The Northern Miner October 15 2018 Issue

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Portfolio managers weigh in on future for gold PRECIOUS METALS SUMMIT |

Positive outlooks for gold in 2019, 2020

BY RICHARD QUARISA rquarisa@northernminer.com BEAVER CREEK, COLORADO

Denison Mines’ Wheeler River uranium project in northern Saskatchewan’s Athabasca basin. DENISON MINES

Phoenix value soars for Denison as costs drop URANIUM

| Wheeler River property could host Canada’s first ISR uranium mine

BY BRIAN SYLVESTER Special to The Northern Miner

A

new prefeasibility study on Denison Mines’ (TSX: DML; NYSE-AM: DNN) flagship Wheeler River uranium project in northern Saskatchewan’s

Athabasca basin says underground in-situ recovery methods would lower cash-operating costs at the high-grade Phoenix deposit to US$3.33 per lb. — an eye-popping decrease from the US$22.15 per lb. determined in a preliminary economic assessment (PEA) com-

ONTARIO’S NEWEST GOLD MINE GOLD CORP

pleted just two and half years ago.

The remarkable drop in anticipated operating costs throttles up the study’s pre-tax net present value of the Phoenix deposit to $1.41 billion from $513 million, using a base uranium oxide (U3O8) price of US$44 per lb., and an 8% discount rate. That’s a 275% boost from the PEA. At press time the spot price for U3O8 was US$27.50 per pound.

The pre-tax internal rate of return on Wheeler River also jumps to 47.4%, versus 20.4% in the 2016 PEA. And the pre-tax payback pe-

riod shifts to 15 months, versus 36.

Meanwhile, total recovered U3O8 would reach almost 60 million lb. over 10 years, which is virtually unchanged from the 2016 PEA. The dramatic change in economics is all about the move from the costly “jet bore” mining method used in the PEA to an advanced form of in-situ recovery (ISR).

“The selection of ISR will prove to be a defining moment for our company and a potentially transformational development for the future See DENISON / 2

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P

recious Metals Summit Conferences wrapped up its annual three-day event in fine form this year in Beaver Creek, Colorado.

The eighth consecutive Summit ran from Sept. 20–22. Temperatures rose to a high of 17°C, as is typical in the region that time of year, and the sun shone across a cloudless sky.

“This is a good time to come visit because it’s our most colourful season,” the cab driver says during the half-hour drive from Eagle County Airport to Beaver Creek. She gestures to Colorado’s surrounding See SUMMIT / 15 PM40069240

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Core racks in the winter at Denison Mines’ Wheeler River uranium project in Saskatchewan. DENISON MINES

Phoenix value soars for Denison as costs drop DENISON From 1

of uranium mining in the Athabasca basin, as we’ve now conceived the idea of bringing the world’s lowestcost uranium mining method to the jurisdiction hosting the world’s highest-grade uranium deposits,” said Denison president and CEO David Cates during a post-release conference call.

But will it work at cash costs of US$3.33 per lb.?

“The question is how efficient is [the operation] underground,” said Colin Healey, a research analyst with Vancouver-based Haywood Securities. “If it is as efficient as [Denison] expects in the study, then the costs will be similar. But if the fluids don’t move through the deposit in the way that they expect or the leachability is slower, then the costs go up, because either you need more acid or you need more time.”

Regardless, Healey says the prefeasibility study makes Denison a more likely takeover target.

The new study “demonstrates the potential for much more compelling economics than the prior preliminary economic assessment,” Healey explained.

In-situ recovery is used throughout Kazakhstan — the world’s lowest-cost uranium producer — the U.S., China and Australia, but has yet to be used in Canada. Nonetheless, half of the world’s uranium is recovered using in-situ methods.

The environmental assessment process could take four years, but no company has permitted an insitu uranium recovery operation in Canada.

“We have done some initial scoping with the [environmental] regulators … I would categorize those early discussions as being very encouraging,” Cates said during the call.

Healey, however, cautioned that it would “be more complicated than the environment assessment process for a conventional uranium mine in the eastern Athabasca.”

THE 2019 CANADIAN MINING HALL OF FAME INDUCTEES

The two underground ore zones at Phoenix have been defined over a strike length of 1 km at 400 metres below surface — above the unconformity between the Athabasca basin sandstone and older basement rocks.

The deposit is contained in a relatively small area, compared with typical ISR roll-front uranium deposits. Denison claims Phoenix is the highest-grade undeveloped uranium deposit in the world.

The Wheeler River project hosts a probable reserve of 109.4 million lb. U3O8 , with 59.7 million lb.

U3O8 from 141,000 probable tonnes grading 19.1% U3O8 from Phoenix and 49.7 million lb. U3O8 from 1.26 million probable tonnes grading 1.8% U3O8 at Gryphon.

The project is a joint venture between Denison, which owns 63.3% and acts as operator, Cameco (TSX: CCO; NYSE: CCJ) with 26.7%, and Japan-based JCU Exploration, with 10%.

Denison is increasing its ownership in the project to almost 90%, under two recent agreements with Cameco.

Denison plans to recover uranium oxide at Phoenix by artificially freezing the “ore” to create an impermeable “cap.” A Denison spokesperson says this would allow the mining solution to be contained and recovered without contaminating

“THE SELECTION OF ISR WILL PROVE TO BE A DEFINING MOMENT FOR OUR COMPANY, AND A POTENTIALLY TRANSFORMATIONAL DEVELOPMENT FOR THE FUTURE OF URANIUM MINING IN THE ATHABASCA BASIN.” DAVID CATES PRESIDENT AND CEO, DENISON MINES

the environment, or being diluted by natural groundwater.

The huge McArthur River and Cigar Lake uranium deposits in the Athabasca basin already use similar “freeze walls” to keep groundwater from flooding the operations.

In-situ recovery would involve injecting an acid reagent, known as “lixiviant,” into the Phoenix deposit via 200, four-inch drill holes. The solution would dissolve the uranium oxide as it travels through the ore, and the pregnant solution would be pumped out by way of 94 recovery wells.

The Phoenix processing plant’s throughput rate would be 500 litres per minute. Lab testing shows recoveries as high as 98.5%, with concentrations from 12 to 20 grams per litre.

Once the uranium is recovered, the solution is injected back into the holes to recover even more U3O 8 .

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Cost savings come from not having to remove waste and process massive amounts of ore.

The upfront capital costs at Phoenix would be $323 million, plus $100 million or so in sustaining capital.

Denison has just under $30 million in cash.

Construction is scheduled to start in 2021, with commercial production in 2024. Production is slated to last 10 years.

The prefeasibility study also sees Phoenix being developed ahead of the nearby Gryphon deposit.

Gryphon would stay an underground operation, using long-hole mining methods.

The study also projects falling operating costs at Gryphon. Costs in the new study dip to US$11.70 per lb. from US$14.28 per lb., while total U3O 8 recovered at Gryphon is modestly higher at 49 million lb. — up from 42 million lb. over 6.5 years of operation.

The $623 million in capital costs for Gryphon would come from cash generated by Phoenix once it is up and running.

Ore from Gryphon would be processed at Denison’s 22.5%-owned McClean Lake mill, which is situated 160 km northeast of the Wheeler River property.

The mill processes all the ore produced from the Cigar Lake mine under a toll-milling arrangement.

The McClean Lake mill was built in 1997 and is being upgraded to an annual capacity of up to 24 million lb. U3O8 .

After the release of the study, Haywood Securities raised its target price on Denison to $2 per share, up from $1.80.

Shares in Denison trade in a 52-week range of 88¢ to 50¢. The company has just under 600 million shares outstanding and a $475-million market capitalization.

“Taken as a whole, the Phoenix operation demonstrates robust economics, even at current [market prices for U3O8],” said Peter Longo, Denison’s vice-president of project development, during the conference call.

—Based in Toronto, Brian Sylvester is a freelance business writer specializing in mining.

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Cameco scores victory over CRA COURT CASE

| Tax court decision bodes well for uranium miner’s pending cases “WE HAVE MADE DIFFICULT DECISIONS TO MANAGE THE RISKS WE FACE ... DUE TO THE UNCERTAINTY CREATED BY THIS DISPUTE.”

BY TRISH SAYWELL

T

tsaywell@northernminer.com

he Tax Court of Canada has ruled in favour of Cameco (TSX: CCO; NYSE: CCJ) in the company’s decade-long dispute with the Canada Revenue Agency over tax reassessments for the 2003, 2005 and 2006 tax years.

The Tax Court said Cameco was in full compliance with Canadian laws regarding the marketing and trading structure involving foreign subsidiaries and the related transfer pricing methodology used for certain inter-company uranium sale and purchase agreements.

The court has referred the case back to the Minister of National Revenue, which will issue new reassessments for the tax years in question. CRA has 30 days to appeal the ruling.

Cameco said it will also submit an application to the court to recoup costs incurred during the course of the dispute.

The total tax reassessed for 2003, 2005 and 2006 was $11 million, 50% of which Cameco has already paid, and now expects to be refunded.

To date Cameco has paid or otherwise secured $781 million in taxes, plus related interest penalties on reassessments for the tax years from 2003 to 2012 ($303 million in cash and $478 million in letters of credit), or about half of the total claimed by CRA for those years.

The tax years from 2013 through

TIM GITZEL PRESIDENT AND CEO, CAMECO

2017 have not been reassessed yet.

“As we hoped and expected, it was a clear and decisive ruling in our favour,” Tim Gitzel, Cameco’s president and CEO, declared in a morning conference call. “Our company has been through a lot over the past several years, so this is a great day for Cameco, for our investors, for our employees, and our other stakeholders.”

While the decision only applies to the tax years 2003, 2005 and 2006, where the cash taxes owing were modest and is subject to appeal, Gitzel said, “the thorough and meticulous analysis of the facts in the judgment will make it difficult to overturn, and furthermore will be relevant in determining the outcome for subsequent years.”

Cameco has been reporting on its transfer pricing dispute since 2008.

The CRA, Gitzel explained, had been shifting all of the income

earned by Cameco’s subsidiary, Cameco Europe Ltd., back to Canada and applying Canadian steps towards tax rates, interest and penalties. Although the court case only covered the years 2003, 2005 and 2006, Cameco disclosed the amount owing if the CRA were to assess the company from 2003 to the end of 2017.

“In that scenario, the total potential cash taxes and transfer pricing penalties owing were estimated to be between $1.95 billion to $2.15 billion,” Gitzel said. “In addition, interest and installment penalties would be charged, which would be material.

“Let me be clear,” he said. “We followed all the rules at the time we set this structure up, and we set it up in a jurisdiction that had a regulatory system that understood nuclear energy and how nuclear materials are transacted.

We put inter-company purchase and sale agreements in place that were comparable to the arm’slength contracts we were signing with third parties at the time.”

Gitzel said that at the time Cameco set up the structure, the federal government “recognized the disadvantage its tax system imposed on Canadian companies relative to its global competitors,” and “to preserve head office jobs and investment in Canada, it encouraged companies like Cameco to set up these types of structures.

“The Tax Court of Canada’s ruling confirms that our marketing and trading structure was set up appropriately,” he continued. “It also confirms that the transactions between Cameco and its European subsidiary were commercially normal and the pricing under its purchase and sale agreements was appropriate.”

As a result, he explained, the CRA does not have the right to shift all of Cameco Europe’s income back to Canada and tax it in Canada, and all of the taxes the company owed were paid in accordance with tax rules.

Gitzel cautioned that the CRA can appeal the ruling, and the appeal could take two years. But he also noted that the three tax years in question (2003, 2005 and 2006) will have to be re-assessed in accordance with the ruling. And if the decision is appealed, the CRA may continue to reassess Cameco for the tax years 2013 and beyond.

“While the [court] decision does not automatically apply to subsequent years, we believe the thorough and meticulous analysis of the facts in the judgment will be relevant in determining the outcome for subsequent years,” Gitzel said.

“However, with the finding that the structure was appropriate and the contracts commercially normal, we believe there is no basis to shift all the income earned by Cameco Europe back to Canada and apply Canadian statutory rates, interest and penalties.”

Gitzel ended the call with comments about how the dispute had negatively impacted the company, its employees and its stakeholders.

“As a result of this dispute, we have had to fight through a sevenyear trough in our industry with what feels like having our hands tied behind our backs,” he said.

“We have made ver y diff icult decisions in order to manage the risks we face, which in large part are due to the uncertainty created by this dispute.”

Those decisions resulted in the loss of jobs for nearly 1,500 employees, shutting down operations in northern Saskatchewan and reducing the workforce at its corporate office to preserve its financial capacity during a downturn in the market. He also noted that the decisions the company has made as a result of the dispute have affected some of Canada’s most vulnerable communities. TNM

JOINT VENTURE ARTICLE

Advantage Lithium leverages Orocobre relationship to push Cauchari towards feasibility Advantage Lithium Corp. (TSX-Venture: AAL; OTCQX: AVLIF) is drilling 4,800 metres at its Cauchari joint-venture lithium project in northern Argentina’s Jujuy province to further expand and upgrade its already increased resource of 3.02 million tonnes of LCE. This third phase of drilling comes on the heels of a positive preliminary economic assessment (PEA) that Advantage Lithium tabled in mid-August, just over a year after drilling its first hole on the property in late April 2018.

The Vancouver-based company began by drilling the nor thwest portion of the 92.6 sq. km property, and is working its way to the southeast with as many as four drills turning at any given time.

“The focus this year is to take the inferred resource into measured and indicated and to show that the hydrology in the pump tests and the dynamic modelling of this basin works,” says Advantage Lithium president, CEO and founder David Sidoo.

As of a May 2018 estimate, the project contains 5.5 million inferred tonnes grading 450 mg lithium per litre and 4,028 mg potassium per litre for 3.02 million tonnes of lithium carbonate equivalent and 9.5 million tonnes of potash.

The company’s PEA assigned the project an excellent US$830 million after-tax net present value at an 8% discount rate and a 24% af ter-ta x internal rate of return.

The project would require US$401 million in pre-production capital expenditure with sustaining capital of US$2.75 million per year over the mine’s 25 year life. Payback would be in three years and four months from the start of production.

1-16_OCT15_Main .indd 3

Advantage Lithium Corp. and Orocobre’s Cauchari lithium property in Argentina. Photo credit: Advantage Lithium Corp.

The company is poised to move quic kly into a fe asibilit y study thanks to good planning and a strong relationship with its partner Orocobre (TSX: ORL; ASX: ORE), which owns 25% of the Cauchari project.

“Before we put out the PEA, we had engaged the permits, had the drill rigs ready, and were already initiating this drill program,” explains Sidoo.

Orocobre has been active in the Cauchari salar for more than a decade and producing lithium

since 2015 at facility that lies just 10 km from the Cauchari. Orocobre produced 3,596 tonnes of lithium carbonate in 2018’s second quarter, or 28% higher than in the previous quarter.

Orocobre allowed Advantage Lithium use its drill data to better understand the basin’s geology and map drill targets. Sidoo says that using the same consultants as Orocobre is allowing his company to fast track the project from the PEA right into a definitive feasibility study (DSF). The company’s

own drill results compare well to Orocobre’s, as well as those of the nearby Lithium Americas (TSX: L AC; NYSE: L AC) and Ganfeng Lithium (SHE: 002460), which have t he ir j oint-ve nture d C auc har iOlaroz lithium project in the same basin. “ T h e m a i n re a s o n we p a r tnered with Orocobre is because they understood the basin,” says Sidoo. “They’re the only new independent producer in the last twenty years that’s come to the marketplace. They understand the

Cauchari basin, they understand the government relations and they understand how to get permits.

They’ve got strong environmental protocols put in place and they have retention of very good staff and experienced people — who in this basin are very difficult to retain.”

In addition to owning par t of Cauchari, Orocobre also has a 29% stake in Advantage Lithium, making it the company’s largest single shareholder. When Advantage Lithium completed a $12-million financing in late July 2018, Orocobre elected to maintain its position.

“This shows they feel this is a world class project,” comments Sidoo.

In tandem with its PEA, Advantage Lithium has engaged Goldman Sachs Group (NYSE: GS) as its sole financial adviser. Goldman Sachs will help Advantage Lithium find funding for future aspects of the project.

Shares of Advantage Lithium are currently trading at 70¢ with a 52-week range of 48¢ to $1.42.

The company has a $110 million market capitalization and $17 million in cash. It’s fully funded up to its DFS, which it aims to table by the second quarter of 2019.

“We really feel like at the end of the day Cauchari is going to rival Atacama in terms of production numbers,” says Sidoo.

— The preceding Joint Venture Article is promoted content sponsored by Advantage Lithium Corp. and written in conjunction with The Northern Miner. Visit www. advantagelithium.com to learn more.

2018-10-17 12:29 PM

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Gold majors jostle for attention in Denver

My three ‘Eureka!’ moments as a Canadian explorer

GOLD

| Most majors end 2017 with 50M+ oz. in reserves

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T

he pecking order within the global gold mining industry is never more on display each year than at the Denver Gold Forum in September, with miners and developers of all sizes converging to capture the attention of big investors.

After a tough several years that saw the near wholesale changeover amongst execs of

BY JOHN CUMMING jcumming@northernminer.com the top gold miners, the presidents and CEOs that presented were a familiar bunch.

In its presentation this year, Newmont Mining, the world’s largest gold mining company — at least for now — highlighted that it is already five years into its sweeping, company-wide plan to create long-term value.

Newmont president and CEO Gary Goldberg noted that in 2017, its Tanami expansion came online in Australia; the Ahafo mine expansion in Ghana was funded; its five-year outlook improved; and its dividend grew.

He said Newmont has three priorities: “To deliver superior operational execution by running our mines safely and efficiently; to sustain a global portfolio of long-life assets by advancing profitable expansion and exploration on four continents; and to maintain a superior value proposition for our stakeholders through leading profitability and responsibility.”

Newmont is guiding production for 2018 of between 4.9 and 5.4 million oz. gold. At the end of 2017, Newmont had 68.5 million oz. in attributable gold reserves, unchanged from 2016.

Barrick Gold was absent from the forum schedule, having just unveiled its proposed blockbuster deal to merge with Randgold Resources on an all-share, no-premium basis. Barrick executive chairman John Thornton will keep this role in the new company, while Randgold CEO Mark Bristow will become president and CEO of “New Barrick Group.”

At the end of 2017, Barrick had 64.4 million oz. gold in reserves. The company is guiding 2018 production of 4.5 to 5 million oz. gold.

Post-merger, New Barrick Group could produce upwards of 6 million oz. gold in 2019 from Barrick and Randgold current mines, thus regaining the crown as the world’s largest gold miner.

AngloGold Ashanti’s presentation was delivered by new CEO and executive director Kelvin Dushnisky, who recently departed Barrick as president.

Looking relaxed and cheerful, Dushnisky said he wanted to give some of his initial impressions of AngloGold.

“In many respects I’m in listen-and-learn mode, and getting as many perspectives from within and outside the company as I can.

And it’s been, well, the expression is ‘drinking water from a fire hose’ — or maybe it’s more like being under a water bomber. But it’s what I expected and so far, so good.”

He said he has found reassurance in a “strong alignment” between management and the board, and one of his priorities will be to ensure the Obuasi mine in Ghana is redeveloped on time and on budget.

AngloGold is guiding 2018 production at 3.4 million oz. gold. It closed 2017 with 49.5 million oz. gold in reserves.

Goldcorp president and CEO David Garofalo reiterated his company’s view that the optimum size for a major gold producer is to produce 3 million to 4 million oz. gold annually from six to eight camps — which describes Goldcorp’s current structure, but with all assets in the Americas.

He said Goldcorp’s “20/20/20 Plan” is unchanged, and still seeks to achieve 20% growth in production, 20% reduction in all-in sustaining costs and 20% growth in reserves between 2017 and 2021.

Garofalo commented that, in respect to the Barrick–Randgold deal’s effect on the gold industry, “nothing changes, but I will say that it points to very positive things about the fundamentals of the sector.

Clearly, if you’re constructing an US$18-billion deal, something of that magnitude, putting together assets of that scale, it’s a bullish signal on gold.”

For 2018, Goldcorp is guiding production of 2.5 million oz. gold. It ended 2017 with 53.5 million oz. gold in reserves.

Kinross Gold also anticipates producing 2.5 million oz. this year, but as gold equivalent — not pure gold. For 2018, Agnico Eagle Mines anticipates producing 1.58 million oz. gold, Nordgold foresees up to 1 million oz. gold and Iamgold is guiding up to 900,000 oz. gold. TNM

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

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

COMPANY INDEX 92 Resources. . . . . . . . . . . . 6 Alexco Resource. . . . . . . . 14 Americas Silver . . . . . . . . . 9 Anglo American. . . . . . . 16 Anglo Gold Ashanti . . . . 15 Bear Creek Mining . . . . . 13 BHP Billiton. . . . . . . . . . . 16 Bunker Hill Mining. . . . . 13 Cameco. . . . . . . . . . . . . . 2,3 Capstone Mining. . . . . . . 14 Coeur Mining. . . . . . . . . . 15 Corvus Gold. . . . . . . . . . . 15 Denison Mines. . . . . . . . . . 1 Equinox Gold. . . . . . . . . . . 8

Far Resources. . . . . . . . . . . 6 First Majestic Silver. . 13,15 Fresnillo. . . . . . . . . . . . . . . 12 Golden Arrow Resources. . . . . . . . . . . . 13 Goldplay Exploration. . . 13 Granite Creek Copper. . . 14 Group Ten Metals . . . . . . 14 Guyana Goldfields. . . . . . 16 Harte Gold . . . . . . . . . . . . . 8 Iamgold. . . . . . . . . . . . . . . . 8 JCU Exploration. . . . . . . . 2 MAG Silver. . . . . . . . . . . . 12 McEwen Mining . . . . . . . . 8

Metallic Minerals. . . . . . . . 9 New Gold . . . . . . . . . . . . . . 8 North American Palladium. . . . . . . . . . . . 13 Osisko Mining. . . . . . . . . . 6 Pershing Gold. . . . . . . . . . . 9 Sibanye-Stillwater . . . . . . 14 SilverCrest Metals . . . . . . 15 SolGold. . . . . . . . . . . . . . . 16 Sunshine Silver Mining. . 15 Tocqueville Asset Management. . . . . . . . . 15 Van Eck Associates . . . . . 15

ODDS ‘N’ SODS

| Manitoba and Newfoundland prove bountiful for the intrepid

BY JAMES WADE Special to The Northern Miner

T

he excitement of a mineral discovery is a “Eureka!” moment, and this is the story of my three eureka moments. I’m 77 years old now, so some of the details may be misted by time, but the big picture is correct.

For the first six years of my life, I lived in Copper Cliff, Ont., where my dad worked for Inco in the smelter. In 1946 we moved to Joeburke, Ont., which was a whistle stop along the CNR main line between Gogama and Foleyet.

The developing Joeburke Gold Mines gold mine was a mile or so into the bush from the rail line, and my family moved to the area to be part of the developing gold mining community. It didn’t work out that way, but that’s another story.

My dad and mom ran a grocery store and post office near the railroad and had a few tents stretched over two-by-fours and plywood frames, which they rented to miners and their families.

Our horse Nellie was a feisty black mare that pulled us around winter and summer to deliver groceries and light freight.

My first two trips down a mine was when I was seven years old, where I learned what gold looked like. I really enjoyed those trips, liked the feel of the underground and made a career decision that I wanted to be in this business — and have now been in it for more than 50 years.

It was not always easy, but I’m happy I made that decision and wouldn’t change it.

Now onto my first eureka moment.

Joe Brummer hired me in November 1962 to work for him on a nickel exploration project with headquarters in Wabowden, Manitoba. It was my first real job in mining and a formative experience.

I was to look after expediting, core management, sampling and X-ray analysis using a Philips portable X-ray spectrometer. Some of the other members of the exploration team during that winter drilling program were Colin Coates, Bill Dales, Dave Emery, Max Good, Roy Saukko and Pete Potapoff. At one point of the winter program we had 15 drills operating.

With a diamond-impregnated grinding wheel, the operator Alf Baer would grind a uniform groove along the sample length of the core and give me the grindings in a paper sample bag for nickel and copper analysis in the X-ray spectrometer. It was a new tool at that time and good for quickly determining the grades of the metals in core samples without sending samples to a lab for expensive analysis, the results of which would be received several weeks later.

One morning in March 1963 Max Good was planning to fly out to check on the progress of one of the drills he was overseeing at an anomaly being tested. I got an early morning start and ran assays on

the core he had recovered to date on that anomaly and “Eureka!” we had some 6%+ nickel assays.

I saw Max going towards the airbase to get the plane and called him over to my workplace to see the results. We took the results to Joe, who was pleased.

There was excitement in the air — we had a discovery!

This discovery eventually became the Manibridge Mines orebody. In the summer of 1970 I was employed as a mining engineering student to work there, and was allowed to supervise the change over from shaft sinking to development and do the mine scheduling and preliminary mine layout for production.

The mine was operated by Falconbridge Nickel Mine Ltd (now Xstrata) between 1971 and 1977.

The mine had a mineral inventory of 1.41 million tons (including 15% dilution) at 2.25% nickel, 0.27% copper plus cobalt to a depth of 1,250 feet.

THERE WAS EXCITEMENT IN THE AIR — WE HAD A DISCOVERY! Newfoundland zinc Charlie Pegg, the exploration manager for Leitch Gold Mines, had an idea that there might be a geological environment on the Great Northern Peninsula in Newfoundland similar to that which hosted the lead-zinc mines in Ireland.

A syndicate of three equal partners — Leitch Gold Mines, Highland Bell Silver Mines and American Metals Climax — formed what became Newfoundland Zinc Mines as the operating entity.

In the spring of 1963 Pegg started regional geochem soil and stream-bed sediment sampling and prospecting programs in the area around Daniel’s Harbour.

One summer day at noon, Mike Labchuck, a prospector, stopped on the shore of a large pond for lunch.

After lunch he smoked a cigarette, and like most experienced prospectors, butted his cigarette in the ground to be sure it was out.

When he looked at the place where he was butting it, the rock was cauliform honey jack sphalerite. Hunting around a bit further, the entire outcrop where he had stopped was the same. He had a discovery. Eureka!

He ran most of the five miles through the bush and swamp back to the coastal road and sped to Angus Wentzel’s motel at Portland Creek, where the crew was staying only to find no one there. He had to wait till early evening, when the rest of the crew returned from the field to share his excitement.

A rum or two was splashed over the lips that evening.

After fruitless geophysical work, drilling started in early 1964 and continued to the end of 1965. Ivor Watson was the geologist in charge of the project for two years, and he moved on in 1966, leaving a solid, technical base of 50,000 feet of core and core logs from which See EUREKA / 7

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 15–28, 2018

5

Five industry influencers named to Canadian Mining Hall of Fame I

EXCELLENCE

n 2019, the Canadian Mining Hall of Fame will welcome five new inductees: Kate Carmack, James M. Franklin, James W. Gill, A. M. (Sandy) Laird and Brian K. G. Meikle. The thirtieth annual induction dinner is set for the evening of Jan. 10, 2019, at the Metro Toronto Convention Centre in downtown Toronto.

The Northern Miner is a co-founding sponsor of the Hall of Fame, along with the Canadian Institute of Mining, Metallurgy and Petroleum, the Mining Association of Canada and the Prospectors & Developers Association of Canada. For more information and for tickets to the event, visit www.mininghalloffame.ca.

Kate Carmack

Kate Carmack (1857–1920) The discovery of placer gold in the Klondike set off one of the world’s greatest gold rushes and forever changed the history of Yukon and Canada. Historic accounts of the landmark event recognized the contribution of Canadian prospector Robert Henderson and the bonanza gold strike made by American adventurer George Carmack, his wife Kate (Shaaw Tlaa) and her Tagish First Nation relatives, brother Skookum Jim Mason (Keish) and nephew Tagish Charlie (Kaa Goox). The day of discovery was Aug. 17, 1896.

In July 1896, George and Kate Carmack, along with Skookum Jim Mason and Tagish Charlie, were camped at the junction of the Yukon and Klondike Rivers. Henderson visited their fish camp and told Carmack of promising “colours” he had found panning in Gold Bottom Creek. Henderson invited Carmack, a part-time prospector, to try his luck in the region, but made it known that he did not want Natives staking claims. Carmack and his team later visited Henderson’s showing, but left unimpressed. During the brief visit, Henderson again offended Carmack’s Indigenous partners.

His prejudices would ultimately cost him a fortune.

The Carmack team returned to their camp via Rabbit Creek, a tributary of the Klondike River, where the first large gold nugget was then found. Carmack claimed he made the discovery, but other accounts credit Skookum Jim. Oral histories shared among local Indigenous communities suggest that Kate found the nugget while getting water for tea. Clouded in hearsay and sensational reporting of the time, most historians agree that it is not clear who made the actual discovery. It is accepted, however that the Carmack team, wandering and living off the land for a decade, were the ones in the right place at the right time.

Carmack and his male partners rushed to register their claims on Rabbit Creek, which was soon renamed Bonanza Creek. Prospectors swarmed nearby creeks to stake claims after hearing news of the spectacular discovery, but not Henderson, who continued to work his

| Honourees found success prospecting, developing and operating mineral projects KLONDIKE DISCOVERERS INDUCTED Kate Carmack (1857–1920)

2019

George Carmack (1860–1922)

1999

Robert Henderson (1857–1933)

1999

Skookum Jim Mason (c. 1859–1916) 1999 Tagish Charlie (c. 1865–1908)

1999

meagre claim just over the hill. By the time he found out, all of Bonanza Creek had been staked. Also staked was a small branch tributary named Eldorado, which proved to be even richer in placer gold.

George and Kate Carmack, Skookum Jim and Tagish Charlie prospered from the discovery, unlike Henderson, who lost his unregistered claim and blamed Carmack for not keeping him informed of the find. The Canadian government later awarded a modest pension to Henderson for being the first to systematically explore the Klondike region and recognize its gold potential.

As news of the discovery reached the world, 30,000 men and women stampeded to the Klondike and established booming Dawson City, named after George Dawson of the Geological Survey of Canada. At the height of the rush, 22,000 people climbed the arduous Chilkoot Pass on their way to the Yukon goldfields.

Faded photographs showing a thin black line of climbers on the snowclad mountain are among the most poignant and memorable images of Canadian history.

The Klondike rush established Yukon and opened up the North, as well as Canadians’ eyes to its possibilities. An active placer mining industry continues in Yukon today, and some of its miners are the descendents of men and women who joined the Klondike rush more than a century ago.

James M. Franklin

James M. Franklin (b. 1942) James Franklin is a distinguished geoscientist who helped build and advance the knowledge base of Canada’s mineral industry. He spent much of his career with the Geological Survey of Canada (GSC) documenting the complex evolution of the Canadian Shield and the link to its phenomenal mineral wealth.

He was a pioneer in the development of models and techniques to guide exploration for volcanogenic massive sulphide (VMS) deposits and led ocean-based research of “black smoker” systems to understand how VMS deposits form. In addition to these technical contributions, which led to discoveries and mines, Franklin served the minerals sector as a geological consultant, educator, author, lecturer and industry ambassador.

Born in North Bay, Ont., Franklin earned BSc (1964) and MSc (1967) degrees from Carleton University, and his PhD (1970) from the University of Western Ontario. He joined

the GSC in 1975, after a six-year term as the first professor of economic geology at Lakehead University.

As a young GSC research scientist, Franklin developed the regional metallogenic framework for the Southern, Churchill and Superior provinces of the Canadian Shield.

His pioneering work in the field of economic geology contributed to numerous gold and base metal discoveries and mines in Canada and abroad. Franklin was also the driving force behind the development and refinement of the definitive model for VMS deposits. He focused on the areas of volcanic cycles, age dating and alteration lithogeochemistry — all of which became tools in VMS exploration.

Franklin’s 1981 review of copperzinc deposits, published in the 75th anniversary volume of Economic Geology, continues to be a valued guide on VMS exploration, and is one of the most cited papers in the field. In 2005, Franklin was senior author of an updated sequel to his landmark treatise that was published on Economic Geology’s 100th anniversary.

In 1981, Franklin began a 10year odyssey in offshore exploration and sea-f loor research. He was amongst the first geologists to use a deep submersible to discover and study “black smokers” on midocean ridges off the coast of British Columbia. His research and the first ocean-based drilling program helped establish the links between modern and ancient sea-floor hydrothermal systems. This research enhanced the industry’s ability to understand the environments in which VMS deposits form and the processes that leave a traceable deposit footprint.

Franklin continued to advance Canada’s minerals industry in his role as chief geoscientist of the GSC from 1993 to 1997. He managed the GSC’s entire science program (domestic and international), as well as its strategic planning and inter-governmental accords and initiatives.

He established the popular “Bacon and Eggheads” forum in Ottawa to help inform and educate politicians and bureaucrats of the importance of science to the economy. He also encouraged the industry to build bridges of understanding with other influential segments of society.

After leaving the GSC, Franklin continued to serve the minerals sector as an independent geological consultant, director of exploration companies, supporter of industry associations and causes, and as a mentor of young geoscientists. He has received numerous awards for his achievements, including the RAF Penrose Gold Medal from the Society of Economic Geologists and the Logan Gold Medal from the Geological Association of Canada.

James W. Gill (b. 1949) James Gill secured a place in mining history through the exceptional success and staying power of Aur Resources. In 1981, he made a timely decision to launch his own company and begin the hunt for projects with potential to become producing mines. With a PhD in economic geology and early career experience with senior companies, he brought strong technical skills and a disciplined approach to corporate management to his newly incorporated junior. Aur began life with $250,000 of seed capital, which Gill parlayed into a large land pack-

age in Quebec’s Val-d’Or mining camp. Aur became a modest-sized gold producer through discoveries and mine acquisitions, but the breakthrough came in 1989 with the Louvicourt copper-zinc discovery.

Gill’s entrepreneurial energy came to the fore as Louvicourt developed into one of Canada’s premier copperzinc mines. He continued to develop and acquire mines in Canada and abroad until 2007, when he negotiated a $4.1-billion buyout of Aur by Teck Resources.

Mining was part of Gill’s DNA, as his grandfather James E. Gill (a 2003 CMHF inductee) was a successful consulting geologist and an influential professor of economic geology at McGill University. Born in Montreal, James W. Gill is a McGill graduate with a BSc degree (1971) and a MSc degree (1976). He also earned a PhD from Carleton University in Ottawa.

Gill began his career with Getty Mines, Cominco, Texas Gulf Sulphur and Denison Mines, before forming Aur. He was a determined but strategic risk-taker who focused on known prospects and old mines in established mining camps. Two early discoveries, Norlartic and Kierens, became mines, and Aur acquired two others to achieve 75,000 oz. gold production by 1992.

James W. Gill

Gill’s leap into the big leagues came with the 1989 Louvicourt discovery in Quebec, which was considered the most significant base metal find since the Kidd Creek discovery in 1963. Along with Aur vice-president Howard Stockford, Gill turned his attention to developing and operating the mine. He raised $300 million to put Louvicourt into production, and achieved this goal less than five years after discovery. By closure in 2005, the mine had produced more than 1 billion lb. copper and more than 500 million lb. zinc, plus gold and silver by-products.

Another phase of Aur’s growth occurred when Gill acquired controlling interests in the Andacollo copper project and the Quebrada Blanca copper mine in Chile, and the Duck Pond zinc-copper deposit in Newfoundland and Labrador.

Andacollo and Duck Pond were developed by Aur into producing mines while Quebrada production was upgraded and expanded, resulting in Aur becoming a global mining company, with more than 2,000 employees.

Aur ranks among the most successful companies of its time, which is a testament to Gill’s visionary leadership. In 2007, after 26 years of creating value for shareholders, he negotiated the $4.1-billion transaction in which Aur was ultimately acquired by Teck Resources.

Gill has received many awards for his achievements, notably the Bill Dennis Prospector of the Year and The Northern Miner’s Mining Man of the Year in 1989, and the Viola Macmillan Developer of

the Year in 2006. He served on the 1997 Mining Standards Task Force, and, in recent years, the Gill Family Charitable Trust has provided significant financial support to the education initiatives of the Mining Matters charitable foundation.

A. M. (Sandy) Laird

A. M. (Sandy) Laird (b. 1934) During a 39-year career with Placer Dome and predecessor Placer Development, Sandy Laird was directly involved in transforming at least 15 mineral projects into profitable mines. He was a driving force in the company’s project development group, which he headed from 1988 to 1995, and was later responsible for Placer Dome’s global operating and development subsidiaries. Many of the mines were large, technically complex, and in challenging jurisdictions. Laird earned a reputation for overcoming obstacles and delivering projects to high technical, social and environmental standards.

He was a team-builder and a key participant in the growth of Placer into one of the world’s great mining companies before it was acquired

by Barrick Gold in 2006.

Born in Invermere, B.C., Laird spent several summers as an underground miner and a geologist assistant before graduating from the University of British Columbia, with a BASc in mining engineering in 1957. He joined Placer in 1960, and worked in various positions at the Craigmont mine near Merritt, British Columbia. Placer was then considered a prime training ground for young engineers, and Laird’s responsibilities increased as he quickly scaled the ranks, moving to Endako as open-pit superintendent in 1964.

From 1968 to 1971, he was the resident manager during construction and start-up of the Marcopper mine in the Philippines. During the next 10 years, Laird worked in management positions in Vancouver and San Francisco, and built and managed the McDermitt mine in Nevada. In 1981, he was transferred to Sydney, Australia, where he was responsible for the revised feasibility study and subsequent construction of the Kidston gold project in Queensland.

Kidston benefitted from innovative construction techniques and sound engineering, and became Australia’s highest gold producer in its first calendar year.

Laird returned to Vancouver in 1985 as manager of design and construction. During this period, he was responsible for the evaluation and development of the Misima mine on Misima Island in Papua New Guinea (PNG). The location of this project also required innovative concepts, including the safe deposition of tailings in a deep depression on the ocean floor.

In 1988, Laird became vicepresident of project development, with immediate responsibility of the Porgera project in the remote highlands of PNG. Porgera was See CMHF / 16

6

WWW.NORTHERNMINER.COM

OCTOBER 15–28, 2018 / THE NORTHERN MINER

92 Resources finds lithium pegmatites at Corvette QUEBEC

| Options adjacent claims from Osisko Mining “WE WANT TO REALLY PUT A LOT OF OUR EGGS INTO THIS BASKET AND DEVELOP THIS PROJECT OURSELVES.”

BY RICHARD QUARISA

F

rquarisa@northernminer.com

our new spodumene-bearing pegmatites have been unearthed by 92 Resources (TSXV: NTY; US-OTC: RGDCF) on its 100% owned Corvette lithium property in the James Bay region of Quebec. It has divided them into two zones called CV3 and CV4.

During its 10-day, mid-year exploration program this year, 92 resources discovered the pegmatite.

CV3 is 20 metres long and 3 metres wide, and located 250 metres south of CV1. CV4 contains three spodumene-bearing outcrops across 140 metres, and is located 3 km northeast of CV1. All the pegmatites occur along the same trend.

The company took grab samples from CV3 and CV4 grading 1.61% lithium oxide and 0.74% lithium oxide.

The news comes shortly after the company staked another 96 claims contiguous south and east of the original property. The extra claims total 49.18 sq. km and raise 92’s land package to 172 claims totalling 88 square kilometres.

It also signed an option in early September to earn up to 75% of 28 adjacent Osisko Mining (TSX: OSK; US-OTC: OBNNF) claims that form the eastern part of Osisko’s FCI property. The Osisko claims add up to 7 km of prospective strike along the pegmatite-bearing trend, raising the total length under 92’s control to 15 kilometres.

To earn a 50% interest, 92 will issue Osisko 2 million shares and spend $2.25 million in exploration over three years: $250,000 by the end of the first year, $800,000 by the end of the second and $1.2 million by the end of the third. At that point the companies would form a fifty-fifty joint venture. The company would earn its final 25%

THE PERFECT

GIFT

ADRIAN LAMOUREUX PRESIDENT AND CEO, 92 RESOURCES

Spodumene-bearing pegmatite outcrops at 92 Resources’ Corvette lithium property in Quebec’s James Bay region. 92 RESOURCES

interest by spending another $2 million on exploration.

“The overall trend from Corvette was continuous onto Osisko’s FCI property, and because of that it was imperative that we were able to secure that ground,” 92 Resources president and CEO Adrian Lamoureux says in an interview with The Northern Miner. “We’re quite confident with that trend that we’ll find

similar results on FCI to what we found on Corvette.”

It also took channel samples to further define its CV1 and CV2 pegmatites, discovered in 2017.

The company focused on CV1, where it took 40 samples from five channels averaging 1.35% lithium oxide, but grading as high as 3.85% lithium oxide. Highlights from CV1 include 1.54% lithium oxide

over 8 metres and 2.28% lithium oxide over 6 metres.

The company extended the strike length of CV1 to at least 175 metres.

The east end runs into a shallow lake, although the company says the pegmatite may continue beneath it.

The company also recovered tantalum at CV1 and CV2, averaging 109 parts per million tantalum oxide and 138 parts per million

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tantalum oxide.

Assays from CV2 returned slightly lower grades than CV1. The company took eight samples from two channels at CV2, located 50 metres north of CV1. Highlights include 0.73% lithium oxide over 4 metres and 0.55% lithium oxide over 4 metres.

The company acquired Corvette in 2017, along with two other lithium hard rock properties in Quebec: Eastmain and Lac du Béryl. At the time it was focused on developing its Hidden Lake lithium project in the Northwest Territories.

“Our whole business model is always looking for prospective ground and new projects, in tandem with developing them,” Lamoureux says.

“We were looking to diversify additional hard rock lithium assets.

“Corvette was completely grassroots, but the geology looked great.

It seemed like something worth exploring.”

In October of that year it sent its team on a one-day reconnaissance trip. It ended up sampling 3.48% lithium oxide and 7.32% lithium oxide from what became CV1, as well as 1.22% lithium oxide from what became CV2.

The company shifted its focus to Corvette this year after optioning Hidden Lake to Far Resources (CSE: FAT; US-OTC: FRRSF) in January.

Far paid an initial $50,000 and 555,555 shares to 92. It earned a 60% interest in Hidden Lake by spending at least $500,000 during its early 2018 drill program. It can increase its interest to 90% by issuing the company $950,000 in shares, and spending another $1.8 million on exploration.

Highlights include 1.8% lithium oxide over 9 metres from 44 metres downhole and 2% lithium oxide over 5.2 metres from 44 metres downhole.

“The results came back exactly how we thought they would,” Lamoureux says. “We love the project, it’s a great project, but it’s one we were able to monetize, so we could put the focus to Quebec.”

Right now the company is trying to get permits to drill Corvette. 92 would like to spend $750,000 on a drill campaign at Corvette-FCI — money it still needs to raise. Lamoureux says the company would likely drill both Corvette and FCI with a single drill program that would earn 92 its first stage of interest. He says the company has already identified several topographical features for follow-up work.

Shares of 92 Resources are trading at 5¢ with a 52-week range of 4¢ to 26¢. The company has a $4-million market capitalization.

“We really were in love with our Corvette project, initially,” Lamoureux says. “We like the size of it and we like the opportunity to work in that jurisdiction. We want to really put a lot of our eggs into this basket and develop this project ourselves.” TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 15–28, 2018

7

Placer Development and Amelia Earhart’s final flight BOOK EXCERPT

| Famed American aviator’s connection to Bulolo mine in South Pacific

T

he following is an excerpt from the newly published coffee table book A History: Placer Development Limited and Placer Dome Inc. compiled by Nean Allman and Justin Baulch, and available at www. aplacerdomehistory.com.

The disappearance of Amelia Earhart and navigator Fred Noonan in 1937 on an attempted round-the-world flight has become one of aviation history’s great enigmas, embroidered with fanciful theories about their fate and the subject of at least 30 books, says an article by Hugh Leggatt in the June 1992 issue of Placer Dome’s employee quarterly, Prospect.

“At a time when aircraft exploits gripped the popular imagination the way space travel would do to a later generation, Amelia Earhart was the first woman to attempt to fly around the world and the first person to try to do so around the equator. She was already the first woman to fly solo across the Atlantic Ocean, and she held other aviation records.”

The story of her disappearance en route to Howland Island is relatively well known. What is not so well known is that the two aviators flew off on the last leg of their tragic journey from an airport in New Guinea that owed its existence to the Bulolo goldfields.

The Earhart flight — in a Lockheed Electra — began in Oakland, California, and went first to Miami in Florida, then to South America, Africa, India, Java and Darwin, Australia. It arrived at Lae, New Guinea, on June 29, 1937. Among those who greeted the famous pair were Louis J. Joubert, manager of

Bulolo Gold Dredging Ltd., and Mrs. Joubert, fellow Americans who flew from Bulolo with Tommie O’Dea of Guinea Airways to meet the travellers.

The aviators’ plan after Lae was to refuel at Howland Island, fly on to Hawaii and return to Oakland from Honolulu. Howland Island is on the equator, 2,500 miles from Lae and over halfway to Honolulu. The flight was estimated to take 18 hours.

Earhart and Noonan left Lae at 10 a.m. on July 2, their aircraft laden with fuel sufficient for 23 hours of flying — and were never seen again.

The first third of the flight went as planned. The Lae operator received the last of three reports at 5:18 p.m.

Later that night a radio station on the island of Nauru heard a report, while a crewman on a freighter porting at Nauru heard the plane pass overhead. The last signal was caught by the U.S. Coast Guard cutter Itasca, standing by off Howland Island. Earhart was “running on line,” which means f lying north and south on a north–south line to locate a pinpoint destination.

According to a reconstruction of the flight from Lae by the International Group of Historic Aircraft Recovery (TIGHAR), the aircraft’s disappearance was probably the result of navigation and wireless problems. It is speculated that less than 100 miles from Howland Island they turned south instead of north, and ran out of fuel before retracing their flight path.

TIGHAR has suggested that the plane ditched on a reef at Gardner Island, and eventually was washed off the reef into deep water offshore.

Unloading a tube mill in 1938 at the Bulolo mine in New Guinea. PLACER DOME

EARHART AND NOONAN FLEW OFF ON THE LAST LEG OF THEIR TRAGIC JOURNEY FROM AN AIRPORT IN NEW GUINEA THAT OWED ITS EXISTENCE TO PLACER DEVELOPMENT’S BULOLO GOLDFIELDS. Gardner Island is now called Nikumaroro, and forms part of the Republic of Kiribati — previously known as the Gilbert Islands.

TIGHAR’s conclusions were aided unexpectedly by the discovery of a file marked “Bulolo Gold Dredging, Ltd./Amelia Earhart” in Placer Dome’s basement storage in Vancouver in 1991. The file contained a report for the U.S. Bureau of Air Commerce written by Eric Chater, General Manager of Guinea Airways at Lae, three weeks after Earhart’s disappearance.

It was written after the Bureau asked Frank Griffin, a Placer Development director in San Francisco, for any “information of interest relative

In this photo taken around July 2, 1937, American aviator Amelia Earhart (left) and her navigator Fred Noonan (right), pose beside their plane with gold miner F.C. Jacobs at Lae, New Guinea, just before Earhart and Noonan took off in a flight to Howland Island, during which they disappeared somewhere in the Pacific. AP

to Miss Earhart’s visit and flight,” and Griffin cabled Chater for help.

Of particular interest to TIGHAR was the confirmation of the fuel load carried, and the fact that Earhart made an unsuccessful attempt to test her radio-direction finder before the flight.

“We greatly appreciate Placer Dome’s generosity in making [Chater’s report] available,” TIGHAR said.

The Chater report is available in its entirety at http://tighar.org/ projects/earhart/archives/documents/ chater_report.html.

—In 2012, TIGHAR organized a $2.2-million expedition to Nikuma-

roro Island that involved a high-tech, deepwater search. A sonar image taken near the northwestern shore of the island may indicate the wreckage of a wing or part of the fuselage from the plane. TIGHAR says Earhart and Noonan landed on a reef surrounding the island and that the plane washed off the reef into deeper waters, possibly in parts. Previous expeditions have suggested that the two survived for some time on the island but ultimately succumbed.

Check out our Northern Miner Podcast interview with Nean Allman at www.northernminer.com/ tag/podcast/.

My three ‘Eureka!’ moments as a Canadian explorer EUREKA From 4

to go forward.

Charlie hired me four days after my graduation from the Haileybury School of Mines in May 1966, and during the exploration seasons of 1966 and 1967 we drilled 52,000 feet of X-ray core.

My second eureka moment occurred in September 1967, when we intersected 111 feet (true width) of 11.7% zinc on the L Zone, which was the largest orebody there.

This hole was a lucky hit. At that time, we were near the end of our budget and just completing a seasonending final drill hole. I directed Jim Decker, our drill foreman, where to spot the next one. He went to move the drill to the desired location, but lo and behold, there was a large brush pile in the way. So we moved the hole 50 feet to save time, work and money.

Presto! With great scientific accuracy, we intersected the thickest part of the orebody!

Newfoundland Zinc Mines was acquired by Teck Corp. around 1970 or 1971, and Teck started production at 1,500 tons per day in 1975.

When production ended in 1990 the mine had produced 7 million tons of zinc ore at an average grade of 7.8% zinc — more or less a billion lb. zinc.

Nugget Pond I was president, CEO and controlling shareholder of Bitech Energy Resources Ltd. when, in the spring of 1988, Derek McBride, our consulting geologist, called me from the field to say he had come across an area near Betts Cove, N.L., that seemed to match a geological theory he had about gold deposition.

The area was open for staking, and we staked 64 claims.

A few weeks later, Greg Ovens, another geologist on the team, was panning at the inlet of a small creek draining into a pond. He recovered some beautiful gold flakes that still had crystal markings on them. They hadn’t migrated very far.

He named the pond “Nugget Pond.” There was a covered, boggy area with cedar and spruce trees about 75 feet from the creek.

Follow up geophysics and trenching uncovered a 500-foot-long and up to 23-foot-wide gossan zone.

A soil sample assayed 0.44 oz. gold per ton, while grab samples from a trench across the zone assayed up to 2.5 oz. gold per ton. Additional channel sampling in the trench returned 0.45 oz. gold over 23 feet.

By summer’s end we had outlined a gold-bearing zone, and drilling was the next step.

We raised $1.5 million from Alex McDonald’s flow-through fund in Vancouver and started a seven-hole drilling program in the fall of 1988.

A gold ore sample from the Nugget Pond gold mine in Newfoundland.

The first holes under the trenches returned encouraging results of 8.5 feet grading 1.66 oz. gold and 6.6 feet grading 0.71 oz. gold per ton. It was my third eureka moment.

In early 1989 we entered an option agreement to form a joint venture with Equity Silver to continue the exploration and development of the discovery.

Equity decided not to continue with the program after completion of the initial drilling. The orebody was a bit small for them.

In the spring of 1991, we optioned the property to National Minerals Corp., whereby it would make option payments of $600,000 and spend $5.2 million in exploration and production financing.

The Bitech estimated reserves were 499,000 tons(452,685 tonnes) averaging 0.37 oz. gold per ton.

National Minerals Corp. was related to Noveder.

In May 1995, Richmont Mines acquired from Noveder a 60% interest in the Nugget Pond gold project, then the remaining 40% in January 1996.

At the end of 1995, the reserves at Nugget Pond totalled 430,000 tonnes at a grade of 10.5 grams gold

per tonne.

Richmont began commercial production at Nugget Pond in April 1997, and produced a total of 168,748 oz. gold at low cash costs, and depleted its reserves by 2001.

The mine’s acquisition, development and construction represented an investment of $27 million.

— James Wade resides in Asuncion, Paraguay, where he consults in mining and oil & gas. (jamesgwade@gmail. com). He looks forward to one more “Eureka!” moment.

Note: The author extends a big “thank you” to George Agelopoulos at The Northern Miner for providing archived articles containing details about Nugget Pond. They were invaluable for this essay.

[Editor-in-chief ’s note: readers are welcome to submit their own “Odds ‘n’ Sods” column for publication consideration to tnm@northernminer. com. A Northern Miner Odds ‘n’ Sods column typically recounts a funny, whimsical, poignant or historically significant story from bygone days in a professional’s mining career.]

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OCTOBER 15–28, 2018 / THE NORTHERN MINER

Harte Gold receives final permit for Sugar Zone mine ONTARIO

| Mine will produce 900,000 oz. gold over a 12-year life

BY TRISH SAYWELL

I

tsaywell@northernminer.com

t has taken at least five years of permitting, but Harte Gold (TSX: HRT; US-OTC: HRTFF) has cleared its last regulatory hurdle, and can now flip the switch and put its Sugar Zone mine into production.

The mine will be Ontario’s first high-grade gold mine built in over a decade and could run for 12 years, and recover 904,000 oz. gold.

Production starts this month and full commercial production is anticipated in November.

The mine should produce 11,000 oz. gold this year and 40,000 to 50,000 oz. gold in 2019.

Over the coming two years, throughput at Sugar Zone is scheduled to grow from the current daily rate of 540 tonnes to 800 tonnes, reaching annual production of 75,000 oz. gold by 2020.

The mine cou ld hit t he 1,400-tonne-per-day throughput mark and produce more than 100,000 oz. gold a year by 2021.

Stephen Roman, Harte Gold’s president and CEO, said he knew the day would come when the company received its final permit to mine, process ore and pour gold on-site, but that it has been a long process.

In total, the mine needed 300 permits. By contrast, when Roman put the Black Fox mine (now owned by McEwen Mining [TSX: MUX; NYSE: MUX]) into production in the mid-1990s, he only lacked 14 permits.

“We went from a greenfield to pouring the first gold in 10 months,” he says of Black Fox. “With this project it took at least five years.”

Roman says the list of permits required “has exploded,” and now even includes permits for things like methane emissions from portable toilets.

“It gets to that level of craziness — I don’t think people realize how difficult it is these days, even for exploration,” he says, noting that companies must apply for permits to drill exploration holes.

“It’s a broken system, no doubt about it,” he continues. “A lot of investment has left the province and is going to other places like Quebec and Newfoundland, and other spots where it is easier to

Published by:

“[AT BLACK FOX] WE WENT FROM A GREENFIELD TO POURING THE FIRST GOLD IN 10 MONTHS ... WITH THIS PROJECT IT TOOK AT LEAST FIVE YEARS.” STEPHEN ROMAN PRESIDENT AND CEO, HARTE GOLD

work. I hope some sense will get back into the system here and we’ll start attracting more investment in Ontario.”

In the meantime, underground development work continues to exceed targeted rates, and 40,000 tonnes of mineralized material has been stockpiled.

Full commissioning of the mill complex is nearing completion, water has been circulated throughout the plant, and tests of crushing and conveyance systems are all done.

The power line has been built to site and all electrical equipment has been installed, so that the company can connect to the grid and “energize” the entire Sugar Zone mine site and mill.

Harte Gold plans to release an updated resource in the first quarter of 2019.

The mine has an indicated resource of 2.61 million tonnes grading 8.52 grams gold per tonne for 714,200 contained oz. gold, and an inferred resource of 3.59 million tonnes grading 6.59 grams gold for 760,800 oz. gold.

Harte Gold’s shares were trading at 45¢ apiece at press time, within a 52-week range of 29¢ to 62¢.

Pierre Vaillancourt, who covers the company for Haywood Securities, has a “buy” rating on the stock and an 80¢-per-share price target.

“Although Harte Gold is expensive relative to peers, the valuation is supported by strong mine economics and prospects for production growth,” he said in a research note to clients. “There remains attractive exploration upside at the Sugar Zone and beyond.” TNM

Trucks at New Gold’s Mesquite gold mine in California. EQUINOX GOLD

New Gold sells Mesquite to Equinox M&A

| New CEO Renaud Adams moves to get New Gold in order was declared in November 2017.

BY TRISH SAYWELL “WE EXPECT THE At the end of June, the company tsaywell@northernminer.com $158-MILLION lowered its 2018 production guidenaud Adams hasn’t wasted CASH INJECTION ance for Rainy River to between any time settling into his 210,000 and 250,000 oz. gold. new job at New Gold (TSX: EXPECTED IN THE New Gold expects to produce NGD; NYSE-AM: NGD).

FOURTH QUARTER between 415,000 and 480,000 oz.

A week after taking the helm as gold this year from all of its mines. president and CEO of the heav- WILL ALLEVIATE The appointment of Adams in ily indebted gold miner, Adams BALANCE SHEET early September reflects his track shook things up with the sale of its CONCERNS.” record as a turnaround expert.

Mesquite gold mine in California While president and CEO of

R

to Equinox Gold (TSXV: EQX) for US$158 million in cash.

The sale allows New Gold to “immediately crystallize several years’ worth of future free cash flow as part of our strategy to prudently manage our balance sheet, providing the company with the financial f lexibility to focus on our core assets,” Adams said in a news release.

Those assets include its Rainy River gold-silver mine and New Afton gold-silver mine in Canada.

New Gold also owns the Cerro San Pedro mine in Mexico.

At the end of June, the face value of New Gold’s long-term debt stood at US$980 million (book value $959 million). Of that, US$500 million of 6.25% face-value, senior-unsecured notes is due in November 2022; US$300 million of 6.38% face value senior unsecured notes is due in May 2025; and US$180 million has been drawn from a revolving credit facility.

“The $158-million cash injection expected in the fourth quarter will alleviate balance sheet concerns, as the company continues to implement the new, high-cost

FAROOQ HAMED

MINING ANALYST, RAYMOND JAMES

life-of-mine plan at Rainy River,” Farooq Hamed, a mining analyst at Raymond James, said in a research note.

David Haughton, a mining analyst at CIBC, noted that while the Mesquite sale eases some debt pressure, “further de-stressing of the balance sheet rests on the ramp-up of Rainy River, where execution risk remains significant.”

“The sale of Mesquite allows the new CEO to focus on near-term execution of Rainy River and operation of New Afton,” Haughton continued. “The underperformance of Rainy River and the tight balance sheet have the potential to starve New Afton of the capital required.”

New Afton, west of Kamloops in B.C., is the company’s largest cash flow contributor.

While Rainy River is well into its start-up year, the mine has been plagued by variability in the process facility’s performance and lower gold grade and recoveries. Commercial production at the mine

Richmont Mines, production at the company’s principal mine more than doubled, mineral reserves more than tripled, and costs were lowered, which makes the Island Gold gold mine one of the lowestcost underground mines operating in the Americas.

Before his tenure at Richmont — which lasted from 2014 until the company was sold to Alamos Gold (TSX: AGI) in November 2017 — Adams was chief operating officer at Primero Mining (2011–2014) and general manager of Iamgold’s (TSX: IMG; NYSE: IAG) Rosebel mine in Suriname, and the company’s senior vice-president of Americas operations (2007–2011).

“We have yet to see the full strategy of the new CEO,” CIBC’s Haughton notes. “We are hopeful for plans that address the performance of Rainy River and cash management to realize the optimal development of New Afton. We remain cautious for now.”

New Gold’s shares at press time were trading at $1.50 apiece.

The company has 579 million shares outstanding for a $723-million market capitalization. TNM

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SILVER & PGMs Metallic finds more veins at Keno and McKay Hill districts YUKON

| $2.5M summer program will help refine 2019 drill targets

BY RICHARD QUARISA rquarisa@northernminer.com

M

“Only 20% of the project has been explored to date,” Blasutti said.

“There are more ounces to come than what we see in the feasibility study.”

Under the merger, Pershing shareholders will receive 0.715 share of Americas Silver for each

etallic Minerals (TSXV: MMG; US-OTC: MMNGF) is wrapping up its $2.5-million summer work program in the Yukon.

The company fanned out across both its Keno silver district and McKay silver-lead-zinc district in the territory. It found several mineralized vein structures and is refining next year’s drill targets.

Last year the Metallic team got on the ground at McKay and realized the property housed more vein structures than it had thought — particularly on the Central zone, which saw high-grade production in the 1930s and 1940s.

This year Metallic fielded a larger program to examine more of the property and extend the mineralized zones. The company performed geophysical surveying and detailed satellite photography, dug 16 trenches and took more than 700 soil samples.

As a result, Metallic staked another 42 claims, expanding the property 25% to 44 square kilometres.

“What was exciting was that rather than a handful of discrete veins, there was quite a large mineralized corridor, approaching a kilometre in length, with multiple vein sets —

See AMERICAS / 10

See METALLIC / 14

Workers underground at Americas Silver’s San Rafael silver-zinc-lead mine in Sinaloa, Mexico. AMERICAS SILVER

Americas Silver and Pershing Gold to merge M&A

| Americas Silver’s president and CEO says ‘there are more ounces to come’

BY TRISH SAYWELL tsaywell@northernminer.com

A

mericas Silver (TSX: USA; NYSE-AM: USAS), a producer with mines in the U.S. and Mexico, is merging with Pershing Gold (TSX: PGLC; NASDAQ: PGLC) in an all-share deal.

Pershing’s primary asset is its Relief Canyon project in Nevada, which is expected to have average life-of-mine production of 91,000 oz. gold a year (7 million oz. silverequivalent) over a 5.6-year mine life, with cash costs of US$769 per oz. and all-in sustaining costs of US$801 per oz. gold.

The project, 153 km northeast of Reno, consists of three historic open-pit mines and a fully permitted, heap-leach processing facility.

Relief Canyon could start commercial production in 2020, after a sixto nine-month construction period beginning next year. A feasibility study completed in May estimates an initial US$28.2-million capital expense, a US$133-million post-tax, net present value at a 5% discount rate, and 87% post-tax internal rate of return (IRR).

“It’s no secret that we’ve wanted the company to have more precious

“THIS IS GOING TO BE TRANSFORMATIONAL FOR THE COMPANY.” DARREN BLASUTTI PRESIDENT AND CEO, AMERICAS SILVER

metal exposure and that we love Nevada,” Darren Blasutti, Americas Silver’s president and CEO, told analysts and investors on a conference call. “This is a project we’ve been looking at for the last three or four years …. it’s shovel ready from both a technical perspective and a permitting perspective. It’s brownfield and has great infra-

structure, and we believe we will find mine-life extensions … we see more ounces in the pit and more ounces on the property.”

Relief Canyon’s resource is geologically open at depth and to the east, west and south, and there is potential for discoveries on Pershing’s broader 117.4 sq. km land package

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OCTOBER 15–28, 2018 / THE NORTHERN MINER

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Americas Silver and Pershing Gold to merge AMERICAS From 9

Pershing share they own. Based on the closing price of Americas Silver on the NYSE American Stock Exchange on Sept. 28, the deal implies a value of US$1.69 per Pershing share, which is a 39% premium to Pershing’s closing price on Nasdaq, and a 39% premium based on the volume-weighted average prices of Americas Silver and Pershing for the 10-day period ended Sept. 28.

Shareholders of Americas Silver and Pershing will own 64% and 36%, respectively, on an undiluted basis.

For its part, Americas Silver sees the merger as an opportunity to get a permitted project into production quickly in one of the best jurisdictions on the planet. It also suits its goal of building a profitable and low-cost precious metal company in the Americas by building and operating low-risk, low-capital, highreturn projects.

Pershing Gold is permitted to resume mining at Relief Canyon under the existing plan of operations and has all the state and federal permits needed to start the phase-one mining and heap-leach processing operation. The company has already submitted permit applications for phase two, which allows for more mining below the water table.

“At Americas Silver, we don’t do these things lightly,” Blasutti said of the proposed business combination. “We’ve thought very hard.

We’ve looked at probably over 75 assets in the last four or five years, and … we think this is going to be transformational for the company.

“When you take not only the IRR of the project, but even when you include the acquisition costs, you’re talking about 15–20% on an IRR basis at spot prices,” he said. “You don’t see that very often in the mining industry.”

For Pershing Gold, aligning with Americas Silver will provide a path to developing Relief Canyon with the increased financial and operating capabilities of the combined company, and Americas Silver’s experience in quickly and cheaply developing its San Rafael silverzinc-lead underground mine in Sinaloa, Mexico.

Americas Silver built San Rafael for US$17 million — 25% lower than the initial prefeasibility study estimate. The mine started commercial production in December 2017.

San Rafael is part of the Cosala

Regrind mills at Americas Silver’s San Rafael silver-lead-zinc mine in Mexico. AMERICAS SILVER

complex, 240 km from Mazatlan, along the western edge of the Sierra Madre Occidental, and includes the Cosala (Los Braceros) process plant, the El Cajon deposit, which adjoins San Rafael to the southwest, Nuestra Senora, an active mine 12 km southeast of San Rafael, and the Zone 120 deposit, which has silver-copper-gold mineralization similar to the nearby El Cajon mine.

Mineralization at Zone 120 has been found over an area greater than 500 metres long, 300 metres wide and 550 metres deep, and Americas Silver expects to finish a resource estimate and an internal mine plan soon.

Pershing Gold shareholders also gain a second asset — Americas’ Galena complex in Idaho’s Silver Valley.

Galena has an operating history dating to 1885, and between 1953 and 2015 produced more than 250 million oz. silver, along with byproduct lead and copper.

The property hosts the operating Galena mine with two shafts, the Galena processing plant, the idle

“THE OPTIMAL SCENARIO WOULD BE TO HAVE A BANK COME IN AND DO A PROJECT FINANCING.” DARREN BLASUTTI PRESIDENT AND CEO, AMERICAS SILVER

Coeur mine, with one shaft, and the Coeur processing facility, which is on care and maintenance.

Americas Silver acquired Galena through its business combination with U.S. Silver & Gold Inc. in 2014 (when Americas Silver was known as Scorpio Mining), and since then has cut cash costs per ounce of silver more than 50%, by focusing on cost control and operating efficiencies.

The complex is located in the Coeur d’Alene mining district of Shoshone County.

Spokane, Wash., lies 121 km west and Missoula, Mon., 177 km east.

Blasutti said the transaction “will be well-endorsed by analysts and the market … as we increase our precious metals exposure and bring another project into the pipeline,” and noted that paying a nearly 40% premium was “well worth it.”

“The economics of the project are robust, with quick payback and a high IRR,” Blasutti said.

Pershing adds 7 million oz. silver equivalent a year, he added, and “establishes Americas Silver as a premium junior precious metal producer.

“For both companies this is a bit of diversification of our asset portfolios,” he said. “Over the years we have weighted the assets more to base metals than silver, because it’s very difficult to make money in the silver industry at US$14 silver, so we’ve turned our mines more into polymetallic mines than silver mines … [but our exposure to silver] is less than we like.”

Americas Silver expects to start construction at Relief Canyon in 2019 and reach commercial production in 2020, and Blasutti says the company will speak to banks, streaming and royalty companies to find the lowest cost of capital.

“We’ve already had a number of people contact us ... who want to fund the [Relief Canyon] project

— from banks to private equity firms,” he said, adding that the two companies “have a stronger financial position together.

“The optimal scenario would be to have a bank come in and do a project financing for the bulk of it,” he said. “The Pershing guys have had some discussions … but being a single-asset company, it was more difficult for them.”

In connection with the transaction, Pierre Lassonde and Trinity Capital Partners are providing Americas Silver with a $5.5-million, short-term, secured convertible loan, with interest payable at 1.25% per month.

The loan will help fund a US$4million, short-term, secured firstlien convertible loan to address Pershing’s near-term working capital requirements, including permit advancements.

Meanwhile, Americas Silver expects to execute on San Rafael and achieve full production by year-end, which “will increase cash flow for 2019 and 2020, and increase silver production,” Blasutti said.

Zone 120 is also “an exciting development option for us … and we believe this project can be brought into production by 2020, if we want to.” TNM

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The portal at MAG Silver’s 44%-owned Juanicipio silver project under construction in Zacatcas, Mexico. MAG SILVER

MAG Silver extends underground infrastructure at Juanicipio MEXICO

BY RICHARD QUARISA rquarisa@northernminer.com BEAVER CREEK, COLORADO

D

evelopment is well underway at MAG Silver’s (TSX: MAG; NYSE-AM: MAG) 44%-owned underground Juanicipio silver mine in the Fresnillo district of Zacatecas, Mexico, where it aims to start production by mid-2020.

The company was one of more than 150 that recently attended this year’s Precious Metals Summit in Beaver Creek, Colo., where it presented confidently on its project.

“As always we’re very proud of our forward-looking statements disclaimer,” MAG Silver chief exploration officer Peter Megaw said to kick off his presentation. “We’ve got 15 years of turning forwardlooking statements into history.

| Partnership with silver major Fresnillo powers activity in iconic silver camp That doesn’t necessarily mean that past performance is an indicator of future performance, but we really like this property, and think we have some pretty good potential.”

The company is progressing both underground and surface infrastructure at Juanicipio. It has spent the past eight months pulling about a million tonnes of waste rock out of the ground that it will use as backfill in the eighth year of the mine’s life.

Current development at the project includes advancing footwall ramps, building the underground crushing chamber, and extending the conveyor ramp to the planned mill site.

It advanced underground development more than 3,600 metres in the first half of 2018, which accounts for nearly a quarter of the underground development the company has com-

“WE’VE GOT 15 YEARS OF TURNING FORWARD-LOOKING STATEMENTS INTO HISTORY.” PETER MEGAW CHIEF EXPLORATION OFFICER, MAG SILVER

pleted. Its ramp is now 16 km long.

“It looks like a Cadillac, but it’s being built for Volkswagen prices,” Megaw says. “This is costing us about US$1,700 per metre. That’s one of the things that having a partner like Fresnillo can do for you.”

MAG came together with Fresnillo (LON: FRES; US-OTC: FNLPF) to form the 44–56 joint venture company Minera Juanicipio. As operator, Fresnillo is carrying out exploration and development at the property.

MAG must deliver a feasibility study for the project before Minera Juanicipio shareholders can approve it. MAG commissioned the study in 2017, and says it is still under review by both joint-venture partners.

MAG tabled a preliminary economic assessment for the project in 2017, highlighted by a US$1.14-billion, after-tax net present value at a

5% discount rate and 44.5% after-tax internal rate of return. According to the study, it would require US$360 million in pre-production capital, achieving payback less than two years after start-up. With US$5.02 all-in sustaining costs per ounce silver produced, the project would process 4,000 tonnes per day over 19 years.

The project sits in the middle of the Fresnillo silver trend. According to Megaw, 10% of all silver mined in human history comes from this trend.

Within that, the company is focused on the Valdecanas vein, which extends into Fresnillo’s neighbouring wholly owned property. Megaw says Fresnillo has been mining the same vein for the past three years and has optimized the required metallurgy.

“They’ve taken their mill from

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3,000 to 6,000 to 8,700 tonnes per day,” he says. “We are building a new mill, 100% stand-alone. We’ll have the MK III version of this mill.”

Meanwhile, the company continues to explore the project’s Deep zone, trying to both extend mineralization along strike and at depth, and convert inferred resources to the indicated category. The company is also drilling the western extension of its Juanicipio vein, as it pursues other targets on the property.

The company has divided its resource into two zones: Bonanza and Deep. Bonanza averages 550 grams per tonne silver, while Deep averages 150 grams silver. Deep, however, grades 7.5% zinc and lead to Bonanza’s 4.5% zinc and lead.

Both zones average 1.5 grams gold.

Bonanza is narrower and slightly shorter.

Together, the two zones contain 12.83 million indicated tonnes grading 427 grams silver, 2.1 grams gold, 2.1% lead, 3.7% zinc and 0.1% copper for 176 million oz. silver, 867,000 oz. gold, 598 million lb. lead, 1.04 billion lb. zinc and 38 million lb. copper.

They also contain 12.1 million inferred tonnes grading 232 grams silver, 1.4 grams gold, 2.5% lead, 4.7% zinc and 0.3% copper for 91 million oz. silver, 562,000 oz. gold, 658 million lb. lead, 1.25 billion lb. zinc and 71 million lb. copper.

The company has not included copper into any of its economic projections because it has not yet completed metallurgical studies on the copper content.

However, Megaw says the copper is coarse grained and that the company can recover it effectively.

“MAG is in a very good market position in the sense that we made our discovery very early in our corporate existence,” he says. “So we’ve been able to keep our share count down — only 85 million shares issued and outstanding.”

Shares of MAG Silver are trading at $9.94 within a 52-week range of $9.24 to $15.97. The company has an $869-million market capitalization.

With US$151 million in the bank and no debt, Megaw says the company is fully financed for at least the next year and a half. About 85% of its shareholders are institutional.

“MAG Silver started 15 years ago looking for high-grade, high IRR, district-scale properties,” Megaw says. “The idea is to have properties that will make money under any market conditions and big enough to survive at least two market cycles.

We think we’re comfortably in that position.” TNM

SILVER & PGM s

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 15–28, 2018

13

SILVER & PGMs SNAPSHOT

Mexico a magnet for Canada’s silver seekers Silver remains a prime target for mineral explorers and miners, particularly those active in Mexico and other Latin American countries. Here is a look at five silver-focused companies plus a palladium producer.

BEAR CREEK MINING Bear Creek Mining ( TSXV: BCM; US-OTC: BCEKF) has long been active in silver exploration and development in southern Peru.

The Vancouver-based junior describes its flagship, wholly owned Corani property in Puno Department, 160 km south of Cusco, as an “advanced-stage project that hosts one of the largest undeveloped silver deposits in the world,” with a projected 18-year mine life and substantial base metal credits.

In past years, Bear Creek met local opposition to some of its activities in southern Peru, and is careful to state that it is “continuing to advance and de-risk the Corani project in a meaningful but patient manner, and will consider a production decision when market conditions and project financing terms are compelling.”

Between 2005 and 2012, Bear Creek completed over 93,000 metres of drilling at Corani and filed a National Instrument 43-101-compliant resource estimate and preliminary economic assessment in 2008, a prefeasibility study in 2009 and an initial feasibility study in 2011.

Corani has proven and probable reserves of 139.1 million tonnes grading 50.3 grams silver per tonne, 0.90% lead and 0.59% zinc for a contained 225 million oz. silver, 2.75 million lb. lead and 1.81 million lb. zinc. Another combined 137 million tonnes at lower grades lie in the measured, indicated and inferred categories.

At Corani, Bear Creek could produce over 8 million oz. silver and 150 million lb. combined lead and zinc over an 18-year mine life.

The junior notes that Corani is “highly leveraged” to metal prices, with a US$112-million increase in net present value for every US$1 increase in silver price, with proportional changes in lead and zinc prices.

BUNKER HILL MINING Toronto-based junior Bunker Hill Mining (CSE: BNKR; USOTC: BHLL) says it is “uniquely positioned to redevelop one of the largest zinc-lead-silver deposits in the Americas not in production.” Its flagship asset is the dormant Bunker Hill mine in northern Idaho’s Silver Valley.

Historic reserves and resources at Bunker Hill stand at 9.1 million tons (8.3 million tonnes) grading 5.08% zinc, 2.35% lead and 1.29 oz. silver per ton.

paved road access, low-cost power, water, skilled labour and mining services. It says Idaho is “mining friendly and a ‘right to work’ state.”

non-operating, 25% interest in the Puna joint venture in northwestern Argentina’s Jujuy province. SSR Mining is 75% owner and operator.

On Oct. 2, Bunker Hill reported it is “in default of its lease with option-to-purchase agreement with Placer Mining Corp., the lessor of the Bunker Hill mine.

The default has arisen as a result of missed property payments, totalling US$400,000, which were due at the end of September and on October 1, 2018. As per the agreement, the company has 15 days, from the date notice of default was provided (Sept.

28, 2018), to remedy the default by making the outstanding payment. Bunker Hill is working with urgency to resolve this matter.”

The Puna operation has been processing stockpiled ore from the Pirquitas deposit this year, but the joint-venture partners fast tracked development of the nearby Chinchillas silver deposit, which started trucking ore to the Pirquitas mill in July 2018, putting it on track to achieve sustained ore delivery during the last quarter of 2018.

FIRST MAJESTIC SILVER Vancouver-based First Majestic Silver ( TSX: FR; NYSE: AG) says it is focused on silver production in Mexico and is “aggressively pursuing the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets, which contribute to the company achieving its corporate growth objectives.”

It has 6,000 direct employees and owns six producing silver mines in Mexico: San Dimas, La Encantada, La Parrilla, San Martin, Del Toro and Santa Elena.

One of its newest company slogans is, “One metal, one country.”

In September, Golden Arrow announced a non-brokered, $2.6-million private placement of up to 7.5 million units at 35¢ apiece. Each unit will consist of a share and one transferrable share purchase warrant that entitles the holder to buy another share for 55¢ within two years.

Meanwhile, Golden Arrow has placed its exploration properties into a new, wholly owned subsidiary named New Golden Explorations, whose assets include the Antofalla silver-goldbase metals project.

NORTH AMERICAN PALLADIUM

Vancouver-based, Marcio Fonseca-led Goldplay Exploration ( TSXV: GPLY; US-OTC: GLYXF) is exploring for silver-gold deposits in the prolific Rosario mining district of northwestern Mexico’s Sinaloa state.

Toronto-headquartered North American Palladium (TSX: PDL; US-OTC: PALDF) is North America’s sole primary palladium miner, with its Lac des Iles palladium-platinum mine near Thunder Bay, Ont., where it has operated for more than 25 years.

There, Goldplay has over 250 sq. km of fully owned exploration properties, with no earn-in requirements.

Its most advanced project is San Marcial — a high-grade, silverlead-zinc-gold system, with over 30 million oz. silver equivalent in historical resources along 600 metres of a 3.5 km trend that is relatively under-explored.

Goldplay says San Marcial has upside resource expansion potential along strike and down dip. It plans a drill program this quarter to expand the resource, which will be updated later this year. The last significant resource update was in 2008.

Goldplay has a market capitalization of $7.7 million and $2 million in cash. As of Sept.

1, major shareholders included: management and insiders, 21.7%; Sandstorm Gold, 7.8%; JDS Energy and Mining, 5.6%; and SSR Mining, 3.3%.

In terms of investing, the company is also the world’s only “pure play” on palladium production.

Management had several highlights in its Denver Gold Forum presentation in September: five consecutive quarters of positive earnings; adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $65.6 million for the first half of 2018; adjusted EBITDA of $86.2 million in 2017; improved financial metrics in its new feasibility study, including total revenue of $3.64 billion, total EBITDA of $1.51 billion; and an after-tax net present value (at an 8% discount rate) of $637 million, generated by a 43% average operating margin ($37.86 per tonne of ore milled).

The new study delineates 40.9 million tonnes of underground and surface reserves at an average palladium grade of 2.31 grams per tonne, for 3 million contained oz. palladium. TNM

TSX: FR NYSE: AG Frankfurt: FMV

Santa Elena was recently added to the First Majestic stable through the acquisition of SilverCrest Mines. Santa Elena is in Sonora state and comprises a high‐grade, epithermal silvergold deposit, along with a 3,000 tonne-per-day conventional mill. Santa Elena is projected to produce 5 million oz. silver equivalent per year.

First Majestic’s development projects are all in central Mexico: La Guitarra, Plomosas and La Luz — plus the less advanced La Joya project, brought in via the SilverCrest acquisition.

With San Dimas coming online this year, First Majestic is guiding for company-wide, total production in 2018 of 12 to 13.2 million oz. silver, plus by-product credits (or 20,5-22.6 million oz. silver equivalent), at all-in sustaining costs of US$14.53 to US$15.83 per oz. silver.

In 2018, First Majestic has budgeted capital expenses of US$59 million for underground development; US$27 million for drilling in its largest-ever campaign; US$36 million in property, plant and equipment expenses; and US$27 million for corporate projects.

First Majestic Silver There’s No Substitute For Silver

F

irst Majestic Silver situates itself in Mexico, one of the world’s largest silver producing countries

with six producing mines, 100% owned. With a team of over 6,000 direct employees First Majestic stands to prove its success in the mining industry to become

GOLDEN ARROW RESOURCES

Management says there is “nearterm access to at least seven years of mineable material at 1,500 tons [1,400 tonnes] per day,” with the highest-grade zones running at more than 20% combined lead and zinc.

Vancouver-based Golden Arrow Resources ( TSXV: GRG; USOTC: GARWF) is the member of Argentina-focused Grosso Group that is tasked with silver and gold exploration and mining in Argentina. Joseph Grosso is Golden Arrow’s executive chairman, president and CEO.

Bunker Hill notes the excellent infrastructure in the area, with

Golden Arrow is already earning production revenue via its

1-16_OCT15_Main .indd 13

Puna’s production guidance for 2018 is 3 to 4.4 million oz. silver, plus lead and zinc credits.

GOLDPLAY EXPLORATION

one of the world’s largest primary silver producers.

First Majestic s i l v e r

c o r p.

1.866.529.2807 EMAIL: info@firstmajestic.com @FmSilverCorp

www.firstmajestic.com

2018-10-11 10:22 AM

14

OCTOBER 15–28, 2018 / THE NORTHERN MINER

SILVER & PGM s

WWW.NORTHERNMINER.COM

Sample bags and a rock hammer at Metallic Minerals’ McKay Hill silver property in the Yukon. METALLIC MINERALS

Metallic finds more veins at Keno and McKay Hill districts METALLIC From 9

particularly in this main area of the Central zone,” Metallic CEO Greg Johnson says during an interview with The Northern Miner.

“It’s starting to suggest you could have a bulk-mineable target in there.”

Johnson says Metallic’s work program at Keno was more multifaceted because the project is more

advanced. According to him, Keno hosts three stages of targets.

One category includes the Caribou, Homestake and Formo targets, where the company is in the early stages of developing resources; a second features six targets that are drill-ready, with trenches or records of past production; and the third has 20 targets at the stage of refinement.

At Caribou and Homestake, the

BHS: TSX-V

NEW PRIMARY SILVER MINE NI-43-101 Inferred Resource 6.3M Oz @ 21.5 oz/t Avge email: company@bayhorsesilver.com | Tel: 1 866 399-6539

www.bayhorsesilver.com

company stepped out along structural corridors, drilling 2,000 metres between the two targets. Neither target hosts just a single vein, but, rather, a package of veins within a structural corridor.

The company spent $2 million at Keno and the other $500,000 at McKay. It is planning its mid2019 programs. It recently closed a $1.54-million private placement, and is generating a small amount of income from royalties on its Australia Creek alluvial gold property, in the southeastern part of Yukon’s Klondike gold district.

The company assembled the package of alluvial claims last year. Johnson says bucket line dredges mined the surrounding area during the 1920s to 1970s, but used Australia Creek’s drainage system as a water source, so the area was never mined.

Last year the company signed two lease agreements on two claim blocks covering nearly 8 kilometres. It recently leased another two blocks that cover 10.5 kilometres.

In exchange, Metallic receives a minimum 10% royalty on all gold production from the area.

“A lot of the alluvial operators are small to mid-size companies,” Johnson says. “They don’t have exploration teams to go out and assemble land packages. We’re doing what we already do for the hard rock business, and then offering the land to experienced operators.”

Before leasing the land, Metallic compiled historic drilling and performed geophysics, auger drilling and limited bulk sampling.

“The testing that has been done by these initial operators in their bulk samples, and drilling, is showing significant alluvial gold,” Johnson says. “It’s a good selling point for a

Workers near a drill rig at Metallic Minerals’ Keno Hill silver project in the Yukon. METALLIC MINERALS

new party.”

As Metallic leases the lower parts of Australia Creek, it creates access to the upper reaches. The operators that come in create road and infrastructure access, incrementally developing the area. There is enough space to eventually host at least 10 operators. Metallic is permitting another 39 km of Australia Creek and its tributaries, which would help bring in another six operators.

“The idea is, this gives us cash flow and sustainability,” Johnson says. “Over time this could become a fairly significant revenue-generating element of our business while we continue to concentrate on our core focus, which is exploration for highgrade silver in the eastern Yukon.”

Meanwhile, the company recently announced the establishment of the Metallic Group, a collaboration with platinum-group-metal (PGM) and nickel-focused Group Ten Metals (TSXV: PGE; US-OTC: PGEZF) that will soon include a third company, copper explorer Granite Creek Copper (TSXV: GCX), after it launches

with its flagship property in Yukon’s Carmacks copper belt.

The Metallic Group shares an office, chief financial officer and administration team. This allows all three companies to hire specialized technical people by lowering overhead and pooling experienced board members.

“All three have a common business plan: acquire large, brownfield district packages next to operating mines, and systematically explore them,” Johnson says.

Metallic’s Keno silver project sits next to Alexco Resource’s (TSX: AXR; NYSE-AM: AXU) Keno Hill project, Group Ten’s Stillwater West PGM-nickel-coper project sits next to Sibanye-Stillwater’s (NYSE: SBGL) Stillwater and East PGM mines, and Granite Creek will be next to Capstone Mining’s (TSX: CS; US-OTC: CSFFF) Minto copper mine.

Shares of Metallic are trading at 23¢ within a 52-week range of 21¢ to 50¢. The company has a $14-million market capitalization. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 15–28, 2018

15

Portfolio managers share top picks PRECIOUS METALS SUMMIT

BY RICHARD QUARISA rquarisa@northernminer.com BEAVER CREEK, COLORADO

A

t the 2018 Precious Metals Summit in Beaver Creek, Colo., The Northern Miner caught up with three portfolio managers to discuss the gold and silver companies that made an impression on them during the event. Here’s what they had to say.

“I’m inclined to speak about our book and portfolio, of course,” Tocqueville Asset Management’s Doug Groh says. “One of the companies is Corvus. We’re a relatively large shareholder in that company, and we’re really quite excited about the resource they just announced.”

Corvus Gold (TSX: KOR; USOTC: CORVF) tabled a maiden resource for its Mother Lode gold project in Nevada in September that incorporates the results of the company’s first two drill programs.

According to the estimate, the project contains 53.3 million tonnes grading 0.68 gram gold for 1.15 million oz. gold, as well as 16.2 million inferred tonnes at 0.46 gram gold for 241,000 oz. gold.

Corvus based its resource on 78 holes it drilled in 2017 and 2018, as well as 189 historical holes. The company is part way through the third phase of a drill program at Mother Lode to expand the resource.

The program is targeting a broad western extension to Mother Lode that Corvus defined with its first two phases of drilling. The company will test the deposit’s northern and eastern extensions, as well as new feeder targets it found while modelling the resource.

“Anglo Gold Ashanti is a shareholder of Corvus, and Anglo holds properties around the Corvus Gold position,” Groh explains. “At some point there’s a consolidation opportunity around the Corvus investment.”

Mother Lode is also surrounded

by Coeur Mining’s (NYSE: CDE) Crown Block claims, which Coeur acquired by buying Northern Empire Resources for $117 million earlier this year.

The company also has its nearby North Bullfrog gold project. North Bullfrog contains 158.1 million

| Junior gold and silver developers catch the eye of three veteran investors

measured and indicated tonnes grading 0.35 gram gold and 1.58 grams silver for 1.76 million oz. gold and 8.02 million oz. silver.

“By the end of October, we’ll have a new preliminary economic assessment combining the three deposits up at North Bullfrog, with the Mother Lode discovery,” Corvus president and CEO Jeffrey Pontius said during a presentation at the Precious Metals Summit.

Corvus shares are trading at $3.12, within a 52-week range of 79¢ to $3.25. The company has a $330-million market capitalization.

On the silver front, Groh names Sunshine Silver Mining as one company he met with at the conference that caught his attention.

“It’s a private company, but Sunshine Silver Mining is building a mine in Mexico: the Los Gatos mine,” Groh says. “We’re rather excited about their project and the developments they’re initiating.”

Sunshine Silver is focused on its Los Gatos silver project in Chihuahua state. The development-stage project is a 70-30 joint venture with Dowa, which owns Japan’s largest zinc refinery.

“We’re surrounded by some exceptional mines, but the area where the Los Gatos discovery was made was not considered mineralogically prospective,” company chairman Stephen Orr said during his presentation. “That is, until two quite renowned exploration geologists conducted an assessment through this area.

“They found an outcrop. It wasn’t mineralized, but it looked like geochemically it probably had some leakage from a deep-seated epithermal. So they sampled the area, and it confirmed their thesis.”

Orr says that because the area was not considered prospective, almost all the mineral rights were available. The company was able to compile 1,030 sq. km of contiguous mineral rights.

Sunshine tabled a feasibility study for the project 10 years later, in December 2016. It assigns the project a US$209-million net asset value at a 5% discount rate. The project has 9.8 million proven and probable tonnes grading 247 grams silver, 4.8% zinc, 2.3% lead and 0.3 gram gold.

Attendees at the 2018 Precious Metals Summit in Colorado. SONIA SLEE PHOTOGRAPHY

Sunshine would mine 2,500 tonnes per day to produce 5.2 million oz. silver, 50 million lb. zinc and 37 million lb. lead each year over 11.5 years.

The company is financed for the project’s US$316-million initial capital expense through a debt facility totalling US$210 million, and an equity financing that covers the rest.

According to Groh, the company should begin underground mining in the next couple of months.

It expects to hit full production by the end of 2019.

Sunshine says it intends to go public “in the future, when markets are favourable.” It would list itself on the New York Stock Exchange and the Toronto Stock Exchange.

Dynamic Funds’ Robert Cohen lists several gold companies that have been getting a lot of attention.

Bellevue Gold is one that stands out to him.

“They’re here, and I think they’re getting a lot of positive feedback,” Cohen says.

Bellevue is drilling from three diamond drill rigs at its flagship Bellevue gold project, 400 km northwest of Kalgoorlie in Western Australia.

The project includes the historic Bellevue gold mine that — according to the company — produced 800,000 oz. gold at 15 grams gold, but closed down in 1997.

Bellevue asserts that the historic mine remains poorly understood and under-explored. According to a JORC–compliant resource it tabled in August 2018, the project contains 1.9 million inferred

tonnes grading 8.2 grams gold for 500,000 oz. gold.

“The amazing thing about this is, we’re discovering it for about A$15 per resource ounce,” Bellevue director Steve Parsons said during his presentation. “It’s very cheap. We’re spending about A$1.5 million per month, and we’re adding 100,000 oz. gold a month with that.”

With more than A$8 million in cash as of June 2018, the company is fully funded to finish its infill and step-out exploration program at the project. It’s testing multiple targets along more than 20 km of strike around the historic mine, and plans to table an updated resource estimate in 2018’s fourth quarter.

Recent step-out highlights from the project’s Tribune and Viago lodes include 2.1 metres grading 9.4 grams gold from 300 metres downhole and 2.8 metres at 19 grams gold from 571 metres downhole.

Shares of Bellevue are trading at A24¢ within a 52-week range of A8¢ to A30¢. The company has a A$96-million market capitalization.

Cohen also met with SilverCrest Metals (TSXV: SIL; US-OTC: SVCMF) at the summit.

“They just put out their latest resource,” Cohen says. “That’s very much a world-class discovery.”

SilverCrest tabled the updated resource for its Las Chispas silvergold property in Sonora, Mexico, in September.

The project has 4.3 million inferred tonnes grading 3.68 grams gold and 347 grams silver, or 623 grams silver equivalent, for 511,500

oz. gold and 48.2 million oz. silver — or 86 million oz. silver equivalent.

“As of this latest resource, we are in the top-five, highest-grade silvergold deposits in the world,” said SilverCrest CEO Eric Fier during his presentation.

The expanded resource includes eight of 30 veins in the district, as opposed to the five veins included in the maiden resource the company released in February 2018.

The updated resource features a 26% increase in tonnage, a 38% increase in equivalent ounces of silver and a 10% increase in silverequivalent grade.

The company says it increased the Las Chispas resource by expanding the Babicanora vein with 24 more holes, and discovering the Babicanora Norte vein, with 40 holes. It also discovered the Granaditas veins and the Luigi vein, and expanded the Giovanni vein.

SilverCrest plans to drill the property with as many as eight drills until the first quarter of 2019. At that time, it plans to release another updated resource and a preliminary economic assessment for Las Chispas.

SilverCrest was formed largely by the management team that discovered and developed the Santa Elena silver-gold mine, and sold it to First Majestic Silver (TSX: FR; NYSE: AG) in 2015.

“We’re fully committed to running this project right into production,” Fier says.

Shares of SilverCrest are trading at $3.14 with a 52-week range of $1.05 to $3.58. The company has a $231-million market capitalization.

Cohen is the lead portfolio manager for the Dynamic Precious Metals Fund and Dynamic Strategic Gold Class. He is also co-manager of the Dynamic Strategic Resource Class and DMP Resource Class.

After our conversation with Cohen, we asked Van Eck Associates’ Joe Foster for his favourite stories at the show.

“There are a couple interesting companies that I’ll follow up on when I get back to New York,” Foster says with a smile. He has just watched more than a dozen company’s present after acting as a moderator all afternoon. “But I’ll keep that to myself.” TNM

Portfolio managers weigh in on the future for gold SUMMIT From 1

Rocky Mountains, streaked with red, orange and green.

More than 150 precious metals companies attended this year’s Precious Metals Summit, with a generally positive sentiment about the future of gold and silver, despite low spot prices of US$1,200.90 per oz. gold and US$14.50 per oz. silver at the time of writing.

“Our expectation is that in 2019 we’re going to see a much more constructive gold market,” Tocqueville Asset Management portfolio manager Doug Groh tells The Northern Miner from a conference room at the Summit. We sit in an outdoor tent.

A chairlift dangles over the green hills behind us.

Tocqueville manages US$1.5 billion dedicated to the gold-mining sector. The company is invested in gold mining mostly for exposure to gold equities and gold bullion.

It thinks monetary policies around the world become dysfunctional over time, to which gold provides an excellent hedge.

“We found that gold is a good, non-correlated asset to an overall portfolio,” Groh says. “When other

investments may be doing well, gold may not be doing well, but when investments other than gold are doing poorly, gold often does quite well to offset that poor performance from other sectors.”

He says that trend is especially true of the gold price in relation to the U.S. dollar. When the U.S. dollar performs strong, as is the case right now, the gold price suffers. When the U.S. dollar weakens, investors turn to gold as a safe haven.

Van Eck Associates portfolio manager Joe Foster shares that sentiment, but admits there are exceptions to the rule.

“There are times where they do correlate, and the last time we saw a strong correlation was during the financial crisis, when both the dollar and gold were being used as a safe haven,” Foster says. “But generally the first safe haven of choice is the U.S. dollar, and when we have systemic risks that threaten the financial system — threaten the U.S. economy — then gold becomes the ultimate safe haven.”

He points to the Italian financial collapse and the U.S. mid-term elections as sources of volatility that could create new levels of geopoliti-

“WHAT WE CAN EXPECT IN THE NEXT COUPLE OF YEARS ARE FOR DONALD TRUMP’S TRADE WARS TO MORPH INTO CURRENCY WARS, AND THAT’S WHEN GOLD WILL REALLY START TO BE ROCKET FUELLED.” ROBERT COHEN VICE-PRESIDENT, DYNAMIC FUND

cal risk. He says those are the types of catalysts that could drive up the gold price, but also that as we move through 2019, this economic cycle will likely come to an end.

“That brings out all kinds of problems in the financial system that drives gold much higher.”

For Dynamic Funds’ vice-president and portfolio manager Robert Cohen, those catalysts are emerging

right now in the form of U.S. President Donald Trump’s trade wars.

“What we can expect in the next couple of years are for Donald Trump’s trade wars to morph into currency wars, and that’s when gold will really start to be rocket fuelled,” Cohen says.

“So in this — call it ‘first inning’ — don’t expect much, but in the next inning, we’ll see a lot of action in the gold price.”

He expects to see a bit of a global currency war coming in the next couple of years, and along with it, headline inflation increases.

Cohen adds that if the trade wars manifest in higher U.S. consumer prices, “people will start realizing that a dollar’s not a dollar anymore, and they’ll wake up to that and start looking for alternatives like gold to protect their purchasing power.”

Groh agrees that geopolitical events play a factor in the gold price, but adds that the price also responds to higher interest rates.

“Gold responds to a lot of things,” Groh says. “That’s why gold is a rather unique hedge in a portfolio.”

Groh says that higher interest rates could force the U.S. economy into a recession, which could raise

the gold price as investors seek a safe haven.

However, Cohen says it’s a balance between a market that is too healthy for gold and one that isn’t healthy enough.

“Gold is one of those things that doesn’t work when things are really good, because there’s no need for a flight to gold,” he says. “It works when things are bad, but it actually doesn’t work when things are really, really bad, because it becomes a liquiditive last resort.”

He points to the ongoing Turkey financial crisis as an example.

“Their central bank owns a lot of gold, and they’re selling the gold to keep the country afloat,” he says.

Like Groh and Foster, Cohen expects upward movement in the gold price in 2019 or 2020. Foster adds that the worst has already happened for gold investors.

“We’re forming a massive base in the gold market,” Foster says. “The bottom was December of 2015. I regard that as the bottom. That was the end of the bear market in gold, and since then we’re just forming a massive base trading at a range between US$1,100 and US$1,300 an ounce, essentially.” TNM

16

WWW.NORTHERNMINER.COM

OCTOBER 15–28, 2018 / THE NORTHERN MINER

BHP buys SolGold stake for US$35M M&A

BY TRISH SAYWELL

B

tsaywell@northernminer.com

HP Billiton (NYSE: BHP; LON: BLT) is acquiring a 6.1% stake in SolGold (TSX: SOLG; LON: SOLG), which is developing its Cascabel porphyry copper-gold project in Ecuador.

BHP is buying the stake for US$35 million from Guyana Goldfields (TSX: GUY) for 26.59 pence per share — a 20% premium to its 20day, volume-weighted average price of 22.16 pence per share on the London Stock Exchange.

BHP CEO Andrew Mackenzie, said the investment not only gives

| Guyana Goldfields to use proceeds from sale to lower debt

it exposure to a high-quality copper exploration project, but that Cascabel is also in a “highly prospective location” for the company.

“Consistent with our positive long-term outlook, copper is a key exploration focus for BHP, as we seek to replenish our resource base and grow this important business,” Mackenzie said in a press release on Sept. 5.

The Alpala deposit is the main target in the Cascabel concession, located on the northern section of the Andean Copper Belt.

The project area hosts Eoceneaged mineralization — much like numerous tier-one deposits along

the Andean Copper Belt in Chile and Peru.

The project’s base of operations is located at Rocafuerte in northern Ecuador, about a three-hour drive north of Quito, and is close to water, power supply and ports on the Pacific.

Alpala has produced some of the greatest drill-hole intercepts in porphyry copper-gold exploration history, the company says, with hole 12 (CSD-16-12) returning 1,560 metres grading 0.59% copper and 0.54 gram gold per tonne, including 1,044 metres grading 0.74% copper and 0.54 gram gold.

SolGold has completed 123,500

metres of diamond drilling on the project so far and produces 10,000 metres of core each month. Twelve rigs are operating at Cascabel: 10 on the Alpala cluster, and two on a prospect called “Aguinaga.”

The program is designed to extend and upgrade the Alpala resource.

A maiden resource for Alpala published in January 2018 estimated 430 million indicated tonnes grading 0.52% copper and 0.43 gram gold per tonne (at a 0.3% copper-equivalent cut off) plus 650 million inferred tonnes at 0.45% copper and 0.30 gram gold.

Those numbers add up to 2.3 million tonnes of contained copper and 6 million oz. gold in the indicated category and 2.9 million tonnes copper and 6.3 million oz. gold in the inferred category.

Since the mineral estimate earlier this year, the company has drilled over 100,000 additional metres at Alpala.

In August, the company provided an exploration update on Cascabel.

Hole 41 was the highlight. It cut 582 metres grading 0.64% copper and 0.85 gram gold, including 340 metres of 0.78% copper and 1.21 grams gold.

In addition to testing Alpala, there are several targets the company is testing or plans to test in the future, including the Aguinaga and Trivinio prospects.

Guyana Goldfields will get US$35 million for its 6.1% stake in SolGold.

It notes that its early purchase price for 103.1 million SolGold shares cost it US$10 million — yielding a healthy return on its investment.

Guyana Goldfields, which operates the Aurora gold mine in Guyana, said it doesn’t expect to pay any capital gains on the share sale due to accumulated tax pools it has available. It plans to use the proceeds from the sale to lower debt and for general corporate purposes. TNM

Anglo American has its eye on Angola EXPLORATION

| Major seeks base metals

BY TRISH SAYWELL tsaywell@northernminer.com

C

ommodities giant Anglo American (LON: AAL) has applied for exploration concessions for base metals in Angola.

“We believe there is geological potential in Angola and have noted with interest the recent changes, including the release of a new Mining Code and the availability of the new countrywide, geophysical data,” James Wyatt-Tilby, Anglo’s group head of corporate communications, confirmed in an email to The Northern Miner.

The company declined further comment about its decision or the current political situation in Angola.

The African state elected its first new president in 38 years in September 2017.

Joao Lourenco, a retired general, fought in the independence

Drillers at SolGold’s Cascabel porphyry copper-gold project in Ecuador. SOLGOLD

struggle against Portugal and later against the National Union for Total Independence of Angola during the country’s bloody civil war, which lasted for a quarter of a century.

Shortly after taking power, Lourenco fired a number of security chiefs close to his predecessor, as well as the leaders of several state-run companies, the BBC has reported.

Angola is one of Africa’s major oil producers and a significant diamond producer. The government also says the country has potential for copper, iron ore and gold.

According to Reuters, Anglo American is the first major mining company to request exploration permits, since Lourenco “vowed to open up the sector, and encouraged foreign investment.”

Angola is bordered by Namibia to the south, the Democratic Republic of the Congo to the north, Zambia to the east, and the Atlantic Ocean to the west. TNM

Five industry influencers named to CMHF CMHF From 5

considered one of the most challenging projects of its time. Laird worked closely with the exploration team to find high-grade targets that made the project viable and found innovative solutions to a logistical and engineering problems. Porgera went on to produce 20 million oz. gold from 1990 to 2017, and continues to operate with 2 million oz. in proven and probable reserves.

Laird developed other notable projects into mines during his tenure at Placer, including Big Bell and Granny Smith in Australia, and Zaldivar and La Coipa in Chile. He was an early advocate of corporate social responsibility to ensure that local and Indigenous people benefited from mining and related activities. He has served as a respected consultant, corporate director and advisor, and an adjunct professor at University of British Columbia.

He is a past president (1997–1998) and life member of the Canadian Institute of Mining.

Brian K. G. Meikle (1932–2016) The greatest discoveries are transformative, and Brian Meikle is one of only a few modern-era geologists who achieved this pinnacle of success. In the 1960s, he contributed to the discovery and development of the Camflo gold mine in Quebec, and later was part of a talented team that made it a cornerstone of growth for Barrick Gold (formerly American Barrick). In the early 1980s, he recognized the potential of the Mercur gold mine in Utah, which became a key link in the evolution of Barrick. Meikle’s crowning achievement was the 1986 Goldstrike discovery in Nevada, which grew to 60 million oz. gold reserves and resources in several deposits.

Goldstrike propelled Barrick into the world’s largest gold miner and generated immense wealth that has flowed back to benefit Canadian companies, shareholders and society.

Born in Montreal, Meikle returned to Canada from California as a post-graduate student. He earned

Brian K. G. Meikle

an MSc degree (geology) from McGill University in 1955, followed by his PhD in 1959. He was the recipient of McGill’s Logan Gold Medal in 1958, awarded to the graduating student who stands highest in the First Class Honours list in Geology.

In 1962, Meikle joined Camflo Mines and was instrumental in discoveries that made the mine and the company. He spent 22 years with Camflo in diverse roles, including mine manager and vice-president of operations. In 1984, Peter Munk acquired Camflo for American Barrick and gained a technical team to help realize his dream of creating a

major gold producer.

Along with Camf lo colleague (and fellow CMHF inductee) Robert Smith, Meikle recognized the untapped potential of the Mercur mine in Utah. Barrick bought the mine for US$40 million (less than half its original cost) and overcame its technical challenges — notably low recoveries from processing refractory sulphides. Mercur produced 2.5 million oz. gold from 1985 to 1995.

Meikle also led the geological team that evaluated the Goldstrike property in Nevada, which at the time was producing 40,000 oz. gold per year as a heap-leach operation.

He voiced a hunch that the shallow oxide mineralization at Goldstrike was the surface expression of a much bigger, deeper system. In 1986, Barrick bought the property for US$68 million and was chastised for paying this exorbitant price. Meikle’s hunch was confirmed when the first deep hole below the Post deposit intersected 119 metres of high-grade gold, followed by a hole that returned 189 metres averaging 0.3 oz. gold per ton.

Subsequent exploration supervised

by Meikle revealed that Post was part of a much larger deposit known as Betze-Post. In 1989, a totally blind discovery was made a mile north of Betze-Post and later developed into the aptly named Meikle mine.

Goldstrike was not without challenges, as the deep sulphide mineralization was refractory and not amenable to flotation. Meikle recognized the metallurgical synergies between Goldstrike and Mercur, which then was one of only two North American mines with autoclave technology that could process refractory ores.

Armed with this in-house expertise, Barrick invested US$400 million to build a mining and milling complex with autoclaves, and began operations in 1987.

Goldstrike’s gold reserves and resources grew to 60 million oz., including past production. After-tax profits from the mine have flowed back to Canadian companies, royalty holders, and their shareholders since 1987, including significant sums donated to Canadian hospitals, universities and other institutions that benefit Canadian society. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 15–28, 2018

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18

WWW.NORTHERNMINER.COM

OCTOBER 15–28, 2018 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / OCTOBER 1–5 Canada’s benchmark index fell 0.9% to 15,946.17 and the S&P/TSX Global Mining Index fell 0.39% to 65.54. Gold performed better, however, as the S&P/TSX Global Gold Index rose 2% to 157.14, and the gold price rose 0.9% to US$1,202.70.

Sh a re s of P rophe c y De velopment rose 138% to 29¢, a f ter t he compa ny reached a n a g reement w it h t he U. S .

Bureau of Land Management (BLM) to expedite permitting efforts at its Gibellini vanadium project in Nevada’s Battle Mountain trend. The company agreed to reimburse BLM — under a fixed cost structure — the price of all work needed to review its mine plan of operations.

BLM also said Gibellini’s environmental impact statement would be the first in Nevada to undergo a streamlined review process. Prophecy will soon submit a water pollution control permit application to Nevada.

A May 2018 preliminary economic assessment assigned Gibellini a US$338-million, after-tax net present value at a 7% discount rate and a 50.8% after-tax internal rate of return, with payback less than a year from start-up.

Shares of Pershing Gold rose 17% to $1.88 after announcing it would merge with Americas Silver. Pershing shareholders will

receive 0.715 share of Americas Silver for each Pershing share they own. The deal values Pershing shares at US$1.69, based on Americas Silver’s New York Stock Exchange closing price on Sept. 28.

The deal gives Americas Silver a shovelready project in Pershing’s Relief Canyon gold project. A 2018 feasibility study gave the Nevada project a US$133-million, after-tax net present value at a 5% discount rate and an 87% after-tax internal rate of return. Pershing can leverage Americas Silver’s experience and access to capital to help build its mine.

Shares of Hudbay Minerals fell 58¢ to $5.96, after it was reported the company is in talks to acquire Chilean miner Mantos Copper in a US$780-million deal. The TSX MOST ACTIVE ISSUES

Royal Nickel RNX Wallbridge Mng WM Barrick Gold ABX Turquoise HIl TRQ Suncor Energy SU First Quantum FM Kinross Gold K Goldcorp G Nemaska Lith NMX HudBay Mnls HBM

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

82316 0.98 0.68 0.80 - 0.09 33707 0.35 0.25 0.30 + 0.08 19535 15.14 14.18 14.84 + 0.55 17259 2.79 2.61 2.61 - 0.14 16859 51.78 50.08 50.68 + 0.70 15834 15.28 14.12 14.60 - 0.11 14731 3.68 3.42 3.58 + 0.06 13451 13.62 12.93 12.95 - 0.21 12022 0.83 0.75 0.77 + 0.02 11779 6.98 5.64 5.96 - 0.58

company did not deny t he claim, but said in a press release that it “has had a consistent strategy of optimizing the value of its current operations and evaluating growth opportunities that are complementary to its current business, and that it continues to adhere to this strategy.”

Mantos is looking for a buyer to finance an expansion that would double copper production from its current operations.

In response to the report, 4.8% Hudbay shareholder Waterton Global Resource Management sent a letter to Hudbay’s board demanding Hudbay “immediately terminate any discussions or plans to execute the Mantos Transaction, and any other material acquisitions in the near future.”

Waterton said Hudbay should instead focus on fixing operational issues within its current portfolio. TNM

TSX GREATEST PERCENTAGE CHANGE

Prophecy Coal Wallbridge Mng Loncor Res Argonaut Gold Condor Gold Pershing Gold Gran Colombia Intl Tower Hil Osisko Mng Inc Asanko Gold St Augustine Yorbeau Res Euro Sun Mg Anglo Pac Grp Lithium Amer Verde Potash Titan Mining Silver Bull Re Imperial Metal Red Eagle Mng

PCY WM LN AR COG PGLC GCM ITH OSK AKG SAU YRB ESM APY LAC NPK TI SVB III R

4629 33707 303 2430 12 99 410 54 5173 658 338 48 122 4 755 156 110 1237 324 450

0.30 0.35 0.14 1.77 0.80 2.08 2.61 0.69 2.80 1.19 0.03 0.03 0.69 2.99 6.35 0.67 1.34 0.14 1.99 0.09

0.13 0.25 0.11 1.40 0.61 1.64 2.25 0.56 2.28 1.02 0.02 0.00 0.57 2.50 5.33 0.56 1.19 0.12 1.65 0.08

0.29 0.30 0.13 1.68 0.68 1.88 2.60 0.69 2.68 1.16 0.02 0.03 0.60 2.50 5.36 0.56 1.19 0.12 1.76 0.09

TSX GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Agnico Eagle Franco-Nevada Torex Gold Cameco Corp Pretium Res Suncor Energy Barrick Gold Nutrien Seabridge Gld Nexa Resources Lithium Amer Ero Copper Teck Res HudBay Mnls MAG Silver Wheaton Prec M Lundin Mng Anglo Pac Grp Caledonia Mng Americas Silvr

+ 137.5 + 34.1 + 18.2 + 17.5 + 17.2 + 16.8 + 15.6 + 15.0 + 14.0 + 13.7 - 20.0 - 14.3 - 14.3 - 13.8 - 13.4 - 12.5 - 11.2 - 11.1 - 10.7 - 10.5

VOLUME WEEK (000s) CLOSE CHANGE

AEM FNV TXG CCO PVG SU ABX NTR SEA NEXA LAC ERO TECK.A HBM MAG WPM LUN APY CAL USA

4694 45.45 2893 81.79 1550 11.90 9338 15.66 3552 10.56 16859 50.68 19535 14.84 3942 75.07 880 17.20 21 16.08 755 5.36 1073 11.43 8 30.64 11779 5.96 1062 9.90 4691 22.09 7994 6.34 4 2.50 22 8.38 380 2.81

+ 1.33 + 0.99 + 0.93 + 0.93 + 0.74 + 0.70 + 0.55 + 0.49 + 0.49 + 0.45 - 0.83 - 0.77 - 0.60 - 0.58 - 0.54 - 0.51 - 0.50 - 0.40 - 0.40 - 0.24

TSX VENTURE EXCHANGE / OCTOBER 1–5 Shares of Aurania Resources rose 53¢ to $2.76. The company recently found the first significant instances of copper mineralization at its Lost Cities–Cutucu project in Ecuador. Two regional exploration teams marked the targets 20 km from one another while exploring magnetic occurrences from a geophysical survey. It named them Jempe and Kirus.

Jempe features outcropping copper mineralization in volcanic rock that Aurania sampled as high as 3% copper and 47 grams per tonne silver. The company has not seen final assays from Kirus, but like Jempe, it occurs in a finely banded tuff. Initial rock-chip sampling returned copper grades higher than 1% and up to 59 grams silver.

Aurania says both targets represent the upper portions of porphyry targets.

It is cont i nu i ng its st rea m-sed i ment s a mpl i ng prog r a m acros s t he ent i re Lost Cities project, ranking targets for scout drilling.

Shares of First Vanadium rose 42¢ to $1.79 after the company finished a second phase of drilling at its Carlin vanadium project, 10 km south of Carlin, Nevada. The company drilled 69 reverse-circulation holes at Carlin, for a total 216 drill holes.

Union Carbide drilled 152 of the holes in

the 1960s, and defined a historic resource of 25 million inferred tonnes grading 0.51% vanadium pentoxide for 289 million lb. vanadium pentoxide.

The Ca rlin project is under opt ion from Golden Predator US Holding. First Vanadium can earn a 100% interest in the project by making yearly payments and exploration expenses over six years. In September it changed its name to First Va nadium f rom Cornerstone Meta ls.

Its ticker symbol on the TSX Venture exchange is now “FVAN.” Shares of Novo Resources fell 50¢ to $2.72.

The company acquired Farno McMahon, and with it a 100% interest in four tenements, including two mining leases, in Western Australia’s Egina region. The company paid TSX-V MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Aton Res Inc AAN 14417 Enforcer Gold VEIN 10351 Great Atlantic GR 10267 Orla Mng Ltd OLA 9604 Sokoman Iron SIC 6036 Panoro Mnrls PML 5161 Nrthn Shield NRN 5096 Golden Arrow GRG 4405 Cobalt Pwr Grp CPO 4309 GoviEx Uranium GXU 4220

0.11 0.05 0.10 1.50 0.20 0.31 0.04 0.37 0.08 0.25

0.07 0.03 0.06 1.22 0.17 0.28 0.03 0.23 0.06 0.22

0.08 + 0.04 + 0.07 - 1.49 + 0.18 + 0.28 unch 0.03 - 0.30 - 0.06 - 0.23 -

0.03 0.01 0.03 0.23 0.02 0.00 0.01 0.07 0.02 0.01

an initial A$150,000 to Farno, and then another A$2.35 million. It also issued Farno shareholders 1.25 million shares valued at A$5.5 million.

Novo also entered an agreement with Pioneer Resources, where it can earn a 70% interest in precious metal rights on four exploration tenements in the Egina region. The four claims make up Pioneer’s

Kangan gold project, and are adjacent to claims Novo already holds. As part of the transaction, Novo subscribed for A$1 million Pioneer shares. Novo also paid the company A$200,000 in cash and issued it 100,000 shares. The claims are all part of the Pilbara gold district, where Novo already has its more advanced Comet Well and Purdy’s Reward gold projects. TNM

TSX-V GREATEST PERCENTAGE CHANGE

Altair Res Inc Lincoln Mng Randsburg Intl Western Atlas Canterra Mnls Sparton Res Gray Rock Res Aton Res Inc Nevada Expl Luckystrike Gungnir Res Alturas Mnrls Troymet Expl Fairmont Res Tres-Or Res Niocan Inc Asian Minl Res AEX Gold Cons Woodjam Brigadier Gold

AVX LMG RGZ.H WA CTM SRI GRK AAN NGE LUKY GUG ALT TYE FMR TRS NIO ASN AEX WCC BRG.H

52 1540 129 197 409 3098 21 14417 913 78 4188 160 564 604 588 217 6 28 472 138

0.08 0.03 0.01 0.10 0.04 0.07 0.09 0.11 0.39 0.48 0.33 0.01 0.01 0.25 0.03 0.20 1.24 0.53 0.04 0.21

0.00 0.00 0.01 0.08 0.03 0.04 0.05 0.07 0.24 0.27 0.13 0.01 0.01 0.03 0.00 0.14 0.00 0.33 0.03 0.11

0.08 0.02 0.01 0.10 0.04 0.07 0.09 0.08 0.36 0.48 0.13 0.01 0.01 0.14 0.02 0.15 0.80 0.33 0.03 0.11

TSX-V GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

+ 275.0 + 100.0 + 100.0 + 81.8 + 75.0 + 75.0 + 70.0 + 60.0 + 56.5 + 54.8 - 62.9 - 50.0 - 50.0 - 46.0 - 42.9 - 38.8 - 38.5 - 37.7 - 37.5 - 34.4

VOLUME WEEK (000s) CLOSE CHANGE

Aurania Res Till Capital Great Bear Res First Vanadium White Gold Hut 8 Mining Orla Mng Ltd Aurion Res EMX Royalty Luckystrike Cobalt 27 Cap Novo Res Asian Minl Res Gungnir Res Garibaldi Res Corsa Coal Abitibi Royalt AEX Gold Barsele Min Metallis Res

ARU TIL GBR FVAN WGO HUT OLA AU EMX LUKY KBLT NVO ASN GUG GGI CSO RZZ AEX BME MTS

55 115 1643 2431 2121 199 9604 407 379 78 821 1009 6 4188 1578 54 23 28 211 149

2.76 2.50 2.26 1.79 1.68 3.27 1.49 1.90 1.78 0.48 5.72 2.72 0.80 0.13 1.56 1.20 9.69 0.33 0.69 0.81

+ 0.53 + 0.44 + 0.42 + 0.42 + 0.41 + 0.34 + 0.23 + 0.20 + 0.20 + 0.17 - 0.70 - 0.50 - 0.50 - 0.22 - 0.21 - 0.20 - 0.20 - 0.20 - 0.15 - 0.13

U.S. MARKETS / OCTOBER 1–5 The Dow Jones Industrial Average slipped 0.4% to 26,447.05 and the S&P 500 Index fell 0.98% to 2,885.57. Spot gold closed US$10.50 per oz. higher at US$1,202.70 per oz. gold.

Pretium Resources rose 7.1% to US$8.15 per share on news of a financing agreement.

The company signed a commitment letter on Oct. 4 for a fully underwritten, US$480million debt facility with the Bank of Nova Scotia, Société Générale and ING Capital LLC. The loan facility will be available by way of a US$250-million, senior-secured, amortizing non-revolving credit facility and a US$230-million, senior-secured revolving credit facility. The loan facility will help refinance the construction credit facility (US$423 million due on Dec. 31, 2018) for building the high-grade, underground Bruce Jack mine in northern British Columbia. Pretium said the funds will also be available for general corporate purposes, “including, if necessary, the repurchase of 100% of the existing 8% precious metals stream.” The loan facility will mature four years from the closing date.

One week after Barrick Gold and Randgold Resources announced an all-share merger, Barrick announced on Oct. 1 that its execu-

tive chairman, John Thornton, bought 2.27 million more shares in the company at an average $11.11 per share, nearly doubling his shareholding in Barrick to 5 million shares.

Barrick also clarified in the same press release that based on the exchange ratio of 6.128 Barrick shares for each share of Randgold Resources under the business combination, the Randgold ordinary shares held by Mark Bristow could convert into 5.14 million Barrick shares after completing the merger, after which Bristow will become Barrick’s president and CEO. Barrick shares were up 3.5% at US$11.47 apiece.

U.S. MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Vale* VALE 132846 16.13 14.70 15.01 + 0.17 Freeport McMoR* FCX 93581 14.28 13.22 13.27 - 0.65 Barrick Gold* ABX 87852 11.80 11.06 11.47 + 0.39 Kinross Gold* KGC 63933 2.88 2.67 2.76 + 0.06 United States S* X 45843 30.91 28.84 29.40 - 1.08 Yamana Gold* AUY 44725 2.61 2.45 2.50 + 0.01 Goldcorp* GG 40176 10.63 9.99 9.99 - 0.21 Cleveland-Clif* CLF 40051 12.94 11.91 12.36 - 0.30 Alcoa* AA 33366 45.45 39.88 42.06 + 1.66 Eldorado Gold* EGO 31618 0.98 0.86 0.88 - 0.00

Shares of Rio Tinto fell US$1.22 to US$49.80 per share. The company — along with jointventure partners Mitsui and Nippon Steel & Sumitomo Metal — approved an investment of $1.55 billion (Rio Tinto’s 53% share is $820 million) to develop the Mesa B, C and H de-

posits at Robe Valley, and $579 million (Rio’s share: $307 million) in developing deposits C and D at the West Angelas operation. Rio says the investments will sustain production of the Pilbara Blend of iron ore, and its Robe Valley lump and fines products. TNM

U.S. GREATEST PERCENTAGE CHANGE

Sibanye-Stillw* SBGL Pretium Res* PVG CONSOL Coal Rs* CCR Natural Res Pt* NRP Cloud Peak En* CLD Cameco Corp* CCJ McEwen Mng* MUX Alcoa* AA Barrick Gold* ABX Nexa Resources* NEXA Lithium Amer* LAC HudBay Mnls* HBM Trecora Res* TREC Freeport McMoR* FCX Turquoise HIl* TRQ Vedanta* VEDL United States S* X Buenaventura* BVN CONSOL Energy* CEIX Wheaton Prec M* WPM

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

16484 2.83 2.51 2.70 + 8.4 11293 8.61 7.50 8.15 + 7.1 262 19.25 17.93 19.15 + 6.7 245 33.20 30.88 33.07 + 6.7 1894 2.55 2.27 2.44 + 6.1 17846 12.38 11.17 12.08 + 6.0 5823 2.07 1.91 2.03 + 4.6 33366 45.45 39.88 42.06 + 4.1 87852 11.80 11.06 11.47 + 3.5 352 12.86 11.41 12.47 + 3.4 520 4.95 4.12 4.18 - 12.9 4749 5.44 4.35 4.59 - 9.1 119 14.40 13.13 13.32 - 4.9 93581 14.28 13.22 13.27 - 4.7 29718 2.18 2.01 2.03 - 4.2 2155 13.23 12.21 12.27 - 4.1 45843 30.91 28.84 29.40 - 3.5 3696 13.83 12.92 12.99 - 3.1 2228 41.86 38.55 39.74 - 2.6 12876 17.55 16.84 17.05 - 2.6

U.S. GREATEST VALUE CHANGE

Aurania Res Till Capital Great Bear Res First Vanadium White Gold Hut 8 Mining Orla Mng Ltd Aurion Res EMX Royalty Luckystrike Cobalt 27 Cap Novo Res Asian Minl Res Gungnir Res Garibaldi Res Corsa Coal Abitibi Royalt AEX Gold Barsele Min Metallis Res

VOLUME WEEK (000s) CLOSE CHANGE

ARU TIL GBR FVAN WGO HUT OLA AU EMX LUKY KBLT NVO ASN GUG GGI CSO RZZ AEX BME MTS

55 115 1643 2431 2121 199 9604 407 379 78 821 1009 6 4188 1578 54 23 28 211 149

2.76 2.50 2.26 1.79 1.68 3.27 1.49 1.90 1.78 0.48 5.72 2.72 0.80 0.13 1.56 1.20 9.69 0.33 0.69 0.81

+ 0.53 + 0.44 + 0.42 + 0.42 + 0.41 + 0.34 + 0.23 + 0.20 + 0.20 + 0.17 - 0.70 - 0.50 - 0.50 - 0.22 - 0.21 - 0.20 - 0.20 - 0.20 - 0.15 - 0.13

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / OCTOBER 15–28, 2018

19

M E TA L S , M I N I N G A N D M O N EY M A R K E T S Tuesday, October 9, 2018 Precious Metals Price (US$/oz.)

Change $1194.80 +9.50 Gold Silver $14.47 -0.09 Platinum $815.00 +2.00 Palladium $1061.00 -4.00 Base Metals Nickel Copper Lead Zinc

TSX WARRANTS

PRODUCER AND DEALER PRICES

SPOT PRICES COURTESY OF SCOTIABANK

Price (US$/tonne) Change $12970.00 +435.00 $6289.50 +114.00 $1934.50 -36.00 $2684.50 +63.00

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, October 5, 2018 (change from September 28, 2018 in brackets): Aluminium Alloy 14040 (+480) 966900 (-23650) Aluminium Copper 202400 (-15600) 116075 (-1800) Lead Nickel 228564 (-762) 2865 (+280) Tin 203475 (-1875) Zinc

Thermal Coal CAPP: US$40.00 per short ton Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$74.30 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$12.10 Cobalt: US$28.12/lb.

Copper: US$2.87/lb.

Copper: CME Group Futures Oct. 2018: US$2.80/lb.; Nov. 2018: US$2.81/lb Iridium: NY Dealer Mid-mkt US$1,460.00/tr oz.

Iron Ore 62% Fe CFR China-S: n.a.

Lead: US$0.92/lb.

Lithium carbonate min 99.5% Li2CO3 battery grade, spot prices cif China, Japan & Korea : US$15-17.5/kg Lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade, spot prices cif China, Japan & Korea : US$19-20/ kg Magnesium: n.a.

Manganese: US$2.03/kg Molybdenum Oxide: US$11.79/lb.

Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$2,575.00 tr. oz.

Ruthenium: Mid-mkt US$265.00/tr. oz.

Silver: Handy & Harman Base: US$14.37 per oz.; Handy & Harman Fabricated: US$17.96 per oz.

Tantalite Ore : US$186.50/kg Tin: US$8.61/lb.

Uranium: U3O8, Trade Tech spot price: US$27.20 per lb U308 Zinc: US$1.15/lb.

Prices current Sept. 25, 2018

NORTH AMERICAN STOCK EXCHANGE INDICES

52-week

IndexName Oct 05 Oct 04 Oct 03 Oct 02 Oct 01 High Low S&P/TSX Composite 15946.17 16006.67 16072.05 16017.23 16104.43 15527.30 12400.15 S&P/TSXV Composite 705.69 703.03 707.25 704.46 708.13 1050.26 883.52 S&P/TSX 60 947.21 951.02 952.75 950.04 954.90 896.74 709.99 S&P/TSX Global Gold 157.14 157.59 157.05 159.51 153.91 218.90 149.29 DJ Precious Metals 136.18 136.18 136.40 138.64 134.15 420.72 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Sep 04, 2018 (with changes from Aug 16, 2018) Largest short positions Ivanhoe Mines IVN 14632377 177959 8/16/2018 Sandstorm Gold SSL 13656675 -617631 8/16/2018 Eldorado Gold ELD 9533379 -332378 8/16/2018 Alacer Gold ASR 9445959 14172 8/16/2018 Goldcorp G 9173317 364659 8/16/2018 Turquoise HIl TRQ 8706116 447760 8/16/2018 Nemaska Lith NMX 8289237 1297933 8/16/2018 Nexgen Energy NXE 7535052 418726 8/16/2018 Yamana Gold YRI 7506990 115449 8/16/2018 Osisko Mng Inc OSK 7477582 231922 8/16/2018 New Gold NGD 7193152 -65639 8/16/2018 First Majestic FR 6910879 251030 8/16/2018 Kinross Gold K 6573796 1225237 8/16/2018 OceanaGold OGC 6377720 -747119 8/16/2018 Suncor Energy SU 6216618 990425 8/16/2018 Largest increase in short position KL 3868438 1512546 8/16/2018 Kirkland Lake Nemaska Lith NMX 8289237 1297933 8/16/2018 Kinross Gold K 6573796 1225237 8/16/2018 Wallbridge Mng WM 1116178 1092522 8/16/2018 Largo Res LGO 2367693 1017363 8/16/2018 Largest decrease in short position Lundin Mng LUN 3184140 -3963950 8/16/2018 OceanaGold OGC 6377720 -747119 8/16/2018 HudBay Mnls HBM 2957925 -744683 8/16/2018 IAMGOLD IMG 2289039 -673161 8/16/2018 8/16/2018 Sandstorm Gold SSL 13656675 -617631

Short positions outstanding as of Sep 04, 2018 (with changes from Aug 16, 2018) Largest short positions HIVE 1232224 -141242 8/16/2018 Leeta Gold Atlantic Gold AGB 1179725 -171777 8/16/2018 Pacton Gold PAC 1134630 1130216 8/16/2018 Puma Expl PUMA 1000000 984000 8/16/2018 Golden Ridge GLDN 861774 -466371 8/16/2018 Cobalt 27 Cap KBLT 700300 -34221 8/16/2018 Aben Res ABN 671300 -67200 8/16/2018 Prize Mng PRZ 601300 85300 8/16/2018 First Cobalt FCC 468489 194689 8/16/2018 Beaufield Res BFD 417900 390900 8/16/2018 Cameo Cobalt CRU 410710 387210 8/16/2018 Aldershot Res ALZ 329116 -98800 8/16/2018 Critical Elem CRE 299600 175637 8/16/2018 Hut 8 Mining HUT 275783 -2480 8/16/2018 Doubleview Cap DBV 250000 186000 8/16/2018 Largest increase in short position PAC 1134630 1130216 8/16/2018 Pacton Gold Puma Expl PUMA 1000000 984000 8/16/2018 Beaufield Res BFD 417900 390900 8/16/2018 Cameo Cobalt CRU 410710 387210 8/16/2018 First Cobalt FCC 468489 194689 8/16/2018 Largest decrease in short position Goliath Res GOT 13656 -991552 8/16/2018 EnCore Energy EU 1400 -753861 8/16/2018 Juggernaut Exp JUGR 140135 -661406 8/16/2018 Equinox Gold EQX 108400 -621097 8/16/2018 BEA 400 -528200 8/16/2018 Belmont Res

DAILY METAL PRICES Daily Metal Prices Oct 8 Oct 5 Oct 4 Oct 3 Oct 2 Date BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy N/A 1430/1480 1400/1450 1425/1460 1365/1390 N/A 2139.50/2150 2243/2250 2166/2175 2079.50/2092.50 Aluminum N/A 6182/6187 6309/6311 6273/6277 6273/6261 Copper Lead N/A 1970/1990 2018/2039 2020/2042 2000/2024 N/A 12390/12460 12760/12850 12390/12450 12410/12500 Nickel N/A 18900/18925 18975/19000 18900/18925 18900/18895 Tin Zinc N/A 2644/2620 2695/2664 2632/2625 2692.50/2661 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1194.80 1201.10 1199.45 1203.50 1192.65 Gold PM 1186.95 1203.80 1203.45 1201.20 1204.70 Silver 14.47 14.64 14.63 14.74 14.51 Platinum 814.00 824.00 830.00 832.00 828.00 1066.00 1061.00 1060.00 1050.00 1060.00 Palladium

Alamos Gold (AGI.WT.A) - Wt buys sh @ $10.00 to Jan 7/19 Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eColbalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Golden Queen Mining Co (GQM.WT) Wt buys sh @ $2 to Jul 25/19 Gran Colombia Gold (GCM.WT.A) - Wt buys sh @ $3.25 to Mar 18/19

Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry MBAC Fertilizer (MBC.WT) - Wt buys sh @ $1 to Apr 17/19 Nemaska Lithium Inc (NMX.WT) - Wt buys sh @ $1.5 to Jul 8/19 Northern Dynasty Minerals Ltd. J (NDM. WT.A) - Wt buys sh @ $0.55 to Jul 9/20 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Northern Dynasty Minerals Ltd. J (NDM. WT.B) - Wt buys sh @ $0.55 to Jun 10/21 Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22

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

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

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

Brazil Resources (BRI.WT) - Wt buys sh @ $0.75 to Dec 31/18 Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share.

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

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

Goldmining Inc. (GOLD.WT) - Wt buys sh @ $0.75 to Dec 31/18 Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share.

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

JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Jet Metal (JET.WT) - Wt buys sh @ $0.25 to Sep 16/19 Jet Metal (JET.WT.A) - Wt buys sh @ $0.5 to Feb 28/19 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit.

Maple Gold Mines Ltd. (MGM.WT) One warrant to purchase one common share at $0.40 per share

Osisko Gold Royalties (OR.WT.A) - Wt buys sh @ $19.08 to Feb 26/19 Pilot Gold Inc. Wt (PLG.WT) - Wt buys sh @ $0.9 to May 16/19 Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Prairie Provident Resources Inc Wt (PPR. WT) - Wt buys sh @ $0.87 to Mar 16/19 Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry.

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

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

Rainy Mountain Royalty Corp. (RMO. WT) - Wt buys sh @ $0.15 to Mar 1/18 and sh @ $0.25 from Mar 2/18 to Mar 1/19 Rainy Mountain Royalty Corp. (RMD. WT) - Wt buys sh @ $0.15 to Mar 1/18 and sh @ $0.25 from Mar 2/18 to Mar 1/19 Silvercrest Metals Inc. (SIL.WT) - Wt buys sh @ $3 to Dec 06/18 Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share.

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

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

NEW 52-WEEK HIGHS AND LOWS OCTOBER 1–5, 2018 74 New Highs

Apogee Opport * Appia Energy Appia Energy* Athabasca Mnls* Atom Energy * Aton Res Inc Aton Res Inc* Azarga Uranium* Bard Ventures Bard Ventures* Cameco Corp Cameco Corp* Canadian Mng* CNRP Mng Colt Res* CONSOL Coal Rs* Corvus Gold Corvus Gold* Denison Mines* EMX Royalty Ero Copper Ero Copper*

EVI Global Grp Fairmont Res Far Res* First Vanadium First Vanadium* Forsys Metals Global Atomic* Go Cobalt* Great Bear Res Great Bear Res* Grenville Gold* Hemcare Health* Labrador Iron Largo Res Largo Res* Loncor Res Lumina Gold* Luminex Res MacMillan Mnls Maverix Mtls* Midnight Star MK2 Ventures Mosaic* Mundoro Cap*

Nevsun Res* Orestone Mng PanTerra Gold* Pelangio Expl Pelangio Expl* Reunion Gold Riley Resource River Wild Exp SilverCrest Mt* Skyharbour Res Skyharbour Res* Star Diamond Star Diamond* Taku Gold* Titan Mining* Troubadour Res United Battery United Battery* Vale* Vanadian Enrgy Wesdome Gold Western U&V Western U&V* Westhaven Vent

Westhaven Vent* White Gold White Gold* Zonte Mtls

63 New Lows

Alexco Res Almaden Mnls Almaden Mnls* Am CuMo Mng* American Pac Aquila Res Argonaut Gold Argonaut Gold* ATAC Res Avrupa Mnls Avrupa Mnls* Azucar Min Azucar Min* Bannerman Res* Black Iron* Calibre Mng Capstone Mng Centenera Mng Chimata Gold

Contintl Gold Contintl Gold* Copperbank Res* Dolly Vard Sil Erdene Res Dev* First Mg Fin Focus Graphite* Four Nines Fusion Gold Goldcliff Res* Goldcorp Golden Arrow Golden Arrow* Golden Mnls* GoldMining Goldstrike Res InZinc Mining Kinross Gold Klondike Gold* Kootenay Silvr Leeta Gold Maple Gold* Metallic Mnrls MGX Minerals

MGX Minerals* Midnight Sun Millrock Res* Minera Alamos * ML Gold* Moneta Porcpn* Montego Res Nickel Creek* Pacific Rim Renforth Res Silver Viper* Spanish Mtn Gd* Syrah Res* Thunder Mtn Gd Titan Mining* Turquoise HIl* Vatic Vent Wealth Mnrls Wealth Mnrls* WPC Res*

CANADIAN GOLD MUTUAL FUNDS Fund Oct 05 ($) Sep 28 ($) 16.89 16.68 AGF Prec Mtls Fd MF BMO Prec Mtls Fd A 15.02 14.99 BMO ZGD 7.44 7.27 BMO ZJG 6.88 6.69 CIBC Prec Metal Fd A 7.96 7.84 Dyn Prec Metls Fd A 5.97 5.91 8.61 8.61 Galileo GOGO Horizons HEP 19.96 IG Mac GbPMetCl A 7.29 7.19 iShares XGD 9.83 9.67 38.03 37.49 Mac Prec Met Cl A NBI PrecMetFd Invt 10.07 9.91 29.21 28.81 NPT Gold&PrMinFdA NPT SilverEquCl A 4.32 4.34 RBC GblPreMetFd A 28.22 27.61 Sentry Pre Met Fd A 33.22 32.28 27.15 26.68 TD PreciousMetalsInv UITGoDe&ProCl A

Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) 0.21 1.26 -18.66 2.80 89.67 0.03 0.23 -14.28 2.40 50.49 0.17 2.36 -20.72 0.61 0.18 2.72 -18.37 0.60 0.11 1.46 -21.42 2.45 36.26 0.06 1.02 -16.55 2.66 288.66 -0.01 -0.07 -13.21 0.24 1.21 -15.10 0.81 0.10 1.42 -18.83 2.75 27.96 0.16 1.65 -19.36 0.55 698.86 0.54 1.43 -19.12 2.52 51.61 0.16 1.61 -19.30 2.46 23.38 0.40 1.40 -17.57 3.04 127.27 -0.02 -0.44 -19.16 2.95 101.26 0.61 2.20 -17.82 2.13 274.69 0.93 2.89 -14.87 2.54 254.15 0.47 1.76 -19.77 2.27 92.31 0.00 0.00

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

Oct 05 Oct 04 Oct 03 Oct 02 Oct 01 1.2921 1.2921 1.2872 1.2823 1.2811 0.7739 0.7739 0.7769 0.7799 0.7806

Exchange rates (Quote Media, October 05, 2018) C$ to AUS C$ to EURO C$ to YEN C$ to Mex Peso C$ to SA Rand 1.0933 0.6720 88.1525 14.7979 11.4906 C$ to UK Pound C$ to China Yuan C$ to India Rupee C$ to Swiss Franc C$ to S. Korea Won 0.5942 5.3151 56.9845 0.7674 877.4524 US to AUS US to EURO US to YEN US to Mex Peso US to SA Rand 1.4127 0.8683 113.9030 19.1246 14.8483 US to UK Pound US to China Yuan US to India Rupee US to Swiss Franc US to S. Korea Won 0.7679 6.8689 74.2350 0.9916 1133.9000

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

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

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

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

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

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

GLOBAL MINING NEWS · SINCE 1915

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OCTOBER 15–28, 2018 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: OCTOBER 1–5, 2018 (100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

A 37 Capital 175 61 60 North Gold* O 156 60 North Gold 66 Resources 1 92 Resources V 255 O 221 92 Resources* Abacus Mng &Ex* O 352 173 Abacus Mng &Ex V Abcourt Mines V 955 O 1741 Abcourt Mines* Aben Res* O 604 Aben Res V 3237 O 12 Aberdeen Intl* Aberdeen Intl T 310 O 2 Abitibi Royalt* 23 Abitibi Royalt V O 455 AbraPlata Res* V 885 AbraPlata Res Abzu Gold* O 34 O 25 Acacia Mining* V 1441 Adamera Mnls O 1244 Adamera Mnls* Adex Mining V 101 Advance Gold V 178 O 16 Advanced Expl* V 467 Advantage Lith O 179 Advantage Lith* V 286 Adventus Zinc Aethon Mineral V 52 AEX Gold V 28 Affinity Gold* O 51 African Gold V 931 African Mnrls* O 15 Aftermath Slvr V 40 O 0 Aftermath Slvr* Agnico Eagle* N 8212 Agnico Eagle T 4694 AgriMinco* O 50 Aguia Resource V 677 Aida Minerals 909 AJN Resources 5 Alacer Gold T 1817 Alamos Gold T 2853 Alamos Gold* N 6750 0 Alaska Pac Egy* O O 3 Alba Minerals* Albert Mining V 414 O 16 Albert Mining* Alchemist Mng 3594 N 33366 Alcoa* Alderon Iron* O 26 Alderon Iron T 137 Aldershot Res V 1257 Aldershot Res* O 318 Aldever Res V 1 Aldever Res* O 0 Aldridge Min V 105 Aldridge Min* O 64 Alexandria Min V 2151 O 112 Alexandria Min* Alexco Res* X 709 Alexco Res T 235 Algold Res V 14 Alianza Min V 65 Alianza Min* O 13 Allegiant Gold V 220 O 256 Allegiant Gold* Alliance Mng V 628 Alliance Res* D 2342 T 94 Almaden Mnls X 765 Almaden Mnls* Almonty Ind T 143 14 Almonty Ind * O Alphamin Res V 205 50 Alphamin Res * O Altai Res V 3611 3 Altair Res Inc* O 52 Altair Res Inc V Altamira Gold V 151 O 20 Altamira Gold* 52 Altan Nev Mnls V 181 Altan Rio Mnls V Altiplano Mnls V 148 Altiplano Mnls* O 50 Altius Mnrls T 172 Alto Vent V 186 Altura Mng Ltd* O 178 Alturas Mnrls V 160 Altus Strat V 25 Alumina Inc* O 243 ALX Uranium V 1041 ALX Uranium* O 122 176 Am Creek Res V Am CuMo Mng V 343 86 Am CuMo Mng* O O 128 Am Manganese* V 303 Am Manganese V 87 AM Resources Am Sierra Gold* O 11 Amarc Res V 185 Amarc Res* O 29 Amarillo Gold V 80 O 98 Amarillo Gold* Amazing Energy* O 112 Amer Intl Vent* O 107 O 90 American Lith* American Lith V 690 O 49 American Pac* American Pac 537 T 380 Americas Silvr X 649 Americas Silvr* Amerigo Res T 129 Amerigo Res* O 63 Amex Expl V 63 Amseco Expl V 84 0 Amseco Expl * O T 343 Anaconda Mng O 55 Anaconda Mng* Anconia Res V 516 Andes Gold* O 0 O 408 Anfield Energy* V 1022 Anfield Energy Angel Gold* O 558 Angel Gold V 346 Angkor Gold V 166 O 446 Anglo American* 7 Anglo American* O 4 Anglo Pac Grp T AngloGold Ash* O 1 AngloGold Ash* N 12224 V 228 Antioquia Gold O 150 Antioquia Gold* Antler Gold V 42 Antofagasta* O 2 64 APAC Res Inc Apex Res V 59 Apogee Opport * O 135 Appia Energy 520 Appia Energy* O 216 O 379 Applied Mrnls* Aquila Res* O 313 Aquila Res T 180 N 1149 Arch Coal* Arco Res* O 292 Arctic Star* O 2 Arctic Star V 849 O 0 Arcturus Vent* Arcturus Vent V 9 Arcus Dev Grp V 220 Arena Mnls V 763 Arena Mnls* O 35 O 21 Argentina Lith* Argentina Lith V 412 Argentum Silvr V 476 T 1701 Argex Titanium O 330 Argex Titanium* Argo Gold 83 O 68 Argonaut Gold* Argonaut Gold T 2430 Arian Res* O 150 Arian Silver* O 2 V 175 Arianne Phosph O 31 Arianne Phosph* Arizona Silver* O 11 Arizona Silver V 141 Armor Mnrls V 57 O 1 Arrowstar Res*

0.25 0.18 0.21 unch 0.00 0.35 0.12 0.09 0.08 0.09 + 0.01 0.16 0.07 0.11 0.09 0.10 - 0.01 0.24 0.07 0.17 0.17 0.17 unch 0.00 0.27 0.14 0.05 0.05 0.05 unch 0.00 0.27 0.04 0.04 0.03 0.03 - 0.00 0.20 0.03 0.14 0.10 0.12 + 0.01 0.98 0.10 0.17 0.14 0.16 + 0.01 1.25 0.13 0.06 0.05 0.05 unch 0.00 0.08 0.05 0.04 0.04 0.04 - 0.00 0.06 0.03 0.20 0.15 0.20 + 0.04 0.38 0.08 0.27 0.20 0.25 + 0.05 0.49 0.11 0.06 0.06 0.06 - 0.00 0.16 0.06 0.09 0.08 0.08 - 0.01 0.21 0.08 7.60 0.00 7.48 - 0.12 8.14 6.00 9.75 9.41 9.69 - 0.20 10.45 7.41 0.08 0.05 0.07 + 0.01 0.42 0.05 0.10 0.00 0.09 + 0.01 0.52 0.06 0.17 0.17 0.17 unch 0.00 0.20 0.00 1.64 1.64 1.64 unch 0.00 2.77 1.43 0.07 0.05 0.05 - 0.02 0.20 0.04 0.05 0.04 0.04 - 0.00 0.17 0.03 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.15 0.12 0.13 - 0.02 0.60 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.71 0.66 0.69 - 0.01 1.42 0.51 0.56 0.51 0.53 - 0.01 1.14 0.40 1.14 1.01 1.06 - 0.04 1.16 0.51 0.37 0.35 0.37 + 0.02 0.85 0.35 0.53 0.33 0.33 - 0.20 0.71 0.34 0.02 0.01 0.01 - 0.00 0.04 0.01 0.03 0.02 0.03 unch 0.00 0.07 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.13 0.00 0.10 - 0.03 0.20 0.07 0.00 0.00 0.14 unch 0.00 0.14 0.00 36.15 34.00 35.09 + 0.89 49.80 32.18 46.38 43.54 45.45 + 1.33 62.80 42.35 0.00 0.00 0.00 - 0.00 0.01 0.00 0.14 0.12 0.14 - 0.01 0.50 0.10 0.04 0.04 0.04 unch 0.00 1.50 0.04 0.08 0.08 0.08 unch 0.00 0.20 0.08 2.27 2.00 2.27 + 0.27 2.97 1.96 6.23 5.82 5.99 + 0.06 9.12 5.35 4.87 4.54 4.62 + 0.01 7.30 4.06 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.05 0.05 unch 0.00 0.33 0.04 0.04 0.03 0.03 unch 0.00 0.10 0.03 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.06 0.05 0.06 unch 0.00 0.35 0.04 45.45 39.88 42.06 + 1.66 62.35 39.58 0.24 0.22 0.23 + 0.02 0.29 0.16 0.31 0.28 0.28 - 0.03 0.38 0.21 0.32 0.23 0.25 - 0.04 0.45 0.03 0.24 0.18 0.19 - 0.03 0.35 0.02 0.00 0.00 0.05 unch 0.00 0.21 0.04 0.03 0.00 0.03 - 0.01 0.14 0.03 0.08 0.07 0.08 + 0.01 0.20 0.05 0.05 0.05 0.05 unch 0.00 0.16 0.03 0.04 0.04 0.04 unch 0.00 0.12 0.03 0.03 0.02 0.03 unch 0.00 0.09 0.02 1.08 1.02 1.04 + 0.01 1.79 1.00 1.38 1.30 1.33 unch 0.00 2.18 1.30 0.50 0.00 0.47 - 0.08 1.90 0.46 0.07 0.06 0.06 - 0.02 0.15 0.05 0.05 0.04 0.04 - 0.01 0.10 0.04 0.44 0.34 0.36 - 0.05 0.75 0.33 0.35 0.26 0.27 - 0.04 0.58 0.00 0.03 0.02 0.03 + 0.01 0.06 0.01 20.99 20.31 20.86 + 0.46 21.90 15.55 0.83 0.73 0.75 - 0.08 1.56 0.73 0.65 0.55 0.60 - 0.03 1.24 0.55 0.82 0.77 0.80 - 0.01 0.98 0.35 0.63 0.62 0.62 + 0.00 0.73 0.29 0.26 0.24 0.24 - 0.01 0.44 0.22 0.19 0.19 0.19 unch 0.00 0.35 0.17 0.18 0.14 0.14 + 0.02 0.47 0.07 0.02 0.02 0.02 unch 0.00 0.10 0.02 0.08 0.00 0.08 + 0.06 0.60 0.07 0.11 0.09 0.10 unch 0.00 0.35 0.09 0.07 0.07 0.07 - 0.00 0.29 0.07 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.23 0.19 0.23 + 0.01 0.64 0.11 0.17 0.15 0.15 unch 0.00 0.46 0.15 13.12 12.34 12.80 + 0.18 15.58 11.50 0.03 0.03 0.03 + 0.01 0.13 0.03 0.19 0.16 0.19 + 0.02 0.40 0.14 0.01 0.01 0.01 - 0.01 0.06 0.01 0.06 0.00 0.06 - 0.01 0.15 0.05 8.70 7.67 8.47 + 0.45 8.97 6.56 0.08 0.07 0.07 unch 0.00 0.11 0.06 0.06 0.05 0.06 - 0.00 0.08 0.05 0.04 0.03 0.04 unch 0.00 0.07 0.03 0.07 0.07 0.07 - 0.01 0.13 0.06 0.06 0.04 0.04 - 0.01 0.10 0.05 0.14 0.12 0.12 - 0.01 0.28 0.10 0.19 0.16 0.16 unch 0.00 0.35 0.14 0.21 0.18 0.20 - 0.01 0.31 0.12 0.02 0.00 0.01 unch 0.00 0.04 0.01 0.07 0.06 0.07 unch 0.00 0.19 0.06 0.05 0.05 0.05 - 0.00 0.15 0.04 0.28 0.00 0.28 + 0.01 0.42 0.19 0.22 0.20 0.22 + 0.01 0.32 0.15 0.27 0.22 0.23 - 0.02 0.94 0.20 0.02 0.02 0.02 + 0.00 0.05 0.00 0.44 0.40 0.44 + 0.02 0.69 0.18 0.60 0.51 0.60 + 0.06 0.57 0.20 0.07 0.06 0.06 - 0.01 0.32 0.06 0.09 0.07 0.09 - 0.01 0.41 0.07 3.00 2.72 2.81 - 0.24 5.96 2.72 2.37 2.11 2.17 - 0.19 4.82 2.05 0.83 0.75 0.82 + 0.05 1.35 0.65 0.64 0.58 0.62 + 0.05 1.09 0.51 0.07 0.06 0.06 unch 0.00 0.22 0.06 0.19 0.13 0.14 + 0.04 0.29 0.01 0.00 0.00 0.13 unch 0.00 0.13 0.13 0.26 0.23 0.26 + 0.02 0.56 0.23 0.19 0.18 0.19 + 0.01 0.48 0.16 0.02 0.01 0.02 + 0.01 0.04 0.01 0.01 0.00 0.01 unch 0.00 0.01 0.00 0.34 0.24 0.30 + 0.06 0.45 0.15 0.44 0.31 0.40 + 0.06 0.59 0.19 0.02 0.02 0.02 - 0.00 0.08 0.01 0.03 0.03 0.03 unch 0.00 0.12 0.02 0.17 0.14 0.17 unch 0.00 0.27 0.14 11.44 10.84 10.91 - 0.27 13.13 9.00 22.75 0.00 21.59 - 0.80 26.05 18.01 2.99 2.50 2.50 - 0.40 4.75 1.31 8.08 8.08 8.08 unch 0.00 10.47 7.38 8.87 8.40 8.49 - 0.09 12.00 7.08 0.04 0.03 0.04 unch 0.00 0.10 0.03 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.14 0.14 0.14 unch 0.00 0.49 0.11 11.45 11.00 11.00 - 0.21 15.70 9.60 0.22 0.19 0.20 + 0.01 0.50 0.19 0.07 0.00 0.06 - 0.01 0.15 0.07 0.34 0.27 0.28 + 0.28 0.34 0.00 0.32 0.24 0.28 - 0.01 0.32 0.10 0.26 0.19 0.21 - 0.02 0.26 0.07 0.11 0.08 0.08 - 0.03 0.25 0.04 0.19 0.17 0.17 - 0.01 0.30 0.16 0.24 0.00 0.23 unch 0.00 0.39 0.21 94.90 89.66 91.39 + 1.99 102.61 68.95 0.71 0.61 0.65 - 0.03 1.39 0.62 0.07 0.07 0.07 unch 0.00 0.20 0.07 0.10 0.09 0.10 - 0.01 0.26 0.08 0.00 0.00 0.11 unch 0.00 0.11 0.10 0.11 0.10 0.10 - 0.01 0.20 0.07 0.03 0.03 0.03 - 0.01 0.19 0.03 0.09 0.00 0.08 - 0.02 0.11 0.06 0.07 0.07 0.07 - 0.00 0.09 0.04 0.04 0.04 0.04 - 0.01 0.48 0.04 0.07 0.05 0.06 - 0.01 0.60 0.05 0.18 0.17 0.18 + 0.01 0.33 0.15 0.04 0.03 0.04 unch 0.00 0.08 0.03 0.03 0.02 0.03 - 0.01 0.05 0.02 0.14 0.12 0.14 + 0.02 0.22 0.07 1.37 1.11 1.28 + 0.15 2.33 1.11 1.77 1.40 1.68 + 0.25 2.87 1.40 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.58 0.49 0.56 - 0.01 0.77 0.39 0.45 0.39 0.41 - 0.01 0.60 0.30 0.08 0.07 0.08 + 0.01 0.24 0.06 0.10 0.09 0.10 + 0.01 0.30 0.08 0.52 0.00 0.41 - 0.01 0.73 0.30 0.09 0.09 0.09 unch 0.00 0.09 0.01

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Asanko Gold T 658 Asanko Gold* X 1029 Asante Gold 132 1 Asbestos Corp V Ascot Res V 189 O 12 Ascot Res * Ashanti Gold V 826 V 280 Ashanti Sanko 6 Asian Minl Res V Aston Bay V 494 Aston Bay* O 16 Astorius Res V 170 Astur Gold V 100 ATAC Res V 404 O 3414 Atacama Res* Athabasca Mnls* O 32 V 433 Athabasca Mnls Athena Silver* O 0 Atico Mng* O 87 Atico Mng V 179 Atlanta Gold* O 5 Atlanta Gold V 68 Atlantic Gold V 1581 Atlantic Ind V 6 Atlatsa Res* O 46 Atlatsa Res T 60 40 Atom Energy * O Aton Res Inc* O 511 Aton Res Inc V 14417 Aura Mnls* O 30 Aura Mnls T 22 639 Aura Silver Rs V Auramex Res V 631 Aurania Res* O 42 Aurania Res V 55 Aurcana Corp* O 32 AurCrest Gold V 3 53 Aurion Res * O Aurion Res V 407 Aurora Royal V 44 O 1 AURYN Mining* Auryn Res T 390 Auryn Res* X 409 Austin Res V 75 Austral Gold* O 17 Austral Gold V 84 Australian Mns* O 43 Auxico Res 375 831 Avalon Adv Mat T Avalon Adv Mat* O 133 Avarone Metals 224 Avesoro Res T 34 Avidian Gold V 103 Avino Silver* X 2399 Avino Silver T 242 Avrupa Mnls V 2428 Avrupa Mnls* O 384 Awale Res V 144 Axmin Inc* O 11 Axmin Inc V 1044 V 213 Azarga Metals O 24 Azarga Metals* Azarga Uranium* O 1116 T 1941 Azarga Uranium Aziel Corp* O 0 Azimut Expl V 59 Azincourt Ener* O 12 V 1673 Azincourt Ener V 55 Aztec Minerals Aztec Minerals* O 76 Azteca Gold* O 31 Azucar Min V 231 Azucar Min* O 334

1.19 1.02 1.16 + 0.14 1.79 0.55 0.92 0.80 0.91 + 0.10 1.38 0.43 0.06 0.05 0.06 + 0.01 0.09 0.03 0.33 0.33 0.33 unch 0.00 0.90 0.21 0.93 0.82 0.83 - 0.08 1.76 0.78 0.73 0.63 0.63 - 0.08 1.39 0.60 0.08 0.07 0.08 + 0.01 0.34 0.06 0.04 0.04 0.04 unch 0.00 0.10 0.02 1.24 0.00 0.80 - 0.50 7.00 0.50 0.13 0.12 0.13 + 0.01 0.29 0.10 0.11 0.10 0.10 + 0.00 0.20 0.07 0.04 0.04 0.04 + 0.01 0.20 0.03 0.26 0.25 0.25 - 0.01 0.40 0.15 0.46 0.42 0.45 unch 0.00 0.74 0.42 0.00 0.00 0.00 - 0.00 0.01 0.00 0.27 0.21 0.27 + 0.06 0.25 0.09 0.34 0.27 0.34 + 0.06 0.35 0.12 0.00 0.00 0.04 unch 0.00 0.33 0.03 0.30 0.28 0.28 - 0.01 0.65 0.27 0.39 0.36 0.37 - 0.03 0.80 0.36 0.03 0.03 0.03 + 0.00 0.06 0.02 0.04 0.04 0.04 + 0.01 0.07 0.04 1.71 1.54 1.62 - 0.03 1.99 1.30 0.02 0.02 0.02 unch 0.00 0.09 0.01 0.04 0.02 0.03 + 0.00 0.04 0.01 0.05 0.04 0.05 + 0.01 0.06 0.02 0.33 0.11 0.33 + 0.22 0.26 0.00 0.08 0.06 0.06 + 0.02 0.08 0.02 0.11 0.07 0.08 + 0.03 0.11 0.02 1.57 1.55 1.55 unch 0.00 2.38 1.22 2.06 1.99 2.05 + 0.05 3.00 1.46 0.03 0.02 0.02 + 0.01 0.05 0.02 0.06 0.05 0.05 unch 0.00 0.10 0.03 2.16 1.66 2.12 + 0.39 6.06 1.03 2.79 2.13 2.76 + 0.53 7.57 1.51 0.18 0.00 0.18 + 0.01 0.23 0.00 0.00 0.00 0.03 unch 0.00 0.04 0.02 1.52 1.19 1.44 + 0.16 2.39 0.52 1.94 1.54 1.90 + 0.20 3.10 0.67 0.10 0.08 0.08 unch 0.00 0.24 0.03 1.30 1.10 1.30 unch 0.00 5.00 0.16 1.60 1.35 1.47 + 0.09 2.89 1.26 1.24 1.05 1.15 + 0.08 2.32 0.97 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.05 0.00 0.05 unch 0.00 0.13 0.04 0.08 0.07 0.08 unch 0.00 0.17 0.07 0.04 0.04 0.04 - 0.00 0.33 0.02 0.21 0.17 0.20 + 0.03 0.45 0.14 0.08 0.07 0.08 unch 0.00 0.16 0.07 0.06 0.05 0.06 + 0.00 0.13 0.05 0.05 0.04 0.05 + 0.01 0.14 0.02 2.89 2.62 2.84 + 0.14 5.99 2.50 0.60 0.55 0.55 - 0.05 0.70 0.20 0.71 0.61 0.65 + 0.03 1.62 0.56 0.91 0.79 0.85 + 0.05 2.04 0.74 0.06 0.05 0.05 - 0.02 0.13 0.05 0.05 0.03 0.04 - 0.00 0.10 0.03 0.13 0.12 0.13 + 0.03 0.48 0.08 0.17 0.16 0.17 - 0.01 0.19 0.02 0.22 0.20 0.21 - 0.03 0.24 0.03 0.14 0.12 0.14 + 0.01 0.16 0.10 0.10 0.00 0.09 - 0.00 0.16 0.05 0.23 0.20 0.22 + 0.03 0.22 0.14 0.29 0.26 0.29 + 0.03 0.34 0.18 0.00 0.00 0.70 unch 0.00 9.10 0.60 0.27 0.24 0.24 - 0.01 0.48 0.23 0.06 0.05 0.06 + 0.00 0.23 0.05 0.08 0.07 0.08 unch 0.00 0.37 0.06 0.17 0.15 0.15 - 0.02 0.38 0.15 0.13 0.10 0.10 - 0.03 0.30 0.12 0.00 0.00 0.00 - 0.00 0.00 0.00 0.57 0.43 0.53 + 0.07 1.75 0.43 0.45 0.32 0.41 + 0.06 1.44 0.32

B2Gold T 11153 15792 B2Gold* X Balmoral Res* O 176 Balmoral Res T 814 Balto Res V 241 Bankers Cobalt V 1144 O 172 Bankers Cobalt* O 737 Bannerman Res* Banyan Gold V 100 Bard Ventures* O 5 Bard Ventures V 643 Barker Mnrls V 71 Barkerville Go V 642 O 169 Barkerville Go* Barolo Vent* O 0 Baroyeca Go&Si* O 93 V 176 Baroyeca Go&Si Barrick Gold T 19535 Barrick Gold* N 87852 Barsele Min* O 19 Barsele Min V 211 Batero Gold V 445 Bayhorse Silvr* O 63 V 581 Bayhorse Silvr BC Moly V 2 BCM Res V 39 V 44 BE Res 141 Bear Creek Mng V Bearclaw Cap V 455 Bearing Lith V 104 Bearing Lith* O 52 Beaufield Res V 1953 Beaufield Res* O 208 Beeston Ent* O 346 Bell Copper* O 61 Belmont Res V 2936 Belo Sun Mng T 1812 O 1 Belvedere Res* BeMetals V 156 Benchmark Met V 1427 O 5 Benchmark Met* Benton Res V 807 Benz Mining V 1940 Berkeley Egy* O 13 75 Berkwood Res * O V 868 Berkwood Res Bitterroot Res V 387 O 415 Bitterroot Res* Black Dragon V 34 Black Dragon* O 22 Black Hills* N 3059 Black Iron* O 120 Black Iron T 444 230 Black Isle Res V 15 Black Mam Mtls* O 78 Black Mam Mtls V Black Sea Cop* O 9 37 Black Sea Cop V 239 Black Tusk Res Blackheath Res V 50 V 241 Blackrock Gold O 43 Blackrock Gold* Blind Crk Res V 21 BLOX Inc* O 4 Blue Moon Zinc V 2747 Blue Moon Zinc* O 133 Blue Rvr Res V 960 Blue Sky Uran* O 130 Blue Sky Uran V 1149 Bluenose Gold V 0 O 18 Bluestone Res* V 140 Bluestone Res Bold Vent V 541 O 5027 Bonanza Gldfds* BonTerra Res V 3342 O 211 BonTerra Res* Boreal Metals V 546 Borneo Res Inv* O 8414 Bravada Gold V 167 Bravada Gold* O 366 V 132 Braveheart Res O 10 Braveheart Res* Bravo Multinat* O 1 38593 Brazil Mnrls* O V 138 Brigadier Gold BrightRock Gld* O 73 O 0 Brilliant Sand* O 69 Britannia Mng* Brixton Mtls V 246 Brixton Mtls* O 67 O 26 Broadway Gold* V 969 Broadway Gold Brookmount Exp* O 416 V 50 Brunswick Res

3.24 2.92 3.16 + 0.22 4.06 2.77 2.52 2.27 2.44 + 0.14 3.30 2.10 0.13 0.11 0.12 - 0.00 0.48 0.10 0.17 0.15 0.16 + 0.01 0.59 0.14 0.12 0.09 0.12 + 0.04 0.38 0.05 0.07 0.06 0.06 - 0.01 0.85 0.06 0.06 0.04 0.04 - 0.02 0.68 0.03 0.05 0.00 0.04 - 0.00 0.06 0.03 0.05 0.00 0.05 unch 0.00 0.13 0.04 0.11 0.10 0.11 + 0.01 0.11 0.02 0.16 0.12 0.16 + 0.04 0.16 0.03 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.40 0.37 0.38 - 0.02 0.85 0.35 0.31 0.29 0.29 - 0.02 0.69 0.26 0.00 0.00 0.01 unch 0.00 0.01 0.00 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.01 15.14 14.18 14.84 + 0.55 21.03 12.54 11.80 11.06 11.47 + 0.39 16.84 9.53 0.62 0.55 0.55 - 0.03 0.68 0.42 0.90 0.69 0.69 - 0.15 1.03 0.52 0.07 0.07 0.07 unch 0.00 0.12 0.06 0.11 0.09 0.10 - 0.01 0.22 0.06 0.14 0.11 0.12 unch 0.00 0.27 0.09 0.06 0.00 0.06 unch 0.00 0.16 0.04 0.17 0.15 0.17 unch 0.00 0.26 0.08 0.05 0.05 0.05 unch 0.00 0.08 0.04 1.42 1.30 1.32 - 0.01 2.60 1.28 0.04 0.03 0.03 unch 0.00 0.06 0.03 0.27 0.25 0.25 - 0.02 1.02 0.24 0.22 0.19 0.21 - 0.00 0.80 0.02 0.13 0.11 0.13 + 0.02 0.18 0.06 0.10 0.08 0.10 + 0.02 0.14 0.04 0.01 0.01 0.01 - 0.00 0.04 0.00 0.05 0.04 0.04 - 0.01 0.16 0.03 0.08 0.06 0.07 - 0.02 0.10 0.02 0.23 0.21 0.22 - 0.01 0.56 0.17 0.00 0.00 0.00 unch 0.00 0.19 0.00 0.22 0.21 0.22 + 0.01 0.32 0.15 0.27 0.21 0.26 + 0.01 0.38 0.16 0.20 0.20 0.20 unch 0.00 0.24 0.06 0.05 0.05 0.05 - 0.01 0.09 0.05 0.08 0.05 0.08 unch 0.00 0.32 0.05 0.52 0.39 0.45 - 0.07 0.88 0.39 0.06 0.00 0.06 + 0.00 0.39 0.05 0.10 0.07 0.09 + 0.01 0.47 0.07 0.03 0.03 0.03 - 0.01 0.24 0.02 0.03 0.02 0.03 + 0.00 0.19 0.02 0.16 0.14 0.15 + 0.01 0.39 0.14 0.11 0.10 0.10 - 0.01 0.14 0.03 59.60 57.07 59.44 + 1.35 69.74 50.49 0.07 0.06 0.06 - 0.01 0.11 0.06 0.09 0.08 0.09 + 0.01 0.17 0.07 0.07 0.00 0.07 unch 0.00 0.07 0.03 0.06 0.05 0.06 unch 0.00 0.15 0.05 0.09 0.07 0.07 unch 0.00 0.25 0.06 0.04 0.00 0.03 - 0.00 0.13 0.03 0.05 0.05 0.05 unch 0.00 0.17 0.04 0.28 0.22 0.24 + 0.03 0.29 0.12 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.06 0.00 0.06 unch 0.00 0.16 0.05 0.04 0.04 0.04 - 0.00 0.12 0.04 0.07 0.05 0.07 + 0.02 0.38 0.05 0.14 0.14 0.14 unch 0.00 0.30 0.07 0.07 0.05 0.07 + 0.01 0.14 0.05 0.05 0.00 0.04 + 0.00 0.11 0.03 0.03 0.03 0.03 - 0.01 0.05 0.01 0.15 0.12 0.15 + 0.02 0.25 0.10 0.20 0.16 0.20 + 0.05 0.32 0.13 0.00 0.00 0.14 unch 0.00 0.17 0.00 1.03 1.00 1.01 - 0.00 1.35 0.86 1.34 1.30 1.30 unch 0.00 1.60 0.95 0.03 0.02 0.02 unch 0.00 0.05 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.40 0.35 0.40 + 0.06 0.72 0.30 0.31 0.27 0.30 + 0.03 0.57 0.23 0.13 0.10 0.10 - 0.03 0.40 0.10 0.00 0.00 0.00 + 0.00 0.00 0.00 0.07 0.06 0.06 - 0.01 0.17 0.06 0.06 0.05 0.05 - 0.01 0.14 0.05 0.09 0.08 0.09 + 0.02 0.12 0.04 0.05 0.05 0.05 unch 0.00 0.08 0.05 0.06 0.00 0.05 - 0.01 2.70 0.02 0.00 0.00 0.00 - 0.00 0.01 0.00 0.21 0.11 0.11 - 0.06 0.26 0.08 0.00 0.00 0.00 + 0.00 0.01 0.00 0.00 0.00 0.06 unch 0.00 0.12 0.01 0.00 0.00 0.00 - 0.00 0.01 0.00 0.19 0.16 0.18 + 0.01 0.49 0.16 0.15 0.12 0.12 - 0.01 0.39 0.12 0.10 0.08 0.10 + 0.01 0.43 0.07 0.14 0.12 0.13 + 0.01 0.54 0.10 0.01 0.01 0.01 - 0.00 0.04 0.00 0.03 0.03 0.03 unch 0.00 0.05 0.02

B

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Bryn Res* O 5 BTU Metals V 903 Buccaneer Gold V 55 Buenaventura* N 3696 Buffalo Coal V 0 Bullfrog Gold* O 211 Bullion Gld Res V 668 Bullman Mnls V 7 Bunker Hill 219 BWR Explor V 209

0.02 0.01 0.02 - 0.00 0.06 0.00 0.05 0.04 0.05 + 0.01 0.16 0.04 0.09 0.07 0.07 - 0.02 0.18 0.03 13.83 12.92 12.99 - 0.42 16.80 11.67 0.00 0.00 0.01 unch 0.00 0.03 0.01 0.08 0.06 0.07 - 0.01 0.17 0.05 0.24 0.19 0.22 - 0.01 0.47 0.19 0.09 0.09 0.09 unch 0.00 0.10 0.06 0.30 0.22 0.29 + 0.09 3.15 0.20 0.04 0.04 0.04 unch 0.00 0.10 0.03

Cabral Gold V 94 Cabral Gold* O 5 Cache Expl* O 2 Cache Expl V 2259 O 1 Cadence Min* Cadillac Vent V 16 X 63 Caledonia Mng* 22 Caledonia Mng T Calibre Mng V 2506 California Gld V 251 California Go* O 55 O 90 Callinex Mines* Callinex Mines V 59 Cameco Corp* N 17846 Cameco Corp T 9338 Cameo Cobalt* O 210 V 2939 Cameo Cobalt Camino Mnls* O 244 Camino Mnls V 238 Camrova Res V 47 O 4 Camrova Res* V 541 Canada Cobalt Canada Cobalt * O 137 Canada One* O 11 Canada One V 24 Canadian Mng* O 50 O 344 CanAlaska Uran* V 360 CanAlaska Uran Canamex Gold 164 Canamex Gold* O 43 Canarc Res T 1438 Canarc Res* O 61 Canasil Res V 334 O 8 Candelaria Mg* V 108 Candelaria Mg Candente Coppr T 110 O 46 Candente Gold* V 145 Candente Gold 20 CANEX Metals * O CANEX Metals V 44 CaNickel Mng V 34 O 40 CaNickel Mng* Canstar Res V 117 Canstar Res* O 0 Canterra Mnls V 409 0 Cantex Mn Dev* O Cantex Mn Dev V 25 Canuc Res V 104 Canuc Res* O 50 Capstone Mng T 2338 O 0 Caracara Silvr* Cardero Res V 563 Cardero Res* O 127 Cardinal Res* O 125 Cardinal Res T 313 Cariboo Rose V 300 Carlin Gold V 150 Carrara Explor 42930 Cartier Iron 15 Cartier Res V 1542 V 634 Carube Copper O 66 Carube Copper* Casa Minerals V 35 V 308 Cascadero Copp Cassius Vents V 248 146 Castle Peak Mg V Cautivo Mining 95 O 13 Cautivo Mining* Cda Carbon V 1095 Cda Carbon* O 85 39 Cda Rare Earth V 69 Cda Rare Earth* O Cdn Metals 479 V 124 Cdn Orebodies O 1 Cdn Orebodies* O 954 CellCube Enrgy* CellCube Enrgy 18129 Centamin T 155 O 12 Centaurus Diam* Centenera Mng* O 145 V 78 Centenera Mng Centerra Gold T 2263 Central Iron V 2474 V 1016 Centurion Mnls O 93 Century Cobalt* Century Global* O 4 T 5 Century Global Cerro Grande 15 Cerro Mng* O 0 Cerro Mng V 44 Ceylon Graph V 371 V 279 Chakana Copper Chakana Copper* O 130 61 Chalice Gold M* O 159 Chalice Gold M T Champion Bear V 90 O 20 Champion Bear* T 498 Champion Iron O 138 Champion Iron* Chantrell Vent V 25 V 86 Chatham Rock O 0 Chatham Rock* Chesapeake Gld* O 25 V 18 Chesapeake Gld Chevron Corp* N 24412 Chiboug Ind Mn V 428 Chimata Gold 181 648 China Gold Int T Cicada Vents V 30 CIM Intl Grp 36 Cipher Res V 170 Claim Post Res V 2104 Clarmin Explor V 2 Clean Comm V 616 Clean Comm* O 250 Cleghorn Mnls V 52 Cleveland-Clif* N 40051 Cliffmont Res V 8 Clifton Mng* O 49 Cloud Peak En* N 1894 V 6 Clydesdale Res CMC Metals* O 4 CMC Metals V 128 15 CMX Gold & Sil CNRP Mng 8838 CNRP Mng* O 8944 821 Cobalt 27 Cap V Cobalt Block V 255 Cobalt Block* O 197 Cobalt Pwr Grp* O 176 Cobalt Pwr Grp V 4309 12766 Coeur Mng* N Colibri Res* O 57 Colibri Res V 583 V 100 Colombia Crest Colombia Crest* O 1 Colonial Coal V 104 Colorado Res V 295 O 57 Colorado Res* Colt Res* O 200 T 155 Columbus Gold O 184 Columbus Gold* Comet Inds V 50 O 24 Commander Res* V 115 Commander Res Commerce Res* O 50 V 637 Commerce Res V 94 Compass Gold X 37394 Comstock Mng* Comstock Mtls V 595 Comstock Mtls * O 335 Condor Gold T 12 Condor Res V 106 Condor Res* O 39 O 6 Confedertn Ml* Confedertn Mls V 70

0.29 0.27 0.27 - 0.02 0.50 0.20 0.25 0.25 0.25 unch 0.00 0.32 0.17 0.04 0.04 0.04 unch 0.00 0.08 0.02 0.05 0.04 0.04 unch 0.00 0.11 0.04 1.85 1.80 1.80 - 0.05 2.22 1.07 0.03 0.03 0.03 + 0.01 0.06 0.03 6.96 6.30 6.60 - 0.22 9.94 5.17 8.79 8.10 8.38 - 0.40 12.50 6.70 0.06 0.04 0.04 - 0.02 0.15 0.05 0.30 0.26 0.26 - 0.02 0.53 0.19 0.24 0.21 0.21 - 0.04 0.40 0.15 0.12 0.10 0.10 - 0.00 0.37 0.09 0.15 0.14 0.14 - 0.01 0.45 0.12 12.38 11.17 12.08 + 0.68 12.34 7.68 16.00 14.30 15.66 + 0.93 15.95 9.90 0.22 0.15 0.16 - 0.04 0.99 0.14 0.28 0.19 0.20 - 0.06 0.45 0.10 0.15 0.13 0.15 + 0.01 0.45 0.09 0.20 0.16 0.20 + 0.03 0.60 0.11 0.09 0.08 0.08 + 0.01 0.16 0.06 0.06 0.06 0.06 + 0.00 0.15 0.00 0.51 0.44 0.48 - 0.03 0.90 0.15 0.39 0.35 0.36 - 0.03 0.79 0.01 0.07 0.06 0.06 - 0.00 0.32 0.05 0.09 0.09 0.09 unch 0.00 0.52 0.07 1.60 1.38 1.39 - 0.08 1.60 0.20 0.29 0.26 0.28 + 0.02 0.37 0.21 0.38 0.33 0.37 + 0.04 0.45 0.26 0.10 0.08 0.08 - 0.01 0.17 0.06 0.08 0.06 0.07 + 0.01 0.22 0.06 0.04 0.04 0.04 unch 0.00 0.11 0.03 0.03 0.00 0.03 - 0.00 0.08 0.02 0.09 0.08 0.08 - 0.01 0.19 0.07 0.29 0.27 0.27 unch 0.00 0.71 0.06 0.41 0.33 0.33 - 0.03 0.99 0.23 0.07 0.07 0.07 unch 0.00 0.21 0.06 0.03 0.02 0.03 + 0.01 0.04 0.00 0.03 0.03 0.03 + 0.01 0.06 0.02 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.05 0.05 0.05 + 0.01 0.08 0.03 0.11 0.00 0.10 - 0.01 0.24 0.10 0.08 0.07 0.08 + 0.01 0.18 0.07 0.19 0.16 0.16 - 0.04 0.40 0.16 0.00 0.00 0.18 unch 0.00 0.19 0.16 0.04 0.03 0.04 + 0.02 0.05 0.02 0.00 0.00 0.13 unch 0.00 0.24 0.01 0.22 0.21 0.22 + 0.02 0.35 0.15 0.11 0.09 0.11 + 0.01 0.44 0.09 0.07 0.07 0.07 - 0.02 0.35 0.07 0.80 0.74 0.75 - 0.04 1.62 0.75 0.12 0.12 0.12 unch 0.00 0.14 0.06 0.13 0.09 0.11 - 0.02 0.22 0.09 0.09 0.06 0.08 - 0.01 0.17 0.06 0.36 0.36 0.36 unch 0.00 0.44 0.30 0.43 0.41 0.41 - 0.02 1.05 0.37 0.03 0.00 0.03 + 0.01 0.12 0.02 0.02 0.02 0.02 - 0.01 0.08 0.02 0.17 0.12 0.14 unch 0.00 0.17 0.03 0.09 0.09 0.09 unch 0.00 0.25 0.07 0.13 0.12 0.13 + 0.01 0.27 0.12 0.06 0.06 0.06 - 0.01 0.10 0.05 0.05 0.05 0.05 - 0.01 0.07 0.03 0.16 0.15 0.16 + 0.01 0.22 0.07 0.04 0.04 0.04 unch 0.00 0.16 0.04 0.06 0.06 0.06 unch 0.00 0.08 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.21 0.00 0.17 - 0.04 0.70 0.15 0.16 0.16 0.16 unch 0.00 0.43 0.15 0.14 0.11 0.14 + 0.03 0.17 0.04 0.11 0.08 0.10 + 0.01 0.13 0.04 0.08 0.06 0.07 - 0.01 0.10 0.03 0.05 0.05 0.05 + 0.00 0.08 0.02 0.09 0.08 0.08 unch 0.00 0.20 0.06 0.27 0.00 0.25 - 0.02 0.39 0.14 0.17 0.17 0.17 unch 0.00 0.27 0.14 0.20 0.12 0.18 + 0.05 0.60 0.11 0.25 0.15 0.24 + 0.07 0.76 0.14 1.83 1.51 1.62 - 0.18 2.96 1.40 0.16 0.09 0.09 - 0.07 0.20 0.04 0.05 0.05 0.05 - 0.00 0.21 0.01 0.09 0.06 0.08 + 0.01 0.25 0.06 5.42 5.13 5.15 unch 0.00 9.35 4.99 0.05 0.03 0.04 + 0.01 0.07 0.01 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.16 0.11 0.15 - 0.01 0.20 0.01 0.15 0.15 0.15 unch 0.00 0.24 0.13 0.20 0.20 0.20 unch 0.00 0.29 0.13 0.01 0.00 0.01 - 0.01 0.03 0.01 0.00 0.00 0.12 unch 0.00 0.13 0.12 0.21 0.21 0.21 unch 0.00 0.22 0.04 0.20 0.18 0.18 + 0.01 0.26 0.14 0.51 0.47 0.51 + 0.06 1.05 0.38 0.40 0.36 0.39 + 0.03 0.79 0.31 0.11 0.11 0.11 + 0.00 0.20 0.10 0.15 0.14 0.15 unch 0.00 0.24 0.13 0.19 0.16 0.18 + 0.02 0.23 0.10 0.15 0.15 0.15 + 0.00 0.18 0.10 1.24 1.15 1.18 - 0.04 1.59 0.99 0.97 0.92 0.93 - 0.01 1.22 0.79 0.07 0.07 0.07 unch 0.00 0.12 0.05 0.19 0.17 0.19 + 0.03 0.54 0.14 0.00 0.00 0.19 unch 0.00 0.40 0.19 1.61 1.47 1.59 + 0.04 3.13 1.29 2.07 1.88 2.05 + 0.05 3.90 1.75 125.90 123.11 125.33 + 3.05 133.88 108.90 0.05 0.05 0.05 - 0.01 0.08 0.05 0.11 0.00 0.11 + 0.01 0.15 0.06 1.93 1.83 1.92 + 0.06 3.19 1.75 0.01 0.00 0.01 unch 0.00 0.03 0.01 0.24 0.23 0.23 unch 0.00 0.35 0.08 0.09 0.09 0.09 unch 0.00 0.30 0.07 0.15 0.10 0.14 + 0.01 0.27 0.03 0.11 0.00 0.11 unch 0.00 0.50 0.10 0.04 0.03 0.03 - 0.01 0.21 0.03 0.03 0.03 0.03 unch 0.00 0.16 0.02 0.09 0.09 0.09 unch 0.00 0.14 0.05 12.94 11.91 12.36 - 0.30 13.10 5.60 0.22 0.00 0.22 unch 0.00 0.90 0.15 0.07 0.07 0.07 - 0.00 0.11 0.05 2.55 2.27 2.44 + 0.14 5.70 2.14 0.03 0.03 0.03 unch 0.00 0.15 0.02 0.04 0.00 0.04 + 0.03 0.08 0.01 0.07 0.00 0.06 - 0.01 0.25 0.04 0.08 0.08 0.08 unch 0.00 0.12 0.04 1.83 1.29 1.48 + 0.05 1.83 0.34 1.43 1.00 1.15 + 0.05 1.98 0.21 6.42 5.59 5.72 - 0.70 14.00 4.86 0.19 0.14 0.17 + 0.02 0.40 0.01 0.15 0.11 0.13 + 0.01 0.32 0.02 0.06 0.05 0.05 - 0.01 0.29 0.03 0.08 0.06 0.06 - 0.02 0.35 0.04 5.75 5.25 5.47 + 0.14 9.84 5.04 0.01 0.01 0.01 unch 0.00 0.11 0.01 0.03 0.03 0.03 unch 0.00 0.15 0.03 0.07 0.06 0.06 unch 0.00 0.40 0.05 0.04 0.04 0.04 unch 0.00 0.10 0.00 0.28 0.26 0.28 + 0.02 0.44 0.08 0.08 0.08 0.08 + 0.01 0.31 0.07 0.06 0.00 0.05 unch 0.00 0.24 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.26 0.24 0.24 - 0.02 0.92 0.18 0.20 0.18 0.19 - 0.01 0.73 0.14 3.20 3.20 3.20 unch 0.00 3.60 2.75 0.11 0.11 0.11 unch 0.00 0.16 0.00 0.14 0.13 0.14 - 0.01 0.25 0.13 0.06 0.00 0.06 + 0.00 0.08 0.04 0.07 0.07 0.07 + 0.01 0.10 0.06 0.40 0.34 0.35 - 0.05 0.80 0.34 0.32 0.12 0.21 + 0.07 0.94 0.12 0.04 0.03 0.04 + 0.01 0.13 0.03 0.03 0.02 0.03 + 0.01 0.10 0.02 0.80 0.61 0.68 + 0.10 1.75 0.47 0.08 0.06 0.08 unch 0.00 0.14 0.05 0.05 0.04 0.05 - 0.00 0.10 0.04 0.18 0.00 0.18 - 0.02 0.57 0.18 0.23 0.21 0.23 + 0.02 0.77 0.20

C

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Conquest Res V 510 V 472 Cons Woodjam CONSOL Coal Rs* N 262 N 15078 CONSOL Energy* N 2228 CONSOL Energy* V 101 Constantine Mt O 47 Constantine Mt* O 89 Contact Gold* Contact Gold V 241 O 98 Contact Mnrls* Contintl Gold* O 322 Contintl Gold T 1668 Contintl Prec* O 3 Contintl Prec V 3 369 Copper Fox Mtl V 19 Copper Fox Mtl* O 264 Copper Lake Rs V Copper Mtn Mng T 1406 39 Copper Mtn Mng* O 6 Copper North M* O 377 Copper North M V Copper One V 413 Copper One * O 110 695 Copper Reef Mg Copperbank Res 1464 O 986 Copperbank Res* 31 Coral Gold * O Coral Gold V 173 Cordoba Mnls V 841 O 130 Cordoba Mnls* Core Gold V 280 Core Gold* O 331 Core Lithium* O 1 V 1814 Cornerstone Ca O 237 Cornerstone Ca* Coro Mining T 5347 Corsa Coal V 54 13 Corsa Coal * O Corvus Gold* O 39 Corvus Gold T 442 CR Capital V 114 4 Crazy Horse Res* O Critical Elem V 244 Critical Elem* O 11 V 17 CROPS O 148 Crown Mining* Crown Mining V 161 Cruz Cobalt V 298 Cruz Cobalt* O 93 Crystal Lake V 167 Crystal Lake* O 10 Crystal Peak* O 121 Crystal Peak V 212 O 0 CTGX Mining* 63 Currie Rose Rs V 3 CWN M’g Acq V O 1 Cyclone Uran* Cypress Dev* O 262 Cypress Dev V 770

0.01 unch 0.00 0.10 0.03 0.03 0.03 0.03 0.04 0.03 0.03 - 0.02 0.07 19.25 17.93 19.15 + 1.20 19.25 12.56 11.69 14.49 13.87 14.04 - 0.27 18.37 19.51 41.86 38.55 39.74 - 1.07 48.12 0.50 0.60 0.55 0.55 - 0.02 1.16 0.12 0.48 0.42 0.42 - 0.02 0.65 0.20 0.34 0.31 0.31 - 0.02 0.38 0.27 0.43 0.38 0.40 - 0.02 0.74 0.06 unch 0.00 0.45 0.20 0.18 0.20 1.90 2.10 1.90 2.02 - 0.00 3.22 2.45 2.71 2.45 2.61 - 0.02 4.13 0.21 unch 0.00 0.34 0.25 0.25 0.25 0.26 unch 0.00 0.46 0.33 0.33 0.33 0.10 0.09 0.10 unch 0.00 0.18 0.09 0.07 0.07 0.07 - 0.01 0.13 0.07 0.03 0.00 0.03 - 0.01 0.10 0.02 1.22 1.12 1.15 - 0.03 1.85 0.98 0.95 0.89 0.89 - 0.02 1.47 0.75 0.05 0.00 0.05 + 0.01 0.07 0.02 0.06 0.05 0.05 unch 0.00 0.11 0.04 0.04 0.13 0.12 0.12 - 0.03 0.22 0.10 0.09 0.09 - 0.01 0.18 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.04 0.07 0.06 0.06 - 0.01 0.14 0.03 0.05 0.00 0.04 + 0.00 0.11 0.28 0.26 0.27 + 0.01 0.35 0.16 0.32 0.37 0.34 0.37 + 0.02 0.43 0.15 0.11 0.15 + 0.03 0.62 0.10 0.08 0.14 0.09 0.11 + 0.03 0.49 0.22 0.29 0.26 0.29 + 0.03 0.38 0.18 0.23 0.19 0.23 + 0.04 0.34 0.10 unch 0.00 2.19 0.25 0.25 0.25 0.14 0.28 0.24 0.28 + 0.02 0.40 0.11 0.21 0.19 0.20 + 0.01 0.32 0.05 unch 0.00 0.16 0.07 0.06 0.06 1.01 1.39 1.17 1.20 - 0.20 2.30 1.10 0.90 0.90 - 0.12 2.25 0.69 0.72 2.64 2.40 2.54 + 0.11 2.64 0.90 3.39 3.07 3.28 + 0.10 3.39 0.02 0.04 0.04 0.04 + 0.01 0.15 0.09 0.09 0.09 - 0.00 0.18 0.09 0.65 unch 0.00 1.86 0.81 0.77 0.79 0.51 0.63 0.00 0.61 + 0.00 1.48 0.03 0.04 0.00 0.04 + 0.01 0.14 0.07 unch 0.00 0.21 0.07 0.07 0.07 0.07 0.09 0.07 0.08 - 0.01 0.28 0.08 unch 0.00 0.41 0.10 0.09 0.09 0.06 0.08 0.07 0.07 + 0.01 0.35 0.20 0.50 0.45 0.50 + 0.06 1.12 0.15 unch 0.00 0.84 0.35 0.35 0.35 0.20 0.25 0.18 0.19 - 0.04 0.46 0.24 0.30 0.21 0.21 - 0.07 0.58 0.10 unch 0.00 0.25 0.00 0.00 0.25 0.12 0.09 0.11 - 0.01 0.20 0.04 0.00 0.00 0.04 unch 0.00 0.25 0.04 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.10 0.22 0.18 0.19 - 0.03 0.34 0.12 0.28 0.23 0.23 - 0.04 0.43

Dajin Res V 579 Dajin Res* O 513 Dakota Ter Res* O 145 Daleco Res* O 750 Danakali* O 253 Debut Dmds 167 Decade Res V 675 Declan Cobalt 74 O 0 Deep-South Res* V 250 Deep-South Res Defiance Silvr V 67 O 75 Defiance Silvr* Delrand Res V 107 T 3072 Denison Mines X 4822 Denison Mines* Desert Gold V 124 Desert Lion* O 3 Desert Lion V 294 240 Desert Mtn Egy V Desert Mtn Egy* O 103 Detour Gold T 2465 O 61 Diamante Min* O 4 Diamcor Mng* Diamcor Mng V 321 O 255 Diamond Disc* V 32 Diamond Fields O 50 Diamond Fields* Dios Expl V 463 O 1478 Discovery Gold* V 44 Discovery Harb V 69 Discovery Met 27778 O Discovery Mnls* V 31 Discovery-Corp District Cop V 439 District Cop* O 3 Ditem Explor* O 0 O 110 Diversified Rs* DNI Metals 302 DNI Metals* O 138 Dolat Ventures* O 229 Dolly Vard Sil* O 115 196 Dolly Vard Sil V O 35 Doubleview Cap* V 452 Doubleview Cap DRDGOLD* N 99 63 Duncan Park H V Dundee Prec Mt T 1000 O 25 Dunnedin Vent* Durango Res V 638 Durango Res* O 273 DV Resources V 73 132 Dynacor Gld Mn T 39 Dynacor Gld Mn* O O 1 Dynamic Gold* O 2 DynaResource* Dynasty Gold V 20 O 3 Dynasty Gold* E3 Metals V 178 E3 Metals* O 2 V 78 Eagle Graphite O 54 Eagle Graphite* Eagle Plains V 129 423 V East Africa 6 East Africa * O East Asia Mnls* O 277 453 East Asia Mnls V EastCoal Inc V 31 O 1 Eastern Platin* Eastern Platin T 17 Eastern Zinc 5 Eastfield Res V 310 O 89 Eastmain Res* Eastmain Res T 510 17 Eco Oro Mnls 50 Eco Oro Mnls* O eCobalt Solns T 712 O 455 eCobalt Solns* V 5 Edgewater Expl O 30 Edison Cobalt* Edison Cobalt V 429 El Capitan Prc* O 265 16 El Nino Vent* O 84 El Nino Vent V Elcora Res V 81 Elcora Res* O 60 31618 N Eldorado Gold* T 4986 Eldorado Gold O 0 Electra Stone* Eloro Res* O 7 Eloro Res V 25 234 Ely Gold Royal V Ely Gold Royal* O 224 Elysee Dev * O 119 Elysee Dev V 88 Emerita Res V 336 Emgold Mng* O 1 Emgold Mng V 58 Empire Rock V 0 EMX Royalty* X 884 EMX Royalty V 379 O 58 Encanto Potash* V 804 Encanto Potash V 2150 EnCore Energy T 919 Endeavour Mng O 9 Endeavour Mng* N 2915 Endeavr Silver* T 790 Endeavr Silver O 25 Endurance Gold*

0.09 0.10 0.09 0.09 - 0.01 0.22 0.06 0.08 0.07 0.07 - 0.01 0.17 0.05 0.03 0.04 + 0.01 0.10 0.03 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.44 0.62 0.58 0.59 - 0.04 0.69 0.01 unch 0.00 0.03 0.01 0.00 0.01 0.05 0.01 0.16 0.07 0.06 0.06 - 0.29 unch 0.00 0.38 0.30 0.00 0.30 0.14 unch 0.00 0.30 0.00 0.00 0.18 0.06 0.12 0.12 0.12 + 0.01 0.45 0.22 0.28 0.24 0.27 + 0.02 0.44 0.17 0.22 0.18 0.20 + 0.02 0.35 0.38 0.57 0.51 0.56 + 0.01 2.44 0.50 unch 0.00 0.89 0.88 0.80 0.85 0.38 unch 0.00 0.69 0.69 0.62 0.67 0.14 unch 0.00 0.30 0.17 0.16 0.16 0.07 unch 0.00 1.07 0.07 0.07 0.07 0.07 0.08 0.07 0.08 + 0.01 2.35 0.19 0.15 0.18 + 0.01 0.25 0.06 0.14 0.11 0.14 + 0.01 0.20 0.01 11.19 10.27 10.60 + 0.16 15.40 9.11 0.02 0.18 0.13 0.17 + 0.02 0.24 0.20 0.28 0.26 0.28 + 0.02 0.46 0.28 0.50 0.31 0.32 - 0.03 0.59 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.07 0.09 0.07 0.09 + 0.03 0.15 0.05 0.07 0.05 0.07 + 0.02 0.11 0.05 0.06 0.05 0.06 - 0.01 0.19 0.00 0.00 0.00 0.00 - 0.00 0.01 0.05 unch 0.00 0.08 0.06 0.00 0.06 0.27 unch 0.00 0.85 0.30 0.00 0.30 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.01 unch 0.00 0.04 0.01 0.01 0.01 0.04 0.05 0.04 0.04 - 0.01 0.21 0.03 0.03 0.03 0.03 - 0.01 0.16 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.01 0.02 + 0.00 0.14 0.05 0.07 0.06 0.06 - 0.01 0.15 0.04 0.06 0.05 0.06 - 0.00 0.12 0.41 0.30 0.35 - 0.05 15.80 0.24 0.36 0.28 0.29 - 0.03 0.84 0.28 0.44 0.36 0.39 - 0.03 1.04 0.37 0.04 0.08 0.08 0.08 + 0.00 0.09 0.05 unch 0.00 0.13 0.12 0.11 0.11 1.76 2.51 2.35 2.49 + 0.07 4.00 0.01 0.01 0.01 unch 0.00 0.02 0.01 3.37 2.97 3.24 + 0.20 3.60 2.34 0.10 unch 0.00 0.26 0.10 0.10 0.10 0.04 unch 0.00 0.11 0.07 0.06 0.06 0.04 0.05 0.04 0.05 + 0.01 0.08 0.10 0.15 0.14 0.15 + 0.02 0.50 1.60 1.53 1.55 - 0.03 2.26 1.47 1.25 1.19 1.19 - 0.06 1.85 1.03 0.75 unch 0.00 3.00 1.95 1.95 1.95 1.00 1.15 0.00 1.14 - 0.01 1.40 0.10 0.16 0.13 0.15 - 0.01 0.27 0.07 0.12 0.10 0.11 - 0.01 0.22 0.32 0.44 0.39 0.39 - 0.03 1.01 0.25 unch 0.00 0.77 0.30 0.30 0.30 0.12 0.16 0.13 0.15 - 0.01 0.36 0.01 0.12 0.11 0.11 - 0.01 0.18 0.09 0.10 0.09 0.10 + 0.01 0.29 0.20 0.17 0.20 + 0.01 0.37 0.14 0.18 0.18 0.18 unch 0.00 0.28 0.10 0.08 0.06 0.07 - 0.00 0.09 0.02 0.09 0.08 0.08 - 0.02 0.14 0.03 0.09 0.12 0.11 0.11 - 0.01 0.30 0.17 0.18 0.18 0.18 + 0.01 0.37 0.24 0.25 0.00 0.25 + 0.01 0.50 0.20 unch 0.00 0.46 0.30 0.30 0.30 0.03 0.05 0.00 0.05 - 0.01 0.06 0.12 0.14 0.12 0.13 - 0.01 0.29 0.16 0.18 0.16 0.17 - 0.01 0.36 0.20 0.19 0.20 + 0.01 0.45 0.15 0.14 0.14 0.14 unch 0.00 0.34 0.12 0.54 0.85 0.76 0.76 - 0.07 2.10 0.41 0.67 0.59 0.59 - 0.04 1.74 0.12 unch 0.00 0.19 0.14 0.14 0.14 0.05 0.07 0.05 0.06 - 0.01 0.24 0.06 0.09 0.07 0.08 - 0.01 0.36 0.02 0.01 0.02 - 0.00 0.05 0.01 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.05 0.04 0.05 + 0.01 0.08 0.02 0.13 unch 0.00 0.56 0.20 0.17 0.18 0.12 0.16 0.13 0.16 + 0.02 0.44 0.80 0.98 0.86 0.88 - 0.00 2.35 1.03 1.25 1.11 1.14 + 0.01 2.89 0.01 unch 0.00 0.03 0.00 0.00 0.01 0.29 unch 0.00 0.96 0.35 0.34 0.35 0.35 0.44 0.38 0.38 - 0.07 1.27 0.10 0.09 0.10 unch 0.00 0.15 0.09 0.08 0.07 0.07 - 0.00 0.12 0.07 0.31 0.00 0.29 + 0.01 0.31 0.20 0.26 0.39 0.37 0.39 + 0.02 0.39 0.03 0.04 0.03 0.04 + 0.01 0.17 0.09 unch 0.00 0.21 0.09 0.00 0.09 0.11 0.17 0.00 0.13 - 0.02 0.25 0.11 unch 0.00 0.30 0.00 0.00 0.12 0.67 1.41 1.17 1.33 + 0.11 1.47 0.85 1.80 1.55 1.78 + 0.20 1.80 0.02 0.17 0.13 0.16 + 0.03 0.22 0.18 0.25 0.18 0.21 + 0.04 0.70 0.04 0.13 0.10 0.10 - 0.03 0.14 18.09 21.30 19.62 20.18 + 0.02 26.86 13.87 16.48 15.49 15.53 + 0.17 21.72 1.94 2.40 2.23 2.29 - 0.02 3.35 2.50 unch 0.00 4.40 3.09 2.86 2.97 0.04 0.00 0.06 unch 0.04 0.04 0.04

D-F

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / OCTOBER 15–28, 2018

Week

12-month

Exc Volume High Low Last Change High Low

Endurance Gold V 60 Energy Fuels* X 7770 Energy Fuels T 1647 O 155 Enforcer Gold* 10351 Enforcer Gold V V 76 Engineer Gold Engold Mines V 355 O 150 Engold Mines* Ensurge* O 12 Entree Res* X 546 Entree Res T 395 O 0 ePower Metals* ePower Metals V 1009 Equinox Gold V 1739 Equitorial Ex V 632 Equitorial Ex* O 77 Erdene Res Dev* O 50 175 Erdene Res Dev T Erin Ventures* O 13 Erin Ventures V 85 Ero Copper T 1073 Ero Copper* O 13 Eros Res Corp* O 126 127 Eros Res Corp V 127 Eros Res Corp V Eskay Mng V 108 Ethos Gold V 233 Ethos Gold* O 63 V 3312 Euro Manganese Euro Sun Mg T 122 7 Euro Sun Mg* O O 489 EurOmax Res* EurOmax Res T 297 O 114 European Elect* V 711 European Elect European Metal* O 136 V 80 Eurotin Everton Res* O 100 Everton Res V 857 EVI Global Grp 1068 Evrim Res V 524 Excellon Res* O 266 Excellon Res T 437 O 368 Excelsior Mng* Excelsior Mng T 990 160 ExGen Res Inc V Explor Res* O 320 Explor Res V 3615 Explorex Res* O 140 Explorex Res 132 Fabled Copper V 24 Fairmont Res V 604 Fairmont Res* O 8 Falco Res V 1042 55 Falco Res * O Falcon Gold V 331 Fancamp Expl V 200 Far Res 2277 Far Res* O 89 Fengro Industr* O 50 V 49 Fengro Industr 71 Filo Mg Corp V Finlay Minrls V 1 Fiore Gold* O 61 Fiore Gold V 241 0 Fire River Gol* O Firebird Res V 53 Firesteel Res V 102 Firesteel Res* O 7 Firestone Vent V 111 Fireweed Zinc V 419 O 28 Fireweed Zinc* Firma Holdings* O 17 First Bauxite V 146 First Cobalt * O 847 First Cobalt V 1695 First Colombia* O 14067 First Energy* O 20 First Energy V 13 First Legacy V 130 N 9724 First Majestic* First Majestic T 2551 First Mexican V 438 T 1491 First Mg Fin First Mg Fin * O 716 First Point* O 2 First Quantum T 15834 V 2431 First Vanadium O 360 First Vanadium* Fission 3.0 V 364 Fission 3.0* O 65 Fission Uran* O 1495 Fission Uran T 3252 90 Five Star Diam V 5 Five Star Diam* O Fjordland Exp* O 64 Fjordland Exp V 228 40 Flowery Gold* O O 245 Focus Graphite* Focus Graphite V 2585 Foran Mng V 88 Forsys Metals T 836 Fort St J Nick V 112 O 19 Fortescue Met* Fortuna Silvr T 1625 Fortuna Silvr* N 3182 Fortune Bay V 22 Fortune Bay* O 3 O 262 Fortune Mnrls* Fortune Mnrls T 1973 Forum Energy V 1189 O 125 Forum Energy* Four Nines 423 212 Fox River Res 30 Fox River Res* O FPX Nickel V 49 N 3082 Franco-Nevada* Franco-Nevada T 2893 Franklin Mng* O 0 Freedom Egy V 0 Freegold Vent T 552 N 93581 Freeport McMoR* Fremont Gold* O 1 Fremont Gold V 326 11 Fresnillo plc* O Frontier Lith V 600 Frontline Gold V 564 0 Full Metal Mnl* O Fura Gems V 114 Fura Gems* O 18 Fusion Gold V 21

0.05 0.05 0.05 unch 0.00 0.09 0.04 3.60 3.19 3.34 + 0.06 3.64 1.30 4.63 4.10 4.30 + 0.08 4.65 1.66 0.03 0.02 0.03 + 0.00 0.08 0.02 0.05 0.03 0.04 + 0.01 0.12 0.03 0.09 0.09 0.09 unch 0.00 0.12 0.08 0.13 0.12 0.12 - 0.02 0.28 0.09 0.10 0.10 0.10 unch 0.00 0.21 0.08 0.06 0.05 0.05 - 0.01 0.09 0.02 0.38 0.36 0.38 - 0.00 0.69 0.33 0.49 0.47 0.48 unch 0.00 0.85 0.42 0.15 0.15 0.15 unch 0.00 0.55 0.12 0.21 0.00 0.21 + 0.04 0.75 0.08 0.99 0.95 0.98 + 0.02 1.39 0.88 0.04 0.04 0.04 unch 0.00 0.15 0.04 0.03 0.03 0.03 + 0.01 0.11 0.03 0.24 0.00 0.23 - 0.00 0.63 0.21 0.32 0.29 0.30 + 0.01 0.79 0.28 0.10 0.00 0.10 - 0.01 0.23 0.06 0.14 0.13 0.14 - 0.01 0.33 0.08 12.35 11.25 11.43 - 0.77 12.35 4.70 9.17 8.94 9.17 + 0.15 9.17 3.88 0.08 0.07 0.08 - 0.00 0.18 0.07 0.10 0.09 0.10 + 0.01 0.23 0.09 0.10 0.09 0.10 + 0.01 0.23 0.09 0.23 0.21 0.22 - 0.01 0.51 0.18 0.15 0.12 0.15 + 0.03 0.28 0.12 0.12 0.09 0.12 + 0.03 0.23 0.09 0.25 0.21 0.23 + 0.02 0.25 0.21 0.69 0.57 0.60 - 0.10 1.82 0.57 0.53 0.45 0.45 - 0.07 1.40 0.48 0.12 0.07 0.12 + 0.01 0.28 0.01 0.19 0.10 0.15 unch 0.00 0.37 0.02 0.15 0.12 0.15 + 0.02 0.79 0.09 0.19 0.15 0.18 + 0.04 0.93 0.12 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.05 0.00 0.05 unch 0.00 0.13 0.01 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.70 0.57 0.66 + 0.08 0.69 0.03 1.50 1.31 1.49 + 0.07 1.70 0.20 0.78 0.69 0.71 - 0.03 1.81 0.68 1.00 0.89 0.93 - 0.03 2.27 0.89 0.90 0.73 0.78 + 0.04 1.21 0.62 1.15 0.93 1.00 + 0.07 1.50 0.82 0.03 0.02 0.03 unch 0.00 0.03 0.01 0.02 0.01 0.02 - 0.00 0.06 0.01 0.03 0.02 0.03 unch 0.00 0.07 0.02 0.22 0.21 0.21 + 0.00 0.31 0.17 0.28 0.24 0.28 unch 0.00 0.65 0.21 0.07 0.05 0.06 - 0.01 0.07 0.07 0.25 0.03 0.14 - 0.12 0.55 0.10 0.03 0.03 0.03 unch 0.00 0.03 0.01 0.41 0.36 0.39 - 0.01 1.25 0.36 0.30 0.28 0.29 - 0.01 1.01 0.25 0.04 0.03 0.04 unch 0.00 0.08 0.03 0.07 0.07 0.07 unch 0.00 0.18 0.05 0.12 0.11 0.12 unch 0.00 1.10 0.10 0.88 0.08 0.10 - 0.00 0.88 0.08 0.07 0.07 0.07 unch 0.00 0.20 0.07 0.09 0.07 0.09 + 0.02 0.26 0.07 2.26 2.25 2.25 unch 0.00 2.75 2.00 0.00 0.00 0.04 unch 0.00 0.34 0.02 0.27 0.23 0.27 + 0.04 0.95 0.22 0.34 0.30 0.34 + 0.05 1.18 0.29 0.00 0.00 0.00 unch 0.00 2.41 0.00 0.03 0.00 0.03 unch 0.00 0.09 0.01 0.13 0.11 0.11 - 0.02 0.17 0.07 0.11 0.10 0.10 + 0.02 0.12 0.08 0.08 0.07 0.08 + 0.01 0.19 0.05 1.20 1.06 1.10 + 0.03 2.14 0.67 0.94 0.85 0.92 + 0.12 1.67 0.54 0.04 0.03 0.03 - 0.00 0.13 0.02 0.03 0.02 0.03 unch 0.00 0.06 0.02 0.27 0.23 0.25 - 0.01 1.30 0.20 0.35 0.31 0.32 - 0.02 1.65 0.26 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.13 0.13 0.13 unch 0.00 0.32 0.10 0.19 0.18 0.18 - 0.05 0.43 0.10 0.24 0.23 0.23 + 0.01 0.25 0.12 5.97 5.60 5.67 - 0.01 8.48 4.93 7.65 7.20 7.33 unch 0.00 11.09 6.24 0.03 0.02 0.03 unch 0.00 0.07 0.01 0.35 0.33 0.34 unch 0.00 0.67 0.33 0.27 0.25 0.26 - 0.01 0.54 0.24 0.06 0.06 0.06 unch 0.00 0.13 0.06 15.28 14.12 14.60 - 0.11 23.05 13.63 1.96 1.45 1.79 + 0.42 1.94 0.17 1.52 1.13 1.40 + 0.29 1.52 0.13 0.17 0.15 0.16 unch 0.00 0.28 0.08 0.13 0.10 0.11 + 0.01 0.17 0.02 0.58 0.52 0.56 + 0.03 0.72 0.43 0.75 0.68 0.73 + 0.05 0.89 0.55 0.09 0.08 0.09 - 0.01 0.27 0.08 0.08 0.08 0.08 unch 0.00 0.20 0.08 0.07 0.06 0.06 unch 0.00 0.30 0.06 0.12 0.10 0.11 - 0.01 0.40 0.09 0.12 0.12 0.12 unch 0.00 0.30 0.10 0.02 0.01 0.02 - 0.00 0.08 0.01 0.03 0.02 0.03 unch 0.00 0.11 0.02 0.30 0.28 0.30 unch 0.00 0.62 0.24 0.31 0.26 0.29 + 0.03 0.31 0.09 0.40 0.33 0.33 - 0.07 0.59 0.15 2.83 0.00 2.70 - 0.09 4.30 2.53 5.75 5.45 5.55 - 0.09 7.78 5.13 4.49 4.24 4.29 - 0.08 6.08 4.03 0.28 0.00 0.26 - 0.03 0.51 0.26 0.21 0.20 0.20 - 0.02 0.41 0.19 0.09 0.08 0.08 + 0.00 0.33 0.00 0.11 0.11 0.11 unch 0.00 0.38 0.10 0.06 0.04 0.05 + 0.01 0.09 0.04 0.03 0.03 0.03 - 0.00 0.07 0.03 0.05 0.03 0.04 - 0.01 0.16 0.03 0.07 0.00 0.07 + 0.01 0.15 0.05 0.05 0.05 0.05 + 0.01 0.06 0.04 0.10 0.09 0.09 - 0.01 0.18 0.07 65.53 62.43 63.16 + 0.61 86.06 58.26 84.00 79.90 81.79 + 0.99 110.18 76.53 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.04 unch 0.00 0.11 0.04 0.11 0.00 0.10 - 0.01 0.13 0.06 14.28 13.22 13.27 - 0.65 20.25 12.18 0.11 0.11 0.11 unch 0.00 0.17 0.07 0.14 0.11 0.12 - 0.02 0.22 0.09 10.96 0.00 10.40 - 0.30 19.93 10.17 0.38 0.32 0.36 - 0.02 0.85 0.32 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.00 0.00 0.00 unch 0.00 0.12 0.00 0.41 0.36 0.36 - 0.03 1.13 0.34 0.33 0.28 0.28 - 0.01 1.23 0.25 0.20 0.14 0.14 - 0.07 0.20 0.14

Gabriel Res V 33 Gabriel Res* O 15 Gainey Capital V 36 Galane Gold V 268 5 Galane Gold * O Galantas Gold V 274 O 50 Galantas Gold* Galore Res V 145 16 Galway Gold * O Galway Gold V 111 Galway Mtls* O 218 Galway Mtls V 235 GAR Limited 22845 Garibaldi Res V 1578 Garibaldi Res * O 178 General Moly T 4 General Moly* X 224 O 10 Generation Min* Generation Min 23 Generic Gold 49 Genesis Mtls* O 814 Genesis Mtls V 1089 Genius Props * O 2 Genius Props 343 V 681 Gensource Pot Gentor Res V 100 V 342 Geomega Res O 79 Geomega Res* 75 Gespeg Cop Res V Getty Copper V 321 O 276 GFG Resources* GGL Res V 18 GGX Gold V 452 GGX Gold* O 21 Giga Metals* O 141 Giga Metals V 242 Gitennes Expl V 212 Giyani Gold V 219 Giyani Gold* O 165 Glacier Lake V 203 O 832 Gldn Predator* Gldn Predator V 724 Glen Eagle Res V 86

0.36 0.34 0.34 unch 0.00 0.45 0.29 0.27 0.00 0.27 - 0.00 0.34 0.22 0.06 0.06 0.06 unch 0.00 0.15 0.04 0.05 0.05 0.05 + 0.01 0.07 0.05 0.04 0.04 0.04 + 0.00 0.06 0.03 0.10 0.08 0.10 + 0.01 0.13 0.07 0.08 0.08 0.08 unch 0.00 0.10 0.06 0.04 0.03 0.03 unch 0.00 0.06 0.01 0.09 0.09 0.09 unch 0.00 0.12 0.07 0.14 0.13 0.13 + 0.01 0.64 0.10 0.14 0.13 0.14 + 0.01 0.33 0.13 0.18 0.16 0.17 - 0.01 0.41 0.16 0.22 0.16 0.17 unch 0.00 0.65 0.07 1.92 1.45 1.56 - 0.21 5.27 1.34 1.46 1.11 1.21 - 0.18 4.12 1.05 0.48 0.00 0.47 - 0.01 0.63 0.35 0.39 0.36 0.36 - 0.01 0.46 0.28 0.10 0.10 0.10 unch 0.00 0.10 0.08 0.17 0.00 0.14 - 0.03 0.20 0.08 0.30 0.20 0.28 + 0.08 0.32 0.15 0.07 0.06 0.07 - 0.01 0.12 0.04 0.11 0.08 0.09 - 0.03 0.15 0.05 0.21 0.21 0.21 unch 0.00 0.22 0.16 0.33 0.29 0.30 - 0.02 0.34 0.12 0.13 0.12 0.12 unch 0.00 0.16 0.06 0.08 0.08 0.08 unch 0.00 0.20 0.06 0.09 0.08 0.09 + 0.01 0.20 0.06 0.06 0.06 0.06 + 0.00 0.12 0.05 0.04 0.03 0.04 unch 0.00 0.06 0.02 0.05 0.04 0.04 + 0.01 0.07 0.02 0.25 0.19 0.22 + 0.02 0.55 0.15 0.10 0.10 0.10 unch 0.00 0.19 0.09 0.10 0.08 0.08 - 0.02 0.18 0.07 0.06 0.05 0.06 + 0.02 0.14 0.05 0.17 0.14 0.15 - 0.03 0.72 0.13 0.22 0.19 0.20 - 0.02 0.92 0.15 0.04 0.03 0.04 unch 0.00 0.15 0.03 0.28 0.23 0.23 - 0.05 0.44 0.15 0.22 0.18 0.18 - 0.02 0.35 0.12 0.03 0.03 0.03 unch 0.00 0.13 0.03 0.27 0.22 0.26 + 0.02 0.76 0.21 0.34 0.28 0.33 + 0.03 0.94 0.27 0.16 0.15 0.16 - 0.01 0.25 0.11

G-H

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Glencore Plc* O 1371 Global Atomic V 569 O 225 Global Atomic* O 100 Global Cobalt* Global Energy V 140 Global Energy* O 61 Global Gold* O 1 O 1 Global Hunter* Global Li-Ion 342 Global Li-Ion* O 275 3 GlobalMin Vent* O Globex Mng* O 18 Globex Mng T 195 GMV Minerals V 202 O 19 GMV Minerals* GNCC Capital* O 209228 Go Cobalt* O 53 Go Cobalt 55 GobiMin V 3 GoGold Res T 417 O 1259 Gold Dynamics* Gold Fields* O 3 16004 Gold Fields* N 489 Gold Finder Ex V 0 Gold Finder Ex* O Gold Lakes* O 17 Gold Reserve V 26 O 64 Gold Reserve* Gold Resource* X 1231 771 Gold Rush Cari V Gold Rush Cari* O 190 Gold Std Vents T 246 Gold Std Vents* X 1084 V 5 Goldbank Mng O 0 Goldbank Mng* Goldcliff Res* O 76 Goldcliff Res V 93 Goldcorp T 13451 Goldcorp* N 40176 Golden Arrow V 4405 O 4037 Golden Arrow* Golden Band* O 22 V 97 Golden Cariboo 382 Golden Dawn Ml V 34 Golden Dawn Ml* O Golden Goliath* O 69 V 350 Golden Goliath Golden Harp V 23 Golden Hope V 110 Golden Hope* O 0 Golden Mnls T 95 Golden Mnls* X 935 648 Golden Peak Mn V 16 Golden Peak Mn* O V 19 Golden Pursuit Golden Queen T 199 O 566 Golden Queen* Golden Reign V 336 Golden Ridge V 3025 Golden Share V 67 O 13 Golden Share* Golden Star T 429 Golden Star* X 3532 Golden Sun* O 1164 Golden Tag V 100 Golden Valley* O 7 Golden Valley V 165 Goldex Res* O 1 Goldex Res V 139 O 116 Goldgroup Mng* T 119 Goldgroup Mng GoldMining* O 371 GoldMining T 566 GoldON Res V 2 GoldON Res* O 2 Goldplay Expl V 111 V 509 GoldQuest Mng Goldrea Res 273 Goldrea Res* O 66 O 202 Goldrich Mng* O 1260 Goldsource Min* Goldsource Min V 1231 O 540 Goldstar Mnls* Goldstar Mnls V 1698 V 2161 Goldstream Mnl Goldstrike Res V 731 GoldTrain Res 119 Goliath Res V 1622 Goliath Res* O 43 Gossan Res V 100 O 1236 GoviEx Uranium* GoviEx Uranium V 4220 Gowest Gold* O 135 Gowest Gold V 503 GPM Metals* O 0 GPM Metals V 438 O 53 Gran Colombia* T 410 Gran Colombia Granada Gold V 613 O 58 Granada Gold* V 1276 Grande Portage Grande Portage* O 110 Graphite Egy 49 Graphite Egy* O 212 O 93 Graphite One* Graphite One V 627 Gratomic V 4106 Gratomic* O 31 Gray Rock Res V 21 10267 Great Atlantic V Great Bear Res V 1643 Great Bear Res* O 180 Great Lakes Gr* O 115 112 Great Lakes Gr V Great Panther T 235 Great Panther* X 1870 19 Great Quest Fe V V 126 Great Thunder Great Western* O 261 O 0 Greatbanks Res* Green Arrow V 60 Green River 376 95 Green Swan Cap V 21 Green Valley M V V 129 Greencastle Rs Greenland M&En* O 237 Grenville Gold V 1 O 1 Grenville Gold* Grid Metals V 473 Grid Metals* O 125 O 25 Grizzly Discvr* Grizzly Discvr V 21 V 4 Grosvenor Res Group Eleven V 199 38 Group Ten Mtls* O Group Ten Mtls V 158 O 112 GrowMax Res* GrowMax Res V 1620 GT Gold V 2635 O 25 GT Gold * 172 GTA Res & Mng V Guerrero Vents V 18 Gungnir Res V 4188 Gungnir Res* O 1690 Gunpoint Expl V 7 Guyana Gldflds T 2493 V 327 Guyana Goldstr O 21 Guyana Goldstr* Handa Mining V 75 O 1 Handeni Gold* V 110 Hannan Metals Hannan Metals* O 88 74 Happy Ck Mnrls V V 182 Harfang Explor N 9582 Harmony Gold* Harte Gold* O 400 Harte Gold T 2595 Harvest Gold* O 1012 Harvest Gold V 2307 O 14 Havilah Mining* V 64 Havilah Mining Hawkeye Gld&Di V 487 V 240 Heatherdale Rs 18729 Hecla Mining* N Helio Res V 78 Helio Res* O 2 Hellix Vent* O 84 O 59 Hemcare Health* Heron Res* O 16 Highbank Res V 1475 Highbury Proj V 3 Highland Copp* O 656 V 540 Highland Copp 75 Highway 50 Gld* O 52 Highway 50 Gld V HiHo Silver 98 HiHo Silver* O 50

8.75 8.42 8.49 - 0.09 11.68 7.35 0.42 0.38 0.42 + 0.02 0.45 0.20 0.31 0.29 0.29 - 0.02 0.31 0.16 0.01 0.00 0.01 unch 0.00 0.43 0.00 0.08 0.00 0.08 - 0.01 0.27 0.06 0.08 0.06 0.07 + 0.00 0.22 0.05 2.00 1.90 1.90 - 0.10 5.77 1.78 0.00 0.00 0.00 unch 0.00 0.10 0.00 0.12 0.10 0.11 - 0.02 0.97 0.10 0.10 0.07 0.08 - 0.02 0.80 0.07 1.07 1.05 1.07 - 0.38 140.00 0.55 0.27 0.24 0.24 - 0.03 0.40 0.24 0.35 0.30 0.32 - 0.02 0.51 0.30 0.20 0.14 0.18 + 0.01 0.39 0.14 0.14 0.13 0.14 + 0.01 0.32 0.12 0.00 0.00 0.00 - 0.00 0.00 0.00 0.19 0.12 0.19 + 0.07 0.18 0.12 0.24 0.23 0.24 unch 0.00 0.24 0.07 0.33 0.33 0.33 unch 0.00 0.50 0.30 0.33 0.32 0.32 - 0.01 0.53 0.31 0.00 0.00 0.00 - 0.00 0.01 0.00 2.60 2.60 2.60 unch 0.00 4.25 2.52 2.56 2.42 2.48 + 0.06 4.54 2.20 0.20 0.18 0.18 - 0.01 1.85 0.16 0.00 0.00 0.15 unch 0.00 1.33 0.00 0.02 0.00 0.02 + 0.00 0.50 0.01 3.38 3.17 3.36 + 0.16 5.35 2.50 2.60 2.44 2.50 + 0.05 4.25 2.05 5.30 5.02 5.15 + 0.01 7.33 3.52 0.14 0.11 0.14 + 0.02 0.35 0.10 0.09 0.09 0.09 unch 0.00 0.29 0.09 2.29 2.11 2.26 + 0.05 2.46 1.50 1.77 1.64 1.75 + 0.03 2.01 1.15 0.14 0.14 0.14 unch 0.00 0.34 0.13 0.00 0.00 0.10 unch 0.00 0.14 0.10 0.06 0.05 0.05 - 0.00 0.41 0.05 0.07 0.00 0.07 - 0.01 0.52 0.07 13.62 12.93 12.95 - 0.21 19.32 13.00 10.63 9.99 9.99 - 0.21 15.55 9.89 0.37 0.23 0.30 - 0.07 0.72 0.23 0.29 0.18 0.23 - 0.06 0.58 0.18 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.06 0.05 0.05 - 0.01 0.15 0.05 0.10 0.08 0.08 - 0.01 0.63 0.07 0.07 0.07 0.07 - 0.00 0.31 0.07 0.01 0.01 0.01 - 0.00 0.05 0.01 0.03 0.02 0.03 unch 0.00 0.06 0.02 0.13 0.00 0.13 - 0.02 0.20 0.01 0.10 0.00 0.10 - 0.01 0.12 0.06 0.00 0.00 0.06 unch 0.00 0.09 0.05 0.30 0.26 0.28 + 0.02 0.61 0.26 0.23 0.19 0.21 + 0.01 0.49 0.19 0.33 0.30 0.32 unch 0.00 0.56 0.16 0.25 0.22 0.24 + 0.01 0.41 0.22 0.13 0.00 0.13 + 0.01 0.21 0.09 0.17 0.15 0.16 - 0.01 0.44 0.14 0.13 0.12 0.13 - 0.00 0.35 0.10 0.19 0.17 0.17 - 0.01 0.37 0.17 0.23 0.19 0.21 - 0.02 0.54 0.11 0.13 0.10 0.10 - 0.02 0.30 0.09 0.09 0.07 0.07 - 0.02 0.20 0.09 0.99 0.90 0.96 + 0.01 1.17 0.70 0.77 0.70 0.74 + 0.02 0.92 0.56 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.22 0.21 0.21 - 0.01 0.25 0.16 0.29 0.27 0.29 + 0.02 0.30 0.22 0.18 0.00 0.18 + 0.03 1.96 0.15 0.29 0.21 0.21 - 0.03 2.56 0.19 0.04 0.03 0.04 + 0.01 0.07 0.03 0.06 0.05 0.06 + 0.01 0.09 0.05 0.62 0.58 0.61 + 0.00 1.33 0.58 0.79 0.75 0.78 unch 0.00 1.66 0.75 0.15 0.00 0.15 unch 0.00 0.20 0.12 0.11 0.11 0.11 unch 0.00 0.14 0.09 0.23 0.20 0.20 + 0.01 0.32 0.16 0.17 0.16 0.16 - 0.01 0.46 0.15 0.08 0.06 0.07 + 0.01 0.38 0.04 0.07 0.00 0.05 + 0.00 0.30 0.03 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.06 0.05 0.06 + 0.00 0.10 0.03 0.08 0.07 0.08 + 0.01 0.12 0.05 0.05 0.05 0.05 unch 0.00 0.08 0.04 0.05 0.04 0.04 - 0.01 0.12 0.03 0.08 0.05 0.05 - 0.02 0.18 0.04 0.13 0.09 0.12 + 0.02 0.36 0.09 0.40 0.35 0.38 - 0.02 0.40 0.24 0.16 0.12 0.16 + 0.03 0.40 0.08 0.13 0.11 0.13 + 0.03 0.21 0.10 0.07 0.06 0.07 - 0.01 0.12 0.05 0.20 0.17 0.18 - 0.01 0.27 0.14 0.25 0.22 0.23 - 0.01 0.33 0.17 0.04 0.03 0.04 + 0.01 0.16 0.03 0.05 0.05 0.05 unch 0.00 0.20 0.04 0.04 0.04 0.04 unch 0.00 0.08 0.02 0.04 0.04 0.04 unch 0.00 0.11 0.04 2.02 1.76 2.01 + 0.26 2.62 1.38 2.61 2.25 2.60 + 0.35 3.45 1.73 0.15 0.12 0.13 - 0.02 0.42 0.12 0.11 0.10 0.11 - 0.00 0.33 0.10 0.28 0.24 0.28 + 0.03 0.71 0.14 0.20 0.17 0.20 + 0.01 0.56 0.12 0.10 0.08 0.08 - 0.01 1.76 0.07 0.08 0.05 0.05 - 0.01 1.56 0.05 0.04 0.04 0.04 - 0.00 0.09 0.03 0.05 0.05 0.05 - 0.01 0.12 0.04 0.12 0.10 0.11 + 0.02 0.32 0.06 0.09 0.07 0.09 + 0.02 0.21 0.05 0.09 0.05 0.09 + 0.04 0.49 0.05 0.10 0.06 0.07 - 0.03 0.16 0.05 2.55 1.75 2.26 + 0.42 2.55 0.26 2.00 1.37 1.75 + 0.35 1.85 0.21 0.05 0.03 0.05 + 0.00 0.08 0.02 0.06 0.05 0.06 unch 0.00 0.09 0.03 1.13 1.04 1.05 - 0.06 1.86 1.02 0.87 0.80 0.82 - 0.03 1.45 0.78 0.12 0.10 0.10 - 0.02 0.24 0.06 0.02 0.00 0.02 - 0.01 0.05 0.02 0.00 0.00 0.00 - 0.00 0.01 0.00 0.00 0.00 0.02 unch 0.00 0.02 0.02 0.02 0.02 0.02 unch 0.00 0.19 0.02 0.06 0.05 0.06 - 0.01 0.09 0.03 0.04 0.03 0.03 + 0.01 0.09 0.03 0.35 0.25 0.25 - 0.10 0.50 0.08 0.07 0.07 0.07 + 0.01 0.18 0.06 0.06 0.06 0.06 - 0.00 0.10 0.05 0.00 0.00 0.09 unch 0.00 0.17 0.08 0.07 0.07 0.07 + 0.00 0.07 0.06 0.09 0.08 0.08 unch 0.00 0.52 0.07 0.06 0.06 0.06 + 0.00 0.37 0.05 0.11 0.07 0.07 - 0.00 0.11 0.03 0.10 0.09 0.09 - 0.01 0.15 0.04 0.14 0.00 0.14 unch 0.00 0.20 0.14 0.18 0.14 0.15 - 0.03 0.40 0.13 0.12 0.12 0.12 - 0.00 0.23 0.11 0.16 0.15 0.16 unch 0.00 0.28 0.14 0.09 0.07 0.07 - 0.01 0.13 0.06 0.12 0.10 0.10 - 0.02 0.19 0.09 0.79 0.68 0.75 + 0.03 1.96 0.41 0.61 0.54 0.55 + 0.02 1.55 0.31 0.03 0.03 0.03 - 0.01 0.06 0.02 0.09 0.00 0.09 unch 0.00 0.30 0.09 0.33 0.13 0.13 - 0.22 0.39 0.09 0.27 0.09 0.10 - 0.17 0.29 0.07 0.42 0.40 0.42 + 0.02 0.44 0.16 3.21 2.85 3.00 + 0.15 5.42 2.74 0.29 0.23 0.28 + 0.02 0.39 0.17 0.22 0.00 0.22 + 0.02 0.28 0.14 0.07 0.07 0.07 unch 0.00 0.18 0.05 0.05 0.00 0.04 - 0.01 0.13 0.02 0.19 0.18 0.19 + 0.02 0.39 0.10 0.15 0.15 0.15 + 0.01 0.31 0.08 0.16 0.15 0.16 - 0.04 0.25 0.13 0.25 0.20 0.21 - 0.02 0.35 0.20 1.75 1.62 1.67 + 0.01 2.53 1.43 0.36 0.31 0.32 + 0.01 0.48 0.22 0.45 0.41 0.43 + 0.02 0.59 0.29 0.08 0.06 0.07 - 0.00 0.08 0.03 0.10 0.08 0.09 unch 0.00 0.10 0.04 0.28 0.22 0.25 - 0.01 0.35 0.20 0.35 0.34 0.34 - 0.01 0.69 0.25 0.06 0.05 0.06 + 0.01 0.12 0.04 0.03 0.02 0.02 - 0.01 0.08 0.02 3.00 2.75 2.88 + 0.09 5.42 2.59 0.07 0.00 0.07 - 0.01 0.50 0.07 0.06 0.06 0.06 unch 0.00 0.35 0.00 0.02 0.01 0.01 - 0.00 0.07 0.01 1.20 1.13 1.20 + 0.06 1.22 0.05 0.00 0.00 0.37 unch 0.00 0.80 0.37 0.04 0.03 0.03 + 0.01 0.06 0.02 0.21 0.21 0.21 unch 0.00 0.35 0.21 0.10 0.08 0.09 + 0.01 0.14 0.04 0.13 0.10 0.12 + 0.01 0.17 0.06 0.37 0.34 0.37 unch 0.00 0.37 0.22 0.44 0.40 0.40 unch 0.00 0.48 0.22 0.06 0.05 0.06 + 0.01 0.14 0.03 0.05 0.03 0.03 - 0.01 0.07 0.03

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Hinterland Mtl V 935 O 136 Hochschild Mg* Honey Badger E* O 100 Honey Badger E V 1678 T 2143 Horizonte Mnls 15 Hornby Bay Mnl V HudBay Mnls* N 4749 HudBay Mnls T 11779 Hudson Res V 51 Hudson Res* O 6 Hunt Mng* O 23 Hunt Mng V 63 Hut 8 Mining* O 8 199 Hut 8 Mining V V 403 Hybrid Mineral Hycroft Mg* O 0

0.03 0.02 0.03 + 0.01 0.05 0.02 2.19 0.00 2.07 - 0.12 3.55 2.00 0.03 0.03 0.03 - 0.01 0.16 0.03 0.06 0.05 0.05 - 0.01 0.20 0.04 0.07 0.06 0.07 + 0.01 0.11 0.06 0.04 0.04 0.04 unch 0.00 0.08 0.00 5.44 4.35 4.59 - 0.46 10.25 4.13 6.98 5.64 5.96 - 0.58 12.65 5.44 0.44 0.41 0.42 - 0.03 0.64 0.38 0.33 0.32 0.32 - 0.00 0.52 0.29 0.16 0.13 0.13 - 0.01 0.41 0.10 0.20 0.19 0.20 - 0.06 0.51 0.14 2.56 2.21 2.54 + 0.33 3.74 1.88 3.41 2.86 3.27 + 0.34 5.00 0.05 0.10 0.06 0.09 - 0.01 0.55 0.06 0.02 0.02 0.02 unch 0.00 0.45 0.01

I-Minerals* O 3 I-Minerals V 2 IAMGOLD T 5635 17093 IAMGOLD* N Icon Explor* O 0 Iconic Mnls V 474 Iconic Mnls * O 168 IDM Mining* O 406 IDM Mining V 425 IEMR Res V 58 IGC Res V 35 iMetal Res* O 500 iMetal Res V 818 V 277 IMPACT Silver O 11 Impala Platnm* O 86 Imperial Metal* Imperial Metal T 324 244 Imperial Mg Gr V 62 Inca One Gold* O Inca One Gold V 8 12 Inception Mng * O V 168 Independence G Independence G* O 35 Indico Res V 245 Indigo Expl V 20 Infinite Lith* O 4 Infinite Lith V 66 Inform Res V 40 Inomin Mines V 100 Inspiration Mg* O 2 Inspiration Mg 264 Intact Gold V 55 Integra Res* O 507 Integra Res V 716 V 100 Inter-Rock Mnl Intercontinent V 20 O 0 Intercontinent* Intgr Egy Sol* O 2037 Intl Battery* O 297 Intl Battery 385 429 Intl Bethl Mng V Intl Cobalt* O 49 Intl Cobalt 202 Intl Corona V 70 Intl Lithium* O 156 Intl Lithium V 227 Intl Montoro V 92 0 Intl Prospect * O Intl Prospect V 2 Intl Samuel Ex* O 20 545 Intl Samuel Ex V 41211 Intl Star* O Intl Tower Hil* X 589 54 Intl Tower Hil T Intl Zeolite V 635 Intl Zeolite* O 49 Intrepid Pots* N 1959 INV Metals* O 7 INV Metals T 209 Inventus Mg * O 226 Inventus Mg V 87 InZinc Mining V 848 InZinc Mining* O 100 O 128 Ireland* Ironside Res V 150 6 Ironside Res * O Irving Res 149 Irving Res* O 40 IsoEnergy Ltd V 265 Itafos* O 165 V 161 Itafos 10 Itoco Mg Corp* O Ivanhoe Mines* O 595 T 10391 Ivanhoe Mines Jade Leader* O 16 Jade Leader V 25 Jaeger Res V 23 Jaguar Mng T 1496 Jaguar Mng* O 36 Japan Gold V 283 Japan Gold* O 66 Jasper Mng V 440 Jaxon Mining* O 22 Jaxon Mining V 525 Jayden Res* O 0 Jazz Res V 100 5 JDF Explor Inc V 118 Jiminex Jiulian Res V 837 Jourdan Res V 710 O 1 Jubilee Metals* V 2625 Juggernaut Exp Juggernaut Exp* O 294 V 50 K2 Gold K92 Mng Inc* O 365 K92 Mng Inc V 1614 Kaizen Discov V 109 O 12 Kaizen Discvry* O 500 Kapuskasing Gd* Kapuskasing Gd V 31 Karmin Expl V 104 Karnalyte Res T 49 Karoo Expl V 153 KAT Expl* O 1617 Katanga Mng T 1308 Kenadyr Mining V 205 O 49 Kenadyr Mining* Kermode Res V 3 Kerr Mines* O 53 Kerr Mines T 298 O 50 Kesselrun Res* V 178 Kesselrun Res Kestrel Gold V 743 Khan Res 121 V 616 Kilo Goldmines Kilo Goldmines* O 466 O 45 Kincora Copper* V 50 Kincora Copper 0 Kings Bay Res* O Kings Bay Res V 706 V 116 Kingsmen Res O 5 Kingsmen Res* Kinross Gold T 14731 63933 Kinross Gold* N Kintavar Exp V 1337 Kirkland Lake* N 5198 Kirkland Lake T 3552 O 517 Klondike Gold* Klondike Gold V 712 Klondike Silv* O 52 Klondike Silv V 497 V 248 Kombat Copper Komet Resource V 328 O 70 Kootenay Silvr* V 668 Kootenay Silvr Kootenay Zinc 94 O 3 Kootenay Zinc* 94 Kutcho Copper * O KWG Res* O 32 KWG Res 881

0.17 0.17 0.17 unch 0.00 0.28 0.14 0.00 0.00 0.19 unch 0.00 0.36 0.18 5.05 4.71 4.85 + 0.10 8.20 4.69 3.94 3.67 3.75 + 0.07 6.52 3.57 0.00 0.00 0.30 unch 0.00 0.59 0.15 0.12 0.10 0.11 - 0.01 0.43 0.04 0.09 0.08 0.08 - 0.01 0.28 0.04 0.05 0.05 0.05 unch 0.00 0.11 0.04 0.07 0.06 0.06 - 0.01 0.14 0.06 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.19 0.00 0.19 + 0.04 0.25 0.05 0.08 0.08 0.08 unch 0.00 0.12 0.05 0.08 0.07 0.08 + 0.01 0.18 0.05 0.34 0.30 0.33 + 0.03 0.56 0.26 1.85 1.85 1.85 unch 0.00 2.65 1.15 1.45 1.34 1.34 - 0.18 2.91 0.72 1.99 1.65 1.76 - 0.21 3.76 0.93 0.09 0.07 0.07 - 0.02 0.27 0.05 0.04 0.03 0.03 - 0.00 0.09 0.03 0.05 0.05 0.05 + 0.01 0.11 0.04 0.19 0.00 0.11 - 0.08 0.33 0.05 0.06 0.06 0.06 unch 0.00 0.17 0.06 0.04 0.00 0.04 unch 0.00 0.14 0.04 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.11 0.09 0.11 + 0.01 0.34 0.08 0.15 0.13 0.13 - 0.02 0.45 0.09 0.10 0.09 0.09 unch 0.00 0.39 0.09 0.05 0.05 0.05 unch 0.00 0.20 0.03 0.02 0.00 0.02 unch 0.00 0.20 0.01 0.03 0.02 0.03 - 0.01 0.27 0.02 0.12 0.11 0.11 - 0.01 1.18 0.11 0.67 0.64 0.65 - 0.02 1.83 0.05 0.85 0.83 0.83 - 0.03 1.40 0.77 0.28 0.27 0.27 - 0.01 0.59 0.27 0.40 0.37 0.40 + 0.01 0.65 0.11 0.00 0.00 0.30 unch 0.00 0.47 0.12 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.19 0.13 0.15 + 0.01 1.11 0.11 0.24 0.17 0.20 + 0.01 1.38 0.16 0.04 0.03 0.04 + 0.01 0.17 0.03 0.07 0.05 0.07 + 0.00 0.31 0.05 0.09 0.00 0.08 unch 0.00 0.45 0.07 0.05 0.04 0.04 - 0.01 0.08 0.03 0.08 0.06 0.06 - 0.00 0.18 0.05 0.10 0.08 0.09 unch 0.00 0.23 0.07 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.00 0.00 0.11 unch 0.00 0.28 0.11 0.00 0.00 0.18 unch 0.00 0.38 0.12 0.05 0.05 0.05 unch 0.00 0.10 0.05 0.08 0.06 0.07 - 0.01 0.25 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.53 0.41 0.53 + 0.05 0.78 0.29 0.69 0.56 0.69 + 0.09 0.99 0.38 0.14 0.11 0.13 - 0.01 0.52 0.11 0.10 0.08 0.10 + 0.00 0.40 0.08 3.75 3.46 3.53 - 0.06 5.31 3.12 0.29 0.28 0.28 - 0.01 0.71 0.26 0.39 0.36 0.39 + 0.01 0.90 0.35 0.12 0.09 0.12 + 0.02 0.27 0.09 0.15 0.14 0.14 - 0.01 0.35 0.12 0.07 0.06 0.06 - 0.01 0.24 0.06 0.06 0.05 0.05 - 0.00 0.19 0.05 0.15 0.14 0.15 + 0.01 0.26 0.05 0.14 0.09 0.14 unch 0.00 0.21 0.08 0.07 0.07 0.07 unch 0.00 0.12 0.07 1.08 0.95 0.98 - 0.03 1.52 0.66 0.82 0.75 0.76 - 0.02 1.22 0.52 0.49 0.44 0.45 - 0.01 0.73 0.26 1.18 0.00 1.09 - 0.05 2.25 0.97 1.45 1.31 1.35 - 0.10 2.90 1.14 0.03 0.03 0.03 unch 0.00 1.20 0.03 2.41 2.20 2.26 + 0.12 3.95 1.53 3.10 2.84 2.94 + 0.19 5.01 2.00 0.24 0.24 0.24 unch 0.00 0.38 0.09 0.27 0.20 0.27 + 0.06 0.50 0.10 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.22 0.20 0.20 unch 0.00 0.41 0.18 0.16 0.00 0.16 + 0.00 0.33 0.13 0.10 0.08 0.09 - 0.01 0.39 0.07 0.07 0.06 0.07 + 0.02 0.30 0.06 0.15 0.14 0.15 + 0.04 0.18 0.06 0.09 0.09 0.09 unch 0.00 0.24 0.08 0.13 0.11 0.12 + 0.01 0.30 0.10 0.00 0.00 0.08 unch 0.00 0.30 0.06 0.04 0.04 0.04 unch 0.00 0.09 0.03 0.00 0.00 0.05 unch 0.00 0.15 0.01 0.06 0.05 0.05 - 0.01 0.28 0.05 0.12 0.09 0.09 - 0.03 0.18 0.02 0.06 0.04 0.05 - 0.01 0.13 0.04 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.33 0.22 0.31 + 0.07 0.59 0.17 0.26 0.18 0.25 + 0.06 1.10 0.18 0.27 0.27 0.27 - 0.01 0.38 0.18 0.74 0.69 0.71 + 0.04 0.79 0.31 0.96 0.89 0.94 + 0.09 1.04 0.41 0.09 0.07 0.07 - 0.01 0.14 0.05 0.07 0.05 0.05 - 0.01 0.10 0.04 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.02 0.00 0.02 unch 0.00 0.06 0.01 0.76 0.70 0.70 - 0.04 1.50 0.62 0.33 0.32 0.32 unch 0.00 0.69 0.31 0.10 0.08 0.09 + 0.01 1.10 0.08 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.72 0.64 0.66 - 0.04 2.83 0.63 0.11 0.10 0.10 - 0.01 0.29 0.10 0.08 0.08 0.08 + 0.00 0.23 0.07 0.01 0.00 0.01 - 0.01 0.03 0.01 0.12 0.11 0.11 - 0.01 0.28 0.10 0.16 0.14 0.15 unch 0.00 0.35 0.14 0.04 0.04 0.04 unch 0.00 0.17 0.04 0.05 0.05 0.05 - 0.01 0.23 0.05 0.02 0.02 0.02 unch 0.00 0.15 0.02 0.07 0.07 0.07 - 0.01 0.18 0.06 0.02 0.02 0.02 unch 0.00 0.07 0.01 0.01 0.01 0.01 + 0.00 0.06 0.01 0.12 0.11 0.12 + 0.00 0.32 0.10 0.15 0.13 0.14 - 0.02 0.42 0.11 0.04 0.04 0.04 unch 0.00 0.12 0.03 0.05 0.04 0.04 - 0.01 0.16 0.04 0.30 0.20 0.22 + 0.01 0.38 0.10 0.20 0.16 0.16 - 0.04 0.28 0.07 3.68 3.42 3.58 + 0.06 5.90 3.42 2.88 2.67 2.76 + 0.06 4.78 2.67 0.30 0.25 0.26 unch 0.00 0.65 0.10 20.25 18.81 19.28 + 0.29 23.86 11.52 25.98 24.06 24.93 + 0.45 30.94 14.76 0.17 0.15 0.15 - 0.01 0.35 0.15 0.21 0.20 0.21 - 0.01 0.44 0.20 0.04 0.03 0.03 - 0.01 0.08 0.02 0.05 0.05 0.05 - 0.01 0.10 0.04 0.15 0.12 0.13 unch 0.00 0.49 0.09 0.28 0.25 0.27 + 0.02 0.48 0.16 0.10 0.09 0.09 - 0.02 0.20 0.09 0.13 0.12 0.12 - 0.01 0.25 0.12 0.11 0.10 0.11 + 0.01 0.90 0.07 0.09 0.00 0.08 - 0.01 0.66 0.04 0.26 0.24 0.25 + 0.00 0.84 0.21 0.01 0.01 0.01 - 0.01 0.02 0.01 0.02 0.01 0.01 - 0.00 0.02 0.01

Labdr Iron Mns* O 5 V 67 Labrador Gold Labrador Gold* O 2 Labrador Iron T 746 Lara Expl V 164 Laramide Res T 2255 Laredo Res* O 2457 Largo Res T 8072 Largo Res* O 3213 Lateral Gold V 23 124 Latin Am Mnls V 62 Latin Am Mnls* O Laurion Mnl Ex* O 28 401 Laurion Mnl Ex V 19 Le Mare Gold* O

0.00 0.00 0.00 unch 0.00 0.11 0.00 0.25 0.00 0.24 - 0.01 0.35 0.16 0.20 0.19 0.19 - 0.00 0.21 0.11 28.98 27.98 28.29 + 0.17 28.98 19.89 0.61 0.58 0.59 unch 0.00 0.99 0.50 0.52 0.47 0.47 - 0.02 0.55 0.23 0.01 0.01 0.01 - 0.00 0.05 0.00 3.95 3.57 3.91 + 0.28 3.77 0.81 3.06 2.79 3.05 + 0.24 2.99 0.63 0.57 0.47 0.52 - 0.08 0.94 0.47 0.02 0.02 0.02 - 0.01 0.15 0.02 0.02 0.01 0.01 unch 0.00 0.11 0.01 0.07 0.07 0.07 + 0.00 0.08 0.01 0.10 0.09 0.10 unch 0.00 0.11 0.01 0.04 0.00 0.00 - 0.02 0.67 0.00

I-J-K

L

(100s) Stock

Week

21

12-month

Exc Volume High Low Last Change High Low

LeadFX Inc* O 1 Leading Edge V 265 Leading Edge* O 419 Leagold Mg* O 172 Leagold Mg T 746 Leeta Gold V 3840 Leo Res* O 891 Lepanto Con Mg* O 5603 471 Levon Res Ltd T Levon Res Ltd * O 130 V 100 Libero Copper Liberty Gold* O 316 Liberty One Li V 504 Liberty One Li* O 594 LiCo Energy* O 101 LiCo Energy V 155 Lincoln Mng V 1540 43 Lion One Mtls V 13 Lion One Mtls* O Lions Bay Cap V 978 O 5 Lithion Energy* 520 Lithium Amer* N Lithium Amer T 755 Lithium Chile V 589 Lithium Chile* O 125 Lithium Corp* O 559 O 1 Lithium Energi* V 103 Lithium Energi V 39 Lithium Energy Lithium Expl* O 604 V 591 Lithoquest Dia O 5 Lithoquest Dia* LKA Gold* O 11 O 0 Lode-Star Mg* Logan Res* O 1 Lomiko Mtls* O 42 Lomiko Mtls V 277 Loncor Res* O 5 Loncor Res T 303 Lone Star Gold* O 62 Lonmin plc* O 6 Lonmin plc* O 0 Lorraine Coppr* O 2 V 193 Lorraine Coppr 261 Los Andes Copp V LSC Lithium* O 80 Lucara Diam T 1313 Lucky Mnls * O 135 Lucky Mnls V 636 Luckystrike * O 11 Luckystrike V 78 Lumina Gold* O 19 Lumina Gold V 126 Luminex Res V 48 Lund Enterpr V 0 Lundin Gold T 255 Lundin Mng T 7994 Lupaka Gold V 55 Lydian Intl* O 36 Lydian Intl T 287 Lynas Corp* O 281 Lynas Corp* O 107

0.75 0.00 0.75 + 0.01 1.57 0.48 0.37 0.32 0.35 + 0.01 1.01 0.28 0.29 0.25 0.29 + 0.02 0.80 0.21 1.63 1.44 1.47 + 0.01 2.73 1.37 2.08 1.85 1.89 + 0.02 3.45 1.78 0.63 0.56 0.60 unch 0.00 6.75 0.59 0.54 0.25 0.28 - 0.05 0.86 0.25 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.18 0.15 0.17 + 0.02 0.40 0.14 0.14 0.12 0.13 + 0.01 0.33 0.12 0.10 0.08 0.08 - 0.02 0.15 0.07 0.32 0.28 0.29 - 0.00 0.42 0.28 0.17 0.16 0.17 + 0.01 2.49 0.14 0.14 0.12 0.13 - 0.00 1.95 0.10 0.15 0.13 0.14 + 0.01 0.90 0.01 0.19 0.17 0.17 unch 0.00 2.00 0.16 0.03 0.00 0.02 + 0.01 0.05 0.01 0.54 0.50 0.53 + 0.02 0.76 0.45 0.43 0.38 0.40 + 0.04 0.62 0.34 0.08 0.06 0.08 + 0.01 0.25 0.06 0.04 0.04 0.04 - 0.02 0.11 0.03 4.95 4.12 4.18 - 0.62 10.95 3.50 6.35 5.33 5.36 - 0.83 14.06 4.58 0.73 0.62 0.70 - 0.03 1.35 0.57 0.59 0.48 0.53 - 0.02 0.97 0.48 0.19 0.14 0.16 - 0.02 0.62 0.08 0.22 0.22 0.22 unch 0.00 0.75 0.13 0.30 0.25 0.30 - 0.01 0.97 0.16 0.25 0.21 0.21 - 0.04 1.50 0.21 0.01 0.01 0.01 + 0.00 0.13 0.01 0.27 0.23 0.24 - 0.03 0.88 0.14 0.20 0.20 0.20 unch 0.00 0.51 0.20 0.18 0.09 0.18 + 0.07 0.30 0.05 0.00 0.00 0.03 unch 0.00 0.05 0.02 0.00 0.00 0.00 unch 0.00 0.04 0.00 0.05 0.04 0.05 - 0.01 0.24 0.03 0.07 0.06 0.07 unch 0.00 0.31 0.04 0.09 0.00 0.09 + 0.03 0.09 0.04 0.14 0.11 0.13 + 0.02 0.14 0.06 0.00 0.00 0.00 - 0.00 0.03 0.00 0.63 0.00 0.60 - 0.05 1.40 0.45 0.00 0.00 0.53 unch 0.00 0.90 0.53 0.06 0.06 0.06 unch 0.00 0.12 0.01 0.11 0.09 0.10 - 0.01 0.19 0.07 0.27 0.00 0.27 unch 0.00 0.41 0.20 0.30 0.28 0.29 - 0.01 1.31 0.24 2.22 2.14 2.17 + 0.01 2.91 1.97 0.11 0.10 0.11 + 0.01 0.18 0.06 0.15 0.13 0.14 unch 0.00 0.23 0.09 0.35 0.00 0.35 + 0.12 0.35 0.23 0.48 0.27 0.48 + 0.17 0.55 0.21 0.55 0.54 0.55 + 0.02 0.67 0.46 0.73 0.66 0.67 - 0.02 0.85 0.60 1.05 0.75 0.81 + 0.03 1.05 0.51 0.00 0.00 0.14 unch 0.00 0.25 0.11 4.97 4.67 4.95 + 0.12 5.56 4.07 7.02 6.30 6.34 - 0.50 10.22 6.00 0.18 0.17 0.18 + 0.01 0.29 0.11 0.17 0.15 0.15 - 0.01 0.50 0.12 0.22 0.20 0.21 - 0.01 0.63 0.15 1.30 1.15 1.29 + 0.13 2.20 0.13 1.27 1.15 1.27 + 0.10 2.20 0.55

M M.P.V. Explor 160 0.14 0.11 0.11 - 0.03 0.30 0.11 unch 0.00 0.61 0.21 M2 Cobalt* O 25 0.21 0.21 0.21 Macarthur Mnl* O 340 0.03 0.03 0.03 + 0.00 0.09 0.01 V 1491 0.03 0.03 0.03 unch 0.00 0.11 0.02 Macarthur Mnl O 4 0.04 0.03 0.03 - 0.00 0.10 0.02 MacDonald Mns* V 53 0.05 0.04 0.04 - 0.01 0.14 0.03 MacDonald Mns MacMillan Mnls V 42 2.42 2.20 2.25 - 0.06 2.42 1.33 V 500 0.03 0.03 0.03 unch 0.00 0.05 0.02 Madeira Mrnls T 1062 10.93 9.84 9.90 - 0.54 15.97 9.24 MAG Silver Magellan Gold* O 1961 0.02 0.02 0.02 unch 0.00 0.06 0.01 unch 0.00 0.06 0.03 Magna Terra V 87 0.05 0.04 0.05 V 23 0.17 0.17 0.17 unch 0.00 0.30 0.14 Magnitude Mng Majestic Gold V 276 0.09 0.08 0.09 unch 0.00 0.11 0.04 O 8 0.08 0.07 0.07 - 0.01 0.08 0.03 Majestic Gold* unch 0.00 0.24 0.07 Makena Res 53 0.07 0.00 0.07 V 790 0.04 0.03 0.04 unch 0.00 0.16 0.03 Mammoth Res Manado Gold V 565 0.05 0.04 0.05 + 0.01 0.24 0.04 T 1547 0.16 0.14 0.14 - 0.01 0.33 0.14 Mandalay Res O 92 0.13 0.10 0.11 - 0.01 0.33 0.10 Mandalay Res* Manganese X* O 10 0.13 0.12 0.13 + 0.01 0.21 0.09 0.11 Manganese X V 555 0.19 0.16 0.19 + 0.03 0.28 V 1091 0.03 0.03 0.03 - 0.01 0.04 0.02 Mangazeya Mng Manitou Gold V 1085 0.11 0.08 0.08 - 0.01 0.19 0.04 0.04 0.04 0.04 unch 0.00 0.15 0.03 Manitou Gold * O 340 unch 0.00 0.34 0.09 Maple Gold V 1071 0.10 0.10 0.10 Maple Gold* O 329 0.08 0.07 0.08 - 0.00 0.27 0.07 O 67 0.67 0.64 0.65 + 0.00 1.03 0.63 Marathon Gold* T 238 0.86 0.82 0.84 unch 0.00 1.28 0.82 Marathon Gold V 400 0.05 0.03 0.04 unch 0.00 0.16 0.03 Margaret Lake Margaux Res V 161 0.09 0.07 0.08 - 0.02 0.35 0.07 unch 0.00 0.32 0.10 Marifil Mines V 119 0.13 0.11 0.13 unch 0.00 0.17 0.01 Marifil Mines* O 60 0.10 0.08 0.10 Maritime Res V 144 0.09 0.09 0.09 - 0.01 0.14 0.07 unch 0.00 1.02 0.11 Marlin Gold V 42 0.13 0.12 0.12 unch 0.00 0.07 0.03 Martina Mnls V 195 0.04 0.04 0.04 MartinMarietta* N 3744 188.71 180.57 182.61 + 0.66 241.33 180.54 O 85 0.82 0.75 0.78 - 0.01 2.47 0.71 Mason Graphite* V 604 1.05 0.96 0.99 - 0.03 3.15 0.91 Mason Graphite 0.01 Mason Res* O 69 0.12 0.11 0.12 - 0.00 0.22 Mason Res T 454 0.17 0.15 0.17 unch 0.00 0.29 0.14 V 13 0.16 0.16 0.16 unch 0.00 0.32 0.15 Matachewan Con 0.07 Matica Ent* O 195 0.14 0.12 0.14 + 0.01 0.64 Matica Ent 5870 0.19 0.16 0.18 + 0.01 0.81 0.09 unch 0.00 0.08 0.01 Matmown* O 1 0.02 0.02 0.02 O 1 0.00 0.00 0.00 unch 0.00 0.00 0.00 Maudore Mnrls* 1.03 Maverix Mtls* O 20 1.88 1.72 1.72 - 0.08 1.88 Mawson Res T 12 0.30 0.30 0.30 - 0.01 0.65 0.23 0.17 Mawson Res* O 8 0.26 0.23 0.23 - 0.00 0.48 0.10 MaxTech Vent 432 0.25 0.20 0.24 + 0.02 0.60 MaxTech Vent* O 467 0.20 0.16 0.19 - 0.01 0.48 0.07 Maxwell Res* O 4 0.00 0.00 0.00 - 0.00 0.01 0.00 10 2.16 2.03 2.03 + 0.15 2.35 0.88 Maya Gold &Sil* O Maya Gold &Sil T 163 2.85 2.56 2.56 + 0.21 3.02 1.10 V 10 0.07 0.07 0.07 + 0.01 0.18 0.04 Mazarin 0.00 MBMI Res* O 13 0.04 0.00 0.04 - 0.00 0.09 0.03 MBMI Res V 40 0.05 0.00 0.04 - 0.01 0.13 McChip Res V 8 0.74 0.74 0.74 unch 0.00 0.87 0.44 2.33 McEwen Mng T 406 2.67 2.44 2.63 + 0.11 3.28 N 5823 2.07 1.91 2.03 + 0.09 2.55 1.82 McEwen Mng* McLaren Res 897 0.05 0.03 0.03 - 0.02 0.19 0.03 0.11 MDN Inc* O 16 0.18 0.17 0.17 + 0.02 0.28 118 0.05 0.04 0.05 + 0.01 0.26 0.03 Meadow Bay Gd Meadow Bay Gd* O 180 0.03 0.00 0.03 - 0.01 0.28 0.03 2.30 Mechel* N 335 3.19 3.01 3.15 - 0.01 5.60 V 78 0.11 0.10 0.10 - 0.01 0.21 0.08 Medallion Res O 101 0.08 0.07 0.08 + 0.00 0.17 0.06 Medallion Res* Medgold Res V 329 0.29 0.27 0.27 - 0.02 0.51 0.15 O 40 0.23 0.22 0.23 + 0.01 0.38 0.12 Medgold Res* O 3390 0.00 0.00 0.00 - 0.00 0.01 0.00 Medinah Mnrls* Mega Copper V 47 0.16 0.16 0.16 unch 0.00 0.18 0.16 O 1023 0.12 0.09 0.11 + 0.02 0.19 0.08 Mega Uranium* T 6364 0.15 0.12 0.14 + 0.01 0.24 0.11 Mega Uranium Megastar Dev V 129 0.09 0.07 0.09 + 0.01 0.11 0.05 O 2 0.11 0.11 0.11 unch 0.00 0.24 0.07 MegumaGold* 0.15 MegumaGold 107 0.18 0.15 0.18 - 0.01 0.30 0.30 Melior Res V 56 0.70 0.64 0.70 - 0.03 1.50 Melior Res* O 1 0.50 0.50 0.50 unch 0.00 0.62 0.04 0.04 Melkior Res V 545 0.05 0.05 0.05 - 0.01 0.11 0.05 Meridian Mg V 7 0.13 0.00 0.12 + 0.02 1.28 Meridian Mg * O 0 0.00 0.00 0.17 unch 0.00 0.56 0.17 O 4 0.01 0.01 0.01 + 0.00 0.07 0.01 Meryllion Res* 0.02 Meryllion Res 6 0.03 0.00 0.02 - 0.01 0.21 Mesa Expl* O 50 0.04 0.04 0.04 unch 0.00 0.07 0.02 0.01 MetalCorp V 30 0.02 0.02 0.02 - 0.01 0.05 0.02 Metalex Vent V 411 0.04 0.03 0.04 + 0.01 0.10 Metalla Rylty* O 204 0.59 0.55 0.57 - 0.01 0.71 0.39 0.62 Metalla Rylty V 306 0.75 0.70 0.74 - 0.01 0.88 0.21 Metallic Mnrls V 429 0.24 0.21 0.23 + 0.01 0.50 O 118 0.18 0.16 0.18 + 0.00 0.40 0.16 Metallic Mnrls* Metallis Res V 149 0.99 0.80 0.81 - 0.13 2.75 0.80 unch 0.00 0.57 0.15 Metalo Manuf 4 0.38 0.38 0.38 O 2 2.19 1.72 2.19 + 0.47 2.47 1.16 Metalore Res* Metalore Res V 0 2.85 2.85 2.85 unch 0.00 4.20 1.77 0.03 Metals Creek* O 105 0.04 0.03 0.04 + 0.01 0.08 0.04 Metals Creek V 491 0.05 0.04 0.05 - 0.01 0.11 Metals X* O 0 0.00 0.00 0.42 unch 0.00 0.96 0.38 unch 0.00 0.82 0.46 Metanor Res V 1400 0.60 0.58 0.58 O 26 0.16 0.00 0.16 - 0.01 0.34 0.12 Mexican Gold* 0.01 Mexus Gold* O 1617 0.01 0.01 0.01 - 0.00 0.07 Mezzotin Mnrls V 130 0.02 0.01 0.01 unch 0.00 0.04 0.01 0.50 MGX Minerals 1626 0.63 0.50 0.57 - 0.04 1.96 O 1462 0.50 0.38 0.44 - 0.03 1.58 0.38 MGX Minerals* Midas Gold T 331 0.94 0.83 0.87 - 0.04 1.21 0.55 0.42 Midas Gold* O 592 0.71 0.64 0.68 - 0.02 0.95 0.66 Midland Expl V 199 0.83 0.69 0.80 + 0.11 1.17 Midnight Star 165 0.35 0.11 0.24 unch 0.00 0.25 0.10 0.12 Midnight Sun V 334 0.17 0.12 0.14 - 0.03 0.48 1.07 Millennial Lit* O 125 1.36 1.25 1.26 - 0.07 3.87 1.42 Millennial Lit V 293 1.76 1.62 1.64 - 0.08 4.80 Millrock Res* O 543 0.12 0.08 0.10 - 0.02 0.31 0.10 0.13 Millrock Res V 1038 0.16 0.12 0.13 - 0.03 0.40 40 0.06 0.06 0.06 unch 0.00 0.11 0.03 Milner Con Slv V

22

WWW.NORTHERNMINER.COM

OCTOBER 15–28, 2018 / THE NORTHERN MINER

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

Week

12-month

Exc Volume High Low Last Change High Low

Minaurum Gold V 321 Minco Silver* O 38 Minco Silver T 78 Minera Alamos * O 273 Minera Alamos V 1211 Minera IRL 54 Mineral Hill V 51 Mineral Mtn* O 627 Mineral Mtn V 4100 Mineral Res* O 3 MineralRite* O 38996 Mineworx Tech V 603 Mineworx Tech* O 173 Minfocus Expl V 41 O 200 Mining Global* Minnova Corp V 44 Minsud Res V 15 Miramont Res* O 50 Miramont Res 237 Miranda Gold V 2723 Mirasol Res V 52 Mistango River 52 MK2 Ventures V 67 MK2 Ventures * O 0 Mkango Res V 46 ML Gold* O 22 ML Gold Corp V 285 Monarca Mnrls* O 125 V 30 Monarca Mnrls Monarques Res V 269 Monarques Res* O 267 O 193 Moneta Porcpn* Moneta Porcpn T 535 14 Monitor Vent V Monitor Vent* O 7 Monster Uran* O 0 Montan Mg V 227 Montego Res 12 Montero Mg&Ex V 74 V 149 Monument Mng Morien Res* O 8 Morien Res V 470 O 80 Morumbi Res* Morumbi Res T 254 Mosaic* N 19923 14 Mount Gibson * O Mountain Boy V 274 Mountain Prov* D 206 T 979 Mountain Prov O 17 Mundoro Cap* Mundoro Cap V 378 V 257 Murchison Min MX Gold* O 678

0.52 0.47 0.50 - 0.05 0.67 0.21 0.47 0.41 0.41 - 0.01 0.77 0.34 0.61 0.53 0.54 - 0.03 0.98 0.42 0.11 0.00 0.11 + 0.02 0.16 0.07 0.14 0.11 0.12 + 0.01 0.20 0.10 0.06 0.06 0.06 - 0.01 0.14 0.06 0.19 0.00 0.19 unch 0.00 0.30 0.13 0.10 0.05 0.08 - 0.02 0.60 0.05 0.12 0.07 0.10 - 0.02 0.74 0.07 11.95 11.95 11.95 unch 0.00 16.78 7.67 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.19 0.15 0.19 + 0.02 0.40 0.06 0.15 0.12 0.15 + 0.00 0.33 0.05 0.06 0.05 0.06 + 0.02 0.42 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.68 0.67 0.68 + 0.01 0.93 0.55 0.06 0.06 0.06 unch 0.00 0.21 0.06 0.14 0.14 0.14 + 0.02 0.33 0.12 0.18 0.14 0.14 - 0.04 0.65 0.13 0.02 0.01 0.02 unch 0.00 0.06 0.01 1.44 1.30 1.30 - 0.05 2.60 1.17 0.03 0.03 0.03 - 0.01 0.07 0.01 0.39 0.00 0.35 - 0.01 0.39 0.10 0.00 0.00 0.13 unch 0.00 0.13 0.08 0.15 0.15 0.15 unch 0.00 0.24 0.05 0.06 0.04 0.04 - 0.01 0.26 0.04 0.07 0.06 0.06 unch 0.00 0.32 0.06 0.03 0.03 0.03 unch 0.00 0.11 0.02 0.04 0.04 0.04 unch 0.00 0.14 0.04 0.18 0.16 0.18 + 0.02 0.42 0.15 0.15 0.12 0.14 + 0.02 0.35 0.11 0.08 0.07 0.07 - 0.01 0.17 0.07 0.11 0.09 0.09 - 0.01 0.23 0.09 0.19 0.17 0.19 + 0.03 0.46 0.17 0.15 0.00 0.14 + 0.02 0.33 0.12 0.00 0.00 0.04 unch 0.00 0.06 0.02 0.06 0.05 0.06 unch 0.00 0.11 0.03 0.19 0.00 0.19 + 0.01 0.55 0.07 0.18 0.16 0.18 - 0.01 0.49 0.12 0.07 0.00 0.07 + 0.01 0.09 0.06 0.43 0.00 0.43 + 0.01 0.60 0.37 0.56 0.00 0.53 - 0.01 0.77 0.46 0.63 0.55 0.58 + 0.01 0.96 0.39 0.83 0.71 0.76 - 0.05 1.23 0.50 34.01 32.39 33.11 + 0.63 34.01 20.72 0.32 0.28 0.28 - 0.04 0.33 0.28 0.07 0.05 0.07 + 0.01 0.11 0.05 2.15 1.99 2.00 - 0.10 3.25 1.75 2.76 2.56 2.57 - 0.15 4.07 2.36 0.15 0.14 0.15 + 0.01 0.15 0.06 0.19 0.17 0.18 - 0.01 0.21 0.09 0.11 0.10 0.10 - 0.01 0.25 0.09 0.01 0.01 0.01 + 0.00 0.17 0.01

NA Frac Sand* O 429 NACCO Ind* N 53 Namibia Crit V 71 Namibia Crit* O 37 Napier Vent V 43 Napier Vent* O 3 245 Natural Res Pt* N Nautilus Mnrls T 509 Nautilus Mnrls* O 882 0 Navis Res Corp* O 4 Navis Res Corp Nemaska Lith T 12022 O 740 Nemaska Lith* Neo Lithium V 634 Network Expl* O 58 Network Expl V 177 O 1 Nevada Canyon* Nevada Clean M* O 336 332 Nevada Clean M V T 564 Nevada Copper Nevada Energy* O 12 Nevada Energy V 10 Nevada Expl * O 662 Nevada Expl V 913 Nevada Sunrise* O 73 V 305 Nevada Sunrise Nevada Zinc V 172 Nevado Res V 84 Nevsun Res* X 2564 Nevsun Res T 6045 New Age Metals* O 208 New Age Metals V 2810 New Carolin Gd* O 68 190 New Carolin Gd V New Destiny Mg V 112 New Dimen Res V 91 11 New Dimen Res* O New Energy Met V 401 New Energy Met* O 3 New Gold* X 11061 New Gold T 4638 New Guinea Gld* O 588 New Jersey Mng* O 305 New Milln Iron* O 1 New Milln Iron T 570 New Nadina V 305 New Nadina* O 28 New Oroperu V 1 New Pac Metals V 98 New Pac Metals* O 22 New Tech Lith* O 132 New Tech Lith 380 New World Res V 58 Newlox Gold 113 Newmac Res V 1 Newmont Mng* N 25793 Newport Expl V 217 Newport Gold* O 250 NewRange Gold* O 207 NewRange Gold V 1286 Nexa Resources T 21 Nexa Resources* N 352 Nexco Res 50 Nexgen Energy* X 1136 Nexgen Energy T 5690 NextSource Mat T 252 Nexus Gold V 627 Nexus Gold* O 65 NGEx Res* O 5 NGEx Res T 1048 Nickel Creek T 921 Nickel Creek* O 570 Nickel North V 10 Nickel One Res V 421 Nicola Mg Inc V 178 Nicola Mg Inc* O 7 Nighthawk Gold* O 78 Nighthawk Gold T 465 Niobay Metals V 103 Niocan Inc V 217 Niocorp Dev T 356 Niocorp Dev* O 600 Nippon Dragon V 1684 Nippon Dragon* O 116 Nitinat Mnls V 275 Noble Metal Gr V 117 Noble Mnl Expl* O 140 Noble Mnl Expl V 181 Noka Res* O 273 Noram Vent V 139 Noram Vent* O 2 Noranda Alum* O 53 Noront Res V 1334 Norsemont Cap 13 Nortec Mnls* O 1 Nortec Mnls V 580 North Am Nickl V 88 North Am Nickl* O 44 North Am Pall T 17 North Am Pall* O 7 North Arrow Mn* O 32 North Arrow Mn V 82 North Bay Res * O 54865 Northcliff Res T 109 Northern Uran V 661 Northisle C&G V 90 V 334 Northn Empire Norvista Cap V 40 NorZinc T 446 NorZinc* O 204 Nouveau Monde V 675 Nouveau Monde* O 20 NovaGold Res T 1090 NovaGold Res* X 6507

0.01 0.01 0.01 - 0.00 0.02 0.01 34.13 32.04 33.34 + 0.59 48.85 31.77 0.24 0.21 0.22 - 0.02 0.46 0.04 0.19 0.17 0.17 - 0.00 2.77 0.03 0.35 0.32 0.33 + 0.03 0.53 0.26 0.28 0.28 0.28 - 0.00 0.44 0.28 33.20 30.88 33.07 + 2.07 37.70 23.95 0.09 0.08 0.09 unch 0.00 0.39 0.08 0.07 0.06 0.07 - 0.01 0.31 0.06 0.00 0.00 0.28 unch 0.00 0.56 0.28 0.37 0.00 0.37 + 0.01 0.95 0.23 0.83 0.75 0.77 + 0.02 2.44 0.60 0.64 0.58 0.60 + 0.02 1.96 0.46 1.15 1.01 1.07 unch 0.00 2.75 0.91 0.24 0.24 0.24 unch 0.00 0.39 0.21 0.30 0.29 0.30 + 0.02 0.48 0.28 0.04 0.04 0.04 unch 0.00 0.22 0.04 0.04 0.03 0.03 - 0.00 0.05 0.02 0.05 0.04 0.05 unch 0.00 0.06 0.03 0.54 0.51 0.52 - 0.01 0.84 0.44 0.13 0.12 0.12 - 0.01 0.52 0.07 0.17 0.16 0.16 - 0.01 0.60 0.15 0.30 0.18 0.27 + 0.09 0.35 0.09 0.39 0.24 0.36 + 0.13 0.46 0.12 0.06 0.05 0.05 + 0.01 0.19 0.04 0.08 0.07 0.08 + 0.02 0.25 0.06 0.15 0.14 0.15 unch 0.00 0.25 0.13 0.02 0.01 0.01 - 0.01 0.05 0.01 4.53 4.45 4.47 + 0.04 4.53 1.98 5.80 5.74 5.77 + 0.04 5.85 2.50 0.06 0.04 0.04 - 0.02 0.15 0.04 0.09 0.00 0.07 - 0.02 0.19 0.05 0.23 0.19 0.23 + 0.05 0.58 0.17 0.29 0.23 0.29 + 0.05 0.77 0.20 0.19 0.14 0.18 + 0.02 0.35 0.10 0.09 0.00 0.09 unch 0.00 0.30 0.09 0.07 0.06 0.07 + 0.01 0.22 0.02 0.06 0.05 0.06 + 0.01 0.90 0.05 0.05 0.05 0.05 - 0.02 0.60 0.05 0.85 0.77 0.79 - 0.00 4.03 0.75 1.09 1.00 1.01 - 0.01 5.03 0.97 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.17 0.16 0.17 + 0.02 0.25 0.11 0.04 0.04 0.04 unch 0.00 0.10 0.04 0.06 0.05 0.06 unch 0.00 0.13 0.05 0.14 0.10 0.10 - 0.03 4.60 0.08 0.10 0.08 0.08 + 0.00 3.60 0.07 0.00 0.00 0.34 unch 0.00 0.55 0.27 1.58 1.45 1.55 - 0.01 1.70 1.21 1.22 1.20 1.22 + 0.02 1.29 0.97 0.03 0.03 0.03 unch 0.00 0.13 0.02 0.04 0.04 0.04 unch 0.00 0.17 0.03 0.18 0.00 0.18 unch 0.00 0.29 0.10 0.06 0.03 0.06 + 0.02 0.08 0.03 0.00 0.00 0.09 unch 0.00 0.09 0.06 31.59 30.02 30.58 + 0.38 42.04 29.16 0.36 0.34 0.36 + 0.01 0.38 0.22 0.03 0.03 0.03 unch 0.00 0.08 0.02 0.09 0.06 0.07 + 0.01 0.47 0.05 0.11 0.08 0.10 + 0.02 0.62 0.07 16.42 14.64 16.08 + 0.45 26.70 13.90 12.86 11.41 12.47 + 0.41 21.61 10.52 0.15 0.15 0.15 unch 0.00 0.50 0.15 2.30 2.05 2.24 + 0.19 2.85 1.65 2.95 2.60 2.89 + 0.27 3.58 2.12 0.08 0.07 0.08 unch 0.00 0.22 0.05 0.14 0.12 0.13 unch 0.00 1.10 0.12 0.10 0.09 0.10 + 0.00 0.29 0.02 0.77 0.77 0.77 unch 0.00 1.10 0.75 1.10 1.00 1.00 - 0.01 1.49 0.91 0.10 0.09 0.10 unch 0.00 0.35 0.09 0.08 0.07 0.08 - 0.01 0.30 0.07 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.03 0.02 0.02 unch 0.00 0.13 0.02 0.14 0.12 0.12 - 0.01 0.21 0.10 0.11 0.09 0.11 - 0.00 0.16 0.07 0.33 0.29 0.31 - 0.01 0.63 0.22 0.43 0.37 0.40 unch 0.00 0.76 0.30 0.25 0.21 0.22 + 0.03 0.43 0.13 0.20 0.14 0.15 - 0.10 0.33 0.06 0.65 0.55 0.55 - 0.02 0.78 0.37 0.51 0.43 0.44 + 0.01 0.62 0.29 0.03 0.02 0.02 - 0.01 0.07 0.02 0.02 0.01 0.01 - 0.00 0.05 0.01 0.08 0.08 0.08 - 0.01 0.51 0.04 0.02 0.00 0.01 - 0.01 0.04 0.01 0.07 0.06 0.06 - 0.01 0.14 0.04 0.08 0.08 0.08 unch 0.00 0.18 0.06 0.31 0.24 0.28 - 0.02 0.71 0.07 0.16 0.15 0.15 - 0.01 0.80 0.12 0.10 0.10 0.10 unch 0.00 0.64 0.09 0.03 0.00 0.03 unch 0.00 0.17 0.01 0.31 0.29 0.29 - 0.02 0.45 0.27 0.40 0.39 0.39 unch 0.00 0.47 0.32 0.03 0.03 0.03 unch 0.00 0.14 0.03 0.05 0.05 0.05 unch 0.00 0.18 0.04 0.06 0.05 0.06 unch 0.00 0.10 0.05 0.04 0.04 0.04 + 0.00 0.08 0.04 10.26 9.70 10.20 + 0.35 11.98 6.00 8.00 7.60 7.85 + 0.30 9.38 4.78 0.14 0.13 0.14 + 0.02 0.22 0.11 0.17 0.15 0.16 + 0.01 0.29 0.15 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.09 0.08 0.08 unch 0.00 0.18 0.08 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.12 0.11 0.11 + 0.01 0.21 0.09 1.28 1.24 1.25 unch 0.00 1.62 0.77 0.11 0.10 0.10 - 0.01 0.15 0.08 0.12 0.11 0.11 unch 0.00 0.21 0.11 0.09 0.08 0.09 unch 0.00 0.17 0.08 0.31 0.27 0.29 - 0.01 0.54 0.25 0.24 0.21 0.22 + 0.00 0.42 0.18 5.28 4.67 5.21 + 0.44 6.47 4.33 4.09 3.64 4.00 + 0.29 5.05 3.35

N-O

(100s) Stock

Week

(100s) Stock

12-month

Exc Volume High Low Last Change High Low

Novo Res* O 491 Novo Res V 1009 NQ Minerals Pl* O 5 NRG Metals* O 2275 NRG Metals V 3416 V 170 Nrthn Graphite Nrthn Graphite* O 178 20 Nrthn Mnrls &E* O Nrthn Shield V 5096 Nrthn Superior* O 947 V 935 Nrthn Superior Nrthn Vertex* O 35 Nrthn Vertex V 363 V 4 NSGold 552 NSS Res Inc Nthn Dynasty T 701 X 4694 Nthn Dynasty* O 17 Nthrn Sphere* Nthrn Sphere 354 Nubian Res V 277 V 873 NuLegacy Gold O 886 NuLegacy Gold* Nunavik Nickel V 2 T 3942 Nutrien N 6807 Nutrien* NV Gold* O 70 NV Gold V 501 NX Uranium* O 40 NxGold Ltd* O 98 NxGold Ltd V 662 Nyrstar NV* O 1 O.T. Mining* O 17 OceanaGold* O 5 OceanaGold T 5517 419 Oceanic Iron O V Oceanic Iron O* O 8 Oceanus Res V 125 Odyssey Res V 10 OK2 Minerals V 989 Olivut Res V 201 Olivut Res* O 4 10 Omineca Mg &Ml V One World Lith 143 Opawica Expl V 428 59 Opus One Res V Orbite Tech* O 5 Orca Gold V 230 Orca Gold* O 87 V 531 Orefinders Res Orestone Mng V 368 Orex Mnrls* O 63 Orex Mnrls V 228 Orezone Gold V 145 O 90 Orezone Gold* Orford Mining V 39 Organic Potash 94 OrganiMax V 67 OrganiMax* O 3 Origin Gold V 59 Original Sixtn* O 0 Orla Mng Ltd V 9604 33 Orla Mng Ltd* O Oro East Mg* O 51 Oroco Res V 136 Oroco Res* O 14 Orocobre T 177 Oronova Energy V 561 Oroplata Res* O 609 Orosur Mng T 1661 Orsu Metals V 34 Orsu Metals* O 1 Orvana Mnrls T 175 Orvana Mnrls* O 63 Osino Res V 75 Osisko Gold* N 1795 Osisko Gold T 1184 Osisko Metals* O 21 Osisko Metals V 271 Osisko Mng Inc T 5173 Osprey Gold V 260 Otis Gold V 445 Otis Gold* O 104 OZ Minerals* O 4

2.57 2.05 2.08 - 0.39 7.00 1.98 3.25 2.64 2.72 - 0.50 8.74 2.45 0.25 0.25 0.25 unch 0.00 0.25 0.17 0.19 0.14 0.15 - 0.02 0.49 0.14 0.23 0.19 0.19 - 0.03 0.62 0.18 0.30 0.25 0.30 + 0.03 0.70 0.24 0.23 0.19 0.21 + 0.01 0.55 0.19 0.06 0.05 0.05 unch 0.00 0.10 0.02 0.04 0.03 0.03 - 0.01 0.05 0.02 0.03 0.03 0.03 unch 0.00 0.04 0.02 0.04 0.03 0.03 - 0.01 0.05 0.03 0.26 0.24 0.24 - 0.00 0.58 0.22 0.33 0.31 0.31 - 0.02 0.70 0.27 0.12 0.00 0.12 - 0.01 0.15 0.02 0.44 0.30 0.34 + 0.02 1.39 0.06 0.78 0.69 0.70 - 0.02 2.99 0.55 0.60 0.54 0.55 - 0.01 2.34 0.43 0.05 0.04 0.05 + 0.01 0.15 0.03 0.07 0.05 0.06 + 0.01 0.45 0.05 0.15 0.15 0.15 unch 0.00 0.34 0.12 0.19 0.18 0.19 - 0.01 0.23 0.13 0.15 0.13 0.14 + 0.01 0.18 0.11 0.00 0.00 0.11 unch 0.00 0.15 0.08 75.32 74.00 75.07 + 0.49 76.17 55.27 58.79 57.50 58.02 + 0.32 58.81 40.41 0.12 0.09 0.09 - 0.06 0.92 0.09 0.16 0.00 0.12 - 0.02 1.22 0.11 0.02 0.01 0.01 - 0.00 0.03 0.01 0.11 0.10 0.10 + 0.00 0.25 0.10 0.15 0.12 0.13 - 0.01 0.40 0.11 2.60 2.60 2.60 unch 0.00 8.25 2.60 0.10 0.00 0.10 unch 0.00 0.20 0.04 3.00 2.92 3.00 + 0.05 3.12 2.23 3.98 3.81 3.83 - 0.07 4.19 2.92 0.06 0.05 0.05 - 0.01 0.16 0.05 0.05 0.05 0.05 unch 0.00 0.11 0.03 0.18 0.15 0.17 + 0.02 0.36 0.13 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.02 0.02 0.02 unch 0.00 0.12 0.02 0.09 0.07 0.09 unch 0.00 0.20 0.07 0.06 0.06 0.06 - 0.02 0.15 0.06 0.03 0.03 0.03 unch 0.00 0.05 0.03 0.15 0.14 0.14 - 0.01 0.20 0.10 0.07 0.05 0.05 - 0.02 0.25 0.05 0.05 0.04 0.05 + 0.01 0.12 0.04 0.02 0.02 0.02 - 0.00 0.06 0.00 0.52 0.47 0.48 - 0.03 0.78 0.43 0.40 0.36 0.37 - 0.01 0.63 0.32 0.07 0.06 0.06 unch 0.00 0.17 0.06 0.16 0.10 0.14 + 0.01 0.15 0.06 0.13 0.09 0.10 + 0.01 0.15 0.05 0.17 0.12 0.13 + 0.01 0.18 0.08 0.65 0.57 0.65 + 0.04 1.02 0.57 0.51 0.44 0.48 + 0.02 0.82 0.42 0.26 0.22 0.22 unch 0.00 0.70 0.16 0.03 0.02 0.03 + 0.01 0.08 0.01 0.10 0.08 0.09 unch 0.00 0.32 0.07 0.07 0.07 0.07 unch 0.00 0.20 0.06 0.10 0.08 0.10 + 0.02 0.19 0.08 0.00 0.00 0.17 unch 0.00 0.20 0.05 1.50 1.22 1.49 + 0.23 1.85 1.08 1.14 0.97 1.14 + 0.17 1.48 0.83 0.00 0.00 0.00 + 0.00 0.01 0.00 0.22 0.19 0.19 unch 0.00 0.31 0.02 0.17 0.15 0.15 unch 0.00 0.24 0.03 4.31 3.84 4.01 + 0.16 7.36 3.28 0.11 0.09 0.11 + 0.02 0.22 0.06 0.17 0.13 0.15 + 0.01 0.42 0.06 0.18 0.14 0.15 - 0.01 0.28 0.02 0.23 0.19 0.23 + 0.06 0.29 0.14 0.18 0.18 0.18 + 0.05 0.22 0.12 0.17 0.15 0.16 + 0.01 0.28 0.13 0.13 0.12 0.12 + 0.00 0.23 0.10 0.27 0.21 0.24 + 0.03 0.64 0.20 7.89 7.54 7.68 + 0.09 13.35 7.29 10.14 9.66 9.95 + 0.15 16.65 9.49 0.51 0.47 0.51 + 0.04 0.80 0.39 0.66 0.61 0.65 + 0.03 1.34 0.51 2.80 2.28 2.68 + 0.33 4.65 1.60 0.06 0.05 0.05 - 0.01 0.19 0.04 0.16 0.14 0.16 unch 0.00 0.33 0.13 0.12 0.11 0.12 - 0.00 0.26 0.10 6.94 0.00 6.94 + 0.28 8.02 5.97

Pac Bay Mnrls V 124 13 Pac Booker Min* O Pac Booker Min V 15 Pac Imperial V 96 52 Pac Iron Ore V Pac Ridge Expl V 274 30 Pac Ridge Expl* O Pac Wildcat* O 82 V 156 Pacific Empire Pacific Rim 634 Pacific Rim* O 107 Pacific Silk V 53 Pacton Gold V 2260 O 777 Paladin Energy* V 142 Palamina Corp Palamina Corp* O 92 O 3 Palladon Vent* Pan Am Silver T 1114 Pan Am Silver* D 6125 Pan Andean Min V 206 Pan Global Res V 1003 V 331 Pancontinental Pancontinental* O 25 Panex Res* O 0 Pangolin Dia V 25 Panoro Mnrls V 5161 O 2 PanTerra Gold* V 926 Pantheon Vent V 207 Para Resources Parallel Mng V 107 60 Parallel Mng * O X 191 Paramount Gold* Paringa Res* O 546 Parlane Res V 23 Pasinex Res 163 Patriot Gold* O 326 N 5867 Peabody Enrgy* O 7 Pelangio Expl* Pelangio Expl V 139 Pele Mtn Res* O 261 O 75 Peloton Mnrls* Peloton Mnrls 165 Perseus Mng T 461 99 Pershing Gold T D 1622 Pershing Gold* O 47 Pershing Res* Peruvian Metal* O 44 V 19 Peruvian Metal O 0 Petra Diamonds* Philex Mng* O 52 Philippine Mtl V 25 61 Pine Cliff En* O Pine Cliff En T 248 1 Pinecrest Res * O Pinecrest Res V 45 Pistol Bay Mng* O 133 Pistol Bay Mng V 164 Pivit Explor 164 2 PJSC Polyus Gd* O PJX Res V 100 Plata Latina V 248 Plate Res V 69 Plateau Energy V 494 O 108 Plateau Energy* Platinex Inc 442 Platinum Gp Mt* X 5282 Platinum Gp Mt T 1314 Plato Gold V 234 Playfair Mng V 21 Playfair Mng* O 6 PolyMet Mng* X 840 PolyMet Mng T 25 Portage Res* O 2562 Portofino Res V 834 O 117 Potash Ridge* Potash Ridge T 486 Power Metals* O 194 Power Metals V 870 PowerOre V 39 PPX Mining* O 88 PPX Mining V 1178 O 50 Precipitate Gl* Precipitate Gl V 33 Premier Gold M T 1608

0.03 0.02 0.03 unch 0.00 0.06 0.02 0.72 0.65 0.72 + 0.07 1.10 0.55 0.99 0.91 0.98 + 0.07 1.35 0.70 0.03 0.03 0.03 unch 0.00 0.07 0.01 0.08 0.07 0.07 - 0.01 0.23 0.03 0.07 0.00 0.05 - 0.01 0.07 0.04 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.15 0.06 0.12 + 0.06 0.39 0.00 0.11 0.08 0.08 - 0.01 0.20 0.08 0.17 0.12 0.14 - 0.02 1.59 0.12 0.13 0.10 0.10 - 0.02 1.25 0.10 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.40 0.31 0.37 - 0.02 1.02 0.06 0.18 0.14 0.15 + 0.00 0.50 0.01 0.40 0.35 0.36 + 0.01 0.47 0.16 0.30 0.27 0.29 - 0.02 0.37 0.12 0.00 0.00 0.00 - 0.00 0.01 0.00 19.45 18.72 18.83 - 0.21 24.22 18.00 15.16 14.49 14.55 - 0.21 18.75 13.97 0.07 0.00 0.06 - 0.01 0.13 0.03 0.25 0.19 0.20 + 0.01 0.30 0.14 0.06 0.06 0.06 - 0.01 0.09 0.02 0.05 0.05 0.05 unch 0.00 0.07 0.01 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.05 0.05 unch 0.00 0.08 0.04 0.31 0.28 0.28 unch 0.00 0.48 0.13 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.08 0.07 0.07 - 0.02 0.15 0.07 0.19 0.16 0.19 + 0.02 0.25 0.13 0.05 0.04 0.04 - 0.01 0.10 0.03 0.04 0.04 0.04 unch 0.00 0.05 0.04 1.19 1.05 1.06 unch 0.00 1.64 1.01 0.18 0.15 0.17 - 0.01 0.45 0.12 0.10 0.00 0.09 unch 0.00 0.30 0.05 0.12 0.10 0.11 + 0.01 0.32 0.08 0.09 0.06 0.07 - 0.00 0.11 0.04 37.04 35.00 36.30 + 0.66 47.84 28.08 0.18 0.11 0.18 + 0.07 0.14 0.02 0.25 0.16 0.25 + 0.08 0.60 0.12 0.08 0.03 0.03 - 0.00 0.28 0.02 0.07 0.07 0.07 unch 0.00 0.12 0.05 0.09 0.09 0.09 unch 0.00 0.15 0.03 0.37 0.32 0.35 + 0.01 0.50 0.25 2.08 1.64 1.88 + 0.27 4.02 1.06 1.55 1.24 1.43 + 0.22 3.23 0.80 0.02 0.01 0.01 unch 0.00 0.09 0.01 0.05 0.03 0.05 + 0.01 0.08 0.03 0.06 0.06 0.06 unch 0.00 0.10 0.05 0.00 0.00 0.44 unch 0.00 1.10 0.41 0.05 0.03 0.04 + 0.01 0.19 0.03 0.08 0.08 0.08 + 0.01 0.15 0.06 0.28 0.26 0.28 + 0.05 0.50 0.21 0.37 0.32 0.35 + 0.04 0.63 0.27 0.17 0.17 0.17 + 0.00 0.25 0.14 0.22 0.22 0.22 unch 0.00 0.38 0.19 0.05 0.05 0.05 + 0.00 0.08 0.03 0.06 0.06 0.06 + 0.01 0.18 0.04 0.13 0.12 0.13 + 0.02 0.19 0.08 37.50 0.00 36.00 - 1.00 50.23 29.00 0.23 0.19 0.19 + 0.02 0.25 0.11 0.04 0.03 0.04 + 0.01 0.05 0.03 0.08 0.06 0.07 - 0.01 0.10 0.04 1.18 1.05 1.12 + 0.06 1.69 0.27 0.91 0.82 0.89 + 0.09 1.27 0.21 0.10 0.08 0.09 - 0.01 0.30 0.05 0.19 0.17 0.18 + 0.01 0.58 0.08 0.25 0.22 0.24 unch 0.00 0.72 0.12 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.03 0.00 0.02 unch 0.00 0.09 0.02 0.01 0.00 0.01 unch 0.00 0.06 0.01 1.05 0.93 0.94 - 0.08 1.36 0.58 1.32 1.19 1.20 - 0.13 1.66 0.72 0.00 0.00 0.00 + 0.00 0.00 0.00 0.05 0.04 0.04 - 0.01 0.19 0.04 0.05 0.04 0.04 - 0.01 0.13 0.04 0.06 0.06 0.06 - 0.01 0.17 0.05 0.20 0.17 0.18 - 0.00 0.70 0.16 0.26 0.23 0.23 - 0.01 0.88 0.22 0.08 0.00 0.08 + 0.01 0.45 0.07 0.08 0.07 0.07 + 0.00 0.08 0.05 0.10 0.09 0.10 + 0.01 0.11 0.06 0.03 0.03 0.03 unch 0.00 0.10 0.03 0.05 0.04 0.05 unch 0.00 0.14 0.04 1.85 1.69 1.79 + 0.04 3.96 1.69

P-Q

Week

12-month

Exc Volume High Low Last Change High Low

Premium Expl* O 250 Pretium Res* N 11293 Pretium Res T 3552 Primary Energy 173 Prism Res V 31 Prize Mng* O 115 Prize Mng V 1139 ProAm Expl V 41 O 356 Probe Metals* Probe Metals V 212 Prog Planet V 2506 Prog Planet* O 175 Promithian Gl * O 1 O 924 Prophecy Coal* T 4629 Prophecy Coal O 1 Prospect Glob* Prospector Res* O 83 V 794 Prospector Res Prosper Gold V 129 Prospero Silvr V 266 O 8 Prospero Silvr* Provenance Gld 109 Providence V 90 O 43 Providence Gld* PUF Vent Inc 2670 PUF Vent Inc * O 204 Puma Expl V 565 Pure Energy* O 1007 627 Pure Energy V Pure Gold Mg* O 117 483 Pure Gold Mg V Pure Nickel* O 1000 Pure Nickel V 249 V 2857 Purepoint Uran Q-Gold Res* O 1 Q-Gold Res V 220 QC Precious V 199 QMC Quantum Ml* O 868 QMC Quantum Ml V 726 QMX Gold V 333 QMX Gold* O 10 Quadro Res V 10 Quantum Cobalt 177 0 Quartz Mtn Res V 0 Quartz Mtn Res* O Quaterra Res V 180 Quaterra Res* O 102 Quest Rare Mnl* O 150 Quinto Res V 132

0.00 0.00 0.00 unch 0.00 0.02 0.00 8.61 7.50 8.15 + 0.54 12.44 6.17 11.08 9.62 10.56 + 0.74 15.52 7.93 0.08 0.07 0.07 - 0.01 0.15 0.03 0.04 0.04 0.04 + 0.01 0.19 0.03 0.11 0.09 0.10 - 0.00 0.38 0.09 0.14 0.12 0.13 + 0.01 0.48 0.12 0.03 0.03 0.03 unch 0.00 0.04 0.02 0.93 0.88 0.88 - 0.05 1.25 0.77 1.25 1.13 1.14 - 0.06 1.56 1.03 0.08 0.04 0.07 + 0.02 0.20 0.04 0.03 0.03 0.03 unch 0.00 0.15 0.03 0.01 0.00 0.01 - 0.00 0.10 0.01 0.23 0.11 0.23 + 0.13 4.00 0.09 0.30 0.13 0.29 + 0.17 0.50 0.11 0.02 0.02 0.02 unch 0.00 0.14 0.02 0.60 0.40 0.60 + 0.16 0.83 0.38 0.79 0.72 0.74 - 0.02 1.15 0.48 0.07 0.06 0.07 unch 0.00 0.15 0.06 0.08 0.07 0.08 + 0.01 0.22 0.07 0.06 0.05 0.05 - 0.01 0.18 0.05 0.21 0.15 0.19 - 0.02 0.40 0.08 0.13 0.12 0.13 + 0.01 0.25 0.09 0.11 0.10 0.10 - 0.02 0.15 0.08 1.39 1.11 1.21 - 0.09 2.09 0.38 1.08 0.87 0.93 - 0.06 1.85 0.30 0.06 0.05 0.06 unch 0.00 0.13 0.05 0.12 0.09 0.11 + 0.02 0.50 0.07 0.15 0.12 0.15 + 0.03 0.57 0.09 0.44 0.40 0.42 - 0.01 0.56 0.36 0.55 0.50 0.54 - 0.01 0.71 0.46 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.02 0.01 0.01 - 0.01 0.05 0.01 0.08 0.06 0.08 + 0.01 0.10 0.06 0.17 0.17 0.17 unch 0.00 0.17 0.06 0.22 0.21 0.21 unch 0.00 0.30 0.10 0.28 0.26 0.27 + 0.01 0.60 0.25 0.27 0.20 0.25 + 0.04 1.46 0.14 0.34 0.27 0.32 + 0.05 1.85 0.18 0.08 0.07 0.07 unch 0.00 0.32 0.07 0.06 0.05 0.05 + 0.00 0.25 0.05 0.05 0.05 0.05 unch 0.00 0.15 0.04 0.15 0.00 0.14 - 0.01 1.90 0.13 0.00 0.00 0.78 unch 0.00 1.50 0.65 0.00 0.00 0.69 unch 0.00 1.20 0.00 0.06 0.06 0.06 - 0.01 0.09 0.05 0.05 0.05 0.05 - 0.01 0.07 0.03 0.00 0.00 0.00 - 0.00 0.02 0.00 0.06 0.06 0.06 - 0.01 0.14 0.05

Rackla Mtls* O 1 Rackla Mtls V 1 Radisson Mng V 66 Radius Gold V 354 O 9 Rainforest Res* Rainy Mtn Royl* O 600 320 Rainy Mtn Royl V 376 Rambler Ml &Mg V 0 Randgold Res* O Randgold Res* D 5027 O 5 Randsburg Int* V 129 Randsburg Intl Rare Element* O 216 V 729 Rathdowney Res Ravencrest Res 2646 RB Energy* O 2 Red Eagle Mng T 450 Red Eagle Mng* O 246 289 Red Moon Res V Red Pine Expl V 695 Redstar Gold V 137 Redstar Gold* O 246 Redzone Res V 120 O 6 Redzone Res* Regency Gold V 855 Regulus Res V 135 O 316 Renaissance Gd* V 635 Renaissance Gd Renforth Res 967 Resolve Vent V 276 V 413 Resource Cap O 12 Resource Cap* Reunion Gold V 2107 Revelo Res V 792 80 Revival Gold * O Revival Gold V 104 V 375 Richmond Mnls V 100 Ridgestone M’g Rift Valley 78 Riley Resource V 54 O 144683 Rimrock Gold* Rio Silver V 67 Rio Tinto* N 11611 O 3 Rio Tinto* O 0 Rio Tinto* Rise Gold Corp 1446 River Wild Exp 185 Riverside Res V 196 O 75 Riverside Res* Rizal Res V 308 RJK Explor V 81 RJK Explor* O 0 Robex Res V 151 V 64 Rochester Res O 0 Rochester Res* 3 Rock Tech Lith* O Rock Tech Lith V 63 Rockcliff Met V 189 Rockcliff Met* O 117 Rockex Mng 8 V 470 Rockhaven Res V 317 Rockridge Res Rockshield Cap* O 52 Rockshield Cap 566 V 3 Rockwealth Res Rodinia Lithm V 91 Rogue Res* O 8 Rogue Res V 66 O 30 Rokmaster Res* Rokmaster Res V 99 722 Romios Gold Rs V Romios Gold Rs* O 759 RosCan Gold V 70 Rosita Mg Corp V 1826 Rotation Mnls V 312 V 3 Roughrider Exp Rover Metals V 633 T 4816 Roxgold Roxgold* O 204 Royal Gold* D 2650 18 Royal Mines &M* O 82316 Royal Nickel T Royal Nickel* O 6122 Royal Rd Mnrls V 2101 Royal Std Mnrl* O 193 RT Minerals V 15 RT Minerals* O 1 RTG Mining T 464 O 112 Rubicon Mnrls* Rubicon Mnrls T 159 Rugby Mng V 494 182 Running Fox Rs V Rupert Res V 201 Rusoro Mng* O 1 Rusoro Mng V 620

0.09 0.09 0.09 - 0.02 0.13 0.07 0.00 0.00 0.12 unch 0.00 0.17 0.09 0.10 0.09 0.10 unch 0.00 0.25 0.09 0.15 0.14 0.15 + 0.02 0.19 0.09 8.00 7.50 8.00 unch 0.00 9.45 3.50 0.01 0.01 0.01 unch 0.00 0.08 0.01 0.03 0.00 0.03 - 0.01 0.10 0.02 0.07 0.05 0.05 - 0.01 0.18 0.03 70.55 0.00 70.55 unch 0.00 101.90 62.16 73.27 70.12 71.22 + 0.67 104.05 59.90 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.01 0.01 0.01 + 0.01 0.02 0.01 0.14 0.11 0.14 + 0.01 0.44 0.08 0.12 0.09 0.11 - 0.01 0.21 0.09 1.09 0.87 0.94 - 0.04 2.10 0.38 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.09 0.08 0.09 - 0.01 0.36 0.06 0.08 0.07 0.07 - 0.00 0.29 0.05 0.10 0.06 0.08 - 0.03 0.16 0.04 0.05 0.05 0.05 - 0.01 0.14 0.04 0.04 0.03 0.04 + 0.01 0.11 0.03 0.03 0.01 0.02 + 0.00 0.09 0.02 0.16 0.16 0.16 unch 0.00 0.75 0.10 0.13 0.11 0.11 - 0.01 0.57 0.08 0.22 0.00 0.22 unch 0.00 0.28 0.12 1.82 1.66 1.72 - 0.12 2.35 1.52 0.16 0.13 0.15 + 0.01 0.34 0.13 0.20 0.16 0.18 - 0.02 0.43 0.16 0.03 0.03 0.03 - 0.01 0.06 0.03 0.11 0.08 0.11 + 0.02 1.04 0.07 0.03 0.03 0.03 unch 0.00 0.15 0.02 0.02 0.02 0.02 unch 0.00 0.12 0.01 0.23 0.19 0.20 + 0.01 0.23 0.11 0.02 0.01 0.02 + 0.01 0.06 0.01 0.61 0.54 0.56 - 0.03 0.73 0.42 0.79 0.69 0.72 - 0.04 0.99 0.54 0.04 0.04 0.04 - 0.01 0.10 0.04 0.27 0.27 0.27 unch 0.00 0.32 0.19 0.08 0.07 0.08 + 0.01 0.15 0.05 0.41 0.34 0.41 + 0.07 0.34 0.10 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.04 0.05 + 0.01 0.07 0.04 51.87 49.32 49.80 - 1.22 60.72 45.62 49.54 0.00 49.50 - 0.70 60.00 45.06 55.04 0.00 55.04 - 0.26 65.30 50.48 0.07 0.05 0.05 - 0.01 0.21 0.05 0.50 0.45 0.50 + 0.20 0.50 0.02 0.19 0.17 0.19 + 0.01 0.36 0.17 0.15 0.13 0.14 + 0.00 0.42 0.13 0.03 0.02 0.02 unch 0.00 0.06 0.01 0.13 0.13 0.13 unch 0.00 0.23 0.05 0.10 0.10 0.10 unch 0.00 0.13 0.03 0.11 0.11 0.11 + 0.01 0.12 0.08 0.03 0.00 0.03 unch 0.00 0.09 0.03 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.75 0.74 0.74 - 0.01 1.66 0.72 1.09 0.89 0.95 - 0.02 2.16 0.84 0.12 0.11 0.11 + 0.01 0.36 0.08 0.08 0.07 0.08 + 0.01 0.10 0.07 0.03 0.03 0.03 unch 0.00 0.09 0.01 0.13 0.13 0.13 - 0.01 0.18 0.12 0.28 0.23 0.25 + 0.03 0.50 0.21 0.13 0.12 0.13 + 0.00 0.67 0.11 0.17 0.15 0.16 unch 0.00 0.84 0.15 0.12 0.00 0.12 unch 0.00 0.30 0.12 0.09 0.08 0.08 - 0.01 0.46 0.08 0.13 0.13 0.13 unch 0.00 0.43 0.13 0.18 0.00 0.18 + 0.02 0.53 0.15 0.06 0.06 0.06 unch 0.00 0.09 0.02 0.13 0.11 0.11 - 0.02 0.28 0.07 0.09 0.08 0.09 + 0.01 0.09 0.05 0.07 0.06 0.07 + 0.01 0.07 0.03 0.08 0.07 0.08 + 0.01 0.10 0.05 0.04 0.03 0.03 - 0.01 0.12 0.02 0.09 0.09 0.09 unch 0.00 0.40 0.07 0.12 0.12 0.12 unch 0.00 0.58 0.12 0.06 0.05 0.05 unch 0.00 0.11 0.04 0.85 0.79 0.81 - 0.01 1.44 0.79 0.67 0.62 0.64 + 0.01 1.13 0.61 79.28 75.72 76.37 - 0.69 98.53 71.91 0.01 0.01 0.01 unch 0.00 0.01 0.00 0.98 0.68 0.80 - 0.09 1.18 0.07 0.76 0.53 0.62 - 0.06 0.90 0.05 0.09 0.09 0.09 unch 0.00 0.18 0.08 0.00 0.00 0.00 + 0.00 0.01 0.00 0.07 0.07 0.07 unch 0.00 0.90 0.07 0.05 0.05 0.05 unch 0.00 0.13 0.00 0.10 0.10 0.10 - 0.01 0.55 0.09 1.06 1.00 1.03 + 0.01 1.47 0.81 1.35 1.28 1.32 unch 0.00 1.88 1.05 0.23 0.18 0.23 + 0.04 0.50 0.18 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.99 0.91 0.99 + 0.04 1.46 0.68 0.06 0.06 0.06 - 0.01 0.10 0.05 0.09 0.08 0.09 unch 0.00 0.13 0.06

Sabina Gd&Slvr T 1318 O 389 Sabina Gd&Slvr* Sable Res* O 242 Sable Res V 571 Sailfish Rylty V 23 Saint Jean V 1196 Salazar Res* O 4 Salazar Res V 268 59 Salt Lake Pot* O Sama Res V 491 Sama Res* O 159 Samco Gold V 10 Samex Mng* O 10 48 San Gold Corp* O 26 San Marco Res* O 224 San Marco Res V Sanatana Diam V 362 Sandfire Res V 44 Sandfire Res* O 373 Sandspring Res* O 91 V 190 Sandspring Res T 1238 Sandstorm Gold Sandstorm Gold* X 4076 Sandy Lake Gld* O 200 446 Sandy Lake Gld V Santa Fe Gold* O 379 V 140 Santacruz Silv

1.29 1.15 1.21 + 0.01 2.62 1.11 1.00 0.90 0.94 + 0.01 2.00 0.85 0.19 0.16 0.17 + 0.00 0.23 0.12 0.26 0.21 0.24 + 0.02 0.35 0.13 1.00 0.87 1.00 unch 0.00 3.07 0.75 0.04 0.03 0.03 + 0.01 0.24 0.02 0.10 0.09 0.09 - 0.01 0.12 0.08 0.13 0.12 0.12 unch 0.00 0.18 0.11 0.37 0.33 0.37 + 0.05 0.47 0.32 0.31 0.28 0.31 + 0.01 0.50 0.18 0.23 0.21 0.23 + 0.00 0.41 0.17 0.03 0.03 0.03 unch 0.00 0.11 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.13 0.12 0.12 - 0.01 0.23 0.09 0.17 0.15 0.16 - 0.01 0.30 0.12 0.03 0.02 0.03 - 0.01 0.07 0.02 0.09 0.00 0.09 unch 0.00 0.11 0.06 0.07 0.06 0.06 - 0.01 0.10 0.05 0.20 0.18 0.18 + 0.00 0.32 0.14 0.26 0.24 0.25 + 0.01 0.40 0.19 5.08 4.75 4.99 + 0.18 6.95 4.62 3.94 3.71 3.84 + 0.11 5.64 3.52 0.05 0.05 0.05 unch 0.00 0.10 0.03 0.08 0.07 0.07 unch 0.00 0.13 0.04 0.09 0.05 0.08 + 0.01 0.20 0.05 0.10 0.09 0.09 - 0.01 0.17 0.08

R

S

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Sarama Res V 600 Sarissa Res* O 1583 Satori Res V 203 Satori Res* O 30 Saturn Mnrls V 1173 Savary Gold V 55 Savary Gold* O 5 Saville Res V 28 Scandium Intl T 1888 O 134 Scandium Intl* Scorpio Gold V 74 ScoZinc Mg V 21 ScoZinc Mg* O 0 Seabridge Gld T 880 Seabridge Gld* N 2114 Seafield Res* O 102 Search Mnls V 426 Search Mnls* O 0 Searchlight* O 194 Searchlight V 1059 Searchlight* O 0 Secova Mtls* O 56 Secova Mtls V 69 Sego Res V 37 Select Sands V 2329 T 2333 Semafo Senator Mnrls V 33 V 55 Sennen Potash Serabi Gold T 76 Serabi Gold* O 0 Serengeti Res V 974 Shamrock Ent 126 O 0 Shear Diamonds* Sherritt Intl T 3106 V 41 Shoshoni Gold 16484 N Sibanye-Stillw* O 1 Sibanye-Stillw* O 637 Sidney Resrces* Sienna Res* O 11 Sienna Res V 172 Sierra Metals* X 267 Sierra Metals T 31 V 100 Sigma Lithium O 365 Signature Res* Signature Res V 122 251 Silver Bear Rs T 29 Silver Bear Rs* O Silver Bull Re* O 2391 Silver Bull Re T 1237 Silver Grail V 235 Silver Hill* O 1 Silver Predatr V 5 O 0 Silver Predatr* Silver Range V 98 Silver Range* O 8 Silver Spruce V 578 O 1 Silver Spruce* O 1 Silver Stream* Silver Viper* O 3 Silver Viper V 115 T 1336 Silvercorp Met X 1949 Silvercorp Met* SilverCrest Mt V 1176 X 778 SilverCrest Mt* O 26 Silverstar Res* Sirios Res* O 48 Sirios Res V 145 Sitka Gold 29 Skeena Res V 349 Skeena Res* O 121 O 197 Skyharbour Res* V 487 Skyharbour Res Slam Explor* O 0 Slam Explor V 24 O 155 Sojourn Explor* V 183 Sojourn Explor O 45 Sokoman Iron* Sokoman Iron V 6036 SolGold plc* O 73 SolGold plc T 352 T 51 Solitario Ex&R X 414 Solitario Ex&R* Solstice Gold V 562 258 Sonora Gld & S V Sonoro Mtls V 103 South32* O 63 Southern Arc V 2 Southern Arc* O 0 N 4327 Southern Copp* O 79 Southern Silvr* Southern Silvr V 165 T 10 SouthGobi Res 941 Spanish Mtn Gd V Spanish Mtn Gd* O 212 Sparton Res V 3098 Sparton Res* O 25 O 174 Spearmint Res* V 1843 Spearmint Res Spearmint Res 1452 Spey Resources 228 Sphinx Res V 846 26 Sprott Res Hl* O 69 Sprott Res Hld T 226 Spruce Ridge R V SRG Graphite V 148 SSR Mining* D 2675 SSR Mining T 732 St Augustine T 338 45 St Elias Mns* O O 117 St-Georges Eco* St-Georges Eco 1634 O 2 Stakeholdr Gld* V 9 Stakeholdr Gld O 1543 Standard Graph* Standard Lith V 671 O 1119 Standard Metal* Stans Energy V 844 O 979 Stans Energy* O 192 Star Diamond* Star Diamond T 3143 Star Gold* O 0 Starcore Intl T 86 O 0 Steele Oceanic* Stellar Africa* O 0 Stellar Africa V 49 Stelmine Can V 26 Steppe Gold T 71 Sterling Grp* O 76 T 1657 Stornoway Diam O 41 Stornoway Diam* Stratabd Mnr V 286 Strateco Res* O 75 O 105 Strategic Metl* Strategic Metl V 93 Strategic Res V 11 O 1 Strategic Res* Stria Lithium V 695 V 241 Strikepoint Gd O 16 Strikepoint Gd* V 296 Strongbow Expl O 2 Strongbow Expl* Stroud Res V 253 Sulliden Mng T 147 Sun Metals V 675 Suncor Energy T 16859 N 20495 Suncor Energy* V 493 Sunvest Mnrls O 4 Sunvest Mnrls* O 145 Superior Gold* Superior Gold V 191 Superior Mng V 174 Supreme Metals 623 35 Surge Copper * O Surge Copper V 165 Surge Explor* O 14 Surge Explor V 21 Sutter Gold* O 201 Sutter Gold V 320 Syrah Res* O 220

0.06 unch 0.00 0.15 0.07 0.06 0.06 0.00 0.00 0.00 0.00 + 0.00 0.01 0.05 0.08 0.00 0.08 + 0.02 0.15 0.05 unch 0.00 0.11 0.06 0.06 0.06 0.11 0.29 0.25 0.27 - 0.01 0.29 0.04 unch 0.00 0.08 0.04 0.04 0.04 0.03 unch 0.00 0.06 0.03 0.03 0.03 0.05 0.06 0.00 0.06 + 0.01 0.16 0.32 0.24 0.27 - 0.01 0.35 0.13 0.11 0.24 0.18 0.19 - 0.03 0.28 0.02 0.02 0.02 0.02 - 0.01 0.05 0.57 0.79 0.00 0.79 + 0.06 1.65 0.62 unch 0.00 1.33 0.00 0.00 0.62 12.61 17.39 16.32 17.20 + 0.49 17.89 13.46 12.72 13.29 + 0.34 13.80 9.80 0.00 0.00 0.00 0.00 + 0.00 0.03 0.03 0.05 0.04 0.05 - 0.01 0.09 0.04 unch 0.00 0.07 0.04 0.04 0.04 0.01 0.02 0.01 0.02 - 0.00 0.05 0.03 0.06 0.00 0.04 - 0.02 0.23 0.01 unch 0.00 0.16 0.00 0.00 0.03 0.01 0.05 0.05 0.05 - 0.00 0.10 0.06 0.08 0.06 0.07 - 0.01 0.45 0.04 0.04 0.04 0.04 + 0.01 0.09 0.12 0.16 0.14 0.14 - 0.03 0.69 2.73 3.18 3.02 3.05 + 0.01 4.14 0.04 0.06 0.00 0.06 + 0.01 1.85 0.30 unch 0.00 0.79 0.45 0.45 0.45 0.66 0.76 0.00 0.75 - 0.01 1.60 0.03 unch 0.00 0.82 0.00 0.00 0.65 0.12 0.15 0.14 0.15 + 0.01 0.22 0.03 0.05 0.04 0.04 - 0.01 0.08 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.77 0.83 0.77 0.77 - 0.02 1.87 0.04 0.07 0.00 0.07 + 0.02 0.08 2.02 2.83 2.51 2.70 + 0.21 5.44 0.58 unch 0.00 1.34 0.70 0.70 0.70 0.00 0.00 0.00 0.00 - 0.00 0.01 0.04 0.06 0.05 0.05 - 0.01 0.32 0.06 0.07 0.06 0.07 - 0.01 0.39 2.13 2.70 2.50 2.68 + 0.16 3.00 2.68 3.48 3.23 3.47 + 0.22 3.85 0.95 2.27 2.09 2.15 - 0.13 2.40 0.04 unch 0.00 0.11 0.08 0.07 0.07 0.05 0.10 0.08 0.10 + 0.01 0.14 0.21 0.18 0.18 - 0.01 0.32 0.12 0.15 0.13 0.13 + 0.00 0.26 0.09 0.11 0.09 0.10 - 0.01 0.23 0.08 0.14 0.12 0.12 - 0.02 0.29 0.10 0.05 0.05 0.05 0.05 - 0.01 0.11 0.10 unch 0.00 0.25 0.18 0.18 0.18 0.07 unch 0.00 0.19 0.10 0.10 0.10 0.05 unch 0.00 0.14 0.00 0.00 0.06 0.11 0.15 0.11 0.12 - 0.01 0.19 0.09 0.09 0.09 0.09 - 0.00 0.15 0.03 unch 0.00 0.08 0.03 0.03 0.03 0.01 0.01 0.00 0.01 - 0.00 0.06 0.01 unch 0.00 6.96 6.96 6.96 6.96 0.12 unch 0.00 0.12 0.10 0.10 0.10 0.09 0.14 0.12 0.13 - 0.01 0.25 2.72 3.17 2.95 2.99 - 0.17 4.02 2.12 2.47 2.30 2.30 - 0.17 3.12 1.05 3.43 3.10 3.31 + 0.16 3.58 0.84 2.90 2.40 2.90 + 0.45 2.90 0.02 unch 0.00 2.75 0.10 0.10 0.10 0.12 0.01 0.32 0.13 0.12 0.12 - 0.15 0.17 0.16 0.16 - 0.01 0.41 0.08 0.11 0.11 0.11 + 0.02 0.30 0.29 0.50 0.00 0.47 + 0.01 0.80 0.23 0.38 0.36 0.36 + 0.00 0.66 0.24 0.44 0.41 0.43 - 0.00 0.44 0.31 unch 0.00 0.57 0.57 0.52 0.56 0.01 unch 0.00 0.05 0.00 0.00 0.02 0.03 0.03 0.03 0.03 - 0.01 0.07 0.08 unch 0.00 0.21 0.10 0.10 0.10 0.07 0.12 0.08 0.11 - 0.01 0.29 0.02 0.15 0.14 0.14 + 0.00 0.45 0.03 0.20 0.17 0.18 + 0.02 0.58 0.27 0.49 0.47 0.49 + 0.03 0.55 0.32 0.65 0.60 0.61 - 0.02 0.69 0.43 0.47 0.43 0.44 - 0.03 0.91 0.33 0.37 0.33 0.34 - 0.01 0.74 0.15 0.20 0.19 0.19 - 0.01 0.38 0.08 0.07 0.08 unch 0.00 0.20 0.07 0.07 0.09 0.08 0.09 + 0.01 0.20 2.35 2.98 0.00 2.95 + 0.15 3.10 0.31 unch 0.00 0.90 0.00 0.00 0.32 0.24 unch 0.00 0.65 0.00 0.00 0.28 39.18 44.15 41.35 42.27 - 0.87 58.09 0.12 0.15 0.12 0.13 - 0.01 0.31 0.15 0.19 0.15 0.17 + 0.01 0.38 0.10 unch 0.00 0.27 0.12 0.00 0.12 0.07 0.06 0.06 - 0.01 0.14 0.06 0.07 0.04 0.06 + 0.00 0.12 0.04 0.03 0.07 0.04 0.07 + 0.03 0.14 0.02 0.05 0.03 0.05 + 0.02 0.11 0.00 0.04 0.00 0.02 + 0.01 0.11 0.02 unch 0.00 0.14 0.03 0.03 0.03 0.02 0.03 0.03 0.03 + 0.01 0.14 0.09 unch 0.00 0.16 0.09 0.09 0.09 0.04 0.07 0.00 0.06 + 0.01 0.08 1.15 1.13 1.14 - 0.00 1.53 1.04 1.50 1.45 1.48 - 0.02 3.40 1.40 0.04 0.04 0.04 unch 0.00 0.06 0.01 0.70 1.20 1.05 1.12 - 0.08 2.25 9.13 8.62 8.91 + 0.20 11.44 7.64 11.75 11.05 11.55 + 0.32 14.62 9.66 0.02 0.03 0.02 0.02 - 0.01 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.05 0.04 0.04 - 0.01 2.20 0.02 0.06 0.05 0.06 - 0.01 2.90 0.05 0.09 0.00 0.09 - 0.01 0.45 0.06 0.13 0.00 0.12 - 0.01 0.64 0.18 0.95 0.82 0.87 - 0.04 1.13 0.80 1.77 1.43 1.60 - 0.06 2.85 0.02 unch 0.00 0.23 0.13 0.10 0.13 0.03 0.03 0.03 0.03 + 0.01 0.05 0.01 0.03 0.02 0.02 + 0.00 0.04 0.12 0.25 0.23 0.24 + 0.00 0.25 0.15 0.34 0.28 0.31 + 0.02 0.34 0.05 unch 0.00 0.11 0.00 0.00 0.06 0.10 unch 0.00 0.32 0.12 0.10 0.10 0.55 unch 0.00 1.98 0.00 0.00 0.55 0.03 unch 0.00 0.05 0.03 0.03 0.03 0.03 0.04 0.03 0.03 - 0.01 0.07 0.12 0.14 0.13 0.13 - 0.01 0.45 0.86 1.24 1.00 1.15 - 0.04 2.01 0.03 unch 0.00 0.10 0.03 0.03 0.03 0.33 0.41 0.36 0.37 - 0.03 0.80 0.25 0.30 0.30 0.30 + 0.00 0.64 0.01 unch 0.00 0.08 0.06 0.04 0.05 0.00 unch 0.00 0.01 0.01 0.01 0.01 0.26 0.31 0.28 0.28 - 0.01 0.43 0.35 0.40 0.37 0.38 - 0.03 0.52 0.10 unch 0.00 0.27 0.16 0.00 0.16 0.12 0.18 0.00 0.12 - 0.08 0.20 0.03 0.03 0.03 0.03 - 0.01 0.08 0.15 0.19 0.18 0.18 - 0.01 0.29 0.11 0.15 0.14 0.15 + 0.01 0.23 0.12 0.14 0.00 0.13 + 0.01 0.28 0.09 0.09 0.09 0.09 + 0.01 0.22 0.01 0.00 0.03 unch 0.01 0.01 0.01 0.17 0.20 0.00 0.18 + 0.01 0.65 0.12 0.18 0.13 0.16 + 0.02 0.40 40.49 51.78 50.08 50.68 + 0.70 55.47 31.33 40.08 39.07 39.17 + 0.48 42.55 0.05 0.05 0.05 0.05 + 0.01 0.14 0.03 unch 0.00 0.18 0.03 0.03 0.03 0.69 0.84 0.76 0.76 - 0.03 1.28 0.85 1.07 0.99 1.00 - 0.01 1.62 0.04 0.06 0.06 0.06 - 0.01 0.09 0.02 0.03 0.03 0.03 + 0.01 0.08 0.07 0.07 0.07 unch 0.00 0.21 0.07 0.07 0.10 0.07 0.09 - 0.01 0.26 0.09 0.11 0.10 0.10 - 0.01 0.36 0.13 unch 0.00 0.28 0.13 0.13 0.13 0.01 0.01 0.01 0.01 - 0.00 0.03 0.01 unch 0.00 0.03 0.02 0.01 0.02 1.51 1.80 1.51 1.55 - 0.13 3.85

13818 Tahoe Res* N Tahoe Res T 5906 Taiga Gold 500 Taiga Gold* O 377 Tajiri Res V 193 Taku Gold* O 75 Taku Gold 1926 Talmora Diamd 268 Talon Metals T 48 O 50 Tamerlane Vent* 16744 O Tamino Mnrls* V 25 Tanager Energy Tango Mining V 1179 V 1074 Tanqueray Expl

2.55 2.93 2.72 2.80 + 0.01 5.63 3.36 3.75 3.48 3.64 + 0.07 7.27 0.08 0.12 0.00 0.10 - 0.01 0.21 0.07 0.09 0.07 0.07 - 0.01 0.16 0.05 unch 0.00 0.18 0.09 0.08 0.08 0.02 0.12 0.06 0.07 + 0.01 0.12 0.04 0.15 0.08 0.10 + 0.02 0.17 0.01 unch 0.00 0.06 0.02 0.02 0.02 0.05 unch 0.00 0.12 0.09 0.00 0.08 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.05 unch 0.00 0.15 0.05 0.05 0.05 0.02 unch 0.00 0.06 0.03 0.02 0.02 0.33 0.97 0.80 0.88 - 0.07 1.32

T

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / OCTOBER 15–28, 2018

Week

12-month

Exc Volume High Low Last Change High Low

Tantalex Res 731 Tanzania Mnls V 18 Tanzania Rlty* X 537 Tanzania Rlty T 67 Taranis Res* O 10 Taranis Res V 445 Tarku Res V 270 Tartisan Nick* O 0 Tartisan Nick 697 Tasca Res V 258 Tasca Res* O 65 Taseko Mines T 523 X 781 Taseko Mines* Teck Res T 7465 T 8 Teck Res Teck Res* N 17514 1 Telson Res * O Telson Res V 75 Tembo Gold V 333 Tembo Gold* O 89 Teranga Gold T 752 O 232 Teranga Gold* Teras Res V 2343 Teras Res* O 600 Terraco Gold V 21 Terrax Mnrls* O 35 Terrax Mnrls V 236 Terreno Res V 53 Teslin Rvr Res V 400 Tesoro Mnrls V 0 Tethyan Res V 164 Teuton Res V 211 Teuton Res* O 39 Texas Mineral* O 283 Themac Res V 85 Thor Expl V 125 1 Thunder Mtn Gd V 23 Thunder Mtn Gd* O Thunderstruck V 1619 O 51 Thunderstruck* Tiger Intl V 1 Till Capital V 115 V 151 Timberline Res Timberline Res* O 184 Timmins Gold T 706 X 950 Timmins Gold* Tinka Res V 729 Tinka Res* O 191 Titan Mining T 110 Titan Mining* O 13 Titanium Corp V 28 O 135 TMAC Resource* 464 TMAC Resources T TNR Gold V 373 Toachi Mg Inc* O 400 52 Toachi Mg Inc V Tolima Gold V 2307 TomaGold V 335 Tombstone Expl* O 601 O 16 Tonogold Res* O 93 Torex Gold* Torex Gold T 1550 V 176 Torq Resources Torq Resources* O 68 Tower Res* O 7 Tower Res V 151 V 68 Transatlan Mng Transition Mtl V 356 Treasury Metal T 349 O 108 Treasury Metal* Trecora Res* N 119 Tres-Or Res V 588

0.09 0.07 0.08 + 0.01 0.25 0.06 0.25 0.21 0.21 unch 0.00 1.20 0.12 0.40 0.35 0.38 + 0.02 0.68 0.24 0.52 0.45 0.49 + 0.03 0.89 0.31 0.08 0.08 0.08 unch 0.00 0.11 0.03 0.12 0.07 0.07 unch 0.00 0.14 0.06 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.00 0.00 0.04 unch 0.00 0.09 0.04 0.06 0.04 0.05 - 0.01 0.16 0.04 0.04 0.04 0.04 - 0.01 0.62 0.04 0.03 0.03 0.03 unch 0.00 0.38 0.03 1.04 0.99 1.02 unch 0.00 2.98 0.90 0.84 0.77 0.80 - 0.00 2.46 0.68 32.49 29.97 31.10 - 0.03 39.08 25.89 32.03 30.46 30.64 - 0.60 39.00 26.35 25.33 23.19 24.02 - 0.08 30.80 20.06 0.40 0.40 0.40 - 0.05 0.74 0.33 0.55 0.46 0.46 - 0.10 1.00 0.41 0.02 0.02 0.02 + 0.01 0.05 0.01 0.02 0.02 0.02 - 0.00 0.03 0.01 4.05 3.51 3.88 + 0.30 5.63 2.36 3.14 2.73 2.98 + 0.12 4.33 1.83 0.06 0.04 0.05 - 0.01 0.14 0.04 0.04 0.04 0.04 + 0.00 0.11 0.04 0.08 0.00 0.08 unch 0.00 0.10 0.07 0.32 0.28 0.29 + 0.02 0.48 0.25 0.40 0.36 0.37 - 0.01 0.59 0.33 0.04 0.04 0.04 unch 0.00 0.18 0.04 0.50 0.46 0.48 - 0.02 0.67 0.33 0.00 0.00 0.06 unch 0.00 0.12 0.05 0.20 0.17 0.20 + 0.05 0.48 0.15 0.17 0.15 0.15 - 0.01 0.25 0.15 0.12 0.11 0.11 - 0.01 0.19 0.12 0.23 0.17 0.22 + 0.04 0.35 0.10 0.06 0.06 0.06 unch 0.00 0.10 0.03 0.18 0.16 0.18 unch 0.00 0.22 0.09 0.00 0.00 0.17 unch 0.00 0.30 0.14 0.12 0.09 0.12 + 0.01 0.22 0.08 0.06 0.04 0.06 + 0.01 0.12 0.04 0.04 0.03 0.04 - 0.00 0.15 0.03 0.00 0.00 0.10 unch 0.00 0.17 0.04 2.56 0.00 2.50 + 0.44 5.60 1.90 0.12 0.11 0.12 + 0.02 0.41 0.08 0.11 0.00 0.10 + 0.01 0.32 0.06 1.07 0.93 0.95 - 0.08 5.68 0.81 0.84 0.71 0.73 - 0.07 4.64 0.63 0.37 0.35 0.36 - 0.02 0.87 0.34 0.30 0.27 0.27 - 0.00 0.75 0.26 1.34 1.19 1.19 - 0.15 1.65 0.92 1.05 0.95 0.95 - 0.08 1.05 0.96 0.85 0.73 0.85 + 0.12 1.50 0.70 3.92 3.71 3.91 + 0.37 9.24 3.07 5.07 4.59 5.00 + 0.31 11.50 3.95 0.05 0.04 0.04 unch 0.00 0.09 0.03 0.07 0.06 0.06 unch 0.00 0.28 0.06 0.12 0.11 0.11 unch 0.00 0.33 0.09 0.01 0.00 0.01 unch 0.00 0.06 0.01 0.06 0.05 0.06 unch 0.00 0.09 0.05 0.00 0.00 0.00 + 0.00 0.01 0.00 0.10 0.00 0.09 - 0.02 0.40 0.00 9.29 8.29 9.21 + 0.72 16.49 5.73 12.07 10.60 11.90 + 0.93 20.93 7.29 0.37 0.35 0.35 - 0.01 0.70 0.35 0.30 0.27 0.28 + 0.01 1.10 0.26 0.03 0.03 0.03 unch 0.00 0.12 0.03 0.04 0.04 0.04 - 0.01 0.17 0.04 0.03 0.00 0.03 + 0.01 0.10 0.03 0.13 0.10 0.13 unch 0.00 0.20 0.10 0.32 0.27 0.29 - 0.03 0.71 0.27 0.26 0.21 0.21 - 0.04 0.65 0.22 14.40 13.13 13.32 - 0.68 15.60 10.25 0.03 0.00 0.02 - 0.02 0.07 0.02

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Trevali Mng* O 274 Trevali Mng T 4788 38 Tri Origin Exp V Trifecta Gold V 89 Trifecta Gold* O 50 Trigen Res* O 399 Trilogy Mtls T 17 Trilogy Mtls* X 452 TriMetals Mng* O 124 O 67 TriMetals Mng* TriMetals Mng T 85 Trinity Res* O 8 Trinity Valley V 30 Trio Resources* O 4 TriStar Gold* O 112 TriStar Gold V 4 Triumph Gold V 304 O 133 Triumph Gold* Troilus Gold V 12 Troilus Gold* O 0 V 377 Troubadour Res Troy Enrgy V 102 Troy Res* O 200 Troymet Expl V 564 108 True Grit Res V True North Gem V 1024 V 368 Trueclaim Expl O 2 Trueclaim Expl* Tsodilo Res V 67 18 Tudor Gold * O Tudor Gold V 245 17259 Turquoise HIl T 29718 Turquoise HIl* N TVI Pacific* O 21 TVI Pacific V 100 Typhoon Expl V 38

0.61 0.56 0.57 - 0.01 1.37 0.45 0.79 0.73 0.73 unch 0.00 1.75 0.59 0.02 0.02 0.02 - 0.01 0.04 0.02 0.07 0.06 0.06 - 0.01 0.18 0.06 0.06 0.00 0.06 + 0.00 0.14 0.04 0.37 0.32 0.34 - 0.02 1.01 0.22 2.65 2.41 2.51 - 0.10 2.79 0.90 2.01 1.89 1.93 - 0.07 2.12 0.69 0.08 0.06 0.06 - 0.01 0.18 0.04 0.19 0.15 0.19 + 0.01 0.21 0.11 0.10 0.09 0.09 - 0.01 0.23 0.06 0.02 0.00 0.02 + 0.01 0.10 0.01 0.04 0.04 0.04 unch 0.00 0.16 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.10 0.10 0.10 unch 0.00 0.27 0.10 0.16 0.00 0.16 unch 0.00 0.33 0.11 0.63 0.57 0.58 + 0.03 0.80 0.26 0.49 0.43 0.48 + 0.05 0.60 0.20 0.95 0.00 0.95 unch 0.00 2.25 0.85 0.00 0.00 0.57 unch 0.00 1.59 0.57 0.25 0.18 0.25 + 0.05 0.23 0.12 0.04 0.04 0.04 - 0.01 0.11 0.04 0.08 0.08 0.08 unch 0.00 0.13 0.06 0.01 0.01 0.01 - 0.01 0.02 0.01 0.04 0.03 0.04 + 0.01 0.07 0.03 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.13 0.11 0.13 + 0.01 0.30 0.07 0.08 0.08 0.08 unch 0.00 0.17 0.01 0.36 0.27 0.28 unch 0.00 0.68 0.27 0.18 0.15 0.18 + 0.03 0.58 0.15 0.24 0.22 0.22 - 0.01 0.74 0.20 2.79 2.61 2.61 - 0.14 4.52 2.62 2.18 2.01 2.03 - 0.09 3.59 2.03 0.01 0.01 0.01 + 0.01 0.02 0.00 0.02 0.01 0.02 + 0.01 0.02 0.01 0.04 0.04 0.04 - 0.01 0.10 0.04

U.S. Gold* D 203 U.S. Lithium* O 2402 U3O8 Corp* O 34 U3O8 Corp T 129 Ubique Mineral 25 UC Res* O 1 376 Ucore Rare Mtl V Ucore Rare Mtl* O 680 UEX Corp T 5774 Ultra Lithium* O 8 Ultra Lithium V 43 O 101 Umbral Enrgy* Unigold* O 5 Unigold V 35 O 12 United Battery* United Battery 291 42 United Res Hdg* O United Silver* O 307 United States A* X 542 United States S* N 45843 Unity Energy V 60 V 1565 Universal Vent V 67 Upper Canyon Ur-Energy T 722 Ur-Energy* X 4557 671 Uragold Bay Rs V X 11021 Uranium Energy* O 0 Uranium Hunter* Uranium Res* D 4917 Uravan Mnrls V 381 USCorp* O 153 N 132846 Vale* Valley High Mg* O 2577

1.10 1.03 1.04 - 0.02 3.27 0.97 0.02 0.02 0.02 + 0.00 0.05 0.01 0.23 0.22 0.23 - 0.01 0.49 0.18 0.32 0.29 0.32 + 0.02 0.60 0.23 0.25 0.00 0.25 unch 0.00 0.25 0.11 0.00 0.00 0.00 unch 0.00 0.20 0.00 0.19 0.17 0.19 - 0.01 0.31 0.17 0.15 0.13 0.14 + 0.00 0.26 0.13 0.23 0.19 0.21 + 0.02 0.41 0.15 0.13 0.12 0.12 - 0.01 0.63 0.12 0.17 0.17 0.17 - 0.01 0.80 0.15 0.22 0.19 0.22 + 0.01 0.64 0.11 0.11 0.11 0.11 - 0.00 0.21 0.11 0.17 0.15 0.16 + 0.01 0.29 0.15 1.06 0.74 0.78 + 0.04 1.06 0.65 1.01 0.95 1.01 + 0.04 1.00 0.40 0.04 0.03 0.04 + 0.01 0.07 0.00 0.01 0.00 0.00 + 0.00 0.01 0.00 0.90 0.71 0.74 - 0.11 1.05 0.20 30.91 28.84 29.40 - 1.08 47.64 24.45 0.19 0.17 0.17 - 0.02 0.26 0.10 0.42 0.36 0.39 - 0.04 0.63 0.31 0.34 0.29 0.34 + 0.09 0.40 0.13 1.09 0.99 1.00 - 0.05 1.19 0.62 0.85 0.75 0.80 - 0.00 0.93 0.50 0.09 0.08 0.08 + 0.01 0.14 0.07 1.63 1.52 1.55 - 0.17 2.00 0.96 1.01 0.00 1.01 - 0.49 2.09 0.26 0.27 0.20 0.22 + 0.01 1.38 0.16 0.03 0.03 0.03 - 0.01 0.08 0.03 0.01 0.01 0.01 + 0.00 0.02 0.00 16.13 14.70 15.01 + 0.17 16.13 9.53 0.01 0.00 0.00 - 0.00 0.04 0.00

U-V

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

O 5 ValOre Metals* ValOre Metals V 77 Valoro Res V 292 Valterra Res* O 309 Valterra Res V 246 O 15 Vanadian Enrgy* V 1177 Vanadian Enrgy V 2762 Vanadium One O 604 Vanadiumcorp* Vangold Res V 1997 Vangold Res* O 582 Vanstar Mng Rs* O 427 Vanstar Mng Rs V 1441 Vantex Res* O 1 Vantex Res V 0 Vatic Vent V 528 Vatic Vent* O 32 N 2155 Vedanta* O 16 Velocity Mnrls* Velocity Mnrls V 76 O 150 Vendetta Mng* Vendetta Mng V 679 V 2 Venerable Vent O 40 Venture Mnrls* Verde Potash T 156 Verde Res* O 98 Veris Gold* O 10 Vertical Expl V 254 Victoria Gold V 1467 Victory Nickel 53 Victory Res V 18 Victory Res* O 8 Virginia Enrgy V 28 O 37 Virginia Enrgy* Viscount Mng V 134 16 Visible Gold M V 0 Visible Gold M* O Vision Lithium V 378 O 4 Vision Lithium* Vista Gold* X 593 Vista Gold T 28 Viva Gold* O 50 Viva Gold V 61 Volcanic Gold V 25 Volt Energy V 134 Voltaic Min V 22 Voyageur Min V 183 O 87 VR Resources* VR Resources V 353 Vulcan Mnrls V 118 VVC Expl V 503

0.28 0.32 0.29 0.32 + 0.02 0.48 0.37 0.47 0.38 0.42 + 0.03 1.25 0.12 0.15 0.13 0.15 + 0.01 0.65 0.01 0.02 0.01 0.02 - 0.00 0.05 0.02 unch 0.00 0.06 0.03 0.02 0.02 0.01 0.08 0.00 0.08 + 0.06 0.09 0.06 unch 0.00 0.16 0.10 0.03 0.10 0.04 0.12 0.09 0.12 + 0.03 0.13 0.01 0.11 0.07 0.08 - 0.02 0.15 0.04 0.05 0.04 0.04 - 0.01 0.25 0.03 0.04 0.03 0.03 - 0.00 0.20 0.09 0.08 0.08 - 0.01 0.10 0.08 0.13 0.09 0.10 - 0.03 0.13 0.06 0.04 0.12 0.12 0.12 + 0.00 0.24 0.21 unch 0.00 0.58 0.00 0.00 0.21 0.07 0.09 0.00 0.08 - 0.01 0.32 0.02 0.06 0.02 0.06 - 0.01 0.64 11.58 13.23 12.21 12.27 - 0.53 21.99 0.09 unch 0.00 0.23 0.12 0.11 0.11 0.13 0.16 0.15 0.15 - 0.01 0.34 0.13 0.15 0.14 0.15 + 0.00 0.22 0.16 0.20 0.18 0.20 + 0.01 0.28 0.09 unch 0.00 0.14 0.13 0.13 0.13 0.02 unch 0.00 0.04 0.02 0.02 0.02 0.39 0.67 0.56 0.56 - 0.08 1.26 0.00 0.01 0.01 0.01 - 0.00 0.08 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.08 0.10 0.09 0.10 + 0.01 0.40 0.30 0.39 0.35 0.38 + 0.03 0.53 0.03 unch 0.00 0.07 0.04 0.00 0.03 0.13 unch 0.00 0.65 0.23 0.23 0.23 0.11 unch 0.00 0.19 0.18 0.18 0.18 0.09 0.27 0.00 0.27 + 0.02 0.33 0.07 0.21 0.18 0.21 + 0.01 0.25 0.18 0.23 0.19 0.23 + 0.04 0.40 0.07 0.00 0.07 + 0.01 0.18 0.06 0.04 0.04 0.04 unch 0.00 0.14 0.04 0.19 0.23 0.20 0.21 - 0.01 0.79 0.16 0.21 0.18 0.18 - 0.03 0.62 0.45 0.53 0.48 0.53 + 0.03 0.87 0.60 0.68 0.61 0.67 + 0.02 1.12 0.24 unch 0.00 0.40 0.30 0.30 0.30 0.21 0.45 0.37 0.42 + 0.01 0.69 0.08 0.09 0.09 0.09 - 0.01 0.40 0.08 0.11 0.00 0.09 + 0.01 0.96 0.15 0.15 0.15 0.15 + 0.01 0.90 0.05 0.08 0.06 0.07 - 0.02 0.15 0.13 0.15 0.13 0.13 - 0.02 0.35 0.17 unch 0.00 0.43 0.19 0.18 0.18 0.04 0.05 0.05 0.05 - 0.01 0.07 0.03 0.03 0.03 0.03 - 0.01 0.07

Walker Lane* O 5 Walker River V 175 33707 T Wallbridge Mng Warrior Gold* O 51 Warrior Gold V 203 Waseco Res V 175 Wealth Mnrls V 983 Wealth Mnrls* O 791 V 468 Wescan Gldflds O 327 Wesdome Gold* T 1918 Wesdome Gold West Af Res V 1925 83 West High Yld V West Kirkland V 199 West Kirkland * O 117 20 West Red Lake* O 53 West Red Lake O 63 Western Areas*

0.05 unch 0.00 0.40 0.30 0.30 0.30 0.05 0.06 0.05 0.06 + 0.01 0.12 0.06 0.35 0.25 0.30 + 0.08 0.35 0.03 0.08 0.05 0.08 - 0.01 0.17 0.05 0.11 0.08 0.09 + 0.01 0.22 0.03 unch 0.00 0.07 0.04 0.04 0.04 0.51 0.61 0.51 0.61 + 0.03 2.34 0.40 0.48 0.40 0.48 + 0.02 1.85 0.01 unch 0.00 0.12 0.05 0.00 0.05 1.28 3.15 2.71 2.77 + 0.05 3.79 1.64 3.89 3.46 3.57 + 0.03 3.89 0.28 0.27 0.28 + 0.02 0.50 0.26 0.20 3.80 0.01 - 0.39 0.39 0.32 0.05 0.06 0.05 0.05 - 0.01 0.09 0.05 0.04 0.04 - 0.01 0.07 0.03 0.05 0.04 0.04 + 0.00 0.13 0.03 0.07 0.06 0.07 + 0.02 0.16 0.05 1.64 1.94 1.90 1.94 - 0.06 2.82

W-Z

(100s) Stock

Week

23

12-month

Exc Volume High Low Last Change High Low

Western Atlas V 197 T 171 Western Copper Western Copper* X 114 4 Western Pac Rs V Western Pac Rs* O 2 T 37 Western Potash Western Res* O 2 Western U&V 386 Western U&V* O 1068 Westhaven Vent V 2198 O 319 Westhaven Vent* O 471 Westkam Gold* Westkam Gold V 3338 V 100 Westminster Rs Westmoreland* O 354 Wheaton Prec M T 4691 Wheaton Prec M* N 12876 White Energy* O 28 White Gold* O 231 White Gold V 2121 White Metal R* O 182 440 White Metal Rs V White Mtn Engy* O 132 V 30 Whitemud Res Wildsky Res* O 1 Wildsky Res V 32 O 201 Winston Gold* Winston Gold 260 Winston Res 192 Wolfden Res* O 77 Wolfden Res V 663 Wolfeye Res V 175 Wolverine Mnls* O 7 V 67 Wolverine Mnls Worldwide Res V 16 WPC Res* O 38 WPC Res V 243 X-Terra Res* O 0 X-Terra Res V 120 Xander Res V 5 Xiana Mng V 34 Xiana Mng* O 4 Ximen Mng* O 16 Ximen Mng V 152 Xtierra V 21 Xtra-Gold Res T 87 O 8 Xtra-Gold Res* Yamana Gold T 7998 N 44725 Yamana Gold* Yellowhead Mng* O 1 V 9 Yellowhead Mng Yorbeau Res T 48 Yorbeau Res* O 750 12 You Han Data* O Zadar Vent * O 5 Zadar Vent V 1158 Zanzibar Gold 5 Zara Res 9 Zara Res* O 1 Zena Mng V 32 O 47 Zenyatta Vent* Zenyatta Vent V 331 Zephyr Mnls* O 70 Zephyr Mnls V 88 Zimtu Capital V 53 Zinc One Res V 1039 91 Zinc One Res * O Zincore Mtls V 165 ZincX Res V 376 ZincX Res* O 35 Zonte Mtls V 279

0.10 0.08 0.10 + 0.05 0.32 0.05 0.89 0.87 0.89 + 0.01 1.55 0.84 0.73 0.67 0.70 + 0.02 1.24 0.62 0.25 0.25 0.25 unch 0.00 0.30 0.10 0.12 0.00 0.12 + 0.07 0.19 0.01 0.29 0.28 0.28 - 0.01 0.58 0.27 0.21 0.21 0.21 unch 0.00 0.35 0.21 3.32 2.49 3.27 + 0.78 3.05 0.44 2.70 1.87 2.54 + 0.64 2.36 2.09 0.32 0.23 0.30 + 0.06 0.31 0.08 0.24 0.19 0.23 + 0.01 0.24 0.06 0.01 0.01 0.01 + 0.00 0.04 0.01 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.08 0.08 0.08 unch 0.00 0.25 0.07 0.15 0.11 0.12 - 0.01 2.83 0.07 22.51 21.69 22.09 - 0.51 29.93 19.87 17.55 16.84 17.05 - 0.45 22.87 15.18 0.30 0.30 0.30 unch 0.00 0.30 0.11 1.44 0.97 1.32 + 0.26 1.44 0.46 2.00 1.24 1.68 + 0.41 2.00 0.54 0.09 0.08 0.08 - 0.01 0.19 0.05 0.12 0.10 0.11 - 0.02 0.25 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.08 0.00 0.08 + 0.00 0.77 0.08 0.14 0.11 0.14 unch 0.00 1.01 0.10 0.04 0.03 0.03 - 0.00 0.09 0.02 0.05 0.04 0.04 - 0.01 0.09 0.03 0.07 0.07 0.07 unch 0.00 0.24 0.07 0.24 0.20 0.24 + 0.02 0.56 0.17 0.33 0.27 0.31 + 0.03 0.68 0.23 0.76 0.70 0.74 - 0.02 1.64 0.70 0.07 0.07 0.07 + 0.00 0.12 0.06 0.12 0.09 0.12 + 0.03 0.17 0.07 0.03 0.00 0.03 unch 0.00 0.09 0.01 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.00 0.00 0.11 unch 0.00 0.23 0.11 0.13 0.13 0.13 unch 0.00 0.30 0.11 0.12 0.12 0.12 unch 0.00 0.29 0.09 0.43 0.00 0.43 unch 0.00 0.70 0.08 0.33 0.33 0.33 unch 0.00 0.55 0.06 0.12 0.12 0.12 unch 0.00 0.44 0.10 0.18 0.17 0.18 + 0.01 0.25 0.13 0.05 0.05 0.05 unch 0.00 0.08 0.02 0.25 0.25 0.25 - 0.01 0.30 0.18 0.21 0.00 0.21 + 0.02 0.23 0.11 3.35 3.14 3.22 unch 0.00 4.69 3.03 2.61 2.45 2.50 + 0.01 3.80 2.30 0.10 0.10 0.10 unch 0.00 0.37 0.10 0.13 0.00 0.12 + 0.01 0.70 0.10 0.03 0.00 0.03 - 0.01 0.10 0.03 0.02 0.02 0.02 - 0.00 0.06 0.02 1.45 0.75 1.00 + 0.25 2.80 0.75 0.06 0.06 0.06 unch 0.00 0.08 0.02 0.05 0.05 0.05 - 0.01 0.13 0.03 0.12 0.12 0.12 unch 0.00 0.15 0.10 0.09 0.00 0.09 unch 0.00 0.24 0.07 0.04 0.00 0.04 - 0.04 0.17 0.04 0.05 0.05 0.05 unch 0.00 0.18 0.05 0.39 0.33 0.34 - 0.00 0.72 0.33 0.50 0.43 0.43 + 0.01 0.96 0.42 0.17 0.15 0.15 - 0.02 0.28 0.15 0.22 0.18 0.19 - 0.02 0.34 0.20 0.23 0.21 0.21 - 0.02 0.40 0.22 0.13 0.11 0.11 unch 0.00 0.55 0.10 0.10 0.08 0.08 - 0.01 0.45 0.08 0.06 0.03 0.05 unch 0.00 0.35 0.03 0.43 0.35 0.35 - 0.06 0.75 0.24 0.31 0.27 0.27 - 0.04 0.56 0.19 0.38 0.29 0.36 + 0.07 0.33 0.12

BID-ASK — OCTOBER 1–5, 2018

STOCK

55 North 66 Resources African Metals Aguila Amer Gd Alba Minerals Alchemist Mng Alderon Iron* Alexandra Cap Allante Potash ALQ Gold Altan Nev Mnls Altitude Res Amador Gold Amanta Res Anglo-Bomarc Angus Ventures Antioquia Gold Antler Hill Arch Coal* Archon Mineral Arian Res Arrowstar Res AsiaBaseMetals Atlantic Ind Atlatsa Res* Aurcana Corp AurCrest Gold Aurelius Min AXE Expl Banro Corp* Barolo Vent Bearclaw Cap Bell Copper Belvedere Res Benz Mining Bethpage Cap BHK Mining Bird River Res Black Bull Res Black Mam Mtls Blackheath Res Bluenose Gold Boss Power Brunswick Res Buffalo Coal Bullman Mnls Cairo Res Canada Coal Canex Energy Canoe Mng Vent Caracara Silvr Cartier Iron Cdn Intl Mnrls Cdn Platinum Cdn Silvr Hunt Century Global Chantrell Vent Chilean Metals Chinapintza Mg Cliffs Nat Res* Clydesdale Res CMX Gold & Sil Colombia Crest Comet Inds Contintl Prec Copper Reef Mg Cresval Cap Cyntar Venture Cyprium Mng Damara Gold Dawson Gold Eastern Zinc Edgewater Expl Electra Stone Endurance Gold Essex Minerals Eureka Res European Metal Evolving Gold Excalibur Res

12-MONTH

EXC BID ASK LAST HIGH

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

0.02 0.02 0.02 0.17 0.25 0.17 0.27 0.06 0.09 0.06 0.18 0.22 0.18 0.30 0.15 0.16 0.16 0.28 0.05 0.06 0.06 0.35 ... 0.40 0.14 0.52 0.50 0.63 0.50 0.93 0.11 0.30 0.10 0.11 1.10 1.10 0.22 0.02 0.03 0.02 0.05 0.04 0.04 0.05 0.09 0.17 0.18 0.19 0.19 0.01 0.02 0.01 0.08 0.08 0.15 0.16 0.38 0.50 0.42 0.50 0.03 0.04 0.04 0.10 0.08 0.12 0.10 0.27 ... ...

0.58 0.65 0.98 0.68 1.31 0.01 0.02 0.01 0.02 0.24 0.12 0.12 0.36 0.38 0.36 0.40 0.02 0.02 0.02 0.09 ... ...

0.06 0.45 0.14 0.14 0.23 0.28 0.02 0.04 0.03 0.04 0.13 0.14 0.14 0.15 0.04 0.04 0.06 0.17 0.11 0.11 0.11 2.10 0.05 0.08 0.04 0.03 0.04 0.03 0.06 0.17 0.20 0.20 0.22 ... 0.77 0.82 0.96 0.09 0.09 0.08 0.32 0.06 ...

0.07 0.14 0.02 0.02 0.02 0.15 0.15 0.23 0.63 0.10 0.18 0.10 0.07 0.09 0.07 0.25 0.01 0.02 0.02 0.08 0.09 0.14 0.14 0.17 0.17 0.20 0.17 0.03 0.03 0.03 0.05 0.01 0.02 0.01 0.03 0.09 0.12 0.09 0.10 0.34 0.45 0.36 0.43 0.08 0.08 0.09 0.12 0.17 0.21 0.15 0.40 0.05 0.05 0.14 0.25 0.06 0.15 0.11 0.30 0.08 0.09 0.09 0.25 0.16 0.16 0.15 0.40 0.03 0.03 0.03 0.05 0.05 0.06 0.06 0.11 0.20 0.23 0.20 0.29 0.07 0.10 0.07 0.12 0.09 0.12 0.09 0.36 0.01 0.02 0.01 0.01 1.45 3.20 1.43 7.17 0.03 0.11 0.03 0.15 0.05 0.08 0.08 0.12 0.06 0.10 0.06 0.40 3.10 3.25 3.20 3.60 0.33 0.39 0.33 0.46 0.02 0.02 0.02 0.03 0.07 0.20 0.05 0.06 0.10 0.15 0.15 0.15 0.03 0.03 0.03 0.05 0.05 0.05 0.22 0.01 0.30 0.30 0.22 0.56 0.30 0.46 0.15 0.16 0.14 0.19 0.01 0.02 0.01 0.04 0.04 0.05 0.05 0.09 0.08 0.12 0.12 0.25 0.03 0.03 0.03 0.05 ... 0.01 0.01 0.08 0.08 0.08 0.41 0.09 0.10 0.10 0.11

LOW

0.14 0.17 0.04 0.04 0.12 0.09 0.06 0.01 0.03 0.13 0.05 0.33 0.03 0.02 0.62 0.04 0.13 0.01 0.06 0.17 0.02 0.03 0.02 0.10 0.03 0.03 0.15 0.05 0.07 0.08 0.06 0.02 0.00 0.02 0.01 0.06 0.30 0.04 0.14 0.09 0.08 0.07 0.11 0.02 0.04 0.13 0.05 0.08 0.01 0.98 0.02 0.04 0.05 2.75 0.26 0.01 0.04 0.15 0.04 0.20 0.12 0.01 0.04 0.07 0.02 0.07 0.01

STOCK

12-MONTH

EXC BID ASK LAST HIGH LOW

Fieldex Expl V Finlay Minrls V Finore Mng C Fire River Gol V First Idaho V V Freeport Res Full Metal Mnl V V Gem Intl Res Gentor Res V V Gespeg Cop Res Getchell Gold C V GFM Res Global Cobalt V Global Cop Grp V GobiMin V C God’s Lake Res Goldbank Mng V Goldbelt Emp V Golden Secret V Golden Tag V Granite Ck Gld V Greatbanks Res V Green Arrow V Greenshield Ex V Handa Mining V HFX Holding V Highbury Proj V Highvista Gold V Homeland Egy V Hornby Bay Mnl V I-Minerals V Icon Explor V Indico Res V Indigo Expl V Infinite Lith V Inform Res V Inomin Mines V Interconnect V Intl Battery C Intl Millm Mng V Iron South Mng V Ironside Res V Jayden Res V Jazz Res V JDF Explor Inc C Jubilee Gold V Kenna Res V Knick Expl V La Imperial C Le Mare Gold V Lead Ventures C Legion Metals C Leo Res C Lithion Energy V Logan Res V Lovitt Res V Madeira Mrnls V MAG Silver* X Martina Mnls V Mas Gold V Matachewan Con V Match Capital V MAX Res V Mega Copper V Meridius Res V Mesa Expl V Metron Capital V Micrex Dev V Midasco Cap V MillenMin Vent V Millstream Min V Milner Con Slv V Minecorp Egy V Minsud Res V Moag Copper C Montana Gold C Mountain Lake C MX Gold V Navy Res V Nebu Res V

0.18 0.18 0.19 0.03 0.04 0.04 0.34 0.12 0.12 0.11 0.03 0.07 0.09 0.09 0.24 0.04 0.06 0.06 0.07 0.07 0.08 0.01 0.01 0.10 0.15 0.01 0.02 0.02 0.03 0.07 0.13 0.08 0.20 0.03 0.04 0.04 0.06 0.08 ...

0.09 0.09 0.06 0.12 0.15 0.15 0.02 0.02 0.02 0.07 0.08 0.08 0.11 0.34 0.39 0.33 0.50 ... ...

0.90 1.10 0.14 0.28 0.14 0.34 0.01 0.02 0.02 0.03 0.34 0.34 0.27 0.50 0.06 0.06 0.05 0.08 0.12 0.14 0.12 0.17 0.03 0.05 0.03 0.02 0.03 0.02 0.19 0.12 0.30 0.12 0.15 0.07 0.08 0.07 0.18 0.06 ...

0.06 0.12 0.25 0.48 0.21 0.35 ... ...

0.17 0.18 0.21 0.18 0.38 0.04 0.04 0.04 0.08 0.15 0.19 0.19 0.36 0.35 0.35 0.41 0.84 0.01 0.02 0.02 0.03 0.02 0.02 0.02 0.04 0.26 0.29 0.28 0.32 0.09 0.19 0.09 0.39 0.04 0.05 0.05 0.20 0.05 0.20 0.04 0.11 ... ...

0.31 0.02 0.03 0.03 0.04 0.24 0.27 0.24 0.28 0.10 0.11 0.14 0.21 0.13 0.13 0.11 0.38 0.04 0.06 0.04 0.09 0.01 ...

0.05 0.15 0.42 0.60 0.64 0.70 0.13 0.16 0.15 0.01 0.02 0.01 0.04 0.07 0.14 0.07 0.08 0.07 0.07 0.17 0.85 0.25 0.47 0.25 0.60 0.12 ...

0.17 0.21 ... ...

1.09 ... ...

0.10 0.03 0.03 0.06 0.08 0.08 0.13 0.10 0.25 0.04 0.50 0.03 0.05 12.52 13.30 12.52 14.40 0.02 0.07 0.04 0.07 0.06 0.07 0.06 0.15 0.16 0.19 0.16 0.32 0.01 ...

0.04 0.05 0.22 0.20 0.32 0.16 0.20 0.16 0.18 0.18 0.30 0.18 0.20 0.06 0.06 0.06 0.08 0.06 0.20 0.06 0.08 0.02 0.02 0.01 0.03 0.11 0.20 0.10 0.15 0.01 0.04 0.05 0.04 0.06 0.04 0.06 0.10 0.06 0.11 ... ...

0.12 0.20 0.06 0.06 0.06 0.21 ... ...

0.08 0.09 0.10 0.10 0.10 ... ...

0.05 0.09 0.11 0.11 0.11 0.22 0.17 0.28 0.18 0.32 0.03 0.03 0.04

0.02 0.02 0.03 0.08 0.01 0.06 0.02 0.07 0.05 0.04 0.30 0.07 0.13 0.01 0.22 0.03 0.08 0.02 0.06 0.05 0.04 0.21 0.18 0.00 0.18 0.03 0.01 0.02 0.12 0.09 0.03 0.04 0.01 0.04 0.08 0.08 0.03 0.01 0.35 0.01 0.04 0.17 0.06 0.05 0.04 0.02 0.02 6.12 0.03 0.06 0.15 0.06 0.16 0.18 0.03 0.05 0.01 0.07 0.03 0.07 0.06 0.02 0.03 0.08 0.17

STOCK

New Jersey Mng New Klondike New Point Expl New Stratus Newmac Res Nexco Res Norsemont Cap Nortec Mnls Nrthn Lion Odyssey Res Omineca Mg &Ml Oriental Non F Oroco Res Orofino Mnrls Pac Arc Res Pac Cascade Pac Imperial Pac Link Mng Pacific Silk Patriot Gold Pedro Res Pele Mtn Res Peloton Mnrls Phoenix Gold Prime Meridian Quantum Cobalt Quartz Mtn Res Rare Element* Razore Rock Res Red Oak Mg Red Tiger Mng Reliant Gold Remington Res Rhyolite Res Rockex Mng Rockland Mnls Rojo Res Ross River Rotation Mnls Roughrider Exp Rubicon Mnrls* Sage Gold Samco Gold Savary Gold Scavo Res Silver Mtn Mns Silver Phoenix Starr Peak Exp Surge Explor Tajiri Res Talmora Diamd Tanager Energy Taranis Res Tearlach Res Thor Expl Tiger Intl Tintina Mines Tri-River Vent Trident Gold Trinity Valley UC Res Vale* Valencia Vent ValOre Metals Vanadium One Vanadiumcorp Vela Minerals Venerable Vent Westcot Vent Western Troy C Westminster Rs Westridge Res Whistler Gold X-Terra Res Xander Res Zanzibar Gold Zinco Mng Zincore Mtls

12-MONTH

EXC BID ASK LAST HIGH LOW

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

...

0.33 0.23 0.26 0.01 0.01 0.01 0.06 0.06 0.06 0.41 0.25 0.68 0.40 0.40 0.09 0.10 0.09 0.09 0.14 0.20 0.15 0.50 0.38 0.50 0.39 0.47 0.05 0.06 0.05 0.18 0.22 0.69 0.22 0.67 0.03 0.06 0.04 0.07 0.03 0.04 0.03 0.05 0.01 1.00 1.05 1.05 0.25 0.25 0.19 0.31 ... 0.25 0.14 0.19 0.52 0.84 0.70 0.82 0.01 0.02 0.01 0.03 0.04 0.03 0.07 0.03 0.50 0.20 0.20 0.03 0.04 0.04 0.06 0.07 0.15 0.10 0.13 ... 0.31 0.21 0.42 0.04 0.04 0.04 0.15 0.09 0.09 0.09 0.15 ... 0.01 0.01 0.01 0.50 0.14 ... ...

1.10 3.15 0.66 0.89 0.78 1.50 0.11 0.16 0.15 0.89 0.07 0.21 0.06 0.63 0.05 0.34 0.33 0.34 0.02 0.03 0.03 0.02 0.02 0.02 0.04 0.23 0.29 0.22 0.70 0.15 0.29 0.15 0.40 0.05 0.15 0.03 0.09 0.07 0.08 0.08 0.11 ... 0.40 0.40 0.40 0.10 0.17 0.26 0.50 0.08 0.09 0.09 0.40 0.12 0.14 0.12 0.58 ... ...

0.03 1.35 0.01 0.01 0.02 0.22 0.03 0.04 0.03 0.11 0.04 0.04 0.04 0.08 0.36 0.57 0.36 0.54 0.01 0.02 0.02 0.03 0.05 0.10 0.05 0.22 0.09 0.14 0.09 0.19 0.39 0.44 0.39 0.23 0.09 0.17 0.08 0.18 0.02 0.05 0.02 0.06 0.05 0.06 0.05 0.15 0.08 0.10 0.07 0.14 0.08 0.15 0.08 0.15 0.18 0.18 0.22 0.07 0.13 0.10 0.17 0.02 0.10 0.05 0.10 ... ...

0.04 0.15 0.17 0.15 0.22 0.04 0.05 0.04 0.16 0.01 0.02 0.02 0.03 ... ...

10.24 11.10 0.20 0.30 0.22 0.22 0.06 0.07 0.07 0.13 0.13 0.15 0.13 0.09 0.10 0.09 0.16 0.18 0.30 0.30 0.30 0.11 0.20 0.13 0.14 ... ...

0.35 0.55 0.02 0.02 0.02 0.06 0.07 0.08 0.08 0.25 0.60 0.60 0.60 0.80 0.08 0.14 0.08 0.08 0.15 0.15 0.13 0.30 0.11 0.12 0.12 0.29 0.10 0.12 0.12 0.15 0.05 0.07 0.05 0.05 0.07 0.05 0.35

0.23 0.05 0.08 0.06 0.15 0.32 0.04 0.19 0.03 0.03 1.00 0.02 0.08 0.12 0.01 0.03 0.03 0.09 0.17 0.03 0.03 0.20 0.65 0.06 0.06 0.08 0.02 0.20 0.15 0.01 0.01 0.23 0.10 0.07 0.12 0.03 0.01 0.02 0.04 0.26 0.02 0.05 0.09 0.03 0.05 0.01 0.05 0.06 0.09 0.04 0.04 0.14 0.04 0.01 6.57 0.14 0.07 0.09 0.18 0.09 0.13 0.02 0.07 0.29 0.04 0.11 0.09 0.10 0.03