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Ontario Minister Rickford pledges to cut red tape, slams C-69

Newcrest to buy 70% of Red Chris for US$807M BC COPPER-GOLD

| Hopes technical expertise will transform Imperial Metals’ operation

PDAC 2019

| Gov’t details new working group, internship program changes

BY ALISHA HIYATE Special to The Northern Miner

T

he Ontario government has put together a new mining taskforce to help it overhaul the Mining Act. Whereas the previous Liberal government also passed legislation to modernize the Mining Act, Greg Rickford, Mines Minister in the new Progressive Conservative government, says the focus is entirely different.

“When they were modernizing the Mining Act, the very real fear out in the industry was that it was an exercise in ideology to put new barriers in a piece of legislation that already has been very difficult for mines to operate under,” Rickford said in an interview on the sidelines of the 2019 Prospectors & Developers Association of Canada (PDAC) convention in March. “This is an act to promote mining in Ontario, and we think there’s a big difference.”

Rickford, Ontario’s Minister of Northern Development and Mines, Energy and Indigenous Affairs, said that his government intends to make Ontario more attractive for mining — partly through changes to the Mining Act that will be informed by a new Mining Working Group, whose first meeting was held during the conference.

“I want to overhaul [the Mining Act] in a way that makes Ontario the No. 1 friendly jurisdiction for doing mining business,” Rickford said.

Ontario recently fell to twentieth place from the seventh most attractive mining jurisdiction in the Fraser Institute’s annual survey of mining companies.

The government used this year’s PDAC convention to draw a clear See ONTARIO / 6

Imperial Metals’ Red Chris copper-gold mine, 80 km south of Dease Lake in northwest British Columbia’s Golden Triangle region. IMPERIAL METALS

BY TRISH SAYWELL tsaywell@northernminer.com

N

ewcrest Mining (ASX: NCM) says there is potential to transform Imperial Metals’ (TSX: III) Red Chris copper-gold mine in northwestern British Columbia into a tierone operation, and is spending US$806.5 million to acquire a 70% joint-venture stake in the mine and surrounding 230 sq. km land package.

“We do not do mergers and acquisitions purely to get bigger or for the sake of adding ounces,” Newcrest CEO Sandeep Biswas told analysts and investors on a conference call announcing the transaction. “We look for opportunities where we can unlock real value through the application of our strong technical capabilities and transformative way of thinking. We prefer this approach rather than financial engineering or nebulous synergy savings, which rarely deliver to their planned value.”

Biswas outlined a two-stage transformation plan for the open-

“THE BIG PRIZE IS THE UNDERGROUND BLOCK CAVE — THAT’S THE REASON WE’RE THERE — AND THE EXPLORATION TENEMENTS.”

PM40069240

SANDEEP BISWAS CEO, NEWCREST MINING

pit mine that he says will deliver value and capitalize on Newcrest’s technical expertise in block caving, operations optimization and selective processing.

In the first stage, Newcrest will focus on process plant optimization, including debottlenecking, recovery uplifts, process control and improving the quality of the concentrate; mine optimization by improving knowledge of the orebody, grade control, fleet management systems and mine planning; and trim costs in the supply chain.

It will also start an extensional drill program.

The Australian miner also said

it will optimize Imperial Metals’ open-pit mine plan and improve production and mill recoveries.

The current open-pit mine has an 11-million-tonne-per-day processing plant and associated infrastructure that gives Newcrest brownfield expansion options, Biswas said.

During the second stage of the transformation, Newcrest will apply its expertise in block caving, coarse ore flotation, mass sensing and sorting, as well as continue exploration at the mine and on the surrounding tenements, Biswas noted, starting with a study on See NEWCREST / 2

FIRST VANADIUM: IMPROVES CARLIN RESOURCE / 8

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2019-03-12 10:05 PM

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MARCH 18–31, 2019 / THE NORTHERN MINER

Imperial Metals’ Red Chris copper-gold mine in British Columbia. IMPERIAL METALS

Newcrest to buy 70% of Red Chris for US$807M NEWCREST From 1

accelerating the development of a larger block cave at Red Chris.

“We’re going to bring value to the existing operation, but the big prize is the underground block cave — that’s the reason we’re there — and the exploration tenements,” Biswas said.

Block caving is the most effective bulk-underground mining method, he explained, and Newcrest has had over 12 years of experience in developing and operating block caves at its Cadia operation in New South Wales, 250 km west of Sydney.

Cadia is one of the lowest-cost and largest gold-producing mines in the world, and is proof that Newcrest can create significant value from deep underground porphyry orebodies, he said.

“By accelerating the block cave development [at Red Chris], we not only bring forward access to higher-value ore, but it also enables us to reduce the depth and footprint of the open pit that was previously planned for Red Chris,” Biswas added. “We expect the [block cave] plan to significantly reduce open-pit costs by reducing waste movement and improving the strip ratio. A smaller open pit will also reduce the level of environmental disturbance.”

Biswas noted that Newcrest sees the investment in Red Chris “as a meaningful, but measured, addition to our portfolio,” and pointed to the mine’s “significant” mineral resources of 20 million oz. gold and

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13 billion lb. copper, as well as the potential for more discoveries on the property’s substantial land package.

“This large resource base points to an asset that has a multi-decade mine life,” he said. “This is a great fit for our existing long-life portfolio, which is ... a hallmark for Newcrest and a key competitive advantage.”

The transaction also delivers highly prospective exploration tenements, he added.

“Red Chris is located in Canada’s Golden Triangle — which is already home to a number of large mines and undeveloped gold and coppergold resources discovered over the last 10 years,” he said. “This is one of the premier gold districts in the world. Existing drilling indicates there is potential for further deep discoveries to be made on the tenement package and Red Chris will be targeting regions beyond the current mine also in search of additional porphyry centres.”

During the question-and-answer part of the call, Biswas offered more insight into Newcrest’s views on resource expansion potential and the property’s prospectivity.

“This thing gets higher in grade the deeper you go, and there are still some areas of extensional exploration, which could open up to enlarging the resource beyond what we think it currently is.”

As of September 2015, Red Chris has measured and indicated resources of 1 billion tonnes grading 0.35 gram gold per tonne and 0.35%

The mill at Imperial Metals’ Red Chris copper-gold mine. IMPERIAL METALS

copper for 12 million contained oz. gold and 8 billion lb. copper. Inferred resources add 0.7 billion tonnes of 0.32 gram gold and 0.29% copper, for 8.1 million contained oz. gold and 5 billion lb. copper.

Newcrest spent the last couple of months on due diligence, but Biswas noted that the company’s management team “had our eye on the Red Chris orebody for several years now, when we did our initial scanning of what are the sort or type of orebodies we would want to be part of. Red Chris was definitely on that list, but the opportunity to access it didn’t open up until the last few months.”

When asked why the percentage ownership stake was fixed at 70%, Biswas said it was simple. “That’s what was on offer. They didn’t really want to go anywhere below 30%, so that was what was on the table.”

As for the US$806.5-million sticker price, Biswas said there were two factors behind the sum.

“That’s a balance between what we see existing today in terms of the existing facilities and the mine, but more importantly the value we see in the underground deposit, which is where the majority of the value lies, and also taking a view of the exploration potential of those leases nearby the orebody, but also wider than that, based on some of the initial drilling that has already

“THIS LARGE RESOURCE BASE POINTS TO AN ASSET THAT HAS A MULTI-DECADE MINE LIFE. THIS IS A GREAT FIT FOR OUR EXISTING LONG-LIFE PORTFOLIO, WHICH IS ... A HALLMARK FOR NEWCREST, AND A KEY COMPETITIVE ADVANTAGE.” SANDEEP BISWAS CEO, NEWCREST MINING

been done by the Red Chris team.”

When asked by one analyst about Imperial Metals’ “unflattering” financials, Biswas responded that “the thing to remember is this is an asset transaction, so we’re not exposed to anything in relation to Imperial Metals.”

In response to a question about whether Newcrest views Red Chris as a gold or copper mine, Biswas emphasized that taking a majority stake in Red Chris was not a “conscious move into copper.”

“The Americas have been a target for us for the last couple of years: we’ve made target investments in things like SolGold and Fruta del Norte in Ecuador, so we’re not necessarily focused on Canada, or anything especially. It’s about the opportunity, and this is an opportunity that came our way. You’ll find orebodies get deeper and porphyries

form part of everyone’s portfolio going forward to a greater or lesser degree. You’ll find sometimes there’s more copper than gold and sometimes more gold than copper.

And you’ll see a lot more copper appearing in everyone’s portfolio, I believe. But this is principally and wholly around the opportunity that presents itself. The fact that it’s in B.C., which is a tier-one district, in a low political-risk country, is a great bonus.”

News of the transaction sent shares of Imperial Metals surging 56.57%, or $1.12, to finish at $3.10.

At press time, the shares were up another 7.4% to $3.33.

Over the last year shares of Imperial Metals have traded in a range of 93¢ to $3.48. The company has 127 million shares outstanding for a $423.3-million market capitalization. TNM

2019-03-12 10:05 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / MARCH 18–31, 2019

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Barrick and Newmont forge ‘historic’ joint venture in Nevada GOLD

BY TRISH SAYWELL

B

tsaywell@northernminer.com

arrick Gold (TSX: ABX; NYSE: GOLD) has abandoned its hostile takeover bid for Newmont Mining (NYSE: NEM), after the companies struck a jointventure deal on their Nevada assets.

Barrick will own 61.5% and Newmont, 38.5%, of the new joint venture, which will be operated

by Barrick, and will allow the two partners to “tear down the fences and operate our assets as one mining complex,” Barrick’s new president and CEO, Mark Bristow, declared on a conference call, adding that the “sensible” joint-venture was both “exciting” and “historic.”

Newmont CEO Gary Goldberg said, “After more than two decades of looking at opportunities for further cooperation, we’ve reached a historic agreement to harness the power of both companies’ assets in Nevada to create an even more efficient business in one of the richest gold districts in the world.”

The joint venture will capture an estimated US$500 million in average annual pre-tax synergies in the first five years, which the companies project will total a US$5-billion pretax net present value over 20 years.

The joint venture includes Barrick’s Goldstrike, Cortez, Turquoise Ridge and Goldrush, and Newmont’s Carlin, Twin Creeks, Phoenix and Long Canyon, along with associated processing plants and infrastructure of both companies.

Excluded from the joint-venture, for now, are Barrick’s Fourmile project and Newmont’s Fiberline and Mike deposits.

It also does not include Newmont’s Cripple Creek & Victor mine.

Once completed, the Nevada joint-venture complex will have three tier-one assets in the form of the Goldstrike-Carlin combination, Cortez complex, and the Turquoise Ridge-Twin Creeks combination, with Goldrush, “another potential tier-one asset,” Bristow said.

The joint venture will rank as the world’s single-largest gold producer, with a pro forma output of more than 4 million oz. gold in 2018 at all-in sustaining costs of US$775 per oz., and 48 million oz. gold in reserves. It will also be “the third-largest gold company after Newmont and Barrick,” Bristow pointed out.

“This joint venture will allow us to view our Nevada assets as one orebody,” he continued, “provide greater ability for capital investment and ensure that the enormous geological potential of the state is realized for all of our stakeholders.”

As operator, Bristow added, it’s up to Barrick to deliver the synergies. “We’re very comfortable that we’ll be able to do that, and I’m sure that Newmont will be looking over our shoulder and making sure that we do.”

Under the agreement, Barrick will control three board seats, and Newmont, two. Technical and exploration advisory committees will have equal representation from both companies.

In terms of structure, a limited liability company out of Delaware will be formed that will hold the assets.

When asked by a Macquarie analyst whether the joint venture in Nevada might be a “stepping stone to a larger deal,” both Bristow and Goldberg said they were not prepared to comment.

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| Operator Barrick drops hostile bid for Newmont

As for whether the ownership percentage split might be adjusted after more diligence, Bristow said that “no, it’s what it is.” (The breakdown was based on consensus analyst net asset values for the assets.)

If the partners decide to bring in Barrick’s Fourmile or Newmont’s Mike or Fiberline deposits, any assets included in the future would have to deliver more than a 15% internal real rate of return, based on a backward-looking, two years’ average gold price.

In a research note to clients, Brian MacArthur of Raymond James said the joint venture “achieves a value-add transaction that has been considered by both companies for years, and provides a favourable alternative to the previously proposed merger, given it allows both companies to realize the majority of the potential synergies resulting from combining the two companies’

Pit operations at Barrick Gold’s Cortez gold mine in Nevada. BARRICK GOLD

highly complementary assets in Nevada, without creating a larger and more complex company.”

But he also pointed out in a second research note that “there is some risk that some Newmont shareholders may vote down the Goldcorp deal, as they may not want to share the

Nevada joint-venture synergies with Goldcorp shareholders.” (Newmont reached a deal in January to buy Goldcorp [TSX: G; NYSE: GG] in an all-stock transaction valued at US$10 billion.)

Kerry Smith of Haywood Securities applauded the deal in a research

note entitled “Finally, common sense prevails.”

“We have always felt that a jointventure agreement made more sense for both companies than an outright acquisition of Newmont,” Smith says, although he warns that the joint venture might not achieve all the synergies advertised.

“We have rarely seen two entities achieve the level of synergy expected due to cost creep, negative inertia and overly optimistic assumptions, and, as a result, we remain somewhat skeptical of the magnitude of synergies suggested,” he cautions. “However, there are undeniable operating synergies which will be quickly realized, and over the longer term a unitized asset base will lead to much better operating plans and operating decisions, and this is by far the best outcome for Barrick and Newmont.” TNM

Congratulations to the 2019 #DisruptMining Finalists

and to the 2019 #DisruptMining Winner

disruptmining.com

2019-03-12 10:05 PM

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Federal gov’t unveils Canadian Minerals and Metals Plan REGULATION

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O P- E D

| Ontario, Sask gov’ts oppose

C

anada’s federal government used the opportunity of the annual convention of the Prospectors & Developers Association of Canada in Toronto in early March to unveil its 44-page Canadian Minerals and Metals Plan (CMMP), which is intended to guide federal and provincial mining policy in the years ahead.

BY JOHN CUMMING jcumming@northernminer.com In some ways, the CMMP follows in the steps of the Whitehorse Mining Initiative, which was signed in 1994 by representatives from the federal, provincial and territorial governments; industry; Indigenous and environmental organizations; and labour unions.

First conceived in August 2017 by Canadian mines ministers, the final CMMP is described by the federal government as a “panCanadian plan developed by federal, provincial and territorial governments in collaboration with partners and stakeholders, which respects the roles of governments related to mineral resource development.”

For those unfamiliar with jurisdictional boundaries in Canadian mining, resource management and mining activities broadly fall under the jurisdiction of the provinces and territories. Exceptions where the federal government regulates heavily occur in the uranium industry, offshore oil and gas, and in certain Aboriginal treaty lands.

One contentious area the federal government is using to increase its regulatory control over mining at the expense of the provinces and territories is through environmental permitting.

The CMMP tries to assuage these fears of jurisdiction creep, noting the “provinces and territories have their own priorities, plans and strategies in support of their respective minerals and metals industries.

The CMMP does not supplant these efforts. Its aim is to encourage synergies and support existing provincial and territorial priorities, while bringing together resources from across Canada to address systemic challenges and take advantage of opportunities.”

While the federal government’s proposed Bill C-69 that will change environmental permitting in Canada and the scheduled federal carbon tax are the real meat-and-potatoes regulatory issues facing Canadian miners, the CMMP can be firmly pegged as an aspirational document containing broad statements of purpose to support Canadian mining, and continue its historic trend towards improved technical and sociopolitical performance.

As such, there’s not much to quibble with when it comes to the CMMP, and the hand of industry groups like the Mining Association of Canada and provincial mine ministers can be seen in the CMMP’s cautionary language to respect existing provincial jurisdictions; exercise caution in land-use decisions, such a park creation; avoid tooslow environmental permitting; the need for more infrastructure in the Far North; and the dangers of disproportionately imposing carbon taxes on certain remote projects.

There is nothing binding whatsoever in the CMMP, but it gets the conversation going in the right direction.

Next up for the CMMP process is for Canada’s mine ministers in mid-2019 to consider actions to “operationalize” the CMMP, with the first CMMP “Action Plan” to be released in 2020.

The Mining Association of Canada gave its hearty endorsement of the CMMP, stating that it “proposes a number of initiatives — including strategic investments in infrastructure — supporting financing and taxation systems that support exploration, promoting more agile and efficient regulatory systems, and investing in Indigenous training initiatives and mining innovation. If all of Canada’s governments take steps to put this plan into action, the competitive landscape for new mineral exploration and mining investment will be much improved.”

All but two mine ministers in Canada signed a joint statement endorsing the CMMP, and commented that “discussions to inform the CMMP — with groups as diverse as innovation experts, Indigenous Peoples, non-governmental organizations, private companies, industry associations and youth — generated hundreds of ideas and confirmed that Canadians value the role that mining plays in our economy, and in their daily lives.”

The two holdouts were Ontario Minister of Energy, Northern Development and Mines Greg Rickford, and Saskatchewan Minister of Energy and Resources Bronwyn Eyre. In a joint release, they stated that “while Ontario and Saskatchewan agree with some of the elements covered in the CMMP, we believe this plan needed to specifically address economic and competitiveness challenges, and send a strong message to investors around the world that Canada is prepared to take real action to support our mining sector.”

While there is little practical consequence to the pair’s immediate rejection of the CMMP, it does politically bolster both provincial governments’ coordinated effort to scrap the upcoming federal carbon tax and completely overhaul or kill Bill C-69. TNM

PDAC-Oreninc report: Mineral investment facing headwinds FACTS ‘N’ FIGURES

| Slowing global growth hits capital market flows, report finds

The following is an edited excerpt from the report “State of mineral finance 2019: At the crossroads,” produced by the Prospectors & Developers Association of Canada (PDAC) and Oreninc. For the full report, visit www.pdac.ca.

F

rom a broad perspective, global mineral exploration activity expanded in 2018, maintaining the positive trajectory established in 2017 after a multiyear contraction in activity from 2012 to 2016. Mineral exploration spending in Canada jumped 31% in 2018 versus one year prior, reflecting the second-largest regional increase after the U.S. at 34%.

The rebound in North American activity well outpaced the rest of the world, which posted a yearover-year spending increase of 13%. Although exploration activity climbed in 2018, industry financing weakened notably, stalling the investment rebound established over the previous two years.

In last year’s PDAC report —

MINERAL INDUSTRY EQUITY FINANCING IN 2018 DROPPED NEARLY 35% FROM A YEAR EARLIER TO ESTABLISH A NEW DECADE LOW FOR BOTH TOTAL VALUE RAISED AND NUMBER OF TRANSACTIONS COMPLETED. “State of mineral finance 2018: Gaining momentum” — 2017’s rebound in mineral exploration activity was attributed to increased investment that related to widescale improvement in metal prices in 2016–2017. Expanding global See FACTS ‘N’ FIGURES / 5

Exchange financings of juniors by commodity type in 2018. SOURCE: ORENINC

COMPANY INDEX Adventus Zinc . . . . . . . . . . . . 12 Anaconda Mining. . . . . . . . . . 5 Andritz. . . . . . . . . . . . . . . . . . . . 5 Aurania Resources. . . . . . . . . 13 Barrick Gold . . . . . . . . . . . . 3,16 Codelco. . . . . . . . . . . . . . . . . . 12 Continental Gold. . . . . . . . . . 11 First Vanadium. . . . . . . . . . . . . 8 Glencore . . . . . . . . . . . . . . . . . 6,7 Gold Standard Ventures. . . . 16 Goldcorp. . . . . . . . . . . . . . . . . . 5 Gran Colombia Gold . . . . . . . 9

Iamgold. . . . . . . . . . . . . . . . . . . 6 IDM Mining. . . . . . . . . . . . . . . 7 Imperial Metals . . . . . . . . . . . . 1 Lumina Gold . . . . . . . . . . . . . . 9 Lundin Gold. . . . . . . . . . . . . . . 9 Lundin Mining. . . . . . . . . . . . . 7 Lupaka Gold . . . . . . . . . . . . . 11 New Gold . . . . . . . . . . . . . . . . . 6 Newcrest Mining. . . . . . . . . . . 1 Newmont Mining . . . . . . . . 3,16 Noront Resources . . . . . . . . . . 6 Osisko Mining. . . . . . . . . . . . . 6

Pan Andean Minerals. . . . . . 11 Panoro Minerals. . . . . . . . . . . 11 Revival Gold. . . . . . . . . . . . . . 14 Rio2 . . . . . . . . . . . . . . . . . . . . . 14 Salazar Resources. . . . . . . . . . 12 Sierra Metals. . . . . . . . . . . . . . 11 SolGold. . . . . . . . . . . . . . . . . . 12 Toachi Mining. . . . . . . . . . . . 14 Tugliq Energy. . . . . . . . . . . . . . 7 Voith. . . . . . . . . . . . . . . . . . . . . . 5 Zijin Mining. . . . . . . . . . . . . . . 9 Zinc One Resources . . . . . . . 14

Junior fundraising (private placement) distribution by market capitalization in 2018. SOURCE: ORENINC

2019-03-12 10:05 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / MARCH 18–31, 2019

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Vancouver AI firm Andritz takes top spot at Goldcorp’s #DisruptMining COMPETITION

BY NORTHERN MINER STAFF

V

ancouver-based artificial intelligence (AI) and automation supplier Andritz took home first place during the finale of the 2019 annual installment of Goldcorp’s (TSX: G; NYSE: GG) #DisruptMining mining innovation contest held before a live audience of 500 in a nightclub in downtown Toronto on the opening night of the annual convention of the Prospectors & Developers Association of Canada.

Andritz is described as having developed a “unique and continuous way of training artificial intelligence to operate a mineral-processing facility using Andritz’s digital twin.

The AI is trained to respond to a variety of situations, making it capable of adapting to changing inputs and improving recovery time. The trained AI’s ability to quickly pro-

| Expert panel fielded pitches from three finalists in Toronto

cess information and recommend data-driven solutions will allow for the improvement of the operation, such as start-up and shutdown, and help operators achieve plant-wide optimization.”

The event’s major sponsors included Goldcorp and KPMG, as well as Hard-Line Solutions and Sandvik.

The judging panel was comprised of Sue Paish, CEO of Canada’s Digital Technology Supercluster; Ian Telfer, chair of Goldcorp; Katie Valentine, global head of mining consulting at KPMG; Wal van Lierop, founder and managing partner of Chrysalix Venture Capital; and Jacob Yeung, student and captain of the University of British Columbia #DisruptMining judging team.

Canadian comedian and commentator Rick Mercer served as master of ceremonies.

The winner’s prize is an “opportu-

nity to negotiate up to a $1-million investment” in their technology, either toward a proof of concept or direct investment.

Three finalists out of an original 90 submissions presented their pitches to the judges in the evening, with two runners-up being Newfoundlandfocused gold miner Anaconda Mining (TSX: ANX), which has a new drilling approach that can unlock the value in narrow-vein deposits; and large German technology firm Voith, which is trying to expand its mining business, and has an “Internet of things” (IoT) application that increases the intelligence of belt conveyors that move material at mine sites.

After a technical review of the 90 submissions by a group from the University of British Columbia, shortlisted submissions were reviewed by senior Goldcorp represen-

The judging panel and host on stage in Toronto at Goldcorp and KPMG’s #DisruptMining innovation challenge in March 2019, from left: Jacob Yeung, student and captain of the University of British Columbia #DisruptMining judging team; Sue Paish, CEO of Canada’s Digital Technology Supercluster; Ian Telfer, chair of Goldcorp; Wal van Lierop, founder and managing partner of Chrysalix Venture Capital; Katie Valentine, global head of mining consulting at KPMG; and Rick Mercer, master of ceremonies. GOLDCORP

tatives to determine semi-finalists and finalists for #DisruptMining.

Anaconda’s technological offering is described as an “innovative, twostage drilling method that enables economic mining of narrow-vein deposits. The technology, known as Sustainable Mining by Drilling (SMD), was developed in collaboration with the Memorial University of Newfoundland. SMD has the potential to unlock value in existing deposits that were previously thought to be uneconomic to mine using traditional underground or surface-mining methods.”

Voith’s IoT application BeltGenius

is described as a “digital twin of belt conveyors [that] provides real-time insight into the behavior of the operation. Resulting from a constant learning system, this information is used to identify potential risks and inefficiencies, allowing for greater uptime, more efficient energy use, predictive maintenance, and optimization of weight and speed. With BeltGenius, mine sites can operate their belt conveyors with greater control and consistency, increasing their savings on repairs and material transportation costs, while reducing the environmental impact of traditional haul trucks.” TNM

Director of innovation Arthur Gooch (left) and business development manager Sohail Nazari from artificial intelligence firm Andritz, which is the 2019 #DisruptMining challenge winner. GOLDCORP

PDAC-Oreninc report: Mineral investment facing headwinds FACTS ‘N’ FIGURES From 4

growth expectations drove base metal price appreciation, and a weak U.S. dollar from 2016 to 2017 boosted positive precious metal price action over the two years. However, these dynamics shifted during 2018.

IMF global gross domestic product growth expectations for 2018 and 2019 have since been revised downward 5% and 10%. In a similar fashion, all base metals trended lower over 2018, with price drops ranging from 6% to 21%. The U.S. dollar index climbed nearly 7%, and its strong, inverse relationship with precious metals was maintained in 2018, as the monthly average gold price fell more than 5% from January to December — establishing the first negative annual price trend for gold since 2015. Surging prices of the two leading battery metals (cobalt and lithium) also lost steam in 2018, possibly due to supply and demand fundamentals supplanting recent market speculation.

Metal price weakness likely drove declining 2018 investment. Mineral industry equity financing in 2018 dropped nearly 35% from a year earlier to establish a new decade low for both total value raised and number of transactions completed.

While funding specifically for ex-

1-16, 23_MARCH18_Main .indd 5

Equity Raises on Canadian Stock Exchanges. SOURCE: TMX GROUP AND PDAC ANALYSIS

ploration remained above 2013 and 2015 lows, in 2018 it declined more than 50% from a year earlier to less than one-quarter of peak investment levels established in 2012. Also concerning is the 40% year-over-year drop in bought-deal financing for junior explorers to $0.6 billion in 2018, which is the lowest figure recorded in a decade, and hints at a lack of sector confidence by large brokerages.

Growth in passive investments and alternate high-risk sectors (i.e., cannabis, blockchain) has also contributed to a recent drop in mineral industry investment. Strategic reinvestment by major mining companies has offset some of these impacts, with sector reinvestment increasing more than fivefold from 2013 to 2017.

However, margin expansion through higher metal prices or cost reductions may be necessary to sustain

reinvestment by major miners into junior explorers.

Canada’s mineral industry was better shielded but not immune from declining investment, as both equity and exploration-specific financing fell 25% year-over-year on domestic exchanges. With a more moderate slowdown, Canada represented a larger proportion of 2018 global exploration. However, domestic activity remains well below recent

peaks. While “grassroots” spending edged up in nominal terms, the proportion of grassroots exploration spending continues to decline both at home and abroad, reaching a decade low in 2018.

PDAC advocacy posted a major win in 2018, with renewal of the Mineral Exploration Tax Credit for five years. PDAC is engaged with the Canada Revenue Agency to improve clarity of Canadian Exploration Expense eligibilities for industry participants, and with the Canadian Securities Administrators and the Ontario Securities Commission to streamline processes and lower capital costs through a burden-reduction project. While PDAC’s advocacy efforts are aimed towards increasing access to capital and mineral industry investment, the trajectory of commodity prices in 2019 will likely have the largest influence on mineral industry financing and exploration activity levels over the coming 12–18 months. TNM GRASS ROOTS OPPORTUNITY » Never Been Drilled » 17 cells – 1020 acres in Red Lake Mining District » Prime frontage on the Golden highway » All-weather road access E:durninfr@gmail.com P: 807-852-4728

2019-03-12 10:05 PM

6

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MARCH 18–31, 2019 / THE NORTHERN MINER

Greg Rickford (back row, second from left), Ontario Minister of Northern Development and Mines, Energy and Indigenous Affairs, with representatives from First Nations at the 2019 PDAC convention in Toronto.

ONTARIO

MINISTRY OF NORTHERN DEVELOPMENT AND MINES, ENERGY AND INDIGENOUS AFFAIRS

Ontario Minister Rickford pledges to cut red tape, slams C-69 ONTARIO From 1

contrast with the previous Liberal regime. The new PC government, elected last June, made several announcements at the event, including the creation of the Mining Working Group, changes to the government’s Northern Ontario Internship program to make it more accessible to Indigenous workers, and with the Saskatchewan government, took a joint swipe at the federal government’s environmental assessment legislation and its new Canadian Minerals and Metals Plan (CMMP).

Mining Working Group The Mining Working Group includes a long list of representatives from mining and exploration companies, including New Gold (TSX: NGD; NYSE-AM: NGD), Iamgold (TSX: IMG; NYSE: IAG), Glencore (LON: GLEN), Osisko Mining (TSX: OSK), Noront Resources (TSXV: NOT), the Ontario Mining Association, the Ontario Prospectors Association and the Canadian Council for Aboriginal Business. The group will be chaired

by Rickford.

“What we assembled was not just an elite team of people who have got tremendous experience throughout the sector, but people who are actually thrilled that this working group is on ... [Premier

Doug Ford] was there to show his support for this work.”

Rickford said the government would consult with the group as it tackles short-term and long-term priorities. While Rickford did not provide timelines for recommendations from the group, he said it will work on three areas: immediate actions that can remove last-minute barriers to mines achieving production; short- to medium-term issues, such as SO2 emissions and effluent levels in tailings ponds that are seen as a “moving target”; and finally, an act to promote mining in Ontario.

“The key words are certainty – certainty in the regulatory environment, certainty in energy costs and certainty that their government will actually support them in their efforts to build a mine.”

Rickford said that support had been lacking from the “decade and a half of darkness” of the previous regime.

“It was very clear that notwithstanding the market conditions, mining was having a lot of trouble navigating through the government at the time.”

Rickford said that was partly because “mining operations were not a priority” for that government, and partly because of government silos and a lack of coordination between the different ministries,

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“WE’RE GOING TO DEVELOP A ONE-STOP SHOP. YOU COME IN, YOU WANT TO BUILD A MINE AND WE PUT A SWAT TEAM TOGETHER … TO MAKE SURE THAT MINE OPENS UP.” GREG RICKFORD ONTARIO MINISTER OF NORTHERN DEVELOPMENT AND MINES, ENERGY AND INDIGENOUS AFFAIRS

or even within ministries.

“That’s going to stop. In the future, through this mining working group, we’re going to develop a one-stop shop. You come in, you want to build a mine, and we put a swat team together from all three ministries — and we work with you and through all the opportunities that the government creates to make sure that mine opens up.”

Indigenous communities Rickford says the government is working towards greater and more integrated involvement by First Nations communities.

“We’re breaking that process down into its smaller parts and making it less bureaucratic, so that Indigenous communities can actually lead by example — in environmental assessments, supporting their communities in a very focused way for capacity opportunities that go to building roads, and ensuring that they have opportunities to be part of a labour workforce. Much like what I announced here today.”

Rickford announced changes to the Northern Ontario Internship program at an Indigenous Leaders breakfast at PDAC, including removing the requirement that applicants be recent graduates of a post-secondary program, opening it up to new workers, people transitioning to a new career, the unemployed and the underemployed. The program will have two funding streams: one providing an incentive to businesses that offer Indigenous internships, and the other focusing on skills shortage in

the north by training apprentices throughout their placements.

Asked if his government is committed to building infrastructure in the Ring of Fire, Rickford responded: “We’re committed to working with the Indigenous communities who are interested in leading processes to help us build a corridor to prosperity. That’s a new way of thinking about it.”

R ick ford , who wa s federa l Minister of Natural Resources in 2014–2015, and previously Canadian Minister for the Federal Economic Development Initiative for Northern Ontario, was critical of the previous Ontario government, where road-building negotiations with First Nations communities in the Ring of Fire failed to result in any infrastructure.

“With great frustration I saw $20 million spent on bureaucratic exercises that, while they had some important principles — there are no shovels in the ground,” he said. “We intend to see timelines that everybody can work with, send a signal to the market that they should start their environmental assessment processes on mines — real mines going in there — because we’re well under way towards building a corridor to prosperity.”

Clash with the feds It wasn’t just the previous Ontario government that Rickford took issue with, but also the federal Liberal government, led by Prime Minister Justin Trudeau. During the PDAC, the Ministry of Energy, Northern Development and Mines issued

releases criticizing both the federal government’s Bill C-69 (a revamp of the Federal Environmental Assessment process) and its Canadian Minerals and Metals Plan.

Regarding Bill C-69, the Ontario and Saskatchewan governments say it will add regulatory uncertainty for resource projects.

“Bill C-69 will potentially politicize the environmental approval process for major resource projects, giving the federal cabinet unprecedented power to halt resourcedevelopment projects that create jobs and economic opportunity,” said Rickford and Saskatchewan’s Minister of Energy and Resources Bronwyn Eyre in a joint statement.

“The bill also imposes new, subjective values tests on projects, adding delays and additional hurdles that will delay projects and kill jobs.”

The two governments also said that while they agree with some of the elements of the CMMP, the plan doesn’t “specifically address economic and competitiveness challenges, [or] send a strong message to investors around the world that Canada is prepared to take real action to support our mining sector.

“As such, Ontario and Saskatchewan do not endorse the CMMP.” Rickford also mentioned the Carbon Tax — which the Ontario and Saskatchewan and New Brunswick governments are challenging — as a sticking point to working with the federal government.

“As long as there’s a Bill C-69, a carbon tax to be implemented on April 1, and a clean fuel standards that they intend to implement this year that will represent the largest spike that we’ve ever seen in hydrocarbons that for the near future, everybody’s going to use … we can’t support a plan that’s underpinned by other policy options that make it unaffordable for businesses and families to survive.” TNM — Alisha Hiyate is the editor-inchief of Canadian Mining Journal.

This article was first published on www.canadianminingjournal.com.

2019-03-12 10:05 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / MARCH 18–31, 2019

7

PwC’s Art of Mining winners honoured CONTEST

| Photo submissions from across the globe showcase industry innovation

BY NORTHERN MINER STAFF

T

he mining industry gathered in Toronto in early March for PwC Canada’s fourth annual Art of Mining event, which showcases mining innovation through a photo competition.

This year’s contest featured 20 photo submissions from projects and actors across the globe.

With more than 2,000 votes cast, the grand prize went to Tugliq Energy and Raglan Mine, a subsidiary of Glencore, which received a $10,000 that will be directed to a charity of the winners’ choice. IDM Mining took second place and a $3,000 charitable donation. Third place went to a submission from Lundin Mining.

The Northern Miner is the media sponsor of the Art of Mining. TNM

This year’s Art of Mining photo contest winner shows Tugliq Energy’s wind turbine, which powers Glencore’s Raglan nickel mine in Quebec’s Far North. TUGLIQ ENERGY & RAGLAN MINE

The second place winner shows the “passing of wisdom between generations” on-site. IDM MINING

A selection of submissions to the 2019 Art of Mining photo contest. FROM TOP: BARRICK GOLD, TRILOGY METALS, PAN AMERICAN SILVER, LUPAKA GOLD

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The third-place photo shows a girl using a drilling simulator at Lundin Mining’s Zinkgruvan mine in Sweden. LUNDIN MINING

2019-03-12 10:06 PM

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WWW.NORTHERNMINER.COM

MARCH 18–31, 2019 / THE NORTHERN MINER

A drill site at First Vanadium’s Carlin vanadium property, south of Elko, Nevada. FIRST VANADIUM

First Vanadium improves vanadium resource at Carlin NEVADA

BY RICHARD QUARISA

F

rquarisa@northernminer.com

irst Vanadium (TSXV: FVAN; US-OTC: FVANF) has calculated a new and improved resource estimate for its 4.6 sq. km Carlin vanadium project, 10 km south of Elko, Nevada. The project lies in the Carlin gold trend, a 20-minute drive from the town of Carlin.

The new resource estimate replaces and upgrades one from 2010.

The project now contains 24.16 million indicated tonnes grading 0.615% vanadium oxide (V2O5) for 303 million lb. V2O5 , as well as 6.5 million inferred tonnes at 0.52% V2O5 for 75 million lb. V2O5.

In comparison, the 2010 resource tallied 28 million inferred tonnes grading 0.51% V2O5 for 289 million lb. V2O5.

First Vanadium bases its resource on 127 holes drilled by previous

| Aims to start preliminary economic study by year-end

explorers, as well as 89 holes drilled across two of its own programs: first in early 2018, and then in mid-2018.

Its most-recent drill program ended in September 2018.

“The fall and early winter were all about getting the results from the laboratory,” First Vanadium president and CEO Paul Cowley said in an interview with The Northern Miner from downtown Toronto in late February. “We added 89 holes, so basically 40% more drilling on top of what was previously done.

“There was an increase in the overall tonnage, grade and metal content. Every metric was exceeded.”

The company now has 80% of its resource in the indicated category, with the indicated grade 20% higher than the historic inferred grade.

The company mostly drilled infill holes at Carlin, aiming to validate its previous data and accumulate as much indicated resource as possible.

It twinned six historic holes — either

Published by:

“WE KNOW THE DEPOSIT IS BIGGER.” PAUL COWLEY PRESIDENT AND CEO, FIRST VANADIUM

replicating or improving grades — and filled in areas that had received lighter drilling.

“We know the deposit is bigger,” Cowley said, noting that up to 35 of the company’s 89 holes were stepping out from the known resource area.

The company aims to start an economic study on the project this year — likely a preliminary economic assessment.

The company defined its resource within a pit shell that runs 1.8 km long and an average 600 metres wide.

Mineralization starts at surface and is contained within the shell to 120

metres below surface. The main mineralized zone ranges from 15 to 50 metres thick.

“It’s basically lying within a broad valley where it’s exposed,” Cowley said. “As the hillside rises on the east and west, you’re starting to get a little more waste rock on top of the deposit. Right now the stripping ratio is 2.6 to 1, which is a low strip ratio.”

First Vanadium will spend the next few months working on its metallurgical flow sheet, and will likely move into an economic study.

It is, however, contemplating more drilling at Carlin, to bring even more of its resource into the indicated category.

“It’s going to be a really good year for us,” Cowley said, noting vanadium costs are once again on the rise.

The spot price of vanadium has gone up US$2 per lb. V2 O 5 in a month, and sits around US$17.60 per lb. V2O5 flake. It spiked above

US$33 lb. V2 O 5 in October 2018, before crashing in November and December 2018. Three years ago it traded below US$3 per lb. V2O5.

“We’ve had a month and a half of steady increase, and that’s a good sign, because nobody likes the high fluctuations. Nobody’s confident then,” Cowley said.

“But we’re starting to see a good tracking of metal prices because the strong demand is still there. Those fundamentals are taking over, as opposed to the fall, where we had a very high rise and a sharp decline.

Those are all emotional reactions.

The price improving gradually is better than spiking.”

Shares of First Vanadium are trading at 80¢ in a 52-week range of 48¢ to $1.96. The company has a $31-million market capitalization.

It also has a copper project in Arizona, but says it is focused on its Carlin project due to its potential magnitude. TNM

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2019-03-12 10:06 PM

SPECIAL FOCUS

COLOMBIA, ECUADOR & PERU A view of the Andes north of Medellin, Colombia. PHOTO BY DAVID PERRI

Salazar set to dust off neglected portfolio ECUADOR

| Explorer buoyed by option deal with Adventus Zinc

BY DAVID PERRI dperri@northernminer.com

A

says. “We offer a solution as to where they can sell their material that is legal and environmentally responsible. It’s an important aspect of our business, in terms of partnering with the community.”

Last year the company produced 218,001 oz. gold — a 25% increase over 2017. This year it expects

fter riding out a decade of political and market instability, Ecuador-focused junior Salazar Resources (TSXV: SRL) has emerged with funds and a new focus to explore its portfolio of early-stage projects in the country.

The company is helmed by Fredy Salazar, an Ecuadorian geologist with more than 30 years of experience, including a stint working for Newmont Mining (NYSE: NEM) in the country. Over the years he had a hand in finding some of the nation’s most significant mineral deposits, including Lundin Gold’s (TSX: LUG) Fruta del Norte, Lumina Gold’s (TSXV: LUM) Cangrejos, and Zijin Mining’s Rio Blanco, the company says.

Salazar listed his namesake company in 2007, before enduring years of depressed markets after the 2008 global financial crisis, and stifling mineral development policies under former Ecuadorian president Rafael Correa.

“All through the turmoil, Fredy maintained work programs. His

See GRAN COLOMBIA / 10

See SALAZAR / 12

The processing plant at Gran Colombia Gold’s Segovia gold mine in Antioquia, Colombia. GRAN COLOMBIA GOLD

Gran Colombia Gold works with artisanal miners GOLD

BY TRISH SAYWELL tsaywell@northernminer.com

W

ith several underground mines and two processing plants at its Segovia and Marmato operations in Colombia, Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) is the South American country’s largest underground gold and silver producer.

Gran Colombia Gold’s mining operations also incorporate an artisanal miner model that contracts third-party miners to work on its concessions and deliver mineralized material to the company’s mill for processing — enhancing its relations with the local community.

“Rather than displace the artisanal miners, we allowed them to stay where they are working — as long as they are not interfering with our operation,” explains Mike Davies, the company’s chief financial officer. “We entered into contracts with them. We buy their material for our processing plant and pay them based on the gold content, and then take it from there.”

Davies notes that Segovia — which the company acquired in 2010 — is in a historic mining district, and artisanal miners have mined there for generations.

“People just want to mine like their parents, grandparents and great grandparents,” he says. “It’s part of our social licence to operate.”

He also notes that the company’s contracts help artisanal miners pursue their livelihoods — despite the fact that they do not have legal title to the land, and could not otherwise sell their ore to a processing plant.

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| Junior producer digs into historic mining districts Government regulations to formalize the artisanal mining sector and restrict the use of mercury and explosives have made it harder for artisanal miners, Davies says. “The new laws focus on small miners — if they want to sell material to a processing plant, they have to have a certificate of origin to show that they have legal title to the material.”

Gran Colombia Gold has over 30

contracts with artisanal miners at its Segovia concessions and follows a similar model at Marmato, where it has four contracts, and is negotiating another three. Altogether, Davies says, the gold produced from mineralized material provided by artisanal miners makes up between 8% and 10% of the company’s total production.

“It’s a way to cohabitate,” Davies

2019-03-12 10:06 PM

10

MARCH 18–31, 2019 / THE NORTHERN MINER

COLOMBIA, ECUADOR & PERU

WWW.NORTHERNMINER.COM

Workers underground at Gran Colombia Gold’s Segovia gold mine in Colombia. GRAN COLOMBIA GOLD

Gran Colombia Gold works with artisanal miners See GRAN COLOMBIA / 10

to produce between 210,000 and 225,000 oz. gold.

Its Segovia operations — which consist of the producing El Silencio, Providencia and Sandra K mines — make up most of the company’s total gold production (193,050 oz. in 2018).

The three underground mines — which have operated continuously for over 150 years — are situated within a couple kilometres of one another on the company’s 30 sq. km title, 180 km northeast of Medellin.

Segovia also contains the Carla underground mine, 10 km southeast.

Segovia has measured and indicated resources of 3.5 million tonnes grading 11.8 grams gold per tonne for 1.3 million contained oz. gold, and inferred resources of 3.6 million tonnes grading 10.1 grams gold per tonne for 1.2 million oz. gold.

El Silencio — the oldest and deepest of the three mines — reaches 1 km deep. Of Gran Colombia Gold’s 424 channel samples from this depth, 69% averaged 10 grams gold or more, and 39% averaged over 30 grams gold. “That’s pretty good,” Davies says. “Thirty grams gold per

tonne is almost 1 oz. gold, so that’s a pretty exciting area.”

The two other mines — La Providencia and Sandra K — extend to 600 and 400 metres’ depth.

This year Gran Colombia Gold plans to drill 10,000 metres at El Silencio to extend the north, middle and south ore shoots 200 metres down-plunge, below the delineated mineral resource. It also plans to drill 4,000 metres each at La Providencia and Sandra K, and has earmarked funds to drill 2,000 metres on one of the 24 veins on the property called “Cogote.”

The company has four diamond drill rigs turning at Segovia, with three rigs carrying out resource definition within the underground developments at Providencia, Sandra K and El Silencio, and one rig operating from surface at Campo Alegre targeting the down-plunge extension of the north ore shoot at El Silencio.

The 20,000-metre drill program at Segovia can be funded from cash flow, but the company plans to increase the drill program with another 60,000 metres over the next two years. To that end, it announced a $20-million convertible debenture bought deal on March 4 to fund the

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• Core Drilling • Heli-portable • Directional • Reverse Circulation • Rotary • Sonic • Energy • Dewatering • Water Wells • Drill & Blast

exploration program. “The 60,000 metres will start mid-year and carry through to the end of 2020,” Davies says. “We’re doing five years of drilling in the next two years by raising that money.

“Our reserves at Segovia are good for three or four years, so our objective by accelerating the drilling is to accelerate the conversion of resources to reserves, and have a much stronger mine life in front of us.”

At the end of February, the company released assay results from 83 drill holes (8,043 metres) drilled in 2018.

Highlights from infill drilling at Providencia included 84.10 grams gold and 97.7 grams silver over 0.7 metre and 105.93 grams gold and 65.2 grams silver over 0.4 metre in the Providencia vein. The drill program delineated a new high-grade zone west and near the high-grade orebody in production, with maximum grades of 15.49 grams gold and 22.7 grams silver over 3 metres.

Infill drilling at Sandra K continued to delineate and extend downplunge the main ore shoots outlined by mining within the upper levels of the existing operation. Assays from 35 holes drilled from underground on the main vein system returned 84.14 grams gold and 94.1 grams silver over 2 metres, and 44.46 grams gold and 141.5 grams silver over 2 metres.

At El Silencio, infill drilling returned grades of 14.09 grams gold and 37.9 grams silver over 2 metres on the Manto vein, and 15.78 grams gold and 14.2 grams silver over 1 metre on the 1385 vein.

Meanwhile, Gran Colombia Gold

“RATHER THAN DISPLACE THE ARTISANAL MINERS, WE ALLOWED THEM TO STAY WHERE THEY ARE WORKING — AS LONG AS THEY ARE NOT INTERFERING WITH OUR OPERATION.” MIKE DAVIES CHIEF FINANCIAL OFFICER, GRAN COLOMBIA GOLD

continues to advance its Marmato project, which it acquired through its 2011 merger with Medoro Resources.

Marmato is 80 km south of Medellin in the heart of the country’s Middle Cauca gold district. It is located close to the Pan American Highway and has access to the national electricity grid, which runs near the property.

Medoro consolidated the various areas of the Marmato mountain in 2009 and 2010 — including the Zona Alta exploration project, the Marmato underground mine in Zona Baja (which produces 25,000 oz. gold a year), and the Echandia exploration project to the north.

When the gold price collapsed in 2013, Gran Colombia put Marmato on hold and focused on its Segovia operations, because they were producing cash.

Then, in 2017, when the Segovia operations were running smoothly and the gold price was higher, Gran Colombia looked at Marmato again and changed the focus of the project from an open pit to an underground operation.

“Originally it was thought of as a very large, low-grade open pit,” Davies says. “It had over 14 million oz. gold identified in the resource,

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but the development of that project came with very high front-end capital costs, and with some social issues, because there is a town at the top of the mountain.”

Drilling before 2017 had shown higher-grade, porphyry-style mineralization below the underground mine, so the company decided to follow up. It completed 8,200 metres in 2018 to help establish confidence in the opportunity at depth.

Now the company is working on a preliminary economic assessment study of Marmato predicated on an expansion of the existing underground mine at depth. That model, Davies says, “will probably have a lower upfront capital cost that could be financed in today’s market, and it would not have any of the social issues accompanied with an open pit.”

“We’re moving the studies forward, and later this year, we will have a better idea of size and scale, and how we’re going to move forward.”

The top of the mountain sits 1,50 0 metres above sea level, and Marmato is being mined at 1,000 metres above sea level. The deeper underground mine Gran Colombia Gold is contemplating would be in a zone between 500 metres and 1,000 metres above sea level.

Marmato has 41.2 million measured and indicated tonnes grading 2.9 grams gold and 17 grams silver per tonne for 3.89 million contained oz. gold and 22.56 million oz. silver.

In addition, it has inferred resources of 52 million tonnes grading 2.5 grams gold and 9 grams silver for 4.19 million contained oz. gold and 15 million contained oz. silver.

In January, Gran Colombia Gold adopted a shareholder rights plan agreement. At the time it reported that to its knowledge, no existing shareholder owned more than 20% of the company.

The company has 48-million shares outstanding for a $167-million market capitalization.

At press time, Gran Colombia Gold was trading at $3.47 per share within a 52-week range of $2.02 to $4.67. TNM

2019-03-12 10:06 PM

COLOMBIA, ECUADOR & PERU

GLOBAL MINING NEWS

THE NORTHERN MINER / MARCH 18–31, 2019

11

COLOMBIA, ECUADOR & PERU SNAPSHOT Eight juniors on the hunt for minerals Despite centuries of local mining history, the northern Andes remain under-explored by modern standards, and the region stands as one of the favourite destinations of the world’s mineral explorers. Here is a look at eight Canadian-based juniors active in Colombia, Ecuador and Peru.

LUPAKA GOLD Vancouver-based Lupaka Gold (TSXV: LPK; US-OTC: LPKGF) says its priority is advancing to production its Invicta gold-copper polymetallic project in Peru’s Huaura province, 120 km from Lima.

In all zones at Invicta, there are indicated resources totalling 3 million tonnes grading 4.07 grams gold per tonne, 24.81 grams silver per tonne, 0.60% copper, 0.36% lead and 0.42% zinc for a 558,000 contained oz. gold equivalent.

There are another 577,000 inferred tonnes at 4.91 grams gold, 5.49 grams silver, 0.10% copper, 0.11% lead and 0.15% zinc. These figures are at a cut-off grade of 3 grams gold-equivalent per tonne.

A preliminary economic assessment on only part of the Invicta resource envisages an initial mining rate of 350 tonnes per day over a six-year mine life, resulting in annual pre-tax cash flow of US$10.2 million. Lupaka says that by using existing infrastructure, the project “requires very little upfront capital and illustrates a payback of less than one year.”

On March 4, Lupaka reported that “discussions between community leaders and the authorities have resulted in the end of the illegal demonstration” at Invicta, and that, “as previously announced on Oct. 25, 2018, access to Invicta had been restricted due to a blockade by members from the nearby community of Paran. The company has agreed to enter into a formal dialogue with Paran to re-establish a positive working relationship with the community.”

On March 7, Lupaka said it had enhanced its short-term liquidity by a combined $2 million, thanks to a debt-for-share arrangement and a private placement.

Lupaka president and CEO Will Ansley said the liquidity injection is a “significant milestone and development for Lupaka.”

SIERRA METALS Based in Toronto, Sierra Metals (TSX: SMT; NYSE-AM: SMTS) owns and operates three precious and base metal mines in Latin America: the 82%-owned Yauricocha mine in Peru and the Bolivar and Cusi mines in Mexico.

Located in Lima Department, the Yauricocha mine produces silver, lead, zinc, copper and gold from a high-temperature, carbonatereplacement deposit. It’s an underground mine, with miners using sublevel caving and cutand-fill methods, as well as ore processing in a flotation plant.

In Mexico, Bolivar produces copper, silver and gold while the smaller Cusi produces silver, lead, gold and zinc. Both are underground mines.

In early March, Sierra entered into a six-year, senior-secured corporate credit facility with Banco

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Panoro Minerals’ Antilla copper-molybdenum project in Peru. PANORO MINERALS de Credito del Peru for funding of up to US$100 million. The company says the arrangement provides it with more liquidity and “financial flexibility to fund future capital projects in Mexico” as well as corporate working capital requirements. The company will also use the proceeds to repay existing debt in the near-term.

In 2018, on a consolidated basis, Sierra Metals produced 2.7 million oz. silver (a 17% increase from 2017), 34.0 million lb. copper (27% increase), 76.8 million lb. zinc (1% increase), 27.7 million lb. lead (7% decrease) and 7,743 oz. gold (25% increase). Full-year financial results are to be released at the end of March.

CONTINENTAL GOLD Toronto-based, Ari-Sussman-led Continental Gold (TSX: CNL; USOTC: CGOOF) says its “first-mover advantage” in Colombia has helped it accumulate a portfolio of “highgrade and high-impact exploration and development properties.”

With underground development remaining well ahead of schedule, we are confident that extra time available for pre-production stope preparation will provide the company with a buffer of excess material to feed the plant on planned start-up of commercial production next year.”

PAN ANDEAN MINERALS Vancouver-based explorer Pan Andean Minerals (TSXV: PAD; US-OTC: BCGOF) has been listed on the TSX Venture Exchange for 11 years, with a focus on copper and gold exploration.

The company says it “acquires prospective gold and copper-gold exploration properties considered to have significant mineral potential by staking, option or purchase agreements” on a portfolio of properties in Peru and Yukon, with the focus being Peru.

However, on March 5, the company said it is “pursuing alternative business opportunities.”

Pan Andean is led by president and CEO Sung Bum “Spencer” Huh, and recently added to its advisory board South Korean business executive Ki-Tae “Robert” Lee, who recently retired as executive officer at Hanwha Investment & Securities after stints as a fund manager, trader and air force pilot.

“Mr. Lee’s wealth of expertise and experience provides the company with an incredible opportunity to access the South Korean capital markets,” CEO Huh said in a release. “I look forward to working closely with Mr. Lee as we explore opportunities in Korea and elsewhere.”

PANORO MINERALS Vancouver-based, Luquman

Shaheen-led Panoro Minerals (TSXV: PML; US-OTC: POROF) continues to advance its flagship Cotabambas copper project in southern Peru, where it has drilled more than 80,000 metres since 2007.

Indicated resources at Cotabambas stand at 117.1 million tonnes grading 0.42% copper, 0.23 gram gold per tonne and 2.74 grams silver per tonne, while inferred resources are 605 million tonnes at 0.31% copper, 0.17 gram gold and 2.33 grams silver.

Panoro also has its large, development-stage Antilla coppermolybdenum project in Peru. Both projects are in the AndahuaylasYauri mineral-rich belt.

Panoro says it is “well financed to grow and enhance its two key

See SNAPSHOT / 14

Its wholly owned Buritica gold mine project will soon tap into reserves of 13.7 million tonnes grading 8.4 grams gold per tonne, or 3.7 million oz. gold, with production scheduled for 2020.

Gold major Newmont Mining owns 19.9% of Continental Gold, after investing US$109 million at a 46% premium to the market (at the time) to help fund project construction.

Continental says it is on schedule with activities at Buritica, where it had planned 100,000 metres of drilling in 2018.

In a March 5 release, Sussman said: “It is a very exciting time for Continental Gold, as we are now drifting along high-grade mineralization in both the Yaragua and Veta Sur systems that we plan to mine by longitudinal longhole stoping, beginning in 2020.

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

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

2019-03-12 10:06 PM

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MARCH 18–31, 2019 / THE NORTHERN MINER

COLOMBIA, ECUADOR & PERU

WWW.NORTHERNMINER.COM

Salazar Resources founder, president and CEO Fredy Salazar with a drill rig in 2018 at the Curipamba VMS project in Ecuador. Adventus Zinc is earning a 75% stake in the project. SALAZAR RESOURCES

Salazar set to dust off neglected portfolio SALAZAR From 9

team made discoveries, bought drill rigs, survived, and generated an internal pipeline of projects and ideas,” says Merlin Marr-Johnson, who was appointed in January as a director and vice-president of corporate development.

In recent years the company’s attention was on the Curipamba polymetallic project in centralwest Ecuador, which it optioned to Adventus Zinc (TSXV: ADZN) in 2017. “There’s a whole portfolio of projects that have been neglected because of the work on Curipamba.”

Salazar has built up a treasury of $5.1 million (as of March 1, 2019).

Through the five-year agreement with Adventus it receives at least US$600,000 per year from management fees, and an advance on production from Curipamba.

Salazar Resources also has a drilling subsidiary, which services Curipamba at market rates and is expected to deliver US$500,000 to

US$1 million in income for 2019.

The company just added a third drill rig to its fleet, which it plans to employ at its own properties, as well as third-party projects.

Salazar has earmarked $2 million for exploration at its wholly owned projects over the next 18 months.

Specific exploration plans are still unsettled, but Salazar expects to spend half of its budget on the Ruminahui copper-gold-silver porphyry property, 100 km northwest of Quito. “It was first mapped and licensed by Fredy 20-odd years ago,” Marr-Johnson says.

The 29.1 sq. km property is 90 km from SolGold’s (TSX: SOLG) Cascabel copper-gold project and 30 km from Codelco’s llurimagua copper-moly project.

Ruminahui was first explored by informal placer miners, who found a large shear zone with narrow, gold-rich quartz veins and accessory copper and silver, the company says.

Artisanal miners extracted gold from shallow ore via two adits, as

well as panning on-site.

The property has seen little advanced exploration beyond mapping. Rock-chip and channel samples from the two known targets, San Francisco and Sune, yielded high-grade gold.

Drill permits are outstanding on the project, but Marr-Johnson says a 5,000- to 7,000-metre campaign of shallow drilling could be in order.

The company is also considering a geophysics program.

Salazar’s ongoing community liaison program is crucial in the sparsely populated, conservative farming community around Ruminahui, he says. Artisanal miners left the property in 2007 after “squabbles” with landowners, and there has been no mining activity on the property since.

“A long time ago Fredy actually bought a farm there, in the heart of the area. So, he has become a neighbour of the landowners,” MarrJohnson says. “Fredy has been there gradually calming everybody down

“ALL THROUGH THE TURMOIL [IN ECUADOR] FREDY MAINTAINED WORK PROGRAMS. HIS TEAM MADE DISCOVERIES, BOUGHT DRILL RIGS, SURVIVED, AND GENERATED AN INTERNAL PIPELINE OF PROJECTS AND IDEAS.” MERLIN MARR-JOHNSON DIRECTOR AND VP OF CORPORATE DEVELOPMENT, SALAZAR RESOURCES

and opening people up to the concept of exploration there.

“He’s a very quiet-spoken, calming figure. He has been brought in by other companies operating in Ecuador to assist with talking to the locals.”

Another $1 million will advance other exploration properties, including Macara-Bonanza in southern Ecuador, and potentially Alisales in southern Colombia. Both areas host gold vein and copper-gold porphyry targets. However, licences surrounding Macara-Bonanza and

Salazar Resources geologist Carlos Aguila (right) at the Pijili project, which is being advanced by Adventus Zinc under the partners’ Ecuador exploration alliance. SALAZAR RESOURCES

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the main licences at Alisales have yet to be fully ratified. Upon receipt of the relevant licences, both projects could quickly advance to drill-ready status, Marr-Johnson says.

Meanwhile, Salazar remains fully carried on its 25% stake in Curipamba, where Adventus recently finished a 15,000-metre infill drill program aimed at upgrading resources ahead of a resource update and preliminary economic assessment, expected this year.

Curipamba hosts the shallow, flat-lying El Domo polymetallic volcanogenic massive sulphide deposit.

A January 2018 open-pit resource estimate for El Domo outlined 8.8 million indicated tonnes grading 1.62% copper, 2.34 grams gold per tonne, 2.42% zinc, 48 grams silver per tonne and 0.27% lead. Additionally, the deposit contains 2.6 million inferred tonnes grading 1.29% copper, 1.09 grams gold, 1.51% zinc, 29 grams silver and 0.14% lead.

Salazar and Adventus are also cooperating elsewhere in Ecuador after forming a country-wide exploration alliance in 2017. Projects under the alliance are owned 80% by Adventus and 20% by Salazar, with the former incurring all expenses up to a construction decision, while the latter is paid cost, plus 10% for conducting exploration activity.

Two projects, Pijili and Santiago, are part of the alliance. Both are early stage and show copper-gold porphyry and epithermal gold-silver potential. In November 2018, the partners announced the start of an airborne electromagnetic survey over both properties.

Salazar shares sell for 16¢ apiece, in a 52-week trading range of 10¢ to 16¢. The company has a $19.6-million market capitalization. TNM

2019-03-12 10:06 PM

COLOMBIA, ECUADOR & PERU

GLOBAL MINING NEWS

THE NORTHERN MINER / MARCH 18–31, 2019

13

Aurania Resources finds more copper at Lost Cities–Cutucu COPPER

BY TRISH SAYWELL

G

tsaywell@northernminer.com

old-oriented Aurania Resources (TSXV: ARU) is finding as much copper as gold in the early innings of exploration at its Lost Cities–Cutucu project in southeastern Ecuador.

In January the junior explorer reported grades ranging from 0.9–9% copper from eight grab samples of rock in streams at its Tsenken-A porphyry target. Highlights included 9% copper with 185 grams silver per tonne and 7.1% copper with 19 grams silver per tonne.

The streams drain an area that has a geophysical signature on the edge of a large magnetic feature at Tsenken.

Copper mineralization at Tsenken-A has been found in a 3 by 1 km area, and the company says its exploration concept defines a porphyry body intruding a sedimentary and volcano-sedimentary sequence, with f luids from porphyry infiltrating and mineralizing the permeable sedimentary and volcano-sedimentary rocks.

The Tsenken magnetic feature lies 8 km from Aurania’s Kirus magnetic feature, where copper grades of up to 5.39% copper with 54.5 grams silver per tonne were obtained, and 12 km from Jempe, where the company found grades of up to 3% copper and 47 grams silver per tonne.

At Jempe, the company has reported grab samples from rocks running as high as 325 grams silver per tonne, 48% zinc and 39% lead.

The samples were taken from the Shimpia target — situated between Aurania’s Tiria epithermal goldsilver target and the Jempe copper porphyry zone — and were reported in November 2018. (Shimpia lies within a fault-bounded area that is linked with the magnetic zone appearing in geophysical data at Jempe.)

“It is early days yet, but I believe it is very significant that our geologists are finding secondary copper minerals in proximity to our magnetic targets,” Keith Barron, Aurania’s chairman and CEO, said in a press release, noting that the company’s approach to copper-gold exploration has been to focus its geochemical and prospecting program on targets from an airborne geophysics survey in late 2017.

Porphyry characteristics have been found at four of the five magnetic features the company has investigated so far.

“Our findings would suggest that in the Cutucu, copper blankets have been at least partially preserved over a 20 km wide area, and that substantial copper enrichment and natural upgrading has taken place,” Barron said. “Elsewhere in the world, such as at Morenci in Arizona, the primary porphyry mineralization at depth is not economically interesting, but the enrichment blanket has sustained production for many years. We are very encouraged.”

At its Kirus target, grab samples of rock returned 4.83% copper and 58.8 grams silver per tonne, and 4.28% copper and 48.4 grams silver per tonne. Another sample — 1.5 km southwest — returned 5.3% copper and 79 grams silver. The samples were all found in rivers that flow northward off the area of strong magnetism represented at Kirus.

Copper is present as the minerals chalcocite, cuprite and malachite in

1-16, 23_MARCH18_Main .indd 13

| Junior explorer will drill six to eight targets in 2019

“THE DRUM THAT WE’RE BEATING IS TO EXPECT COPPER OVER THE SHORT-TERM AND OVER THE LONGTERM, THINGS WILL BALANCE OUT BETWEEN GOLD AND COPPER.” RICHARD SPENCER PRESIDENT, AURANIA RESOURCES

slabs of fine-grained, bedded tuffs and sedimentary rocks.

“We’re a gold-oriented company, obviously, but we’re talking more about copper and silver than anything else, and that’s the nature of the beast,” Richard Spencer, Aurania’s president, tells The Northern Miner in an interview. “Copper targets are probably going to advance a bit quicker than the gold ones, because the geophysics haven’t been that helpful with gold. But we started drilling ... on a gold target, and it’s epithermal. It is a much more difficult thing than walking up to copper you can see on surface, and sampling them. So the drum that we’re beating is to expect copper over the short-term, and over the long-term, things will balance out between gold and copper.”

One of the most exciting things, Spencer says, is that Aurania has “a coherent land package” and has seen continuity between intrusiverelated or porphyry styles, with a lot of copper porphyry targets, as well as replacement or mantos-style silver-zinc-lead — which is quite well-known in northern Peru, but not yet known in Ecuador — in addition to epithermal systems with gold and silver targets.

“We’ve seen this whole spectrum of related commodities,” Spencer says, adding that the company has 16 targets so far, 11 of which are epithermal, and plans to drill be-

Aurania Resources president Richard Spencer taking notes in the field. AURANIA RESOURCES

tween six and eight targets this year.

“We’ve just started scout drilling and we will drill a handful of holes in each target,” he says. “The first drilling will be at Crunchy Hill, our first epithermal target, and then the next three or four after that will be epithermals as well, and then we

have to start looking at copper and silver targets, too.

“The concept is to use scout drilling as our primary means of ranking the targets and seeing which ones fit our profile best, and which ones we can most efficiently advance. And there might be a bunch of targets,

especially copper-silver ones, that would be best advanced in the hands of a major or a joint-venture.”

Spencer notes that interest in Aurania’s project at the Prospectors & Developers Association of Canada convention this year was as strong as ever.

“I don’t think our booth was empty for one minute — it was quite mind-boggling,” he says. “Last year ours was a bit of a conceptual play, and this year we’re starting to get more real and demonstrate results to people. Last year we were talking about this mineralized trend we were on — an extension of an existing belt — and this year we could start to point to results.”

Of course, he adds, “everyone would like us to go faster, and so would we, but going fast means more money in the ground, which is good, but money is the fundamental issue. But we’re getting pretty good support from our shareholders.”

At the end of January, Aurania announced a rights offering to raise up to $6.4 million, and Barron committed to backstop up to $4 million of it. Under the offering, shareholders could subscribe for a common share for $2.70 per share — a 15% discount to the company’s share price as of Jan. 28. The funds will be used for exploration expenses, including scout drilling, concession fees, and general and administrative purposes.

As for working in Ecuador — Spencer is a big fan.

“There are some headaches, as there are in many jurisdictions, but we’re seeing a real move towards ministers who are economics-driven,” he says. “They’re being moved into key positions, and they’re not necessarily politicians. They are people from the business world who can get things done, and there’s a real drive to get the economy turning and more jobs, and really grow the economy, and mining is one of those key industries that the government recognizes — with a little bit of stimulus — can have a hugely positive impact on the economy.” TNM

2019-03-12 10:06 PM

This is a estioribu

14

MARCH 18–31, 2019 / THE NORTHERN MINER

COLOMBIA, ECUADOR & PERU

WWW.NORTHERNMINER.COM

An outcrop at Zinc One Resources’ Bongara zinc project in Peru. ZINC ONE RESOURCES

COLOMBIA, ECUADOR & PERU SNAPSHOT SNAPSHOT From 11 projects over the next 24 months, including strategic arrangements with Wheaton Precious Metals and Hudbay Minerals,” and that its Peruvian projects could become the “backbone of a new copperproducing company, based in the fastest-growing copper-producing nation in the world.”

In January 2019, Panoro had $21.6 million in funding for ongoing work, and a $66-million market capitalization.

RIO2 From its Vancouver base, Rio2 (TSXV: RIO; US-OTC: RIOFF) says it is “building a multi-asset, multijurisdiction, precious metals company focused in the Americas,” with current projects in Peru, Chile and Nicaragua.

In February, Rio2 has closed the first tranche of its non-brokered private placement by issuing 12.6

million units at 46¢ apiece for gross proceeds of $5.81 million.

Each unit consists of a share and a warrant, with each warrant entitling the holder to buy another share for 65¢ per share within two years.

In Peru in 2017, Rio2 entered into an option agreement with Compania Minera Milpo, whereby the junior has an option to acquire all rights and interests in seven Milpo gold exploration prospects totalling 190 sq. km in Peru.

In Chile’s Atacama III Region in July 2018, Rio2 acquired a 100% interest in the Fenix gold project by merging with Atacama Pacific Gold Corporation.

In January, Rio2 released encouraging initial results from a new exploration program at Fenix, including highlights from the first 11 reverse-circulation drill holes and four trenches. The drilling represents 2,236 metres of a 7,000-metre drilling program that

got underway in November 2018.

TOACHI MINING Toronto-based junior Toachi Mining (TSXV: TIM; US-OTC: TIMGF) describes its La Plata property in north-central Ecuador as hosting a gold-rich, volcanogenic massive sulphide deposit.

La Plata was the subject of smallscale mining from 1975–1981 by Finnish giant Outokumpu, and modern drilling by Cambior from 1996–1999, and Cornerstone Capital from 2006–2009. Drilling at the property so far totals 14,500 metres.

At a 4 gram gold equivalent cut-off grade, the Plata deposit hosts an inferred resource of 1.9 million tonnes at 4.1 grams gold per tonne, 49.4 grams silver per tonne, 3.3% copper, 0.6% lead and 4.5% zinc.

Toachi is led by president and CEO Alain Bureau and chairman

Jonathan Goodman. Others involved in the company include independent directors Laurence Curtis, Peter Nixon, Ebe Scherkus and Carolina Vargas.

In March, Toachi released updated metallurgical study results, with Bureau commenting: “Today, we take another step in the right direction, with a metallurgical program corroborating that the material responds favourably to traditional flotation concentration processes. These results further support the immense confidence we have in the future economic viability of the La Mina deposit, and represent a major milestone for our project.”

ZINC ONE RESOURCES Zinc One Resources (TSXV: Z; USOTC: ZZZOF) is another Vancouverbased junior exploring for riches in Peru. Zinc One’s key assets in the country are the past-producing Bongara zinc mine project and Charlotte-Bongara zinc project.

Zinc One describes Bongara as being in production from 2007 to 2008, but “shut down, due to the global financial crisis and concurrent decrease in the zinc price. Past production included >20% zinc grades and recoveries over 90% from surface and near-surface non-sulphide mineralization.”

The junior says the neighboring Charlotte-Bongara has “multiple atsurface, high-grade drill intercepts providing numerous drill targets and excellent exploration potential.”

In February, Zinc One calculated the first National Instrument 43-101 compliant resource at Bongara, with the indicated resource standing at 812,000 tonnes grading 18.9% zinc, containing 339 million lb. zinc at a 10% zinc cut-off. Inferred resources are 1.34 million tonnes at 16.8% zinc, containing 496 million lb. zinc at a 10% zinc cutoff. TNM

Continental Gold’s Buritica gold project in Colombia. PHOTO BY DAVID PERRI

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2019-03-12 10:06 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / MARCH 18–31, 2019

15

Revival Gold builds scale at Beartrack and Arnett in Idaho GOLD

| Aims to table resource update by year-end

BY RICHARD QUARISA

R

rquarisa@northernminer.com

evival Gold (TSXV: RVG; USOTC: RVLGF) has reported the last four holes from its 2018 drill program at its contiguous Arnett and Beartrack gold projects in Lemhi County, Idaho, 17 km from the town of Salmon.

The company drilled 900 metres across six holes at Arnett’s Haidee target in November 2018. Before that, it drilled 7,700 metres across 15 holes at Beartrack.

“The focus of the drilling in 2018 at Beartrack was about building resource, but it was also about building scale,” Revival president and CEO Hugh Agro says in an interview with The Northern Miner on the sidelines of the 2019’s Prospectors & Developers of Canada Association convention in Toronto. “And when we get back in there this year, we’ll be focused on scale, because we’ve got a lot of strike length — a lot of mineralization to drill off.”

The company was able to get into Arnett at the end of its 2018 drill season, but had to shut its drills down early when weather conditions worsened.

Although the company can turn drills year-round at the project, it finds that stopping in November for the winter is more efficient.

“We’re itching to get back in there this year,” Agro says.

The company cut 15 metres grading 0.64 gram gold from 15 metres downhole in Haidee, as well as 8 metres at 6.65 grams gold from 377 metres downhole from 383 metres downhole at Beartrack’s Joss area.

Agro says the plan this year is to get back into Arnett, while building on what Revival has at Beartrack.

Beartrack is a former producer, having featured an open-pit heap leach mine in the 1990s that recovered 600,000 oz. gold. It closed when gold prices fell below US$300 an ounce.

A resource Revival tabled at Beartrack in 2018 totalled 33.3 million

A drill at Revival Gold’s Beartrack gold project in Idaho. REVIVAL GOLD

indicated tonnes grading 1.13 grams gold for 1.2 million oz. gold and 16.9 million inferred tonnes at 1.41 grams gold for 765,000 oz. gold. The resource has mostly mill material, with 14 million tonnes of leachable material.

The company’s 2018 drilling extended Beartrack’s strike length 950 metres south of its current resource, around the project’s Joss target.

The project is open southwest and

at depth, and covers 5 km of strike length.

“We’re trying to show is that it’s a big system,” he says. “For a mill resource we need to have a big body of mineralization to justify the cap.

“As a mining engineer, it’s less interesting to me to find material.

What we want to do is find economics, and so by showing scope on Beartrack’s system, we get closer and closer to the critical mass that

makes sense for a potential mill operation.”

Arnett is a 23.8 sq. km claim block adjoining Beartrack to the west.

The company’s 2018 drilling at Arnett confirmed near-surface gold in oxides over 400 metres of strike at Haidee. The target is open northwest and down dip to the southeast. While the company has a starting point with leachable material already defined at Beartrack, it sees the

potential for building its leachable material at Arnett.

“What we’re doing is building out the critical mass of leachable material,” Agro says. “Because we’ve got an existing ADR facility, we’ve got leach ponds, we’ve got cyanidation permits and we’ve got power to site. We’ll have to put additional capital into refurbishing the infrastructure, but the point is the typical cost for these leach operations is quite a bit less than a mill operation, so for a smaller company, our first goal is to get that up and running. The second step is the wider potential on the property for a mill.

“So we’ve kind of got our cake and can eat it too. We’ve got the near-term project and we’ve got the longer-term potential.”

The company is permitting five drill targets along a pair of 2 to 4 km parallel trends at Arnett. When it does this, it will have 52 permitted drill pads across the two projects.

It has a total 51 sq. km land position across its Arnett, Beartrack and Rabbit projects. Rabbit, which lies south of Beartrack and Arnett, is a greenfields target still subject to permitting. The company hopes to drill Rabbit in 2020.

In 2019, the company plans to finish permitting as well as its secondphase, sulphide metallurgical test work at Beartrack. The company will drill between 1,000 and 2,000 metres of step out holes at the project, and complete regional geochemical work.

At Arnett it will drill 4,000 to 6,000 metres for resource expansion and exploration. It will complete geochemical sampling and magnetic geophysics, as well as oxide metallurgical test work.

“We’re looking to start a resource update by the end of the year,” Agro says. “If all goes well, in 2020, we’ll be into a preliminary economic assessment.”

Shares of Revival Gold are trading at 79¢ in a 52-week range of 54¢ to 99¢. The company has a $33-million market capitalization. TNM

The South Pit ridge at Revival Gold’s past-producing Beartrack gold property in Idaho. REVIVAL GOLD

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2019-03-12 10:06 PM

16

WWW.NORTHERNMINER.COM

MARCH 18–31, 2019 / THE NORTHERN MINER

A drill rig on the Dark Star gold deposit at Gold Standard Ventures’ Railroad project in Nevada. GOLD STANDARD VENTURES

Gold Standard Ventures’ Railroad an ‘attractive target,’ Macquarie says NEVADA

BY TRISH SAYWELL tsaywell@northernminer.com

W

ith Barrick Gold’s (TSX: A BX; N YSE: GOLD) now-abandoned hostile takeover bid for Newmont Mining (NYSE: NEM) putting new scrutiny of both companies’ assets in Nevada, Gold Standard Ventures’ (TSX: GSV; NYSE-AM: GSV) Railroad gold project in the state is “increasingly an attractive potential target,” mining analysts at Macquarie Research claim in a recent research note.

“Gold Standard Ventures has the largest undeveloped oxide gold

THE PERFECT

GIFT

| Company continues to aggressively drill Carlin trend property

deposit on the Carlin trend,” the analysts wrote in a Feb. 25 note to clients, stating that it puts the company “firmly on the radar for its [more than] 3.6 million oz.

Carlin trend land position in the merger-mania context focused on Nevada.”

The company owns a 100% stake in the Railroad project, which makes up part of Gold Standard Ventures’ 18 km long land position in the gold-rich district.

“Gold Standard Ventures is in the early innings of documenting multiple deposits at Railroad,” the analysts forecast. “Dark Star has a high-grade, +1 gram gold oxide pit

“GOLD STANDARD VENTURES IS IN THE EARLY INNINGS OF DOCUMENTING MULTIPLE DEPOSITS AT RAILROAD.” MINING ANALYSTS MACQUARIE RESEARCH

and an emerging sulphide resource to depth, with pit potential — typical of Carlin systems. Dark Star also has ‘Cortez-like breccias’ that are potentially high-grade feeders in the Penn Perm, with depth potential at the favourable Devil’s Gate contact. This makes Gold Standard Ventures an attractive

target, especially in the context of the ABX hostile bid for NEM.” The Railroad project in northcentral Nevada — 47 km southwest of Elko — covers 208 sq. km, and is next to Newmont Mining’s Rain and Emigrant mines.

It consists of the newly discovered Dark Star deposit, the

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near-surface, oxide gold Pinion deposit, and the classic Carlinstyle North Bullion deposit.

The project covers 14 km of the Bullion fault corridor, a gold-mineralized, north- to south-trending structural corridor, which hosts both Pinion and North Bullion.

North Bullion is 7 km north of Pinion, and the company says there are many untested targets in-between.

Dark Star, 2.1 km east of Pinion, is hosted at the north end of the 7 km long Dark Star structural corridor.

On March 4, the company reported more oxide gold results from 37 reverse-circulation (RC) infill and step-out holes in the southern part of the Dark Star deposit.

Eleven infill holes were drilled on the east side of the deposit. Noteworthy holes were 52 metres of 0.73 gram gold per tonne, including 14 metres of 1.58 grams gold in 19-37; 43 metres grading 0.50 gram gold, including 6 metres of 1.15 grams gold in 19-46; and 63 metres of 0.40 gram gold, including 8 metres of 1.04 grams gold in 19-52.

Dark Star has an indicated resource of 15.38 million tonnes grading 0.54 gram gold for 265,100 contained oz. gold, and an inferred resource of 17.05 million tonnes grading 1.31 grams gold for 715,800 contained oz. gold.

North Bullion contains indicated resources of 2.92 million tonnes grading 0.96 gram gold for 90,100 oz. gold, and inferred resources of 10.97 million tonnes grading 2.28 grams gold for 805,800 oz. gold.

Pinion has 31.61 million indicated tonnes averaging 0.62 gram gold for 630,300 oz. gold, and 61.08 million inferred tonnes grading 0.55 gram gold for 1.08 million oz. gold. The resource estimates will be updated this year with drill results from 2018.

Macquarie has a 12-month price target on the stock of $4 per share.

At press time, the company was trading at $1.51 per share within a 52-week trading range of $1.46 to $2.40.

Gold Standard Ventures has 260 million shares outstanding for a $392-million market capitalization. TNM

2019-03-12 10:06 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / MARCH 18–31, 2019

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WWW.NORTHERNMINER.COM

MARCH 18–31, 2019 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / MARCH 4–8 Canada’s benchmark index fell 0.44% to 15,996.21 to start March 2019 after a strong February. The S&P/TSX Global Mining Index rose 0.43% to 73.60, and the S&P/TSX Global Gold Index rose 3.7% to 195.25. The gold price rose 0.37% to US$1,297.70.

Shares of Serabi Gold rose 32.1% to 80¢.

In early March 2019, the company boosted the mineral resource for its Coringa gold project in Brazil 37% to 845,000 indicated tonnes grading 7.95 grams gold for 216,000 oz. gold, and 1.4 million inferred tonnes at 6.46 grams gold for 298,000 oz. gold. Coringa’s indicated resource grade fell 5%, while its inferred resource grade increased 50%.

The updated mineral resource includes seven of nine known gold-bearing zones at Coringa. The company has done more drilling beyond this resource that will feature in a preliminary economic assessment for Coringa it aims to release by the end of June 2019.

The company produced 3,671 oz. gold in January 2019 at its Palito and Sao Chico gold mines in Brazil. It expects to produce as much as 44,000 oz. gold in 2019. It ended January with US$12.8 million in cash.

Shares of Euro Sun Mining rose 14.9% to 27¢. In February 2019 the company tabled a positive preliminary economic assessment for its Rovina Valley gold and copper

project in west-central Romania. The study contemplates the proposed Colnic open pit, which would be the first stage of development at Rovina. The study does not include a potential open pit at the project’s Rovina gold-copper deposit or underground operation at its Ciresata gold-copper deposit, but does include processing facilities that will help treat both deposits.

According to the study, Colnic could produce 139,000 equivalent oz. gold per year over 12 years, at a processing rate of 20,000 tonnes per day. The project would average US$752 per equivalent oz. gold all-in sustaining costs, and require a US$352-million initial capital expense. The project would have a US$168.8-million after tax net present value at a 5% discount rate and a 13.5% after TSX MOST ACTIVE ISSUES

Suncor Energy Goldcorp Barrick Gold Kinross Gold Lundin Mng Yamana Gold B2Gold Corp First Quantum IAMGOLD Turquoise HIl

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

SU G ABX K LUN YRI BTO FM IMG TRQ

28221 45.76 43.44 43.70 - 1.77 23178 14.78 13.99 14.38 + 0.35 22572 17.44 16.21 17.34 + 0.99 21752 4.52 4.16 4.50 + 0.24 17447 7.02 6.14 6.24 - 0.55 14780 3.58 3.24 3.58 + 0.27 14541 4.23 3.92 4.23 + 0.18 12887 15.58 13.87 14.04 - 1.15 10868 4.87 4.13 4.85 + 0.62 10164 2.45 2.07 2.12 - 0.22

tax internal rate of return at a US$1,325 per oz. gold price, and a US$3.10 per lb. copper price. The company intends to do a private placement for up to $3 million.

Shares of North American Palladium fell $9.10 to $15.88, after spiking as high as $26.30 in March 2019. Shares of the company had traded below $16 per share before Feb. 14, 2019, when the company announced it ended 2018 with $167.8 million in earnings before

interest, taxes, depreciation and amortization — more than double the $86.2 million it earned the year before. The company’s net income for 2018’s fourth quarter was $77.5 million, which is up from $14.3 million the year before. Its net income rose from $36.1 million in 2017 to $119.2 million in 2018. It lowered its net debt from $74.5 million in December 2017 to $36.8 million in December 2018. TNM

TSX GREATEST PERCENTAGE CHANGE

Talon Metals Prophecy Coal Almonty Ind Verde Potash Serabi Gold Yorbeau Res Canarc Res Freegold Vent Orvana Mnrls Euro Sun Mg North Am Pall Western Potash Black Iron Goldgroup Mng NextSource Mat Sulliden Mng Nthn Dynasty TMAC Resources Taseko Mines Kerr Mines

TLO PCY AII NPK SBI YRB CCM FVL ORV ESM PDL WRX BKI GGA NEXT SMC NDM TMR TKO KER

908 2047 1051 177 51 160 720 1782 648 1052 1330 532 2273 66 8093 474 1077 610 718 374

0.12 0.00 0.11 0.27 0.18 0.24 0.90 0.63 0.87 0.81 0.63 0.79 0.80 0.65 0.80 0.03 0.03 0.03 0.07 0.06 0.07 0.07 0.06 0.07 0.22 0.18 0.21 0.32 0.24 0.27 26.30 14.22 15.88 0.27 0.20 0.20 0.07 0.06 0.06 0.05 0.05 0.05 0.13 0.10 0.10 0.10 0.09 0.09 1.22 0.98 1.01 5.90 4.90 5.13 0.91 0.75 0.78 0.16 0.13 0.14

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

TSX GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Franco-Nevada Agnico Eagle SSR Mining MAG Silver Endeavour Mng Wheaton Prec M Pretium Res Barrick Gold Seabridge Gld Nexa Resources North Am Pall Labrador Iron Nutrien Suncor Energy First Quantum TMAC Resources Lundin Mng Teck Res Orocobre Ero Copper

37.5 37.1 33.8 27.4 23.1 20.0 18.2 18.2 16.7 14.9 36.4 23.1 20.0 18.2 16.7 15.0 14.4 13.3 13.3 12.5

VOLUME WEEK (000s) CLOSE CHANGE

FNV AEM SSRM MAG EDV WPM PVG ABX SEA NEXA PDL LIF NTR SU FM TMR LUN TECK.A ORL ERO

2868 103.50 4666 58.48 1294 19.23 972 13.82 1642 21.11 4877 29.62 2518 11.72 22572 17.34 268 19.47 6 15.37 1330 15.88 1065 30.10 6996 70.80 28221 43.70 12887 14.04 610 5.13 17447 6.24 15 28.95 129 3.20 1178 16.78

+ 4.51 + 2.28 + 1.41 + 1.26 + 1.21 + 1.21 + 1.01 + 0.99 + 0.87 + 0.83 - 9.10 - 2.72 - 1.90 - 1.77 - 1.15 - 0.79 - 0.55 - 0.35 - 0.33 - 0.28

TSX VENTURE EXCHANGE / MARCH 4–8 The S&P/TSX Venture Composite Index fell 1.13% to 618.08 in the first week of March, after a strong close to February.

Shares of Maverix Metals rose 36¢ to $2.69.

The royalty and streaming company produced 20,900 equivalent oz. gold in 2018, beating the upper end of its 18,000 to 19,000 equivalent oz. gold guidance, and a 75% improvement over its 2017 equivalent oz. gold production.

The company produced 5,650 equivalent oz. gold in 2018’s fourth quarter — a 40% increase over the fourth quarter of the previous year. It produced 6,195 equivalent oz. gold in 2018’s third quarter, recording $9.8 million in revenue for $1.3 million in adjusted net income.

In 2018, the company acquired a 51-royalty portfolio from Newmont Mining, as well as a silver stream on Northern Vertex Mining’s Moss mine in Arizona. It also established a US$50-million revolving credit facility with the Canadian Imperial Bank of Commerce and National Bank Financial. It expects to produce between 22,500 and 24,000 equivalent oz. gold in 2019.

Shares of Aurania Resources rose 81¢ to $3.50. The company closed a $5.3-million rights offering in early March 2019 and intends to use the proceeds to fund exploration — including scout drilling — and pay concession fees at its Lost Cities–Cutucu gold-copper

project in Ecuador.

The company recently found up to 9% copper with 185 grams silver in grab samples taken from Lost Cities’ Tsenken-A porphyry target. The company says the samples show the target holds porphyry clusters rather than one large porphyry. It says it will consider the possibility that other targets at Lost Cities on trend with Tsenken — like Kirus, Jempe and Awacha — could also host porphyry clusters.

Copper mineralization at Tsenken-A covers a 3 by 1 km area. It lies 8 km from Kirus, where grab samples have graded as high as 5.4% copper, with 54 grams silver and 12 km from Jempe, where grab samples have graded up to 3% copper and 47 grams silver. The company is waiting for the Ecuador government to approve the final drill permit for its TSX-V MOST ACTIVE ISSUES

Albert Mining Rusoro Mng IDM Mining MAX Res East Asia Mnls RosCan Gold Cameo Cobalt Walker River Arctic Star Teslin Rvr Res

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

AIIM RML IDM MXR EAS ROS CRU WRR ADD SIM

21160 13404 12665 10024 9143 7998 7744 7515 6651 5185

0.22 0.13 0.06 0.37 0.10 0.28 0.15 0.15 0.07 0.53

0.12 0.08 0.05 0.27 0.06 0.17 0.10 0.11 0.05 0.47

0.12 0.10 0.05 0.31 0.06 0.26 0.14 0.14 0.05 0.51

- - - - - + + + + +

0.10 0.01 0.01 0.04 0.01 0.05 0.04 0.01 0.01 0.03

Crunchy Hill gold-silver target, where it will begin a scout drilling program.

Shares of Novo Resources fell 19¢ to $2.61.

The company recently announced initial bulk-sample assays from its Beatons Creek gold project in Nullagine, Western Australia.

It expects to receive final assays soon and table a new resource for the project shortly after. Assays from 45 bulk samples — each

weighing two tonnes — that the company has received from across the property returned grades ranging from 0.49 gram gold to 6.16 grams gold, for a 2.55-gram, gold-weighted mean value. It’s still waiting for results from another 20 bulk samples.

Earlier in the year it received positive results from mechanical rock-sorting tests at its Karratha gold project in Western Australia. TNM

TSX-V GREATEST PERCENTAGE CHANGE

Green Valley M Westkam Gold Omineca Mining Stellar Africa Playfair Mng Goldstar Mnls Kombat Copper Quaterra Res Royal Rd Mnrls Black Mammoth Bullman Min Knick Expl Northern Uran Altan Rio Min NSGold Albert Mining Wescan Gldflds Cipher Res Murchison Min Sierra Madre D

SCT WKG OMM SPX PLY GDM TM QTA RYR BMM BUL KNX UNO AMO.H NSX AIIM WGF CIFR MUR SMG.H

74 191 724 88 936 322 969 729 1798 8 195 501 220 6 214 21160 28 288 529 9

0.05 0.01 0.07 0.03 0.05 0.05 0.14 0.13 0.13 0.09 0.12 0.01 0.01 0.01 0.15 0.22 0.03 0.10 0.14 0.11

0.00 0.00 0.04 0.02 0.04 0.03 0.09 0.08 0.00 0.06 0.04 0.01 0.01 0.00 0.08 0.12 0.00 0.05 0.08 0.07

0.23 0.01 0.07 0.03 0.05 0.04 0.13 0.13 0.13 0.09 0.04 0.01 0.01 0.01 0.08 0.12 0.03 0.06 0.10 0.07

TSX-V GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

+ 400.0 + 100.0 + 85.7 + 66.7 + 66.7 + 60.0 + 56.3 + 56.3 + 56.3 + 54.5 - 65.2 - 50.0 - 50.0 - 50.0 - 46.7 - 44.2 - 40.0 - 40.0 - 38.7 - 38.1

VOLUME WEEK (000s) CLOSE CHANGE

Aurania Res Pac Booker Min Maverix Metals Gold Reserve K92 Mining Amex Expl Green Valley M Atlantic Gold Athabasca Min Plateau Energy Cobalt 27 Cap Comet Inds Novo Res Great Bear Res Sigma Lithium Serengeti Res Millennial Lit Aurion Res Axmin Inc SRG Graphite

ARU BKM MMX GRZ KNT AMX SCT AGB ABM PLU KBLT CMU NVO GBR SGMA SIR ML AU AXM SRG

232 109 150 31 3078 2814 74 1325 4085 624 855 5 669 755 8 744 175 117 556 163

3.50 1.83 2.69 3.60 1.36 1.27 0.23 2.29 0.56 0.75 4.02 3.00 2.61 3.40 1.78 0.28 1.65 1.19 0.53 0.95

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

0.81 0.36 0.36 0.22 0.22 0.21 0.18 0.17 0.15 0.12 0.52 0.40 0.19 0.12 0.12 0.11 0.11 0.10 0.10 0.10

U.S. MARKETS / MARCH 4–8 The Dow Jones Industrial Average fell 2.21% to finish the week at 25,450.24, and the S&P 500 Index lost 2.20% to end the week at 2,743.07. Spot gold rose US$4.80 per oz. to US$1,297.70 per oz. gold.

Yamana Gold, Glencore and Goldcorp have reached an agreement under which the companies propose to integrate Yamana’s wholly owned Agua Rica project with the Alumbrera mine in Argentina’s Catamarca province. (All three companies hold interests in Alumbrera.) The agreement envisions the Agua Rica project developed and operated using the infrastructure and facilities at Alumbrera. Under the arrangement, Yamana will contribute its 100% interest in the Agua Rica project and its 12.5% stake in Alumbrera, while Glencore and Goldcorp will contribute their 50% and 37.5% interests in Alumbrera.

The three companies have set up a technical committee to review and evaluate the project and expect to complete a prefeasibility-level study this year, and a feasibility study next year, leading to a new environmental impact assessment. Agua Rica hosts a long-life copper resource with gold, silver and molybdenum, while Alumbrera offers infrastructure. The

18_MARCH18_MarketNews.indd 18

companies say preliminary studies show a potential mine life in excess of 25 years, with annual production of 236,000 tonnes (520 million lb.) copper-equivalent metal, including gold, molybdenum and silver during the first decade of operations. Shares of Yamana Gold rose US16¢ to US$2.65, and Goldcorp’s advanced US17¢ to US$10.72.

News that Alamos Gold got an operating permit for its Kirazli project in Turkey helped lift the company’s shares 5% to US$5.06 apiece.

The permit from the Turkish Department of Energy and Natural Resources means Alamos can start earthworks on the project’s open pit.

U.S. MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Vale* VALE 146107 12.91 11.92 12.59 + 0.20 Goldcorp* GG 135630 11.08 10.53 10.72 + 0.17 Freeport McMoR* FCX 78551 12.91 11.78 12.09 - 0.78 Yamana Gold* AUY 69413 2.68 2.43 2.65 + 0.16 Barrick Gold * GOLD 67912 13.00 12.18 12.93 + 0.62 Kinross Gold* KGC 65268 3.38 3.12 3.36 + 0.15 Newmont Mng* NEM 58166 34.75 32.94 33.71 - 0.11 Cleveland-Clif* CLF 47861 10.92 9.60 9.78 - 1.11 United States S* X 46064 22.58 19.06 19.25 - 3.05 IAMGOLD* IAG 37739 3.64 3.10 3.63 + 0.47

Alamos expects to spend $75 million this year to finish the water reservoir, and ramp up major construction activities and earthworks.

The other $60 million of Kirazlı’s $152-million capital budget will be spent in 2020, with production expected by the end of 2020.

Kinross Gold finished US15¢ per share higher at US$3.36. The company has appointed Andrea Freeborough as its new chief financial officer effective May 1, replacing Tony Giardini, who is leaving to pursue new opportunities. TNM

U.S. GREATEST PERCENTAGE CHANGE

IAMGOLD* Endeavr Silver* Lithium Amer* Pretium Res* First Majestic* Yamana Gold* Eldorado Gold* Barrick Gold * Alamos Gold* Osisko Gold* Cloud Peak En* United States S* CONSOL Energy* Cleveland-Clif* Mosaic* Alcoa* Mechel* Turquoise HIl* CONSOL Energy* Trecora Res*

IAG EXK LAC PVG AG AUY EGO GOLD AGI OR CLD X CEIX CLF MOS AA MTL TRQ CNX TREC

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

37739 3.64 3.10 3.63 + 14.9 6060 2.74 2.33 2.74 + 12.8 2817 4.29 3.60 4.10 + 9.9 9419 8.76 7.95 8.75 + 8.6 16488 6.79 6.12 6.78 + 6.8 69413 2.68 2.43 2.65 + 6.4 8104 4.48 4.10 4.46 + 6.2 67912 13.00 12.18 12.93 + 5.0 8333 5.08 4.59 5.06 + 5.0 2788 11.64 10.67 11.59 + 4.7 17372 0.52 0.39 0.43 - 15.1 46064 22.58 19.06 19.25 - 13.7 1343 38.74 33.44 33.67 - 12.2 47861 10.92 9.60 9.78 - 10.2 29119 31.25 27.54 28.02 - 9.6 13014 29.97 26.51 26.82 - 9.6 425 2.39 2.11 2.15 - 9.3 31744 1.84 1.54 1.59 - 8.6 17827 11.28 10.02 10.11 - 8.5 205 10.16 8.94 9.10 - 6.7

U.S. GREATEST VALUE CHANGE

MartinMarietta* MLM Franco-Nevada* FNV Agnico Eagle* AEM Black Hills* BKH Natural Res Pt* NRP Wheaton Prec M* WPM Pretium Res* PVG Barrick Gold * GOLD NACCO Ind* NC Osisko Gold* OR Arch Coal* ARCH CONSOL Energy* CEIX Rio Tinto* RIO United States S* X Mosaic* MOS Alcoa* AA Nutrien* NTR Suncor Energy* SU Peabody Enrgy* BTU Cleveland-Clif* CLF

VOLUME WEEK (000s) CLOSE CHANGE

3024 196.43 2502 77.19 6442 43.62 1656 72.81 132 42.00 8426 22.10 9419 8.75 67912 12.93 100 36.90 2788 11.59 1074 88.57 1343 33.67 15755 54.66 46064 19.25 29119 28.02 13014 26.82 9383 52.84 17634 32.64 4093 30.65 47861 9.78

+ 3.97 + 2.74 + 1.38 + 0.86 + 0.77 + 0.72 + 0.69 + 0.62 + 0.56 + 0.52 - 5.07 - 4.70 - 3.70 - 3.05 - 2.98 - 2.84 - 1.84 - 1.56 - 1.56 - 1.11

2019-03-12 9:49 PM

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / MARCH 18–31, 2019

19

M E TA L S , M I N I N G A N D M O N EY M A R K E T S Tuesday, March 12, 2019 Precious Metals Price (US$/oz.)

Change Gold $1296.35 +8.90 Silver $15.30 +0.14 Platinum $813.00 -32.00 Palladium $1513.00 -28.00 Base Metals Nickel Copper Lead Zinc

TSX WARRANTS

PRODUCER AND DEALER PRICES

SPOT PRICES COURTESY OF SCOTIABANK

Price (US$/tonne) Change $13120.00 +205.00 $6468.00 +65.00 $2087.00 +10.00 $2841.00 +100.00

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 8, 2019 (change from March 1, 2019 in brackets): Aluminium Alloy 9020 (+240) Aluminium 1221375 (-11575) Copper 116725 (-9375) Lead 76525 (-350) Nickel 194286 (-2696) Tin 1295 (-30) Zinc 59875 (-4675)

Thermal Coal CAPP: US$40.00 per short ton Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$73.20 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$12.15 Cobalt: US$14.97/lb.

Copper: US$2.90/lb.

Copper: CME Group Futures April 2019: US$2.93/lb.; May: 2019: US$2.93/lb Iridium: NY Dealer Mid-mkt US$1,460.00/tr oz.

Iron Ore 62% Fe CFR China-S: N.A. Lead: US$0.94/lb.

Molybdenum Oxide: US$11.79/lb.

Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$3,080.00 tr. oz.

Ruthenium: Mid-mkt US$266.00/tr. oz.

Silver: Handy & Harman Base: US$14.54 per oz.; Handy & Harman Fabricated: US$18.17 per oz.

Tantalite Ore : US$186.50/kg Tin: US$9.58/lb.

Uranium: U3O8, Trade Tech spot price: US$28.15 per lb U308 Zinc: US$1.26/lb.

Prices current Mar. 12, 2019

NORTH AMERICAN STOCK EXCHANGE INDICES

52-week

IndexName Mar 08 Mar 07 Mar 06 Mar 05 Mar 04 High Low S&P/TSX Composite 15996.21 16056.51 16092.07 16086.54 16038.13 15527.30 12400.15 S&P/TSXV Composite 618.08 615.21 619.56 623.18 622.50 1050.26 883.52 S&P/TSX 60 954.25 958.69 960.51 959.09 956.30 896.74 709.99 S&P/TSX Global Gold 195.25 190.08 187.95 191.13 189.92 218.90 149.29 DJ Precious Metals 157.46 157.46 156.25 159.84 159.00 420.72 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Feb 28, 2019 (with changes from Feb 15, 2019) Largest short positions Sandstorm Gold SSL 17707320 701599 2/15/2019 Nemaska Lith NMX 15024559 -4132976 2/15/2019 Ivanhoe Mines IVN 13338337 -135374 2/15/2019 Barrick Gold ABX 11891983 -1171160 2/15/2019 Kinross Gold K 11581972 -2519091 2/15/2019 Turquoise HIl TRQ 11159842 874045 2/15/2019 Goldcorp G 10778164 1217868 2/15/2019 New Gold NGD 10766416 -1097248 2/15/2019 First Quantum FM 8331813 -2303041 2/15/2019 Copper Mtn Mng CMMC 7986470 654528 2/15/2019 Yamana Gold YRI 7894103 -308620 2/15/2019 Lucara Diam LUC 7705673 2392377 2/15/2019 Nexgen Energy NXE 7254963 39331 2/15/2019 McEwen Mng MUX 7092924 2172 2/15/2019 Suncor Energy SU 6836036 -1552506 2/15/2019 Largest increase in short position LUC 7705673 2392377 2/15/2019 Lucara Diam Goldcorp G 10778164 1217868 2/15/2019 Wesdome Gold WDO 3709228 1077111 2/15/2019 OceanaGold OGC 5629437 953797 2/15/2019 Turquoise HIl TRQ 11159842 874045 2/15/2019 Largest decrease in short position NMX 15024559 -4132976 2/15/2019 Nemaska Lith Kinross Gold K 11581972 -2519091 2/15/2019 First Quantum FM 8331813 -2303041 2/15/2019 Suncor Energy SU 6836036 -1552506 2/15/2019 Argonaut Gold AR 2884891 -1261920 2/15/2019

Short positions outstanding as of Feb 28, 2019 (with changes from Feb 15, 2019) Largest short positions First Cobalt FCC 2100156 237104 2/15/2019 Fission 3.0 FUU 1812453 314273 2/15/2019 Leeta Gold HIVE 1539305 -331974 2/15/2019 Tasca Res TAC 1428197 1393045 2/15/2019 MAX Res MXR 1314391 -181235 2/15/2019 Walker River WRR 1264737 319267 2/15/2019 Atlantic Gold AGB 1122564 58971 2/15/2019 Cobalt 27 Cap KBLT 1115829 221543 2/15/2019 Centenera Mng CT 1002000 940318 2/15/2019 Standard Lith SLL 969433 921135 2/15/2019 Nexus Gold NXS 873102 714589 2/15/2019 BonTerra Res BTR 827071 1903 2/15/2019 Albert Mining AIIM 825587 777587 2/15/2019 Goldsource Min GXS 807793 801797 2/15/2019 Equinox Gold EQX 780449 520827 2/15/2019 Largest increase in short position Tasca Res TAC 1428197 1393045 2/15/2019 Centenera Mng CT 1002000 940318 2/15/2019 Standard Lith SLL 969433 921135 2/15/2019 Goldsource Min GXS 807793 801797 2/15/2019 Albert Mining AIIM 825587 777587 2/15/2019 Largest decrease in short position Gowest Gold GWA 66162 -549363 2/15/2019 Zadar Ventures ZAD 271627 -520995 2/15/2019 Explor Res EXS 16000 -516260 1/31/2019 iMetal Res IMR 345750 -514101 2/15/2019 Northern Uran UNO 166 -500834 2/15/2019

DAILY METAL PRICES Daily Metal Prices Date Mar 11 Mar 8 Mar 7 Mar 6 Mar 5 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1435/1455 1435/1455 1440/1460 1440/1460 1445/1465 Aluminum 1829/1857.50 1846/1870 1840.50/1863 1845.50/1868 1868/1889 Copper 6432/6400 6398/6366 6456/6420 6504/6453 6552.50/6487 Lead 2079/2095 2071/2090 2095/2113 2090/2103 2090/2111.50 Nickel 12980/13070 13035/13110 13370/13445 13605/13650 13445/13540 Tin 21100/21050 21405/21375 21525/21470 21550/21450 21550/21450 Zinc 2773/2746.50 2704/2700 2784.50/2775.50 2800.50/2777.50 2786/2763 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1296.35 1294.10 1286.40 1285.55 1285.00 Gold PM 1292.75 1296.75 1285.30 1285.85 1283.80 Silver 15.30 15.12 15.08 15.10 15.11 Platinum 814.00 818.00 824.00 828.00 840.00 Palladium 1521.00 1509.00 1532.00 1510.00 1521.00

Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eColbalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Golden Queen Mining Co (GQM.WT) Wt buys sh @ $2 to Jul 25/19 Gran Colombia Gold (GCM.WT.A) - Wt buys sh @ $3.25 to Mar 18/19 Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 until expiry.

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

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

American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share.

Avino Silver & Gold Mines Ltd. (ASM. WT) - Wt buys sh @ US$0.2 to Nov 28/19 Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share.

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

Cornerstone Capital Resources (CGP. WT.S) - Wt buys sh @ $0.35 to Apr 07/19 Equinoxgold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share.

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

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

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

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

JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Jet Metal (JET.WT) - Wt buys sh @ $0.25 to Sep 16/19 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit.

Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22 Pilot Gold Inc. Wt (PLG.WT) - Wt buys sh @ $0.9 to May 16/19 Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Prairie Provident Resources Inc Wt (PPR. WT) - Wt buys sh @ $0.87 to Mar 16/19 Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry.

Sherritt International Corporation (S.WT) - Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 20180062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22

TSX VENTURE WARRANTS Maple Gold Mines Ltd. (MGM.WT) One warrant to purchase one common share at $0.40 per share Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share.

Sandfire Resources America Inc. (SFR.RT) - Eight (8) Rights exercisable for One (1) share at $0.06 per unit.

Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share.

Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share.

West Kirkland Mining (WKM.WT) - Wt buys sh @ $0.3 to Apr 17/19 Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NEW 52-WEEK HIGHS AND LOWS MARCH 4–8, 2019 62 New Highs Abitibi Royal Argo Gold* Athabasca Min Athabasca Min* Atlantic Gold Atlantic Gold* Aura Minerals* Aurania Res Aurania Res* Austral Gold* Axmin Inc Axmin Inc* Black Hills* Champion Iron Champion Iron* Chiboug Ind Mn

Doubleview Cap East Asia Mnls East Asia Mnls* Ely Gold Royal Ely Gold Royal* Equinox Gold Ero Copper Ero Copper* Franco-Nevada Gainey Capital Gatling Explor* God’s Lake Res Great Lakes Gr* Ireland* K92 Mining K92 Mining* Le Mare Gold Lonmin plc*

Maxwell Res* Metalla Rylty Metalla Rylty* Miramont Res Miramont Res* Monster Uran Natural Res Pt* North Am Pall North Am Pall* Omineca Mining Omineca Mining* One World Lith* Osisko Gold Osisko Gold* Pac Booker Min Pac Booker Min* Quaterra Res Quaterra Res*

RosCan Gold Samco Gold SearchlightMin* Sibanye-Stillw* Tethyan Res Trilogy Mtls Trilogy Mtls* True North Gem Victory Metals Victory Res

42 New Lows Aguia Resource Bayhorse Silvr* BCM Res Cobalt Block Cresval Cap Critical Elem Crystal Lake*

Diamcor Mng* Endurance Gold* Engold Mines* Etruscus Res Fission Uran Fission Uran* Getchell Gold Gitennes Expl GoviEx Uranium GoviEx Uranium* Intl Battery Kenadyr Mining KOPR Point La Imperial Levon Res Ltd MaxTech Vent* McEwen Mng* Metals Creek*

Millrock Res* Mountain Prov Mountain Prov* Nexgen Energy Nexgen Energy* Northern Uran* Nrthn Vertex PolyMet Mng* Rover Metals* Running Fox Rs Sable Res Skyharbour Res Skyharbour Res* Syrah Res* Ucore Rare Mtl Ucore Rare Mtl* Wolfden Res

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

Mar 8 ($) 19.33 18.57 47.00 48.99 9.98 7.05 10.84 20.93 24.63 8.54 12.24 45.82 12.66 33.31 4.97 33.52 35.55 32.73

Mar 1 ($) 19.14 18.16 45.29 46.29 9.65 7.04 10.65 20.34 24.05 8.45 11.79 45.30 12.14 32.98 4.89 32.63 35.32 31.62

Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) 0.19 0.99 5.28 2.80 95.70 0.41 2.26 5.76 2.40 60.91 1.71 3.78 6.64 0.61 2.69 5.82 5.28 0.60 0.33 3.42 3.29 2.45 42.06 0.01 0.14 7.47 2.71 343.59 0.19 1.80 7.58 0.60 0.59 2.90 0.58 2.40 5.74 0.83 0.09 1.11 7.19 2.75 31.92 0.45 3.82 2.68 0.61 0.52 1.15 7.30 2.52 58.55 0.52 4.28 6.08 2.46 27.40 0.34 1.02 4.05 3.04 0.08 1.57 7.37 2.95 0.89 2.73 5.63 2.13 307.73 0.23 0.64 5.51 2.46 242.79 1.11 3.51 4.06 2.27 104.38

EXCHANGE RATES Mar 8 Mar 7 Mar 6 Mar 5 Mar 4 1.3417 1.3445 1.3444 1.3356 1.3312 0.7454 0.7438 0.7438 0.7488 0.7512

Date US$ in C$ C$ in US$

Exchange rates (Quote Media, March 8, 2019) C$ to AUS C$ to EURO C$ to YEN C$ to Mex Peso C$ to SA Rand 1.0591 0.6642 83.0385 14.5555 10.7915 C$ to UK Pound C$ to China Yuan C$ to India Rupee C$ to Swiss Franc C$ to S. Korea Won 0.5682 4.9943 52.1470 0.7519 843.2585 US to EURO US to YEN US to Mex Peso US to SA Rand US to AUS 1.4239 0.8930 111.6445 19.5682 14.5102 US to UK Pound US to China Yuan US to India Rupee US to Swiss Franc US to S. Korea Won 0.7639 6.7151 70.4975 1.0110 1134.0700

Financial information provided by Fundata Canada Inc. ©Fundata Canada Inc. All rights reserved

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

19_MARCH18_MMMM.indd 19

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

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

1 gram per (metric) tonne = 0.02917 troy ounces per (short) ton

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

GLOBAL MINING NEWS · SINCE 1915

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2019-03-12 6:55 PM

20

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MARCH 18–31, 2019 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: MARCH 4–8, 2019 (100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

A 21C Metals 126 37 Capital* O 5 37 Capital 213 92 Resources V 310 92 Resources* O 76 Abacus Mining* O 25 Abacus Mining V 252 Abcourt Mines V 310 Abcourt Mines* O 78 O 235 Aben Resources* Aben Resources V 1330 Aberdeen Intl* O 53 Aberdeen Intl T 6796 Abitibi Royal* O 27 23 Abitibi Royal V AbraPlata Res* O 211 V 343 AbraPlata Res Acacia Mining* O 0 Adamera Min V 4907 Adamera Min* O 196 Adex Mining V 110 Advance Gold V 260 O 186 Advantage Lith* Advantage Lith V 711 Adventus V 1081 Adventus* O 8 Aethon Mineral V 214 AEX Gold V 47 African Gold* O 10 African Gold V 1865 African Min* O 5 Aftermath Silv* O 168 Aftermath Silv V 147 Agnico Eagle* N 6442 Agnico Eagle T 4666 AgriMinco* O 50 Aguia Resource V 792 13 Aguila Amer Gd V AJN Resources 10 Alacer Gold T 2848 Alamos Gold T 4974 Alamos Gold* N 8333 Alaska Pac Egy* O 0 Alba Minerals* O 1 Albert Mining V 21160 Albert Mining* O 555 Alcoa* N 13014 V 56 Aldebaran Res Alderon Iron* O 20 Alderon Iron T 305 Aldever Res* O 0 Aldever Res V 325 O 3 Alexandra Cap* Alexandria Min* O 394 V 561 Alexandria Min Alexco Res* X 1557 Alexco Res T 348 Algold Res* O 8 Algold Res V 93 Alianza Min V 24 Alianza Min* O 9 Alien Metals* O 240 Alio Gold* X 641 T 735 Alio Gold Allegiant Gold V 156 Allegiant Gold* O 113 Alliance Mng V 125 Alliance Res* D 1628 Almaden Min T 262 Almaden Min* X 928 Almadex Min* O 79 Almadex Min V 111 Almonty Ind * O 134 Almonty Ind T 1051 Aloro Mining* O 43 Aloro Mining V 63 Alphamin Res * O 1615 Alphamin Res V 1570 ALQ Gold 106 O 81 Altai Resource* Altai Resource V 621 Altair Res Inc V 2134 Altamira Gold V 756 Altamira Gold* O 93 Altan Nevada V 85 Altan Rio Min V 6 Altan Rio Min* O 0 Altiplano Met V 102 Altius Mnrls * O 109 Altius Mnrls T 289 Alto Ventures* O 10 Alto Ventures V 193 O 72 Altura Mining* Alturas Min V 596 Altus Strat V 220 Alumina Ltd* O 55 ALX Uranium V 28 ALX Uranium* O 48 V 37 AM Resources Amador Gold V 960 Amarc Res V 99 Amarc Res* O 30 Amarillo Gold V 249 Amarillo Gold* O 49 O 136 Amazing Energy* Amer Intl Vent* O 74 American Creek* O 126 American Creek V 450 American CuMo* O 133 American Lith V 564 American Lith* O 757 American Mang* O 119 V 428 American Mang American Pac 3122 American Pac* O 188 AmericanSierra* O 5 T 526 Americas Silvr Americas Silvr* X 619 Amerigo Res T 793 Amerigo Res* O 528 Amex Expl* O 144 Amex Expl V 2814 Amilot Capital* O 7 Amilot Capital V 26 Amseco Expl V 37 Anaconda Mng T 1193 Anaconda Mng* O 622 Anconia Res V 252 Andes Gold* O 22 Andover Mng* O 60 Anfield Energy* O 132 Anfield Energy V 681 Angel Gold* O 55 Angel Gold V 240 Angkor Gold V 14 Angkor Gold* O 68 Anglo American* O 3 Anglo American* O 361 Anglo Pac Grp T 2 AngloGold Ash* O 0 AngloGold Ash* N 16843 Angus Ventures V 4 Antioquia Gold* O 89 Antioquia Gold V 802 Antler Gold V 121 Antofagasta* O 21 Apex Res * O 27 Apex Res V 99 Appia Energy* O 61 Appia Energy 77 Applied Min* O 282 Aquila Res* O 124 Aquila Res T 45 Arch Coal* N 1074 Arctic Star* O 79 Arctic Star V 6651 Arcturus Vent V 0 Arcus Dev Grp* O 150 Arcus Dev Grp V 946 Arena Min V 157 Arena Min* O 25 Argentina Lith* O 1 Argentina Lith V 87 Argentum Silvr V 30

0.22 0.19 0.22 + 0.02 0.42 0.16 0.11 0.11 0.11 unch 0.00 0.52 0.10 0.15 0.15 0.15 unch 0.00 0.30 0.10 0.03 0.03 0.03 - 0.01 0.10 0.03 0.02 0.01 0.02 + 0.00 0.08 0.01 0.06 0.05 0.05 - 0.00 0.29 0.05 0.08 0.07 0.07 unch 0.00 0.38 0.07 0.06 0.05 0.06 + 0.01 0.08 0.04 0.04 0.03 0.04 - 0.00 0.06 0.03 0.14 0.12 0.13 + 0.00 0.38 0.08 0.19 0.17 0.18 + 0.01 0.49 0.11 0.04 0.03 0.03 + 0.00 0.15 0.03 0.07 0.05 0.05 + 0.01 0.21 0.05 9.85 0.00 9.85 + 0.57 9.87 5.89 13.15 0.00 12.49 - 0.01 13.05 7.98 0.04 0.04 0.04 - 0.01 0.18 0.03 0.06 0.05 0.05 - 0.02 0.22 0.04 0.00 0.00 2.30 unch 0.00 2.30 1.43 0.04 0.02 0.04 + 0.01 0.18 0.02 0.03 0.02 0.03 + 0.01 0.14 0.01 0.01 0.01 0.01 - 0.00 0.02 0.01 0.11 0.08 0.09 - 0.02 0.60 0.06 0.46 0.40 0.44 + 0.03 0.95 0.29 0.63 0.54 0.59 + 0.06 1.17 0.41 0.98 0.94 0.96 - 0.04 1.16 0.51 0.73 0.71 0.71 - 0.04 0.90 0.48 0.15 0.13 0.14 unch 0.00 0.85 0.11 0.29 0.27 0.28 - 0.02 0.53 0.27 0.02 0.01 0.01 - 0.01 0.04 0.01 0.02 0.01 0.02 - 0.01 0.05 0.01 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.08 0.00 0.08 + 0.00 0.14 0.05 0.10 0.09 0.09 - 0.01 0.20 0.05 43.69 41.47 43.62 + 1.38 47.83 32.18 58.59 55.53 58.48 + 2.28 62.80 42.35 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.10 0.09 0.09 - 0.02 0.43 0.09 0.20 0.20 0.20 unch 0.00 0.28 0.17 0.06 0.06 0.06 unch 0.00 0.20 0.06 3.70 3.19 3.69 + 0.35 3.73 1.97 6.81 6.16 6.79 + 0.37 7.97 3.88 5.08 4.59 5.06 + 0.24 6.13 2.90 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.08 0.06 0.08 + 0.02 0.16 0.04 0.22 0.12 0.12 - 0.10 0.25 0.02 0.16 0.09 0.09 - 0.08 0.19 0.01 29.97 26.51 26.82 - 2.84 62.35 25.01 0.67 0.63 0.67 + 0.04 0.90 0.41 0.28 0.26 0.27 + 0.02 0.35 0.15 0.38 0.34 0.35 + 0.01 0.50 0.22 0.00 0.00 0.02 unch 0.00 0.08 0.02 0.05 0.05 0.05 unch 0.00 0.09 0.03 0.42 0.42 0.42 unch 0.00 0.48 0.42 0.02 0.02 0.02 unch 0.00 0.08 0.01 0.03 0.03 0.03 unch 0.00 0.10 0.02 1.34 1.15 1.34 + 0.07 1.70 0.68 1.77 1.53 1.75 + 0.08 2.14 0.92 0.18 0.18 0.18 unch 0.00 0.59 0.18 0.24 0.00 0.22 unch 0.00 1.40 0.21 0.08 0.00 0.07 unch 0.00 0.15 0.06 0.05 0.05 0.05 + 0.01 0.10 0.04 0.00 0.00 0.00 + 0.00 0.01 0.00 0.87 0.80 0.84 - 0.00 2.60 0.63 1.16 1.07 1.12 - 0.01 0.21 0.19 0.19 - 0.03 0.60 0.16 0.16 0.14 0.14 - 0.01 0.50 0.11 0.02 0.02 0.02 unch 0.00 0.05 0.01 20.02 19.41 20.02 + 0.62 20.99 15.55 0.86 0.81 0.85 + 0.01 1.19 0.63 0.66 0.60 0.61 - 0.02 0.90 0.48 0.24 0.21 0.22 - 0.00 0.45 0.14 0.30 0.28 0.29 - 0.01 0.51 0.25 0.65 0.47 0.65 + 0.18 0.73 0.29 0.90 0.63 0.87 + 0.22 0.98 0.35 0.08 0.07 0.08 - 0.00 0.16 0.06 0.11 0.10 0.11 unch 0.00 0.23 0.07 0.21 0.17 0.20 + 0.02 0.25 0.16 0.28 0.24 0.26 + 0.03 0.32 0.22 1.90 1.72 1.72 unch 0.00 4.04 1.26 0.08 0.08 0.08 - 0.01 0.36 0.05 0.12 0.10 0.11 - 0.01 0.47 0.07 0.06 0.05 0.05 - 0.01 0.26 0.04 0.10 0.08 0.09 - 0.01 0.25 0.05 0.08 0.06 0.06 - 0.01 0.20 0.04 0.04 0.03 0.03 - 0.01 0.05 0.01 0.01 0.00 0.01 - 0.01 0.02 0.01 0.00 0.00 0.01 unch 0.00 0.01 0.01 0.18 0.16 0.16 - 0.03 0.50 0.09 9.75 9.29 9.32 - 0.25 11.70 7.31 12.96 12.47 12.50 - 0.25 14.80 10.04 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.03 0.02 0.03 unch 0.00 0.05 0.02 0.11 0.09 0.10 - 0.00 0.38 0.08 0.01 0.00 0.01 unch 0.00 0.04 0.01 0.09 0.06 0.09 + 0.03 0.15 0.04 7.37 7.04 7.12 - 0.12 8.97 6.09 0.07 0.00 0.07 unch 0.00 0.09 0.05 0.05 0.05 0.05 unch 0.00 0.07 0.04 0.18 0.16 0.16 - 0.01 0.31 0.12 0.74 0.59 0.72 + 0.03 1.10 0.46 0.06 0.06 0.06 - 0.01 0.15 0.04 0.05 0.04 0.05 + 0.01 0.11 0.03 0.25 0.22 0.24 - 0.01 0.32 0.19 0.20 0.17 0.17 - 0.03 0.25 0.15 0.35 0.29 0.31 - 0.04 0.94 0.00 0.01 0.01 0.01 + 0.00 0.03 0.00 0.03 0.02 0.03 + 0.01 0.04 0.02 0.04 0.03 0.04 + 0.01 0.05 0.03 0.07 0.04 0.05 - 0.02 0.10 0.02 0.40 0.36 0.40 + 0.03 0.74 0.22 0.30 0.27 0.29 + 0.01 0.69 0.18 0.11 0.11 0.11 - 0.00 0.22 0.10 0.15 0.14 0.15 + 0.01 0.27 0.13 0.23 0.17 0.22 + 0.05 0.41 0.04 0.16 0.13 0.16 + 0.03 0.32 0.03 0.02 0.00 0.02 - 0.00 0.03 0.01 2.40 2.12 2.27 - 0.16 5.37 1.66 1.83 1.59 1.66 - 0.18 4.30 1.24 1.19 1.07 1.11 - 0.04 1.21 0.67 0.89 0.79 0.83 - 0.03 0.92 0.51 0.96 0.66 0.95 + 0.13 1.12 0.04 1.40 0.83 1.27 + 0.21 1.52 0.06 0.06 0.06 0.06 unch 0.00 0.06 0.00 0.08 0.00 0.08 + 0.02 0.20 0.05 0.05 0.05 0.05 unch 0.00 0.29 0.01 0.29 0.26 0.29 + 0.02 0.43 0.18 0.22 0.20 0.21 + 0.01 0.40 0.14 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.01 0.01 0.01 - 0.00 0.01 0.00 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.16 0.14 0.15 - 0.01 0.45 0.12 0.21 0.19 0.20 - 0.01 0.59 0.18 0.03 0.02 0.03 - 0.00 0.07 0.01 0.04 0.03 0.04 + 0.01 0.09 0.02 0.17 0.16 0.17 unch 0.00 0.20 0.11 0.12 0.12 0.12 unch 0.00 0.32 0.09 26.47 0.00 25.51 - 1.25 27.02 19.09 13.51 12.94 13.10 - 0.20 13.73 9.37 2.70 2.70 2.70 unch 0.00 4.75 1.60 0.00 0.00 14.06 unch 0.00 15.04 7.38 13.51 12.88 13.40 - 0.23 15.86 7.08 0.27 0.00 0.27 - 0.04 0.50 0.24 0.03 0.02 0.03 + 0.01 0.04 0.01 0.04 0.03 0.04 + 0.01 0.10 0.02 0.11 0.08 0.10 - 0.01 0.20 0.05 12.70 11.94 11.94 - 0.69 15.70 9.27 0.05 0.05 0.05 + 0.02 0.08 0.03 0.07 0.06 0.07 unch 0.00 0.13 0.04 0.29 0.26 0.26 - 0.03 0.31 0.08 0.39 0.34 0.38 unch 0.00 0.41 0.11 0.06 0.04 0.06 + 0.01 0.25 0.03 0.16 0.15 0.15 - 0.01 0.30 0.10 0.21 0.20 0.20 unch 0.00 0.39 0.13 93.75 87.59 88.57 - 5.07 102.61 75.09 0.05 0.04 0.05 + 0.02 0.20 0.03 0.07 0.05 0.05 + 0.01 0.26 0.04 0.00 0.00 0.07 unch 0.00 0.16 0.07 0.03 0.03 0.03 unch 0.00 0.04 0.02 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.06 0.06 0.06 - 0.01 0.11 0.05 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.09 0.09 0.09 - 0.02 0.27 0.03 0.15 0.13 0.13 - 0.02 1.40 0.09 0.18 0.17 0.17 - 0.01 0.33 0.10

20-23_MARCH18_StockTables.indd 20

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Argex Titanium T 4152 O 154 Argex Titanium* Argo Gold* O 14 Argo Gold 471 O 193 Argonaut Gold* T 1053 Argonaut Gold V 129 Arianne Phosph Arianne Phosph* O 38 O 54 Arizona Silver* Arizona Silver V 207 Armor Min V 5 Asanko Gold T 455 Asanko Gold* X 1315 Asante Gold 133 Ascendant Res T 119 O 43 Ascendant Res* Ascot Res V 122 17 Ascot Res * O Ashanti Gold V 215 Ashanti Sanko V 150 V 12 AsiaBaseMetals Asiamet Res* O 20 Asian Mineral V 66 Aston Bay V 1629 Aston Bay* O 311 Astorius Res V 639 Astur Gold V 50 ATAC Res V 682 ATAC Res* O 438 O 36534 Atacama Res* Atalaya Mining T 3 O 98 Athabasca Min* V 4085 Athabasca Min O 20 Athena Silver* Atico Mining* O 27 Atico Mining V 125 Atlanta Gold* O 0 Atlanta Gold V 295 Atlantic Gold V 1325 Atlantic Gold* O 466 Atlantic Indus V 176 3 Atlas Cons Mng* O Atlatsa Res T 138 Atlatsa Res* O 28 2 Atom Energy * O O 80 Aton Resources* Aton Resources V 497 1 Aura Minerals* O 5 Aura Minerals T Aura Resources V 91 Aura Resources* O 43 Auramex Res V 314 Aurania Res* O 110 Aurania Res V 232 Aurcana Corp V 29 O 15 Aurcana Corp* V 136 AurCrest Gold Aurelius Min V 1339 Aurex Energy V 220 Aurion Res V 117 17 Aurion Res * O Aurora Royal V 379 AURYN Mining* O 11 T 340 Auryn Resource X 421 Auryn Resource* Aust Mines* O 893 Austin Res V 136 Austral Gold* O 20 Austral Gold V 200 Auxico Res 284 Avalon Advance T 730 O 314 Avalon Advance* Avarone Metals 3407 Avesoro Res T 1 Avidian Gold V 34 Avino Silver* X 1117 Avino Silver T 121 Avrupa Min V 1010 Avrupa Min* O 891 Awale Res V 20 Axmin Inc* O 40 Axmin Inc V 556 V 50 Azarga Metals Azarga Metals* O 0 O 173 Azarga Uranium* T 301 Azarga Uranium Azimut Explor V 391 Azimut Explor* O 24 O 238 Azincourt Ener* V 333 Azincourt Ener V 669 Aztec Minerals Aztec Minerals* O 509 Azteca Gold* O 258 Azucar Min V 187

0.06 0.05 0.05 unch 0.00 0.06 0.03 0.04 0.04 0.04 - 0.00 0.05 0.01 0.24 0.00 0.21 - 0.03 0.24 0.08 0.32 0.22 0.31 + 0.01 0.33 0.07 1.40 1.28 1.38 + 0.02 2.07 0.85 1.87 1.71 1.84 + 0.04 2.66 1.18 0.43 0.41 0.43 + 0.02 0.63 0.39 0.32 0.30 0.31 - 0.00 0.48 0.29 0.14 0.12 0.12 - 0.03 0.15 0.04 0.19 0.17 0.18 - 0.01 0.19 0.06 0.46 0.00 0.44 + 0.01 0.73 0.30 0.90 0.83 0.90 unch 0.00 1.79 0.80 0.68 0.61 0.68 - 0.00 1.38 0.56 0.08 0.07 0.07 + 0.01 0.08 0.03 0.54 0.51 0.53 - 0.02 1.18 0.35 0.41 0.37 0.37 - 0.03 0.91 0.28 0.98 0.93 0.94 - 0.02 1.65 0.76 0.72 0.69 0.70 - 0.03 1.23 0.59 0.05 0.00 0.04 - 0.01 0.25 0.04 0.03 0.03 0.03 unch 0.00 0.10 0.02 0.23 0.15 0.15 - 0.08 0.40 0.15 0.07 0.07 0.07 unch 0.00 0.17 0.07 0.24 0.17 0.17 - 0.02 4.00 0.18 0.06 0.05 0.05 unch 0.00 0.29 0.05 0.05 0.04 0.04 + 0.01 0.20 0.03 0.03 0.03 0.03 unch 0.00 0.10 0.03 0.18 0.18 0.18 unch 0.00 0.31 0.17 0.26 0.23 0.24 - 0.02 0.63 0.21 0.19 0.17 0.18 - 0.01 0.51 0.15 0.00 0.00 0.00 + 0.00 0.00 0.00 4.10 4.10 4.10 unch 0.00 5.10 2.88 0.51 0.29 0.42 + 0.09 0.51 0.09 0.70 0.38 0.56 + 0.15 0.70 0.12 0.02 0.02 0.02 unch 0.00 0.30 0.02 0.27 0.25 0.25 - 0.01 0.56 0.17 0.37 0.34 0.35 + 0.01 0.71 0.23 0.00 0.00 0.03 unch 0.00 0.05 0.02 0.04 0.03 0.03 - 0.01 0.07 0.03 2.30 1.99 2.29 + 0.17 2.25 1.40 1.72 1.50 1.71 + 0.11 1.71 1.07 0.02 0.01 0.02 unch 0.00 0.05 0.01 1.29 1.24 1.25 - 0.04 1.29 0.90 0.09 0.09 0.09 unch 0.00 0.09 0.03 0.06 0.05 0.05 - 0.01 0.07 0.02 0.05 0.05 0.05 unch 0.00 0.34 0.00 0.04 0.04 0.04 - 0.00 0.08 0.02 0.05 0.04 0.04 unch 0.00 0.11 0.02 16.17 0.00 16.17 + 0.24 16.50 1.00 21.63 21.50 21.50 - 0.12 0.06 0.05 0.06 + 0.01 0.18 0.03 0.05 0.03 0.03 - 0.02 0.05 0.01 0.06 0.05 0.06 unch 0.00 0.08 0.03 3.00 2.01 2.69 + 0.65 2.83 1.03 4.10 2.68 3.50 + 0.81 3.70 1.93 0.64 0.57 0.58 - 0.08 1.38 0.35 0.46 0.00 0.44 - 0.06 0.55 0.00 0.03 0.02 0.02 - 0.01 0.04 0.01 0.04 0.03 0.04 + 0.01 0.07 0.02 0.35 0.25 0.28 - 0.06 1.30 0.25 1.29 1.15 1.19 - 0.10 2.15 0.67 0.96 0.88 0.92 + 0.03 1.63 0.52 0.09 0.06 0.08 + 0.02 0.17 0.06 0.71 0.21 0.51 - 0.20 1.80 0.16 1.65 1.52 1.59 - 0.05 1.92 1.14 1.24 1.15 1.19 - 0.01 1.56 0.85 0.03 0.02 0.02 - 0.00 0.33 0.02 0.02 0.01 0.02 + 0.01 0.03 0.01 0.40 0.02 0.02 - 0.03 0.40 0.00 0.07 0.06 0.07 + 0.01 0.13 0.05 0.26 0.18 0.20 + 0.02 0.40 0.12 0.06 0.05 0.05 unch 0.00 0.15 0.05 0.04 0.04 0.04 + 0.00 0.12 0.03 0.06 0.04 0.04 - 0.01 0.12 0.04 2.82 2.64 2.64 - 0.21 5.99 2.30 0.20 0.20 0.20 unch 0.00 0.70 0.16 0.64 0.60 0.63 - 0.00 1.55 0.50 0.85 0.80 0.85 unch 0.00 1.95 0.65 0.06 0.04 0.05 - 0.01 0.13 0.04 0.04 0.03 0.03 - 0.01 0.10 0.03 0.08 0.08 0.08 unch 0.00 0.27 0.06 0.50 0.36 0.39 - 0.06 0.50 0.02 0.66 0.48 0.53 - 0.10 0.66 0.03 0.12 0.11 0.12 + 0.01 0.16 0.09 0.08 0.00 0.08 unch 0.00 0.11 0.05 0.18 0.16 0.17 - 0.00 0.24 0.15 0.23 0.21 0.22 - 0.01 0.34 0.20 0.36 0.33 0.33 - 0.01 0.48 0.22 0.25 0.19 0.24 + 0.06 0.32 0.17 0.05 0.04 0.05 unch 0.00 0.12 0.03 0.05 0.05 0.05 unch 0.00 0.16 0.05 0.17 0.16 0.16 + 0.01 0.32 0.14 0.12 0.11 0.11 - 0.01 0.25 0.10 0.00 0.00 0.00 + 0.00 0.00 0.00 0.37 0.29 0.31 - 0.04 1.66 0.29

B2Gold Corp* X 22562 14541 B2Gold Corp T Balmoral Res T 626 O 343 Balmoral Res* Balto Res V 108 V 367 Bankers Cobalt Bankers Cobalt* O 40 O 460 Bannerman Res* Banyan Gold V 468 Banyan Gold* O 443 Bard Ventures V 69 Barker Min V 172 Barker Min* O 175 Barkerville V 560 Barkerville* O 145 V 237 Barksdale Cap O 61 Barksdale Cap* V 7 Barolo Venture V 836 Baroyeca Gold Barrick Gold * N 67912 Barrick Gold T 22572 Barsele Min* O 32 Barsele Min V 95 Batero Gold* O 48 Batero Gold V 50 O 270 Bayhorse Silvr* V 449 Bayhorse Silvr BC Moly V 0 BCM Res V 116 V 33 BE Res 163 Bear Creek Mng V Bear Creek Mng* O 123 Bearing Lith V 69 Bearing Lith* O 38 Bell Copper* O 134 Bell Copper V 210 Belmont Res V 1289 Belo Sun Mng T 1726 Belo Sun Mng* O 1837 BeMetals V 209 V 1274 Benchmark Met O 300 Benchmark Met* Benton Res V 441 Benton Res* O 103 Benz Mining V 358 Benz Mining* O 17 Berkwood Res * O 88 V 299 Berkwood Res Bird River Res 1441 O 1 Bitterroot Res* Bitterroot Res V 110 Black Dragon V 235 O 375 Black Dragon* Black Hills* N 1656 Black Iron T 2273 Black Iron* O 224 0 Black Isle Res* O V 8 Black Mammoth Black Sea V 12 O 6 Black Sea * 515 Black Tusk Res V 306 Blackheath Res Blackrock Gold V 580 O 110 Blackrock Gold* Blind Creek V 56 BLOX Inc* O 5 Blue Moon Zinc V 149 49 Blue Moon Zinc* O 93 Blue River Res V 74 Blue River Res* O

3.17 2.93 3.16 + 0.12 3.35 2.10 4.23 3.92 4.23 + 0.18 4.40 2.77 0.16 0.14 0.14 - 0.01 0.48 0.12 0.12 0.10 0.11 - 0.00 0.37 0.08 0.11 0.06 0.08 - 0.03 0.20 0.05 0.04 0.02 0.03 + 0.01 0.41 0.02 0.03 0.02 0.03 + 0.01 0.39 0.01 0.03 0.03 0.03 - 0.00 0.06 0.03 0.06 0.05 0.06 + 0.01 0.09 0.04 0.04 0.03 0.04 + 0.01 0.06 0.02 0.23 0.20 0.20 - 0.04 1.63 0.18 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.42 0.39 0.40 - 0.01 0.70 0.30 0.31 0.29 0.30 - 0.00 0.57 0.23 0.56 0.53 0.53 - 0.02 0.90 0.44 0.43 0.39 0.41 + 0.01 0.61 0.38 0.25 0.25 0.25 unch 0.00 0.30 0.09 0.01 0.00 0.01 - 0.01 0.03 0.01 13.00 12.18 12.93 + 0.62 88.70 11.52 17.44 16.21 17.34 + 0.99 18.99 12.54 0.43 0.37 0.43 + 0.06 0.68 0.28 0.66 0.50 0.58 + 0.08 1.03 0.36 0.05 0.04 0.05 - 0.00 0.07 0.03 0.06 0.06 0.06 unch 0.00 0.09 0.06 0.08 0.00 0.08 - 0.01 0.19 0.06 0.11 0.09 0.09 - 0.01 0.26 0.09 0.00 0.00 0.03 unch 0.00 0.16 0.03 0.11 0.09 0.11 unch 0.00 0.26 0.09 0.04 0.04 0.04 + 0.01 0.07 0.02 1.50 1.38 1.48 - 0.05 2.60 0.89 1.13 1.03 1.11 - 0.03 2.07 0.71 0.24 0.23 0.23 unch 0.00 0.68 0.21 0.18 0.00 0.17 - 0.01 0.80 0.02 0.10 0.08 0.08 - 0.01 0.12 0.03 0.14 0.11 0.12 unch 0.00 0.15 0.05 0.04 0.04 0.04 - 0.01 0.10 0.03 0.29 0.24 0.26 - 0.02 0.42 0.17 0.22 0.17 0.19 - 0.02 0.33 0.12 0.29 0.28 0.29 + 0.01 0.30 0.16 0.27 0.24 0.25 + 0.03 0.39 0.16 0.20 0.18 0.18 + 0.02 0.30 0.06 0.06 0.05 0.05 - 0.01 0.09 0.04 0.05 0.04 0.05 unch 0.00 0.06 0.03 0.07 0.06 0.06 unch 0.00 0.15 0.05 0.05 0.04 0.05 + 0.01 0.10 0.04 0.06 0.06 0.06 - 0.00 0.18 0.05 0.08 0.07 0.08 unch 0.00 0.23 0.06 0.04 0.03 0.03 - 0.01 0.29 0.03 0.02 0.02 0.02 unch 0.00 0.09 0.01 0.03 0.00 0.03 - 0.01 0.12 0.02 0.09 0.08 0.08 unch 0.00 0.38 0.08 0.06 0.06 0.06 unch 0.00 0.14 0.05 72.92 71.13 72.81 + 0.86 72.86 51.31 0.07 0.06 0.06 - 0.02 0.12 0.05 0.06 0.04 0.05 - 0.00 0.09 0.03 0.01 0.01 0.01 unch 0.00 0.03 0.00 0.09 0.06 0.09 + 0.03 0.14 0.05 0.11 0.00 0.09 - 0.01 0.36 0.06 0.07 0.00 0.06 + 0.01 0.09 0.01 0.20 0.16 0.18 - 0.01 0.29 0.12 0.02 0.01 0.02 - 0.01 0.05 0.01 0.05 0.00 0.04 unch 0.00 0.16 0.04 0.03 0.03 0.03 unch 0.00 0.12 0.02 0.05 0.05 0.05 unch 0.00 0.29 0.03 0.17 0.17 0.17 unch 0.00 0.30 0.10 0.04 0.04 0.04 - 0.01 0.12 0.04 0.03 0.00 0.03 - 0.00 0.10 0.02 0.02 0.02 0.02 - 0.01 0.05 0.02 0.01 0.01 0.01 unch 0.00 0.04 0.01

B

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Blue Sky Uran* O 354 756 Blue Sky Uran V Blue Star Gold V 325 O 132 BlueBird Batt* BlueBird Batt V 1525 V 1155 Bluenose Gold O 98 Bluestone Res* Bluestone Res V 233 O 100 Bold Ventures* Bold Ventures V 325 O 2265 Bonanza Gold* BonTerra Res V 216 Boreal Metals V 128 Borneo Res Inv* O 5438 Bravada Gold V 128 O 117 Bravada Gold* V 397 Braveheart Res O 25 Braveheart Res* O 136 Bravo Multinat* Brazil Min* O 33212 O 13 Brigadier Gold* V 25 Brigadier Gold BrightRock* O 52 O 384 Britannia Mng* V 432 Brixton Metals O 131 Brixton Metals* V 813 Broadway Gold Broadway Gold* O 99 O 931 Brookmount Exp* Bryn Res* O 6 BTU Metals V 410 Buenaventura* N 4827 Buffalo Coal V 130 O 53 Bullfrog Gold* Bullman Min V 195 Bunker Hill 3 BWR Explor V 100

0.13 0.12 0.12 + 0.01 0.19 0.09 0.18 0.15 0.17 + 0.02 0.26 0.13 0.03 0.02 0.02 - 0.01 0.05 0.02 0.22 0.19 0.22 + 0.03 0.41 0.14 0.30 0.24 0.29 + 0.03 0.56 0.17 0.20 0.19 0.19 unch 0.00 0.33 0.09 0.99 0.88 0.91 - 0.06 1.16 0.81 1.28 1.19 1.21 - 0.07 1.60 1.05 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.00 0.00 0.00 - 0.00 0.00 0.00 2.08 1.95 2.02 - 0.03 5.80 1.91 0.09 0.00 0.09 + 0.01 0.32 0.04 0.00 0.00 0.00 - 0.00 0.00 0.00 0.08 0.07 0.08 + 0.01 0.12 0.05 0.06 0.05 0.05 - 0.01 0.09 0.04 0.10 0.08 0.08 - 0.02 0.12 0.06 0.08 0.08 0.08 unch 0.00 0.08 0.05 0.50 0.38 0.50 + 0.04 0.95 0.02 0.00 0.00 0.00 - 0.00 0.00 0.00 0.14 0.14 0.14 unch 0.00 0.15 0.10 0.18 0.00 0.18 unch 0.00 0.26 0.05 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.18 0.16 0.17 - 0.02 0.34 0.13 0.14 0.11 0.12 - 0.01 0.27 0.10 0.14 0.08 0.11 + 0.04 0.25 0.06 0.11 0.07 0.09 + 0.04 0.20 0.02 0.01 0.01 0.01 + 0.00 0.03 0.00 0.09 0.00 0.09 unch 0.00 0.10 0.00 0.11 0.10 0.11 + 0.01 0.14 0.04 16.91 15.98 16.52 + 0.30 17.31 11.67 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.10 0.07 0.08 + 0.01 0.18 0.04 0.12 0.04 0.04 - 0.08 0.13 0.04 0.08 0.00 0.08 + 0.01 2.30 0.03 0.05 0.05 0.05 unch 0.00 0.08 0.03

Cabral Gold V 158 Cabral Gold* O 7 Cache Explor* O 39 Cache Explor V 789 Cadillac Vent V 1388 Cairo Res V 22 Caledonia Mng T 16 X 68 Caledonia Mng* Calibre Mng V 62 Calibre Mng* O 12 California Gld V 656 O 109 California Gld* O 118 Callinex Mines* V 142 Callinex Mines Cameco Corp* N 8119 Cameco Corp T 4792 O 376 Cameo Cobalt* V 7744 Cameo Cobalt Camino Min* O 2 Camino Min V 49 O 24 Camrova Res* V 91 Canada Carbon Canada Carbon* O 1 Canada Coal V 213 81 Canada Cobalt * O V 710 Canada Cobalt Canada One V 31 Canada One* O 2 Canada Rare V 151 Canada Rare* O 2 V 21 Canadian Engy Canadian Metal 447 O 103 Canadian Metal* O 22 Canadian Ore* Canadian Ore V 58 Canadian Prem V 37 O 22 CanAlaska Uran* V 280 CanAlaska Uran Canamex Gold 27 Canamex Gold* O 9 Canarc Res T 720 Canarc Res* O 1441 Canasil Res V 66 O 5 Candelaria Mg* V 15 Candelaria Mg T 790 Candente Coppr Candente Gold* O 4 V 392 Candente Gold 0 CANEX Metals * O V 1 CANEX Metals CaNickel Mng V 1 181 Canoe Mng Vent V Canstar Res V 94 V 82 Canterra Mnls Cantex Mn Dev* O 10 420 Cantex Mn Dev V Canuc Res V 72 Canuc Res* O 115 Capstone Mng T 2448 Cardero Res V 103 Cardero Res* O 20 Cardinal Res* O 16 Cardinal Res T 115 Cariboo Rose V 258 Carlin Gold V 222 Carrara Explor 2068 Cartier Iron 11 Cartier Res V 337 V 148 Carube Copper V 295 Casa Minerals Cascadero Copp V 450 Cassius Vents V 3 618 Castle Peak Mg V CAT Strategic 177 Cautivo Mining 35 CellCube Enrgy 4036 O 633 CellCube Enrgy* Centamin T 110 O 457 Centaurus Diam* Centenera Mng* O 25 V 1062 Centenera Mng Centerra Gold T 3545 Central Iron V 30 Central Tim Ex V 230 V 749 Centurion Mnls O 226 Century Cobalt* T 4 Century Global Cerro de Pasc * O 50 701 Cerro de Pasc Cerro Grande 245 Cerro Mng V 15 Ceylon Graph V 13 V 2254 Chakana Copper O 83 Chakana Copper* 50 Chalice Gold M* O Chalice Gold M T 592 V 85 Champion Bear O 47 Champion Iron* T 4373 Champion Iron Chatham Rock V 87 O 12 Chesapeake Gld* V 34 Chesapeake Gld Chevron Corp* N 36593 Chiboug Ind Mn V 266 Chiboug Ind Mn* O 250 V 652 Chilean Metals O 71 Chilean Metals* China Gold Int T 216 3 CIM Intl Grp Cipher Res V 288 V 159 Clarmin Explor Clean Comm V 145 Clean Comm* O 5 V 225 Cleghorn Mnls Cleveland-Clif* N 47861 Cliffmont Res V 1 Clifton Mng* O 37 Cloud Peak En* N 17372 CMC Metals V 218 CMX Gold & Sil 190 CNRP Mng 583 CNRP Mng* O 598 855 Cobalt 27 Cap V Cobalt Block V 189 Cobalt Block* O 135 16449 Coeur Mng* N Colibri Res* O 763

0.29 0.23 0.27 - 0.02 0.44 0.18 0.22 0.21 0.21 - 0.00 0.32 0.14 0.03 0.02 0.03 - 0.00 0.04 0.02 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.03 0.02 0.02 - 0.01 0.04 0.01 0.33 0.30 0.30 unch 0.00 0.42 0.24 7.92 7.23 7.91 + 0.50 12.50 6.63 6.00 5.50 5.93 + 0.52 9.94 5.01 0.51 0.45 0.45 - 0.07 0.90 0.30 0.38 0.00 0.32 - 0.10 0.55 0.03 0.33 0.29 0.29 - 0.03 0.36 0.19 0.25 0.22 0.23 - 0.01 0.28 0.13 0.08 0.07 0.07 - 0.01 0.24 0.05 0.11 0.09 0.10 - 0.01 0.31 0.08 11.86 11.29 11.66 + 0.13 13.04 8.85 15.93 15.10 15.63 + 0.30 17.12 11.42 0.11 0.07 0.11 + 0.04 0.99 0.03 0.15 0.10 0.14 + 0.04 0.45 0.05 0.09 0.09 0.09 - 0.01 0.32 0.07 0.14 0.12 0.14 unch 0.00 0.42 0.09 0.04 0.00 0.01 - 0.01 0.09 0.00 0.12 0.11 0.11 unch 0.00 0.18 0.05 0.11 0.11 0.11 unch 0.00 0.13 0.00 0.04 0.00 0.03 unch 0.00 0.12 0.03 0.38 0.31 0.32 - 0.05 0.79 0.01 0.50 0.42 0.44 - 0.05 0.90 0.19 0.05 0.05 0.05 unch 0.00 0.13 0.04 0.03 0.03 0.03 unch 0.00 0.11 0.03 0.05 0.05 0.05 - 0.01 0.10 0.04 0.04 0.04 0.04 unch 0.00 0.08 0.02 0.12 0.10 0.10 - 0.03 0.25 0.09 0.07 0.06 0.06 unch 0.00 0.20 0.05 0.05 0.04 0.05 + 0.00 0.06 0.04 0.31 0.27 0.27 - 0.05 0.34 0.15 0.41 0.32 0.32 - 0.09 0.45 0.14 1.30 1.25 1.30 - 0.01 3.98 1.06 0.22 0.00 0.22 - 0.00 0.35 0.19 0.31 0.28 0.29 - 0.01 0.45 0.25 0.08 0.07 0.08 unch 0.00 0.17 0.05 0.06 0.05 0.06 - 0.00 0.14 0.03 0.07 0.06 0.07 + 0.01 0.08 0.03 0.05 0.04 0.05 + 0.01 0.06 0.02 0.07 0.07 0.07 - 0.01 0.15 0.06 0.28 0.26 0.28 + 0.03 0.71 0.25 0.38 0.00 0.37 unch 0.00 0.90 0.23 0.06 0.05 0.05 - 0.01 0.11 0.05 0.02 0.01 0.01 - 0.01 0.04 0.01 0.03 0.02 0.03 unch 0.00 0.05 0.02 0.00 0.00 0.02 unch 0.00 0.06 0.02 0.06 0.00 0.06 + 0.01 0.08 0.03 0.00 0.00 0.12 unch 0.00 0.17 0.06 0.03 0.03 0.03 unch 0.00 0.17 0.02 0.11 0.09 0.09 unch 0.00 0.30 0.08 0.02 0.02 0.02 - 0.01 0.04 0.02 0.65 0.59 0.59 - 0.06 0.77 0.01 0.94 0.77 0.85 + 0.10 1.10 0.15 0.05 0.00 0.05 unch 0.00 0.25 0.04 0.04 0.04 0.04 - 0.00 0.18 0.04 0.72 0.62 0.64 - 0.06 0.06 0.06 0.06 - 0.01 0.16 0.05 0.04 0.00 0.04 + 0.00 0.12 0.04 0.29 0.26 0.26 - 0.03 0.44 0.29 0.36 0.34 0.34 - 0.02 0.63 0.34 0.04 0.03 0.04 + 0.01 0.05 0.02 0.02 0.02 0.02 + 0.01 0.04 0.02 0.05 0.04 0.04 - 0.01 0.17 0.03 0.10 0.10 0.10 unch 0.00 0.15 0.07 0.14 0.12 0.14 unch 0.00 0.22 0.11 0.06 0.05 0.05 unch 0.00 0.10 0.04 0.17 0.12 0.12 - 0.05 0.24 0.12 0.03 0.03 0.03 unch 0.00 0.12 0.03 0.06 0.06 0.06 unch 0.00 0.08 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.06 0.05 0.05 - 0.01 0.15 0.05 0.15 0.15 0.15 unch 0.00 0.40 0.08 0.14 0.11 0.14 + 0.03 0.76 0.09 0.11 0.08 0.11 + 0.02 0.60 0.06 1.73 1.56 1.68 + 0.06 2.96 1.40 0.50 0.14 0.24 - 0.17 1.00 0.04 0.03 0.02 0.02 - 0.01 0.16 0.01 0.04 0.04 0.04 unch 0.00 0.20 0.03 7.03 6.36 6.99 + 0.37 8.21 4.76 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.07 0.07 0.07 - 0.01 0.20 0.06 0.02 0.01 0.02 unch 0.00 0.04 0.01 0.17 0.11 0.14 + 0.01 0.20 0.01 0.18 0.18 0.18 unch 0.00 0.24 0.11 0.23 0.22 0.23 - 0.03 0.26 0.16 0.32 0.29 0.32 + 0.02 0.37 0.22 0.01 0.01 0.01 + 0.01 0.02 0.01 0.14 0.14 0.14 unch 0.00 0.21 0.13 0.16 0.00 0.15 + 0.01 0.23 0.12 0.49 0.41 0.45 - 0.04 1.03 0.25 0.36 0.30 0.33 - 0.03 0.79 0.19 0.11 0.11 0.11 unch 0.00 0.15 0.08 0.15 0.13 0.14 - 0.01 0.18 0.10 0.20 0.17 0.20 + 0.03 0.25 0.10 1.50 1.21 1.27 - 0.04 1.50 0.70 1.83 1.64 1.72 - 0.02 1.83 0.89 0.15 0.14 0.14 unch 0.00 0.32 0.14 1.53 1.39 1.47 - 0.05 2.51 1.10 1.93 1.87 1.92 + 0.01 3.29 1.51 124.70 119.20 121.62 - 0.41 131.08 100.22 0.08 0.00 0.07 unch 0.00 0.08 0.04 0.04 0.04 0.04 unch 0.00 0.05 0.03 0.04 0.04 0.04 unch 0.00 0.24 0.03 0.04 0.03 0.03 - 0.00 0.12 0.01 1.88 1.73 1.77 - 0.05 3.19 1.46 0.59 0.59 0.59 unch 0.00 0.63 0.19 0.10 0.05 0.06 - 0.04 0.14 0.05 0.14 0.12 0.12 - 0.02 0.25 0.10 0.03 0.00 0.03 - 0.01 0.10 0.03 0.03 0.01 0.01 unch 0.00 0.08 0.01 0.07 0.06 0.07 unch 0.00 0.14 0.06 10.92 9.60 9.78 - 1.11 13.10 6.40 0.00 0.00 0.13 unch 0.00 0.90 0.11 0.07 0.05 0.07 unch 0.00 0.10 0.04 0.52 0.39 0.43 - 0.08 4.10 0.26 0.05 0.05 0.05 unch 0.00 0.14 0.04 0.05 0.04 0.05 unch 0.00 0.12 0.04 0.32 0.29 0.29 - 0.03 2.02 0.29 0.24 0.21 0.22 - 0.02 1.58 0.21 4.69 3.88 4.02 - 0.52 13.75 3.27 0.12 0.07 0.11 - 0.01 0.40 0.07 0.09 0.05 0.09 + 0.01 0.32 0.05 4.89 4.48 4.67 - 0.07 8.89 3.80 0.05 0.04 0.04 - 0.00 0.06 0.01

C

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Colibri Res V 98 V 0 Colombia Crest O 0 Colombia Crest* Colonial Coal V 680 Colorado Res V 578 O 64 Colorado Res* T 222 Columbus Gold O 283 Columbus Gold* Comet Inds V 5 V 140 Commander Res O 5 Commander Res* O 40 Commerce Res* V 89 Commerce Res V 842 Compass Gold X 3575 Comstock Mng* V 1117 Comstock Mtls 75 Comstock Mtls * O Condor Gold* O 0 Condor Gold T 1 Condor Res V 584 Condor Res* O 42 O 5 Confedertn Ml* V 68 Confedertn Mls V 99 Conquest Res V 221 Cons Woodjam CONSOL Coal Rs* N 136 N 17827 CONSOL Energy* N 1343 CONSOL Energy* O 72 Constantine Mt* V 177 Constantine Mt O 53 Contact Gold* Contact Gold V 114 O 53 Contact Mnrls* Contintl Gold T 1641 O 805 Contintl Gold* 6 Copper Fox Mtl* O 324 Copper Fox Mtl V 60 Copper Lake Rs V Copper Mtn Mng T 1755 Copper Mtn Mng* O 246 0 Copper North M* O 118 Copper North M V Copper One V 593 Copper One * O 181 760 Copper Reef Mg Copperbank Res 532 O 183 Copperbank Res* 21 Coral Gold * O Coral Gold V 277 V 650 Cordoba Mnls O 176 Cordoba Mnls* Core Gold V 1525 Core Gold* O 1564 Core Lithium* O 40 V 852 Cornerstone Ca O 97 Cornerstone Ca* Coro Mining T 1288 Corsa Coal V 26 1 Corsa Coal * O Corvus Gold* O 69 Corvus Gold T 336 CR Capital V 180 Crest Resource 40 Cresval Cap V 127 Critical Elem* O 23 Critical Elem V 876 V 248 CROPS O 15 Crown Mining* Crown Mining V 470 Cruz Cobalt V 199 Cruz Cobalt* O 75 Crystal Lake V 775 Crystal Lake* O 248 Crystal Peak* O 58 Crystal Peak V 5 O 0 CTGX Mining* 6 Currie Rose Rs V 25 CWN M’g Acq V Cypress Dev* O 90 Cypress Dev V 681

0.03 0.07 0.05 0.06 - 0.01 0.10 0.11 unch 0.00 1.20 0.00 0.00 0.21 0.01 unch 0.00 0.10 0.00 0.00 0.03 0.15 0.50 0.42 0.50 + 0.08 0.58 0.05 unch 0.00 0.19 0.05 0.05 0.05 0.03 unch 0.00 0.15 0.04 0.03 0.04 0.18 0.24 0.22 0.22 - 0.02 0.43 0.14 0.18 0.16 0.17 - 0.01 0.34 2.60 3.40 3.00 3.00 - 0.40 3.60 0.07 unch 0.00 0.25 0.10 0.09 0.09 0.02 unch 0.00 0.16 0.07 0.07 0.07 0.04 0.06 0.04 0.05 + 0.00 0.07 0.05 unch 0.00 0.08 0.07 0.06 0.07 0.11 0.19 0.13 0.14 + 0.02 0.74 0.12 0.17 0.15 0.16 - 0.01 0.40 0.03 0.04 0.04 0.04 + 0.01 0.08 0.03 0.03 0.03 + 0.00 0.06 0.01 0.30 unch 0.00 0.80 0.00 0.00 0.43 0.44 unch 0.00 1.03 0.00 0.00 0.45 0.05 0.07 0.00 0.06 - 0.01 0.12 0.04 0.05 0.04 0.05 + 0.01 0.09 0.15 0.19 0.15 0.19 + 0.03 0.32 0.20 0.26 0.00 0.23 - 0.04 0.48 0.01 unch 0.00 0.06 0.02 0.02 0.02 0.03 0.08 0.07 0.07 - 0.02 0.09 18.33 17.10 17.71 - 0.33 21.13 13.50 11.28 10.02 10.11 - 0.94 18.37 9.58 26.62 38.74 33.44 33.67 - 4.70 48.12 0.12 0.40 0.33 0.35 - 0.01 0.65 0.39 0.50 0.44 0.47 - 0.01 0.83 0.20 unch 0.00 0.38 0.24 0.24 0.24 0.27 unch 0.00 0.50 0.32 0.28 0.30 0.02 unch 0.00 0.45 0.15 0.02 0.15 1.76 2.51 2.20 2.47 + 0.21 3.98 1.33 1.86 1.65 1.85 + 0.17 3.02 0.09 0.08 0.08 - 0.01 0.10 0.06 0.12 0.11 0.11 - 0.01 0.13 0.08 0.02 0.00 0.02 - 0.01 0.06 0.01 1.12 0.92 1.02 unch 0.00 1.45 0.65 0.82 0.69 0.73 - 0.05 1.12 0.48 0.00 0.00 0.02 unch 0.00 0.05 0.02 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.10 0.14 0.13 0.13 - 0.02 0.18 0.10 0.09 0.10 + 0.01 0.14 0.07 0.03 0.02 0.02 unch 0.00 0.03 0.02 0.04 0.08 0.06 0.07 - 0.02 0.10 0.03 0.06 0.05 0.05 - 0.01 0.08 0.28 0.27 0.27 + 0.00 0.34 0.16 0.32 0.38 0.36 0.37 + 0.02 0.44 0.10 0.14 0.11 0.13 + 0.02 0.29 0.07 0.11 0.08 0.10 + 0.01 0.23 0.19 0.31 0.21 0.30 + 0.06 0.35 0.14 0.23 0.16 0.21 + 0.03 0.28 0.25 unch 0.00 0.95 0.35 0.34 0.34 0.14 0.32 0.30 0.32 + 0.02 0.39 0.03 0.24 0.22 0.23 - 0.01 0.28 0.10 0.08 0.09 + 0.01 0.61 unch 0.00 1.91 0.85 0.82 0.85 0.65 0.61 0.61 - 0.04 1.53 0.37 1.16 1.59 1.50 1.52 - 0.05 2.72 1.49 unch 0.00 3.39 2.10 1.99 2.05 0.02 unch 0.00 0.15 0.06 0.05 0.05 0.10 unch 0.00 0.15 0.10 0.10 0.10 0.05 unch 0.00 0.05 0.05 0.04 0.05 0.42 0.46 0.42 0.46 + 0.00 0.96 0.55 0.64 0.55 0.59 - 0.02 1.25 0.03 0.03 0.03 0.03 + 0.01 0.12 0.06 0.08 0.00 0.08 + 0.01 0.15 0.07 0.12 0.09 0.10 - 0.02 0.21 0.05 0.06 0.05 0.05 - 0.01 0.36 0.03 0.04 0.03 0.04 - 0.00 0.28 0.24 0.30 0.24 0.26 - 0.06 1.12 0.18 0.22 0.18 0.19 - 0.05 0.83 0.12 0.15 0.13 0.15 + 0.01 0.34 0.16 0.20 0.19 0.20 + 0.02 0.44 0.10 unch 0.00 0.25 0.00 0.00 0.10 0.07 0.06 0.07 + 0.01 0.20 0.05 0.05 0.05 0.05 unch 0.00 0.18 0.03 0.13 0.15 0.13 0.14 + 0.00 0.34 0.17 0.20 0.18 0.18 - 0.01 0.43

Dajin Res V 402 Dajin Res* O 193 Dakota Ter Res* O 122 Daleco Res* O 722 Danakali* O 165 Debut Dmds 23 Decade Res V 319 Decade Res* O 150 V 68 Deep-South Res DeepRock Min 25 O 15 Defense Metals* V 173 Defense Metals Defiance Silvr V 256 O 184 Defiance Silvr* Delrand Res V 62 Delrey Metals 229 T 1538 Denison Mines X 2031 Denison Mines* Desert Gold V 193 Desert Lion* O 25 Desert Lion V 171 179 Desert Mtn Egy V Detour Gold T 5455 O 250 Diamante Min* Diamcor Mng V 666 O 36 Diamcor Mng* V 37 Diamond Fields O 18 Diamond Fields* Dios Expl V 280 V 360 Discovery Harb V 224 Discovery Met 149245 O Discovery Mnls* V 3284 Discovery-Corp District Cop* O 50 District Cop V 325 Ditem Explor* O 76 O 50 Diversified Rs* DNI Metals 161 DNI Metals* O 252 O 76 Dolat Ventures* Dolly Vard Sil* O 133 56 Dolly Vard Sil V O 80 Doubleview Cap* V 863 Doubleview Cap DRDGOLD* N 244 25 Duncan Park H V Dundee Prec Mt T 1558 O 8 Dunnedin Vent* Durango Res V 72 Durango Res* O 350 V 154 DV Resources 223 Dynacor Gld Mn T 31 Dynacor Gld Mn* O O 0 Dynamic Gold* O 14 DynaResource* Dynasty Gold V 62 O 0 Dynasty Gold* E3 Metals V 144 E3 Metals* O 10 V 9 Eagle Graphite Eagle Plains V 434 783 V East Africa 13 East Africa * O 99 East Asia Mnls* O East Asia Mnls V 9143 Eastern Platin T 42 O 15 Eastern Platin* Eastern Zinc 14 Eastfield Res V 802 O 165 Eastmain Res* Eastmain Res T 794 471 Eco Oro Mnls Eco Oro Mnls* O 252 eCobalt Solns T 750 O 717 eCobalt Solns* V 3 Edgewater Expl O 8 Edison Cobalt* V 164 Edison Cobalt El Capitan Prc* O 1429 8 El Nino Vent* O 13 El Nino Vent V Elcora Adv Mat V 1295 Elcora Res* O 812 N 8104 Eldorado Gold*

0.04 0.06 0.05 0.06 - 0.01 0.15 0.03 0.05 0.04 0.04 - 0.00 0.11 0.08 0.05 0.07 unch 0.00 0.19 0.03 0.00 0.00 0.00 0.00 + 0.00 0.00 0.44 0.58 0.55 0.55 - 0.03 0.69 0.01 0.01 0.00 0.01 - 0.01 0.03 0.03 0.05 0.03 0.05 + 0.01 0.10 0.02 unch 0.00 0.07 0.02 0.02 0.02 0.06 0.12 0.00 0.12 + 0.04 0.40 0.05 unch 0.00 0.10 0.05 0.05 0.05 0.14 0.15 0.15 0.15 - 0.00 0.15 0.12 0.20 0.17 0.19 - 0.01 0.25 0.17 0.22 0.20 0.21 - 0.01 0.44 0.12 0.17 0.15 0.15 - 0.01 0.35 0.25 0.38 0.33 0.38 + 0.05 1.21 0.19 0.23 0.20 0.20 - 0.04 0.50 0.55 0.71 0.66 0.68 - 0.02 0.89 0.43 0.54 0.49 0.50 - 0.02 0.69 0.14 unch 0.00 0.28 0.18 0.15 0.18 0.05 unch 0.00 1.07 0.10 0.10 0.10 0.04 0.14 0.13 0.13 - 0.02 1.80 0.21 0.18 0.18 - 0.03 0.27 0.10 13.01 12.31 12.99 + 0.10 15.40 9.11 0.02 0.06 0.03 0.03 - 0.02 0.24 0.13 0.21 0.13 0.17 - 0.03 0.50 0.11 0.16 0.11 0.13 - 0.02 0.41 0.07 unch 0.00 0.14 0.10 0.10 0.10 0.04 unch 0.00 0.09 0.08 0.08 0.08 0.05 unch 0.00 0.19 0.07 0.06 0.07 0.01 unch 0.00 0.08 0.04 0.04 0.04 0.17 unch 0.00 0.42 0.21 0.20 0.20 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.01 0.01 - 0.01 0.03 0.02 unch 0.00 0.16 0.02 0.02 0.02 0.03 unch 0.00 0.21 0.04 0.03 0.03 0.00 0.00 0.00 0.00 + 0.00 0.00 0.01 0.01 0.01 0.01 - 0.00 0.05 0.04 unch 0.00 0.11 0.06 0.05 0.05 0.03 0.05 0.04 0.05 - 0.00 0.08 0.10 0.64 0.51 0.59 + 0.08 3.90 0.35 0.30 0.31 - 0.04 0.63 0.22 0.46 0.40 0.42 - 0.05 0.78 0.29 0.07 unch 0.00 0.12 0.10 0.10 0.10 0.07 0.17 0.14 0.16 + 0.01 0.17 1.76 2.22 2.07 2.18 - 0.01 3.10 0.28 0.00 0.28 + 0.07 0.60 0.20 4.57 4.30 4.52 + 0.02 4.79 2.56 0.05 unch 0.00 0.25 0.05 0.05 0.05 0.04 0.08 0.07 0.07 - 0.02 0.10 0.04 unch 0.00 0.07 0.06 0.06 0.06 0.07 0.11 0.08 0.08 - 0.01 0.50 1.80 1.71 1.78 - 0.01 1.44 1.28 1.35 + 0.07 1.55 1.02 0.75 unch 0.00 3.00 0.00 0.00 1.99 0.75 unch 0.00 1.25 1.10 0.00 1.10 0.10 0.11 0.10 0.10 - 0.01 0.25 0.07 unch 0.00 0.22 0.00 0.00 0.07 0.23 0.38 0.33 0.35 + 0.01 0.58 0.22 0.28 0.24 0.26 - 0.02 0.35 0.07 unch 0.00 0.32 0.08 0.00 0.08 0.08 0.11 0.10 0.11 - 0.01 0.29 0.22 0.19 0.22 + 0.02 0.29 0.14 0.13 0.13 0.13 unch 0.00 0.21 0.10 0.08 0.04 0.06 + 0.01 0.08 0.02 0.10 0.06 0.06 - 0.01 0.10 0.03 0.17 0.22 0.00 0.22 + 0.01 0.43 0.12 unch 0.00 0.37 0.19 0.19 0.19 0.09 unch 0.00 0.56 0.14 0.12 0.14 0.03 unch 0.00 0.07 0.06 0.05 0.06 0.10 0.11 0.10 0.10 - 0.00 0.23 0.13 0.15 0.14 0.14 + 0.01 0.29 0.19 0.10 0.12 - 0.06 0.38 0.10 0.13 0.09 0.09 - 0.05 0.77 0.00 0.25 unch 0.00 1.74 0.38 0.34 0.36 0.19 0.29 0.25 0.26 - 0.01 1.38 0.10 unch 0.00 0.18 0.10 0.10 0.10 0.03 unch 0.00 0.19 0.04 0.04 0.04 0.05 0.06 0.06 0.06 - 0.01 0.25 0.01 0.01 0.01 - 0.00 0.04 0.00 0.02 0.02 0.02 - 0.00 0.05 0.02 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.12 0.08 0.11 + 0.04 0.40 0.06 0.05 0.08 0.06 0.08 + 0.03 0.32 2.52 4.48 4.10 4.46 + 0.26 6.05

D-F

2019-03-12 2:39 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / MARCH 18–31, 2019

Week

12-month

Exc Volume High Low Last Change High Low

Eldorado Gold T 4113 6.00 5.46 5.97 + 0.38 7.75 3.36 Eloro Res* O 8 0.26 0.26 0.26 unch 0.00 0.61 0.26 0.32 Eloro Res V 13 0.34 0.33 0.33 - 0.01 0.93 Ely Gold Royal V 724 0.20 0.17 0.18 + 0.01 0.19 0.09 Ely Gold Royal* O 562 0.15 0.12 0.14 + 0.00 0.14 0.07 Elysee Dev * O 17 0.27 0.27 0.27 - 0.02 0.33 0.23 0.31 Elysee Dev V 19 0.38 0.00 0.36 - 0.02 0.42 Emerita Res V 603 0.02 0.02 0.02 + 0.01 0.13 0.02 Emgold Mng* O 4 0.11 0.09 0.11 + 0.02 0.15 0.03 Emgold Mng V 366 0.16 0.13 0.16 + 0.01 0.22 0.05 V 0 0.00 0.00 0.17 unch 0.00 0.24 0.11 Empire Metals EMX Royalty* X 140 1.25 1.16 1.21 + 0.01 1.47 0.84 EMX Royalty V 72 1.65 1.60 1.63 + 0.01 1.80 1.01 Encanto Potash* O 4 0.12 0.12 0.12 unch 0.00 0.22 0.02 V 38 0.16 0.15 0.16 + 0.01 0.50 0.14 Encanto Potash EnCore Energy V 658 0.15 0.13 0.14 - 0.01 0.17 0.05 Endeavour Mng T 1642 21.24 19.47 21.11 + 1.21 24.82 16.34 Endeavour Mng* O 31 15.70 14.64 15.70 + 0.36 19.19 12.38 N 6060 2.74 2.33 2.74 + 0.31 3.35 1.76 Endeavr Silver* Endeavr Silver T 2623 3.67 3.11 3.66 + 0.43 4.40 2.27 Endurance Gold* O 22 0.05 0.03 0.03 - 0.02 0.06 0.03 Endurance Gold V 150 0.07 0.04 0.04 - 0.02 0.09 0.03 1.50 Energy Fuels* X 3910 3.05 2.71 2.82 - 0.23 4.09 Energy Fuels T 1086 4.06 3.65 3.81 - 0.23 5.38 1.95 Enforcer Gold V 74 0.06 0.06 0.06 unch 0.00 0.27 0.04 Enforcer Gold* O 2 0.04 0.04 0.04 unch 0.00 0.07 0.02 Engineer Gold V 65 0.09 0.08 0.09 - 0.01 0.12 0.05 0.09 Engold Mines V 144 0.11 0.10 0.10 - 0.01 0.28 Engold Mines* O 78 0.09 0.07 0.07 - 0.01 0.21 0.07 Ensurge* O 2 0.04 0.04 0.04 unch 0.00 0.09 0.02 Entree Res* X 359 0.41 0.35 0.35 - 0.05 0.48 0.33 0.42 Entree Res T 403 0.53 0.49 0.49 - 0.04 0.61 ePower Metals* O 2 0.14 0.14 0.14 unch 0.00 0.23 0.12 ePower Metals V 282 0.19 0.17 0.17 - 0.02 0.44 0.14 Equinox Gold V 3171 1.29 1.14 1.25 + 0.09 1.23 0.85 0.02 Equitorial Ex V 814 0.04 0.04 0.04 - 0.01 0.11 Equitorial Ex* O 80 0.02 0.02 0.02 unch 0.00 0.08 0.02 Erdene Res Dev* O 133 0.17 0.15 0.17 + 0.01 0.40 0.14 230 0.22 0.21 0.22 + 0.01 0.53 0.18 Erdene Res Dev T Erin Ventures* O 20 0.11 0.09 0.09 - 0.02 0.22 0.08 Erin Ventures V 225 0.16 0.13 0.13 - 0.03 0.30 0.09 Ero Copper T 1178 17.70 15.95 16.78 - 0.28 17.70 7.23 12 13.06 0.00 12.52 + 0.26 13.06 5.77 Ero Copper* O Eros Res Corp* O 125 0.06 0.06 0.06 unch 0.00 0.10 0.05 Eros Res Corp V 115 0.09 0.00 0.08 + 0.01 0.14 0.07 Eros Res Corp V 115 0.09 0.00 0.08 + 0.01 0.14 0.07 0.07 Eskay Mng V 65 0.08 0.08 0.08 - 0.01 0.38 Essex Minerals V 250 0.05 0.05 0.05 unch 0.00 0.20 0.03 Ethos Gold* O 8 0.16 0.15 0.15 + 0.00 0.25 0.09 Ethos Gold V 94 0.22 0.18 0.18 - 0.03 0.34 0.12 Etruscus Res 60 0.32 0.24 0.30 + 0.05 0.45 0.25 V 541 0.28 0.25 0.25 - 0.03 0.44 0.15 Euro Manganese Euro Sun Mg* O 88 0.23 0.17 0.23 + 0.05 1.40 0.17 Euro Sun Mg T 1052 0.32 0.24 0.27 + 0.04 1.82 0.23 O 25 0.06 0.06 0.06 unch 0.00 0.19 0.01 EurOmax Res* EurOmax Res T 65 0.09 0.08 0.08 unch 0.00 0.26 0.02 European Elect* O 99 0.09 0.08 0.08 - 0.01 0.61 0.08 European Elect V 128 0.12 0.11 0.11 - 0.01 0.65 0.11 O 700 0.00 0.00 0.00 unch 0.00 0.01 0.00 European Metal* Eurotin V 157 0.03 0.03 0.03 unch 0.00 0.13 0.01 Everton Res* O 3 0.02 0.02 0.02 unch 0.00 0.05 0.02 Everton Res V 458 0.04 0.03 0.03 - 0.01 0.06 0.02 O 1 0.05 0.00 0.05 unch 0.00 0.13 0.05 Evolving Gold* Evrim Res V 705 0.34 0.30 0.33 + 0.03 1.70 0.27 Excellon Res T 364 1.10 0.94 1.00 - 0.03 Excellon Res* O 226 0.83 0.70 0.75 - 0.03 1.33 0.44 O 367 0.85 0.73 0.79 + 0.06 1.21 0.53 Excelsior Mng* Excelsior Mng T 831 1.14 0.96 1.07 + 0.11 1.50 0.71 ExGen Res Inc V 261 0.02 0.02 0.02 unch 0.00 0.03 0.01 Explor Res* O 54 0.03 0.02 0.03 + 0.00 0.04 0.01 0.02 Explor Res V 950 0.04 0.03 0.04 + 0.01 0.06 Explorex Res* O 40 0.24 0.21 0.24 + 0.01 0.31 0.18 Explorex Res 95 0.32 0.26 0.32 + 0.02 0.45 0.21 Fabled Copper V 7 0.08 0.08 0.08 unch 0.00 0.09 0.04 Falco Res V 611 0.36 0.32 0.34 - 0.01 0.90 0.28 0.26 0.24 0.26 - 0.00 0.71 0.18 Falco Res * O 342 Falcon Gold V 753 0.04 0.03 0.03 - 0.01 0.06 0.03 Fancamp Expl V 286 0.10 0.08 0.09 - 0.01 0.11 0.04 Far Res 2971 0.13 0.11 0.12 - 0.01 0.52 0.06 0.04 Far Res* O 71 0.09 0.00 0.09 - 0.01 0.88 Fengro Industr V 53 0.03 0.03 0.03 unch 0.00 0.26 0.03 Fidelity Min V 2150 0.08 0.06 0.08 + 0.01 0.10 0.03 unch 0.00 0.06 0.01 Fidelity Min* O 1 0.04 0.04 0.04 Filo Mg Corp * O 1 1.55 0.00 1.55 unch 0.00 1.65 1.55 Filo Mg Corp V 51 2.31 2.20 2.30 + 0.10 2.50 2.00 Finlay Minrls V 310 0.05 0.05 0.05 + 0.01 0.06 0.02 0.16 Fiore Gold* O 222 0.26 0.22 0.26 + 0.00 0.56 Fiore Gold V 277 0.35 0.31 0.35 + 0.01 0.73 0.21 Fire River Gol* O 1 0.10 0.00 0.09 - 0.01 2.41 0.00 Firebird Res V 224 0.03 0.02 0.03 unch 0.00 0.05 0.02 0.20 FireFox Gold V 124 0.30 0.20 0.30 + 0.05 0.39 Firestone Vent V 14 0.06 0.06 0.06 + 0.01 0.16 0.04 Fireweed Zinc V 42 0.96 0.90 0.93 - 0.01 2.14 0.74 Fireweed Zinc* O 12 0.71 0.68 0.68 - 0.02 1.67 0.54 O 24 0.02 0.01 0.02 - 0.00 0.10 0.01 Firma Holdings* First Cobalt * O 785 0.15 0.13 0.13 - 0.02 0.91 0.11 First Cobalt V 1796 0.21 0.18 0.18 - 0.02 1.18 0.15 First Colombia* O 8010 0.00 0.00 0.00 unch 0.00 0.00 0.00 First Division 50 0.35 0.35 0.35 unch 0.00 0.40 0.15 unch 0.00 0.43 0.10 First Energy V 3 0.15 0.15 0.15 First Energy* O 10 0.08 0.00 0.08 unch 0.00 0.32 0.08 First Majestic* N 16488 6.79 6.12 6.78 + 0.43 8.48 4.59 First Majestic T 3118 9.11 8.15 9.08 + 0.64 11.09 6.12 unch 0.00 0.07 0.01 First Mexican V 150 0.02 0.02 0.02 First Mg Fin T 1320 0.37 0.33 0.36 - 0.01 0.55 0.21 First Mg Fin * O 1186 0.29 0.25 0.27 - 0.00 0.44 0.16 0.06 First Point* O 18 0.12 0.12 0.12 - 0.00 0.13 First Quantum T 12887 15.58 13.87 14.04 - 1.15 23.05 9.45 First Vanadium V 1667 1.08 0.74 0.74 - 0.08 1.96 0.31 First Vanadium* O 708 0.81 0.54 0.55 - 0.07 1.60 0.25 V 1310 0.11 0.10 0.11 - 0.01 0.30 0.08 Fission 3.0 Fission 3.0* O 50 0.09 0.07 0.07 - 0.01 0.22 0.02 Fission Uran* O 724 0.40 0.35 0.35 - 0.03 0.65 0.35 Fission Uran T 1832 0.52 0.47 0.47 - 0.05 0.80 0.48 32 0.08 0.07 0.08 + 0.02 0.21 0.05 Five Star Diam V Fjordland Exp* O 89 0.06 0.04 0.04 - 0.01 0.24 0.06 Fjordland Exp V 70 0.09 0.07 0.08 unch 0.00 0.33 0.08 Flowery Gold* O 19 0.15 0.14 0.15 unch 0.00 0.30 0.10 O 1729 0.03 0.02 0.03 + 0.00 0.05 0.01 Focus Graphite* Focus Graphite V 1867 0.04 0.03 0.04 unch 0.00 0.07 0.02 Foran Mng V 51 0.33 0.00 0.30 - 0.05 0.59 0.23 Forsys Metals T 255 0.23 0.20 0.20 - 0.02 0.32 0.09 Fort St J Nick V 98 0.22 0.18 0.20 + 0.02 0.58 0.12 1 0.16 0.16 0.16 unch 0.00 0.23 0.12 Fort St James* O Fortescue Met* O 18 4.60 4.44 4.55 - 0.11 4.73 2.53 Fortuna Silvr T 4054 4.87 4.45 4.71 - 0.18 7.78 4.22 Fortuna Silvr* N 6176 3.66 3.31 3.52 - 0.16 6.08 3.16 unch 0.00 0.41 0.19 Fortune Bay V 1 0.00 0.00 0.25 Fortune Bay* O 1 0.17 0.00 0.17 - 0.01 0.32 0.10 Fortune Mnrls* O 515 0.11 0.08 0.09 + 0.01 0.23 0.05 0.07 Fortune Mnrls T 3470 0.16 0.11 0.13 + 0.01 0.30 Forum Energy V 481 0.04 0.03 0.04 + 0.01 0.09 0.03 Forum Energy* O 17 0.03 0.02 0.02 - 0.01 0.05 0.02 Four Nines 12 0.26 0.25 0.25 - 0.01 0.80 0.10 72 0.10 0.06 0.07 - 0.01 0.10 0.05 Fox River Res Fox River Res* O 0 0.00 0.00 0.04 unch 0.00 0.05 0.04 FPX Nickel V 149 0.17 0.15 0.17 unch 0.00 0.18 0.08 Franco-Nevada* N 2502 77.41 73.37 77.19 + 2.74 77.92 58.26 Franco-Nevada T 2868 103.81 97.74 103.50 + 4.51 103.23 76.53 Franklin Mng* O 187 0.00 0.00 0.00 + 0.00 0.00 0.00 Freedom Egy V 620 0.02 0.02 0.02 - 0.01 0.09 0.02 Freegold Vent T 1782 0.07 0.06 0.07 + 0.01 0.13 0.06 N 78551 12.91 11.78 12.09 - 0.78 19.70 9.60 Freeport McMoR* Freeport Res V 84 0.10 0.00 0.10 unch 0.00 0.10 0.05 Fremont Gold V 172 0.15 0.14 0.14 - 0.01 0.22 0.09 Fremont Gold* O 70 0.11 0.11 0.11 - 0.01 0.18 0.07 16 10.72 0.00 10.26 - 0.70 18.87 9.35 Fresnillo plc* O Frontier Lith V 87 0.40 0.38 0.38 - 0.03 0.70 0.30 Frontline Gold V 720 0.02 0.01 0.01 unch 0.00 0.02 0.01 Fura Gems V 462 0.40 0.35 0.39 + 0.03 0.68 0.28 0.20 Fura Gems* O 11 0.29 0.00 0.29 + 0.02 0.54 Fusion Gold V 3 0.14 0.14 0.14 unch 0.00 0.30 0.11

G-H Gabriel Res V 61 Gabriel Res* O 47 Gainey Capital V 2587 Galane Gold V 184 Galane Gold * O 17 Galantas Gold* O 80 Galantas Gold V 600 Galore Res V 473 Galway Gold * O 25 Galway Gold V 37 Galway Mtls* O 132 Galway Mtls V 1120 GAR Limited 1451 Garibaldi Res V 633 76 Garibaldi Res * O Gatling Explor V 1696 Gatling Explor* O 116 General Moly T 5 X 498 General Moly*

0.43 0.38 0.42 + 0.03 0.45 0.29 0.33 0.29 0.31 + 0.02 0.33 0.20 0.15 0.10 0.14 + 0.04 0.15 0.04 0.05 0.05 0.05 unch 0.00 0.07 0.04 0.04 0.04 0.04 + 0.00 0.06 0.03 0.06 0.06 0.06 unch 0.00 0.10 0.06 0.10 0.08 0.09 - 0.01 0.15 0.07 0.02 0.00 0.02 + 0.01 0.05 0.01 0.09 0.09 0.09 unch 0.00 0.12 0.07 0.12 0.12 0.12 unch 0.00 0.32 0.10 0.30 0.25 0.27 + 0.01 0.30 0.10 0.40 0.33 0.36 unch 0.00 0.44 0.13 0.11 0.10 0.10 - 0.01 0.65 0.07 1.10 0.96 1.00 - 0.07 3.60 0.86 0.80 0.72 0.73 - 0.08 2.82 0.65 0.46 0.35 0.43 + 0.07 0.58 0.13 0.34 0.27 0.33 + 0.07 0.34 0.21 0.37 0.35 0.36 + 0.01 0.63 0.22 0.29 0.26 0.26 - 0.01 0.46 0.16

20-23_MARCH18_StockTables.indd 21

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Generation Min 216 Genesis Mtls* O 469 Genesis Mtls V 382 Genius Metals 75 Gensource Pot V 337 Gentor Res V 123 Gentor Res* O 6 Geomega Res* O 13 Geomega Res V 102 Gespeg Cop Res V 135 Getchell Gold * O 70 Getchell Gold 42 Getty Copper V 45 V 325 GFG Resources GFG Resources* O 169 GGL Res V 7 GGX Gold V 964 GGX Gold* O 11 Giga Metals V 176 Giga Metals* O 299 Gitennes Expl V 830 Giyani Gold V 1140 Giyani Gold* O 148 Glacier Lake V 34 Gldn Predator* O 187 Gldn Predator V 741 Glen Eagle Res V 145 Glencore Plc* O 881 Global Atomic V 637 O 142 Global Atomic* Global Energy* O 12 Global Energy V 203 Global Gold* O 0 Global Li-Ion* O 14 Global Li-Ion 647 Global Vanad V 78 GlobalMin Vent* O 1 Globex Mng* O 49 Globex Mng T 179 GMV Minerals* O 20 GMV Minerals V 53 O 354322 GNCC Capital* Go Cobalt* O 28 Go Cobalt 434 GobiMin V 10 6 God’s Lake Res GoGold Res T 220 Gold Dynamics* O 146 Gold Fields* N 27945 0 Gold Finder Ex* O Gold Finder Ex V 312 Gold Lakes* O 28 Gold Reserve* O 85 Gold Reserve V 31 Gold Resource* X 3781 Gold Rush Cari V 1522 Gold Std Vents T 266 Gold Std Vents* X 750 Goldbank Mng V 1 Goldcliff Res* O 0 Goldcliff Res V 80 Goldcorp T 23178 Goldcorp* N 135630 Golden Arrow V 263 Golden Arrow* O 210 O 30 Golden Band* Golden Cariboo V 16 Golden Dawn Ml V 241 Golden Dawn Ml* O 9 O 127 Golden Goliath* Golden Goliath V 190 Golden Harp V 2 Golden Hope V 106 O 7 Golden Hope* Golden Mnls* X 1693 Golden Mnls T 60 Golden Pursuit V 122 T 1480 Golden Queen Golden Queen* O 2440 Golden Ridge V 2583 Golden Secret V 80 Golden Share V 57 Golden Star* X 1123 Golden Star T 156 Golden Star* O 2 Golden Tag V 21 Golden Valley* O 219 Golden Valley V 239 Goldex Res* O 50 Goldex Res V 126 Goldgroup Mng T 66 Goldgroup Mng* O 247 GoldMining* O 635 GoldMining T 516 GoldON Res V 350 Goldplay Expl* O 54 Goldplay Expl V 654 V 522 GoldQuest Mng Goldrea Res 119 Goldrea Res* O 100 Goldrich Mng* O 171 O 379 Goldsource Min* Goldsource Min V 3359 Goldstar Mnls V 322 Goldstream Mnl V 2815 V 424 Goldstrike Res GoldTrain Res 229 Goliath Res V 683 Goliath Res* O 35 Gossan Res V 30 GoviEx Uranium* O 679 GoviEx Uranium V 1139 Gowest Gold* O 443 Gowest Gold V 263 GPM Metals V 160 Gran Colombia* O 175 Gran Colombia T 1233 Granada Gold V 350 Granada Gold* O 4 Grande Portage V 341 Grande Portage* O 93 Granite Creek V 12 Graphite Egy* O 233 Graphite Egy 315 Graphite One* O 832 Graphite One V 923 Gratomic V 3237 Gratomic* O 22 Gray Rock Res V 40 Great Atlantic V 291 Great Bear Res V 755 Great Bear Res* O 191 Great Lakes Gr* O 840 281 Great Lakes Gr V Great Panther T 409 Great Panther* X 2544 Great Thunder V 409 V 20 Greatbanks Re Greatbanks Res* O 0 Green River 165 Green Swan Cap V 152 74 Green Valley M V Greencastle Rs V 39 Greenland M&En* O 418 Grenville Gold 5 O 0 Grenville Gold* Grid Metals* O 79 Grid Metals V 158 Grizzly Discvr* O 292 Grizzly Discvr V 50 Grosvenor Res V 8 Group Eleven V 112 Group Ten Mtls* O 752 Group Ten Mtls V 1040 GrowMax Res* O 193 GrowMax Res V 1582 GSP Resource V 230 GT Gold V 993 GT Gold * O 38 Guerrero Vents V 170 Gungnir Res V 224 Gungnir Res* O 122 Gunpoint Expl V 5 Guyana Gldflds T 1471 Guyana Goldstr V 59 O 26 Guyana Goldstr* Handa Mining V 1 Handa Mining* O 1 Handeni Gold* O 0 V 206 Hannan Metals Hannan Metals* O 30 Happy Ck Mnrls V 119 Harfang Explor V 70 N 19902 Harmony Gold*

0.17 0.12 0.15 + 0.03 0.20 0.08 0.06 0.05 0.05 - 0.01 0.09 0.04 0.08 0.07 0.08 - 0.01 0.12 0.05 0.20 0.18 0.18 - 0.01 0.25 0.12 0.11 0.10 0.10 + 0.01 0.16 0.08 0.05 0.05 0.05 unch 0.00 0.12 0.05 0.05 0.05 0.05 unch 0.00 0.05 0.05 0.08 0.08 0.08 + 0.01 0.12 0.05 0.09 0.00 0.09 - 0.01 0.20 0.07 0.04 0.03 0.03 unch 0.00 0.05 0.02 0.15 0.14 0.15 unch 0.00 0.15 0.14 0.20 0.00 0.20 + 0.07 3.60 0.13 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.23 0.20 0.23 + 0.03 0.39 0.17 0.18 0.15 0.18 + 0.01 0.31 0.14 0.09 0.00 0.09 + 0.01 0.16 0.07 0.11 0.10 0.11 unch 0.00 0.15 0.05 0.08 0.08 0.08 - 0.00 0.11 0.04 0.27 0.24 0.24 - 0.02 0.40 0.15 0.21 0.18 0.19 + 0.00 0.30 0.12 0.03 0.02 0.03 unch 0.00 0.10 0.03 0.19 0.13 0.15 + 0.02 0.40 0.07 0.14 0.11 0.14 + 0.04 0.31 0.06 0.13 0.00 0.13 - 0.01 1.00 0.10 0.18 0.16 0.16 - 0.02 0.54 0.15 0.24 0.21 0.22 - 0.02 0.69 0.20 0.13 0.12 0.12 unch 0.00 0.18 0.11 8.11 7.61 7.69 - 0.30 10.76 6.72 0.40 0.35 0.40 + 0.03 0.45 0.20 0.30 0.26 0.30 + 0.04 0.31 0.16 0.04 0.04 0.04 - 0.00 0.14 0.03 0.05 0.04 0.04 - 0.01 0.18 0.04 0.00 0.00 1.30 unch 0.00 2.75 1.30 0.18 0.15 0.15 - 0.03 0.37 0.04 0.24 0.21 0.22 - 0.01 0.50 0.06 0.24 0.24 0.24 unch 0.00 0.28 0.16 0.80 0.80 0.80 unch 0.00 140.00 0.55 0.23 0.21 0.23 + 0.00 0.37 0.19 0.33 0.29 0.30 + 0.02 0.49 0.25 0.11 0.11 0.11 unch 0.00 0.23 0.07 0.15 0.12 0.15 + 0.01 0.32 0.07 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.18 0.13 0.13 unch 0.00 0.26 0.12 0.18 0.00 0.18 unch 0.00 0.38 0.07 0.27 0.24 0.24 - 0.03 0.40 0.20 2.38 2.28 2.38 + 0.10 2.30 0.22 0.27 0.26 0.27 + 0.01 0.53 0.19 0.00 0.00 0.00 + 0.00 0.01 0.00 3.93 3.69 3.90 - 0.02 4.45 2.20 0.00 0.00 0.07 unch 0.00 0.62 0.04 0.09 0.08 0.09 + 0.01 0.87 0.06 0.04 0.01 0.01 - 0.03 0.10 0.00 2.70 2.42 2.68 + 0.23 3.02 1.84 3.64 3.13 3.60 + 0.22 3.87 2.50 4.30 3.81 4.01 - 0.30 7.33 3.61 0.12 0.07 0.11 + 0.04 0.27 0.05 1.58 1.48 1.58 + 0.05 2.40 1.46 1.18 1.10 1.18 + 0.02 1.86 1.08 0.14 0.00 0.14 - 0.01 0.21 0.07 0.00 0.00 0.05 unch 0.00 0.14 0.03 0.08 0.08 0.08 + 0.01 0.18 0.05 14.78 13.99 14.38 + 0.35 18.78 11.00 11.08 10.53 10.72 + 0.17 14.66 8.42 0.32 0.30 0.31 unch 0.00 0.63 0.22 0.25 0.22 0.24 + 0.01 0.49 0.17 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.00 0.05 unch 0.00 0.11 0.03 0.06 0.06 0.06 - 0.01 0.46 0.02 0.05 0.05 0.05 unch 0.00 0.31 0.02 0.03 0.01 0.01 - 0.01 0.04 0.00 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.07 0.00 0.07 - 0.04 0.20 0.06 0.06 0.05 0.06 + 0.01 0.11 0.05 0.04 0.04 0.04 unch 0.00 0.09 0.03 0.32 0.23 0.29 + 0.01 0.47 0.19 0.45 0.33 0.39 + 0.01 0.60 0.26 0.09 0.07 0.08 - 0.01 0.21 0.06 0.06 0.04 0.04 - 0.01 0.24 0.03 0.04 0.03 0.03 - 0.01 0.18 0.02 0.16 0.12 0.14 + 0.03 0.54 0.08 1.90 1.70 1.82 + 0.04 3.20 1.40 0.11 0.09 0.11 + 0.02 0.26 0.09 3.64 3.22 3.49 - 0.18 4.18 2.43 4.86 4.33 4.64 - 0.21 5.54 3.24 1.05 1.05 1.05 unch 0.00 1.11 1.05 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.27 0.26 0.26 - 0.00 0.30 0.16 0.36 0.34 0.34 - 0.01 0.39 0.22 0.08 0.08 0.08 unch 0.00 1.96 0.08 0.12 0.10 0.11 + 0.01 2.56 0.08 0.05 0.05 0.05 - 0.01 0.09 0.04 0.04 0.04 0.04 + 0.00 0.07 0.03 0.76 0.69 0.75 + 0.04 1.00 0.52 1.02 0.92 1.02 + 0.06 1.27 0.71 0.23 0.00 0.20 + 0.01 0.23 0.12 0.18 0.15 0.15 - 0.01 0.22 0.12 0.24 0.20 0.21 - 0.02 0.32 0.14 0.12 0.11 0.11 - 0.01 0.30 0.09 0.06 0.06 0.06 unch 0.00 0.29 0.04 0.05 0.05 0.05 + 0.01 0.22 0.03 0.02 0.02 0.02 - 0.01 0.04 0.02 0.13 0.09 0.10 - 0.03 0.14 0.02 0.18 0.12 0.14 - 0.05 0.19 0.04 0.05 0.03 0.04 + 0.02 0.12 0.03 0.07 0.05 0.05 - 0.01 0.18 0.04 0.06 0.05 0.05 - 0.01 0.25 0.05 0.16 0.13 0.14 - 0.04 0.40 0.11 0.07 0.06 0.06 - 0.01 0.33 0.06 0.05 0.04 0.04 - 0.02 0.21 0.04 0.09 0.08 0.08 - 0.01 0.12 0.05 0.10 0.09 0.10 - 0.01 0.20 0.09 0.14 0.12 0.13 - 0.01 0.26 0.12 0.03 0.03 0.03 + 0.01 0.10 0.02 0.04 0.03 0.03 - 0.01 0.12 0.03 0.04 0.04 0.04 unch 0.00 0.07 0.03 3.10 2.58 2.74 + 0.05 3.44 1.57 4.15 3.41 3.65 + 0.08 4.67 2.02 0.16 0.13 0.14 - 0.02 0.30 0.12 0.12 0.11 0.11 - 0.00 0.24 0.10 0.11 0.08 0.11 + 0.02 0.34 0.08 0.08 0.06 0.07 - 0.00 0.25 0.06 0.19 0.00 0.19 + 0.03 0.23 0.09 0.06 0.04 0.04 - 0.00 1.56 0.01 0.07 0.04 0.05 - 0.01 1.76 0.02 0.03 0.02 0.03 - 0.01 0.07 0.02 0.04 0.03 0.03 - 0.01 0.10 0.03 0.09 0.08 0.08 - 0.01 0.21 0.07 0.06 0.05 0.06 + 0.01 0.15 0.05 0.07 0.07 0.07 - 0.01 0.23 0.05 0.06 0.05 0.05 unch 0.00 0.15 0.04 3.75 3.26 3.40 - 0.12 4.08 0.42 2.79 2.45 2.56 - 0.08 3.09 0.34 0.10 0.03 0.04 + 0.00 0.08 0.01 0.04 0.04 0.04 unch 0.00 0.06 0.02 1.26 1.12 1.22 + 0.05 1.68 0.70 0.94 0.84 0.91 + 0.02 1.32 0.54 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.11 0.00 0.11 + 0.01 0.35 0.04 0.00 0.00 0.01 unch 0.00 0.01 0.01 0.07 0.06 0.07 + 0.01 0.07 0.03 0.03 0.00 0.03 - 0.01 0.07 0.02 0.05 0.00 0.23 + 0.18 2.50 0.23 0.09 0.07 0.09 + 0.01 0.13 0.05 0.05 0.04 0.04 - 0.00 0.08 0.04 0.16 0.16 0.16 - 0.06 0.70 0.12 0.12 0.12 0.12 unch 0.00 0.12 0.06 0.07 0.07 0.07 - 0.00 0.19 0.04 0.11 0.10 0.11 + 0.01 0.27 0.05 0.05 0.04 0.05 + 0.01 0.11 0.03 0.06 0.06 0.06 unch 0.00 0.15 0.05 0.12 0.12 0.12 unch 0.00 0.20 0.11 0.13 0.10 0.12 - 0.01 0.25 0.10 0.16 0.11 0.13 - 0.02 0.19 0.09 0.21 0.16 0.17 - 0.02 0.26 0.12 0.07 0.06 0.07 + 0.01 0.12 0.05 0.11 0.08 0.10 + 0.02 0.16 0.07 0.24 0.17 0.17 - 0.01 0.26 0.16 0.73 0.66 0.73 + 0.02 2.15 0.41 0.55 0.50 0.54 + 0.03 1.62 0.31 0.08 0.07 0.08 + 0.01 0.20 0.06 0.08 0.08 0.08 - 0.01 0.39 0.07 0.06 0.06 0.06 + 0.00 0.29 0.05 0.43 0.00 0.43 - 0.01 0.55 0.16 1.47 1.35 1.43 - 0.05 5.42 1.24 0.20 0.20 0.20 - 0.01 0.39 0.17 0.16 0.14 0.14 - 0.02 0.28 0.13 0.00 0.00 0.04 unch 0.00 0.08 0.03 0.00 0.00 0.01 unch 0.00 0.06 0.01 0.00 0.00 0.02 unch 0.00 0.11 0.02 0.15 0.10 0.10 - 0.05 0.28 0.05 0.11 0.07 0.09 - 0.02 0.22 0.04 0.16 0.14 0.14 - 0.02 0.23 0.13 0.20 0.20 0.20 unch 0.00 0.30 0.18 2.07 1.83 2.04 + 0.04 2.53 1.43

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Harte Gold* O 1725 Harte Gold T 1714 Harvest Gold* O 404 Harvest Gold V 844 Havilah Mining V 66 Havilah Mining* O 31 V 508 Hawkeye Gld&Di Heatherdale Rs V 58 Hecla Mining* N 34198 Helio Res V 51 Helio Res* O 51 Hemcare Health* O 83 HFX Holding V 21 Highbank Res V 331 V 181 Highland Copp Highland Copp* O 63 Highway 50 Gld* O 1200 Highway 50 Gld V 141 HiHo Silver 188 Hinterland Mtl V 92 Hochschild Mg* O 1 Homeland Egy* O 201 79 Honey Badger E* O Honey Badger E V 928 Horizonte Mnls T 442 Hornby Bay Mnl* O 13 Hornby Bay Mnl V 17 HudBay Min* N 4519 HudBay Min T 7857 Hudson Res V 142 Hudson Res* O 48 Hunt Mng* O 54 Hunt Mng V 50 Hut 8 Mining V 91 Hut 8 Mining* O 69 V 80 Hybrid Mineral Hycroft Mg* O 1

0.28 0.26 0.26 - 0.02 0.38 0.22 0.36 0.34 0.35 - 0.01 0.55 0.29 0.03 0.02 0.03 - 0.00 0.08 0.02 0.03 0.03 0.03 - 0.01 0.10 0.03 0.36 0.00 0.31 - 0.05 0.69 0.25 0.26 0.00 0.23 - 0.04 0.35 0.18 0.04 0.03 0.03 - 0.01 0.11 0.03 0.03 0.00 0.03 - 0.01 0.06 0.02 2.40 2.17 2.30 + 0.01 4.15 2.17 0.08 0.08 0.08 + 0.01 0.17 0.06 0.05 0.05 0.05 + 0.00 0.10 0.04 1.14 0.87 1.13 + 0.14 1.38 0.05 0.05 0.05 0.05 unch 0.00 0.10 0.05 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.08 0.00 0.07 - 0.01 0.16 0.06 0.06 0.05 0.06 - 0.00 0.12 0.04 0.11 0.10 0.10 unch 0.00 0.37 0.10 0.19 0.17 0.18 + 0.01 0.48 0.14 0.04 0.03 0.04 + 0.01 0.14 0.02 0.02 0.01 0.01 - 0.01 0.04 0.01 2.70 2.55 2.55 - 0.15 2.98 1.96 2.75 2.27 2.52 - 0.20 3.21 0.18 0.03 0.03 0.03 unch 0.00 0.16 0.02 0.04 0.03 0.04 + 0.01 0.20 0.03 0.04 0.03 0.04 unch 0.00 0.09 0.03 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.02 0.02 0.02 unch 0.00 0.08 0.02 7.22 6.40 6.61 - 0.20 8.08 3.44 9.63 8.60 8.87 - 0.21 10.40 4.51 0.44 0.41 0.42 - 0.03 0.58 0.35 0.32 0.31 0.31 - 0.01 0.46 0.27 0.12 0.09 0.12 - 0.00 0.38 0.09 0.13 0.13 0.13 + 0.01 0.48 0.10 1.39 1.23 1.30 + 0.01 5.00 1.06 1.03 0.92 0.94 - 0.03 3.74 0.85 0.11 0.10 0.11 + 0.01 0.54 0.06 0.02 0.02 0.02 unch 0.00 0.13 0.01

I-Minerals V 291 I-Minerals* O 11 37739 IAMGOLD* N IAMGOLD T 10868 Icon Explor* O 71 Iconic Mnls * O 165 Iconic Mnls V 463 IDM Mining* O 238 IDM Mining V 12665 IEMR Res V 191 iMetal Res V 4042 iMetal Res* O 39 IMPACT Silver V 324 Impala Platnm* O 7 T 280 Imperial Metal Imperial Metal* O 15 Imperial Mg Gr V 215 Inca One Gold* O 80 284 Inca One Gold V Inception Mng * O 34 Independence G* O 41 Independence G V 230 Indico Res V 997 Indigo Expl V 293 Infinite Lith* O 16 Infinite Lith V 264 Inform Res V 60 Inomin Mines V 413 Inspiration Mg* O 0 Intact Gold V 30 Integra Res* O 52 Integra Res V 207 Inter-Rock Mnl* O 325 Inter-Rock Mnl V 4 Intercontinent V 28 Intercontinent* O 16 Intgr Egy Sol* O 10055 Intl Battery* O 125 Intl Battery 59 Intl Bethl Mng V 158 Intl Cobalt* O 1363 Intl Cobalt 949 Intl Lithium* O 56 Intl Lithium V 51 Intl Montoro* O 27 Intl Montoro V 245 1 Intl Prospect * O Intl Prospect V 3 Intl Samuel Ex V 419 Intl Star* O 160595 Intl Tower Hil* X 496 Intl Tower Hil T 13 Intl Zeolite V 308 Intl Zeolite* O 85 Intrepid Pots* N 2096 INV Metals* O 19 INV Metals T 20 Inventus Mg * O 22 Inventus Mg V 48 InZinc Mining V 290 InZinc Mining* O 53 Ireland* O 285 Irving Res* O 153 Irving Res 265 IsoEnergy Ltd V 283 Itafos* O 17 V 66 Itafos Itoco Inc* O 1 Ivanhoe Mines* O 446 Ivanhoe Mines T 4869 Jade Leader* O 30 Jade Leader V 0 Jaeger Res V 132 Jaguar Mng* O 54 Jaguar Mng T 223 Japan Gold V 548 Japan Gold* O 97 Jasper Mining V 15 O 96 Jaxon Mining* Jaxon Mining V 185 Jayden Res V 75 Jayden Res* O 2 Jazz Res V 66 Jiulian Res V 573 Jourdan Res V 2950 Jubilee Metals* O 2 V 1649 Juggernaut Exp Juggernaut Exp* O 70 Jupiter Gold* O 1 K2 Gold V 166 K92 Mining* O 1095 K92 Mining V 3078 Kaizen Discov V 296 Kaizen Discvry* O 0 Kal Minerals 1 Kapuskasing Gd V 415 Karmin Expl V 27 Karnalyte Res T 43 Karoo Expl V 78 KAT Expl* O 223372 Katanga Mng T 599 Kenadyr Mining V 447 Kenadyr Mining* O 55 Kermode Res V 84 Kerr Mines* O 239 Kerr Mines T 374 O 0 Kesselrun Res* Kesselrun Res V 265 Kestrel Gold V 574 Kilo Goldmines V 160 O 100 Kilo Goldmines* Kincora Copper* O 8 Kincora Copper V 183 Kings Bay Res V 75 V 167 Kingsmen Res Kingsmen Res* O 29 Kinross Gold T 21752 Kinross Gold* N 65268 Kintavar Exp V 284 Kirkland Lake* N 8117 Kirkland Lake T 5436 Klondike Gold* O 59 V 188 Klondike Gold Klondike Silv* O 16 Klondike Silv V 514 Knick Expl V 501 V 969 Kombat Copper Kombat Copper* O 5 Komet Resource V 239 Kootenay Silvr* O 45 V 496 Kootenay Silvr Kootenay Zinc 55 Kootenay Zinc* O 25 KOPR Point 50

0.09 0.08 0.08 - 0.02 0.34 0.08 0.06 0.06 0.06 + 0.00 0.26 0.06 3.64 3.10 3.63 + 0.47 6.33 2.75 4.87 4.13 4.85 + 0.62 8.20 3.64 0.21 0.00 0.12 - 0.08 0.30 0.12 0.11 0.09 0.09 - 0.01 0.14 0.06 0.15 0.13 0.13 unch 0.00 0.19 0.08 0.05 0.04 0.04 - 0.01 0.08 0.03 0.06 0.05 0.05 - 0.01 0.09 0.04 0.02 0.01 0.01 - 0.01 0.04 0.01 0.18 0.12 0.13 - 0.01 0.19 0.07 0.12 0.10 0.10 - 0.02 0.14 0.05 0.36 0.32 0.36 + 0.03 0.56 0.20 0.00 0.00 1.82 unch 0.00 2.18 1.15 2.17 1.84 1.98 unch 0.00 2.49 0.93 1.57 1.43 1.49 + 0.03 1.87 0.72 0.09 0.08 0.08 unch 0.00 0.16 0.05 0.04 0.04 0.04 - 0.00 0.06 0.02 0.05 0.05 0.05 + 0.01 0.08 0.04 0.19 0.00 0.18 + 0.01 0.27 0.00 0.06 0.05 0.05 + 0.00 0.09 0.03 0.09 0.07 0.08 unch 0.00 0.13 0.04 0.01 0.00 0.01 unch 0.00 0.02 0.01 0.02 0.01 0.02 unch 0.00 0.04 0.01 0.07 0.00 0.05 - 0.00 0.15 0.05 0.09 0.06 0.08 - 0.01 0.21 0.06 0.06 0.06 0.06 unch 0.00 0.20 0.06 0.04 0.03 0.04 + 0.01 0.15 0.03 0.00 0.00 0.00 unch 0.00 0.09 0.00 0.07 0.00 0.07 unch 0.00 1.18 0.06 0.65 0.61 0.64 - 0.01 1.83 0.44 0.87 0.81 0.85 + 0.01 1.14 0.61 0.18 0.18 0.18 unch 0.00 0.35 0.18 0.26 0.26 0.26 - 0.04 0.59 0.20 0.24 0.19 0.24 + 0.05 0.65 0.12 0.18 0.13 0.18 + 0.04 0.47 0.13 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.15 0.12 0.13 - 0.01 0.69 0.10 0.20 0.00 0.17 - 0.02 0.89 0.13 0.07 0.06 0.06 + 0.01 0.10 0.03 0.03 0.02 0.03 + 0.00 0.22 0.02 0.04 0.03 0.04 + 0.01 0.29 0.03 0.05 0.04 0.04 unch 0.00 0.10 0.02 0.06 0.00 0.06 unch 0.00 0.13 0.03 0.05 0.05 0.05 unch 0.00 0.06 0.03 0.06 0.05 0.06 + 0.01 0.08 0.04 0.11 0.11 0.11 unch 0.00 0.25 0.10 0.18 0.18 0.18 + 0.03 0.38 0.12 0.03 0.03 0.03 unch 0.00 0.14 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.57 0.52 0.57 - 0.01 0.78 0.35 0.75 0.71 0.75 - 0.01 0.99 0.48 0.16 0.13 0.14 - 0.01 0.47 0.05 0.12 0.09 0.12 + 0.02 0.36 0.01 3.85 3.58 3.63 - 0.09 5.31 2.51 0.51 0.47 0.48 - 0.02 0.59 0.26 0.69 0.62 0.65 - 0.01 0.83 0.35 0.12 0.12 0.12 - 0.00 0.18 0.08 0.15 0.14 0.14 - 0.01 0.25 0.11 0.05 0.04 0.04 - 0.01 0.17 0.04 0.03 0.03 0.03 unch 0.00 0.14 0.02 0.20 0.12 0.18 + 0.03 0.20 0.03 1.50 1.30 1.46 + 0.12 1.50 0.70 1.98 1.74 1.95 + 0.17 1.98 0.91 0.56 0.50 0.56 + 0.03 0.57 0.28 0.57 0.52 0.52 - 0.02 2.24 0.52 0.74 0.00 0.68 - 0.05 2.85 0.67 0.14 0.00 0.14 + 0.04 0.31 0.02 2.65 2.38 2.40 - 0.19 2.77 1.50 3.51 3.20 3.23 - 0.23 3.59 2.00 0.17 0.17 0.17 unch 0.00 0.38 0.13 0.00 0.00 0.20 unch 0.00 0.50 0.19 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.16 0.00 0.15 - 0.01 0.31 0.13 0.21 0.20 0.21 - 0.01 0.40 0.18 0.27 0.23 0.27 + 0.05 0.32 0.07 0.20 0.17 0.20 + 0.03 0.24 0.06 0.08 0.08 0.08 unch 0.00 0.29 0.08 0.07 0.06 0.07 unch 0.00 0.13 0.04 0.09 0.07 0.07 - 0.02 0.17 0.05 0.02 0.00 0.01 - 0.01 0.20 0.01 0.01 0.00 0.01 + 0.00 0.12 0.00 0.04 0.03 0.03 unch 0.00 0.08 0.03 0.13 0.10 0.12 + 0.02 0.18 0.02 0.04 0.03 0.03 - 0.01 0.11 0.03 0.03 0.03 0.03 unch 0.00 0.05 0.03 0.10 0.07 0.09 + 0.02 0.59 0.07 0.06 0.05 0.06 - 0.01 1.10 0.05 1.50 1.50 1.50 unch 0.00 2.25 1.50 0.25 0.25 0.25 unch 0.00 0.33 0.16 1.03 0.81 1.02 + 0.15 1.00 0.43 1.38 1.07 1.36 + 0.22 1.34 0.57 0.06 0.05 0.06 + 0.01 0.11 0.05 0.04 0.04 0.04 unch 0.00 0.08 0.03 0.12 0.12 0.12 unch 0.00 0.20 0.12 0.02 0.01 0.01 unch 0.00 0.04 0.01 0.71 0.00 0.64 - 0.07 1.10 0.60 0.25 0.20 0.24 + 0.01 0.61 0.17 0.09 0.00 0.08 - 0.01 0.80 0.06 0.00 0.00 0.00 + 0.00 0.00 0.00 0.60 0.52 0.55 - 0.04 2.12 0.36 0.09 0.00 0.09 unch 0.00 0.21 0.06 0.06 0.06 0.06 unch 0.00 0.16 0.04 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.12 0.10 0.10 - 0.02 0.19 0.07 0.16 0.13 0.14 - 0.02 0.25 0.11 0.00 0.00 0.04 unch 0.00 0.10 0.03 0.05 0.04 0.05 + 0.01 0.14 0.03 0.02 0.02 0.02 - 0.01 0.05 0.01 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.08 0.07 0.07 - 0.01 0.23 0.07 0.11 0.09 0.09 - 0.01 0.29 0.09 0.05 0.00 0.05 unch 0.00 0.10 0.03 0.56 0.46 0.52 - 0.01 0.58 0.15 0.41 0.37 0.38 - 0.01 0.43 0.11 4.52 4.16 4.50 + 0.24 5.34 3.15 3.38 3.12 3.36 + 0.15 4.12 2.38 0.24 0.21 0.21 - 0.03 0.49 0.11 35.69 32.25 34.94 - 0.33 36.74 14.56 47.88 42.91 46.88 - 0.04 48.48 19.01 0.17 0.15 0.15 + 0.01 0.34 0.10 0.22 0.20 0.20 unch 0.00 0.44 0.17 0.04 0.00 0.03 - 0.01 0.07 0.03 0.05 0.04 0.05 unch 0.00 0.09 0.04 0.01 0.01 0.01 - 0.01 0.03 0.01 0.14 0.09 0.13 + 0.05 0.32 0.05 0.08 0.08 0.08 unch 0.00 0.18 0.05 0.20 0.11 0.18 + 0.06 0.48 0.11 0.10 0.00 0.09 - 0.00 0.15 0.08 0.14 0.12 0.14 + 0.01 0.19 0.11 0.13 0.00 0.13 unch 0.00 0.37 0.05 0.12 0.09 0.09 + 0.01 0.22 0.03 0.26 0.00 0.21 - 0.06 4.10 0.01

I-J-K

(100s) Stock

Week

21

12-month

Exc Volume High Low Last Change High Low

Kore Mining V 258 Kutcho Copper * O 215 KWG Res* O 844 KWG Res 880

0.17 0.15 0.17 + 0.02 0.35 0.08 0.30 0.23 0.23 - 0.07 0.50 0.14 0.01 0.01 0.01 - 0.00 0.02 0.00 0.02 0.01 0.01 unch 0.00 0.02 0.01

La Imperial 8 Labdr Iron Mns* O 642 Labrador Gold V 236 O 3 Labrador Gold* Labrador Iron T 1065 O 2500 Lake Resources* Lara Expl V 143 Laramide Res T 592 Laredo Res* O 1465 Largo Res T 7839 Largo Res* O 2386 Latin Am Mnls V 215 Latin Am Mnls* O 21 70 Laurion Mnl Ex* O Laurion Mnl Ex V 679 95 Le Mare Gold* O Le Mare Gold V 141 Leading Edge V 98 Leading Edge* O 82 Leagold Mg* O 477 Leagold Mg T 454 Leeta Gold V 4400 Leo Res* O 5 Lepanto Con Mg* O 1214 234 Levon Res Ltd T Levon Res Ltd * O 127 O 57 Libero Copper* Libero Copper V 256 Liberty Gold* O 250 Liberty One Li V 101 Liberty One Li* O 294 LiCo Energy* O 92 LiCo Energy V 84 Lincoln Mng V 323 251 Lion One Mtls V Lion One Mtls* O 124 Lions Bay Cap V 95 Lions Bay Mg 1 Lions Bay Mg * O 1 Lithion Energy* O 10 Lithium Amer* N 2817 Lithium Amer T 1092 Lithium Chile* O 30 Lithium Chile V 206 Lithium Corp* O 224 Lithium Energi* O 8 V 116 Lithium Energi Lithium Expl* O 558 Lithoquest Dia V 231 LKA Gold* O 9 Lode-Star Mg* O 102 Lomiko Mtls* O 265 Lomiko Mtls V 1995 Loncor Res* O 4 Loncor Res T 255 Lone Star Gold* O 78 Lonmin plc* O 6 Lonmin plc* O 19 Lorraine Coppr* O 92 V 1795 Lorraine Coppr Los Andes Copp V 815 LSC Lithium* O 4 Lucara Diam T 2499 Lucky Mnls V 408 Lucky Mnls * O 569 Luckystrike * O 2 Luckystrike V 153 Lumina Gold* O 80 Lumina Gold V 114 Luminex Res V 5 Lundin Gold T 513 Lundin Mng* O 236 Lundin Mng T 17447 Lupaka Gold V 535 Lydian Intl* O 73 Lydian Intl T 589 Lynas Corp* O 83 Lynas Corp* O 74

0.04 0.04 0.04 unch 0.00 0.08 0.04 0.02 0.00 0.00 - 0.01 0.11 0.00 0.22 0.20 0.22 + 0.01 0.35 0.14 0.16 0.16 0.16 unch 0.00 0.21 0.12 33.21 29.87 30.10 - 2.72 33.81 20.44 0.06 0.06 0.06 unch 0.00 0.09 0.06 0.50 0.44 0.48 + 0.03 0.76 0.41 0.38 0.35 0.36 - 0.02 0.52 0.24 0.00 0.00 0.00 + 0.00 0.05 0.00 2.39 1.95 2.24 - 0.07 4.65 1.24 1.79 1.46 1.67 - 0.08 3.56 0.97 0.02 0.02 0.02 + 0.01 0.12 0.01 0.01 0.01 0.01 unch 0.00 0.09 0.01 0.07 0.06 0.07 + 0.01 0.08 0.03 0.10 0.08 0.09 - 0.01 0.11 0.05 0.14 0.11 0.11 - 0.01 0.30 0.00 0.18 0.14 0.14 - 0.02 0.18 0.06 0.20 0.18 0.18 - 0.02 0.82 0.15 0.16 0.14 0.14 - 0.01 0.64 0.11 1.51 1.35 1.50 + 0.01 2.63 0.95 2.03 1.81 2.02 + 0.06 3.17 1.28 0.52 0.43 0.49 - 0.01 1.76 0.24 0.10 0.06 0.10 + 0.01 0.60 0.01 0.00 0.00 0.00 + 0.00 0.01 0.00 0.13 0.00 0.13 - 0.01 0.32 0.12 0.10 0.09 0.10 - 0.01 0.25 0.09 0.09 0.09 0.09 - 0.00 0.19 0.04 0.12 0.10 0.11 unch 0.00 0.15 0.07 0.29 0.27 0.28 - 0.01 0.36 0.21 0.14 0.11 0.11 - 0.01 0.60 0.07 0.10 0.08 0.09 - 0.01 0.45 0.04 0.09 0.00 0.08 - 0.00 0.18 0.01 0.12 0.11 0.11 unch 0.00 1.30 0.07 0.02 0.01 0.02 unch 0.00 0.04 0.01 0.61 0.50 0.60 + 0.11 0.76 0.35 0.45 0.38 0.45 + 0.05 0.62 0.24 0.08 0.08 0.08 unch 0.00 0.12 0.04 0.00 0.00 0.18 unch 0.00 0.20 0.11 0.08 0.00 0.08 - 0.03 0.14 0.00 0.04 0.04 0.04 unch 0.00 0.08 0.02 4.29 3.60 4.10 + 0.37 6.87 2.75 5.78 4.79 5.44 + 0.47 8.85 3.74 0.46 0.37 0.41 + 0.05 0.97 0.34 0.60 0.49 0.57 + 0.09 1.10 0.46 0.13 0.11 0.11 - 0.02 0.45 0.10 0.13 0.13 0.13 unch 0.00 0.40 0.11 0.20 0.16 0.18 + 0.02 0.55 0.15 0.01 0.01 0.01 + 0.00 0.04 0.00 0.11 0.09 0.09 unch 0.00 0.88 0.08 0.11 0.11 0.11 unch 0.00 0.43 0.05 0.04 0.03 0.03 - 0.00 0.05 0.02 0.06 0.04 0.04 - 0.01 0.11 0.02 0.08 0.06 0.07 unch 0.00 0.11 0.04 0.05 0.05 0.05 unch 0.00 0.09 0.04 0.07 0.07 0.07 unch 0.00 0.14 0.06 2.08 0.05 1.71 - 0.41 2.12 0.05 0.93 0.90 0.93 + 0.40 0.93 0.53 1.00 0.89 0.89 - 0.09 1.01 0.45 0.19 0.16 0.16 - 0.03 0.22 0.01 0.28 0.20 0.22 - 0.03 0.29 0.07 0.21 0.19 0.19 - 0.06 0.35 0.15 0.49 0.48 0.48 - 0.01 0.97 0.24 1.68 1.63 1.67 + 0.01 2.39 1.38 0.13 0.11 0.11 - 0.02 0.21 0.09 0.10 0.08 0.08 - 0.02 0.16 0.06 0.21 0.21 0.21 unch 0.00 0.35 0.11 0.27 0.23 0.27 unch 0.00 0.55 0.13 0.48 0.42 0.44 - 0.02 1.03 0.35 0.62 0.57 0.58 - 0.03 0.85 0.46 0.62 0.00 0.62 - 0.03 1.05 0.51 5.54 5.25 5.50 + 0.10 5.90 4.33 5.20 4.58 4.62 - 0.49 7.09 3.60 7.02 6.14 6.24 - 0.55 9.09 4.70 0.12 0.07 0.10 + 0.03 0.29 0.07 0.11 0.10 0.10 - 0.00 0.38 0.05 0.15 0.13 0.14 - 0.01 0.49 0.07 1.15 1.11 1.13 - 0.05 2.20 1.05 1.16 1.08 1.13 - 0.03 2.20 1.05

L

M M.P.V. Explor 411 0.12 0.10 0.12 unch 0.00 0.30 0.06 M2 Cobalt* O 57 0.16 0.14 0.14 - 0.02 0.75 0.12 Macarthur Mnl V 2114 0.06 0.04 0.04 - 0.01 0.06 0.02 O 2695 0.04 0.04 0.04 + 0.00 0.05 0.01 Macarthur Mnl* MacDonald Mns* O 5 0.04 0.04 0.04 unch 0.00 0.07 0.02 MacDonald Mns V 1565 0.07 0.06 0.06 - 0.01 0.09 0.03 Madeira Mrnls V 85 0.04 0.02 0.02 unch 0.00 0.04 0.02 MAG Silver T 972 13.84 12.17 13.82 + 1.26 15.59 8.10 Magellan Gold* O 22 3.50 1.25 2.15 - 0.65 3.80 0.60 Magna Terra V 292 0.05 0.04 0.05 unch 0.00 0.06 0.03 Majestic Gold V 71 0.07 0.07 0.07 - 0.02 0.11 0.05 Majestic Gold* O 0 0.00 0.00 0.05 unch 0.00 0.08 0.04 Makena Res 1085 0.06 0.05 0.06 - 0.01 0.13 0.04 unch 0.00 0.08 0.03 Makena Res* O 0 0.00 0.00 0.04 Mako Mining V 195 0.16 0.15 0.15 unch 0.00 0.29 0.12 0.01 Mako Mining* O 19 0.12 0.00 0.11 + 0.01 0.23 Mammoth Res V 475 0.04 0.04 0.04 - 0.01 0.09 0.03 Mandalay Res T 1987 0.15 0.12 0.14 + 0.01 0.25 0.05 Mandalay Res* O 383 0.10 0.08 0.10 - 0.00 0.20 0.03 Manganese X* O 32 0.13 0.12 0.12 + 0.04 0.18 0.07 Manganese X V 1113 0.18 0.13 0.16 + 0.02 0.27 0.08 Mangazeya Mng V 213 0.04 0.03 0.03 - 0.01 0.05 0.02 Mangazeya Mng* O 2 0.02 0.02 0.02 unch 0.00 0.03 0.01 Manitou Gold * O 118 0.05 0.04 0.04 unch 0.00 0.09 0.03 Manitou Gold V 3145 0.07 0.05 0.06 + 0.01 0.16 0.03 Maple Gold V 596 0.11 0.09 0.10 - 0.01 0.28 0.09 Maple Gold* O 372 0.08 0.07 0.08 + 0.00 0.23 0.06 Marathon Gold* O 194 0.78 0.73 0.76 + 0.00 0.95 0.49 Marathon Gold T 647 1.04 0.98 1.03 + 0.03 1.20 0.65 Margaret Lake V 504 0.11 0.08 0.08 - 0.01 0.16 0.02 Margaux Res V 446 0.07 0.05 0.06 - 0.01 0.27 0.03 Marifil Mines V 153 0.07 0.05 0.06 unch 0.00 0.22 0.05 Marifil Mines* O 17 0.05 0.04 0.04 - 0.02 0.15 0.01 Maritime Res V 646 0.12 0.10 0.10 - 0.01 0.14 0.07 MartinMarietta* N 3024 197.90 191.23 196.43 + 3.97 232.89 150.75 Mas Gold V 300 0.12 0.10 0.12 + 0.02 0.14 0.04 Mason Graphite* O 207 0.33 0.30 0.31 - 0.01 1.60 0.28 Mason Graphite V 589 0.44 0.40 0.42 - 0.02 2.06 0.38 Matachewan Con V 3 0.17 0.17 0.17 unch 0.00 0.29 0.15 Matica Ent 2850 0.12 0.11 0.11 unch 0.00 0.39 0.07 Matica Ent* O 53 0.09 0.08 0.08 - 0.01 0.31 0.04 Matmown* O 48 0.02 0.02 0.02 - 0.00 0.08 0.01 Maverix Metals* O 77 2.02 1.77 1.99 + 0.22 2.10 1.03 V 150 2.73 2.35 2.69 + 0.36 2.85 1.33 Maverix Metals Mawson Res* O 64 0.19 0.17 0.17 - 0.01 0.47 0.13 101 0.25 0.22 0.22 - 0.01 Mawson Res T MAX Res V 10024 0.37 0.27 0.31 - 0.04 0.50 0.12 MaxTech Vent 97 0.11 0.10 0.10 - 0.01 0.60 0.10 MaxTech Vent* O 107 0.08 0.07 0.07 - 0.01 0.48 0.07 Maxwell Res* O 315 0.02 0.01 0.01 + 0.00 0.02 0.00 Maya Gold &Sil* O 21 1.79 1.74 1.74 - 0.09 2.33 1.20 Maya Gold &Sil T 19 2.40 2.30 2.36 - 0.12 3.02 1.58 Mazarin V 41 0.08 0.08 0.08 - 0.01 0.18 0.05 MBMI Res V 10 0.02 0.02 0.02 unch 0.00 0.08 0.02 McChip Res V 3 0.89 0.80 0.80 - 0.09 0.93 0.52 McEwen Mng T 1284 2.37 2.17 2.37 + 0.08 3.28 2.16 McEwen Mng* N 11926 1.78 1.61 1.76 + 0.04 2.52 1.61 McLaren Res 200 0.03 0.03 0.03 + 0.01 0.10 0.02 Meadow Bay Gd 188 0.06 0.04 0.05 + 0.01 0.26 0.03 Meadow Bay Gd* O 5 0.03 0.03 0.03 + 0.01 0.18 0.02 Mechel* N 425 2.39 2.11 2.15 - 0.22 4.92 1.95 Medallion Res* O 33 0.08 0.08 0.08 - 0.00 0.14 0.06 Medallion Res V 43 0.11 0.10 0.11 unch 0.00 0.18 0.08 Medgold Res V 137 0.15 0.12 0.12 - 0.01 0.51 0.12 Medgold Res* O 15 0.12 0.11 0.11 unch 0.00 0.38 0.09 Medinah Mnrls* O 4081 0.00 0.00 0.00 + 0.00 0.01 0.00 Mega Copper V 70 0.18 0.16 0.16 unch 0.00 0.18 0.16 Mega Uranium T 543 0.11 0.10 0.10 - 0.01 0.18 0.10 Mega Uranium* O 131 0.08 0.07 0.08 + 0.00 0.14 0.07 Megastar Dev V 33 0.06 0.06 0.06 + 0.01 0.11 0.04 MegumaGold* O 3 0.10 0.10 0.10 - 0.00 0.21 0.09 MegumaGold 4 0.13 0.12 0.12 - 0.01 0.30 0.12 Melior Res V 47 0.54 0.50 0.50 - 0.06 1.45 0.50 unch 0.00 0.62 0.07 Melior Res* O 2 0.41 0.41 0.41 Melkior Res V 630 0.09 0.07 0.07 - 0.01 0.13 0.04 Meridian Mg V 122 0.08 0.08 0.08 - 0.01 0.55 0.05 Meridius Res V 10 0.20 0.20 0.20 unch 0.00 0.22 0.18 Meryllion Res* O 4 0.01 0.01 0.01 - 0.00 0.02 0.01 Meryllion Res 1475 0.02 0.01 0.02 unch 0.00 0.04 0.01 MetalCorp V 18 0.02 0.00 0.02 unch 0.00 0.03 0.01 Metalex Vent V 751 0.05 0.03 0.03 unch 0.00 0.06 0.02 Metalla Rylty V 1451 1.22 1.03 1.21 + 0.10 1.19 0.62 Metalla Rylty* O 803 0.91 0.77 0.90 + 0.07 0.90 0.48 Metallic Mnrls* O 94 0.14 0.12 0.13 - 0.01 0.32 0.11 Metallic Mnrls V 240 0.18 0.16 0.17 unch 0.00 0.39 0.15 Metallis Res V 48 0.60 0.58 0.58 - 0.01 1.53 0.39

2019-03-12 2:39 PM

22

WWW.NORTHERNMINER.COM

MARCH 18–31, 2019 / THE NORTHERN MINER

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

Week

12-month

Exc Volume High Low Last Change High Low

Metalo Manuf 3 Metalore Res V 1 O 97 Metals Creek* Metals Creek V 220 Metals X* O 1422 O 197 Mexican Gold* Mexivada Mng* O 100 11998 Mexus Gold* O MGX Minerals* O 517 MGX Minerals 1015 Midas Gold T 422 Midas Gold* O 933 Midland Expl V 353 Midnight Star 189 Midnight Sun V 142 Millennial Lit* O 34 Millennial Lit V 175 Millrock Res* O 161 Millrock Res V 529 Minaurum Gold V 951 O 349 Minaurum Gold* Minco Silver* O 18 Minco Silver T 59 Minecorp Egy * O 3 Minera Alamos * O 332 Minera Alamos V 1110 Minera IRL 92 Mineral Mtn* O 75 Mineral Mtn V 378 MineralRite* O 13000 V 527 Mineworx Tech Mineworx Tech* O 98 O 100 Minfocus Expl* Minfocus Expl V 601 O 2400 Mining Global* Minnova Corp V 36 Minsud Res V 4 Miramont Res 2020 O 727 Miramont Res* Miranda Gold V 194 Mirasol Res V 267 Mistango River 4 MK2 Ventures V 28 Mkango Res V 95 ML Gold* O 0 ML Gold Corp V 408 O 5 Monarca Mnrls* Monarca Mnrls V 183 T 333 Monarch Gold Monarch Gold* O 168 O 66 Moneta Porcpn* Moneta Porcpn T 465 2 Monitor Vent V Monitor Vent* O 8 O 0 Monster Uran* Monster Uran V 7 Montego Res 81 Monterey Min 10 V 281 Montero Mg&Ex Monument Mng V 381 Morien Res* O 1 Morien Res V 25 N 29119 Mosaic* Mountain Boy V 16 O 130 Mountain Boy* Mountain Prov* D 260 T 999 Mountain Prov Mundoro Cap* O 60 Mundoro Cap V 1240 Murchison Min V 529 MX Gold* O 8

0.20 0.20 0.20 unch 0.00 0.49 0.10 1.70 1.70 1.70 unch 0.00 2.85 1.40 0.03 0.02 0.02 - 0.01 0.08 0.02 0.04 0.04 0.04 - 0.01 0.11 0.04 0.27 0.22 0.22 - 0.05 0.72 0.22 0.13 0.12 0.12 - 0.00 0.34 0.10 0.00 0.00 0.00 - 0.00 0.00 0.00 0.02 0.01 0.01 - 0.00 0.05 0.00 0.30 0.26 0.29 + 0.02 1.08 0.22 0.41 0.35 0.40 + 0.04 1.39 0.30 0.87 0.79 0.85 - 0.01 1.21 0.60 0.65 0.59 0.63 - 0.02 0.95 0.46 1.33 1.21 1.30 unch 0.00 1.41 0.66 0.24 0.18 0.23 - 0.03 0.40 0.11 0.12 0.12 0.12 + 0.01 0.44 0.10 1.36 1.27 1.28 - 0.01 2.61 0.67 1.87 1.64 1.65 - 0.11 3.40 1.04 0.06 0.05 0.06 + 0.00 0.31 0.05 0.08 0.07 0.08 + 0.01 0.40 0.07 0.44 0.43 0.43 + 0.01 0.67 0.42 0.34 0.31 0.31 - 0.01 0.51 0.30 0.45 0.39 0.40 + 0.00 0.60 0.24 0.59 0.53 0.55 + 0.02 0.77 0.35 0.01 0.00 0.01 unch 0.00 0.07 0.01 0.09 0.08 0.09 + 0.00 0.13 0.06 0.12 0.11 0.12 + 0.01 0.16 0.09 0.06 0.06 0.06 + 0.01 0.12 0.05 0.11 0.08 0.11 + 0.03 0.60 0.05 0.14 0.11 0.14 + 0.03 0.74 0.07 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.12 0.10 0.10 - 0.02 0.30 0.11 0.09 0.08 0.08 - 0.01 0.22 0.08 0.03 0.03 0.03 unch 0.00 0.04 0.03 0.05 0.04 0.05 + 0.01 0.18 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.22 0.19 0.19 - 0.04 0.93 0.20 0.06 0.06 0.06 unch 0.00 0.21 0.05 0.56 0.40 0.51 + 0.09 0.54 0.13 0.43 0.31 0.37 + 0.06 0.40 0.12 0.33 0.29 0.32 + 0.02 0.55 0.10 1.14 1.03 1.03 - 0.06 2.22 0.97 0.03 0.00 0.03 - 0.01 0.05 0.02 0.31 0.30 0.31 unch 0.00 0.39 0.15 0.14 0.13 0.14 + 0.01 0.19 0.10 0.00 0.00 0.01 unch 0.00 0.13 0.01 0.15 0.13 0.14 - 0.02 1.80 0.13 0.04 0.03 0.04 + 0.01 0.05 0.01 0.05 0.04 0.04 - 0.01 0.06 0.02 0.24 0.22 0.22 unch 0.00 0.39 0.15 0.18 0.16 0.17 + 0.00 0.30 0.11 0.09 0.09 0.09 - 0.01 0.12 0.06 0.12 0.11 0.12 - 0.01 0.16 0.07 0.21 0.00 0.21 - 0.04 0.98 0.16 0.18 0.00 0.16 - 0.03 0.80 0.12 0.00 0.00 0.11 unch 0.00 0.11 0.04 0.32 0.12 0.20 unch 0.00 0.38 0.11 0.07 0.07 0.07 - 0.01 0.34 0.04 0.11 0.11 0.11 + 0.01 0.16 0.08 0.12 0.10 0.11 - 0.02 0.29 0.07 0.06 0.05 0.06 unch 0.00 0.09 0.05 0.38 0.38 0.38 unch 0.00 0.50 0.30 0.50 0.00 0.50 + 0.04 0.64 0.42 31.25 27.54 28.02 - 2.98 37.37 22.90 0.22 0.00 0.21 + 0.03 0.43 0.15 0.15 0.13 0.15 unch 0.00 0.18 0.03 1.03 0.94 0.97 - 0.05 2.92 0.94 1.37 1.26 1.27 - 0.08 3.72 1.26 0.17 0.00 0.16 + 0.01 0.17 0.06 0.24 0.18 0.20 + 0.01 0.25 0.09 0.14 0.08 0.10 - 0.06 0.25 0.06 0.00 0.00 0.00 unch 0.00 0.06 0.00

NA Frac Sand* O 319 NACCO Ind* N 100 Namibia Crit V 98 Namibia Crit* O 82 Napier Vent* O 2 Napier Vent V 39 Natural Res Pt* N 132 T 388 Nautilus Mnrls Nautilus Mnrls* O 561 0 Navis Res Corp* O Navy Res V 15 Nemaska Lith T 8840 O 316 Nemaska Lith* Neo Lithium V 965 Neometals* O 12 Network Expl* O 243 Network Expl V 497 Nevada Clean M V 2221 Nevada Clean M* O 1216 Nevada Copper T 1042 O 26 Nevada Energy* V 24 Nevada Energy Nevada Expl * O 484 Nevada Expl V 786 Nevada Sunrise* O 38 V 261 Nevada Sunrise Nevada Zinc V 140 Nevado Res V 11 Nevsun Res* X 147 Nevsun Res T 801 New Age Metals V 1882 New Age Metals* O 402 New Carolin Gd* O 70 548 New Carolin Gd V New Destiny Mg V 153 343 New Dimen Res V New Dimen Res* O 65 0 New Egy Min* O New Energy Met V 2285 New Gold* X 8928 New Gold T 2949 New Guinea Gld* O 239 New Jersey Mng* O 164 New Klondike* O 0 New Milln Iron* O 115 New Milln Iron T 605 New Nadina V 97 New Nadina* O 23 New Oroperu V 1 New Pac Metals V 168 18 New Pac Metals* O New Point Expl* O 30 5 New Tech Min* O New Tech Min 142 72 New World Res V New World Res* O 0 Newlox Gold 16 Newmont Mng* N 58166 Newport Expl V 74 Newport Gold* O 12 O 78 NewRange Gold* NewRange Gold V 1276 T 6 Nexa Resources Nexa Resources* N 822 Nexco Res 50 Nexgen Energy* X 1831 T 4402 Nexgen Energy NextSource Mat T 8093 Nexus Gold* O 326 Nexus Gold V 1410 NGEx Res* O 11 NGEx Res T 57 Nickel Creek T 321 Nickel Creek* O 520 Nickel North V 2580 673 Nickel One Res V Nicola Mg Inc V 333 11 Nicola Mg Inc* O Nighthawk Gold* O 82 T 2613 Nighthawk Gold Niobay Metals V 250 Niocan Inc V 27 Niocorp Dev T 247 Niocorp Dev* O 230 Nippon Dragon V 104 O 58 Nippon Dragon* Nitinat Mnls V 222 Noble Metal V 501 Noble Mineral* O 6 Noble Mineral V 2539 Noka Res* O 247 Noram Vent V 239 Noram Vent* O 7

0.01 0.01 0.01 + 0.00 0.02 0.00 39.02 36.05 36.90 + 0.56 43.00 28.77 0.13 0.10 0.12 unch 0.00 0.46 0.10 0.10 0.07 0.08 - 0.02 2.77 0.07 0.20 0.19 0.19 - 0.02 0.38 0.18 0.26 0.22 0.24 + 0.02 0.49 0.20 42.50 40.72 42.00 + 0.77 42.50 28.00 0.06 0.05 0.05 unch 0.00 0.24 0.05 0.04 0.04 0.04 unch 0.00 0.19 0.03 0.00 0.00 0.24 unch 0.00 0.30 0.24 0.15 0.15 0.15 unch 0.00 0.27 0.15 0.40 0.36 0.37 - 0.02 1.48 0.27 0.30 0.27 0.27 - 0.02 1.15 0.21 0.81 0.71 0.73 - 0.03 1.91 0.55 0.21 0.15 0.21 + 0.07 0.39 0.10 0.29 0.26 0.29 + 0.03 0.35 0.19 0.39 0.33 0.39 + 0.05 0.44 0.23 0.05 0.05 0.05 unch 0.00 0.06 0.03 0.04 0.03 0.04 - 0.01 0.04 0.02 0.48 0.42 0.44 - 0.02 0.74 0.33 0.09 0.09 0.09 - 0.00 0.20 0.07 0.14 0.13 0.13 + 0.01 0.29 0.10 0.28 0.25 0.26 + 0.01 0.39 0.09 0.37 0.33 0.35 - 0.01 0.50 0.12 0.06 0.05 0.06 - 0.00 0.15 0.04 0.09 0.08 0.08 + 0.01 0.19 0.06 0.11 0.10 0.11 + 0.01 0.22 0.09 0.14 0.13 0.14 + 0.01 0.90 0.09 4.50 4.44 4.44 - 0.07 4.58 2.23 6.00 5.99 5.99 unch 0.00 6.01 2.85 0.10 0.08 0.08 - 0.02 0.12 0.05 0.07 0.05 0.05 - 0.02 0.10 0.03 0.13 0.12 0.12 - 0.01 0.40 0.09 0.17 0.15 0.15 - 0.02 0.56 0.13 0.15 0.15 0.15 + 0.01 0.35 0.10 0.06 0.05 0.05 unch 0.00 0.30 0.05 0.04 0.04 0.04 unch 0.00 0.22 0.04 0.00 0.00 0.04 unch 0.00 0.05 0.00 0.05 0.03 0.03 - 0.02 0.90 0.03 0.89 0.83 0.89 + 0.02 2.66 0.70 1.19 1.11 1.18 + 0.04 3.44 0.90 0.00 0.00 0.00 - 0.00 0.00 0.00 0.19 0.17 0.18 - 0.01 0.25 0.13 0.00 0.00 0.00 unch 0.00 0.05 0.05 0.05 - 0.02 0.08 0.03 0.09 0.08 0.08 - 0.01 0.11 0.04 0.10 0.00 0.10 + 0.02 0.28 0.05 0.08 0.00 0.08 + 0.00 0.19 0.03 0.00 0.00 0.31 unch 0.00 0.45 0.25 2.34 2.25 2.30 unch 0.00 2.39 1.18 1.76 1.69 1.73 - 0.08 1.81 0.86 0.18 0.18 0.18 unch 0.00 0.50 0.14 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.03 0.03 0.03 unch 0.00 0.08 0.03 0.22 0.21 0.21 - 0.02 0.30 0.13 0.00 0.00 0.18 unch 0.00 0.20 0.18 0.05 0.03 0.05 unch 0.00 0.06 0.03 34.75 32.94 33.71 - 0.11 41.98 29.06 0.29 0.00 0.29 + 0.04 0.38 0.22 0.03 0.03 0.03 + 0.00 0.08 0.02 0.13 0.10 0.10 - 0.02 0.29 0.04 0.17 0.13 0.14 - 0.04 0.30 0.07 15.64 14.71 15.37 + 0.83 25.63 11.00 11.79 10.91 11.15 + 0.19 20.35 8.22 0.07 0.07 0.07 - 0.01 0.35 0.06 1.64 1.54 1.56 - 0.04 2.53 1.54 2.18 2.05 2.08 - 0.05 3.31 2.05 0.13 0.10 0.10 - 0.02 0.16 0.05 0.11 0.08 0.10 + 0.01 0.29 0.02 0.14 0.12 0.14 + 0.01 0.45 0.08 0.76 0.75 0.75 - 0.00 0.96 0.73 1.03 1.00 1.03 - 0.02 1.30 0.91 0.09 0.08 0.08 - 0.01 0.35 0.06 0.06 0.05 0.05 - 0.00 0.27 0.04 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.04 0.00 0.04 unch 0.00 0.07 0.02 0.11 0.10 0.10 - 0.01 0.19 0.09 0.08 0.08 0.08 unch 0.00 0.14 0.06 0.28 0.00 0.25 - 0.04 0.56 0.22 0.39 0.31 0.35 - 0.03 0.72 0.30 0.29 0.23 0.23 - 0.07 0.37 0.16 0.24 0.19 0.24 + 0.06 0.36 0.06 0.61 0.58 0.60 + 0.01 0.74 0.52 0.47 0.44 0.46 + 0.00 0.58 0.39 0.02 0.00 0.02 + 0.01 0.05 0.01 0.01 0.01 0.01 + 0.00 0.04 0.00 0.08 0.07 0.07 - 0.01 0.51 0.03 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.11 0.11 0.11 - 0.02 0.13 0.04 0.16 0.13 0.13 - 0.04 0.18 0.06 0.20 0.18 0.18 - 0.02 0.71 0.17 0.17 0.15 0.15 - 0.02 0.47 0.12 0.12 0.12 0.12 unch 0.00 0.31 0.09

N-O

20-23_MARCH18_StockTables.indd 22

(100s) Stock

Week

(100s) Stock

12-month

Exc Volume High Low Last Change High Low

Noranda Alum* O 44 Nordic Gold* O 103 Nordic Gold V 871 Noront Res V 1146 Norra Metals V 806 Norsemont Cap 29 Nortec Mnls* O 1 Nortec Mnls V 80 North Am Nickl V 530 North Am Nickl* O 143 North Am Pall T 1330 North Am Pall* O 589 North Arrow Mn* O 30 266 North Arrow Mn V North Bay Res * O 7000 Northcliff Res T 669 Northern Light 189 V 220 Northern Uran Northern Uran* O 184 Northisle C&G V 55 Norvista Cap V 498 NorZinc T 371 NorZinc* O 75 Nouveau Monde V 378 O 76 Nouveau Monde* NovaGold Res T 1650 X 7813 NovaGold Res* Novo Res* O 435 Novo Res V 669 NRG Metals* O 1012 NRG Metals V 1173 Nrthn Graphite V 100 Nrthn Graphite* O 218 Nrthn Lion* O 0 Nrthn Lion V 0 Nrthn Mnrls &E* O 227 Nrthn Shield V 2336 O 13 Nrthn Superior* Nrthn Superior V 115 Nrthn Vertex* O 66 Nrthn Vertex V 612 V 214 NSGold NSS Res Inc 59 Nthn Dynasty T 1077 Nthn Dynasty* X 6646 Nthrn Sphere* O 100 Nthrn Sphere 110 Nubian Res V 17 Nuinsco Res 5126 Nuinsco Res* O 400 NuLegacy Gold V 368 O 276 NuLegacy Gold* Nutrien* N 9383 T 6996 Nutrien NV Gold V 110 NV Gold* O 21 NX Uranium* O 90 NxGold Ltd* O 1500 NxGold Ltd V 287 O.T. Mining* O 2 OceanaGold* O 3 OceanaGold T 9160 Oceanic Iron O V 46 O 104 Oceanus Res* Oceanus Res V 132 Odyssey Res V 6 Olivut Res V 26 Olivut Res* O 10 Omineca Mining V 724 O 3 Omineca Mining* One World Lith 470 One World Lith* O 40 Opawica Expl* O 0 Opawica Expl V 0 Opus One Res V 109 Orbite Tech* O 192 Orca Gold V 288 Orca Gold* O 18 Orefinders Res V 641 Orestone Mng V 93 Orex Mnrls* O 5 Orex Mnrls V 99 Orezone Gold* O 125 Orezone Gold V 247 Orford Mining V 223 Organic Potash 197 OrganiMax V 26 OrganiMax* O 17 Origin Gold V 7 2 Orla Mng Ltd* O Orla Mng Ltd T 112 26 Oro East Mg* O Oroco Res V 960 Oroco Res* O 807 Orocobre T 129 Oronova Energy* O 237 Oronova Energy V 323 Oroplata Res* O 506 Orosur Mng T 415 Orsu Metals V 33 Orsu Metals* O 2 Orvana Mnrls T 648 Orvana Mnrls* O 40 Osino Res V 46 Osisko Gold* N 2788 Osisko Gold T 2236 Osisko Metals* O 195 Osisko Metals V 837 Osisko Mng Inc T 3186 Osprey Gold V 473 Otis Gold V 219 Otis Gold* O 74 Outcrop Gold* O 41 OZ Minerals* O 2

0.01 0.01 0.01 + 0.00 0.06 0.01 0.04 0.02 0.02 - 0.01 0.12 0.02 0.05 0.04 0.04 - 0.01 0.17 0.03 0.32 0.27 0.27 - 0.02 0.42 0.21 0.06 0.00 0.05 - 0.01 0.15 0.05 0.29 0.29 0.29 unch 0.00 0.46 0.25 0.00 0.00 0.00 unch 0.00 0.08 0.00 0.04 0.04 0.04 unch 0.00 0.11 0.03 0.03 0.00 0.03 unch 0.00 0.09 0.03 0.03 0.02 0.02 - 0.00 0.06 0.02 26.30 14.22 15.88 - 9.10 26.30 8.62 19.91 10.62 11.86 - 6.94 19.91 6.62 0.09 0.08 0.08 - 0.01 0.20 0.06 0.10 0.09 0.09 - 0.01 0.26 0.08 0.00 0.00 0.00 - 0.00 0.00 0.00 0.11 0.07 0.09 + 0.01 0.12 0.05 0.04 0.04 0.04 - 0.01 0.15 0.03 0.01 0.01 0.01 - 0.01 0.02 0.01 0.00 0.00 0.00 + 0.00 0.01 0.00 0.09 0.08 0.08 - 0.01 0.18 0.07 0.11 0.09 0.11 + 0.01 0.15 0.06 0.09 0.09 0.09 + 0.01 0.17 0.08 0.07 0.06 0.07 + 0.00 0.13 0.05 0.26 0.24 0.25 - 0.01 0.37 0.21 0.20 0.18 0.19 - 0.00 0.28 0.17 5.65 5.15 5.64 + 0.41 6.47 4.49 4.22 3.84 4.22 + 0.29 5.05 3.41 2.10 1.88 1.96 - 0.11 5.00 1.42 2.84 2.50 2.61 - 0.19 6.42 1.89 0.06 0.04 0.05 - 0.01 0.30 0.04 0.08 0.06 0.06 - 0.02 0.39 0.06 0.24 0.20 0.20 - 0.03 0.47 0.14 0.19 0.15 0.16 - 0.02 0.37 0.09 0.00 0.00 0.15 unch 0.00 0.43 0.15 0.00 0.00 0.25 unch 0.00 0.55 0.15 0.08 0.04 0.08 + 0.04 0.10 0.02 0.10 0.07 0.09 + 0.01 0.10 0.02 0.18 0.18 0.18 unch 0.00 0.22 0.02 0.29 0.23 0.23 - 0.05 0.50 0.15 0.18 0.14 0.17 - 0.01 0.44 0.14 0.23 0.19 0.22 - 0.01 0.56 0.19 0.15 0.08 0.08 - 0.07 0.15 0.07 0.12 0.10 0.10 - 0.02 0.45 0.08 1.22 0.98 1.01 - 0.17 1.47 0.55 0.92 0.72 0.76 - 0.14 1.12 0.43 0.01 0.01 0.01 unch 0.00 0.11 0.01 0.03 0.02 0.02 - 0.01 0.15 0.02 0.09 0.09 0.09 + 0.01 0.31 0.08 0.02 0.02 0.02 + 0.01 0.08 0.01 0.01 0.01 0.01 - 0.01 0.04 0.00 0.14 0.12 0.13 - 0.01 0.22 0.08 0.10 0.09 0.10 + 0.00 0.17 0.08 55.21 52.14 52.84 - 1.84 58.99 43.96 73.64 69.96 70.80 - 1.90 76.17 56.55 0.15 0.00 0.14 - 0.01 1.22 0.07 0.13 0.11 0.11 + 0.01 0.92 0.05 0.55 0.29 0.39 + 0.10 1.00 0.01 0.08 0.08 0.08 unch 0.00 0.25 0.05 0.10 0.09 0.09 - 0.01 0.32 0.06 0.05 0.05 0.05 unch 0.00 0.24 0.04 3.38 3.00 3.38 + 0.24 3.74 2.41 4.53 4.01 4.43 + 0.26 5.01 3.13 0.10 0.09 0.10 + 0.01 0.15 0.04 0.08 0.07 0.08 unch 0.00 0.19 0.04 0.11 0.10 0.10 unch 0.00 0.27 0.05 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.11 0.09 0.10 - 0.02 0.14 0.07 0.08 0.07 0.07 - 0.02 0.12 0.05 0.07 0.04 0.07 + 0.03 0.07 0.02 0.04 0.02 0.04 + 0.02 0.04 0.01 0.20 0.18 0.20 + 0.01 0.22 0.12 0.15 0.14 0.14 + 0.00 0.15 0.10 0.00 0.00 0.05 unch 0.00 0.08 0.02 0.00 0.00 0.06 unch 0.00 0.28 0.05 0.07 0.00 0.05 - 0.02 0.10 0.02 0.00 0.00 0.00 + 0.00 0.05 0.00 0.48 0.42 0.48 + 0.03 0.66 0.38 0.36 0.33 0.36 + 0.02 0.52 0.28 0.06 0.05 0.06 unch 0.00 0.14 0.04 0.09 0.09 0.09 unch 0.00 0.17 0.06 0.05 0.05 0.05 - 0.00 0.13 0.05 0.08 0.00 0.08 + 0.01 0.17 0.07 0.41 0.36 0.39 - 0.01 0.74 0.31 0.54 0.49 0.54 + 0.03 0.92 0.42 0.09 0.07 0.08 - 0.01 0.34 0.07 0.04 0.00 0.04 + 0.01 0.08 0.02 0.05 0.04 0.05 + 0.01 0.26 0.04 0.03 0.03 0.03 unch 0.00 0.20 0.03 0.10 0.10 0.10 - 0.01 0.15 0.07 0.89 0.88 0.89 + 0.01 1.15 0.00 1.17 1.10 1.10 - 0.03 1.55 0.94 0.00 0.00 0.00 + 0.00 0.01 0.00 0.30 0.23 0.29 unch 0.00 0.39 0.10 0.23 0.18 0.22 - 0.00 0.26 0.08 3.63 3.19 3.20 - 0.33 6.33 2.74 0.05 0.05 0.05 - 0.00 0.10 0.05 0.08 0.00 0.07 - 0.02 0.16 0.06 0.22 0.20 0.21 - 0.01 0.42 0.06 0.09 0.07 0.08 - 0.01 0.20 0.02 0.28 0.27 0.27 - 0.01 0.34 0.14 0.22 0.22 0.22 unch 0.00 0.26 0.12 0.22 0.18 0.21 + 0.03 0.24 0.12 0.16 0.15 0.15 - 0.00 0.19 0.09 0.40 0.38 0.40 + 0.02 0.64 0.20 11.64 10.67 11.59 + 0.52 11.52 7.00 15.61 14.25 15.54 + 0.82 15.13 9.27 0.42 0.37 0.39 - 0.02 0.55 0.37 0.55 0.51 0.52 - 0.02 0.70 0.46 3.48 3.14 3.37 + 0.08 3.75 1.60 0.07 0.05 0.06 - 0.01 0.10 0.04 0.10 0.09 0.09 + 0.01 0.32 0.08 0.07 0.06 0.07 + 0.01 0.25 0.06 0.26 0.22 0.24 - 0.02 0.33 0.01 7.35 0.00 7.25 - 0.49 8.02 5.90

Pac Arc Res V 3 Pac Bay Mnrls V 183 Pac Booker Min* O 12 Pac Booker Min V 109 Pac Imperial V 68 Pac Iron Ore V 2 Pac Ridge Expl V 281 Pac Ridge Expl* O 56 Pac Wildcat* O 10 Pacific Empire V 230 Pacific Rim 1456 Pacific Rim* O 283 Pacific Silk* O 0 Pacific Silk V 38 Pacton Gold V 835 Paladin Energy* O 325 Palamina Corp V 114 Palamina Corp* O 56 Pan Am Silver* D 11642 Pan Am Silver T 2262 Pan Andean Min V 1534 Pan Andean Min* O 21 Pan Global Res V 476 Pancontinental* O 73 Pancontinental V 189 Pangolin Dia V 304 Panoro Mnrls V 44 PanTerra Gold* O 1 Pantheon Vent V 146 Para Resources V 165 Parallel Mng V 5 Paramount Gold* X 74 Paringa Res* O 118 Paringa Res* D 13 Parlane Res V 54 Pasinex Res 188 Patriot Gold* O 86 Peabody Enrgy* N 4093 Pedro Res V 145 Pelangio Expl* O 2 Pelangio Expl V 47 Peloton Mnrls 112 Peloton Mnrls* O 37 PepinNini Lith* O 8 Perseus Mng T 50 Pershing Gold* D 517 Pershing Gold T 23 Pershing Res* O 50 Peruvian Metal V 164 Petra Diamonds* O 50

0.20 0.20 0.20 unch 0.00 0.45 0.20 0.09 0.07 0.07 - 0.02 0.20 0.06 1.43 1.21 1.34 + 0.24 1.43 0.50 1.90 1.46 1.83 + 0.36 1.90 0.65 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.00 0.00 0.08 unch 0.00 0.15 0.03 0.06 0.05 0.06 unch 0.00 0.07 0.04 0.04 0.00 0.04 + 0.01 0.05 0.02 0.00 0.00 0.00 unch 0.00 0.39 0.00 0.10 0.09 0.09 - 0.01 0.20 0.06 0.23 0.17 0.20 + 0.02 0.70 0.10 0.18 0.13 0.14 + 0.01 0.57 0.07 0.00 0.00 0.01 unch 0.00 0.04 0.01 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.27 0.24 0.24 - 0.03 1.02 0.23 0.13 0.10 0.12 - 0.02 0.50 0.02 0.34 0.26 0.30 - 0.02 0.47 0.25 0.24 0.20 0.23 - 0.01 0.37 0.20 13.38 12.43 13.15 + 0.46 18.75 12.12 17.95 16.67 17.62 + 0.79 24.22 16.05 0.09 0.07 0.09 + 0.02 0.13 0.03 0.06 0.00 0.06 + 0.03 0.08 0.02 0.09 0.08 0.08 - 0.01 0.28 0.08 0.03 0.02 0.02 - 0.01 0.07 0.02 0.04 0.04 0.04 - 0.01 0.09 0.04 0.04 0.00 0.04 - 0.01 0.08 0.04 0.23 0.00 0.21 unch 0.00 0.39 0.13 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.07 0.00 0.07 unch 0.00 0.12 0.06 0.18 0.16 0.18 + 0.02 0.24 0.12 0.03 0.03 0.03 + 0.01 0.08 0.02 0.94 0.89 0.90 - 0.02 1.64 0.81 0.10 0.08 0.09 - 0.03 0.39 0.08 5.56 4.84 4.84 - 0.36 10.38 4.70 0.07 0.00 0.06 - 0.01 0.30 0.03 0.12 0.09 0.09 - 0.01 0.22 0.06 0.08 0.08 0.08 + 0.00 0.15 0.04 32.25 30.37 30.65 - 1.56 47.84 29.08 0.23 0.20 0.21 - 0.02 0.29 0.17 0.26 0.00 0.22 - 0.04 0.29 0.02 0.35 0.30 0.31 - 0.05 0.55 0.12 0.10 0.08 0.09 - 0.01 0.15 0.03 0.07 0.06 0.07 + 0.01 0.12 0.05 0.00 0.00 0.00 + 0.00 0.02 0.00 0.40 0.39 0.39 - 0.02 0.50 0.25 1.25 1.11 1.15 - 0.10 2.24 0.80 1.64 1.50 1.57 - 0.11 2.71 1.06 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.05 0.04 0.04 - 0.02 0.10 0.03 0.30 0.30 0.30 - 0.06 1.06 0.30

P-Q

Week

12-month

Exc Volume High Low Last Change High Low

Philex Mng* O 2 Philippine Mtl* O 0 Philippine Mtl V 0 Pine Cliff En* O 306 Pine Cliff En T 292 Pinecrest Res V 9 29 Pistol Bay Mng* O Pistol Bay Mng V 634 Pivit Explor 58 PJSC Polyus Gd* O 1 PJX Res V 268 Plata Latina V 468 Plate Res V 2000 Plateau Energy V 624 O 126 Plateau Energy* Platinex Inc 706 Platinum Gp Mt* X 440 Platinum Gp Mt T 94 Plato Gold V 62 Playfair Mng V 936 Playfair Mng* O 2 PolyMet Mng T 50 X 2317 PolyMet Mng* Portage Res* O 19789 Portofino Res V 10 Potash Ridge* O 131 Potash Ridge T 1797 Power Group V 81 Power Group* O 12 Power Metals* O 90 Power Metals V 240 PowerOre V 1105 PPX Mining* O 13 PPX Mining V 290 Precipitate Gl* O 52 Precipitate Gl V 208 Premier Gold M T 2058 Premium Expl* O 100 Pretium Res* N 9419 Pretium Res T 2518 Primary Energy 310 Prism Res V 5 Prize Mng* O 222 Prize Mng V 2657 Probe Metals* O 94 Probe Metals V 41 Prog Planet V 90 Promithian Gl * O 0 Prophecy Coal* O 730 Prophecy Coal T 2047 Prosper Gold V 192 Prospero Silvr V 8 Prospero Silvr* O 18 Provenance Gld 72 Providence V 142 PUF Vent Inc * O 19964 Puma Expl V 402 Pure Energy* O 441 368 Pure Energy V Pure Gold Mg* O 1659 Pure Gold Mg V 3942 Pure Nickel* O 70 Pure Nickel V 54 Purepoint Uran V 478 Q-Gold Res V 38 QC Precious V 227 QMC Quantum Ml V 122 QMC Quantum Ml* O 186 QMX Gold* O 0 QMX Gold V 404 Quadro Res V 35 Quantum Cobalt 167 Quartz Mtn Res V 50 Quartz Mtn Res* O 5 Quaterra Res V 729 O 1049 Quaterra Res* Quest Rare Mnl* O 30 Quinto Res V 188

0.05 0.00 0.05 - 0.02 0.10 0.02 0.00 0.00 0.03 unch 0.00 0.07 0.03 0.00 0.00 0.04 unch 0.00 0.09 0.04 0.20 0.18 0.20 + 0.02 0.32 0.17 0.27 0.25 0.27 + 0.02 0.45 0.22 0.24 0.23 0.23 unch 0.00 0.28 0.18 0.03 0.03 0.03 + 0.00 0.05 0.02 0.05 0.05 0.05 + 0.01 0.13 0.03 0.10 0.10 0.10 + 0.01 0.19 0.07 43.50 0.00 43.50 - 0.50 48.00 29.00 0.29 0.22 0.25 - 0.03 0.36 0.15 0.03 0.02 0.03 unch 0.00 0.05 0.02 0.04 0.04 0.04 unch 0.00 0.10 0.03 0.78 0.63 0.75 + 0.12 1.69 0.55 0.59 0.48 0.57 + 0.08 1.27 0.42 0.05 0.04 0.05 unch 0.00 0.18 0.03 1.77 1.62 1.68 unch 0.00 3.43 0.83 2.35 2.17 2.29 + 0.08 4.40 1.15 0.02 0.02 0.02 + 0.01 0.06 0.01 0.05 0.04 0.05 + 0.02 0.09 0.02 0.02 0.02 0.02 unch 0.00 0.06 0.01 0.91 0.86 0.89 - 0.02 1.60 0.86 0.69 0.65 0.67 - 0.02 1.25 0.65 0.00 0.00 0.00 - 0.00 0.02 0.00 0.07 0.07 0.07 unch 0.00 0.42 0.06 0.05 0.04 0.04 + 0.00 0.09 0.02 0.06 0.05 0.05 unch 0.00 0.11 0.03 0.14 0.12 0.12 - 0.03 2.20 0.10 0.10 0.00 0.10 - 0.01 0.18 0.01 0.13 0.11 0.12 + 0.01 0.55 0.10 0.17 0.15 0.16 unch 0.00 0.70 0.15 0.12 0.08 0.12 + 0.03 0.45 0.05 0.06 0.06 0.06 + 0.03 0.08 0.03 0.08 0.08 0.08 unch 0.00 0.11 0.05 0.10 0.09 0.09 + 0.00 0.12 0.03 0.14 0.12 0.12 unch 0.00 0.15 0.04 1.78 1.62 1.75 + 0.08 3.35 1.39 0.00 0.00 0.00 unch 0.00 0.02 0.00 8.76 7.95 8.75 + 0.69 9.84 6.29 11.73 10.57 11.72 + 1.01 12.87 8.07 0.15 0.12 0.12 - 0.02 1.50 0.10 0.03 0.03 0.03 unch 0.00 0.10 0.03 0.03 0.02 0.02 - 0.00 0.21 0.02 0.04 0.03 0.03 - 0.01 0.30 0.03 0.86 0.79 0.79 - 0.05 1.12 0.68 1.15 1.05 1.07 - 0.08 1.49 0.91 0.04 0.03 0.03 - 0.01 0.10 0.03 0.00 0.00 0.06 unch 0.00 0.10 0.01 0.19 0.13 0.18 + 0.05 2.75 0.09 0.27 0.18 0.24 + 0.07 0.74 0.11 0.11 0.09 0.09 - 0.01 0.18 0.06 0.08 0.07 0.07 unch 0.00 0.15 0.05 0.06 0.05 0.06 + 0.01 0.11 0.04 0.18 0.15 0.18 unch 0.00 0.39 0.10 0.13 0.10 0.11 - 0.03 0.19 0.09 0.50 0.32 0.40 + 0.09 0.50 0.06 0.04 0.04 0.04 unch 0.00 0.09 0.03 0.07 0.06 0.07 + 0.01 0.27 0.03 0.10 0.08 0.09 + 0.01 0.35 0.05 0.46 0.41 0.46 + 0.01 0.62 0.38 0.62 0.55 0.60 + 0.01 0.81 0.50 0.01 0.01 0.01 + 0.00 0.03 0.00 0.02 0.00 0.01 - 0.00 0.04 0.01 0.08 0.08 0.08 + 0.01 0.11 0.06 0.19 0.00 0.19 - 0.01 0.24 0.10 0.36 0.32 0.33 - 0.02 0.56 0.25 0.34 0.29 0.30 - 0.02 0.75 0.16 0.25 0.21 0.22 - 0.02 0.58 0.12 0.00 0.00 0.04 unch 0.00 0.15 0.03 0.06 0.05 0.06 unch 0.00 0.20 0.05 0.04 0.04 0.04 unch 0.00 0.09 0.03 0.06 0.00 0.05 unch 0.00 0.44 0.04 0.32 0.30 0.32 + 0.04 0.80 0.27 0.24 0.00 0.24 - 0.07 0.70 0.23 0.13 0.08 0.13 + 0.05 0.12 0.05 0.10 0.07 0.08 + 0.02 0.09 0.04 0.00 0.00 0.00 - 0.00 0.01 0.00 0.07 0.05 0.05 - 0.01 0.14 0.02

Rackla Mtls* O 0 Rackla Mtls V 0 V 257 Radisson Mng Radius Gold V 179 Rainforest Res* O 1 Rainy Mtn Royl* O 125 379 Rainy Mtn Royl V Rambler Metals* O 12 Rare Element* O 446 Rathdowney Res V 110 Ravencrest Res 734 Red Eagle Mng* O 125 Red Moon Res V 25 Red Pine Expl V 2024 Redstar Gold V 195 Redstar Gold* O 109 Redzone Res V 203 Redzone Res* O 204 Regulus Res V 390 Remington Res V 29 Renaissance Gd* O 94 Renaissance Gd V 98 Renforth Res 80 Resolve Vent V 574 Resource Cap* O 4 Reunion Gold V 462 Revelo Res V 535 Revival Gold * O 32 Revival Gold V 133 Rhyolite Res V 40 V 100 Richmond Mnls Richmond Mnls* O 100 Rift Valley 490 Rimrock Gold* O 446572 O 1 Rio Tinto* Rio Tinto* O 4 Rio Tinto* N 15755 Rio2 Limited V 446 Rio2 Limited* O 58 Rise Gold Corp* O 452 Rise Gold Corp 1037 Riverside Res V 433 O 197 Riverside Res* Rizal Res V 225 RJK Explor V 2329 RJK Explor* O 110 Robex Res V 70 Rochester Res V 15 Rock Tech Lith V 9 Rock Tech Lith* O 3 O 38 Rockcliff Met* Rockcliff Met V 206 Rockex Mng 163 Rockhaven Res V 79 V 148 Rockridge Res Rockshield Cap* O 9 Rockshield Cap 785 Rockwealth Res V 290 Rodinia Lithm V 134 Rogue Res* O 25 Rogue Res V 9 Rojo Res V 20 Rojo Res* O 12 Rokmaster Res V 824 Romios Gold Rs V 90 Romios Gold Rs* O 95 O 69 RosCan Gold* RosCan Gold V 7998 Rosita Mg Corp* O 18 Rosita Mg Corp V 2264 Ross River* O 0 Rotation Mnls V 225 Roughrider Exp V 97 Rover Metals* O 65 Rover Metals V 1607 Roxgold T 3943 Roxgold* O 38 Royal Gold* D 2253 Royal Mines &M* O 100 Royal Nickel* O 999 Royal Nickel T 8935 Royal Rd Mnrls V 1798 0 Royal Std Mnrl* O RT Minerals V 53 RTG Mining * O 5 RTG Mining T 7 O 76 Rubicon Mnrls* Rubicon Mnrls T 118 Rugby Mng V 78 Running Fox Rs* O 146 29 Running Fox Rs V Rupert Res V 18 Rusoro Mng* O 713

0.00 0.00 0.06 unch 0.00 0.11 0.05 0.00 0.00 0.08 unch 0.00 0.15 0.06 0.12 0.10 0.11 - 0.01 0.17 0.09 0.11 0.10 0.11 + 0.01 0.19 0.09 4.50 0.00 4.50 unch 0.00 9.45 3.50 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.04 0.00 0.03 - 0.01 0.04 0.02 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.08 0.06 0.08 + 0.00 0.23 0.03 0.12 0.11 0.11 - 0.01 0.18 0.04 0.63 0.58 0.61 - 0.02 1.55 0.38 0.00 0.00 0.00 unch 0.00 0.23 0.00 0.11 0.07 0.07 - 0.04 0.16 0.04 0.07 0.06 0.06 - 0.01 0.10 0.04 0.03 0.02 0.03 unch 0.00 0.06 0.02 0.02 0.01 0.02 - 0.00 0.04 0.01 0.13 0.09 0.13 + 0.02 0.40 0.07 0.09 0.07 0.07 - 0.02 0.29 0.06 2.00 1.75 1.84 - 0.06 2.30 1.25 0.20 0.17 0.17 - 0.04 0.36 0.17 0.14 0.13 0.13 - 0.01 0.23 0.11 0.18 0.17 0.18 unch 0.00 0.27 0.15 0.04 0.04 0.04 unch 0.00 0.06 0.02 0.08 0.08 0.08 - 0.01 0.20 0.07 0.00 0.00 0.00 unch 0.00 0.07 0.00 0.18 0.15 0.17 - 0.02 0.23 0.11 0.02 0.01 0.02 unch 0.00 0.06 0.01 0.60 0.58 0.60 + 0.01 0.73 0.42 0.80 0.77 0.79 + 0.01 0.99 0.54 0.16 0.16 0.16 - 0.01 0.23 0.15 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.03 0.03 0.03 unch 0.00 0.03 0.02 0.09 0.08 0.09 unch 0.00 0.12 0.05 0.00 0.00 0.00 + 0.00 0.00 0.00 66.11 0.00 66.11 - 0.36 69.98 50.48 59.34 0.00 53.80 - 3.81 60.00 43.47 59.64 53.65 54.66 - 3.70 60.72 44.62 0.43 0.39 0.42 + 0.02 1.15 0.37 0.42 0.32 0.42 + 0.10 0.81 0.25 0.08 0.06 0.07 - 0.00 0.12 0.04 0.10 0.09 0.09 unch 0.00 0.15 0.05 0.17 0.16 0.16 - 0.01 0.33 0.13 0.13 0.10 0.10 - 0.01 0.42 0.10 0.03 0.00 0.03 + 0.01 0.05 0.01 0.10 0.08 0.10 + 0.03 0.23 0.04 0.06 0.05 0.05 unch 0.00 0.13 0.00 0.09 0.08 0.08 unch 0.00 0.12 0.07 0.05 0.00 0.05 + 0.02 0.08 0.03 0.95 0.87 0.92 - 0.01 1.59 0.76 0.68 0.65 0.68 + 0.03 1.19 0.64 0.14 0.11 0.11 - 0.03 0.14 0.06 0.13 0.12 0.12 unch 0.00 0.18 0.07 0.04 0.02 0.03 + 0.01 0.10 0.01 0.16 0.15 0.16 unch 0.00 0.19 0.09 0.35 0.30 0.30 - 0.01 0.35 0.20 0.07 0.00 0.07 + 0.00 0.35 0.06 0.12 0.00 0.11 + 0.01 0.45 0.09 0.20 0.18 0.20 + 0.05 0.24 0.11 0.06 0.05 0.05 - 0.01 0.33 0.05 0.07 0.06 0.06 - 0.00 0.23 0.06 0.10 0.09 0.09 - 0.02 0.30 0.07 0.22 0.16 0.16 - 0.06 0.30 0.10 0.17 0.17 0.17 unch 0.00 0.31 0.00 0.05 0.04 0.05 - 0.01 0.16 0.04 0.04 0.04 0.04 unch 0.00 0.09 0.04 0.03 0.03 0.03 + 0.00 0.07 0.02 0.21 0.18 0.18 - 0.01 0.21 0.13 0.28 0.17 0.26 + 0.05 0.28 0.05 0.05 0.04 0.04 - 0.00 0.05 0.01 0.06 0.05 0.05 - 0.01 0.08 0.03 0.00 0.00 0.07 unch 0.00 0.14 0.00 0.16 0.12 0.16 + 0.03 0.29 0.07 0.09 0.07 0.09 + 0.02 0.25 0.07 0.06 0.05 0.05 - 0.00 0.06 0.05 0.08 0.07 0.08 - 0.01 0.11 0.03 0.85 0.79 0.82 - 0.02 1.35 0.72 0.63 0.60 0.63 - 0.02 1.02 0.55 89.63 86.17 89.26 + 1.89 98.53 70.16 0.01 0.00 0.00 - 0.00 0.01 0.00 0.45 0.38 0.40 - 0.05 0.90 0.05 0.59 0.51 0.54 - 0.05 1.18 0.07 0.13 0.00 0.13 + 0.05 0.14 0.06 0.00 0.00 1.50 unch 0.00 3.14 0.01 0.08 0.06 0.08 + 0.02 0.45 0.05 0.11 0.11 0.11 unch 0.00 0.11 0.07 0.14 0.12 0.12 - 0.02 0.20 0.09 0.97 0.88 0.95 + 0.00 1.26 0.74 1.30 1.18 1.27 + 0.07 1.73 1.00 0.19 0.18 0.19 + 0.02 0.43 0.14 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.85 0.82 0.85 unch 0.00 1.29 0.75 0.08 0.07 0.07 - 0.01 0.32 0.04

R

(100s) Stock

Rusoro Mng

Week

12-month

Exc Volume High Low Last Change High Low

V 13404

08 0.10

0.13

- 0.01

0.42 0.06

S T 618 Sabina Gd&Slvr O 531 Sabina Gd&Slvr* Sable Res* O 4 Sable Res V 445 Sage Gold* O 0 Sailfish Rylty V 179 Saint Jean* O 406 Saint Jean V 581 Salazar Res* O 703 Salazar Res V 347 2 Salt Lake Pot* O Sama Res V 78 Sama Res* O 7 Samco Gold V 433 Samex Mng* O 11 52 San Gold Corp* O San Marco Res* O 352 442 San Marco Res V V 875 Sanatana Diam Sandfire Res V 104 Sandfire Res* O 136 O 264 Sandspring Res* V 356 Sandspring Res T 2444 Sandstorm Gold X 6874 Sandstorm Gold* 7 Sandy Lake Gld* O Sandy Lake Gld V 1301 Santa Fe Gold* O 2107 V 696 Santacruz Silv Sarama Res V 4751 Sarissa Res* O 209 Satori Res V 417 Satori Res* O 92 Saturn Mnrls V 472 Savary Gold V 3474 Savary Gold* O 160 Saville Res V 70 O 73 Scandium Intl* 609 Scandium Intl T Scorpio Gold V 1514 Scotch Creek 100 ScoZinc Mg V 1 ScoZinc Mg* O 0 Seabridge Gld T 268 Seabridge Gld* N 1504 Search Mnls V 416 Search Mnls* O 50 Searchlight* O 11 O 586 SearchlightMin* V 107 SearchlightRes Secova Mtls V 2166 Secova Mtls* O 18 Sego Res V 943 Select Sands V 597 T 7254 Semafo Serabi Gold T 51 Serengeti Res V 744 Shamrock Ent 740 Sherritt Intl T 5151 O 31 Shine Minerals* 22113 N Sibanye-Stillw* O 3 Sibanye-Stillw* O 781 Sidney Resrces* Sienna Res* O 15 Sienna Res V 123 9 Sierra Madre D V Sierra Metals T 313 Sierra Metals* X 386 V 8 Sigma Lithium O 257 Signature Res* Signature Res V 619 36 Silver Bear Rs* O 137 Silver Bear Rs T Silver Bull Re* O 1494 890 Silver Bull Re T 0 Silver Fields* O Silver Grail V 38 410 Silver Mtn Mns V Silver Mtn Mns* O 410 Silver Phoenix 60 Silver Predatr V 8 Silver Range* O 5 Silver Range V 54 Silver Scott* O 86 O 13 Silver Spruce* Silver Spruce V 592 Silver Viper V 314 T 1003 Silvercorp Met X 1742 Silvercorp Met* SilverCrest* X 455 SilverCrest V 545 O 8 Silverstar Res* Sirios Res V 1437 Sirios Res* O 48 Sitka Gold 98 Sixty North* O 48 Sixty North 207 Skeena Res* O 929 Skeena Res V 2871 V 541 Skyharbour Res O 390 Skyharbour Res* Slam Explor V 223 319 Slave Lake Zn V 122 Sojourn Explor O 500 Sojourn Explor* Sokoman Min V 1945 O 430 Sokoman Min* SolGold plc T 170 SolGold plc* O 61 X 207 Solitario Ex&R* T 21 Solitario Ex&R Solstice Gold V 211 13 Sonora Gld & S V Sonoro Mtls* O 2 Sonoro Mtls V 109 South32* O 5 O 18 Southern Arc* Southern Arc V 41 N 4785 Southern Copp* O 82 Southern Silvr* Southern Silvr V 92 Spanish Mtn Gd* O 664 Spanish Mtn Gd V 1128 Sparton Res V 113 Sparton Res* O 80 O 936 Spearmint Res* Spearmint Res 842 Spey Resources 166 Sphinx Res V 1162 173 Sprott Res Hld T Spruce Ridge R V 2955 SRG Graphite V 163 SSR Mining* D 3968 T 1294 SSR Mining St Augustine T 2016 St-Georges Eco 3683 O 35 St-Georges Eco* V 219 Stakeholdr Gld O 62 Stakeholdr Gld* O 3309 Standard Graph* Standard Lith V 802 O 164 Standard Metal* Stans Energy V 198 O 243 Stans Energy* O 139 Star Diamond* Star Diamond T 1426 Star Gold* O 45 Starcore Intl T 21 O 0 Steele Oceanic* Stellar Africa V 88 Stelmine Can V 70 Steppe Gold T 59 Sterling Grp* O 80 T 759 Stornoway Diam O 265 Stornoway Diam* Stratabd Mnr V 80 Strateco Res* O 139 O 109 Strategic Metl* Strategic Metl V 147 Strategic Res V 30 O 0 Strategic Res* Stria Lithium V 251 V 162 Strikepoint Gd O 81 Strikepoint Gd* V 655 Strongbow Expl Stroud Res V 70 Sulliden Mng T 474 Sun Metals V 1599 Suncor Energy T 28221 N 17634 Suncor Energy*

1.11 1.40 1.28 1.35 - 0.04 1.82 0.85 1.08 0.95 1.01 - 0.04 1.48 0.10 0.11 0.10 0.11 + 0.01 0.28 0.13 0.17 0.00 0.16 + 0.01 0.37 0.00 unch 0.00 0.09 0.00 0.00 0.00 0.70 1.13 1.00 1.13 + 0.08 2.00 0.01 0.03 0.03 0.03 - 0.00 0.05 0.02 unch 0.00 0.16 0.04 0.03 0.04 0.07 0.11 0.11 0.11 + 0.01 0.12 0.10 0.15 0.14 0.15 - 0.01 0.17 0.40 0.40 0.40 + 0.04 0.47 0.31 0.22 0.29 0.27 0.28 + 0.01 0.47 0.17 0.21 0.20 0.21 + 0.00 0.37 0.02 0.08 0.07 0.07 + 0.01 0.08 0.00 0.00 0.00 0.00 + 0.00 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.06 0.04 0.06 - 0.01 0.22 0.05 0.08 0.07 0.07 unch 0.00 0.29 0.07 0.02 unch 0.00 0.06 0.05 0.05 0.05 0.06 0.10 0.00 0.08 - 0.02 0.11 0.05 0.08 0.06 0.07 - 0.00 0.10 0.13 0.21 0.18 0.20 - 0.00 0.28 0.17 0.27 0.25 0.26 + 0.01 0.35 4.60 7.68 7.02 7.64 + 0.37 7.76 3.48 5.73 5.28 5.68 + 0.22 5.89 0.09 0.08 0.08 - 0.01 0.10 0.03 0.12 0.10 0.11 - 0.01 0.14 0.04 0.09 0.05 0.06 - 0.04 0.15 0.04 0.05 0.06 0.05 0.05 - 0.01 0.16 0.05 0.12 0.07 0.11 + 0.02 0.14 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.04 unch 0.00 0.13 0.10 0.08 0.08 0.03 0.07 0.07 0.07 + 0.01 0.08 0.12 unch 0.00 0.30 0.17 0.16 0.17 0.04 0.11 0.11 0.11 + 0.01 0.11 0.02 unch 0.00 0.08 0.08 0.08 0.08 0.04 0.05 0.04 0.05 + 0.01 0.11 0.11 0.14 0.12 0.13 - 0.00 0.24 0.19 0.17 0.18 - 0.01 0.32 0.13 0.01 0.05 0.04 0.05 + 0.01 0.06 0.12 unch 0.00 0.13 0.12 0.12 0.12 0.41 unch 0.00 1.35 0.53 0.00 0.53 0.30 0.44 0.00 0.44 - 0.02 0.99 12.89 19.49 17.76 19.47 + 0.87 20.10 10.20 14.54 13.23 14.50 + 0.51 15.30 0.03 0.04 0.04 0.04 - 0.01 0.09 0.03 unch 0.00 0.07 0.04 0.04 0.04 0.01 0.03 0.02 0.03 + 0.00 0.16 0.01 0.05 0.02 0.04 + 0.02 0.05 0.02 unch 0.00 0.23 0.04 0.03 0.04 0.02 unch 0.00 0.25 0.04 0.04 0.04 0.01 unch 0.00 0.10 0.03 0.00 0.03 0.03 0.04 0.03 0.04 + 0.01 0.07 0.07 unch 0.00 0.51 0.10 0.08 0.09 2.24 3.85 3.50 3.83 + 0.08 4.14 0.49 0.80 0.65 0.80 + 0.15 1.60 0.12 0.40 0.27 0.28 - 0.11 0.60 0.02 unch 0.00 0.07 0.03 0.02 0.03 0.37 0.50 0.43 0.44 - 0.04 1.34 0.04 0.04 0.04 0.04 + 0.00 0.10 2.02 4.31 3.89 4.04 - 0.20 4.50 0.53 unch 0.00 1.07 1.08 1.08 1.08 0.00 0.00 0.00 0.00 - 0.00 0.01 0.03 0.03 0.03 0.03 + 0.00 0.22 0.04 0.05 0.05 0.05 + 0.01 0.29 0.11 0.07 0.07 - 0.04 0.15 0.07 2.11 2.33 2.15 2.15 - 0.16 3.85 1.53 1.75 1.61 1.61 - 0.13 3.00 1.20 1.88 1.77 1.78 - 0.12 2.40 0.04 0.06 0.06 0.06 + 0.00 0.11 0.05 unch 0.00 0.14 0.08 0.07 0.08 0.11 0.10 0.10 - 0.00 0.20 0.10 0.15 0.14 0.14 unch 0.00 0.26 0.11 0.10 0.09 0.10 - 0.01 0.20 0.09 0.14 0.13 0.13 - 0.01 0.27 0.11 0.00 0.00 0.00 unch 0.00 0.03 0.05 0.04 0.04 - 0.01 0.10 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.01 0.01 0.01 unch 0.00 0.01 0.01 0.03 0.10 0.00 0.14 + 0.04 0.22 0.07 unch 0.00 0.14 0.07 0.07 0.07 0.06 unch 0.00 0.13 0.10 0.10 0.10 0.08 unch 0.00 0.18 0.12 0.11 0.12 0.01 0.05 0.02 0.02 - 0.00 0.10 0.01 0.02 0.01 0.01 - 0.01 0.04 0.02 0.03 0.02 0.02 - 0.01 0.06 0.07 unch 0.00 0.25 0.24 0.19 0.23 2.43 3.54 3.30 3.51 + 0.13 4.02 1.83 2.64 2.43 2.64 + 0.10 3.12 1.58 3.75 3.27 3.60 + 0.03 3.89 2.03 4.95 4.41 4.80 + 0.04 5.02 0.01 0.04 0.04 0.04 - 0.01 0.22 0.12 0.27 0.24 0.27 + 0.04 0.28 0.09 0.20 0.19 0.20 + 0.00 0.22 0.04 0.14 0.10 0.12 - 0.03 0.30 0.04 unch 0.00 0.16 0.05 0.05 0.05 0.04 0.07 0.06 0.06 - 0.01 0.24 0.19 0.30 0.24 0.27 + 0.04 0.56 0.27 0.40 0.31 0.37 + 0.06 0.72 0.33 unch 0.00 0.57 0.37 0.33 0.35 0.25 0.27 0.25 0.26 - 0.01 0.44 0.02 0.03 0.02 0.02 - 0.01 0.06 0.10 0.08 0.08 - 0.01 0.13 0.06 0.07 0.12 0.08 0.09 - 0.03 0.21 0.06 unch 0.00 0.16 0.09 0.09 0.09 0.03 0.12 0.11 0.11 - 0.02 0.58 0.00 0.09 0.07 0.08 - 0.01 0.45 0.32 0.65 0.63 0.65 + 0.01 0.71 0.27 0.49 0.47 0.48 - 0.01 0.58 0.19 0.30 0.28 0.29 + 0.00 0.52 0.26 0.40 0.38 0.39 + 0.01 0.68 0.11 0.15 0.13 0.15 + 0.01 0.38 0.07 0.07 0.07 unch 0.00 0.14 0.05 0.07 unch 0.00 0.16 0.14 0.14 0.14 0.07 unch 0.00 0.20 0.19 0.17 0.18 2.16 2.76 2.72 2.72 - 0.04 3.10 0.20 0.42 0.36 0.42 + 0.06 0.46 0.27 0.59 0.00 0.57 + 0.03 0.60 29.01 36.51 35.00 35.84 + 0.07 58.09 0.08 0.17 0.15 0.16 - 0.01 0.23 0.11 0.23 0.19 0.20 - 0.03 0.29 0.07 0.05 0.06 + 0.01 0.11 0.03 0.09 0.07 0.09 + 0.01 0.13 0.05 0.04 0.06 0.05 0.05 - 0.01 0.12 0.03 0.03 0.03 0.03 - 0.00 0.09 0.00 0.03 0.01 0.03 - 0.00 0.08 0.02 0.03 0.03 0.03 - 0.01 0.09 0.07 0.09 0.07 0.08 - 0.02 0.16 0.03 0.06 0.05 0.05 - 0.02 0.08 1.51 1.32 1.33 - 0.17 2.70 0.98 0.10 0.06 0.07 - 0.04 0.13 0.02 0.64 1.06 0.90 0.95 - 0.10 1.80 14.37 13.05 14.34 + 0.94 15.17 8.11 19.26 17.36 19.23 + 1.41 0.02 unch 0.00 0.03 0.03 0.02 0.02 0.04 0.23 0.15 0.19 + 0.04 0.50 0.03 0.15 0.12 0.15 + 0.05 0.38 0.05 0.05 0.05 0.05 - 0.01 0.29 0.03 0.03 0.02 0.02 - 0.00 0.22 0.29 0.43 0.36 0.41 + 0.04 1.13 0.80 1.00 0.96 0.96 - 0.03 2.26 0.02 unch 0.00 0.23 0.08 0.05 0.08 0.02 0.04 0.03 0.04 + 0.01 0.05 0.01 unch 0.00 0.04 0.03 0.02 0.03 0.12 0.19 0.18 0.18 + 0.03 0.29 0.17 0.26 0.22 0.24 + 0.03 0.38 0.02 0.04 0.04 0.04 - 0.01 0.30 0.09 0.12 0.11 0.11 - 0.02 0.25 0.55 unch 0.00 1.98 0.00 0.00 0.55 0.01 0.03 0.02 0.03 + 0.01 0.06 0.09 0.12 0.11 0.12 + 0.01 0.26 0.60 0.80 0.77 0.80 + 0.04 2.01 0.01 unch 0.00 0.10 0.01 0.01 0.01 0.17 0.20 0.19 0.20 + 0.01 0.62 0.12 0.15 0.14 0.14 + 0.00 0.47 0.02 unch 0.00 0.08 0.03 0.02 0.02 0.00 0.00 0.00 0.00 - 0.00 0.01 0.22 0.26 0.24 0.25 - 0.01 0.38 0.31 0.34 0.32 0.33 - 0.02 0.48 0.16 0.25 0.00 0.23 - 0.07 0.39 0.12 unch 0.00 0.22 0.00 0.00 0.22 0.02 0.03 0.03 0.03 - 0.01 0.05 0.11 0.14 0.13 0.13 + 0.01 0.29 0.08 0.10 0.09 0.09 + 0.00 0.23 0.10 0.12 0.10 0.12 + 0.02 0.28 0.01 unch 0.00 0.02 0.02 0.01 0.01 0.08 0.10 0.09 0.09 - 0.02 0.44 0.12 0.55 0.44 0.49 - 0.04 0.62 35.53 45.76 43.44 43.70 - 1.77 55.47 25.81 34.40 32.35 32.64 - 1.56 42.55

2019-03-12 2:39 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / MARCH 18–31, 2019

Week

12-month

Exc Volume High Low Last Change High Low

Sunvest Mnrls V 521 O 10 Sunvest Mnrls* O 7 Superior Gold* Superior Gold V 492 Supreme Metals 882 Surge Copper V 244 Surge Explor* O 114 Surge Explor V 421 Sutter Gold* O 50 Sutter Gold V 157 Syrah Res* O 130

0.04 0.03 0.03 - 0.01 0.10 0.03 0.03 0.00 0.03 unch 0.00 0.09 0.02 0.48 0.43 0.43 - 0.10 1.28 0.43 0.68 0.58 0.65 - 0.01 1.62 0.58 0.03 0.03 0.03 unch 0.00 0.08 0.02 0.07 0.05 0.06 - 0.01 0.25 0.04 0.03 0.02 0.02 - 0.01 0.36 0.02 0.04 0.04 0.04 - 0.01 0.28 0.04 0.01 0.01 0.01 - 0.00 0.02 0.01 0.01 0.00 0.01 - 0.01 0.03 0.01 0.98 0.81 0.84 - 0.12 3.00 0.85

Tahoe Res* N 201316 Taiga Gold* O 56 Taiga Gold 283 Tajiri Res V 595 Taku Gold* O 1 Taku Gold 92 Talmora Diamd 132 Talon Metals T 908 O 996 Tamerlane Vent* O 23132 Tamino Mnrls* Tanager Energy V 138 Tango Mining V 188 V 265 Tanqueray Expl Tantalex Res 268 Tanzania Rlty T 181 X 985 Tanzania Rlty* Taranis Res* O 15 Taranis Res V 71 Tarku Res V 440 Tartisan Nick* O 23 Tartisan Nick 794 Tasca Res V 981 Tasca Res* O 7 Taseko Mines T 718 X 1433 Taseko Mines* Tearlach Res V 2 T 7497 Teck Res Teck Res T 15 Teck Res* N 10575 10 Telson Res * O Telson Res V 80 Tembo Gold V 67 Tembo Gold* O 15 Teranga Gold T 668 O 147 Teranga Gold* Teras Res* O 5 Teras Res V 321 Terraco Gold V 316 Terrax Mnrls* O 47 Terrax Mnrls V 162 Terreno Res V 35 Teslin Rvr Res V 5185 Tesoro Mnrls V 0 Tethyan Res V 1292 Teuton Res V 98 Teuton Res* O 10 O 59 Texas Mineral* Themac Res V 24 Thor Expl V 53 33 Thunder Mtn Gd* O V 1201 Thunderstruck Thunderstruck* O 244 Tiger Intl V 10 Till Capital V 0 V 210 Timberline Res Timberline Res* O 162 Tinka Res V 253 Tinka Res* O 253 Tisdale Res V 11 Titan Mining T 115 Titan Mining* O 130 V 64 Titanium Corp O 339 TMAC Resource*

3.80 3.59 3.64 unch 0.00 5.63 2.18 0.07 0.05 0.06 - 0.01 0.16 0.05 0.10 0.08 0.09 - 0.01 0.21 0.07 0.08 0.00 0.05 - 0.03 0.18 0.05 0.04 0.04 0.04 unch 0.00 0.12 0.02 0.05 0.00 0.05 - 0.01 0.15 0.04 0.04 0.03 0.04 unch 0.00 0.06 0.01 0.12 0.00 0.11 + 0.03 0.12 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.00 + 0.00 0.00 0.00 0.06 0.05 0.05 - 0.01 0.14 0.03 0.02 0.00 0.02 unch 0.00 0.04 0.02 0.80 0.73 0.75 - 0.05 1.32 0.48 0.06 0.04 0.05 unch 0.00 0.17 0.03 0.85 0.72 0.81 + 0.01 0.92 0.34 0.64 0.55 0.60 - 0.02 0.68 0.25 0.06 0.06 0.06 unch 0.00 0.10 0.03 0.08 0.07 0.08 unch 0.00 0.12 0.05 0.04 0.04 0.04 unch 0.00 0.05 0.02 0.06 0.05 0.05 - 0.01 0.09 0.04 0.07 0.06 0.07 + 0.01 0.16 0.02 0.04 0.04 0.04 unch 0.00 0.13 0.03 0.03 0.03 0.03 - 0.01 0.10 0.02 0.91 0.75 0.78 - 0.12 1.86 0.60 0.69 0.56 0.58 - 0.10 1.44 0.44 0.00 0.00 0.05 unch 0.00 0.05 0.03 30.54 28.72 28.94 - 0.26 39.08 23.90 30.50 28.80 28.95 - 0.35 39.00 23.89 22.74 21.39 21.58 - 0.40 30.11 18.17 0.31 0.30 0.30 unch 0.00 0.74 0.25 0.39 0.37 0.38 + 0.01 1.00 0.35 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.00 0.00 0.02 unch 0.00 0.03 0.01 4.24 3.88 4.17 - 0.07 5.63 3.18 3.23 2.92 3.14 - 0.12 4.33 2.40 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.07 0.05 0.05 - 0.02 0.12 0.04 0.07 0.06 0.06 - 0.01 0.10 0.06 0.29 0.28 0.28 - 0.00 0.39 0.25 0.39 0.36 0.36 - 0.04 0.50 0.33 0.04 0.04 0.04 - 0.01 0.06 0.02 0.53 0.47 0.51 + 0.03 0.57 0.33 0.00 0.00 0.05 unch 0.00 0.08 0.05 0.68 0.58 0.62 + 0.01 0.68 0.14 0.15 0.14 0.15 + 0.01 0.24 0.10 0.10 0.10 0.10 - 0.00 0.18 0.07 0.23 0.20 0.23 + 0.01 0.35 0.10 0.05 0.05 0.05 unch 0.00 0.10 0.03 0.16 0.16 0.16 unch 0.00 0.22 0.13 0.09 0.07 0.09 + 0.00 0.22 0.04 0.10 0.07 0.07 - 0.03 0.12 0.04 0.08 0.05 0.06 - 0.02 0.15 0.03 0.09 0.09 0.09 unch 0.00 0.17 0.04 2.15 0.00 2.15 unch 0.00 5.01 1.74 0.11 0.09 0.10 - 0.02 0.26 0.07 0.08 0.07 0.07 - 0.02 0.21 0.00 0.33 0.31 0.32 + 0.01 0.58 0.29 0.24 0.23 0.24 + 0.00 0.45 0.21 0.17 0.17 0.17 - 0.01 0.86 0.16 0.80 0.70 0.75 - 0.07 1.50 0.68 0.58 0.52 0.52 - 0.04 1.05 0.56 0.50 0.47 0.49 - 0.01 1.05 0.47 4.40 3.68 3.82 - 0.71 7.17 3.07

T

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

TMAC Resources T 610 TNR Gold V 427 0 Toachi Mg Inc* O Toachi Mg Inc V 822 Tocvan Venture 58 O 420 Tombstone Expl* Tonogold Res* O 8 Torex Gold* O 23 Torex Gold T 1236 O 52 Torq Resources* Torq Resources V 91 Tower Res* O 14 Tower Res V 2151 Transatlantic V 69 Transition Met V 482 O 23 Transition Met* Treasury Metal T 255 Treasury Metal* O 88 Trecora Res* N 205 Tres-Or Res V 321 Trevali Mng* O 452 Trevali Mng T 7856 338 Tri Origin Exp V Trifecta Gold V 123 Trifecta Gold* O 20 Trigen Res* O 566 Trilogy Mtls T 106 Trilogy Mtls* X 760 O 19 TriMetals Mng* TriMetals Mng* O 74 TriMetals Mng T 197 Trinity Res* O 0 Trinity Valley V 184 Trinity Valley* O 0 Trio Resources* O 435 TriStar Gold* O 14 TriStar Gold V 42 Triumph Gold V 79 O 72 Triumph Gold* Troilus Gold* O 9 Troilus Gold T 302 Troubadour Res V 1210 Troy Res* O 0 Troymet Expl V 320 True Grit Res V 8 True North Gem V 2 True North Gem* O 3 Trueclaim Expl* O 100 V 1268 Trueclaim Expl Tsodilo Res V 117 Tudor Gold * O 17 Tudor Gold V 144 Turquoise HIl T 10164 Turquoise HIl* N 31744 TVI Pacific* O 10 TVI Pacific V 259 Tyhee Gold* O 1418 Typhoon Expl V 34

5.90 4.90 5.13 - 0.79 0.05 0.03 0.05 + 0.01 0.06 0.03 0.07 0.07 0.07 unch 0.00 0.15 0.06 0.12 0.09 0.11 + 0.01 0.20 0.07 0.12 0.11 0.12 + 0.02 0.12 0.10 0.01 0.00 0.01 - 0.00 0.01 0.00 0.18 0.17 0.17 - 0.01 0.20 0.00 12.18 11.36 12.15 + 0.26 12.64 5.73 16.36 15.07 16.30 + 0.46 16.62 7.29 0.30 0.28 0.28 - 0.03 0.56 0.25 0.40 0.37 0.37 - 0.02 0.70 0.32 0.03 0.03 0.03 unch 0.00 0.12 0.01 0.06 0.04 0.05 + 0.01 0.17 0.02 0.05 0.04 0.04 - 0.02 0.06 0.03 0.11 0.09 0.10 unch 0.00 0.18 0.06 0.08 0.08 0.08 - 0.00 0.14 0.07 0.32 0.29 0.32 + 0.02 0.58 0.21 0.24 0.23 0.24 + 0.01 0.45 0.16 10.16 8.94 9.10 - 0.65 15.60 6.69 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.28 0.25 0.26 - 0.02 1.16 0.24 0.38 0.34 0.35 - 0.02 1.49 0.32 0.03 0.02 0.03 + 0.01 0.04 0.01 0.07 0.00 0.06 + 0.01 0.13 0.05 0.05 0.03 0.05 + 0.01 0.10 0.03 0.29 0.26 0.28 + 0.00 1.01 0.19 3.20 2.94 3.09 + 0.12 3.20 1.32 2.38 2.15 2.36 + 0.06 2.38 1.05 0.05 0.04 0.05 + 0.01 0.18 0.02 0.08 0.06 0.07 + 0.01 0.23 0.04 0.07 0.06 0.07 unch 0.00 0.23 0.03 0.01 0.00 0.01 - 0.01 0.20 0.01 0.10 0.08 0.08 - 0.01 0.13 0.04 0.03 0.03 0.03 unch 0.00 0.03 0.03 0.00 0.00 0.00 + 0.00 0.00 0.00 0.11 0.10 0.10 - 0.02 0.20 0.07 0.15 0.14 0.14 - 0.02 0.27 0.09 0.40 0.38 0.40 + 0.01 0.80 0.30 0.30 0.28 0.30 - 0.00 0.60 0.22 0.81 0.68 0.73 - 0.07 1.14 0.45 1.00 0.82 0.90 unch 0.00 1.97 0.40 0.11 0.09 0.09 unch 0.00 0.25 0.08 0.00 0.00 0.09 unch 0.00 0.13 0.06 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.15 0.00 0.15 + 0.03 1.50 0.10 0.11 0.11 0.11 unch 0.00 0.11 0.00 0.06 0.06 0.06 unch 0.00 0.11 0.06 0.10 0.09 0.10 + 0.01 0.28 0.07 0.27 0.24 0.27 + 0.02 0.65 0.19 0.22 0.21 0.22 + 0.01 0.34 0.15 0.29 0.27 0.28 unch 0.00 0.46 0.20 2.45 2.07 2.12 - 0.22 4.37 1.94 1.84 1.54 1.59 - 0.15 3.34 1.43 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.02 0.01 0.01 unch 0.00 0.02 0.01 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.04 0.04 unch 0.00 0.09 0.03

U.S. Gold* D 428 U.S. Lithium* O 27 U3O8 Corp* O 48 U3O8 Corp T 241 Ubique Mineral 2 UC Res* O 61 Ucore Rare Mtl V 384 Ucore Rare Mtl* O 355 UEX Corp T 4867 Ultra Lithium V 38 Umbral Enrgy* O 814 Unigold* O 63 Unigold V 210 United Battery 529 United Battery* O 540 United Res Hdg* O 489 United States A* X 195

0.95 0.82 0.85 - 0.09 1.95 0.74 0.35 0.22 0.30 + 0.08 1.44 0.09 0.13 0.11 0.11 - 0.02 0.35 0.11 0.19 0.14 0.15 - 0.02 0.50 0.14 0.20 0.00 0.20 + 0.01 0.25 0.06 0.82 0.59 0.59 - 0.05 1.27 0.00 0.12 0.10 0.11 unch 0.00 0.25 0.10 0.09 0.07 0.08 + 0.00 0.20 0.07 0.17 0.14 0.16 + 0.01 0.35 0.14 0.10 0.10 0.10 + 0.01 0.31 0.08 0.42 0.33 0.34 - 0.02 0.42 0.11 0.10 0.09 0.09 - 0.02 0.20 0.09 0.12 0.11 0.11 - 0.01 0.27 0.11 0.07 0.06 0.06 - 0.01 1.68 0.06 0.06 0.05 0.05 + 0.00 1.58 0.04 0.06 0.04 0.06 + 0.01 0.07 0.01 0.55 0.49 0.49 - 0.06 1.05 0.23

U-V

(100s) Stock

Week

12-month

(100s)

Exc Volume High Low Last Change High Low

United States S* N 46064 Unity Metals V 720 Unity Metals* O 1 V 1867 Universal Vent Ur-Energy T 339 Ur-Energy* X 3699 Uragold Bay Rs V 1912 X 4789 Uranium Energy* O 2 Uranium Hunter* Uranium Res* D 3367 Uravan Mnrls V 195 V 94 UrbanGold Min USCorp* O 3600 Val-d’Or Mg* O 1 Val-d’Or Mg V 12 146107 N Vale* Valley High Mg* O 1290 O 16 ValOre Metals* ValOre Metals V 218 Valterra Res* O 75 Valterra Res V 430 O 32 Vanadian Enrgy* V 50 Vanadian Enrgy V 1350 Vanadium One O 58 Vanadiumcorp* V 394 Vanadiumcorp Vangold Res* O 0 Vanstar Mng Rs V 1278 Vantex Res V 20 Vatic Vent V 1244 Vatic Vent* O 84 Vela Minerals V 2 O 56 Velocity Mnrls* Velocity Mnrls V 230 O 31 Vendetta Mng* Vendetta Mng V 914 V 0 Venerable Vent Verde Potash T 177 Verde Res* O 1247 Veris Gold* O 20 Vertical Expl V 29 Victoria Gold V 2798 O 30 Victory Metals* V 92 Victory Metals Victory Nickel 144 Victory Res 20 Victory Res* O 30 Virginia Enrgy V 171 O 110 Virginia Enrgy* Viscount Mng V 102 8 Visible Gold M V Vision Lithium V 151 O 16 Vision Lithium* Vista Gold* X 792 Vista Gold T 24 Viva Gold V 75 Viva Gold* O 5 Vizsla Res V 34 Volcanic Gold V 402 O 100 Volcanic Gold* Volt Energy V 43 Voltaic Min V 87 O 32 Voyageur Min* Voyageur Min V 179 O 5 VR Resources* V 444 VR Resources Vulcan Mnrls V 34 VVC Expl V 133

22.58 19.06 19.25 - 3.05 46.25 17.09 0.10 1.20 1.06 1.16 + 0.07 1.28 0.11 unch 0.00 0.88 0.83 0.83 0.83 0.28 unch 0.00 0.63 0.45 0.39 0.41 0.74 0.99 0.93 0.94 - 0.05 1.19 0.54 0.79 0.70 0.71 - 0.03 0.93 0.12 0.08 0.09 + 0.01 0.12 0.06 1.12 1.27 1.21 1.24 - 0.02 1.89 0.26 1.16 0.55 1.01 - 0.14 1.99 0.13 0.16 0.14 0.15 + 0.02 0.86 0.02 unch 0.00 0.06 0.03 0.03 0.03 0.10 0.14 0.13 0.14 + 0.02 0.16 0.00 0.00 0.00 0.00 + 0.00 0.02 0.06 unch 0.00 0.09 0.06 0.06 0.06 0.09 unch 0.00 0.14 0.09 0.00 0.09 10.89 12.91 11.92 12.59 + 0.20 16.13 0.01 0.01 0.01 - 0.00 0.01 0.00 0.00 0.19 0.17 0.17 - 0.02 0.48 0.11 unch 0.00 0.90 0.26 0.23 0.25 0.01 unch 0.00 0.04 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.03 0.03 0.03 0.01 0.05 0.04 0.04 + 0.00 0.13 0.05 0.06 0.06 0.06 + 0.01 0.18 0.04 0.13 0.10 0.11 - 0.02 0.29 0.01 0.08 0.06 0.06 - 0.00 0.15 0.06 unch 0.00 0.14 0.09 0.08 0.08 0.01 unch 0.00 0.11 0.00 0.00 0.02 0.17 0.16 0.17 - 0.01 0.18 0.07 0.14 unch 0.00 0.40 0.28 0.28 0.28 0.06 unch 0.00 0.32 0.10 0.08 0.10 0.01 unch 0.00 0.64 0.07 0.06 0.07 0.15 unch 0.00 0.30 0.15 0.15 0.15 0.09 0.21 0.20 0.21 + 0.01 0.23 0.13 unch 0.00 0.30 0.29 0.27 0.28 0.08 0.10 0.09 0.09 - 0.00 0.20 0.11 unch 0.00 0.26 0.13 0.12 0.13 0.08 unch 0.00 0.13 0.00 0.00 0.10 0.53 0.81 0.63 0.79 + 0.17 1.25 0.00 0.01 0.00 0.01 + 0.01 0.03 0.00 0.00 0.00 0.00 - 0.00 0.01 0.05 0.09 0.08 0.08 + 0.01 0.21 0.30 0.50 0.44 0.49 - 0.01 0.55 0.47 unch 0.00 0.56 0.56 0.56 0.56 0.38 0.77 0.68 0.75 + 0.04 0.77 0.01 unch 0.00 0.07 0.03 0.02 0.03 0.02 0.18 0.00 0.18 + 0.06 0.18 0.08 unch 0.00 0.23 0.08 0.08 0.08 0.09 unch 0.00 0.36 0.19 0.00 0.19 0.07 0.13 0.11 0.11 - 0.03 0.28 0.15 0.25 0.22 0.25 + 0.02 0.36 0.09 0.00 0.08 - 0.01 0.13 0.04 0.08 0.12 0.10 0.10 - 0.01 0.60 0.06 0.09 0.08 0.08 + 0.01 0.43 0.37 0.80 0.71 0.77 + 0.03 0.92 0.56 1.07 0.96 1.03 + 0.04 1.24 0.21 unch 0.00 0.48 0.36 0.29 0.33 0.21 unch 0.00 0.40 0.25 0.25 0.25 0.13 0.16 0.14 0.16 + 0.01 0.20 0.02 0.06 0.04 0.05 + 0.01 0.23 0.02 unch 0.00 0.07 0.03 0.03 0.03 0.03 0.06 0.05 0.05 - 0.02 0.42 0.13 0.27 0.23 0.23 + 0.01 0.37 0.04 0.09 0.08 0.08 - 0.01 0.10 0.05 0.11 0.10 0.10 - 0.01 0.12 0.11 0.13 0.13 0.13 + 0.01 0.35 0.14 0.17 0.16 0.17 + 0.01 0.43 0.03 0.04 0.03 0.03 - 0.01 0.07 0.02 unch 0.00 0.05 0.03 0.03 0.03

Walker Lane* O 2 Walker River* O 90 Walker River V 7515 T 4152 Wallbridge Mng Warrior Gold* O 3 Warrior Gold V 65

0.05 0.30 0.25 0.30 + 0.02 0.40 0.03 0.10 0.08 0.10 + 0.00 0.19 0.05 0.15 0.11 0.14 + 0.01 0.27 0.06 unch 0.00 0.35 0.29 0.27 0.28 0.03 unch 0.00 0.14 0.04 0.04 0.04 0.04 unch 0.00 0.20 0.09 0.00 0.08

W-Z

Stock

Week

23

12-month

Exc Volume High Low Last Change High Low

Waseco Res V 50 Wealth Mnrls V 997 Wealth Mnrls* O 1041 Wescan Gldflds V 28 Wesdome Gold* O 769 Wesdome Gold T 3889 West African V 1581 West High Yld V 120 West Kirkland V 304 West Kirkland * O 25 94 West Red Lake* O West Red Lake 262 Western Areas* O 3 Western Atlas V 75 O 1 Western Atlas* Western Copper T 57 Western Copper* X 310 Western Pac Rs V 0 1 Western Pac Rs* O Western Potash T 532 Western Res* O 13 Western U&V 256 O 239 Western U&V* Westhaven Vent* O 29 Westhaven Vent V 379 Westkam Gold* O 120 Westkam Gold V 191 V 5 Westminster Rs Westminster Rs* O 0 Westmoreland* O 881 WestMountain* O 0 Wheaton Prec M* N 8426 Wheaton Prec M T 4877 White Energy* O 4 White Gold* O 32 White Gold V 469 White Metal R* O 32 White Metal Rs V 630 White Mtn Engy* O 240 Wildsky Res* O 0 Winston Gold* O 65 Winston Gold 142 Winston Res 83 0 Winston Res* O Wolfden Res V 192 Wolfden Res* O 40 Wolfeye Res V 318 O 12 Worldwide Res* Worldwide Res V 13 X-Terra Res V 95 Xanadu Mines* O 200 T 104 Xanadu Mines Xiana Mng V 5 Xiana Mng* O 11 Ximen Mining* O 1 Ximen Mining V 1007 Xtierra Inc V 502 Xtra-Gold Res T 16 Xtra-Gold Res* O 5 14780 Yamana Gold T Yamana Gold* N 69413 Yorbeau Res T 160 Yorbeau Res* O 1079 0 You Han Data* O Zadar Ventures V 671 Zanzibar Gold 193 ZEN Graphene V 57 O 32 ZEN Graphene* Zena Mining V 200 Zephyr Mnls V 62 Zephyr Mnls* O 44 Zimtu Capital V 45 Zinc One Res V 394 Zinc One Res * O 37 ZincX Res V 263 ZincX Res* O 15 Zonte Metals V 178 Zonte Metals* O 7

0.03 0.03 0.03 unch 0.00 0.06 0.02 0.48 0.38 0.48 + 0.10 2.00 0.34 0.36 0.29 0.36 + 0.07 1.55 0.26 0.03 0.00 0.03 - 0.02 0.09 0.01 3.69 3.37 3.65 + 0.15 4.25 1.31 4.95 4.47 4.90 + 0.25 5.46 1.71 0.28 0.24 0.26 + 0.01 0.43 0.14 0.40 0.36 0.36 unch 0.00 0.60 0.20 0.06 0.05 0.05 - 0.01 0.09 0.04 0.05 0.05 0.05 - 0.00 0.07 0.03 0.07 0.06 0.06 - 0.01 0.09 0.03 0.09 0.07 0.09 + 0.01 0.12 0.05 1.74 1.66 1.72 - 0.02 2.82 1.27 0.10 0.08 0.09 + 0.01 0.26 0.05 0.05 0.05 0.05 unch 0.00 0.07 0.05 0.87 0.82 0.85 - 0.02 1.30 0.52 0.66 0.61 0.63 - 0.03 1.01 0.35 0.00 0.00 0.58 unch 0.00 1.20 0.32 0.31 0.29 0.30 - 0.12 0.62 0.01 0.27 0.20 0.20 - 0.06 0.45 0.20 0.19 0.19 0.19 unch 0.00 0.32 0.15 1.17 1.10 1.15 + 0.01 3.32 0.48 0.88 0.83 0.86 - 0.00 2.70 0.83 0.67 0.61 0.63 - 0.03 1.03 0.10 0.90 0.83 0.85 + 0.03 1.43 0.12 0.00 0.00 0.00 - 0.00 0.04 0.00 0.01 0.00 0.01 + 0.01 0.05 0.01 0.06 0.00 0.06 unch 0.00 0.16 0.03 0.00 0.00 0.07 unch 0.00 0.11 0.07 0.04 0.02 0.03 - 0.01 0.55 0.01 0.00 0.00 3.00 unch 0.00 3.30 3.00 22.13 21.14 22.10 + 0.72 22.87 15.08 29.67 28.16 29.62 + 1.21 29.93 19.87 0.29 0.26 0.29 + 0.03 0.31 0.11 1.12 1.02 1.07 - 0.03 1.44 0.46 1.48 1.38 1.40 - 0.09 2.00 0.54 0.03 0.03 0.03 unch 0.00 0.19 0.02 0.05 0.04 0.04 unch 0.00 0.25 0.04 0.00 0.00 0.00 + 0.00 0.00 0.00 0.00 0.00 0.06 unch 0.00 0.77 0.05 0.04 0.03 0.04 + 0.01 0.09 0.02 0.05 0.04 0.04 - 0.01 0.09 0.03 0.04 0.03 0.04 + 0.01 0.24 0.02 0.00 0.00 0.55 unch 0.00 0.19 0.17 0.18 - 0.02 0.50 0.17 0.14 0.12 0.13 - 0.01 0.37 0.12 0.67 0.60 0.64 - 0.01 1.38 0.50 0.03 0.03 0.03 unch 0.00 0.03 0.03 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.15 0.15 0.15 - 0.01 0.21 0.09 0.00 0.00 0.03 unch 0.00 0.18 0.03 0.14 0.14 0.14 + 0.01 0.17 0.10 0.58 0.00 0.58 + 0.03 0.70 0.38 0.44 0.41 0.44 + 0.03 0.55 0.30 0.46 0.46 0.46 unch 0.00 10.27 0.10 0.60 0.50 0.60 + 0.01 0.86 0.14 0.06 0.05 0.05 - 0.01 0.08 0.03 0.43 0.40 0.43 + 0.02 0.47 0.21 0.32 0.30 0.32 - 0.01 0.45 0.11 3.58 3.24 3.58 + 0.27 4.20 2.66 2.68 2.43 2.65 + 0.16 3.23 2.00 0.03 0.03 0.03 + 0.01 0.05 0.02 0.02 0.01 0.01 unch 0.00 0.03 0.01 1.30 0.00 1.30 + 0.29 2.80 0.75 0.02 0.01 0.02 + 0.01 0.08 0.01 0.18 0.17 0.17 unch 0.00 0.22 0.10 0.51 0.47 0.48 + 0.02 0.72 0.34 0.38 0.35 0.35 - 0.02 0.56 0.27 0.06 0.06 0.06 unch 0.00 0.12 0.05 0.23 0.20 0.23 + 0.02 0.29 0.15 0.16 0.15 0.16 + 0.01 0.22 0.11 0.29 0.23 0.23 - 0.03 0.40 0.20 0.08 0.08 0.08 unch 0.00 0.40 0.07 0.06 0.06 0.06 - 0.01 0.32 0.04 0.20 0.20 0.20 unch 0.00 0.75 0.18 0.16 0.16 0.16 unch 0.00 0.56 0.14 0.30 0.29 0.29 - 0.01 0.41 0.17 0.22 0.22 0.22 unch 0.00 0.30 0.12

BID-ASK — MARCH 4–8, 2019

STOCK

12-MONTH

EXC BID ASK LAST HIGH

66 Resources C African Metals V Aguila Amer Gd V AJN Resources C Alba Minerals V Alchemist Mng C V Aldever Res Alexandra Cap C V Allante Res ALQ Gold C V Altitude Res American CuMo V Anglo-Bomarc V Antler Hill V Archon Mineral V Arcturus Vent V Arrowstar Res V Asbestos Corp V Ashanti Sanko V Astur Gold V Aurelius Min V Awale Res V Banro Corp* X BC Moly V Bearclaw Cap V Bethpage Cap V BHK Mining V Black Bull Res V Boss Power V Brunswick Res V Bullion Gold V BWR Explor V Cairo Res V Camrova Res V Canadian Silv V Canex Energy V CaNickel Mng V Caracara Silvr V Cassius Vents V Castle Peak Mg V Century Global T Cerro de Pasc C Cerro Mng V Chantrell Vent V Chinapintza Mg V Cicada Vents V CIM Intl Grp C Cleghorn Mnls V Cliffmont Res V Cliffs Nat Res* N Clydesdale Res V CMX Gold & Sil C Commander Res V Contintl Prec V CWN M’g Acq V Cyntar Venture C Cyprium Mng V Damara Gold V DeepRock Min C Dios Expl V Discovery Harb V EastCoal Inc V Edgewater Expl V Electra Stone V Essex Minerals V European Metal C EVI Global Grp C Evolving Gold C Excalibur Res C Fieldex Expl V Finore Mng C Fire River Gol V First Division C First Idaho V Full Metal Mnl V

20-23_MARCH18_StockTables.indd 23

0.16 0.17 0.12 0.27 0.06 0.09 0.06 0.19 0.27 0.20 0.28 0.05 0.08 0.06 0.20 0.15 0.16 0.16 0.28 0.05 0.05 0.06 0.14 0.04 0.07 0.05 0.09 ... ...

0.50 0.93 0.13 0.18 0.11 0.20 2.00 2.00 1.72 4.04 0.04 0.04 0.05 0.09 0.06 0.07 0.06 0.13 0.08 0.08 0.15 0.16 0.15 0.15 0.10 0.20 0.60 1.20 0.60 1.31 0.08 0.15 0.07 0.16 0.01 0.24 0.12 0.12 0.36 0.88 0.40 0.90 0.03 0.04 0.03 0.10 0.16 0.19 0.18 0.31 0.13 0.14 0.14 0.15 0.07 0.11 0.08 0.27 0.11 0.11 0.11 2.10 0.03 0.06 0.03 0.16 0.03 0.04 0.03 0.05 0.01 ...

0.07 0.10 0.02 0.02 0.02 0.10 0.18 0.10 0.17 0.20 0.17 0.03 0.04 0.03 0.05 0.06 0.15 0.10 0.47 0.05 0.05 0.05 0.08 0.22 0.40 0.30 0.42 0.06 0.06 0.07 0.11 0.01 0.10 0.06 0.08 0.05 0.23 0.17 0.32 0.08 0.12 0.12 0.17 ... 0.22 0.11 0.18 0.06 0.12 0.06 0.08 0.02 0.02 0.02 0.03 0.17 0.20 0.18 0.24 ... ...

0.29 0.34 0.13 0.18 0.14 0.21 0.06 0.09 0.06 0.12 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.02 0.20 0.59 0.59 0.63 0.06 0.09 0.07 0.14 0.13 0.22 0.13 0.90 1.45 3.20 1.43 7.17 0.03 0.06 0.04 0.08 0.04 0.05 0.05 0.12 0.09 0.10 0.09 0.25 0.35 0.37 0.36 0.46 0.05 0.07 0.05 0.18 0.09 ...

0.09 0.15 0.03 0.03 0.03 0.04 0.05 0.05 0.07 0.06 0.09 0.05 0.10 0.06 0.07 0.07 0.19 0.04 0.05 0.04 0.08 0.10 0.15 0.10 0.30 0.10 0.15 0.10 0.18 0.01 0.02 0.01 0.02 0.05 0.07 0.05 0.20 ... 0.01 0.01 0.60 0.63 0.63 0.70 0.08 0.08 0.08 0.17 0.09 0.10 0.10 0.11 0.17 0.17 0.19 0.12 0.12 0.11 0.03 0.07 0.09 ... ...

0.35 0.40 0.05 0.25 0.04 0.06 0.01 ...

0.10 0.13

LOW

0.06 0.17 0.06 0.04 0.04 0.03 0.25 0.06 1.26 0.05 0.05 0.06 0.07 0.60 0.07 0.05 0.33 0.02 0.17 0.03 0.06 0.10 0.03 0.03 0.07

0.02 0.09 0.03 0.24 0.06 0.04 0.11 0.06 0.08 0.03 0.01 0.11 0.12 0.13 0.04 0.01 0.01 0.19 0.06 0.11 0.98 0.02 0.04 0.07 0.30 0.03 0.08 0.04 0.05 0.05 0.01 0.10 0.10 0.01 0.03 0.16 0.07 0.01

0.15 0.02 0.10

STOCK

12-MONTH

EXC BID ASK LAST HIGH LOW

Fusion Gold V Gem Intl Res V Generic Gold C V Gentor Res GFM Res V V Global Cop Grp Global Vanad V V Goldbelt Emp Great Quest Fe V V Green Arrow Greenshield Ex V V Grizzly Discvr Grosvenor Res V V HFX Holding Highbury Proj V Highvista Gold V Infinite Lith V Inform Res V Inspiration Mg C Interconnect V Intl Battery C Intl Corona V Intl Millm Mng V Iron South Mng V Jazz Res V JDF Explor Inc C Jubilee Gold V Kapuskasing Gd V Kenna Res V Lateral Gold V Legion Metals C Leo Res C Lions Bay Cap V Lithion Energy V Lithium Energy V Logan Res V Lovitt Res V Lund Enterpr V Madeira Mrnls V MAG Silver* X Magna Gold V Magnitude Mng V Manado Gold V Martina Mnls V Matachewan Con V Mega Copper V Meridius Res V Mesa Expl V Metron Capital V Mezzotin Mnrls V Micrex Dev V Midasco Cap V MillenMin Vent V Millstream Min V Milner Con Slv V Minecorp Egy V Mineral Hill V MK2 Ventures V Montana Gold C Mountain Lake C MX Gold V Nautilus Mnrls T Navy Res V Nebu Res V New Jersey Mng C New Klondike V New Stratus V Newmac Res V Nickel North V Norsemont Cap C Oriental Non F C Pac Arc Res V Pac Cascade V Pac Imperial V Patriot Gold C

0.14 0.35 0.14 0.30 0.01 0.02 0.02 0.04 0.05 0.05 0.32 0.05 0.06 0.05 0.12 0.05 0.12 0.04 0.15 0.07 0.08 0.08 0.11 0.17 0.24 0.24 0.28 0.02 0.02 0.02 0.02 0.10 0.10 0.10 0.18 0.03 0.04 0.04 0.06 0.10 0.20 0.12 0.15 0.05 0.07 0.06 0.15 0.08 0.19 0.12 0.20 0.06 0.12 0.05 0.10 0.21 0.48 0.22 0.30 ... ...

0.17 0.26 0.29 0.28 0.32 0.06 0.09 0.06 0.20 0.03 0.03 0.03 0.12 0.04 0.07 0.08 0.11 ... ...

0.31 0.04 0.04 0.04 0.06 0.02 0.03 0.03 0.04 0.24 0.27 0.24 0.28 0.04 0.06 0.03 0.08 0.01 ...

0.05 0.15 0.41 0.70 0.64 0.67 0.01 0.02 0.01 0.04 0.13 0.16 0.15 0.36 0.39 0.35 0.89 0.12 0.58 0.17 0.17 ... ...

1.09 0.07 0.08 0.08 0.12 ... ...

0.10 0.12 0.13 0.10 1.10 0.03 0.03 0.06 0.08 0.13 0.10 0.25 0.01 0.01 0.13 0.25 0.03 0.10 0.02 0.04 12.52 13.30 12.52 14.40 ... ...

0.40 0.45 ... ...

0.15 0.30 0.04 0.05 0.05 0.07 0.04 0.10 0.04 0.06 0.15 0.17 0.17 0.29 0.17 0.22 0.16 0.18 0.20 ...

0.20 0.22 0.02 0.08 0.06 0.08 0.06 0.07 0.06 0.08 0.01 0.01 0.01 0.04 0.02 0.02 0.01 0.02 0.10 0.16 0.10 0.15 0.01 0.50 0.05 0.04 0.06 0.04 0.04 0.10 0.05 0.11 ... ...

0.12 0.20 0.11 0.15 0.15 0.27 0.18 0.30 0.31 0.39 0.09 0.10 0.10 0.10 ... ...

0.05 0.09 0.11 0.11 0.11 0.05 0.05 0.05 0.24 0.15 0.21 0.15 0.27 0.04 0.04 0.04 ... ...

0.17 0.26 0.01 0.01 0.01 0.26 0.40 0.40 0.40 0.05 0.12 0.09 0.10 0.02 0.02 0.02 0.07 0.28 0.38 0.29 0.46 ... ...

1.00 1.05 0.22 0.37 0.20 0.45 0.01 0.02 0.01 0.03 0.03 0.03 0.07 0.06 ...

0.10 0.10

0.11 0.03 0.05 0.04 0.04 0.16 0.02 0.06 0.02 0.11 0.05 0.11 0.05 0.21 0.12 0.06 0.02 0.04 0.03 0.02 0.04 0.03 0.01 0.40 0.01 0.25 0.05 0.04 0.09 0.04 0.11 0.02 6.12 0.20 0.14 0.04 0.04 0.15 0.16 0.18 0.03 0.05 0.01 0.01 0.07 0.03 0.07 0.09 0.15 0.02 0.03 0.05 0.15 0.15 0.10 0.06 0.02 0.25 1.00 0.20 0.02 0.10

STOCK

Pele Mtn Res Philippine Mtl Phoenix Gold Plate Res Prime Meridian ProAm Expl Quadro Res Quantum Cobalt Rare Element* Razore Rock Res Red Oak Mg Red Tiger Mng Regency Gold Reliant Gold Renforth Res Resource Cap Richmond Mnls Ridgestone M’g Riley Resource Rio Silver River Wild Exp Rockcliff Met Rockland Mnls Ross River Rubicon Mnrls* Sage Gold Scotch Creek Sennen Potash Shine Minerals Shoshoni Gold Silver Predatr Sonora Gld & S SouthGobi Res Starr Peak Exp Superior Mng Surge Explor Tanzania Mnls Tearlach Res Tesoro Mnrls Themac Res Thor Expl Thunder Mtn Gd Tiger Intl Tintina Mines TomaGold Tri-River Vent Trident Gold Troubadour Res Troy Enrgy True Grit Res Upper Canyon Vale* ValOre Metals Valterra Res Vanadium One Vangold Res Vantex Res Vatic Vent Vela Minerals Venerable Vent Waseco Res Westcot Vent Western Pac Rs Western Troy C Whistler Gold Whitemud Res Wildsky Res Worldwide Res Xander Res Zanzibar Gold Zara Res Zena Mining Zenith Explor Zinco Mng Zincore Mtls

12-MONTH

EXC BID ASK LAST HIGH LOW

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

0.02 0.02 0.04 0.06 0.04 0.05 0.04 0.09 ... 0.01 0.01 0.04 0.05 0.04 0.10 0.01 0.14 0.14 0.03 0.04 0.04 0.04 0.03 0.04 0.04 0.09 ... ...

1.10 3.15 0.11 0.16 0.15 0.89 0.08 0.30 0.07 0.27 0.05 0.33 0.33 0.34 0.02 0.03 0.03 0.13 0.20 0.20 0.28 ... 0.02 0.02 0.04 0.04 0.04 0.04 0.06 ... ...

0.01 0.09 0.03 0.04 0.03 0.06 0.18 0.22 0.18 0.32 0.17 0.29 0.15 0.41 0.04 0.05 0.04 0.06 0.60 0.75 0.55 0.70 0.15 0.15 0.12 0.18 0.07 0.08 0.08 0.11 ...

0.14 0.26 0.50 ... ...

0.03 1.35 0.01 0.01 0.02 0.12 0.12 0.20 0.12 0.13 0.45 1.00 0.45 0.50 0.09 ...

0.14 0.16 0.03 0.04 0.03 0.08 0.07 0.08 0.07 0.14 0.07 0.07 0.07 0.14 0.08 1.00 0.14 0.18 0.09 0.10 0.10 0.18 0.20 0.30 0.10 0.10 0.39 0.44 0.39 0.23 0.07 0.07 0.16 0.90 0.05 0.10 0.05 0.05 0.05 0.06 0.05 0.08 0.05 0.06 0.05 0.10 0.14 0.18 0.16 0.22 0.01 ...

0.17 0.25 0.07 0.12 0.09 0.17 0.04 0.08 0.05 0.10 0.05 0.05 0.05 0.09 ... ...

0.04 0.14 0.25 0.14 0.20 0.13 0.13 0.09 0.25 0.03 0.05 0.04 0.09 0.02 0.03 0.02 0.07 ... 0.25 0.25 0.40 ... ...

10.24 11.10 0.06 0.07 0.07 0.13 0.02 0.03 0.03 0.04 0.13 0.15 0.13 0.03 0.03 0.02 0.15 0.22 0.37 0.28 0.40 0.11 0.11 0.10 0.32 0.16 0.30 0.15 0.30 0.09 0.15 0.10 0.13 0.03 0.03 0.03 0.06 ... ...

0.35 0.42 0.41 0.58 0.58 1.20 0.08 0.15 0.10 0.18 0.06 0.10 0.06 0.08 0.01 0.02 0.01 0.05 0.09 0.13 0.08 1.01 0.03 0.05 0.04 0.07 0.11 0.11 0.09 0.20 0.18 0.20 0.17 0.22 ... ...

0.07 0.22 0.06 0.08 0.06 0.12 0.05 ...

0.04 0.04 0.05 0.07 0.05 0.04 0.07 0.05 0.14

0.03 0.04 0.03 0.02 0.03 0.20 0.06 0.06 0.12 0.14 0.02 0.02 0.01 0.02 0.18 0.10 0.04 0.02 0.07 0.01 0.10 0.03 0.01 0.12 0.36 0.08 0.03 0.07 0.05 0.10 0.09 0.04 0.03 0.12 0.03 0.05 0.03 0.13 0.14 0.04 0.02 0.04 0.14 0.08 0.01 0.02 0.15 6.57 0.07 0.02 0.02 0.14 0.06 0.15 0.08 0.02 0.23 0.32 0.03 0.06 0.01 0.08 0.03 0.03 0.10 0.07 0.05 0.04 0.03

2019-03-12 2:39 PM

INFO@HARD-LINE.COM

24_MARCH18_BackCover.indd 24

2019-03-12 2:43 PM