The Northern Miner May 2 2022 Issue 9 by The Northern Miner Group

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MAY 2 — 15, 2022 / VOL. 108 ISSUE 9 / GLOBAL MINING NEWS · SINCE 1915 / $5.25 / WWW.NORTHERNMINER.COM

Mexico passes bill nationalizing lithium industry REGULATORY ISSUES

| Move could violate USMCA trade agreement

Shelby Yee and Alex Dorsch named Young Mining Professionals of the Year HONOURS

| Winners recognized for

contributions to technology, new discovery

Shelby Yee, co-founder and CEO of RockMass Technologies.

Alex Dorsch, managing director and CEO of Chalice Mining.

ROCKMASS TECHNOLOGIES

CHALICE MINING

The operations team at Banacora Lithium’s Sonora pilot plant in Mexico. The government says it will review all lithium contracts, including projects already being developed in the country. BACANORA LITHIUM

BY CARL A. WILLIAMS BY CECILIA JAMASMIE

exico has officially nationalized its lithium industry after the Senate approved by 87 votes in favour, 20 against and 16 abstentions the mining reform proposed by President Andrés Manuel López Obrador, which gives the state exclusive rights over the battery metal. The law, which came into force on Apr. 21, was approved in record time — only two days after being introduced by López Obrador to Congress. The bill elevates lithium to the category of “strategic mineral,” declaring the exploration, exploitation, and use of lithium to be the exclusive right of the state. It also includes a clause allowing the state to take charge of “other minerals declared strategic” by Mexico. The executive has now 90 days to create a new, decentralized body to deal with all lithium-related matters. Since taking power in 2018, López Obrador has fought to reverse resource reforms under previous governments that opened up the oil and electricity sectors to private investment. He has pushed a resource exploitation model that gives priority to state-controlled companies. The president said his administration will review all lithium contracts, which casts a shadow of doubt over projects already being developed in the country, including the one held by Bacanora Lithium (LSE: BCN) in the country’s northwest. The company, owned by China’s Genfeng Lithium,

SINCE TAKING POWER IN 2018, PRESIDENT LÓPEZ OBRADOR HAS FOUGHT TO REVERSE RESOURCE REFORMS UNDER PREVIOUS GOVERNMENTS THAT OPENED UP THE OIL AND ELECTRICITY SECTORS TO PRIVATE INVESTMENT. The Mexican Senate building. ABALCAZAR/ISTOCK

owns the giant Sonora project, which is slated to produce 35,000 tonnes of the metal per year starting in 2023. The law would likely bring trade tensions with the country’s northern neighbours as it is said to violate the United States-Mexico-Canada Agreement (USMCA). Kenneth Smith Ramos, who headed technical negotiations for the now defunct North American Free Trade Agreement (NAFTA), told local media that declaring lithium a strategic mineral is an issue as lithium was not designated as such when the three nations signed the accord. The Mexican Association of Min-

ing Engineers, Metallurgists and Geologists said in a statement that “clays containing lithium have been located” in the country. “To the best of our knowledge, no country has produced and commercialized lithium from clays,” it added. Most of the world’s current lithium output is locked away in long-term deals as downstream chemicals producers, battery makers and electric vehicles makers are frantically trying to secure future supply. Mexico’s reserves of the soughtafter metal positions it in the 10th place among the world’s top producers, data from the U.S. Geological Survey shows. TNM

Special to The Northern Miner

he winners of this year’s Young Mining Professionals (YMP) awards are Shelby Yee of privately held RockMass Technologies and Alex Dorsch of Chalice Mining (ASX: CHN; US-OTC: CGMLF). The awards are named after two iconic entrepreneurs in the mining industry, Eira Thomas and the late Peter Munk. Shelby Yee has won the 2022 Eira Thomas award and Alex Dorsch the Peter Munk award. This year, due to the Covid-19 pandemic, the awards ceremony has been moved to Sunday, June 12, and will be an outdoor event at the Jump restaurant in downtown Toronto. Since last year’s awards were presented online, the organizers invited Maggie Layman and Matthew Fenton, that year’s winners. The sponsors of this year’s event are Barrick Gold (TSX: ABX; NYSE: GOLD), KPMG, Cassels Brock & Blackwell, and The Northern Miner. Each of the winners were nominated in a public submissions process. They were then discussed and selected by a panel of YMP chapters, including Toronto, Montreal, Vancouver, Perth, Australia, London, U.K., and an equal vote from The Northern Miner. Stephen Stewart, chairman of YMP and CEO of Orefinders Resources (TSXV: ORX) and QC Copper & Gold (TSXV: QCCU; US-OTC: OTCQB), notes that this is the first time an Australian has won the award. “Alex was a runaway choice for

CYBERSECURITY THREATS ON THE INCREASE / 7

the Peter Munk award, and there was no doubt that he would receive my nomination,” he said in an interview. “I’ve been following Chalice closely, and their Julimar project in Western Australia is exactly the kind of project that keeps our industry alive. Alex and his team have done a tremendous job creating a See YMP / 6 PM40069240

MAY 2—15, 2022 / THE NORTHERN MINER

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GLOBAL MINING NEWS

THE NORTHERN MINER / MAY 2—15, 2022

Chile constitution drafters reject mining-adverse proposal ENVIRONMENT

| Assembly rejected articles by five votes

BY CECILIA JAMASMIE

hile’s constitutional assembly has rejected a proposal from the environmental committee seeking to tighten up rules related to the protection of the country’s natural resources, which would have hit the mining sector if they became law. Among the changes suggested, one would grant nature the status of a legal subject with rights, and another would keep environmental crimes free of any statutes of limitations. The changes also sought to extend protections of water sources, glaciers, wetlands and native forest. The articles had already been toned down amid criticism from miners and analysts concerned about radical proposals such as nationalizing key assets. Constituents rejected the 52 articles presented by five votes, preventing voting on individual items and returned the entire proposal to the environmental committee for further revision. To make it into the new constitution, each article needs to receive at least 103 out of the 154 possible votes. This is the second time the committee’s report has been sent back to the drawing board, as the first presentation saw only six of 40 articles approved. Among the approved items there was one that makes it compulsory for the state to deal with the current climate and ecological crisis and one that grants nature the status of

Key expansion to cost Antofagasta US$900M more than planned CHILE

| Los Pelambres copper expansion includes desalinization plant

BY CECILIA JAMASMIE

C Delegates at Chile’s Constitutional Convention. CONVENCIÓN CONSTITUCIONAL

a legal subject with rights, including acknowledging the rights of all animals to be protected from abuses. “We interpret the vote as a signal in the sense that, in addition to raising environmental standards, it is necessary that there are regulations that provide certainty and stability for the development of mining activity,” Chile’s mining council executive president Joaquín Villarino said in a statement. Mining has historically been one of the country’s most important economic sectors, with copper representing the lion’s share of the sec-

tor’s contribution to gross domestic product. The country also hosts the world’s largest known lithium reserves. Any major changes affecting the sector could dramatically impact the supply of minerals that are critical for the world’s industrialization and energy transition, the mining sector has warned. The assembly has until mid-May to approve articles for the draft constitution and until July to have the draft fully completed. Chileans will vote to approve or reject the new constitution on Sept. 4. TNM

hilean miner Antofagasta (LSE: ANTO) said on Apr. 21 that the ongoing expansion of its flagship Los Pelambres copper operation in its home country would cost US$2.2 billion, up from the previous estimate of US$1.7 billion. The revised figure represents a 30% increase from the costs estimated in 2021 and a 70% jump from the original estimate of US$1.3 billion. The company said the main reasons behind the fresh surge were the impact that recent waves of Covid-19 had in costs and the construction schedule, as well as general inflation, including higher input prices, wages, labour incentives and logistics costs. Antofagasta noted the completion schedule for the project remained unchanged with the desalination plant expected to be finalized in the second half of this year and the expanded concentrator plant in early 2023. The Los Pelambres expansion, 73% complete as of the end of March, will add 60,000 tonnes of copper a year over the first 15 years

to the company’s overall production. Throughput at the plant will be increased from 175,000 tonnes of ore a day to an average of 190,000 tonnes a day. The project includes the construction of a desalination plant and water pipeline, which will also benefit the existing operation in cases of prolonged or severe drought, such as the one currently hitting miners and wine makers alike. The facility could also be used for a potential further expansion. The Chilean government recently named the miner in a lawsuit over alleged environmental damage caused in the northern Salar de Atacama salt flats, the world’s driest place. Antofagasta copper production in the first quarter of 2021 was down 24% from the same period last year, and 22% from the previous quarter, at 138,800 tonnes. The expected output drop reflected the effects of a severe drought affecting Chile’s northern and central zone, where Los Pelambres is located. Lower grades mined at Centinela also weighed on results. The company kept its full year 2022 guidance of 660690,000 tonnes. TNM

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MAY 2—15, 2022 / THE NORTHERN MINER

THE VIEW FROM ENGLAND

EDITORIAL GLOBAL MINING NEWS · SINCE 1915

www.northernminer.com

Will the Far North be left out of the critical minerals rush?

GROUP PUBLISHER/ PUBLISHER: Anthony Vaccaro, CFA, MBA avaccaro@northernminer.com EDITOR-IN-CHIEF: Alisha Hiyate, BA (Poli Sci, Hist) ahiyate@northernminer.com MULTIMEDIA SPECIALIST: Henry Lazenby hlazenby@northernminer.com STAFF WRITER: Naimul Karim nkarim@northernminer.com REPORTER AND PRODUCTION EDITOR: Daniel Sekulich dsekulich@northernminer.com PHOTO EDITOR AND PODCAST HOST: Adrian Pocobelli, MA (ENGL) apocobelli@northernminer.com ADVERTISING: Robert Hertzman (416) 898-6654 rhertzman@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@northernminer.com CIRCULATION/CUSTOMER SERVICE: (416) 510-6789 1-888-502-3456 northernminer2@northernminer.com REPUBLISHING: (416) 510-6768 moliveira@northernminer.com ADDRESS: Toronto Head Office 225 Duncan Mill Road, Suite 320 Toronto, ON, M3B 3K9 (416) 510-6789 tnm@northernminer.com SUBSCRIPTION RATES: Canada: C$130.00 one year; 5% G.S.T. to CDN orders. 7% P.S.T. to BC orders 13% H.S.T. to ON, NL orders 14% H.S.T. to PEI orders 15% H.S.T. to NB, NS orders U.S.A.: C$172.00 one year Foreign: C$222.00 one year GST Registration # 809744071RT001 (ISSN 0029-3164) CANADA POST: Return undeliverable Canadian addresses to Circulation Dept. c/o The Northern Miner 225 Duncan Mill Road, Suite 320 Toronto, ON M3B 3K9 Publication Mail Agreement #40069240 Periodicals Postage Rates paid at Niagara Falls, NY, 14304. U.S. office of publication 2424 Niagara Falls Blvd, Niagara Falls, N.Y. 14304. U.S. POSTMASTER: send address corrections to: Northern Miner Box 1118 Niagara Falls, N.Y. 14304.-7118

THE NORTHERN MINER is published biweekly by Glacier Resource Innovation Group, a division of Glacier Media Inc., a leading Canadian media company with interests in business-to-business information services. From time to time we make our subscription list available to select companies and organizations whose products or services may interest you. If you do not wish your contact information to be made available, please contact us by one of the following methods: Phone: 1-888-502-3456; Fax: (416) 447-7658; Mail to: Privacy Officer, The Northern Miner, 225 Duncan Mill Road, Suite 320, Toronto, ON M3B 3K9.

hen Rio Tinto’s Diavik diamond mine closes in 2025, it’s going to put a major dent in the finances of the Northwest Territories. The mine, now 100% owned by Rio Tinto after it acquired Dominion Diamond’s 40% share last year, following Dominion’s filing for insolvency protection in 2020, was Canada’s second diaBY ALISHA HIYATE mond mine, with production starting in 2003. Now, it is the first of the Northwest Territories’ three currently operating diamond mines to be scheduled for closure. Its impact — as an employer of over 1,000 workers and contractors, more than twice that of Gahcho Kué — will also be the biggest. All of the N.W.T.’s diamond mines are aging. Arctic Canadian Diamond’s Ekati could close as soon as 2024 unless its Pine Point extension, expected to feed the operation until 2028, is approved. Gahcho Kué, owned by De Beers and Mountain Province Diamonds, is slated to run until 2028. With natural resources making up 21% of the territory’s GDP (a proportion that was as high as 50% only a decade ago), a future without diamond mines is a bleak one to contemplate for the N.W.T. Tom Hoefer, executive director of the NWT & Nunavut Chamber of Mines, recalls that the discovery of diamonds in Northwest Territories and the opening of Ekati, the first diamond mine in 1998, came along at a time when the territory faced similarly grim economic prospects. The industry was born at the same time the gold mines around Yellowknife shut down, and Nunavut was created, taking with it the Lupin mine. Now, the territory has four advanced projects — all of them critical mineral projects that could help meet burgeoning demand for high-tech and clean technologies. Can the push for critical minerals — which the federal government has belatedly started to pay attention to — help replace those revenues? Even if all four are developed, Hoefer says they won’t make up for what N.W.T. is losing with Diavik alone. “When you look at all four of our critical mineral mines that are that are moving closer towards becoming mines — Nechalacho, NICO, Prairie Creek and Pine Point — the workforces that they are projecting to have all added up don’t equal the workforce at Diavik,” he told The Northern Miner. That means the N.W.T. needs to keep feeding the pipeline with new discoveries. However, the share of Canda’s exploration spending that both N.W.T. and Nunavut attract has been trending downward for the past 20 years. (The Yukon, which moved up from No. 18 to the No. 9 jurisdiction for mining investment globally in the Fraser Institute’s most recent survey, has been faring somewhat better.) In early April, the federal government released what Mining Association of Canada’s vice-president economic and northern affairs, Brendan Marshall described as a “vision budget” for the mining sector. In it, the government pledged to invest $3.8 billion in critical minerals over eight years, with funding proposed to support “priority projects,” critical mineral supply chains, infrastructure, research and geoscience to aid exploration. With this proposed spending, mining is finally being recognized as critical to the planet’s future — and not as a relic of its past. And while the budget itself didn’t include any specific help for mining in the Far North, Federal Transport Minister Omar Alghabra was recently in Yellowknife promoting its contents. The minister’s visit seemed to signal that, when details of the spending outlined in the budget are released, they will benefit the north, where mining is a crucial part of the economy and has supported the growth of Indigenous businesses, expertise and employment. “We’re very interested in what the budget has in it ‘cause it’s got a lot of great words,” Hoefer said. “It’s something that we want to investigate with the federal government to make sure that those great words are applied in the North as well.” Mining in the North is unforgiving. A problem that could be overcome if the mine were located in a lower-cost jurisdiction can easily become fatal for a Northern operation. Hoefer notes that until the 1970s, the federal government used to provide funding for essential infrastructure such as airstrips, roads, other infrastructure and even direct mine investment. While that might be a hard sell for a government that has largely ignored mining until now, there are things that it could do to remove some of the barriers to developing new mines in the North. For one, the three premiers of the territories have been lobbying for an enhanced mineral exploration tax credit created for work done north of 60°. The recent federal budget did contain a widely applauded doubling of the mineral exploration tax credit to 30% for critical minerals. But the Critical Mineral Exploration Tax Credit, which can be applied a number of minerals including nickel, lithium, cobalt, graphite, copper, rare earths elements, zinc, platinum group metals, and uranium, still leaves the North disadvantaged. “In the North, we’re not like B.C. or Ontario or Quebec where we have enough of a tax base that we can offer our own flow-through regime,” says Mike Burke, a director of the Yukon Chamber of Mines and former head of mineral services for the Yukon Geological Survey who also has experience with juniors exploring the territory. “So the North has always been lobbying to have some sort of flow-through tax credit regime that that they could use. Investors in the Yukon can still invest in flow-through shares, but they only get 100% tax credit, whereas in B.C. it’s 133%-plus now with the critical minerals credit,” said the geologist. Permitting is another area that the federal government could help make more efficient. The Yukon government is currently drawing up a modernized mining act to replace the Quartz Mining Act and Placer Mining Act, which both have roots in regulations enacted in 1898. On the federal See EDITORIAL / 9

DEPARTMENTS Professional Directory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Market News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Metal, Mining and Money . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Stock Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20-23

COLUMN

| Miners suffering from unintended consequences

BY DR. CHRIS HINDE Special to The Northern Miner

s mining booms, the industry is suffering from the employment consequences of earlier bear-market bites. Most of us are aware from an early age that every action has consequences. Adults learn that these outcomes might be complicated, and that not all are foreseeable. This is especially true when multiple independent corporate decisions are taken that come to have an impact at the global level. So it is with cutting mining jobs in times of depressed metals prices, and expecting employees to come running back when prices recover. We should have known better. Unintended consequences were first aired publicly in England almost 330 years ago by John Locke in a letter to Sir John Somers. Locke (1632-1704) was a philosopher and physician, widely regarded as one of England’s most enlightened thinkers and commonly considered as the ‘Father of Liberalism.’ In his communication of 1695, Locke discussed the unintended consequences of interest rate regulation with Sir John (1651-1716), who was Lord High Chancellor of England under King William III (and chief architect of the union between England and Scotland in 1707). Actually, Locke’s ‘letter’ was rather more a report as it ran to over 27,000 words (although Locke did end the missive by writing that he had explained the issue with “as much brevity and clearness as I could.”) Locke was an early advocate of social contract theory. He wouldn’t have needed EY to report (as it just did) that workforce challenges are on the minds of global mining executives, and that employment issues are among the top 10 mining industry risks for 2022. The issue has been looming for years. In 2019, Ryan Montpellier, executive director of Canada’s Mining Industry Human Resources Council (MiHR), wrote “To have a sufficient talent pipeline for the Canadian mining sector, the industry will need to recruit approximately 100,000 new workers.” He warned, “Companies competing for this talent will cause a shortage for the entire sector. To ensure a sufficient talent pipeline, mining companies will have to grow the pie together, instead of approaching this shortage by trying to grab the biggest share of recruits.” More recently, Montpellier signalled that “demand for talent has outpaced supply,” and “Canadian companies have hundreds of positions they just can’t fill.” Worryingly, MiHR calculates that 60,000 mining workers will retire by 2030,

forcing companies to deal with replacement demand even as they need to fill net new positions. There are similar problems in most jurisdictions. In Western Australia, for example, the mining and resources sector might need up to 40,000 more workers by mid-2023, according to modelling commissioned in mid-2021 by the Chamber of Minerals and Energy. CME called on industry and government to collaborate on ways to combat the shortages. In a late 2021 survey, KPMG compiled the views of more than 400 mining executives, and nearly two-thirds of the respondents nominated “finding and retaining talent” as their overwhelming concern, with fears that the problems may persist for up to another five years. BHP recently warned of “ongoing labour mobility restrictions,” and the company’s head of Australian mining, Edgar Basto, told reporters “We expect labour market tightness and competition for skills to increase in 2022.” Despite Australia’s hard borders being lifted as Covid restrictions are eased, the Australian Financial Review warned on Apr. 14 that Western Australia’s mining industry is currently “short more than 10,000 workers,” based on new analysis that “shines a light on the lingering side effects of the WA government’s cautious management of the pandemic.” In its December 2021 Workforce Report, LinkedIn noted “workers in the energy and mining industry have, on average, been applying for work in other industries more frequently than applicants in other sectors.” The LinkedIn report said transitioning energy and mining workers have primarily moved into manufacturing, construction, software and IT services, corporate services and finance occupations since 2019. Mining-employment issues include an aging workforce, the length of time it takes to develop the necessary technical expertise and knowledge, and a lack of new talent coming into the industry. Mining is a cyclical business and, unfortunately, the historical cost-saving method of laying off employees during bear markets has come home to roost. Coupled with its poor reputation and remote locations, mining cannot afford its awful record as a stable employer. Over 300 years ago, Locke would have been able to explain the merit of long-term employment relations in a volatile industry. TNM Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

COMPANY INDEX Agnico Eagle Mines. . . . . . . . . . . . . . . . . 16 Antofagasta . . . . . . . . . . . . . . . . . . . . . . . .3,8 Asante Gold . . . . . . . . . . . . . . . . . . . . . . . . 5 Avalon Advanced Materials . . . . . . . . . . 11 Bacanora Lithium . . . . . . . . . . . . . . . . . . . 1 Barrick Gold . . . . . . . . . . . . . . . . . . . . . . .1,8 BHP . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6,15 BMC Minerals . . . . . . . . . . . . . . . . . . . . . 13 Chalice Mining. . . . . . . . . . . . . . . . . . . . .1,6 Dundee Precious Metals . . . . . . . . . . . . . 14 Endeavour Mining. . . . . . . . . . . . . . . . . . . 7 Falcon Metals . . . . . . . . . . . . . . . . . . . . . . . 6 Ford Motor Company . . . . . . . . . . . . . . . . 7 General Motors . . . . . . . . . . . . . . . . . . . . . 7 Getchell Gold . . . . . . . . . . . . . . . . . . . . . . . 7 Glencore . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 GoldMining . . . . . . . . . . . . . . . . . . . . . . . 16 Kinross Gold. . . . . . . . . . . . . . . . . . . . . .5,16 Liontown Resources . . . . . . . . . . . . . . . . . 7 Lundin Gold . . . . . . . . . . . . . . . . . . . . . . . . 9 Mawson Gold . . . . . . . . . . . . . . . . . . . .13,14 Mountain Province Diamonds . . . . . . . 12 New Found Gold . . . . . . . . . . . . . . . . . . . 10 Newmont. . . . . . . . . . . . . . . . . . . . . . . . . . 16

Nexa Resources . . . . . . . . . . . . . . . . . . . . . 6 Nighthawk Gold. . . . . . . . . . . . . . . . . . . . 14 Novo Resources . . . . . . . . . . . . . . . . . . . . 10 Orefinders Resources . . . . . . . . . . . . . . . . 1 PJX Resources . . . . . . . . . . . . . . . . . . . . . . 7 QC Copper & Gold . . . . . . . . . . . . . . . . . . 1 Resolute Mining . . . . . . . . . . . . . . . . . . . . . 5 Rio Tinto . . . . . . . . . . . . . . . . . . . . . . . .15,16 Sabina Silver & Gold . . . . . . . . . . . . . .14,15 Seabridge Gold . . . . . . . . . . . . . . . . . . . . . 10 Sigma Lithium . . . . . . . . . . . . . . . . . . . . . . 9 Sixty North Gold Mining . . . . . . . . . . . . 16 Solaris Resources . . . . . . . . . . . . . . . . . . . . 9 South32 Ltd. . . . . . . . . . . . . . . . . . . . . . . . 15 Teck Resources . . . . . . . . . . . . . . . . . . . .6,13 Tesla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Trilogy Metals. . . . . . . . . . . . . . . . . . . . . . 15 UCore Rare Metals . . . . . . . . . . . . . . . . . 12 Victoria Gold . . . . . . . . . . . . . . . . . . . . .7,15 Vital Metals . . . . . . . . . . . . . . . . . . . . . .11,12 Volkswagen . . . . . . . . . . . . . . . . . . . . . . . . . 7 Western Copper and Gold . . . . . . . . .15,16 Wheaton Precious Metals. . . . . . . . . . . . 15 White Gold . . . . . . . . . . . . . . . . . . . . . . . . 16

GLOBAL MINING NEWS

THE NORTHERN MINER / MAY 2—15, 2022

Western Australia is world’s new top mining destination INVESTMENT

| Saskatchewan rises to second place in annual survey Investment Attractiveness Index 2021

BY CECILIA JAMASMIE

esource-rich Western Australia has been named as the most attractive region for mining investment in 2021, replacing the state of Nevada, which fell to the third place in the latest annual survey of mining companies released by the Fraser Institute. Prairie province Saskatchewan continues to be on the podium, climbing from third place overall in 2020 to second position in the 2021 index, which takes both mineral and policy perception into consideration. Nevada, which topped the 2020 ranking, placed third last year, followed by Alaska, Arizona, Quebec, Idaho, Morocco, Yukon, and South Australia. The U.S. was the country with the most jurisdictions considered among the world’s 10 most attractive by mining investors — Nevada, Alaska, Arizona and Idaho. Canada followed closely with three provinces at the top of the index — Saskatchewan, Quebec and the Yukon. Australia only had two states among the best 10 destinations — Western Australia and Southern Australia. As in previous years, the best places to invest in mining are located in developed countries with long histories of success in the industry. However, the number of available projects in the top jurisdictions are limited, while some of the world’s best deposits are in places where doing business is, or is perceived as, risky. Zimbabwe, which has an abundance of resources, including gold, platinum, diamonds, lithium,

Nevada

Senegal* La Rioja

Arizona

Catamarca California

Idaho

Indonesia

Morocco*

Brazil

Yukon

Norway

South Australia

Mauritania*

Utah

Minnesota*

Ontario

Rio Negro*

Finland

Papua New Guinea

Northern Territory

Philippines*

Ireland, Republic of

Burkina Faso*

British Columbia

Namibia

Sweden Queensland

Turkey

AutoHaul train in Western Australia. RIO TINTO

Australia: Tasmania*

Greenland*

Colorado

Liberia*

chrome, and coal, ranked as the least attractive jurisdiction in the world for investment followed by Spain, the Democratic Republic of Congo (DRC) and Mali. Also in the bottom 10, beginning with the worst, are Nicaragua, China, Panama, Argentina’s Mendoza province, Venezuela and South Africa.

Newfoundland & Labrador

Mongolia*

Permitting timelines The survey also included a sub-ranking of exploration jurisdictions, based on the length of their permitting process. This year’s report went beyond Canada, gathering data from Australia, the U.S. and Scandinavia, all regions where mining, environmental and other policies are broadly comparable. In most Canadian provinces and territories, the majority of respondents said they were able to acquire the necessary exploration permits within six months. There were some

| Miner exits Ghana with US$225M deal

inross Gold (TSX: K; NYSE: KGC) is selling its 90% interest in the Chirano mine in Ghana to fellow Canadian Asante Gold (CSE: ASE) in a cash and shares deal worth US$225 million. The open pit and underground mining operation in southwestern Ghana produced 154,668 goldequivalent ounces in 2021, compared to 166,590 oz. in 2020 and is located immediately south of Asante’s Bibiani gold mine. The government of Ghana holds a 10% interest. Toronto-based Kinross will receive US$115 million in cash and a number of Asante common shares having a value of US$50 million based on the 30-day average price of the buying company prior to closing. Kinross will also receive a total deferred payment of US$60 million

Guinea (Conakry)

Quebec

Kinross sells Chirano gold mine to Asante BY CECILIA JAMASMIE

Jujuy

Saskatchewan

Alaska

A surveyor at Kinross Gold’s Chirano gold mine in Ghana. KINROSS GOLD

M&A

Western Australia

in cash, with 50% payable on the first anniversary of closing and the other 50% payable on the second anniversary of closing. Chirano represented nearly 3% of Kinross’s total reserves as of yearend 2021 and with its sale, the company will no longer have assets or interests in Ghana. The deal, expected to close around the end of May, follows Kinross’s move earlier this month to sell all its Russian assets to Highland Gold Mining. Before the invasion of Ukraine, Kinross had forecast that about 13% of its global production would come from Russia, where it operated for 25 years. Asante, which acquired Bibiani from Australia’s Resolute Mining (LSE: RSG; ASX: RSG) last year, began production at the asset in February. TNM

notable differences among regions, particularly when comparing Manitoba, where 42% of participants said it took them 24 months or more to obtain all necessary permits, versus British Columbia, where the majority said it took between three and six months. Quebec performed the best, with 60% of respondents indicating that they received exploration permits in two months or less. When comparing the four regions included in the survey — Canada, the United States, Australia, and Scandinavia — Canadian jurisdictions have, on average, a higher percentage of respondents indicating that it took six months or less for them to receive their permits. TNM

San Juan

Washington*

New Mexico

Kazakhstan

Ecuador

Botswana*

Montana

Tanzania*

Wyoming

Niger*

Salta

Guyana*

Nunavut

Bolivia

Colombia

Nova Scotia

Alberta

New Zealand*

Chile

Chubut

Manitoba

Kyrgyzstan*

New South Wales

South Africa*

Mexico

Venezuela*

Northwest Territories

Mendoza*

New Brunswick

Panama*

Michigan*

China*

Northern Ireland*

Nicaragua*

Victoria

Mali*

Santa Cruz

Democratic Republic of Congo (DRC)*

Russia* Peru

Spain*

Ghana

Zimbabwe* 0

100

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MAY 2—15, 2022 / THE NORTHERN MINER

EV demand to Market volatility expected to hit Q1 drive global shortage earnings for base metals miners | War and talk of recession could have significant in magnet rare earth impact on the sector oxides by 2035 FORECAST

BY DANIEL SEKULICH

REES

| Adamas Intelligence predicts

three-fold increase in market

he value of global magnet rare earth oxide consumption will triple by 2035, from US$15.1 billion to US$46.2 billion, according to a new report published by Adamas Intelligence, an independent research group. It also predicts the lack of new primary and secondary supply sources for rare earth oxides in the market from 2022 onwards, coupled with the inability of existing producers to increase their output, will create a major neodymiumpraseodymium (NdPr) oxide shortage by 2035. “We forecast that global shortages of neodymium, praseodymium and didymium oxide (or oxide equivalents) will collectively rise to 21,000 tonnes annually by 2030 and 68,000 tonnes by 2035 — an amount roughly equal to China’s total production last year,” a statement from the research group said. China is the world’s biggest producer of rare earths, a group of 17 minerals employed in a range of applications, including permanent magnets used in electric vehicles and renewable energy devices, the demand for which has increased as the world looks to meet its decarbonization goals. The Asian juggernaut controls about 85% to 90% of the world’s rare earths processing. The merger of three rare earth

YMP from 1

multi-billion dollar company, and it is probably the biggest success story of the year.” Competition for the Eira Thomas award was very close this year, says Stewart, but adds that Yee was a clear choice for the award. “Shelby went out on a limb and took a risk creating her own company. But she’s really moved the needle in developing an innovative technology to drive the industry forward and fully deserved to win the award.” Shelby Yee Shelby Yee is the CEO and cofounder of RockMass Technologies, a Toronto-headquartered mining and geosciences technology start-up. Born in Winnipeg, Man., and now based in Vancouver, Yee has also lived in Vermont, Toronto, Calgary, Shenzhen in China, and Singapore. She earned a Bachelor of Science degree in geological engineering at Queen’s University in Kingston, Ont. “When I was eleven years old, my family moved to Vermont, where I fell in love with the outdoors,” she said in an interview. “I also grew up going to camps in Ontario, where we’d spend the summer doing lots of canoeing.” These skills came in handy when, in the summer of 2013, Yee and a group of friends set off from Yellowknife in the Northwest Territories and canoed 1,400 km to Baker Lake in Nunavut. “It’s probably one of the most remarkable things I’ve ever done, and it was very mentally and physically gruelling,” Yee recalls. “Some days we would paddle up to 80 km, while other days we’d only cover a few hundred metres because of the wind.” She says that memories of that

element producers in China — China Minmetals Rare Earth, Chinalco Rare Earth & Metals and China Southern Rare Earth Group — took place in December last year, a move which analysts said would help the merged company increase control over prices in the international market. Adamas Intelligence expects global shortages of neodymium alloys and powders to reach 66,000 tonnes annually by 2030 and 206,000 tonnes per year by 2035, which is nearly one-third of the total market. It also forecasts the total magnet rare earth oxide demand to increase at a compound annual growth rate (CAGR) of 8.3% and the prices at CAGRs of 3.2% to 3.7%. The research group also said that the global consumption for neodymium magnets jumped 18.1% in 2021 following a pandemicinduced lull in 2020. In its 2022 federal budget, Canada proposed to introduce a new 30% tax credit for mineral exploration expenses incurred in Canada that target rare earth elements and other critical minerals like nickel and lithium. TNM

DAVIDF /ISTOCK

BY NAIMUL KARIM

experience often return to her when she’s facing challenges in life or her job: “I think actually this isn’t hard compared to that trip, and so it allows me to take on the challenge and get through it. It was a great benchmark in my life.” Yee says that as well as the outdoors, she loved math and science growing up, “so when it came time to go university, it was an obvious choice to combine these and study geological engineering.” While pursuing her degree, Yee spent five months studying civil engineering at Nanyang Technological University in Singapore as part of an academic exchange program. “This was the first time I had left the continent, and it was such an eye-opener to experience a completely different culture. It was a great experience and one of the most distinct places I have lived in.” Another highlight during her studies, she adds, was when Yee helped coordinate the transportation of over 3,000 daily spectators for the 2015 Pan American Games, held in Toronto. “I’ve always been a big planner, and this allowed me to gain experience on the operational side of things, where I managed a team of about 80 people,” she says. “I loved being involved in such a dynamic situation where you have to solve problems on the spot and manage the expectation of many different stakeholders. It helped in preparing me for my role with RockMass.” Yee’s studies largely focused on rock mechanics and geotechnical engineering, which involved a lot of design and modelling work, she said. “While working as a geological fields methods teaching assistant, I had gained invaluable experience with field mapping, which has many

espite higher commodity prices, base metal miners are likely to take an earnings hit in the first quarter of the year, as volatile price actions continue in the wake of recent geo-political events, says CIBC Capital Markets. In a research note to clients, CIBC mining analyst Bryce Adams said that economic sanctions on Russia, owing to that country’s invasion of Ukraine, are the main driver of these reduced earnings projections. As a result, after strong growth in 2021, Adams thinks that the base metals sector will now see an average quarterly EBITDA decrease of about 14%. “The war will likely dampen consumption of many base metals as [supply] chains are interrupted. Adams told The Northern Miner. “Russia is a big player and it’s not like others can quickly fill the gap,” he said. “And this creates concerns. Couple that with the ‘r’ word [recession], and the impact on earnings for base metals could be significant.” With global inflation currently exceeding what most expected, plus a war in Ukraine reducing Russia’s exports and then the added recent lockdowns in China that have shuttered parts of its domestic and international markets, the once staid base metals sector is facing challenges it has never seen. However, while these various factors are expected to impact earnings in the first quarter of this year, if not further, Adams does see some positivity within the sector, partic-

similarities to that in the mining industry.” This experience, she adds, exposed her to the difficulties inherent in accurately mapping underground mining environments and drove her to engage more with the mining industry. Throughout her studies, Yee worked in the oil and gas, transportation, and energy industries. However, she realized that she wanted to do something “more fast-paced and dynamic that had more of a grey area.” “It never actually crossed my mind to go into entrepreneurship — it wasn’t something my parents or anyone in my family had done,” she explains. “But I had a couple of friends who had started businesses. I saw what they were doing, and I thought, ‘OK, I think I could do many of the things they are doing.’” During this time, Yee had visited an underground mine and found the experience fascinating. “It was so complex and intricate, and was the perfect storm that set me on my future career path.” Towards the end of her studies, Yee met a software engineer and a mining engineer working on automating geotechnical mapping. “One was working on his PhD, and the other was heading up the off-road robotics lab at the university. It was then that the opportunity arose to commercialize what began as a PhD thesis and bring it into the mining industry.” After graduating with first-class honours in 2016, Yee co-founded RockMass with fellow Queen’s University alumni Matthew Gubasta, now its president, and Stuart Bourne, its chief technical officer. According to Yee, RockMass uses cutting-edge technologies such as

Railway cars transporting coal. IGNATIEV/ISTOCK

ularly for copper, as well as metallurgical coal, and uranium. “Some copper companies could see continued growth this year towards the high end of guidance. Sanctions on Russian [met] coal should push higher prices in the near term. And uranium? It was already getting stronger before the war, and should continue.” Looking at first-quarter 2022 copper earnings, CIBC forecasts an average increase of about 17% in cash costs per pound, with average copper prices rising about 3% quarter over quarter. Adams says that “sporadic supply disruptions in South America and continued global logistical challenges” have kept copper markets tight. This gives him reason to believe there is “some potential for caution in copper fundamentals over the next twelve months,” citing increasing probability of a recession, global consumption impacts and the wait until 2023 for new copper assets to

come online. But visible copper inventories increased about 47% in the first quarter of this year, said Adams, “highlighting an easing tightness in the market.” For met coal, Adams points out that prices rose as sanctions have hit Russia, which provided 16% of global supply in 2021. “The resulting impact in the supply side should be supportive of higher coal prices in the near term,” Adams said, adding that this should bode well for firms like Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK). Adams expects to see coal sales amount to 56% of Teck’s total revenue this quarter versus 41% the same period last year. As for uranium, although decarbonization and green energy concerns were already having an impact on prices before the war, sanctions on Russian uranium are fuelling further gains for the metal, with average spot prices for U3O8 up about 13% quarter over quarter. TNM

computer vision and robotics to create safe and more efficient mining operations. “By automating the collection and processing of geotechnical data, we can provide actionable data to miners at the point of measurement, which can significantly improve operational efficiencies and production optimization, and lead to safer mining environments.” Its flagship platform, Axis Mapper, is the first handheld tool able to digitally measure geotechnical data, such as structural orientation, underground within seconds, says Yee. “The tool calculates dip and dip direction and can combine that information with other data, such as rock mass rating, stereonets, and colour images, and integrates these data with a mining company’s existing database.” In 2018, the company collaborated with Nexa Resources (TSX: NEXA; NYSE: NEXA), a major zinc producer, to field-test a prototype of the tool at one of Nexa’s working mines. RockMass worked with Nexa to advance Axis Mapper by improving its ease of use and integrating workflow functionalities used by Nexa’s geotechnical teams. “We’re now working with miners to streamline and improve the data collection process and are currently working with clients that operate across eight continents,” Yee says. In addition to winning this year’s YMP award, both she and Gubasta were selected as one of Forbes 30 Under 30 in the manufacturing and industry 2021.

nickel-copper-platinum group elements (PGE) project, a 26-km-long, major greenfield discovery in an almost entirely unexplored region of Western Australia, about 70 km northeast of Perth. Dorsch also sits on the board of Falcon Metals (ASX: FAL), a gold exploration company established in 2021 as a demerger of Chalice’s Australian gold assets, comprising the Pyramid Hill, Mt Jackson, and Viking projects. Born and raised in Adelaide in South Australia, Dorsch pursued a Bachelor of Engineering in Mechanical Engineering and a Bachelor of Finance at the University of Adelaide. “I originally thought about going into the aerospace industry, with dreams of exploring space,” he says. “I then got a bit more realistic and decided to do a mechanical engineering degree and a finance degree, which provided me with a solid technical background as well as knowledge of the commercial side of things.” Dorsch says that studying engineering allowed him to develop strong problem-solving skills and the ability to “break down complex problems into lots of smaller problems, which can be more easily solved, and gets you to a solution for the bigger problem.” The project management side, however, appealed to him more than the technical side of engineering. “I was never a nuts-and-bolts person but preferred to look at the bigger problem.” While pursuing his studies, he spent a year as an undergraduate engineer for BHP (NYSE: BHP; LSE: BHP; ASX: BHP) working on the Olympic Dam project in South

Alex Dorsch Alex Dorsch is managing director and CEO of Chalice Mining, an Australian-based explorer and developer. The company is focused on advancing its flagship 100%-owned Julimar

See YMP / 16

GLOBAL MINING NEWS

THE NORTHERN MINER / MAY 2—15, 2022

As cyber threats rise, how vulnerable are mining companies? CYBERSECURITY

| 70% of mining firms have witnessed an increase in disruptive attacks ervoir. The JDS technology would have noted the change in the level and instructed the operator to check the problem, which is what makes the tool unique, he added. The technology was installed in a refinery project this year, Miller said (the name of the company was not disclosed). Aside from providing protection against hacking, it also helped in detecting operational anomalies once the AI/ML went live, she said. “While the AI was learning their system, one of their engineers figured out that the controllers in the circuit were not working. We weren’t monitoring the controllers. But he realized that there was a problem with the controllers because the AI/ML was learning and the AI was flagging anomaly in the data,” said Miller.

BY NAIMUL KARIM

ising geopolitical risks ever since Russia launched its attack on Ukraine, combined with a massive digital transformation in the mining sector in recent years to boost efficiency, has vastly increased the need for companies to update and invest in their cybersecurity systems, analysts and mining executives say. Victoria Gold (TSX: VGCX) warned investors in its annual report in March that the military invasion of Ukraine could lead to “heightened cybersecurity disruptions and threats” in 2022, even though the company doesn’t have any operations in Russia or Ukraine. In the same month, Endeavour Mining (TSX: EDV; LSE: EDV) listed cybersecurity as one of its principal risks and said that companies were becoming “more vulnerable to cyber threats” due to the increasing reliance on digital technology. “Although Endeavour invests heavily to monitor, maintain, and regularly upgrade its systems, there remains a risk that we may be unable to prevent, detect, and respond to cyber attacks in a timely manner,” it said in its annual report. According to Ernst & Young’s Global Information Security Survey published in mid-2021, about 55% of mining executives are worried about their ability to manage a cyber threat. Nearly 70% said they had witnessed an increase in the number of disruptive attacks in the previous 12 months. Almost half of the respondents said that the industrial control systems were most frequently attacked. Analysts say that the impacts of these attacks can range from company shares being shorted or the lives of workers being put in danger when crucial operating systems are hacked to something as simple as assay results getting delayed. For instance, in the last five months, B.C.-based PJX Resources (TSXV: PJX) and Getchell Gold (US-OTC: GGLDF) in Nevada reported delays in receiving their assays as the Bureau Veritas Laboratory in Nevada was recovering from a cyber attack that hit the company in November last year. Nadine Miller, an engineer who has worked in mining for over two decades and is currently vice-president of project development at JDS Energy & Mining, notes that the industry has a tradition of being late adopters to new technologies and is now also lagging behind in cybersecurity. “We are always in a race to be the first ones to be last in new technologies,” Miller told The Northern Miner, adding that mining companies generally don’t want to be early adopters of any technology. “There are a few that will do it,” she said, adding they are usually larger companies. Miller says that while the mining industry has done a good job of securing its information technology (IT) systems, which include network infrastructures, file shares or employee laptops and computers, the operational technology (OT) — which, for example, involves systems responsible for process plants, refineries, and heating or ventilation in underground mines — are not secure. Bryan Tan, an associate partner at EY’s cyber security practice says that ransomware, a type of malicious software designed to block access to a computer system until a sum of

IMAGINIMA/ISTOCK

THE IMPACTS OF THESE ATTACKS CAN RANGE FROM COMPANY SHARES BEING SHORTED OR THE LIVES OF WORKERS BEING PUT IN DANGER WHEN CRUCIAL OPERATING SYSTEMS ARE HACKED. money is paid, is one of the “key threats” in the industry right now. “A lot of organizations… put the OT systems on the same network as the IT systems,” he said in an interview. “That starts to spread on the environment in the IT side, but because it can touch the OT systems, it can potentially impact those as well. From more of a business impact, your OT comes to a stand-

still and that may lead to life-threatening issues as well,” he explained. AI technology To tackle OT-related issues, JDS and Miller are promoting a new technology, based on artificial intelligence machine learning (AI/ML), that they say can detect abnormalities in industrial control systems. Miller’s JDS colleague Joe Weiss, a global expert on industrial control systems, says that mining companies, like firms from other industries, depend upon sensors to run their operations. These can be hacked when connected to the web, a network, Bluetooth access via mobile devices, or simply a handheld calibration unit, and end up providing faulty signals that could, for instance, overheat or cool systems and damage them. “The JDS technology can tell you if the sensors are not doing exactly what they should be or if they are inoperable,” explains Weiss. “The sensors are the input to everything

you do… the technology is making sure that the input going to the brain, is actually coming from the sensors and that we know how good the sensors are. And if (they’re) not, when we need to do maintenance for the sensors.” To further explain the role that sensors play, Miller and Weiss referred to the Taum Sauk Hydroelectric Power Station in the United States which overtopped in 2005 when water continued to be pumped from the lower reservoir even after the upper reservoir was full. While no deaths were reported during the event — which wasn’t related to a cyber threat — the flood destroyed many structures in a park. According to Weiss, the attachments holding the sensors at Taum Sauk dam failed. Although they were detached from the wall and ended up at a different location, they continued to work. “They inadvertently told the system that the level was low,” said Weiss. As a result, the pumps were instructed to fill the res-

Investment needed EY’s Tan believes that the mining industry has “moved forward” and is a lot more willing than before to improve its cybersecurity environment. But he also says that the industry needs to put more money into these initiatives and ensure that IT teams build stronger relationships with different parts of the business. According to EY’s survey, cybersecurity teams are struggling to build close relationships across the business — especially with teams that oversee the most critical systems and operational data. “The problem is that many chief information security officers came up through IT and, today, there is a paradigm clash between IT and OT,” the survey said. “On one hand, you’ve got engineers focused on availability and safety, on systems that are potentially decades old. On the other, you’ve got a CISO (chief information security officer) urging them to patch the system straight away because of confidentiality and integrity concerns.” TNM

Glencore to supply cobalt for General Motors in multi-year deal BATTERY METALS

| Agreement comes as automakers seek to secure supplies for EVs

BY CECILIA JAMASMIE

iner and commodities trader Glencore (LSE: GLEN) has inked a multiyear agreement with General Motors (NYSE: GM) to provide the automaker with cobalt from its Murrin Murrin operation in Australia. The U.S. car producer has committed to making all-electric vehicles by the end of the decade, setting the goal of having 30 new EVs models, equivalent to 1 million electric cars, in the market by 2025. “Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle,” GM’s chair and CEO Mary Barra said. GM will use Glencore’s cobalt in its Ultium battery cathodes, which currently powers the Chevrolet Silverado EV, GMC Hummer EV and Cadillac Lyriq vehicles, the companies said. The deal comes as automakers scramble to secure steady supply of battery metals, including cobalt,

A Chevrolet Volt II plug-in vehicle charges at a public charging station. TRAMINO/ISTOCK

nickel, lithium and copper, to meet rising demand for EVs. Some manufacturers such as Tesla (NASDAQ: TSLA) and Volkswagen have even announced intentions of becoming “actively

involved in raw materials business.” Tesla’s Elon Musk seems particularly inclined to do so with lithium, prices for which have reached what he calls “insane levels.” The EV giant has recently

secured lithium mining rights in Nevada and has off-take agreements for the battery metal with Liontown Resources (ASX: LTR) and Ganfeng Lithium, China’s No.1 producer of the commodity. For cobalt, Tesla locked down supply from Glencore in 2020. GM’s Detroit-based rival Ford Motor Co. (NYSE: F) said on Monday it had signed a preliminary deal to buy lithium from a Lake Resources (ASX: LKE) facility in Argentina, marking the first time Ford has publicly announced where it will procure the battery metal. Glencore, the world’s largest cobalt producer thanks to its mines in the Democratic Republic of Congo, noted the metal makes up only 0.001% of the earth’s crust. Its appeal to EV makers comes from the fact that it provides batteries with energy density that increases the range of their vehicles and boosts their life. GM has several other agreements in place for lithium and rare earths and other materials. TNM

WWW.NORTHERNMINER.COM

MAY 2—15, 2022 / THE NORTHERN MINER

Loading bauxite aluminum ore at the port of Kamsar in Guinea, West Africa. IGORSPB/ISTOCK

Military junta turns up the heat on bauxite miners in Guinea POLITICS

BY HENRY LAZENBY

he military junta that took control of Guinea in September is heaping pressure on multinational miners to refine raw bauxite, a raw material used to make aluminum, to more advanced materials before export. According to a recent research note released by CRU Group’s senior analyst, Anthony Everiss, the junta has asked the companies to present the mines ministry with proposals by the end of May with a precise timetable for constructing refineries. The junta appears to be doubling down, turning the nation’s mineral wealth into a means of economic development. Bauxite miners in Guinea have reportedly previously made com-

| Pressure grows to increase refining in the West African country

mitments to developing refineries. According to CRU data, the announcement comes when Guinea bauxite shipments to China are at an all-time high, surpassing 6 million tonnes in a single month for the first time. However, there is currently just one alumina refinery, which was built several decades ago, operating in the country. Everiss said the drive for valueadded investment has been in place for some time and has always been a common theme when international mining companies, industry partners, and government officials gather at the annual Guinea Mining Symposium. However, Everiss noted this recent announcement might be more significant and is the strongest sign

yet that the new military regime is determined to pursue a policy of resource nationalism. “The message to the international mining community in recent times is that Guinea is now much more aware of the value of their resources, has better control and understanding of the mining industry and exports, and would be ensuring a more equitable share of the revenue and profits from international mining endeavours. This was coupled with a focus on social inclusion, agriculture, infrastructure spending and sustainability,” Everiss said. CRU currently does not expect a greenfield alumina refinery to be built in the country before 2026. “Technical limitations alongside higher capital costs versus China may lead to disappointment for the

government’s expectations. Running costs also are likely higher than competing nations,” Everiss said. According to CRU, six companies have planned 11 million tonnes per year of alumina refining capacity in Guinea. “However, unlike the significant progress in bauxite mining, the progress of the alumina refineries is very slow at present. Only SMB’s alumina project has made some progress,” Everiss said. CRU notes, however, that significant hurdles remained when it came to building greenfields alumina refineries in the country, namely that all the other inputs, such as energy and caustic soda, need to be imported. “The key issue is whether the projects can control the other raw material costs. Compared to Indonesia, for example, the mining cost in

Guinea is lower. But Guinea refineries also contend with a longer distance if opting to transport the alumina back to China,” Everiss said. “Nevertheless, new permits for mining will need to be accompanied by a clear investment plan for a downstream plant, depending on the scale of the project. In bauxite, the ruling military regime had remained firmly committed to continuing resource mining and export, but now requires ‘partnership’ with industry for longevity,” he said. “The latest announcement shows that it will be increasingly important for mining companies to build on verbal commitments and set into motion the actions needed to construct alumina refineries, rail, roads, and port infrastructure, alongside community spending.” TNM

Barrick eyes Reko Diq production in 2027 PAKISTAN

| Analysts yet to ascribe much value to gold project located in ‘higher-risk’ jurisdiction ing to Barrick. It will create about 4,000 long-term jobs and employ about 7,500 people. In early April, a group of activists based in Balochistan urged the Pakistan government to make the signed agreement on the Reko Diq project public in order to ensure that the people of Balochistan are “not deprived of their rights” and ignored.

BY NAIMUL KARIM

arrick Gold (TSX: ABX; NYSE: GOLD) aims to start producing copper and gold from its Reko Diq project in Pakistan’s Balochistan province in 2027, the company’s CEO Mark Bristow said at a conference call on Apr. 12. The project, which was suspended in 2011 due to a dispute over the legality of its licencing process, is expected to have an initial capital cost of about US$7 billion — according to the latest conceptual design — which is two times the estimate stated in a 2010 feasibility study. It is also expected to have a mine life of 40 years, as opposed to 56. “If all goes to plan, we expect production in five to six years’ time,” said Bristow. The company is working to finalize a binding agreement. As part of the closing process, parliaments of both Balochistan and Pakistan will pass legislation relating to mineral title, fiscal parameters and stability, as well as the ability to repatriate invested fund and profits, the CEO added. The process will then be reviewed by the country’s Supreme Court, which Barrick expects to take place in 2023 or 2024, after which the company will complete an updated feasibility study. In March, Barrick announced

The Reko Diq copper-gold property in Pakistan. BARRICK GOLD

that it had reached an agreement, after two years of negotiations, with Pakistan’s government to restart Reko Diq, which hosts one of the world’s largest undeveloped open pit copper-gold porphyry deposits. Barrick foresees the project as a conventional open pit mine to be constructed in two phases. It would start with a 40-million-tonne-peryear plant, before rising to 80 million tonnes within five years. The first phase is expected to cost about US$4 billion and the second phase, US$3 billion. Barrick will own 50% of the project and will retain operational con-

trol throughout the life of the project. The government of Balochistan will own 25%, while the rest of the ownership will be divided among three Pakistani-state-owned enterprises. “To manage the upfront capital cash flows and lower the execution risk, Barrick is seeking project financing partners for phase one,” said Bristow, adding that the second phase is likely to be self-funded. The investment in Balochistan, an arid desert along the border of Pakistan and Iran, will make the province the largest recipient of foreign investment in the country, accord-

Political turmoil Pakistan is currently in the midst of political turmoil after its former Prime Minister Imran Khan, whose government Barrick negotiated the deal with, was ousted from power after losing a no-confidence vote on Apr. 10. In September 2011, Balochistan’s government said that it considered the mining lease application for the project, which, at the time, Barrick ran along with Chile’s Antofagasta (LSE: ANTO), to be “incomplete and unsatisfactory.” The mining companies, however, considered the decision unlawful and filed arbitration claims at the World Bank International Centre for Settlement of Investment Disputes (ICSID). In 2019, the ICSID awarded US$5.5 billion in damages to the mining companies with an interest of 1% per annum until the award is paid. Barrick, however, has said that it will waive the penalty if the project restarts.

“While the project’s development was stalled by legal disputes, its geological quality has never been in doubt,” said Bristow. “It’s one of the best undeveloped copper-gold deposits… that’s why we persevered with our efforts to unlock its enormous potential and after two years of negotiations… we reached an agreement that will benefit all parties.” The Reko Diq deposit is estimated to have a global resource (outlined in 2010 and treated by Barrick as historic) of 5.9 billion tonnes averaging 0.41% copper and 0.22 gram gold per tonne. Scotiabank analyst Tanya Jakusconek, in a research note to clients, said that the market does not ascribe “much value” to the project as the agreements are yet to be finalized and because Pakistan does not have an established mining sector and is viewed as a “higher-risk” jurisdiction. “It will require significant capex to develop which has additional risk to cost pressures given the inflationary environment. Given these uncertainties, at this point, we have ascribed no value to Reko Diq,” wrote Jakusconek. At press time in Toronto, Barrick was trading at $28.94 per share within a 52-week trading range of $22.30 and $33.50. The company has 1.7 billion common shares outstanding for a market cap of $51.5 billion. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / MAY 2—15, 2022

Solaris’s resource boost for Warintza copper project beats analysts’ predictions ECUADOR

Sigma Lithium updates Phase 1 feasibility study for Grota do Cirilo

| Biggest copper discovery since Kamoa-Kakula, says company

BRAZIL

| Study demonstrates an after-tax NPV of US$1.6B, IRR of 424%

Solaris Resources’ Warintza copper-gold project in Ecuador. SOLARIS RESOURCES

BY NAIMUL KARIM

olaris Resources (TSX: SLS; US-OTC: SLSSF) has posted an updated resource estimate for the Warintza Central deposit at its Warintza copper project in southeastern Ecuador that has expanded inferred tonnage by seven times, includes a first-ever indicated resource, and has also outlined a potential starter pit. The property now has indicated resources of 579 million tonnes grading 0.47% copper, 0.03% molybdenum and 0.05 gram gold per tonne for 2.7 million tonnes of copper, 150,000 tonnes of molybdenum and 930,000 oz. of gold. Inferred resources add 887 million tonnes grading 0.39% copper, 0.01% molybdenum, and 0.04 gram gold for 3.5 million tonnes of copper, 130,000 tonnes of molybdenum and 1.1 million oz. gold. The project’s previous resource estimate totalled 124 million tonnes grading 0.56% copper, 0.03% molybdenum and 0.1 gram gold per tonne in the inferred resource category. “The update is very significant because the copper industry hasn’t made any discoveries of a globally significant scale, such as this Warintza mineral resource estimate, since Ivanhoe Mines Kamoa-Kakula discovery in 2014,” Jacqueline Wagenaar, the company’s vice-president of investor relations told The Northern Miner by email on Apr. 18. The Kamoa-Kakula copper joint venture in the Democratic Republic is recognized as one of the world’s

largest copper discoveries. The project, which has resources of 1.3 billion tonnes grading 2.74% copper in the indicated category and 339 million tonnes grading 1.68% copper in the inferred, began production of concentrates in May 2021. The Warintza project covers about 268 sq. km. and is located about 60 km north of Lundin Gold’s (TSX: LUG) Fruta del Norte gold mine, which produced 428,514 oz. of gold in 2021, and about 30 km north of the Mirador copper-gold mine, which began production in 2019. It is situated within a mining district that has access to a highway, low-cost hydroelectric power, fresh water and is located at a low elevation. The latest update also includes a potential starter pit of 180 million indicated tonnes grading 0.67% copper and 107 million inferred tonnes grading 0.64% copper. Managed by the Augusta Group, which has totalled over $4.5 billion in exit transactions over the last decade, Solaris’s goal is to add value to its project through exploration and then “crystallize it through an exit transaction” said Wagenaar. The company believes Warintza could play in important role to meet the globe’s increasing demand for copper in the coming years. “We estimate that, in addition to brownfield expansions, over 100 new copper mines must be built to address this gap by the end of the decade, which makes every new project, particularly projects of robust grades and great scale set within min-

EDITORIAL from 4

side, Burke notes that YESAB — the Yukon Environmental and Socio-Economic Assessment Board — an independent body with federal, territorial and Indigenous representation, was created by federal legislation. Finding a way to speed up YESAB’s slow pace of project assessments, without compromising on environmental oversight, would need federal attention. “They’re not meeting legislated timelines and reviewing projects. Over the years, there’s been a bit of a slow creep with that,” Burke says. “If we could put more effort into approving timelines and rolling things out in a quicker manner, that would help.” Equally important, there are new infrastructure projects in the planning stages across the North that will need billions of dollars funding. For example, the proposed Gray’s Bay project would see an Arctic Ocean port built in Nunavut, along with a road connecting to the Northwest Territories border. On the N.W.T. side, a new Slave Geological Province all-season road would be built to meet up with the Nunavut infrastructure.

ing districts rich with infrastructure, like Warintza, very important,” said Wagenaar. BMO Capital Makets’ mining analyst Rene Cartier described the update as “larger than expected” in a research note to clients. “Compared with our estimate of a mineable resource of 1 billion tonnes at 0.5% copper, Solaris delivered significantly higher tonnage, while the copper grade was slightly lower, and other byproducts were relatively in line,” Cartier wrote. “There remains meaningful upside for additional resource growth.” Scotiabank analyst Eric Winmill described the company’s update as positive and said that it reaffirmed Warintza as a high quality, largescale copper asset. “We view the latest resource update as a positive for SLS shares. This represents an important catalyst event and exceeds our conservative resource assumption of 700 million tonnes grading 0.5% copper,” wrote Winmill in a research note. “Exploration is ongoing at the deposit with a $30 million exploration budget planned for this year.” The latest resource is based on nearly 75,000 metres of drilling in about 100 holes since drilling recommenced in 2020, the analyst added. At press time, Solaris Resources was trading at $12.30 per share within a 52-week trading range of $8.77 and $17.17. The company has 108.8 million common shares outstanding for a market cap of $1.3 billion. TNM

“This would provide lots of access to this very rich geological province and at the same time lower costs,” says Hoefer. Another argument for special attention to the North is the budget’s emphasis on Indigenous participation in and benefits from resource development, with funding earmarked for the development of a National Benefits-Sharing Framework for natural resources, and the expansion of the Indigenous Partnership Office and the Indigenous Natural Resource Partnerships program. “That’s something we’ve been doing for a long time up here in the North,“ Hoefer says. “We’ve got some phenomenal Indigenous companies that have grown up with diamond mining and are very successful as a result... That’s another reason why we would emphasize we need to get these four [N.W.T. critical mineral] projects to become mines.” With the federal Liberals having struck a deal with the NDP to keep their minority government in power until 2025, they have plenty of time to turn their words into actions that could help support the Far North economy. TNM

BY JACKSON CHEN

igma Lithium (TSXV: SGML; NASDAQ: SGML) has released an updated Phase 1 feasibility study for its wholly-owned Grota do Cirilo project in Minas Gerais, Brazil, host to the largest lithium hard rock deposit in the Americas. The Phase 1 study reveals an aftertax net present value of US$1.6 billion (using a discount rate of 8%), potentially increasing to US$1.9 billion. The internal rate of return is pegged at 424%, with payback occurring in four months. The study assumes a base case scenario of 230,000 tonnes (34,000 tonnes lithium carbonate equivalent) of 6% lithium concentrate production per year for a period eight years. The updated economics demonstrate that Phase 1 is financially robust, even as a standalone project and before factoring in a potential Phase 2 production expansion. The key factors influencing the study outcome include a high average mill feed grade of 1.55% lithium oxide and Phase 1 plant DMS (dense media separation) process recoveries of 60.4%. The updated Phase 1 capex is US$123.1 million, which is in line with expectations compared to the US$113.6 million estimated in 2019. Sigma remains fully funded to finalize construction of the commercial production plant. The study used an average life-

of-mine lithium carbonate price of US$1,954 per tonne. All-in sustaining costs were projected at US$463 per tonne. The Phase 2 deposit has the potential for additional production of 220,000 tonnes per year or 33,000 tonnes lithium carbonateequivalent (LCE), which is estimated to scale up the company’s total annual production to 450,000 tonnes per year (67,000 tonnes LCE) of battery-grade sustainable lithium. The production expansion potential is based on an initial reserve estimate of 21.8 million tonnes grading 1.4% lithium oxide for the Phase 2 deposit and a 30% increase in the Phase 2 mineral resource, as well as additional DMS metallurgical test results that achieved lithium recoveries of approximately 60%. In total, Sigma has increased resources at the project to 58.9 million tonnes, including 50.4 million tonnes of measured and indicated resources at 1.4% lithium oxide. Total reserves are estimated at 33.6 million tonnes, including 25.3 million tonnes of proven reserves at an average grade of 1.44% lithium oxide. According to the company, Phase 2 construction of production plant foundation earth works could commence concurrent with the Phase 1 commissioning. An updated Phase 2 prefeasibility study with combined Phase 1 and Phase 2 economics is expected in the second quarter of 2022. TNM

Sigma Lithium has been producing battery-grade lithium concentrate on a pilot scale at Grota do Cirilo, in Brazil, since 2018. SIGMA LITHIUM

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MAY 2—15, 2022 / THE NORTHERN MINER

Last leg of Ring of Fire road enters the environmental assessment process ONTARIO

Seabridge Gold updates Mitchell and East Mitchell resources

| Announcement comes days after Wyloo Metals takes over Eagle’s Nest

BRITISH COLUMBIA

PFS for KSM project expected in June

BY NAIMUL KARIM

he First Nations of Marten Falls and Webequie have submitted the terms of reference for the proposed Northern Road Link, a piece of infrastructure that Ontario describes as the “final piece” needed to build an all-season road into the Ring of Fire. The road would link two other roads that are being advanced separately by each community — the Marten Falls Community Access Road and the Webequie Supply Road — to provide access to the mineral-rich region in northern Ontario’s James Bay lowlands. The announcement in mid-April came a week after Australian billionaire Andrew Forrest’s Wyloo Metals completed the acquisition of Noront Metals for its Eagle’s Nest nickel-copper-PGE deposit in the Ring of Fire. “It’s a start of a journey for us into an economic reconciliation for Martin Falls First Nation and our neighbouring communities,” Marten Falls Chief Bruce Achneepineskum said at the announcement event. “There’s a lot of work still to do. We are going to be moving on to the actual work of the environmental assessment, moving forward with the actual studies that are going to be happening,” added Achneepineskum. “We want to move forward in a good way… alleviating the conditions of the community, the poverty levels that we have faced in the decades passed… there’s a lot of work to do.” Located about 500 km away from Thunder Bay, the Ring of Fire has “multi-generational potential” for the production of critical minerals such as chromite, nickel, copper and platinum, according to the Ontario government. But access to the region is a challenge as paved roads are at least 300 km away. In 2017, Ontario committed to spend $1 billion for strategic transportation infrastructure development in the region, including a year-round access road into the mining camp. However, in 2019, after Doug Ford was elected as premier in 2018, the new Progressive Conservative government scrapped the previous

| Results to be used in new

The Mitchell deposit at Seabridge Gold’s KSM project in B.C. SEABRIDGE GOLD Noront Resources’ Esker camp in Ontario’s Ring of Fire. The junior was taken over by Wyloo Metals. NORONT RESOURCES

government’s approach, based on a regional framework agreement, in favour of agreements with individual communities. Marten Falls First Nation’s 200km community access road and the Webequie Nation’s 107-km supply road have both advanced to the environmental assessment stage under that approach. Together, with the Northern Link, the three roads are expected to connect the region to Ontario’s highway. But not all Indigenous groups have supported the way Ontario has approached infrastructure development. First Nations including Neskantaga, Attawapiskat and Fort Albany declared a moratorium, which is still in place, on Ring of Fire development in 2021 to protect the region from environmental damage and “catastrophic climate change.” Kate Kempton, a lawyer who represents the Attawapiskat First Nation, told The Northern Miner that the community won’t support any mining-related development in the region until there’s “informed consent” of all the affected First Nations in the area. “Nobody is in a position to consent today… that full-scale investigation isn’t being done,” she said. Kempton added that the mining claims comprising the Ring of Fire are not just located in the traditional territories of Marten Falls and Webequie, but also of Attawapiskat. “This doesn’t mean that only

those two First Nations have the right to consent or veto,” said Kempton. “It’s like if my neighbour wants to build a bomb factory next door, he is not the only one that gets to say over that… Those who are going to feel the impacts to this need to be at the front of the decision making and I see nothing in this announcement to see that Ontario is going to proceed that way.” The lawyer expects the matter to end up in the Canadian courts if Ontario doesn’t address the concerns. Premier Ford said that the government is working “side by side” with Indigenous partners to ensure that communities around the Ring of Fire get improved access to everyday essentials like fuel, groceries and health care. Natural Resources Minister Greg Rickford expects the project to become a “corridor to prosperity” for communities living in the area. After completing the acquisition of the Eagle’s Nest project in early April, Wyloo Metals said it aims to develop the project as a net zero emissions mine, award $100 million worth of contracts to Indigenousled businesses and establish a training centre that can help provides jobs for indigenous and regional communities. It also aims to “investigate” the use of electric vehicles, wind power and ultramafic waste rock to capture and sequester carbon at site. TNM

BY JACKSON CHEN

eabridge Gold (TSX: SEA; NYSE: SA) has updated the mineral resource for its Mitchell and East Mitchell deposits, incorporating results of drilling completed in 2021. The resource estimates will be used in a new preliminary feasibility study (PFS) on the KSM project, expected in June, which will for the first time incorporate the East Mitchell deposit into KSM’s mine plans. Mitchell and East Mitchell are two of five deposits in Seabridge’s district-sized KSM project located in the Golden Triangle region of northwestern B.C. The East Mitchell deposit, formerly called Snowfield, was acquired in 2020 from Pretium Resources. The combined open pit resource for the two deposits now totals 4.1 million tonnes grading 0.54 gram gold per tonne, 0.13% copper, 2.4 grams silver and 71 ppm molybdenum in the measured and indicated categories. There are also 1.6 million tonnes grading 0.3 gram gold, 0.13% copper, 2.5 grams silver and 50 ppm molybdenum in the inferred category. Commenting on the resource update, Seabridge chairman and CEO Rudi Fronk said, “We are very eager to see how this new resource estimate folds into our revised PFS.” He added: “We expect the combination of East Mitchell and Mitchell to create a single very large

open-pit mining opportunity with improved economic projections including a likely increase in proven and probable gold reserves, better grades in the early years of production and deferral of the need to pay for capital intensive underground block-cave development.” Prior to the update, the KSM project’s total measured and indicated resources stood at 3 billion tonnes averaging 0.52 gram gold, 0.21% copper, 2.8 grams silver and 48 ppm molybdenum. Inferred resources were 4.6 billion tonnes averaging 0.38 gram gold, 0.32% copper, 2.4 grams silver and 29 ppm molybdenum. Proven and probable reserves totalled 2.2 billion tonnes averaging 0.55 gram gold, 0.21% copper, 2.6 grams silver and 42.6 ppm molybdenum, for 38.8 million oz. of gold, 10.2 million lb. of copper, 183 million oz. of silver and 207 million lb. of molybdenum. These figures make Seabridge’s KSM one of the largest undeveloped gold projects in the world today. The company recently closed a US$225-million financing to advance the KSM project closer to construction. The funding was provided by Sprott Resource Streaming and Royalty and the Ontario Teachers’ Pension Plan. In early March, Seabridge announced it will use hydrosourced electric power supplied by BC Hydro for construction activities at KSM. TNM

Sprott ups stake in New Found Gold to 31.4% M&A BY JACKSON CHEN

estern Australia-focused gold producer Novo Resources (TSX: NVO; USOTC: NSRPF) has agreed to sell its entire stake in New Found Gold (TSXV: NFG; US-OTC: NFGFF), consisting of 15 million shares or about 9% of NFG’s share capital, to a corporation controlled by Canadian mining investor Eric Sprott. Pursuant to arm’s-length negotiations, Novo will receive total consideration of $125.9 million, representing a 9.3% premium to New Found’s stock price of $7.68 as of market close on Apr. 11. The share sale will be conducted in two tranches. The first tranche will consist of 8.3 million New Found

| Novo sells shares for $126M to fund Australian projects

Gold shares priced at $8.35 for gross proceeds of $68.9 million and is scheduled to close on Apr. 27. The second tranche totals 6.8 million New Found shares priced at $8.45 for gross proceeds of $57 million and is scheduled to settle on Aug. 5. Novo will use the proceeds to advance its exploration efforts in Western Australia’s Pilbara region and Victoria state, and to expedite a feasibility study for its Beatons Creek project in Nullagine, Western Australia. “Novo has always considered its sizable investment portfolio as a means to fund growth expenditure,” Mike Spreadborough, executive co-chairman of Novo, commented. “The sale of our New Found holding at a premium of

The core shack at New Found Gold’s Queensway gold project, located 15 km west of Gander, Nfld. NEW FOUND GOLD

9.3% to the closing price of $7.68 is an excellent result and allows Novo

to deleverage our balance sheet, continue to focus on optimizing

operations at Beatons Creek, and aggressively accelerate growth and expansion plans across Western Australia and Victoria.” The transaction will also free Novo of its debt with Sprott Private Resource Lending II, allowing it to repay its US$40-million senior secured credit facility with Sprott upon completion. Sprott’s holding in NFG will expand to 51.6 million common shares, or 31.4% of the company’s outstanding shares, once the transaction is completed. New Found Gold’s flagship asset is the 100%-owned Queensway project located 15 km west of Gander, Nfld., where it is currently conducting a 400,000-metre drilling campaign. TNM

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MINING & EXPLORATION IN

THE FAR NORTH POSTERIORI /ISTOCK

Vital Metals blazing path to commercial production with Canada’s first rare earth mine NWT

| Vital to sell first load of processed rare earths to Norway-based REEtec

As demand for critical minerals rise, Canada’s North hopes to be a clean player ESG

| Northern miners hope 2022 budget

helps tackle infrastructure deficit and paves way for green transition

Bags of ore from Necahalacho on the barge at Hay River last October.

BY BLAIR MCBRIDE

Special to The Northern Miner

t’s a year of many firsts for Australia’s Vital Metals (ASX: VML) and its rare earth elements operation in the Northwest Territories. Following the establishment in 2021 of Nechalacho, Canada’s first rare earths mine, Vital’s Yellowknife-based subsidiary Cheetah Resources will in late April ship its first load of mixed rare earth carbonate to a processing facility in Saskatchewan. David Connelly, Cheetah’s vicepresident of strategy and corporate affairs, said the 500-tonne load will be shipped by road or rail from the southern port city of Hay River, N.W.T., to Saskatoon. “We are excited,” he said. “Strategically, it demonstrates that Northern Canada is emerging as a cornerstone of the critical mineral supply chain for Canada and its allies.” Vital acquired the near-surface resources at Nechalacho from Avalon Advanced Materials (TSX: AVL; US-OTC: AVLNF) in 2019. The first batch is part of the more than 5,000 tonnes that was mined last year at Nechalacho, about 100 km southeast of Yellowknife, and just north of the East Arm of Great Slave Lake. Mining and concentrating work at Nechalacho is seasonal and runs from April to October. This year, crews at the site will focus on concentrating because enough elements were mined in 2021 to last for two years. By 2025, Cheetah expects to mine annually. Vital opted against conducting a feasibility study as its cost would have exceeded the cost of going into production, Connelly said. “Instead, we went straight to production and will scale up in three to

four years,” he said. The currently producing North T Zone at Nechalacho hosts measured and indicated resources of 101,000 tonnes grading 9.01% light rare earth oxides (2.2% neodymium-praseodymium). It will support more than four years of mining. The larger Tardiff Zone that has not yet been developed is expected to support more than 50 years of mining. It contains measured resources of 286,563 tonnes grading 2.7% total rare earth oxides (TREO) and indicated resources of 1.6 million tonnes of 2.4% TREO. Inferred resources add 1.3 million tonnes at 2.2% TREO. The estimates used a cutoff grade of 0.3% Nd2O3. Saskatoon rare earth processing plant The concentrate will be held at Vital’s Rare Earth Extraction Facility in Saskatoon until the summer, when construction of the plant, owned by Vital Metals Canada, is expected to finish and metallurgical processing will begin. Vital Metals paid for most of the $20 million cost itself, with Prairies Economic Development Canada contributing a $5-million loan. Construction began in late 2021. The 3,997-sq.-ft. facility will in its first phase be able to process 5,125 tonnes of rare earths concentrate per year and produce 1,000 tonnes of cerium-reduced mixed rare earth carbonate, according to a company brochure. The expected annual yield of that output is 464 tonnes of neodymium and praseodymium magnet metals. The phase two expansion of the facility, planned for 2024 will double that capacity. Vital is seeking to hire more than 40 skilled technicians at the plant.

GNWT MARINE TRANSPORTATION SYSTEM

The expansion can help meet Cheetah’s anticipated rise in production from Nechalacho, which Connelly said will yield 5,000 tonnes of concentrate annually for the next two to three years, then increase to 25,000 tonnes in four or five years, subject to permitting in the Northwest Territories. Start of commercial sales But perhaps Vital’s most significant milestone this year will be the shipment to its first customer: REEtec, a rare earths producer based in Norway. See VITAL METALS / 12

BY NAIMUL KARIM

n late April, Canada’s Minister of Transport, Omar Alghabra, travelled nearly 5,000 km away from his home base in Ontario to Yellowknife in the Northwest Territories, not to make a new announcement, but to promote elements of this year’s federal budget tabled in early April. The budget allocates a massive $3.8 billion to support the country’s critical minerals sector. Standing in front of an Air Tindi plane at Det’on Cho Logistics, Alghabra said, “There’s a reason why I came up here.” The minister then talked about how the resources in the region are among the country’s richest and commended the work the territories have done to “understand” their natural resources and to find ways to extract them in a sustainable way. This isn’t the first time that a minister has touted Canada’s North, which has a number of critical mineral projects in the advanced stages — in addition to operating diamond and gold mines — as an essential force to develop the country’s mineral strategy. But Alghabra’s visit, combined with a supportive budget for the mining sector and the recent surge in investments to promote the development of a battery ecosystem in the country, suggest an urgency in creating a friendly environment for mining in the North. While resources in the North

may be prevalent, most mines and projects aren’t connected to the grid and largely depend on diesel for power, which runs counter to the use of many critical minerals to decarbonize the economy. “There’s an irony in all of this. Here we are trying to produce critical minerals, and we are having to use fossil fuels,” said Tom Hoefer, executive director of the NWT & Nunavut Chamber of Mines, in an interview with The Northern Miner. “That’s just not the best situation and so we would like to see those mines supported with green power.” Northern infrastructure deficit Hoefer explains that when it comes to power, “virtually all” the mines in the territories and Nunavut depend upon diesel generators. Almost none of the mines in the region have all-season road access, which also makes it difficult to shift to relatively cleaner energy sources such as liquefied natural gas (LNG), since these have shelf lives, he adds. “Our diamond mines can’t bring in LNG on a seasonal ice road because then they need to pay too much money to keep the stuff refrigerated,” he said. “The two territories have the biggest infrastructure deficit… we don’t have roads, ports, railway lines… but at the same time because we are so big, we include See CRITICAL MINERALS / 16

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Mountain Province reports ‘slower than expected’ Q1 at Gahcho Kué NWT

| Company discovers previously unmodelled kimberlite ore that reflects opportunities for additional diamonds

BY NAIMUL KARIM

ountain Province Diamonds (TSX: MPVD; USOTC: MPVD) has reported a 15% year-on-year decrease in first quarter production at its 49%-owned Gahcho Kué diamond mine, located in the Northwest Territories. While tonnage was up — the operation mined 1 million tonnes of ore in the most recent quarter, a 98% increase compared to last year’s 515,000 tonnes — grades were down 25% year-on-year at 1.68 carats per tonne. The mine produced 1.2 million carats of diamonds in this year’s first quarter compared to 1.4 million carats in the same period of 2021. Last year’s first quarter production figures were marred by a 22-day shutdown in February following an outbreak of Covid-19 at the site. This year the mine, which is operated by 51% owner De Beers, encountered “additional unmodelled resource” carrying a lower grade than the planned mining areas, the company said. “The discovery of incremental, previously unmodelled kimberlite ore is a positive for the operation

WHILE TONNAGE WAS UP AT THE MINE, GRADES WERE DOWN. and reflects the significant opportunities for additional diamonds to be discovered,” the company’s CEO Mark Wall said in a press release on Apr. 18. “The operational effects of the late-2021/early 2022 Omicron outbreak at site are now largely behind us and the unplanned failure at the primary crusher is repaired, with additional crusher optimization opportunities identified,” he added. Together with De Beers, the company is looking to make the “necessary improvements” after a “slower than expected” first quarter. Located about 280 km northeast of Yellowknife, the Gahcho Kué open pit operation has a mine area of 12 sq. km and produces an average of 4.5 million carats annually. Mine reserves are contained in several of the kimberlites: 5034, Hearne, Tuzo and Wilson. Com-

mercial production began in 2017 with the 5034 kimberlite, followed by Hearne, and will later incorporate ore from Tuzo. Diamond prices have risen strongly over the past year. The joint venture sold 506,567 carats for $84.7 million (US$66.7 million) during the quarter averaging at $167 per carat (US$132), which is a 52% increase compared to the previous quarter’s $110 per carat (US$86). Scotiabank analyst Scott Macdonald described the latest update as “mildly negative.” The quarterly production was 22% lower than last year’s fourth quarter, “but only 8% below our estimate of 1.28 million tonnes on lower grade and throughput,” he wrote in a research note to clients on Apr. 18. At the end of 2021, the mine had probable reserves of 42.6 million carats in in 28.3 million tonnes grading 1.51 carats per tonne. At press time in Toronto, Mountain Province Diamonds was trading at 85¢ per share within a 52-week trading range of 39.5¢ and 99¢. The company has 210.9 million common shares outstanding for a market cap of $179.3 million. TNM

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Vital Metals’ mining operations at Nechalacho.

VITAL METALS from 11

Connelly expects the first load of 750 tonnes of cerium-reduced mixed rare earth carbonate will be shipped from Saskatoon to Norway in the second half of the year. “They have a rare earth separation refinery. After they separate it, REEtec sells it to the people who make the metal and the magnets and the electric vehicle motors. It’s a long supply chain,” he said. Under an agreement between the two companies, Vital will annually sell carbonate that contains at least 750 tonnes of neodymium and praseodymium contained within 2,000 tonnes of rare earth oxides that have a maximum of 25% cerium, according to a Vital news release. “They’ve contracted to purchase the majority of the output of phase one of our Saskatchewan facility for the next five years,” Connelly said. REEtec has also secured a fiveyear purchase agreement for its rare earth oxides and will in 2024 begin selling to German auto parts supplier Schaeffler, the first deal of its kind in Europe, according to a Vital news release on Apr. 22. Schaeffler is a major manufacturer of drivetrains for hybrid and electric vehicles. “REEtec’s agreement with Schaeffler has validated the quality of Vital’s product and demonstrated the need for EV makers and parts suppliers to have access to a transparent rare earth supply chain that a company such as Vital could provide,” said Geoff Atkins, Vital’s managing director. The agreement will help REEtec build a commercial separation facility and marks the first time in the rare earth industry where a deal “encapsulates the entire rare earth supply chain from raw material to electric motors,” Vital said. Vital’s sales to REEtec could continue after 2028 through an additional, expanded 10-year agreement. The price of the yearly shipments is confidential, said Connelly and Sven Røst, REEtec’s vice-president of communications. However, global prices for rare earth elements surged in late 2021 to the highest levels seen in five years before peaking in February and then dipping somewhat. Neodymium oxide currently sits at US$137,005 per metric tonne, according to data from the Shanghai Metals Market. Future commercial sales anticipated Further down the road for Vital’s commercial operation is a developing agreement with Halifax-based UCore Rare Metals (TSXV: UCU; US-OTC: UURAF). Under a non-binding memorandum of understanding announced last October, Vital will sell at least 500 tonnes per year of rare earth oxide beginning in 2024 to Ucore for a heavy and light rare earth separation plant in southeast Alaska. Vital would ship the rare earths to Ucore’s Alaska Strategic Metals Complex, slated to be built near the

VITAL METALS/BILLBRADENPHOTO

port city of Ketchikan. The plant is expected to separate and purify 2,000 tonnes of oxides per year after 2024 and at least 5,000 tonnes per year by 2026. Connelly said Vital is very proud that the Nechalacho project has progressed from the acquisition stage to producing Canada’s first “valueadded rare earth product” in less than three years, and during the Covid-19 pandemic. “To be part of the North emerging as a cornerstone for the supply of critical minerals and Saskatchewan developing as a continental hub for rare earth processing and research is very rewarding,” he said. ‘Very pleased’ with support for critical minerals in budget Another development this year is giving Vital and Cheetah reasons for optimism: the up to $3.8 billion earmarked for Canada’s Critical Minerals Strategy in the federal budget that was tabled on Apr. 7. Connelly said Budget 2022 goes further than any previous budget in supporting critical minerals development. “Myself and my colleagues from other critical minerals companies shared with (Minister of Natural Resources Jonathan Wilkinson) that we were very pleased with the budget,” he said. Connelly pointed to parts of the budget that are aimed at benefiting Indigenous participation in the critical minerals strategy. It proposes to provide $103.4 million over five years starting in 202223 to Natural Resources Canada for developing a National BenefitsSharing Framework and the expansion of the Indigenous Partnership Office and the Indigenous Natural Resource Partnerships program. With 70% of Nechalacho’s 58 employees coming from the Yellowknives and Lutsel K’e Dene First Nations and other NWT Indigenous communities, Connelly said Cheetah is hopeful the budget will help Indigenous people acquire equity interests in critical minerals projects. “It’s very important that the Indigenous people, whether it’s our project or other people’s projects, get to participate fully in the extraction of green minerals for a green economy,” he said. The budget also sets aside up to $1.5 billion over seven years, starting in 2023-24 for infrastructure investments to support critical minerals supply chains, an allocation that Connelly explained could benefit remote communities and remote mines. “In the N.W.T., the proposed Taltson power line could benefit three critical minerals projects but it could also bring green power to a number of Indigenous communities,” he said. “That line could run across to the Osisko zinc project, the Nechalacho project and then connect to the Snare system that comes to Yellowknife to power the NICO cobalt project.” TNM

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FAR NORTH SNAPSHOT: EIGHT COMPANIES VENTURING INTO THE REMOTE NORTH FOR MINERALS BY NORM TOLLINSKY

Although there are many examples of fabulously rich gold, diamond and base metals mines that have been developed in the Far North, the mineral potential of the northern reaches of Canada, the U.S., and other nations remains largely tapped. Here are eight exploration, development and mining companies active in the Arctic and near-Arctic. n BMC MINERALS Vancouver-headquartered BMC Minerals, wholly owned by privately held, U.K.-based BMC Ltd., is developing the Kudz Ze Kayah base metals project in southeast Yukon. The polymetallic project was recognized by BMC as a development opportunity in 2014 and acquired the following year from Teck Resources (TSX: TECK.A/ TECK.B; NYSE: TECK). The region is known to contain significant volcanogenic massive sulphide deposits and large sections of ground within the property remain underexplored. The company is mainly focused on the ABM Zone, which hosts probable reserves of 15.7 million tonnes grading 5.8% zinc, 1.7% lead, 0.9% copper, 138 grams silver per tonne and 1.3 grams gold. Mining of the ABM deposit is anticipated primarily by open pit methods with a small underground mine proposed to exploit the deeper section of the Krakatoa Zone, which was discovered by BMC during field work following the acquisition of the property. A low strip ratio of 6:1 in initial open pit mining will facilitate rapid capital payback in the early stages of the nine-year mine life, while an average 10:1 strip ratio is anticipated for the life-of-mine operation. A prefeasibility study (PFS) completed in 2017 confirmed that Kudz Ze Kayah is technically and economically viable. The PFS was followed up by a feasibility study that was completed in June 2019 and updated in November 2020. The Yukon Environmental and Socio-Economic Assessment Board (YESAB) issued a final screening report for the project in October 2020, which was positive, but listed 30 mitigation measures and six monitoring measures. Both levels of government have been consulting with the Kaska First Nation on the terms and conditions. Once a decision document from the federal and Yukon governments is in hand, the company will start the permitting and licencing process, which it anticipates will take two years. BMC plans to produce three concentrates to be transported using an existing 905-km road network from the mine site to the port of Stewart, B.C., for sale and transport to Canadian and export markets. The peak construction workforce is estimated to number 670 with 320 employed once the mine is in operation. According to the updated feasi-

The Goose camp at Sabina’s Back River project in Nunavut. SABINA GOLD & SILVER

bility, the project carries a preproduction capital cost of US$376 million and will produce 7.8 million oz. of silver, 56,500 oz. of gold, 235 million lb. of zinc, 32 million lb. of copper and 56 million lb. of lead each year in concentrate during steady-state operations. The study estimated Kudz Ze Kayah’s aftertax net present value at US$617 million, based on a 7% discount rate, and its internal rate of return at 45.9%. n MAWSON GOLD Mawson Gold (TSX: MAW; USOTC: MWSNF) is a Vancouverbased exploration company with properties in Finland and Australia. The company’s 100%-owned Rajapalot gold-cobalt project covering 179.9 sq. km, is located just south of the Arctic Circle in Finland’s Lapland region. In August 2021, the company reported an inferred mineral resource of 10.9 million tonnes grading 2.5 grams gold per tonne and 443 ppm cobalt (or 3 grams gold equivalent) for 887,000 oz. of gold (1 million oz. of gold equivalent). The updated resource estimate increased the project’s gold grade by 19% and contained gold ounces by 47% compared to a previous September 2020 estimate. The Rajapalot project forms part of Mawson Gold’s larger 100%owned, 100-sq.-km Rompas-Rajapalot Finnish project area. Mawson’s 2021 winter exploration program included 84,507 metres of drilling at Rajapalot with an average depth of 155 metres. The updated resource was based on a total of 330 holes totalling 72.8 km and drilled to an average depth of 250 metres. (The 2020 resource estimate was based on 257 holes totalling 53.8 km at an average depth of 209 metres). Mawson is working on its firstever preliminary economic assessment for Rajapalot, which is due out in the third quarter. “The commencement of a maiden PEA marks an important step towards Rajapalot joining its developer peers,” said Mawson Gold CEO Ivan Fairhall in a release. “This is the first time the favour-

able geology, metallurgy and location of our million-ounce Rajapalot inferred mineral resource estimate will be articulated to the market as a coherent business case.”

Mawson’s wholly-owned Finnish subsidiary, Mawson Oy, has received two rounds of funding from the Finnish consortium’s BATCircle program aimed at pro-

moting the discovery and development of battery metals. The company was granted €500,000 See SNAPSHOT / 14

Leading Yukon’s Next Gold Rush VBW CLAIMS

DUBLIN GULCH PROPERTY NUGGET-RAVEN

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SNAPSHOT from 13 Sunset at BMC Minerals’ Kudz Ze Kayah project in southeast Yukon. BMC MINERALS

(C$750,000) as part of BATCircle1.0 and an additional €795,000 (C$1 million) in funding as part of BATCircle2.0 to further study cobalt extraction, marketing and residues management. The company has engaged SRK Consulting Finland to develop open pit and underground designs and schedules, as well as mine infrastructure and associated cost estimates. Mawson has an interest in several properties in Australia through Southern Cross Gold, a company it incorporated in July 2021 and that it plans to list on the Australian Securities Exchange this year. n NIGHTHAWK GOLD Nighthawk Gold (TSX: NHK, US-OTC: MIMZF) is a Canadianbased gold exploration company that holds more than 930 sq. km of a district-scale land position within the Indin Lake Greenstone Belt, located approximately 200 km north of Yellowknife in the Northwest Territories. The land package lies along the West Bay-Indin Lake Fault Zone, a regional structure that extends over 200 km from Great Slave Lake to areas north of the Indin Lake Greenstone Belt. The fault zone hosts the Giant and Con gold mines that produced 13 million oz. of gold, and the Colomac mine that produced 527,908 oz. gold. Company management likens the potential of the structure to other fault zones such as the Destor-Porcupine Fault in the Timmins camp. The Colomac Main Deposit, one of the historic open pit gold mines within the property, was acquired by Nighthawk in 2012. Nighthawk has advanced Colomac Main, four other adjacent deposits and four other higher-grade satellite deposits – Kim, Cass, Damoti and Treasure Island – that lie between 11 and 28 km from Colomac Main. In March, the company reported an updated resource estimate that increased open pit indicated resources by 121% to 2.1 million oz. of gold in 46.4 million tonnes averaging 1.38 grams gold per tonne.

Victoria Gold’s Eagle mine in the Yukon. VICTORIA GOLD

The open pit inferred resource climbed by 1,400% to 601,000 oz. gold in 7.8 million tonnes grading 2.39 grams gold. A 2022 exploration drilling program set to begin in May will focus on expanding near-surface, highgrade open pit mineralization at

the Kim, Cass, Damoti, Treasure Island and other targets. Nighthawk’s camp is capable of accommodating up to seven drills and can be accessed by ice road and a 5,000-ft. airstrip. The company has a current market cap of approximately $14 million. n SABINA GOLD & SILVER Vancouver-based Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) is advancing its 100%owned Back River gold project, an 80-km long belt with a series of gold deposits in banded iron formation located in southwestern Nunavut, approximately 520 km northeast of Yellowknife. The project was purchased from Dundee Precious Metals (TSX: DPM) in 2009. According to an updated feasibility study completed in 2021, the company’s Goose project, the first mine it hopes to develop in the district, will generate an after-tax internal rate of return of 27.7% and a net present value (at a 5% discount rate) of $1.1 billion. A rapid payback of 2.3 years is expected, based on a gold price of US$1,600 per oz. The initial capital requirement was estimated at $610 million, with life of mine sustaining capital and closure costs at $419 million. The updated feasibility study was based on an initial processing rate of 3,000 tonnes per day with an expansion to 4,000 tonnes per day by the end of year two. The mine plan envisions average gold production of 287,000 oz. gold per year for the first five years and 223,000 oz. gold per year over a 15-year mine life at a cash cost of US$679 per oz. gold and all-in sustaining costs of US$775 per ounce. Approximately half of the mine production is expected to come from open pits with underground production scheduled each year of operation.

Field crew at Mawson Gold’s Rajapalot project in Finland. MAWSON RESOURCES

A drill rig at Nighthawk Gold’s Indin Lake project in the N.W.T. NIGHTHAWK GOLD

Drilling at Trilogy Metals’ Arctic JV property in western Alaska. TRILOGY METALS

A total of 18.7 million tonnes are to be milled over 15 years for a total of 3.3 million oz. gold with a lifeof-mine average grade of 6 grams gold per tonne and average metallurgical recovery of 93.4%. Open pit and underground proven reserves at the Goose, Echo, Umwelt and Llama deposits total 8 million tonnes at 5.54 grams gold per tonne, with prob-

able reserves at 10.7 million tonnes grading 6.29 grams gold. Cut-off grades range between 1.6 g/t gold and 4.1 g/t gold. Sabina reports comprehensive project financing of more than $650 million is in place, consisting of a senior secured debt facility, a gold prepay facility and a See SNAPSHOT / 15

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The mining camp at White Gold’s namesake property. WHITE GOLD

tonnes averaging 0.61 gram gold per tonne for 500,000 ounces. Victoria Gold president and CEO John McConnell and the Victoria Gold team were the recipients of the Association for Mineral Exploration’s (AME) 2021 E.A. Scholz Award for excellence in mine development in British Columbia and the Yukon Territory. Victoria Gold has a market cap of $959 million.

SNAPSHOT from 14

private placement from Orion Mine Finance and a gold stream arrangement and private placement with Wheaton Precious Metals (TSX: WPM). The project is in receipt of all major permits and authorizations for construction and operations. The company has signed a 20-year renewable land use agreement with the Kitikmeot Inuit Association and has committed to employment and business opportunities with its Inuit stakeholders. A 3,500-metre surface exploration drill program was conducted in March and April. “We look froward to receiving the results of this spring’s drilling program as we continue to evolve and develop the resource potential at the 8 km long Goose Gold Complex,” said Bruce McLeod, president and CEO. “As we have demonstrated in past drilling campaigns, the gold endowment at Goose is exceptional and we remain committed to an exploration and resource growth and optimization strategy that we believe will add considerable value to the project as we progress towards production.” Sabina Gold & Silver has a market cap of $801 million. n TRILOGY METALS Vancouver-based Trilogy Metals (TSX: TMQ; NYSE-AM: TMQ) is a 50% owner of the Upper Kobuk Mineral Projects (UKMP) consisting of a 1,814-sq.-km land package in the Ambler Mining District of northwest Alaska. In February 2020, a 50:50 joint venture was concluded with South32 Ltd. (LSE: S32; ASX: S32), a global diversified metals and mining company with a market cap of $13 billion that was spun off from BHP (NYSE: BHP; LSE: BHP) in 2015. Trilogy contributed all of its UKMP-associated assets to the jointly-owned Ambler Metals LLC while South32 contributed US$145 million. The UKMP hosts the feasibility-stage Arctic copper-zinc-leadgold-silver volcanogenic massive sulphide project, described as one of the highest-grade copper deposits in the world with an average grade of 5% copper equivalent. It also hosts the Bornite coppercobalt carbonate replacement project, located 25 km southwest of the Arctic project. A February 2020 feasibility study on the Arctic project, located 470 km northwest of Fairbanks, Alaska, reported a base case aftertax net present value at an 8% discount rate of $1.1 billion and an internal rate of return of 27.1%.

Western Copper and Gold’s camp at the Casino project in the Yukon Territory. WESTERN COPPER AND GOLD.

The initial capex for the open pit, 10,000-tonne-per-day operation was estimated at $905.6 million with sustaining capital of $113.8 million for total capital expenditures of $1 billion over a 12-year mine life. The study projected average annual payable production of more than 155 million lb. of copper, 192 million lb. of zinc, 32 million lb. of lead, 32,000 oz. of gold and 3.4 million oz. of silver. The less-advanced Bornite deposit hosts an indicated resource of 955 million lb. of copper in 41.7 million tonnes grading 1.04% copper. Inferred resources include 5.3 billion lb. of copper in 144.1 million tonnes grading 1.68% copper, and 88 million lb. of cobalt in 185.8 million tonnes at 0.021% cobalt. The JV is seeking approval for a 340-km industrial access road to the site, which would connect the project with existing road and rail infrastructure for the transport of concentrate to the Port of Anchorage, Alaska. In March, the right of way permits previously issued to the Alaska Industrial Development and Export Authority (AIDEA) for the project were suspended by the U.S. Department of the Interior, which wants additional work completed on the Final Environmental Impact Assessment. While it awaits a judge’s decision on the permitting, the company says it will go ahead with a US$27-million, 10,000 metre drill program this summer at Arctic.

n VICTORIA GOLD Victoria Gold (TSX: VGCX; USOTC: VITFF) is the 100% owner of the Eagle gold mine in central Yukon. The open pit, heap-leach operation is located on the company’s 555-sq.-km Dublin Gulch property in the Tintina Gold Belt, 85 km by road northeast of Mayo and 491 km north of Whitehorse. The company acquired the property in 2009, beginning drilling and other exploration work the same year. First gold was poured in the third quarter of 2019 and commercial production was declared July 1, 2020. The company reported annual gold production of 164,220 oz. of gold in 2021, an increase of more than 40% over 2020 production. It aims to increase production to 250,000 oz. in 2023. Victoria Gold reported revenue of $356 million and net income of $108 million for 2021. The Eagle mine has grid hydro power, year-round road access and a 300-person, all-season, wellequipped camp. Mine employees work a fly-in/fly-out rotation using a commercial air strip 80 km away, near the village of Mayo. The Dublin Gulch property also hosts several other targets, including the Raven deposit for which Victoria Gold has budgeted $20 million for 25,000 metres of exploration drilling this year. The Eagle and nearby Olive deposits contain proven and probable reserves of 2.7 million oz. of gold in 123 million tonnes of ore

grading 0.67 gram gold per tonne. Measured and indicated resources are estimated at 191 million tonnes averaging 0.65 gram gold containing 4 million oz., inclusive of proven and probable reserves. Inferred resources add 24 million

n WESTERN COPPER AND GOLD Western Copper and Gold (TSX: WRN; NYSE: WRN) is developing the Casino project, a porphyry copper-gold-molybdenum deposit located in west-central Yukon, 300 km northwest of Whitehorse. The property lies within the Whitehorse Mining District and consists of 1,136 full and partial quartz claims covering an area of 211.3 sq. km, and 55 placer claims encompassing 4.9 sq. km. Rio Tinto (NYSE: RIO; LSE: RIO) has a 7.8% stake in the company, which it acquired last year via a $25.6 million investment. Based on a 2021 preliminary economic assessment, an open pit mine at Casino could feed a 120,000-tonne-per-day concentrator, and a 25,000-tonne-perday gold heap leach facility for 25 years with a preproduction capital investment of $3.3 billion. The study projected a $2.2-billion after-tax net present value (using an 8% discount rate) and a 19.5% internal rate of return. On-site processing facilities will produce a copper-gold concentrate, a molybdenum concentrate and gold and silver doré bars. A conventional open pit, truck and shovel operation is proposed with processing primarily by conventional milling to produce a concentrate. Some ore will be heap leached for gold recovery. Concentrate will be shipped to the Alaskan port of Skagway, 560 km from the mine site. An environmental and socioeconomic project proposal was submitted for Casino in January 2014. In February 2016, the Yukon Environmental Socio-economic Assessment Board determined that the project requires a panel review. A feasibility study is expected to be submitted by June of this year and an environmental and socioeconomic statement is scheduled for submission in the second quar-

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SNAPSHOT from 15

ter of 2023. Since an initial feasibility study in 2013, changes have been made to the project to reduce the amount of water that would be held in the tailings impoundment to alleviate concerns about the size of the tailings impoundment and any potential failure. Western Copper and Gold reports a resource of 7.6 billion lb. of copper and 14.5 million oz of gold in the measured and indicated category in 2.4 billion tonnes grading 0.14% copper and 0.19 gram gold per tonne. Inferred resources add 3.3 billion lb. copper and 6.6 million oz. of gold in 1.5 billion tonnes at 0.1% copper and 0.14 gram gold. Western Copper and Gold has a market cap of $440.7 million. n WHITE GOLD White Gold (TSXV: WGO; USOTC: WHGOF) is a Canadian gold exploration company operating in the prolific White Gold District south of Dawson City in northwest Yukon, site of the historic Klondike Gold Rush. The district is an emerging gold camp with more than 20 million oz. of historic placer gold production and 20 million oz. of defined gold resources. White Gold owns a portfolio of 21,111 quartz claims across 31 properties covering more than 4,200 sq. km, accounting for 40% of the district. Its flagship Golden Saddle and ARC deposits collectively contain indicated resources of 1.1 million oz. within 15.6 million tonnes averaging 2.28 grams gold per tonne, and inferred resources of 402,100 oz. within 9 million tonnes at 1.39 grams gold with mineralization remain-

ing open along strike, down-dip and down-plunge. Its VG deposit, acquired in March 2019, contains an inferred resource of 267,000 oz. gold in 5.3 million tonnes grading 1.62 grams. Most of its resources are near surface and, therefore, conducive to open pit mining. Exploration highlights include multiple high-grade gold intervals such as: 72.81 grams gold per tonne over 6.1 metres from 10.7 metres depth, including 136 grams gold over 3.1 metres; and 23.44 grams gold over 24.4 metres from surface. Regional exploration work has produced several new discoveries and prospective targets on the company’s claim packages, including its Ryan Surprise, Betty Ford and Ulli’s Ridge targets. Nearby gold projects include Newmont’s Coffee gold project and Western Copper and Gold’s Casino copper project. Strategic shareholders include Kinross Gold (TSX: K; NYSE: KGC) with 17% ownership, and Agnico Eagle Mines (TSX: AEM; NYSE: AEM) with 19.9% ownership following the closing in December 2021 of a non-brokered private placement for aggregate gross proceeds of $9 million. The company is planning its 2022 drill program, which will be 100% funded by its partners. “We are very grateful for the continued support of Agnico and our other shareholders and are now fully financed for what we expect to be another exciting and impactful exploration program in 2022,” said White Gold CEO David D’Onofrio. The company was cofounded by successful prospector Shawn Ryan, who made the Coffee discovery. White Gold has a market cap of $83.1 million. TNM

www.northernminer.com

YMP from 1

Australia, about 560 km north of Adelaide. The project is believed to host the world’s largest uranium resource and the fourth-largest copper resource. “I enjoyed the experience of working with BHP, especially on such a major project, and it was a great introduction to the mining industry,” Dorsch says. He also gained valuable experience working as a financial analyst for Adelaide Equity Partners. “This gave me a taste for what small-cap juniors have to go through when raising money and promoting their projects.” After graduating, Dorsch landed his first job with Santos Ltd. in Perth, in 2010, working as a drilling engineer. “My job focused on the exploration side for both the onshore and offshore parts of Santos and I was fortunate to have been involved in several fantastic offshore oil and gas discoveries.” In 2013, he took up a position with the Italian energy company Eni, a formerly state-owned oil and gas company in Perth, where he worked on several offshore oil and gas projects. It was this experience, Dorsch says, that gave him a “strong sense of the value creation side of the industry, and then knew that I wanted to focus on exploration.” He was then head-hunted by McKinsey & Co., joining the company’s Perth operations as a management

consultant in 2016. “I got to fly around the planet and work with a diverse range of clients in the oil and gas sector and had exposure to topics such as decarbonization and future mobility,” Dorsch says. While at McKinsey, Dorsch says he was able to further develop his communication skills. “The importance of good communication was drummed into me there — after all, there’s not much point in being good at something if you can’t communicate it.” Although he says it was a rewarding experience working at McKinsey, “I didn’t get the satisfaction that I was making a difference. I wanted to be on the owner’s side… to own and develop something that goes well and generates value.” Then, in 2017, a mutual acquaintance introduced him to Tim Goyder, the founder of Chalice. The pair had coffee together in Perth. “Tim and I immediately hit it off and were very much aligned in our thinking. Tim was looking to build a team and initially offered me a corporate development role with the company. I jumped at the opportunity.” Goyder, who retired last November, founded Chalice in 2006 and oversaw the company’s transition from exploring for gold in Australia and North Africa to its recent discovery at Julimar. According to Dorsch, Goyder was looking for a CEO to hand the company over to and says he was “fortunate to have been in the right

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Sixty North accelerates Mon property earn-in and reports new nickel-cobalt discovery NWT

| Nickel showing is first ever reported in the Yellowknife gold belt

An aerial view of Sixty North’s Mon gold project in the NWT. SIXTY NORTH GOLD MINING

BY JACKSON CHEN

ixty North Gold Mining’s (CSE: SXTY) proposed accelerated earn-in of the past-producing Mon gold mine in Northwest Territories has been approved by the project holder New Discovery Mines, which will convert its direct interest in the property into a participating interest in Sixty North. Located 40 km north of Yellowknife, the Mon property has produced over 15,000 tonnes of ore to depths of 15 metres below surface, recovering an estimated 15,000 oz. of gold. Sixty North is looking to restart production by mining and milling the high-grade A zone in a manner similar to past operations. Under the original earn-in agreement, Sixty North can earn an 80% interest in the Mon project by spending at least $6 million (of which $5.7 million has already been spent), and the remaining 20% carried interest can be acquired in

place at the right time.” In November 2017, Dorsch joined Chalice as general manager of corporate development and was appointed chief executive officer of the company five months later, in March 2018. “I spent the first two years exploring for gold and nickel,” he says. “I came out of McKinsey with a firm conviction for nickel, particularly nickel sulphide. Fortunately, Tim had assembled a fantastic team of geologists with experience in nickel sulphides, so we branched out from gold to the metals that are supporting the growth in electric vehicles.” While Chalice tried and failed to acquire a nickel asset in North America, the company staked an area around 1.5 hour’s drive from Perth in early 2018 as part of its global search for high-potential nickel sulphide exploration projects. This led to the discovery of highgrade nickel, copper, and PGEs at Julimar in March 2020, almost two years from the day that Dorsch was appointed CEO. “Julimar is one of Australia’s most significant new discoveries in the past decade,” Dorsch says. “With the discovery, we’ve opened up an entirely new mineral system, and it represents a great opportunity to deliver the green metals needed for a low-carbon future.” In addition to winning this year’s YMP award, Dorsch was recognized as ‘New/Emerging Leader of the Year’ by MiningNews and ‘CEO of the Year’ by Kitco in 2020. TNM

exchange for 25% of its outstanding common shares. Earlier this month, Sixty North proposed to accelerate the earn-in process by issuing approximately 49.5 million common shares — or roughly 25.5% of those outstanding — to acquire 100% of the property, subject to a 2% net smelter returns royalty. New Discovery, now a pending controlling shareholder of Sixty North, is owned by Dave Webb, Sixty North’s president and CEO, and Gerry Hess, both of whom had been involved with the Mon gold property for over 30 years. Webb took on the project from Cominco in 1988 through an option agreement. Hess was the mine manager between 1991 and 1997, when it was in production, and now serves as president of New Discovery. “We believe that the Mon property has tremendous potential and see no reason why it cannot extend to depths similar to the other past-

producers in the belt, providing many decades of operations,” Webb said. Nearby producers include GoldMining’s (TSX: GOLD) Discovery mine located 45 km north, where 1 million oz. were mined from 1 million tonnes of ore from surface to depths of 1,200 metres; and the Con mine located 45 km south, which produced over 6 million oz. of gold and is now owned by Newmont (TSX: NGT; NYSE: NEM). Meanwhile, the first nickel showing ever reported in the Yellowknife gold belt has been reported on the Mon property. According to Sixty North, an unusual nickel-cobalt PGM (platinum group metals)-rich zone associated with the 600-metrethick Eastern Mafic trend has been identified. The new discovery is located 1,800 metres south of the A zone, where a prospecting program produced grab samples returning over 1% nickel and 0.19% cobalt. TNM

CRITICAL MINERALS from 11

to expand its Taltson hydro-electric dam to power communities and mines in the region. The project though is still in its planning stages.

a number of geological provinces, which means lots of mineral potential,” said Hoefer. “We are a bit up against the wall when it comes to power.” There have, however, been some efforts to introduce renewable energy. Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) Diavik mine, which produced about 5.8 million carats of diamonds last year and is located about 200 km south of the Arctic Circle, uses wind energy to offset about 10% of its diesel usage, says Hoefer. Agnico Eagle Mines (TSX: AEM; NYSE: AEM), which operates several gold mines in Nunavut, is also looking to utilize wind energy, but has yet to make any installations. Unless drastic measures are taken, the power situation is likely to worsen, Hoefer says, since Canada’s carbon tax on fuel is set to increase every year until it reaches $170 per tonne in 2030. “The carbon tax’s intent is to alter behaviour and shift to alternatives, but there is an unintended consequence,” Hoefer said. “The reality is that we don’t have the ability to shift to an alternative effectively in the North. We are getting pinched here unfairly… we have fallen way behind in infrastructure, so that is not fair for operators here.” In a bid to tackle the power issue, the territorial government intends

Federal support needed Northwest Territories Finance Minister Caroline Wawzonek, who was with Alghabra in Yellowknife in April, believes that the Taltson project can be successful with support from the federal government. “We have a deficit of infrastructure both in terms of the amount of infrastructure that we have and in terms of its age,” said Wawzonek at the press conference on Apr. 20. “We have several advanced projects… that stand to benefit from investments whether it be connecting roads (or) that allow for better hydro access for energy.” She also hoped that announcements made in the 2022 federal budget with regards on the critical minerals sector would help “accelerate” projects in the region and move them into the production phase. Hoefer echoes a similar sentiment. “With the critical minerals situation and climate change, there is an urgency which the federal budget clearly spells out,” he said. “Canada wants to be a player… and the North is clearly going to be a player in that, but we want to be a very clean player and need the government support.” TNM

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THE NORTHERN MINER / MAY 2—15, 2022

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M A R K E T N EWS TORONTO STOCK EXCHANGE / APRIL 18-22, 2022 Over the Apr. 18-22 trading period, the S&P/ TSX Composite Index fell 692.03 points or 3.2% to 21,186.38. The S&P/TSX Global Mining Index decreased 15.14 points or 12.85% to 117.82 and the S&P/TSX Global Base Metals Index fell 30.71 points or 15.41% to 199.25. The S&P/TSX Global Gold Index fell 31.02 points or 9.07% to 341.86 and spot gold ended the week down 1%, or US$22.45 per oz. lower, at US$1,941.55 per ounce. Shares of Trevali Mining fell 41.3% to $1.11 as flooding at its Perkoa zinc mine in Burkina Faso on Apr. 16 disrupted operations and left eight underground miners missing. In a statement on Apr. 21, the company said that the requirements to repair the mine were still not known. As such, the company wasn’t able to predict when the mine would restart. In the meantime, rescue efforts continue with support from the government, local communities and other mining companies in the area, it said. “Our primary focus has been, and will remain, the search and rescue of the missing eight miners,” said the company’s CEO, Ricus Grimbeek. According to Trevali’s initial assessment, a heavy rainfall event that occurred outside the usual rainy season and poured about 125 mm of rain in less than an hour triggered flash floods that breached the open pit at Perkoa. As the water

entered the open pit and subsequently, the underground mine, electricity and communications were lost. While most of the workers managed to escape, the company hasn’t been able to communicate with the eight missing workers ever since, Trevali said. After flooding stopped, the water level in the mine settled at the mine’s Level 520, which is 520 metres from surface. The mine is developed down to Level 710, said Trevali. As Russia intensified its attack on Ukraine during the week, shares of Ukraine-focused iron ore developer Black Iron fell 22.2% to 11¢. On Apr. 6, the company said that it would not be able to publish its feasibility study for the Shymanivske project until peace has returned to the Dnipropetrovsk region of Ukraine. It said that its consulting engineering firm, Wood, TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy Kinross Gold Denison Mines Yamana Gold Barrick Gold NorZinc B2Gold Corp First Quantum Fission Uran Nexgen Energy

SU K DML YRI ABX NZC BTO FM FCU NXE

29674 43.83 23713 7.90 18963 2.22 17442 8.05 16397 32.78 14398 0.04 13362 6.39 12966 43.28 12623 1.08 11304 7.90

WEEK LOW CLOSE CHANGE

40.90 41.10 6.92 6.95 1.76 1.80 7.44 7.52 29.78 30.18 0.03 0.03 5.68 5.70 35.70 35.75 0.91 0.97 6.45 6.57

1.47 0.80 0.41 0.30 1.61 0.02 0.54 5.26 0.11 1.31

cannot meet the requirements for completing a feasibility study under National Instrument 43-101 guidelines without conducting another site visit. Shares of Newmont fell $12.14 or 12.8% to $94.80 after the company announced its first quarter results for this year. While the company’s revenues were in line with estimates, Newmont reported higher-than-expected operating costs. Newmont also suggested in the

press release and on a conference call that global supply chain disruptions and labour shortages could continue to weigh on its operations and projects. Analysts say that the pandemic and the Russia-Ukraine conflict have contributed to significant challenges for all miners, not just Newmont. The company produced 1.3 million oz. gold at an all-in sustaining cost (AISC) of US$1,156 per oz., and reported an adjusted net income of $546 million. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Xanadu Mines Canagold Res Talisker Res Imperial Metal Century Global Verde Potash Tanzanian Gold Silver Bull Re Niocorp Dev Dynacor Gld Mn Trevali Mining NorZinc Scandium Intl Energy Fuels Avalon Advance Black Iron Augusta Gold Endeavr Silver Largo Res Ur-Energy

XAM CCM TSK III CNT NPK TNX SVB NB DNG TV NZC SCY EFR AVL BKI G EDR LGO URE

6138 0.04 501 0.40 1162 0.28 138 3.99 10 0.28 2446 11.49 203 0.43 49 0.28 476 1.12 133 3.45 5305 1.64 14398 0.04 5411 0.13 4160 13.59 4312 0.22 3776 0.14 552 2.25 3197 7.27 494 15.43 1774 2.31

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.03 0.34 0.24 3.77 0.00 9.26 0.40 0.26 1.06 3.24 1.10 0.03 0.10 10.23 0.16 0.10 1.67 5.63 12.11 1.84

0.04 0.40 0.26 3.93 0.27 9.62 0.40 0.27 1.08 3.32 1.11 0.03 0.10 10.40 0.17 0.11 1.71 5.64 12.32 1.86

+ + + + + + + + + + -

16.7 12.7 4.1 4.0 3.9 3.1 2.6 1.9 1.9 1.8 41.3 37.5 26.9 23.1 22.7 22.2 20.8 20.0 19.9 19.5

Verde Potash Imperial Metal Dynacor Gld Mn Marimaca Cop Canagold Res Niocorp Dev Century Global Talisker Res Tanzanian Gold Xanadu Mines Newmont Corp Nutrien Franco-Nevada Agnico Eagle Teck Res First Quantum Labrador IOR Cameco Corp Pan Am Silver Teck Res

NPK III DNG MARI CCM NB CNT TSK TNX XAM NGT NTR FNV AEM TECK.B FM LIF CCO PAAS TECK.A

2446 138 133 64 501 476 10 1162 203 6138 1324 7388 1608 5618 11268 12966 2419 8875 2051 23

WEEK CLOSE

9.62 3.93 3.32 4.11 0.40 1.08 0.27 0.26 0.40 0.04 94.80 132.07 201.80 75.86 47.40 35.75 35.95 35.29 33.60 54.60

CHANGE

+ + + + + + + + + + -

0.29 0.15 0.06 0.05 0.05 0.02 0.01 0.01 0.01 0.01 12.14 9.27 9.02 7.15 7.06 5.26 5.15 4.34 4.09 3.91

TSX VENTURE EXCHANGE / APRIL 18-22, 2022 The S&P/TSX Venture Composite Index tumbled by 51.58 points or 5.8% over the Apr. 18-22 trading session to end at 836.63. The week’s most actively traded stock was Alphamin Resources, which advanced 24¢ or 21.2% to end at $1.37 per share, on trading volume of 22.1 million shares. The company operates the world’s highest-grade tin mine, Mpapa North, in the Democratic Republic of the Congo’s North Kivu province. The company reported tin production of 3,061 tonnes in its most recent quarter, and an estimated EBIDTA of US$98 million – up 32% from the previous quarter. Average run-of-mine grades at Mpapa North are 4.5% tin. At the end of March, Alphamin released an updated resource for its Mpapa South tin deposit, and announced it would go ahead with development at a cost of US$116 million. First production from Mpapa South, which contains 850,000 tonnes grading 2.55% tin for 21,500 tonnes in the indicated category and 3.4 million tonnes at 2.45% tin for 83,700 tonnes in the inferred category, is expected at the end of 2023. York Harbour Metals, which is exploring its copper-zinc project of the same name in

Newfoundland, climbed 41¢, or 39% higher, to end the week at $1.46 per share. The company reported it had completed 28 holes totalling 4,980 metres as part of phase 3 drilling at its project. The latest drill campaign is meant to infill drill the Main Mine Zone and expand its 400-metre strike length. Based on visually observed VMS mineralization in the drillcore, the company believes the drilling will confirm earlier results that encountered multiple zones of copper and zinc-rich mineralization with attendant silver and cobalt in the Main Mine area, and extend mineralization. Assays for the have not yet been reported, but highlights from previous drilling have included 25 metres of 2.7% copper, 9% zinc, 164 grams cobalt per TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Alphamin Res Pure Gold Mg Azincourt Ener Sable Res Maritime Res Decade Res Nevada Sunrise Leeta Gold Libero Copper Corsa Coal

AFM PGM AAZ SAE MAE DEC NEV HIVE LBC CSO

22088 20339 12158 12131 9297 9073 8822 6981 6069 5658

1.46 0.24 0.19 0.33 0.12 0.05 0.17 2.34 1.05 0.86

WEEK LOW CLOSE CHANGE

1.12 0.16 0.07 0.23 0.09 0.04 0.07 2.04 0.67 0.74

1.37 0.22 0.16 0.31 0.09 0.05 0.12 2.04 0.86 0.77

+ + + + + + -

0.24 0.07 0.03 0.09 0.02 0.01 0.05 0.18 0.20 0.03

tonne, 17.8 grams silver and 0.2 gram gold in hole YH21-18. Shares in Nevada Sunrise Gold closed at 12¢, up 5¢ or 71.4% for the week on drill results from its inaugural two-hole drilling program at its Gemini lithium project in Nevada. Highlights included 61 metres grading 950.57 parts per million (ppm) lithium

starting from 97.6 metres depth in drillhole GEM22-01; and 39.6 metres grading 775.9 ppm lithium starting from 118.9 metres. “This initial result represents a new discovery of lithium-bearing sediments in the western Lida Valley, which has not been historically drill tested for lithium mineralization,” the company said in a release. TNM

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

Happy Ck Mnrls Nevada Sunrise Lucky Min Black Mammoth Lovitt Res Lightspeed Dis Pure Gold Mg Sable Res York Harbour Pac Booker Min Getty Copper Vanadiumcorp Odyssey Res Nevada Zinc Uravan Mnrls Wescan Gldflds Millennium Sil CaNickel Mng CoTec Holdings Tower Res

HPY NEV LKY BMM LRC.H LSD.H PGM SAE YORK BKM GTC VRB ODX.H NZN UVN WGF MSC CML CTH TWR

1690 8822 1570 80 27 2 20339 12131 3102 57 969 263 38 828 136 10 352 72 15 1922

0.08 0.17 0.10 0.21 0.15 0.08 0.24 0.33 1.49 0.95 0.07 0.18 0.05 0.15 0.25 0.10 0.02 0.17 0.75 0.33

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.04 0.07 0.06 0.17 0.00 0.00 0.16 0.23 1.17 0.00 0.04 0.13 0.00 0.10 0.00 0.00 0.00 0.00 0.00 0.21

0.07 0.12 0.09 0.21 0.15 0.08 0.22 0.31 1.46 0.90 0.04 0.15 0.03 0.10 0.17 0.07 0.01 0.11 0.45 0.23

+ 100.0 + 71.4 + 54.5 + 50.0 + 50.0 + 50.0 + 43.3 + 40.9 + 39.0 + 38.5 - 46.2 - 42.0 - 37.5 - 35.5 - 34.6 - 33.3 - 33.3 - 31.3 - 29.7 - 29.2

VOLUME (000s)

York Harbour Pac Booker Min Alphamin Res Armor Min Tanqueray Expl Metalore Res Libero Copper Stakeholdr Gld Sable Res Lara Expl Uranium Roylty Universal Vent Cornerstone Ca Rock Tech Lith First Cobalt New Found Gold Rupert Res Los Andes North Peak Res Arizona Metals

YORK BKM AFM A IPA MET LBC SRC SAE LRA URC MCLD CGP RCK ELBM NFG RUP LA NPR AMC

3102 57 22088 12 105 1 6069 12 12131 138 989 56 49 228 410 2212 251 158 640 1213

WEEK CLOSE

1.46 0.90 1.37 0.87 7.36 2.51 0.86 0.71 0.31 0.71 4.64 3.50 4.30 4.91 5.66 8.46 5.15 14.30 1.51 6.19

CHANGE

+ + + + + + + + + + -

0.41 0.25 0.24 0.22 0.21 0.21 0.20 0.12 0.09 0.08 0.86 0.84 0.70 0.55 0.50 0.49 0.49 0.45 0.44 0.43

US MARKETS / APRIL 18-22, 2022 The Dow Jones Industrial Average fell 600.29 points or 1.77% to 33,811.40 and the S&P 500 fell 119.91 points or 2.8% over the week to 4,271.78. Shares of Endeavour Silver fell 20.3% to US$4.44 as the price of silver retreated by 6.4% to US$24.34 per oz. during the week. On Apr. 13, the company reported high-grade drill results from its ongoing exploration program at the Guanacevi mine in Mexico’s Durango state. Highlights included 7.5 metres grading 5.83 grams gold per tonne and 2,067 grams silver starting from 90.4 metres in drillhole UCM-93; and 7.6 metres grading 1.89 grams gold per tonne and 975 grams silver starting from 101.6 metres in drillhole UCM-94. (Both holes represent true widths.) “The drill results… are amongst some of the highestgrade intercepts we have seen at Guanacevi to date,” the company’s CEO Dan Dickson said in a release. From December 2021 to March 2022, the company drilled 2,842 metres in 16 holes at Guanacevi from underground. Shares of Alcoa fell 23.2% to US$67.37 as the company announced its most recent quarterly results. The company’s primary aluminum production decreased 10% from the previous quarter on the curtailment of the San Ciprián

smelter and fewer days in the quarter. Production in the alumina segment was down 2%. Analysts say that the quarter’s results were largely in line with expectations, but incremental cost pressures and lower expected bauxite results in future are a concern. The company’s net income of US$469 million, or US$2.49 per share, improved from the prior quarter’s net loss of US$392 million, or US$2.11 per share. Shares of Hecla Mining fell 15.2% to US$6.06 as the company announced its quarterly results on Apr. 12. The company reported consolidated production of 3.3 million oz. silver, 41,600 oz. gold, 10,900 tonnes of lead and 14,900 tonnes of zinc. While its silver production was 1% higher than forecast by BMO Capital Markets’ mining analysts, its gold, lead and zinc producU.S. MOST ACTIVE ISSUES VOLUME (000s)

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

HIGH

WEEK LOW CLOSE CHANGE

VALE 159422 19.50 16.61 AUY 115651 6.40 5.86 CLF 114962 32.72 28.48 FCX 97604 51.34 41.13 GOLD 95057 25.99 23.48 KGC 93637 6.27 5.45 X 67587 38.36 33.44 IAG 50294 3.71 3.07 CVX 48642 174.54 160.86 AA 47719 90.98 66.72

16.70 5.91 28.95 41.91 23.73 5.49 33.59 3.12 160.95 67.37

2.78 0.30 1.89 7.28 1.47 0.65 3.45 0.59 10.64 20.40

tion were 2%, 7% and 6% lower, respectively. The company’s Greens Creek mine in southeast Alaska produced 2.4 million oz. of silver and 11,400 oz. gold, which exceeded BMO’s forecasts by 11% and 9%, respectively. However, the 30,200 oz. of gold produced at Casa Berardi in Quebec was 6% lower than the expected estimate of 32,100 oz. gold, and a decrease from the 37,300 oz. produced in the fourth quarter of 2021. Hecla noted that the

decrease was in line with expectations as the company sourced lower-grade open pit ore from the 160 Pit, which began production in the last quarter. The Lucky Friday mine in northern Idaho, produced 888,000 oz. of silver, missing BMO’s forecast of 1.1 million oz. by 20%. The company said that fewer tonnes and lower silver grades were mined due to equipment delays that impacted mine sequencing. TNM U.S. GREATEST VALUE CHANGE

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

Black Hills* Natural Res Pt* Nouveau Monde* Trecora Res* MartinMarietta* Turquoise HIl* Suncor Energy* Yamana Gold* Franco-Nevada* Barrick Gold* Peabody Enrgy* Alcoa* Endeavr Silver* Gatos Silver* Arch Resources* First Majestic* Nexgen Energy* Coeur Mng* IAMGOLD* Hecla Mining*

BKH NRP NMG TREC MLM TRQ SU AUY FNV GOLD BTU AA EXK GATO ARCH AG NXE CDE IAG HL

1155 80.95 164 47.78 370 6.69 146 8.65 1576 384.53 2990 29.97 26074 35.09 115651 6.40 2851 168.59 95057 25.99 38346 33.29 47719 90.98 19916 5.78 3290 5.19 4447 175.99 35045 14.59 14713 6.25 25570 5.40 50294 3.71 38752 7.38

VOLUME (000s)

WEEK LOW CLOSE CHANGE

77.93 79.03 43.88 44.54 6.18 6.33 8.18 8.20 353.92 354.83 28.22 28.66 32.16 32.30 5.86 5.91 158.27 158.54 23.48 23.73 24.49 24.51 66.72 67.37 4.42 4.44 3.98 4.03 133.16 133.95 11.60 11.70 5.07 5.16 4.34 4.39 3.07 3.12 6.02 6.06

+ -

0.5 0.9 2.0 2.4 2.7 3.0 4.3 4.8 5.1 5.8 24.7 23.2 20.3 19.6 19.5 17.8 17.2 16.7 15.9 15.2

Black Hills* McEwen Mng* Nouveau Monde* Trecora Res* Yamana Gold* Natural Res Pt* Harmony Gold* IAMGOLD* Kinross Gold* Fortuna Silvr* Arch Resources* Alcoa* Intrepid Pots* Chevron Corp* Newmont Corp* MartinMarietta* Mosaic* Rio Tinto* Franco-Nevada* Nutrien*

BKH MUX NMG TREC AUY NRP HMY IAG KGC FSM ARCH AA IPI CVX NEM MLM MOS RIO FNV NTR

1155 9372 370 146 115651 164 31707 50294 93637 28776 4447 47719 4144 48642 44396 1576 45837 20217 2851 16174

WEEK CLOSE

CHANGE

79.03 0.75 6.33 8.20 5.91 44.54 4.25 3.12 5.49 3.79 133.95 67.37 95.16 160.95 74.52 354.83 66.77 72.67 158.54 103.81

+ 0.38 - 0.10 - 0.13 - 0.20 - 0.30 - 0.40 - 0.57 - 0.59 - 0.65 - 0.66 - 32.54 - 20.40 - 16.79 - 10.64 - 10.25 - 9.99 - 9.28 - 9.20 - 8.52 - 8.19

GLOBAL MINING NEWS

THE NORTHERN MINER / MAY 2—15, 2022

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

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening on April 21 2022 (change from April 14 2022 in brackets): Aluminium Alloy 2160 (0) Aluminium 589,725 (-18,275) Copper 130,500 (+19,825) Lead 39,725 (-80) Nickel 73,068 (+468) Tin 2,700 (+35) Zinc 106,125 (-9475)

TSX SHORT POSITIONS

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$117.05 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$15.70 Cobalt: US$36.98/lb. Copper: US$4.64/lb. Copper: CME Group Futures April 2022: US$4.44/lb.; May 2022: US$4.45/lb. Iridium: NY Dealer Mid-mkt US$6,100/tr oz. Iron Ore 62% Fe CFR China-S: US$150.5 Lead: US$1.09/lb. Rhodium: Mid-mkt US$20,250/tr. oz. Ruthenium: Mid-mkt US$750 per oz. Silver: Handy & Harman Base: US$24.29 per oz.; Handy & Harman Fabricated: US$30.36 per oz. Tin: US$19.14/lb. Uranium: U3O8, Trading Economics spot price: US$56.60 per lb. U308 Zinc: US$2.05 per lb. Prices current March 28, 2022

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Apr 15, 2022 (with changes from Mar 31, 2022) Largest short positions Ivanhoe Mines IVN 17706687 824917 Argonaut Gold AR 17553605 -98940 Suncor Energy SU 14324915 -5508917 Barrick Gold ABX 13765126 1569667 Kinross Gold K 13244912 -2565055 McEwen Mng MUX 12360723 130933 Wheaton Prec WPM 11134144 645564 Fission Uran FCU 11030320 1140371 Fortuna Silvr FVI 10664338 511888 Nexgen Energy NXE 9349898 1645498 Lundin Mng LUN 9304572 1198741 Denison Mines DML 8896804 874375 IAMGOLD IMG 7217527 -12503 Yamana Gold YRI 7195007 3402810 New Gold NGD 6794785 -46379 Largest increase in short position Yamana Gold YRI 7195007 3402810 Nexgen Energy NXE 9349898 1645498 Barrick Gold ABX 13765126 1569667 Wallbridge Mng WM 6578176 1364944 Nighthawk Gold NHK 1613533 1202223 Largest decrease in short position Suncor Energy SU 14324915 -5508917 Kinross Gold K 13244912 -2565055 Osisko Gold OR 3010285 -2204948 First Quantum FM 6718476 -1578683 Global Atomic GLO 752433 -1225125

3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022

Short positions outstanding as of Apr 15, 2022 (with changes from Mar 31, 2022) Largest short positions Pure Gold Mg PGM 4288697 -865849 Noront Res NOT 3725853 639963 GR Silver GRSL 3693051 24267 Purepoint Uran PTU 2604374 557533 Leeta Gold HIVE 2551100 695193 GoviEx Uranium GXU 2261597 219132 Oroco Res OCO 2030961 366849 Emerita Res EMO 2000428 -808262 Canada Silver CCW 1805060 272235 Corsa Coal CSO 1797099 1032883 Frontier Lith FL 1606919 372265 Angold Res AAU 1479886 1103228 Dolly Vard Sil DV 1320426 401171 Cassiar Gold GLDC 1263531 -77499 Gratomic GRAT 1191395 -204881 Largest increase in short position Angold Res AAU 1479886 1103228 Corsa Coal CSO 1797099 1032883 Rusoro Mng RML 843828 789259 Colombia Crest ATX 1035289 788617 Leeta Gold HIVE 2551100 695193 Largest decrease in short position Elevation Gold ELVT 94709 -3063225 Canada Nickel CNC 355560 -2608028 GFG Resources GFG 19234 -1953775 Uranium Roylty URC 405851 -1530091 Baselode Egy FIND 704076 -1468858

APR 21

3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022

APR 22

2660/2660 3261/3275.5 10267/10280 2413/2412 33750/33775 43250/42850 4484.5/4419.5

PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1975.95 1975.95 1947.55 Gold PM 1964 1964 1949.55 Silver 25.92 25.92 25.20 Platinum 1011 1011 985 Palladium 2358 2358 2405

2590/2590 3243.5/3259 10230/10234 2399/2399 33825/33900 42100/41750 4514/4454

1945.95 1943.70 24.65 978 2432

1942 1941.55 24.35 940 2405

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

Apr 22 1.2715 0.7865

Apr 21 1.2591 0.7942

Apr 20 1.2488 0.8008

Apr 19 1.2604 0.7934

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

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

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

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

TSX VENTURE WARRANTS 3/31/2022 3/15/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022 3/31/2022

DAILY METAL PRICES Date APR 18 APR 19 APR 20 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2660/2660 2660/2660 2660/2660 Aluminum 3237/3265 3310/3325 3239/3248 Copper 10276/10308 10385/10390.5 10210/10245 Lead 2470/2443 2423/2425 2423/2419.5 Nickel 33200/33200 33650/33700 33795/33725 Tin 43300/43150 43575/43200 43375/42945 Zinc 4471/4430 4528/4455 4509/4445

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

Apr 18 1.2602 0.7936

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

NORTH AMERICAN STOCK EXCHANGE INDICES

Exchange rates (Quote Media, April 22, 2022) C$ to AUS C$ to EURO 1.0862 0.7286 C$ to UK Pound C$ to China Yuan 0.6127 5.1123 US to AUS US to EURO 1.3798 0.9260 US to UK Pound US to China Yuan 0.7789 6.5017

C$ to YEN 101.1030 C$ to India Rupee 60.1362 US to YEN 128.4710 US to India Rupee 76.4637

C$ to Mex Peso 15.9171 C$ to Swiss Franc 0.7525 US to Mex Peso 20.2470 US to Swiss Franc 0.9575

C$ to SA Rand 12.2813 C$ to S. Korea Won 978.2002 US to SA Rand 15.5156 US to S. Korea Won 1243.9300

52-week

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

Apr 22 21186.38 836.63 1281.87 341.86 330.89

Apr 21 21650.41 855.61 1310.19 347.25 330.89

Apr 20 21998.38 885.35 1328.91 363.75 330.89

Apr 19 22018.82 892.78 1331.19 363.45 330.89

Apr 18 21878.41 892.74 1321.81 372.88 330.89

High 22213.07 1025.77 1344.63 379.45 332.92

Low 19033.54 802.71 1132.44 257.81 229.83

NEW 52-WEEK HIGHS AND LOWS APRIL 18-22, 2022 CANADIAN GOLD MUTUAL FUNDS FundName BMO Prec Mtls Fd A BMO ZGD BMO ZJG CANL Prec Mtl Fd A CI Pre Met Fd A CIBC Prec Metal Fd A Dyn Prec Metls Fd A Harvest HGGG Horizons HEP IG MacGbPreMetCl A iShares XGD NBI PrecMetFd Invt NP Silver Equ A NPT Go&PrMinFd A RBC GblPreMetFd A TD Prec Mtl Fd Inv

Apr 22 ($) 27.44 80.59 76.10 20.81 60.80 16.39 13.96 29.10 30.98 17.38

Apr 15 ($)

20.48 8.88 57.74 61.29 54.44

Change ($) -2.25 -7.81 -6.57 -1.81 -3.33 -1.16 -1.16 -2.22 -2.29 -1.46 -1.52 -1.61 -0.99 -3.89 -5.39 -4.22

Change (%) -7.58 -8.83 -7.94 -8.02 -5.19 -6.59 -7.70 -7.08 -6.89 -7.76 -6.51 -7.31 -10.05 -6.31 -8.09 -7.19

YTDChange (%) 15.57 17.05 17.89 16.60 8.85 15.38 7.08 9.20 14.19 15.79 19.95 11.84 4.76 8.09 14.65 17.38

MER (%) 2.40 0.60 0.61 2.58 2.31 2.27 2.67 0.68 0.81 2.63 0.61 2.46 3.24 3.19 2.09 2.26

TotalAssets (M$) 58.65 59.02 89.06 21.63 369.60 61.21 660.37 4.37 23.76 30.19 410.48 145.21

113 New Highs Alamos Gold Alliance Res* Alphamin Res Alphamin Res * Altius Mnrls Altius Mnrls * Anglo American* Angus Gold Arch Resources* Arianne Phosph Arianne Phosph* Armor Min Azincourt Ener Azucar Min Azucar Min* Baden Res BCM Res* Black Hills* BrightRock* Caledonia Mng* CANEX Metals * Central Asia* Cerrado Gold Chatham Rock Chatham Rock* China Gold Int CMC Metals

CMC Metals* CONSOL Energy* Copperbank Res CoTec Holdings Eldorado Gold Eldorado Gold* EMP Metals EMP Metals* Ethos Gold Filo Mg Corp Filo Mg Corp * First Cobalt Fox River Res Glencore Plc* Globex Mng Globex Mng* Gold Fields* Goldcliff Res Goldcliff Res* Green River Greenland Res Harfang Explor iMetal Res iMetal Res* Intrepid Pots* Jervois Mining Jervois Mining* Josemaria Res

K92 Mining K92 Mining* Karora Res* Libero Copper Libero Copper* Mega Uranium* Metals X* Moneta Porcpn Moneta Porcpn* Mosaic* Natural Res Pt* Nevada Sunrise Nevada Sunrise* Newmont Corp Newmont Corp* NGEx Minerals Nickel 28 Nutrien Nutrien* OceanaGold OceanaGold* Orca Gold* Orla Mining Osisko Metals Osisko Metals* Peabody Enrgy* Pegasus Res PepinNini Lith*

Petra Diamonds* Pine Cliff En Pine Cliff En* Power Metals Power Metals* RJK Explor* Romios Gold Rs Romios Gold Rs* Seabridge Gld Seabridge Gld* Select Sands SSR Mining SSR Mining* Stone Gold Suncor Energy Suncor Energy* Teck Res Teck Res* Timberline Res* Vanadiumcorp Vendetta Mng Verde Potash Western Areas* Wheaton Prec Wheaton Prec* Whitehaven Coa* Yamana Gold Yamana Gold*

York Harbour York Harbour* 53 New Lows Adventus Alexandra Cap* Alexco Res Alexco Res* Anfield Energy Auxico Res Bam Bam Res Bam Bam Res* Bayhorse Silvr* Bluestone Res* Brascan Gold Chakana Copper* CNRP Mng Doubleview Gld* EEE Explor Excelsior Mng Fosterville Galiano Gold* Gold Mountain* GoldHaven Res* GR Silver GR Silver* Gratomic Heliostar Met Heliostar Met*

Hemcare Health* Integra Res Integra Res* La Imperial Li-Metal Liberty Gold* Loncor Res Marathon Gold* McEwen Mng Muzhu Mining Nfld Discovery* Northern Light Oroco Res Rockland Res Scandium Intl Sierra Metals Sierra Metals* Sitka Gold Standard Uran Standard Uran* Starr Peak* Sun Summit Temas Res Temas Res* U.S. Gold* UC Res* Uranium Res* West Mining

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LEGEND A C L N O Q T V X *

– – – – – – – – – –

Australian Securities Exchange Canadian Stock Exchange London Stock Exchange New York Stock Exchange U.S. over-the-counter NASDAQ or U.S. OTC Toronto Stock Exchange TSX Venture Exchange NYSE American Denotes price in U.S.$

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

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

1 (metric) tonne = 1.1023 (short) tons 1 gram per (metric) tonne = 0.02917 troy ounces per (short) ton = 0.03215 troy ounces per (metric) tonne 1 kilometre = 0.6214 miles 1 hectare = 2.47 acres

WWW.NORTHERNMINER.COM

MAY 2—15, 2022 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: APRIL 18–22, 2022 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

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

95 487 112 308 71 301 58 583 426 33 157 355 24 221 344 5331 4563 38 2 198 306 176 45 1054 150 894 317 3 420 123 30 1 66 979 1 2 987 13266 5618 5 25 98 240 217 2544 12934 47719 87 43 280 754 1305 5484 165 467 41539 304 356 20 3178 102 124 1 33 2592 38 91 111 197 15 49 617 973 259 4623 22088 35 292 740 388 490 452 312 21 40 660 263 663 313 1001 459 540 93 12 5 37 3074 776 191 479621 122 45 0 5 95 333 160 265 183 1463 1589 588 440 1224 109 30 3749 2935 2105 1048 637 2098 355 76 745 429 30 0 0 178 487 381 215 34 4196 3986 15 5 55 8 2656 36 1 13761 919 3915 16 66 74 162 183 0 15 1 474 0 1201 325 700 1000 10317 73 4447

0.07 0.06 0.06 unch 0.00 0.15 0.05 0.10 0.08 0.09 - 0.01 0.11 0.05 0.31 0.27 0.28 - 0.02 0.59 0.21 0.39 0.34 0.36 - 0.02 0.72 0.26 0.04 0.00 0.04 unch 0.00 0.23 0.04 0.06 0.05 0.05 - 0.01 0.15 0.05 0.10 0.09 0.09 - 0.02 0.16 0.08 0.03 0.03 0.03 - 0.00 0.11 0.02 0.04 0.03 0.04 - 0.01 0.11 0.03 0.06 0.05 0.06 - 0.00 0.18 0.04 0.08 0.07 0.08 unch 0.00 0.21 0.06 0.10 0.00 0.09 - 0.01 0.17 0.08 0.07 0.00 0.07 - 0.01 0.15 0.05 0.04 0.04 0.04 - 0.00 0.07 0.03 0.06 0.00 0.05 - 0.01 0.08 0.04 0.52 0.41 0.41 - 0.05 0.82 0.32 0.42 0.32 0.32 - 0.05 0.68 0.25 0.43 0.00 0.43 + 0.03 3.00 0.33 0.30 0.30 0.30 unch 0.00 0.45 0.30 1.32 1.17 1.30 + 0.03 1.44 0.31 0.06 0.00 0.06 - 0.01 0.12 0.05 0.06 0.04 0.05 - 0.01 0.10 0.04 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.06 0.00 0.05 - 0.01 0.09 0.05 0.25 0.00 0.16 - 0.21 2.09 0.15 0.70 0.62 0.63 - 0.07 1.28 0.62 0.56 0.49 0.50 - 0.05 1.06 0.49 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.05 0.00 0.04 - 0.01 0.23 0.03 0.80 0.00 0.70 - 0.01 0.82 0.44 0.07 0.05 0.05 - 0.01 0.15 0.04 0.06 0.06 0.06 - 0.00 0.21 0.01 0.09 0.08 0.09 - 0.00 0.24 0.01 0.12 0.10 0.11 - 0.01 0.20 0.10 0.06 0.00 0.06 - 0.01 0.15 0.05 18.90 15.00 15.00 - 3.90 21.45 12.98 0.32 0.27 0.27 - 0.04 0.67 0.25 67.14 59.14 59.60 - 6.20 74.50 45.42 84.66 75.18 75.86 - 7.15 89.95 58.02 0.29 0.00 0.28 - 0.01 0.40 0.15 0.23 0.22 0.22 - 0.01 1.00 0.12 0.16 0.00 0.14 + 0.02 0.79 0.08 0.37 0.32 0.37 + 0.05 0.45 0.18 0.02 0.00 0.02 - 0.01 0.04 0.01 11.61 10.42 10.48 - 0.90 11.61 8.30 9.22 8.18 8.24 - 0.78 9.38 6.51 90.98 66.72 67.37 - 20.40 98.09 31.00 0.95 0.80 0.80 - 0.04 1.13 0.46 0.75 0.56 0.66 - 0.04 0.88 0.36 0.18 0.17 0.17 - 0.02 0.49 0.17 0.20 0.14 0.15 - 0.04 0.65 0.14 1.96 1.57 1.61 - 0.30 4.01 1.61 1.57 1.24 1.29 - 0.23 3.34 1.29 0.06 0.05 0.06 + 0.00 0.11 0.05 0.08 0.07 0.07 - 0.01 0.13 0.06 0.00 0.00 0.00 - 0.00 0.01 0.00 0.42 0.36 0.37 - 0.03 0.46 0.19 0.52 0.46 0.46 - 0.04 0.58 0.24 0.35 0.00 0.34 - 0.05 1.15 0.25 17.69 15.39 15.57 - 1.87 17.69 5.45 0.20 0.19 0.19 unch 0.00 0.63 0.15 0.17 0.15 0.15 - 0.00 0.44 0.12 0.00 0.00 0.07 unch 0.00 0.23 0.04 0.49 0.42 0.42 - 0.05 0.74 0.34 0.38 0.33 0.34 - 0.04 0.60 0.27 0.25 0.23 0.23 - 0.02 0.27 0.15 0.32 0.00 0.29 - 0.03 0.33 0.21 0.75 0.71 0.71 - 0.03 1.07 0.62 0.95 0.89 0.89 - 0.06 1.27 0.78 0.04 0.04 0.04 unch 0.00 0.13 0.01 0.05 0.00 0.05 unch 0.00 0.08 0.04 0.90 0.56 0.82 - 0.05 1.09 0.18 1.04 0.89 0.90 - 0.09 1.69 0.45 0.85 0.75 0.80 unch 0.00 0.90 0.25 1.17 0.89 1.08 + 0.18 1.17 0.44 1.46 1.12 1.37 + 0.24 1.46 0.56 0.09 0.00 0.08 - 0.02 0.17 0.06 0.09 0.06 0.06 - 0.01 0.13 0.03 0.08 0.07 0.07 - 0.01 0.19 0.04 0.29 0.26 0.26 - 0.02 0.79 0.24 0.36 0.33 0.34 - 0.02 0.80 0.31 0.17 0.14 0.14 - 0.01 0.42 0.13 0.21 0.18 0.19 - 0.02 0.47 0.17 0.08 0.00 0.08 unch 0.00 0.35 0.07 0.10 0.00 0.10 unch 0.00 0.20 0.09 0.33 0.27 0.28 - 0.05 0.50 0.23 0.26 0.21 0.21 - 0.05 0.36 0.18 25.71 21.63 21.70 - 2.85 25.71 14.92 20.36 17.00 17.05 - 2.35 20.36 11.56 0.36 0.34 0.35 + 0.01 0.43 0.14 0.29 0.27 0.28 + 0.01 0.37 0.12 0.05 0.02 0.03 + 0.01 0.11 0.00 0.03 0.00 0.02 unch 0.00 0.04 0.02 0.96 0.00 0.87 - 0.07 1.48 0.80 0.88 0.69 0.73 + 0.04 1.11 0.50 5.75 5.06 5.06 - 0.62 6.99 4.44 0.08 0.06 0.06 - 0.02 0.15 0.05 0.06 0.04 0.04 - 0.02 0.12 0.04 0.07 0.00 0.07 - 0.01 0.10 0.04 0.00 0.00 0.00 - 0.00 0.00 0.00 0.12 0.00 0.12 unch 0.00 0.20 0.10 0.10 0.00 0.09 + 0.01 0.16 0.08 0.00 0.00 0.44 unch 0.00 0.44 0.20 0.01 0.01 0.01 unch 0.00 0.05 0.00 0.17 0.15 0.15 - 0.01 0.23 0.12 0.21 0.19 0.19 - 0.01 0.29 0.16 0.04 0.04 0.04 unch 0.00 0.06 0.02 0.05 0.05 0.05 unch 0.00 0.08 0.04 0.11 0.00 0.10 - 0.02 0.40 0.10 3.00 2.55 2.59 - 0.31 5.00 1.20 3.75 3.25 3.33 - 0.33 6.25 1.50 0.54 0.49 0.50 - 0.03 1.17 0.37 0.69 0.62 0.64 - 0.03 1.48 0.47 0.85 0.71 0.77 - 0.04 1.40 0.13 0.35 0.30 0.31 - 0.02 0.42 0.02 0.04 0.00 0.04 + 0.00 0.29 0.03 1.14 0.92 0.94 - 0.12 2.49 0.68 1.44 1.16 1.20 - 0.12 3.02 0.85 1.85 1.62 1.64 - 0.11 2.01 1.02 1.47 1.27 1.29 - 0.11 1.66 0.82 1.09 0.97 1.03 - 0.01 1.74 0.54 0.90 0.75 0.81 + 0.02 1.37 0.53 3.10 2.95 3.00 + 0.05 3.36 2.07 2.47 2.32 2.36 + 0.01 2.68 1.65 0.32 0.25 0.25 - 0.03 1.90 0.20 0.39 0.32 0.33 - 0.03 2.15 0.25 0.06 0.00 0.06 unch 0.00 0.12 0.04 0.00 0.00 0.03 unch 0.00 0.03 0.03 0.00 0.00 0.12 unch 0.00 0.15 0.12 0.56 0.50 0.51 - 0.05 0.85 0.39 0.71 0.63 0.63 - 0.08 1.05 0.50 1.48 1.38 1.38 - 0.07 2.50 1.07 1.83 1.50 1.57 - 0.23 2.30 0.92 1.40 1.21 1.21 - 0.21 1.83 0.77 0.12 0.09 0.09 - 0.02 0.18 0.06 0.15 0.00 0.11 - 0.03 0.23 0.08 0.17 0.00 0.17 - 0.01 0.40 0.15 0.09 0.09 0.09 - 0.00 0.13 0.04 0.12 0.11 0.12 unch 0.00 0.17 0.05 55.39 0.00 43.89 - 11.37 55.61 33.18 27.80 21.94 22.03 - 5.40 27.80 16.75 3.24 3.03 3.03 - 0.20 3.45 1.99 22.20 0.00 22.15 - 0.60 27.20 15.31 24.97 20.90 21.17 - 2.51 26.96 14.57 0.10 0.08 0.09 - 0.01 0.33 0.08 0.13 0.11 0.11 - 0.01 0.47 0.11 1.10 1.01 1.01 - 0.00 1.25 0.56 1.33 1.26 1.28 unch 0.00 1.33 0.69 0.03 0.03 0.03 + 0.00 0.05 0.02 0.04 0.00 0.04 - 0.01 0.06 0.03 0.14 0.11 0.12 + 0.01 0.25 0.09 0.00 0.00 0.18 unch 0.00 0.18 0.18 22.40 19.42 19.46 - 2.34 27.80 16.50 0.06 0.00 0.06 unch 0.00 0.13 0.01 0.09 0.00 0.09 + 0.02 0.09 0.04 0.00 0.00 0.11 unch 0.00 0.14 0.09 0.50 0.41 0.46 + 0.02 1.15 0.40 0.40 0.34 0.35 + 0.01 1.00 0.32 0.58 0.41 0.43 - 0.12 1.00 0.33 0.73 0.52 0.55 - 0.14 1.22 0.42 0.01 0.01 0.01 - 0.01 0.03 0.01 2.51 0.00 2.45 unch 0.00 2.85 1.70 175.99 133.16 133.95 - 32.54 175.99 44.20

(100s) Stock

Exc Volume

Archer Explor C Archon Mineral V Arcland Res V ArcPacific Res V Arctic Fox Ven C Arctic Star* O Arctic Star V Arcus Dev Grp V Arcwest Explor V Arcwest Explor* O Arena Min* O Arena Min V Argentina Lith* O Argentina Lith V Argentum Silvr V Argo Gold C Argo Gold* O Argonaut Gold* O Argonaut Gold T Arianne Phosph V Arianne Phosph* O Aris Gold T Arizona Gold* O Arizona Gold T Arizona Metals V Arizona Metals* O Arizona Silver* O Arizona Silver V Armor Min V Artemis Gold* O Artemis Gold V Asante Gold* O Asante Gold C Asbestos Corp V Ascendant Res* O Ascendant Res T Ascot Res T Ascot Res * O AsiaBaseMetals V Aston Bay* O Aston Bay V ATAC Res* O ATAC Res V Atacama Cop V Atacama Res* O Atalaya Mining T Athabasca Min* O Athabasca Min V Athena Gold* O Athena C Atico Mining* O Atico Mining V Atlas Salt* O Atlas Salt V Aton Resources* O Aton Resources V Augusta Gold* O Augusta Gold T Aura Minerals T Aura Minerals* O Aurania Res* O Aurania Res V Aurcana Silver V Aurcana Silver* O AurCrest Gold V AurCrest Gold* O Aurelius Min V Aurelius Min* O Aurion Res V Aurion Res * O Aurora Royal V Aurwest Res* O Aurwest Res C AURYN Mining* O Aust Goldfield* O Aust Mines* O Austin Res V Austral Gold* O Austral Gold V Auxico Res* O Auxico Res C Avalon Advance* O Avalon Advance T Avarone Metals* O Avenira Ltd* O Avidian Gold* O Avidian Gold V Avino Silver* X Avino Silver T Avrupa Min V Avrupa Min* O Awale Res V Axmin Inc V Axmin Inc* O Aya Gold* O Azarga Metals* O Azarga Metals V Azimut Explor* O Azimut Explor V Azincourt Ener* O Azincourt Ener V Aztec Minerals V Aztec Minerals* O Azucar Min V Azucar Min* O

15 1 2 127 71 8 3364 4 140 4 1101 3881 329 714 31 253 30 434 3030 1768 1354 2052 909 2215 1213 569 296 384 12 52 378 5 392 0 87 539 1632 1592 0 122 506 375 166 59 1802 15 12 193 1064 59 151 333 20 714 3 0 562 552 115 1 58 146 1020 1217 14 25 428 142 200 126 2 180 485 15 19 123 0 282 861 11 53 1320 4312 1 4 62 29 3542 339 105 93 143 651 156 48 60 591 26 115 6704 12158 556 125 348 461

Week High

Low

0.35 0.30 0.17 0.06 0.13 0.10 0.13 0.04 0.09 0.05 0.53 0.65 0.38 0.48 0.15 0.10 0.08 2.05 2.57 0.82 0.65 2.13 0.06 0.08 6.78 5.36 0.40 0.54 0.87 5.87 7.34 1.80 2.26 0.00 0.17 0.22 1.05 0.84 0.00 0.04 0.05 0.12 0.14 0.25 0.01 6.68 0.32 0.46 0.11 0.15 0.38 0.48 1.50 1.74 0.20 0.00 1.80 2.25 12.10 9.42 0.48 0.60 0.26 0.22 0.21 0.18 0.39 0.31 1.02 0.83 0.05 0.10 0.12 1.03 0.15 0.22 0.00 0.07 0.07 0.65 0.85 0.18 0.22 0.02 0.01 0.04 0.05 0.99 1.23 0.11 0.08 0.23 0.04 0.03 7.65 0.03 0.06 1.07 1.37 0.07 0.19 0.34 0.27 0.19 0.15

0.25 0.00 0.00 0.06 0.12 0.08 0.10 0.00 0.00 0.05 0.44 0.55 0.32 0.41 0.00 0.09 0.06 1.83 2.34 0.62 0.49 1.72 0.05 0.07 6.13 4.83 0.35 0.42 0.00 5.26 6.73 1.60 1.99 0.00 0.14 0.18 0.94 0.74 0.00 0.03 0.04 0.10 0.00 0.00 0.01 6.29 0.31 0.38 0.06 0.00 0.31 0.38 1.23 1.54 0.20 0.00 1.34 1.67 10.69 0.00 0.45 0.55 0.22 0.17 0.00 0.18 0.31 0.24 0.98 0.77 0.00 0.08 0.09 0.80 0.00 0.16 0.00 0.06 0.00 0.00 0.00 0.12 0.16 0.02 0.01 0.04 0.05 0.76 0.98 0.00 0.07 0.00 0.00 0.03 6.51 0.00 0.00 1.02 1.25 0.05 0.07 0.28 0.22 0.00 0.13

Last

12-month Change

0.30 0.30 + 0.17 + 0.06 unch 0.13 unch 0.10 + 0.12 + 0.04 unch 0.08 0.05 unch 0.47 + 0.60 + 0.32 0.42 0.15 0.10 + 0.08 + 1.85 2.37 0.64 0.51 1.80 0.06 0.07 6.19 4.90 0.35 0.45 0.87 + 5.35 6.76 1.60 2.00 0.60 unch 0.14 0.18 0.94 0.75 0.18 unch 0.03 0.04 0.10 0.13 0.24 unch 0.01 6.50 0.31 0.38 0.09 + 0.14 + 0.32 0.41 1.26 1.65 0.20 0.30 unch 1.35 1.71 10.81 8.41 0.47 + 0.58 + 0.23 0.18 0.20 0.18 unch 0.36 + 0.29 + 0.98 0.77 0.05 + 0.10 + 0.11 + 1.00 0.14 + 0.22 + 0.07 unch 0.06 0.07 0.60 0.76 0.13 0.17 0.02 unch 0.01 unch 0.04 + 0.05 unch 0.79 1.01 0.10 unch 0.07 + 0.20 unch 0.03 0.03 6.75 0.03 + 0.04 1.02 1.30 0.06 0.16 0.29 0.22 0.17 0.13 -

0.06 0.06 0.01 0.00 0.00 0.01 0.02 0.00 0.01 0.00 0.00 0.02 0.03 0.04 0.01 0.01 0.00 0.14 0.16 0.15 0.12 0.02 0.00 0.01 0.43 0.32 0.04 0.04 0.22 0.14 0.16 0.16 0.25 0.00 0.02 0.03 0.10 0.06 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.05 0.01 0.06 0.00 0.09 0.03 0.03 0.09 0.10 0.04 0.00 0.35 0.45 1.13 1.01 0.00 0.02 0.03 0.02 0.01 0.00 0.06 0.05 0.03 0.06 0.01 0.01 0.01 0.03 0.01 0.05 0.00 0.01 0.01 0.08 0.09 0.04 0.05 0.00 0.00 0.00 0.00 0.17 0.21 0.00 0.00 0.00 0.01 0.00 0.62 0.00 0.01 0.03 0.03 0.10 0.03 0.04 0.04 0.02 0.01

Stock

1.25 0.33 0.38 0.25 0.20 0.24 0.29 0.04 0.12 0.10 0.60 0.68 0.77 0.96 0.28 0.26 0.19 3.23 4.09 0.82 0.65 2.70 0.12 0.15 6.98 5.60 0.48 0.60 0.87 6.23 7.93 1.80 2.29 0.80 0.55 0.34 1.41 1.33 0.25 0.06 0.09 0.16 0.20 0.65 0.04 8.48 0.54 0.70 0.21 0.30 0.65 0.78 1.87 1.98 0.24 0.31 1.92 2.40 17.50 14.31 2.82 3.43 1.10 0.91 0.39 0.28 0.65 0.51 1.36 1.09 0.08 0.14 0.22 1.05 0.24 0.27 0.10 0.15 0.19 1.68 1.85 0.19 0.24 0.04 0.01 0.40 0.20 1.44 1.73 0.11 0.15 0.88 0.08 0.06 9.44 0.12 0.17 1.98 2.49 0.25 0.29 0.41 0.32 0.19 0.15

0.08 0.19 0.06 0.04 0.12 0.04 0.05 0.03 0.06 0.05 0.08 0.10 0.10 0.12 0.14 0.08 0.06 1.55 1.98 0.29 0.23 1.21 0.04 0.05 2.47 1.97 0.13 0.17 0.53 3.40 4.86 0.20 0.13 0.50 0.12 0.16 0.87 0.71 0.13 0.03 0.04 0.07 0.09 0.22 0.01 4.71 0.12 0.15 0.06 0.05 0.27 0.37 0.48 0.58 0.12 0.16 0.71 0.89 9.01 7.13 0.42 0.52 0.20 0.16 0.12 0.09 0.21 0.17 0.65 0.49 0.03 0.08 0.08 0.45 0.01 0.12 0.06 0.05 0.06 0.10 0.42 0.07 0.09 0.02 0.00 0.04 0.05 0.70 0.89 0.07 0.05 0.17 0.03 0.02 5.25 0.03 0.03 0.73 0.90 0.09 0.10 0.22 0.16 0.07 0.06

B B2Gold Corp T 13362 B2Gold Corp* X 67105 Baden Res C 105 Bald Eagle V 4103 Balto Res V 4 Bam Bam Res C 4402 Bam Bam Res* O 1668 Bannerman Egy* O 11792 Banyan Gold V 772 Banyan Gold* O 305 Barksdale Res* O 47 Barksdale Res V 111 Baroyeca Gold V 479 Baroyeca Gold* O 94 Barrick Gold* N 95057 Barrick Gold T 16397 Barsele Min* O 2 Barsele Min V 76 Baru Gold V 1325 Baru Gold* O 189 Baselode Egy* O 1267 Baselode Egy V 2091 Basin Uranium C 493 Batero Gold V 26 Batero Gold* O 1 Bathurst Met V 38 Bathurst Metal* O 50 Battery Min V 149 Bayhorse Silvr* O 672 Bayhorse Silvr V 796 BC Moly V 31 BCM Res V 1089 BCM Res* O 166 BE Res V 0 Bear Creek Mng V 447 Bear Creek Mng* O 233 Bearclaw Cap V 0 Bearing Lith V 387 Bearing Lith* O 194 Beauce Gold V 153 Bell Copper V 395 Bell Copper* O 179 Belmont Res V 1982 Belo Sun Mng T 501 Belo Sun Mng* O 1624 BeMetals * O 69 BeMetals V 367 Benchmark Met* O 153 Benchmark Met V 515 Benjamin Hill C 17 Benjamin Hill* O 39 Benton Res* O 82 Benton Res V 198 Benz Mining* O 10 Benz Mining V 303 Bessor Min V 15 Bird River Res C 113 Bitterroot Res* O 62

(100s)

High Low

6.39 5.68 5.70 - 0.54 6.63 4.21 5.07 4.46 4.49 - 0.48 5.37 3.30 0.23 0.16 0.23 + 0.07 0.23 0.12 0.09 0.08 0.08 unch 0.00 0.12 0.04 0.09 0.00 0.09 + 0.02 0.22 0.04 0.06 0.04 0.05 - 0.01 0.35 0.05 0.05 0.03 0.04 - 0.01 0.30 0.04 0.25 0.19 0.19 - 0.05 0.33 0.09 0.50 0.44 0.44 - 0.04 0.51 0.20 0.39 0.35 0.35 - 0.03 0.41 0.14 0.38 0.35 0.35 - 0.03 0.57 0.22 0.48 0.00 0.46 - 0.02 0.70 0.26 0.50 0.44 0.49 + 0.06 0.50 0.16 0.39 0.36 0.39 + 0.04 0.49 0.12 25.99 23.48 23.73 - 1.47 26.07 17.27 32.78 29.78 30.18 - 1.61 33.50 22.30 0.34 0.34 0.34 unch 0.00 0.66 0.28 0.43 0.00 0.39 - 0.04 0.82 0.35 0.10 0.08 0.08 unch 0.00 0.15 0.06 0.07 0.06 0.07 - 0.00 0.12 0.05 1.07 0.76 0.76 - 0.24 1.23 0.32 1.27 0.96 0.97 - 0.29 1.54 0.40 0.48 0.42 0.43 - 0.06 1.08 0.42 0.10 0.00 0.08 - 0.01 0.15 0.06 0.06 0.06 0.06 unch 0.00 0.12 0.04 0.09 0.00 0.09 - 0.02 0.17 0.09 0.08 0.08 0.08 unch 0.00 0.53 0.07 0.38 0.34 0.35 + 0.01 0.85 0.33 0.07 0.05 0.05 - 0.01 0.25 0.05 0.09 0.00 0.07 - 0.01 0.26 0.07 0.32 0.00 0.29 + 0.01 0.40 0.07 0.32 0.25 0.25 - 0.05 0.35 0.10 0.25 0.18 0.18 - 0.06 0.25 0.07 0.00 0.00 0.20 unch 0.00 0.20 0.20 1.32 1.08 1.11 - 0.10 2.08 0.92 1.04 0.86 0.87 - 0.10 1.68 0.74 0.00 0.00 0.20 unch 0.00 0.37 0.20 0.31 0.27 0.28 - 0.02 0.44 0.14 0.24 0.00 0.21 - 0.01 0.35 0.11 0.12 0.10 0.10 + 0.01 0.35 0.08 0.48 0.39 0.43 - 0.05 0.73 0.11 0.38 0.32 0.34 - 0.04 0.58 0.09 0.09 0.00 0.08 + 0.01 0.11 0.05 0.85 0.76 0.80 - 0.04 0.95 0.39 0.68 0.60 0.60 - 0.07 0.80 0.32 0.16 0.14 0.16 + 0.01 0.37 0.10 0.19 0.18 0.18 - 0.01 0.46 0.18 0.83 0.75 0.77 - 0.02 1.36 0.71 1.02 0.96 0.96 - 0.04 1.64 0.90 0.50 0.47 0.47 - 0.04 0.67 0.31 0.42 0.37 0.38 - 0.02 0.50 0.25 0.17 0.14 0.14 - 0.01 0.37 0.07 0.20 0.18 0.18 - 0.02 0.25 0.14 0.50 0.00 0.50 unch 0.00 0.79 0.41 0.68 0.00 0.64 - 0.02 0.97 0.52 0.05 0.00 0.05 unch 0.00 0.09 0.05 0.20 0.16 0.17 - 0.02 0.24 0.11 0.09 0.08 0.08 - 0.01 0.16 0.04

Exc Volume

Week High

Low

Bitterroot Res V 358 Black Hills* N 1155 Black Iron* O 140 Black Iron T 3776 Black Mammoth* O 77 Black Mammoth V 80 Black Mountain V 38 Black Mountain* O 59 Black Tusk Res C 3756 Black Tusk Res* O 1770 Blackrock Silv V 1702 Blackrock Silv* O 1686 Blackwolf Cop V 67 Blackwolf Cop* O 27 Blind Creek V 294 Blue Lagoon* O 1848 Blue Lagoon C 1349 Blue Moon V 119 Blue Moon* O 281 Blue River Res V 5 Blue Sky Uran* O 1286 Blue Sky Uran V 1886 Blue Star Gold V 616 Blue Thunder V 238 BlueBird Batt* O 8 BlueBird Batt V 343 Bluejay Mining* O 1461 Bluestone Res V 270 Bluestone Res* O 24 BMEX Gold V 501 Bold Ventures V 573 Bolt Metals* O 34 Bolt Metals C 45 Bonanza Gold* O 6893 Bond Resources C 1621 BonTerra Res V 269 Boreal Metals V 207 Boreal Metals* O 51 Borneo Res Inv* O 19939 Boundary Gold* O 15 Boundary Gold V 17 Brascan Gold C 1176 Bravada Gold V 248 Bravada Gold* O 538 Braveheart Res V 1066 Braveheart Res* O 823 Bravo Multinat* O 0 Brazil Min* O 23242 Brigadier Gold* O 42 Brigadier Gold V 554 BrightRock* O 1262 Brixton Metals* O 779 Brixton Metals V 787 Brookmount Exp* O 118 Brunswick Expl V 953 Bryn Res* O 664 BTU Metals* O 18 BTU Metals V 116 Buenaventura* N 8365 Buffalo Coal V 106 Buffalo Coal * O 2 Bullet Explor V 48 Bullion Gold* O 5 Bunker Hill C 307 Burrell Res C 31 BWR Explor V 293

0.11 80.95 0.11 0.14 0.17 0.21 0.39 0.31 0.03 0.03 1.22 1.00 0.59 0.46 0.08 0.56 0.68 0.03 0.03 0.02 0.25 0.30 0.65 0.04 0.05 0.06 0.11 2.14 1.68 0.13 0.15 0.12 0.16 0.00 0.04 1.21 0.09 0.08 0.00 0.02 0.03 0.18 0.05 0.04 0.12 0.09 0.00 0.01 0.03 0.04 0.14 0.14 0.18 0.10 0.23 0.03 0.07 0.09 11.29 0.03 0.01 0.07 0.07 0.30 0.21 0.06

0.10 77.93 0.08 0.10 0.14 0.17 0.00 0.29 0.03 0.02 1.10 0.87 0.53 0.42 0.06 0.47 0.60 0.00 0.02 0.00 0.17 0.19 0.48 0.00 0.05 0.00 0.09 1.90 0.00 0.00 0.12 0.12 0.11 0.00 0.03 1.15 0.08 0.06 0.00 0.02 0.00 0.13 0.00 0.03 0.10 0.08 0.00 0.01 0.02 0.03 0.10 0.12 0.15 0.06 0.18 0.02 0.07 0.08 9.59 0.00 0.01 0.00 0.01 0.29 0.20 0.00

C2C Gold* C3 Metals Cabral Gold* Cabral Gold Cadence Min* Caledonia Mng* Calibre Mng Calibre Mng* Califfi Cap Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Camino Min Camino Min* Camrova Res* Camrova Res Canada Carbon* Canada Carbon Canada Nickel Canada Nickel* Canada One Canada Rare Canada Rare* Canada Silver Canada Silver* Canadian Metal* Canadian Metal Canadian Prem Canadian Silv Canagold Res Canagold Res* CanAlaska Uran CanAlaska Uran* Canamera Energ Canasil Res Candelaria Mg* Candelaria Mg Candente Coppr Candente Gold* Candente Gold CANEX Metals * CANEX Metals CaNickel Mng CaNickel Mng* Canoe Mng Vent Canstar Res* Canstar Res Canterra Min* Canterra Min Cantex Mn Dev* Cantex Mn Dev Canuc Res* Canuc Res Capella Min Capella Min* Capitan Mining Capitan Mining* Capstone Mng Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Casa Minerals * Cascada Silver Cascadero Copp Cassiar Gold Cassius Vents CAT Strategic CAT Strategic* CAVU Mining* CAVU Mining Cdn Goldcamps Cdn Manganese Cdn Palladium* Cdn Palladium Centamin Centerra Gold Central Afric Central Asia* Central Iron Centurion Mnls Century Cobalt* Century Global* Century Global Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande* Cerro Grande Cerro Mng* Ceylon Graph* Ceylon Graph

0.20 0.11 0.36 0.43 0.21 18.23 1.65 1.31 0.18 2.38 2.96 31.77 39.89 0.08 0.06 0.01 0.00 0.06 0.07 2.70 2.14 0.00 0.07 0.06 0.28 0.22 0.12 0.13 0.46 0.05 0.40 0.32 0.66 0.55 0.00 0.11 0.12 0.14 0.20 0.07 0.10 0.20 0.17 0.17 0.13 0.10 0.20 0.24 0.21 0.25 0.30 0.39 0.08 0.11 0.09 0.08 0.65 0.53 7.32 0.06 0.03 0.03 0.03 0.12 0.13 0.15 0.16 0.13 0.06 0.02 1.37 0.00 0.04 0.03 0.55 0.68 0.42 0.35 0.08 0.09 1.63 13.29 0.09 3.65 0.06 0.00 0.06 0.24 0.28 1.96 0.18 0.26 0.00 0.01 0.22 0.16 0.21

Last

12-month Change

High Low

0.10 79.03 + 0.08 0.11 0.17 + 0.21 + 0.38 + 0.31 + 0.03 unch 0.02 + 1.19 unch 0.94 0.55 0.45 0.08 + 0.48 0.61 0.03 unch 0.02 0.02 unch 0.19 0.25 0.53 0.03 unch 0.05 unch 0.06 0.10 1.90 1.51 0.10 0.12 0.12 + 0.12 0.00 unch 0.03 1.18 + 0.08 0.06 0.00 0.02 + 0.03 0.13 0.05 unch 0.04 + 0.10 unch 0.08 0.05 unch 0.01 unch 0.03 unch 0.03 unch 0.13 + 0.12 0.16 0.10 0.19 0.03 + 0.07 + 0.08 unch 9.63 0.03 unch 0.01 0.06 unch 0.07 unch 0.29 0.21 + 0.04 -

0.02 0.19 0.06 0.38 80.95 61.95 0.03 0.62 0.08 0.03 0.76 0.10 0.02 0.18 0.06 0.07 0.22 0.08 0.01 0.60 0.28 0.01 0.51 0.20 0.00 0.05 0.02 0.00 0.04 0.01 0.00 1.30 0.69 0.00 1.08 0.55 0.03 1.51 0.50 0.03 1.75 0.00 0.01 0.13 0.05 0.03 0.61 0.26 0.04 0.74 0.33 0.00 0.09 0.03 0.00 0.08 0.02 0.00 0.03 0.01 0.05 0.29 0.12 0.06 0.37 0.16 0.01 0.90 0.31 0.00 0.07 0.03 0.00 0.14 0.03 0.01 0.17 0.05 0.00 0.24 0.08 0.19 2.30 1.28 0.15 1.79 1.01 0.04 0.27 0.08 0.01 0.17 0.07 0.01 0.36 0.08 0.03 0.44 0.10 0.00 0.04 0.00 0.01 0.13 0.03 0.03 1.54 0.94 0.01 0.33 0.08 0.01 0.23 0.06 0.00 0.02 0.00 0.00 0.07 0.02 0.01 0.08 0.03 0.05 0.69 0.13 0.00 0.12 0.04 0.00 0.10 0.03 0.00 0.14 0.07 0.00 0.12 0.05 0.00 0.24 0.02 0.00 0.02 0.00 0.00 0.15 0.01 0.00 0.17 0.03 0.02 0.14 0.02 0.02 0.20 0.10 0.02 0.24 0.13 0.00 0.92 0.06 0.01 0.29 0.11 0.00 0.06 0.01 0.00 0.19 0.05 0.00 0.17 0.07 1.32 12.44 6.11 0.00 0.06 0.01 0.02 0.04 0.01 0.00 0.16 0.06 0.00 0.20 0.00 0.01 0.42 0.17 0.01 0.53 0.20 0.01 0.08 0.03

0.17 0.11 unch 0.33 + 0.42 + 0.21 unch 15.44 1.42 1.13 0.18 + 2.26 2.83 27.74 35.29 0.08 unch 0.06 + 0.01 unch 0.07 unch 0.05 0.06 2.39 1.82 0.12 unch 0.06 0.04 0.22 0.17 0.12 + 0.10 0.40 0.04 0.40 + 0.31 + 0.50 0.38 0.40 unch 0.10 0.12 unch 0.14 unch 0.19 0.07 unch 0.10 + 0.12 0.15 0.11 0.12 0.10 unch 0.18 0.23 0.20 + 0.25 + 0.30 0.35 0.08 0.11 unch 0.08 0.08 unch 0.51 0.41 5.88 0.06 unch 0.03 unch 0.02 0.03 unch 0.12 + 0.11 0.14 0.15 unch 0.13 0.05 0.02 unch 1.11 0.08 unch 0.03 unch 0.02 0.52 + 0.67 + 0.40 0.32 0.06 0.08 1.49 12.09 0.08 unch 3.65 unch 0.05 0.07 unch 0.05 0.23 unch 0.27 + 1.82 + 0.18 + 0.26 + 0.00 unch 0.01 unch 0.22 0.15 0.19 -

0.03 0.48 0.11 0.00 0.25 0.08 0.00 0.63 0.26 0.01 0.66 0.34 0.00 0.47 0.11 2.49 18.23 10.51 0.20 2.36 1.11 0.15 2.02 0.79 0.03 0.19 0.11 0.09 3.90 1.75 0.19 4.80 2.19 3.66 32.49 15.34 4.34 41.05 19.68 0.00 0.23 0.07 0.00 0.21 0.06 0.00 0.12 0.00 0.00 0.07 0.07 0.01 0.18 0.00 0.01 0.20 0.06 0.21 4.20 2.18 0.21 3.50 1.72 0.00 0.12 0.05 0.01 0.10 0.05 0.01 0.08 0.04 0.06 0.47 0.16 0.05 0.39 0.11 0.04 0.30 0.00 0.01 0.39 0.10 0.08 0.63 0.21 0.01 0.11 0.04 0.05 0.70 0.34 0.03 0.55 0.28 0.16 0.84 0.39 0.14 0.67 0.30 0.00 0.50 0.32 0.01 0.18 0.09 0.00 0.51 0.12 0.00 0.66 0.14 0.01 0.26 0.11 0.00 0.12 0.04 0.01 0.20 0.05 0.01 0.20 0.07 0.01 0.18 0.09 0.05 0.26 0.11 0.01 0.21 0.09 0.00 0.20 0.08 0.01 0.51 0.16 0.01 0.61 0.21 0.01 0.37 0.16 0.03 0.44 0.21 0.01 0.76 0.20 0.03 0.92 0.24 0.01 0.22 0.08 0.00 0.28 0.10 0.01 0.12 0.08 0.00 0.10 0.01 0.13 0.74 0.18 0.11 0.65 0.13 1.02 7.79 4.33 0.00 0.08 0.04 0.00 0.06 0.03 0.01 0.18 0.02 0.00 0.03 0.02 0.01 0.15 0.07 0.01 0.27 0.01 0.01 0.32 0.13 0.00 0.35 0.11 0.01 0.27 0.10 0.01 0.13 0.03 0.00 0.04 0.02 0.10 1.48 0.35 0.00 0.17 0.08 0.00 0.07 0.03 0.01 0.06 0.00 0.03 1.18 0.17 0.07 0.70 0.38 0.05 2.80 0.38 0.01 0.50 0.10 0.01 0.15 0.04 0.02 0.19 0.05 0.12 2.10 1.38 1.05 13.52 8.21 0.00 0.28 0.07 0.00 3.65 3.05 0.02 0.08 0.04 0.00 0.07 0.07 0.01 0.07 0.01 0.00 0.34 0.16 0.01 0.42 0.14 0.07 1.96 1.23 0.02 0.34 0.16 0.02 0.43 0.21 0.00 0.03 0.00 0.00 0.03 0.01 0.00 0.29 0.22 0.01 0.22 0.09 0.01 0.27 0.12

C O 87 V 1694 O 398 V 505 O 5 X 251 T 5706 O 1037 V 5 O 26 V 18 N 39514 T 8875 V 1352 O 1 O 3 V 0 O 214 V 744 V 1709 O 419 V 0 V 598 O 314 V 2028 O 895 O 10 C 26 V 172 V 172 T 501 O 258 V 1547 O 1074 C 0 V 310 O 1 V 1 T 613 O 100 V 775 O 24 V 545 V 72 O 8 V 97 O 117 V 364 O 261 V 238 O 60 V 160 O 10 V 246 V 343 O 5 V 420 O 313 T 9923 V 15 V 1 O 17 C 528 C 117 O 399 V 553 V 217 O 38 C 1429 V 84 V 531 V 0 C 741 O 161 O 68 C 186 C 12 1854 O 913 C 542 T 378 T 1637 V 321 O 40 V 116 V 0 O 270 O 63 T 10 V 893 O 147 C 155 O 1 C 20 O 15 O 90 V 280

0.17 0.10 0.31 0.39 0.21 15.20 1.41 1.11 0.00 2.24 2.83 27.19 34.61 0.07 0.06 0.00 0.00 0.04 0.00 2.30 1.81 0.00 0.00 0.04 0.20 0.16 0.12 0.00 0.00 0.00 0.34 0.28 0.48 0.38 0.00 0.00 0.12 0.00 0.18 0.07 0.00 0.12 0.14 0.00 0.12 0.00 0.18 0.23 0.00 0.23 0.30 0.35 0.08 0.00 0.08 0.08 0.50 0.40 5.84 0.00 0.00 0.02 0.02 0.11 0.11 0.14 0.14 0.12 0.04 0.00 1.10 0.00 0.03 0.02 0.44 0.60 0.00 0.29 0.06 0.07 1.47 12.04 0.08 3.65 0.00 0.00 0.04 0.21 0.00 1.70 0.16 0.23 0.00 0.00 0.22 0.14 0.19

(100s) Stock

Exc Volume

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

357 405 3 88 377 167 2654 870 11 91 158 48642 146 12 1845 47 329 9 1140 38 117 65 528 23 0 114962 0 56 0 524 1165 10 968 705 35 61 25570 76 256 20 10 718 777 0 105 200 316 117 12 392 2096 3 0 20 34 377 37 130 423 611 713 200 12437 3415 399 201 60 579 288 489 72 696 1814 7914 651 1491 1704 3 13 570 49 17 2490 5658 112 15 157 25 96 127 677 15 2317 312 204 1152 1661 68 0 35 1795 1720

Week High

Low

Last

12-month Change

High Low

0.17 0.17 - 0.02 0.49 0.18 0.19 0.15 0.13 0.14 - 0.02 0.40 0.14 5.45 5.15 5.15 - 0.25 7.69 4.16 0.15 0.15 0.15 unch 0.00 0.15 0.05 0.22 0.18 0.22 + 0.05 0.23 0.08 5.82 5.18 5.28 - 0.47 6.02 2.94 7.39 6.50 6.58 - 0.66 7.59 3.71 0.46 0.30 0.33 + 0.01 0.46 0.09 0.26 0.21 0.26 + 0.05 0.26 0.08 2.66 2.21 2.24 - 0.34 4.00 1.98 3.36 2.75 2.82 - 0.42 4.79 2.54 174.54 160.86 160.95 - 10.64 174.76 92.86 0.23 0.00 0.18 - 0.01 0.46 0.15 0.14 0.14 0.14 unch 0.00 0.36 0.12 0.21 0.18 0.18 - 0.02 0.30 0.12 0.16 0.13 0.14 - 0.01 0.23 0.09 5.45 4.68 4.95 - 0.38 5.45 3.02 0.33 0.00 0.30 - 0.04 0.45 0.16 3.18 3.22 - 0.17 15.39 2.33 3.45 0.15 0.00 0.13 - 0.01 1.25 0.11 1.46 0.16 0.17 0.17 - 0.02 0.19 0.24 0.19 0.19 - 0.01 0.66 0.10 0.29 0.25 0.25 - 0.04 0.39 0.17 0.22 0.04 0.22 + 0.07 0.39 0.00 0.17 0.08 0.00 0.00 0.09 unch 0.00 32.72 28.48 28.95 - 1.89 34.04 15.81 0.00 0.00 0.10 unch 0.00 0.23 0.09 0.18 0.16 0.18 + 0.00 0.28 0.13 0.00 0.00 0.10 unch 0.00 0.10 0.05 0.17 0.18 - 0.02 0.21 0.03 0.21 0.25 0.22 0.22 - 0.01 0.25 0.08 0.10 0.00 0.10 - 0.01 0.12 0.05 0.24 0.16 0.16 - 0.03 0.42 0.17 0.17 0.09 0.11 0.12 - 0.02 0.13 0.03 0.02 0.02 + 0.01 0.09 0.02 0.11 0.03 0.03 0.00 0.03 unch 0.00 5.40 4.34 4.39 - 0.88 11.14 4.12 0.07 0.06 0.06 - 0.00 0.16 0.01 0.17 0.07 0.09 0.00 0.09 unch 0.00 2.97 2.87 2.87 - 0.10 3.50 1.89 0.63 0.60 0.60 unch 0.00 0.75 0.08 0.84 0.75 0.79 + 0.02 0.97 0.10 1.96 1.56 1.75 - 0.13 3.73 0.50 0.00 0.00 2.98 unch 0.00 4.00 2.85 0.11 0.11 - 0.02 0.21 0.08 0.11 0.14 0.12 0.13 - 0.03 0.25 0.11 0.29 0.26 0.27 - 0.01 0.34 0.19 0.23 0.21 0.21 - 0.01 0.26 0.15 0.12 0.12 0.12 unch 0.00 0.19 0.11 0.17 0.14 0.14 - 0.02 0.25 0.11 1.51 1.28 1.31 - 0.20 4.77 1.24 0.11 0.08 0.09 0.00 0.09 unch 0.00 0.00 0.00 0.07 unch 0.00 0.09 0.03 0.47 0.47 0.47 unch 0.00 0.79 0.35 0.59 0.00 0.56 - 0.03 1.08 0.48 0.11 0.14 + 0.03 0.25 0.11 0.14 0.12 0.09 0.11 + 0.02 0.20 0.01 0.04 0.04 0.04 - 0.01 0.16 0.04 0.06 0.00 0.05 unch 0.00 0.20 0.05 1.83 1.94 - 0.05 2.67 1.26 2.09 2.31 2.53 + 0.01 3.29 1.55 2.62 0.15 0.00 0.14 + 0.01 0.24 0.08 23.33 20.93 21.02 - 1.40 23.33 10.41 50.39 40.81 41.55 - 7.23 50.39 8.66 0.30 0.26 0.26 - 0.03 0.60 0.17 0.38 0.33 0.34 - 0.02 0.77 0.22 0.04 0.03 0.03 - 0.00 0.10 0.03 0.11 0.04 0.05 0.00 0.05 unch 0.00 1.70 0.68 1.11 1.12 - 0.19 1.35 1.34 0.60 1.08 0.90 0.90 - 0.15 0.24 0.20 0.21 - 0.01 0.53 0.15 0.30 0.25 0.26 - 0.02 0.66 0.20 0.15 0.10 0.10 unch 0.00 0.21 0.04 3.89 3.25 3.27 - 0.23 5.07 2.70 3.10 2.55 2.58 - 0.21 4.20 2.07 0.04 0.03 0.04 - 0.00 0.20 0.03 0.99 0.74 0.92 + 0.12 0.99 0.35 0.52 0.00 0.51 + 0.04 1.20 0.45 0.41 0.36 0.40 + 0.02 0.97 0.01 0.86 0.76 0.77 - 0.01 0.88 0.07 5.04 4.30 4.30 - 0.70 5.28 3.46 4.05 3.54 3.54 - 0.51 4.10 0.65 0.70 0.58 0.61 - 0.03 0.87 0.27 1.10 0.33 0.86 0.74 0.77 - 0.03 0.08 0.08 0.08 unch 0.00 0.18 0.08 0.75 0.00 0.45 - 0.19 0.68 0.15 0.08 0.08 0.08 unch 0.00 0.29 0.06 0.07 0.06 0.06 - 0.01 0.25 0.04 0.21 0.18 0.20 unch 0.00 0.73 0.18 1.21 1.21 - 0.12 1.65 0.87 1.37 1.53 1.60 - 0.07 1.98 1.13 1.71 0.20 0.08 0.09 - 0.05 0.31 0.02 0.12 0.09 0.09 - 0.02 0.22 0.10 0.07 0.00 0.06 - 0.01 0.33 0.06 0.06 0.05 0.05 - 0.01 0.29 0.04 0.24 0.18 0.19 - 0.04 0.27 0.06 0.29 0.24 0.24 - 0.05 0.34 0.08 0.06 0.00 0.06 + 0.01 0.15 0.03 0.00 0.00 0.08 unch 0.00 0.10 0.07 0.38 0.00 0.35 - 0.02 0.99 0.33 2.13 0.68 1.70 1.30 1.36 - 0.30 2.14 1.66 1.75 - 0.35 2.61 0.83

D-F 175 Dajin Lithium* O 42 V Dajin Res 304 Damara Gold* O 1175 Damara Gold V 260 O Danakali* V 9073 Decade Res 346 O Decade Res* 450 Deep-South Res* O Deep-South Res V 1295 551 DeepRock Min C 460 Defense Metals* O 1691 Defense Metals V Defiance Silvr V 1265 1719 Defiance Silvr* O 51 V Delrand Res 266 Denarius Metal V Denison Mines T 18963 Denison Mines* X 61070 18 O Desert Gold* 301 V Desert Gold 269 Desert Mtn Egy V 63 Diamante Min* O 278 Diamcor Mng V 456 Diamcor Mng* O 0 Diamond Fields V 124 V Dios Expl 92 Discovery Harb* O 203 Discovery Harb V Discovery Silv V 3057 Discovery Silv* O 1021 159 Discovery-Corp V 0 O District Cop* 87 V District Cop 231 District Metal* O 286 District Metal V 1 District Mines V 26 V Dixie Gold 19 DLP Resouces V 23 DLP Resouces* O 419 Dolly Vard Sil V 726 Dolly Vard Sil* O 104 V Dore Copper 153 Doubleview Gld V 149 Doubleview Gld* O 906 N DRDGOLD* Dundee Prec Mt T 1395 635 Durango Res* O 737 V Durango Res 11 DV Resources V 133 Dynacor Gld Mn T 44 Dynacor Gld Mn* O 10 DynaResource* O 10 Dynasty Gold V 0 Dynasty Gold* O 722 V E2Gold Inc 317 O E2Gold Inc* 265 O E3 Metals* 702 V E3 Metals 348 E79 Resources C 103 E79 Resources* O 22 Eagle Graphite V

0.90 1.00 0.05 0.07 0.24 0.05 0.04 0.07 0.08 0.05 0.27 0.33 0.71 0.56 0.03 0.47 2.22 1.76 0.09 0.11 4.03 0.03 0.27 0.22 0.00 0.07 0.04 0.03 1.96 1.55 0.10 0.00 0.31 0.25 0.24 0.11 0.19 0.22 0.00 0.85 0.67 0.85 0.32 0.25 10.02 8.10 0.07 0.09 0.08 3.45 2.71 2.00 0.18 0.16 0.08 0.06 2.22 2.81 0.68 0.54 0.20

0.66 0.86 0.05 0.06 0.21 0.04 0.03 0.05 0.00 0.05 0.22 0.28 0.51 0.40 0.00 0.42 1.76 1.37 0.00 0.00 3.55 0.00 0.24 0.19 0.00 0.00 0.02 0.00 1.67 1.32 0.00 0.00 0.00 0.16 0.22 0.00 0.00 0.00 0.00 0.73 0.57 0.76 0.28 0.00 8.47 7.43 0.06 0.08 0.00 3.24 2.57 1.47 0.00 0.16 0.07 0.05 1.87 2.34 0.50 0.40 0.00

0.70 0.86 0.05 + 0.06 0.21 0.05 + 0.03 + 0.06 + 0.07 unch 0.05 unch 0.22 0.28 unch 0.51 0.41 0.03 0.43 1.80 1.43 0.09 unch 0.11 + 3.72 0.03 0.25 0.21 0.19 unch 0.07 + 0.02 unch 0.03 unch 1.70 1.33 0.08 0.25 unch 0.30 0.17 0.22 + 0.11 0.19 unch 0.21 0.16 unch 0.73 0.58 0.79 + 0.29 0.23 8.58 7.45 0.06 0.08 0.08 3.32 + 2.57 1.75 0.18 unch 0.16 unch 0.07 + 0.06 1.91 2.47 0.56 + 0.45 + 0.18 +

0.09 0.13 0.00 0.01 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.16 0.13 0.01 0.04 0.41 0.31 0.00 0.01 0.22 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.18 0.16 0.02 0.00 0.02 0.00 0.01 0.01 0.00 0.04 0.00 0.05 0.05 0.04 0.02 0.01 1.17 0.52 0.01 0.01 0.01 0.06 0.02 0.25 0.00 0.00 0.01 0.00 0.19 0.19 0.07 0.07 0.01

2.45 1.31 0.10 0.13 0.43 0.06 0.05 0.23 0.28 0.11 0.41 0.50 1.07 0.91 0.10 0.73 2.64 2.14 0.17 0.20 4.95 0.06 0.52 0.43 0.40 0.13 0.10 0.11 2.70 2.23 0.12 0.34 0.45 0.55 0.59 0.40 0.35 0.34 0.27 0.88 0.70 1.28 1.18 1.22 13.18 9.72 0.08 0.09 0.16 3.50 2.80 2.45 0.27 0.20 0.30 0.24 2.82 3.49 1.65 1.34 0.22

0.00 0.50 0.00 0.05 0.21 0.04 0.01 0.03 0.04 0.03 0.16 0.21 0.37 0.28 0.02 0.38 1.17 0.92 0.08 0.10 1.65 0.03 0.10 0.08 0.16 0.05 0.02 0.03 1.19 0.90 0.07 0.09 0.11 0.14 0.19 0.11 0.17 0.17 0.14 0.42 0.33 0.61 0.20 0.06 7.51 6.99 0.03 0.04 0.07 2.35 1.85 0.60 0.14 0.11 0.06 0.05 1.24 1.53 0.24 0.21 0.10

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

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

4 3507 0 74 142 119 9 20 37 93 919 3 250 1182 27 54 481 92 8157 1367 760 544 785 887 546 312 36 2 1894 427 10 224 16 14 110 967 200 251 872 1491 2938 2837 19916 3197 22 129 265 177 4160 22908 50 50 43 5 164 278 9358 3215 763 949 612 69 36 383 1828 384 30 174 174 423 409 146 25 60 349 48 59 119 11 202 384 4 14 7 2 22 971 254 635 622 229 371 171 856 5 43 799 537 116 0 52 479 29 243 588 633 201 224 1158 675 300 3 1773 183 233 290 489 1 42 313 410 258 335 0 35045 4161 2871 2772 1725 12966 1238 1519 3046 918 2425 12623 270 151 89 210 1 825 4673 545 212 874 309 2529 1067 105 28 4462 28776 144 74 789 1016 229 2686 2457 350 1 28 1738 1356 2851 1608 4705 11 816 378 97604

THE NORTHERN MINER / MAY 2—15, 2022

Week High

0.16 0.19 0.00 0.24 0.34 0.26 0.08 0.07 0.14 0.09 0.07 0.20 0.13 0.15 0.12 0.03 0.06 0.04 12.49 15.73 0.47 0.92 0.34 0.42 4.91 3.91 0.81 0.65 2.52 1.99 0.16 0.19 0.66 0.56 1.00 0.71 0.20 2.94 2.34 0.08 1.93 34.46 5.78 7.27 0.31 0.39 0.30 0.24 13.59 10.80 0.04 0.03 0.24 0.19 0.92 1.16 9.07 11.46 0.13 0.17 0.47 0.37 0.04 0.06 21.08 16.72 0.08 0.10 0.10 2.15 2.65 0.05 0.04 0.15 0.75 0.14 0.16 0.40 0.32 0.17 0.21 0.07 0.06 0.07 0.05 0.04 0.12 0.10 0.06 0.49 1.18 0.93 0.27 0.34 0.08 0.12 0.36 0.09 0.08 0.00 0.05 0.32 0.25 0.10 0.09 0.16 0.17 0.25 0.21 0.27 0.07 0.11 24.81 19.61 0.12 0.17 0.21 0.15 0.69 0.86 6.61 0.23 0.19 0.00 14.59 18.41 0.24 0.30 0.65 43.28 0.24 0.19 0.17 0.14 0.90 1.08 0.06 0.05 0.09 0.11 0.00 0.07 0.09 0.08 2.12 2.68 0.24 0.28 0.88 0.14 16.48 5.76 4.56 0.78 0.62 0.12 0.14 0.14 0.20 0.23 0.65 0.45 0.72 0.82 0.80 168.59 212.57 0.04 0.25 0.48 0.46 51.34

Low

Last

12-month Change

0.00 0.16 + 0.17 0.17 0.00 0.45 unch 0.00 0.24 0.29 0.30 unch 0.23 0.26 + 0.00 0.08 + 0.06 0.06 0.11 0.12 + 0.08 0.09 + 0.06 0.07 0.00 0.20 + 0.10 0.10 0.14 0.14 unch 0.12 0.12 unch 0.00 0.03 + 0.05 0.05 0.04 0.04 11.06 11.17 14.07 14.20 0.43 0.45 0.75 0.82 0.29 0.29 0.36 0.36 4.33 4.37 3.40 3.45 0.00 0.79 + 0.00 0.65 + 2.19 2.32 1.75 1.82 0.13 0.15 0.18 0.18 unch 0.00 0.64 + 0.51 0.51 0.00 0.52 + 0.52 0.67 + 0.11 0.11 2.68 2.72 2.11 2.17 0.07 0.07 1.58 1.61 32.45 33.21 4.42 4.44 5.63 5.64 0.28 0.28 0.00 0.39 0.28 0.28 0.22 0.22 10.23 10.40 8.04 8.19 0.00 0.04 unch 0.03 0.03 unch 0.00 0.24 + 0.19 0.19 + 0.81 0.83 1.03 1.04 7.62 7.68 9.69 9.74 0.10 0.10 0.13 0.13 0.43 0.44 0.35 0.35 0.04 0.04 0.05 0.05 18.44 18.47 14.49 14.56 0.00 0.08 0.10 0.10 0.10 0.10 1.73 1.80 2.21 2.27 0.00 0.04 0.04 0.04 unch 0.14 0.15 unch 0.55 0.55 0.14 0.14 unch 0.00 0.16 0.00 0.38 0.00 0.30 0.14 0.15 0.18 0.19 0.00 0.07 unch 0.06 0.06 0.00 0.07 unch 0.00 0.05 + 0.04 0.04 + 0.11 0.11 0.08 0.09 0.04 0.05 0.46 0.48 0.98 1.00 0.77 0.77 0.24 0.24 0.30 0.30 0.08 0.08 unch 0.00 0.10 0.22 0.27 + 0.08 0.09 0.06 0.07 0.00 0.16 unch 0.04 0.05 + 0.30 0.31 0.24 0.24 0.00 0.09 0.07 0.08 0.13 0.14 unch 0.15 0.15 0.00 0.24 + 0.16 0.20 0.20 0.25 0.07 0.07 unch 0.00 0.11 unch 21.32 22.26 16.74 17.45 0.10 0.12 + 0.13 0.13 0.18 0.18 0.00 0.15 + 0.61 0.62 0.77 0.77 5.55 5.66 0.20 0.22 0.15 0.16 0.00 0.09 unch 11.60 11.70 14.76 14.86 0.21 0.21 0.27 0.27 0.46 0.49 35.70 35.75 0.16 0.23 + 0.12 0.17 + 0.13 0.14 0.10 0.11 0.72 0.75 0.91 0.97 0.00 0.06 unch 0.04 0.05 + 0.09 0.09 0.10 0.10 0.00 0.04 unch 0.05 0.06 0.07 0.08 0.00 0.08 unch 1.83 1.84 2.32 2.34 0.19 0.20 0.24 0.26 0.70 0.73 0.00 0.14 + 15.01 15.01 4.78 4.80 3.76 3.79 0.66 0.66 0.51 0.51 0.10 0.10 0.13 0.13 0.00 0.13 0.15 0.16 0.20 0.20 0.57 0.60 0.00 0.45 unch 0.00 0.72 + 0.61 0.65 + 0.59 0.61 158.27 158.54 201.36 201.80 0.02 0.02 0.00 0.25 unch 0.45 0.45 0.42 0.44 + 41.13 41.91 -

0.03 0.01 0.00 0.02 0.00 0.02 0.01 0.00 0.01 0.01 0.01 0.02 0.01 0.00 0.00 0.01 0.01 0.00 1.03 1.18 0.01 0.11 0.02 0.03 0.43 0.31 0.02 0.04 0.11 0.10 0.01 0.00 0.02 0.01 0.11 0.12 0.03 0.14 0.09 0.01 0.25 0.80 1.13 1.41 0.03 0.01 0.01 0.01 3.13 2.51 0.00 0.00 0.03 0.02 0.07 0.09 1.22 1.48 0.01 0.01 0.02 0.01 0.00 0.01 1.78 1.45 0.00 0.01 0.01 0.30 0.33 0.01 0.00 0.00 0.09 0.00 0.01 0.01 0.01 0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.12 0.14 0.04 0.04 0.00 0.02 0.05 0.01 0.01 0.00 0.01 0.02 0.01 0.01 0.00 0.00 0.00 0.05 0.02 0.02 0.00 0.00 0.33 0.57 0.01 0.01 0.01 0.04 0.06 0.07 0.50 0.02 0.02 0.00 2.54 3.08 0.02 0.02 0.14 5.26 0.06 0.04 0.04 0.03 0.10 0.11 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.23 0.28 0.02 0.01 0.14 0.02 0.80 0.81 0.66 0.09 0.07 0.00 0.01 0.02 0.03 0.03 0.03 0.00 0.04 0.02 0.19 8.52 9.02 0.01 0.00 0.02 0.01 7.28

High Low

0.16 0.19 0.45 0.45 0.41 0.34 0.10 0.09 0.20 0.16 0.30 0.23 1.00 0.24 0.25 0.05 0.15 0.12 12.49 15.73 0.59 1.65 2.11 2.58 5.44 4.63 0.88 0.74 4.14 3.35 0.16 0.80 1.05 1.00 1.00 0.71 0.29 4.45 3.67 0.21 2.27 35.94 7.76 9.32 0.37 0.45 0.32 0.25 14.33 11.39 0.08 0.51 0.55 0.52 0.95 1.19 9.55 11.49 0.24 0.30 0.50 0.41 0.16 0.20 29.76 22.30 0.10 0.14 0.14 2.93 3.55 0.23 0.14 1.50 1.80 0.30 0.38 0.72 0.68 0.39 0.44 0.12 0.08 0.23 0.19 0.13 0.43 0.44 0.12 0.58 4.00 3.20 0.77 0.89 0.11 0.14 1.35 0.20 0.17 0.20 0.20 0.47 0.39 0.13 0.15 0.17 0.44 0.88 0.32 0.40 0.11 0.13 24.81 19.61 0.20 0.35 0.40 0.30 0.75 0.91 7.65 0.39 0.32 0.10 18.93 22.73 0.42 0.50 0.75 45.38 0.71 1.00 0.30 0.24 1.00 1.25 0.07 0.05 0.11 0.14 0.07 0.12 0.15 0.22 2.42 3.09 0.42 0.44 1.30 0.50 19.55 9.97 7.98 1.05 0.86 0.14 0.17 0.76 0.47 0.56 1.76 0.55 0.79 0.82 0.96 169.32 216.32 0.04 0.37 0.79 0.47 51.99

0.00 0.14 0.45 0.14 0.27 0.19 0.06 0.04 0.05 0.04 0.06 0.15 0.01 0.05 0.12 0.03 0.05 0.04 7.46 9.52 0.28 0.67 0.28 0.35 3.06 2.40 0.58 0.49 0.22 0.18 0.12 0.15 0.42 0.43 0.09 0.22 0.08 2.35 1.85 0.04 0.95 25.50 3.35 4.28 0.15 0.19 0.17 0.14 5.55 4.32 0.03 0.02 0.20 0.15 0.57 0.71 5.47 6.99 0.07 0.09 0.33 0.26 0.04 0.05 15.01 11.76 0.06 0.08 0.08 1.57 1.92 0.04 0.04 0.41 0.48 0.07 0.10 0.35 0.28 0.14 0.18 0.05 0.04 0.06 0.04 0.03 0.11 0.02 0.04 0.33 0.76 0.61 0.24 0.31 0.07 0.08 0.16 0.07 0.05 0.10 0.00 0.22 0.11 0.06 0.04 0.09 0.13 0.15 0.14 0.15 0.07 0.05 3.07 2.45 0.06 0.12 0.16 0.11 0.39 0.50 4.59 0.14 0.12 0.09 9.29 11.87 0.20 0.26 0.05 20.67 0.05 0.02 0.08 0.06 0.35 0.45 0.03 0.03 0.05 0.07 0.03 0.04 0.06 0.07 0.97 1.19 0.07 0.10 0.58 0.12 10.25 3.77 2.91 0.52 0.00 0.07 0.10 0.13 0.11 0.15 0.60 0.26 0.44 0.25 0.42 124.95 158.27 0.01 0.13 0.32 0.23 30.02

(100s) Stock

Exc Volume

Week

12-month

High

Low

Last

0.00 0.00 9.82 3.02 0.02 0.00 0.08 0.88 0.70 0.00 0.07

0.08 - 0.01 0.03 + 0.01 9.82 - 0.33 3.32 + 0.04 0.02 unch 0.00 0.12 + 0.01 0.08 - 0.01 0.88 - 0.02 0.70 - 0.04 0.05 - 0.01 0.07 - 0.01

Freeport Res Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold Full Metal Mnl Full Metal Mnl* Fury Gold Fury Gold* Fuse Cobalt* Fuse Cobalt

V V O V V V O T X O V

57 26 18 2266 806 141 150 298 1656 429 282

0.09 0.03 10.38 3.50 0.03 0.12 0.08 0.98 0.79 0.06 0.08

G2 Goldfields* G2 Goldfields Gabriel Res Gabriel Res* Galane Gold Galane Gold * Galantas Gold Galantas Gold* Galiano Gold Galiano Gold* Galleon Gold Galore Res Galway Gold Galway Mtls* Galway Mtls Gambier Gold Gambier Gold* Garibaldi Res * Garibaldi Res Gatling Explor Gatling Explor* Gatos Silver Gatos Silver* GCM Mining* GCM Mining General Gold Generation Min Generation Min* Generic Gold* Generic Gold Genesis Mtls* Genesis Mtls Gensource Pot Gentor Res Geomega Res Geomega Res* Getchell Gold Getchell Gold * Getty Copper GFG Resources GFG Resources* GFM Res GGL Res GGL Res* GGX Gold Giga Metals Giga Metals* Gitennes Expl Giyani Gold* Giyani Gold GK Resources Glacier Lake Gladiator Met Glen Eagle Res* Glen Eagle Res Glencore Plc * Glencore Plc* Global Atomic* Global Atomic Global Battery* Global Battery Global Energy* Global Energy Global Li-Ion Global Li-Ion* GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals GMV Minerals* GNCC Capital* Go Cobalt* Go Cobalt GobiMin GoGold Res Golcap Res Gold Basin Res* Gold Bull Res* Gold Bull Res Gold Fields* Gold Fields* Gold Finder Ex* Gold Finder Ex Gold Hunter Rs Gold Line Res Gold Lion Res* Gold Lion Res Gold Mountain* Gold Mountain Gold Port Gold Reserve* Gold Reserve Gold Resource* Gold Royalty* Gold State Res* Gold State Res Gold Std Vents Gold Std Vents* Gold’n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldcliff Res* Goldcliff Res Golden Arrow* Golden Arrow Golden Dawn Ml Golden Goliath Golden Goliath* Golden Harp* Golden Harp Golden Hope Golden Hope* Golden Indepen Golden Indepe* Golden Lake Golden Mnls Golden Mnls* Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Spike Golden Star* Golden Tag Golden Tag* Goldex Res* Goldex Res Goldflare Expl Goldgroup Mng* Goldgroup Mng GoldHaven Res* Goldhills Hldg Goldhills Hldg* GoldMining GoldON Res GoldON Res* Goldplay Min GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldshore Res* Goldshore Res Goldsource Min* Goldsource Min Goldstar Mnls Goldstar Mnls* Goliath Res* Goliath Res Gossan Res GoviEx Uranium* GoviEx Uranium Gowest Gold* Gowest Gold GPM Metals GR Silver*

O 108 V 389 V 268 O 23 V 1248 O 928 V 197 O 237 T 129 X 1802 V 173 V 150 V 0 O 199 V 476 V 467 O 81 O 80 V 230 V 242 O 5 T 270 N 3290 O 344 T 1111 C 6 T 2189 O 287 O 2 C 17 O 3 V 303 V 2416 V 0 V 327 O 28 C 181 O 256 V 969 V 221 O 161 V 0 V 95 O 15 V 13 V 294 O 375 V 306 O 14 V 1673 V 2 V 22 V 3 O 87 V 1053 O 776 O 3466 O 1615 T 2561 O 493 V 266 O 31 V 153 C 341 O 343 O 23 O 187 T 592 V 287 O 91 O 294334 O 56 C 100 V 1 T 2833 C 72 O 14 O 684 V 3527 O 4 N 39266 O 346 V 2048 C 150 V 2314 O 7 C 181 O 726 T 1684 C 19 O 64 V 55 X 6442 X 4085 O 9 V 559 T 532 X 2909 C 165 V 431 O 10 V 0 O 645 V 1245 O 878 V 310 V 36 V 27 O 72 O 5 V 6 V 593 O 1 C 353 O 106 C 325 T 76 X 2793 O 21 V 60 V 381 V 255 V 175 C 2 O 0 V 565 O 485 O 0 V 78 V 136 O 158 T 944 O 262 V 0 O 3 T 1420 V 170 O 16 V 65 V 489 C 330 O 1 O 1118 C 139 O 2790 V 2581 O 49 V 149 V 291 O 3 O 387 V 379 V 341 O 1610 V 4479 O 16 V 37 V 59 O 669

0.65 0.83 0.19 0.15 0.20 0.16 0.74 0.62 0.68 0.54 0.58 0.03 0.00 0.45 0.56 0.04 0.04 0.48 0.58 0.39 0.31 6.36 5.19 4.82 6.00 0.26 1.11 0.89 0.11 0.29 0.10 0.13 0.40 0.00 0.29 0.23 0.48 0.38 0.07 0.19 0.15 0.00 0.14 0.11 0.15 0.41 0.33 0.05 0.34 0.43 0.23 0.13 0.29 0.09 0.09 7.00 14.00 3.68 4.60 0.21 0.25 0.19 0.24 0.09 0.07 0.10 1.34 1.69 0.22 0.17 0.00 0.26 0.30 0.21 3.23 0.10 0.21 0.16 0.21 16.97 16.92 0.05 0.07 0.31 0.12 0.05 0.06 1.00 1.25 0.12 0.74 0.95 2.63 4.45 0.05 0.05 0.63 0.50 0.05 0.06 0.04 0.00 0.14 0.18 0.15 0.19 0.13 0.05 0.04 0.12 0.20 0.15 0.11 0.07 0.05 0.17 0.70 0.55 0.12 0.14 0.18 4.00 0.12 0.00 1.00 0.35 0.27 0.00 0.07 0.07 0.03 0.04 0.11 0.00 0.18 2.26 0.18 0.15 0.11 0.28 0.04 0.02 0.06 0.13 0.44 0.54 0.71 0.90 0.06 0.05 1.24 1.53 0.19 0.39 0.49 0.14 0.20 0.11 0.20

Change

Stock

0.25 0.06 13.38 3.74 0.04 0.65 0.57 1.78 1.47 0.10 0.13

GR Silver V 793 Granada Gold* O 62 Granada Gold V 423 Grande Portage* O 413 Grande Portage V 561 Granite Creek V 469 Granite Creek* O 863 Graphano Egy V 39 Graphite One* O 235 Graphite One V 400 Gratomic* O 276 Gratomic V 1621 Graycliff Exp C 156 Great Atlantic V 29 Great Panther T 1751 Great Panther* X 15297 Great Quest Fe V 889 Green Battery V 563 Green River* O 62 Green River C 693 Green Swan Cap V 2 Green Valley M V 18 Greencastle Rs V 356 Greenhawk Res C 22 Greenland M&En*O 278 Greenland Res 1210 Greenshield Ex V 0 Grid Metals V 494 Grid Metals* O 91 Grizzly Discvr* O 543 Grizzly Discvr V 258 Grosvenor Res V 0 Group Eleven V 34 Group Ten Mtls* O 1834 Group Ten Mtls V 889 GSP Resource V 8 Guanajuato Sil* O 1146 Guanajuato Sil V 1141 Guardian Exp V 1 Gungnir Res* O 121 Gungnir Res V 627 Gunpoint Expl* O 0 Gunpoint Expl V 0 Guyana Goldstr V 0 Hanna Capital V 208 Hanna Capital* O 0 Hannan Metals V 273 Hannan Metals* O 211 Hanstone Gold V 45 Happy Ck Mnrls V 1690 Harfang Explor V 406 Harmony Gold* N 31707 Harvest Gold V 389 Harvest Gold* O 222 Hawkeye Gld&Di*O 210 Hawkeye Gld&Di V 709 Hawkmoon Res C 1024 Headwater Gold C 32 Headwater Gold* O 87 Hecla Mining* N 38752 Heliostar Met* O 435 Heliostar Met V 366 Hemcare Health* O 377 Hemlo Expl* O 6 Hemlo Expl V 120 HFX Holding V 3 Highbank Res V 0 Highbury Proj V 0 HighGold V 940 HighGold* O 92 Highland Copp V 224 Highland Copp* O 216 Highway 50 Gld V 10 Highwood Asset V 0 Hochschild Mg* O 75 Homerun Res V 0 Honey Badger V 456 Honey Badger* O 330 Horizonte Mnls T 1734 Horizonte Mnls* O 167 HudBay Min* N 6032 HudBay Min T 6499 Hudson Res V 525 Hudson Res* O 56 Hunt Mng* O 46 Hunt Mng V 25 Hylands Intl V 0 i-80 Gold* O 300 i-80 Gold T 1647

0.07 0.02 8.35 0.69 0.02 0.10 0.08 0.74 0.57 0.04 0.06

G-H 0.57 0.71 0.00 0.14 0.16 0.12 0.65 0.51 0.63 0.50 0.48 0.00 0.00 0.38 0.49 0.00 0.03 0.32 0.51 0.36 0.28 5.07 3.98 4.37 5.55 0.00 0.96 0.77 0.11 0.26 0.00 0.11 0.33 0.00 0.27 0.21 0.45 0.36 0.04 0.17 0.13 0.00 0.00 0.01 0.00 0.38 0.30 0.04 0.32 0.33 0.00 0.00 0.00 0.06 0.07 5.96 11.90 3.10 3.95 0.16 0.20 0.17 0.00 0.00 0.06 0.00 1.18 1.49 0.18 0.14 0.00 0.19 0.24 0.00 2.67 0.00 0.00 0.13 0.15 0.00 13.51 0.04 0.06 0.30 0.10 0.05 0.05 0.80 1.03 0.11 0.00 0.85 2.06 3.96 0.05 0.00 0.55 0.43 0.04 0.06 0.04 0.00 0.10 0.00 0.13 0.00 0.00 0.00 0.03 0.12 0.00 0.10 0.11 0.07 0.05 0.14 0.57 0.45 0.12 0.00 0.15 3.45 0.00 0.00 0.00 0.27 0.21 0.00 0.00 0.00 0.02 0.03 0.10 0.00 0.18 1.83 0.16 0.12 0.00 0.25 0.04 0.02 0.04 0.11 0.31 0.39 0.63 0.79 0.00 0.05 1.06 1.35 0.14 0.29 0.38 0.13 0.19 0.00 0.18

0.59 0.73 0.18 0.15 0.17 0.13 0.68 0.54 0.63 0.51 0.50 0.03 unch 0.15 unch 0.39 0.50 0.04 0.03 0.41 + 0.51 0.36 0.28 5.16 4.03 4.40 5.59 0.26 unch 0.97 0.78 0.11 unch 0.26 0.10 + 0.12 + 0.34 0.14 unch 0.28 0.21 0.46 + 0.36 + 0.04 0.18 unch 0.14 0.09 unch 0.14 + 0.01 0.15 0.39 0.31 0.04 0.34 + 0.33 0.23 + 0.13 + 0.29 unch 0.09 + 0.07 unch 5.96 11.97 3.16 4.02 0.16 0.21 0.17 0.22 unch 0.08 0.06 0.10 + 1.22 1.60 0.19 + 0.15 + 0.00 0.26 + 0.25 0.21 + 2.72 0.10 unch 0.18 unch 0.16 + 0.20 + 13.76 13.75 0.05 0.06 0.30 unch 0.11 0.05 unch 0.05 0.83 1.04 0.11 unch 0.74 + 0.93 unch 2.09 3.98 0.05 unch 0.05 0.58 0.46 0.05 + 0.06 unch 0.04 0.10 unch 0.13 + 0.17 + 0.15 + 0.19 + 0.11 0.05 + 0.03 0.12 unch 0.20 unch 0.11 0.11 unch 0.07 0.05 0.16 0.57 0.45 0.12 unch 0.13 0.17 + 3.60 0.10 0.27 unch 1.00 0.27 0.21 0.04 unch 0.07 unch 0.07 unch 0.03 + 0.03 unch 0.10 0.22 unch 0.18 unch 1.87 0.16 0.14 0.10 0.25 0.04 unch 0.02 unch 0.05 0.13 unch 0.40 + 0.51 + 0.63 0.81 0.05 0.05 unch 1.07 1.36 0.14 0.30 0.40 0.14 0.19 0.11 0.18 -

(100s)

High Low

0.03 0.65 0.28 0.07 0.83 0.35 0.03 0.34 0.17 0.00 0.29 0.12 0.03 0.27 0.10 0.02 0.25 0.08 0.02 0.94 0.34 0.02 0.78 0.26 0.04 1.73 0.62 0.03 1.41 0.50 0.08 1.40 0.45 0.00 0.03 0.02 0.00 0.23 0.10 0.05 0.91 0.35 0.04 1.10 0.45 0.01 0.30 0.04 0.01 0.26 0.01 0.01 0.53 0.05 0.01 0.65 0.21 0.03 0.51 0.20 0.02 0.42 0.15 1.18 24.93 3.45 0.98 20.26 2.68 0.32 4.96 3.37 0.32 6.13 4.50 0.00 0.63 0.16 0.06 1.23 0.57 0.04 1.02 0.45 0.00 0.67 0.11 0.03 0.80 0.21 0.01 0.18 0.06 0.01 0.21 0.08 0.04 0.48 0.20 0.00 0.14 0.07 0.01 0.54 0.23 0.02 0.44 0.18 0.01 0.81 0.43 0.00 0.63 0.34 0.03 0.09 0.03 0.00 0.22 0.12 0.01 0.18 0.10 0.00 0.15 0.08 0.01 0.22 0.10 0.10 0.17 0.01 0.02 0.21 0.10 0.01 0.60 0.26 0.01 0.49 0.20 0.01 0.11 0.04 0.00 0.56 0.18 0.09 0.61 0.28 0.05 0.30 0.14 0.02 0.40 0.11 0.00 0.44 0.28 0.03 0.13 0.04 0.00 0.18 0.05 0.95 7.00 3.93 1.79 14.00 7.91 0.30 4.07 1.81 0.34 5.10 2.30 0.04 0.38 0.10 0.04 0.45 0.13 0.00 0.28 0.12 0.00 0.35 0.16 0.02 0.14 0.06 0.01 0.12 0.01 0.05 0.70 0.01 0.07 1.34 0.69 0.04 1.69 0.86 0.02 0.45 0.13 0.01 0.36 0.10 0.00 0.00 0.00 0.07 0.60 0.09 0.04 0.85 0.14 0.01 0.37 0.19 0.45 3.79 2.27 0.00 0.42 0.08 0.00 0.39 0.02 0.02 0.53 0.11 0.02 0.61 0.14 1.84 16.97 7.79 1.61 17.20 7.75 0.01 0.15 0.04 0.01 0.18 0.06 0.00 0.60 0.28 0.01 0.42 0.09 0.00 0.20 0.04 0.01 0.24 0.04 0.13 2.65 0.86 0.18 3.12 1.08 0.00 0.17 0.10 0.01 1.79 0.61 0.00 2.22 0.83 0.45 3.11 1.50 0.21 7.08 3.61 0.00 0.17 0.03 0.01 0.20 0.04 0.01 0.79 0.48 0.02 0.65 0.37 0.01 0.15 0.04 0.00 0.10 0.05 0.01 0.10 0.04 0.00 0.19 0.07 0.03 0.14 0.05 0.04 0.18 0.07 0.01 0.16 0.11 0.02 0.21 0.15 0.01 0.31 0.11 0.01 0.10 0.04 0.00 0.09 0.00 0.00 0.40 0.12 0.00 0.22 0.14 0.04 0.44 0.10 0.00 0.35 0.11 0.01 0.33 0.06 0.00 0.27 0.05 0.01 0.49 0.12 0.11 1.00 0.41 0.09 0.83 0.31 0.00 0.13 0.09 0.01 0.20 0.10 0.01 0.41 0.12 0.40 5.30 2.91 0.01 0.18 0.10 0.00 0.49 0.23 1.47 2.99 0.70 0.06 0.49 0.20 0.05 0.42 0.16 0.00 0.56 0.00 0.00 0.10 0.06 0.00 0.20 0.04 0.00 0.06 0.02 0.00 0.08 0.03 0.01 0.51 0.10 0.00 0.33 0.19 0.00 0.26 0.15 0.28 2.59 1.27 0.03 0.38 0.15 0.01 0.64 0.00 0.02 0.20 0.10 0.03 0.36 0.11 0.00 0.06 0.03 0.00 0.05 0.02 0.00 0.10 0.03 0.00 0.25 0.10 0.05 1.75 0.26 0.07 0.98 0.39 0.06 1.12 0.55 0.07 1.41 0.73 0.01 0.21 0.05 0.00 0.20 0.05 0.08 1.31 0.49 0.10 1.62 0.60 0.03 0.35 0.12 0.08 0.47 0.15 0.08 0.59 0.19 0.00 0.28 0.01 0.01 0.35 0.11 0.03 0.15 0.07 0.02 0.68 0.18

Exc Volume

Week High

Low

0.26 0.06 0.07 0.37 0.46 0.18 0.14 0.45 1.65 1.98 0.61 0.78 0.29 0.23 0.31 0.24 0.08 0.10 0.08 0.10 0.06 0.23 0.12 0.22 0.06 1.02 0.00 0.21 0.17 0.08 0.10 0.00 0.14 0.33 0.40 0.16 0.51 0.64 0.06 0.11 0.15 0.00 0.00 0.00 0.04 0.00 0.29 0.23 0.17 0.08 0.50 5.04 0.14 0.11 0.02 0.03 0.05 0.22 0.17 7.38 0.36 0.46 0.77 0.16 0.20 0.04 0.00 0.00 1.02 0.81 0.15 0.12 0.19 0.00 1.96 0.00 0.08 0.07 0.15 0.14 7.65 9.64 0.07 0.06 0.03 0.04 0.00 2.96 3.65

0.23 0.05 0.06 0.31 0.39 0.16 0.12 0.00 1.45 1.85 0.53 0.65 0.24 0.00 0.27 0.21 0.06 0.09 0.07 0.09 0.00 0.00 0.11 0.00 0.05 0.80 0.00 0.20 0.16 0.07 0.09 0.00 0.00 0.27 0.35 0.00 0.42 0.54 0.00 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.26 0.21 0.00 0.04 0.00 4.18 0.00 0.09 0.02 0.02 0.04 0.20 0.16 6.02 0.27 0.36 0.11 0.15 0.18 0.00 0.00 0.00 0.92 0.73 0.13 0.10 0.00 0.00 1.60 0.00 0.07 0.05 0.13 0.10 6.47 8.22 0.00 0.05 0.03 0.00 0.00 2.62 3.33

Last

12-month Change

0.23 0.05 0.07 unch 0.33 + 0.41 0.16 0.13 0.42 1.46 1.85 0.54 0.68 0.27 0.22 0.27 0.21 0.07 + 0.10 unch 0.07 0.09 0.06 + 0.23 unch 0.11 0.20 0.05 + 0.84 1.95 unch 0.20 0.16 0.08 + 0.10 + 0.15 unch 0.14 0.27 0.35 0.16 + 0.42 0.54 0.06 0.10 0.14 0.40 unch 0.61 unch 0.13 unch 0.04 0.03 unch 0.26 0.21 0.16 unch 0.07 + 0.42 4.25 0.11 0.10 0.02 unch 0.02 unch 0.05 unch 0.20 0.16 6.06 0.29 0.39 0.25 0.15 0.18 unch 0.04 0.02 unch 0.35 unch 0.94 unch 0.74 0.14 0.11 0.19 unch 10.75 unch 1.63 0.20 unch 0.08 + 0.06 + 0.14 0.10 6.51 8.26 0.06 unch 0.05 + 0.03 + 0.04 0.03 unch 2.65 3.37 -

0.02 0.00 0.00 0.01 0.01 0.01 0.00 0.06 0.11 0.12 0.07 0.08 0.03 0.01 0.03 0.02 0.01 0.00 0.01 0.01 0.01 0.00 0.02 0.02 0.00 0.03 0.00 0.02 0.01 0.01 0.02 0.00 0.01 0.03 0.04 0.01 0.07 0.08 0.01 0.02 0.02 0.00 0.00 0.00 0.01 0.00 0.04 0.02 0.00 0.04 0.06 0.57 0.03 0.02 0.00 0.00 0.00 0.01 0.01 1.09 0.05 0.05 0.47 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.27 0.00 0.01 0.01 0.01 0.05 1.05 1.27 0.00 0.00 0.00 0.01 0.00 0.11 0.11

Stock

0.82 0.15 0.18 0.65 0.78 0.29 0.24 1.20 2.00 2.54 1.40 1.74 0.94 0.84 1.07 0.90 0.17 0.30 0.08 0.10 0.08 1.10 0.17 0.35 0.11 1.02 1.98 0.27 0.23 0.09 0.10 0.17 0.18 0.42 0.51 0.50 0.70 0.74 0.15 0.25 0.32 0.59 0.75 0.18 0.12 0.08 0.45 0.38 0.48 0.09 1.03 5.76 0.24 0.19 0.04 0.05 0.15 0.65 0.27 9.44 1.47 1.81 2.32 0.38 0.49 0.11 0.02 0.35 2.08 1.65 0.17 0.13 0.47 19.00 2.95 0.21 0.15 0.16 0.18 0.15 9.60 11.62 0.20 0.17 0.23 0.13 0.04 3.28 4.03

Josemaria Res Joshua Gold* Jourdan Res Jubilee Gold Jubilee Metals* Juggernaut Exp* Juggernaut Exp Jupiter Gold* K2 Gold K9 Gold* K92 Mining K92 Mining* Kainantu Res Kaizen Discov Kalo Gold Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* Kenadyr Metals Kenorland Min Kermode Res Kesselrun Res Kesselrun Res* Kestrel Gold KGL Resources Kincora Copper* Kincora Copper King Global* King Global Kingfisher Met* Kingfisher Met Kingman Min Kings Bay Res Kingsmen Res Kinross Gold Kinross Gold* Kintavar Exp Kiplin Metals Kiplin Metals* Klondike Gold* Klondike Gold Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kore Mining Kore Mining * Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

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

0.23 0.05 0.06 0.22 0.27 0.14 0.10 0.27 0.70 0.89 0.53 0.65 0.20 0.19 0.24 0.16 0.03 0.09 0.02 0.03 0.05 0.18 0.10 0.06 0.04 0.30 0.17 0.09 0.07 0.02 0.03 0.14 0.09 0.22 0.27 0.14 0.29 0.36 0.05 0.03 0.05 0.40 0.55 0.10 0.03 0.02 0.22 0.16 0.14 0.03 0.35 3.00 0.10 0.00 0.01 0.01 0.04 0.14 0.11 4.50 0.33 0.42 0.40 0.13 0.16 0.03 0.01 0.20 0.92 0.73 0.08 0.06 0.18 9.05 1.30 0.04 0.06 0.04 0.10 0.05 5.22 6.70 0.06 0.04 0.02 0.03 0.03 1.88 2.33

I-J-K I-Minerals V 0 I-Minerals* O 15 IAMGOLD T 8702 IAMGOLD* N 50294 Icon Explor* O 0 Iconic Mnls * O 468 Iconic Mnls V 235 Idaho Champion C 654 Idaho Champion* O 1221 IEMR Res V 0 iMetal Res V 159 iMetal Res* O 118 IMPACT Silver V 822 Impala Platnm* O 1 Imperial Metal T 138 Imperial Metal* O 59 Imperial Mg Gr* O 328 Imperial Mg Gr V 963 Inca One Gold* O 33 Inca One Gold V 60 Inception Mng * O 9173 Independence G V 412 Independence G* O 77 Indigo Expl V 0 Infield Min V 63 Infinite Ore V 682 Infinite Ore* O 54 Inflection Res C 64 Inomin Mines V 1707 Intact Gold V 0 Integra Res* X 1047 Integra Res V 551 Inter-Rock Mnl V 0 Inter-Rock Mnl* O 13 Interconnect V 0 Intercontinent* O 0 Intercontinent V 0 Interra Copper C 1103 Interra Copper* O 41 Intl Battery C 188 Intl Bethl Mng V 0 Intl Iconic* O 54 Intl Iconic V 19 Intl Lithium V 260 Intl Lithium* O 436 Intl Prospect V 103 Intl Prospect * O 3 Intl Star* O 42944 Intl Tower Hil* X 753 Intl Tower Hil T 19 Intl Zeolite* O 31 Intl Zeolite V 143 Intrepid Pots* N 4144 Inventus Mg * O 19 Inventus Mg V 225 InZinc Mining V 31 InZinc Mining* O 25 Ion Energy* O 51 Ion Energy V 122 Irving Res C 330 Irving Res* O 319 IsoEnergy Ltd V 743 Itafos* O 148 Itafos V 908 Itoco Inc* O 21 Ivanhoe Mines* O 805 Ivanhoe Mines T 6345 Ivor Explor C 497 Jade Leader* O 0 Jade Leader V 20 Jaeger Res V 86 Jaguar Mng T 384 Jaguar Mng* O 314 Japan Gold V 271 Japan Gold* O 87 Jasper Mining V 0 Jaxon Mining V 169 Jayden Res V 48 Jazz Res V 184 Jervois Mining V 652 Jervois Mining* O 1872

(100s)

High Low

0.00 0.00 0.03 unch 0.00 0.05 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.01 4.69 3.90 3.95 - 0.74 4.74 2.75 3.71 3.07 3.12 - 0.59 3.85 2.16 0.03 0.03 0.03 unch 0.00 0.10 0.00 0.12 0.12 0.12 - 0.00 0.23 0.10 0.16 0.15 0.15 - 0.01 0.28 0.13 0.09 0.07 0.07 - 0.01 0.21 0.04 0.07 0.05 0.05 - 0.01 0.17 0.04 0.00 0.00 0.02 unch 0.00 0.04 0.02 0.39 0.36 0.36 - 0.01 0.68 0.14 0.30 0.30 0.30 + 0.01 0.57 0.10 0.57 0.47 0.48 - 0.07 0.82 0.42 14.05 0.00 13.25 - 2.40 21.00 10.38 3.99 3.77 3.93 + 0.15 5.95 2.95 3.14 3.03 3.07 + 0.07 4.92 2.27 0.10 0.09 0.09 - 0.01 0.19 0.09 0.13 0.11 0.12 unch 0.00 0.23 0.11 0.27 0.24 0.25 + 0.02 0.42 0.16 0.35 0.30 0.31 + 0.01 0.45 0.29 0.00 0.00 0.00 - 0.00 0.02 0.00 0.10 0.08 0.09 - 0.02 0.18 0.05 0.08 0.07 0.07 - 0.01 0.14 0.04 0.00 0.00 0.05 unch 0.00 0.10 0.05 0.04 0.00 0.04 - 0.01 0.42 0.04 0.11 0.10 0.10 - 0.01 0.28 0.06 0.08 0.08 0.08 - 0.01 0.21 0.04 0.18 0.15 0.16 - 0.02 0.43 0.08 0.26 0.20 0.20 - 0.05 0.72 0.08 0.00 0.00 0.05 unch 0.00 0.09 0.03 1.40 1.17 1.18 - 0.14 3.48 1.26 1.86 1.50 1.51 - 0.18 4.19 1.60 0.00 0.00 0.48 unch 0.00 0.65 0.40 0.39 0.39 0.39 unch 0.00 0.39 0.34 0.00 0.00 0.08 unch 0.00 0.10 0.08 0.00 0.00 0.07 unch 0.00 0.20 0.06 0.00 0.00 0.09 unch 0.00 0.24 0.09 0.09 0.00 0.09 unch 0.00 0.30 0.04 0.07 0.00 0.06 - 0.02 0.23 0.03 6.30 5.54 5.70 - 0.20 7.52 0.38 0.00 0.00 0.04 unch 0.00 0.12 0.03 0.04 0.03 0.03 - 0.00 0.13 0.03 0.05 0.00 0.04 unch 0.00 0.16 0.04 0.13 0.11 0.12 - 0.01 0.15 0.05 0.10 0.08 0.08 - 0.01 0.12 0.03 0.13 0.00 0.12 - 0.01 0.25 0.11 0.11 0.00 0.04 - 0.07 0.40 0.04 0.01 0.01 0.01 - 0.00 0.02 0.00 1.09 0.93 0.95 - 0.06 1.23 0.62 1.37 1.19 1.19 - 0.08 1.56 0.79 0.15 0.12 0.12 - 0.03 0.24 0.10 0.18 0.00 0.15 - 0.01 0.33 0.12 121.72 93.80 95.16 - 16.79 121.72 22.82 0.13 0.12 0.13 + 0.00 0.16 0.10 0.15 0.00 0.14 - 0.03 0.22 0.12 0.07 0.00 0.06 unch 0.00 0.09 0.03 0.04 0.04 0.04 unch 0.00 0.05 0.01 0.30 0.26 0.26 - 0.02 0.79 0.26 0.37 0.33 0.33 - 0.03 0.59 0.32 1.49 1.33 1.45 + 0.20 2.26 0.92 1.18 1.01 1.15 + 0.15 1.84 0.72 5.54 4.51 4.93 - 0.40 6.61 1.95 2.62 2.22 2.29 - 0.30 3.13 0.88 3.37 2.86 2.89 - 0.41 3.94 0.65 0.14 0.12 0.14 - 0.00 0.35 0.02 9.70 8.49 8.50 - 1.03 10.32 6.09 12.23 10.78 10.79 - 1.25 13.15 7.69 1.84 1.60 1.74 - 0.11 1.90 0.30 0.00 0.00 0.03 unch 0.00 0.07 0.03 0.06 0.00 0.06 + 0.01 0.11 0.05 0.03 0.00 0.03 unch 0.00 0.06 0.02 4.73 4.09 4.14 - 0.26 7.33 3.70 3.75 3.21 3.25 - 0.24 6.00 2.79 0.28 0.26 0.26 - 0.01 0.41 0.25 0.22 0.21 0.21 - 0.01 0.32 0.19 0.00 0.00 0.07 unch 0.00 0.21 0.04 0.04 0.00 0.04 unch 0.00 0.09 0.04 0.25 0.00 0.24 - 0.04 1.05 0.22 0.86 0.00 0.77 - 0.08 0.99 0.30 0.95 0.83 0.85 - 0.06 0.95 0.40 0.77 0.67 0.67 - 0.06 0.77 0.25

Exc Volume

Week

12-month

High

Low

Last

Change

T 1604 O 1471 V 1322 V 1 O 157 O 7 V 102 O 4 V 153 O 184 T 3777 O 641 V 82 V 6 V 78 V 615 C 365 T 410 V 0 O 501 O 43088 V 7 V 42 V 271 V 302 O 195 V 3702 V 2 O 14 V 39 O 43 V 938 O 108 V 218 V 145 V 172 V 0 T 23713 N 93637 V 106 V 199 O 2 O 146 V 456 O 410 V 895 O 163 O 66 V 374 O 1219 V 1436 C 32 V 423 O 351 O 143 C 175 O 239 C 32734 O 765

2.00 0.05 0.06 0.78 0.23 0.15 0.19 0.80 0.21 0.14 10.52 8.33 0.24 0.34 0.19 0.90 0.46 0.79 0.00 6.25 0.01 0.11 0.80 0.02 0.08 0.06 0.11 0.13 0.10 0.12 0.04 0.05 0.18 0.22 0.04 0.06 0.00 7.90 6.27 0.12 0.84 0.64 0.13 0.17 0.07 0.08 1.41 0.32 0.39 0.17 0.21 0.04 0.32 0.26 0.52 1.09 0.88 0.09 0.08

1.74 0.02 0.05 0.00 0.20 0.14 0.17 0.00 0.00 0.12 9.35 7.36 0.17 0.00 0.18 0.83 0.42 0.61 0.00 5.00 0.00 0.00 0.00 0.00 0.00 0.05 0.07 0.00 0.09 0.00 0.04 0.04 0.16 0.20 0.03 0.00 0.00 6.92 5.45 0.11 0.74 0.00 0.13 0.16 0.06 0.07 1.26 0.29 0.36 0.13 0.17 0.00 0.29 0.23 0.41 0.96 0.75 0.05 0.04

1.74 0.02 + 0.05 0.78 + 0.23 0.14 0.17 0.80 0.20 0.12 9.35 7.36 0.19 0.34 0.19 + 0.83 0.44 + 0.66 0.36 unch 5.12 0.01 + 0.11 0.74 0.02 unch 0.08 unch 0.06 0.09 + 0.13 0.10 + 0.12 + 0.04 0.05 + 0.16 + 0.20 + 0.03 0.06 unch 0.12 unch 6.95 5.49 0.11 0.78 0.61 0.13 0.16 + 0.06 0.07 1.30 0.30 0.36 0.14 + 0.18 + 0.04 + 0.31 0.25 + 0.43 0.96 0.77 0.07 0.05 -

C 222 O 1010 V 912 O 87 O 30 T 2419 O 3556 V 138 T 2090 O 881 D 719 T 494 O 30 V 235 O 11 V 78 V 313 O 13 V 234 O 193 V 6981 C 411 O 2 C 261 O 159 C 0 V 227 O 29 C 94 O 1232 V 6069 O 1842 V 0 C 56 V 2 V 3 V 240 O 270 T 6059 N 26760 V 1360 O 667 O 7027 O 85 V 175 O 257 O 308 V 1173 O 10 V 0 V 782 O 421 O 39 T 266 O 628 V 158 O 16 V 27 O 30 T 1629 O 125 V 1570 O 61 V 263 O 371 V 714 V 360 T 777 O 272 T 10446 O 1 V 362 O 663 O 631

0.04 0.03 0.04 + 0.01 0.10 0.03 0.62 0.52 0.52 - 0.05 1.50 0.42 0.78 0.66 0.66 - 0.06 1.85 0.53 0.12 0.09 0.11 - 0.00 0.33 0.02 33.00 28.19 28.19 - 4.40 42.40 26.61 41.77 35.68 35.95 - 5.15 51.00 33.33 1.75 1.48 1.52 + 0.02 1.97 0.16 0.71 0.63 0.71 + 0.08 0.85 0.48 0.91 0.72 0.73 - 0.13 1.12 0.37 0.00 0.00 0.00 - 0.00 0.02 0.00 12.13 9.64 9.68 - 2.49 18.71 7.39 15.43 12.11 12.32 - 3.06 22.96 9.39 0.06 0.06 0.06 unch 0.00 0.16 0.06 0.08 0.08 0.08 unch 0.00 0.20 0.08 0.12 0.09 0.09 - 0.02 0.16 0.09 0.16 0.00 0.16 + 0.03 0.18 0.10 1.03 0.98 1.00 - 0.01 1.14 0.36 0.79 0.78 0.78 - 0.02 0.92 0.28 0.54 0.47 0.47 - 0.05 0.72 0.19 0.44 0.36 0.37 - 0.04 0.57 0.15 2.34 2.04 2.04 - 0.18 6.57 1.91 0.15 0.14 0.14 unch 0.00 0.34 0.12 0.01 0.01 0.01 unch 0.00 0.36 0.00 0.47 0.38 0.45 + 0.05 1.00 0.31 0.36 0.26 0.36 + 0.05 1.47 0.22 0.00 0.00 0.12 unch 0.00 0.16 0.07 0.12 0.10 0.11 - 0.01 0.50 0.09 0.09 0.08 0.08 + 0.00 0.65 0.07 1.10 0.80 1.03 unch 0.00 3.75 0.76 0.83 0.54 0.68 + 0.16 0.83 0.27 1.05 0.67 0.86 + 0.20 1.05 0.34 0.73 0.58 0.59 - 0.11 1.50 0.62 0.00 0.00 0.40 unch 0.00 0.64 0.33 0.21 0.18 0.20 + 0.03 0.41 0.15 0.08 0.00 0.08 + 0.03 0.12 0.05 0.08 0.00 0.08 unch 0.00 0.25 0.08 1.16 1.09 1.11 - 0.03 1.42 0.97 0.96 0.85 0.87 - 0.04 1.17 0.77 41.56 33.48 34.25 - 3.21 53.09 14.46 33.33 26.36 26.93 - 2.76 41.56 11.84 1.01 0.89 0.92 - 0.05 1.21 0.26 0.83 0.70 0.73 - 0.04 0.95 0.21 0.42 0.27 0.40 + 0.11 1.09 0.18 0.27 0.23 0.23 - 0.03 0.41 0.01 0.35 0.30 0.30 - 0.03 0.38 0.08 0.60 0.52 0.52 - 0.06 0.86 0.29 0.12 0.10 0.12 + 0.01 0.14 0.06 0.16 0.00 0.15 + 0.01 0.18 0.06 0.04 0.04 0.04 + 0.00 0.14 0.03 0.00 0.00 0.30 unch 0.00 0.30 0.30 0.08 0.06 0.07 - 0.01 0.17 0.06 0.06 0.05 0.06 - 0.00 0.15 0.04 0.44 0.40 0.42 - 0.02 0.97 0.39 0.57 0.48 0.48 - 0.06 1.16 0.49 0.04 0.02 0.02 - 0.01 4.20 0.02 14.72 13.90 14.30 - 0.45 17.73 6.63 11.49 11.00 11.31 - 0.59 14.00 5.55 0.15 0.00 0.15 + 0.05 0.24 0.09 0.12 0.00 0.12 + 0.03 0.19 0.08 0.68 0.58 0.60 - 0.07 0.87 0.50 0.07 0.00 0.06 + 0.02 0.54 0.04 0.10 0.06 0.09 + 0.03 0.15 0.05 0.40 0.19 0.40 - 0.16 0.80 0.18 0.27 0.22 0.26 + 0.02 0.80 0.22 0.53 0.47 0.47 - 0.03 0.69 0.39 0.66 0.59 0.59 - 0.05 0.85 0.50 0.49 0.40 0.40 + 0.01 0.94 0.35 11.89 10.66 10.78 - 0.88 12.93 8.82 11.25 9.55 9.63 - 1.13 13.00 6.66 14.00 12.14 12.26 - 1.33 15.94 8.56 0.03 0.03 0.03 unch 0.00 0.07 0.00 0.04 0.00 0.04 unch 0.00 0.08 0.03 7.20 6.66 6.66 - 0.31 8.63 3.92 7.20 6.60 6.69 - 0.30 8.73 4.00

0.16 0.00 0.01 0.02 0.00 0.01 0.02 0.13 0.01 0.01 0.73 0.63 0.04 0.01 0.01 0.07 0.03 0.11 0.00 0.79 0.00 0.01 0.01 0.00 0.00 0.00 0.02 0.02 0.02 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.80 0.65 0.01 0.03 0.03 0.00 0.01 0.01 0.01 0.08 0.01 0.02 0.00 0.01 0.01 0.01 0.01 0.04 0.15 0.11 0.02 0.01

High Low

2.00 0.09 0.10 0.87 0.32 0.32 0.40 1.50 0.40 0.66 10.52 8.33 0.40 0.85 0.59 1.25 0.75 1.35 0.94 6.25 0.02 0.40 1.50 0.05 0.26 0.21 0.20 0.26 0.56 0.35 0.09 0.12 2.38 0.65 0.17 0.17 0.19 10.06 8.34 0.24 1.10 2.40 0.22 0.27 0.12 0.10 1.94 0.48 0.61 0.30 0.36 0.26 1.22 0.99 0.93 2.79 2.23 0.10 0.08

0.67 0.01 0.03 0.59 0.18 0.09 0.12 0.31 0.16 0.10 5.75 4.42 0.15 0.25 0.15 0.70 0.10 0.12 0.26 2.35 0.00 0.11 0.65 0.02 0.07 0.05 0.06 0.10 0.08 0.10 0.03 0.04 0.15 0.18 0.03 0.06 0.08 6.32 4.90 0.10 0.10 0.09 0.11 0.14 0.00 0.05 0.80 0.10 0.24 0.10 0.16 0.03 0.29 0.23 0.36 0.76 0.60 0.02 0.00

M Macarthur Min V Macarthur Min* O MacDonald Mns* O MacDonald Mns V Madeira Mrnls V Madoro Metals V MAG Silver T Magellan Gold* O Magna Gold V Magna Gold* O Magna Mining V Magna Terra* O Magna Terra V Magnum Goldco V Majestic Gold* O Majestic Gold V Major Precious* O Makara Mining* O Makara Mining C Makena Res* O Mako Mining* O Mako Mining V Mammoth Res * O Mammoth Res V Mandalay Res T Mandalay Res* O Manganese X* O Manganese X V Mangazeya Mng V Manitou Gold V Manitou Gold * O Manning Vent* O Manning Vent C Mansa Explor C

458 109 90 4941 0 0 836 34 699 302 432 1 16 155 44 53 31 266 109 205 1443 1884 8 44 254 56 441 626 64 3604 10 41 2253 236

0.43 0.35 0.03 0.04 0.00 0.00 23.29 0.24 0.73 0.58 0.52 0.07 0.11 0.06 0.05 0.07 0.10 0.04 0.06 0.29 0.31 0.39 0.07 0.08 3.81 3.00 0.40 0.49 0.05 0.06 0.05 0.06 0.09 0.17

0.39 0.32 0.02 0.03 0.00 0.00 19.67 0.20 0.61 0.48 0.49 0.07 0.00 0.00 0.05 0.00 0.00 0.03 0.05 0.25 0.27 0.34 0.00 0.00 3.40 2.67 0.35 0.44 0.00 0.05 0.05 0.06 0.08 0.15

0.40 0.32 0.02 0.03 unch 0.03 unch 0.08 unch 19.75 0.20 0.62 0.49 0.50 0.07 unch 0.11 + 0.05 unch 0.05 + 0.06 0.09 0.04 + 0.05 unch 0.25 0.28 0.35 0.07 + 0.08 unch 3.51 2.67 0.35 0.44 0.05 + 0.05 0.05 unch 0.06 unch 0.08 + 0.15 -

0.04 0.60 0.28 0.03 0.50 0.22 0.00 0.06 0.02 0.00 0.07 0.03 0.00 0.03 0.03 0.00 0.15 0.05 3.00 29.28 16.74 0.04 1.40 0.20 0.11 1.13 0.63 0.09 1.12 0.45 0.03 0.65 0.30 0.00 0.16 0.07 0.01 0.20 0.09 0.00 0.18 0.04 0.00 0.07 0.03 0.01 0.08 0.05 0.00 2.00 0.01 0.00 0.40 0.03 0.00 0.50 0.05 0.03 1.31 0.25 0.02 0.39 0.22 0.04 0.44 0.29 0.00 0.39 0.01 0.00 0.21 0.06 0.18 3.86 1.82 0.24 3.03 1.43 0.02 0.47 0.18 0.04 0.58 0.22 0.01 0.10 0.04 0.01 0.13 0.05 0.00 0.10 0.04 0.00 0.11 0.06 0.01 0.34 0.07 0.02 0.28 0.14

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MAY 2—15, 2022 / THE NORTHERN MINER

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

Exc Volume

Mantaro Prec* O 147 Mantaro Prec V 177 Maple Gold V 1286 Maple Gold* O 1952 Marathon Gold* O 385 Marathon Gold T 2280 Margaret Lake V 59 Marimaca Cop* O 3 Marimaca Cop T 64 Maritime Res V 9297 Martina Mnls V 0 MartinMarietta* N 1576 Marvel Discov* O 504 Marvel Discov V 603 Mas Gold V 235 Mascota Res* O 17 Masivo Silver V 717 Masivo Silver* O 56 Mason Graphite* O 102 Mason Graphite V 159 Matachewan Con V 0 Matica Ent C 20 Maverix Metals T 384 Maverix Metals* X 1508 Mawson Res* O 187 Mawson Res T 390 MAX Res V 2134 MaxTech Vent C 403 MaxTech Vent* O 118 Maxwell Res* O 0 Mayfair Gold* O 7 Mayfair Gold V 206 Mazarin V 0 McChip Res V 2 McEwen Mng T 1040 McEwen Mng* N 9372 McLaren Res C 12 MDN Inc* O 69 Medallion Res V 26 Medallion Res* O 66 Medaro Mining C 550 Medaro Mining* O 506 Medgold Res* O 53 Medgold Res V 105 Medinah Mnrls* O 2336 Mega Copper V 0 Mega Uranium T 3557 Mega Uranium* O 2091 MegaWatt Lith C 414 MegaWatt Lith* O 120 MegumaGold* O 341 MegumaGold C 1036 Melkior Res* O 35 Melkior Res V 66 Meridian Mg T 1348 Meridian Mg * O 239 Metal Energy V 682 MetalCorp V 65 Metalex Vent * O 6 Metalex Vent V 205 Metallic Mnrls V 351 Metallic Mnrls* O 405 Metallica Met* O 30 Metallica Met C 1039 Metallica Min* O 39 Metallis Res V 342 Metallum Res V 732 Metalo Manuf C 22 Metalore Res V 1 Metals Creek* O 212 Metals Creek V 288 Metals X* O 796 Metron Capital V 299 Mexican Gold* O 164 Midasco Cap V 0 Midland Expl V 164 Midnight Star C 160 Midnight Sun* O 163 Midnight Sun V 226 Millbank Mg V 0 MillenMin Vent V 0 Millennial Pr V 1999 Millennial Pr* O 2628 Millennium Sil V 352 Millrock Res* O 107 Millrock Res V 128 Milner Con Slv V 0 Minaurum Gold V 200 Minaurum Gold* O 987 Minco Silver* O 0 Minco Silver T 179 Minera Alamos * O 2806 Minera Alamos V 5205 Minera IRL* O 400 Minera IRL C 919 Mineral Hill V 0 Mineral Mtn V 452 Mineral Mtn* O 71 Mineral Res* O 2 Mineworx Tech* O 246 Mineworx Tech V 411 Minfocus Expl V 817 Minnova Corp V 273 Minsud Res V 59 Mirasol Res V 123 Mistango River C 816 Mkango Res V 122 ML Gold Corp V 31 Monarca Mnrls* O 1965 Monarca Mnrls V 659 Monarch Min* O 108 Monarch Mining T 126 Moneta Porcpn T 378 Moneta Porcpn* O 116 Mongoose Mg C 27 Monitor Vent V 22 Montage Gold V 493 Montage Gold* O 89 Montego Res C 200 Montego Res* O 0 Monterey Min C 73 Montero Mg&Ex * O 109 Montero Mg&Ex V 275 Monument Mng V 244 Monument Mng* O 213 Monumental Min V 120 Morien Res* O 241 Morien Res V 197 Mosaic* N 45837 Mosaic Min C 232 Mount Gibson * O 5 Mountain Boy* O 62 Mountain Boy V 92 Mountain Prov T 701 Mountain Prov* O 214 MPV Explor C 267 Mundoro Cap V 34 Mundoro Cap* O 2 Murchison Min* O 117 Murchison Min V 945 Musgrave Min* O 23 Musk Metals C 215 Musk Metals* O 50 Muzhu Mining C 358

Week High

Low

Last

12-month Change

High Low

0.16 0.14 0.15 + 0.01 0.50 0.09 0.19 0.18 0.18 - 0.01 0.57 0.13 0.31 0.28 0.28 - 0.01 0.49 0.26 0.26 0.22 0.22 - 0.01 0.42 0.20 2.23 1.85 1.88 - 0.32 3.00 1.91 2.82 2.36 2.39 - 0.38 3.73 2.36 0.24 0.20 0.20 - 0.03 1.30 0.18 3.35 0.00 3.25 - 0.11 4.55 2.70 4.22 4.04 4.11 + 0.05 5.85 3.24 0.12 0.09 0.09 - 0.02 0.24 0.09 0.00 0.00 0.07 unch 0.00 0.07 0.07 384.53 353.92 354.83 - 9.99 446.46 329.69 0.13 0.11 0.12 - 0.00 0.20 0.05 0.15 0.14 0.15 - 0.01 0.22 0.07 0.11 0.10 0.11 + 0.01 0.18 0.09 2.10 1.70 1.90 + 0.40 3.45 1.10 0.10 0.07 0.09 + 0.02 0.14 0.06 0.07 0.05 0.07 + 0.01 0.12 0.04 0.46 0.41 0.43 - 0.02 0.65 0.32 0.59 0.52 0.52 - 0.06 0.78 0.40 0.00 0.00 0.23 unch 0.00 0.26 0.17 0.45 0.00 0.45 + 0.09 1.50 0.26 6.85 5.85 5.90 - 0.73 7.70 5.04 5.45 4.60 4.66 - 0.65 6.40 3.91 0.11 0.10 0.10 - 0.01 0.26 0.09 0.14 0.13 0.13 - 0.01 0.33 0.12 0.76 0.61 0.67 - 0.05 0.90 0.14 0.06 0.04 0.04 - 0.01 0.40 0.04 0.05 0.04 0.04 - 0.00 0.30 0.04 0.00 0.00 0.07 unch 0.00 1.26 0.01 1.27 0.00 1.16 - 0.09 2.06 0.40 1.61 1.36 1.43 - 0.16 2.09 0.49 0.00 0.00 0.18 unch 0.00 0.20 0.08 0.86 0.00 0.76 - 0.11 1.45 0.62 1.09 0.93 0.96 - 0.12 2.07 0.94 0.87 0.73 0.75 - 0.10 1.71 0.73 0.07 0.00 0.07 + 0.01 0.10 0.04 0.18 0.00 0.16 - 0.01 0.78 0.13 0.12 0.11 0.11 - 0.01 0.42 0.08 0.10 0.08 0.08 - 0.01 0.35 0.06 0.71 0.67 0.68 - 0.02 1.43 0.50 0.59 0.53 0.53 - 0.03 1.81 0.32 0.01 0.01 0.01 + 0.00 0.05 0.01 0.02 0.00 0.02 - 0.01 0.06 0.02 0.00 0.00 0.00 - 0.00 0.01 0.00 0.00 0.00 0.16 unch 0.00 0.16 0.14 0.41 0.33 0.35 - 0.06 0.42 0.18 0.34 0.26 0.27 - 0.05 0.34 0.14 0.13 0.11 0.12 - 0.01 0.43 0.08 0.10 0.09 0.09 - 0.01 0.35 0.07 0.05 0.00 0.04 - 0.01 0.08 0.02 0.06 0.05 0.05 - 0.02 0.11 0.03 0.24 0.22 0.24 - 0.00 0.50 0.18 0.31 0.25 0.30 unch 0.00 0.65 0.23 1.01 0.87 0.89 - 0.10 1.34 0.39 0.79 0.66 0.71 - 0.08 1.08 0.30 0.16 0.12 0.12 - 0.04 0.25 0.10 0.04 0.00 0.04 - 0.01 0.06 0.03 0.04 0.04 0.04 unch 0.00 0.07 0.02 0.05 0.00 0.05 - 0.01 0.10 0.02 0.48 0.39 0.40 - 0.07 0.68 0.32 0.38 0.31 0.32 - 0.05 0.56 0.25 0.06 0.04 0.05 + 0.01 0.27 0.04 0.06 0.00 0.06 unch 0.00 0.34 0.05 0.03 0.00 0.03 unch 0.00 0.03 0.02 0.27 0.24 0.26 - 0.01 0.57 0.19 0.08 0.00 0.07 - 0.01 0.13 0.07 0.22 0.16 0.16 - 0.01 0.69 0.11 2.55 0.00 2.51 + 0.21 3.33 2.15 0.10 0.09 0.10 - 0.00 0.20 0.09 0.12 0.11 0.12 - 0.01 0.23 0.11 0.60 0.51 0.55 + 0.03 0.60 0.15 0.27 0.25 0.26 - 0.01 0.39 0.19 0.03 0.02 0.03 - 0.00 0.13 0.02 0.00 0.00 0.10 unch 0.00 0.12 0.10 0.55 0.50 0.50 - 0.04 0.90 0.46 0.37 0.34 0.36 + 0.01 0.54 0.25 0.19 0.17 0.18 - 0.01 0.40 0.00 0.25 0.00 0.23 - 0.01 0.42 0.20 0.00 0.00 0.55 unch 0.00 0.60 0.40 0.00 0.00 0.05 unch 0.00 0.05 0.05 0.56 0.45 0.50 - 0.01 0.74 0.30 0.44 0.36 0.39 - 0.04 0.94 0.27 0.02 0.00 0.01 - 0.01 0.03 0.01 0.06 0.04 0.05 - 0.00 0.09 0.04 0.07 0.00 0.07 + 0.01 0.11 0.05 0.00 0.00 0.11 unch 0.00 0.11 0.07 0.39 0.34 0.35 - 0.03 0.50 0.23 0.31 0.27 0.27 - 0.03 0.41 0.17 0.00 0.00 0.24 unch 0.00 0.52 0.22 0.31 0.27 0.28 - 0.02 0.58 0.27 0.58 0.52 0.54 - 0.03 0.63 0.37 0.73 0.66 0.69 - 0.03 0.73 0.49 0.07 0.07 0.07 + 0.01 0.09 0.01 0.10 0.08 0.09 + 0.01 0.11 0.07 0.00 0.00 0.26 unch 0.00 0.30 0.13 0.09 0.09 0.09 unch 0.00 0.24 0.09 0.08 0.07 0.07 + 0.00 0.20 0.07 46.29 0.00 46.09 + 0.20 48.27 27.13 0.07 0.06 0.07 - 0.00 0.08 0.04 0.09 0.08 0.08 - 0.01 0.11 0.06 0.14 0.10 0.11 + 0.01 0.43 0.10 0.11 0.10 0.10 - 0.01 0.35 0.10 0.32 0.30 0.30 - 0.01 0.37 0.04 0.80 0.00 0.73 - 0.06 0.86 0.31 0.07 0.07 0.07 - 0.01 0.23 0.06 0.37 0.00 0.34 - 0.02 0.70 0.34 0.10 0.00 0.09 + 0.01 0.15 0.08 0.03 0.02 0.03 + 0.00 0.13 0.02 0.04 0.03 0.04 + 0.01 0.16 0.03 0.52 0.48 0.48 - 0.04 0.88 0.47 0.65 0.61 0.61 - 0.03 1.02 0.60 2.97 2.50 2.59 - 0.22 2.97 1.55 2.36 1.99 2.05 - 0.18 2.36 1.25 0.30 0.24 0.29 + 0.05 0.50 0.18 0.13 0.00 0.12 - 0.02 0.34 0.10 0.90 0.80 0.80 - 0.10 1.02 0.58 0.72 0.64 0.64 - 0.07 0.85 0.45 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.00 0.00 0.02 unch 0.00 0.02 0.01 0.71 0.58 0.58 - 0.15 1.60 0.21 0.08 0.06 0.08 + 0.02 0.86 0.01 0.10 0.00 0.10 unch 0.00 0.30 0.06 0.13 0.12 0.12 + 0.01 0.21 0.09 0.10 0.08 0.10 + 0.02 0.16 0.01 0.69 0.00 0.58 - 0.08 0.79 0.27 0.30 0.24 0.25 - 0.03 0.51 0.11 0.37 0.00 0.34 - 0.02 0.64 0.16 79.28 66.20 66.77 - 9.28 79.28 28.26 0.12 0.10 0.11 unch 0.00 0.19 0.06 0.52 0.50 0.50 - 0.02 0.65 0.32 0.13 0.12 0.12 - 0.00 0.19 0.11 0.17 0.15 0.16 - 0.01 0.24 0.15 0.87 0.76 0.77 - 0.07 0.99 0.40 0.69 0.60 0.60 - 0.07 0.79 0.32 0.10 0.09 0.10 - 0.01 0.71 0.09 0.20 0.19 0.19 + 0.01 0.25 0.16 0.16 0.15 0.16 + 0.01 0.21 0.13 0.10 0.08 0.08 + 0.00 0.15 0.05 0.11 0.10 0.10 - 0.01 0.17 0.06 0.23 0.23 0.23 unch 0.00 0.40 0.22 0.07 0.06 0.06 unch 0.00 0.13 0.05 0.09 0.03 0.05 + 0.00 0.11 0.00 0.11 0.00 0.11 + 0.01 0.21 0.10

N-O NACCO Ind* Namibia Crit Namibia Crit* Natural Res Pt* Navis Res Corp* NEO Battery NEO Battery* Neometals* Network Expl Network Expl* Nevada Canyon* Nevada Copper* Nevada Copper Nevada Expl * Nevada Expl Nevada King* Nevada King Nevada Lithium Nevada Lithiu*

N V O N O V O O V O O O T O V O V C O

226 69 118 164 8 1525 544 23 42 46 10 732 1527 677 866 2004 2564 1084 176

50.87 39.13 40.00 0.24 0.23 0.23 0.21 0.17 0.18 47.78 43.88 44.54 0.33 0.32 0.33 0.55 0.00 0.45 0.44 0.36 0.36 1.41 1.25 1.30 0.28 0.23 0.23 0.22 0.18 0.18 0.80 0.00 0.53 0.56 0.46 0.48 0.67 0.58 0.59 0.08 0.06 0.07 0.10 0.08 0.09 0.48 0.37 0.37 0.58 0.46 0.46 0.24 0.19 0.20 0.27 0.15 0.16

+ + + + -

6.50 0.01 0.02 0.40 0.01 0.08 0.06 0.02 0.01 0.03 0.37 0.01 0.03 0.01 0.01 0.03 0.04 0.05 0.04

51.20 0.43 0.40 47.78 3.00 1.31 1.21 1.50 1.13 0.93 1.07 0.99 3.15 0.17 0.22 1.50 0.84 0.78 0.75

20.75 0.20 0.15 16.66 0.30 0.16 0.14 0.33 0.19 0.15 0.32 0.39 0.49 0.04 0.06 0.23 0.27 0.19 0.16

(100s) Stock

Exc Volume

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

455 8822 3920 828 0 171 602 2222 1268 5 14 8 2212 6459 29081 357 1037 4927 4097 589 1 1 31 14 330 273 272 525 937 0 1324 44396 229 291 283 638 1026 11304 14713 479 139 4573 428 168 758 28 886 225 700 1105 145 555 616 493 5 112 353 104 361 476 853 232 1 454 41 253 2918 738 52 222 144 5 0 884 59 0 337 24 401 73 827 0 18 321 133723 420 640 91 70 7 270 67 148 287 289 246 83 468 336 14398 6407 347 370 1201 8928 2130 421 163 0 10 416 82 113 262 559 962 12438 23 117 1412 158 2801 2061 16174 7388 347 230 93 150 6 6093 59 465 1231 38 32 9 625 293 184 371 1073 2404 138 32 1088 224 174 523 1 589 294 2702 0 871 494 1349 142 54 216 513 275 769 51 15 1641

(100s) Stock

Week High

0.32 0.17 0.14 0.15 0.00 0.64 0.77 0.13 0.10 0.04 0.10 0.10 9.64 2.50 1.99 4.74 3.77 0.12 0.10 0.68 0.14 0.04 0.06 2.44 0.53 0.43 27.18 21.40 0.25 0.00 108.98 86.37 0.12 0.47 0.06 0.07 10.53 7.90 6.25 3.72 0.02 0.03 0.30 0.25 4.22 3.30 1.79 1.43 0.08 0.10 0.06 0.14 0.11 0.10 0.08 0.57 0.72 0.20 0.10 1.12 0.92 0.02 0.01 0.19 0.14 0.01 0.14 0.12 0.30 0.81 0.70 0.88 0.00 0.07 0.16 0.00 0.23 0.65 0.85 0.02 0.02 0.00 0.11 0.14 0.00 1.52 2.06 0.09 0.05 0.02 0.02 0.04 0.32 0.41 0.19 0.18 0.54 0.66 0.07 0.04 0.03 8.36 6.69 10.53 8.36 1.00 0.80 0.64 0.00 0.09 0.03 0.78 0.62 0.15 0.05 0.50 0.40 0.11 0.14 0.02 0.02 0.06 0.05 117.25 147.93 0.11 0.13 0.04 2.39 2.70 3.41 0.14 0.51 0.62 0.05 0.05 0.06 0.12 0.10 0.15 0.18 0.06 0.08 0.33 0.26 0.08 0.07 0.54 0.70 0.17 0.06 0.80 1.00 0.00 0.09 0.08 0.05 0.04 0.07 0.09 1.80 1.42 0.15 0.29 0.17 6.59

Low

Last

12-month Change

0.29 0.31 + 0.07 0.12 + 0.05 0.10 + 0.10 0.10 0.00 0.11 unch 0.53 0.53 0.65 0.70 0.11 0.11 0.08 0.09 0.00 0.04 0.08 0.10 + 0.00 0.10 unch 8.44 8.46 2.07 2.07 1.62 1.64 3.87 3.88 3.05 3.08 0.11 0.11 0.08 0.08 0.61 0.63 0.00 0.14 unch 0.00 0.04 0.00 0.06 unch 0.00 2.32 0.49 0.51 + 0.38 0.40 + 25.40 25.43 19.79 20.05 0.21 0.22 0.00 0.29 unch 89.64 94.80 70.60 74.52 0.00 0.11 0.45 0.46 unch 0.04 0.04 0.06 0.06 8.92 9.34 6.45 6.57 5.07 5.16 3.15 3.16 0.02 0.02 0.02 0.02 unch 0.26 0.28 + 0.19 0.22 + 3.52 3.81 3.15 3.29 + 1.52 1.65 + 1.23 1.30 + 0.06 0.07 0.09 0.09 0.00 0.05 0.11 0.11 0.09 0.09 0.00 0.09 0.07 0.07 + 0.52 0.53 0.66 0.67 0.00 0.20 0.00 0.08 1.06 1.08 + 0.81 0.86 + 0.02 0.02 unch 0.01 0.01 unch 0.15 0.15 0.12 0.12 0.00 0.01 unch 0.13 0.13 0.10 0.10 + 0.30 0.30 unch 0.73 0.75 0.58 0.60 0.87 0.87 unch 0.00 1.10 unch 0.06 0.06 0.00 0.15 + 0.00 0.05 unch 0.00 0.18 0.00 0.63 + 0.75 0.81 + 0.01 0.01 0.00 0.02 unch 0.00 0.58 unch 0.10 0.10 0.00 0.13 0.00 0.00 1.12 1.19 1.42 1.51 0.00 0.09 + 0.00 0.05 unch 0.00 0.02 unch 0.01 0.01 0.03 0.04 unch 0.29 0.32 + 0.37 0.38 0.16 0.17 + 0.12 0.13 + 0.50 0.52 0.63 0.65 0.00 0.06 0.03 0.03 0.02 0.02 7.80 8.02 6.18 6.33 9.32 9.47 7.32 7.46 0.88 0.89 0.72 0.76 0.58 0.60 0.00 0.30 unch 0.09 0.09 unch 0.00 0.02 unch 0.68 0.70 0.53 0.56 0.12 0.12 0.04 0.05 unch 0.45 0.46 0.36 0.36 0.10 0.11 + 0.00 0.12 0.02 0.02 unch 0.01 0.02 0.05 0.05 unch 0.03 0.04 103.74 103.81 131.90 132.07 0.09 0.09 0.11 0.12 + 0.00 0.04 unch 2.30 2.35 + 2.51 2.65 + 3.06 3.15 0.00 0.13 unch 0.43 0.44 0.55 0.56 0.00 0.03 0.05 0.05 0.00 0.06 unch 0.11 0.12 unch 0.09 0.09 + 0.13 0.13 0.16 0.16 0.06 0.06 + 0.07 0.07 0.00 0.31 0.24 0.25 0.06 0.06 0.05 0.05 0.42 0.42 0.53 0.54 0.00 0.17 0.00 0.05 unch 0.76 0.76 0.96 0.97 + 0.00 0.20 unch 0.08 0.09 unch 0.06 0.07 0.05 0.05 unch 0.00 0.04 0.00 0.07 + 0.08 0.09 1.56 1.57 1.22 1.23 0.13 0.13 0.00 0.29 0.17 0.17 unch 5.56 5.60 -

0.01 0.05 0.04 0.06 0.00 0.11 0.06 0.01 0.00 0.01 0.02 0.00 0.49 0.32 0.26 0.76 0.58 0.01 0.00 0.04 0.00 0.01 0.00 0.07 0.01 0.01 1.36 1.20 0.02 0.00 12.14 10.25 0.02 0.00 0.00 0.01 0.66 1.31 1.07 0.54 0.00 0.00 0.01 0.01 0.28 0.09 0.01 0.03 0.01 0.01 0.01 0.03 0.01 0.01 0.01 0.02 0.02 0.01 0.02 0.02 0.03 0.00 0.00 0.04 0.02 0.00 0.01 0.00 0.00 0.05 0.03 0.00 0.00 0.01 0.02 0.00 0.05 0.03 0.05 0.00 0.00 0.00 0.01 0.01 0.00 0.35 0.44 0.01 0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.00 0.00 0.02 0.01 0.02 0.01 0.08 0.13 0.85 0.74 0.07 0.03 0.01 0.00 0.00 0.00 0.02 0.01 0.01 0.00 0.05 0.04 0.01 0.01 0.00 0.00 0.00 0.00 8.19 9.27 0.00 0.01 0.00 0.02 0.19 0.15 0.00 0.05 0.05 0.02 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.03 0.02 0.02 0.05 0.03 0.02 0.00 0.02 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.20 0.18 0.01 0.03 0.00 0.90

High Low

0.60 0.17 0.14 0.18 0.19 0.65 0.85 0.17 0.15 0.10 0.10 0.12 13.50 2.68 2.23 7.64 5.84 0.18 0.16 0.79 0.28 0.07 0.08 4.10 0.74 0.61 28.00 22.57 0.61 0.31 108.98 86.37 0.29 0.52 0.17 0.22 12.86 8.30 6.56 4.90 0.06 0.08 0.63 0.52 4.22 5.00 1.79 2.00 0.13 0.16 0.07 0.23 0.18 0.18 0.15 1.12 1.35 0.96 0.17 1.84 1.48 0.08 0.04 1.03 0.87 0.02 0.17 0.14 0.74 1.05 0.88 0.94 1.11 0.11 0.39 0.13 0.48 0.86 1.11 0.05 0.06 0.65 0.12 0.14 0.00 4.60 5.85 0.10 0.06 0.07 0.09 0.09 0.46 0.55 0.45 0.36 0.91 1.10 0.15 0.09 0.07 19.18 16.29 12.58 10.45 2.68 0.94 0.77 0.49 0.35 0.10 1.38 1.14 0.28 0.23 0.78 0.63 0.37 0.46 0.03 0.02 0.20 0.16 117.25 147.93 0.34 0.40 0.38 2.79 2.70 3.41 0.32 0.67 0.79 0.06 0.11 0.08 0.21 0.27 0.26 0.32 0.11 0.13 0.65 0.54 0.25 0.22 0.62 0.80 0.35 0.06 0.80 1.00 0.20 0.31 0.26 0.12 0.11 0.16 0.20 1.81 1.43 0.27 0.55 0.33 6.59

0.22 0.05 0.04 0.05 0.10 0.27 0.34 0.09 0.06 0.04 0.04 0.07 5.68 1.29 1.01 3.08 2.38 0.08 0.05 0.25 0.13 0.04 0.04 1.59 0.45 0.35 19.11 14.81 0.19 0.20 66.25 52.60 0.08 0.34 0.04 0.06 6.50 4.31 3.47 1.77 0.01 0.02 0.25 0.19 0.52 0.43 0.53 0.40 0.05 0.07 0.03 0.07 0.06 0.07 0.06 0.52 0.64 0.16 0.08 0.90 0.70 0.02 0.00 0.13 0.10 0.01 0.10 0.08 0.29 0.45 0.35 0.19 0.23 0.04 0.12 0.05 0.17 0.36 0.45 0.01 0.02 0.22 0.05 0.07 0.00 0.25 0.36 0.06 0.03 0.02 0.01 0.01 0.00 0.16 0.15 0.12 0.40 0.50 0.06 0.04 0.03 6.36 5.07 7.62 5.97 0.85 0.33 0.28 0.29 0.07 0.02 0.54 0.43 0.06 0.04 0.37 0.29 0.09 0.12 0.01 0.01 0.03 0.02 52.28 66.05 0.09 0.11 0.03 1.89 1.48 1.79 0.10 0.33 0.43 0.03 0.03 0.04 0.09 0.00 0.09 0.12 0.03 0.03 0.26 0.20 0.06 0.05 0.28 0.35 0.11 0.03 0.32 0.40 0.20 0.08 0.06 0.05 0.04 0.06 0.08 0.94 0.76 0.12 0.17 0.15 3.71

Exc Volume

Oroco Res Oroco Res* Orsu Metals* Orsu Metals Orvana Mnrls* Orvana Mnrls Osino Res* Osino Res Osisko Dev* Osisko Gold* Osisko Gold Osisko Metals* Osisko Metals Osisko Mng Inc Outback Gold* Outcrop S&G Outcrop S&G* OZ Minerals*

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

965 1112 0 1 240 575 252 581 215 4548 2298 383 2654 3173 58 603 395 1

P2 Gold* O P2 Gold V Pac Arc Res V Pac Bay Mnrls V Pac Booker Min* O Pac Booker Min V Pac Imperial V Pac Ridge Expl V Pac Ridge Expl* O Pacific Empire* O Pacific Empire V Pacific Silk V Pacton Gold V Paladin Energy* O Palamina Corp V Palamina Corp* O Palayan Res* O Paleo Resource V Paleo Resource* O Palladium One V Palladium One* O Pampa Metals* O Pampa Metals C Pan Am Silver T Pan Am Silver* D Pan Global Res* O Pan Global Res V Pancontinental V Pancontinental* O Pangolin Dia V Panoro Mnrls V Panoro Mnrls* O Pantera Silver V Pantheon Vent V Para Resources V Paramount Gold* X Parlane Res V Pasinex Res C Pasofino Gold* O Pasofino Gold V Patriot Gold C Patriot Gold* O Peabody Enrgy* N Pegasus Res V Pegasus Res* O Pelangio Expl* O Pelangio Expl V Peloton Mnrls C Peloton Mnrls* O PepinNini Lith* O Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal* O Peruvian Metal V Petra Diamonds* O Petrolympic* O Petrolympic V Phenom Res* O Phenom Res V Phoenix Global* O Phoenix Metals V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJX Res V Plata Latina V Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PNG Copper C PolyMet Mng* X PolyMet Mng T Portofino Res V Portofino Res* O Power Group V Power Metals V Power Metals* O PPX Mining V Precipitate Gl* O Precipitate Gl V Prime Meridian V Prime Mining* O Prime Mining V Prism Res V Prismo Metals C ProAm Expl V Probe Metals* O Probe Metals V Prog Planet V Prog Planet* O Prospect Ridge C Prosper Gold V Provenance Gld C Providence V Providence Gld* O Pucara Gold V Pucara Gold* O PUF Vent Inc * O Puma Expl* O Puma Expl V Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Copper V QC Copper* O QC Precious * O QC Precious V QcX Gold V QcX Gold* O QMC Quantum Ml*O QMC Quantum Ml V QNB Metals C Quadro Res* O Quadro Res V Quantum Batt* O Quantum Batt C Quartz Mtn Res* O Quartz Mtn Res V Quebec Nickel C Quebec Silica C Questex Gold* O Questex Gold V

277 373 0 0 5 57 14 1313 535 7 3 0 694 4809 55 35 414 60 102 872 654 145 740 2051 10893 139 498 156 370 1 572 181 319 88 312 1953 328 128 62 10 163 104 38346 5113 256 1 4 232 48 8 250 877 389 996 893 0 25 15 28 1 255 344 38 329 312 3694 8 61 7 176 518 655 5035 114 154 22 177 725 28 828 323 211 1576 1049 9 365 158 0 19 634 25 0 0 109 158 128 21 259 61 757 143 40 177 54 362 121 550 177 532 147 5151 20339 4522 6 35 1799 2025 6 188 523 5 112 180 11 89 91 1 575 3 11 989 151 20 966

Week High

Low

1.95 1.55 0.00 0.15 0.32 0.40 1.07 1.34 3.81 14.27 18.00 0.55 0.69 4.60 0.18 0.24 0.20 20.28

1.66 1.31 0.00 0.00 0.28 0.36 0.91 1.16 3.35 13.16 16.72 0.43 0.56 4.08 0.00 0.21 0.16 17.54

Last

12-month Change

1.66 - 0.24 1.31 - 0.20 0.12 unch 0.00 0.15 unch 0.00 0.31 - 0.02 0.39 - 0.01 0.93 - 0.06 1.18 - 0.08 3.35 - 0.05 13.24 - 0.86 16.84 - 0.95 0.46 - 0.05 0.57 - 0.06 4.10 - 0.42 0.15 + 0.00 0.21 - 0.02 0.17 - 0.01 17.54 - 2.12

Stock

3.66 3.02 0.27 0.34 0.42 0.54 1.40 1.61 6.45 15.12 18.59 0.55 0.69 5.02 1.22 0.46 0.40 21.04

Remington Res Renforth Res* Renforth Res Resolve Vent Reunion Gold Reunion Gold* Revival Gold Revival Gold * Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls Richmond Mnls* Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold Riley Gold* Rio Silver Rio Silver* Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited* Rio2 Limited Rise Gold Corp Rise Gold Corp* Riverside Res Riverside Res* RJK Explor* RJK Explor Robex Res Rochester Res* Rochester Res Rock Tech Lith* Rock Tech Lith Rockcliff Met* Rockcliff Met Rockex Mng Rockhaven Re* Rockhaven Res Rockland Res Rockridge Res Rockwealth Res Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RooGold* RooGold RosCan Gold* RosCan Gold Ross River Rover Metals* Rover Metals Royal Fox Gold Royal Fox Gold* Royal Gold* Royal Rd Mnrls RT Minerals* RT Minerals RTG Mining Rugby Mng Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

1.67 1.31 0.02 0.15 0.21 0.25 0.77 1.01 3.06 10.64 13.60 0.27 0.35 2.33 0.13 0.14 0.11 15.58

P-Q 0.73 0.51 0.53 - 0.05 1.60 0.28 0.80 0.65 0.66 - 0.07 0.83 0.34 0.00 0.00 0.21 unch 0.00 0.26 0.14 0.00 0.00 0.09 unch 0.00 0.18 0.08 0.58 0.58 0.58 + 0.07 3.90 0.43 0.95 0.00 0.90 + 0.25 4.99 0.53 0.05 0.00 0.04 - 0.01 0.06 0.02 0.51 0.40 0.42 + 0.02 0.58 0.10 0.41 0.31 0.35 + 0.04 0.47 0.08 0.03 0.03 0.03 - 0.00 0.06 0.02 0.04 0.00 0.04 - 0.01 0.08 0.03 0.00 0.00 0.03 unch 0.00 0.05 0.02 0.39 0.38 0.38 - 0.01 0.88 0.36 0.73 0.57 0.59 - 0.11 0.80 0.27 0.17 0.00 0.17 + 0.01 0.37 0.13 0.14 0.13 0.13 + 0.00 0.36 0.10 0.09 0.08 0.09 + 0.00 0.50 0.03 0.03 0.00 0.02 unch 0.00 0.04 0.01 0.02 0.01 0.02 unch 0.00 0.10 0.01 0.25 0.23 0.24 unch 0.00 0.37 0.17 0.21 0.17 0.18 - 0.01 0.31 0.13 0.26 0.20 0.23 - 0.02 1.07 0.19 0.31 0.29 0.30 - 0.01 0.60 0.26 38.51 33.33 33.60 - 4.09 43.95 26.52 30.56 26.19 26.44 - 3.40 36.14 20.74 0.56 0.51 0.51 - 0.07 0.70 0.38 0.71 0.62 0.63 - 0.04 0.87 0.48 0.09 0.00 0.08 - 0.01 0.19 0.07 0.06 0.05 0.05 - 0.01 0.15 0.06 0.00 0.00 0.02 unch 0.00 0.05 0.01 0.18 0.16 0.17 - 0.01 0.21 0.11 0.14 0.13 0.13 - 0.01 0.18 0.08 0.21 0.16 0.17 - 0.04 0.34 0.12 0.08 0.08 0.08 unch 0.00 0.47 0.07 0.35 0.00 0.34 + 0.02 0.44 0.27 0.72 0.62 0.63 + 0.00 1.10 0.53 0.10 0.09 0.10 + 0.01 0.50 0.08 0.04 0.04 0.04 - 0.01 0.06 0.02 0.80 0.79 0.79 - 0.00 1.39 0.46 0.94 0.00 0.90 - 0.10 1.68 0.61 0.08 0.06 0.08 + 0.01 0.20 0.05 0.06 0.05 0.05 - 0.01 0.15 0.04 33.29 24.49 24.51 - 8.03 33.29 3.44 0.11 0.09 0.09 - 0.01 0.11 0.04 0.09 0.07 0.07 - 0.01 0.10 0.02 0.07 0.07 0.07 unch 0.00 0.13 0.07 0.10 0.00 0.10 unch 0.00 0.17 0.09 0.07 0.06 0.06 - 0.01 0.12 0.06 0.06 0.04 0.05 - 0.00 0.09 0.04 0.73 0.64 0.64 - 0.01 0.73 0.19 5.80 4.62 5.12 - 0.65 11.45 4.17 4.72 3.79 4.01 - 0.56 9.42 3.25 1.88 1.70 1.72 - 0.10 1.88 1.11 0.04 0.03 0.03 - 0.01 0.07 0.03 0.05 0.04 0.05 - 0.00 0.09 0.01 0.00 0.00 0.12 unch 0.00 0.18 0.02 0.16 0.00 0.16 + 0.02 0.22 0.10 1.80 0.00 1.60 - 0.04 1.80 0.01 0.05 0.05 0.05 - 0.00 0.08 0.04 0.06 0.00 0.06 - 0.01 0.10 0.04 0.53 0.44 0.44 - 0.07 0.70 0.25 0.66 0.56 0.56 - 0.10 0.85 0.35 0.87 0.00 0.70 + 0.05 1.29 0.45 0.19 0.17 0.19 + 0.01 0.55 0.13 1.40 1.16 1.17 - 0.16 1.40 0.21 1.73 1.47 1.47 - 0.20 1.73 0.25 0.18 0.18 0.18 unch 0.00 0.35 0.13 0.19 0.00 0.18 - 0.02 0.24 0.15 0.03 0.00 0.03 unch 0.00 0.05 0.02 0.04 0.03 0.04 + 0.00 0.05 0.03 0.06 0.05 0.05 unch 0.00 0.08 0.04 2.88 2.26 2.33 - 0.42 6.61 1.83 2.28 1.77 1.82 - 0.36 5.34 1.44 0.04 0.00 0.04 - 0.01 0.05 0.02 0.10 0.09 0.09 - 0.01 0.30 0.08 0.08 0.01 0.02 - 0.05 0.29 0.00 0.05 0.05 0.05 - 0.01 0.17 0.05 3.75 3.43 3.47 - 0.02 4.79 2.41 4.66 4.33 4.39 - 0.03 6.15 3.05 0.11 0.09 0.10 - 0.01 0.17 0.08 0.09 0.07 0.07 - 0.01 0.14 0.06 0.03 0.00 0.03 unch 0.00 0.16 0.03 0.34 0.29 0.34 + 0.04 0.34 0.17 0.27 0.23 0.26 + 0.03 0.26 0.13 0.04 0.00 0.04 unch 0.00 0.05 0.03 0.10 0.08 0.09 - 0.01 0.15 0.06 0.13 0.00 0.11 - 0.03 0.18 0.07 0.00 0.00 0.12 unch 0.00 0.14 0.06 3.07 2.64 2.68 - 0.36 4.15 2.38 3.87 3.36 3.47 - 0.36 5.24 2.99 0.09 0.00 0.09 unch 0.00 0.14 0.06 0.00 0.00 0.30 unch 0.00 0.42 0.19 0.00 0.00 0.06 unch 0.00 0.10 0.06 1.83 1.62 1.67 - 0.04 1.85 1.25 2.32 2.05 2.10 - 0.08 2.33 1.52 0.35 0.00 0.34 + 0.02 0.60 0.29 0.28 0.00 0.28 - 0.01 0.48 0.25 0.48 0.43 0.45 - 0.02 2.75 0.20 0.59 0.54 0.55 - 0.05 2.28 0.42 0.16 0.12 0.16 + 0.04 0.18 0.10 0.08 0.00 0.07 unch 0.00 0.10 0.06 0.06 0.06 0.06 unch 0.00 0.16 0.00 0.14 0.00 0.12 - 0.02 0.36 0.11 0.11 0.09 0.10 - 0.02 0.30 0.05 0.15 0.08 0.08 - 0.05 4.88 0.09 0.34 0.29 0.29 - 0.06 0.50 0.13 0.42 0.37 0.39 - 0.05 0.64 0.16 0.01 0.01 0.01 unch 0.00 0.02 0.00 1.39 1.13 1.13 - 0.07 2.11 0.59 1.70 1.45 1.45 - 0.09 2.60 0.83 0.19 0.12 0.17 + 0.05 1.50 0.11 0.24 0.16 0.22 + 0.07 1.81 0.14 0.12 0.09 0.09 - 0.03 0.20 0.08 0.06 0.06 0.06 unch 0.00 0.24 0.06 0.08 0.00 0.08 unch 0.00 0.30 0.07 0.34 0.28 0.29 unch 0.00 0.47 0.15 0.27 0.22 0.22 + 0.00 0.37 0.11 0.14 0.13 0.13 - 0.01 0.27 0.11 0.18 0.16 0.17 - 0.01 0.33 0.15 0.05 0.04 0.05 + 0.01 0.26 0.04 0.03 0.03 0.03 unch 0.00 0.21 0.03 0.23 0.19 0.22 unch 0.00 0.35 0.14 0.30 0.27 0.27 - 0.01 0.40 0.18 0.16 0.00 0.16 unch 0.00 0.25 0.05 0.03 0.00 0.03 - 0.00 0.13 0.02 0.04 0.00 0.04 + 0.01 0.16 0.03 0.45 0.00 0.30 - 0.15 5.85 0.30 0.62 0.50 0.53 - 0.03 5.85 0.41 0.24 0.00 0.24 + 0.00 0.29 0.00 0.28 0.00 0.26 unch 0.00 0.39 0.16 0.20 0.15 0.20 + 0.04 0.41 0.10 0.13 0.09 0.10 - 0.02 0.27 0.05 0.92 0.88 0.88 - 0.01 1.07 0.43 1.14 1.10 1.10 - 0.04 1.37 0.54

R Rackla Metals Rackla Metals* Radisson Mng Radius Gold Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl Rare Element* Rathdowney Res Ready Set Gold Ready Set Gold* Recharge Res* Red Pine Expl Regulus Res

V O V V C C O V O V C O O V V

65 1 794 298 500 70 31 35 715 7 133 4 7581 4147 168

0.17 0.03 0.20 0.34 0.04 0.50 2.03 0.18 1.16 0.03 0.12 0.08 0.06 0.50 1.21

0.00 0.02 0.18 0.00 0.04 0.50 1.73 0.00 0.99 0.00 0.00 0.08 0.04 0.45 1.10

0.17 unch 0.02 + 0.19 unch 0.31 0.04 unch 0.50 unch 1.85 0.15 1.04 0.03 unch 0.10 0.08 unch 0.05 0.47 + 1.15 -

0.00 0.00 0.00 0.03 0.00 0.00 0.24 0.04 0.11 0.00 0.01 0.00 0.00 0.02 0.09

(100s)

High Low

0.44 0.33 0.31 0.40 0.12 1.00 3.80 0.26 2.75 0.06 0.28 0.15 0.53 0.82 1.50

0.15 0.01 0.18 0.20 0.04 0.43 1.69 0.10 0.73 0.02 0.08 0.04 0.00 0.37 0.70

Exc Volume

0 V 25 O 982 C 88 V 1148 V 789 O 244 V 229 O 119 V O 1521 V 1039 713 V 0 V 0 O 101 V 416 O 488 V 2 V 6 O 180 V 536 O N 20217 4 O 4 O 661 O 1139 V 69 C 112 O 116 V 399 O 52 O 157 V 889 V 225 O 5 V 22 O 228 V 5 O 183 C 41 C 180 O 182 V 684 C 783 V 836 V 28 V 554 O 85 O 318 V V 1432 858 O 268 O 646 C 482 O V 1008 0 V 231 O 1331 V 920 V 378 O D 2065 350 V 68 O 324 V 5 T 288 V 552 V 251 V 30 O 135 V 75 O

Week High

Low

Last

12-month Change

0.00 0.00 0.18 unch 0.00 0.06 0.05 0.05 - 0.00 0.07 0.06 0.07 unch 0.00 0.09 0.00 0.07 - 0.01 0.30 0.23 0.25 - 0.03 0.24 0.18 0.20 - 0.02 0.72 0.65 0.66 - 0.02 0.58 0.51 0.52 - 0.04 0.14 0.00 0.13 - 0.01 0.54 0.46 0.48 - 0.03 0.66 0.59 0.61 - 0.03 0.51 0.46 0.46 - 0.05 0.00 0.00 0.05 unch 0.00 0.03 0.03 0.03 unch 0.00 0.37 0.35 0.35 - 0.02 0.02 0.02 0.02 - 0.00 0.03 0.00 0.03 unch 0.00 0.25 0.00 0.25 unch 0.00 0.19 0.18 0.18 - 0.00 0.07 0.00 0.06 unch 0.00 0.09 0.04 0.09 + 0.04 83.21 72.57 72.67 - 9.20 84.04 0.00 72.46 - 8.62 91.45 0.00 85.12 - 8.02 0.65 0.53 0.54 - 0.09 0.80 0.68 0.68 - 0.11 0.75 0.68 0.69 - 0.04 0.59 0.00 0.55 - 0.04 0.18 0.16 0.17 + 0.01 0.14 0.13 0.13 - 0.01 0.40 0.00 0.09 + 0.01 0.12 0.00 0.11 unch 0.00 0.42 0.00 0.40 + 0.07 0.05 0.04 0.04 unch 0.00 0.05 0.00 0.05 + 0.01 4.42 3.78 3.85 - 0.47 5.60 4.75 4.91 - 0.55 0.05 0.05 0.05 unch 0.00 0.07 0.06 0.07 unch 0.00 0.04 0.03 0.04 unch 0.00 0.08 0.03 0.03 - 0.04 0.11 0.00 0.10 unch 0.00 0.11 0.13 - 0.02 0.15 0.10 0.09 0.09 - 0.01 0.31 0.23 0.24 - 0.07 0.09 0.00 0.08 + 0.01 0.41 0.36 0.37 - 0.03 0.19 0.18 0.19 - 0.00 0.24 0.22 0.23 unch 0.00 0.07 0.06 0.06 - 0.01 0.05 0.04 0.04 - 0.00 0.11 0.12 - 0.00 0.14 0.17 0.13 0.13 unch 0.00 0.32 0.30 0.31 - 0.02 0.42 0.38 0.39 - 0.02 0.00 0.00 0.26 unch 0.00 0.04 0.03 0.04 - 0.00 0.05 0.04 0.04 - 0.01 0.07 0.06 0.06 unch 0.00 0.05 0.03 0.04 + 0.01 147.06 135.53 137.29 - 7.64 0.28 0.24 0.25 - 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.00 0.03 unch 0.00 0.09 0.00 0.09 - 0.01 0.17 0.00 0.16 - 0.01 0.02 0.00 0.02 + 0.01 5.99 5.08 5.15 - 0.49 4.65 4.05 4.08 - 0.46 0.05 0.00 0.05 - 0.01 0.04 0.04 0.04 - 0.01

High Low

0.25 0.11 0.12 0.13 0.36 0.29 0.83 0.67 0.39 0.84 1.05 1.70 0.07 0.04 0.77 0.18 0.23 0.74 0.61 0.09 0.11 95.97 94.42 106.55 0.75 0.87 0.99 0.80 0.22 0.19 0.40 0.25 0.46 0.12 0.14 7.53 9.38 0.07 0.08 0.05 0.13 0.15 0.28 0.19 0.45 0.16 1.01 0.46 0.58 0.07 0.05 0.41 0.43 0.55 0.60 0.26 0.12 0.12 0.12 0.07 147.70 0.40 0.12 0.15 0.19 0.24 0.06 6.77 5.37 0.08 0.07

0.17 0.05 0.06 0.04 0.06 0.04 0.50 0.40 0.13 0.44 0.55 0.48 0.03 0.02 0.30 0.02 0.03 0.22 0.18 0.04 0.01 59.58 57.41 63.01 0.40 0.53 0.36 0.28 0.13 0.10 0.01 0.10 0.26 0.03 0.04 3.09 3.83 0.04 0.05 0.03 0.00 0.10 0.11 0.09 0.10 0.07 0.32 0.17 0.22 0.04 0.02 0.09 0.12 0.11 0.23 0.26 0.03 0.04 0.04 0.03 92.01 0.24 0.02 0.03 0.08 0.09 0.02 4.19 3.30 0.04 0.03

S 12 C S2 Minerals 836 Sabina Gd&Slvr* O Sabina Gd&Slvr T 3458 O 2472 Sable Res* V 12131 Sable Res 146 V Sailfish Rylty 120 O Salazar Res* 302 V Salazar Res 151 V Sama Res 5 O Sama Res* 0 V Samco Gold 103 V San Lorenzo 313 Sanatana Res* O 516 Sanatana Res V 568 Sandfire Res* O 41 V Sandfire Res Sandstorm Gold* N 10268 Sandstorm Gold T 1564 Santacruz Silv V 2588 629 V Sarama Res 50 O Sassy Res* 362 C Sassy Res 289 V Satori Res 126 O Satori Res* 654 V Saturn Mnrls 0 Savannah Min V 473 V Saville Res 442 Scandium Intl* O 5411 Scandium Intl T 156 V Scorpio Gold 239 Scorpio Gold * O 694 Scotch Creek C 714 Scotch Creek* O 276 O Scottie Res* 458 V Scottie Res 67 V ScoZinc Mg 370 Seabridge Gld T Seabridge Gld* N 1645 21 Seahawk Gold* O 126 Seahawk Gold C 504 V Search Mnls 93 Search Mnls* O 298 O Searchlight* 1017 SearchlightRes V 30 Secova Metals* O Secova Metals C 2643 243 V Sego Res 637 V Select Sands 0 Sennen Potash V 7 T Serabi Gold 1 O Serabi Gold* T 5967 Sherritt Intl 72 Shine Minerals V 1 Shine Minerals* O 3 Sibanye-Stillw* O Sibanye-Stillw* N 18262 Sidney Resrces* O 1401 595 V Sienna Res 283 O Sienna Res* 34 Sierra Grande C 158 Sierra Madre G* O 673 Sierra Madre G V 364 Sierra Metals T Sierra Metals* X 2982 Sigma Lithium* D 2660 224 Sigma Lithium V Signature Res V 1083 209 Signature Res* O 234 Silver Bear Rs* O 0 Silver Bear Rs T 49 T Silver Bull Re 142 Silver Bull Re* O 254 C Silver Dollar 246 Silver Dollar* O 37 T Silver Eleph 43 V Silver Grail 476 Silver Hammer C Silver Hammer* O 1002 O 1140 Silver One* 574 V Silver One 0 Silver Phoenix C 1 Silver Predatr* O 0 Silver Predatr V 169 Silver Range* O 59 V Silver Range 152 Silver Sands* O C 1070 Silver Sands 46 Silver Spruce* O 509 Silver Spruce V V 1380 Silver Valley 387 O Silver Viper* 438 V Silver Viper 370 V Silver Wolf 83 O Silver Wolf* 1187 V Silver X 489 O Silver X* Silvercorp Met* X 5589 Silvercorp Met T 1878

0.26 0.00 0.26 + 0.01 0.30 0.13 1.27 1.06 1.08 - 0.17 1.60 0.95 1.93 1.23 1.35 1.37 - 0.21 1.61 0.26 0.18 0.24 + 0.07 0.35 0.12 0.33 0.23 0.31 + 0.09 0.40 0.16 1.37 1.41 - 0.05 1.65 1.09 1.48 0.24 0.21 0.22 - 0.02 0.32 0.21 0.30 0.00 0.26 - 0.03 0.42 0.25 0.23 0.00 0.22 + 0.01 0.28 0.12 0.17 0.17 unch 0.00 0.22 0.09 0.17 0.00 0.00 0.05 unch 0.00 0.05 0.05 0.13 0.00 0.11 - 0.01 0.30 0.08 0.12 0.12 0.12 - 0.00 0.15 0.06 0.18 0.00 0.15 unch 0.00 0.20 0.07 0.14 0.12 0.12 - 0.02 0.21 0.11 0.18 0.00 0.17 + 0.01 0.24 0.14 9.31 5.31 9.06 7.93 8.02 - 0.89 11.42 10.10 10.17 - 1.09 11.61 6.86 0.56 0.46 0.47 - 0.06 0.58 0.22 0.25 0.22 0.23 - 0.02 0.28 0.15 0.34 0.00 0.29 + 0.00 0.82 0.28 0.43 0.38 0.38 - 0.01 0.92 0.35 0.15 0.00 0.15 unch 0.00 0.18 0.10 0.11 0.11 + 0.00 0.14 0.08 0.13 3.56 3.05 3.09 - 0.20 4.49 2.20 0.00 0.00 0.26 unch 0.00 0.35 0.21 0.04 0.03 0.04 + 0.01 0.06 0.03 0.10 0.06 0.07 - 0.03 0.21 0.01 0.13 0.10 0.10 - 0.04 0.26 0.10 0.17 0.07 0.09 0.00 0.08 - 0.01 0.07 0.06 0.06 - 0.01 0.14 0.05 0.58 0.51 0.53 - 0.02 0.98 0.40 0.58 0.36 0.42 - 0.02 2.88 0.18 0.18 0.16 0.16 - 0.01 0.23 0.12 0.23 0.20 0.21 - 0.02 0.27 0.16 0.63 0.00 0.60 unch 0.00 0.80 0.45 28.00 23.78 23.88 - 3.24 28.00 18.85 22.22 18.69 18.79 - 2.70 22.22 14.85 1.24 0.16 0.27 0.27 0.27 - 0.00 0.34 0.33 0.33 - 0.01 1.05 0.20 0.17 0.19 - 0.01 0.33 0.12 0.20 0.16 0.13 0.15 - 0.01 0.27 0.01 0.11 0.03 0.10 0.08 0.08 - 0.00 0.12 0.10 0.10 - 0.01 0.14 0.06 0.03 0.03 0.03 - 0.01 0.22 0.00 0.07 0.05 0.05 - 0.02 0.22 0.05 0.10 0.00 0.09 - 0.01 0.16 0.04 0.11 0.12 - 0.02 0.14 0.04 0.14 0.00 0.00 0.45 unch 0.00 0.45 0.45 0.85 0.00 0.80 - 0.06 1.40 0.76 1.10 0.15 0.50 0.50 0.50 unch 0.00 0.82 0.72 0.74 - 0.05 0.85 0.36 0.13 0.00 0.13 - 0.01 0.16 0.09 0.12 0.12 0.12 unch 0.00 0.13 0.07 4.75 3.62 3.75 - 0.80 5.15 2.71 17.00 14.48 14.54 - 1.98 20.64 11.15 0.19 0.16 0.17 - 0.02 0.28 0.05 0.10 0.08 0.09 - 0.01 0.15 0.08 0.08 0.07 0.07 - 0.01 0.12 0.06 1.18 0.20 0.23 0.00 0.21 - 0.14 0.66 0.50 0.52 + 0.02 0.79 0.31 0.75 0.63 0.68 + 0.04 0.95 0.39 1.24 1.24 - 0.07 4.83 1.25 1.44 1.15 0.97 0.97 - 0.09 3.92 1.00 18.01 14.96 15.71 - 0.15 19.48 4.03 22.50 19.20 19.90 unch 0.00 24.51 5.00 0.09 0.07 0.07 - 0.02 0.20 0.06 0.07 0.06 0.06 - 0.02 0.20 0.05 0.06 0.05 0.06 - 0.00 0.15 0.00 0.00 0.00 0.05 unch 0.00 0.15 0.04 0.28 0.26 0.27 + 0.01 1.55 0.25 0.23 0.21 0.22 + 0.01 1.25 0.18 1.36 0.56 0.87 0.75 0.76 - 0.07 1.11 0.38 0.69 0.60 0.60 - 0.06 1.12 1.16 - 0.06 4.10 0.91 1.27 0.20 0.00 0.20 - 0.01 0.25 0.11 0.70 0.60 0.65 - 0.01 1.08 0.25 0.58 0.48 0.51 - 0.01 0.86 0.26 0.40 0.32 0.34 - 0.04 0.67 0.28 0.50 0.43 0.43 - 0.06 0.79 0.36 0.00 0.00 0.31 unch 0.00 0.70 0.23 0.09 0.09 0.09 unch 0.00 0.23 0.07 0.00 0.00 0.12 unch 0.00 0.23 0.07 0.11 0.06 0.10 - 0.02 0.29 0.02 0.15 0.00 0.13 - 0.02 0.25 0.09 0.10 0.08 0.09 - 0.00 0.22 0.07 0.11 0.12 + 0.01 0.26 0.10 0.13 0.03 0.00 0.03 + 0.00 0.09 0.03 0.11 0.03 0.04 0.00 0.03 - 0.01 0.26 0.19 0.19 - 0.07 0.33 0.11 0.34 0.28 0.28 - 0.03 0.70 0.28 0.43 0.36 0.36 - 0.04 0.80 0.34 0.17 0.18 - 0.01 0.60 0.12 0.20 0.15 0.12 0.15 + 0.02 0.51 0.08 0.33 0.28 0.28 - 0.05 0.52 0.23 0.29 0.22 0.22 - 0.03 0.41 0.00 3.41 3.45 - 0.43 6.72 3.08 3.98 5.01 4.34 4.39 - 0.49 8.07 3.95

GLOBAL MINING NEWS

(100s) Stock

Week

Exc Volume

SilverCrest* SilverCrest Silverstock Silverton Met* Silverton Met Sirios Res* Sirios Res Sitka Gold Sitka Gold* Sixty North Sixty North* Skeena Res SKRR Explor Sky Gold Sky Gold* Skyharbour Res Skyharbour Res* Slam Explor* Slam Explor Slave Lake Zn Slave Lake Zn* Snowline Gold Snowy Owl Sokoman Min Sokoman Min* Solaris Res SolGold plc* SolGold plc SolidusGold Solitario Ex&R Solitario Ex&R* Solstice Gold Sonora Gld & S Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic* South Atlantic South Star Bat South Star Bat* South32* Southern Copp* Southern Emp* Southern Emp Southern Silvr Southern Silvr* SouthGobi Res Southstone Min Spanish Mtn Gd Spanish Mtn Gd* Sparton Res Sparton Res* SPC Nickel SPC Nickel* Spearmint Res Spearmint Res* Sphinx Res Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St-Georges Eco St-Georges Eco* St. James Gold St. James Gold* Stakeholdr Gld Stallion Gold Standard Graph* Standard Metal* Standard Uran* Standard Uran Stans Energy Star Diamond* Star Diamond Star Gold* Starcore Intl* Starcore Intl Starr Peak* Starr Peak Stellar Africa* Stellar Africa Stelmine Can Stelmine Can* Steppe Gold Steppe Gold* Sterling Metal Sterling Metal* Stevens Gold* Stevens Gold Stinger Res Stinger Res* Stone Gold Straightup Res Straightup Re* Stratabd Mnr* Stratabd Mnr Strategic Metl Strategic Metl* Strategic Res Strategic Res* Stria Lithium Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor* Stuhini Explor Stuve Gold Sulliden Mng* Sulliden Mng Summa Silver* Summa Silver

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

THE NORTHERN MINER / MAY 2—15, 2022

High

4318 1643 0 37 73 40 835 1041 222 103 59 672 495 295 301 1970 1008 0 62 171 30 1066 261 1271 698 1241 251 296 0 28 734 77 0 61 87 1579 1 247 836 1181 4 5743 29 230 890 1131 64 13 413 238 2617 46 246 301 1244 401 0 160 112 9062 1688 504 2131 2383 77 19 12 3 783 13 1648 3350 296 30 411 33 20 29 78 109 179 156 633 1301 234 49 858 601 2 151 179 137 399 139 564 43 342 214 134 660 1 640 569 1248 936 289 78 25 48 6 1 85 715 518

Low

Last

(100s)

12-month Change

Stock

High Low

9.84 8.09 8.09 - 1.49 10.40 6.60 12.44 10.29 10.30 - 1.80 12.99 8.30 0.00 0.00 0.20 unch 0.00 0.29 0.17 0.16 0.00 0.15 + 0.01 0.64 0.10 0.20 0.17 0.18 unch 0.00 0.87 0.15 0.07 0.07 0.07 unch 0.00 0.10 0.04 0.09 0.08 0.09 + 0.01 0.11 0.06 0.14 0.00 0.12 - 0.01 0.34 0.09 0.10 0.09 0.09 - 0.01 0.27 0.06 0.05 0.05 0.05 + 0.01 0.09 0.04 0.04 0.00 0.04 - 0.00 0.07 0.03 14.17 12.70 12.77 - 1.08 17.11 11.24 0.11 0.09 0.10 - 0.01 0.24 0.07 0.08 0.00 0.07 - 0.01 0.25 0.06 0.06 0.00 0.05 + 0.00 0.21 0.05 0.72 0.55 0.56 - 0.13 0.87 0.31 0.58 0.43 0.44 - 0.12 0.70 0.24 0.00 0.00 0.02 unch 0.00 0.12 0.00 0.05 0.00 0.05 unch 0.00 0.16 0.03 0.19 0.16 0.16 - 0.02 0.43 0.06 0.14 0.13 0.14 + 0.01 0.38 0.05 1.20 1.00 1.05 - 0.10 1.34 0.24 0.06 0.05 0.06 + 0.01 0.16 0.05 0.45 0.38 0.38 - 0.01 0.78 0.27 0.35 0.29 0.30 - 0.01 0.64 0.22 15.34 12.60 12.77 - 1.88 17.17 8.85 0.50 0.37 0.37 - 0.09 0.52 0.29 0.65 0.46 0.49 - 0.12 0.67 0.39 0.00 0.00 0.11 unch 0.00 0.12 0.07 1.08 0.83 0.87 - 0.21 1.20 0.53 0.87 0.65 0.70 - 0.17 0.98 0.41 0.18 0.00 0.16 - 0.01 0.25 0.09 0.00 0.00 0.09 unch 0.00 0.09 0.09 0.14 0.14 0.14 - 0.00 0.32 0.11 0.19 0.17 0.18 unch 0.00 0.39 0.14 0.07 0.06 0.06 unch 0.00 0.11 0.02 0.05 0.05 0.05 unch 0.00 0.11 0.01 0.05 0.00 0.05 unch 0.00 0.10 0.04 0.18 0.15 0.17 - 0.01 0.38 0.10 0.14 0.12 0.13 - 0.01 0.30 0.08 3.95 0.00 3.76 - 0.02 4.09 2.03 73.99 65.53 66.14 - 6.65 83.29 54.92 0.11 0.11 0.11 - 0.01 0.49 0.09 0.14 0.13 0.14 + 0.01 0.27 0.11 0.40 0.32 0.32 - 0.05 0.63 0.25 0.31 0.25 0.28 - 0.02 0.53 0.19 0.20 0.00 0.17 - 0.03 1.36 0.12 0.04 0.00 0.04 - 0.01 0.07 0.03 0.27 0.21 0.23 - 0.02 0.36 0.17 0.21 0.17 0.17 - 0.03 0.30 0.13 0.10 0.08 0.08 unch 0.00 0.18 0.07 0.08 0.06 0.08 + 0.02 0.15 0.01 0.12 0.11 0.11 - 0.01 0.34 0.07 0.10 0.03 0.10 + 0.01 0.15 0.00 0.13 0.12 0.12 unch 0.00 0.21 0.09 0.11 0.09 0.09 - 0.01 0.22 0.07 0.00 0.00 0.01 unch 0.00 0.03 0.01 0.10 0.00 0.09 + 0.01 0.16 0.08 0.88 0.81 0.87 + 0.05 0.95 0.37 24.58 22.17 22.31 - 1.79 24.58 14.19 31.00 28.22 28.38 - 2.02 31.00 18.08 0.09 0.00 0.09 - 0.01 0.19 0.07 0.35 0.28 0.29 - 0.06 0.58 0.22 0.30 0.21 0.23 - 0.05 0.46 0.17 0.79 0.70 0.70 - 0.07 5.58 0.55 0.64 0.57 0.58 - 0.03 4.45 0.46 0.78 0.00 0.71 + 0.12 1.12 0.50 0.30 0.00 0.30 + 0.01 0.60 0.25 0.01 0.01 0.01 + 0.00 0.50 0.01 11.00 9.88 10.50 + 0.40 18.00 0.08 0.15 0.11 0.13 - 0.01 0.39 0.11 0.18 0.14 0.16 - 0.02 0.51 0.14 0.01 0.00 0.01 unch 0.00 0.06 0.01 0.25 0.00 0.24 + 0.01 0.37 0.13 0.31 0.28 0.30 unch 0.00 0.49 0.17 0.03 0.02 0.03 unch 0.00 0.08 0.02 0.16 0.16 0.16 unch 0.00 0.23 0.13 0.23 0.00 0.21 - 0.01 0.31 0.19 1.11 1.00 1.05 - 0.03 3.56 1.03 1.39 1.31 1.33 - 0.06 4.05 1.32 0.06 0.05 0.05 + 0.00 1.00 0.01 0.07 0.06 0.07 unch 0.00 0.09 0.04 0.30 0.26 0.26 - 0.02 0.35 0.08 0.25 0.20 0.21 - 0.01 0.31 0.12 1.51 1.33 1.33 - 0.09 2.31 1.08 1.20 1.05 1.05 - 0.09 1.92 0.83 0.29 0.21 0.26 + 0.05 0.78 0.21 0.23 0.16 0.21 + 0.04 1.00 0.16 0.12 0.00 0.12 unch 0.00 0.44 0.08 0.14 0.13 0.13 - 0.02 0.30 0.11 0.12 0.10 0.11 - 0.02 0.30 0.09 0.09 0.08 0.08 - 0.01 0.24 0.01 0.29 0.00 0.27 + 0.03 0.29 0.06 0.14 0.00 0.13 + 0.02 0.32 0.10 0.12 0.07 0.12 + 0.05 0.26 0.07 0.07 0.05 0.06 - 0.01 0.25 0.02 0.09 0.00 0.09 - 0.01 0.22 0.07 0.39 0.35 0.35 - 0.03 0.50 0.28 0.31 0.28 0.28 - 0.03 0.41 0.21 0.25 0.00 0.25 + 0.01 0.45 0.22 0.23 0.23 0.23 unch 0.00 0.28 0.19 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.11 0.09 0.09 - 0.02 0.28 0.08 0.09 0.07 0.07 - 0.01 0.23 0.06 0.38 0.31 0.32 - 0.04 0.58 0.15 0.31 0.25 0.25 - 0.03 0.44 0.12 0.48 0.38 0.45 - 0.01 0.90 0.24 0.68 0.63 0.65 + 0.02 0.69 0.39 0.83 0.75 0.79 - 0.02 0.99 0.50 0.18 0.00 0.16 - 0.02 0.30 0.16 0.09 0.09 0.09 unch 0.00 0.21 0.00 0.13 0.11 0.11 - 0.01 0.28 0.08 1.22 0.98 1.00 - 0.12 1.41 0.62 1.54 1.26 1.28 - 0.13 1.71 0.80

Week

Exc Volume

Sun Peak Metal Sun Summit Sun Summit* Suncor Energy* Suncor Energy Superior Gold* Superior Gold Superior Mng Superior Mng* Surge Battery* Surge Battery Surge Copper Surge Copper* Sylla Gold Syrah Res*

High

Low

12-month

Last

Change

High Low

V 83 V 496 O 30 N 26074 T 29674 O 154 V 898 V 157 O 46 O 709 V 380 V 1000 O 346 V 105 O 1037

0.25 0.00 0.23 unch 0.00 0.42 0.20 0.40 0.36 0.36 - 0.04 1.35 0.37 0.31 0.31 0.31 unch 0.00 1.09 0.30 35.09 32.16 32.30 - 1.46 35.09 17.10 43.83 40.90 41.10 - 1.47 43.83 21.90 0.93 0.77 0.77 - 0.11 0.94 0.35 1.17 0.97 0.97 - 0.14 1.20 0.45 0.32 0.26 0.30 + 0.03 0.80 0.25 0.25 0.21 0.25 + 0.04 0.63 0.21 0.10 0.07 0.08 - 0.02 0.35 0.05 0.12 0.10 0.10 - 0.02 0.38 0.10 0.33 0.29 0.29 - 0.02 0.54 0.27 0.27 0.23 0.23 - 0.02 0.46 0.21 0.25 0.00 0.25 + 0.05 0.30 0.14 1.39 1.12 1.26 + 0.06 2.48 0.71

Taiga Gold C 88 Taiga Gold* O 2 Tajiri Res V 298 Talisker Res T 1162 Talisker Res* O 224 Talmora Diamd C 6 Talon Metals T 5501 Tanqueray Expl V 105 Tantalex Res C 592 Tanzanian Gold T 203 Tanzanian Gold* X 5542 Tarachi Gold* O 93 Tarachi Gold C 370 Taranis Res V 51 Taranis Res* O 20 Tarku Res V 55 Tarku Res* O 92 Tartisan Nick C 1108 Tartisan Nick* O 180 Taseko Mines* X 11473 Taseko Mines T 1909 TDG Gold V 160 Teck Res* N 30000 Teck Res T 23 Teck Res T 11268 Tectonic Metal* O 216 Tectonic Metal V 1084 Temas Res* O 401 Temas Res C 1088 Tembo Gold V 48 Tembo Gold* O 17 Tempus Res V 48 Teras Res V 36 Terrax Mnrls V 4106 Terrax Mnrls* O 612 Terreno Res V 176 Tesoro Mnrls* O 1 Tesoro Mnrls V 4 Teuton Res V 63 Teuton Res* O 36 Texas Mineral* O 328 Themac Res V 2 Thesis Gold V 126 Theta Gold* O 280 Thor Explor V 694 Thor Explor* O 3 Three Valley* O 304 Three Valley V 893 Thunder Mtn Gd* O 212 Thunder Mtn Gd V 0 Thunderstruck V 138 Thunderstruck* O 159 Tier One Silv V 655 Timberline Res V 265 Timberline Res* O 562 Tinka Res* O 90 Tinka Res V 338 Tintina Mines V 6 Tisdale Res V 21 Titan Mining T 305 Titan Mining* O 2 Titanium Corp V 415 TNR Gold V 796 Tocvan Venture* O 3 Tocvan Venture C 513 TomaGold V 543 Tombill Mines V 1478 Tombill Mines* O 1840 Tombstone Expl* O 8 Tonogold Res* O 2375 Torex Gold* O 134 Torex Gold T 1206 Torq Resources* O 47 Torq Resources V 126 Tower Res* O 498 Tower Res V 1922 Traction Uran* O 116 Traction Uran C 1642 Trailbreaker* O 4 Trailbreaker V 20 Trans Canada V 220 Transatlantic* O 189 Transatlantic V 18 Transforma Res V 0 Transition Met V 81 Transition Met* O 104 Treasury Metal T 582 Treasury Metal* O 172 Trecora Res* N 146 Tres-Or Res* O 0 Tres-Or Res V 0 Trevali Mining T 5305 Tri-River Vent V 0 Trident Gold V 1 Trifecta Gold* O 177 Trifecta Gold V 207

0.26 0.26 0.26 unch 0.00 0.27 0.14 0.02 0.02 0.02 unch 0.00 0.24 0.00 0.07 0.00 0.07 + 0.01 0.12 0.05 0.28 0.24 0.26 + 0.01 0.38 0.24 0.21 0.19 0.21 + 0.01 0.31 0.19 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.79 0.69 0.70 - 0.05 0.89 0.44 7.80 6.80 7.36 + 0.21 20.20 4.52 0.10 0.09 0.09 - 0.01 0.19 0.05 0.43 0.40 0.40 + 0.01 0.75 0.37 0.34 0.31 0.32 + 0.01 0.60 0.29 0.12 0.12 0.12 - 0.00 0.35 0.11 0.15 0.14 0.14 - 0.01 0.41 0.14 0.12 0.09 0.10 + 0.01 0.14 0.08 0.10 0.07 0.09 + 0.02 0.11 0.07 0.09 0.00 0.08 - 0.01 0.16 0.05 0.07 0.06 0.07 + 0.00 4.84 0.01 0.48 0.44 0.47 + 0.03 0.56 0.30 0.38 0.35 0.37 + 0.02 0.50 0.10 2.36 1.98 2.01 - 0.23 2.67 1.49 2.97 2.53 2.55 - 0.28 3.22 1.92 0.52 0.48 0.50 + 0.02 0.75 0.38 44.93 37.04 37.24 - 5.92 44.93 19.32 62.75 54.00 54.60 - 3.91 62.75 28.70 56.67 47.13 47.40 - 7.06 56.67 24.84 0.06 0.05 0.05 + 0.00 0.15 0.04 0.07 0.06 0.06 - 0.01 0.18 0.05 0.08 0.05 0.08 + 0.01 1.15 0.05 0.11 0.08 0.11 + 0.02 1.38 0.08 0.29 0.00 0.27 - 0.02 0.36 0.10 0.23 0.21 0.21 - 0.01 0.24 0.09 0.09 0.00 0.08 unch 0.00 0.28 0.07 0.03 0.00 0.03 - 0.01 0.06 0.02 0.26 0.23 0.23 - 0.01 0.30 0.16 0.20 0.18 0.18 - 0.01 0.25 0.13 0.03 0.00 0.03 unch 0.00 0.06 0.02 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.05 0.00 0.05 unch 0.00 0.06 0.03 2.19 2.02 2.04 - 0.03 2.99 1.74 1.80 1.58 1.60 - 0.10 2.49 1.36 2.12 1.92 1.96 - 0.15 2.70 1.30 0.08 0.00 0.08 + 0.01 0.12 0.06 2.36 1.95 2.12 - 0.14 3.08 1.10 0.16 0.06 0.09 - 0.07 0.25 0.06 0.35 0.31 0.32 + 0.02 0.45 0.20 0.26 0.25 0.26 + 0.00 1.00 0.17 0.05 0.04 0.04 - 0.00 0.82 0.02 0.06 0.05 0.06 unch 0.00 1.02 0.03 0.15 0.00 0.13 + 0.02 0.19 0.06 0.00 0.00 0.10 unch 0.00 0.19 0.10 0.08 0.00 0.08 unch 0.00 0.13 0.06 0.06 0.06 0.06 unch 0.00 0.09 0.04 0.66 0.61 0.63 + 0.01 1.90 0.53 0.37 0.29 0.29 - 0.07 0.39 0.15 0.35 0.24 0.24 - 0.03 0.35 0.11 0.18 0.00 0.15 - 0.02 0.24 0.11 0.22 0.20 0.20 - 0.02 0.28 0.14 0.06 0.00 0.06 + 0.01 0.08 0.03 0.40 0.00 0.40 unch 0.00 0.70 0.02 0.79 0.73 0.73 - 0.01 0.79 0.28 0.63 0.00 0.63 + 0.13 0.74 0.07 1.60 1.50 1.50 - 0.01 2.00 0.20 0.07 0.06 0.06 unch 0.00 0.08 0.04 0.75 0.00 0.73 + 0.13 1.18 0.60 0.97 0.84 0.95 + 0.12 1.67 0.67 0.07 0.06 0.06 unch 0.00 0.08 0.05 0.07 0.00 0.06 - 0.01 0.29 0.06 0.06 0.04 0.05 - 0.00 0.35 0.04 1.25 0.73 1.11 - 0.15 2.80 0.51 0.14 0.13 0.13 - 0.01 0.22 0.09 13.00 11.44 11.50 - 1.32 15.52 8.99 16.44 14.51 14.61 - 1.55 18.72 11.79 0.67 0.60 0.66 + 0.03 0.86 0.43 0.82 0.78 0.82 + 0.02 1.08 0.55 0.26 0.17 0.17 - 0.09 0.27 0.03 0.33 0.21 0.23 - 0.10 0.33 0.04 0.45 0.30 0.39 - 0.09 1.00 0.30 0.58 0.42 0.44 - 0.15 1.08 0.20 0.23 0.00 0.23 + 0.00 0.38 0.14 0.28 0.00 0.26 - 0.02 0.49 0.17 0.07 0.00 0.07 + 0.01 0.26 0.06 0.02 0.02 0.02 - 0.00 0.04 0.02 0.02 0.00 0.02 unch 0.00 0.05 0.02 0.00 0.00 0.07 unch 0.00 0.25 0.06 0.17 0.14 0.14 - 0.02 0.22 0.13 0.13 0.11 0.12 - 0.01 0.20 0.07 0.69 0.62 0.62 - 0.05 0.98 0.62 0.55 0.49 0.49 - 0.04 0.93 0.47 8.65 8.18 8.20 - 0.20 9.38 7.46 0.08 0.08 0.08 unch 0.00 0.11 0.06 0.00 0.00 0.08 unch 0.00 0.16 0.07 1.64 1.10 1.11 - 0.78 2.75 1.11 0.00 0.00 0.04 unch 0.00 0.04 0.04 0.10 0.00 0.10 + 0.01 0.12 0.09 0.20 0.06 0.08 + 0.01 0.24 0.00 0.09 0.07 0.08 unch 0.00 0.13 0.06

(100s) Stock

Week

Exc Volume

Trillium Gold Trillium Gold* Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley* Triple Flag TriStar Gold TriStar Gold* Triumph Gold* Triumph Gold Troilus Gold* Troilus Gold Troubadour Res TRU Precious* TRU Precious True North Gem Tsodilo Res Tudor Gold Tudor Gold * Turmalina Met Turmalina Met* Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tymbal Res

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

High

432 128 98 625 37 17 100 86 182 95 84 227 145 683 41 251 407 1 2 273 130 154 197 2990 1852 588 419 7

Low

Last

12-month Change

High Low

0.46 0.40 0.41 - 0.06 1.40 0.41 0.36 0.31 0.33 - 0.04 1.20 0.33 1.54 1.37 1.41 - 0.10 3.70 1.13 1.22 1.07 1.11 - 0.09 3.06 0.87 0.17 0.16 0.17 + 0.00 0.21 0.08 0.20 0.00 0.20 unch 0.00 0.75 0.00 0.10 0.09 0.09 - 0.01 0.10 0.09 20.78 18.95 19.75 - 0.89 20.83 10.50 0.21 0.17 0.19 + 0.01 0.31 0.14 0.17 0.14 0.16 + 0.01 0.25 0.11 0.08 0.07 0.08 + 0.01 0.19 0.07 0.11 0.09 0.11 + 0.01 0.23 0.09 0.71 0.66 0.67 - 0.02 1.22 0.52 0.91 0.83 0.83 - 0.05 1.31 0.66 0.15 0.00 0.14 - 0.05 0.74 0.14 0.14 0.11 0.11 - 0.02 0.41 0.02 0.17 0.14 0.14 - 0.03 0.52 0.11 0.00 0.00 0.10 unch 0.00 0.17 0.08 0.54 0.00 0.54 - 0.03 1.46 0.50 1.98 1.80 1.80 - 0.15 3.16 1.84 1.71 1.41 1.42 - 0.15 2.64 1.31 0.59 0.50 0.50 - 0.01 1.13 0.34 0.47 0.40 0.40 - 0.02 0.98 0.27 29.97 28.22 28.66 - 0.90 30.89 9.75 37.86 35.73 36.44 - 0.86 38.91 12.15 0.04 0.00 0.04 + 0.01 0.06 0.03 0.03 0.02 0.03 unch 0.00 0.06 0.02 0.02 0.00 0.01 unch 0.00 0.03 0.01

U-V U.S. Gold* D 415 U3O8 Corp V 42 Ubique Mineral C 6 UC Res* O 2439 Ucore Rare Mtl* O 314 Ucore Rare Mtl V 182 UEX Corp T 8702 Ultra Resource* O 106 Ultra Resource V 346 Umbral Enrgy* O 209 Unigold* O 117 Unigold V 111 United Battery* O 279 United Battery C 280 United Res Hdg* O 123 United States A* X 1672 United States S* N 67587 Universal Cop* O 34 Universal Cop V 681 Universal Vent V 56 Ur-Energy* X 12237 Ur-Energy T 1774 Uragold Bay Rs V 516 Uranium Energy* X 87139 Uranium Hunter* O 2184 Uranium Res* X 26314 Uranium Roylty V 989 Uranium Roylty* D 4149 Uravan Mnrls V 136 USCorp* O 223 Usha Res* O 44 Usha Res V 483 Val-d’Or Mg V 75 Val-d’Or Mg* O 23 Vale* N 159422 ValOre Metals* O 299 ValOre Metals V 328 Valorem Res C 1163 Valterra Res* O 3 Valterra Res V 1 Vanadian Enrgy* O 78 Vanadian Enrgy V 165 Vanadiumcorp V 263 Vanstar Mng Rs* O 271 Vanstar Mng Rs V 313 Vantex Res V 0 Vatic Vent V 60 Velocity Mnrls V 74 Velocity Mnrls* O 2 Vendetta Mng V 3332 Vendetta Mng* O 1348 Venerable Vent V 0 Venture Mnrls* O 821 Verde Potash T 2446 Verde Res* O 390 Vertical Expl V 596 Victoria Gold* O 188 Victoria Gold T 1570 Victory Nickel C 1105 Victory Nickel* O 85 Victory Res C 621 Victory Res* O 130 Virginia Enrgy V 253 Virginia Enrgy* O 141 Viscount Mng V 481 Visible Gold M V 292 Visible Gold M* O 84 Vision Lithium V 3612 Vision Lithium* O 582 Visionary Gold V 91 Vista Gold* X 1516 Vista Gold T 68 Viva Gold* O 84 Viva Gold V 30 Vizsla Copper V 519 Vizsla Silver V 1367 Volatus Cap C 2 Volcanic Gold* O 29 Volcanic Gold V 570 Volt Carbon* O 125 Volt Carbon V 173 Voyager Metals V 196 Voyager Metals* O 50

6.67 0.31 0.10 4.45 0.65 0.81 0.42 0.29 0.38 0.06 0.09 0.12 0.35 0.44 0.04 0.51 38.36 0.09 0.10 4.46 1.85 2.31 0.48 6.47 0.03 1.83 5.51 4.41 0.25 0.01 0.28 0.30 0.14 0.13 19.50 0.46 0.57 0.03 0.02 0.03 0.04 0.06 0.18 0.30 0.39 0.00 0.25 0.30 0.24 0.08 0.07 0.00 0.05 11.49 0.13 0.08 11.84 14.80 0.03 0.02 0.06 0.05 0.67 0.55 0.37 0.19 0.25 0.18 0.14 0.08 1.08 1.35 0.10 0.12 0.22 2.48 0.00 0.28 0.34 0.11 0.13 0.19 0.15

5.71 0.25 0.09 3.61 0.60 0.75 0.34 0.24 0.30 0.04 0.08 0.00 0.32 0.41 0.03 0.45 33.44 0.06 0.00 3.40 1.44 1.84 0.42 4.46 0.02 1.34 4.54 3.58 0.00 0.01 0.20 0.28 0.00 0.11 16.61 0.37 0.48 0.02 0.02 0.00 0.03 0.00 0.13 0.27 0.36 0.00 0.25 0.00 0.23 0.07 0.05 0.00 0.04 9.26 0.03 0.00 10.89 13.86 0.02 0.02 0.05 0.00 0.56 0.44 0.32 0.00 0.13 0.14 0.11 0.00 0.98 1.25 0.09 0.00 0.17 2.29 0.00 0.03 0.28 0.09 0.00 0.00 0.03

5.95 0.25 0.10 + 3.65 0.60 0.76 0.34 0.25 0.32 0.06 unch 0.08 0.11 0.33 + 0.42 + 0.04 0.46 33.59 0.07 0.09 + 3.50 1.45 1.86 0.43 4.53 0.02 + 1.35 4.64 3.65 0.17 0.01 0.25 + 0.30 + 0.14 0.11 16.70 0.37 0.49 0.03 unch 0.02 unch 0.03 unch 0.04 0.05 0.15 0.27 0.36 0.19 unch 0.25 unch 0.29 + 0.23 0.07 + 0.06 + 0.12 unch 0.04 + 9.62 + 0.08 0.07 11.00 13.99 0.02 unch 0.02 0.05 0.04 unch 0.57 0.44 0.34 0.18 + 0.13 0.15 0.11 0.07 0.98 1.27 0.09 0.12 + 0.17 2.30 0.05 unch 0.24 0.28 0.09 0.12 0.17 unch 0.04 -

0.22 13.20 5.83 0.04 0.70 0.11 0.01 0.10 0.03 0.55 24.60 3.87 0.04 1.21 0.55 0.04 1.49 0.71 0.08 0.60 0.28 0.03 0.34 0.11 0.02 0.45 0.13 0.00 0.12 0.03 0.01 0.26 0.07 0.01 0.32 0.09 0.01 0.90 0.06 0.01 1.07 0.38 0.00 0.25 0.01 0.04 1.15 0.37 3.45 39.25 17.98 0.00 0.15 0.01 0.01 0.15 0.06 0.84 8.25 3.15 0.39 2.15 1.01 0.45 2.72 1.27 0.05 1.05 0.28 1.87 6.60 1.89 0.00 0.08 0.01 0.29 5.70 1.35 0.86 7.31 2.75 0.72 5.95 2.25 0.09 0.65 0.22 0.00 0.07 0.01 0.03 0.34 0.15 0.01 0.40 0.18 0.02 0.21 0.11 0.02 0.29 0.03 2.78 23.18 11.16 0.07 0.50 0.16 0.05 0.63 0.22 0.00 0.44 0.02 0.00 0.06 0.02 0.00 0.07 0.02 0.00 0.10 0.03 0.01 0.13 0.04 0.11 0.65 0.13 0.02 0.95 0.28 0.02 1.15 0.36 0.00 0.30 0.16 0.00 0.31 0.15 0.01 0.50 0.28 0.00 0.41 0.22 0.01 0.08 0.04 0.01 0.07 0.01 0.00 0.13 0.12 0.00 0.12 0.03 0.29 11.49 0.88 0.05 0.27 0.02 0.01 0.20 0.06 0.45 18.50 10.25 0.46 22.54 13.10 0.00 0.07 0.01 0.00 0.06 0.00 0.01 0.14 0.05 0.00 0.11 0.04 0.06 0.98 0.18 0.07 0.79 0.14 0.01 0.55 0.33 0.01 0.21 0.07 0.01 0.25 0.00 0.03 0.34 0.10 0.03 0.27 0.07 0.01 0.24 0.06 0.08 1.40 0.59 0.06 1.72 0.77 0.00 0.26 0.06 0.01 0.33 0.08 0.04 0.70 0.15 0.09 3.45 1.74 0.00 0.17 0.05 0.01 0.55 0.03 0.04 0.67 0.28 0.01 0.19 0.06 0.01 0.24 0.08 0.00 0.36 0.11 0.11 0.32 0.00

(100s) Stock

Exc Volume

Voyageur Min Voyageur Min* Voyageur Min Voyageur Min* VR Resources* VR Resources Vulcan Mnrls* Vulcan Mnrls VVC Expl VVC Expl*

V O C O O V O V V O

694 14 175 25 236 236 40 511 230 172

Week

12-month

High

Low

Last

Change

0.12 0.35 0.43 0.10 0.28 0.34 0.23 0.28 0.17 0.14

0.00 0.35 0.00 0.10 0.20 0.31 0.00 0.24 0.00 0.12

0.10 - 0.02 0.35 unch 0.00 0.39 - 0.01 0.10 unch 0.00 0.26 + 0.02 0.33 + 0.01 0.19 - 0.04 0.24 - 0.04 0.16 - 0.03 0.12 - 0.02

High Low

0.20 0.36 0.50 0.25 0.55 0.68 0.80 0.42 0.30 0.50

0.08 0.24 0.30 0.03 0.20 0.25 0.10 0.15 0.09 0.07

W-Z Walker River V 2167 Walker River* O 1696 Wallbridge Mng* O 1021 Wallbridge Mng T 5571 Waraba Gold C 1 Warrior Gold V 39 Waseco Res V 42 Wealth Mnrls* O 515 Wealth Mnrls V 258 Wedgemount ResC 62 Wescan Gldflds* O 6 Wescan Gldflds V 10 Wesdome Gold T 1618 Wesdome Gold* O 636 West High Yld V 525 West Mining* O 159 West Mining C 338 West Oak Gold C 2 West Red Lake* O 86 West Red Lake C 54 West Vault V 36 Western Alaska V 200 Western Areas* O 5 Western Atlas V 91 Western Atlas* O 0 Western Copper T 1399 Western Copper* X 2315 Western Gold V 5 Western Mag* O 1578 Western Mag V 739 Western Potash T 214 Western Res* O 40 Western Troy C* O 0 Western Troy C V 0 Western U&V C 529 Western U&V* O 380 Westgold Res* O 2 Westhaven Gold V 655 Westhaven Gold* O 168 Westkam Gold* O 5 Westkam Gold V 23 Westminster Rs V 251 Westward Gold C 347 Wheaton Prec T 5352 Wheaton Prec* N 11546 White Energy* O 178 White Gold* O 69 White Gold V 74 White Metal R* O 50 White Metal Rs V 55 White Mtn Engy* O 378 Whitehaven Coa* O 159 Whitehorse GC V 110 Wildsky Res* O 0 Wildsky Res V 0 Winshear Gold V 31 Winshear Gold* O 1 Winston Gold C 372 Winston Gold* O 668 Winston Res C 536 Wolfden Res* O 43 Wolfden Res V 341 Wolfeye Res V 81 World Copper V 386 Worldwide Res V 0 X-Terra Res V 75 X-Terra Res* O 15 Xanadu Mines T 6138 Xanadu Mines* O 20 Xander Res* O 44 Xander Res V 445 Ximen Mining V 927 Ximen Mining* O 248 Xplore Res V 208 Xtierra Inc V 390 Xtra-Gold Res* O 101 Xtra-Gold Res T 85 Yamana Gold T 17442 Yamana Gold* N 115651 Yanzhou Coal* O 0 Yorbeau Res* O 95 Yorbeau Res T 419 York Harbour V 3102 York Harbour* O 2338 Zacatecas Silv V 860 Zacatecas Silv* O 696 ZEB Nickel V 139 Zena Mining V 0 Zephyr Mnls V 218 Zephyr Mnls* O 35 Zimtu Capital V 18 Zinc One Res V 1 Zinc One Res * O 50 Zincore Mtls V 0 ZincX Res V 292 ZincX Res* O 51 Zonte Metals V 34

0.09 0.08 0.08 - 0.01 0.14 0.04 0.07 0.05 0.06 - 0.02 0.14 0.01 0.31 0.26 0.27 - 0.03 0.58 0.23 0.39 0.33 0.34 - 0.05 0.67 0.31 0.00 0.00 0.14 unch 0.00 0.21 0.01 0.06 0.00 0.06 unch 0.00 0.09 0.05 0.04 0.00 0.03 - 0.01 0.06 0.03 0.28 0.23 0.24 - 0.01 0.56 0.19 0.35 0.28 0.31 unch 0.00 0.70 0.24 0.25 0.20 0.25 unch 0.00 0.79 0.16 0.08 0.06 0.06 - 0.02 0.10 0.05 0.10 0.00 0.07 - 0.04 0.12 0.06 15.45 13.41 13.48 - 1.77 16.77 8.90 12.41 10.55 10.59 - 1.47 13.23 7.20 0.62 0.53 0.54 - 0.08 1.22 0.15 0.08 0.07 0.07 - 0.01 0.32 0.05 0.09 0.00 0.09 - 0.01 0.38 0.08 0.15 0.15 0.15 unch 0.00 0.19 0.11 0.05 0.04 0.05 - 0.00 0.07 0.04 0.06 0.06 0.06 unch 0.00 0.09 0.05 1.25 0.00 1.21 - 0.03 1.46 0.90 1.75 1.46 1.48 - 0.12 1.91 0.70 2.96 0.00 2.81 + 0.01 2.96 1.59 0.06 0.00 0.06 - 0.02 0.13 0.05 0.04 0.04 0.04 unch 0.00 0.09 0.04 3.00 2.41 2.43 - 0.53 3.35 1.62 2.39 1.90 1.91 - 0.45 2.83 1.26 0.22 0.00 0.22 unch 0.00 0.42 0.14 0.34 0.28 0.30 - 0.04 0.76 0.08 0.42 0.35 0.36 - 0.05 0.96 0.11 0.42 0.36 0.36 - 0.03 0.48 0.15 0.31 0.28 0.29 unch 0.00 1.88 0.07 0.00 0.00 0.15 unch 0.00 0.15 0.15 0.00 0.00 0.12 unch 0.00 0.17 0.12 2.40 1.94 2.06 - 0.34 4.18 1.15 1.91 1.53 1.64 - 0.26 3.28 0.90 1.38 0.00 1.33 - 0.03 1.75 1.15 0.63 0.59 0.59 - 0.01 0.80 0.33 0.51 0.47 0.47 + 0.00 0.66 0.27 0.10 0.10 0.10 unch 0.00 0.18 0.08 0.17 0.00 0.17 + 0.04 0.22 0.10 0.24 0.22 0.22 - 0.02 0.39 0.16 0.12 0.11 0.11 unch 0.00 0.33 0.10 65.45 60.46 61.16 - 3.54 65.45 45.76 51.91 47.00 48.10 - 3.19 51.91 36.39 0.02 0.01 0.01 - 0.00 0.12 0.01 0.50 0.47 0.47 - 0.04 0.66 0.37 0.63 0.60 0.60 - 0.03 0.85 0.45 0.05 0.05 0.05 unch 0.00 0.11 0.05 0.08 0.00 0.07 - 0.01 0.13 0.06 0.03 0.02 0.03 - 0.01 0.05 0.01 3.60 3.31 3.37 - 0.04 3.60 0.90 0.56 0.00 0.56 + 0.04 1.73 0.43 0.00 0.00 0.18 unch 0.00 0.29 0.01 0.00 0.00 0.22 unch 0.00 0.36 0.11 0.09 0.00 0.09 + 0.01 0.13 0.05 0.09 0.09 0.09 unch 0.00 0.11 0.05 0.05 0.04 0.04 - 0.01 0.13 0.04 0.04 0.03 0.03 - 0.01 0.10 0.03 0.17 0.13 0.14 - 0.02 0.68 0.13 0.22 0.20 0.21 - 0.01 0.40 0.00 0.27 0.00 0.26 + 0.01 0.36 0.15 0.22 0.18 0.19 - 0.03 0.80 0.18 0.64 0.55 0.59 - 0.02 1.05 0.29 0.00 0.00 0.04 unch 0.00 0.07 0.04 0.04 0.00 0.04 - 0.01 0.11 0.03 0.02 0.00 0.02 - 0.01 0.10 0.01 0.04 0.03 0.04 + 0.01 0.08 0.02 0.02 0.02 0.02 unch 0.00 0.05 0.00 0.06 0.06 0.06 + 0.00 0.18 0.04 0.08 0.06 0.07 - 0.01 0.23 0.06 0.18 0.16 0.17 - 0.02 0.35 0.16 0.14 0.14 0.14 - 0.00 0.29 0.12 0.07 0.00 0.07 + 0.01 0.14 0.04 0.05 0.00 0.04 unch 0.00 0.10 0.03 0.81 0.65 0.76 - 0.03 1.15 0.65 1.05 0.00 0.96 - 0.07 1.38 0.84 8.05 7.44 7.52 - 0.30 8.05 4.78 6.40 5.86 5.91 - 0.30 6.40 3.70 3.21 0.00 3.21 unch 0.00 3.35 1.13 0.05 0.05 0.05 unch 0.00 0.06 0.01 0.07 0.00 0.06 unch 0.00 0.07 0.04 1.49 1.17 1.46 + 0.41 1.49 0.25 1.25 0.95 1.14 + 0.27 1.25 0.03 1.25 1.04 1.04 - 0.16 1.33 0.52 1.01 0.82 0.84 - 0.11 2.02 0.45 0.35 0.28 0.32 + 0.03 0.75 0.16 0.00 0.00 0.18 unch 0.00 0.25 0.08 0.16 0.14 0.15 - 0.01 0.20 0.12 0.12 0.12 0.12 unch 0.00 0.17 0.10 0.26 0.00 0.24 - 0.02 0.30 0.20 0.00 0.00 0.67 unch 0.00 1.89 0.40 0.50 0.49 0.50 unch 0.00 1.27 0.01 0.00 0.00 0.05 unch 0.00 0.05 0.05 0.14 0.00 0.13 + 0.01 0.21 0.10 0.11 0.10 0.11 + 0.01 0.17 0.08 0.20 0.00 0.19 unch 0.00 0.27 0.17

BID-ASK — APRIL 18–22, 2022 12-MONTH STOCK

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

12-MONTH

EXC

BID

ASK

LAST

HIGH

LOW

STOCK

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

0.24 9.41 ... ... 0.13 0.02 0.03 0.03 0.33 0.13 0.04 ... ... 1.94 0.11 0.17 ... 0.06 ... 0.16 0.05 0.41 ... 0.20 1.45 ... 0.01 0.01 0.08 0.10 0.50 0.30 0.09 ... ... 0.12 ...

0.25 9.52 ... ... 0.25 0.03 0.03 0.04 0.40 0.14 0.06 ... ... 2.19 0.11 0.20 0.05 0.15 ... 0.17 0.06 ... ... 0.35 3.20 ... 0.02 0.02 0.08 0.10 4.00 0.59 0.10 ... 6.50 0.12 ...

0.25 9.47 0.04 0.09 0.13 0.03 0.03 0.03 0.40 0.14 0.05 0.47 0.04 2.01 0.11 0.17 0.03 0.10 0.11 0.16 0.05 0.40 0.29 0.30 1.43 3.21 0.01 0.01 0.08 0.03 2.00 0.35 0.10 0.59 2.85 0.11 0.15

0.33 10.82 0.08 0.14 0.20 0.03 0.04 0.04

0.05 3.50 0.04 0.06 0.12 0.02 0.02 0.03

0.15

0.03

0.47 0.15 2.50 2.10

0.42 0.03 0.82 0.10

0.28 0.15

0.01 0.03

0.12 0.50 0.34 0.30 7.17 3.30 0.10

0.05 0.32 0.12 0.12 0.98 1.96 0.01

0.11

0.07

1.00 0.11 0.62 9.95

0.28 0.01 0.13 2.85

4.13

0.13

General Moly* Genius Metals Gespeg Res Gldn Predator Global Cop Grp Gold Hunter Rs Goldbelt Emp Goldblock Cap Golden Cariboo GoldHaven Res Goldshore Res Green Arrow Handa Mining Highvista Gold Indico Res Inspiration Mg Intl Battery Intl Cobalt Iron South Mng K9 Gold Karora Res Kirkland Lake* Kodiak Copper Latin Metals Leo Res Lida Resources Lithium South MAG Silver* Mechel* Meryllion Res MGX Minerals Mich Resources Minecorp Egy Montana Gold Montego Res Navis Res Corp New Klondike

EXC

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

BID

... ... 0.06 0.15 0.07 0.30 0.02 ... 0.10 ... ... 0.02 0.04 ... ... ... ... 0.20 0.24 0.17 0.47 ... 0.05 0.03 ... ... 0.31 12.52 ... ... 0.05 0.37 ... 0.09 0.02 ... 0.01

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

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

0.11 0.22 0.06 0.16 0.08 0.30 0.02 0.32 0.10 0.42 0.11 0.02 0.04 0.17 0.01 0.03 0.31 0.26 0.24 0.24 0.48 38.92 0.05 0.03 1.09 0.24 0.31 12.52 2.25 0.08 0.05 0.37 0.12 0.10 0.02 0.30 0.01

100.00 0.28

0.10 0.17

0.36 0.11 0.60 0.02 0.32 0.15 0.45 1.20 0.04 0.05

0.12 0.04 0.28 0.02 0.26 0.02 0.06 0.48 0.02 0.04

0.50 0.28 0.28 0.73 46.98 0.13 0.16

0.20 0.04 0.16 0.20 31.72 0.04 0.02

0.27 0.66 14.40 5.19 0.17 0.16 0.48 0.20 0.10 0.05

0.13 0.24 6.12 1.88 0.05 0.04 0.24 0.07 0.02 0.02

Nexco Res O2Gold Orocobre Otso Gold Patriot Batt Phenom Res Pivit Explor Primary Energy Prismo Metals Prospero Silvr Quaterra Res Quinto Res Raindrop Vent Rare Element* Razore Rock Res Reliant Gold Rockland Mnls Silver Phoenix Southern Arc Southstone Min Standard Lith Supernova Met Tiger Intl Trench Metals TriMetals Mng Trinity Valley Vale* ValOre Metals Wedgemount Res Whitemud Res Winshear Gold Xiana Mng Zara Res Zinc One Res Zinco Mng

EXC

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

BID

... 0.23 ... 0.04 0.09 0.68 0.17 ... 0.20 0.55 0.15 0.05 0.49 0.11 0.11 ... 0.07 0.30 0.32 0.01 6.65 0.05 ... 0.55 0.11 ... ... 0.06 0.18 0.01 0.12 0.07 ... ... 0.05

ASK

LAST

... 0.27 ... 0.04 0.10 0.71 0.25 ... 0.28 1.18 0.17 0.07 0.49 0.16 ... 0.10 0.08 0.38 0.90 0.01 6.95 0.06 0.17 0.55 0.12 ... ... 0.07 0.25 0.02 0.14 0.08 ... ... 0.07

0.30 0.23 8.28 0.04 0.10 0.69 0.18 0.17 0.30 0.56 0.16 0.08 0.50 0.15 0.11 0.02 0.08 0.31 0.89 0.01 6.95 0.06 0.15 0.55 0.12 0.04 10.24 0.07 0.25 0.02 0.14 0.08 0.07 0.67 0.05

HIGH

LOW

0.35 0.37 9.30 0.10 0.18 0.76 0.35 0.82 0.42 1.35 0.30

0.26 0.06 3.89 0.03 0.08 0.24 0.13 0.16 0.19 0.51 0.06

1.00 0.89 0.16

0.43 0.06 0.11

0.11 0.70 0.93 0.04 6.95 0.07 0.20 0.22 0.12 0.14 11.10 0.13 0.79 0.03 0.15 0.10 0.22 1.89

0.01 0.23 0.24 0.01 1.02 0.05 0.07 0.04 0.03 0.04 6.57 0.07 0.16 0.01 0.05 0.07 0.07 0.40

WWW.NORTHERNMINER.COM

MAY 2—15, 2022 / THE NORTHERN MINER

Our global fuel supply network keeps mines running. Our unique global supply chain and terminal network in Ontario enables us to source and supply fuels from multiple sources, minimizing any dependence on specific refiners. This translates into superior supply reliability for our customers. This supply flexibility could translate to reduced equipment downtime, improved operating cost per tonne, and overall market competitiveness for your mining operation.

We also offer: •

A wide range of biodiesel blends to support your carbon reduction targets and improve air quality in underground mines by 25%*.

•

Compliance expertise that could help you save up to 5.8 cents per litre in Carbon Tax credits*.

•

Complete fuel management solutions, including tanks, tank monitoring and other related equipment.

•

In house rail expertise, if your mine is rail enabled, for improved costing and on-site fuel inventory.

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* Based on a B45 bio blend