 unch 0.00 0.12 0.02 0.11 0.09 0.10 + 0.01 0.14 0.03 0.08 0.06 0.06 - 0.01 0.10 0.05 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.44 0.41 0.44 + 0.02 0.50 0.25 0.01 0.01 0.01 + 0.00 0.05 0.00 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.04 0.00 0.04 + 0.01 0.10 0.03 0.03 0.03 0.03 unch 0.00 0.10 0.02 0.08 0.08 0.08 unch 0.00 0.14 0.04 0.15 0.14 0.14 - 0.01 0.32 0.14 0.21 0.19 0.19 - 0.02 0.45 0.18 0.18 0.00 0.18 unch 0.00 0.28 0.18 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.05 0.00 0.05 - 0.01 0.08 0.03 0.10 0.07 0.08 - 0.03 0.19 0.06 46.87 0.00 46.87 unch 0.00 48.00 30.06 0.20 0.19 0.20 unch 0.00 0.36 0.15 0.00 0.00 0.04 unch 0.00 0.05 0.02

P-Q

Week

12-month

Exc Volume High Low Last Change High Low

Plateau Energy* O 11 V 92 Plateau Energy Platinex Inc 440 Platinex Inc* O 180 Platinum Gp Mt T 55 255 Platinum Gp Mt* X Plato Gold V 1716 Playfair Mng V 709 Playfair Mng* O 1 PolyMet Mng* X 4127 PolyMet Mng T 423 Portage Res* O 3656 Portofino Res V 505 Potash Ridge* O 339 Potash Ridge T 2292 Power Group V 40 O 2 Power Group* Power Metals* O 176 Power Metals V 305 PowerOre V 274 PPX Mining V 220 PPX Mining* O 43 O 95 Precipitate Gl* Precipitate Gl V 377 Premier Gold M T 2298 Premium Expl* O 15 Pretium Res* N 5804 Pretium Res T 1635 Primary Energy 38 Prime Meridian V 47 Prism Res V 252 Prize Mng* O 22 Prize Mng V 292 ProAm Expl V 12 Probe Metals* O 353 Probe Metals V 246 Prog Planet V 1094 Prog Planet* O 4 Promithian Gl * O 0 Prophecy Coal* O 381 Prophecy Coal T 349 Prosper Gold V 213 Prospero Silvr V 419 Prospero Silvr* O 8 Provenance Gld 43 Providence V 1087 Providence Gld* O 668 PUF Vent Inc * O 3398 Puma Expl V 360 Pure Alumina* O 17 Pure Energy* O 232 Pure Energy V 197 Pure Gold Mg* O 673 Pure Gold Mg V 1093 Pure Nickel* O 470 Pure Nickel V 941 Purepoint Uran V 925 Q-Gold Res* O 0 Q-Gold Res V 4 QC Precious V 498 QC Precious * O 192 QMC Quantum Ml V 154 QMC Quantum Ml* O 293 QMX Gold* O 42 QMX Gold V 1774 Quantum Cobalt 202 Quartz Mtn Res V 0 Quartz Mtn Res* O 0 Quaterra Res V 264 Quaterra Res* O 188 12 Quest Rare Mnl* O Quinto Res V 629

0.40 0.36 0.36 + 0.01 1.27 0.34 0.51 0.48 0.50 + 0.01 1.69 0.46 0.05 0.04 0.04 - 0.01 0.11 0.03 0.04 0.04 0.04 unch 0.00 0.09 0.04 1.90 1.70 1.78 - 0.01 2.91 1.15 1.40 1.25 1.31 - 0.02 2.17 0.83 0.02 0.01 0.02 + 0.01 0.06 0.01 0.04 0.03 0.04 unch 0.00 0.09 0.02 0.02 0.02 0.02 unch 0.00 0.06 0.01 0.50 0.36 0.43 - 0.07 1.25 0.36 0.67 0.49 0.59 - 0.07 1.60 0.49 0.00 0.00 0.00 + 0.00 0.02 0.00 0.05 0.04 0.04 unch 0.00 0.42 0.04 0.06 0.05 0.05 - 0.01 0.08 0.02 0.08 0.06 0.07 - 0.02 0.11 0.03 0.11 0.09 0.09 - 0.01 1.45 0.07 0.07 0.00 0.07 unch 0.00 0.18 0.01 0.09 0.06 0.06 - 0.01 0.41 0.06 0.11 0.09 0.09 - 0.01 0.53 0.09 0.09 0.08 0.09 + 0.01 0.45 0.05 0.07 0.07 0.07 unch 0.00 0.11 0.05 0.04 0.04 0.04 unch 0.00 0.08 0.03 0.07 0.07 0.07 unch 0.00 0.12 0.03 0.11 0.10 0.11 + 0.01 0.15 0.04 1.91 1.74 1.88 + 0.08 2.85 1.39 0.00 0.00 0.00 unch 0.00 0.01 0.00 8.60 7.88 8.53 + 0.60 9.84 6.53 11.62 10.61 11.52 + 0.85 12.87 8.59 0.10 0.08 0.08 - 0.01 1.10 0.08 0.11 0.08 0.11 unch 0.00 0.11 0.08 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.02 0.01 0.02 + 0.00 0.15 0.01 0.03 0.02 0.03 + 0.01 0.27 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.81 0.75 0.80 + 0.01 1.12 0.68 1.10 1.00 1.07 + 0.01 1.49 0.91 0.05 0.04 0.04 - 0.01 0.10 0.03 0.03 0.03 0.03 + 0.00 0.07 0.02 0.00 0.00 0.05 unch 0.00 0.10 0.01 0.16 0.11 0.12 - 0.02 2.30 0.09 0.19 0.16 0.16 - 0.04 0.74 0.11 0.07 0.06 0.07 unch 0.00 0.18 0.06 0.06 0.04 0.06 + 0.01 0.15 0.04 0.05 0.05 0.05 unch 0.00 0.11 0.04 0.16 0.16 0.16 unch 0.00 0.39 0.10 0.13 0.08 0.10 - 0.02 0.20 0.08 0.10 0.06 0.06 - 0.03 0.16 0.06 0.35 0.26 0.28 - 0.02 0.64 0.06 0.03 0.00 0.03 unch 0.00 0.07 0.02 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.08 0.06 0.07 - 0.00 0.22 0.03 0.10 0.09 0.10 unch 0.00 0.29 0.05 0.40 0.36 0.40 + 0.01 0.62 0.36 0.55 0.49 0.54 + 0.03 0.81 0.49 0.02 0.02 0.02 - 0.00 0.03 0.00 0.04 0.03 0.03 - 0.01 0.04 0.01 0.07 0.07 0.07 - 0.01 0.11 0.06 0.00 0.00 0.18 unch 0.00 0.20 0.07 0.24 0.24 0.24 unch 0.00 0.30 0.12 0.29 0.24 0.29 + 0.05 0.48 0.22 0.21 0.17 0.21 + 0.03 0.33 0.16 0.22 0.19 0.19 - 0.03 0.59 0.16 0.17 0.13 0.15 - 0.01 0.46 0.12 0.04 0.03 0.04 + 0.00 0.11 0.03 0.06 0.05 0.05 + 0.01 0.15 0.04 0.05 0.00 0.05 unch 0.00 0.25 0.04 0.00 0.00 0.35 unch 0.00 0.80 0.27 0.00 0.00 0.23 unch 0.00 0.70 0.22 0.08 0.06 0.06 - 0.02 0.13 0.05 0.06 0.04 0.04 - 0.02 0.10 0.04 0.00 0.00 0.00 + 0.00 0.01 0.00 0.07 0.04 0.06 + 0.02 0.10 0.02

Rackla Mtls V 0 Rackla Mtls* O 0 Radisson Mng V 394 Radius Gold V 2568 Rain City 76 Rainforest Res* O 2 Rainy Mtn Royl* O 1 Rainy Mtn Royl V 451 O 25 Rambler Metals* Rare Element* O 9842 Rathdowney Res V 48 Ravencrest Res 451 Razore Rock Res 5 Red Eagle Mng* O 10 Red Moon Res V 75 467 Red Pine Expl V Redstar Gold V 73 Redstar Gold* O 547 Regulus Res V 133 Renaissance Gd* O 164 V 193 Renaissance Gd Renforth Res 608 Resolve Vent V 3 Resource Cap* O 42 Reunion Gold V 607 Revelo Res V 3548 Revival Gold * O 38 Revival Gold V 69 Rhyolite Res V 550 Richmond Mnls V 118 Richmond Mnls* O 194 Ridgestone M’g V 21 Rift Valley 437 O 50022 Rimrock Gold* Rio Silver V 30 Rio Tinto* O 3 Rio Tinto* N 15688 Rio Tinto* O 1 Rio2 Limited* O 7 Rio2 Limited V 147 Rise Gold Corp 322 Rise Gold Corp* O 290 Riverside Res* O 65 Riverside Res V 80 Rizal Res V 766 RJK Explor V 221 RJK Explor* O 8 Robex Res V 226 Rochester Res V 0 Rochester Res* O 0 7 Rock Tech Lith* O Rock Tech Lith V 34 Rockcliff Met 265 Rockcliff Met* O 27 Rockex Mng 185 Rockhaven Res V 39 Rockridge Res V 313 Rockshield Cap* O 67 Rockshield Cap 161 O 1 Rockwell Diam* Rodinia Lithm V 395 Rogue Res* O 0 Rogue Res V 145 Rokmaster Res V 709 Romios Gold Rs* O 32 Romios Gold Rs V 388 RosCan Gold* O 15 RosCan Gold V 668 Rosita Mg Corp* O 19 Rotation Mnls V 368 Roughrider Exp V 239 Roxgold* O 268 Roxgold T 5714 Royal Gold* D 1604 Royal Mines &M* O 33 Royal Nickel T 9438 Royal Nickel* O 1418 Royal Rd Mnrls V 1405 Royal Std Mnrl* O 0 RT Minerals V 319 RT Minerals* O 4 RTG Mining T 29 Rubicon Mnrls* O 133 Rubicon Mnrls T 35 Rugby Mng V 51 Running Fox Rs* O 1 Running Fox Rs V 38 Rupert Res V 295 Rusoro Mng* O 15 Rusoro Mng V 1679

0.00 0.00 0.13 unch 0.00 0.15 0.06 0.00 0.00 0.08 unch 0.00 0.10 0.05 0.14 0.12 0.12 - 0.01 0.15 0.09 0.34 0.22 0.25 - 0.09 0.47 0.09 0.12 0.08 0.08 - 0.06 0.14 0.08 5.50 0.00 5.34 + 1.18 9.20 3.50 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.03 0.02 0.02 - 0.01 0.04 0.02 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.60 0.16 0.48 + 0.27 0.60 0.03 0.11 0.10 0.11 + 0.01 0.15 0.03 0.63 0.60 0.62 + 0.02 1.09 0.38 0.09 0.09 0.09 unch 0.00 0.27 0.06 0.00 0.00 0.00 unch 0.00 0.17 0.00 0.08 0.05 0.08 unch 0.00 0.12 0.01 0.04 0.04 0.04 unch 0.00 0.08 0.04 0.03 0.00 0.03 - 0.01 0.04 0.02 0.02 0.02 0.02 - 0.00 0.04 0.01 1.49 1.36 1.42 - 0.05 2.30 1.25 0.16 0.14 0.16 + 0.02 0.18 0.11 0.22 0.19 0.22 + 0.02 0.24 0.15 0.05 0.04 0.05 - 0.01 0.06 0.02 0.00 0.00 0.08 unch 0.00 0.14 0.07 0.00 0.00 0.00 unch 0.00 0.04 0.00 0.20 0.19 0.20 unch 0.00 0.23 0.12 0.03 0.02 0.03 + 0.01 0.03 0.01 0.39 0.35 0.39 + 0.03 0.73 0.32 0.52 0.47 0.49 unch 0.00 0.97 0.44 0.20 0.17 0.17 - 0.03 0.26 0.15 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.01 0.01 0.01 - 0.00 0.03 0.01 0.21 0.15 0.21 unch 0.00 0.30 0.15 0.08 0.07 0.07 - 0.01 0.10 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.04 0.04 unch 0.00 0.06 0.03 59.75 56.20 56.20 - 3.25 61.61 43.47 61.45 57.20 57.93 - 1.78 63.27 44.62 70.37 0.00 70.37 + 2.75 70.37 50.48 0.24 0.00 0.24 - 0.01 0.71 0.24 0.34 0.31 0.33 unch 0.00 1.15 0.31 0.07 0.07 0.07 + 0.01 0.15 0.05 0.06 0.05 0.05 - 0.01 0.11 0.04 0.13 0.12 0.12 - 0.01 0.42 0.10 0.17 0.16 0.16 - 0.01 0.33 0.13 0.02 0.01 0.01 - 0.01 0.05 0.01 0.09 0.09 0.09 unch 0.00 0.23 0.04 0.07 0.07 0.07 unch 0.00 0.13 0.00 0.07 0.00 0.07 unch 0.00 0.12 0.07 0.00 0.00 0.04 unch 0.00 0.06 0.03 0.00 0.00 0.02 unch 0.00 0.04 0.02 0.56 0.52 0.52 - 0.03 1.04 0.52 0.67 0.00 0.61 - 0.07 1.49 0.59 0.11 0.09 0.09 - 0.01 0.19 0.09 0.06 0.06 0.06 unch 0.00 0.14 0.02 0.03 0.02 0.02 unch 0.00 0.10 0.01 0.14 0.12 0.12 - 0.01 0.19 0.09 0.24 0.23 0.23 unch 0.00 0.39 0.20 0.05 0.05 0.05 - 0.00 0.21 0.05 0.08 0.08 0.08 - 0.01 0.27 0.08 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.05 0.05 unch 0.00 0.23 0.05 0.00 0.00 0.06 unch 0.00 0.20 0.04 0.06 0.06 0.06 unch 0.00 0.26 0.06 0.04 0.04 0.04 unch 0.00 0.13 0.03 0.04 0.02 0.04 unch 0.00 0.07 0.02 0.04 0.04 0.04 unch 0.00 0.09 0.04 0.10 0.10 0.10 unch 0.00 0.23 0.09 0.16 0.12 0.15 + 0.01 0.33 0.05 0.00 0.00 0.00 unch 0.00 0.05 0.00 0.23 0.21 0.21 - 0.01 0.25 0.07 0.07 0.06 0.07 unch 0.00 0.25 0.06 0.83 0.72 0.83 + 0.08 0.97 0.55 1.11 0.98 1.11 + 0.10 1.24 0.72 88.48 84.06 87.99 + 1.76 98.53 70.16 0.00 0.00 0.00 - 0.00 0.01 0.00 0.47 0.38 0.43 + 0.05 1.18 0.07 0.35 0.28 0.32 + 0.04 0.90 0.05 0.20 0.16 0.18 - 0.02 0.21 0.06 0.00 0.00 0.01 unch 0.00 3.14 0.01 0.06 0.06 0.06 unch 0.00 0.25 0.05 0.04 0.04 0.04 unch 0.00 0.13 0.00 0.09 0.08 0.08 - 0.01 0.16 0.09 0.74 0.64 0.67 - 0.06 1.26 0.63 0.96 0.89 0.91 - 0.05 1.73 0.86 0.18 0.13 0.18 + 0.02 0.35 0.13 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.95 0.00 0.88 - 0.07 1.12 0.75 0.07 0.06 0.06 - 0.01 0.32 0.04 0.09 0.07 0.08 - 0.01 0.42 0.06

Sabina Gd&Slvr T 500 Sabina Gd&Slvr* O 294 Sable Res* O 21 Sable Res V 323 Sage Gold* O 5 Sailfish Rylty V 9 Saint Jean* O 34

1.19 1.06 1.18 + 0.09 1.67 0.99 0.88 0.78 0.87 + 0.08 1.31 0.73 0.10 0.08 0.08 - 0.02 0.28 0.08 0.12 0.10 0.11 - 0.03 0.37 0.10 0.00 0.00 0.00 + 0.00 0.04 0.00 1.04 1.00 1.00 - 0.04 1.68 0.70 0.01 0.01 0.01 unch 0.00 0.04 0.01

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Saint Jean V 515 Salazar Res* O 7 Salazar Res V 397 0 Salt Lake Pot* O Sama Res V 270 Sama Res* O 44 Samco Gold V 80 Samex Mng* O 85 1 San Gold Corp* O 4 San Marco Res* O 330 San Marco Res V V 817 Sanatana Diam Sandfire Res V 351 Sandfire Res* O 530 O 508 Sandspring Res* V 1704 Sandspring Res T 4013 Sandstorm Gold X 6558 Sandstorm Gold* Santa Fe Gold* O 512 V 238 Santacruz Silv Sarama Res V 710 Sarissa Res* O 1391 Satori Res V 384 Satori Res* O 0 Saturn Mnrls V 439 Saville Res V 2453 97 Scandium Intl T O 37 Scandium Intl* Scorpio Gold V 484 43 Scorpio Gold * O Scotch Creek 8 ScoZinc Mg V 17 ScoZinc Mg* O 1 Seabridge Gld T 332 Seabridge Gld* N 1371 Seafield Res* O 48 Search Mnls* O 62 Search Mnls V 440 Searchlight* O 0 O 409 SearchlightMin* V 453 SearchlightRes Secova Mtls* O 5 Secova Mtls V 49 Sego Res V 187 Select Sands V 211 T 4116 Semafo Serabi Gold T 10 Serabi Gold* O 0 Serengeti Res V 263 Shamrock Ent 55 Sherritt Intl T 2622 O 0 Shine Minerals* V 6 Shoshoni Gold 13434 N Sibanye-Stillw* O 4 Sibanye-Stillw* O 482 Sidney Resrces* Sienna Res* O 364 Sienna Res V 1077 Sierra Madre* O 1 Sierra Madre V 8 Sierra Metals* X 83 Sierra Metals T 42 V 333 Sigma Lithium Signature Res V 675 O 617 Signature Res* 33 Silver Bear Rs* O 163 Silver Bear Rs T 392 Silver Bull Re T Silver Bull Re* O 395 Silver Fields* O 1 Silver Grail V 33 15 Silver Mtn Mns V Silver Phoenix 94 Silver Predatr V 36 Silver Range* O 31 Silver Range V 112 Silver Scott* O 22 Silver Spruce V 359 O 180 Silver Spruce* Silver Viper V 48 Silver Viper* O 1444 T 1966 Silvercorp Met X 1410 Silvercorp Met* SilverCrest* X 263 SilverCrest V 499 O 4 Silverore Mns* O 2 Silverstar Res* Sirios Res* O 40 Sirios Res V 576 Sitka Gold 6 Sixty North* O 40 Sixty North 85 Skeena Res* O 59 Skeena Res V 288 Sky Gold V 1579 Sky Gold* O 23 O 139 Skyharbour Res* V 202 Skyharbour Res Slam Explor* O 0 Slam Explor V 316 868 Slave Lake Zn O 30 Sokoman Min* Sokoman Min V 967 SolGold plc* O 97 SolGold plc T 157 T 96 Solitario Ex&R X 252 Solitario Ex&R* Solstice Gold V 150 85 Sonora Gld & S V Sonoro Mtls* O 49 Sonoro Mtls V 93 South32* O 3 Southern Arc* O 2 Southern Arc V 4 N 3618 Southern Copp* O 172 Southern Silvr* Southern Silvr V 200 T 6 SouthGobi Res 673 Spanish Mtn Gd V 27 Spanish Mtn Gd* O Sparton Res V 210 Sparton Res* O 5 O 75 Spearmint Res* Spearmint Res 112 Spey Resources 27 Sphinx Res V 256 265 Sprott Res Hld T 148 Spruce Ridge R V SRG Graphite V 41 SSR Mining* D 4069 SSR Mining T 1195 St Augustine T 152 St-Georges Eco 2868 O 170 St-Georges Eco* V 197 Stakeholdr Gld O 4 Stakeholdr Gld* O 1502 Standard Graph* Standard Lith V 486 O 13 Standard Metal* Stans Energy V 562 O 233 Stans Energy* O 38 Star Diamond* Star Diamond T 404 Star Gold* O 0 O 83 Star Mountain* Starcore Intl T 174 0 Starr Peak Exp* O 255 Starr Peak Exp V O 0 Steele Oceanic* Stellar Africa* O 3 Stellar Africa V 5 Stelmine Can V 50 Steppe Gold T 95 Sterling Grp* O 10 23753 T Stornoway Diam O 361 Stornoway Diam* Stratabd Mnr V 84 Strateco Res* O 9 O 54 Strategic Metl* Strategic Metl V 42 Strategic Res V 139 O 5 Strategic Res* Stria Lithium V 182 V 635 Strikepoint Gd O 231 Strikepoint Gd* V 66 Strongbow Expl O 9 Strongbow Expl* Stroud Res V 54 Stuhini Explor V 235 Sulliden Mng T 398 Sun Metals V 964 N 18508 Suncor Energy* Suncor Energy T 17010 O 15 Superior Gold* Superior Gold V 209

0.02 unch 0.00 0.10 0.03 0.00 0.03 0.07 unch 0.00 0.15 0.12 0.12 0.12 0.10 0.19 0.17 0.19 - 0.01 0.19 0.39 0.39 0.39 unch 0.00 0.44 0.31 0.22 0.33 0.30 0.30 - 0.02 0.44 0.17 0.25 0.21 0.22 + 0.01 0.33 0.02 unch 0.00 0.08 0.06 0.06 0.06 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.04 0.04 0.04 unch 0.00 0.16 0.03 0.05 0.04 0.05 + 0.01 0.23 0.04 0.02 0.05 0.04 0.04 - 0.01 0.06 0.06 unch 0.00 0.11 0.10 0.09 0.10 0.05 0.08 0.07 0.07 - 0.01 0.09 0.11 0.13 0.11 0.13 - 0.00 0.28 0.15 0.19 0.15 0.17 - 0.01 0.35 4.60 7.39 6.70 7.35 + 0.53 7.84 3.48 5.47 4.96 5.45 + 0.38 5.89 0.10 0.07 0.09 + 0.01 0.14 0.04 0.05 0.07 0.06 0.07 + 0.01 0.12 0.05 0.11 0.09 0.10 - 0.01 0.12 0.00 0.00 0.00 0.00 + 0.00 0.00 0.04 unch 0.00 0.10 0.07 0.06 0.07 0.03 unch 0.00 0.07 0.00 0.00 0.05 0.11 0.14 0.13 0.14 - 0.01 0.30 0.04 0.05 0.04 0.04 + 0.01 0.08 0.15 0.14 0.15 + 0.01 0.32 0.11 0.09 0.12 0.11 0.11 + 0.00 0.24 0.01 0.12 0.10 0.10 - 0.01 0.16 0.08 0.07 0.07 - 0.01 0.11 0.01 0.10 unch 0.00 0.13 0.10 0.10 0.10 0.39 0.45 0.00 0.45 + 0.02 1.09 0.30 0.33 0.00 0.33 - 0.04 0.74 13.65 16.37 14.89 16.22 + 1.20 20.10 10.40 12.10 11.04 12.00 + 0.79 15.30 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.03 unch 0.00 0.06 0.03 0.03 0.03 0.03 0.05 0.04 0.05 + 0.01 0.07 0.01 unch 0.00 0.15 0.00 0.00 0.01 0.01 0.06 0.04 0.06 + 0.01 0.07 0.02 0.03 0.02 0.03 + 0.01 0.07 0.01 unch 0.00 0.08 0.02 0.02 0.02 0.02 0.03 0.03 0.03 - 0.01 0.14 0.03 unch 0.00 0.07 0.05 0.04 0.05 0.07 0.09 0.08 0.08 - 0.01 0.51 2.24 4.20 3.74 4.05 + 0.26 4.00 0.45 0.55 0.49 0.55 + 0.06 1.40 0.65 unch 0.00 0.82 0.00 0.00 0.65 0.12 unch 0.00 0.60 0.22 0.19 0.22 0.02 unch 0.00 0.07 0.03 0.03 0.03 0.18 0.20 0.18 0.20 + 0.01 1.32 0.04 unch 0.00 0.10 0.00 0.00 0.04 0.03 unch 0.00 0.08 0.03 0.00 0.03 2.02 3.91 3.18 3.87 + 0.62 4.94 0.53 0.88 0.00 0.88 + 0.02 1.27 0.00 0.01 0.00 0.01 + 0.00 0.01 0.03 0.04 0.03 0.03 + 0.00 0.10 0.04 unch 0.00 0.11 0.06 0.05 0.05 0.04 unch 0.00 0.04 0.04 0.04 0.04 0.06 unch 0.00 0.15 0.06 0.06 0.06 1.26 unch 0.00 2.90 1.40 1.30 1.30 1.75 1.80 1.75 1.78 + 0.02 3.84 1.20 1.77 0.00 1.77 - 0.01 2.40 0.05 0.08 0.07 0.08 + 0.01 0.13 0.05 0.06 0.05 0.06 + 0.00 0.10 0.09 0.00 0.08 - 0.00 0.19 0.07 0.13 0.10 0.11 - 0.01 0.24 0.10 0.10 0.10 0.10 unch 0.00 0.21 0.09 0.08 0.07 0.07 + 0.00 0.16 0.07 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.02 unch 0.00 0.10 0.04 0.00 0.04 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.03 0.18 0.18 0.18 - 0.03 0.22 0.06 unch 0.00 0.12 0.07 0.07 0.07 0.05 0.07 0.00 0.06 - 0.00 0.13 0.08 0.09 0.08 0.09 + 0.01 0.18 0.01 unch 0.00 0.06 0.02 0.02 0.02 0.02 unch 0.00 0.06 0.06 0.04 0.06 0.01 unch 0.00 0.05 0.04 0.03 0.03 0.07 0.24 0.23 0.23 - 0.01 0.28 0.07 unch 0.00 0.21 0.19 0.19 0.19 2.43 2.98 2.71 2.96 + 0.11 3.88 1.83 2.21 2.00 2.18 + 0.05 2.99 1.89 3.50 3.22 3.50 + 0.14 3.89 2.45 4.70 4.42 4.63 + 0.08 5.02 0.02 unch 0.00 0.03 0.02 0.02 0.02 0.01 unch 0.00 0.15 0.04 0.00 0.04 0.09 unch 0.00 0.20 0.13 0.11 0.11 0.12 0.18 0.16 0.18 + 0.02 0.28 0.04 0.11 0.10 0.11 + 0.01 0.20 0.03 unch 0.00 0.16 0.03 0.03 0.03 0.03 unch 0.00 0.24 0.06 0.06 0.06 0.19 0.34 0.27 0.28 - 0.02 0.52 0.27 0.46 0.38 0.43 - 0.01 0.70 0.03 unch 0.00 0.10 0.04 0.04 0.04 0.02 0.03 0.02 0.02 - 0.00 0.09 0.24 0.26 0.24 0.25 + 0.00 0.44 0.33 0.35 0.33 0.34 - 0.01 0.57 0.01 unch 0.00 0.03 0.00 0.00 0.01 0.02 unch 0.00 0.05 0.02 0.02 0.02 0.10 0.06 0.06 - 0.05 0.13 0.06 0.00 unch 0.00 0.45 0.05 0.05 0.05 0.05 0.09 0.07 0.08 + 0.01 0.58 0.27 0.50 0.37 0.37 - 0.13 0.58 0.32 0.62 0.52 0.53 - 0.09 0.76 0.26 0.48 0.40 0.42 - 0.05 0.60 0.19 0.36 0.30 0.31 - 0.05 0.54 0.11 0.19 0.16 0.16 - 0.02 0.26 0.05 0.05 0.05 + 0.01 0.12 0.05 0.07 0.14 0.12 0.12 - 0.01 0.16 0.07 0.18 0.16 0.16 - 0.02 0.20 2.16 2.31 2.23 2.24 - 0.07 2.98 0.20 unch 0.00 0.47 0.31 0.30 0.31 0.27 0.42 0.00 0.42 - 0.08 0.62 29.01 34.56 33.15 33.73 + 0.25 52.63 0.08 0.14 0.10 0.11 - 0.01 0.21 0.11 0.16 0.14 0.15 - 0.01 0.27 0.10 0.17 0.12 0.17 + 0.04 0.17 0.06 0.05 0.06 - 0.01 0.10 0.05 0.05 0.04 0.05 - 0.00 0.09 0.03 0.04 0.05 0.04 0.04 - 0.01 0.12 0.03 0.03 0.03 0.03 - 0.00 0.09 0.00 0.03 0.01 0.02 - 0.01 0.08 0.02 unch 0.00 0.06 0.03 0.02 0.03 0.04 0.07 0.00 0.07 - 0.02 0.16 0.03 0.04 0.03 0.03 - 0.01 0.07 1.54 1.26 1.35 - 0.14 2.40 0.98 0.05 0.04 0.04 - 0.01 0.13 0.02 0.64 0.91 0.85 0.87 - 0.06 1.48 11.73 10.74 11.68 + 0.70 15.17 8.11 10.71 15.86 14.46 15.78 + 1.08 20.00 0.02 0.03 0.02 0.02 - 0.01 0.03 0.04 unch 0.00 0.27 0.11 0.08 0.10 0.03 0.08 0.07 0.08 + 0.00 0.24 0.03 unch 0.00 0.20 0.04 0.03 0.04 0.02 unch 0.00 0.15 0.02 0.00 0.02 0.29 0.37 0.32 0.34 - 0.03 1.13 0.67 0.85 0.78 0.83 + 0.08 1.77 0.02 unch 0.00 0.23 0.07 0.03 0.07 0.02 0.06 0.04 0.05 + 0.01 0.06 0.01 0.04 0.02 0.04 + 0.01 0.05 0.12 0.17 0.00 0.17 - 0.00 0.29 0.17 0.22 0.21 0.22 - 0.01 0.38 0.02 unch 0.00 0.30 0.00 0.00 0.02 0.01 unch 0.00 0.03 0.01 0.01 0.01 0.07 0.08 0.08 0.08 + 0.01 0.20 0.00 0.00 0.20 unch 0.00 0.20 0.20 0.30 0.27 0.29 + 0.01 0.32 0.09 0.55 unch 0.00 0.96 0.00 0.00 0.55 0.01 0.02 0.01 0.01 - 0.01 0.03 0.01 unch 0.00 0.06 0.03 0.03 0.03 0.09 0.15 0.14 0.14 - 0.01 0.20 0.59 0.66 0.59 0.63 - 0.05 1.75 0.01 unch 0.00 0.05 0.01 0.01 0.01 0.02 0.04 0.02 0.03 + 0.01 0.51 0.02 0.04 0.02 0.03 + 0.01 0.38 0.01 unch 0.00 0.07 0.02 0.01 0.02 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.21 0.22 0.21 0.22 + 0.01 0.37 0.28 0.30 0.00 0.29 + 0.01 0.48 0.16 unch 0.00 0.70 0.60 0.55 0.60 0.12 0.46 0.45 0.45 - 0.01 0.46 0.02 unch 0.00 0.05 0.02 0.02 0.02 0.11 0.15 0.13 0.14 + 0.01 0.25 0.08 0.11 0.10 0.11 + 0.00 0.19 0.09 0.12 0.09 0.10 - 0.01 0.27 0.07 0.07 0.06 0.06 - 0.01 0.21 0.01 0.02 0.01 0.02 + 0.01 0.02 0.22 0.30 0.22 0.22 - 0.09 0.30 0.07 unch 0.00 0.33 0.08 0.07 0.08 0.12 0.55 0.51 0.54 + 0.01 0.65 25.81 31.88 30.31 30.80 - 0.29 42.55 35.53 42.93 41.04 41.65 - 0.16 55.47 0.33 0.45 0.43 0.45 + 0.02 1.06 0.44 0.61 0.58 0.61 + 0.04 1.36

2019-06-03 1:08 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / JUNE 10–23, 2019

Week

12-month

Exc Volume High Low Last Change High Low

Superior Mng V 529 Supreme Metals 167 Surge Copper V 67 Surge Explor* O 14 Surge Explor V 145 Syrah Res* O 77

0.10 0.00 0.09 unch 0.00 0.10 0.06 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.06 0.05 0.05 unch 0.00 0.14 0.04 0.03 0.03 0.03 + 0.00 0.17 0.02 0.05 0.00 0.05 + 0.01 0.22 0.03 0.94 0.76 0.91 + 0.10 2.43 0.71

Taiga Gold 96 Taiga Gold* O 13 Tajiri Res V 223 Taku Gold* O 50 Taku Gold 131 Talisker Res 343 Talisker Res* O 252 Talmora Diamd 70 Talon Metals T 474 O 12961 Tamino Mnrls* Tango Mining V 27 Tanqueray Expl V 505 Tantalex Res 250 Tanzania Min* O 0 Tanzanian Gold T 53 X 842 Tanzanian Gold* Taranis Res* O 212 Taranis Res V 138 Tarku Res V 250 Tartisan Nick* O 25 Tartisan Nick 233 Taseko Mines* X 1794 Taseko Mines T 634 Teck Res T 5832 Teck Res* N 11109 T 21 Teck Res Telson Res * O 40 Telson Res V 114 Tembo Gold V 150 Tembo Gold* O 53 Teranga Gold T 704 Teranga Gold* O 155 Teras Res V 151 Teras Res* O 0 Terraco Gold V 416 Terrax Mnrls* O 45 Terrax Mnrls V 199 Terreno Res V 12 Teslin Rvr Res V 603 Tesoro Mnrls V 5 Tesoro Mnrls* O 0 Tethyan Res V 89 Teuton Res V 96 Teuton Res* O 40 Texas Mineral* O 3153 Themac Res V 1 Thor Expl V 12 8 Thunder Mtn Gd* O Thunderstruck V 75 Thunderstruck* O 20 Tiger Intl V 30 Till Capital V 1 Timberline Res V 2 Timberline Res* O 16 Tinka Res V 364 Tinka Res* O 67 Tintina Mines V 50 Tisdale Res* O 0 Tisdale Res V 2 Titan Mining T 24 Titan Mining* O 100 Titanium Corp V 29 TMAC Resource* O 81 TMAC Resources T 1023 TNR Gold V 147 40 Toachi Mg Inc* O Toachi Mg Inc V 1185 Tocvan Venture 33

0.08 0.00 0.08 - 0.01 0.18 0.06 0.06 0.05 0.05 - 0.00 0.13 0.05 0.06 0.04 0.06 + 0.02 0.18 0.04 0.04 0.04 0.04 unch 0.00 0.12 0.02 0.04 0.04 0.04 unch 0.00 0.15 0.04 0.14 0.11 0.13 + 0.02 0.16 0.08 0.09 0.08 0.09 + 0.01 0.10 0.00 0.04 0.04 0.04 - 0.01 0.06 0.01 0.18 0.15 0.15 - 0.02 0.18 0.07 0.00 0.00 0.00 - 0.00 0.00 0.00 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.71 0.67 0.68 unch 0.00 1.32 0.58 0.03 0.03 0.03 unch 0.00 0.15 0.02 0.00 0.00 0.15 unch 0.00 0.15 0.12 0.94 0.82 0.88 - 0.03 1.32 0.34 0.71 0.60 0.66 - 0.03 0.94 0.25 0.06 0.05 0.06 - 0.00 0.09 0.03 0.07 0.07 0.07 unch 0.00 0.12 0.05 0.03 0.03 0.03 - 0.01 0.05 0.02 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.04 0.04 0.04 unch 0.00 0.12 0.02 0.54 0.45 0.45 - 0.06 1.40 0.44 0.71 0.61 0.64 - 0.05 1.80 0.60 27.66 26.36 27.47 + 0.86 39.08 23.90 20.46 19.46 20.31 + 0.50 30.11 18.17 28.47 26.65 27.50 + 0.89 39.00 23.89 0.25 0.22 0.22 - 0.01 0.67 0.22 0.35 0.30 0.30 unch 0.00 0.91 0.28 0.03 0.03 0.03 unch 0.00 0.04 0.01 0.01 0.01 0.01 unch 0.00 0.03 0.01 3.30 3.13 3.14 - 0.09 5.63 2.97 2.47 2.30 2.32 - 0.05 4.33 2.23 0.06 0.05 0.05 - 0.01 0.12 0.04 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.10 0.08 0.10 + 0.02 0.11 0.06 0.26 0.25 0.26 + 0.01 0.36 0.25 0.38 0.33 0.38 + 0.03 0.50 0.33 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.46 0.43 0.46 + 0.02 0.60 0.33 0.05 0.05 0.05 unch 0.00 0.07 0.05 0.03 0.03 0.03 unch 0.00 0.04 0.03 0.63 0.53 0.53 - 0.09 0.85 0.14 0.18 0.17 0.17 - 0.01 0.24 0.10 0.13 0.13 0.13 unch 0.00 0.18 0.07 0.45 0.23 0.45 + 0.22 0.41 0.10 0.00 0.00 0.06 unch 0.00 0.09 0.03 0.13 0.13 0.13 unch 0.00 0.20 0.13 0.10 0.03 0.07 - 0.03 0.21 0.03 0.06 0.05 0.06 + 0.01 0.11 0.04 0.05 0.05 0.05 unch 0.00 0.15 0.03 0.15 0.00 0.08 - 0.01 0.17 0.04 2.20 2.00 2.00 - 0.20 2.56 1.45 0.00 0.00 0.10 unch 0.00 0.19 0.07 0.08 0.06 0.06 - 0.00 0.14 0.00 0.32 0.29 0.31 + 0.01 0.58 0.29 0.23 0.21 0.22 - 0.01 0.45 0.21 0.08 0.08 0.08 unch 0.00 0.08 0.02 0.00 0.00 0.11 unch 0.00 0.13 0.05 0.15 0.00 0.15 unch 0.00 0.80 0.14 0.50 0.45 0.50 + 0.08 1.50 0.40 0.33 0.33 0.33 unch 0.00 1.05 0.32 0.78 0.00 0.68 - 0.08 1.20 0.47 4.58 3.57 4.56 + 0.99 5.66 2.71 6.23 5.00 6.13 + 0.98 7.52 3.57 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.04 0.02 0.04 unch 0.00 0.15 0.02 0.06 0.04 0.05 + 0.01 0.19 0.04 0.10 0.10 0.10 unch 0.00 0.12 0.10

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Tombstone Expl* O 4610 Tonogold Res* O 23 Torex Gold* O 51 Torex Gold T 1298 Torq Resources* O 10 Torq Resources V 241 Tower Res V 1163 Transatlantic V 848 Transatlantic* O 0 Transition Met* O 104 Transition Met V 463 Treasury Metal T 540 O 66 Treasury Metal* Trecora Res* N 168 Tres-Or Res V 1308 Trevali Mng* O 409 Trevali Mng T 4634 Tri Origin Exp V 96 Trident Gold V 2 Trifecta Gold* O 2 Trifecta Gold V 8 Trigen Res* O 328 Trilogy Mtls T 30 Trilogy Mtls* X 333 O 12 TriMetals Mng* O 97 TriMetals Mng* TriMetals Mng T 185 Trinity Res* O 1 Trinity Valley V 10 Trio Resources* O 1457 TriStar Gold* O 86 TriStar Gold V 157 Triumph Gold V 71 Triumph Gold* O 51 Troilus Gold T 128 Troilus Gold* O 0 Troubadour Res V 347 Troy Res* O 6 True Grit Res V 110 0 True North Gem* O 9 True North Gem V Tsodilo Res V 46 31 Tudor Gold * O Tudor Gold V 89 Tundra Gold* O 1 68783 Turquoise HIl T Turquoise HIl* N 26195 TVI Pacific* O 30 TVI Pacific V 2978 Tyhee Gold* O 179 Typhoon Expl V 10

0.01 0.00 0.01 + 0.00 0.01 0.00 0.20 0.18 0.20 + 0.00 0.25 0.00 9.27 8.49 9.18 + 0.33 13.52 5.74 12.60 11.41 12.40 + 0.51 18.21 7.52 0.29 0.29 0.29 + 0.00 0.45 0.25 0.40 0.38 0.39 - 0.02 0.58 0.32 0.07 0.06 0.06 - 0.01 0.16 0.02 0.03 0.02 0.03 unch 0.00 0.16 0.02 0.00 0.00 0.01 unch 0.00 0.10 0.01 0.15 0.14 0.15 - 0.01 0.17 0.07 0.21 0.18 0.19 - 0.03 0.23 0.06 0.23 0.21 0.23 - 0.01 0.53 0.21 0.18 0.15 0.18 + 0.00 0.39 0.15 9.85 9.39 9.48 - 0.33 15.60 6.69 0.03 0.02 0.03 unch 0.00 0.04 0.02 0.23 0.21 0.21 - 0.02 0.95 0.22 0.31 0.28 0.29 - 0.02 1.22 0.30 0.03 0.02 0.02 - 0.01 0.04 0.01 0.00 0.00 0.16 unch 0.00 0.18 0.14 0.03 0.00 0.03 + 0.00 0.09 0.02 0.04 0.00 0.04 - 0.01 0.13 0.04 0.32 0.28 0.29 - 0.01 1.01 0.19 3.70 3.52 3.63 + 0.06 3.78 1.64 2.75 2.59 2.68 unch 0.00 2.82 1.26 0.07 0.06 0.07 + 0.01 0.23 0.04 0.04 0.03 0.04 + 0.01 0.09 0.02 0.05 0.00 0.05 + 0.01 0.12 0.03 0.01 0.01 0.01 unch 0.00 0.20 0.01 0.09 0.09 0.09 unch 0.00 0.11 0.04 0.00 0.00 0.00 + 0.00 0.01 0.00 0.13 0.12 0.13 + 0.01 0.17 0.07 0.17 0.13 0.17 + 0.01 0.25 0.09 0.39 0.34 0.37 + 0.02 0.80 0.30 0.29 0.24 0.27 + 0.01 0.60 0.22 0.65 0.56 0.65 + 0.10 1.55 0.40 0.00 0.00 0.40 unch 0.00 1.08 0.40 0.11 0.09 0.10 - 0.01 0.25 0.08 0.06 0.06 0.06 unch 0.00 0.12 0.06 0.02 0.02 0.02 - 0.01 0.07 0.02 0.00 0.00 0.08 unch 0.00 0.14 0.00 0.12 0.00 0.12 + 0.01 1.00 0.10 0.17 0.16 0.16 - 0.01 0.59 0.16 0.26 0.25 0.26 + 0.01 0.34 0.15 0.39 0.33 0.39 + 0.06 0.44 0.20 10.05 10.05 10.05 unch 0.00 500.00 10.05 1.69 1.47 1.60 + 0.07 3.90 1.47 1.25 1.12 1.20 + 0.04 2.97 1.12 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.03 0.03 0.03 unch 0.00 0.07 0.03

U.S. Gold* D 340 U.S. Lithium* O 23 U3O8 Corp* O 34 U3O8 Corp T 69 Ubique Mineral 1 UC Res* O 227 Ucore Rare Mtl V 9407 Ucore Rare Mtl* O 7028 UEX Corp T 1012 Ultra Lithium* O 5 Ultra Lithium V 9 Umbral Enrgy* O 187 Unigold* O 93 Unigold V 20 United Battery 590 O 437 United Battery* United Res Hdg* O 111 United States A* X 577 United States S* N 68580 Unity Metals V 464 Universal Cop V 639 Universal Cop* O 60

1.40 1.27 1.33 - 0.06 1.69 0.74 0.35 0.26 0.27 unch 0.00 0.96 0.09 0.11 0.00 0.09 - 0.01 0.35 0.09 0.13 0.11 0.12 - 0.01 0.50 0.11 0.08 0.00 0.08 unch 0.00 0.25 0.05 0.31 0.19 0.21 - 0.01 1.27 0.00 0.34 0.14 0.27 + 0.11 0.34 0.09 0.25 0.10 0.20 + 0.08 0.25 0.07 0.18 0.16 0.17 unch 0.00 0.29 0.14 0.08 0.06 0.06 unch 0.00 0.19 0.05 0.09 0.09 0.09 unch 0.00 0.26 0.08 0.36 0.29 0.30 - 0.03 0.54 0.11 0.13 0.11 0.11 - 0.01 0.15 0.07 0.18 0.00 0.14 - 0.04 0.23 0.09 0.04 0.03 0.04 + 0.01 1.68 0.03 0.03 0.02 0.03 + 0.01 1.58 0.02 0.05 0.03 0.04 - 0.01 0.07 0.01 0.65 0.49 0.57 - 0.00 1.05 0.30 13.89 11.67 11.82 - 1.81 38.89 11.67 0.90 0.80 0.80 - 0.04 1.40 0.10 0.11 0.09 0.09 - 0.03 0.26 0.06 0.09 0.07 0.07 - 0.02 0.10 0.02

U-V

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

V 1570 Universal Vent Ur-Energy T 286 Ur-Energy* X 972 357 Uragold Bay Rs V X 4895 Uranium Energy* O 2 Uranium Hunter* Uranium Res* D 133 Uravan Mnrls V 186 V 597 UrbanGold Min USCorp* O 500 Val-d’Or Mg* O 0 Val-d’Or Mg V 58 120810 N Vale* Valley High Mg* O 3654 O 0 ValOre Metals* ValOre Metals V 581 Valterra Res* O 75 Valterra Res V 23 O 22 Vanadian Enrgy* V 136 Vanadian Enrgy V 456 Vanadium One O 319 Vanadiumcorp* V 199 Vanadiumcorp Vangold Res* O 0 92 Vanstar Mng Rs* O Vanstar Mng Rs V 1459 1 Vantex Res * O Vela Minerals V 3 O 30 Velocity Mnrls* Velocity Mnrls V 525 Vendetta Mng V 1904 O 152 Vendetta Mng* O 26 Venture Mnrls* Verde Potash T 81 Verde Res* O 54 Veris Gold* O 8 Vertical Expl V 163 Victoria Gold V 2015 O 72 Victory Metals* V 323 Victory Metals O 1 Victory Nickel* Victory Nickel 115 Victory Res 41 Victory Res* O 0 Virginia Enrgy V 8 O 13 Virginia Enrgy* Viscount Mng V 41 21 Visible Gold M V 0 Visible Gold M* O Vision Lithium V 204 O 25 Vision Lithium* Vista Gold* X 398 Vista Gold T 27 Viva Gold* O 87 Viva Gold V 91 Vizsla Res V 127 Volcanic Gold V 31 Volt Energy V 1442 Voyageur Min V 137 O 30 VR Resources* V 138 VR Resources Vulcan Mnrls V 179 VVC Expl V 73

0.28 unch 0.00 0.63 0.44 0.39 0.39 0.74 1.17 1.08 1.17 + 0.07 1.30 0.54 0.88 0.80 0.87 + 0.05 0.99 0.10 0.00 0.09 - 0.01 0.12 0.06 1.12 1.38 1.26 1.35 + 0.01 1.89 0.26 2.50 0.00 2.37 - 0.13 2.50 7.10 5.60 5.60 - 0.36 29.95 3.50 0.02 unch 0.00 0.05 0.04 0.02 0.04 0.10 0.12 0.10 0.10 - 0.02 0.16 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.06 unch 0.00 0.09 0.06 0.00 0.06 0.08 0.09 0.08 0.08 - 0.02 0.14 10.89 12.96 12.02 12.47 + 0.45 16.13 0.01 0.00 0.01 - 0.00 0.01 0.00 0.00 unch 0.00 0.48 0.00 0.00 0.13 0.11 0.24 0.17 0.24 + 0.07 0.90 0.01 unch 0.00 0.03 0.02 0.01 0.02 0.02 0.03 0.02 0.02 - 0.01 0.04 0.01 0.03 0.03 0.03 + 0.00 0.13 0.04 0.04 0.00 0.04 - 0.01 0.18 0.06 0.12 0.10 0.11 - 0.01 0.29 0.01 0.06 0.05 0.05 - 0.01 0.15 0.06 0.08 0.07 0.07 - 0.01 0.14 0.01 unch 0.00 0.05 0.00 0.00 0.02 0.19 0.18 0.18 - 0.01 0.19 0.07 0.28 0.24 0.25 - 0.01 0.36 0.08 0.18 0.18 0.18 unch 0.00 0.24 0.12 0.14 unch 0.00 0.27 0.15 0.15 0.15 0.09 0.28 0.24 0.28 + 0.04 0.26 0.13 0.38 0.32 0.37 + 0.05 0.38 0.10 0.12 0.10 0.10 - 0.03 0.23 0.07 0.09 0.08 0.08 - 0.01 0.18 0.01 unch 0.00 0.02 0.02 0.02 0.02 0.53 0.69 0.64 0.64 - 0.06 1.25 0.00 0.04 0.02 0.02 - 0.01 0.10 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.05 unch 0.00 0.15 0.07 0.06 0.06 0.30 0.42 0.39 0.40 - 0.01 0.55 0.45 0.52 0.48 0.48 - 0.04 0.57 0.38 0.68 0.00 0.65 - 0.03 0.77 0.01 unch 0.00 0.04 0.01 0.01 0.01 0.01 0.03 0.00 0.03 + 0.01 0.05 0.02 0.20 0.10 0.13 - 0.08 0.20 0.08 unch 0.00 0.23 0.09 0.09 0.09 0.12 0.25 0.20 0.20 - 0.02 0.36 0.08 0.23 0.16 0.17 + 0.01 0.28 0.15 0.19 0.18 0.18 - 0.01 0.32 0.09 0.00 0.09 unch 0.00 0.11 0.04 0.00 0.00 0.06 unch 0.00 0.07 0.03 0.05 0.07 0.05 0.07 + 0.02 0.40 0.06 unch 0.00 0.30 0.06 0.06 0.06 0.37 0.60 0.52 0.60 + 0.08 0.92 0.56 0.83 0.70 0.83 + 0.08 1.24 0.20 0.25 0.21 0.22 - 0.01 0.40 0.25 0.33 0.30 0.30 - 0.02 0.48 0.13 0.17 0.15 0.15 + 0.01 0.20 0.14 unch 0.00 1.26 0.31 0.30 0.30 0.03 0.06 0.06 0.06 + 0.01 0.24 0.05 0.08 0.06 0.07 - 0.01 0.12 0.09 0.13 0.10 0.12 - 0.01 0.34 0.12 0.16 0.13 0.15 - 0.01 0.43 0.03 0.04 0.03 0.04 - 0.01 0.07 0.02 unch 0.00 0.05 0.03 0.03 0.03

Walker Lane* O 10 Walker River* O 62 Walker River V 1618 T 4061 Wallbridge Mng Warrior Gold* O 20 Warrior Gold V 282 Waseco Res V 272 Wealth Mnrls V 387 Wealth Mnrls* O 458 V 111 Wescan Gldflds

0.05 0.30 0.10 0.29 - 0.01 0.40 0.08 0.14 0.12 0.12 - 0.02 0.19 0.05 0.18 0.14 0.15 - 0.03 0.27 0.06 0.36 0.30 0.31 + 0.01 0.47 0.03 0.08 0.00 0.08 + 0.01 0.09 0.04 unch 0.00 0.16 0.11 0.00 0.10 0.02 unch 0.00 0.05 0.04 0.04 0.04 0.34 0.41 0.35 0.36 - 0.03 1.36 0.25 0.30 0.26 0.27 - 0.03 1.10 0.01 0.05 0.00 0.05 + 0.01 0.11

W-Z

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Wesdome Gold* O 368 T 2386 Wesdome Gold West High Yld V 59 West Kirkland V 603 West Kirkland * O 60 West Red Lake* O 51 195 West Red Lake Western Areas* O 40 Western Atlas V 176 Western Copper T 233 Western Copper* X 245 Western Mag V 1675 Western Mag* O 1002 Western Pac Rs* O 0 Western Pac Rs V 2 Western Potash T 168 Western Res* O 13 Western U&V 51 O 100 Western U&V* Westgold Res* O 1 Westhaven Vent* O 364 Westhaven Vent V 452 O 361 Westkam Gold* Westkam Gold V 4272 Westminster Rs V 145 Westmoreland* O 237 WestMountain* O 0 Wheaton Prec M* N 11219 Wheaton Prec M T 5696 White Gold* O 50 White Gold V 1335 White Metal Rs V 98 White Mtn Engy* O 238 Whitehaven Coa* O 4 Whitemud Res V 15 Wildsky Res* O 11 Wildsky Res V 34 Winston Gold* O 244 Winston Gold 47 Winston Res 0 Winston Res* O 0 Wolfden Res* O 118 Wolfden Res V 366 Wolfeye Res V 31 Worldwide Res V 5 X-Terra Res V 145 X-Terra Res* O 0 Xanadu Mines T 24 Xemplar Egy* O 1 Xiana Mng V 24 Xiana Mng* O 5 Ximen Mining* O 53 Ximen Mining V 1210 Xtierra Inc V 356 Xtra-Gold Res* O 20 Xtra-Gold Res T 29 Yamana Gold T 7648 Yamana Gold* N 37079 Yorbeau Res T 1858 1 You Han Data* O Zadar Ventures* O 145 Zadar Ventures V 0 Zanzibar Gold 326 Zara Res* O 577 ZEN Graphene* O 39 ZEN Graphene V 347 Zephyr Mnls* O 11 Zephyr Mnls V 163 Zimtu Capital V 91 Zinc One Res V 3588 Zinc One Res * O 30 Zincore Mtls* O 1 ZincX Res* O 55 ZincX Res V 217 Zonte Metals* O 36 Zonte Metals V 492

3.52 3.19 3.46 + 0.13 4.25 1.68 4.76 4.27 4.67 + 0.20 5.46 2.17 0.29 0.24 0.25 - 0.03 0.60 0.20 0.06 0.05 0.05 + 0.01 0.09 0.04 0.04 0.03 0.03 - 0.01 0.07 0.03 0.07 0.05 0.06 + 0.01 0.09 0.03 0.09 0.07 0.09 unch 0.00 0.12 0.05 1.53 1.53 1.53 unch 0.00 2.75 1.27 0.06 0.00 0.06 unch 0.00 0.20 0.05 0.74 0.68 0.68 + 0.01 1.30 0.52 0.55 0.45 0.51 + 0.01 1.01 0.35 0.13 0.08 0.12 - 0.02 0.32 0.03 0.10 0.06 0.08 - 0.02 0.43 0.02 0.00 0.00 0.35 unch 0.00 0.62 0.01 0.35 0.35 0.35 - 0.07 1.08 0.32 0.12 0.11 0.11 - 0.01 0.41 0.11 0.08 0.08 0.08 unch 0.00 0.30 0.08 1.12 0.91 1.05 - 0.02 3.32 0.56 0.85 0.67 0.76 - 0.04 2.70 0.67 1.20 0.00 1.20 + 0.16 1.25 0.60 0.55 0.44 0.52 + 0.04 1.03 0.10 0.73 0.57 0.70 + 0.12 1.43 0.13 0.00 0.00 0.00 - 0.00 0.02 0.00 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.05 0.04 0.04 + 0.01 0.15 0.03 0.02 0.01 0.01 + 0.00 0.31 0.01 0.00 0.00 3.00 unch 0.00 3.00 3.00 22.26 20.08 22.10 + 1.80 25.24 15.08 30.07 27.09 29.89 + 2.64 33.85 19.87 0.84 0.73 0.84 + 0.03 1.44 0.46 1.14 0.99 1.13 + 0.10 2.00 0.54 0.05 0.04 0.04 - 0.01 0.25 0.04 0.01 0.00 0.01 - 0.00 0.02 0.00 2.91 2.91 2.91 unch 0.00 4.37 2.71 0.01 0.00 0.01 unch 0.00 0.03 0.01 0.09 0.06 0.09 + 0.03 0.77 0.05 0.12 0.09 0.09 - 0.02 1.01 0.06 0.05 0.04 0.04 - 0.00 0.07 0.02 0.05 0.00 0.04 - 0.01 0.08 0.03 0.00 0.00 0.02 unch 0.00 0.24 0.02 0.00 0.00 0.55 unch 0.00 0.12 0.11 0.11 + 0.00 0.33 0.10 0.17 0.16 0.16 unch 0.00 0.43 0.14 0.67 0.63 0.63 - 0.01 1.24 0.50 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.10 0.09 0.10 + 0.01 0.18 0.09 0.08 0.08 0.08 unch 0.00 0.11 0.07 0.09 0.08 0.08 unch 0.00 0.17 0.08 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.60 0.00 0.50 - 0.10 0.70 0.31 0.36 0.36 0.36 unch 0.00 0.46 0.23 0.37 0.36 0.37 + 0.01 10.27 0.10 0.52 0.46 0.51 - 0.01 0.86 0.14 0.05 0.05 0.05 - 0.01 0.08 0.03 0.26 0.24 0.26 + 0.02 0.45 0.11 0.35 0.32 0.34 + 0.01 0.47 0.23 2.73 2.41 2.71 + 0.20 4.20 2.41 2.02 1.78 1.99 + 0.11 3.23 1.78 0.03 0.03 0.03 + 0.01 0.05 0.02 1.50 1.30 1.50 unch 0.00 4.06 0.75 0.10 0.10 0.10 unch 0.00 0.10 0.02 0.00 0.00 0.11 unch 0.00 0.65 0.08 0.20 0.18 0.18 - 0.02 0.32 0.10 0.35 0.29 0.34 + 0.03 0.63 0.04 0.29 0.26 0.28 + 0.01 0.48 0.26 0.37 0.36 0.37 + 0.01 0.64 0.34 0.21 0.20 0.20 - 0.01 0.22 0.11 0.29 0.27 0.27 - 0.02 0.29 0.15 0.28 0.22 0.22 - 0.03 0.36 0.20 0.05 0.04 0.05 unch 0.00 0.27 0.04 0.03 0.03 0.03 unch 0.00 0.20 0.03 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.13 0.13 0.13 unch 0.00 0.56 0.13 0.19 0.17 0.17 - 0.02 0.75 0.17 0.20 0.16 0.17 - 0.03 0.30 0.12 0.26 0.22 0.25 - 0.01 0.41 0.17

BID-ASK — MAY 27–31, 2019 STOCK

12-MONTH

EXC BID ASK LAST HIGH

12 Exploration C C 37 Capital 66 Resources C African Metals V Aguila Amer Gd V V Alba Minerals Alchemist Mng C Alexandra Cap C Allante Res V C ALQ Gold V Altan Rio Min American CuMo V American Uran V V Anconia Res Anglo-Bomarc V Angus Ventures V Antler Hill V Arcturus Vent V V Arcus Dev Grp Arrowstar Res V Asbestos Corp V Atlanta Gold V Atlantic Indus V Aton Resources V Aurelius Min V Aurex Energy V Aztec Minerals V Banro Corp* X Barker Min V Barolo Venture V BC Moly V V Bearclaw Cap BHK Mining V Black Bull Res V Bluenose Gold V Bond Resources C Boss Power V Brigadier Gold V Brunswick Res V Bullion Gold V Cairo Res V Camrova Res V Canada Coal V Canadian Silv V Candente Gold V Canex Energy V Caracara Silvr V Carlin Gold V Cassius Vents V CAT Strategic C Cautivo Mining C Central Iron V Cerro de Pasc C Cerro de Pasc C Chantrell Vent V Cicada Vents V CIM Intl Grp C Clean Comm V Cliffs Nat Res* N Clydesdale Res V Comet Inds V Contintl Prec V Copper One V Copper Reef Mg C Cyprium Mng V Damara Gold V Discovery-Corp V Eastern Zinc C Eco Oro Mnls C V El Nino Vent Electra Stone V Empire Metals V Endurance Gold V ePower Metals V Eurotin V Evolving Gold C Excalibur Res C Fabled Copper V Fieldex Expl V Finore Mng C Fire River Gol V Firebird Res V First Idaho V V First Mexican Five Star Diam V Fort St J Nick V Four Nines C Full Metal Mnl V Fusion Gold V

20-23_JUNE10_StockTables.indd 23

0.22 0.30 0.20 0.20 0.10 0.13 0.10 0.30 0.13 ... 0.10 0.27 0.06 0.09 0.06 0.16 0.26 0.21 0.28 0.15 0.16 0.16 0.28 0.08 0.08 0.06 0.12 ... ... 0.50 0.93 0.16 0.25 0.16 0.20 2.01 2.01 1.72 4.04 ... 0.01 0.01 0.02 0.06 0.07 0.06 0.12 0.06 0.25 0.06 0.07 0.01 0.02 0.01 0.04 0.08 0.08 0.15 0.17 ... 0.29 0.48 0.15 0.15 0.10 0.20 0.06 0.15 0.08 0.16 0.03 0.04 0.03 0.07 0.01 0.01 0.12 0.12 0.45 1.00 0.55 0.80 0.03 0.04 0.03 0.06 0.01 0.02 0.01 0.05 0.03 0.03 0.03 0.11 0.13 0.14 0.14 0.15 0.20 0.26 0.20 1.30 0.11 0.13 0.11 0.29 0.11 0.11 0.11 2.10 0.01 0.01 0.01 0.02 0.27 0.34 0.27 0.30 0.04 0.07 0.04 0.09 0.03 0.03 0.03 0.05 0.02 0.02 0.02 0.10 0.18 0.10 0.12 0.14 0.15 0.33 0.17 ... 0.17 0.20 0.17 0.20 0.17 0.14 0.15 0.14 0.25 0.03 0.03 0.03 0.05 0.06 0.15 0.10 0.47 0.32 0.39 0.30 0.42 0.05 0.09 0.07 0.11 0.02 0.03 0.02 0.11 0.01 0.01 0.06 0.06 0.02 0.02 0.02 0.05 0.02 ... 0.17 0.25 0.12 0.12 0.11 0.18 0.02 0.03 0.02 0.04 0.06 0.14 0.06 0.08 0.04 0.05 0.04 0.15 0.07 0.20 0.10 0.39 0.02 0.02 0.02 0.05 0.32 0.32 0.32 0.37 ... ... 0.29 0.34 0.01 0.10 0.06 0.12 0.01 0.01 0.01 0.02 0.19 0.30 0.19 0.63 0.03 0.03 0.03 0.06 1.45 3.20 1.43 7.17 0.03 0.14 0.04 0.08 2.50 3.15 3.25 3.60 0.35 0.38 0.36 0.46 0.13 0.13 0.15 0.18 0.02 0.02 0.02 0.03 0.03 0.03 0.03 0.04 0.05 0.05 0.07 0.01 0.02 0.01 0.03 0.08 0.13 0.08 0.56 0.11 0.16 0.11 0.27 0.03 0.04 0.03 0.06 0.01 0.02 0.01 0.02 0.15 0.20 0.17 0.23 0.03 0.04 0.03 0.07 0.20 0.20 0.15 0.31 0.01 0.03 0.01 0.13 0.08 0.08 0.08 0.12 0.09 0.10 0.10 0.11 0.06 0.33 0.08 0.09 ... 0.19 0.19 0.12 0.12 0.11 0.03 0.07 0.09 0.02 0.02 0.02 0.05 0.09 0.25 0.03 0.03 0.01 0.01 0.01 0.06 0.06 0.08 0.07 0.17 0.13 0.22 0.17 0.42 0.15 0.25 0.20 0.60 0.01 ... 0.10 0.15 0.24 0.30 0.30

LOW

0.20 0.09 0.06 0.17 0.04 0.04 0.25 0.10 1.26 0.01 0.05 0.06 0.01 0.15 0.07 0.07 0.03 0.08 0.33 0.03 0.01 0.02 0.03 0.20 0.11 0.10 0.01 0.09 0.03 0.03 0.09 0.17 0.05 0.02 0.09 0.24 0.06 0.02 0.04 0.02 0.11 0.08 0.02 0.03 0.04 0.08 0.02 0.22 0.12 0.04 0.01 0.19 0.03 0.98 0.02 2.60 0.30 0.10 0.02 0.04 0.01 0.08 0.10 0.03 0.01 0.11 0.03 0.15 0.01 0.07 0.01 0.04

0.02 0.03 0.01 0.05 0.12 0.10 0.11

STOCK

12-MONTH

EXC BID ASK LAST HIGH LOW

Gem Intl Res V Generic Gold C V Gentor Res Getty Copper V GFM Res V V Global Cop Grp Global Vanad V V GobiMin Goldbelt Emp V Golden Cariboo V V Golden Harp C Golden Lake Golden Share V Great Lakes Gr V Great Quest Fe V Greatbanks Re V Green Arrow V Greenshield Ex V Grenville Gold C Grosvenor Res V Guerrero Vents V Handa Mining V Helio Res V HFX Holding V Highbury Proj V Highvista Gold V IEMR Res V Indico Res V Indigo Expl V Infinite Lith V Inform Res V V Inomin Mines Inspiration Mg C Interconnect V Intl Battery C Intl Corona V Intl Millm Mng V Iron South Mng V Jasper Mining V JDF Explor Inc C Jubilee Gold V Kal Minerals C Kenna Res V Kermode Res V Kings Bay Res V Knick Expl V La Imperial C V Latin Metals Leo Res C Lithion Energy V Lithium Energy V Lovitt Res V Lund Enterpr V Madeira Mrnls V MAG Silver* X Magna Gold V Magna Terra V Manado Gold V Manitou Gold V Martina Mnls V Matachewan Con V Mega Copper V Meridius Res V Mesa Expl V Metalore Res V Micrex Dev V Midasco Cap V MillenMin Vent V Millstream Min V Milner Con Slv V Minecorp Egy V Mineral Hill V Minsud Res V MK2 Ventures V Monster Uran V Montana Gold C Montego Res C Mountain Lake C Murchison Min V MX Gold V Napier Vent V Navy Res V Nebu Res V Nevada Zinc V New Jersey Mng C New Klondike V New Stratus V New World Res V Newmac Res V

0.01 0.02 0.02 ... 0.14 0.06 0.30 0.05 0.07 0.05 0.12 0.03 0.04 0.03 0.07 0.04 0.08 0.05 0.05 0.07 0.08 0.08 0.11 0.17 0.24 0.24 0.28 0.28 0.43 0.28 0.45 0.01 0.01 0.02 0.05 0.06 0.05 0.08 0.13 0.17 0.15 0.20 0.12 ... 0.13 0.13 0.07 0.08 0.07 0.22 0.05 0.05 0.04 0.06 0.08 0.08 0.10 0.14 0.09 0.14 0.10 0.35 0.02 0.04 0.02 0.04 0.12 0.24 0.11 0.15 0.23 0.25 0.23 0.70 0.09 0.18 0.09 0.20 0.03 0.12 0.08 0.15 0.03 0.04 0.03 0.08 0.05 0.06 0.06 0.11 0.05 0.08 0.06 0.07 0.25 0.36 0.28 0.30 ... ... 0.17 0.02 0.02 0.02 0.04 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.03 0.26 0.29 0.28 0.32 0.04 0.07 0.03 0.19 0.02 0.03 0.03 0.11 0.04 0.04 0.03 0.06 0.07 0.12 0.07 0.11 ... ... 0.31 0.03 0.03 0.04 0.05 0.02 0.02 0.03 0.03 0.24 0.27 0.24 0.28 ... 0.10 0.09 0.29 0.05 ... 0.05 0.05 0.11 0.70 0.64 0.67 0.08 ... 0.25 0.25 0.13 0.16 0.15 0.01 0.02 0.01 0.03 0.04 0.04 0.04 0.08 0.01 0.01 0.01 0.02 0.04 0.08 0.04 0.08 0.03 0.04 0.03 0.16 ... ... 1.09 ... ... 0.10 0.13 0.13 0.10 0.44 0.08 0.13 0.10 0.25 0.01 0.17 0.13 0.25 0.01 0.15 0.03 0.04 12.52 13.30 12.52 14.40 ... 0.40 0.40 0.45 0.02 0.03 0.03 0.06 0.03 0.05 0.05 0.06 0.05 0.06 0.06 0.11 0.05 0.09 0.08 0.10 0.11 0.17 0.13 0.25 0.16 0.21 0.16 0.18 0.13 0.19 0.19 0.22 0.02 0.08 0.06 0.08 1.00 1.27 0.97 2.85 0.02 0.02 0.01 0.19 0.19 0.09 0.15 0.01 0.50 0.05 0.04 0.06 0.04 0.05 0.09 0.08 0.11 ... ... 0.12 0.20 0.01 0.30 0.15 0.27 0.06 0.07 0.06 0.08 0.01 0.30 0.16 0.39 0.11 0.15 0.10 0.32 0.09 0.10 0.10 0.10 0.03 0.03 0.05 0.31 ... ... 0.05 0.05 0.08 0.10 0.08 0.18 0.11 0.11 0.11 0.18 0.20 0.20 0.44 0.11 0.14 0.15 0.24 0.03 0.03 0.04 0.07 0.07 0.07 0.22 ... 0.22 0.15 0.26 0.01 0.01 0.01 ... ... 0.40 0.25 0.27 0.21 0.30 0.05 0.12 0.09 0.10

0.03 0.05 0.02 0.04 0.04 0.16 0.20 0.03 0.06 0.13 0.07 0.02 0.06 0.04 0.02 0.05 0.12 0.09 0.06 0.03 0.05 0.05 0.21 0.01 0.01 0.01 0.12 0.03 0.02 0.02 0.04 0.03 0.02 0.04 0.08 0.01 0.63 0.12 0.01 0.03 0.01 0.04 0.02 0.09 0.06 0.11 0.02 6.12 0.20 0.02 0.04 0.03 0.04 0.12 0.16 0.09 0.06 0.97 0.09 0.03 0.07 0.09 0.05 0.15 0.10 0.02 0.03 0.04 0.06 0.17 0.15 0.05 0.15 0.13 0.06

STOCK

Nickel North Norsemont Cap NSGold Odyssey Res Oriental Non F Pac Arc Res Pac Cascade Pac Iron Ore Pacific Silk Pan Andean Min Philippine Mtl Phoenix Gold Plata Latina Plate Res Prism Res Provenance Gld Q-Gold Res Quadro Res Quantum Cobalt Quartz Mtn Res Rackla Mtls Rare Element* Razore Rock Res Red Moon Res Red Oak Mg Regency Gold Reliant Gold Remington Res Resolve Vent Resource Cap Riley Resource Rockex Mng Rockland Mnls Rockwealth Res Rojo Res Rosita Mg Corp Ross River Roughrider Exp Rover Metals Rubicon Mnrls* Sage Gold Samco Gold Scotch Creek Sennen Potash Shamrock Ent Shine Minerals Silver Mtn Mns Silver Predatr Stellar Africa Surge Explor Sutter Gold Tanzania Min Tearlach Res Tembo Gold Tesoro Mnrls Themac Res Thunder Mtn Gd Tintina Mines Tocvan Venture TomaGold Tri-River Vent Trinity Valley Troy Enrgy Trueclaim Expl Upper Canyon Vale* ValOre Metals Vanadium One Vangold Res Vantex Res Vatic Vent Vela Minerals Venerable Vent Voltaic Min Westcot Vent Western Troy C Worldwide Res Xanadu Mines Xander Res Zara Res Zena Mining Zenith Explor Zinc One Res Zinco Mng Zincore Mtls

12-MONTH

EXC BID ASK LAST HIGH LOW

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

0.01 0.02 0.02 0.04 0.33 0.42 0.43 0.46 0.09 0.13 0.11 0.15 0.03 0.04 0.03 0.06 ... ... 0.80 1.05 0.23 0.49 0.23 0.45 0.01 0.02 0.01 0.07 0.08 0.07 0.11 0.02 0.03 0.02 0.05 0.07 0.08 0.09 0.13 0.07 0.11 0.08 0.14 0.03 0.06 0.05 0.07 0.03 0.04 0.04 0.05 0.04 0.05 0.04 0.08 0.03 0.04 0.03 0.07 0.13 0.18 0.16 0.39 0.23 0.25 0.24 0.30 0.03 0.04 0.03 0.08 ... ... 1.10 3.15 0.28 0.34 0.35 0.80 0.14 0.20 0.13 0.15 0.11 0.16 0.15 0.89 0.09 0.35 0.09 0.27 0.08 0.08 0.08 0.12 0.05 1.25 0.33 0.34 0.13 0.25 0.20 0.23 ... 0.01 0.02 0.17 0.24 0.19 0.30 0.08 0.10 0.08 0.14 ... ... 0.01 0.07 0.20 0.29 0.20 0.41 0.02 0.04 0.02 0.10 0.07 0.08 0.08 0.11 0.12 0.17 0.13 0.20 ... 0.39 0.19 0.30 0.03 0.04 0.04 0.08 ... 0.25 0.26 0.26 0.06 0.08 0.07 0.25 0.05 0.05 0.07 0.11 ... ... 0.03 1.35 0.01 0.01 0.02 0.05 0.04 0.07 0.06 0.08 0.09 0.10 0.10 0.13 0.23 1.00 0.45 0.50 0.03 0.03 0.03 0.07 0.09 ... 0.14 0.16 0.01 0.02 0.01 0.03 0.06 0.07 0.07 0.12 0.02 0.03 0.03 0.06 0.39 0.44 0.39 0.23 0.01 0.01 0.01 0.02 0.07 0.32 0.16 0.26 0.20 0.23 0.20 0.28 0.03 0.03 0.03 0.04 0.05 0.06 0.05 0.07 0.06 0.06 0.06 0.09 ... ... 0.17 0.20 0.05 0.08 0.08 0.08 0.08 0.12 0.10 0.12 0.06 0.06 0.05 0.08 ... ... 0.04 0.09 0.11 0.09 0.11 0.03 0.07 0.03 0.06 0.09 0.09 0.10 0.20 0.75 0.75 0.25 0.40 ... ... 10.24 11.10 0.06 0.07 0.07 0.13 0.13 0.15 0.13 0.05 0.05 0.04 0.14 0.25 0.32 0.25 0.40 0.10 0.10 0.10 0.22 0.16 0.22 0.15 0.27 0.06 0.20 0.07 0.13 0.12 0.25 0.28 0.29 ... ... 0.35 0.35 0.08 0.08 0.10 0.13 0.03 0.05 0.03 0.07 0.07 0.08 0.08 0.17 0.23 0.23 0.09 0.15 ... ... 0.07 0.22 0.05 0.07 0.05 0.09 0.01 ... 0.06 0.10 0.04 0.04 0.05 0.27 0.05 0.07 0.05 0.03 0.05 0.05 0.09

0.01 0.25 0.07 0.02 0.80 0.20 0.06 0.02 0.03 0.04 0.04 0.02 0.03 0.03 0.10 0.12 0.03 0.20 0.27 0.06 0.06 0.06 0.01 0.19 0.14 0.17 0.07 0.01 0.11 0.01 0.01 0.11 0.10 0.03 0.10 0.06 0.03 0.03 0.01 0.02 0.10 0.45 0.02 0.08 0.01 0.06 0.01 0.03 0.01 0.12 0.03 0.01 0.05 0.03 0.14 0.02 0.10 0.04 0.04 0.01 0.07 0.17 6.57 0.07 0.03 0.14 0.06 0.14 0.07 0.13 0.23 0.03 0.02 0.08 0.03 0.07 0.05 0.04 0.04 0.03

2019-06-03 1:08 PM

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2019-06-04 4:32 PM