The Northern Miner November 23 2020 Issue 24

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Endeavour Mining to buy Teranga Gold, creating top 10 gold miner M&A Anthony Vaccaro (left), publisher of The Northern Miner Group, speaking with David Rosenberg, president, chief economist and strategist at Rosenberg Research & Associates, as part of the November Global Mining Symposium. TNM

Economist David Rosenberg says ‘mad, mad world’ driving gold bull market GMS 2020

| It’s hard for many investors to chart a clear path forward

BY TRISH SAYWELL

D

tsaywell@northernminer.com

avid Rosenberg, chief economist and strategist at Rosenberg Research & Associates, has spent a lifetime analyzing trends and identifying future shifts in the global economy and financial markets.

But even the celebrated economist is a little confounded by the scale and

nature of the current global economic crisis and acknowledges it’s hard for many investors to chart a clear path forward.

“In a world where Greek bonds trade at a discount to treasuries, in a world when central banks are buying junk bonds, I don’t even know how you can even talk about an appropriate asset mix,” he said during an hour-long conversation with Anthony

“EVERYBODY TALKS ABOUT GOLD AS A HEDGE AGAINST INFLATION BUT IT’S EQUALLY A HEDGE AGAINST DEFLATION.” DAVID ROSENBERG CHIEF ECONOMIST AND STRATEGIST AT ROSENBERG RESEARCH & ASSOCIATES

Vaccaro, group publisher of The Northern Miner, at the November Global Mining Symposium.

One thing is certain, however. In a world where the supply of global fiat money is growing at a 20-25% annual rate and the production of gold globally is going up at a 1% annual rate, he said, the precious metal is going into a secular bull market and investors must own it.

“Gold is a ballast in the portfolio. It’s a source of stability and it’s an insurance policy against things going wrong, because when things go wrong, central banks tend to print more money, and your gold is tangible, your gold is real.”

According to Rosenberg, “we’re in a world where central banks have taken over,” and whether it’s U.S. Federal Reserve Chairman Jay Powell or Christine Lagarde, president of the European Central Bank, or any other central banker for that matter, they are “operating a casino,” he said.

They are like “the black jack dealers handing out the chips for free.”

Rosenberg shakes his head in disbeSee GMS 2020 / 6

| All-share deal worth $2.44 billion

BY CECILIA JAMASMIE AND TRISH SAYWELL

C

anada’s Endeavour Mining (TSX: EDV), already West Africa’s top gold producer, has agreed to buy Teranga Gold (TSX: TGZ) in an all-share deal worth $2.44 billion (US$1.86 billion), which would create a top 10 gold producer.

The Toronto-based miner is offering 0.470 of its own shares for each Teranga share, a 5.1% premium to Teranga’s closing price on Nov. 13.

Endeavour shareholders will end up with 66% of the combined entity, with Teranga shareholders holding the remaining 34%. Teranga will get three seats on the board to Endeavour’s seven.

La Mancha, the vehicle which Egyptian billionaire Naguib Sawiris holds his stake in Endeavour, will invest a further $200 million into the combined miner, leaving it with a 19% stake.

Endeavour’s acquisition of Teranga adds another operating asset — Wahgnion — to its four existing mines in Burkina Faso. It also gives it exposure to Senegal through the Massawa project, which Teranga bought from Barrick Gold (TSX:ABX; NYSE:GOLD) last year.

A successful deal would consolidate Endeavour’s growth, which completed in July the acquisition of smaller rival Semafo, bringing together six mines with strong cash flows into one portfolio.

The company’s had previously tried to buy Egypt-focused Centamin (TSX:CEE; LSE: CEY), but talks failed to deliver a deal.

The combined miner, which aims to list in London next year, will produce about 1.5 million ounces of gold a year from six core operating mines in three countries — Senegal, Burkina Faso and Côte d’Ivoire.

It would also be amongst the most valuable precious metals companies currently listed on the London Stock Exchange. These include Russian duo Polyus (LSE: PLZL) and Polymetal International (LSE: POLY), Mexicofocused Fresnillo (LSE: FRES) and Canadian Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY).

The deal is expected to close in the first quarter of 2021.

Sebastien De Montessus, Endeav-

CHINA’S GANGFENG BOOSTS ITS STAKE IN BACANORA / 5

our’s CEO, and Teranga CEO Richard Young, hosted a joint webcast to discuss the rationale for the business combination.

“We are, with Richard, incredibly excited about this transaction, as it makes sense on so many levels, and offers a strong opportunity for rerating for both sets of shareholders,” De Montessus said on the call. “We believe that this transaction follows the successful M&A trend we are currently seeing across the industry.

There are many examples where good companies not necessarily needing to do M&A, have come together and have immediately created value for their shareholders. We believe this transaction will do the same.”

“First, and of utmost importance, this combination has a very compelling industrial logic,” Endeavour’s CEO continued. “It combines two high quality West African asset portfolios at a time when both companies have recently completed investment phases and are now generating healthy See M&A / 6 PM40069240

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Global Natural resources entrepreneur Serafino acono shares ‘know how’ and ‘know who’ GMS 2020

| Insights about Latin America and beyond

BY DANIEL SEKULICH

F

dsekulich@northernminer.com

or Serafino Iacono, executive chairman of Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF), mining has been a passion that has driven his business career back to the early 1980s. In a broadranging discussion as part of the November Global Mining Symposium conference, Iacono spoke with Trish Saywell, editor-in-chief of Th Northern Miner, from Colombia.

Though he’s called Colombia home since 2004, Iacono was born in Italy. After his family moved to America, he spent his teenage years in New York, then studied business at NYU and finally embarked on a career in the mining industry as a 22-year-old, working in Honduras for American Pacific Mining. Those early years instilled in Iacono an affinity for the business of mining, and a love for Latin America.

Iacono’s interests in Colombia over the years have included oil, natural gas, pipelines, ports, electricity distribution, coal, industrial minerals, as well as gold and silver. As Saywell reminded the audience watching from across the globe, Iacono and his partners and investors have been directly or indirectly responsible for about US$7 billion worth of investments into the Colombian

“IF YOU GO INTO A COUNTRY, IF YOU’RE GOING TO BE DEVELOPING A BUSINESS, YOU DON’T WANT TO BE A VISITOR.” SERAFINO IACONO, EXECUTIVE CHAIRMAN, GRAN COLOMBIA GOLD

economy over the course of the last fourteen years.

When asked about which of the ventures in Latin America he’s most proud of, Iacono began by listing a couple of the projects in Venezuela.

“Some of the mines that we built in Venezuela we’re very proud of,” he said. “Loma de Niquel is a mine that became one of the largest laterite nickel producers in Latin America, and I was with it from the beginning, until we sold it to Anglo American.

Another [is] Choco 10. One of the great moments, when we started hitting a second cycle of gold.” Iacono eventually sold Choco 10 to Gold Fields (NYSE: GFI).

After several years working and learning from the likes of mine financier Frank Giustra and Brian Hinchcliffe, he decided the time

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Serafino Iacono, Executive Chairman of Gran Colombia Gold. GRAN COLOMBIA GOLD

was right to strike out on his own.

It was 1989, and gold was trading at US$200 an ounce.

“My God, I was just 29-years-old, [but] it was time for me to move on,” Iacono recalled. “I started seeing an opportunity in the gold sector.

There was a discovery of three million ounces of gold [in Venezuela].

In those days, three million ounces of gold was huge. So, we went in and started staking ground in the surrounding area. After a few months, this area became the hottest area for all the junior mining companies.”

With the help of his friend Giustra, Iacono forged an alliance with Robert Friedland, brought in Ian Telfer as chief executive, and Venezuela Gold Fields was created.

The 1990s were a heady time for Iacono as he became involved with a number of mining companies. But as the new millennium began, he realized the need to leave Venezuela before the government of thenpresident Hugo Chavez nationalized mining operations (which eventually occurred at the end of 2007). He still owns a gold asset in Venezuela that contains roughly six million ounces of gold called Lo Increible 6, a project on which he and his associates had invested US$35 million and that he hopes to get back one day.

“We have an expression in South America: Nothing lasts forever and nobody can resist that long,” he told the audience.

This led to a period in Iacono’s career that saw him steadily expand his interests. He became involved in a gold mining project in his native Italy, on the island of Sardinia. He dabbled in the dot.com world, with Wave Telecommunications, a company developing an early version of cloud storage. And he acquired a small company called Gran Colombia Resources.

Since then, that company has evolved into Gran Colombia Gold, the largest underground gold and silver producer in Colombia. Saywell told the symposium viewers that four years ago it was trading at 75¢ a share, while today its stock is worth over $6.00. With over US$110 million cash in the bank, and trading at just two times EBITDA, she asked Iacono what the company’s goals are for the future.

“Gran Colombia is a fantastic vehicle with multi-dimensional projects,” Iacono replied. “One of the most important is the Segovia See GMS 2020 / 7

David Elliott about to go underground at the Barkerville Gold Mines site in British Columbia. The asset is now owned by Osisko. DAVID ELLIOTT

Haywood’s David Elliott on the state of the mining industry and the need for more exploration funding FINANCING

| Strong science helps to better manage exploration risk

BY TRISH SAYWELL

I

tsaywell@northernminer.com

n an interview as part of the Northern Miner’s November Global Mining Symposium, David Elliott, a founding partner at Haywood Securities and new inductee into the Canadian Mining Hall of Fame, spoke candidly about his career and how he and his partners built Haywood from a small firm of fiftee employees into a leading merchant bank with 313 employees and about $10 billion of assets under management.

Haywood Securities would go on to back over 400 exploration companies in the junior mining space and spawn a long list of success stories to show for it, including Alamos Gold, Bema Group, CGA Mining, Globetrotter Resources, Midas Gold, Ventana Gold, Reservoir Minerals, Fiore Gold, EMX Royalties and Transition Metals.

Elliott, who generally prefers to stay out of the limelight, spoke for an hour with Anthony Vaccaro, publisher of the Northern Miner Group, about how he and his partners David Shepherd, John Tognetti, and Rob Blanchard, acquired Haywood in 1986 from George Bealy, who stayed on as a shareholder.

“John called me one day and asked me if I wanted to start a small brokerage and I said yes,” Elliott told Vaccaro. “I said, ‘What about Haywood?’ He was working as a trader at the time at Haywood and David and I had previously opened a company and gone through the regulatory process and knew how much work that was … So I said, ‘let’s talk to Haywood, they are already registered, it might be a small firm

but it’s a place to start.’”

Elliott said the vision starting out was to build a strong retail base of clients and institutional clients as well as a good research department. “They didn’t have a reputation in mining,” he said. “They were a small firm ... and it was more of a service company ... it wasn’t a firm that generated ideas or did banking or finance and so we had to really build it up from the start.”

In the early days Elliott and his partners first concentrated on filling the retail base, and then set up a formal institutional desk in 1998 – much of that business initially coming from their contacts on the London circuit and funds across Europe. “We were one of the first people bringing in some of that capital into Canada,” Elliott said. “The funds we were talking to, anyway, wanted to invest in early stage, high-return, high-risk, so they would take a very small percentage of their capital and do that, so a lot of it was in exploration.”

Meanwhile, the team had started building its research capability. “The banks in the 1990s were closing down a lot of their research teams, and so a lot of good analysts became available.”

Determining which companies to invest in ultimately depends on the people and the science, he said.

“To me, it always boils down to people, and I’ve always focused on backing intelligent science so I always wanted to partner with geoscientists that have strong technical skills, who spent a lot of time in the field, mapping, have worked in different geological environments See FINANCING / 8

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 23—DECEMBER 6, 2020

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‘Money is now being made in the sector once again’: Rob McEwen on investment strategies GOLD

| Believes a new gold bull market is in the makings

BY TRISH SAYWELL

T

tsaywell@northernminer.com

he Northern Miner’s November Global Mining Symposium featured an interview with Canadian mining entrepreneur Rob McEwen, chief owner and chairman of McEwen Mining (TSX: MUX; NYSE: MUX).

The legendary investor, perhaps best known for transforming Goldcorp into a global powerhouse and revitalizing the Red Lake gold mine in Ontario, shared his philosophy on everything from how to pick the right companies in which to invest to how unprecedented government spending around the world is creating the next bull market for gold.

“I am convinced that the price of gold is going much higher, and owning gold bullion is the safest way for me to protect my capital and the best way to make large capital gains is investing in distressed and overlooked explorers and turnaround situations,” he told Anthony Vaccaro, the Northern Miner’s publisher, during the online conference.

McEwen pointed to Goldcorp as an example of a turnaround story and one of the biggest wins of his career. “Goldcorp’s Red Lake mine became the company’s most profitable asset; however, at the time I bought it, it was considered a distressed asset,” he said.

His attraction to the Red Lake mine was based on three key things, he explained, all of which made it appear undervalued. First was its location next to the world’s richest and most profitable gold mines; second, was its exploration potential because it had not been aggressively explored for 15 years; and third, the company that owned it was out of favour, he noted.

“The Red Lake mine became a fabulous asset because we spent heavily on exploration and refocused management’s attention on cost per ounce,” he said. “We found a rich deposit – and it’s important to understand – where the experts said it wouldn’t be. We stopped production for 46 months while continuing to explore and investing in efficient new facilities. And when we restarted the mine, annual production went from 50,000 ounces a year to 500,000 ounces a year, and the cost of production went from US$360 per ounce to US$60 per ounce.”

“Goldcorp was a great turnaround story and exploration story, but it’s important to understand that it took time: 19 years,” he added. “I was the largest private individual investor and during my last 13 years as CEO, Goldcorp shareholders enjoyed a compound annual growth rate of 31% in their shares. And when I left Goldcorp, the market’s interest in exploration stories was low, which I consider prime time for looking for buying opportunities.”

McEwen then described the checklist he uses when first investigating a company and whether he should put his money behind it. First, he looks at how much the company’s insiders paid for their stock, “because very often it can be quite low,” and looks at CEO compensation. He then compares the company’s performance relative to the sector to see if it is outperforming or underperforming, examines its exploration results to see if there is room to grow with

Aerial view of McEwen Mining’s Black Fox gold complex near Timmins, Ont. MCEWEN MINING

“THE BEST WAY TO MAKE LARGE CAPITAL GAINS IS INVESTING IN DISTRESSED AND OVERLOOKED EXPLORERS AND TURNAROUND SITUATIONS.” ROB MCEWEN CHAIRMAN AND CHIEF OWNER, MCEWEN MINING.

them; and investigates whether the company has more than one opportunity to score.

McEwen then turned to the performance of McEwen Mining, whose assets include the Black Fox complex in Timmins, Ont.; the Gold Bar mine in Nevada; the El Gallo mine and Fenix project in Mexico; and the San Jose mine and the Los Azules project in Argentina.

McEwen noted that the company “is currently a distressed situation” but said he believes the turnaround is in progress and “offers significant upside potential.”

“The company has underper-

formed the sector because management didn’t deliver on guidance.

We had a couple of non-recurring events. We had a large resource write-down in Q2 of this year, and constrained financials. But we have four mines and a pipeline of development projects through the Americas, so we have multiple opportunities to score.”

Turning to the exploration potential at the company’s Black Fox and Stock assets in Timmins, McEwen said the results have been significant.

“The historic mining around our Black Fox properties and Stock properties in Timmins are quite shallow

relative to the mines in the district, suggesting there is good exploration potential at depth and some of our drilling has confirmed that,” he said.

“The bulk of our exploration effort in Timmins has been concentrated on trying to identify near-surface resources that we can bring into production quickly. The exploration results have been impressive, but it’s been overshadowed and gone largely unnoticed because of the operating issues.”

McEwen said the steps to turn the company around have included See GOLD / 7

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W

e can agree that silver is useful. It was one of the first five metals used by humans (the others being gold, copper, lead and iron), and readers in North America will be familiar with silver’s monetary and industrial applications.

The latter are shaped by silver being the most reflective metal, and it having the highest electrical conductivity of any element and the greatest thermal conductivity of any metal.

Across the pond, we Europeans have treasured silver for millennia, boosted perhaps by the protection it offers against vampires, witches and (in particular) werewolves. Being handy against the undead, 18th century Central Europeans hammered silver nails into coffins, just in cas Europeans and silver go even further back. Themetal was first mined in Anatolia (modern-day Turkey) in 3000 B.C.E., and the centre of silver mining globally had moved to Spain by 1000 C.E. Thereis evidence of silver mining in Britain before the Norman invasion of 1066, and extraction became extensive here over the next 400 years.

Indeed, the British currency, sterling, is derived from a Norman silver coin minted in the 11th century. ‘Ster’ is an English word from the Middle Ages meaning strong, which described a coin that remained a consistent weight of 22.5 grains over a 200-year period.

European love of the shiny metal escalated after our New World landings in 1492. TheSpanish, in particular, mined the metal enthusiastically, with an estimated 85% of the silver produced worldwide between 1500 and 1800 coming from Bolivia, Peru and Mexico.

There was still silver being mined in Europe, and the Thalersilver coin was in circulation in Europe from the 15th to 19th centuries using metal mined in Bohemia. The name was derived from the German for valley, and is believed to have evolved into

2016-12-11

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

Special to The Northern Miner

2016-10-11

T

he Northern Miner’s Global Mining Symposium virtual conference held in mid-November – the second one this year – was yet another resounding success, with almost 1500 viewers tuning in from 84 countries around the world to hear the views of some of the industry’s leading visionaries

BY TRISH SAYWELL and entrepreneurs. From Haywood Securities tsaywell@northernminer.com co-founder and Canadian Mining Hall of Fame inductee David Elliott to Rob McEwen of McEwen Mining and Serafino Iacono of Gran Colombia Gold, the two-day conference offered unparalleled insight into the current state of the global economy and how it is impacting metals and mining.

One of the most widely anticipated sessions was the discussion Northern Miner group publisher Anthony Vaccaro had with David Rosenberg, president, and chief economist and strategist of Rosenberg Research & Associates, an economic consulting fi m he set up in January 2020. Between 2002 and 2009, while chief North American economist at Merrill Lynch in New York, the University of Toronto educated economist was consistently ranked in the Institutional Investor AllStar analyst rankings, and prior to setting up Rosenberg Research, he was chief economist and strategist at Gluskin Sheff + Associates from 2009 until 2019. The Financial Post Magazine has ranked Rosenberg one of the five most influential Canadians in investing, while Business Insider has named him one of the twelve smartest people on Wall Street and Canadian Business Magazine described him as one of Canada’s 25 most powerful business people.

In addition to his views on how governments and central banks have responded to the current economic crisis with unprecedented measures (that make the financial crisis of 2008 and 2009 seem like “QE light”), and how this is positive for gold (see story on page 1), Rosenberg talked about his takeaways from the U.S. presidential election and his views on China and the outlook for base metals. (You can listen to the full conversation on The Northern Miner’s website) On U.S. President Donald Trump’s defeat by rival Joseph R. Biden Jr., Rosenberg said what was interesting was not that Trump lost, but that he received as many votes as he did: a resounding 72 million. “To me, the big headline on the election wasn’t that Trump lost, although he’s fighting it hard, it’s how did we not have a democratic landslide,” he told Vaccaro. “All we heard about was the Blue Wave. We didn’t get a Blue Wave.” He also pointed to the decrease in the Democrat’s majority in the House. “It looks like it could be at least ten seats and that hardly ever happens with a president being elected from the same party, so there is a real message here that the country seems to want to go center-center-right.” In essence, he concluded, “this was a vote against tax increases.”

Turning to China and its handling of the coronavirus, Rosenberg pointed out that the country was the first to come out of the pandemic and it remains the world’s fastest-growing economy. “It’s the irony of ironies that the epicenter of the pandemic was China and they are the first ones out of it. Of course, they beat the pandemic. They didn’t need a vaccine, they just basically needed a totalitarian state and say: “You leave your house, you’re dead!”

But it’s more than that. Chinese policy makers “never blew their brains out on fiscal policy to get their economy going and they never blew their brains out on monetary policy to keep their economy moving. Theyjust basically shut down their economy and then we saw what happened.” Rosenberg forecast China’s economic growth is going to be at least 6% to 7%, while the U.S. will struggle with growth of 1-2%, or perhaps even lower, and the Asian juggernaut’s economic strength means that the bull market for base metals “probably remains intact.”

“The base metals, in general, are correlated mostly to the Chinese economy, and so I would say the base metals have had a very nice run,” he said. “The link between Chinese GDP and commodities is incredible ... It’s not difficul for me to have a constructive stance towards the base metals sector when I have the view that they are the primary source of demand globally, considering that China consumes half of the world’s metals.”

He also pointed out that one of the things to remember about China is that it has enjoyed tremendous labour productivity growth – the fastest in the world – which puts it in good shape. “As we were engaging in financial engineering the past ten years in North America to goose earnings per share, China was ramping up their productivity, and it’s paying off right now on an accelerating supply-side growth.”

Looking ahead, Rosenberg said the U.S., and the rest of the Western world for that matter, will have to deal with China’s rising power and influence. “I hate to say it, but this was going to be a big problem for whoever the president was going to be – China’s accelerating ascendancy – as far as capturing more and more share of global GDP. It is something that we’ve got to keep an eye on.” TNM

the name for numerous currencies, including the dollar.

Silver (like iron) doesn’t work against ghosts, but the grey metal (silver’s symbol comes from the Latin for grey, argentum) surely doesn’t deserve its historic low rating against gold. This disparity has widened in recent years, with the yellow metal trading at a multiple of over 70 times the silver price.

As noted by New York-based CPM Group earlier this year, silver normally outperforms gold during a gold bull market. CPM attributes this to silver’s significantly smaller, and less liquid, market. Also, because silver has numerous industrial uses, economic distress hurts silver fabrication demand more than for gold.

Thesilver price bounced along in a range between US$14 and US$18 per oz. from October 2016 until February this year. Gold had an almost linear rising price ratio against silver during this period, and the gold-silver (Au-Ag) multiple jumped to 126 in March 2020, when the silver price slumped to US$12 per ounce.

The price of silver has recovered strongly since April, reaching over US$28 per oz. at the beginning of September, with both precious metals benefitting from dollar weakness Silver prices have plateaued over the past two months, with industrial demand for the metal recovering more slowly than production. Despite the silver-price correction, gold underperformed its precious-metal cousin in September and October, and the Au-Ag multiple is back to around 78 (which is still well above the 66 recorded in July 2016).

Despite the valuation disparity between the two precious metals, silver is only 19 times more abundant than gold in the crust (75 parts per billion, compared with 4 parts per billion), and barely nine times as much has been mined (an estimated historic total of 1.7 million tonnes against 200,000 tonnes of gold). Most of this mined precious metal is still with us, and above-ground stocks amount

BY DR. CHRIS HINDE

2016-08-11

| GMS conference underlines bull market for gold and base metals

2016-06-11

EDITORIAL

Europeans have treasured the grey metal for millennia

2016-04-11

www.northernminer.com

China emerges early from pandemic

2016-02-11

GLOBAL MINING NEWS · SINCE 1915

THE VIEW FROM ENGLAND

2015-12-11

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COMPANY INDEX Agnico Eagle Mines. . . . . . . . . . . . . . . . . . . 7 Anglo American . . . . . . . . . . . . . . . . . . . . . 2 Bacanora Lithium . . . . . . . . . . . . . . . . . . . . 5 Barrick Gold. . . . . . . . . . . . . . . . . . . . . . . . . 1 Bluejay Mining. . . . . . . . . . . . . . . . . . . . . . . 5 Bunker Hill Mining. . . . . . . . . . . . . . . . 11,12 Caldas Gold. . . . . . . . . . . . . . . . . . . . . . . . . 8 Centamin. . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Crown Mining. . . . . . . . . . . . . . . . . . . . . . 12 Endeavour Mining. . . . . . . . . . . . . . . . . . . . 1 Energy Fuels. . . . . . . . . . . . . . . . . . . . . . . . 10 Excelsior Mining. . . . . . . . . . . . . . . . . . . . . 9 Fiore Gold . . . . . . . . . . . . . . . . . . . . . . . . . 12 Fresnillo. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 GMV Minerals. . . . . . . . . . . . . . . . . . . . . 9,15 Gold Fields. . . . . . . . . . . . . . . . . . . . . . . . . . 2 Gold Standard Ventures . . . . . . . . . . . . . . 13 Gold X Mining. . . . . . . . . . . . . . . . . . . . . . . 7

Gran Colombia Gold. . . . . . . . . . . . . . . 2,7,8 Kerr Mines. . . . . . . . . . . . . . . . . . . . . . . . 9,10 Mako Mining. . . . . . . . . . . . . . . . . . . . . . . . 9 Maverix Metals . . . . . . . . . . . . . . . . . . . . . 14 McEwen Mining . . . . . . . . . . . . . . . . . . . . 3,7 Nevada Copper . . . . . . . . . . . . . . . . 10,13,14 Polymetal International. . . . . . . . . . . . . . . . 1 Polyus. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Revival Gold. . . . . . . . . . . . . . . . . . . . . . . . 14 Rio Tinto . . . . . . . . . . . . . . . . . . . . . . . . . 5,16 Roxgold. . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Silver One Resources. . . . . . . . . . . . . . . . . 14 SSR Mining. . . . . . . . . . . . . . . . . . . . . . . . . 14 Teranga Gold. . . . . . . . . . . . . . . . . . . . . . . . 1 West Vault Mining. . . . . . . . . . . . . . . . . 14,15 Western Atlas Resources. . . . . . . . . . . . . . . 7 Wheaton Precious Metals. . . . . . . . . . . . . . 8 Yamana Gold. . . . . . . . . . . . . . . . . . . . . . . . 1

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 23—DECEMBER 6, 2020

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Rio Tinto, Bluejay sign JV on nickel project in Finland FINANCING

| Deal could result in US$20 million investment

BY CECILIA JAMASMIE

E

MINING.COM

xplorer and developer Bluejay Mining (LSE: JAY) has inked a joint venture and earn-in agreement with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) to advance the Enonkoski nickel project, in Finland.

The deal could see Rio progressively earn up to a 75% interest in the project by injecting US$20 million into it either by covering expenses or paying cash equivalent amounts, over three stages.

In the first phase, the world’s second-largest miner could secure a 51% ownership by spending US$5 million

by November 2023. Of that total, Rio would have to spend US$400,000 by the end of March next year.

The company could then increase its ownership to 65% by spending a further US$5 million by November 2025.

In stage three, Rio’s stake in Enonkoski would jump to 75% if it invests another US$10 million by November 2029.

After that, each party would have to fund its respective 75% or 25% share of project expenditure or be diluted.

“We look forward to a successful partnership as we jointly assess the Enonkoski nickel belt,” Bluejay’s CEO Rod McIllree said in a statement.

“This belt has demonstrable nickel occurrences and past production, and it’s a testament to the project that we have attracted a blue-chip miner at Enonkoski.”

A recent report by IDTechEx stated that as the demand for nickel from electric vehicle batteries is expected to increase tenfold by 2030 compared to 2019, concerns about the environmentally-conscious supply of the metal are also on the rise.

Tesla boss Elon Musk is trying to mitigate that impact in nickel mining by offering a “giant contract for a long period of time” to any company able to extract it in an efficient, environmentally sustainable manner.

Shares in Bluejay jumped 20% to 12 pence on the London stock exchange after the announcement, leaving the company with a market capitalization of almost £102 million.

The company’s wholly owned subsidiary, FinnAust Mining Finland Oy, is currently one of the largest licence holders in east Finland. It owns a range of brownfield exploration licences surrounding historical

Bluejay Mining’s flagship asset, the Dundas ilmenite project in Greenland. BLUEJAY MINING

“IT’S A TESTAMENT TO THE PROJECT THAT WE HAVE ATTRACTED A BLUECHIP MINER AT ENONKOSKI.” ROD MCILLREE CEO, BLUEJAY MINING

mines, including the Hammaslahti copper mine, the Outokumpu copper mines and the Enonkoski nickel belt, which hosts the Enonkoski project.

The past-producing Enonkoski mine churned out 6.7 million tonnes at an average grade of 0.8% nickel between 1984 and 1994.

The two companies are not strangers to one another. For about a year, they have been working together on the Dundas ilmenite project in Greenland. The goal is to review and potentially improve the technical work Bluejay had completed to date on its fully-owned asset.

Miners have become increasingly interested in Greenland as thawing sea ice attributed to climate change, opens up shipping routes and exposes mineral riches. The phenomenon, however, has the country’s population divided, with some worried about the loss of tradition, while others embrace development.

Changing weather patterns have been critical to making the project viable, McIllree said last year, as 25 years ago the location would only

have been accessible to ships and for only two or three months a year.

Greenland, an autonomous region in the Kingdom of Denmark, is the

world’s largest island. The U.S. has operated an airbase on the northwest coast of the island since 1943.

The region makes its own decisions

regarding investments in mineral resource activities, including the granting of licenses. The region recently issued more exploration and mining licenses in a bid to diversify its economy.

The U.S. government has stepped up efforts to ensure the supply of critical minerals from outside China.

As part of those initiatives, it recently signed a memorandum of understanding with Greenland to conduct a hyper-spectral survey to map the country’s geology.

Washington has also gained the support of Australia, which has committed to facilitate potential joint ventures to improve rare earth processing capacity and reduce reliance on Chinese rare earths.

The mineral agencies of both countries signed a research agreement last year to quantify their reserves of critical minerals. TNM — This article first appeared in MINING.com, part of Glacier Resource Innovation Group

China’s Gangfeng boosts stake in Bacanora’s Sonora lithium project INVESTMENT

| Production at Mexican mine expected to begin in 2023

BY CECILIA JAMASMIE

S

MINING.COM

hares in lithium explorer and developer Bacanora Lithium (LSE: BCN) surged after it announced its Chinese partner had more than doubled its stake in the company’s Sonora project in Mexico.

Cornerstone investor Gangfeng Lithium, China’s largest producer of the battery metal, will invest £21.8 million (US$29 million) to increase its holding in Bacanora’s flagship project from 22.5% to 50%.

Bacanora said the investment was a “huge milestone” in the development of Sonora, which should start producing in 2023.

The Chinese lithium producer, which has major supply agreements with batteries and electric vehicle makers, including Elon Musk’s Tesla, said it believed Sonora was a key project.

“We have been working with Bacanora on the exciting Sonora lithium project for over two years and are delighted to be increasing our investment in what we believe to be a world-class lithium project,” Gangfeng’s

deputy chairman, Wang Xiaoshen, said in a news release.

Bacanora’s funding requirement for an initial 17,500 tonne-per-year operation amounts to about US$420 million. The Chinese firm committed to contribute a total of US$100 million in project-level spend.

Besides Gangfeng’s investment, Bacanora has also secured a US$150 million debt facility with RK Mine Finance.

Bacanora said it was on track to begin site work at Sonora in the first half of 2021, subject to the completion of financing. Activities planned for this year have been delayed by Covid-19, but the company said the overall project timeline may not be affected by the hold ups.

The Sonora mine is expected to produce 35,000 tonnes of lithium per year at full tilt.

Ganfeng has interests in mines in Australia, Argentina and Canada, and about 70,000 tonnes of lithium carbonate equivalent of annual conversion capacity in China. TNM — This article first appeared in MINING.com, part of Glacier Resource Innovation Group

WWW.NORTHERNMINER.COM

NOVEMBER 23—DECEMBER 6, 2020 / THE NORTHERN MINER

and possibly as many as five. “If I’m wrong on inflation, it’s not because we’re going to have a demand boom,” he continued. “I’m worried about supply constraints.”

Looking ahead to a future after Covid-19 and what the ‘new normal’ will look like, Rosenberg sees investors gravitating towards companies catering to healthcare needs; consumer staples; internet and telecom service providers; internet infrastructure and cloud computing – anything that is digital or has an online presence – like Amazon and even Netflix, to some extent. “These tech companies have been re-rated as utilities,” he explains, and cater to the new normal of work-

GMS 2020 From 1

lief. “The two-year Greek bond yield is negative six basis points, negative six! And their ten-year yield is trading fifteen basis points below where 10-year treasuries are. ... That’s a junk bond. So we live in a world of capital markets where a junk bond credit trades at a discount to the most liquid and safest security on the planet, which are U.S. treasuries.”

“Greece is just an extreme example,” he continued. “It’s a bond trading with a negative yield. But we have over US$17 trillion in funds globally, that’s with a ‘T’. You’re talking like about a third of the global bond market trades with a negative yield, so how do you do your valuations when you’re doing your dividend discount model or you’re doing your cap rate model for real estate?

You’re trying to discount flows. Well in a negative rate world they just go to infinity.”

“What I try and do is bring common sense and fundamentals to the analysis. But I think that the central banks in some ways have really destroyed any semblance of risk versus reward in an organic sense.”

During the last financial crisis of 2008-2009, the central bank bought Triple A treasuries and Triple A mortgages, he pointed out, but look at what it has done this time. “Powell bought CMBS. They bought corporate bonds, investment grade, but the big kicker was high yield.”

“Obviously when you’re coming in and buying high yield bonds to generate risk appetite in the hope that that’s going to resuscitate the economy ... you’re pretty desperate.”

Five percent is high yield today, he went on. “High yield has become an oxymoron.”

“Portfolio managers are buying 5% bonds. There’s not a snowball’s chance in hell that that compensates you for default risk today or default risk down the road.”

The economist also noted that he had been worried for quite a while about the next recession – well before the coronavirus pandemic whipped around the globe – because he felt the Fed and other central banks were

ing and spending more time at home.

What comes back the latest and the least is going to be office real estate, he predicted. “I think that’s going to be an overhang for a very long time.”

Rosenberg also believes that the trend is going to be focused on the parts of the economy and the market that cater to higher savings rates.

“When I talk about a fundamental shift in behaviour, we went into the pandemic with over half of households not having enough savings, or liquidity or cash on hand to get through three months of idled economic activity,” he said. “So how people approach saving and spending is going to change.” TNM

David Rosenberg, chief economist and strategist at Rosenberg Research & Associates, speaking as part of The Northern Miner’s November Global Mining Symposium. TNM

out of conventional policy bullets.

Rosenberg also noted that the snapback in the third quarter was essentially all fiscal policy.

“That was all the government basically giving you money to stay alive or to spend ... the gargantuan rebound in the third quarter was basically government transfers. That wasn’t monetary policy. What monetary policy gave you was a huge bull market in everything except maybe cash.”

Even after a vaccine is available and the world manages to “get to the other side of the mountain,” Rosenberg argued, the central banks “are going to remain super accommodative for a long period of time” because “there will still be a lot of permanent damage to the economy that will have to be restored.”

That premise, he said, tells him another thing, which is that real interest rates are going to stay negative for some time to come, which will be an ongoing source of support for gold, because gold “has an almost perfectly inverse correlation with negative interest rates.”

Despite that, he said, people continue to ask him whether they should sell their gold with the risk-on-trade coming back and news of a potential

vaccine. “I said what? No, I actually think you should be buying in at a better entry point.”

“It’s very interesting that when it comes to the equity market, every single dip is to be bought. Every dip.

In fact, when it was down 30% you had people saying ... ‘you gotta buy’.

God forbid gold falls 3% and I have people saying to me, should I get out of my gold position?”

Rosenberg also noted that whether there’s inflation or deflation, both scenarios are good for gold.

“Look, if we get inflation, gold is going to rip because of its classic store of value characteristics,” he said. But it will also do well in a setting of deflation, which the economist expects to continue for some time.

“Everybody talks about gold as a hedge against inflation but it’s equally a hedge against deflation, because deflation in a period of these massive public and private debts globally increases the real cost of servicing that debt and creates fiscal instability and it forces central banks to become even more aggressive. People don’t see that gold is a hedge against deflation. It is, and so are bonds.”

In his view, deflation is going to last for at least several more years

INVESTMENT WEBINAR SERIES

Haul trucks at one of Endeavour’s Côte d’Ivoire operations in West Africa. ENDEAVOUR MINING

for Teranga shareholders is a more diversified production base...a stronger balance sheet, an attractive dividend and the scale and liquidity required to attract generalist investors.”

Mining analyst Raj Ray of BMO Capital Markets was positive on the transaction. “We like the strategic rationale for the combination with respect to asset quality, diversification and potential synergies in West Africa, larger production profile and potentially improved share liquidity,” he wrote in a research note following the announcement. “The combined entity will also be targeting a second listing on the London Stock Exchange.”

Craig Stanley, who covers Teranga at Raymond James, does not believe a competing bid is likely. “First, Tablo Corp. and Barrick, Teranga’s largest shareholders who together control 33%, are supportive,” he wrote in a research note. “Second, only a handful of producers are big enough to offer a higher bid and would involve these companies increasing their exposure to West Africa. Third, Endeavour is the most sensible acquirer given the synergies and West African experience.” TNM

M&A From 1

cash flows. As such the future looks bright for both companies, and even brighter together. Secondly, as a result of this combination, we will create a new top ten senior gold producer with very strong attributes. Production will be diversified across several flagship mines and across three countries, and we will also have an industry-leading growth pipeline and arguably the largest and highest quality exploration portfolio in West Africa.”

De Montessus noted that while both companies have strong re-rating potential on a stand-alone basis, both management teams envision an even larger upside through the combination to accelerate re-ratings for both sets of shareholders. The combined company, he added, “will have among the most attractive trading multiples compared to its senior gold peer group,” and a re-rating “will be supported by an enhanced capital market profile.”

Teranga’s Young added that the merger creates”a best in class senior gold producer” that will have “among the lowest all-in sustaining costs of any senior gold company” as well as the “best growth profile.” “What’s new

— This article first appeared in MINING.com, part of Glacier Resource Innovation Group.

SILVER PRICE (US$/oz) 30.0 28.0 26.0 24.0 22.0 20.0 18.0 16.0 14.0 12.0

Join us for a live 30 minute conversation with KORE Mining’s Scott Trebilcock as he discusses: • The next wave of investment in junior gold companies • Why BC and California are the right places for gold • How KORE has uniquely positioned itself to outperform in 2021 REGISTER NOW AT

https://investors.northernminer.com/

COMMENTARY From 4

to over 180,000 tonnes of gold and perhaps 1.6 million tonnes of silver (the latter figure according to Voima Gold Oy, a Helsinki-based investment company).

We are adding to this available metal at an annual rate of around 3,300 tonnes (106 million oz.) of gold and 27,100 tonnes (870 million oz.) of silver, barely eight times the gold output. The valuation of last year’s gold production was US$149 billion (at an average price of US$1,404 per oz. in 2019), with only US$14 billion of silver (at US$16.30 per ounce).

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Moderated by: Anthony Vaccaro Chief Publisher The Northern Miner Group

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6

Both precious metals are doing well against a backdrop of loose monetary policy, geopolitical and pandemic risks, and the low interest rate environment. Investor sentiment towards gold and silver is positive, and the mid-term outlook for both seem bullish. Nevertheless, the grey metal surely deserves a higher comparative price; gold might be hoarded but silver is used. 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 201 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 23—DECEMBER 6, 2020

GOLD From 3

attracting new and experienced senior management at the head office and at the mines sites, as well as improving operating margins by increasing production, reducing costs and extending mine life.

On the financing front, McEwen noted the company has refinanced its debt and extended maturity by two years out to 2023, to relieve liquidity concerns.

In addition, the company will “demonstrate a number of deliverables” in this quarter, he said, including exploration news, a feasibility study on a ten-year mine life in Mexico, resource updates and a preliminary economic assessment (PEA) on all of its Timmins properties. Management sees the opportunity to build annual production by up to 100,000 to 150,000 oz. in Timmins, and corporately up to around 300,000 oz. by the end of 2025.

“The objective of these steps is to close the price gap,” he said. “Historically we have outperformed the GDXJ ETF, but in the last 12 to 18 months, we have significantly underperformed the sector and are now trading at a discount. It’s this gap that I believe we are well-positioned to close, and affect this turnaround, and as we close this gap, it presents a very large potential gain.”

During a question and answer session, McEwen expanded on some of his thinking on exploration stories, Argentina, copper, and the gold market. He pointed out that in his experience, “when you get into a bull market, exploration stories can really run.” In some cases, he added, in as short a time as eight weeks, and “you can get ten times or twenty times on those moves.”

Asked about the situation in Argentina, McEwen noted that the country “has the unfortunate experience of almost every ten years it seems to go into a period of high inflation,” and are in the midst of

GMS 2020 From 2

project. We are the largest producer right now in the country, with close to 250,000 ounces of gold this year.”

He said that the company has one of the most important concessions in Colombia. What makes it unique is that Gran Colombia has title and ownership of what is called a ‘king’s right’. They are the owners of the land, which currently comprises over 35 sq. km, and they own the mineral rights (they pay a royalty to the government of Colombia).

“It is one of the oldest mines in Colombia. It is the number three, on grade, richest mine in the world.

We produce an average of 17 grams

Gold pour at McEwen’s El Gallo mine in Sinaloa, Mexico. MCEWEN MINING

that right now. “They are desperate for foreign investments, it’s a mineral-rich country, and they just haven’t got their mining laws together. They are inconsistent,” he said. “But I think we’re approaching a time where they are going to be more inviting and provide some safeguards to investments for foreign investors there.”

McEwen noted that the company’s Los Azules project in Argentina contains a large copper deposit, with indicated and inferred resources totalling 30 billion lb. copper and also has some gold and silver. To

put it into perspective for gold and silver investors and convert the copper and silver into a gold-equivalent, Los Azules has about 19 million oz. gold-equivalent in the indicated category and another 37 million oz. gold in the inferred.

“We did a PEA on it using a US$3 per lb. copper price, and the economics on it are really robust. It envisions 415 million lb. of copper a year at US$1.14 per lb. copper.

Copper right now is about US$3.14 per lb., so if I were to convert that again to a gold-equivalent, when you include the gold and silver credits,

that would be about 800,000 oz. a year at US$800 an ounce.”

McEwen added that the large capex of $2.4 billion, at US$3 per lb. copper, could be paid back in under four years and run for 36 years. While he admitted that the size of the asset and capex is beyond McEwen’s balance sheet, the company continues to move it along and make it more attractive and is considering a variety of ways to advance the project.

“We’re currently thinking of spinning it out, and putting it with a copper project that we have in Nevada and create a separate company where

of gold. And it’s been producing between 11 and 17 grams for the past 150 years. It hasn’t stopped. More than six million ounces of gold have been produced in the past. And the last million ounces we have produced since we took the mine in 2011.”

The next plans for the company are to grow its profile and, more importantly, to increase gold production.

“Our goal in Segovia is, within the next four years, to take production to 400,000 ounces.”

Gran Colombia has also spun out its Marmato gold project in Colombia to Caldas Gold (TSXV: CGC), in which it now holds majority control.

And it is taking stakes in companies

with interesting gold projects, like Gold X Mining’s (TSXV: GLDX; US-OTC: GLDXF) Toraparu deposit in Guyana, one of the largest gold projects owned by a junior mining company in South America. (Friedland joined the company in June as chairman.) It also owns a stake in Western Atlas Resources (TSXV: WA), whose Meadowbank gold project in Nunavut is near Agnico Eagle Mines’ (TX: AEM; NYSE: AEM) Meadowbank and Amaruq mines.

Saywell mentioned that many people are envious of the contacts that Iacono has created over the course of almost four decades in the mining and natural resource industry, which include past and current

presidents, high-ranking politicians (Gran Colombia has Hernan Martinez, a former Minister of Mines, on its board of directors), and leading business executives. And he offered a piece of advice based on his own success: “The ‘know who’ is just as important as the ‘know how’.”

Iacono also shared what he first learned almost 40 years ago when he landed in Honduras.

“If you go into a country, if you’re going to be developing a business, you don’t want to be a visitor,” Iacono said. “You want to know everyday living, the politics, the good, the bad and the ugly. You want to be a resident, and that’s what we do.” TNM

7

we retain a large interest, to have the value reflected on our balance sheet and fund that to push it forward to a feasibility study.”

“I think it’s an overlooked asset in our portfolio mix,” he continued, adding that “a lot of investors like to have companies invested in gold and silver or in copper, but not have all of that in one company, especially in a smaller company.”

McEwen also addressed the specific operating issues the company has experienced this year. “There was not one, there were multiple issues,” he said in response to a question from the audience. “It was almost Biblical in proportion.” These included a fire at Black Fox in January that halted revenue for seven weeks.

That was followed by a heavy spring run-off and half the mine flooded, resulting in no revenue for another three months from that part of the mine. Management was poor at giving guidance, he added. Argentina imposed a tax, and Gold Bar was slow to start up. The company also had to do a couple of financings and all of those factors weighed on the share price. He pointed out, however, that some of the issues were nonrecurring and the new management team, some of whom he has worked with before, is quite capable, “and their focus is on operating margins and delivering guidance, so a turnaround is coming.”

The interview concluded with McEwen’s thoughts on the pandemic, the future of gold and how the current market compares with previous bull markets.

“I believe a new gold bull market is in the makings,” he said. “Investor interest is growing, as they are seeing money is now being made in the sector once again.”

He pointed out that the gold market is going to be stronger than what we’ve seen in the past for several reasons. First, the debt loads around the world have expanded dramatically. “The monetary expansion is explosive, and, in some cases, nearing exponential rates of increase, and with Covid, we’ve seen governments around the world use that as a reason to become more fiscally irresponsible in an attempt to protect everybody.”

Normally, he continued, you see that happening on a national or regional scale, but, in this case, it’s happening globally, and this is the first time we’ve ever seen that type of expansion. In addition, you have zero and even negative interest rates.

“There are a lot of dislocations that have occurred and people are saying: ‘Oh, it’s behind us.’ It’s not behind us and history tells you a very clear lesson that you should be going into gold.”

In terms of operating margins, “as long as the Canadian dollar stays where it is, we’ll be able to contain our costs. But heaven help us if the costs go back to par with the U.S. dollar. We won’t be profitable.” TNM

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WWW.NORTHERNMINER.COM

NOVEMBER 23—DECEMBER 6, 2020 / THE NORTHERN MINER

Caldas Gold posts record intercept at Marmato in Colombia | Company closes precious metals stream with Wheaton

C

BY NORTHERN MINER STAFF

aldas Gold (TSXV: CGC; US-OTC: ALLXF) reported high-grade assays from its Marmato asset in Colombia, including a record 5.73 grams gold per tonne and 5.2 grams silver per tonne over 63 metres from 356 metres downhole. The intercept in drill hole MT-IU-076 was part of a broader 386-metre intersection of 2.34 grams gold and 3.5 grams silver starting from 312 metres in the New Zone, which remains open to the southeast and at depth.

The drill program, which kicked off in May with three diamond drill rigs operating from underground drill stations in the existing Marmato mine, also extended the Main Zone along strike by more than 300 metres, where it remains open.

So far, the company has completed about 30% (9,400 metres) of its 20202021 drill program, which will consist of 60 holes (31,000 metres). Of that, 20,400 metres are conventional drilling in 40 holes, and 10,600 metres are directional drilling in two other holes and 18 kick-off holes.

Drilling in the New Zone, the company said, confirms the extension of the high-grade mineralization to below the 600-metre level, which is the bottom of the indicated mineral resource used in the prefeasibility study. The New Zone extends for more than 400 metres along strike and 200 metres vertically.

Highlights released this month from the drill program include hole

FINANCING From 2

and have a passion for discoveries,” he said. “A good geoscientist will find good projects. They’ll be in the right geological environment that hosts projects of scale.”

By having strong science, Elliott added, you are able to better manage exploration risk.

Another way of managing risk, he said, was using other people’s money (like a bigger mining company) on some of the exploration.

“But you still need to have the science to generate the ideas, acquire the land positions, because you want to acquire them by staking, not third parties, because you lose a lot of leverage that way. And then you want to work them up so there is a level of scale ... and create a competitive environment with larger companies, to have them come in as a partner.”

Turning to the current climate, Elliott noted that the industry isn’t seeing much M&A activity.

“A lot of the companies that were active in the M&A space in the last cycle, [have] just finished cleaning up their balance sheets and licking their wounds,” he said. “We’ve seen a couple, like Barrick and Randgold, and Newmont, but we’re not seeing a lot ...”

If a company can raise equity capital right now and make sure salaries are paid, it might not be as motivated to look to merge their company, he said. What’s more, valuations are going up and down. “They are all over the place, and, in that environment, it’s hard to have a lot of M&A activity. Will it come? I think there will be some. But there has been such a lack of exploration funding over the last ten years and new discoveries, that there are not a lot of good projects

Staff at Caldas Gold’s Marmato project in Colombia. CALDAS GOLD

MT-IU-073, which returned 343 metres of 2.83 grams gold and 1.5 grams silver starting from 340 metres, including 34 metres of 5.10 grams gold and 2.7 grams silver; 61 metres of 4.59 grams gold and 2.1 grams silver; and 39 metres of 3.74 grams gold and 1.4 grams silver.

“Our sense of excitement continues to build as the New Zone

out there.”

As an example, he noted that Haywood has a company in production in Nevada that has “looked at a lot of stuff over the last few years, [and] we haven’t found anything that interests us for the size we are. I think that’s a problem.” He also pointed to recycled projects out there that haven’t worked two or three times already.

And even if you see something today that you’re interested in, you have to do the due diligence, do a site visit, look at core, and that’s difficult to do during a pandemic and travel restrictions, he added.

Elliott attributed the lack of exploration in recent years to several factors, including a lack of capital. “Pennies have been thrown at some things over the last few years that needed billions of dollars,” he said, adding that the easy, near-surface deposits have already been found.

“The opportunity now is covered deposits that are maybe deeper ... and sizeable deposits are harder to find when they are covered like that.”

Despite the difficulties, however, Elliott is hopeful more deposits will be found.

“I still think there are exploration possibilities. You just have to have the right science with the capital to try to find these deposits, and it has to be on a steady five-year plan or number of years. ... It’s got to be a steady flow of capital that allows good science to find the deposits, but I do think they will be found.”

At the same time, Elliott acknowledged that while there are jurisdictions that are geologically endowed, the question is whether they are countries where mining companies can get a social licence to operate and permit a mine. “The world is shrinking where you want to put your investment dol-

continues to deliver robust gold grades over significant lengths that start to demonstrate continuity and a developing high-grade zone similar to the adjacent Main Zone,” Serafino Iacono, Caldas Gold’s executive chairman and CEO, said in a statement. “In addition, the 300 metres of strike extension for the Main Zone provides us with another zone ready

for infill drilling to continue to grow the underground mining expansion at Marmato.”

In early November, Caldas Gold closed a precious metals stream with Wheaton Precious Metals (TSX: WPM; NYSE: WPM; LSE: WPM) on Marmato. Under the deal, Wheaton will purchase 6.5% of the gold production and 100% of the

David Elliott (r) with his son Patrick on a site visit to the Elida copper project in Peru. DAVID ELLIOTT

lars,” he said. “North America, Canada is a good place. I think Australia has the geology and you can build a mine. There are a few places in South America that can deliver. Colombia is an interesting geological setting where you have these deep-seated intersection zones that can create sizeable deposits. Peru.”

As for ESG, mining companies – especially Canadian ones – are doing a lot better, he said. Generally, companies are “trying to do a better job in those areas,” he said. “There is always room for improvement, but I think there is a dedicated shift with companies in our sector that are trying to do the right thing.” TNM

silver production until 190,000 oz. gold and 2.15 million oz. silver have been delivered. After that, the stream drops to 3.25% of gold production and 50% of the silver production for the life of mine. Wheaton will pay a total of US$110 million in cash, US$38 million of which is payable within six months, and the remainder will be paid during construction.

The precious metals stream covers the Upper mine and the Marmato Deeps Zone (MDZ) development.

A prefeasibility study released in July confirmed the economic viability of expanding the underground mining operation at Marmato, according to Caldas Gold. The PFS estimates a life-of-mine production schedule of 19.7 million tonnes of mineralized material that would be processed over a 14-year mine life, resulting in total production from the existing Upper mine and the expansion of the second operation into the Marmato Deep Zone, of 1.9 million oz. gold and 1.6 million oz. silver.

Initial capital required between 2020 and 2023 for the expansion into the Marmato Deep Zone is estimated to run to US$269.4 million. The company has also updated its plan for the Upper mine to incorporate an expansion from 1,200 tonnes per day to 1,500 tonnes per day. The Marmato mine is expected to produce 23,000-26,000 oz. gold in 2020.

Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) spun off the Marmato mining assets in February and owns about 54% of Caldas Gold, according to the company. TNM

www.northernminer.com

COLOMBIA

SPECIAL FOCUS ON

SOUTHWEST US

GMV Minerals advances Mexican Hat project in Arizona ARIZONA

Kerr Mines strikes financing eal with Star Royalties STREAMING

| Production of Copperstone gold mine to resume by Q4 2021

| Company plans to conduct two drill programs in 2021

BY TRISH SAYWELL

K

The so-called ‘Mexican hat’ feature that gives GMV Minerals’ Mexican Hat gold project in southeastern Arizona its name. GMV MINERALS

BY CARL A. WILLIAMS

G

cwilliams@northernminer.com

MV Minerals (TSXV: GMV; US-OTC: GMVMF) has released results of an updated preliminary economic assessment for its wholly owned Mexican Hat gold project in southeastern Arizona, 116 km from Tucson.

The PEA outlined an open-pit heap-leach mine with a mine life of 10 years, producing a total of 525,000 oz. gold at average all-in sustaining costs (AISCs) of US$1,136 per ounce.

Initial capex was pegged at US$67.85 million, and the payback period is expected to take under three years. The early-stage study estimated an after-tax net present value of US$100 million, at a 5% discount rate, with an after-tax internal rate of return of 29.3%, at a base case gold price of US$1,600 per ounce.

The PEA was based on an inferred resource estimate of 36.73 million tonnes grading 0.58 gram gold per tonne for 688,000 contained oz. gold.

“The updated study not only increased the mine life and greatly reduced initial capex but also led to a significantly improved strip ratio from 2.8 to 1.87,” Ian Klassen, the company’s CEO, said in an interview.

“The PEA results are not bad for a junior that has spent only $5 million on this asset. We’ve been able to demonstrate that we’ve spent our shareholder’s money wisely and will continue to do so.”

Klassen and his team believe significant expansion potential exists along strike and down dip on the principal controlling structure outside of the resource area, and plan to conduct an infill drill program next year and release an updated resource estimate, as well as do metallurgical testwork in an effort to optimize and improve heap leach gold recoveries.

A trade-off study will follow to determine whether GMV should mine the project on its own or use contract miners. Other work programs planned include geotechnical drilling and analysis to optimize the pit slope design, continued baseline water sampling, and updating hydrological, cultural, and environmental studies for permitting purposes.

Mexican Hat is located close to several mines, including Mako Mining’s (TSXV: MKO; US-OTC: MAKOF) Commonwealth gold and silver mine, 10 km to the south, and Excelsior Mining’s (TSX: MIN; US-OTC; EXMGF) Gunnison copper mine, 30 km to the northwest.

The property lies within the southeastern portion of the Basin and Range Province, which encompasses much of Nevada, southeast California, southern Arizona, and parts of New Mexico.

Klassen noted that the project has gone through sporadic ownership over the years. Placer Dome Inc. conducted the bulk of exploration activities between 1989 and 1992, including 137 reverse circulation drill holes and 17 diamond core drill holes totalling 18,939 metres.

“The project was discovered in the 1980s by a local prospector called Manuel Hernandez, who sadly passed away last year,” Klassen said. “We’d known about the property for some time and around 2014 Auracal Resources, the operator of the property, defaulted on their lease agreement with the Hernandez family.”

In 2014, GMV acquired a 100% interest in the property and in the fall of that year, conducted a five-week mapping and sampling program to confirm and expand upon work completed by past owners, which included Placer Dome. The program demonstrated economically significant gold values distributed within multiple mineralised zones within an

area 640 metres long and 525 metres wide, according to GMV. After completing its first resource on the project in 2015, the company undertook column leach testing on bulk samples that had been collected from two trenches, and testwork yielded gold recoveries of 96.6% and 91.6%. Two bottle roll tests on each sample returned gold recoveries of 95% and 77.1%.

“The metallurgical work confirmed earlier testing by Placer Dome and supported our view that the project had the potential for a low-cost, openpit heap leach operation,” David Webb, a consultant geologist to GMV and acting project manager, said in See ARIZONA / 15

tsaywell@northernminer.com

err Mines (TSX: KER; USOTC: KERMF) will finance the restart of production from its Copperstone gold mine in Arizona with the help of a US$18 million streaming deal with Star Royalties.

Production is targeted to begin in the fourth quarter of 2021 from the fully permitted mine, which Kerr Mines acquired in 2014 through an all-share acquisition of American Bonanza.

Copperstone, situated in western Arizona’s LaPaz County and within the Walker Lane belt, about a two and a half hour drive from Phoenix, previously produced about 500,000 oz. gold from an open pit operation.

The Copperstone zone is the underground extension of the same ore body that was historically mined from the Cypress pit in the 1980s at about 3 grams gold per tonne. Previous operators also mined underground for about 14 months but encountered challenges because they didn’t do enough development and delineation drilling while also not having appropriate ore controls in place, according to Giulio Bonifacio, Kerr Mines’ CEO. “If you looked at the project historically and what’s been spent by predecessor companies and Kerr Mines, you’re looking at sunk costs of greater than US$110 million, and that creates the opportunity that will allow for a restart within a relatively short period of time,” Bonifacio said in an interview, noting the project already had a 600-tonne-per-day mill, a tailings facility, 4,300 metres of underground development and site facilities when Kerr acquired it.

“It’s also in the American southwest

“THERE JUST AREN’T THAT MANY PROJECTS IN THE U.S. THAT CAN BE BROUGHT INTO PRODUCTION IN A RELATIVELY SHORT PERIOD OF TIME.” GIULIO BONIFACIO CEO, KERR MINES

and fully permitted and infrastructure is already in place, which is simply not easy to replicate.”

Under the stream agreement, Kerr Mines will receive the first US$6 million installment on closing, with the second tranche of US$6 million issued in February 2021 and the final US$6 million payable before April 2021.

Star Royalties will purchase refined gold equal to 9.9% of gold produced until it receives 21,000 ounces, then 3.3% of gold produced until it receives a cumulative 27,200 ounces. Star will then receive 1.2% of the gold produced over the remaining life of mine. On top of the US$18 million, Star will provide a cash payment to Kerr for each ounce of gold delivered equal to 25% of the average London Bullion Market Association spot price.

“The reality is Star Royalties stepped in and did extensive due diligence,” and have been “very reasonable in the way the financing was structured,” said Bonifacio. “If you’re an existing shareholder this is a non-dilutive transaction, which See STREAMING / 10

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10

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NOVEMBER 23—DECEMBER 6, 2020 / THE NORTHERN MINER

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Energy Fuels’ White Mesa uranium mill in southeastern Utah. ENERGY FUELS

Energy Fuels produces REE concentrate at White Mesa UTAH

BY CARL A. WILLIAMS

E

cwilliams@northernminer.com

nergy Fuels (TSX: EFR; NYSE: UUUU) has produced the first rare earth element (REE) carbonate concentrate on a pilot-scale at its wholly-owned White Mesa mill in southeastern Utah, 508 km southeast of Salt Lake City.

According to the company, it is the first REE concentrate produced from monazite sands in any significant quantity in North America in over 20 years. (Monazite is a naturally occurring mineral containing REEs and radioactive elements such as

STREAMING From 9

is extremely beneficial. That’s clearly one of the benefits of this form of financing.”

What’s more, said Bonifacio, Kerr Mines has gained “a financial partner,” in the process, and “our success is their success.”

The current mine life stands at four and a half years at a gold price of US$1,250 per oz., but the company believes its drill program will increase the mine life to about eight years and plans to update the resource estimate based on results from its 2019 and 2020 work programs.

Kerr Mines estimates that the resource continues down dip from the historic pit into the Copperstone and Footwall zones, where measured and indicated resources currently stand at 276,100 oz. gold (1.12 million tonnes grading 7.63 grams gold per tonne) and another 145,700 oz. gold in the inferred category (666,000 tonnes grading 6.81 grams gold).

In August, after closing a $5 million bought deal financing, the company unveiled its resource and reserve expansion drill program for the year, which consists of up to 10,000 metres.

| Only conventional uranium mill operating in the U.S.

uranium and thorium.)

“By using existing infrastructure and technologies at the mill to recover the uranium and the REEs from monazite sands, we are able to avoid the years of permitting and development, along with the tens, or even hundreds, of millions of dollars of capital that others would be faced with,” Mark Chalmers, the company’s president and chief executive, said in a statement.

The high-purity REE concentrate was refined from a one-tonne sample of monazite sands from an unidentified North American source and is ready to be sent to a separation plant

and a downstream REE processing facility for final test work, the company said. In addition to the REE concentrate, uranium recovered by the mill from the monazite sample will be sold to the nuclear fuel industry.

The company is in discussions with several entities to secure adequate quantities of monazite sands and, if successful, expects to produce commercial amounts of REE concentrate by early 2021.

The White Mesa mill is the only conventional uranium mill operating in the U.S., according to the company.

It has a licensed capacity of over 8 million lb. uranium per year in the

form of triuranium octoxide (U3O8), the most stable form of uranium found in nature.

The mill can also produce vanadium and has recovered about 54 million lb. vanadium over the life of the mill, making Energy Fuels the largest conventional vanadium producer in the U.S. in recent years, the company said. The mill has also previously recovered tantalum and niobium from uranium ore.

In addition to the White Mesa mill, the company owns the Nichols Ranch in-situ recovery (ISR) mine and plant in Wyoming, which has an operational capacity of 2 million

lb. U3O8 per year, and the Alta Mesa ISR mine and plant in Texas, with a capacity of 1.5 million lb. U3O8 per year.

The company says it has some of the largest and highest-grade uranium assets in the U.S., including Pinyon Plain in Arizona, Sheep Mountain in Wyoming, and the Henry Mountains Complex in Utah.

At press time in Toronto, Energy Fuels was trading at $2.11 per share within a 52-week trading range of $1.10 and $3.29. The company has 126 million common shares outstanding for a $265-million market capitalization. TNM

The goal is to add resources along all sections encompassing the current resource strike length of over 1,500 metres.

In the Copperstone Zone, underground core drilling of up to 3,200 metres will utilize 4,300 metres of existing underground development and workings to focus on stepping out along strike and dip to target the D and C zones.

The work program includes reverse circulation drilling from surface of up to 1,500 metres that will use the extensive access provided by the historic open pit to target areas of the Copperstone Zone that are not accessible from the underground workings.

In the Footwall Zone, discovered from underground drilling in 2018, the company is conducting underground core drilling of up to 1,000 metres that will target resources down dip and along strike, while reverse circulation continues from surface with up to 2,800 metres planned.

Surface reverse circulation drilling of up to 1,500 metres is also planned in the South West Zone, about 900 metres to the southwest of the pit.

Highlights from 2019 drilling underground in the Copperstone Zone

included 16.8 metres of 40 grams gold; 10.7 metres of 17.49 grams gold; 16.8 metres of 8.25 grams gold; 6.1 metres of 15.91 grams gold; and 12.2 metres of 11.70 grams gold.

In addition to the mine, Kerr holds a 50 sq. km land position, which Bonifacio said hosts a number of prospective targets offering additional upside that warrant further followup drilling.

“There are a number of follow-up targets beyond the two underground zones,” he noted. “There are many other targets outside of that footprint that we think will create other opportunities. It’s apparent that you have the benefit of what you can add on the underground targets and you also have other targets worth chasing.”

Bonifacio, who joined the company about fourteen months ago, and previously founded Nevada Copper (TSX: NCU; US-OTC: NEVDF) in 2005, remaining as its CEO until 2018, said working in the southwestern U.S. offers many advantages.

“If you look at Nevada and Arizona, they are two states that are very promining and there’s a wealth of existing infrastructure,” he said, including a highly skilled labour pool, which

means “you don’t need to fly people in and fly them out.”

At the end of the day, he noted, “there just aren’t that many projects in the U.S. that can be brought into production in a relatively short period of time.”

Directors and insiders own about 34% of the company, funds and family

offices hold another 30%, and retail investors 36%, according to the company’s latest corporate presentation.

Over the last year, Kerr Mines has traded in a range of 9.5¢ and 18¢ and at press time was trading at 15¢. The company has about 346 million common shares outstanding for a market cap of about $52 million. TNM

TSX-V: RVG OTCQB: RVLGF

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• Turquois (Cu phosphate) deposit.

• Tertiary porphyry intrusions in NW. SE 2.7km array.

• Porphyries anomalous for Cu, Mo, Ag. • Partly coincident, circular gravity & deep magnetic anomalies – 10 sqr km.

• Propylitic/phyllic/potassic alteration • Disseminated Au mineralization

Strong PEA Economics +5km Trend and 10,000m Drilling Underway

SPECIAL FOCUS SOUTHWEST US

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 23—DECEMBER 6, 2020

11

SOUTHWEST US SNAPSHOT: EIGHT COMPANIES ACTIVE IN THE REGION

BY MAGDA GARDNER mgardner@canadianminingjournal.com

The southwestern United States has a long-standing history of mining and remains one of the nation’s top mineral regions. With existing infrastructure, an established regulatory and permitting regime and prospective geological terrain, many companies in the exploration space have a renewed interest in this destination.

Below, we present eight companies active in the southwest U.S. n BUNKER HILL MINING Bunker Hill Mining (CSE: BNKR; US-OTC: BHLL) is working to restart the historic Bunker Hill mine in the Coeur d’Alene mining district of northern Idaho. The operation historically generated over 35 million tonnes between 1885 and 1991, grading 8.76% lead, 3.67% zinc and 55 grams silver per tonne.

The developer sees substantial exploration upside across the property, with targets around known

West Vault’s Hasbrouck gold project near the town of Tonopah, Nevada. WEST VAULT MINING INC.

and mined mineralization, and at depth, below the existing workings — high-grade silver is the primary exploration target. After bringing the mine back online, the company would mill the mineralized material, either on-site or at a thirdparty facility, to generate lead-silver and zinc concentrates, which would be shipped to smelters for processing.

This year, the company an-

nounced several changes to its management team, naming Sam Ash president and CEO in April, and, in October, appointed James Stonehouse as VP of exploration.

In September, the company released a resource estimate for the property and started a 4,570-metre exploration campaign. The initial inferred resource stands at 8.9 million tons, grading 1.27 silver oz. per ton, 2.31% lead and 4.97% zinc, for

a total of 11.2 million oz. of silver, 409.6 million lb. of lead and 879.7 million lb. of zinc.

In October, Bunker Hill also reported near-surface, high-grade silver intercepts from its namesake mine, nearby existing infrastructure. Drill highlights included 7.6 metres of 165.52 grams silver; 4.6 metres of 126.56 grams silver; and 2 metres of 178.72 grams silver.

According to Ash, these intercepts

support the company’s thesis of significant high-grade silver mineralization at Bunker Hill.

In August, Bunker Hill closed a $20.4-million private placement.

The net proceeds are expected to be used for the exploration of the highgrade silver potential of the Bunker Hill mine, as well as for payments required to keep the option interest See SNAPSHOT / 12

Developing simple heap leach gold projects in California 250,000 ounce per year production target

Long Valley

CALIFORNIA

Imperial

TSX-V: KORE

koremining.com

OTCQX: KOREF info@koremining.com 888 407 5450

12

NOVEMBER 23—DECEMBER 6, 2020 / THE NORTHERN MINER

SPECIAL FOCUS SOUTHWEST US

SNAPSHOT From 11

Core rig at Gold Standard’s Pinion deposit in Nevada.

in the mine in good standing.

Bunker Hill has a mining lease with option to purchase agreement for the mine with privately held Placer Mining, which extends out to August 2022. It may purchase the asset for US$5.9 million in cash and US$4.8 million in shares.

While the lease is in effect, monthly payments of US$60,000 are due.

Bunker Hill Mining has a $67.4-million market capitalization. n CROWN MINING Crown Mining (TSXV: CWM) is working to advance its 39-sq.-km Moonlight-Superior copper project in northeast California’s Plumas county. This project is within the past-producing Lights Creek copper district, which generated approximately 161 million lb. copper between 1915 and 1930 from the Superior and Engels mines. Placer Amex explored the property between 1960 and 1972 and drilled over 400 holes at the site.

There are three iron-oxide-copper-gold deposits at the site: Moonlight, Superior and Engels. Moonlight features 154 million indicated tonnes grading 0.29% copper and a further 62 million inferred tonnes of 0.29% copper. Superior includes an inferred resource of 57 million tonnes at 0.41% copper. At Engels, oxide inferred resources consist of 2.5 million tonnes at 1.05% copper.

Each of the three deposits includes prospects for resource expansion with drill-ready oxide and sulphide targets nearby.

The historic work completed by Amex defined near-surface oxide copper material at Moonlight with thicknesses estimated at 18 to 24 metres.

A preliminary economic assessment published in 2018 for the Moonlight deposit outlined a 17year, 54,431 tonne per day open pit operation, producing 1.5 billion lb. copper over its life at total life-ofmine operating costs of US$7.04 per tonne. With an initial capital cost estimate of US$513 million, the after-tax net present value estimate for the project, at an 8% discount rate and based on US$3.15 per lb. copper, came in at US$179 million with a 14.6% internal rate of return.

The above numbers exclude any potential upside from the processing of an oxide cap at Moonlight.

Crown has identified additional opportunities for resource growth at the Blue Copper, Copper Mountain, Osmeyer, Lamb’s Ridge and

WWW.NORTHERNMINER.COM

STEVEN R. KOEHLER, GOLD STANDARD VENTURES CORP

Project geologist Christine Johnson mapping at Revival Gold’s Arnett gold project near Salmon, Idaho. REVIVAL GOLD INC

Bunker Hill Mining’s president and CEO, Sam Ash (r.), with his wife Sarah Ash, a geologist with the company, at the underground Bunker Hill mine in northern Idaho. BUNKER HILL MINING

Warren Creek areas within the project grounds.

In August, Crown Mining announced the results of a historic exploration data review on the Superior deposit. Key takeaways included potential for resource growth based on higher grade copper-silver mineralization identified in at least ten veins and breccia zones; less than half of the copper-in-soil anomaly has been tested at Superior.

The junior is looking to partner with a copper miner to advance its key asset.

Crown Mining has a $4.9-million market capitalization. n FIORE GOLD

Fiore Gold (TSXV: F; US-OTC: FIOGF) is a gold producer whose flagship asset is the Pan heap leach mine in Nevada, on the Battle Mountain-Eureka gold trend. The company also holds the Gold Rock

and Golden Eagle projects in Nevada and Washington, respectively.

Fiore has been operating Pan since 2018 and steadily increased gold output over this time. Over the course of the company’s 2020 fiscal year, which ended on Sept. 30, the producer generated 46,031 gold oz., in line with its guidance for 45,000 to 48,000 ounces. This compares with 41,491 oz. recorded in fiscal 2019. This production growth is largely attributable to increased recoveries from a primary crusher installation.

Alongside the growing gold output from Pan, Fiore has seen its cash balance grow. At the end of September, the miner had a cash balance of US$23.2 million, an increase of US$5.9 million over the end of June, and an increase when compared with the US$15.9 million in the bank on Sept. 30, 2019.

With potential to increase throughputs, and add to the re-

source base, Fiore sees further upside at this producing asset.

The satellite Gold Rock holding, which together with Pan, covers a contiguous, 200-sq.-km land package, is federally permitted. In April, the company announced the results of a preliminary economic assess-

ment, which outlined an open pit operation, sharing infrastructure and management with Pan. As a 9,070 tonne-per-day heap leach operation, Gold Rock could generate an additional 55,800 gold oz. annually for the company over a 6.5-year mine life, at all-in sustaining costs of US$1,008 per ounce.

With a pre-production capital estimate of US$64.6 million, the after-tax net present value estimate for the incremental development comes in at US$32.8 million, at a 5% discount rate and based on US$1,400 per oz. gold, with a 17.8% internal rate of return. Fiore is now working to complete a feasibility study for Gold Rock by the second half of 2021.

In May, the miner also tabled an updated resource estimate for Golden Eagle, which lies within the Republic/Eureka mining district.

At a 0.48 gram gold cut-off, Golden Eagle holds measured and indicated resources of 45.4 million tonnes, grading 1.38 grams gold and 6.44 grams silver, containing 2 million oz. of gold and 9.4 million oz. of silver. Additional inferred resources feature 5.4 million tonnes, at 0.9 gram gold and 4.43 grams silver, for a further 154,650 gold oz. and 764,990 silver ounces. Kinross Gold’s (TSX: K; NYSE: KGC) 1,800 tonne-per-day Kettle River mill, currently on care and maintenance, is about 10 km away from this project.

Fiore Gold has a $156.3-million market capitalization.

See SNAPSHOT / 13

GLOBAL MINING NEWS

SPECIAL FOCUS SOUTHWEST US

THE NORTHERN MINER / NOVEMBER 23—DECEMBER 6, 2020

SNAPSHOT From 12 n GOLD STANDARD VENTURES Gold Standard Ventures (TSX: GSV; NYSE: GSV) is looking to develop a starter oxide gold operation at the South Railroad project, within the wholly owned 208-sq.km Railroad-Pinion project on the Carlin trend in Nevada. According to Gold Standard, this trend “hosts one of the largest gold concentrations in the western hemisphere” and includes established oxide and refractory gold deposits, as well as producing mines.

In February, the company published an updated pre-feasibility study for South Railroad, with open-pit operations at the Dark Star and Pinion deposits and heap leach gold extraction. The combined eight-year operation would place an average of 156,000 oz. of gold annually on the heap leach pad, with gold recoveries estimated at 72% to 76%. With life-of-mine all-in sustaining costs estimated at US$707 per oz., and an initial capital cost estimate of US$132.9 million, the after-tax net present value estimate for this development came in at US$265 million, at US$1,400 per oz. gold, US$17.11 per oz. silver and using a 5% discount rate, with a 40% internal rate of return.

Gold Standard plans to deliver a feasibility study for the project in June of next year.

Total resources across RailroadPinion include the Dark Star, Pinion, Jasperoid Wash and North Bullion deposits. The measured and indicated inventory includes 64.6 million tonnes, at 0.75 gram gold, for a total of 1.6 million gold ounces, with a further 34.8 million inferred tonnes, at 1.07 grams gold, containing 1.2 million oz. of gold.

In addition to the current mineralization, the company sees potential to add to its resource base. At Jasperoid Wash, there is potential to expand the shallow oxide mineralization to the east and north, with additional soil anomalies to the south. The Pod/Sweet Hollow oxide zone, to the north of South Railroad, also indicates potential for additional oxide resources.

In November, the company reported reverse circulation drill results from its 2020 Pinion deposit development program, which suggest a new higher-grade oxide zone at Pinion. Oxide drill highlights included 77.7 metres of 2.24 grams gold and 38.1 metres of 4.37 grams gold. Jonathan Awde, the company’s CEO, said the new Pinion zone “has the best oxide gold grades we have ever drilled at Pinion and it has potential to expand.”

In addition, Gold Standard also holds the 21.6-sq.-km Lewis project, 100 km west of South Railroad, on the Battle Mountain-Eureka trend, and adjacent to Nevada Gold Mines’ Phoenix mine. This prop-

13

Above: Nevada Copper’s Pumpkin Hollow copper project site, with headframe to the right. NEVADA COPPER Left: Reverse Circulation and core rigs at Gold Standard’s Pinion deposit in Nevada. STEVEN R. KOEHLER, GOLD STANDARD VENTURES CORP

erty includes an inferred resource of 7.7 million tonnes, at 0.83 gram gold and 14.22 grams silver, which contains 205,827 oz. of gold and 3.5 million oz. of silver.

Gold Standard Ventures has a $280.5-million market capitalization.

n NEVADA COPPER Nevada Copper (TSX: NCU; USOTC: NEVDF) is focused on ramping up its Pumpkin Hollow underground copper mine in Nevada, 12 km outside of the city of Yerington.

According to a corporate up-

date provided at the beginning of November, the company has completed the steelwork for the Main shaft, and started its staged commissioning, and is working to reach the 5,000 tonne-per-day nameplate level. The mill ramp up appears to

be going well, with sustained periods of operations around the 5,000 tonne per day capacity, and ongoing copper concentrate deliveries to its offtaker. Underground, lateral development is underway, with average October stope development grades of 2% copper-equivalent.

Based on an update to its geotechnical parameters in August, Nevada Copper has made changes to some stope dimensions in the Upper East South zone. These include smaller stopes during the ramp-up period, leading to larger stopes starting in the first quarter of next year. The smaller stopes in the short-term have increased the company’s near-term cost projections. As a result, Nevada Copper anticipates that it will need addiSee SNAPSHOT / 14

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SNAPSHOT From 13

tional funding over the coming months as it completes the ramp up – discussions are underway with its senior bank lender; the company has also received a third-party term sheet for an additional credit line of US$20 million to US$30 million.

A 2019 pre-feasibility study for Pumpkin Hollow outlined a standalone underground operation at the site, with additional development options for an open pit.

According to the PFS, the 13.5year underground mine would produce an average of 50 million lb. of copper, 8,000 oz. of gold and 150,000 oz. of silver each year over its lifetime, at all-in sustaining costs of US$1.96 per lb. of copper.

The resulting post-construction after-tax net present value estimate, at a 5% discount rate, stands at US$301 million, with a 25% internal rate of return.

The potential 19-year pit development, which would operate at approximately 33,600 tonnes per day in its first six years, followed by a flexible expansion to 63,500 tonnes per day, would extract an additional 350 million tonnes over its life, at 0.5% copper-equivalent.

This project, with a pre-production capital cost estimate of US$672 million, would generate US$829 million in after-tax net present value, at a 7.5% discount rate, with a 21% internal rate of return.

The company is working to advance the open pit project to the feasibility stage, with a construction decision expected to follow.

Nevada Copper has a $119-million market capitalization. n REVIVAL GOLD Revival Gold (TSXV: RVG; USOTC: RVLGF) is working to deliver a preliminary economic assessment by year-end for its 54-sq.-km, pastproducing Beartrack-Arnett project in Idaho.

The 27.2-sq.-km Beartrack portion of the property operated as an open pit, heap leach operation between 1994 and 2000, producing approximately 600,000 gold oz. over this time. The site hosts infrastructure from the historic mine, including power lines, roads, a processing plant and a core facility.

In October, Revival released assay results for seven holes completed at the Haidee target area at Arnett, all of which hit nearsurface, leachable mineralization along extensions of the Haidee deposit. The drill highlights included

Hugh Agro, president & CEO of Revival Gold (centre), with Steve Priesmeyer, VP Exploration (left) and general manager Pete Blakeley at the company’s Beartrack property in Lemhi County, Idaho. REVIVAL GOLD INC

22.9 metres of 0.63 gram gold; 41 metres of 0.38 gram gold; and 9.9 metres of 0.3 gram gold. According to the company, these results extended the known mineralization by 100 metres to the northeast and 50 metres to the southeast.

In February, the company released an updated resource for Beartrack-Arnett, with 36.4 million indicated tonnes, at 1.16 grams gold, containing 1.4 million gold ounces, and 47.2 million inferred tonnes, at 1.08 grams gold, for a further 1.6 million ounces. These resources include both heap leach and mill processing material; the latter includes open-pittable and underground material.

Of note, the resources in the heap leach category across the two properties total 14.2 million tonnes, grading 0.58 gram gold, for 264,000

gold ounces. Inferred resources add 18.3 million heap-leachable tonnes to the company’s inventory, at 0.54 gram gold, for a further 316,000 oz. of gold.

The PEA is looking at a restart of heap leach operations at the site.

Revival plans to start a pre-feasibility study for the project next year.

With a 10,000-metre drill program underway at Beartrack-Arnett, the company sees good potential to grow its mineral inventory.

At Beartrack, the mineralized trend covers over 5 km and remains open.

At Arnett, mineralization also remains open. Together, the two adjacent properties host over 10 km of favourable structure.

Last year’s bottle roll tests, completed on Arnett material, suggest gold heap leach recoveries of 75%.

In August, the company closed a

$15-million bought deal financing.

Revival Gold has a $72.6-million market capitalization. n SILVER ONE RESOURCES Silver One Resources’ (TSXV: SVE; US-OTC: SLVRF) flagship asset is the past-producing Candelaria silver mine in Nevada, 209 km southeast of Reno. The property is within the Candelaria mining district, which, between the late 1880s and 1954, generated approximately 22 million oz. of silver. Between 1980 and 1999, open pit operations at the site generated an estimated 47 million silver ounces.

In August, the company tabled an updated resource estimate for the heap leach pads at Candelaria.

Indicated resources stand at 22.2 million tonnes, grading 42.1 grams silver, and contain 30 million oz. of

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silver with an additional 11.5 million inferred tonnes, at 41.8 grams silver, for a further 15.4 million silver ounces.

In addition to the heap leach resource, the site hosts historic resources within the Mount Diablo and Northern Belle pits.

Silver One is looking to complete an economic study on reprocessing material on the historic heap leach pads, and on combining additional near-surface mineralization with the heap leach material.

In October, the company started a 15,000-metre reverse circulation drill program at this property. The drill material will also be used for metallurgical testing of the nearsurface mineralization around the two pits.

The three main targets for drill testing include a 1,500-metre by 500-metre area with potential for high-grade mineralization downdip of the two historic pits; extensions of the near-surface mineralization; and potential skarn IOGC (iron oxide copper gold) mineralization identified in historic underground workings.

Silver One has the option to acquire a 100% interest in Candelaria. To do so, it will need to issue US$100,000 worth of its units (consisting of one share and half of a warrant) to each of SSR Mining (TSX: SSRM; NASDAQ: SSRM) and Maverix Metals (TSX: MMX; NYSE: MMX) and make a US$1 million payment to Maverix (made up of cash and shares) one year after the start of commercial production at a rate of 2.5 million oz. of silver annually from Candelaria.

The company also wholly owns the Cherokee epithermal silvercopper-gold project in Nevada and has the option to acquire a 100% stake in the Phoenix silver project in Arizona.

Silver One Resources has a $147.3million market capitalization. n WEST VAULT MINING West Vault Mining (TSXV: WVM) wholly owns the Hasbrouck gold project in Nevada, located between Reno and Las Vegas

See SNAPSHOT / 15

GLOBAL MINING NEWS

SNAPSHOT From 14

and along the Walker Lane gold trend. From West Vault’s website, Hasbrouck is one of the few shovel-ready gold projects in the southwestern U.S. The Hasbrouck project includes three deposits – Hasbrouck, Three Hills and Hill of Gold. The company acquired the third resource at the end of 2018.

According to West Vault, Hasbrouck and Three Hills, 8 km apart, are near-surface oxide deposits, amendable to open pit heap leach mining.

A pre-feasibility study from 2016, on a development of the Hasbrouck and Three Hills deposits, suggested a 16,000 ton-perday operation, which would first operate the Three Hills mine for two years, and then mine Hasbrouck for six years. The resulting

SPECIAL FOCUS SOUTHWEST US

mine would produce an average of 74,000 gold-equivalent oz. annually, at all-in sustaining costs of US$709 per ounce.

With an initial capital cost estimate of US$47 million, and US$83 million required in growth capital for the Hasbrouck mine, the after-tax net present value estimate for this development stands at US$120 million, at a 5% discount rate and based on US$1,275 per oz. gold and US$18 per oz. silver, with a 43% internal rate of return.

The combined reserves, across Hasbrouck and Three Hills, stand at 45.3 million tonnes grading 0.017 oz. per ton gold and 0.233 oz. per ton silver, for a total of 762,000 gold oz. and 10.6 million oz. of silver.

The first proposed pit, at Three Hills, is fully permitted. Earlier this month, West Vault also received, from the Bureau of Land

Management, a Decision Record (DR) and a Finding of No Significant Impact, based on an analysis of the Environmental Assessment (EA) for the Hasbrouck mine.

According to West Vault, the DR indicates that the company has completed the requirements under the National Environmental Policy Act and the EA process, and is the last major permitting milestone before allowing construction of this second-phase open pit.

This summer, the company consolidated its interest in the Hasbrouck project. In July, West Vault purchased a 25% stake in this asset from Waterton Precious Metals Fund for US$10 million in cash, and also issued one million common shares to Waterton for this transaction.

West Vault Mining has a $106.6million market capitalization. TNM

THE NORTHERN MINER / NOVEMBER 23—DECEMBER 6, 2020

15

s

PODCAST soundcloud.com/northern-miner northernminer.com/tag/podcast

Prospecting on the northern extension of GMV’s Mexican Hat gold property in southeastern Arizona. GMV MINERALS

ARIZONA From 9

the interview.

In 2016, a geochemical study of 663 soil samples identified a new target, Hernandez Hill, about 500 metres northeast of the existing resource.

“The discovery was very surprising, and the combination of a strong pathfinder geochemical signature, including gold, suggested an epithermal system that may contain economic concentrations of gold and silver,” Klassen said.

The company then released the results from its 2016 winter drill program from the main deposit in March 2017. The 15-hole step-out drill program expanded the known mineralisation to the southeast and northeast. Highlights included drill hole GMV 2016-11, which intersected 33.5 metres grading 0.92 gram gold starting from 15.2 metres downhole, and hole GMV 2016-8, which returned 21.3 metres grading 0.74 gram gold from 152.4 metres. These step-outs expanded the known mineralised zones another 420 metres to the southeast, the company said.

The geophysical surveys traced the mineralisation to a depth of 500 metres and identified new target zones 100 metres south of Hernandez Hill.

By the end of 2017, 23 out of the 28 step-out drill holes encountered gold mineralisation at the main deposit above the previously established 0.2 gram gold cut-off grade that had been used for the resource estimate.

The drilling extended the known

Drilling program at GMV’s Mexican Hat asset. GMV MINERALS

surface mineralised area from 15.5 hectares to 34.1 hectares, with the mineralisation remaining open to the north, southeast, and to depth.

The company updated the resource estimate in July 2018 and an 11-hole step-out drill program completed in August 2019 was designed to extend the known mineralisation into areas of the pit model with limited or no historical drilling. Due to the lack of drilling, the company had classified these areas as waste tonnage.

The drilling tested the northern extent of the known mineralisation. Highlights included drill hole MHRC 19-8, which intersected 18 metres grading 1.24 grams gold from 201 metres, and hole MHRC 19-4, which returned 12 metres grading 1.19 grams gold from 207 metres. A

third hole, MHRC 19-1, confirmed economically significant mineralisation in a second pit located in the property’s southeast. That hole cut 3 metres of 1.22 grams gold from 76 metres.

The company also launched a soil geochemistry program focusing on Little Hat, about 3.4 km south of the Mexican Hat deposit, where a ground magnetic survey identified a near-surface anomaly, and returned anomalous gold levels in pathfinder elements, including antimony, tellurium, and arsenic. The results demonstrated that the area had a similar geochemical signature to Mexican Hat, according to the company.

Since completing an updated resource estimate in June and its PEA earlier this month, the company is

waiting to permit a four-hole drill program to test Little Hat. “We have been planning to drill test Little Hat for some time now,” Klassen said. “The Little Hat target has all the same markers as its larger cousin a few hundred meters to the north and presents an excellent opportunity to extend the areas of known mineralization.”

The company also plans to conduct two drill programs in 2021. The first is a step-out drill program along strike and down dip on the principal controlling structure outside of the current resource area and is designed to expand the northern and southeastern extensions of the known mineralisation.

The second is a 30-hole infill drill program totalling about 4,000 metres

within the two constrained-pits and is slated to begin in mid-2021. The drilling is designed to upgrade the current resource from the inferred to measured and indicated category.

“The conversion from inferred to measured and indicated resources is an art form and very subjective,” Webb said. “Much of this infill drilling is to confirm or reject past Placer Dome drill holes so we can feel comfortable enough to call it measured or indicated, while everything else will stay in the inferred category.”

At press time in Toronto, GMV Minerals was trading at 26¢ per share within a 52-week trading range of 7.5¢ and 35¢. The company has around 55.7 million common shares outstanding for a $14.5-million market capitalization. TNM

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16

Rio Tinto closes Argyle diamond mine after 37 years AUSTRALIA

| Mine was world’s biggest source of high-quality pink stones

BY CECILIA JAMASMIE

P

Special to The Northern Miner

ink diamonds, already rare, are about to get scarcer as Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has closed its iconic Argyle diamond mine, the world’s biggest and the main global source of highquality pink diamonds.

Since opening its doors 37 years ago, the mine in Western Australia produced 865 million carats of rough diamonds and became the source of about 90% of the world’s prized roseto-magenta hued stones.

The Argyle ore body, a single pipe known as AK1, was discovered in October 1979. Alluvial operations began in 1983, open pit mining kicked off in 1985, and the mine became a fully underground operation in 2013.

Now, Rio Tinto has mined the very last of these unique diamonds from the site, located within the ancient Matsu Ranges more than 3,000 km north of Perth.

“Fifty years ago there were very few people who believed there were diamonds in Australia – even fewer could have foreseen how the Argyle story would unfold,” Arnaud Soirat, Rio Tinto’s chief executive of Copper and Diamonds, said in a statement.

“To arrive at this final chapter has required vision, courage and determination to overcome significant challenges to enter new territory in diamond exploration, mining and marketing,” Soirat stated.

Rio Tinto’s Argyle mine, in Western Australia, accounted for 90% of worldwide pink diamond production. DAN NELSON, FLICKR

The closure of Argyle will remove about 75% of Rio Tinto’s diamond output, yet the impact on the miner’s earnings will be negligible. Diamonds account for only 2% of its earnings, while iron ore — the company’s main commodity — accounts for almost 60%.

The operation will now undergo

decommissioning and rehabilitation, which is expected to take five years.

After that, Rio Tinto will monitor the site for a period yet to be defined.

Andrew Wilson, general manager of Argyle, said the mine transformed the diamond sector, supplying gems for both ends of the market.

“A new chapter will now begin as

we start the process of respectfully closing the Argyle mine and rehabilitating the land, to be handed back to its traditional custodians,” he said.

Argyle was Australia’s first largescale diamond operation, pioneering the fly-in fly-out model, which included a workforce that came from across the nation.

It also triggered the creation and adoption of new technology and exploration methods to make the search for diamonds more efficient across the rugged and remote Kimberley landscape.

At its peak, Argyle churned out 40% of the world’s diamond output, which made it the biggest producer by volume.

Analysts and auctioneers alike expect prices for pink diamonds to go up and, potentially spur exploration.

Pink stones have already been fetching record prices in the past few years and the closure of their main source could see that trend strengthen.

The “Pink Star” went for US$71.2 million at Sotheby’s Hong Kong in April 2017, setting a record for diamonds sold in auctions.

In 2018, the 18.96-carat Pink Legacy fetched US$50 million at Christie’s auction house, breaking the world record for price paid per carat for a pink diamond at auction.

At Sotheby’s Hong Kong 2019 sale, one of the star pieces — described as an “exquisite 10.64-carat vivid purplish pink diamond” — sold for just under US$20 million.

Rio Tinto’s own data show that prices for their Argyle pink diamonds jumped by 500% from 2000 to earlier this year. TNM — This article first appeared in MINING.com, part of Glacier Resource Innovation Group

Roxgold grows Yaramoko inventory, defin s open pit reserves BURKINA FASO

BY CANADIAN MINING JOUIRNAL STAFF

W

est Africa-focused gold miner Roxgold (TSX: ROXG; US-OTC: ROGFF) has added near-surface, open-pittable reserves and resources to its mineral inventory at its underground Yaramoko mine complex in Burkina Faso. The company released a resource and reserve update, which shows net ounce growth at the site, after mining depletion.

With the latest additions, Roxgold has 820,000 tonnes of probable reserves, at 7.2 grams gold per tonne, which contain 190,000 oz. gold, in the open-pit category above the operating 55 Zone underground mine. These are made up of material that forms the crown pillar, remnant halo mineralization and includes sub-parallel structures to the main 55 Zone structure. According to the company, these would support an open pit operation once the 55 Zone underground mine is complete and extend the total mine life of the 55 Zone.

Underground reserves at the 55 Zone mine stand at 1.6 million tonnes grading 7 grams gold for 365,000 contained ounces. Further underground reserves at Bagassi South underground add 576,000 tonnes at 7.6 grams gold for another 141,000 oz. gold.

| Company expects mine to produce as much as 130,000 oz. gold this year

The combined reserves are within total measured and indicated resources of 2.7 million tonnes grading 10 grams gold containing 857,000 oz. gold. Further inferred resources add 556,000 tonnes at 6.8 grams gold for an additional 121,000 oz. gold.

The latest underground reserves are based on cutoff grades between 2.8 grams gold and 3.1 grams gold; open-pit reserves are derived from a 0.9 gram gold cutoff.

According to Roxgold president and chief executive John Dorward, the update speaks to the potential of the Yaramoko complex and sets the stage for further mine life extensions.

“Since starting production in 2016, the Yaramoko mine complex has poured over 575,000 ounces of gold and continues to demonstrate its ability to replace production and maintain a long mine life,” Dorward said in a statement. “With today’s announcement, we are planning for an open-pit operation with a reserve grade of over 7 g/t to complement the high-grade underground operation and extend the mine life at the 55 Zone.”

Dorward also explained that these initial open pit additions are the first phase of Roxgold’s plans to extend the Yaramoko mine life. This month, the company started a 14,500-metre underground drill program at the 55 Zone, focused on upgrading and

The processing plant at the Yaramoko gold mine in Burkina Faso, which Roxgold expanded to a 1,100-tonne-per-day capacity in 2018. ROXGOLD

extending resources at depth. These results will be part of the company’s annual resource and reserve update, expected in 2021.

“Extending the mine life at Yaramoko has long been a priority for us and between the success of the nearsurface drilling program, together with our recently commenced underground drilling program and the prioritization of regional exploration targets, I am confident that we will build a compelling body of evidence over the coming quarters to showcase the long-life nature of Yaramoko.”

In terms of regional exploration, this year, Roxgold has identified early-stage opportunities for drilling. Priority targets lie along the mapped western trend of the 55 Zone and Bagassi South areas. The initial exploration work will target nearsurface oxide material.

Roxgold expects its 1,100-tonneper-day Yaramoko mine complex (which is made up of the 55 Zone and Bagassi South underground mines) to produce 120,000 to 130,000 oz. gold in 2020, at all-in sustaining costs of US$930-$990 per ounce.

In addition to Yaramoko, the company also holds the pre-development Seguela gold project in Côte d’Ivoire as well as the exploration-stage Boussoura gold project in Burkina Faso.

In the last year, Roxgold has traded in a range of 56¢ and $1.92 per share, and at press time was trading at $1.70 per share. It has 373 million common shares outstanding for a $633-million market capitalization. TNM — This article first appeared in the Canadian Mining Journal, part of Glacier Resource Innovation Group

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M A R K E T N EWS TORONTO STOCK EXCHANGE / NOVEMBER 9 – 13 TheS&P/TSX Composite Index rose 2.41% to 16,675.64 during the Nov. 9-13 trading week.

TheS&P/TSX Global Mining Index declined by 2.43% to 96.48, and the S&P/TSX Global Base Metals Index jumped 5.03% to 114.89. Spot gold dropped US$60.60 per oz., or 3.11%, to US$1,889.20 per oz., and the S&P/TSX Global Gold Index fell by 8.08% to 345.71.

Barrick Gold fell $3.61 to $34.01 per share.

Thecompany has entered into two new agreements with Loncor Resources, strengthening their joint venture relationship in the Ngayu gold belt of the Democratic Republic of the Congo, 220 km from Barrick’s Kibali gold mine. Th total area under the various Barrick-Loncor joint ventures in Ngayu is now about 2,000 square kilometres. Under the first agreement, three exploration properties previously held

by Barrick outside of its joint ventures with Loncor have been added to the agreement. Th properties are northwest of Loncor’s Makapela project, which contains indicated resources of 614,200 oz. gold. These properties include two significant targets delineated by Barrick at Mongaliema, 7 km northwest of Makapela, and Ntokayulu, 3 km northwest of Makapela.

Under the second agreement, Loncor and Barrick have replaced the previous JV agreement relating to the Isiro properties to focus on the three most prospective properties. Thes

three Isiro properties include two of the drill targets identified by Barrick — Yambenda and Yasua — which Barrick plans to drill as part of its drill campaign on priority targets in the Ngayu gold belt.

Shares of Victoria Gold dropped $2.93 to $13.29. The company revised its annual production guidance for its Eagle gold mine in the Yukon to 72,000-77,000 oz. gold, down from 85,000-100,000 oz. gold. It also revised its forecast of all-in sustaining costs (AISCs) to US$1,175-$1,275 per oz., up from its earlier guidance of US$950-$1,100 per ounce. Th Eagle mine started commercial production in July. During the three months ended Sept.

30, Eagle produced 35,312 oz. gold at AISCs of US$1,315 per oz. gold sold. “Aside from the usual teething issues and learning curve expeTSX MOST ACTIVE ISSUES

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Suncor Energy SU 75470 Kinross Gold K 30131 Barrick Gold ABX 27708 B2Gold Corp BTO 23503 Yamana Gold YRI 15292 New Gold NGD 13791 First Quantum FM 13449 Lundin Mng LUN 11053 Teck Res TECK.B 9552 Wheaton Prec M WPM 8640

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WEEK LOW CLOSE CHANGE

16.80 9.90 33.10 7.59 6.94 2.32 14.80 8.54 18.94 56.71

18.27 10.52 34.01 7.85 7.22 2.43 16.12 8.84 19.29 59.70

+ - - - - - + + + -

2.99 0.87 3.61 1.19 0.55 0.14 0.64 0.22 0.18 5.91

riences common to all start-ups, we are very pleased with our progress as we have moved in to and beyond commercial production,” John McConnell, Victoria Gold’s president and chief executive, said in a statement, adding “the best is yet to come.”

Newmont fell $2.67 to $86.27 per share. Th company announced a goal to achieve net-zero carbon emissions by 2050, with the interim aim of achieving a 30% cut in greenhouse gas emissions (GHG) by 2030. The new 2030

target builds on Newmont’s existing GHG emissions reductions target of 16.5% over fiv years, concluding in 2020. Newmont said it would implement a new energy and climate investment standard to ensure that the targets are embedded into investment decisions related to fleet vehicles, production equipment, and onsite renewable power generation. Th company said that 88% of its energy used for mining and milling is generated from carbonbased fuels. TNM

TSX GREATEST PERCENTAGE CHANGE

VOLUME (000s) HIGH

NextSource Mat Excelsior Mng Suncor Energy Verde Potash Scandium Intl Champion Iron Nthn Dynasty Orocobre Anglo Pac Grp Kerr Mines Taseko Mines Victoria Gold Freegold Vent Loncor Res Orosur Mng Midas Gold Canarc Res Aquila Res EurOmax Res Minco Silver

NEXT MIN SU NPK SCY CIA NDM ORL APY KER TKO VGCX FVL LN OMI MAX CCM AQA EOX MSV

5752 760 75470 289 710 3955 4696 250 7 1758 2998 1662 8121 197 651 1683 1595 572 736 124

0.07 0.05 0.07 0.84 0.65 0.84 19.75 16.80 18.27 0.78 0.65 0.77 0.15 0.13 0.15 4.20 3.60 4.15 1.26 0.95 1.15 2.83 2.64 2.81 2.21 2.00 2.21 0.16 0.13 0.15 1.39 1.04 1.10 16.00 13.21 13.29 1.11 0.84 0.88 0.78 0.66 0.70 0.48 0.33 0.41 1.43 1.20 1.24 0.15 0.14 0.14 0.14 0.12 0.12 0.04 0.03 0.03 0.54 0.46 0.49

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

TSX GREATEST VALUE CHANGE

VOLUME (000s)

WEEK LOW CLOSE CHANGE

Nutrien Suncor Energy Ero Copper First Quantum Champion Iron Cameco Corp Imperial Metal Orocobre New Pac Metals Sierra Metals Franco-Nevada Agnico Eagle Wheaton Prec M Pan Am Silver Kirkland Lake Endeavour Mng Barrick Gold MAG Silver Victoria Gold Newmont Corp

40.0 33.3 19.6 18.5 15.4 15.0 13.9 13.3 12.8 11.1 18.5 18.1 17.0 16.7 16.3 15.6 15.2 14.3 14.3 14.0

NTR SU ERO FM CIA CCO III ORL NUAG SMT FNV AEM WPM PAAS KL EDV ABX MAG VGCX NGT

WEEK CLOSE CHANGE

5466 55.11 75470 18.27 1044 20.65 13449 16.12 3955 4.15 4926 12.66 413 3.40 250 2.81 733 6.78 471 3.08 2896 178.87 6336 97.55 8640 59.70 3030 43.36 6012 59.30 4051 30.94 27708 34.01 1246 22.55 1662 13.29 788 86.27

+ 3.20 + 2.99 + 1.30 + 0.64 + 0.54 + 0.48 + 0.34 + 0.33 + 0.31 + 0.28 - 17.64 - 12.19 - 5.91 - 4.83 - 4.17 - 4.06 - 3.61 - 3.28 - 2.93 - 2.67

TSX VENTURE EXCHANGE / NOVEMBER 9 – 13 The S&P/TSX Venture Composite Index fell 0.80% to finish the Nov. 9-13 trading week at 736.37. Spot gold dropped 3.11%, or US$60.60 per oz., to US$1,889.20 per ounce.

Shares of Artemis Gold jumped 41¢ to $5.55.

Thecompany released details of a 35,000-metre grade control drill program at its Blackwater gold project in British Columbia. The reverse circulation drill program will focus on delineating an area in the southwestern portion of the Blackwater pit (scheduled in the prefeasibility study to be in the first year of operation), which returned significant near-surface highgrade mineralized intercepts. The company said the program will provide up to 16 times higher data density than used for the resource estimate from the 2020 PFS, which will allow it to optimize grade selectivity and its mine schedule. “This practice significantly de-risks mine performance, particularly in the initial years of production,” the company said, noting that grade control drill programs will be part of normal mining operations once in production, with drilling expected to typically stay ahead of mining by six to 12 months. The company also plans to complete a limited diamond drill program project next year to test for extensions to the known mineralization. The project has

already seen more than 300,000 metres of diamond drilling.

Nouveau Monde Graphite posted the highest trading volume and jumped 23¢ to 65¢. Th company announced on Nov. 12 that electrochemical tests by the National Research Council of Canada showed that under the same conditions in half-button cell batteries, the reversible capacity (a measure of the energy density for performance) obtained with Noveau Monde’s anode material is 365 mAh/g compared with 360 mAh/g for the leading Asian standards. In addition, the coulombic efficienc for the firs cycle was similar for both products and within industry specifications, the company reported.

The broader market minimum specificatio for reversible capacity sits at 350 mAh/g. Th TSX-V MOST ACTIVE ISSUES

VOLUME (000s) HIGH

Nouveau Monde NOU 10161 Leeta Gold HIVE 9630 Decade Res DEC 9405 6955 Labrador Gold LAB RT Minerals RTM 6423 AbraPlata Res ABRA 6186 RosCan Gold ROS 4970 Fancamp Expl FNC 4548 EMO 4487 Emerita Res Kesselrun Res KES 4419

0.66 0.53 0.08 0.62 0.29 0.38 0.42 0.12 0.18 0.26

WEEK LOW CLOSE CHANGE

0.43 0.46 0.06 0.50 0.08 0.32 0.35 0.09 0.13 0.16

0.65 0.52 0.06 0.56 0.20 0.35 0.41 0.12 0.16 0.24

+ - - + + - + + + +

0.23 0.01 0.02 0.06 0.11 0.03 0.02 0.03 0.01 0.02

company is targeting full-scale commercial operations by early 2023.

RT Minerals surged 129.4% to 20¢ per share.

Thecompany reported drill results from its Link Catherine RLDZ property, 25 km southeast of Kirkland Lake, Ontario. Highlights included 33 metres grading 2.81 grams gold per tonne starting from 32 metres downhole, including 8 metres of 9.43 grams gold and up to 1 metre

of 24.49 grams gold. The company has an option to earn 100% of the property by paying $200,000 in cash, issuing 1.95 million shares and spending $1 million on work programs there over five years. It says the property contains “strongly altered rocks favourable for gold” in a 400 metre wide by 2.5 km long north-south trending deformation zone along the Pacaud fault. TNM

TSX-V GREATEST PERCENTAGE CHANGE

VOLUME (000s) HIGH

Newmac Res RT Minerals New Destiny Mg Ceylon Graph Nevado Res Noram Vent E3 Metals Nickel North Nouveau Monde Euro Manganese Hybrid Mineral Kings Bay Res Northern Uran Rathdowney Res Upper Canyon Crystal Peak Hawkeye Gld&Di Opawica Expl Condor Res Golden Dawn Ml

NER RTM NED CYL VDO.H NRM ETMC NNX NOU EMN HZ KBG.H UNO.H RTH UCM.H CPM HAWK OPW CN GOM

133 6423 2081 3386 59 3710 3350 121 10161 1875 158 91 887 77 1978 180 1604 401 2743 29

0.16 0.29 0.11 0.30 0.18 0.25 1.40 0.04 0.66 0.31 0.16 0.01 0.01 0.10 0.15 0.02 0.03 0.16 0.31 0.16

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.00 0.08 0.05 0.16 0.10 0.15 0.66 0.03 0.43 0.22 0.14 0.00 0.01 0.07 0.00 0.01 0.02 0.00 0.21 0.15

Abitibi Royal E3 Metals Los Andes Artemis Gold Gold Reserve Callinex Mines Golden Secret Rhyolite Res Kanadario Gold New Found Gold Chesapeake Gld Aurania Res Great Bear Res Hybrid Mineral Universal Vent Tanqueray Expl Golden Valley Integra Res K92 Mining Novo Res

0.15 0.20 0.09 0.30 0.18 0.25 1.22 0.04 0.65 0.31 0.14 0.01 0.01 0.07 0.10 0.01 0.02 0.13 0.23 0.15

+ 141.7 + 129.4 + 88.9 + 84.4 + 80.0 + 75.0 + 74.3 + 60.0 + 52.9 + 52.5 - 71.7 - 50.0 - 50.0 - 39.1 - 35.5 - 33.3 - 33.3 - 29.7 - 28.6 - 27.5

VOLUME (000s)

RZZ ETMC LA ARTG GRZ CNX TBRD RYE KANA NFG CKG ARU GBR HZ MCLD IPA GZZ ITR KNT NVO

WEEK CLOSE CHANGE

11 26.75 3350 1.22 73 6.50 1015 5.55 11 1.88 88 3.17 331 2.49 424 0.95 255 1.27 1414 4.53 176 4.63 162 3.45 218 16.19 158 0.14 461 1.95 3091 1.80 27 8.00 921 4.44 2193 7.34 1253 3.25

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

0.85 0.52 0.50 0.41 0.38 0.32 0.31 0.30 0.27 0.23 0.73 0.54 0.37 0.36 0.33 0.30 0.29 0.28 0.26 0.25

U.S. MARKETS / NOVEMBER 9 – 13 TheDow Jones Industrial Average rose 4.42% to finish the trading week at 29,479.81 and the S&P 500 climbed by 2.16% to 3,585.15. Spot gold dropped US$60.60 per oz., or 3.11%, to US$1,889.20 per oz. from the previous week.

Shares of Vale fell US9¢ to US$11.68 per share. The company and China’s Ningbo Zhoushan port have signed a deal to jointly invest around 4.3 billion yuan (US$651 million) in iron ore storage and processing facilities in Zhejiang. Vale and Ningbo Zhoushan port will each hold a 50% interest in the joint venture, which will have a registered capital of 1.5 billion yuan (US$227 million). Themove follows the two firms’ inauguration of a grinding hub at the port in eastern China in August. Th construction of an iron ore storage yard, with a maximum capacity of 4.1 million tonnes, an ore blending and processing facility with annual capacity of 21 million tonnes of ore, and two shipping berths are now proposed.

Hecla Mining dropped US26¢ to US$5.33 per share. Thecompany announced third-quarter results with production of 3.4 million oz. silver and 41,174 oz. gold, generating US$49.7 mil-

lion in free cash flow. Its production outlook for 2020 is 12.8-13.4 million oz. silver and 200,000-207,000 oz. gold. It also reported that the ramp-up of its Lucky Friday silver mine in Idaho is ahead of schedule and the mine will return to full production this quarter. During the third quarter, Lucky Friday produced 636,389 oz. of silver, up from 115,682 during the same period last year. Themine is forecast to produce more than three million oz. of silver in 2021.

Shares of Harmony Gold Mining fell US$1.02 to US$4.81 per share. The South Africa-based company announced that free U.S. MOST ACTIVE ISSUES

VOLUME (000s)

HIGH

Vale* VALE 160779 12.24 Barrick Gold* GOLD 116332 27.44 Freeport McMoR* FCX 114633 1.02 Kinross Gold* KGC 84831 8.23 Yamana Gold* AUY 82123 5.68 Chevron Corp* CVX 70443 84.49 United States S* X 57387 11.00 Suncor Energy* SU 52660 15.23 Hecla Mining* HL 38906 5.42 Harmony Gold* HMY 36697 5.21

WEEK LOW CLOSE CHANGE

11.41 11.68 - 0.09 25.34 25.89 - 2.98 21.29 19.23 20.14 + 7.58 8.02 - 0.72 5.31 5.49 - 0.45 78.26 83.03 + 11.88 9.88 10.58 + 0.68 13.00 13.91 + 2.20 4.94 5.33 - 0.26 4.62 4.81 - 1.02

cash flow in the first quarter of its 2020-2021 financial year nearly tripled year-on-year. The increase was driven by greater production and a surge in the gold price. Harmony said operating free cash rose to US$118.15 million during the three months ended Sept. 30, compared to US$39.58 million in the previous quarter.

Gold output rose 38% to 313,725 ounces. “A solid operational performance, further aided by the gold price, has significantly strengthened our balance sheet, allowing us to achieve an operating free cash flow margin of 20%,” Peter Steenkamp, Harmony’s CEO said in a news release. TNM

U.S. GREATEST PERCENTAGE CHANGE

VOLUME (000s) HIGH

Suncor Energy* SU Chevron Corp* CVX Natural Res Pt* NRP Alcoa* AA CONSOL Energy* CNX CONSOL Energy* CEIX CONSOL Coal Rs* CCR Nexa Resources* NEXA Intrepid Pots* IPI Black Hills* BKH DRDGOLD* DRD Harmony Gold* HMY Gold Fields* GFI AngloGold Ash* AU Agnico Eagle* AEM Fortuna Silvr* FSM Buenaventura* BVN Endeavr Silver* EXK Barrick Gold* GOLD Peabody Enrgy* BTU

52660 70443 169 29104 28144 1481 449 158 781 2327 1997 36697 33150 13841 8682 19108 8535 11006 116332 31223

15.23 84.49 15.50 16.63 10.31 4.79 3.33 7.62 10.49 64.40 12.19 5.21 11.51 25.54 79.74 7.67 12.98 3.84 27.44 1.46

13.00 78.26 12.65 15.11 8.31 4.25 3.00 6.62 9.00 60.51 10.68 4.62 10.41 23.06 71.71 7.03 11.32 3.50 25.34 0.80

13.91 83.03 15.23 16.57 9.92 4.49 3.16 7.51 9.46 63.11 11.13 4.81 10.63 24.14 74.27 7.12 11.36 3.70 25.89 1.05

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

U.S. GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

18.8 16.7 15.3 14.8 13.5 11.1 8.6 8.2 8.0 7.6 18.4 17.5 17.5 12.4 11.8 11.6 11.5 11.1 10.3 10.3

Chevron Corp* CVX MartinMarietta* MLM Black Hills* BKH Suncor Energy* SU Nutrien* NTR Alcoa* AA Natural Res Pt* NRP Rio Tinto* RIO CONSOL Energy* CNX Mosaic* MOS Franco-Nevada* FNV Agnico Eagle* AEM Wheaton Prec M* WPM Kirkland Lake* KL AngloGold Ash* AU Barrick Gold* GOLD DRDGOLD* DRD Newmont Corp* NEM Gold Fields* GFI Seabridge Gld* SA

VOLUME (000s)

WEEK CLOSE CHANGE

70443 83.03 2637 264.14 2327 63.11 52660 13.91 7861 41.98 29104 16.57 169 15.23 10519 62.51 28144 9.92 23353 18.02 4542 136.02 8682 74.27 11636 45.45 10375 45.11 13841 24.14 116332 25.89 1997 11.13 34735 65.71 33150 10.63 1703 19.72

+ 11.88 + 7.96 + 4.48 + 2.20 + 2.18 + 2.13 + 2.02 + 1.68 + 1.18 + 1.13 - 14.68 - 9.89 - 4.88 - 3.53 - 3.42 - 2.98 - 2.51 - 2.43 - 2.25 - 2.06

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 23—DECEMBER 6, 2020

19

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

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov 12 2020 (change from Nov 5, 2020 in brackets): Aluminium Alloy 5360 (-180) Aluminium 1420100 (-23850) 166200 (-7850) Copper Lead 113050 (-8500) Nickel 239154 (+768) Tin 4265 (-200) 221075 (+3275) Zinc

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$51.20 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.65 Cobalt: US$14.77 Copper: US$3.14/lb.

Copper: CME Group Futures December 2020: US$3.22/lb.; January 2021: US$3.22/lb Iridium: NY Dealer Mid-mkt US$1,660.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$122.70 Lead: US$0.86/lb.

Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$14,700.00 tr. oz.

Ruthenium: Mid-mkt US$270.00/tr. oz.

Silver: Handy & Harman Base: US$24.69 per oz.; Handy & Harman Fabricated: US$30.86 per oz.

Tin: US$8.35/lb.

Uranium: U3O8, Trade Tech spot price: US$30.00 per lb. U308 Zinc: US$1.19/lb.

Prices current Nov.16, 2020

TSX SHORT POSITIONS

TSX WARRANTS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Oct 31, 2020 (with changes from Oct 15, 2020) Largest short positions New Gold NGD 18202160 1792217 10/15/2020 Suncor Energy SU 15607242 -3690020 10/15/2020 Nexgen Energy NXE 12574319 -430469 10/15/2020 Fission Uran FCU 11495740 4583636 10/15/2020 Premier Gold M PG 10342531 90145 10/15/2020 Lundin Mng LUN 10290557 -546860 10/15/2020 Fortuna Silvr FVI 9369820 -207608 10/15/2020 Barrick Gold ABX 9333492 -9340446 10/15/2020 Ivanhoe Mines IVN 9201847 257426 10/15/2020 Kinross Gold K 9102194 469318 10/15/2020 Wheaton Prec M WPM 8421092 -1400316 10/15/2020 AR 6922588 2088444 10/15/2020 Argonaut Gold First Quantum FM 6740442 -2027662 10/15/2020 Endeavr Silver EDR 6559623 -11529 10/15/2020 Yamana Gold YRI 6182920 -6622067 10/15/2020 Largest increase in short position Fission Uran FCU 11495740 4583636 10/15/2020 Silver Eleph ELEF 6041380 2760850 10/15/2020 Argonaut Gold AR 6922588 2088444 10/15/2020 New Gold NGD 18202160 1792217 10/15/2020 Golden Mnls AUMN 1929690 1763868 10/15/2020 Largest decrease in short position OGC 3843700 -10032574 10/15/2020 OceanaGold Barrick Gold ABX 9333492 -9340446 10/15/2020 Yamana Gold YRI 6182920 -6622067 10/15/2020 DML 4626209 -5966453 10/15/2020 Denison Mines Suncor Energy SU 15607242 -3690020 10/15/2020

Short positions outstanding as of Oct 31, 2020 (with changes from Oct 15, 2020) Largest short positions ABRA 5953806 -72183 10/15/2020 AbraPlata Res MKO 5534860 -36975 10/15/2020 Mako Mining DV 3641333 109618 10/15/2020 Dolly Vard Sil Discovery Met DSV 3622784 711833 10/15/2020 Oceanus Res SLVR 3014822 55761 10/15/2020 IPT 2695791 653817 10/15/2020 IMPACT Silver Novo Res NVO 2233815 -3392068 10/15/2020 Vendetta Mng VTT 2137348 1996660 10/15/2020 LIO 2110111 226072 10/15/2020 Lion One Mtls ARTG 1363392 19090 10/15/2020 Artemis Gold Nexus Gold NXS 1265227 1088963 10/15/2020 HPQ 1215049 -171656 10/15/2020 Uragold Bay Rs SSV 1131510 -526370 10/15/2020 Southern Silvr Maple Gold MGM 1084014 452093 10/15/2020 GSP 1034863 987095 10/15/2020 Gensource Pot Largest increase in short position Vendetta Mng VTT 2137348 1996660 10/15/2020 NXS 1265227 1088963 10/15/2020 Nexus Gold Gensource Pot GSP 1034863 987095 10/15/2020 Kenadyr Mining KEN 863795 736295 10/15/2020 Discovery Met DSV 3622784 711833 10/15/2020 Largest decrease in short position Novo Res NVO 2233815 -3392068 10/15/2020 GR Silver GRSL 316668 -2458663 10/15/2020 Monarca Mnrls MMN 306466 -1800472 10/15/2020 Sun Metals SUNM 204341 -1696110 10/15/2020 Klondike Silv KS 125477 -1673553 10/15/2020

PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1878.20 1868.00 1876.20 Gold PM 1890.90 1874.85 1860.95 Silver 24.25 24.22 24.21 Platinum 897.00 875.00 866.00 Palladium 2332.00 2348.00 2357.00

1874.90 1878.70 24.20 870.00 2465.00

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

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

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

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

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

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

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.

Nov 12 1.3138 0.7611

Nov 11 1.3059 0.7658

Nov 10 1.3031 0.7674

Exchange rates (Quote Media, November 13, 2020) C$ to AUS C$ to EURO C$ to YEN 1.0472 0.6436 79.6023 C$ to UK Pound C$ to China Yuan C$ to India Rupee 5.0310 56.8001 0.5769 US to AUS US to EURO US to YEN 0.8449 104.6405 1.3755 US to UK Pound US to China Yuan US to India Rupee 0.7579 6.6064 74.5329

Nov 9 1606/1630 1913/1930 7034/7045 1841.50/1858 15862/15917 18455/18445 2664.50/2677

1957.45 1867.30 25.11 866.00 2575.00

Nov 09 1.3009 0.7687

C$ to Mex Peso 15.5506 C$ to Swiss Franc 0.6948 US to Mex Peso 20.4097 US to Swiss Franc 0.9125

C$ to SA Rand 11.8084 C$ to S. Korea Won 844.4457 US to SA Rand 15.5010 US to S. Korea Won 1108.1200

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

Nov 13 16675.64 736.41 994.82 345.52 300.03

Nov 12 16582.18 731.14 990.52 342.73 300.03

Nov 11 16774.14 728.25 1003.13 338.79 297.66

Nov 10 16615.37 728.16 993.26 339.59 299.26

Nov 09 16475.86 735.60 980.43 350.32 309.45

High Low 17970.51 11172.73 761.84 330.65 1070.48 683.81 416.84 173.42 359.81 140.55

GLOBAL MINING NEWS · SINCE 1915

Re-Publishing License

165 New Highs Pucara Gold* Abitibi Royal Abitibi Royal* Aftermath Silv* Amilot Capital Amilot Capital* Aton Resources* Aurcana Silver Aurcana Silver* Auxico Res Bam Bam Res Bam Bam Res* Barksdale Res* Barsele Min Barsele Min* BC Moly * Cache Explor Caelan Capital* Calibre Mng* Camino Min* Capella Min* Capstone Mng Cartier Iron Cerro Mng Ceylon Graph Chalice Gold M* Champion Iron Champion Iron* China Gold Int Class 1 Nickel

Cleveland-Clif* Conquest Res * Cons Woodjam Copper Mtn Mng Copper Mtn Mng* Critical Elem Critical Elem* Currie Rose Rs Defiance Silv Defiance Silvr E3 Metals E3 Metals* E79 Res Eastfield Re Eastfield Res Edgewater Expl* Eloro Res Eloro Res* European Elect* ExGen Res Inc Explorex Res Explorex Res* Fancamp Expl Firma Holdings* First Quantum Focus Minerals* Foran Mng Freeport McMoR* Galway Gold * Goldblock Cap Golden Secret Golden Sun*

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 warrant to purchase one common share at $4.25 per share.

Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share.

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

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

Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Ucore Rare Metals Inc. (UCU.RT) - One (1) right exercisable for one share at $4.00 per share.

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

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

moliveira@ northernminer.com or 416-510-6768

Minera Alamos * Minera IRL Mineral Res* Mistango River MPV Explor Navy Res Neo Lithium Nevado Res New Destiny Mg New Destiny Mg* New Milln Iron New Milln Iron* New Oroperu Newmac Res Newport Expl Nickel Rock Nickel Rock* Noram Vent* Nouveau Monde Nouveau Monde* Nrthn Superior Nrthn Superior* Orea Mining* Oroco Res Oroco Res* Pac Cascade Philex Mng* Philippine Mtl* PJX Res Probe Metals* Puma Expl Puma Expl*

QC Copper Rhyolite Res Rochester Res RT Minerals RT Minerals* Sage Gold* Scandium Intl Scandium Intl* Search Mnls Search Mnls* Solaris Res Solaris Res* Southern Copp* Sterling Metal Sterling Metal* Tarachi Gold* Tartisan Nick Temas Res Temas Res* Transatlantic* Tres-Or Res* Turquoise HIl Turquoise HIl* UC Res* Vanstar Mng Rs* Victory Metals Victory Metals* Viscount Mng Visible Gold M* VVC Expl VVC Expl* West Vault

Western Gold Western Troy C* Westkam Gold Westminster Rs Westminster Rs* ZEN Graphene ZEN Graphene*

22 New Lows Aston Bay Azimut Explor* Emerita Res* Golden Lake Goldseek Res* Graphite One Hanstone Gold Ion Energy Klondike Gold* Liberty One Li* Lida Resources* Nortec Mnls* Olivut Res* Peabody Enrgy* Portofino Res Quadro Res* Radius Gold Southern Emp Southern Emp* Talisker Res Ucore Rare Mtl* Voyageur Min

FundName Nov 13 ($) Nov 06 ($) Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) BMO Prec Mtls Fd A 29.29 31.98 -2.69 -8.42 29.91 2.41 64.25 BMO ZGD 81.44 88.54 -7.10 -8.02 29.22 0.61 229.45 BMO ZJG 79.33 85.94 -6.61 -7.69 27.66 0.60 116.39 CIBC Prec Metal Fd A 16.66 18.09 -1.43 -7.92 35.55 2.43 72.26 Dyn Prec Metls Fd A 14.11 14.91 -0.80 -5.36 53.66 2.73 707.81 Harvest HGGG 34.39 37.35 -2.96 -7.93 39.88 0.94 9.50 Horizons HEP 35.34 38.58 -3.25 -8.41 24.71 0.83 IG MacGbPreMetCl A 16.60 17.88 -1.29 -7.19 43.20 2.66 40.22 iShares XGD 21.57 23.47 -1.90 -8.08 34.36 0.61 1455.25 Mac Prec Met Cl A 80.24 86.60 -6.37 -7.35 44.67 2.52 83.07 NBI PrecMetFd Invt 22.41 24.49 -2.08 -8.49 37.94 2.46 40.65 Ninepoint GLDE Ninepoint GLDE.U Ninepoint SLVE Ninepoint SLVE.U NPT Go&PrMinFd A 60.51 65.63 -5.12 -7.81 48.30 3.19 NPT SilverEquCl A 10.46 11.29 -0.83 -7.36 48.11 2.98 RBC GblPreMetFd A 65.88 71.14 -5.26 -7.40 43.90 2.10 551.19 RBC GblPreMetFd Adv 66.34 71.64 -5.30 -7.40 43.88 2.09 3.07 Sentry Pre Met Fd A 58.94 61.55 -2.61 -4.25 46.32 2.32 382.10 TD Prec Mtl Fd Inv 55.98 61.15 -5.17 -8.45 33.04 2.27 170.83

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

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Golden Tag Golden Valley* Granite Creek* Guyana Goldstr* Highway 50 Gld HudBay Min HudBay Min* Hudson Res Hudson Res* iMetal Res* Independence G Independence G* Interconnect IsoEnergy Ltd Ivanhoe Mines* Jubilee Metals* Kanadario Gold Kombat Copper* Kuya Silver Kuya Silver* Los Andes Los Andes* Lundin Mng Lundin Mng* Lynas Corp* Mammoth Res Marimaca Cop Marimaca Cop* Mariner Res* Mason Graphite Mason Graphite* MAX Res

CANADIAN GOLD MUTUAL FUNDS

A – Australian Securities Exchange

Own your moment in the press with a Re-Publishing License for any article printed in The Northern Miner or posted on our website. Basic Re-Publishing License cost: $525

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

Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit.

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

Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $0.60 per share.

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

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

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

JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share.

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

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

NEW 52-WEEK HIGHS AND LOWS NOV. 9-13, 2020

EXCHANGE RATES Nov 13 1.3140 0.7617

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

TSX VENTURE WARRANTS

DAILY METAL PRICES

Daily Metal Prices Date Nov 13 Nov 12 Nov 11 Nov 10 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1608/1630 1607.50/1630 1606.50/1630 1606.50/1630 Aluminum 1918/1934.50 1904.50/1922.50 1905/1923.50 1880/1900 Copper 6926/6943.50 6904/6921.50 6912.50/6934 6865.50/6882 Lead 1886/1904.50 1868.50/1884.50 1849.50/1868.50 1818/1836 Nickel 15815/15845 15874/15922 15807/15836 15700/15753 Tin 18415/18375 18330/18260 18250/18210 18240/18235 Zinc 2612.50/2626 2593/2608.50 2630.50/2647.50 2617.50/2634.50

Date US$ in C$ C$ in US$

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 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Osisko Gold Royalties (OR.WT) - Wt buys

Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eColbalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Excellon Resources Inc. (EXN.WT) - One Warrant to purchase one common share of the issuer at $1.40 per share until expiry Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 until expiry.

Karora Resources Inc. (KRR.WT) - One

C – Canadian Stock Exchange

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

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

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

20

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: NOVEMBER 9–13, 2020

Stock

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NOVEMBER 23–DECEMBER 6, 2020 / THE NORTHERN MINER

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A 1911 Gold* O 110 0.53 0.42 0.47 - 0.01 1.22 0.15 1911 Gold V 127 0.63 0.57 0.62 + 0.01 0.98 0.22 0.13 unch 0.00 0.15 0.10 79 Resources C 315 0.15 0.13 79North C 1046 0.15 0.13 0.15 unch 0.00 0.25 0.10 A.I.S Res* O 29 0.05 0.05 0.05 - 0.00 0.07 0.01 V 411 0.07 0.06 0.07 unch 0.00 0.10 0.02 A.I.S Res Abacus Mining* O 46 0.14 0.12 0.13 - 0.01 0.21 0.03 Abacus Mining V 45 0.19 0.16 0.16 - 0.01 0.29 0.05 0.17 - 0.02 0.24 0.04 Abcourt Mines V 1655 0.18 0.16 Abcourt Mines* O 464 0.13 0.12 0.13 - 0.01 0.18 0.03 Aben Resources* O 231 0.05 0.04 0.05 + 0.00 0.12 0.03 Aben Resources V 2073 0.07 0.05 0.06 unch 0.00 0.16 0.05 O 7 20.39 0.00 20.35 + 0.46 20.39 7.68 Abitibi Royal* 26.75 + 0.85 26.75 11.10 Abitibi Royal V 11 26.75 24.97 AbraPlata Res* O 3040 0.30 0.24 0.27 - 0.02 0.36 0.03 AbraPlata Res V 6186 0.38 0.32 0.35 - 0.03 0.48 0.04 O 4 0.06 0.06 0.06 unch 0.00 0.14 0.06 Academy Metals* Academy Metals V 69 0.10 0.08 0.09 - 0.01 0.22 0.06 0.07 - 0.00 0.12 0.01 Adamera Min* O 98 0.07 0.05 Adamera Min V 147 0.08 0.00 0.08 - 0.01 0.16 0.02 Adex Mining V 889 0.01 0.01 0.01 unch 0.00 0.01 0.01 0.11 - 0.01 0.29 0.03 Advance Gold V 786 0.13 0.11 Adventus V 639 1.01 0.85 0.91 + 0.01 1.60 0.52 0.73 + 0.04 1.18 0.36 Adventus* O 14 0.73 0.67 0.75 - 0.03 1.20 0.33 AEX Gold V 201 0.78 0.00 Affinity Metal* O 17 0.22 0.20 0.20 - 0.02 0.37 0.06 African Gold V 465 0.20 0.18 0.20 unch 0.00 0.46 0.10 0.15 - 0.01 0.34 0.07 African Gold* O 306 0.16 0.13 Aftermath Silv* O 2017 0.95 0.70 0.81 + 0.02 0.95 0.06 Agnico Eagle* N 8682 79.74 71.71 74.27 - 9.89 89.23 31.00 T 6336 103.17 93.64 97.55 - 12.19 117.35 43.25 Agnico Eagle AgriMinco* O 132 0.00 0.00 0.00 - 0.00 0.00 0.00 Aguila Amer Gd* O 2 0.31 0.31 0.31 unch 0.00 0.34 0.12 97 0.45 0.34 0.45 + 0.14 0.50 0.12 Aguila Amer Gd V 0.21 - 0.05 1.34 0.18 AJN Resources C 52 0.24 0.00 Alamos Gold T 5723 12.29 11.46 11.80 - 1.26 15.52 4.43 N 14403 9.44 8.82 9.00 - 1.02 11.58 3.34 Alamos Gold* 102 0.00 0.00 0.00 unch 0.00 0.00 0.00 Alaska Pac Egy* O Alcoa* N 29104 16.63 15.11 16.57 + 2.13 Aldebaran Res* O 73 0.35 0.26 0.27 - 0.00 0.52 0.17 Aldebaran Res V 45 0.45 0.35 0.39 - 0.06 0.74 0.16 0.03 + 0.02 0.17 0.00 Alderon Iron* O 162 0.03 0.00 Aldever Res V 30 0.15 0.00 0.15 + 0.01 0.22 0.05 Aldever Res* O 0 0.11 0.00 0.11 - 0.00 0.16 0.01 O 811 0.18 0.13 0.17 + 0.01 0.54 0.06 Alexandra Cap* Alexco Res* X 4943 2.81 2.51 2.56 - 0.29 3.50 0.72 Alexco Res T 777 3.68 3.31 3.37 - 0.34 4.65 1.00 0.10 - 0.01 0.16 0.03 Alianza Min* O 318 0.11 0.09 Alianza Min V 393 0.14 0.12 0.12 - 0.01 0.21 0.03 Alien Metals* O 133 0.03 0.01 0.02 - 0.00 0.04 0.00 Allegiant Gold V 783 0.33 0.28 0.30 - 0.06 0.71 0.07 0.23 - 0.04 0.56 0.05 Allegiant Gold* O 519 0.26 0.22 Alliance Mng V 104 0.32 0.00 0.30 - 0.02 0.63 0.13 D 3133 3.65 3.26 3.53 + 0.28 12.37 2.63 Alliance Res* 1.11 - 0.10 1.24 0.21 Almaden Min* X 2686 1.22 1.01 Almaden Min T 576 1.60 1.31 1.44 - 0.13 1.60 0.31 0.22 - 0.02 0.29 0.05 Almadex Min* O 114 0.25 0.21 Almadex Min V 91 0.32 0.28 0.28 - 0.04 0.36 0.12 0.63 - 0.04 0.81 0.28 Almonty Ind T 158 0.69 0.60 O 187 0.53 0.47 0.47 - 0.04 0.61 0.24 Almonty Ind * Aloro Mining* O 13 0.05 0.00 0.04 - 0.01 0.19 0.01 0.05 - 0.01 0.12 0.03 Aloro Mining V 149 0.07 0.05 0.60 + 0.06 1.45 0.27 Alpha Lithium V 1158 0.63 0.53 Alpha Lithium* O 2265 0.50 0.40 0.46 + 0.04 Alphamin Res * O 186 0.19 0.17 0.19 + 0.00 0.24 0.09 0.26 + 0.02 0.30 0.12 Alphamin Res V 389 0.26 0.24 Altai Resource V 427 0.09 0.07 0.09 + 0.02 0.14 0.03 Altai Resource* O 73 0.05 0.05 0.05 + 0.00 0.11 0.02 0.19 - 0.01 0.26 0.04 Altamira Gold V 606 0.19 0.16 Altamira Gold* O 42 0.14 0.13 0.13 - 0.01 0.19 0.02 Altan Nevada V 450 0.02 0.02 0.02 unch 0.00 0.05 0.01 V 290 0.11 0.10 0.11 + 0.01 0.13 0.03 Altan Rio Min 0.21 - 0.01 0.25 0.02 Altiplano Met V 203 0.22 0.19 Altius Mnrls * O 100 8.75 7.96 8.05 - 0.45 9.38 4.33 10.55 - 0.49 12.32 6.29 Altius Mnrls T 250 11.33 10.45 Alto Ventures V 1108 0.13 0.11 0.12 + 0.01 0.24 0.08 Alto Ventures* O 2 0.09 0.00 0.09 unch 0.00 0.18 0.04 0.04 + 0.01 0.12 0.00 Altura Mining* O 458 0.04 0.01 Alturas Min V 2525 0.02 0.02 0.02 + 0.01 0.02 0.01 1.02 + 0.06 1.36 0.34 Altus Strat V 62 1.04 0.96 Altus Strat* O 6 0.74 0.70 0.74 + 0.04 21.22 0.35 Alumina Ltd* O 47 4.62 4.34 4.42 + 0.20 6.75 3.09 0.06 + 0.01 0.10 0.02 ALX Resources V 223 0.06 0.06 ALX Resources* O 166 0.05 0.04 0.05 + 0.01 0.07 0.01 AM Resources V 13 0.04 0.03 0.04 - 0.01 0.08 0.03 0.00 - 0.00 0.05 0.00 Amani Gold* O 95 0.00 0.00 Amarc Res V 551 0.06 0.05 0.06 unch 0.00 0.08 0.02 Amarc Res* O 128 0.04 0.04 0.04 - 0.00 0.07 0.02 0.33 - 0.02 0.42 0.10 Amarillo Gold V 1417 0.36 0.33 0.25 - 0.02 0.31 0.08 Amarillo Gold* O 471 0.29 0.25 Amer Intl Vent* O 76 0.01 0.01 0.01 unch 0.00 0.02 0.00 O 232 0.24 0.21 0.22 - 0.02 0.38 0.02 American Creek* V 933 0.30 0.28 0.29 - 0.03 0.50 0.04 American Creek American CuMo V 589 0.05 0.04 0.04 unch 0.00 0.06 0.04 American CuMo* O 561 0.03 0.03 0.03 - 0.00 0.08 0.00 American Lith* O 1452 0.91 0.80 0.82 - 0.03 2.19 0.06 American Lith V 765 1.18 1.05 1.08 - 0.05 2.98 0.09 American Mang* O 613 0.16 0.14 0.15 - 0.01 0.21 0.07 V 230 0.21 0.19 0.20 unch 0.00 0.28 0.10 American Mang American Pac C 880 0.21 0.20 0.21 unch 0.00 0.62 0.06 AmericanSierra* O 113 0.04 0.02 0.02 - 0.01 0.05 0.01 Americas Silvr T 1914 3.74 3.47 3.67 - 0.27 5.12 1.39 2.76 - 0.23 3.90 1.00 Americas Silvr* X 3130 2.88 2.69 Amerigo Res T 755 0.56 0.51 0.51 - 0.02 0.64 0.12 Amerigo Res* O 224 0.43 0.39 0.40 - 0.01 0.48 0.08 Amex Expl* O 507 2.47 2.09 2.42 + 0.07 2.98 0.64 Amex Expl V 720 3.25 2.66 3.16 + 0.06 3.98 0.86 Amilot Capital* O 3 0.04 0.04 0.04 unch 0.00 0.04 0.01 Amilot Capital V 78 0.08 0.00 0.07 + 0.02 0.08 0.01 Amseco Expl V 1 0.00 0.00 0.04 unch 0.00 0.08 0.02 Anaconda Mng T 1345 0.63 0.54 0.61 + 0.02 0.78 0.10 Anaconda Mng* O 196 0.49 0.42 0.46 + 0.02 0.59 0.07 0.01 + 0.00 0.02 0.00 Andes Gold* O 24 0.01 0.01 Andover Mng* O 50 0.00 0.00 0.00 unch 0.00 0.00 0.00 Anfield Energy* O 55 0.04 0.03 0.04 + 0.00 0.12 0.03 0.05 + 0.01 0.16 0.04 Anfield Energy V 1656 0.05 0.05 Angel Gold* O 1 0.02 0.02 0.02 - 0.00 0.05 0.00 0.02 - 0.01 0.07 0.01 Angel Gold V 177 0.03 0.02 Angkor Gold* O 369 0.05 0.04 0.04 - 0.00 0.08 0.02 Angkor Res V 1084 0.06 0.05 0.05 - 0.01 0.10 0.01 Anglo American* O 22 28.85 0.00 27.46 + 2.61 29.51 12.56 Anglo American* O 475 14.11 13.38 13.87 + 1.30 14.81 5.91 Anglo Pac Grp T 7 2.21 2.00 2.21 + 0.25 3.94 1.75 AngloGold Ash* O 0 25.28 0.00 25.28 + 0.03 38.94 15.44 AngloGold Ash* N 13841 25.54 23.06 24.14 - 3.42 38.50 12.66 Angus Gold* O 6 0.63 0.61 0.61 - 0.02 1.16 0.52 Angus Gold V 18 0.83 0.79 0.80 - 0.03 1.51 0.14 Antioquia Gold* O 112 0.05 0.04 0.05 + 0.00 0.07 0.01 Antioquia Gold V 162 0.07 0.06 0.06 unch 0.00 0.09 0.02 Antler Gold V 457 0.27 0.26 0.27 - 0.01 0.49 0.02 Antler Gold * O 20 0.20 0.20 0.20 - 0.01 0.38 0.01 Antofagasta* O 15 14.95 14.31 14.60 + 0.53 15.00 7.30 Apex Res * O 14 0.08 0.00 0.08 unch 0.00 0.28 0.04 Apex Res V 55 0.11 0.09 0.09 - 0.02 0.38 0.04 Apollo Gold V 230 0.72 0.66 0.68 - 0.02 1.68 0.04 Apollo Gold* O 4 0.55 0.53 0.53 - 0.02 0.91 0.39 Appia Energy* O 627 0.29 0.23 0.26 - 0.03 0.43 0.07 Appia Energy C 517 0.37 0.30 0.33 - 0.04 0.57 0.10 Applied Min* O 4289 0.02 0.01 0.01 - 0.00 0.03 0.00 Aquila Res* O 509 0.11 0.09 0.10 - 0.01 0.15 0.05 Aquila Res T 572 0.14 0.12 0.12 - 0.02 0.22 0.07 Arbor Metals V 79 1.91 1.88 1.90 + 0.01 1.91 0.03 Arch Resources* N 1910 32.67 27.86 29.31 - 0.32 Archon Mineral V 27 0.25 0.20 0.25 unch 0.00 0.41 0.10 Arctic Star* O 4 0.03 0.03 0.03 unch 0.00 0.09 0.01 Arctic Star V 409 0.05 0.04 0.05 unch 0.00 0.12 0.02 Arcturus Vent V 1369 0.04 0.03 0.04 + 0.01 0.52 0.02 Arcturus Vent* O 481 0.03 0.02 0.03 + 0.01 0.45 0.00 Arcus Dev Grp* O 12 0.01 0.01 0.01 unch 0.00 0.03 0.01 Arcus Dev Grp V 650 0.03 0.02 0.03 + 0.01 0.04 0.01 Arcwest Explor V 776 0.15 0.12 0.13 + 0.01 0.21 0.04 Arcwest Explor* O 20 0.09 0.09 0.09 unch 0.00 0.15 0.03 Arena Min* O 22 0.02 0.01 0.02 + 0.01 0.04 0.01 Arena Min V 672 0.03 0.00 0.03 + 0.01 0.06 0.02 Ares Strategic V 927 0.27 0.23 0.23 - 0.03 0.33 0.07 Ares Strategic* O 870 0.21 0.18 0.18 - 0.02 0.26 0.01 Argentina Lith* O 22 0.08 0.06 0.06 - 0.01 0.10 0.02 Argentina Lith V 14 0.10 0.00 0.09 unch 0.00 0.13 0.04 Argentum Silvr V 70 0.19 0.18 0.19 + 0.01 0.31 0.14 Argentum Silvr* O 38 0.15 0.13 0.13 - 0.01 0.23 0.11 Argo Gold C 710 0.17 0.14 0.17 + 0.03 0.35 0.04 Argo Gold* O 390 0.12 0.11 0.12 + 0.00 0.24 0.06 Argonaut Gold* O 900 1.98 1.82 1.89 - 0.12 2.63 0.53 Argonaut Gold T 5910 2.56 2.38 2.47 - 0.16 3.42 0.76 Arian Res* O 3 0.00 0.00 0.00 unch 0.00 0.00 0.00 Arianne Phosph V 369 0.15 0.13 0.15 + 0.02 0.34 0.13 Arianne Phosph* O 112 0.11 0.10 0.11 + 0.01 Arizona Metals* O 25 0.50 0.48 0.50 + 0.03 0.73 0.46 Arizona Metals V 339 0.70 0.60 0.67 + 0.08 1.04 0.23 Arizona Silver V 264 0.34 0.30 0.33 unch 0.00 0.40 0.10 Arizona Silver* O 106 0.26 0.22 0.26 + 0.01 0.31 0.08 Armor Min V 9 0.89 0.00 0.84 + 0.22 0.97 0.31

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Artemis Gold* O 276 4.42 3.83 4.14 + 0.21 5.63 0.60 5.55 + 0.41 7.64 0.95 Artemis Gold V 1015 5.79 5.01 Asante Gold C 106 0.11 0.11 0.11 + 0.01 0.14 0.02 0 0.00 0.00 0.80 unch 0.00 0.99 0.30 Asbestos Corp V O 102 0.08 0.06 0.08 + 0.00 0.30 0.06 Ascendant Res* Ascendant Res T 322 0.11 0.09 0.10 + 0.01 0.41 0.08 Ascot Res T 1283 1.17 1.07 1.11 - 0.03 1.40 0.37 O 340 0.91 0.81 0.82 - 0.06 1.06 0.26 Ascot Res * Ashanti Sanko* O 14 0.02 0.01 0.02 + 0.00 0.05 0.01 Ashanti Sanko V 15 0.03 0.03 0.03 unch 0.00 0.10 0.01 V 4 0.24 0.00 0.24 unch 0.00 0.64 0.18 AsiaBaseMetals Aston Bay* O 1019 0.04 0.03 0.03 - 0.00 0.09 0.03 Aston Bay V 1228 0.05 0.00 0.04 - 0.01 0.13 0.04 0.20 - 0.03 0.30 0.08 ATAC Res* O 897 0.22 0.19 ATAC Res V 1122 0.28 0.25 0.26 - 0.03 0.40 0.11 Atacama Res* O 3936 0.01 0.01 0.01 - 0.00 0.03 0.00 Atalaya Mining T 8 3.58 0.00 3.58 + 0.19 3.85 1.79 Athabasca Min* O 8 0.09 0.09 0.09 - 0.01 Athabasca Min V 303 0.14 0.12 0.13 + 0.01 0.46 0.08 Athena Silver* O 16 0.07 0.00 0.04 - 0.02 0.15 0.01 Atico Mining* O 505 0.36 0.29 0.36 + 0.03 0.50 0.11 Atico Mining V 414 0.47 0.41 0.47 + 0.05 0.67 0.16 Atlanta Gold* O 2 0.01 0.01 0.01 + 0.01 0.08 0.00 Atlantic Indus V 46 0.03 0.02 0.03 + 0.01 0.03 0.01 Aton Resources V 78 0.35 0.00 0.30 - 0.05 0.65 0.20 O 4 0.30 0.30 0.30 unch 0.00 0.40 0.10 Aton Resources* Aura Minerals* O 2 9.74 0.00 9.06 - 1.20 Aura Minerals T 47 13.39 11.30 12.70 - 0.57 18.30 1.40 Aurania Res* O 55 3.05 2.64 2.64 - 0.41 4.31 1.03 Aurania Res V 162 3.94 3.44 3.45 - 0.54 5.75 1.51 Aurcana Silver V 3669 1.19 0.97 1.07 unch 0.00 1.19 0.15 Aurcana Silver* O 1884 0.92 0.74 0.81 - 0.01 0.92 0.11 AurCrest Gold V 718 0.07 0.06 0.06 unch 0.00 0.07 0.02 AurCrest Gold* O 80 0.04 0.04 0.04 unch 0.00 0.04 0.01 Aurelius Min V 2179 0.08 0.06 0.07 - 0.02 0.14 0.02 Aurelius Min* O 499 0.07 0.04 0.06 - 0.00 0.10 0.04 Aurion Res V 145 1.31 1.22 1.27 - 0.02 2.14 0.42 Aurion Res * O 163 1.06 0.94 0.98 - 0.01 1.72 0.29 0.05 unch 0.00 0.08 0.02 Aurora Royal V 103 0.05 0.00 Aurwest Res C 946 0.08 0.06 0.08 + 0.01 0.10 0.01 O 11 0.24 0.21 0.24 + 0.03 0.60 0.06 AURYN Mining* Aust Mines* O 2061 0.01 0.01 0.01 + 0.00 0.02 0.00 Austral Gold* O 56 0.18 0.14 0.14 - 0.03 0.69 0.02 Austral Gold V 403 0.21 0.20 0.20 - 0.02 0.38 0.06 AUX Resources V 943 0.25 0.21 0.21 - 0.05 0.56 0.00 AUX Resources* O 34 0.20 0.16 0.17 - 0.03 0.39 0.19 Auxico Res C 613 0.30 0.20 0.28 + 0.08 0.30 0.02 O 334 0.06 0.05 0.05 - 0.00 0.08 0.02 Avalon Advance* Avalon Advance T 710 0.08 0.07 0.07 unch 0.00 0.10 0.03 Avarone Metals* O 19 0.04 0.03 0.03 unch 0.00 0.06 0.02 Avidian Gold V 602 0.27 0.22 0.24 - 0.01 0.48 0.05 0.19 - 0.01 0.35 0.17 Avidian Gold* O 27 0.20 0.19 Avino Silver* X 3691 1.12 0.98 1.00 - 0.12 1.49 0.26 Avino Silver T 520 1.45 1.28 1.30 - 0.14 2.04 0.27 0.03 - 0.00 0.04 0.01 Avrupa Min* O 4 0.03 0.00 Avrupa Min V 378 0.04 0.03 0.03 unch 0.00 0.05 0.01 Awale Res V 551 0.14 0.11 0.12 - 0.02 0.26 0.04 Axmin Inc V 226 0.09 0.08 0.09 - 0.01 0.50 0.07 Aya Gold* O 31 2.51 2.24 2.45 - 0.08 2.55 0.65 Azarga Metals* O 4 0.05 0.05 0.05 + 0.01 0.10 0.03 0.06 - 0.01 0.20 0.05 Azarga Metals V 1 0.06 0.00 Azarga Uranium T 428 0.20 0.19 0.20 + 0.01 0.25 0.07 Azarga Uranium* O 213 0.15 0.13 0.15 + 0.01 0.20 0.05 Azimut Explor V 202 1.09 1.02 1.05 - 0.03 3.27 0.40 Azimut Explor* O 34 0.83 0.00 0.79 - 0.04 2.35 0.30 Azincourt Ener* O 1208 0.02 0.02 0.02 - 0.00 0.05 0.01 Azincourt Ener V 272 0.03 0.02 0.02 unch 0.00 0.06 0.02 0.31 - 0.06 0.70 0.04 Aztec Minerals V 633 0.38 0.29 Aztec Minerals* O 350 0.30 0.23 0.25 - 0.03 0.53 0.03 Azteca Gold* O 2791 0.00 0.00 0.00 - 0.00 0.00 0.00 0.18 + 0.03 0.27 0.08 Azucar Min V 75 0.18 0.00 Azucar Min* O 222 0.14 0.11 0.13 + 0.00 0.20 0.05

B B2Gold Corp T 23503 8.49 7.59 7.85 - 1.19 9.99 3.12 B2Gold Corp* X 39579 6.54 5.81 5.99 - 0.96 7.55 2.16 Balto Res V 500 0.09 0.09 0.09 unch 0.00 0.19 0.03 Bam Bam Res* O 12 0.71 0.54 0.71 + 0.16 1.03 0.19 Bam Bam Res C 305 1.00 0.82 1.00 + 0.14 1.60 0.25 Bannerman Res* O 2018 0.03 0.03 0.03 + 0.00 0.04 0.01 Banyan Gold V 824 0.28 0.25 0.27 - 0.02 0.39 0.03 0.21 - 0.02 0.90 0.02 Banyan Gold* O 164 0.30 0.16 Barksdale Res* O 54 0.54 0.00 0.53 + 0.05 0.52 0.14 Barksdale Res V 290 0.70 0.62 0.69 + 0.02 0.70 0.21 Baroyeca Gold V 5 0.21 0.21 0.21 unch 0.00 0.25 0.03 Barrick Gold T 27708 35.53 33.10 34.01 - 3.61 41.09 17.52 Barrick Gold* N 116332 27.44 25.34 25.89 - 2.98 31.22 12.65 0.55 + 0.17 0.56 0.07 Barsele Min* O 80 0.58 0.42 Barsele Min V 471 0.75 0.54 0.70 + 0.12 0.75 0.11 Baru Gold V 1301 0.15 0.14 0.14 - 0.01 0.24 0.02 Baru Gold* O 352 0.12 0.10 0.11 - 0.01 0.21 0.02 0.34 + 0.07 0.95 0.23 Baselode Egy* O 61 0.34 0.26 Baselode Egy V 211 0.45 0.35 0.45 + 0.11 0.80 0.07 Batero Gold V 175 0.11 0.09 0.10 - 0.03 0.13 0.05 0.07 - 0.03 0.10 0.03 Batero Gold* O 60 0.10 0.07 Battle North* O 380 1.65 1.45 1.53 - 0.19 1.74 0.37 Battle North T 1197 2.28 1.91 2.04 - 0.22 2.28 0.54 Bayhorse Silvr* O 255 0.09 0.08 0.09 - 0.00 0.17 0.03 Bayhorse Silvr V 653 0.11 0.10 0.11 - 0.01 0.24 0.05 BC Moly * O 3 0.04 0.04 0.04 unch 0.00 0.04 0.03 BC Moly V 2 0.00 0.00 0.04 unch 0.00 0.06 0.03 BCM Res V 22 0.08 0.00 0.08 unch 0.00 0.08 0.02 Bear Creek Mng V 393 3.35 3.15 3.25 - 0.10 4.17 0.75 Bear Creek Mng* O 185 2.61 2.40 2.44 - 0.12 3.04 0.50 Bearclaw Cap V 294 0.06 0.03 0.03 - 0.01 0.06 0.01 Bearing Lith V 112 0.21 0.00 0.18 + 0.02 0.25 0.06 0.15 + 0.03 0.21 0.06 Bearing Lith* O 96 0.15 0.00 Beauce Gold V 243 0.13 0.11 0.12 - 0.01 0.22 0.06 Bell Copper V 620 0.24 0.20 0.24 + 0.04 0.27 0.01 0.18 - 0.01 0.21 0.02 Bell Copper* O 8 0.18 0.00 Belmont Res V 439 0.07 0.05 0.05 - 0.01 0.10 0.02 Belo Sun Mng T 1033 1.28 1.14 1.16 - 0.13 1.44 0.21 Belo Sun Mng* O 2050 0.99 0.83 0.88 - 0.10 1.10 0.18 0.30 unch 0.00 0.42 0.09 BeMetals * O 1 0.30 0.30 BeMetals V 525 0.47 0.44 0.46 + 0.02 0.57 0.12 Benchmark Met* O 245 1.04 0.85 0.87 - 0.13 1.22 0.12 Benchmark Met V 1973 1.31 1.07 1.15 - 0.17 1.64 0.17 Benton Res V 353 0.19 0.18 0.18 - 0.01 0.30 0.04 Benton Res* O 171 0.15 0.12 0.14 - 0.02 0.22 0.03 Benz Mining V 290 0.77 0.67 0.76 + 0.05 0.92 0.05 Benz Mining* O 9 0.56 0.00 0.52 - 0.02 0.68 0.05 Bessor Min V 56 0.07 0.06 0.06 unch 0.00 0.10 0.03 Bird River Res C 3488 0.01 0.01 0.01 unch 0.00 0.02 0.01 Bitterroot Res* O 340 0.06 0.05 0.05 - 0.00 0.07 0.01 Bitterroot Res V 431 0.08 0.07 0.08 + 0.01 0.09 0.03 Black Dragon* O 1 0.05 0.05 0.05 unch 0.00 0.07 0.00 Black Hills* N 2327 64.40 60.51 63.11 + 4.48 87.12 48.07 Black Iron* O 139 0.09 0.08 0.09 - 0.00 0.15 0.03 Black Iron T 1079 0.13 0.11 0.12 + 0.01 0.20 0.05 Black Mammoth* O 2 0.05 0.05 0.05 unch 0.00 0.11 0.02 Black Mammoth V 1 0.00 0.00 0.08 unch 0.00 0.17 0.04 Black Mountain V 88 0.39 0.35 0.39 unch 0.00 0.39 0.35 Black Tusk Res* O 624 0.05 0.04 0.04 - 0.01 0.08 0.02 Black Tusk Res C 6197 0.06 0.05 0.06 unch 0.00 0.10 0.03 Blackheath Res V 110 0.21 0.20 0.20 unch 0.00 0.24 0.05 Blackrock Gold* O 749 0.66 0.60 0.62 - 0.02 1.22 0.05 Blackrock Gold V 1121 0.86 0.78 0.81 - 0.02 1.61 0.07 0.13 - 0.01 0.27 0.02 Blind Creek V 16 0.14 0.13 BLOX Inc* O 3386 0.00 0.00 0.00 - 0.00 0.30 0.00 Blue Lagoon C 185 0.94 0.86 0.90 - 0.02 2.11 0.43 Blue Lagoon* O 165 0.72 0.65 0.68 - 0.04 1.45 0.27 Blue Moon Zinc* O 78 0.04 0.00 0.04 + 0.00 0.05 0.00 Blue Moon Zinc V 837 0.06 0.04 0.05 unch 0.00 0.06 0.01 943 0.02 0.01 0.02 + 0.01 0.02 0.01 Blue River Res V Blue River Res* O 557 0.01 0.01 0.01 unch 0.00 0.01 0.00 Blue Sky Uran* O 35 0.08 0.06 0.07 + 0.00 0.17 0.03 Blue Sky Uran V 946 0.10 0.09 0.10 + 0.01 0.23 0.05 Blue Star Gold* O 0 0.00 0.00 0.06 unch 0.00 0.12 0.04 Blue Star Gold V 225 0.09 0.08 0.08 - 0.01 0.16 0.04 Blue Thunder V 193 0.11 0.09 0.11 + 0.02 0.20 0.06 BlueBird Batt* O 10 0.20 0.17 0.20 + 0.02 0.22 0.18 BlueBird Batt V 960 0.29 0.22 0.29 + 0.05 0.40 0.08 Bluestone Res V 598 2.12 1.92 2.00 - 0.02 2.43 0.99 Bluestone Res* O 163 1.66 1.49 1.51 - 0.02 1.84 0.75 BMEX Gold V 141 0.79 0.70 0.79 + 0.03 1.05 0.08 Bold Ventures V 128 0.06 0.05 0.06 + 0.01 0.08 0.03 Bonanza Gold* O 15618 0.00 0.00 0.00 - 0.00 0.01 0.00 Bond Resources C 330 0.18 0.17 0.18 + 0.03 0.43 0.15 BonTerra Res V 2015 1.41 0.94 1.27 + 0.19 2.31 0.63 Boreal Metals V 383 0.12 0.09 0.10 - 0.01 0.14 0.03 Boreal Metals * O 74 0.10 0.07 0.08 - 0.01 0.17 0.03 Borneo Res Inv* O 47660 0.00 0.00 0.00 + 0.00 0.00 0.00 Boundary Gold* O 5 0.03 0.03 0.03 + 0.00 0.08 0.00 Boundary Gold V 155 0.04 0.04 0.04 unch 0.00 0.08 0.01 Bravada Gold* O 522 0.11 0.10 0.11 - 0.01 0.19 0.03 Bravada Gold V 289 0.15 0.14 0.14 - 0.02 0.25 0.05 Braveheart Res* O 251 0.08 0.06 0.08 + 0.00 0.13 0.03 Braveheart Res V 549 0.10 0.10 0.10 + 0.01 0.17 0.05 Bravo Multinat* O 102 0.14 0.08 0.14 + 0.04 0.45 0.05 Brazil Min* O 7403 0.00 0.00 0.00 + 0.00 Brigadier Gold* O 630 0.22 0.19 0.21 + 0.01 0.45 0.07 Brigadier Gold V 1751 0.28 0.24 0.27 - 0.01 0.62 0.05 BrightRock* O 2326 0.03 0.01 0.02 + 0.01 0.04 0.00 Britannia Mng* O 117 0.01 0.00 0.01 + 0.00 0.03 0.00

(100s)

Exc Volume

Week High

Low

Last Change

12-month

High Low

Stock

Brixton Metals V 2630 0.34 0.29 0.30 - 0.05 0.57 0.08 0.23 - 0.04 0.42 0.05 Brixton Metals* O 1741 0.28 0.22 Brunswick Expl V 960 0.22 0.19 0.22 + 0.03 0.27 0.05 0.02 - 0.00 0.06 0.02 Bryn Res* O 10 0.02 0.02 0.14 - 0.02 1.00 0.00 BTU Metals* O 120 0.15 0.13 BTU Metals V 1138 0.20 0.17 0.19 unch 0.00 0.49 0.09 Buenaventura* N 8535 12.98 11.32 11.36 - 1.48 Buffalo Coal V 111 0.01 0.01 0.01 unch 0.00 0.02 0.01 Bullfrog Gold* O 1278 0.25 0.21 0.22 - 0.02 0.28 0.05 Bullfrog Gold C 737 0.32 0.28 0.29 - 0.03 0.36 0.08 0.06 - 0.01 0.15 0.01 Bullion Gold* O 1 0.06 0.00 Bunker Hill C 186 0.52 0.47 0.50 - 0.02 1.01 0.10 Bushveld Min* O 74 0.24 0.15 0.23 - 0.02 0.45 0.00 0.03 unch 0.00 0.06 0.02 BWR Explor V 420 0.03 0.03

C C3 Metals V 262 C3 Metals* O 0 Cabral Gold* O 117 Cabral Gold V 905 Cache Explor V 552 Cache Explor* O 1 Cadillac Vent V 90 Caelan Capital* O 4 Caldas Gold* O 170 Caldas Gold V 339 Caledonia Mng* X 329 Calibre Mng* O 556 Calibre Mng T 4832 California Gld* O 5 California Gld C 60 Callinex Mines* O 162 Callinex Mines V 88 Cameco Corp* N 11563 Cameco Corp T 4926 Cameo Cobalt* O 17 Camino Min V 343 Camino Min* O 75 Camrova Res* O 4 V 1070 Canada Carbon Canada Carbon* O 111 Canada Coal V 736 Canada Nickel V 986 Canada Nickel* O 256 Canada One V 5 Canada One* O 5 Canada Rare V 112 Canada Rare* O 165 Canada Silver V 529 Canada Silver* O 388 Canadian Metal* O 3 Canadian Metal C 90 O 46 Canadian Prem* Canadian Prem V 37 Canadian Silv V 141 CanAlaska Uran* O 430 V 684 CanAlaska Uran Canamex Gold* O 0 Canarc Res T 1595 Canarc Res* O 684 Canasil Res V 399 Candelaria Mg* O 5 Candelaria Mg V 36 Candente Coppr T 463 Candente Gold* O 1 Candente Gold V 1072 CANEX Metals * O 93 CANEX Metals V 158 CaNickel Mng V 4 CaNickel Mng* O 0 Canoe Mng Vent V 37 Canstar Res* O 40 Canstar Res V 92 Canterra Mnls* O 1 Canterra Mnls V 124 Cantex Mn Dev* O 8 Cantex Mn Dev V 169 Canuc Res V 220 Canuc Res* O 308 Capella Min* O 42 Capella Min V 643 Capitan Mining V 164 Capitan Mining* O 78 Capstone Mng T 2751 Cardero Res V 807 Cardero Res* O 7 Cardinal Res* O 53 Cardinal Res T 110 Cariboo Rose V 124 Carlin Gold V 362 Carlyle Comm* O 2 Carrara Explor C 2350 Cartier Iron C 342 Cartier Res* O 442 Cartier Res V 565 Casa Minerals V 303 Cascadero Copp V 213 Cassiar Gold V 459 Cassius Vents V 40 Castle Peak Mg V 5 CAT Strategic C 982 Cdn Goldcamps C 493 Cdn Goldcamps* O 2 Cdn Palladium* O 749 Cdn Palladium C 586 CellCube Enrgy* O 395 Centamin T 748 Centaurus Diam* O 21 Centerra Gold T 7648 Central Afric* O 8 Central Afric V 173 Central Iron V 208 Century Cobalt* O 3 Century Global* O 5 Century Global T 15 Cerro de Pasc * O 43 Cerro de Pasc C 236 Cerro Grande* O 0 Cerro Grande C 69 Cerro Mng V 77 Ceylon Graph V 3386 Chakana Copper V 1199 Chakana Copper* O 795 Chalice Gold M* O 42 O 5 Champion Bear* Champion Bear V 56 O 40 Champion Iron* Champion Iron T 3955 Chatham Rock V 115 Chesapeake Gld* O 169 Chesapeake Gld V 176 Chevron Corp* N 70443 Chiboug Ind Mn V 50 Chilean Metals* O 58 Chilean Metals V 197 China Gold Int T 702 Clarity Gold C 60 Class 1 Nickel C 26 Clean Air Met V 251 Clean Comm* O 36 Cleghorn Mnls V 125 Cleveland-Clif* N 35474 Cliffmont Res V 48 Clifton Mng* O 159 CMC Metals V 1362 CMC Metals* O 171 CNRP Mng C 1748 Cobalt Block* O 54 Cobalt Block V 67 22610 Coeur Mng* N Colibri Res* O 38 Colibri Res V 1655 Colombia Crest* O 0 Colombia Crest V 15 Colonial Coal V 256 Commander Res V 427 Commerce Res V 75 Commerce Res* O 65 Compass Gold V 237 Compass Gold* O 39 Compliance Egy* O 2 X 2036 Comstock Mng* Comstock Mtls V 20 Comstock Mtls * O 69 Condor Gold* O 5 Condor Gold T 46 Condor Res* O 2602 Condor Res V 2743 Confedertn Ml* O 25 Confedertn Mls V 344 Conic Metals V 398 Conic Metals* O 188 Conquest Res V 212 Conquest Res * O 6

0.08 0.00 0.08 + 0.01 0.09 0.01 0.05 0.00 0.05 unch 0.00 0.06 0.03 0.48 0.41 0.44 - 0.03 0.70 0.05 0.60 0.55 0.60 - 0.01 0.88 0.07 0.24 0.21 0.23 + 0.03 0.24 0.04 0.16 0.00 0.16 + 0.02 2.08 0.00 0.03 0.03 0.03 unch 0.00 0.05 0.01 0.24 0.00 0.20 + 0.08 0.30 0.06 1.76 1.48 1.63 - 0.12 9.60 1.30 2.30 2.00 2.06 - 0.25 3.07 1.30 17.90 15.70 15.91 - 1.11 29.39 6.51 2.15 1.83 1.88 - 0.27 2.15 0.00 2.77 2.39 2.45 - 0.34 2.80 0.46 0.12 0.00 0.11 + 0.01 0.30 0.08 0.16 0.14 0.16 + 0.01 0.40 0.11 2.49 1.99 2.40 + 0.20 3.10 0.22 3.27 2.71 3.17 + 0.32 4.15 0.32 10.32 9.48 9.64 + 0.32 12.33 5.30 13.47 12.30 12.66 + 0.48 16.71 7.69 0.13 0.11 0.11 - 0.01 0.25 0.00 0.19 0.18 0.18 unch 0.00 0.19 0.05 0.15 0.00 0.14 + 0.00 0.15 0.03 0.02 0.02 0.02 unch 0.00 0.10 0.00 0.24 0.19 0.19 - 0.06 0.39 0.05 0.19 0.18 0.18 - 0.01 0.28 0.05 0.07 0.05 0.06 - 0.01 0.07 0.01 2.10 1.96 2.04 - 0.01 3.00 0.38 1.60 1.51 1.56 unch 0.00 2.24 0.67 0.05 0.00 0.05 unch 0.00 0.06 0.02 0.04 0.03 0.03 - 0.01 0.05 0.01 0.06 0.05 0.05 - 0.01 0.08 0.03 0.05 0.04 0.04 - 0.01 0.06 0.02 0.58 0.52 0.53 - 0.05 0.73 0.25 0.44 0.40 0.40 - 0.05 0.57 0.18 0.05 0.05 0.05 unch 0.00 0.15 0.05 0.12 0.08 0.12 + 0.04 0.31 0.01 0.16 0.13 0.15 + 0.02 0.39 0.12 0.21 0.14 0.18 + 0.04 0.85 0.10 0.09 0.00 0.07 - 0.01 0.16 0.06 0.18 0.14 0.17 + 0.02 0.21 0.06 0.23 0.19 0.23 + 0.04 0.27 0.09 0.00 0.00 0.04 unch 0.00 0.07 0.00 0.15 0.14 0.14 - 0.03 0.18 0.03 0.13 0.10 0.11 - 0.02 0.14 0.02 0.13 0.10 0.11 - 0.01 0.26 0.05 0.39 0.00 0.39 - 0.07 0.46 0.03 0.58 0.45 0.49 - 0.10 0.66 0.05 0.09 0.08 0.08 - 0.01 0.12 0.02 0.06 0.04 0.04 unch 0.00 0.08 0.01 0.07 0.05 0.05 - 0.01 0.11 0.01 0.13 0.00 0.13 + 0.01 0.25 0.07 0.18 0.16 0.16 - 0.03 0.33 0.10 0.12 0.00 0.12 + 0.01 0.27 0.04 0.00 0.00 0.10 unch 0.00 0.19 0.04 0.15 0.15 0.15 unch 0.00 0.30 0.10 0.21 0.21 0.21 unch 0.00 0.26 0.00 0.30 0.27 0.29 + 0.02 0.33 0.02 0.12 0.12 0.12 unch 0.00 0.16 0.12 0.15 0.15 0.15 unch 0.00 0.30 0.05 0.85 0.82 0.82 - 0.03 1.33 0.33 1.17 1.00 1.05 - 0.08 1.79 0.46 0.25 0.22 0.22 unch 0.00 0.26 0.03 0.17 0.00 0.16 unch 0.00 0.18 0.03 0.08 0.05 0.08 + 0.02 0.08 0.02 0.10 0.08 0.10 + 0.02 0.10 0.02 0.30 0.26 0.30 - 0.02 0.50 0.25 0.23 0.20 0.20 - 0.03 2.00 0.16 1.89 1.73 1.77 - 0.07 1.89 0.33 0.05 0.00 0.05 - 0.01 0.07 0.02 0.04 0.00 0.04 + 0.00 0.05 0.01 0.72 0.70 0.70 - 0.02 0.78 0.15 0.98 0.96 0.96 - 0.01 1.05 0.20 0.07 0.07 0.07 unch 0.00 0.10 0.04 0.05 0.03 0.05 + 0.02 0.07 0.01 0.14 0.12 0.12 - 0.01 0.33 0.00 0.04 0.03 0.04 unch 0.00 0.10 0.01 0.13 0.10 0.13 + 0.02 0.13 0.03 0.22 0.19 0.19 - 0.02 0.30 0.05 0.29 0.25 0.27 - 0.01 0.33 0.07 0.12 0.11 0.12 + 0.02 0.14 0.02 0.05 0.04 0.04 - 0.01 0.06 0.01 0.65 0.55 0.59 - 0.05 1.20 0.23 0.08 0.08 0.08 unch 0.00 0.10 0.04 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.04 0.00 0.03 unch 0.00 0.04 0.01 0.15 0.13 0.13 - 0.02 0.55 0.10 0.18 0.10 0.10 - 0.08 0.35 0.18 0.10 0.07 0.08 - 0.01 0.18 0.03 0.13 0.11 0.12 unch 0.00 0.23 0.06 0.03 0.02 0.03 + 0.00 0.08 0.01 2.42 1.93 2.02 - 0.24 4.04 1.52 0.04 0.03 0.03 unch 0.00 13.22 11.91 12.12 - 1.51 19.59 5.52 0.21 0.20 0.20 - 0.02 0.34 0.02 0.32 0.00 0.25 - 0.06 0.43 0.05 0.05 0.00 0.05 - 0.01 0.25 0.01 0.02 0.01 0.02 + 0.00 0.04 0.00 0.14 0.14 0.14 unch 0.00 0.15 0.05 0.18 0.18 0.18 - 0.01 0.19 0.05 0.29 0.28 0.29 - 0.00 0.41 0.18 0.39 0.37 0.38 - 0.02 0.54 0.24 0.00 0.00 0.02 unch 0.00 0.05 0.00 0.03 0.02 0.02 unch 0.00 0.06 0.01 0.60 0.47 0.60 + 0.09 0.60 0.07 0.30 0.16 0.30 + 0.14 0.30 0.06 0.60 0.50 0.54 unch 0.00 0.80 0.08 0.46 0.39 0.42 + 0.00 0.61 0.05 2.56 2.24 2.44 + 0.28 2.56 0.08 0.08 0.08 0.08 unch 0.00 0.16 0.07 0.15 0.11 0.12 + 0.02 0.27 0.09 2.95 2.86 2.92 + 0.12 2.80 0.77 4.20 3.60 4.15 + 0.54 3.87 0.96 0.07 0.07 0.07 - 0.01 0.32 0.06 4.10 3.46 3.56 - 0.49 5.75 1.01 5.25 4.54 4.63 - 0.73 7.61 1.40 84.49 78.26 83.03 + 11.88 122.94 51.60 0.14 0.14 0.14 + 0.01 0.17 0.05 0.16 0.00 0.13 - 0.03 0.19 0.01 0.21 0.16 0.17 - 0.01 0.29 0.03 2.00 1.73 1.89 + 0.07 2.00 0.45 1.24 1.16 1.24 unch 0.00 1.30 0.22 1.10 0.75 1.10 + 0.38 1.10 0.50 0.33 0.31 0.31 - 0.01 0.47 0.27 0.15 0.14 0.14 - 0.01 0.21 0.01 0.09 0.09 0.09 unch 0.00 0.12 0.03 9.07 8.10 8.50 + 0.14 9.04 2.63 0.10 0.08 0.08 unch 0.00 0.13 0.05 0.16 0.14 0.15 - 0.01 0.23 0.07 0.13 0.11 0.12 - 0.02 0.17 0.03 0.11 0.09 0.09 - 0.01 0.12 0.02 0.54 0.40 0.48 - 0.05 0.55 0.06 0.04 0.03 0.04 + 0.00 0.06 0.02 0.05 0.00 0.05 + 0.01 0.08 0.03 8.27 7.22 8.15 - 0.74 9.25 1.98 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.07 0.05 0.07 + 0.02 0.10 0.04 0.00 0.00 0.12 unch 0.00 0.23 0.05 0.24 0.00 0.23 + 0.01 0.34 0.05 0.80 0.72 0.75 - 0.05 0.92 0.21 0.14 0.13 0.14 - 0.01 0.16 0.05 0.23 0.21 0.23 + 0.02 0.38 0.11 0.17 0.15 0.17 - 0.00 0.26 0.07 0.25 0.00 0.25 + 0.01 0.65 0.14 0.19 0.18 0.18 + 0.00 0.50 0.10 0.00 0.00 0.00 unch 0.00 0.00 0.00 1.11 1.00 1.09 + 0.03 2.12 0.23 0.18 0.17 0.17 + 0.01 0.18 0.08 0.14 0.13 0.13 - 0.02 0.17 0.01 0.57 0.54 0.54 - 0.03 2.59 0.03 0.78 0.76 0.78 - 0.02 1.40 0.34 0.25 0.15 0.18 - 0.04 0.50 0.02 0.31 0.21 0.23 - 0.09 0.44 0.04 1.34 1.16 1.22 - 0.09 2.06 0.11 1.67 1.50 1.57 - 0.14 2.78 0.21 0.30 0.25 0.27 - 0.03 0.48 0.12 0.23 0.19 0.21 - 0.00 0.35 0.09 0.20 0.19 0.20 unch 0.00 0.36 0.04 0.15 0.14 0.15 + 0.01 0.26 0.14

(100s)

Exc Volume

Week High

Low

Last Change

12-month High Low

0.02 0.27 + 0.07 0.30 Cons Woodjam V 1741 0.30 0.20 3.00 3.16 + 0.25 11.92 2.78 3.33 449 CONSOL Coal Rs* N 4.25 4.49 + 0.45 15.15 3.35 4.79 1481 CONSOL Energy* N 8.31 9.92 + 1.18 14.19 4.26 10.31 CONSOL Energy* N 28144 0.09 0.14 - 0.00 0.20 O 9 0.14 0.13 Constantine Mt* 0.12 0.17 - 0.01 0.29 Constantine Mt V 49 0.18 0.17 0.00 0.10 - 0.01 1.00 Contact Gold* O 344 0.11 0.10 0.08 0.14 - 0.02 0.28 Contact Gold V 1052 0.15 0.14 - 0.00 0.01 0.01 0.02 170 Contact Mnrls* O 0.05 unch 0.00 0.27 0.12 CopAur Min V 19 0.15 0.12 0.20 0.01 0.11 0.12 unch 0.00 0.12 525 Copper Fox Mtl V 0.14 0.03 0.08 0.09 + 0.01 0.10 84 Copper Fox Mtl* O 0.03 0.01 0.02 0.02 unch 0.00 0.02 153 Copper Lake Rs V 1.32 0.28 - 0.11 1.13 1.16 1.32 5333 Copper Mtn Mng T 0.98 0.19 - 0.09 0.86 0.88 1.00 467 Copper Mtn Mng* O 0.05 0.01 0.03 0.04 + 0.01 0.04 9 Copper North M* O 0.07 0.01 0.05 0.06 + 0.01 0.06 344 Copper North M V 0.69 0.01 - 0.00 0.11 0.13 0.16 418 O Copper One * 0.10 unch 0.00 0.24 0.18 C 809 0.19 0.17 Copperbank Res 0.12 0.14 + 0.00 0.18 O 505 0.15 0.13 Copperbank Res* 1.03 0.18 0.71 0.84 + 0.01 0.94 407 O Coral Gold * 0.26 1.11 + 0.01 1.34 Coral Gold V 375 1.15 0.92 0.05 0.10 - 0.01 0.14 Cordoba Mnls V 223 0.11 0.09 0.03 0.07 - 0.00 0.10 Cordoba Mnls* O 61 0.07 0.07 0.07 0.08 + 0.01 0.20 Core Assets C 62 0.08 0.08 1.36 5.96 + 0.17 6.53 V 64 6.00 5.40 Cornerstone Ca 1.07 4.55 + 0.03 5.00 O 47 4.65 4.10 Cornerstone Ca* 0.38 0.08 0.14 0.17 + 0.02 0.17 68 O Corsa Coal * 0.12 0.19 - 0.03 0.51 Corsa Coal V 44 0.20 0.19 0.20 0.22 + 0.02 0.35 Cortus Metals V 38 0.22 0.20 0.72 2.56 - 0.16 3.29 Corvus Gold* D 1094 2.67 2.41 0.99 3.35 - 0.16 4.26 Corvus Gold T 703 3.49 3.13 0.04 0.11 - 0.02 0.22 Crest Resource C 884 0.12 0.11 0.08 0.09 - 0.01 0.12 O 178 0.10 0.08 Crest Resource* 0.29 0.40 - 0.04 2.60 Crestview Expl C 241 0.45 0.29 0.16 0.65 - 0.06 0.79 Critical Elem* O 504 0.79 0.63 0.17 0.86 - 0.04 1.02 Critical Elem V 1788 1.02 0.83 0.25 unch 0.00 0.34 0.25 Cross River* O 0 0.00 0.00 0.17 0.40 - 0.10 0.50 Cross River C 1224 0.48 0.38 0.02 0.10 + 0.01 0.10 Crown Mining V 258 0.10 0.08 0.01 unch 0.00 0.07 0.06 Crown Mining* O 1 0.06 0.06 0.01 0.03 - 0.01 0.05 Cruz Cobalt* O 158 0.04 0.00 0.03 unch 0.00 0.07 0.05 Cruz Cobalt C 110 0.05 0.04 0.00 0.01 - 0.00 0.10 Crystal Peak* O 54 0.01 0.01 0.01 0.01 - 0.01 0.13 Crystal Peak V 180 0.02 0.01 0.00 unch 0.00 0.05 0.00 CTGX Mining* O 0 0.00 0.00 0.03 0.01 0.00 0.03 unch 0.00 0.00 0 Currie Rose Rs* O 0.06 0.02 0.04 0.05 + 0.02 0.06 79 Currie Rose Rs V 0.21 0.03 - 0.01 0.04 0.04 0.05 25 V CWN M’g Acq 0.06 0.24 - 0.06 0.32 Cyon Explor V 427 0.29 0.20 0.08 0.45 + 0.02 0.64 Cypress Dev* O 538 0.51 0.40 0.11 unch 0.00 0.84 0.58 Cypress Dev V 1317 0.67 0.52

D-F Dajin Lithium* O 311 Dajin Res V 269 283 Dakota Ter Res* O Danakali* O 400 Debut Dmds C 3 Decade Res V 9405 15128 Decade Res* O O 21 Deep-South Res* V 761 Deep-South Res DeepRock Min C 850 O 205 Defense Metals* Defense Metals V 142 Defiance Silvr V 1330 Defiance Silvr* O 1047 Delrand Res V 17 Denison Mines T 2650 X 5215 Denison Mines* Desert Gold* O 29 Desert Gold V 3424 168 Desert Mtn Egy V Diamante Min* O 25 Diamcor Mng V 137 Diamcor Mng* O 98 Diamond Disc* O 1650 O 25 Diamond Fields* V 12 Diamond Fields V 289 Dios Expl Discovery Harb V 741 O 39 Discovery Harb* Discovery Met V 3033 Discovery Met* O 1323 10104 Discovery Min* O V 50 Discovery-Corp District Cop V 185 District Cop* O 74 District Metal* O 54 District Metal V 324 District Mines V 140 Ditem Explor* O 270 Diversified Rs* O 33 Dixie Gold V 127 DNI Metals* O 27 Dolat Ventures* O 13 576 O Dolly Vard Sil* 555 V Dolly Vard Sil Dore Copper V 65 V 1111 Doubleview Gld O 99 Doubleview Gld* DRDGOLD* N 1997 3360 Dundee Prec Mt T Durango Res* O 114 Durango Res V 234 DV Resources V 450 207 Dynacor Gld Mn T 39 Dynacor Gld Mn* O Dynamic Gold* O 9 O 23 DynaResource* Dynasty Gold V 74 Dynasty Gold* O 3 E3 Metals* O 1316 E3 Metals V 3350 C 103 E79 Res O 20 Eagle Graphite* Eagle Graphite V 178 Eagle Plains V 336 100 O East Africa * 425 V East Africa Eastern Platin T 41 Eastern Platin* O 8 Eastfield Res* O 43 Eastfield Res V 1519 Eclipse Gold V 634 Eclipse Gold* O 277 6 O Eco Oro Mnls* 77 C Eco Oro Mnls C 3148 Edgemont Gold O 20 Edgewater Expl* V 747 Edgewater Expl Edison Cobalt* O 0 Edison Cobalt V 556 1377 El Capitan Prc* O 10 O El Nino Vent* 278 V El Nino Vent 138 Elcora Adv Mat V Elcora Res* O 138 Eldorado Gold* N 13038 Eldorado Gold T 4830 Eloro Res V 389 Eloro Res* O 121 721 V Ely Gold Royal 1077 Ely Gold Royal* O Elysee Dev V 122 54 O Elysee Dev * Emerita Res V 4487 Emerita Res* O 34 O 803 Emgold Mining* Emgold Mining V 2356 EMX Royalty* X 1025 EMX Royalty V 102 O 19 Encanto Potash* V 54 Encanto Potash EnCore Energy V 948 O 135 Endeavour Mng* Endeavour Mng T 4051 11006 Endeavr Silver* N Endeavr Silver T 2686 O 8 Endurance Gold* V 247 Endurance Gold Enduro Metals V 2490 Enduro Metals* O 452 Energy Fuels T 1357 Energy Fuels* X 7504 Engineer Gold V 285 Engold Mines V 388 Engold Mines* O 153 O 80 Ensurge* Entree Res* O 269 Entree Res T 304 7906 X Equinox Gold* Equinox Gold T 5443

0.01 0.04 - 0.00 0.06 0.05 0.04 0.02 0.05 - 0.01 0.08 0.07 0.05 0.96 0.06 - 0.02 0.41 0.45 0.47 0.16 0.27 - 0.01 0.47 0.30 0.24 0.07 unch 0.00 0.23 0.15 0.15 0.00 0.01 0.06 - 0.02 0.14 0.08 0.06 0.00 0.05 - 0.01 0.10 0.06 0.04 0.02 0.08 - 0.01 0.12 0.08 0.08 0.03 0.11 - 0.01 0.16 0.11 0.10 0.01 0.05 + 0.01 0.07 0.06 0.03 0.03 0.14 - 0.00 0.23 0.15 0.12 0.07 0.18 - 0.01 0.25 0.19 0.17 0.06 0.85 + 0.05 0.92 0.92 0.72 0.03 0.63 + 0.02 0.63 0.69 0.55 0.08 0.10 - 0.01 0.62 0.10 0.00 0.24 0.47 + 0.02 0.75 0.50 0.45 0.19 0.35 + 0.01 0.58 0.38 0.34 0.05 0.14 + 0.02 0.26 0.14 0.11 0.05 0.18 + 0.02 0.35 0.20 0.16 2.11 0.14 - 0.04 1.77 1.85 1.94 0.01 0.01 + 0.00 0.03 0.01 0.01 0.06 unch 0.00 0.20 0.08 0.08 0.07 0.05 0.06 - 0.00 0.15 0.06 0.06 0.00 0.00 - 0.00 0.01 0.00 0.00 0.04 unch 0.00 0.17 0.09 0.09 0.09 0.09 unch 0.00 0.25 0.12 0.12 0.12 0.03 0.12 + 0.01 0.24 0.12 0.10 0.03 0.07 - 0.01 0.18 0.09 0.06 0.02 0.05 - 0.00 0.14 0.07 0.05 0.22 1.89 - 0.20 2.84 2.04 1.75 0.16 1.44 - 0.17 2.14 1.56 1.35 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.07 unch 0.00 0.14 0.08 0.08 0.08 0.01 unch 0.00 0.03 0.01 0.02 0.00 0.00 unch 0.00 0.02 0.01 0.01 0.01 0.08 0.26 - 0.03 0.31 0.27 0.00 0.08 0.34 - 0.02 0.47 0.36 0.33 0.06 unch 0.00 0.14 0.11 0.12 0.11 0.00 0.00 - 0.00 0.01 0.00 0.00 0.00 0.00 + 0.00 0.03 0.00 0.00 0.07 0.20 - 0.01 0.28 0.21 0.17 0.00 unch 0.00 0.05 0.01 0.01 0.00 0.03 0.05 + 0.00 0.13 0.08 0.05 0.91 0.12 - 0.05 0.60 0.63 0.69 1.17 0.17 - 0.06 0.80 0.83 0.90 0.45 0.62 - 0.06 1.65 0.68 0.61 0.04 0.26 - 0.01 0.34 0.30 0.26 0.04 0.20 + 0.01 0.26 0.22 0.20 3.06 11.13 - 2.51 18.05 12.19 10.68 - 0.88 10.73 3.20 8.24 8.83 9.36 0.03 0.10 - 0.01 0.13 0.12 0.10 0.04 0.12 - 0.03 0.18 0.15 0.12 0.05 unch 0.00 0.20 0.10 0.10 0.10 2.62 0.99 1.82 1.92 + 0.04 1.95 1.98 0.70 1.40 1.44 + 0.02 1.47 1.10 2.00 + 0.40 3.00 3.00 0.00 0.24 0.88 - 0.12 1.10 0.95 0.76 0.04 0.08 - 0.02 0.14 0.10 0.00 0.03 0.06 - 0.02 0.11 0.08 0.06 0.11 0.94 + 0.41 0.59 1.06 0.51 0.19 1.22 + 0.52 1.40 1.40 0.66 0.02 0.82 + 0.02 0.82 0.82 0.70 0.01 0.03 - 0.01 0.06 0.03 0.03 0.02 0.06 + 0.01 0.08 0.06 0.05 0.07 0.16 - 0.01 0.18 0.16 0.15 0.15 0.07 - 0.01 0.14 0.14 0.14 0.24 0.08 - 0.02 0.00 0.17 0.19 0.18 0.38 + 0.02 0.72 0.38 0.38 0.12 0.29 - 0.00 0.44 0.29 0.28 0.02 0.06 + 0.01 0.05 0.06 0.00 0.03 0.08 + 0.02 0.09 0.09 0.06 0.40 0.67 - 0.08 0.96 0.79 0.66 0.31 0.52 - 0.06 0.80 0.60 0.52 0.08 0.02 0.04 0.05 + 0.01 0.05 0.10 0.03 - 0.01 0.06 0.06 0.07 0.10 0.12 - 0.03 0.15 0.15 0.10 0.02 0.17 + 0.01 0.16 0.17 0.14 0.04 unch 0.00 0.22 0.22 0.22 0.21 0.01 unch 0.00 0.05 0.02 0.02 0.02 0.02 unch 0.00 0.05 0.03 0.03 0.03 0.02 0.01 - 0.00 0.01 0.01 0.01 0.05 0.01 0.03 0.03 unch 0.00 0.03 0.07 0.02 0.03 0.03 + 0.01 0.03 0.19 0.02 0.00 0.10 + 0.02 0.10 0.01 0.07 - 0.00 0.14 0.08 0.07 4.60 13.56 - 0.79 14.49 13.96 12.93 6.29 17.79 - 0.93 18.90 18.33 16.78 0.19 1.93 + 0.08 1.95 1.95 1.65 0.14 1.47 + 0.04 1.48 1.48 1.29 2.09 0.36 - 0.12 1.19 1.19 1.37 1.54 0.26 - 0.10 0.88 0.91 1.10 0.28 0.50 + 0.01 0.54 0.50 0.00 0.45 0.19 0.34 0.37 + 0.00 0.39 0.02 0.16 + 0.01 0.40 0.18 0.13 0.15 0.13 - 0.03 0.23 0.16 0.13 0.03 0.09 - 0.03 0.12 0.12 0.09 0.03 0.13 - 0.02 0.16 0.15 0.12 1.18 3.03 + 0.04 3.33 3.08 2.76 1.54 3.99 + 0.11 4.40 4.00 3.66 0.01 0.04 + 0.00 0.08 0.04 0.03 0.01 0.06 - 0.02 0.10 0.06 0.06 0.08 0.44 + 0.03 0.53 0.44 0.39 11.02 23.50 - 3.15 30.33 26.08 21.84 15.68 30.94 - 4.06 39.21 33.80 28.99 0.99 3.70 - 0.46 4.79 3.84 3.50 1.30 4.87 - 0.54 6.40 5.00 4.58 0.02 unch 0.00 0.13 0.13 0.13 0.13 0.03 unch 0.00 0.17 0.16 0.17 0.15 0.05 0.23 - 0.02 0.38 0.25 0.22 0.04 0.18 - 0.01 0.28 0.19 0.17 1.10 2.28 + 0.17 3.29 2.48 2.08 0.78 1.73 + 0.11 2.35 1.89 1.60 0.03 0.08 - 0.02 0.21 0.09 0.08 0.02 unch 0.00 0.08 0.05 0.05 0.04 0.02 0.04 + 0.00 0.06 0.04 0.04 0.01 unch 0.00 0.06 0.04 0.04 0.04 0.16 0.31 - 0.03 0.40 0.34 0.30 0.23 0.42 - 0.02 0.53 0.45 0.41 - 1.09 13.66 4.63 9.93 10.43 11.00 6.60 13.66 - 1.36 17.99 14.25 12.94

GLOBAL MINING NEWS

Stock

(100s)

Exc Volume

THE NORTHERN MINER / NOVEMBER 23–DECEMBER 6, 2020

Week High

Low

Last Change

12-month

High Low

Stock

Equitorial Ex V 382 0.26 0.20 0.25 + 0.02 0.30 0.05 Equitorial Ex* O 5 0.17 0.16 0.17 + 0.02 0.20 0.14 Equity Metals* O 778 0.17 0.13 0.14 + 0.00 0.20 0.03 0.19 + 0.01 0.28 0.04 Equity Metals V 1167 0.21 0.17 Erdene Res Dev T 833 0.46 0.42 0.44 - 0.03 0.71 0.13 Erdene Res Dev* O 335 0.36 0.33 0.33 - 0.02 0.55 0.09 0.03 - 0.00 0.04 0.02 Erin Ventures* O 37 0.03 0.03 Erin Ventures V 139 0.04 0.00 0.04 - 0.01 0.07 0.03 Ero Copper T 1044 21.05 19.05 20.65 + 1.30 23.93 8.40 O 49 16.00 0.00 16.00 + 2.32 18.22 5.92 Ero Copper* Eros Res Corp* O 77 0.07 0.06 0.07 + 0.00 0.11 0.04 V 262 0.09 0.08 0.09 + 0.01 0.17 0.06 Eros Res Corp Eros Res Corp V 262 0.09 0.08 0.09 + 0.01 0.17 0.06 Eskay Mng* O 237 0.88 0.77 0.79 - 0.05 0.94 0.09 1.04 - 0.05 1.23 0.11 Eskay Mng V 582 1.16 0.99 Essex Minerals V 237 0.40 0.31 0.32 - 0.08 0.92 0.10 0.15 - 0.02 0.28 0.05 Ethos Gold* O 940 0.18 0.12 Ethos Gold V 816 0.23 0.16 0.18 - 0.04 0.37 0.08 Etruscus Res C 91 0.34 0.31 0.33 - 0.01 0.48 0.12 V 1875 0.31 0.22 0.31 + 0.11 0.35 0.05 Euro Manganese Euro Sun Mg T 799 0.39 0.35 0.35 - 0.04 0.63 0.14 Euro Sun Mg* O 232 0.29 0.27 0.27 - 0.03 0.49 0.02 EurOmax Res* O 5 0.02 0.00 0.02 + 0.01 0.05 0.00 0.03 - 0.01 0.07 0.01 EurOmax Res T 736 0.04 0.03 European Elect* O 16 0.38 0.00 0.30 - 0.02 0.38 0.24 European Elect V 1 0.00 0.00 0.40 unch 0.00 0.60 0.05 European Metal* O 1 0.03 0.03 0.03 unch 0.00 1.00 0.00 Eurotin V 50 0.02 0.02 0.02 unch 0.00 0.04 0.01 Evergold V 55 0.42 0.39 0.42 - 0.01 0.95 0.19 Evergold* O 9 0.32 0.29 0.29 - 0.03 0.71 0.15 0.06 + 0.00 0.90 0.00 Everton Res* O 6 0.06 0.00 EVI Global Grp C 813 0.08 0.07 0.08 + 0.01 0.39 0.05 Evolving Gold C 73 0.07 0.00 0.07 unch 0.00 0.14 0.01 0.05 unch 0.00 0.11 0.00 Evolving Gold* O 25 0.05 0.05 Evrim Res V 479 0.38 0.31 0.38 + 0.05 0.62 0.19 Excellon Res T 233 3.88 3.43 3.63 - 0.39 6.15 1.55 Excellon Res* X 233 3.08 2.41 2.75 - 0.34 3.36 2.20 Excelsior Mng* O 344 0.64 0.50 0.63 + 0.14 0.94 0.30 Excelsior Mng T 760 0.84 0.65 0.84 + 0.21 1.23 0.42 ExGen Res Inc* O 0 0.00 0.00 0.01 - 0.09 0.14 0.02 ExGen Res Inc V 1577 0.10 0.01 0.10 unch 0.00 0.20 0.05 Explorex Res* O 18 6.21 5.90 6.18 + 0.27 6.21 0.00 Explorex Res C 29 8.10 7.55 8.10 + 0.41 8.10 3.49 Fairmile Gold* O 0 0.00 0.00 0.00 unch 0.00 0.00 0.00 Falco Res V 930 0.40 0.38 0.40 + 0.01 0.60 0.17 O 391 0.33 0.26 0.29 - 0.01 0.72 0.11 Falco Res * Falcon Gold V 2160 0.16 0.12 0.15 + 0.02 0.25 0.03 Falcon Gold* O 310 0.12 0.09 0.12 - 0.03 0.19 0.06 0.12 + 0.03 0.12 0.03 Fancamp Expl V 4548 0.12 0.09 Far Res C 2847 0.06 0.05 0.06 + 0.01 0.12 0.02 Far Res* O 71 0.04 0.04 0.04 - 0.00 0.08 0.01 FenixOro Gold* O 495 0.43 0.34 0.38 - 0.01 0.56 0.09 FenixOro Gold C 609 0.49 0.43 0.47 - 0.02 0.63 0.10 Fidelity Min* O 60 0.08 0.08 0.08 unch 0.00 0.09 0.02 Fidelity Min V 218 0.10 0.10 0.10 + 0.01 0.13 0.02 V 109 1.76 1.70 1.70 - 0.06 2.30 1.00 Filo Mg Corp Filo Mg Corp * O 10 1.40 0.00 1.30 - 0.09 1.70 0.77 Finlay Minrls V 155 0.13 0.10 0.10 - 0.03 0.15 0.02 0.10 + 0.03 0.29 0.05 Fiore Gold* O 91 0.10 0.06 Fiore Gold* O 305 1.23 1.14 1.17 - 0.08 1.33 0.19 Fiore Gold V 707 1.61 1.49 1.54 - 0.08 1.75 0.27 Fire River Gol* O 5 0.14 0.14 0.14 unch 0.00 0.90 0.00 FireFox Gold V 341 0.17 0.15 0.16 unch 0.00 0.25 0.04 FireFox Gold* O 30 0.13 0.11 0.13 + 0.01 0.19 0.10 Firestone Vent V 141 0.16 0.12 0.13 - 0.03 0.24 0.03 Fireweed Zinc V 886 1.16 1.00 1.03 - 0.01 1.31 0.31 Fireweed Zinc* O 105 0.90 0.76 0.80 + 0.04 0.97 0.21 Firma Holdings* O 536 0.04 0.02 0.03 unch 0.00 0.04 0.00 First Cobalt V 2130 0.14 0.12 0.14 + 0.02 0.18 0.08 First Cobalt * O 1364 0.11 0.09 0.11 + 0.01 0.13 0.05 0.18 unch 0.00 0.30 0.04 First Energy C 48 0.20 0.18 First Energy* O 66 0.15 0.13 0.15 + 0.01 0.21 0.02 First Majestic* N 28962 11.38 10.56 10.99 - 0.80 14.57 4.17 14.44 - 0.95 19.41 5.30 First Majestic T 5576 14.82 13.80 First Mg Fin * O 2075 0.36 0.33 0.34 - 0.01 0.47 0.09 First Mg Fin T 3626 0.46 0.43 0.45 - 0.02 0.60 0.12 First Point* O 172 0.45 0.39 0.41 + 0.04 0.64 0.08 First Quantum T 13449 17.43 14.80 16.12 + 0.64 17.43 4.71 First Vanadium V 704 0.55 0.48 0.50 - 0.07 0.61 0.13 First Vanadium* O 562 0.45 0.36 0.39 - 0.06 0.46 0.08 V 221 0.07 0.06 0.06 unch 0.00 0.11 0.03 Fission 3.0 Fission 3.0* O 105 0.05 0.00 0.04 - 0.00 0.08 0.02 Fission Uran* O 1395 0.22 0.18 0.20 - 0.01 0.38 0.07 0.26 - 0.01 0.49 0.10 Fission Uran T 3991 0.28 0.25 Five Star Diam V 236 0.03 0.03 0.03 + 0.01 0.05 0.01 Five Star Diam* O 50 0.03 0.03 0.03 unch 0.00 0.04 0.01 Fjordland Exp* O 168 0.07 0.06 0.07 + 0.01 0.08 0.02 Fjordland Exp V 92 0.08 0.08 0.08 - 0.02 0.12 0.03 Flow Metals C 50 0.07 0.06 0.07 + 0.01 0.20 0.05 Focus Graphite* O 1132 0.03 0.02 0.03 - 0.00 0.04 0.01 Focus Graphite V 2230 0.04 0.03 0.04 unch 0.00 0.04 0.01 Focus Minerals* O 9 0.26 0.26 0.26 unch 0.00 0.26 0.13 Fokus Mining V 1285 0.42 0.32 0.42 + 0.07 0.43 0.04 Foran Mng V 2005 0.30 0.24 0.30 + 0.08 0.30 0.08 Forsys Metals T 107 0.16 0.13 0.15 unch 0.00 0.22 0.06 V 2 0.00 0.00 0.17 unch 0.00 0.30 0.09 Fort St J Nick Fort St James* O 3 0.12 0.12 0.12 unch 0.00 0.12 0.08 Fortescue Met* O 523 13.20 11.99 12.10 unch 0.00 14.12 5.16 T 4755 9.98 9.19 9.36 - 1.12 10.55 2.05 Fortuna Silvr Fortuna Silvr* N 19108 7.67 7.03 7.12 - 0.93 8.11 1.47 Fortune Bay V 92 1.27 1.05 1.27 + 0.04 1.56 0.22 Fortune Bay* O 6 0.94 0.80 0.94 - 0.02 1.21 0.14 Fortune Mnrls* O 114 0.06 0.05 0.05 + 0.00 0.07 0.03 Fortune Mnrls T 400 0.07 0.06 0.07 unch 0.00 0.10 0.04 0.13 + 0.01 0.17 0.05 Forum Energy V 1467 0.13 0.12 Forum Energy* O 768 0.13 0.09 0.11 + 0.00 0.14 0.03 Fosterville V 1377 3.37 2.77 3.25 - 0.06 5.34 0.91 0.44 unch 0.00 0.45 0.10 Four Nines C 15 0.44 0.44 Fox River Res* O 3 0.06 0.06 0.06 + 0.00 0.07 0.03 Fox River Res C 5 0.09 0.00 0.09 unch 0.00 0.12 0.04 0.55 + 0.04 0.84 0.11 FPX Nickel V 366 0.56 0.52 Franco-Nevada T 2896 187.49 172.69 178.87 - 17.64 222.15 105.93 136.02 - 14.68 166.11 77.18 Franco-Nevada* N 4542 144.99 132.25 Franklin Mng* O 584 0.01 0.01 0.01 + 0.00 0.10 0.00 Freegold Vent T 8121 1.11 0.84 0.88 - 0.18 1.95 0.04 0.50 - 0.05 0.84 0.12 Freeman Gold C 2113 0.55 0.48 Freeman Gold* O 77 0.42 0.33 0.39 - 0.02 0.89 0.18 Freeport McMoR* N 114633 21.29 19.23 20.14 + 1.02 19.42 4.82 Freeport Res V 856 0.28 0.24 0.25 - 0.04 0.95 0.08 Fremont Gold V 641 0.07 0.06 0.07 - 0.01 0.17 0.04 Fresnillo plc* O 89 15.45 14.01 14.90 - 2.48 18.11 5.53 0.32 unch 0.00 0.35 0.14 Frontier Lith V 766 0.34 0.32 Frontline Gold V 1838 0.03 0.02 0.02 + 0.01 0.04 0.01 Fura Gems* O 1 0.11 0.11 0.11 unch 0.00 0.16 0.05 0.15 unch 0.00 0.21 0.05 Fura Gems V 20 0.15 0.15 Fury Gold* X 1230 1.49 1.31 1.49 + 0.03 2.66 0.71 1.93 + 0.04 7.78 1.44 Fury Gold T 1045 1.93 1.72 Fuse Cobalt* O 630 0.03 0.02 0.02 - 0.00 0.10 0.01 Fuse Cobalt V 770 0.03 0.03 0.03 - 0.01 0.14 0.02

G-H G2 Goldfields* O 30 G2 Goldfields V 248 Gabriel Res V 139 Gabriel Res* O 65 Gaia Metals* O 9 Gaia Metals V 608 Gainey Capital V 349 Galane Gold * O 410 Galane Gold V 575 Galantas Gold* O 0 Galantas Gold V 2 Galiano Gold T 922 Galiano Gold* X 7192 Galleon Gold* O 167 Galleon Gold V 2019 Galway Gold * O 47 Galway Gold V 250 Galway Mtls* O 182 Galway Mtls V 530 Gambier Gold* O 1 Gambier Gold V 257 Garibaldi Res * O 84 Garibaldi Res V 508 Gatling Explor V 218 Gatling Explor* O 373 General Moly T 1410 Generation Min* O 157 Generation Min T 998 Generic Gold* O 2 Generic Gold C 42 Genesis Mtls V 298 Genesis Mtls* O 89 Genius Metals C 62 Gensource Pot V 531 Geomega Res V 738 Geomega Res* O 41 Gespeg Res V 59 Getchell Gold * O 123 Getchell Gold C 190 Getty Copper V 212 GFG Resources V 357 GFG Resources* O 139 GFM Res V 40 GGL Res V 53 GGL Res* O 44 GGX Gold* O 19 GGX Gold V 24 Giga Metals* O 971 Giga Metals V 702 Gitennes Expl V 59

0.47 0.00 0.47 - 0.01 0.87 0.13 0.61 0.55 0.60 - 0.02 1.20 0.14 0.28 0.26 0.27 - 0.03 0.69 0.26 0.23 0.19 0.21 - 0.01 0.54 0.19 0.09 0.00 0.08 - 0.01 0.13 0.03 0.13 0.09 0.11 + 0.01 0.18 0.03 0.03 0.03 0.03 unch 0.00 0.09 0.02 0.18 0.15 0.18 + 0.02 0.30 0.03 0.24 0.19 0.23 + 0.02 0.41 0.05 0.00 0.00 0.19 unch 0.00 0.33 0.02 0.00 0.00 0.23 unch 0.00 0.45 0.03 1.68 1.57 1.57 - 0.23 2.80 0.80 1.30 1.20 1.21 - 0.16 2.12 0.56 0.10 0.08 0.09 - 0.01 0.14 0.02 0.12 0.11 0.11 - 0.02 0.20 0.03 3.95 0.00 0.10 - 0.01 3.95 0.06 0.19 0.12 0.12 - 0.02 0.39 0.08 1.03 0.92 1.01 - 0.04 1.57 0.21 1.35 1.20 1.31 - 0.05 2.09 0.29 0.16 0.16 0.16 unch 0.00 0.16 0.03 0.22 0.00 0.20 - 0.02 0.22 0.02 0.48 0.38 0.38 - 0.02 0.54 0.49 0.50 - 0.02 1.14 0.37 0.29 0.27 0.27 - 0.03 0.56 0.24 0.23 0.20 0.20 - 0.02 0.43 0.17 0.05 0.03 0.04 unch 0.00 0.54 0.03 0.42 0.38 0.40 + 0.01 0.62 0.15 0.54 0.50 0.52 - 0.01 0.61 0.39 0.33 0.33 0.33 unch 0.00 0.33 0.29 0.45 0.41 0.45 + 0.05 0.61 0.02 0.24 0.21 0.22 - 0.02 0.49 0.15 0.18 0.16 0.17 - 0.01 0.38 0.10 0.23 0.21 0.22 - 0.04 0.32 0.14 0.21 0.19 0.20 unch 0.00 0.23 0.07 0.21 0.18 0.20 + 0.01 0.23 0.09 0.15 0.14 0.15 - 0.00 0.17 0.06 0.10 0.09 0.10 unch 0.00 0.12 0.03 0.30 0.24 0.24 - 0.05 0.37 0.05 0.39 0.31 0.31 - 0.05 0.50 0.07 0.08 0.06 0.07 - 0.02 0.09 0.02 0.23 0.20 0.22 - 0.01 0.44 0.07 0.18 0.15 0.17 - 0.00 0.32 0.05 0.10 0.10 0.10 unch 0.00 0.15 0.05 0.28 0.23 0.28 + 0.06 0.39 0.03 0.22 0.00 0.22 + 0.03 0.25 0.02 0.13 0.13 0.13 + 0.01 0.22 0.05 0.17 0.00 0.17 + 0.02 0.30 0.05 0.53 0.43 0.45 - 0.04 1.84 0.09 0.66 0.56 0.59 - 0.05 2.44 0.13 0.13 0.11 0.11 - 0.02 0.55 0.05

(100s)

Exc Volume

Gitennes Expl * O 4 Giyani Gold* O 91 Giyani Gold V 402 GK Resources V 98 Glacier Lake* O 20 Glacier Lake V 105 Gldn Predator* O 147 Gldn Predator V 608 Glen Eagle Res* O 15 91 Glen Eagle Res V Glencore Plc * O 512 Glencore Plc* O 1182 Global Atomic* O 221 Global Atomic T 435 Global Battery* O 1 Global Battery V 378 Global Energy* O 307 Global Energy V 144 Global Gold* O 0 Global Li-Ion* O 14 Global Li-Ion C 47 GlobalMin Vent* O 1 Globex Mng* O 20 Globex Mng T 112 GMV Minerals* O 94 GMV Minerals V 40 GNCC Capital* O 29541 Go Cobalt* O 8 Go Cobalt C 65 GobiMin V 13 GoGold Res T 1004 Gold Basin Res C 35 Gold Bull Res* O 18 Gold Bull Res V 181 Gold Fields* O 36 Gold Fields* N 33150 Gold Finder Ex* O 312 Gold Finder Ex V 2036 Gold Lion Res C 495 Gold Lion Res* O 48 Gold Plus C 313 Gold Plus* O 6 Gold Port C 101 Gold Reserve* O 23 Gold Reserve V 11 Gold Resource* X 3978 Gold Rush Cari* O 2 Gold Rush Cari V 273 Gold Std Vents T 550 Gold Std Vents* X 2578 Gold X Mining V 258 Gold’n Futures C 186 Gold79 Mines V 402 Gold79 Mines* O 14 Goldbank Mng* O 2 Goldbank Mng V 2 Goldbelt Emp V 309 Goldblock Cap C 23 Goldcliff Res* O 185 Goldcliff Res V 224 Goldcore Res V 988 Golden Arrow* O 648 Golden Arrow V 966 Golden Band* O 608 Golden Birch C 376 Golden Cariboo V 50 Golden Dawn Ml* O 2 Golden Dawn Ml V 29 Golden Goliath V 1399 Golden Goliath* O 154 Golden Harp V 0 Golden Hope V 45 Golden Hope* O 5 Golden Lake C 114 Golden Mnls* X 5023 Golden Mnls T 400 Golden Pursuit* O 300 Golden Pursuit V 182 Golden Ridge V 44 Golden Secret V 331 Golden Share V 35 Golden Star* O 5 Golden Star T 180 Golden Star* X 1622 Golden Sun* O 4 Golden Tag V 2218 Golden Tag* O 841 Golden Valley V 27 Golden Valley* O 16 Goldex Res V 125 Goldex Res* O 16 Goldgroup Mng* O 175 T 349 Goldgroup Mng GoldHaven Res* O 230 Goldhills Hldg* O 0 Goldhills Hldg V 220 GoldMining T 1737 GoldON Res V 542 GoldON Res* O 177 GoldQuest Mng V 592 Goldrea Res C 623 Goldrea Res* O 21 Goldrich Mng* O 345 Goldseek Res C 37 Goldseek Res* O 1 Goldsource Min* O 223 Goldsource Min V 1342 Goldstar Mnls V 54 Goldstar Mnls* O 1 Goldstrike Res* O 4 Goldstrike Res V 15 Goliath Res V 1531 Goliath Res* O 80 Gossan Res V 579 O 660 GoviEx Uranium* GoviEx Uranium V 1154 Gowest Gold* O 29 Gowest Gold V 168 GPM Metals* O 15 GPM Metals V 36 GR Silver* O 525 GR Silver V 1452 Gran Colombia T 1460 Gran Colombia* O 210 Granada Gold V 461 Granada Gold* O 212 Grande Portage V 190 Grande Portage* O 105 Granite Creek* O 78 Granite Creek V 221 Graphite Egy* O 2 Graphite One* O 106 Graphite One V 95 Gratomic* O 126 Gratomic V 1585 Graycliff Exp C 250 Great Atlantic V 75 Great Bear Res V 218 Great Bear Res* O 69 Great Lakes Gr* O 375 Great Panther T 1173 Great Panther* X 6017 Great Thunder* O 243 Green River C 175 Green River* O 10 385 Green Swan Cap V 29 Green Valley M V Greencastle Rs V 271 Greenland M&En* O 482 Greenshield Ex V 25 Grenville Gold C 100 Grid Metals V 366 Grid Metals* O 201 Grizzly Discvr* O 20 Grizzly Discvr V 49 Grosvenor Res V 0 Group Eleven V 444 Group Ten Mtls* O 939 Group Ten Mtls V 1052 GrowMax Res* O 4 GSP Resource V 131 GT Gold V 1367 GT Gold * O 83 GTA Resources* O 0 Gungnir Res* O 21 Gungnir Res V 112 Gunpoint Expl* O 1 Gunpoint Expl V 3 Guyana Goldstr* O 32 Guyana Goldstr V 342 Handeni Gold* O 2 Hanna Capital V 224 Hannan Metals V 450 Hannan Metals* O 250 Hanstone Gold V 154 Happy Ck Mnrls V 241 Harfang Explor V 374 Harfang Explor* O 14 Harmony Gold* N 36697 Harte Gold T 1567 Harte Gold* O 92 Harvest Gold* O 9

Week High

Low

Last Change

12-month

High Low

Stock

0.12 0.12 0.12 unch 0.00 0.14 0.01 0.17 0.00 0.15 - 0.02 0.19 0.04 0.22 0.19 0.20 unch 0.00 0.28 0.04 0.11 0.11 0.11 unch 0.00 0.17 0.11 0.07 0.07 0.07 unch 0.00 0.13 0.07 0.11 0.00 0.09 - 0.02 0.25 0.05 0.21 0.17 0.20 - 0.03 0.37 0.11 0.28 0.24 0.25 - 0.03 0.48 0.15 0.05 0.05 0.05 unch 0.00 0.10 0.05 0.08 0.08 0.08 - 0.01 0.14 0.07 2.53 2.32 2.53 + 0.30 3.24 1.29 4.98 4.62 4.97 + 0.52 6.40 2.51 0.52 0.46 0.49 + 0.04 0.65 0.18 0.68 0.60 0.65 + 0.05 0.90 0.23 0.09 0.09 0.09 - 0.00 0.11 0.03 0.11 0.10 0.10 - 0.02 0.18 0.02 0.25 0.20 0.25 + 0.04 0.27 0.11 0.32 0.25 0.31 + 0.07 0.45 0.05 0.00 0.00 0.75 unch 0.00 2.35 0.55 0.10 0.08 0.08 - 0.02 0.13 0.03 0.12 0.10 0.10 - 0.01 0.19 0.03 0.08 0.08 0.08 unch 0.00 0.58 0.02 0.54 0.47 0.52 + 0.01 0.61 0.19 0.70 0.61 0.69 + 0.03 0.81 0.26 0.23 0.20 0.20 - 0.01 0.27 0.05 0.28 0.26 0.26 - 0.02 0.35 0.08 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.06 0.02 0.06 + 0.04 0.14 0.01 0.08 0.05 0.08 unch 0.00 0.16 0.02 0.27 0.21 0.21 unch 0.00 0.35 0.20 1.58 1.50 1.55 - 0.13 1.84 0.37 0.44 0.39 0.39 - 0.01 0.50 0.10 0.51 0.00 0.44 - 0.06 0.56 0.01 0.66 0.57 0.57 - 0.12 0.71 0.02 11.08 11.08 11.08 unch 0.00 15.00 4.09 11.51 10.41 10.63 - 2.25 14.90 3.79 0.05 0.00 0.05 - 0.00 0.13 0.02 0.06 0.06 0.06 unch 0.00 0.17 0.02 0.42 0.33 0.35 - 0.08 0.75 0.18 0.30 0.00 0.29 - 0.04 0.51 0.29 0.11 0.10 0.11 - 0.01 0.26 0.05 0.09 0.09 0.09 unch 0.00 0.18 0.09 0.18 0.00 0.15 - 0.03 0.30 0.04 1.50 1.17 1.45 + 0.11 2.02 1.05 1.88 1.53 1.88 + 0.38 2.70 1.50 3.12 2.86 3.04 - 0.01 6.24 2.02 0.01 0.01 0.01 unch 0.00 0.03 0.00 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.94 0.87 0.94 unch 0.00 1.50 0.46 0.71 0.67 0.70 - 0.01 1.14 0.27 3.48 3.23 3.28 - 0.16 4.62 0.75 0.18 0.00 0.18 unch 0.00 0.35 0.11 0.11 0.10 0.11 - 0.01 0.14 0.02 0.09 0.00 0.09 + 0.01 0.11 0.02 0.09 0.09 0.09 unch 0.00 0.14 0.06 0.00 0.00 0.15 unch 0.00 0.18 0.09 0.03 0.02 0.03 + 0.01 0.03 0.02 0.18 0.17 0.18 + 0.01 0.18 0.12 0.13 0.11 0.12 - 0.01 0.14 0.05 0.16 0.14 0.15 - 0.01 0.18 0.07 0.12 0.07 0.11 + 0.02 0.15 0.04 0.14 0.13 0.13 - 0.01 0.16 0.06 0.18 0.17 0.17 - 0.01 0.22 0.09 0.00 0.00 0.00 - 0.00 0.01 0.00 0.20 0.14 0.19 + 0.04 0.28 0.03 0.13 0.13 0.13 unch 0.00 0.15 0.02 0.09 0.09 0.09 unch 0.00 0.12 0.02 0.16 0.15 0.15 - 0.06 0.20 0.04 0.20 0.18 0.20 unch 0.00 0.38 0.04 0.29 0.12 0.15 - 0.01 0.32 0.02 0.00 0.00 0.23 unch 0.00 0.44 0.06 0.35 0.32 0.34 - 0.01 0.50 0.06 0.27 0.27 0.27 unch 0.00 0.36 0.05 0.17 0.00 0.17 - 0.02 0.36 0.07 0.49 0.45 0.46 - 0.05 0.58 0.13 0.65 0.58 0.59 - 0.08 0.80 0.20 0.17 0.13 0.13 unch 0.00 0.25 0.04 0.24 0.17 0.20 unch 0.00 0.38 0.04 0.21 0.00 0.19 - 0.02 0.33 0.08 2.50 2.18 2.49 + 0.31 2.50 0.66 0.13 0.12 0.12 unch 0.00 0.20 0.03 0.34 0.34 0.34 unch 0.00 0.60 0.17 5.49 4.96 5.17 - 0.34 6.89 2.56 4.16 3.80 3.94 - 0.28 5.20 1.85 0.01 0.00 0.01 + 0.00 0.01 0.00 0.49 0.36 0.49 + 0.06 0.49 0.03 0.37 0.27 0.37 + 0.04 0.60 0.03 8.30 7.86 8.00 - 0.29 8.32 3.10 6.43 6.04 6.20 - 0.09 6.43 5.15 0.08 0.07 0.08 + 0.01 0.12 0.06 0.06 0.06 0.06 + 0.00 0.09 0.04 0.03 0.03 0.03 - 0.01 0.07 0.01 0.05 0.04 0.04 - 0.01 0.10 0.02 0.34 0.29 0.34 - 0.00 0.45 0.11 0.00 0.00 0.01 unch 0.00 0.11 0.10 0.11 + 0.01 0.18 0.06 3.16 2.93 3.13 - 0.12 3.85 0.85 0.76 0.61 0.73 + 0.08 1.15 0.20 0.59 0.49 0.57 + 0.07 0.82 0.14 0.33 0.28 0.29 - 0.06 0.50 0.09 0.05 0.00 0.03 - 0.02 0.08 0.02 0.04 0.02 0.02 - 0.02 0.05 0.01 0.04 0.03 0.03 - 0.00 0.05 0.01 0.35 0.33 0.35 + 0.01 0.59 0.07 0.27 0.27 0.27 unch 0.00 0.43 0.27 0.10 0.09 0.09 - 0.01 0.14 0.04 0.13 0.12 0.13 unch 0.00 0.19 0.06 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.22 0.21 0.21 - 0.01 0.28 0.00 0.30 0.00 0.28 - 0.01 0.40 0.12 0.22 0.00 0.18 + 0.03 0.53 0.12 0.17 0.12 0.15 + 0.03 0.25 0.00 0.16 0.12 0.13 - 0.02 0.17 0.02 0.11 0.09 0.11 + 0.01 0.14 0.05 0.15 0.12 0.15 + 0.02 0.19 0.08 0.39 0.30 0.33 - 0.06 0.39 0.08 0.50 0.39 0.43 - 0.07 0.51 0.10 0.05 0.05 0.05 unch 0.00 0.07 0.02 0.06 0.06 0.06 unch 0.00 0.09 0.03 0.60 0.48 0.48 - 0.05 0.72 0.07 0.80 0.63 0.64 - 0.06 0.95 0.10 6.49 5.96 6.11 - 0.44 8.10 2.88 5.10 4.43 4.68 - 0.34 6.19 2.10 0.20 0.18 0.19 - 0.01 0.34 0.09 0.16 0.14 0.14 - 0.01 0.26 0.06 0.49 0.44 0.49 + 0.03 0.68 0.10 0.38 0.34 0.38 + 0.02 0.52 0.07 0.14 0.12 0.13 + 0.02 0.14 0.08 0.18 0.15 0.15 unch 0.00 0.20 0.03 0.49 0.00 0.42 - 0.05 1.01 0.00 0.41 0.36 0.40 + 0.01 0.79 0.10 0.54 0.00 0.50 - 0.01 1.04 0.15 0.14 0.11 0.11 - 0.01 0.19 0.00 0.18 0.14 0.14 - 0.03 0.25 0.03 0.62 0.48 0.58 - 0.08 0.89 0.30 0.65 0.00 0.65 + 0.02 0.80 0.30 16.49 15.53 16.19 - 0.37 19.83 3.68 12.48 12.03 12.44 - 0.24 14.62 7.46 0.00 0.00 0.00 + 0.00 0.02 0.00 1.13 1.07 1.12 - 0.08 1.42 0.32 0.88 0.82 0.85 - 0.07 1.07 0.23 0.61 0.54 0.56 - 0.03 0.71 0.10 0.07 0.06 0.07 + 0.01 0.10 0.04 0.05 0.05 0.05 unch 0.00 0.07 0.05 0.05 0.04 0.04 unch 0.00 0.06 0.01 0.34 0.32 0.32 unch 0.00 0.40 0.05 0.10 0.08 0.08 - 0.02 0.10 0.03 0.23 0.20 0.21 + 0.02 0.24 0.04 0.15 0.15 0.15 unch 0.00 0.20 0.13 0.13 0.13 0.13 unch 0.00 0.15 0.06 0.12 0.11 0.11 - 0.02 0.27 0.08 0.09 0.08 0.08 + 0.00 0.20 0.05 0.06 0.05 0.06 + 0.01 0.07 0.01 0.08 0.07 0.07 - 0.01 0.10 0.02 0.00 0.00 0.17 unch 0.00 0.20 0.09 0.08 0.06 0.08 unch 0.00 0.14 0.02 0.28 0.23 0.25 - 0.02 0.30 0.09 0.37 0.30 0.31 - 0.04 0.39 0.12 0.02 0.02 0.02 - 0.00 0.12 0.00 0.39 0.33 0.37 + 0.04 0.67 0.08 1.57 1.35 1.55 + 0.14 2.25 0.67 1.20 1.09 1.17 + 0.07 1.63 0.53 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.06 0.06 0.06 - 0.00 0.08 0.02 0.08 0.07 0.08 - 0.01 0.10 0.03 0.60 0.60 0.60 unch 0.00 0.67 0.29 0.67 0.67 0.67 unch 0.00 0.93 0.43 0.11 0.00 0.10 - 0.01 0.16 0.09 0.13 0.12 0.12 - 0.02 0.40 0.08 0.09 0.00 0.09 + 0.07 0.14 0.01 0.15 0.12 0.13 + 0.01 0.16 0.02 0.44 0.35 0.44 + 0.04 0.54 0.07 0.32 0.27 0.32 + 0.03 0.41 0.05 0.63 0.00 0.54 - 0.04 2.94 0.45 0.09 0.08 0.09 + 0.01 0.12 0.06 0.37 0.31 0.36 - 0.02 0.45 0.15 0.29 0.27 0.27 - 0.02 0.32 0.17 5.21 4.62 4.81 - 1.02 7.61 1.76 0.15 0.13 0.14 - 0.01 0.22 0.08 0.11 0.10 0.10 - 0.02 0.16 0.05 0.15 0.15 0.15 + 0.01 0.20 0.04

(100s)

Exc Volume

Week High

Low

Last Change

12-month

High Low

Stock

Harvest Gold V 38 Hawkeye Gld&Di* O 352 Hawkeye Gld&Di V 1604 Heatherdale Rs V 124 Hecla Mining* N 38906 Heliostar Met V 135 O 44 Hemcare Health* Hemlo Expl V 82 Hemlo Expl* O 61 1 High Point Exp C Highbank Res V 0 HighGold* O 46 HighGold V 374 Highland Copp* O 110 Highland Copp V 26 Highway 50 Gld V 157 23 Highway 50 Gld* O HiHo Silver C 258 HiHo Silver* O 19 O 50 Hochschild Mg* 1 Honey Badger E* O Honey Badger E V 865 Horizonte Mnls T 20 16 Hornby Bay Mnl* O Hornby Bay Mnl V 1352 HudBay Min* N 4748 HudBay Min T 5214 Hudson Res* O 99 Hudson Res V 265 Hunt Mng* O 69 Hunt Mng V 279 Hybrid Mineral V 158

0.20 0.19 0.19 - 0.01 0.29 0.06 0.03 0.02 0.02 - 0.01 0.04 0.00 0.03 0.02 0.02 - 0.01 0.05 0.01 1.05 1.00 1.05 + 0.01 1.35 0.28 5.42 4.94 5.33 - 0.26 6.79 1.40 1.48 1.15 1.17 - 0.21 2.25 0.30 1.09 0.82 1.04 + 0.05 1.92 0.55 0.80 0.70 0.72 - 0.03 1.11 0.17 0.58 0.58 0.58 + 0.01 0.81 0.04 0.00 0.00 0.30 unch 0.00 0.30 0.02 0.00 0.00 0.02 unch 0.00 0.03 0.01 1.83 1.65 1.66 - 0.15 2.44 0.42 2.41 2.13 2.16 - 0.22 3.14 0.57 0.04 0.03 0.04 + 0.00 0.04 0.01 0.05 0.00 0.05 unch 0.00 0.06 0.02 0.38 0.30 0.34 - 0.01 0.38 0.06 0.23 0.00 0.23 unch 0.00 0.23 0.04 0.03 0.02 0.03 + 0.01 0.07 0.02 0.03 0.00 0.03 + 0.00 0.21 0.01 3.21 2.96 3.20 - 0.30 4.35 0.99 0.07 0.07 0.07 + 0.00 0.21 0.00 0.09 0.07 0.09 + 0.01 0.10 0.01 0.11 0.00 0.11 + 0.01 0.20 0.03 0.05 0.05 0.05 - 0.01 0.06 0.01 0.08 0.07 0.07 - 0.01 0.11 0.03 5.66 5.04 5.32 - 0.04 5.41 1.23 7.31 6.59 6.99 + 0.01 7.31 1.66 0.29 0.25 0.26 + 0.00 0.27 0.04 0.38 0.34 0.35 + 0.02 0.38 0.07 0.15 0.09 0.12 - 0.03 0.15 0.02 0.17 0.14 0.14 - 0.05 0.20 0.04 0.16 0.14 0.14 - 0.36 0.75 0.03

I-Minerals* O 7 I-Minerals V 122 IAMGOLD T 8294 IAMGOLD* N 31173 Icon Explor* O 10 Iconic Mnls V 401 Iconic Mnls * O 7 O 245 Idaho Champion* Idaho Champion C 342 IEMR Res V 32 IM Exploration C 25 IMC Intl Mng C 673 IMC Intl Mng* O 306 iMetal Res* O 53 iMetal Res V 309 IMPACT Silver V 2256 Imperial Metal* O 49 Imperial Metal T 413 Imperial Mg Gr V 518 Inca One Gold* O 272 Inca One Gold V 268 Inception Mng * O 27 V 3979 Independence G Independence G* O 233 Indigo Expl V 22 Infinite Ore V 184 Infinite Ore* O 12 Inflection Res C 356 Inomin Mines V 27 Intact Gold V 27 Integra Res* X 606 Integra Res V 921 Inter-Rock Mnl V 167 Interconnect V 4 Intercontinent* O 0 Intercontinent V 0 Intl Battery C 252 Intl Battery* O 378 Intl Bethl Mng V 500 Intl Bethl Mng* O 20 Intl Cobalt* O 355 Intl Cobalt C 50 Intl Cons Uran* O 19 Intl Cons Uran V 220 Intl Lithium V 36 Intl Lithium* O 21 Intl Millm Mng V 2907 Intl Montoro* O 122 Intl Montoro V 205 Intl Prospect * O 5 Intl Prospect V 114 Intl Star* O 1200 Intl Tower Hil* X 1188 Intl Tower Hil T 98 Intl Zeolite* O 31 Intl Zeolite V 470 Intrepid Pots* N 781 INV Metals* O 80 INV Metals T 133 Inventus Mg * O 80 Inventus Mg V 335 InZinc Mining V 224 InZinc Mining* O 100 Ion Energy V 185 Irving Res* O 150 Irving Res C 159 IsoEnergy Ltd V 569 Itafos V 6 Itafos* O 1 O 178 Itoco Inc* Ivanhoe Mines* O 772 Ivanhoe Mines T 5299 Ivor Explor C 13 Jade Leader* O 0 Jade Leader V 122 Jaeger Res V 88 Jaguar Mng T 1186 Jaguar Mng* O 174 Japan Gold V 410 Japan Gold* O 153 Jasper Mining* O 0 Jasper Mining V 13 Jaxon Mining* O 25 Jaxon Mining V 530 Jayden Res V 14 Jayden Res* O 6 V 3 Jazz Res Jervois Mining V 553 Jervois Mining* O 1207 Jiulian Res* O 7 Jiulian Res V 415 C 26 JNC Resources JNC Resources* O 6 Josemaria Res T 604 Joshua Gold* O 8 Jourdan Res V 511 Jubilee Gold V 3 Jubilee Metals* O 97 Juggernaut Exp* O 1 Juggernaut Exp V 23 Jupiter Gold* O 7 K2 Gold V 364 K9 Gold* O 37 K92 Mining V 2193 K92 Mining* O 923 Kaizen Discov V 50 Kaizen Discvry* O 15 Kanadario Gold V 255 Karam Min C 30 Karnalyte Res T 77 Karoo Expl V 53 Karora Res* O 706 KAT Expl* O 179452 Kenadyr Mining* O 330 Kenadyr Mining V 1945 Kerr Mines* O 343 Kerr Mines T 1758 Kesselrun Res V 4419 Kesselrun Res* O 132 Kestrel Gold V 552 Kilo Goldmines V 900 Kilo Goldmines* O 3 Kincora Copper* O 89 Kincora Copper V 2587 King Global* O 114 King Global V 108 Kingman Min V 5 Kings Bay Res V 91 Kingsmen Res V 22 Kingsmen Res* O 3 Kinross Gold T 30131 Kinross Gold* N 84831 Kintavar Exp V 479 Kirkland Lake* N 10375 Kirkland Lake T 6012 Klondike Gold* O 94 Klondike Gold V 182 Klondike Silv* O 485 Klondike Silv V 2391 Kodiak Copper* O 209 Kombat Copper* O 82 Kombat Copper V 1839 Kootenay Silvr* O 928 Kootenay Silvr V 2596 Kootenay Zinc* O 0 Kootenay Zinc C 270 Kore Mining V 1730

0.02 0.02 0.02 - 0.00 0.05 0.01 0.03 0.03 0.03 unch 0.00 0.06 0.02 4.73 4.43 4.63 - 0.38 7.07 2.00 3.64 3.39 3.53 - 0.31 5.35 1.44 0.05 0.04 0.04 - 0.01 0.14 0.01 0.11 0.00 0.10 + 0.01 0.15 0.04 0.08 0.07 0.07 - 0.00 0.11 0.02 0.22 0.17 0.19 - 0.01 0.47 0.04 0.26 0.24 0.26 unch 0.00 0.44 0.04 0.03 0.03 0.03 unch 0.00 0.04 0.01 0.14 0.14 0.14 - 0.01 0.18 0.04 0.16 0.12 0.13 + 0.01 1.00 0.12 0.12 0.09 0.10 + 0.01 0.73 0.09 0.11 0.09 0.10 - 0.00 0.47 0.06 0.15 0.11 0.15 + 0.02 0.60 0.08 1.12 0.93 1.08 + 0.01 1.25 0.22 2.69 2.39 2.59 + 0.26 2.75 0.70 3.55 3.06 3.40 + 0.34 3.56 0.99 0.11 0.10 0.10 - 0.01 0.11 0.03 0.50 0.29 0.47 + 0.03 0.67 0.01 0.65 0.58 0.63 + 0.03 0.86 0.16 0.02 0.00 0.02 - 0.00 0.08 0.02 0.23 0.13 0.16 + 0.02 0.23 0.03 0.17 0.00 0.12 + 0.02 0.17 0.01 0.07 0.07 0.07 unch 0.00 0.15 0.06 0.06 0.05 0.06 + 0.01 0.14 0.03 0.05 0.00 0.04 - 0.01 0.10 0.01 0.49 0.39 0.49 + 0.03 0.63 0.39 0.09 0.00 0.09 - 0.01 0.25 0.03 0.07 0.07 0.07 unch 0.00 0.09 0.03 3.79 3.19 3.42 - 0.23 5.50 3.06 4.73 4.15 4.44 - 0.28 5.90 1.53 0.39 0.39 0.39 unch 0.00 0.45 0.16 0.11 0.11 0.11 unch 0.00 0.11 0.06 0.00 0.00 0.09 unch 0.00 0.25 0.08 0.00 0.00 0.11 unch 0.00 0.33 0.09 0.14 0.00 0.13 + 0.03 0.16 0.07 0.10 0.09 0.10 - 0.00 0.13 0.05 0.04 0.03 0.03 unch 0.00 0.06 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.01 0.01 0.01 + 0.00 0.02 0.00 0.01 0.00 0.01 unch 0.00 0.02 0.01 0.42 0.38 0.39 - 0.02 0.53 0.02 0.55 0.47 0.50 - 0.01 0.74 0.10 0.05 0.00 0.05 unch 0.00 0.07 0.03 0.04 0.03 0.04 + 0.01 0.05 0.02 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.05 0.05 0.05 - 0.00 0.08 0.01 0.07 0.06 0.07 unch 0.00 0.11 0.01 0.09 0.09 0.09 - 0.00 0.15 0.05 0.11 0.10 0.11 - 0.01 0.23 0.07 0.00 0.00 0.00 unch 0.00 0.00 0.00 1.57 1.39 1.49 - 0.13 2.27 0.33 2.05 1.81 1.95 - 0.12 3.07 0.43 0.06 0.00 0.06 + 0.02 0.07 0.02 0.09 0.07 0.07 + 0.01 0.10 0.02 10.49 9.00 9.46 + 0.70 27.40 6.00 0.35 0.33 0.34 - 0.00 0.78 0.13 0.46 0.43 0.43 - 0.04 1.11 0.17 0.11 0.09 0.09 - 0.02 0.15 0.05 0.14 0.13 0.13 unch 0.00 0.21 0.07 0.04 0.04 0.04 - 0.01 0.04 0.01 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.32 0.27 0.29 - 0.02 0.50 0.27 2.20 2.00 2.02 - 0.07 3.48 1.02 2.90 2.62 2.65 - 0.07 4.60 1.45 1.52 1.28 1.43 + 0.04 1.52 0.23 0.30 0.00 0.25 - 0.08 1.06 0.21 0.24 0.00 0.24 + 0.00 0.54 0.14 0.13 0.09 0.12 + 0.01 4.69 4.32 4.38 - 0.12 4.69 1.35 5.96 5.65 5.78 - 0.08 6.08 1.80 0.33 0.33 0.33 - 0.07 0.42 0.20 0.00 0.00 0.03 unch 0.00 0.20 0.02 0.06 0.00 0.05 unch 0.00 0.26 0.04 0.03 0.03 0.03 unch 0.00 0.08 0.01 7.99 7.28 7.50 - 0.43 9.20 1.05 6.45 5.50 5.69 - 0.41 7.05 0.70 0.36 0.34 0.34 - 0.01 0.45 0.19 0.27 0.25 0.26 - 0.01 0.34 0.12 0.00 0.00 0.04 unch 0.00 0.08 0.03 0.05 0.05 0.05 unch 0.00 0.12 0.03 0.05 0.05 0.05 unch 0.00 0.09 0.02 0.08 0.07 0.07 - 0.01 0.14 0.03 0.06 0.00 0.06 - 0.01 0.09 0.01 0.05 0.04 0.04 unch 0.00 0.06 0.00 0.27 0.27 0.27 unch 0.00 0.44 0.14 0.30 0.26 0.29 + 0.02 0.35 0.11 0.23 0.18 0.23 + 0.02 0.26 0.05 0.11 0.11 0.11 + 0.00 0.13 0.05 0.14 0.12 0.12 - 0.01 0.18 0.01 0.65 0.59 0.60 - 0.01 0.65 0.18 0.50 0.00 0.50 + 0.03 5.24 0.24 0.74 0.67 0.70 + 0.05 0.91 0.31 0.08 0.06 0.07 + 0.02 0.19 0.04 0.03 0.02 0.03 unch 0.00 0.04 0.01 0.80 0.80 0.80 unch 0.00 0.80 0.38 0.11 0.09 0.10 - 0.00 0.10 0.03 0.09 0.09 0.09 unch 0.00 0.20 0.06 0.13 0.00 0.13 unch 0.00 0.29 0.11 0.97 0.90 0.90 unch 0.00 1.50 0.20 0.68 0.56 0.57 - 0.08 0.96 0.11 0.36 0.31 0.34 + 0.03 0.65 0.07 7.88 7.01 7.34 - 0.26 8.50 1.55 6.06 5.30 5.59 - 0.24 6.50 1.12 0.04 0.04 0.04 - 0.01 0.08 0.03 0.04 0.04 0.04 unch 0.00 0.06 0.02 1.35 0.94 1.27 + 0.27 1.35 0.13 0.23 0.17 0.17 unch 0.00 0.30 0.03 0.28 0.22 0.27 - 0.02 0.33 0.09 0.40 0.34 0.40 - 0.06 1.28 0.04 2.71 2.47 2.67 - 0.04 3.57 2.30 0.00 0.00 0.00 - 0.00 0.00 0.00 0.03 0.03 0.03 - 0.00 0.06 0.02 0.04 0.04 0.04 - 0.01 0.08 0.02 0.12 0.10 0.11 + 0.01 0.15 0.06 0.16 0.13 0.15 + 0.02 0.18 0.10 0.26 0.16 0.24 + 0.02 0.47 0.03 0.19 0.13 0.17 + 0.00 0.37 0.02 0.10 0.08 0.09 - 0.02 0.12 0.01 0.02 0.01 0.02 unch 0.00 0.03 0.01 0.01 0.01 0.01 unch 0.00 0.04 0.00 0.07 0.05 0.06 - 0.01 0.14 0.02 0.10 0.07 0.08 - 0.03 0.19 0.01 0.04 0.03 0.03 - 0.01 0.05 0.00 0.06 0.05 0.05 unch 0.00 0.07 0.01 0.08 0.08 0.08 - 0.01 0.23 0.06 0.01 0.00 0.01 - 0.01 0.03 0.01 0.17 0.16 0.17 + 0.01 0.22 0.07 0.13 0.12 0.13 + 0.01 0.15 0.05 10.70 9.90 10.52 - 0.87 13.59 4.00 8.23 7.58 8.02 - 0.72 10.32 2.72 0.10 0.08 0.09 + 0.01 0.15 0.05 46.17 43.44 45.11 - 3.53 57.69 18.03 60.31 56.73 59.30 - 4.17 76.43 25.67 0.20 0.00 0.17 - 0.01 0.29 0.10 0.25 0.22 0.23 - 0.02 0.39 0.14 0.07 0.05 0.06 - 0.01 0.07 0.01 0.09 0.07 0.07 - 0.02 0.09 0.02 1.45 0.94 1.04 - 0.39 2.51 0.12 0.35 0.27 0.27 - 0.06 0.35 0.05 0.49 0.35 0.38 - 0.09 0.54 0.05 0.35 0.31 0.33 - 0.02 0.46 0.08 0.46 0.40 0.43 - 0.02 0.54 0.12 0.00 0.00 0.19 unch 0.00 1.16 0.17 0.23 0.17 0.17 - 0.09 3.00 0.17 1.44 1.26 1.39 - 0.07 1.96 0.15

I-J-K

Kore Mining * Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

(100s)

Exc Volume

Week High

Low

Last Change

21

12-month High Low

O 526 O 193 C 1096 O 483 C 446 O 75

1.18 0.96 1.07 - 0.05 1.48 0.09 0.18 0.15 0.17 + 0.02 0.27 0.03 2.28 1.48 2.15 + 0.47 2.28 0.45 1.75 1.15 1.61 + 0.32 1.48 0.32 0.01 0.01 0.01 unch 0.00 0.01 0.01 0.01 0.01 0.01 unch 0.00 0.01 0.00

La Imperial C 140 Labrador Gold* O 752 Labrador Gold V 6955 Labrador IMH* O 485 Labrador IOR* O 3 Labrador IOR T 765 Lake Resources* O 2223 Lara Expl V 18 Laramide Res T 716 Laredo Res* O 142 Largo Res* O 721 Largo Res T 3394 Lasalle Explor* O 2000 Lasalle Explor V 106 Latin Metals V 468 Latin Metals* O 3 Laurion Mnl Ex V 192 152 Laurion Mnl Ex* O Le Mare Gold* O 1 Le Mare Gold V 598 Leading Edge V 201 Leading Edge* O 81 Leeta Gold V 9630 Legion Metals C 1240 O 3 Leo Res* Lepanto Con Mg* O 595 Libero Copper* O 213 Libero Copper V 270 Liberty Gold* O 961 Liberty One Li V 1441 Liberty One Li* O 689 Lida Resources* O 1583 Lido Minerals C 1 Lightspeed Dis* O 11 Lightspeed Dis V 66 Lincoln Mng V 61 Lion One Mtls V 741 Lion One Mtls* O 464 Lithium Amer T 2697 N 19655 Lithium Amer* Lithium Chile V 502 Lithium Chile* O 62 Lithium Corp* O 1262 Lithium Energi* O 36 Lithium Energi V 57 Lithoquest Dia* O 2 Lithoquest Dia V 274 LKA Gold* O 10 Lode-Star Mg* O 6 Logan Res V 129 Lomiko Mtls V 1503 Lomiko Mtls* O 1025 Loncor Res* O 26 Loncor Res T 197 Lone Star Gold* O 6 Los Andes* O 1 Los Andes V 73 Lovitt Res* O 2 Lovitt Res V 33 Lucara Diam T 1623 Lucky Min* O 41 Lucky Min V 643 Luckystrike V 68 Luckystrike * O 30 Lumina Gold* O 280 Lumina Gold V 351 Luminex Res V 250 Lundin Gold T 2281 Lundin Mng* O 185 Lundin Mng T 11053 Lupaka Gold * O 74 Lupaka Gold V 71 Lydian Intl* O 83 Lynas Corp* O 961 Lynas Corp* O 402

0.06 0.06 0.06 - 0.01 0.12 0.01 0.46 0.38 0.42 + 0.03 0.50 0.09 0.62 0.50 0.56 + 0.06 0.63 0.10 0.05 0.03 0.05 + 0.01 0.08 0.00 19.58 18.18 18.30 - 0.81 21.78 9.71 25.88 23.47 24.10 - 0.89 28.95 13.25 0.06 0.04 0.05 + 0.00 0.32 0.02 0.83 0.00 0.83 - 0.01 1.02 0.44 0.26 0.22 0.24 + 0.02 0.37 0.10 0.00 0.00 0.00 + 0.00 0.01 0.00 0.75 0.68 0.74 + 0.05 0.95 0.40 0.98 0.89 0.96 + 0.07 1.23 0.56 0.00 0.00 0.10 unch 0.00 0.16 0.10 0.13 0.11 0.11 - 0.01 0.22 0.08 0.12 0.10 0.10 unch 0.00 0.15 0.05 0.10 0.08 0.09 - 0.01 0.11 0.04 0.21 0.20 0.21 unch 0.00 0.24 0.09 0.16 0.15 0.16 + 0.00 0.18 0.09 0.04 0.04 0.04 - 0.00 0.05 0.03 0.06 0.05 0.05 - 0.01 0.09 0.05 0.20 0.16 0.20 + 0.03 0.34 0.01 0.15 0.12 0.15 + 0.03 0.25 0.03 0.53 0.46 0.52 - 0.01 0.58 0.08 0.22 0.19 0.21 + 0.01 0.45 0.14 0.10 0.01 0.01 - 0.08 0.15 0.01 0.00 0.00 0.00 - 0.00 0.00 0.00 0.09 0.08 0.09 - 0.00 0.16 0.02 0.12 0.11 0.12 unch 0.00 0.22 0.03 1.63 1.38 1.46 - 0.06 1.82 0.38 0.08 0.06 0.07 - 0.01 0.08 0.04 0.06 0.01 0.04 - 0.01 0.06 0.01 0.04 0.02 0.03 - 0.00 0.20 0.03 0.00 0.00 0.21 unch 0.00 0.30 0.19 0.16 0.14 0.16 unch 0.00 0.25 0.07 0.21 0.13 0.16 - 0.01 0.33 0.08 0.21 0.19 0.19 - 0.01 0.28 0.05 1.63 1.50 1.58 - 0.12 2.66 0.72 1.27 1.15 1.21 - 0.08 2.00 0.50 15.53 12.28 14.15 - 0.08 22.47 2.90 11.99 9.40 10.82 - 0.04 16.97 1.92 0.17 0.14 0.16 unch 0.00 0.43 0.10 0.13 0.11 0.12 + 0.01 0.33 0.07 0.20 0.16 0.18 + 0.00 0.33 0.05 0.06 0.00 0.06 + 0.00 0.14 0.01 0.09 0.00 0.08 + 0.01 0.24 0.03 0.04 0.04 0.04 unch 0.00 0.05 0.03 0.06 0.00 0.05 unch 0.00 0.08 0.03 0.10 0.06 0.10 + 0.02 0.20 0.04 0.09 0.07 0.07 - 0.03 0.28 0.03 0.30 0.24 0.30 + 0.05 0.90 0.06 0.05 0.04 0.05 + 0.01 0.07 0.02 0.04 0.03 0.04 + 0.00 0.05 0.01 0.59 0.00 0.58 - 0.06 0.66 0.22 0.78 0.66 0.70 - 0.14 0.89 0.32 1.00 0.72 0.74 - 0.08 2.33 0.22 4.53 0.00 4.53 + 1.48 4.53 2.66 6.50 5.79 6.50 + 0.50 6.50 1.95 0.13 0.13 0.13 unch 0.00 0.20 0.09 0.20 0.20 0.20 unch 0.00 0.27 0.09 0.57 0.52 0.56 + 0.02 0.91 0.40 0.07 0.06 0.06 - 0.01 0.10 0.08 0.08 - 0.01 0.27 0.08 0.39 0.31 0.39 + 0.05 0.58 0.13 0.30 0.27 0.27 - 0.05 0.68 0.60 0.60 - 0.05 0.91 0.29 0.84 0.78 0.80 - 0.05 1.19 0.46 0.77 0.67 0.76 + 0.09 1.08 0.41 12.31 11.15 11.89 - 0.55 13.49 5.82 7.00 6.52 6.70 + 0.10 6.68 2.82 9.12 8.54 8.84 + 0.22 9.12 4.08 0.04 0.02 0.04 - 0.00 0.04 0.00 0.04 0.00 0.04 - 0.01 0.05 0.01 0.01 0.01 0.01 + 0.00 0.08 0.00 2.49 2.27 2.41 + 0.18 2.25 0.58 2.49 2.22 2.39 + 0.13 2.28 0.55

L

M Macarthur Min* O 57 0.36 0.34 0.35 + 0.02 0.50 0.04 Macarthur Min V 656 0.50 0.43 0.45 + 0.02 0.67 0.07 MacDonald Mns* O 2929 0.08 0.06 0.06 - 0.02 0.10 0.04 V 3809 0.10 0.08 0.08 - 0.02 0.15 0.05 MacDonald Mns MAG Silver T 1246 24.88 21.85 22.55 - 3.28 26.29 5.33 Magellan Gold* O 11 1.15 1.01 1.09 - 0.01 1.84 0.20 1.23 - 0.02 1.89 0.24 Magna Gold V 194 1.27 1.06 Magna Gold* O 257 1.00 0.80 0.91 - 0.03 1.46 0.02 Magna Terra* O 1 0.17 0.17 0.17 unch 0.00 0.18 0.17 Magna Terra V 161 0.24 0.21 0.22 - 0.01 0.48 0.21 Magnum Goldco V 40 0.06 0.06 0.06 unch 0.00 0.08 0.03 Majestic Gold* O 196 0.05 0.04 0.05 - 0.00 0.06 0.02 Majestic Gold V 277 0.07 0.06 0.07 + 0.01 0.08 0.04 Major Precious C 332 0.27 0.22 0.27 + 0.02 0.82 0.13 Makara Mining* O 538 0.70 0.58 0.62 - 0.07 1.27 0.56 Makara Mining C 260 0.90 0.70 0.82 - 0.09 1.65 0.50 Makena Res* O 236 0.46 0.42 0.43 - 0.02 0.74 0.22 Mako Mining V 1275 0.35 0.32 0.34 unch 0.00 0.54 0.19 0.26 - 0.01 0.50 0.14 Mako Mining* O 881 0.27 0.24 Mammoth Res V 1202 0.09 0.06 0.08 unch 0.00 0.09 0.02 Mammoth Res * O 213 0.07 0.06 0.06 - 0.00 0.07 0.02 Mandalay Res* O 77 1.33 0.74 1.22 - 0.12 1.65 0.38 Mandalay Res T 92 1.75 1.59 1.60 - 0.14 2.12 0.46 Manganese X V 1063 0.37 0.29 0.30 - 0.05 1.11 0.06 0.23 - 0.03 0.85 0.04 Manganese X* O 333 0.29 0.22 Mangazeya Mng* O 11 0.07 0.06 0.07 + 0.02 0.09 0.02 Mangazeya Mng V 277 0.09 0.09 0.09 - 0.01 0.13 0.04 0.05 - 0.01 0.08 0.03 Manitou Gold V 771 0.06 0.05 Manitou Gold * O 69 0.05 0.04 0.04 + 0.00 0.07 0.02 Maple Gold V 2065 0.49 0.40 0.44 - 0.04 0.56 0.04 Maple Gold* O 1671 0.37 0.30 0.34 - 0.03 0.42 0.03 Marathon Gold* O 578 1.94 1.71 1.90 + 0.06 2.00 0.52 Marathon Gold T 2858 2.55 2.23 2.50 + 0.08 2.62 0.71 Marifil Mines* O 47 0.05 0.03 0.04 - 0.00 0.08 0.02 Marifil Mines V 55 0.05 0.05 0.05 - 0.01 0.11 0.03 3.55 + 0.16 3.71 1.00 Marimaca Cop T 69 3.71 3.37 Marimaca Cop* O 5 2.80 2.70 2.73 + 0.11 2.80 0.03 Mariner Res* O 49 0.51 0.00 0.48 + 0.11 0.48 0.34 0.16 + 0.01 0.23 0.05 Maritime Res V 1261 0.16 0.14 MartinMarietta* N 2637 277.42 257.01 264.14 + 7.96 281.82 135.08 0.10 unch 0.00 0.14 0.03 Mas Gold V 79 0.10 0.10 Mascota Res* O 0 2.01 2.01 2.01 unch 0.00 3.80 0.51 Mason Graphite* O 1149 0.32 0.20 0.32 + 0.11 0.28 0.08 V 2138 0.42 0.27 0.41 + 0.14 0.42 0.12 Mason Graphite Matica Ent C 1170 0.04 0.03 0.03 - 0.01 0.05 0.02 Maverix Metals T 457 7.10 6.49 6.80 + 0.01 7.78 3.10 Maverix Metals* X 1024 5.39 4.98 5.23 unch 0.00 6.00 2.51 Mawson Res* O 529 0.37 0.28 0.35 + 0.03 0.44 0.10 Mawson Res T 1312 0.48 0.37 0.45 + 0.04 0.57 0.14 V 2706 0.52 0.37 0.49 + 0.11 0.52 0.06 MAX Res MaxTech Vent* O 11 0.06 0.05 0.05 + 0.01 0.09 0.02 MaxTech Vent C 38 0.07 0.07 0.07 + 0.01 0.12 0.03 0.20 unch 0.00 0.20 0.05 Maxwell Res* O 0 0.00 0.00 Mazarin V 50 0.12 0.10 0.12 + 0.01 0.18 0.05 McChip Res V 5 0.50 0.00 0.43 - 0.07 0.57 0.39 McEwen Mng T 829 1.35 1.24 1.31 - 0.06 2.20 0.76 McEwen Mng* N 11174 1.04 0.95 0.99 - 0.07 McLaren Res C 465 0.07 0.05 0.05 - 0.01 0.18 0.01 MDN Inc* O 0 0.00 0.00 0.50 unch 0.00 0.63 0.14 Mechel* N 136 1.50 1.41 1.44 + 0.02 3.43 1.28 0.22 - 0.01 0.41 0.05 Medallion Res V 332 0.24 0.22 Medallion Res* O 260 0.19 0.16 0.17 - 0.01 0.31 0.03 Medgold Res* O 21 0.04 0.04 0.04 - 0.00 0.06 0.02 Medgold Res V 502 0.05 0.00 0.05 unch 0.00 0.08 0.03 Medinah Mnrls* O 6815 0.00 0.00 0.00 + 0.00 0.00 0.00 Mega Copper V 3 0.12 0.12 0.12 unch 0.00 0.29 0.02 Mega Uranium T 489 0.13 0.12 0.13 unch 0.00 0.15 0.05 Mega Uranium* O 456 0.10 0.09 0.10 + 0.00 0.12 0.03 Megastar Dev V 1027 0.11 0.09 0.11 unch 0.00 0.20 0.05 Megastar Dev* O 20 0.09 0.09 0.09 unch 0.00 0.14 0.05 MegumaGold C 91 0.14 0.13 0.14 unch 0.00 0.21 0.09 MegumaGold* O 23 0.11 0.09 0.10 - 0.00 0.16 0.06 Melior Res V 15 0.08 0.08 0.08 unch 0.00 0.08 0.02 Melkior Res V 201 0.94 0.86 0.91 - 0.02 1.25 0.06 Melkior Res* O 85 0.75 0.69 0.71 + 0.01 1.00 0.01 Merger Mines* O 0 0.00 0.00 5.00 unch 0.00 15.00 5.00 Meridian Mg V 569 0.20 0.11 0.13 - 0.03 0.39 0.06 Meryllion Res C 1066 0.01 0.01 0.01 unch 0.00 0.02 0.01 Meryllion Res* O 1 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.02 unch 0.00 0.03 0.00 MetalCorp* O 15 0.02 0.02 MetalCorp V 25 0.03 0.03 0.03 unch 0.00 0.05 0.01 Metalex Vent V 118 0.04 0.04 0.04 - 0.01 0.07 0.02 Metalex Vent * O 44 0.02 0.02 0.02 unch 0.00 0.04 0.01 Metalla Rylty V 256 13.13 11.59 12.61 - 0.24 13.47 4.06 Metallic Mnrls V 754 0.83 0.70 0.80 + 0.03 1.30 0.10 Metallic Mnrls* O 313 0.64 0.55 0.62 + 0.04 0.94 0.07 Metallis Res V 169 0.34 0.26 0.30 - 0.05 0.64 0.11 Metalo Manuf C 6 0.22 0.00 0.22 + 0.10 0.30 0.07 Metalore Res V 2 2.30 2.30 2.30 unch 0.00 3.65 1.00 Metals Creek* O 3 0.05 0.04 0.05 - 0.00 0.08 0.02 Metals Creek V 172 0.07 0.06 0.06 unch 0.00 0.10 0.03 Metals X* O 479 0.06 0.06 0.06 unch 0.00 0.12 0.03 Metron Capital V 66 0.25 0.24 0.25 + 0.01 0.42 0.15 Mexican Gold* O 430 0.11 0.08 0.10 + 0.01 0.15 0.01 Mexivada Mng* O 1 0.00 0.00 0.00 unch 0.00

22

WWW.NORTHERNMINER.COM

NOVEMBER 23–DECEMBER 6, 2020 / THE NORTHERN MINER

ST O C K TA B L E S

Stock

(100s)

Exc Volume

Week High

Low

Last Change

12-month

High Low

Stock

Mexus Gold* O 1076 0.04 0.03 0.04 unch 0.00 0.27 0.03 0.05 - 0.00 0.11 0.02 MGX Minerals* O 415 0.05 0.04 MGX Minerals C 1042 0.06 0.06 0.06 unch 0.00 0.15 0.04 C 93 0.30 0.25 0.26 - 0.04 0.50 0.10 Mich Resources 1.24 - 0.23 2.04 0.24 Midas Gold T 1683 1.43 1.20 Midas Gold* O 1849 1.15 0.88 0.93 - 0.18 1.55 0.16 Midasco Cap V 188 0.08 0.08 0.08 unch 0.00 0.15 0.07 0.82 - 0.08 1.13 0.46 Midland Expl V 67 0.92 0.82 Midnight Star C 1305 0.15 0.13 0.15 + 0.02 0.35 0.10 Midnight Sun* O 45 0.19 0.17 0.18 + 0.01 0.21 0.04 0.24 + 0.02 0.28 0.03 Midnight Sun V 33 0.24 0.22 Millennial Lit* O 136 1.24 1.04 1.12 - 0.05 1.44 0.38 Millennial Lit V 310 1.62 1.44 1.48 - 0.05 1.90 0.61 0.09 - 0.00 0.23 0.06 Millrock Res* O 634 0.10 0.08 Millrock Res V 471 0.13 0.11 0.12 unch 0.00 0.32 0.09 Minaurum Gold V 270 0.60 0.52 0.54 - 0.03 0.85 0.22 Minaurum Gold* O 228 0.47 0.39 0.42 - 0.02 0.67 0.16 Minco Silver* O 278 0.42 0.35 0.37 - 0.05 0.60 0.14 0.49 - 0.08 0.83 0.20 Minco Silver T 124 0.54 0.46 Minera Alamos * O 1825 0.62 0.51 0.53 - 0.06 0.62 0.11 Minera Alamos V 2591 0.76 0.68 0.70 - 0.08 0.78 0.16 Minera IRL* O 17 0.17 0.15 0.15 + 0.00 0.18 0.07 Minera IRL C 806 0.25 0.18 0.20 + 0.02 0.25 0.05 Mineral Mtn* O 72 0.23 0.20 0.23 - 0.01 0.43 0.16 Mineral Mtn V 1133 0.31 0.27 0.30 unch 0.00 0.53 0.22 O 1 19.65 0.00 19.65 + 1.35 18.30 9.83 Mineral Res* MineralRite* O 230 0.00 0.00 0.00 unch 0.00 0.00 0.00 Mineworx Tech V 545 0.06 0.06 0.06 - 0.01 0.16 0.06 Mineworx Tech* O 596 0.05 0.04 0.04 + 0.00 0.13 0.04 Minfocus Expl V 130 0.06 0.06 0.06 unch 0.00 0.09 0.02 Minfocus Expl* O 2 0.04 0.00 0.04 unch 0.00 5.00 0.01 Mining Global* O 1065 0.00 0.00 0.00 unch 0.00 0.00 0.00 Minnova Corp V 158 0.34 0.27 0.29 - 0.06 0.60 0.05 Mirasol Res V 113 0.41 0.39 0.40 - 0.01 0.62 0.29 Mistango River C 1085 0.37 0.28 0.37 + 0.05 0.37 0.03 Mkango Res V 124 0.19 0.15 0.16 - 0.01 0.19 0.05 ML Gold* O 22 0.08 0.06 0.06 - 0.02 0.16 0.06 ML Gold Corp V 197 0.10 0.09 0.09 - 0.01 0.18 0.08 0.35 - 0.05 0.45 0.03 Mojave Gold C 1560 0.35 0.29 Monarca Mnrls* O 216 0.17 0.13 0.14 - 0.02 0.20 0.01 0.19 - 0.04 0.30 0.02 Monarca Mnrls V 318 0.22 0.17 Monarch Gold T 4994 0.57 0.52 0.56 unch 0.00 0.60 0.11 Monarch Gold* O 564 0.44 0.39 0.42 - 0.01 0.46 0.07 Moneta Porcpn* O 277 0.12 0.11 0.11 - 0.01 0.16 0.04 Moneta Porcpn T 751 0.15 0.14 0.14 - 0.02 0.22 0.06 Monitor Vent V 11 0.19 0.00 0.19 + 0.01 0.45 0.12 Monitor Vent* O 4 0.14 0.14 0.14 - 0.00 0.33 0.08 0.01 unch 0.00 0.06 0.01 Montego Res C 825 0.01 0.01 Monterey Min C 1205 0.05 0.04 0.05 - 0.01 0.10 0.02 Montero Mg&Ex * O 0 0.12 0.12 0.12 - 0.01 0.17 0.02 Montero Mg&Ex V 67 0.19 0.00 0.17 - 0.05 0.24 0.01 V 204 0.09 0.08 0.09 unch 0.00 0.12 0.04 Monument Mng Monument Mng* O 6 0.07 0.00 0.06 - 0.01 0.09 0.02 Morien Res* O 28 0.14 0.11 0.13 + 0.02 0.50 0.06 0.18 + 0.03 0.65 0.08 Morien Res V 174 0.18 0.15 Mosaic* N 23353 18.48 16.86 18.02 + 1.13 22.19 6.50 Mountain Boy V 3984 0.39 0.28 0.37 - 0.04 0.69 0.14 Mountain Boy* O 4282 0.30 0.21 0.27 - 0.05 0.52 0.09 Mountain Prov* O 87 0.34 0.30 0.32 - 0.03 0.86 0.17 Mountain Prov T 235 0.45 0.38 0.42 - 0.03 1.25 0.25 0.58 - 0.03 0.65 0.20 MPV Explor C 1112 0.65 0.53 Mundoro Cap V 173 0.16 0.16 0.16 unch 0.00 0.21 0.09 Mundoro Cap* O 11 0.13 0.00 0.13 - 0.00 0.14 0.06 Murchison Min V 711 0.08 0.06 0.06 - 0.02 0.18 0.05 Musgrave Min* O 77 0.37 0.37 0.37 - 0.01 0.60 0.32

N-O NA Frac Sand* O 16882 NACCO Ind* N 88 Namibia Crit V 243 Namibia Crit* O 489 Napier Vent* O 20 Natural Res Pt* N 169 Nautilus Mnrls* O 534 9 Navis Res Corp* O Navy Res V 33 Neo Lithium V 2913 Neometals* O 152 Network Expl* O 35 Network Expl V 82 Nevada Canyon* O 10 Nevada Copper T 7102 Nevada Expl * O 57 Nevada Expl V 244 O 354 Nevada Sunrise* Nevada Sunrise V 136 Nevada Zinc V 17 Nevado Res V 59 New Age Metals* O 439 New Age Metals V 1797 New Carolin Gd* O 88 573 New Carolin Gd V New Destiny Mg* O 50 New Destiny Mg V 2081 5 New Energy Met* O New Energy Met V 46 New Found Gold V 1414 New Gold T 13791 New Gold* X 44826 New Guinea Gld* O 71 New Jersey Mng* O 192 New Milln Iron* O 234 New Milln Iron T 5008 New Oroperu V 42 New Pac Metals* O 458 New Pac Metals T 733 New Placer V 1634 New Placer* O 165 New Stratus V 126 New Tech Min* O 40 New Tech Min C 44 New World Res* O 50 Newcore Gold V 1369 Newcore Gold* O 154 Newcrest Mg T 1 Newcrest Mg* O 26 Newlox Gold C 1688 Newmac Res V 133 Newmont Corp T 788 Newmont Corp* N 34735 Newport Expl V 437 Newport Gold* O 571 NewRange Gold* O 1371 NewRange Gold V 2316 Nexa Resources T 2 Nexa Resources* N 158 Nexco Res C 127 Nexgen Energy T 3009 Nexgen Energy* X 2349 NextSource Mat T 5752 Nexus Gold* O 62 Nexus Gold V 2399 NGEx Minerals* O 20 NGEx Minerals V 27 Nickel Creek T 540 Nickel Creek* O 317 Nickel North V 121 Nickel Rock* O 93 Nickel Rock V 168 Nicola Mg Inc V 642 Nicola Mg Inc* O 68 Nighthawk Gold* O 88 T 363 Nighthawk Gold Niobay Metals V 307 Niocan Inc V 428 Niocorp Dev T 213 Niocorp Dev* O 276 Nippon Dragon V 377 Nippon Dragon* O 39 Noble Metal V 533 Noble Mineral V 166 Noble Mineral* O 16 Noram Vent* O 984 Noram Vent V 3710 Noranda Alum* O 79 Norilsk Nickel* O 361 Noront Res* O 14 Noront Res V 1413 Norra Metals V 310 Norse Gold V 59 Norseman Silv V 276 Norsemont Cap C 911 Norsemont Cap* O 516 Nortec Mnls V 323 Nortec Mnls* O 1 North Am Nickl* O 17 North Am Nickl V 233 North Arrow Mn* O 35 North Arrow Mn V 29 North Bay Res * O 9625 North Peak Res* O 14 North Peak Res V 86 Northcliff Res T 257 Northern Light C 576

0.00 0.00 0.00 - 0.00 0.03 0.00 23.27 20.86 21.38 + 0.37 50.28 17.95 0.24 0.21 0.21 - 0.02 0.37 0.10 0.20 0.16 0.16 - 0.02 0.29 0.06 0.02 0.02 0.02 unch 0.00 0.12 0.04 15.50 12.65 15.23 + 2.02 0.00 0.00 0.00 - 0.00 0.03 0.00 2.10 0.00 2.04 - 0.22 3.90 0.92 0.50 0.46 0.50 + 0.05 0.50 0.12 1.35 1.12 1.30 + 0.15 1.35 0.38 0.28 0.00 0.15 - 0.03 0.40 0.05 0.25 0.20 0.23 + 0.01 0.41 0.06 0.32 0.28 0.30 - 0.01 0.45 0.08 0.99 0.00 0.55 - 0.44 4.00 0.30 0.10 0.08 0.09 + 0.01 0.38 0.06 0.12 0.10 0.11 - 0.00 0.30 0.08 0.15 0.14 0.14 - 0.01 0.39 0.12 0.16 0.12 0.13 - 0.02 0.25 0.01 0.19 0.17 0.17 - 0.02 0.31 0.01 0.07 0.06 0.06 + 0.01 0.08 0.03 0.18 0.10 0.18 + 0.08 0.18 0.07 0.06 0.05 0.05 - 0.00 0.11 0.02 0.08 0.06 0.07 + 0.01 0.15 0.03 0.09 0.04 0.04 - 0.00 0.09 0.02 0.06 0.06 0.06 - 0.01 0.13 0.03 0.07 0.07 0.07 unch 0.00 0.04 0.03 0.11 0.05 0.09 + 0.04 0.11 0.02 0.08 0.00 0.05 - 0.03 0.20 0.00 0.08 0.07 0.07 - 0.01 0.11 0.02 4.70 3.87 4.53 + 0.23 4.90 1.24 2.62 2.32 2.43 - 0.14 2.98 0.55 2.02 1.78 1.85 - 0.12 2.28 0.39 0.00 0.00 0.00 - 0.00 0.13 0.00 0.33 0.27 0.29 - 0.04 0.39 0.12 0.18 0.15 0.16 - 0.00 0.16 0.03 0.24 0.20 0.21 unch 0.00 0.24 0.04 3.00 0.00 2.88 - 0.02 3.00 0.50 5.38 4.41 5.14 + 0.16 5.60 1.68 7.00 6.10 6.78 + 0.31 7.23 2.34 0.27 0.23 0.25 - 0.01 0.95 0.22 0.21 0.18 0.20 - 0.01 0.80 0.05 0.49 0.00 0.46 + 0.06 0.62 0.03 0.07 0.05 0.05 - 0.02 0.10 0.06 0.09 0.08 0.08 - 0.01 0.15 0.02 1.80 1.67 1.76 + 0.16 2.50 0.36 0.85 0.72 0.82 + 0.01 0.92 0.14 0.64 0.56 0.62 + 0.02 0.70 0.09 29.00 0.00 28.94 - 0.06 31.25 27.50 22.35 20.95 21.05 - 1.18 26.42 11.59 0.18 0.15 0.17 - 0.01 0.19 0.03 0.16 0.00 0.15 + 0.09 0.16 0.03 86.96 81.50 86.27 - 2.67 96.45 44.00 66.51 62.87 65.71 - 2.43 72.22 33.00 0.47 0.40 0.46 + 0.04 0.47 0.25 0.00 0.00 0.00 + 0.00 0.01 0.00 0.12 0.09 0.10 - 0.00 0.31 0.05 0.16 0.12 0.13 - 0.01 0.43 0.07 9.71 0.00 9.71 + 0.21 12.52 3.94 7.62 6.62 7.51 + 0.57 0.16 0.14 0.14 - 0.01 0.21 0.06 2.52 2.22 2.40 + 0.18 2.64 0.76 1.94 1.70 1.83 + 0.12 2.04 0.50 0.07 0.05 0.07 + 0.02 0.08 0.02 0.05 0.04 0.05 - 0.00 0.12 0.01 0.07 0.06 0.06 unch 0.00 0.14 0.03 0.40 0.40 0.40 unch 0.00 0.50 0.16 0.46 0.44 0.44 - 0.05 0.69 0.24 0.16 0.13 0.15 - 0.01 0.33 0.02 0.12 0.10 0.12 - 0.00 0.24 0.02 0.04 0.03 0.04 + 0.02 0.10 0.01 0.13 0.11 0.13 + 0.02 0.13 0.02 0.17 0.15 0.15 + 0.01 0.17 0.04 0.13 0.12 0.12 - 0.01 0.21 0.04 0.10 0.10 0.10 - 0.00 0.14 0.04 1.02 0.90 1.01 - 0.04 2.20 0.26 1.37 1.25 1.32 - 0.05 2.90 0.97 0.68 0.61 0.68 + 0.02 0.93 0.20 0.28 0.16 0.17 + 0.01 0.28 0.10 0.82 0.77 0.78 - 0.01 1.02 0.53 0.65 0.58 0.59 - 0.03 0.78 0.38 0.05 0.04 0.04 - 0.01 0.09 0.01 0.04 0.03 0.04 + 0.01 0.06 0.01 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.10 0.08 0.10 + 0.01 0.14 0.03 0.08 0.06 0.06 - 0.01 0.10 0.02 0.19 0.12 0.18 + 0.07 0.17 0.04 0.25 0.15 0.25 + 0.11 0.27 0.05 0.02 0.01 0.01 - 0.01 0.15 0.00 27.40 26.19 26.67 + 0.41 35.52 18.62 0.14 0.00 0.12 - 0.00 0.16 0.08 0.17 0.15 0.16 - 0.01 0.23 0.12 0.13 0.11 0.11 - 0.02 0.21 0.02 0.11 0.09 0.10 - 0.01 0.17 0.02 0.30 0.25 0.25 - 0.01 0.30 0.04 1.49 1.20 1.22 - 0.24 2.79 0.25 1.12 0.92 0.93 - 0.20 2.21 0.20 0.03 0.02 0.02 unch 0.00 0.05 0.01 0.02 0.00 0.02 - 0.00 0.03 0.00 0.17 0.14 0.14 - 0.02 0.33 0.05 0.20 0.00 0.19 - 0.01 0.30 0.06 0.04 0.03 0.04 + 0.00 0.06 0.02 0.05 0.05 0.05 - 0.01 0.08 0.03 0.00 0.00 0.00 - 0.00 0.00 0.00 0.46 0.42 0.46 + 0.01 3.00 0.16 0.60 0.00 0.60 + 0.05 1.38 0.30 0.04 0.03 0.04 unch 0.00 0.07 0.02 0.09 0.07 0.08 - 0.02 0.11 0.02

(100s)

Exc Volume

Northern Uran V 887 86 Northisle C&G * O Northisle C&G V 238 Northstar Gold C 310 O 180 Northstar Gold* Norvista Cap V 97 NorZinc* O 704 T 2228 NorZinc Nouveau Monde* O 1446 Nouveau Monde V 10161 NovaGold Res T 1628 NovaGold Res* X 6151 Novo Res* O 628 Novo Res V 1253 NovX21* O 28 NQ Minerals Pl* O 158 NRG Metals* O 197 NRG Metals V 0 Nrthn Graphite V 367 Nrthn Graphite* O 394 Nrthn Lion V 2 Nrthn Mnrls &E* O 80 Nrthn Shield V 830 Nrthn Superior V 2561 Nrthn Superior* O 1602 Nrthn Vertex* O 191 Nrthn Vertex V 256 NSGold V 19 NSS Res Inc C 457 Nthn Dynasty* X 39164 Nthn Dynasty T 4696 Nthrn Sphere* O 4 Nubian Res V 377 Nuinsco Res C 54 Nuinsco Res* O 39 NuLegacy Gold V 2659 NuLegacy Gold* O 1537 Nutrien* N 7861 T 5466 Nutrien NV Gold V 257 O 156 NV Gold* O.T. Mining* O 41 O3 Mining* O 73 O3 Mining V 418 Oakley Vent C 99 OceanaGold* O 2 OceanaGold T 7789 15 Oceanic Iron O V Oceanic Iron O* O 4 Oceanus Res V 1642 Oceanus Res* O 235 Olivut Res* O 42 Olivut Res V 45 Omineca Mining V 383 O 262 Omineca Mining* One World Lith C 533 One World Lith* O 64 Opawica Expl V 401 Opawica Expl* O 35 Ophir Gold V 536 Ophir Gold* O 488 Optimum Vent V 82 Opus One Gold V 173 Opus One Gold* O 0 Orbite Tech* O 20 Orca Gold* O 418 Orca Gold V 1095 Orea Mining* O 230 Orea Mining T 285 Orefinders Res V 928 Orestone Mng V 578 Orex Mnrls V 419 Orex Mnrls* O 244 Orezone Gold* O 277 Orezone Gold V 1208 Orford Mining V 287 OrganiMax* O 4 OrganiMax V 7 Origen Res C 201 Origin Gold V 1 Original Sixtn* O 2 Orla Mng Ltd* O 567 Orla Mng Ltd T 2564 Oro X Mining V 179 Oro X Mining* O 3 Oroco Res* O 510 Oroco Res V 981 Orocobre T 250 Oronova Energy* O 80 Orosur Mng T 651 Orsu Metals V 6 Orsu Metals* O 9 Orvana Mnrls T 78 Orvana Mnrls* O 8 Osino Res V 944 Osisko Gold T 2600 Osisko Gold* N 3684 Osisko Metals V 474 Osisko Metals* O 54 Osisko Mng Inc T 3771 Otso Gold* O 237 Otso Gold V 605 Outcrop Gold V 918 Outcrop Gold* O 540 OZ Minerals* O 3

Stock

Week High

Low

Last Change

12-month High Low

0.01 0.01 0.01 - 0.01 0.02 0.01 0.17 0.00 0.14 - 0.01 0.17 0.01 0.21 0.18 0.20 - 0.01 0.30 0.02 0.40 0.32 0.34 - 0.02 0.55 0.19 0.30 0.25 0.27 - 0.00 0.38 0.20 0.16 0.15 0.16 + 0.01 0.19 0.04 0.06 0.04 0.05 - 0.01 0.09 0.01 0.07 0.07 0.07 unch 0.00 0.12 0.02 0.51 0.33 0.48 + 0.14 0.51 0.09 0.66 0.43 0.65 + 0.23 0.66 0.13 14.70 13.49 14.26 - 0.65 18.00 6.40 11.29 10.32 10.84 - 0.61 12.85 4.65 2.72 2.46 2.48 - 0.21 3.30 1.00 3.53 3.24 3.25 - 0.25 4.16 1.41 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.08 0.07 0.07 - 0.02 0.13 0.05 0.23 0.17 0.21 - 0.02 0.37 0.04 0.00 0.00 0.31 unch 0.00 0.66 0.24 0.26 0.21 0.25 + 0.02 0.35 0.06 0.21 0.17 0.19 + 0.02 0.28 0.04 0.37 0.00 0.37 + 0.01 0.45 0.11 0.05 0.05 0.05 unch 0.00 0.25 0.02 0.06 0.06 0.06 - 0.01 0.18 0.05 1.16 0.74 1.07 + 0.17 1.16 0.07 0.89 0.58 0.81 + 0.13 0.76 0.05 0.46 0.41 0.44 - 0.03 0.57 0.11 0.59 0.54 0.57 - 0.03 0.72 0.15 0.36 0.31 0.36 + 0.11 0.69 0.06 0.05 0.04 0.05 unch 0.00 0.15 0.03 0.97 0.73 0.87 + 0.10 2.49 0.35 1.26 0.95 1.15 + 0.14 3.28 0.50 0.02 0.00 0.00 - 0.02 0.05 0.00 0.35 0.33 0.34 - 0.01 0.69 0.07 0.01 0.00 0.01 unch 0.00 0.02 0.01 0.01 0.01 0.01 - 0.00 0.03 0.00 0.20 0.18 0.19 unch 0.00 0.24 0.03 0.16 0.13 0.15 - 0.00 0.19 0.02 42.98 40.27 41.98 + 2.18 49.77 23.85 56.12 52.26 55.11 + 3.20 65.97 34.80 0.35 0.30 0.31 unch 0.00 0.48 0.07 0.25 0.23 0.23 - 0.00 0.38 0.05 0.06 0.04 0.06 + 0.02 0.10 0.02 2.32 2.13 2.14 - 0.12 3.88 0.64 2.95 2.70 2.77 - 0.15 3.68 1.06 0.18 0.15 0.16 - 0.01 0.25 0.12 2.40 0.00 1.46 + 0.06 2.86 0.81 1.92 1.74 1.80 - 0.09 4.01 1.16 0.19 0.19 0.19 unch 0.00 0.24 0.04 0.14 0.14 0.14 unch 0.00 0.18 0.04 0.66 0.58 0.60 - 0.10 0.70 0.04 0.51 0.39 0.46 - 0.07 0.53 0.03 0.05 0.00 0.03 - 0.01 0.07 0.02 0.06 0.00 0.05 unch 0.00 0.08 0.03 0.40 0.31 0.39 + 0.08 0.75 0.05 0.30 0.24 0.30 + 0.06 0.55 0.03 0.08 0.00 0.07 - 0.01 0.15 0.03 0.07 0.00 0.06 - 0.01 0.12 0.02 0.16 0.00 0.13 - 0.06 0.24 0.05 0.10 0.10 0.10 unch 0.00 0.11 0.03 0.18 0.15 0.15 - 0.04 0.22 0.06 0.00 0.00 0.12 unch 0.00 0.17 0.07 0.40 0.00 0.40 + 0.05 0.50 0.15 0.08 0.06 0.08 + 0.01 0.12 0.02 0.00 0.00 0.06 unch 0.00 0.08 0.06 0.00 0.00 0.00 unch 0.00 0.16 0.00 0.49 0.41 0.48 + 0.03 0.55 0.15 0.64 0.54 0.64 + 0.06 0.73 0.20 0.19 0.09 0.10 - 0.00 0.19 0.06 0.13 0.12 0.12 - 0.01 0.25 0.09 0.18 0.16 0.17 - 0.01 0.26 0.04 0.08 0.06 0.06 - 0.02 0.28 0.03 0.21 0.17 0.19 - 0.02 0.31 0.04 0.17 0.13 0.15 - 0.01 0.24 0.03 0.77 0.68 0.74 + 0.02 1.01 0.14 1.00 0.88 0.96 + 0.01 1.27 0.22 0.16 0.14 0.15 unch 0.00 0.24 0.02 0.12 0.12 0.12 unch 0.00 0.13 0.03 0.13 0.09 0.13 + 0.03 0.14 0.04 0.17 0.13 0.17 + 0.04 0.27 0.12 0.00 0.00 0.24 unch 0.00 0.37 0.05 0.07 0.07 0.07 + 0.00 0.25 0.02 5.14 4.58 4.93 - 0.60 5.53 1.10 6.81 5.95 6.47 - 0.71 7.51 1.47 0.77 0.73 0.77 + 0.02 0.90 0.23 0.57 0.00 0.57 + 0.00 0.68 0.17 1.15 1.05 1.07 + 0.02 1.15 0.05 1.49 1.36 1.40 + 0.04 1.49 0.20 2.83 2.64 2.81 + 0.33 3.52 1.60 0.05 0.05 0.05 unch 0.00 0.06 0.05 0.48 0.33 0.41 - 0.08 0.70 0.03 0.37 0.00 0.37 unch 0.00 0.45 0.10 0.28 0.27 0.27 + 0.01 0.33 0.09 0.28 0.00 0.27 - 0.02 0.32 0.11 0.22 0.20 0.22 - 0.00 0.26 0.09 1.40 1.20 1.29 - 0.04 1.65 0.43 15.51 14.52 15.03 - 1.15 17.50 6.35 11.91 11.12 11.45 - 0.99 13.31 4.65 0.40 0.37 0.40 + 0.03 0.57 0.24 0.30 0.28 0.30 + 0.02 0.42 0.17 4.01 3.66 3.87 - 0.19 4.85 1.67 0.04 0.03 0.03 - 0.01 0.08 0.02 0.05 0.05 0.05 - 0.01 0.11 0.02 0.47 0.38 0.43 + 0.02 0.88 0.09 0.36 0.29 0.32 + 0.00 0.66 0.07 10.85 10.68 10.68 unch 0.00 11.28 3.48

P-Q P2 Gold* O 15 0.34 0.33 0.33 - 0.01 0.59 0.10 P2 Gold V 60 0.55 0.40 0.46 - 0.02 0.90 0.05 Pac Bay Mnrls V 9 0.16 0.00 0.15 + 0.01 0.19 0.05 Pac Booker Min V 15 1.69 1.33 1.50 - 0.02 2.60 1.12 Pac Booker Min* O 6 1.15 0.00 1.15 - 0.15 2.07 0.84 Pac Cascade V 144 0.20 0.15 0.18 unch 0.00 0.20 0.03 Pac Imperial V 145 0.05 0.04 0.04 - 0.01 0.08 0.01 Pac Ridge Expl V 351 0.08 0.00 0.07 - 0.01 0.09 0.03 Pac Ridge Expl* O 5 0.06 0.06 0.06 - 0.00 0.07 0.02 Pacific Empire V 1579 0.11 0.09 0.10 - 0.01 0.21 0.03 Pacific Rim C 97 0.40 0.30 0.30 - 0.05 0.63 0.09 Pacific Rim* O 28 0.32 0.00 0.25 + 0.03 0.53 0.06 Pacific Silk* O 5 0.02 0.02 0.02 unch 0.00 0.03 0.00 Pacific Silk V 126 0.03 0.03 0.03 + 0.01 0.03 0.01 Pacton Gold V 637 1.07 0.93 1.00 - 0.08 1.81 0.35 Paladin Energy* O 1292 0.11 0.08 0.10 + 0.00 0.14 0.03 Palamina Corp V 52 0.24 0.20 0.22 - 0.01 0.34 0.09 Palamina Corp* O 26 0.17 0.00 0.15 - 0.02 0.26 0.06 Palayan Res* O 70 0.82 0.53 0.74 + 0.15 1.82 0.25 Paleo Resource V 50 0.02 0.02 0.02 unch 0.00 0.04 0.01 Paleo Resource* O 10 0.02 0.01 0.01 - 0.00 0.04 0.00 Palladium One V 3198 0.19 0.17 0.17 - 0.02 0.25 0.05 Palladium One* O 654 0.15 0.12 0.12 - 0.03 0.49 0.03 Pan Am Silver* D 10681 35.28 31.69 33.02 - 3.91 40.11 10.61 Pan Am Silver T 3030 45.66 41.43 43.36 - 4.83 53.30 14.22 Pan Global Res V 529 0.51 0.43 0.47 - 0.01 0.72 0.06 Pan Global Res* O 38 0.36 0.36 0.36 unch 0.00 0.56 0.05 Pancontinental* O 121 0.09 0.07 0.08 + 0.00 0.20 0.01 Pancontinental V 430 0.11 0.10 0.10 - 0.01 0.13 0.02 Panex Res* O 1450 0.00 0.00 0.00 unch 0.00 0.00 0.00 Pangolin Dia V 438 0.03 0.03 0.03 unch 0.00 0.07 0.02 Panoro Mnrls* O 801 0.10 0.10 0.10 + 0.01 0.13 0.04 Panoro Mnrls V 589 0.13 0.11 0.12 + 0.01 0.17 0.07 Pantheon Vent V 179 0.08 0.05 0.08 + 0.01 0.09 0.01 Para Resources V 91 0.35 0.28 0.33 - 0.03 1.45 0.10 Paramount Gold* X 567 1.19 1.05 1.12 - 0.09 1.48 0.47 Paringa Res* O 92 0.03 0.00 0.02 - 0.00 0.19 0.00 Pasinex Res C 3035 0.02 0.02 0.02 unch 0.00 0.04 0.01 Pasofino Gold* O 79 0.14 0.13 0.14 + 0.02 0.31 0.01 Pasofino Gold V 879 0.19 0.17 0.18 unch 0.00 0.42 0.04 Patriot Gold C 112 0.21 0.09 0.16 - 0.05 0.21 0.05 Patriot Gold* O 427 0.13 0.10 0.11 - 0.01 0.14 0.02 Peabody Enrgy* N 31223 1.46 0.80 1.05 - 0.12 10.68 1.15 Pedro Res V 143 0.14 0.10 0.12 - 0.02 0.19 0.09 Pelangio Expl* O 11 0.13 0.11 0.12 - 0.00 0.20 0.08 0.16 - 0.01 0.27 0.11 Pelangio Expl V 129 0.17 0.16 Peloton Mnrls* O 5 0.11 0.10 0.10 - 0.02 0.12 0.03 Peloton Mnrls C 290 0.15 0.12 0.14 - 0.02 0.15 0.04 PepinNini Lith* O 46 0.15 0.11 0.15 + 0.01 0.15 0.00 Perseus Mng T 127 1.24 1.13 1.20 - 0.04 1.52 0.45 Pershimex Res V 444 0.05 0.04 0.05 + 0.01 0.10 0.02 Pershing Res* O 132 0.01 0.01 0.01 - 0.00 Peruvian Metal* O 0 0.00 0.00 0.02 unch 0.00 0.06 0.01 Peruvian Metal V 433 0.04 0.04 0.04 unch 0.00 0.08 0.03 Petra Diamonds* O 5 0.02 0.02 0.02 unch 0.00 0.14 0.01 Philex Mng* O 16 0.10 0.10 0.10 + 0.00 0.10 0.02 Philippine Mtl* O 25 0.08 0.06 0.08 + 0.02 0.08 0.00 Philippine Mtl V 169 0.08 0.07 0.08 + 0.01 0.12 0.02 Phoenix Global* O 6 0.50 0.00 0.50 - 0.03 0.70 0.06 Phoenix Gold V 55 0.24 0.19 0.20 - 0.05 0.25 0.01 Pine Cliff En* O 22 0.23 0.23 0.23 - 0.01 0.24 0.04 Pine Cliff En T 325 0.31 0.27 0.29 - 0.02 0.31 0.05 Pistol Bay Mng V 684 0.04 0.00 0.04 unch 0.00 0.07 0.01 Pistol Bay Mng* O 31 0.03 0.02 0.03 + 0.01 0.05 0.00 Pivit Explor C 54 0.41 0.36 0.41 + 0.04 0.42 0.12 PJSC Polyus Gd* O 14 110.00 0.00 108.00 - 7.50 128.00 43.41 PJX Res V 365 0.18 0.17 0.17 + 0.01 0.18 0.01

(100s)

Exc Volume

Week High

Low

Last Change

12-month

High Low

Stock

Plata Latina V 3 0.00 0.00 0.05 unch 0.00 0.06 0.01 Plate Res V 1098 0.09 0.07 0.09 + 0.01 0.16 0.02 Plateau Energy V 700 0.26 0.20 0.22 - 0.01 0.40 0.16 O 207 0.19 0.15 0.17 - 0.01 0.28 0.09 Plateau Energy* Platinex Inc* O 50 0.04 0.04 0.04 unch 0.00 0.08 0.01 Platinex Inc C 1204 0.06 0.05 0.06 + 0.01 0.13 0.01 101 2.56 2.31 2.41 - 0.08 3.86 1.25 Platinum Gp Mt T Platinum Gp Mt* X 690 1.96 1.80 1.82 - 0.08 2.98 0.86 Plato Gold V 480 0.04 0.04 0.04 - 0.01 0.05 0.02 0.13 + 0.01 0.21 0.02 Playfair Mng V 86 0.14 0.12 Playfair Mng* O 12 0.09 0.00 0.09 - 0.01 0.15 0.01 3.13 - 0.04 9.70 1.50 PolyMet Mng* X 2084 3.38 3.01 PolyMet Mng T 27 4.37 3.96 4.11 unch 0.00 13.00 2.45 Portage Res* O 926 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 unch 0.00 0.00 0.00 Portex Mnrls* O 7 0.00 0.00 Portofino Res V 2090 0.16 0.12 0.15 + 0.01 0.26 0.02 0.12 + 0.02 0.25 0.02 Portofino Res* O 77 0.13 0.00 Potash Ridge* O 4 0.02 0.00 0.02 + 0.00 0.05 0.01 Potash Ridge T 5248 0.03 0.02 0.03 unch 0.00 0.07 0.02 0.06 + 0.01 0.10 0.03 Power Group V 261 0.06 0.05 Power Group* O 25 0.04 0.04 0.04 unch 0.00 0.07 0.02 Power Metals* O 834 0.20 0.17 0.19 - 0.00 0.40 0.03 Power Metals V 1180 0.27 0.23 0.27 + 0.02 0.54 0.04 0.05 unch 0.00 0.10 0.04 PPX Mining V 47 0.05 0.05 Precipitate Gl* O 682 0.22 0.18 0.20 - 0.02 0.30 0.04 Precipitate Gl V 793 0.29 0.23 0.26 - 0.01 0.41 0.05 Premier Gold M T 2171 2.75 2.55 2.58 - 0.31 3.10 0.85 Premium Expl* O 1 0.00 0.00 0.00 unch 0.00 0.00 0.00 Pretium Res T 2108 16.65 15.60 15.93 - 1.27 19.13 6.25 Pretium Res* N 6324 12.80 11.93 12.13 - 1.07 14.55 4.05 1.23 - 0.08 1.67 0.14 Prime Mining* O 15 1.24 1.15 Prime Mining V 1100 1.62 1.40 1.60 - 0.11 2.17 0.25 Prismo Metals C 59 0.29 0.27 0.28 + 0.01 0.88 0.20 0.09 + 0.02 0.15 0.05 ProAm Expl V 82 0.09 0.00 Probe Metals* O 256 1.53 1.37 1.40 - 0.01 1.53 0.37 Probe Metals V 284 1.90 1.74 1.86 + 0.02 1.95 0.54 Prog Planet V 92 0.05 0.00 0.05 unch 0.00 0.11 0.02 Project One C 5 0.35 0.35 0.35 unch 0.00 0.60 0.12 Promithian Gl * O 7 6.13 4.05 6.13 + 0.19 9.78 1.80 Prophecy Pot C 10 0.15 0.00 0.15 + 0.04 0.20 0.02 Prosper Gold V 8 0.53 0.00 0.50 - 0.05 0.85 0.25 Prospero Silvr V 134 0.21 0.18 0.19 - 0.03 0.49 0.10 Prospero Silvr* O 24 0.14 0.11 0.14 + 0.03 0.32 0.11 Provenance Gld C 61 0.14 0.11 0.14 + 0.04 0.17 0.08 Providence V 654 0.12 0.08 0.12 + 0.04 0.17 0.06 O 102 0.08 0.06 0.08 + 0.02 0.17 0.02 Providence Gld* Pucara Gold V 867 0.94 0.74 0.87 + 0.06 1.50 0.61 Pucara Gold* O 265 0.68 0.60 0.65 + 0.02 0.68 0.51 O 6309 0.03 0.02 0.03 - 0.00 0.17 0.01 PUF Vent Inc * Puma Expl* O 36 0.19 0.00 0.17 + 0.04 0.18 0.03 Puma Expl V 3082 0.27 0.15 0.22 + 0.06 0.27 0.04 Pure Alumina* O 61 0.02 0.02 0.02 + 0.00 0.30 0.01 Pure Energy* O 622 0.11 0.09 0.09 - 0.01 0.24 0.02 Pure Energy V 494 0.14 0.12 0.12 - 0.02 0.24 0.03 Pure Gold Mg* O 1397 1.83 1.69 1.77 - 0.08 2.12 0.27 V 2741 2.38 2.19 2.30 - 0.12 2.79 0.38 Pure Gold Mg Purepoint Uran V 1108 0.05 0.04 0.05 + 0.01 0.08 0.03 Q-Gold Res V 75 0.45 0.40 0.45 + 0.01 0.65 0.14 0.18 + 0.05 0.21 0.03 QC Copper V 3905 0.21 0.14 QC Precious * O 560 0.17 0.15 0.16 + 0.01 0.29 0.10 QC Precious V 773 0.23 0.20 0.21 unch 0.00 0.39 0.14 QcX Gold V 418 0.16 0.14 0.14 - 0.02 0.50 0.04 QcX Gold* O 33 0.12 0.11 0.11 - 0.03 0.30 0.10 QMC Quantum Ml* O 240 0.19 0.16 0.16 - 0.01 0.20 0.03 QMC Quantum Ml V 199 0.23 0.21 0.21 - 0.01 0.27 0.06 QMX Gold* O 708 0.14 0.13 0.14 - 0.01 0.27 0.03 QMX Gold V 2152 0.19 0.17 0.18 - 0.01 0.38 0.04 Quadro Res* O 139 0.14 0.10 0.14 + 0.01 0.25 0.10 Quadro Res V 2478 0.18 0.13 0.18 + 0.01 0.33 0.03 Quantum Cobalt C 3 0.00 0.00 0.04 unch 0.00 0.06 0.01 0 0.00 0.00 0.14 unch 0.00 0.24 0.05 Quartz Mtn Res V Quartz Mtn Res* O 0 0.00 0.00 0.11 unch 0.00 0.18 0.04 Quaterra Res V 50 0.08 0.07 0.08 - 0.01 0.15 0.02 0.06 - 0.00 0.11 0.02 Quaterra Res* O 157 0.07 0.05 Quest Rare Mnl* O 313 0.01 0.01 0.01 - 0.00 0.04 0.00 Questex Gold V 67 0.56 0.00 0.52 - 0.07 0.90 0.25

R Rackla Metals* O 0 0.00 0.00 0.12 unch 0.00 0.20 0.00 0.17 - 0.01 0.28 0.08 Rackla Metals V 144 0.18 0.17 Radisson Mng V 872 0.34 0.29 0.31 - 0.02 0.40 0.09 Radius Gold V 122 0.30 0.00 0.28 - 0.02 0.38 0.11 Rae-Wallace Mg* O 5 0.18 0.18 0.18 unch 0.00 0.90 0.00 Rain City C 100 0.05 0.05 0.05 unch 0.00 0.15 0.05 Raindrop Vent C 50 0.20 0.20 0.20 unch 0.00 0.35 0.07 Rainforest Res* O 75 5.90 4.75 5.90 + 0.85 7.60 0.22 46 0.09 0.00 0.09 unch 0.00 0.18 0.04 Rainy Mtn Royl V Rambler Metals* O 38 0.02 0.02 0.02 - 0.04 0.12 0.00 Rare Element* O 620 0.66 0.50 0.54 - 0.11 1.25 0.33 V 77 0.10 0.07 0.07 - 0.05 0.12 0.05 Rathdowney Res Razore Rock Res C 15 0.07 0.07 0.07 unch 0.00 0.10 0.04 Red Eagle Mng* O 195 0.00 0.00 0.00 + 0.00 0.03 0.00 Red Moon Res V 33 0.09 0.08 0.09 + 0.01 0.18 0.04 Red Pine Expl V 1740 0.04 0.03 0.04 - 0.01 0.07 0.02 Regis Res NL* O 6 3.21 2.87 3.04 + 0.01 4.38 1.80 Regulus Res V 137 1.40 1.28 1.30 - 0.10 1.74 0.47 Remington Res V 10 0.20 0.20 0.20 unch 0.00 0.35 0.07 Renforth Res* O 117 0.05 0.03 0.03 - 0.01 1.00 0.01 Renforth Res C 2818 0.07 0.06 0.06 - 0.01 0.09 0.03 Resolve Vent V 219 0.07 0.07 0.07 + 0.01 0.16 0.05 Reunion Gold V 240 0.11 0.09 0.10 unch 0.00 0.17 0.05 0.08 + 0.00 0.13 0.04 Reunion Gold* O 29 0.09 0.07 Revelo Res V 128 0.20 0.17 0.19 - 0.02 0.29 0.05 Revival Gold * O 492 0.84 0.70 0.78 - 0.03 1.13 0.24 Revival Gold V 465 1.08 0.93 1.03 - 0.01 1.45 0.33 1.00 - 0.02 1.74 0.50 Reyna Silver V 1332 1.07 0.94 Reyna Silver* O 403 0.85 0.72 0.75 - 0.04 1.35 0.44 0.95 + 0.30 0.98 0.04 Rhyolite Res V 424 0.98 0.67 Richmond Mnls V 15 0.05 0.05 0.05 unch 0.00 0.08 0.03 Ridgeline Min V 516 0.40 0.37 0.39 - 0.01 0.74 0.36 O 6 0.06 0.05 0.06 - 0.01 0.27 0.05 Ridgestone M’g* Ridgestone M’g V 391 0.08 0.00 0.08 unch 0.00 0.30 0.07 Riley Gold V 63 0.45 0.45 0.45 unch 0.00 0.45 0.11 0.00 + 0.00 0.00 0.00 Rimrock Gold* O 8291 0.00 0.00 Rio Silver V 470 0.09 0.07 0.08 - 0.01 0.10 0.01 Rio Silver* O 137 0.07 0.05 0.06 - 0.00 0.08 0.02 N 10519 63.69 60.24 62.51 + 1.68 66.55 35.35 Rio Tinto* Rio Tinto* O 2 63.95 0.00 63.06 + 3.41 66.30 34.85 O 0 69.40 0.00 69.40 + 3.54 73.85 41.50 Rio Tinto* Rio2 Limited* O 902 0.75 0.65 0.67 - 0.03 0.78 0.11 Rio2 Limited V 396 0.93 0.86 0.88 - 0.05 1.03 0.14 11 1.00 0.00 0.95 - 0.01 1.10 0.30 Rise Gold Corp C Rise Gold Corp* O 10 0.71 0.00 0.70 - 0.03 0.83 0.31 Riverside Res V 374 0.30 0.22 0.28 + 0.04 0.54 0.10 Riverside Res* O 719 0.24 0.17 0.22 + 0.04 0.40 0.06 RJK Explor* O 304 0.14 0.12 0.14 + 0.01 0.24 0.07 RJK Explor V 296 0.19 0.16 0.18 + 0.02 0.32 0.09 0.43 - 0.05 0.56 0.10 Robex Res V 842 0.48 0.42 Rochester Res* O 0 0.00 0.00 0.06 unch 0.00 0.07 0.02 Rochester Res V 37 0.10 0.00 0.10 + 0.01 0.10 0.03 5 0.71 0.00 0.71 - 0.05 0.83 0.35 Rock Tech Lith* O Rock Tech Lith V 45 0.95 0.00 0.93 - 0.06 1.14 0.37 0.06 - 0.01 0.10 0.03 Rockcliff Met* O 47 0.07 0.06 Rockcliff Met C 715 0.08 0.07 0.07 - 0.02 0.14 0.04 Rockex Mng C 732 0.03 0.02 0.03 unch 0.00 0.05 0.02 0.12 - 0.01 0.19 0.04 Rockhaven Re* O 477 0.13 0.11 Rockhaven Res V 904 0.17 0.15 0.15 - 0.03 0.25 0.06 Rockridge Res V 1027 0.14 0.11 0.12 - 0.03 0.23 0.07 O 56 0.06 0.06 0.06 + 0.00 0.08 0.01 Rockshield Cap* Rockwealth Res V 101 0.08 0.08 0.08 unch 0.00 0.19 0.02 Rockwealth Res* O 0 0.00 0.00 0.08 unch 0.00 1.00 0.00 0.09 - 0.01 0.25 0.02 Rodinia Lithm V 907 0.10 0.08 Rogue Res V 60 0.09 0.08 0.08 - 0.01 0.10 0.02 0.33 - 0.05 1.00 0.11 Rojo Res* O 1044 0.40 0.31 Rokmaster Res* O 172 0.21 0.19 0.19 - 0.01 0.50 0.03 Rokmaster Res V 532 0.28 0.25 0.26 - 0.01 0.60 0.04 Romios Gold Rs V 84 0.05 0.00 0.05 - 0.01 0.08 0.02 Romios Gold Rs* O 301 0.04 0.03 0.03 + 0.00 0.06 0.01 RosCan Gold* O 181 0.32 0.26 0.30 - 0.02 RosCan Gold V 4970 0.42 0.35 0.41 + 0.02 0.55 0.10 Roughrider Exp V 165 0.20 0.19 0.20 + 0.01 0.36 0.08 Rover Metals* O 95 0.07 0.06 0.07 - 0.00 0.15 0.00 Rover Metals V 609 0.09 0.08 0.08 - 0.01 0.11 0.03 Roxgold T 4301 1.80 1.67 1.77 - 0.05 1.92 0.56 Roxgold* O 295 1.36 1.27 1.34 - 0.05 1.48 0.05 Royal Gold V 80 0.40 0.33 0.40 unch 0.00 0.60 0.17 Royal Gold* O 2 0.31 0.00 0.31 + 0.06 0.43 0.16 Royal Gold* D 2043 124.32 115.52 118.69 - 7.48 147.64 59.78 Royal Mines &M* O 131 0.00 0.00 0.00 unch 0.00 Royal Rd Mnrls V 533 0.40 0.36 0.37 - 0.04 0.48 0.13 Royal Std Mnrl* O 0 0.00 0.00 0.10 unch 0.00 RT Minerals V 6423 0.29 0.08 0.20 + 0.11 0.29 0.02 RT Minerals* O 29 0.20 0.13 0.15 - 0.05 0.09 0.01 RTG Mining T 4 0.18 0.18 0.18 unch 0.00 0.22 0.04 Rugby Mng V 226 0.11 0.09 0.11 + 0.01 0.19 0.05 Running Fox Rs* O 0 0.00 0.00 0.02 unch 0.00 0.07 0.01 Running Fox Rs V 11 0.03 0.03 0.03 unch 0.00 0.08 0.01 Rupert Res V 447 6.00 4.90 5.70 + 0.17 6.20 0.53 Rupert Res* O 63 4.55 3.87 4.40 + 0.24 8.70 0.43 Rusoro Mng V 2231 0.06 0.04 0.05 + 0.02 0.08 0.03 Rusoro Mng* O 140 0.04 0.03 0.04 + 0.00 0.06 0.02

S Sabina Gd&Slvr* O 1246 Sabina Gd&Slvr T 3224 Sable Res* O 230 Sable Res V 1088 Sage Gold* O 105 Sailfish Rylty V 70 Saint Jean* O 138

2.15 1.92 2.13 + 0.02 2.42 0.51 2.83 2.49 2.80 + 0.03 3.06 0.71 0.15 0.12 0.14 - 0.01 0.19 0.03 0.20 0.17 0.17 - 0.03 0.24 0.04 0.00 0.00 0.00 + 0.00 0.00 0.00 1.25 1.11 1.25 + 0.11 1.57 0.45 0.03 0.03 0.03 + 0.00 0.04 0.00

(100s)

Exc Volume

Saint Jean V 700 Salazar Res* O 132 Salazar Res V 265 50 O Salt Lake Pot* Sama Res V 468 Sama Res* O 23 149 San Gold Corp* O Sanatana Res* O 91 Sanatana Res V 478 Sandfire Res V 72 Sandfire Res* O 380 O 165 Sandspring Res* 1766 Sandstorm Gold T 8049 Sandstorm Gold* N Santacruz Silv V 1111 Sarama Res V 684 Sarissa Res* O 907 Sassy Res C 1092 Sassy Res* O 20 Satori Res V 86 Saturn Mnrls V 946 Saville Res V 283 Scandium Intl* O 206 710 T Scandium Intl Scorpio Gold V 105 53 Scorpio Gold * O Scotch Creek C 10 Scottie Res* O 293 Scottie Res V 902 ScoZinc Mg* O 1 ScoZinc Mg V 212 Seabridge Gld T 415 Seabridge Gld* N 1703 Seafield Res* O 200 Seahawk Gold C 35 Seahawk Gold* O 5 Search Mnls V 888 Search Mnls* O 325 Searchlight* O 239 O 121 SearchlightMin* SearchlightRes V 332 Secova Mtls* O 50 Sego Res V 840 Select Sands V 567 Sentinel Res C 189 Sentinel Res* O 193 Serabi Gold T 18 Serabi Gold* O 1 Serengeti Res V 305 Sherritt Intl T 1706 Shine Minerals V 6 O 5 Shine Minerals* Sibanye-Stillw* O 2 Sibanye-Stillw* N 14313 O 188 Sidney Resrces* Sienna Res* O 66 Sienna Res V 1014 Sierra Madre V 3 Sierra Metals T 471 Sierra Metals* X 985 Sigma Lithium V 29 Signature Res* O 1 Signature Res V 395 39 Silver Bear Rs* O 50 T Silver Bear Rs 164 O Silver Bull Re* 162 T Silver Bull Re Silver Dollar C 414 Silver Dollar* O 298 Silver Eleph* O 1852 Silver Eleph T 4053 Silver Grail V 52 2 Silver Mtn Mns* O 17 Silver Mtn Mns V Silver One* O 1918 Silver One V 2450 Silver Phoenix C 16 Silver Predatr* O 2 Silver Predatr V 107 Silver Range* O 60 Silver Range V 90 Silver Sands* O 386 Silver Sands C 1155 Silver Scott* O 1 Silver Spruce* O 22 Silver Spruce V 1453 Silver Viper V 419 Silver Viper* O 185 Silver Wolf V 40 3493 T Silvercorp Met Silvercorp Met* X 7045 X 2823 SilverCrest* SilverCrest T 1540 Silverore Mns* O 3 Silverstar Res* O 52 Sirios Res* O 1 Sirios Res V 205 Sitka Gold C 665 Sitka Gold* O 93 Sixty North C 360 Sixty North* O 49 Skeena Res* O 595 Skeena Res T 2499 SKRR Explor V 137 V 1497 Sky Gold Sky Gold* O 289 V 596 Skyharbour Res O 284 Skyharbour Res* Slam Explor* O 27 Slam Explor V 775 165 C Slave Lake Zn Sokoman Min* O 334 Sokoman Min V 1019 Solaris Res V 489 Solaris Res* O 38 Soldera Mining C 31 SolGold plc* O 252 SolGold plc T 218 Solitario Ex&R T 16 Solitario Ex&R* X 655 Solstice Gold V 146 150 Sonora Gld & S V Sonoro Gold* O 45 Sonoro Gold V 90 O 103 South32* Southern Arc* O 6 Southern Copp* N 4921 Southern Emp* O 40 Southern Emp V 402 Southern Silvr V 774 Southern Silvr* O 567 O 100 Southstone Min* V 188 Southstone Min 2241 Spanish Mtn Gd* O 1042 Spanish Mtn Gd V Sparton Res V 760 Sparton Res* O 2 O 736 Spearmint Res* Spearmint Res C 8103 C 76 Spey Resources Sphinx Res V 74 249 Spruce Ridge R V SRG Mining V 96 SRHI Inc* O 17 T 22 SRHI Inc SSR Mining T 3147 SSR Mining* D 9687 St Augustine T 612 C 1657 St-Georges Eco O 76 St-Georges Eco* 53 St. James Gold V 25 St. James Gold* O Stakeholdr Gld V 73 O 1113 Standard Graph* Standard Lith V 711 O 1 Standard Metal* Standard Uran* O 4 Standard Uran V 612 Stans Energy* O 99 Star Diamond* O 279 Star Diamond T 818 Star Gold* O 13 Starcore Intl* O 62 Starcore Intl T 251 103 Starr Peak Exp* O 250 Starr Peak Exp V O 0 Steele Oceanic* Stellar Africa* O 50 Stellar Africa V 158 Stelmine Can V 358 Steppe Gold T 511 Steppe Gold* O 23 Sterling Metal V 883 Sterling Metal* O 638 Stevens Gold C 31 Stone Gold V 316 O 1569 Stornoway Diam* Straightup Res C 518 Stratabd Mnr* O 2 Stratabd Mnr V 182 Strateco Res* O 180 Strategic Metl* O 184

Week High

Low

Last Change

12-month High Low

0.02 0.03 + 0.01 0.04 0.04 0.03 0.08 0.24 - 0.02 0.28 0.26 0.23 0.12 0.32 - 0.03 0.36 0.34 0.32 0.57 0.18 0.40 0.40 unch 0.00 0.40 0.12 0.12 - 0.01 0.29 0.14 0.12 0.08 0.09 - 0.00 0.22 0.11 0.09 0.02 0.00 - 0.00 0.00 0.00 0.01 0.00 0.20 - 0.00 0.32 0.26 0.19 0.08 0.26 + 0.01 0.40 0.32 0.24 0.14 0.26 - 0.01 0.40 0.26 0.22 0.11 0.20 - 0.00 0.31 0.20 0.17 0.58 2.51 - 0.17 3.51 2.66 2.46 - 0.64 14.22 4.64 9.80 10.06 10.49 - 0.57 10.63 3.32 7.50 7.64 8.06 0.07 0.32 - 0.01 0.39 0.32 0.28 0.09 unch 0.00 0.51 0.36 0.39 0.32 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.43 0.85 - 0.19 1.24 1.02 0.81 0.62 unch 0.00 0.92 0.70 0.00 0.00 0.01 0.14 - 0.01 0.20 0.16 0.00 0.07 0.12 + 0.03 0.17 0.13 0.09 0.02 0.04 - 0.01 0.06 0.05 0.04 0.03 0.11 + 0.01 0.11 0.12 0.10 0.15 0.06 0.13 0.15 + 0.02 0.15 0.05 0.16 - 0.02 0.22 0.17 0.15 0.17 0.03 - 0.00 0.12 0.12 0.12 0.07 unch 0.00 0.25 0.11 0.11 0.11 0.07 0.29 + 0.00 0.46 0.31 0.27 0.11 unch 0.00 0.53 0.38 0.40 0.35 0.19 unch 0.00 0.54 0.26 0.26 0.26 0.28 0.50 + 0.04 0.90 0.50 0.40 7.37 25.91 - 2.45 28.48 27.60 25.32 5.25 19.72 - 2.06 21.86 21.26 19.36 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.15 0.49 - 0.01 0.71 0.52 0.45 0.09 0.37 + 0.03 0.51 0.37 0.36 0.03 0.05 + 0.01 0.06 0.06 0.04 0.02 0.04 + 0.00 0.04 0.04 0.03 0.01 0.05 - 0.00 0.10 0.05 0.04 0.01 0.01 - 0.01 0.07 0.01 0.01 0.02 unch 0.00 0.14 0.06 0.06 0.06 0.00 unch 0.00 0.04 0.00 0.00 0.00 0.03 unch 0.00 0.07 0.04 0.04 0.03 0.01 unch 0.00 0.05 0.02 0.02 0.02 0.10 0.55 - 0.12 0.85 0.65 0.50 0.26 0.39 - 0.12 0.66 0.52 0.37 0.75 1.49 - 0.10 2.06 1.60 1.45 0.82 1.08 - 0.14 1.55 1.22 1.08 0.15 0.33 + 0.02 0.38 0.34 0.30 0.07 0.26 - 0.01 0.30 0.28 0.25 0.02 0.13 + 0.03 0.25 0.13 0.00 0.03 0.09 + 0.00 0.19 0.09 0.07 2.53 unch 0.00 5.00 2.90 2.90 2.90 3.50 13.36 - 1.14 14.63 14.00 12.58 0.01 0.04 - 0.00 0.08 0.05 0.04 0.02 0.06 + 0.01 0.09 0.06 0.05 0.03 unch 0.00 0.11 0.07 0.08 0.07 0.04 unch 0.00 0.20 0.11 0.11 0.11 0.89 3.08 + 0.28 3.67 3.13 2.69 0.45 2.35 + 0.19 2.75 2.42 2.06 1.30 2.64 + 0.04 3.00 2.65 2.50 0.02 0.05 + 0.00 0.08 0.05 0.00 0.02 0.09 + 0.02 0.10 0.09 0.07 0.18 0.05 - 0.02 0.08 0.10 0.12 0.24 0.05 - 0.02 0.00 0.14 0.15 0.76 0.46 - 0.02 0.51 0.56 0.59 1.40 0.24 - 0.03 0.65 0.75 0.80 0.22 1.71 - 0.02 2.00 1.79 1.59 1.10 1.29 - 0.02 2.51 1.38 1.22 0.06 0.34 - 0.01 0.45 0.38 0.31 0.10 0.45 - 0.02 0.59 0.50 0.41 0.05 0.21 - 0.04 0.35 0.24 0.00 0.00 0.40 0.21 0.22 + 0.00 0.22 0.53 0.08 - 0.04 0.00 0.29 0.32 0.11 0.57 - 0.07 0.67 0.64 0.52 0.15 0.74 - 0.11 0.87 0.83 0.67 0.10 0.15 + 0.05 0.25 0.15 0.00 0.05 0.21 - 0.02 0.34 0.26 0.20 0.04 0.19 - 0.07 0.40 0.26 0.00 0.05 0.16 - 0.02 0.21 0.18 0.15 0.07 0.21 - 0.03 0.28 0.24 0.00 0.15 0.20 - 0.01 0.37 0.26 0.18 0.10 0.27 - 0.01 0.49 0.29 0.24 0.01 0.11 + 0.01 0.30 0.11 0.00 0.01 0.05 + 0.01 0.48 0.05 0.04 0.02 unch 0.00 0.12 0.06 0.06 0.06 0.18 0.45 - 0.01 0.85 0.46 0.41 0.00 0.35 - 0.00 2.21 0.36 0.31 0.04 0.17 + 0.02 0.24 0.17 0.13 - 0.46 11.62 2.12 9.39 9.95 10.48 1.50 7.60 - 0.39 8.91 8.10 7.18 10.34 9.36 9.89 - 0.98 11.12 3.28 4.50 12.97 - 1.17 14.88 13.51 12.24 0.00 0.03 - 0.00 0.16 0.08 0.03 0.00 0.02 - 0.01 0.09 0.03 0.01 0.07 0.12 - 0.00 0.20 0.12 0.12 0.08 unch 0.00 0.26 0.15 0.16 0.14 0.05 0.17 - 0.04 0.30 0.20 0.17 0.03 0.13 - 0.04 0.22 0.15 0.13 0.03 0.08 - 0.01 0.11 0.09 0.07 0.02 0.06 - 0.01 0.08 0.07 0.06 0.37 2.01 - 0.01 2.51 2.05 1.80 0.50 unch 0.00 3.34 2.63 2.68 2.35 0.16 unch 0.00 0.50 0.30 0.33 0.30 0.05 0.16 - 0.01 0.23 0.18 0.15 0.04 0.13 - 0.00 0.20 0.14 0.12 0.08 0.19 + 0.03 0.24 0.19 0.16 0.06 0.14 + 0.02 0.18 0.14 0.12 0.00 0.06 - 0.02 0.11 0.08 0.06 0.01 0.09 + 0.01 0.16 0.10 0.09 0.13 0.04 0.07 0.09 + 0.02 0.09 0.04 0.12 - 0.01 0.15 0.13 0.12 0.05 0.17 - 0.01 0.20 0.18 0.16 1.38 5.40 - 0.10 5.55 5.55 5.05 1.97 3.97 - 0.20 4.26 4.26 3.91 0.30 0.45 - 0.01 0.50 0.46 0.45 0.13 0.47 + 0.02 0.56 0.48 0.40 0.19 0.56 - 0.02 0.72 0.59 0.54 0.22 0.51 - 0.02 1.16 0.55 0.51 0.13 0.40 - 0.01 0.88 0.44 0.39 0.02 unch 0.00 0.13 0.07 0.08 0.07 0.10 0.02 0.05 0.05 unch 0.00 0.05 0.06 0.20 - 0.02 0.28 0.24 0.18 0.07 0.26 - 0.01 0.34 0.27 0.25 0.89 unch 0.00 2.00 1.45 0.00 0.00 0.15 unch 0.00 0.68 0.19 0.19 0.15 23.43 54.39 - 0.74 55.34 56.98 53.29 0.25 unch 0.00 0.25 0.19 0.19 0.19 0.24 0.24 - 0.06 1.45 0.29 0.24 0.06 0.56 - 0.03 0.69 0.59 0.52 0.05 0.43 - 0.02 0.53 0.46 0.40 0.03 unch 0.00 0.10 0.04 0.04 0.04 0.04 0.05 + 0.01 0.14 0.05 0.04 0.59 0.03 - 0.04 0.32 0.33 0.38 0.77 0.05 - 0.05 0.42 0.43 0.47 0.02 0.07 + 0.01 0.08 0.07 0.06 0.01 0.05 + 0.00 0.05 0.05 0.04 0.01 0.04 + 0.00 0.10 0.05 0.03 0.01 0.06 + 0.01 0.10 0.06 0.05 0.02 0.14 + 0.03 0.14 0.14 0.10 0.01 unch 0.00 0.03 0.02 0.02 0.02 0.15 0.03 0.09 0.09 unch 0.00 0.10 0.22 0.50 + 0.04 1.00 0.50 0.43 0.02 0.15 - 0.02 0.78 0.17 0.00 0.14 0.20 - 0.02 0.85 0.22 0.20 12.12 25.85 - 1.04 33.69 26.50 23.27 9.00 19.69 - 0.90 25.32 20.38 17.82 0.01 0.07 - 0.01 0.15 0.08 0.07 0.03 0.10 + 0.02 0.14 0.10 0.08 0.02 0.07 + 0.01 0.08 0.07 0.06 0.28 0.05 0.00 0.17 unch 0.00 0.22 0.17 0.05 0.15 0.15 unch 0.00 0.15 0.16 0.40 + 0.01 0.60 0.41 0.38 0.05 0.07 - 0.01 0.19 0.08 0.05 0.39 2.17 + 0.08 2.30 2.21 2.01 0.02 0.03 - 0.01 0.08 0.03 0.03 0.12 unch 0.00 0.17 0.14 0.14 0.14 0.12 0.14 - 0.03 0.38 0.17 0.13 0.00 0.01 - 0.00 0.02 0.01 0.00 0.11 0.13 - 0.00 0.41 0.13 0.13 0.15 0.18 + 0.01 0.53 0.19 0.17 0.02 unch 0.00 0.19 0.06 0.08 0.05 0.00 0.23 - 0.03 0.26 0.26 0.23 0.05 0.31 - 0.03 0.35 0.33 0.30 2.24 0.25 - 0.07 1.35 1.48 1.49 2.94 0.28 - 0.05 1.77 1.97 1.97 0.15 unch 0.00 0.51 0.05 0.05 0.05 0.01 0.04 + 0.01 0.05 0.04 0.03 0.02 unch 0.00 0.07 0.05 0.05 0.00 0.04 0.07 + 0.01 0.12 0.07 0.00 0.63 2.21 - 0.25 3.14 2.42 2.10 1.42 1.68 - 0.19 2.33 1.87 1.63 0.05 0.39 - 0.01 0.75 0.45 0.04 0.00 0.30 - 0.08 0.55 0.37 0.03 0.24 0.28 - 0.03 0.32 0.28 0.00 0.02 0.21 - 0.07 0.28 0.28 0.20 0.00 0.00 + 0.00 0.02 0.00 0.00 0.10 0.20 - 0.08 0.35 0.29 0.20 0.12 0.16 - 0.02 0.19 0.18 0.00 0.04 0.23 + 0.01 0.28 0.23 0.21 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.18 0.40 - 0.07 0.60 0.47 0.40

GLOBAL MINING NEWS

Stock

(100s)

THE NORTHERN MINER / NOVEMBER 23–DECEMBER 6, 2020

Week

Exc Volume

High

Low

Last Change

12-month

High Low

Stock

Strategic Metl V 395 0.61 0.52 0.52 - 0.09 0.80 0.25 Strategic Res V 10 0.37 0.00 0.37 + 0.05 0.45 0.18 Strikepoint Gd V 2802 0.21 0.18 0.20 unch 0.00 0.27 0.02 Strikepoint Gd* O 1599 0.16 0.13 0.15 - 0.00 0.21 0.01 Strongbow Expl V 152 0.09 0.09 0.09 unch 0.00 0.15 0.03 O 0 0.00 0.00 0.05 unch 0.00 0.10 0.01 Strongbow Expl* Stroud Res V 162 0.75 0.68 0.75 + 0.05 0.83 0.15 Stuhini Explor* O 1 0.37 0.00 0.37 + 0.00 0.72 0.29 Stuhini Explor V 28 0.48 0.00 0.45 unch 0.00 0.94 0.12 Stuve Gold V 102 0.10 0.07 0.07 - 0.02 0.10 0.07 Sulliden Mng* O 1 0.03 0.03 0.03 unch 0.00 0.05 0.03 Sulliden Mng T 284 0.07 0.07 0.07 unch 0.00 0.10 0.03 Summa Silver* O 237 0.98 0.77 0.83 - 0.14 2.20 0.71 Summa Silver C 1005 1.25 1.01 1.08 - 0.19 3.50 0.09 Sun Metals V 1682 0.13 0.10 0.12 + 0.01 0.25 0.06 540 0.77 0.70 0.74 + 0.04 1.34 0.70 Sun Peak Metal V Sun Summit V 682 0.36 0.27 0.27 - 0.10 0.40 0.09 Sun Summit* O 24 0.27 0.00 0.22 - 0.06 0.28 0.06 Suncor Energy T 75470 19.75 16.80 18.27 + 2.99 45.12 14.02 Suncor Energy* N 52660 15.23 13.00 13.91 + 2.20 34.56 9.61 Superior Gold* O 147 0.57 0.52 0.52 - 0.04 1.15 0.26 Superior Gold V 645 0.74 0.68 0.69 - 0.04 1.53 0.33 Superior Mng V 76 0.50 0.42 0.45 - 0.10 0.89 0.11 Supernova Met* O 0 0.00 0.00 0.11 unch 0.00 0.24 0.03 0.19 + 0.02 0.32 0.02 Supernova Met V 567 0.19 0.15 Surge Copper * O 5 0.22 0.22 0.22 - 0.03 0.32 0.03 Surge Copper V 1023 0.43 0.38 0.38 unch 0.00 0.44 0.02 0.08 + 0.01 0.40 0.05 Surge Explor V 97 0.08 0.08 Sutter Gold* O 294 0.01 0.00 0.00 - 0.00 0.05 0.00 Syrah Res* O 120 0.41 0.33 0.36 + 0.04 0.52 0.09

T Taiga Gold C 591 Taiga Gold* O 112 Taku Gold C 150 Taku Gold* O 90 Talisker Res T 1383 Talisker Res* O 61 Talmora Diamd C 321 Talon Metals T 1765 Tamerlane Vent* O 50 Tamino Mnrls* O 5267 Tanqueray Expl V 3091 Tanzanian Gold T 60 X 1035 Tanzanian Gold* Tarachi Gold* O 384 Tarachi Gold C 1763 Taranis Res V 19 Taranis Res* O 12 Tarku Res V 282 Tartisan Nick* O 24 Tartisan Nick C 972 Taseko Mines* X 18605 Taseko Mines T 2998 Tearlach Res V 7 Teck Res T 9552 N 18441 Teck Res* Teck Res T 13 Tectonic Metal V 1420 Tectonic Metal* O 346 Telson Res V 206 Telson Res * O 211 Temas Res* O 83 Temas Res C 249 Tembo Gold V 241 Tembo Gold* O 6 Teranga Gold T 4698 Teranga Gold* O 103 Teras Res* O 92 Teras Res V 33 Terrax Mnrls V 640 Terrax Mnrls* O 229 Terreno Res V 1086 Tesoro Mnrls* O 15 Tesoro Mnrls V 17 Teuton Res V 152 Teuton Res* O 136 Texas Mineral* O 1167 Themac Res* O 3 Themac Res V 2 Thesis Gold V 10 Theta Gold* O 126 Thor Expl V 240 Thunder Mtn Gd V 4 64 Thunder Mtn Gd* O Thunderstruck V 418 Thunderstruck* O 50

0.25 0.21 0.24 + 0.02 0.31 0.07 0.19 0.16 0.18 + 0.00 0.22 0.05 0.14 0.12 0.14 + 0.02 0.15 0.03 0.09 0.09 0.09 + 0.03 0.11 0.01 0.41 0.35 0.36 - 0.06 0.44 0.35 0.31 0.00 0.28 - 0.05 0.47 0.11 0.02 0.02 0.02 - 0.01 0.05 0.01 0.32 0.30 0.31 - 0.01 0.36 0.08 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.01 0.00 1.99 1.51 1.80 - 0.30 3.14 0.50 0.88 0.80 0.84 - 0.02 1.49 0.55 0.69 0.61 0.63 - 0.06 1.09 0.36 0.37 0.27 0.36 + 0.05 0.36 0.25 0.49 0.36 0.47 + 0.09 1.00 0.04 0.12 0.11 0.12 unch 0.00 0.12 0.04 0.08 0.08 0.08 + 0.01 0.09 0.03 0.18 0.15 0.18 unch 0.00 0.22 0.04 0.25 0.20 0.25 + 0.07 0.44 0.03 0.34 0.22 0.34 + 0.09 0.34 0.05 1.07 0.79 0.83 - 0.20 1.34 0.20 1.39 1.04 1.10 - 0.25 1.76 0.28 0.11 0.11 0.11 unch 0.00 0.20 0.07 20.59 18.94 19.29 + 0.18 23.20 8.15 15.92 14.41 14.68 + 0.03 17.77 5.60 22.25 20.22 21.27 - 0.63 23.37 9.00 0.14 0.10 0.11 - 0.04 0.34 0.10 0.11 0.08 0.09 - 0.03 0.25 0.08 0.24 0.00 0.22 - 0.01 0.33 0.04 0.16 0.13 0.15 - 0.03 0.23 0.04 0.61 0.55 0.61 + 0.08 0.61 0.30 0.84 0.70 0.78 + 0.08 0.84 0.10 0.14 0.13 0.14 unch 0.00 0.30 0.03 0.11 0.10 0.11 + 0.01 0.18 0.02 14.80 12.78 13.84 - 0.48 16.80 3.86 11.73 9.89 10.50 - 0.49 12.82 2.84 0.06 0.06 0.06 unch 0.00 0.08 0.02 0.10 0.08 0.08 - 0.02 0.14 0.02 0.40 0.35 0.36 - 0.05 0.55 0.16 0.30 0.26 0.28 - 0.02 0.41 0.11 0.04 0.04 0.04 + 0.01 0.06 0.01 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.06 0.00 0.06 unch 0.00 0.08 0.03 2.86 2.42 2.79 - 0.06 4.85 0.27 2.19 1.80 1.98 - 0.16 3.80 0.20 1.52 1.23 1.44 + 0.13 2.65 0.22 0.07 0.07 0.07 unch 0.00 0.07 0.02 0.00 0.00 0.08 unch 0.00 0.08 0.03 0.80 0.52 0.59 + 0.07 0.80 0.52 0.34 0.23 0.27 + 0.03 0.70 0.10 0.21 0.19 0.19 - 0.02 0.28 0.12 0.11 0.11 0.11 unch 0.00 0.29 0.07 0.15 0.12 0.14 - 0.02 0.34 0.06 0.09 0.08 0.08 - 0.01 0.20 0.03 0.07 0.06 0.06 - 0.01 0.16 0.03

(100s)

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Stock

Till Capital V 1 4.00 0.00 4.00 + 0.10 4.00 1.01 Timberline Res V 979 0.40 0.34 0.38 + 0.04 0.47 0.06 Timberline Res* O 318 0.31 0.26 0.28 + 0.02 0.35 0.02 Tinka Res* O 804 0.14 0.12 0.14 + 0.00 0.19 0.05 Tinka Res V 769 0.20 0.17 0.19 + 0.01 0.25 0.07 0.05 unch 0.00 0.08 0.02 Tintina Mines V 45 0.05 0.05 Tisdale Res V 0 0.00 0.00 0.78 unch 0.00 1.50 0.35 Titan Mining T 90 0.88 0.82 0.84 - 0.02 1.10 0.14 Titan Mining* O 60 0.58 0.56 0.56 unch 0.00 0.78 0.11 Titanium Corp V 47 0.28 0.25 0.25 + 0.01 0.78 0.24 TMAC Resource* O 23 0.90 0.00 0.90 + 0.00 2.98 0.31 TMAC Resources T 294 1.21 1.12 1.20 + 0.03 3.93 0.44 TNR Gold V 92 0.05 0.04 0.04 - 0.01 0.07 0.02 Tocvan Venture C 477 0.40 0.32 0.36 - 0.04 0.50 0.10 TomaGold V 1597 0.10 0.09 0.09 - 0.01 0.10 0.06 O 5 2.50 2.25 2.35 - 0.15 3.09 0.50 Tombstone Expl* Tonogold Res* O 341 0.41 0.38 0.39 - 0.01 0.55 0.15 Torex Gold* O 198 16.08 14.32 14.83 - 1.25 19.45 6.19 Torex Gold T 2180 20.54 19.32 19.53 - 1.45 25.52 8.79 Torq Resources V 126 0.66 0.59 0.62 + 0.01 0.79 0.27 Torq Resources* O 10 0.46 0.46 0.46 unch 0.00 0.59 0.21 Tower Res V 608 0.09 0.08 0.09 - 0.01 0.14 0.02 Transatlantic V 108 0.06 0.05 0.06 unch 0.00 0.07 0.02 Transatlantic* O 2 0.05 0.05 0.05 unch 0.00 0.03 0.01 0.11 unch 0.00 0.18 0.08 Transition Met* O 28 0.12 0.11 Transition Met V 314 0.15 0.14 0.14 unch 0.00 0.24 0.11 Treasury Metal* O 45 1.17 1.04 1.11 + 0.02 1.40 0.90 1.45 + 0.06 1.98 0.45 Treasury Metal T 127 1.46 1.33 Trecora Res* N 330 6.72 6.41 6.50 + 0.03 Tres-Or Res* O 72 0.10 0.06 0.10 + 0.04 0.10 0.05 Tres-Or Res V 113 0.14 0.11 0.12 + 0.02 0.14 0.06 Trevali Mng* O 788 0.13 0.11 0.12 + 0.00 0.20 0.04 Trevali Mng T 6641 0.18 0.15 0.15 - 0.01 0.26 0.06 Tri Origin Exp* O 18 0.13 0.12 0.12 - 0.00 0.29 0.09 V 95 0.19 0.14 0.15 - 0.04 0.40 0.03 Tri Origin Exp Trident Gold V 5 0.12 0.12 0.12 unch 0.00 0.20 0.12 Trifecta Gold* O 13 0.07 0.06 0.06 - 0.01 0.08 0.01 0.08 - 0.01 0.12 0.02 Trifecta Gold V 52 0.09 0.08 Trilogy Mtls T 69 2.33 2.09 2.11 - 0.12 3.61 1.50 Trilogy Mtls* X 947 1.80 1.59 1.61 - 0.11 2.74 1.03 TriMetals Mng* O 61 0.11 0.10 0.11 + 0.01 0.13 0.05 Trinity Res* O 2 0.04 0.00 0.04 - 0.04 Trinity Valley V 222 0.11 0.10 0.10 + 0.01 0.15 0.04 Trinity Valley* O 340 0.09 0.09 0.09 + 0.01 0.11 0.07 O 57 0.00 0.00 0.00 unch 0.00 0.00 0.00 Trio Resources* TriStar Gold* O 457 0.26 0.22 0.24 - 0.03 0.35 0.13 TriStar Gold V 779 0.33 0.29 0.31 - 0.03 0.47 0.19 0.25 + 0.01 0.48 0.07 Triumph Gold V 899 0.26 0.22 Triumph Gold* O 295 0.19 0.16 0.18 - 0.00 0.34 0.06 Troilus Gold* O 197 0.92 0.84 0.88 - 0.07 1.33 0.30 Troilus Gold T 1411 1.18 1.08 1.16 - 0.07 1.82 0.42 Troubadour Res V 393 0.08 0.07 0.07 - 0.01 0.11 0.02 Troy Res* O 4 0.07 0.07 0.07 unch 0.00 0.27 0.03 True North Gem* O 7 0.06 0.00 0.06 - 0.02 0.10 0.02 73 0.09 0.00 0.09 + 0.01 0.13 0.04 True North Gem V Tsodilo Res V 137 0.18 0.17 0.18 + 0.02 0.21 0.05 Tudor Gold * O 176 2.52 2.21 2.22 - 0.12 3.40 0.27 2.92 - 0.15 4.51 0.38 Tudor Gold V 460 3.27 2.88 Turmalina Met V 311 1.14 0.89 1.08 - 0.01 1.80 0.27 Turmalina Met* O 54 0.86 0.76 0.83 - 0.00 1.33 0.20 Turquoise HIl* N 1521 9.19 8.06 8.79 - 0.09 12.00 3.01 Turquoise HIl T 1061 11.98 10.61 11.55 - 0.03 15.60 4.30 TVI Pacific V 194 0.03 0.02 0.02 unch 0.00 0.03 0.01 TVI Pacific* O 5 0.02 0.02 0.02 - 0.00 0.02 0.00 0.00 - 0.00 0.01 0.00 Tyhee Gold* O 245 0.00 0.00 Tymbal Res V 888 0.04 0.03 0.03 - 0.01 0.05 0.02 Typhoon Expl V 354 0.07 0.06 0.07 - 0.01 0.11 0.03

U-V U.S. Gold* D 163 9.32 8.22 9.08 + 0.18 14.44 2.61 U3O8 Corp V 75 0.16 0.11 0.12 - 0.02 0.19 0.04 U3O8 Corp* O 69 0.15 0.04 0.12 - 0.00 0.90 0.01 Ubique Mineral C 8 0.04 0.04 0.04 unch 0.00 0.06 0.04 UC Res* O 1031 1.06 0.75 0.87 - 0.07 1.06 0.09 Ucore Rare Mtl* O 2866 0.07 0.06 0.06 - 0.00 0.19 0.06 Ucore Rare Mtl V 2568 0.08 0.07 0.08 - 0.01 0.25 0.07 UEX Corp T 1702 0.15 0.13 0.14 unch 0.00 0.19 0.07 Ultra Resource* O 50 0.04 0.04 0.04 unch 0.00 0.08 0.01 Ultra Resource V 28 0.05 0.00 0.05 + 0.01 0.09 0.02 Umbral Enrgy* O 95 0.12 0.10 0.11 - 0.00 0.24 0.06 Unigold* O 339 0.40 0.34 0.35 - 0.03 0.50 0.07 Unigold V 1306 0.50 0.45 0.46 - 0.05 0.67 0.10 United Battery* O 16 0.47 0.40 0.47 + 0.04 0.76 0.03 United Battery C 24 0.67 0.00 0.56 - 0.08 0.99 0.01 United Res Hdg* O 760 0.03 0.02 0.03 + 0.00 0.06 0.02 United States A* X 7386 0.39 0.34 0.36 - 0.00 0.73 0.22 United States S* N 57387 11.00 9.88 10.58 + 0.68 14.52 4.54

(100s)

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Stock

Universal Cop* O 18 0.07 0.07 0.07 unch 0.00 0.07 0.01 0.07 + 0.01 0.12 0.03 Universal Cop V 584 0.07 0.06 Universal Vent V 461 2.28 1.91 1.95 - 0.33 6.50 1.91 Upper Canyon V 1978 0.15 0.00 0.10 - 0.06 0.50 0.05 Ur-Energy* X 2658 0.51 0.44 0.48 + 0.04 0.72 0.27 Ur-Energy T 193 0.67 0.57 0.62 + 0.03 1.00 0.39 1626 0.56 0.50 0.51 - 0.03 0.72 0.05 Uragold Bay Rs V Uranium Energy* X 6834 1.08 0.90 0.99 + 0.09 1.29 0.35 Uranium Hunter* O 378 0.03 0.02 0.03 + 0.00 2.75 0.01 D 32839 4.59 3.83 4.20 + 0.38 14.50 0.25 Uranium Res* Uranium Roylty V 241 1.20 1.14 1.18 + 0.04 1.32 0.80 Uranium Roylty* O 135 0.92 0.88 0.90 + 0.02 0.99 0.56 0.02 - 0.01 0.03 0.01 Uravan Mnrls V 44 0.03 0.02 Uravan Mnrls* O 25 0.01 0.01 0.01 unch 0.00 0.03 0.00 UrbanGold Min V 101 0.25 0.23 0.24 - 0.02 0.45 0.05 USCorp* O 1 0.00 0.00 0.00 - 0.00 0.00 0.00 Usha Res V 645 0.21 0.18 0.21 + 0.01 0.27 0.10 0.12 + 0.01 0.20 0.03 Val-d’Or Mg V 16 0.12 0.00 Val-d’Or Mg* O 43 0.10 0.08 0.09 + 0.01 0.15 0.04 Vale* N 160779 12.24 11.41 11.68 - 0.09 13.67 6.49 Valley High Mg* O 5237 0.01 0.01 0.01 + 0.00 0.02 0.00 0.20 - 0.00 0.31 0.09 ValOre Metals* O 100 0.20 0.17 ValOre Metals V 110 0.26 0.24 0.25 - 0.01 0.41 0.14 Valorem Res C 287 0.13 0.12 0.13 - 0.01 0.64 0.06 Valterra Res* O 60 0.06 0.06 0.06 unch 0.00 0.14 0.03 Valterra Res V 834 0.10 0.09 0.09 + 0.01 0.15 0.03 Vanadian Enrgy* O 1 0.06 0.04 0.06 + 0.02 0.06 0.00 0.05 unch 0.00 0.08 0.01 Vanadian Enrgy V 21 0.06 0.00 Vanadium One* O 40 0.08 0.07 0.07 - 0.01 0.09 0.03 Vanadium One V 164 0.10 0.10 0.10 + 0.01 0.12 0.04 0.05 - 0.00 0.06 0.02 Vanadiumcorp* O 83 0.05 0.04 Vanadiumcorp V 562 0.06 0.05 0.06 unch 0.00 0.08 0.03 0.22 + 0.01 0.45 0.03 Vangold Res* O 253 0.23 0.18 Vangold Res V 459 0.29 0.27 0.28 unch 0.00 0.34 0.03 Vanstar Mng Rs* O 1149 2.32 1.04 1.15 + 0.05 1.39 0.20 985 1.58 1.32 1.51 + 0.09 1.75 0.27 Vanstar Mng Rs V Vantex Res * O 25 0.15 0.15 0.15 unch 0.00 0.22 0.08 Vantex Res V 96 0.22 0.17 0.19 + 0.02 0.31 0.12 0.45 - 0.01 0.54 0.20 Velocity Mnrls V 224 0.46 0.45 Velocity Mnrls* O 16 0.36 0.34 0.35 + 0.01 0.41 0.15 Vendetta Mng V 624 0.06 0.06 0.06 - 0.01 0.11 0.03 Vendetta Mng* O 187 0.05 0.00 0.05 + 0.00 0.09 0.01 Venture Mnrls* O 36 0.03 0.03 0.03 unch 0.00 0.03 0.00 0.77 + 0.12 0.80 0.21 Verde Potash T 289 0.78 0.65 Verde Res* O 33 0.01 0.01 0.01 unch 0.00 0.01 0.00 Veris Gold* O 459 0.02 0.00 0.00 - 0.00 2.00 0.00 Vertical Expl* O 0 0.00 0.00 0.03 unch 0.00 0.04 0.02 Vertical Expl V 386 0.04 0.03 0.03 - 0.01 0.07 0.02 Victoria Gold* O 435 12.25 10.07 10.12 - 2.39 16.09 2.88 13.29 - 2.93 21.04 4.02 Victoria Gold T 1662 16.00 13.21 Victory Metals* O 95 0.51 0.30 0.48 + 0.09 0.45 0.11 Victory Metals V 642 0.64 0.50 0.62 + 0.07 0.64 0.17 0.03 + 0.00 0.06 0.01 Victory Nickel* O 8 0.03 0.02 Victory Nickel C 76 0.04 0.00 0.04 + 0.01 0.08 0.01 Victory Res* O 0 0.00 0.00 0.10 unch 0.00 0.10 0.02 0.08 + 0.01 0.30 0.06 Victory Res C 314 0.08 0.06 Virginia Enrgy* O 155 0.07 0.00 0.07 + 0.02 0.11 0.03 0.09 + 0.02 0.15 0.04 Virginia Enrgy V 38 0.09 0.00 Viscount Mng V 104 0.49 0.46 0.47 - 0.02 0.49 0.20 Visible Gold M* O 0 0.16 0.00 0.16 + 0.02 0.15 0.02 V 275 0.22 0.17 0.21 + 0.03 0.31 0.04 Visible Gold M Vision Lithium V 1376 0.03 0.03 0.03 unch 0.00 0.10 0.01 Vision Lithium* O 31 0.02 0.02 0.02 - 0.00 0.08 0.01 1.02 - 0.05 1.45 0.36 Vista Gold* X 1189 1.10 0.98 Vista Gold T 58 1.42 1.28 1.37 - 0.03 1.90 0.51 0.19 - 0.02 0.36 0.09 Viva Gold* O 203 0.22 0.18 Viva Gold V 277 0.28 0.24 0.25 - 0.03 0.48 0.14 Vizsla Res V 1225 1.79 1.50 1.60 - 0.15 2.93 0.24 O 424 1.36 1.16 1.22 - 0.11 2.14 0.16 Vizsla Res * Volatus Cap C 395 0.22 0.20 0.20 - 0.02 0.44 0.08 Volcanic Gold* O 17 0.35 0.35 0.35 unch 0.00 0.68 0.03 0.48 + 0.01 0.93 0.05 Volcanic Gold V 146 0.50 0.45 Voyageur Min* O 4 0.25 0.00 0.25 unch 0.00 0.38 0.13 Voyageur Min C 5 0.33 0.33 0.33 unch 0.00 0.52 0.13 Voyageur Min* O 2 0.03 0.03 0.03 unch 0.00 0.10 0.03 Voyageur Min V 190 0.04 0.00 0.04 unch 0.00 0.12 0.04 VR Resources* O 58 0.23 0.20 0.23 + 0.01 0.35 0.10 0.30 + 0.03 0.50 0.16 VR Resources V 56 0.30 0.26 Vulcan Mnrls V 80 0.08 0.00 0.07 unch 0.00 0.10 0.03 Vulcan Mnrls* O 3 0.07 0.00 0.06 - 0.01 0.07 0.03 VVC Expl V 416 0.07 0.06 0.07 + 0.01 0.07 0.02 VVC Expl* O 243 0.06 0.05 0.06 + 0.01 0.06 0.01

W-Z Walcott Res C 28 Walcott Res* O 7 Walker Lane* O 0

0.90 0.00 0.90 + 0.05 0.95 0.09 0.69 0.61 0.62 - 0.03 0.72 0.17 0.00 0.00 0.09 unch 0.00 0.20 0.02

(100s)

Exc Volume

Week High

Low

23

12-month

Last Change

High Low

0.08 + 0.01 0.14 0.05 Walker River* O 439 0.08 0.07 Walker River V 696 0.11 0.10 0.10 unch 0.00 0.19 0.06 O 1008 0.70 0.65 0.67 - 0.03 1.01 0.25 Wallbridge Mng* Wallbridge Mng T 3195 0.92 0.83 0.87 - 0.04 1.35 0.33 0.35 - 0.10 0.70 0.02 Waraba Gold C 252 0.45 0.31 Warrior Gold* O 266 0.09 0.07 0.08 - 0.01 0.11 0.03 0.10 - 0.02 0.15 0.03 Warrior Gold V 662 0.12 0.09 Waseco Res V 462 0.04 0.04 0.04 - 0.01 0.07 0.02 0.08 + 0.01 0.29 0.05 Wealth Mnrls* O 136 0.09 0.07 Wealth Mnrls V 201 0.11 0.10 0.11 + 0.02 0.38 0.07 V 5 0.06 0.00 0.06 unch 0.00 0.12 0.03 Wescan Gldflds Wesdome Gold T 3322 12.50 10.91 11.00 - 1.78 15.00 5.85 Wesdome Gold* O 483 9.68 8.34 8.37 - 1.42 11.37 4.10 West High Yld V 114 0.23 0.18 0.23 + 0.04 0.30 0.07 West Mining V 8 0.30 0.26 0.30 unch 0.00 0.30 0.26 West Red Lake* O 187 0.10 0.09 0.09 - 0.01 0.17 0.02 West Red Lake C 1991 0.13 0.11 0.12 - 0.02 0.21 0.04 West Vault V 101 1.99 1.77 1.96 + 0.01 1.99 0.45 Western Areas* O 46 1.58 1.41 1.51 + 0.06 2.02 1.15 Western Atlas V 147 0.13 0.13 0.13 unch 0.00 0.19 0.04 Western Atlas* O 18 0.12 0.12 0.12 unch 0.00 0.14 0.04 T 235 1.54 1.36 1.50 + 0.09 1.95 0.44 Western Copper Western Copper* X 589 1.17 1.04 1.14 + 0.07 1.53 0.31 Western Gold V 73 0.60 0.00 0.49 + 0.09 0.60 0.01 Western Mag* O 442 0.10 0.09 0.09 + 0.00 0.17 0.07 0.12 - 0.01 0.23 0.09 Western Mag V 436 0.13 0.12 Western Potash T 105 0.18 0.00 0.18 + 0.01 0.32 0.13 Western Res* O 10 0.14 0.13 0.14 + 0.02 0.23 0.11 Western Troy C* O 3 0.16 0.16 0.16 unch 0.00 0.16 0.10 Western Troy C V 50 0.24 0.22 0.24 - 0.07 0.33 0.05 Western U&V C 111 0.77 0.60 0.64 + 0.04 1.10 0.25 Western U&V* O 133 0.56 0.44 0.49 + 0.02 0.84 0.15 Westgold Res* O 1 1.92 1.92 1.92 unch 0.00 1.98 1.00 Westhaven Gold V 457 0.93 0.82 0.89 - 0.01 1.25 0.35 Westhaven Vent* O 129 0.73 0.64 0.68 - 0.03 0.93 0.25 Westkam Gold* O 7 0.21 0.14 0.21 + 0.04 0.22 0.10 Westkam Gold V 140 0.30 0.00 0.29 + 0.07 0.30 0.08 V 162 0.20 0.00 0.20 + 0.02 0.20 0.04 Westminster Rs Westminster Rs* O 5 0.14 0.14 0.14 + 0.03 0.14 0.05 WestMountain* O 1 2.94 0.00 2.94 + 1.04 7.00 1.75 Wheaton Prec M T 8640 62.89 56.71 59.70 - 5.91 76.69 26.99 48.64 43.42 45.45 - 4.88 57.89 18.66 Wheaton Prec M* N 11636 White Gold* O 221 0.70 0.61 0.63 - 0.07 2.00 0.29 White Gold V 1113 0.90 0.84 0.84 - 0.07 1.34 0.41 White Metal Rs V 425 0.07 0.06 0.07 unch 0.00 0.07 0.02 480 0.01 0.01 0.01 - 0.00 White Mtn Engy* O Whitehaven Coa* O 3 0.84 0.77 0.84 + 0.07 Wildsky Res* O 31 0.15 0.14 0.14 - 0.01 0.20 0.04 Wildsky Res V 3 0.19 0.00 0.19 + 0.01 0.26 0.01 Winshear Gold V 259 0.11 0.08 0.08 - 0.03 0.20 0.05 Winshear Gold* O 60 0.07 0.00 0.07 - 0.00 0.11 0.03 Winston Gold C 1277 0.19 0.17 0.18 - 0.01 0.20 0.01 Winston Gold* O 2874 0.15 0.09 0.14 - 0.01 0.17 0.00 Winston Res C 1150 0.89 0.57 0.65 - 0.18 2.25 0.05 0.16 - 0.00 0.25 0.05 Wolfden Res* O 7 0.16 0.00 Wolfden Res V 88 0.20 0.19 0.20 unch 0.00 0.32 0.07 Wolfeye Res V 337 0.69 0.63 0.64 - 0.02 1.28 0.43 Worldwide Res V 370 0.04 0.04 0.04 unch 0.00 0.07 0.02 X-Terra Res* O 44 0.12 0.12 0.12 + 0.00 0.18 0.03 X-Terra Res V 541 0.16 0.14 0.15 unch 0.00 0.25 0.03 Xanadu Mines T 334 0.07 0.05 0.05 + 0.01 0.10 0.01 Xander Res V 303 0.19 0.15 0.17 - 0.01 0.45 0.04 Xander Res* O 57 0.14 0.12 0.14 + 0.02 0.20 0.12 Xemplar Egy* O 4 0.00 0.00 0.00 unch 0.00 0.00 0.00 Xiana Mng V 90 0.07 0.07 0.07 unch 0.00 0.39 0.04 Ximen Mining V 351 0.42 0.36 0.37 - 0.09 0.80 0.26 Ximen Mining* O 42 0.32 0.29 0.29 - 0.07 0.60 0.20 Xplore Res V 41 0.10 0.10 0.10 unch 0.00 0.11 0.08 Xtierra Inc V 59 0.15 0.00 0.15 unch 0.00 0.23 0.03 Xtra-Gold Res T 77 1.24 1.16 1.24 unch 0.00 1.54 0.43 0.95 + 0.02 1.15 0.30 Xtra-Gold Res* O 40 0.95 0.90 Yamana Gold T 15292 7.37 6.94 7.22 - 0.55 9.29 3.11 Yamana Gold* N 82123 5.68 5.31 5.49 - 0.45 7.02 2.23 Yanzhou Coal* O 49 0.74 0.00 0.74 unch 0.00 0.95 0.64 0.04 - 0.00 0.06 0.02 Yorbeau Res* O 74 0.04 0.03 Yorbeau Res T 1180 0.05 0.05 0.05 - 0.01 0.08 0.02 ZEN Graphene* O 789 1.70 1.16 1.26 - 0.22 1.50 0.17 ZEN Graphene V 3816 2.23 1.52 1.65 - 0.20 2.23 0.26 Zena Mining V 197 0.13 0.12 0.13 + 0.01 0.15 0.04 Zephyr Mnls* O 122 0.12 0.11 0.11 - 0.02 0.88 0.11 Zephyr Mnls V 298 0.16 0.15 0.15 - 0.01 1.15 0.15 Zimtu Capital V 209 0.22 0.17 0.17 - 0.05 0.28 0.08 Zinc One Res * O 95 0.01 0.00 0.01 + 0.00 0.10 0.00 ZincX Res V 162 0.11 0.00 0.10 - 0.01 0.16 0.06 ZincX Res* O 50 0.08 0.00 0.08 + 0.00 0.11 0.04 Zonte Metals V 736 0.30 0.20 0.27 + 0.06 0.37 0.16 Zonte Metals* O 175 0.15 0.14 0.14 - 0.01 0.28 0.12

BID-ASK — NOVEMBER 9–13, 2020

STOCK

79 Resources African Metals Aftermath Silv Aiml Res Alacer Gold Allante Res Altair Res Inc Amseco Expl AMV Capital Anglo-Bomarc Antler Hill Asbestos Corp Atlanta Gold Aurelius Min Aurex Energy Austin Res Avarone Metals Aya Gold Balto Res Banro Corp* Barker Min Barolo Venture Baroyeca Gold BE Res BHK Mining Black Mammoth Blackheath Res Boss Power Brunswick Res Bullion Gold Cadillac Vent Cairo Res Camrova Res Canterra Mnls Cassius Vents Castle Peak Mg Centurion Mnls Cerro de Pasc Cleghorn Mnls Cliffmont Res Cliffs Nat Res* Clydesdale Res Comet Inds Cresval Cap CROPS Cyntar Venture Cyprium Mng Damara Gold Duro Metals DV Resources EastCoal Inc Electra Stone ESV Res Eurotin Everton Res Excalibur Res Fabled Copper Finore Mng Fire River Gol First Idaho Four Nines Freedom Egy Full Metal Mnl Fusion Gold Galantas Gold Galore Res GAR Limited General Moly*

EXC

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

BID

0.13 0.06 0.24 0.14 9.41 0.01 0.03 0.04 0.17 0.08 0.05 0.40 0.03 0.13 0.04 0.08 ...

1.94 0.08 0.11 0.01 0.18 0.21 0.20 0.02 0.07 0.19 0.17 ...

0.06 0.02 0.35 ...

0.15 0.08 0.01 0.07 ...

0.09 0.08 1.45 0.05 3.20 0.02 0.01 0.10 0.03 0.06 0.17 0.09 0.08 0.01 0.56 0.02 0.10 0.09 0.17 0.12 0.03 0.10 0.40 0.02 0.14 0.01 0.25 0.02 ... ...

ASK

0.14 0.09 0.25 0.29 9.52 ...

0.04 0.08 0.20 0.08 0.05 0.85 0.04 0.14 0.06 0.12 ...

2.19 0.09 0.11 0.01 0.18 0.25 0.20 0.02 0.08 0.23 0.20 0.05 0.15 0.03 0.87 0.01 0.15 0.14 0.02 0.10 ...

0.12 0.12 3.20 0.07 3.40 0.02 0.01 0.38 0.03 0.07 0.38 0.12 0.19 0.02 0.56 0.02 0.10 0.10 0.17 0.12 0.07 0.33 0.42 0.02 0.14 ...

0.27 0.03 ... ...

LAST

12-MONTH HIGH

0.13 0.15 0.06 0.25 0.33 0.29 0.31 9.47 10.82 0.16 0.03 0.04 0.04 0.08 0.15 0.20 0.15 0.06 0.07 0.80 0.99 0.03 0.04 0.14 0.15 0.05 0.16 0.08 0.13 0.04 0.15 2.01 2.50 0.09 0.19 0.11 2.10 0.01 0.27 0.33 0.21 0.25 0.20 0.25 0.02 0.08 0.17 0.20 0.24 0.17 0.03 0.10 0.47 0.03 0.05 0.21 0.35 0.07 0.15 0.30 0.08 0.10 0.01 0.03 0.07 0.08 0.29 0.34 0.09 0.12 0.08 0.13 1.43 7.17 0.03 0.05 3.20 3.50 0.03 0.08 0.02 0.04 0.19 0.21 0.03 0.07 0.09 0.18 0.27 0.10 0.20 0.09 0.09 0.01 0.56 0.56 0.02 0.04 0.03 0.10 0.11 0.07 0.16 0.11 0.09 0.12 0.44 0.45 0.01 0.10 0.17 0.23 0.45 0.03 0.03 0.15 4.13 0.11 100.00

LOW

0.10 0.05 0.10 3.50 0.01 0.02 0.07 0.04 0.30 0.03 0.03 0.03 0.04 0.03 0.82 0.03 0.10 0.18 0.03 0.09 0.04 0.05 0.09 0.01 0.20 0.05 0.04 0.01 0.04 0.12 0.03 0.05 0.98 0.01 3.00 0.02 0.01 0.11 0.02 0.11 0.05 0.06 0.40 0.01 0.01 0.03

0.10

0.03 0.01 0.13 0.10

STOCK

Gentor Res GFM Res GK Resources Global Cop Grp GobiMin Golden Cariboo Golden Harp Golden Indepen GoldHaven Res Graphite Egy Great Lakes Gr Great Quest Fe Green Arrow Grenville Gold Grosvenor Res GrowMax Res Handa Mining HFX Holding High Point Exp Highbury Proj Highvista Gold Hylands Intl IEMR Res Indico Res Indigo Expl Inspiration Mg Intl Battery Intl Bethl Mng Iron South Mng Jasper Mining Jazz Res Jubilee Gold K9 Gold Karora Res Kermode Res Knick Expl Kodiak Copper Latin Metals Leo Res Lida Resources Lido Minerals Lovitt Res Madeira Mrnls MAG Silver* Major Precious Margaret Lake Mariner Res Martina Mnls Matachewan Con Mega Copper Melior Res Metalore Res Micrex Dev Midasco Cap MillenMin Vent Milner Con Slv Minecorp Egy Mineral Hill Minsud Res Mongoose Mg Montana Gold Napier Vent Navis Res Corp Nebu Res New Klondike Northway Res NRG Metals Oceanic Iron O

EXC

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

BID

0.04 0.09 0.11 0.07 0.19 0.12 0.25 ... ... ...

0.05 ...

0.02 0.12 0.16 0.04 0.03 0.02 0.22 0.17 ...

0.03 0.02 ...

0.07 ... ...

0.03 0.24 0.06 0.25 0.46 0.17 0.47 0.01 0.01 0.05 0.03 ... ...

0.22 0.15 ...

12.52 ...

0.03 ...

0.05 0.12 0.12 0.05 2.30 0.02 0.08 ...

0.10 ...

0.15 0.06 0.07 0.09 0.06 ...

0.04 0.01 0.14 0.31 0.16

ASK

0.07 0.11 0.13 0.08 0.29 0.14 0.30 ... ... ...

0.05 0.01 0.03 0.15 0.24 0.04 0.04 ...

0.40 ... ...

0.06 0.03 0.01 0.09 ... ...

0.04 0.27 0.08 0.27 0.80 0.24 0.48 0.02 0.01 0.06 0.04 ... ...

0.25 0.21 ...

13.30 ...

0.04 ...

0.13 0.16 0.26 0.08 3.37 0.02 0.10 ...

0.13 ...

0.20 0.08 0.20 0.10 ... ...

0.04 0.01 0.45 0.34 0.18

LAST

12-MONTH HIGH

0.03 0.06 0.10 0.15 0.11 0.17 0.08 0.11 0.21 0.35 0.13 0.15 0.23 0.44 0.38 0.40 0.42 0.45 0.47 0.47 0.04 0.10 0.02 0.04 0.13 0.15 0.17 0.20 0.09 0.03 0.05 0.01 0.01 0.30 0.30 0.23 0.30 0.17 0.03 0.06 0.03 0.04 0.01 0.07 0.15 0.03 0.31 0.03 0.06 0.24 0.28 0.05 0.12 0.27 0.44 0.80 0.80 0.24 0.28 0.48 0.73 0.01 0.02 0.01 0.05 0.13 0.03 0.16 1.09 0.24 0.27 0.21 0.30 0.20 0.27 0.03 12.52 14.40 0.42 0.42 0.03 0.09 0.59 0.62 0.05 0.05 0.14 0.18 0.12 0.29 0.08 0.08 2.30 3.65 0.01 0.08 0.15 0.05 0.10 0.20 0.12 0.20 0.15 0.06 0.11 0.05 0.15 0.10 0.10 0.07 0.14 0.30 0.04 0.01 0.14 0.17 0.31 0.66 0.19 0.24

LOW

STOCK

0.03 0.05 0.11 0.04 0.20 0.02 0.06 0.05 0.06 0.42

Odyssey Res Omai Gold Optimus Gold Ord Mountain Origin Gold Pac Arc Res Pan Andean Min Parallel Mng Parlane Res Plata Latina Primary Energy Prime Meridian Prism Res Project One Quantum Cobalt Quantum Cobalt Quartz Mtn Res Quinto Res Rain City Raindrop Vent Rare Element* Razore Rock Res Red Oak Mining Reliant Gold Riley Gold Rizal Res Rockland Mnls Rockwealth Res Ross River Royal Gold Sage Gold Samco Gold Scotch Creek Secova Mtls Sennen Potash Sierra Madre Skarb Explor Sonora Gld & S Southern Arc SouthGobi Res Southstone Min Stans Energy Stria Lithium Surge Explor Tajiri Res Thunder Mtn Gd Tiger Intl Tintina Mines Trench Metals Tri-River Vent Trident Gold TriMetals Mng Vale* ValOre Metals Vatic Vent Venerable Vent Viking Gold Voyageur Min Whitemud Res Winshear Gold Yukoterre Res Zadar Ventures Zara Res Zinc One Res Zinco Mng Zincore Mtls

0.02 0.06 0.09 0.02 0.01 0.02 0.22 0.03 0.01 0.06 0.01 0.04 0.03 0.14 0.38 0.16 0.20 0.01 0.04 0.02 0.13 0.19 0.09 6.12 0.02 0.02 0.13 0.05 0.10 0.02 0.02 1.00 0.07 0.02 0.07 0.01 0.05 0.02 0.04

0.05 0.24 0.04

EXC

BID

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

0.04 0.02 0.13 0.30 0.26 0.03 ...

0.14 0.06 0.04 ...

0.07 0.04 0.34 0.03 ...

0.15 0.08 0.05 0.18 0.11 0.06 0.10 ...

0.40 0.01 0.07 0.08 ...

0.33 0.01 0.01 0.11 0.05 ...

0.11 0.20 0.05 0.32 ...

0.01 0.01 0.03 0.39 0.19 0.09 0.09 0.04 0.55 ...

0.12 0.11 ...

0.06 0.05 0.12 ...

0.25 0.01 0.12 ...

0.33 ...

0.01 0.05 ...

ASK

0.06 0.02 0.18 ...

0.28 0.25 0.09 0.15 0.06 0.05 ...

0.07 0.05 0.37 0.04 ...

0.19 0.08 0.08 0.24 0.16 0.10 0.15 ...

0.44 0.02 0.08 0.09 0.25 0.40 0.01 0.05 0.16 0.06 1.10 0.14 0.89 0.06 0.90 0.10 0.01 0.01 0.03 0.44 0.19 0.22 0.14 0.06 0.55 ...

0.17 0.12 ...

0.07 ...

0.18 0.30 0.33 0.02 0.14 ...

0.33 ...

0.02 0.07 0.40

LAST

12-MONTH HIGH

LOW

0.05 0.06 0.01 0.15 0.15 0.20 0.25 0.24 0.37 0.16 0.27 0.09 0.10 0.15 0.23 0.07 0.10 0.05 0.06 0.17 0.82 0.07 0.10 0.04 0.04 0.35 0.60 0.04 0.06 1.10 3.15 0.14 0.24 0.08 0.08 0.05 0.15 0.20 0.35 0.15 0.89 0.07 0.10 0.10 0.15 0.02 0.45 0.45 0.02 0.08 0.11 0.08 0.19 0.26 0.40 0.60 0.02 0.05 0.11 0.25 0.05 0.06 0.45 0.11 0.20 0.28 1.00 0.05 0.10 0.89 0.93 0.09 0.20 0.01 0.04 0.01 0.02 0.02 0.03 0.39 0.23 0.19 0.23 0.11 0.29 0.10 0.20 0.05 0.08 0.55 0.22 0.04 0.12 0.20 0.12 0.12 10.24 11.10 0.07 0.13 0.10 0.12 0.15 0.31 0.59 0.33 0.52 0.02 0.03 0.14 0.15 0.10 0.11 0.30 0.35 0.07 0.22 0.01 0.03 0.05 0.05

0.02 0.01 0.06 0.05 0.16 0.05 0.10 0.02 0.01 0.16 0.04 0.01 0.12 0.01 0.20 0.05 0.02 0.05 0.07 0.06 0.04 0.05 0.11 0.01 0.02 0.17 0.07 0.04 0.04 0.11 0.02 0.24 0.06 0.01 0.01 0.01 0.03 0.03 0.07 0.07 0.02 0.04 0.12 0.03 6.57 0.07 0.03 0.28 0.13 0.01 0.05 0.08 0.08 0.07 0.01

24

NOVEMBER 23–DECEMBER 6, 2020 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM