The Northern Miner June 27 2022 Issue 13 by The Northern Miner Group

PDAC 2022: CANADA HAS LONG JOURNEY AHEAD TO BUILD A BATTERY ECOSYSTEM / 3 Geotech_Earlug_2016_Alt2.pdf 1 2016-06-24 4:27:20 PM

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Investment bankers Pierre Lassonde touts copper over lithium as key to green transition see capital returning to | Oil is here to stay, unless lithium batteries improve, says mining legend and Franco-Nevada co-founder

SPEAKER SERIES

BY NAIMUL KARIM

s one of the world’s leading gold-focused royalty companies today, the roots of Franco-Nevada (Franco Nevada (TSX: FNV)’s successful journey lie in the purchase of its first royalty on the Goldstrike mine in 1986. But ask Pierre Lassonde, the company’s co-founder who planned the purchase, and he will tell you that he “didn’t really know what he was doing.” In fact, soon after the purchase, his partner, Seymour Schulich, went “ballistic” on him after Schulich heard that Lassonde had agreed to spend $2 million, or all of the company’s money in the treasury for the royalty. Shortly after Franco’s investment though, Barrick Gold (TSX: ABX; NYSE: GOLD) purchased the mine and revealed a 50 million oz. orebody which kickstarted Franco-Nevada’s royalty business in the best possible way. While Lassonde was confident of getting his money back, he didn’t expect to earn it back by such a big margin. “That’s optionality for you,” said Lassonde at the Mining Legends Speaker Series, organized by The Northern Miner, the Canadian Mining Hall of Fame and Young Mining Professionals, on June 8 in Toronto. The recurring Mining Legends series pairs CMHF inductees with accomplished young talent — in this case Orix Geoscience president and CEO Ashley Kirwan, who will be the subject of a separate article — to bridge the knowledge gap in the mining industry and discuss the future of mining. “What I mean by that is that with one drill hole, we can create a billion dollars… it’s one in maybe a million drill holes, but it’s happened to me three times. And that’s unique to our business…if you can put your hands on a property with tremendous optionality, I can make you very wealthy,” he told Anthony Vaccaro, president of The Northern Miner Group, who moderated the program. Over the 20 years since Franco was founded in 1982, the company provided its shareholders with a 36% annualized rate of return before being acquired by Newmont (NYSE: NEM, TSX: NGT) in 2002. In 2007, Newmont decided to divest its royalty assets and Lassonde and his team launched an

mining — once market risks abate PDAC 2022

Franco-Nevada co-founder Pierre Lassonde, left, and Northern Miner Group president Anthony Vaccaro in Toronto. TNM/ERIK ROTTER PHOTOGRAPHY

“WHEN YOU LOOK AT THE ‘GREENIFICATION’ OF THE WORLD, IT’S ALL ABOUT ELECTRICITY… AND THAT’S WHERE WE’RE GOING TO NEED A LOT OF COPPER.” PIERRE LASSONDE CO-FOUNDER OF FRANCO-NEVADA

initial public offering to bring back the company for US$1.2 billion. Today, the company, of which Lassonde remains chair emeritus, has a market cap of about $35 billion. Lassonde is also chairman and CEO of Firelight Investments. Entrepreneurial spirit Lassonde, who was inducted into the Canadian Mining Hall of Fame in 2013, credits the immense freedom that he enjoyed as a child behind his desire to become an entrepreneur. As a 14-year-old in the 1960s, Lassonde recounted how he had gone hitchhiking with his friends for a month and was barely in touch

with his family during the period. “When I came back, I remember walking up the stairs… and all my mother said was, ‘what would you like for dinner?’ I’d been gone for a whole month… I wouldn’t say my parents couldn’t care less but they gave us the freedom to really be whatever we wanted to be,” he said. But it wasn’t always his plan to enter the mining industry. Growing up, Lassonde dreamed of owning a construction company and so he ended up studying engineering and working for a construction firm. As it happened, his first project at the job was at a mine site. There, Lassonde met a geologist speculating on junior stocks and he began investing. “As luck would have it, the very first one I bought, I made ten times my money in a space of about three months, and I thought I was God’s gift to finance,” he laughed. “Of course, the next one I bought, I lost everything. But I was hooked.” And so, in 1982, together with Seymour Schulich, who came from the oil and gas industry, the duo started Franco-Nevada with an aim to be one of the first royalty businesses in the mining sector. While the team of two did See LASSONDE / 16

| Awareness of metal supply constraints growing

BY ALISHA HIYATE

espite strong commodity prices, money has not been flowing into the mining sector — and that is likely to be the case as long as market volatility and uncertainty continue, according to a panel of mining-focused investment bankers at this week’s Prospectors and Developers Association of Canada (PDAC) convention. The June 13 conversation, moderated by Northern Miner Group president Anthony Vaccaro, took place in the context of a market sell-off with the market reacting to higher than expected inflation numbers in the U.S. and growing recession fears. Michael Faralla, head of TD Securities’ Global Mining Group, noted that financings on the Toronto Stock Exchange are down roughly 60-70% from last year. “That’s not a mining issue per se — that’s a broader market volatility and risk-off attitude amongst investors issue,” he said. “The mining sector has been caught up in that, even with high commodity prices.” “The concern is the data is all over the place,” said Chris Gratias, managing director of mining investment banking at CIBC Capital Markets, adding that there has been a lack of consensus on how the U.S. Federal Reserve will respond to rising inflation. “The fact that we had close to 9% inflation in the U.S. surprised a lot of people,” Gratias said, pointing to inflation numbers, released on June 10, as the reason for the market fall on June 13. “All of a sudden you go from the Fed changing rates from 50 basis points in the next meeting to people saying 75, which is huge.” Summing up, he said: “I think that’s just the environment for a while yet... and in a period of volatility and uncertainty, what do people do? They sit on their hands.” Although producing companies are in a healthy position now, thanks to previous years of cost cutting and robust commodity prices, they now face the challenge

DIAMONDS: NWT LOOKS TO FILL ECONOMIC VOID AS MINES AGE / 13

of inflation — in wages, consumables and other input costs. “We’ve seen over the last half a dozen years mining companies doing a really good job of containing costs and returning free cash flow to the shareholders, and now we’re seeing a countervailing trend of costs going up because of external factors,” Faralla said. “So I think that’s another headwind for the mining sector generally.” ‘Uptick in capital’ Despite the current aversion to risk, concerns around electrification and decarbonization have “radically awoken” people to how much demand for metals is actually growing, said Ryan Latinovich, global head of mining and metals at RBC Capital Markets. See BANKERS / 16

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Gold Standard Ventures’ South Railroad project, an open pit, heap leach gold project located in Nevada. GOLD STANDARD VENTURES

Orla Mining expands into Nevada with Gold Standard Ventures acquisition GOLD

| Mexico-focused miner takes on 1M-ounce South Railroad project with 8-year mine life

BY JACKSON CHEN

exico-focused precious metals miner Orla Mining (TSX: OLA; NYSE: ORLA) is expanding its footprint into the U.S. with the acquisition of Gold Standard Ventures (TSX: GSV; NYSE: GSV), whose main asset is the South Railroad openpit project located on the Carlin trend in Nevada. Earlier this year, Gold Standard completed a robust feasibility study for the South Railroad gold project, outlining a million-ounce operation capable of producing

124,000 oz. annually over an estimated eight-year mine life. The project has a US$315 million aftertax net present value at a 5% discount rate and a 44% internal rate of return. Its initial capital cost is pegged at US$190 million. Permitting of the South Railroad project is currently progressing towards a record of decision from the U.S. Bureau of Land Management. The acquisition of South Railroad would add another 1.6 million oz. of proven and probable gold reserves (65.2 million tonnes at 0.77 gram gold per tonne) to

Orla’s existing reserve base at the Camino Rojo oxide mine, which itself contains 1.6 million oz. (67.4 million tonnes at 0.73 grams gold per tonne). “This acquisition advances our strategy of creating stakeholder value through responsibly building and operating a portfolio of high-margin, cash-generating assets with superior geological prospectivity. The South Railroad project is analogous to our recently completed Camino Rojo mine – a low-capital intensity, open pit, heap leach project in a desirable location with exploration upside. We have

the team, partners, and financial resources to develop this quality asset and we are ready to go,” Orla’s CEO Jason Simpson commented. Gold Standard also owns the Lewis project, which comprises a large land package on the Battle Mountain gold trend. It lies just to the north of South Railroad and within the boundary of Nevada Gold Mines’ Phoenix operation. Under a definitive agreement signed between the companies, Gold Standard shareholders will receive, for each share held, 0.1193 of an Orla common stock and $0.0001. This implies a purchase

price of 65¢ per Gold Standard share, or gross consideration of $242 million, representing a 35% premium based on both companies’ stock prices at market closing on June 10. Post-closing, existing shareholders of Orla and Gold Standard will respectively own around 87% and 13% of the combined company. Shares of Gold Standard surged 11.3% by market close June 20 following news of its acquisition by Orla. The company currently has a market value of $193.7 million. TNM

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Kinross Gold sells Russian assets at half the agreed price GEOPOLITICS

| Payment for Siberian projects spread out over 2022-2027

BY CECILIA JAMASMIE

inross Gold (TSX: G; NYSE: KGC) said on June 15 it had sold its Kupol mine and Udinsk project in Russia to Highland Gold Mining for a total of $340 million in cash, half of the price announced in April. The Canadian miner suspended operations in Russia in early March to both comply with Western sanctions against Moscow over its invasion of Ukraine and avoid reputational damage by staying in the country. Kinross, which has been operating in the federation for about 25 years, said the price adjustment followed a review by the recently formed Russian sub-commission on the Control of Foreign Investments. Country authorities in March said that any transaction between Russians and foreign counterparties required permission from the commission, to ensure decisions to exit were not driven by political pressure. The assets sold to Highland Gold, one of Russia’s largest bullion miners, included the Kupol underground mine and the surrounding exploration licenses in the country’s Far Eastern region of Chukotka, about 7,000 km from Ukraine. It also included Udinsk, the first project Kinross expected to develop on the Chulbatkan licence, acquired in 2020. Kinross had envisioned beginning production at the pit in 2025.

An ice road near Kinross Gold’s Kupol gold mine in the Chukotka region of Russia’s Far East. KINROSS GOLD

“We view this announcement as mildly positive as Kinross has finally exited Russia with $300 million in cash today (the market had been concerned that KGC would not receive any cash), with only a small deferred portion for next year,” Scotiabank said on June 15. Leaning on Tasiast and Paracatu “After the completed divestment of our Russian business, Kinross’

rebalanced portfolio maintains a substantial production outlook anchored by its two tier one assets — Tasiast and Paracatu — as well as a strong portfolio of mines in the Americas, a growing business in Chile, and the large, world-class Great Bear project in Canada,” Kinross Gold president and CEO Paul Rollinson said in a statement. Before Moscow’s invasion of Ukraine began in February, Kinross had forecast that about

13% of its global production would come from its operations in Russia. Analysts had described Kinross’ move as positive, but were wary about the relatively long payment schedule spread evenly over the 2022-2027 period. “We note that a heavily staggered payment plan mutes the immediate benefits to Kinross,” Jackie Przybylowski, a mining analyst with BMO Capital Markets, wrote in a research note to

A gold pour at the Kupol gold mine in Russia. KINROSS GOLD

clients on Apr. 5. Highland Gold is one of the largest gold producers in Russia, with a portfolio of assets located in four mining regions — Chita, Kamchatka, Chukotka and Khabarovsk. The company is also commissioning the Ozernoe mine in Buryatia. The transaction is the first sale of a Western company’s assets in Russia since the start of the war in Ukraine. TNM

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Canada’s long and winding road towards building a battery ecosystem PDAC 2022

| Country lags behind competitors, must attract more technical expertise

BY NAIMUL KARIM

rom a lack of skilled professionals to rising costs due to inflation amidst the pressure to quickly build an entirely new industry, Canada must overcome several obstacles before it can build the battery ecosystem it often promotes, industry experts said at a session at the PDAC conference in Toronto in June. While the country has over the last year taken steps to support miners hunting for battery metals, which includes a $3.8-billion allocation in this year’s federal budget, none of the session’s industry insiders believed it was possible for Canada to supply battery minerals to cell factories by 2025. “I can do the graphite for Canada, for the U.S. and whoever is willing to purchase it by 2025,” said Eric Desaulniers, CEO of Nouveau Monde Graphite (TSXV: NOU; NYSE: NMG), which is targeting its first production from its Matawinie graphite mine, in Saint-Michel-des-Saints, Que., in 2023. But he added that customers may not be willing to buy graphite if other components needed to make lithium-ion batteries aren’t ready by then. “It’s magic, making a lithium-ion battery cell that won’t explode and that works… very few cell makers are able to do that,” Desaulniers said. Prices of battery metals such as lithium, nickel and copper have increased in recent years due to high demand for electric vehicles as the world looks to meet its decarbonization goals. Canada can supply most of the critical minerals and also develop an EV industry, but currently lags behind its competitors in China and the U.S., experts say. The absence of skilled workers needed for this new industry has forced Desaulniers to hire experts from China. “We don’t need to reinvent the wheel,” Desaulniers said. “The wheel is turning in China. Our challenge is to attract the talent overseas in Canada.” The Nouveau Monde CEO added that two of his engineers are stuck in China due to the coronavirus, which is making a resurgence in the Asian

OBITUARY

Igor Levental:

Mining sage with deep passion for arts and learning

A panel discussed how Canada can build its battery ecosystem at the PDAC convention in Toronto. NAIMUL KARIM

nation and that has forced him to postpone some of his work. Nascent chemical industry Colin Hardie, National Director of Mines and Metals with engineering firm BBA Consultants, said that while the industry has plenty of mining experts, the sector is steadily shifting towards “something that’s almost like a chemical industry.” Often BBA is asked to quickly provide opinions on “new technologies and processes” that are in their infancy, Hardie explained. “Finding experts in rare earths is rare; there are not many out there,” he said. “We need to have qualified people… most of the people with expertise don’t live in Canada.” One of the ways Hardie solves issues like that is by partnering with other firms to offer experts for projects. He also believes that the rising interest in battery metals could change the scenario in the future. While building a steel plant or iron ore mines may not be “so sexy” at the moment, people are interested in critical elements and batteries to “save the planet.” Members of both the governments present on the panel acknowledged the issue and described it as a problem that persists across the economy. “(In the mining sector) there will be specific technical challenges, skillset challenges, issues around attracting people to do that kind of work,” said Sheryl Groeneweg, a director general at

Innovation Science and Economic Development Canada, adding that there are a “raft of different programs” that have been instituted to address the situation. According to Merran Smith, founder of Clean Energy Canada, a research firm based at Simon Fraser University, the critical minerals sector can create about 270,000 direct and indirect jobs. With most minerals being extracted and refined in authoritarian or high-risk jurisdictions such as China and the Democratic Republic of the Congo, Canada’s products are likely to be more attractive in the future, said Smith, however, she believes that the nation runs the risk of doing what it “always does” and continuing to be a staples economy that exports unprocessed goods. She also stressed the need for “functional conversations” on the increasing demand for electricity to ensure that Canada has “enough electricity to power an electrified society.” Groeneweg however, said that the government was doing everything it could to “accelerate investment” in batteries and other renewable energy products and expects to see a range of different industrial capabilities and capacities by 2035. “The government might be perceived as doing nothing, but it’s a bit of an iceberg. There’s a lot going on underneath… there [are] a lot of companies knocking on our doors… Canada is absolutely open for business, she said. TNM

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Igor Levental BUSATH PHOTOGRAPHY

BY ANTHONY VACCARO

he mining universe has lost not only a wise and generous leader, but also a true renaissance man. Igor Levental, president of The Electrum Group and director of Novagold Resources and Gatos Silver, passed away suddenly and unexpectedly on June 10. Igor’s mining career spanned more than 30 years, where he held numerous board and senior roles and was actively involved in many of our industry’s more notable deals and development projects. For those of us who had the good fortune to spend time in his company — and there were many, as Igor went out of his way to make time for people — we quickly saw that this was a rare individual. His depth of knowledge, not only about mining but also cinema, opera, music, books, and pretty much any other subject that could arise, was matched only by his friendliness, humility and incredible sense of humour. He was also a keen student of mining history, and was for myself a great source for background and colour about some of the liveliest people and most important deals in our industry’s long history. Dr. Thomas Kaplan, Novagold’s chairman, wrote a worthy tribute to Igor entitled “Onwards and Upwards: A Tribute to a Cherished Friend, Igor Levental.” Out of the many strong memories, this one in particular stands out: Among so many wonderful vignettes, on one especially memorable occasion, while serving as my plus-one for the screening of a Woody Allen movie, I introduced him to the virtuoso artist. I left them alone, and when I returned found Igor and Woody deeply immersed in the nuances of Ingmar Bergman’s character studies. This epitomized the quintessential Igor, and my eyes are brimming from this image. Reminiscing upon it now, I last said goodbye to Igor in Salt Lake City in May with my planting a big parting kiss on his forehead — a tradition we maintained for years. He chuckled, and his smile was beatific. Igor was a positive force in life, and in our industry. We were indeed very fortunate to benefit from that force in innumerable ways, both small and large. Our deepest condolences go to his family, his wife Jessica Levental, sons Casey, Misha and Misha’s wife Evan, and Igor’s father Mr. Genady Levental. We will do our part to let Igor live on by acting with integrity, thoughtfulness and attentiveness towards those around us, and in doing so he will continue to enhance this industry through us. Contributions in Igor’s memory can be made to Hillel 818, Panthera, or the Colorado Mining Association Education Foundation. TNM

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few things were top of mind for delegates as they converged on the Metro Toronto Convention Centre June 13-15 for the first in-person Prospectors and Developers Association of Canada (PDAC) convention in more than two years. Excitement about meeting in person again; mild BY ALISHA HIYATE shock at how pleasant a city Toronto can be outside of early March, when the convention is normally scheduled; and despite the market turmoil that coincided with the show, optimism about the need for mined metals in a world that’s desperately trying to wean itself off fossil fuels. One thing that didn’t appear to be on the minds of many, however, was the risk of actually catching Covid-19 — the whole reason for the long delay between in-person PDAC shows. PDAC was preceded by other mining shows that restarted this year — including the AME Roundup and the Vancouver Resource Investment Conference in B.C., and Mining Indaba in South Africa — but it was the largest such show, attracting more than 17,500 people in the flesh. That’s down from the March 2020 conference numbers of 23,000, and the upwards of 25,000 who attended in each of 2019 and 2018. Although there were signs greeting delegates at the entrance that expressly “requested” attendees wear masks, few actually did — maybe around 10% at best. And a huge bottleneck on the first day of the show caused a lineup of more than an hour and crowding of hundreds of people Monday morning as preregistered delegates waited to get their passes printed. Minimal masking was a bit curious for a safety-obsessed industry that navigated the first year of the pandemic admirably, putting in place strong safety protocols and in many cases, donated PPE to local hospitals experiencing severe shortages in those early days. Maybe it would be unreasonable to assume a higher rate of masking, however, considering that even physicians seem to shed their masks en masse at conferences. A medical conference in New Orleans in May organized by the Society for Academic Emergency Medicine (SAEM), hosted a more modest 3,000 delegates — still one of the SAEM’s largest events, according to a June column in StatNews.com. However the column’s authors, who attempted to track the degree of Covid-19 spread from the conference (a difficult task in the absence of any official attempt to track cases), noted a similar environment to PDAC. “Social media images from conference events showed large, closely packed indoor crowds in close contact and without masks on,” the columnists wrote. It will be interesting to see if the 91st annual edition of the PDAC conference, which will be back to its usual slot in March in the midst of the Northern Hemisphere’s cold and flu season, will see as casual an approach to Covid-19 precautions. Full disclosure, I did test positive several days after I attended the show — and I will be one of the masked 10% at the next industry event. Not just needed, but wanted Aside from the desire to put the pandemic behind us, mining’s role in the energy transition was a strong focus at the convention. At a panel on what decarbonization means for the junior mining sector, there was a sense of frustration, however, that the industry isn’t getting more traction despite the clear need for metals in a net zero future. Rohitesh Dhawan, president and CEO of London-based International Council on Mining and Metals (ICMM) summarized the issue nicely. “For us to be relevant, we have to be the leaders in decarbonization ourselves. If we’re saying to the world, our metals are absolutely critical to decarbonization – which they absolutely are… ultimately, that comes with a responsibility to make sure that the way those metals are introduced (is done in as responsible a way as possible),” Dhawan said. “If we show that we can produce these metals cleanly and in ways that promote social development, not only will people see us as needed... but our sector will be wanted, and that’s the place that we need to get to.” To that end, the ICMM is working on clear, consistent reporting guidelines that miners across different commodities can measure, report, and set targets for when it comes to Scope 3 emissions. Dhawan says the organization expects to release the guidelines by the end of the year. Indigenous inclusion With so many resource projects being located on Indigenous lands globally, another theme was the ongoing renegotiation of the relationship between miners and Indigenous communities, who are exercising their rights and expecting more from mining companies. That includes equity stakes in projects or companies over employment and other benefits that traditional impact benefits agreements (IBAs) spell out, as well as more authority in permitting processes, and exploring ways to improve communities’ access to capital. I was privileged to moderate a discussion on increasing Indigenous representation on corporate boards that included Canadian Indigenous leaders Fiona Blondin, Shannin Metatawabin, Martha Manuel and Matthew Coon Come. Coon Come, a Cree activist and former National Chief of the Assembly of First Nations and Grand Chief of the Grand Council of the Crees, advised: “Never underestimate your knowledge as an Indigenous person.” While intended for Indigenous members of the audience, those are also wise words for mining companies, which currently have very few Indigenous board members, but would benefit from Indigenous perspectives in their leadership as they begin to navigate new relationships with Indigenous communities. TNM

DEPARTMENTS Global Copper. . ......................................................................... 7 Diamonds. . . . . . . . ........................................................................ 13 Professional Directory. ............................................................... 17 Market News. . . ......................................................................... 18 Metal, Mining and Money............................................................ 19 Stock Tables. . . . . ................................................................... 20-23

A VIEW FROM ENGLAND COLUMN

| Cost of capital is rising but perspective required

BY DR CHRIS HINDE Special to The Northern Miner

uelled by the war in Ukraine and ongoing Covid-19 shutdowns, inflation is rising globally. To combat the threat, central banks around the world have been increasing interest rates. Canada’s consumer price index reached 6.8% in April. The Bank of Canada increased its overnight and deposit interest rates to 1.5% at the start of June, and its own rate to 1.75%. Inflation in the U.S surged unexpectedly in May to reach 8.6%, and on June 15 the Federal Reserve announced its biggest interest rate rise since 1994. The increase of 0.75 of a percentage point (pp) to a range of 1.501.75% is the third in four months (after 0.25pp in March and 0.50pp in May). On June 16 (without waiting for the European Central Bank to begin tightening its monetary policy), the Swiss National Bank raised the country’s interest rates for the first time in 15 years. On the same day in the U.K., the Bank of England announced its fifth rate hike since December, pushing the benchmark rate above 1% for the first time since 2009. With consumer prices having jumped to a 40-year high of 9% in April (and a forecast of 11% later this year), the modest 0.25pp increase to 1.25% failed to satisfy proponents on either side of the risk-reward debate. These sudden interest rate rises are all the more troubling for mining companies because they come after a decade of extremely cheap borrowing costs — barely two years ago, benchmark interest rates in the U.K., for example, were at a record low of 0.10%. Neither must we forget, however, that interest rates remain relatively low, with borrowing costs in the U.K. having averaged almost 7.2% over the past 50 years. Interest rates reached an all-time high of 17% under Margaret Thatcher in November 1979, and also touched 14.9% in October 1989. The cost of borrowing was still 5.8% as recently as July 2007 as part of government efforts to curb an over-inflating U.K. economy. A proper perspective is important, and we must turn to a Canadian academic, Professor John Munro (1938-2013), for a longterm examination of U.K. interest rates. In a University of Toronto paper published in 2011, Munro studied the impact of Protestantism on interest rates in England from the 16th century to our Industrial Revolution at the end of the 18th century. As Munro noted, there is a long established Christian (and Muslim) doctrine against charging

interest on loans, with any such fee being deemed morally ‘excessive’ (usury) historically. In the late Middle Ages (circa 12001500), the problem of financing capitalist endeavours in Europe was resolved by using Jewish bankers. Although the early Protestant reformers, beginning with Martin Luther (1483-1546), had endorsed the ban on interest rates, John Calvin (1509-1564) permitted interest on commercial loans. His views helped breach civil support of the usury doctrine, and in 1540 an imperial decree in the Netherlands permitted interest payments of up to 12% on commercial loans. Henry VIII approved a U.K. statute five years later (two years before he died in 1547) that permitted interest payments up to 10% on any type of loan (higher rates constituted usury). The maximum rate was subsequently reduced, in stages, to 5% in 1713 (a rate that was maintained until the abolition of the usury laws in 1854). The consequences of legalizing interest payments, but with ever lower maximum rates, had a far-reaching impact on the English economy. It also assisted the establishment in 1694 of the Bank of England (BoE), which began as a private bank raising money for the government (primarily to fund a war effort against France). Under the Bank Charter Act of 1844, the BoE gained a monopoly on the issue of bank notes. The Act stipulated that these bank notes had to be backed by gold, so setting the stage for a gold standard that lasted almost a century. For miners, it is trends in international interest rates that are important. In 2018, BoE economist Paul Schmelzing looked at global borrowing costs since 1311. He concluded that real interest rates have never been stable for long, and that since the major monetary upheavals of the late Middle Ages, a declining interest rate trend of 0.6-1.8 basis points (1bps = 0.01%) per annum has prevailed. Schmelzing identified a “consistent increase in real negative-yielding rates in advanced economies”, and that there is a “long-term trend globally to lower interest rates”. This research suggests that the current unpleasantness is temporary, and that the cost of financing mining’s capital projects (and of holding gold) will eventually revert to its 700-year downward trend. TNM — Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

COMPANY INDEX Adventus Mining.................................................7 Alrosa..................................................................14 Anglo American................................................14 Antofagasta......................................................... 8 Arctic Star Exploration.....................................13 Atex Resources.................................................. 9 Azucar Minerals................................................10 Barrick Gold................................................ 1, 5, 8 CAVU Energy Metals.......................................10 Critical Elements................................................ 6 Foran Mining.......................................................11 Franco-Nevada................................................... 1 Gem Diamonds ................................................14 Gold Fields.......................................................... 5 Gold Standard Ventures.................................. 2 Kinross Gold....................................................... 2 Lundin Gold..........................................................7

Margaret Lake Diamonds...............................13 Max Resources..................................................12 Mountain Province Diamonds.......................13 Newmont..........................................................1, 5 Nighthawk Gold................................................13 Nouveau Monde Graphite.............................. 3 Orla Mining.......................................................... 2 Osisko Metals....................................................12 Rio Tinto................................................... 5, 13, 15 Salazar Resources..............................................7 Star Diamond.....................................................15 Starr Peak Mining.............................................12 Strategic Metals................................................10 Trigon Metals.....................................................12 Wheaton Precious Metals................................7 Yamana Gold...................................................... 5

GLOBAL MINING NEWS

THE NORTHERN MINER / JUNE 27 — JULY 10, 2022

PDAC 2022

Gold miners need to partner up to avoid being left behind in future, says Newmont CEO GOLD

| Size, scale and mine life needed for miners to become carbon neutral, says Tom Palmer

BY NAIMUL KARIM

f gold companies want to survive the future of mining, which will entail low-grade ores and the required responses to climate change, they will need to consolidate, said Newmont (NYSE: NEM, TSX: NGT) CEO Tom Palmer, during his keynote speech at PDAC 2022 in Toronto on June 14. According to Palmer, miners are identifying fewer “large scale and transformative” gold deposits that are harder to reach, with the situation likely to get more difficult with companies expected to invest more in sustainability. He believes that only a few gold companies have the capacity to mine future discoveries in a suitable way, which “makes the case” for partnerships. “To reach our 2050 carbon neutral goals, companies will [be] required to have the size, scale and mine life to invest and deliver results,” he said. “Those who do not understand these fundamentals are doomed to be left behind because while gold will always exist, not all of us will without collaboration and consolidation. “As we design the mine of the future, we see factors on the horizon we must address (such as) the need to reduce our footprint,” he added. “It is clear, technology will play a role with an important element…being automation. We continue to…implement technology not only to address climate change challenges but also to improve safety and productivity.” The gold sector has seen at least eight notable consolidations since 2018, when Barrick Gold (TSX: ABX; NYSE: GOLD) and Randgold Resources announced an $18 billion all-share merger. More recently, South African miner Gold

A Newmont worker at the Cripple Creek & Victor mine in Colorado. NEWMONT

Fields (NYSE: GFI) said in May it was buying Canada’s Yamana Gold (TSX: YRI; NYSE: AUY) in an all-share deal worth $6.7 billion. The mergers take place as the world looks to meet the goals of the 2015 Paris Accord, in which nearly 200 nations agreed to keep global temperatures within 2 degrees Celsius above pre-industrial times. Palmer said that Newmont is looking to challenge conventional mining methods and “disrupt” the industry by considering applications and technologies that have

minimal carbon footprints. For instance, the company is looking to develop an all-electric autonomous system, including a mobile mining fleet, for its open pit and underground mining activities by 2027. “If we don’t implement this technology by this decade, then the mines we start to build in the early 2030s which will be the mines we operate in 2050, will still be operating without (sustainable) technology. So, unless we are prepared to disrupt the cycle and get that technology into operation and prove

them this decade, we would have lost 2050,” he said. Aside from addressing climate change issues, Palmer talked about the need to better address accidents. “We know the fatality risks and how [they] can be managed, yet they still exist and we still kill people. If we cannot provide the fundamental protection and ensure our workforce that they can return home to their loved ones in the same condition they left, we will become obsolete,” he said. Palmer also discussed the need

to build a culture that fosters a psychologically safe workplace and address issues like sexual harassment, bullying and discrimination. Mining leaders must also undertake “behavioural change,” the CEO explained. “We need to recognize who makes up the majority of our workforce in Newmont. They look like me, they are white men, and we are in the position of having power and privilege. So, we need to change our behaviours. We need to understand the minority,” said Palmer. TNM

Rio Tinto unveils proposed changes after workplace survey that uncovered racism, harassment ESG

| Miner in the process of designing a ‘comprehensive’ approach to tackle issues

BY NAIMUL KARIM

io Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is designing new reporting mechanisms for its employees and training modules for top leaders to spot “unacceptable” behaviours in the workplace, the company said four months after the release of a report that revealed patterns of racism, sexism and harassment among its global workforce. Carolyn Chisholm, director of Rio Tinto’s external affairs, said that the company made a “conscious effort” to assess the situation before beginning to fix the issues brought out by the report. “As a company made up of engineers, we want to get stuff done… but it was conscious on part of the team that we take our time and that we are uncomfortable with the uncomfortable because that’s when we are going to do something about it,” said Chisholm in a

Bethany Borody, left, from New Gold; Angela Bigg from Rio Tinto; Carolyn Chisholm, Rio Tinto’s director of external affairs; and Susan Lomas from Mine Shift at the PDAC convention in Toronto. NAIMUL KARIM

session at PDAC 2022 on June 13. “We are in the process of really trying to figure out a thoughtful, comprehensive, and inclusive way on how we act on the 26 recommendations (from the report),” she added. “It’s like designing engagements on projects with First Nations and making sure you do it right and it takes time. We

are trying to co-design those elements right now.” Rio Tinto launched a survey in March of last year that was answered by about 10,000 employees. Released in February, the results showed that about 30% of women and 7% of men at the company had been sexually harassed at work. Of them, 21 female work-

ers also reported cases of actual or attempted rape or sexual assault. Nearly half of all employees who responded to the Rio Tinto-commissioned external review of the miner’s workplace culture said they had been bullied, while racism was found to be a common issue across several areas. The move was part of an ongoing effort to clean up the company’s tainted image following its destruction of two 46,000-year-old sacred rock shelters in Western Australia in 2020 while working to expand an iron ore mine. Chisolm said that the company plans to make changes through three pillars, the first of which will require the company’s leaders to go through an “extensive leadership program.” “They pull us apart and put us back together again… to make that cultural change you have to have leaders that have the skills to pick out the behaviours that are

unacceptable and to be in a position to create that sense of trust and safe space to have those difficult conversations,” she said. The company director also said that during the survey work Rio Tinto learned that many people didn’t trust its processes and procedures. “We didn’t have people experienced to deal with and pick out trauma and respond to it accordingly. We are in the process of standing that up and making sure we have those trained experts,” she said. Days after the release of the survey, the Mining Association of Canada, which includes about 50 of Canada’s top mining companies, said that it would introduce measures to propel its members to be “more transparent” on issues like sexual harassment and discrimination by the end of 2022. Rio Tinto aims to conduct a similar survey in 2024. TNM

JUNE 27 — JULY 10, 2022 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

Lithium supply struggles to keep up with demand: BofA report MANUFACTURING

| Pressure felt from ‘exponential growth’ in EV production

PDAC 2022

War, supply issues have increased importance of critical minerals, says Wilkinson | Minister hints at reducing time needed to start mines in Canada

STRATEGY

N Tesla Gigafactory Berlin-Brandenburg on the outskirts of Germany’s capital city. MICHAEL WOLF/WIKIMEDIA CC 3.0 BY HENRY LAZENBY

hile prices for battery-making products such as lithium spodumene, carbonate and hydroxide have rallied by 1,553%, 1,057% and 744%, respectively, since mid2020, the lithium market will struggle to remain balanced in the medium-term, Bank of America (BofA) says in a new research note. According to the bank, the upward pressure has been driven by a confluence of factors, including supercharged demand growth expanding at twice the rate of supply in 2021. The bank’s Global Commodity Research team, led by commodity strategist Michael Widmer, said the solid fundamental backdrop had been heavily influenced by exponential growth in electric vehicle production, which looks unlikely to change. BofA expects car manufacturers will double output from 6.9 million units in 2022 to around 13.6 million units by 2024. “This matters because the lith-

ium market is still quite small, making it difficult to absorb the massive demand-pull for tonnages,” said Widmer in the bank’s weekly metals briefing. “Even with the base effects now starting to kick in, [lithium demand] growth rates are set to remain above 20% until 2025.” BofA said that rapidly increasing EV penetration rates and the risk of potential deviations from expectations meant that fundamentals and prices would likely remain very volatile going forward. While EV manufacturers are the key demand drivers, consumption is also increasing from other green technologies. Indeed, integrating more renewables into the grid means that electricity storage systems (ESS) need to expand as well. ESS is becoming an increasingly important demand driver for lithium. Lithium-ion batteries have had a significant share in the ESS mix in recent years. Energy Storage Solutions may account for almost 15% of lithium demand by 2030. The bank estimates a lithium mar-

ket deficit of 274,000 tonnes, with demand from ESS set to be around 381,000 tonnes by 2030. “As demand continues to pace ahead, supply is reacting at both incumbents and newcomers,” Widmer said. Sticking with the first, Australia’s Greenbushes mine will increase output six-fold to just over 300,000 tonnes by 2026. Similarly, SQM is also boosting supply from around 100,000 tonnes to 240,000 tonnes. All along, recycled volumes are set to be increasing steadily. “Notwithstanding, even with all the additional primary and secondary supply, lithium may struggle to remain balanced in the medium-term,” Widmer said. “This means that market participants will, in all likelihood, have to look for two solutions: Demand growth slows, for instance, by shifting some of the ESS demand away from lithium-ion batteries, or more supply is coming on still. “While we see weaker fundamentals in 2023, ultimately, lithium remains in an uncomfortable position.” TNM

BY NAIMUL KARIM

atural Resources Minister Jonathan Wilkinson has said that Russia’s invasion of Ukraine and the fragility of global supply chains have “heightened” the importance of critical minerals as he welcomed mining company delegates on the opening day of PDAC 2022. Wilkinson described the transition to net-zero as a “competitive race” between the world’s largest economies, with demands for minerals like lithium and graphite, used in electric vehicles, to increase by 1,000% in the future. “There is a risk of them becoming a bottleneck rather than an enabler of energy transition and so early and rapid development is required,” he said. He added that Canada possessed all of the 31 minerals in the country’s critical minerals list. In April, the federal government allocated up to $3.8 billion over eight years in this year’s budget to develop electric vehicle components such as batteries and permanent magnets and ensure that the country becomes a vital part of the global critical minerals industry. Applauded by miners, the budget also introduced a new 30% tax credit for exploration expenses incurred in Canada that target minerals like nickel, lithium, cobalt, graphite, copper, rare earths elements, zinc, uranium, platinum group metals and others. During his speech at PDAC’s Canada Day session on June 13, Wilkinson also hinted at reducing the time needed to start up

Jonathan Wilkinson, Minister of Natural Resources, speaks at the Prospectors and Developers Association of Canada conference. NATURAL RESOURCES CANADA

mines in Canada. “Going forward it simply cannot take us 15 years to develop a new mine,” he said, adding that the government’s recently launched Regional Energy and Resource Tables will bring together different groups in the sector “to identify and seize the greatest opportunities for growth.” The minister further said that the government is currently working to strengthen the Canada-U.S. critical minerals action plan and boosting mineral security in the wake of the Russian invasion. “This is a historic time for Canada’s mining industry. If we are thoughtful and bold in our actions, we can leverage Canada’s inherent advantages…to create a truly sustainable, prosperous, low-carbon and dynamic natural resources economy,” Wilkinson concluded. TNM

Critical Elements delivers Rose lithium feasibility study with US$1.9B after-tax NPV QUEBEC

| Study outlines US$357M capex for project in James Bay region, with mine life of 17 years

BY JACKSON CHEN

ritical Elements (TSXV: CRE; OTC: CRECF) has delivered a new feasibility study on its wholly owned Rose lithium-tantalum project situated in the Eeyou-Istchee region near James Bay in Quebec, confirming the potential for a low-risk, reliable producer of high-quality lithium. The study envisions a 17-year operation that will excavate a total of 26.3 million tonnes of ore grading 0.87% Li₂O (lithium oxide) and 138 ppm Ta₂O₅ (tantalum pentoxide). These mineral reserves, all categorized as probable, are estimated from 17 mineralized zones on the Rose property. Each year, the proposed mill will process 1.6 million tonnes of ore to produce an annual average of 224,686 tonnes of technical and

The Rose lithium project in Quebec. CRITICAL ELEMENTS

chemical grade spodumene concentrates and 441 tonnes of tantalite concentrate, according to the study, which assumes that simple open pit mining and conventional lithium processing technologies are used. Over the life of the mine, the pit will excavate a total of 182.4 million tonnes of waste rock and 10.9

million tonnes of overburden. The average strip ratio is 7.3 tonnes of waste per tonne of ore. The report estimates the project’s after-tax net present value at over US$1.9 billion (at an 8% discount rate) with an internal rate of return of 82.4%. The initial capital cost is estimated at US$357 million. Variable costs include aver-

age operating costs of US$74.48 per tonne milled and US$540 per tonne concentrate (all concentrate production combined). To reflect current market conditions, the feasibility study used conservative spodumene concentrate prices, as well as capital and operating cost estimates (US$4,039 per tonne technical grade lithium

concentrate, US$1,852 per tonne chemical grade lithium concentrate, and US$130 per kg tantalum pentoxide). It is anticipated that construction of the mine will take about 21 months. The Rose property is currently accessible by road via the Route du Nord, usable all year round from Chibougamau, and is surrounded by existing mine operations and infrastructure. The project is located 80 km south of Newmont‘s Éléonore gold mine and 45 km northwest of Nemaska Lithium’s Whabouchi lithium project, and is 20 km south of Hydro Québec’s Eastmain 1 hydroelectricity generating plant. The entire property covers over 246 sq. km of land, geologically located at the northeast end of the Archean Lake Superior Province of the Canadian Shield. TNM

SPECIAL FOCUS

GLOBAL COPPER DONATAS1205/ADOBE

Salazar, Adventus earmark $270M for CuripambaEl Domo as part of investment protection agreement ECUADOR

| Preliminary agreement covers a period of 12 years

BY CECILIA JAMASMIE

anada’s Adventus Mining (TSX-V: ADZN) and Salazar Resources (TSX-V: SRL) have reached a preliminary investment protection agreement (IPA) with Ecuador’s government for their Curipamba-El Domo copper and gold project. As part of the deal, the partners have committed to investing US$270 million in the project over the next 12 years. The figure doesn’t include the US$50 million both miners had invested up to the end of 2021. In return, Adventus Mining and Salazar are asking the government for certain guarantees, such as the security of title and investment, reduced tax burdens on both income taxes and capital outflow taxes, and help with infrastructure development, among other items. “The IPA is another significant milestone in the development of the Curipamba-El Domo project,” Adventus president and CEO Christian Kargl-Simard said in the statement. “Adventus Mining and Salazar continue to transparently earn the support and cooperation of the national government of Ecuador, local government representatives and project communities to realize the project’s benefits for all stakeholders,” he noted. The news comes on the heels of the companies’ reception of the government’s environmental and social impact assessment approval. The technical endorsement paves the way for the citizen participation process, final environmental licence issuance and construction decision in the second half of the year, the miners said. Pre-construction work is expected to begin in the fourth quarter of this year and full-scale construction in the second quarter of 2023. Feasibility study A feasibility study released last year outlined an initial open pit operation with a mine life of 10 years. The study projected an initial price tag of US$248 million and a payback period of 2.6 years. The after-tax net present value (at an 8% discount rate) was pegged at US$259 million, and the internal rate of return at 32%. Average annual production of the open-pit mine is forecast at 10,463 tonnes copper and 21,390 tonnes copper equivalent at an all-in sustaining cost of US$1.26 per lb. copper-equivalent. Once built, Curipamba-El Domo will be the country’s third large-scale operating mine – recognized by Ecuador’s government as a critical economic driver. To date, the country’s only two producing assets are the Mirador copper mine, run by China-backed Ecuacorriente and Lundin Gold’s (TSX: LUG) Fruta del Norte gold mine. Locals will be employed during the construction and development phases of Curipamba-El Domo,

Above: The Curipamba project in Ecuador. SALAZAR RESOURCES Right: Employees examine drill core at the Curipamba project in Ecuador. SALAZAR RESOURCES

with nearly 400 permanent jobs created during operations. The project, located in Bolivar province, is also expected to bring US$376 million in taxes and royalties into the state’s coffers over the 10-year mine life outlined by the completed feasibility study on El Domo, which does not include the additional development of identified underground resources, the companies have said. Adventus and Salazar have a US$235.5-million financing deal in place for the project with Wheaton Precious Metals (TSX: WPM; NYSE: WPM) and Trafigura. They expect to make a construction decision later this year. Adventus holds 75% of Curipamba, with Salazar holding 25%. Under the earn-in agreement between the companies, Adventus will fund capital costs to production and receive 95% of the free cash flows until all of it recoups all investments it’s made since 2017. At press time, Adventus shares traded at 55¢ apiece within a 52-week range of 51¢ and $1.14. Salazar, which traded as high as 42¢ last October, was at a 52-week low of 20¢ in late June. Adventus has a market cap of $91.5 million, with Salazar at $31.3 million. TNM

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JUNE 27 — JULY 10, 2022 / THE NORTHERN MINER

SPECIAL FOCUS GLOBAL COPPER

WWW.NORTHERNMINER.COM

Antofagasta sees full-year production at bottom end on Los Pelambres issues CHILE

| Desalination plant, extension project to help boost future output

BY CECILIA JAMASMIE AND JACKSON CHEN

hilean miner Antofagasta (LSE: ANTO) said on June 15 that it expects full-year copper production to be at the bottom end of its previous guidance of 660-690,000 tonnes, following operational issues at its flagship Los Pelambres mine in the home country. The company had disclosed in early June a leak in a pipeline at the mine’s concentrator plant, which it only now can start tackling due to access restrictions in the area. Antofagasta said that some constraints remain, adding that they will prolong the time required to complete the necessary repairs. Normal operations are expected to resume by the end of June, said the miner, majority-owned by Chile’s Luksic family, one of the country’s wealthiest. “During the shutdown the processing plant has been operating at lower rates of throughput, with concentrates being stockpiled at the plant,” Antofagasta noted. “These will be transferred to the port between July and October using the spare capacity of the pipeline.” “Antofagasta’s 2022 was always expected to be a more difficult year given water constraints…Nevertheless, the leak’s impact is fairly minor (copper -1%, EBITDA -3%) and this remains somewhat of a transition year for the company, with the successful delivery of the Los Pelambres desal plant and Phase 1 expansion key to more stable and higher production going forward,” BMO analyst Alexander Pearce said in a note to investors. Copper companies across Chile have been forced in recent years

Workers at Los Pelambres in northern Chile. ANTOFAGASTA PLC

to find alternative means to feed water to their mines as drought and receding aquifers have hampered operations. Many have sharply reduced use of continental freshwater or turned to desalination plants. The country’s copper agency Cochilco estimates that mining’s use of seawater — either used directly or desalinated — will increase 167% by 2032, while freshwater use will decline 45%. By the end of that period, 68% of

ANTOFAGASTA IS CLOSE TO FINISHING A MUCH-NEEDED US$2.2-BILLION EXPANSION OF LOS PELAMBRES, WHICH WILL ADD 60,000 TONNES OF COPPER A YEAR TO PRODUCTION.

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Expansion Antofagasta is close to finishing a much-needed US$2.2-billion expansion of Los Pelambres, which will add 60,000 tonnes of copper a year over the first 15 years to the company’s overall production. The project includes boosting throughput at the plant from 175,000 tonnes of ore a day to an average of 190,000 tonnes a day. It also contemplates the construction of a desalination plant and water pipeline, which will benefit the existing operation in cases of prolonged or severe drought, such as the one currently hitting miners and wine makers alike. The facility could also be used for a potential further expansion, which may follow if Antofagasta can secure the required environmental and regulatory approvals.

pectors and Developers Association of Canada (PDAC) conference in Toronto in June, Antofagasta announced an inaugural resource estimate on its majority-held Encierro project in Chile. Located in the Chilean High Andes, 100 km east of the city of Vallenar and 600 km north of Santiago, the Encierro project hosts a complex Miocene porphyry copper system displaying hypogene mineralization with distinct sulphide and alteration zoning. Based on diamond drilling conducted between 2016 and 2021, the company has identified a significant deposit containing 522 million tonnes of inferred resources at 0.65% copper, 0.22 g/t gold and 74 ppm molybdenum. The Encierro project is held in a joint venture with Barrick Gold (TSX: ABX; NYSE: GOLD), with Antofagasta holding the majority share and acting as operator of the exploration program.

New resource for Encierro JV Meanwhile, during the 2022 Pros-

Cachorro resource update Based on results of further infill

water used by the industry will come from the ocean, the agency has said.

A haul truck at Antofagasta’s Los Pelambres copper mine in Chile. ANTOFAGASTA PLC

drilling, Antofagasta also updated the resource for its wholly owned Cachorro copper project in Chile. The deposit has increased to 155 million tonnes of inferred resources grading 1.2% copper, from the 142 million tonnes at 1.21% copper reported as of Dec. 31, 2021. The Cachorro project is located in the western Atacama Desert in northern Chile, 100 km northeast of the city of Antofagasta and 1,100 km north of Santiago. It lies between the company’s Antucoya and Centinela operations and may benefit from the use of their facilities. The deposit consists of manto-type sulphides, mostly chalcopyrite and bornite and some oxides. According to the company, Cachorro remains open laterally and additional drilling will be carried out during the rest of this year. TNM

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GLOBAL MINING NEWS

THE NORTHERN MINER / JUNE 27 — JULY 10, 2022

SPECIAL FOCUS GLOBAL COPPER

COPPER SNAPSHOT: EIGHT COMPANIES EXPLORING FOR THE RED METAL Osisko Metals’ Gaspé Copper site in Quebec. Osisko Metals

BY CARL A. WILLIAMS

Copper is essential for the global shift towards decarbonization. However, declining ore quality, mine closures, and the absence of additional investment in new copper supplies could lead to a significant shortfall over the coming decades. Below are eight companies exploring and developing new sources of the red metal.

ATEX RESOURCES Atex Resources (TSXV: ATX) is a Chilean-focused exploration and development company. The Vancouver-headquartered junior is focused on advancing its flagship Valeriano copper-gold porphyry deposit in the Atacama region of the country, approximately 125 km southeast of the city of Vallenar. The project hosts a large copper-gold porphyry

deposit overlain by a near-surface oxidized epithermal gold deposit. In May, Atex announced the completion of the second phase of its drill program at Valeriano with the final hole, ATXD-17, drilled to a depth of 2,057 metres. It said all drill holes had now been logged with assay results expected within the next couple of months. The drilling was designed to expand the footprint of the deposit

with two bracketed step-out diamond drill holes, ATXD-17 and ATXD-19, collared 200 metres on either side of hole VALDD13-14. That hole intersected 1,194 metres grading 0.52% copper, 0.24 gram gold per tonne, 1.02 grams silver per tonne, and 36.4 parts per million molybdenum (or 0.73% copper-equivalent), starting from 614 See COPPER SNAPSHOT / 10

JOINT VENTURE ARTICLE

US Copper aims to develop Moonlight-Superior in California into a major new source of copper BY NORTHERN MINER STAFF

Drill rig operating at the Moonlight-Superior copper project. US COPPER

Copper is pivotal to the global transition to a clean energy future. The red metal is an essential ingredient for the electric vehicles (EVs), energy storage systems, and renewable energy technologies underpinning this transition. However, declining ore quality, mine closures, and the absence of additional investment in new supply could lead to a shortfall of 16 million tonnes by 2040, according to global research and consultancy firm Wood Mackenzie. The challenge is to find new supplies of copper to support the electrification of transportation systems and energy networks, particularly for the U.S., which is currently a net importer of copper. “The world will need a lot more copper to support the move away from fossil fuels — and we are developing a potentially significant new resource,” says Steve Dunn, president and CEO of US Copper (TSXV: USCU; US-OTC: USCUF). The company is focused on advancing its Moonlight-Superior copper project to the production stage and “could be a major new source of copper to help meet the rising demand from the green technologies sector and the infrastructure needed to support it.” The 34-sq.-km property lies within the Lights Creek copper district of Plumas County in northeast California, approximately 140 km

northwest of Reno, Nev. The project hosts two past-producing underground mines, Superior and Engels, which produced over 161 million pounds of copper at a grade of 2.2% between 1915-1930. Moonlight-Superior “has had over 500 holes drilled on it, with past operators spending around US$50 million in today’s money on the property,” says Dunn. “A historical resource estimate by the previous owner, Placer Amex, estimated a 4 billion pound copper resource for the project, but we definitely have a lot more than that.” The property, he adds, also benefits greatly from existing infrastructure. “It can be accessed year-round by a paved road, which also connects it with State Highway 89, about 11 km to the southwest, a power line runs 3 km to the south,

and a rail line, 11 km to the southwest, connecting the project to a deep water port at Sacramento, about 240 km southwest. We also have a skilled workforce close at hand.” Copper mineralization at Moonlight-Superior comprises sulphide and oxide resources hosted in three advanced-stage deposits — Moonlight, Superior, and Engels — and several partially tested and untested exploration targets. A 2017 mineral resource estimate for the Moonlight deposit estimated 228 million indicated tonnes grading 0.25% copper for 576,696 tonnes contained copper and inferred resources of 99 million tonnes grading 0.24% copper for 242,218 tonnes of copper. According to Dunn, the estimate was based on drill results from a drilling campaign “that was still

intersecting mineralization at the bottom of the deposit when the drilling was stopped, suggesting there is more ore beneath the current Moonlight resource.” A preliminary economic assessment (PEA) for Moonlight in 2018 envisaged a mining operation with a 17-year mine life producing an average of 147,871 tonnes of copper concentrate per year for a life-of-mine production of 1.5 billion lb. of copper. The early-stage study pegged initial capital costs at US$513 million, with US$71 million budgeted for contingency. Using an 8% discount rate and copper price of US$3.15 per lb., the after-tax net present value is estimated at US$237 million with an after-tax internal rate of return of 16.4%. The capital outlay would be paid back in 4.8 years. The PEA “did not factor in the two other smaller, but higher grade deposits, Superior and Engels, which have similar mineralization to Moonlight, or numerous untested copper occurrences across the property,” says George Cole, a nonexecutive director with US Copper. Cole was previously vice-president of exploration of Cominco American until he retired in 2001. “Further exploration success at Moonlight and inclusion of the other deposits and untested mineral showings, could significantly enhance the size and economics of the project.” In addition, the oxide resources at Moonlight, he notes, were treated

as waste material in the PEA, with Placer Amex estimating a historic resource of 11.1 million tonnes of copper grading 0.54% for the project’s oxide cap. Cole says delineating an oxide resource for inclusion in the mine development plan “is also likely to boost the value of the project.” This year, US Copper plans to drill about 3,000 metres at the Engels deposit. The drilling will target an approximate 240 metres by 120 metres by 213 metres envelope of open-pit grade copper mineralization surrounding the historic underground Engels mine. The mineralization was initially identified in underground drill holes during the 1915-1930 mining operation, but was “too low-grade for an underground mine,” says Cole. However, he noted that more recent historical surface drilling encountered significant intervals of copper sulphide mineralization “that could be amenable to an open pit mining operation.” According to Dunn, the company currently has around $2 million in the treasury and “will be more than enough to the fund the proposed drill program, which we expect to start in the fall of this year.” The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by US COPPER and produced in cooperation with The Northern Miner. Visit www.uscoppercorp.com for more information.

JUNE 27 — JULY 10, 2022 / THE NORTHERN MINER

SPECIAL FOCUS GLOBAL COPPER

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Drilling at Atex Resources’ Valeriano copper-gold project, in Chile’s Atacama Region. ATEX RESOURCES

COPPER SNAPSHOT from 9

metres downhole. In 2020, Atex reported initial resources for both the oxide gold deposit and copper gold porphyry. The gold oxide epithermal deposit contains 34.4 million inferred tonnes grading 0.528 gram gold per tonne and 2.4 grams silver (0.561 gram gold-equivalent) for 584,884 oz. contained gold and 2.7 million oz. silver (621,539 oz. gold-equivalent). The resource measures approximately 650 metres by 500 metres in area and extends to an average depth of 100 metres below surface. The copper-gold porphyry deposit hosts inferred resources of 297.3 million tonnes grading 0.59% copper, 0.193 gram gold, and 0.9 gram silver (0.77 gram copper-equivalent per tonne) for 1.8 million tonnes contained copper, 1.8 million oz. gold, and 8.6 million oz. silver (2.3 million tonnes copper-equivalent). The deposit is open in all directions horizontally and to depth. Atex Resources has a market cap of $72 million. AZUCAR MINERALS Azucar Minerals (TSXV: AMZ; US-OTC: AXDDF) is focused on advancing its 100%-owned El

Cobre copper-gold project in Mexico’s Veracruz state, approximately 75 km northwest of the city of Veracruz. The 118.6-sq.-km property hosts copper-gold porphyry mineralization over at least 4 km of strike length. The mineralization occurs in several copper-gold porphyry zones — El Cobre, Norte, Villa Rica, El Porvenir, Suegro, and Encinal — that are defined by distinct copper-gold soil anomalies, discrete, positive magnetic features, and a large induced-polarization (IP) chargeability anomaly, the company said. In May, Azucar reported that it had completed drilling the first hole of an initial drill program on a large lithocap alteration and mineral vector target that both overlap a deep IP geophysical anomaly within an area of moderate magnetic response. The company says the target area is defined by geophysics, mineralogy, geochemistry, and past drilling campaigns that which have returned significant high-grade porphyry copper and gold assays from multiple zones that appear to mantle and surround this area in a roughly arcuate shape of high magnetic response. An initial resource estimate for Norte in September 2020 outlined

Processing facilities at Trigon Metals’ Kombat copper mine in Namibia. TRIGON METALS

47.2 million indicated tonnes grading 0.21% copper, 0.49 gram gold per tonne, and 1.4 grams silver (0.77 gram gold equivalent per tonne) for 221 million lb. contained copper, 748,000 oz. gold, 2 million oz. silver (1.2 million oz. hold equivalent). Inferred resources add 64 million tonnes grading 0.18% copper, 0.42 gram gold, and 1.3 grams silver (0.66 gram gold-equivalent) for 254 million lb. copper, 860,000 oz. gold, 2.8 million oz. silver (1.4 million oz. gold-equivalent). According to Azucar, Norte is amenable to an open pit mining method and has potential for resource expansion at depth within the zone as well as at other significant porphyry bodies identified across 5km strike length at the project. Azucar Minerals has a market cap of $5.9 million. CAVU ENERGY METALS CAVU Energy Metals (CSE: CAVU; US-OTC: CAVVF), formerly called CAVU Mining Corp., is engaged in the exploration and

development of minerals used in green technologies. The company has a portfolio of projects in B.C. and the Yukon. The Canadian junior’s focus is on exploring its Hopper copper-gold project in the Dawson Range copper-gold belt in southwestern Yukon. The project is a multi-target porphyry complex with peripheral skarn mineralization, approximately 120 km northwest of Whitehorse. The 74-sq.-km property contains the Hopper, Gal, and Guy claims in the Whitehorse mining district, which are 100%-owned by Strategic Metals (TSXV: SMD) and are subject to an option agreement for a 70% interest with CAVU. Mineralization on the project occurs within two main zones — Copper Castle and Hopkins North — that have the potential for expansion and the delineation of additional zones, says the company. Copper Castle (formerly referred to as Hopkins South and Hopper South) covers a 1.5-km by

800-metre area of skarn mineralization with at least 10 mineralized skarn horizons identified within a 425-metre elevation difference. Hopkins North covers a 2.3-km by 650-metre zone of porphyry copper style mineralization, primarily open to the south and east. In May, CAVU provided an update on its planned 5,000-metre 2022 diamond drill program that is targeting both new porphyry discovery potential and Copper Castle massive sulphide skarns. The company said that 580 metres have been drilled in two holes in Copper Castle skarn on the fringe of the porphyry system so far, with drilling of the third hole currently in progress. Jaap Verbaas, the company’s CEO, said in a May 24 press release that the drill program was off to a great start. “As part of the program, our VP Exploration, Dr. Luke Bickerton, re-assessed all unsampled historic core on site to further refine our porphyry tarSee COPPER SNAPSHOT / 11

GLOBAL MINING NEWS

THE NORTHERN MINER / JUNE 27 — JULY 10, 2022

SPECIAL FOCUS GLOBAL COPPER

Azucar Minerals’ El Cobre copper-gold property in Veracruz state, Mexico. AZUCAR MINERALS

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

COPPER SNAPSHOT from 10

gets,” he said. “Several drill intercepts were observed with vein-controlled molybdenite and chalcopyrite that were not sampled, near both the northern and southern porphyry targets. The type of alteration and mineralization in these intercepts are consistent with proximal porphyry centres,” he added. CAVU Energy Metals has a market cap of $7.8 million. FORAN MINING Foran Mining (TSXV: FOM; US-OTC: FMCXF) is a Canadian base and precious metals exploration and development company with a portfolio of eight properties encompassing over 1,400 sq. km within the Hanson Lake district of eastern Saskatchewan. The Saskatoon-headquartered junior is focused on advancing its 100%-owned McIlvenna Bay copper-zinc-gold-silver project in the east-central part of the province, approximately 65 km west of Flin Flon in Manitoba. Foran plans to develop McIl-

venna Bay into the world’s first carbon-neutral copper development project by purchasing carbon offsets to counterbalance emissions from 10 years of exploration work on the property. The offsets include funding for the Kariba forest protection project in Zimbabwe and the Newfoundland Climate and Ecosystems Conservancy project. The 209-sq.-km property hosts the largest undeveloped volcanogenic massive sulphide deposit in the region, says the company. At the end of May, Foran announced that it had received an initial permit for its advanced exploration decline program at the project that will allow it operate pollutant control facilities for water and waste rock. It says that water pumped out of the decline will be placed into a lined containment pond on-site and waste rock will be placed on the now-completed lined waste rock pad. As part of the advanced exploration decline program, the company has completed the box-cut, initial underground excavation, jet grouting of the sandstone layer from the surface, rock pad lining,

Examining drill core at Foran Mining’s McIlvenna Bay project in Saskatchewan. FORAN MINING

Drill core from Starr Peak’s NewMétal property in Quebec. STARR PEAK MINING

and roadways. It has also completed construction of the containment pond, the ore and waste pad, and the establishment of mine services infrastructure for ventilation, air, and water to support the decline development. In February, the company released a feasibility study on the expanded and re-scoped initial mine plan for McIlvenna Bay. The

study envisages a long-life mining operation with average annual production of 72.8 million lb. copper-equivalent over the first 15 years of the mine’s life. In 2021, a mineral resource estimate for McIlvenna Bay outlined 39.1 million indicated tonnes grading 1.2% copper, 2.16% zinc, 0.14% lead, 0.41 gram gold per tonne, and 14 grams silver (2.04% copper-equivalent) for 1 billion lb. con-

tained copper, 1.9 billion lb. zinc, 510,000 oz. gold, and 18.1 million oz. silver. Inferred resources add 5 million tonnes at 0.94% copper, 2.56% zinc, 0.17% lead, 0.27 gram gold, and 16 grams silver (1.77% copper-equivalent) for 105 million lb. copper, 284 million lb. zinc, 40,000 oz. gold, and 2.6 million oz. silver. See COPPER SNAPSHOT / 12

JUNE 27 — JULY 10, 2022 / THE NORTHERN MINER

COPPER SNAPSHOT from 11

occurrence below the Deep zone.” “The Deep zone is drilled down to approximately 1,000 metres vertical depth. The past producing Normetal mine, located 900 m east of the Normetmar zone, was continuous down to a vertical depth of 2,400 metres. An existing hole will be drilled down several hundred more metres below the Deep zone. BHEM (Bore Hole EM) surveys will be done within the extended deep hole in search of massive sulphide mineralization near the hole, followed by drill testing of priority EM targets,” he added. Starr Peak Mining has a market cap of $49.7 million.

Foran Mining has a market cap of $565 million. MAX RESOURCES Max Resources (TSXV: MAX; US-OTC: MXROF) is a copper and precious metals exploration company focused on advancing its 100%-owned district-scale Cesar copper-silver project in northeastern Colombia. The property lies along the northern portion of the Andean belt, the world’s largest producing copper belt, and covers over 170 sq. km of mining concessions, about 140 km north of the capital, Bogota. In April, the company reported preliminary assays and the discovery of a new high-grade drill target at Uru. Discovered in 2021, Uru covers over 70 sq. km of mining concessions along the southern portion of Cesar. Max says that reconnaissance rock channel sampling targeted three levels of a subvertical mineralized structure at the target. Highlights from channel sampling of the lower two levels returned 16.8 metres grading 8.3% copper and 146 grams silver per tonne; and 7 metres grading 8.5% copper and 143 grams silver. However, the company said that the upper level, due to limited outcrop on a ridgeline, allowed for a total of 24 chip channel samples to be collected over 48 metres, which returned an average value of 5.3% copper and 44 grams silver per tonne. Drilling at the property is now focused on both strike and vertical extensions upwards from the uppermost samples collected to date, says Max, with an upcoming IP survey exploring the depth potential of this zone, along with the strike extent in areas with little outcrop. The team is also looking to define orientation, continuity and grade, throughout the topography, on strike and at depth. The company also has the rights to acquire 100% of the RT gold project in Peru, approximately 760 km northwest of Lima. Max Resources has a market cap of $105.8 million.

OSISKO METALS Osisko Metals (TSXV: OM; US-OTC: OMZNF) is advancing two past-producing brownfield assets — the Gaspé copper mine in Quebec and the Pine Point mining camp in the Northwest Territories. The Montreal-headquartered junior’s current focus is on the historic Gaspé mine, located next to the community of Murdochville on the Gaspé Peninsula in eastern Quebec, approximately 825 km east of Montreal. According to Osisko, Gaspé is one of the largest copper development assets in eastern North America. In late April, just one month after it optioned the project from Glencore Canada, Osisko released an initial resource estimate for the Mount Copper deposit at Gaspé. The deposit contains 456 million inferred tonnes at a total grade of 0.351% copper, which includes sulphide copper grading 0.31% copper, for 3.1 billion lb. contained copper (based on sulphide copper only). Osisko says the resource is pit-constrained to mineralization surrounding the past-producing Mount Copper open pit mine, and was estimated using historical drilling completed between the 1960s and 2019. “This is the first step for our comprehensive strategy at Gaspé Copper to fully evaluate all potential for economic copper deposits remaining within this past-pro-

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TRIGON METALS Trigon Metals (TSXV: TM) is engaged in copper production and exploration, and holds a portfolio of assets in Africa, including the past-producing Kombat mine in Namibia and the Silver Hill copper-silver exploration-stage project in Morocco. The Canadian junior’s focus is on its flagship Kombat mine in the Grootfontein district of the Otjozondjupa region, between the towns of Otavi to the west and Grootfontein to the east. The mine was historically one of the most significant copper mines in Namibia, producing 12.5 million tonnes of ore grading 2.62% copper, 1.55% lead, and 18 grams silver per tonne between 1962 and 2008. In February, 14 years after mining was suspended, Trigon successfully restarted copper and silver concentrate production from the mine, shipping 31 dry tonnes of concentrate grading 20.41% copper and 265 grams silver per tonne from the mine to warehouses in Walvis Bay, Namibia. The company said the shipment is the first of 400 tonnes of concentrate now produced and stockpiled at the mine, with planned production increasing to 14,000 tonnes in 2024, when higher grade underground ore will start to be recovered. An updated resource estimate for Kombat in August 2021 outlined combined open pit and underground resources of 12.2

A drill rig at Max Resources’ Cesar copper-silver project in northeastern Colombia. ATEX RESOURCES

Drill core from CAVU Energy Metals’ Hopper copper-gold project in the Yukon. CAVU ENERGY METALS

ducing porphyry copper/skarn complex,” Robert Wares, the company’s CEO, said in an Apr. 28 press release. “We strongly believe this largescale asset could become a core component of Quebec’s critical mineral development strategy,” he added. Gaspé includes a past-producing mine that operated from 1955 to 1999, producing 150 million tonnes of the red metal at a grade of 0.86% copper. Osisko, which signed an option agreement with Glencore Canada to acquire the property on Mar. 25, believes there is a strong economic case for reopening the project. Osisko’s agreement with Glencore provides it with an option to acquire a 100% interest in the project for an upfront payment of US$25 million, to be paid by way of a convertible note issued to Glencore, and a cash payment of US$20 million when commercial production begins. Osisko also needs to spend $5 million on drilling before June 30.

An ongoing 30,000-metre drill program on the property comprises two phases: the first (10,000 metres) is primarily designed to evaluate the extent of near-surface oxide mineralization. The second (20,000 metres) is for infill drilling to update the currently modelled in-pit resource. In addition to the drilling, the company is also launching a preliminary economic assessment on the Mount Copper expansion project. Osisko Metals has a market cap of $82.8 million. STARR PEAK MINING Canadian explorer Starr Peak Mining (TSXV: STE; US-OTC: STRPF) is focused on advancing its 100%-owned NewMetal polymetallic project in the Abitibi Greenstone belt of Quebec, immediately adjacent to the town of Normetal and about 140 km northwest of Val-d’Or. The company acquired the site in June 2019, including the historic Normetal mine, which operated periodically from the 1920s to 1975. About 10 million tonnes of ore grading 2.15% copper, 5.12% zinc, 0.549 gram gold per tonne,

and 45.25 grams silver were mined during that time. In August 2020, Starr Peak expanded the NewMetal property by acquiring a 100% interest in the Normetal-Normetmar goldcopper-zinc-silver property, the Rousseau gold property, and the Turgeon Lake gold property. In May, the company released drill results from ongoing drilling targeting the Normetmar Deep zone, located directly below the Normetmar high-grade zinc deposit. Highlights from the drilling include hole STE-21-92-WE, which intersected 5.9 metres grading 0.1% zinc, 2.31% copper, 0.86 gram gold per tonne, and 24.94 grams silver per tonne (9.49% zinc-equivalent) starting from 1,040.9 metres downhole, including a higher-grade core of 3.1 metres at 0.1% zinc, 4.17% copper, 1.61 grams gold per tonne, and 45.2 grams silver (17.17% zinc-equivalent). Commenting in a May 26 press release, Johnathan More, Starr Peak’s CEO said, “One additional hole is being drilled from this wedge series, following which we plan to test the Normetmar zone

million indicated tonnes grading 1.94% copper, 0.7% lead, and 13.67 grams silver per tonne, and 1.9 million inferred tonnes grading 2.19% copper, 1.79% lead, and 6.13 grams silver. In December, a feasibility study for the project envisaged a fiveyear mining operation producing 1.5 million tonnes of ore at an average grade of 1.14% copper and 7.59 grams silver per tonne over the mine’s life. Total capital costs were estimated at US$11.9 million, including US$910,000 budgeted for contingencies, over the life of the mine. Mineralization at the site occurs over a 30-km strike length. Recent drill results, the company says, indicate additional potential for the project with the delineation of a new area of mineralization, referred to as the Central Pit southwest extension, adjacent to the Kombat Central Pit. Highlights from the drilling include C1DDT3-03, which returned 17 metres grading 4.4% copper from 43 metres and 3 metres grading 10.1% copper from 85 metres. Trigon Metals has a market cap of $37.3 million. TNM

An aerial view of Rio Tinto’s Diavik mine. RIO TINTO

NWT looks to fill economic void that diamond mine closures will bring PDAC 2022

BY BLAIR MCBRIDE

he planned closure of three producing diamond mines in the Northwest Territories in the next few years will open a gap in the territorial economy, but the N.W.T.’s industry minister says she’s confident several ongoing initiatives could fill the economic hole. The Ekati mine, operated by Arctic Canadian Diamond, is expected to close as soon as 2024. Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO)’s Diavik mine, located 30 km southeast of Ekati, is due to close in 2025. And De Beers’ Gahcho Kué mine is slated to run until 2028. The mines — which are hundreds of kilometres northeast of Yellowknife and accessible only by winter road — comprise more than 29% of the territorial GDP, according to a joint report issued by De Beers and Rio Tinto in January. Diavik alone employs more than 1,000 workers and contractors, a workforce that wouldn’t be matched even if the Nechalacho, NICO, Prairie Creek and Pine Point projects become fully producing mines, the NWT and Nunavut Chamber of Mines noted in April. But Caroline Wawzonek, Minister of Industry, Tourism and Investment told The Northern Miner in an interview at the Prospectors and Developers Association of Canada (PDAC) conference in Toronto on Tuesday that the territorial government is looking to diversify the economy and grow the mineral resources industry. “That’s foundationally what needs to happen,” she said. Diamond exploration On the diamonds front, Wawzonek said there is “good news”

| Territorial government sees need to diversify economy, says Industry minister

‘[WITH] EXPLORATION HAPPENING AROUND GAHCHO KUÉ WITH MOUNTAIN PROVINCE DIAMONDS’ KENNADY [NORTH] PROJECT [AND] ARCTIC STAR. THEY ARE FINDING KIMBERLITES, THEY’RE OUT EXPLORING.’ CAROLINE WAWZONEK NORTHWEST TERRITORIES’ MINISTER OF INDUSTRY, TOURISM AND INVESTMENT

from exploration work in the region of the existing mines. “[With] exploration happening around Gahcho Kué with Mountain Province Diamonds’ Kennady [North] project [and] Arctic Star. They are finding kimberlites, they’re out exploring,” she said. Arctic Star Exploration (TSXV: ADD), which holds in partnership with Margaret Lake Diamonds (TSXV: DIA) the Diagras property southeast of Diavik, in the Lac de Gras kimberlite field, announced the discovery of a new kimberlite at the project in June. The Arbutus kimberlite appears to be about 200 metres long and 25 metres wide. The company completed nine holes and 1,098 metres as part of its spring 2022 drill program, six aimed at further delineating the previously discovered

Sequioa kimberlite complex and three drilled new targets. Mountain Province Diamonds (TSX: MPVD; OTC: MPVD), which holds a 49% interest in Gahcho Kué and 100% of the adjacent Kennady North exploration project, began a 6,000-metre drill program earlier this year at Kennady North to test for new kimberlites. In May, the company announced it had intersected kimberlite in 16 of 20 holes drilled, in three of four target areas tested. Summer exploration at Kennady North is scheduled to start in the third quarter. Wawzonek also said that if positive results continue to come back from exploration work, “there’s not an unreasonable chance that there could see an extension” of some diamond mines. Arctic Canadian Diamond, for its part, has indicated that possibility and in February announced that it had awarded a contract to IHC Mining to build an underwater remote mining (URM) system to extract diamond-bearing kimberlite from deep open pits at Ekati. The system comprises a floating platform, an underwater mining crawler device and a land-based dewatering plant. The URM project could allow Ekati to extend the mine life by at least 10 years, Arctic said, with the system reducing the mine’s environmental footprint by generating minimal waste. It is due to be tested this summer at Ekati’s mined-out Lynx open pit, followed by more testing in the summers of 2023 and 2024, including a trial mining launch targeting about 150,000 tonnes of kimberlite ore. Good as gold Wawzonek also touched on the

potential for gold — the traditional mainstay of mining in the Yellowknife area — to contribute economically after diamond mining winds down. “With all the focus on critical minerals and metals, folks aren’t talking about that,” she said. “But there’s a lot of gold work happening back in the North, both on the projects that were in existence previously, but also in new areas. I’ve heard a lot of excitement on that in the last few months.” Speaking generally, the industry minister referred to gold exploration projects around Yellowknife and in the Tlicho lands area, north and northeast of the city. She specifically cited Nighthawk Gold (TSX: NHK; US-OTC: MIMZF), which holds a property of more than 930 sq. km within the Indin Lake Greenstone Belt, about

200 km north of Yellowknife. The project consists of several deposits in the Colomac Centre area, which includes the historic open pit Colomac Main gold mine that produced 527,908 oz. gold, plus several higher-grade satellite deposits. In March, the company reported an updated resource estimate that increased open pit indicated resources at the property by 121% to 2.1 million oz. of gold in 46.4 million tonnes averaging 1.38 grams gold per tonne. Open pit inferred resources rose by 1,400% to 601,000 oz. gold in 7.8 million tonnes grading 2.39 grams gold. Nighthawk began the first phase of a two-year, 100,000-metre drilling program in May that will include expansion drilling at the Colomac Centre and Kim and Cass deposits. TNM

Exploration focused on discovering North America’s next diamond district Brooke Clements President and CEO

Robert Lucas

Vice President, Exploration North Vancouver, BC 604-984-1245 brooke.clements@telus.net

JUNE 27 — JULY 10, 2022 / THE NORTHERN MINER

Alrosa nixes dividend as economic sanctions bite DIAMONDS

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DIAMONDS

| Decision comes despite profits almost tripling in 2021

Gem Diamonds unearths three 100-carat stones in less than a month LESOTHO

| Latest find is also the largest at 245 carats

Gem Diamonds’ Letseng mine is located in the north of the landlocked southern African kingdom of Lesotho. GEM DIAMONDS

Alrosa’s Udachnaya diamond mine in Russia. STEPANOVAS /WIKIMEDIA COMMONS CC 3.0

BY HENRY LAZENBY

he board of Russian diamond major Alrosa (MCX: ALRS) has suggested shareholders vote to receive no dividend for 2021 during the upcoming general meeting. Alrosa reported a net profit of 91.3 billion rubles ($1.8 billion) in 2021, nearly triple the 32.2 billion rubles ($662.8 million) profit in 2020. Dividends for the first half of 2021 amounted to 64.7 billion rubles ($1.3 billion), topping 70% of the company’s net profit in 2021. The final dividend in 2020 amounted to 70.3 billion rubles ($1.4 billion). The company is subject to stinging economic sanctions levied by the West against Russia for its war in Ukraine. On Apr. 7, 2022, the U.S. Treasury Department announced blocking sanctions against state-owned Alrosa, the world’s largest diamond mining company. While already subject to Directive 3 dealing with financing debt and new equities, Alrosa accounts for about 28% of global diamond mining. Under General License 9C, transactions ordinarily incident and necessary to dealings in debt and equity of Alrosa (or any entity in which it owns a 50% interest, directly or indirectly) issued before Apr. 7 are authorized until July 1. General License No. 21A permits had a wind-down period for U.S. persons having business with Alrosa until June 3. A day following the sanctions, Alrosa suspended its membership in the Natural Diamond Council, a market alliance of the world’s leading producers of precious stones. It had also decided to step down from its position as vice-chair of the Responsible Jewellery Council, a global business standard-setting organization for

the jewellery and watch industry. Shareholders of record on June 6 will be eligible to vote on the proposal during Alrosa’s annual general meeting, scheduled for June 30. Meanwhile, De Beers, the world’s top diamond producer by value, has once again increased the price of its smaller stones as sanctions on Alrosa have worsened a global shortage caused by two years of Covid-19related shutdowns. The Anglo American (LSE: AAL) unit had hiked prices by about 8% at its first sale this year, with the sharpest increases of up to 20% affecting small-scale roughs as demand reached pre-pandemic levels. Anglo American reported record financial results for 2021. “Copper and PGMs — essential to the global decarbonization imperative — and premium quality iron ore for greener steelmaking, supported by an improving market for diamonds, all contributed to a record financial performance,” said Anglo American chief executive Mark Cutifani during its full-year 2021 results reporting in February. The company plans to pay a final 2021 dividend of US$1.18 per share, as well as a special dividend of US$0.50 per share, bringing its total return to shareholders to US$6.2 billion (including a share buyback). TNM

BY CECILIA JAMASMIE

em Diamonds (LSE: GEMD) announced on June 13 the recovery of an exceptional quality 245-carat white Type II diamond from the Letseng mine in Lesotho on June 11. Following the recovery of a 129-carat diamond on May 23, and a 125-carat diamond on May 31, the 245-carat stone represents the third diamond of over 100 carats recovered from the Letseng mine within three weeks. The company recovered a number of large, high-quality stones in 2020, but has seen output of those diamonds become less frequent over the past year. In 2021, Gem Diamonds found only six diamonds over 100 carats at Letseng. This compares to 16 rocks of more than 100 carats discovered in 2020. The news comes as prices for small diamonds have jumped about 20% since the start of March, as cutters, polishers and traders struggle to source stones outside of Russia. State-owned Alrosa (MCX: ALRS), the world’s top diamond producer by output, was hit with U.S. sanctions following Moscow’s invasion of Ukraine. In the first quarter of 2022, Gem Diamonds produced 28,430 carats at Letseng, and sold 28,461 carats — 6% higher than its sales in the same quarter of 2021 — generating revenue of US$52.1 million. The achieved average price per carat (US$1,831) was up

An exceptional 245-carat white Type II diamond recovered at Letseng in June 11. GEM DIAMONDS

12% from the year-earlier period. Its highest price achieved in the period was US$66,059 per carat for an 8.41-carat pink diamond. Since acquiring Letseng in 2006, Gem Diamonds has found more than 60 white gem quality diamonds of over 100 carats each. At an average elevation of 3,100 metres above sea level, Letseng is also one of the world’s highest diamond mines. Last year, the company announced plans to sell its Ghaghoo diamond mine in Botswana, on care and maintenance since 2017, to Okwa Diamonds — a joint venture between AIM-listed Vast Resources and Botswana Diamonds. However, Vast pulled out of the US$4-million deal in February. Botswana Diamonds has so far been unable to find an alternative funding partner, and the sale agreement expired in May. Gem says Botswana Diamonds will continue to search for funding TNM

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GLOBAL MINING NEWS

THE NORTHERN MINER / JUNE 27 — JULY 10, 2022

DIAMONDS

Fort à la Corne JV sampling confirms abundance of Type IIa diamond at Star kimberlite SASKATCHEWAN

| Find ‘greatly increases’ potential to recover 100+ carat stones

BY JACKSON CHEN

tar Diamond (TSX: DIAM) has completed a study into the abundance of Type IIa diamonds in the trench cutter diamond parcels recovered from the Early Joli Fou (EJF) geological units at the Star kimberlite, the company announced on May 31. Star is located within the Fort à la Corne diamond district of central Saskatchewan, on mineral dispositions held in a joint venture with Rio Tinto Exploration Canada (NYSE: RIO; LSE: RIO; ASX: RIO). Rio Tinto holds a majority stake in the project, located 60 km east of Prince Albert. In December 2021, the two companies settled a legal battle over their earn-in agreement on the diamond project, which was originally signed in 2017. Star Diamond currently holds a 25% interest in certain Fort à la Corne kimberlites (including the StarOrion South diamond project). During 2019, Rio Tinto completed the drilling of 10 bulk sample holes (trenches) on the Star kimberlite using a trench cutter sampling rig. A significant number of diamonds from the EJF geological units were analyzed, containing a spectrum of diamond sizes from 0.18 carats through all the large stones, up to diamonds of over 15 carats. The study conducted by Star Diamond confirmed that unusually high proportions of Type IIa diamonds are present in the kimberlite. Of particular note is the exceptionally high proportion of Type IIa diamonds in the larger size fractions of the EJF, of which 53% (eight of the 15) of the largest stones — four carats and above — are Type IIa. Nine of the 12 highest-value stones from the EJF trench cutter samples (three carats and above) are Type IIa. The largest Type IIa diamond identified is a 16.96-carat stone. “The presence of a significant proportion of Type IIa diamonds recovered in the Star kimberlite by the trench cutter greatly increases the potential for the recovery of large (plus 100 carat), high-value diamonds from a future mine,” George Read, senior technical advisor to Star Diamond, stated in a news release. The analysis also reinforced and expanded on the earlier studies conducted by Star Diamond of Type IIa diamonds at Star (26.5%, 0.32 carat and above), as well as other kimberlites within the Fort à la Corne district. A recent study on the Orion North and Taurus kimberlites also yielded high proportions of Type IIa diamonds. Star Diamond notes that Type IIa diamonds are very rare and account for less than 2% of all natural rough diamonds mined from kimberlites. Many highvalue, top colour, large specials (greater than 10.8 carats) are Type IIa diamonds, which include all 10 of the largest known rough diamonds recovered worldwide. Only a small number of active diamond mines regularly produce Type IIa diamonds with the most important of these mines being Letseng-la-Terae (Letseng mine) in Lesotho, and more recently Karowe in Botswana, it said. A 2018 preliminary economic assessment estimated 66 million carats could be recovered from the Star-orion project over a 38-year period, generating $3.3 billion in revenue. TNM

Rio Tinto completed a bulk sample at the Star kimberlite in 2019. RIO TINTO

High value stones from the Star-Orion project. STAR DIAMOND

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JUNE 27 — JULY 10, 2022 / THE NORTHERN MINER

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Crushers in operation at Vital Metals’ Nechalacho rare earths project in the Northwest Territories. VITAL METALS/BILL BRADEN

Nouveau Monde Graphite’s Matawinie graphite property in Saint-Michel-des-Saints, 150 km north of Montréal, Que. NOUVEAU MONDE GRAPHITE

Miners must invest in critical minerals or risk falling behind in energy transition REPORT

| PwC review notes that Canada’s resource riches, government strategy, poise country for success

BY CECILIA JAMASMIE

he world’s biggest miners need to aggressively invest in critical metals or will hold back the global energy transition away from fossil fuels, a new report shows. According to PwC’s 19th annual review of the top 40 mining companies, which examines global trends in the industry, future success will depend on whether global miners can take a leading role in the world’s clean energy transition and continue to generate significant stakeholder value. The resources are there, the report shows. Top miners posted stellar financial results for 2021, with revenues rising by 32% on the back of high commodity prices and prudent cost management. Their combined net profit reached US$159 billion last year, a staggering 127% increase from the US$70 billion they recorded in 2020. Paul Bendall, global mining leader at PwC, warns it’s unclear how long this record run will continue, given the unprecedented change the industry is facing. “Demand for critical minerals continues to surge, operating environments are getting more challenging and new players are emerging,” he says. Figures from the International Energy Agency suggest that annual critical minerals demand from clean energy technologies will reach more than US$400 billion by 2050.

A telling figure that proves the point: Market capitalizations for critical minerals miners outperformed the average reached by the Top 40 by between 49% and 147%. “Companies need to position themselves to meet the growing demands for critical minerals, evolving customer expectations and the need to innovate to deliver higher value across the entire supply chain,” Bendall says. To do that, PwC notes that sector players must overcome obstacles including development timelines, price volatility, geopolitical risks, stakeholder expectations, economies of scale and economic resource scarcity. The review highlights four areas top miners should be focusing on, including evaluating their exposure to critical minerals, identifying opportunities to own more of the supply chain, deploying capital to meet net-zero emissions needs and strengthening stakeholders’ trust. Canada’s potential Canada could become a world leader in the energy transition given its vast resources, skilled workforce, high standards on environmental, social and governance (ESG) matters and proximity to markets that need its critical minerals. The country is rich in lithium, graphite, nickel, cobalt, aluminum and manganese, key ingredients for advanced battery manufacturing and storage technology. Some of these commodities, par-

ticularly copper, lithium and cobalt are already experiencing supply constraints. This, PwC warns, may have major implications for the cost and pace of the global uptake and installation of energy transition technologies. Ottawa has taken some steps to secure domestic supply of critical minerals and metals, earmarking $3.8 billion in the recent federal budget for this purpose. Few countries are as vast and mineral-rich as Canada, so critical

excel, Schulich and Lassonde were extremely different people. “He’s sort of like a cowboy, I am like French; I would come in with an idea and say, ‘I have seen something and it’s white.’ He would say, ‘it’s black.’” But “the genius came” when the duo refined their ideas to a point when they were beneficial to them and to the company, Lassonde said. Green transition Talking about the future of the sector, Lassonde believes it will be a while before the world can truly transition away from oil and gas. “That little cubic centimeter of oil is the most powerful energy intensive unit cubic we have today,” he said.” And until we come up with something better than that, we are not going to move away… it’s that simple.” he said. He is, however, hopeful that by 2070 the world will depend upon electricity for 75% of its energy use, up from 25% today. And that’s why he believes that finding cop-

per-gold deposits is going to be the next big thing. “When you look at the ‘greenification’ of the world, it’s all about electricity… and that’s where we’re going to need a lot of copper. And it doesn’t exist, we haven’t found it, the mines are not in production,” he said. “In terms of the next 20 to 40 years, copper and gold are going to be the place to be.” While the increase in demand for electric vehicles (EV) has pushed prices of battery metals upward, Lassonde doesn’t expect the “billions of cars on the road right now” to switch immediately to EVs and so he has doubts about investing in lithium metal royalties. “The fundamental question that we have is, how far is the lithium battery going to get us? Because as it is, right now, it’s not good enough. If you own an electric car and you try to go to your cottage round trip, you can’t do it. You’re going to suffer from range anxiety,” he said. “But we like copper, because no matter what, that’s part of the green revolution.” TNM

and B.C. have the potential to produce lithium extracted from oilfield brines. As for Canada’s north, the Northwest Territories have “pretty well everything, if you can get access to it,” Pierre Gratton, president and CEO of the Mining Association of Canada, noted in May, when commenting on the Critical Minerals Strategy of Justin Trudeau’s government. “There isn’t really a place in Canada that can’t be part of this strategy.” TNM

Investment bankers share their perspectives at PDAC on June 13. ALISHA HIYATE

BANKERS from 1

LASSONDE from 1

mineral mining opportunities are significant. British Columbia is the nation’s largest copper producer, the only producer of molybdenum, and though it doesn’t have operating nickel mines, there are two nickel projects in the early exploration and development stage. Ontario, Quebec and Newfoundland have significant nickel and cobalt deposits, Saskatchewan has the largest high-grade uranium resources in the world, and Alberta

“What we’re seeing now, I think, is increasing awareness of the fact that the supply side — i.e., the miners, that provide these materials — is exceptionally constrained,” he said. ”So where’s all this material going to come from? “I personally hope, especially with Canada at the epicentre of resource wealth and near the biggest auto market in the world, that we’re actually going to see an uptick in risk capital for the mining space as people start to try to get ahead of what is in any model a looming shortage on supply of these metals,” Latinovich said. In that vein, the panellists also discussed what it will take to get investment flowing back into the mining space. CIBC’s Gratias noted that at the end of the last cycle, which ended in 2012, there were a lot of specialty mining funds that played a major role in capital formation supporting the sector. “Fast forward to today — there are half as many specially running funds, with one quarter of the capital,” he said. While Gratias believes that money will come back, he said that we’re starting from a smaller base than in previous cycles.

“For money to return to the space, we need to see generalist investors re-weight to the space and I think we would all say that across the globe, generalist investors are underweight the mining sector,” he said. “If you’re a generalist investor and everything else is working well — as we’ve seen for the last five or six years in the equity markets... why change something that’s working?” Ilan Bahar, co-head of BMO Capital Markets’ global metals and mining group agreed: “It’s been much too easy to make money elsewhere. “Any extractive industry has its risks,” he said. “In addition to commodity price risk, inflationary risks have now come to the fore.” While the panel was not optimistic about inflows of capital returning to mining in the near-term, defined as roughly 12 months, they were bullish over the medium to long-term. M&A & the Aussies The panel also discussed the strong and notable trend that has emerged in the past three to four years of Australian companies acquiring assets in Canada. “I actually think we would have seen more if it weren’t for Covid.

The Aussies were extremely active and then it became very hard for them to travel and do diligence,” said Bahar, who noted that judging by the smiles on peoples’ faces in the session when the topic came up, “I think the Aussies are here in the room.” He pointed to a couple of reasons for the trend, which he believes is going to continue. “There’s clearly better momentum in their capital markets around mining. It’s easier to raise capital, in some cases the multiples are stronger. There has been, broadly speaking, greater institutional investor support for M&A,” Bahar said. In the Canadian markets, on the other hand, there’s often been some criticism around M&A, and therefore less support for deals. The other reason, he said, is specialized expertise. “Some of the companies have a real core competency, something that makes them special and different, and if they apply their managerial style [in, for example,] underground mining, a skill set that’s been developed over decades, they can bring [that] here and achieve a better outcome, and that’s been supporting their base strategy.” TNM

e h

GLOBAL MINING NEWS

THE NORTHERN MINER / JUNE 27 — JULY 10, 2022

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MARKET NEWS TORONTO STOCK EXCHANGE / JUNE 13 – 17, 2022 Growing fears of a recession and an aggressive 75-basis point hike by the U.S. Federal Reserve had markets reeling over the June 13-17 trading period. The S&P/TSX Composite Index dove 1,344.34 points or 7.1% to 18,930.48; the S&P/TSX Global Mining Index tumbled 8.76 points or 8.5% to 103.48; and the S&P/TSX Global Base Metals Index fell 19.59 points or 11.5% to 169.48. The S&P/ TSX Global Gold Index fell 15.18 points or 5.2% to 288.56, while spot gold strengthened slightly, ending the week up 0.6%, or US$11.50 per oz. higher, at US$1,841.50 per ounce. Shares of UEX Corp. rose by 19.3% to 34¢ as U.S.-based Uranium Energy Corp. announced it would acquire the company in a friendly, all-share deal. Each common share of UEX will be exchanged for 0.0831 of a share is UEC. The share exchange ratio implies a value of about 43¢ per UEX Share, which is a premium of about 50% based on the closing price of its shares on the Toronto Stock Exchange on June 10. The deal is expected to close in August. At closing, existing UEC and UEX shareholders will respectively own 86.3% and 13.7%, of UEC’s shares. “UEX shareholders will gain substantial exposure to production-ready low-cost U.S. ISR (in situ recovery) mining assets, a substantial physical uranium portfolio, a strong balance sheet

and access to capital,” said Roger Lemaitre, CEO of UEX in a press release. UEX holds exploration projects in Saskatchewan’s Athabasca Basin, including several JVs with major uranium producers. Shares of Mandalay Resources rose 10.8% to $3.49 after the company reported drill results from the Robinson project at its Costerfield operation in Victoria, Australia on June 9. Highlights from the drill results included 0.17 metre (true width of 0.15 metre) grading 1,780 grams gold per tonne starting at 125.1 metres in hole RB007; and 0.4 metre (true width of 0.24 metre) grading 13.1 grams gold, starting from 122.2 metres in hole RB004. In a press release reporting the “extraordinary result,” Dominic Duffy, the company’s CEO said: “The high-grade TSX MOST ACTIVE ISSUES VOLUME

Suncor Energy Barrick Gold UEX Corp Kinross Gold Argonaut Gold B2Gold Corp First Quantum Lundin Mng Teck Res Denison Mines

SU ABX UEX K AR BTO FM LUN TECK.B DML

(OOOs)

HIGH

68769 37183 32365 28528 27084 20791 16322 14247 13587 13457

52.29 26.45 0.37 5.75 1.05 5.17 32.98 10.42 52.69 1.47

WEEK LOW

CLOSE CHANGE

44.22 44.72 24.75 25.49 0.33 0.34 5.13 5.37 0.88 0.90 4.68 4.78 27.02 28.74 9.22 9.40 46.44 47.50 1.26 1.33

+ -

8.06 1.40 0.06 0.41 0.20 0.54 5.51 1.35 6.51 0.21

results look to be related to the historic Robinson mine which… produced high-grade gold ore during the 1880s.” Shares of TRX Gold Corp. (formerly Tanzanian Gold) increased by 10.6% to 52¢ after the company announced its preliminary third-quarter production of 2,733 oz. gold at its Buckreef project in Tanzania. The figure exceeded its production guidance of 750 to 800 oz. gold per month. It also announced TSX GREATEST PERCENTAGE CHANGE VOLUME (OOOs)

UEX Corp Mandalay Res Tanzanian Gold Lucara Diam Americas Silvr Century Global St Augustine Sabina Gd&Slvr New Pac Metals Gold Std Vents Gold Mountain Laramide Res Forsys Metals Karnalyte Res Nexgen Energy Orla Mining Fission Uran Copper Mtn Mng Novo Res Solaris Res

UEX MND TNX LUC USA CNT SAU SBB NUAG GSV GMTN LAM FSY KRN NXE OLA FCU CMMC NVO SLS

sales of 3,033 oz. The company is looking to expand its current 360 tonnes per day processing plant at Buckreef to 1,000 tonnes per day. Buckreef is situated about 45 km west of Barrick Gold’s Bulyanhulu gold mine and 35 km south from AngloGold Ashanti’s Geita mine. The project hosts measured and indicated resources totalling 35.9 million tonnes grading 1.77 grams gold per tonne for 2 million ounces. TNM TSX GREATEST VALUE CHANGE

WEEK

HIGH

VOLUME

LOW CLOSE CHANGE

32365 0.37 124 3.49 282 0.53 1792 0.74 1583 1.01 12 0.14 544 0.07 10234 1.24 793 4.52 3329 0.57 1118 0.66 2174 0.57 894 0.62 152 0.55 9626 5.70 3480 5.15 8138 0.75 6126 2.44 3433 0.71 1065 11.06

0.33 2.78 0.44 0.63 0.87 0.00 0.06 1.06 4.04 0.50 0.48 0.44 0.49 0.41 4.57 4.34 0.61 1.95 0.45 9.08

0.34 + 19.3 3.49 + 10.8 0.52 + 10.6 0.73 + 10.6 1.01 + 8.6 0.14 + 8.0 0.07 + 7.7 1.24 + 6.0 4.52 + 3.2 0.50 + 3.1 0.48 - 27.3 0.44 - 26.3 0.52 - 24.6 0.43 - 21.8 4.67 - 21.5 4.37 - 20.4 0.63 - 20.3 2.06 - 19.8 0.53 - 19.7 9.47 - 18.9

(OOOs)

Mandalay Res New Pac Metals Americas Silvr Sabina Gd&Slvr Lucara Diam UEX Corp Imperial Metal Tanzanian Gold Gold Std Vents Treasury Metal Suncor Energy Teck Res Franco-Nevada Teck Res Cameco Corp First Quantum Filo Mg Corp Wheaton Prec Agnico Eagle Labrador IOR

MND NUAG USA SBB LUC UEX III TNX GSV TML SU TECK.B FNV TECK.A CCO FM FIL WPM AEM LIF

HIGH

124 793 1583 10234 1792 32365 71 282 3329 150 68769 13587 3724 70 11893 16322 4436 7101 9282 1819

WEEK LOW CLOSE CHANGE

3.49 4.52 1.01 1.24 0.73 0.34 3.09 0.52 0.50 0.42 44.72 47.50 181.03 48.49 26.92 28.74 20.46 50.00 66.09 30.76

+ + + + + + + + + + -

0.34 0.14 0.08 0.07 0.07 0.06 0.05 0.05 0.02 0.01 8.06 6.51 6.46 6.07 5.70 5.51 4.54 3.98 2.89 2.83

TSX VENTURE EXCHANGE / JUNE 13 – 17, 2022 The S&P/TSX Venture Composite Index fell 64.32 points or 10% to end at 640.38. Shares of Eloro Resources bucked the trend, rising 38¢ to $3.99 apiece as the company announced drill results from its Iska Iska silver-tin polymetallic project in southern Bolivia. Highlights from the drilling included 88.7 metres grading 10.74 grams silver per tonne and 1.01 grams gold starting from 319.4 metres in hole DSBS-02; and 12 metres grading 10.67 grams silver starting from 363.6 metres in hole DPC-09. Overall, the company has completed about 60,000 metres of drilling to date. Bill Pearson, the company’s executive vice-president of exploration said that the drilling has defined a higher-grade zone greater than 90 grams silver equivalent per tonne that so far measures roughly 750 metres along strike, 650 metres in width and extends to a depth of at least 750 metres. The deposit is open in all directions. Shares of Gold Bull Resources rose 47.4% to 14¢ as the company reported drill results from its Sandman project in Humboldt County, Nev. Highlights from the two drill holes completed at Silica Ridge included 83.8 metres grading 1.5 grams gold per tonne from surface in hole SA-0052 and 47.2 metres grading 1.54 grams gold from 1.5 metres in hole SA-0044. “The consistency of

high-grade oxide mineralization over tens of meters at Silica Ridge is very encouraging and is reason to investigate near-term production scenarios at Sandman,” said Gold Bull CEO, Cherie Leeden. “The highgrade intervals in these two holes… indicates sweet spots that will be investigated in a scoping study for potential mine start-ups.” In December 2020, Gold Bull purchased the Sandman project from Newmont. The project’s resource totals 18.5 million tonnes grading 0.73 gram gold for 433,000 oz. gold in the indicated category and 3.2 million tonnes grading 0.58 gram gold for 60,800 oz. gold in the inferred category. Shares of Metals Creek rose 44% to 18¢ after the company reported diamond drill TSX-V MOST ACTIVE ISSUES VOLUME (OOOs) HIGH

Pure Gold Mg Blue River Res Denarius Metal Colombia Crest Alphamin Res Benchmark Met Gold Bull Res GoviEx Uranium MacDonald Mns Anfield Energy

PGM 18379 BXR 9770 DSLV 7349 ATX 7055 AFM 5691 BNCH 5116 GBRC 5078 GXU 4836 BMK 4542 AEC 4228

0.30 0.03 0.25 0.81 0.98 0.86 0.19 0.31 0.03 0.10

LOW

0.16 0.02 0.00 0.68 0.77 0.63 0.11 0.23 0.00 0.08

WEEK CLOSE CHANGE

0.16 - 0.14 0.03 + 0.01 0.25 unch 0.00 0.80 + 0.12 0.81 - 0.19 0.66 - 0.14 0.14 + 0.05 0.25 - 0.09 0.02 unch 0.00 0.08 - 0.02

results from its Dona Lake gold project in Ontario on June 9. Highlights from the drilling included 11.33 metres grading 6.38 grams gold per tonne starting from 531.8 metres, including 2.5 metres grading 36.21 grams gold starting from 558.6 metres in hole DL2209. “Hole DL22-029 continues to demonstrate the continuation of high-grade gold mineralization within the main zone stratigTSX-V GREATEST PERCENTAGE CHANGE VOLUME (OOOs)

Tymbal Res Blue River Res Red Pine Expl Hanna Capital Transatlantic Gold Bull Res Metals Creek Wescan Gldflds Aurora Royal AM Resources Aloro Mining Nevada Sunrise Zimtu Capital Pure Gold Mg Lupaka Gold Kermode Res Alturas Min BTU Metals Blue Moon Silverton Met

TYMB BXR RPX HCC TCO GBRC MEK WGF AUR.H AMR AORO NEV ZC PGM LPK KLM ALT BTU MOON SVTN

TSX-V GREATEST VALUE CHANGE

WEEK

HIGH

11 9770 965 70 355 5078 1382 27 1 16 418 2593 1971 18379 938 849 35 1297 170 49

raphy, below the 455 level of the past-producing Dona Lake gold mine,” the company said. Mineralization is hosted within a silicate sulphide iron formation with 0.5-25% pyrrhotite and local pyrite with associated grunerite and garnets, it added. The 11.2-sq.-km project, which was acquired from Newmont, is accessible by an all-weather road from the town of Pickle Lake. TNM

VOLUME

LOW CLOSE CHANGE

0.01 0.03 0.44 0.03 0.02 0.19 0.18 0.10 0.05 0.07 0.04 0.35 0.23 0.30 0.02 0.02 0.03 0.04 0.03 0.14

0.00 0.02 0.25 0.00 0.00 0.11 0.00 0.00 0.00 0.00 0.00 0.17 0.13 0.16 0.02 0.00 0.00 0.03 0.00 0.00

0.01 +100.0 0.03 + 66.7 0.44 + 57.1 0.03 + 50.0 0.02 + 50.0 0.14 + 47.4 0.18 + 44.0 0.10 + 42.9 0.05 + 42.9 0.07 + 40.0 0.02 - 57.1 0.19 - 46.5 0.13 - 45.8 0.16 - 45.8 0.02 - 40.0 0.02 - 40.0 0.02 - 40.0 0.03 - 37.5 0.03 - 37.5 0.12 - 36.8

(OOOs)

Eloro Res Western Alaska Critical Elem Discovery Silv Tanqueray Expl Red Pine Expl Atlas Salt Barksdale Res ScoZinc Mg Laurion Mnl Ex Sigma Lithium Nouveau Monde Arizona Metals IsoEnergy Ltd First Cobalt Uranium Roylty American Lith Leeta Gold Rupert Res Rock Tech Lith

ELO WAM CRE DSV IPA RPX SALT BRO EDM LME SGML NOU AMC ISO ELBM URC LI HIVE RUP RCK

HIGH

WEEK LOW CLOSE CHANGE

656 3.99 224 1.75 1225 1.46 2905 1.59 89 6.00 965 0.44 1445 2.38 400 0.66 20 0.66 2269 1.02 150 20.08 164 6.53 1104 4.12 648 2.89 189 4.23 524 3.26 2512 1.87 2780 3.82 151 4.95 147 4.19

+ + + + + + + + + + -

0.38 0.23 0.21 0.20 0.19 0.16 0.15 0.13 0.12 0.12 1.47 1.06 0.75 0.66 0.57 0.56 0.55 0.51 0.45 0.40

U.S. MARKETS / JUNE 13 – 17, 2022 The Dow Jones Industrial Average retreated 1,504.01 points or 5.03% to 29,888.78 and the S&P 500 fell 226.02 points or 6.1% over the week to 3,674.84 as U.S. stocks felt the pressure amid growing concerns of an economic recession, high inflation and rising interest rates. Most miners saw their share value decrease during the week despite providing seemingly positive updates. Shares of Nouveau Monde Graphite fell 16.7% to US$5 even as the company revealed its new coating line in Saint-Michel-desSaints, Que., which has a nameplate capacity of 2,000 tonnes per year. Completing the company’s integrated anode material production, from ore to battery material, the coating module was built in the first half of 2022. Coating helps create a stable electrolyte interface layer in the battery system and increase initial coulombic efficiency and discharge capacity, thus extending the battery performance over time. “With this addition, NMG now operates the only fully integrated North American natural graphite production,” said the company in a press release. Nouveau Monde is targeting first production at its Matawinie graphite mine in SaintMichel-des-Saints in 2023. Its vertically integrated business model involves mining at Matawinie and producing value-added forms of graphite at its purification facility

in Bécancour to serve the lithium-ion battery and fuel cell markets. Shares of Consol Energy fell US$6.76 to US$46.15. The coal producer released its fifth corporate sustainability report during the trading week, but it failed to counter the market’s overall downtrend. According to the report, the company’s Pennsylvania Mining Complex saw a total recordable incident rate of 2.25, 53% below Mine Safety and Health Administration industry averages for the underground bituminous coal mining industry. It also achieved record water reuse volumes, with 721 million gallons of water recycled for use in operations. Shares of Gold Fields, which recently announced a takeover of Yamana Gold, continued to fall, declining 2.6% over the period U.S. MOST ACTIVE ISSUES VOLUME (OOOs) HIGH

Kinross Gold* Vale* Barrick Gold* Freeport McMoR* Yamana Gold* Cleveland-Clif* United States S* Chevron Corp* Gold Fields* IAMGOLD*

LOW

WEEK CLOSE CHANGE

KGC 260254 4.47 3.96 4.10 - 0.43 VALE 189404 16.43 14.75 14.93 - 1.93 GOLD 119421 20.59 19.05 19.55 - 1.48 FCX 113316 38.52 33.42 33.82 - 6.39 AUY 112542 5.49 4.97 5.18 - 0.47 CLF 111198 18.78 16.61 17.09 - 2.55 X 89795 21.50 19.23 19.89 - 2.26 CVX 88681 172.29 145.79 148.38 - 27.02 GFI 65006 10.05 9.10 9.93 - 0.26 IAG 54049 2.25 1.89 1.99 - 0.33

to US$9.93 per share. Yamana shares also fell US47¢ to US$5.18. The US$6.7-billion takeover, which will make Gold Fields the fourth-largest gold producer in the world, received some criticism over the last few weeks. On June 10, Redwheel, a top investor in the company, urged the miner to cancel its planned takeover and said that the deal did not guarantee growth and profitability. “Redwheel has been a significant investor in Gold U.S. GREATEST PERCENTAGE CHANGE VOLUME (OOOs)

Trecora Res* Gold Fields* Turquoise HIl* Nutrien* Harmony Gold* Newmont Corp* Osisko Gold* Mosaic* Franco-Nevada* MartinMarietta* CONSOL Energy* Nexgen Energy* Cameco Corp* Natural Res Pt* Gatos Silver* Suncor Energy* Nouveau Monde* Freeport McMoR* Fortuna Silvr* Peabody Enrgy*

TREC GFI TRQ NTR HMY NEM OR MOS FNV MLM CNX NXE CCJ NRP GATO SU NMG FCX FSM BTU

HIGH

1108 65006 3288 21480 44906 37827 8754 45254 4237 3160 24599 20925 39357 284 4772 49212 431 113316 32882 34993

Fields for several years and we believe that the company should withdraw the offer and concentrate on the excellent organic growth options which it already owns,” it said in an open letter to Gold Fields’ board, published on its website. While the market reaction to the deal has been mostly negative, some analysts believe Gold Fields could benefit from expanding its size and geographical reach ahead of the next gold price rally. TNM U.S. GREATEST VALUE CHANGE

WEEK

VOLUME

LOW CLOSE CHANGE

9.78 10.05 28.57 88.95 3.38 66.43 11.45 54.50 143.99 322.71 22.69 4.44 24.32 46.00 3.39 40.50 5.87 38.52 3.49 24.44

9.60 9.78 + 1.0 9.10 9.93 - 2.6 26.27 27.73 - 3.8 82.53 83.04 - 4.0 3.03 3.36 - 4.5 61.30 63.76 - 4.6 10.84 11.14 - 5.1 49.02 50.60 - 5.2 135.18 139.00 - 5.3 300.09 303.56 - 5.7 17.22 17.42 - 25.0 3.49 3.60 - 22.9 20.55 20.67 - 19.0 37.92 38.72 - 17.3 2.85 2.93 - 17.0 33.86 34.32 - 16.9 5.00 5.00 - 16.7 33.42 33.82 - 15.9 2.99 3.07 - 15.9 20.56 21.94 - 15.9

(OOOs)

Trecora Res* McEwen Mng* Harmony Gold* Gold Fields* IAMGOLD* DRDGOLD* Kinross Gold* Sandstorm Gold* Yamana Gold* Endeavr Silver* Chevron Corp* MartinMarietta* Arch Resources* Natural Res Pt* Franco-Nevada* Black Hills* NACCO Ind* Rio Tinto* Suncor Energy* CONSOL Energy*

TREC MUX HMY GFI IAG DRD KGC SAND AUY EXK CVX MLM ARCH NRP FNV BKH NC RIO SU CEIX

HIGH

1108 7967 44906 65006 54049 1399 260254 14105 112542 17863 88681 3160 3697 284 4237 2495 230 18483 49212 4380

WEEK LOW CLOSE CHANGE

9.78 0.50 3.36 9.93 1.99 6.38 4.10 6.37 5.18 3.49 148.38 303.56 155.34 38.72 139.00 66.81 43.14 64.54 34.32 46.15

+ 0.10 - 0.08 - 0.16 - 0.26 - 0.33 - 0.41 - 0.43 - 0.46 - 0.47 - 0.48 - 27.02 - 18.19 - 14.78 - 8.11 - 7.80 - 7.59 - 7.34 - 7.15 - 6.99 - 6.76

GLOBAL MINING NEWS

THE NORTHERN MINER / JUNE 27 — JULY 10, 2022

METALS, MINING AND MONEY MARKETS LME WAREHOUSE LEVELS

PRODUCER AND DEALER PRICES

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening on June 16 2022 (change from June 9 2022 in brackets): Aluminium Alloy

2,120

(+40)

Aluminium

411,575

(-18,475)

Copper

121,000

(+2825)

Lead

38,825

(-375)

Nickel

68,922

(-1860)

Tin

3,025

(+20)

Zinc

79,575

(-5225)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$138.800 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: 16.550 Cobalt: US$32.55/lb. Copper: US$4.13/lb. Copper: CME Group Futures June 2022: US$3.96/lb.; July 2022: US$4.006/lb. Iridium: NY Dealer Mid-mkt US$6,100/tr oz. Iron Ore 62% Fe CFR China-S: US$ 122.2 Lead: US$0.94/lb. Rhodium: Mid-mkt US$20,250/tr. oz. Ruthenium: Mid-mkt US$750 per oz. Silver: Handy & Harman Base: US$ 21.68 per oz.; Handy & Harman Fabricated: US$27.10 per oz. Tin: US$14.79/lb. Uranium: U3O8, Trading Economics spot price: US$47.85 per lb. U308 Zinc: US$1.62 per lb. Prices current June 6, 2022

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of May 31, 2022 (with changes from May 15, 2022) Largest short positions Argonaut Gold AR 18627381 -1538528 5/15/2022 IVN 16451823 -2768022 5/15/2022 Ivanhoe Mines McEwen Mng MUX 16124735 2409106 5/15/2022 Kinross Gold K 15347228 -110054 5/15/2022 Suncor Energy SU 11724548 -6044899 5/15/2022 Fortuna Silvr FVI 9814764 -751164 5/15/2022 WPM 9064695 438209 5/15/2022 Wheaton Prec IAMGOLD IMG 8550412 -1087786 5/15/2022 Lundin Mng LUN 8527096 -2548631 5/15/2022 Barrick Gold ABX 7902841 -7189017 5/15/2022 New Gold NGD 7565174 -439349 5/15/2022 YRI 7354530 -260217 5/15/2022 Yamana Gold Copper Mtn Mng CMMC 6572626 484800 5/15/2022 Denison Mines DML 6537494 -1756187 5/15/2022 First Quantum FM 6387564 -1998421 5/15/2022 Largest increase in short position MUX 16124735 2409106 5/15/2022 McEwen Mng Star Diamond DIAM 567130 490220 5/15/2022 Copper Mtn Mng CMMC 6572626 484800 5/15/2022 i-80 Gold IAU 3903974 451626 5/15/2022 Wheaton Prec WPM 9064695 438209 5/15/2022 Largest decrease in short position ABX 7902841 -7189017 5/15/2022 Barrick Gold Suncor Energy SU 11724548 -6044899 5/15/2022 Wallbridge Mng WM 2968865 -3800312 5/15/2022 Ivanhoe Mines IVN 16451823 -2768022 5/15/2022 LUN 8527096 -2548631 5/15/2022 Lundin Mng

Short positions outstanding as of May 31, 2022 (with changes from May 15, 2022) Largest short positions Pure Gold Mg PGM 5115980 254689 5/15/2022 GR Silver GRSL 3792567 -143306 5/15/2022 Purepoint Uran PTU 2565145 -606982 5/15/2022 Oroco Res OCO 2381116 54325 5/15/2022 Canada Silver CCW 1696361 -174446 5/15/2022 LITH 1638778 607046 5/15/2022 Lithium Chile Cassiar Gold GLDC 1449369 25385 5/15/2022 GoviEx Uranium GXU 1436343 -987987 5/15/2022 Giga Metals GIGA 1225468 17406 5/15/2022 Artemis Gold ARTG 1214131 -22298 5/15/2022 HPQ 1154365 383267 5/15/2022 Uragold Bay Rs Dolly Vard Sil DV 1015869 19718 5/15/2022 New Found Gold NFG 968958 -107614 5/15/2022 Gratomic GRAT 954404 -179410 5/15/2022 Tier One Silv TSLV 943137 129383 5/15/2022 Largest increase in short position GFG 721879 713241 5/15/2022 GFG Resources Mundoro Cap MUN 633401 631127 5/15/2022 Ceylon Graph CYL 655270 613947 5/15/2022 Lithium Chile LITH 1638778 607046 5/15/2022 CUSN 673218 593952 5/15/2022 Strongbow Expl Largest decrease in short position Aurcana Silver AUN 312549 -1416875 5/15/2022 Leeta Gold HIVE 591011 -1273342 5/15/2022 Eloro Res ELO 57899 -1256193 5/15/2022 GXU 1436343 -987987 5/15/2022 GoviEx Uranium Gold79 Mines AUU 8811 -913352 5/15/2022

DAILY METAL PRICES Date

JUNE 13

JUNE 14

JUNE 15

JUNE 16

JUNE 17

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) 1665/1665 1665/1665 1665/1665 1665/1665 Al Alloy 2589/2605 2587/2610 2579/2594 2500/2524 Aluminum Copper 9289/9283 9262.5/9274 9256/9260 9100/9100 Lead 2100/2110 2073/2092 2081/2093 2065/2080 26380/26475 25490/25500 25600/25650 25375/25575 Nickel Tin 34400/34300 30950/31000 32800/32200 32400/32290 Zinc 3605/3587 3659/3611 3700/3653 3634/3577 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1855.95 1823.65 1823.15 Gold PM 1830.85 1818.30 1823.75 Silver 21.56 21.24 21.46 Platinum 950 933 945 Palladium 1860 1810 1865

1665/1665 2473.5/2500 9100/9097 2071/2084 25415/25400 32550/32200 3579/3530

1831.55 1826.50 21.44 943 1866

1849.85 1841.55 21.85 943 1860

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

Jun 17 1.3035 0.7672

Jun 16 1.2954 0.7720

Exchange rates (Quote Media, June 17, 2022) C$ to AUS C$ to EURO 1.1099 0.7312 C$ to UK Pound C$ to China Yuan 0.6281 5.1568 US to AUS US to EURO 1.4452 0.9528 US to UK Pound US to China Yuan 0.8183 6.7167

Jun 15 1.2874 0.7768

Jun 14 1.2946 0.7725

C$ to YEN 103.5649 C$ to India Rupee 59.8486 US to YEN 134.9575 US to India Rupee 77.9617

Jun 13 1.2892 0.7757 C$ to Mex Peso 15.5761 C$ to Swiss Franc 0.7450 US to Mex Peso 20.3376 US to Swiss Franc 0.9712

C$ to SA Rand 12.2987 C$ to S. Korea Won 991.1731 US to SA Rand 16.0333 US to S. Korea Won 1291.5600

TSX WARRANTS Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Aris Gold Corporation (ARIS.WT) - One Warrant to purchase one Common Share of the Issuer at $2.75 until expiry. eCobalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Excellon Resources Inc. (EXN.WT) - One Warrant to purchase one common share of the issuer at $1.40 per share until expiry Excelsior Mining Corp. (MIN.WT) - One Warrant to purchase one Common Share of the Issuer at $1.25 until expiry. Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 until expiry. Karora Resources Inc. (KRR.WT) - One

Warrant to purchase one common share of the Issuer at $0.50 until expiry. Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry Nevada Copper Corp. (NCU.WT) - One Warrant to purchase one common share of the Issuer at $0.20 until expiry Nevada Copper Corp. (NCU.WT.A) - One Warrant to purchase one common share of the Issuer at $0.22 until expiry Nomad Royalty Company Ltd. (NSR.WT) - One Warrant to purchase one common share of the Issuer at $1.71 until expiry. Novo Resources Corp. (NOVO.WT.A) - One Warrant to purchase one common share of the Issuer at $3.00 until expiry. Novo Resources Corp. (NVO.WT.A) - One

ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share. Alpha Lithium Corporation (ALLI.WT) - One warrant to purchase one common share at $1.10 per share. Alpha Lithium Corporation (ALLI.WT) - One warrant to purchase one common share at $1.10 per share. American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share American Lithium Corp. (LI.WT) - One warrant to purchase one common share at $0.30 per share. Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share. Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share. Aurania Resources Ltd. (ARU.WT) - One warrant to purchase one common share at $5.50 per share. Aurania Resources Ltd. (ARU.WT.A) - One warrant to purchase one common share at $4.25 per share. Aurania Resources Ltd. (ARU.WT.B) - One warrant to purchase one common share at $2.20 per share. Avidian Gold Corp. (AVG.RT) - Three rights and $0.11 are required to purchase one Share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.50 per share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share. Cabral Gold Inc. (CBR.WT) - One warrant to purchase one common share at $0.80 per share. Caldas Gold Corp. (CGC.WT) - One warrant to purchase one common share at $2.75 per share. Cascadero Copper Corporation (CCD.RT) One right and $0.015 are required to purchase one Share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp. (CDB.RT) - One (1) Right exercisable for One (1) Rights Share at $0.05 per Share. Cordoba Minerals Corp. (CDB.RT) - One right to purchase one common share at $0.54 per share. Denarius Silver Corp. (DSLV.WT) - One warrant to purchase one common share at $0.80 per share. Elevation Gold Mining Corporation (ELVT.

WT) - One warrant to purchase one common share at $4.80 per share. Empress Royalty Corp. (EMPR.WT) - One warrant to purchase one common share at $0.75 per share. Equinox Gold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share. Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit. Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $0.60 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 per share. Freeman Gold Corp (FMAN.WT.U) - One warrant to purchase one common share at US$0.65 per share. Giga Metals Corporation (GIGA.WT) - One warrant to purchase one common share at $0.60 per share. Giga Metals Corporation (GIGA.WT.A) One warrant to purchase one common share at $0.45 per share. Giyani Metals Corp. (EMM.WT) - One warrant to purchase one common share at $0.60 per share. Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share. Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share. Hot Chili Limited (HCH.WT) - One warrant to purchase one common share at $2.50 per share. Kaizen Discovery Inc. (KZD.RT) - One warrant to purchase one common share at $0.51 per share. LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share. Lion One Metals Limited (LIO.WT) - One warrant to purchase one common share at $2.75 per share. LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit. Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per share. Mako Mining Corp. (MKO.WT.A) - One warrant to purchase one common share at $0.60 per share. Manganese X Energy Corp. (MN.WT) - One warrant to purchase one common share at $0.15 per share. Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at

Warrant to purchase one common share of the Issuer at $3.00 until expiry. Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry. Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry. Sherritt International Corporation (S.WT) - Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 2018-0062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Treasury Metals Inc. Wt (TML.WT) - One Warrant to purchase one common share of the Issuer at $1.50 until expiry. Trevali Mining Corporation (TV.WT) - One Warrant to purchase one common share of the Issuer at $0.23 until expiry.

TSX VENTURE WARRANTS $0.40 per share Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at $0.12 per share. Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share. Millennial Lithium Corp. (ML.WT) - One right to purchase one common share at $4.80 per share. Mineworx Technologies Ltd. (MWX.RT) One right to purchase one common share at $0.015 per share. Northern Vertex Mining Corp. (NEE.WT) One warrant to purchase one common share at $0.80 per share. Novo Resources Corp. (NVO.WT) - One warrant to purchase one common share at $4.40 per share. Orezone Gold Corporation (ORE.WT) - One warrant to purchase one common share at $0.80 per share. Orezone Gold Corporation (ORE.WT) - One warrant to purchase one common share at $0.80 per share. Osisko Development Corp. (ODV.WT) - One warrant to purchase one common share at $10.00 per share. Sandfire Resources America Inc. (SFR.RT) - Forty one (41) Rights exercisable for One (1) Share at $0.15 per Share. Sandfire Resources America Inc. (SFR. RT) - Eight (8) Rights exercisable for One (1) share at $0.06 per unit. Silver Mountain Resources Inc. (AGMR. WT) - One warrant to purchase one common share at $0.70 per share. Star Royalties Ltd. (STRR.WT) - One warrant to purchase one common share at $1.00 per share. Three Valley Copper Corp. (TVC.WT) - 20 warrants to purchase one Class A common share at $6.66 per share. Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share. Ucore Rare Metals Inc. (UCU.RT) - One (1) right exercisable for one share at $4.00 per share. Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share. Vizsla Silver Corp. (VZLA.WT) - One warrant to purchase one common share at $3.25 per share. Westhaven Gold Corp. (WHN.WT) - One warrant to purchase one common share at $1.00 per share. Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NEW 52-WEEK HIGHS AND LOWS JUNE 13-17, 2022 CANADIAN GOLD MUTUAL FUNDS FundName BMO Prec Mtls Fd A BMO ZGD BMO ZJG CANL Prec Mtl Fd A CI Pre Met Fd A CIBC Prec Metal Fd A Dyn Prec Metls Fd A Harvest HGGG Horizons HEP IG MacGbPreMetCl A iShares XGD NBI PrecMetFd Invt NP Silver Equ A NPT Go&PrMinFd A RBC GblPreMetFd A TD Prec Mtl Fd Inv

Jun 17 ($) 23.54 66.43 62.48 17.20 50.57 13.98 11.61 24.79 25.79 14.45 18.18 17.53 7.02 47.92 50.94 46.18

Jun 10 ($) 24.77 71.64 67.52 18.28 53.16 14.80 12.32 25.73 27.42 15.33 19.12 18.67 7.52 50.04 54.75 48.66

Change ($) -1.23 -5.20 -5.05 -1.08 -2.59 -0.82 -0.71 -0.94 -1.63 -0.88 -0.94 -1.14 -0.50 -2.11 -3.81 -2.48

Change (%) -4.97 -7.27 -7.48 -5.93 -4.88 -5.55 -5.77 -3.65 -5.96 -5.71 -4.92 -6.11 -6.70 -4.23 -6.95 -5.10

YTDChange (%) -0.35 -3.13 -1.75 -3.14 -8.41 -0.64 -10.82 -5.50 -2.07 -3.10 1.16 -3.46 -18.86 -9.78 -4.59 -0.47

MER (%) 2.41 0.60 0.61 2.58 2.31 2.27 2.67 0.68 0.81 2.63 0.55 2.47 3.24 3.19 2.09 2.26

TotalAssets (M$) 50.76 43.76 72.63 18.22 302.89 55.28 542.64 3.78 19.08 1137.10 25.78 310.24 121.84

NORTH AMERICAN STOCKEXCHANGE INDICES 52 weeks

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

Jun 17 18930.48 640.38 1148.51 288.56 263.85

Jun 16 19004.06 639.55 1151.43 290.00 263.85

Jun 15 19611.56 655.65 1186.75 283.05 263.85

Jun 14 19548.51 650.07 1184.58 282.72 263.85

Jun 13 19742.56 671.90 1194.52 289.13 263.85

High 22213.07 1025.77 1344.63 379.45 338.35

Low 18787.68 633.40 1140.00 257.81 229.83

17 New Highs African Gold Asbestos Corp Atlas Salt Blue River Res Diamante Min* Focus Graphite Highbank Res Laurion Mnl Ex Manning Vent* Metallica Min* Stevens Gold Stevens Gold* Tower Res Tower Res* Ubique Mineral Western Areas* Yanzhou Coal* 171 New Lows Canada Nickel* 1911 Gold AbraSilver Res* Alexandra Cap* Altaley Mining* Altamira Gold* Alto Ventures Amex Expl Amex Expl* Anaconda Mng Anacortes Mg Apollo Silver Appia Rare

Appia Rare* Argonaut Gold Argonaut Gold* Ascot Res Ascot Res * Azimut Explor Bayhorse Silvr* Belo Sun Mng Belo Sun Mng* Benchmark Met Benchmark Met* Black Iron Black Iron* Blue Sky Uran Blue Sky Uran* Bluejay Mining* Bluestone Res Bonanza Gold* Brixton Metals* Cabral Gold Canada Nickel Canada Silver Canada Silver* CanAlaska Uran CanAlaska Uran* Capstone Mng Chesapeake Gld* Chilean Metals CNRP Mng Comstock Mng* Copper Mtn Mng Copper Mtn Mng*

Copper One * Defense Metals Defense Metals* Defiance Silvr Defiance Silvr* Dore Copper E3 Metals* E79 Resources Eldorado Gold Eldorado Gold* Equinox Gold Erdene Res Dev Erdene Res Dev* Ero Copper Ero Copper* Eskay Mng Eskay Mng* Excellon Res* Excelsior Mng Exploits Disc* FenixOro Gold* Fission 3.0 Focus Graphite* Forum Energy Forum Energy* Freegold Vent Fuse Cobalt Galane Gold * Galiano Gold* GCM Mining GCM Mining* Generation Min

Generation Min* Geomega Res Gold Line Res Gold Mountain* Gold Royalty* Golden Dawn Ml* Golden Tag Golden Tag* GR Silver* Grande Portage Grande Portage* Gratomic* Great Panther Great Panther* HudBay Min HudBay Min* IAMGOLD IAMGOLD* Intl Tower Hil* Ion Energy* Kombat Copper Kuya Silver Labrador Gold Labrador Gold* Legion Metals Leocor Gold* Libero Copper* Lomiko Mtls* Mako Mining Manganese X Manganese X* Marathon Gold

Marathon Gold* Marimaca Cop MartinMarietta* Mason Graphite* Medaro Mining Midnight Star Millennial Pr* NEO Battery* New Age Metals* Newcore Gold Nexa Resources* Nickel Creek* Nickel Rock Nickel Rock* NovaGold Res Novo Res Nthn Dynasty Nthn Dynasty* Oceanus Res Oroco Res Oroco Res* Palladium One Pan Am Silver* Power Metals* Prime Mining Pure Energy* Rare Element* Ridgestone M’g* Riverside Res* Rock Tech Lith Rojo Res* Seabridge Gld

Seabridge Gld* Sibanye-Stillw* Silver Bull Re* Silver Hammer Silver One Silver One* Silver Viper* Skeena Res Skyharbour Res* Solaris Res St-Georges Eco* Standard Uran Standard Uran* Strikepoint Gd* Summa Silver Summa Silver* Sun Summit Surge Copper Taseko Mines Taseko Mines* Three Valley Torex Gold Torex Gold* Treasury Metal* Trilogy Mtls Trilogy Mtls* Troilus Gold UC Res* Vision Lithium Vision Lithium*

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STAFF INVESTMENT POLICY

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.$

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

JUNE 27 — JULY 10, 2022 / THE NORTHERN MINER

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MARKET NEWS

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: JUNE 13 – 17, 2022 (100s) Stock

Exc Volume

1111 Explor C 1844 Resources V O 1911 Gold* 1911 Gold V 55 North C 79 Resources C 79North C A.I.S Res* O A.I.S Res V Abacus Mining* O Abacus Mining V Abcourt Mines V Abcourt Mines* O Aben Resources* O Aben Resources V AbraSilver Res V AbraSilver Res* O Academy Metals V ACME Lithium C Adamera Min V Adamera Min* O Adex Mining V Advance Gold V Advance United C Adventus V Adventus* O Adyton Res V V AEX Gold Affinity Metal* O African Energy* O African Gold* O African Gold* O African Gold V African Metals V African Rainbo* O Aftermath Silv* O Agnico Eagle* N Agnico Eagle T Aguila Amer Gd V Aguila Amer Gd* O Aiml Res* O AJN Resources C Akwaaba Mining V Alamos Gold T Alamos Gold* N N Alcoa* Aldebaran Res V Aldebaran Res* O Alerio Gold C Alexandra Cap* O T Alexco Res Alexco Res* X V Alianza Min Alianza Min* O All American* O Allegiant Gold V Allegiant Gold* O V Alliance Mng Alliance Res* D Allied Copper* O Allied Copper V C Alma Gold Almaden Min* X T Almaden Min Almadex Min* O V Almadex Min Almonty Ind * O Almonty Ind T Aloro Mining* O V Aloro Mining Alpha Copper C Alpha Lithium V Alpha Lithium* O Alphamin Res * O Alphamin Res V Altai Resource V V Altair Res Inc Altaley Mining* O Altaley Mining V Altamira Gold* O Altamira Gold V Altan Nevada V Altiplano Met V Altiplano Met* O Altius Mnrls * O Altius Mnrls T Alto Ventures V Alto Ventures* O Altura Mining* O Alturas Min V Altus Strat V Altus Strat* O Alumina Ltd* O ALX Resources V ALX Resources* O AM Resources V Amani Gold* O Amarc Res V Amarc Res* O Amer Intl Vent* O American Creek* O American Creek V American CuMo V American CuMo* O American Eagle V American Lith V American Lith* O American Mang* O American Mang V American Pac C American Rare* O AmericanSierra* O Americas Silvr* X Americas Silvr T Amerigo Res T Amerigo Res* O Ameriwest Lith* O Ameriwest Lith C Amex Expl V Amex Expl* O AmmPower* O AmmPower C Amseco Expl V AMV Capital V Anaconda Mng T Anacortes Mg V Andean Prec* O Andean Prec V Anfield Energy* O Anfield Energy V Angel Gold V Angkor Gold* O Angkor Res V Anglo American* O Anglo American* O Anglo Pac Grp T AngloGold Ash* O AngloGold Ash* N Angold Res V Angold Res* O Angus Gold* O Angus Gold V Antioquia Gold* O Antioquia Gold V Antler Gold V Antler Hill V Antofagasta* O Apex Res * O Apex Res V Apogee Min V Apollo Silver V Apollo Silver* O Appia Rare* O Appia Rare C Applied Min* O Arbor Metals V Arch Resources* N Archer Explor C Archon Mineral V Arcland Res V ArcPacific Res V ArcPacific Res* O

10 694 220 173 22 500 65 1 198 265 119 554 167 178 1103 2914 1524 3 127 104 35 331 253 374 397 148 170 114 150 50 19 68 584 28 20 392 18613 9282 143 32 340 55 0 4523 30766 40638 56 22 1280 902 1404 5206 627 258 140979 316 397 0 3209 70 142 213 1836 78 49 209 381 466 40 418 496 665 124 2168 5691 88 59 572 1132 59 132 81 314 109 137 646 517 309 176 35 13 2 45 1232 443 16 439122 130 174 2 304 299 250 117 407 2512 2121 380 523 1311 151 3 3278 1583 3984 836 1742 461 290 88 980 661 1 0 127 190 31 1429 1209 4228 0 22 72 20 1225 63 3 19463 687 10 8 17 7 3 14 0 16 646 397 0 755 182 465 464 15696 62 3697 12 3 1 321 12

Week High

Low

Last Change

12-month High Low

0.06 0.05 0.05 - 0.04 0.15 0.05 0.07 0.00 0.05 - 0.03 0.11 0.05 0.14 0.00 0.13 - 0.01 0.36 0.12 0.18 0.15 0.16 - 0.01 0.47 0.15 0.03 0.00 0.02 - 0.01 0.13 0.02 0.04 0.04 0.04 unch 0.00 0.14 0.04 0.08 0.07 0.08 + 0.01 0.16 0.07 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.03 0.00 0.03 unch 0.00 0.09 0.02 0.05 0.04 0.05 + 0.00 0.15 0.04 0.07 0.00 0.05 - 0.01 0.17 0.05 0.08 0.06 0.07 + 0.01 0.15 0.06 0.06 0.05 0.05 + 0.00 0.13 0.05 0.03 0.00 0.03 - 0.00 0.06 0.03 0.04 0.03 0.04 - 0.01 0.07 0.03 0.33 0.29 0.29 - 0.03 0.62 0.29 0.25 0.22 0.23 - 0.02 0.51 0.22 0.22 0.00 0.22 - 0.05 3.00 0.22 1.10 0.91 0.91 - 0.17 1.44 0.65 0.07 0.00 0.06 - 0.02 0.10 0.05 0.05 0.00 0.05 - 0.00 0.08 0.03 0.01 0.00 0.01 unch 0.00 0.02 0.01 0.03 0.00 0.02 - 0.01 0.08 0.02 0.15 0.13 0.14 - 0.01 2.09 0.13 0.68 0.56 0.56 - 0.09 1.14 0.51 0.51 0.00 0.44 - 0.05 0.93 0.39 0.04 0.00 0.04 unch 0.00 0.14 0.03 0.80 0.68 0.78 + 0.08 0.82 0.44 0.04 0.04 0.04 unch 0.00 0.15 0.04 0.05 0.05 0.05 unch 0.00 0.21 0.01 0.15 0.15 0.15 unch 0.00 0.07 0.05 0.07 - 0.15 0.45 0.03 0.27 0.00 0.25 - 0.04 0.57 0.21 0.05 0.00 0.05 + 0.01 0.15 0.05 14.45 13.35 13.35 - 2.85 21.45 12.98 0.18 0.16 0.17 - 0.01 0.52 0.15 52.95 47.88 50.74 - 3.27 71.01 45.42 68.07 62.17 66.09 - 2.89 86.52 58.02 0.19 0.17 0.19 - 0.01 0.35 0.15 0.15 0.13 0.13 - 0.01 1.00 0.12 0.17 0.08 0.10 - 0.02 0.79 0.08 0.46 0.39 0.39 - 0.10 0.52 0.20 0.00 0.00 0.02 unch 0.00 0.02 0.01 10.16 9.09 9.29 - 1.10 11.61 8.30 7.92 7.02 7.13 - 1.00 9.22 6.51 52.39 47.64 49.28 - 3.73 98.09 31.00 0.79 0.69 0.69 - 0.11 1.13 0.53 0.58 0.53 0.53 - 0.09 0.88 0.40 0.10 0.06 0.10 + 0.01 0.49 0.06 0.10 0.06 0.08 - 0.01 0.51 0.06 1.11 0.95 1.01 - 0.15 3.51 0.92 0.90 0.73 0.77 - 0.16 2.89 0.71 0.05 0.04 0.05 unch 0.00 0.13 0.04 0.04 0.03 0.03 - 0.01 0.11 0.03 0.00 0.00 0.00 + 0.00 0.01 0.00 0.34 0.28 0.32 - 0.02 0.58 0.28 0.26 0.22 0.25 - 0.01 0.46 0.20 0.00 0.00 0.26 unch 0.00 1.05 0.23 19.13 16.62 17.07 - 2.48 21.24 6.62 0.10 0.08 0.09 - 0.01 0.26 0.08 0.12 0.00 0.12 + 0.01 0.41 0.10 0.07 0.05 0.06 unch 0.00 0.23 0.04 0.26 0.23 0.24 - 0.02 0.53 0.22 0.34 0.29 0.31 - 0.03 0.67 0.29 0.21 0.19 0.19 - 0.01 0.27 0.15 0.27 0.25 0.26 unch 0.00 0.33 0.21 0.82 0.67 0.67 - 0.16 0.96 0.60 1.05 0.87 0.87 - 0.18 1.18 0.77 0.02 0.02 0.02 unch 0.00 0.13 0.01 0.04 0.00 0.02 - 0.02 0.08 0.02 0.48 0.35 0.40 - 0.11 1.09 0.18 0.87 0.75 0.76 - 0.11 1.69 0.45 0.55 0.48 0.52 - 0.06 0.90 0.25 0.76 0.60 0.61 - 0.15 1.17 0.49 0.98 0.77 0.81 - 0.19 1.46 0.59 0.06 0.00 0.06 - 0.01 0.17 0.06 0.04 0.00 0.04 unch 0.00 0.19 0.03 0.19 0.15 0.16 - 0.03 0.79 0.15 0.24 0.19 0.21 - 0.04 0.80 0.19 0.13 0.11 0.11 - 0.01 0.31 0.12 0.18 0.15 0.15 - 0.02 0.38 0.15 0.07 0.00 0.04 + 0.01 0.25 0.03 0.24 0.18 0.19 - 0.06 0.42 0.20 0.19 0.15 0.16 - 0.03 0.32 0.15 15.45 13.80 14.39 - 0.98 20.36 11.56 19.63 18.02 18.81 - 0.91 25.71 14.92 0.24 0.19 0.19 - 0.05 0.43 0.20 0.18 0.15 0.17 - 0.02 0.37 0.15 0.03 0.01 0.02 - 0.00 0.11 0.01 0.03 0.00 0.02 - 0.01 0.03 0.02 0.79 0.00 0.75 - 0.02 1.48 0.75 0.60 0.00 0.60 + 0.04 1.11 0.50 4.52 4.12 4.27 - 0.16 6.99 4.12 0.04 0.04 0.04 - 0.01 0.15 0.04 0.04 0.03 0.04 - 0.00 0.12 0.03 0.07 0.00 0.07 + 0.02 0.10 0.04 0.00 0.00 0.00 - 0.00 0.00 0.00 0.11 0.00 0.10 - 0.01 0.15 0.09 0.09 0.08 0.08 - 0.01 0.12 0.07 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.13 0.12 0.13 - 0.01 0.21 0.11 0.17 0.16 0.16 - 0.01 0.24 0.15 0.04 0.00 0.03 unch 0.00 0.08 0.03 0.03 0.02 0.03 + 0.00 0.06 0.02 0.04 0.00 0.04 unch 0.00 0.21 0.03 2.26 1.79 1.87 - 0.55 6.25 1.50 1.76 1.36 1.45 - 0.45 5.00 1.20 0.51 0.43 0.45 - 0.01 1.17 0.37 0.67 0.55 0.59 unch 0.00 1.48 0.47 0.77 0.55 0.59 - 0.19 1.40 0.44 0.20 0.16 0.19 - 0.02 0.42 0.11 0.02 0.00 0.02 + 0.00 0.29 0.02 0.77 0.68 0.68 - 0.05 1.72 0.65 1.01 0.87 1.01 + 0.08 2.10 0.85 1.68 1.40 1.40 - 0.31 2.01 1.10 1.31 1.07 1.09 - 0.26 1.66 0.86 0.62 0.53 0.57 - 0.03 1.37 0.52 0.79 0.69 0.75 + 0.01 1.74 0.54 2.18 1.88 1.95 - 0.23 3.36 1.88 1.68 1.46 1.53 - 0.16 2.68 1.46 0.22 0.17 0.18 - 0.01 1.75 0.17 0.27 0.23 0.23 - 0.01 2.07 0.23 0.04 0.00 0.04 - 0.01 0.08 0.04 0.00 0.00 0.15 unch 0.00 0.15 0.12 0.47 0.42 0.45 - 0.02 1.05 0.42 0.96 0.78 0.79 - 0.18 2.50 0.79 0.84 0.79 0.84 - 0.01 1.83 0.76 1.22 1.01 1.13 + 0.06 2.30 0.92 0.08 0.06 0.06 - 0.02 0.18 0.06 0.10 0.08 0.08 - 0.02 0.23 0.08 0.00 0.00 0.17 unch 0.00 0.35 0.15 0.08 0.07 0.08 - 0.01 0.13 0.04 0.12 0.00 0.11 unch 0.00 0.17 0.05 43.82 0.00 40.50 - 5.00 55.61 33.18 21.96 20.07 20.54 - 2.08 27.80 16.75 2.79 2.27 2.42 - 0.33 3.85 1.95 17.24 0.00 17.24 unch 0.00 27.20 15.31 16.93 15.48 15.94 - 1.69 26.96 14.57 0.09 0.07 0.07 - 0.02 0.35 0.07 0.06 0.00 0.06 - 0.01 0.32 0.06 0.65 0.60 0.65 + 0.02 1.10 0.56 0.87 0.77 0.87 + 0.04 1.33 0.69 0.03 0.01 0.03 - 0.00 0.04 0.01 0.03 0.00 0.03 unch 0.00 0.05 0.03 0.12 0.00 0.11 - 0.02 0.25 0.09 0.00 0.00 0.18 unch 0.00 0.18 0.18 17.40 15.77 15.80 - 2.63 23.45 16.01 0.06 0.05 0.05 - 0.01 0.13 0.01 0.08 0.00 0.06 - 0.01 0.09 0.04 0.00 0.00 0.11 unch 0.00 0.14 0.09 0.37 0.27 0.28 - 0.11 1.15 0.29 0.31 0.21 0.21 - 0.09 1.00 0.23 0.30 0.25 0.29 - 0.01 0.93 0.25 0.39 0.33 0.38 - 0.02 1.14 0.33 0.01 0.00 0.00 - 0.00 0.03 0.00 2.36 2.24 2.36 - 0.04 2.85 1.70 165.79 146.21 155.34 - 14.78 183.53 49.55 0.15 0.14 0.15 - 0.01 1.25 0.14 0.25 0.00 0.25 + 0.05 0.33 0.18 0.13 0.00 0.13 unch 0.00 0.38 0.06 0.05 0.04 0.05 - 0.01 0.23 0.04 0.04 0.03 0.03 - 0.01 0.52 0.02

(100s) Stock

Exc Volume

Week

12-month

(100s)

High

Low

Last Change

High Low

Stock

Arctic Fox Ven C 0 Arctic Star* O 29 Arctic Star V 2772 37 Arcus Dev Grp V Arcwest Explor V 0 Arcwest Explor* O 7 O 941 Arena Min* Arena Min V 3237 Argentina Lith V 508 Argentina Lith* O 394 13 Argentum Silvr V Argo Gold C 91 O 1 Argo Gold* Argonaut Gold* O 747 Argonaut Gold T 27084 Arianne Phosph V 1764 Arianne Phosph* O 1203 T 163 Aris Gold Arizona Gold* O 163 T 1356 Arizona Gold 1104 Arizona Metals V Arizona Metals* O 679 Arizona Silver* O 95 Arizona Silver V 114 Armor Min V 6 Armor Min* O 7 V 465 Artemis Gold 90 Artemis Gold* O Asante Gold* O 1 C 223 Asante Gold Asbestos Corp V 23 Ascendant Res* O 160 530 Ascendant Res T Ascot Res T 1585 O 968 Ascot Res * AsiaBaseMetals V 10 Aston Bay* O 108 V 628 Aston Bay ATAC Res* O 129 V 305 ATAC Res Atacama Cop V 39 Atalaya Mining T 13 105 Athabasca Min* O 587 Athabasca Min V Athena Gold* O 602 Athena C 50 Atico Mining* O 93 Atico Mining V 97 Atlas Salt* O 82 V 1445 Atlas Salt Aton Resources* O 95 Aton Resources V 176 Augusta Gold* O 561 Augusta Gold T 466 170 Aura Minerals T Aura Minerals* O 2 Aurania Res* O 230 V 109 Aurania Res Aurcana Silver V 702 787 Aurcana Silver* O AurCrest Gold V 37 Aurelius Min* O 162 V 203 Aurelius Min Aurion Res * O 37 V 122 Aurion Res Aurora Royal V 1 Aurwest Res C 49 1 AURYN Mining* O Aust Mines* O 109 Austin Res V 2 Austral Gold* O 78 Austral Gold V 405 O 82 Auxico Res* Auxico Res C 459 Avalon Advance* O 824 Avalon Advance T 1717 Avarone Metals* O 20 Avidian Gold* O 10 V 453 Avidian Gold X 1291 Avino Silver* Avino Silver T 145 Avrupa Min V 0 O 22 Avrupa Min* Awale Res V 81 V 18 Axmin Inc Aya Gold* O 47 Azarga Metals* O 3 2 Azarga Metals V Azimut Explor V 71 Azimut Explor* O 28 Azincourt Ener* O 994 Azincourt Ener V 1564 Aztec Minerals V 209 Aztec Minerals* O 29 Azucar Min V 33 Azucar Min* O 93

0.00 0.07 0.10 0.04 0.00 0.05 0.35 0.44 0.32 0.24 0.12 0.11 0.09 0.86 1.05 0.62 0.47 2.16 0.05 0.07 4.84 3.97 0.29 0.39 0.55 0.48 6.42 4.89 1.33 1.73 1.00 0.14 0.23 0.69 0.57 0.20 0.02 0.04 0.09 0.11 0.20 6.26 0.31 0.40 0.06 0.08 0.28 0.36 1.90 2.46 0.35 0.43 1.60 2.09 10.90 8.09 0.56 0.72 0.12 0.09 0.18 0.12 0.16 0.63 0.78 0.05 0.09 0.81 0.08 0.05 0.05 0.06 0.74 0.98 0.10 0.13 0.02 0.03 0.03 0.70 0.89 0.00 0.06 0.18 0.05 6.52 0.03 0.03 1.26 0.94 0.07 0.09 0.29 0.23 0.08 0.07

0.00 0.00 0.07 0.00 0.00 0.05 0.29 0.37 0.25 0.20 0.00 0.00 0.00 0.68 0.88 0.53 0.41 1.85 0.04 0.05 4.04 3.10 0.23 0.31 0.00 0.47 5.66 4.48 1.19 1.46 0.00 0.14 0.20 0.57 0.44 0.00 0.02 0.00 0.06 0.10 0.17 0.00 0.26 0.33 0.05 0.08 0.24 0.33 1.41 2.05 0.27 0.35 1.30 1.60 9.70 0.00 0.53 0.68 0.09 0.07 0.13 0.10 0.12 0.55 0.72 0.00 0.00 0.77 0.06 0.00 0.03 0.00 0.62 0.81 0.09 0.12 0.02 0.03 0.00 0.62 0.81 0.00 0.05 0.00 0.00 5.31 0.00 0.00 1.10 0.85 0.05 0.08 0.26 0.20 0.00 0.05

0.13 unch 0.06 0.08 0.03 0.07 unch 0.05 unch 0.32 0.42 0.27 0.20 0.12 + 0.10 0.09 0.69 0.90 0.57 0.44 1.90 0.04 0.06 unch 4.12 3.18 0.23 0.33 0.54 0.47 + 5.66 4.60 1.30 + 1.72 + 0.99 + 0.14 0.22 unch 0.63 0.46 0.18 0.02 0.03 0.08 0.11 unch 0.18 6.23 0.26 0.35 0.06 0.08 unch 0.26 0.33 1.85 + 2.38 + 0.28 0.36 1.45 1.85 9.70 7.62 0.55 unch 0.72 + 0.10 0.08 0.14 0.10 0.14 0.55 0.72 0.05 + 0.08 0.81 unch 0.08 + 0.05 0.04 0.04 0.67 + 0.90 + 0.09 0.12 0.02 unch 0.03 unch 0.03 0.64 0.84 0.08 unch 0.05 0.17 unch 0.05 6.50 + 0.03 + 0.03 unch 1.12 0.89 0.06 0.08 0.26 0.22 0.08 unch 0.06 +

0.20 0.18 0.22 0.04 0.12 0.09 0.60 0.68 0.96 0.77 0.26 0.20 0.16 3.23 4.09 0.82 0.65 2.29 0.11 0.13 6.98 5.60 0.48 0.60 0.87 0.48 7.93 6.23 1.80 2.29 1.00 0.22 0.29 1.41 1.18 0.24 0.06 0.09 0.15 0.18 0.65 8.48 0.54 0.70 0.21 0.30 0.53 0.65 1.99 2.34 0.48 0.69 1.94 2.40 17.50 14.31 2.82 3.43 0.97 0.80 0.39 0.49 0.59 1.09 1.36 0.07 0.19 1.05 0.27 0.09 0.13 0.16 1.68 1.85 0.19 0.24 0.04 0.16 0.18 1.32 1.59 0.11 0.09 0.76 0.08 9.44 0.12 0.17 2.49 1.98 0.19 0.29 0.41 0.32 0.19 0.15

Black Mammoth V 5 Black Mountain V 212 Black Mountain* O 2 730 Black Tusk Res* O Black Tusk Res C 2589 Blackrock Silv V 631 Blackrock Silv* O 1315 Blackwolf Cop V 146 Blackwolf Cop* O 17 Blind Creek V 160 344 Blue Lagoon* O Blue Lagoon C 536 V 170 Blue Moon Blue Moon* O 236 Blue River Res V 9770 16 Blue River Res* O Blue Sky Uran* O 631 Blue Sky Uran V 1369 Blue Star Gold V 167 507 Blue Thunder V 1 BlueBird Batt* O BlueBird Batt V 133 Bluejay Mining* O 532 Bluestone Res V 457 Bluestone Res* O 238 BMEX Gold V 155 O 0 BMEX Gold* 191 Bold Ventures V Bolt Metals* O 17 C 47 Bolt Metals Bonanza Gold* O 3190 Bond Resources C 1870 267 BonTerra Res V Boreal Metals V 21 21 Boreal Metals* O Borneo Res Inv* O 4525 Boundary Gold* O 241 51 Boundary Gold V Brascan Gold C 279 122 Bravada Gold V Bravada Gold* O 109 Braveheart Res V 1283 Braveheart Res* O 1041 325 Bravo Multinat* O Brazil Min* O 138210 Brigadier Gold* O 42 Brigadier Gold V 1197 BrightRock* O 337 Brixton Metals* O 1148 Brixton Metals V 2392 Brookmount Exp* O 1038 Brunswick Expl V 854 Bryn Res* O 1 BTU Metals* O 502 V 1297 BTU Metals Buenaventura* N 8162 Buffalo Coal V 111 V 10 Bullet Explor Bullion Gold* O 35 C 282 Bunker Hill BWR Explor V 98

B2Gold Corp T 20791 B2Gold Corp* X 93729 Baden Res C 0 Bald Eagle V 1666 Balto Res V 0 Bam Bam Res* O 150 Bam Bam Res C 123 Bannerman Egy* O 3884 Banyan Gold V 1282 Banyan Gold* O 496 Barksdale Res* O 47 400 Barksdale Res V Baroyeca Gold V 309 Baroyeca Gold* O 22 Barrick Gold T 37183 Barrick Gold* N 119421 Barsele Min* O 7 V 40 Barsele Min Baru Gold V 725 Baru Gold* O 91 Baselode Egy* O 945 Baselode Egy V 1242 Basin Uranium C 283 Batero Gold V 3 Batero Gold* O 5 Bathurst Met V 481 Bathurst Metal* O 33 Battery Min V 816 Bayhorse Silvr* O 560 Bayhorse Silvr V 572 BC Moly V 0 BCM Res V 268 BCM Res* O 92 BE Res V 0 Bear Creek Mng V 271 126 Bear Creek Mng* O Bearclaw Cap V 5 Bearing Lith V 147 Bearing Lith* O 151 Beauce Gold V 164 V 227 Bell Copper Bell Copper* O 131 Belmont Res V 956 Belo Sun Mng T 375 Belo Sun Mng* O 2291 BeMetals * O 58 BeMetals V 434 Benchmark Met* O 454 Benchmark Met V 5116 Benjamin Hill C 345 Benjamin Hill* O 16 Benton Res* O 98 Benton Res V 97 Benz Mining* O 123 Benz Mining V 213 Bessor Min V 14 Bird River Res C 8 Bitterroot Res* O 298 Bitterroot Res V 280 Black Hills* N 2495 Black Iron* O 66 Black Iron T 2020 Black Mammoth* O 4

5.17 4.68 4.78 4.02 3.57 3.64 0.00 0.00 0.20 unch 0.11 0.08 0.10 0.00 0.00 0.05 unch 0.32 0.17 0.17 0.38 0.24 0.24 0.15 0.12 0.13 0.55 0.50 0.50 0.44 0.38 0.39 0.42 0.35 0.35 0.66 0.45 0.66 + 0.21 0.00 0.21 + 0.16 0.15 0.15 26.45 24.75 25.49 20.59 19.05 19.55 0.20 0.18 0.18 0.30 0.00 0.30 + 0.08 0.07 0.07 unch 0.06 0.05 0.05 0.73 0.58 0.62 0.93 0.77 0.80 0.27 0.24 0.24 0.06 0.00 0.06 0.04 0.04 0.04 unch 0.05 0.00 0.04 0.04 0.03 0.03 0.30 0.00 0.25 0.04 0.03 0.03 0.05 0.00 0.05 unch 0.00 0.00 0.18 unch 0.26 0.20 0.20 0.20 0.10 0.17 0.00 0.00 0.20 unch 0.97 0.81 0.97 + 0.72 0.62 0.71 + 0.20 0.00 0.20 unch 0.21 0.20 0.20 0.17 0.15 0.15 0.09 0.00 0.08 0.24 0.20 0.23 + 0.18 0.15 0.17 + 0.09 0.00 0.09 + 0.34 0.27 0.32 unch 0.26 0.20 0.24 0.12 0.11 0.11 0.16 0.00 0.15 0.70 0.48 0.50 0.86 0.63 0.66 0.22 0.20 0.21 0.17 0.16 0.16 0.11 0.08 0.09 0.13 0.12 0.12 0.46 0.00 0.36 0.53 0.00 0.45 0.04 0.00 0.04 unch 0.14 0.00 0.12 0.06 0.05 0.05 + 0.07 0.06 0.07 73.49 66.42 66.81 0.07 0.05 0.05 0.09 0.06 0.07 0.14 0.12 0.12 -

0.00 0.02 0.02 0.01 0.00 0.00 0.04 0.03 0.06 0.06 0.02 0.01 0.00 0.18 0.20 0.05 0.05 0.21 0.00 0.00 0.75 0.63 0.06 0.06 0.06 0.00 0.34 0.09 0.08 0.06 0.11 0.02 0.00 0.08 0.09 0.03 0.01 0.01 0.00 0.00 0.01 0.54 0.03 0.06 0.00 0.00 0.03 0.03 0.12 0.15 0.03 0.07 0.06 0.05 1.45 1.06 0.00 0.03 0.01 0.01 0.02 0.02 0.01 0.06 0.07 0.02 0.01 0.00 0.02 0.01 0.01 0.02 0.01 0.08 0.01 0.01 0.00 0.00 0.01 0.07 0.06 0.00 0.01 0.00 0.01 0.79 0.00 0.00 0.09 0.08 0.02 0.02 0.03 0.01 0.00 0.00

0.12 0.04 0.05 0.03 0.06 0.05 0.09 0.10 0.14 0.11 0.10 0.06 0.05 0.70 0.91 0.29 0.23 1.21 0.04 0.05 3.05 2.39 0.13 0.17 0.48 0.37 4.86 3.40 0.27 0.34 0.50 0.12 0.17 0.58 0.44 0.13 0.02 0.03 0.07 0.09 0.17 4.71 0.12 0.15 0.05 0.05 0.24 0.31 0.48 0.58 0.12 0.16 0.71 0.89 8.39 6.50 0.42 0.52 0.05 0.04 0.12 0.10 0.12 0.49 0.65 0.02 0.08 0.50 0.06 0.05 0.03 0.04 0.25 0.50 0.07 0.09 0.01 0.03 0.03 0.57 0.76 0.05 0.04 0.17 0.03 4.40 0.03 0.03 1.11 0.85 0.05 0.08 0.22 0.16 0.07 0.05

B 0.54 6.39 4.21 0.50 5.07 3.30 0.00 0.23 0.12 0.02 0.12 0.04 0.00 0.22 0.04 0.13 0.40 0.02 0.14 3.10 0.20 0.03 0.33 0.09 0.07 0.57 0.23 0.05 0.46 0.19 0.04 0.54 0.22 0.13 0.70 0.26 0.01 0.50 0.16 0.01 0.49 0.12 1.40 33.50 22.30 1.48 26.07 17.27 0.02 0.57 0.18 0.07 0.76 0.23 0.00 0.13 0.06 0.01 0.10 0.04 0.13 1.23 0.32 0.17 1.54 0.40 0.01 1.08 0.21 0.01 0.13 0.05 0.00 0.09 0.04 0.02 0.16 0.05 0.01 0.53 0.03 0.03 0.85 0.24 0.01 0.20 0.03 0.00 0.22 0.04 0.00 0.40 0.08 0.05 0.35 0.10 0.03 0.34 0.07 0.00 0.20 0.20 0.07 1.96 0.81 0.01 1.60 0.62 0.00 0.29 0.18 0.01 0.44 0.14 0.02 0.35 0.11 0.01 0.27 0.07 0.03 0.73 0.11 0.01 0.58 0.09 0.01 0.11 0.05 0.00 0.88 0.27 0.00 0.73 0.20 0.03 0.31 0.10 0.01 0.40 0.14 0.13 1.05 0.54 0.14 1.34 0.70 0.01 0.67 0.16 0.01 0.50 0.14 0.02 0.20 0.07 0.01 0.24 0.12 0.10 0.69 0.35 0.11 0.85 0.44 0.00 0.09 0.02 0.03 0.22 0.11 0.00 0.14 0.04 0.02 0.18 0.06 7.59 80.95 61.95 0.02 0.39 0.05 0.02 0.48 0.06 0.02 0.18 0.06

Exc Volume

Week

12-month

Low

Last Change

High Low

Stock

0.15 0.26 0.15 0.02 0.03 0.74 0.59 0.45 0.35 0.04 0.35 0.47 0.03 0.03 0.03 0.02 0.13 0.17 0.67 0.02 0.03 0.04 0.09 1.29 0.97 0.07 0.00 0.13 0.08 0.13 0.00 0.02 1.08 0.08 0.05 0.00 0.03 0.03 0.08 0.04 0.03 0.10 0.07 0.04 0.01 0.03 0.02 0.17 0.11 0.15 0.07 0.23 0.00 0.03 0.04 8.10 0.03 0.05 0.05 0.26 0.03

0.00 0.00 0.15 0.02 0.02 0.61 0.47 0.37 0.31 0.00 0.28 0.36 0.00 0.02 0.02 0.02 0.10 0.13 0.57 0.00 0.00 0.00 0.07 0.99 0.77 0.00 0.00 0.00 0.08 0.11 0.00 0.01 0.98 0.00 0.05 0.00 0.03 0.00 0.06 0.00 0.03 0.00 0.06 0.04 0.01 0.02 0.00 0.16 0.09 0.12 0.04 0.20 0.00 0.02 0.03 7.25 0.00 0.00 0.05 0.23 0.00

0.14 0.25 0.15 0.02 + 0.03 + 0.64 0.50 0.39 0.32 0.03 0.33 + 0.47 + 0.03 0.02 0.03 + 0.02 unch 0.10 0.13 0.62 0.02 unch 0.03 0.03 0.07 0.99 0.80 0.07 + 0.05 unch 0.10 0.08 0.11 unch 0.00 0.02 1.00 0.08 + 0.05 unch 0.00 0.03 0.03 unch 0.08 unch 0.03 0.03 0.09 0.07 0.04 0.01 + 0.02 0.01 0.17 unch 0.10 + 0.15 + 0.05 0.20 0.02 unch 0.02 0.03 7.38 0.03 unch 0.05 + 0.05 + 0.25 0.03 -

0.22 0.59 0.51 0.03 0.04 1.30 1.08 1.39 1.12 0.13 0.61 0.74 0.07 0.05 0.03 0.02 0.29 0.37 0.90 0.06 0.10 0.13 0.24 2.30 1.79 0.23 0.18 0.17 0.34 0.43 0.04 0.10 1.52 0.30 0.23 0.02 0.04 0.05 0.69 0.10 0.08 0.12 0.09 0.18 0.02 0.09 0.11 0.20 0.20 0.24 0.78 0.29 0.06 0.19 0.16 12.35 0.06 0.15 0.20 0.42 0.06

Chatham Rock* O Chesapeake Gld V Chesapeake Gld* O Chevron Corp* N Chiboug Ind Mn V Chilean Metals* O Chilean Metals V China Gold Int T Churchill Res V Cipher Mining* D O Clarity Gold* Clarity Gold C Class 1 Nickel C Clean Air Met V Clean Comm* O Cleghorn Min V Cleveland-Clif* N Cliffmont Res V Clydesdale Res V O CMC Metals* V CMC Metals CMX Gold & Sil C CNRP Mng C Coast Copper V Cobalt Block V Cobalt Block* O N Coeur Mng* Colombia Crest V Colombia Crest* O Colonial Coal V Comet Inds V Commander Res V Commander Res* O Commerce Res V Commerce Res* O Compass Gold V Comstock Mng* X Comstock Mtls V Comstock Mtls * O Condor Gold* O Condor Gold T Condor Res V O Condor Res* Conquest Res * O Conquest Res V Cons Uranium* O Cons Uranium V Cons Woodjam V CONSOL Energy* N CONSOL Energy* N Constantine Mt* O Constantine Mt V Contact Gold* O Contact Gold V V CopAur Min CopAur Min* O Copper Fox Mtl* O Copper Fox Mtl V Copper Lake Rs V Copper Mtn Mng T Copper Mtn Mng* O Copper One * O Copperbank Res C Cordoba Mnls V Cordoba Mnls* O Core Assets C Cornerstone Ca V Cornerstone Ca* O Corsa Coal * O Corsa Coal V Cortus Metals V CoTec Holdings V Crest Resource C Crest Resource* O Crestview Expl C Critical Elem* O Critical Elem V Cross River* O C Cross River Crown Mining V Crown Mining* O Cruz Battery* O C Cruz Battery Currie Rose Rs V CWN M’g Acq V Cyntar Venture C Cypress Dev* O V Cypress Dev

0.03 0.01 0.07 0.00 0.01 0.08 0.07 0.06 0.01 0.01 0.03 0.08 0.02 0.01 0.01 0.00 0.03 0.03 0.02 0.00 0.00 0.01 0.01 0.33 0.22 0.01 0.00 0.04 0.00 0.00 0.00 0.01 0.09 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.01 0.01 0.00 0.00 0.02 0.81 0.00 0.01 0.00 0.02 0.01

0.08 0.25 0.15 0.01 0.02 0.60 0.46 0.37 0.25 0.03 0.26 0.33 0.02 0.01 0.01 0.00 0.10 0.13 0.31 0.02 0.02 0.03 0.07 1.00 0.78 0.05 0.05 0.07 0.07 0.10 0.00 0.01 0.93 0.06 0.04 0.00 0.02 0.03 0.06 0.04 0.03 0.07 0.05 0.02 0.00 0.01 0.01 0.02 0.09 0.12 0.02 0.11 0.01 0.02 0.03 6.11 0.01 0.04 0.00 0.17 0.03

C C2C Gold* O 75 V 1746 C3 Metals Cabral Gold* O 195 Cabral Gold V 833 345 Caledonia Mng* X Calibre Mng T 4215 601 Calibre Mng* O Califfi Cap V 5 Callinex Mines* O 55 Callinex Mines V 52 Cameco Corp* N 39357 Cameco Corp T 11893 V 54 Camino Min Camino Min* O 85 652 Canada Carbon V Canada Carbon* O 49 957 Canada Nickel V Canada Nickel* O 270 V 0 Canada One V 244 Canada Rare Canada Rare* O 214 417 Canada Silver V Canada Silver* O 320 5 Canadian Metal* O Canadian Metal C 411 Canadian Prem V 50 Canadian Silv V 183 Canagold Res T 300 Canagold Res* O 88 CanAlaska Uran V 1206 CanAlaska Uran* O 566 Canamera Energ C 0 Canasil Res V 269 Candelaria Mg V 0 543 Candente Coppr T Candente Gold* O 345 Candente Gold V 307 CANEX Metals * O 22 CANEX Metals V 564 CaNickel Mng V 0 CaNickel Mng* O 35 Canoe Mng Vent V 0 Canstar Res V 223 Canstar Res* O 241 Canterra Min* O 56 Canterra Min V 118 Cantex Mn Dev* O 30 Cantex Mn Dev V 95 Canuc Res V 270 Canuc Res* O 1 Capella Min V 311 Capella Min* O 61 Capitan Mining V 147 Capitan Mining* O 147 Capstone Mng T 12393 Cariboo Rose V 24 Carlin Gold V 0 134 Carlyle Comm* O Carrara Explor C 128 Cartier Iron C 225 Cartier Res* O 361 Cartier Res V 507 Casa Minerals V 122 3 Casa Minerals * O Cascada Silver C 485 Cascadero Copp V 2 Cassiar Gold V 956 Cassius Vents V 0 CAT Strategic C 1453 CAT Strategic* O 281 CAVU Mining* O 9 CAVU Mining C 111 Cdn Goldcamps C 4 574 Cdn Manganese CDN Maverick* O 0 Cdn Palladium C 397 Cdn Palladium* O 980 Centamin T 439 Centerra Gold T 4741 Central Afric V 183 Central Iron V 50 Centurion Mnls V 0 Century Cobalt* O 14 Century Global* O 1 Century Global T 12 Cerrado Gold V 272 Cerro de Pasc C 180 Cerro Grande* O 58 Cerro Grande C 66 Ceylon Graph V 315 Ceylon Graph* O 299 Chakana Copper V 810 Chakana Copper* O 285 Chalice Gold M* O 35 Champion Bear V 0 Champion Iron T 2510 Champion Iron* O 112 Chatham Rock V 120

(100s)

High

0.14 0.11 0.12 - 0.02 0.43 0.09 0.07 0.06 0.06 - 0.01 0.25 0.05 0.23 0.18 0.18 - 0.04 0.52 0.18 0.29 0.23 0.25 - 0.04 0.55 0.23 12.98 11.26 11.26 - 2.09 18.23 10.51 1.18 1.09 1.10 - 0.13 2.13 1.02 0.94 0.82 0.84 - 0.13 1.74 0.78 0.12 0.00 0.12 unch 0.00 0.18 0.09 1.72 1.47 1.55 - 0.23 3.90 1.47 2.21 1.94 2.05 - 0.22 4.80 1.94 24.32 20.55 20.67 - 4.86 32.49 15.34 31.23 26.81 26.92 - 5.70 41.05 19.68 0.06 0.00 0.06 - 0.01 0.18 0.04 0.05 0.05 0.05 - 0.01 0.15 0.03 0.06 0.00 0.06 + 0.01 0.18 0.04 0.04 0.04 0.04 - 0.00 0.14 0.00 1.91 1.71 1.72 - 0.21 4.01 1.72 1.51 1.31 1.33 - 0.19 3.19 1.32 0.00 0.00 0.12 unch 0.00 0.12 0.05 0.05 0.04 0.05 unch 0.00 0.10 0.04 0.04 0.03 0.04 - 0.00 0.08 0.03 0.16 0.14 0.15 - 0.01 0.46 0.14 0.14 0.11 0.12 - 0.01 0.38 0.11 0.08 0.08 0.08 - 0.00 0.30 0.00 0.10 0.09 0.09 - 0.01 0.39 0.10 0.32 0.00 0.32 unch 0.00 0.63 0.27 0.04 0.00 0.03 unch 0.00 0.10 0.03 0.28 0.25 0.28 + 0.01 0.70 0.25 0.22 0.20 0.21 - 0.01 0.55 0.20 0.39 0.29 0.31 - 0.09 0.84 0.29 0.32 0.22 0.23 - 0.08 0.67 0.22 0.00 0.00 0.34 unch 0.00 0.50 0.32 0.10 0.07 0.07 - 0.02 0.16 0.07 0.00 0.00 0.11 unch 0.00 0.64 0.11 0.16 0.14 0.14 - 0.02 0.26 0.11 0.10 0.08 0.08 - 0.02 0.12 0.04 0.11 0.00 0.10 - 0.01 0.20 0.05 0.13 0.10 0.10 - 0.05 0.20 0.07 0.16 0.13 0.13 - 0.05 0.20 0.09 0.00 0.00 0.10 unch 0.00 0.23 0.09 0.07 0.06 0.06 unch 0.00 0.17 0.06 0.00 0.00 0.06 unch 0.00 0.20 0.06 0.17 0.11 0.12 - 0.02 0.61 0.11 0.11 0.08 0.09 - 0.02 0.51 0.08 0.10 0.09 0.09 - 0.01 0.37 0.09 0.12 0.00 0.10 - 0.01 0.44 0.10 0.22 0.22 0.22 - 0.02 0.45 0.19 0.30 0.27 0.27 - 0.05 0.71 0.23 0.08 0.00 0.07 - 0.01 0.25 0.08 0.06 0.06 0.06 - 0.01 0.20 0.06 0.06 0.00 0.06 unch 0.00 0.12 0.05 0.05 0.04 0.04 - 0.01 0.10 0.01 0.38 0.30 0.30 - 0.10 0.74 0.18 0.32 0.24 0.26 - 0.07 0.65 0.13 4.66 4.21 4.35 - 0.48 7.79 4.22 0.06 0.00 0.06 + 0.01 0.08 0.04 0.00 0.00 0.02 unch 0.00 0.06 0.02 0.05 0.04 0.04 - 0.00 0.12 0.02 0.03 0.02 0.03 unch 0.00 0.03 0.02 0.06 0.06 0.06 - 0.01 0.15 0.02 0.16 0.09 0.10 - 0.01 0.26 0.01 0.13 0.12 0.12 - 0.01 0.30 0.12 0.12 0.00 0.09 - 0.05 0.31 0.09 0.10 0.10 0.10 unch 0.00 0.23 0.08 0.04 0.04 0.04 unch 0.00 0.11 0.03 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.75 0.58 0.60 - 0.14 1.48 0.35 0.00 0.00 0.05 unch 0.00 0.17 0.05 0.03 0.02 0.03 unch 0.00 0.06 0.02 0.03 0.01 0.02 + 0.00 0.06 0.01 0.17 0.00 0.17 - 0.03 1.18 0.10 0.23 0.20 0.22 - 0.03 0.70 0.20 0.37 0.00 0.37 unch 0.00 1.40 0.35 0.28 0.21 0.25 - 0.03 0.50 0.10 0.00 0.00 0.17 unch 0.00 0.25 0.15 0.07 0.06 0.06 - 0.01 0.16 0.05 0.07 0.05 0.05 - 0.01 0.13 0.04 1.32 1.15 1.27 - 0.05 1.93 1.15 10.07 9.05 9.23 - 0.92 13.52 8.46 0.05 0.00 0.05 + 0.01 0.28 0.04 0.05 0.00 0.05 unch 0.00 0.08 0.04 0.00 0.00 0.07 unch 0.00 0.07 0.07 0.04 0.03 0.04 - 0.01 0.07 0.01 0.20 0.20 0.20 + 0.08 0.33 0.12 0.14 0.00 0.14 + 0.01 0.42 0.12 1.74 1.55 1.59 - 0.09 1.96 1.23 0.27 0.24 0.25 - 0.03 0.38 0.19 0.01 0.01 0.01 + 0.00 0.03 0.00 0.02 0.01 0.01 - 0.01 0.03 0.01 0.17 0.15 0.16 - 0.03 0.27 0.12 0.13 0.11 0.12 - 0.02 0.22 0.09 0.14 0.12 0.12 - 0.02 0.45 0.11 0.10 0.09 0.09 - 0.02 0.38 0.09 3.58 2.60 2.78 - 0.72 7.69 2.60 0.00 0.00 0.15 unch 0.00 0.25 0.08 6.40 5.27 5.31 - 1.17 7.59 3.71 4.84 4.04 4.09 - 0.99 6.02 2.94 0.25 0.21 0.25 unch 0.00 0.46 0.09

Exc Volume

10 34 57 88681 155 151 2453 68 94 2075 31 55 173 703 0 0 111198 0 0 197 606 22 445 401 40 129 35739 7055 82 310 0 118 7 426 35 1 2089 1 1 41 28 753 1481 353 692 195 399 2192 24599 4380 624 473 38 249 318 200 35 635 1495 6126 417 858 398 59 13 670 34 4 506 540 0 16 69 0 93 121 1225 37 834 232 87 519 456 756 0 15 934 1096

Week High

Low

12-month

Last Change

High Low

0.20 0.16 0.16 - 0.05 0.26 0.08 2.49 2.16 2.20 - 0.29 4.56 2.16 1.98 1.66 1.72 - 0.26 3.66 1.66 172.29 145.79 148.38 - 27.02 182.40 92.86 0.15 0.12 0.12 - 0.03 0.35 0.14 0.11 0.08 0.09 - 0.02 0.23 0.08 0.14 0.10 0.12 - 0.03 0.30 0.10 4.08 3.86 3.86 - 0.22 5.45 3.02 0.23 0.00 0.23 + 0.02 0.45 0.16 1.82 1.38 1.82 + 0.18 15.39 1.29 0.12 0.08 0.09 - 0.03 0.85 0.08 0.19 0.12 0.13 - 0.05 1.06 0.11 0.29 0.23 0.26 + 0.02 0.65 0.10 0.19 0.17 0.17 - 0.02 0.33 0.17 0.00 0.00 0.08 unch 0.00 0.39 0.00 0.00 0.00 0.09 unch 0.00 0.17 0.08 18.78 16.61 17.09 - 2.55 34.04 15.81 0.00 0.00 0.10 unch 0.00 0.23 0.06 0.00 0.00 0.10 unch 0.00 0.10 0.05 0.16 0.11 0.12 - 0.02 0.21 0.03 0.17 0.15 0.16 - 0.01 0.25 0.08 0.12 0.10 0.12 + 0.02 0.12 0.05 0.10 0.09 0.09 - 0.02 0.42 0.09 0.08 0.07 0.07 - 0.01 0.16 0.07 0.03 0.00 0.02 - 0.01 0.07 0.02 0.01 0.01 0.01 + 0.00 0.05 0.01 3.87 3.22 3.42 - 0.63 10.77 3.01 0.81 0.68 0.80 + 0.12 0.97 0.10 0.59 0.56 0.57 + 0.02 0.75 0.08 1.77 1.58 1.66 - 0.17 3.73 0.50 0.00 0.00 4.00 unch 0.00 4.00 2.85 0.11 0.00 0.10 unch 0.00 0.22 0.10 0.08 0.08 0.08 unch 0.00 0.18 0.07 0.22 0.19 0.19 - 0.03 0.32 0.19 0.17 0.14 0.15 - 0.03 0.25 0.15 0.13 0.00 0.13 + 0.01 0.21 0.11 0.76 0.65 0.68 - 0.11 4.08 0.65 0.07 0.00 0.07 unch 0.00 0.11 0.07 0.06 0.06 0.06 - 0.02 0.09 0.06 0.38 0.30 0.38 + 0.03 0.70 0.30 0.46 0.00 0.45 - 0.01 0.91 0.42 0.12 0.08 0.11 - 0.01 0.24 0.08 0.09 0.06 0.08 - 0.01 0.19 0.01 0.03 0.02 0.02 - 0.01 0.16 0.02 0.04 0.00 0.04 unch 0.00 0.20 0.03 1.56 1.29 1.45 - 0.22 2.67 1.16 2.04 1.66 1.85 - 0.28 3.29 1.51 0.10 0.00 0.09 - 0.01 0.20 0.07 22.69 17.22 17.42 - 5.82 24.21 10.41 51.90 44.07 46.15 - 6.76 59.38 16.15 0.34 0.25 0.30 - 0.02 0.60 0.17 0.43 0.00 0.39 - 0.03 0.77 0.22 0.04 0.03 0.04 + 0.00 0.08 0.02 0.05 0.00 0.05 unch 0.00 0.10 0.04 0.69 0.58 0.59 - 0.10 1.70 0.59 0.54 0.43 0.45 - 0.09 1.34 0.43 0.21 0.17 0.17 - 0.03 0.40 0.15 0.26 0.20 0.23 - 0.03 0.49 0.19 0.07 0.05 0.06 - 0.02 0.21 0.04 2.44 1.95 2.06 - 0.51 4.38 2.02 1.96 1.50 1.57 - 0.45 3.45 1.52 0.05 0.02 0.02 - 0.01 0.20 0.02 0.80 0.63 0.74 - 0.03 1.00 0.35 0.70 0.00 0.55 - 0.15 0.95 0.35 0.58 0.45 0.45 - 0.13 0.77 0.01 0.60 0.44 0.59 + 0.01 0.88 0.07 3.74 3.40 3.47 - 0.36 5.28 3.40 3.00 2.21 2.67 - 0.33 4.10 0.65 0.30 0.24 0.24 - 0.06 0.87 0.18 0.37 0.31 0.32 - 0.08 1.10 0.24 0.00 0.00 0.05 unch 0.00 0.18 0.05 0.50 0.00 0.40 - 0.10 0.80 0.17 0.05 0.05 0.05 - 0.01 0.16 0.04 0.00 0.00 0.10 unch 0.00 0.17 0.04 0.17 0.13 0.15 - 0.02 0.49 0.13 1.19 0.97 1.11 + 0.13 1.65 0.87 1.55 1.25 1.46 + 0.21 1.98 1.13 0.19 0.03 0.05 - 0.05 0.31 0.03 0.06 0.04 0.04 - 0.02 0.21 0.05 0.05 0.00 0.05 unch 0.00 0.21 0.04 0.05 0.03 0.04 + 0.00 0.18 0.03 0.13 0.10 0.12 - 0.01 0.27 0.06 0.18 0.14 0.14 - 0.02 0.34 0.09 0.03 0.00 0.03 - 0.01 0.15 0.03 0.00 0.00 0.08 unch 0.00 0.10 0.07 0.37 0.00 0.37 + 0.02 0.99 0.32 0.93 0.78 0.81 - 0.10 2.13 0.73 1.16 1.00 1.06 - 0.11 2.61 0.91

D-F Dajin Lithium* O 44 Dajin Res V 35 Damara Gold V 247 Danakali* O 103 Decade Res V 1301 Decade Res* O 125 Deep-South Res* O 84 Deep-South Res V 343 DeepRock Min C 481 Defense Metals* O 642 Defense Metals V 1089 Defiance Silvr V 839 Defiance Silvr* O 722 Delrand Res V 22 Denarius Metal V 7349 Denison Mines T 13457 Denison Mines* X 39984 Desert Gold* O 69 Desert Gold V 177 Desert Mtn Egy V 298 Diamante Min* O 76 Diamcor Mng V 254 Diamcor Mng* O 273 Diamond Fields V 0 Dios Expl V 25 Discovery Harb* O 605 Discovery Harb V 100 Discovery Silv V 2905 Discovery Silv* O 470 Discovery-Corp V 2 District Cop* O 2 District Cop V 26 District Metal* O 110 416 District Metal V District Mines V 0 Dixie Gold V 17 21 DLP Resouces V Dolly Vard Sil V 1162 Dolly Vard Sil* O 319 Dore Copper V 44 Doubleview Gld V 1183 Doubleview Gld* O 38 DRDGOLD* N 1399 Dundee Prec Mt T 2840 Durango Res* O 263 V 174 Durango Res DV Resources V 0 Dynacor Gld Mn T 171 Dynacor Gld Mn* O 23 DynaResource* O 35 Dynasty Gold V 22 Dynasty Gold* O 105 E2Gold Inc V 225 E2Gold Inc* O 620 E3 Metals* O 133 E3 Metals V 433 E79 Resources C 183 E79 Resources* O 12 Eagle Graphite V 7 Eagle Graphite* O 26 Eagle Plains V 358 Earl Res V 0 East Africa * O 2 V 12 East Africa Eastern Platin T 72 Eastern Platin* O 23 Eastfield Res V 43 Eastfield Res* O 41 Eco Oro Min C 41 Eco Oro Min* O 27 Edgemont Gold C 205

0.53 0.62 0.05 0.20 0.03 0.02 0.04 0.06 0.04 0.17 0.22 0.38 0.31 0.06 0.25 1.47 1.14 0.09 0.10 2.93 4.30 0.26 0.21 0.00 0.06 0.01 0.02 1.60 1.21 0.08 0.11 0.13 0.10 0.13 0.00 0.11 0.20 0.68 0.52 0.56 0.31 0.23 6.63 7.67 0.07 0.08 0.00 3.04 2.35 1.95 0.15 0.12 0.06 0.05 1.39 1.81 0.30 0.24 0.14 0.06 0.17 0.00 0.17 0.25 0.23 0.18 0.07 0.05 0.09 0.07 0.05

0.40 0.00 0.00 0.18 0.00 0.02 0.04 0.00 0.03 0.14 0.18 0.32 0.24 0.00 0.00 1.26 0.98 0.09 0.00 2.46 0.00 0.20 0.15 0.00 0.00 0.01 0.00 1.29 1.00 0.00 0.11 0.00 0.07 0.10 0.00 0.00 0.00 0.61 0.46 0.00 0.27 0.21 6.13 7.07 0.05 0.07 0.00 2.74 2.05 1.71 0.00 0.11 0.05 0.04 1.24 1.59 0.21 0.00 0.00 0.06 0.16 0.00 0.16 0.00 0.00 0.00 0.00 0.04 0.00 0.06 0.00

0.44 0.56 0.05 0.18 0.03 0.02 unch 0.04 0.05 0.03 0.15 0.18 0.34 0.27 0.05 + 0.25 unch 1.33 1.00 0.09 unch 0.09 2.57 4.30 + 0.20 0.15 0.19 unch 0.06 unch 0.01 unch 0.02 unch 1.59 + 1.20 + 0.08 unch 0.11 unch 0.12 0.07 0.12 0.10 unch 0.10 0.20 0.68 unch 0.51 0.50 0.28 0.22 6.38 7.18 0.06 + 0.08 unch 0.08 unch 2.97 2.25 1.85 unch 0.15 0.12 unch 0.05 0.04 1.28 1.69 0.23 0.20 0.12 0.06 unch 0.16 0.45 unch 0.17 + 0.25 + 0.23 unch 0.18 0.05 0.05 0.08 0.06 0.05 -

0.04 0.08 0.01 0.02 0.01 0.00 0.00 0.01 0.01 0.03 0.05 0.05 0.03 0.01 0.00 0.21 0.22 0.00 0.01 0.36 0.05 0.07 0.05 0.00 0.00 0.00 0.00 0.20 0.12 0.00 0.00 0.01 0.04 0.02 0.00 0.02 0.01 0.00 0.01 0.05 0.02 0.01 0.41 0.61 0.00 0.00 0.00 0.03 0.06 0.00 0.01 0.00 0.01 0.00 0.14 0.19 0.07 0.02 0.01 0.00 0.02 0.00 0.01 0.01 0.00 0.01 0.02 0.00 0.01 0.01 0.01

2.45 1.31 0.11 0.42 0.06 0.05 0.12 0.15 0.10 0.28 0.36 0.94 0.77 0.08 0.73 2.64 2.14 0.15 0.19 4.95 7.88 0.52 0.43 0.30 0.13 0.10 0.11 2.55 2.08 0.11 0.34 0.45 0.53 0.42 0.35 0.34 0.32 0.88 0.70 0.99 1.18 1.22 11.96 9.65 0.08 0.09 0.13 3.50 2.80 2.45 0.26 0.17 0.30 0.24 2.82 3.49 1.57 1.25 0.22 0.16 0.19 0.45 0.27 0.45 0.37 0.30 0.10 0.09 0.20 0.16 0.30

0.00 0.50 0.04 0.18 0.02 0.01 0.03 0.04 0.03 0.14 0.18 0.32 0.24 0.02 0.22 1.17 0.92 0.06 0.08 1.65 3.74 0.20 0.15 0.16 0.04 0.01 0.02 1.14 0.88 0.07 0.09 0.11 0.07 0.10 0.08 0.09 0.17 0.42 0.33 0.50 0.20 0.16 6.12 6.99 0.03 0.04 0.07 2.37 1.90 0.10 0.13 0.11 0.05 0.04 1.24 1.53 0.25 0.14 0.10 0.00 0.14 0.45 0.16 0.14 0.22 0.17 0.05 0.04 0.07 0.06 0.05

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

Edgewater Expl V Edison Battery* O Edison Battery V EEE Explor C El Nino Vent V El Nino Vent* O Elcora Adv Mat V O Elcora Res* Eldorado Gold* N Eldorado Gold T Element 29* O Element79 C Elevation Gold* O Elevation Gold V V Eloro Res Eloro Res* O Elysee Dev V Elysee Dev * O Emerita Res V O Emerita Res* Emgold Mining* O Emgold Mining V Eminent Gold V Eminent Gold* O EMP Metals* O EMP Metals C Emperor Metals C V EMX Royalty EMX Royalty* X Encanto Potash V EnCore Energy V Endeavour Mng T Endeavr Silver* N Endeavr Silver T Endurance Gold* O Endurance Gold V Enduro Metals V Enduro Metals* O T Energy Fuels Energy Fuels* X Engineer Gold V Engold Mines V Engold Mines* O Entree Res* O Entree Res T Equinox Gold* X Equinox Gold T Equity Metals* O Equity Metals V Erdene Res Dev T Erdene Res Dev* O Erin Ventures* O Erin Ventures V Ero Copper T Ero Copper* N Eros Res Corp* O Eros Res Corp V Eros Res Corp V Eskay Mng* O V Eskay Mng Essex Minerals V Essex Minerals* O Ethos Gold* O Ethos Gold V C Etruscus Res Etruscus Res* O Euro Manganese* O Euro Manganese V T Euro Sun Mg Euro Sun Mg* O EurOmax Res T EurOmax Res* O European Elect V European Elect* O European Metal* O V Evergold O Evergold* EVI Global Grp C Evolving Gold* O V Evrim Res T Excellon Res Excellon Res* X Excelsior Mng* O Excelsior Mng T ExGen Res Inc V Exploits Disc* O Fabled Silver V Fabled Silver* O Fairchild Gold V V Falco Res Falco Res * O V Falcon Gold Falcon Gold* O Fancamp Expl V Fathom Nickel C Fathom Nickel* O FenixOro Gold* O FenixOro Gold C Fidelity Min* O Fidelity Min V Filo Mg Corp T Filo Mg Corp * O Finlay Minrls V FireFox Gold* O FireFox Gold V Firestone Vent V Fireweed Zinc* O Fireweed Zinc V First Cobalt V First Energy C First Energy* O First Idaho V First Majestic* N First Majestic T First Mg Fin T First Mg Fin * O First Point* O First Quantum T First Tellur C First Tellur* O Fission 3.0 V Fission 3.0* O Fission Uran* O Fission Uran T Five Star Diam V Five Star Diam* O Fjordland Exp* O Fjordland Exp V Flow Metals C Focus Graphite* O Focus Graphite V Fokus Mining V Foran Mining* O Foran Mining V Foremost Lith* O Foremost Lith C Forsys Metals T Fort St James V Fortescue Met* O Fortuna Silvr T Fortuna Silvr* N Fortune Bay V Fortune Bay* O Fortune Min* O Fortune Min T Forty Pillars C Forum Energy* O Forum Energy V Fosterville V Founders Metal V Four Nines C Fox River Res C FPX Nickel V Franco-Nevada* N Franco-Nevada T Franklin Mng* O Fredonia Mg V Freegold Vent T Freeman Gold* O Freeport McMoR* N Freeport Res V Fremont Gold V Fresnillo plc* O Frontier Lith V Frontline Gold V Full Metal Mnl V Fury Gold T Fury Gold* X Fuse Cobalt* O Fuse Cobalt V

2 638 456 1500 4 33 413 73 13103 2775 6 101 153 310 656 208 63 1 1228 194 24 208 65 14 22 612 65 61 461 397 3512 3128 17863 2032 883 600 732 260 4206 22410 68 39 6 54 116 13375 2938 328 950 352 78 109 155 1568 488 1 0 0 215 769 94 0 73 127 152 31 186 277 542 87 1 29 9 6 25 191 11 2857 6 284 91 113 131 285 136 230 368 80 0 184 10 355 425 85 260 39 111 60 1 225 4436 146 127 87 331 100 25 358 189 734 113 0 34671 4107 1649 1478 701 16322 194 337 1631 616 1178 8138 13 42 100 98 1 323 1644 127 42 873 130 1983 894 53 29 4453 32882 18 16 173 414 652 996 878 175 14 17 68 335 4237 3724 235 0 653 462 113316 111 14 17 1965 134 0 87 565 229 473

THE NORTHERN MINER / JUNE 27 — JULY 10, 2022

Week High

Low

Last Change

12-month High Low

0.14 0.00 0.14 - 0.01 0.22 0.14 0.08 0.07 0.07 - 0.00 1.00 0.01 0.10 0.09 0.09 - 0.01 0.23 0.05 0.10 0.10 0.10 unch 0.00 0.25 0.10 0.03 0.00 0.03 - 0.01 0.05 0.02 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.05 0.04 0.04 - 0.01 0.15 0.04 0.04 0.00 0.03 - 0.01 0.12 0.03 8.11 7.10 7.33 - 1.00 12.49 7.10 10.41 9.21 9.53 - 1.13 15.73 9.21 0.31 0.29 0.29 - 0.01 0.59 0.23 0.55 0.47 0.50 - 0.08 1.65 0.47 0.19 0.15 0.17 + 0.00 1.89 0.15 0.23 0.20 0.22 + 0.01 2.19 0.19 4.14 3.40 3.99 + 0.38 5.44 3.06 3.19 2.65 3.10 + 0.30 4.46 2.40 0.69 0.61 0.65 - 0.04 0.88 0.58 0.55 0.55 0.55 unch 0.00 0.74 0.49 1.47 1.32 1.33 - 0.13 4.14 0.89 1.12 1.01 1.03 - 0.13 3.35 0.72 0.12 0.00 0.12 - 0.00 0.16 0.11 0.16 0.00 0.16 + 0.02 0.70 0.14 0.50 0.44 0.50 unch 0.00 0.95 0.42 0.45 0.00 0.33 - 0.12 1.00 0.35 0.38 0.00 0.33 - 0.05 1.00 0.20 0.48 0.38 0.41 - 0.06 0.71 0.22 0.20 0.00 0.20 + 0.06 0.29 0.08 2.72 2.42 2.44 - 0.28 4.00 2.25 2.08 1.86 1.87 - 0.28 3.22 1.72 0.05 0.04 0.05 + 0.01 0.21 0.04 1.30 1.11 1.14 - 0.15 2.27 0.95 29.86 27.32 28.29 - 2.45 35.94 25.61 3.76 3.35 3.49 - 0.48 7.41 3.06 4.82 4.35 4.53 - 0.52 9.02 3.99 0.29 0.25 0.27 - 0.05 0.37 0.15 0.36 0.00 0.36 - 0.05 0.45 0.19 0.23 0.19 0.20 - 0.03 0.32 0.18 0.17 0.15 0.16 - 0.02 0.25 0.14 7.71 6.62 6.83 - 1.25 14.33 5.55 6.00 5.09 5.25 - 1.10 11.39 4.32 0.03 0.00 0.03 unch 0.00 0.06 0.03 0.21 0.00 0.21 + 0.03 0.40 0.17 0.15 0.14 0.14 - 0.01 0.52 0.01 0.66 0.61 0.65 - 0.05 0.95 0.57 0.86 0.00 0.85 - 0.05 1.19 0.71 5.95 5.25 5.39 - 0.72 9.08 5.25 7.63 6.81 6.99 - 0.81 11.46 6.81 0.07 0.05 0.06 - 0.02 0.19 0.06 0.10 0.07 0.07 - 0.03 0.24 0.07 0.39 0.33 0.34 - 0.06 0.50 0.33 0.30 0.26 0.27 - 0.05 0.41 0.26 0.05 0.05 0.05 - 0.01 0.14 0.03 0.07 0.00 0.07 + 0.01 0.17 0.05 13.83 11.72 12.51 - 1.80 26.75 11.72 10.75 9.04 9.62 - 1.57 21.70 9.04 0.06 0.06 0.06 - 0.00 0.10 0.06 0.00 0.00 0.09 unch 0.00 0.14 0.08 0.00 0.00 0.09 unch 0.00 0.14 0.08 1.59 1.25 1.59 + 0.08 2.93 1.25 2.12 1.61 2.02 + 0.11 3.55 1.61 0.04 0.00 0.03 unch 0.00 0.21 0.03 0.00 0.00 0.03 unch 0.00 0.14 0.03 0.30 0.24 0.26 - 0.04 0.57 0.14 0.38 0.32 0.33 - 0.04 1.80 0.34 0.11 0.08 0.09 - 0.03 0.38 0.10 0.07 0.07 0.07 unch 0.00 0.30 0.07 0.21 0.00 0.18 - 0.04 0.68 0.18 0.28 0.20 0.23 - 0.05 0.72 0.20 0.16 0.14 0.14 - 0.03 0.44 0.14 0.12 0.11 0.11 - 0.02 0.37 0.11 0.00 0.00 0.06 unch 0.00 0.12 0.06 0.04 0.04 0.04 unch 0.00 0.08 0.04 0.07 0.00 0.07 + 0.01 0.23 0.04 0.05 0.04 0.05 + 0.01 0.19 0.04 0.02 0.02 0.02 - 0.00 0.11 0.02 0.10 0.00 0.09 - 0.01 0.33 0.08 0.07 0.00 0.06 - 0.02 0.33 0.01 0.03 0.02 0.02 unch 0.00 0.12 0.02 0.31 0.31 0.31 unch 0.00 0.76 0.03 0.46 0.39 0.41 - 0.05 0.58 0.33 0.70 0.63 0.66 - 0.04 3.30 0.62 0.55 0.49 0.50 - 0.03 2.69 0.49 0.18 0.16 0.16 - 0.02 0.53 0.16 0.23 0.21 0.21 - 0.01 0.66 0.21 0.08 0.00 0.07 - 0.02 0.14 0.06 0.17 0.14 0.15 - 0.03 1.33 0.14 0.09 0.08 0.08 unch 0.00 0.20 0.07 0.07 0.06 0.06 - 0.01 0.15 0.05 0.00 0.00 0.12 unch 0.00 0.20 0.10 0.30 0.00 0.29 - 0.02 0.47 0.22 0.25 0.11 0.21 - 0.02 0.37 0.11 0.09 0.08 0.09 unch 0.00 0.13 0.06 0.10 0.06 0.07 + 0.00 0.15 0.04 0.14 0.00 0.13 unch 0.00 0.16 0.09 0.26 0.20 0.26 + 0.03 0.69 0.15 0.20 0.16 0.20 + 0.02 0.44 0.13 0.14 0.00 0.14 - 0.00 0.32 0.12 0.18 0.17 0.17 - 0.02 0.40 0.15 0.07 0.07 0.07 unch 0.00 0.11 0.07 0.11 0.00 0.10 - 0.01 0.13 0.05 24.50 19.89 20.46 - 4.54 27.37 7.81 19.00 15.35 15.74 - 3.81 21.10 6.07 0.09 0.00 0.08 + 0.01 0.20 0.06 0.13 0.10 0.10 - 0.01 0.35 0.09 0.16 0.12 0.13 - 0.02 0.40 0.12 0.08 0.00 0.08 - 0.02 0.24 0.06 0.53 0.50 0.51 - 0.03 0.73 0.39 0.69 0.65 0.67 - 0.01 0.91 0.50 4.80 4.02 4.23 - 0.57 7.65 4.16 0.15 0.13 0.15 + 0.01 0.39 0.13 0.12 0.09 0.11 unch 0.00 0.32 0.09 0.00 0.00 0.09 unch 0.00 0.10 0.09 8.50 7.57 7.92 - 0.99 18.48 7.24 10.91 9.82 10.29 - 1.06 22.52 9.46 0.25 0.22 0.24 - 0.02 0.50 0.21 0.20 0.17 0.18 - 0.01 0.42 0.16 0.56 0.45 0.47 - 0.07 0.75 0.05 32.98 27.02 28.74 - 5.51 45.38 20.67 0.17 0.12 0.15 - 0.03 0.71 0.05 0.14 0.10 0.11 - 0.01 1.00 0.02 0.10 0.08 0.09 - 0.01 0.30 0.08 0.07 0.06 0.07 + 0.00 0.24 0.06 0.59 0.47 0.48 - 0.13 1.00 0.35 0.75 0.61 0.63 - 0.16 1.25 0.45 0.03 0.00 0.03 unch 0.00 0.07 0.03 0.03 0.02 0.02 - 0.00 0.05 0.02 0.05 0.05 0.05 - 0.00 0.11 0.05 0.09 0.00 0.07 - 0.02 0.14 0.07 0.00 0.00 0.02 unch 0.00 0.07 0.02 0.03 0.03 0.03 - 0.29 0.97 0.26 0.35 0.04 0.30 - 0.11 1.20 0.35 0.07 0.00 0.07 unch 0.00 0.22 0.06 1.98 1.77 1.80 - 0.27 2.42 1.45 2.56 2.30 2.39 - 0.27 3.09 1.85 0.15 0.13 0.14 - 0.01 0.42 0.07 0.21 0.18 0.18 - 0.02 0.44 0.10 0.62 0.49 0.52 - 0.17 1.30 0.39 0.10 0.00 0.10 - 0.02 0.50 0.10 14.50 0.00 12.88 - 2.04 19.55 10.25 4.47 3.88 4.00 - 0.68 8.00 3.48 3.49 2.99 3.07 - 0.58 6.57 2.66 0.47 0.00 0.43 - 0.04 0.85 0.38 0.38 0.00 0.33 - 0.03 0.68 0.00 0.08 0.07 0.07 - 0.00 0.13 0.06 0.10 0.09 0.10 unch 0.00 0.16 0.09 0.09 0.07 0.09 + 0.02 0.56 0.07 0.10 0.07 0.09 - 0.01 0.47 0.08 0.12 0.10 0.12 - 0.01 0.56 0.10 0.48 0.39 0.43 - 0.04 1.67 0.38 0.40 0.00 0.40 unch 0.00 0.55 0.26 0.62 0.55 0.60 + 0.01 0.79 0.44 0.41 0.38 0.38 - 0.06 0.82 0.25 0.68 0.58 0.59 - 0.09 0.96 0.42 143.99 135.18 139.00 - 7.80 169.32 124.95 184.85 175.29 181.03 - 6.46 216.32 158.27 0.02 0.01 0.01 - 0.00 0.04 0.01 0.00 0.00 0.16 unch 0.00 0.37 0.13 0.36 0.31 0.33 - 0.03 0.71 0.31 0.35 0.30 0.30 - 0.06 0.47 0.24 38.52 33.42 33.82 - 6.39 51.99 30.02 0.06 0.00 0.06 - 0.01 0.25 0.05 0.13 0.00 0.13 - 0.01 0.35 0.12 10.00 9.25 9.75 + 0.68 13.38 8.35 2.55 2.22 2.27 - 0.19 3.89 0.73 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.00 0.00 0.12 unch 0.00 0.51 0.09 0.80 0.74 0.74 - 0.04 1.55 0.72 0.62 0.56 0.58 - 0.04 1.28 0.56 0.04 0.03 0.04 + 0.00 0.09 0.03 0.05 0.04 0.05 unch 0.00 0.11 0.04

(100s) Stock

Exc Volume

Week High

Low

12-month

Last Change

High Low

G-H G2 Goldfields* O 23 G2 Goldfields V 284 Gabriel Res V 474 Gabriel Res* O 30 1271 Galane Gold * O Galane Gold V 825 Galantas Gold* O 74 49 Galantas Gold V Galiano Gold T 36 Galiano Gold* X 1733 Galleon Gold V 145 Galore Res V 10 Galway Gold * O 60 Galway Gold V 17 Galway Mtls* O 27 Galway Mtls V 221 Gambier Gold V 726 10 Gambier Gold* O Garibaldi Res * O 85 Garibaldi Res V 383 Gatos Silver T 215 N 4772 Gatos Silver* GCM Mining T 2432 GCM Mining* O 374 285 General Gold C 919 Generation Min T Generation Min* O 207 Generic Gold C 28 Genesis Mtls* O 257 V 612 Genesis Mtls Gensource Pot V 1167 V 0 Gentor Res Geomega Res V 857 Geomega Res* O 120 Getchell Gold C 621 433 Getchell Gold * O 48 Getty Copper V GFG Resources V 452 347 GFG Resources* O GFM Res V 0 V 4 GGL Res GGL Res* O 30 O 0 GGX Gold* GGX Gold V 6 V 345 Giga Metals Giga Metals* O 202 600 Gitennes Expl V Giyani Gold* O 258 Giyani Gold V 789 59 GK Resources V Glacier Lake* O 20 V 7 Glacier Lake Gladiator Met V 0 Glen Eagle Res* O 64 Glen Eagle Res V 878 351 Glencore Plc * O Glencore Plc* O 3353 Global Atomic* O 858 Global Atomic T 2139 67 Global Battery V 80 Global Battery* O Global Energy* O 175 Global Energy V 23 C 476 Global Li-Ion Global Li-Ion* O 106 322 GlobalMin Vent* O Globex Mng* O 182 T 205 Globex Mng GMV Minerals V 212 GMV Minerals* O 121 C 20 Go Cobalt O 10 Go Cobalt* GobiMin V 0 GoGold Res T 3448 C 40 Golcap Res Gold Basin Res* O 21 Gold Bull Res* O 1310 Gold Bull Res V 5078 O 3 Gold Fields* Gold Fields* N 65006 Gold Finder Ex V 2433 80 Gold Finder Ex* O 118 Gold Hunter Rs C Gold Line Res V 1857 Gold Lion Res* O 114 130 Gold Lion Res C 503 Gold Mountain* O Gold Mountain T 1118 Gold Port C 508 46 Gold Reserve V Gold Reserve* O 125 Gold Resource* X 6965 Gold Royalty* X 1762 Gold State Res* O 1016 Gold State Res V 1342 Gold Std Vents T 3329 Gold Std Vents* X 5788 Gold’n Futures C 337 Gold79 Mines V 559 Gold79 Mines* O 18 Goldbank Mng V 0 Goldcliff Res* O 45 V 110 Goldcliff Res Golden Arrow* O 79 Golden Arrow V 232 Golden Dawn Ml* O 12 Golden Dawn Ml V 264 6 Golden Goliath* O Golden Goliath V 188 V 5 Golden Harp Golden Hope V 918 Golden Hope* O 34 Golden Indepen C 511 Golden Indepe* O 471 C 562 Golden Lake Golden Mnls T 58 Golden Mnls* X 1803 Golden Pursuit* O 0 212 Golden Pursuit V Golden Ridge V 51 Golden Secret V 205 Golden Share V 0 Golden Spike C 1497 Golden Star* O 0 Golden Tag V 263 O 144 Golden Tag* Goldex Res* O 3 Goldex Res V 50 Goldflare Expl V 50 Goldgroup Mng* O 49 Goldgroup Mng T 327 GoldHaven Res* O 168 Goldhills Hldg V 261 Goldhills Hldg* O 5 GoldMining T 1683 GoldON Res V 66 GoldON Res* O 75 Goldplay Min V 225 GoldQuest Mng V 1028 Goldrea Res C 182 Goldrea Res* O 22 Goldrich Mng* O 711 Goldseek Res C 22 Goldseek Res* O 3 Goldshore Res* O 191 Goldshore Res V 339 Goldsource Min* O 38 Goldsource Min V 217 Goldstar Mnls* O 1 Goldstar Mnls V 2 Goliath Res* O 222 Goliath Res V 245 Gossan Res V 16 GoviEx Uranium* O 965 GoviEx Uranium V 4836 Gowest Gold V 123 GPM Metals* O 2 GPM Metals V 68 GR Silver* O 2734 GR Silver V 2719 Granada Gold* O 29 Granada Gold V 404 Grande Portage* O 99 Grande Portage V 241 Granite Creek V 542 Granite Creek* O 100 Graphano Egy V 23 Graphite One V 141

0.51 0.65 0.25 0.19 0.09 0.12 0.40 0.54 0.56 0.46 0.40 0.02 0.13 0.12 0.33 0.44 0.04 0.03 0.29 0.38 4.24 3.39 4.08 3.17 0.20 0.67 0.53 0.23 0.10 0.13 0.25 0.00 0.25 0.20 0.48 0.37 0.06 0.15 0.11 0.00 0.10 0.08 0.00 0.10 0.31 0.24 0.03 0.30 0.38 0.16 0.10 0.13 0.00 0.04 0.06 6.03 12.08 2.32 2.99 0.16 0.11 0.14 0.18 0.07 0.04 0.06 0.94 1.21 0.10 0.08 0.15 0.12 0.00 2.50 0.20 0.18 0.12 0.19 9.72 10.05 0.03 0.02 0.26 0.33 0.05 0.06 0.52 0.66 0.10 1.14 0.97 2.12 3.10 0.03 0.04 0.57 0.44 0.03 0.04 0.04 0.00 0.11 0.15 0.12 0.17 0.07 0.11 0.03 0.04 0.15 0.08 0.07 0.06 0.05 0.14 0.50 0.40 0.00 0.12 0.13 3.56 0.00 0.40 2.00 0.22 0.17 0.06 0.07 0.05 0.02 0.03 0.07 0.20 0.16 1.54 0.14 0.07 0.06 0.24 0.03 0.03 0.04 0.07 0.06 0.33 0.40 0.48 0.66 0.03 0.06 0.75 0.98 0.13 0.25 0.31 0.13 0.07 0.09 0.15 0.20 0.04 0.05 0.26 0.33 0.12 0.09 0.30 1.47

0.43 0.57 0.00 0.16 0.07 0.10 0.33 0.00 0.50 0.36 0.00 0.00 0.13 0.00 0.30 0.39 0.00 0.03 0.25 0.33 3.69 2.85 3.66 2.82 0.17 0.54 0.42 0.00 0.09 0.00 0.20 0.00 0.17 0.16 0.39 0.30 0.00 0.13 0.10 0.00 0.00 0.08 0.00 0.00 0.29 0.22 0.00 0.28 0.36 0.00 0.08 0.00 0.00 0.04 0.00 5.60 11.16 2.02 2.62 0.14 0.10 0.12 0.16 0.05 0.04 0.05 0.77 1.00 0.00 0.06 0.00 0.12 0.00 2.25 0.20 0.14 0.08 0.11 9.64 9.10 0.03 0.02 0.00 0.03 0.03 0.04 0.36 0.48 0.08 0.00 0.74 1.80 2.73 0.03 0.03 0.50 0.34 0.03 0.00 0.03 0.00 0.10 0.00 0.11 0.16 0.06 0.00 0.02 0.00 0.00 0.06 0.05 0.05 0.04 0.11 0.47 0.36 0.00 0.10 0.00 3.14 0.00 0.00 0.00 0.20 0.15 0.00 0.00 0.00 0.02 0.03 0.05 0.00 0.16 1.41 0.00 0.07 0.00 0.18 0.00 0.03 0.03 0.06 0.06 0.26 0.35 0.00 0.57 0.00 0.00 0.68 0.88 0.00 0.18 0.23 0.09 0.07 0.00 0.11 0.15 0.03 0.00 0.20 0.26 0.10 0.07 0.00 1.23

0.47 0.62 + 0.23 + 0.18 + 0.08 0.10 0.36 0.50 0.52 0.36 0.35 0.02 unch 0.13 unch 0.12 0.33 0.43 + 0.03 0.03 0.27 0.33 3.77 2.93 3.75 2.90 0.18 0.58 0.46 0.23 unch 0.09 0.12 0.20 0.06 unch 0.22 0.17 0.45 + 0.34 + 0.06 unch 0.13 0.11 0.07 unch 0.10 0.08 0.08 unch 0.07 0.31 unch 0.22 0.02 0.30 + 0.37 0.15 unch 0.08 unch 0.11 unch 0.15 unch 0.04 + 0.06 + 5.69 11.29 2.09 2.75 0.15 unch 0.11 0.13 0.16 0.06 0.04 0.05 unch 0.80 1.04 0.09 0.07 0.15 0.12 unch 0.20 unch 2.47 0.20 + 0.14 0.11 + 0.14 + 9.64 9.93 0.03 + 0.02 + 0.23 0.29 0.03 0.05 unch 0.37 0.48 0.08 0.96 0.74 1.80 2.73 0.03 0.03 unch 0.50 + 0.34 0.03 + 0.04 unch 0.03 + 0.10 unch 0.11 0.12 0.12 0.16 0.06 0.08 0.02 0.04 0.15 unch 0.07 0.05 0.05 0.04 0.14 + 0.48 0.36 0.12 unch 0.12 + 0.12 3.54 0.09 unch 0.40 + 2.00 unch 0.21 0.17 0.05 + 0.06 0.05 + 0.02 0.03 unch 0.06 0.15 unch 0.16 unch 1.46 0.14 unch 0.07 unch 0.06 + 0.19 0.03 0.03 unch 0.04 0.07 + 0.06 unch 0.27 0.35 0.48 + 0.61 + 0.03 0.06 unch 0.74 0.94 0.12 0.19 0.25 0.11 0.07 unch 0.09 0.12 0.16 0.03 0.05 unch 0.20 0.27 0.11 0.08 0.28 1.34 -

0.02 0.65 0.32 0.02 0.83 0.39 0.02 0.34 0.17 0.01 0.27 0.12 0.02 0.19 0.08 0.02 0.24 0.10 0.05 0.65 0.26 0.01 0.86 0.34 0.04 1.46 0.48 0.09 1.21 0.37 0.05 1.20 0.35 0.00 0.03 0.02 0.00 0.18 0.08 0.04 0.23 0.10 0.00 0.79 0.29 0.02 1.00 0.37 0.01 0.25 0.03 0.00 0.21 0.01 0.02 0.53 0.05 0.03 0.65 0.21 0.74 24.93 3.45 0.60 20.00 2.68 0.45 6.13 3.66 0.39 4.96 2.82 0.03 0.60 0.16 0.08 1.17 0.54 0.07 0.94 0.42 0.00 0.56 0.14 0.01 0.17 0.06 0.01 0.20 0.08 0.05 0.48 0.20 0.00 0.14 0.06 0.03 0.37 0.17 0.03 0.30 0.16 0.07 0.81 0.37 0.04 0.63 0.28 0.00 0.09 0.03 0.01 0.22 0.12 0.00 0.18 0.10 0.00 0.15 0.07 0.03 0.20 0.10 0.02 0.14 0.01 0.00 0.17 0.08 0.04 0.21 0.07 0.00 0.60 0.26 0.02 0.49 0.20 0.01 0.11 0.02 0.00 0.56 0.18 0.01 0.61 0.28 0.00 0.30 0.15 0.00 0.42 0.08 0.00 0.40 0.11 0.00 0.44 0.15 0.00 0.13 0.04 0.01 0.18 0.04 0.60 7.00 3.98 1.23 14.00 7.91 0.28 4.07 1.81 0.29 5.10 2.30 0.00 0.39 0.13 0.01 0.32 0.10 0.01 0.25 0.12 0.01 0.31 0.15 0.01 0.12 0.05 0.00 0.10 0.01 0.00 0.50 0.01 0.14 1.34 0.71 0.16 1.69 0.90 0.01 0.44 0.09 0.00 0.35 0.06 0.01 0.85 0.13 0.00 0.57 0.09 0.00 0.26 0.19 0.10 3.79 2.03 0.01 1.26 0.15 0.06 0.39 0.13 0.03 0.42 0.07 0.05 0.50 0.09 0.08 16.97 8.22 0.26 17.20 7.75 0.01 0.16 0.02 0.00 0.12 0.02 0.02 0.55 0.20 0.11 3.55 0.25 0.02 0.16 0.03 0.00 0.19 0.04 0.16 1.96 0.39 0.18 2.35 0.49 0.01 0.16 0.09 0.06 2.22 0.82 0.16 1.79 0.61 0.29 2.80 1.50 0.37 7.08 2.75 0.00 0.17 0.03 0.00 0.20 0.02 0.02 0.74 0.42 0.06 0.60 0.31 0.01 0.15 0.03 0.00 0.09 0.04 0.00 0.10 0.03 0.00 0.19 0.07 0.01 0.14 0.05 0.01 0.18 0.07 0.01 0.16 0.11 0.02 0.21 0.14 0.01 0.24 0.06 0.01 0.31 0.07 0.02 0.09 0.01 0.01 0.08 0.04 0.00 0.21 0.14 0.02 0.36 0.06 0.02 0.29 0.05 0.01 0.28 0.05 0.01 0.23 0.04 0.03 0.41 0.10 0.02 0.89 0.41 0.03 0.74 0.31 0.00 0.12 0.09 0.03 0.20 0.09 0.01 0.41 0.11 0.10 5.30 2.70 0.00 0.18 0.08 0.20 0.49 0.20 0.00 2.99 0.70 0.02 0.41 0.20 0.01 0.33 0.15 0.01 0.56 0.00 0.01 0.10 0.06 0.01 0.20 0.04 0.00 0.06 0.02 0.00 0.08 0.03 0.01 0.47 0.05 0.00 0.32 0.15 0.00 0.26 0.16 0.07 2.59 1.24 0.00 0.32 0.13 0.00 0.64 0.02 0.01 0.19 0.05 0.06 0.36 0.11 0.01 0.05 0.03 0.00 0.04 0.02 0.01 0.10 0.03 0.01 0.20 0.06 0.00 0.16 0.06 0.05 1.75 0.26 0.04 0.98 0.35 0.02 1.04 0.39 0.03 1.30 0.51 0.00 0.20 0.03 0.00 0.15 0.04 0.03 1.31 0.49 0.04 1.62 0.62 0.03 0.29 0.11 0.07 0.47 0.15 0.09 0.59 0.19 0.01 0.28 0.09 0.00 0.12 0.07 0.01 0.15 0.08 0.02 0.54 0.12 0.02 0.66 0.15 0.01 0.15 0.03 0.00 0.18 0.04 0.04 0.59 0.20 0.03 0.72 0.26 0.01 0.27 0.10 0.01 0.21 0.08 0.06 1.20 0.27 0.14 2.54 0.89

(100s) Stock

Exc Volume

Graphite One* O 260 Gratomic* O 134 Gratomic V 929 Graycliff Exp C 59 Great Atlantic V 2318 Great Panther* X 20211 Great Panther T 776 Great Quest Fe V 1627 Green Battery V 420 Green River* O 10 Green River C 129 Green Swan Cap V 33 Green Valley M V 1 Greencastle Rs V 78 85 Greenhawk Res C Greenland M&En* O 455 Greenland Res 358 Greenshield Ex V 0 Grid Metals V 474 O 304 Grid Metals* 300 Grizzly Discvr* O 257 Grizzly Discvr V Grosvenor Res V 0 Group Eleven V 1395 Group Ten Mtls* O 300 Group Ten Mtls V 398 61 GSP Resource V 705 Guanajuato Sil V Guanajuato Sil* O 321 Guardian Exp V 18 105 Gungnir Res* O Gungnir Res V 80 Gunpoint Expl V 0 Guyana Goldstr V 0 70 Hanna Capital V Hannan Metals V 111 Hannan Metals* O 324 Hanstone Gold* O 8 2 Hanstone Gold V Happy Ck Mnrls V 284 Harfang Explor V 261 Harmony Gold* N 44906 V 64 Harvest Gold Harvest Gold* O 25 Hawkeye Gld&Di* O 50 169 Hawkeye Gld&Di V Hawkmoon Res C 467 Headwater Gold C 194 54 Headwater Gold* O Hecla Mining* N 47192 Heliostar Met* O 95 Heliostar Met V 261 O 1 Hemlo Expl* Hemlo Expl V 231 HFX Holding V 25 Highbank Res V 2864 Highbury Proj V 0 V 629 HighGold HighGold* O 41 Highland Copp V 854 501 Highland Copp* O 62 Highway 50 Gld V Highwood Asset V 0 Hochschild Mg* O 50 16 Homerun Res V Honey Badger V 1068 376 Honey Badger* O Horizonte Mnls T 183 HudBay Min* N 8395 HudBay Min T 5583 O 132 Hudson Res* Hudson Res V 131 O 78 Hunt Mng* Hunt Mng V 9 Hylands Intl V 1 T 1945 i-80 Gold

Week High

Low

1.15 0.36 0.45 0.20 0.15 0.18 0.22 0.04 0.09 0.07 0.08 0.04 0.13 0.09 0.11 0.04 0.66 0.00 0.16 0.12 0.07 0.09 0.00 0.09 0.23 0.29 0.10 0.39 0.33 0.08 0.09 0.12 0.00 0.00 0.03 0.30 0.25 0.13 0.15 0.06 0.30 3.38 0.05 0.04 0.02 0.02 0.04 0.16 0.19 4.72 0.20 0.28 0.13 0.18 0.05 0.05 0.00 0.80 0.59 0.12 0.09 0.19 0.00 1.43 0.19 0.07 0.05 2.26 5.27 6.79 0.03 0.05 0.03 0.04 0.00 2.97

0.94 0.29 0.39 0.19 0.00 0.10 0.18 0.02 0.07 0.07 0.06 0.00 0.00 0.00 0.00 0.04 0.57 0.00 0.13 0.10 0.07 0.00 0.00 0.00 0.19 0.25 0.00 0.34 0.26 0.00 0.08 0.00 0.00 0.00 0.00 0.26 0.20 0.13 0.00 0.05 0.26 3.03 0.00 0.04 0.02 0.00 0.03 0.12 0.10 4.20 0.16 0.21 0.13 0.13 0.00 0.00 0.00 0.72 0.56 0.00 0.08 0.00 0.00 1.24 0.00 0.05 0.04 2.10 4.67 6.06 0.03 0.00 0.02 0.00 0.00 2.77

12-month

Last Change

Stock

2.00 1.40 1.74 0.75 0.68 0.71 0.86 0.15 0.22 0.08 0.10 0.08 1.10 0.16 0.29 0.11 1.02 1.98 0.24 0.19 0.09 0.11 0.17 0.18 0.39 0.48 0.35 0.72 0.56 0.14 0.25 0.32 0.75 0.13 0.08 0.38 0.30 0.33 0.47 0.08 0.94 5.50 0.24 0.19 0.04 0.04 0.15 0.40 0.27 8.97 1.47 1.81 0.30 0.38 0.07 0.20 0.35 2.08 1.65 0.17 0.13 0.47 19.00 2.58 0.21 0.13 0.11 2.33 8.75 11.17 0.12 0.17 0.23 0.10 0.04 4.03

0.70 0.29 0.37 0.19 0.11 0.14 0.19 0.02 0.07 0.02 0.03 0.04 0.13 0.09 0.06 0.04 0.30 0.17 0.09 0.07 0.02 0.03 0.14 0.07 0.18 0.25 0.09 0.33 0.25 0.05 0.03 0.05 0.53 0.10 0.02 0.16 0.12 0.13 0.14 0.03 0.26 3.00 0.05 0.00 0.01 0.01 0.03 0.12 0.10 4.07 0.16 0.20 0.13 0.13 0.03 0.05 0.20 0.70 0.56 0.08 0.06 0.18 9.75 1.16 0.04 0.05 0.04 0.10 4.67 6.06 0.03 0.04 0.02 0.03 0.02 2.33

Kaizen Discov Kalo Gold Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* Kenadyr Metals* Kenadyr Metals Kenorland Min Kermode Res Kesselrun Res Kesselrun Res* Kestrel Gold KGL Resources Kincora Copper* Kincora Copper King Global* King Global Kingfisher Met* Kingfisher Met Kingman Min Kingman Min* Kings Bay Res Kingsmen Res Kinross Gold Kinross Gold* Kintavar Exp Kiplin Metals Kiplin Metals* Klondike Gold* Klondike Gold Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kore Mining Kore Mining * Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

V 22 V 680 V 189 C 335 T 152 V 14 O 600 O 62298 O 29 V 0 V 121 V 849 V 169 O 20 V 124 V 5 O 1 V 116 O 236 V 108 O 69 V 817 V 40 O 100 V 1 V 2 T 28528 N 260254 V 87 V 123 O 5 O 99 V 266 O 263 V 227 O 105 O 35 V 1098 O 293 V 1237 C 372 V 182 O 133 O 148 C 49 O 63 C 8723 O 135

0.02 0.00 0.02 + 0.01 0.04 0.02 0.02 0.02 + 0.01 0.03 2.88 2.45 2.58 - 0.38 4.74 2.25 1.89 1.99 - 0.33 3.77 0.00 0.00 0.02 unch 0.00 0.08 0.10 0.08 0.09 - 0.01 0.23 0.12 0.00 0.12 unch 0.00 0.28 0.06 0.05 0.05 - 0.01 0.15 0.05 0.04 0.04 - 0.01 0.11 0.00 0.00 0.02 unch 0.00 0.04 0.31 0.28 0.29 unch 0.00 0.55 0.23 0.22 0.23 + 0.02 0.46 0.36 0.32 0.32 - 0.03 0.75 11.00 10.59 10.64 - 1.09 18.65 3.11 2.96 3.09 + 0.05 4.95 2.37 2.31 2.31 - 0.13 4.09 0.09 0.06 0.06 - 0.01 0.16 0.12 0.08 0.08 - 0.02 0.19 0.20 0.00 0.19 - 0.01 0.42 0.27 0.25 0.25 unch 0.00 0.45 0.00 0.00 0.00 - 0.00 0.02 0.09 0.08 0.08 - 0.02 0.14 0.06 0.06 0.06 - 0.02 0.12 0.05 0.00 0.03 - 0.01 0.10 0.04 0.00 0.04 unch 0.00 0.36 0.09 0.07 0.08 + 0.01 0.28 0.06 0.05 0.06 - 0.00 0.21 0.10 0.08 0.08 unch 0.00 0.39 0.11 0.09 0.09 - 0.02 0.72 0.00 0.00 0.05 unch 0.00 0.08 1.46 1.25 1.32 - 0.10 3.95 1.28 0.96 1.01 - 0.11 3.25 0.56 0.00 0.56 + 0.01 0.65 0.43 0.43 0.43 unch 0.00 0.43 0.00 0.00 0.08 unch 0.00 0.10 0.39 0.39 0.39 unch 0.00 0.77 0.00 0.71 + 0.21 2.70 3.82 3.41 3.65 - 0.07 7.52 0.00 0.00 0.03 unch 0.00 0.09 0.02 0.02 0.02 + 0.00 0.13 0.03 0.00 0.03 unch 0.00 0.16 0.10 0.08 0.09 - 0.01 0.15 0.08 0.06 0.07 + 0.01 0.12 0.08 0.00 0.07 - 0.01 0.25 0.07 0.07 0.07 unch 0.00 0.36 0.00 0.00 0.00 - 0.00 0.02 0.65 0.49 0.58 - 0.08 1.23 0.83 0.64 0.76 - 0.07 1.56 0.14 0.00 0.13 - 0.02 0.33 0.11 0.09 0.09 - 0.02 0.24 59.00 52.02 52.82 - 4.43 121.72 0.14 0.00 0.13 + 0.01 0.22 0.12 0.12 0.12 unch 0.00 0.16 0.06 0.05 0.05 - 0.02 0.09 0.00 0.00 0.05 unch 0.00 0.05 0.24 0.18 0.19 - 0.06 0.58 0.31 0.24 0.25 - 0.08 0.59 1.15 0.95 0.96 - 0.15 1.84 0.89 0.73 0.73 - 0.14 1.49 3.50 2.77 2.89 - 0.66 6.61 1.82 1.55 1.55 - 0.24 3.13 2.39 1.97 2.27 - 0.02 3.94 0.11 0.08 0.10 - 0.01 0.35 7.90 6.40 6.49 - 1.34 10.32 9.74 8.37 8.47 - 1.55 13.15 1.25 0.88 0.90 - 0.31 1.90 0.00 0.00 0.07 unch 0.00 0.11 0.00 0.00 0.02 unch 0.00 0.04 3.44 3.04 3.21 - 0.31 6.01 2.64 2.35 2.47 - 0.27 4.93 0.26 0.00 0.25 + 0.03 0.41 0.20 0.17 0.18 + 0.00 0.32 0.11 0.00 0.11 + 0.01 0.14 0.03 0.00 0.03 unch 0.00 0.09 0.19 0.00 0.18 + 0.01 0.95 0.00 0.00 0.46 unch 0.00 0.66 0.78 0.00 0.75 - 0.03 0.99 0.52 0.35 0.36 - 0.12 0.77 0.62 0.47 0.47 - 0.14 0.95 0.02 0.01 0.01 - 0.00 0.06 0.08 0.07 0.08 unch 0.00 0.10 0.00 0.00 0.84 unch 0.00 0.87 0.20 0.19 0.20 unch 0.00 0.28 0.11 0.07 0.08 - 0.02 0.23 0.12 0.09 0.11 - 0.01 0.30 1.00 0.85 1.00 + 0.21 1.50 0.16 0.00 0.15 unch 0.00 0.39 0.10 0.08 0.09 - 0.01 0.51 9.47 8.45 8.98 - 0.89 10.52 7.54 6.50 6.91 - 0.81 8.33 0.10 0.08 0.09 - 0.01 0.36

0.02 0.01 2.45 1.89 0.00 0.07 0.09 0.04 0.04 0.02 0.14 0.10 0.31 10.38 2.95 2.27 0.06 0.08 0.16 0.22 0.00 0.05 0.04 0.03 0.04 0.06 0.04 0.08 0.08 0.03 1.13 0.86 0.40 0.36 0.08

La Imperial Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources* Lara Expl Laramide Res Laredo Res* Largo Res Largo Res* Latin Metals* Latin Metals Laurion Mnl Ex Laurion Mnl Ex* Leading Edge Leading Edge* Leeta Gold Legion Metals Leo Res* Leocor Gold* Leocor Gold Leopard Lake Leviathan Gold Leviathan Gold* Li-Metal Libero Copper* Libero Copper Liberty Gold* Liberty One Li Lido Minerals Lightspeed Dis Lincoln Mng Lion One Mtls Lion One Mtls* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithium South* Lithoquest Res* Lithoquest Res Logan Res Lomiko Mtls Lomiko Mtls* Loncor Res* Loncor Res Lone Star Gold* Los Andes* Los Andes Lovitt Res Lucara Diam Lucky Min* Lucky Min Luckystrike * Luckystrike Lumina Gold* Lumina Gold Luminex Res Lundin Gold Lundin Mng* Lundin Mng Lupaka Gold * Lupaka Gold Lynas Corp* Lynas Corp*

C 0 O 445 V 1295 O 69 O 42 T 1819 O 4739 V 16 T 2174 O 1339 T 478 D 350 O 5 V 94 V 2269 O 156 V 277 O 244 V 2780 C 3025 O 0 O 69 C 131 C 150 V 212 O 27 C 35 O 394 V 530 O 479 V 0 C 291 V 3 V 0 V 1576 O 1112 T 4847 N 14972 V 627 O 388 O 1293 O 77 V 56 O 545 O 619 V 490 V 401 V 1323 O 143 O 97 T 63 O 56544 O 1 V 56 V 0 T 1792 O 279 V 421 O 23 V 67 O 401 V 489 V 141 T 1613 O 385 T 14247 O 99 V 938 O 578 O 1506

1.04 0.32 + 0.42 + 0.19 0.11 0.10 0.18 0.02 0.08 0.07 unch 0.07 unch 0.04 0.13 unch 0.09 0.10 0.04 0.60 1.95 unch 0.15 0.11 0.07 0.09 0.14 unch 0.08 0.20 0.26 0.09 0.37 0.28 0.08 0.09 0.11 0.60 unch 0.13 unch 0.03 + 0.27 0.20 0.13 unch 0.15 unch 0.05 0.27 3.36 0.05 0.04 unch 0.02 unch 0.02 unch 0.03 0.15 0.11 4.35 0.17 0.22 0.13 unch 0.18 0.04 unch 0.05 0.35 unch 0.75 0.56 0.10 0.09 0.18 10.27 unch 1.39 0.19 + 0.06 + 0.04 2.10 4.75 6.20 0.03 + 0.04 0.03 + 0.03 0.02 unch 2.91 -

0.12 0.01 0.02 0.02 0.01 0.07 0.04 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.03 0.00 0.01 0.01 0.00 0.01 0.00 0.01 0.03 0.03 0.02 0.03 0.02 0.01 0.01 0.01 0.00 0.00 0.01 0.03 0.04 0.00 0.00 0.01 0.04 0.16 0.01 0.00 0.00 0.00 0.01 0.01 0.02 0.61 0.04 0.07 0.00 0.02 0.00 0.01 0.00 0.02 0.04 0.02 0.01 0.01 0.00 0.01 0.03 0.01 0.00 0.15 0.69 0.75 0.00 0.01 0.01 0.01 0.00 0.04

I-J-K I-Minerals V 25 O 15 I-Minerals* IAMGOLD T 5931 IAMGOLD* N 54049 Icon Explor* O 0 O 523 Iconic Mnls * Iconic Mnls V 209 Idaho Champion C 207 434 Idaho Champion* O V 0 IEMR Res iMetal Res V 127 iMetal Res* O 18 645 IMPACT Silver V Impala Platnm* O 2 Imperial Metal T 71 Imperial Metal* O 17 234 Imperial Mg Gr* O Imperial Mg Gr V 1976 Inca One Gold* O 44 Inca One Gold V 25 Inception Mng * O 23942 Independence G V 497 Independence G* O 107 V 22 Indigo Expl Infield Min V 109 Infinite Ore V 1007 Infinite Ore* O 121 Inflection Res C 385 Inomin Mines V 272 Intact Gold V 0 Integra Res V 108 Integra Res* X 206 Inter-Rock Mnl V 1 Inter-Rock Mnl* O 20 Interconnect V 0 Interra Copper* O 3 Interra Copper C 80 Intl Battery C 257 Intl Bethl Mng V 0 Intl Iconic* O 48 Intl Iconic V 93 Intl Lithium V 463 Intl Lithium* O 407 Intl Prospect V 79 Intl Prospect * O 44 Intl Star* O 69942 Intl Tower Hil* X 975 Intl Tower Hil T 61 V 147 Intl Zeolite Intl Zeolite* O 126 Intrepid Pots* N 2212 Inventus Mg V 100 Inventus Mg * O 10 InZinc Mining V 419 InZinc Mining* O 50 Ion Energy* O 136 Ion Energy V 458 Irving Res C 92 Irving Res* O 178 IsoEnergy Ltd V 648 Itafos* O 65 V 437 Itafos O 124 Itoco Inc* Ivanhoe Mines* O 619 Ivanhoe Mines T 9537 Ivor Explor C 869 Jade Leader V 0 V 0 Jaeger Res Jaguar Mng T 432 Jaguar Mng* O 71 Japan Gold V 44 Japan Gold* O 264 Jasper Mining V 1 Jaxon Mining V 6 Jayden Res V 37 O 0 Jayden Res* Jazz Res V 59 Jervois Mining* O 2916 Jervois Mining V 852 Joshua Gold* O 636 Jourdan Res V 3269 Jubilee Gold V 0 Jubilee Metals* O 50 Juggernaut Exp* O 198 Juggernaut Exp V 44 Jupiter Gold* O 1 K2 Gold V 102 K9 Gold* O 48 K92 Mining T 5608 K92 Mining* O 306 Kainantu Res V 662

(100s)

High Low

0.32 0.51 0.02 0.02 0.03 0.05 0.03 0.07 0.04 0.00 0.49 0.64 0.13 0.10 27.43 0.11 0.09 0.03 0.01 0.18 0.24 0.92 0.72 1.95 0.88 1.05 0.08 6.09 7.69 0.30 0.04 0.02 2.65 2.05 0.23 0.17 0.04 0.03 0.16 0.20 0.33 0.25 0.40 0.01 0.03 0.59 0.18 0.07 0.09 0.49 0.14 0.09 5.75 4.42 0.09

Exc Volume

Week

12-month

High

Low

Last Change

0.25 0.07 0.71 0.23 0.55 0.51 3.47 0.00 0.07 0.00 0.74 0.02 0.06 0.05 0.08 0.15 0.05 0.07 0.03 0.05 0.19 0.27 0.02 0.02 0.09 0.07 5.75 4.47 0.08 0.54 0.45 0.13 0.16 0.07 0.05 1.03 0.18 0.23 0.15 0.18 0.02 0.21 0.16 0.36 0.66 0.52 0.06 0.04

0.00 0.05 0.64 0.15 0.41 0.00 2.97 0.00 0.07 0.00 0.65 0.00 0.06 0.04 0.00 0.00 0.00 0.00 0.02 0.04 0.14 0.19 0.00 0.02 0.00 0.00 5.13 3.96 0.07 0.00 0.35 0.10 0.00 0.04 0.05 0.86 0.13 0.17 0.10 0.14 0.00 0.19 0.14 0.27 0.00 0.46 0.04 0.03

0.23 unch 0.06 0.70 + 0.17 0.43 0.37 3.02 0.00 0.07 unch 0.09 unch 0.70 unch 0.02 0.06 unch 0.04 unch 0.07 0.15 + 0.05 unch 0.06 unch 0.03 0.04 0.15 0.19 0.02 unch 0.02 unch 0.09 0.07 5.37 4.10 0.07 unch 0.46 0.35 0.12 0.16 unch 0.04 0.05 unch 0.86 0.13 0.17 0.12 0.17 + 0.01 unch 0.20 0.14 0.30 0.63 0.48 0.05 0.03 -

0.00 0.01 0.01 0.05 0.12 0.14 0.58 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.03 0.00 0.00 0.00 0.01 0.02 0.04 0.00 0.00 0.01 0.01 0.41 0.43 0.00 0.08 0.09 0.01 0.00 0.00 0.00 0.17 0.06 0.04 0.00 0.01 0.00 0.02 0.02 0.06 0.05 0.05 0.01 0.01

High Low

0.80 0.54 1.25 0.75 1.35 2.82 6.25 0.02 0.32 0.30 1.17 0.06 0.24 0.19 0.17 0.23 0.56 0.28 0.08 0.08 2.38 0.65 0.09 0.07 0.17 0.19 9.25 7.59 0.24 1.10 2.40 0.21 0.27 0.12 0.08 1.59 0.48 0.61 0.26 0.30 0.17 0.79 0.65 0.93 1.85 1.52 0.10 0.08

0.23 0.05 0.64 0.10 0.12 0.37 2.35 0.00 0.06 0.09 0.65 0.02 0.05 0.04 0.06 0.10 0.04 0.05 0.02 0.04 0.10 0.15 0.02 0.02 0.05 0.07 5.09 3.92 0.07 0.10 0.09 0.10 0.14 0.00 0.05 0.80 0.01 0.18 0.10 0.13 0.01 0.19 0.14 0.26 0.60 0.45 0.02 0.00

L 0.00 0.00 0.04 unch 0.00 0.10 0.03 0.37 0.28 0.30 - 0.03 1.50 0.28 0.47 0.37 0.42 + 0.01 1.85 0.37 0.10 0.08 0.10 unch 0.00 0.27 0.02 25.36 23.42 23.62 - 2.71 42.40 21.76 32.75 30.50 30.76 - 2.83 51.00 28.28 1.15 0.95 1.09 + 0.09 1.97 0.20 0.74 0.00 0.74 - 0.03 0.80 0.48 0.57 0.44 0.44 - 0.16 1.12 0.37 0.01 0.00 0.00 - 0.00 0.03 0.00 10.73 9.27 9.68 - 1.21 21.53 8.85 8.32 7.10 7.38 - 1.13 17.11 6.77 0.08 0.00 0.08 - 0.01 0.15 0.08 0.11 0.00 0.10 - 0.02 0.18 0.10 1.15 0.80 1.02 + 0.12 1.15 0.43 0.85 0.66 0.79 + 0.08 0.92 0.37 0.28 0.22 0.26 - 0.01 0.72 0.20 0.21 0.17 0.19 - 0.02 0.57 0.15 4.11 3.65 3.82 - 0.51 32.85 3.65 0.08 0.05 0.07 - 0.01 0.34 0.06 0.00 0.00 0.01 unch 0.00 0.36 0.00 0.26 0.20 0.23 - 0.03 1.47 0.22 0.34 0.00 0.31 - 0.02 1.00 0.30 0.12 0.12 0.12 unch 0.00 0.16 0.07 0.06 0.00 0.06 unch 0.00 0.42 0.05 0.05 0.00 0.05 - 0.00 0.41 0.04 0.86 0.70 0.71 - 0.27 3.75 0.65 0.35 0.26 0.27 - 0.06 0.83 0.26 0.42 0.35 0.36 - 0.05 1.05 0.34 0.51 0.43 0.51 + 0.01 1.44 0.39 0.00 0.00 0.40 unch 0.00 0.61 0.33 0.19 0.15 0.19 + 0.02 0.41 0.15 0.05 0.00 0.05 - 0.01 0.12 0.05 0.00 0.00 0.07 unch 0.00 0.23 0.05 1.50 1.33 1.40 - 0.05 1.66 0.88 1.20 1.02 1.07 - 0.09 1.33 0.67 28.01 24.75 26.24 - 2.71 53.09 16.03 21.83 19.15 20.13 - 2.53 41.56 12.56 0.64 0.59 0.61 - 0.04 1.21 0.26 0.51 0.44 0.47 - 0.03 0.95 0.21 0.24 0.19 0.20 - 0.04 1.09 0.18 0.19 0.17 0.19 unch 0.00 0.41 0.01 0.25 0.23 0.23 unch 0.00 0.38 0.08 0.41 0.36 0.36 - 0.06 0.86 0.29 0.15 0.01 0.10 - 0.02 0.15 0.01 0.14 0.10 0.12 - 0.02 0.18 0.08 0.17 0.00 0.16 - 0.01 0.30 0.14 0.06 0.05 0.05 - 0.01 0.16 0.04 0.05 0.04 0.04 - 0.00 0.13 0.04 0.36 0.34 0.34 - 0.04 0.67 0.32 0.48 0.43 0.44 - 0.05 0.86 0.40 0.03 0.02 0.02 - 0.01 4.20 0.01 12.22 0.00 12.22 - 0.38 14.00 5.55 15.89 15.30 15.77 - 0.07 17.73 6.63 0.00 0.00 0.13 unch 0.00 0.24 0.09 0.74 0.63 0.73 + 0.07 0.84 0.50 0.06 0.05 0.06 + 0.01 0.13 0.04 0.08 0.07 0.08 + 0.01 0.15 0.05 0.20 0.12 0.12 - 0.03 0.80 0.12 0.18 0.00 0.16 - 0.01 0.80 0.15 0.40 0.33 0.33 - 0.08 0.67 0.33 0.51 0.42 0.43 - 0.10 0.82 0.42 0.39 0.00 0.38 - 0.03 0.81 0.33 11.05 10.23 10.54 - 0.66 12.73 8.82 8.22 7.06 7.22 - 1.19 11.25 6.66 10.42 9.22 9.40 - 1.35 14.00 8.56 0.01 0.01 0.01 unch 0.00 0.06 0.00 0.02 0.02 0.02 - 0.01 0.07 0.02 6.34 5.55 5.98 + 0.05 8.63 3.92 6.34 5.49 5.91 + 0.03 8.73 4.00

M Macarthur Min V Macarthur Min* O MacDonald Mns* O MacDonald Mns V Madeira Mrnls V Madoro Metals* O Madoro Metals V MAG Silver T Magna Gold* O Magna Gold V Magna Mining V Magna Terra V Magna Terra* O Magnum Goldco V Majestic Gold V Majestic Gold* O Major Precious* O Makara Mining* O Makara Mining C Makena Res* O Mako Mining V Mako Mining* O Mammoth Res V Mandalay Res T Mandalay Res* O Manganese X* O Manganese X V Mangazeya Mng V Manitou Gold V Manitou Gold * O Manning Vent* O Manning Vent C Mansa Explor C Mantaro Prec V Mantaro Prec* O Maple Gold* O Maple Gold V Marathon Gold* O Marathon Gold T Margaret Lake V Marimaca Cop* O Marimaca Cop T Maritime Res V Martina Mnls V MartinMarietta* N Marvel Discov* O

530 142 111 4542 0 2 0 1166 94 307 170 66 2 471 581 32 80 219 127 216 676 488 138 124 25 280 701 12 3249 185 29 1475 481 222 72 660 901 237 2371 53 2 32 1874 0 3160 448

0.26 0.00 0.24 0.20 0.18 0.19 0.02 0.01 0.02 0.03 0.00 0.02 unch 0.00 0.00 0.03 unch 0.04 0.04 0.04 unch 0.00 0.00 0.07 unch 18.25 16.26 16.49 0.28 0.25 0.26 0.37 0.33 0.33 0.42 0.36 0.37 0.10 0.00 0.10 unch 0.07 0.07 0.07 unch 0.05 0.00 0.05 unch 0.05 0.00 0.05 0.04 0.04 0.04 + 0.08 0.07 0.07 0.04 0.03 0.04 + 0.05 0.04 0.05 unch 0.15 0.00 0.14 0.30 0.27 0.29 0.23 0.21 0.22 0.05 0.00 0.05 3.49 2.78 3.49 + 2.66 2.25 2.53 + 0.23 0.17 0.20 0.31 0.21 0.26 0.04 0.00 0.04 unch 0.03 0.00 0.03 unch 0.03 0.03 0.03 unch 0.12 0.00 0.12 + 0.09 0.08 0.08 0.09 0.08 0.09 0.12 0.11 0.12 unch 0.12 0.08 0.09 0.20 0.15 0.15 0.25 0.19 0.20 1.35 1.20 1.31 1.72 1.55 1.70 0.16 0.00 0.14 3.12 3.12 3.12 unch 3.74 0.00 3.63 0.07 0.06 0.06 0.00 0.00 0.07 unch 322.71 300.09 303.56 0.09 0.07 0.08 -

0.05 0.60 0.22 0.04 0.50 0.19 0.01 0.06 0.01 0.00 0.07 0.02 0.00 0.03 0.03 0.00 0.10 0.04 0.00 0.13 0.05 2.39 29.18 15.75 0.05 1.12 0.23 0.05 1.12 0.29 0.04 0.57 0.30 0.00 0.18 0.08 0.00 0.15 0.07 0.00 0.18 0.04 0.01 0.08 0.05 0.00 0.06 0.04 0.01 0.44 0.01 0.00 0.27 0.03 0.00 0.32 0.04 0.01 0.96 0.12 0.02 0.43 0.27 0.02 0.35 0.21 0.01 0.18 0.03 0.34 3.86 1.82 0.07 3.03 1.43 0.03 0.47 0.18 0.04 0.58 0.22 0.00 0.10 0.02 0.00 0.09 0.03 0.00 0.09 0.02 0.06 0.12 0.06 0.01 0.22 0.06 0.02 0.28 0.08 0.00 0.51 0.11 0.00 0.50 0.08 0.05 0.39 0.12 0.06 0.46 0.16 0.03 2.97 1.20 0.04 3.73 1.55 0.04 0.75 0.14 0.00 3.62 2.70 0.15 4.62 3.24 0.01 0.21 0.06 0.00 0.07 0.07 18.19 446.46 301.50 0.00 0.20 0.05

JUNE 27 — JULY 10, 2022 / THE NORTHERN MINER

(100s) Stock

Exc Volume

Week High

Low

12-month

Last Change

Marvel Discov V 597 V 3 Mas Gold Mascota Res* O 15 Masivo Silver V 401 20 Masivo Silver* O 118 Mason Graphite* O Mason Graphite V 355 9 Matachewan Con V Matica Ent C 43 461 Maverix Metals T Maverix Metals* X 2024 348 Mawson Res* O Mawson Res T 1131 MAX Res V 1154 MaxTech Vent C 292 72 MaxTech Vent* O 0 Maxwell Res* O 3 Mayfair Gold* O Mayfair Gold V 189 V 12 Mazarin McChip Res V 0 McEwen Mng T 2148 McEwen Mng* N 7967 McLaren Res C 22 MDN Inc* O 15 Medallion Res V 98 71 Medallion Res* O Medaro Mining C 219 Medaro Mining* O 373 Medgold Res* O 1 Medgold Res V 272 Medinah Mnrls* O 4392 Mega Copper V 0 Mega Uranium T 2383 Mega Uranium* O 956 MegaWatt Lith C 203 MegaWatt Lith* O 66 MegumaGold* O 18 65 MegumaGold C Melkior Res* O 13 Melkior Res V 12 Meridian Mg T 1335 Meridian Mg * O 69 Metal Energy V 260 V 49 MetalCorp Metalex Vent * O 0 Metalex Vent V 417 Metallic Mnrls V 513 Metallic Mnrls* O 556 Metallica Met* O 0 90 Metallica Met C Metallica Min* O 464 Metallis Res V 238 Metallum Res V 1091 Metalo Manuf C 18 Metalore Res V 1 Metalore Res* O 0 Metals Creek* O 171 Metals Creek V 1382 Metals X* O 725 Metron Capital V 1153 Mexican Gold* O 28 Midasco Cap V 0 V 89 Midland Expl Midnight Star C 556 Midnight Sun* O 862 Midnight Sun V 623 Millbank Mg V 0 MillenMin Vent V 0 V 1084 Millennial Pr Millennial Pr* O 453 Millennium Sil V 2116 Millrock Res* O 291 Millrock Res V 338 Milner Con Slv V 0 558 Minaurum Gold V Minaurum Gold* O 638 Minco Silver* O 157 Minco Silver T 212 Minera Alamos * O 1542 Minera Alamos V 1217 Minera IRL* O 101 Minera IRL C 323 Mineral Hill V 0 Mineral Mtn* O 145 V 570 Mineral Mtn Mineral Res* O 1 Mineworx Tech* O 723 Mineworx Tech V 1275 Minfocus Expl V 346 80 Minnova Corp V Minsud Res V 78 Mirasol Res V 131 Mistango River C 267 Mkango Res V 73 O 9 ML Gold* ML Gold Corp V 109 Monarca Mnrls* O 141 Monarca Mnrls V 59 Monarch Min* O 115 Monarch Mining T 337 Moneta Porcpn T 223 Moneta Porcpn* O 11 Mongoose Mg C 27 Monitor Vent V 6 Montage Gold V 727 230 Montage Gold* O Monterey Min C 123 133 Montero Mg&Ex * O Montero Mg&Ex V 94 Monument Mng V 269 Monument Mng* O 65 Monumental Min V 145 Morien Res* O 403 Morien Res V 1090 Mosaic* N 45254 Mosaic Min C 21 Mountain Boy* O 33 Mountain Boy V 269 Mountain Prov T 627 Mountain Prov* O 71 MPV Explor C 209 Mundoro Cap V 105 Mundoro Cap* O 38 Murchison Min* O 29 Murchison Min V 531 C 326 Musk Metals Musk Metals* O 97 Muzhu Mining C 164

0.13 0.09 0.11 + 0.01 0.08 0.00 0.08 unch 0.00 2.51 2.22 2.30 + 0.04 0.07 0.00 0.06 - 0.01 0.06 0.06 0.06 - 0.01 0.37 0.30 0.30 - 0.07 0.50 0.39 0.40 - 0.08 0.26 0.00 0.26 + 0.04 0.22 0.00 0.20 - 0.03 6.11 5.51 5.90 - 0.30 4.76 4.25 4.52 - 0.37 0.12 0.10 0.10 - 0.02 0.17 0.13 0.13 - 0.03 0.67 0.57 0.58 - 0.09 0.04 0.03 0.03 - 0.01 0.03 0.02 0.03 + 0.00 0.00 0.00 0.19 unch 0.00 1.15 1.00 1.00 + 0.06 1.36 1.18 1.30 - 0.06 0.15 0.00 0.15 unch 0.00 0.00 0.00 1.12 unch 0.00 0.72 0.62 0.62 - 0.13 0.56 0.50 0.50 - 0.08 0.06 0.05 0.06 unch 0.00 0.12 0.10 0.12 + 0.01 0.10 0.00 0.09 + 0.01 0.07 0.06 0.07 + 0.00 0.54 0.36 0.49 - 0.04 0.42 0.32 0.38 - 0.03 0.01 0.00 0.01 - 0.01 0.02 0.00 0.02 unch 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.16 unch 0.00 0.25 0.20 0.21 - 0.05 0.19 0.15 0.15 - 0.04 0.10 0.08 0.09 - 0.02 0.09 0.06 0.07 - 0.01 0.02 0.00 0.02 - 0.00 0.03 0.03 0.03 unch 0.00 0.21 0.20 0.20 - 0.01 0.28 0.27 0.27 - 0.01 0.70 0.56 0.60 - 0.10 0.52 0.44 0.44 - 0.09 0.11 0.09 0.09 - 0.01 0.03 0.00 0.03 - 0.01 0.04 0.04 0.04 unch 0.00 0.07 0.00 0.07 unch 0.00 0.43 0.37 0.40 unch 0.00 0.34 0.28 0.30 - 0.02 0.00 0.00 0.04 unch 0.00 0.04 0.04 0.04 - 0.01 0.03 0.03 0.03 + 0.01 0.24 0.19 0.21 - 0.01 0.06 0.05 0.06 unch 0.00 0.16 0.00 0.16 + 0.03 2.45 0.00 2.45 - 0.15 0.00 0.00 1.98 unch 0.00 0.13 0.08 0.13 + 0.03 0.18 0.00 0.18 + 0.06 0.30 0.26 0.28 - 0.04 0.25 0.19 0.21 + 0.01 0.02 0.02 0.02 + 0.00 0.00 0.00 0.10 unch 0.00 0.42 0.37 0.39 - 0.03 0.28 0.24 0.28 - 0.01 0.11 0.09 0.10 - 0.01 0.14 0.12 0.12 - 0.02 0.00 0.00 0.52 unch 0.00 0.00 0.00 0.05 unch 0.00 0.40 0.32 0.35 - 0.05 0.33 0.25 0.27 - 0.04 0.01 0.00 0.01 unch 0.00 0.04 0.03 0.03 - 0.01 0.05 0.04 0.05 - 0.01 0.00 0.00 0.06 unch 0.00 0.29 0.24 0.29 + 0.01 0.21 0.18 0.21 - 0.00 0.18 0.15 0.16 - 0.01 0.23 0.19 0.19 - 0.04 0.47 0.39 0.40 - 0.06 0.58 0.50 0.52 - 0.08 0.08 0.00 0.08 + 0.00 0.10 0.09 0.09 unch 0.00 0.00 0.00 0.20 unch 0.00 0.07 0.06 0.07 - 0.00 0.10 0.00 0.09 unch 0.00 39.50 0.00 37.00 - 2.50 0.06 0.04 0.05 - 0.00 0.07 0.06 0.07 unch 0.00 0.12 0.10 0.11 - 0.01 0.06 0.00 0.05 - 0.01 0.28 0.00 0.22 - 0.06 0.70 0.65 0.65 - 0.06 0.09 0.00 0.08 + 0.01 0.37 0.00 0.34 - 0.04 0.04 0.04 0.04 unch 0.00 0.06 0.00 0.05 unch 0.00 0.01 0.01 0.01 - 0.00 0.02 0.00 0.02 - 0.01 0.40 0.34 0.36 - 0.04 0.51 0.44 0.47 - 0.03 2.09 1.87 1.91 - 0.18 1.57 1.44 1.45 - 0.18 0.24 0.19 0.23 + 0.01 0.14 0.00 0.14 unch 0.00 0.69 0.61 0.61 - 0.08 0.55 0.48 0.48 - 0.05 0.27 0.00 0.27 + 0.02 0.06 0.00 0.03 - 0.03 0.08 0.00 0.06 - 0.01 0.10 0.08 0.10 + 0.01 0.08 0.07 0.07 + 0.00 0.35 0.28 0.32 - 0.03 0.42 0.21 0.34 + 0.11 0.56 0.30 0.39 + 0.09 54.50 49.02 50.60 - 2.76 0.09 0.08 0.09 unch 0.00 0.09 0.08 0.08 - 0.01 0.12 0.11 0.12 unch 0.00 0.69 0.58 0.60 - 0.11 0.54 0.45 0.46 - 0.09 0.07 0.00 0.06 - 0.01 0.20 0.00 0.20 unch 0.00 0.15 0.15 0.15 - 0.02 0.10 0.07 0.07 - 0.01 0.10 0.09 0.10 + 0.01 0.06 0.05 0.06 unch 0.00 0.05 0.04 0.04 unch 0.00 0.13 0.10 0.11 - 0.02

NACCO Ind* N 230 Namibia Crit V 509 Namibia Crit* O 166 284 Natural Res Pt* N Navis Res Corp* O 1 NEO Battery V 793 NEO Battery* O 319 Neometals* O 28 76 Network Expl V Network Expl* O 75 Nevada Canyon* O 1 Nevada Copper* O 593 Nevada Copper T 1538 Nevada Expl V 370 Nevada Expl * O 384 Nevada King* O 525 Nevada King V 504 Nevada Lithium C 605 Nevada Lithiu* O 431 Nevada Silver V 155 Nevada Sunrise V 2593 Nevada Sunrise* O 2733 Nevada Zinc V 81 Nevado Res V 0 NevGold V 994 NevGold* O 490 New Age Metals V 1440 New Age Metals* O 1208 New Destiny Mg V 1 New Energy Met V 0 New Found Gold V 1260 New Gold T 7710 New Gold* X 31893 New Pac Metals T 793 New Pac Metals* X 995 New Stratus V 783 New Target Mng V 80 New Tech Min* O 0

49.24 0.18 0.17 46.00 0.67 0.29 0.23 0.75 0.19 0.16 0.98 0.30 0.36 0.06 0.05 0.31 0.40 0.16 0.16 0.25 0.35 0.28 0.09 0.00 0.78 0.62 0.08 0.06 0.05 0.00 7.14 1.73 1.35 4.52 3.47 1.17 0.13 0.00

Stock

0.22 0.13 3.45 0.11 0.10 0.65 0.78 0.26 1.35 7.42 6.10 0.24 0.29 0.90 0.40 0.30 0.38 2.06 1.61 0.19 1.45 2.07 1.71 0.08 0.61 0.33 0.27 1.43 1.81 0.05 0.05 0.01 0.16 0.42 0.34 0.35 0.28 0.06 0.08 0.36 0.43 1.34 1.08 0.25 0.06 0.05 0.08 0.60 0.49 0.25 0.33 0.03 0.53 0.12 0.69 3.16 2.22 0.19 0.23 0.60 0.39 0.13 0.12 0.75 0.54 0.33 0.38 0.60 0.05 0.74 0.94 0.03 0.08 0.10 0.11 0.45 0.36 0.41 0.53 0.58 0.73 0.08 0.11 0.30 0.20 0.24 48.27 0.08 0.11 0.43 0.27 0.37 0.86 0.23 0.70 0.12 0.15 0.13 0.16 0.88 1.02 2.97 2.36 0.50 0.24 0.95 0.85 1.20 0.86 0.20 0.17 0.14 0.79 0.51 0.64 79.28 0.15 0.19 0.24 0.99 0.79 0.71 0.23 0.18 0.15 0.17 0.13 0.11 0.21

New Tech Min C New World Res* O Newcore Gold V Newcore Gold* O Newcrest Mg T Newcrest Mg* O Newlox Gold C V Newmac Res Newmont Corp T Newmont Corp* N Neworigin Gold V Newport Expl V NewRange Gold* O NewRange Gold V Nexa Resources* N Nexgen Energy T Nexgen Energy* N NextSource Mat T Nexus Gold* O V Nexus Gold Nfld Discovery C Nfld Discovery* O NGEx Minerals V NGEx Minerals* O Nickel 28 V Nickel 28* O Nickel Creek* O Nickel Creek T Nickel North V Nickel Rock V Nickel Rock* O Nicola Mg Inc V Nicola Mg Inc* O Nighthawk Gold* O Nighthawk Gold T Niobay Metals V Niocan Inc V Niocorp Dev T Niocorp Dev* O Nippon Dragon V Nippon Dragon* O Nobel Res V Nobel Res* O Noble Metal V Noble Mineral V Noble Mineral* O Noka Res* O Noram Vent V Noram Vent* O Norra Metals V Norrland Gold V Norse Gold V Norseman Silv V Norsemont Cap C Norsemont Cap* O Nortec Mnls V North Am Nickl V North Arrow Mn V North Arrow Mn* O North Bay Res * O North Peak Res* O North Peak Res V North Valley C Northcliff Res T Northern Light C Northern Light* O Northern Uran V Northisle C&G V Northisle C&G * O Northstar Gold C Northstar Gold* O Northwest Cop* O Northwest Cop V Norvista Cap V NorZinc T O NorZinc* Nouveau Monde V Nouveau Monde* N NovaGold Res T NovaGold Res* X Novo Res T Nrthn Graphite V Nrthn Graphite* O Nrthn Lion V Nrthn Lion* O Nrthn Mnrls &E* O Nrthn Shield V Nrthn Superior V Nrthn Superior* O NSJ Gold C C NSS Res Inc Nthn Dynasty T Nthn Dynasty* X Nubian Res V Nubian Res* O Nuinsco Res* O Nuinsco Res C NuLegacy Gold V NuLegacy Gold* O Nutrien* N Nutrien T NV Gold V NV Gold* O O2Gold V O3 Mining V OceanaGold T Oceanic Iron O V Oceanus Res* O Oceanus Res V Odyssey Res V Olivut Res V Olivut Res* O Omai Gold V Omai Gold* O Omineca Mining* O Omineca Mining V One World Lith* O One World Lith C Opawica Expl V Opawica Expl* O Ophir Gold V Ophir Gold* O Optimum Vent* O Optimum Vent V Optimus Gold V Opus One Gold V Ord Mountain V Orea Mining T Orea Mining* O Orefinders Res V Orestone Mng V Orex Mnrls* O Orex Mnrls V Orezone Gold T Orezone Gold* O Orford Mining V O Origen Res* Origen Res C Orla Mining T Oroco Res V Oroco Res* O Orsu Metals V Orvana Mnrls* O Orvana Mnrls T Osino Res* O Osino Res V Osisko Gold* N Osisko Gold T Osisko Metals* O Osisko Metals V Osisko Mng Inc T Outback Gold* O Outcrop S&G V Outcrop S&G* O Oz Lithium C Oz Lithium* O O OZ Minerals*

N-O 42.41 0.15 0.10 37.92 0.50 0.25 0.19 0.65 0.00 0.13 0.61 0.23 0.30 0.00 0.04 0.26 0.35 0.12 0.09 0.23 0.17 0.13 0.00 0.00 0.60 0.46 0.07 0.05 0.00 0.00 6.62 1.51 1.16 4.04 3.12 0.93 0.00 0.00

43.14 0.15 0.11 38.72 0.59 0.26 0.20 0.71 0.17 0.13 0.61 0.23 0.31 0.06 unch 0.04 0.28 0.35 0.13 0.10 0.23 0.19 0.14 0.07 0.11 unch 0.67 0.52 0.07 0.05 0.05 + 0.07 unch 6.99 1.54 1.20 4.52 + 3.44 + 0.97 0.13 unch 0.04 unch

(100s)

High Low

0.07 0.07 1.10 0.06 0.04 0.31 0.40 0.17 0.20 5.00 3.83 0.07 0.10 0.14 0.04 0.02 0.01 0.40 0.49 0.08 0.62 0.60 0.46 0.04 0.10 0.08 0.06 0.45 0.32 0.01 0.02 0.00 0.14 0.18 0.14 0.08 0.06 0.02 0.02 0.18 0.23 0.39 0.30 0.08 0.03 0.02 0.02 0.31 0.24 0.03 0.03 0.02 0.19 0.05 0.11 2.15 1.73 0.06 0.10 0.15 0.17 0.02 0.10 0.38 0.24 0.00 0.12 0.25 0.05 0.30 0.25 0.01 0.03 0.04 0.06 0.21 0.15 0.16 0.20 0.37 0.49 0.01 0.07 0.12 0.05 0.07 27.13 0.04 0.06 0.08 0.05 0.04 0.31 0.06 0.28 0.04 0.04 0.01 0.02 0.34 0.44 1.55 1.25 0.13 0.10 0.58 0.45 0.21 0.01 0.06 0.08 0.01 0.27 0.11 0.16 28.26 0.06 0.08 0.11 0.40 0.32 0.05 0.16 0.13 0.05 0.06 0.05 0.03 0.10

7.34 63.19 23.30 0.02 0.40 0.15 0.05 0.40 0.08 8.11 50.82 19.07 0.13 2.46 0.27 0.03 1.31 0.24 0.03 1.21 0.19 0.05 1.50 0.36 0.04 0.79 0.16 0.03 0.69 0.13 0.39 1.07 0.32 0.05 0.99 0.23 0.05 2.40 0.30 0.00 0.22 0.06 0.00 0.17 0.04 0.03 0.55 0.23 0.05 0.62 0.27 0.02 0.78 0.12 0.00 0.75 0.09 0.01 0.60 0.22 0.17 0.37 0.05 0.14 0.29 0.04 0.02 0.16 0.05 0.00 0.15 0.10 0.11 0.85 0.34 0.09 0.65 0.27 0.01 0.16 0.07 0.00 0.13 0.05 0.01 0.07 0.04 0.00 0.12 0.07 0.16 13.26 6.61 0.23 2.66 1.29 0.18 2.19 1.01 0.14 6.70 3.08 0.04 5.50 2.38 0.16 1.45 0.25 0.00 0.25 0.13 0.00 0.07 0.04

WWW.NORTHERNMINER.COM

Exc Volume

347 8 355 99 239 150 617 0 646 37827 366 309 581 2153 1704 9626 20925 294 115 1878 205 84 1319 43 573 57 450 1195 46 361 325 287 13 109 370 223 164 997 1303 141 23 936 140 25 2874 45 2 176 169 290 94 52 105 179 75 0 0 102 38 51274 55 64 68 547 63 93 707 465 242 204 52 65 389 291 2219 766 164 431 870 12407 3433 585 386 0 0 5 870 123 149 2 276 651 8263 439 41 104 763 789 325 21480 12036 714 571 156 89 9357 20 420 830 299 186 162 548 75 205 403 137 1699 651 95 368 74 60 114 0 126 0 1109 493 154 0 261 140 671 206 236 15 185 3480 651 990 0 4 40 79 535 8754 2452 129 514 3369 53 1035 808 336 4 2

Week High

Low

12-month

Last Change

High Low

0.05 0.00 0.04 + 0.01 0.08 0.04 1.50 1.30 1.30 - 0.20 4.10 1.35 0.36 0.32 0.34 - 0.02 0.73 0.33 0.28 0.26 0.26 - 0.02 0.56 0.26 22.40 20.26 21.63 - 0.37 28.00 19.11 17.10 15.54 16.85 - 0.32 21.40 14.81 0.18 0.16 0.18 + 0.02 0.61 0.15 0.00 0.00 0.29 unch 0.00 0.29 0.29 85.25 79.71 83.01 - 2.37 108.98 66.25 66.43 61.30 63.76 - 3.09 86.37 52.60 0.09 0.00 0.08 - 0.02 0.17 0.07 0.45 0.43 0.45 unch 0.00 0.52 0.41 0.03 0.02 0.02 - 0.01 0.17 0.02 0.04 0.03 0.04 + 0.01 0.22 0.03 7.13 6.13 6.65 - 0.65 12.86 6.13 5.70 4.57 4.67 - 1.28 8.30 4.44 4.44 3.49 3.60 - 1.07 6.56 3.47 2.35 2.05 2.10 - 0.26 4.90 1.77 0.02 0.00 0.02 - 0.00 0.06 0.01 0.02 0.02 0.02 unch 0.00 0.07 0.01 0.25 0.19 0.23 unch 0.00 0.62 0.16 0.20 0.15 0.18 + 0.00 0.52 0.12 2.72 2.24 2.28 - 0.40 4.22 0.53 2.31 1.80 1.80 - 0.39 5.00 0.43 1.28 1.16 1.17 - 0.12 1.79 0.83 0.95 0.90 0.92 - 0.05 1.45 0.59 0.06 0.05 0.05 - 0.01 0.13 0.05 0.08 0.06 0.07 - 0.01 0.16 0.07 0.05 0.00 0.04 - 0.01 0.07 0.03 0.09 0.07 0.08 - 0.01 0.23 0.07 0.07 0.05 0.06 - 0.01 0.18 0.05 0.09 0.00 0.09 unch 0.00 0.15 0.07 0.07 0.07 0.07 unch 0.00 0.13 0.06 0.46 0.39 0.40 - 0.06 0.92 0.34 0.58 0.49 0.50 - 0.09 1.14 0.45 0.18 0.00 0.16 + 0.02 0.72 0.13 0.07 0.00 0.06 - 0.01 0.17 0.05 0.90 0.82 0.82 - 0.07 1.84 0.76 0.73 0.63 0.64 - 0.06 1.48 0.59 0.02 0.00 0.02 unch 0.00 0.08 0.02 0.02 0.02 0.02 unch 0.00 0.05 0.00 0.13 0.09 0.10 - 0.04 1.03 0.08 0.10 0.07 0.08 - 0.07 0.87 0.06 0.01 0.00 0.01 unch 0.00 0.02 0.01 0.06 0.05 0.05 - 0.02 0.12 0.05 0.05 0.04 0.04 - 0.01 0.14 0.04 0.28 0.00 0.24 - 0.04 0.62 0.20 0.65 0.56 0.58 - 0.02 1.05 0.47 0.50 0.43 0.48 - 0.00 0.88 0.38 0.05 0.00 0.05 + 0.01 0.10 0.03 0.07 0.00 0.06 - 0.01 0.39 0.06 0.05 0.00 0.04 - 0.01 0.08 0.04 0.17 0.00 0.13 - 0.04 0.48 0.15 0.68 0.62 0.68 unch 0.00 1.11 0.45 0.52 0.48 0.51 - 0.02 0.86 0.36 0.00 0.00 0.01 unch 0.00 0.06 0.01 0.00 0.00 0.58 unch 0.00 0.65 0.23 0.10 0.00 0.09 - 0.03 0.15 0.07 0.10 0.06 0.06 - 0.04 0.12 0.00 0.00 0.00 0.00 + 0.00 0.00 0.00 0.70 0.52 0.55 - 0.13 4.60 0.25 0.95 0.69 0.75 - 0.15 5.85 0.36 0.07 0.00 0.07 - 0.01 0.10 0.05 0.04 0.00 0.04 unch 0.00 0.06 0.03 0.06 0.00 0.06 unch 0.00 6.50 0.05 0.05 0.05 0.05 - 0.01 0.90 0.02 0.03 0.02 0.02 - 0.01 0.09 0.01 0.29 0.21 0.23 - 0.04 0.55 0.16 0.23 0.16 0.16 - 0.06 0.46 0.00 0.14 0.11 0.11 - 0.03 0.45 0.12 0.12 0.07 0.09 - 0.02 0.35 0.07 0.39 0.35 0.37 - 0.02 0.84 0.35 0.49 0.45 0.46 - 0.04 1.10 0.45 0.05 0.00 0.05 - 0.01 0.13 0.05 0.03 0.02 0.03 unch 0.00 0.09 0.02 0.03 0.02 0.02 - 0.00 0.07 0.01 7.45 6.51 6.53 - 1.06 12.98 6.36 5.87 5.00 5.00 - 1.00 10.61 4.92 7.33 6.79 7.07 - 0.50 11.38 6.79 5.71 5.24 5.40 - 0.50 9.35 5.22 0.71 0.45 0.53 - 0.13 2.49 0.45 0.51 0.44 0.47 - 0.10 0.94 0.33 0.42 0.32 0.34 - 0.11 0.77 0.28 0.00 0.00 0.18 unch 0.00 0.43 0.18 0.12 0.12 0.12 unch 0.00 0.50 0.30 0.10 0.10 0.10 unch 0.00 0.35 0.07 0.02 0.00 0.02 unch 0.00 0.07 0.02 0.63 0.58 0.61 + 0.03 1.24 0.54 0.50 0.44 0.45 + 0.00 0.99 0.43 0.08 0.00 0.07 unch 0.00 0.25 0.06 0.04 0.04 0.04 unch 0.00 0.14 0.04 0.38 0.33 0.36 - 0.03 0.78 0.33 0.30 0.27 0.27 - 0.03 0.62 0.27 0.09 0.07 0.09 + 0.02 0.43 0.06 0.07 0.06 0.06 + 0.01 0.35 0.06 0.01 0.01 0.01 + 0.00 0.02 0.01 0.02 0.01 0.01 - 0.01 0.03 0.01 0.04 0.03 0.04 - 0.01 0.18 0.03 0.03 0.02 0.03 - 0.00 0.14 0.02 88.95 82.53 83.04 - 3.42 117.25 57.08 115.24 107.75 108.18 - 2.23 147.93 71.40 0.11 0.08 0.09 + 0.01 0.35 0.08 0.08 0.06 0.07 - 0.00 0.28 0.06 0.03 0.02 0.03 unch 0.00 0.27 0.01 2.16 2.00 2.13 + 0.05 2.56 1.89 3.00 2.66 2.82 - 0.28 3.41 1.79 0.12 0.00 0.12 - 0.02 0.24 0.10 0.27 0.23 0.24 - 0.04 0.64 0.23 0.35 0.30 0.31 - 0.04 0.78 0.30 0.05 0.00 0.04 + 0.01 0.05 0.03 0.04 0.00 0.04 - 0.01 0.08 0.03 0.03 0.02 0.03 unch 0.00 0.06 0.02 0.07 0.07 0.07 - 0.01 0.18 0.07 0.07 0.05 0.07 + 0.01 0.27 0.00 0.11 0.09 0.10 + 0.00 0.26 0.09 0.14 0.12 0.14 + 0.01 0.32 0.11 0.04 0.03 0.03 - 0.01 0.09 0.02 0.05 0.04 0.05 unch 0.00 0.12 0.03 0.22 0.15 0.16 - 0.05 0.61 0.15 0.17 0.12 0.13 - 0.04 0.50 0.12 0.07 0.00 0.06 unch 0.00 0.22 0.06 0.05 0.00 0.05 - 0.00 0.20 0.04 0.27 0.20 0.20 - 0.05 0.62 0.23 0.32 0.26 0.27 - 0.06 0.80 0.30 0.00 0.00 0.11 unch 0.00 0.31 0.11 0.04 0.00 0.04 + 0.01 0.06 0.03 0.00 0.00 0.20 unch 0.00 0.20 0.20 0.06 0.05 0.06 - 0.01 0.31 0.05 0.05 0.04 0.04 - 0.00 0.26 0.03 0.04 0.04 0.04 unch 0.00 0.09 0.04 0.00 0.00 0.04 unch 0.00 0.08 0.03 0.05 0.04 0.05 - 0.01 0.12 0.04 0.07 0.00 0.06 - 0.01 0.16 0.06 1.44 1.32 1.32 - 0.10 1.81 0.99 1.14 1.01 1.03 - 0.10 1.43 0.77 0.10 0.00 0.10 unch 0.00 0.27 0.10 0.23 0.20 0.20 - 0.03 0.33 0.15 0.27 0.24 0.24 - 0.03 0.43 0.14 5.15 4.34 4.37 - 1.12 6.59 3.71 1.32 1.07 1.09 - 0.23 3.66 1.11 1.04 0.82 0.84 - 0.21 2.98 0.86 0.00 0.00 0.13 unch 0.00 0.30 0.12 0.24 0.24 0.24 unch 0.00 0.42 0.21 0.31 0.27 0.27 - 0.04 0.54 0.25 0.89 0.78 0.84 - 0.06 1.22 0.76 1.14 1.01 1.08 - 0.07 1.49 0.98 11.45 10.84 11.14 - 0.60 15.12 10.18 14.81 14.07 14.52 - 0.48 18.59 13.30 0.32 0.29 0.29 - 0.03 0.55 0.27 0.41 0.38 0.39 - 0.02 0.69 0.35 3.85 3.55 3.69 - 0.26 5.02 2.33 0.11 0.09 0.11 + 0.01 1.22 0.09 0.19 0.14 0.16 - 0.01 0.36 0.12 0.14 0.11 0.13 - 0.00 0.27 0.10 0.19 0.00 0.16 unch 0.00 0.35 0.09 0.10 0.10 0.10 + 0.00 1.00 0.01 15.12 0.00 14.85 - 1.64 21.04 14.85

P-Q P2 Gold P2 Gold* Pac Arc Res Pac Bay Mnrls Pac Booker Min* Pac Booker Min Pac Imperial Pac Ridge Expl Pac Ridge Expl* Pacific Empire*

V O V V O V V V O O

153 123 0 0 24 9 0 211 85 4

0.58 0.46 0.00 0.00 0.63 0.83 0.00 0.42 0.31 0.04

0.50 0.38 0.00 0.00 0.59 0.00 0.00 0.30 0.24 0.04

0.50 0.39 0.21 unch 0.07 unch 0.63 0.80 0.03 unch 0.30 0.24 0.04 unch

0.08 0.07 0.00 0.00 0.09 0.10 0.00 0.07 0.05 0.00

0.83 1.60 0.26 0.16 3.90 4.99 0.06 0.58 0.47 0.06

0.34 0.28 0.14 0.07 0.43 0.53 0.02 0.10 0.08 0.02

(100s) Stock

Exc Volume

Pacific Empire V V Pacific Silk Pacton Gold V Paladin Energy* O Palamina Corp V Palamina Corp* O Palayan Res* O Paleo Resource V Palladium One* O Palladium One V Pampa Metals C Pampa Metals* O Pan Am Silver* D Pan Am Silver T Pan Global Res* O Pan Global Res V Pancontinental V Pancontinental* O Pangolin Dia V Panoro Mnrls V Panoro Mnrls* O Pantera Silver V PanTerra Gold* O Pantheon Vent V Para Resources V Paramount Gold* X V Parlane Res Pasinex Res C Pasofino Gold* O Pasofino Gold V Patriot Gold C Patriot Gold* O Peabody Enrgy* N Pegasus Res V Pegasus Res* O Pelangio Expl* O Pelangio Expl V Peloton Mnrls C Peloton Mnrls* O PepinNini Lith* O Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal* O Peruvian Metal V Petra Diamonds* O Petrolympic V Petrolympic* O Phenom Res* O Phenom Res V Phoenix Global* O Phoenix Metals V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJX Res V Plata Latina V Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X V Plato Gold Playfair Mng V Playfair Mng* O PNG Copper C PolyMet Mng* X PolyMet Mng T Portofino Res V Portofino Res* O Power Group V Power Metals V Power Metals* O PPX Mining* O V PPX Mining Precipitate Gl* O Precipitate Gl V Prime Meridian V Prime Mining* O Prime Mining V Prism Res V Prismo Metals C ProAm Expl V Probe Metals* O Probe Metals V Prog Planet V Prog Planet* O Prospect Ridge C Prosper Gold V Provenance Gld C Providence V Providence Gld* O Pucara Gold V Pucara Gold* O PUF Vent Inc * O Puma Expl* O Puma Expl V Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res V QC Copper V O QC Copper* QC Precious * O V QC Precious QcX Gold V QMC Quantum Ml*O QMC Quantum Ml V QNB Metals C Quadro Res* O Quadro Res V Quantum Batt* O Quantum Batt C Quartz Mtn Res* O Quartz Mtn Res V Quebec Nickel C Quebec Silica C Questex Gold V

0 0 97 2357 19 82 888 347 415 1134 201 24 13550 2979 140 306 229 26 0 194 64 67 8 103 1569 1283 995 720 50 42 0 24 34993 503 207 100 82 219 284 5 34 1112 549 2665 466 6 19 5 84 357 104 153 2 3 1023 4571 53 102 15 2850 790 248 2171 691 76 0 550 389 8 658 294 0 334 422 5 155 281 157 627 70 1220 0 324 40 93 86 574 80 173 25 276 192 191 48 8 4 120 1275 2 239 147 894 18379 2063 3 890 356 3 82 265 99 154 201 9 137 0 223 0 0 51 167 0

Week High

Low

12-month

Last Change

High Low

0.00 0.00 0.04 unch 0.00 0.07 0.02 0.00 0.00 0.03 unch 0.00 0.04 0.02 0.33 0.00 0.30 - 0.04 0.82 0.27 0.55 0.41 0.41 - 0.09 0.80 0.27 0.16 0.00 0.14 - 0.02 0.37 0.13 0.13 0.12 0.12 - 0.01 0.36 0.10 0.07 0.05 0.06 + 0.00 0.32 0.03 0.02 0.01 0.01 unch 0.00 0.04 0.01 0.12 0.10 0.10 - 0.01 0.26 0.10 0.15 0.13 0.14 - 0.02 0.33 0.13 0.24 0.20 0.21 - 0.03 0.60 0.21 0.19 0.16 0.18 - 0.00 0.48 0.09 22.57 20.56 21.00 - 2.40 31.04 20.56 28.98 26.66 27.36 - 2.54 38.51 26.52 0.42 0.15 0.37 - 0.08 0.70 0.02 0.54 0.46 0.48 - 0.06 0.87 0.45 0.05 0.04 0.05 unch 0.00 0.18 0.04 0.04 0.04 0.04 - 0.00 0.15 0.03 0.00 0.00 0.01 unch 0.00 0.03 0.01 0.16 0.14 0.15 - 0.02 0.21 0.11 0.12 0.00 0.11 - 0.01 0.18 0.08 0.14 0.00 0.13 - 0.02 0.34 0.12 0.05 0.05 0.05 - 0.00 0.07 0.04 0.08 0.07 0.07 unch 0.00 0.28 0.05 0.29 0.27 0.28 + 0.01 0.44 0.24 0.55 0.46 0.49 - 0.04 1.10 0.45 0.04 0.03 0.04 unch 0.00 0.27 0.03 0.06 0.06 0.06 + 0.01 0.07 0.02 0.80 0.62 0.62 - 0.16 1.23 0.46 0.89 0.00 0.80 - 0.04 1.47 0.61 0.00 0.00 0.06 unch 0.00 0.17 0.05 0.05 0.00 0.05 + 0.01 0.13 0.04 24.44 20.56 21.94 - 4.14 33.29 6.78 0.07 0.06 0.06 - 0.01 0.11 0.04 0.06 0.04 0.04 - 0.01 0.10 0.01 0.04 0.04 0.04 unch 0.00 0.13 0.04 0.07 0.00 0.06 + 0.01 0.16 0.05 0.05 0.04 0.05 unch 0.00 0.12 0.04 0.04 0.04 0.04 - 0.01 0.09 0.03 0.33 0.32 0.33 - 0.02 0.73 0.21 4.61 4.26 4.32 - 0.21 11.45 3.79 3.57 3.26 3.32 - 0.20 9.42 2.94 1.71 1.57 1.65 - 0.07 1.88 1.11 0.04 0.03 0.04 unch 0.00 0.07 0.03 0.05 0.04 0.05 + 0.01 0.09 0.01 0.10 0.00 0.10 + 0.04 0.18 0.02 0.14 0.11 0.14 + 0.04 0.22 0.09 1.40 0.00 1.40 unch 0.00 1.80 0.01 0.06 0.00 0.06 - 0.01 0.10 0.04 0.05 0.04 0.05 unch 0.00 0.08 0.04 0.36 0.28 0.33 - 0.01 0.68 0.25 0.46 0.00 0.43 + 0.01 0.85 0.35 0.53 0.53 0.53 unch 0.00 1.29 0.47 0.10 0.00 0.10 unch 0.00 0.55 0.08 1.48 1.21 1.25 - 0.26 1.63 0.27 1.89 1.57 1.61 - 0.31 2.05 0.33 0.14 0.14 0.14 unch 0.00 0.35 0.10 0.16 0.14 0.15 - 0.04 0.23 0.14 0.03 0.00 0.03 unch 0.00 0.05 0.02 0.03 0.03 0.03 unch 0.00 0.05 0.03 0.05 0.05 0.05 - 0.01 0.07 0.04 2.34 2.02 2.11 - 0.31 4.76 1.58 1.83 1.55 1.60 - 0.28 3.90 1.21 0.04 0.00 0.03 - 0.01 0.04 0.02 0.07 0.00 0.07 - 0.01 0.30 0.07 0.05 0.05 0.05 unch 0.00 0.29 0.00 0.06 0.05 0.05 - 0.01 0.17 0.05 2.89 2.52 2.59 - 0.30 4.79 2.41 3.62 3.31 3.32 - 0.34 6.15 3.05 0.08 0.07 0.07 - 0.01 0.17 0.07 0.06 0.05 0.05 - 0.01 0.14 0.05 0.00 0.00 0.02 unch 0.00 0.16 0.02 0.20 0.17 0.18 - 0.02 0.34 0.17 0.16 0.13 0.13 - 0.02 0.27 0.13 0.04 0.04 0.04 unch 0.00 0.50 0.00 0.04 0.00 0.04 + 0.01 0.05 0.02 0.07 0.06 0.06 - 0.01 0.13 0.05 0.08 0.07 0.08 - 0.01 0.17 0.07 0.07 0.00 0.05 - 0.03 0.14 0.05 1.70 1.52 1.59 - 0.06 4.15 1.52 2.24 1.90 1.90 - 0.24 5.24 1.95 0.00 0.00 0.08 unch 0.00 0.22 0.07 0.15 0.00 0.15 + 0.01 0.42 0.12 0.05 0.00 0.05 unch 0.00 0.10 0.05 1.34 1.24 1.24 - 0.12 1.85 1.25 1.75 1.61 1.62 - 0.12 2.33 1.52 0.32 0.26 0.27 - 0.06 0.60 0.25 0.23 0.21 0.21 - 0.06 0.48 0.19 0.26 0.23 0.24 - 0.02 2.75 0.23 0.40 0.00 0.36 - 0.01 2.20 0.29 0.10 0.09 0.10 + 0.01 0.18 0.08 0.07 0.05 0.06 unch 0.00 0.09 0.05 0.09 0.04 0.04 + 0.00 0.16 0.00 0.09 0.00 0.08 - 0.02 0.23 0.08 0.08 0.06 0.06 - 0.02 0.21 0.05 0.05 0.05 0.05 + 0.00 3.17 0.03 0.23 0.19 0.19 - 0.03 0.50 0.19 0.32 0.25 0.32 + 0.04 0.64 0.25 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.72 0.57 0.63 - 0.09 2.11 0.59 0.92 0.78 0.82 - 0.10 2.60 0.78 0.24 0.14 0.15 - 0.08 1.39 0.11 0.30 0.16 0.16 - 0.14 1.70 0.14 0.08 0.07 0.07 - 0.02 0.17 0.07 0.06 0.00 0.06 + 0.01 0.20 0.04 0.22 0.17 0.19 - 0.05 0.47 0.15 0.17 0.14 0.15 - 0.02 0.37 0.11 0.10 0.10 0.10 + 0.00 0.24 0.08 0.14 0.12 0.12 - 0.01 0.30 0.10 0.03 0.00 0.03 unch 0.00 0.22 0.03 0.16 0.14 0.15 - 0.01 0.33 0.14 0.21 0.19 0.19 - 0.02 0.39 0.18 0.13 0.06 0.12 + 0.04 0.25 0.05 0.03 0.02 0.03 - 0.01 0.11 0.01 0.04 0.00 0.04 + 0.01 0.14 0.02 0.00 0.00 0.37 unch 0.00 5.85 0.25 0.55 0.00 0.44 - 0.09 5.85 0.33 0.00 0.00 0.23 unch 0.00 0.29 0.00 0.00 0.00 0.25 unch 0.00 0.39 0.18 0.16 0.00 0.15 - 0.03 0.41 0.10 0.07 0.00 0.04 - 0.01 0.23 0.04 0.00 0.00 0.97 unch 0.00 1.18 0.54

R Rackla Metals Rackla Metals* Radisson Mng Radius Gold Rain City Raindrop Vent Rainy Mtn Royl Rambler Metals* Rare Element* Rathdowney Res Razore Rock Res Ready Set Gold Recharge Res* Red Pine Expl Regulus Res Remington Res Renforth Res Renforth Res* Resolve Vent Reunion Gold Reunion Gold* Revival Gold Revival Gold * Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold* Riley Gold Rio Silver* Rio Silver Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited* Rio2 Limited Rise Gold Corp Rise Gold Corp* Riverside Res Riverside Res* RJK Explor

V 0 O 1 V 1183 V 561 C 90 C 114 V 7 O 2 O 709 V 22 C 111 C 50 O 59 V 965 V 42 V 0 C 585 O 69 V 386 V 4109 O 443 V 132 O 154 V 26 O 466 V 436 V 191 V 0 V 60 O 689 V 77 O 14 V 125 O 29 V 541 N 18483 O 21 O 5 O 319 V 484 C 30 O 25 V 356 O 265 V 102

0.00 0.00 0.13 unch 0.10 0.00 0.10 unch 0.14 0.12 0.13 unch 0.29 0.21 0.25 0.05 0.00 0.05 unch 0.40 0.30 0.36 0.10 0.00 0.10 0.22 0.22 0.22 unch 0.77 0.58 0.64 0.03 0.00 0.03 + 0.10 0.08 0.08 0.07 0.00 0.07 0.23 0.12 0.12 unch 0.44 0.25 0.44 + 0.95 0.00 0.90 0.00 0.00 0.16 unch 0.05 0.04 0.05 0.04 0.03 0.03 0.05 0.04 0.04 unch 0.32 0.27 0.27 0.25 0.21 0.21 0.62 0.54 0.57 0.50 0.41 0.44 0.07 0.00 0.07 0.32 0.27 0.29 0.40 0.35 0.37 0.43 0.00 0.43 + 0.00 0.00 0.05 unch 0.30 0.00 0.28 0.01 0.01 0.01 0.02 0.00 0.02 unch 0.15 0.12 0.15 + 0.20 0.00 0.19 + 0.03 0.03 0.03 0.04 0.00 0.04 unch 70.00 63.88 64.54 69.70 63.06 63.06 79.19 0.00 73.14 0.48 0.39 0.40 0.57 0.52 0.53 0.56 0.00 0.56 unch 0.47 0.36 0.43 0.15 0.13 0.13 0.11 0.10 0.10 0.10 0.00 0.09 -

0.00 0.41 0.12 0.00 0.12 0.01 0.00 0.31 0.11 0.05 0.40 0.20 0.00 0.11 0.01 0.05 1.00 0.27 0.02 0.26 0.09 0.00 2.00 0.02 0.15 2.75 0.60 0.01 0.05 0.02 0.03 0.16 0.08 0.01 0.25 0.06 0.00 0.53 0.00 0.16 0.72 0.25 0.05 1.50 0.70 0.00 0.25 0.16 0.01 0.10 0.04 0.00 0.08 0.03 0.00 0.13 0.04 0.04 0.36 0.06 0.02 0.29 0.04 0.02 0.83 0.49 0.01 0.67 0.37 0.01 0.39 0.07 0.03 0.79 0.24 0.03 0.92 0.31 0.01 1.70 0.39 0.00 0.05 0.03 0.03 0.77 0.26 0.00 0.08 0.01 0.00 0.09 0.01 0.03 0.58 0.11 0.02 0.71 0.10 0.01 0.11 0.00 0.00 0.08 0.03 7.15 89.51 59.58 7.50 89.06 57.41 11.80 100.31 63.01 0.06 0.68 0.39 0.02 0.85 0.50 0.00 0.99 0.36 0.01 0.80 0.28 0.01 0.19 0.13 0.01 0.17 0.10 0.02 0.25 0.08

(100s) Stock

Exc Volume

RJK Explor* Robex Res Rochester Res Rock Tech Lith Rock Tech Lith* Rockcliff Met* Rockcliff Met Rockhaven Re* Rockhaven Res Rockland Res Rockridge Res Rockwealth Res Rogue Res* Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RooGold* RooGold RosCan Gold RosCan Gold* Ross River Rover Metals* Rover Metals Royal Fox Gold Royal Fox Gold* Royal Gold* Royal Rd Mnrls RT Minerals* RT Minerals RTG Mining Rugby Mng Running Fox Rs Rupert Res* Rupert Res Rusoro Mng* Rusoro Mng

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

26 42 3 147 24 20 82 31 120 67 1126 196 12 46 592 50 572 587 50 93 136 1124 344 0 8 393 2304 360 4485 132 6 542 0 292 0 32 151 105 873

S2 Minerals Sabina Gd&Slvr Sabina Gd&Slvr* Sable Res* Sable Res Sailfish Rylty Salazar Res* Salazar Res Sama Res Sama Res* San Lorenzo Sanatana Res* Sanatana Res Sandfire Res Sandfire Res* Sandstorm Gold Sandstorm Gold* Santacruz Silv Sarama Res Sassy Res* Sassy Res Satori Res Satori Res* Saturn Mnrls Savannah Min Saville Res Scandium Intl Scandium Intl* Scorpio Gold * Scorpio Gold Scotch Creek Scotch Creek* Scottie Res* Scottie Res ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold* Seahawk Gold Search Mnls Search Mnls* Searchlight* SearchlightRes Secova Metals* Secova Metals Sego Res Select Sands Sennen Potash Serabi Gold Sherritt Intl Shine Minerals Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res Sienna Res* Sierra Grande Sierra Madre G Sierra Metals Sierra Metals* Sigma Lithium* Sigma Lithium Signature Res Signature Res* Silver Bear Rs Silver Bull Re Silver Bull Re* Silver Dollar Silver Dollar* Silver Eleph Silver Grail Silver Hammer* Silver Hammer Silver One* Silver One Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Spruce* Silver Spruce Silver Valley Silver Viper* Silver Viper Silver Wolf Silver Wolf* Silver X Silver X* Silvercorp Met Silvercorp Met* SilverCrest* SilverCrest Silverstock Silverton Met* Silverton Met Sirios Res Sitka Gold Sitka Gold* Sixty North Sixty North* Skeena Res SKRR Explor Sky Gold* Sky Gold Skyharbour Res Skyharbour Res* Slam Explor Slave Lake Zn Slave Lake Zn* Snowline Gold Snowy Owl Sokoman Min Sokoman Min* Solaris Res SolGold plc* SolGold plc SolidusGold Solitario Ex&R Solitario Ex&R* Solstice Gold Sonora Gld & S Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic South Atlantic*

C 33 T 10234 O 912 O 152 V 940 V 96 O 20 V 43 V 1246 O 4 V 93 O 50 V 220 V 2 O 106 T 1819 N 14105 V 1395 V 20 O 63 C 692 V 313 O 30 V 1271 V 0 V 285 T 205 O 424 O 154 V 116 C 468 O 680 O 187 V 532 V 20 T 441 N 1671 O 5 C 172 V 988 O 73 O 69 V 720 O 50 C 2963 V 1020 V 381 V 0 T 0 T 3278 V 10 O 16 N 20593 O 814 V 985 O 97 C 47 V 0 T 465 X 882 D 2342 V 150 V 186 O 65 T 0 T 8 O 51 C 387 O 183 T 70 V 10 O 595 C 456 O 826 V 414 O 150 V 12 O 1 V 59 O 57 C 26 O 392 V 200 V 64 O 394 V 437 V 182 O 1 V 649 O 113 T 1635 X 7916 X 5849 T 1625 C 16 O 88 V 49 V 95 C 2551 O 683 C 191 O 90 T 891 V 469 O 93 V 112 V 2242 O 668 V 1292 C 207 O 1 C 370 C 1246 V 702 O 174 T 1065 O 32 T 198 V 0 T 47 X 513 V 293 V 0 O 50 V 219 V 1400 V 92 O 0

Week High

Low

12-month

Last Change

High Low

0.09 0.03 0.04 - 0.05 0.40 0.01 0.39 0.00 0.37 - 0.02 0.43 0.26 0.05 0.00 0.05 + 0.01 0.08 0.04 4.67 3.76 4.19 - 0.40 9.38 3.76 3.52 3.02 3.25 - 0.31 7.53 3.03 0.04 0.04 0.04 unch 0.00 0.07 0.04 0.05 0.05 0.05 unch 0.00 0.08 0.04 0.09 0.01 0.01 - 0.06 0.13 0.00 0.08 0.08 0.08 - 0.01 0.14 0.08 0.10 0.00 0.09 - 0.01 0.26 0.09 0.07 0.06 0.07 - 0.01 0.17 0.06 0.25 0.21 0.23 - 0.04 0.45 0.12 0.06 0.06 0.06 unch 0.00 0.10 0.05 0.07 0.00 0.07 - 0.01 0.16 0.06 0.30 0.21 0.23 - 0.06 1.01 0.22 0.15 0.14 0.14 - 0.01 0.46 0.12 0.20 0.16 0.17 - 0.02 0.56 0.16 0.04 0.00 0.04 + 0.01 0.07 0.04 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.06 0.04 0.06 + 0.00 0.41 0.04 0.07 0.06 0.06 - 0.01 0.43 0.06 0.32 0.26 0.27 - 0.06 0.47 0.23 0.25 0.20 0.22 - 0.03 0.47 0.11 0.00 0.00 0.26 unch 0.00 0.26 0.26 0.03 0.02 0.03 + 0.00 0.09 0.02 0.04 0.00 0.03 - 0.01 0.11 0.03 0.06 0.05 0.05 - 0.01 0.08 0.04 0.04 0.04 0.04 - 0.01 0.11 0.03 113.60 103.58 108.93 - 5.91 147.70 92.01 0.28 0.00 0.22 - 0.01 0.35 0.16 0.01 0.01 0.01 unch 0.00 0.08 0.01 0.01 0.00 0.01 - 0.01 0.10 0.01 0.00 0.00 0.08 unch 0.00 0.17 0.07 0.15 0.00 0.15 + 0.01 0.24 0.10 0.00 0.00 0.02 unch 0.00 0.05 0.02 4.18 3.69 3.76 - 0.44 5.37 3.30 5.34 4.82 4.95 - 0.45 6.77 4.19 0.07 0.07 0.07 unch 0.00 0.07 0.03 0.09 0.07 0.08 - 0.02 0.10 0.04

S 0.18 1.24 0.92 0.21 0.27 1.28 0.16 0.22 0.16 0.14 0.13 0.12 0.15 0.17 0.13 8.51 6.63 0.40 0.19 0.27 0.35 0.11 0.09 2.81 0.00 0.03 0.10 0.08 0.05 0.07 0.46 0.38 0.15 0.19 0.67 18.44 14.33 0.30 0.39 0.16 0.12 0.06 0.08 0.04 0.06 0.08 0.09 0.00 0.00 0.57 0.10 2.79 11.28 0.19 0.06 0.05 0.16 0.00 1.20 0.93 16.38 21.10 0.06 0.04 0.00 0.28 0.21 0.68 0.53 0.59 0.10 0.35 0.44 0.23 0.29 0.08 0.13 0.09 0.14 0.06 0.08 0.02 0.03 0.17 0.19 0.24 0.13 0.09 0.23 0.18 3.60 2.81 7.32 9.41 0.21 0.11 0.14 0.07 0.16 0.13 0.06 0.04 9.23 0.06 0.04 0.05 0.38 0.31 0.03 0.14 0.01 0.92 0.05 0.30 0.22 11.06 0.43 0.55 0.00 0.79 0.61 0.12 0.00 0.11 0.15 0.04 0.06 0.00

0.00 1.06 0.81 0.18 0.23 1.12 0.00 0.00 0.12 0.14 0.00 0.12 0.14 0.00 0.10 7.85 6.04 0.34 0.00 0.22 0.30 0.10 0.00 2.51 0.00 0.00 0.09 0.05 0.05 0.00 0.35 0.25 0.13 0.17 0.00 16.82 12.97 0.25 0.33 0.15 0.11 0.05 0.07 0.04 0.05 0.00 0.00 0.00 0.00 0.49 0.00 2.65 10.26 0.15 0.05 0.04 0.15 0.00 1.05 0.80 14.50 18.97 0.00 0.04 0.00 0.00 0.16 0.52 0.40 0.52 0.00 0.27 0.35 0.19 0.25 0.08 0.00 0.08 0.00 0.00 0.00 0.02 0.00 0.00 0.14 0.18 0.10 0.09 0.20 0.15 3.31 2.56 6.42 8.38 0.00 0.11 0.00 0.06 0.14 0.10 0.00 0.04 8.13 0.00 0.03 0.04 0.31 0.24 0.00 0.09 0.01 0.80 0.03 0.24 0.18 9.08 0.00 0.52 0.00 0.70 0.56 0.00 0.00 0.11 0.00 0.03 0.00 0.00

0.15 1.24 + 0.92 + 0.20 0.25 1.12 0.16 0.21 0.13 0.14 unch 0.12 + 0.12 0.15 0.17 + 0.12 + 8.30 6.37 0.34 0.18 0.25 + 0.33 + 0.10 0.08 2.54 0.26 unch 0.03 0.10 unch 0.07 0.05 0.06 0.35 0.28 0.14 0.19 unch 0.66 + 17.61 13.51 0.25 0.33 0.15 0.11 0.06 + 0.07 0.04 unch 0.05 0.08 unch 0.08 0.45 unch 0.63 unch 0.51 0.10 unch 2.70 10.89 0.17 0.05 0.04 0.15 unch 0.74 unch 1.18 + 0.90 15.41 20.08 0.05 0.04 0.05 unch 0.27 0.21 0.54 + 0.41 + 0.54 unch 0.10 + 0.27 0.36 0.20 0.25 0.08 + 0.13 + 0.08 0.13 + 0.06 unch 0.08 + 0.02 0.02 unch 0.14 0.16 0.20 0.12 0.09 0.22 0.17 3.45 2.67 6.48 8.51 0.20 0.11 0.12 0.07 unch 0.14 + 0.10 0.05 0.04 8.42 0.05 0.03 0.04 0.32 0.26 0.03 unch 0.11 + 0.01 unch 0.86 + 0.03 0.27 0.19 9.47 0.43 + 0.52 0.11 unch 0.70 0.60 0.11 unch 0.09 unch 0.11 + 0.14 unch 0.04 unch 0.05 0.01 unch

0.01 0.07 0.00 0.00 0.03 0.21 0.03 0.01 0.04 0.00 0.02 0.01 0.02 0.02 0.01 0.45 0.46 0.07 0.04 0.00 0.02 0.01 0.01 0.33 0.00 0.01 0.00 0.01 0.01 0.01 0.11 0.08 0.01 0.00 0.12 1.28 1.27 0.04 0.04 0.02 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.03 0.00 0.05 0.79 0.00 0.01 0.01 0.00 0.00 0.01 0.02 1.62 1.47 0.01 0.00 0.00 0.01 0.01 0.02 0.01 0.00 0.01 0.08 0.08 0.01 0.03 0.01 0.03 0.01 0.02 0.00 0.01 0.00 0.00 0.03 0.03 0.04 0.02 0.02 0.01 0.02 0.26 0.26 1.19 1.26 0.02 0.01 0.07 0.00 0.01 0.00 0.01 0.00 0.97 0.01 0.01 0.01 0.06 0.03 0.00 0.01 0.00 0.01 0.02 0.04 0.05 2.20 0.01 0.01 0.00 0.10 0.02 0.00 0.00 0.00 0.00 0.00 0.02 0.00

0.30 1.90 1.53 0.28 0.34 1.65 0.32 0.42 0.28 0.22 0.18 0.15 0.20 0.24 0.20 11.61 9.31 0.56 0.28 0.68 0.83 0.18 0.14 4.49 0.35 0.06 0.25 0.20 0.14 0.17 0.94 2.88 0.22 0.25 0.75 28.00 22.22 0.72 0.90 0.33 0.27 0.11 0.14 0.22 0.22 0.13 0.14 0.45 1.30 0.85 0.16 5.15 20.64 0.28 0.15 0.12 0.90 0.90 4.12 3.37 19.99 25.05 0.17 0.14 0.14 1.55 1.25 1.07 0.89 4.05 0.25 0.86 1.08 0.57 0.69 0.15 0.19 0.23 0.21 0.18 0.22 0.06 0.08 0.33 0.62 0.75 0.54 0.47 0.52 0.41 7.75 6.37 10.13 12.99 0.29 0.64 0.70 0.11 0.20 0.15 0.09 0.07 17.11 0.20 0.16 0.20 0.87 0.70 0.16 0.31 0.38 1.34 0.16 0.76 0.64 17.17 0.52 0.67 0.12 1.20 0.98 0.25 0.09 0.32 0.39 0.11 0.10 0.11

0.13 1.04 0.80 0.12 0.16 1.09 0.15 0.21 0.12 0.09 0.08 0.06 0.07 0.11 0.08 6.86 5.31 0.22 0.15 0.21 0.25 0.10 0.08 2.20 0.21 0.03 0.08 0.01 0.03 0.05 0.36 0.18 0.12 0.16 0.45 16.82 12.97 0.16 0.20 0.12 0.09 0.03 0.06 0.00 0.04 0.06 0.05 0.45 0.51 0.36 0.09 0.00 10.26 0.11 0.05 0.04 0.15 0.39 1.01 0.77 4.60 5.62 0.05 0.04 0.04 0.23 0.16 0.49 0.37 0.50 0.09 0.28 0.36 0.19 0.25 0.07 0.07 0.03 0.09 0.05 0.07 0.02 0.02 0.11 0.14 0.18 0.10 0.08 0.20 0.00 3.22 2.46 5.99 7.84 0.12 0.08 0.09 0.06 0.08 0.06 0.04 0.03 8.13 0.05 0.03 0.05 0.31 0.24 0.03 0.06 0.01 0.24 0.03 0.24 0.18 9.08 0.29 0.39 0.07 0.53 0.41 0.09 0.09 0.10 0.13 0.02 0.04 0.01

GLOBAL MINING NEWS

(100s) Stock

Week

Exc Volume

South Star Bat South Star Bat* South32* Southern Copp* Southern Emp Southern Silvr Southern Silvr* SouthGobi Res Southstone Min* Southstone Min Spanish Mtn Gd Spanish Mtn Gd* Sparton Res Sparton Res* SPC Nickel SPC Nickel* Spearmint Res Spearmint Res* Sphinx Res Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St-Georges Eco St-Georges Eco* St. James Gold St. James Gold* Stakeholdr Gld Stallion Gold Standard Graph* Standard Metal* Standard Uran* Standard Uran Stans Energy Star Diamond* Star Diamond Star Gold* Starcore Intl* Starcore Intl Starr Peak* Starr Peak Stellar Africa* Stellar Africa Stelmine Can Stelmine Can* Steppe Gold Steppe Gold* Sterling Metal Sterling Metal* Stevens Gold* Stevens Gold Stinger Res* Stinger Res Stone Gold Straightup Res Straightup Re* Stratabd Mnr* Stratabd Mnr Strategic Metl* Strategic Metl Strategic Res Strategic Res* Stria Lithium Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor* Stuhini Explor Stuve Gold Sulliden Mng* Sulliden Mng Summa Silver* Summa Silver Sun Peak Metal Sun Summit Suncor Energy* Suncor Energy Superior Gold* Superior Gold Superior Mng Surge Battery* Surge Battery Surge Copper Surge Copper* Sylla Gold Syrah Res*

V 475 O 202 O 5 N 7114 V 392 V 355 O 470 T 1 O 1 V 110 V 2001 O 709 V 177 O 45 V 179 O 25 C 2753 O 600 V 0 V 423 V 256 D 10862 T 2765 T 544 C 951 O 854 V 49 O 79 V 5 V 0 O 1976 O 5 O 986 V 1939 V 92 O 9 T 960 O 19 O 145 T 82 O 56 V 108 O 7 V 849 V 292 O 188 T 77 O 14 V 636 O 345 O 137 C 2963 O 5 V 57 V 379 C 270 O 21 O 5 V 154 O 179 V 256 V 23 O 10 V 89 V 581 O 456 V 968 O 102 V 37 O 9 V 94 V 2 O 0 T 3 O 722 V 1100 V 86 V 372 N 49212 T 68769 O 128 V 749 V 47 O 112 V 185 V 714 O 153 V 205 O 412

Tajiri Res Talisker Res Talisker Res* Talmora Diamd Talon Metals Tanqueray Expl Tantalex Res Tanzanian Gold Tarachi Gold* Tarachi Gold

V T O C T V C T O C

THE NORTHERN MINER / JUNE 27 — JULY 10, 2022

High

Low

0.13 0.10 3.20 58.86 0.08 0.26 0.20 0.00 0.03 0.03 0.20 0.16 0.08 0.07 0.09 0.06 0.09 0.07 0.00 0.07 0.94 19.79 25.40 0.07 0.23 0.18 0.45 0.34 0.59 0.00 0.00 6.36 0.08 0.10 0.01 0.22 0.29 0.02 0.24 0.27 0.92 1.16 0.05 0.06 0.23 0.18 1.30 1.10 0.38 0.30 0.26 0.32 0.06 0.09 0.23 0.10 0.09 0.04 0.06 0.24 0.31 0.32 0.25 0.16 0.08 0.06 0.43 0.33 0.39 0.40 0.62 0.09 0.00 0.09 0.69 0.90 0.17 0.26 40.50 52.29 0.67 0.87 0.28 0.05 0.08 0.22 0.16 0.18 0.96

0.10 0.08 0.00 54.83 0.00 0.22 0.17 0.00 0.03 0.00 0.18 0.14 0.00 0.05 0.07 0.06 0.08 0.06 0.00 0.00 0.86 17.88 23.24 0.06 0.20 0.15 0.43 0.00 0.00 0.00 0.00 0.00 0.06 0.07 0.00 0.21 0.26 0.02 0.16 0.00 0.75 1.05 0.04 0.00 0.16 0.12 1.06 0.87 0.31 0.25 0.19 0.24 0.06 0.00 0.19 0.00 0.07 0.04 0.05 0.22 0.28 0.00 0.25 0.00 0.06 0.05 0.34 0.27 0.00 0.40 0.48 0.00 0.00 0.00 0.48 0.60 0.00 0.22 33.86 44.22 0.60 0.76 0.00 0.04 0.00 0.19 0.14 0.00 0.78

12-month

Last Change

0.10 0.09 3.20 55.45 0.08 + 0.25 0.18 0.18 unch 0.03 unch 0.03 unch 0.18 0.14 0.07 0.07 unch 0.08 0.06 unch 0.09 unch 0.07 0.01 unch 0.06 0.87 18.91 24.59 0.07 + 0.21 0.16 0.43 0.34 + 0.59 + 0.27 unch 0.00 unch 6.28 0.06 0.09 0.01 unch 0.21 + 0.26 0.02 0.19 0.26 0.83 1.06 0.04 0.05 0.17 0.13 1.20 0.91 0.33 0.26 0.23 + 0.32 + 0.06 unch 0.09 unch 0.20 0.06 0.07 0.04 + 0.06 unch 0.22 0.28 0.32 + 0.25 + 0.12 0.07 unch 0.05 0.43 + 0.30 + 0.36 0.40 0.57 0.09 + 0.06 unch 0.09 unch 0.58 0.76 0.15 0.22 34.32 44.72 0.64 + 0.84 0.27 0.05 0.07 unch 0.19 0.14 0.16 0.87 -

High Low

0.03 0.38 0.10 0.01 0.30 0.08 0.13 4.09 2.03 4.66 79.32 53.36 0.01 0.25 0.07 0.01 0.51 0.21 0.02 0.42 0.16 0.00 1.36 0.12 0.00 0.04 0.03 0.00 0.06 0.02 0.01 0.34 0.16 0.00 0.27 0.12 0.01 0.18 0.07 0.00 0.15 0.01 0.01 0.23 0.07 0.00 0.15 0.00 0.00 0.21 0.08 0.01 0.17 0.05 0.00 0.02 0.01 0.01 0.15 0.06 0.09 0.96 0.37 1.52 24.58 14.19 1.54 31.00 18.08 0.01 0.19 0.06 0.01 0.58 0.19 0.02 0.46 0.15 0.01 5.58 0.38 0.02 4.45 0.29 0.02 1.12 0.57 0.00 0.60 0.24 0.00 0.50 0.00 0.08 18.00 1.01 0.02 0.39 0.06 0.02 0.51 0.07 0.00 0.06 0.01 0.00 0.37 0.13 0.03 0.49 0.17 0.00 0.07 0.02 0.04 0.24 0.13 0.01 0.31 0.19 0.07 3.16 0.73 0.12 3.81 1.01 0.01 1.00 0.01 0.01 0.07 0.04 0.06 0.35 0.13 0.05 0.31 0.11 0.11 2.13 1.06 0.11 1.77 0.83 0.05 0.69 0.20 0.04 0.55 0.15 0.00 0.26 0.06 0.08 0.32 0.08 0.00 0.23 0.01 0.00 0.28 0.08 0.02 0.30 0.07 0.03 0.27 0.05 0.02 0.26 0.07 0.00 0.25 0.04 0.00 0.17 0.05 0.03 0.34 0.21 0.04 0.43 0.28 0.04 0.45 0.19 0.02 0.28 0.19 0.07 0.65 0.12 0.00 0.24 0.06 0.01 0.19 0.05 0.05 0.58 0.18 0.00 0.44 0.13 0.02 0.80 0.24 0.11 0.69 0.39 0.08 0.99 0.50 0.01 0.30 0.09 0.00 0.21 0.06 0.00 0.28 0.07 0.12 1.29 0.48 0.15 1.54 0.60 0.04 0.39 0.17 0.05 0.92 0.22 6.99 42.72 17.10 8.06 53.62 21.90 0.02 0.94 0.35 0.01 1.20 0.45 0.01 0.65 0.25 0.01 0.35 0.04 0.00 0.38 0.07 0.03 0.47 0.20 0.03 0.37 0.15 0.01 0.30 0.16 0.09 2.48 0.71

T 132 988 63 176 3443 89 1712 282 163 409

0.04 0.25 0.18 0.02 0.56 6.00 0.14 0.53 0.08 0.10

0.00 0.22 0.17 0.00 0.48 4.91 0.10 0.44 0.07 0.09

0.04 unch 0.00 0.09 0.04 0.23 - 0.02 0.38 0.22 0.17 - 0.02 0.31 0.17 0.01 unch 0.00 0.04 0.01 0.50 - 0.06 0.89 0.44 6.00 + 0.19 20.20 4.52 0.13 unch 0.00 0.19 0.05 0.52 + 0.05 0.69 0.35 0.08 + 0.01 0.24 0.06 0.09 - 0.01 0.30 0.08

(100s) Stock

Exc Volume

Taranis Res V 106 O 187 Taranis Res* Tarku Res V 90 Tarku Res* O 35 C 805 Tartisan Nick Tartisan Nick* O 46 Taseko Mines* X 9749 Taseko Mines T 1646 TDG Gold V 210 Teck Res T 70 N 25728 Teck Res* Teck Res T 13587 243 Tectonic Metal* O 1173 Tectonic Metal V Temas Res* O 336 Temas Res C 298 Tembo Gold V 194 13 Tembo Gold* O Tempus Res* O 80 Tempus Res V 50 O 110 Teras Res* Teras Res V 204 Terrax Mnrls V 712 Terrax Mnrls* O 254 V 360 Terreno Res Tesoro Mnrls V 2 Teuton Res V 68 Teuton Res* O 24 Texas Mineral* O 380 V 0 Themac Res Thesis Gold V 85 Theta Gold* O 215 Thor Explor V 119 Thor Explor* O 1 Three Valley* O 642 Three Valley V 2660 Thunder Mtn Gd* O 80 Thunder Mtn Gd V 0 Thunderstruck V 112 Thunderstruck* O 15 Tier One Silv V 297 Timberline Res V 195 Timberline Res* O 229 Tinka Res* O 57 Tinka Res V 87 Tintina Mines V 3 Tisdale Res* O 0 Tisdale Res V 7 Titan Mining T 51 Titan Mining* O 20 Titanium Corp V 630 TNR Gold V 685 201 Tocvan Venture C Tocvan Venture* O 1 TomaGold V 197 Tombill Mines V 696 Tombill Mines* O 533 7 Tombstone Expl* O Tonogold Res* O 1453 Torex Gold* O 143 Torex Gold T 1667 Torq Resources* O 6 Torq Resources V 528 Tower Res* O 308 Tower Res V 1222 Traction Uran* O 11 Traction Uran C 216 Trailbreaker* O 22 Trailbreaker V 49 Trans Canada V 4 Trans Canada* O 18 Transatlantic V 355 Transforma Res V 0 Transition Met V 16 Transition Met* O 8 Treasury Metal T 150 54 Treasury Metal* O Trecora Res* N 1108 Tres-Or Res V 79 Tres-Or Res* O 28 Trevali Mining T 992 Tri-River Vent V 0 Trident Gold V 78 Trifecta Gold* O 41 Trifecta Gold V 82 16 Trillium Gold* O Trillium Gold V 573 Trilogy Mtls T 103 Trilogy Mtls* X 696 TriMetals Mng* O 34 O 7 Trinity Res* Triple Flag T 24 TriStar Gold V 57 TriStar Gold* O 189 Triumph Gold V 156 240 Triumph Gold* O Troilus Gold* O 148 Troilus Gold T 578 Troubadour Res V 33 TRU Precious V 672 TRU Precious* O 104 True North Gem* O 6

Week High

Low

12-month

Last Change

High Low

0.13 0.00 0.13 + 0.01 0.15 0.08 0.10 0.09 0.10 unch 0.00 0.11 0.07 0.06 0.00 0.05 - 0.02 0.12 0.05 0.06 0.05 0.05 - 0.04 4.84 0.01 0.39 0.31 0.34 - 0.06 0.55 0.30 0.30 0.24 0.26 - 0.06 0.46 0.20 1.24 1.27 - 0.24 2.41 1.30 1.47 1.89 1.62 1.71 - 0.22 3.00 1.67 0.32 0.24 0.28 - 0.07 0.75 0.24 53.39 48.25 48.49 - 6.07 62.75 28.70 40.84 35.50 36.46 - 5.82 45.90 19.32 52.69 46.44 47.50 - 6.51 57.50 24.84 0.04 0.04 0.04 - 0.01 0.14 0.03 0.07 0.05 0.05 - 0.01 0.18 0.05 0.08 0.05 0.06 - 0.01 0.48 0.05 0.10 0.08 0.09 - 0.01 0.59 0.07 0.27 0.25 0.26 unch 0.00 0.36 0.12 0.22 0.19 0.21 - 0.01 0.24 0.09 0.05 0.04 0.04 - 0.00 0.42 0.04 0.07 0.00 0.07 + 0.01 0.28 0.06 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.03 0.00 0.03 unch 0.00 0.06 0.02 0.20 0.16 0.17 - 0.02 0.29 0.16 0.17 0.12 0.13 - 0.02 0.24 0.12 0.03 0.00 0.03 unch 0.00 0.05 0.02 0.04 0.00 0.04 unch 0.00 0.06 0.03 1.52 1.35 1.47 - 0.04 2.58 1.35 1.19 1.05 1.18 - 0.00 2.42 1.00 2.09 1.82 1.90 - 0.15 2.55 1.30 0.00 0.00 0.06 unch 0.00 0.12 0.06 1.90 1.72 1.84 - 0.08 3.08 1.10 0.10 0.06 0.06 - 0.01 0.25 0.06 0.26 0.00 0.22 - 0.04 0.39 0.20 0.22 0.22 0.22 unch 0.00 1.00 0.17 0.03 0.02 0.02 - 0.01 0.59 0.02 0.04 0.03 0.03 - 0.01 0.59 0.03 0.09 0.08 0.08 - 0.02 0.19 0.06 0.00 0.00 0.10 unch 0.00 0.19 0.10 0.07 0.00 0.06 - 0.02 0.13 0.06 0.06 0.05 0.05 - 0.00 0.09 0.04 0.49 0.41 0.41 - 0.05 1.58 0.40 0.23 0.20 0.22 - 0.03 0.39 0.15 0.19 0.16 0.17 - 0.02 0.35 0.11 0.14 0.12 0.12 - 0.02 0.19 0.10 0.17 0.00 0.16 - 0.01 0.24 0.13 0.04 0.00 0.04 - 0.01 0.08 0.03 0.00 0.00 0.23 unch 0.00 0.55 0.20 0.38 0.00 0.35 - 0.03 0.70 0.02 0.68 0.59 0.63 - 0.07 0.79 0.28 0.53 0.53 0.53 unch 0.00 0.74 0.10 1.60 1.35 1.40 - 0.16 2.00 0.20 0.05 0.00 0.05 unch 0.00 0.07 0.04 0.94 0.91 0.93 - 0.02 1.67 0.67 0.77 0.00 0.77 unch 0.00 1.18 0.58 0.07 0.00 0.05 - 0.02 0.08 0.05 0.07 0.06 0.06 - 0.02 0.29 0.04 0.07 0.05 0.05 - 0.02 0.35 0.03 0.75 0.46 0.70 + 0.24 2.80 0.46 0.11 0.07 0.07 - 0.01 0.22 0.07 10.29 8.99 9.18 - 1.14 14.77 8.99 12.73 11.63 11.90 - 1.25 17.50 11.63 0.67 0.56 0.56 - 0.09 0.85 0.43 0.85 0.72 0.73 - 0.11 1.08 0.55 0.29 0.23 0.26 + 0.04 0.29 0.03 0.38 0.28 0.34 + 0.06 0.38 0.04 0.34 0.00 0.34 - 0.00 1.00 0.24 0.45 0.39 0.43 - 0.02 1.08 0.20 0.18 0.16 0.16 - 0.02 0.38 0.14 0.21 0.00 0.20 - 0.02 0.49 0.17 0.05 0.00 0.05 - 0.02 0.25 0.05 0.05 0.03 0.03 - 0.01 0.18 0.03 0.02 0.00 0.02 + 0.01 0.05 0.01 0.00 0.00 0.07 unch 0.00 0.20 0.06 0.14 0.00 0.12 - 0.02 0.22 0.12 0.11 0.09 0.09 - 0.02 0.20 0.07 0.43 0.38 0.42 + 0.01 0.96 0.38 0.33 0.29 0.31 - 0.02 0.80 0.29 9.78 9.60 9.78 + 0.10 9.79 7.46 0.07 0.07 0.07 unch 0.00 0.14 0.06 0.05 0.05 0.05 unch 0.00 0.11 0.05 0.63 0.55 0.55 - 0.10 2.70 0.57 0.00 0.00 0.04 unch 0.00 0.04 0.04 0.16 0.00 0.15 - 0.03 0.18 0.09 0.05 0.04 0.04 - 0.00 0.24 0.00 0.06 0.00 0.06 - 0.01 0.11 0.06 0.24 0.21 0.21 - 0.04 0.84 0.21 0.32 0.27 0.27 - 0.05 1.06 0.27 1.21 1.04 1.12 - 0.13 3.27 1.04 0.95 0.81 0.85 - 0.11 2.70 0.81 0.15 0.13 0.14 - 0.01 0.21 0.10 0.18 0.18 0.18 - 0.01 0.75 0.00 17.63 16.15 17.09 - 0.34 20.83 10.50 0.16 0.00 0.15 - 0.01 0.31 0.13 0.12 0.10 0.12 - 0.01 0.25 0.10 0.09 0.00 0.08 - 0.02 0.23 0.07 0.07 0.06 0.06 - 0.01 0.18 0.06 0.51 0.43 0.44 - 0.08 0.86 0.43 0.66 0.55 0.57 - 0.11 1.05 0.55 0.13 0.00 0.11 - 0.03 0.61 0.11 0.11 0.08 0.10 - 0.01 0.37 0.08 0.16 0.07 0.07 - 0.01 0.32 0.02 0.07 0.07 0.07 unch 0.00 0.09 0.06

(100s) Stock

Week

Exc Volume

True North Gem TRX Gold* Tsodilo Res Tudor Gold * Tudor Gold Turmalina Met* Turmalina Met Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tymbal Res

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

7 6408 20 76 270 33 48 3288 2542 498 208 11

U.S. Gold* D U3O8 Corp V Ubique Mineral C UC Res* O Ucore Rare Mtl V Ucore Rare Mtl* O UEX Corp T Ultra Resource* O Ultra Resource V Umbral Enrgy* O Unigold* O Unigold V United Battery C United Battery* O United Res Hdg* O United States A* X United States S* N Universal Cop* O Universal Cop V Universal Vent V Ur-Energy* X Ur-Energy T Uragold Bay Rs V Uranium Energy* X Uranium Hunter* O Uranium Res* X Uranium Roylty V Uranium Roylty* D Uravan Mnrls V O USCorp* Usha Res* O Usha Res V V Val-d’Or Mg Val-d’Or Mg* O N Vale* ValOre Metals* O ValOre Metals V Valorem Res C Valterra Res* O Valterra Res V Vanadian Enrgy* O Vanadian Enrgy V Vanadiumcorp V Vanstar Mng Rs* O Vanstar Mng Rs V Vantex Res V Vatic Vent V Velocity Mnrls V Velocity Mnrls* O Vendetta Mng V Vendetta Mng* O Venerable Vent V Venture Mnrls* O Verde Potash T O Verde Res* Vertical Expl V Victoria Gold* O Victoria Gold T O Victory Res* Victory Res C Virginia Enrgy* O Virginia Enrgy V Viscount Mng V Visible Gold M V Visible Gold M* O Vision Lithium V Vision Lithium* O Visionary Gold V T Vista Gold Vista Gold* X O Viva Gold* Viva Gold V Vizsla Copper V Vizsla Silver V Volatus Cap C Volcanic Gold* O Volcanic Gold V Volt Carbon* O V Volt Carbon Voyager Metals V Voyager Metals* O Voyageur Min V Voyageur Min* O Voyageur Min C VR Resources* O VR Resources V Vulcan Mnrls* O Vulcan Mnrls V

142 89 297 8463 44 139 32365 2 161 772 32 652 146 156 200 1672 89795 8 48 18 8953 901 2259 69945 2518 3617 524 2656 20 26 216 616 118 86 189404 268 4174 395 25 66 25 340 38 60 110 1 23 57 81 770 50 0 560 1456 33 590 202 1037 313 1334 115 78 532 182 48 2425 191 76 135 834 134 51 77 919 2 7 897 21 31 157 44 902 101 54 140 298 41 1076

High

Low

12-month

Last Change

High Low

0.08 0.00 0.08 + 0.02 0.11 0.07 0.41 0.34 0.40 + 0.03 0.56 0.26 0.60 0.00 0.51 - 0.09 1.46 0.50 1.20 1.07 1.09 - 0.05 2.40 1.05 1.51 1.34 1.40 - 0.05 2.81 1.34 0.35 0.30 0.31 - 0.03 0.80 0.27 0.44 0.40 0.40 - 0.03 0.99 0.34 28.57 26.27 27.73 - 1.10 31.05 9.75 36.93 34.35 36.13 - 0.69 38.92 12.15 0.03 0.00 0.03 unch 0.00 0.05 0.03 0.03 0.02 0.03 + 0.01 0.05 0.02 0.01 0.00 0.01 + 0.01 0.02 0.01

U-V 5.13 0.18 0.11 1.82 0.77 0.61 0.37 0.15 0.22 0.05 0.07 0.09 0.35 0.24 0.06 0.43 21.50 0.04 0.07 4.20 1.22 1.57 0.39 3.72 0.02 1.14 3.64 2.83 0.13 0.01 0.29 0.38 0.10 0.08 16.43 0.31 0.41 0.03 0.02 0.02 0.02 0.03 0.11 0.31 0.39 0.21 0.17 0.27 0.21 0.06 0.04 0.00 0.03 8.23 0.09 0.05 10.89 14.16 0.03 0.03 0.38 0.49 0.29 0.09 0.06 0.11 0.08 0.07 0.99 0.81 0.07 0.11 0.12 1.80 0.08 0.23 0.31 0.07 0.11 0.14 0.11 0.11 0.10 0.39 0.18 0.23 0.24 0.33

4.45 0.17 0.10 0.93 0.71 0.55 0.33 0.00 0.20 0.03 0.06 0.07 0.27 0.20 0.04 0.38 19.23 0.02 0.00 3.72 1.05 1.38 0.30 3.14 0.02 1.00 3.10 2.40 0.00 0.00 0.27 0.35 0.00 0.06 14.75 0.26 0.34 0.00 0.01 0.00 0.02 0.00 0.00 0.28 0.00 0.00 0.00 0.00 0.20 0.05 0.04 0.00 0.03 7.17 0.08 0.00 9.93 12.90 0.02 0.03 0.22 0.30 0.23 0.00 0.01 0.08 0.06 0.00 0.00 0.71 0.06 0.00 0.08 1.50 0.00 0.23 0.26 0.06 0.00 0.00 0.11 0.10 0.07 0.00 0.14 0.18 0.00 0.27

4.46 0.17 0.10 + 1.02 0.72 0.57 0.34 + 0.15 0.20 0.04 0.06 0.08 unch 0.29 + 0.22 + 0.05 + 0.43 + 19.89 0.02 0.06 unch 4.20 + 1.09 1.40 0.31 3.33 0.02 + 1.14 + 3.26 2.48 0.13 0.00 0.27 0.36 0.08 0.06 14.93 0.27 0.35 0.02 0.02 0.02 unch 0.02 0.03 unch 0.11 + 0.28 0.37 0.21 0.17 0.27 + 0.20 0.05 0.04 + 0.12 unch 0.03 + 7.86 0.09 + 0.05 10.21 13.30 0.02 0.03 unch 0.26 0.35 0.28 unch 0.08 0.06 + 0.09 0.06 0.06 0.96 0.74 0.07 0.09 0.10 1.58 0.08 + 0.23 0.26 0.07 0.10 0.14 0.11 unch 0.10 0.07 0.30 0.14 0.18 0.23 + 0.31 unch

0.35 13.20 3.91 0.02 0.70 0.11 0.02 0.11 0.04 0.91 20.97 1.00 0.06 1.25 0.71 0.05 0.99 0.54 0.06 0.60 0.24 0.02 0.34 0.11 0.01 0.45 0.13 0.01 0.12 0.01 0.00 0.14 0.06 0.00 0.17 0.07 0.02 1.02 0.26 0.01 0.85 0.06 0.00 0.25 0.01 0.02 1.15 0.34 2.26 39.25 17.98 0.02 0.15 0.01 0.00 0.15 0.06 0.10 8.25 2.60 0.17 2.15 1.01 0.22 2.72 1.28 0.08 0.84 0.28 0.69 6.60 1.89 0.01 0.07 0.01 0.04 5.70 1.00 0.56 7.31 2.75 0.47 5.95 2.25 0.03 0.65 0.11 0.00 0.06 0.00 0.02 0.34 0.15 0.01 0.40 0.19 0.02 0.21 0.10 0.02 0.29 0.03 1.93 23.18 11.16 0.05 0.50 0.16 0.06 0.63 0.22 0.01 0.18 0.02 0.00 0.05 0.01 0.00 0.05 0.02 0.00 0.10 0.02 0.00 0.13 0.02 0.01 0.65 0.10 0.04 0.64 0.25 0.03 0.79 0.33 0.02 0.26 0.16 0.02 0.31 0.15 0.01 0.48 0.25 0.02 0.40 0.18 0.01 0.08 0.04 0.00 0.07 0.01 0.00 0.12 0.12 0.00 0.12 0.03 0.13 11.54 0.88 0.01 0.27 0.03 0.01 0.20 0.04 1.09 17.04 9.50 1.15 21.00 12.72 0.01 0.11 0.02 0.00 0.14 0.03 0.09 0.79 0.14 0.07 0.98 0.18 0.00 0.55 0.23 0.01 0.21 0.07 0.05 0.25 0.01 0.02 0.34 0.08 0.02 0.27 0.06 0.02 0.24 0.05 0.06 1.70 0.77 0.07 1.40 0.59 0.00 0.18 0.06 0.02 0.22 0.08 0.01 0.70 0.08 0.27 3.45 1.43 0.01 0.17 0.02 0.02 0.55 0.03 0.04 0.67 0.24 0.01 0.19 0.06 0.01 0.20 0.07 0.01 0.27 0.11 0.00 0.25 0.00 0.02 0.20 0.08 0.02 0.23 0.03 0.09 0.50 0.30 0.01 0.55 0.15 0.03 0.68 0.19 0.01 0.35 0.10 0.00 0.42 0.17

(100s) Stock

VVC Expl VVC Expl*

Exc Volume

V O

Week High

220 270

0.10 0.08

Walker River V 1435 Walker River* O 14 Wallbridge Mng* O 1040 Wallbridge Mng T 8171 Waraba Gold C 230 Warrior Gold* O 274 V 107 Warrior Gold Waseco Res V 0 Wealth Mnrls V 386 Wealth Mnrls* O 361 Wedgemount Res C 32 Wescan Gldflds V 27 Wesdome Gold* O 355 Wesdome Gold T 2325 West High Yld V 108 West Mining* O 177 West Mining C 776 West Oak Gold C 28 West Red Lake* O 45 West Red Lake C 102 West Vault V 384 Western Alaska V 224 Western Areas* O 24 Western Atlas V 107 Western Copper T 901 Western Copper* X 1134 Western Gold V 17 Western Mag* O 1205 Western Mag V 675 Western Potash T 49 45 Western Res* O Western Troy C V 0 212 Western U&V C Western U&V* O 314 Westgold Res* O 78 397 Westhaven Gold V Westhaven Gold* O 53 Westkam Gold* O 0 Westkam Gold V 7 Westminster Rs V 101 Westward Gold C 339 Wheaton Prec T 7101 Wheaton Prec* N 18117 White Energy* O 25 White Gold* O 204 White Gold V 74 White Metal R* O 4 White Metal Rs V 552 White Mtn Engy* O 236 Whitehaven Coa* O 357 Whitehorse GC V 351 Wildsky Res* O 10 Wildsky Res V 0 Winshear Gold V 0 Winston Gold* O 271 Winston Gold C 179 Winston Res C 4084 45 Wolfden Res* O Wolfden Res V 239 Wolfeye Res V 421 World Copper V 227 Worldwide Res V 0 V 129 X-Terra Res X-Terra Res* O 0 Xanadu Mines T 358 V 807 Xander Res Xander Res* O 51 Ximen Mining* O 93 Ximen Mining V 281 Xplore Res V 127 V 5 Xtierra Inc Xtra-Gold Res T 212 Xtra-Gold Res* O 30 Yamana Gold T 12260 Yamana Gold* N 112542 Yanzhou Coal* O 2 Yorbeau Res* O 15 Yorbeau Res T 773 York Harbour V 946 York Harbour* O 105 Zacatecas Silv V 120 Zacatecas Silv* O 53 ZEB Nickel V 11 Zena Mining V 0 Zephyr Mnls V 47 Zephyr Mnls* O 1 Zimtu Capital V 1971 Zincore Mtls V 0 V 135 ZincX Res ZincX Res* O 1 Zonte Metals V 24 Zonte Metals* O 38

0.06 0.06 0.21 0.26 0.10 0.06 0.04 0.00 0.32 0.24 0.14 0.10 10.43 13.15 0.52 0.05 0.06 0.10 0.04 0.05 1.48 1.75 3.00 0.05 2.17 1.68 0.13 0.23 0.28 0.35 0.26 0.00 1.59 1.24 0.91 0.51 0.38 0.00 0.16 0.10 0.12 52.96 41.23 0.01 0.38 0.49 0.04 0.06 0.02 3.67 0.54 0.19 0.00 0.00 0.03 0.03 0.20 0.18 0.22 0.20 0.39 0.00 0.04 0.00 0.03 0.08 0.06 0.08 0.12 0.06 0.03 0.94 0.98 7.05 5.49 3.52 0.04 0.05 1.01 0.90 0.78 0.61 0.20 0.00 0.16 0.13 0.23 0.00 0.13 0.09 0.16 0.12

Low

12-month

Last Change

0.08 0.09 0.06 0.06

0.01 0.01

High Low

0.30 0.09 0.50 0.07

W-Z 0.05 0.05 0.18 0.23 0.10 0.04 0.00 0.00 0.28 0.21 0.00 0.00 9.49 12.31 0.50 0.03 0.05 0.00 0.03 0.00 1.28 1.48 2.50 0.00 1.94 1.49 0.00 0.17 0.23 0.32 0.26 0.00 1.25 0.96 0.00 0.42 0.32 0.00 0.00 0.00 0.10 48.91 37.68 0.01 0.34 0.00 0.04 0.00 0.01 3.40 0.52 0.00 0.00 0.00 0.02 0.03 0.10 0.00 0.00 0.15 0.35 0.00 0.00 0.00 0.02 0.06 0.06 0.07 0.00 0.00 0.00 0.00 0.69 6.45 4.97 3.48 0.04 0.00 0.93 0.68 0.00 0.53 0.00 0.00 0.16 0.00 0.13 0.00 0.12 0.00 0.00 0.12

0.06 0.05 + 0.19 0.23 0.10 unch 0.06 unch 0.04 0.03 unch 0.29 0.22 0.14 + 0.10 + 9.90 12.87 0.50 0.04 0.05 0.10 unch 0.04 + 0.05 unch 1.34 1.75 + 2.50 0.05 unch 1.97 1.52 0.13 0.19 0.25 0.32 0.26 0.12 unch 1.31 1.02 0.91 + 0.42 0.33 0.10 unch 0.16 + 0.07 0.12 + 50.00 38.41 0.01 0.36 0.47 0.04 unch 0.06 unch 0.02 3.45 0.52 0.18 0.23 unch 0.08 unch 0.02 + 0.03 0.10 0.16 0.22 unch 0.15 0.35 0.04 unch 0.04 0.02 unch 0.03 unch 0.08 + 0.06 + 0.08 0.09 0.06 unch 0.03 0.92 + 0.69 6.77 5.18 3.52 + 0.04 unch 0.04 1.01 + 0.70 0.69 0.53 0.17 0.15 unch 0.16 unch 0.13 unch 0.13 0.05 unch 0.12 0.09 unch 0.16 + 0.12 unch

0.01 0.14 0.04 0.00 0.14 0.01 0.02 0.57 0.17 0.04 0.67 0.22 0.00 0.20 0.01 0.00 0.07 0.01 0.01 0.09 0.04 0.00 0.05 0.03 0.02 0.70 0.21 0.03 0.56 0.16 0.02 0.79 0.10 0.03 0.12 0.06 0.60 13.23 7.77 0.53 16.77 9.76 0.02 1.22 0.18 0.01 0.22 0.03 0.01 0.27 0.05 0.00 0.19 0.10 0.00 0.07 0.03 0.00 0.09 0.05 0.10 1.49 0.90 0.23 2.08 0.70 0.16 3.00 1.59 0.00 0.13 0.05 0.25 3.00 1.63 0.23 2.40 1.26 0.02 0.38 0.13 0.02 0.76 0.17 0.03 0.96 0.21 0.03 0.48 0.15 0.00 1.88 0.07 0.00 0.23 0.12 0.32 4.18 1.11 0.29 3.28 0.90 0.01 1.74 0.89 0.08 0.75 0.33 0.06 0.63 0.27 0.00 0.18 0.08 0.04 0.22 0.10 0.03 0.37 0.07 0.01 0.29 0.10 3.98 65.45 45.76 3.85 51.91 36.39 0.00 0.12 0.01 0.02 0.66 0.33 0.03 0.85 0.44 0.00 0.11 0.01 0.00 0.12 0.04 0.00 0.05 0.01 0.35 3.98 1.37 0.01 1.62 0.43 0.01 0.25 0.01 0.00 0.23 0.11 0.00 0.13 0.05 0.00 0.09 0.02 0.01 0.10 0.03 0.07 0.61 0.09 0.02 0.28 0.00 0.00 0.32 0.15 0.06 0.80 0.15 0.04 1.05 0.33 0.00 0.07 0.04 0.01 0.11 0.03 0.00 0.10 0.01 0.00 0.05 0.02 0.01 0.23 0.06 0.00 0.18 0.04 0.01 0.26 0.07 0.02 0.31 0.10 0.00 0.11 0.04 0.01 0.09 0.03 0.01 1.19 0.84 0.04 0.98 0.65 0.44 8.05 4.78 0.47 6.40 3.65 0.04 3.52 1.33 0.00 0.05 0.03 0.01 0.07 0.04 0.01 1.49 0.25 0.18 1.25 0.03 0.08 1.33 0.52 0.08 2.02 0.45 0.03 0.75 0.16 0.00 0.25 0.08 0.00 0.18 0.12 0.00 0.16 0.10 0.11 0.30 0.13 0.00 0.05 0.05 0.01 0.19 0.10 0.00 0.15 0.08 0.01 0.27 0.13 0.00 0.21 0.03

BID-ASK — JUNE 13 –17, 2022 12-MONTH STOCK

79 Resources Aftermath Silv Alacer Gold Altan Rio Min Amilot Capital Aquila Res Arctic Fox Ven Arcturus Vent Ashanti Sanko Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aust Goldfield Avarone Metals Aya Gold Baden Res Banro Corp* Boss Power Brunswick Res Bullion Gold Burrell Res C2C Gold Cache Explor Cadillac Vent Cerro de Pasc Cirrus Gold Cliffs Nat Res* Colibri Res Corvus Gold* Crystal Peak EEE Explor Electra Stone Equitorial Ex Everton Res Evolution Glob Evolving Gold Excalibur Res Exploits Disc Explorex Res

EXC

BID

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

0.04 0.24 9.41 ... ... ... 0.13 0.02 0.03 0.03 0.33 0.13 0.04 ... ... 1.94 0.12 0.11 0.17 ... 0.06 0.22 ... 0.16 0.05 ... 0.20 1.45 ... ... 0.01 0.10 0.01 0.08 0.10 0.50 0.30 0.09 ... ...

ASK

0.05 0.25 9.52 ... ... ... 0.25 0.03 0.03 0.04 0.40 0.14 0.06 ... ... 2.19 0.23 0.11 0.20 0.05 0.15 0.50 ... 0.17 0.06 ... 0.35 3.20 ... ... 0.02 0.17 0.02 0.08 0.10 4.00 0.59 0.10 ... 6.50

LAST

12-MONTH

HIGH

LOW

STOCK

0.04 0.14 0.25 0.33 9.47 10.82 0.10 0.20 0.04 0.08 0.09 0.14 0.13 0.20 0.03 0.03 0.04 0.03 0.04 0.40 0.14 0.15 0.05 0.47 0.47 0.04 0.15 2.01 2.50 0.20 0.23 0.11 2.10 0.17 0.03 0.10 0.28 0.22 0.53 0.11 0.15 0.16 0.05 0.08 0.29 0.34 0.30 0.30 1.43 7.17 0.07 0.17 3.21 3.30 0.01 0.10 0.10 0.25 0.01 0.08 0.11 0.03 2.00 0.35 0.69 0.10 0.11 0.59 0.62 2.85 9.80

0.04 0.05 3.50 0.09 0.04 0.06 0.12

Finore Mng Flow Metals GAR Limited General Moly* Genius Metals Gespeg Res Gldn Predator Global Cop Grp Goldbelt Emp Goldblock Cap Golden Cariboo GoldHaven Res Goldshore Res Green Arrow Handa Mining Highvista Gold Indico Res Inspiration Mg Intercontinent Intl Battery Intl Cobalt Iron South Mng K9 Gold Karora Res Kirkland Lake* Kodiak Copper La Imperial Latin Metals Leo Res Leopard Lake Lida Resources Lithium South Lovitt Res MAG Silver* Mechel* Meryllion Res MGX Minerals Mich Resources Minecorp Egy Montana Gold

0.02 0.03 0.03 0.42 0.03 0.82 0.12 0.10

0.01 0.20 0.03 0.05 0.12 0.12 0.98 0.07 2.53 0.01 0.10 0.08

0.28 0.01 0.13 2.85

EXC

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

BID

0.12 0.02 ... ... ... 0.06 0.15 0.07 0.02 ... 0.10 ... ... 0.02 0.04 ... ... ... ... ... 0.20 0.24 0.17 0.47 ... 0.05 0.04 0.03 ... 0.07 ... 0.31 ... 12.52 ... ... 0.05 0.37 ... 0.09

ASK

0.12 0.03 ... ... ... 0.06 0.17 0.08 0.02 ... 0.12 ... 375.00 0.03 0.05 ... 0.01 ... ... ... 0.25 0.27 0.24 0.48 ... 0.06 0.05 0.04 ... 0.12 ... 0.34 ... 13.30 ... ... 0.05 0.50 ... 0.10

LAST

HIGH

0.11 0.02 0.07 0.15 4.13 0.11 100.00 0.22 0.28 0.06 0.16 0.36 0.08 0.11 0.02 0.02 0.32 0.32 0.10 0.15 0.42 0.45 0.11 1.20 0.02 0.04 0.04 0.17 0.01 0.03 0.09 0.21 0.31 0.26 0.34 0.24 0.28 0.24 0.28 0.48 0.73 38.92 46.98 0.05 0.13 0.04 0.10 0.03 0.16 1.09 0.12 0.16 0.24 0.27 0.31 0.66 0.13 0.24 12.52 14.40 2.25 5.19 0.08 0.17 0.05 0.16 0.37 0.48 0.12 0.20 0.10 0.10

LOW

0.02 0.13 0.10 0.18 0.12 0.04 0.02 0.26 0.02 0.06 0.48 0.02

0.09 0.20 0.04 0.16 0.20 31.72 0.04 0.03 0.02 0.07 0.13 0.24 0.09 6.12 1.88 0.05 0.04 0.28 0.07 0.02

12-MONTH STOCK

Montego Res Navis Res Corp New Klondike Nexco Res O2Gold Orocobre Otso Gold Patriot Batt Patriot Gold Phenom Res Primary Energy Prospero Silvr Quaterra Res Quinto Res Rare Element* Reliant Gold Rockex Mng Rockland Mnls Samco Gold Silver Phoenix Southern Arc Southstone Min Standard Lith Supernova Met Tiger Intl Trench Metals TriMetals Mng Trinity Valley Vale* ValOre Metals Victory Nickel Waraba Gold Whitemud Res Winshear Gold Xiana Mng Zara Res Zinc One Res Zinco Mng

EXC

BID

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

0.01 ... 0.01 ... 0.23 ... 0.04 0.09 0.05 0.68 ... 0.55 0.15 0.05 0.11 ... 0.04 0.07 ... 0.30 0.32 0.01 6.65 0.05 ... 0.55 0.11 ... ... 0.06 0.02 ... 0.01 0.12 0.07 ... ... 0.05

ASK

0.02 ... 0.01 ... 0.27 ... 0.04 0.10 0.07 0.71 ... 1.18 0.17 0.07 0.16 0.10 0.05 0.08 ... 0.38 0.90 0.01 6.95 0.06 0.17 0.55 0.12 ... ... 0.07 0.03 0.13 0.02 0.14 0.08 ... ... 0.07

LAST

HIGH

0.02 0.05 0.30 0.01 0.30 0.23 0.37 8.28 9.30 0.04 0.10 0.10 0.18 0.06 0.17 0.69 0.76 0.17 0.82 0.56 1.35 0.16 0.30 0.08 0.15 0.89 0.02 0.04 0.05 0.08 0.11 0.05 0.05 0.31 0.65 0.89 0.93 0.01 0.04 6.95 6.95 0.06 0.15 0.20 0.55 0.22 0.12 0.12 0.04 0.14 10.24 11.10 0.07 0.13 0.02 0.05 0.10 0.20 0.02 0.03 0.14 0.15 0.08 0.08 0.07 0.22 0.67 1.42 0.05

LOW

0.01

0.06 3.89 0.03 0.08 0.05 0.24 0.16 0.51 0.06 0.06 0.03 0.01 0.05 0.23 0.24 0.01 1.02 0.07 0.04 0.03 0.04 6.57 0.07 0.01 0.01 0.01 0.05 0.07 0.07 0.40

JUNE 27 — JULY 10, 2022 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

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