The Northern Miner March 30 2020 Issue

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MARCH 30–APRIL 12, 2020 / VOL. 106 ISSUE 07 / GLOBAL MINING NEWS ¡ SINCE 1915 / $5.25 / WWW.NORTHERNMINER.COM

AI, machine learning to deliver ‘wave of discoveries’ EXPLORATION  

| New technologies set to tackle massive volumes of data

BY CARL A. WILLIAMS cwilliams@northernminer.com

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Drillers at SilverCrest Metals’ Las Chispas gold-silver property in Sonora, Mexico.   SILVERCREST METALS

SilverCrest weighs options after underwriter bails PRECIOUS METALS  

| Funds would have advanced Las Chispas

BY STEVE STAKIW Special to The Northern Miner

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s global financial markets began to melt down in response to the coronavirus pandemic, SilverCrest Metals (TSX: SIL; NYSE-A: SILV) inked a $75 million bought-deal financing on Mar. 11 that was underwritten by a banking syndicate led

by National Bank Financial (and including Eight Capital and Scotia Capital).

The deal was terminated seven days later.

National Bank Financial said it was terminating its obligations under the deal citing a “disaster out� clause in its agreement due to the coronavirus pandemic, SilverCrest said in a Mar. 18 press release.

SilverCrest is digging in its heels, however, asserting that the signed agreement “created a binding legal obligation on the part of National Bank Financial to complete the transaction as is customary in Canada for bought-deal financings.�

The company disputes t he

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bank’s pandemic justification as the situation “was fully evident when the bought-deal financing was agreed upon with expectations that the precious metals market would respond positively to this known risk.�

SilverCrest says it intends to pursue legal options against National Bank Financial for its breach of the agreement.

Bought deal financings are generally the most favoured equity financing method for issuers as the underwriting syndicate of bankers assures a price and commits to purchase the entire amount of the offer, then reselling it to its investor clients.

The financing agreement to sell 9.1 million SilverCrest shares at $8.25 apiece, a 5% discount to the $8.69 share price prior to the announcement, would have been lucrative for the bankers. They would have grossed 5% of the $75 million, or about $3.75 million, plus further potential commission under a 15% over-allotment option to place up to an additional 1.37 million shares if there was investor appetite.

The underwriters in the now See SILVERCREST / 2

he past 20 years have seen remarkable advances in the mining industry, particularly in mineral exploration technologies with vast volumes of data generated from geologic, geophysical, geochemical, satellite and other surveying techniques. However, the abundance of data has not necessarily translated into the discovery of new deposits, according to Colin Barnett, co-founder of BW Mining, a Boulder, Colorado-based data mining and mineral exploration company. “One of the problems we’re facing in exploration is the huge increase in the amounts of data we have to look at,� said Barnett, in his presentation at PDAC 2020, during a session on managing and exploring big data through artificial intelligence and machine learning. “And although it’s high-quality data, the sheer volume is becoming almost overwhelming for human interpreters, and so we need help in getting to the bottom of it.�

By integrating hundreds or even thousands of interdependent layers of data, with each layer making its own statistically determined contribution, machine learning offers a solution to the problem of tackling the massive amounts of data generated, and a powerful new tool in the search for mineral deposits.

But, in an interview with The Northern Miner, he cautioned that to fully exploit the potential of machine learning in mineral exploration, “prospectors will still need to devote considerable time and effort to the preparation of data before machine learning techniques can add value for companies.�

To illustrate his point, Barnett demonstrated how he and his partner at BW Mining, Peter Williams, are using machine learning to analyze data from geological, geochemical and geophysical surveys of the Yukon in northwestern Canada to locate new deposits.

The Yukon became famous for the Klondike gold rush during the late 1890s, which petered out after a few years as prospectors moved onto Alaska. Today the area is experiencing a renewed interest in what has become known as the Tintina Gold

Belt, with significant lode deposits being found over the past two decades and, according to Barnett, “more waiting to be discovered.� “We used the Yukon bedrock geology map published by the Yukon Geological Survey, which is very detailed and shows over 200 different geological formations,� explained Barnett. “However, you can’t simply put 200 formations into a machine learning process. First, the data requires special treatment.�

By representing each of the formations with a separate grid and by continuing the grids upward, they were able to see overlaps between formations, allowing them to consolidate the data by grouping the formations by rock type and age, and thereby reducing the data set down to around 50 discrete and different formations. They then used the same process to represent structural data provided by the map. “The structural data is important because it represents the pathways that the mineralization generally took to reach the surface,� explained Barnett. “We then used geophysical See AI / 2 PM40069240

EURO MANGANESE: ADVANCING ASSET IN THE CZECH REPUBLIC / 7

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MARCH 30–APRIL 12, 2020 / THE NORTHERN MINER

SilverCrest weighs options after underwriter bails SILVERCREST From 1

shelved financing seemingly misjudged the macro environment for precious metal equities as well as for the underlying commodities. On the day the $8.25 per share bought deal was announced, SilverCrest stock in Toronto closed off 16% to $7.30. Additionally, in the following days the shares melted down further, ultimately touching a low of $4.50 making the planned $8.25 per share deal all but impossible to execute.

Exacerbating SilverCrest’s eroding share price was the plummet in the silver price, which dropped from the US$17.00 per oz. level when the financing was announced, down to an almost decade low US$12.50

per oz. level a few days subsequent.

The timing of SilverCrest’s attempted financing came as a bit of a surprise to the market. Less than three months prior, the company closed $105 million in financings to top up its treasury as it continues to advance its Las Chispas silvergold project in Mexico, about 180 km northeast of Hermosillo in Sonora state.

Las Chispas is a high-grade, veinhosted silver deposit that has seen an aggressive drill campaign by the company over the past few years.

Roughly one year ago, a preliminary economic assessment (PEA) tabled a robust development scenario with a 1,250 tonne per day production rate and an initial mine life of 8.5 years. Average annual production

is forecast at 5.38 million oz. silver and 55,700 oz. gold, or 9.6 million oz. silver-equivalent over the lifeof-mine, with higher production rates envisioned over the initial four years.

Average diluted grades modeled in the PEA are 411.0 grams silver per tonne and 4.05 grams gold per tonne, or 714 grams silver equivalent (using a 75:1 silver-to-gold ratio calculated using long-term silver and gold prices of $17 per oz. silver and $1,225 per oz. gold with average metallurgical recoveries of 90% silver and 95% gold).

Initial capital expenditure came in at a very modest US$100.5 million under the Las Chipas PEA, with additional life-of-mine sustaining capital of US$50.3 million. The

PEA tabled a high-margin operation with a short payback period of just nine months, an after-tax internal rate of return of 78% and an after-tax net present value of US$406.9 million.

The company says drilling to date has only really tested 10 of the 36 known veins on Las Chispas and it is budgeting about US$16 million for its full-year 2020 drill program of about 125,000 metres.

SilverCrest is currently operating 12 drill rigs (including one underground rig) on the project and plans to complete about 150 expansion holes, totalling between 35,000 to 45,000 metres, by midyear when it also aims to deliver updated resource estimates, its maiden reserves and a feasibility

study.

As of the end of February 2020, the company reported US$87 million in its treasury.

The company has a strong institutional shareholder component at a reported level of around 57%.

Management and directors own just over 11% of the company and SSR Mining (TSX: SSRM; NASDAQ: SSRM) owns 7.6%, a position secured when it invested in SilverCrest in late 2018.

At press time in Toronto, shares of SilverCrest recovered from the recent sell-down to $4.50 to close at $7.11, giving the company a $777 million market capitalization based on its 109-million shares outstanding. The stock has a 52-week trading range of $10.98-$3.99. TNM

Workers at a portal at SilverCrest Metals’ Las Chispas gold-silver project in Sonora, Mexico. SILVERCREST METALS

AI, machine learning to deliver ‘wave of discoveries’ AI From 1

maps of the area provided by Natural Resources Canada, which contain enormous amounts of information that can be extracted and subjected to the same statistical treatment.”

Applying the same approach to geochemical, gravity, topographical and satellite data, they were able to generate detailed data sets covering over 300,000-400,000 sq. km of the study area.

“The most critical layer of data for our machine learning process is the known deposits because this is used to train our artificial neural network against all the other layers to identify deposit formations,” said Barnett.

Artificial neural networks operate much like the human brain. They can recognize patterns in the different layers of data and cluster or classify them into groups according to similarities in the input data. They are then capable of discriminating between zones of high and low mineral potential.

After scouring through geologic publications, company websites and NI 43-101 technical reports, Barnett and Williams were able to develop accurate mineral footprints for more than 30 deposits using their model, which, according to Barnett,

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“THE MOST CRITICAL LAYER OF DATA FOR OUR MACHINE LEARNING PROCESS IS THE KNOWN DEPOSITS BECAUSE THIS IS USED TO TRAIN OUR ARTIFICIAL NEURAL NETWORK AGAINST ALL THE OTHER LAYERS TO IDENTIFY DEPOSIT FORMATIONS.” COLIN BARNETT CO-FOUNDER OF BW MINING

reportedly contain over 46 million oz. of gold.

They then used an artificial neural network to establish the statistical favourability of a location containing an economically viable deposit across the entire region of interest.

This approach is essentially an inversion process that uses exploration data relating to a given location as inputs to the network, which then produces the corresponding favourability as the output.

“This requires very sophisticated software to analyze and interpret the data, so you can’t just use off-theshelf software,” explained Barnett.

“We first started analyzing the data on a parallel-processor in the basement of the University of Sussex [in England] back in 1992, where my partner was a professor. But it would

take five days to get an answer — by which time we’d forgotten what the question was.”

However, with improvements to computer software and hardware, they are now able to generate an answer in a matter of hours using a common laptop.

Barnett’s and Williams’ use of artificial intelligence and machine learning has led to a highly-focused target map that assigns numerical probabilities of making an economic discovery anywhere in the region of interest. And it can be used to systematically rank and rate targets and plan cost-effective follow-up programs that take into account the expected return on investment for any given target.

Although Barnett believes there is currently a lack of understand-

Image of a typical target. Red areas are highly favourable, while purple areas are shown as unfavourable for gold. BW MINING

ing of artificial intelligence and machine learning in the industry, he is convinced that as “these techniques become more widely used and available, machine learning and

artificial intelligence will lead to a wave of discoveries. And within ten years, they will be commonly used tools in the mineral exploration industry.” TNM

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GLOBAL MINING NEWS

THE NORTHERN MINER / MARCH 30–APRIL 12, 2020

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Yellow arrows indicate position of Chang’e 4 lander on the floor of the Moon’s Von Karman crater. The sharp crater behind and left of the landing site is 3,900 metres across and 600 metres deep. NASA/GSFC/ARIZONA STATE UNIVERSITY

Lunar prospecting, mining on horizon EXPLORATION

| China’s space agency set to collect first new geological samples in 40 years

BY DAN SEKULICH

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The launch of the Chang’e lunar probe at the Xichang Satellite Launch Center in southwest China’s Sichuan Province, in Dec 2018. XINHUA/JIANG HONGJING

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Special to The Northern Miner

ost amid concerns about the COVID-19 coronavirus outbreak that has dominated headlines for weeks was news that the China National Space Administration (CNSA) has achieved a milestone in lunar exploration, one that could have great potential for prospecting and, eventually, mining on the Moon.

CNSA’s Lunar Exploration Program, also known as the Chang’e project (after the Chinese Moon goddess of the same name), landed a robotic spacecraft on the far side of the Moon back in early January 2019. The mission’s lunar lander then deployed a solar-powered, robotic rover called Yutu-2 (Jade Rabbit 2) to begin exploring the surrounding Von Kármán crater, which is part of the Moon’s immense South PoleAitken basin.

Though few outside the space community know it, the rover has been methodically probing this ancient crater on the Moon’s far side for over a year. By March of 2020, Yutu-2 had travelled almost 400 metres across the lunar surface, making it the longest operational lunar rover in history.

The Chang’e team’s scientific studies include investigating the Moon’s surface and subsurface geology using tools such as lunar penetrating radar and imaging spectroscopy. And building on this current mission, CNSA plans to send another spacecraft to the Moon in late 2020, with the specific intention of recovering up to 2 kg (4.4 lb.) of lunar samples and returning them to Earth for analysis. If successful, these would be the first geological samples recovered from the Moon in 40 years.

Yet while the achievements of CNSA’s Chang’e project are scientifically laudable, they are also relevant for the mining sector, as was shown during a unique technical session held as part of the 2020 PDAC convention in Toronto.

“I CAN BUILD A [LUNAR] MINE AND DO ALL THE EXPLORATION PROGRAMS FROM START TO FINISH FOR $200 MILLION US.” JEFF PLATE VICE-PRESIDENT, MARKETING AND BUSINESS, WGM

For the first time ever, it brought together members of the mining and space sectors and gave them a chance to hear about the increasing convergences occurring between the two sectors.

“Space community, meet the mining community. Mining, meet space,” was the lighthearted way Photinie Koutsavlis opened the session. Koutsavlis is the Director General, Policy and Economics Branch, at Natural Resources Canada, and the presence of a senior federal bureaucrat like her highlighted the very real desire to push these two sectors closer together.

To the overflowing PDAC audience, Koutsavlis pointed out that part of the government’s Canadian Minerals and Metals Plan (CMMP) is an awareness that space is a new

frontier for the mining community.

“Under the CMMP, one of the goals of the new frontiers is to help the mining industry leverage spacebased and other technologies to solve terrestrial mining challenges,” Koutsavlis said.

But integrating technology developed for space exploration into the terrestrial mining industry isn’t the only reason to bring the two sectors closer together. Koutsavlis and many others believe there is much the mining sector can teach the space community, and that it is inevitable that the two will work more closely together in the near future.

“When we spoke to the members of the space community, we realized that both industries faced common See MOON / 16

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MARCH 30–APRIL 12, 2020 / THE NORTHERN MINER

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Asia shows the way EDITORIAL

| West responds weakly to virus

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

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hen I landed at Toronto’s Pearson International Airport on March 20 aboard an Air Canada ‘repatriation’ flight from Mexico, none of us were checked to see if we had a temperature – a symptom of COVID-19. Instead, we were handed sheets of paper with instructions about self-quarantining

BY TRISH SAYWELL for fourteen days and recognizing symptoms. tsaywell@northernminer.com The airport dispensed with the immigration kiosks for my flight — but my parents flying in on March 22 had to punch in their passport details on a keyboard touched by the hands of hundreds of others.

Had I landed in South Korea – which has distinguished itself by rapidly implementing testing and containment measures and showing the world the right way to deal with a pandemic – I would have had a thermometer trained on my forehead to see if I had a fever. Had I developed symptoms later, I could have jumped in my car and driven to a drive-through testing facility and received results within 12 hours.

“South Korea started its response early, which was extremely important for slowing the spread [of the virus],” Sanghyuk Shin, an assistant professor at the University of California at Irvine and director of its Infectious Disease Science Initiative, told The Nation magazine in the U.S. “In stark contrast, the slow pace of rolling out testing in the U.S. has significantly hampered our ability to slow the spread of the virus, and now we clearly have widespread community transmission in the U.S.” Countries in the West have known about the virus since January and had a chance to try to get out ahead of it — but have been shockingly slow to prepare — leaving front-line health-care workers ill-equipped and at serious risk. Even many of the most basic containment and contact tracing measures in place in Asia either have not been implemented here or have been put in place late — not to mention the difficulties people still face if they want to be tested. Supply chains weren’t ramped up and protective equipment, masks, and ventilators are in short supply.

Anthony Costello, a professor of global health and sustainable development at University College London, estimated on March 20 that testing in countries like South Korea and China has been “ramped up to over 20,000 per day,” while in the U.K. it is closer to 4,000 tests a day. China listened to the World Health Organization, Costello wrote on March 15 in The Guardian. “They tested extensively, setting up mobile testing centres, and getting the test result time down from four days to four hours. They cut the time from onset of symptoms to lab result from 12 to three days. They identified family clusters … and arranged isolation centres for contacts.”

Daily briefings by public health experts to the public have also helped governments in China and South Korea stay on top of the crisis. Costello noted that provinces in China have set up 24-hour TV channels to inform the public. The Korea Centers for Disease Control and Prevention and other agencies “have provided, on a daily basis and via texts, detailed information about COVID-19 patients, including where they have been and where they may have contracted the virus,” The Nation reported. It’s the same in Hong Kong, where the government describes new cases in its daily newscasts including where in the city they reside, in order to know the ‘roadmap’ of infection.

“They did what most Asian countries have done and North America and Europe didn’t, which was intense tracking: Setting up huge teams to trace each confirmed case, their recent movements and contacts, and then follow up on those,” my brother, a Hong Kong resident, tells me. “It takes manpower and focussed perseverance, but all the experts here are saying it’s the game-changer. In other words, don’t simply warn everyone to be careful. Use public funds to make sure they are, and connect all the cases like dots or a family tree.”

More recently Hong Kong has begun separating incoming passengers at the airport who have a temperature or other signs of illness and fitting them with an electronic bracelet linked to a downloaded app that tracks their movements, and the government is considering fines for those who break quarantine. “The bracelets here aren’t just to punish people sneaking out of quarantine,” he writes in an email. “They are primarily for government to track movement patterns. If someone goes out, they can trace where they’ve been to inform shops, restaurants, etc. that they might have been exposed.” It’s a question of where to put public resources, he adds, noting that the U.S., to cite one example, “has enormous under-used military and reserve forces that could take on the tracing task.”

With the right testing, contact tracing and quarantine, new cases in South Korea and China have levelled off for now. “To model with confidence an epidemic like COVID-19, we must know how many people are already infected with the virus and where the clusters are,” Costello wrote on March 20 in The New Statesman, a British political and cultural magazine. “The WHO recommendation for epidemic control, based on decades of experience, was simple. Test, test, and test again in communities to find cases,” he said. “Isolate them and all their contacts … It’s not rocket science requiring complex mathematical models. Just old-fashioned epidemiological detective work by public health teams.” TNM

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

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

COMPANY INDEX Agnico Eagle Mines. . . . . 13 AngloGold Ashanti. . . . . . 6 Barrick Gold. . . . . . . . . . . 14 Bear Creek Mining . . . . . 10 BW Mining. . . . . . . . . . . . . 1 Cardinal Resources. . . . . . 9 De Beers Canada. . . . . . . . 5 Equinox Gold. . . . . . . . . . 13 Euro Manganese . . . . . . . . 7

Fortescue Metals Group. . 6 FPX Nickel . . . . . . . . . . . . . 5 Giga Metals. . . . . . . . . . . . . 5 GoGold Resources. . . . . . 10 Iamgold. . . . . . . . . . . . . . . 14 Mako Mining. . . . . . . . . 10.

Minera Alamos. . . . . . . . 11 Nomad Royalty . . . . . . . . 13 NovaGold Resources. . . . 15

OceanaGold. . . . . . . . . . . 12 Osisko Gold Royalties. . . 11 Rio Tinto. . . . . . . . . . . . . . . 8 Roxgold. . . . . . . . . . . . . . . 13 SilverCrest Metals . . . . . . . 2 Tanzanian Gold. . . . . . . . 14 Wesdome Gold Mines. . 13 Yamana Gold . . . . . . . . . . 13

Gold from Kirkland Lake Gold’s Fosterville mine in Australia. KIRKLAND LAKE GOLD

Gold prices swing as markets sell off FACTS ‘N’ FIGURES

| Prospects for yellow metal still look good, despite recent drop

The following is an edited report from the World Gold Council, release on March 19, 2020. For the full report visit www.gold.org.

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ike most asset classes, gold is being affected by the unprecedented economic and financial market conditions in play around the globe. We believe that recent volatility in the gold price has been driven by massive liquidations across all assets, and likely magnified by leveraged positions and rule-based trading.

Gold has also likely been used to raise cash to cover losses in other asset classes because: it remains one of the best performing asset classes year-to-date, despite recent fluctuations; and it is a high quality and highly liquid asset, trading over US$260 billion per day in March Thus far, selling appears more concentrated on derivatives in exchanges and over-the-counter (OTC). While gold-backed ETFs have experienced outflows in recent days, flows remain positive for the year. Funds across regions have seen US$3.6 billion of net inflows in March, giving a collective total of US$11.5 billion.

Looking ahead, we believe the deceleration in economic growth will undoubtedly impact gold consumer demand and gold’s volatility may remain high, but high risk levels combined with widespread negative real rates and quantitative easing will be supportive of gold investment demand as a safe haven.

Unusual times, uncertain outcomes Perspectives on impending recessions often diverge. Some see similarities to prior crises while others focus on new signals and concerns. At this juncture, conditions in the current environment — widespread travel restrictions, complete shutdown of numerous sectors, and higher volatility in financial markets than during the 2008-2009 financial crisis — are unprecedented for many people across generations. The chances of avoiding a global recession appear low and investors are bracing themselves for more bumps ahead.

If a recession does occur, its depth and duration will depend on how

quickly and effectively governments are able to slow down the contagion, buffer their economies and, hopefully, find ways of treating or preventing COVID-19.

In our continuing engagement with investors two questions recur.

1. Why did the gold price drop alongside stocks?

The answer is linked to several factors. The most prominent of these is the massive liquidation virtually all asset classes experienced in early March. And gold was no exception. Even longer-term US treasuries prices fell, despite a second unscheduled cut by the Fed on March 15 slashing the Fed funds rate to pre-2016 levels. The 10-year US treasury yield is trading above 1% after reaching a historical low of 0.33% on 9 March.

As a high quality, liquid asset gold may also have been used to raise cash, especially since it was — until recently — one of the few assets with positive returns this year. Gold was up 10% as of 9 March, more than any other major asset classes.

There is historical precedent for these types of pullbacks in gold.

The correlation between gold and stocks generally turns negative as stock prices tumble. However, there seems to be an exception during periods of disorderly selling when volatility spikes to extreme levels.

For example, during the 20082009 financial crisis, as the VIX reached record highs gold came under pressure.

Finally, selling appears more concentrated on derivatives in exchanges. Net long positioning in COMEX futures — usually linked to speculative trading — was very high prior to gold’s pullback. Some investors holding these positions, which can be highly leveraged, may have been forced to sell to meet margin requirements as the price fell through various technical levels.

2. Is gold still an effective portfolio hedge given its volatility?

So far, gold has played an important role in portfolios as a source of liquidity and collateral. And we expect it will serve as a safe haven

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GLOBAL MINING NEWS

THE NORTHERN MINER / MARCH 30–APRIL 12, 2020

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Mining technologies could capture ‘billions of tonnes of CO2 per year,’ says UBC prof ENVIRONMENT

| Ultramafic rocks could be key to carbon caputure and storage “THE TESTS DEMONSTRATED THE EFFECTIVE REACTIVITY OF THE PROCESSED KIMBERLITE AND CONFIRMED ITS ABILITY TO SEQUESTER CARBON UNDER FIELD CONDITIONS.”

BY CARL A. WILLIAMS

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cwilliams@northernminer.com

he world needs to limit global temperature increases to between 1.5 and 2 degrees Celsius by the end of this century to avoid devastating climate change, according to the Intergovernmental Panel on Climate Change, a United Nations body that provides policymakers with scientific information about climate change.

Atmospheric concentrations of CO2 are now well over 400 parts per million and global emissions are currently around 36 billion tonnes of CO2 per year. With emissions expected to increase, most experts believe that the 2 degrees Celsius warming target will not be met. To stabilize the global climate, they say, we will need to achieve net negative emissions by pulling more CO2 out of the atmosphere than we emit.

The mining industry could play a significant role in helping to achieve this, according to Greg Dipple, a professor in the Department of Earth, Ocean and Atmospheric Sciences and a member of the Mineral Deposit Research Unit at the University of British Columbia (UBC).

For the last decade, Dipple has been studying how ultramafic rocks, which contain magnesium silicate often found in mine tailings, naturally draw CO2 from the air and trap it by forming new carbonate minerals that are stable and can permanently lock-in carbon.

“We will not achieve our global warming targets by simply reducing our emissions,” said Dipple in a telephone interview with The Northern Miner. “To limit global warming, we will need to capture CO2 from the air and store it indefinitely. With the right materials, we can use existing mining technologies to do this at the scale of potentially billions of tonnes of CO2 per year.”

He estimates that reducing just 10% of a mine’s tailings could be sufficient to offset the annual carbon emissions produced by a mining operation, and is now working with other researchers and mining companies to develop technologies that can accelerate these natural processes and be scaled-up to capture CO2 emissions from mining operations.

In a process called carbon mineralization, chemical weathering of tailings rich in alkaline earth metal-bearing silicate and hydroxide minerals react with CO2 in the air to form carbonate minerals, like magnesium carbonate. A stable cement-like mineral, magnesium carbonate can store carbon in a benign state for thousands of years in the longer term.

Gold experienced pullbacks at the onset of the global financial crisis too, falling between 15% and 25% in US-dollar terms a couple of times during 2008. But by the end of that year, gold was one of the few assets — alongside US treasuries — to post positive returns.

It is also important to note that, while the gold price is usually quoted in US dollars, its impact on portfolio performance is measured in the local currency of an investor.

To date, as stock indices around the world have fallen sharply, gold’s performance has been positive in various currencies, including the pound sterling, euro and Indian rupee. And it has only been flat to slightly negative in renminbi, US dollar and Japanese yen.

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SARAH MCLEAN ENVIRONMENTAL AND PERMITTING MANAGER, DE BEERS GROUP

University of British Columbia researchers measuring the rate of carbon sequestration within processed kimberlite in 2019 at the Gahcho Kué diamond mine in the Northwest Territories. DE BEERS GROUP

or more, permanently removing CO2 from the atmosphere.

Dipple is spearheading UBC’s Bradshaw Initiative for Minerals and Mining (BRIMM), which is working on a carbon sequestration project to study how the process can be accelerated and then replicated on a scale large enough to sequester CO2 emissions generated from mine site operations.

The project is a collaboration between UBC, the University of Alberta, Trent University in Ontario, the Institut national de la recherche scientifique in Quebec and three mining companies, De Beers Canada, FPX Nickel (TSXV: FPX) and Giga Metals (TSXV: GIGA).

Funding for the work comes from a $2 million grant from the Natural Resources Canada Clean Growth Program and from cash and in-kind payments from the companies, as well as support from Geoscience BC, the British Columbia Geological Survey, the Geological Survey of Canada and the governments of British Columbia, Yukon and Northwest Territories.

“While carrying out some field tests at BHP’s Mount Keith nickel mine in Western Australia, we found that the mine’s tailings pile was passively removing CO2 from the air and capturing around 40,000 tonnes a year,” said Dipple. “Without even realizing it, the company was offsetting around 11% of the mine’s total greenhouse gas emissions.”

The natural sequestering of carbon What to expect next Gold’s performance is intertwined with its unique nature as a consumer good and investment asset.

And it is linked to the interaction of four key drivers: economic expansion; risk and uncertainty; opportunity cost; and momentum.

So far this year, more than 30 central banks have cut rates and many have implemented additional quantitative easing measures.

Governments around the globe are pledging trillions of US dollars to support their citizens and their economies. But ballooning budget deficits, negative real rates and debasement of currencies will present structural challenges to asset managers, pension funds and personal savings.

It may take a while for financial markets to stabilize. Amidst

Natural carbonate vein in kimberlite rock. DE BEERS GROUP

usually occurs over timescales of hundreds of thousands to millions of years. Since mines crush the ore into a fine-sized rock to extract valuable minerals, the reactive surface area dramatically increases, which rapidly speeds-up the reaction. A natural process that can take millions of years can “now be achieved in a year or so,” according to Dipple.

“Although we have confirmed rapid mineral carbonation within days to weeks in a laboratory setting, the next challenge is to replicate it at much larger volumes in the field,” explained Dipple. “The funds are supporting field trials of new technologies for accelerating the reaction between CO2 and the magnesium silicate-rich mine tailings from two mining locations in Canada.”

The first field trials took place last summer at De Beers Group’s Gahcho high volatility, the gold price may experience additional swings, but the long-term implications of an environment combining high risk and lower opportunity cost should support gold investment demand.

We also expect central banks to remain net gold buyers overall, albeit likely not at the same rate as in the past two years.

On the other hand, consumer demand may soften significantly.

Early figures by the National Bureau of Statistics in China suggest a 40% contraction in purchases of gold, silver and gem jewelry during the first two months of the year, and the new travel and movement restrictions will undoubtedly affect other regions. Historically, however, investment flows in periods of uncertainty tend to offset weakness in consumer markets.

Kué diamond mine, an open-pit operation with three kimberlite pipes, located 280 km northeast of Yellowknife in the Mackenzie district of the Northwest Territories.

“We are looking at the potential of processed kimberlite to sequester CO2 emitted by the mine’s diesel generators,” said Sarah McLean, Environmental and Permitting Manager for De Beers Group, in a telephone interview with The Northern Miner.

Following simulations on flue gas injection through different blends of fine and coarse grain processed kimberlite, which provided valuable information on reaction rates and scaling considerations, two field trials were conducted.

In the first test, CO2 gas was injected at 720 milliliters per minute into 264 kg of mixed coarse and fine processed kimberlite packed into a six-meter pipe. The pipe was then monitored for CO2 leakage from unreactive material, which, according to Dipple, occurs after around 90 minutes.

However, even after 44 hours of continuous monitoring, no CO2 was observed to have exited the pipe, and the total inorganic carbon content of the blended kimberlite was found to have increased by 0.36 kg of CO2.

For the second test, the team wanted to evaluate CO2 injection in two dimensions as well as the effectiveness of fines in trapping the gas. So, they injected CO2 at 240 milliliters per minute into five outlet ports in a 180 kg rectangular slab of mixed fine and coarse grain tailings sandwiched between layers of finely processed kimberlite.

Once again, an analysis of the total inorganic carbon content of the carbonate minerals formed during

the test confirmed the sequestration of 0.28 kg of CO2.

“The tests demonstrated the effective reactivity of the processed kimberlite and confirmed its ability to sequester carbon under field conditions,” said McLean. “Learnings from these trials are being used to inform the design of industrial-scale tests scheduled for the summer.

Hopefully, they will demonstrate that processed kimberlite can effectively and economically capture carbon and reduce the carbon footprint of our mining operations.”

Although the reactivity of the processed kimberlite can vary substantially within and between mines, McLean believes they may be able to offset “as much as 20% of total emissions from Gahcho Kué based on the results from the field trials.”

The company is also investigating other methods to accelerate the sequestration process, including different ways of distributing the processed kimberlite and the use of chemical additives and biological processes.

In the other field trial, also scheduled for the summer, Dipple and his team are looking to investigate the potential of waste tailings to capture CO2 from the air at PFX Nickel’s Decar Nickel District property, located around 90 km northwest of Fort St. James in central British Columbia.

The Baptiste deposit, one of several mineralized zones at the property, is hosted by an ultramafic complex dominated by serpentine formations and contains highly reactive brucite, the mineral form of magnesium hydroxide, making it an “an excellent candidate for a CO2 capture project,” according to Dipple.

“We are delighted to be involved in the project and are excited to understand more about the carbon sequestration potential of the planned mine at the Baptiste mineralized zone,” said Martin Turenne, FPX Nickel’s president and CEO, in a telephone interview with The Northern Miner.

A recent assessment by Ian Power, an assistant professor at Trent University and one of the collaborators on the BRIMM carbon sequestration project, forecast tailings from the proposed Baptiste mine to be around 40 million tonnes per year. And, if complete carbon mineralization was economically feasible at the mine, he estimated that approximately 18 million tonnes of CO2 per year could be sequestered, approximately a quarter of B.C.’s annual GHG emissions.

By extrapolating results from laboratory tests carried out on exploration samples collected at the property, Power estimates that a See CARBON / 8

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Guinea to partner with Chinabacked consortium at Simandou IRON ORE

| Developers say the mine will produce up to 72 million tonnes of high-grade iron ore annually

BY DENISE HECKBERT

T

Special to The Northern MIner

he Republic of Guinea has selected a China-backed consortium to develop blocks 1 and 2 of the Simandou deposit, which holds estimated reserves of more than 2 billion tonnes of highgrade iron ore.

The SMB-Winning consortium includes Singapore-based owner Winning Shipping, Chinese aluminum producer Shandong Weiqiao, China’s Yantai Port Group, and Guinea-based transport and logistics firm United Mining Supply. SMB is already active in Guinea as a major bauxite producer.

SMB-Winning won the rights to Simandou blocks 1 and 2 in November 2019, with a US$14 billion project bid that included construction of a 650-km railway and a deep-water port to export the product to foreign markets, including China.

The infrastructure commitment was key to beating a US$9 billion bid by Australia’s Fortescue Metals Group’s (ASX: FMG), which did not include the railway construction, according to media reports.

SMB-Winning said in a statement that the mine will produce up to 72 million tonnes of high-grade iron ore annually.

Industry experts widely consider Simandou to be the largest highgrade iron ore deposit in the world, but it has struggled to enter production for years. Rio Tinto (NYSE: RIO; LSE: RIO) had previously held rights to develop all four blocks of Simandou before being stripped of the rights to blocks 1 and 2 in 2008 by a previous government, which gave those rights to a joint venture between Israeli billionaire Beny Steinmetz’s BSG Resources and Brazilian developer Vale (NYSE: VALE).

Guinea’s president, Alpha Conde,

THE PERFECT

GIFT

The Simandou iron ore property in Guinea. GUINEA MINISTRY OF MINES AND GEOLOGY

revoked BSGR’s rights in 2014 amid corruption accusations, which BSGR denied and spent several years fighting in court. Guinea’s Ministry of Mines and Geology announced in July 2019 that it had settled its dispute with BSGR a few months earlier, and that blocks 1 and 2 were again available for tender.

The US$14 billion project planned

by SMB-Winning could finally move blocks 1 and 2 into production, while also lightening the economic burden on Rio Tinto and partner Aluminum Corporation of China (Chinalco) for blocks 3 and 4, which development rights Rio Tinto retained in 2008.

Rio Tinto had announced plans in 2014 for a US$20 billion project at Simandou’s blocks 3 and 4 that also included the 650-km railway and deep-water seaport on Guinea’s coast. However, a series of challenges have prevented Rio Tinto from starting meaningful production at the site, where it estimates it could produce 91 million tonnes of high-grade iron ore annually once at full production.

Bloomberg reported in June 2019 that Rio Tinto had hired consultants to investigate alternative means of shipping iron ore from Simandou.

Now, a nearby infrastructure partner

in SMB-Winning could help address Rio Tinto’s concerns about moving iron ore produced in its portion of Simandou. S&P Global Platts reported that the rail line planned

by SMB-Winning is expected to provide up to 200 million tonnes of freight capacity per year, which it said would be sufficient to serve all four blocks of Simandou, as well as smaller operations in the area.

For example, Vancouver-based High Power Exploration purchased rights to Guinea’s Nimba iron ore deposit in September 2019. HPX, a privately-held company founded my mining mogul Robert Friedland, said the United States Geological Survey (USGS) estimated in a 2015 survey that Nimba holds roughly one billion tonnes of high-grade iron ore. HPX said in a statement late last year that it is conducting feasibility studies that it hopes will enable production of up to 20 million tonnes annually.

The high-grade iron ore at Simandou and Nimba has become increasingly valuable to steelmakers, and China in particular, as it is more environmentally friendly in production and use than lower-grade iron ore. S&P said in its November 2019 report that, because of this increased

demand for high-grade iron ore, new production from Simandou “is not expected to unduly affect world prices.”

Iron ore prices had been at a fiveyear high of US$109 per tonne in July 2019, when Guinea announced the tender of blocks 1 and 2, and dropped to US$82 per tonne the following month, but prices began to recover in November 2019, when SMB-Winning’s selection to develop the project was announced. Prices climbed back up to US$87 per tonne in January 2020, according to S&P Global Platts, but have begun falling again, partly to due market fears over Covid-19, and despite weather events limiting production in Australia and Brazil.

Guinea’s potential boom in iron ore production is just the latest in the country’s efforts to maximize its mining industry potential. The country has large reserves of a variety of metals and other resources, but political and infrastructure challenges have inhibited resource extraction.

As Guinea works to address political uncertainty and corruption issues, including through membership in organizations such as the Extractive Industries Transparency Initiative, which is funded by sup-

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porting countries and extraction industries, and aims to help ensure sector transparency and investor confidence in developing countries, Guinea’s attractiveness to major international partners may provide the support necessary to address its infrastructure needs.

Guinea is home to the world’s largest bauxite reserves (which is required to produce aluminum) at an estimated 7.4 billion tonnes, according to the United States Geological Survey. The country has rapidly expanded its production from 17.7 million tonnes of bauxite in 2015 to more than 50 million tonnes in 2018. Major alumina and bauxite producer Alumina Ltd. said in a March 2019 presentation that it expected Guinea’s production will reach almost 90 million tonnes in 2020, via ramp-up in production at mines that started production in recent years, backed by China and other foreign investors.

The surge in bauxite production has largely been due to investment from China and Chinese-based consortiums like SMB, which reported on its website that it exported 42 million tonnes of bauxite in 2018. Prior to January 2016, Guinea exported almost no bauxite to China but had become its largest single supplier by 2019, providing almost six million tonnes per month by mid-2019, according to Alumina Ltd. China is investing in more than the mines. In addition to the 650-km railway SMB-Winning has planned, China has invested in roads and several hydroelectric projects in Guinea, which boasts some of the best hydropower resources in West Africa, according to the International Hydropower Association (IHA). The country currently has 368 MW of installed hydropower capacity, including the 240 MW Kaleta, which was commissioned in 2015 by China International Water and Electric Corporation (CWE) in partnership with the Gambia River Basin Development Authority.

Guinea said in a United Nations report that it plans to commission a further 1,410 megawatts of hydro capacity by 2030, including the US$1.18 billion Souapati hydropower project to be developed by CWE and financed by the Export-Import Bank of China, which will add up to 500 megawatts of power capacity. A portion of the power generated is expected to be provided to the grid for local consumption in Guinea and neighbouring countries, but the bulk of the power will be used to power mining projects, according to the IHA. At the same time, other mining sectors that have long constituted a core part of Guinea’s economy are continuing to see new investment.

South African gold producer AngloGold Ashanti (NYSE: AU) commissioned a combination plant conversion at the Siguiri gold mine in the remote northeast of Guinea in March 2019. AngloGold said in its 2018 Operational Profiles Report that the plant will process roughly six million tonnes of oxide ore and six million tonnes of sulphide ore from Siguiri when fully operational — the first material was fed through the plant in March 2019. AngloGold holds an 85% stake in the gold mine and the government of Guinea holds 15%. As part of the Siguiri combination plant project, AngloGold also commissioned a 30-megawatt power plant in October 2018 that is now providing power to the Siguiri mine. TNM

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GLOBAL MINING NEWS

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Euro Manganese president and CEO Marco Romero (far right) with site visitors at the Chvaletice manganese project in 2017. EURO MANGANESE

Euro Manganese gathers customers for Czech project BATTERY METALS

BY STEVE STAKIW Special to The Northern Miner

A

s Euro Manganese (TSXV: EMN) advances feasibility studies at its wholly owned Chvaletice manganese project about 90 km east of Prague in the Czech Republic, it has also been lining up potential customers for planned output from its demonstration plant, which is projected to come online in late 2020.

So far, the company has queued up five prospective customers for about 55% of the planned demonstration plant capacity, and management hopes these early-stage customers will ultimately become long-term buyers from full-scale production down the road.

Euro Manganese is looking to develop a high-purity manganese production facility to reprocess tailings material from historic mining operations at Chvaletice that ran from the early 1900s through to 1975.

Since first looking at the project in 2015, Euro Manganese has undertaken studies on the size of the resource and its extraction potential (running a pilot-scale test operation). In early 2019, the company announced the results of a preliminary economic assessment (PEA) for the project that showed an after-tax net present value of US$593 million using a 10% discount rate.

The PEA models a project operating life of 25 years producing 1.2 million tonnes of high-purity electrolytic manganese metal (HPEMM), of which two-thirds is expected to be converted into high-purity manganese sulphate monohydrate (HPMSM) powder.

The study forecast US$404 million in pre-production capital, US$24.8 million in sustaining capital, and US$31 million in working capital, with a post-tax internal rate of return of 22.6% and a 4.9-year payback. The project’s economics were based on an average HPEMM (containing 99.9% manganese) price of US$4,617 per tonne and HPMSM (containing 32% manganese) price of US$2,666 per tonne over the life of the operation.

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| Company plans to mine tailings for 25 years

“WE STAND TO BECOME THE ONLY PRIMARY PRODUCER OF HIGH-PURITY MANGANESE PRODUCTS IN EUROPE.” MARCO ROMERO PRESIDENT AND CEO, EURO MANGANESE

“The pilot plant tests were a resounding success,” Marco Romero, Euro Manganese’s president and CEO, said in an interview. “We produced high-purity manganese products of a quality that has not been seen before by the market — the highest-purity products in the world right now.”

The project hosts measured and indicated resources of 27 million tonnes grading 7.3% total manganese (5.9% soluble manganese), with 98% of the resource tonnes in the measured category.

The resource is contained in three above-ground tailings cells from past operations, with indications that the manganese is homogeneously distributed throughout the tails. About 80% of the manganese occurs in carbonate form as rhodochrosite and kutnohorite, which is beneficial as it is readily leachable in the extraction process and requires no calcination, unlike manganese oxide ore.

“The vast majority of our target market is very much the lithiumion battery industry, and there are also other customers that need very high-purity inputs for specialty steel products, such as hydrogen storage tanks, and for hybrid vehicle anodes, and also for ferrite permanent magnets used in electric vehicles,” Romero said.

Often referred to as the forgotten battery metal, the outlook for highquality manganese looks robust.

Benchmark Minerals Intelligence, which specializes in battery material research, recently forecast demand growth for high-purity manganese will jump from 80,000 tonnes in 2020 to 370,000 tonnes in 2025, a more than 360% increase. Benchmark Minerals’ growth projections are just for the EV/cathode battery sector and do not incorporate de-

mand from other sectors such as motor fabrication, anodes and specialty steels, aerospace aluminummagnesium alloys, or beverage can stock.

Although it can be a significant component in lithium-ion batteries, manganese itself does not make up a big cost constituent. “Depending on the cathode chemistry it can be anywhere between 10% to a third of the cathode mass, but because it is a lower value product it can be as low as 1-2% of the cost of the battery,” Romero explained.

Given its location in the Czech Republic, a member of the European Union, the company has a natural target market throughout the continent. “We stand to become the only primary producer of high-purity manganese products in Europe,” Romero said. “There is no other deposit [in Europe] even remotely close to this scale and quality.”

Euro Manganese says it is working on setting up a supply chain qualification process with several customers.

“We’re currently in the middle of a feasibility study, which we expect to complete by year end, and we’re months away from filing our project notification that is the start of the environmental assessment process for the full-stage project,” he said.

Approximately 95% of global high-purity manganese product is produced in China, where several projects have been built recently or are under construction.

Euro Manganese has tapped into that Chinese expertise in the sector and established strategic relationships with three firms.

CINF, the engineering arm of Aluminum Corp. of China (Chinalco), undertook a prefeasibility study on Chvaletice that ultimately turned

into the company’s PEA. The company is also partnered with Changsha Research Institute for Mining and Metallurgy (CRIMM), a research arm of China Minmetals, on all its lab and test work, including pilot plant construction. CRIMM has also been awarded the contract for the building, delivery and commissioning of the Chvaletice demonstration plant for a fixed price of US$2.5 million.

Euro Manganese recently appointed BGRIMM Technology Group (BGRIMM), a division of Beijing General Research Institute of Mining and Metallurgy, as lead process plant engineer for the Chvaletice feasibility study, which commenced in October 2019.

Data from the BGRIMM-led feasibility study has started to trickle out with recently reported magnetic separation test results of about 85% total manganese recovery and a 15% total manganese concentrate grade, supporting the proposed process flow sheet for the operation. Additionally, deep purification confirmation tests also verified previous test findings, with the successful removal of target product impurities.

Capital and one-year operating costs needed to complete Euro Manganese’s demonstration plant are expected to reach about US$5 million. The company’s latest financials indicate a current funding gap, showing just over $2 million in the treasury.

Romero reports that the company is evaluating several near-term funding options. In addition, the company says it anticipates entering into offtake agreement negotiations with its high-purity manganese customers to support project financing for the commercial development of the project.

Euro Manganese is covered by two mining analysts. Anoop Prihar, an analyst at Stifel Nicolaus Canada (previously GMP Securities), has a speculative buy rating on the company with a target price of $1.00 per share, while Canaccord Genuity mining analyst Larry Hill has a target price of A$1.10 on the stock.

At press time in Toronto, Euro Manganese traded at 12¢ per share, near the lower range of its 9.5¢ to 28¢ one-year trading range, giving the company a market capitalization of $21 million. TNM

At Euro Manganese’s Chvaletice manganese property, beside the Chvaletice coalfired power plant in the Czech Republic, from left: Harvey McLeod, director; John Webster, interim chairman and director; Roman Shklanka, director; David Dreisinger, director; and Marco Romero, president, CEO and director. EURO MANGANESE

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Mining operations at Wabush 3 pit, part of Rio Tinto’s majority-owned Iron Ore Company of Canada operations in the Labrador trough. RIO TINTO

Indigenous title lawsuits don’t conform to provincial boundaries, Supreme Court rules COURTS

BY KELSEY ROLFE Special to The Northern Miner

A

recent Supreme Court of Canada decision has confirmed the right of Indigenous communities to sue companies for aboriginal title claims that span provinces without needing to file multiple lawsuits.

The ruling on Feb. 21 is the latest development in a years-long attempt by two Quebec Innu groups to sue Rio Tinto (NYSE: RTP; LSE: RIO) and its subsidiary, the Iron Ore Company of Canada (IOC), for a violation of their aboriginal title rights. The communities claim the company’s operations were built without their consent. The case is clear to proceed in Quebec Superior Court after multiple attempts by Rio Tinto and the government of Newfoundland and Labrador to dismiss or significantly amend it.

The Innu of Uashat mak ManiUtenam and Matimekush-Lac John are seeking $900 million in damages and a permanent injunction against the companies’ operations in Quebec and Labrador, which include multiple open-pit mines near Schefferville, Que. and Labrador City, a railway that cuts through northeastern Quebec and Labrador, and port and industrial facilities in Sept-Îlles, Quebec.

In a 5-4 decision, the Supreme Court dismissed an appeal from the province of Newfoundland and Labrador. The province had sought to reverse a 2017 Quebec Court of Appeal decision that agreed Quebec

| Innu groups’ lawsuit against Rio Tinto cleared to proceed in Quebec court

“BEFORE THE SUPREME COURT JUDGMENT, IF YOU’RE A FIRST NATION AND YOUR TRADITIONAL TERRITORY WAS IN TWO PROVINCES, YOU HAD TO SUE IN EVERY PROVINCE.” JEAN-FRANÇOIS BERTRAND LAWYER REPRESENTING INNU OF UASHAT MAK MANI-UTENAM

has the authority to rule on the case, even though it involves jurisdiction outside of the province.

The highest court agreed with the Quebec judgment, finding that aboriginal rights and title are sui generis — rights that defy any recognized category such as civil or common law concepts of property.

In the decision, Chief Justice Richard Wagner wrote that jurisdictional rules should be interpreted more flexibly in aboriginal title claims that involve multiple provinces, to ensure Indigenous peoples are not prevented from asserting their constitutional rights.

The “honour of the Crown,” Wagner wrote, requires reducing the costs and complexity of aboriginal rights and title litigation.

“Where a claim of Aboriginal rights or title straddles multiple provinces, requiring the claimant to litigate the same issues in separate courts multiple times would erect gratuitous barriers to potentially valid claims,” Wagner wrote.

“This would be particularly unjust when the rights claimed pre-date the imposition of provincial borders on Indigenous peoples. The later establishment of provincial

boundaries should not be permitted to deprive or impede the right of Aboriginal peoples to effective remedies for alleged violations of these pre-existing rights.”

As well, the court noted, Quebec courts have jurisdiction over defendants domiciled in the province, and both Rio Tinto and the IOC have their head offices in Montreal.

Jean-François Bertrand, one of the lawyers representing the Innu of Uashat mak Mani-Utenam, called the ruling a “historic decision” for Indigenous peoples’ ability to access justice.

“It’s going to have implications for all First Nations in Canada where their traditional territory [covers multiple] provinces,” he told The Northern Miner in an interview.

“Before the Supreme Court judgment, if you’re a First Nation and your traditional territory was in two provinces, you had to sue in every province.”

For his clients, who speak French, that would have been particularly complicated, Bertrand noted — not only would they have needed to shoulder the cost of lawyers’ and experts’ fees twice and bring witnesses to a second province to

testify, but they would have also needed to use translators in a Newfoundland court.

The ruling will have implications for companies with cross-provincial operations whose works interact with Indigenous traditional territory, he added. Going forward, his clients plan to sue Hydro Quebec for the utility’s operations on their traditional territories, which, like Rio Tinto and the IOC’s, span two provinces.

In an emailed statement to The Northern Miner, Rio Tinto — which was an intervener in the case — said the courts’ jurisdictional authority was an issue for governments and Indigenous groups.

“The resolution of these jurisdictional issues is principally a matter between the federal and provincial governments and the Indigenous communities,” the company said.

“We are committed to building and maintaining strong relationships with Indigenous peoples in the communities where we operate.”

Notably, in the dissenting opinion, Justice Michael Moldaver wrote that the Quebec decisions should be overturned and the portions of the lawsuit pertaining to operations

in Newfoundland should be struck from the lawsuit. “Aboriginal rights exist within the limits of Canada’s legal system, and Aboriginal rights claims before the courts must not go beyond what is permitted by Canada’s legal and constitutional structure,” he wrote, saying the decision would have “serious consequences for Canadian federalism.”

While the lawsuit is only now set to go forward in Quebec Superior Court, the case has already set significant legal precedent when it came before the Supreme Court the first time. In 2015, the court rejected Rio Tinto’s attempt to dismiss the Innus’ lawsuit and a similar British Columbia legal action by the Saik’uz and Stellat’en First Nations over a dam built by the company’s predecessor, Alcan. The company argued that Indigenous peoples must sue the government first to prove their aboriginal title before they could pursue companies for allegedly violating it.

The Supreme Court didn’t rule on the challenges, but it did uphold appellate court rulings from Quebec and B.C. that allowed the groups to proceed with their respective lawsuits, allowing Indigenous peoples to sue resource companies without first having to demonstrating their aboriginal title. TNM — Kelsey Rolfe is a freelance journalist based in Toronto. She has written about the mining sector for more than five years and was previously a section editor at CIM Magazine in Montreal.

Mining tech could capture ‘billions of tonnes of CO2 per year,’ says UBC prof CARBON From 5

tailings facility covering about 5 sq. km could be capable of capturing around 17,000 tonnes of CO2 per year.

And on the assumption that the bedrock contains around 1.5% by weight of brucite, he estimates that around 400,000-500,000 tonnes of CO2 per year emitted by the mine could be entirely offset through carbon mineralization, and around a quarter of B.C.’s annual GHG emissions.

“The project represents a significant step towards the development of more sustainable mining practices by offering the prospect of a carbon-neutral mine as well as other benefits, such as dust management and the stabilization and cementation of tailings piles,” said Turenne.

In addition to field trials, Geoscience BC is also contributing $259,680 to the BRIMM carbon sequestration project to support the development of a ‘carbon se-

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The Baptiste nickel deposit area on FPX Nickel’s Decar Nickel District property in central British Columbia. FPX NICKEL

questration potential index’ for rock formations across British Columbia.

“For the first time in the world, we are attempting to map the carbon storage potential of serpentinite rock

across an entire mountain chain,” explained Dipple. “The map will help to identify future opportunities for carbon capture and storage projects across the province.”

Ultramafic rocks and their associated serpentinite products are abundant in B.C., with highly serpentinized rocks offer the highest potential for sequestering CO2.

Because alterations in the rocks are commonly associated with changes in physical properties, Dipple and his team are looking to quantify these changes by assaying samples collected from several locations across British Columbia, including Atlin, King Mountain, the Decar area and the Turnagain intrusion.

By understanding the relationship between the alteration and physical properties of the formations, the researchers hope to develop a carbon sequestration potential index on both a provincial scale to identify sequestration targets and on the mine-scale level to characterize and classify tailings.

“The project will provide us with a better understanding of natural ways to manage greenhouse gas emissions generated not only by mining companies in British Columbia but also by other industries operating in the province,” said Brady Clift, a geologist and Manager (Minerals) at Geoscience BC. TNM

2020-03-24 5:45 PM

GLOBAL GOLD

SPECIAL FOCUS

Americas Gold and Silver’s Relief Canyon gold mine in Nevada. AMERICAS GOLD AND SILVER

Tanzanian Gold doubles resource for Buckreef project TANZANIA

| Junior targets both underground and open pit potential

BY CARL A. WILLIAMS

T An administrative building under construction at Mako Mining’s San Albino gold project in Nicaragua. MAKO MINING

Nordgold takes stake in Cardinal Resources GHANA

| Russian miner invests in multi-million oz. gold deposit

BY CARL A. WILLIAMS cwilliams@northernminer.com

P

rivately held Nordgold has taken a 19.9% stake in Cardinal Resources (TSX: CDV; ASX: CDV), which is advancing its Namdini gold project in Ghana.

The Russian gold miner, whose non-executive chairman is billionaire Alexey Mordashov, recently confirmed the acquisition of 98.44 million shares of the junior at A$0.44 per share, including 81.04 million shares purchased from a subsidiary of Gold Fields at a price of A$0.46 per share.

Nordgold has also submitted a non-binding and conditional proposal to acquire all of the remaining shares in Cardinal Resources that it does not already own at a price of A$0.46 per share.

In a press release, Nordgold said that its conditional proposal valued Cardinal at about A$227 million (US$143 million) on a 100% basis, and represented an 83% premium to Cardinal’s closing share price of A$0.25 on the Australian Stock Exchange on Mar. 13.

The Moscow-headquartered mining company also said it would finance any future acquisition with existing cash reserves and facilities and requested access to complete due diligence on Namdini before making any formal takeover proposal.

Nordgold CEO Nikolai Zelenski said its non-binding proposal represented “a substantial cash premium for Cardinal shareholders” and provided “an immediate opportunity to realize value without the associated risks of project development.”

Cardinal Resources has been

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looking for financing for Namdini since the first half of last year, Nordgold said.

The Russian mining company also emphasized that its management is “committed to operating in West Africa and has the proven development experience and balance sheet to bring Namdini into production to the benefit of the local community and all stakeholders.”

The Namdini project, 50 km southeast of the town of Bolgatanga in northern Ghana and about 60 km south of the country’s border with Burkina Faso, lies within the Nangodi Greenstone Belt, one of a series of southwest-northeasttrending granite-greenstone belts.

The gold project has measured and indicated resources of 182 million tonnes grading 1.1 grams gold per tonne for 6.5 million oz. contained gold. Inferred resources stand at 12 million tonnes grading 1.2 grams gold per tonne for 500,000 ounces.

The resource estimate completed in March 2018 was based on a cut-off grade of 0.5 gram gold per tonne.

The deposit, discovered by Savannah Mining in 2013, is a structurally controlled, orogenic gold deposit.

Namdini has a strike length of 1,150 metres and is up to 300 metres wide and 700 metres deep, the company says.

The gold mineralization is hosted in a mixture of altered meta-volcanic sediments, diorite and tonalite and is associated with quartz-carbonate veins and shares numerous features with similar deposits found elsewhere in late Proterozoic Birimian terranes of West Africa.

A preliminary economic assessment completed in February 2018 envisioned a single open-pit mine feeding a conventional f lotation and CIL circuit and operated by contract miners. It was based on an

earlier resource estimate released in September 2017. The study assumed the project would initially focus on a high-grade starter pit towards the north of the deposit.

Initial capital costs were forecast to range from US$275 million to US$426 million depending on the project’s scale. The study evaluated three development scenarios yielding 159,000, 211,000 and 333,000 oz. gold per year and annual throughput rates of 4.5 million tonnes, 7 million tonnes and 9.5 million tonnes.

Nordgold operates ten mines, four of which are in West Africa—three in Burkina Faso and

one in Guinea.

Mordashov, Nordgold’s nonexecutive director, created Nordgold by spinning off the gold mining assets of Russian steel giant Severstal.

Mordashov was appointed CEO of Severstal in 1996 and elected chairman of Severstal’s board of directors in 2002. He resigned as Severstal’s CEO in 2015 after 19 years in the job and remains a majority shareholder in the company, according to Forbes.

The business magazine estimated Mordashov’s net worth in April-May 2019 at US$20.5 billion. TNM

cwilliams@northernminer.com

anzanian Gold (TSX: TNX; NYSE:TR X) has updated the resource estimate for its Buckreef gold project, about 110 km southwest of the city of Mwanza in north-central Tanzania.

The Buckreef shear zone now contains 40.99 million tonnes grading 1.73 grams gold per tonne for 2.27 million oz. contained gold, up from a 2018 estimate of 21.99 million tonnes grading 1.54 grams gold per tonne for 1.09 million ounces. The resource estimate used a 0.5 gram gold per tonne cut-off grade.

“Because of our comprehensive drilling program, we were able to drill into the mineralization and explore right up to the edge of the envelope,” Jim Sinclair, the company’s executive chairman, said in a telephone interview. “So far we have drilled down beyond 950 metres, and we are now looking at a sizeable open pit deposit as well as underground mineralization” The updated resource estimate incorporated results from Phase I and Phase II drill programs in 2019, which totalled 52 holes over 17,650 metres, representing the most extensive drilling campaign in the company’s history.

Phase I comprised a 15-hole infill drilling program of the open pit with the intention of converting inferred resources to the measured See TANZANIAN / 14

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GLOBAL GOLD SNAPSHOT

Eight firms chasing mineral riches far and wide Given the market volatility from the spread of COVID-19, the outlook for precious metals remains uncertain.

Nevertheless, gold exploration and mine development remain important drivers of mining activity.

Here are eight companies with exposure to gold and precious metals.

BEAR CREEK MINING Bear Creek Mining (TSXV: BCM; US-OTC: BCEKF) wholly owns the 57-sq.-km Corani silver-lead-zinc deposit in Peru’s Andes mountains, 160 km from Cusco.

In November, the company released an updated feasibility study for a potential 27,000 tonne per day open-pit operation, extracting ore from the Este, Minas and Main pits. The study envisioned a mine that would produce an average of 9.6 million oz. of silver, 98 million lb. of lead and 69 million lb. of zinc annually over a 15-year life. With life of mine all-in sustaining costs of US$4.55 per oz. of silver produced and US$579 million in initial capital, the associated project’s net present value estimate, at an 8% discount rate, comes in at US$369 million.

Separate zinc and lead concentrates would be produced on site, with additional contained silver for trucking to the Matarani port, located 632 km away.

The latest study includes a contractor mining scenario, with a third-party in charge of ore and waste haulage as well as equipment maintenance. Bear Creek has key permits in place for the shovel-ready project.

The latest study was an update of a report previously completed in 2017. Modifications included a redesign of haul roads, rerouted construction access, a reduced footprint of the process plant and increased throughputs of 27,000 tonnes per day, up from the previous 22,500 tonnes per day.

The total reserve statement for the project is unchanged at 139.1 million tonnes grading 50.3 grams silver per tonne, 0.9% lead, and 0.59% zinc for a total of 225 million oz. silver, 2.7 billion lb. lead and 1.8 billion lb. zinc. Additional measured and indicated resources stand at 96.7 million tonnes grading 27.9 grams silver, 0.38% lead and 0.26% zinc with a further 39.9 million tonnes at 37.2 grams silver, 0.58% lead and 0.4% zinc inferred.

Bear Creek plans to engage in discussions with potential project finance participants to allow its board to make a construction decision. In February, the company closed a $16.6-million bought deal financing.

Bear Creek Mining has a $115.7-million market capitalization.

GOGOLD RESOURCES GoGold Resources (TSX: GGD) holds the Parral tailings and Los Ricos projects in Mexico.

The producing Parral project in Chihuahua state features 21.3 million tonnes of tailings from historical mining operations near an urban area. Due to sub-optimal historic recovery flowsheets, significant amounts of both silver and gold remain in this material. A

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Drillers in the west pit at Mako Mining’s San Albino gold project in Nicaragua. MAKO MINING 2013 pre-feasibility study outlined a reserve of 20.3 million tonnes grading 38.4 grams silver per tonne and 0.31 gram gold per tonne for a total of 35 million oz. silverequivalent.

After an 18-month financing and construction period, GoGold started production activities at the site in June 2014. Subsequently, in February 2015, the company acquired the nearby Esmeralda tailings property, adding measured and indicated resources of 5.8 million tonnes of 49 grams silver and 0.26 gram gold for a further 12.6 million silver-equivalent ounces.

In the fourth quarter of 2019, Parral produced 584,988 silver-equivalent oz. at all-in sustaining costs of US$14.59 per oz. and GoGold expects to maintain this level of

output throughout 2020.

In January, the company commissioned a sulphidizationacidification-recycling-thickening (SART) plant at Parral to regenerate the cyanide and produce a copper sulphide product. The SART technology allows companies to manage and recycle process cyanide.

In March of last year, GoGold entered into an option agreement to acquire the 225-sq.-km Los Ricos project in Jalisco state from private owners. In August, the company accelerated the acquisition by paying a total of US$7.1 million for the acquisition in cash and shares over a 24-month period.

Los Ricos features extensive historic underground development with epithermal mineralization.

Last year the company completed 17,400 metres of diamond drilling at the site, mostly around historic mining areas.

Latest drill highlights from the site included 21 metres of 219 grams silver-equivalent from the Los Ricos quartz vein within the San Juan area, as well as 10.7 metres of 235 grams silver-equivalent from a shallow hole testing the el Abra outcrop.

Two main exploration efforts are underway at Los Ricos: the South project that includes the Main site area with drilling around historical mines and new targets, and the North project, which includes four targets.

In February, the company closed a $25 million bought deal with proceeds intended for exploration

at Los Ricos as well as for corporate purposes.

GoGold has a market capitalization of $86.6 million.

MAKO MINING Mako Mining (TSXV: MKO) is developing the San Albino gold project in Nicaragua, located 173 km north of the capital city of Managua.

The proposed San Albino open pit is high-grade. A 2015 resource estimate and preliminary economic assessment for the project outlined in-pit indicated resources of 656,000 tonnes grading 7.13 grams gold per tonne for a total of 150,400 oz. with additional inferred resources of 880,000 tonnes of 6.78 grams gold totaling 192,000 ounces. A total of 148,600 of these

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THE NORTHERN MINER / MARCH 30–APRIL 12, 2020

11

estimates the capital cost for construction of the heap leach project at approximately $10 million.

The planned Santana mine would have a 5,000 tonne per day to 6,000 tonne per day design capacity. At the end of January, the company entered into a purchase agreement for a crushing, screening and agglomeration system for the mine for staged payments totaling $1.2 million.

In the first quarter, Minera Alamos started preparing for construction of the leach pads and holding ponds. To date, the company has mined about 50,000 tonnes on a trial basis with recovered gold grades at over 0.67 gram gold per tonne.

In December 2019, the company announced a $14 million combined royalty and equity financing package with Osisko Gold Royalties (TSX: OR). The financing included a $6 million private placement, a $5 million sale of a perpetual 3% net smelter return (NSR) royalty on Santana, with a further $3 million available in financing from Osisko during construction and start-up of Santana. Osisko Royalties currently holds 18.7% of the company’s shares.

Tanks under construction at Mako Mining’s San Albino gold project in Nicaragua. MAKO MINING ounces are in oxides with a further, predominantly sulphide, 2.2 million inferred tonnes grading 8.47 grams gold for a total of 595,800 oz. out of pit.

The PEA outlined a 500 tonne per day staged open pit to underground operation at an initial capital cost of $21.1 million, average annual payable goldequivalent production of 41,300 oz. and all-in gold-equivalent sustaining costs of $395 per ounce.

The associated net present value estimate for the project, at a 5% discount rate, came in at US$173.9 million, with a 1.7-year payback period.

In July of last year, the company closed a $27 million rights offering with Wexford Capital, a U.S.based investment firm and Mako’s controlling shareholder with a 50.9% stake, to start construction at San Albino. In addition, in February of this year, Mako also closed a US$15.5 million unsecured term loan with Wexford.

Mako provided a mine construction update in November last year.

At that time, the company had

just purchased a 1,000 tonne per day crusher and was looking at available second-hand mills. Mako started pre-stripping waste at the future San Albino pit in February and said it will start mining of mineralized material this month.

Las Conchitas this year is aimed at defining near-surface, highgrade mineralization to delineate a resource with additional work planned for high-grade targets within the company’s land package.

Mako is currently targeting completion of the process plant construction by this summer with a first gold pour expected in late summer.

Mako Mining has a $189.7-million market capitalization.

In September 2017, the company received a permit to construct and operate a mine at the site with throughputs of up to 500 tonnes per day.

San Albino is located within the company’s 150-sq.-km land package, which covers a 23-km strike of the Corona de Oro gold belt. The existing deposit remains open both on strike and at depth.

In March, Mako released drill results from the Bayacun zone at the Las Conchitas area, about 2.5 km south of the San Albino construction site. Highlight intercepts included 3.1 metres of 32.73 grams gold and 3.4 metres of 30.61 grams gold. Drilling at

Minera Alamos Minera Alamos (TSXV: MAI) is developing the wholly owned

Santana open-pit heap leach gold project in Mexico’s Sonora state, with additional upside from the pre-development La Fortuna asset in the state of Durango.

In January, the company announced that it had started construction activity at the 85 sq. km project, which is estimated to take about six to eight months to complete. This initial operation is forecast to generate approximately 25,000 oz. to 30,000 oz. of gold annually. Minera Alamos currently

In September 2019, surface rock sampling at the project identified additional gold-silver surface anomalies: the Gold Ridge zone, which has been traced for about 1,000 metres of strike and over widths of 200 metres. This discovery is roughly 2-3 km away from the planned heap leach facilities. In addition to Gold Ridge, exploration targets include the Divisadero, Benjamin and Zata zones where rock samples have also returned anomalous gold values. Drilling is ongoing with plans for approximately 2,500 metres to 3,000 metres in each

See SNAPSHOT / 12

TSX: TNX NYSE AMERICAN: TRX

Tanzanian Gold Corporation is building an oxide processing plant at The Buckreef Project in Tanzania.

Initial installation to begin production of gold by the end of the 2nd quarter, which the Company believes will be the start of a Tier One Mine.

For inquiries about recent developments, please contact: Michael Martin Investor Relations Email: m.martin@tangoldcorp.com Phone: +-860-248-0999 Please view our new presentation via our website at:

www.tangoldcorp.com

An administrative building under construction at Mako Mining’s San Albino gold project in Nicaragua. MAKO MINING

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GLOBAL GOLD SNAPSHOT SNAPSHOT From 11 quarter of this year.

Minera Alamos also holds the 62-sq.-km La Fortuna project in Durango state. A preliminary economic assessment (PEA) from 2018 outlined an open-pit operation producing an average of 50,000 gold-equivalent oz. annually over a five-year mine life. With all-in sustaining costs pegged at US$440 per oz. and a pre-production capital outlay of US$26.9 million, the associated project’s net present value estimate, at a 7.5% discount rate, came in at US$69.8 million.

Permitting for La Fortuna is underway with an estimated 12-month build period. Minera Alamos envisions development of this asset once construction at Santana is complete. The company has also identified additional zones of mineralization at the project.

Minera Alamos has a $87.4-million market capitalization.

OceanaGold OceanaGold (TSX: OGC) holds three operating gold mines in New Zealand and the U.S. as well as the Didipio gold-copper mine in the Philippines, which suspended processing operations in October.

In 2020, the company expects to produce 360,000 oz. to 380,000 oz. of gold at all-in sustaining costs of US$1,075 to US$1,125 per oz.

The Haile open pit in South Carolina is currently the company’s

A headframe at Wesdome Gold Mines’ Kiena gold project in Quebec. WESDOME GOLD MINES largest production contributor, expected to churn out 180,000 oz. to 190,000 oz. of gold this year at AISCs of US$1,080 to US$1,130 per oz. The mine, which started pouring gold in 2017, has an estimated mine life reaching out to 2033. In the near term, the company is also working towards upping open pit operations through accelerating mining activities, increasing productivities, updating mine plans and deploying

a larger mining fleet.

OceanaGold is also completing optimization work on an underground mine plan for the Horseshoe underground with an expansion at Haile in mind. It plans to provide details of these studies in the second half of this year.

The Macraes underground and open pit operations in New Zealand are forecast to contribute

160,000 oz. to 170,000 oz. this year.

The complex has been producing for over 29 years and the company is currently targeting a mine life extension at the project through ongoing exploration and planning work. A pre-feasibility study for the Golden Point underground project at the site is underway, expected in the second half of the year.

The company’s Waihi underground mine, also in New Zealand, is

forecast to produce 18,000 oz. to 20,000 oz. in 2020. Last year, OceanaGold received the goahead to develop the Martha Underground within the Waihi district, below the past-producing Martha pit and accessible through existing underground infrastructure, which would extend the life of this mine by at least ten years. First production is expected in the second quarter of next year, and anticipated to ramp up to

OceanaGold’s Waihi gold mine on New Zealand’s North Island. OCEANAGOLD

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The processing plant at Roxgold’s Yaramoko gold mine Burkina Faso. ROXGOLD the 90,000 oz. to 100,000 oz. per year level. Additional exploration is underway at the WKP pastproducing project, located 10 km from the Waihi plant; drill results there have included 25.4 metres of 38.7 grams gold per tonne and 8.7 metres of 24.5 grams gold.

At Didipio, governed by a Financial or Technical Assistance Agreement (FTAA) with the Philippine government, the office of the president is currently reviewing the FTAA renewal application, with a notice of renewal submitted in March 2018, but has not issued a decision timeline. The FTAA became renewable for a 25-year term in June 2019. The mine remains in a state of operational readiness. Last year it produced 83,913 oz. of gold and 10,255 tonnes of copper.

OceanaGold has a $777.9-million market capitalization.

Roxgold Roxgold (TSX: ROXG) is an Africa-focused gold producer and developer with assets in Burkina Faso and Cote d’Ivoire.

The company’s 1,100 tonne per day Yaramoko operation in Burkina Faso, 200 km southwest of Ouagadougou, features the 55 Zone and Bagassi South underground mines. This year, the two operations are expected to produce a total of 120,000 oz. to 130,000 oz. of gold at AISCs of US$930 to US$990 per oz. with similar anticipated production at lower AISCs, in the range of US$750 to US$850 per oz., expected in the two following years.

Yaramoko’s total reserves are at 2.5 million tonnes grading 8.24 grams gold per tonne for a total of 658,000 ounces. The majority of these are contained within the 55 Zone, an area with a history of resource replacement, where high-grade, dipping shoots have been traced down to a depth of 1.2 vertical kilometres. In the second half of this year, Roxgold plans to complete a 14,000-metre infill

1-16_MARCH30_Main .indd 13

program from underground at this site to drill resource extensions at depth and test parallel structures.

market capitalization.

152,500 metres at Eagle River.

Wesdome Gold Mines

In April 2019, Roxgold acquired the Seguela project in Cote d’Ivoire, 240 km northwest of Yamoussoukro. Current indicated resources for the project are at 7.1 million tonnes grading 2.3 grams gold for a total of 529,000 oz. with and an additional 5.2 million inferred tonnes at 2.8 grams gold containing 471,000 ounces.

Wesdome Gold Mines (TSX: WDO) operates the Eagle River complex nearby Wawa in Ontario and also holds the Kiena project in Quebec.

A preliminary economic assessment is underway evaluating a restart of Kiena, which is expected in the second quarter. In February, Wesdome also released drill results from this project, which extended the Deep A zone down plunge. Highlights from step out work included 10 metres of 114.8 grams gold and 17.2 metres of 25.3 grams gold.

Roxgold envisions development of the Antenna deposit at the site with additional contributions from satellite pits situated along the main structures of the BoulderAgouti trend. In April of last year, the company started a 24,000 metre drill program testing six potential target areas, five of which returned meaningful gold intercepts. Overall, there are 28 targets identified within the Seguela holdings.

Infill and step-out drilling completed at Antenna since the January 2020 resource update has confirmed a high-grade core with extensions to this mineralization at depth and along strike. Highlight intercepts included 11 metres of 3.3 grams gold as well as 28 metres of 1.7 grams gold; both of these start at surface. The results will be incorporated into an upcoming preliminary economic assessment for Seguela, expected in the second quarter of 2020.

On the exploration front, the company’s Boussoura project in Burkina Faso, 180 km south of Yaramoko, lies within the Houde gold belt. Boussoura permits cover an area of 250 sq. km with a further 250 sq. km covered by earn-in agreements. Main targets at the site are Fofora in the north and Galgouli in the south: the former hosts artisanal workings over an area of 9 sq. km with over nine veins identified whereas the latter features 1 km of artisanal workings over a primary target vein. Two rigs are currently working at Boussoura.

Roxgold has a $263.8-million

This year, its guidance is for 90,000 oz. to 100,000 oz. of gold at all-in sustaining costs of US$985 to US$1,049 per ounce.

The majority of this production is expected to come from the Eagle River underground mine with a minor contribution from the Mishi open pit at the Eagle River complex.

The Eagle River underground operation and Mishi pit feed a central 850 tonne per day mill at Eagle River with additional exploration underway to extend existing zones of mineralization and identify new lenses.

In February, the company announced exploration results from the Ontario asset, with drilling extending the Falcon zone as well as the 303 Lens. The latter is a potential source of short to medium-term mill feed. Intercepts of note included 3 metres of 49.4 grams gold per tonne from Falcon as well as 6.4 metres of 49.1 grams gold from the 303 Lens.

The Kiena complex in Val d’Or has been on care and maintenance since 2013 and contains a permitted, 2,000 tonne per day mill, a 930 metre shaft, and a ramp system that extends to 1,050 metres depth. Total measured and indicated resources at the property are at 2.8 million tonnes grading 8.67 grams gold for a total of 788,100 oz. with further inferred resources of 2.9 million tonnes at 8.51 grams gold for 798,100 oz.; approximately half of these resources are contained within the higher-grade Kiena Deep A zone.

This year, the company’s $19.8-million exploration budget is allocated towards 85,000 metres of drilling at Kiena and a total of

The company also holds the Moss Lake property, covering 36 km of strike along the Shebandowan greenstone belt, 100 km west of Thunder Bay in Ontario. The property hosts measured and indicated resources of 1.4 million oz., with additional inferred resources of 1.8 million ounces.

Current resources grade 1.1 grams gold.

Wesdome has a $852.8-million market capitalization.

Yamana Gold Yamana Gold (TSX: YRI; NYSE: AUY) is a gold and silver producer with operations in Canada and South America. This year it expects to generate 990,000 gold-equivalent oz. on a company-wide basis.

The company’s largest gold contributor is the Canadian Malartic open-pit mine in Quebec, which is expected to churn out 330,000 oz. of gold this year for Yamana at all-in sustaining costs of US$820 to US$850 per goldequivalent ounce. Yamana has a 50% stake in the asset with Agnico Eagle Mines (TSX, NYSE: AEM) also at a 50% ownership. The two companies operate the mine through a partnership. Exploration is also underway at this asset to evaluate additional deposits and prospective areas.

In Chile, Yamana owns the El Penon gold-silver underground mine, which is expected to contribute 162,000 oz. of gold and 4 million oz. of silver in 2020 at AISCs of US$930 to US$960 per goldequivalent ounce. Earlier this year,

the company was able to increase its gold and silver reserves for the asset, net of mining depletion, and also up its gold measured and indicated resources by 66%.

The company’s Jacobina complex of underground mines in Brazil is forecast to generate a further 162,000 oz. of gold this year at AISCs of US$860 to US$890 per oz. A two-phase expansion is underway for this project, with the first phase increasing output to the 170,000 oz. per year range and the second, pending approval, potentially ramping the asset up to the 225,000 oz. per year rate. A pre-feasibility study is underway to assess optimal expansion scenarios.

In Argentina, Yamana’s Cerro Moro complex is forecast to produce 117,000 gold oz. this year with a further 7.5 million oz. of silver at AISCs of US$970 to US$1,000 per oz. The Minera Florida underground mine in Chile is anticipated to generate 86,000 oz. of gold in 2020 at AISCs of US$1,130 to US$1,160 per oz.

In addition to its producing mineral assets, Yamana holds the Agua Rica copper-gold-silver-molybdenum deposit in Argentina with a feasibility study expected by the end of this year. The company is evaluating strategic options and partnerships to maximize the value from this asset.

Yamana also holds an 8.75% stake in Equinox Gold (TSX: EQX; NYSE: EQX), a company with six producing gold mines, and in, February, the company sold its royalty portfolio to Nomad Royalty (TSXV: GV) for a total of US$65 million.

In March, the company announced a partial temporary demobilization of its workforce at Cerro Moro in Argentina due to the COVID-19 virus. As of presstime, the company was not expecting this ramp-down to have a meaningful impact on its production guidance for the year.

Yamana Gold has a $3.6-billion market capitalization. TNM

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Tanzanian Gold doubles resource for Buckreef project TANZANIAN From 9

and indicated category.

The Phase II program, the company said, showed robust continuous mineralization below the northern part of the pit.

Hole L25-1, one of the most northerly holes, extended the shear zone over 200 metres along strike and included a 31 metre intercept grading 2.5 grams gold per tonne from 650 metres.

Phase III drilling is now testing the continuity of mineralized structures from surface, through the open pit and below the pit bottom, and below the drilling program conducted in Phase II. Initial drill results from Phase III included a 38.7 metre intercept grading 5.2 grams gold per tonne starting from 464.3 downhole and 13 metres of 4.6 grams gold per tonne from 360 metres.

“The Phase III drilling program is intended to firm-up not only the numbers but also confirm the

Drills on site (left) and workers logging core (right) at Tanzanian Gold’s Buckreef gold project in Tanzania.

quantity as well as the quality of the mineralization. Although the grades are presented as averages, we have seen grades as high as 12, 15 and 19 grams of gold per tonne,” Sinclair said. “The focus of the current metallurgical testing is on final feasibility plant design to treat primary resources in the pit and below the pit bottom.”

In addition, the company has

started a grade-control drilling program comprising 79 holes over 1,975 metres for the high-grade oxide resources close to the surface within the open pit. According to a pre-feasibility study, these resources contain less than 1% of the gold and will be treated by a separate, smaller plant.

During the 1980s, the Tanzanian government operated Buckreef as

TANZANIAN GOLD

an underground mine.

Since then, previous owners including Iamgold (TSX: IMG) have undertaken exploration programs in the area, including aeromagnetic, helicopter-borne IP, ground magnetic and soil geochemistry surveys, as well as extensive reverse circulation (RC) and diamond drilling programs.

Iamgold verified historic drill

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2020 Mines Handbook - 225 Duncan Mill Rd., Ste. 320, Toronto ON, M3B 3K9

1-16_MARCH30_Main .indd 14

data and undertook additional exploration work, including 30,000 soil samples, 202,000 metres of reverse circulation drilling, 124,000 metres of aircore drilling, and 28,000 metres of diamond core drilling.

The Buckreef project covers the eastern portion of the east-west trending Archaean Rwamagaza Greenstone Belt within the Lake Victoria Goldfields of the Tanzanian Craton. Aeromagnetic data indicates the presence of several elongate discontinuous, sheared ultra-mafic bodies that could represent either intrusive bodies or the cumulate portions of thick, magnesium-rich basaltic lava flows.

Gold mineralization at Buckreef is associated with small amounts of fine-grained pyrite within a grey quartz vein. The mineralization runs primarily along an east-west trending brittle-ductile shear zone within deformed mafic volcanic rocks.

Alteration in the zone is characterized by a silica carbonate-pyrite assemblage with well-preserved shear fabric. Gold mineralization is associated with alteration halos and grey quartz zones with the quartz occurring as thin veins, stringers and boudins parallel to the shear fabric.

Tanzanian Gold believes the Buckreef deposit could be similar in terms of geology and size to Barrick Gold’s (TSX: ABX; NYSE: GOLD) Bulyanhulu mine, about 40 km southwest of Buckreef.

Bulyanhulu is a narrow-vein gold mine containing gold, silver and copper mineralization in sulphides and is associated with a number of steeply dipping veins and began production in 2001.

“According to our desktop studies, we could be looking at production levels of 100,000-200,000 ounces per year, so we are expending considerable time, money and effort in confirming the size of the find and planning for the mine’s development,” said Sinclair. “The worse-case scenario is that we have good open pit and underground mineralization, best-case scenario is that we have a mine that is competitive with Bulyanhulu.”

At press time in Toronto Tanzanian Gold was trading at $0.71 within a 52-week trading range of $0.56 to $1.56. The junior has 158 million common shares outstanding for a market cap of 112.5 million. TNM

“THE FOCUS OF THE CURRENT METALLURGICAL TESTING IS ON FINAL FEASIBILITY PLANT DESIGN TO TREAT PRIMARY RESOURCES IN THE PIT AND BELOW THE PIT BOTTOM.” JIM SINCLAIR EXECUTIVE CHAIRMAN, TANZANIAN GOLD

2020-03-24 5:45 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / MARCH 30–APRIL 12, 2020

15

Experts discussing ESG issues at the PDAC 2020 convention in Toronto: from left: Brahm Spilfogel, VP and senior portfolio manager, RBC Global Asset Management; Amy Freedman, CEO, Kingsdale Advisors; Ahsan Ahmed, head of ESG, Sprott Inc.; Melanie Hennessey, VP of corporate communications, NovaGold; and Sarah Keyes, principal, ESG Global Advisors. PDAC

Investors increase scrutiny over ESG reporting PDAC

BY CARL A. WILLIAMS cwilliams@northernminer.com

A

mong the many challenges facing the minerals exploration and mining industry, Environmental, Social and Governance (ESG) issues are receiving increased attention, with ESG programs now critical components of a company’s strategy and business planning.

The Prospectors and Developers Association of Canada (PDAC) convention in Toronto offered several ESG and sustainability-themed sessions focussed on helping companies understand ESG factors and disclosures and how they differ from Corporate Social Responsibility (CSR) reporting.

“Both have been around for some time,” Amy Freedman, CEO of Kingsdale Advisors, a strategic governance and communications advisory firm, told The Northern Miner in an interview at the conference. “However, whereas CSR looks at how companies are taking actions to bring about positive impacts, ESG measures these activities more precisely and reports them as financial metrics.”

Freedman was one of four experts on an ESG panel discussion at the conference.

The panel recognized that while there was some overlap between ESG and CSR, ESG focusses on a company’s ability to access capital in both the near- and long-term.

| Access to risk-averse capital driving industry transformation, experts say “THE DATA SHOWS THAT OVER TIME COMPANIES THAT HAVE DEVELOPED AND REPORTED ON ESG METRICS PERFORM BETTER THAN THOSE WHO DON’T.” MELANIE HENNESSEY VP OF CORPORATE COMMUNICATIONS, NOVAGOLD RESOURCES

The panel noted that a recent survey on responsible investing by RBC Global Asset Management reports that 97% of institutional investors say they evaluate companies’ ESG disclosures. The survey also confirmed that investors are adopting an ESG-based approach primarily because they view it as a way to enhance returns and mitigate risk.

“First, companies need to define what their ESG issues are,” Freedman said. “They then need to show how they are managing the financial risks from these issues and communicate this to investors.”

By nature, mining is complicated, with environmental risks among the highest across all sectors. There are also social risks that can arise from fears of pollution, conflicts over water-usage, and economic and landscape impacts on local communities, the panelists said.

Although there was general agreement among the panelists that they had seen signs of progress on ESG disclosures, they cautioned that many companies were still just making commitments. The panelist also noted that investors and other stakeholders were looking to see

“SOCIAL FACTORS ARE NOT QUANTITATIVE PER SE, SO IT’S HARD, FOR INSTANCE, TO GIVE IT A SCORE OUT OF TEN.” AMY FREEDMAN CEO, KINGSDALE ADVISORS

1-16_MARCH30_Main .indd 15

progress on these commitments and were becoming more “savvy” in terms of seeing through so-called ‘ESG-washing’ and that governance risks were driven primarily by a company’s risk culture, size and location of operations.

In addition, the panel discussed the role of external organizations, like mining industry bodies, which have introduced codes of practices and principles for ESG that help companies in their ESG disclosures.

But the panel emphasized the critical role investors play in the dynamic, particularly large institutional investors with long-term investment horizons that are at the vanguard in pressing companies to develop robust and transparent ESG programs.

Freedman acknowledged how challenging it is for companies to qualify many of the ESG issues they face and said she believed that investors need to appreciate ESG risks from the company’s perspective to help them to understand their ESG risks.

Although there are many commonalities among mining companies in terms of measuring and managing their environmental risk, Freedman recognized that social issues are invariably complicated, nebulous, and often location-specific.

“Where the issue can be measured, companies should be measuring and reporting them,” said Freeman. “However, social factors are not quantitative per se, so it’s hard, for instance, to give it a score out of ten.”

For these issues, Freedman believes that “the management and boards of companies will need to develop appropriate metrics, evaluate how they are tracking against them and communicate those evaluations to investors.”

Moreover, mining companies often have operations in developing countries, which can be challenging investment environments, where risks include complex political and socio-economic issues, she said.

For instance, the panel discussed the involuntary resettlement of communities, which often accompany mining projects and can lead to economic and physical displacement. Human rights violations, particularly for indigenous people, who have strong links to the natural environment, especially with the land, was also a significant concern

for the panel.

Although a company’s ESG-related impacts may be challenging to measure, ESG reports provide valuable insights into current and future environmental and social risks, the panelists agreed. They can have direct and indirect financial impacts on profits and return on investments.

With increasing awareness and understanding of ESG risks among the investment community, the pressure is now being placed on companies to improve disclosure.

The bottom line, the panelists agreed, is the need for companies to increasingly incorporate ESG risks into their business planning, operations and communication strategies.

“Over the past five years, companies have been much more active on specific governance and social issues of ESG-related risks,” said panelist Melanie Hennessey, vice president of corporate communications at NovaGold Resources (TSX: NG).

“The data shows that over time companies that have developed and reported on ESG metrics perform better than those who don’t.” TNM

JOB OPPORTUNITIES

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2020-03-24 5:45 PM

16

WWW.NORTHERNMINER.COM

MARCH 30–APRIL 12, 2020 / THE NORTHERN MINER

The Chang’e-4 probe. XINHUA/CHINA NATIONAL SPACE ADMINISTRATION

Lunar prospecting, mining on horizon MOON From 3

challenges,” she told the crowd.

“Challenges such as operating in extreme environments, with limited energy sources and efficiencies.

Challenges such as projects with capital intensive needs, with long lead times and increasingly relying on remote and autonomous operations.”

Koutsavlis went on to categorize the concept of space mining as a technology play, but one that both industries are failing to recognize and collaborate on. Canada needs to act quickly, she warned, or it risks being left behind as other nations push their own agendas for lunar mining. It’s not just China’s recent efforts to explore the Moon that are of concern to people like Koutsavlis.

In 2015, the United States government enacted the Commercial Space Launch Competitiveness Act. Part of this federal act includes promoting the ability of Americans to engage in commercial exploration and recovery of extraterrestrial resources. To date, Canada has no such official plan, though Koutsavlis is one of those advocating for a stronger policy position that will reflect the interests of government and industries, something her talk at PDAC was intended to help move forward.

Another strong advocate for lunar mining is Angel Abbud-Madrid, Director of the Center for Space Resources at the Colorado School of Mines. For over twenty years he has been working with both the aerospace and the mining industries, and this has given him a unique perspective on the similarities and differences between the two sectors.

And, like Koutsavlis, he is keen to build bridges between the white coats and the hard hats.

“You don’t think in the way that space people think,” Abbud-Madrid, a mechanical engineer by training, told the miners in the audience.

“On Earth, you need three steps in order to develop any extraction

1-16_MARCH30_Main .indd 16

“ANY ROCKET IS 90% FUEL, WHICH IS REQUIRED TO LAUNCH THE OTHER 10%. AND YOU’RE LUCKY IF YOU CAN GET 2% TO 4% OF THAT TO BE ACTUAL [PAYLOAD.]” ANGEL ABBUD-MADRID DIRECTOR, CENTER FOR SPACE RESOURCES AT THE COLORADO SCHOOL OF MINES

industry: Recoverable resources, or proven resources; the technology to recover it; and a customer to buy it.”

Yet these underlying business elements of commercial mining have been largely missing from space exploration, which has been driven by scientific goals and funded by governments for most of the last 60 years.

But Abbud-Madrid believes this will change as the private sector pushes its way into this new frontier, and a nascent US$350 billion space economy grows into one projected to be worth trillions. In the short term, he highlighted that the business case for space mining will be based using the Moon’s resources for space-based purposes.

“It’s extremely expensive and energy intensive to send things into space,” he explained, with the Russians charging around US$86 million to send an individual astronaut to the International Space Station on their Soyuz spacecraft.

“Earth has such an enormous gravity that it’s really hard to get out to space,” said Abbud-Madrid.

“Any rocket is 90% fuel, which is required to launch the other 10%.

And you’re lucky if you can get 2% to 4% of that to be actual [payload].

So you don’t want to actually bring resources into space, you want to use what you have there. This is ‘in situ resource utilization’, using the resources on site.”

As to what is the most valuable resource that can be mined on the Moon, he had an answer that surprised many in the audience.

“The most important thing there is water,” said Abbud-Madrid. “Everywhere humans go we look for water.”

As well, he pointed out that water can be split into its two constituent elements, hydrogen and oxygen, even if it’s sourced from the Moon. “This is the most energetic rocket propellant that you can find.

And if you can have propellant in space, you don’t have to send it from Earth.”

While the idea of mining water on the Moon may seem surprising, for Jeff Plate it was more validation of his firm’s belief in the very real potential for practical commercial extraterrestrial mining operations.

Plate is Vice-President, Marketing and Business with Toronto-based geological and mining consultants Watts, Griffis and McOuat Limited (WGM). He spoke with The Northern Miner after the PDAC session about how he went from skeptic to believer.

“Like most people in the mining community, I always thought, ‘Wow, this is really cool and scientifically interesting, but you’ll never make any money at it,’” he says. “But then about a year and a half ago, I learned about the dramatic drop in the cost of launch, to about a tenth of what it once was,” as private sector firms as SpaceX, ULA (United Launch Alliance) and Blue Origin entered into operational status.

This led Plate and WGM to embark on an economic mining study focusing on lunar water, in which they asked the same questions that would be posed about any potential terrestrial mining operation.

“Is there a market?” was the starting point, Plate recalls. “If so, how big is it? What is the price you can get for the commodity of interest?

And then, more importantly, can you both technically and economi-

cally produce that product and make a profit? And the answers to all those questions were yes, across the board.

And a resounding yes, at that.”

WGM’s Conceptual Economic Lunar Water Mining Study was released last August and posits that the current market value of a tonne of lunar water is about US$10 million.

Even though Plate cautions that the value approximation of lunar water ranges between $5 million and $35 million per tonne, he points out that their study estimates the costs to mine and process it on the Moon are around US$500,000 per tonne.

“I can build a [lunar] mine and

do all the exploration programs from start to finish for $200 million US,” which he compares with the $20 billion that Teck Resources was intending to invest in its Frontier oil sands mine in northeastern Alberta.

Additionally, he says there is another important difference between terrestrial and lunar mining: “On the Moon there are no taxes, royalties, CSR, or environmental regulations to deal with. It’s like mining was 300 years ago.”

Plate says that the cost reductions and profit projections mean that it’s now within reach of the exploration and development budgets of terrestrial mining companies to consider working on the Moon.

And as for when a financed lunar operation could happen, Plate has a quick response.

“We think that we can credibly get a mine going probably in early 2025 that’s producing a thousand tonnes [of water] a year.” TNM

The Yutu-2, China’s lunar rover, on the surface of the far side of the moon in January. CHINA NATIONAL SPACE ADMINISTRATION

2020-03-24 5:45 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / MARCH 30–APRIL 12, 2020

17

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MARCH 30–APRIL 12, 2020 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / MARCH 16–20 The S&P/TSX Composite Index plunged 13.59% (1,864.5 points) to finish the March 16-20 trading week at 11,851.80. The S&P/ TSX Global Mining Index fell 3.42% to 57.12, while the S&P/TSX Global Base Metals Index dropped 16.56% to 57.98. Spot gold finished at US$1,498.80 per oz., a US$31.10 per oz. drop or 2.03%. The S&P/TSX Global Gold Index rose 5.53% to 213.38.

Kirkland Lake Gold climbed $4.81 to $36.75 per share. The company doubled its quarterly dividend to US12.5¢ per common share—a 100% increase from the previous quarterly dividend of US6¢, which was paid on Jan. 13 to shareholders of record on Dec. 31. The payment marks the 12th quarterly dividend payment made to shareholders since Kirkland Lake adopted a dividend policy in March 2017. The company also announced repurchases of 10.1 million common shares at a cost of $470 million (US$350 million). Kirkland Lake forecasts 2020 production of 1.47 to 1.54 million oz. gold.

Vancouver-headquartered diversified miner Teck Resources fell $2.15 to $10.22 per share. The company announced a temporary suspension of construction activities at its Quebrada Blanca Phase 2 (QB2) project to

ensure safety and support Chilean efforts to limit transmission of COVID-19. In a statement on March 18 Teck said the suspension will be for an initial two-week period and it will then re-assess the situation. The suspension will affect about 15,000 workers. The project is one of the world’s largest undeveloped copper resources. Teck owns an indirect 60% stake and Sumitomo Metal Mining Company and Sumitomo Corp. together own 30%. A Chilean state agency owns the remaining 10% non-funding interest.

Shares of Altius Minerals were down $1.88 to $6.68. On March 11 the company reported record attributable royalty revenue of $78.1 million or $1.83 per share for calendar 2019, TSX MOST ACTIVE ISSUES

Suncor Energy Kinross Gold B2Gold Corp Yamana Gold Barrick Gold OceanaGold IAMGOLD First Quantum Lundin Mng Teck Res

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

SU 83609 20.51 14.02 16.07 - 6.38 K 78707 6.99 4.00 5.20 + 0.39 BTO 60905 5.21 3.12 4.00 + 0.18 YRI 52423 5.27 3.11 3.75 unch 0.00 ABX 49139 26.29 17.52 22.81 + 1.12 OGC 34107 1.86 1.21 1.25 - 0.38 IMG 33675 4.09 2.00 2.93 + 0.30 FM 30525 7.30 5.07 5.32 - 1.48 LUN 27249 5.85 4.21 4.40 - 1.42 TECK.B 26639 11.88 8.15 10.22 - 2.15

a 16% year-on-year increase. Altius posted adjusted earnings before interest, taxes, amortization and depreciation (EBITDA) of $62.6 million or $1.46 per share for the year, 18% higher than 2018. The company also increased its dividend by 25% during 2019 and repurchased 802,000 shares at a cost of about $9.3 million. Breaking down

its portfolio, base metals (copper, nickel, zinc and cobalt) accounted for 37% of its total revenue; potash 21%; iron ore 20%; thermal coal 16%; and metallurgical coal 4%. As of Dec. 31, it held $22 million in cash and had $109 million in debt. For 2020, the company anticipates attributable royalty revenue of $75-$80 million. TNM

TSX GREATEST PERCENTAGE CHANGE

MAG Silver Excellon Res Century Global Tanzanian Gold Alexco Res Cardinal Res Belo Sun Mng Orosur Mng Vista Gold Osisko Gold Mountain Prov Potash Ridge Nexa Resources China Gold Int Lithium Amer Serabi Gold Azarga Uranium Eastern Platin SouthGobi Res Amerigo Res

MAG EXN CNT TNX AXU CDV BSX OMI VGZ OR MPVD SOP NEXA CGG LAC SBI AZZ ELR SGQ ARG

5800 1395 31 171 4357 399 2348 128 75 7815 1209 3018 4 2091 2157 9 809 181 4 1599

13.05 0.64 0.07 0.85 2.33 0.30 0.49 0.04 0.73 11.38 0.65 0.03 6.26 0.76 4.40 1.46 0.11 0.27 0.07 0.22

TSX GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Franco-Nevada Kirkland Lake MAG Silver Newmont Corp Agnico Eagle Osisko Gold Seabridge Gld Torex Gold NovaGold Res Endeavour Mng Suncor Energy Nutrien Nexa Resources Teck Res Teck Res Caledonia Mng Labrador IOR Altius Mnrls Pan Am Silver Lithium Amer

5.33 11.23 + 58.4 0.31 0.60 + 44.6 0.00 0.07 + 40.0 0.55 0.81 + 39.7 1.00 1.79 + 35.6 0.23 0.27 + 35.0 0.21 0.39 + 34.5 0.03 0.04 + 33.3 0.52 0.68 + 30.8 6.35 9.47 + 28.8 0.34 0.35 - 52.1 0.02 0.02 - 42.9 4.05 4.05 - 37.1 0.49 0.50 - 35.1 2.90 3.10 - 33.5 0.96 0.97 - 32.6 0.07 0.08 - 31.8 0.18 0.19 - 31.5 0.00 0.07 - 30.0 0.14 0.15 - 29.4

VOLUME WEEK (000s) CLOSE CHANGE

FNV KL MAG NGT AEM OR SEA TXG NG EDV SU NTR NEXA TECK.B TECK.A CAL LIF ALS PAAS LAC

7233 136.07 16557 36.75 5800 11.23 2516 57.75 9826 53.88 7815 9.47 1566 10.68 5100 12.95 10497 9.82 4975 21.65 83609 16.07 15328 40.14 4 4.05 26639 10.22 38 12.50 22 10.05 3091 14.41 939 6.68 10227 17.43 2157 3.10

+ 14.08 + 4.81 + 4.14 + 2.28 + 2.22 + 2.12 + 1.85 + 1.79 + 1.67 + 1.32 - 6.38 - 3.22 - 2.39 - 2.15 - 2.06 - 2.00 - 1.94 - 1.88 - 1.74 - 1.56

TSX VENTURE EXCHANGE / MARCH 16–20 The S&P/TSX Venture Composite Index plummeted 8.84% (34.58 points) to finish the week at 356.54. Spot gold finished the week at US$1,498.80 per oz., down US$31.10 per oz., or 2.03%.

Shares of Skeena Resources rose 14¢ to 75¢.

The company recently announced a $20 million financing. The non-brokered private placement consisted of 17.14 million flow-through shares at a price of $1.55 per share. The funds will be used for exploration at Skeena’s projects in B.C.’s Golden Triangle. Skeena said it expects the offering to close by mid-April. The company is focused on exploration and development of the past-producing Eskay Creek mine and Snip mine. Discovered in 1988, the former Eskay Creek mine produced about 3.3 million oz. gold and 160 million oz. silver at average grades of 45 grams gold per tonne and 2,224 grams silver per tonne over a 14-year period.

Azimut Exploration climbed 11¢ to $1.21 per share. The junior announced the start of a 6,000-metre (30 hole) drill program on its 100%-owned Elmer property in Quebec’s James Bay region. The company said on Mar. 18 that the drill program has started with two rigs and will run until the end of April. The objective is to expand its recent Patwon gold discovery, where drill intersections in January included a 102-metre interval of 3.12 grams gold per

tonne in drill hole ELM10-002. The current drill program is supported by the results of an induced polarization (IP) and magnetic geophysical survey over the discovery area that delineated targets. Azimut said a “convincing relationship at Patwon between IP chargeability and gold mineralization” was demonstrated by an intercept grading 1.93 grams gold per tonne over 82 metres, including 44.1 metres of 3.46 grams gold in drill hole ELM19-007.

Azimut is fully funded for its $10.5 million drill program and says it aims to expand the Patwon discovery laterally and at depth, over a minimum 850-metre strike length and down to a depth of 200 metres below surface.

Rock Tech Lithium’s shares fell 18¢ to 37¢.

On March 17, the company updated shareTSX-V MOST ACTIVE ISSUES

K92 Mining Leeta Gold MX Gold Fieldex Expl NuLegacy Gold TVI Pacific Minera Alamos iMetal Res Quaterra Res Sarama Res

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

KNT HIVE MXL.H FLX NUG TVI MAI IMR QTA SWA

23163 22047 10829 6715 6127 5686 5426 4944 4793 4590

2.99 0.24 0.02 0.06 0.04 0.02 0.24 0.05 0.05 0.04

1.55 0.14 0.01 0.05 0.03 0.01 0.16 0.02 0.02 0.04

2.80 + 0.19 unch 0.01 unch 0.06 unch 0.03 - 0.01 - 0.22 + 0.03 - 0.05 - 0.04 -

0.55 0.00 0.00 0.00 0.01 0.01 0.02 0.03 0.01 0.01

holders on its Georgia Lake lithium project, 145 km northeast of Thunder Bay, Ontario.

Management said it plans to soon formally submit its project description to the local regulatory authorities and is working with German and Australian engineering firms to create a processing plant design and flowsheets.

In addition, it has started new negotiations with its partner Ardiden to increase access to

lithium ore feedstock, which would allow Rock Tech to produce lithium chemicals at lower costs due to economies of scale. It also has appointed a new CEO, Simon Bodensteiner, a mining engineer who has worked for Rio Tinto and the Boston Consulting Group among other companies. The spodumenebearing pegmatites of the Georgia Lake area were discovered in 1955. TNM

TSX-V GREATEST PERCENTAGE CHANGE

Surge Explor Intl Millm Mng Gitennes Expl Para Resources Latin American Silver Mtn Mns New Pac Metals Tisdale Res Silver Grail Parlane Res Antler Gold Freeport Res Astorius Res Solstice Gold Altair Res Inc Revelo Res Stellar Africa iMetal Res TVI Pacific Global Energy

SUR IMI GIT PBR LAT SMM NUAG TRC SVG IMIN ANTL FRI ASQ SGC AVX RVL SPX IMR TVI GEMC

2536 100 1555 1626 63 55 1614 40 38 392 42 156 58 1781 506 696 262 4944 5686 104

0.01 0.02 0.01 0.02 0.01 0.01 5.40 0.12 0.07 0.03 0.10 0.06 0.11 0.07 0.01 0.01 0.03 0.05 0.02 0.01

0.01 0.01 0.01 0.01 0.01 0.00 2.34 0.07 0.00 0.02 0.02 0.02 0.06 0.03 0.01 0.01 0.02 0.02 0.01 0.01

0.01 0.02 0.01 0.02 0.01 0.01 4.70 0.12 0.07 0.03 0.02 0.02 0.07 0.03 0.01 0.01 0.02 0.03 0.01 0.01

TSX-V GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

+ 100.0 + 100.0 + 100.0 + 100.0 + 100.0 + 100.0 + 70.9 + 64.3 + 55.6 + 50.0 - 83.3 - 66.7 - 56.7 - 54.5 - 50.0 - 50.0 - 50.0 - 50.0 - 50.0 - 50.0

VOLUME WEEK (000s) CLOSE CHANGE

New Pac Metals Great Bear Res Metalla Rylty K92 Mining Chesapeake Gld Cornerstone Ca New Oroperu Skeena Res Great Atlantic Azimut Explor Abitibi Royal Pac Booker Min Aurania Res Millennial Lit Filo Mg Corp Aurion Res Amex Expl Caldas Gold Metalore Res Rock Tech Lith

NUAG GBR MTA KNT CKG CGP ORO SKE GR AZM RZZ BKM ARU ML FIL AU AMX CGC MET RCK

1614 4.70 4061 6.05 624 5.89 23163 2.80 205 2.06 44 1.70 169 0.70 2673 0.75 12 0.43 1129 1.21 51 12.00 8 1.33 390 1.68 229 0.71 194 1.01 2400 0.47 1183 0.97 649 1.55 1 1.50 85 0.37

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

1.95 1.85 1.04 0.55 0.22 0.21 0.16 0.14 0.13 0.11 0.94 0.42 0.39 0.31 0.24 0.23 0.23 0.20 0.20 0.18

U.S. MARKETS / MARCH 16–20 The Dow Jones Industrial Average fell 17.30% (4,011.64 points) to 19,173.98 and the S&P 500 dropped 14.98%(4,061.1 points) to 2,304.92 during the Mar. 16-20 trading week. Spot gold fell US$31.10 per oz. to finish at US$1,498.80 per oz., a 2.03% decrease.

Sandstorm Gold rose US64¢ to US$4.52. The company announced that it has withdrawn its 2020 guidance due to the COVID-19 pandemic.

“Although Sandstorm has not received any direct notification of closures at any partner mine sites, we believe it is reasonable to expect that actions taken to reduce the spread of COVID-19 will affect global mining production levels during 2020,” the company said in a Mar. 19 press release. It also notified shareholders that its annual general meeting will be held on a virtual electronic basis.

Shares of Alamos Gold rose US56¢ to US$4.45. The company reported on Mar. 16 that it had entered into an agreement to acquire and cancel a 3% net smelter return royalty payable on production from the Island gold mine for $75 million. The royalty was acquired from a privately held company and is payable on gold production within four patented claims that make up the majority of the Island gold mine’s mineral reserves and resources. “The acquisition

18_MARCH30_MarketNews.indd 18

of the royalty further reduces costs at what is already a low-cost operation while also increasing our exposure to the tremendous exploration upside,” John McCluskey, Alamos Gold’s president and CEO stated in a news release.

The company forecasts the mine will produce between 130,000 and 145,000 oz. gold this year at total cash costs of US$480-520 per oz. and all-in sustaining costs of US$740-780 per oz.

Rio Tinto fell US$7.33 to US$36.57 per share.

The company reported on Mar. 18 that a 5.7-magnitude earthquake close to the town of Magna had impacted its Kennecott mine near Salt Lake City in Utah. Rio Tinto has shut it down temporarily, and all of its employees are safe.

U.S. MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Freeport McMoR* FCX 189053 6.97 Vale* VALE 180953 8.64 Yamana Gold* AUY 178300 3.65 Kinross Gold* KGC 162482 4.94 Barrick Gold* GOLD 141795 18.59 United States S* X 123735 6.25 Chevron Corp* CVX 121201 78.49 Cleveland-Clif* CLF 83620 4.28 Gold Fields* GFI 78431 5.64 Hecla Mining* HL 73110 2.21

4.82 5.52 - 2.01 6.84 6.98 - 1.72 2.23 2.57 - 0.14 2.72 3.61 + 0.14 12.65 15.88 + 0.21 4.54 5.29 - 0.13 51.60 59.39 - 24.03 2.63 3.19 - 1.68 3.79 4.00 - 0.07 1.40 1.66 - 0.03

It is also actively monitoring and managing an inactive historic tailings storage facility at the site. The company also updated shareholders about its Oyu Tolgoi operation. It noted that since January the movement of goods and people within Mongolia has been restricted within and across its border. On Mar. 16 the

company announced that work on the underground project continues, but that progress is being slowed as a result of measures taken to contain the spread of COVID-19. The mine design for the underground project remains on track to be completed in the first half of this year, it said in the news release. TNM

U.S. GREATEST PERCENTAGE CHANGE

Fortuna Silvr* FSM Osisko Gold* OR DRDGOLD* DRD Buenaventura* BVN CONSOL Energy* CEIX Sandstorm Gold* SAND Seabridge Gld* SA Alamos Gold* AGI Coeur Mng* CDE Kirkland Lake* KL Nexa Resources* NEXA Lithium Amer* LAC Cleveland-Clif* CLF Suncor Energy* SU Alcoa* AA Chevron Corp* CVX Sibanye-Stillw* SBSW Freeport McMoR* FCX MartinMarietta* MLM Harmony Gold* HMY

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

25623 2.70 1.47 2.26 10127 7.83 4.65 6.51 1856 5.78 3.06 4.91 16099 8.84 5.12 7.27 6393 8.69 4.87 6.39 27033 6.00 3.32 4.52 5542 9.32 5.25 7.33 33621 6.45 3.34 4.45 44512 3.82 1.98 2.92 17916 31.12 18.03 25.51 1241 4.62 2.69 2.69 3706 3.17 1.92 2.14 83620 4.28 2.63 3.19 63916 14.71 9.61 11.09 40717 7.67 5.20 5.48 121201 78.49 51.60 59.39 38618 6.04 3.50 3.68 189053 6.97 4.82 5.52 5954 189.27 135.08 153.62 61552 2.85 1.76 1.93

+ 25.6 + 23.8 + 22.4 + 21.2 + 16.8 + 16.5 + 15.6 + 14.4 + 14.1 + 10.4 - 41.8 - 35.0 - 34.5 - 31.7 - 31.5 - 28.8 - 28.1 - 26.7 - 22.5 - 21.5

U.S. GREATEST VALUE CHANGE

Franco-Nevada* FNV Kirkland Lake* KL Buenaventura* BVN Osisko Gold* OR Newmont Corp* NEM Seabridge Gld* SA CONSOL Energy* CEIX DRD DRDGOLD* Sandstorm Gold* SAND Alamos Gold* AGI MartinMarietta* MLM Chevron Corp* CVX Black Hills* BKH Rio Tinto* RIO NACCO Ind* NC Suncor Energy* SU Southern Copp* SCCO Nutrien* NTR Arch Coal* ARCH Alcoa* AA

VOLUME WEEK (000s) CLOSE CHANGE

10017 93.88 17916 25.51 16099 7.27 10127 6.51 65732 40.56 5542 7.33 6393 6.39 1856 4.91 27033 4.52 33621 4.45 5954 153.62 121201 59.39 4187 51.72 17278 36.57 129 23.00 63916 11.09 7662 25.41 16700 27.75 3468 33.27 40717 5.48

+ 5.90 + 2.41 + 1.27 + 1.25 + 1.06 + 0.99 + 0.92 + 0.90 + 0.64 + 0.56 - 44.63 - 24.03 - 14.17 - 7.33 - 6.00 - 5.15 - 3.88 - 3.54 - 2.83 - 2.52

2020-03-24 2:58 PM

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / MARCH 30–APRIL 12, 2020

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 LME WAREHOUSE LEVELS

PRODUCER AND DEALER PRICES

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 19 2020 (change from March 12, 2020 in brackets): Aluminium Alloy 8300 (+480) 1009100 (-51400) Aluminium Copper 231025 (+14425) 70950 (+375) Lead Nickel 230760 (-3618) Tin 6550 (-550) Zinc 73700 (-1200)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$53.55 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.60 Cobalt: US$13.38/lb.

Copper: US$2.20/lb.

Copper: CME Group Futures April 2020: US$2.23/lb.; May 2020: US$2.34/lb Iridium: NY Dealer Mid-mkt US$1,510.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$80.20 Lead: US$0.76/lb.

Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$6,000.00 tr. oz.

Ruthenium: Mid-mkt US$250.00/tr. oz.

Silver: Handy & Harman Base: US$12.88 per oz.; Handy & Harman Fabricated: US$16.01 per oz.

Tin: US$6.58/lb.

Uranium: U3O8, Trade Tech spot price: US$24.10 per lb.

U308 Zinc: US$0.85/lb.

Prices current Mar. 24, 2019

TSX WARRANTS Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eColbalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Excellon Resources Inc. (EXN.WT) - One Warrant to purchase one common share of the issuer at $1.40 per share until expiry 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 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 Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22

Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) One Warrant to purchase one common share of the Issuer at $0.50 until expiry.

Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry.

Sherritt International Corporation (S.WT) - Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 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

NORTH AMERICAN STOCK EXCHANGE INDICES

52-week

Index Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 High Low S&P/TSX Composite 11851.81 12170.52 11721.42 12685.21 12360.40 15527.30 12400.15 S&P/TSXV Composite 356.54 353.67 338.80 374.72 366.46 1050.26 883.52 S&P/TSX 60 721.98 742.03 714.74 767.52 745.79 896.74 709.99 S&P/TSX Global Gold 213.38 227.77 220.77 247.98 219.21 218.90 149.29 DJ Precious Metals 175.14 175.14 172.91 196.25 176.02 420.72 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Feb 29, 2020 (with changes from Feb 15, 2020) Largest short positions Sandstorm Gold SSL 22423103 955983 2/15/2020 New Gold NGD 17916600 -644732 2/15/2020 Kinross Gold K 16447581 3527175 2/15/2020 Ivanhoe Mines IVN 15784555 -38500 2/15/2020 Premier Gold M PG 15040358 4103905 2/15/2020 Barrick Gold ABX 14482900 -894240 2/15/2020 Suncor Energy SU 12196746 -515465 2/15/2020 Nexgen Energy NXE 11207553 40919 2/15/2020 Lundin Mng LUN 11090851 791867 2/15/2020 First Quantum FM 10288193 834106 2/15/2020 Osisko Mng Inc OSK 10134103 462036 2/15/2020 Trevali Mng TV 8731095 1423039 2/15/2020 RNC Minerals RNX 8376635 255506 2/15/2020 Semafo SMF 8036185 411992 2/15/2020 Fortuna Silvr FVI 7867689 81640 2/15/2020 Largest increase in short position Premier Gold M PG 15040358 4103905 2/15/2020 Wheaton Prec M WPM 6613055 3810216 2/15/2020 Kinross Gold K 16447581 3527175 2/15/2020 B2Gold Corp BTO 6877129 3378810 2/15/2020 OceanaGold OGC 6613659 2149329 2/15/2020 Largest decrease in short position GoGold Res GGD 275828 -1915685 2/15/2020 Almonty Ind AII 232586 -1200908 2/15/2020 Barrick Gold ABX 14482900 -894240 2/15/2020 Dundee Prec Mt DPM 4980453 -801658 2/15/2020 New Gold NGD 17916600 -644732 2/15/2020

Short positions outstanding as of Feb 29, 2020 (with changes from Feb 15, 2020) Largest short positions Conic Metals NKL 3884605 -2326 2/15/2020 K92 Mining KNT 2827566 582176 2/15/2020 Canada Carbon CCB 2713790 2524433 2/15/2020 Turmalina Met TBX 2502921 2153563 2/15/2020 Novo Res NVO 2098330 3720 2/15/2020 MacDonald Mns BMK 1658195 1210991 2/15/2020 Advantage Lith AAL 1589634 1528597 2/15/2020 Palladium One PDM 1557772 1304340 2/15/2020 New Pac Metals NUAG 1424944 63657 2/15/2020 Lion One Mtls LIO 1405135 232379 2/15/2020 Leeta Gold HIVE 1072923 -2162641 2/15/2020 Uragold Bay Rs HPQ 1064365 977987 2/15/2020 Bluestone Res BSR 776291 -505932 2/15/2020 Majestic Gold MJS 773440 720561 2/15/2020 Ely Gold Royal ELY 767529 721434 2/15/2020 Largest increase in short position Canada Carbon CCB 2713790 2524433 2/15/2020 Turmalina Met TBX 2502921 2153563 2/15/2020 Advantage Lith AAL 1589634 1528597 2/15/2020 Palladium One PDM 1557772 1304340 2/15/2020 MacDonald Mns BMK 1658195 1210991 2/15/2020 Largest decrease in short position Leeta Gold HIVE 1072923 -2162641 2/15/2020 ML Gold Corp MT 27900 -952404 2/15/2020 Western Mag WMG 78894 -681169 2/15/2020 Maritime Res MAE 69308 -527425 2/15/2020 Bluestone Res BSR 776291 -505932 2/15/2020

DAILY METAL PRICES Daily Metal Prices Date Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1160/1200 1165/1210 1200/1249 1295/1340 1345/1390 Aluminum 1580/1603 1580/1606 1602/1626 1627.5/1648 1640/1654 Copper 4854/4866 4684/4688 4859.5/4880 5203/5216 5210/5220 Lead 1672.5/1685 1660/1674 1614/1628 1692/1709 1684/1715 Nickel 11365/11425 11225/11335 11415/11505 11825/11900 11770/11800 Tin 14475/14500 13375/13375 14050/14110 14540/14425 15375/15425 Zinc 1879/1890 1840/1844 1819/1842 1898/1912 1931/1949 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1504.45 1480.70 1506.00 1472.35 1504.65 Gold PM 1494.4 1474.25 1498.20 1536.20 1487.70 Silver 12.63 12.01 12.42 12.44 12.97 Platinum 614.00 593.00 631.00 651.00 677.00 Palladium 1635.00 1709.00 1598.00 1602.00 1557.00

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

Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 1.4366 1.4502 1.4463 1.4242 1.4011 0.6961 0.6896 0.6914 0.7022 0.7137

Exchange rates (Quote Media, March 20, 2020) C$ to AUS C$ to EURO C$ to YEN C$ to Mex Peso C$ to SA Rand 1.2097 0.6511 76.6540 16.9998 12.2608 C$ to UK Pound C$ to China Yuan C$ to India Rupee C$ to Swiss Franc C$ to S. Korea Won 0.5979 4.9412 52.5028 0.6868 873.3551 US to AUS US to EURO US to YEN US to Mex Peso US to SA Rand 0.9292 110.9660 24.4232 17.6433 1.7262 US to UK Pound US to China Yuan US to India Rupee US to Swiss Franc US to S. Korea Won 0.8584 7.0958 75.6226 0.9862 1254.9500

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

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

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

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

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

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

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

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

Equinoxgold Corp (EQX.WT) - One war-

rant 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 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share.

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

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

Maple Gold Mines Ltd. (MGM.WT) -

One warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at $0.12 per share.

Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share.

Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 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 Ucore Rare Metals Inc. (UCU.RT) - One (1) right exercisable for one share at $4.00 per share.

Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share.

Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NEW 52-WEEK HIGHS AND LOWS MARCH 16–20, 2020 9 New Highs Green River Idaho Champion* Magna Gold* Opawica Expl* Pancontinental Running Fox Rs* U.S. Gold* United Battery* Vanstar Mng Rs

340 New Lows

Abcourt Mines* Advantage Lith* Agnico Eagle Agnico Eagle* Alamos Gold Alamos Gold* Alcoa* Alexco Res Alexco Res* Alio Gold Alio Gold* Alliance Mng Alliance Res* Almaden Min* Almadex Min* Altius Mnrls Altius Mnrls * Alumina Ltd* Amarillo Gold Amarillo Gold* American Pac American Pac* Americas Silvr Americas Silvr* Amerigo Res Amerigo Res* Anaconda Mng Anaconda Mng* Anglo American* Applied Min* Arch Coal* Argonaut Gold Ascot Res Aston Bay ATAC Res* Aura Resources* Auramex Res Aurania Res Aurania Res* Aurion Res Auryn Resource Auryn Resource* Avalon Advance Avalon Advance* Avino Silver Avino Silver* Azarga Uranium

Azucar Min* B2Gold Corp B2Gold Corp* Bannerman Res* Bayhorse Silvr Bear Creek Mng Bear Creek Mng* Belo Sun Mng BeMetals * Black Hills* Black Iron Blue Thunder BonTerra Res Brixton Metals* BTU Metals* Buenaventura* Bullfrog Gold Cameco Corp Cameco Corp* CanAlaska Uran Capstone Mng Carlyle Comm* Cartier Res Casa Minerals Centerra Gold Chakana Copper Chesapeake Gld Chevron Corp* China Gold Int Cleveland-Clif* CNRP Mng Coeur Mng* Columbus Gold Columbus Gold* Comstock Mtls * Conic Metals CONSOL Coal Rs* Copper Mtn Mng Corvus Gold Crystal Lake Defiance Silvr Defiance Silvr* Denison Mines Denison Mines* Dolly Vard Sil* Doubleview Cap* Dundee Prec Mt Dynacor Gld Mn Eagle Plains Eastmain Res* Eclipse Gold Endeavour Mng Endeavr Silver Endeavr Silver* Energy Fuels Entree Res* Equinox Gold* Ero Copper Essex Minerals

Euro Sun Mg Evergold* Excellon Res Excellon Res* Excelsior Mng Excelsior Mng* First Cobalt * First Majestic First Majestic* First Mg Fin First Mg Fin * First Quantum First Vanadium* Fission Uran Fission Uran* Five Star Diam Fortuna Silvr Fortuna Silvr* Fortune Mnrls Fortune Mnrls* Freeport McMoR* Garibaldi Res General Moly* Generic Gold Genesis Mtls* Giga Metals Gldn Predator Gldn Predator* Glencore Plc * Glencore Plc* Gold Resource* Gold Std Vents Gold Std Vents* Golden Arrow Golden Arrow* Golden Star Golden Star* Goldseek Res Gran Colombia Gran Colombia* Great Panther Great Panther* Grid Metals* Guyana Gldflds Guyana Goldstr Harte Gold Harte Gold* HighGold HudBay Min* IAMGOLD IAMGOLD* Imperial Metal Integra Res* Intl Bethl Mng* Intrepid Pots* InZinc Mining* Irving Res Irving Res* IsoEnergy Ltd

Jervois Mining Jervois Mining* Joshua Gold* Kesselrun Res Kinross Gold Kinross Gold* Kirkland Lake Kirkland Lake* Labrador IOR Lake Resources* Laramide Res Leading Edge* Legion Metals Liberty One Li* Lithium Amer Lithium Amer* Lucara Diam Lumina Gold Lundin Mng Lundin Mng* Lynas Corp* MAG Silver Marathon Gold Marathon Gold* MartinMarietta* Mason Graphite Mason Graphite* McEwen Mng McEwen Mng* Mechel* Metallic Mnrls Metallic Mnrls* Mexican Gold* Midas Gold Midas Gold* Midnight Sun* Minaurum Gold Minaurum Gold* Mineworx Tech* Miramont Res Mirasol Res Monarch Gold Monarch Gold* Moneta Porcpn* Mosaic* Mountain Prov NACCO Ind* Natural Res Pt* Nevada Copper Nevada Expl * New Gold New Gold* New Milln Iron NewRange Gold* Nexa Resources* Nexgen Energy Nexgen Energy* Nickel Creek* NKWE Platinum*

Noka Res* Norsemont Cap* Nouveau Monde Novo Res Novo Res* Nthn Dynasty* Nutrien Nutrien* OceanaGold Olivut Res* Orford Mining Orocobre Osisko Gold Osisko Gold* Osisko Metals* Osisko Mng Inc Pacton Gold Paramount Gold* PepinNini Lith* Platinum Gp Mt Platinum Gp Mt* PolyMet Mng* Portofino Res* Precipitate Gl* Premier Gold M Pretium Res Pretium Res* Prophecy Coal Prophecy Coal* PUF Vent Inc * Pure Gold Mg Pure Gold Mg* Purepoint Uran Ravencrest Res Regulus Res Rio Tinto* Riverside Res RNC Minerals RNC Minerals* Rockridge Res Roxgold Royal Gold* Sabina Gd&Slvr Sabina Gd&Slvr* Sandstorm Gold Sandstorm Gold* Santa Fe Gold* Saturn Mnrls Scandium Intl* Scottie Res Scottie Res* Seabridge Gld Seabridge Gld* Semafo Sherritt Intl Sibanye-Stillw* Sierra Metals Sierra Metals* Silver Bull Re*

Silvercorp Met Silvercorp Met* Sirios Res SKRR Explor Solitario Ex&R* Southern Copp* Spanish Mtn Gd* SSR Mining SSR Mining* St-Georges Eco* Standard Graph* Stans Energy* Strategic Metl* Strategic Min* Strikepoint Gd* Suncor Energy Suncor Energy* Superior Gold Syrah Res* Tanzanian Gold* Taseko Mines Taseko Mines* Teck Res Teck Res* Terrax Mnrls Teslin Rvr Res Tinka Res Tinka Res* TMAC Resources Torex Gold Torex Gold* Torq Resources Trevali Mng Trilogy Mtls* Triumph Gold* Turmalina Met Turquoise HIl Turquoise HIl* U.S. Gold* Ucore Rare Mtl* UEX Corp Umbral Enrgy* United States A* United States S* Ur-Energy* Uranium Roylty Victoria Gold Victoria Gold* Walker River Western U&V* Westhaven Vent Wheaton Prec M* White Gold Winshear Gold Winston Gold* Wolfden Res Zonte Metals

CANADIAN GOLD MUTUAL FUNDS 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_MARCH30_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

Mar 20 ($) Mar 13 ($) Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) Fund AGF Gb R A Fd MF 14.02 15.27 -1.25 -8.17 -7.29 2.79 77.42 BMO Prec Mtls Fd A 16.61 0.24 1.33 -7.54 2.41 48.57 BMO ZGD 44.16 41.78 2.38 5.70 -11.77 0.61 120.39 BMO ZJG 42.02 40.06 1.96 4.88 -12.56 0.60 81.09 CIBC Prec Metal Fd A 10.31 9.60 0.71 7.36 -5.11 2.43 47.20 Dyn Prec Metls Fd A 6.43 6.24 0.19 3.11 -5.29 2.73 409.58 Harvest HGGG 20.30 19.69 0.60 3.06 -3.07 0.01 4.19 Horizons HEP 21.24 0.40 1.69 -9.06 0.83 IG MacGbPreMetCl A 8.30 -0.23 -2.49 -7.98 2.68 31.34 iShares XGD 13.33 12.64 0.69 5.50 -4.65 0.61 866.77 Mac Prec Met Cl A 42.83 -1.37 -2.87 -8.56 2.52 59.18 NBI PrecMetFd Invt 12.84 12.20 0.64 5.25 -7.16 2.46 28.48 NPT Go&PrMinFd A 29.06 28.10 0.96 3.41 -6.48 3.19 NPT SilverEquCl A 4.21 4.06 0.15 3.65 -17.23 2.98 RBC GblPreMetFd A 34.26 32.50 1.77 5.44 -7.95 2.13 343.76 Sentry Pre Met Fd A 24.19 -0.97 -3.59 -13.43 2.32 139.23 TD Prec Mtl Fd Inv 34.34 32.19 2.15 6.68 -6.37 2.26 123.31

2020-03-24 5:47 PM

20

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: MARCH 16–20, 2020 (100s) Stock

WWW.NORTHERNMINER.COM

MARCH 30–APRIL 12, 2020 / THE NORTHERN MINER

Week

12-month

Exc Volume High Low Last Change High Low

A 1911 Gold* O 354 1911 Gold V 665 66 Resources C 60 V 223 Abacus Mining Abacus Mining* O 63 Abcourt Mines V 1200 O 434 Abcourt Mines* Aben Resources* O 189 V 546 Aben Resources Abitibi Royal* O 6 Abitibi Royal V 51 O 673 AbraPlata Res* AbraPlata Res V 2110 V 28 Academy Metals Adamera Min* O 229 Adamera Min V 2176 Adex Mining V 542 Advance Gold V 412 Advantage Lith V 496 Advantage Lith* O 202 Adventus* O 44 Adventus V 229 AEX Gold V 101 Affinity Metal* O 46 African Gold* O 456 African Gold V 1676 African Min* O 569 African Rainb* O 1 O 2373 Aftermath Silv* Agnico Eagle* N 19057 Agnico Eagle T 9826 Aiml Res V 116 Aiml Res* O 0 AJN Resources C 59 Alacer Gold T 18422 Alamos Gold T 20077 Alamos Gold* N 33621 Alaska Pac Egy* O 2910 Alba Minerals* O 7 N 40717 Alcoa* V 78 Aldebaran Res Alderon Iron* O 30 Alderon Iron T 227 Aldever Res* O 0 Aldever Res V 12 Alexandra Cap* O 128 20694 Alexco Res* X Alexco Res T 4357 Algold Res V 51 Algold Res* O 2 Alianza Min V 958 Alianza Min* O 8 Alien Metals* O 2752 Alio Gold* X 1304 Alio Gold T 439 Allegiant Gold V 148 Allegiant Gold* O 210 Alliance Mng V 2 Alliance Res* D 5631 Almaden Min T 271 Almaden Min* X 1944 Almadex Min* O 303 Almadex Min V 342 Almonty Ind * O 56 Almonty Ind T 181 Aloro Mining* O 0 Aloro Mining V 120 Alpha Lithium V 120 Alpha Lithium* O 13 Alphamin Res * O 158 Alphamin Res V 171 V 235 Altai Resource Altai Resource* O 1 Altair Res Inc V 506 Altamira Gold V 578 Altamira Gold* O 73 Altan Nevada V 98 Altan Rio Min V 170 Altiplano Met V 108 Altiplano Met* O 40 Altius Mnrls * O 538 Altius Mnrls T 939 Alto Ventures V 1971 Altura Mining* O 563 Altus Strat V 93 Alumina Ltd* O 143 ALX Resources V 418 ALX Resources* O 33 AM Resources V 10 Amanta Res* O 0 Amarc Res V 1002 Amarc Res* O 19 Amarillo Gold V 1181 Amarillo Gold* O 606 Amer Intl Vent* O 290 American Batt* O 96 American Creek* O 901 American Creek V 4130 American CuMo* O 750 American Lith V 1089 American Lith* O 1015 American Mang* O 1332 American Mang V 892 American Pac C 800 American Pac* O 362 AmericanSierra* O 38 X 16117 Americas Silvr* Americas Silvr T 4961 Amerigo Res T 1599 Amerigo Res* O 8322 Amex Expl* O 216 Amex Expl V 1183 Amilot Capital V 20 Amseco Expl V 0 Amseco Expl * O 0 Anaconda Mng T 2280 Anaconda Mng* O 1093 Andes Gold* O 91 Anfield Energy* O 168 Anfield Energy V 214 Angel Gold* O 46 Angel Gold V 48 Angkor Gold* O 50 Angkor Res V 42 Anglo American* O 1 Anglo American* O 2309 Anglo Pac Grp T 48 AngloGold Ash* O 1 AngloGold Ash* N 29815 Angus Ventures V 28 Antioquia Gold* O 315 Antioquia Gold V 1121 Antler Gold * O 66 Antler Gold V 42 Antofagasta* O 7 Apex Res V 254 Appia Energy* O 71 Appia Energy C 340 Applied Min* O 559 Aquila Res T 701 Aquila Res* O 1324 Arbor Metals V 53 Arch Coal* N 3468 Archon Mineral V 23 Arctic Star* O 7 Arctic Star V 688 Arcturus Vent* O 67 Arcturus Vent V 556 Arcus Dev Grp V 50 Arcwest Explor V 436 Arcwest Explor* O 39 Arena Min* O 13 Arena Min V 129 Ares Strategic V 108 Argentina Lith V 635 Argentina Lith* O 1 Argentum Silvr V 156 Argo Gold* O 6 Argo Gold C 133 Argonaut Gold* O 775 Argonaut Gold T 8054 Arianne Phosph V 224 Arianne Phosph* O 36 Arizona Silver* O 293 Arizona Silver V 95 Armor Min V 0

0.24 0.17 0.22 + 0.03 0.34 0.15 0.34 0.23 0.32 + 0.05 0.49 0.22 0.07 0.06 0.06 unch 0.00 0.37 0.05 0.08 0.06 0.06 - 0.01 0.15 0.04 0.06 0.04 0.05 unch 0.00 0.11 0.03 0.05 0.04 0.05 - 0.01 0.10 0.04 0.04 0.03 0.03 - 0.00 0.09 0.03 0.05 0.03 0.03 - 0.01 0.20 0.03 0.06 0.05 0.05 - 0.02 0.27 0.05 9.07 8.01 8.41 - 0.92 15.51 8.01 14.94 11.31 12.00 - 0.94 20.55 10.62 0.05 0.03 0.04 - 0.00 0.10 0.03 0.07 0.04 0.06 unch 0.00 0.13 0.04 0.17 0.14 0.16 + 0.02 1.40 0.11 0.02 0.02 0.02 + 0.00 0.04 0.01 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.08 0.05 0.07 + 0.01 0.29 0.03 0.25 0.16 0.20 - 0.05 0.60 0.14 0.17 0.07 0.13 - 0.04 0.46 0.07 0.52 0.36 0.41 - 0.11 0.90 0.36 0.79 0.53 0.64 - 0.15 1.16 0.53 0.55 0.50 0.54 + 0.04 0.63 0.24 0.18 0.12 0.12 - 0.06 0.20 0.04 0.10 0.07 0.07 - 0.05 0.44 0.07 0.15 0.10 0.11 - 0.02 0.59 0.08 0.00 0.00 0.00 + 0.00 0.00 0.00 7.56 5.00 5.00 - 2.56 13.60 5.00 0.10 0.06 0.10 + 0.01 0.42 0.05 43.25 31.00 36.80 - 0.47 64.88 31.00 61.69 43.25 53.88 + 2.22 86.39 43.25 0.16 0.00 0.16 unch 0.00 0.35 0.10 0.00 0.00 0.02 unch 0.00 0.02 0.01 0.28 0.23 0.25 - 0.01 1.34 0.05 5.25 3.50 3.53 - 0.56 7.66 3.32 9.32 4.43 6.51 + 1.08 10.12 4.43 6.45 3.34 4.45 + 0.56 7.78 3.34 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.01 0.01 0.01 unch 0.00 0.09 0.01 7.67 5.20 5.48 - 2.52 29.73 5.20 0.22 0.16 0.22 + 0.01 0.69 0.16 0.10 0.08 0.09 - 0.01 0.27 0.08 0.14 0.10 0.11 - 0.01 0.36 0.10 0.00 0.00 0.09 unch 0.00 0.10 0.03 0.11 0.00 0.09 - 0.04 0.38 0.05 0.26 0.06 0.10 - 0.10 0.60 0.06 1.62 0.72 1.47 + 0.55 2.81 0.72 2.33 1.00 1.79 + 0.47 3.73 1.00 0.06 0.00 0.05 unch 0.00 0.29 0.03 0.04 0.00 0.04 unch 0.00 0.13 0.04 0.04 0.03 0.04 - 0.01 0.10 0.03 0.03 0.03 0.03 + 0.00 0.07 0.03 0.00 0.00 0.00 + 0.00 0.01 0.00 0.54 0.28 0.39 - 0.08 0.94 0.28 0.77 0.43 0.56 - 0.09 1.23 0.43 0.11 0.09 0.09 - 0.02 0.23 0.07 0.08 0.06 0.06 - 0.02 0.18 0.04 0.00 0.00 0.01 unch 0.00 0.02 0.01 5.40 3.03 3.88 - 0.83 20.65 3.03 0.46 0.33 0.36 - 0.02 1.10 0.32 0.38 0.22 0.26 - 0.03 0.82 0.22 0.12 0.05 0.09 - 0.01 0.45 0.05 0.16 0.12 0.13 - 0.03 0.45 0.12 0.30 0.25 0.28 - 0.00 0.81 0.24 0.43 0.33 0.40 + 0.02 1.10 0.29 0.00 0.00 0.02 unch 0.00 0.16 0.02 0.04 0.04 0.04 unch 0.00 0.11 0.03 0.36 0.31 0.31 - 0.06 0.51 0.06 0.26 0.25 0.25 - 0.01 0.35 0.19 0.12 0.10 0.11 - 0.02 0.20 0.10 0.17 0.13 0.17 unch 0.00 0.28 0.13 0.04 0.03 0.03 - 0.02 0.11 0.03 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.01 0.01 0.01 - 0.01 0.07 0.01 0.05 0.04 0.05 + 0.01 0.12 0.04 0.04 0.02 0.03 + 0.00 0.08 0.02 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.02 0.01 0.01 - 0.01 0.02 0.01 0.08 0.05 0.05 - 0.03 0.15 0.05 0.05 0.05 0.05 unch 0.00 0.09 0.05 6.12 4.46 4.67 - 1.40 10.28 4.46 8.35 6.56 6.68 - 1.88 13.76 6.67 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.03 0.02 0.03 - 0.02 0.11 0.02 0.41 0.34 0.35 - 0.03 0.68 0.30 3.80 3.12 3.29 - 0.72 7.56 3.12 0.03 0.02 0.02 unch 0.00 0.08 0.02 0.02 0.02 0.02 + 0.00 0.06 0.01 0.04 0.04 0.04 unch 0.00 0.16 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.02 0.04 unch 0.00 0.08 0.02 0.03 0.02 0.03 + 0.01 0.06 0.02 0.14 0.10 0.12 - 0.01 0.29 0.10 0.10 0.08 0.08 + 0.00 0.22 0.08 0.00 0.00 0.00 - 0.00 0.02 0.00 0.15 0.15 0.15 unch 0.00 0.40 0.08 0.04 0.02 0.04 - 0.00 0.09 0.02 0.05 0.04 0.04 - 0.01 0.11 0.03 0.02 0.02 0.02 unch 0.00 0.10 0.00 0.25 0.14 0.23 - 0.01 0.50 0.09 0.24 0.10 0.17 - 0.02 0.38 0.06 0.09 0.07 0.09 + 0.01 0.24 0.07 0.13 0.10 0.10 - 0.01 0.31 0.10 0.03 0.02 0.03 unch 0.00 0.31 0.02 0.02 0.01 0.02 - 0.00 0.24 0.01 0.01 0.00 0.01 - 0.01 0.03 0.01 1.74 1.00 1.58 + 0.21 3.92 1.00 2.38 1.39 2.20 + 0.19 5.19 1.39 0.22 0.14 0.15 - 0.06 1.13 0.14 0.30 0.08 0.11 - 0.04 0.85 0.08 0.81 0.64 0.72 - 0.16 1.44 0.44 1.17 0.90 0.97 - 0.23 1.90 0.58 0.03 0.02 0.03 unch 0.00 0.06 0.01 0.00 0.00 0.04 unch 0.00 0.08 0.02 0.00 0.00 0.03 unch 0.00 0.04 0.03 0.15 0.10 0.14 - 0.01 0.36 0.10 0.11 0.07 0.09 - 0.01 0.27 0.07 0.01 0.00 0.01 + 0.00 0.02 0.00 0.05 0.03 0.04 - 0.01 0.20 0.03 0.06 0.04 0.05 - 0.01 0.26 0.04 0.02 0.01 0.01 + 0.00 0.02 0.01 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.07 0.06 0.07 unch 0.00 0.12 0.05 0.09 0.07 0.08 - 0.02 0.16 0.07 15.85 0.00 12.56 - 4.02 29.51 12.56 9.00 5.91 6.20 - 2.87 14.81 5.91 2.25 1.99 1.99 - 0.15 4.20 1.99 17.98 0.00 17.98 + 2.54 22.96 11.07 18.99 12.66 14.05 - 0.12 23.85 11.29 0.40 0.39 0.40 unch 0.00 0.55 0.14 0.02 0.01 0.02 - 0.00 0.03 0.01 0.03 0.02 0.03 + 0.01 0.04 0.02 0.08 0.01 0.01 - 0.07 0.10 0.01 0.10 0.02 0.02 - 0.08 0.18 0.02 8.74 7.50 7.80 - 0.50 13.24 7.50 0.05 0.05 0.05 - 0.02 0.43 0.04 0.11 0.08 0.08 - 0.01 0.29 0.07 0.15 0.11 0.13 - 0.02 0.39 0.10 0.01 0.00 0.01 unch 0.00 0.04 0.00 0.13 0.10 0.10 - 0.02 0.23 0.07 0.09 0.07 0.07 - 0.01 0.18 0.05 0.80 0.70 0.80 - 0.10 0.90 0.10 42.96 30.01 33.27 - 2.83 101.92 30.01 0.21 0.21 0.21 unch 0.00 0.60 0.21 0.05 0.00 0.05 unch 0.00 0.39 0.01 0.06 0.00 0.04 unch 0.00 0.53 0.03 0.09 0.04 0.04 - 0.07 0.69 0.00 0.13 0.07 0.11 - 0.03 0.97 0.05 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.05 0.04 0.04 - 0.01 0.10 0.04 0.04 0.04 0.04 unch 0.00 0.08 0.02 0.01 0.01 0.01 - 0.01 0.06 0.01 0.03 0.02 0.03 - 0.01 0.08 0.02 0.09 0.07 0.09 + 0.02 0.15 0.07 0.07 0.04 0.04 - 0.02 0.11 0.04 0.05 0.03 0.03 - 0.01 0.07 0.03 0.23 0.18 0.21 - 0.05 0.48 0.14 0.10 0.10 0.10 unch 0.00 0.18 0.06 0.11 0.09 0.10 - 0.01 0.29 0.07 0.83 0.55 0.65 - 0.05 2.15 0.53 1.22 0.76 0.88 - 0.12 2.87 0.76 0.20 0.15 0.19 + 0.01 0.65 0.15 0.14 0.11 0.14 - 0.00 0.49 0.11 0.11 0.09 0.09 - 0.01 0.19 0.08 0.15 0.13 0.13 - 0.01 0.25 0.10 0.00 0.00 0.32 unch 0.00 0.46 0.31

20-23_MARCH23_StockTables.indd 20

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Armor Min* O 0 Artemis Gold V 295 Artemis Gold* O 119 Asanko Gold T 1310 Asanko Gold* X 1997 Asante Gold C 1054 Asbestos Corp V 6 O 38 Ascendant Res* Ascendant Res T 264 Ascot Res * O 207 Ascot Res T 1160 Ashanti Sanko V 467 V 20 AsiaBaseMetals Asian Mineral V 9 Aston Bay* O 65 Aston Bay V 652 Astorius Res V 58 ATAC Res V 878 ATAC Res* O 729 O 10526 Atacama Res* Atalaya Mining T 1 O 12 Athabasca Min* V 195 Athabasca Min Athena Silver* O 70 Atico Mining* O 153 Atico Mining V 257 Atlanta Gold* O 0 Aton Resources* O 2000 Aton Resources V 312 6 Aura Minerals* O Aura Minerals T 11 Aura Resources V 150 Aura Resources* O 74 Auramex Res V 598 Aurania Res* O 93 Aurania Res V 390 Aurcana Corp V 1192 Aurcana Corp* O 820 V 110 AurCrest Gold Aurelius Min V 1121 Aurex Energy V 187 Aurion Res V 2400 Aurion Res * O 785 Aurora Royal V 1070 Aurwest Res C 275 AURYN Mining* O 6 X 1301 Auryn Resource* Auryn Resource T 819 Aust Mines* O 186 Austral Gold* O 23 Austral Gold V 42 Auxico Res C 475 Avalon Advance T 1909 Avalon Advance* O 1084 O 0 Avarone Metals* Avarone Metals C 425 Avidian Gold V 168 Avino Silver* X 2731 Avino Silver T 366 Avrupa Min* O 80 Avrupa Min V 596 Awale Res V 137 Axmin Inc V 51 Axmin Inc* O 33 V 66 Azarga Metals O 75 Azarga Metals* Azarga Uranium* O 495 Azarga Uranium T 809 Azimut Explor V 1129 O 157 Azimut Explor* Azincourt Ener V 1503 Azincourt Ener* O 757 Aztec Minerals V 235 O 25 Aztec Minerals* Azteca Gold* O 588 Azucar Min V 90 Azucar Min* O 227

0.00 0.00 0.30 unch 0.00 1.30 0.95 1.00 - 0.11 1.60 0.95 1.00 0.65 0.67 - 0.11 1.20 0.60 1.14 0.85 1.03 + 0.02 1.45 0.68 0.79 0.61 0.71 - 0.00 1.10 0.50 0.04 0.03 0.03 - 0.01 0.08 0.03 0.35 0.35 0.35 unch 0.00 0.55 0.30 0.08 0.07 0.08 - 0.01 0.40 0.07 0.12 0.09 0.11 - 0.02 0.58 0.09 0.39 0.26 0.34 + 0.03 0.76 0.26 0.56 0.37 0.49 + 0.06 0.98 0.37 0.02 0.01 0.01 - 0.01 0.05 0.01 0.31 0.25 0.25 - 0.07 0.64 0.12 0.22 0.00 0.19 - 0.03 0.89 0.10 0.04 0.03 0.03 - 0.00 0.08 0.03 0.05 0.04 0.05 unch 0.00 0.11 0.04 0.11 0.06 0.07 - 0.09 0.30 0.06 0.17 0.13 0.14 + 0.01 0.32 0.11 0.11 0.08 0.10 - 0.00 0.24 0.08 0.01 0.00 0.00 unch 0.00 0.03 0.00 2.10 1.79 1.79 - 0.51 3.99 2.10 0.11 0.06 0.07 - 0.03 0.60 0.06 0.13 0.08 0.11 - 0.05 0.79 0.08 0.06 0.02 0.04 - 0.00 0.06 0.01 0.17 0.12 0.14 - 0.00 0.33 0.12 0.23 0.18 0.20 - 0.02 0.43 0.18 0.01 0.01 0.01 unch 0.00 0.04 0.00 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.03 0.00 0.03 unch 0.00 0.05 0.02 41.28 0.00 41.28 - 7.47 65.07 11.78 62.50 48.00 62.00 - 1.00 91.80 16.21 0.04 0.02 0.03 - 0.01 0.09 0.02 0.03 0.02 0.02 - 0.01 0.06 0.02 0.03 0.02 0.03 - 0.01 0.08 0.02 1.80 1.03 1.18 - 0.28 3.40 1.03 2.70 1.51 1.68 - 0.39 4.50 1.51 0.23 0.15 0.20 + 0.02 0.68 0.15 0.17 0.11 0.15 + 0.01 1.25 0.00 0.03 0.02 0.03 + 0.01 0.05 0.02 0.03 0.02 0.02 - 0.01 0.06 0.02 0.06 0.05 0.06 - 0.01 0.30 0.05 0.67 0.45 0.47 - 0.23 2.35 0.45 0.48 0.31 0.34 - 0.17 1.77 0.31 0.03 0.02 0.02 unch 0.00 0.10 0.02 0.02 0.01 0.02 - 0.01 0.14 0.01 0.14 0.00 0.14 - 0.00 0.74 0.03 0.89 0.71 0.79 - 0.03 1.84 0.71 1.25 1.00 1.09 - 0.21 2.45 1.00 0.01 0.00 0.01 unch 0.00 0.03 0.00 0.03 0.03 0.03 - 0.04 0.10 0.02 0.11 0.08 0.08 - 0.01 0.15 0.06 0.03 0.03 0.03 unch 0.00 0.22 0.02 0.04 0.03 0.03 - 0.01 0.17 0.03 0.03 0.02 0.03 - 0.00 0.13 0.02 0.05 0.05 0.05 unch 0.00 0.11 0.03 0.05 0.03 0.03 - 0.02 0.15 0.03 0.06 0.05 0.05 - 0.01 0.21 0.05 0.39 0.26 0.32 + 0.02 0.81 0.26 0.52 0.27 0.46 + 0.05 1.07 0.27 0.01 0.01 0.01 - 0.00 0.04 0.01 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.08 0.06 0.08 + 0.02 0.26 0.06 0.25 0.16 0.22 - 0.02 0.60 0.16 0.16 0.11 0.11 - 0.07 0.43 0.11 0.08 0.00 0.08 unch 0.00 0.13 0.05 0.05 0.00 0.05 - 0.01 0.08 0.03 0.08 0.05 0.05 - 0.04 0.22 0.05 0.11 0.07 0.08 - 0.04 0.28 0.07 1.24 0.89 1.21 + 0.11 1.77 0.31 0.85 0.66 0.85 + 0.10 1.33 0.23 0.02 0.02 0.02 - 0.01 0.07 0.02 0.02 0.01 0.01 - 0.00 0.05 0.01 0.07 0.04 0.04 - 0.03 0.20 0.04 0.04 0.04 0.04 - 0.00 0.15 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.12 0.08 0.09 unch 0.00 0.43 0.08 0.09 0.05 0.07 + 0.01 0.34 0.05

B2Gold Corp T 60905 67182 B2Gold Corp* X O 675 Balmoral Res* Balmoral Res T 2178 Balto Res V 8 Bam Bam Res* O 4 Bam Bam Res C 936 Bankers Cobalt* O 211 Bankers Cobalt V 332 Bannerman Res* O 1811 Banyan Gold V 901 Banyan Gold* O 120 Bard Ventures* O 1 Bard Ventures V 62 O 112 Barksdale Res* Barksdale Res V 122 V 69 Barolo Venture Baroyeca Gold V 7 Barrick Gold* N 141795 Barrick Gold T 49139 Barsele Min* O 22 Barsele Min V 456 Batero Gold* O 33 Batero Gold V 369 Bayhorse Silvr* O 356 V 1385 Bayhorse Silvr BC Moly * O 3 BC Moly V 0 BCM Res V 218 V 13 BE Res Bear Creek Mng V 1159 Bear Creek Mng* O 505 Bearclaw Cap V 100 Bearing Lith V 134 Bearing Lith* O 144 Beauce Gold V 189 Bell Copper V 180 Bell Copper* O 38 Belmont Res V 355 Belo Sun Mng T 2348 Belo Sun Mng* O 7446 BeMetals * O 22 BeMetals V 57 Benchmark Met V 747 Benchmark Met* O 117 Benton Res V 270 Benton Res* O 4 Benz Mining V 787 Benz Mining* O 98 Berkwood Res * O 15 Berkwood Res V 746 Bessor Min V 2 Bessor Min* O 0 Bird River Res C 639 Bitterroot Res* O 446 Bitterroot Res V 547 Black Hills* N 4187 Black Iron T 1804 Black Iron* O 446 Black Mammoth V 124 Black Sea V 82 Black Sea * O 8 Black Tusk Res* O 265 Black Tusk Res C 1281 Blackheath Res V 377 Blackrock Gold* O 618 Blackrock Gold V 1026 Blind Creek V 193 BLOX Inc* O 246 Blue Lagoon C 407 Blue Lagoon* O 3 Blue Moon Zinc* O 74 Blue Moon Zinc V 238 Blue River Res V 204 Blue River Res* O 384 Blue Sky Uran* O 742 Blue Sky Uran V 877 Blue Star Gold V 83 Blue Thunder V 117 BlueBird Batt V 968 BlueBird Batt* O 65 Bluestone Res V 498 Bluestone Res* O 118 Bold Ventures V 36 Bonanza Gold* O 3928 BonTerra Res V 2206 Boreal Metals V 192 Borneo Res Inv* O 4300 Boundary Gold* O 68

5.21 3.12 4.00 + 0.18 6.51 3.12 3.65 2.16 2.71 - 0.04 4.93 2.16 0.23 0.15 0.21 + 0.01 0.39 0.07 0.35 0.24 0.30 + 0.01 0.52 0.10 0.08 0.08 0.08 - 0.04 0.19 0.06 0.03 0.03 0.03 unch 0.00 0.13 0.03 0.04 0.04 0.04 - 0.01 0.21 0.03 0.01 0.01 0.01 + 0.00 0.03 0.00 0.02 0.01 0.01 - 0.01 0.05 0.01 0.02 0.01 0.01 - 0.01 0.04 0.01 0.05 0.03 0.04 unch 0.00 0.09 0.03 0.03 0.02 0.03 + 0.00 0.07 0.02 0.06 0.06 0.06 unch 0.00 0.10 0.06 0.14 0.11 0.14 unch 0.00 0.26 0.07 0.23 0.15 0.15 - 0.08 0.57 0.17 0.33 0.22 0.23 - 0.11 0.75 0.22 0.21 0.20 0.20 - 0.01 0.30 0.18 0.03 0.00 0.03 - 0.02 0.10 0.03 18.59 12.65 15.88 + 0.21 22.57 11.65 26.29 17.52 22.81 + 1.12 29.93 15.72 0.15 0.07 0.13 - 0.07 0.55 0.07 0.25 0.11 0.24 + 0.04 0.73 0.11 0.04 0.04 0.04 - 0.01 0.08 0.04 0.06 0.05 0.05 - 0.01 0.10 0.05 0.05 0.03 0.04 - 0.01 0.14 0.03 0.07 0.05 0.05 - 0.02 0.20 0.05 0.00 0.00 0.03 unch 0.00 0.03 0.03 0.00 0.00 0.05 unch 0.00 0.07 0.04 0.03 0.02 0.03 unch 0.00 0.12 0.02 0.18 0.18 0.18 - 0.04 0.30 0.15 1.55 0.75 1.04 - 0.08 2.97 0.75 1.06 0.50 0.73 - 0.06 2.35 0.50 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.11 0.06 0.11 + 0.01 0.38 0.06 0.13 0.06 0.07 - 0.01 0.29 0.06 0.10 0.06 0.10 unch 0.00 0.20 0.06 0.05 0.01 0.05 unch 0.00 0.11 0.01 0.04 0.02 0.04 - 0.01 0.08 0.02 0.03 0.00 0.02 - 0.02 0.40 0.02 0.49 0.21 0.39 + 0.10 0.72 0.21 0.35 0.18 0.28 + 0.07 0.55 0.16 0.12 0.10 0.10 - 0.02 0.25 0.10 0.18 0.14 0.14 - 0.06 0.27 0.14 0.25 0.17 0.25 + 0.01 0.48 0.17 0.17 0.12 0.15 + 0.00 0.37 0.12 0.07 0.05 0.06 - 0.01 0.11 0.04 0.03 0.03 0.03 - 0.02 0.07 0.02 0.08 0.07 0.08 unch 0.00 0.14 0.05 0.06 0.05 0.05 + 0.00 0.10 0.05 0.01 0.00 0.01 - 0.00 0.06 0.01 0.02 0.01 0.02 - 0.01 0.08 0.01 0.06 0.00 0.06 unch 0.00 0.12 0.03 0.00 0.00 0.03 unch 0.00 0.04 0.00 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.03 0.02 0.02 - 0.00 0.07 0.01 0.04 0.03 0.03 - 0.01 0.07 0.02 60.09 48.07 51.72 - 14.17 87.12 48.07 0.07 0.05 0.06 - 0.01 0.16 0.05 0.05 0.03 0.04 - 0.01 0.12 0.03 0.04 0.04 0.04 unch 0.00 0.08 0.02 0.03 0.00 0.03 unch 0.00 0.10 0.03 0.02 0.00 0.02 + 0.00 0.08 0.02 0.04 0.03 0.03 - 0.01 0.15 0.02 0.06 0.04 0.06 - 0.01 0.19 0.03 0.14 0.08 0.08 unch 0.00 0.20 0.05 0.08 0.06 0.06 - 0.02 0.27 0.02 0.12 0.08 0.09 - 0.02 0.36 0.03 0.03 0.02 0.03 unch 0.00 0.06 0.02 0.10 0.03 0.03 - 0.01 0.30 0.03 1.00 0.55 0.92 - 0.22 2.11 0.26 0.84 0.69 0.69 - 0.14 1.45 0.69 0.01 0.00 0.01 unch 0.00 0.04 0.00 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.05 0.04 0.04 - 0.00 0.18 0.03 0.08 0.06 0.06 + 0.01 0.23 0.05 0.05 0.04 0.05 - 0.01 0.08 0.03 0.10 0.07 0.07 - 0.03 0.20 0.07 0.07 0.04 0.06 + 0.01 0.35 0.04 0.04 0.04 0.04 unch 0.00 0.25 0.03 1.48 0.99 1.15 unch 0.00 2.12 0.85 0.99 0.75 0.80 - 0.03 1.59 0.65 0.05 0.04 0.05 unch 0.00 0.18 0.03 0.00 0.00 0.00 + 0.00 0.01 0.00 0.89 0.63 0.75 - 0.06 3.02 0.63 0.04 0.03 0.04 + 0.01 0.10 0.03 0.00 0.00 0.00 - 0.00 0.00 0.00 0.01 0.01 0.01 - 0.00 0.15 0.01

B

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Boundary Gold V 55 Bravada Gold* O 174 Bravada Gold V 142 Braveheart Res* O 25 Braveheart Res V 37 Bravo Multinat* O 2 Brazil Min* O 20004 BrightRock* O 1135 Britannia Mng* O 51 Brixton Metals V 1029 Brixton Metals* O 469 Brookmount Exp* O 321 Bryn Res* O 105 BTU Metals* O 48 BTU Metals V 2436 Buenaventura* N 16099 Buffalo Coal V 620 Bullfrog Gold* O 614 Bullfrog Gold C 241 Bunker Hill C 7 BWR Explor V 845

0.01 0.00 0.01 unch 0.00 0.18 0.01 0.06 0.03 0.05 - 0.01 0.15 0.03 0.07 0.05 0.07 unch 0.00 0.20 0.05 0.07 0.07 0.07 unch 0.00 0.14 0.07 0.10 0.09 0.09 - 0.01 0.21 0.08 0.13 0.00 0.12 + 0.01 0.80 0.11 0.00 0.00 0.00 + 0.00 0.01 0.00 0.03 0.02 0.02 - 0.01 0.04 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.12 0.09 0.11 unch 0.00 0.43 0.08 0.09 0.05 0.07 - 0.00 0.33 0.05 0.01 0.01 0.01 unch 0.00 0.01 0.00 0.05 0.00 0.04 - 0.01 0.10 0.03 0.10 0.07 0.07 - 0.03 0.35 0.07 0.15 0.10 0.11 - 0.01 0.49 0.07 8.84 5.12 7.27 + 1.27 17.85 5.12 0.01 0.01 0.01 unch 0.00 0.01 0.01 0.09 0.05 0.08 + 0.00 0.24 0.05 0.13 0.00 0.10 unch 0.00 0.23 0.08 0.68 0.11 0.68 + 0.18 0.80 0.05 0.03 0.00 0.02 - 0.01 0.06 0.02

Cabral Gold V 557 Cabral Gold* O 28 Cache Explor V 2104 Cadillac Vent* O 53 Cadillac Vent V 80 Caldas Gold V 649 22 Caledonia Mng T Caledonia Mng* X 198 Calibre Mng T 1894 Calibre Mng* O 626 California Gld C 87 California Gld* O 6 Callinex Mines* O 90 V 87 Callinex Mines Cameco Corp* N 15792 Cameco Corp T 11029 Cameo Cobalt* O 150 Cameo Cobalt V 2060 Camino Min* O 26 Camino Min V 137 Camrova Res* O 307 Canada Carbon V 1609 O 303 Canada Carbon* Canada Coal V 250 Canada Cobalt V 1276 Canada Cobalt * O 472 Canada Nickel V 353 Canada One* O 1 Canada One V 20 Canada Rare V 204 Canada Rare* O 26 C 302 Canadian Metal Canadian Ore V 348 O 25 Canadian Ore* V 7 Canadian Prem CanAlaska Uran* O 322 CanAlaska Uran V 365 Canamex Gold* O 5 Canarc Res T 506 Canarc Res* O 614 Canasil Res V 832 Candelaria Mg V 285 T 1496 Candente Coppr Candente Gold V 717 CANEX Metals * O 31 CANEX Metals V 701 CaNickel Mng V 5 Canoe Mng Vent V 35 Canstar Res V 155 Canstar Res* O 0 O 1710 Canterra Mnls* Canterra Mnls V 7 Cantex Mn Dev* O 41 563 Cantex Mn Dev V Canuc Res V 166 Canuc Res* O 92 T 2845 Capstone Mng Cardero Res V 376 Cardero Res* O 125 Cardinal Res* O 282 Cardinal Res T 399 Cariboo Rose V 661 O 18 Carlyle Comm* Carrara Explor C 2498 Cartier Iron C 306 Cartier Res V 2297 V 800 Carube Copper Carube Copper* O 42 V 9 Casa Minerals Cascadero Copp V 1337 Cassius Vents V 5 Castle Peak Mg V 245 C 1423 Cdn Palladium O 427 Cdn Palladium* CellCube Enrgy* O 364 Centamin T 254 Centaurus Diam* O 288 Centerra Gold T 9710 Central Iron V 100 Central Tim Ex V 325 Century Cobalt* O 114 Century Global T 31 Cerro de Pasc C 661 Cerro de Pasc * O 56 Cerro Grande C 11 Cerro Mng* O 0 Cerro Mng V 118 Ceylon Graph V 358 Chakana Copper V 395 Chakana Copper* O 643 Chalice Gold M* O 41 Champion Bear* O 24 Champion Bear V 99 Champion Iron* O 2122 Champion Iron T 5206 Chatham Rock V 76 O 138 Chesapeake Gld* Chesapeake Gld V 205 Chevron Corp* N 121201 Chiboug Ind Mn V 252 Chilean Metals* O 468 Chilean Metals V 58 China Gold Int T 2091 Clarmin Explor V 100 Clean Comm* O 11 Cleghorn Mnls V 50 Cleveland-Clif* N 83620 Cliffmont Res V 0 Clifton Mng* O 100 CMC Metals V 320 CNRP Mng C 386 Cobalt Block* O 13 Cobalt Block V 188 Coeur Mng* N 44512 Colibri Res* O 79 Colibri Res V 18 Colombia Crest V 23 Colombia Crest* O 2 Colonial Coal V 315 Colorado Res V 953 Colorado Res* O 37 Columbus Gold T 246 Columbus Gold* O 435 Comet Inds V 2 Commander Res* O 9 Commander Res V 150 Commerce Res V 264 Commerce Res* O 199 Compass Gold* O 50 Compass Gold V 311 Comstock Mng* X 1629 Comstock Mtls V 515 Comstock Mtls * O 50 Condor Gold* O 5 Condor Gold T 26 Condor Res V 122 Condor Res* O 100 Confedertn Mls V 18 Conic Metals* O 26 Conic Metals V 1156 Conquest Res V 32 Conquest Res * O 40 Cons Woodjam V 214 CONSOL Coal Rs* N 235 CONSOL Energy* N 6393

0.09 0.07 0.08 - 0.02 0.26 0.07 0.07 0.06 0.06 - 0.02 0.17 0.06 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.02 0.00 0.02 + 0.00 0.03 0.00 0.04 0.00 0.03 - 0.01 0.04 0.01 1.95 1.30 1.55 - 0.20 2.30 1.30 11.75 9.46 10.05 - 2.00 16.99 7.05 8.50 6.51 6.67 - 1.93 13.55 5.22 0.67 0.46 0.55 - 0.07 1.05 0.45 0.48 0.00 0.36 - 0.07 1.52 0.00 0.14 0.00 0.12 - 0.03 0.79 0.12 0.12 0.12 0.12 + 0.01 0.59 0.12 0.38 0.00 0.27 + 0.01 0.99 0.03 0.53 0.32 0.36 - 0.01 1.35 0.32 6.57 5.30 6.30 - 0.43 12.12 5.30 9.34 7.69 9.07 - 0.25 16.42 7.69 0.01 0.00 0.00 - 0.00 0.16 0.00 0.01 0.01 0.01 unch 0.00 0.15 0.01 0.08 0.06 0.08 - 0.02 0.14 0.03 0.10 0.08 0.10 - 0.02 0.19 0.05 0.02 0.01 0.02 + 0.02 0.06 0.00 0.27 0.19 0.22 - 0.06 0.39 0.05 0.21 0.13 0.15 - 0.06 0.28 0.03 0.02 0.02 0.02 unch 0.00 0.07 0.01 0.34 0.25 0.31 unch 0.00 0.73 0.25 0.24 0.18 0.22 - 0.01 0.57 0.18 0.55 0.38 0.45 - 0.15 0.90 0.38 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.03 0.02 0.02 unch 0.00 0.06 0.02 0.05 0.03 0.04 unch 0.00 0.11 0.03 0.03 0.02 0.03 + 0.00 0.08 0.02 0.10 0.01 0.08 - 0.01 0.70 0.01 0.08 0.06 0.06 - 0.01 0.35 0.06 0.06 0.05 0.05 - 0.01 0.26 0.05 0.13 0.10 0.10 - 0.04 1.40 0.10 0.10 0.06 0.08 - 0.02 0.24 0.06 0.13 0.09 0.11 - 0.02 0.32 0.09 0.01 0.01 0.01 unch 0.00 0.07 0.00 0.04 0.03 0.03 - 0.01 0.08 0.03 0.03 0.02 0.02 - 0.01 0.06 0.02 0.06 0.05 0.05 unch 0.00 0.09 0.05 0.12 0.08 0.10 unch 0.00 0.42 0.05 0.03 0.03 0.03 - 0.01 0.06 0.03 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.10 0.07 0.07 - 0.03 0.22 0.02 0.14 0.10 0.12 - 0.01 0.28 0.03 0.04 0.04 0.04 unch 0.00 0.11 0.04 0.10 0.10 0.10 - 0.01 0.26 0.10 0.03 0.02 0.02 - 0.01 0.08 0.02 0.00 0.00 0.02 unch 0.00 0.05 0.02 0.02 0.01 0.02 unch 0.00 0.02 0.00 0.01 0.00 0.01 - 0.01 0.03 0.01 0.45 0.34 0.36 - 0.00 5.23 0.34 0.64 0.50 0.50 - 0.11 6.99 0.47 0.05 0.00 0.05 unch 0.00 0.09 0.03 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.47 0.33 0.37 - 0.13 0.92 0.33 0.03 0.02 0.03 + 0.01 0.06 0.02 0.02 0.01 0.01 - 0.01 0.04 0.01 0.18 0.15 0.15 - 0.05 0.38 0.15 0.30 0.23 0.27 + 0.07 0.50 0.20 0.05 0.04 0.05 + 0.01 0.06 0.04 0.16 0.06 0.09 - 0.05 0.24 0.06 0.02 0.01 0.02 - 0.01 0.08 0.01 0.03 0.03 0.03 unch 0.00 0.10 0.03 0.10 0.07 0.08 - 0.02 0.22 0.07 0.06 0.04 0.06 + 0.01 0.07 0.01 0.05 0.03 0.03 - 0.02 0.06 0.03 0.05 0.02 0.05 - 0.01 0.18 0.02 0.02 0.01 0.02 unch 0.00 0.04 0.01 0.05 0.05 0.05 unch 0.00 0.09 0.05 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.09 0.06 0.07 - 0.02 0.26 0.06 0.07 0.05 0.05 - 0.01 0.28 0.02 0.03 0.02 0.03 - 0.00 0.14 0.02 2.04 1.52 1.75 + 0.20 2.66 1.39 0.08 0.04 0.08 + 0.01 0.29 0.04 10.25 5.52 7.24 + 0.20 13.00 5.52 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.07 0.06 0.06 unch 0.00 0.51 0.05 0.02 0.00 0.01 - 0.01 0.15 0.00 0.07 0.00 0.07 + 0.02 0.25 0.05 0.33 0.27 0.32 - 0.01 0.54 0.26 0.23 0.19 0.23 + 0.00 0.41 0.18 0.01 0.00 0.01 unch 0.00 0.01 0.01 0.00 0.00 0.12 unch 0.00 0.12 0.09 0.11 0.07 0.08 + 0.01 0.36 0.07 0.11 0.00 0.11 + 0.01 0.20 0.06 0.13 0.08 0.09 - 0.02 0.43 0.08 0.09 0.05 0.06 - 0.02 0.33 0.05 0.12 0.08 0.08 - 0.07 0.22 0.08 0.09 0.08 0.09 - 0.01 0.16 0.07 0.13 0.12 0.12 - 0.02 0.20 0.10 1.02 0.77 0.89 - 0.12 2.36 0.77 1.44 1.10 1.27 - 0.18 3.15 0.96 0.12 0.00 0.08 + 0.01 0.18 0.07 1.65 1.01 1.46 + 0.11 3.50 1.01 2.35 1.40 2.06 + 0.22 4.65 1.40 78.49 51.60 59.39 - 24.03 127.34 51.60 0.09 0.08 0.08 - 0.02 0.27 0.05 0.04 0.03 0.04 + 0.01 0.06 0.01 0.03 0.00 0.03 - 0.02 0.09 0.03 0.76 0.49 0.50 - 0.27 1.87 0.60 0.05 0.05 0.05 unch 0.00 0.17 0.05 0.07 0.00 0.05 - 0.05 0.17 0.01 0.05 0.05 0.05 - 0.02 0.11 0.03 4.28 2.63 3.19 - 1.68 11.61 2.63 0.00 0.00 0.07 unch 0.00 0.13 0.05 0.19 0.14 0.18 - 0.01 0.23 0.07 0.03 0.03 0.03 unch 0.00 0.11 0.03 0.10 0.06 0.06 - 0.03 0.56 0.06 0.03 0.02 0.03 - 0.01 0.09 0.02 0.04 0.03 0.04 unch 0.00 0.12 0.03 3.82 1.98 2.92 + 0.36 8.29 1.98 0.04 0.03 0.04 - 0.00 0.06 0.03 0.05 0.05 0.05 unch 0.00 0.08 0.04 0.13 0.05 0.07 - 0.06 0.31 0.05 0.09 0.09 0.09 unch 0.00 0.23 0.05 0.27 0.22 0.26 - 0.04 0.65 0.21 0.05 0.03 0.04 + 0.01 0.13 0.03 0.03 0.02 0.02 - 0.00 0.10 0.02 0.12 0.09 0.09 - 0.03 0.25 0.09 0.09 0.06 0.07 - 0.02 0.17 0.06 3.30 3.30 3.30 unch 0.00 3.60 2.75 0.06 0.05 0.05 - 0.01 0.08 0.05 0.08 0.05 0.06 unch 0.00 0.11 0.05 0.16 0.12 0.13 - 0.04 0.90 0.12 0.11 0.09 0.09 - 0.03 0.68 0.07 0.12 0.10 0.11 + 0.01 0.50 0.10 0.18 0.15 0.16 - 0.02 0.71 0.12 0.52 0.33 0.43 + 0.02 1.39 0.15 0.02 0.02 0.02 + 0.01 0.04 0.02 0.01 0.00 0.01 - 0.00 0.03 0.01 0.36 0.36 0.36 unch 0.00 0.38 0.22 0.38 0.37 0.38 - 0.03 0.70 0.30 0.05 0.00 0.04 - 0.01 0.08 0.04 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.24 0.00 0.22 - 0.09 0.74 0.21 0.11 0.09 0.10 - 0.03 0.35 0.09 0.17 0.12 0.13 - 0.05 0.48 0.12 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.02 0.02 0.02 unch 0.00 0.03 0.00 0.03 0.03 0.03 unch 0.00 0.08 0.03 6.80 4.72 5.18 - 0.53 18.15 4.72 8.69 4.87 6.39 + 0.92 36.50 4.27

C

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

CONSOL Energy* N 40198 O 30 Constantine Mt* V 40 Constantine Mt O 60 Contact Gold* Contact Gold V 711 O 100 Contact Mnrls* Contintl Gold T 2511 O 3 Contintl Gold* Contintl Prec* O 8 395 Copper Fox Mtl V 47 Copper Fox Mtl* O 118 Copper Lake Rs V Copper Mtn Mng T 1984 92 Copper Mtn Mng* O 0 Copper North M* O 935 Copper North M V 0 Copper One * O Copper One C 2275 8 Copper Reef Mg* O 50 Copper Reef Mg C O 307 Copperbank Res* C 225 Copperbank Res Coral Gold * O 171 Coral Gold V 227 V 244 Cordoba Mnls O 31 Cordoba Mnls* Core Gold V 16 Core Gold* O 54 Core Lithium* O 4 V 44 Cornerstone Ca O 5 Cornerstone Ca* Coro Mining T 1041 80 Corsa Coal * O Corsa Coal V 220 Corsurex Res C 192 Corvus Gold T 549 Corvus Gold* O 389 CR Capital V 20 C 295 Crest Resource C 102 Crestview Expl Cresval Cap V 386 Critical Elem* O 30 Critical Elem V 922 V 132 CROPS O 69 Crown Mining* Crown Mining V 82 Cruz Cobalt C 194 Cruz Cobalt* O 172 Crystal Lake* O 136 Crystal Lake V 2619 Crystal Peak V 453 Crystal Peak* O 186 O 0 CTGX Mining* 405 Currie Rose Rs V C 250 Cyntar Venture Cypress Dev V 316 Cypress Dev* O 255

9.30 5.58 6.76 + 0.04 11.04 4.26 0.11 0.13 0.11 0.11 - 0.02 0.57 0.13 0.20 0.13 0.13 - 0.03 0.72 0.06 0.08 0.06 0.07 + 0.00 0.22 0.08 0.13 0.08 0.09 - 0.01 0.32 0.05 unch 0.00 0.24 0.05 0.05 0.05 2.38 unch 0.00 5.50 5.50 5.49 5.49 1.76 unch 0.00 4.20 4.11 4.09 4.11 0.00 0.23 0.23 0.23 - 0.31 0.54 0.06 0.05 0.06 - 0.01 0.11 0.01 0.05 0.04 0.04 - 0.00 0.09 0.04 0.02 0.00 0.02 unch 0.00 0.02 0.01 0.33 0.28 0.32 + 0.01 1.18 0.28 0.23 0.19 0.21 - 0.02 0.88 0.19 0.01 0.00 0.01 - 0.01 0.05 0.01 0.02 0.00 0.02 - 0.01 0.07 0.02 0.07 0.00 0.07 unch 0.00 0.10 0.07 0.05 0.09 0.07 0.07 - 0.02 0.18 0.17 0.00 0.17 - 0.12 0.35 0.07 0.18 0.18 0.18 - 0.03 0.52 0.15 0.02 0.03 0.02 0.03 + 0.00 0.05 0.03 0.04 0.00 0.04 - 0.01 0.07 0.33 0.18 0.31 - 0.01 0.44 0.18 0.26 0.44 0.26 0.43 - 0.01 0.57 0.04 0.08 0.05 0.05 - 0.01 0.14 0.03 0.05 0.03 0.04 + 0.00 0.10 0.08 0.09 0.08 0.09 - 0.08 0.34 0.06 0.09 0.06 0.06 - 0.04 0.26 0.02 0.15 0.14 0.15 + 0.00 0.21 1.36 1.73 1.37 1.70 + 0.21 7.60 0.10 1.42 1.09 1.12 + 0.04 3.61 0.04 0.05 0.04 0.05 - 0.01 0.11 0.13 0.00 0.10 - 0.03 0.67 0.09 0.13 0.18 0.13 0.15 - 0.02 0.90 0.02 unch 0.00 0.08 0.02 0.00 0.02 0.99 1.60 0.99 1.45 + 0.08 2.69 0.72 1.13 0.72 1.00 + 0.01 2.04 0.04 unch 0.00 0.08 0.05 0.05 0.05 0.05 unch 0.00 0.16 0.06 0.05 0.05 0.40 0.85 0.61 0.77 + 0.08 2.60 0.02 unch 0.00 0.08 0.08 0.00 0.02 0.18 0.20 0.18 0.18 - 0.05 0.48 0.17 0.29 0.21 0.28 - 0.04 0.65 0.01 unch 0.00 0.04 0.01 0.01 0.01 0.02 unch 0.00 0.08 0.03 0.02 0.03 0.02 0.03 0.02 0.02 - 0.01 0.11 0.03 unch 0.00 0.06 0.04 0.03 0.03 0.01 0.03 0.02 0.02 - 0.00 0.05 0.04 0.06 0.04 0.04 - 0.02 0.32 0.05 0.08 0.05 0.06 - 0.02 0.42 0.01 0.04 0.02 0.03 + 0.01 0.20 0.01 unch 0.00 0.15 0.03 0.01 0.02 0.00 unch 0.00 0.12 0.00 0.00 0.00 0.03 0.03 0.03 unch 0.00 0.08 0.02 0.07 unch 0.00 0.11 0.11 0.11 0.11 0.11 0.16 0.11 0.14 - 0.01 0.29 0.08 0.11 0.08 0.10 - 0.01 0.21

Dajin Lithium* O 1089 Dajin Res V 743 49 Dakota Ter Res* O Damara Gold V 204 Danakali* O 347 Debut Dmds C 41 Decade Res V 62 O 10 Deep-South Res* V 439 Deep-South Res C 769 DeepRock Min O 257 Defense Metals* V 487 Defense Metals Defiance Silvr V 2340 O 1490 Defiance Silvr* Delrand Res V 138 T 2420 Denison Mines X 4341 Denison Mines* Desert Gold* O 27 Desert Gold V 391 124 Desert Mtn Egy V O 325 Diamante Min* Diamcor Mng V 333 O 152 Diamcor Mng* O 1094 Diamond Disc* V 132 Diamond Fields O 53 Diamond Fields* Dios Expl V 1195 O 326 Discovery Harb* V 1184 Discovery Harb O 597 Discovery Met* V 2017 Discovery Met 275414 O Discovery Min* V 6 Discovery-Corp District Cop* O 22 District Cop V 4234 Ditem Explor* O 9 Dixie Gold V 259 DNI Metals* O 672 O 72 Dolat Ventures* Dolly Vard Sil* O 442 Dolly Vard Sil V 1095 Dore Copper V 7 V 568 Doubleview Cap O 313 Doubleview Cap* DRDGOLD* N 1856 Dundee Prec Mt T 9724 O 91 Dunnedin Vent* Durango Res V 359 Durango Res* O 630 V 700 DV Resources O 5 DV Resources* 59 Dynacor Gld Mn* O 601 Dynacor Gld Mn T O 2 Dynamic Gold* O 4 DynaResource* Dynasty Gold V 94 O 34 Dynasty Gold* E3 Metals V 74 E3 Metals* O 49 V 91 Eagle Graphite O 0 Eagle Graphite* Eagle Plains V 873 237 V East Africa 15 East Africa * O East Asia Mnls* O 166 East Asia Mnls V 1677 Eastern Platin T 181 O 130 Eastern Platin* Eastern Zinc C 1000 Eastfield Res V 2 Eastfield Res* O 250 Eastmain Res T 740 O 142 Eastmain Res* Eclipse Gold V 849 36 Eco Oro Mnls C Eco Oro Mnls* O 100 V 23 Edgewater Expl O 1 Edison Cobalt* El Capitan Prc* O 1306 8 El Nino Vent* O 153 El Nino Vent V 56 Elcora Adv Mat V Elcora Res* O 133 Eldorado Gold* N 29250 Eldorado Gold T 12504 Eloro Res* O 49 Eloro Res V 220 Ely Gold Royal V 1965 Ely Gold Royal* O 2025 24 Elysee Dev * O Elysee Dev V 59 Emerita Res V 172 O 496 Emgold Mining* V 401 Emgold Mining V 18 Empire Metals Empress Res V 240 O 600 Empress Res* EMX Royalty V 110 EMX Royalty* X 1161 O 91 Encanto Potash* V 68 Encanto Potash V 2769 EnCore Energy T 4975 Endeavour Mng O 77 Endeavour Mng* 16581 N Endeavr Silver* T 3955 Endeavr Silver O 156 Endurance Gold* V 258 Endurance Gold Energy Fuels* X 5639

0.01 0.03 0.01 0.01 - 0.00 0.05 0.02 0.03 0.02 0.02 - 0.01 0.06 0.18 0.10 0.18 + 0.03 0.26 0.02 0.03 0.03 0.00 0.03 - 0.01 0.06 0.16 0.24 0.16 0.20 - 0.07 0.58 0.08 0.09 0.00 0.08 - 0.02 0.25 0.01 0.02 0.00 0.02 - 0.01 0.05 0.03 unch 0.00 0.07 0.03 0.03 0.03 0.03 0.04 0.03 0.03 - 0.01 0.15 0.01 0.01 0.00 0.01 - 0.01 0.10 0.05 0.12 0.05 0.08 + 0.01 0.24 0.06 0.12 0.07 0.12 + 0.02 0.23 0.06 0.11 0.06 0.07 - 0.04 0.37 0.03 0.08 0.03 0.06 - 0.02 0.32 0.20 unch 0.00 0.71 0.34 0.20 0.27 0.24 0.33 0.24 0.32 - 0.03 0.78 0.19 0.25 0.19 0.22 - 0.03 0.59 0.05 0.08 0.00 0.07 + 0.01 0.31 0.05 0.13 0.07 0.09 - 0.01 0.26 0.17 0.14 0.16 unch 0.00 0.31 0.13 0.01 0.02 0.01 0.01 - 0.00 0.07 0.08 0.10 0.08 0.08 - 0.02 0.20 0.06 0.08 0.06 0.06 - 0.01 0.15 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.09 0.15 0.00 0.09 - 0.07 0.25 0.00 0.11 0.00 0.04 - 0.06 0.16 0.03 0.08 0.05 0.07 + 0.01 0.17 0.02 0.04 0.03 0.03 - 0.00 0.14 0.03 unch 0.00 0.18 0.05 0.03 0.04 0.13 0.28 0.16 0.27 + 0.06 0.56 0.20 0.44 0.22 0.35 + 0.07 0.74 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.05 unch 0.00 0.15 0.09 0.00 0.09 0.00 unch 0.00 0.03 0.01 0.00 0.00 0.01 0.01 0.00 0.01 - 0.01 0.05 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.07 0.10 0.07 0.09 - 0.02 0.24 0.00 0.03 0.00 0.03 + 0.00 0.09 0.04 0.08 0.00 0.06 + 0.02 1.35 0.18 0.12 0.15 + 0.01 0.35 0.12 0.24 0.17 0.21 + 0.03 0.47 0.17 0.55 0.65 0.55 0.60 - 0.10 1.65 0.04 0.09 0.04 0.06 - 0.02 0.18 0.04 0.05 0.04 0.04 - 0.01 0.13 1.64 0.90 7.79 5.78 3.06 4.91 + 5.23 3.20 3.88 - 0.57 6.66 3.20 0.04 0.04 0.02 0.02 - 0.01 0.10 0.04 0.05 0.04 0.04 - 0.01 0.08 0.03 unch 0.00 0.06 0.05 0.04 0.05 0.04 unch 0.00 0.12 0.06 0.05 0.05 0.04 0.06 0.04 0.04 - 0.02 0.11 1.00 0.72 0.73 - 0.23 1.60 0.72 1.48 0.99 1.09 - 0.24 2.00 0.99 1.00 unch 0.00 5.00 2.50 2.00 2.00 0.24 0.45 0.32 0.40 - 0.05 1.22 0.05 0.07 0.06 0.06 - 0.01 0.13 0.04 0.05 0.04 0.04 - 0.01 0.08 0.19 0.28 0.19 0.25 - 0.03 0.60 0.15 0.21 0.15 0.17 - 0.03 0.41 0.03 0.03 0.03 0.03 - 0.01 0.10 0.02 unch 0.00 0.06 0.00 0.00 0.02 0.07 0.09 0.07 0.08 - 0.01 0.12 0.12 0.09 0.10 + 0.01 0.26 0.08 0.08 0.08 0.08 + 0.00 0.19 0.07 0.02 0.02 0.02 - 0.02 0.09 0.02 0.04 0.02 0.03 - 0.01 0.13 0.02 0.18 0.27 0.18 0.19 - 0.09 0.72 0.12 0.21 0.12 0.12 - 0.06 0.44 0.02 0.03 0.03 0.03 - 0.01 0.20 0.03 unch 0.00 0.07 0.03 0.00 0.03 0.02 unch 0.00 0.05 0.02 0.02 0.02 0.07 unch 0.00 0.22 0.08 0.07 0.07 0.04 0.06 0.04 0.04 - 0.01 0.16 0.40 0.55 0.40 0.46 - 0.06 0.90 0.09 0.04 0.05 - 0.03 0.16 0.03 0.03 0.02 0.03 - 0.00 0.10 0.02 0.06 0.08 0.08 0.08 - 0.01 0.15 0.03 unch 0.00 0.05 0.04 0.04 0.04 0.01 0.01 0.01 - 0.00 0.04 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.03 0.02 0.02 - 0.01 0.05 0.02 0.03 0.02 0.02 - 0.01 0.11 0.02 0.01 0.02 0.01 0.02 + 0.00 0.08 7.06 4.60 5.15 - 0.60 11.29 3.05 9.99 6.29 7.51 - 0.45 14.99 4.10 0.13 unch 0.00 0.35 0.18 0.00 0.18 0.15 0.22 0.20 0.22 - 0.01 0.46 0.70 0.47 0.59 + 0.05 1.02 0.15 0.50 0.32 0.41 + 0.02 0.78 0.11 0.21 0.19 0.21 - 0.03 0.30 0.19 0.28 unch 0.00 0.41 0.30 0.28 0.30 0.03 0.06 0.03 0.04 - 0.03 0.17 0.03 0.05 0.03 0.03 - 0.01 0.14 0.04 0.06 0.04 0.04 - 0.01 0.20 0.13 unch 0.00 0.20 0.13 0.13 0.13 0.02 unch 0.00 0.06 0.02 0.00 0.02 0.01 unch 0.00 0.02 0.01 0.01 0.01 1.43 2.10 1.62 1.79 + 0.07 2.77 1.08 1.45 1.20 1.26 + 0.02 2.12 0.01 0.03 0.03 0.03 + 0.01 0.11 0.01 0.04 0.03 0.03 + 0.01 0.16 0.08 0.10 0.08 0.10 - 0.01 0.22 15.68 25.50 15.68 21.65 + 1.32 29.18 11.02 17.36 11.02 14.84 + 0.86 21.86 0.99 1.52 0.99 1.17 + 0.07 3.20 1.30 2.19 1.30 1.72 + 0.18 4.26 0.02 0.03 0.02 0.03 + 0.00 0.04 0.03 unch 0.00 0.07 0.04 0.03 0.04 0.78 0.01 3.73 0.94 + 1.06 0.79

D-F

2020-03-21 3:59 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / MARCH 30–APRIL 12, 2020

Week

12-month

Exc Volume High Low Last Change High Low

Energy Fuels T 1364 1.50 1.10 1.35 + 0.03 4.97 1.10 V 11 0.06 0.04 0.06 + 0.02 0.14 0.04 Engineer Gold Engold Mines V 1799 0.03 0.02 0.03 - 0.01 0.12 0.02 Engold Mines* O 53 0.02 0.00 0.02 - 0.00 0.09 0.02 Ensurge* O 251 0.03 0.03 0.03 - 0.01 0.06 0.01 Entree Res* O 213 0.20 0.16 0.18 - 0.02 0.42 0.05 Entree Res T 355 0.29 0.23 0.24 - 0.03 0.53 0.22 6.99 4.63 6.15 + 0.40 10.30 4.63 Equinox Gold* X 9873 Equinox Gold T 18999 10.04 6.76 9.29 + 0.49 13.52 4.90 Equitorial Ex V 810 0.01 0.01 0.01 unch 0.00 0.06 0.01 Equity Metals* O 60 0.04 0.03 0.03 - 0.01 0.09 0.03 Equity Metals V 257 0.05 0.04 0.05 + 0.01 0.11 0.04 Erdene Res Dev T 1373 0.17 0.13 0.14 - 0.03 0.32 0.13 Erdene Res Dev* O 353 0.12 0.09 0.10 - 0.02 0.24 0.09 Erin Ventures V 214 0.04 0.03 0.03 - 0.02 0.15 0.03 Ero Copper T 1928 12.14 8.40 10.98 - 0.83 25.69 8.40 Ero Copper* O 23 8.70 5.92 7.08 - 1.18 19.20 5.92 4 0.07 0.00 0.06 - 0.01 0.09 0.03 Eros Res Corp* O Eros Res Corp V 282 0.09 0.00 0.06 - 0.03 0.12 0.05 282 0.09 0.00 0.06 - 0.03 0.12 0.05 Eros Res Corp V Eskay Mng* O 150 0.12 0.09 0.09 - 0.04 0.27 0.04 0.07 Eskay Mng V 259 0.18 0.00 0.13 - 0.02 0.38 Essex Minerals V 23 0.14 0.00 0.10 - 0.01 0.30 0.10 Ethos Gold* O 31 0.08 0.05 0.05 - 0.02 0.24 0.05 Ethos Gold V 385 0.11 0.08 0.09 + 0.01 0.32 0.08 0.12 Etruscus Res C 26 0.20 0.15 0.15 - 0.01 0.50 Euro Manganese V 5 0.11 0.11 0.11 + 0.01 0.26 0.10 Euro Sun Mg* O 246 0.15 0.05 0.11 - 0.01 0.83 0.02 Euro Sun Mg T 852 0.19 0.14 0.15 - 0.01 1.10 0.14 O 28 0.01 0.01 0.01 unch 0.00 0.14 0.01 EurOmax Res* unch 0.00 0.17 0.02 EurOmax Res T 31 0.02 0.00 0.02 European Elect* O 122 0.01 0.00 0.01 - 0.01 0.08 0.00 European Elect V 84 0.02 0.00 0.01 - 0.01 0.11 0.01 O 56 0.03 0.03 0.03 unch 0.00 1.00 0.00 European Metal* V 61 0.01 0.01 0.01 unch 0.00 0.04 0.01 Eurotin Evergold V 294 0.27 0.19 0.23 - 0.07 0.38 0.17 Evergold* O 14 0.18 0.15 0.16 - 0.02 0.29 0.15 0.08 0.05 0.07 + 0.01 1.64 0.05 EVI Global Grp C 1047 0.01 Evolving Gold C 3 0.02 0.00 0.02 - 0.02 0.07 O 2 0.01 0.00 0.01 unch 0.00 0.06 0.00 Evolving Gold* Evrim Res V 356 0.25 0.19 0.23 - 0.03 0.40 0.19 0.19 Excellon Res* O 435 0.44 0.19 0.39 + 0.09 1.15 Excellon Res T 1395 0.64 0.31 0.60 + 0.19 1.51 0.31 Excelsior Mng* O 764 0.43 0.33 0.33 - 0.09 0.94 0.33 Excelsior Mng T 1310 0.57 0.47 0.50 - 0.09 1.23 0.47 0.01 0.01 0.01 unch 0.00 0.02 0.01 ExGen Res Inc V 4208 Explorex Res* O 10 0.12 0.12 0.12 unch 0.00 0.23 0.12 V 100 0.04 0.04 0.04 unch 0.00 0.08 0.02 Fabled Copper Falco Res V 1745 0.21 0.17 0.18 - 0.03 0.36 0.17 0.15 0.12 0.12 - 0.04 0.28 0.10 Falco Res * O 218 Falcon Gold V 573 0.03 0.03 0.03 unch 0.00 0.06 0.02 Fancamp Expl V 198 0.04 0.03 0.04 unch 0.00 0.11 0.03 Far Res C 623 0.03 0.02 0.03 unch 0.00 0.15 0.02 0.01 Far Res* O 209 0.02 0.01 0.02 + 0.00 0.11 0.02 Fidelity Min V 279 0.02 0.02 0.02 - 0.01 0.35 unch 0.00 0.09 0.04 Fieldex Expl V 6715 0.06 0.05 0.06 Filo Mg Corp V 194 1.25 1.00 1.01 - 0.24 3.25 1.00 0 0.00 0.00 1.35 unch 0.00 2.31 1.29 Filo Mg Corp * O Finlay Minrls V 2500 0.04 0.02 0.03 unch 0.00 0.07 0.02 0.18 Fiore Gold* O 470 0.31 0.22 0.24 - 0.00 0.51 Fiore Gold V 840 0.44 0.32 0.35 unch 0.00 0.67 0.26 15 0.10 0.01 0.01 - 0.09 0.38 0.00 Fire River Gol* O FireFox Gold V 144 0.04 0.04 0.04 - 0.01 0.27 0.04 V 1085 0.04 0.03 0.04 unch 0.00 0.10 0.03 Firestone Vent Fireweed Zinc V 64 0.37 0.31 0.34 - 0.01 0.95 0.31 O 32 0.23 0.21 0.23 - 0.05 0.70 0.21 Fireweed Zinc* Firma Holdings* O 107 0.01 0.00 0.00 + 0.00 0.03 0.00 First Cobalt * O 2233 0.09 0.05 0.07 + 0.01 0.18 0.05 First Cobalt V 2888 0.11 0.08 0.10 + 0.02 0.25 0.08 O 7578 0.00 0.00 0.00 unch 0.00 0.00 0.00 First Colombia* First Energy C 24 0.06 0.00 0.06 unch 0.00 0.20 0.04 First Energy* O 36 0.04 0.04 0.04 - 0.02 0.16 0.02 6.71 4.17 5.51 + 0.51 12.69 4.17 First Majestic* N 37084 First Majestic T 11485 9.49 5.30 8.00 + 1.06 16.50 5.30 O 13 0.08 0.07 0.07 - 0.01 0.08 0.01 First Mexican* First Mexican V 35 0.11 0.06 0.08 - 0.03 0.15 0.04 First Mg Fin T 5934 0.21 0.12 0.18 + 0.01 0.40 0.12 First Mg Fin * O 6711 0.14 0.09 0.12 unch 0.00 0.29 0.09 First Point* O 52 0.13 0.10 0.11 - 0.01 0.16 0.08 7.30 5.07 5.32 - 1.48 16.63 5.50 First Quantum T 30525 V 614 0.17 0.13 0.16 + 0.03 0.76 0.13 First Vanadium First Vanadium* O 551 0.12 0.08 0.12 + 0.02 0.58 0.08 Fission 3.0 V 546 0.04 0.03 0.03 unch 0.00 0.14 0.03 Fission 3.0* O 484 0.03 0.02 0.02 - 0.00 0.10 0.02 0.07 Fission Uran* O 1629 0.11 0.07 0.09 - 0.01 0.45 Fission Uran T 3643 0.15 0.10 0.13 - 0.01 0.59 0.10 Five Star Diam V 493 0.03 0.01 0.02 - 0.02 0.07 0.01 Fjordland Exp* O 38 0.03 0.02 0.02 - 0.01 0.07 0.02 0.03 Fjordland Exp V 127 0.04 0.03 0.03 - 0.01 0.09 25 0.08 0.08 0.08 unch 0.00 0.51 0.08 Flowery Gold* O Focus Graphite* O 728 0.02 0.01 0.01 + 0.00 0.03 0.01 Focus Graphite V 560 0.02 0.02 0.02 - 0.01 0.04 0.01 Foran Mng V 229 0.13 0.08 0.10 - 0.04 0.35 0.08 Forsys Metals T 280 0.09 0.06 0.09 + 0.02 0.29 0.06 1 0.00 0.00 0.11 unch 0.00 0.25 0.08 Fort St J Nick V Fortescue Met* O 23 6.30 5.77 5.93 - 0.27 8.89 4.53 Fortuna Silvr T 9686 3.92 2.05 3.26 + 0.69 6.12 2.05 25623 2.70 1.47 2.26 + 0.46 4.59 1.47 Fortuna Silvr* N Fortune Bay V 109 0.40 0.00 0.27 - 0.14 0.60 0.22 0.14 Fortune Bay* O 49 0.29 0.14 0.23 - 0.05 0.45 Fortune Mnrls* O 770 0.05 0.03 0.03 - 0.01 0.10 0.03 Fortune Mnrls T 1556 0.07 0.04 0.05 - 0.02 0.13 0.04 Forum Energy V 818 0.07 0.05 0.06 - 0.02 0.11 0.03 Forum Energy* O 188 0.05 0.03 0.05 - 0.01 0.08 0.02 0.10 Four Nines C 306 0.11 0.10 0.10 - 0.01 0.24 Fox River Res C 143 0.06 0.00 0.06 - 0.01 0.12 0.04 Fox River Res* O 7 0.03 0.00 0.03 unch 0.00 0.07 0.03 FPX Nickel V 319 0.18 0.13 0.13 - 0.04 0.23 0.10 Franco-Nevada* N 10017 113.65 77.18 93.88 + 5.90 122.65 69.16 Franco-Nevada T 7233 160.51 105.93 136.07 + 14.08 163.80 93.24 Franklin Mng* O 296 0.00 0.00 0.00 + 0.00 0.10 0.00 Freegold Vent T 1405 0.06 0.04 0.05 + 0.01 0.12 0.04 Freeport McMoR* N 189053 6.97 4.82 5.52 - 2.01 14.68 4.82 Freeport Res V 156 0.06 0.02 0.02 - 0.04 0.15 0.02 Fremont Gold V 329 0.05 0.05 0.05 - 0.01 0.13 0.04 Fremont Gold* O 18 0.04 0.03 0.04 + 0.01 0.12 0.03 Fresnillo plc* O 52 7.16 5.53 6.46 - 0.54 11.91 5.53 Frontier Lith V 287 0.19 0.15 0.17 - 0.02 0.40 0.15 Frontline Gold V 3218 0.01 0.01 0.01 unch 0.00 0.02 0.01 Fura Gems V 875 0.08 0.06 0.07 - 0.02 0.35 0.06 Fura Gems* O 182 0.06 0.05 0.05 unch 0.00 0.25 0.05 Fuse Cobalt* O 15 0.06 0.03 0.06 + 0.01 0.09 0.01 Fuse Cobalt V 293 0.08 0.00 0.07 - 0.02 0.22 0.03

G-H G2 Goldfields* O 0 G2 Goldfields V 78 Gabriel Res V 285 Gabriel Res* O 183 Gaia Metals* O 14 Gaia Metals V 88 Gainey Capital V 56 Galane Gold V 2324 Galane Gold * O 423 Galantas Gold* O 125 Galantas Gold V 861 Galleon Gold* O 75 Galore Res V 69 Galway Gold * O 3 Galway Gold V 44 Galway Mtls* O 87 Galway Mtls V 681 Gambier Gold V 292 Garibaldi Res * O 358 Garibaldi Res V 1381 Gatling Explor V 889 Gatling Explor* O 164 General Moly* X 1469 General Moly T 5 Generation Min* O 207 Generation Min C 1180 Generic Gold C 19 Genesis Mtls* O 55 Genesis Mtls V 380 Genius Metals C 5 Gensource Pot V 669 Geomega Res V 1021 Geomega Res* O 453 Gespeg Res V 365 Getchell Gold * O 378 Getchell Gold C 590 Getty Copper V 30 GFG Resources V 356 GFG Resources* O 230 GGL Res V 229 GGX Gold V 7 GGX Gold* O 12 Giga Metals* O 276 Giga Metals V 246 Gitennes Expl V 1555 Giyani Gold V 636 Giyani Gold* O 138 Glacier Lake V 30 Gldn Predator* O 412 Gldn Predator V 434

0.00 0.00 0.14 unch 0.00 0.26 0.08 0.20 0.14 0.19 + 0.04 0.43 0.14 0.57 0.43 0.47 - 0.01 0.71 0.38 0.38 0.30 0.32 - 0.01 0.54 0.27 0.06 0.00 0.06 unch 0.00 0.66 0.06 0.10 0.05 0.06 + 0.01 0.90 0.05 0.03 0.02 0.03 + 0.01 0.16 0.02 0.07 0.05 0.07 + 0.01 0.13 0.04 0.05 0.04 0.05 - 0.01 0.10 0.03 0.00 0.00 0.00 - 0.00 0.07 0.00 0.01 0.01 0.01 - 0.01 0.08 0.01 0.03 0.02 0.02 - 0.01 0.08 0.01 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.07 0.06 0.06 - 0.00 0.10 0.00 0.11 0.10 0.11 + 0.01 0.14 0.07 0.25 0.21 0.22 - 0.01 0.34 0.18 0.39 0.30 0.32 unch 0.00 0.46 0.25 0.03 0.02 0.03 unch 0.00 0.15 0.02 0.33 0.27 0.29 - 0.10 1.70 0.27 0.49 0.38 0.41 - 0.12 2.25 0.38 0.32 0.25 0.29 - 0.03 0.71 0.25 0.23 0.17 0.19 - 0.05 0.54 0.17 0.18 0.15 0.15 - 0.03 0.45 0.15 0.22 0.22 0.22 unch 0.00 0.59 0.22 0.25 0.17 0.20 - 0.02 0.62 0.04 0.34 0.23 0.25 - 0.05 0.75 0.16 0.06 0.02 0.02 - 0.04 0.09 0.02 0.14 0.10 0.14 - 0.03 0.33 0.10 0.20 0.15 0.18 - 0.01 0.49 0.15 0.18 0.18 0.18 unch 0.00 0.22 0.14 0.10 0.07 0.10 unch 0.00 0.16 0.07 0.12 0.09 0.10 - 0.02 0.23 0.09 0.09 0.06 0.06 - 0.03 0.17 0.06 0.05 0.05 0.05 unch 0.00 0.18 0.03 0.11 0.05 0.10 + 0.02 0.19 0.05 0.16 0.07 0.14 + 0.05 0.25 0.06 0.03 0.03 0.03 unch 0.00 0.04 0.02 0.10 0.08 0.10 + 0.01 0.44 0.07 0.07 0.05 0.07 + 0.01 0.32 0.05 0.06 0.03 0.03 - 0.03 0.17 0.03 0.06 0.00 0.06 unch 0.00 0.33 0.06 0.06 0.06 0.06 unch 0.00 0.29 0.04 0.18 0.09 0.11 + 0.01 0.40 0.09 0.18 0.13 0.16 - 0.02 0.53 0.13 0.01 0.01 0.01 + 0.01 0.06 0.01 0.12 0.04 0.08 - 0.04 0.35 0.04 0.09 0.04 0.06 - 0.03 0.26 0.04 0.20 0.00 0.13 - 0.07 0.25 0.05 0.15 0.11 0.13 - 0.01 0.38 0.11 0.20 0.15 0.19 unch 0.00 0.50 0.15

20-23_MARCH23_StockTables.indd 21

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Glen Eagle Res* O 35 Glen Eagle Res V 231 Glencore Plc * O 241 Glencore Plc* O 2253 Global Atomic* O 93 Global Atomic T 842 V 311 Global Battery Global Battery* O 6 O 160 Global Energy* Global Energy V 104 Global Gold* O 1 Global Li-Ion* O 178 Global Li-Ion C 370 Globex Mng* O 12 Globex Mng T 269 GMV Minerals* O 15 GMV Minerals V 96 GNCC Capital* O 10058 Go Cobalt* O 12 Go Cobalt C 40 GobiMin V 15 GoGold Res T 1442 Gold Fields* O 2 Gold Fields* N 78431 638 Gold Finder Ex V Gold Finder Ex* O 12 Gold Lion Res C 348 Gold Reserve V 85 Gold Reserve* O 650 Gold Resource* X 11160 98 Gold Rush Cari V Gold Std Vents T 2946 Gold Std Vents* X 13315 Gold X Mining V 256 O 0 Goldbank Mng* V 1 Goldbank Mng Goldcliff Res* O 326 Goldcliff Res V 409 Golden Arrow V 3133 Golden Arrow* O 425 Golden Band* O 165 Golden Birch C 326 Golden Cariboo V 144 Golden Dawn Ml V 2 1 Golden Dawn Ml* O Golden Goliath* O 125 V 899 Golden Goliath Golden Harp* O 1 Golden Harp V 0 Golden Hope V 1197 Golden Hope* O 33 Golden Lake C 61 Golden Mnls T 55 Golden Mnls* X 2654 Golden Opp Res C 1075 Golden Pursuit V 50 V 63 Golden Queen Golden Queen* O 35 Golden Ridge V 185 Golden Secret V 66 Golden Share V 48 Golden Star T 469 Golden Star* O 25 Golden Star* X 4280 Golden Tag V 232 Golden Valley* O 346 Golden Valley V 751 Goldex Res* O 7 Goldex Res V 48 T 1398 Goldgroup Mng Goldgroup Mng* O 133 GoldMining* O 2600 GoldMining T 4079 GoldON Res V 39 GoldON Res* O 36 GoldQuest Mng V 525 Goldrea Res C 19 Goldrea Res* O 11 Goldrich Mng* O 846 Goldseek Res C 47 V 3513 Goldsource Min Goldsource Min* O 906 Goldstar Mnls V 206 Goldstrike Res* O 0 V 28 Goldstrike Res Goliath Res V 71 Goliath Res* O 31 Gossan Res V 126 O 678 GoviEx Uranium* GoviEx Uranium V 1540 Gowest Gold* O 53 Gowest Gold V 281 GPM Metals* O 100 GPM Metals V 135 GR Silver* O 204 GR Silver V 552 O 555 Gran Colombia* Gran Colombia T 5777 Granada Gold V 458 Granada Gold* O 126 V 854 Grande Portage Grande Portage* O 216 Granite Creek V 505 Graphite One V 168 O 259 Graphite One* Gratomic* O 20 Gratomic V 1180 Gray Rock Res V 23 Great Atlantic V 12 Great Bear Res V 4061 Great Bear Res* O 448 15 Great Lakes Gr* O Great Panther T 2230 Great Panther* X 13230 Great Thunder V 212 Great Thunder* O 6 Greatbanks Re V 20 Green River C 302 Green Swan Cap V 1622 Green Valley M V 14 Greencastle Rs V 251 Greenland M&En* O 1935 Greenshield Ex V 0 Grenville Gold C 5 Grenville Gold* O 9 Grid Metals V 437 Grid Metals* O 104 Grizzly Discvr* O 115 Grizzly Discvr V 100 Grosvenor Res V 0 Group Eleven V 304 Group Ten Mtls* O 316 Group Ten Mtls V 913 GrowMax Res* O 100 GSP Resource V 50 GT Gold V 1577 GT Gold * O 58 GTA Resources* O 0 O 1 Guerrero Vents* Gungnir Res* O 363 Gungnir Res V 409 Gunpoint Expl V 2 Guyana Gldflds T 1947 Guyana Goldstr V 479 Guyana Goldstr* O 177 Handa Mining V 32 Handeni Gold* O 1 Hanna Capital* O 0 Hanna Capital V 92 Hannan Metals V 327 Hannan Metals* O 333 Happy Ck Mnrls V 33 Harfang Explor V 111 Harmony Gold* N 61552 Harte Gold* O 315 Harte Gold T 3894 Harvest Gold* O 11 Harvest Gold V 29 Hawkeye Gld&Di V 3388 Heatherdale Rs V 2 Hecla Mining* N 73110 Hemcare Health* O 8 Highbank Res V 948 Highbury Proj V 22 HighGold V 445 HighGold* O 113 Highland Copp V 681 Highland Copp* O 625 Highway 50 Gld V 220 Hochschild Mg* O 110 Honey Badger E* O 0 Honey Badger E V 893 Horizonte Mnls T 336 Hornby Bay Mnl* O 10 Hornby Bay Mnl V 410 HudBay Min T 12780

0.08 0.08 0.08 unch 0.00 0.10 0.05 0.11 0.08 0.10 - 0.01 0.14 0.07 1.73 1.35 1.35 - 0.32 4.49 1.35 3.46 2.63 2.67 - 0.89 8.91 2.63 0.23 0.18 0.21 - 0.01 0.42 0.18 0.35 0.23 0.28 - 0.02 0.56 0.23 0.06 0.00 0.03 - 0.03 0.23 0.02 0.05 0.05 0.05 unch 0.00 0.16 0.05 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.01 0.01 0.01 - 0.01 0.10 0.01 1.20 1.20 1.20 unch 0.00 1.60 0.69 0.07 0.03 0.04 - 0.01 0.17 0.03 0.09 0.05 0.05 - 0.04 0.23 0.03 0.20 0.00 0.20 - 0.01 0.31 0.20 0.30 0.26 0.26 - 0.03 0.41 0.26 0.09 0.05 0.05 - 0.03 0.17 0.05 0.10 0.08 0.08 - 0.01 0.25 0.08 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.04 0.04 - 0.01 0.17 0.01 0.03 0.00 0.03 - 0.03 0.16 0.03 0.28 0.22 0.22 + 0.02 0.45 0.20 0.48 0.37 0.39 - 0.06 0.85 0.26 4.09 0.00 4.09 - 1.93 6.09 3.55 5.64 3.79 4.00 - 0.07 7.90 3.57 0.03 0.02 0.02 - 0.01 0.11 0.02 0.02 0.02 0.02 - 0.01 0.07 0.02 0.25 0.20 0.24 - 0.02 0.43 0.17 2.21 1.91 2.15 - 0.06 3.62 1.82 1.58 1.47 1.50 - 0.08 2.70 1.05 3.15 2.02 2.36 - 0.24 6.24 2.02 0.02 0.01 0.01 - 0.01 0.15 0.01 0.68 0.46 0.46 - 0.14 1.62 0.49 0.45 0.27 0.27 - 0.12 1.21 0.27 1.59 0.75 1.07 - 0.13 3.56 0.75 0.00 0.00 0.14 unch 0.00 0.14 0.11 0.11 0.00 0.11 unch 0.00 0.19 0.11 0.09 0.05 0.08 + 0.00 0.14 0.05 0.13 0.08 0.12 + 0.02 0.18 0.08 0.13 0.09 0.12 + 0.02 0.33 0.09 0.09 0.06 0.08 + 0.01 0.25 0.06 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.17 0.08 0.11 unch 0.00 0.25 0.06 0.04 0.04 0.04 unch 0.00 0.06 0.02 0.08 0.00 0.08 + 0.01 0.38 0.06 0.06 0.00 0.06 unch 0.00 0.28 0.03 0.04 0.02 0.03 - 0.01 0.08 0.01 0.05 0.04 0.04 - 0.01 0.10 0.02 0.00 0.00 0.03 unch 0.00 0.03 0.03 0.00 0.00 0.10 unch 0.00 0.18 0.04 0.12 0.06 0.09 - 0.05 0.28 0.05 0.10 0.07 0.08 - 0.02 0.18 0.03 0.08 0.07 0.08 - 0.01 0.20 0.07 0.34 0.21 0.27 + 0.04 0.49 0.20 0.24 0.15 0.19 + 0.02 0.37 0.13 0.11 0.10 0.10 unch 0.00 0.17 0.10 0.05 0.00 0.05 unch 0.00 0.11 0.02 0.21 0.00 0.19 - 0.01 0.40 0.16 0.19 0.11 0.12 - 0.02 0.29 0.01 0.03 0.02 0.02 unch 0.00 0.20 0.02 0.85 0.73 0.73 - 0.12 1.80 0.72 0.05 0.03 0.03 - 0.03 0.16 0.03 3.96 2.56 3.20 + 0.17 6.48 2.56 0.40 0.30 0.30 unch 0.00 0.80 0.30 2.75 1.85 2.20 + 0.03 4.97 1.85 0.04 0.03 0.03 - 0.01 0.10 0.03 0.30 0.24 0.26 - 0.01 0.47 0.23 0.44 0.31 0.38 + 0.01 0.62 0.31 0.05 0.05 0.05 - 0.00 0.15 0.05 0.08 0.07 0.08 + 0.01 0.21 0.07 0.03 0.02 0.03 - 0.01 0.08 0.02 0.03 0.01 0.01 - 0.01 0.06 0.01 0.94 0.61 0.78 - 0.04 1.60 0.56 1.34 0.85 1.12 - 0.01 2.05 0.75 0.29 0.00 0.23 - 0.05 1.15 0.20 0.20 0.14 0.14 - 0.06 0.82 0.17 0.12 0.09 0.10 - 0.02 0.23 0.08 0.03 0.02 0.03 unch 0.00 0.11 0.02 0.02 0.00 0.01 - 0.01 0.07 0.01 0.01 0.01 0.01 + 0.00 0.03 0.01 0.11 0.07 0.10 unch 0.00 0.11 0.07 0.12 0.07 0.09 + 0.01 0.23 0.06 0.08 0.04 0.06 + 0.00 0.16 0.03 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.12 0.00 0.12 - 0.04 0.23 0.00 0.18 0.00 0.18 + 0.03 0.90 0.14 0.16 0.00 0.13 - 0.03 2.18 0.12 0.11 0.10 0.11 + 0.00 0.13 0.00 0.04 0.02 0.04 + 0.01 0.08 0.02 0.08 0.05 0.06 - 0.00 0.16 0.05 0.11 0.08 0.09 - 0.02 0.21 0.08 0.11 0.08 0.08 - 0.07 0.31 0.01 0.15 0.10 0.13 - 0.03 0.44 0.08 0.04 0.04 0.04 unch 0.00 0.07 0.02 0.04 0.04 0.04 unch 0.00 0.10 0.04 0.13 0.07 0.09 - 0.01 0.21 0.07 0.19 0.10 0.12 - 0.02 0.27 0.10 2.96 2.10 2.23 - 0.29 5.62 2.10 4.19 2.88 3.29 - 0.19 7.47 2.88 0.12 0.09 0.10 - 0.03 0.23 0.09 0.08 0.07 0.07 - 0.02 0.17 0.06 0.14 0.10 0.13 + 0.02 0.28 0.08 0.10 0.07 0.09 + 0.01 0.21 0.06 0.05 0.03 0.05 + 0.01 0.21 0.03 0.25 0.16 0.17 - 0.03 0.40 0.12 0.18 0.10 0.14 unch 0.00 0.31 0.00 0.03 0.03 0.03 unch 0.00 0.31 0.00 0.05 0.03 0.03 - 0.02 0.43 0.03 0.05 0.05 0.05 + 0.01 0.15 0.04 0.48 0.00 0.43 + 0.13 0.80 0.30 6.23 3.68 6.05 + 1.85 9.57 2.20 4.27 2.51 4.09 + 1.17 7.23 1.63 0.00 0.00 0.00 unch 0.00 0.05 0.00 0.55 0.32 0.43 + 0.04 1.52 0.32 0.39 0.23 0.25 - 0.04 1.13 0.23 0.25 0.00 0.22 - 0.04 0.50 0.08 0.21 0.15 0.15 - 0.05 0.35 0.04 0.09 0.09 0.09 unch 0.00 0.15 0.06 0.08 0.04 0.06 + 0.01 0.08 0.04 0.02 0.01 0.01 - 0.01 0.04 0.01 0.10 0.10 0.10 unch 0.00 0.50 0.05 0.04 0.03 0.04 - 0.01 0.08 0.02 0.07 0.04 0.05 + 0.00 0.12 0.04 0.00 0.00 0.15 unch 0.00 0.22 0.00 0.08 0.00 0.08 unch 0.00 0.35 0.06 0.08 0.05 0.05 - 0.03 0.13 0.05 0.12 0.08 0.08 - 0.04 0.24 0.08 0.09 0.05 0.06 - 0.02 0.18 0.05 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.03 0.02 0.03 - 0.01 0.06 0.02 0.00 0.00 0.16 unch 0.00 0.16 0.08 0.03 0.02 0.03 unch 0.00 0.11 0.02 0.12 0.09 0.11 + 0.01 0.28 0.01 0.17 0.12 0.15 + 0.01 0.38 0.12 0.03 0.03 0.03 unch 0.00 0.15 0.00 0.10 0.10 0.10 unch 0.00 0.44 0.10 0.97 0.67 0.87 - 0.07 1.49 0.66 0.64 0.53 0.61 - 0.06 1.14 0.50 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.34 0.34 0.34 unch 0.00 0.34 0.30 0.03 0.02 0.03 + 0.01 0.11 0.02 0.04 0.03 0.04 unch 0.00 0.13 0.03 0.00 0.00 0.53 unch 0.00 0.74 0.38 0.31 0.25 0.26 - 0.06 1.46 0.25 0.04 0.03 0.03 - 0.01 0.19 0.03 0.02 0.02 0.02 - 0.00 0.16 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.03 0.00 0.03 - 0.00 0.04 0.02 0.00 0.00 0.01 unch 0.00 0.07 0.01 0.02 0.02 0.02 unch 0.00 0.11 0.02 0.18 0.15 0.16 unch 0.00 0.28 0.05 0.13 0.10 0.11 - 0.01 0.22 0.04 0.07 0.06 0.07 unch 0.00 0.17 0.06 0.17 0.17 0.17 unch 0.00 0.32 0.17 2.85 1.76 1.93 - 0.53 4.54 1.57 0.07 0.05 0.07 - 0.00 0.28 0.05 0.10 0.08 0.09 - 0.01 0.38 0.08 0.06 0.05 0.05 - 0.01 0.25 0.04 0.09 0.07 0.09 - 0.01 0.30 0.07 0.02 0.01 0.02 + 0.01 0.07 0.01 0.00 0.00 0.08 unch 0.00 0.24 0.08 2.21 1.40 1.66 - 0.03 3.51 1.21 1.55 0.55 1.50 - 0.02 1.92 0.52 0.02 0.01 0.01 unch 0.00 0.03 0.01 0.24 0.22 0.22 - 0.02 0.30 0.17 0.84 0.57 0.69 - 0.03 1.89 0.57 0.60 0.42 0.49 - 0.07 1.45 0.42 0.04 0.00 0.04 + 0.01 0.07 0.02 0.02 0.01 0.02 + 0.00 0.05 0.01 0.10 0.08 0.08 - 0.02 0.22 0.06 1.38 0.99 1.17 - 0.48 2.79 0.99 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.02 0.01 0.01 - 0.01 0.05 0.01 0.04 0.03 0.03 - 0.01 0.09 0.03 0.04 0.04 0.04 unch 0.00 0.06 0.01 0.06 0.05 0.05 unch 0.00 0.08 0.02 2.45 1.80 2.02 - 0.37 10.42 1.66

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

HudBay Min* N 5082 Hudson Res V 515 Hudson Res* O 349 Hunt Mng* O 21 Hunt Mng V 182 Hybrid Mineral V 0

1.74 1.23 1.39 - 0.34 7.83 1.23 0.09 0.07 0.08 - 0.01 0.45 0.07 0.08 0.05 0.06 - 0.01 0.38 0.05 0.04 0.02 0.04 + 0.01 0.12 0.00 0.05 0.04 0.04 - 0.01 0.14 0.04 0.00 0.00 0.03 unch 0.00 0.09 0.01

I-Minerals* O 47 I-Minerals V 78 IAMGOLD T 33675 61680 IAMGOLD* N Icon Explor* O 1 Iconic Mnls * O 137 Iconic Mnls V 145 Idaho Champion C 1125 Idaho Champion* O 433 IEMR Res V 330 IMC Intl Mng* O 539 IMC Intl Mng C 628 iMetal Res* O 55 iMetal Res V 4944 IMPACT Silver V 2167 28 Impala Platnm* O Imperial Metal T 114 Imperial Metal* O 30 Imperial Mg Gr V 241 10 Inca One Gold* O Inca One Gold V 43 Inception Mng * O 271 Independence G V 338 O 25 Independence G* Indiana Res* O 4 Indigo Expl V 50 Infinite Ore* O 18 Infinite Ore V 569 Inomin Mines V 2 Inspiration Mg* O 0 Intact Gold V 97 Integra Res* O 740 Integra Res V 1309 V 149 Inter-Rock Mnl Intercontinent V 37 O 29 Intercontinent* Intl Battery* O 336 Intl Battery C 174 Intl Bethl Mng V 659 2 Intl Bethl Mng* O Intl Cobalt* O 53 Intl Cobalt C 632 Intl Lithium* O 144 Intl Lithium V 396 Intl Millm Mng V 100 Intl Montoro* O 145 Intl Montoro V 744 Intl Prospect * O 150 Intl Prospect V 150 Intl Samuel Ex V 25 Intl Star* O 11702 Intl Tower Hil* X 1045 Intl Tower Hil T 178 Intl Zeolite V 957 Intl Zeolite* O 87 Intrepid Pots* N 4167 INV Metals* O 62 INV Metals T 408 75 Inventus Mg * O Inventus Mg V 654 InZinc Mining V 1525 InZinc Mining* O 100 Irving Res* O 701 Irving Res C 749 IsoEnergy Ltd V 540 Itafos* O 9 Itafos V 34 Itoco Inc* O 63 O 1665 Ivanhoe Mines* Ivanhoe Mines T 11193 Jade Leader* O 468 Jade Leader V 387 4 Jaeger Res * O Jaeger Res V 45 Jaguar Mng T 2519 Jaguar Mng* O 596 Japan Gold V 658 Japan Gold* O 748 V 69 Jasper Mining Jaxon Mining* O 0 Jaxon Mining V 147 Jayden Res V 296 Jazz Res V 100 JDF Explor Inc C 443 Jervois Mining V 1203 Jervois Mining* O 1497 Jiulian Res V 803 Josemaria Res* O 3 T 200 Josemaria Res Joshua Gold* O 33 Jourdan Res V 620 Jubilee Gold V 80 Jubilee Metals* O 142 V 605 Juggernaut Exp Juggernaut Exp* O 3 Jupiter Gold* O 17 K2 Gold V 58 K92 Mining* O 3196 K92 Mining V 23163 Kaizen Discov V 206 Kaizen Discvry* O 0 Kal Minerals C 26 Karam Min C 776 Karnalyte Res T 63 Karoo Expl V 8 KAT Expl* O 97622 Katanga Mng T 2688 Kenadyr Mining V 242 Kenadyr Mining* O 50 Kermode Res V 3 Kerr Mines* O 232 Kerr Mines T 617 V 285 Kesselrun Res Kesselrun Res* O 6 Kestrel Gold V 141 Kilo Goldmines V 2819 O 49 Kilo Goldmines* Kincora Copper* O 37 Kincora Copper V 291 King Global* O 3 King Global V 229 Kingsmen Res* O 19 Kingsmen Res V 91 Kinross Gold T 78707 162482 Kinross Gold* N Kintavar Exp V 389 Kirkland Lake* N 17916 Kirkland Lake T 16557 Klondike Gold* O 188 Klondike Gold V 571 Klondike Silv* O 221 Klondike Silv V 370 Kombat Copper* O 12 Kombat Copper V 661 Komet Resource V 62 Kootenay Silvr* O 652 Kootenay Silvr V 3823 Kootenay Zinc C 294 Kootenay Zinc* O 91 Kore Mining * O 76 Kore Mining V 268 Kutcho Copper * O 70 KWG Res* O 1 KWG Res C 1288

0.02 0.01 0.01 - 0.01 0.14 0.01 0.03 0.02 0.03 - 0.01 0.19 0.02 4.09 2.00 2.93 + 0.30 5.55 2.00 2.84 1.44 2.00 + 0.12 4.17 1.44 0.04 0.00 0.01 - 0.03 0.11 0.01 0.04 0.03 0.03 - 0.01 0.11 0.03 0.05 0.04 0.05 unch 0.00 0.14 0.04 0.10 0.07 0.08 - 0.01 0.14 0.04 0.10 0.05 0.06 - 0.01 0.10 0.04 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.39 0.28 0.32 - 0.02 0.50 0.20 0.50 0.45 0.47 + 0.02 0.50 0.15 0.03 0.01 0.01 - 0.02 0.12 0.01 0.05 0.02 0.03 - 0.03 0.16 0.02 0.35 0.22 0.30 + 0.02 0.68 0.22 0.00 0.00 9.46 unch 0.00 10.60 4.75 1.40 0.99 1.10 - 0.23 3.26 0.99 1.09 0.70 0.76 - 0.27 2.36 0.70 0.04 0.03 0.04 - 0.02 0.11 0.03 0.15 0.12 0.14 - 0.03 0.20 0.01 0.20 0.18 0.20 + 0.01 0.50 0.16 0.04 0.03 0.04 - 0.01 0.55 0.03 0.04 0.03 0.03 + 0.01 0.09 0.03 0.02 0.02 0.02 + 0.00 0.06 0.00 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.04 0.03 0.03 unch 0.00 0.08 0.01 0.04 0.03 0.03 - 0.01 0.11 0.03 0.00 0.00 0.03 unch 0.00 0.05 0.02 0.00 0.00 0.00 unch 0.00 0.03 0.00 0.04 0.03 0.03 - 0.01 0.09 0.03 0.64 0.40 0.48 - 0.08 1.07 0.40 0.90 0.61 0.67 - 0.11 1.42 0.61 0.25 0.20 0.20 unch 0.00 0.35 0.19 0.28 0.24 0.24 - 0.04 0.33 0.09 0.20 0.00 0.18 - 0.03 0.25 0.07 0.11 0.05 0.06 - 0.00 0.13 0.03 0.09 0.08 0.09 unch 0.00 0.18 0.05 0.02 0.01 0.02 + 0.01 0.10 0.01 0.00 0.00 0.02 unch 0.00 0.04 0.01 0.01 0.00 0.00 unch 0.00 0.03 0.00 0.01 0.01 0.01 + 0.01 0.04 0.01 0.03 0.02 0.02 - 0.00 0.05 0.02 0.05 0.03 0.04 unch 0.00 0.07 0.03 0.02 0.01 0.02 + 0.01 0.02 0.01 0.02 0.00 0.02 - 0.00 0.05 0.01 0.03 0.02 0.02 - 0.01 0.07 0.02 0.06 0.06 0.06 - 0.01 0.11 0.05 0.08 0.08 0.08 - 0.03 0.18 0.07 0.08 0.07 0.07 unch 0.00 0.30 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.44 0.33 0.38 + 0.02 0.72 0.33 0.58 0.44 0.56 + 0.11 0.94 0.43 0.04 0.03 0.03 - 0.01 0.14 0.03 0.03 0.02 0.02 - 0.02 0.11 0.02 1.15 0.76 0.98 - 0.17 3.97 0.76 0.18 0.14 0.18 - 0.00 0.48 0.14 0.26 0.18 0.19 - 0.05 0.66 0.19 0.09 0.08 0.09 + 0.01 0.15 0.05 0.14 0.12 0.12 - 0.01 0.21 0.07 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.01 0.01 0.01 - 0.00 0.04 0.01 1.82 1.02 1.21 + 0.03 3.48 1.02 2.57 1.45 1.79 + 0.17 4.60 1.45 0.32 0.23 0.25 - 0.05 0.79 0.23 0.27 0.25 0.27 + 0.00 1.23 0.25 0.41 0.25 0.25 - 0.15 1.63 0.21 0.09 0.05 0.07 - 0.02 0.90 0.05 1.75 1.40 1.50 - 0.34 3.46 1.35 2.53 2.04 2.19 - 0.38 4.54 1.80 0.07 0.02 0.07 + 0.02 0.27 0.02 0.10 0.04 0.08 + 0.01 0.35 0.04 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.20 0.13 0.16 - 0.03 0.30 0.07 0.14 0.09 0.11 - 0.01 0.22 0.05 0.29 0.21 0.26 - 0.04 0.45 0.17 0.20 0.12 0.18 - 0.04 0.34 0.12 0.04 0.04 0.04 unch 0.00 0.25 0.01 0.05 0.05 0.05 unch 0.00 0.06 0.02 0.05 0.04 0.05 + 0.01 0.09 0.03 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.22 0.20 0.20 - 0.02 0.44 0.20 0.11 0.08 0.09 + 0.02 0.71 0.01 0.15 0.11 0.14 - 0.01 0.25 0.11 0.12 0.07 0.10 - 0.01 0.21 0.07 0.02 0.02 0.02 + 0.01 0.12 0.01 0.34 0.34 0.34 - 0.07 0.91 0.34 0.55 0.46 0.52 + 0.02 1.22 0.46 0.15 0.06 0.15 + 0.05 0.40 0.06 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.47 0.38 0.47 unch 0.00 0.95 0.38 0.05 0.03 0.03 - 0.02 0.07 0.03 0.18 0.00 0.17 - 0.01 1.25 0.10 0.08 0.08 0.08 unch 0.00 1.02 0.06 0.97 0.90 0.97 unch 0.00 2.00 0.25 0.16 0.11 0.14 + 0.01 0.37 0.11 2.08 1.12 1.90 + 0.27 3.50 0.90 2.99 1.55 2.80 + 0.55 4.47 1.24 0.05 0.04 0.04 unch 0.00 0.08 0.03 0.00 0.00 0.06 unch 0.00 0.06 0.02 0.16 0.16 0.16 + 0.01 0.25 0.08 0.16 0.00 0.14 unch 0.00 0.17 0.03 0.19 0.12 0.14 unch 0.00 0.26 0.11 0.15 0.00 0.15 + 0.01 1.65 0.04 0.00 0.00 0.00 - 0.00 0.00 0.00 0.07 0.06 0.07 - 0.01 0.55 0.06 0.05 0.03 0.05 + 0.02 0.11 0.03 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.00 0.00 0.01 unch 0.00 0.02 0.01 0.09 0.06 0.08 + 0.00 0.21 0.07 0.12 0.10 0.11 + 0.01 0.27 0.10 0.04 0.03 0.04 + 0.01 0.07 0.03 0.02 0.02 0.02 + 0.00 0.03 0.02 0.02 0.02 0.02 - 0.01 0.04 0.01 0.01 0.01 0.01 - 0.01 0.02 0.01 0.00 0.00 0.00 - 0.01 0.01 0.00 0.03 0.02 0.03 + 0.00 0.11 0.02 0.04 0.03 0.04 unch 0.00 0.16 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.00 0.03 0.02 0.02 - 0.01 0.10 0.01 0.09 0.08 0.09 + 0.01 0.52 0.01 0.11 0.00 0.10 - 0.02 0.70 0.07 6.99 4.00 5.20 + 0.39 8.30 4.00 4.94 2.72 3.61 + 0.14 6.27 2.72 0.08 0.05 0.08 + 0.01 0.22 0.05 31.12 18.03 25.51 + 2.41 51.08 18.03 44.02 25.67 36.75 + 4.81 67.87 25.67 0.14 0.10 0.13 - 0.01 0.35 0.10 0.21 0.14 0.18 - 0.02 0.45 0.14 0.02 0.01 0.01 - 0.01 0.04 0.01 0.03 0.02 0.03 + 0.01 0.05 0.02 0.05 0.05 0.05 - 0.00 0.15 0.05 0.09 0.06 0.08 unch 0.00 0.22 0.05 0.07 0.05 0.07 - 0.01 0.20 0.05 0.13 0.08 0.10 - 0.03 0.27 0.08 0.18 0.12 0.13 - 0.05 0.35 0.11 0.06 0.02 0.03 - 0.03 0.18 0.02 0.04 0.01 0.01 - 0.03 0.12 0.01 0.14 0.09 0.13 + 0.01 0.31 0.09 0.21 0.15 0.19 + 0.03 0.41 0.15 0.06 0.03 0.06 - 0.00 0.24 0.03 0.00 0.00 0.00 - 0.01 0.01 0.00 0.01 0.01 0.01 unch 0.00 0.02 0.01

La Imperial C 11 Labrador Gold* O 100 Labrador Gold V 305 Labrador IMH* O 154 Labrador IOR T 3091 Labrador IOR* O 11 Lake Forest Mi* O 0 Lake Resources* O 67 Lara Expl V 179 Laramide Res T 1117 Laredo Res* O 3687 Largo Res T 2423 Largo Res* O 2176 Lasalle Explor V 351 Latin American V 63 Latin American* O 3 Latin Metals V 403 Latin Metals* O 111 Laurion Mnl Ex* O 25 Laurion Mnl Ex V 188

0.02 0.02 0.02 unch 0.00 0.12 0.01 0.12 0.12 0.12 - 0.02 0.18 0.09 0.17 0.10 0.12 - 0.01 0.26 0.10 0.02 0.00 0.02 - 0.00 0.20 0.00 16.42 13.25 14.41 - 1.94 36.01 13.25 11.36 0.00 9.71 - 1.39 27.20 9.71 0.00 0.00 5.00 unch 0.00 7.00 2.00 0.03 0.02 0.02 - 0.01 0.32 0.02 0.59 0.45 0.55 + 0.07 0.76 0.43 0.15 0.10 0.11 - 0.03 0.46 0.10 0.00 0.00 0.00 + 0.00 0.01 0.00 0.79 0.62 0.67 - 0.07 2.55 0.56 0.55 0.42 0.46 - 0.06 1.90 0.40 0.10 0.09 0.09 - 0.03 0.18 0.09 0.01 0.01 0.01 + 0.01 0.02 0.01 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.06 0.05 0.05 - 0.03 0.15 0.05 0.06 0.06 0.06 unch 0.00 0.11 0.02 0.10 0.10 0.10 - 0.00 0.16 0.06 0.15 0.12 0.15 unch 0.00 0.22 0.08

I-J-K

L

(100s) Stock

Week

21

12-month

Exc Volume High Low Last Change High Low

Leading Edge* O 452 Leading Edge V 355 Leagold Mg* O 2917 Leagold Mg T 10735 Leeta Gold V 22047 Legion Metals C 1947 Leo Res* O 2 Lepanto Con Mg* O 132 Libero Copper* O 975 Libero Copper V 901 Liberty Gold* O 2850 Liberty One Li V 102 Liberty One Li* O 301 Lightspeed Dis V 0 Lincoln Mng V 15 Lion One Mtls V 2213 Lion One Mtls* O 1448 27 Lions Bay Mg * O Lions Bay Mg C 3 N 3706 Lithium Amer* Lithium Amer T 2157 Lithium Chile V 30 Lithium Chile* O 78 Lithium Corp* O 411 Lithium Energi* O 30 V 239 Lithium Energi Lithoquest Dia V 135 Lithoquest Dia* O 21 LKA Gold* O 25 O 226 Lode-Star Mg* Lodge Res C 184 Logan Res V 317 Logan Res* O 5 Lomiko Mtls* O 421 Lomiko Mtls V 3093 Loncor Res* O 106 Loncor Res T 285 8 Lone Star Gold* O Los Andes V 12 Los Andes* O 1 Lucara Diam T 1652 Lucky Min V 161 Lucky Min* O 72 Luckystrike * O 1 Luckystrike V 23 Lumina Gold* O 422 Lumina Gold V 455 Luminex Res V 95 Lundin Gold T 12441 Lundin Mng* O 722 Lundin Mng T 27249 Lupaka Gold * O 0 Lupaka Gold V 180 Lydian Intl* O 50 Lynas Corp* O 511 Lynas Corp* O 549

0.05 0.03 0.05 - 0.00 0.30 0.03 0.07 0.01 0.07 unch 0.00 0.40 0.01 2.05 1.58 1.87 unch 0.00 3.35 1.04 2.80 2.22 2.60 unch 0.00 4.44 1.41 0.24 0.14 0.19 unch 0.00 0.82 0.08 0.20 0.15 0.16 - 0.05 0.83 0.15 0.00 0.00 0.00 + 0.00 0.07 0.00 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.03 0.04 + 0.00 0.18 0.02 0.07 0.04 0.06 + 0.01 0.23 0.03 0.56 0.38 0.47 - 0.04 1.09 0.24 0.05 0.04 0.05 + 0.01 0.14 0.04 0.04 0.02 0.03 + 0.01 0.11 0.02 0.00 0.00 0.08 unch 0.00 0.15 0.08 0.09 0.07 0.07 unch 0.00 0.20 0.05 0.94 0.72 0.77 - 0.10 2.14 0.57 0.68 0.50 0.53 - 0.12 1.64 0.42 0.08 0.05 0.06 - 0.03 0.14 0.01 0.07 0.00 0.07 - 0.03 0.20 0.03 3.17 1.92 2.14 - 1.15 6.03 1.92 4.40 2.90 3.10 - 1.56 8.00 2.90 0.13 0.12 0.13 unch 0.00 0.64 0.12 0.10 0.07 0.08 - 0.02 0.45 0.08 0.10 0.07 0.08 - 0.02 0.20 0.05 0.05 0.03 0.03 - 0.02 0.16 0.01 0.09 0.03 0.05 - 0.03 0.24 0.03 0.04 0.03 0.04 + 0.01 0.11 0.03 0.03 0.03 0.03 - 0.00 0.08 0.03 0.09 0.08 0.09 - 0.00 0.20 0.06 0.11 0.07 0.07 - 0.07 0.28 0.03 0.44 0.30 0.34 - 0.11 0.60 0.11 0.03 0.03 0.03 unch 0.00 0.24 0.02 0.02 0.02 0.02 - 0.02 0.12 0.02 0.02 0.01 0.01 - 0.01 0.06 0.01 0.03 0.02 0.02 - 0.01 0.09 0.02 0.36 0.22 0.22 - 0.13 0.64 0.09 0.42 0.32 0.36 - 0.10 0.88 0.12 0.80 0.00 0.41 - 0.31 1.41 0.10 0.28 0.21 0.27 - 0.02 0.52 0.20 0.14 0.14 0.14 unch 0.00 0.40 0.14 0.60 0.41 0.41 - 0.12 1.76 0.41 0.02 0.02 0.02 unch 0.00 0.12 0.01 0.02 0.01 0.01 + 0.00 0.08 0.01 0.29 0.00 0.29 unch 0.00 1.75 0.10 0.30 0.00 0.27 - 0.03 2.40 0.13 0.43 0.29 0.38 - 0.05 0.60 0.29 0.59 0.46 0.54 - 0.05 0.80 0.46 0.55 0.41 0.53 unch 0.00 1.02 0.41 8.55 5.82 8.00 + 0.55 13.49 5.02 4.43 2.94 3.08 - 1.13 6.34 2.94 5.85 4.21 4.40 - 1.42 8.08 4.38 0.00 0.00 0.01 unch 0.00 0.06 0.00 0.01 0.01 0.01 unch 0.00 0.10 0.01 0.00 0.00 0.00 unch 0.00 0.16 0.00 0.79 0.58 0.75 - 0.07 2.29 0.58 0.79 0.55 0.76 - 0.02 2.33 0.55

M M.P.V. Explor C 375 0.14 0.09 0.09 unch 0.00 0.18 0.06 Macarthur Min V 244 0.09 0.08 0.08 - 0.01 0.66 0.08 O 90 0.07 0.05 0.05 - 0.01 1.24 0.05 Macarthur Min* MacDonald Mns* O 284 0.05 0.04 0.04 - 0.00 0.16 0.02 V 1691 0.07 0.05 0.06 - 0.01 0.21 0.03 MacDonald Mns MAG Silver T 5800 13.05 5.33 11.23 + 4.14 18.60 5.33 Magellan Gold* O 23 0.50 0.25 0.25 - 0.13 2.81 0.35 Magna Gold V 262 0.40 0.39 0.40 unch 0.00 0.55 0.19 0.02 Magna Gold* O 68 0.51 0.22 0.29 + 0.02 0.51 Magnum Goldco V 110 0.04 0.00 0.03 - 0.01 0.14 0.03 Majestic Gold* O 104 0.03 0.03 0.03 unch 0.00 0.05 0.03 Majestic Gold V 247 0.05 0.04 0.04 unch 0.00 0.07 0.04 0.27 Makena Res* O 68 0.37 0.27 0.32 - 0.09 2.18 0.07 Mako Mining* O 1290 0.25 0.18 0.22 + 0.01 0.33 Mako Mining V 1552 0.36 0.25 0.33 + 0.02 0.44 0.09 Mammoth Res V 334 0.03 0.02 0.02 - 0.02 0.05 0.02 T 190 0.75 0.51 0.67 + 0.06 1.57 0.46 Mandalay Res Mandalay Res* O 26 0.50 0.39 0.48 + 0.06 1.12 0.05 O 0 0.00 0.00 0.05 unch 0.00 0.13 0.04 Manganese X* Manganese X V 351 0.08 0.06 0.08 - 0.01 0.18 0.06 V 307 0.07 0.06 0.07 - 0.01 0.13 0.03 Mangazeya Mng Mangazeya Mng* O 20 0.03 0.00 0.03 unch 0.00 0.09 0.01 Manitou Gold * O 370 0.04 0.03 0.03 - 0.01 0.06 0.02 0.02 Manitou Gold V 1300 0.06 0.04 0.04 - 0.02 0.08 Maple Gold V 1736 0.06 0.05 0.06 + 0.01 0.12 0.04 Maple Gold* O 1418 0.05 0.03 0.04 + 0.00 0.09 0.03 Marathon Gold* O 766 0.69 0.52 0.66 - 0.06 1.34 0.52 T 2772 1.00 0.71 0.96 - 0.04 1.76 0.71 Marathon Gold O 100 0.03 0.03 0.03 unch 0.00 0.06 0.02 Margaret Lake* Margaret Lake V 362 0.03 0.02 0.03 unch 0.00 0.08 0.02 Margaux Res V 619 0.06 0.05 0.06 unch 0.00 0.12 0.04 Margaux Res* O 5 0.04 0.04 0.04 unch 0.00 0.08 0.03 Marifil Mines* O 239 0.03 0.02 0.03 + 0.00 0.14 0.02 0.03 Marifil Mines V 263 0.04 0.03 0.04 + 0.01 0.18 Mariner Res C 100 0.16 0.16 0.16 unch 0.00 0.20 0.15 Maritime Res V 530 0.06 0.05 0.06 unch 0.00 0.12 0.05 MartinMarietta* N 5954 189.27 135.08 153.62 - 44.63 281.82 135.08 Mas Gold V 132 0.05 0.03 0.04 - 0.01 0.16 0.03 0 0.00 0.00 2.43 unch 0.00 50.00 1.21 Mascota Res* O Mason Graphite* O 750 0.13 0.08 0.10 - 0.02 0.35 0.08 Mason Graphite V 1670 0.17 0.12 0.16 - 0.02 0.47 0.12 Matachewan Con V 35 0.12 0.10 0.10 - 0.02 0.17 0.10 Matica Ent C 2429 0.03 0.02 0.02 - 0.01 0.12 0.02 0.00 Matmown* O 47 0.03 0.01 0.01 - 0.01 0.03 T 349 4.88 3.10 4.26 + 0.26 7.30 3.10 Maverix Metals Maverix Metals* X 619 3.46 2.51 2.93 + 0.03 5.72 1.75 Mawson Res* O 39 0.14 0.11 0.14 + 0.01 0.23 0.09 Mawson Res T 310 0.21 0.16 0.18 - 0.01 0.31 0.13 MAX Res V 76 0.08 0.00 0.08 - 0.02 2.10 0.07 MaxTech Vent* O 48 0.05 0.02 0.04 - 0.00 0.09 0.02 MaxTech Vent C 138 0.06 0.03 0.06 unch 0.00 0.13 0.03 Maxwell Res* O 8 0.06 0.00 0.06 unch 0.00 4.54 0.05 Maya Gold &Sil* O 3 0.70 0.00 0.70 - 0.02 1.71 0.66 Maya Gold &Sil T 240 1.15 0.85 0.99 + 0.04 2.35 0.82 Mazarin V 222 0.06 0.06 0.06 unch 0.00 0.13 0.04 MBMI Res* O 0 0.00 0.00 0.04 unch 0.00 0.10 0.01 MBMI Res V 31 0.12 0.00 0.11 - 0.01 0.23 0.04 McEwen Mng* N 36186 0.92 0.53 0.58 - 0.05 2.14 0.53 McEwen Mng T 4288 1.29 0.76 0.81 - 0.05 2.84 0.76 McLaren Res C 162 0.04 0.00 0.03 - 0.01 0.05 0.01 MDN Inc* O 0 0.00 0.00 0.20 unch 0.00 0.40 0.11 Mechel* N 1019 1.70 1.28 1.30 - 0.35 3.43 1.28 Medallion Res V 1769 0.07 0.05 0.05 - 0.02 0.28 0.05 Medallion Res* O 778 0.06 0.03 0.04 - 0.01 0.21 0.03 Medgold Res V 113 0.05 0.00 0.05 unch 0.00 0.17 0.03 Medgold Res* O 415 0.03 0.02 0.02 - 0.01 0.10 0.02 Medinah Mnrls* O 6580 0.00 0.00 0.00 unch 0.00 0.00 0.00 Mega Copper V 1 0.00 0.00 0.06 unch 0.00 0.16 0.06 Mega Uranium* O 148 0.05 0.03 0.04 - 0.01 0.09 0.03 Mega Uranium T 880 0.07 0.05 0.06 - 0.01 0.12 0.05 Megastar Dev V 194 0.09 0.00 0.07 - 0.03 0.19 0.05 Megastar Dev* O 149 0.06 0.05 0.06 + 0.01 0.12 0.05 MegumaGold C 334 0.11 0.09 0.10 + 0.02 0.21 0.06 O 371 0.06 0.06 0.06 + 0.00 0.15 0.03 MegumaGold* Melkior Res V 319 0.11 0.06 0.10 - 0.02 0.65 0.06 Melkior Res* O 25 0.11 0.11 0.11 unch 0.00 0.15 0.01 Merger Mines* O 0 0.00 0.00 25.00 unch 0.00 Meridian Mg V 60 0.06 0.06 0.06 + 0.01 0.22 0.04 Meryllion Res C 111 0.01 0.00 0.01 unch 0.00 0.02 0.01 MetalCorp V 1195 0.02 0.00 0.02 unch 0.00 0.04 0.01 MetalCorp* O 3 0.01 0.01 0.01 - 0.02 0.03 0.00 Metalex Vent V 625 0.02 0.02 0.02 unch 0.00 0.08 0.02 Metalex Vent * O 110 0.02 0.02 0.02 - 0.00 0.03 0.01 Metalla Rylty V 624 6.70 4.06 5.89 + 1.04 8.69 3.68 Metallic Mnrls V 654 0.17 0.10 0.14 + 0.01 0.31 0.10 O 179 0.12 0.08 0.10 + 0.00 0.24 0.08 Metallic Mnrls* Metallica Min* O 67 0.01 0.01 0.01 unch 0.00 0.01 0.01 0.11 Metallis Res V 199 0.16 0.11 0.14 - 0.02 0.99 Metalo Manuf C 3 0.20 0.20 0.20 unch 0.00 0.40 0.10 Metalore Res V 1 1.70 1.50 1.50 - 0.20 2.60 0.89 Metalore Res* O 0 0.00 0.00 1.80 unch 0.00 1.80 0.71 Metals Creek* O 25 0.03 0.02 0.03 + 0.01 0.04 0.02 Metals Creek V 193 0.03 0.03 0.03 - 0.01 0.06 0.03 Metals X* O 3 0.03 0.00 0.03 - 0.02 0.20 0.03 Metron Capital V 49 0.35 0.22 0.30 - 0.05 0.42 0.06 Mexican Gold* O 27 0.03 0.01 0.03 - 0.00 0.14 0.01 Mexivada Mng* O 51 0.00 0.00 0.00 unch 0.00 0.00 0.00 Mexus Gold* O 17213 0.00 0.00 0.00 - 0.00 0.03 0.00 MGX Minerals* O 347 0.06 0.05 0.06 + 0.00 0.28 0.03 C 800 0.08 0.07 0.08 - 0.01 0.38 0.04 MGX Minerals Mich Resources C 215 0.21 0.15 0.21 - 0.01 0.50 0.08 Midas Gold T 1149 0.45 0.24 0.36 + 0.01 0.91 0.24 Midas Gold* O 1614 0.33 0.16 0.25 + 0.00 0.68 0.16 Midasco Cap V 30 0.08 0.08 0.08 unch 0.00 0.15 0.08 Midland Expl V 238 0.63 0.46 0.50 - 0.05 1.46 0.46 Midnight Sun* O 61 0.06 0.06 0.06 - 0.02 0.11 0.06 Midnight Sun V 154 0.10 0.03 0.08 - 0.02 0.14 0.03 Millennial Lit* O 34 0.61 0.38 0.52 - 0.21 1.50 0.38 Millennial Lit V 229 0.88 0.61 0.71 - 0.31 1.92 0.61 Millrock Res* O 1101 0.10 0.06 0.08 - 0.01 0.16 0.05 Millrock Res V 818 0.14 0.09 0.12 unch 0.00 0.21 0.07 Milner Con Slv V 150 0.02 0.02 0.02 unch 0.00 0.08 0.02 Minaurum Gold V 1123 0.38 0.22 0.28 - 0.07 0.55 0.22 Minaurum Gold* O 1183 0.26 0.16 0.19 - 0.06 0.43 0.16 Minco Silver T 478 0.41 0.20 0.32 - 0.06 0.99 0.20 Minco Silver* O 106 0.29 0.14 0.23 - 0.01 0.73 0.14 Minera Alamos * O 4309 0.18 0.11 0.15 - 0.00 0.27 0.07

2020-03-21 4:00 PM

22

WWW.NORTHERNMINER.COM

MARCH 30–APRIL 12, 2020 / 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

Minera Alamos V 5426 Minera IRL* O 20 Minera IRL C 159 Mineral Mtn V 1111 Mineral Mtn* O 277 Mineral Res* O 0 MineralRite* O 17086 Mineworx Tech V 1893 O 612 Mineworx Tech* Minfocus Expl V 91 Minfocus Expl* O 1 Mining Global* O 250 Minnova Corp V 44 Minsud Res V 14 Miramont Res* O 132 Miramont Res C 179 Mirasol Res V 396 Mistango River C 104 Mkango Res V 50 ML Gold* O 14 ML Gold Corp V 211 O 145 Monarca Mnrls* Monarca Mnrls V 393 Monarch Gold T 675 O 442 Monarch Gold* Moneta Porcpn* O 272 Moneta Porcpn T 1433 0 Monitor Vent V Monitor Vent* O 1 Monterey Min C 1150 Montero Mg&Ex V 394 Monument Mng V 1306 Morien Res* O 69 Morien Res V 285 N 47221 Mosaic* Mountain Boy V 69 Mountain Boy* O 44 O 83 Mountain Prov* Mountain Prov T 1209 O 286 Mundoro Cap* Mundoro Cap V 727 Murchison Min V 164 10829 MX Gold V MX Gold* O 136

0.24 0.16 0.22 + 0.02 0.33 0.10 0.09 0.09 0.09 unch 0.00 0.15 0.09 0.12 0.10 0.12 + 0.02 0.21 0.05 0.30 0.22 0.25 - 0.05 0.53 0.10 0.21 0.16 0.19 - 0.03 0.43 0.07 11.75 11.75 11.75 unch 0.00 12.00 8.77 0.00 0.00 0.00 + 0.00 0.00 0.00 0.10 0.07 0.09 - 0.01 0.24 0.07 0.07 0.05 0.06 - 0.01 0.18 0.05 0.03 0.03 0.03 - 0.01 0.09 0.02 0.01 0.01 0.01 + 0.00 0.07 0.01 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.08 0.05 0.08 - 0.01 0.20 0.05 0.07 0.07 0.07 unch 0.00 0.15 0.01 0.04 0.03 0.03 - 0.01 0.41 0.03 0.06 0.00 0.06 - 0.01 0.55 0.05 0.40 0.29 0.30 - 0.01 1.03 0.29 0.08 0.04 0.04 - 0.04 0.11 0.01 0.10 0.10 0.10 unch 0.00 0.19 0.09 0.07 0.07 0.07 unch 0.00 0.54 0.06 0.10 0.00 0.10 + 0.01 0.77 0.08 0.02 0.02 0.02 - 0.00 0.06 0.02 0.03 0.02 0.02 - 0.01 0.08 0.02 0.15 0.11 0.13 - 0.01 0.33 0.11 0.11 0.07 0.09 - 0.01 0.24 0.07 0.05 0.04 0.05 - 0.00 0.11 0.04 0.07 0.06 0.07 - 0.01 0.14 0.06 0.00 0.00 0.14 unch 0.00 0.25 0.14 0.08 0.00 0.08 - 0.00 0.22 0.08 0.03 0.03 0.03 - 0.01 0.12 0.03 0.03 0.01 0.03 + 0.01 0.20 0.01 0.06 0.04 0.05 - 0.01 0.07 0.04 0.30 0.26 0.26 - 0.04 0.50 0.25 0.47 0.38 0.39 - 0.01 0.65 0.33 10.57 6.50 9.59 - 1.42 28.12 6.50 0.19 0.18 0.19 - 0.02 0.28 0.16 0.14 0.13 0.13 unch 0.00 0.21 0.11 0.46 0.25 0.25 - 0.27 0.86 0.25 0.65 0.34 0.35 - 0.38 1.65 0.39 0.08 0.06 0.08 + 0.01 0.18 0.00 0.11 0.10 0.10 unch 0.00 0.24 0.10 0.09 0.09 0.09 unch 0.00 0.18 0.04 0.02 0.01 0.01 unch 0.00 0.02 0.01 0.01 0.01 0.01 + 0.01 0.01 0.00

NA Frac Sand* O 1055 NACCO Ind* N 129 Namibia Crit V 270 Namibia Crit* O 250 Napier Vent V 31 Napier Vent* O 28 Natural Res Pt* N 171 O 818 Nautilus Mnrls* Neo Lithium V 1268 Neometals* O 13 Network Expl* O 29 Network Expl V 138 O 62 Nevada Canyon* Nevada Copper T 2546 O 1 Nevada Energy* Nevada Energy V 13 Nevada Expl * O 362 Nevada Expl V 135 Nevada Sunrise* O 61 V 450 Nevada Sunrise Nevada Zinc V 105 Nevado Res V 23 New Age Metals* O 211 New Age Metals V 1473 28 New Carolin Gd* O New Carolin Gd V 196 New Destiny Mg V 21 170 New Dimen Res V New Dimen Res* O 0 1 New Energy Met V 3 New Energy Met* O New Gold T 21597 New Gold* X 38116 50 New Guinea Gld* O New Jersey Mng* O 148 New Klondike* O 0 New Milln Iron* O 7 497 New Milln Iron T New Oroperu V 169 New Pac Metals* O 2051 New Pac Metals V 1614 New Tech Min* O 15 New Tech Min C 154 New World Res* O 0 Newlox Gold C 372 N 65732 Newmont Corp* Newmont Corp T 2516 Newport Expl V 337 Newport Gold* O 90 O 246 NewRange Gold* NewRange Gold V 1393 Nexa Resources T 4 Nexa Resources* N 1241 Nexco Res C 15 Nexgen Energy* X 3061 Nexgen Energy T 3426 NextSource Mat T 3434 Nexus Gold* O 235 Nexus Gold V 1457 NGEx Minerals* O 3 V 40 NGEx Minerals Nickel Creek T 1845 Nickel Creek* O 516 Nickel North V 145 Nicola Mg Inc V 613 Nicola Mg Inc* O 3 Nighthawk Gold* O 69 Nighthawk Gold T 423 Niobay Metals V 164 Niocan Inc V 21 Niocorp Dev T 1282 Niocorp Dev* O 1744 Nippon Dragon V 369 Nippon Dragon* O 30 NKWE Platinum* O 0 Noble Metal V 500 Noble Mineral V 1239 Noble Mineral* O 460 Noka Res* O 391 Noram Vent* O 3 Noram Vent V 175 Noranda Alum* O 7 Noront Res* O 83 Noront Res V 876 Norra Metals V 218 Norseman Cap V 24 Norsemont Cap C 284 O 30 Norsemont Cap* Nortec Mnls V 1 Nortec Mnls* O 1 North Am Nickl* O 96 North Am Nickl V 69 North Arrow Mn* O 200 North Arrow Mn V 176 North Bay Res * O 6926 Northcliff Res T 87 Northern Light C 335 Northern Uran V 470 Northisle C&G V 92 Northisle C&G * O 4 Northstar Gold C 304 Northstar Gold* O 50 Northway Res V 161 Norvista Cap V 94 NorZinc T 1337 NorZinc* O 1060 Nouveau Monde V 2098 Nouveau Monde* O 145 NovaGold Res T 10497 NovaGold Res* X 29742 Novo Res* O 1341 Novo Res V 2044 NQ Minerals Pl* O 50 NRG Metals* O 23 NRG Metals* O 111 NRG Metals V 46 Nrthn Graphite V 253 Nrthn Graphite* O 404 Nrthn Mnrls &E* O 25 Nrthn Shield V 1487 Nrthn Superior* O 11 Nrthn Superior V 1066

0.01 0.00 0.01 - 0.00 0.03 0.00 28.40 22.26 23.00 - 6.00 66.40 22.26 0.13 0.10 0.12 + 0.01 0.31 0.08 0.10 0.06 0.09 + 0.01 0.24 0.06 0.07 0.07 0.07 + 0.02 0.30 0.05 0.05 0.05 0.05 - 0.02 0.28 0.05 11.69 8.50 10.85 - 0.80 44.71 8.50 0.01 0.00 0.01 + 0.00 0.04 0.00 0.52 0.38 0.45 - 0.13 1.13 0.38 0.13 0.13 0.13 unch 0.00 0.20 0.08 0.10 0.06 0.08 - 0.01 0.45 0.06 0.12 0.09 0.10 - 0.03 0.54 0.09 0.03 0.03 0.03 unch 0.00 0.25 0.03 0.18 0.14 0.15 - 0.03 0.45 0.14 0.07 0.03 0.03 - 0.04 0.11 0.03 0.05 0.00 0.04 - 0.03 0.16 0.04 0.14 0.09 0.12 - 0.00 0.30 0.09 0.19 0.13 0.18 + 0.02 0.39 0.13 0.02 0.01 0.01 - 0.01 0.07 0.01 0.03 0.01 0.02 - 0.01 0.10 0.01 0.04 0.03 0.04 + 0.01 0.12 0.03 0.08 0.07 0.08 + 0.01 0.20 0.07 0.05 0.02 0.04 - 0.00 0.11 0.02 0.06 0.05 0.05 unch 0.00 0.15 0.03 0.03 0.02 0.02 - 0.01 0.13 0.02 0.04 0.03 0.04 - 0.01 0.17 0.03 0.02 0.02 0.02 - 0.01 0.17 0.02 0.02 0.00 0.02 unch 0.00 0.06 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.00 0.00 0.04 unch 0.00 0.32 0.02 0.03 0.02 0.03 + 0.03 0.26 0.00 0.98 0.55 0.72 + 0.03 2.03 0.55 0.67 0.39 0.50 + 0.04 1.56 0.39 0.01 0.00 0.01 + 0.00 0.02 0.00 0.16 0.13 0.15 - 0.01 0.20 0.11 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.05 0.04 0.05 unch 0.00 0.10 0.04 0.71 0.55 0.70 + 0.16 0.85 0.23 3.85 1.68 3.23 + 1.23 5.60 1.24 5.40 2.34 4.70 + 1.95 6.98 1.66 0.02 0.00 0.02 unch 0.00 0.03 0.01 0.04 0.02 0.02 unch 0.00 0.05 0.01 0.00 0.00 0.22 unch 0.00 0.22 0.22 0.05 0.03 0.05 + 0.01 0.10 0.03 46.87 33.00 40.56 + 1.06 52.50 29.77 67.50 44.00 57.75 + 2.28 70.41 40.01 0.34 0.25 0.27 - 0.05 0.45 0.25 0.01 0.00 0.00 - 0.00 0.04 0.00 0.08 0.05 0.05 - 0.00 0.15 0.05 0.10 0.08 0.08 - 0.01 0.21 0.08 6.26 4.05 4.05 - 2.39 17.05 4.99 4.62 2.69 2.69 - 1.93 12.80 2.69 0.04 0.03 0.03 unch 0.00 0.07 0.03 0.70 0.50 0.59 - 0.16 1.84 0.50 0.97 0.76 0.83 - 0.20 2.45 0.76 0.03 0.02 0.03 - 0.01 0.11 0.02 0.03 0.02 0.02 - 0.01 0.10 0.02 0.04 0.03 0.04 - 0.01 0.13 0.03 0.21 0.21 0.21 unch 0.00 0.32 0.20 0.32 0.27 0.27 unch 0.00 0.66 0.27 0.05 0.02 0.05 unch 0.00 0.15 0.02 0.03 0.02 0.03 - 0.00 0.10 0.02 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.08 0.04 0.08 unch 0.00 0.14 0.04 0.05 0.00 0.05 - 0.01 0.11 0.05 0.98 0.70 0.92 + 0.11 2.01 0.24 1.46 0.97 1.31 + 0.16 3.65 0.97 0.30 0.22 0.22 - 0.06 0.53 0.15 0.19 0.10 0.14 + 0.01 0.28 0.10 0.68 0.54 0.64 + 0.05 0.94 0.50 0.50 0.38 0.45 + 0.02 0.72 0.36 0.03 0.01 0.03 - 0.01 0.05 0.01 0.02 0.02 0.02 - 0.00 0.04 0.01 0.00 0.00 0.07 unch 0.00 0.07 0.07 0.01 0.01 0.01 unch 0.00 0.01 0.01 0.04 0.03 0.03 - 0.01 0.14 0.03 0.03 0.02 0.03 - 0.01 0.10 0.02 0.04 0.03 0.04 - 0.00 0.20 0.03 0.10 0.10 0.10 unch 0.00 0.14 0.04 0.11 0.10 0.10 - 0.01 0.21 0.05 0.01 0.00 0.00 unch 0.00 0.02 0.00 0.10 0.09 0.09 - 0.02 0.21 0.09 0.16 0.12 0.14 + 0.01 0.28 0.12 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.07 0.00 0.07 unch 0.00 0.13 0.05 0.31 0.25 0.28 unch 0.00 0.43 0.25 0.20 0.20 0.20 unch 0.00 0.29 0.20 0.00 0.00 0.01 unch 0.00 0.05 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.06 0.00 0.06 - 0.00 0.29 0.02 0.10 0.06 0.10 + 0.02 0.35 0.06 0.03 0.03 0.03 + 0.00 0.06 0.03 0.04 0.03 0.04 + 0.01 0.09 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.04 0.05 - 0.01 0.08 0.04 0.03 0.02 0.03 unch 0.00 0.07 0.02 0.01 0.01 0.01 unch 0.00 0.01 0.01 0.04 0.03 0.03 - 0.02 0.11 0.01 0.03 0.02 0.02 unch 0.00 0.06 0.01 0.32 0.26 0.26 - 0.01 0.36 0.19 0.22 0.22 0.22 unch 0.00 0.22 0.22 0.05 0.05 0.05 unch 0.00 0.14 0.05 0.06 0.05 0.06 unch 0.00 0.13 0.05 0.04 0.02 0.04 - 0.01 0.13 0.02 0.03 0.01 0.03 + 0.00 0.10 0.01 0.18 0.13 0.15 - 0.04 0.27 0.13 0.14 0.09 0.11 - 0.03 0.21 0.09 12.73 6.40 9.82 + 1.67 12.95 5.00 8.78 4.65 6.74 + 0.87 9.80 3.69 1.39 1.00 1.08 - 0.04 3.07 1.00 2.02 1.41 1.51 - 0.05 3.96 1.41 0.00 0.00 0.14 unch 0.00 0.22 0.21 0.22 unch 0.00 0.36 0.03 0.25 0.15 0.21 - 0.02 0.36 0.03 0.35 0.24 0.31 + 0.03 1.98 0.24 0.16 0.11 0.11 - 0.04 0.28 0.06 0.16 0.08 0.09 - 0.02 0.20 0.04 0.03 0.00 0.03 unch 0.00 0.12 0.03 0.07 0.05 0.06 - 0.01 0.12 0.05 0.17 0.15 0.15 - 0.03 0.20 0.05 0.22 0.19 0.19 - 0.03 0.28 0.07

N-O

20-23_MARCH23_StockTables.indd 22

(100s) Stock

Week

(100s) Stock

12-month

Exc Volume High Low Last Change High Low

Nrthn Vertex* O 102 Nrthn Vertex V 355 NSS Res Inc C 19 Nthn Dynasty T 1340 Nthn Dynasty* X 14859 Nthrn Sphere* O 250 Nubian Res V 93 Nuinsco Res C 595 Nuinsco Res* O 250 NuLegacy Gold V 6127 NuLegacy Gold* O 1819 Nutrien* N 16700 T 15328 Nutrien NV Gold V 666 NV Gold* O 186 O.T. Mining* O 5 O3 Mining* O 82 O3 Mining V 284 OceanaGold T 34107 OceanaGold* O 37 Oceanic Iron O V 332 Oceanic Iron O* O 100 Oceanus Res V 81 Oceanus Res* O 70 Olivut Res V 299 Olivut Res* O 152 V 499 Omineca Mining Omineca Mining* O 244 One World Lith C 245 63 One World Lith* O O 1 Opawica Expl* Opawica Expl V 14 Optimum Vent V 7 Opus One Res V 500 Orbite Tech* O 80 Orca Gold V 157 Orca Gold* O 61 Orefinders Res V 741 V 366 Orestone Mng Orex Mnrls* O 222 Orex Mnrls V 228 Orezone Gold* O 338 Orezone Gold V 2333 Orford Mining V 542 OrganiMax* O 4 OrganiMax V 36 Origin Gold V 510 Orla Mng Ltd* O 53 Orla Mng Ltd T 968 Oroco Res* O 390 Oroco Res V 291 Orocobre T 120 Orosur Mng T 128 Orsu Metals V 138 O 364 Orvana Mnrls* Orvana Mnrls T 404 Osino Res V 705 Osisko Gold* N 10127 Osisko Gold T 7815 Osisko Metals* O 93 Osisko Metals V 1225 Osisko Mng Inc T 11493 Osprey Gold V 2106 Otis Gold V 1301 Otis Gold* O 462 Otso Gold V 1153 Otso Gold* O 52 Outcrop Gold V 392 Outcrop Gold* O 94 OZ Minerals* O 1

0.13 0.11 0.13 + 0.00 0.27 0.11 0.21 0.17 0.20 + 0.02 0.35 0.15 0.06 0.06 0.06 unch 0.00 0.18 0.03 0.62 0.50 0.51 - 0.08 1.25 0.50 0.44 0.35 0.36 - 0.07 0.95 0.35 0.01 0.00 0.00 unch 0.00 0.20 0.00 0.10 0.07 0.07 - 0.03 0.22 0.07 0.01 0.01 0.01 - 0.01 0.02 0.01 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.04 0.03 0.03 - 0.01 0.12 0.03 0.03 0.02 0.03 - 0.01 0.09 0.02 29.34 23.85 27.75 - 3.54 55.34 23.85 41.83 34.80 40.14 - 3.22 73.32 34.80 0.11 0.08 0.08 - 0.03 0.29 0.08 0.08 0.05 0.06 - 0.02 0.22 0.05 0.06 0.05 0.05 - 0.01 0.11 0.04 0.90 0.64 0.85 - 0.07 2.29 0.64 1.28 1.06 1.23 + 0.01 4.00 1.06 1.86 1.21 1.25 - 0.38 4.56 1.23 1.20 0.95 1.20 + 0.10 3.30 0.95 0.14 0.10 0.13 + 0.01 0.17 0.04 0.12 0.12 0.12 unch 0.00 0.12 0.04 0.06 0.04 0.06 + 0.01 0.13 0.04 0.04 0.03 0.03 unch 0.00 0.08 0.03 0.04 0.03 0.04 + 0.01 0.16 0.03 0.04 0.02 0.04 + 0.02 0.12 0.02 0.15 0.12 0.14 + 0.01 0.16 0.05 0.11 0.09 0.09 - 0.01 0.12 0.03 0.06 0.04 0.04 - 0.02 0.28 0.03 0.04 0.00 0.03 - 0.01 0.22 0.02 0.05 0.00 0.05 + 0.00 0.05 0.04 0.06 0.00 0.06 unch 0.00 0.10 0.05 0.17 0.16 0.16 - 0.01 0.21 0.15 0.04 0.04 0.04 unch 0.00 0.06 0.01 0.00 0.00 0.00 unch 0.00 0.17 0.00 0.27 0.20 0.27 + 0.04 0.50 0.20 0.19 0.17 0.19 + 0.00 0.38 0.17 0.06 0.04 0.06 + 0.01 0.08 0.03 0.05 0.03 0.05 unch 0.00 0.25 0.03 0.05 0.03 0.03 - 0.02 0.11 0.03 0.06 0.04 0.05 - 0.01 0.14 0.04 0.23 0.14 0.19 - 0.01 0.67 0.14 0.33 0.22 0.27 - 0.03 0.88 0.22 0.02 0.02 0.02 - 0.01 0.15 0.02 0.07 0.07 0.07 + 0.03 0.14 0.02 0.05 0.00 0.04 - 0.01 0.21 0.04 0.07 0.06 0.06 - 0.01 0.15 0.05 1.26 1.10 1.16 - 0.03 2.00 0.73 1.95 1.48 1.76 + 0.16 2.70 0.85 0.22 0.15 0.15 - 0.04 0.56 0.05 0.27 0.20 0.22 - 0.03 0.74 0.20 2.00 1.60 1.76 - 0.16 3.60 1.60 0.04 0.03 0.04 + 0.01 0.13 0.03 0.14 0.10 0.13 unch 0.00 0.40 0.10 0.12 0.09 0.12 + 0.02 0.30 0.09 0.19 0.13 0.15 - 0.01 0.41 0.11 0.62 0.43 0.46 - 0.14 1.07 0.28 7.83 4.65 6.51 + 1.25 13.43 4.65 11.38 6.35 9.47 + 2.12 17.47 6.35 0.22 0.17 0.21 - 0.05 0.54 0.17 0.30 0.24 0.30 - 0.04 0.72 0.24 2.41 1.67 1.94 - 0.28 4.19 1.67 0.03 0.02 0.03 unch 0.00 0.12 0.02 0.11 0.06 0.11 + 0.03 0.17 0.06 0.08 0.04 0.08 + 0.01 0.13 0.04 0.05 0.04 0.04 - 0.01 0.09 0.02 0.04 0.03 0.03 - 0.02 0.07 0.02 0.14 0.12 0.13 + 0.01 0.42 0.08 0.10 0.07 0.08 - 0.02 0.32 0.06 5.03 3.48 3.48 - 1.55 7.99 3.48

Pac Arc Res V 25 Pac Bay Mnrls V 35 3 Pac Booker Min* O 8 Pac Booker Min V Pac Imperial V 727 Pac Ridge Expl V 350 Pac Ridge Expl* O 190 Pac Wildcat* O 3 Pacific Empire V 352 Pacific Rim C 1118 Pacific Rim* O 261 Pacific Silk* O 5 Pacific Silk V 10 Pacton Gold V 2652 O 1344 Paladin Energy* V 521 Palamina Corp Palamina Corp* O 104 V 2680 Paleo Resource Paleo Resource* O 430 V 2532 Palladium One Palladium One* O 127 Pan Am Silver* D 45211 Pan Am Silver T 10227 659 Pan Global Res V Pancontinental V 2597 Pancontinental* O 82 Panex Res* O 40 Pangolin Dia V 2450 Panoro Mnrls V 121 PanTerra Gold* O 0 Pantheon Vent V 55 Para Resources V 1626 Parallel Mng V 29 Paramount Gold* X 345 Paringa Res* O 10 Parlane Res V 392 Pasinex Res C 567 Pasofino Gold* O 137 Pasofino Gold V 792 Patriot Gold* O 282 Peabody Enrgy* N 16342 Pelangio Expl* O 39 Pelangio Expl V 144 Peloton Mnrls C 121 Peloton Mnrls* O 95 PepinNini Lith* O 52 Perseus Mng T 689 Pershimex Res V 546 Pershing Res* O 1593 Peruvian Metal* O 27 Peruvian Metal V 40 Petra Diamonds* O 76 Philex Mng* O 3 Phoenix Global* O 1 Pike Mountain C 170 Pine Cliff En T 1660 Pine Cliff En* O 1533 Pinecrest Res V 61 Pinecrest Res * O 2 Pinnacle North C 51 Pistol Bay Mng V 3649 Pistol Bay Mng* O 207 Pivit Explor C 147 PJSC Polyus Gd* O 1 PJX Res V 188 Plata Latina V 190 Plate Res V 19 Plateau Energy V 455 Plateau Energy* O 189 Platinex Inc C 690 Platinum Gp Mt* X 1172 Platinum Gp Mt T 185 Plato Gold V 1092 Playfair Mng V 404 Playfair Mng* O 0 PolyMet Mng* X 3580 PolyMet Mng T 231 Portage Res* O 113 Portofino Res V 289 Portofino Res* O 14 Potash Ridge* O 208 Potash Ridge T 3018 Power Group V 282 Power Group* O 215 Power Metals* O 1206 Power Metals V 1202 PowerOre V 56 PPX Mining V 101 PPX Mining* O 120 Precipitate Gl V 1014 Precipitate Gl* O 467 Premier Gold M T 5677 Premium Expl* O 4 Pretium Res* N 20869 Pretium Res T 9877 Primary Energy C 5624

0.16 0.16 0.16 unch 0.00 0.30 0.16 0.10 0.10 0.10 unch 0.00 0.15 0.06 1.20 0.00 0.93 - 0.34 3.10 0.93 1.75 1.29 1.33 - 0.42 4.10 1.23 0.02 0.01 0.01 unch 0.00 0.03 0.01 0.04 0.03 0.03 - 0.01 0.06 0.03 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.03 0.04 - 0.01 0.10 0.02 0.21 0.16 0.16 - 0.05 0.34 0.11 0.15 0.11 0.12 - 0.03 0.36 0.08 0.02 0.01 0.01 - 0.01 0.03 0.00 0.01 0.00 0.01 unch 0.00 0.04 0.01 0.06 0.04 0.05 - 0.01 0.26 0.04 0.05 0.03 0.04 - 0.01 0.12 0.03 0.16 0.09 0.10 - 0.08 0.38 0.09 0.11 0.06 0.09 - 0.06 0.28 0.06 0.01 0.01 0.01 - 0.01 0.08 0.01 0.01 0.01 0.01 - 0.01 0.06 0.00 0.07 0.05 0.07 - 0.01 0.24 0.05 0.05 0.04 0.04 - 0.01 0.20 0.04 17.74 10.61 11.77 - 2.02 26.20 10.26 25.06 14.22 17.43 - 1.74 34.79 13.83 0.09 0.06 0.07 - 0.02 0.16 0.06 0.07 0.03 0.05 + 0.01 0.07 0.02 0.04 0.02 0.03 + 0.01 0.04 0.01 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.04 0.02 0.02 - 0.01 0.10 0.02 0.08 0.07 0.07 - 0.01 0.22 0.07 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.03 0.03 0.03 - 0.01 0.08 0.03 0.02 0.01 0.02 + 0.01 0.22 0.01 0.10 0.10 0.10 - 0.02 0.53 0.10 0.67 0.47 0.61 + 0.00 1.04 0.47 0.03 0.00 0.03 + 0.00 0.35 0.00 0.03 0.02 0.03 + 0.01 0.20 0.02 0.02 0.02 0.02 - 0.01 0.09 0.02 0.03 0.03 0.03 unch 0.00 0.11 0.03 0.06 0.04 0.06 + 0.02 0.18 0.04 0.05 0.02 0.03 - 0.00 0.09 0.02 5.31 2.73 3.31 - 0.18 30.54 2.51 0.10 0.09 0.09 + 0.01 0.20 0.08 0.15 0.11 0.14 + 0.02 0.30 0.11 0.09 0.06 0.06 - 0.01 0.13 0.04 0.06 0.00 0.06 + 0.01 0.11 0.03 0.00 0.00 0.00 - 0.00 0.00 0.00 0.78 0.45 0.68 + 0.06 1.18 0.40 0.03 0.02 0.03 + 0.01 0.06 0.02 0.01 0.00 0.00 - 0.00 0.06 0.00 0.03 0.03 0.03 - 0.00 0.04 0.01 0.04 0.04 0.04 unch 0.00 0.05 0.03 0.02 0.02 0.02 unch 0.00 0.30 0.02 0.10 0.10 0.10 unch 0.00 0.10 0.00 0.11 0.11 0.11 unch 0.00 0.21 0.11 0.06 0.06 0.06 unch 0.00 0.15 0.06 0.07 0.05 0.07 - 0.01 0.27 0.05 0.05 0.04 0.04 - 0.01 0.19 0.04 0.16 0.16 0.16 - 0.01 0.22 0.16 0.13 0.13 0.13 unch 0.00 0.17 0.12 0.12 0.10 0.11 unch 0.00 0.12 0.10 0.01 0.01 0.01 - 0.01 0.07 0.01 0.01 0.01 0.01 - 0.00 0.05 0.01 0.16 0.12 0.13 - 0.01 0.64 0.06 55.01 0.00 54.60 - 7.40 69.00 37.19 0.08 0.01 0.07 - 0.03 0.25 0.01 0.02 0.01 0.02 + 0.01 0.06 0.01 0.04 0.00 0.04 unch 0.00 0.16 0.03 0.22 0.16 0.18 - 0.04 0.74 0.16 0.15 0.12 0.12 - 0.03 0.65 0.08 0.03 0.02 0.02 - 0.01 0.06 0.01 1.18 0.86 1.01 - 0.08 2.98 0.86 1.57 1.25 1.46 - 0.03 3.86 1.25 0.03 0.02 0.02 - 0.01 0.05 0.01 0.04 0.03 0.03 - 0.01 0.07 0.03 0.00 0.00 0.02 unch 0.00 0.05 0.02 0.25 0.15 0.21 - 0.03 0.91 0.15 0.31 0.26 0.29 - 0.07 1.22 0.30 0.00 0.00 0.00 + 0.00 0.00 0.00 0.04 0.03 0.03 unch 0.00 0.09 0.02 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.02 0.01 0.02 - 0.01 0.08 0.01 0.03 0.02 0.02 - 0.02 0.11 0.02 0.05 0.03 0.05 - 0.01 0.18 0.03 0.05 0.03 0.03 - 0.02 0.10 0.03 0.11 0.06 0.08 - 0.02 0.24 0.03 0.13 0.09 0.12 - 0.01 0.31 0.04 0.05 0.03 0.04 + 0.01 0.14 0.03 0.05 0.04 0.05 unch 0.00 0.08 0.04 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.13 0.05 0.10 + 0.01 0.28 0.05 0.08 0.04 0.06 - 0.00 0.22 0.04 1.25 0.85 1.03 + 0.03 2.55 0.85 0.00 0.00 0.00 - 0.00 0.01 0.00 7.29 4.05 5.53 + 0.04 13.83 4.05 10.59 6.25 8.04 + 0.44 18.30 6.25 0.26 0.19 0.21 - 0.01 0.82 0.08

P-Q

Week

12-month

Exc Volume High Low Last Change High Low

Prime Meridian V 38 O 136 Prime Mining* Prime Mining V 1023 Prism Res V 9 ProAm Expl V 23 Probe Metals* O 528 Probe Metals V 620 Prog Planet V 89 Prog Planet* O 14 Project One C 3 Promithian Gl * O 2 Prophecy Coal* O 1390 Prophecy Coal T 9713 Prophecy Pot C 26 Prosper Gold V 114 Prospero Silvr V 542 Provenance Gld C 7 Providence V 479 Providence Gld* O 66 PUF Vent Inc * O 7411 Puma Expl V 259 Pure Energy* O 683 Pure Energy V 410 Pure Gold Mg* O 2910 Pure Gold Mg V 3567 V 1159 Purepoint Uran Q-Gold Res V 4 QC Precious V 506 QC Precious * O 17 QMC Quantum Ml V 660 QMC Quantum Ml* O 754 QMX Gold* O 149 QMX Gold V 1582 Quadro Res V 562 C 243 Quantum Cobalt Quaterra Res V 4793 Quaterra Res* O 2209 Quest Rare Mnl* O 305 Quinto Res V 25

0.06 0.04 0.06 + 0.02 0.16 0.04 0.24 0.14 0.20 - 0.03 0.46 0.14 0.35 0.25 0.26 - 0.06 0.60 0.25 0.03 0.02 0.02 unch 0.00 0.05 0.02 0.07 0.05 0.05 - 0.02 0.12 0.05 0.62 0.43 0.47 - 0.11 1.16 0.45 0.90 0.65 0.66 - 0.14 1.53 0.63 0.03 0.03 0.03 - 0.01 0.18 0.03 0.03 0.02 0.03 + 0.01 0.04 0.01 0.18 0.18 0.18 unch 0.00 0.30 0.13 3.85 0.00 2.20 - 1.65 6.30 0.02 0.11 0.06 0.10 + 0.01 0.43 0.06 0.14 0.10 0.10 - 0.04 0.55 0.10 0.12 0.00 0.10 unch 0.00 0.19 0.01 0.04 0.03 0.03 - 0.01 0.12 0.03 0.01 0.01 0.01 - 0.01 0.11 0.01 0.12 0.11 0.11 - 0.01 0.23 0.08 0.08 0.06 0.06 - 0.02 0.20 0.06 0.05 0.04 0.04 - 0.02 0.16 0.04 0.04 0.02 0.03 - 0.02 0.64 0.02 0.05 0.04 0.04 - 0.01 0.35 0.04 0.04 0.02 0.03 + 0.00 0.08 0.02 0.04 0.03 0.04 + 0.01 0.12 0.03 0.49 0.27 0.38 + 0.04 0.68 0.27 0.67 0.38 0.55 + 0.07 0.88 0.38 0.04 0.03 0.04 - 0.01 0.10 0.03 0.24 0.20 0.20 - 0.04 0.30 0.14 0.20 0.14 0.17 - 0.03 0.40 0.14 0.12 0.11 0.12 - 0.02 0.30 0.11 0.08 0.06 0.07 - 0.01 0.28 0.06 0.13 0.03 0.05 - 0.01 0.21 0.03 0.06 0.05 0.06 - 0.00 0.11 0.03 0.09 0.06 0.08 + 0.01 0.15 0.04 0.08 0.05 0.06 - 0.03 0.12 0.02 0.05 0.00 0.03 - 0.02 0.10 0.01 0.05 0.02 0.05 - 0.01 0.11 0.02 0.04 0.02 0.04 + 0.00 0.09 0.02 0.01 0.01 0.01 - 0.00 0.06 0.00 0.03 0.03 0.03 + 0.01 0.09 0.02

Rackla Metals V 40 Rackla Metals* O 49 Radisson Mng V 1086 Radius Gold V 583 O 29 Rae-Wallace Mg* Rain City C 100 Raindrop Vent C 200 Rainforest Res* O 1 10 Rainy Mtn Royl V Rainy Mtn Royl* O 2 Rambler Metals* O 3 Rare Element* O 611 V 149 Rathdowney Res Ravencrest Res C 5838 Razore Rock Res C 119 Red Moon Res V 66 86 Red Oak Mining V Red Pine Expl V 2004 Redstar Gold V 1194 O 425 Redstar Gold* 28 Regis Res NL* O Regulus Res V 945 Remington Res V 103 O 658 Renaissance Gd* V 432 Renaissance Gd Renforth Res C 884 Resolve Vent V 131 O 67 Resource Cap* Reunion Gold* O 89 Reunion Gold V 601 Revelo Res V 696 Revival Gold * O 718 Revival Gold V 759 Rhyolite Res V 750 V 31 Richmond Mnls V 216 Ridgestone M’g Rimrock Gold* O 13996 Rio Silver V 72 Rio Silver* O 25 Rio Tinto* N 17278 Rio Tinto* O 13 Rio Tinto* O 1 Rio2 Limited* O 786 Rio2 Limited V 1783 Rise Gold Corp C 106 Rise Gold Corp* O 63 Riverside Res* O 502 Riverside Res V 764 RJK Explor* O 115 RJK Explor V 504 O 3734 RNC Minerals* 19623 RNC Minerals T Robex Res V 1781 Rochester Res V 41 O 38 Rochester Res* 85 Rock Tech Lith V Rockcliff Met C 240 Rockcliff Met* O 110 Rockex Mng C 502 V 265 Rockhaven Res Rockridge Res V 144 Rockshield Cap* O 361 Rodinia Lithm V 2383 Rogue Res* O 55 Rogue Res V 928 Rokmaster Res V 341 Romios Gold Rs* O 106 Romios Gold Rs V 299 RosCan Gold* O 156 RosCan Gold V 1041 Rover Metals* O 8 Roxgold T 8513 Roxgold* O 149 Royal Gold V 57 Royal Gold* O 30 Royal Gold* D 6555 Royal Rd Mnrls V 354 Royal Std Mnrl* O 0 RT Minerals V 475 RT Minerals* O 50 RTG Mining T 8 Rubicon Mnrls* O 409 Rubicon Mnrls T 403 Rugby Mng V 253 Running Fox Rs* O 10 Running Fox Rs V 246 Rupert Res V 161 Rusoro Mng* O 158 Rusoro Mng V 1287

0.09 0.00 0.08 - 0.03 0.20 0.08 0.06 0.05 0.05 - 0.02 0.12 0.00 0.13 0.09 0.12 - 0.02 0.24 0.09 0.15 0.11 0.11 - 0.03 0.47 0.10 0.01 0.00 0.01 - 0.01 0.05 0.00 0.05 0.05 0.05 - 0.03 0.15 0.04 0.11 0.10 0.10 - 0.01 0.16 0.10 1.22 0.00 1.17 - 0.05 7.60 1.18 0.05 0.00 0.04 - 0.01 0.25 0.04 0.04 0.00 0.04 - 0.05 0.14 0.04 0.01 0.01 0.01 unch 0.00 0.03 0.00 0.43 0.33 0.43 - 0.01 0.96 0.08 0.09 0.09 0.09 unch 0.00 0.11 0.03 0.03 0.01 0.01 - 0.01 0.75 0.01 0.06 0.05 0.05 - 0.01 0.10 0.05 0.06 0.00 0.06 unch 0.00 0.24 0.01 0.08 0.07 0.07 - 0.01 0.28 0.04 0.03 0.02 0.03 unch 0.00 0.07 0.02 0.03 0.02 0.02 unch 0.00 0.04 0.02 0.02 0.01 0.02 + 0.00 0.04 0.01 2.16 1.80 2.16 + 0.10 4.61 1.80 0.63 0.47 0.55 - 0.09 1.81 0.47 0.12 0.12 0.12 + 0.01 0.19 0.11 0.19 0.10 0.15 + 0.01 0.33 0.10 0.24 0.14 0.21 + 0.02 0.43 0.14 0.04 0.03 0.03 - 0.01 0.06 0.03 0.09 0.06 0.06 - 0.03 0.16 0.06 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.08 0.05 0.08 - 0.01 0.25 0.05 0.12 0.07 0.11 - 0.01 0.34 0.07 0.01 0.01 0.01 - 0.01 0.03 0.01 0.33 0.24 0.27 - 0.06 0.75 0.24 0.46 0.33 0.41 - 0.04 1.01 0.33 0.06 0.05 0.05 unch 0.00 0.26 0.05 0.04 0.00 0.04 + 0.01 0.06 0.02 0.23 0.18 0.21 - 0.04 0.30 0.15 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.03 0.02 0.03 unch 0.00 0.06 0.01 0.02 0.02 0.02 unch 0.00 0.05 0.02 42.69 35.82 36.57 - 7.33 64.02 35.82 41.17 34.85 36.51 - 5.43 62.00 34.85 41.50 0.00 41.50 - 6.05 74.50 41.50 0.16 0.11 0.12 - 0.04 0.52 0.11 0.23 0.14 0.19 - 0.05 0.70 0.14 0.65 0.45 0.55 + 0.06 1.10 0.30 0.43 0.31 0.40 + 0.03 1.00 0.31 0.09 0.06 0.08 - 0.00 0.17 0.06 0.12 0.10 0.11 - 0.03 0.22 0.10 0.14 0.09 0.12 + 0.02 0.24 0.06 0.20 0.10 0.10 - 0.01 0.32 0.08 0.21 0.14 0.15 - 0.05 0.55 0.14 0.32 0.21 0.22 - 0.07 0.73 0.22 0.21 0.11 0.20 unch 0.00 0.22 0.06 0.06 0.05 0.05 - 0.03 0.08 0.03 0.06 0.03 0.06 + 0.02 0.06 0.02 0.56 0.37 0.37 - 0.18 0.89 0.37 0.05 0.04 0.04 unch 0.00 0.19 0.04 0.04 0.04 0.04 unch 0.00 0.12 0.02 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.10 0.06 0.08 unch 0.00 0.19 0.06 0.10 0.07 0.08 - 0.02 0.39 0.07 0.02 0.02 0.02 - 0.00 0.08 0.02 0.03 0.02 0.02 - 0.01 0.06 0.02 0.03 0.03 0.03 - 0.01 0.10 0.03 0.05 0.03 0.04 + 0.01 0.13 0.03 0.07 0.06 0.06 - 0.02 0.13 0.03 0.03 0.02 0.02 - 0.00 0.05 0.01 0.04 0.03 0.03 unch 0.00 0.07 0.02 0.11 0.11 0.11 unch 0.00 0.23 0.05 0.16 0.13 0.14 - 0.03 0.33 0.10 0.10 0.00 0.00 unch 0.00 2.01 0.00 0.88 0.56 0.71 - 0.09 1.42 0.56 0.61 0.05 0.50 - 0.03 1.07 0.05 0.30 0.24 0.25 - 0.12 0.60 0.12 0.22 0.17 0.17 - 0.10 0.39 0.02 90.30 59.78 71.62 - 0.15 138.78 59.78 0.17 0.13 0.14 - 0.01 0.35 0.13 0.00 0.00 0.03 unch 0.00 1.00 0.01 0.02 0.02 0.02 + 0.01 0.07 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.05 0.05 0.05 unch 0.00 0.11 0.05 0.57 0.37 0.41 - 0.10 0.96 0.37 0.87 0.54 0.59 - 0.12 1.27 0.54 0.10 0.00 0.07 - 0.03 0.26 0.05 0.01 0.01 0.01 unch 0.00 0.01 0.01 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.66 0.53 0.61 - 0.14 1.00 0.53 0.04 0.03 0.03 - 0.01 0.10 0.03 0.05 0.04 0.04 - 0.01 0.13 0.04

Sabina Gd&Slvr T 3959 Sabina Gd&Slvr* O 3897 Sable Res* O 83 Sable Res V 1266 Sailfish Rylty V 83 Salazar Res* O 27 Salazar Res V 160 Salt Lake Pot* O 6 Sama Res V 685 Sama Res* O 119 San Gold Corp* O 301 San Marco Res* O 27 San Marco Res V 463 Sanatana Res V 362 Sandfire Res V 76 Sandfire Res* O 229 Sandspring Res* O 197 Sandstorm Gold T 11853 Sandstorm Gold* N 27033 Santa Fe Gold* O 709 Santacruz Silv V 550 Sarama Res V 4590 Sarissa Res* O 1140 Satori Res V 10 Satori Res* O 5 Saturn Mnrls V 1527 Saville Res V 338 Scandium Intl T 482 Scandium Intl* O 172 Scorpio Gold V 530 Scorpio Gold * O 34 Scottie Res V 1968 Scottie Res* O 372 ScoZinc Mg* O 0 ScoZinc Mg V 1 Seabridge Gld T 1566 Seabridge Gld* N 5542 Search Mnls V 421 Search Mnls* O 38 Searchlight* O 10 SearchlightMin* O 324 SearchlightRes V 214

1.17 0.71 1.04 + 0.04 2.28 0.71 0.81 0.51 0.73 + 0.03 1.72 0.51 0.04 0.03 0.03 - 0.01 0.12 0.03 0.06 0.04 0.05 - 0.01 0.16 0.04 0.75 0.45 0.58 + 0.06 1.81 0.45 0.10 0.10 0.10 - 0.02 0.23 0.09 0.15 0.14 0.15 + 0.01 0.27 0.13 0.35 0.20 0.25 - 0.10 0.59 0.20 0.15 0.12 0.13 - 0.01 0.44 0.12 0.09 0.08 0.09 - 0.01 0.33 0.08 0.00 0.00 0.00 - 0.00 0.00 0.00 0.12 0.08 0.08 + 0.00 0.17 0.06 0.17 0.10 0.11 + 0.01 0.25 0.09 0.02 0.01 0.01 - 0.01 0.06 0.01 0.25 0.00 0.24 + 0.01 0.40 0.08 0.18 0.14 0.16 - 0.01 0.31 0.06 1.13 0.58 0.87 - 0.00 2.72 0.58 8.65 4.64 6.56 + 1.06 10.50 4.64 6.00 3.32 4.52 + 0.64 7.90 3.32 0.04 0.03 0.04 - 0.00 0.11 0.03 0.09 0.07 0.08 - 0.01 0.20 0.05 0.04 0.04 0.04 - 0.01 0.12 0.04 0.00 0.00 0.00 - 0.00 0.00 0.00 0.04 0.04 0.04 + 0.01 0.09 0.01 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.10 0.07 0.08 - 0.03 0.17 0.07 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.08 0.06 0.06 - 0.01 0.20 0.06 0.06 0.04 0.04 - 0.01 0.15 0.04 0.09 0.06 0.07 - 0.01 0.16 0.06 0.06 0.04 0.04 - 0.02 0.11 0.04 0.15 0.11 0.12 - 0.01 0.30 0.11 0.11 0.08 0.08 - 0.01 0.23 0.08 0.00 0.00 0.54 unch 0.00 0.59 0.26 0.00 0.00 0.44 unch 0.00 0.90 0.34 13.44 7.37 10.68 + 1.85 21.98 7.37 9.32 5.25 7.33 + 0.99 16.55 5.25 0.03 0.03 0.03 - 0.01 0.06 0.03 0.02 0.02 0.02 - 0.01 0.04 0.02 0.02 0.02 0.02 - 0.01 0.10 0.00 0.03 0.01 0.02 + 0.00 0.07 0.01 0.03 0.02 0.02 unch 0.00 0.05 0.02

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S

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Sego Res V 414 Select Sands V 80 16362 T Semafo Sentinel Res C 25 Serabi Gold T 9 Serengeti Res V 477 Sherritt Intl T 5909 O 15 Shine Minerals* V 5 Shine Minerals Sibanye-Stillw* N 38618 O 4691 Sidney Resrces* Sienna Res V 435 Sienna Res* O 60 Sierra Metals* X 225 Sierra Metals T 98 V 6 Sigma Lithium O 349 Signature Res* Signature Res V 405 34 Silver Bear Rs* O 154 Silver Bear Rs T Silver Bull Re* O 2216 Silver Bull Re T 1695 Silver Grail V 38 10 Silver Mtn Mns* O 55 Silver Mtn Mns V C 50 Silver Phoenix Silver Predatr V 94 Silver Range* O 86 Silver Range V 60 Silver Scott* O 535 O 9 Silver Spruce* Silver Spruce V 399 Silver Viper V 600 Silver Viper* O 9 10633 T Silvercorp Met 16537 X Silvercorp Met* 16092 SilverCrest* X SilverCrest T 7012 O 5 Silverstar Res* Sirios Res V 462 Sirios Res* O 61 Sitka Gold C 696 Sitka Gold* O 197 Sixty North C 31 Sixty North* O 281 Skeena Res V 2673 Skeena Res* O 1494 SKRR Explor V 234 Sky Gold V 256 Sky Gold* O 47 O 92 Skyharbour Res* V 580 Skyharbour Res Slam Explor* O 1 Slam Explor V 17 Sokoman Min V 828 O 254 Sokoman Min* SolGold plc T 168 SolGold plc* O 43 X 323 Solitario Ex&R* T 15 Solitario Ex&R Solstice Gold V 1781 44 Sonora Gld & S V O 75 Sonoro Metals* V 147 Sonoro Metals South32* O 93 Southern Arc* O 54 Southern Arc V 48 N 7662 Southern Copp* O 879 Southern Silvr* Southern Silvr V 1350 T 4 SouthGobi Res V 39 Southstone Min Spanish Mtn Gd V 1205 Spanish Mtn Gd* O 1006 Sparton Res V 411 Sparton Res* O 5 O 17 Spearmint Res* C 1452 Spearmint Res Sphinx Res V 1929 211 Sprott Res Hld T 777 Spruce Ridge R V SRG Mining V 193 SSR Mining* D 15974 SSR Mining T 5555 St Augustine T 722 C 1485 St-Georges Eco O 37 St-Georges Eco* V 151 Stakeholdr Gld O 1 Stakeholdr Gld* O 1258 Standard Graph* Standard Lith V 1037 O 421 Standard Metal* Stans Energy V 216 O 82 Stans Energy* O 94 Star Diamond* Star Diamond T 2663 Star Gold* O 178 Starcore Intl T 338 390 Starr Peak Exp V O 0 Steele Oceanic* Stellar Africa* O 1 Stellar Africa V 262 Stelmine Can V 252 Steppe Gold T 141 Stevens Gold C 10 O 1427 Stornoway Diam* C 25 Straightup Res Stratabd Mnr V 24 Strateco Res* O 150 O 155 Strategic Metl* Strategic Metl V 403 O 400 Strategic Min* Strategic Res V 201 O 1 Strategic Res* Stria Lithium V 488 V 342 Strikepoint Gd O 324 Strikepoint Gd* V 190 Strongbow Expl O 1 Strongbow Expl* Stroud Res V 112 Stuhini Explor V 125 Sulliden Mng T 97 Sun Metals V 1470 Suncor Energy T 83609 Suncor Energy* N 63916 O 69 Superior Gold* Superior Gold V 426 Superior Mng V 247 O 1 Supreme Metal* C 138 Supreme Metals Surge Copper * O 179 Surge Copper V 688 Surge Explor* O 68 Surge Explor V 2536 Sutter Gold* O 991 Syrah Res* O 474

0.03 unch 0.00 0.07 0.05 0.03 0.04 0.01 unch 0.00 0.14 0.02 0.02 0.02 1.57 2.55 1.57 1.99 + 0.06 5.75 0.10 unch 0.00 0.15 0.10 0.10 0.10 0.45 1.46 0.96 0.97 - 0.47 1.69 0.15 0.20 0.15 0.17 - 0.03 0.36 0.10 0.13 0.09 0.09 - 0.03 0.46 0.02 0.04 0.04 0.04 - 0.01 0.05 0.01 0.04 0.03 0.03 - 0.02 0.08 6.04 3.50 3.68 - 1.44 11.85 3.50 0.00 0.04 0.01 0.04 + 0.00 0.04 0.03 0.05 0.04 0.04 - 0.01 0.10 0.02 0.04 0.03 0.03 - 0.01 0.08 0.45 0.98 0.45 0.77 - 0.09 1.90 0.89 1.39 0.89 1.07 - 0.10 2.50 1.59 1.89 0.00 1.85 - 0.04 2.08 0.02 0.03 0.02 0.03 - 0.00 0.07 0.02 0.04 0.02 0.03 - 0.01 0.09 0.06 0.00 0.06 + 0.01 0.18 0.05 0.10 0.07 0.10 + 0.02 0.25 0.05 0.04 0.02 0.04 - 0.00 0.12 0.02 0.06 0.03 0.05 unch 0.00 0.16 0.03 0.02 0.07 0.00 0.07 + 0.03 0.12 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.01 0.00 0.01 + 0.01 0.02 0.01 0.10 unch 0.00 0.20 0.10 0.10 0.10 0.04 0.08 0.04 0.04 - 0.02 0.17 0.05 0.07 0.05 0.06 - 0.01 0.11 0.07 0.10 0.07 0.08 - 0.01 0.14 0.01 0.11 0.03 0.11 + 0.04 0.13 0.01 unch 0.00 0.05 0.02 0.02 0.02 0.02 0.03 0.02 0.03 + 0.01 0.07 0.16 0.30 0.00 0.22 - 0.08 0.43 0.00 0.21 0.19 0.19 - 0.02 2.21 2.12 0.72 7.69 3.61 + 4.76 2.12 1.50 3.30 1.50 2.43 + 0.40 5.93 2.96 5.57 3.28 5.18 + 0.89 8.30 7.88 4.50 7.28 + 1.31 10.98 3.99 0.02 unch 0.00 0.14 0.06 0.02 0.02 0.08 0.10 0.08 0.09 - 0.01 0.25 0.07 0.09 0.07 0.07 - 0.02 0.18 0.05 unch 0.00 0.26 0.10 0.05 0.10 0.03 0.07 0.03 0.07 - 0.01 0.18 0.03 0.04 0.03 0.03 - 0.01 0.09 0.02 0.03 0.03 0.03 + 0.00 0.05 0.35 0.83 0.50 0.75 + 0.14 1.20 0.26 0.60 0.37 0.52 + 0.07 0.92 0.16 0.20 0.16 0.16 - 0.07 0.40 0.05 0.07 0.05 0.05 - 0.02 0.70 0.04 0.05 0.04 0.04 - 0.00 0.71 0.06 0.07 0.06 0.07 - 0.01 0.33 0.08 0.12 0.09 0.10 - 0.01 0.44 0.01 unch 0.00 0.02 0.01 0.01 0.01 0.01 0.02 0.01 0.02 + 0.01 0.03 0.04 0.07 0.06 0.06 - 0.01 0.20 0.04 0.05 0.04 0.04 - 0.01 0.15 0.19 0.24 0.19 0.21 - 0.03 0.76 0.13 0.16 0.13 0.15 - 0.01 0.56 0.13 0.19 0.13 0.19 - 0.00 0.45 0.22 0.28 0.22 0.28 + 0.02 0.59 0.03 0.07 0.03 0.03 - 0.03 0.27 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.06 0.09 0.07 0.07 - 0.00 0.15 0.07 0.12 0.09 0.10 + 0.01 0.20 0.89 0.89 0.00 0.89 - 0.17 2.79 0.17 0.23 0.17 0.22 + 0.00 0.41 0.25 0.32 0.25 0.30 - 0.01 0.55 24.49 30.22 24.49 25.41 - 3.88 44.82 0.05 0.09 0.05 0.09 + 0.02 0.23 0.06 0.14 0.06 0.12 + 0.02 0.31 0.07 0.07 0.00 0.07 - 0.03 0.18 0.04 0.05 0.05 0.05 - 0.01 0.20 0.07 0.05 0.06 - 0.01 0.14 0.05 0.06 0.03 0.04 - 0.00 0.11 0.03 0.02 unch 0.00 0.06 0.02 0.02 0.02 0.01 unch 0.00 0.05 0.02 0.02 0.02 0.01 0.03 0.01 0.02 - 0.00 0.08 0.01 0.02 0.02 0.02 - 0.01 0.04 0.01 unch 0.00 0.05 0.02 0.01 0.02 0.57 0.46 0.54 - 0.03 1.77 0.46 0.05 0.03 0.04 unch 0.00 0.09 0.03 0.26 0.43 0.26 0.28 - 0.17 1.15 13.94 9.00 10.77 - 0.37 19.42 9.00 12.12 20.23 12.12 15.96 + 0.42 25.57 0.02 0.02 0.02 0.02 - 0.01 0.03 0.03 0.05 0.03 0.04 - 0.01 0.22 0.02 0.04 0.02 0.04 + 0.00 0.16 0.02 unch 0.00 0.08 0.02 0.02 0.02 0.01 0.01 0.01 0.01 + 0.00 0.04 0.05 0.11 0.05 0.06 - 0.01 0.57 0.39 0.54 0.39 0.51 - 0.06 1.08 0.03 0.05 0.04 0.04 - 0.00 0.08 0.01 unch 0.00 0.11 0.01 0.01 0.01 0.00 0.01 0.00 0.00 - 0.01 0.08 0.14 0.21 0.15 0.16 - 0.05 0.41 0.18 0.29 0.20 0.23 - 0.05 0.53 0.02 0.03 0.02 0.03 + 0.01 0.09 0.05 0.10 0.07 0.08 - 0.02 0.14 0.44 0.39 0.39 - 0.05 0.59 0.10 0.20 unch 0.00 1.00 0.00 0.00 0.36 0.01 0.02 0.02 0.02 - 0.01 0.04 0.02 0.03 0.02 0.02 - 0.02 0.04 0.05 0.07 0.05 0.05 - 0.01 0.17 0.59 0.82 0.63 0.70 - 0.08 1.14 0.25 unch 0.00 0.27 0.27 0.27 0.27 0.00 0.00 0.00 0.00 - 0.00 0.13 0.10 unch 0.00 0.10 0.10 0.10 0.10 0.02 0.09 0.00 0.09 + 0.02 0.13 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.18 0.22 0.18 0.18 - 0.03 0.43 0.25 0.30 0.25 0.25 - 0.04 0.57 0.01 unch 0.00 0.03 0.00 0.00 0.01 0.18 0.20 0.18 0.18 - 0.01 0.70 0.14 unch 0.00 0.46 0.14 0.14 0.14 0.01 unch 0.00 0.03 0.01 0.01 0.01 0.02 unch 0.00 0.16 0.03 0.02 0.03 0.01 0.02 0.01 0.02 - 0.00 0.12 0.03 0.04 0.03 0.03 - 0.01 0.15 0.02 unch 0.00 0.10 0.01 0.01 0.01 0.05 0.18 0.15 0.17 - 0.01 0.37 0.12 0.14 0.14 0.14 + 0.01 0.35 0.03 0.04 0.03 0.04 - 0.01 0.10 0.06 0.07 0.06 0.07 + 0.01 0.65 14.02 20.51 14.02 16.07 - 6.38 46.50 14.71 9.61 11.09 - 5.15 34.56 9.61 0.28 0.34 0.26 0.26 - 0.07 0.84 0.33 0.53 0.33 0.40 - 0.02 1.14 0.05 0.18 0.00 0.18 + 0.03 0.25 0.01 unch 0.00 0.02 0.01 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.01 0.01 0.03 0.03 0.03 unch 0.00 0.05 0.03 0.03 0.05 0.04 0.04 - 0.01 0.07 0.00 0.01 0.00 0.01 + 0.00 0.08 0.01 0.01 0.01 0.01 + 0.01 0.10 0.00 0.00 0.00 0.00 + 0.00 0.01 0.09 0.21 0.09 0.12 - 0.10 0.97

Taiga Gold C 1050 Taiga Gold* O 59 Tajiri Res V 375 Taku Gold* O 1 Taku Gold C 118 Talisker Res* O 122 Talisker Res C 2282 Talon Metals T 413 O 5287 Tamino Mnrls* V 818 Tanqueray Expl Tantalex Res C 4772 T 171 Tanzanian Gold X 1590 Tanzanian Gold* Taranis Res V 194 Taranis Res* O 214 Tarku Res V 86 Tartisan Nick* O 9 Tartisan Nick C 95 Taseko Mines T 880 X 5522 Taseko Mines* Tearlach Res V 9 T 26639 Teck Res 38 T Teck Res N 33263 Teck Res* V 211 Tectonic Metal Telson Res * O 147 Telson Res V 750 Tembo Gold V 110 Tembo Gold* O 56 Teranga Gold T 9980 O 460 Teranga Gold* Teras Res V 309 Teras Res* O 668 Terrax Mnrls V 1056 Terrax Mnrls* O 192 Terreno Res V 295

0.06 0.10 0.07 0.08 - 0.01 0.15 0.04 0.06 0.05 0.05 - 0.01 0.11 0.03 0.04 0.03 0.03 - 0.01 0.08 0.03 0.05 0.00 0.05 + 0.01 0.08 0.03 0.08 0.03 0.06 - 0.02 0.10 0.03 0.21 0.16 0.20 - 0.03 0.47 0.08 0.31 0.17 0.24 - 0.04 0.65 0.08 unch 0.00 0.25 0.10 0.08 0.10 0.00 0.00 0.00 0.00 - 0.00 0.01 0.45 0.78 0.56 0.68 + 0.02 0.85 0.01 unch 0.00 0.05 0.01 0.01 0.01 0.55 0.85 0.55 0.81 + 0.23 1.56 0.36 0.60 0.36 0.56 + 0.15 1.20 0.04 0.06 0.04 0.06 + 0.02 0.09 0.03 0.04 0.03 0.04 + 0.02 0.07 0.04 0.08 0.00 0.04 - 0.01 0.29 0.02 0.06 0.04 0.05 - 0.01 0.10 0.03 0.07 0.00 0.06 - 0.01 0.12 0.32 0.40 0.31 0.32 - 0.10 1.05 0.20 0.30 0.20 0.22 - 0.08 0.79 0.07 unch 0.00 0.28 0.12 0.12 0.12 11.88 8.15 10.22 - 2.15 34.31 8.15 14.59 9.00 12.50 - 2.06 34.00 9.00 8.50 5.60 7.12 - 1.83 25.75 5.60 0.10 0.11 0.11 0.11 + 0.01 0.31 0.06 0.04 0.04 - 0.01 0.30 0.04 0.04 0.07 0.04 0.07 + 0.01 0.40 0.01 unch 0.00 0.04 0.02 0.01 0.02 0.01 unch 0.00 0.03 0.02 0.01 0.02 2.97 6.41 3.86 5.70 + 0.90 8.85 2.23 4.30 2.84 3.94 + 0.53 6.83 0.02 0.05 0.04 0.04 - 0.01 0.08 0.02 0.03 0.03 0.03 + 0.00 0.05 0.16 unch 0.00 0.44 0.21 0.16 0.20 0.11 0.15 0.11 0.12 - 0.02 0.34 0.01 unch 0.00 0.05 0.02 0.02 0.02

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2020-03-21 4:00 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / MARCH 30–APRIL 12, 2020

Week

12-month

Exc Volume High Low Last Change High Low

Teslin Rvr Res V 1314 Tesoro Mnrls V 2 Tethyan Res V 113 Teuton Res V 357 Teuton Res* O 97 Texas Mineral* O 1075 Themac Res* O 15 Themac Res V 55 Thor Expl V 110 Thunder Mtn Gd* O 53 Thunderstruck V 559 Thunderstruck* O 143 Tiger Intl V 13 Till Capital V 3 Timberline Res V 79 Timberline Res* O 327 Tinka Res V 1305 Tinka Res* O 869 Tintina Mines V 23 Tisdale Res* O 2 Tisdale Res V 40 Titan Mining T 149 Titan Mining* O 27 Titanium Corp V 97 O 98 TMAC Resource* TMAC Resources T 1455 TNR Gold V 1182 C 319 Tocvan Venture Tombstone Expl* O 0 O 76 Tonogold Res* O 471 Torex Gold* Torex Gold T 5100 O 30 Torq Resources* V 231 Torq Resources Tower Res* O 1 Tower Res V 106 O 6 Transition Met* V 365 Transition Met Treasury Metal T 1569 O 291 Treasury Metal* Trecora Res* N 434 Tres-Or Res* O 0 Tres-Or Res V 40 Trevali Mng* O 589 Trevali Mng T 6841 Tri Origin Exp V 2359 Trident Gold V 218 Trifecta Gold* O 205 Trifecta Gold V 136 Trilogy Mtls T 169 Trilogy Mtls* X 2138 TriMetals Mng* O 28 Trinity Res* O 4 Trinity Valley V 1554 O 2046 Trio Resources* TriStar Gold V 125 TriStar Gold* O 163 Triumph Gold V 203 O 228 Triumph Gold* Troilus Gold* O 95 Troilus Gold T 735 Troubadour Res V 309 Troy Res* O 5 True North Gem* O 7 29 True North Gem V

0.18 0.14 0.15 - 0.03 0.58 0.14 0.00 0.00 0.04 unch 0.00 0.07 0.04 0.10 0.08 0.08 - 0.01 0.85 0.08 0.35 0.29 0.30 - 0.04 0.65 0.15 0.23 0.00 0.21 - 0.02 0.49 0.11 0.55 0.43 0.49 - 0.06 1.58 0.12 0.06 0.06 0.06 unch 0.00 0.07 0.02 0.08 0.07 0.07 - 0.02 0.08 0.03 0.16 0.13 0.13 - 0.02 0.18 0.12 0.08 0.00 0.08 unch 0.00 0.14 0.03 0.07 0.06 0.06 - 0.01 0.08 0.03 0.05 0.03 0.04 + 0.00 0.06 0.02 0.13 0.13 0.13 unch 0.00 0.15 0.04 2.25 1.97 1.97 + 0.02 2.54 1.00 0.08 0.06 0.06 unch 0.00 0.14 0.06 0.06 0.03 0.04 - 0.02 0.11 0.02 0.13 0.07 0.11 + 0.01 0.37 0.07 0.09 0.05 0.07 - 0.01 0.28 0.05 0.04 0.04 0.04 + 0.01 0.08 0.02 0.04 0.04 0.04 unch 0.00 0.11 0.04 0.12 0.07 0.12 + 0.05 0.19 0.06 0.21 0.14 0.20 + 0.02 0.64 0.14 0.16 0.15 0.16 + 0.02 0.47 0.13 0.45 0.00 0.40 - 0.05 1.00 0.30 0.44 0.33 0.35 - 0.04 5.27 0.33 0.75 0.46 0.53 - 0.03 6.95 0.46 0.02 0.02 0.02 - 0.01 0.05 0.02 0.14 0.10 0.12 - 0.01 0.24 0.07 1.90 0.00 1.90 + 0.13 3.80 0.50 0.36 0.22 0.22 - 0.14 0.55 0.12 10.75 6.19 9.31 + 1.37 17.13 6.19 16.00 8.79 12.95 + 1.79 22.45 8.79 0.26 0.21 0.22 - 0.02 0.42 0.22 0.33 0.27 0.30 - 0.04 0.59 0.27 0.02 0.02 0.02 - 0.01 0.05 0.02 0.02 0.02 0.02 - 0.01 0.07 0.02 0.10 0.08 0.08 - 0.02 0.18 0.08 0.15 0.11 0.14 + 0.01 0.24 0.10 0.19 0.15 0.15 - 0.02 0.42 0.15 0.13 0.11 0.11 - 0.01 0.32 0.11 6.14 4.80 5.44 + 0.10 10.54 4.40 0.00 0.00 0.06 unch 0.00 0.15 0.01 0.07 0.07 0.07 unch 0.00 0.30 0.07 0.07 0.05 0.05 - 0.01 0.36 0.05 0.10 0.07 0.07 - 0.02 0.49 0.07 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.16 0.12 0.12 unch 0.00 0.20 0.12 0.03 0.01 0.01 - 0.02 0.04 0.01 0.03 0.02 0.02 unch 0.00 0.06 0.02 1.87 1.50 1.53 - 0.31 4.10 1.50 1.34 1.03 1.08 - 0.24 3.13 1.03 0.07 0.05 0.06 - 0.00 0.13 0.03 0.10 0.00 0.10 unch 0.00 0.50 0.01 0.07 0.04 0.05 + 0.01 0.15 0.04 0.00 0.00 0.00 - 0.00 0.01 0.00 0.24 0.19 0.22 - 0.03 0.37 0.10 0.18 0.13 0.16 - 0.02 0.28 0.07 0.18 0.07 0.17 + 0.05 0.58 0.07 0.13 0.06 0.12 + 0.03 0.44 0.06 0.36 0.00 0.33 + 0.01 0.72 0.30 0.62 0.42 0.50 + 0.05 1.16 0.42 0.03 0.03 0.03 unch 0.00 0.14 0.02 0.05 0.05 0.05 - 0.01 0.09 0.03 0.05 0.02 0.02 - 0.03 0.14 0.04 0.07 0.07 0.07 unch 0.00 0.28 0.05

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Tsodilo Res V 115 Tudor Gold V 897 Tudor Gold * O 94 O 282 Turmalina Met* Turmalina Met V 820 Turquoise HIl* N 16665 Turquoise HIl T 6111 TVI Pacific V 5686 TVI Pacific* O 1176 Tymbal Res V 14 Typhoon Expl V 12

0.06 0.06 0.06 unch 0.00 0.24 0.05 0.48 0.38 0.44 - 0.06 1.07 0.26 0.32 0.27 0.29 - 0.03 0.81 0.20 0.35 0.20 0.35 + 0.08 0.65 0.20 0.45 0.27 0.39 + 0.06 0.86 0.27 0.43 0.30 0.36 - 0.07 1.77 0.30 0.61 0.43 0.52 - 0.08 2.36 0.43 0.02 0.01 0.01 - 0.01 0.02 0.01 0.01 0.00 0.01 - 0.00 0.01 0.00 0.04 0.02 0.02 - 0.02 0.06 0.02 0.05 0.03 0.04 unch 0.00 0.07 0.02

U.S. Gold* D 818 U.S. Lithium* O 1813 Ubique Mineral C 13 UC Res* O 286 Ucore Rare Mtl V 2664 Ucore Rare Mtl* O 3982 UEX Corp T 1635 Ultra Resource* O 4 V 175 Ultra Resource Umbral Enrgy* O 310 Unigold* O 55 Unigold V 1042 United Battery* O 41 C 20 United Battery 3 United Res Hdg* O United States A* X 123 United States S* N 123735 O 0 Universal Cop* Universal Cop V 65 V 145 Universal Vent Ur-Energy T 560 Ur-Energy* X 2945 583 Uragold Bay Rs V X 8535 Uranium Energy* Uranium Hunter* O 8 Uranium Res* D 489 V 295 Uranium Roylty Uranium Roylty* O 177 Uravan Mnrls* O 15 Uravan Mnrls V 564 UrbanGold Min V 300 USCorp* O 743 Usha Res V 125 Val-d’Or Mg V 0 N 180953 Vale* Valley High Mg* O 1974 ValOre Metals* O 35 ValOre Metals V 438 Valterra Res* O 10 Valterra Res V 74 Vanadian Enrgy* O 379 V 1021 Vanadian Enrgy Vanadium One* O 30 Vanadium One V 300 O 200 Vanadiumcorp* V 373 Vanadiumcorp Vangold Res V 771 Vangold Res* O 0 Vanstar Mng Rs* O 503 627 Vanstar Mng Rs V Velocity Mnrls* O 50

4.55 0.26 3.29 - 0.16 15.30 2.61 1.48 0.83 1.05 - 0.06 1.74 0.15 0.04 0.04 0.04 unch 0.00 0.17 0.03 0.16 0.11 0.15 - 0.02 0.70 0.11 0.14 0.09 0.10 - 0.03 0.34 0.09 0.10 0.06 0.07 - 0.02 0.25 0.06 0.09 0.07 0.08 - 0.01 0.20 0.07 0.03 0.03 0.03 unch 0.00 0.09 0.03 0.05 0.02 0.03 + 0.01 0.10 0.02 0.10 0.07 0.10 - 0.00 0.54 0.07 0.10 0.07 0.07 - 0.03 0.21 0.07 0.13 0.10 0.11 - 0.03 0.27 0.09 0.21 0.07 0.08 - 0.00 0.24 0.03 0.20 0.00 0.11 - 0.03 0.30 0.01 0.02 0.00 0.02 unch 0.00 0.09 0.02 0.35 0.25 0.30 - 0.04 0.80 0.25 6.25 4.54 5.29 - 0.13 20.53 4.54 0.00 0.00 0.01 unch 0.00 0.09 0.01 0.06 0.04 0.05 unch 0.00 0.42 0.04 4.59 3.50 3.95 - 0.09 6.50 3.45 0.51 0.42 0.42 - 0.13 1.30 0.41 0.37 0.28 0.29 - 0.10 0.99 0.28 0.06 0.05 0.05 - 0.01 0.11 0.05 0.60 0.35 0.57 + 0.05 1.58 0.35 1.50 0.00 1.35 - 0.10 3.50 0.55 1.34 0.75 1.01 - 0.08 9.85 0.25 0.90 0.80 0.89 - 0.01 1.28 0.80 0.65 0.56 0.63 - 0.02 0.95 0.56 0.01 0.01 0.01 unch 0.00 0.04 0.00 0.02 0.01 0.01 unch 0.00 0.05 0.01 0.10 0.10 0.10 unch 0.00 0.18 0.10 0.00 0.00 0.00 + 0.00 0.00 0.00 0.16 0.15 0.15 unch 0.00 0.19 0.11 0.00 0.00 0.06 unch 0.00 0.15 0.03 8.64 6.84 6.98 - 1.72 14.19 6.61 0.00 0.00 0.00 - 0.00 0.01 0.00 0.14 0.09 0.13 - 0.00 0.31 0.09 0.17 0.14 0.15 - 0.02 0.41 0.14 0.03 0.03 0.03 - 0.00 0.28 0.03 0.05 0.04 0.04 - 0.01 0.35 0.04 0.01 0.01 0.01 - 0.00 0.04 0.00 0.04 0.02 0.02 - 0.01 0.06 0.01 0.05 0.04 0.04 - 0.02 0.12 0.03 0.05 0.04 0.05 unch 0.00 0.21 0.04 0.05 0.03 0.04 - 0.01 0.10 0.02 0.06 0.00 0.05 - 0.01 0.10 0.03 0.04 0.03 0.03 - 0.01 0.06 0.03 0.00 0.00 0.04 + 0.00 0.04 0.03 0.60 0.31 0.46 - 0.03 0.66 0.12 0.90 0.45 0.58 - 0.04 0.90 0.17 0.19 0.15 0.19 + 0.04 0.44 0.15

U-V

(100s) Stock

Week

12-month

(100s)

Exc Volume High Low Last Change High Low

Velocity Mnrls V 586 Vendetta Mng V 1653 Vendetta Mng* O 218 V 45 Venerable Vent Venture Mnrls* O 4 Verde Potash T 189 Verde Res* O 108 Veris Gold* O 25 Vertical Expl V 209 Victoria Gold* O 160 Victoria Gold T 493 Victory Metals* O 58 Victory Metals V 146 O 1 Victory Nickel* Victory Nickel C 2 Virginia Enrgy* O 88 Virginia Enrgy V 40 Viscount Mng V 486 51 Visible Gold M V Visible Gold M* O 8 Vision Lithium V 474 Vision Lithium* O 7 Vista Gold* X 2506 Vista Gold T 75 Viva Gold* O 43 Viva Gold V 37 Vizsla Res V 581 Vizsla Res * O 197 Volcanic Gold V 95 Volcanic Gold* O 6 Volt Energy V 32 Voyageur Min* O 4 Voyageur Min V 395 VR Resources* O 316 VR Resources V 447 Vulcan Mnrls V 84 VVC Expl V 1972

0.27 0.20 0.26 + 0.03 0.58 0.20 0.04 0.03 0.04 unch 0.00 0.12 0.03 0.03 0.01 0.03 + 0.00 0.09 0.01 0.07 0.07 0.07 unch 0.00 0.10 0.05 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.36 0.21 0.23 - 0.07 0.82 0.26 0.01 0.01 0.01 unch 0.00 0.10 0.01 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.03 0.02 0.03 + 0.01 0.09 0.02 4.55 2.88 3.97 - 0.01 7.56 2.88 6.45 4.02 5.59 + 0.16 9.90 4.02 0.34 0.11 0.14 - 0.03 0.57 0.11 0.22 0.17 0.19 - 0.06 0.76 0.17 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.00 0.00 0.02 unch 0.00 0.05 0.01 0.06 0.03 0.04 - 0.00 0.25 0.03 0.06 0.00 0.06 unch 0.00 0.37 0.04 0.32 0.20 0.29 - 0.03 0.35 0.15 0.06 0.05 0.05 - 0.02 0.14 0.04 0.07 0.06 0.07 unch 0.00 0.07 0.03 0.05 0.01 0.03 - 0.02 0.18 0.01 0.03 0.02 0.02 - 0.01 0.13 0.02 0.52 0.37 0.47 + 0.09 1.05 0.36 0.73 0.52 0.68 + 0.16 1.39 0.51 0.15 0.09 0.13 - 0.00 0.28 0.09 0.21 0.14 0.21 + 0.02 0.43 0.14 0.31 0.24 0.29 - 0.01 0.96 0.13 0.22 0.16 0.19 - 0.02 0.73 0.16 0.19 0.05 0.15 - 0.01 0.44 0.05 0.03 0.03 0.03 unch 0.00 0.36 0.03 0.05 0.04 0.04 unch 0.00 0.10 0.02 0.06 0.06 0.06 - 0.01 0.10 0.04 0.08 0.07 0.08 + 0.01 0.12 0.05 0.16 0.10 0.13 + 0.00 0.35 0.09 0.22 0.16 0.17 - 0.01 0.50 0.12 0.04 0.04 0.04 + 0.01 0.21 0.02 0.04 0.02 0.03 - 0.01 0.06 0.02

Walcott Res C 83 Walker Lane* O 77 Walker River* O 368 Walker River V 745 Wallbridge Mng T 11271 Warrior Gold* O 202 Warrior Gold V 346 Waseco Res V 136 Wealth Mnrls V 487 Wealth Mnrls* O 356 O 5 Wescan Gldflds* Wescan Gldflds V 7 O 1907 Wesdome Gold* Wesdome Gold T 12153 West High Yld V 116 West Kirkland V 1961 West Kirkland * O 821 20 West Red Lake* O West Red Lake C 348 Western Areas* O 5 Western Atlas V 70 Western Atlas* O 11 451 Western Copper T Western Copper* X 744 Western Mag V 288

0.11 0.11 0.11 + 0.01 0.20 0.10 0.09 0.07 0.07 - 0.00 0.40 0.02 0.05 0.05 0.05 - 0.01 0.15 0.05 0.08 0.06 0.08 - 0.01 0.21 0.06 0.50 0.33 0.46 - 0.01 0.98 0.27 0.04 0.03 0.03 - 0.00 0.09 0.03 0.05 0.03 0.05 - 0.01 0.13 0.03 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.22 0.13 0.18 - 0.04 0.65 0.13 0.16 0.08 0.11 - 0.04 0.50 0.08 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.04 0.04 0.04 - 0.02 0.11 0.03 6.60 4.10 4.28 - 0.97 8.32 2.95 9.25 5.85 6.18 - 1.16 11.06 3.96 0.13 0.09 0.09 - 0.05 0.36 0.09 0.06 0.05 0.05 - 0.02 0.09 0.03 0.04 0.03 0.04 - 0.01 0.07 0.02 0.04 0.03 0.04 + 0.00 0.10 0.02 0.05 0.04 0.05 + 0.01 0.12 0.04 1.30 1.30 1.30 unch 0.00 2.32 1.30 0.06 0.04 0.06 + 0.02 0.11 0.04 0.07 0.04 0.04 - 0.04 0.07 0.04 0.59 0.45 0.48 - 0.03 1.15 0.44 0.42 0.32 0.34 - 0.03 0.89 0.31 0.12 0.11 0.12 - 0.01 0.35 0.05

Stock

12-month

Exc Volume High Low Last Change High Low

O 171 Western Mag* Western Pac Rs* O 13 Western Potash T 132 Western Res* O 45 Western Troy C* O 14 Western U&V C 313 Western U&V* O 355 Westgold Res* O 0 O 107 Westhaven Vent* Westhaven Vent V 581 Westkam Gold* O 2 Westkam Gold V 233 Westminster Rs V 89 Westmoreland* O 202 WestMountain* O 2 Wheaton Prec M* N 28858 Wheaton Prec M T 15123 White Gold* O 175 White Gold V 343 White Metal R* O 40 White Metal Rs V 311 White Mtn Engy* O 43 Whitehaven Coa* O 8 Wildsky Res* O 9 Wildsky Res V 15 Winshear Gold V 80 Winston Gold* O 4465 Winston Gold C 3777 Wolfden Res* O 36 Wolfden Res V 432 Wolfeye Res V 1497 V 11 Worldwide Res X-Terra Res V 294 X-Terra Res* O 5 Xanadu Mines T 152 Xiana Mng V 79 Xiana Mng* O 7 O 11 Ximen Mining* Ximen Mining V 603 Xtierra Inc V 32 O 31 Xtra-Gold Res* T 90 Xtra-Gold Res Yamana Gold T 52423 Yamana Gold* N 178300 O 3 Yanzhou Coal* Yorbeau Res T 2082 Yukoterre Res C 88 O 0 Zadar Ventures* Zadar Ventures V 7 Zanaga Iron* O 253 C 2690 Zanzibar Gold Zara Res* O 853 O 62 ZEN Graphene* ZEN Graphene V 437 Zena Mining V 125 Zephyr Mnls V 132 Zephyr Mnls* O 73 Zimtu Capital V 44 Zinc One Res V 1676 Zinc One Res * O 52 ZincX Res V 347 ZincX Res* O 638 Zonte Metals V 260 Zonte Metals* O 65

W-Z

Week

23

0.09 0.08 0.08 - 0.01 0.43 0.03 0.21 0.20 0.20 - 0.01 0.42 0.16 0.20 0.13 0.18 - 0.01 0.55 0.11 0.13 0.12 0.13 + 0.01 0.41 0.08 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.49 0.25 0.32 - 0.09 1.55 0.25 0.35 0.15 0.24 - 0.10 1.15 0.15 0.00 0.00 1.22 unch 0.00 1.67 0.90 0.33 0.25 0.28 - 0.03 0.93 0.25 0.47 0.35 0.40 - 0.05 1.25 0.35 0.07 0.00 0.06 - 0.01 0.44 0.02 0.12 0.10 0.10 unch 0.00 0.35 0.10 0.04 0.00 0.04 unch 0.00 0.28 0.04 0.01 0.01 0.01 - 0.01 0.03 0.01 2.90 0.00 2.25 + 0.25 3.00 1.00 28.98 18.66 24.14 + 0.03 34.00 18.66 40.91 26.99 34.76 + 1.29 45.00 26.50 0.49 0.29 0.43 + 0.05 1.05 0.29 0.69 0.41 0.60 + 0.07 1.38 0.41 0.03 0.03 0.03 unch 0.00 0.05 0.00 0.03 0.03 0.03 - 0.01 0.07 0.03 0.01 0.00 0.01 + 0.00 0.07 0.00 1.02 0.91 0.97 - 0.05 3.02 0.91 0.06 0.00 0.06 + 0.02 0.11 0.04 0.09 0.09 0.09 unch 0.00 0.14 0.01 0.05 0.05 0.05 unch 0.00 0.20 0.05 0.06 0.00 0.05 - 0.01 0.13 0.00 0.08 0.01 0.07 - 0.01 0.17 0.01 0.07 0.07 0.07 - 0.00 0.14 0.06 0.10 0.07 0.10 + 0.01 0.19 0.07 0.69 0.45 0.57 - 0.01 1.00 0.45 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.07 0.06 0.06 - 0.02 0.16 0.03 0.05 0.04 0.04 - 0.02 0.10 0.04 0.03 0.01 0.03 + 0.01 0.12 0.01 0.13 0.09 0.10 + 0.02 0.61 0.09 0.10 0.08 0.10 + 0.02 0.44 0.08 0.29 0.26 0.27 + 0.03 0.62 0.21 0.39 0.26 0.38 + 0.06 0.84 0.26 0.04 0.03 0.03 - 0.01 0.08 0.03 0.36 0.30 0.30 - 0.10 0.50 0.20 0.50 0.00 0.46 - 0.07 0.66 0.28 5.27 3.11 3.75 unch 0.00 6.56 2.41 3.65 2.23 2.57 - 0.14 4.94 1.78 0.64 0.00 0.64 - 0.16 1.08 0.64 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.08 0.08 0.08 unch 0.00 0.16 0.08 0.00 0.00 0.15 unch 0.00 0.15 0.07 0.18 0.00 0.17 - 0.01 0.20 0.08 0.00 0.00 0.13 unch 0.00 0.13 0.10 0.06 0.04 0.05 - 0.03 0.32 0.04 0.01 0.01 0.01 - 0.00 0.63 0.00 0.25 0.17 0.20 - 0.01 0.46 0.17 0.32 0.26 0.27 - 0.07 0.61 0.26 0.05 0.04 0.04 - 0.01 0.10 0.04 0.21 0.18 0.21 + 0.01 0.34 0.15 0.14 0.12 0.14 - 0.00 0.54 0.12 0.10 0.08 0.08 - 0.01 0.30 0.08 0.02 0.01 0.01 unch 0.00 0.08 0.01 0.01 0.00 0.00 - 0.01 0.06 0.00 0.09 0.06 0.09 + 0.01 0.25 0.06 0.05 0.04 0.04 + 0.00 0.18 0.04 0.24 0.17 0.22 - 0.03 0.39 0.17 0.19 0.14 0.15 - 0.04 0.30 0.14

BID-ASK — MARCH 16–20, 2020

STOCK

12-MONTH

EXC BID ASK LAST HIGH

12 Exploration African Metals Aftermath Silv Aguila Amer Gd Allante Res Alturas Min AM Resources American CuMo American Uran Amilot Capital AMV Capital Anconia Res Anglo-Bomarc Angus Ventures Antler Hill Archon Mineral Arcus Dev Grp Atlanta Gold Atlantic Indus Aurelius Min Aurora Royal Austin Res Auxico Res Banro Corp* Bard Ventures Barker Min Barrian Mining BC Moly Bearclaw Cap BHK Mining Blackheath Res Bond Resources Boss Power Brigadier Gold Brunswick Res Bullion Gold Cairo Res Camrova Res Canada Coal Canada One Canadian Silv Candelaria Mg Carlin Gold Cassius Vents CAT Strategic Cautivo Mining Central Iron Central Tim Ex Centurion Mnls Century Metals Cerro de Pasc Chinapintza Mg CIM Intl Grp Clarmin Explor Cliffs Nat Res* Clydesdale Res CMX Gold & Sil Comet Inds CWN M’g Acq Cyprium Mng District Metal EastCoal Inc Edison Cobalt Electra Stone Empire Metals Equitorial Ex Everton Res Excalibur Res Explorex Res Fabled Copper Fieldex Expl Finlay Minrls Finore Mng Fiorentina Min Fire River Gol Firestone Vent Fort St J Nick Freedom Egy Full Metal Mnl Fusion Gold Galleon Gold GAR Limited General Moly

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

20-23_MARCH23_StockTables.indd 23

0.05 ...

0.15 0.25 0.06 0.09 0.06 0.24 0.25 0.25 0.33 0.09 0.30 0.17 0.24 0.10 ...

0.16 0.19 0.01 0.01 0.01 0.02 ... 0.04 0.04 0.16 0.06 0.07 0.06 0.01 0.24 0.06 0.06 0.02 0.03 0.03 0.06 0.07 0.20 0.08 0.08 0.01 0.01 0.01 0.02 0.08 0.08 0.15 0.18 0.36 0.40 0.55 0.06 0.09 0.06 0.09 0.10 0.44 0.21 0.60 0.01 0.02 0.02 0.05 0.03 0.04 0.03 0.04 0.01 0.02 0.01 0.02 0.13 0.14 0.14 0.15 0.02 0.03 0.02 0.10 0.04 0.06 0.06 0.13 0.03 0.05 0.03 0.22 0.11 0.11 0.11 2.10 0.08 0.14 0.14 0.26 0.01 0.01 0.01 0.01 0.10 0.10 0.13 0.27 0.02 0.21 0.05 0.07 0.01 0.09 0.01 0.03 0.02 0.02 0.02 0.07 0.14 0.08 0.20 ... ...

0.15 0.20 0.17 0.20 0.17 ... 0.13 0.15 0.21 ... 0.03 0.03 0.06 0.15 0.10 0.47 ... ...

0.30 0.34 0.01 0.01 0.07 0.02 0.02 0.02 0.07 0.02 0.04 0.02 0.06 ... 0.06 0.06 0.07 0.10 0.10 0.42 0.01 0.02 0.01 0.03 0.03 0.07 0.05 0.09 0.04 ...

0.04 0.05 ... ...

0.13 0.20 0.01 0.02 0.02 0.03 0.03 0.10 0.06 0.51 0.07 0.07 0.07 0.27 0.06 0.08 0.07 0.11 ... ...

0.29 0.34 0.01 0.01 0.01 0.03 0.02 0.10 0.02 0.19 0.04 0.09 0.05 0.17 1.45 3.20 1.43 7.17 0.01 0.15 0.02 0.03 ...

0.06 0.05 0.08 3.15 3.50 3.30 3.60 0.01 0.04 0.07 0.08 0.03 0.03 0.03 0.10 0.29 0.14 0.30 0.09 0.14 0.09 0.10 ... 0.06 0.06 0.09 0.01 0.02 0.01 0.06 0.28 0.13 0.20 0.01 0.01 0.01 0.06 0.05 0.05 0.03 0.04 0.09 0.10 0.10 0.11 ... 0.50 0.18 0.32 0.03 0.05 0.04 0.08 0.05 0.06 0.06 0.09 0.03 0.04 0.03 0.07 0.12 0.12 0.11 0.05 0.15 0.10 0.20 0.03 0.07 0.09 0.03 0.04 0.04 0.10 0.09 0.18 0.11 0.25 0.02 0.02 0.01 0.03 0.01 0.01 0.10 0.01 ...

0.17 0.30 0.06 0.07 0.06 0.09 ... ...

0.15 4.13 0.20 0.50 0.22 0.59

LOW

STOCK

0.15

Genius Metals Gentor Res Gespeg Res Getty Copper GFM Res GK Resources Global Cop Grp Global Vanad Goldbelt Emp Golden Harp Golden Opp Res Goldstream Mnl GPM Metals Graphite Egy Great Lakes Gr Great Quest Fe Greatbanks Re Green Arrow Green Valley M Grosvenor Res GrowMax Res GSP Resource Guerrero Vents HFX Holding Highvista Gold Hornby Bay Mnl IEMR Res IM Exploration Indico Res Indigo Expl Inform Res Inomin Mines Inspiration Mg Interconnect Intl Battery Intl Samuel Ex Iron South Mng Jubilee Gold Kanadario Gold Kapuskasing Gd Kings Bay Res Knick Expl La Imperial Latin Metals Le Mare Gold Leo Res Lightspeed Dis Lions Bay Cap Lovitt Res M.P.V. Explor Madeira Mrnls MAG Silver* Magna Gold Magna Terra Magnitude Mng Mariner Res Martina Mnls McChip Res Meadow Bay Gd Meridius Res Metalo Manuf Micrex Dev Midnight Star MillenMin Vent Milner Con Slv Minecorp Egy Mineral Hill Mongoose Mg Montana Gold Mountain Lake Navy Res Nebu Res New Jersey Mng New Klondike New Stratus New World Res Newmac Res Nexco Res Noble Metal Nortec Mnls Nrthn Lion NSGold NSS Res Inc

0.05 0.15 0.15 0.01 0.04 0.06 0.01 0.08 0.01 0.14 0.04 0.21 0.01 0.03 0.01 0.03 0.02 0.05 0.02 0.10 0.07 0.01 0.10 0.04 0.01 0.05 0.11 0.13 0.09 0.30 0.01 0.02 0.05 0.01 0.05 0.04 0.09 0.01 0.05 0.04 0.06 0.12 0.01 0.02 0.05 0.98 0.02 0.03 2.75 0.03 0.08 0.05 0.04 0.13 0.01 0.02 0.01 0.15 0.02 0.04 0.02 0.10 0.03 0.08 0.01 0.12 0.01 0.13 0.22

12-MONTH

EXC BID ASK LAST HIGH LOW

C V V V V V V V V V C V V C V V V V V V V V V V V V V C V V V V C V C V V V V V V V C V V C V V V C V X V V V C V V C V C V C V V V V C C C V V C V V V V C V V V V C

0.16 0.17 0.18 0.22 0.03 0.08 0.05 0.07 0.03 0.07 0.05 0.18 0.03 0.03 0.03 0.04 0.02 0.08 0.05 0.05 1.01 1.01 0.26 0.30 0.07 0.08 0.08 0.11 0.17 0.24 0.24 0.28 0.01 0.01 0.02 0.06 0.09 0.10 0.18 0.04 0.10 0.10 0.17 0.01 0.07 0.05 0.09 0.03 0.04 0.04 0.10 0.03 0.03 0.47 1.35 0.05 0.05 0.04 0.08 0.08 0.10 0.06 0.09 0.09 0.15 0.02 0.03 0.02 0.04 0.10 0.14 0.10 0.50 0.06 0.17 0.16 0.16 0.02 0.02 0.09 0.13 0.08 0.15 0.10 0.44 0.35 0.40 0.38 0.48 0.01 ...

0.01 0.06 ... ...

0.17 0.04 0.06 0.05 0.08 0.01 0.02 0.01 0.02 0.03 0.08 0.04 0.15 ... 0.01 0.01 0.01 0.01 0.02 0.01 0.02 0.06 0.16 0.05 0.06 0.03 0.04 0.03 0.05 0.03 0.03 0.03 0.01 0.35 0.06 0.07 ... ...

0.31 0.05 0.09 0.07 0.30 0.24 0.27 0.24 0.28 0.21 0.50 0.47 0.95 0.08 0.23 0.15 0.25 0.03 0.10 0.10 0.14 0.03 0.04 0.04 0.04 0.01 0.01 0.01 0.01 0.01 0.12 0.02 0.12 0.03 0.04 0.03 0.16 0.04 0.04 0.09 0.10 ... ...

1.09 0.01 0.17 0.08 0.15 0.02 0.02 0.02 0.08 0.08 0.13 0.10 0.07 0.12 0.09 0.18 ... ...

0.03 0.03 12.52 13.30 12.52 14.40 0.36 0.36 0.40 0.55 0.01 0.02 0.02 0.05 0.01 ...

0.13 0.20 0.12 0.23 0.16 0.20 0.02 0.19 0.05 0.12 0.51 0.55 0.55 0.74 ... ...

0.04 0.40 0.06 ...

0.15 0.19 0.15 0.25 0.20 0.40 0.02 0.02 0.01 0.11 0.11 0.15 0.34 0.01 0.50 0.05 0.02 0.04 0.02 0.08 ... ...

0.12 0.20 0.15 0.24 0.15 0.08 0.13 0.14 0.15 0.09 0.10 0.10 0.10 ... ...

0.05 0.09 0.17 0.12 0.16 0.04 0.05 0.04 0.10 ...

0.27 0.27 0.01 0.01 0.01 0.08 0.19 0.14 0.25 0.30 0.30 0.21 0.05 0.07 0.07 0.08 0.03 0.07 0.03 0.07 ... 0.01 0.01 0.01 0.01 0.02 0.01 0.05 0.20 0.35 0.12 0.34 0.07 0.19 0.19 0.20 0.02 0.05 0.06 0.18

0.14 0.05 0.03 0.02 0.05 0.15 0.04 0.16 0.04 0.10 0.04 0.04 0.04 0.06 0.02 0.05 0.08 0.08 0.10 0.09 0.01 0.02 0.01 0.04 0.01 0.01 0.03 0.02 0.06 0.05 0.04 0.38 0.15 0.03 0.04 0.01 0.01 0.02 0.03 0.08 0.02 0.06 0.03 6.12 0.19 0.01 0.04 0.15 0.04 0.50 0.20 0.09 0.10 0.11 0.02 0.07 0.11 0.02 0.10 0.15 0.13 0.04 0.03 0.01 0.01 0.10 0.06 0.03

STOCK

12-MONTH

EXC BID ASK LAST HIGH LOW

NxGold Ltd Odyssey Res Opus One Res Ord Mountain Pac Arc Res Pac Bay Mnrls Pac Cascade Pan Andean Min Patriot Gold Pedro Res Philippine Mtl Phoenix Gold Pike Mountain Project One Quantum Cobalt Quartz Mtn Res Rare Element* Regency Gold Reliant Gold Riley Resource Rizal Res Rockland Mnls Rockwealth Res Rojo Res Ross River Roughrider Exp Rover Metals RTG Mining Rubicon Mnrls* Running Fox Rs Sage Gold Saint Jean Samco Gold Scotch Creek ScoZinc Mg Secova Mtls Sennen Potash Sentinel Res Sierra Madre Skarb Explor Slave Lake Zn Southern Emp Southstone Min Spey Resources Stevens Gold Surge Explor Talmora Diamd Thunder Mtn Gd Tiger Intl TomaGold Transatlantic Tres-Or Res Tri-River Vent Trident Gold TriMetals Mng Troy Enrgy True Grit Res Tsodilo Res U3O8 Corp Upper Canyon UrbanGold Min Usha Res Vale* ValOre Metals Vantex Res Vatic Vent Venerable Vent Victory Res Waseco Res Western Pac Rs Western Troy C Whitemud Res Winshear Gold Winston Res Worldwide Res Xander Res Yukoterre Res Zara Res Zenith Explor Zinco Mng Zincore Mtls

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

0.02 0.02 0.03 0.09 0.02 0.05 0.05 0.05 0.03 0.05 0.04 0.06 0.08 0.12 0.08 0.12 0.12 0.25 0.16 0.30 0.10 0.14 0.10 0.15 0.01 0.02 0.01 0.01 0.01 0.09 0.10 0.03 0.09 0.05 0.06 ... 0.24 0.10 0.22 0.02 0.02 0.08 0.14 ... 0.05 0.05 0.07 0.03 0.09 0.06 0.15 0.10 0.15 0.18 0.30 ... ...

1.10 3.15 0.16 0.56 0.17 0.35 0.11 0.16 0.15 0.89 0.01 0.20 0.13 0.14 ... ...

0.02 0.09 0.25 0.11 0.21 0.01 0.02 0.02 0.02 0.07 0.08 0.08 0.11 0.01 0.01 0.46 0.50 ... 0.30 0.19 0.19 ...

0.39 0.26 0.07 0.07 0.06 0.09 0.01 0.01 0.07 0.08 0.03 0.05 0.05 0.11 ... ...

0.03 1.35 0.01 0.02 0.01 0.03 0.01 0.01 0.02 0.02 0.02 0.04 0.04 0.01 0.01 0.05 0.06 0.07 0.12 0.10 0.12 0.24 0.35 0.44 0.90 0.05 0.06 0.05 0.06 ... 1.10 0.45 0.06 0.12 0.10 0.15 0.03 0.03 0.03 0.08 0.02 0.10 0.08 0.10 0.04 0.08 0.09 0.10 0.33 ...

0.34 0.39 0.01 0.01 0.01 0.04 0.03 0.05 0.03 0.09 0.27 0.28 0.27 0.27 0.39 0.44 0.39 0.23 0.01 0.03 0.02 0.06 0.07 ...

0.17 0.17 0.01 0.12 0.13 0.15 0.04 0.04 0.05 0.02 0.02 0.04 0.08 0.06 0.08 0.07 0.30 ... ...

0.04 0.11 0.19 0.12 0.20 0.11 0.12 0.12 0.12 0.01 0.04 0.03 0.05 0.01 ...

0.02 0.02 0.06 0.07 0.06 0.24 0.03 0.03 0.05 0.17 ... 2.00 0.25 0.08 0.11 0.10 0.18 0.12 0.25 0.15 0.19 ... ...

10.24 11.10 0.06 0.07 0.07 0.13 0.10 0.21 0.15 0.33 ... 0.15 0.10 0.02 0.09 0.07 0.10 0.01 0.01 0.02 0.12 0.03 0.04 0.03 0.05 0.30 0.46 0.23 0.58 0.02 0.18 0.02 0.04 0.01 0.02 0.02 0.03 0.12 0.14 0.14 0.15 ... 0.01 0.01 0.05 0.03 0.04 0.03 0.07 0.10 0.15 0.09 ... 0.20 0.08 0.16 ... ...

0.07 0.22 ... ...

0.05 0.20 0.05 0.07 0.05 ... 0.01 0.05

0.03 0.02 0.01 0.08 0.16 0.06 0.03 0.04 0.09 0.04 0.04 0.06 0.13 0.20 0.15 0.06 0.10 0.11 0.01 0.01 0.13 0.18 0.06 0.05 0.05 0.03 0.01 0.02 0.04 0.06 0.34 0.02 0.10 0.02 0.08 0.04 0.33 0.01 0.03 0.25 0.03 0.02 0.17 0.04 0.02 0.07 0.12 0.03 0.02 0.01 0.05 0.04 0.10 0.11 6.57 0.07 0.10 0.05 0.01 0.02 0.20 0.02 0.01 0.05 0.01 0.02 0.08 0.07 0.05

2020-03-21 4:00 PM

24_MARCH30_BackCover.indd 24

2020-03-21 4:01 PM