The Northern Miner May 24 2020 Issue 11 by The Northern Miner Group

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MAY 24–JUNE 6, 2021 / VOL. 107 ISSUE 11 / GLOBAL MINING NEWS · SINCE 1915 / $5.25 / WWW.NORTHERNMINER.COM

Are surging commodity prices a sign of a new supercycle? MARKETS

Transporting iron ore by train in Western Australia. BHP

Iron ore prices hit new record OUTLOOK

| Producers are seeing exceptionally high margins

BY HENRY LAZENBY

he price for iron ore surged to a record US$237.57 per tonne on May 11 as strong Chinese demand continued to outpace supply. The record price levels are supported by a continued supply squeeze, with major iron ore producers reporting seasonally lower output in the March quarter, and growing concern over the escalating Covid-19 crisis in India, which could impact the country’s exports of the metal. “These factors, along with a recovery in ex-China demand, is expected to drive the global seaborne trade balance into a deeper deficit in 2021, with annual prices forecast to average US$153 per tonne,” Ronnie Cecil, principal analyst for metals and mining research at S&P Global Market Intelligence, tells The Northern Miner, although he notes a seasonal rise in Brazilian exports are likely to lower prices in the second half of the year. CRU Group principal analyst Erik Hedborg attributes the record price run in part to recent production cuts in the city of Tangshan in China’s northeastern Hebei province, which he says have boosted demand for higher quality ore. It has also prompted mills to build iron ore inventories as their margins are on the rise. “Iron ore producers are enjoying exceptionally high margins as well; around two-thirds of seaborne supply only require prices of US$50 per dry metric tonne to break even,” Hedborg states in a May 6 research note to clients.

So bullish is Raymond James analyst Brian MacArthur that he has increased the brokerage’s 2021 calendar price for premium iron ore with an iron content of 65% and higher to US$148 per tonne from US$138 per tonne previously. “Premium iron ore prices remain

strong and averaged about US$210 per tonne in April. In our view, the recent prices reflect ongoing strong demand supported by commitments to reduce emissions from steelmaking,” MacArthur commented in a See OUTLOOK / 7

| Some analysts say ‘not so fast’

BY HENRY LAZENBY

conomists are tracking a broad economic recovery across the globe that appears to be gathering momentum and commodity prices are trading at healthy-tostratospheric levels amid recovering demand from the Covid-19 pandemic, escalating geopolitical tension between the world’s industrial juggernaut China and key mining nations like Australia, and circumstantial supply-side issues. On May 11 iron ore prices surged to a record US$237.57 per tonne and copper broke out of a decade-long rut on May 7, as metal for delivery in July gained 3.2%, with futures trading at a record US$4.75 per lb. (US$10,470 per tonne) on the Comex market in New York, compared with the 2011 record of US$4.50 lb. (US$10,190 tonne). Unprecedented infrastructurefocused stimulus packages add a new layer of incremental demand growth to already generally bullish commodity fundamentals, and in recent quarterly conference calls the world’s mining majors boasted of record revenues, cash flow and returns to shareholders. Surging prices are leading some to believe that the market is entering a new commodity supercycle — when prices climb for years if not decades. The analogue is the largely Chinese-driven supercycle of 20022008, when the country pushed industrialization and urbanization, and its gross domestic product expanded annually at a percentage rate in the low to mid-teens. But most analysts The Northern Miner interviewed are not so sure we are there just yet, with some arguing a real supercycle is only likely to emerge in about three to five years from now as the transition to the green economy firmly takes hold. Julian Kettle, Wood Mackenzie’s senior vice president and vice-chair for metals and mining, is one of them. “Not so fast,” he says, noting that while specific commodity markets are trading above fundamentals, the fundamentals themselves don’t yet justify current prices. “We see it for a range of the commodities because you’ve had so much momentum,” he says in a telephone interview. “You always get a strong recovery following a recession. But the key question is, do we think that can be sustained going forward in terms of GDP

CIM 2021: MARK CUTIFANI ON CREATING THE FUTURE / 6

growth? And the answer is no.” “Historically, post-recovery growth is not sustained, ever. The second thing is that much of that growth we’re seeing is based on debt, which has to be repaid. Also, we’re already seeing inflation coming back into the system. And whilst central banks will allow some inflation, if commodity prices have doubled, it won’t allow that inflation to take hold. Central banks will raise rates, which subdues growth. But give it about three to five years and the energy transition will really start to take hold. Some commodities will certainly be in supercycle territory — others will be in super-slump territory.” Aurelia Britsch, head of commodities at Fitch Solutions, broadly agrees, saying commodity demand has generally just caught up with last year’s Covid-19 shocks. “Although supply and demand drivers will be positive for certain commodities such as copper, nickel and iron ore in the near term, over the coming years, an expected slowdown in Chinese growth, combined See MARKETS / 6

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GLOBAL MINING NEWS

THE NORTHERN MINER / MAY 24–JUNE 6, 2021

JOINT VENTURE ARTICLE

Onyen’s innovative software solution helps companies more easily address ESG reporting BY NORTHERN MINER STAFF

Ethical investment is flourishing but for mining companies seeking to promote their green credentials, there are pitfalls. While environmental social and governance (ESG) issues are gaining importance in the industry, finding a means of reliably preparing and publishing industry-compliant reports is complicated and expensive. This is especially true for juniors, small-cap and midsized-cap companies. For example, there are a proliferation of rating schemes and then there is the complexity of organizing data, perhaps originating in several locations, possibly across different countries. How does your company score? An objective reference range with which to measure your numbers against the ESG standards is needed. To overcome these hurdles, Onyen Corporation in Canada developed an innovative and affordable software solution for resource companies. The genesis of this software came from a series of discussions Onyen’s founder and CEO, Laurie Clark, had with colleagues in the mining industry a couple of years ago. “What I kept hearing from people in the resource sector left me wondering why things were so difficult,” Clark says. “It just seemed to me that things were so cumbersome, so complicated, so expensive and so time consuming.” Clark is an entrepreneur coming from a successful career in capital markets in which she was a technology and business development executive. Her experience with building financial trading systems, where multiplemillions of dollars worth of transactions are processed every minute, gave her pause to think that there had to be a better way of doing things in the ESG world. As she dug deeper, Clark realized that ESG reporting posed inherent obstacles for a large part of the mining industry, but most especially so for juniors and small- to mediumcap companies. This led her to realize there was a potential to bring her skillset to simplifying the situation. “The bigger companies could afford to take months to compile their ESG compliance reports, spending hundreds of thousands of dollars, or much, much more. But what about the juniors? The smaller companies? They simply couldn’t put that much time and money into it. So, I just thought this is crazy, and I knew there had to be a better way to do things.” To address the problem, Clark assembled a team intent on bringing lessons learned from the financial industry to the resource sector. The Onyen team focussed on the key issues that smaller mining companies face when trying to address ESG

compliance for rating agencies: compiling data efficiently, creating reports in a timely manner, and maintaining transparency. By the time of the March 2020 Prospectors and Developers Association of Canada (PDAC) convention in Toronto, Clark and her team were ready to unveil their new ESG solution. As it turned out, the PDAC audience was receptive. “PDAC 2020 was an eye-opener,” says Clark. “The response we received was overwhelmingly positive and confirmed the need in the industry to make ESG compliance reporting more accessible and affordable, and we were confident that our new system would do that. We worked long hours to fast track the development of a customer-ready version.”

“The bigger companies could afford to take months to compile their ESG compliance reports, spending hundreds of thousands of dollars, or much, much more. But what about the juniors?” LAURIE CLARK, CEO, ONYEN CORPORATION

By November 2020, Onyen was able to rollout their new software, which was then further enhanced prior to onboarding the first mining companies in February of 2021. At the heart of Onyen’s cloudbased software is a user-friendly interface that allows companies to generate accurate and timely reports. It comes preloaded with the standards of all the rating agencies. Onyen’s approach is based on the simple premise of the user answering basic questions, much like using an income tax filing program. Once the data requested is entered, the software does the leg work to create the ESG report. The information entered drives the types of questions needed to be asked in order to complete the report. The software reliably leads users through details such as jurisdictions involved, currencies used, employee and contractor details, environmental issues and which ratings standard the ESG report is being prepared for. The end result is an ESG report, presented in an attractive Scorecard and PDF format. It typically takes about three or four weeks from the date a company engages Onyen to the publishing of an ESG report on the company’s website. “This is even simpler than e-filing your taxes,” Clark points out. “Look, from mid-tier companies on down, they just want to get on with their core business. They don’t want to spend months putting together an ESG report. And they often aren’t able to spend a big part of their revenue on ESG, even though they realize it is now an important aspect of business. So, the approach we

Top: Onyen founder and CEO Laurie Clark. ONYEN CORPORATION Left: Screenshot from Onyen’s ESG software reporting system.

took was very basic: Onyen is like Tylenol. We alleviate your headaches. We solve your problems.” Options when using Onyen include using the application program interface (API) to connect a company’s existing systems to Onyen and then directly input the ESG information to the reporting package. Companies can do trend analysis, upload prior year’s history and monitor progress towards corporate goals. ESG data is automatically aggregated to a single executivelevel dashboard so that the CEO, the CSR or the Corporate Director can get a quick colour-coded snapshot of what they need to focus on. They can peel back layers (the onion in the name “Onyen”) of supporting data to get a full picture of ESG at their company, including areas at risk that may require greater attention or resources. Onyen ESG reporting is purchased in three flavours — standard, advanced and custom — which provide ESG reports updated

annually, quarterly or in real-time. The standard plan costs $7,500 and includes annual updates, an ESG report, an ESG scorecard, and integration to the customer website. With new customers subscribing every week, Onyen is braced for a busy year ahead. “Mining and exploration rely on innovation,” says Clark. “Our goal was to create a simple, easy to use,

efficient and affordable means to compile ESG reports. And we achieved that.” The preceding Joint Venture article is PROMOTED CONTENT sponsored by Onyen Corporation and produced in cooperation with The Northern Miner. Visit onyen.com for more information or sales@onyen.com for a demo of the Onyen ESG reporting system

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MAY 24–JUNE 6, 2021 / THE NORTHERN MINER

GLOBAL MINING NEWS · SINCE 1915

www.northernminer.com

Supercycle or bull market? EDITORIAL

| Metals sector has potential to outperform most commodities

EDITOR-IN-CHIEF: Trish Saywell, BA, MA, MSC (JOUR) tsaywell@northernminer.com MULTIMEDIA SPECIALIST: Henry Lazenby hlazenby@northernminer.com SENIOR REPORTER: Carl A. Williams, BSC (HONOURS), MSC, PHD cwilliams@northernminer.com REPORTER: Magda Gardner, BASC (MINERAL ENG) mgardner@northernminer.com REPORTER AND PRODUCTION EDITOR: Daniel Sekulich dsekulich@northernminer.com PHOTO EDITOR AND PODCAST HOST: Adrian Pocobelli, MA (ENGL) apocobelli@northernminer.com EDITOR, DIAMONDS IN CANADA: Alisha Hiyate, BA (POLI SCI, HIST) ahiyate@northernminer.com ADVERTISING: Joe Crofts (416) 510-6816 jcrofts@northernminer.com Michael Winter (416) 510-6772 mwinter@northernminer.com SUBSCRIPTION SALES/ APPOINTMENT NOTICES/ CAREER ADS George Agelopoulos (416) 510-5104 (Toll free) 1-888-502-3456, ext. 43702 gagelopoulos@northernminer.com PRODUCTION MANAGER: Jessica Jubb (416) 510-5213 jjubb@glacierbizinfo.com CIRCULATION/CUSTOMER SERVICE: (403) 209-3505 1-800-387-2446 northernminer2@northernminer.com REPUBLISHING: (416) 510-6768 moliveira@northernminer.com ADDRESSES: Toronto Head Office: 225 Duncan Mill Road, Suite 320 Toronto, ON, M3B 3K9 (416) 510-6789 tnm@northernminer.com SUBSCRIPTION RATES: Canada: C$120.00 one year; 5% G.S.T. to CDN orders. 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.: US$120.00 one year Foreign: US$157.00 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

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

| To deliver a mine, expect the worst

Special to The Northern Miner

oaring prices this month for copper and iron ore are leading some people to think that we are on the verge of a new supercycle. But as our new reporter Henry Lazenby reports in this week’s issue, conversations with analysts suggest we aren’t there yet and prices are likely to taper. BY TRISH SAYWELL “We expect the impact of recovery optimism on metals prices to wane into 2022, as economies normalize activity post the Covid-19 crisis,” Ronnie Cecil, principal analyst for metals and mining research at S&P Global Market Intelligence told Lazenby. “Currently, we do not feel that the recent sharp price increases seen for iron ore and copper mark the dawn of a new supercycle.” While we may not be in the early stages of a supercycle or even heading that way, we are certainly in the midst of a bull market the likes of which our industry hasn’t seen for many years, and demand for certain metals — particularly metals important to future technologies (MIFTs) and those used in energy storage and transmission for the switch to cleaner energy sources — suggest that the ‘good times’ are likely to stick around for a while. “The metals sector has the greatest potential to continue outperforming most commodities as we see it, particularly in the longer term,” Mike McGlone, a senior commodity strategist at Bloomberg, wrote in the May edition of the Bloomberg Commodity Outlook 2021 released at the end of April. “In a world of accelerating electrification and decarbonization, we see copper as a top commodity candidate for sustained price appreciation ... The trend in industrial metals outperforming energy is set to speed up with the U.S. joining others focused on a greener future.” Goldman Sachs’ talk last month of copper as the “new oil” and its prediction that the metal will hit US$6.80 per lb. (US$15,000 per tonne) by 2025, buttresses this opinion, while Leigh Goehring and Adam Rozencwajg, managing partners of Goehring & Rozencwajg Associates, expect copper to “potentially peak near US$15 per pound by the latter part of this decade.” (They also pointed out that in the copper bull market of 2001 to 2011, the metal rose from US60¢ per lb. to $4.62 per lb., before sinking back to US$1.95 per lb. in 2016.) “Our models strongly suggest copper mine supply growth will grind to a halt this decade,” they warned in their first quarter report, pointing to declining world-class discoveries coming on line, depletion problems at existing mines, and “geological constraints surrounding copper porphyry deposits, a subject few analysts and investors understand,” that will “contribute to the problems.” “Stagnating copper mine supply, already colliding with strong demand, will push copper prices far higher than anyone suspects,” they continued. “Our research strongly suggests that supply growth, which has been minimal since 2016, will continue to disappoint.” Almost 80% of the industry’s gross new reserves that were booked between 2001 and 2014, they said, “came not from new discoveries, nor from finding new copper zones within, alongside, or beneath existing deposits,” but rather “from re-classifying what had been considered waste rock into minable ore — a process known in the industry as ‘lowering the cut-off grade’.” While new projects like Kamoa/Kakula in the Democratic Republic of the Congo and the block-cave at the Oyu Tolgoi mine in Mongolia, “will likely serve to offset depletion,” they conceded, “it seems difficult to see how reserves and production can grow materially” given “the huge slowdown in discoveries, the weak reserve additions over the past decade, and the inability to add reserves by lowering the cut-off grade.” Meanwhile, analysts at Bank of America say they “expect especially the base metals to rally further from here,” and on May 11 raised their price forecasts for copper, nickel, aluminum, lead, and zinc. The bank now forecasts copper will average US$4.80 per lb. (US$10,572 per tonne) in 2021, up 12.7% from its previous forecast of US$4.26 per lb. (US$9,381 per tonne), and rise a further 32.5% next year to US$5.78 per lb. (US$12,750 per tonne), up from its earlier forecast of US$4.37 per lb. (US$9,625 per tonne). “Copper demand is getting stronger ex-China and decarbonisation will likely lift potential consumption growth by 50bp medium-term; this is significant considering the lack of mine capex,” the bank said in a report. “The red metal should rally to US$13,000 per tonne (US$5.90 per lb.) in the coming eighteen months.” As for nickel, BofA is expecting it to climb to US$7.92 per lb. (US$17,456 per tonne) this year before falling to US$6.92 per lb. (US$15,250 per tonne) in 2022; while zinc it says will average US$1.35 per lb. (US$2,976 per tonne) in 2021 before slipping to US$1.25 per lb. (US$2,750 per tonne) in 2022. “Nickel is also a MIFT but is handicapped by production increases in Indonesia,” the BofA states, while zinc “could push higher still as the project pipeline is relatively empty.” The analysts forecast aluminum will average US$1.11 per lb. (US$2,455 per tonne) this year and US$1.30 per lb. (US$2,875) in 2022 and expect the metal “to hit new all-time highs at +US$3,500 per tonne (US$1.59 per lb.),” while lead will average US94¢ (US$2,072 per tonne) this year and rise to US$1.02 per lb. (US$2,251 per tonne) next year. When it comes to bulk commodities, BofA has raised its price forecast on iron ore fines this year to US$172 per tonne cif, up 27.5% from its previous forecast of US$135 per tonne, and expects prices will average US$144 per tonne next year, up from US$110 per tonne, or 30.7%. If that’s not a bull market, I don’t know what is. TNM

Editorial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

COLUMN

BY DR. CHRIS HINDE

GROUP PUBLISHER/ PUBLISHER: Anthony Vaccaro, CFA, MBA avaccaro@northernminer.com

THE VIEW FROM ENGLAND

emorable corporate and political anniversaries are front of mind at the moment, as is an historic expedition with a valuable lesson for risk assessors everywhere. Newmont recently celebrated its 100th anniversary of incorporation. Colonel William Thompson had founded Newmont Company (an amalgamation of New York and Montana) in 1916 to hold his investments, and incorporated the enterprise five years later. The first shares in Newmont were traded publicly in 1925. Since then the company has done rather well. Newmont’s 10th CEO, Tom Palmer, noted that it now has 14,000 employees and a market capitalisation of more than US$51 billion. The day after Newmont’s incorporation, and on the other side of the Atlantic, Northern Ireland was separated politically from the rest of the island of Ireland on May 3, 1921. The Irish state had come into being in 1916 as the 32-county Irish Republic, but the majority of the population in the six counties of the historic northern province of Ulster wanted to remain within the United Kingdom. (This term dates back to 1801 following an Act of Union between Ireland and Great Britain, the latter comprising England, Scotland and Wales.) The remaining 26 counties became the Irish Free State in 1922, and the Republic of Ireland in 1937. The unionists of Northern Ireland are generally the descendants of Protestant colonists from Great Britain who had replaced the native Catholic, Irish-speaking, Gaels. England had conquered Ireland in the 16th century, and Ulster was the province that offered the greatest resistance. Following the Battle of Kinsale, many of the Ulster lords fled to mainland Europe and their confiscated lands were settled by English-speaking Protestants. The defeat of further Irish rebellions in the second half of the 17th century was followed by a migration of Scots Protestants to Ulster during the Scottish famine of the 1690s. Another recent celebration in Europe marked the 500th anniversary of the death of Ferdinand Magellan. The Portuguese aristocrat has gone down in history as the first person to circumnavigate the planet, even though he died in the middle of the journey. Magellan had left Spain in September 1519 with five vessels, manned by a multi-national, 270-strong crew. In November 1520, after a gruelling journey (including putting down a mutiny and wrecking a ship), Magellan discovered a route around the southern tip of South America to the ‘Mare Pacificum’ (Peaceful Sea), albeit with the loss of another ship. On April 27, 1521, Magellan was speared while leading a pointless invasion of the island of Mactan in the Philippines. He had already become, however, the first European to lead a voyage into the Pacific Ocean, and one of his ships (captained by Juan Sebastián Elcano) eventually arrived back in Sanlúcar

(three years after it had departed). The other four ships had been lost, and only 18 of the original crew survived. Magellan is famous but his expedition is a useful demonstration of Murphy’s Law, namely that if things can go wrong, they will go wrong. Murphy is the most common surname in Ireland, but this wellknown ‘law’ was coined by an American engineer in the U.S. Air Force, Edward Murphy, shortly after WWII. Mining has much to learn from Magellan and Murphy; when planning anything, assume if something can go wrong, it will, and usually at the most inopportune time. With regard to risk assessment, if several things can go wrong, it will be the one that you would least like to happen. Murphy’s Law is particularly valuable for studies into whether an ore reserve can be economically mined. Some 21 months ago (mid-August 2019), McKinsey published a report on ‘Optimizing mining feasibility studies.’ The five authors noted: “With mining and metals projects becoming increasingly complex, more rigorous feasibility studies help prevent cost and schedule overruns, and maximize value.” The report concluded: “Several common issues tend to erode value in mining projects, ranging from inadequate design to insufficient supervision. But one issue is persistently under-addressed: a lack of rigour at the feasibility-study stage.” McKinsey said, “Many mining executives still rely on the same feasibility-study processes they did years ago, when resources were more accessible and projects less risky to plan and execute.” In a damning statement, the report concluded, “It is clear that the methodology of years past simply won’t suffice; when we studied the financial statements of more than 40 recent mining and metals projects, only one-fifth of them delivered the financial returns predicted at the feasibility stage.” McKinsey identified four main shortcomings. First, the industry “does not widely use standard criteria for what constitutes a feasibility study with sufficient maturity to ensure a narrow estimate band and predictable outcomes.” Second, feasibility studies “often suffer at the hands of sub-par management practices, and owners may impose artificial schedule constraints.” Third, McKinsey found that “many feasibility studies continue to rely on the current state of technology rather than account for anticipated technology advances, such as autonomous vehicles and advanced analytics.” Fourth, the typical contracting environment at the feasibility-study stage “rarely incentivizes EPCM contractors to maximize value for the owner and to find creative solutions.” McKinsey could have added a fifth shortcoming: Too few mining consultants apply Murphy’s Law. Magellan didn’t, and it was Elcano who sailed home. 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 Alamos Gold . . . . . . . . . . . . . . . . . . . . .9 American Creek Resources . . . . . . . . .15 Anaconda Mining . . . . . . . . . . . . . . . .15 Anglo American . . . . . . . . . . . . . . . . . .6 Argonaut Gold . . . . . . . . . . . . . . . . . 9,10 Artemis Gold . . . . . . . . . . . . . . . . . 11,12 BHP. . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 Cameco . . . . . . . . . . . . . . . . . . . . . . . . . .8 Capstone Mining . . . . . . . . . . . . . . . . . .8 Champion Iron . . . . . . . . . . . . . . . . . 6,7 Coeur Mining . . . . . . . . . . . . . . . . . 8,16 Denison Mines . . . . . . . . . . . . . . . . . . . .8 Fortescue Metals Group . . . . . . . . . . . .7

Franco-Nevada. . . . . . . . . . . . . . . . . . . .8 GT Gold . . . . . . . . . . . . . . . . . . . . . . . . .7 Kirkland Lake Gold . . . . . .9,10,12,14,16 Marathon Gold . . . . . . . . . . . . . . . . . .14 Mistango River Resources . . . . . . . . . .12 Newmont . . . . . . . . . . . . . . . . . . . . . . . .7 Osisko Development Corp. . . . . . . . . . .7 Osisko Mining . . . . . . . . . . . . . . . . . . . .7 Pretium Gold . . . . . . . . . . . . . . . . . . . .15 Pure Gold Mining . . . . . . . . . . . . . 12,14 QuestEx Gold & Copper . . . . . . . . . . .14 Rio Tinto . . . . . . . . . . . . . . . . . . . . . . 5,7 Royal Gold . . . . . . . . . . . . . . . . . . . . . . .8

Seabridge Gold . . . . . . . . . . . . . . . . . . .15 Sokoman Minerals . . . . . . . . . . . . . 14,15 Teuton Resources . . . . . . . . . . . . . . . . .15 Torex Gold Resources . . . . . . . . . . . . . .6 Tudor Gold . . . . . . . . . . . . . . . . . . . 15,16 UEX Corporation . . . . . . . . . . . . . . . . .8 Vale . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,8 Victoria Gold . . . . . . . . . . . . . . . . . . 8,16 Wallbridge Mining. . . . . . . . . . . . . . . .16 Wesdome Gold . . . . . . . . . . . . . . . . . . . .9 Western Copper and Gold . . . . . . . . . .5 Wheaton Precious Metals . . . . . . . . . . .8

GLOBAL MINING NEWS

THE NORTHERN MINER / MAY 24–JUNE 6, 2021

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

Rio Tinto takes strategic stake in Western Copper and Gold INVESTMENT |

Funds will be used for economic studies and permitting of Casino project in the Yukon equivalent,” he says. West-Sells notes that the agreement with Rio Tinto is for a work term of about 18 months, which is extendable for another 12 months, and the majority of the money will be going towards some exploration as well as engineering studies and metallurgical and geotechnical work. “This isn’t a wide open-ended agreement, it has set an amount of

BY TRISH SAYWELL

Yukon,” West-Sells says. “This will be a major mine in the Yukon and to have a company like Rio with a reputation of operating in Canada as well as it has, is a real benefit.” Work at Casino began in 2009 and 2010. Western Copper and Gold has about 136 million common shares outstanding for a market cap of about $314 million. TNM

Western Copper and Gold’s president and CEO, Paul West-Sells, at the company’s Casino project in the Yukon. WESTERN COPPER AND GOLD

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The studies will be based on an updated resource estimate released in July 2020 that included results from 2019 drilling, as well as drilling between 2010 and 2012 that was not included in the initial resource estimate in 2010. Casino now has measured and indicated resources of 2.17 billion tonnes grading 0.16% copper, 0.18 gram gold per tonne, 0.017% molybdenum and 1.4 grams silver per tonne (0.36% copper equivalent) for 7.4 billion lb. copper, 12.7 million oz. gold, 812 million lb. molybdenum and 100.2 million oz. silver. Inferred resources add 1.43 billion tonnes grading 0.10% copper, 0.14 gram gold, 0.01% molybdenum and 1.2 grams silver (0.24% copper equivalent) for 3.2 billion lb. copper, 6.4 million oz. gold, 323 million lb. molybdenum and 54 million oz. of silver. The deposit remains open at depth. Once in production, the pit could run more than 800 metres deep and 2 km by 1.8 km in diameter. West-Sells expects the economic studies will estimate a 50 year mine life based on measured and indicated resources and possibly another 25 years based on Casino’s inferred resources. He also expects that capital costs will be in the ballpark of the $2.4 billion estimated in a 2013 feasibility study. The mining executive, a metallurgical engineer by training, also points to the proposed mine’s very low strip ratio, which is expected to be less than 0.5:1, and says that the core of the deposit is higher grade. “We’ll be mining with the first shovels in the ground at the core of the deposit, which is about 330 million tonnes, at grades of about 0.7% copper-

io Tinto Canada is investing $25.6 million for an 8% stake in Western Copper and Gold (TSX: WRN; NYSE-AM: WRN), which is advancing its copper-gold Casino project in the Yukon. The funds will be put towards economic studies and permitting. “We’ve always said advancing this project with a big copper or gold company made sense and now we’ve got that with Rio Tinto,” Paul West-Sells, Western Copper and Gold’s president and CEO, says in an interview, adding that confidentiality agreements were signed about 18 months ago. “We’re ecstatic. Rio has experience in northern Canada with the Diavik diamond mine, they are big investors in Canada with their Alcan aluminum assets, and they have been a really good group to work with so far.” Under the deal, Rio Tinto Canada, a subsidiary of Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO), is acquiring 11.81 million common shares at a price of $2.17 per share. Over the last year, the junior’s shares have traded in a range of 96¢ and $2.42. News of Rio Tinto’s investment sent the company’s shares up 24.1% or 48¢ to $2.47on the Toronto Stock Exchange. The strategic investment includes an investor rights agreement under which Rio Tinto has the right to appoint a member to the project’s technical committee and send an observer to Western Copper and Gold’s board meetings, as well as second as many as three people to the project. If Rio Tinto takes a bigger stake (12.5%), then it has the right to appoint a member to the board. In addition, it has the right to participate in any future equity issuances to maintain its stake in the company. Western Copper and Gold plans to complete a feasibility study on Casino before the end of the year, and in the interim, will put out a preliminary economic assessment in the next six weeks. The studies will evaluate an open-pit operation, a concentrator to recover copper, gold silver and molybdenum and a solid waste facility to store mine waste rock and mill tailings. The company says the project will include a heap leach facility to recover gold, silver and copper from oxide ore. Infrastructure will include a 130 km access road and a power generation facility to meet power demand. In addition, an airport will be relocated and some roads re-routed to lower the overall footprint.

time for all this work to happen and then we discuss what’s next,” he says. “Really it’s an opportunity for Rio to get to know the project, for us to get to know Rio, and at the end of the period, we decide what sort of business transaction makes sense going forward.” The Rio Tinto investment “is exciting for Western Copper and Gold shareholders and exciting for the

“As Canada’s leading provider of flow-through share capital, PearTree deploys over $300M annually for Canadian mineral exploration and development in all market conditions.” Lisa Davis, CEO PearTree Securities lisa.davis@peartreecanada.com Find out more at peartreecanada.com

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MAY 24–JUNE 6, 2021 / THE NORTHERN MINER

Anglo American CEO Mark Cutifani urges miners to create the future — not be a victim of it CIM 2021 |

Industry needs to address the public perception of what mining contributes

BY ALISHA HIYATE

asked with talking about the role of mining in society as part of the opening plenary at this year’s virtual CIM convention, Anglo American (LSE: AAL) CEO Mark Cutifani didn’t mince words. With a world population of 7.6 billion that’s growing toward 9 billion, “the simple fact is that the world cannot survive without mining and our contribution to literally every aspect of modern life,” he said. Cutifani noted that other critical sectors, including energy, food production, construction, transportation, renewables infrastructure and communications all rely on mining. “In fact, 45% of the world’s economic activity is driven by the mining sector,” he said, counting both direct commodities sales and mining’s support of other industries (including the productivity improvements that come with mechanized farming, for example). Not only that, but compared to agriculture’s footprint — which takes up 50% of the world’s habitable land — mining only takes up 0.04%. That is “literally the smallest footprint relative to our economic contribution than any other industry.” However, there’s still a gulf between the public perception of mining and the reality of mining. “Even with all the contributions we make, people tend to see us as an industry that takes more than it gives,” he said, noting that the mining industry bears some responsibility for that. “One of the things we don’t do well as an industry is talk about what we do.” The role of mining and mining companies’ relationships with local communities is also changing, in step with advances in technology and the increasing focus on sustainability. For example, as part of its sustainability goals — which revolve around supporting a healthy environment and thriving communities and being a trusted corporate leader — Anglo

MARKETS From 1

with the rebalancing of the economy towards private consumption, will see the demand for industrial commodities slow,” she says. Fitch believes that while some commodities such as copper will face a deficit from a supply perspective, many commodities will see supply growth and have higher inventories relative to demand going forward. “That said, the transition towards a greener global economy poses upside risks to commodity demand in certain sectors, while stronger-thanexpected GDP growth in India also poses upside risks to commodity demand,” says Britsch, and strong growth from new demand sources likely sketch a bullish future backdrop. For Ronnie Cecil, principal analyst for metals and mining research at S&P Global Market Intelligence, bullish investor sentiment has been a critical driver of surging metal prices as the rollout of Covid-19 vaccines sees major economies emerge from lockdown restrictions. But that isn’t the hallmark of a new supercycle and could be more akin to the post-2009 financial crisis, when government stimulus drove commodity prices sky-high, before they started to taper

“THE SIMPLE FACT IS THAT THE WORLD CANNOT SURVIVE WITHOUT MINING AND OUR CONTRIBUTION TO LITERALLY EVERY ASPECT OF MODERN LIFE.” MARK CUTIFANI, CEO, ANGLO AMERICAN

Mark Cutifani speaking at Anglo American’s 2019 Senior Leadership Conference. LUKEDODDAA/WIKIMEDIA COMMONS CC 4.0

has committed to support the creation of five jobs offsite for every one onsite. “When we talk about life-ofmine plans, we’re also now starting to focus on life-of-community plans and how we can create 100 years future for those communities based on the infrastructure that we can bring as part of our mine development,” Cutifani said. The company’s microfinancing programs in South Africa and South America have supported the creation of 137,000 jobs, he noted. And the development of a reverse osmosis water purification facility in South Africa has opened up new opportunities for agriculture and for locals to enter new industries that rely on clean water. “We understand the impact of

technology and future of work will have ... so we understand that we have to be a catalyst in those local communities for new jobs.” As the focus on sustainability and climate change increase, those pressures are already starting to reshape mining. “Ten years ago, we used to define ourselves as a mining company, and for most, that created an image of a company digging holes,” Cutifani said. “In 2018, we redefined our own conversation about ourselves and took the way our customers were describing us — and that is as a metals and minerals company.” Looking another 10 to 20 years into the future, Anglo (which currently mines everything from iron ore to precious and base metals

The port at Rio Tinto’s Pilbara operation in Australia.

after 2012 and cratered in 2014 and 2015 as more supply came through the pipeline. “We expect the impact of recovery optimism on metals prices to wane into 2022, as economies normalise activity post the Covid-19 crisis,” he says. “Currently, we do not feel that

to diamonds and more) sees itself becoming a “materials solutions company.” That vision incorporates an understanding of how the company will support the circular economy (including more recycling) and efforts against climate change, and the need to adjust its portfolio to the needs of society. The goal, Cutifani said, is to understand where the world is going and become a catalyst to get there quicker. “We need to help people understand what we do and how critical we are — we need to be a partner in society in creating a new future,” he said. “We are the key to decarbonization and creating a long-term sustainable planet.” Cutifani also urged miners “to take

RIO TINTO

the recent sharp price increases seen for iron ore and copper mark the dawn of a new supercycle.” The analyst expects the pace of metals demand growth to moderate next year as government stimulus is tapered globally and new supply comes on stream.

“The next few years is also expected to see a wave of projects boost copper supply through expansions such as BHP’s Spence copper mine expansion and new start-ups like the KamoaKakula copper project in the Democratic Republic of Congo,” he says. “Brazilian iron ore exports are also

the time to understand our role in society and make sure we’re creating the future, we’re not becoming a victim of the future.” His remarks came during a panel, which was moderated by Jerrod Downey, president of Crownsmen Partners, and included Jody Kuzenko, president and CEO of Torex Gold Resources (TSX: TXG), David Cataford, president and CEO of Champion Iron (TSX: CIA; ASX; CIA), and Denise Johnson, group president of Caterpillar. The wider theme of the plenary session was “resilient and thriving,” with the discussion touching on diversity and inclusion in mining, sustainability and ESG, and the impact of Covid-19 on the industry. TNM

expected to recover as shuttered capacity reactivates. High metals prices provide a strong incentive for a supply response.” As for WoodMac’s Kettle, he believes that if a supercycle does emerge, “it will be thematic-driven and not a single country driving the commodities boom.” “I think there’s been a little bit of confusion between transient factors and structural,” he says. “Nobody argues that the energy transition is going to be fantastic for some commodities — it’s going to be truly awful for others.” By contrast, in the last supercycle, all commodities benefited and were driven by China’s heavy investment in infrastructure and industry. Kettle says there is a broad understanding and acceptance that the world currently has as close to synchronous recovery and synchronous growth as one is ever going to get. Adding fuel to the fire is that governments want to build back better and greener. The analyst notes that China’s current five-year plan sees a tilt away from infrastructure spending towards consumer spending, further deflating the long-term drivers necessary for a supercycle to take hold. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / MAY 24–JUNE 6, 2021

Continuous investment in R&D the fastest route from drill bit to dividend, says Osisko’s Roosen GOLD |

Recent changes to Canadian environmental assessment laws have impacted exploration

BY HENRY LAZENBY

n recent years, the Canadian federal government’s changes to environmental assessment legislation have impacted mineral exploration investment in Canada “pretty significantly,” Osisko Development Corp. (TSXV: ODV) CEO and co-founder Sean Roosen tells The Northern Miner. The new federal Impact Assessment Act came into force in August 2019 and has helped push the development timelines of projects out by several years to an average of about 15, to get from the drill bit to dividends, according to the Canadian gold exploration kingpin. “The permitting process is arduous, it’s often unclear which levels of government will participate, and multiply that by Canada’s general acceptance of interference from foreign nongovernmental agencies (NGOs) against mineral development projects, and it quickly becomes clear that Canada is somewhat in retreat in terms of exploration,” Roosen says in an interview. “It appears to me the focus of the federal government is more often to do with a preoccupation to getting re-elected, with a government that tends to be somewhat in retreat in terms of discharging their obligations to the Canadian public, who are the real shareholders of the country, to continue to advance these mineral investment opportunities and create the jobs and the wealth that comes out of the resource sector,” he says. “It’s about how to become a populist,

OUTLOOK From 1

research note to clients on May 7. In addition, first-quarter production reported by major producers that were in-line or lower-thanexpected, highlight the supply challenges the industry is facing to meet demand. With a possible global economic recovery and a positive outlook for domestic growth in China, the near-term outlook for global steel production appears positive. “While iron ore supply is expected to increase over the remainder of 2021, we believe that increase should be generally absorbed by the strong demand, and hence, we have increased our 2021 calendar Fe 65 price forecast,” writes MacArthur. In BMO’s latest Steel Monitor, analyst David Gagliano notes that spot prices for US hot-rolled coil steel have climbed to yet another all-time high, reaching about US$1.50 per short ton on May 10, a 5% increase over the past two weeks. Although the current supply squeeze is expected to ease with increasing domestic production in the U.S. and higher imports, the bank maintains its view that prices are likely to remain well above historical averages for the remainder of 2021 and 2022. This is a result of continued strong end-market demand and a staggered timeline for upcoming greenfield capacity additions, it explains. “Our base case, which sees prices moderate in the second half of 2021, is becoming increasingly conservative, given most domestic U.S. capacity is now restarted or running all-out, import growth remains

“NOW, EXPLORATION HAS BECOME MUCH MORE OF A STOP-AND-START BUSINESS, WHICH DOES NOT BODE WELL FOR QUALITY SCIENCE OVER TIME.” SEAN ROOSEN CEO, OSISKO DEVELOPMENT CORP.

Examining core at Osisko Mining’s Windfall property in Quebec.

OSISKO MINING

as opposed to actually having a plan to figure out what our children are going to be left with and how they’re going to pay the bills that this government has run up.”

With more than 30 years of experience under his belt, Roosen is arguably one of Canada’s living legends of mineral exploration, credited with finding and developing the low-grade Canadian Malartic mine in Quebec, Canada’s largest open-pit mine. But despite his successes, and given fastchanging markets and creeping government red tape, Roosen says, “it’s not your grandfather’s prospecting world anymore.”

According to Roosen, just about all the near-surface exploration opportunities in Canada have been exhausted. “Whatever we’re doing, from an exploration standpoint, is much more expensive, tends to be concerning blind or deeper targets, and tends to be in complicated geological, social and governance scenarios that require much better science. Gone are the days when surface prospecting would generate

five or six different drill targets,” he says, adding that when he says ‘exploration’ he is also referring to research and development (R&D). Roosen notes that the Osisko Group of companies generally finds its pipeline of world-class assets in brownfields camp areas or places of known structural geology, where the team believes a mineral endow-

limited, finished steel inventories remain low, lead times remain extended, and global raw materials and finished steel prices continue to move higher,” Gagliano writes. Gagliano’s colleague Colin Hamilton, a commodity analyst at BMO, argues in a research note that while steel demand is still robust and underpinning the recent record price runs for iron ore, the bank sees the price jump fuelled by a concern by mills in China that bank funding for Australian iron ore may be harder to come by in the months ahead, given the current geopolitical tension between the countries. “With Bloomberg reporting that China has asked LNG purchasers to stop buying new Australian cargoes, this will further stoke fears of restrictions,” Hamilton commented in a May 10 research note. “However, given the importance of this trade flow to both countries, we do not think an iron ore ban is likely or practical.” Moody’s Investors Service says the lofty iron ore prices will likely recede but remain strong amid persistent supply constraints. “High iron ore prices in early 2021 are unsustainable, but market fundamentals remain strong for 2021 based on supply constraints and a lack of major expansion projects in store for the coming years,” Moody’s senior VP Barbara Mattos says in an interview. “Rising steel demand will sustain iron ore prices at or above the higher end of our US$70-US$100 per tonne price sensitivity.” In particular, capacity constraints will keep Vale’s (NYSE: VALE) 2021 iron ore production to 315 million-330 million tonnes, more

than its annual 300 million tonnes in both 2019 and 2020, but far less than its 380 million tonnes in 2018, according to Mattos. Meanwhile, most iron ore producers are directing investments toward maintaining current production volumes. BHP (NYSE: BHP; LSE: BHP; ASX: BHP), Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO), Vale and Fortescue Metals Group (ASX: FMG) together control more than 70% of the global seaborne iron ore market, and all are focused on supply discipline, increasing environmental, social and governance risks and requirements for new projects. Mattos says she expects high prices will continue to support strong cash flow for the primary producers, at least for the time being, with some of them posting all-time high free cash flow and earnings before interest, taxes, depreciation and amortization (EBITDA). Last year, iron ore prices rallied to nearly US$180 per tonne, reflecting 5.2% year-on-year growth in Chinese steel production in addition to supply disruptions, particularly for Vale, and lower inventories at points throughout the year. But once production capacity recovers sometime in 2022 and scrap becomes more readily available, Mattos expects iron ore prices to decline toward marginal production costs of US$60-US$70 per tonne. The World Steel Association expects global steel demand to grow by 4.1% this year — rising by 2.5% in Asia, 11% in the EU and 6.7% in North America. China will remain the key driver for iron ore demand. Over time, however, a structural shift toward electric arc furnace

steel production and away from emissions-generating blast furnaces would cut iron ore demand growth or shift demand toward higher-quality ore for Chinese consumption. The analysts point out that steelmakers are increasingly looking to secure premium-grade iron ore as they battle to reduce carbon emissions, especially in China. The steelmaking industry accounts by far for the most carbon emissions of any other industry. Champion Iron (TSX: CIA; ASX: CIA) says it is capitalising on the global pivot to using premium-grade iron ore to make steel. During the pandemic, it has been investing to double output by mid-2022 from its cornerstone Bloom Lake asset in Quebec. It currently produces about 8 million tonnes a year. The company, which operates in the Labrador Trough, a 1,600 km-long and 160 km-wide geologic belt of high-grade iron ore deposits suitable for direct shipping to endusers and extending south-southeast from Ungava Bay through Quebec and Labrador, also recently closed the acquisition of the nearby Kami development project. The feasibility study stage Kami project has long been seen as the next likely Canadian iron ore project to make it through to production. Michael Marcotte, Champion Iron’s VP for investor relations, says the company does not believe established producers elsewhere in the world will be able to fully meet the rising demand for highgrade iron ore. Any incremental production from places like Brazil and Australia, it believes, will be met with infrastructure constraints

hindering product from reaching seaborne markets. “In contrast, Kami sits right off our existing railway infrastructure to the Port of Sept-Îles on the St. Lawrence seaway, and the beautiful piece to this is the Canadian federal and Quebec governments have been investing heavily in infrastructure expansions over the past decade to prepare for the emergence of a potential new supercycle, unlike the other main sources of iron ore have done,” he says in an interview. “Quebec is actually infrastructure rich. There’s ample capacity for us to bring on our phase-two expansion [of Bloom Lake], but also for us to consider additional growth opportunities like Kami.” Champion is moving swiftly to update a feasibility study released by the project’s former owner Alderon Iron Ore, in September 2018. That study was calculated at an assumed costand-freight selling price of US$89.67 per tonne, resulting in a pre-tax net present value (at an 8% discount rate) of US$1.7 billion and an internal rate of return of 24.6%, given the pre-production capital requirement of about US$982.4 million. “We feel the demand for highgrade iron ore is going to be accelerating and the market will require the stability of the region because a lot of the steel majors have growing concerns about relying almost exclusively on Brazil for premium iron ore,” Marcotte says. “Quebec offers a very attractive opportunity for steelmakers globally to have reliable access to premium material, especially to have a partner in Champion that has a very strong ESG track record.” TNM

Sean Roosen, CEO Osisko Development. OSISKO DEVELOPMENT CORP.

See GOLD / 16

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MAY 24–JUNE 6, 2021 / THE NORTHERN MINER

Denison bids for JCU (Canada) Exploration M&A|

Offer includes $40.5M cash and assumption of JCU’s liabilities

Coeur takes 17.8% stake in Victoria Gold INVESTMENT |

Eagle gold mine in the Yukon is key asset

BY TRISH SAYWELL

enison Mines (TSX: DML; NYSE-AM: DNN) is offering to buy JCU (Canada) Exploration Company, a wholly owned subsidiary of Overseas Uranium Resources Development Company Ltd., for cash payments of up to $40.5 million in three instalments and the assumption of JCU’s liabilities. JCU (Canada) Exploration Company holds a 10% stake in Denison’s 90%-owned Wheeler River project, which Denison describes as the largest undeveloped uranium project in the eastern portion of northern Saskatchewan’s Athabasca Basin. The transaction will be subject to approval by Overseas Uranium Resources Development’s (OURD) shareholders. Denison’s offer follows UEX Corporation’s (TSX: UEX; US-OTC: UEXCF) announcement on April 22 that it had signed a binding agreement with OURD to acquire 100% of JCU. UEX’s bid offered $12.5 million in cash and the assumption of JCU’s liabilities, which UEX estimated stood at about $34.5 million at the end of 2020. In a press release following news of Denison’s offer, UEX said the offer was “opportunistic” and “constitutes an interference in the contractual rights existing between UEX and OURD.” The UEX agreement with OURD, it noted, “is binding and enforceable and it is not open to OURD to consider any competing proposals.” In its press release last month, UEX Corp. said the business combination with JCU would make it “the second largest junior uranium resource owner in Canada,” and create “a compelling mid-size uranium development company with exposure to near-term uranium production with a solid pipeline of advanced resource and mid-stage exploration projects.”

Stacks of drill core boxes at Denison Mines’ Wheeler River project.

JCU’s key assets are its 10% stake in Wheeler River; a 30.1% stake in Cameco’s (TSX: CCJ; NYSE: CCO) Millennium project; a 33.81% stake in the Kiggavik project (Orano Canada owns the remaining 66.2%); and a 34.45% interest in UEX’s Christie Lake project. JCU also owns minority stakes in eight grassroots and midstage exploration projects within Canada’s Athabasca basin. “It should come as little surprise that Denison is making a move to acquire JCU with a premium bid to jump ahead of UEX,” Colin Healey of Haywood Capital Markets, commented in a research note. “Denison’s offer is not contingent on due diligence or financing, as Denison already has the cash resources to fund the transaction. We think Denison should aggressively pursue JCU at this price level as the transaction would be accretive.”

DENISON MINES

Healey estimated that JCU’s 10% of Wheeler River alone is worth about $165 million. “JCU’s fractional ownership in the Wheeler River asset alone would justify Denison’s premium bid in our view, although JCU owns stakes in other valuable assets in the Basin, including an ~30.1% share in the Millennium project (Cameco, 69.9%, 104.9 million lb. U308) and others.” “In total, JCU’s attributable resource pounds across all projects amount to ~97 million lb. U308. According to UEX, its offer for JCU reflected an acquisition cost of ~US$0.097/lb. U308 in-situ resources. Denison’s offer at $40.5 million equates to ~US$0.34/lb. (before adjusting for JCU working capital), where Denison currently trades at ~US$5.27/lb. and Athabasca Basin peers trade at an average of ~US$4.23/lb.” TNM

BY ALISHA HIYATE

oeur Mining (NYSE: CDE) is acquiring a 17.8% stake from Orion Mine Finance in Victoria Gold (TSX: VGCX), which owns and operates the Eagle gold mine in the Yukon. The acquisition of 11 million Victoria shares at $13.20 per share represents a 5% discount to the stock’s trailing, 30-day volumeweighted price as of May 7. In return for the Victoria shares, Orion will receive 12.8 million Coeur shares, based on a 30-day volume-weighted price of US$9.17 per share, for a 4.9% stake in the miner. “We have long admired the quality of Victoria’s Eagle asset and its recent success in ramping up operations,” said Mitchell J. Krebs, Coeur’s president and CEO, in a news release. “This compelling opportunity to acquire 17.8% ownership interest in Victoria from Orion is consistent with our stated strategy and capital allocation framework, and complements our existing portfolio of precious metals assets in high-quality jurisdictions in North America. We are excited to become a shareholder of Victoria, and believe this transaction represents an attractive investment for our stockholders.” Before the transaction, expected to close on May 11, Orion held a 36% interest in Victoria, with 22.5 million of the company’s 62.4 million shares outstanding, as well as 1.7 million share purchase warrants. After the transaction, Orion will still be the company’s largest shareholder with 11.5 million shares. On a partially diluted basis and giving effect to a “blocker feature” of the warrants it holds that prevent it from exercising them if it would result in Orion holding more than 19.99%

of Victoria’s common shares (the warrants are cash-settled instead), Orion will have a 19.99% in Victoria. Orion has also agreed to certain transfer restrictions on its remaining shares in Victoria and to support an offer or transaction by Coeur that would give it more than 50% of Victoria’s common shares, or all of its assets and properties, if the transaction was supported by Victoria’s board. “Orion has been an excellent shareholder and still holds 18% of Victoria Gold,” John McConnell, the company’s president and CEO, told The Northern Miner in an email response to questions. “I don’t know the Coeur management well, but look forward to working with them.” “Many companies have talked to Orion about buying all or part of their interest in VGCX,” McConnell added, “but we were not aware of this transaction until Monday morning just before the press release.” Victoria Gold poured first gold at Eagle in 2019 and entered commercial production on July 1, 2020. The open-pit, heap-leach operation near the village of Mayo, is expected to generate 180,000 to 200,000 oz. gold this year at allin sustaining costs of US$1,050US$1,175 per ounce. The company is working on increasing production to 250,000 oz. gold per year by 2023 with yearround stacking and expects to make a decision in the third quarter. Work on “Project 2040” to extend the mine life by 10 years through deep drilling at the Eagle deposit, is also under way with a resource update expected by the end of the year. An initial resource for the project’s Raven deposit is also expected by year-end. TNM

Wheaton’s Smallwood sees deal opportunities growing faster than the competition C-SUITE NEWS |

BY HENRY LAZENBY

he opportunity landscape for closing new precious metals streaming deals is growing faster than the competition, Wheaton Precious Metals (TSX: WPM; NYSE: WPM; LSE: WPM) CEO Randy Smallwood tells The Northern Miner. On the back of the pioneering streamer’s unparalleled success as a niche mine development finance provider since its inception in 2004, the market has been flooded by copycats all trying to get a foot in the door. The company specialises in providing upfront capital for base metals projects in return for a portion of the future production of by-product silver and gold units. Yet, despite acute investor interest, a recent report by McKinsey & Company found streaming and royalty deals still only made up a fraction of overall debt and equity financing in the mining industry, accounting for just 1%-3% from 2017 through 2019. The data contrasts against the streamers having demonstrated their business model as delivering superior returns at

Streaming deals likely to increase in relevance

substantially lower investment risk when compared with traditional mining equity investments. Smallwood says more streaming and royalty firms continue to enter the market and are vying aggressively with each other to establish a foothold and finding that cornerstone asset around which to build a successful enterprise. However, when it comes to the more substantial deals above the ~US$300-million-plus bracket, the market continues to be dominated by the three leading Canadian players — Wheaton, Franco-Nevada (TSX: FNV) and Royal Gold (NASDAQ: RGLD). He says the three companies regularly bump up against each other to pursue deals and create a healthy competitive environment. “It works well since it gives us good opportunities. We’ve had some great success over the last six months with three transactions. I’m excited about a couple more deals coming down the pipe here pretty soon,” says Smallwood. “The opportunity set is bigger than it’s ever been.” Smallwood believes streaming deals will continue to increase in relevance as the finance community

becomes more comfortable with the model. While the diversified majors are enjoying high levels of free cash flow right now, enabling them to finance their projects internally, the streaming model starts to make sense when an equity component is required as part of a project’s finance package. “A streaming deal is by far the most attractive way to satisfy that equity component. And that’s what’s driving the increase in demand we’re seeing. Our tactical teams are busier than ever in terms of project reviews and we have lots of active files underway,” says Smallwood. The reason for the surge in activity stems from these smaller base metals project proponents generally attracting substantively lower market valuations compared with the net present values of their respective assets. “That affords us the capacity of stepping in and delivering value,” he says. A prime example of this dynamic was exemplified by Wheaton’s recent acquisition of 50% of Capstone Mining’s (TSX: CS) silver output from its Cozamin copper mine in Zacatecas state, Mexico. Smallwood notes Capstone shares immediately

rose as a function of the company securing capex via a streaming deal for its corporate purposes. Given the firm price runs for most commodities in recent months and the record copper price of recent weeks, Smallwood says the base metals industry has “truly awakened” from a decade-long slumber. “All of a sudden, we’ve seen a wakeup in terms of those base metal prices. There hasn’t been a lot of reinvestment into that space. This new price regime is all of a sudden driving serious interest in heavy investments back into the base metal space.” He flagged positive fundamentals for silver to continue to support the silver price, given the general scarcity of any substantial zinc and lead development projects, which usually produce silver by-product. Wheaton reported record revenue for the three months ended March, reporting US$324 million on the top line — a 27% year-on-year improvement mainly attributable to a 27% rise in the average realised gold-equivalent price. Despite the higher income, headline earnings which adjust for special

items, came in at US$161 million, or 36c per share, missing the consensus forecast by 1¢. The company posted operating cash flow of US$232 million, part of which it used to repay the outstanding portion of its US$2 billion revolving credit facility, leaving US$191 million in cash on hand at quarter-end — ample firepower with which to pursue growth opportunities. As a result of the solid quarterly results, the company has increased its dividend to US14¢ per share for the third quarter in a row, a 40% bump compared with the first quarter of 2020. Wheaton has guided for attributable 2021 production of 370,000400,000 oz. gold, 22.5-24.0 million ounces of silver, and 40,000-45,000 oz. gold-equivalent comprising other metals, including the first deliveries in the quarter of cobalt from Vale’s (NYSE: VALE) Voisey’s Bay operation in Newfoundland and Labrador, Canada, for a total of about 720,000-780,000 gold-equivalent oz., unchanged from previous guidance. The company’s shares last traded at $53.16 in Toronto, capitalizing it at $24 billion. TNM

SPECIAL FOCUS

CANADIAN GOLD EXPLORATION Exploration at Argonaut’s Magino project yields exciting results ONTARIO

Kirkland Lake’s Detour Lake asset on course to be a worldclass gold mine ONTARIO |

Company sees significant exploration upside

| Deeper drilling resulting in better grades An aerial view of the Magino property.

ARGONAUT GOLD

BY CARL A. WILLIAMS

BY HENRY LAZENBY

bout four months into the planned two-year construction of Argonaut Gold’s (TSX: AR) new cornerstone Magino project in northeastern Ontario, smooth progress and encouraging new exploration results have CEO Peter Dougherty in a forward-thinking mood. While Argonaut is crossing off early construction milestones at the $480 to $510 million mine build, the company continues to report highgrade gold intercepts from ongoing exploration initiatives below and next to the project’s defined openpit boundaries. Dougherty says the deeper the company drills at Magino, the better the grades get. Ongoing drilling at the 2.14 million oz. proven and probable reserve property is increasingly finding evidence of shared characteristics with the deposit’s closest analogues, Alamos Gold’s (TSX: AGI) Island Gold mine immediately next door (1.35 million oz. in proven and probable reserves), and Wesdome Gold Mines’ (TSX: WDO) Eagle River Complex (581,000 oz. in proven and provbable reserves), about 70 km on strike to the west. The Magino property is in the Goudreau-Lochalsh gold district of the Wawa gold camp, which itself sits within the Michipicoten greenstone belt of the Archean Superior Province. The Michipicoten greenstone belt is described as a structurally and stratigraphically complex collection of volcanic, sedimentary and intrusive rocks that were metamorphosed to greenschist and amphibolite facies. The near-pit Elbow and Central zones are emerging as priority new exploration areas showing promising high-grade gold continuity. “In a perfect world, we want to continue to undertake infill drilling at denser fences on these deposits to incorporate them in any conceptual economic study considering a 20,000 tonne per day scenario as soon as possible,” Dougherty says in an interview. “By the time we press the green button on Magino production, we want to press go on the expansion feasibility study simultaneously.”

“MAGINO IS TRULY A VALUABLE AND STRATEGIC ASSET. BY MOVING MAGINO FORWARD, WE ARE EXECUTING ON OUR VISION TO TRANSFORM ARGONAUT.” PETER DOUGHERTY, CEO, ARGONAUT GOLD

The company is working towards pulling together initial resource estimates for the Central and Elbow zones by year-end. The Central and Elbow deposits are at the closest point, only 120 metres away from Island Gold workings. The critical difference is that where the previous exploration only went as deep as 300 metres at Magino, Alamos and Wesdome are now drilling at depths of 1,500 metres, approaching 2,000 metres. “The proximity to the analogues and the shallow drilling to date bodes exceptionally well for the value opportunity that continued drilling at Magino could unlock. We want to put a mineralised envelope around the open pits, and that can give us confidence that maybe someday we’ll be looking at an underground mine,” says Dougherty. “We already see a clear pathway to double throughput at Magino to 20,000 tonnes per day, which equates to about 300,000 oz. per year. It has company maker potential for us,” Dougherty says. “Magino is truly a valuable and strategic asset. By moving Magino forward, we are executing on our vision to transform Argonaut.” Meanwhile, on the back of the company’s exploration success at the Elbow and Central zones last summer, the exploration team petitioned management for more funding to follow up on exciting results to the west. “In all my years in this business, I’ve never seen something happen like what happened with our geologists. We gave them additional funding, and they drilled and hit the new Scotland, 42, Sandy and South zones,” says Dougherty. In the March quarter, the company completed another 4,895 metres of drilling at Magino and 936 metres of first-pass scout drilling on these newly defined district targets.

Recent drilling at the South zone has returned compelling intercepts such as 10 metres grading on average 19 grams gold per tonne, including 6.3 metres at 30.2 grams gold per tonne and 3.1 metres at 47.1 grams gold per tonne, which itself includes a higher grade interval of 1.3 metres at 112 grams gold, all from a depth of 634 metres in hole MA20-057. “We’re very pleased with the grades, and when we look at our neighbours, we realise those are the kinds of grades they see at depth. So, considering we have not even gotten close to those depths makes us extremely excited to get back out there for follow-up work,” he says. See ARGONAUT / 10

irkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) plans to transform its Detour Lake mine in northern Ontario into one of the world’s largest and most profitable good mines, says Tony Makuch, the company’s president and CEO. There is a much larger and highergrade deposit at Detour Lake than is reflected in the project’s current mineral resource, he said in an interview. “We see significant growth potential in the project’s mineral endowment, which, combined with a new mining plan, will lead to a significant increase in production and improved unit costs compared with the past operation of the mine.” At the end of March, a technical report for Detour Lake outlined a new life-of-mine plan that envisages production increasing from 563,253 oz. of gold in 2020 to between 680,000 oz. and 720,000 oz. from 2021-2024, growing to 800,000 oz. in 2025, and reaching over 900,000 oz. in 2032 for an average annual production of 659,000 gold oz. over 22 years of mine life. The life-of-mine 2021 study estimated operating costs per oz. of gold to average US$619 per oz. over the life of the mine, lower than the US$625 per oz. in 2020, with all-in sustaining costs averaging US$821 per oz., a significant improvement over 2020, which averaged US$1,171 per ounce. Total capital expenditure runs to US$3.6 billion, which includes US$65 to US$75 million for a mill expansion capable of processing 28 million tonnes per year, up from 22.2 million tonnes last year, ad-

ditional leach pads to improve metallurgical recovery, and a tailings facility expansion. The after-tax net present value is estimated at US$3.8 billion, based on a gold price of US$1,500 per oz. and using a 5% discount rate. The new life-of-mine plan is based on a resource estimate of 107.7 million measured and indicated tonnes grading 1.15 grams gold per tonne for 4 million gold oz. and 31.8 million inferred tonnes grading 0.82 gram gold for 844,000 ounces. The current life-of-mine plan does not include the exploration success the company has achieved since acquiring the project in early 2020. These will be incorporated into an updated mine plan slated for release next year. “One of the key factors behind our decision to acquire the mine was the significant exploration upside we saw in the project, which should further increase production, lower unit costs, and transition it to a much larger pit design than presented in the March report,” said Makuch, who has over 35 years of management, operations, and technical experience in the mining industry. Immediately before taking up the reins at Kirkland Lake, he served as president and CEO of Lake Shore Gold from 2008 until Tahoe Resources acquired the company in 2016. He added that the expected production growth would be driven by higher mill throughput and mining rates, lower strip ratios, better fragmentation, and improved mill productivity. Kirkland Lake acquired the DeSee KIRKLAND LAKE / 10

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MAY 24–JUNE 6, 2021 / THE NORTHERN MINER

ARGONAUT From 9

The exploration work has succeeded in extending the South zone strike length to 1.5 km, and it remains wide open to the west and at depth. Argonaut has budgeted $11.5 million for Magino exploration this year. It expects four drill rigs to target the deeper horizons, with another working in the open pit. The Argonaut board approved construction in October last year, followed by filing the first phase of financial assurance with the province of Ontario and the Magino project Closure Plan in January. The company has awarded a fixed bid engineering, procurement, construction and commissioning contract (EPC contract) to Ausenco, an engineering and construction management company. The EPC contract covers the construction of the Magino processing facility and other parts of the pre-development project. It also covers about 40% of the 10,000 tonne-per-day carbon-inpulp project’s capital outlay. The open-pit Magino milling operation is expected to achieve first production on time and within budget early in 2023 at a rate of 150,000 oz.

KIRKLAND LAKE From 9

tour Lake mine, about 300 km northeast of Timmins, in January 2020 through an all-share acquisition of Detour Gold Corp. in a deal valued at US$3.7 billion. Detour Gold owned the mine between 2013 and 2020, producing 3.6 million oz. of gold from approximately 135.5 million tonnes of mineralized material at a grade of 0.9

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per year at all-in sustaining costs (AISCs) of US$711 per oz. for 17 years. Total production is expected to come in at about 2 million oz. out of the entire current measured and indicated resource base of 658.9 million tonnes grading 0.62 grams gold per tonne for 5 million oz. gold. Calculated at an assumed gold price of US$1,250 per oz., a 2017 feasibility study estimated Magino’s after-tax net present value at US$288 million and an internal rate of return of 19.5%. Dougherty emphasizes the massive exploration potential at the brownfields project underpins Argonaut’s strategic ascension to the coveted mid-tier status. The company is emerging following a three-year metamorphosis from a junior, relatively high-cost producer with short mine lives to an intermediate, lower cost producer with long mine lives. And given its strong results in the March quarter, Argonaut is charging ahead towards achieving those strategic goals. The company recently posted record quarterly gold-equivalent production of 59,704 oz., thanks mainly to successful turnarounds at its Mexico-based El Castilo Complex

and La Colorada mines. Combined, the record output and high gold and silver prices delivered an operating cash flow of US$27.7 million and net income of US$27 million, the latter up from a US$9.5 million loss a year ago. The performance is evidence of successful execution on the threepronged corporate turnaround strategy, with the first being to harvest cash from existing, improved operations. The company has also announced a resource and reserve update in March. Total proven and probable reserves rose 43% to 323.4 million tonnes grading 0.66 gram gold per tonne for 6.8 million oz. gold, mainly the function of its July 2020 acquisition of Alio Gold and the Ana Paula project, in Guerrero Mexico. With that, management crossed off the second item on the turnaround to-do list, which was to replace depleted ounces. The third prong of the plan is to grow the development pipeline, hence the continued exploration investment in Magino and La Colorada in Sonora, Mexico, where the Canadian company is also enjoying exploration success. Recent drilling has targeted high-

grade gold veins below the El Crestón pit, producing “off-the-charts” results. Highlights included intercepts of 12.2 metres grading 98.9 grams gold and 30.3 grams silver starting from 185.9 metres in hole 20-LCRC-592, and another of 21.3 metres at 44.6 grams gold and 274.9 grams silver. “It has always been our intention to drill test below the El Crestón pit to determine whether the La Colorada mine has the potential to transition from an open-pit mine to an underground mine in the future. These high-grade gold and silver results vastly exceeded our expectations and obviously warrant follow up drilling,” he says. The results could help Argonaut chart a route to extend the mine life. Cerro del Gallo in Guanajuato, Mexico, is Argonaut’s next development project and is undergoing permitting. The project hosts an estimated proven and probable reserve of 91.8 million tonnes at 0.56 gram gold per tonne for 1.64 million oz. gold, as well as 39.1 million oz. silver at 13.3 grams silver per tonne. Dougherty expects the low-cost project to achieve the critical milestone any time now, followed by a

gram gold per tonne. Before that, Placer Dome Inc. operated the mine as an open-pit and underground operation, producing a total of 1.8 million oz. of gold from 14.3 million tonnes of mineralized material grading 3.82 grams gold between 1983 and 1989. Since acquiring the mine, Kirkland Lake has conducted an extensive drilling campaign to identify extensions to the mineralisation. A key focus for the exploration

program has been to drill around and near the Detour Lake Main pit. Drilling in the central portion of the Saddle zone, an underexplored area between the Main pit and the West pit, about 1 km west of the Main pit, intersected broad zones of both shallow and deeper mineralisation. Highlights included drillhole DLM20-006, which intersected 17 metres grading 1.56 grams gold per tonne from 56 metres downhole, and hole

“ONE OF THE KEY FACTORS BEHIND OUR DECISION TO ACQUIRE THE MINE WAS THE SIGNIFICANT EXPLORATION UPSIDE WE SAW IN THE PROJECT, WHICH SHOULD FURTHER INCREASE PRODUCTION.” TONY MAKUCH PRESIDENT AND CEO, KIRKLAND LAKE GOLD

$12.5 MILLION 2021 YUKON EXPLORATION PROGRAM UNDERWAY.

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DLM-20-079BW, which cut 13 metres grading 9.02 grams gold starting from a depth of 509 metres. The drill results “confirmed a large, continuous corridor of mineralization that extends from the Main Pit through the Saddle Zone and continues beyond the planned West Pit location,” said Makuch. A nine-hole (2,796 metre) drill program on the 58 North zone, a satellite deposit 10 km south of the mine, was designed to infill the west portion of the current mineral resource area. Highlights included drillhole DLD20-504, which returned 5 metres of 14.6 grams gold from 214 metres. Drilling on an area about one km northwest of the Main Pit, called the North Pit, intersected significant open-pit grades, extending known mineralization to depth and along strike of the current mineral resource area, with hole DLM-20-003 returning 9 metres grading 1.1 grams gold from 274 metres and hole DLM20001 cutting 3.4 metres of 147 grams gold from 394.6 metres. Given the limited amount of drilling to date in the Saddle, 58 North, and North Pit areas, Makuch believes there is considerable potential to add new mineral resources through “aggressive drilling.” “Our exploration has demonstrated that we’re yet to determine the full extent of the mineralisation at the project, which has the potential to support a 30-million-plus ounce mineral reserve base,” he said. While acknowledging that the technical report released in March was an important milestone for the project, he noted that the company was confident that its drill campaign would add substantially more ounces to the project’s mineral endowment and “establish Detour Lake as one of

development decision in short order. The prefeasibility stage project’s mine plan currently captures about 1.6 million oz. of the almost 3 million oz. measured and indicated resource (201.9 million tonnes grading 0.44 gram gold per tonne and 12.2 grams silver per tonne) and adds approximately 77,000 oz. per year at an AISC of about US$667 per oz. over a 15-year mine life to the overall production profile. “These projects maintain strong leverage to the rising gold price. Magino and Cerro del Gallo deliver a combined NPV (at a 5% discount rate) of more than $1.2 billion at US$1,900 gold,” says Dougherty. “I’m here to tell you I think we have the opportunity to go even much longer in lives on both.” Management is also assessing other opportunities to bring value forward from the early stage Ana Paula asset after a deal to sell it fell through late in March. Argonaut shares trading in Toronto have gained about 4% so far this year and closed at $2.85 per share on May 14. With nearly 295 million common shares outstanding, the company has a market capitalization of $884 million. TNM

A gold pour at Kirkland Lake Gold’s Detour mine. AIDAS ODONELIS/KIRKLAND LAKE GOLD

the world’s top gold mines.” Kirkland Lake plans to release an updated mine plan for the project in 2022 that incorporates drill results from the 2020 and 2021 drilling campaigns. The updated mine plan, said Makuch, will likely see the project transition to a much larger pit design as the mineral resource grows, leading to further increases in production and better unit costs. This year, the company plans to complete 270,000 metres of drilling to expand mineralisation to the west of the West pit and follow up on key targets, including 58 North and North Pit. Twelve drill rigs are now turning on the project. It is also working with Rogers Communications, a Canadian telecommunications and media company, to erect several cell towers onsite to improve connectivity across the region. Powered by wind and solar energy and backup hydrogen generators, the towers will also include a first aid station as well as providing shelter. Kirkland has around US$800 million in the treasury to fund these activities, said Makuch, adding that the company has no debt. “We have a strong balance sheet and are well funded to support our work program.” The company’s other gold assets in Ontario include the Macassa underground mine, which, in 2020, produced 183,038 oz. of gold, and the Holt Complex, which comprises the Holt, Holloway, and Taylor mines. In April 2020, operations at the complex were suspended as part of Kirkland Lake’s Covid-19 protocols. Outside Canada, the company owns the Fosterville underground gold mine in Australia, one of the largest gold producers in the state of Victoria. In 2020, the mine produced 640,467 oz. of gold. TNM

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CANADIAN GOLD SNAPSHOT

EIGHT COMPANIES SEEKING MORE YELLOW METAL BY MARILYN SCALES

A drill rig at Tudor Gold’s Treaty Creek project in B.C.’s Golden Triangle.

TUDOR GOLD

High gold prices continue to make the precious metal one of the most sought after metals in Canada. Even companies with production are exploring for more. And there may be more new gold mines on the horizon. n ARTEMIS GOLD Artemis Gold’s (TSXV: ARTG) flagship project is Blackwater, 150 km southwest of Prince George, B.C. A prefeasibility study was completed last year for a three-stage development approach to what is one of Canada’s largest gold projects. The first stage will take the mine through the first five years of open pit production at an average annual rate of 248,000 oz. of gold. The average grade will be 1.57 grams gold per tonne, and 5.5 million tonnes of mineralized material will be passed through the mill. The initial capital expenditure will be $592 million, which will be repaid in two years. Phase 2 covers expanded production in years six through 10, treating 12 million tonnes of min-

See CANADIAN GOLD SNAPSHOT / 12

JOINT VENTURE ARTICLE

SKRR Exploration seeks the next major gold district in Canada BY NORTHERN MINER STAFF

The Abitibi greenstone belt that stretches across Ontario and Quebec is one of the most prolific sources of gold in Canada, having produced roughly 200 million ounces over more than a century of mining activity, and continues to attract attention from companies intent on finding new deposits. Further west, running through Saskatchewan, is the Trans-Hudson Corridor, a region that hosts gold bearing Greenstone Belts similar to the Abitibi, yet is vastly underexplored. But while others overlook the Corridor, SKRR Exploration (TSXV: SKRR) has been methodically advancing its gold projects in the province. The Trans-Hudson Corridor runs from Nebraska up through the Dakotas, eastern Saskatchewan and then across northern Manitoba towards Hudson Bay. The Corridor’s most famous deposit was the legendary Homestake gold mine in South Dakota, which was in continuous production from 1878 to 2002 and the source of almost 44 million ounces of gold. Today, the top producing gold mine in the Corridor is SSR Mining’s (TSX: SSR) Seabee operation, located in the same part of northern Saskatchewan that SKRR

has been focussing on. Of SKRR’s five projects, its Olson property is the current flagship. Located in Saskatchewan’s La Ronge gold belt, Olson covers 5,038 hectares about 80 km south of SSR’s Seabee operation. The company completed a maiden 2,981 metre drill program in autumn 2020 in which 13 of the 18 drillholes intercepted high grade gold mineralization in multiple holes. They then began a follow up 1,674 metre, 12-hole drill program earlier this year, which recently finished, and whose assay results continue to show significant mineralization. The ability to find these mineralized zones can be directly attributed to the team behind SKRR. An in-depth understanding of the region comes from the company’s co-founder and chairman, noted geologist Ross McElroy who, together with Sherman Dahl, SKRR’s president and CEO, have created a crack exploration vehicle with which it plans to make big discoveries. Recipient of Northern Miner’s 2012 Mining Person of the Year and PDAC’s 2014 Bill Dennis honour, McElroy has been involved with multiple major Canadian gold and uranium discoveries, several of which have been developed into producing mines. “The Trans-Hudson Corridor is

SKRR Co-founder and Chairman Ross McElroy with a core sample from the company’s Olsen project in Saskatchewan. SKRR EXPLORATION

responsible for a lot of world-class mining districts,” says McElroy. “But what’s been overlooked is its potential for world class gold deposits, especially in Saskatchewan. So, the potential’s been there, it just really hasn’t been explored. And that’s where we come in.” McElroy explains they began by looking at the region from a district level and quickly realized that if there’s one asset like SSR’s Seabee, there had to be others. And he emphasizes that one of the

company’s guiding principles is to reduce the risk factor involved with exploration and development projects. “There has been a lot of historical work done in the areas where we’re operating, but what was missing was a better understanding of the structural nature of the properties. There were a lot of holes drilled, but most probably missing the big picture. You know, people did some near surface drilling, didn’t see much and moved on. Now, we have a much

better and more thorough understanding of the geology and the nature of these deposits.” He also points out that another element of risk reduction is where they are operating, highlighting that Saskatchewan is a stable, resourcefriendly jurisdiction consistently rated as among the best jurisdictions for miners to work in. In the months ahead, McElroy says that SKRR will be ramping up the latest addition to their portfolio, the Manson Bay property, situated about 40 km northwest of Flin Flon. “Manson Bay is a real gem,” says McElroy. “It has all the earmarks of a top-tier project, with high grades and a sizeable resource. We’ll be going in there later this summer to start advancing on it, because this is a property we really want to sink our teeth into. With the price of gold moving the way it is, other majors are going to come to the province. And, of course, we know that everyone will be looking for ounces. So that’s why we’re moving forward with our exploration work, intending to stay ahead of the curve.” The preceding Joint Venture article is PROMOTED CONTENT sponsored by SKRR Exploration and produced in cooperation with The Northern Miner. Visit skrr.ca for more information.

MAY 24–JUNE 6, 2021 / THE NORTHERN MINER

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CANADIAN GOLD SNAPSHOT The mining camp at Artemis Gold’s Blackwater project in central British Columbia.

From 11

eralized material each year. Output will be 420,000 oz. gold annually from ore grading 1.17 grams gold per tonne. This phase has a capex of $426 million. In phase 3, 20 million tonnes of mineralized material will be mined and milled in years 11 through 17. During this phase, annual output will be 442,000 oz. gold from material with a head grade expected to average 0.74 gram gold per tonne. The Blackwater mine has an expected life of 23 years. During the last six years, as ore is exhausted, the grade will drop to 0.31 gram gold per tonne and recovery will shrink to 168,000 oz. per year. This may not be the end of the project, however, as the orebody is open to the north, northwest and at depth to the south. The Blackwater deposit has proven and probable reserves of 334.0 million tonnes grading 0.75 gram gold per tonne for 8 million oz. of contained gold and 5.8 grams silver per tonne for 62.3 million oz. of silver. The base case for the initial pit development relied on a cut-off grade of 0.20 gold-equivalent per tonne. The measured and indicated portion stands at 427.1 million tonnes averaging 0.65 gram gold and 5.5 grams silver. Total contained metal is 8.9 million oz. of gold and 75.8 million oz. of silver. The inferred portion is 16.9 million tonnes at 0.45 gram gold and 12.8 grams silver, containing 246,000 oz. of gold and 6.9 million oz. of silver. The Blackwater project has an after tax net present value (at a 5% discount rate) of $2.25 billion and a levered after tax internal rate of return of 50%. Blackwater is not the only mineralization identified on the 1,500 sq. km property. The company has also outlined another orebody, called Capoose, which contains indicated resources of 14.2 million tonnes grading 0.43 gram gold per tonne and 20.8 grams silver per tonne (0.73 gram gold-equivalent) for 333,000 gold-equivalent ounces and inferred resources of 64.07 million tonnes grading 0.29 gram gold per tonne and 23.2 grams silver per tonne (0.62 gram gold-equivalent) for 1.28 million gold-equivalent ounces. Artemis acquired the Blackwater property from New Gold in August 2020, and work is progressing apace — permitting, environmental, grade control and

geotechnical drilling, metallurgical tests, a B.C. Hydro study, and mill proposals. Expect to see the definitive feasibility study by mid2021. Construction could start in the second quarter of 2022. On May 10, the company announced an equity financing of up to $156 million, which will be used to make its final cash acquisition payment to New Gold, and fund permitting and development costs for Blackwater. Artemis has a market capitalization of $640 million. n MISTANGO RIVER RESOURCES Mistango River Resources (CSE: MIS) has two projects in northern Ontario: the former Omega gold mine near Larder Lake and the Kirkland Lake West project. Both are promising and have attracted investments from Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA). In April, Mistango and Kirkland Lake Gold entered into a strategic partnership that saw Kirkland Lake pick up a 9% equity stake in the junior. Kirkland Lake has also been granted an option to earn a 75% interest in both projects by spending $60 million on them.

A drill rig at Sokoman’s Moosehead gold project in Newfoundland.

The Omega mine operated from 1926 to 1928 and again from 1936 to 1947 when it produced a total of 215,000 oz. of gold. There is good reason to rekindle interest in the property. A historic, non-compliant resource estimate completed in 2013 speculated that 585,000 oz. of gold remain in the ground. Zones above 130 metres above sea level that could be pitted contain 4.92 million indicated tonnes

at 1.39 grams gold per tonne and 3.35 million inferred tonnes averaging 1.8 grams gold, using a 0.5 gram cut-off. These 43-101 compliant resources contain 219,438 oz. and 190,900 oz., respectively. Deeper ore that could be recovered using underground methods contain 3,000 indicated tonnes at 3.19 grams gold, and 1.3 million inferred tonnes at 4.0 grams gold, using a 3-gram cut-off. Contained

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ounces are estimated to be 370,000 oz. and 174,500 oz., respectively. Of equal interest and currently being drilled is the 4,300-hectare Kirkland West gold property, west of and adjacent to Kirkland Lake Gold’s high-grade Macassa mine. This property hosts the convergence of major mineralized structures including potential extensions of the Main Break, Amalgamated Break and the LarderCadillac Fault Zone. It includes the small historic Baldwin gold mine that produced an estimated 43 oz. of gold. Old, non-compliant resource numbers include 4,600 tonnes grading 21.9 grams gold. There is a 10,000-metre drill program currently underway at Kirkland West. Work at the Baldwin target is complete, and has moved on to the Eby zone. Historical drilling showed this to be an area of narrow, high grade goldquartz veins. An area where wall rock returned 26.1 metres grading 0.34 gram gold will be tested. Mistango spent about $803,140 on its 2020 exploration work. The company has a market cap of about $10.9 million. n PURE GOLD MINING North America’s newest high grade gold producer is Pure Gold Mining (TSXV: PGM; LSE: PUR), which poured first gold at its mine in Red Lake, Ontario, in December 2020. Production through the mill began at a rate of 800 tonnes per day, but an optimization program is underway to take the rate to 1,000 tonnes daily. The optimization program has

See CANADIAN GOLD SNAPSHOT / 14

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Victoria Gold’s Eagle mine in the Yukon.

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VICTORIA GOLD

Top left: Sheared sedimentary-volcanic contact grading 12 grams gold from the Omega mine. MISTANGO RIVER RESOURCES Above: An aerial view of Wallbridge Mining’s Fenelon gold project in northern Quebec. WALLBRIDGE MINING Below: Core from the Inel zone at KSP assayed 4,470 grams gold over 0.5 metre. QUESTEX GOLD & COPPER

CANADIAN GOLD SNAPSHOT From 12

both a mining and milling component, and the existing shaft and hoist that served the former Madsen gold mine are being recommissioned. The company has also accelerated its program to access the 8 zone and other deeper, high grade zones by developing the main ramp this year. Studies will begin this year on expanding the project to 1,200 tonnes per day or more. This will involve integrating satellite deposits, converting resources to reserves and extending mine life as well as boosting mining and milling rates. A new resource estimate is expected in the next few months. To a depth of 1,200 metres at the time of writing, the PureGold mine has probable reserves of 3.5 mil-

lion diluted tonnes grading 8.97 grams gold per tonne and containing over 1.0 million ounces. There were 7.2 indicated tonnes at 8.9 grams gold containing 2.1 million oz., and 1.9 million inferred tonnes at 7.7 grams gold containing 467,000 ounces. Resources are inclusive of reserves. The Red Lake area has produced over 30 million oz. of gold in the past 100 years, and some mines reach as far below surface as 3,000 metres. So it’s no surprise that Pure Gold is pursuing what may be a high grade game changer, the 8 zone. It will be the target of underground drilling by the end of this year, but it has already returned 466 grams gold per tonne over 4.3 metres, 342.4 grams gold over 5.5 metres, and 120.4 grams gold over 8.2 metres. Pure Gold’s property also con-

AURCREST GOLD WOULD LIKE TO THANK THE SMALL TOWNS, FIRST NATIONS, AND CITIES OF NORTHERN ONTARIO FOR THEIR SUPPORT OF THE MINING INDUSTRY. CHRISTOPHER ANGECONEB AURCREST PRESIDENT & CEO, BAND MEMBER OF THE LAC SEUL FIRST NATION - WOULD PARTICULARLY LIKE TO THANK THE PEOPLE OF THE RED LAKE MINING DISTRICT AS WE BEGIN DRILLING OUR “RANGER LAKE” PROJECT. LOCATED ON THE MUNICIPAL BOUNDARY OF RED LAKE 10KM’S DUE EAST OF THE RED LAKE MINE COMPLEX - THIS UNDEREXPLORED AREA HAS NEVER BEEN DRILLED. MODERN TECHNOLOGY INCLUDING THE WINDFALL GEOTEK CARDS ARTIFICIAL INTELLIGENCE SYSTEM AND THE ACTLABS SGH SAMPLING (PICTURED TO THE RIGHT) HAVE LEAD TO THE DISCOVERY OF THIS NEW TARGET AREA. AURCREST GOLD INC TSXV:AGO - the full report on SGH and Windfall CARDS AI results are available at:

www.aurcrest.ca

tains several active surface exploration targets. The No. 1 vein is open at depth and recently returned 16.1 grams gold over 2 metres. Derlak, a deep extension of the Main resource, has had only limited drilling and seismic work but

shows intense alteration with anomalous gold. The Treasure Box, which returned 19.2 grams gold over 1.1 metres, is situated on the same contact as Russet South and the 8 zone. The Gap zone between Russet South and the mine has shown visible gold in cores although only limited drilling on seismic responses has been done. The Wedge target will be the core component of expansion to 1,200 tonnes per day. It is known to a vertical extent of 500 metres and stepped out 200 metres along strike. It recently returned 16.6 grams gold over 5.0 metres. It has indicated resources of 122,000 tonnes grading 10.3 grams gold per tonne and contains 56,000 ounces. The inferred portion stands at 307,000 tonnes grading 8.0 grams gold for 79,000 ounces. Pure Gold Mining has a market cap of about $550 million. n QUESTEX GOLD & COPPER QuestEx Gold & Copper (TSXV: QEX; US-OTC: CLASF) is working five projects — Castle, KSP, King Pin, North ROK, and Inel — in British Columbia’s Golden Triangle and Sofia gold property in the Toodoggone area. The company holds 100% interests in all of these properties. One of the more active programs has been mounted at the Castle gold-copper property, where the potential of the CastleSaddle trend is being sought. The trend is 10 km long, and QuestEx controls 6.5 km of it. The topography includes valleys that may be suitable for tailings impoundment, low elevation sites for potential portals, and offers open pit potential as well. The Castle prospect is a coppergold porphyry in the central part of the property. The Gordon vein on the north side of Quash Creek hosts gold-silver mineralization. Earlier this year, QuestEx sampled

22 grams gold per tonne and over 100 grams silver from an outcrop at Castle. The North ROK property, 15 km northwest of the producing Red Chris copper mine, is another copper-gold porphyry. In 2014 QuestEx announced an initial inferred resource of 142.3 million tonnes averaging 0.22% copper and 0.26 gram gold per tonne using a 0.20% copper-equivalent cut-off grade. The Kingpin property abuts the former Granduc copper mine and runs northwest to QuestEx’s own KSP property. The company intends to publish a 43-101-compliant resource estimate for the Inel zone at KSP where drilling once intersected a spectacular 4,470 grams gold over 0.5 metre. It has also identified 335 mineral occurrences at Kingpin. Last year the Sofia gold property received a share of exploration attention, as well. A 4.4-km-long structural corridor is highly prospective for porphyry copper-gold and has vein related gold mineralization. Several drill-ready targets have been chosen as the hunt continues for gold veins and for copper-gold zones. QuestEx raised $11.1 million for exploration and other needs in April. QuestEx Gold & Copper has a market cap of about $44 million. n SOKOMAN MINERALS Sokoman Minerals (TSXV: SIC; US-OTC: SICNF) chooses to focus its exploration work in central Newfoundland and Labrador. It holds several gold properties, two of which are currently receiving attention. Sokoman’s flagship gold property is Moosehead on the Central Newfoundland Gold Trend. This is the same trend as Marathon Gold’s (TSX: MOZ) Valentine Lake project, for which a feasibility study was completed earlier this year. Sokoman has been drilling the property since 2018 and says the geology and mineralization is comparable to that at the Fosterville mine in Australia, which is owned by Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA). Highlights from the ongoing sixth phase of drilling, which began in 2020, included 4.6 metres of 47.20 grams gold per tonne in the Footwall splay and 8.1 metres of 68.70 grams gold in the Main zone. At the South Pond zone, undercutting high grade gold float material, drilling returned 4.2 metres of 64.0 grams gold, in-

See CANADIAN GOLD SNAPSHOT / 15

GLOBAL MINING NEWS

SPECIAL FOCUS CANADIAN GOLD EXPLORATION

THE NORTHERN MINER / MAY 24–JUNE 6, 2021

CANADIAN GOLD SNAPSHOT From 14

cluding 1.20 metres at 223.6 grams gold. In April, the Footway splay returned 11.6 metres of 21.07 grams gold, including 5.1 metres of 30.82 grams gold and 3.5 metres of 12.39 grams gold, including 1.5 metres of 28.57 grams. One hole, collared in a visible gold-bearing quartz vein, returned 510 metres of 15.51 grams gold, including 2.8 metres of 27.68 grams. Sokoman has doubled its phase 6 drilling to 20,000 metres, a program that is fully funded. The Eastern and Western trends, including the Footwall splay will be tested. Plans also call for drilling magnetic, till, soil and float targets along the 8-km strike length of the main structure. The company’s other promising gold prospect is Fleur de Lys, which was acquired in March. It is on the Baie Verte Peninsula and south of the successful gold mine that is part of the Pointe Rousse project belonging to Anaconda Mining (TSX: ANX; US-OTC: ANXGF). Fleur de Lys is similar to structurally controlled, vein hosted Dalradian-style orogenic mineralization in the northern United Kingdom. Similar gold deposits include Curraghinalt in Northern Ireland and Cononish in Scotland. Sokoman is planning a two-year prospecting and sampling program to follow up on gold anomalies in lake sediments and tills. Sokoman closed a $5.5 million private placement in April 2020, followed by a subscription of $980,000 by Eric Sprott. This gives Sprott a 19.7% interest in the company. Sokoman Minerals has a market cap of about $78 million.

First gold pour in December 2020 at Pure Gold Mining’s PureGold mine in Red Lake, Ontario. n TUDOR GOLD Tudor Gold (TSXV: TUD; USOTC: TDRRF) is advancing its flagship Treaty Creek gold project in British Columbia’s Golden Triangle. This is a joint venture between Tudor Gold, which owns a 60% stake, and Teuton Resources (TSXV: TUO; US-OTC: TEUTF) and American Creek Resources

(TSXV: AMK; US-OTC: ACKRF), each of which holds a 20% interest. The property borders the KSM property of Seabridge Gold (TXX: SEA; NYSE: SA) and the Brucejack gold mine of Pretium Gold (TSX: PVG; NYSE: PVG). In March, Tudor published its first resource estimate for Treaty Creak, outlining a resource with a

• Located in Timmins, Ontario Moneta has 100% ownership of one of the largest undeveloped gold resources in North America with 4.0M ounces indicated and 4.4M ounces inferred. • Excellent infrastructure results in significant capital cost savings and increased valuation on the Tower Gold Project, comprised of the adjacent Golden Highway and the Garrison Gold Projects. • PEA studies on both the Golden Highway and Garrison Projects prove robust economics. Updated PEA on the combined enlarged project with increased scope and production profile to be completed upon the completion of an expanded resource update.

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PURE GOLD MINING

total of over 27 million gold equivalent ounces; 19.4 million oz. goldequivalent in the measured and indicated category and another 7.9 million gold-equivalent oz. in the inferred category. Using a 0.30 gram gold equivalent cut-off grade, the pit constrained measured and indicated resource stands at 609.8 million

tonnes grading 0.65 gram gold per tonne, 3.2 grams silver per tonne and 0.06% copper, for 14.15 million contained gold-equivalent ounces. The pit-constrained inferred portion measures 139.4 See CANADIAN GOLD SNAPSHOT / 16

Moneta Porcupine Mines Inc. 65 Third Avenue Timmins, Ontario, P4N 1C2, Canada Toronto (647)-456-9223 Timmins (705) 264-2296 larmstrong@monetaporcupine.com

www.monetaporcupine.com

MAY 24–JUNE 6, 2021 / THE NORTHERN MINER

CANADIAN GOLD SNAPSHOT From 15

million tonnes grading 3.6 grams gold, 0.06 gram silver and 0.04% copper, or 3.46 million contained gold equivalent ounces. The out-of-pit resource was also calculated at a cut-off grade of 0.46 gram gold equivalent. The measured and indicated portion totaled 205.9 million tonnes grading 0.7 gram gold, 4.6 grams silver and 0.07% copper, or 5.26 million contained gold equivalent ounces. The inferred resource equals 172.3 million tonnes at 0.72 gram gold, 4.4 grams silver and 0.06% copper, containing 4.43 million goldequivalent ounces Drilling continues this year, primarily at the Goldstorm, Perfect Storm, and Eureka (Treaty gossan) zones. The Goldstorm zone has three separate mineralized horizons, each with long intercepts of good grades: 3.22 grams gold-equivalent over 82.5 metres in the 300 horizon; 2.15 grams gold-equivalent over 75 metres in the CS-600 horizon; and 0.98 gram gold-equivalent over 550.6 metres in DS-5. Gold-equivalent includes assayed values of gold, silver and copper. Tudor recently closed a $9.6 million private placement with Teuton to fund this year’s exploration work and for working capital. Tudor Gold has a market cap of about $495 million. n VICTORIA GOLD Victoria Gold’s (TSX: VGCX; USOTC: VITFF) Eagle mine is the Yukon’s newest and largest gold producer. The heap leach mine is on the 555 sq. km Dublin Gulch property, about 85 km north of Mayo and 375 km north of Whitehorse. Eagle began commercial production on July 1 2020 and produced 116,644 oz. of gold last year. This year the company’s production guidance is for between 180,000 and 200,000 oz. gold at all-in sustaining costs of between US$1,050 and US$1,175 per ounce. Eagle is an open-pit mine with a carbon-in-leach plant and allseason facilities for 300 employees. The mine is ramping up to full production of 200,000 oz. gold per year, and expansion and mine life extension are likely, the company says. The pit is currently 350 metres deep, but the orebody is known to extend to a depth of at least 650 metres. As part of its “Project 250k” the company is working to grow its out-

SPECIAL FOCUS CANADIAN GOLD EXPLORATION

put to 250,000 oz. a year by 2023. The Eagle mine is made up of the Eagle and Olive deposits. Current reserves across the two total 155 million tonnes grading 0.65 gram gold per tonne, for a total of 3.3 million oz. gold. The Dublin Gulch property stretches over an area of about 44 km by 15 km, and there is ample exploration opportunity. One area that received attention last year was the Raven target. Drilling there has returned 3.36 grams gold per tonne over 7.7 metres, 5.54 grams gold over 2.1 metres, 2.35 grams gold over 15.9 metres, and 0.57 grams gold over 101.5 metres. Visible gold was intersected in about 35% of the holes. The strike length has been tripled to more than 750 metres. This year the company plans to spend about $12.5 million on exploration. In addition to Raven, regional targets include Nugget, Lynx, VBW/Falcon and OliveShamrock. Victoria also plans to complete trenching and collect soil samples across its property. On May 11, Coeur Mining (NYSE: CDE) announced it is acquiring a 17.8% stake in Victoria from Orion Mine Finance. After the transaction, Orion will still be the company’s largest shareholder with 11.5 million shares. Victoria Gold has a market cap of about $942 million. n WALLBRIDGE MINING Eighty kilometres east of the producing Detour Lake mine that belongs to Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA), Wallbridge Mining (TSX: WM; US-OTC: WLBMF) is fast tracking exploration and development of its flagship Fenelon gold project in Quebec, 75 km northwest of Matagami. Wallbridge acquired the Fenelon property in 2016. It has a strike length of 1.8 km identified to date, and has yielded three new discoveries since 2019. All zones are open and underexplored. The company says to expect its first Fenelon resource estimate in the third quarter of 2021. Since it began investigating the property, Wallbridge has expanded the Fenelon gold system with the discovery of the Area 51 zone in late 2018 and the Lower Tabasco-Cayenne shear zone in 2019. Both contain new geologic settings with extensive vein- and shear-hosted gold mineralization. Bulk samples were subjected to metallurgical tests in both 2018

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and 2019. Gold recovery rates were achieved between 94% and over 99% from samples grading 14.94 to 31.88 grams gold per tonne. The current $75 million exploration and development program is fully funded, thanks in part to a successful $20 million bought deal financing this spring. Work has begun on the 2021 surface drill program of 170,000 metres. A two-year underground exploration program will also begin this

year to establish drilling platforms. Earlier this month, the company released assays that confirm the grade and geometry of the central portions of the Tabasco-Cayenne and Area 51 zones and expand the mineralized footprint. Highlights included 8.57 grams gold per tonne over 10.35 metres and 16.67 grams gold over 4.55 metres from Tabasco-Cayenne and 284 grams gold over 0.60 metres and 2.09 grams gold over 24.15 metres

from Area 51. Since its Fenelon property acquisition, Wallbridge has assembled a district scale land package covering more than 900 sq. km and several more mineral occurrences. Look for reports from properties such as Detour East, Casault, Doigt, Martinière, Harri, Jérémie and Grasset in the future. Wallbridge has a market cap of about $519 million. TNM

GOLD From 7

science on a project, you’re out $5 million bucks. By the time you get all your authorisations to go out and do stuff, your community consultation programmes have already finished a couple of years before you get actually to drill anything. Multiply that by the constantly moving legislative goalposts, and one can glimpse why it has become so difficult to get a project through the process to production these days,” says Roosen. “The permitting aspect has become more difficult to challenge (that means executing fieldwork). The typically longer timelines for larger projects requiring the environmental review process keep getting added onto, which has the opposite effect of environmental, social and governance (ESG) investment principles set out to achieve. “Certainly, it inhibits investment going into First Nations territories in the north, which is the one that everybody is claiming they’re trying to help. But at the same time, they’re making it much more difficult for those investments to occur in those communities. So, it’s the unintended consequences of laptop bureaucracy,” he says. Roosen recalled the days he was driving the development of Canadian Malartic as a single-asset company with comparatively low gold grades. “It required about $1.2 billion in capex back in the day to build a mine that could make money off one gram per tonne gold. Try doing that today with the generally lower grades and higher capex requirements, and one clearly requires substantial financial resources and higher grades to reach critical mass.” To get there requires substantial exploration capital. An excellent example of how big an effort it takes to delineate something worthwhile in today’s terms is Osisko Mining’s (TSX: OSK) Windfall Lake asset in Quebec. The company has to date, sunk more than $700 million in drilling

expenditures, with 34 drills active on-site in 2020 and about 30 through 2021. “You need large critical mass projects to deal with these operating realities,” he says. But putting Canada ahead of most international competition when it comes to mineral exploration are the various federal and provincial flowthrough and charity flow-through share initiatives, which have helped keep the exploration investment in Canada afloat. Channelling that funding from the flow-through schemes has been the dominant source of exploration here in Canada for many years now. “And the reason that works so well is the chief investment of that money usually goes into the Indigenous Territories where we do most of the exploration in northern Canada. And we’re seeing that that investment by Canada’s government is starting to pay off, given the amount of exploration success that we’ve seen in Canada, not the least of which is the Osisko-associated companies. “Another factor counting in Canada’s favour as a mineral investment destination is the emergence of ‘nogo’ jurisdictions elsewhere.” Some jurisdictions that used to be considered long-term resource investment countries are now questionable, like Chile and Peru, he says. “We see Latin America as a complicated place for long-term strategies. This has opened opportunities for actors such as China, which generally plays by a different rule book than its western counterparts, to swoop in and secure control over mineral assets their Western counterparts wouldn’t dare touch,” Roosen points out. The world’s leading gold producer Newmont (TSX: NGT, NYSE: NEM), has recently been growing its copper resources. It has acquired Canadian explorer GT Gold (TSX: NGT) for $393 million, giving the U.S.-based major control of the Tatogga gold-copper project, located in the Traditional Territory of the Tahltan Nation in British Columbia. Roosen sees the trend for gold majors to go after gold-copper porphyries as “a great source of stability” since the more prominent companies are not very good at operating highgrade underground gold mines to start with. “I think that those copper-gold porphyries are next in line for big company investment and certainly offer some stability with gold and silver as a mostly by-product and provides the opportunity to drive the business from the copper side,” he says. But for the time being, Roosen says Osisko Development and its sister companies are laser-focused on its ‘SUDS’ corporate philosophy — “shut up and drill stupid.” “That leads us to our goal, which is to go from drill bit to dividend in the quickest amount of time.” And that’s important, he says, as building mines provides employment and can improve economic conditions in remote areas. Roosen says he didn’t grow up in the best of economic situations in the north, “so, I have a high level of respect for anything that can be done to alleviate poverty, especially here in Canada, and especially in the north.” TNM

ment can exist. Roosen currently sees underrated exploration opportunities in British Columbia, in Ontario’s Sudbury mining camp and central-eastern and Maritime Canada, where several discoveries have thrust Canada’s easternmost provinces into the golden limelight. “And then the question becomes whether we can do the science to figure out if it’s there or not? On the investment side of that coin, it is very difficult for small, singleasset companies to raise that R&D money in a down cycle,” he says. “These days, one would go into an area usually armed with a significant layer of historical exploration that has been done over the years to work with. And you have to find some new way to generate targets that haven’t been tested. So, with every dollar that gets invested, it gets more complicated because all the obvious ideas have been tried,” says Roosen. For this reason, gold exploration is being driven into a much more scientific approach. Roosen points out few majors remain with long-term investment plans, such as the ones Anaconda and Noranda maintained historically. These companies laid out systematic exploration plans spanning 10 years at a time. “Now, exploration has become much more of a stop-and-start business, which does not bode well for quality science over time,” he says. Roosen says the stop-start nature of exploration investment these days does not create the continuity of work required to deliver results. Often, teams will raise some cash, go out and drill the same targets outlined in the previous financing, and hope for better results this time around. “The problem we have with a lot of the junior exploration now is that the funding is limited, and by the time you get set up to do serious

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M A R K E T N EWS TORONTO STOCK EXCHANGE / MAY 10 – 14 The S&P/TSX Composite Index fell 0.54% to 19,366.69 during the May 10-14 trading week. The S&P/TSX Global Mining Index slipped 2.25% to 113.84, and the S&P/TSX Global Base Metals Index dropped 4.95% to 178.76. Spot gold increased by US$13.20 per oz., or 0.72%, to US$1,843.90 per oz., and the S&P/ TSX Global Gold Index rose 1.76% to 322.07. Turquoise Hill Resources dropped $5.66 to $19.99 per share. The company reported firstquarter revenue of US$526.5 million, a 303% increase from the same quarter last year, buoyed by higher commodity prices and production from its Oyu Tolgoi mine in Mongolia, one of the world’s largest gold-copper-silver mines. The mine produced 45,449 tonnes of copper in the first quarter, up 29% year-on-year, and 145,656 ounces of gold, up 461.5% year-on-year. However, the company has cut its full-year production outlook to reflect modifications to its Oyu Tologi mine design in Phase 4B and increased uncertainty from Covid-19 related controls now in place at the site. The Canadian miner has revised its 2021 gold production forecast to 400,000-480,000 oz., down from 500,000-550,000 ounces, and cut its copper production guidance to 150,000-180,000 tonnes from its previous 160,000-180,000 tonnes. Shares of Hudbay Minerals decreased by

$1.42 to $9.78. The company posted a net loss in the first quarter of $60.1 million or 23¢ per share. After adjusting for one-time financing charges mainly related to the redemption of 2025 senior notes and a revaluation of its gold repayment facility, first quarter adjusted net loss per share came in at 6¢. First quarter adjusted EBITDA was $104.2 million. The company reported consolidated production of 24,553 tonnes of copper and 35,500 oz. of gold. Hudbay also announced that consolidated copper and gold production are expected to increase by 36% and 125%, respectively, by 2023 from 2020 levels as it brings its Pampacancha and New Britannia growth projects into production. Harte Gold fell 16.7% to $13¢. The company has lowered its 2021 production guidance and hiked its cost estimates. Harte Gold TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy Nevada Copper Barrick Gold Kinross Gold First Quantum B2Gold Corp Ivanhoe Mines Capstone Mng Lundin Mng HudBay Min

SU NCU ABX K FM BTO IVN CS LUN HBM

48043 25185 19027 18725 15541 15209 13069 12061 11493 11327

29.19 0.32 29.53 9.65 35.07 6.40 9.74 6.64 15.27 11.62

WEEK LOW CLOSE CHANGE

27.35 0.26 28.10 8.78 29.14 5.97 8.83 5.78 14.10 9.69

28.12 - 0.54 0.27 - 0.03 29.12 + 0.10 9.42 + 0.03 29.52 - 4.18 6.19 - 0.09 9.04 - 0.51 5.87 - 0.42 14.18 - 0.66 9.78 - 1.42

now expects to produce 50,000-55,000 oz. of gold, down from its earlier forecast of 60,00065,000 oz. gold, and at all-in sustaining costs of US$1,800-US$2,200 per oz., compared with its previous target of US$1,400-US$1,550 per ounce. “Although we have continued to make good progress over the past three quarters, we also continue to face challenges that are preventing us from achieving our previous targets and stated guidance,” Frazer Bourchier, Harte Gold’s CEO stated. “Achieving a steady-state

ore mine production rate of 800 tonnes per day, representing approximately 5,200 oz. per month, continues to be the company’s main priority,” the company said in a news release, adding that it hopes to meet that target late in the fourth quarter. The miner also noted that it would not generate sufficient cash from operations to fully fund its planned investment activities and debt service obligations, including a US$3.3 million principal repayment to BNP due at the end of next month. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Century Global Ascot Res St Augustine Eastern Platin Western Potash Atalaya Mining Trilogy Mtls Northcliff Res Teck Res Aris Gold Black Iron Excelsior Mng Turquoise HIl Largo Res Titan Mining Harte Gold Forsys Metals Orocobre Golden Mnls HudBay Min

CNT AOT SAU ELR WRX AYM TMQ NCF TECK.A ARIS BKI MIN TRQ LGO TI HRT FSY ORL AUMN HBM

66 8954 5159 454 477 51 180 113 26 1230 8224 4023 2481 790 171 3791 692 528 161 11327

VOLUME (000s)

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0.40 0.23 1.24 0.89 0.16 0.13 0.40 0.00 0.37 0.19 6.51 5.82 3.26 2.81 0.05 0.05 40.00 36.10 2.49 2.27 0.76 0.46 0.88 0.63 26.45 19.41 22.03 17.08 0.58 0.45 0.16 0.12 1.12 0.85 6.92 5.73 0.97 0.81 11.62 9.69

0.31 1.18 0.15 0.40 0.22 6.40 3.25 0.05 39.53 2.45 0.49 0.63 19.99 17.70 0.47 0.13 0.92 5.78 0.82 9.78

+ + + + + + + + + + -

34.8 31.1 20.0 17.6 15.8 11.3 11.3 11.1 8.9 8.9 30.7 25.9 22.1 19.1 17.5 16.7 13.2 13.1 12.8 12.7

Newmont Corp Teck Res Wheaton Prec Franco-Nevada Victoria Gold Agnico Eagle Endeavour Mng Nexa Resources Kirkland Lake Atalaya Mining Turquoise HIl Pan Am Silver Largo Res First Quantum HudBay Min Altius Mnrls Nutrien Perpetua Res Dundee Prec Mt Orocobre

NGT TECK.A WPM FNV VGCX AEM EDV NEXA KL AYM TRQ PAAS LGO FM HBM ALS NTR PPTA DPM ORL

1042 26 4499 2165 1252 2817 3054 1 4387 51 2481 4089 790 15541 11327 917 6739 94 2861 528

WEEK CLOSE

85.75 39.53 54.77 181.11 15.32 84.82 27.55 13.59 50.27 6.40 19.99 37.46 17.70 29.52 9.78 17.16 73.34 9.45 8.25 5.78

CHANGE

+ + + + + + + + + + -

4.02 3.23 1.61 1.53 0.95 0.89 0.87 0.80 0.67 0.65 5.66 5.04 4.18 4.18 1.42 1.23 1.20 1.17 1.00 0.87

TSX VENTURE EXCHANGE / MAY 10 – 14 The S&P/TSX Venture Composite Index fell 2.47% to finish the trading week at 931.38. Spot gold increased by US$13.20 per oz., or 0.72%, to US$1,843.90 per ounce. Filo Mining jumped $3.57 to $7.57 per share. The company reported it has discovered a new zone of high-grade copper, gold and silver mineralisation at its Filo del Sol deposit in Argentina’s San Juan province. Highlights included drillhole FSDH041, which returned 163 metres grading 2.31% copper, 2.07 grams gold per tonne, and 183 grams silver per tonne (5.43% copper equivalent) starting from 780.3 metres. Four hundred metres to the north, hole FSDH037 intersected 502 metres of 0.41% copper, 0.13 gram gold, and 28.8 grams silver (0.75% copper equivalent) from 380 metres. The company said that both drill holes strongly suggest continuity of mineralization across the 870-metre gap between the previously released holes FSDH032 and FSDH043. The deposit remains open north of FSDH043 and extends over two km to the south of FSDH032. A total of nine holes have been completed during the current program, with five in progress. Shares of Doubleview Gold rose 29¢ to 60¢. The company reported initial metallurgical

tests on material from its 100%-owned Hat copper-gold-cobalt deposit in northwestern B.C.’s Golden Triangle. Particular attention was paid to the deposit’s cobalt component, which has become a potentially significant economic contributor to Hat’s resources. The company said initial flotation tests demonstrated that it was possible to produce a high gold, low cobalt-copper concentrate and a high cobalt, low-gold pyrite concentrate. Further optimization work will aim to improve selectivity, grades, and recoveries. Alphamin Resources increased by 7¢ to 75¢ per share. The company reported initial drill results from Mpama South, an area of historic artisanal mining about 750 metres south of its Mpama North tin mine in the TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Leeta Gold Alphamin Res Focus Graphite Emerita Res Arctic Star Network Expl Unigold Anfield Energy Defense Metals Nevada King

HIVE AFM FMS EMO ADD YNV UGD AEC DEFN NKG

21900 15085 11745 11646 10156 8871 8782 8519 8271 7775

4.10 0.77 0.14 0.70 0.29 0.89 0.27 0.14 0.44 0.84

WEEK LOW CLOSE CHANGE

3.00 0.69 0.08 0.53 0.21 0.50 0.18 0.11 0.28 0.64

3.49 0.75 0.09 0.68 0.23 0.58 0.19 0.13 0.31 0.66

+ + + + +

0.45 0.07 0.05 0.07 0.02 0.20 0.08 0.01 0.12 0.04

current 12.5-year mine life of Mpama North, produce a first resource estimate for Mpama South, and find at least one additional deposit on the 13-km-long highly prospective Bisie Ridge. Alphamin says it hopes to bring Mpama South into production this year. The Mpama North tin mine, about 180 km northwest of Goma, produces about 10,000 tonnes of tin per year, which the company says makes up about 3% to 4% of the world’s mined tin. TNM

Democratic Republic of the Congo’s North Kivu province. Highlights included drillhole BGH030, which intersected 10.6 metres grading 4.85% tin from 141.9 metres; BGH032, which returned 20 metres of 2.07% tin from 185 metres; and BGH025, which cut 14.6 metres of 2.7% tin from 220.1 metres. Alphamin has completed 8,700 metres of a planned 16,000 diamond drill program at Mpama South. The exploration program aims to extend the TSX-V GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Doubleview Gld Filo Mg Corp Alliance Mng Pac Ridge Expl Chiboug Ind Mn Outcrop Gold Nevado Res 1844 Resources Gossan Res Tisdale Res Q-Gold Res Focus Graphite Zinc One Res Rochester Res Unigold Laurion Mnl Ex Ridgestone M’g Universal Vent Melkior Res Defense Metals

DBG FIL ALM PEX CBG OCG VDO.H EFF GSS TRC QGR FMS Z RCT UGD LME RMI MCLD MKR DEFN

3654 7539 142 1789 2206 4884 200 1673 1861 6 392 11745 125 116 8782 2346 3999 1503 121 8271

0.60 8.49 0.65 0.32 0.29 0.45 0.19 0.08 0.35 0.94 0.25 0.14 1.89 0.12 0.27 0.61 0.16 1.63 0.55 0.44

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.32 4.05 0.41 0.19 0.15 0.33 0.13 0.05 0.19 0.89 0.15 0.08 0.80 0.09 0.18 0.41 0.11 1.05 0.38 0.28

0.60 7.57 0.65 0.31 0.24 0.45 0.19 0.08 0.26 0.94 0.16 0.09 1.06 0.09 0.19 0.44 0.12 1.13 0.41 0.31

+ + + + + + + + + + -

93.5 89.3 58.5 56.4 50.0 50.0 48.0 45.5 44.4 42.4 36.7 33.3 29.3 29.2 28.8 28.7 28.1 28.0 27.7 27.4

VOLUME (000s)

Filo Mg Corp Nouveau Monde St. James Gold Sigma Lithium Oroco Res Rupert Res Vizsla Silver Eloro Res Starr Peak Doubleview Gld Abitibi Royal Great Bear Res Arbor Metals Canada Nickel Rock Tech Lith Leeta Gold Universal Vent Zinc One Res IsoEnergy Ltd Artemis Gold

FIL NOU LORD SGMA OCO RUP VZLA ELO STE DBG RZZ GBR ABR CNC RCK HIVE MCLD Z ISO ARTG

WEEK CLOSE

7539 7.57 392 14.70 77 4.80 230 5.90 1688 3.33 932 5.68 3175 2.48 1056 4.44 2794 3.28 3654 0.60 9 23.62 245 14.34 222 1.80 1306 3.54 272 3.98 21900 3.49 1503 1.13 125 1.06 625 2.65 1984 6.21

CHANGE

+ + + + + + + + + + -

3.57 0.71 0.70 0.61 0.43 0.41 0.35 0.32 0.30 0.29 1.38 0.63 0.62 0.56 0.46 0.45 0.44 0.44 0.42 0.39

U.S. MARKETS / MAY 10 – 14 The Dow Jones Industrial Average slipped 1.14% to finish the week at 34,382.13 and the S&P 500 fell 1.39% to 4,173.85. Spot gold increased by US$13.20 per oz., or 0.72%, to US$1,843.90 per ounce. Nexa Resources rose US68¢ to US$11.05 per share. The company, which is one of the five largest zinc mining companies in the world and part of Brazilian conglomerate Votorantim S.A., announced that it is expanding its operations in entrepreneurship and innovation through an international partnership with the Israeli company IBI-Tech. The partnership “will allow the exchange of Israeli technologies, solutions, products and services capable of responding to the main challenges of Nexa’s operations in Brazil and Peru,” the company said in a press release. “With this partnership, we will identify solutions that help us building the mining of the future, based on ESG aspects,” Tito Martins, Nexa’s CEO, said. Shares of Kinross Gold grew by US4¢ to US$7.78. The company reported net earnings in the first quarter of US$149.5 million or US12¢ per share, up 22% year-on-year, and adjusted net earnings of US$192.8 million or US15¢ per share, a 51% year-on-year increase. The

company’s attributable production reached 558,777 gold-equivalent oz., at all-in sustaining costs of US$975 per gold-equivalent oz. sold, down from US$993 per gold-equivalent oz. sold in the first quarter of 2020. Kinross also announced that it is on track to meet its full-year guidance of 2.4 million oz. goldequivalent. Kinross ended the quarter with cash and equivalents of US$1.06 billion and total liquidity of US$2.6 billion, and declared a quarterly dividend of US3¢ per common share payable on June 7. The gold major also announced a commitment to reach net-zero greenhouse gas emissions by 2050 and said it will finalize a strategy to reach that goal by the end of the year. U.S. MOST ACTIVE ISSUES VOLUME (000s)

Freeport McMoR* Vale* United States S* Cleveland-Clif* Kinross Gold* Barrick Gold* Chevron Corp* Yamana Gold* Hecla Mining* Peabody Enrgy*

HIGH

WEEK LOW CLOSE CHANGE

FCX 190729 46.10 40.86 42.29 - 1.68 VALE 188566 23.02 20.80 21.03 - 1.05 X 185583 29.97 24.75 25.50 - 2.35 CLF 154204 22.90 18.96 19.51 - 1.61 KGC 81456 7.96 7.24 7.78 + 0.04 GOLD 69012 24.44 23.14 24.02 + 0.10 CVX 56707 113.11 105.44 109.47 - 0.55 AUY 54155 5.21 4.92 5.12 + 0.04 HL 48094 7.66 6.84 7.56 + 0.28 BTU 45922 7.17 5.18 6.50 + 1.38

Vale dropped US$1.05 to US$21.03. The company expects to receive its first transport ship propelled in part by ‘sails’ in the coming weeks. The ship will be the largest ever to be outfitted with rotating sails, which are essentially large metal cylinders four metres in diameter and 24 metres tall. The cylinders spin at different velocities, creating air pressure differences that help propel the ship forward. The ship has a

load capacity of 294,835 tonnes and has five sails, and will be 8% more energy-efficient, equivalent to the reduction of 3,084 tonnes of carbon dioxide equivalent. “Wind energy was how commercial navigation started. It was forgotten about in the last few centuries, and it’s coming back,” Rodrigo Bermelho, Vale’s head of marine engineering, told Reuters on May 13. TNM U.S. GREATEST VALUE CHANGE

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

Peabody Enrgy* Buenaventura* Gold Fields* Nexa Resources* NACCO Ind* Newmont Corp* DRDGOLD* Hecla Mining* Sandstorm Gold* Wheaton Prec* Turquoise HIl* HudBay Min* United States S* Cleveland-Clif* Rio Tinto* Endeavr Silver* Vale* Lithium Amer* Sibanye-Stillw* Mechel*

BTU BVN GFI NEXA NC NEM DRD HL SAND WPM TRQ HBM X CLF RIO EXK VALE LAC SBSW MTL

45922 11419 26311 514 116 32918 1526 48094 9756 11333 12173 10754 185583 154204 18490 17412 188566 13647 11852 636

7.17 11.80 11.25 11.38 26.33 70.92 11.40 7.66 8.34 45.44 21.89 9.60 29.97 22.90 95.97 6.53 23.02 13.42 19.72 2.15

VOLUME (000s)

WEEK LOW CLOSE CHANGE

5.18 10.43 10.24 10.47 24.23 67.02 10.32 6.84 7.53 42.83 16.04 7.93 24.75 18.96 87.25 5.52 20.80 11.84 17.61 1.90

6.50 11.72 11.22 11.05 26.31 70.75 11.38 7.56 8.31 45.20 16.53 8.08 25.50 19.51 88.23 5.98 21.03 12.70 18.47 2.04

+ + + + + + + + + + -

27.0 13.1 7.1 6.6 6.4 5.1 4.4 3.8 3.5 3.3 22.0 12.5 8.4 7.6 5.3 5.1 4.8 4.7 4.6 4.2

Newmont Corp* NEM Franco-Nevada* FNV NACCO Ind* NC Wheaton Prec* WPM Peabody Enrgy* BTU Buenaventura* BVN Agnico Eagle* AEM Gold Fields* GFI Nexa Resources* NEXA Kirkland Lake* KL Rio Tinto* RIO Turquoise HIl* TRQ United States S* X Freeport McMoR* FCX Cleveland-Clif* CLF Alcoa* AA HudBay Min* HBM Vale* VALE Black Hills* BKH Sibanye-Stillw* SBSW

32918 2020 116 11333 45922 11419 5464 26311 514 8578 18490 12173 185583 190729 154204 40068 10754 188566 1713 11852

WEEK CLOSE

70.75 149.57 26.31 45.20 6.50 11.72 70.02 11.22 11.05 41.47 88.23 16.53 25.50 42.29 19.51 39.70 8.08 21.03 67.61 18.47

CHANGE

+ + + + + + + + + + -

3.42 1.69 1.59 1.46 1.38 1.36 0.85 0.74 0.68 0.62 4.94 4.65 2.35 1.68 1.61 1.50 1.15 1.05 1.00 0.90

GLOBAL MINING NEWS

THE NORTHERN MINER / MAY 24–JUNE 6, 2021

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, May 13 2021 (change from May 06, 2021 in brackets): Aluminium Alloy 1920 (-80) Aluminium 1766025 (-36150) Copper 112150 (-18600) Lead 104725 (-2650) Nickel 256134 (-4374) Tin 1260 (-30) Zinc 287550 (-3475)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$59.70 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$12.05 Cobalt: US$20.00/lb. Copper: US$4.63/lb. Copper: CME Group Futures June 2021: US$4.71/lb.; July 2021: US$4.71/lb Iridium: NY Dealer Mid-mkt US$6,300.00/tr oz. Iron Ore 62% Fe CFR China-S: US$209.40 Lead: US$0.97/lb. Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$28,400.00 tr. oz. Ruthenium: Mid-mkt US$600.00/tr. oz. Silver: Handy & Harman Base: US$27.41 per oz.; Handy & Harman Fabricated: US$34.26 per oz. Tin: US$14.14/lb. Uranium: U3O8, Trade Tech spot price: US$30.25 per lb. U308 Zinc: US$1.33 per lb. Prices current May 17, 2021

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of April 30, 2021 (with changes from April 15, 2021) Largest short positions Ivanhoe Mines IVN 18341590 4247046 4/15/2021 New Gold NGD 15637368 1174305 4/15/2021 Suncor Energy SU 13237197 -7435796 4/15/2021 Nexgen Energy NXE 13020585 -293879 4/15/2021 Fortuna Silvr FVI 11698490 3652676 4/15/2021 Barrick Gold ABX 11533375 -421620 4/15/2021 Argonaut Gold AR 10300959 348728 4/15/2021 Equinox Gold EQX 9631916 -364842 4/15/2021 Kinross Gold K 9086668 -730496 4/15/2021 Wheaton Prec WPM 8015474 -341110 4/15/2021 First Quantum FM 7136386 332351 4/15/2021 Lundin Mng LUN 7021286 -990958 4/15/2021 Fission Uran FCU 6972196 900179 4/15/2021 Roxgold ROXG 6729951 6350056 4/15/2021 SSR Mining SSRM 6647854 923470 4/15/2021 Largest increase in short position Roxgold ROXG 6729951 6350056 4/15/2021 Ivanhoe Mines IVN 18341590 4247046 4/15/2021 Fortuna Silvr FVI 11698490 3652676 4/15/2021 Capstone Mng CS 3752808 2424270 4/15/2021 New Gold NGD 15637368 1174305 4/15/2021 Largest decrease in short position Suncor Energy SU 13237197 -7435796 4/15/2021 Nevada Copper NCU 2043397 -3435552 4/15/2021 Josemaria Res JOSE 74801 -2629959 4/15/2021 Eldorado Gold ELD 1382018 -1266651 4/15/2021 Wallbridge Mng WM 5792717 -1021918 4/15/2021

Short positions outstanding as of April 30, 2021 (with changes from April 15, 2021) Largest short positions Pure Gold Mg PGM 6381886 2311059 4/15/2021 Saint Jean SJL 3069223 -77777 4/15/2021 Sokoman Min SIC 3023189 2289106 4/15/2021 American Lith LI 2975862 846031 4/15/2021 Aurcana Silver AUN 2444828 862507 4/15/2021 Kootenay Silvr KTN 2210275 1925152 4/15/2021 Nexus Gold NXS 1827550 1226995 4/15/2021 Strongbow Expl CUSN 1347600 1033884 4/15/2021 Defiance Silvr DEF 1346506 882895 4/15/2021 Uragold Bay Rs HPQ 1320243 -403377 4/15/2021 IMPACT Silver IPT 1311620 1067155 4/15/2021 Laurion Mnl Ex LME 1251504 1160392 4/15/2021 Quadro Res QRO 1210890 1195935 4/15/2021 E3 Metals ETMC 1186545 -95197 4/15/2021 Mas Gold MAS 1018682 1017213 4/15/2021 Largest increase in short position Pure Gold Mg PGM 6381886 2311059 4/15/2021 Sokoman Min SIC 3023189 2289106 4/15/2021 Kootenay Silvr KTN 2210275 1925152 4/15/2021 Nexus Gold NXS 1827550 1226995 4/15/2021 Quadro Res QRO 1210890 1195935 4/15/2021 Largest decrease in short position O2Gold OTGO 875 -2476457 4/15/2021 Green Battery GEM 162559 -1556827 4/15/2021 Focus Graphite FMS 99703 -1225845 4/15/2021 Gold Finder Ex VENZ 124406 -1115787 4/15/2021 Intl Lithium ILC 50137 -914512 4/15/2021

DAILY METAL PRICES Date May 14 May 13 May 12 May 11 May 10 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 2129.50/2065 2129.50/2065 2129/2065 2109/2065 2100.50/2065 Aluminum 2438/2462.50 2422.50/2436 2474/2492.50 2549.50/2565 2565/2577 Copper 10212/10239.50 10253/10260.50 10537/10546 10528/10533.50 10724.50/10720 Lead 2148.50/2162.50 2116/2134.50 2203.50/2222 2218/2236 2228.50/2244 Nickel 17404/17433 17180/17216 17932/17942 17943/17975 18070/18099 Tin 31180/29280 31251/29172 33420/29830 33686/29914 33097/29912 Zinc 2924/2940.50 2891/2904 2984.50/2998.50 3004/3019.50 3037.50/3052.50 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1833.50 1814.30 1833.60 Gold PM 1838.10 1821.80 1830.70 Silver 27.23 26.82 27.41 Platinum 1226.00 1204.00 1241.00 Palladium 2861.00 2840.00 2938.00

1837.15 1829.10 27.48 1225.00 2921.00

1834.15 1840.45 27.74 1267.00 2985.00

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

May 14 1.2113 0.8256

May 13 1.2170 0.8217

Exchange rates (Quote Media, May 14, 2021) C$ to AUS C$ to EURO 1.0621 0.6802 C$ to UK Pound C$ to China Yuan 0.5861 5.3167 US to AUS US to EURO 1.2860 0.8234 US to UK Pound US to China Yuan 0.7092 6.4371

May 12 1.2121 0.8250

May 11 1.2098 0.8266

C$ to YEN 90.3180 C$ to India Rupee 60.5420 US to YEN 109.3620 US to India Rupee 73.2791

May 10 1.2096 0.8267

C$ to Mex Peso 16.4035 C$ to Swiss Franc 0.7448 US to Mex Peso 19.8619 US to Swiss Franc 0.9017

May 07 ($) 26.79 75.25 70.61 15.48 12.82 28.90 32.00 16.63 19.83 79.00 20.36 57.52 10.53 60.18 60.59 56.46 50.06

Change ($) -0.10 -0.02 -0.02 0.08 -0.53 0.20 0.19 -0.24 0.35 -1.18 0.01 -0.64 -0.24 -0.32 -0.32 -0.99 0.49

Change (%) -0.36 -0.02 -0.03 0.50 -4.11 0.69 0.59 -1.47 1.75 -1.49 0.05 -1.11 -2.29 -0.53 -0.53 -1.75 0.98

YTDChange (%) -7.21 -12.39 -15.00 -7.88 -9.87 -11.77 -7.42 -4.86 -6.08 -4.98 -10.22 -10.88 -13.17 -10.92 -10.93 -7.60 -9.18

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. American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share. Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share. Aurania Resources Ltd. (ARU.WT) - One warrant to purchase one common share at $5.50 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. Caldas Gold Corp. (CGC.WT) - One warrant to purchase one common share at $2.75 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp. (CDB.RT) - One (1) Right exercisable for One (1) Rights Share at $0.05 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

moliveira@ northernminer.com or 416-510-6768

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 $3.00 per share. Firefox Gold Corp. (FFOX.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. JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 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.WT.A) - One warrant to purchase one common share at $0.60 per share. Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 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 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 right to purchase one common share at

$4.80 per share. Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 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. 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. Star Royalties Ltd. (STRR.WT) - One warrant to purchase one common share at $1.00 per share. Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share. Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Ucore Rare Metals Inc. (UCU.RT) - One (1) right exercisable for one share at $4.00 per share. Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share. 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 52-week

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

C$ to SA Rand 11.6767 C$ to S. Korea Won 929.6836 US to SA Rand 14.1342 US to S. Korea Won 1126.5600

MER (%) 2.40 0.61 0.60 2.29 2.73 0.68 0.83 2.63 0.61 2.52 2.46 3.19 2.98 2.09 2.09 2.31 2.27

TotalAssets (M$) 57.29 165.22 76.59 60.34 589.40 6.84 29.82 1087.60 72.70 29.59

453.26 2.38 355.81 132.77

216 New Highs 1844 Resources AbraSilver Res AbraSilver Res* Alcoa* Alliance Mng Alphamin Res Alphamin Res * Altamira Gold Altamira Gold* Altiplano Met* Altius Mnrls Altius Mnrls * Amarc Res Amarc Res* American Eagle Amerigo Res Amerigo Res* Amseco Expl Anglo American* Antofagasta* ArcPacific Res ArcPacific Res* Arctic Star Arctic Star* Ares Strategic* Arianne Phosph* Ascendant Res Ascendant Res* Ascot Res * Atalaya Mining Atico Mining Atico Mining* Auxico Res Avidian Gold* Azarga Uranium Azarga Uranium* Azteca Gold* Barksdale Res* Battle North Battle North* BCM Res* Benchmark Met*

May 14 19366.69 931.38 1160.06 322.07 297.31

May 13 19135.81 908.35 1147.21 315.03 297.31

May 12 19107.77 910.92 1143.95 312.80 297.16

May 11 19274.04 930.45 1151.07 317.35 302.74

May 10 19361.88 940.34 1155.97 314.65 300.22

High 19543.88 1113.64 1165.73 416.84 359.81

Low 14447.88 502.61 876.97 267.29 245.25

Benjamin Hill Black Iron Black Iron* Black Shield C2C Gold* Cameco Corp* Capstone Mng Cardero Res* Century Global Century Global* Cerrado Gold* Chalice Gold M* Champion Iron* Chevron Corp* Chiboug Ind Mn Chiboug Ind Mn* China Gold Int Cleghorn Min* Cleveland-Clif* CONSOL Energy* Copper Fox Mtl* Copper Mtn Mng Copper Mtn Mng* Crest Resource* Dakota Ter Res* Defiance Silvr* Dynacor Gld Mn* Eastfield Res Eastfield Res* Elysee Dev Elysee Dev * Emerita Res Entree Res* Ero Copper Ero Copper* Exploits Disc* Filo Mg Corp Filo Mg Corp * First Quantum Foran Mining Foran Mining* Four Nines Four Nines*

Fox River Res* Freeport McMoR* Full Metal Mnl Full Metal Mnl* Generic Gold Glencore Plc * Glencore Plc* Global Atomic Global Atomic* Global Energy* Gold Royalty* Gossan Res Group Eleven GT Gold * Highland Copp* HudBay Min HudBay Min* Imperial Metal* Intl Star* Itafos Itafos* Ivanhoe Mines Ivanhoe Mines* Jayden Res* Jubilee Metals* Kincora Copper* Kombat Copper* Labrador Gold Labrador Gold* Labrador IOR Labrador IOR* Lakewood Expl Laramide Res Le Mare Gold* Mandalay Res Mandalay Res* Manitou Gold * MartinMarietta* Mega Uranium* Meridian Mg * Montage Gold* Montego Res* Mosaic*

Nevada Copper Nevada King Nevada King* Nevada Zinc Nevaado Res New Found Gold Newmac Res Nexgen Energy* NGEx Minerals NGEx Minerals* Nutrien Nutrien* Oceanic Iron O Oceanic Iron O* Optimus Gold Oroco Res Oroco Res* Orocobre Osisko Gold* Outback Gold* OZ Minerals* Pac Ridge Expl Pac Ridge Expl* Paladin Energy* Peabody Enrgy* Peruvian Metal Peruvian Metal* Phoenix Global* Power Group* Puma Expl Puma Expl* Red Moon Res Rio Tinto* Roxgold* Royal Mines &M* Saint Jean Salazar Res* ScoZinc Mg Sidney Resrces* Sierra Madre G Sigma Lithium Silver Range* Silver Wolf*

Sokoman Min Sokoman Min* South32* Southern Copp* Starr Peak Starr Peak* Strongbow Expl* Sun Summit Sun Summit* Suncor Energy* Surge Copper* Taseko Mines Taseko Mines* Teck Res Teck Res* Themac Res* Thesis Gold Thor Expl* Tocvan Venture Trailbreaker* Trevali Mining* Trilogy Mtls* Troubadour Res Turquoise HIl Turquoise HIl* TVI Pacific* United States S* Uravan Mnrls* Vale* Vanadian Enrgy* Visionary Gold Vizsla Silver* Voyageur Min* VR Resources VR Resources* Vulcan Mnrls Vulcan Mnrls* Walker River* Western Potash Western U&V Western U&V* Westminster Rs Westminster Rs*

White Mtn Engy* Zinc One Res 39 New Lows Americas Silvr Angold Res Angold Res* Bear Creek Mng Black Shield Blue River Res Blue River Res* Canada Silver Canada Silver* Canagold Res* Centerra Gold Chesapeake Gld* Contact Gold Cross River Discovery Silv* Falcon Gold FenixOro Gold Freeman Gold G2 Goldfields Gold Basin Res* Golden Indepen GoldON Res Grenville Gold* Inca One Gold Kingman Min* Lydian Intl* Melkior Res Metallum Res Montage Gold* New Placer New Target Mng Outback Gold* Ready Set Gold Sabina Gd&Slvr SPC Nickel Tanzanian Gold Tonogold Res* Universal Vent Wolfeye Res

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WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22 Platinum Group Metals Ltd. (PTM.WT.U) One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry. Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry. Sherritt International Corporation (S.WT) Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 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 Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22 Trevali Mining Corporation (TV.WT) - One Warrant to purchase one common share of the Issuer at $0.23 until expiry.

TSX VENTURE WARRANTS

GLOBAL MINING NEWS · SINCE 1915

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Karora Resources Inc. (KRR.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry. Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry Nevada Copper Corp. (NCU.WT) - One Warrant to purchase one common share of the Issuer at $0.20 until expiry Nevada Copper Corp. (NCU.WT.A) - One Warrant to purchase one common share of the Issuer at $0.22 until expiry Nomad Royalty Company Ltd. (NSR.WT) One Warrant to purchase one common share of the Issuer at $1.71 until expiry. Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Northern Dynasty Minerals Ltd. J (NDM.

NEW 52-WEEK HIGHS AND LOWS MAY 10 – 14, 2021

CANADIAN GOLD MUTUAL FUNDS Fund Name May 14 ($) BMO Prec Mtls Fd A 26.69 BMO ZGD 75.23 BMO ZJG 70.59 CIBC Prec Metal Fd A 15.56 Dyn Prec Metls Fd A 12.29 Harvest HGGG 29.10 Horizons HEP 32.19 IG MacGbPreMetCl A 16.39 iShares XGD 20.18 Mac Prec Met Cl A 73.70 NBI PrecMetFd Invt 20.37 NPT Go&PrMinFd A 56.88 NPT SilverEquCl A 10.29 RBC GblPreMetFd A 59.86 RBC GblPreMetFd Adv 60.27 Sentry Pre Met Fd A 55.47 TD Prec Mtl Fd Inv 50.55

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. Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 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.

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 24–JUNE 6, 2021 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: MAY 10–14, 2021 (100s) Stock

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1844 Resources 1911 Gold* 1911 Gold 55 North 79 Resources 79North A.I.S Res* A.I.S Res Abacus Mining* Abacus Mining Abcourt Mines Abcourt Mines* Aben Resources* Aben Resources Abitibi Royal* Abitibi Royal AbraSilver Res* AbraSilver Res Academy Metals Academy Metals* ACME Lithium Adamera Min Adamera Min* Adex Mining Advance Gold Adventus Adventus* Adyton Res AEX Gold African Gold African Gold* African Metals African Min* African Rainbo* Aftermath Silv* Agnico Eagle Agnico Eagle* AgriMinco* Aguila Amer Gd* Aguila Amer Gd Aiml Res* AJN Resources Alamos Gold Alamos Gold* Alcoa* Aldebaran Res* Aldebaran Res Alexandra Cap* Alexco Res* Alexco Res Alianza Min Alianza Min* Alien Metals* All American* Allegiant Gold Allegiant Gold* Alliance Mng Alliance Res* Allied Copper Allied Copper* Almaden Min* Almaden Min Almadex Min* Almadex Min Almonty Ind Almonty Ind * Aloro Mining* Aloro Mining Alpha Lithium* Alpha Lithium Alphamin Res * Alphamin Res Altai Resource Altai Resource* Altair Res Inc* Altair Res Inc Altamira Gold Altamira Gold* Altan Nevada Altan Rio Min Altiplano Met Altiplano Met* Altius Mnrls Altius Mnrls * Alto Ventures Alto Ventures* Altura Mining* Alturas Min Altus Strat Altus Strat* Alumina Ltd* ALX Resources ALX Resources* AM Resources Amani Gold* Amarc Res Amarc Res* Amarillo Gold Amarillo Gold* Amer Intl Vent* American Creek* American Creek American CuMo American CuMo* American Eagle American Lith* American Lith American Mang* American Mang American Pac AmericanSierra* Americas Silvr Americas Silvr* Amerigo Res Amerigo Res* Ameriwest Lith Amex Expl Amex Expl* Amilot Capital AmmPower* AmmPower Amseco Expl Anaconda Mng Anaconda Mng* Andean Prec Andes Gold* Andover Mng* Anfield Energy* Anfield Energy Angel Gold* Angel Gold Angkor Gold* Angkor Res Anglo American* Anglo American* Anglo Pac Grp AngloGold Ash* AngloGold Ash* Angold Res Angold Res* Angus Gold* Angus Gold Antioquia Gold* Antioquia Gold Antler Gold * Antler Gold Antofagasta* Apollo Gold Apollo Gold* Appia Energy* Appia Energy Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Resources* Archon Mineral* Archon Mineral ArcPacific Res* ArcPacific Res Arctic Star* Arctic Star Arcturus Vent Arcturus Vent* Arcus Dev Grp* Arcus Dev Grp Arcwest Explor Arcwest Explor* Arena Min* Arena Min Ares Strategic Ares Strategic* Argentina Lith* Argentina Lith Argentum Silvr*

V 1673 O 356 V 686 C 944 C 30 C 326 O 44 V 679 O 322 V 66 V 457 O 97 O 174 V 915 O 10 V 9 O 3273 V 5539 V 96 O 20 C 51 V 936 O 340 V 144 V 224 V 1440 O 62 V 165 V 396 V 1231 O 62 V 167 O 109 O 3 O 1684 T 2817 N 5464 O 1 O 4 V 58 O 28 C 232 T 2183 N 8791 N 40068 O 98 V 460 O 1014 X 3881 T 708 V 595 O 218 O 210 O 347702 V 131 O 231 V 142 D 3176 V 536 O 15 X 4272 T 131 O 416 V 230 T 206 O 121 O 50 V 44 O 3338 V 997 O 2380 V 15085 V 96 O 22 O 29 V 736 V 1321 O 627 V 245 V 30 V 173 O 139 T 917 O 229 V 215 O 56 O 804 V 450 V 22 O 6 O 38 V 1707 O 575 V 243 O 108372 V 2571 O 289 V 204 O 136 O 26 O 436 V 1353 V 1755 O 506 V 477 O 3891 V 1567 O 2893 V 3090 C 769 O 19 T 2166 X 5411 T 5599 O 2205 C 63 V 387 O 387 V 62 O 328 C 411 V 4 T 332 O 262 V 106 O 78 O 80 O 2522 V 8519 O 25 V 107 O 55 V 887 O 29 O 1489 T 3 O 1 N 15809 V 556 O 2 O 39 V 170 O 28 V 354 O 13 V 103 O 10 V 249 O 5 O 1079 C 1126 O 1453 O 537 T 142 V 222 N 1208 O 0 V 22 O 298 V 2160 O 39 V 10156 V 928 O 245 O 5 V 675 V 287 O 99 O 41 V 1992 V 2403 O 3123 O 77 V 353 O 5

0.08 0.59 0.72 0.14 0.15 0.10 0.06 0.07 0.16 0.19 0.15 0.12 0.06 0.08 20.58 24.74 0.63 0.77 0.09 0.07 0.41 0.12 0.09 0.02 0.08 1.28 1.06 0.20 0.53 0.19 0.16 0.12 0.01 0.00 0.57 85.33 70.48 0.00 0.25 0.30 0.65 0.39 10.81 8.95 44.42 0.42 0.50 0.49 2.99 3.60 0.11 0.10 0.02 0.01 0.27 0.22 0.65 6.39 0.62 0.35 0.57 0.68 0.24 0.30 1.09 0.90 0.05 0.05 0.63 0.76 0.65 0.77 0.07 0.05 0.04 0.04 0.47 0.39 0.03 0.14 0.43 0.36 19.15 15.84 0.16 0.13 0.10 0.03 1.14 0.99 5.71 0.10 0.09 0.08 0.00 0.20 0.16 0.29 0.24 0.02 0.23 0.28 0.07 0.06 0.40 1.85 2.19 1.03 1.21 0.16 0.04 3.01 2.49 1.61 1.35 0.70 2.82 2.38 0.06 1.05 1.20 0.10 0.70 0.57 1.48 0.02 0.00 0.12 0.14 0.03 0.04 0.05 0.06 49.42 24.75 2.77 22.64 23.81 0.31 0.24 0.92 1.05 0.04 0.05 0.13 0.19 27.80 0.71 0.58 0.62 0.74 0.02 0.08 0.09 2.43 56.26 0.00 0.26 0.13 0.17 0.24 0.29 0.03 0.03 0.02 0.03 0.10 0.08 0.12 0.14 0.80 0.69 0.12 0.15 0.17

0.05 0.47 0.58 0.11 0.11 0.09 0.05 0.07 0.14 0.00 0.14 0.11 0.06 0.07 19.50 23.58 0.54 0.65 0.00 0.07 0.40 0.10 0.08 0.02 0.07 1.10 0.93 0.18 0.49 0.17 0.13 0.12 0.00 0.00 0.47 81.00 67.05 0.00 0.24 0.28 0.00 0.21 10.13 8.34 38.19 0.00 0.00 0.35 2.70 3.30 0.09 0.08 0.01 0.00 0.24 0.20 0.41 5.79 0.41 0.35 0.50 0.60 0.20 0.26 1.04 0.86 0.04 0.00 0.51 0.62 0.57 0.69 0.00 0.05 0.03 0.04 0.38 0.31 0.03 0.13 0.37 0.31 16.32 13.41 0.00 0.12 0.00 0.03 1.08 0.92 5.44 0.09 0.07 0.07 0.00 0.13 0.09 0.28 0.22 0.00 0.19 0.24 0.06 0.04 0.21 1.55 1.89 0.76 0.92 0.14 0.00 2.53 2.07 1.32 1.10 0.64 2.65 2.20 0.05 0.92 1.12 0.00 0.65 0.51 1.32 0.01 0.00 0.09 0.11 0.03 0.04 0.04 0.05 0.00 22.92 2.60 0.00 21.97 0.27 0.23 0.75 0.85 0.00 0.05 0.13 0.15 0.00 0.66 0.56 0.51 0.64 0.02 0.07 0.09 1.72 50.21 0.00 0.00 0.00 0.13 0.18 0.21 0.02 0.00 0.02 0.03 0.09 0.07 0.09 0.12 0.70 0.58 0.10 0.13 0.17

0.08 + 0.50 0.60 0.12 0.11 0.10 + 0.06 0.07 unch 0.15 0.18 0.15 unch 0.12 + 0.06 0.07 unch 19.50 23.62 0.58 + 0.69 0.08 unch 0.07 unch 0.40 0.11 0.09 0.02 + 0.07 1.16 0.95 0.18 0.52 + 0.17 0.14 0.12 unch 0.00 18.00 unch 0.49 84.82 + 70.02 + 0.00 unch 0.25 0.28 0.48 0.27 + 10.54 8.70 39.70 0.39 0.50 + 0.45 + 2.87 3.46 0.10 0.08 0.02 + 0.01 unch 0.25 0.20 0.65 + 6.12 + 0.41 unch 0.35 unch 0.51 0.62 0.21 0.26 1.09 unch 0.90 0.04 0.05 0.54 0.65 0.61 + 0.75 + 0.07 unch 0.05 unch 0.03 0.04 0.42 + 0.36 + 0.03 + 0.13 unch 0.38 0.33 17.16 14.20 0.15 + 0.12 0.00 + 0.03 unch 1.08 0.96 + 5.61 + 0.09 0.08 0.08 unch 0.00 unch 0.16 + 0.12 + 0.28 unch 0.23 + 0.02 0.20 0.25 0.06 0.05 0.23 1.69 2.05 0.78 0.94 0.15 + 0.04 + 2.73 2.26 1.55 + 1.29 + 0.70 + 2.69 + 2.23 + 0.05 0.95 1.15 0.10 + 0.67 unch 0.57 + 1.37 0.02 + 0.00 unch 0.10 + 0.13 + 0.03 + 0.04 unch 0.04 0.06 unch 47.32 + 23.34 2.77 + 22.64 23.71 + 0.27 0.23 0.85 + 1.00 + 0.04 + 0.05 + 0.13 unch 0.15 25.45 0.71 + 0.56 + 0.58 + 0.70 + 0.02 0.07 + 0.09 unch 1.80 51.24 + 0.19 unch 0.26 + 0.13 + 0.15 + 0.20 + 0.23 + 0.03 unch 0.02 0.02 unch 0.03 unch 0.10 + 0.08 + 0.09 0.13 0.72 0.59 0.11 0.15 + 0.17 unch

0.03 0.08 0.05 0.05 1.22 0.30 0.06 0.98 0.42 0.02 0.23 0.10 0.04 0.25 0.10 0.01 0.23 0.08 0.00 0.08 0.01 0.00 0.10 0.02 0.00 0.21 0.04 0.01 0.29 0.06 0.00 0.24 0.06 0.00 0.18 0.04 0.00 0.12 0.04 0.00 0.16 0.05 1.09 20.82 14.78 1.38 26.75 19.84 0.00 0.63 0.06 0.01 0.77 0.08 0.00 0.16 0.06 0.00 0.10 0.06 0.01 0.60 0.31 0.01 0.16 0.04 0.00 0.12 0.03 0.01 0.04 0.01 0.01 0.17 0.07 0.08 1.60 0.80 0.08 1.18 0.57 0.02 0.40 0.16 0.02 1.20 0.44 0.02 0.36 0.11 0.02 0.28 0.08 0.00 0.18 0.06 0.01 0.02 0.00 0.00 18.00 10.10 0.06 1.37 0.17 0.89 117.35 69.14 0.85 89.23 54.66 0.00 0.13 0.00 0.00 0.53 0.16 0.06 0.67 0.17 0.08 0.71 0.45 0.02 0.45 0.15 0.09 15.52 8.89 0.06 11.58 7.02 1.50 44.42 6.38 0.00 0.56 0.17 0.02 0.74 0.20 0.02 1.45 0.13 0.06 3.50 1.61 0.12 4.65 2.26 0.02 0.25 0.06 0.02 0.19 0.04 0.00 0.04 0.00 0.00 0.02 0.00 0.02 0.71 0.23 0.02 0.56 0.17 0.24 0.63 0.13 0.28 6.68 2.63 0.00 0.68 0.08 0.00 0.44 0.08 0.05 1.24 0.38 0.05 1.60 0.54 0.02 0.29 0.11 0.04 0.36 0.19 0.00 1.30 0.50 0.01 1.04 0.36 0.00 0.19 0.01 0.01 0.12 0.04 0.08 1.13 0.29 0.10 1.45 0.43 0.05 0.64 0.09 0.07 0.74 0.12 0.00 0.14 0.04 0.00 0.11 0.03 0.00 0.04 0.01 0.01 0.05 0.01 0.04 0.47 0.07 0.04 0.39 0.05 0.01 0.05 0.01 0.00 0.22 0.05 0.05 0.50 0.07 0.01 0.36 0.06 1.23 19.15 8.78 0.93 15.84 6.04 0.01 0.24 0.09 0.01 0.15 0.07 0.00 0.50 0.00 0.00 0.05 0.01 0.06 1.66 0.55 0.04 21.22 0.35 0.16 5.97 3.49 0.01 0.13 0.03 0.01 0.10 0.02 0.00 0.08 0.03 0.00 0.05 0.00 0.04 0.20 0.03 0.03 0.16 0.02 0.00 0.42 0.19 0.01 0.31 0.13 0.00 0.08 0.00 0.02 0.38 0.04 0.02 0.50 0.06 0.01 0.10 0.03 0.00 0.08 0.01 0.04 0.40 0.17 0.06 3.32 0.15 0.09 4.21 0.30 0.18 2.25 0.09 0.24 2.86 0.13 0.01 0.62 0.13 0.00 0.06 0.01 0.14 5.12 2.53 0.09 3.90 2.02 0.11 1.61 0.20 0.09 1.35 0.13 0.07 0.95 0.12 0.05 4.19 1.36 0.06 3.26 1.00 0.01 0.08 0.03 0.03 1.88 0.71 0.05 1.26 0.30 0.02 0.10 0.02 0.00 0.93 0.23 0.03 0.74 0.16 0.03 2.00 1.18 0.00 0.02 0.00 0.00 0.07 0.00 0.01 0.12 0.03 0.01 0.15 0.05 0.00 0.05 0.01 0.00 0.07 0.02 0.00 0.08 0.02 0.00 0.10 0.01 0.25 49.42 16.38 0.77 24.75 8.00 0.08 2.85 1.75 0.36 38.94 20.27 0.61 38.50 19.55 0.03 0.53 0.27 0.02 0.34 0.23 0.10 1.16 0.43 0.05 1.51 0.41 0.00 0.07 0.02 0.01 0.09 0.03 0.00 0.55 0.13 0.01 0.49 0.12 1.43 27.80 10.03 0.02 1.68 0.38 0.00 0.91 0.33 0.04 0.65 0.10 0.04 0.84 0.13 0.00 0.14 0.00 0.00 0.15 0.07 0.00 0.22 0.08 0.62 2.63 0.50 0.26 58.88 26.82 0.00 0.26 0.13 0.04 0.40 0.11 0.03 0.13 0.06 0.01 0.17 0.02 0.03 0.24 0.02 0.02 0.29 0.02 0.00 0.29 0.01 0.01 0.38 0.00 0.00 0.03 0.01 0.00 0.04 0.02 0.01 0.21 0.05 0.01 0.15 0.04 0.02 0.21 0.01 0.01 0.27 0.02 0.04 0.82 0.08 0.04 0.69 0.06 0.00 0.21 0.02 0.01 0.26 0.05 0.00 0.27 0.13

(100s) Stock

Exc Volume

Week Low

0.20 0.20 0.00 0.17 + 0.20 0.22 unch 2.74 2.85 2.23 2.37 + 0.02 0.02 0.54 0.60 + 0.41 0.50 + 2.27 2.45 + 0.10 0.10 0.13 0.13 2.69 2.91 + 2.15 2.40 + 0.16 0.18 + 0.20 0.22 + 0.00 0.65 + 4.96 5.11 6.03 6.21 0.20 0.20 unch 0.17 0.25 + 0.67 0.67 unch 0.21 0.22 + 0.25 0.26 + 0.73 0.98 + 0.89 1.18 + 0.03 0.03 unch 0.21 0.21 0.05 0.05 unch 0.03 0.04 0.05 0.05 + 0.14 0.15 + 0.17 0.19 + 0.02 0.02 5.82 6.40 + 0.18 0.21 + 0.22 0.24 + 0.08 0.09 + 0.57 0.63 + 0.70 0.76 + 0.00 0.01 unch 0.00 0.18 0.22 0.24 + 2.10 2.16 1.58 1.78 14.37 14.80 + 0.00 12.24 + 2.15 2.50 2.61 3.05 0.82 0.85 0.68 0.70 0.18 0.22 unch 0.18 0.18 unch 0.57 0.60 unch 0.05 0.05 unch 0.67 0.69 0.81 0.83 0.06 0.06 0.13 0.14 0.49 0.49 0.07 0.07 0.02 0.02 0.09 0.09 unch 0.12 0.15 + 0.15 0.16 0.21 0.24 + 0.17 0.20 + 0.62 0.76 + 0.10 0.62 + 0.15 0.16 + 0.12 0.13 + 0.00 0.00 unch 0.17 0.18 + 0.14 0.15 + 1.20 1.27 1.47 1.55 0.07 0.07 + 0.08 0.09 + 0.07 0.08 0.06 0.06 0.05 0.05 + 5.59 6.18 + 0.08 0.08 + 0.10 0.11 + 0.29 0.32 0.24 0.26 0.91 0.96 + 0.75 0.78 + 0.06 0.07 + 0.08 0.08 0.28 0.29 0.23 0.24 0.00 0.00 unch 0.09 0.10 + 0.12 0.13 +

Argentum Silvr Argo Gold* Argo Gold Argonaut Gold Argonaut Gold* Arian Res* Arianne Phosph Arianne Phosph* Aris Gold Arizona Gold* Arizona Gold Arizona Metals Arizona Metals* Arizona Silver* Arizona Silver Armor Min Artemis Gold* Artemis Gold Asante Gold* Asante Gold Asbestos Corp Ascendant Res* Ascendant Res Ascot Res * Ascot Res Ashanti Sanko AsiaBaseMetals Asiamet Res* Aston Bay* Aston Bay ATAC Res* ATAC Res Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Silver* Atico Mining* Atico Mining Atlanta Gold* Aton Resources* Aton Resources Augusta Gold Augusta Gold* Aura Minerals Aura Minerals* Aurania Res* Aurania Res Aurcana Silver Aurcana Silver* AurCrest Gold AurCrest Gold* Aurelius Min Aurelius Min* Aurion Res * Aurion Res Aurora Royal Aurwest Res AURYN Mining* Aust Goldfield* Aust Mines* Austin Res Austral Gold* Austral Gold AUX Resources AUX Resources* Auxico Res Auxico Res* Avalon Advance Avalon Advance* Avenira Ltd* Avidian Gold Avidian Gold* Avino Silver* Avino Silver Avrupa Min* Avrupa Min Awale Res Axmin Inc Axmin Inc* Aya Gold* Azarga Metals* Azarga Metals Azarga Uranium Azarga Uranium* Azimut Explor Azimut Explor* Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azteca Gold* Azucar Min* Azucar Min

V O C T O O V O T O T V O O V V O V O C V O T O T V V O O V O V O T O V O O V O O V T O T O O V V O V O V O O V V C O O O V O V V O C O T O O V O X T O V V V O O O V T O V O O V V O O O V

39 41 931 4620 424 46 660 411 1230 301 633 518 488 110 106 13 60 1984 15 518 1 12 1130 14986 8954 234 56 60 172 1120 376 651 3309 51 22 259 51 377 673 0 1 9 184 53 102 10 103 208 1276 1374 177 50 181 443 82 304 14 376 26 6 472 15 229 695 534 73 2146 243 1524 1478 0 429 90 9698 942 5 427 565 856 41 91 16 258 3390 1072 110 23 970 2094 205 110 231 199 144

0.23 0.19 0.26 2.96 2.44 0.02 0.60 0.50 2.49 0.12 0.14 2.98 2.42 0.18 0.22 0.66 5.40 6.25 0.20 0.25 0.67 0.22 0.27 1.33 1.24 0.03 0.24 0.05 0.04 0.05 0.15 0.19 0.03 6.51 0.21 0.24 0.09 0.65 0.78 0.00 0.21 0.26 2.26 1.90 15.44 12.75 2.63 3.18 0.94 0.78 0.22 0.18 0.64 0.06 0.71 0.87 0.08 0.16 0.56 0.21 0.02 0.09 0.15 0.18 0.24 0.20 0.76 0.63 0.18 0.15 0.00 0.20 0.40 1.44 1.73 0.07 0.09 0.08 0.08 0.06 6.94 0.10 0.12 0.36 0.30 0.96 0.80 0.08 0.09 0.32 0.26 0.01 0.10 0.13

B2Gold Corp* B2Gold Corp Bald Eagle Balto Res Bam Bam Res Bam Bam Res* Bannerman Res* Banyan Gold Banyan Gold* Barker Min* Barksdale Res* Barksdale Res Baroyeca Gold* Baroyeca Gold Barrick Gold* Barrick Gold Barsele Min* Barsele Min Baru Gold Baru Gold* Baselode Egy* Baselode Egy Batero Gold Batero Gold* Bathurst Met Battery Min Battle North* Battle North Bayhorse Silvr Bayhorse Silvr* BC Moly BCM Res* BCM Res Bear Creek Mng Bear Creek Mng* Bearing Lith Bearing Lith* Beauce Gold Bell Copper* Bell Copper Belmont Res* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals * BeMetals Benchmark Met* Benchmark Met Benjamin Hill Benjamin Hill* Benton Res* Benton Res Benz Mining* Benz Mining Bessor Min* Bessor Min Bird River Res Bitterroot Res* Bitterroot Res Black Dragon* Black Hills* Black Iron* Black Iron Black Mammoth* Black Mammoth Black Mountain Black Shield Black Tusk Res* Black Tusk Res Blackrock Silv* Blackrock Silv Blackwolf Cop Blackwolf Cop* Blind Creek BLOX Inc* Blue Lagoon Blue Lagoon* Blue Moon* Blue Moon Blue River Res Blue River Res*

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

28208 15209 1082 172 2442 789 6586 4482 774 422 102 801 5 199 69012 19027 17 299 2951 911 388 891 708 21 190 68 69 1712 1116 1910 14 451 753 966 247 83 144 127 88 387 0 314 547 1644 50 1235 116 2357 505 98 291 826 1 58 0 207 230 164 1311 50 1713 384 8224 1 2 15 20 419 741 1549 1806 343 136 471 19367 400 475 122 94 572 301

5.29 6.40 0.10 0.20 0.31 0.27 0.15 0.29 0.24 0.04 0.57 0.70 0.25 0.35 24.44 29.53 0.41 0.58 0.15 0.12 0.49 0.59 0.13 0.10 0.14 0.70 2.20 2.65 0.24 0.21 0.07 0.22 0.26 1.98 1.63 0.20 0.17 0.27 0.15 0.18 0.00 0.07 0.82 0.68 0.37 0.45 1.36 1.64 0.47 0.39 0.15 0.19 0.65 0.79 0.00 0.07 0.18 0.14 0.16 0.04 69.65 0.62 0.76 0.12 0.00 0.55 0.13 0.04 0.05 0.79 0.96 1.45 1.20 0.11 0.01 0.60 0.51 0.07 0.08 0.02 0.02

Last

12-month

High

Change

Stock

0.01 0.01 0.00 0.01 0.01 0.01 0.03 0.03 0.20 0.00 0.01 0.01 0.02 0.02 0.03 0.06 0.32 0.39 0.00 0.08 0.00 0.01 0.01 0.23 0.28 0.00 0.04 0.00 0.00 0.01 0.01 0.01 0.00 0.65 0.03 0.02 0.01 0.02 0.04 0.00 0.04 0.02 0.01 0.02 0.19 0.14 0.07 0.07 0.05 0.04 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.02 0.07 0.08 0.00 0.00 0.01 0.01 0.02 0.01 0.16 0.12 0.01 0.01 0.00 0.02 0.01 0.13 0.14 0.01 0.01 0.01 0.01 0.00 0.06 0.00 0.02 0.02 0.02 0.03 0.02 0.00 0.01 0.03 0.02 0.00 0.00 0.01

0.35 0.24 0.35 3.42 2.63 0.40 0.60 0.49 3.29 0.15 0.18 3.09 2.50 0.33 0.41 0.97 5.63 7.64 0.24 0.32 0.99 0.22 0.27 1.33 1.63 0.10 0.64 0.05 0.09 0.13 0.30 0.40 0.05 6.40 0.27 0.34 0.23 0.65 0.78 0.08 0.40 0.65 3.60 2.79 18.30 18.11 4.31 5.75 1.25 0.99 0.31 0.24 1.35 1.03 1.28 1.68 0.10 0.17 0.96 1.01 0.04 0.13 0.69 0.38 0.56 0.39 0.72 0.63 0.36 0.25 0.01 0.48 0.40 2.82 3.60 0.16 0.20 0.22 0.25 0.16 7.00 0.12 0.14 0.36 0.30 3.27 2.35 0.14 0.18 0.70 0.53 0.01 0.20 0.27

0.15 0.09 0.04 1.67 1.19 0.00 0.13 0.10 1.75 0.08 0.11 0.52 0.46 0.08 0.12 0.40 0.87 1.23 0.03 0.04 0.46 0.06 0.08 0.52 0.74 0.02 0.17 0.02 0.03 0.04 0.12 0.16 0.00 2.00 0.08 0.11 0.03 0.17 0.23 0.00 0.00 0.22 0.84 0.55 4.22 3.30 1.78 2.22 0.40 0.28 0.03 0.02 0.40 0.32 0.43 0.78 0.02 0.03 0.13 0.00 0.01 0.07 0.05 0.11 0.17 0.13 0.04 0.00 0.05 0.12 0.00 0.07 0.11 0.37 0.52 0.06 0.06 0.05 0.05 0.04 0.95 0.04 0.06 0.15 0.10 0.78 0.60 0.01 0.02 0.16 0.11 0.00 0.07 0.10

Blue Sky Uran* Blue Sky Uran Blue Star Gold* Blue Star Gold Blue Thunder BlueBird Batt* BlueBird Batt Bluestone Res Bluestone Res* BMEX Gold BMEX Gold* Bold Ventures Bolt Metals* Bolt Metals Bonanza Gold* Bond Resources BonTerra Res Boreal Metals* Boreal Metals Borneo Res Inv* Boundary Gold* Boundary Gold Bravada Gold* Bravada Gold Braveheart Res* Braveheart Res Bravo Multinat* Brazil Min* Brigadier Gold* Brigadier Gold BrightRock* Britannia Mng* Brixton Metals* Brixton Metals Brunswick Expl Bryn Res* BTU Metals* BTU Metals Buccaneer Gold Buenaventura* Buffalo Coal Bullet Explor Bullion Gold* Bunker Hill Bushveld Min* BWR Explor

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

0.09 0.09 0.01 0.02 0.02 0.01 0.02 0.08 0.07 0.00 0.02 0.03 0.01 0.00 0.10 0.10 0.00 0.04 0.01 0.00 0.05 0.06 0.03 0.00 0.01 0.12 0.02 0.00 0.01 0.01 0.00 0.05 0.07 0.04 0.02 0.02 0.01 0.02 0.00 0.00 0.00 0.01 0.07 0.06 0.02 0.01 0.15 0.22 0.02 0.05 0.02 0.03 0.00 0.03 0.00 0.01 0.02 0.02 0.02 0.00 1.00 0.17 0.22 0.01 0.00 0.09 0.02 0.01 0.00 0.05 0.06 0.07 0.04 0.01 0.00 0.04 0.04 0.01 0.01 0.00 0.00

7.55 9.99 0.16 0.44 0.71 1.12 0.16 0.39 0.90 0.11 0.57 0.70 0.31 0.42 31.22 41.09 0.58 0.75 0.24 0.21 1.15 1.19 0.16 0.13 0.26 0.90 2.20 2.65 0.26 0.25 0.09 0.22 0.30 4.17 3.04 0.34 0.25 0.44 0.32 0.45 0.07 0.11 1.44 1.10 0.42 0.57 1.32 1.64 0.47 0.52 0.22 0.30 1.10 1.40 0.04 0.10 0.26 0.19 0.25 0.10 71.34 0.62 0.76 0.19 0.26 0.75 0.13 0.08 0.10 1.22 1.61 1.49 1.75 0.27 0.05 1.19 0.91 0.08 0.09 0.03 0.02

4.16 5.25 0.08 0.04 0.08 0.06 0.02 0.06 0.04 0.00 0.21 0.25 0.08 0.05 18.64 23.63 0.26 0.32 0.05 0.03 0.23 0.15 0.06 0.04 0.03 0.50 1.00 1.33 0.08 0.05 0.03 0.04 0.04 1.74 1.28 0.10 0.06 0.09 0.05 0.07 0.06 0.04 0.59 0.43 0.16 0.22 0.24 0.32 0.37 0.04 0.07 0.10 0.11 0.15 0.04 0.04 0.04 0.02 0.03 0.00 51.97 0.06 0.08 0.02 0.04 0.35 0.11 0.03 0.04 0.14 0.20 0.38 0.34 0.04 0.00 0.43 0.27 0.01 0.01 0.01 0.00

C2C Gold* C3 Metals C3 Metals* Cabral Gold* Cabral Gold Cache Explor* Cadillac Vent* Cadillac Vent Caledonia Mng* Calibre Mng* Calibre Mng Califfi Cap California Gld* California Gld Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Camino Min Camino Min* Camrova Res* Canada Carbon Canada Carbon* Canada Nickel Canada Nickel* Canada One* 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 Canamex Gold* 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 Cardero Res* Cardero Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Cascada Silver Cascadero Copp Cassiar Gold Castle Peak Mg CAT Strategic CAT Strategic* CAVU Mining Cdn Goldcamps Cdn Goldcamps* CDN Maverick* Cdn Palladium Cdn Palladium* CellCube Enrgy* Centamin Centaurus Diam* Centerra Gold Central Afric Central Afric* Central Iron Century Cobalt* Century Global* Century Global Cerrado Gold* Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande* Cerro Grande Ceylon Graph Chakana Copper Chakana Copper* Chalice Gold M* Champion Bear* Champion Bear Champion Iron* Champion Iron Chatham Rock Chatham Rock* Chesapeake Gld* Chesapeake Gld Chevron Corp* Chiboug Ind Mn Chiboug Ind Mn* Chilean Metals Chilean Metals* China Gold Int Clarity Gold Clarity Gold* Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Min Cleghorn Min* Cleveland-Clif* Cliffmont Res

B 4.93 5.10 5.97 6.19 0.08 0.08 0.18 0.20 + 0.24 0.26 0.20 0.22 0.12 0.14 0.20 0.29 + 0.16 0.24 + 0.00 0.02 0.45 0.49 + 0.53 0.60 + 0.25 0.25 + 0.29 0.30 unch 23.14 24.02 + 28.10 29.12 + 0.00 0.41 unch 0.50 0.57 + 0.12 0.14 + 0.10 0.10 + 0.39 0.40 0.47 0.48 0.10 0.13 + 0.10 0.10 + 0.12 0.13 + 0.58 0.58 2.16 2.18 + 2.62 2.64 unch 0.21 0.23 0.18 0.19 0.07 0.07 unch 0.15 0.15 0.20 0.20 1.74 1.93 + 1.43 1.58 + 0.00 0.20 + 0.13 0.16 + 0.21 0.23 0.13 0.15 0.16 0.18 unch 0.00 0.07 unch 0.06 0.06 0.75 0.75 0.62 0.62 0.34 0.35 0.41 0.45 + 1.14 1.33 + 1.37 1.63 + 0.39 0.41 0.33 0.33 0.12 0.15 + 0.16 0.19 + 0.00 0.65 + 0.73 0.74 0.00 0.04 unch 0.00 0.06 0.16 0.16 0.10 0.11 0.13 0.13 0.04 0.04 unch 65.08 67.61 0.39 0.41 0.46 0.49 0.12 0.12 0.00 0.13 unch 0.00 0.46 0.00 0.13 + 0.03 0.03 0.04 0.04 unch 0.65 0.68 0.79 0.82 1.17 1.35 0.96 1.09 0.09 0.11 + 0.01 0.01 + 0.53 0.55 0.43 0.45 0.06 0.07 + 0.07 0.08 0.00 0.02 unch 0.00 0.01 -

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

745 1942 0 414 3092 175 1359 318 93 153 17 15 18 16 24116 416 136 259 185 9858 17 323 489 940 252 1152 28 78979 596 957 309 1222 1139 848 204 265 267 1694 15 11419 2 3 33 638 40 76

0.23 0.28 0.00 0.08 0.05 0.13 0.14 1.75 1.45 0.25 0.21 0.09 0.36 0.42 0.01 0.12 1.26 0.08 0.10 0.00 0.06 0.08 0.08 0.10 0.11 0.14 0.16 0.02 0.13 0.14 0.08 0.02 0.20 0.23 0.19 0.03 0.12 0.15 0.07 11.80 0.00 0.16 0.07 0.30 0.28 0.04

0.16 0.19 0.20 0.23 0.00 0.06 unch 0.07 0.08 + 0.05 0.05 unch 0.10 0.10 0.11 0.12 1.61 1.68 1.33 1.39 unch 0.23 0.25 + 0.19 0.19 0.00 0.09 unch 0.30 0.31 0.00 0.37 unch 0.01 0.01 + 0.10 0.10 1.18 1.22 + 0.07 0.07 0.00 0.09 0.00 0.00 0.05 0.06 + 0.00 0.07 + 0.07 0.07 0.09 0.09 0.09 0.09 0.12 0.12 unch 0.00 0.14 0.01 0.01 0.09 0.10 + 0.11 0.13 0.05 0.05 0.01 0.01 0.17 0.18 0.21 0.22 0.17 0.19 + 0.00 0.03 + 0.10 0.11 + 0.12 0.15 + 0.07 0.07 unch 10.43 11.72 + 0.00 0.03 unch 0.16 0.16 unch 0.07 0.07 unch 0.27 0.28 0.21 0.26 + 0.04 0.04 +

O 453 V 1292 O 453 O 40 V 283 O 327 O 15 V 771 X 536 O 268 T 1866 V 102 O 72 C 169 O 98 V 74 N 26428 T 8125 V 732 O 80 O 2 V 272 O 15 V 1306 O 357 O 1 V 17 V 866 O 293 V 842 O 473 O 0 C 50 V 125 V 19 O 50 T 180 O 455 V 666 O 19 V 573 O 10 V 29 T 960 O 49 V 746 O 100 V 1033 O 18 V 9 V 199 O 426 V 1370 O 82 V 641 O 72 V 152 O 10 V 146 O 28 V 783 V 475 O 240 T 12061 O 43 V 121 V 38 V 18 O 175 C 1560 C 726 O 477 V 427 V 63 C 4544 V 596 V 332 V 108 C 3930 O 130 C 20 C 711 O 7 O 0 C 2729 O 2442 O 690 T 149 O 211 T 7976 V 224 O 1 V 178 O 10 O 49 T 66 O 141 V 602 O 36 C 607 O 1 C 5 V 444 V 713 O 493 O 41 O 42 V 3 O 82 T 3228 V 10 O 0 O 49 V 88 N 56707 V 2206 O 113 V 1117 O 71 T 695 C 593 O 541 C 144 V 519 O 10 V 156 O 10 N 154204 V 123

0.27 0.16 0.13 0.43 0.52 0.07 0.02 0.03 15.24 1.76 2.04 0.18 0.14 0.17 2.74 3.40 20.27 24.50 0.23 0.19 0.07 0.18 0.18 4.20 3.50 0.09 0.10 0.10 0.08 0.41 0.34 0.00 0.30 0.28 0.09 0.43 0.52 0.62 0.74 0.03 0.11 0.47 0.54 0.18 0.05 0.08 0.09 0.11 0.16 0.20 0.15 0.26 0.31 0.24 0.29 0.70 0.83 0.19 0.24 0.10 0.12 0.39 0.32 6.64 0.09 0.10 0.08 0.06 0.15 0.03 0.14 0.24 0.29 0.14 0.10 0.04 0.48 0.02 0.06 0.05 0.40 0.08 0.08 0.00 0.18 0.15 0.05 2.07 0.05 9.63 0.23 0.18 0.08 0.03 0.34 0.40 1.50 1.64 0.31 0.40 0.01 0.03 0.20 0.46 0.38 6.16 0.08 0.00 5.64 6.82 0.10 0.00 3.60 4.36 113.11 0.29 0.21 0.22 0.18 4.47 1.15 0.95 0.62 0.38 0.20 0.12 0.08 22.90 0.17

0.24 + 0.14 0.11 0.36 0.43 0.07 + 0.02 unch 0.03 unch 14.43 1.62 1.99 0.16 0.14 + 0.17 + 2.44 + 3.01 + 19.66 23.79 0.21 0.19 + 0.07 unch 0.17 + 0.00 3.54 2.90 0.08 0.10 unch 0.08 0.07 0.38 0.31 0.24 unch 0.24 0.25 unch 0.09 + 0.40 0.49 0.54 0.64 0.02 0.10 unch 0.39 0.50 0.16 0.05 + 0.07 + 0.09 + 0.11 + 0.15 0.18 0.15 + 0.24 + 0.29 + 0.20 + 0.22 0.64 0.78 0.19 + 0.24 + 0.09 + 0.11 0.36 0.30 + 5.87 0.07 0.08 0.08 + 0.06 unch 0.12 0.03 0.12 0.22 0.27 0.14 unch 0.10 + 0.04 0.42 0.02 unch 0.05 unch 0.03 0.39 unch 0.08 0.05 0.25 unch 0.16 0.13 0.04 + 2.00 0.04 8.64 + 0.22 + 0.18 unch 0.07 unch 0.03 unch 0.26 + 0.31 + 1.28 + 1.51 0.30 0.38 0.01 0.02 0.19 0.42 0.35 5.89 0.07 0.09 unch 5.42 + 6.56 + 0.10 0.11 unch 3.45 4.06 109.47 0.24 + 0.20 + 0.19 0.17 3.76 0.91 0.76 0.61 0.36 0.19 + 0.11 0.08 unch 19.51 0.15 unch

Exc Volume

Week

Stock

0.03 0.05 0.00 0.01 0.00 0.01 0.01 0.02 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.02 0.00 0.00 0.01 0.03 0.00 0.01 0.01 0.01 0.01 0.01 0.03 0.00 1.36 0.00 0.00 0.00 0.02 0.01 0.01

0.26 0.33 0.12 0.16 0.15 0.26 0.40 2.43 1.84 1.05 0.65 0.16 0.53 0.70 0.04 0.43 1.62 0.10 0.14 0.01 0.08 0.09 0.19 0.25 0.13 0.17 0.55 0.10 0.45 0.62 0.11 0.04 0.42 0.57 0.28 0.05 0.32 0.43 0.14 14.32 0.04 0.45 0.19 1.01 0.60 0.06

0.06 0.09 0.04 0.05 0.05 0.10 0.12 1.50 1.21 0.08 0.16 0.04 0.06 0.09 0.00 0.09 0.79 0.06 0.04 0.00 0.01 0.02 0.06 0.08 0.03 0.05 0.05 0.00 0.07 0.11 0.01 0.00 0.12 0.16 0.09 0.01 0.00 0.11 0.05 7.52 0.01 0.14 0.03 0.27 0.00 0.02

0.03 0.02 0.01 0.05 0.07 0.01 0.00 0.00 0.48 0.03 0.01 0.02 0.01 0.01 0.10 0.16 0.42 0.65 0.01 0.02 0.00 0.01 0.14 0.56 0.50 0.02 0.00 0.01 0.01 0.02 0.02 0.00 0.01 0.00 0.01 0.03 0.04 0.07 0.09 0.00 0.00 0.09 0.07 0.01 0.00 0.01 0.00 0.01 0.04 0.01 0.01 0.00 0.01 0.00 0.03 0.06 0.04 0.00 0.01 0.01 0.01 0.03 0.00 0.42 0.00 0.02 0.01 0.00 0.00 0.01 0.02 0.01 0.02 0.00 0.01 0.01 0.05 0.00 0.00 0.00 0.00 0.01 0.02 0.00 0.02 0.01 0.00 0.02 0.00 0.25 0.01 0.00 0.00 0.00 0.06 0.08 0.03 0.05 0.03 0.01 0.01 0.01 0.03 0.02 0.01 0.22 0.01 0.00 0.06 0.04 0.01 0.00 0.09 0.25 0.55 0.08 0.08 0.03 0.01 0.07 0.16 0.14 0.02 0.01 0.01 0.01 0.00 1.61 0.00

0.27 0.19 0.15 0.70 0.88 2.08 0.04 0.06 29.39 2.40 2.80 0.21 0.23 0.30 5.26 6.50 20.27 24.58 0.30 0.22 0.10 0.37 0.26 4.54 3.68 0.09 0.12 0.22 0.18 0.77 0.60 0.27 0.45 0.48 0.16 0.78 0.95 0.68 0.84 0.07 0.26 0.52 0.68 0.27 0.08 0.11 0.25 0.33 0.22 0.31 0.30 0.29 0.40 0.37 0.50 1.29 1.76 0.32 0.40 0.10 0.12 0.50 2.00 6.64 0.09 0.11 0.10 0.07 0.33 0.10 0.19 0.31 0.37 0.20 0.20 0.06 1.20 0.04 0.10 0.15 0.50 0.55 0.35 1.00 0.18 0.16 0.15 4.04 0.10 19.59 0.43 0.34 0.25 0.15 0.25 0.33 1.50 1.65 0.35 0.49 0.05 0.06 0.62 0.80 0.61 6.16 0.16 0.27 5.64 6.89 0.32 0.18 5.75 7.61 113.11 0.29 0.21 0.55 0.40 4.47 1.82 1.48 1.11 0.49 0.31 0.15 0.08 22.90 0.20

0.03 0.05 0.03 0.07 0.12 0.01 0.01 0.02 12.08 0.85 1.22 0.15 0.07 0.09 0.30 0.49 9.01 11.84 0.08 0.07 0.01 0.12 0.00 0.78 0.67 0.01 0.03 0.05 0.03 0.38 0.31 0.05 0.06 0.14 0.05 0.31 0.06 0.10 0.14 0.01 0.07 0.08 0.10 0.06 0.01 0.02 0.08 0.10 0.04 0.06 0.13 0.03 0.03 0.12 0.15 0.52 0.69 0.04 0.05 0.02 0.03 0.21 0.11 0.48 0.02 0.03 0.05 0.02 0.08 0.02 0.04 0.11 0.17 0.04 0.08 0.01 0.28 0.01 0.01 0.03 0.10 0.06 0.07 0.07 0.07 0.05 0.01 1.77 0.01 8.21 0.05 0.02 0.02 0.01 0.05 0.06 0.79 0.93 0.21 0.24 0.00 0.01 0.06 0.16 0.11 0.59 0.07 0.08 1.20 1.68 0.06 0.04 2.12 2.97 65.16 0.11 0.08 0.05 0.01 0.45 0.22 0.66 0.50 0.27 0.10 0.06 0.04 3.80 0.06

Clifton Mng* Clydesdale Res CMC Metals CMC Metals* CNRP Mng Cobalt Block* Cobalt Block Coeur Mng* Colibri Res* Colibri Res Colombia Crest* Colombia Crest Colonial Coal Commander Res Commander Res* Commerce Res Commerce Res* Compass Gold Compass Gold* Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold* Condor Gold Condor Res* Condor Res Conquest Res Conquest Res * Cons Woodjam CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* CopAur Min Copper Fox Mtl Copper Fox Mtl* Copper Lake Rs Copper Mtn Mng* Copper Mtn Mng Copper One * Copperbank Res Copperbank Res* Cordoba Mnls* Cordoba Mnls Core Assets Cornerstone Ca Cornerstone Ca* Corsa Coal * Corsa Coal Cortus Metals Corvus Gold Corvus Gold* Crest Resource Crest Resource* Crestview Expl Cresval Cap Critical Elem* Critical Elem Cross River* Cross River Crown Mining Crown Mining* Cruz Cobalt* Cruz Cobalt CTGX Mining* Currie Rose Rs Cyon Explor* Cyon Explor Cypress Dev* Cypress Dev

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

46 50 1892 921 806 248 161 17146 86 284 135 74 623 101 98 254 29 68 12 4476 113 46 10 13 140 431 908 170 1944 1912 10582 50 67 249 1056 170 223 1388 734 264 2481 10835 355 929 1596 4 10 887 87 20 121 392 498 454 544 1232 61 206 30 56 403 2 434 2071 335 345 1168 0 322 442 2458 534 1770

0.22 0.05 0.16 0.13 0.37 0.06 0.08 9.61 0.12 0.14 0.17 0.20 0.74 0.23 0.19 0.30 0.24 0.21 0.18 3.52 0.11 0.09 0.75 0.82 0.18 0.22 0.15 0.11 0.24 14.11 14.14 0.24 0.29 0.08 0.10 0.02 0.92 0.65 0.53 0.06 4.20 5.07 0.14 0.72 0.59 0.95 1.13 0.10 4.50 3.72 0.35 0.42 0.18 3.30 2.74 0.21 0.17 0.58 0.05 1.09 1.32 0.15 0.18 0.33 0.29 0.08 0.10 0.00 0.05 0.11 0.15 1.00 1.21

Dajin Lithium* Dajin Res Dakota Ter Res* Damara Gold Damara Gold* Danakali* Decade Res Decade Res* Deep-South Res* Deep-South Res DeepRock Min Defense Metals* Defense Metals Defiance Silvr* Defiance Silvr Delrand Res Denarius Silv Denison Mines Denison Mines* Desert Gold* Desert Gold Desert Mtn Egy Diamante Min* Diamcor Mng Diamcor Mng* Diamond Disc* Diamond Fields* Diamond Fields Dios Expl Discovery Harb Discovery Harb* Discovery Min* Discovery Silv Discovery Silv* Discovery-Corp District Cop District Cop* District Metal* District Metal District Mines Ditem Explor* Dixie Gold DNI Metals* Dolat Ventures* Dolly Vard Sil* Dolly Vard Sil Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res DV Resources Dynacor Gld Mn Dynacor Gld Mn* Dynamic Gold* DynaResource* Dynasty Gold Dynasty Gold* E2Gold Inc E3 Metals* E3 Metals E79 Resources* E79 Resources Eagle Graphite* Eagle Graphite Eagle Plains East Africa * East Africa EastCoal Inc Eastern Platin* Eastern Platin Eastfield Res Eastfield Res* Eco Oro Min Eco Oro Min* Edgemont Gold Edgewater Expl Edison Cobalt* Edison Cobalt El Capitan Prc* El Nino Vent* El Nino Vent Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Eloro Res Eloro Res* Ely Gold Royal Ely Gold Royal* Elysee Dev Elysee Dev * Emerita Res Emerita Res* Emgold Mining Emgold Mining* Eminent Gold Eminent Gold* EMX Royalty* EMX Royalty

429 O 433 V 2559 O 391 V 6 O 278 O 1969 V 600 O 502 O 4818 V 2339 C 2239 O 8271 V 1529 O 1560 V 148 V 253 V T 10013 X 52020 7 O 149 V 617 V 10 O 515 V 1 O 1785 O 283 O 114 V 1066 V 780 V 35 O O 975298 2242 V 1149 O 20 V 1186 V 123 O 136 O 672 V 367 V 125 O 110 V 58 O 65 O 692 O 658 V 249 V 3654 V 1661 O 1526 N 2861 T 136 O 208 V 25 V 115 T 45 O 28 O 8 O 14 V 20 O 656 V 252 O 574 V 1 O 617 C 48 O 149 V 344 V 1 O 152 V 24 V 508 O 454 T 813 V 227 O 119 C 5 O 318 C 21 V 17 O 420 V 2510 O 12 O 93 V 388 V 223 O 7818 N 2461 T 1056 V 351 O 651 V 737 O 59 V 16 O V 11646 2017 O 1334 V 176 O 41 V 0 O 912 X 60 V

0.07 0.09 1.19 0.09 0.07 0.39 0.05 0.04 0.22 0.27 0.08 0.37 0.44 0.84 1.02 0.09 0.60 1.47 1.23 0.13 0.19 3.81 0.03 0.11 0.10 0.00 0.28 0.32 0.07 0.09 0.07 0.03 2.23 1.85 0.09 0.04 0.03 0.47 0.59 0.24 0.00 0.24 0.01 0.17 0.60 0.72 1.23 0.60 0.49 11.40 9.36 0.06 0.08 0.11 2.61 2.17 1.00 0.93 0.20 0.17 0.13 1.80 2.19 0.23 0.30 0.16 0.20 0.17 0.30 0.36 0.15 0.33 0.40 0.10 0.09 0.06 0.05 0.21 0.22 0.18 0.21 0.02 0.04 0.05 0.08 0.07 11.43 13.82 4.81 4.00 1.14 0.95 0.76 0.68 0.70 0.57 0.08 0.06 0.94 0.80 3.67 4.45

C 0.21 0.14 0.11 0.30 0.43 0.04 0.02 0.03 13.78 1.52 1.88 0.16 0.12 0.15 2.29 2.76 18.17 22.19 0.20 0.17 0.00 0.15 0.00 3.39 2.75 0.08 0.00 0.08 0.07 0.38 0.31 0.00 0.24 0.24 0.09 0.00 0.48 0.51 0.62 0.02 0.10 0.00 0.48 0.15 0.05 0.06 0.09 0.10 0.12 0.18 0.13 0.23 0.27 0.20 0.22 0.64 0.78 0.16 0.20 0.08 0.10 0.34 0.28 5.78 0.00 0.08 0.00 0.06 0.10 0.03 0.12 0.22 0.27 0.14 0.09 0.04 0.41 0.02 0.05 0.03 0.39 0.06 0.05 0.00 0.15 0.12 0.04 1.95 0.03 8.21 0.20 0.18 0.07 0.02 0.20 0.23 1.18 1.41 0.30 0.35 0.00 0.00 0.18 0.40 0.32 0.00 0.07 0.00 5.31 6.35 0.00 0.00 0.00 3.91 105.44 0.15 0.14 0.19 0.15 3.67 0.80 0.66 0.61 0.34 0.19 0.10 0.08 18.96 0.15

(100s)

High Low

High

Low

Last

12-month Change

0.20 0.21 0.05 0.05 unch 0.13 0.13 0.10 0.10 0.29 0.31 0.05 0.05 0.07 0.07 + 8.67 9.29 + 0.11 0.12 0.13 0.13 0.13 0.14 0.00 0.18 + 0.65 0.67 0.21 0.23 unch + 0.19 0.19 0.28 0.28 0.00 0.23 0.00 0.20 0.17 0.17 2.92 3.16 0.09 0.11 unch + 0.07 0.08 0.67 0.68 0.82 0.82 + 0.16 0.17 + 0.18 0.21 0.13 0.13 + 0.11 0.11 0.19 0.20 12.51 13.15 + 12.87 13.80 0.23 0.24 0.25 0.27 0.07 0.07 0.09 0.09 0.01 0.02 unch + 0.75 0.91 0.58 0.59 0.46 0.49 0.05 0.05 unch 3.56 3.67 4.31 4.44 0.11 0.11 0.58 0.60 + 0.48 0.51 0.92 0.92 1.07 1.10 0.09 0.09 3.85 3.96 3.24 3.25 0.28 0.30 + 0.33 0.37 0.14 0.15 + 3.08 3.28 + 2.54 2.73 + 0.18 0.20 + 0.16 0.16 0.48 0.49 + 0.05 0.05 1.00 1.03 1.22 1.23 0.06 0.07 + 0.15 0.17 0.24 0.25 0.21 0.22 + 0.06 0.07 + 0.08 0.10 0.00 0.03 unch 0.04 0.04 0.08 0.10 0.12 0.12 unch 0.84 0.87 1.01 1.04

High Low

0.01 0.00 0.01 0.01 0.04 0.01 0.01 0.05 0.01 0.01 0.03 0.03 0.01 0.00 0.01 0.02 0.02 0.02 0.01 0.20 0.00 0.01 0.07 0.05 0.01 0.01 0.02 0.00 0.01 0.18 0.05 0.01 0.04 0.00 0.01 0.00 0.11 0.02 0.01 0.00 0.27 0.33 0.02 0.01 0.01 0.03 0.05 0.01 0.37 0.31 0.00 0.04 0.01 0.19 0.16 0.02 0.03 0.10 0.01 0.01 0.03 0.08 0.01 0.02 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.04 0.07

0.35 0.07 0.27 0.21 0.82 0.14 0.17 12.60 0.12 0.15 0.35 0.44 0.94 0.32 0.20 0.50 0.39 0.32 0.23 9.85 0.14 0.17 2.59 1.40 0.50 0.44 0.36 0.26 0.30 14.11 15.89 0.27 0.35 0.20 0.28 0.05 0.96 0.66 0.53 0.07 4.20 5.07 0.60 0.82 0.65 1.70 2.21 0.20 6.53 5.00 0.40 0.51 0.35 4.26 3.29 0.22 0.17 2.53 0.16 1.28 1.63 1.22 0.50 0.36 0.29 0.14 0.18 0.20 0.06 0.17 0.38 2.00 2.45

0.07 0.03 0.05 0.04 0.13 0.02 0.04 3.81 0.03 0.04 0.08 0.11 0.25 0.08 0.05 0.18 0.13 0.17 0.14 0.45 0.06 0.01 0.03 0.55 0.00 0.06 0.06 0.10 0.04 3.66 7.97 0.09 0.14 0.06 0.09 0.01 0.11 0.07 0.05 0.01 0.31 0.44 0.02 0.14 0.12 0.74 0.96 0.07 2.80 1.87 0.12 0.16 0.12 2.17 1.64 0.06 0.07 0.29 0.02 0.16 0.23 0.01 0.15 0.03 0.02 0.02 0.03 0.00 0.03 0.08 0.12 0.12 0.18

0.01 0.01 0.40 0.01 0.01 0.01 0.00 0.00 0.04 0.03 0.01 0.10 0.12 0.03 0.05 0.02 0.12 0.03 0.05 0.00 0.02 0.23 0.00 0.01 0.00 0.00 0.04 0.03 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.03 0.04 0.00 0.00 0.00 0.02 0.01 0.02 0.15 0.29 0.23 0.48 1.00 0.01 0.01 0.01 0.03 0.04 0.00 0.17 0.02 0.00 0.01 0.21 0.19 0.01 0.01 0.11 0.03 0.01 0.01 0.02 0.00 0.05 0.06 0.01 0.00 0.01 0.00 0.01 0.02 0.02 0.03 0.00 0.00 0.00 0.01 0.00 0.03 0.04 0.32 0.28 0.07 0.06 0.02 0.02 0.07 0.10 0.00 0.00 0.07 0.00 0.16 0.20

0.16 0.20 1.07 0.20 0.16 0.47 0.14 0.10 0.23 0.30 0.09 0.59 0.75 0.84 1.05 0.33 0.69 2.29 1.81 0.26 0.35 4.59 0.05 0.16 0.12 0.01 1.00 1.25 0.24 0.16 0.13 0.04 2.84 1.93 0.12 0.05 0.04 0.47 0.59 0.36 0.02 0.41 0.09 0.51 0.91 1.17 1.33 0.62 0.50 18.05 10.73 0.13 0.18 0.20 2.62 2.17 3.00 1.10 0.35 0.19 0.24 4.22 5.37 0.73 0.95 0.28 0.38 0.19 0.39 0.58 0.15 0.43 0.57 0.10 0.09 0.10 0.07 0.31 0.27 0.19 0.25 0.02 0.05 0.07 0.19 0.16 14.49 18.90 5.88 4.65 2.09 1.54 0.76 0.68 0.70 0.58 0.16 0.12 0.99 0.80 3.81 4.83

0.01 0.02 0.13 0.03 0.01 0.22 0.03 0.02 0.13 0.04 0.01 0.10 0.14 0.12 0.18 0.07 0.42 0.41 0.30 0.08 0.10 0.29 0.01 0.06 0.05 0.00 0.06 0.09 0.06 0.05 0.03 0.00 0.49 1.68 0.06 0.01 0.00 0.09 0.15 0.12 0.00 0.14 0.00 0.03 0.19 0.28 0.57 0.08 0.06 8.50 6.27 0.04 0.06 0.07 1.62 1.15 0.99 0.42 0.05 0.05 0.10 0.18 0.26 0.07 0.02 0.02 0.03 0.11 0.07 0.09 0.09 0.17 0.22 0.03 0.02 0.05 0.03 0.10 0.06 0.12 0.02 0.00 0.01 0.02 0.03 0.02 7.79 10.43 0.30 0.23 0.78 0.61 0.31 0.21 0.05 0.05 0.06 0.03 0.22 0.47 1.54 2.20

D-F 0.06 0.06 0.08 0.08 + 0.75 1.19 0.08 0.09 0.00 0.07 0.38 0.35 0.04 0.05 unch 0.02 0.04 0.18 0.19 0.22 0.22 + 0.05 0.06 0.23 0.25 0.28 0.31 + 0.72 0.78 + 0.87 0.96 0.07 0.07 0.45 0.47 1.25 1.40 1.02 1.14 0.00 0.13 unch 0.16 0.17 3.36 3.51 0.03 0.03 unch 0.10 0.10 0.10 0.10 0.00 0.00 0.22 0.23 0.26 0.31 0.06 0.06 0.08 0.08 unch + 0.07 0.07 0.01 0.01 2.03 2.19 1.68 1.80 unch 0.09 0.09 unch + 0.03 0.04 + 0.03 0.03 + 0.38 0.41 + 0.46 0.52 0.18 0.21 0.00 0.00 unch 0.00 0.23 unch 0.01 0.01 unch + 0.13 0.17 + 0.51 0.56 + 0.63 0.69 1.00 1.03 + 0.32 0.60 + 0.27 0.49 + 10.32 11.38 8.14 8.25 + 0.05 0.06 + 0.07 0.08 0.11 0.11 2.50 2.56 2.06 2.11 0.99 0.99 unch 0.63 0.63 + 0.00 0.20 0.15 0.15 0.11 0.11 1.52 1.64 1.85 2.02 0.00 0.23 0.26 0.26 + 0.00 0.16 0.15 0.17 + 0.16 0.17 + 0.29 0.29 0.33 0.33 0.15 0.15 unch + 0.30 0.33 + 0.00 0.40 + 0.00 0.09 + 0.07 0.08 + 0.00 0.06 + 0.04 0.04 + 0.20 0.20 0.00 0.20 0.00 0.15 0.18 0.18 0.01 0.01 0.04 0.04 unch 0.00 0.05 unch 0.07 0.07 0.05 0.06 10.65 11.12 12.91 13.49 + 4.22 4.44 + 3.51 3.68 1.02 1.06 0.85 0.87 0.00 0.73 + 0.00 0.61 + 0.53 0.68 + 0.45 0.57 0.07 0.07 unch 0.05 0.05 + 0.80 0.87 0.00 0.80 unch 3.28 3.44 4.02 4.16

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

Encanto Potash* Encanto Potash EnCore Energy Endeavour Mng Endeavour Mng* Endeavr Silver* Endeavr Silver Endurance Gold* Endurance Gold Enduro Metals Enduro Metals* Energy Fuels Energy Fuels* Engineer Gold Engineer Gold* Engold Mines Engold Mines* Entree Res* Entree Res Equinox Gold* Equinox Gold Equitorial Ex* Equitorial Ex Equity Metals Equity Metals* Erdene Res Dev Erdene Res Dev* Erin Ventures* Erin Ventures Ero Copper Ero Copper* Eros Res Corp* Eros Res Corp Eros Res Corp Eskay Mng Eskay Mng* Essex Minerals Ethos Gold* Ethos Gold Etruscus Res* Etruscus Res Euro Manganese Euro Sun Mg Euro Sun Mg* EurOmax Res* EurOmax Res European Elect* European Elect European Metal* Evergold Evergold* Everton Res* EVI Global Grp Evolving Gold Evolving Gold* Evrim Res Excellon Res* Excellon Res Excelsior Mng* Excelsior Mng ExGen Res Inc ExGen Res Inc* Exploits Disc* Explorex Res* Explorex Res Fabled Silver* Fabled Silver Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Far Res Far Res* FenixOro Gold* FenixOro Gold Fidelity Min Filo Mg Corp Filo Mg Corp * Finlay Minrls Fiore Gold* Fiore Gold* Fiore Gold FireFox Gold FireFox Gold* Firestone Vent* Firestone Vent Fireweed Zinc* Fireweed Zinc First Cobalt * First Cobalt First Energy* First Energy First Majestic First Majestic* First Mg Fin First Mg Fin * First Point* First Quantum First Vanadium First Vanadium* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Five Star Diam* Fjordland Exp* Fjordland Exp Flow Metals Focus Graphite* Focus Graphite Fokus Mining Foran Mining* Foran Mining Forsys Metals Fort St James Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay Fortune Bay* Fortune Min Fortune Min* Forum Energy Forum Energy* Fosterville Founders Metal Four Nines Four Nines* Fox River Res* Fox River Res FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Freegold Vent Freeman Gold* Freeman Gold Freeport McMoR* Freeport Res Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold Full Metal Mnl Full Metal Mnl* Fury Gold Fury Gold* Fuse Cobalt* Fuse Cobalt

O 13 V 38 V 2080 T 3054 O 249 N 17412 T 2210 O 153 V 557 V 7219 O 1611 T 3492 X 17731 V 179 O 37 V 1459 O 183 O 162 T 1295 X 6768 T 3638 O 1 V 943 V 2645 O 1248 T 1497 O 573 O 95 V 509 T 1369 O 39 O 1147 V 1054 V 1054 V 932 O 507 V 67 O 455 V 698 O 195 C 159 V 370 T 963 O 600 O 1 T 59 O 1 V 28 O 3 V 120 O 46 O 60 C 1013 C 200 O 4 V 354 X 301 T 288 O 1884 T 4023 V 2 O 35 O 1532 O 7 C 4 O 1055 V 2128 V 158 O 35 V 254 O 73 V 1016 C 6913 O 730 O 1420 C 1190 V 101 V 7539 O 474 V 716 O 836 O 203 V 631 V 234 O 226 O 7 V 442 O 40 V 427 O 2213 V 1848 O 105 C 176 T 3525 N 22891 T 1585 O 2103 O 286 T 15541 V 309 O 610 V 2672 O 505 O 4389 T 9475 V 397 O 200 O 4 V 1222 C 363 O 14912 V 11745 V 812 O 34 V 4596 T 692 V 16 O 21 T 6775 N 20737 V 75 O 3 T 1163 O 585 V 2504 O 1970 V 470 V 74 C 318 O 17 O 10 C 174 V 289 N 2020 T 2165 O 178 T 818 O 191 C 1081 N 190729 V 638 V 2268 O 103 V 1486 V 86 V 91 O 54 T 471 X 834 O 511 V 739

G2 Goldfields* G2 Goldfields Gabriel Res* Gabriel Res Gaia Metals* Gaia Metals Galane Gold * Galane Gold Galantas Gold* Galantas Gold Galiano Gold Galiano Gold* Galleon Gold* Galleon Gold Galore Res Galway Gold * Galway Gold Galway Mtls* Galway Mtls Gambier Gold* Gambier Gold Garibaldi Res * Garibaldi Res Gatling Explor Gatling Explor* Gatos Silver Gatos Silver* General Gold Generation Min Generation Min* Generic Gold*

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

THE NORTHERN MINER / MAY 24–JUNE 6, 2021

Week High

Low

0.05 0.06 1.54 27.82 23.78 6.53 7.89 0.33 0.40 0.27 0.22 7.78 6.43 0.07 0.06 0.05 0.04 0.71 0.85 9.03 10.92 0.08 0.10 0.25 0.21 0.39 0.32 0.14 0.17 29.54 24.23 0.07 0.09 0.09 2.36 1.95 0.21 0.19 0.21 0.26 0.32 0.51 0.43 0.35 0.06 0.07 0.15 0.19 0.10 0.35 0.30 0.10 0.10 0.08 0.07 0.42 2.90 3.50 0.77 0.88 0.10 0.07 0.94 6.83 8.30 0.12 0.14 0.46 0.38 0.10 0.08 0.15 0.19 0.15 0.24 0.28 0.12 8.49 6.89 0.10 0.14 1.03 1.24 0.29 0.24 0.17 0.21 0.75 0.91 0.31 0.35 0.29 0.36 20.52 16.99 0.37 0.31 0.60 35.07 0.69 0.59 0.13 0.11 0.57 0.69 0.06 0.05 0.10 0.14 0.07 0.12 0.14 0.18 1.47 1.83 1.12 0.23 19.49 8.08 6.69 0.78 0.62 0.16 0.14 0.41 0.34 1.44 0.52 0.52 0.43 0.57 0.70 0.70 150.20 181.75 0.04 0.77 0.29 0.36 46.10 0.20 0.06 13.35 0.95 0.03 0.35 0.29 1.65 1.39 0.09 0.11

0.05 0.06 1.25 25.56 21.18 5.52 6.73 0.00 0.36 0.17 0.14 6.18 5.06 0.06 0.05 0.04 0.04 0.67 0.80 8.15 9.86 0.08 0.08 0.22 0.17 0.34 0.28 0.10 0.12 27.03 22.20 0.06 0.08 0.08 1.98 1.64 0.20 0.15 0.19 0.23 0.28 0.47 0.37 0.30 0.00 0.07 0.00 0.00 0.10 0.32 0.27 0.10 0.08 0.00 0.06 0.38 2.57 3.13 0.52 0.63 0.00 0.07 0.66 6.83 8.00 0.10 0.12 0.44 0.28 0.00 0.07 0.14 0.15 0.12 0.16 0.20 0.10 4.05 3.35 0.08 0.10 0.94 1.14 0.24 0.20 0.13 0.17 0.64 0.78 0.27 0.33 0.26 0.31 18.38 15.16 0.34 0.27 0.51 29.14 0.56 0.46 0.11 0.09 0.46 0.57 0.05 0.05 0.00 0.10 0.05 0.06 0.08 0.14 1.28 1.53 0.85 0.00 0.00 7.31 5.99 0.00 0.00 0.14 0.12 0.36 0.29 1.25 0.00 0.50 0.41 0.00 0.48 0.63 145.13 176.04 0.03 0.71 0.23 0.28 40.86 0.18 0.05 12.18 0.69 0.03 0.30 0.25 1.48 1.22 0.07 0.08

Last

12-month Change

Stock

Generic Gold Genesis Mtls* Genesis Mtls Genius Metals Gensource Pot Geomega Res Geomega Res* Getchell Gold Getchell Gold * Getty Copper GFG Resources GFG Resources* GGL Res* GGL Res GGX Gold* GGX Gold Giga Metals* Giga Metals Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake* Glacier Lake Gldn Predator Gldn Predator* Glen Eagle Res* Glen Eagle Res Glencore Plc * Glencore Plc* Global Atomic* Global Atomic Global Battery* Global Battery Global Energy* Global Energy Global Gold* 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 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 Std Vents* Gold Std Vents Gold X Mining Gold’n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldbank Mng* Goldbelt Emp Goldcliff Res Goldcliff Res* Golden Arrow Golden Arrow* Golden Band* Golden Birch Golden Dawn Ml Golden Goliath Golden Goliath* Golden Harp Golden Hope Golden Hope* Golden Indepen Golden Lake Golden Mnls Golden Mnls* Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Star* Golden Star Golden Star* Golden Sun* Golden Tag Golden Tag* Golden Valley Golden Valley* Goldex Res Goldex Res* 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 Goldseek 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* GPM Metals GR Silver* GR Silver Gran Colombia Gran Colombia* Granada Gold Granada Gold* Grande Portage Grande Portage* Granite Creek* Granite Creek Graphite One Graphite One* Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res* Great Bear Res Great Lakes Gr* Great Panther Great Panther* Great Thunder* Green Battery Green River* Green River Green Swan Cap Green Valley M Greencastle Rs Greenland M&En* Greenshield Ex Grenville Gold* Grenville Gold Grid Metals Grid Metals* Grizzly Discvr* Grizzly Discvr Group Eleven Group Ten Mtls* Group Ten Mtls GrowMax Res* GSP Resource GT Gold GT Gold * GTA Resources* Guardian Exp Gungnir Res* Gungnir Res

0.05 unch 0.06 1.50 + 27.55 + 22.71 + 5.98 7.23 0.30 + 0.38 + 0.21 0.17 6.88 5.70 0.06 0.05 0.05 + 0.04 + 0.70 + 0.83 + 8.31 10.09 0.08 unch 0.09 + 0.23 + 0.20 + 0.36 + 0.30 + 0.10 0.13 27.94 + 23.17 + 0.07 + 0.08 unch 0.08 unch 2.12 + 1.79 + 0.20 unch 0.15 + 0.20 + 0.26 + 0.31 + 0.49 0.42 + 0.35 + 0.06 + 0.07 + 0.14 0.18 0.10 unch 0.34 + 0.29 + 0.10 + 0.09 0.08 + 0.07 + 0.41 + 2.85 + 3.48 + 0.53 0.63 0.09 0.07 unch 0.76 + 6.83 unch 8.30 + 0.10 0.13 + 0.45 + 0.36 0.09 0.07 0.14 0.18 + 0.14 + 0.20 0.25 unch 0.10 7.57 + 6.26 + 0.10 + 0.11 0.97 1.18 0.26 0.21 0.13 0.21 + 0.66 0.79 0.28 0.35 unch 0.27 0.33 19.41 16.00 0.36 + 0.30 0.54 + 29.52 0.62 0.51 0.13 + 0.10 + 0.50 0.61 0.05 0.05 unch 0.10 + 0.11 0.07 + 0.07 0.09 0.14 1.47 + 1.74 + 0.92 0.23 unch 17.89 7.65 6.32 0.72 0.61 0.15 0.12 0.41 + 0.34 + 1.32 + 0.52 + 0.52 + 0.43 + 0.57 + 0.68 0.65 unch 149.57 + 181.11 + 0.04 0.74 0.27 + 0.34 unch 42.29 0.18 0.05 12.60 0.90 + 0.03 0.32 0.26 + 1.54 1.27 0.07 0.09 -

0.00 0.01 0.01 0.87 0.71 0.32 0.41 0.03 0.04 0.02 0.02 0.73 0.57 0.01 0.00 0.01 0.01 0.02 0.01 0.65 0.80 0.00 0.01 0.01 0.02 0.02 0.01 0.02 0.03 0.33 0.40 0.01 0.00 0.00 0.15 0.17 0.00 0.01 0.02 0.04 0.02 0.02 0.02 0.02 0.00 0.01 0.01 0.01 0.00 0.03 0.03 0.07 0.01 0.02 0.01 0.04 0.08 0.15 0.17 0.22 0.02 0.00 0.11 0.00 0.55 0.00 0.01 0.01 0.02 0.01 0.01 0.01 0.02 0.01 0.02 0.00 0.02 3.57 2.97 0.02 0.01 0.03 0.03 0.01 0.01 0.04 0.01 0.02 0.10 0.00 0.00 0.02 0.02 0.46 0.39 0.01 0.00 0.01 4.18 0.08 0.07 0.01 0.00 0.06 0.05 0.01 0.00 0.01 0.01 0.01 0.04 0.05 0.03 0.19 0.20 0.14 0.00 0.18 0.18 0.13 0.06 0.05 0.01 0.01 0.02 0.02 0.04 0.04 0.01 0.03 0.13 0.02 0.00 1.69 1.53 0.00 0.02 0.00 0.00 1.68 0.01 0.01 0.22 0.07 0.01 0.02 0.03 0.09 0.07 0.02 0.02

0.10 0.12 1.54 39.21 30.33 6.91 8.63 0.34 0.44 0.38 0.28 9.75 7.83 0.21 0.11 0.08 0.05 0.70 0.85 13.66 17.99 0.27 0.37 0.33 0.25 0.71 0.55 0.19 0.25 29.54 24.23 0.11 0.17 0.17 3.14 2.47 0.92 0.28 0.37 0.34 0.48 0.85 0.63 0.49 0.16 0.24 0.39 0.60 1.02 0.95 0.71 0.90 0.23 0.15 0.11 0.62 3.90 6.15 0.94 1.19 0.20 0.11 0.94 8.34 10.50 0.60 0.40 0.60 0.72 0.25 0.19 0.17 0.31 0.24 0.56 0.63 0.17 8.49 6.89 0.15 0.26 1.33 1.75 0.33 0.25 0.22 0.21 0.97 1.31 0.37 0.46 0.31 0.62 30.75 24.01 0.60 0.47 0.76 35.07 0.70 1.10 0.17 0.13 0.57 0.69 0.07 0.05 0.21 0.27 0.20 0.22 0.28 0.48 1.47 1.80 1.12 0.30 20.40 12.61 9.85 1.56 1.21 0.27 0.22 0.42 0.35 5.34 0.60 0.52 0.43 0.57 0.73 0.94 166.11 222.15 0.15 1.95 0.89 0.84 46.10 0.95 0.17 18.11 1.39 0.04 0.35 0.29 7.78 3.94 0.26 0.33

0.02 0.02 0.18 23.12 18.11 1.35 1.91 0.03 0.05 0.09 0.06 1.91 1.38 0.05 0.04 0.03 0.02 0.23 0.34 7.72 9.76 0.06 0.05 0.06 0.03 0.21 0.15 0.02 0.03 14.54 10.42 0.05 0.06 0.06 0.17 0.12 0.17 0.08 0.11 0.18 0.20 0.05 0.28 0.20 0.00 0.01 0.14 0.10 0.00 0.22 0.00 0.03 0.05 0.02 0.01 0.28 2.20 2.23 0.44 0.60 0.05 0.06 0.19 3.02 3.49 0.07 0.04 0.27 0.16 0.06 0.02 0.05 0.03 0.02 0.16 0.20 0.03 1.43 1.00 0.04 0.05 0.56 0.80 0.08 0.10 0.02 0.11 0.28 0.37 0.09 0.12 0.25 0.11 10.16 7.20 0.21 0.15 0.10 7.34 0.16 0.11 0.04 0.03 0.14 0.19 0.01 0.01 0.03 0.05 0.05 0.01 0.02 0.11 0.08 0.10 0.12 0.10 7.73 4.39 3.11 0.75 0.10 0.05 0.03 0.08 0.06 1.07 0.37 0.11 0.15 0.04 0.06 0.14 105.62 133.63 0.00 0.33 0.18 0.28 7.81 0.15 0.05 8.24 0.17 0.01 0.15 0.00 1.44 1.08 0.02 0.03

0.30 0.32 0.00 0.39 0.20 0.20 0.25 0.25 0.07 0.07 + 0.08 0.08 0.19 0.20 0.23 0.24 unch 0.00 0.40 0.47 0.49 + 1.44 1.49 1.18 1.22 0.10 0.10 0.12 0.12 0.02 0.02 unch 0.00 0.10 0.12 0.12 0.76 0.79 0.94 0.96 0.20 0.21 0.23 0.23 0.37 0.39 0.44 0.48 unch 0.43 0.43 0.35 0.35 13.70 14.75 + 11.21 12.17 + 0.39 0.39 0.99 1.02 0.81 0.84 0.50 0.50 -

0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.05 0.01 0.06 0.07 0.00 0.01 0.00 0.00 0.01 0.03 0.05 0.02 0.03 0.01 0.00 0.03 0.03 0.38 0.36 0.04 0.01 0.01 0.01

0.87 1.20 0.44 0.59 0.13 0.18 0.30 0.41 0.49 0.59 2.80 2.12 0.14 0.20 0.03 3.95 0.39 1.57 2.09 0.29 0.36 0.62 0.85 0.86 0.70 31.08 24.00 0.50 1.20 0.95 0.50

0.25 0.35 0.15 0.20 0.06 0.07 0.06 0.10 0.16 0.22 1.28 1.01 0.04 0.06 0.01 0.07 0.11 0.23 0.37 0.03 0.05 0.20 0.39 0.40 0.33 7.77 5.78 0.16 0.39 0.21 0.28

G-H 74 143 37 59 30 203 659 1009 3 46 254 4504 1000 2042 54 12 514 146 471 31 312 65 206 747 76 137 3346 170 2979 667 5

0.33 0.39 0.22 0.26 0.07 0.09 0.22 0.27 0.45 0.54 1.57 1.30 0.11 0.14 0.02 0.10 0.13 0.85 1.03 0.22 0.26 0.40 0.49 0.47 0.39 15.86 13.19 0.48 1.10 0.92 0.50

(100s)

High Low

Exc Volume C 688 O 170 V 867 C 89 V 406 V 772 O 91 C 223 O 114 V 111 V 154 O 249 O 10 V 77 O 29 V 144 O 890 V 981 V 67 O 33 O 467 V 454 V 91 O 1 V 160 V 327 O 454 O 1 V 140 O 498 O 2399 O 727 T 2221 O 1493 V 932 O 105 V 770 O 1 O 232 C 709 O 0 O 35 T 197 O 427 V 375 O 1725695 O 19 C 14 V 9 T 3575 C 57 O 11 C 77 V 186 O 201 O 0 N 26311 O 208 V 1508 C 154 V 776 O 607 C 319 O 441 V 1006 C 114 O 24 V 16 X 5529 X 676 X 4048 T 443 V 714 C 269 V 417 O 346 V 0 O 0 V 464 V 232 O 33 V 164 O 193 O 270 C 272 V 19 V 665 O 411 V 8 V 34 O 3 C 996 C 1090 T 161 X 4132 O 75 V 90 V 2120 V 242 V 92 O 1 T 115 X 3552 O 11 V 1392 O 1016 V 8 O 4 V 18 O 19 O 230 T 36 O 294 O 15 V 270 T 1031 V 409 O 24 V 482 V 514 C 303 O 199 O 249 C 287 O 15 O 1376 V 944 V 110 O 1 O 256 V 778 V 1861 O 2299 V 3225 O 21 V 132 O 80 V 181 O 860 V 1264 T 1815 O 146 V 2285 O 604 V 2348 O 799 O 528 V 545 V 204 O 298 O 551 V 3269 C 1524 V 107 O 62 V 245 O 1353 T 861 X 8919 O 284 V 784 O 172 C 1281 V 695 V 15 V 718 O 4737 V 22 O 1 C 4 V 552 O 148 O 826 V 778 V 184 O 629 V 1075 O 7455 V 363 V 745 O 33 O 0 V 72 O 307 V 236

Week High 0.66 0.17 0.20 0.20 0.24 0.49 0.41 0.52 0.43 0.08 0.17 0.15 0.15 0.17 0.11 0.14 0.34 0.40 0.09 0.08 0.46 0.55 0.19 0.12 0.29 0.21 0.18 0.05 0.05 4.78 9.48 2.76 3.33 0.25 0.30 0.28 0.35 1.50 0.12 0.14 0.13 0.85 1.05 0.27 0.32 0.00 0.03 0.04 0.24 2.72 0.20 0.32 0.36 0.47 0.40 0.00 11.25 0.13 0.15 0.53 0.35 0.14 0.18 2.11 2.54 0.15 1.42 1.63 2.82 5.35 0.62 0.75 3.66 0.13 0.09 0.08 0.00 0.10 0.02 0.11 0.10 0.18 0.15 0.00 0.13 0.13 0.08 0.07 0.22 0.40 0.34 0.26 0.40 0.97 0.79 0.11 0.14 0.18 4.63 0.13 2.85 4.21 3.49 1.44 0.43 0.36 6.96 5.75 0.08 0.07 0.04 0.04 0.40 0.18 0.26 2.01 0.36 0.31 0.20 0.25 0.06 0.05 0.06 0.22 0.15 0.11 0.12 0.14 0.12 0.61 0.73 0.35 0.29 0.35 0.24 0.30 0.07 0.08 0.62 0.74 5.37 4.44 0.17 0.14 0.55 0.46 0.19 0.23 1.52 1.27 1.12 1.30 0.63 0.50 12.63 15.34 0.01 1.02 0.85 0.30 0.29 0.07 0.08 0.06 0.87 0.16 0.09 0.17 0.17 0.23 0.26 0.22 0.06 0.07 0.18 0.37 0.45 0.03 0.27 3.25 2.68 0.00 0.12 0.07 0.07

Low

Last

12-month Change

0.57 0.63 + 0.15 0.17 + 0.18 0.20 + 0.17 0.20 0.23 0.23 0.39 0.41 0.31 0.34 0.48 0.50 + 0.38 0.43 + 0.07 0.08 + 0.16 0.16 unch 0.13 0.14 + 0.15 0.15 unch 0.00 0.17 unch 0.00 0.11 + 0.00 0.14 unch 0.27 0.30 0.33 0.36 0.09 0.09 0.06 0.06 0.34 0.38 0.42 0.45 0.15 0.19 + 0.12 0.12 unch 0.27 0.28 + 0.19 0.20 0.16 0.16 0.05 0.05 + 0.05 0.05 4.48 4.62 + 8.98 9.15 + 2.29 2.39 2.79 2.91 0.18 0.25 + 0.22 0.30 + 0.22 0.26 + 0.27 0.32 + 0.00 1.50 0.09 0.09 0.11 0.11 0.00 0.13 unch 0.79 0.85 + 0.98 1.05 + 0.24 0.25 0.28 0.30 + 0.00 0.00 + 0.02 0.02 + 0.00 0.04 unch 0.00 0.21 2.27 2.42 0.20 0.20 unch 0.00 0.29 0.34 0.35 0.00 0.43 0.30 0.34 0.00 8.00 unch 10.24 11.22 + 0.11 0.12 0.13 0.14 0.46 0.47 0.29 0.33 0.13 0.13 0.15 0.17 1.67 1.75 2.01 2.18 0.13 0.14 1.22 1.26 1.50 1.63 + 2.56 2.74 4.50 4.72 0.56 0.58 0.68 0.70 3.40 3.59 0.12 0.13 0.08 0.09 unch 0.05 0.07 0.00 0.13 unch 0.00 0.10 0.02 0.02 unch 0.11 0.11 0.09 0.09 0.00 0.17 0.14 0.15 + 0.00 0.00 0.11 0.11 0.00 0.13 0.07 0.08 0.05 0.06 0.22 0.22 unch 0.37 0.38 0.31 0.32 0.20 0.23 0.36 0.38 + 0.81 0.82 0.66 0.69 0.00 0.11 0.14 0.14 0.13 0.14 + 4.25 4.45 0.11 0.12 unch 0.00 2.50 unch 3.90 4.18 + 3.22 3.45 + 0.00 0.35 0.39 0.41 0.32 0.33 6.61 6.70 5.45 5.52 0.07 0.07 unch 0.06 0.07 + 0.03 0.03 0.00 0.04 0.31 0.32 0.18 0.18 unch 0.19 0.25 + 1.87 1.91 0.30 0.34 unch 0.26 0.26 0.18 0.19 + 0.24 0.24 0.05 0.05 unch 0.03 0.04 + 0.00 0.06 + 0.16 0.18 + 0.00 0.15 0.09 0.10 0.11 0.12 0.13 0.14 + 0.12 0.12 unch 0.55 0.61 + 0.67 0.73 + 0.19 0.26 + 0.22 0.24 0.27 0.30 0.22 0.22 0.27 0.27 0.07 0.07 unch 0.08 0.08 unch 0.55 0.56 0.68 0.68 5.00 5.24 unch 4.01 4.36 + 0.13 0.15 + 0.11 0.13 + 0.38 0.52 + 0.30 0.45 + 0.14 0.17 0.20 0.20 1.32 1.37 1.09 1.12 0.85 0.95 1.02 1.16 0.51 0.55 0.46 0.49 + 11.28 11.88 13.92 14.34 0.01 0.01 0.93 0.99 0.77 0.80 0.25 0.27 0.22 0.27 + 0.05 0.07 + 0.07 0.08 + 0.05 0.06 + 0.66 0.75 0.15 0.15 unch 0.07 0.07 + 0.17 0.17 + 0.00 0.17 unch 0.00 0.23 unch 0.23 0.24 unch 0.19 0.20 0.04 0.06 + 0.05 0.07 + 0.15 0.15 0.32 0.35 0.39 0.41 0.02 0.03 0.22 0.22 3.24 3.24 unch 0.00 2.67 + 0.00 0.00 unch 0.11 0.11 0.04 0.04 0.05 0.05 -

0.03 0.02 0.02 0.02 0.01 0.07 0.06 0.02 0.04 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.03 0.01 0.01 0.05 0.09 0.05 0.00 0.01 0.01 0.01 0.00 0.01 0.11 0.09 0.18 0.17 0.01 0.01 0.03 0.04 0.05 0.02 0.03 0.00 0.04 0.07 0.02 0.01 0.00 0.00 0.00 0.03 0.17 0.00 0.04 0.05 0.05 0.05 0.00 0.74 0.00 0.01 0.06 0.02 0.03 0.02 0.31 0.33 0.01 0.05 0.13 0.03 0.28 0.03 0.04 0.02 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.02 0.01 0.00 0.00 0.01 0.02 0.03 0.02 0.12 0.09 0.01 0.01 0.01 0.13 0.00 0.00 0.02 0.04 1.09 0.01 0.01 0.18 0.06 0.00 0.00 0.00 0.01 0.06 0.00 0.01 0.05 0.00 0.02 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.03 0.02 0.08 0.02 0.02 0.02 0.04 0.00 0.00 0.02 0.03 0.00 0.06 0.02 0.01 0.15 0.13 0.01 0.02 0.05 0.06 0.08 0.08 0.09 0.03 0.52 0.63 0.00 0.02 0.03 0.02 0.03 0.01 0.01 0.01 0.05 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.03 0.00 0.07 0.00 0.01 0.00 0.01 0.02 0.02

High Low 0.65 0.38 0.40 0.32 0.25 0.60 0.47 0.69 0.55 0.11 0.31 0.24 0.29 0.45 0.22 0.30 1.84 2.44 0.21 0.14 0.70 0.87 0.22 0.13 0.46 0.48 0.37 0.09 0.12 4.78 9.48 2.76 3.33 1.52 1.93 0.28 0.35 2.70 0.21 0.27 0.80 0.86 1.07 0.30 0.40 0.00 0.12 0.16 0.35 2.88 0.60 0.33 0.50 0.71 0.56 15.00 14.90 0.23 0.23 0.95 0.76 0.52 0.75 2.23 2.73 0.30 2.02 2.70 5.04 5.35 1.14 1.50 4.62 0.35 0.14 0.11 0.18 0.11 0.05 0.16 0.13 0.22 0.20 0.01 0.26 0.20 0.38 0.32 0.44 0.50 0.34 0.72 0.70 1.65 1.30 0.25 0.38 0.31 5.44 0.20 3.49 6.89 5.20 5.10 0.65 0.60 8.32 6.43 0.12 1.10 0.07 0.10 0.87 0.19 0.28 3.85 1.14 0.86 0.20 0.50 0.08 0.05 0.10 0.59 0.43 0.14 0.19 0.30 0.12 0.74 0.94 0.35 0.32 0.39 0.39 0.51 0.08 0.11 0.74 0.95 8.40 6.61 0.34 0.26 0.68 0.52 0.20 0.25 2.40 1.89 1.51 1.84 2.86 0.88 14.62 19.83 0.02 1.47 1.16 0.73 0.72 0.07 0.10 0.12 1.81 0.26 0.30 0.20 0.28 0.35 0.34 0.27 0.07 0.10 0.18 0.50 0.51 0.10 0.67 3.25 2.68 0.00 0.20 0.08 0.10

0.09 0.14 0.16 0.16 0.09 0.13 0.08 0.19 0.15 0.02 0.14 0.11 0.05 0.06 0.05 0.07 0.11 0.16 0.05 0.01 0.05 0.08 0.10 0.07 0.20 0.17 0.13 0.04 0.05 1.58 3.13 0.36 0.48 0.04 0.06 0.11 0.10 0.55 0.03 0.05 0.00 0.24 0.33 0.11 0.12 0.00 0.01 0.03 0.21 0.71 0.19 0.03 0.15 0.04 0.03 7.40 6.97 0.03 0.05 0.30 0.24 0.13 0.13 1.06 0.76 0.09 1.17 1.50 2.48 3.39 0.50 0.63 2.20 0.11 0.04 0.02 0.09 0.06 0.02 0.07 0.05 0.14 0.09 0.00 0.03 0.08 0.06 0.00 0.15 0.14 0.24 0.20 0.12 0.30 0.21 0.10 0.13 0.12 0.90 0.05 0.17 3.30 2.41 0.00 0.08 0.05 5.10 4.92 0.06 0.04 0.01 0.02 0.11 0.12 0.08 1.43 0.32 0.00 0.18 0.14 0.02 0.01 0.01 0.16 0.15 0.07 0.09 0.09 0.10 0.10 0.12 0.03 0.09 0.12 0.14 0.20 0.03 0.05 0.22 0.33 4.95 4.01 0.13 0.09 0.20 0.15 0.08 0.05 0.24 0.17 0.07 0.08 0.30 0.35 7.72 10.35 0.00 0.54 0.38 0.26 0.06 0.04 0.05 0.02 0.22 0.04 0.05 0.14 0.05 0.07 0.10 0.07 0.03 0.04 0.04 0.13 0.19 0.01 0.14 1.11 0.86 0.00 0.10 0.03 0.04

(100s) Stock

Exc Volume

Week High

Low

Last

0.55 0.00 0.00 0.11 0.05 0.04 0.00 0.00 0.09 0.37 0.30 0.42 0.08 0.28 0.35 4.70 0.12 0.09 0.13 0.00 0.03 0.02 0.10 6.84 0.88 1.07 1.75 0.26 0.30 0.04 0.07 0.32 0.01 1.15 1.39 0.09 0.12 0.38 0.29 0.04 0.03 2.58 0.13 0.10 0.13 7.93 9.69 0.16 0.13 0.02 0.10 0.30 0.03 2.37

0.55 0.67 0.11 0.12 0.05 0.04 0.04 0.07 0.09 0.38 0.31 0.47 0.09 0.28 0.37 4.99 0.13 0.11 0.13 0.16 0.03 0.02 0.11 7.56 0.90 1.07 1.92 0.28 0.33 0.04 0.07 0.32 0.02 1.19 1.45 0.10 0.12 0.39 0.29 0.04 0.03 2.71 0.13 0.11 0.13 8.08 9.78 0.17 0.14 0.08 0.10 0.30 0.04 2.52

Gunpoint Expl* Gunpoint Expl Guyana Goldstr* Guyana Goldstr Handa Mining Handa Mining* Handeni Gold* Hanna Capital* Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Happy Ck Mnrls Harfang Explor* Harfang Explor Harmony Gold* Harte Gold Harte Gold* Harvest Gold* Harvest Gold Hawkeye Gld&Di Hawkeye Gld&Di* Hawkmoon Res Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl* Hemlo Expl Heron Res* HFX Holding High Point Exp Highbank Res HighGold* HighGold Highland Copp* Highland Copp Highway 50 Gld Highway 50 Gld* HiHo Silver HiHo Silver* Hochschild Mg* Honey Badger Honey Badger* Horizonte Mnls HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hybrid Mineral Hylands Intl i-80 Gold

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

30 30 27 107 23 25 1 19 65 374 168 27 230 33 1545 28263 3791 1723 1 117 356 75 1390 48094 190 169 69 202 262 10 135 32 826 214 332 295 379 23 23 250 74 50 983 520 452 10754 11327 138 221 41 76 147 80 999

0.55 0.67 0.12 0.15 0.05 0.04 0.04 0.07 0.10 0.41 0.34 0.47 0.09 0.30 0.38 5.30 0.16 0.13 0.13 0.18 0.03 0.02 0.13 7.66 0.95 1.13 1.94 0.38 0.44 0.04 0.08 0.32 0.02 1.38 1.52 0.12 0.14 0.39 0.32 0.04 0.04 2.90 0.14 0.13 0.14 9.60 11.62 0.18 0.14 0.12 0.11 0.31 0.04 2.57

I-Minerals* I-Minerals IAMGOLD IAMGOLD* Icon Explor* Iconic Mnls * Iconic Mnls Idaho Champion Idaho Champion* IEMR Res IM Exploration IMC Intl Mng IMC Intl Mng* iMetal Res* iMetal Res IMPACT Silver Impala Platnm* Imperial Metal Imperial Metal* Imperial Mg Gr* Imperial Mg Gr Inca One Gold* Inca One Gold Inception Mng * Independence G Independence G* Indiana Res* Indigo Expl Infinite Ore Infinite Ore* Inflection Res Infrastructure* Inomin Mines Intact Gold Integra Res Integra Res* Inter-Rock Mnl Inter-Rock Mnl* Intercontinent Intercontinent* Intl Battery* Intl Battery Intl Bethl Mng Intl Cobalt* Intl Cobalt Intl Cons Uran* Intl Cons Uran Intl Lithium Intl Lithium* Intl Millm Mng Intl Prospect Intl Prospect * Intl Star* Intl Tower Hil* Intl Tower Hil Intl Zeolite* Intl Zeolite Intrepid Pots* INV Metals* INV Metals Inventus Mg * Inventus Mg InZinc Mining InZinc Mining* Ion Energy* Ion Energy Irving Res* Irving Res IsoEnergy Ltd Itafos Itafos* Itoco Inc* Ivanhoe Mines* Ivanhoe Mines Ivor Explor Jade Leader* Jade Leader Jaeger Res * Jaeger Res Jaguar Mng Jaguar Mng* Japan Gold* Japan Gold Jasper Mining* Jasper Mining Jaxon Mining* Jaxon Mining Jayden Res* Jayden Res Jazz Res Jervois Mining Jervois Mining* JNC Resources* JNC Resources Josemaria Res Joshua Gold* Jourdan Res Jubilee Metals* Juggernaut Exp* Juggernaut Exp Jupiter Gold* K2 Gold K9 Gold* K92 Mining K92 Mining* Kainantu Res Kaizen Discov Kaizen Discvry* Kalo Gold Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* Kenorland Min Kermode Res Kesselrun Res Kesselrun Res* Kestrel Gold KGL Resources KGL Resources* Kincora Copper* Kincora Copper King Global* King Global Kingfisher Met* Kingfisher Met

O 96 V 733 T 3917 N 19273 O 3 O 139 V 283 C 335 O 384 V 193 C 113 C 5525 O 298 O 2197 V 1690 V 1123 O 0 T 309 O 17 O 285 V 1508 O 254 V 395 O 8454 V 237 O 28 O 1 V 43 V 516 O 190 C 95 O 94 V 175 V 23 V 196 X 312 V 16 O 1 V 36 O 21 O 405 C 143 V 5 O 28 C 293 O 72 V 894 V 958 O 537 V 4928 V 422 O 70 O 461013 X 887 T 78 O 23 V 558 N 1660 O 6 T 122 O 13 V 471 V 730 O 23 O 331 V 627 O 128 C 87 V 625 V 155 O 29 O 412 O 1756 T 13069 C 25 O 766 V 1155 O 1 V 15 T 629 O 257 O 33 V 172 O 25 V 24 O 350 V 412 O 88 V 89 V 10 V 491 O 691 O 64 C 89 T 1847 O 1359 V 2490 O 109 O 240 V 180 O 58 V 399 O 1242 T 3390 O 765 V 141 V 305 O 4 V 133 V 218 C 1 T 22 V 30 O 758 O 184276 V 720 V 373 V 1033 O 244 V 828 V 3 O 2 O 7 V 258 O 124 V 2447 O 205 V 765

0.03 0.03 4.07 3.39 0.05 0.20 0.26 0.17 0.14 0.04 0.27 0.24 0.19 0.11 0.14 0.75 20.00 5.95 4.92 0.16 0.19 0.35 0.42 0.02 0.16 0.13 0.07 0.10 0.09 0.07 0.33 0.05 0.12 0.09 3.91 3.22 0.47 0.34 0.24 0.20 0.62 0.69 0.10 0.29 0.35 1.76 2.12 0.09 0.08 0.02 0.17 0.15 0.00 1.14 1.38 0.17 0.20 28.73 0.38 0.46 0.16 0.19 0.04 0.04 0.37 0.42 1.72 2.07 3.20 1.02 0.82 0.20 8.03 9.74 0.40 0.06 0.08 0.00 0.04 7.11 5.92 0.31 0.37 0.10 0.10 0.05 0.08 0.17 0.18 0.33 0.45 0.37 0.17 0.20 0.89 0.06 0.05 0.32 0.30 0.36 0.75 0.36 0.54 8.20 6.76 0.39 0.09 0.06 0.52 1.08 0.15 0.21 0.64 3.21 0.00 1.10 0.03 0.20 0.16 0.18 0.23 0.20 0.27 0.32 0.04 0.05 0.45 0.54

12-month Change

High Low

unch unch + unch unch unch unch unch unch unch unch + + + unch + + unch unch unch unch + + unch + + + +

0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.19 0.03 0.01 0.00 0.01 0.01 0.00 0.01 0.28 0.05 0.06 0.01 0.10 0.10 0.00 0.00 0.00 0.00 0.03 0.03 0.00 0.01 0.01 0.03 0.00 0.00 0.01 0.01 0.01 0.01 1.15 1.42 0.01 0.01 0.02 0.01 0.01 0.01 0.04

0.67 0.93 0.16 0.40 0.06 0.04 0.15 0.11 0.16 0.62 0.49 2.94 0.15 0.39 0.62 7.61 0.22 0.16 0.20 0.29 0.05 0.04 0.20 8.45 1.30 2.25 2.11 0.81 1.11 0.05 0.35 0.39 0.03 2.44 3.14 0.12 0.15 0.42 0.32 0.09 0.21 4.35 0.18 0.21 0.20 9.60 11.62 0.38 0.29 0.15 0.20 0.75 0.06 3.05

0.37 0.52 0.07 0.09 0.01 0.00 0.01 0.03 0.03 0.17 0.12 0.39 0.07 0.18 0.22 2.93 0.10 0.08 0.04 0.06 0.01 0.00 0.10 2.47 0.10 0.45 0.56 0.07 0.29 0.01 0.02 0.02 0.01 0.83 1.07 0.01 0.03 0.06 0.04 0.02 0.01 1.75 0.01 0.00 0.05 1.86 2.85 0.08 0.05 0.01 0.04 0.06 0.03 2.26

0.02 0.03 0.03 0.03 3.85 4.05 + 3.17 3.35 + 0.00 0.05 0.17 0.17 0.21 0.21 0.15 0.16 unch 0.12 0.12 0.03 0.04 + 0.18 0.27 unch 0.17 0.24 + 0.15 0.19 + 0.09 0.10 + 0.10 0.14 + 0.66 0.71 0.00 20.00 + 5.11 5.28 0.00 4.47 0.14 0.15 0.18 0.18 unch 0.27 0.33 + 0.33 0.40 0.02 0.02 0.15 0.15 0.13 0.13 0.07 0.07 unch 0.09 0.09 unch 0.08 0.08 0.06 0.06 0.29 0.30 0.01 0.04 + 0.11 0.11 0.09 0.09 unch 3.60 3.70 2.97 3.06 0.00 0.46 unch 0.34 0.34 unch 0.00 0.24 + 0.19 0.19 0.43 0.50 0.52 0.66 0.08 0.10 + 0.00 0.21 0.24 0.26 1.59 1.68 + 1.87 2.05 + 0.08 0.08 0.06 0.07 0.02 0.02 unch 0.15 0.15 unch 0.12 0.13 0.00 0.00 + 0.99 1.01 1.23 1.23 0.15 0.15 + 0.17 0.17 + 22.82 26.24 0.37 0.37 0.00 0.45 + 0.11 0.16 + 0.17 0.17 unch 0.04 0.04 unch 0.03 0.04 + 0.31 0.34 0.37 0.40 unch 1.54 1.62 + 1.86 1.96 + 2.44 2.65 0.70 1.01 + 0.57 0.81 + 0.15 0.17 7.28 7.48 8.83 9.04 0.36 0.36 0.04 0.04 0.06 0.06 0.00 0.03 unch 0.04 0.04 unch 6.55 6.70 5.43 5.52 0.29 0.30 0.36 0.36 0.10 0.10 unch 0.09 0.09 0.05 0.05 unch 0.08 0.08 0.00 0.14 0.16 0.16 0.33 0.33 unch 0.40 0.45 + 0.32 0.36 + 0.12 0.15 + 0.15 0.20 unch 0.70 0.79 + 0.03 0.03 + 0.04 0.04 0.26 0.27 0.28 0.28 + 0.33 0.36 + 0.31 0.74 + 0.27 0.32 0.38 0.45 + 7.17 7.51 5.93 6.20 0.35 0.35 0.08 0.08 0.06 0.06 0.40 0.40 0.96 1.02 + 0.15 0.15 unch 0.21 0.21 0.50 0.64 + 2.91 3.10 0.00 0.00 + 0.91 1.00 + 0.03 0.03 unch 0.17 0.19 unch 0.13 0.15 0.17 0.17 0.00 0.23 0.19 0.19 0.00 0.27 + 0.29 0.31 + 0.04 0.04 0.05 0.05 + 0.40 0.41 0.47 0.47 -

0.00 0.01 0.03 0.04 0.00 0.02 0.03 0.00 0.01 0.01 0.00 0.05 0.03 0.02 0.04 0.02 1.25 0.47 0.26 0.01 0.00 0.00 0.01 0.00 0.02 0.01 0.00 0.00 0.01 0.01 0.03 0.00 0.01 0.00 0.08 0.07 0.00 0.00 0.01 0.00 0.09 0.05 0.02 0.10 0.08 0.08 0.10 0.01 0.00 0.00 0.00 0.01 0.00 0.10 0.13 0.02 0.01 0.68 0.01 0.01 0.05 0.00 0.00 0.01 0.01 0.00 0.05 0.06 0.42 0.24 0.15 0.01 0.42 0.51 0.04 0.02 0.01 0.00 0.00 0.04 0.06 0.00 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.03 0.02 0.03 0.00 0.05 0.00 0.01 0.00 0.01 0.02 0.18 0.02 0.06 0.47 0.37 0.04 0.01 0.01 0.08 0.02 0.00 0.01 0.08 0.05 0.00 0.07 0.00 0.00 0.00 0.01 0.01 0.01 0.03 0.04 0.00 0.01 0.02 0.05

0.05 0.06 7.07 5.35 0.14 0.30 0.37 0.44 0.47 0.05 0.27 0.68 0.49 0.19 0.25 1.25 21.00 6.25 4.92 0.90 0.24 0.67 0.86 0.05 0.23 0.17 0.07 0.13 0.23 0.19 0.63 0.14 0.25 0.12 5.90 5.50 0.48 0.36 0.26 0.20 0.78 0.99 0.10 0.81 1.08 2.52 2.61 0.16 0.13 0.04 0.23 0.15 0.00 2.27 3.07 0.17 0.22 39.19 0.78 1.11 0.26 0.33 0.05 0.04 1.40 0.67 3.36 4.42 3.49 0.83 0.67 0.30 8.03 9.74 0.42 0.09 0.15 0.04 0.08 11.30 9.30 0.38 0.47 0.13 0.21 0.09 0.14 0.17 0.20 0.38 0.55 0.45 1.75 0.30 0.91 0.20 0.18 0.31 0.41 0.52 2.25 0.96 0.65 8.95 7.16 0.40 0.09 0.06 0.52 1.95 0.30 0.33 1.28 3.57 0.00 1.75 0.06 0.47 0.37 0.24 0.60 0.44 0.26 0.57 0.05 0.07 0.47 0.80

0.01 0.03 3.61 2.86 0.02 0.02 0.05 0.14 0.09 0.01 0.06 0.10 0.07 0.07 0.08 0.39 8.64 1.62 1.17 0.08 0.04 0.20 0.34 0.01 0.05 0.04 0.02 0.06 0.04 0.04 0.27 0.00 0.03 0.04 3.00 2.65 0.21 0.15 0.09 0.08 0.05 0.08 0.02 0.05 0.06 0.02 0.25 0.04 0.02 0.01 0.09 0.07 0.00 0.62 0.87 0.03 0.03 7.60 0.20 0.26 0.08 0.10 0.02 0.02 0.13 0.27 1.34 1.71 0.54 0.22 0.16 0.05 1.84 2.61 0.20 0.03 0.05 0.02 0.02 3.05 1.25 0.18 0.25 0.03 0.05 0.03 0.05 0.02 0.01 0.14 0.13 0.08 0.08 0.06 0.57 0.02 0.01 0.04 0.06 0.11 0.25 0.19 0.21 3.39 2.35 0.18 0.03 0.02 0.32 0.13 0.11 0.14 0.18 2.25 0.00 0.70 0.01 0.04 0.05 0.02 0.10 0.00 0.15 0.18 0.00 0.02 0.39 0.40

I-J-K

(100s) Stock

Exc Volume

Week

12-month

High

Low

0.09 0.09 0.09 0.09 0.13 0.13 0.00 0.15 0.00 0.12 + 8.78 9.42 + 7.24 7.78 + 0.13 0.14 + 0.00 0.44 + 0.00 0.32 + 48.50 50.27 + 40.05 41.47 + 0.20 0.21 0.16 0.17 0.07 0.07 0.08 0.09 unch 1.34 1.63 + 0.30 0.30 0.35 0.36 0.22 0.23 0.27 0.28 0.00 0.07 unch 0.00 0.06 0.89 0.91 0.38 0.41 2.03 2.11 1.69 1.73 0.02 0.02 0.02 0.02 unch

Kingman Min* Kingman Min Kings Bay Res Kingsmen Res Kingsmen Res* Kinross Gold Kinross Gold* Kintavar Exp Kiplin Metals Kiplin Metals* Kirkland Lake Kirkland Lake* Klondike Gold Klondike Gold* Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kootenay Zinc* Kore Mining Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

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

45 678 83 5 4 18725 81456 1940 21 2 4387 8578 117 96 1452 1977 105 102 1976 1645 2023 36 8 1429 630 337 276 4850 199

0.10 0.11 0.14 0.18 0.12 9.65 7.96 0.16 0.44 0.32 50.44 41.71 0.22 0.18 0.08 0.09 1.66 0.37 0.46 0.25 0.30 0.07 0.06 1.05 0.48 2.32 1.94 0.03 0.02

Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources* Lakewood Expl Lara Expl Laramide Res Laredo Res* Largo Res* Largo Res Lasalle Explor* Lasalle Explor Latin Metals Latin Metals* Laurion Mnl Ex Laurion Mnl Ex* Le Mare Gold* Le Mare Gold Leading Edge Leading Edge* Leeta Gold Legion Metals Leo Res* Leocor Gold Lepanto Con Mg* Leviathan Gold Leviathan Gold* Libero Copper Libero Copper* Liberty Gold* Liberty One Li Liberty One Li* Lida Resources* Lido Minerals 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 LKA Gold* Lode-Star Mg* 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 Lydian Intl* Lynas Corp* Lynas Corp*

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

2433 6391 719 30 1211 7889 101 15 1397 2205 1080 790 10 350 529 3 2346 188 16 214 953 979 21900 1092 0 36 271 321 53 248 340 950 97 20 90 143 43 427 283 3405 13647 1241 1414 1182 245 33 898 50 2151 5 449 2275 4703 63 119 25 5 87 2 25 791 31 441 1 89 205 156 848 1090 363 11493 6 161 150 898 765

0.79 0.95 0.33 37.88 44.98 0.21 0.30 0.73 0.60 0.01 18.25 22.03 0.15 0.17 0.18 0.16 0.61 0.53 0.12 0.17 0.29 0.24 4.10 0.26 0.00 0.60 0.01 0.47 0.39 0.53 0.45 1.30 0.58 0.51 0.03 0.26 0.21 1.42 1.17 16.24 13.42 0.49 0.41 0.39 0.18 0.15 0.54 0.10 0.14 0.13 0.14 0.11 0.14 0.81 0.99 1.20 7.77 9.40 0.17 0.24 0.85 0.11 0.08 0.31 0.35 0.68 0.82 0.82 12.61 12.97 15.27 0.06 0.08 0.02 4.83 4.75

Macarthur Min* Macarthur Min MacDonald Mns* MacDonald Mns Madoro Metals Madoro Metals* MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Mining Magna Terra* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold Major Precious Major Precious* Makara Mining* Makara Mining Makena Res* Mako Mining* Mako Mining Mammoth Res * Mammoth Res Mandalay Res Mandalay Res* Manganese X* Manganese X Mangazeya Mng Mangazeya Mng* Manitou Gold * Manitou Gold Manning Vent Mansa Explor Maple Gold* Maple Gold Marathon Gold* Marathon Gold Margaret Lake Margaret Lake* Marifil Mines* Marifil Mines Marimaca Cop* Marimaca Cop Maritime Res MartinMarietta* Marvel Discov* Marvel Discov Mas Gold Mascota Res* Masivo Silver* Masivo Silver Mason Graphite Mason Graphite* Matachewan Con Matica Ent Matmown* Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent* MaxTech Vent Maxwell Res* Mayfair Gold Mazarin McChip Res McEwen Mng McEwen Mng* McLaren Res MDN Inc* Mechel*

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

365 609 871 2008 386 3 884 5 341 144 1354 260 298 162 246 1162 2563 101 82 32 305 546 1491 152 500 360 74 642 1246 50 15 132 1098 468 79 1580 1198 420 1991 6487 8 37 301 2 186 2470 1350 208 1240 5572 0 129 226 466 393 138 1423 44 127 638 298 864 520 123 972 1 340 10 10 1015 25749 297 119 636

0.40 0.54 0.06 0.07 0.15 0.11 24.10 1.00 1.13 0.93 0.65 0.16 0.20 0.07 0.05 0.06 0.49 0.39 0.36 0.37 1.16 0.33 0.40 0.14 0.16 3.10 2.56 0.35 0.40 0.09 0.06 0.10 0.11 0.32 0.19 0.29 0.33 2.42 2.93 0.13 0.08 0.06 0.08 4.38 5.45 0.20 383.71 0.10 0.12 0.13 0.00 0.11 0.14 0.64 0.55 0.23 0.05 0.01 7.29 6.02 0.25 0.30 0.22 0.06 0.07 0.18 1.83 0.20 0.97 1.60 1.34 0.08 0.74 2.15

Last

Change

High Low

0.02 0.02 0.01 0.03 0.00 0.03 0.04 0.01 0.07 0.01 0.67 0.62 0.01 0.01 0.00 0.00 0.31 0.04 0.05 0.02 0.02 0.00 0.01 0.16 0.04 0.11 0.11 0.01 0.00

0.18 0.24 0.30 0.24 0.15 13.59 10.32 0.17 0.45 0.33 76.43 57.69 0.39 0.29 0.26 0.34 2.51 0.37 0.54 0.46 0.54 3.00 1.04 2.01 4.09 3.13 2.47 0.04 0.03

0.09 0.07 0.05 0.11 0.09 7.75 5.88 0.07 0.11 0.01 40.07 31.72 0.19 0.14 0.02 0.03 0.19 0.07 0.08 0.14 0.20 0.06 0.05 0.53 0.06 1.00 0.73 0.01 0.00

+ + + + + + + + + + + unch unch + + + unch + + + + unch + + unch unch + + unch + + + -

0.10 0.12 0.01 0.43 0.41 0.02 0.05 0.02 0.01 0.00 3.42 4.18 0.01 0.01 0.03 0.01 0.18 0.12 0.00 0.01 0.02 0.01 0.45 0.01 0.00 0.00 0.00 0.01 0.04 0.04 0.04 0.03 0.02 0.02 0.01 0.00 0.01 0.10 0.09 0.78 0.63 0.05 0.04 0.01 0.02 0.03 0.07 0.03 0.03 0.06 0.01 0.01 0.01 0.05 0.05 0.08 0.09 0.07 0.00 0.03 0.08 0.00 0.00 0.00 0.01 0.01 0.00 0.06 0.72 0.54 0.66 0.01 0.01 0.00 0.28 0.25

0.79 0.95 0.95 37.88 44.98 0.50 0.30 1.02 0.60 0.09 18.71 22.96 0.18 0.23 0.24 0.18 0.75 0.61 0.12 0.19 0.45 0.35 7.25 0.42 0.50 1.00 0.01 0.99 0.45 1.08 0.55 1.82 0.90 1.00 0.20 0.30 0.28 2.66 2.00 36.60 28.75 1.15 0.89 1.22 0.33 0.26 0.92 0.11 0.14 0.20 0.28 0.22 0.28 0.97 1.16 2.33 8.55 11.11 0.27 0.60 1.00 0.22 0.27 0.37 0.58 0.91 1.19 1.08 13.23 13.11 16.07 0.06 0.08 0.07 5.37 5.31

0.17 0.18 0.00 14.07 18.53 0.02 0.25 0.62 0.20 0.00 12.97 7.70 0.10 0.08 0.06 0.04 0.14 0.09 0.03 0.04 0.08 0.05 0.30 0.17 0.00 0.35 0.00 0.36 0.31 0.35 0.32 0.82 0.49 0.01 0.02 0.17 0.10 1.14 0.90 4.23 2.98 0.12 0.09 0.07 0.06 0.05 0.17 0.03 0.03 0.04 0.05 0.01 0.02 0.31 0.45 0.42 2.66 2.20 0.09 0.09 0.42 0.04 0.06 0.17 0.24 0.47 0.65 0.57 9.11 4.05 5.68 0.01 0.02 0.00 1.10 1.10

0.35 0.38 + 0.42 0.45 unch 0.04 0.05 0.06 0.06 unch 0.10 0.13 0.11 0.11 unch 21.99 23.34 0.82 0.99 + 0.96 1.03 0.79 0.86 0.40 0.46 0.00 0.16 + 0.00 0.18 + 0.06 0.06 0.05 0.05 0.06 0.06 + 0.40 0.43 + 0.36 0.36 + 0.27 0.30 unch 0.00 0.35 0.87 1.06 0.28 0.32 + 0.35 0.38 + 0.11 0.13 + 0.13 0.16 + 2.65 2.79 unch 2.19 2.29 + 0.26 0.28 0.31 0.35 0.08 0.08 0.06 0.06 unch 0.07 0.08 0.09 0.10 0.23 0.24 0.17 0.19 + 0.24 0.25 0.29 0.29 2.12 2.42 + 2.57 2.92 + 0.07 0.09 + 0.00 0.08 + 0.05 0.05 0.06 0.06 4.00 4.00 4.84 4.84 0.19 0.20 + 366.88 377.97 0.06 0.08 0.09 0.11 + 0.10 0.11 unch 0.00 3.24 unch 0.09 0.09 0.11 0.11 0.54 0.55 0.44 0.46 0.18 0.21 0.04 0.05 unch 0.01 0.01 unch 6.80 7.19 + 5.57 5.95 + 0.22 0.23 0.27 0.29 unch 0.20 0.22 + 0.05 0.05 0.06 0.06 0.00 0.18 unch 1.63 1.63 0.00 0.20 unch 0.00 0.97 + 1.45 1.52 1.19 1.25 0.00 0.08 + 0.66 0.70 1.90 2.04 -

0.02 0.00 0.00 0.00 0.02 0.00 0.17 0.04 0.03 0.03 0.12 0.02 0.01 0.01 0.00 0.01 0.02 0.01 0.00 0.03 0.05 0.02 0.02 0.02 0.02 0.00 0.03 0.04 0.05 0.01 0.00 0.01 0.01 0.07 0.01 0.01 0.03 0.17 0.22 0.01 0.00 0.01 0.01 0.10 0.16 0.01 0.31 0.01 0.01 0.00 0.00 0.01 0.02 0.09 0.06 0.02 0.00 0.00 0.04 0.07 0.01 0.00 0.01 0.00 0.01 0.00 0.07 0.00 0.02 0.05 0.05 0.02 0.03 0.09

0.54 0.70 0.10 0.15 0.20 0.14 31.21 1.66 1.89 1.46 0.65 0.18 0.48 0.11 0.06 0.08 0.82 0.60 1.27 1.65 1.75 0.50 0.54 0.25 0.17 3.10 2.56 0.85 1.11 0.12 0.09 0.10 0.13 0.72 0.20 0.42 0.56 2.74 3.35 0.13 0.09 0.08 0.11 4.55 5.85 0.23 383.71 0.13 0.15 0.25 3.25 0.12 0.25 1.19 0.94 0.27 0.09 0.10 7.78 6.11 0.44 0.57 0.55 0.09 0.12 1.26 2.15 0.20 0.99 2.02 1.60 0.18 2.00 2.57

0.10 0.15 0.04 0.05 0.07 0.06 15.11 0.40 0.51 0.34 0.40 0.09 0.11 0.04 0.02 0.04 0.13 0.17 0.26 0.27 0.22 0.19 0.25 0.00 0.03 1.17 0.74 0.06 0.08 0.05 0.03 0.02 0.04 0.06 0.08 0.05 0.07 0.65 1.50 0.02 0.02 0.02 0.04 0.03 1.13 0.08 151.94 0.01 0.03 0.06 0.51 0.01 0.03 0.15 0.10 0.12 0.02 0.00 5.31 3.90 0.18 0.23 0.07 0.04 0.06 0.01 1.60 0.05 0.40 1.08 0.77 0.04 0.16 1.29

L 0.50 0.60 0.26 35.18 42.60 0.16 0.25 0.00 0.51 0.01 14.00 17.08 0.15 0.00 0.15 0.15 0.41 0.34 0.10 0.13 0.21 0.16 3.00 0.23 0.00 0.52 0.00 0.40 0.34 0.44 0.36 1.15 0.43 0.20 0.03 0.26 0.00 1.19 0.98 14.46 11.84 0.37 0.31 0.34 0.13 0.11 0.38 0.09 0.11 0.07 0.05 0.09 0.11 0.70 0.84 0.99 7.65 8.90 0.17 0.22 0.73 0.05 0.00 0.31 0.00 0.64 0.78 0.67 11.53 11.15 14.10 0.00 0.06 0.00 4.24 4.16

0.56 0.70 0.32 35.74 43.33 0.18 0.30 0.69 0.55 0.01 14.63 17.70 0.15 0.17 0.18 0.15 0.44 0.36 0.12 0.13 0.29 0.23 3.49 0.23 0.00 0.60 0.00 0.45 0.34 0.47 0.38 1.27 0.55 0.45 0.03 0.26 0.18 1.24 1.01 15.39 12.70 0.43 0.35 0.35 0.14 0.11 0.47 0.09 0.11 0.13 0.13 0.10 0.13 0.77 0.93 1.10 7.65 9.30 0.17 0.24 0.75 0.06 0.07 0.31 0.35 0.68 0.80 0.82 11.75 11.73 14.18 0.05 0.08 0.02 4.31 4.27

WWW.NORTHERNMINER.COM

MAY 24–JUNE 6, 2021 / THE NORTHERN MINER

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

Exc Volume

Week Low

0.32 0.33 0.27 0.29 0.65 0.65 0.03 0.05 + 0.05 0.05 + 0.00 0.00 + 0.00 0.16 unch 0.22 0.26 0.19 0.21 0.36 0.39 0.26 0.31 0.06 0.06 0.07 0.08 0.38 0.41 0.33 0.34 0.00 0.00 unch 0.60 0.66 + 0.50 0.55 + 0.12 0.12 0.03 0.03 unch 0.00 0.06 + 0.08 0.08 0.06 0.06 0.57 0.60 unch 0.46 0.49 + 0.00 0.19 0.23 0.27 unch 0.00 0.02 0.46 0.50 + 0.09 0.09 0.20 0.20 + 2.75 2.75 0.00 2.19 unch 0.13 0.14 + 0.16 0.17 + 0.17 0.18 0.28 0.29 0.09 0.10 + 0.05 0.06 unch 0.04 0.05 + 0.00 0.27 + 0.75 0.76 0.35 0.35 0.28 0.30 + 0.33 0.39 + 2.01 2.18 2.48 2.69 0.08 0.08 0.10 0.10 unch 0.36 0.40 0.29 0.33 0.00 0.38 0.45 0.45 0.51 0.54 0.62 0.65 0.09 0.10 + 0.07 0.08 + 0.25 0.26 unch 0.15 0.16 + 0.18 0.19 35.50 35.50 0.00 0.00 0.07 0.07 0.05 0.05 0.04 0.04 0.00 0.00 + 0.00 0.29 + 0.47 0.48 unch 0.09 0.09 unch 0.42 0.45 0.10 0.12 + 0.12 0.13 + 0.07 0.07 0.09 0.09 0.68 0.72 0.82 0.83 0.35 0.37 0.29 0.30 0.31 0.31 0.00 0.25 + 0.91 0.91 0.00 0.75 + 0.00 0.03 0.02 0.02 unch 0.02 0.02 unch 0.20 0.21 + 0.24 0.26 0.16 0.17 0.12 0.13 0.13 0.14 0.00 0.17 unch 34.06 36.49 0.00 0.09 unch 0.65 0.65 unch 0.14 0.14 0.17 0.18 0.43 0.51 0.36 0.41 0.36 0.40 0.17 0.20 + 0.21 0.24 + 0.07 0.07 0.26 0.27 unch 0.08 0.09 0.01 0.07 +

Medallion Res Medallion Res* Medaro Mining Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium Mega Uranium* MegaWatt Lith MegaWatt Lith* MegumaGold* MegumaGold Melkior Res Melkior Res* Mensa Mng Corp* Meridian Mg Meridian Mg * Meryllion Res MetalCorp* MetalCorp Metalex Vent Metalex Vent * Metallic Mnrls Metallic Mnrls* Metallica Met* Metallica Met Metallica Min* Metallis Res Metallum Res Metalo Manuf Metalore Res Metalore Res* Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* MGX Minerals MGX Minerals* Mich Resources Midland Expl Midnight Star Midnight Sun* Midnight Sun Millennial Lit* Millennial Lit Millrock Res* Millrock Res Minaurum Gold Minaurum Gold* Minco Silver* Minco Silver Minera Alamos * Minera Alamos Minera IRL Minera IRL* Mineral Hill Mineral Mtn* Mineral Mtn Mineral Res* MineralRite* Mineworx Tech Minfocus Expl Minfocus Expl* Mining Global* Minnova Corp Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Monarca Mnrls* Monarca Mnrls Monarch Min* Monarch Mining Moneta Porcpn Moneta Porcpn* Monitor Vent Monitor Vent* Montage Gold Montage Gold* Montego Res Montego Res* Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Morien Res* Morien Res Mosaic* Mosaic Min Mount Gibson * Mountain Boy* Mountain Boy Mountain Prov Mountain Prov* MPV Explor Mundoro Cap* Mundoro Cap Murchison Min Musgrave Min* Musk Metals Musk Metals*

V 419 O 580 C 58 O 199 V 488 O 1095 V 5 T 3669 O 1401 C 2048 O 198 O 415 C 593 V 121 O 19 O 0 V 922 O 97 C 26 O 40 V 469 V 146 O 123 V 680 O 716 O 19 C 759 O 67 V 459 V 364 C 16 V 3 O 0 O 169 V 676 O 419 V 76 O 209 C 404 O 135 C 43 V 216 C 876 O 42 V 203 O 213 V 357 O 342 V 167 V 264 O 210 O 76 T 47 O 1213 V 1679 C 361 O 112 V 13 O 148 V 534 O 6 O 200078 V 942 V 133 O 90 O 1828640 V 48 V 159 C 962 V 117 O 71 V 598 O 513 V 1076 O 96 T 328 T 3702 O 1772 V 21 O 6 V 956 O 5 C 184 O 7 C 2461 O 107 V 261 V 387 O 64 O 43 V 45 N 30206 C 35 O 6 O 34 V 408 T 1108 O 113 C 1133 O 122 V 347 V 313 O 27 C 732 O 176

0.39 0.33 0.69 0.05 0.05 0.00 0.16 0.29 0.25 0.41 0.33 0.07 0.08 0.55 0.45 0.00 0.68 0.59 0.12 0.03 0.06 0.08 0.07 0.63 0.53 0.21 0.27 0.03 0.54 0.11 0.20 2.76 0.00 0.15 0.18 0.20 0.30 0.10 0.06 0.05 0.27 0.84 0.38 0.30 0.40 2.59 3.00 0.08 0.10 0.42 0.35 0.39 0.48 0.58 0.70 0.10 0.09 0.26 0.20 0.20 37.29 0.00 0.08 0.07 0.17 0.00 0.30 0.50 0.10 0.50 0.12 0.14 0.09 0.10 0.78 0.94 0.39 0.32 0.31 0.25 0.93 0.77 0.03 0.02 0.02 0.25 0.30 0.19 0.15 0.15 0.17 37.40 0.09 0.65 0.16 0.19 0.54 0.45 0.49 0.20 0.24 0.07 0.27 0.10 0.09

NA Frac Sand* NACCO Ind* Namibia Crit Namibia Crit* Natural Res Pt* Nautilus Mnrls* Navis Res Corp* Neo Lithium Neometals* Network Expl* Network Expl Nevada Canyon* Nevada Copper Nevada Expl * Nevada Expl Nevada King* Nevada King Nevada Sunrise Nevada Sunrise* Nevada Zinc Nevado Res New Age Metals New Age Metals* New Carolin Gd* New Carolin Gd New Destiny Mg New Destiny Mg* New Energy Met* New Energy Met New Found Gold New Gold New Gold* New Guinea Gld* New Jersey Mng* New Oroperu New Pac Metals New Placer New Placer* New Stratus New Target Mng New Tech Min* New Tech Min New World Res* Newcore Gold Newcore Gold* Newcrest Mg Newcrest Mg* Newlox Gold Newmac Res Newmont Corp Newmont Corp* Neworigin Gold* Neworigin Gold Newport Expl Newport Gold* NewRange Gold* NewRange Gold Nexa Resources Nexa Resources* Nexco Res Nexgen Energy Nexgen Energy* NextSource Mat Nexus Gold* Nexus Gold NGEx Minerals* NGEx Minerals Nickel 28 Nickel 28* Nickel Creek*

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

0.01 26.33 0.33 0.29 19.25 0.01 1.92 2.51 0.46 0.74 0.89 0.98 0.32 0.14 0.18 0.77 0.84 0.09 0.08 0.18 0.19 0.17 0.15 0.05 0.07 0.08 0.07 0.10 0.11 9.70 2.29 1.90 0.01 0.33 1.95 6.55 0.18 0.16 0.35 0.23 0.05 0.06 2.99 0.61 0.51 27.32 22.57 0.30 0.31 85.89 70.92 0.23 0.21 0.45 0.02 0.12 0.15 13.76 11.38 0.28 5.87 4.85 0.36 0.05 0.06 0.65 0.97 0.81 0.68 0.09

Last

12-month

High

Change

High Low

0.04 0.02 0.03 0.01 0.01 0.00 0.00 0.02 0.02 0.01 0.00 0.01 0.01 0.16 0.14 0.00 0.05 0.08 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.02 0.00 0.01 0.04 0.02 0.01 0.01 0.00 0.01 0.01 0.02 0.02 0.01 0.00 0.01 0.03 0.03 0.03 0.02 0.06 0.23 0.24 0.00 0.00 0.01 0.01 0.01 0.03 0.03 0.05 0.01 0.01 0.00 0.00 0.01 1.79 0.00 0.01 0.02 0.02 0.00 0.02 0.00 0.00 0.05 0.02 0.02 0.01 0.01 0.00 0.05 0.02 0.02 0.01 0.07 0.04 0.03 0.01 0.00 0.00 0.00 0.01 0.02 0.02 0.01 0.00 0.51 0.00 0.00 0.00 0.01 0.03 0.03 0.05 0.02 0.02 0.01 0.00 0.01 0.01

0.75 0.59 0.71 0.08 0.11 0.00 0.29 0.29 0.25 1.17 0.90 0.16 0.21 1.25 1.00

0.09 0.06 0.45 0.03 0.04 0.00 0.02 0.07 0.05 0.20 0.17 0.06 0.07 0.38 0.32

0.73 0.56 0.20 0.08 0.11 0.13 0.10 1.30 0.94 0.45 0.57 0.04 0.64 0.20 0.30 3.65 2.39 0.16 0.19 0.27 0.59 0.15 0.15 0.11 0.40 1.13 0.71 0.40 0.42 4.16 5.25 0.23 0.32 0.85 0.67 0.60 0.83 0.62 0.78 0.25 0.18 0.28 0.27 0.36 37.29 0.00 0.18 0.10 5.00 0.00 0.60 0.65 0.41 0.54 0.12 0.16 0.20 0.30 0.90 1.31 0.48 0.38 0.45 0.37 1.27 0.77 0.06 0.02 0.10 0.75 0.95 0.19 0.16 0.20 0.25 37.40 0.15 0.74 0.52 0.69 0.82 0.64 1.35 0.27 0.35 0.11 0.60 0.26 0.18

0.09 0.14 0.05 0.01 0.01 0.02 0.02 0.21 0.15 0.01 0.12 0.01 0.22 0.10 0.07 1.95 1.42 0.03 0.05 0.05 0.18 0.04 0.05 0.03 0.15 0.70 0.11 0.09 0.13 0.64 0.89 0.07 0.09 0.34 0.25 0.32 0.41 0.28 0.40 0.08 0.07 0.13 0.13 0.18 12.35 0.00 0.05 0.03 0.01 0.00 0.12 0.33 0.09 0.06 0.06 0.09 0.02 0.03 0.59 0.59 0.12 0.09 0.15 0.11 0.65 0.54 0.01 0.01 0.02 0.04 0.04 0.05 0.00 0.10 0.13 9.58 0.05 0.43 0.12 0.15 0.25 0.18 0.30 0.08 0.11 0.05 0.22 0.06 0.00

0.00 1.59 0.03 0.02 0.33 0.00 0.22 0.17 0.07 0.21 0.20 0.00 0.03 0.00 0.01 0.02 0.04 0.01 0.00 0.01 0.06 0.00 0.01 0.00 0.01 0.00 0.02 0.02 0.01 0.17 0.04 0.02 0.00 0.02 0.11 0.17 0.03 0.01 0.00 0.01 0.00 0.01 0.26 0.03 0.01 0.45 0.90 0.00 0.05 4.02 3.42 0.00 0.01 0.05 0.00 0.00 0.00 0.80 0.68 0.00 0.68 0.58 0.01 0.00 0.00 0.12 0.16 0.07 0.05 0.00

0.03 30.71 0.37 0.32 19.52 0.04 5.00 3.88 0.61 1.62 2.05 4.00 0.32 0.19 0.25 0.77 0.84 0.31 0.25 0.18 0.19 0.24 0.19 0.09 0.11 0.11 0.08 0.20 0.12 9.70 3.05 2.40 0.01 0.60 3.59 9.02 0.95 0.80 0.62 0.25 0.10 0.15 4.07 0.92 0.70 31.25 26.42 0.40 0.31 96.45 72.22 0.29 0.40 0.60 0.08 0.31 0.43 14.92 12.58 0.40 5.88 4.85 0.53 0.12 0.14 0.58 0.75 0.85 0.68 0.24

0.00 17.95 0.15 0.10 9.56 0.00 0.92 0.43 0.05 0.16 0.21 0.11 0.06 0.08 0.12 0.13 0.23 0.03 0.02 0.04 0.07 0.05 0.03 0.03 0.04 0.03 0.00 0.01 0.03 1.24 1.31 0.93 0.00 0.13 1.27 4.78 0.16 0.05 0.03 0.17 0.02 0.03 0.36 0.23 0.20 22.40 17.59 0.05 0.03 68.76 52.33 0.09 0.10 0.30 0.00 0.08 0.10 5.34 3.69 0.06 1.66 1.22 0.03 0.03 0.05 0.23 0.34 0.13 0.09 0.03

N-O 21318 116 208 268 176 364 42 2630 117 226 8871 14 25185 172 589 6187 7775 435 425 1093 200 2398 1241 30 543 97 2 50 37 2128 5954 26629 1495 1160 56 390 1271 220 54 156 0 2175 48 249 21 2 30 3201 57 1042 32918 1 247 980 51 1091 1392 1 514 270 8322 10790 2454 190 2102 16 471 773 143 604

0.01 24.23 0.28 0.23 17.84 0.01 1.41 1.92 0.37 0.43 0.50 0.00 0.26 0.13 0.16 0.54 0.64 0.08 0.06 0.13 0.13 0.15 0.12 0.04 0.06 0.00 0.07 0.08 0.10 7.92 2.10 1.73 0.01 0.28 1.84 5.86 0.15 0.13 0.33 0.17 0.05 0.05 2.50 0.58 0.00 25.53 21.51 0.26 0.25 81.18 67.02 0.00 0.17 0.38 0.00 0.10 0.13 13.01 10.47 0.28 4.81 3.93 0.33 0.04 0.05 0.45 0.55 0.73 0.59 0.08

0.01 26.31 0.29 0.24 18.52 0.01 1.48 2.26 0.38 0.44 0.58 0.61 0.27 0.13 0.16 0.55 0.66 0.08 0.07 0.14 0.19 0.15 0.13 0.05 0.06 0.07 0.07 0.10 0.11 8.62 2.21 1.83 0.01 0.30 1.84 6.26 0.15 0.13 0.33 0.18 0.05 0.05 2.68 0.58 0.48 26.25 22.00 0.27 0.29 85.75 70.75 0.23 0.20 0.44 0.02 0.12 0.14 13.59 11.05 0.28 5.12 4.22 0.35 0.04 0.06 0.58 0.72 0.74 0.60 0.08

+ + + unch + + + + unch + + unch + + + + unch + + unch unch + + unch + + + unch + unch + + unch + unch + + -

(100s) Stock

Exc Volume

(100s) Stock

Week

12-month

High

Low

Last

0.09 0.05 0.09 0.07 0.15 0.13 1.00 1.20 0.84 0.00 1.25 1.03 0.03 0.00 0.57 0.00 0.00 0.13 0.10 0.48 0.00 0.05 36.16 0.20 0.24 0.08 0.09 0.00 0.47 0.58 0.02 0.03 0.23 0.19 0.08 0.11 0.00 0.53 0.00 0.05 0.05 0.02 0.30 0.21 0.23 0.18 0.64 0.74 0.12 0.07 0.06 12.75 10.40 11.10 9.15 2.16 0.00 0.03 0.43 0.34 0.46 0.50 0.10 0.00 1.00 0.83 0.30 0.37 0.00 0.21 0.11 0.49 0.60 0.00 0.40 0.01 0.00 0.10 0.13 58.84 71.55 0.26 0.31 0.06 0.29 2.37 2.41 0.00 0.00 0.21 0.68 0.56 0.00 0.05 0.07 0.17 0.18 0.14 0.11 0.08 0.37 0.32 0.17 0.14 0.00 0.05 0.00 0.45 0.54 0.08 0.10 0.07 0.09 0.15 0.12 0.89 1.06 0.15 0.00 0.25 0.32 0.00 4.77 2.32 2.80 5.73 0.27 0.28 0.00 0.30 0.25 1.01 1.24 5.79 13.02 15.79 0.00 0.45 3.07 0.03 0.05 0.34 0.39 0.33 0.00

0.10 unch 0.05 0.11 0.09 0.16 0.13 1.05 + 1.27 + 0.84 0.13 1.28 1.05 0.04 unch 0.03 + 0.63 0.02 + 0.02 0.13 0.12 + 0.58 0.48 0.05 37.01 + 0.20 0.25 unch 0.08 0.09 unch 0.35 0.49 + 0.60 + 0.02 0.03 0.25 0.20 0.08 unch 0.11 unch 0.00 0.53 0.64 0.05 + 0.05 0.02 0.30 0.24 0.24 0.20 0.64 + 0.77 unch 0.12 0.07 0.06 14.70 + 11.80 + 11.91 + 9.82 + 2.20 0.00 + 0.07 0.46 0.37 0.46 unch 0.50 unch 0.13 + 0.08 unch 1.00 0.87 0.31 0.37 0.28 unch 0.23 + 0.11 0.53 0.64 0.00 unch 0.41 0.02 unch 0.01 + 0.12 0.14 60.54 73.34 0.26 + 0.32 + 0.10 0.29 2.47 + 2.61 + 2.04 + 0.28 + 0.24 + 0.69 0.57 0.05 0.08 + 0.07 0.17 0.18 0.15 0.11 unch 0.10 + 0.40 + 0.34 + 0.19 + 0.17 + 0.35 + 0.05 unch 0.00 unch 0.45 0.55 0.09 0.10 0.08 0.09 + 0.16 0.13 0.98 + 1.22 + 0.17 + 0.18 0.28 0.35 unch 0.24 unch 4.87 2.76 + 3.33 + 5.78 0.28 + 0.29 + 0.22 + 0.32 + 0.26 + 1.07 + 1.30 + 6.00 13.75 + 16.64 + 0.39 + 0.48 + 3.14 0.04 0.05 unch 0.37 0.44 0.45 + 19.64 -

Nickel Creek Nickel North Nickel Rock Nickel Rock* Nicola Mg Inc Nicola Mg Inc* Nighthawk Gold* Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nippon Dragon* Nobel29 Res Noble Metal * Noble Metal Noble Mineral Noble Mineral* Noram Vent Noram Vent* Noranda Alum* Norilsk Nickel* Noront Res* Noront Res Norra Metals Norse Gold Norseman Silv Norsemont Cap* Norsemont Cap Nortec Mnls* Nortec Mnls North Am Nickl North Am Nickl* North Arrow Mn* North Arrow Mn North Bay Res * North Peak Res* North Peak Res Northcliff Res Northern Light Northern Uran Northisle C&G Northisle C&G * Northstar Gold Northstar Gold* Northwest Cop* Northwest Cop Norvista Cap NorZinc NorZinc* Nouveau Monde Nouveau Monde* NovaGold Res NovaGold Res* Novo Res NovX21* NQ Minerals Pl* Nrthn Graphite Nrthn Graphite* Nrthn Lion Nrthn Lion* Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* Nrthn Vertex* Nrthn Vertex NSGold NSJ Gold NSS Res Inc Nthn Dynasty* Nthn Dynasty Nthrn Sphere* Nubian Res Nuinsco Res Nuinsco Res* NuLegacy Gold* NuLegacy Gold Nutrien* Nutrien NV Gold* NV Gold O.T. Mining* O2Gold O3 Mining OceanaGold OceanaGold* Oceanic Iron O Oceanic Iron O* Oceanus Res Oceanus Res* Odyssey Res Olivut Res* Olivut Res Omai Gold Omineca Mining Omineca Mining* One World Lith One World Lith* Opawica Expl Opawica Expl* Ophir Gold Ophir Gold* Optimus Gold Opus One Gold Orbite Tech* Orca Gold* Orca Gold Orea Mining* Orea Mining Orefinders Res Orestone Mng Orex Mnrls Orex Mnrls* Orezone Gold* Orezone Gold Orford Mining OrganiMax* OrganiMax Origen Res Original Sixtn* Orla Mining Oroco Res* Oroco Res Orocobre Orosur Mng 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 Otso Gold* Otso Gold Outback Gold* Outback Gold Outcrop Gold OZ Minerals*

T 1621 V 269 V 2370 O 1538 V 528 O 48 O 57 T 337 V 181 V 60 T 333 O 1230 V 80 O 24 V 659 O 5 V 347 V 1683 O 121 V 1078 O 126 O 33 O 483 O 193 V 512 V 480 V 125 V 364 O 129 C 364 O 91 V 306 V 367 O 174 O 54 V 461 O 501880 O 105 V 201 T 113 C 1123 V 254 V 602 O 169 C 610 O 367 O 32 V 844 V 338 T 435 O 222 V 392 O 148 T 868 X 3795 T 786 O 7 O 55 V 468 O 305 V 45 O 10 O 77 V 674 V 256 O 210 O 447 V 1264 V 0 C 73 C 499 X 27382 T 1629 O 25 V 119 C 10346 O 1033 O 2060 V 4008 N 10835 T 6739 O 732 V 668 O 19 V 107 V 181 T 6772 O 15 V 203 O 13 V 1957 O 225 V 16 O 27 V 20 V 1077 V 542 O 477 C 287 O 329 V 285 O 12 V 311 O 229 V 96 V 281 O 288 O 170 V 715 O 127 T 575 V 1610 V 735 V 587 O 496 O 303 V 1237 V 50 O 0 V 82 C 84 O 2 T 1904 O 1156 V 1688 T 528 T 69 V 28 O 9 T 457 O 149 O 85 V 1234 O 28 N 3973 T 2231 O 21 V 800 T 3328 O 156 V 1090 O 52 C 400 V 4884 O 3

0.11 0.05 0.13 0.12 0.17 0.15 1.08 1.30 0.89 0.14 1.35 1.13 0.04 0.03 0.72 0.02 0.02 0.16 0.13 0.71 0.59 0.07 37.04 0.21 0.26 0.09 0.09 0.36 0.53 0.64 0.03 0.04 0.26 0.22 0.09 0.12 0.00 0.58 0.69 0.05 0.06 0.02 0.35 0.40 0.26 0.22 0.70 0.83 0.12 0.08 0.07 14.70 12.06 11.95 9.88 2.32 0.00 0.08 0.47 0.38 0.46 0.50 0.15 0.08 1.21 1.01 0.34 0.40 0.00 0.25 0.16 0.58 0.70 0.01 0.42 0.02 0.02 0.15 0.18 62.37 75.54 0.32 0.37 0.11 0.31 2.51 2.61 2.04 0.28 0.24 0.75 0.61 0.05 0.08 0.07 0.20 0.20 0.16 0.12 0.10 0.42 0.34 0.19 0.17 0.35 0.05 0.01 0.48 0.59 0.09 0.11 0.09 0.10 0.17 0.14 0.99 1.22 0.17 0.18 0.28 0.35 0.24 5.43 2.83 3.44 6.92 0.29 0.30 0.24 0.34 0.27 1.08 1.31 6.30 13.99 16.87 0.40 0.49 3.36 0.04 0.06 0.60 0.45 0.45 21.04

P2 Gold* P2 Gold Pac Booker Min Pac Booker Min* Pac Imperial Pac Ridge Expl Pac Ridge Expl* Pac Wildcat* Pacific Empire* Pacific Empire Pacific Silk Pacific Silk* Pacton Gold Paladin Energy* Palamina Corp Palamina Corp* Palayan Res* Paleo Resource Paleo Resource* Palladium One Palladium One* Pampa Metals* Pampa Metals Pan Am Silver Pan Am Silver* Pan Andean Min* Pan Andean Min Pan Global Res* Pan Global Res

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

0.37 0.51 2.00 1.65 0.04 0.32 0.28 0.01 0.05 0.07 0.05 0.00 0.78 0.45 0.29 0.20 0.14 0.03 0.02 0.37 0.31 0.36 0.44 43.74 36.14 0.17 0.21 0.53 0.64

Change

High Low

0.00 0.01 0.03 0.02 0.01 0.01 0.02 0.03 0.03 0.01 0.05 0.05 0.00 0.00 0.04 0.01 0.01 0.01 0.01 0.13 0.10 0.01 0.47 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.00 0.00 0.00 0.03 0.04 0.01 0.01 0.01 0.03 0.03 0.02 0.01 0.02 0.00 0.01 0.01 0.00 0.71 0.39 0.25 0.20 0.09 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.18 0.11 0.01 0.02 0.00 0.02 0.05 0.04 0.06 0.00 0.02 0.00 0.00 0.04 0.05 0.85 1.20 0.02 0.03 0.01 0.03 0.05 0.08 0.14 0.03 0.04 0.03 0.02 0.01 0.01 0.01 0.02 0.01 0.00 0.00 0.00 0.01 0.02 0.01 0.01 0.10 0.00 0.00 0.03 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.04 0.08 0.01 0.04 0.01 0.00 0.00 0.18 0.36 0.43 0.87 0.01 0.03 0.01 0.02 0.02 0.07 0.06 0.29 0.26 0.24 0.01 0.03 0.15 0.01 0.00 0.18 0.02 0.15 0.95

0.33 0.10 1.18 0.93 0.25 0.20 2.20 2.90 1.19 0.28 2.08 1.65 0.09 0.06 0.77 0.02 0.03 0.21 0.17 1.25 0.99 0.15 38.21 0.27 0.32 0.21 0.17 0.76 2.21 2.79 0.12 0.05 0.39 0.33 0.10 0.15 0.00 3.00 1.38 0.10 0.11 0.04 0.42 0.40 0.55 0.38 0.91 1.06 0.23 0.12 0.09 27.40 17.24 16.83 12.15 4.16 0.04 0.13 0.70 0.55 0.69 0.50 0.25 0.18 1.55 1.26 0.57 0.72 0.69 0.37 0.46 2.49 3.28 0.05 0.69 0.05 0.05 0.19 0.24 62.37 75.54 0.38 0.48 0.17 0.38 3.68 4.01 2.86 0.28 0.24 0.78 0.62 0.07 0.11 0.11 0.30 0.75 0.55 0.16 0.13 0.43 0.35 0.31 0.24 0.30 0.12 0.03 0.75 0.93 0.19 0.25 0.26 0.28 0.31 0.24 1.03 1.27 0.24 0.28 0.35 0.55 0.25 7.51 2.58 3.12 6.92 0.70 0.45 0.33 0.39 0.29 1.50 1.65 10.79 13.99 17.50 0.42 0.52 4.85 0.08 0.11 0.60 1.55 0.88 21.04

0.04 0.01 0.06 0.04 0.08 0.06 0.77 0.97 0.23 0.12 0.67 0.47 0.03 0.02 0.50 0.00 0.01 0.05 0.04 0.09 0.07 0.00 23.23 0.09 0.12 0.03 0.03 0.04 0.39 0.47 0.00 0.01 0.07 0.05 0.03 0.03 0.00 0.16 0.45 0.02 0.03 0.01 0.05 0.03 0.21 0.17 0.40 0.31 0.10 0.06 0.04 1.80 9.54 10.18 7.89 2.03 0.00 0.02 0.15 0.10 0.19 0.14 0.03 0.05 0.30 0.22 0.15 0.21 0.13 0.20 0.03 0.31 0.39 0.00 0.07 0.01 0.00 0.05 0.08 29.70 41.50 0.11 0.15 0.02 0.06 1.90 1.58 0.00 0.10 0.08 0.10 0.08 0.03 0.02 0.03 0.15 0.17 0.12 0.06 0.04 0.06 0.09 0.14 0.11 0.02 0.03 0.00 0.20 0.30 0.08 0.10 0.07 0.05 0.08 0.06 0.42 0.59 0.04 0.03 0.04 0.12 0.06 3.07 0.21 0.29 1.63 0.04 0.15 0.13 0.15 0.11 0.56 0.80 0.33 8.59 11.71 0.27 0.35 2.68 0.03 0.04 0.34 0.11 0.14 6.13

0.01 0.06 0.02 0.04 0.00 0.11 0.10 0.00 0.00 0.01 0.01 0.00 0.06 0.04 0.08 0.05 0.05 0.00 0.00 0.00 0.00 0.05 0.07 5.04 4.04 0.00 0.02 0.02 0.02

0.59 0.90 2.60 2.07 0.08 0.32 0.28 0.01 0.16 0.21 0.06 0.04 1.81 0.45 0.34 0.26 1.82 0.04 0.03 0.40 0.49 0.45 0.72 53.30 40.11 0.24 0.30 0.56 0.72

0.20 0.20 1.33 1.04 0.02 0.04 0.02 0.00 0.04 0.05 0.02 0.01 0.60 0.06 0.12 0.08 0.06 0.01 0.00 0.08 0.05 0.31 0.36 29.69 21.05 0.00 0.08 0.00 0.16

P-Q 5 81 16 8 243 1789 395 1 425 168 60 0 434 9591 510 200 6159 107 104 4716 1355 188 299 4089 22699 105 1311 143 1889

0.36 0.37 0.00 0.51 1.94 2.00 0.00 1.65 0.04 0.04 0.19 0.31 0.16 0.26 0.00 0.01 0.04 0.05 0.00 0.06 0.00 0.05 0.00 0.03 0.71 0.72 0.34 0.39 0.20 0.26 0.18 0.20 0.06 0.07 0.03 0.03 0.02 0.02 0.32 0.33 0.25 0.27 0.29 0.29 0.35 0.35 35.60 37.46 29.20 30.95 0.15 0.16 0.18 0.21 0.48 0.48 0.58 0.58

+ + + unch + + unch + unch + + unch + unch + + + + -

Exc Volume

Week Low

518 226 81 226 347 43 82 1 1226 192 832 187 1951 1056 114 1566 21 133 45922 2306 290 60 437 342 241 94 432 216 619 926 103 442 27 98 6 10 90 14 640 65 898 139 105 345 1 2274 6187 670 4461 708 385 198 11 591 14 0 1543 884 562 1 714 163 105 676 551 3834 1410 162 3 81 718 236 166 17 150 187 585 6 10 7 88 123 376 1017 37 1343 144 6221 56 882 250 288 129 1876 4490 7325 4 392 2158 1073 10 278 219 12 475 636 1156 253 295 51 2 931 1802 497 329 211

0.17 0.14 0.01 0.03 0.18 0.15 0.18 0.06 0.37 0.36 1.10 0.03 0.45 0.04 0.09 0.10 0.14 0.15 7.17 0.07 0.05 0.12 0.15 0.10 0.09 10.70 8.87 1.23 0.06 0.07 0.12 0.15 0.08 0.10 0.10 0.07 0.09 0.83 0.30 0.26 0.31 0.27 108.95 0.22 0.00 0.57 0.69 0.07 5.19 6.25 0.04 0.17 0.13 2.94 3.54 0.00 0.12 0.10 0.10 0.08 0.25 0.28 0.02 0.18 0.15 11.68 14.11 0.11 0.09 2.98 3.64 0.09 0.22 0.07 1.47 1.79 0.40 0.35 0.21 4.37 0.28 1.75 0.12 0.08 0.06 0.36 0.28 0.03 0.22 0.29 0.02 1.03 1.25 1.32 1.58 0.19 0.24 0.25 0.24 0.20 0.20 0.25 0.20 0.17 0.30 0.35 0.09 0.07 0.95 0.19 0.13 0.17 0.14 0.07 0.03 1.14

0.16 0.16 0.13 0.13 0.00 0.01 + 0.03 0.03 unch 0.16 0.17 + 0.14 0.14 + 0.17 0.17 0.06 0.06 unch 0.25 0.26 0.29 0.30 1.01 1.04 0.03 0.03 unch 0.34 0.39 0.03 0.04 0.00 0.07 0.08 0.09 0.00 0.14 unch 0.12 0.13 5.18 6.50 + 0.05 0.06 + 0.04 0.05 + 0.12 0.12 0.14 0.15 unch 0.09 0.10 0.07 0.08 9.12 9.45 7.51 7.84 1.12 1.16 0.05 0.05 unch 0.03 0.06 + 0.10 0.10 0.12 0.13 0.07 0.08 + 0.08 0.10 + 0.00 0.10 + 0.07 0.07 0.09 0.09 + 0.00 0.61 + 0.27 0.28 0.00 0.24 0.28 0.29 0.23 0.23 0.00 103.50 + 0.20 0.22 + 0.00 0.05 unch 0.53 0.54 0.64 0.65 0.06 0.06 unch 4.19 4.53 5.12 5.49 0.04 0.04 unch 0.16 0.16 + 0.12 0.12 + 2.69 2.82 3.28 3.41 0.00 0.00 unch 0.10 0.12 + 0.08 0.10 + 0.08 0.10 + 0.00 0.08 + 0.21 0.22 0.26 0.27 0.00 0.00 0.14 0.15 0.12 0.12 10.75 11.19 13.08 13.54 0.09 0.09 0.09 0.09 unch 2.65 2.98 + 3.20 3.59 + 0.09 0.09 unch 0.19 0.21 + 0.07 0.07 unch 1.35 1.39 1.62 1.68 0.29 0.29 0.27 0.27 0.21 0.21 unch 2.63 3.99 0.27 0.27 1.55 1.69 + 0.11 0.12 unch 0.07 0.08 unch 0.06 0.06 0.28 0.32 + 0.22 0.25 + 0.02 0.02 unch 0.20 0.20 + 0.23 0.24 + 0.02 0.02 + 0.91 0.96 1.10 1.16 1.10 1.25 + 1.34 1.52 + 0.12 0.14 0.16 0.16 0.15 0.16 0.20 0.21 0.17 0.17 0.00 0.20 + 0.23 0.24 unch 0.18 0.20 0.16 0.16 0.25 0.28 + 0.31 0.34 unch 0.08 0.08 + 0.06 0.07 + 0.71 0.90 + 0.17 0.19 + 0.13 0.13 + 0.14 0.16 + 0.11 0.13 + 0.06 0.07 unch 0.00 0.02 unch 1.00 1.02 -

V 1 O 40 V 735 V 543 C 77 C 114 O 212 V 185 O 4 O 697 O 804 V 2302 C 70 C 838 O 31 V 1463 V 294 O 44 V 242 O 90 C 2022 V 50 O 3 O 57 V 223 O 559 V 322 V 976 O 1106 V 500 O 6 V 2342 V 312 O 3642 V 3999 V 54 O 160030 V 154 O 27 O 16 N 18490 O 5 O 553 V 282 C 61 O 49 V 278 O 406 O 3 V 233 V 658 O 43 V 116 O 57 V 272 O 94 C 563 C 200 O 20 V 314 C 538 V 762 V 2 V 28 O 2101 O 167

0.00 0.33 0.27 0.24 0.10 0.30 3.50 0.15 0.13 0.01 1.86 0.03 0.14 0.22 0.00 1.09 0.75 2.17 0.85 0.09 0.11 0.07 0.00 0.07 0.07 0.64 0.79 1.01 0.84 1.20 0.03 0.06 0.51 0.15 0.16 0.40 0.00 0.09 0.08 94.42 95.97 106.55 0.66 0.80 0.66 0.54 0.21 0.19 0.17 0.21 0.43 0.12 0.12 3.68 4.49 0.06 0.08 0.04 0.12 0.15 0.25 0.19 0.16 0.11 0.82 0.34

Pancontinental V Pancontinental* O Panex Res* O Pangolin Dia V Panoro Mnrls V Panoro Mnrls* O Pantera Silver V PanTerra Gold* O Pantheon Vent V Para Resources V Paramount Gold* X Paringa Res* O 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 Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal* O Peruvian Metal V Petrolympic* O Petrolympic V Philex Mng* O Philippine Mtl* O Philippine Mtl V Phoenix Global* O Phoenix Gold V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Plateau Energy* O Plateau Energy V Platinex Inc C Platinum Gp Mt* X Platinum Gp Mt T Plato Gold V Playfair Mng V Playfair Mng* O PolyMet Mng* X PolyMet Mng T Portex Mnrls* O Portofino Res V Portofino Res* O Power Group V Power Group* O Power Metals* O Power Metals V PPX Mining* O Precipitate Gl V Precipitate Gl* O Pretium Res* N Pretium Res T Prime Meridian V Prime Meridia* O 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 Project One C Promithian Gl * O Prophecy Pot 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 Quadro Res V Quadro Res* O Quantum Batt C Quartz Mtn Res V Quartz Mtn Res* O Quaterra Res V Quaterra Res* O Quebec Silica C Quest Rare Mnl* O Questex Gold V

Last

12-month

High

Change

Stock

0.02 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.08 0.06 0.01 0.00 0.03 0.01 0.01 0.01 0.00 0.00 1.38 0.01 0.01 0.00 0.00 0.01 0.00 1.17 0.91 0.04 0.00 0.03 0.01 0.01 0.01 0.02 0.01 0.00 0.01 0.16 0.01 0.02 0.02 0.06 0.50 0.01 0.00 0.00 0.02 0.00 0.54 0.65 0.00 0.01 0.01 0.06 0.08 0.00 0.01 0.01 0.01 0.03 0.00 0.01 0.01 0.02 0.03 0.26 0.36 0.02 0.00 0.14 0.15 0.00 0.01 0.00 0.02 0.04 0.11 0.08 0.00 0.51 0.09 0.14 0.00 0.00 0.00 0.05 0.03 0.00 0.02 0.01 0.00 0.06 0.08 0.15 0.20 0.05 0.09 0.09 0.03 0.02 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.13 0.03 0.00 0.03 0.02 0.00 0.00 0.05

0.20 0.20 0.01 0.05 0.23 0.18 0.20 0.07 1.02 0.74 1.59 0.03 0.84 0.09 0.31 0.42 0.50 0.23 7.17 0.09 0.06 0.20 0.27 0.15 0.12 20.40 9.45 1.52 0.10 0.10 0.12 0.15 0.12 0.15 0.14 0.08 0.12 0.83 0.55 0.35 0.45 0.42 128.00 0.25 0.06 0.78 0.98 0.13 6.27 8.00 0.05 0.23 0.16 9.70 13.00 0.03 0.26 0.25 0.10 0.08 0.39 0.51 0.06 0.41 0.30 14.55 19.13 0.17 0.14 2.99 3.72 0.14 0.88 0.15 1.53 1.95 0.50 0.37 0.60 13.50 0.52 2.40 0.15 0.20 0.17 1.50 0.85 0.08 0.22 0.29 0.30 2.07 2.63 2.42 3.08 0.20 0.39 0.65 0.35 4.12 0.27 0.38 0.50 0.30 0.47 0.60 0.33 0.25 0.95 0.29 0.19 0.20 0.16 0.27 0.06 1.37

0.06 0.03 0.00 0.02 0.08 0.05 0.08 0.01 0.05 0.15 0.96 0.00 0.04 0.01 0.01 0.08 0.07 0.03 0.80 0.01 0.01 0.11 0.13 0.07 0.05 5.20 5.52 0.92 0.04 0.00 0.02 0.03 0.02 0.03 0.03 0.04 0.04 0.28 0.01 0.09 0.12 0.22 64.38 0.08 0.03 0.14 0.20 0.02 1.32 1.81 0.03 0.04 0.03 2.40 3.20 0.00 0.05 0.05 0.03 0.02 0.17 0.23 0.00 0.14 0.08 7.74 10.53 0.04 0.06 0.47 0.66 0.01 0.19 0.06 0.79 1.06 0.04 0.03 0.16 2.63 0.10 0.35 0.07 0.07 0.02 0.24 0.00 0.01 0.04 0.05 0.01 0.06 0.24 0.67 0.95 0.03 0.16 0.14 0.05 0.12 0.15 0.20 0.12 0.09 0.06 0.08 0.07 0.05 0.55 0.10 0.10 0.05 0.03 0.06 0.00 0.35

Rokmaster Res Romios Gold Rs Romios Gold Rs* RosCan Gold* RosCan Gold Roughrider Exp Rover Metals Rover Metals* Roxgold Roxgold* Royal Gold* Royal Mines &M* Royal Rd Mnrls Royal Std Mnrl* RT Minerals RT Minerals* RTG Mining Rugby Mng Running Fox Rs* Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

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

0.00 0.00 0.02 0.01 0.01 0.04 0.75 0.01 0.02 0.01 0.07 0.01 0.01 0.01 0.00 0.28 0.04 0.14 0.02 0.01 0.00 0.00 0.00 0.01 0.01 0.05 0.06 0.02 0.01 0.02 0.01 0.01 0.05 0.03 0.05 0.02 0.00 0.01 0.00 4.65 4.94 2.26 0.03 0.01 0.08 0.07 0.03 0.02 0.01 0.03 0.01 0.02 0.04 0.28 0.46 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.03 0.01 0.00

0.50 0.33 0.40 0.38 0.11 0.40 14.50 0.18 0.15 0.12 4.13 0.12 0.25 0.49 0.03 0.83 0.95 4.38 1.74 1.00 0.12 0.13 0.00 0.11 0.14 1.13 1.45 1.74 1.35 1.20 0.06 0.08 0.74 0.27 0.25 0.62 0.01 0.11 0.09 94.42 95.97 108.00 0.85 1.03 1.10 0.83 0.54 0.40 0.26 0.36 0.56 0.13 0.15 7.00 9.00 0.10 0.14 0.09 0.19 0.25 0.29 0.23 0.20 0.16 1.93 0.60

0.13 0.09 0.17 0.18 0.05 0.12 0.51 0.07 0.07 0.00 0.47 0.03 0.06 0.19 0.00 0.06 0.30 2.00 0.54 0.01 0.03 0.05 0.00 0.04 0.05 0.50 0.63 0.50 0.44 0.15 0.03 0.04 0.29 0.04 0.07 0.12 0.00 0.04 0.03 44.60 44.57 56.85 0.33 0.50 0.54 0.41 0.17 0.12 0.11 0.15 0.28 0.02 0.03 0.36 0.54 0.04 0.06 0.02 0.07 0.09 0.11 0.10 0.02 0.06 0.11 0.14

Sabina Gd&Slvr* Sabina Gd&Slvr Sable Res Sable Res* Sage Gold* Sailfish Rylty Saint Jean Saint Jean* Salazar Res* Salazar Res Salt Lake Pot* Sama Res Sama Res* San Gold Corp* San Lorenzo Sanatana Res Sanatana Res* Sandfire Res* Sandfire Res Sandspring Res* Sandstorm Gold Sandstorm Gold* Santacruz Silv Sarama Res Sarissa Res* Sassy Res Sassy Res* Satori Res* Satori Res Saturn Mnrls Savannah Min Saville Res Scandium Intl* Scandium Intl Scorpio Gold Scorpio Gold * Scotch Creek Scottie Res* Scottie Res ScoZinc Mg* ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold Seahawk Gold* Search Mnls Search Mnls* Searchlight* SearchlightMin* SearchlightRes Secova Mtls* Sego Res Select Sands Sentinel Res* Sentinel Res Serabi Gold Serabi Gold* Sherritt Intl Shine Minerals* Shine Minerals Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res* Sienna Res Sierra Madre G Sierra Metals Sierra Metals* Sigma Lithium Signature Res* Signature Res Silver Bear Rs* Silver Bear Rs Silver Bull Re* Silver Bull Re Silver Dollar Silver Dollar* Silver Eleph* Silver Eleph Silver Grail Silver One Silver One* Silver Phoenix Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Spruce* Silver Spruce Silver Viper Silver Viper* Silver Wolf Silver Wolf* Silvercorp Met* Silvercorp Met SilverCrest* SilverCrest Silverore Mns* Silverstar Res* Silverton Met Sirios Res* Sirios Res Sitka Gold Sitka Gold* Sixty North Sixty North* Skeena Res* 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 Solitario Ex&R Solitario Ex&R* Solstice Gold Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic* South Atlantic 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 Spearmint Res* Spearmint Res Spey Resources Sphinx Res Spruce Ridge R SRG Mining SRHI Inc* SRHI Inc SSR Mining SSR Mining* St Augustine

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

R Rackla Metals Rackla Metals* Radisson Mng Radius Gold Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl Rainy Mtn Royl* Rambler Metals* Rare Element* Rathdowney Res Razore Rock Res Ready Set Gold Red Eagle Mng* Red Moon Res Red Pine Expl Regis Res NL* Regulus Res Renforth Res* Renforth Res Resolve Vent Resource Cap* Reunion Gold* Reunion Gold Revival Gold * Revival Gold Reyna Silver Reyna Silver* Rhyolite Res Richmond Mnls* Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold Rimrock 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*

0.00 0.41 unch 0.33 0.33 unch 0.23 0.25 0.21 0.22 0.09 0.09 0.25 0.29 + 2.39 3.00 + 0.14 0.15 + 0.13 0.13 0.01 0.01 1.70 1.76 0.03 0.03 0.12 0.13 + 0.19 0.21 0.00 0.00 + 0.68 1.03 + 0.70 0.70 2.00 2.01 0.76 0.80 0.07 0.08 0.09 0.10 unch 0.07 0.07 unch 0.00 0.00 unch 0.05 0.05 0.07 0.07 0.53 0.56 0.65 0.68 0.90 0.91 + 0.75 0.75 + 1.00 1.10 + 0.03 0.03 0.05 0.05 0.47 0.50 + 0.09 0.10 0.11 0.12 0.33 0.33 0.00 0.00 0.08 0.08 0.06 0.08 + 86.97 86.97 87.25 88.23 0.00 97.61 0.59 0.62 0.72 0.79 0.53 0.53 0.38 0.45 0.18 0.18 0.15 0.15 0.16 0.17 + 0.18 0.18 0.37 0.42 + 0.09 0.09 0.09 0.09 3.23 3.41 3.93 3.98 0.06 0.06 + 0.08 0.08 unch 0.03 0.03 unch 0.11 0.12 + 0.13 0.15 + 0.23 0.25 0.17 0.19 + 0.00 0.16 unch 0.08 0.11 + 0.70 0.75 + 0.32 0.33 unch

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

362 513 214 1273 1800 202 1069 291 9732 312 1885 738 99 0 424 310 79 134 20 105 932 27 628 401

0.41 0.05 0.04 0.47 0.53 0.15 0.11 0.10 2.20 2.00 123.86 0.06 0.36 0.00 0.13 0.10 0.17 0.13 0.04 0.05 5.68 4.63 0.06 0.05

0.39 0.40 0.05 0.05 0.04 0.04 + 0.39 0.43 0.47 0.49 0.14 0.14 0.10 0.10 0.08 0.08 2.03 2.11 1.66 1.74 + 116.41 123.16 + 0.03 0.04 0.34 0.34 0.00 0.07 unch 0.12 0.12 0.10 0.10 unch + 0.15 0.17 0.13 0.13 unch 0.03 0.03 0.04 0.04 + 5.05 5.68 + 4.25 4.63 + 0.05 0.06 + 0.04 0.05

5113 4243 1385 1439 288 41 1354 139 44 401 1 1011 52 180 276 1450 6 369 102 134 1127 9756 1336 280 7825 1439 456 30 272 7631 5 181 306 333 515 87 157 140 515 0 112 338 1335 16 60 499 73 64 122 2033 8 34 190 78 642 23 1 2051 1 15 4 11852 3327 307 750 491 459 3393 230 435 2544 41 416 222 181 437 294 1486 1744 69 1859 2510 71 66 12 56 59 427 580 133 569 1057 1643 254 180 5435 1742 4348 1413 64 5 70 67 331 1489 107 675 278 441 2742 147 401 3272 1496 581 55 468 353 121 115 819 4020 1539 853 195 235 32 2247 726 647 2456 1949 206 1431 15 10979 51 151 1986 2227 89 158 1773 1094 3239 70 689 1911 6248 1111 715 509 94 1290 3187 4400 9233 5159

1.60 1.88 0.39 0.33 0.01 1.37 0.15 0.15 0.31 0.38 0.33 0.20 0.15 0.01 0.28 0.18 0.14 0.21 0.24 3.03 10.10 8.34 0.51 0.26 0.01 0.70 0.58 0.09 0.12 0.14 0.24 0.06 0.20 0.23 0.12 0.10 0.76 0.20 0.24 0.00 0.80 22.30 18.49 0.63 0.53 0.20 0.18 0.06 0.02 0.08 0.05 0.05 0.06 0.12 0.15 1.30 1.00 0.58 0.12 0.12 4.65 19.72 0.09 0.10 0.12 0.95 4.52 3.76 7.05 0.16 0.19 0.12 0.15 0.84 1.05 1.36 1.11 0.32 0.39 0.18 0.76 0.64 0.14 0.20 0.19 0.26 0.20 0.16 0.19 0.06 0.07 0.50 0.42 0.58 0.51 6.10 7.38 9.50 11.55 0.30 0.25 0.80 0.09 0.10 0.20 0.16 0.07 0.06 2.83 3.43 0.20 0.18 0.22 0.49 0.40 0.06 0.07 0.39 0.31 0.70 0.07 0.53 0.44 11.64 0.47 0.54 0.83 0.70 0.14 0.22 0.27 0.04 0.09 0.09 2.36 83.29 0.18 0.23 0.63 0.52 0.68 0.06 0.33 0.29 0.10 0.07 0.30 0.16 0.20 0.33 0.03 0.20 0.58 0.82 0.97 21.55 17.85 0.16

High Low

0.01 0.01 0.00 0.00 0.03 0.01 0.01 0.01 0.05 0.03 3.21 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.41 0.24 0.01 0.00

0.76 0.08 0.06 0.80 0.64 0.36 0.13 0.15 2.32 2.00 147.64 0.06 0.48 1.24 0.29 0.20 0.23 0.19 0.07 0.08 6.20 8.70 0.14 0.09

0.16 0.03 0.02 0.20 0.33 0.14 0.03 0.02 1.22 0.87 99.32 0.00 0.20 0.06 0.03 0.02 0.05 0.07 0.01 0.01 1.26 0.89 0.03 0.02

0.09 0.10 0.01 0.01 0.00 0.00 0.01 0.03 0.03 0.02 0.02 0.01 0.00 0.00 0.03 0.02 0.02 0.01 0.03 0.03 0.33 0.28 0.02 0.01 0.00 0.03 0.01 0.00 0.00 0.01 0.04 0.00 0.02 0.03 0.01 0.00 0.03 0.01 0.01 0.00 0.02 0.13 0.09 0.05 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.07 0.02 0.06 0.00 0.00 0.12 0.90 0.00 0.00 0.01 0.02 0.36 0.31 0.61 0.00 0.01 0.00 0.01 0.03 0.05 0.05 0.04 0.01 0.01 0.02 0.02 0.01 0.01 0.09 0.06 0.02 0.02 0.00 0.01 0.01 0.00 0.03 0.01 0.03 0.01 0.03 0.07 0.50 0.65 0.10 0.12 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.07 0.08 0.02 0.00 0.01 0.04 0.02 0.00 0.01 0.08 0.05 0.02 0.02 0.01 0.01 0.75 0.03 0.04 0.05 0.05 0.00 0.02 0.03 0.00 0.03 0.01 0.13 0.57 0.00 0.01 0.00 0.00 0.05 0.01 0.05 0.04 0.01 0.00 0.02 0.02 0.03 0.08 0.00 0.02 0.05 0.11 0.15 0.16 0.11 0.03

2.80 3.54 0.39 0.36 0.05 1.57 0.15 0.19 0.31 0.40 0.45 0.22 0.17 0.04 0.30 0.40 0.32 0.31 0.40 3.51 14.22 10.63 0.58 0.51 0.02 1.24 0.92 0.14 0.20 0.16 2.00 0.09 0.28 0.35 0.22 0.17 0.95 0.46 0.53 0.56 0.80 29.00 22.86 0.71 0.55 0.37 0.40 0.10 0.07 0.14 0.25 0.06 0.08 0.66 0.85 2.06 1.56 0.70 0.19 0.25 7.72 20.68 0.09 0.14 0.17 1.07 4.92 3.92 7.05 0.18 0.22 0.18 0.24 0.90 1.40 2.29 2.51 0.46 0.59 0.35 0.94 0.75 0.25 0.34 0.40 0.26 0.30 0.37 0.49 0.48 0.12 0.85 1.20 0.60 0.51 8.91 11.62 12.88 16.37 0.30 0.29 1.00 0.20 0.26 0.34 0.27 0.11 0.08 3.11 3.95 0.50 0.20 0.23 0.60 0.48 0.11 0.16 0.43 0.31 0.75 0.25 0.53 0.44 11.98 0.56 0.72 1.56 1.25 0.15 0.28 0.34 0.06 0.13 0.18 2.36 83.29 0.34 1.45 0.70 0.55 1.39 0.14 0.77 0.59 0.21 0.16 0.80 0.36 0.27 0.35 0.03 0.23 1.05 0.66 1.02 33.69 25.32 0.20

1.17 1.60 0.06 0.05 0.00 0.87 0.02 0.01 0.15 0.19 0.28 0.11 0.08 0.00 0.14 0.08 0.00 0.13 0.18 1.60 7.57 5.96 0.11 0.18 0.00 0.35 0.28 0.04 0.04 0.08 0.20 0.02 0.05 0.07 0.08 0.06 0.08 0.12 0.18 0.26 0.33 19.24 13.98 0.15 0.15 0.03 0.02 0.02 0.01 0.03 0.00 0.03 0.01 0.10 0.12 1.05 0.00 0.11 0.03 0.08 2.53 6.99 0.02 0.03 0.05 0.74 0.94 0.65 1.30 0.03 0.04 0.00 0.11 0.46 0.61 0.22 0.69 0.12 0.17 0.08 0.33 0.22 0.10 0.05 0.08 0.02 0.10 0.12 0.15 0.02 0.04 0.33 0.24 0.05 0.13 3.74 5.27 6.85 9.13 0.00 0.00 0.59 0.08 0.10 0.10 0.07 0.03 0.02 0.76 1.06 0.18 0.04 0.06 0.15 0.10 0.01 0.02 0.04 0.20 0.19 0.05 0.08 0.06 1.38 0.25 0.35 0.37 0.24 0.04 0.09 0.12 0.03 0.05 0.02 1.24 31.38 0.16 0.19 0.14 0.10 0.01 0.04 0.09 0.06 0.02 0.01 0.26 0.01 0.03 0.03 0.01 0.05 0.33 0.59 0.14 17.29 13.68 0.01

S 1.33 1.60 0.33 0.27 0.01 1.31 0.11 0.08 0.27 0.00 0.00 0.16 0.14 0.00 0.24 0.13 0.11 0.17 0.22 2.82 9.13 7.53 0.45 0.23 0.00 0.59 0.43 0.09 0.10 0.11 0.00 0.06 0.14 0.20 0.11 0.09 0.67 0.18 0.22 0.00 0.62 20.79 17.14 0.56 0.50 0.18 0.14 0.05 0.02 0.06 0.05 0.00 0.00 0.10 0.12 1.20 0.00 0.50 0.12 0.12 4.41 17.61 0.07 0.08 0.10 0.86 3.91 3.21 5.35 0.14 0.17 0.05 0.12 0.76 0.97 1.14 0.94 0.28 0.34 0.15 0.65 0.54 0.14 0.00 0.00 0.14 0.19 0.14 0.17 0.05 0.06 0.42 0.34 0.50 0.41 5.48 6.69 8.20 9.99 0.13 0.13 0.66 0.08 0.00 0.16 0.14 0.07 0.05 2.57 3.10 0.18 0.13 0.17 0.41 0.34 0.00 0.06 0.32 0.26 0.59 0.05 0.44 0.36 10.13 0.40 0.50 0.76 0.62 0.12 0.17 0.22 0.03 0.00 0.08 2.36 74.80 0.17 0.22 0.52 0.43 0.00 0.06 0.28 0.23 0.07 0.06 0.26 0.09 0.14 0.26 0.02 0.17 0.53 0.57 0.72 19.86 16.37 0.13

1.43 1.73 0.37 0.31 0.01 unch 1.35 unch + 0.13 + 0.11 0.27 0.35 0.33 0.17 0.14 0.01 0.25 0.15 0.12 0.19 0.22 2.95 + 10.08 + 8.31 0.46 0.24 + 0.00 + 0.63 + 0.50 + 0.09 0.11 unch 0.11 0.24 0.06 unch 0.17 0.20 0.11 0.09 0.73 + 0.19 + 0.24 0.54 unch + 0.67 21.92 18.06 0.59 0.52 0.18 0.16 + 0.06 + 0.02 0.07 unch 0.05 unch + 0.05 0.05 0.12 0.14 1.22 + 1.00 0.51 0.12 unch 0.12 unch 4.53 18.47 + 0.08 0.09 0.11 0.90 4.10 3.38 + 5.90 + 0.15 + 0.19 0.11 + 0.14 + 0.83 + 1.01 1.15 0.96 0.30 0.36 0.16 0.71 0.59 0.14 0.14 0.18 + 0.17 + 0.20 + 0.15 + 0.19 0.05 0.06 unch 0.47 0.39 + 0.52 + 0.42 5.90 7.13 8.81 10.65 + 0.29 + 0.25 0.80 unch 0.08 0.10 0.17 unch + 0.14 0.07 + 0.06 2.71 3.28 0.18 0.14 0.17 0.44 0.36 0.05 0.06 0.32 0.26 + 0.59 0.05 0.47 0.38 10.67 0.41 0.52 0.76 0.63 0.14 unch + 0.21 + 0.26 0.04 unch + 0.09 + 0.08 + 2.36 76.30 0.18 unch + 0.23 0.54 unch 0.44 0.61 0.06 + 0.32 + 0.26 + 0.09 0.07 0.27 + 0.16 + 0.19 + 0.33 0.02 unch 0.18 0.53 0.61 0.72 20.91 17.26 + 0.15

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / MAY 24–JUNE 6, 2021

Week

Exc Volume

Low

0.23 0.28 0.18 0.23 3.50 4.80 + 2.80 4.04 + 0.51 0.55 + 0.07 0.07 3.37 3.73 0.05 0.07 0.18 0.18 0.22 0.22 0.00 0.02 unch 0.18 0.20 + 0.23 0.25 0.05 0.06 + 0.18 0.19 + 0.21 0.24 + 2.35 2.71 + 2.84 3.28 + 0.00 0.51 + 0.05 0.06 0.07 0.07 0.11 0.11 2.14 2.16 1.79 1.84 + 0.51 0.61 + 0.42 0.50 + 0.10 0.10 0.09 0.09 0.25 0.28 + 0.20 0.20 0.08 0.09 + 0.00 0.00 0.20 0.23 0.14 0.15 0.18 0.18 0.00 0.00 0.37 0.37 0.44 0.45 0.22 0.22 0.00 0.20 0.04 0.05 0.23 0.24 unch 0.19 0.19 + 0.20 0.25 + 0.18 0.20 + 0.00 0.76 0.55 0.60 + 0.45 0.54 + 0.26 0.26 0.00 0.00 unch 0.11 0.12 0.98 1.04 + 1.23 1.25 + 0.39 0.40 unch 0.80 1.02 + 0.65 0.82 + 22.41 23.23 27.35 28.12 0.60 0.66 0.75 0.79 + 0.62 0.66 + 0.51 0.51 0.06 0.06 unch 0.00 0.04 unch 0.00 0.18 0.21 0.21 unch 0.38 0.42 + 0.45 0.50 + 0.00 0.01 + 0.18 0.18 unch 0.75 0.77 -

St-Georges Eco St-Georges Eco* St. James Gold St. James Gold* Stakeholdr Gld Standard Graph* Standard Lith Standard Metal* Standard Uran* Standard Uran Stans Energy* Star Diamond* Star Diamond Star Gold* Starcore Intl* Starcore Intl Starr Peak* Starr Peak Steele Oceanic* Stellar Africa* Stellar Africa Stelmine Can Steppe Gold Steppe Gold* Sterling Metal Sterling Metal* Stevens Gold Stevens Gold* Stinger Res Stinger Res* Stone Gold Stornoway Diam* Straightup Res Stratabd Mnr* Stratabd Mnr Strateco Res* Strategic Metl* Strategic Metl Strategic Res Strategic Res* Stria Lithium Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor Stuhini Explor* Stuve Gold Sulliden Mng* Sulliden Mng Summa Silver* Summa Silver Sun Peak Metal Sun Summit Sun Summit* Suncor Energy* Suncor Energy Superior Gold* Superior Gold Superior Mng Superior Mng* Supernova Met Supernova Met* Surge Battery* Surge Battery Surge Copper* Surge Copper Sutter Gold* Sylla Gold Syrah Res*

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

5671 2781 77 61 106 780 1281 18 417 2622 21 37 921 56 65 113 855 2794 0 76 132 21 108 26 1006 446 136 87 812 13 742 3535 1031 186 233 289 419 276 994 3 364 2067 1852 2008 377 67 76 10 17 1 468 169 397 210 3159 187 37071 48043 125 1296 142 7 106 63 35 245 172 4529 291 25 124

0.32 0.30 5.01 4.15 0.55 0.09 4.20 0.07 0.22 0.27 0.02 0.21 0.25 0.06 0.21 0.25 2.72 3.29 0.51 0.07 0.08 0.12 2.31 1.92 0.72 0.60 0.14 0.22 0.28 0.23 0.10 0.00 0.23 0.17 0.20 0.00 0.40 0.48 0.25 0.20 0.05 0.26 0.22 0.26 0.21 0.90 0.60 0.54 0.30 0.00 0.13 1.27 1.35 0.42 1.09 0.95 24.13 29.19 0.68 0.82 0.68 0.60 0.06 0.04 0.18 0.23 0.46 0.54 0.01 0.18 0.89

Taiga Gold Taiga Gold* Tajiri Res Talisker Res* Talisker Res Talmora Diamd Talon Metals Tamerlane Vent* Tanqueray Expl Tantalex Res Tanzanian Gold Tanzanian Gold* Tarachi Gold* Tarachi Gold Taranis Res Taranis Res* Tarku Res Tarku Res* Tartisan Nick Tartisan Nick* Taseko Mines Taseko Mines* TDG Gold Teck Res* Teck Res Teck Res Tectonic Metal* Tectonic Metal

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

631 96 1271 236 952 485 3345 5 250 1802 136 6288 358 2024 243 187 743 48 366 61 5310 25155 141 33481 10748 26 352 1446

0.19 0.16 0.12 0.30 0.35 0.03 0.67 0.00 10.28 0.06 0.68 0.56 0.34 0.41 0.10 0.09 0.13 0.11 0.52 0.44 3.22 2.67 0.41 26.72 32.27 40.00 0.13 0.16

Last

High Low

Stock

0.03 0.02 0.70 0.59 0.01 0.01 0.38 0.00 0.02 0.02 0.00 0.00 0.01 0.01 0.01 0.01 0.24 0.30 0.46 0.00 0.01 0.01 0.06 0.02 0.10 0.08 0.04 0.03 0.01 0.02 0.01 0.00 0.01 0.02 0.01 0.00 0.03 0.02 0.04 0.06 0.01 0.00 0.00 0.01 0.00 0.02 0.02 0.06 0.01 0.00 0.01 0.05 0.02 0.00 0.10 0.07 0.40 0.54 0.00 0.02 0.03 0.08 0.00 0.00 0.00 0.00 0.07 0.06 0.00 0.00 0.08

1.19 0.99 6.50 5.16 0.60 0.17 4.75 0.10 0.25 0.38 0.18 0.24 0.34 0.19 0.27 0.35 2.55 3.08 0.51 0.11 0.14 0.14 3.14 2.41 0.92 0.70 0.38 0.29 0.35 0.29 0.28 0.01 0.35 0.26 0.38 0.01 0.60 0.80 0.52 0.41 0.09 0.33 0.26 0.27 0.21 0.90 0.94 0.72 0.55 0.09 0.20 2.20 3.50 1.34 1.09 0.95 24.13 29.55 1.15 1.53 0.89 0.63 0.32 0.24 0.25 0.29 0.46 0.85 0.05 0.18 1.10

0.04 0.02 0.06 0.06 0.17 0.05 0.80 0.03 0.12 0.12 0.00 0.11 0.15 0.01 0.06 0.08 0.38 0.50 0.05 0.02 0.02 0.04 1.25 1.42 0.05 0.04 0.11 0.10 0.10 0.19 0.06 0.00 0.12 0.11 0.06 0.00 0.26 0.35 0.22 0.20 0.01 0.03 0.03 0.07 0.05 0.23 0.25 0.29 0.21 0.00 0.04 0.60 0.35 0.35 0.18 0.14 10.67 14.28 0.40 0.51 0.23 0.22 0.04 0.04 0.03 0.05 0.32 0.07 0.00 0.08 0.17

0.01 0.00 0.01 0.00 0.01 0.00 0.07 0.00 0.08 0.00 0.04 0.05 0.00 0.01 0.00 0.00 0.00 0.00 0.02 0.00 0.08 0.07 0.01 0.18 0.25 3.23 0.05 0.02

0.31 0.22 0.23 0.39 0.44 0.15 0.90 0.10 26.25 0.12 2.12 1.91 0.43 1.00 0.16 0.16 0.25 0.14 0.55 0.55 3.22 2.67 0.47 26.72 32.27 39.00 0.25 0.34

0.13 0.10 0.05 0.21 0.28 0.01 0.10 0.00 3.95 0.01 0.61 0.50 0.18 0.18 0.06 0.04 0.06 0.08 0.05 0.00 0.44 0.31 0.09 7.79 11.01 14.02 0.07 0.09

Telson Res * Telson Res Temas Res Temas Res* Tembo Gold* Tembo Gold Tempus Res Tempus Res* Teras Res Teras Res* Terrax Mnrls Terrax Mnrls* Terreno Res Tesoro Mnrls* Tesoro Mnrls Teuton Res* Teuton Res Texas Mineral* Themac Res* Themac Res Thesis Gold Theta Gold* Thor Expl* Thor Expl Thunder Mtn Gd* Thunderstruck Thunderstruck* Tiger Intl Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res Titan Mining* Titan Mining Titanium Corp TNR Gold Tocvan Venture TomaGold Tombill Mines Tombstone Expl* Tonogold Res* Torex Gold* Torex Gold Torq Resources* Torq Resources Tower Res* Tower Res Trailbreaker Trailbreaker* Trans Canada Trans Canada* Transatlantic Transition Met Transition Met* Treasury Metal* Treasury Metal Trecora Res* Tres-Or Res Tres-Or Res* Trevali Mining* Trevali Mining Trident Gold Trifecta Gold* Trifecta Gold Trillium Gold* Trillium Gold Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley Trinity Valley* TriStar Gold* TriStar Gold Triumph Gold* Triumph Gold Troilus Gold* Troilus Gold Troubadour Res Troy Res* TRU Precious* TRU Precious True North Gem True North Gem* Tsodilo Res Tudor Gold * Tudor Gold Turmalina Met Turmalina Met* Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tyhee Gold* Tymbal Res Typhoon Expl

Change

T 0.18 0.18 0.14 0.15 0.10 0.10 0.26 0.28 0.32 0.33 0.02 0.03 0.57 0.60 0.00 0.00 8.18 9.50 0.05 0.05 0.61 0.63 0.50 0.51 0.28 0.30 0.35 0.37 0.10 0.10 0.08 0.08 0.11 0.12 0.00 0.10 0.45 0.52 0.20 0.44 2.64 2.80 2.17 2.32 0.41 0.41 24.03 25.47 29.32 30.84 36.10 39.53 0.11 0.13 0.12 0.15

(100s)

12-month

High

unch unch + unch + + unch + unch + + unch + + + +

Week

Exc Volume O V C O O V V O V O V O V O V O V O O V V O O V O V O V V O O V V V O T V V C V V O O O T O V O V V O V O V V O O T N V O O T V O V O V T X O O V O O V O V O T V O O V V O V O V V O N T V O O V V

215 249 1096 918 104 326 109 42 135 63 328 322 54 10 16 90 300 1248 4 4 205 86 36 316 41 503 159 4 344 551 371 1945 18 6 22 171 109 235 675 531 922 4 1094 161 1323 107 126 15 474 23 3 2045 1 423 323 145 58 95 644 276 0 1747 11078 1 60 125 41 558 180 3395 63 9 53 0 175 267 341 529 123 992 644 52 97 1565 3 0 175 120 399 636 550 12173 2481 436 103 2265 1995 407

12-month

High

Low

Last

0.41 0.49 1.09 0.97 0.12 0.16 0.20 0.17 0.05 0.05 0.28 0.23 0.06 0.04 0.05 2.17 2.62 2.39 0.11 0.12 1.75 0.20 0.30 0.37 0.16 0.08 0.07 0.20 0.31 0.25 0.24 0.26 0.06 0.94 0.57 0.58 0.61 0.08 0.97 0.08 0.22 2.50 0.19 14.50 17.14 0.85 1.02 0.07 0.09 0.42 0.30 0.17 0.15 0.05 0.18 0.15 0.75 0.91 8.24 0.10 0.00 0.23 0.27 0.12 0.08 0.10 0.83 1.00 3.26 2.69 0.10 0.03 0.11 0.08 0.23 0.27 0.15 0.18 0.96 1.18 0.30 0.05 0.30 0.36 0.13 0.00 0.76 2.64 3.16 0.98 0.82 21.89 26.45 0.06 0.05 0.00 0.03 0.07

0.36 0.45 0.90 0.74 0.11 0.14 0.17 0.16 0.05 0.04 0.25 0.20 0.06 0.04 0.00 1.82 2.18 2.01 0.09 0.00 1.42 0.17 0.29 0.34 0.13 0.07 0.06 0.16 0.24 0.20 0.18 0.23 0.06 0.89 0.00 0.45 0.53 0.07 0.88 0.08 0.18 0.00 0.14 13.02 15.63 0.74 0.93 0.07 0.07 0.36 0.29 0.16 0.15 0.04 0.14 0.11 0.71 0.87 7.71 0.08 0.00 0.19 0.24 0.12 0.07 0.08 0.79 0.96 2.81 2.33 0.00 0.03 0.10 0.08 0.21 0.26 0.13 0.16 0.89 1.07 0.18 0.05 0.24 0.28 0.00 0.00 0.70 2.00 2.65 0.88 0.73 16.04 19.41 0.05 0.04 0.00 0.02 0.06

0.40 0.47 0.91 0.77 0.11 0.14 0.17 0.16 0.05 0.05 0.26 0.22 0.06 0.04 0.05 2.10 2.50 2.09 0.09 0.10 1.75 0.19 0.30 0.36 0.16 0.08 0.06 0.20 0.29 0.24 0.19 0.23 0.06 0.94 0.39 0.47 0.54 0.07 0.97 0.08 0.20 2.40 0.16 13.70 16.59 0.82 0.98 0.07 0.07 0.41 0.30 0.16 0.15 0.05 0.15 0.13 0.72 0.89 8.07 0.09 0.07 0.20 0.24 0.12 0.08 0.08 0.83 1.00 3.25 2.68 0.09 0.03 0.10 0.08 0.22 0.26 0.14 0.16 0.89 1.08 0.19 0.05 0.26 0.33 0.13 0.10 0.76 2.28 2.75 0.91 0.77 16.53 19.99 0.06 0.05 0.00 0.02 0.06

Change unch unch + + unch + + + + + + unch + unch + unch + unch + + + + unch unch + unch unch + + + + unch unch + + + unch unch unch unch unch + unch unch -

0.00 0.01 0.10 0.07 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.05 0.14 0.05 0.01 0.01 0.09 0.01 0.00 0.01 0.01 0.01 0.00 0.04 0.00 0.02 0.01 0.01 0.00 0.28 0.05 0.10 0.04 0.00 0.06 0.00 0.02 0.01 0.01 0.13 0.19 0.00 0.01 0.01 0.02 0.02 0.01 0.02 0.00 0.00 0.01 0.00 0.03 0.02 0.17 0.01 0.00 0.01 0.03 0.00 0.00 0.02 0.05 0.05 0.33 0.30 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.01 0.02 0.04 0.01 0.00 0.00 0.00 0.00 0.00 0.05 0.27 0.35 0.02 0.01 4.65 5.66 0.00 0.00 0.00 0.01 0.01

Stock

0.50 0.62 2.27 1.78 0.18 0.30 0.33 0.17 0.14 0.08 0.55 0.41 0.07 0.12 0.17 3.80 4.85 4.70 0.11 0.12 1.68 0.70 0.30 0.38 0.34 0.20 0.16 0.30 0.51 0.40 0.24 0.30 0.08 1.50 0.99 1.10 0.63 0.09 0.97 0.11 0.33 3.09 0.45 19.45 25.52 0.86 1.07 0.12 0.15 0.45 0.30 0.30 0.24 0.07 0.26 0.20 1.40 1.98 8.35 0.20 0.14 0.23 0.27 0.12 0.12 0.13 2.06 2.78 3.29 2.69 0.12 0.15 0.15 0.11 0.35 0.47 0.34 0.48 1.33 1.82 0.30 0.27 0.32 0.38 0.25 0.19 0.91 3.40 4.51 1.80 1.33 21.89 26.45 0.06 0.05 0.01 0.05 0.11

0.06 0.08 0.10 0.30 0.07 0.09 0.14 0.12 0.05 0.04 0.20 0.16 0.02 0.03 0.04 0.39 0.50 0.90 0.03 0.05 0.52 0.00 0.16 0.16 0.07 0.06 0.05 0.09 0.07 0.04 0.08 0.12 0.03 0.40 0.00 0.16 0.24 0.03 0.15 0.06 0.12 1.37 0.14 11.70 14.81 0.34 0.46 0.04 0.05 0.17 0.14 0.02 0.12 0.03 0.13 0.10 0.62 0.75 4.67 0.08 0.05 0.04 0.06 0.12 0.01 0.03 0.35 0.40 1.90 1.43 0.05 0.00 0.06 0.05 0.15 0.19 0.11 0.13 0.67 0.84 0.03 0.05 0.18 0.10 0.08 0.05 0.07 0.44 0.61 0.60 0.40 4.40 6.30 0.01 0.01 0.00 0.02 0.05

U-V U.S. Gold*

228

11.09

10.33 10.66

0.16

(100s)

High Low

17.40 4.60

Week

Exc Volume

High

Low

Last

U3O8 Corp U3O8 Corp* Ubique Mineral UC Res* Ucore Rare Mtl* Ucore Rare Mtl UEX Corp Ultra Resource* Ultra Resource Umbral Enrgy* Unigold* Unigold United Battery* United Battery United Res Hdg* United States A* United States S* Universal Cop* Universal Cop Universal Vent Ur-Energy Ur-Energy* Uragold Bay Rs Uranium Energy* Uranium Hunter* Uranium Res* Uranium Roylty* Uranium Roylty Uravan Mnrls Uravan Mnrls* UrbanGold Min USCorp* Usha Res Val-d’Or Mg Val-d’Or Mg* Vale* Valley High Mg* ValOre Metals* ValOre Metals Valorem Res Valterra Res* Valterra Res Vanadian Enrgy* Vanadian Enrgy Vanadium One* Vanadium One Vangold Res* Vangold Res Vanstar Mng Rs Vanstar Mng Rs* Vantex Res Vantex Res * Velocity Mnrls* Velocity Mnrls Vendetta Mng* Vendetta Mng Venerable Vent Venture Mnrls* Verde Potash Verde Res* Veris Gold* Vertical Expl* Vertical Expl Victoria Gold* Victoria Gold Victory Nickel Victory Nickel* Victory Res Victory Res* Virginia Enrgy Virginia Enrgy* Viscount Mng Visible Gold M* Visible Gold M Vision Lithium Vision Lithium* Visionary Gold Vista Gold Vista Gold* Viva Gold* Viva Gold Vizsla Silver Vizsla Silver* Volatus Cap Volcanic Gold* Volcanic Gold Voyageur Min Voyageur Min* Voyageur Min VR Resources* VR Resources Vulcan Mnrls* Vulcan Mnrls VVC Expl VVC Expl*

V 18 O 130 C 52 O 6388 O 471 V 249 T 3911 O 24 V 31 O 504 O 809 V 8782 O 1427 C 943 O 60 X 9789 N 185583 O 25 V 1126 V 1503 T 1306 X 17322 V 3465 X 28938 O 5440 X 7455 D 1207 V 1295 V 694 O 368 V 1175 O 1793 V 51 V 109 O 125 N 188566 O 8888 O 237 V 631 C 31863 O 314 V 840 O 112 V 132 O 100 V 1425 O 2235 V 2857 V 532 O 683 V 14 O 4 O 9 V 176 O 140 V 65 V 62 O 153 T 73 O 134 O 10 O 0 V 1337 O 264 T 1252 C 560 O 1322 C 540 O 640 V 279 O 144 V 307 O 132 V 187 V 5399 O 1982 V 474 T 148 X 1897 O 98 V 92 V 3175 O 792 C 200 O 56 V 128 C 20 O 41 V 534 O 442 V 332 O 122 V 1825 V 479 O 877

0.34 0.28 0.04 23.00 1.17 1.40 0.42 0.21 0.25 0.10 0.23 0.27 0.90 1.07 0.04 0.91 29.97 0.09 0.11 1.63 1.81 1.50 0.95 3.42 0.06 4.17 3.60 4.27 0.06 0.13 0.32 0.02 0.23 0.13 0.10 23.02 0.05 0.27 0.32 0.44 0.05 0.06 0.09 0.10 0.28 0.33 0.60 0.64 1.10 0.95 0.27 0.22 0.39 0.46 0.05 0.05 0.13 0.09 1.24 0.14 0.01 0.00 0.19 12.81 15.53 0.06 0.05 0.09 0.07 0.36 0.31 0.40 0.11 0.14 0.16 0.13 0.22 1.40 1.17 0.21 0.26 2.65 2.17 0.11 0.35 0.43 0.33 0.25 0.17 0.36 0.44 0.21 0.27 0.12 0.09

0.00 0.20 0.03 16.00 0.87 1.05 0.36 0.16 0.20 0.08 0.16 0.18 0.77 0.95 0.04 0.71 24.75 0.09 0.09 1.05 1.53 1.26 0.80 2.67 0.02 3.45 3.01 3.68 0.04 0.02 0.29 0.01 0.18 0.11 0.10 20.80 0.03 0.24 0.29 0.36 0.04 0.05 0.07 0.09 0.23 0.27 0.43 0.52 0.94 0.78 0.27 0.00 0.36 0.44 0.04 0.05 0.12 0.09 1.16 0.00 0.00 0.00 0.16 11.72 14.11 0.00 0.03 0.08 0.06 0.26 0.22 0.36 0.10 0.12 0.12 0.09 0.18 1.23 1.00 0.18 0.24 1.88 1.57 0.00 0.32 0.00 0.00 0.11 0.13 0.25 0.33 0.18 0.20 0.10 0.08

0.32 0.28 0.04 18.50 0.99 1.20 0.38 0.16 0.20 0.09 0.16 0.19 0.81 0.96 0.04 0.74 25.50 0.09 0.10 1.13 1.70 1.40 0.86 2.94 0.04 3.84 3.35 4.03 0.05 0.04 0.31 0.01 0.23 0.13 0.10 21.03 0.04 0.25 0.31 0.43 0.05 0.05 0.07 0.09 0.24 0.28 0.47 0.54 0.95 0.82 0.27 0.22 0.39 0.46 0.04 0.05 0.12 0.09 1.20 0.06 0.01 0.09 0.17 12.68 15.32 0.05 0.04 0.08 0.07 0.30 0.26 0.38 0.10 0.13 0.15 0.12 0.20 1.28 1.05 0.21 0.24 2.48 2.05 0.10 0.35 0.42 0.33 0.11 0.15 0.28 0.34 0.21 0.25 0.10 0.09

Walker Lane* Walker River* Walker River

O O V

12-month Change + + + unch + + unch unch unch + + unch unch unch unch + + + unch unch + + + + unch + + + unch unch unch + + -

0.01 0.01 0.01 2.53 0.03 0.05 0.02 0.04 0.05 0.00 0.05 0.08 0.05 0.09 0.01 0.13 2.35 0.01 0.00 0.44 0.00 0.00 0.08 0.40 0.00 0.27 0.17 0.22 0.02 0.02 0.02 0.00 0.02 0.00 0.00 1.05 0.01 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.02 0.03 0.00 0.03 0.15 0.08 0.00 0.01 0.02 0.01 0.00 0.01 0.01 0.00 0.05 0.00 0.00 0.00 0.00 0.87 0.95 0.01 0.00 0.01 0.00 0.05 0.03 0.01 0.00 0.01 0.01 0.01 0.02 0.12 0.09 0.01 0.00 0.35 0.30 0.01 0.03 0.00 0.00 0.01 0.00 0.02 0.02 0.04 0.04 0.01 0.01

0.08 unch 0.08 0.10 -

0.00 0.00 0.01

Stock

0.37 0.40 0.08 30.20 2.36 2.97 0.50 0.23 0.28 0.19 0.50 0.67 1.46 1.80 0.05 2.56 29.97 0.15 0.21 4.60 1.99 1.57 1.68 3.67 1.23 14.50 3.81 4.70 0.07 0.06 0.45 0.03 0.29 0.20 0.16 23.02 0.20 0.36 0.45 0.44 0.10 0.14 0.09 0.10 0.28 0.34 0.70 0.73 1.75 2.32 0.38 0.25 0.47 0.61 0.09 0.11 0.15 0.11 1.97 1.00 2.00 0.19 0.30 16.09 21.04 0.10 0.08 0.60 0.49 0.48 0.37 0.49 0.30 0.38 0.95 0.74 0.22 1.90 1.45 0.36 0.48 2.93 2.14 0.44 0.68 0.93 0.50 0.25 0.35 0.36 0.44 0.21 0.25 0.16 0.13

Wallbridge Mng* Wallbridge Mng Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls* Wealth Mnrls Wescan Gldflds Wescan Gldflds* Wesdome Gold Wesdome Gold* West High Yld West Mining* West Mining West Red Lake* West Red Lake West Vault Western Areas* Western Atlas Western Atlas* Western Copper* Western Copper Western Gold Western Mag* Western Mag Western Potash Western Res* Western Troy C Western U&V Western U&V* Westgold Res* Westhaven Gold Westhaven Gold* Westkam Gold* Westkam Gold Westminster Rs Westminster Rs* WestMountain* Wheaton Prec Wheaton Prec* White Energy* White Gold* White Gold White Metal R* White Metal Rs White Mtn Engy* Whitehaven Coa* Whitehorse GC Wildsky Res* Wildsky Res Winshear Gold Winshear Gold* Winston Gold Winston Gold* Winston Res Wolfden Res Wolfden Res* Wolfeye Res World Copper Worldwide Res X-Terra Res X-Terra Res* Xanadu Mines Xander Res Xander Res* Xemplar Egy* Xiana Mng Xiana Mng* Ximen Mining* Ximen Mining Xplore Res Xtierra Inc Xtra-Gold Res* Xtra-Gold Res Yamana Gold Yamana Gold* Yanzhou Coal* Yorbeau Res* Yorbeau Res Zacatecas Silv Zacatecas Silv* Zadar Ventures* ZEN Graphene* ZEN Graphene Zena Mining Zephyr Mnls* Zephyr Mnls Zimtu Capital Zinc One Res Zinc One Res * ZincX Res ZincX Res* Zonte Metals Zonte Metals*

0.07 0.02 0.03 0.15 0.64 0.70 0.12 0.02 0.03 0.00 0.14 0.18 0.08 0.12 0.02 0.22 6.58 0.06 0.05 1.24 0.55 0.42 0.08 0.82 0.01 1.34 0.70 0.98 0.02 0.01 0.14 0.00 0.13 0.09 0.07 7.86 0.00 0.16 0.21 0.06 0.04 0.05 0.02 0.03 0.04 0.06 0.05 0.08 0.66 0.52 0.16 0.03 0.29 0.37 0.02 0.04 0.06 0.01 0.40 0.00 0.00 0.01 0.02 7.36 10.30 0.02 0.01 0.05 0.02 0.06 0.04 0.30 0.05 0.08 0.02 0.01 0.02 1.05 0.72 0.16 0.22 0.40 0.29 0.01 0.25 0.21 0.19 0.03 0.04 0.13 0.22 0.03 0.04 0.02 0.01

W-Z 220 128 2170

0.08 0.11 0.12

0.08 0.08 0.09

(100s)

High Low

0.12 0.03 0.11 0.06 0.15 0.07

Exc Volume O T O V V O V V O T O V O C O C V O V O X T V O V T O V C O O V O O V V O O T N O O V O V O O V O V V O C O C V O V V V V O T V O O V O O V V V O T T N O O T V O O O V V O V V V O V O V O

689 2537 153 293 86 1500 1377 245 5 1241 220 69 256 2444 92 119 82 36 337 270 4434 1992 100 720 694 477 0 18 460 680 45 450 220 1 84 69 8 0 4499 11333 4 78 239 105 585 770 7 229 0 12 11 3 1454 2706 1917 161 137 638 3539 5 937 20 1436 638 4 2 25 5 17 124 17 147 83 115 8251 54155 210 30 1519 236 2 0 149 432 1 168 425 99 125 214 109 48 79 35

Week

12-month

High

Low

Last

Change

0.58 0.67 0.08 0.08 0.06 0.28 0.33 0.12 0.06 9.83 8.11 0.20 0.32 0.33 0.07 0.08 1.20 2.00 0.08 0.05 1.78 2.14 0.42 0.10 0.12 0.37 0.19 0.15 2.97 2.45 1.50 0.68 0.57 0.12 0.15 0.30 0.24 0.00 55.04 45.44 0.08 0.58 0.69 0.09 0.11 0.05 1.04 1.54 0.00 0.18 0.08 0.06 0.10 0.09 0.57 0.31 0.26 0.62 0.15 0.06 0.09 0.08 0.07 0.20 0.15 0.01 0.08 0.07 0.25 0.30 0.07 0.09 1.08 1.30 6.29 5.21 0.00 0.05 0.06 1.23 0.95 0.00 1.71 2.05 0.00 0.15 0.18 0.25 1.89 0.01 0.20 0.16 0.19 0.15

0.48 0.50 0.59 0.61 0.06 0.07 0.08 0.08 0.06 0.06 unch 0.22 0.27 + 0.28 0.33 + 0.00 0.10 + 0.06 0.06 unch 9.03 9.37 7.45 7.74 0.17 0.18 0.17 0.19 0.22 0.22 0.05 0.07 + 0.07 0.08 unch 1.18 1.20 + 0.00 1.81 0.07 0.08 + 0.05 0.05 unch 1.57 1.64 1.90 1.99 0.42 0.42 + 0.08 0.10 + 0.11 0.12 + 0.19 0.22 + 0.19 0.19 unch 0.00 0.15 unch 2.36 2.84 + 1.94 2.33 + 0.00 1.50 unch 0.64 0.65 + 0.53 0.55 + 0.11 0.11 0.14 0.15 + 0.27 0.29 unch 0.24 0.24 0.00 2.00 unch 51.92 54.77 + 42.83 45.20 + 0.00 0.08 + 0.52 0.53 0.63 0.64 0.08 0.09 + 0.00 0.09 0.04 0.05 + 0.00 1.04 + 1.33 1.52 + 0.00 0.14 unch 0.00 0.18 unch 0.00 0.08 unch 0.06 0.06 unch 0.09 0.10 + 0.07 0.08 0.44 0.47 0.29 0.30 0.22 0.24 0.51 0.53 0.13 0.13 0.00 0.06 + 0.08 0.08 0.00 0.08 unch 0.06 0.06 0.14 0.15 0.13 0.13 0.01 0.01 unch 0.08 0.08 unch 0.06 0.06 0.23 0.23 0.28 0.30 + 0.00 0.07 0.09 0.09 + 1.00 1.00 1.20 1.23 5.96 6.21 + 4.92 5.12 + 0.00 1.30 unch 0.04 0.05 + 0.05 0.06 unch 1.10 1.17 0.00 0.95 0.00 0.87 unch 1.57 1.65 1.93 2.01 0.00 0.16 unch 0.13 0.14 + 0.16 0.16 0.22 0.23 0.80 1.06 0.01 0.01 0.18 0.19 unch 0.15 0.15 0.18 0.18 0.15 0.15 unch

0.03 0.04 0.00 0.01 0.00 0.01 0.02 0.01 0.00 0.29 0.23 0.03 0.06 0.09 0.01 0.00 0.06 0.07 0.01 0.00 0.06 0.07 0.04 0.01 0.01 0.03 0.00 0.00 0.29 0.23 0.00 0.02 0.01 0.01 0.01 0.00 0.00 0.00 1.61 1.46 0.00 0.02 0.03 0.01 0.02 0.01 0.03 0.02 0.00 0.00 0.00 0.00 0.01 0.00 0.07 0.01 0.01 0.06 0.02 0.01 0.01 0.00 0.01 0.05 0.04 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.04 0.03 0.05 0.04 0.00 0.01 0.00 0.02 0.00 0.00 0.05 0.03 0.00 0.00 0.01 0.02 0.44 0.99 0.00 0.01 0.01 0.00

High Low 1.01 1.35 0.11 0.15 0.07 0.31 0.39 0.15 0.09 15.00 11.37 0.30 1.16 1.70 0.17 0.21 1.99 2.43 0.19 0.14 1.92 2.42 0.69 0.15 0.18 0.37 0.19 0.33 2.97 2.45 2.05 1.25 0.93 0.22 0.30 0.30 0.24 7.00 76.69 57.89 0.11 2.00 1.34 0.12 0.17 0.05 1.46 4.80 0.24 0.30 0.15 0.11 0.20 0.18 2.34 0.36 0.27 1.54 0.26 0.09 0.25 0.18 0.11 0.45 0.20 0.47 0.13 0.13 0.60 0.80 0.11 0.23 1.22 1.54 9.29 7.02 1.30 0.06 0.08 1.89 1.05 0.96 2.97 3.77 0.22 0.88 1.15 0.29 5.00 10.00 0.23 0.19 0.33 0.24

0.36 0.52 0.01 0.05 0.02 0.05 0.07 0.04 0.03 7.78 6.05 0.08 0.16 0.23 0.04 0.05 0.95 1.25 0.06 0.04 0.67 0.94 0.13 0.08 0.10 0.15 0.11 0.06 0.34 0.25 1.40 0.50 0.40 0.10 0.09 0.05 0.10 0.55 44.09 34.85 0.05 0.45 0.60 0.03 0.04 0.00 0.63 0.57 0.05 0.07 0.06 0.04 0.08 0.05 0.44 0.10 0.06 0.51 0.10 0.02 0.07 0.05 0.03 0.10 0.08 0.00 0.04 0.02 0.21 0.27 0.05 0.06 0.37 0.54 5.06 3.99 0.73 0.03 0.04 1.00 0.95 0.12 0.20 0.35 0.05 0.10 0.13 0.08 0.50 0.16 0.08 0.06 0.16 0.13

BID-ASK — MAY 10–14, 2021 12-MONTH STOCK

Aftermath Silv Alacer Gold Allied Copper Altan Rio Min AMV Capital Anglo-Bomarc Antler Hill Apex Res Arcturus Vent Arcus Dev Grp Atlanta Gold Aurelius Min Aurex Energy Aust Goldfield Austin Res Avarone Metals Aya Gold Banro Corp* Barker Min BE Res Bearclaw Cap Blackheath Res Boss Power Brunswick Res Buccaneer Gold Buffalo Coal Bullion Gold C2C Gold Cache Explor Cairo Res Camrova Res Casa Minerals Cassius Vents Centurion Mnls Cerro de Pasc Cerro Mng Cliffmont Res Cliffs Nat Res* Clydesdale Res Comet Inds Crystal Peak CWN M’g Acq Cyntar Venture Discovery-Corp Duro Metals Earl Res Electra Stone Eurotin Everton Res Evolution Glob Excalibur Res Exploits Disc Finore Mng Fire River Gol First Idaho Freedom Egy Galore Res GAR Limited

EXC

BID

ASK

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

0.24 9.41 0.42 0.13 0.12 0.08 ... 0.07 0.02 0.03 0.03 0.13 0.04 ... 0.09 ... 1.94 0.11 0.01 0.20 0.23 0.30 0.17 ... 0.06 0.02 0.06 ... 0.16 ... ... 0.16 0.07 ... ... 0.10 0.16 1.45 0.05 2.95 0.01 0.07 0.10 0.09 0.21 0.40 0.01 0.02 0.10 1.00 0.09 ... 0.12 0.36 0.10 0.02 0.02 ...

0.25 9.52 0.52 0.14 0.15 0.08 ... 0.11 0.03 0.03 0.04 0.14 0.06 ... 0.11 ... 2.19 0.11 0.01 0.37 0.30 0.30 0.20 0.05 0.09 0.03 0.15 ... 0.17 ... 0.07 0.19 0.14 0.04 ... 0.59 0.25 3.20 0.06 3.55 0.02 0.09 ... 0.12 0.48 0.65 0.02 0.02 0.10 4.00 0.10 ... 0.12 0.44 0.98 0.02 0.02 ...

12-MONTH

LAST

HIGH

LOW

STOCK

0.25 9.47 0.41 0.13 0.12 0.15 0.18 0.10 0.03 0.03 0.03 0.14 0.05 0.47 0.09 0.04 2.01 0.11 0.01 0.20 0.25 0.20 0.17 0.03 0.07 0.03 0.10 0.11 0.16 0.37 0.07 0.14 0.07 0.07 0.29 0.60 0.15 1.43 0.05 2.80 0.01 0.07 0.19 0.09 0.15 0.45 0.01 0.02 0.03 2.00 0.10 0.59 0.11 0.40 0.07 0.01 0.02 0.15

0.33 10.82 0.68 0.22 0.26

0.05 3.50 0.08 0.05 0.07

0.17 0.29 0.04 0.04 0.15 0.06 0.47 0.13 0.15 2.50 2.10

0.04 0.01 0.02 0.03 0.03 0.03 0.42 0.07 0.03 0.82 0.10

0.20 0.60 0.26

0.10 0.10 0.07

0.14 0.04 0.28 0.15 0.33 0.37

0.05 0.01 0.01 0.03 0.04 0.21

0.20 0.10

0.04 0.05

0.34 0.60 0.20 7.17 0.07 3.25 0.10 0.08 0.21 0.12 0.27 0.55

0.12 0.25 0.06 0.98 0.03 2.00 0.01 0.03 0.17 0.06 0.13 0.09

0.06

0.01

2.00 0.11 0.62

2.00 0.01 0.13

0.45 0.07

0.12 0.07

0.03 4.13

0.01 0.13

General Moly* Gentor Res Gespeg Res GFM Res Global Cop Grp Goldblock Cap Golden Cariboo Golden Harp Golden Indepen GoldHaven Res Great Lakes Gr Great Quest Fe Green Arrow Grosvenor Res GrowMax Res Hanna Capital HFX Holding Highbury Proj Highvista Gold Hornby Bay Mnl Indico Res Inspiration Mg Intact Gold Interconnect Intl Battery Iron South Mng Jazz Res Jubilee Gold K9 Gold Karam Min Karora Res Kenadyr Mining Knick Expl Kodiak Copper La Imperial Latin Metals Leo Res Lida Resources Lido Minerals Lightspeed Dis Lithium South Logan Res Madeira Mrnls MAG Silver* Martina Mnls Melior Res Midasco Cap MillenMin Vent Milner Con Slv Minecorp Egy Minsud Res Mongoose Mg Montana Gold Napier Vent Navis Res Corp Nebu Res New Klondike Nexco Res

EXC

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

BID

... 0.08 0.06 0.07 0.07 0.18 0.10 0.21 ... ... 0.05 0.02 0.02 0.16 0.01 0.09 0.07 0.22 ... 0.12 ... ... 0.07 0.08 ... 0.24 0.33 0.74 0.17 0.15 0.47 0.04 0.01 0.05 0.05 0.03 ... ... 0.22 0.13 0.31 0.30 ... 12.52 0.07 0.03 0.11 ... 0.09 ... 0.07 0.07 0.09 0.06 ... 0.04 0.01 0.24

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

... 0.11 0.06 0.13 0.08 0.35 0.12 0.30 ... ... 0.05 0.15 0.03 0.29 0.01 0.10 0.11 ... ... 0.12 0.01 ... 0.09 0.16 ... 0.27 0.38 0.98 0.24 0.20 0.48 0.04 0.01 0.06 0.10 0.04 ... ... 0.26 0.13 0.34 0.30 ... 13.30 0.17 0.06 0.16 ... 0.12 ... 0.08 ... 0.10 ... ... 0.04 0.01 0.29

0.11 0.08 0.06 0.07 0.08 0.32 0.10 0.22 0.38 0.42 0.04 0.10 0.02 0.17 0.09 0.09 0.07 0.23 0.17 0.06 0.01 0.03 0.09 0.10 0.31 0.24 0.33 0.82 0.24 0.15 0.48 0.04 0.01 0.05 0.06 0.03 1.09 0.24 0.26 0.11 0.31 0.30 0.03 12.52 0.07 0.08 0.11 0.05 0.09 0.12 0.07 0.12 0.10 0.07 0.30 0.04 0.01 0.28

100.00 0.08 0.12 0.15 0.11 0.32 0.15 0.44 0.40 0.45

0.10 0.03 0.05 0.07 0.04 0.13 0.02 0.15 0.05 0.06

0.04 0.20

0.02 0.12

0.16 0.35 0.30

0.03 0.02 0.23

0.11

0.06

0.12 0.11

0.04 0.07

0.28 0.38 0.90 0.28 0.30 0.73 0.08

0.04 0.14 0.43 0.16 0.11 0.20 0.03

0.13 0.09 0.16

0.04 0.05 0.02

0.27 0.30 0.35 0.66 0.37

0.13 0.17 0.08 0.24 0.06

14.40 0.18 0.08 0.15

6.12 0.05 0.02 0.07

0.20 0.20 0.10 0.22 0.10 0.10

0.04 0.07 0.05 0.05 0.02 0.06

0.40

0.06

Nrthn Lion O2Gold Optimum Vent Ord Mountain Oro X Mining Pac Arc Res Pac Bay Mnrls Paleo Resource Parallel Mng Pedro Res PPX Mining Primary Energy Prospero Silvr Quinto Res Rackla Metals Rare Element* Reliant Gold Remington Res Resolve Vent Rizal Res Rockex Mng Rockland Mnls Ross River Royal Gold Sage Gold Samco Gold Secova Mtls Sennen Potash Shine Minerals Sierra Madre D Silver Mtn Mns Sonora Gld & S Southern Arc Southstone Min Stans Energy Sylla Gold Thunder Mtn Gd Transatlantic Trench Metals Tri-River Vent Trident Gold TriMetals Mng Vale* ValOre Metals Vanadiumcorp Vatic Vent Waraba Gold Waseco Res Whitemud Res Winshear Gold Xiana Mng Zadar Ventures Zara Res Zena Mining Zinco Mng Zincore Mtls

EXC

BID

ASK

LAST

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

0.40 0.23 0.35 0.05 0.70 0.10 0.13 0.02 0.13 0.12 0.04 ... 0.55 0.05 0.34 0.11 ... 0.22 0.07 0.01 0.03 0.07 ... 0.33 0.01 0.01 0.05 0.01 0.12 ... 0.31 0.09 0.32 0.01 0.01 0.16 0.10 0.04 0.55 ... 0.12 0.11 ... 0.06 0.10 0.05 0.21 0.05 0.01 0.12 0.07 0.50 ... 0.15 0.05 0.01

0.49 0.27 0.40 0.05 0.70 0.15 0.15 0.03 0.40 0.18 0.05 ... 1.18 0.05 0.44 0.16 0.10 0.36 0.08 0.02 0.05 0.08 0.22 0.40 0.01 ... 0.06 1.10 0.14 375.00 0.31 0.09 0.90 0.01 0.01 0.18 ... 0.05 0.55 ... 0.17 0.12 ... 0.07 0.10 ... 0.24 0.06 0.02 0.14 0.08 0.50 ... 0.18 0.07 0.05

0.46 0.23 0.35 0.20 0.69 0.16 0.13 0.03 0.15 0.13 0.04 0.17 0.56 0.08 0.41 0.15 0.02 0.25 0.07 0.02 0.03 0.08 0.26 0.40 0.02 0.05 0.05 0.45 0.12 0.11 0.31 0.09 0.89 0.01 0.01 0.18 0.12 0.05 0.55 0.04 0.12 0.12 10.24 0.07 0.09 0.10 0.21 0.06 0.02 0.14 0.08 0.30 0.07 0.16 0.05 0.05

HIGH

LOW

0.69 0.37 0.53 0.25 0.90

0.19 0.06 0.22 0.10 0.27

0.19 0.04 0.19 0.19 0.10 0.82 1.35 0.08 0.50 0.89

0.07 0.01 0.12 0.09 0.04 0.16 0.51 0.03 0.13 0.06

0.37 0.13

0.07 0.05

0.09 0.11

0.02 0.01

0.60

0.22

0.25 0.20 0.53 0.10 0.93 0.04

0.08 0.08 0.20 0.02 0.24 0.01

0.18 0.29 0.07 0.22

0.08 0.09 0.03 0.04

0.12 0.12 11.10 0.13 0.13

0.12 0.03 6.57 0.07 0.04

0.70 0.07 0.03 0.15 0.13 0.35 0.22 0.22

0.10 0.02 0.01 0.05 0.04 0.25 0.07 0.05

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