The Northern Miner October 1 2018 Issue by The Northern Miner Group

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Action across the Abitibi and beyond / 9–16

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Endeavour improves Terronera’s metrics

Barrick, Randgold to forge world’s biggest gold miner

SILVER

| New study anticipates longer mine life, higher revenues and lower costs

M&A | Bristow to be ‘New Barrick Group’ CEO BY TRISH SAYWELL tsaywell@northernminer.com

n one of the biggest and most surprising deals the gold industry has seen in more than a decade, Barrick Gold (TSX: ABX; NYSE: ABX) is combining with Randgold Resources (LON: RRS; NASDAQ: GOLD) in a sharefor-share merger. The business combination creates the largest gold producer in the world, with five of the world’s top-10, tier-one gold assets by total cash cost: Cortez andGoldstrikeinNevada,PuebloViejo in the Dominican Republic, LouloGounkoto in Mali and Kibali in the DemocraticRepublicoftheCongo(DRC). The entity, called the “New Barrick Group,” will also have the highest marginforadjustedearningsbeforeinterest, tax, depreciation and amortization (EBITDA),andthelowesttotalcash-cost position among its senior gold peers. Under the merger, valued at $18.3 billion,Randgoldshareholderswillreceive 6.1280 New Barrick shares, meaning once the transaction closes in the first quarter of next year, Barrick shareholders will own 66.6% of the New Barrick GroupandRandgoldshareholders,33.4%, on a fully diluted basis. The deal values Randgold at US$6.5 billion. Discussions between the companies started in 2015, but picked up over the last nine months. Randgold CEO Mark Bristow, for many years an outspoken and salty critic of value destruction in the gold industry — specifically its short-term focus, undisciplined growth and poor returns on invested capital — will becometheNewBarrickGroup’spresident and CEO. “Sadly, the industry still does not seem to learn from experience and fails to plan for the future,” See BARRICK / 2

Executives, workers and visitors in the core shack at Endeavour Silver’s Terronera silver project, 40 km northeast of Puerto Vallarta, Mexico. ENDEAVOUR SILVER

BY RICHARD QUARISA rquarisa@northernminer.com

ndeavour Silver (TSX: EDR; NYSE: EXK) has tabled an updated prefeasibility study (PFS) for its Terronera silver project, 40 km northeast of Puerto Vallarta, that estimates higher revenues and a longer mine life, while lowering cash costs. Endeavour published the initial study in early 2017. Using an US$18 per oz. silver price, it gave the project a US$78.1-million, after-tax net present value (NPV) at a 5% discount rate, and a 21% after-tax internal rate of return (IRR). The economics of 2017 were based on updated reserve and resource estimates the company released along with the study. According to the 2017 report, the project contained 4.06 million probable tonnes grading 207 grams per tonne silver and 1.95 grams gold for 27 million oz. silver and 255,000 oz. gold. The project also had 3.95 million indicated tonnes at 232 grams silver and 2.18 grams gold for 29.53

million oz. silver and 277,000 oz. gold, as well as 720,000 inferred tonnes grading 309 grams silver and 1.48 grams gold for 7.15 million oz. silver and 34,000 oz. gold. According to the original study, the plant would process 4.1 million tonnes over seven years, producing 22.6 million oz. silver and 185,000 oz. gold. “The differences from that one to this one are across the board,” Endeavour president and CEO Brad Cooke says in an interview with The Northern Miner. “A bigger project with a lot more mine life gives you a higher financial return.” T he new st udy feat u res a US$117.8-million, after-tax NPV at a 5% discount rate — a 51% increase over the previous study — and a 23.5% after-tax IRR. Those numbers come from expanded reserves and resources. In the latest report, Terronera now contains 4.7 million probable tonnes grading 224 grams silver and 2.28 grams gold for 33.8 million oz. silver and 342,000 oz. gold. It also has 4.36 million indicated tonnes at 239 grams silver and 2.53 grams gold for 33.43 million oz.

silver and 354,000 oz. gold, as well as 1.07 million inferred tonnes grading 252 grams silver and 2.38 grams gold for 8.66 million oz. silver and 82,000 oz. gold. According to the report, Endeavour’s plant would process 4.7 million tonnes over 9.5 years, producing 27.9 million oz. silver and 268,000 oz. gold. Although silver recoveries drop 3% in the report to 84.6%, gold recoveries rise 8% to 80.4%, and silver-equivalent production rises 35% to 48 million oz. silver. The company lowered its anticipated cash costs 95% to US15¢ per oz. silver. It also dropped its all-in sustaining costs 71% to US$1.36 per oz. silver. Cooke says the biggest changes to the economics happened when Endeavour added its second vein discovery, named La Luz. Although La Luz has slightly lower silver grades than the main Terronera orebody, its gold grades are much higher, meaning its silverequivalent grades roughly triple Terronera’s. The updated study includes reSee ENDEAVOUR / 6

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Barrick, Randgold to forge world’s biggest gold miner BARRICK From 1

Bristow declared in an address at Prospectors & Developers Association of Canada last year. “Instead of focusing on investing and profiting, it oscillates constantly between growth and survival. In the good times, it is often fixated on production growth, maybe through acquisition, which offers little or no returns to shareholders. In the lean times, as we’ve witnessed in the last three years, it has to sell often at a discount what it bought at a premium, incurring the inevitable impairments and writedowns, and sometimes even forcing to shelve development projects, because no one wants to buy them.” But Bristow vows that the New Barrick Group will be “very different.” “Its goal will be to deliver sectorleading returns, and, in order to achieve this, we will need to take a very critical view of our asset base and how we run our business, and be prepared to make tough decisions,” he said. “By employing a strategy similar to the one that proved very successful at Randgold, but on a larger scale, the New Barrick Group will leverage some of the world’s best mines and talent to create real value for all stakeholders.” Randgold brings a debt-free balance sheet and a track record of execution in Africa with its LouloGounkoto and Morila mines in Mali, Tongon in Côte d’Ivoire and Kibali in the DRC. Over the last 20 years, Bristow has defined true value in the industry as an orebody containing at least 3 million oz. mineable gold that will deliver a 20% internal rate of return at a US$1,000 per oz. gold price. Barrick’s executive chairman, John Thornton, will stay in his current role in the combined company. “It fulfills our vision,” Thornton said of the merger on a conference call with analysts and investors. “Today we graduate from taking Barrick back to the future and with Randgold straight into the Twenty-first Century … Barrick and Randgold are cut from a single cloth. Randgold said it was modelled on Barrick … the very culture we at Barrick have spent the last four years working to recover. It is no accident that the two companies act and think the same way.” Thornton noted Barrick and Randgold are “obsessed with talent and relentless with our pursuit of operational excellence,” as well as maintaining a strong balance sheet, and committed to per-share returns over the long-term, as measured by free cash flow per share. “While we share the same culture, Randgold has the agility and sure-footedness of a young company, much like Barrick had in the early years, while Barrick has the infrastructure and global reach of a large, corporate company,” Thornton said. Bristow confirmed on the conference call that he has committed to his new role at the company for at

Randgold Resources’ Mark Bristow will be the president and CEO of New Barrick Group.

Barrick Gold’s John Thornton will remain executive chairman of the merged company.

least five years and will have dayto-day operational control over the business, while Thornton will provide leadership at the board level and guide business decisions on the macro level. Two-thirds of the board will be appointed by Barrick and one-third by Randgold directors. “At the heart of the merger is the two companies’ shared belief that a gold-mining business must calibrate itself to a changing market that demands real value creation to attract new investment,” said Bristow, who spoke on behalf of both companies for most of the conference call. “Barrick has been reformed over the last years, which … has reduced its debt quantum considerably, while also improving its security profile. It is now ready for a new growth phase. Randgold is the industry leader in terms of operation delivery, returns, margin and share price, [and] delivering superior cash flow. We will now be able to step beyond our African boundaries on to the global stage.” Having the highest EBITDA margin and lowest total cash costs amongst its gold peers, Bristow said, means the larger company can invest in the business whilst returning capital to shareholders. The new Barrick “will have a diversified portfolio across terrains, prudent and disciplined management with a strong entrepreneurial flair, and a significant re-rating potential,” he added. Going forward, Barrick will focus on four things: developing core assets and selling non-core ones; decentralizing management with mine-based, decision-making authority; streamlining all operations; and keeping a powerful balance sheet, supported by continued investment. Bristow also noted that as Barrick has deleveraged a “radioactive” balance sheet, focused on optimizing free cash flow, cleaned up management, and developed a

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Operations at Randgold Resources’ Tongon gold mine in Côte d’Ivoire. RANDGOLD RESOURCES

well-aligned executive team and strong commercial metrics out of its operations, the time has come to shift back to the business optimization model that looks to underlying orebodies. Looking at Barrick’s assets, and the need to prioritize and rationalize them, Bristow noted that Nevada comes with “enormous potential” (“it’s like being a 13-year-old in a candy store”), while the Acacia investment in Africa “has become a bit of an orphan” (“it needs a home, some care, and some support and some nurturing — it’s got some real value, whichever way you cut it”), while assets in South America, like Veladero and areas in the continuation of the El Indio trend and under-explored terrain straddling Chile and Argentina all offer great opportunity. And Bristow acknowledged that he is open to all ideas, admitting that he was one of those who had questioned Barrick’s decision in June 2017 to sell a 50% stake in its Veladero mine in Argentina to China’s Shandong Gold, because “it’s so hard to find 8 million oz. gold.” “When you see the benefits the Chinese have brought already,” he said, “it was not only a good commercial decision, but it has brought … a new way of looking at things, and some tension among owners to advance that project, and not leave it dangling in the wind.” As for Porgera in Papua New Guinea, in which Barrick and Zijin Mining each own 47.5%, “the big step is to renew the mining licence, and Zijin has the option to pick up the other half.” At Hemlo in Ontario, meanwhile, Barrick has “a lot of work to do” before it decides “where that goes.” And mindful of the big tax shields in Canada, he added, “we should grow our portfolio in Canada.” Bristow also acknowledged that there are Randgold assets that Barrick will need to call into question, but “certainly the big assets we will keep.” “There’s no way we’re going to give up tier-one assets,” Bristow clarified. “Bringing to account some of the other assets, some are

particularly good, but just don’t fit our geographical focus, or there’s a better use of proceeds, and we have partners that have indicated their interest in acquiring the Barrick stake. And John has been clear about what isn’t core and this [business] combination will bring the same debate over the whole portfolio of the combined entity, which will bring further opportunities to rationalize … some of which we will use to deleverage the balance sheet further.” As for exploration talent, he added, the new Barrick’s will be second to none. “The combined exploration skill base in the form of the Barrick and Randgold exploration teams is going to be a cracker of a team, and we’re looking forward to letting them loose on a lot of these really controlled geological portfolios,” Bristow said. In addition, both Bristow and Thornton are personally invested in the deal. “I’m rolling up my investment in Randgold into this transaction,” Bristow said. “John and I together stand out in the gold industry as executives that have significant skin in the game. “I’ve always said what I don’t want to be in five years’ time is a CEO of a $60 gold stock, and this opportunity brings forward an exciting combination that fulfills everything I’ve been hammering on about ever since I can remember, and so this is a re-energizing event for me,” Bristow said. “I need one more big gold mine to get to the end of my career, and this is a very big gold mine with a lot of excitement.” The new entity has a US$2.7billion combined cash position and US$3.7-billion net debt, as of June 30. Barrick’s guidance for 2018 is between 4.5 million and 5 million oz. gold at an average total cash cost of between US$540 and US$575 per oz., and Randgold’s is between 1.3 and 1.35 million oz. gold at an average total cash cost of between US$590 and US$640 per oz. gold. The combined company will also grow its existing portfolio of copper mines and projects. In another announcement on Sept. 24, Barrick reported that it

has signed an investment agreement with Shandong Gold. Under the agreement, Shandong will acquire up to US$300 million of Barrick’s shares, and Barrick will spend the same amount to acquire shares of Shandong. Jamie Koutsoukis, vice-president and senior analyst at Moody’s Investors Service, noted that 25% of Barrick’s production will come from Africa after the merger is completed. “Barrick’s geopolitical risk profile will increase with the inclusion of Randgold assets, where there have been labour challenges in the Ivory Coast, a tax dispute in Mali and changes to the mining code in the DRC,” he said in a brief commentary. “This is in addition to challenges with Acacia Mining Plc (Barrick holds a 63.9% equity interest), where Tanzania imposed a ban on exports of mineral concentrates in 2017, and gave the company a $190-billion tax assessment. Barrick’s diversity of interests in over 15 operating mines [once the acquisition closes], however, does provide some offset.” Raymond James analyst Brian MacArthur speculated that salable assets include Barrick’s Kalgoorlie (Australia) and Porgera, and Randgold’s Tongon and Massawa (Senegal). Kerry Smith of Haywood Securities described Bristow as a “maverick” and a “well-regarded company builder,” who has “delivered superior returns over the last 20-plus years. “Randgold has outperformed its peer group on shareholder returns over the past 10 years, delivering a 96% share price return, compared with Barrick’s return of -63%, and the sector [GDX Index] at -35% over the same period [in Canadian dollars],” he wrote in a research note. “On a cash-f low multiple basis, Randgold currently trades at CFPS enterprise value/2018 cash flow per share, well above Barrick at 7.8 times. Randgold has always traded at the top of the peer group, and with asset optimization and Mark Bristow’s entrepreneurial spirit at the helm, we believe there is potential upside as the New Barrick closes the discount price that Barrick has been historically trading.” TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 1–14, 2018

DATE Wednesday, Oct 10th, 2018 LOCATION MaRS Discovery District Toronto, Ontario

IDEAS & COMPANIES THAT WILL SHAPE THE FUTURE OF MINING Meet the next wave of innovators at the 2018 Progressive Mine Forum

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Partner – Head of Innovation Practice The Stratalis Group

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E D I T O R IA L

Barrick-Randgold merger full of promise and possible pitfalls M&A

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

| How far will Mark Bristow go in remaking Barrick in Randgold’s image?

EDITOR-IN-CHIEF: John Cumming, MSC (GEOL) jcumming@northernminer.com SENIOR STAFF WRITER: Trish Saywell, BA, MA, MSC (JOUR) tsaywell@northernminer.com STAFF WRITERS: Richard Quarisa, BA, MA (JOUR & COMM) rquarisa@northernminer.com Lesley Stokes, BSC (GEO) lstokes@northernminer.com COPY EDITOR: Isa Cunanan, HBSC (PROFESSIONAL WRITING, HEALTH SCI COMM)

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BY JOHN CUMMING jcumming@northernminer.com

he merger between Barrick Gold and Randgold Resources announced Sept. 25 is the most fascinating development in the gold-mining sector since 2006, when Barrick Gold took over rival Placer Dome to become the world’s largest gold miner during the height of the industry’s glory days. Though the Barrick-Randgold merger to form the provisionally named “New Barrick Group” had apparently been in the works for months, who honestly saw this one

coming? While the geopolitical risks of New Barrick’s much heavier weighting towards Africa are front and centre as a concern for investors, the prospect of Randgold head Mark Bristow and his team remaking Barrick into a leaner, more profitable miner is tantalizing. The only certainty is that Barrick will never be the same, and the chapter is being closed on the era of inimitable Barrick founder Peter Munk, who died earlier this year after a long illness. One aspect of the merger that Munk would have found appealing is the path to Barrick’s uncontested return in 2019 as the world’s largest gold miner by production, profit, market capitalization and reserves — where Barrick had slipped into second place to Newmont Mining in some metrics in recent months and quarters, if not yet on an annual basis. Also worth mentioning is Barrick management’s lack of credibility over several decades regarding its intentions and actions in Africa. During the mid-1990s, Munk repeatedly said Barrick would never work on the higher-risk continent — right up until the day in 1999 when the company announced it was buying Sutton Resources and its Bulyanhulu deposit, only to double down a few years later with the acquisitions of Placer Dome and Equinox Minerals, and their assets in South Africa, Tanzania and Zambia. As the Tanzanian mines aged, and political problems piled up in the country, Barrick spun out African Barrick Gold, later renamed Acacia Mining, and shopped the asset around for years with no takers, leaving Barrick with a 64% stake and the impression — intact until yesterday — that it was ready kick the dust off its shoes and leave Africa’s perennially difficult gold scene to others. Looking ahead, the intangibles of what Bristow and his team bring to Barrick will be one of the more fascinating developments to watch. Long the sharp-tongued outsider and a bit of a cult hero to value investors in the gold space, Bristow now has the chance to put action behind his many years of complaints about major gold miners becoming bloated and prone to chronic bad decisionmaking that destroys investor value. At 59, Bristow is younger than he looks after a hard-driving life, and he has signed on to lead New Barrick as president and CEO for at least the next five years. Another aspect of the deal that gives observers whiplash is that after having listened to Barrick execs go on for decades about the special Barrick culture of excellence, the company’s leadership is now willing to toss it all overboard, and seems eager to transplant a new corporate culture from Randgold’s small team. It gets a little more complicated than that, though, as Bristow himself has said he had been inspired by Barrick’s once famously nimble operational and management structure when he first set up Randgold two decades ago. The appearance of Bristow to lead Barrick as CEO also brings sudden clarity to outsiders as to why Barrick executive chairman John Thornton left the CEO position at the company unoccupied for four years, and why Barrick president Kelvin Dushnisky departed the company with little warning mid-year, presumably as he saw there would be no place for him at the table in New Barrick. With fewer Canadian executives, employees and assets in the Barrick stable, Barrick’s claim to be a Canadian mining champion fades a little more each year, though as we saw this week, corporations can change their direction overnight, with long-lasting implications. TNM

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COMPANY INDEX Agnico Eagle Mines. . . . . 12 Alamos Gold. . . . . . . . . . . 12 Azimut Exploration. . . . . 13 Aztec Minerals. . . . . . . . . . 6 Baroyeca Gold & Silver. . . 8 Barrick Gold. . . . . . . . . . . . 1 Berkwood Resources. . . . 10 BHP Billiton. . . . . . . . . . . . 7 Bonterra Resources. . . . . 13 Canada Carbon . . . . . . . . 10 Commerce Resources. . . 16 Durango Resources. . . . . 13 Eastmain Resources. . . . . 13

Eldorado Gold. . . . . . . . . 13 Endeavour Silver. . . . . . . . 1 Focus Graphite. . . . . . . . . 10 Galway Metals . . . . . . . . . 13 Goldcorp. . . . . . . . . . . . . . 13 Imperial Metals . . . . . . . . . 5 Kintavar Exploration. . . . 14 Kootenay Silver . . . . . . . . . 8 Lithoquest Diamonds. . . . 7 Lomiko Metals. . . . . . . . . 10 Maple Gold Mines. . . . . . 13 Marathon Gold. . . . . . . . . . 6 Mason Graphite. . . . . . . . . 9

Monarques Gold . . . . . . . . 9 NanoXplore. . . . . . . . . . . . 10 Nemaska Lithium . . . . . . 13 Nouveau Monde Graphite. . . . . . . . . . . . . 10 Osisko Mining. . . . . . . . . 15 Probe Metals. . . . . . . . . . . 13 Randgold Resources. . . . . 1 Saint Jean Carbon . . . . . . 10 South32. . . . . . . . . . . . . . . . 8 Syrah Resources. . . . . . . . 10 Yorbeau Resources. . . . . . 13

Growth in tin usage weakens in 2018, ITA survey finds METALS COMMENTARY

| Tin use in chemicals grew 7.5% in 2017 The following is an edited release from the International Tin Association (ITA) regarding key findings from its 14th annual survey of tin users, which gathered data from tin users worldwide between June and August 2018. The ITA notes that 109 companies took part in its survey, accounting for 38% of estimated global refined tin use.

SOLDER STILL ACCOUNTS FOR THE LARGEST GLOBAL SHARE OF TIN USE, GROWING 3.7% IN 2017.

ur latest estimate of refined tin use in 2017 is 362,500 tonnes, based on data from the 2018 survey and trade data. The figure is 7,000 tonnes higher than the preliminary 2017 estimate made after last year’s survey. Refined tin demand reported by survey participants increased 4% from 2016, in line with our recent global estimates. Our new survey suggests similar growth is anticipated in 2018, but we believe that global tin demand will grow just 1%, with a contraction in tin demand in China offset by growth elsewhere. Pipeline refined tin stocks held by surveyed companies at the end 2017 amounted to the equivalent of 3.27 weeks’ supply. If this ratio is extrapolated based on global consumption it would imply that world consumer stock holdings were 23,000 tonnes. Comparing with data for 2016 and forecasts for 2018 indicates declining consumer stock holdings over the three-year period. Provisional estimates of total global tin use including refined and unrefined forms totalled 441,400 tonnes in 2017, up 4.5% from 2016. The recycling input rate (RIR) was calculated as 30.3% in 2017, down from 30.8% in 2016. Solder still accounts for the largest global share of tin use, growing 3.7% in 2017. China forecasts for 2018 are more negative, with some impact from the escalating U.S.China trade war. Miniaturization is the greatest threat, especially in China, balanced by market expansion and significant opportunities in new markets, including energy technologies. Average lead-free share for electronic solders remained stable at 68% in 2017. There is a continuing trend towards use of lower lead content specifications in refined tin. All reported tin use in tinplate was now less than 100 parts per million (ppm) lead, with 30% less

than 50 ppm lead and 6% less than 25 ppm lead. In solder, 73% of surveyed tin used globally was less than 100 ppm lead — higher in China at 95%. Tin use in chemicals grew 7.5% in 2017, although growth is expected to slow significantly in 2018. Chinese government environmental inspections continued to impact production and growing U.S.-China trade issues are a concern. Tin price, competition and regulation are still significant issues but overall demand growth is positive, especially for polymer additives. Tin use in tinplate continues to remain static or in decline, although some growth was estimated for 2017 outside China where some, mostly smaller companies, were more positive than expected for 2018. Overcapacity and competition continue to impact the industry, recently compounded by U.S. steel tariffs, but there is some optimism that new pressure on plastics may make tinplate more competitive in the future. Tin use in other applications includes lead-acid batteries, copper alloys and others such as tin and bronze powders, wine capsules, pewter, tin coatings and float glass. Although smaller and more traditional uses are stable, demand growth is positive for the automotive and glass industries particularly, with good prospects for advanced lead-acid batteries and tinned copper in hybrid and electric vehicles.

— With over 85 years experience in the tin industry and offices in the U.K. and China, the International Tin Association (formerly ITRI Ltd.) is the only organization dedicated to supporting the tin industry and expanding tin use. The ITA aims to ensure an innovative, competitive and sustainable supply chain and market for tin. Visit www.internationaltin.org for more information.

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 1â&#x20AC;&#x201C;14, 2018

Imperial Metals dodges liquidity bullet, for now BC COPPER-GOLD â&#x20AC;&#x201A;

| Company delays debt repayments, ponders sales and mergers

Drillers at Imperial Metalsâ&#x20AC;&#x2122; Mount Polley copper-gold mine near Likely, British Columbia. â&#x20AC;&#x201A; IMPERIAL METALS BY TRISH SAYWELL

tsaywell@northernminer.com

roubled miner Imperial Metals (TSX: III) has kicked debtrepayment deadlines further down the road, and will examine strategic alternatives that could include a sale or merger. Asset sales, joint ventures and a recapitalization are also on the table. The company says it has already sold a 0.5% net smelter return royalty interest on its Red Chris project for US$17 million. It would only identify the buyer as â&#x20AC;&#x153;a company of which a significant shareholder of the company is a minority equity shareholder.â&#x20AC;? Preliminary discussions with a potential joint-venture partner also have taken place, the company says. In addition, Imperial has taken steps to â&#x20AC;&#x153;rationalize and improve operations at both of the companyâ&#x20AC;&#x2122;s operating mines,â&#x20AC;? and says the measures, which it did not specify in its Sept. 17 press release, â&#x20AC;&#x153;are expected to have a positive operational impact in the fourth quarter of 2018.â&#x20AC;? In the second quarter, Imperial posted an adjusted net loss of $27.8 million (24Â˘ per share), compared with an adjusted net loss of $21.8 million (23Â˘ per share) in the comparative quarter of 2017. It also reported a working capital deficiency of $791 million in the three months ended June 30. Revenue from its Red Chris mine in the June 2018 quarter was $57.3 million, compared with $62.3 million in the second quarter of 2017,

â&#x20AC;&#x153;THE DOWNGRADE REFLECTS MOODYâ&#x20AC;&#x2122;S VIEW THAT A RESTRUCTURING IS LIKELY TO OCCUR IN THE NEAR FUTURE, AS MOST OF ITS DEBT MATURES IN FEBRUARY AND MARCH 2019, LEVERAGE IS NEAR 10X, AND A SPECIAL COMMITTEE OF THE BOARD HAS BEEN FORMED.â&#x20AC;? JAMIE KOUTSOUKIS VICE-PRESIDENT, MOODYS

while revenue from the Mount Polley mine came in at $22.8 million â&#x20AC;&#x201D; half of the $44.1 million it posted in the year-earlier quarter. The drop in production at Mount Polley was blamed on a strike by unionized workers that began in May, which the company said â&#x20AC;&#x153;resulted in lower production and restricted the ability of the company to record revenueâ&#x20AC;? in the quarter. In August the company alerted shareholders that it has postponed expenses on some of its capital projects. On a positive note, however, Imperial has bargained with its credit holders to extend the deadlines on its debt. Repayment of the companyâ&#x20AC;&#x2122;s $200-million secured revolving senior credit facility has been extended from Oct. 1, 2018, until Feb. 15, 2019, and the deadline for repayment of a second lien credit facility of $50 million has been postponed from Dec. 1, 2018, until Feb. 15, 2019. The credit extensions were guaranteed by Edco Capital Corp. â&#x20AC;&#x201D; a company controlled by a significant shareholder of Imperialâ&#x20AC;&#x2122;s stock. The deadline for paying back a

$26-million bridge loan has been extended from Jan. 5, 2019, until Feb. 28 2019. â&#x20AC;&#x153;We are thankful to our major shareholders and lenders for supporting the process designed to help us emerge from a very difficult period,â&#x20AC;? Imperial president and CEO Brian Kynoch stated in prepared remarks, adding that management is â&#x20AC;&#x153;highly confident in the strength and long-term value of our assets.â&#x20AC;? Moodyâ&#x20AC;&#x2122;s isnâ&#x20AC;&#x2122;t so sure and has downgraded the company because its outlook â&#x20AC;&#x153;remains negative.â&#x20AC;? â&#x20AC;&#x153;The downgrade reflects Moodyâ&#x20AC;&#x2122;s view that a restructuring is likely to occur in the near future, as most of its debt matures in February and March 2019, leverage is near 10x, and a special committee of the board has been formed to look at all strategic alternatives,â&#x20AC;? Jamie Koutsoukis, Moodyâ&#x20AC;&#x2122;s vice-president, said in a note. Imperial Metals is trading at $1.50 per share within a 52-week trading range of 93Â˘ (August 2018) to $3.76 (October 2017). The company has 121 million shares outstanding for a $181-million market capitalization.

CIBC mining analysts Oscar Cabrera and Raphael de Souza are keeping their â&#x20AC;&#x153;underperformâ&#x20AC;? rating with a 60Â˘-per-share target price. â&#x20AC;&#x153;Imperialâ&#x20AC;&#x2122;s success in extending the maturities of around 32% of its $863-million debt, while also reducing interest cost and removing covenants for the $200-million credit facility, are positive, preventing a liquidity concern in fourth-quarter 2018,â&#x20AC;? they wrote in a research note.

â&#x20AC;&#x153;However, notwithstanding the deferral of debt maturities, Imperial needs a long-term solution to its balance sheet. We continue to stress that improved operational execution at Red Chris is crucial for the company.â&#x20AC;? The Red Chris copper-gold-silver mine, 80 km south of Dease Lake in B.C., entered commercial production on July 1, 2015, but the mine has been dogged by ramp-up problems and lower-than-expected production. In August 2014, the companyâ&#x20AC;&#x2122;s Mount Polley copper-gold mine near Likely, B.C., suffered a major breach when a glacial lacustrine layer beneath the perimeter embankment of the tailings storage facility collapsed, releasing a slurry of water, tailings and dam construction material into Polley Lake, the Hazeltine and Edney Creeks, and Quesnel Lake. TNM

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OCTOBER 1–14, 2018 / THE NORTHERN MINER

The camp at Marathon Gold’s flagship Valentine Lake gold property on the island of Newfoundland in 2017. MARATHON GOLD

Marathon discovers gold trend NEWFOUNDLAND

BY TRISH SAYWELL

tsaywell@northernminer.com

rospecting and trenching southwest of Marathon Gold’s (TSX: MOZ) Victory deposit in central Newfoundland have uncovered a 1,500-metre-long gold trend. A channel sample returned 2.71 grams gold per tonne over 9 metres, while grab samples from newly exposed outcrop and trenches returned values up to 53.2 grams gold per tonne. The company says trenching over the 1,500-metre strike length — close to the Valentine Lake Thrust Fault — exposed multiple zones of en-echelon stacked, southwestdipping, quartz-tourmaline-pyrite gold veining that is “identical” to the mineralizing system found elsewhere throughout Marathon’s

| Mineralization points to potential growth in open-pit resource The Northern Miner. of the deposits are open to expansion. Carew of Haywood Securities writes. THESE RESULTS A drill rig has been mobilized to Most of the defined gold resource “The recent results [of prospectSUGGEST explore the gold zone, and prospect- is at the Marathon and Leprechaun ing and trenching near the Victory ing and trenching are continuing in deposits. The Marathon deposit was deposit] demonstrate the expansion THE VICTORY the southwest Victory gold trend discovered five years ago and the potential of the Valentine Lake projRESOURCE COULD area. Leprechaun deposit in the late 1990s. ect area, with a large proportion of The Victory deposit hosts 952,000 A recent preliminary economic as- the northeast- to southwest-striking EXPAND BOTH measure and indicated tonnes grad- sessment (PEA) envisions producing structure associated with gold minIN TERMS OF ing 1.55 grams gold for 47,500 oz. 188,500 oz. gold a year over the first eralization at Valentine Lake still GRADE AND TOTAL gold, plus 1.7 million inferred tonnes decade, with a payback of just under untested … these results suggest the at 1.456 grams gold for 78,400 oz. three years. The study estimated a Victory resource could expand both OUNCES. gold. US$367-million, post-tax net present in terms of grade and total ounces.” Valentine Lake gold camp, including its Marathon, Leprechaun, Victory and Sprite deposits. “The new extension of gold showings in trenches is very encouraging in providing an opportunity to further increase the open-pit resources in the Victory area,” Phillip Walford, Marathon’s president and CEO, told

It is 6 km northeast of the company’s Marathon deposit, which contains 23.7 million measured and indicated tonnes at 1.87 grams gold. Marathon’s 240 sq. km Valentine Lake Gold camp hosts four nearsurface deposits with measured and indicated resources totalling 2.14 million oz. gold at 1.99 grams gold, and inferred resources totalling 1.11 million oz. gold at the same grade. All

value and 25.3% internal rate of return. “Given the recent uncovering of each deposit [Marathon and Leprechaun], combined with the lack of significant exploration in the area prior to Marathon’s involvement, we see significant expansion potential beyond the 3.2 million oz. currently defined in the last resource estimate, with more than 18 km of strike length still to be explored,” Mick

The company will keep drilling Marathon’s deposit extensions, “but new areas for open-pit resources could help us to reach our goal faster,” Walford says via email. “We want to see our current average production rate from the recent PEA move from 189,000 oz. gold on average over 10 years to 200,000 plus oz. over 10 years, just on open-pit material.” TNM

Endeavour improves Terronera’s metrics ENDEAVOUR From 1

sults from 2016’s US$4.1 million, 18,800-metre drill campaign that were not in the original study. The company would go on to spend US$1.9 million in 2017 on mapping, sampling and drilling at Terronera project, including 5,800 metres drilled in 25 holes on La Luz. The La Luz vein is 2.2 km northeast of the Terronera vein and is narrower, but shallower. The company has defined it 600 metres across and 250 metres deep, and it is open to depth. “We’ve done a bunch of drilling this year,” Cooke says. “Our biggest intercepts are in what looks like a feeder zone down at 400 metres’ depth.” The company will wrap up its 2018 drill program at the end of September. It started with a 10,000-metre infill and step-out campaign in the first half of the year, and followed up with a second 10,000-metre campaign, but stopped drilling just shy of 9,000 metres, after expanding Terronera’s inferred resources

and upgrading substantial tonnes to reserves. It also wanted to defer part of the budget to next year, in light of a cost-cutting program launched in August that resulted in changes at all its projects and offices. Cooke says the program is a response to a downturn in silver prices. “This is a very short-term, costcutting exercise,” Cooke says. “We’ll see real progress in the decline of the U.S. dollar and the rise of commodities, starting in December.” As part of the initiative, the company has delayed hiring for certain positions at Terronera and will not begin earthworks on the road or plant site until it has received the government permits for its mine dumps and plant tailings. The Mexican government granted Endeavour permission to build its plant last year, but it needs approval for water. “We want to put our mine dumps and plant tailings in valleys that have seasonal drainage,” Cooke says. “Those mines and dumps

Drillers at Endeavour Silver’s Terronera silver project. ENDEAVOUR SILVER

permits we believe are coming in weeks, not months, but we haven’t received them yet.” The company is optimizing its crushing circuit and reviewing power alternatives. It’s doing detailed

engineering studies on grid power versus liquefied natural gas, and could opt for a plan that uses both — first gas, and then grid power. It also wants to raise US$50 million of debt for its US$75-million

initial capital expense. The company has an offer for US$30 million that Cooke says it may accept once it has its permits. It is working on securing the remaining US$20 million. Once it has permits and debt financing, it will bring the project to the board for a development decision. Cooke expects this by early December 2018. He adds that because the company has already rolled out several underground silver mines of a similar scope, Endeavour will skip a feasibility study. “The studies I mentioned between now and December are actually feasibility-level studies, but they’ll be completed internally, and we don’t plan to publish a full feasibility report,” Cooke says. “The bankers are happy with the level of costing in the prefeasibility because most of it is actually feasibility-level costing.” Shares of Endeavour are trading at $2.99 with a 52-week range of $2.50 to $4.40. The company has a $381-million market capitalization. It has four mines operating in Mexico, and expects Terronera will increase production by 50%. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 1–14, 2018

Lithoquest drills kimberlite at North Kimberley in WA AUSTRALIA |

Microdiamonds found in outcrop earlier this year

BY RICHARD QUARISA

rquarisa@northernminer.com

ithoquest Diamonds (TSXV: LDI; US-OTC: CWVWF) hit undiscovered kimberlite mid-year with the first hole at the company’s 1804 target on its North Kimberley diamond project in Western Australia. It was the first kimberlite discovery in the area in 20 years. The company was drilling as part of its first fully f ledged exploration campaign at North Kimberly. It drilled five targets during the program, including 1804. It also carried out geophysical surveying and sampling — rock, loam and stream sediment — to try to identify other targets in the area for future drilling. The campaign based its targets on topographic features containing kimberlite indicators found in late 2017. “Kimberlites occur in clusters,” Lithoquest CEO Bruce Counts says during a telephone interview with The Northern Miner. “We already collected rocks in four quite different locations and got indicator minerals. We might be looking at a new field of kimberlites here.” He goes on to say that he formed Lithoquest to acquire and explore this property. Counts’ interest in the North Kimberley dates back to 2015, when a colleague of his, Mike Dufresne, told him about rock samples collected in Western Australia in 2007. Dufresne was trying to sample a kimberlite in the area called the KGB2 dike. According to Counts, not a lot is known — in the public domain at least — about KGB2, but it’s supposed to be located on top of the plateau that now hosts Lithoquest’s project. Dufresne landed in the KGB2 area and collected several rock samples that he thought could be weathered kimberlite. “The rocks that Mike collected were fantastic,” Counts says. “The mineral chemistry is amongst the best I’ve seen in my career, and I’ve been in diamonds for quite a long time.” Counts worked as a project geophysicist for BHP Billiton on the Ekati diamond mine in Northwest Territories, from before the discovery right through to mine construction. As Canada’s first diamond mine, Ekati began production in October 1998. It has produced 67.8 million carats, with a mine life that extends to 2034. The largest gem-quality diamond it has produced was 186 carats. Dufresne got his KGB2 results in time for 2008’s financial crisis, and had difficulty attracting interest in the project. On top of that, Counts says the mineral chemistry of the rocks Dufresne collected didn’t match up with what is known about KGB2. What excited Counts, however, was that the rocks came from an area that had not had glaciation for hundreds of millions of years. The only things moving around rocks in the area are wind and water. “Indicator minerals in loam samples can travel much farther than in rock,” Counts says. “You’ve got to be pretty close to the source in this part of the world if you’re finding rocks that have indicator minerals in them.” The company formed in 2016 and went to collect more rock samples

Dave Skelton (left), principal technical consultant, and Bruce Counts, Lithoquest Diamonds CEO, at the North Kimberley diamond project in Australia. LITHOQUEST DIAMONDS

from the property in April 2017. The results showed kimberlite indicator minerals in four locations across the project. It gave them the confidence to make the company public. Lithoquest did a short geophysics and sampling program at the property in December 2017. It recovered three micro diamonds from a 10.06-kilogram outcrop rock sample at its 702 target. Two were yellow and

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one grey, and all ranged between the +0.1 mm to -0.3 mm size fraction. With the company’s first field program behind it, Lithoquest awaits lab results it expects to see in the fourth quarter of 2018. The company’s field season stays open until December, when Western Australia’s wet season begins. It closes at the end of March. The company says it may go back

to develop new drill targets for 2018 and put in more work at 1804. “Until the wet season starts you can drive right out into the property, so it’s pretty easy to send a geologist or a small crew of guys to go in and do some work on the property before the end of the year,” Counts says. Shares of Lithoquest are trading at 27¢ with a 52-week range of 14¢ to 88¢. The company has a $12-million

market capitalization. It has more than $2 million in cash. “People have been pulling diamonds out of stream-sediment samples up on this plateau in particular for 40 years,” Counts says. “So there are diamonds around, but nobody has found the sources, as far as I can discern.” Lit hoquest hopes to be t he first. TNM

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OCTOBER 1–14, 2018 / THE NORTHERN MINER

Silver-zinc mineralization at Aztec Minerals’ Tombstone deposit in southern Arizona. AZTEC MINERALS

An explorer stands beyond historic mining zones at the Tombstone district. AZTEC MINERALS

Aztec chases silver-zinc deposits at Tombstone ARIZONA

BY RICHARD QUARISA rquarisa@northernminer.com

ztec Minerals (TSXV: AZT; US-OTC: AZZTF) has started surface exploration at its newly optioned Tombstone silverzinc district, 104 km southeast of Tucson, Arizona. The company is chasing multiple mineralization types, but mostly carbonatereplacement deposits — like at South32’s recently acquired Taylor zinc project, 65 km southwest of Tombstone in southern Arizona. Tombstone is the second project for the relatively new company. It controls nearly all the historic, patented land in the district. In an interview with The Northern Miner, Aztec chairman Brad Cooke says there are dozens of old mines on Aztec’s ground. “Even though we’re just starting, Tombstone has a tremendous amount of history and some real obvious targets,” Cooke says. The company aims to refine targets for a first round of drilling. The first phase of work at Tombstone includes $139,000 of mapping, soil and rock sampling, trenching and airborne geophysical surveying. The company is interested in two mineralization styles. The first style is an epithermal mineralization found at the district’s biggest past producer: the old open-pit, heap-leach Contention gold-silver mine. Cooke says the company believes the old mine still has “quite significant upside.” Aztec found historic drill data

Published by:

| Brad Cooke-led junior eyes Taylor lookalike “The only rock you’ll find out million measured and indicated “EVEN THOUGH tonnes grading 4.3% lead, 4.1% there will be your own tombstone.” WE’RE JUST zinc and 59.5 grams silver, or 10.4% So the story goes, at least. zinc equivalent. Apaches attacked Schieffelin STARTING, Previously named Wildcat Min- and his party, forcing them into TOMBSTONE HAS ing, Arizona Mining had focused hiding. Schieffelin used the time on a historic silver mining camp to prospect, and eventually left A TREMENDOUS called Hermosa. When it ran into the army. He found a silver vein AMOUNT OF metallurgical problems, it shifted its and staked a claim — right next HISTORY AND SOME focus from silver to zinc, chasing a to the grave of a scout killed in the historic hole on the property. The Apache attack. REAL OBVIOUS hole led to Taylor, lying below the Schieffelin brought samples of his TARGETS.” silver district. claim across the state to the McBRAD COOKE CHAIRMAN, AZTEC MINERALS

sets that may support this belief. In the early 1990s, USMX drilled 6,100 metres in 63 holes and MPV Capital drilled 1,900 metres in 14 holes in areas that were never mined. Aztec intends to release those results in mid-September, after they are verified. The company also has a 1993 historic resource by USMX that outlines 1.15 million near-surface tonnes grading 1.79 grams gold per tonne. “But by far the bigger opportunity is what we call carbonatereplacement deposits below the historic mines and below the Contention pit,” Cooke says. “We are looking at what we would call a Taylor deposit lookalike.” South32 recently acquired Taylor when it bought Arizona Mining for US$1.3 billion. Taylor is a carbonate-replacement, massive sulphide deposit that contains 91.5

“Tombstone looks remarkably similar,” Cooke explains. “We have a historic district up in a particular rock formation. The rock formation is only 200 metres thick and then there’s an unconformity, and you’re down into the same host Paleozoic limestone at Tombstone that hosts the Taylor deposit.” Cooke notes that none of the historic mines at Tombstone were able to process any significant mineralization. At Contention, for example, the operators hit sulphides in the late 1800s and early 1900s, but didn’t have the technology to extract metals from them. Although its mineral prospectivity remains to be proven, the Tombstone district is rich in American frontier lore. In the mid-1800s, the American army sent groups of scouts to the area looking for Native Americans. One scout, Ed Schieffelin, joined so he could prospect the area part-time. When his army friends found out what he was doing, they told Schieffelin:

Cracken mine in Signal City, Ariz., where his brother Al worked. He got them assayed by a man named Richard Gird. The two brothers and Gird later formed a business partnership when the samples were found to grade high in silver. From 1878 to 1939, the Tombstone district produced an estimated 32 million oz. silver. Aztec expects to finish its first phase of exploration by September and release results in October. It will soon begin two weeks of trenching. Because the property is patented land, the company does not need permits to begin trenching. Aztec optioned the Tombstone properties from Baroyeca Gold & Silver (TSXV: BGS) in late 2017. The properties total 1.6 sq. km of patented claims and another 0.09 sq. km of unpatented claims. Aztec can acquire a 75% interest in the district by spending $1 million on exploration, issuing Baroyeca 1 million shares and paying Baroyeca $100,000 over three years.

Aztec went public last May with only its Cervantes gold-copper project in Sonora, Mexico, under option from Kootenay Silver (TSXV: KTN; US-OTC: KOOYF), as a substantive asset. “We used a chunk of the initial public offering money last year and this year to do the phase-one drilling at Cervantes,” Cooke says. “And we had some pretty nice results.” The company defined porphyrytype copper-gold mineralization at Cervantes over 800 metres. Highlights include 160 metres from surface grading 0.77 gram gold, 0.13% copper and 3.4 grams silver, as well as 98.5 metres from surface at 0.41 gram gold, 0.13% copper and 2.2 grams silver. In March, the company expanded its land package at Cervantes sixfold when it won two concessions totalling 31.5 sq. km in a Mexican government land lottery. It’s wrapping up a phase-two surface exploration program at Cervantes now. The company is studying the leaching characteristics of the Cervantes core and aims to announce those results by November. It’s also pursuing an acquisition. Next year, it will look to drill more, including a third phase of drilling at Cervantes. Shares of Aztec are trading at 22¢ with a 52-week range of 14¢ to 38¢. The company has a $6-million market capitalization. “We’re very excited by the opportunity to identify and ultimately drill Taylor lookalike targets at Tombstone,” Cooke says. TNM

MAKE SENSE OF THE MINING INDUSTRY Mining Explained is a 164-page reference manual (written in layman’s language) that includes the following chapters: Basic Geology • Ore Deposits • High-Tech Prospecting Sampling & Drilling • Mining Methods • Processing Ore • Mining & the Environment • The Mining Team • The Business of Mining • Feasibility: Does it Pay? • Metal Markets • Making Sense of the Numbers • Investing in Mining • Glossary of Mining Terms

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QUEBEC A drill rig at Bonterra Resources’ Gladiator gold project, 170 km northeast of Val-d’Or, Quebec. BONTERRA RESOURCES

Mason Graphite’s Lac Guéret leads the field in Quebec GRAPHITE

| Focus Graphite eyes lithium-ion battery market

BY BRIAN SYLVESTER

CADILLAC FAULT

| CEO calls flagship ‘biggest unexploited resource’

Special to The Northern Miner

f graphite mining has a home in Canada, it is surely in Quebec. The earliest known producing graphite mine in the province, and possibly the country, was the Miller mine, situated in Grenville Township, 80 km west of Montreal. It was worked in the mid-1800s and most of the graphite was used in then-modern technology as a dry lubricant, because folks understood that graphite would withstand heat better than oil-based lubricants. Only a handful of graphite mines in La Belle Province have cycled in and out of production since ol’ Miller, but one has been in production for almost 30 years: the Lac des Îles mine, which was brought into production by Stratmin Graphite in 1989. The venerable Lac des Îles — currently the only operating graphite mine in North America — is now owned by Imerys Graphite and Carbon, a division of the French multinational firm Imerys. Benoit Gascon, the man who once helmed Stratmin, now leads Mason Graphite (TSXV: LLG; US-OTC: MGPHF) as its CEO. Mason is developing the Lac Guéret f lake graphite project in northeastern Quebec, 300 km north of Baie-Comeau. The junior is one of a scattering of publicly traded companies in the province seeking to convert graphite projects into producing mines. Mason Graphite “hopes to put into production and operate the second graphite mine in North America. There’s only one today, but it is close to being depleted,” Gascon said during a recent interview with BNN. Gascon joined Mason after the firm bought Lac Guéret from Cliffs Natural Resources (NYSE: CLF) in 2012. He was familiar with the

Monarques Gold bets big on Quebec BY TRISH SAYWELL tsaywell@northernminer.com

t has a ma rket capita lization of just $40.8 million, but Monarques Gold (TSXV: MQR; US-OTC: MRQRF) has a lot going on across its 300 sq. km of gold properties in Quebec. Its flagship Wasamac project, 15 km west of Rouyn-Noranda in the heart of the Abitibi, contains 30 million measured and indicated tonnes grading 2.70 grams gold per tonne (or a contained 2.6 million oz. gold) that could be mined from underground as a bulk-mining operation. Monarques is on track to complete a bankable feasibility study on the project in December. That, says Monarques president and CEO Jean-Marc Lacoste, should convince the market that the company is undervalued, and should be taken seriously. “Thisisoneofthebiggestunexploited

Bulk-sample collection in 2014 at Mason Graphite’s Lac Guéret graphite project in Quebec. MASON GRAPHITE

project after being part of an Imerys team that had done its due diligence on various graphite projects throughout the world. Other Imerys team members included current Mason Graphite chief financial officer Luc Veilleux and vice-president of process development Jean L’Heureux. “The team there has brought a (graphite) mine into production before in Quebec, and they actually have relationships with end users … and it’s all a relationship-based market, not a true commodity-type

See MONARQUES / 12

market. It’s more involved than a typical mining project,” says Ahmad Shaath, an equity research analyst with Toronto-based Beacon Securities. Mason completed a feasibility study on Lac Guéret in 2015 and recently updated the numbers. The key to Lac Guéret is grade. The reserves at Lac Guéret total 62.8 million tonnes grading 17.2% graphitic carbon, but the proposed operation would only mine 4.7 milSee GRAPHITE / 10

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OCTOBER 1–14, 2018 / THE NORTHERN MINER

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Mason Graphite’s Lac Guéret leads the field in Quebec de solidarité FTQ. The junior could also raise funds by selling some or all of its 25% stake in NanoXplore (TSXV: GRA), which bills itself as Canada’s largest producer of graphene powder for industrial use, and has a $115-million market capitalization. (Graphene is a collection of atomthick, two-dimensional layers of carbon arranged in honeycomb-lattice shapes. It is incredibly light, yet 200 times stronger than steel — possibly the most promising nano material yet, given its strength and that it conducts electricity better than any known metal). Mason Graphite has 135.9 million shares outstanding and a $139-million market capitalization. The stock trades in a 52-week range of 91¢ to $3.15. In mining, there is a saying that mostly holds true: the best place to look for a new mine is in the shadow of a head frame. While there is no headframe at Lac Guéret (especially given that any mining would be done via open pit), Mason Graphite now has a neighbour: Berkwood Resources (TSXV: BKR). The junior is developing the earlystage Lac Guéret Extensions project, which borders Mason’s Lac Guéret to the east and south. Berkwood holds a 100% interest the Lac Guéret East Block, consisting of 38 claims covering 20.5 square kilometres. In May, Berkwood announced that eight of nine diamond drill holes intersected mineralization during the third drilling phase on Zone 1 at the company’s Lac Guéret South Project, which consists of 106 claims over 57 square kilometres. One hole returned 17.37% graphitic carbon over 131 metres, with a true thickness of 88 metres. Berkwood has drilled just over 4,000 metres on its claim blocks, and all 27 holes so far have hit graphite mineralization. Last year the company quintupled its landholdings in the area. Berkwood has 39.7-million shares and trades in a 52-week range of 7¢

GRAPHITE From 9

lion tonnes, which would allow for an open pit at a head grade of 27.8% graphitic carbon, and a low stripping ratio of 0.8 to 1. The feasibility study says the project could produce 51,900 tonnes of graphite concentrate annually for 25 years. The current global market for flake graphite is 650,000 tonnes, with most production coming from China. The cost per tonne in the feasibility rings in at $376, but Shaath’s model pegs cash costs at $425 per tonne. He says at current graphite prices that should provide a margin of $1,000 to $1,100 per tonne, but it is rarely that simple. “The tricky thing with graphite is that you’re not always guaranteed to get the flake distribution that you have in the ground. Some of the stuff you end up producing may have no value in the marketplace. It’s not like gold or copper, where you just produce it and sell it in the market. You need to be able to produce [graphite] at the specifications people want, and at the end of the day you need a basket of [graphite] products to realize a certain price that offsets your costs,” Shaath says. Evidence of what Shaath is talking about can be found at Imerys’ nascent Otjiwarongo graphite mine in Namibia. During a recent conference in London, an Imerys spokesperson said graphite production has been slowed by problems related to “geology and processing.” Similar teething problems are occurring as Syrah Resources (USOTC: SYAAF) ramps up production at its mammoth Balama mine in Mozambique, which is capable of producing 350,000 tonnes of flake graphite annually. Mason needs $200 million to build Lac Guéret. The junior already has 35 institutional shareholders on board, including Fidelity Investments and Quebec government-backed firms Ressources Québec; Caisse de dépôt et placement du Québec; and Fonds

to 47¢ per share. Focus Graphite (TSXV: FMS; USOTC: FCSMF) is another junior with a high-grade flake graphite deposit. The advanced-stage Lac Knife project is situated in an established iron mining district near Fermont in Quebec’s portion of the Labrador Trough, 500 km north of Baie-Comeau. Lac Knife boasts an open pit reserve of 7.85 million tonnes grading 15.13% graphitic carbon for 1.19 million tonnes graphite (at a 3% graphitic carbon cut-off grade). The stripping ratio would be 1.26 to 1 during the first five years of production, then jumps to 1.7 to 1. A 2014 feasibility study projected concentrate production of 44,300 tonnes annually at a cost of $441 per tonne. The average selling price used in the study was US$1,713 per tonne — well above current prices in the US$1,600- to US$1,800-pertonne range. Focus would need $170 million to build the mine, with pre-tax payback taking three years. Pilot plant metallurgical tests from a 10-tonne bulk sample brought a 98% carbon graphite concentrate, with an average flake size greater than 200 mesh. The operation would ship concentrate to the deepwater port at Sept-Îles, Quebec. In a corporate presentation in January, Focus president and CEO Gary Economo said the company looks to build a plant in Sept-Îles that would upgrade the Lac Knife concentrate for use in lithium-ion batteries, and other value-added applications. The company has done some testing that shows natural-flake graphite used in anodes boosts the capacity of coin-sized, lithium-ion batteries. Most anode graphite used in lithium-ion cells comes from synthetic graphite made from petroleum coke. The company trades in a 52-week range of 2–10¢, with 348 million shares outstanding. Lomiko Metals (TSXV: LMR), meanwhile, is working on its La Loutre property, 50 km east of

A road on Lomiko Metlas’ La Loutre graphite property in Quebec. LOMIKO METALS

Imerys’ Lac des Îles mine. Drilling on La Loutre has outlined a National Instrument 43-101 compliant resource of 18.4 million indicated tonnes grading 3.19% graphitic carbon at a 1.5% cut-off grade. Another 16.7 million inferred tonnes grade 3.75% graphitic carbon. The resource was calculated on the Graphene-Battery zone and does not include an intercept of 28.5 metres running 16.53% graphitic carbon on the property’s Refractory zone. Lomiko also owns the Quatre Milles property, situated 175 km northwest of Montreal, near the village of Sainte-Véronique, Quebec. The wholly owned claim block covers 16.4 square kilometres. One drill hole in 2012 hit 70 metres running 2.17 graphitic carbon. In recent years the company has shifted its focus from graphite to downstream pursuits, including mining cryptocurrencies. Lomiko owns 20% of Promethieus Cryptocurrency Mining, while Lomiko CEO Paul Gill owns another 42%. Cryptocurrency “mining” involves compiling recent cryptocurrency transactions into blocks (better known as “blockchain”) and trying to solve a difficult puzzle. This requires a computer with a lot of horsepower and a full-time Internet connection. One such computer — the Bitmain Antminer S9, for example — sells for $7,500, and Promethieus says earns a profit of 0.0283 per Bitcoin, or US$255 per month, based on 0.12 kWh. Promethieus was launched to put a number of these computers to work mining cryptocurrencies.

Discovering Opportunities in Canada ESTRADES - Former Producing High-Grade VMS Mine in Quebec 3 Drilling the former producing mine and targeting other VMS and gold deposits along 3 trends on 20,000+ hectares. 3 Reported 15% and 80% increases in respective high grade Indicated and Inferred Resources, and remains wide open. Estrades Resources Estimate Category

Tonnes

Au Eq

Zn Eq (%)

(g/t)

(%)

(000 oz)

(000 lb)

(000 oz)

(000 lb)

Indicated Inferred

1,497 2,199

11.28 7.36

20.75 13.54

3.55 1.93

122.9 72.9

7.20 4.72

1.06 1.01

0.60 0.29

543 520

584,717 656,194

171 136

5,912 5,152

237,623 228,824

34,983 48,964

19,802 14,059

(000)

(g/t)

(%)

AuEq

Zn Eq

CLARENCE STREAM - An Emerging Gold District in New Brunswick 3 Drilling to expand the high-grade gold resource and the many gold anomalies on the 60,000+ hectare land position. 3 A significant new discovery not in resource, the GMZ, was drilled over a 500-metre strike length and remains wide open. Clarence Stream Resource Estimate Open Pit Class

Underground

Tonnes (000)

Au (g/t)

Au (000 oz)

Measured

236

1.81

13.7

Indicated

5,675

1.86

338.4

M&I

5,910

1.85

352.2

Inferred

2,723

1.87

153.1

Tonnes (000)

267 862

Au (g/t)

4.39 4.48

Total Resource Au (000 oz)

37.8 124.1

Tonnes (000)

Au (g/t)

Au (000 oz)

236

1.82

5,941

1.97

376

6,178

1.96

390

3,409

2.53

277

For Resource Notes please see Galway Metals Press Releases dated September 26, 2017 and September 20, 2018 at

WWW.GALWAYMETALSINC.COM – TSX-V:GWM

Lomiko Technologies — wholly owned by Lomiko Metals — holds a 20% stake in SHD Smart Home Devices, an early-stage developer of automated energy-saving and home security products, and 40% of Graphene Energy Storage Devices, which does pretty much what its name suggests. The market seems nonplussed about these endeavours. Lomiko has 40 million shares outstanding and a $2.6-million market capitalization. The stock trades in a 52-week range of 4¢ to 30.5¢. Canada Carbon (TSXV: CCB) is developing the 100 sq. km Miller hydrothermal lump-vein graphite project, 80 km west of Montreal, on the same site that hosted the original Miller graphite mine in 1845. A 2016 preliminary economic assessment on Miller outlines different mining phases. Phase one would see graphite, and what the company calls architectural-grade marble, extracted from three open pits on the Miller property. The two graphite pit shells contain a combined resource of 920,000 inferred tonnes grading 2% graphitic carbon, at a 0.8% cut-off grade, for a total of 19,000 tonnes contained graphite. The Marble pit contains 1.5 million inferred tonnes grading 0.82% marble, at a 0.6% cut-off grade, for 1.52 million inferred tonnes marble. The Marble pit also hosts 1.2 million inferred tonnes grading 0.53% graphitic carbon, at a 0.4% cut-off grade, for a total of 6,200 inferred tonnes. The PEA suggests the operation could produce 150,000 tonnes of architectural marble annually, which would sell for $184 per tonne and cost $54 per tonne to produce. Canada Carbon would build a flotation plant at Miller and another thermal treatment plant at its Ashbury site, 150 km northwest. Using a proprietary thermal treatment process, the operation would produce 1,500 tonnes of thermally treated graphite annually. Treated graphite grades using the proprietary process have reached 99.9995% to 99.9998% graphitic carbon. The PEA estimates Miller’s total life-of-mine capital costs at $50 million, including the thermal upgrading plant at Ashbury. The company hopes its highpurity, “nuclear-grade” graphite can be used in pebble bed nuclear reactors. Canada Carbon says nuclear-grade graphite could fetch as much as US$18,0000 to US$35,000 per tonne, while the costs per tonne of its refined graphite are modelled at $8,666 per tonne in the PEA. The high-purity graphite could also be used in aerospace applications and electronic devices, such as laptops and smartphones. Shares in Canada Carbon trade in a 52-week range of 4–17¢. It has a $10.6-million market capitalization, with 106 million shares outstanding. Other graphite companies operating in Quebec include Saint Jean Carbon (TSXV: SJL; OTCQB: TORVF) and its Bell, Walker and Clot Clump projects in the province’s south; and Nouveau Monde Graphite (TSXV: NOU; US-OTC: NMGRF) and its Matawinie project, north of Montreal. —Based in Toronto, Brian Sylvester is a freelance business writer specializing in mining.

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THE NORTHERN MINER / OCTOBER 1–14, 2018

“Our goal is to deliver a world class graphite resource”

TSX-V:L MR OTCQB:LMRMF FSE:DH8C

· · · · · · · · ·

2,867.29 Ha Property 2 Zones out of 10 drilled Road to the Property Built 192 km Highway to Port of Montreal 53 km to Imerys Graphite Mine – 25MT, including 5.2MT open pit at 7.42% Cgf Near Surface Mineralization Open Pit, Large Scale Target 10% Cg Zone Discovered

“

* Length along the core. The company does not have enough information to estimate the true width of the mineralized zone intersected in the drill holes.

Electric vehicle (EV) batteries need 10-15 times more graphite than lithium. By 2040, half the cars on the road will be EVs. Increasing graphite demand will improve the economics of the project and the value of our company. — Paul Gill, CEO Lomiko Metals Inc.

info@lomiko.comn

www.lomiko.com

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OCTOBER 1–14, 2018 / THE NORTHERN MINER

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Monarques Gold bets big on Quebec MONARQUES From 9

gold resources on the Cadillac fault,” Lacoste says in an interview. “There is no other project on the Cadillac fault in the gold space that represents this big an asset, at this development stage.” Wasamac could produce between 150,000 and 200,000 oz. gold a year for at least a decade, he says. It would create 400 jobs, and could be put into production — “at the speed we are going” — by 2022. “We will let the feasibility study show the world the potential and then we will definitely sit down with potential partners to put this project forward,” he says. “Wasamacwillneed$400-million-plus in capex, so we’ll need a partner. We can’t come up with that size of money.” CapexcouldbeloweredifMonarques doesn’t end up building a mill, however, and given that the project sits on the Ontario Northland Rail system, any mining company that wants to partner withMonarquescouldshipthematerial to another mill, saving $150 million. Lacoste likens the project to Agnico Eagle Mines’ (TSX: AEM; NYSE: AEM) Goldex and Alamos Gold’s (TSX:AGI;NYSE:AGI)Young-Davidson mines — both underground, bulkmining operations, within 100 km of Wasamac. “It’s reasonable grade when you compare it to some other underground operations,” he says of Wasamac’s 2.7 grams gold per tonne. “Goldex is mining 1.8 grams and Alamos is mining 3 grams, so Wasamac’s grade is decent, but you’d need to have north of 4,000 to 5,000 tonnes per day to make it profitable, and in our case, we’ll be doing 6,000.” The mineralized widths at Wasamac allow for a much larger bulk-mining operation.

“The zones are humongous — 70 metres wide by 200 to 300 metres long — so it’s not your typical, narrowvein mine in the Abitibi,” Lacoste says. “It will be easier to process because we’re not following 1- to 2-metre veins. These are much wider. It’s more like disseminated 20- to 70-metre zones of widths, so it’s much more disseminated to mine and follow.” InAugustMonarquesacquiredproperty next to Wasamac that it plans to use for mining facilities. The property is furtherawayfromthelocalcommunity and includes a more than 1 km stretch along the Trans-Canada Highway and Ontario Northland Railway. Goldmineralizationonthe7.6sq.km property was found in 1936, and the historic Wasamac mine produced gold intermittently between 1965 and 1971. During that time, 252,920 oz. gold was produced at a grade of 4.16 grams gold. While Wasamac makes up 80% of the company’s net asset value, Monarques’ other assets in the province are noteworthy, too. At its Croinor gold project — 50 km east of Val-d’Or — a 20,000-metre diamond drill program that kicked off in March has already confirmed grades for bulk-sampling areas, and continues to expand the deposit at depth and to the west. Highlights of the program reported in the first week of September included 8.24 grams gold over 9 metres, with 26.38 grams gold over 2.6 metres, from 328verticalmetresbelowsurfaceinhole 18-606. Another hole, 18-610, returned 5.67 grams gold over 7 metres just below the 500-foot-level drift of the old Croinor mine. A third hole, 18-601, cut 5.30 grams gold over 1.1 metres from 336 metres below surface. The Croinor deposit was discovered in 1940 and is hosted in a

Monarques Gold’s past-producing Wasamac gold project in Quebec, as seen in 1984. MONARQUES GOLD

sheared diorite sill 3 km long by 60 to 120 metres wide. Mineralization is associated with pyrite found at quartz-tourmaline veins. “The goal with Croinor — which is a fully permitted mine with a fouryear mine life — is to try to increase the mine life to maybe five or six, or seven years, and if we can do that, the project could be a standalone, and it would be easier to finance,” Lacoste says. The drill program will continue until Christmas and will help Monarques better understand the deposit’s highgrade zones. MonarquesisalsobusyonitsMcKenzie Break and Swanson gold properties, which are near the company’s Camflo and Beacon mills, and which it bought from Agnico in December 2017 for $4.6 million. The two properties are 30 km apart and offer potential for open-pittable resources. At the McKenzie Break — 25 km north of Val-d’Or, 20 km north of Monarques’ Beacon mill and 9 km south of the rail link with Barraute and Senneterre — a 8,350-metre drill program began on Sept. 13. The 3.3 sq. km project hosts a

high-grade gold deposit and has surface and underground infrastructure — including a ramp 80 metres below surface. Monarques finished a pit-constrained and underground resource estimate for the project in June. McKenzie Break has a pit-constrained indicated resource (at a cut-off grade of 0.52 gram gold) of 939,860 tonnes grading 1.59 grams gold for 48,133 contained oz. gold and an inferred resource of 304,677 tonnes grading 1.52 grams gold for 14,897 oz. gold. The underground resource (at a cut-off grade of 3.5 grams gold), measures 281,739 indicated tonnes grading 5.90 grams gold for 53,448 contained oz. gold, and 270,103 inferred tonnes grading 5.66 grams for 49,130 oz. gold. At the Swanson property, 65 km from the Beacon mill and 12 km northeast of Barraute, Monarques completed a pit-constrained and underground resource estimate in June. Swanson’s total indicated resource is 1.64 million tonnes grading 1.86 grams gold for 98,051 contained oz. gold and an inferred resource of

72,000 tonnes grading 2.99 grams gold for 6,917 contained oz. gold. Eventually, mineralized material from the 51 sq. km project could be sent by train to Monarques’ Beacon mill, as the rail line is directly on the property. Swanson already has a 500-metre ramp down to 80 metres’ depth. Monarques’ other significant asset is the Beaufor underground gold mine, 20 km northeast of Vald’Or. The mine will go on care and maintenance on Dec. 14, because it was losing money. The company has found mineralized zones at the mine, but can’t reach them without more development. “We wanted to give ourselves some breathing room so that when we restart it in the coming months and quarters, we’d have many years of mine life in front of us,” he says. “It was a tough decision, but our shareholders wanted to make money — and we were losing money.” The company will continue exploration at the mine, however. As of June 30, Monarques had $15 million in the bank — $4 million of it flow through that will be spent before year-end. The junior has no debt, although it owes Agnico $4-million worth of stock over the next four years, as partial payment for the McKenzie Break and Swanson properties. In the meantime, Monarques needs to get its valuation to “the right level,” Lacoste says. Its stock is trading at 18¢ a share within a 52-week trading range of 14¢ to 42¢. Says Lacoste: “It’s a bit scary in this environment,butwehavealotgoingon, and we are an up-and-coming force in Quebec.” TNM

Telephone: 514 384-2202 Toll free in North America 1 855 384-2202

110 Place Crémazie West, Suite 430 Montreal, Quebec H2P 1B9

We wish to thank all of our stakeholders for their on-going support! Amit Gupta

CEO & Chairman of the Board

Gerald Riverin

Yorbeau Resources has a new trading symbol, TSX: YRB

President

George Bodnar, Jr. Vice-president

Please visit our website at: www.yorbeauresources.com

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Eight companies pushing projects towards production There’s been a buzz of activity in La Belle Province throughout 2018, with junior and mid-level gold explorers and developers taking the lead. Here is a look at eight companies now advancing gold and base metal projects. BONTERRA RESOURCES Bonterra Resources (TSXV: BTR; USOTC: BONXF) says it is fast-tracking four gold deposits in Quebec to create “one of the highest-grade gold projects in Canada.” The project is its wholly owned, high-grade Gladiator gold project in the Urban-Barry greenstone belt, 170 km northeast of Val-d’Or, which is comprised of two next-door properties named Arena and Coliseum. The Gladiator gold deposit has an inferred resource of 905,000 tonnes grading 9.36 grams gold per tonne for 273,000 contained oz. gold, according to a 2012 study. A new resource estimate is due before year-end, and it will incorporate 60,000 metres drilled in 2017 and 70,000 metres planned for 2018. Drill results released in April 2018 show a sixth parallel gold zone at Gladiator, while infill drilling confirms the continuity of the deposit’s other zones. Preliminary metallurgical studies at Gladiator from earlier in 2018 show total gold recoveries of up to 99.4%, including 76.1% from a gravity circuit. Bonterra’s major shareholders include Eric Sprott, VanEck Gold Fund and Kirkland Lake Gold. In September 2018, Bonterra closed its all-share acquisition of Metanor Resources —first announced in July — which brings Metanor’s fully permitted Bachelor mill into the Bonterra fold, to likely process future ore from Gladiator. Bonterra will spin off its Larder Lake high-grade gold project across the border in Ontario — where resources in all categories are just shy of 1 million oz. gold — into a new company to be called “Gatling Exploration,” which will launch with $7 million in its treasury. DURANGO RESOURCES Don’t be misled by the name: Vancouver-based Durango Resources (TSXV: DGO; US-OTC: ATOXF) is all about exploring for minerals in Canada. Its flagship project is the NMX East lithium property in northern Quebec, which Durango describes as being “adjacent and within a few kilometres of one of the world’s most important spodumene lithium hard rock deposits” — Nemaska Lithium’s (TSX: NMX; US-OTC: NMKEF) Wabouchi deposit and hydrometallurgical plant. Durango has discovered lithiumbearing pegmatites at NMX with what it calls “anomalous lithium values, which suggest discovery potential.” Durango’s other assets include limestone projects in northern B.C., the Trove gold property in the Quebec Windfall Lake area and the Dianna Lake silver project near Uranium City, Saskatchewan. Durango’s board is composed only of women: CEO Marcy Kiesman, chief financial officer Veronica Liu; Twila Jensen and Thea Koshman. EASTMAIN RESOURCES Toronto-based Eastmain Resources (TSX: ER; US-OTC: EANRF) has been exploring for high-grade gold in Quebec’s James Bay region for

decades, but has come up with a new tag line for its assets: the “Triangle of Success.” Within the triangle are Eastmain’s three main assets: the Clearwater project, host of the high-grade Eau Claire resource, amenable to open-pit and underground mining; the Eastmain Mine project, a pastproducer with updated resources and growth potential; and the Éléonore South Joint Venture with Goldcorp (TSX: G; NYSE: GG) and Azimut Exploration (TSXV: AZM) on a large land package next to Goldcorp’s Éléonore mine — the region’s largest gold mine. As of February 2018, measured and indicated resources at Eau Claire total 4.3 million tonnes at 6.18 grams gold for 193,000 contained oz. gold, plus there are 2.4 million inferred tonnes at 6.53 grams gold for 500,00 contained oz. gold. The Eastmain mine project hosts 899,000 indicated tonnes at 8.19 grams gold per tonne for 237,000 contained oz. gold, plus 579,000 inferred tonnes at 7.48 grams gold. The resource also has minor copper and silver. At the joint-venture property, Eastmain is exploration manager and has presented its partners with a $2.5-million budget for 2,000 metres of trenching and 5,800 metres of drilling on two gold targets. ELDORADO GOLD Globe-trotting, mid-tier gold and base metals producer Eldorado Gold (TSX: ELD; NYSE: EGO) finally has a mining asset in its home country of Canada, thanks to its acquisition of Integra Gold and its Lamaque underground gold mine in Val-d’Or, Que., where commercial operations are to begin in 2019. In March 2018 Eldorado declared a maiden reserve of 893,000 oz. gold for Lamaque’s Triangle zone, with measured and indicated resources of 1.3 million oz., and 1.3 million oz. of inferred resources. Eldorado plans on an initial sevenyear mine life at Lamaque, with production averaging 117,000 oz.

gold per year. For 2018 at Lamaque, exploration is budgeted at $7 million and capital expenses are forecast at $120 million, including $20 million of capitalized mine-operating costs. The company says it expects to extract 200,000 tonnes of ore grading 8.03 grams gold per tonne containing 40,000 oz. gold, and anticipates toll milling part of the ore and producing 25,000 to 35,000 oz. gold. Eldorado also has assets in Romania, Greece, Turkey and Brazil — including four operating mines. GALWAY METALS Toronto-based Galway Metals (TSXV: GWM; US-OTC: GAYMF) has its flagship Clarence Stream gold project in New Brunswick, but it is also active at its past-producing, high-grade Estrades polymetallic project in northwestern Quebec, 95 km north of the town of La Sarre. Galway argues that it has a “new vision for two previously misunderstood projects” that present it with a “golden opportunity.” Estrades is a volcanogenic massive sulphide deposit with a resource that’s been newly revised upwards to 1.5 million indicated tonnes grading 3.55 grams gold per tonne, 122.9 grams silver per tonne, 7.20% zinc, 1.06% copper and 0.60% lead. Another 2.2 million tonnes stand in the inferred category at 1.93 grams gold, 72.9 grams silver, 4.72 % zinc, 1.01% copper and 0.29% lead. This adds 1.2 million tonnes to the resource at similar grades, compared to the resource calculated in mid-2016. Breakwater Resources spent $20 million at Estrades in 1990, including building a ramp to 200 metres deep, a ventilation raise and associated infrastructure. Some 94,000 metres of historic drilling has been carried out at the site. Production at Estrades from 1990–1991 totalled 175,000 tonnes grading 6.4 grams gold, 172.3 grams silver, 12.9% zinc and 1.1% copper.

Galway plans to conduct a downhole geophysical survey on deep-hole 21, located below the Main Zone (west of the cross fault and below the mine workings), with follow-up drilling in January. Galway will also expand the best high-grade area east of the ramp and cross fault, as defined by the four strong drill holes, below and to the west. MAPLE GOLD MINES Vancouver-based Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) is redeveloping the 377 sq. km Douay gold project in the Abitibi region of Quebec. Maple Gold describes Douay as having an “established gold resource that remains open in multiple directions, with excellent infrastructure and several largescale, operating mines within this prolific mining district.” Maple says it is focused on expanding the known resource areas and testing discovery targets within the company’s 55 km of strike along the gold-rich Casa Berardi deformation zone. The company’s early 2018 drilling campaign included 21,100 metres of diamond drilling from 52 holes and 1,500 metres from 57 short, top-of-bedrock, reverse-circulation holes. It hopes to update the resource estimate at Douay during the first quarter of 2019. According to a March 2018 study, Douay holds open-pit resources at a 0.45 gram gold per tonne cutoff grade of 9.4 million indicated tonnes at 1.59 grams gold (479,000 contained oz. gold), plus 84.2 million tonnes at 1.02 grams gold (2.8 million oz. gold). PROBE METALS Toronto-based Probe Metals (TSXV: PRB; US-OTC: PROBF) is exploring for gold in Quebec’s Abitibi region, with its flagship being its Val-d’Or East gold project outside the city of Val-d’Or. Probe is led by president and CEO David Palmer and chairman Jamie Sokalsky — a former president and

CEO of Barrick Gold, with Probe Metals having been formed as a spinoff after Probe Mines Ltd. was bought by Goldcorp in 2015. Goldcorp still owns a 13.7% stake in the Toronto-based junior. Combining open-pit and some underground material, total indicated resources at Val-d’Or East stand at 9 million indicated tonnes grading 2.35 grams gold per tonne for 682,400 oz. gold, plus 9.3 million inferred tonnes at 2.41 grams gold for another 722,100 oz. gold. Probe has a $12-million exploration budget for 2018, which will include 85,000 metres of drilling for resource expansion and discoveries, plus engineering studies, environmental baseline studies and regional target generation. Last year’s drilling campaign totalled 83,000 metres. Probe says it is well-funded, with a cash position exceeding $35 million. YORBEAU RESOURCES Yorbeau Resources (TSX: YRB; US-OTC: YRBAF) is based in Montreal and led by Gérald Riverin. Its primary asset is its wholly controlled, 27 sq. km Rouyn gold property, which is located 4 km south of Rouyn-Noranda and covers a 12 km long stretch of the goldrich Cadillac-Larder Lake break, for a total 27 square kilometres. The property is divided into seven blocks: Augmitto, Cinderella, Durbar, Lake Gamble, WrightRouyn, Astoria and Lake Bouzan. In 2015, the company acquired several base metal properties in the Abitibi belt of Quebec and Ontario favourable to mine development. These base metal properties include the Scott Lake zinc-copper-gold-silver project near Chibougamau, Que., where Yorbeau completed a positive preliminary economic assessment (PEA) in December 2017 that shows a 16.6% pre-tax internal rate of return, with a net present value of $146 million at an 8% discount rate for a 2,500-tonne-per-day operation. The PEA proposes production of 12 million tonnes at grades of 4.14% zinc, 0.81% copper, 27 grams silver and 0.24 gram gold over a 15-year mine life. TNM

OCTOBER 1–14, 2018 / THE NORTHERN MINER

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Kintavar finds copper zone at Mitchi COPPER

| Irene zone shows potential for near-surface, folded sedimentary system in Grenville rocks

BY TRISH SAYWELL

tsaywell@northernminer.com

intavar Exploration (TSXV: KTR) has found a new mineralization zone at its Mitchi copper project in Quebec, after following a field of marble and calcsilicate boulders containing copper mineralization. The new zone, called Irene, is 550 metres north of the project’s main mineralized zone — Sherlock — and contains similar grades and mineralization, the company says. Kintavar says it has found a nearsurface and folded sedimentary system on the eastern part of its project area that has many of the characteristics of a sediment-hosted, stratiform, copper-type deposit. The property, 300 km north of Montreal, is in the northwestern part of the Central metasedimentary belt of the Grenville geological province. Kintavar says it was high-grade metamorphism and folding of the Grenville rocks that brought the mineralization to surface. Folding repeats the typically narrow, mineralized horizons into thick, mineralized packages that support open-pit mining, the company says. Stratiform copper deposits typically lie deep underground, but the mineralization at Mitchi is shallow and flat. Initial surface work at the project uncovered copper and silver mineralization over 20 km along three corridors — Sherlock, Watson and Nasigon — with grades ranging from 0.5% copper to 1% copper. Each corridor holds 10 km of favourable sedimentary units that are 5 to 7 km apart. The discovery of the Irene zone extends Mitchi’s exploration hori-

zon north into an area that Kintavar had not known contained favourable stratigraphy, based on historic mapping. Drill hole 1818 in the Irene corridor returned 10.9 metres of 0.14% copper and 0.89 gram silver per tonne from 12.1 metres’ depth, while drill hole 1819 cut 45 metres of 0.31% copper and 3.14 grams silver from 59 metres downhole, including 6.8 metres of 0.56% copper and 6.48 grams silver from 61 metres downhole. Drill hole 1820 intersected 7 metres of 0.27% copper and 2.61 grams silver from 10 metres downhole. “Finding new zones parallel to the main mineralization is very encouraging because it has the potential to significantly increase the mineralized volume of the project,” Kiril Mugerman, Kintavar’s president and CEO, tells The Northern Miner. “We see more and more new zones appearing from the work this summer, which speaks volumes about the success of our exploration approach. And having a new zone only 500 metres north of the Sherlock area brings more mineralization nearby, so both areas could be accessed by the same infrastructure.” Mugerman says that finding these parallel zones will be key if Mitchi is to become a major copper project. This year Kintavar is drilling 10,000 metres at the project. At the end of August, assays were reported from the first five holes punched into Sherlock, and all intersected the mineralized sedimentary unit over tens of metres. Drill hole 1814 returned 83 metres of 0.42% copper and 4.25 grams silver from 18 metres downhole, including 34.3 metres of 0.63% copper and 7.45 grams silver starting from 59.8 metres downhole. Drill

A large, mineralized rock exposure at Kintavar Exploration’s Mitchi copper property in Quebec’s portion of the Grenville geological province. KINTAVAR EXPLORATION

hole 1816 cut 92.8 metres of 0.25% copper and 2.19 grams silver from 19.2 metres downhole, including 24.7 metres of 0.50% copper and 4.97 grams silver from 42 metres downhole. Results from another 19 holes drilled at Sherlock are pending. Last year, channel samples from Sherlock returned 21.4 metres of 0.49% copper and 5.5 grams silver. Samples from the Watson corridor included 13.6 metres grading 0.54% copper, 5.29 grams silver and 0.57% manganese, and 3 metres of 0.61% copper, 6.02 grams silver and 0.53% manganese. The Nasigon corridor sampled 10 metres of 1.1% copper and 3.4 grams silver. Over 20% of the world’s copper production comes from stratiform copper deposits. They are typically of Proterozoic age and associated with large sedimentary basins and evaporates — such as the Katanga basin in the Democratic Republic of the Congo. Some of the world’s biggest deposits are Kupferschiefer and Udokan. Metals found in these types of deposits can include silver, lead, zinc, cobalt and manganese. In addition to what it thinks could be a sediment-hosted stratiform copper deposit on the eastern portion of its property, Kintavar says the western part of the project area

Workers on an outcrop at the Mitchi project. KINTAVAR EXPLORATION

hosts iron oxide copper-gold and skarn-type mineralization. The 300 sq. km project, 100 km north of the town of Mont-Laurier, is accessible by a network of logging and gravel roads. A hydroelectric power station lies 14 km east, and a railway line passes through the town of Parent,

50 km south. At press time, Kintavar’s shares traded at 32¢ within a 52-week range of 9.5¢ (December 2017) to 65¢ (February 2018). The junior explorer has 64.8 million shares outstanding for a $25-million market capitalization. TNM

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GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 1–14, 2018

Drill core at Osisko Mining’s Windfall Lake gold project, located between Val-d’Or and Chibougamau, Quebec. OSISKO MINING

Osisko confirms deep, high-grade zone at Windfall GOLD

| Explorer approaching ‘main source of the mineralizing system,’ CEO Burzynski says grade, resource-stage gold projects oz. gold and payable 557,000 oz. “WE ARE CONFIDENT THAT AS WE BY TRISH SAYWELL in Canada. silver. All-in sustaining costs — net tsaywell@northernminer.com PROGRESS WITH DRILLING THE DEEPER Osisko owns 100% of the deposit, of by-product credits and royalties sisko Mining (TSX: OSK) SECTIONS OF THE WINDFALL DEPOSIT, which is situated between Val-d’Or over the LOM — are an estimated has confirmed that a recent and Chibougamau in the Abitibi US$704 per oz. silver. discovery at its Windfall WE WILL CONTINUE TO HAVE DISCOVERY greenstone belt, 115 km from the Pre-production construction Lake gold deposit in Quebec is SUCCESS.” town of Lebel-sur-Quévillon in costs, including a $51.8-million

JOHN BURZYNSKI PRESIDENT AND CEO, OSISKO MINING

metres from surface, and in other areas, as deep as 1,200 metres. Mineralization occurs in four zones: Lynx, Zone 27, Caribou and Underdog. All of the zones are comprised of sub-vertical lenses following intrusive porphyry contacts that plunge northeast. In August, the company increased a previously announced bought-deal private placement for gross proceeds of $72.5 million. Windfall is one of the highest-

Quebec’s James Bay region. A preliminary economic assessment that looked at developing both the Windfall and OsborneBell deposits (17 km northwest of Lebel-sur-Quévillon) was completed in July. But the study focused only on the larger mineralization zones and did not include narrow, high-grade zones in the Lynx zone, or the down-plunge extensions of Underdog, Lynx, Zone 27, or Bobcat and Triple 8. Its base case uses a US$1,300 per oz. gold price and US$17 per oz. silver price, and outlines a life-ofmine (LOM) just over eight years, with a LOM-payable 1.77 million

contingency, amounted to $413.2 million. The study envisions a long-hole mining approach that extracts large panels with minimum widths of 3.5 metres, and a minimum height of 20 metres. The preliminary economic assessment estimated a $413-million after-tax net present value and 33% internal rate of return. At press time, the company’s shares traded at $2.55 apiece within a 52-week range of $1.60 (Aug. 15, 2018) to $4.75 (Sept. 20, 2017). The junior has 209 million shares outstanding for a $533-million market capitalization. TNM

WASAMAC GOLD PROJECT M&I Resource of 2.6M ounces of Gold RAIL-VEYOR TRANSPORT SYSTEM as of October 25th, 2017

WASAMAC PROJECT Mineral Resource SECTION LOOKING NORTH

5500

Main Zone

Tonnes (Mt)

Grade (g/t Au)

Ounces (oz)

Measured Resource

3.99

2.52

323,300

Indicated Resource

25.87

2.72

2,264,500

29.86

2.70

2,587,900

4.16

2.20

293,900

Total, measured and indicated resource

Zone 1 and 2

Surface

Inferred resource Mined out Area 203 500

Zone 3

Source: Technical Report on the Wasamac Project, Rouyn-Noranda, Qc, Canada, Tudorel Ciuculescu, M.Sc., P.Geo., October 25, 2017, Roscoe Postle Associates Inc.

5000

Zone 4

4500

4000

Block Classification Measured Indicated Inferred October 2017

100

200

300

400

Wasamac Project Rouyn-Noranda, Québec, Canada

Longitudinal Section with Classified Blocks

500

Metres Source: RPA, 2017.

www.rpacan.com

Monarques Gold Corporation

Legend: 3500

John Burzynski, says in a news release that the wedge hole is a “great confirmation that there is significant, high-grade gold at depth in the Windfall intrusive system. “What we find very exciting is that the Triple 8 alteration zone now extends over 85 metres wide on a scale we haven’t seen before at Windfall, indicating that we may be approaching a main source of the mineralizing system. We are confident that as we progress with drilling the deeper sections of the Windfall deposit, we will continue to have discovery success.” In July, the company also noted that Triple 8 “appears to be a new style of mineralization … as mineralizing f luids followed flow contacts inside the andesite host rather than felsic intrusive contacts.” While Osisko continues to work on the geometry of the Triple 8 zone, management says it appears as though it remains open in all directions, and falls well outside the area of the resource estimate announced in May. Windfall has 2.38 million tonnes of 7.85 grams gold for 601,000 contained oz. gold in the indicated category and 10.61 million inferred tonnes grading 6.70 grams gold for 2.28 million contained oz. gold. The deposit has been well defined from surface to 900 metres’ depth, and is open along strike and at depth. In some parts of the deposit, mineralization has been found 30

3000

the real deal, after producing more high-grade intercepts from the new zone it’s calling “Triple 8.” The company started drilling two exploration holes in May to test the potential for depth extensions of the Lynx and Underdog mineralized zones, and investigate the intrusion-related geological model it has for the Windfall deposit. The targets of the two drill holes were located in the outer shell of a porphyry intrusion at depths of 2,500 metres from surface. The first hole reported on July 11 to test the potential for depth extensions of the Underdog zone — 18-1603 — returned 20.4 grams gold per tonne over 28 metres from 1,491 metres downhole, including a 10-metre interval grading 44.5 grams gold from 1,501 metres downhole. Osisko noted that Triple 8 did not correlate with any zones, and is 660 metres east of the closest mineralized intercept in the Underdog zone. On Sept. 13, the company reported results from a new wedge hole 1603-W2 that has extended the Triple 8 zone 50 metres south of the discovery hole announced in July. The latest hole returned 13.7 metres grading 17.4 grams gold from 1,510 metres’ depth downhole and 12.5 metres of 6.31 grams gold from 1,538 metres’ depth below surface. The mineralization at Triple 8 consists of semi-massive and stringer pyrite, with local visible gold and strong silica alteration, and the zone contains minor sphalerite, chalcopyrite, pyrrhotite and trace arsenopyrite. Osisko’s president and CEO,

WASAMAC MILL & SHAFT, 1984

1.888.994.4465 | monarquesgold.com

OCTOBER 1–14, 2018 / THE NORTHERN MINER

QUEBEC

WWW.NORTHERNMINER.COM

The camp at Commerce Resources’ Ashram REE project in Quebec during a 2015 site visit. COMMERCE RESOURCES

Commerce hopes new US policy will benefit rare earth projects QUEBEC

BY RICHARD QUARISA

rquarisa@northernminer.com

ommerce Resources (TSXV: CCE; US-OTC: CMRZF) has spent the past 10 years developing its Ashram rare earth element (REE) project in northern Quebec. Like many REE miners, Commerce’s fate has been influenced by a strong Chinese supply chain, and, in particular, the prolific Bayan Obo REE mining district in northern China. But company president Chris Grove says that recent U.S.-China politics may open a window for Commerce’s success. He points to the U.S.-imposed tariffs on Chinese goods and the 2019 U.S. Defense budget to demonstrate his case. “The language specifically prohibits the Department of Defense from the purchase of Chinese REE

| Seeking funding for prefeasibility study at Ashram project

magnets,” Grove tells The Northern Miner. According to Grove, U.S. legislation allows the government to view Canadian resource projects as potentially “domestic,” if they are of interest to the U.S. Department of Defense. As a result, the company has for the first time applied for a grant worth up to US$3 million from the Strategic Materials division of the U.S. Defense Logistics Agency to help develop Ashram. The company says it would use the grant to finish a pilot plant at Hazen Research in Golden, Colorado. It would use the plant to make samples of its REE hydroxide product to shop to processors in the U.S., like Ucore Rare Metals (TSXV: UCU; US-OTC: UURAF) in Utah and Rare Earth Salts in Nebraska.

Commerce is filling out another application for its Blue River tantalum and niobium project in British Columbia. Although China buys most of its niobium from external sources, Grove says it processes tantalum it buys from central Africa. As a result, he says the 2019 U.S. Defense budget could impact tantalum sales, as well. Commerce hasn’t applied for either of the grants. The deadline for grant applications is Sept. 30, 2018. The U.S.-China monthly trade deficit hit a record high in July when it totalled US$36.8 billion. “This current move by the Trump government is turning up the heat exponentially,” Grove says. “The anxiety level is rising and the main outstanding question is: What is China going to do?” The Ashram project sits 130 km south of the town of Kuujjuaq in

northern Quebec’s Nunavik area. It has 1.6 million measured tonnes grading 1.77% total rare earth oxides (TREO), 28 million indicated tonnes at 1.90% TREO and 220 million inferred tonnes at 1.88% TREO. The company drilled nearly 10,000 metres at Ashram that it would incorporate into an updated resource estimate for a prefeasibility study. To do that, the company needs more capital. Commerce finished a 2012 preliminary economic assessment on Ashram that pegged production at 16,850 tonnes of rare earth oxides per year over 25 years. It gave the project a $2.3-billion, pre-tax net present value at a 10% discount rate and a 44% pre-tax internal rate of return. Two facilities in Quebec are processing material from Ashram in two programs financed by the Quebec government. A $365,000 program at the University of Laval is using the Ashram sample to validate a hydrometallurgical process for extracting rare earth elements, as well as associated computer software. A $300,000, three-year program at the National Institute of Scientific Research in Quebec City is optimizing tailings at Ashram. The program

began two years ago. “Our material reacts extremely well to standard processing,” Grove says. “The majority of projects do not share the fundamentals of Bayan Obo, as we do.” Commerce staked the initial Blue River project claims in 2000 — 230 km north of Kamloops, British Columbia. Between 2006 and 2011, it drilled nearly 60,000 metres into the property. It has spent more than $30 million at Blue River. As of a 2013 estimate, the project contains 48.4 million indicated tonnes grading 197 parts per million tantalum oxide and 1,610 parts per million niobium oxide for 21 million lb. tantalum oxide and 171.5 million lb. niobium oxide. The project also has 5.4 million inferred tonnes at 191 parts per million tantalum oxide and 1,760 parts per million niobium oxide for 2.2 million lb. tantalum oxide and 21.1 million lb. niobium oxide. Shares of Commerce are trading at 6¢ with a 52-week range of 5¢ to 10¢. The company has an $18-million market capitalization. “Rare earth elements are a very weird commodity,” Grove says. They’re not rare. Economic deposits are rare. If you compare favourably to Bayan Obo, then you’ve got a legitimate shot at success.” TNM

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THE NORTHERN MINER / OCTOBER 1–14, 2018

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M A R K E T N EWS TORONTO STOCK EXCHANGE / SEPTEMBER 17–21 Canada’s benchmark index rose 1.31% to 16,224.13 during an improved trading week. The S&P/TSX Global Mining Index rose 5.4% to 66.73 and the S&P/TSX Global Gold Index rose 2.7% to 156.11. The gold price rose 0.4% to US$1,198.70. Royal Nickel shares rose 100% to 56¢, and by press time had risen even further to 85¢, after the company produced 24,000 oz. gold worth $38 million from the Father’s Day vein at its Beta Hunt gold-nickel mine. In early September, the company uncovered 9,250 oz. gold from a 130-tonne cut at Beta Hunt’s 15 level. It included a 95-kilogram stone containing 2,440 oz. gold and a 63-kilogram stone containing another 1,620 oz. gold. It expected the original discover y to produce $15 mi l l ion, but more t ha n doubled t hat number when it expanded development along the vein. Royal Nickel later extended the Father’s Day vein 200 metres from the original discovery. It says its team at Beta Hunt is applying its new geological model to historical drill and map data, and could extend the vein further. C ont i ne nt a l G old s h a re s fe l l 3 6 ¢ to $2.78 a f ter a n un k now n group attacked a residence housing Continental

geologists and contractors work ing at its Berlin gold project in Colombia in the middle of the night and killed three sta f f members. T he compa ny speculated former members of t he g uerilla orga niz at ion FA RC were responsible for the attack. It was the second act of violence the company faced in a month. Early in September, two Continental engineers were attacked by two armed individuals in the town of Buritica in Antioquia, Colombia. One died while the other was injured and remains in stable condition. The company says it does not believe the two attacks were related, because they took place more than eight hours apart by road. The company is developing its Buritica TSX MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Royal Nickel RNX Coro Mining COP Kinross Gold K Guyana Gldflds GUY Wallbridge Mng WM Nemaska Lith NMX Barrick Gold ABX Suncor Energy SU First Quantum FM Trevali Mng TV

117966 0.57 0.36 0.56 + 20315 0.07 0.05 0.07 + 20158 3.99 3.76 3.84 + 18657 3.10 2.74 3.04 + 17780 0.25 0.14 0.24 + 17047 0.82 0.66 0.78 + 16550 13.96 13.16 13.52 + 16363 51.43 49.65 50.48 + 14961 17.76 15.21 17.18 + 14934 0.80 0.70 0.75 +

0.28 0.01 0.04 0.03 0.11 0.10 0.33 0.66 1.84 0.03

gold project, and expects first pour in the first half of 2020. Shares of Wallbridge Mining rose 77% to 24¢, and by press time had risen to 31¢, on continued positive results from the company’s underground exploration program at its Fenelon gold property in northwestern Quebec. The company cut 122.35 grams gold per tonne over 2.2 metres from 132 metres

downhole and 109.79 grams gold over 1.46 metres from 112 metres downhole at the project’s new Habanero zone. The company observed visible gold in 41 of the 63 holes drilled so far. It has shipped more than 8,000 tonnes to Quebec’s Camflo mill — part of an ongoing 35,000-tonne bulk sample program. It expects the bulk sample will produce between 19,000 and 26,000 oz. gold. TNM

TSX GREATEST PERCENTAGE CHANGE

Royal Nickel Wallbridge Mng Imperial Metal Anglo Pac Grp Nighthawk Gold Freegold Vent Harte Gold SolGold plc Gold Std Vents Nexa Resources Avino Silver Prophecy Coal EurOmax Res Belo Sun Mng Erdene Res Dev Verde Potash Intl Tower Hil Canarc Res Karnalyte Res RTG Mining

RNX WM III APY NHK FVL HRT SOLG GSV NEXA ASM PCY EOX BSX ERD NPK ITH CCM KRN RTG

TSX GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

117966 17780 1124 17 1078 291 7610 582 1624 7 696 1845 873 1326 1298 421 85 691 65 20

Nexa Resources Teck Res Teck Res Labrador Iron Franco-Nevada First Quantum Ero Copper Agnico Eagle Anglo Pac Grp Endeavour Mng Avino Silver Contintl Gold Verde Potash McEwen Mng Excellon Res Silvercorp Met Sabina Gd&Slvr Ur-Energy Intl Tower Hil Alacer Gold

0.57 0.36 0.56 0.25 0.14 0.24 1.97 1.16 1.80 4.75 2.82 4.00 0.41 0.31 0.39 0.10 0.07 0.08 0.55 0.37 0.46 0.56 0.45 0.55 2.34 1.96 2.34 16.80 14.15 16.80 1.23 0.74 0.80 0.16 0.12 0.12 0.13 0.02 0.11 0.25 0.21 0.21 0.39 0.31 0.32 0.73 0.53 0.61 0.65 0.55 0.55 0.04 0.00 0.04 0.37 0.31 0.32 0.11 0.11 0.11

+ 100.0 + 77.8 + 57.9 + 41.8 + 26.2 + 23.1 + 21.3 + 19.6 + 19.4 + 19.3 - 32.2 - 20.0 - 19.2 - 16.0 - 15.8 - 15.3 - 14.1 - 12.5 - 12.5 - 12.5

VOLUME WEEK (000s) CLOSE CHANGE

NEXA TECK.B TECK.A LIF FNV FM ERO AEM APY EDV ASM CNL NPK MUX EXN SVM SBB URE ITH ASR

7 16.80 8164 33.08 14 33.01 875 27.70 3022 82.53 14961 17.18 980 11.65 3771 44.76 17 4.00 2161 20.12 696 0.80 3075 2.78 421 0.61 432 2.46 479 0.99 2087 3.29 1981 1.20 591 1.03 85 0.55 4894 2.05

+ 2.72 + 2.52 + 2.36 + 1.96 + 1.85 + 1.84 + 1.66 + 1.38 + 1.18 + 1.17 - 0.38 - 0.36 - 0.11 - 0.11 - 0.11 - 0.11 - 0.09 - 0.09 - 0.09 - 0.09

TSX VENTURE EXCHANGE / SEPTEMBER 17–21 The S&P/TSX Venture Composite Index rose 0.66% to 719.91. Shares of White Gold rose 65% to $1.07. The company released strong drill assays from the Vertigo target on its JP Ross gold property in Yukon. The company says the results confirm high-grade, near-surface mineralization at Vertigo across 200 metres of strike length. Shortly after, it staked another 180 sq. km around JP Ross. Highlights include 17.34 grams gold per tonne over 10.6 metres from 3 metres downhole, including 56.25 grams gold over 3 metres from 3 metres downhole, as well as 9.6 grams gold over 15 metres from 1.5 metres downhole, including 45 grams gold over 3 metres from 1.5 metres downhole. The results come from 10 of 17 holes drilled on the property to follow up on GT probe results from August that returned samples as high as 29.1 grams gold. In total, the company drilled over 900 metres across the 17 rotary airblast holes before difficult ground conditions made it switch to a reverse-circulation drill. Shares of Great Bear Resources cooled 22¢ to $1.82, although the company continues to release positive news. The company recently revised results for a hole in the Hinge zone at its Dixie Lake gold project in Red Lake, Ontario.

It first reported the hole as 44.47 grams gold 7 metres from 124.5 metres downhole, including 224.03 grams gold over 1 metre from 125.5 metres downhole, but revised the grades to 68.76 grams gold over 7 metres, including 302.48 grams gold. The company also recently began a 30,000-metre, 150-hole drill program at Dixie Lake that will continue into 2019. Shares of Garibaldi Resources rose 64¢ to $2.86. The company has confirmed wide intercepts of near-surface, nickel-copper sulphide mineralization in all directions around the 2017 Discovery zone at its wholly owned Nickel Mountain project. With three drills at Nickel Mountain, the company is stepping out as much as 1.3 km northeast of the Discovery zone while continuing to step TSX-V MOST ACTIVE ISSUES

Westkam Gold Sokoman Iron Clean Comm Harvest Gold Leeta Gold Spearmint Res Aldershot Res Enforcer Gold Golden Ridge BonTerra Res

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

WKG SIC CLE HVG HIVE SRJ ALZ VEIN GLDN BTR

20383 9511 9116 7170 6280 5972 5953 5498 5474 5398

0.02 0.22 0.04 0.10 0.72 0.04 0.45 0.04 0.27 0.49

0.01 0.17 0.03 0.08 0.60 0.03 0.29 0.03 0.21 0.42

0.01 unch 0.17 - 0.04 unch 0.09 - 0.71 + 0.03 - 0.40 + 0.03 - 0.22 - 0.43 +

0.00 0.03 0.00 0.01 0.04 0.01 0.12 0.01 0.05 0.01

out in all directions. Highlights so far include 30.5 metres from 102 metres downhole grading 3.1% nickel, 1.86% copper, 0.08% cobalt, 0.8 grams platinum, 1.77 grams palladium, 0.7 gram gold and 7.3 grams silver, as well as 34 metres from 110 metres downhole grading 2.4% nickel, 1.49% copper, 0.06% cobalt, 0.69 gram platinum, 1.31 grams

palladium, 0.48 gram gold and 5.7 grams silver. The company also says melting ice at Nickel Mountain has revealed a ring of mineralization that includes massive sulphide outcrops and a massive sulphide boulder train in an area next to the Discovery zone. The company says it will drill test this area for nickel-copper mineralization. TNM

TSX-V GREATEST PERCENTAGE CHANGE

Fairmont Res Unity Energy Pure Energy Mazarin Bayhorse Silvr PowerOre Tiger Intl White Gold First Energy Galore Res Bitterroot Res Noble Metal Gr Barker Mnrls Hybrid Mineral Milner Con Slv Goldstream Mnl Getty Copper LiCo Energy Western Atlas Red Moon Res

FMR UTY PE MAZ.H BHS PORE TGR WGO FE GRI BTT NMG BML HZ MCA.H GSX.H GTC LIC WA RMK

3669 2949 1640 22 3072 44 12 2078 128 1490 3670 99 350 111 50 636 212 4151 558 44

0.04 0.26 0.20 0.10 0.15 0.15 0.10 1.19 0.22 0.04 0.10 0.01 0.01 0.12 0.11 0.08 0.06 0.32 0.09 0.12

0.02 0.12 0.10 0.06 0.10 0.00 0.00 0.69 0.13 0.03 0.02 0.00 0.01 0.00 0.06 0.00 0.03 0.02 0.06 0.07

0.04 0.24 0.19 0.10 0.15 0.15 0.10 1.07 0.20 0.04 0.04 0.01 0.01 0.12 0.06 0.05 0.03 0.22 0.06 0.07

TSX-V GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

+ 133.3 + 100.0 + 85.0 + 81.8 + 66.7 + 66.7 + 66.7 + 64.6 + 60.0 + 60.0 - 58.8 - 50.0 - 50.0 - 47.8 - 45.5 - 44.4 - 40.0 - 37.1 - 36.8 - 35.0

VOLUME WEEK (000s) CLOSE CHANGE

Garibaldi Res Cobalt 27 Cap Aurion Res Novo Res White Gold Sailfish Rylty Aurania Res Mirasol Res Abitibi Royalt First Vanadium Troilus Gold Luminex Res Great Bear Res Gold Reserve Bluestone Res Lithium Chile LiCo Energy Luckystrike Hybrid Mineral Titanium Corp

GGI KBLT AU NVO WGO FISH ARU MRZ RZZ CCC TLG LR GBR GRZ BSR LITH LIC LUKY HZ TIC

1619 1730 1842 3379 2078 103 16 180 9 528 174 95 1561 31 253 388 4151 79 111 40

2.86 6.63 1.92 4.08 1.07 1.35 2.36 1.50 9.85 1.30 0.90 0.55 1.82 3.30 1.20 0.76 0.22 0.31 0.12 0.73

+ 0.64 + 0.58 + 0.43 + 0.43 + 0.42 + 0.35 + 0.26 + 0.25 + 0.25 + 0.23 - 0.30 - 0.25 - 0.22 - 0.15 - 0.15 - 0.14 - 0.13 - 0.12 - 0.11 - 0.10

U.S. MARKETS / SEPTEMBER 17–21 The Dow Jones Industrial Average jumped 2.25% to 26,743.50 and the S&P 500 Index rose 0.85% to 2,929.67. New York spot gold increased 0.47% to US$1,198.70 per oz. gold. Rio Tinto topped the value charts with a US$4.13-per-share gain to f inish at US$51.58 per share. The company provided details of its new share buy-back program on Sept. 20, saying it plans to buy back shares worth US$3.2 billion. The funds were generated from the sale of coal assets. The latest share buy-back plan is on top of the company’s existing buy-back programs, of which US$1.7 billion in shares remain to be purchased before the end of February 2019. Shares of AngloGold Ashanti were up 9.6% to US$8.81 on news it had reached a three-year deal on wage increases, as well as a new shift arrangement, with trade unions representing most of its employees in South Africa. Peabody Energ y signed a definitive agreement to buy the Shoal Creek metallurgical coal mine from private coal producer Drummond Co. for US$400

million. The mine is located in central Alabama and serves Asian and European steel mills with high-vol A coking coal. The transaction, which could close before year-end, involves the purchase of the mine, preparation plant and supporting assets, but excludes legacy liabilities other than reclamation. Glenn Kellow, the company’s president and CEO, said in a press release that buying “the well-capitalized and high-quality” Shoal Creek mine meets the company’s goal of upgrading its metallurgical coal platform through strategic investments, and “offers major logistical U.S. MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Freeport McMoR* FCX 136066 14.90 13.66 14.61 + 0.92 Vale* VALE 101013 15.10 13.25 15.06 + 1.81 Barrick Gold* ABX 83612 10.79 10.12 10.47 + 0.36 Yamana Gold* AUY 64466 2.60 2.44 2.49 + 0.05 Kinross Gold* KGC 62672 3.09 2.90 2.95 + 0.06 Cleveland-Clif* CLF 57012 12.46 11.46 12.16 + 0.65 Hecla Mining* HL 48366 3.12 2.85 2.98 + 0.15 Eldorado Gold* EGO 47239 0.96 0.83 0.88 + 0.06 Goldcorp* GG 43715 11.00 10.25 10.60 + 0.37 Sibanye-Stillw* SBGL 43512 2.66 2.35 2.52 + 0.08

advantages and represents an opportunity to create significant value.” Benjamin Nelson, vice-president and senior credit officer at Moody’s Investors Service, said in a note that the acquisition is “credit positive, based on expectations for the

company to fund the transaction out of cash without diminishing liquidity.” At the end of June, Peabody reported a cash balance of nearly US$1.5 billion. Peabody’s shares ended at US$42.01 apiece, down US$1.75. TNM

U.S. GREATEST PERCENTAGE CHANGE

Nexa Resources* NEXA Lithium Amer* LAC Mechel* MTL Vale* VALE HudBay Mnls* HBM Cloud Peak En* CLD Intrepid Pots* IPI AngloGold Ash* AU Teck Res* TECK Rio Tinto* RIO McEwen Mng* MUX Peabody Enrgy* BTU Vedanta* VEDL MartinMarietta* MLM Natural Res Pt* NRP CONSOL Coal Rs* CCR Black Hills* BKH CONSOL Energy* CNX CONSOL Energy* CEIX Kirkland Lake* KL

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

605 12.96 10.75 12.93 1528 4.95 3.91 4.93 688 3.42 2.48 3.01 101013 15.10 13.25 15.06 3041 5.38 4.50 5.15 3557 2.49 2.14 2.41 3496 3.69 3.32 3.67 23561 8.83 7.98 8.81 12632 25.82 23.42 25.55 16731 51.92 47.48 51.58 15376 2.00 1.87 1.87 6875 44.14 41.26 42.01 3290 13.18 12.66 12.96 3022 199.75 191.33 192.18 129 31.27 28.99 30.15 130 18.15 17.50 17.95 1894 59.95 57.46 59.15 17233 15.02 14.44 14.61 2886 42.84 40.60 41.68 31485 18.99 17.26 18.58

+ 18.6 + 18.2 + 18.0 + 13.7 + 13.2 + 11.1 + 10.5 + 9.6 + 9.0 + 8.7 - 4.6 - 4.0 - 2.5 - 0.9 - 0.5 - 0.3 - 0.2 + 0.1 + 0.7 + 0.8

U.S. GREATEST VALUE CHANGE

Rio Tinto* RIO Chevron Corp* CVX Southern Copp* SCCO Franco-Nevada* FNV Teck Res* TECK Nexa Resources* NEXA Vale* VALE MOS Mosaic* Arch Coal* ARCH Agnico Eagle* AEM MartinMarietta* MLM Peabody Enrgy* BTU Vedanta* VEDL Natural Res Pt* NRP Black Hills* BKH McEwen Mng* MUX CONSOL Coal Rs* CCR CONSOL Energy* CNX Yamana Gold* AUY Kinross Gold* KGC

VOLUME WEEK (000s) CLOSE CHANGE

16731 51.58 34719 121.13 4667 44.26 4784 63.95 12632 25.55 605 12.93 101013 15.06 25233 32.33 1351 90.51 9439 34.67 3022 192.18 6875 42.01 3290 12.96 129 30.15 1894 59.15 15376 1.87 130 17.95 17233 14.61 64466 2.49 62672 2.95

+ 4.13 + 3.75 + 2.90 + 2.18 + 2.10 + 2.03 + 1.81 + 1.54 + 1.52 + 1.37 - 1.82 - 1.75 - 0.33 - 0.15 - 0.14 - 0.09 - 0.05 + 0.01 + 0.05 + 0.06

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / OCTOBER 1–14, 2018

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, September 25, 2018 Precious Metals Price (US$/oz.) Change $1198.75 +1.95 Gold Silver $14.32 +0.15 Platinum $826.00 +31.00 Palladium $1053.00 +73.00 Base Metals Nickel Copper Lead Zinc

TSX WARRANTS

PRODUCER AND DEALER PRICES

SPOT PRICES COURTESY OF SCOTIABANK

Price (US$/tonne) Change $12920.00 -35.00 $6281.00 -72.00 $2009.00 -35.00 $2504.50 -59.00

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 7, 2018 (change from August 31, 2018 in brackets): Aluminium Alloy 13600 (0) Aluminium 1022450 (-24250) Copper 216600 (--9300) Lead 117025 (-1900) Nickel 231024 (-2568) Tin 2745 (-100) Zinc 210100 (-8700)

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

Index Sep 21 Sep 20 Sep 19 Sep 18 Sep 17 High Low S&P/TSX Composite 16224.13 16214.75 16149.92 16196.04 16082.31 15527.30 12400.15 S&P/TSXV Composite 719.91 720.25 714.45 723.75 719.36 1050.26 883.52 S&P/TSX 60 962.34 960.95 957.42 960.14 953.38 896.74 709.99 S&P/TSX Global Gold 156.11 157.74 157.61 155.25 155.09 218.90 149.29 DJ Precious Metals 136.17 136.17 135.80 133.43 132.68 420.72 130.95

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 LUN 3184140 -3963950 8/16/2018 Lundin Mng OceanaGold OGC 6377720 -747119 8/16/2018 HudBay Mnls HBM 2957925 -744683 8/16/2018 IMG 2289039 -673161 8/16/2018 IAMGOLD Sandstorm Gold SSL 13656675 -617631 8/16/2018

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 Belmont Res BEA 400 -528200 8/16/2018

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

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 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

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 1–14, 2018 57 New Highs

Aldershot Res Aldershot Res* Anglo Pac Grp Appia Energy Appia Energy* Asian Minl Res Astur Gold Benchmark Met* Canadian Mng* Century Cobalt* Cleveland-Clif* CNRP Mng Corvus Gold Corvus Gold* Eastfield Res Ero Copper EVI Global Grp Fairmont Res Getty Copper Grizzly Discvr Gunpoint Expl Harvest Gold* Hemcare Health*

Highway 50 Gld Highway 50 Gld* Labrador Gold* Largo Res Largo Res* LiCo Energy Loncor Res Majestic Gold* Melior Res* MK2 Ventures * Mosaic* Nevsun Res* Niocan Inc NQ Minerals Pl* Nutrien Nutrien* ProAm Expl River Wild Exp Royal Nickel Royal Nickel* Saturn Mnrls SilverCrest Mt* Troubadour Res Ubique Mineral

United Battery* United States A* Unity Energy Ur-Energy Ur-Energy* Wallbridge Mng Western Pac Rs Western Pac Rs* Western Uran Western Uran*

84 New Lows

Abacus Mng &Ex* Alexandria Min* Almaden Mnls Altura Mng Ltd* American Pac Amseco Expl Argex Titanium* Atico Mng* Avino Silver Avino Silver* Avrupa Mnls Avrupa Mnls* Bear Creek Mng

Berkwood Res Black Iron* Centenera Mng Chakana Copper* Cloud Peak En* Cobalt Pwr Grp* Colorado Res Contintl Gold Contintl Gold* Coro Mining Desert Lion Desert Lion* District Cop* DRDGOLD* Engold Mines* Equinox Gold Equitorial Ex Erdene Res Dev Erdene Res Dev* Excellon Res Excellon Res* Focus Graphite* Gldn Predator Gldn Predator*

Global Energy Goldcliff Res* Golden Arrow Golden Arrow* Goldgroup Mng* Graphite One* Guyana Gldflds Intl Lithium InZinc Mining InZinc Mining* Juggernaut Exp* Katanga Mng Leading Edge LiCo Energy LiCo Energy* Luminex Res M.P.V. Explor Macarthur Mnl* Manitou Gold * Metallic Mnrls MGX Minerals MGX Minerals* Millrock Res* Miramont Res*

Mirasol Res ML Gold* Nevada Sunrise* Nickel Creek* Nortec Mnls* Original Sixtn* Osisko Gold* Pacific Rim Peloton Mnrls Peruvian Metal Radisson Mng Redstar Gold* Rise Gold Corp Sienna Res Sitka Gold Titan Mining* Tower Res* Ubique Mineral ValOre Metals Visible Gold M* Vista Gold* Zinc One Res Zinc One Res *

CANADIAN GOLD MUTUAL FUNDS

DAILY METAL PRICES Daily Metal Prices Date Sept 24 Sept 21 Sept 20 Sept 19 Sept 18 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1460/1525 1460/1500 1450/1500 1485/1550 1500/1550 Aluminum 2034.50/2065 2032/2066 2018/2046 1980/2018 2011/2040 Copper 6318/6320 6202/6201.50 6056/6078 6056.50/6083 6002/6025 Lead 2028/2033 1995/2006 2002.50/2019.50 2024/2040 2045.50/2052 Nickel 12970/13075 12950/13050 12525/12550 12465/12565 12310/12375 Tin 18980/18900 19070/19020 19030/18940 19090/19000 19020/18950 Zinc 2530/2526 2440/2445 2434/2442 2398.50/2420 2346/2363 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1198.75 1207.60 1208.35 1203.00 1199.40 Gold PM 1202.75 1198.70 1208.35 1203.30 1200.20 Silver 14.32 14.33 14.23 14.19 14.21 Platinum 830.00 829.00 826.00 817.00 814.00 Palladium 1058.00 1045.00 1050.00 1025.00 999.00

Fund Sep 21 ($) Sep 14 ($) AGF Prec Mtls Fd MF 16.95 16.62 BMO Prec Mtls Fd A 15.38 14.85 BMO ZGD 7.45 7.24 BMO ZJG 6.89 6.95 CIBC Prec Metal Fd A 7.92 7.75 Dyn Prec Metls Fd A 5.96 5.79 Galileo GOGO 8.90 8.57 Horizons HEP 20.07 19.48 IG Mac GbPMetCl A 7.40 7.08 iShares XGD 9.76 9.51 Mac Prec Met Cl A 38.59 36.92 NBI PrecMetFd Invt 9.99 9.84 NPT Gold&PrMinFdA 29.67 29.06 NPT SilverEquCl A 4.43 4.29 RBC GblPreMetFd A 27.91 27.17 Redw UITGoDe&ProCl A Sentry Pre Met Fd A 33.19 32.18 TD PreciousMetalsInv 27.07 26.41

Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) 0.33 1.99 -18.66 2.80 89.67 0.53 3.60 -14.28 2.40 50.49 0.21 2.89 -20.72 0.61 -0.05 -0.78 -18.37 0.60 0.17 2.18 -21.42 2.45 36.26 0.17 2.94 -16.55 2.66 288.66 0.33 3.82 0.60 3.07 -15.10 0.81 0.32 4.45 -18.83 2.75 27.96 0.26 2.71 -19.36 0.55 698.86 1.66 4.50 -19.12 2.52 51.61 0.15 1.52 -19.30 2.46 23.38 0.61 2.11 -17.57 3.04 127.27 0.14 3.26 -19.16 2.95 101.26 0.74 2.73 -17.82 2.13 274.69 0.00 0.00 1.01 3.13 -14.87 2.54 254.15 0.66 2.50 -19.77 2.27 92.31

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

Sep 21 Sep 20 Sep 19 Sep 18 Sep 17 1.2905 1.2905 1.2923 1.2971 1.3055 0.7749 0.7749 0.7738 0.7710 0.7660

Exchange rates (Quote Media, September 21, 2018) C$ to AUS C$ to EURO C$ to YEN C$ to Mex Peso C$ to SA Rand 1.0632 0.6579 87.1605 14.6023 11.0870 C$ to UK Pound C$ to China Yuan C$ to India Rupee C$ to Swiss Franc C$ to S. Korea Won 0.5840 5.3035 55.7835 0.7431 865.8168 US to AUS US to EURO US to YEN US to Mex Peso US to SA Rand 1.3720 0.8490 112.4740 18.8435 14.3008 US to UK Pound US to China Yuan US to India Rupee US to Swiss Franc US to S. Korea Won 0.7536 6.8465 71.7250 0.9589 1117.4400

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 1–14, 2018 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: SEPTEMBER 17–21, 2018 (100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

A 37 Capital 173 O 5 60 North Gold* 60 North Gold 216 66 Resources 3 92 Resources V 867 O 242 92 Resources* Abacus Mng &Ex* O 554 V 183 Abacus Mng &Ex Abcourt Mines V 81 O 496 Abcourt Mines* Aben Res* O 780 Aben Res V 4325 O 5 Aberdeen Intl* Aberdeen Intl T 354 O 0 Abitibi Royalt* 9 Abitibi Royalt V O 80 AbraPlata Res* V 258 AbraPlata Res Abzu Gold* O 32 O 10 Acacia Mining* V 644 Adamera Mnls O 618 Adamera Mnls* Adex Mining V 842 Advance Gold V 232 O 207 Advanced Expl* V 951 Advantage Lith O 296 Advantage Lith* V 16 Adventus Zinc Aethon Mineral V 10 AEX Gold V 13 Affinity Gold* O 293 Affinity Metal* O 0 African Gold V 709 Aftermath Slvr V 36 O 0 Aftermath Slvr* Agnico Eagle* N 9439 Agnico Eagle T 3771 V 218 Aguia Resource Aida Minerals 1510 AJN Resources 23 Alacer Gold T 4894 Alamos Gold T 4587 13832 Alamos Gold* N Alaska Pac Egy* O 0 O 17 Alba Minerals* Albert Mining V 642 O 450 Albert Mining* Alchemist Mng 2205 Alcoa* N 17607 Alderon Iron* O 13 Alderon Iron T 167 Aldershot Res V 5953 O 218 Aldershot Res* Aldever Res V 66 Aldever Res* O 1 Aldridge Min V 988 Aldridge Min* O 30 V 1527 Alexandria Min Alexandria Min* O 1367 Alexco Res* X 1078 Alexco Res T 390 Algold Res V 24 Alianza Min V 6 Alianza Min* O 5 V 8 Allante Potash Allegiant Gold V 109 O 91 Allegiant Gold* Alliance Mng V 887 Alliance Res* D 1708 T 136 Almaden Mnls X 641 Almaden Mnls* Almonty Ind T 165 9 Almonty Ind * O Alphamin Res V 77 O 6 Alphamin Res * Altai Res V 2817 5 Altair Res Inc* O Altair Res Inc V 2450 Altamira Gold V 103 O 95 Altamira Gold* 215 Altan Nev Mnls V 583 Altan Rio Mnls V Altiplano Mnls V 153 Altiplano Mnls* O 5 Altius Mnrls T 388 Alto Vent V 150 O 810 Altura Mng Ltd* Alturas Mnrls V 98 Altus Strat V 1260 Alumina Inc* O 74 ALX Uranium V 231 ALX Uranium* O 41 V 1645 Am Creek Res Am CuMo Mng V 523 213 Am CuMo Mng* O O 111 Am Manganese* V 516 Am Manganese V 867 AM Resources Am Sierra Gold* O 6 Amarc Res V 249 Amarc Res* O 56 Amarillo Gold V 310 O 53 Amarillo Gold* Amazing Energy* O 127 331 Amer Intl Vent* O O 64 American Lith* American Lith V 376 O 494 American Pac* American Pac 736 X 202 Americas Silvr* T 192 Americas Silvr Amerigo Res T 296 Amerigo Res* O 141 Amex Expl V 186 Amseco Expl V 86 3 Amseco Expl * O T 557 Anaconda Mng O 116 Anaconda Mng* Anconia Res V 761 Andes Gold* O 2 O 172 Anfield Energy* V 611 Anfield Energy Angel Gold* O 100 Angel Gold V 184 Angkor Gold V 246 O 387 Anglo American* O 15 Anglo American* 17 Anglo Pac Grp T AngloGold Ash* O 1 AngloGold Ash* N 23561 V 544 Antioquia Gold O 42 Antioquia Gold* Antler Gold V 96 Antofagasta* O 4 0 APAC Res Inc* O APAC Res Inc 97 Apex Res V 20 O 1 Apex Res * Apogee Opport * O 1 Appia Energy 210 O 197 Appia Energy* O 130 Applied Mrnls* Aquila Res* O 341 Aquila Res T 399 N 1351 Arch Coal* V 7 Archon Mineral Arco Res* O 293 Arctic Star* O 19 Arctic Star V 244 O 0 Arcturus Vent* 103 Arcus Dev Grp V Arena Mnls V 748 Arena Mnls* O 16 Argentina Lith* O 320 Argentina Lith V 914 V 47 Argentum Silvr T 4362 Argex Titanium O 72 Argex Titanium* Argo Gold* O 1 Argo Gold 190 O 127 Argonaut Gold* T 2162 Argonaut Gold Arian Res* O 50 Arian Silver* O 2 V 264 Arianne Phosph O 24 Arianne Phosph* O 30 Arizona Silver*

0.25 0.18 0.21 unch 0.00 0.35 0.12 0.08 0.08 0.08 - 0.00 0.16 0.08 0.10 0.09 0.09 - 0.01 0.24 0.07 0.17 0.17 0.17 unch 0.00 0.27 0.14 0.07 0.05 0.05 - 0.01 0.27 0.04 0.05 0.04 0.04 - 0.01 0.20 0.03 0.13 0.10 0.12 + 0.00 0.98 0.10 0.17 0.14 0.14 - 0.01 1.25 0.13 0.06 0.06 0.06 unch 0.00 0.09 0.05 0.04 0.04 0.04 + 0.00 0.06 0.03 0.26 0.22 0.23 - 0.02 0.38 0.08 0.33 0.28 0.30 - 0.04 0.49 0.11 0.08 0.06 0.06 - 0.01 0.16 0.06 0.09 0.08 0.09 - 0.01 0.21 0.08 7.65 0.00 7.65 + 0.15 8.14 6.00 9.89 9.25 9.85 + 0.25 10.45 7.41 0.06 0.05 0.06 + 0.00 0.42 0.05 0.07 0.07 0.07 unch 0.00 0.52 0.07 0.20 0.01 0.10 + 0.09 0.20 0.00 1.43 1.43 1.43 unch 0.00 2.77 1.43 0.06 0.05 0.06 + 0.01 0.20 0.04 0.04 0.04 0.04 + 0.00 0.17 0.03 0.02 0.01 0.02 + 0.01 0.04 0.01 0.17 0.12 0.15 - 0.02 0.60 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.73 0.62 0.71 + 0.08 1.42 0.51 0.57 0.47 0.54 + 0.05 1.14 0.40 0.95 0.90 0.92 - 0.03 1.15 0.51 0.38 0.35 0.35 - 0.01 0.85 0.12 0.38 0.00 0.38 + 0.03 0.71 0.34 0.02 0.00 0.02 + 0.00 0.04 0.01 0.00 0.00 0.06 unch 0.00 0.06 0.04 0.03 0.03 0.03 + 0.01 0.08 0.03 0.14 0.00 0.13 - 0.01 0.20 0.04 0.00 0.00 0.14 unch 0.00 0.14 0.00 35.51 33.34 34.67 + 1.37 49.80 32.18 45.98 43.38 44.76 + 1.38 62.80 42.35 0.13 0.13 0.13 - 0.01 0.50 0.10 0.06 0.05 0.06 unch 0.00 1.50 0.04 0.17 0.11 0.11 - 0.06 0.20 0.10 2.25 2.05 2.05 - 0.09 2.97 1.96 6.07 5.70 5.97 + 0.10 9.12 5.35 4.71 4.39 4.64 + 0.14 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 + 0.00 0.08 0.02 0.07 0.05 0.05 - 0.01 0.35 0.04 44.00 42.13 43.79 + 1.00 62.35 40.03 0.23 0.21 0.21 - 0.02 0.29 0.16 0.31 0.25 0.29 - 0.01 0.38 0.21 0.45 0.29 0.40 + 0.12 0.45 0.03 0.35 0.25 0.29 + 0.06 0.35 0.02 0.05 0.04 0.05 + 0.01 0.21 0.04 0.03 0.00 0.03 unch 0.00 0.14 0.03 0.12 0.07 0.08 - 0.02 0.21 0.05 0.07 0.06 0.06 unch 0.00 0.16 0.03 0.04 0.04 0.04 unch 0.00 0.12 0.04 0.03 0.02 0.03 - 0.00 0.09 0.02 1.15 1.01 1.13 + 0.07 1.79 1.00 1.49 1.33 1.45 + 0.08 2.18 1.31 0.55 0.47 0.47 - 0.08 1.90 0.49 0.09 0.00 0.09 unch 0.00 0.15 0.05 0.06 0.06 0.06 unch 0.00 0.10 0.04 0.10 0.10 0.10 unch 0.00 0.11 0.06 0.43 0.39 0.41 - 0.02 0.75 0.33 0.35 0.30 0.31 - 0.03 0.58 0.00 0.02 0.02 0.02 unch 0.00 0.06 0.01 19.70 19.20 19.70 + 0.15 21.90 15.55 0.86 0.74 0.81 unch 0.00 1.56 0.74 0.68 0.58 0.63 + 0.00 1.24 0.56 0.83 0.76 0.78 - 0.02 0.98 0.35 0.66 0.00 0.59 + 0.02 0.73 0.29 0.23 0.23 0.23 - 0.02 0.44 0.22 0.17 0.17 0.17 - 0.02 0.35 0.17 0.18 0.11 0.14 + 0.03 0.47 0.07 0.02 0.02 0.02 unch 0.00 0.14 0.02 0.04 0.03 0.03 - 0.01 0.18 0.03 0.10 0.10 0.10 + 0.01 0.35 0.09 0.08 0.07 0.07 unch 0.00 0.29 0.07 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.24 0.20 0.20 - 0.05 0.64 0.11 0.21 0.21 0.21 unch 0.00 0.46 0.15 13.11 11.96 13.11 + 0.98 15.58 11.37 0.03 0.03 0.03 unch 0.00 0.13 0.03 0.17 0.14 0.17 - 0.01 0.40 0.14 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.06 0.05 0.05 - 0.02 0.15 0.06 8.11 7.86 7.99 + 0.05 8.97 6.56 0.08 0.07 0.08 unch 0.00 0.11 0.06 0.06 0.05 0.05 - 0.01 0.08 0.05 0.03 0.03 0.03 - 0.01 0.07 0.03 0.08 0.07 0.07 - 0.01 0.15 0.06 0.06 0.05 0.06 + 0.00 0.12 0.05 0.14 0.12 0.12 + 0.00 0.28 0.10 0.19 0.16 0.17 + 0.01 0.35 0.14 0.22 0.20 0.20 - 0.02 0.31 0.12 0.01 0.01 0.01 + 0.00 0.04 0.01 0.07 0.06 0.07 unch 0.00 0.20 0.06 0.06 0.04 0.04 - 0.01 0.16 0.04 0.29 0.24 0.28 + 0.05 0.42 0.19 0.22 0.19 0.22 + 0.04 0.32 0.15 0.28 0.23 0.26 - 0.01 0.94 0.20 0.02 0.00 0.02 + 0.02 0.05 0.00 0.41 0.37 0.40 + 0.02 0.69 0.18 0.53 0.49 0.50 + 0.02 0.53 0.20 0.09 0.07 0.08 + 0.00 0.32 0.07 0.11 0.09 0.10 unch 0.00 0.41 0.09 2.30 2.12 2.29 + 0.13 4.82 2.05 2.97 2.76 2.97 + 0.17 5.96 2.72 0.82 0.74 0.80 unch 0.00 1.35 0.65 0.64 0.57 0.62 + 0.03 1.09 0.51 0.07 0.06 0.06 - 0.01 0.22 0.06 0.19 0.00 0.15 - 0.08 0.29 0.01 0.13 0.13 0.13 unch 0.00 0.13 0.13 0.28 0.26 0.26 - 0.01 0.56 0.23 0.22 0.20 0.20 - 0.01 0.48 0.16 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.01 0.00 0.01 - 0.00 0.02 0.00 0.24 0.22 0.23 - 0.01 0.45 0.15 0.30 0.29 0.29 - 0.02 0.59 0.19 0.02 0.01 0.02 + 0.00 0.08 0.01 0.03 0.02 0.02 - 0.01 0.12 0.02 0.17 0.14 0.17 + 0.01 0.29 0.14 11.55 10.10 11.50 + 1.48 13.13 8.74 22.85 19.61 22.85 + 3.15 26.05 17.15 4.75 2.82 4.00 + 1.18 4.75 1.31 8.44 8.44 8.44 unch 0.00 10.47 7.38 8.83 7.98 8.81 + 0.77 12.00 7.08 0.03 0.03 0.03 unch 0.00 0.10 0.03 0.03 0.02 0.02 - 0.00 0.06 0.02 0.15 0.14 0.15 + 0.02 0.49 0.11 11.90 10.05 11.90 + 1.85 15.70 9.60 0.00 0.00 0.14 unch 0.00 0.20 0.14 0.20 0.19 0.19 - 0.01 0.50 0.19 0.07 0.00 0.07 unch 0.00 0.15 0.07 0.05 0.05 0.05 unch 0.00 0.09 0.04 0.00 0.00 0.00 unch 0.00 0.28 0.00 0.27 0.23 0.26 + 0.02 0.27 0.10 0.20 0.18 0.19 + 0.01 0.20 0.07 0.12 0.11 0.11 - 0.01 0.25 0.03 0.19 0.16 0.19 + 0.03 0.30 0.16 0.25 0.21 0.24 + 0.03 0.39 0.21 93.05 89.03 90.51 + 1.52 102.61 68.95 0.68 0.68 0.68 unch 0.00 1.31 0.62 0.72 0.65 0.67 - 0.03 1.39 0.62 0.08 0.07 0.08 + 0.01 0.20 0.07 0.12 0.10 0.11 unch 0.00 0.26 0.08 0.00 0.00 0.11 unch 0.00 0.11 0.10 0.04 0.04 0.04 unch 0.00 0.19 0.04 0.10 0.08 0.10 + 0.02 0.12 0.06 0.06 0.05 0.06 + 0.00 0.09 0.04 0.07 0.05 0.07 + 0.00 0.48 0.05 0.09 0.07 0.08 unch 0.00 0.60 0.07 0.19 0.19 0.19 - 0.01 0.33 0.15 0.04 0.04 0.04 unch 0.00 0.08 0.03 0.03 0.02 0.03 - 0.00 0.05 0.02 0.10 0.10 0.10 unch 0.00 0.15 0.08 0.12 0.10 0.12 - 0.01 0.22 0.07 1.41 1.28 1.38 + 0.10 2.33 1.28 1.84 1.65 1.77 + 0.13 2.87 1.64 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 0.47 0.43 0.44 + 0.02 0.83 0.39 0.36 0.34 0.34 + 0.02 0.67 0.30 0.09 0.09 0.09 - 0.00 0.24 0.06

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Arizona Silver V 156 Armor Mnrls V 5 Asanko Gold T 634 Asanko Gold* X 1789 Asante Gold 96 Asante Gold* O 100 Asbestos Corp V 0 Ascot Res V 189 Ascot Res * O 10 V 4 AsiaBaseMetals Asian Minl Res V 3 Asian Minl Res* O 40 Aston Bay V 571 Aston Bay* O 159 Astorius Res V 426 Astur Gold V 125 ATAC Res V 341 O 27099 Atacama Res* Athabasca Mnls* O 87 V 238 Athabasca Mnls Athena Silver* O 79 Atico Mng* O 156 Atico Mng V 198 Atlanta Gold* O 32 Atlanta Gold V 124 Atlantic Gold V 663 Atlantic Ind V 38 Atlatsa Res* O 371 Atlatsa Res T 12 16 Atom Energy * O Aton Res Inc* O 31 Aton Res Inc V 368 Aura Mnls* O 11 Aura Mnls T 7 Aura Silver Rs V 236 Auramex Res V 650 Aurania Res* O 16 Aurania Res V 16 Aurcana Corp* O 143 AurCrest Gold V 394 Aurion Res * O 218 Aurion Res V 1842 Aurora Royal V 247 AURYN Mining* O 15 Auryn Res T 262 Auryn Res* X 333 Austin Res V 314 Austral Gold* O 97 Austral Gold V 88 O 295 Australian Mns* Auxico Res 807 Avalon Adv Mat* O 315 935 Avalon Adv Mat T Avarone Metals 663 Avesoro Res T 26 Avesoro Res* O 0 Avidian Gold V 81 Avino Silver* X 8491 Avino Silver T 696 Avrupa Mnls V 296 Avrupa Mnls* O 130 Awale Res V 36 Axiom Mng* O 1 Axmin Inc* O 38 Axmin Inc V 512 Azarga Metals V 116 Azarga Metals* O 9 O 433 Azarga Uranium* Azarga Uranium T 273 Aziel Corp* O 0 Azimut Expl V 173 Azincourt Ener* O 32 V 1929 Azincourt Ener Aztec Minerals V 422 O 73 Aztec Minerals* Azteca Gold* O 1030 Azucar Min V 170 Azucar Min* O 217

0.11 0.11 0.11 unch 0.00 0.30 0.08 0.40 0.00 0.40 + 0.05 0.73 0.30 1.15 1.04 1.08 unch 0.00 1.79 0.55 0.88 0.79 0.82 - 0.00 1.38 0.43 0.06 0.00 0.05 - 0.01 0.10 0.03 0.03 0.03 0.03 unch 0.00 0.08 0.03 0.00 0.00 0.50 unch 0.00 0.90 0.21 0.93 0.82 0.88 - 0.02 1.76 0.78 0.74 0.66 0.66 - 0.04 1.39 0.60 0.36 0.36 0.36 unch 0.00 0.40 0.13 0.57 0.00 0.57 + 0.07 7.00 0.50 0.01 0.01 0.01 unch 0.00 0.03 0.00 0.13 0.11 0.11 + 0.01 0.29 0.10 0.10 0.09 0.09 + 0.02 0.20 0.07 0.04 0.03 0.04 + 0.01 0.20 0.03 0.31 0.30 0.30 unch 0.00 0.40 0.15 0.50 0.46 0.49 + 0.01 0.77 0.46 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.23 0.20 0.22 - 0.02 0.25 0.09 0.32 0.27 0.29 - 0.01 0.35 0.12 0.04 0.03 0.04 unch 0.00 0.33 0.03 0.32 0.29 0.30 - 0.02 0.65 0.29 0.41 0.37 0.37 - 0.04 0.80 0.38 0.03 0.00 0.03 + 0.00 0.06 0.03 0.04 0.00 0.04 unch 0.00 0.07 0.04 1.73 1.61 1.64 - 0.06 1.99 1.30 0.02 0.02 0.02 unch 0.00 0.09 0.01 0.03 0.03 0.03 + 0.00 0.04 0.01 0.04 0.04 0.04 unch 0.00 0.06 0.02 0.11 0.11 0.11 + 0.11 0.26 0.00 0.04 0.04 0.04 unch 0.00 0.04 0.02 0.05 0.04 0.04 - 0.01 0.05 0.02 1.46 1.33 1.46 - 0.00 2.38 1.22 1.90 1.75 1.86 + 0.11 3.00 1.46 0.03 0.02 0.02 - 0.01 0.05 0.02 0.05 0.04 0.05 + 0.01 0.10 0.03 2.00 1.59 1.86 + 0.24 6.06 1.03 2.36 2.03 2.36 + 0.26 7.57 1.51 0.19 0.00 0.18 + 0.02 0.23 0.00 0.03 0.02 0.02 - 0.01 0.04 0.02 1.63 0.89 1.49 + 0.46 2.39 0.52 2.15 1.15 1.92 + 0.43 3.10 0.67 0.10 0.00 0.09 + 0.01 0.24 0.03 1.35 1.35 1.35 unch 0.00 5.00 0.16 1.45 1.33 1.37 - 0.02 3.02 1.26 1.24 1.02 1.06 - 0.02 2.46 0.97 0.02 0.01 0.01 unch 0.00 0.04 0.01 0.07 0.05 0.05 - 0.01 0.16 0.04 0.09 0.07 0.08 - 0.01 0.17 0.07 0.05 0.02 0.03 - 0.02 0.33 0.02 0.27 0.17 0.20 + 0.03 0.45 0.14 0.06 0.05 0.06 + 0.00 0.13 0.05 0.08 0.07 0.07 + 0.01 0.16 0.07 0.05 0.00 0.04 - 0.01 0.14 0.02 3.13 3.00 3.06 - 0.01 5.99 2.50 0.00 0.00 2.57 unch 0.00 3.65 1.89 0.62 0.60 0.62 unch 0.00 0.70 0.20 0.94 0.56 0.62 - 0.28 1.64 0.77 1.23 0.74 0.80 - 0.38 2.04 1.01 0.06 0.05 0.05 - 0.01 0.13 0.06 0.05 0.04 0.05 + 0.00 0.10 0.04 0.10 0.10 0.10 unch 0.00 0.48 0.08 0.07 0.07 0.07 unch 0.00 0.19 0.07 0.17 0.16 0.16 + 0.00 0.19 0.02 0.22 0.19 0.22 + 0.01 0.24 0.03 0.13 0.12 0.12 + 0.02 0.17 0.10 0.10 0.07 0.10 + 0.04 0.16 0.05 0.21 0.18 0.20 - 0.01 0.22 0.14 0.27 0.25 0.27 unch 0.00 0.34 0.18 0.00 0.00 0.70 unch 0.00 9.10 0.60 0.27 0.23 0.23 - 0.03 0.48 0.24 0.06 0.00 0.06 + 0.01 0.23 0.05 0.08 0.06 0.07 unch 0.00 0.37 0.05 0.21 0.17 0.20 unch 0.00 0.38 0.15 0.16 0.14 0.16 + 0.02 0.30 0.13 0.00 0.00 0.00 - 0.00 0.00 0.00 0.56 0.51 0.52 - 0.05 1.75 0.50 0.44 0.39 0.40 - 0.02 1.44 0.38

B2Gold T 8495 B2Gold* X 26060 0 B4MC Gold* O Balmoral Res* O 290 Balmoral Res T 1131 Balto Res V 179 Bankers Cobalt V 466 O 49 Bankers Cobalt* Bannerman Res* O 242 Banyan Gold V 396 Banyan Gold* O 152 Bard Ventures* O 25 Bard Ventures V 536 Barker Mnrls V 350 Barkerville Go V 831 Barkerville Go* O 352 Baroyeca Go&Si V 60 Barrick Gold* N 83612 Barrick Gold T 16550 Barsele Min* O 47 Barsele Min V 19 Batero Gold V 377 O 275 Bayhorse Silvr* Bayhorse Silvr V 3072 BC Moly V 4 BCM Res V 247 BE Res V 1 98 Bear Creek Mng V Bearclaw Cap V 9 Bearing Lith V 29 Bearing Lith* O 61 Beaufield Res V 2234 O 79 Beaufield Res* Beeston Ent* O 367 Bell Copper* O 252 Belmont Res V 3357 Belo Sun Mng T 1326 O 0 Belvedere Res* BeMetals V 222 V 581 Benchmark Met Benchmark Met* O 4 Benton Res V 629 Benz Mining V 382 Berkeley Egy* O 23 O 116 Berkwood Res * Berkwood Res V 1448 Bitterroot Res V 3670 O 65 Bitterroot Res* Black Dragon V 567 O 27 Black Dragon* Black Hills* N 1894 Black Iron T 143 Black Iron* O 141 Black Isle Res V 5 2 Black Mam Mtls* O Black Mam Mtls V 66 Black Sea Cop* O 6 97 Black Sea Cop V Black Tusk Res 213 V 314 Blackheath Res Blackrock Gold V 161 Blackrock Gold* O 4 98 Blind Crk Res V BLOX Inc* O 41 Blue Moon Zinc V 1242 Blue Moon Zinc* O 144 Blue Rvr Res V 2534 O 179 Blue Sky Uran* Blue Sky Uran V 769 V 1 Bluenose Gold Bluestone Res* O 25 Bluestone Res V 253 Bold Vent V 712 Bonanza Gldfds* O 4648 BonTerra Res V 5398 BonTerra Res* O 820 Boreal Metals V 356 O 1270 Borneo Res Inv* Bravada Gold V 85 O 84 Bravada Gold* Braveheart Res V 45 Braveheart Res* O 15 O 147 Bravo Multinat* Brazil Mnrls* O 216504 V 117 Brigadier Gold BrightRock Gld* O 226 Brilliant Sand* O 40 O 852 Britannia Mng* Brixton Mtls V 481

2.96 2.83 2.93 + 0.04 4.06 2.77 2.30 2.19 2.23 + 0.03 3.30 2.10 0.00 0.00 9.00 unch 0.00 10.00 6.25 0.13 0.11 0.11 - 0.01 0.52 0.10 0.16 0.14 0.15 - 0.01 0.63 0.14 0.12 0.07 0.09 + 0.02 0.38 0.05 0.08 0.00 0.08 + 0.01 0.85 0.06 0.06 0.04 0.06 + 0.01 0.68 0.03 0.05 0.04 0.04 - 0.00 0.06 0.03 0.07 0.06 0.06 unch 0.00 0.13 0.04 0.06 0.05 0.06 unch 0.00 0.10 0.03 0.10 0.10 0.10 - 0.01 0.10 0.02 0.13 0.10 0.13 + 0.02 0.16 0.03 0.01 0.01 0.01 - 0.01 0.03 0.01 0.42 0.38 0.39 - 0.02 0.88 0.35 0.32 0.29 0.30 - 0.02 0.73 0.26 0.02 0.02 0.02 unch 0.00 0.04 0.01 10.79 10.12 10.47 + 0.36 16.84 9.53 13.96 13.16 13.52 + 0.33 21.03 12.54 0.52 0.51 0.51 unch 0.00 0.68 0.42 0.85 0.67 0.76 + 0.09 1.03 0.52 0.07 0.06 0.07 unch 0.00 0.12 0.06 0.12 0.09 0.12 + 0.05 0.22 0.06 0.15 0.10 0.15 + 0.06 0.27 0.09 0.06 0.00 0.06 unch 0.00 0.16 0.04 0.19 0.16 0.16 - 0.01 0.26 0.08 0.00 0.00 0.05 unch 0.00 0.08 0.04 1.37 1.28 1.35 + 0.03 2.60 1.29 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.30 0.00 0.29 + 0.01 1.02 0.24 0.24 0.21 0.24 + 0.04 0.80 0.02 0.12 0.11 0.11 unch 0.00 0.19 0.06 0.09 0.09 0.09 + 0.01 0.14 0.04 0.01 0.01 0.01 + 0.00 0.04 0.00 0.06 0.05 0.06 + 0.01 0.16 0.03 0.10 0.08 0.09 + 0.01 0.10 0.02 0.25 0.21 0.21 - 0.04 0.61 0.17 0.00 0.00 0.00 unch 0.00 0.19 0.00 0.22 0.20 0.22 + 0.01 0.32 0.15 0.30 0.24 0.25 + 0.01 0.38 0.15 0.24 0.20 0.21 - 0.03 0.24 0.06 0.06 0.05 0.05 + 0.01 0.09 0.05 0.08 0.00 0.08 + 0.02 0.41 0.06 0.54 0.52 0.52 unch 0.00 0.88 0.50 0.06 0.06 0.06 - 0.00 0.39 0.05 0.08 0.07 0.08 - 0.01 0.47 0.07 0.10 0.02 0.04 - 0.05 0.27 0.03 0.06 0.03 0.03 - 0.03 0.22 0.03 0.17 0.16 0.17 unch 0.00 0.39 0.14 0.14 0.13 0.13 - 0.00 0.14 0.03 59.95 57.46 59.15 - 0.14 69.79 50.49 0.08 0.07 0.08 + 0.01 0.17 0.07 0.07 0.06 0.07 + 0.00 0.11 0.06 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.08 0.08 0.08 unch 0.00 0.15 0.08 0.11 0.00 0.07 - 0.04 0.25 0.06 0.04 0.03 0.03 - 0.00 0.14 0.03 0.05 0.00 0.05 + 0.01 0.18 0.04 0.20 0.19 0.20 unch 0.00 0.29 0.12 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.05 0.05 0.05 unch 0.00 0.16 0.05 0.04 0.04 0.04 unch 0.00 0.12 0.04 0.06 0.05 0.06 unch 0.00 0.38 0.05 0.25 0.16 0.25 unch 0.00 0.30 0.07 0.07 0.06 0.07 unch 0.00 0.14 0.05 0.05 0.04 0.05 + 0.00 0.11 0.03 0.04 0.03 0.03 - 0.01 0.05 0.01 0.12 0.10 0.12 - 0.00 0.25 0.10 0.16 0.14 0.16 unch 0.00 0.32 0.13 0.00 0.00 0.14 unch 0.00 0.17 0.00 1.08 0.89 0.90 - 0.15 1.35 0.86 1.33 1.15 1.20 - 0.15 1.60 0.95 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.00 0.00 0.00 - 0.00 0.00 0.00 0.49 0.42 0.43 + 0.01 0.72 0.30 0.39 0.33 0.34 + 0.03 0.57 0.23 0.13 0.10 0.13 + 0.02 0.40 0.10 0.00 0.00 0.00 - 0.00 0.00 0.00 0.08 0.00 0.07 unch 0.00 0.17 0.07 0.06 0.00 0.06 - 0.00 0.14 0.05 0.09 0.09 0.09 unch 0.00 0.12 0.04 0.05 0.05 0.05 unch 0.00 0.08 0.05 0.07 0.00 0.06 unch 0.00 2.70 0.02 0.00 0.00 0.00 + 0.00 0.01 0.00 0.18 0.12 0.16 - 0.02 0.26 0.08 0.00 0.00 0.00 - 0.00 0.01 0.00 0.06 0.05 0.06 + 0.01 0.12 0.01 0.00 0.00 0.00 + 0.00 0.01 0.00 0.21 0.19 0.21 unch 0.00 0.49 0.17

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Brixton Mtls* O 56 Broadway Gold* O 6 V 90 Broadway Gold Brookmount Exp* O 666 V 761 Brunswick Res Bryn Res* O 75 BTU Metals V 729 V 142 Buccaneer Gold Buenaventura* N 9882 Buffalo Coal V 310 Bullfrog Gold* O 63 Bullion Gld Res V 1874 Bullman Mnls V 35 Bunker Hill 308 BWR Explor V 215

0.16 0.14 0.15 - 0.01 0.39 0.13 0.10 0.09 0.09 unch 0.00 0.43 0.07 0.14 0.12 0.13 unch 0.00 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 0.01 0.01 0.01 - 0.00 0.06 0.00 0.05 0.04 0.05 - 0.01 0.16 0.04 0.09 0.06 0.09 + 0.03 0.18 0.03 13.83 12.22 13.39 + 0.48 16.80 11.67 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.09 0.08 0.08 + 0.00 0.18 0.05 0.31 0.24 0.30 + 0.05 0.47 0.20 0.09 0.09 0.09 unch 0.00 0.10 0.06 0.44 0.31 0.38 + 0.08 3.15 0.29 0.04 0.04 0.04 unch 0.00 0.10 0.03

Cabral Gold V 155 Cabral Gold* O 9 Cache Expl* O 24 Cache Expl V 770 O 1 Cadence Min* Cadillac Vent* O 1 Cadillac Vent V 0 Cairo Res V 13 Caledonia Mng T 14 X 36 Caledonia Mng* Calibre Mng V 419 California Gld V 469 California Go* O 37 Callinex Mines* O 167 V 392 Callinex Mines Cameco Corp* N 8098 Cameco Corp T 8056 O 133 Cameo Cobalt* Cameo Cobalt V 1819 Camino Mnls* O 16 Camino Mnls V 564 Camrova Res V 27 O 21 Camrova Res* Canada Cobalt V 1702 466 Canada Cobalt * O Canada One* O 5 Canada One V 75 O 193 Canadian Mng* CanAlaska Uran* O 93 V 126 CanAlaska Uran CanAm Coal* O 50 Canamex Gold 122 O 69 Canamex Gold* Canarc Res T 691 Canarc Res* O 68 Canasil Res V 236 Candelaria Mg* O 5 V 10 Candelaria Mg Candente Coppr T 288 O 2 Candente Gold* Candente Gold V 292 CANEX Metals * O 163 V 206 CANEX Metals CaNickel Mng V 22 O 1 CaNickel Mng* Canstar Res V 31 Canstar Res* O 3 Canterra Mnls V 123 Cantex Mn Dev* O 3 2 Cantex Mn Dev V Canuc Res V 159 Canuc Res* O 1 T 3643 Capstone Mng Caracara Silvr* O 2 Cardero Res V 29 Cardero Res* O 60 Cardinal Res* O 31 Cardinal Res T 83 Cariboo Rose V 25 Carlin Gold V 27 Carrara Explor 103256 Cartier Iron 600 Cartier Res V 388 Carube Copper V 842 O 12 Carube Copper* Casa Minerals V 583 Cascadero Copp V 102 Cassius Vents V 196 Castle Peak Mg V 217 Cautivo Mining 3 Cautivo Mining* O 1 Cda Carbon V 1225 Cda Carbon* O 300 Cda Rare Earth V 433 62 Cda Rare Earth* O Cdn Intl Mnrls V 60 Cdn Intl Mnrls* O 25 Cdn Metals 540 Cdn Orebodies V 40 Cdn Zinc* O 75 CellCube Enrgy 1301 CellCube Enrgy* O 255 Centamin T 61 Centaurus Diam* O 64 O 200 Centenera Mng* Centenera Mng V 91 Centerra Gold T 5573 Central Iron V 317 Centurion Mnls V 132 O 177 Century Cobalt* Century Global* O 9 Century Global T 61 Cerro Grande 30 Cerro Mng* O 0 Cerro Mng V 0 Ceylon Graph V 91 Chakana Copper V 429 O 98 Chakana Copper* Chalice Gold M* O 35 326 Chalice Gold M T Champion Bear V 84 Champion Bear* O 63 T 959 Champion Iron Champion Iron* O 16 O 0 Chatham Rock* Chatham Rock V 85 Chesapeake Gld* O 66 V 110 Chesapeake Gld Chevron Corp* N 34719 344 Chiboug Ind Mn V Chiboug Ind Mn* O 0 Chilean Metals* O 1 Chimata Gold 48 China Gold Int T 7414 Cicada Vents V 100 CIM Intl Grp 7 Cipher Res V 310 V 415 Claim Post Res Clarmin Explor V 40 Clean Comm V 9116 Clean Comm* O 299 Cleghorn Mnls V 230 Cleveland-Clif* N 57012 Cliffmont Res V 4 Clifton Mng* O 84 Cloud Peak En* N 3557 Clydesdale Res V 5 CMC Metals* O 7 CMC Metals V 677 20 CMX Gold & Sil CNRP Mng 6267 CNRP Mng* O 6158 Cobalt 27 Cap V 1730 Cobalt Block V 405 Cobalt Block* O 136 Cobalt Pwr Grp* O 480 Cobalt Pwr Grp V 2640 14393 Coeur Mng* N Colibri Res V 252 V 146 Colombia Crest Colombia Crest* O 52 Colonial Coal V 132 Colorado Res V 1694 Colorado Res* O 550 T 143 Columbus Gold Columbus Gold* O 344 Comet Inds V 28 O 25 Commander Res* Commander Res V 276 O 36 Commerce Res* Commerce Res V 566

0.33 0.28 0.32 - 0.02 0.50 0.20 0.25 0.18 0.25 + 0.06 0.32 0.17 0.02 0.02 0.02 unch 0.00 0.09 0.02 0.04 0.04 0.04 unch 0.00 0.11 0.04 1.31 1.23 1.23 - 0.08 2.22 1.07 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.00 0.00 0.03 unch 0.00 0.06 0.03 0.36 0.36 0.36 unch 0.00 0.43 0.30 8.98 7.98 8.81 + 0.64 12.50 6.70 7.03 6.30 6.85 + 0.63 9.94 5.17 0.06 0.05 0.06 - 0.01 0.15 0.05 0.25 0.19 0.25 + 0.05 0.55 0.19 0.17 0.15 0.17 + 0.02 0.43 0.15 0.12 0.09 0.12 + 0.02 0.37 0.09 0.16 0.13 0.16 + 0.03 0.45 0.12 10.10 9.59 9.92 + 0.25 12.19 7.68 13.04 12.47 12.84 + 0.23 15.95 9.90 0.23 0.20 0.21 - 0.02 0.99 0.14 0.30 0.26 0.29 - 0.02 0.45 0.10 0.09 0.09 0.09 + 0.00 0.45 0.09 0.13 0.11 0.13 + 0.02 0.60 0.11 0.09 0.00 0.08 - 0.01 0.16 0.06 0.07 0.03 0.03 - 0.04 0.15 0.00 0.68 0.47 0.61 + 0.11 0.90 0.15 0.51 0.35 0.48 + 0.09 0.79 0.01 0.08 0.06 0.07 + 0.01 0.32 0.05 0.10 0.00 0.09 + 0.01 0.52 0.07 1.35 0.73 1.30 + 0.57 1.35 0.20 0.27 0.25 0.27 + 0.02 0.37 0.21 0.35 0.32 0.35 + 0.02 0.45 0.26 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.10 0.00 0.09 unch 0.00 0.17 0.06 0.08 0.06 0.08 + 0.00 0.22 0.06 0.04 0.00 0.04 - 0.01 0.11 0.03 0.03 0.03 0.03 + 0.00 0.08 0.02 0.11 0.09 0.09 - 0.02 0.19 0.07 0.33 0.30 0.30 unch 0.00 0.71 0.06 0.39 0.38 0.38 - 0.01 0.99 0.23 0.07 0.06 0.06 unch 0.00 0.21 0.06 0.02 0.02 0.02 - 0.00 0.04 0.00 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.03 0.03 0.03 + 0.00 0.06 0.02 0.05 0.04 0.04 unch 0.00 0.08 0.03 0.13 0.00 0.13 unch 0.00 0.24 0.09 0.07 0.07 0.07 unch 0.00 0.18 0.07 0.20 0.00 0.19 - 0.02 0.45 0.17 0.18 0.00 0.18 unch 0.00 0.19 0.16 0.03 0.02 0.02 unch 0.00 0.05 0.02 0.13 0.13 0.13 unch 0.00 0.24 0.01 0.20 0.00 0.20 + 0.02 0.35 0.15 0.10 0.10 0.10 unch 0.00 0.44 0.10 0.09 0.00 0.09 unch 0.00 0.35 0.09 0.84 0.75 0.75 - 0.03 1.62 0.75 0.12 0.12 0.12 + 0.05 0.14 0.06 0.13 0.11 0.13 + 0.01 0.22 0.11 0.09 0.08 0.08 - 0.01 0.17 0.08 0.36 0.36 0.36 - 0.00 0.44 0.30 0.47 0.44 0.44 unch 0.00 1.05 0.37 0.02 0.02 0.02 unch 0.00 0.14 0.02 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.11 0.03 0.08 + 0.05 0.17 0.03 0.09 0.08 0.09 + 0.01 0.25 0.07 0.15 0.13 0.13 - 0.02 0.29 0.12 0.07 0.06 0.06 unch 0.00 0.10 0.05 0.04 0.00 0.04 unch 0.00 0.07 0.03 0.15 0.14 0.15 unch 0.00 0.22 0.07 0.04 0.04 0.04 + 0.01 0.16 0.04 0.07 0.06 0.06 - 0.02 0.08 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.36 0.36 0.36 unch 0.00 0.70 0.15 0.15 0.15 0.15 unch 0.00 0.43 0.15 0.11 0.08 0.11 + 0.02 0.17 0.04 0.08 0.06 0.08 + 0.01 0.13 0.04 0.07 0.06 0.06 - 0.01 0.10 0.03 0.06 0.04 0.05 + 0.00 0.08 0.02 0.15 0.15 0.15 unch 0.00 0.40 0.11 0.10 0.10 0.10 unch 0.00 0.34 0.06 0.09 0.07 0.08 - 0.01 0.20 0.05 0.25 0.22 0.25 + 0.03 0.39 0.14 0.09 0.08 0.08 unch 0.00 0.19 0.08 0.18 0.17 0.17 - 0.01 0.76 0.14 0.14 0.13 0.13 - 0.02 0.60 0.11 1.77 1.62 1.77 + 0.16 2.96 1.40 0.17 0.10 0.13 - 0.03 0.20 0.04 0.06 0.05 0.05 - 0.02 0.21 0.01 0.09 0.07 0.08 + 0.01 0.25 0.07 5.75 5.09 5.20 + 0.01 9.35 4.99 0.03 0.02 0.02 - 0.01 0.07 0.01 0.02 0.02 0.02 - 0.01 0.05 0.02 0.20 0.08 0.17 - 0.03 0.20 0.01 0.15 0.14 0.15 + 0.01 0.24 0.13 0.22 0.20 0.22 + 0.02 0.29 0.13 0.01 0.00 0.01 unch 0.00 0.03 0.01 0.00 0.00 0.12 unch 0.00 0.13 0.02 0.00 0.00 0.18 unch 0.00 0.22 0.04 0.19 0.16 0.17 - 0.02 0.26 0.14 0.48 0.38 0.46 - 0.02 1.05 0.38 0.37 0.31 0.35 - 0.02 0.79 0.31 0.10 0.10 0.10 - 0.01 0.25 0.10 0.14 0.13 0.13 + 0.01 0.33 0.13 0.18 0.17 0.18 + 0.01 0.23 0.10 0.14 0.14 0.14 unch 0.00 0.18 0.10 1.23 1.13 1.17 - 0.02 1.59 0.98 0.95 0.91 0.91 unch 0.00 1.22 0.79 0.00 0.00 0.19 unch 0.00 0.40 0.19 0.19 0.15 0.18 + 0.03 0.54 0.14 1.98 1.36 1.55 + 0.17 3.23 1.29 2.65 1.78 1.99 + 0.15 3.99 1.75 121.32 117.28 121.13 + 3.75 133.88 108.90 0.06 0.06 0.06 unch 0.00 0.08 0.05 0.00 0.00 0.04 unch 0.00 0.05 0.03 0.06 0.06 0.06 unch 0.00 0.12 0.02 0.13 0.11 0.12 - 0.01 0.15 0.06 2.15 1.84 2.00 + 0.18 3.19 1.75 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.24 0.00 0.24 - 0.02 0.50 0.08 0.10 0.00 0.10 - 0.03 0.32 0.07 0.16 0.15 0.15 - 0.01 0.27 0.03 0.11 0.11 0.11 unch 0.00 0.50 0.10 0.04 0.03 0.04 unch 0.00 0.21 0.03 0.03 0.02 0.03 + 0.01 0.16 0.02 0.09 0.08 0.09 + 0.01 0.14 0.05 12.46 11.46 12.16 + 0.65 12.46 5.60 0.60 0.15 0.50 unch 0.00 0.90 0.15 0.08 0.07 0.07 unch 0.00 0.12 0.05 2.49 2.14 2.41 + 0.24 5.70 2.14 0.03 0.03 0.03 unch 0.00 0.15 0.02 0.01 0.01 0.01 unch 0.00 0.08 0.01 0.02 0.02 0.02 - 0.01 0.10 0.02 0.05 0.05 0.05 unch 0.00 0.12 0.04 1.15 0.86 1.06 + 0.19 1.15 0.34 0.89 0.66 0.82 + 0.15 1.98 0.02 6.88 6.05 6.63 + 0.58 14.00 4.86 0.16 0.12 0.16 + 0.01 0.40 0.01 0.13 0.10 0.13 + 0.01 0.32 0.02 0.04 0.03 0.04 + 0.00 0.29 0.03 0.06 0.04 0.06 + 0.01 0.35 0.04 5.80 5.41 5.61 + 0.14 9.87 5.18 0.04 0.03 0.03 - 0.01 0.15 0.03 0.07 0.00 0.06 - 0.01 0.40 0.05 0.05 0.05 0.05 - 0.00 0.10 0.00 0.30 0.26 0.28 + 0.01 0.44 0.08 0.11 0.08 0.09 - 0.03 0.33 0.08 0.08 0.06 0.06 - 0.02 0.27 0.06 0.29 0.27 0.28 unch 0.00 0.92 0.18 0.23 0.20 0.22 - 0.01 0.73 0.14 3.30 3.10 3.30 + 0.20 3.60 2.75 0.12 0.11 0.11 - 0.01 0.16 0.00 0.17 0.14 0.14 - 0.01 0.28 0.13 0.06 0.04 0.05 + 0.00 0.08 0.04 0.07 0.06 0.06 + 0.01 0.10 0.06

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

0.25 unch 0.00 0.30 0.25 0.25 0.25 0.34 unch 0.00 0.80 0.40 0.00 0.40 0.13 0.19 0.13 0.16 + 0.00 0.94 0.03 unch 0.00 0.16 0.03 0.03 0.03 0.03 0.03 0.03 0.03 - 0.00 0.13 0.47 unch 0.00 1.75 0.00 0.00 0.72 0.05 0.06 0.05 0.06 + 0.01 0.14 0.04 unch 0.00 0.10 0.05 0.04 0.05 0.20 unch 0.00 0.59 0.00 0.00 0.20 0.20 0.25 0.20 0.21 - 0.04 0.80 0.01 0.03 0.02 0.02 - 0.01 0.10 0.03 0.03 0.03 0.03 - 0.01 0.07 - 0.05 19.16 130 18.15 17.50 17.95

O 1 Compass Gold* V 32 Compass Gold X 6643 Comstock Mng* V 651 Comstock Mtls O 134 Comstock Mtls * Condor Gold T 1 Condor Res V 279 Condor Res* O 650 O 0 Confedertn Ml* V 99 Confedertn Mls Conquest Res V 222 V 365 Cons Woodjam N CONSOL Coal Rs* 12.56 N 17233 CONSOL Energy* N 2886 CONSOL Energy* O 64 Constantine Mt* V 119 Constantine Mt O 18 Contact Gold* Contact Gold V 39 O 13 Contact Mnrls* Contintl Gold* O 323 Contintl Gold T 3075 Contintl Prec* O 1 Contintl Prec V 160 756 Copper Fox Mtl V 12 Copper Fox Mtl* O 298 Copper Lake Rs V Copper Mtn Mng T 2114 Copper Mtn Mng* O 177 16 Copper North M* O 99 Copper North M V Copper One V 110 29 Copper One * O 53 Copper Reef Mg Copperbank Res 1592 O 366 Copperbank Res* Coral Gold * O 10 Coral Gold V 91 Cordoba Mnls V 379 O 39 Cordoba Mnls* Core Gold V 431 Core Gold* O 88 Core Lithium* O 0 V 2271 Cornerstone Ca O 172 Cornerstone Ca* 20315 Coro Mining T Corsa Coal V 155 Corsa Coal * O 19 Corvus Gold* O 100 Corvus Gold T 312 CR Capital V 135 1 Crazy Horse Res* O Critical Elem V 1084 Critical Elem* O 29 V 1015 CROPS O 1 Crown Mining* Crown Mining V 173 Cruz Cobalt V 900 Cruz Cobalt* O 447 Crystal Lake V 228 Crystal Lake* O 113 Crystal Peak* O 42 Crystal Peak V 671 O 0 CTGX Mining* V 69 Currie Rose Rs 16 Currie Rose Rs* O 15 CWN M’g Acq V O 630 Cyclone Uran* Cypress Dev* O 240 Cypress Dev V 855

11.69 15.02 14.44 14.61 + 0.01 18.37 19.51 42.84 40.60 41.68 + 0.30 48.12 0.12 0.46 0.41 0.41 - 0.05 0.65 0.52 0.58 0.50 0.53 - 0.05 1.28 0.20 0.37 0.35 0.37 - 0.01 0.38 0.27 0.48 0.42 0.42 - 0.04 0.75 0.06 0.24 0.20 0.20 - 0.04 0.45 2.26 2.60 2.11 2.20 - 0.19 3.22 2.90 3.39 2.72 2.78 - 0.36 4.13 0.21 0.27 0.00 0.27 - 0.00 0.34 0.26 0.38 0.35 0.35 - 0.01 0.46 0.10 0.09 0.10 unch 0.00 0.18 0.09 0.08 0.07 0.08 + 0.00 0.14 0.07 0.03 0.03 0.03 unch 0.00 0.10 0.03 1.23 1.06 1.21 + 0.14 1.85 0.98 0.93 0.82 0.93 + 0.07 1.47 0.75 0.04 0.00 0.04 + 0.00 0.07 0.02 0.06 0.00 0.06 unch 0.00 0.11 0.04 0.04 0.14 0.12 0.13 - 0.02 0.22 0.10 0.09 0.10 + 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 0.07 + 0.01 0.14 0.03 0.05 0.04 0.04 - 0.00 0.12 0.16 0.28 0.27 0.27 - 0.01 0.35 0.32 0.37 0.34 0.34 - 0.03 0.43 0.10 0.13 0.11 0.12 - 0.01 0.62 0.08 0.10 0.08 0.09 - 0.01 0.50 0.22 0.30 0.25 0.27 - 0.02 0.38 0.18 0.22 0.19 0.20 - 0.00 0.34 0.10 unch 0.00 3.18 0.00 0.00 0.35 0.14 0.25 0.19 0.25 + 0.05 0.40 0.11 0.20 0.15 0.20 + 0.04 0.32 0.05 0.07 0.05 0.07 + 0.01 0.16 1.01 1.26 1.14 1.25 + 0.05 2.30 0.69 0.98 0.92 0.92 - 0.01 2.25 0.61 2.54 2.35 2.49 + 0.14 2.54 0.76 3.25 3.06 3.15 + 0.08 3.25 0.02 0.04 0.02 0.04 + 0.01 0.15 0.09 0.09 0.09 unch 0.00 0.18 0.09 0.65 0.90 0.75 0.90 + 0.13 1.86 0.51 0.70 0.59 0.70 + 0.12 1.48 0.03 unch 0.00 0.14 0.04 0.04 0.04 0.07 0.00 0.21 unch 0.07 0.07 0.07 0.08 0.10 0.08 0.10 + 0.01 0.28 0.08 unch 0.00 0.41 0.11 0.09 0.09 0.06 0.08 0.07 0.07 + 0.01 0.35 0.20 0.59 0.50 0.57 - 0.02 1.12 0.15 0.45 0.43 0.44 - 0.01 0.84 0.21 0.34 0.00 0.30 + 0.06 0.46 0.29 unch 0.00 0.58 0.44 0.32 0.33 0.10 unch 0.00 0.25 0.00 0.00 0.25 0.04 0.11 0.10 0.10 - 0.01 0.20 0.06 0.06 0.06 unch 0.00 0.07 0.03 0.05 0.05 0.05 unch 0.00 0.25 0.05 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.09 0.26 0.21 0.25 - 0.00 0.34 0.11 0.34 0.28 0.32 - 0.01 0.43

Dajin Res V 301 Dajin Res* O 442 O 141 Dakota Ter Res* Daleco Res* O 555 Dalradian Res T 821 Danakali* O 153 Debut Dmds 634 Decade Res V 653 Decade Res* O 132 Declan Cobalt 30 V 537 Deep-South Res Defiance Silvr V 249 O 101 Defiance Silvr* Delrand Res V 133 T 2107 Denison Mines X 3858 Denison Mines* Desert Gold* O 16 Desert Gold V 74 Desert Lion* O 66 Desert Lion V 2624 198 Desert Mtn Egy V 43 Desert Mtn Egy* O Detour Gold T 5193 O 34 Diamante Min* O 52 Diamcor Mng* Diamcor Mng V 95 O 49 Diamond Disc* V 53 Diamond Fields O 0 Diamond Fields* Dios Expl V 134 O 532 Discovery Gold* V 64 Discovery Harb V 84 Discovery Met O 5114 Discovery Mnls* V 82 Discovery-Corp District Cop V 1525 District Cop* O 54 Ditem Explor* O 42 O 73 Diversified Rs* DNI Metals 490 DNI Metals* O 60 140 Dolat Ventures* O 98 Dolly Vard Sil* O Dolly Vard Sil V 562 O 40 Doubleview Cap* V 605 Doubleview Cap DRDGOLD* N 2939 95 Duncan Park H V Dundee Prec Mt T 1871 O 13 Dunnedin Vent* Durango Res V 324 Durango Res* O 435 DV Resources V 95 O 1 DV Resources* 35 Dynacor Gld Mn* O 165 Dynacor Gld Mn T O 0 Dynamic Gold* O 1 DynaResource* Dynasty Gold V 50 O 0 Dynasty Gold* E3 Metals V 56 V 35 Eagle Graphite O 20 Eagle Graphite* Eagle Plains V 671 337 V East Africa 11 East Africa * O O 53 East Asia Mnls* V 649 East Asia Mnls EastCoal Inc V 6 O 11 Eastern Platin* Eastern Platin T 11 Eastfield Res V 360 O 51 Eastmain Res* Eastmain Res T 419 34 Eco Oro Mnls 13 Eco Oro Mnls* O eCobalt Solns T 1468 O 832 eCobalt Solns* V 69 Edgewater Expl O 0 Edgewater Expl* O 40 Edison Cobalt* Edison Cobalt V 1332 912 El Capitan Prc* O 0 El Nino Vent* O 120 El Nino Vent V Elcora Res V 142 Elcora Res* O 122 47239 N Eldorado Gold* T 7690 Eldorado Gold O 0 Electra Stone* Eloro Res* O 15 Eloro Res V 91 141 Ely Gold Royal V 241 Ely Gold Royal* O 15 Elysee Dev * O Elysee Dev V 15

0.09 unch 0.00 0.22 0.11 0.09 0.10 0.06 0.08 0.07 0.08 - 0.00 0.17 0.03 0.05 0.03 0.03 - 0.01 0.10 0.00 0.00 0.00 0.00 + 0.00 0.01 0.89 unch 0.00 1.67 1.47 1.46 1.47 0.44 0.61 0.55 0.57 - 0.04 0.69 0.01 unch 0.00 0.03 0.01 0.00 0.01 0.05 0.06 0.05 0.05 - 0.01 0.17 0.04 unch 0.00 0.14 0.05 0.05 0.05 0.30 0.34 0.29 0.29 - 0.03 0.38 0.06 unch 0.00 0.45 0.12 0.06 0.12 0.22 0.30 0.25 0.26 + 0.01 0.44 0.17 0.22 0.19 0.20 + 0.01 0.35 0.38 0.60 0.00 0.57 - 0.03 2.44 0.50 0.74 0.69 0.71 + 0.01 0.80 0.38 0.58 0.53 0.56 + 0.02 0.64 0.12 unch 0.00 0.24 0.12 0.12 0.12 0.14 0.16 0.15 0.15 - 0.01 0.30 0.07 0.07 0.07 0.07 - 0.02 1.07 0.08 0.10 0.08 0.09 - 0.02 2.35 0.18 0.16 0.18 + 0.01 0.25 0.06 0.14 0.12 0.14 + 0.01 0.20 0.01 unch 0.00 15.40 9.11 11.65 10.81 11.06 0.02 0.18 0.16 0.17 + 0.00 0.24 0.20 0.27 0.26 0.26 + 0.01 0.52 0.28 0.35 0.31 0.34 - 0.01 0.67 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.08 0.09 0.00 0.08 - 0.01 0.15 0.06 unch 0.00 0.11 0.00 0.00 0.06 0.06 0.07 0.00 0.07 + 0.01 0.19 0.00 0.00 0.00 0.00 - 0.00 0.01 0.05 0.06 0.00 0.06 + 0.01 0.08 0.27 0.30 0.28 0.30 + 0.03 0.85 0.00 0.00 0.00 0.00 - 0.00 0.00 0.01 0.02 0.01 0.01 - 0.01 0.04 0.04 unch 0.00 0.21 0.05 0.04 0.05 0.03 0.04 0.03 0.04 - 0.00 0.16 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.02 0.03 0.01 0.01 - 0.01 0.14 0.05 0.07 0.06 0.07 + 0.01 0.15 0.04 unch 0.00 0.12 0.06 0.00 0.06 0.45 0.38 0.41 unch 0.00 15.80 0.24 0.35 0.28 0.30 + 0.01 0.84 0.28 0.37 0.43 0.38 0.38 - 0.01 1.04 0.04 0.09 0.08 0.09 + 0.00 0.09 0.05 0.13 0.12 0.12 - 0.01 0.13 1.76 2.30 1.76 2.25 + 0.13 4.00 0.01 0.02 0.00 0.01 unch 0.01 0.01 3.00 2.60 2.93 + 0.34 3.60 2.34 0.12 0.13 0.12 0.12 - 0.01 0.26 0.04 unch 0.00 0.11 0.06 0.05 0.05 0.04 unch 0.00 0.08 0.04 0.04 0.04 0.10 0.15 0.11 0.11 - 0.03 0.50 0.08 unch 0.00 0.44 0.08 0.08 0.08 1.26 1.20 1.25 + 0.04 1.85 1.03 1.65 1.57 1.62 + 0.02 2.26 1.47 0.75 unch 0.00 3.00 0.00 0.00 2.20 1.00 1.14 0.00 1.14 - 0.06 1.40 0.10 unch 0.00 0.27 0.16 0.16 0.16 0.07 unch 0.00 0.22 0.00 0.00 0.16 0.32 0.38 0.36 0.37 - 0.01 1.01 0.12 unch 0.00 0.36 0.16 0.15 0.15 0.01 unch 0.00 0.18 0.12 0.12 0.12 0.09 0.10 0.09 0.09 - 0.01 0.29 0.24 0.21 0.22 + 0.01 0.37 0.14 0.18 0.18 0.18 + 0.00 0.28 0.10 0.02 0.06 0.04 0.04 - 0.02 0.14 0.03 0.07 0.05 0.06 - 0.01 0.17 0.08 unch 0.00 0.30 0.12 0.12 0.12 0.18 unch 0.00 0.37 0.19 0.18 0.19 0.24 unch 0.00 0.50 0.26 0.00 0.24 0.03 0.06 0.04 0.05 - 0.01 0.06 0.12 0.14 0.13 0.14 + 0.00 0.29 0.16 unch 0.00 0.36 0.19 0.17 0.18 0.22 0.18 0.22 + 0.04 0.45 0.15 0.14 0.14 0.14 unch 0.00 0.34 0.12 0.54 0.87 0.78 0.80 + 0.02 2.10 0.41 0.68 0.58 0.63 + 0.05 1.74 0.12 0.16 0.15 0.15 - 0.01 0.19 0.09 unch 0.00 0.13 0.00 0.00 0.12 0.06 0.08 0.07 0.07 - 0.02 0.24 0.06 0.12 0.08 0.09 - 0.04 0.36 0.02 0.01 0.02 + 0.00 0.05 0.01 0.00 0.00 0.03 unch 0.00 0.06 0.02 0.04 0.04 0.04 unch 0.00 0.08 0.02 0.13 0.20 0.17 0.20 + 0.03 0.56 0.12 0.16 0.13 0.15 + 0.02 0.44 0.80 0.96 0.83 0.88 + 0.06 2.36 1.03 1.25 1.09 1.17 + 0.08 2.92 0.01 unch 0.00 0.03 0.00 0.00 0.01 0.29 0.33 0.33 0.33 + 0.01 0.96 0.35 0.44 0.42 0.44 + 0.02 1.27 0.11 0.10 0.11 + 0.01 0.15 0.09 0.08 0.07 0.08 + 0.01 0.12 0.07 0.29 0.27 0.28 + 0.00 0.31 0.20 0.26 0.36 0.00 0.36 + 0.01 0.39

D-F

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / OCTOBER 1â&#x20AC;&#x201C;14, 2018

Week

12-month

Exc Volume High Low Last Change High Low

Emerita Res V 1012 Emgold Mng* O 8 Emgold Mng V 21 Empire Rock* O 0 Empire Rock V 0 EMX Royalty* X 203 EMX Royalty V 72 Encanto Potash* O 5 V 203 Encanto Potash EnCore Energy V 1132 T 2161 Endeavour Mng O 35 Endeavour Mng* Endeavr Silver* N 3593 T 634 Endeavr Silver Endurance Gold V 55 Energy Fuels* X 4063 Energy Fuels T 1122 Enforcer Gold* O 13 Enforcer Gold V 5498 Engineer Gold V 295 Engold Mines V 354 O 105 Engold Mines* Ensurge* O 2 Entree Res* X 258 Entree Res T 115 O 1 ePower Metals* V 293 ePower Metals Equinox Gold V 4904 Equitorial Ex V 940 Erdene Res Dev* O 169 T 1298 Erdene Res Dev Erin Ventures* O 33 Erin Ventures V 333 T 980 Ero Copper Ero Copper* O 5 O 43 Eros Res Corp* 36 Eros Res Corp V Eros Res Corp V 36 Eskay Mng V 574 Essex Minerals V 8 Ethos Gold* O 1 Ethos Gold V 214 Euro Sun Mg* O 8 433 Euro Sun Mg T EurOmax Res* O 309 EurOmax Res T 873 O 46 European Elect* European Elect V 72 O 1360 European Metal* Eurotin V 209 Everton Res* O 163 Everton Res V 563 EVI Global Grp 744 Evrim Res V 241 Excellon Res T 479 Excellon Res* O 240 O 263 Excelsior Mng* Excelsior Mng T 403 ExGen Res Inc V 1488 Explor Res* O 103 Explor Res V 135 Explorex Res* O 25 Explorex Res 90 Fairmont Res V 3669 Fairmont Res* O 4 Falco Res V 810 220 Falco Res * O Falcon Gold V 574 V 540 Fancamp Expl Far Res 3883 Far Res* O 134 V 91 Fengro Industr Filo Mg Corp V 138 Finlay Minrls V 96 Fiore Gold* O 141 Fiore Gold V 109 0 Fire River Gol* O Firesteel Res* O 32 Firesteel Res V 193 Firestone Vent V 185 Fireweed Zinc V 360 O 26 Fireweed Zinc* Firma Holdings* O 7 First Bauxite V 1194 First Bauxite* O 13 First Cobalt * O 723 First Cobalt V 2290 First Colombia* O 4484 First Energy* O 10 First Energy V 128 First Legacy V 147 11007 First Liberty* O First Majestic T 3413 N 15832 First Majestic* First Mexican V 2117 T 5543 First Mg Fin First Mg Fin * O 1211 First Point* O 5 First Quantum T 14961 First Vanadium V 528 O 170 First Vanadium* V 304 Fission 3.0 Fission 3.0* O 84 Fission Uran* O 1085 Fission Uran T 2416 V 231 Five Star Diam 48 Five Star Diam* O Fjordland Exp* O 385 Fjordland Exp V 201 Flowery Gold* O 45 O 585 Focus Graphite* V 4450 Focus Graphite Foran Mng V 118 Forsys Metals T 328 Fort St J Nick V 8 O 10 Fortescue Met* Fortuna Silvr T 4103 Fortuna Silvr* N 4839 Fortune Bay V 35 Fortune Bay* O 4 O 301 Fortune Mnrls* Fortune Mnrls T 1133 Forum Energy V 319 O 113 Forum Energy* Fox River Res* O 3 4 Fox River Res FPX Nickel V 201 Franco-Nevada* N 4784 Franco-Nevada T 3022 Franklin Mng* O 0 Freedom Egy V 1 Freegold Vent T 291 Freeport McMoR* N 136066 O 3 Fremont Gold* Fremont Gold V 247 Fresnillo plc* O 60 Frontier Lith V 190 Frontline Gold V 134 1 Full Metal Mnl* O Fura Gems V 255 Fura Gems* O 28

0.04 0.03 0.04 unch 0.00 0.17 0.04 0.11 0.00 0.11 - 0.03 0.21 0.09 0.14 0.13 0.14 + 0.01 0.25 0.12 0.00 0.00 0.15 unch 0.00 0.15 0.15 0.00 0.00 0.12 unch 0.00 0.30 0.11 1.20 1.08 1.20 + 0.04 1.47 0.67 1.55 1.39 1.55 + 0.03 1.75 0.85 0.18 0.15 0.15 - 0.02 0.22 0.02 0.22 0.18 0.19 - 0.03 0.70 0.18 0.13 0.11 0.13 + 0.01 0.14 0.04 21.41 18.50 20.12 + 1.17 26.86 18.09 16.22 14.44 15.97 + 1.37 21.72 13.87 2.37 2.19 2.29 + 0.08 3.35 1.94 3.04 2.85 2.95 + 0.06 4.40 2.50 0.05 0.05 0.05 unch 0.00 0.09 0.05 3.39 3.06 3.23 + 0.08 3.64 1.30 4.39 3.97 4.20 + 0.09 4.65 1.66 0.04 0.03 0.03 - 0.01 0.12 0.03 0.04 0.03 0.03 - 0.01 0.15 0.03 0.10 0.09 0.10 unch 0.00 0.12 0.08 0.13 0.09 0.10 - 0.03 0.30 0.09 0.11 0.08 0.08 - 0.03 0.24 0.08 0.05 0.05 0.05 unch 0.00 0.09 0.02 0.38 0.36 0.38 + 0.01 0.69 0.33 0.49 0.48 0.48 - 0.01 0.85 0.42 0.15 0.14 0.15 - 0.01 0.55 0.12 0.21 0.18 0.18 - 0.01 0.75 0.08 1.06 0.97 0.98 - 0.03 1.39 0.88 0.04 0.04 0.04 - 0.01 0.15 0.04 0.29 0.24 0.25 - 0.05 0.63 0.24 0.39 0.31 0.32 - 0.06 0.79 0.31 0.11 0.00 0.11 unch 0.00 0.23 0.06 0.17 0.14 0.15 - 0.02 0.33 0.08 12.00 9.90 11.65 + 1.66 12.00 4.70 7.95 7.93 7.93 + 0.86 8.12 3.88 0.09 0.08 0.08 - 0.00 0.18 0.07 0.10 0.10 0.10 unch 0.00 0.23 0.10 0.10 0.10 0.10 unch 0.00 0.23 0.10 0.34 0.27 0.33 + 0.06 0.51 0.18 0.12 0.09 0.12 unch 0.00 0.25 0.07 0.09 0.09 0.09 - 0.00 0.23 0.09 0.13 0.12 0.13 - 0.01 0.28 0.12 0.55 0.48 0.55 - 0.02 1.40 0.48 0.79 0.62 0.70 + 0.01 1.82 0.62 0.10 0.01 0.01 - 0.09 0.28 0.04 0.13 0.02 0.11 - 0.03 0.37 0.05 0.14 0.00 0.13 - 0.01 0.79 0.09 0.18 0.15 0.15 - 0.01 0.93 0.12 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.09 0.08 0.08 - 0.01 0.13 0.05 0.03 0.00 0.02 + 0.00 0.05 0.02 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.59 0.45 0.49 + 0.01 0.59 0.03 1.32 1.25 1.29 - 0.02 1.70 0.20 1.11 0.92 0.99 - 0.11 2.27 0.93 0.86 0.72 0.75 - 0.11 1.81 0.72 0.74 0.64 0.74 + 0.08 1.21 0.62 0.96 0.83 0.95 + 0.09 1.50 0.82 0.02 0.02 0.02 + 0.01 0.03 0.01 0.03 0.01 0.02 - 0.00 0.06 0.01 0.03 0.02 0.02 unch 0.00 0.07 0.02 0.24 0.23 0.23 unch 0.00 0.31 0.15 0.30 0.25 0.27 - 0.03 0.65 0.18 0.04 0.02 0.04 + 0.02 0.04 0.01 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.49 0.38 0.41 + 0.02 1.25 0.36 0.37 0.29 0.33 + 0.04 1.01 0.28 0.04 0.00 0.04 unch 0.00 0.08 0.03 0.08 0.07 0.07 - 0.01 0.18 0.05 0.15 0.11 0.14 + 0.02 1.10 0.10 0.11 0.08 0.11 + 0.01 0.87 0.08 0.10 0.10 0.10 - 0.01 0.31 0.10 2.25 2.20 2.25 unch 0.00 2.75 2.00 0.04 0.03 0.04 unch 0.00 0.34 0.03 0.27 0.23 0.25 - 0.01 0.95 0.23 0.35 0.31 0.31 - 0.06 1.18 0.31 0.00 0.00 0.00 unch 0.00 2.41 0.00 0.08 0.08 0.08 unch 0.00 0.12 0.08 0.14 0.10 0.11 - 0.01 0.17 0.07 0.07 0.07 0.07 unch 0.00 0.19 0.05 1.04 0.83 1.01 + 0.11 2.14 0.67 0.80 0.63 0.80 + 0.11 1.67 0.54 0.04 0.03 0.04 + 0.00 0.13 0.02 0.04 0.03 0.03 - 0.01 0.06 0.03 0.03 0.03 0.03 unch 0.00 0.04 0.03 0.30 0.25 0.27 - 0.02 1.30 0.20 0.38 0.33 0.34 - 0.04 1.65 0.26 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.10 0.10 0.10 - 0.02 0.32 0.10 0.22 0.13 0.20 + 0.08 0.43 0.10 0.20 0.17 0.20 + 0.03 0.25 0.12 0.00 0.00 0.00 unch 0.00 0.00 0.00 7.70 7.08 7.31 + 0.18 11.09 6.24 5.97 5.44 5.70 + 0.24 8.48 4.93 0.03 0.02 0.03 unch 0.00 0.07 0.01 0.38 0.33 0.37 + 0.04 0.70 0.33 0.29 0.25 0.28 + 0.02 0.57 0.25 0.07 0.07 0.07 unch 0.00 0.13 0.06 17.76 15.21 17.18 + 1.84 23.05 13.54 1.31 1.04 1.30 + 0.23 1.88 0.12 1.01 0.82 1.01 + 0.19 1.41 0.13 0.12 0.09 0.11 + 0.02 0.28 0.08 0.09 0.07 0.09 + 0.02 0.17 0.02 0.55 0.47 0.51 + 0.02 0.72 0.43 0.70 0.62 0.67 + 0.04 0.89 0.55 0.10 0.09 0.09 - 0.01 0.30 0.09 0.08 0.08 0.08 unch 0.00 0.25 0.08 0.09 0.06 0.06 - 0.03 0.39 0.08 0.12 0.09 0.09 - 0.02 0.50 0.09 0.20 0.10 0.12 + 0.02 0.30 0.10 0.03 0.02 0.02 - 0.00 0.08 0.02 0.03 0.02 0.03 - 0.01 0.11 0.03 0.33 0.00 0.32 unch 0.00 0.62 0.24 0.26 0.24 0.25 + 0.01 0.29 0.09 0.41 0.39 0.39 unch 0.00 0.59 0.15 2.85 2.59 2.85 + 0.26 4.30 2.53 5.90 5.47 5.63 + 0.14 7.78 5.13 4.57 4.20 4.37 + 0.16 6.08 4.03 0.30 0.00 0.26 - 0.05 0.51 0.28 0.23 0.00 0.19 - 0.03 0.41 0.20 0.10 0.09 0.09 + 0.01 0.33 0.00 0.13 0.12 0.12 - 0.01 0.38 0.10 0.05 0.04 0.05 + 0.01 0.09 0.04 0.04 0.03 0.04 + 0.00 0.07 0.03 0.04 0.04 0.04 - 0.00 0.08 0.04 0.06 0.00 0.06 unch 0.00 0.15 0.05 0.10 0.08 0.09 - 0.01 0.18 0.07 65.10 61.90 63.95 + 2.18 86.06 58.26 83.93 80.71 82.53 + 1.85 110.18 76.53 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.04 unch 0.00 0.12 0.04 0.10 0.07 0.08 + 0.02 0.14 0.06 14.90 13.66 14.61 + 0.92 20.25 12.18 0.10 0.09 0.10 + 0.01 0.17 0.07 0.14 0.12 0.14 + 0.03 0.22 0.09 11.32 10.40 11.32 + 0.92 19.93 10.17 0.40 0.38 0.40 + 0.01 0.85 0.37 0.02 0.01 0.02 unch 0.00 0.03 0.01 0.00 0.00 0.00 unch 0.00 0.12 0.00 0.42 0.34 0.41 + 0.05 1.13 0.34 0.31 0.29 0.31 + 0.04 1.23 0.25

Gabriel Res* O 30 Gabriel Res V 111 Gainey Capital V 249 Galane Gold V 270 Galane Gold * O 9 O 5 Galantas Gold* V 112 Galantas Gold Galore Res V 1490 O 40 Galway Gold * Galway Gold V 38 Galway Mtls* O 3 Galway Mtls V 164 GAR Limited 21302 Garibaldi Res V 1619 Garibaldi Res * O 223 General Moly T 5 General Moly* X 484 Generation Min* O 1 Generation Min 9 Generic Gold 25 Genesis Mtls* O 222 Genesis Mtls V 563 Genius Props * O 23 Genius Props 673 Gensource Pot V 876 Gentor Res V 5 Geomega Res V 221 Geomega Res* O 214 420 Gespeg Cop Res V Getty Copper V 212 O 314 GFG Resources* GGL Res* O 0 GGL Res V 143

0.29 0.25 0.26 + 0.01 0.34 0.22 0.38 0.33 0.34 - 0.03 0.45 0.29 0.06 0.05 0.06 + 0.01 0.15 0.04 0.06 0.05 0.05 unch 0.00 0.07 0.05 0.04 0.04 0.04 + 0.00 0.06 0.03 0.07 0.07 0.07 unch 0.00 0.10 0.06 0.11 0.09 0.10 - 0.01 0.13 0.07 0.04 0.03 0.04 + 0.02 0.06 0.01 0.10 0.10 0.10 - 0.01 0.12 0.10 0.14 0.14 0.14 - 0.01 0.64 0.14 0.17 0.17 0.17 unch 0.00 0.36 0.13 0.22 0.21 0.21 - 0.02 0.45 0.17 0.17 0.09 0.17 + 0.06 0.65 0.07 2.95 2.44 2.86 + 0.64 5.27 1.43 2.28 1.89 2.23 + 0.44 4.12 1.18 0.49 0.46 0.49 + 0.02 0.63 0.35 0.39 0.35 0.37 - 0.01 0.46 0.28 0.08 0.08 0.08 unch 0.00 0.08 0.08 0.15 0.00 0.15 + 0.01 0.20 0.08 0.20 0.00 0.20 + 0.05 0.32 0.15 0.08 0.07 0.07 - 0.01 0.15 0.04 0.10 0.09 0.09 unch 0.00 0.18 0.05 0.22 0.20 0.20 unch 0.00 0.22 0.16 0.28 0.25 0.28 + 0.01 0.31 0.12 0.14 0.13 0.13 - 0.01 0.16 0.06 0.06 0.06 0.06 unch 0.00 0.20 0.06 0.09 0.08 0.08 unch 0.00 0.20 0.06 0.07 0.06 0.06 + 0.01 0.12 0.05 0.04 0.00 0.04 + 0.01 0.06 0.02 0.06 0.03 0.03 - 0.02 0.06 0.02 0.21 0.19 0.19 - 0.02 0.55 0.15 0.00 0.00 0.07 unch 0.00 0.13 0.07 0.10 0.09 0.10 + 0.01 0.19 0.09

G-H

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

GGX Gold V 778 GGX Gold* O 78 Giga Metals* O 44 Giga Metals V 212 Gitennes Expl V 469 Giyani Gold V 88 Giyani Gold* O 22 Glacier Lake V 387 O 136 Gldn Predator* Gldn Predator V 244 150 Glen Eagle Res V Glencore Plc* O 6214 Global Atomic V 656 O 90 Global Energy* Global Energy V 205 Global Li-Ion 103 Global Li-Ion* O 30 O 1 GlobalMin Vent* Globex Mng* O 59 Globex Mng T 37 O 12 GMV Minerals* GMV Minerals V 158 O 87897 GNCC Capital* Go Cobalt 275 GoGold Res T 460 O 374 Gold Dynamics* Gold Fields* N 30792 V 336 Gold Finder Ex 1 Gold Finder Ex* O Gold Lakes* O 113 Gold Reserve V 31 Gold Reserve* O 89 X 2287 Gold Resource* V 788 Gold Rush Cari Gold Std Vents T 1624 Gold Std Vents* X 5373 Goldbank Mng V 0 O 0 Goldbank Mng* Goldcliff Res* O 87 Goldcliff Res V 100 Goldcorp T 13391 Goldcorp* N 43715 Golden Arrow V 763 O 570 Golden Arrow* Golden Band* O 704 V 13 Golden Cariboo Golden Dawn Ml V 331 35 Golden Dawn Ml* O O 0 Golden Global* Golden Goliath* O 12 V 123 Golden Goliath Golden Harp V 0 Golden Hope V 65 Golden Hope* O 5 Golden Mnls* X 755 Golden Mnls T 35 Golden Peak Mn V 617 O 10 Golden Peak Mn* V 55 Golden Pursuit Golden Pursuit* O 1 T 155 Golden Queen Golden Queen* O 139 Golden Reign V 742 Golden Ridge V 5474 Golden Share V 84 O 0 Golden Share* Golden Star T 159 Golden Star* X 6002 Golden Tag V 38 Golden Valley* O 133 Golden Valley V 247 Goldex Res* O 4 Goldex Res V 77 T 209 Goldgroup Mng Goldgroup Mng* O 104 GoldMining* O 399 GoldMining T 731 GoldON Res V 100 Goldplay Expl V 151 GoldQuest Mng V 339 Goldrea Res 421 Goldrea Res* O 48 O 363 Goldrich Mng* O 480 Goldsource Min* Goldsource Min V 537 O 195 Goldstar Mnls* Goldstar Mnls V 440 V 636 Goldstream Mnl V 102 Goldstrike Res Goliath Res V 871 Goliath Res* O 82 Gossan Res V 15 O 599 GoviEx Uranium* V 1154 GoviEx Uranium Gowest Gold* O 926 Gowest Gold V 4705 GPM Metals* O 1 GPM Metals V 181 O 74 Gran Colombia* Gran Colombia T 288 Granada Gold V 478 Granada Gold* O 59 V 234 Grande Portage O 1 Grande Portage* Granite Ck Gld V 106 Graphite Egy* O 216 Graphite Egy 103 O 139 Graphite One* Graphite One V 553 Gratomic V 4322 Gratomic* O 5 Gray Rock Res V 63 Great Atlantic V 650 V 1561 Great Bear Res Great Bear Res* O 126 O 182 Great Lakes Gr* Great Lakes Gr V 226 Great Panther T 342 X 2956 Great Panther* Great Quest Fe* O 12 V 238 Great Quest Fe Great Thunder V 164 O 104 Great Western* O 0 Greatbanks Res* Green Arrow V 64 Green River 20 Green Swan Cap V 124 84 Green Valley M V V 240 Greencastle Rs Greenland M&En* O 368 V 1 Greenshield Ex Grenville Gold V 0 O 1 Grenville Gold* Grid Metals V 317 Grid Metals* O 60 O 105 Grizzly Discvr* Grizzly Discvr V 664 V 3 Grosvenor Res Group Eleven V 638 Group Ten Mtls* O 289 869 Group Ten Mtls V GrowMax Res* O 31 GrowMax Res V 2248 GT Gold V 1541 GT Gold * O 176 328 GTA Res & Mng V Guerrero Vents V 36 Gungnir Res V 1108 Gungnir Res* O 520 Gunpoint Expl V 45 T 18657 Guyana Gldflds Guyana Goldstr V 121 O 1 Guyana Goldstr* Handa Mining V 7 Handeni Gold* O 6 V 85 Hannan Metals Hannan Metals* O 106 V 67 Happy Ck Mnrls V 31 Harfang Explor Harmony Gold* N 23833 Harte Gold* O 167 Harte Gold T 7610 Harvest Gold* O 4683 Harvest Gold V 7170 Havilah Mining* O 56 V 437 Havilah Mining Hawkeye Gld&Di V 456 V 274 Heatherdale Rs 48366 Hecla Mining* N Helio Res V 4 Helio Res* O 24 Hellix Vent* O 27 O 64 Hemcare Health* Heron Res* O 1 Highbank Res V 824 V 456 Highland Copp Highland Copp* O 459

0.10 0.09 0.09 - 0.01 0.18 0.07 0.08 0.07 0.07 - 0.01 0.14 0.06 0.21 0.18 0.19 - 0.01 0.72 0.13 0.29 0.25 0.25 - 0.03 0.92 0.15 0.04 0.04 0.04 unch 0.00 0.15 0.04 0.30 0.26 0.28 unch 0.00 0.49 0.15 0.24 0.21 0.22 - 0.01 0.37 0.12 0.04 0.03 0.04 + 0.01 0.13 0.03 0.30 0.25 0.26 - 0.01 0.77 0.25 0.37 0.33 0.34 - 0.01 0.97 0.33 0.17 0.14 0.17 + 0.02 0.25 0.11 8.76 7.77 8.72 + 0.95 11.68 7.35 0.44 0.40 0.40 - 0.02 0.47 0.20 0.07 0.06 0.07 + 0.01 0.22 0.05 0.10 0.00 0.10 + 0.03 0.27 0.06 0.16 0.13 0.14 unch 0.00 0.97 0.13 0.11 0.09 0.10 - 0.01 0.80 0.09 0.60 0.58 0.58 - 0.03 140.00 0.55 0.28 0.26 0.27 + 0.01 0.40 0.25 0.36 0.34 0.34 unch 0.00 0.51 0.31 0.13 0.13 0.13 unch 0.00 0.33 0.12 0.18 0.17 0.17 unch 0.00 0.40 0.17 0.00 0.00 0.00 + 0.00 0.00 0.00 0.15 0.13 0.15 + 0.03 0.22 0.07 0.35 0.31 0.33 + 0.02 0.58 0.31 0.00 0.00 0.00 - 0.00 0.01 0.00 2.56 2.31 2.44 + 0.08 4.54 2.20 0.21 0.19 0.19 - 0.02 1.85 0.17 0.15 0.00 0.15 unch 0.00 1.33 0.00 0.04 0.00 0.02 - 0.01 0.50 0.01 3.65 3.15 3.30 - 0.15 5.35 2.50 2.80 2.41 2.57 - 0.08 4.25 2.05 5.33 4.92 5.11 + 0.07 7.33 3.52 0.16 0.12 0.12 - 0.01 0.35 0.10 2.34 1.96 2.34 + 0.38 2.46 1.50 1.82 1.51 1.77 + 0.27 2.01 1.15 0.00 0.00 0.14 unch 0.00 0.34 0.13 0.00 0.00 0.10 unch 0.00 0.16 0.10 0.06 0.05 0.05 - 0.01 0.41 0.05 0.08 0.07 0.07 - 0.01 0.52 0.08 14.17 13.34 13.67 + 0.33 19.32 13.02 11.00 10.25 10.60 + 0.37 15.55 9.89 0.41 0.34 0.36 - 0.04 0.72 0.37 0.32 0.27 0.28 - 0.03 0.58 0.29 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.06 0.05 0.05 - 0.02 0.16 0.05 0.12 0.10 0.10 + 0.01 0.63 0.07 0.08 0.07 0.08 + 0.01 0.31 0.07 0.00 0.00 0.12 unch 0.00 0.19 0.00 0.02 0.02 0.02 + 0.00 0.05 0.01 0.03 0.03 0.03 - 0.01 0.06 0.03 0.00 0.00 0.08 unch 0.00 0.20 0.01 0.08 0.07 0.08 unch 0.00 0.12 0.06 0.07 0.05 0.06 + 0.00 0.10 0.05 0.27 0.23 0.24 + 0.01 0.51 0.21 0.35 0.32 0.34 + 0.01 0.62 0.28 0.35 0.29 0.32 + 0.02 0.56 0.16 0.24 0.22 0.22 - 0.01 0.41 0.22 0.12 0.10 0.11 + 0.02 0.21 0.09 0.06 0.06 0.06 unch 0.00 0.16 0.06 0.17 0.16 0.17 - 0.01 0.62 0.14 0.14 0.12 0.13 - 0.01 0.51 0.10 0.18 0.17 0.18 + 0.01 0.37 0.17 0.27 0.21 0.22 - 0.05 0.54 0.11 0.13 0.11 0.12 + 0.01 0.30 0.09 0.00 0.00 0.13 unch 0.00 0.20 0.11 1.00 0.93 0.98 + 0.04 1.17 0.70 0.78 0.72 0.78 + 0.05 0.92 0.56 0.06 0.06 0.06 unch 0.00 0.08 0.03 0.22 0.19 0.21 - 0.00 0.25 0.16 0.28 0.27 0.27 + 0.02 0.31 0.22 0.19 0.19 0.19 + 0.04 1.96 0.15 0.29 0.20 0.24 + 0.04 2.56 0.19 0.05 0.05 0.05 + 0.01 0.09 0.05 0.04 0.03 0.03 + 0.00 0.07 0.03 0.67 0.63 0.65 - 0.00 1.43 0.60 0.88 0.83 0.84 - 0.01 1.77 0.82 0.17 0.00 0.15 unch 0.00 0.20 0.12 0.23 0.21 0.23 + 0.02 0.32 0.16 0.17 0.15 0.17 + 0.01 0.46 0.15 0.07 0.06 0.07 - 0.01 0.38 0.04 0.05 0.05 0.05 unch 0.00 0.30 0.03 0.03 0.03 0.03 - 0.00 0.05 0.02 0.06 0.04 0.05 + 0.00 0.10 0.03 0.08 0.07 0.07 unch 0.00 0.12 0.05 0.05 0.04 0.05 - 0.03 0.08 0.04 0.07 0.06 0.06 - 0.02 0.12 0.03 0.08 0.00 0.05 - 0.04 0.18 0.04 0.13 0.12 0.12 - 0.01 0.36 0.10 0.19 0.16 0.16 - 0.03 0.40 0.08 0.13 0.13 0.13 - 0.00 0.21 0.11 0.08 0.08 0.08 unch 0.00 0.12 0.05 0.17 0.16 0.16 - 0.01 0.27 0.14 0.22 0.21 0.21 - 0.01 0.33 0.17 0.04 0.04 0.04 + 0.01 0.16 0.04 0.05 0.04 0.05 unch 0.00 0.20 0.04 0.03 0.03 0.03 unch 0.00 0.08 0.02 0.04 0.04 0.04 unch 0.00 0.15 0.04 1.79 1.72 1.77 + 0.03 2.62 1.38 2.30 2.20 2.30 + 0.05 3.45 1.73 0.17 0.15 0.17 unch 0.00 0.42 0.15 0.13 0.12 0.13 + 0.00 0.33 0.12 0.20 0.19 0.19 unch 0.00 0.71 0.14 0.15 0.00 0.15 - 0.02 0.56 0.12 0.12 0.11 0.12 unch 0.00 0.17 0.08 0.09 0.05 0.07 - 0.01 1.56 0.05 0.10 0.08 0.08 - 0.02 1.76 0.07 0.04 0.00 0.04 + 0.00 0.09 0.03 0.05 0.05 0.05 unch 0.00 0.12 0.04 0.11 0.09 0.10 - 0.01 0.32 0.05 0.09 0.08 0.08 - 0.01 0.21 0.04 0.09 0.08 0.08 - 0.01 0.50 0.08 0.06 0.05 0.06 + 0.01 0.18 0.05 2.05 1.62 1.82 - 0.22 2.35 0.26 1.58 1.26 1.44 - 0.13 1.76 0.21 0.04 0.03 0.04 - 0.00 0.08 0.02 0.05 0.05 0.05 unch 0.00 0.09 0.03 1.29 1.06 1.22 + 0.15 1.86 1.02 1.01 0.82 1.01 + 0.18 1.45 0.78 0.08 0.08 0.08 unch 0.00 0.16 0.05 0.11 0.10 0.10 - 0.01 0.24 0.06 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.00 0.00 0.00 - 0.00 0.01 0.00 0.00 0.00 0.02 unch 0.00 0.03 0.02 0.02 0.02 0.02 unch 0.00 0.19 0.02 0.07 0.07 0.07 unch 0.00 0.09 0.03 0.04 0.03 0.04 + 0.01 0.09 0.03 0.40 0.28 0.40 + 0.06 0.50 0.08 0.08 0.06 0.07 unch 0.00 0.18 0.06 0.07 0.06 0.06 + 0.00 0.10 0.05 0.00 0.00 0.12 unch 0.00 0.15 0.06 0.00 0.00 0.09 unch 0.00 0.17 0.08 0.06 0.06 0.06 unch 0.00 0.06 0.06 0.08 0.07 0.08 + 0.01 0.52 0.07 0.06 0.06 0.06 unch 0.00 0.37 0.05 0.11 0.08 0.11 + 0.04 0.11 0.03 0.15 0.10 0.12 + 0.03 0.15 0.04 0.14 0.14 0.14 unch 0.00 0.20 0.14 0.20 0.14 0.16 + 0.03 0.40 0.13 0.14 0.11 0.13 - 0.00 0.23 0.11 0.17 0.14 0.17 + 0.01 0.28 0.12 0.08 0.07 0.08 + 0.00 0.13 0.06 0.11 0.09 0.10 + 0.01 0.19 0.09 0.79 0.67 0.69 - 0.05 2.25 0.41 0.60 0.52 0.54 - 0.03 1.82 0.31 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.10 0.00 0.09 - 0.01 0.30 0.09 0.32 0.26 0.30 + 0.05 0.38 0.09 0.25 0.21 0.24 + 0.03 0.29 0.07 0.44 0.40 0.40 unch 0.00 0.44 0.16 3.10 2.74 3.04 + 0.03 5.42 2.74 0.29 0.26 0.28 - 0.01 0.39 0.17 0.21 0.21 0.21 unch 0.00 0.28 0.14 0.08 0.07 0.07 - 0.01 0.18 0.05 0.05 0.05 0.05 unch 0.00 0.13 0.02 0.20 0.16 0.17 - 0.02 0.39 0.10 0.16 0.13 0.15 - 0.01 0.31 0.08 0.16 0.15 0.15 - 0.01 0.25 0.14 0.22 0.22 0.22 unch 0.00 0.35 0.20 1.92 1.78 1.87 + 0.10 2.53 1.43 0.38 0.28 0.36 + 0.07 0.51 0.22 0.55 0.37 0.46 + 0.08 0.62 0.29 0.08 0.06 0.07 - 0.00 0.08 0.03 0.10 0.08 0.09 - 0.01 0.10 0.04 0.28 0.23 0.27 + 0.02 0.35 0.20 0.36 0.31 0.34 + 0.02 0.69 0.25 0.07 0.05 0.07 + 0.01 0.12 0.04 0.03 0.03 0.03 - 0.01 0.08 0.03 3.12 2.85 2.98 + 0.15 5.42 2.59 0.08 0.00 0.08 - 0.01 0.50 0.08 0.06 0.06 0.06 unch 0.00 0.35 0.00 0.03 0.01 0.01 - 0.02 0.07 0.01 0.96 0.61 0.96 + 0.26 2.30 0.05 0.37 0.37 0.37 unch 0.00 0.80 0.37 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.12 0.10 0.11 + 0.01 0.17 0.06 0.09 0.08 0.08 + 0.00 0.14 0.04

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Highway 50 Gld V 98 375 Highway 50 Gld* O HiHo Silver 105 HiHo Silver* O 50 Hinterland Mtl V 1145 O 5 Hochschild Mg* 25 Honey Badger E* O Honey Badger E V 1269 T 14 Horizonte Mnls Hornby Bay Mnl* O 3 V 67 Hornby Bay Mnl HudBay Mnls* N 3041 HudBay Mnls T 9135 Hudson Res V 80 Hudson Res* O 31 Hunt Mng* O 16 Hunt Mng V 29 Hut 8 Mining* O 18 255 Hut 8 Mining V Hybrid Mineral V 111 Hycroft Mg* O 1

0.48 0.00 0.39 - 0.02 0.48 0.22 0.37 0.34 0.37 + 0.13 0.37 0.22 0.06 0.05 0.05 - 0.01 0.14 0.03 0.05 0.04 0.04 - 0.02 0.07 0.03 0.02 0.02 0.02 unch 0.00 0.05 0.02 2.11 2.06 2.06 - 0.00 3.55 2.00 0.05 0.05 0.05 unch 0.00 0.16 0.03 0.06 0.05 0.05 - 0.01 0.20 0.04 0.06 0.06 0.06 unch 0.00 0.11 0.05 0.03 0.03 0.03 unch 0.00 0.07 0.00 0.04 0.04 0.04 - 0.01 0.08 0.00 5.38 4.50 5.15 + 0.60 10.25 4.13 6.97 5.86 6.67 + 0.77 12.65 5.44 0.45 0.42 0.44 - 0.01 0.64 0.38 0.35 0.32 0.32 - 0.03 0.52 0.29 0.12 0.10 0.12 - 0.03 0.41 0.10 0.22 0.18 0.22 + 0.04 0.51 0.14 2.43 2.24 2.35 + 0.00 3.74 1.88 3.19 2.90 3.13 + 0.03 5.00 0.05 0.12 0.00 0.12 - 0.11 0.55 0.12 0.02 0.00 0.02 + 0.00 0.45 0.01

I-Minerals* O 5 I-Minerals V 58 IAMGOLD T 7601 26662 IAMGOLD* N Iconic Mnls V 1454 70 Iconic Mnls * O IDM Mining* O 1047 IDM Mining V 1484 IEMR Res V 341 IGC Res V 17 iMetal Res* O 100 iMetal Res V 670 IMPACT Silver V 283 O 4 Impala Platnm* Imperial Metal* O 690 Imperial Metal T 1124 362 Imperial Mg Gr V Inca One Gold* O 15 525 Inca One Gold V Inception Mng * O 0 V 73 Independence G O 18 Independence G* Indico Res V 392 Indigo Expl V 100 Infinite Lith* O 185 Infinite Lith V 372 Inform Res V 5 Inomin Mines V 452 O 30 Inspiration Mg* Inspiration Mg 293 Intact Gold V 79 Integra Res* O 241 Integra Res V 324 V 35 Inter-Rock Mnl Intercontinent V 30 O 0 Intercontinent* Intgr Egy Sol* O 1014 Intl Battery* O 219 Intl Battery 595 Intl Bethl Mng V 16 Intl Cobalt* O 18 Intl Cobalt 610 Intl Corona V 40 Intl Lithium* O 70 Intl Lithium V 382 Intl Montoro* O 500 Intl Montoro V 310 Intl Prospect * O 0 Intl Prospect V 56 Intl Samuel Ex V 242 29733 Intl Star* O Intl Tower Hil* X 566 Intl Tower Hil T 85 Intl Zeolite V 949 Intl Zeolite* O 51 Intrepid Pots* N 3496 INV Metals* O 19 INV Metals T 78 23 Inventus Mg * O Inventus Mg V 78 InZinc Mining V 427 O 150 InZinc Mining* Ireland* O 101 Ironside Res V 92 Ironside Res * O 3 Irving Res 195 Irving Res* O 162 IsoEnergy Ltd V 121 O 8 Itafos* Itafos V 85 0 Itoco Mg Corp* O O 385 Ivanhoe Mines* Ivanhoe Mines T 6705 Jade Leader* O 52 Jade Leader V 133 1 Jaeger Res * O Jaeger Res V 20 Jaguar Mng T 832 Jaguar Mng* O 53 Japan Gold V 208 Japan Gold* O 57 Jasper Mng V 11 Jaxon Mining* O 56 Jaxon Mining V 295 Jayden Res* O 1 Jazz Res V 195 V 516 Jiminex Jiulian Res V 87 Jourdan Res V 203 Jubilee Metals* O 85 V 3974 Juggernaut Exp O 404 Juggernaut Exp* K2 Gold V 47 K92 Mng Inc* O 537 K92 Mng Inc V 1428 Kaizen Discov V 70 O 67 Kaizen Discvry* Kapuskasing Gd* O 175 V 23 Kapuskasing Gd Karmin Expl V 35 Karnalyte Res T 65 Karoo Expl V 164 KAT Expl* O 617 Katanga Mng T 2861 Kenadyr Mining V 676 O 260 Kenadyr Mining* Kermode Res V 259 Kerr Mines* O 94 Kerr Mines T 187 Kesselrun Res* O 2 V 168 Kesselrun Res Kestrel Gold V 71 Khan Res 104 V 530 Kilo Goldmines Kilo Goldmines* O 33 O 84 Kincora Copper* V 190 Kincora Copper Kings Bay Res V 279 V 30 Kingsmen Res Kingsmen Res* O 1 20158 Kinross Gold T 62672 Kinross Gold* N Kintavar Exp V 984 Kirkland Lake* N 31485 Kirkland Lake T 10285 O 225 Klondike Gold* Klondike Gold V 603 Klondike Silv* O 21 Klondike Silv V 1115 Kombat Copper V 157 V 408 Komet Resource O 85 Kootenay Silvr* Kootenay Silvr V 388 Kootenay Zinc 11 Kootenay Zinc* O 24 O 73 Kutcho Copper * KWG Res* O 16 KWG Res 2056

0.17 0.14 0.17 + 0.03 0.29 0.14 0.19 0.18 0.19 unch 0.00 0.36 0.18 5.20 4.77 5.05 + 0.33 8.35 4.69 4.06 3.66 3.90 + 0.27 6.73 3.57 0.12 0.09 0.11 + 0.02 0.43 0.04 0.10 0.07 0.09 + 0.02 0.28 0.03 0.06 0.04 0.06 + 0.00 0.11 0.04 0.07 0.07 0.07 - 0.01 0.14 0.06 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.19 0.15 0.19 + 0.04 0.25 0.05 0.07 0.07 0.07 + 0.01 0.12 0.05 0.09 0.08 0.08 - 0.01 0.18 0.05 0.32 0.28 0.30 + 0.01 0.56 0.26 1.85 1.15 1.85 + 0.70 2.68 1.15 1.49 1.00 1.41 + 0.48 2.91 0.72 1.97 1.16 1.80 + 0.66 3.76 0.93 0.11 0.07 0.11 + 0.03 0.27 0.05 0.04 0.03 0.04 + 0.01 0.09 0.03 0.05 0.04 0.05 unch 0.00 0.11 0.04 0.00 0.00 0.18 unch 0.00 0.35 0.05 0.07 0.07 0.07 unch 0.00 0.21 0.07 0.05 0.05 0.05 - 0.00 0.14 0.05 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.14 0.11 0.14 + 0.03 0.34 0.08 0.18 0.16 0.17 + 0.03 0.45 0.09 0.10 0.10 0.10 unch 0.00 0.39 0.09 0.05 0.03 0.04 - 0.01 0.20 0.03 0.03 0.02 0.03 + 0.00 0.20 0.01 0.03 0.03 0.03 + 0.01 0.27 0.02 0.13 0.13 0.13 unch 0.00 1.18 0.13 0.72 0.68 0.69 - 0.03 1.83 0.05 0.93 0.88 0.88 - 0.05 1.40 0.77 0.31 0.31 0.31 unch 0.00 0.59 0.25 0.40 0.00 0.38 - 0.02 0.65 0.11 0.00 0.00 0.41 unch 0.00 0.47 0.12 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.16 0.13 0.14 + 0.00 1.11 0.11 0.20 0.17 0.17 - 0.02 1.38 0.16 0.04 0.03 0.04 + 0.01 0.17 0.03 0.07 0.05 0.06 - 0.00 0.31 0.05 0.08 0.07 0.08 unch 0.00 0.45 0.07 0.04 0.00 0.04 unch 0.00 0.08 0.03 0.08 0.06 0.06 + 0.00 0.18 0.05 0.10 0.00 0.09 + 0.01 0.23 0.07 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.06 0.00 0.06 + 0.01 0.08 0.03 0.00 0.00 0.11 unch 0.00 0.28 0.09 0.18 0.00 0.18 + 0.01 0.38 0.09 0.09 0.07 0.09 + 0.01 0.25 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.50 0.42 0.42 - 0.07 0.78 0.29 0.65 0.55 0.55 - 0.09 0.99 0.38 0.13 0.11 0.12 - 0.01 0.52 0.11 0.09 0.09 0.09 - 0.03 0.40 0.09 3.69 3.32 3.67 + 0.35 5.31 3.12 0.26 0.26 0.26 unch 0.00 0.75 0.26 0.44 0.35 0.39 + 0.04 0.93 0.35 0.12 0.12 0.12 + 0.00 0.31 0.09 0.16 0.15 0.16 - 0.01 0.39 0.12 0.07 0.06 0.07 unch 0.00 0.24 0.06 0.05 0.05 0.05 - 0.00 0.19 0.05 0.14 0.06 0.06 - 0.08 0.26 0.05 0.10 0.09 0.09 - 0.02 0.21 0.09 0.08 0.08 0.08 + 0.00 0.12 0.07 1.10 0.96 1.10 + 0.09 1.52 0.66 0.86 0.74 0.84 + 0.07 1.22 0.52 0.40 0.37 0.38 unch 0.00 0.73 0.26 1.30 0.00 1.25 - 0.08 2.25 0.97 1.86 1.48 1.61 - 0.05 2.90 1.14 0.00 0.00 0.05 unch 0.00 1.20 0.04 2.07 1.88 1.96 + 0.02 3.95 1.53 2.70 2.45 2.51 + 0.02 5.01 2.00 0.24 0.20 0.24 + 0.01 0.38 0.07 0.30 0.24 0.29 - 0.01 0.50 0.09 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.04 0.03 0.03 - 0.01 0.07 0.02 0.26 0.22 0.23 + 0.02 0.41 0.18 0.19 0.16 0.17 + 0.01 0.33 0.13 0.10 0.08 0.09 - 0.01 0.39 0.08 0.07 0.07 0.07 + 0.00 0.30 0.07 0.08 0.00 0.08 unch 0.00 0.18 0.06 0.10 0.09 0.09 unch 0.00 0.24 0.08 0.13 0.11 0.12 + 0.01 0.30 0.10 0.08 0.08 0.08 unch 0.00 0.30 0.06 0.05 0.04 0.04 - 0.01 0.09 0.04 0.10 0.06 0.07 - 0.01 0.28 0.05 0.14 0.14 0.14 unch 0.00 0.18 0.02 0.06 0.05 0.06 unch 0.00 0.13 0.04 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.34 0.24 0.25 - 0.09 0.59 0.17 0.26 0.19 0.21 - 0.04 1.10 0.19 0.28 0.25 0.25 - 0.03 0.39 0.18 0.64 0.59 0.62 - 0.01 0.79 0.31 0.83 0.76 0.80 - 0.02 1.04 0.41 0.08 0.07 0.08 + 0.01 0.14 0.05 0.06 0.06 0.06 - 0.00 0.10 0.04 0.01 0.01 0.01 - 0.00 0.04 0.01 0.02 0.00 0.02 - 0.01 0.06 0.01 0.82 0.70 0.70 - 0.05 1.50 0.62 0.37 0.31 0.32 - 0.05 0.69 0.31 0.14 0.12 0.12 unch 0.00 1.10 0.12 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.76 0.63 0.68 + 0.03 2.83 0.63 0.11 0.10 0.11 + 0.01 0.29 0.10 0.08 0.07 0.07 - 0.01 0.23 0.07 0.02 0.01 0.01 - 0.01 0.03 0.01 0.14 0.12 0.14 + 0.01 0.34 0.10 0.18 0.16 0.18 + 0.01 0.41 0.14 0.05 0.05 0.05 unch 0.00 0.17 0.04 0.07 0.05 0.07 + 0.01 0.23 0.06 0.02 0.00 0.02 unch 0.00 0.19 0.02 0.07 0.00 0.07 unch 0.00 0.18 0.06 0.02 0.01 0.02 unch 0.00 0.07 0.02 0.02 0.02 0.02 + 0.00 0.06 0.01 0.13 0.12 0.13 + 0.01 0.32 0.10 0.17 0.15 0.17 - 0.01 0.42 0.11 0.04 0.04 0.04 unch 0.00 0.16 0.04 0.26 0.00 0.22 - 0.05 0.38 0.10 0.20 0.20 0.20 - 0.00 0.28 0.07 3.99 3.76 3.84 + 0.04 5.90 3.51 3.09 2.90 2.95 + 0.06 4.78 2.67 0.36 0.29 0.30 - 0.05 0.65 0.10 18.99 17.26 18.58 + 0.14 23.86 11.52 24.62 22.42 24.17 + 0.11 30.94 14.76 0.21 0.18 0.19 - 0.01 0.36 0.16 0.29 0.24 0.24 - 0.06 0.47 0.22 0.04 0.04 0.04 + 0.00 0.08 0.02 0.05 0.05 0.05 unch 0.00 0.10 0.04 0.12 0.10 0.12 unch 0.00 0.49 0.09 0.25 0.22 0.22 - 0.03 0.48 0.16 0.10 0.09 0.09 - 0.01 0.20 0.09 0.14 0.12 0.14 + 0.01 0.25 0.12 0.10 0.00 0.10 - 0.02 0.90 0.07 0.09 0.05 0.07 + 0.01 0.66 0.04 0.27 0.23 0.26 - 0.01 0.84 0.21 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.02 0.01 0.01 unch 0.00 0.02 0.01

La Imperial 150 64 Labdr Iron Mns* O Labrador Gold V 419 O 32 Labrador Gold* Labrador Iron T 875 Lara Expl V 81 Laramide Res T 1485 Laredo Res* O 1582 Largo Res T 5904 Largo Res* O 2611 Lateral Gold V 9 Latin Am Mnls V 1709

0.07 0.07 0.07 unch 0.00 0.08 0.04 0.00 0.00 0.00 + 0.00 0.11 0.00 0.27 0.26 0.26 - 0.02 0.35 0.15 0.21 0.19 0.21 + 0.02 0.20 0.11 28.07 25.89 27.70 + 1.96 28.55 19.70 0.60 0.57 0.57 unch 0.00 0.99 0.50 0.42 0.39 0.42 + 0.02 0.55 0.23 0.02 0.01 0.01 - 0.01 0.05 0.00 3.09 2.82 2.94 + 0.09 3.09 0.81 2.41 2.17 2.30 + 0.13 2.41 0.63 0.68 0.66 0.68 - 0.02 1.00 0.55 0.02 0.02 0.02 unch 0.00 0.15 0.02

I-J-K

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Latin Am Mnls* O 310 60 Laurion Mnl Ex* O Laurion Mnl Ex V 664 12 Le Mare Gold* O LeadFX Inc* O 0 Leading Edge V 227 O 321 Leading Edge* Leagold Mg* O 167 Leagold Mg T 1704 Leeta Gold V 6280 Lepanto Con Mg* O 520 301 Levon Res Ltd T Levon Res Ltd * O 61 V 51 Libero Copper Liberty Gold* O 494 499 Liberty One Li V 868 Liberty One Li* O LiCo Energy* O 1884 LiCo Energy V 4151 Lincoln Mng V 564 118 Lion One Mtls V O 47 Lion One Mtls* Lions Bay Cap V 319 O 2 Lithion Energy* Lithium Amer* N 1528 Lithium Amer T 1631 Lithium Chile V 388 Lithium Chile* O 285 Lithium Corp* O 1427 Lithium Energi* O 5 V 369 Lithium Energi V 20 Lithium Energy Lithium Expl* O 2761 V 83 Lithoquest Dia Lithoquest Dia* O 313 LKA Gold* O 16 O 162 Lode-Star Mg* Logan Res* O 23 Lomiko Mtls* O 53 Lomiko Mtls V 79 Loncor Res* O 6 Loncor Res T 97 Lone Star Gold* O 2753 Lonmin plc* O 7 Lorraine Coppr* O 60 V 351 Lorraine Coppr V 35 Los Andes Copp LSC Lithium* O 232 Lucara Diam T 1753 Lucky Mnls * O 416 Lucky Mnls V 626 Luckystrike V 79 Lumina Gold* O 34 Lumina Gold V 197 Luminex Res V 95 Lund Enterpr V 5 Lundin Gold T 96 Lundin Mng T 13185 Lupaka Gold V 329 Lydian Intl* O 105 Lydian Intl T 768 Lynas Corp* O 76 Lynas Corp* O 45

0.02 0.01 0.01 - 0.00 0.11 0.01 0.07 0.07 0.07 unch 0.00 0.08 0.01 0.11 0.09 0.10 - 0.01 0.11 0.01 0.02 0.01 0.02 + 0.01 1.13 0.00 0.00 0.00 0.74 unch 0.00 1.57 0.48 0.41 0.35 0.36 - 0.07 1.01 0.35 0.33 0.27 0.28 - 0.02 0.80 0.26 1.58 1.38 1.58 + 0.17 2.73 1.37 2.04 1.79 2.00 + 0.17 3.45 1.78 0.72 0.60 0.71 + 0.04 6.75 0.60 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.19 0.17 0.17 unch 0.00 0.40 0.16 0.14 0.13 0.13 - 0.00 0.33 0.12 0.12 0.10 0.10 - 0.02 0.15 0.07 0.32 0.30 0.31 + 0.01 0.42 0.30 0.18 0.15 0.17 + 0.01 2.49 0.14 0.14 0.11 0.13 + 0.00 1.95 0.10 0.18 0.00 0.17 + 0.15 0.90 0.01 0.32 0.02 0.22 - 0.13 2.00 0.20 0.02 0.00 0.02 unch 0.00 0.05 0.01 0.52 0.45 0.47 + 0.01 0.76 0.45 0.37 0.34 0.37 - 0.00 0.62 0.34 0.09 0.07 0.07 - 0.02 0.25 0.07 0.05 0.05 0.05 unch 0.00 0.11 0.03 4.95 3.91 4.93 + 0.76 10.95 3.50 6.40 5.07 6.32 + 0.88 14.06 4.58 0.92 0.75 0.76 - 0.14 1.35 0.52 0.72 0.58 0.59 - 0.11 0.97 0.54 0.22 0.13 0.22 + 0.04 0.62 0.07 0.22 0.22 0.22 unch 0.00 0.75 0.13 0.32 0.28 0.30 + 0.02 0.97 0.15 0.25 0.00 0.21 - 0.04 1.50 0.21 0.01 0.01 0.01 - 0.00 0.13 0.01 0.27 0.25 0.27 + 0.01 0.88 0.14 0.27 0.23 0.27 unch 0.00 0.51 0.23 0.18 0.07 0.18 + 0.11 0.30 0.05 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.00 0.00 0.00 - 0.00 0.04 0.00 0.05 0.04 0.05 + 0.01 0.24 0.03 0.07 0.06 0.07 + 0.01 0.31 0.04 0.06 0.06 0.06 - 0.01 0.09 0.04 0.12 0.09 0.11 + 0.02 0.12 0.06 0.01 0.00 0.00 - 0.00 0.03 0.00 0.65 0.00 0.62 + 0.07 1.40 0.45 0.08 0.07 0.08 + 0.01 0.12 0.01 0.12 0.09 0.11 - 0.01 0.19 0.07 0.27 0.27 0.27 - 0.02 0.45 0.20 0.32 0.00 0.32 + 0.06 1.31 0.24 2.39 2.25 2.26 + 0.01 2.91 1.97 0.11 0.09 0.10 - 0.00 0.18 0.06 0.14 0.12 0.13 unch 0.00 0.23 0.09 0.43 0.31 0.31 - 0.12 0.55 0.21 0.60 0.59 0.59 unch 0.00 0.67 0.46 0.70 0.64 0.64 - 0.04 0.85 0.60 0.60 0.51 0.55 - 0.25 0.90 0.51 0.14 0.14 0.14 unch 0.00 0.25 0.11 5.07 4.80 4.92 + 0.10 5.57 4.07 7.28 6.41 7.13 + 0.75 10.22 6.00 0.19 0.14 0.15 unch 0.00 0.29 0.11 0.17 0.13 0.15 - 0.01 0.50 0.12 0.21 0.17 0.21 unch 0.00 0.63 0.15 1.55 1.33 1.52 + 0.11 2.20 0.13 1.55 1.29 1.55 + 0.16 2.20 0.55

M M.P.V. Explor 150 0.17 0.11 0.15 - 0.02 0.30 0.12 unch 0.00 0.61 0.21 M2 Cobalt* O 25 0.21 0.21 0.21 Macarthur Mnl* O 37 0.03 0.00 0.03 + 0.00 0.10 0.01 V 594 0.04 0.03 0.03 unch 0.00 0.12 0.02 Macarthur Mnl MacDonald Mns* O 70 0.04 0.03 0.03 - 0.01 0.11 0.03 V 471 0.05 0.04 0.04 - 0.01 0.14 0.03 MacDonald Mns V 87 2.17 1.90 2.14 + 0.14 2.35 1.33 MacMillan Mnls Madeira Mrnls V 20 0.03 0.03 0.03 unch 0.00 0.05 0.02 T 846 10.71 9.75 10.42 + 0.65 15.97 9.24 MAG Silver Magellan Gold* O 1950 0.02 0.02 0.02 + 0.00 0.07 0.01 0.03 Magna Terra V 428 0.06 0.04 0.05 + 0.02 0.07 unch 0.00 0.04 0.02 Magna Terra* O 11 0.02 0.02 0.02 Magnitude Mng V 30 0.16 0.16 0.16 unch 0.00 0.30 0.14 0.04 Majestic Gold V 1363 0.11 0.00 0.10 - 0.01 0.11 Majestic Gold* O 15 0.08 0.07 0.08 + 0.01 0.08 0.03 unch 0.00 0.15 0.06 Makena Res* O 1 0.00 0.00 0.07 0.07 Makena Res 296 0.08 0.07 0.07 - 0.01 0.24 Mammoth Res V 711 0.05 0.03 0.03 - 0.01 0.16 0.03 0.04 Manado Gold V 45 0.05 0.04 0.04 - 0.01 0.24 Mandalay Res T 666 0.16 0.14 0.15 unch 0.00 0.35 0.14 O 315 0.12 0.10 0.11 - 0.01 0.33 0.10 Mandalay Res* O 47 0.11 0.10 0.11 + 0.00 0.21 0.09 Manganese X* Manganese X V 190 0.14 0.12 0.12 - 0.03 0.28 0.11 V 242 0.03 0.00 0.03 + 0.01 0.04 0.02 Mangazeya Mng Manitou Gold V 584 0.06 0.00 0.06 unch 0.00 0.19 0.04 113 0.04 0.03 0.04 + 0.01 0.15 0.03 Manitou Gold * O 0.10 Maple Gold V 1192 0.12 0.11 0.12 + 0.02 0.34 Maple Gold* O 674 0.09 0.08 0.09 + 0.01 0.27 0.07 O 315 0.68 0.65 0.67 + 0.02 1.03 0.63 Marathon Gold* Marathon Gold T 687 0.88 0.84 0.84 - 0.02 1.28 0.83 O 40 0.03 0.03 0.03 unch 0.00 0.12 0.03 Margaret Lake* V 271 0.04 0.04 0.04 + 0.01 0.16 0.03 Margaret Lake Margaux Res V 231 0.09 0.00 0.08 - 0.01 0.35 0.08 O 1 0.07 0.07 0.07 unch 0.00 0.25 0.01 Margaux Res* Marifil Mines* O 171 0.11 0.08 0.08 unch 0.00 0.17 0.01 0.10 Marifil Mines V 79 0.14 0.11 0.11 - 0.02 0.32 0.07 Maritime Res V 260 0.10 0.08 0.09 + 0.01 0.14 Marlin Gold V 97 0.13 0.12 0.12 unch 0.00 1.05 0.11 MartinMarietta* N 3022 199.75 191.33 192.18 - 1.82 241.33 188.34 Mas Gold V 30 0.06 0.06 0.06 unch 0.00 0.15 0.06 O 134 0.92 0.78 0.81 - 0.07 2.47 0.71 Mason Graphite* V 487 1.21 1.02 1.06 - 0.10 3.15 0.91 Mason Graphite Mason Res* O 37 0.13 0.00 0.11 - 0.00 0.22 0.01 0.14 Mason Res T 141 0.17 0.15 0.15 - 0.01 0.29 Matachewan Con V 20 0.16 0.16 0.16 unch 0.00 0.33 0.15 0.06 Matica Ent* O 94 0.14 0.13 0.14 - 0.01 0.64 0.08 Matica Ent 7598 0.20 0.17 0.17 - 0.03 0.81 Matmown* O 59 0.08 0.03 0.05 unch 0.00 0.08 0.01 O 1 0.00 0.00 0.00 unch 0.00 0.00 0.00 Maudore Mnrls* Maverix Mtls* O 26 1.65 1.46 1.51 - 0.04 1.72 1.03 unch 0.00 0.65 0.23 Mawson Res T 419 0.39 0.28 0.33 0.17 Mawson Res* O 60 0.27 0.22 0.26 + 0.00 0.48 MaxTech Vent 1542 0.28 0.10 0.19 + 0.09 0.60 0.10 O 1100 0.21 0.07 0.15 + 0.07 0.48 0.07 MaxTech Vent* Maxwell Res* O 6 0.00 0.00 0.00 unch 0.00 0.01 0.00 O 32 1.70 1.66 1.66 - 0.03 2.35 0.88 Maya Gold &Sil* 19 2.24 2.11 2.24 + 0.06 3.02 1.10 Maya Gold &Sil T Mazarin V 22 0.10 0.06 0.10 + 0.05 0.18 0.04 0.00 MBMI Res* O 15 0.04 0.00 0.04 + 0.00 0.09 MBMI Res V 16 0.07 0.00 0.05 - 0.01 0.13 0.03 unch 0.00 0.87 0.43 McChip Res V 3 0.72 0.72 0.72 2.33 McEwen Mng T 432 2.62 2.45 2.46 - 0.11 3.28 McEwen Mng* N 15376 2.00 1.87 1.87 - 0.09 2.55 1.82 0.03 McLaren Res 796 0.04 0.03 0.04 - 0.01 0.19 MDN Inc* O 14 0.17 0.15 0.15 - 0.01 0.28 0.11 0.03 Meadow Bay Gd 546 0.04 0.03 0.04 - 0.01 0.26 23 0.04 0.03 0.04 + 0.01 0.28 0.03 Meadow Bay Gd* O Mechel* N 688 3.42 2.48 3.01 + 0.46 5.60 2.30 unch 0.00 0.21 0.08 Medallion Res V 157 0.12 0.10 0.12 Medallion Res* O 201 0.09 0.08 0.08 - 0.00 0.17 0.06 0.15 Medgold Res V 130 0.38 0.33 0.34 - 0.01 0.51 O 9 0.30 0.25 0.27 + 0.02 0.38 0.12 Medgold Res* Medinah Mnrls* O 7612 0.00 0.00 0.00 - 0.00 0.01 0.00 0.16 Mega Copper V 4 0.16 0.00 0.16 - 0.01 0.18 Mega Uranium* O 204 0.10 0.08 0.10 + 0.01 0.19 0.08 T 1282 0.13 0.12 0.13 + 0.01 0.24 0.11 Mega Uranium 0.05 Megastar Dev V 110 0.07 0.06 0.06 - 0.02 0.11 MegumaGold* O 8 0.13 0.11 0.11 - 0.03 0.24 0.07 0.15 MegumaGold 122 0.20 0.15 0.20 + 0.02 0.30 Melior Res V 21 0.80 0.65 0.78 + 0.08 1.50 0.30 unch 0.00 0.62 0.03 Melior Res* O 0 0.62 0.62 0.62 unch 0.00 0.11 0.04 Melkior Res V 510 0.06 0.05 0.06 Merger Mines* O 0 0.00 0.00 25.00 unch 0.00 Meridian Mg V 108 0.15 0.10 0.10 - 0.05 1.28 0.05 Meridius Res V 6 0.18 0.18 0.18 unch 0.00 0.20 0.18 O 10 0.01 0.01 0.01 unch 0.00 0.07 0.01 Meryllion Res* unch 0.00 0.21 0.02 Meryllion Res 66 0.02 0.00 0.02 MetalCorp V 442 0.02 0.01 0.02 + 0.01 0.05 0.01 0.02 Metalex Vent V 71 0.03 0.00 0.03 - 0.01 0.10 Metalla Rylty* O 255 0.60 0.56 0.58 + 0.02 0.71 0.39 0.62 Metalla Rylty V 297 0.77 0.71 0.75 + 0.02 0.88 0.22 Metallic Mnrls V 218 0.25 0.22 0.25 + 0.01 0.50 Metallic Mnrls* O 79 0.20 0.17 0.19 + 0.01 0.40 0.17 O 75 0.02 0.02 0.02 unch 0.00 0.06 0.02 Metallica Min* Metallis Res V 539 1.40 1.11 1.26 + 0.19 2.75 0.66 unch 0.00 0.11 0.04 Metals Creek V 213 0.05 0.05 0.05 unch 0.00 0.08 0.03 Metals Creek* O 1 0.03 0.03 0.03 Metals X* O 35 0.40 0.38 0.40 + 0.02 0.96 0.38 0.34 Metanor Res* O 60 0.50 0.43 0.48 + 0.05 0.65 Metanor Res V 1746 0.65 0.55 0.60 + 0.02 0.82 0.46 O 56 0.18 0.16 0.17 - 0.01 0.34 0.12 Mexican Gold* 0.01 Mexus Gold* O 6929 0.01 0.01 0.01 - 0.00 0.07 Mezzotin Mnrls V 30 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.68 MGX Minerals 1693 0.76 0.66 0.72 - 0.04 1.96 MGX Minerals* O 945 0.60 0.51 0.56 - 0.02 1.58 0.52 0.55 Midas Gold T 1132 0.86 0.75 0.84 + 0.06 1.21 0.42 Midas Gold* O 1937 0.69 0.58 0.65 + 0.06 0.95 Midasco Cap V 200 0.10 0.10 0.10 unch 0.00 0.15 0.07 0.66 Midland Expl V 181 0.75 0.66 0.75 + 0.05 1.17 Midnight Sun V 212 0.19 0.17 0.18 - 0.01 0.48 0.15 unch 0.00 3.87 1.07 Millennial Lit* O 117 1.41 1.28 1.38

WWW.NORTHERNMINER.COM

OCTOBER 1–14, 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

Millennial Lit V 259 Millrock Res* O 313 Millrock Res V 388 Milner Con Slv V 50 Minaurum Gold V 251 Minco Silver* O 6 Minco Silver T 68 Minecorp Egy * O 10 Minera Alamos * O 286 Minera Alamos V 598 Minera IRL 49 Mineral Hill V 35 Mineral Mtn* O 42 Mineral Mtn V 320 Mineral Res* O 3 MineralRite* O 16294 Mineworx Tech V 775 O 139 Mineworx Tech* Minfocus Expl V 89 Mining Global* O 6896 Minnova Corp V 86 Minsud Res V 29 Minsud Res* O 1 Miramont Res 258 O 30 Miramont Res* Miranda Gold V 605 Mirasol Res V 180 Mistango River 110 MK2 Ventures V 13 13 MK2 Ventures * O Mkango Res V 18 ML Gold* O 10 ML Gold Corp V 453 Monarca Mnrls* O 4 V 41 Monarca Mnrls Monarques Res V 639 Monarques Res* O 84 O 425 Moneta Porcpn* Moneta Porcpn T 436 Monitor Vent V 16 Monitor Vent* O 12 Monster Uran* O 0 Montan Mg V 192 Montego Res 409 Montero Mg&Ex V 548 Monument Mng V 425 Morien Res* O 14 Morien Res V 40 O 9 Morumbi Res* Morumbi Res T 96 Mosaic* N 25233 2 Mount Gibson * O Mountain Boy* O 3 Mountain Boy V 48 D 268 Mountain Prov* Mountain Prov T 1236 O 75 Mundoro Cap* Mundoro Cap V 175 Murchison Min V 288 MX Gold* O 116

1.80 1.65 1.77 - 0.03 4.80 1.37 0.14 0.12 0.13 - 0.01 0.31 0.12 0.18 0.16 0.16 - 0.02 0.40 0.16 0.11 0.06 0.06 - 0.05 0.11 0.03 0.56 0.50 0.52 - 0.03 0.67 0.21 0.43 0.38 0.38 - 0.04 0.77 0.34 0.57 0.00 0.49 - 0.06 0.98 0.42 0.04 0.04 0.04 unch 0.00 0.11 0.04 0.09 0.09 0.09 + 0.01 0.18 0.07 0.12 0.11 0.12 + 0.01 0.22 0.10 0.07 0.06 0.07 unch 0.00 0.14 0.06 0.18 0.18 0.18 unch 0.00 0.32 0.13 0.12 0.11 0.12 + 0.00 0.60 0.10 0.17 0.13 0.13 - 0.02 0.74 0.13 11.95 10.95 11.95 + 1.00 16.78 7.67 0.00 0.00 0.00 + 0.00 0.00 0.00 0.19 0.16 0.17 - 0.01 0.40 0.06 0.15 0.12 0.14 - 0.00 0.33 0.05 0.05 0.04 0.05 + 0.01 0.42 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.70 0.67 0.67 - 0.03 0.93 0.55 0.06 0.06 0.06 - 0.01 0.21 0.06 0.05 0.05 0.05 unch 0.00 0.05 0.05 0.16 0.14 0.15 unch 0.00 0.65 0.13 0.12 0.12 0.12 unch 0.00 0.33 0.12 0.02 0.02 0.02 unch 0.00 0.07 0.02 1.61 1.17 1.50 + 0.25 2.60 1.17 0.04 0.03 0.04 unch 0.00 0.07 0.01 0.19 0.00 0.17 - 0.05 0.38 0.09 0.13 0.00 0.13 + 0.01 0.13 0.08 0.16 0.00 0.15 unch 0.00 0.24 0.05 0.05 0.05 0.05 - 0.01 0.26 0.06 0.07 0.06 0.06 - 0.01 0.32 0.06 0.02 0.02 0.02 unch 0.00 0.12 0.02 0.04 0.04 0.04 - 0.01 0.16 0.04 0.18 0.15 0.18 + 0.03 0.42 0.15 0.14 0.11 0.14 + 0.03 0.35 0.11 0.09 0.07 0.07 - 0.00 0.17 0.07 0.12 0.10 0.10 + 0.01 0.23 0.09 0.20 0.18 0.18 - 0.05 0.46 0.18 0.15 0.00 0.14 - 0.00 0.37 0.12 0.00 0.00 0.04 unch 0.00 0.06 0.02 0.06 0.04 0.05 unch 0.00 0.11 0.03 0.24 0.22 0.23 - 0.02 0.55 0.07 0.19 0.16 0.19 + 0.01 0.49 0.12 0.08 0.07 0.07 unch 0.00 0.09 0.06 0.43 0.42 0.42 - 0.02 0.60 0.37 0.60 0.55 0.55 unch 0.00 0.77 0.47 0.52 0.48 0.50 - 0.03 0.96 0.39 0.71 0.60 0.70 + 0.02 1.23 0.50 32.77 31.36 32.33 + 1.54 32.71 20.72 0.32 0.32 0.32 unch 0.00 0.33 0.28 0.04 0.04 0.04 unch 0.00 0.08 0.03 0.07 0.06 0.06 - 0.01 0.11 0.05 2.15 1.95 2.10 + 0.10 3.35 1.75 2.77 2.55 2.67 + 0.09 4.14 2.36 0.13 0.13 0.13 unch 0.00 0.14 0.06 0.19 0.17 0.18 unch 0.00 0.21 0.09 0.09 0.00 0.09 unch 0.00 0.25 0.09 0.01 0.01 0.01 - 0.00 0.17 0.01

NA Frac Sand* O 241 NACCO Ind* N 94 Namibia Crit V 200 Namibia Crit* O 214 Napier Vent V 59 Natural Res Pt* N 129 Nautilus Mnrls T 850 O 801 Nautilus Mnrls* 3 Navis Res Corp Navy Res V 50 Nemaska Lith T 17047 O 1309 Nemaska Lith* Neo Lithium V 893 Neometals* O 13 O 34 Network Expl* Network Expl V 126 O 5 Nevada Canyon* Nevada Clean M* O 266 V 938 Nevada Clean M T 881 Nevada Copper Nevada Energy* O 2 V 31 Nevada Energy 56 Nevada Expl * O Nevada Expl V 194 O 127 Nevada Sunrise* Nevada Sunrise V 154 Nevada Zinc V 89 Nevado Res V 675 Nevsun Res* X 6179 11238 Nevsun Res T New Age Metals* O 420 New Age Metals V 852 O 42 New Carolin Gd* New Carolin Gd V 414 New Destiny Mg V 130 New Dimen Res V 554 New Dimen Res* O 10 New Energy Met V 161 New Energy Met* O 7 New Gold* X 29303 New Gold T 13730 New Guinea Gld* O 355 New Jersey Mng* O 125 New Milln Iron* O 1 New Milln Iron T 573 New Nadina V 196 New Nadina* O 13 New Oroperu V 38 New Pac Metals V 66 New Pac Metals* O 24 New Tech Lith* O 134 New Tech Lith 402 New World Res V 42 Newlox Gold 465 Newmac Res V 9 Newmont Mng* N 31547 Newport Expl V 88 Newport Gold* O 47 NewRange Gold* O 324 NewRange Gold V 689 Nexa Resources T 7 Nexa Resources* N 605 Nexco Res 86 Nexgen Energy* X 1402 Nexgen Energy T 4172 NextSource Mat T 1166 Nexus Gold V 1244 Nexus Gold* O 67 NGEx Res* O 36 NGEx Res T 337 Nickel Creek T 761 Nickel Creek* O 1289 Nickel North V 54 Nickel One Res V 1422 Nicola Mg Inc V 1682 Nicola Mg Inc* O 32 Nighthawk Gold* O 237 Nighthawk Gold T 1078 Niobay Metals V 17 Niocan Inc V 152 Niocorp Dev T 322 Niocorp Dev* O 432 Nippon Dragon V 6 Nippon Dragon* O 0 Nitinat Mnls V 75 NKWE Platinum* O 172 Noble Metal Gr V 99 Noble Mnl Expl* O 50 Noble Mnl Expl V 935 Noka Res* O 516 Noram Vent V 115 Noranda Alum* O 5 Noront Res V 1206 Norsemont Cap 10 Nortec Mnls* O 4 Nortec Mnls V 397 North Am Nickl V 483 North Am Nickl* O 105 North Am Pall T 19 North Am Pall* O 21 North Arrow Mn* O 39 North Arrow Mn V 136 North Bay Res * O 15434 Northcliff Res T 108 Northern Uran V 1083 Northisle C&G V 50 Northn Empire V 2194

0.01 0.01 0.01 + 0.00 0.02 0.01 33.20 32.05 32.95 + 0.40 48.85 18.72 0.24 0.19 0.22 + 0.02 0.46 0.04 0.19 0.15 0.17 + 0.02 2.77 0.03 0.35 0.31 0.35 + 0.05 0.54 0.26 31.27 28.99 30.15 - 0.15 37.70 23.75 0.09 0.08 0.08 - 0.01 0.39 0.08 0.07 0.06 0.07 - 0.00 0.31 0.06 0.37 0.37 0.37 unch 0.00 0.95 0.23 0.18 0.18 0.18 unch 0.00 0.32 0.17 0.82 0.66 0.78 + 0.10 2.44 0.60 0.64 0.51 0.62 + 0.09 1.96 0.46 1.15 0.94 1.13 + 0.12 2.75 0.91 0.18 0.18 0.18 unch 0.00 0.80 0.10 0.29 0.00 0.24 + 0.01 0.39 0.21 0.34 0.30 0.31 + 0.01 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 0.04 - 0.01 0.06 0.03 0.55 0.46 0.51 + 0.02 0.84 0.44 0.13 0.00 0.13 - 0.00 0.52 0.07 0.20 0.16 0.17 + 0.01 0.60 0.15 0.21 0.17 0.20 + 0.01 0.35 0.09 0.26 0.23 0.26 + 0.02 0.46 0.12 0.06 0.04 0.05 - 0.00 0.19 0.05 0.07 0.06 0.07 unch 0.00 0.25 0.06 0.15 0.14 0.15 + 0.02 0.25 0.13 0.02 0.02 0.02 unch 0.00 0.05 0.01 4.50 4.43 4.46 + 0.01 4.49 1.98 5.83 5.76 5.76 - 0.04 5.85 2.50 0.05 0.04 0.04 - 0.01 0.15 0.04 0.06 0.05 0.06 - 0.01 0.19 0.05 0.24 0.21 0.21 - 0.02 0.58 0.18 0.31 0.25 0.25 - 0.02 0.77 0.20 0.25 0.18 0.25 + 0.04 0.35 0.10 0.12 0.09 0.10 - 0.03 0.30 0.09 0.09 0.06 0.07 - 0.04 0.22 0.02 0.09 0.08 0.08 + 0.01 0.90 0.05 0.07 0.07 0.07 + 0.01 0.60 0.05 1.13 0.94 0.96 - 0.03 4.03 0.76 1.47 1.20 1.29 - 0.03 5.03 1.00 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.17 0.15 0.17 - 0.00 0.25 0.11 0.05 0.04 0.04 - 0.00 0.10 0.05 0.06 0.05 0.06 - 0.01 0.14 0.05 0.11 0.10 0.11 - 0.01 4.60 0.08 0.10 0.07 0.09 - 0.01 3.60 0.07 0.36 0.00 0.36 unch 0.00 0.55 0.27 1.57 1.50 1.57 + 0.01 1.70 1.21 1.22 1.18 1.20 unch 0.00 1.29 0.97 0.03 0.03 0.03 - 0.00 0.13 0.02 0.05 0.00 0.04 unch 0.00 0.17 0.04 0.18 0.18 0.18 unch 0.00 0.29 0.10 0.05 0.00 0.04 - 0.01 0.08 0.03 0.09 0.00 0.09 + 0.01 0.09 0.06 31.94 30.30 31.56 + 1.18 42.04 29.16 0.35 0.32 0.32 - 0.03 0.38 0.22 0.04 0.03 0.04 + 0.01 0.08 0.02 0.08 0.06 0.06 - 0.03 0.47 0.05 0.11 0.07 0.07 - 0.03 0.62 0.08 16.80 14.15 16.80 + 2.72 26.70 13.90 12.96 10.75 12.93 + 2.03 21.61 10.52 0.21 0.15 0.15 - 0.06 0.50 0.15 2.19 1.97 2.11 + 0.14 2.85 1.65 2.85 2.57 2.70 + 0.14 3.58 2.12 0.08 0.07 0.08 + 0.01 0.22 0.05 0.20 0.15 0.15 - 0.04 1.10 0.15 0.16 0.12 0.13 - 0.02 0.29 0.02 0.77 0.77 0.77 + 0.01 1.10 0.75 1.02 0.97 1.00 unch 0.00 1.49 0.91 0.18 0.12 0.16 + 0.03 0.35 0.12 0.13 0.09 0.11 + 0.00 0.30 0.09 0.03 0.02 0.03 + 0.01 0.07 0.02 0.03 0.02 0.03 unch 0.00 0.13 0.02 0.17 0.11 0.14 + 0.04 0.21 0.10 0.11 0.09 0.11 + 0.01 0.16 0.07 0.32 0.23 0.29 + 0.06 0.79 0.22 0.41 0.31 0.39 + 0.08 0.97 0.30 0.22 0.20 0.22 + 0.02 0.43 0.13 0.33 0.23 0.24 - 0.05 0.33 0.06 0.57 0.53 0.55 unch 0.00 0.78 0.37 0.45 0.41 0.43 + 0.01 0.62 0.29 0.02 0.00 0.02 - 0.01 0.07 0.02 0.00 0.00 0.02 unch 0.00 0.05 0.01 0.09 0.09 0.09 unch 0.00 0.51 0.04 0.06 0.06 0.06 unch 0.00 2.04 0.02 0.01 0.00 0.01 - 0.01 0.04 0.01 0.07 0.07 0.07 unch 0.00 0.14 0.04 0.09 0.08 0.08 unch 0.00 0.18 0.06 0.35 0.27 0.35 + 0.06 0.71 0.07 0.16 0.14 0.14 - 0.03 0.80 0.12 0.02 0.00 0.02 unch 0.00 0.17 0.01 0.33 0.30 0.30 - 0.02 0.45 0.27 0.39 0.39 0.39 unch 0.00 0.47 0.32 0.03 0.03 0.03 unch 0.00 0.14 0.03 0.08 0.05 0.05 unch 0.00 0.18 0.04 0.06 0.05 0.06 unch 0.00 0.10 0.05 0.05 0.04 0.04 unch 0.00 0.08 0.04 9.45 8.62 9.30 + 0.45 11.98 5.60 7.33 6.62 7.25 + 0.45 9.38 4.52 0.11 0.11 0.11 unch 0.00 0.22 0.11 0.16 0.15 0.16 + 0.02 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 0.00 0.11 + 0.01 0.21 0.09 1.38 1.32 1.33 + 0.03 1.62 0.72

N-O

(100s) Stock

Week

(100s) Stock

12-month

Exc Volume High Low Last Change High Low

Northn Empire* O 117 Norvista Cap V 0 NorZinc T 414 NorZinc* O 38 Nouveau Monde V 604 O 10 Nouveau Monde* T 1417 NovaGold Res NovaGold Res* X 6791 Novo Res* O 213 Novo Res V 3379 2 NQ Minerals Pl* O NRG Metals* O 1618 NRG Metals V 1359 V 131 Nrthn Graphite Nrthn Graphite* O 132 Nrthn Lion V 4 O 119 Nrthn Mnrls &E* Nrthn Shield V 907 O 105 Nrthn Superior* Nrthn Superior V 684 Nrthn Vertex* O 48 Nrthn Vertex V 357 NSGold V 3 926 NSS Res Inc Nthn Dynasty T 1123 X 3156 Nthn Dynasty* O 14 Nthrn Sphere* Nthrn Sphere 505 Nubian Res V 100 NuLegacy Gold V 648 O 560 NuLegacy Gold* V 0 Nunavik Nickel Nutrien T 8067 N 11933 Nutrien* NV Gold* O 19 NV Gold V 172 NX Uranium* O 3 NxGold Ltd* O 1333 NxGold Ltd V 1862 O.T. Mining* O 28 OceanaGold* O 8 12793 OceanaGold T Oceanic Iron O V 221 O 780 Oceanus Res* Oceanus Res V 207 Odyssey Res V 74 OK2 Minerals V 1353 Olivut Res V 132 Olivut Res* O 32 Omineca Mg &Ml V 130 265 One World Lith Opawica Expl V 144 Opus One Res V 131 Orbite Tech* O 17 Orca Gold V 249 Orca Gold* O 105 V 221 Orefinders Res Orestone Mng V 106 Orex Mnrls* O 23 Orex Mnrls V 134 Orezone Gold V 235 O 95 Orezone Gold* Orford Mining V 28 Organic Potash 37 OrganiMax V 464 1 Oriental Non F Origin Gold V 77 Original Sixtn* O 13 169 Orla Mng Ltd V Orla Mng Ltd* O 49 Oroco Res V 161 Oroco Res* O 20 Orocobre T 149 V 192 Oronova Energy Oroplata Res* O 845 Orosur Mng T 1331 Orsu Metals V 1 Orsu Metals* O 0 Orvana Mnrls T 201 Orvana Mnrls* O 15 Osino Res V 82 Osisko Gold* N 5466 Osisko Gold T 3929 O 10 Osisko Metals* Osisko Metals V 614 T 6259 Osisko Mng Inc Osprey Gold V 319 Otis Gold V 266 Otis Gold* O 121 OZ Minerals* O 1

1.04 1.01 1.03 - 0.00 1.29 0.61 0.00 0.00 0.12 unch 0.00 0.16 0.08 0.12 0.11 0.11 - 0.01 0.21 0.11 0.09 0.08 0.09 - 0.01 0.17 0.08 0.30 0.28 0.29 - 0.01 0.54 0.25 0.23 0.23 0.23 - 0.00 0.42 0.18 5.01 4.58 4.95 + 0.30 6.47 4.33 3.88 3.51 3.77 + 0.23 5.05 3.35 3.15 2.80 3.14 + 0.39 7.08 1.98 4.10 3.65 4.08 + 0.43 8.83 2.45 0.23 0.00 0.23 unch 0.00 0.23 0.17 0.18 0.15 0.17 + 0.01 0.49 0.10 0.23 0.20 0.22 + 0.02 0.62 0.12 0.30 0.26 0.27 + 0.01 0.70 0.24 0.22 0.19 0.21 + 0.01 0.55 0.19 0.22 0.22 0.22 unch 0.00 0.67 0.19 0.06 0.00 0.06 - 0.00 0.10 0.02 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.03 0.02 0.02 - 0.01 0.04 0.02 0.03 0.03 0.03 unch 0.00 0.05 0.03 0.25 0.23 0.25 + 0.02 0.58 0.22 0.32 0.28 0.31 + 0.01 0.70 0.27 0.13 0.13 0.13 unch 0.00 0.15 0.02 0.45 0.25 0.43 + 0.14 1.39 0.06 0.77 0.65 0.70 + 0.02 2.99 0.55 0.59 0.52 0.54 + 0.01 2.34 0.43 0.06 0.05 0.06 + 0.01 0.15 0.03 0.08 0.06 0.07 + 0.01 0.45 0.05 0.14 0.14 0.14 unch 0.00 0.34 0.12 0.20 0.17 0.18 - 0.02 0.25 0.13 0.15 0.13 0.14 + 0.00 0.20 0.11 0.00 0.00 0.11 unch 0.00 0.15 0.08 76.17 73.42 73.76 + 0.76 76.17 55.27 58.81 56.80 57.28 + 1.31 58.81 40.41 0.11 0.00 0.11 - 0.00 0.92 0.10 0.19 0.13 0.17 + 0.03 1.22 0.13 0.01 0.01 0.01 + 0.00 0.03 0.01 0.12 0.00 0.11 + 0.01 0.25 0.10 0.15 0.12 0.13 - 0.01 0.40 0.11 0.09 0.04 0.09 - 0.00 0.20 0.04 3.06 2.61 3.00 + 0.30 3.12 2.23 4.02 3.54 3.80 + 0.20 4.19 2.92 0.05 0.05 0.05 - 0.01 0.16 0.05 0.13 0.11 0.11 unch 0.00 0.26 0.11 0.16 0.14 0.16 + 0.01 0.36 0.13 0.04 0.04 0.04 - 0.01 0.07 0.03 0.03 0.02 0.02 - 0.01 0.12 0.02 0.11 0.09 0.10 + 0.01 0.20 0.07 0.09 0.06 0.07 - 0.01 0.15 0.06 0.04 0.00 0.03 - 0.01 0.05 0.03 0.15 0.13 0.15 + 0.01 0.20 0.10 0.06 0.00 0.06 - 0.01 0.25 0.05 0.05 0.04 0.04 - 0.02 0.12 0.04 0.03 0.03 0.03 unch 0.00 0.06 0.00 0.55 0.51 0.51 - 0.02 0.78 0.43 0.42 0.40 0.41 - 0.01 0.63 0.32 0.08 0.07 0.07 - 0.01 0.17 0.06 0.09 0.00 0.08 unch 0.00 0.13 0.06 0.08 0.06 0.07 + 0.01 0.15 0.05 0.10 0.00 0.10 + 0.02 0.18 0.08 0.67 0.61 0.62 unch 0.00 1.02 0.57 0.52 0.47 0.47 - 0.00 0.82 0.42 0.18 0.18 0.18 unch 0.00 0.70 0.16 0.04 0.03 0.04 unch 0.00 0.08 0.01 0.10 0.08 0.09 + 0.01 0.35 0.07 1.05 1.05 1.05 unch 0.00 1.05 1.00 0.11 0.08 0.11 + 0.01 0.19 0.08 0.17 0.00 0.17 unch 0.00 0.20 0.05 1.25 1.11 1.24 + 0.09 1.85 1.08 0.94 0.89 0.91 + 0.00 1.48 0.83 0.25 0.19 0.23 + 0.03 0.31 0.02 0.18 0.14 0.18 + 0.04 0.24 0.03 3.94 3.39 3.93 + 0.38 7.36 3.28 0.09 0.07 0.08 + 0.02 0.22 0.06 0.18 0.15 0.16 - 0.01 0.42 0.06 0.17 0.13 0.13 + 0.01 0.30 0.02 0.18 0.00 0.18 unch 0.00 0.29 0.13 0.00 0.00 0.21 unch 0.00 0.22 0.11 0.16 0.14 0.15 - 0.01 0.28 0.13 0.13 0.11 0.13 + 0.01 0.23 0.10 0.26 0.21 0.23 - 0.04 0.64 0.21 7.70 7.29 7.59 + 0.17 13.35 7.29 9.91 9.49 9.78 + 0.11 16.65 9.49 0.47 0.00 0.47 + 0.00 0.80 0.39 0.67 0.59 0.62 + 0.01 1.37 0.51 2.69 2.31 2.36 - 0.02 4.65 1.60 0.05 0.04 0.05 unch 0.00 0.19 0.04 0.17 0.15 0.15 - 0.01 0.33 0.13 0.13 0.11 0.12 + 0.00 0.27 0.10 6.76 0.00 6.66 + 0.69 8.02 5.92

Pac Bay Mnrls* O 2 70 Pac Bay Mnrls V Pac Booker Min* O 5 V 27 Pac Booker Min Pac Imperial V 198 317 Pac Ridge Expl V 60 Pac Ridge Expl* O Pac Wildcat* O 13 V 54 Pacific Empire Pacific Rim 772 Pacific Rim* O 311 Pacific Silk V 32 Pacton Gold V 3050 O 580 Paladin Energy* Palamina Corp V 27 O 109 Palamina Corp* O 0 Palladon Vent* Pan Am Silver T 1286 Pan Am Silver* D 8113 Pan Andean Min* O 0 70 Pan Andean Min V 508 Pan Global Res V Pancontinental V 530 O 26 Pancontinental* Panex Res* O 10 Pangolin Dia V 238 Panoro Mnrls V 584 PanTerra Gold* O 0 V 529 Pantheon Vent Para Resources V 49 Parallel Mng V 5056 56 Parallel Mng * O Paramount Gold* X 80 Paringa Res* O 8 Parlane Res V 143 Pasinex Res 159 Patriot Gold* O 120 Peabody Enrgy* N 6875 O 45 Pelangio Expl* Pelangio Expl V 19 Peloton Mnrls 323 O 36 Peloton Mnrls* Peregrine Diam T 1401 Perseus Mng T 207 Pershing Gold* D 357 7 Pershing Gold T O 14 Pershing Res* Peruvian Metal* O 7 V 117 Peruvian Metal Petra Diamonds* O 3 Philex Mng* O 9 Philippine Mtl V 2 Pine Cliff En* O 36 Pine Cliff En T 719 Pinecrest Res * O 0 Pinecrest Res V 2 23 Pistol Bay Mng* O Pistol Bay Mng V 262 Pivit Explor 340 PJSC Polyus Gd* O 2 PJX Res V 481 Plata Latina V 250 Plate Res V 19 V 361 Plateau Energy Plateau Energy* O 198 Platinex Inc 516 Platinum Gp Mt* X 14892 Platinum Gp Mt T 3396 Plato Gold V 359 Playfair Mng V 277 Playfair Mng* O 392 PolyMet Mng* X 1162 PolyMet Mng T 45 Portage Res* O 425 Portofino Res V 793 O 210 Potash Ridge* Potash Ridge T 1931

0.01 0.01 0.01 unch 0.00 0.04 0.01 0.03 0.00 0.03 + 0.01 0.06 0.02 0.73 0.73 0.73 unch 0.00 1.10 0.59 0.95 0.91 0.92 - 0.01 1.35 0.70 0.03 0.03 0.03 unch 0.00 0.07 0.01 0.05 0.04 0.05 + 0.01 0.07 0.04 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.08 0.05 0.05 - 0.03 0.39 0.00 0.10 0.09 0.09 - 0.02 0.20 0.09 0.24 0.15 0.18 - 0.02 1.59 0.19 0.19 0.11 0.14 - 0.00 1.25 0.14 0.03 0.00 0.03 + 0.01 0.06 0.03 0.47 0.35 0.46 + 0.08 1.02 0.06 0.17 0.13 0.15 - 0.02 0.50 0.00 0.39 0.38 0.39 + 0.03 0.47 0.16 0.30 0.30 0.30 + 0.03 0.37 0.12 0.00 0.00 0.00 unch 0.00 0.01 0.00 19.86 18.63 19.29 + 0.43 24.22 18.00 15.43 14.31 14.90 + 0.42 18.75 13.97 0.00 0.00 0.04 unch 0.00 0.08 0.02 0.07 0.06 0.07 + 0.01 0.13 0.03 0.20 0.18 0.20 unch 0.00 0.30 0.12 0.07 0.00 0.06 unch 0.00 0.09 0.02 0.05 0.04 0.04 - 0.01 0.07 0.01 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.04 0.05 + 0.01 0.08 0.04 0.23 0.20 0.23 + 0.02 0.48 0.13 0.00 0.00 0.01 unch 0.00 0.02 0.01 0.08 0.07 0.07 - 0.01 0.16 0.07 0.19 0.18 0.18 - 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 1.08 1.01 1.08 + 0.07 1.71 1.01 0.15 0.14 0.15 + 0.02 0.45 0.12 0.12 0.09 0.10 unch 0.00 0.30 0.05 0.11 0.10 0.10 - 0.01 0.32 0.08 0.09 0.07 0.08 - 0.02 0.11 0.04 44.14 41.26 42.01 - 1.75 47.84 28.08 0.13 0.12 0.13 unch 0.00 0.14 0.02 0.18 0.15 0.17 - 0.01 0.60 0.12 0.11 0.03 0.10 - 0.02 0.15 0.03 0.09 0.06 0.08 - 0.01 0.12 0.05 0.24 0.24 0.24 unch 0.00 0.24 0.12 0.34 0.31 0.34 + 0.02 0.50 0.25 1.21 0.96 1.08 + 0.13 3.23 0.80 1.53 1.30 1.41 + 0.10 4.02 1.06 0.02 0.02 0.02 unch 0.00 0.09 0.01 0.07 0.00 0.04 - 0.02 0.08 0.03 0.05 0.00 0.05 unch 0.00 0.10 0.05 0.44 0.44 0.44 unch 0.00 1.10 0.41 0.07 0.07 0.07 unch 0.00 0.19 0.05 0.07 0.00 0.07 unch 0.00 0.15 0.06 0.26 0.23 0.25 - 0.03 0.52 0.21 0.35 0.30 0.33 - 0.03 0.68 0.27 0.00 0.00 0.16 unch 0.00 0.25 0.14 0.22 0.00 0.22 unch 0.00 0.38 0.19 0.05 0.00 0.05 unch 0.00 0.08 0.03 0.07 0.06 0.07 + 0.01 0.18 0.04 0.15 0.11 0.11 - 0.01 0.19 0.08 41.00 0.00 41.00 unch 0.00 50.23 29.00 0.20 0.17 0.20 + 0.02 0.25 0.11 0.03 0.03 0.03 unch 0.00 0.05 0.03 0.07 0.07 0.07 unch 0.00 0.10 0.04 1.16 1.05 1.08 - 0.07 1.69 0.26 0.89 0.84 0.85 - 0.04 1.27 0.21 0.10 0.07 0.09 + 0.02 0.30 0.05 0.20 0.14 0.18 + 0.02 0.58 0.08 0.25 0.19 0.23 + 0.03 0.72 0.12 0.04 0.03 0.03 + 0.01 0.06 0.02 0.03 0.02 0.03 + 0.01 0.09 0.02 0.03 0.01 0.01 - 0.02 0.06 0.01 0.94 0.85 0.91 + 0.01 1.36 0.58 1.20 1.11 1.18 unch 0.00 1.66 0.72 0.00 0.00 0.00 + 0.00 0.00 0.00 0.05 0.04 0.05 - 0.01 0.19 0.04 0.05 0.04 0.04 - 0.01 0.13 0.04 0.07 0.06 0.06 unch 0.00 0.17 0.05

P-Q

Week

12-month

Exc Volume High Low Last Change High Low

Power Metals* O 390 Power Metals V 3234 PowerOre V 44 PPX Mining* O 81 PPX Mining V 1181 O 50 Precipitate Gl* Precipitate Gl V 59 Premier Gold M T 4116 O 19 Premium Expl* Pretium Res* N 13214 Pretium Res T 3926 Primary Energy 143 Prism Res V 14 Prize Mng* O 42 Prize Mng V 1513 ProAm Expl V 25 O 1017 Probe Metals* Probe Metals V 841 Prog Planet V 483 Prog Planet* O 0 0 Promithian Gl * O O 307 Prophecy Coal* Prophecy Coal T 1845 O 5 Prospect Glob* Prospector Res* O 17 V 222 Prospector Res Prosper Gold V 173 Prospero Silvr V 470 O 99 Prospero Silvr* Provenance Gld 60 Providence V 121 O 85 Providence Gld* PUF Vent Inc 2351 356 PUF Vent Inc * O Puma Expl V 883 Puma Expl* O 12 Pure Energy* O 2773 Pure Energy V 1640 O 186 Pure Gold Mg* Pure Gold Mg V 451 Pure Nickel* O 154 Pure Nickel V 255 Purepoint Uran V 547 Q-Gold Res* O 0 Q-Gold Res V 39 QC Precious V 160 QMC Quantum Ml* O 362 QMC Quantum Ml V 352 QMX Gold V 1764 QMX Gold* O 52 Quadro Res V 50 Quantum Cobalt 241 Quartz Mtn Res V 0 0 Quartz Mtn Res* O Quaterra Res V 77 Quaterra Res* O 111 O 153 Quest Rare Mnl* Quinto Res V 317

0.24 0.17 0.22 + 0.03 0.70 0.16 0.31 0.22 0.27 + 0.04 0.88 0.22 0.15 0.00 0.15 + 0.06 0.45 0.07 0.08 0.07 0.08 + 0.01 0.08 0.04 0.10 0.09 0.09 - 0.01 0.11 0.06 0.04 0.04 0.04 unch 0.00 0.10 0.03 0.05 0.05 0.05 unch 0.00 0.14 0.05 2.09 1.84 1.85 - 0.03 3.96 1.75 0.01 0.00 0.00 - 0.01 0.02 0.00 8.34 7.68 8.11 + 0.34 12.44 6.17 10.79 9.99 10.53 + 0.37 15.52 7.93 0.06 0.05 0.05 - 0.02 0.15 0.03 0.04 0.04 0.04 + 0.01 0.20 0.03 0.13 0.13 0.13 - 0.01 0.38 0.11 0.18 0.15 0.17 - 0.01 0.48 0.14 0.04 0.03 0.04 + 0.01 0.04 0.02 0.99 0.92 0.97 + 0.01 1.37 0.77 1.29 1.20 1.22 - 0.03 1.70 1.03 0.06 0.05 0.06 + 0.01 0.20 0.05 0.00 0.00 0.04 unch 0.00 0.15 0.04 0.00 0.00 0.02 unch 0.00 0.10 0.02 0.12 0.09 0.10 - 0.01 4.00 0.09 0.16 0.12 0.12 - 0.03 0.50 0.12 0.02 0.02 0.02 - 0.00 0.14 0.02 0.48 0.44 0.44 - 0.04 0.83 0.38 0.63 0.57 0.57 - 0.04 1.15 0.48 0.09 0.07 0.07 - 0.02 0.15 0.07 0.08 0.08 0.08 - 0.01 0.24 0.07 0.07 0.06 0.06 - 0.01 0.18 0.05 0.20 0.16 0.20 + 0.01 0.40 0.08 0.18 0.15 0.15 + 0.02 0.25 0.09 0.14 0.12 0.13 + 0.02 0.15 0.08 0.87 0.67 0.82 + 0.12 2.09 0.38 0.67 0.51 0.62 + 0.12 1.85 0.30 0.06 0.05 0.06 unch 0.00 0.13 0.05 0.06 0.06 0.06 unch 0.00 0.09 0.04 0.16 0.08 0.14 + 0.06 0.50 0.07 0.20 0.10 0.19 + 0.09 0.57 0.09 0.47 0.42 0.44 - 0.02 0.56 0.36 0.61 0.54 0.54 - 0.06 0.71 0.46 0.02 0.01 0.01 - 0.00 0.04 0.01 0.02 0.01 0.02 unch 0.00 0.05 0.02 0.07 0.06 0.07 unch 0.00 0.10 0.06 0.00 0.00 0.07 unch 0.00 0.08 0.06 0.20 0.20 0.20 unch 0.00 0.30 0.10 0.31 0.29 0.29 - 0.02 0.60 0.26 0.29 0.26 0.28 - 0.01 1.46 0.12 0.37 0.34 0.36 - 0.01 1.85 0.15 0.08 0.07 0.08 + 0.01 0.33 0.07 0.07 0.05 0.06 + 0.00 0.25 0.05 0.05 0.05 0.05 unch 0.00 0.15 0.04 0.17 0.13 0.14 - 0.02 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 - 0.00 0.08 0.03 0.00 0.00 0.00 - 0.00 0.02 0.00 0.08 0.06 0.07 - 0.01 0.14 0.05

Rackla Mtls* O 0 Rackla Mtls V 2 Radisson Mng V 246 Radius Gold V 764 Rae-Wallace Mg* O 3 O 22 Rainforest Res* Rainy Mtn Royl* O 3000 Rainy Mtn Royl V 839 52 Rambler Ml &Mg V Randgold Res* O 1 Randgold Res* D 4042 O 80 Randsburg Int* Randsburg Intl V 45 O 328 Rare Element* Rathdowney Res V 668 Ravencrest Res 2021 32 Razore Rock Res RB Energy* O 5 Red Eagle Mng T 1281 Red Eagle Mng* O 65 V 44 Red Moon Res Red Pine Expl V 933 Redstar Gold V 350 Redstar Gold* O 61 Redzone Res V 174 O 43 Redzone Res* Regency Gold V 0 Regulus Res V 284 V 3 Remington Res Renaissance Gd* O 20 V 333 Renaissance Gd Renforth Res 641 Resolve Vent V 78 V 1767 Resource Cap Resource Cap* O 50 Reunion Gold V 1036 Revelo Res V 580 Revival Gold * O 30 Revival Gold V 119 Richmond Mnls V 44 V 78 Ridgestone M’g Rift Valley 84 Rimrock Gold* O 565965 Rio Silver V 25 Rio Tinto* N 16731 O 5 Rio Tinto* Rio Tinto* O 5 Rise Gold Corp 1481 18 River Wild Exp Riverside Res* O 113 Riverside Res V 246 Rizal Res V 32 RJK Explor V 175 Robex Res V 480 Rochester Res V 123 O 0 Rochester Res* 1 Rock Tech Lith* O Rock Tech Lith V 77 Rockcliff Met V 84 Rockcliff Met* O 2 Rockex Mng 1026 V 60 Rockhaven Res Rockridge Res V 58 O 590 Rockshield Cap* Rockshield Cap 1403 V 1 Rockwealth Res Rodinia Lithm V 7 Rogue Res* O 16 Rogue Res V 17 Rokmaster Res* O 6 V 149 Rokmaster Res 425 Romios Gold Rs V Romios Gold Rs* O 370 RosCan Mrnls V 57 Rosita Mg Corp V 65 Rotation Mnls V 505 V 32 Roughrider Exp Rover Metals V 360 Roxgold T 4465 Roxgold* O 220 Royal Gold* D 4142 O 155 Royal Mines &M* Royal Nickel T 117966 Royal Nickel* O 9510 Royal Rd Mnrls V 160 201 Royal Std Mnrl* O RT Minerals V 43 RT Minerals* O 0 RTG Mining T 20 Rubicon Mnrls* O 107 T 94 Rubicon Mnrls Rugby Mng V 254 Running Fox Rs* O 190 23 Running Fox Rs V Rupert Res V 819 Rusoro Mng* O 229 Rusoro Mng V 2694

0.09 0.00 0.09 - 0.01 0.13 0.07 0.12 0.00 0.12 - 0.01 0.17 0.09 0.10 0.09 0.09 - 0.01 0.25 0.09 0.15 0.12 0.14 + 0.01 0.16 0.09 0.01 0.01 0.01 unch 0.00 0.02 0.00 9.20 0.00 6.65 - 1.35 9.45 3.50 0.01 0.01 0.01 + 0.00 0.08 0.01 0.02 0.02 0.02 - 0.01 0.10 0.02 0.06 0.00 0.06 unch 0.00 0.18 0.03 62.16 62.16 62.16 unch 0.00 101.90 62.16 64.77 61.18 63.91 + 2.94 104.05 59.90 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.14 0.10 0.13 unch 0.00 0.44 0.08 0.11 0.11 0.11 unch 0.00 0.21 0.10 0.80 0.72 0.79 + 0.04 2.10 0.38 0.06 0.06 0.06 unch 0.00 0.63 0.06 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.10 0.08 0.09 + 0.01 0.36 0.06 0.07 0.06 0.07 unch 0.00 0.29 0.05 0.12 0.07 0.07 - 0.04 0.16 0.04 0.06 0.05 0.05 - 0.01 0.14 0.05 0.04 0.03 0.04 + 0.01 0.11 0.03 0.03 0.00 0.03 + 0.00 0.09 0.02 0.17 0.16 0.16 - 0.01 0.75 0.10 0.16 0.12 0.12 - 0.03 0.57 0.08 0.00 0.00 0.22 unch 0.00 0.28 0.12 2.00 1.80 1.93 + 0.07 3.00 1.52 0.22 0.22 0.22 unch 0.00 1.00 0.20 0.15 0.14 0.15 + 0.01 0.34 0.13 0.20 0.19 0.19 unch 0.00 0.43 0.17 0.04 0.03 0.03 - 0.01 0.06 0.03 0.08 0.07 0.08 - 0.01 1.04 0.07 0.03 0.02 0.03 unch 0.00 0.16 0.02 0.02 0.02 0.02 + 0.01 0.12 0.01 0.16 0.14 0.15 + 0.01 0.18 0.11 0.02 0.01 0.02 + 0.01 0.06 0.01 0.63 0.61 0.62 + 0.01 0.73 0.42 0.82 0.78 0.80 + 0.01 0.99 0.54 0.04 0.04 0.04 + 0.01 0.16 0.04 0.27 0.27 0.27 unch 0.00 0.32 0.19 0.08 0.07 0.07 unch 0.00 0.15 0.05 0.00 0.00 0.00 - 0.00 0.00 0.00 0.05 0.05 0.05 unch 0.00 0.07 0.04 51.92 47.48 51.58 + 4.13 60.72 45.62 48.16 0.00 48.16 + 1.51 60.00 45.06 55.75 50.48 55.75 + 3.25 65.30 50.15 0.07 0.06 0.06 - 0.01 0.21 0.06 0.45 0.00 0.30 + 0.27 0.45 0.02 0.17 0.13 0.15 - 0.01 0.42 0.13 0.21 0.18 0.20 + 0.01 0.36 0.18 0.02 0.02 0.02 unch 0.00 0.06 0.01 0.16 0.12 0.15 + 0.01 0.23 0.05 0.12 0.11 0.11 - 0.01 0.12 0.08 0.03 0.03 0.03 + 0.01 0.09 0.03 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.79 0.73 0.79 + 0.07 1.66 0.72 1.02 0.90 0.96 - 0.03 2.16 0.84 0.13 0.11 0.11 - 0.02 0.36 0.08 0.07 0.07 0.07 unch 0.00 0.10 0.07 0.09 0.03 0.03 - 0.06 0.09 0.01 0.14 0.13 0.14 + 0.01 0.18 0.12 0.25 0.23 0.23 unch 0.00 0.50 0.21 0.16 0.12 0.12 - 0.01 0.67 0.11 0.20 0.16 0.17 unch 0.00 0.84 0.15 0.00 0.00 0.13 unch 0.00 0.30 0.12 0.09 0.09 0.09 - 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 - 0.01 0.53 0.17 0.06 0.06 0.06 unch 0.00 0.09 0.02 0.10 0.09 0.10 + 0.01 0.28 0.07 0.06 0.05 0.06 + 0.01 0.09 0.05 0.05 0.04 0.05 - 0.00 0.07 0.03 0.08 0.08 0.08 - 0.01 0.10 0.05 0.04 0.04 0.04 unch 0.00 0.12 0.02 0.08 0.07 0.07 unch 0.00 0.40 0.07 0.12 0.12 0.12 unch 0.00 0.58 0.12 0.06 0.05 0.06 - 0.01 0.11 0.04 0.91 0.82 0.84 - 0.06 1.44 0.82 0.70 0.64 0.66 - 0.04 1.13 0.65 79.52 74.07 76.89 + 2.66 98.53 71.91 0.01 0.01 0.01 - 0.00 0.01 0.00 0.57 0.36 0.56 + 0.28 0.48 0.07 0.44 0.27 0.44 + 0.22 0.37 0.05 0.10 0.08 0.08 unch 0.00 0.18 0.08 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.09 0.00 0.08 - 0.01 0.90 0.07 0.00 0.00 0.08 unch 0.00 0.13 0.00 0.11 0.11 0.11 - 0.02 0.55 0.09 1.03 0.98 1.00 - 0.02 1.47 0.81 1.35 1.26 1.35 + 0.03 1.88 1.05 0.22 0.20 0.21 - 0.01 0.50 0.20 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.01 1.08 0.82 0.91 + 0.05 1.46 0.68 0.07 0.05 0.07 + 0.02 0.10 0.05 0.09 0.07 0.09 + 0.02 0.13 0.06

Sabina Gd&Slvr T 1981 O 418 Sabina Gd&Slvr* Sable Res* O 46 Sable Res V 122 Sailfish Rylty V 103 Saint Jean* O 438 Saint Jean V 1003 Salazar Res* O 2 Salazar Res V 197 Sama Res V 634 Sama Res* O 209 Samco Gold V 50 Samex Mng* O 52 O 172 San Gold Corp* San Marco Res* O 76 194 San Marco Res V

1.32 1.18 1.20 - 0.09 2.62 1.11 1.02 0.92 0.95 - 0.05 2.00 0.85 0.20 0.18 0.20 + 0.02 0.23 0.12 0.26 0.23 0.25 + 0.02 0.35 0.13 1.50 0.75 1.35 + 0.35 3.07 0.75 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.03 0.03 0.03 unch 0.00 0.24 0.03 0.10 0.08 0.10 unch 0.00 0.12 0.08 0.12 0.00 0.12 + 0.01 0.18 0.10 0.27 0.24 0.27 - 0.01 0.50 0.15 0.21 0.18 0.21 - 0.01 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 - 0.00 0.01 0.00 0.13 0.11 0.13 + 0.01 0.23 0.09 0.16 0.14 0.15 unch 0.00 0.30 0.12

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

V 382 Sanatana Diam Sandfire Res V 37 Sandfire Res* O 46 O 223 Sandspring Res* V 289 Sandspring Res T 3233 Sandstorm Gold X 8499 Sandstorm Gold* 300 Sandy Lake Gld* O 108 Sandy Lake Gld V O 187 Santa Fe Gold* V 159 Santacruz Silv Sarama Res V 477 10229 Sarissa Res* O Satori Res V 33 Saturn Mnrls V 1312 Savary Gold V 140 Savary Gold* O 301 Saville Res V 1951 366 Scandium Intl T O 131 Scandium Intl* Scorpio Gold V 110 ScoZinc Mg V 57 ScoZinc Mg* O 0 Seabridge Gld T 432 Seabridge Gld* N 1702 Seafield Res* O 84 Search Mnls V 237 Searchlight V 290 Searchlight* O 297 Searchlight* O 79 Secova Mtls V 107 Secova Mtls* O 30 Sego Res V 933 Select Sands V 1094 T 8683 Semafo Senator Mnrls V 106 V 24 Sennen Potash Serabi Gold T 20 Serabi Gold* O 107 Serengeti Res V 89 Shamrock Ent 277 O 2 Shear Diamonds* Sherritt Intl T 4127 43512 N Sibanye-Stillw* O 0 Sibanye-Stillw* Sienna Res* O 2 Sienna Res V 672 Sierra Metals* X 62 Sierra Metals T 10 V 130 Sigma Lithium O 102 Signature Res* Signature Res V 265 95 Silver Bear Rs T 0 Silver Bear Rs* O Silver Bull Re* O 358 319 Silver Bull Re T O 330 Silver Dragon* Silver Grail V 66 Silver Hill* O 0 500 Silver Mtn Mns V O 0 Silver Predatr* Silver Predatr V 2 Silver Range* O 3 Silver Range V 28 Silver Scott* O 5 O 80 Silver Spruce* Silver Spruce V 243 T 2087 Silvercorp Met X 1151 Silvercorp Met* X 300 SilverCrest Mt* SilverCrest Mt V 1345 O 3 Silverore Mns* O 71 Silverstar Res* Sirios Res* O 48 Sirios Res V 180 Sitka Gold 61 Skeena Res V 1419 Skeena Res* O 209 V 640 Skyharbour Res O 361 Skyharbour Res* Slam Explor* O 6 Slam Explor V 131 O 20 Sojourn Explor* V 734 Sojourn Explor O 126 Sokoman Iron* Sokoman Iron V 9511 SolGold plc* O 193 SolGold plc T 582 T 51 Solitario Ex&R X 467 Solitario Ex&R* Solstice Gold V 583 239 Sonora Gld & S V Sonoro Mtls V 242 South32* O 28 Southern Arc V 32 Southern Arc* O 1 N 4667 Southern Copp* O 178 Southern Silvr* Southern Silvr V 169 T 4 SouthGobi Res 222 Spanish Mtn Gd V O 115 Spanish Mtn Gd* Sparton Res V 445 Sparton Res* O 3 O 106 Spearmint Res* V 5972 Spearmint Res Spey Resources 64 Sphinx Res V 75 O 63 Sprott Res Hl* T 366 Sprott Res Hld V 5148 Spruce Ridge R SRG Graphite V 280 SSR Mining* D 4334 SSR Mining T 1034 St Augustine T 777 45 St Elias Mns* O O 65 St-Georges Eco* St-Georges Eco 2743 O 100 Stakeholdr Gld* V 201 Stakeholdr Gld O 2119 Standard Graph* Standard Lith V 844 O 58 Standard Metal* Stans Energy V 238 O 68 Stans Energy* O 86 Star Diamond* Star Diamond T 1115 Star Gold* O 1 Starcore Intl T 28 33 Starr Peak Exp V O 0 Steele Oceanic* Stellar Africa* O 2 Stellar Africa V 148 Stelmine Can V 16 Steppe Gold T 52 Sterling Grp* O 30 T 694 Stornoway Diam O 34 Stornoway Diam* Stratabd Mnr V 339 Strateco Res* O 180 O 192 Strategic Metl* Strategic Metl V 186 Strategic Res V 35 O 0 Strategic Res* Stria Lithium V 77 V 377 Strikepoint Gd O 148 Strikepoint Gd* V 534 Strongbow Expl Stroud Res V 830 Sulliden Mng T 95 Sun Metals V 328 Suncor Energy T 16363 N 14317 Suncor Energy* V 604 Sunvest Mnrls O 16 Sunvest Mnrls* O 19 Superior Gold* Superior Gold V 219 Superior Mng V 117 Supreme Metals 581 Surge Copper V 149 Surge Explor* O 61 Surge Explor V 178 Sutter Gold* O 63 Sutter Gold V 5 Syrah Res* O 38

0.03 unch 0.00 0.07 0.03 0.03 0.03 0.06 0.11 0.00 0.11 + 0.02 0.12 0.05 0.08 0.08 0.08 - 0.00 0.10 0.14 0.19 0.17 0.19 + 0.00 0.32 0.19 0.25 0.23 0.23 + 0.01 0.40 4.62 4.99 4.74 4.74 - 0.06 6.95 3.52 3.86 3.66 3.75 + 0.07 5.64 0.05 0.05 0.05 unch 0.00 0.10 0.03 0.10 0.08 0.10 + 0.02 0.13 0.04 0.05 0.09 0.07 0.07 - 0.01 0.20 0.08 0.10 0.09 0.09 - 0.01 0.18 0.07 0.07 0.07 0.07 - 0.01 0.15 0.00 0.00 0.00 0.00 - 0.00 0.01 0.05 0.06 0.06 0.06 + 0.01 0.15 0.09 0.27 0.25 0.27 + 0.02 0.27 0.04 unch 0.00 0.08 0.04 0.04 0.04 0.03 0.03 0.03 0.03 + 0.01 0.06 0.05 0.07 0.05 0.05 - 0.01 0.16 0.20 0.18 0.19 + 0.01 0.35 0.13 0.11 0.15 0.14 0.14 - 0.01 0.28 0.02 unch 0.00 0.06 0.02 0.02 0.02 0.57 0.80 0.65 0.73 + 0.05 1.75 0.62 unch 0.00 1.33 0.62 0.62 0.62 12.61 15.09 13.86 14.71 + 0.79 17.65 11.68 10.65 11.30 + 0.65 13.70 9.80 0.00 unch 0.00 0.03 0.00 0.00 0.00 0.03 0.06 0.05 0.05 - 0.01 0.09 0.03 0.05 0.04 0.04 + 0.01 0.23 0.01 0.02 0.01 0.02 + 0.00 0.06 0.01 0.03 0.03 0.03 - 0.00 0.18 0.06 0.07 0.07 0.07 + 0.01 0.50 0.01 0.06 0.06 0.06 + 0.00 0.10 0.04 0.05 0.04 0.04 - 0.01 0.09 0.20 0.24 0.21 0.23 - 0.02 0.69 2.73 3.30 2.97 3.09 - 0.05 4.14 0.04 unch 0.00 1.99 0.07 0.00 0.07 0.30 unch 0.00 0.79 0.45 0.00 0.45 0.75 unch 0.00 1.60 0.77 0.75 0.75 0.03 unch 0.00 0.82 0.65 0.00 0.65 0.12 0.15 0.14 0.14 - 0.01 0.24 0.03 0.06 0.04 0.05 - 0.01 0.08 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.77 0.89 0.81 0.82 + 0.02 1.87 2.02 2.66 2.35 2.52 + 0.08 5.44 0.63 unch 0.00 1.34 0.00 0.00 0.69 0.04 0.06 0.00 0.05 + 0.00 0.32 0.06 0.07 0.06 0.06 - 0.01 0.39 2.13 2.59 2.52 2.57 - 0.01 3.00 2.68 3.40 0.00 3.35 - 0.05 3.85 0.95 2.38 2.15 2.25 - 0.05 2.40 0.04 0.08 0.07 0.07 - 0.01 0.11 0.05 unch 0.00 0.14 0.10 0.08 0.09 0.18 0.00 0.18 + 0.02 0.32 0.12 0.00 0.00 0.13 unch 0.00 0.26 0.09 0.08 0.10 0.10 0.10 - 0.00 0.23 0.13 0.12 0.13 unch 0.00 0.29 0.10 0.00 unch 0.00 0.02 0.01 0.01 0.01 0.06 0.06 0.06 0.06 - 0.01 0.13 0.10 unch 0.00 0.25 0.18 0.00 0.18 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.05 unch 0.00 0.18 0.00 0.00 0.06 0.07 unch 0.00 0.20 0.12 0.00 0.12 0.09 0.11 0.11 0.11 + 0.02 0.15 0.12 unch 0.00 0.19 0.15 0.13 0.13 0.01 unch 0.00 0.24 0.03 0.03 0.03 0.01 0.02 0.01 0.01 - 0.00 0.06 0.03 unch 0.00 0.08 0.03 0.00 0.03 2.72 3.53 3.28 3.29 - 0.11 4.02 2.12 2.73 2.54 2.58 - 0.04 3.12 0.84 2.71 2.30 2.56 + 0.15 2.76 1.05 3.49 2.99 3.23 + 0.03 3.58 0.03 unch 0.00 0.03 0.03 0.03 0.03 0.05 0.13 0.00 0.07 - 0.04 3.36 0.12 unch 0.00 0.32 0.13 0.13 0.13 0.15 unch 0.00 0.41 0.19 0.17 0.18 0.11 0.18 0.10 0.10 - 0.08 0.30 0.29 0.60 0.47 0.47 - 0.06 0.80 0.23 0.46 0.37 0.37 - 0.06 0.66 0.31 0.52 0.47 0.52 + 0.05 0.55 0.24 0.41 0.36 0.41 + 0.04 0.42 0.01 0.03 0.02 0.02 - 0.01 0.05 0.03 0.04 0.03 0.03 - 0.01 0.07 0.08 unch 0.00 0.21 0.10 0.10 0.10 0.11 unch 0.00 0.29 0.13 0.07 0.11 0.02 0.15 0.12 0.14 - 0.00 0.45 0.03 0.22 0.17 0.17 - 0.03 0.58 0.27 0.44 0.36 0.44 + 0.08 0.55 0.32 0.56 0.45 0.55 + 0.09 0.80 0.44 0.50 0.46 0.49 - 0.04 0.91 0.33 0.39 0.33 0.35 - 0.02 0.81 0.15 0.22 0.20 0.20 + 0.01 0.38 0.07 0.07 0.07 - 0.01 0.20 0.07 0.07 0.09 0.07 0.07 - 0.02 0.20 2.35 2.82 0.00 2.72 - 0.03 3.10 0.31 0.37 0.31 0.32 - 0.03 0.90 0.29 0.28 0.00 0.28 - 0.01 0.65 38.34 44.59 41.01 44.26 + 2.90 58.09 0.12 0.15 0.12 0.15 - 0.01 0.31 0.15 0.20 0.16 0.19 + 0.01 0.38 0.10 0.13 0.00 0.12 - 0.01 0.27 0.07 0.07 0.07 unch 0.00 0.14 0.06 0.04 0.06 0.05 0.06 - 0.00 0.12 0.03 0.06 0.05 0.05 - 0.01 0.14 0.02 0.04 0.04 0.04 + 0.00 0.11 0.02 0.03 0.02 0.02 + 0.00 0.11 0.02 0.04 0.03 0.03 - 0.01 0.14 0.10 unch 0.00 0.16 0.10 0.10 0.10 0.04 0.06 0.00 0.06 + 0.01 0.08 1.04 1.24 1.12 1.12 - 0.08 1.53 1.40 1.64 1.45 1.50 - 0.06 3.40 0.01 0.05 0.03 0.04 - 0.01 0.06 0.64 0.80 0.72 0.78 + 0.04 2.25 9.28 8.62 8.98 + 0.27 11.44 7.64 11.97 11.24 11.68 + 0.30 14.62 9.66 0.02 unch 0.00 0.04 0.02 0.02 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.05 0.05 0.05 + 0.01 2.20 0.02 unch 0.00 2.90 0.06 0.05 0.06 0.05 0.08 0.07 0.07 + 0.00 0.45 0.06 0.15 0.00 0.14 + 0.03 0.64 0.18 0.96 0.82 0.96 + 0.08 1.13 0.80 1.66 1.46 1.60 + 0.10 2.85 0.02 0.17 0.10 0.13 - 0.04 0.23 0.03 unch 0.00 0.05 0.03 0.03 0.03 0.01 0.03 0.02 0.03 + 0.01 0.04 0.12 0.17 0.00 0.16 - 0.01 0.18 0.15 0.01 0.25 0.22 0.21 0.22 + 0.05 unch 0.00 0.11 0.05 0.05 0.05 0.10 0.13 0.12 0.13 + 0.01 0.34 0.09 0.09 0.09 unch 0.00 0.19 0.09 0.96 unch 0.00 1.98 0.00 0.00 0.96 0.03 unch 0.00 0.05 0.03 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.00 0.03 0.14 unch 0.00 0.45 0.15 0.14 0.15 0.86 1.40 1.24 1.27 - 0.08 2.01 0.03 0.04 0.03 0.03 - 0.01 0.10 0.33 0.39 0.36 0.36 - 0.02 0.80 0.25 0.29 0.29 0.29 - 0.01 0.64 0.01 0.01 0.08 0.06 0.04 0.06 - 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.26 0.33 0.29 0.29 - 0.03 0.43 0.35 0.41 0.37 0.38 - 0.04 0.52 0.10 0.16 0.16 0.16 - 0.01 0.27 0.12 unch 0.00 0.20 0.20 0.20 0.20 0.03 0.04 0.03 0.03 - 0.01 0.08 0.15 0.22 0.20 0.20 - 0.02 0.29 0.11 0.17 0.15 0.16 - 0.01 0.23 0.12 0.12 0.12 0.12 - 0.01 0.28 0.01 unch 0.00 0.03 0.01 0.01 0.01 0.17 0.18 0.17 0.18 - 0.01 0.65 0.12 0.01 0.40 0.16 - 0.17 0.14 40.49 51.43 49.65 50.48 + 0.66 55.47 31.33 39.68 38.11 39.05 + 0.80 42.55 0.05 0.06 0.05 0.05 - 0.01 0.14 0.04 0.04 0.00 0.04 + 0.00 0.18 0.69 0.80 0.76 0.80 + 0.03 1.28 0.85 1.10 0.98 1.10 + 0.11 1.62 0.04 unch 0.00 0.09 0.07 0.00 0.07 0.02 0.03 0.03 0.03 + 0.01 0.08 0.09 0.10 0.09 0.09 - 0.01 0.26 0.09 0.11 0.11 0.11 - 0.00 0.36 0.13 0.15 0.13 0.14 - 0.01 0.28 0.01 0.00 0.03 0.01 + 0.01 0.01 0.01 unch 0.00 0.03 0.02 0.02 0.02 1.57 1.73 1.60 1.71 + 0.06 3.85

27815 Tahoe Res* N Tahoe Res T 6537 Taiga Gold 147 Taiga Gold* O 251 Tajiri Res V 216 Taku Gold* O 41 Taku Gold 1034 Talmora Diamd 1340 Talon Metals T 218

2.55 3.04 2.68 2.86 + 0.18 5.86 3.36 3.94 3.49 3.74 + 0.21 7.27 0.10 0.13 0.11 0.11 - 0.01 0.21 0.07 0.09 0.08 0.09 - 0.00 0.16 0.08 0.11 0.05 0.09 - 0.01 0.18 0.02 0.05 0.03 0.05 + 0.03 0.14 0.04 0.10 0.05 0.08 + 0.05 0.18 0.01 unch 0.00 0.06 0.02 0.02 0.02 0.05 unch 0.00 0.13 0.11 0.09 0.09

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / OCTOBER 1–14, 2018

Week

12-month

Exc Volume High Low Last Change High Low

Tamerlane Vent* O 250 O 5911 Tamino Mnrls* V 259 Tanager Energy Tango Mining V 343 V 328 Tanqueray Expl Tantalex Res 160 Tanzania Mnls V 47 Tanzania Rlty* X 564 Tanzania Rlty T 123 Taranis Res* O 7 Taranis Res V 15 Tarku Res V 328 Tartisan Nick 846 Tasca Res V 1285 Taseko Mines T 1487 X 3453 Taseko Mines* T 8164 Teck Res T 14 Teck Res Teck Res* N 12632 Telson Res * O 14 Telson Res V 85 Tembo Gold V 262 Tembo Gold* O 58 Teranga Gold T 1385 O 168 Teranga Gold* Teras Res V 236 Terraco Gold V 206 Terrax Mnrls* O 45 Terrax Mnrls V 201 Terreno Res V 67 Teslin Rvr Res V 1028 Tesoro Mnrls V 6 Tethyan Res V 115 Teuton Res V 67 Teuton Res* O 53 O 186 Texas Mineral* Themac Res V 31 Thor Expl V 37 Thunder Mtn Gd V 3 O 10 Thunder Mtn Gd* V 708 Thunderstruck O 20 Thunderstruck* Tiger Intl V 12 Till Capital V 1 V 36 Timberline Res O 120 Timberline Res* Timmins Gold T 993 X 958 Timmins Gold* Tinka Res V 767 Tinka Res* O 304 Titan Mining T 187 Titan Mining* O 54 Titanium Corp V 40 TMAC Resource* O 102 596 TMAC Resources T TNR Gold V 183 80 Toachi Mg Inc* O 289 Toachi Mg Inc V Tolima Gold V 2422 TomaGold V 81 O 339 Tombstone Expl* O 59 Tonogold Res* O 110 Torex Gold* Torex Gold T 2120 V 72 Torq Resources O 51 Torq Resources* Tower Res* O 46 Tower Res V 140 Transatlan Mng V 21 Transition Mtl V 68 T 390 Treasury Metal O 51 Treasury Metal* Trecora Res* N 198

0.00 0.00 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.07 0.05 0.06 unch 0.00 0.16 0.05 0.03 0.02 0.02 - 0.01 0.06 0.02 0.99 0.92 0.97 - 0.02 1.32 0.33 0.09 0.08 0.09 + 0.02 0.25 0.06 0.25 0.22 0.25 + 0.03 1.20 0.12 0.41 0.36 0.36 - 0.05 0.68 0.24 0.60 0.45 0.46 - 0.06 0.89 0.31 0.08 0.08 0.08 - 0.01 0.11 0.03 0.11 0.10 0.10 - 0.01 0.14 0.06 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.06 0.04 0.05 - 0.01 0.16 0.04 0.05 0.04 0.05 + 0.01 0.62 0.04 1.07 0.93 1.07 + 0.13 2.98 0.90 0.82 0.71 0.80 + 0.09 2.46 0.68 33.34 30.48 33.08 + 2.52 39.08 25.89 33.34 30.70 33.01 + 2.36 39.00 26.35 25.82 23.42 25.55 + 2.10 30.80 20.06 0.38 0.35 0.36 - 0.02 0.74 0.33 0.49 0.41 0.43 - 0.06 1.00 0.43 0.02 0.02 0.02 - 0.01 0.05 0.01 0.02 0.01 0.01 - 0.01 0.03 0.01 4.23 3.83 4.01 + 0.16 5.63 2.36 3.28 2.95 3.18 + 0.23 4.33 1.83 0.07 0.05 0.07 + 0.01 0.14 0.05 0.08 0.07 0.08 + 0.01 0.10 0.07 0.32 0.27 0.30 + 0.03 0.50 0.25 0.41 0.36 0.39 + 0.04 0.61 0.33 0.04 0.00 0.04 unch 0.00 0.18 0.04 0.47 0.43 0.46 + 0.03 0.67 0.33 0.06 0.00 0.06 unch 0.00 0.12 0.05 0.20 0.17 0.17 - 0.02 0.48 0.16 0.18 0.16 0.16 unch 0.00 0.26 0.15 0.13 0.12 0.12 unch 0.00 0.21 0.12 0.19 0.17 0.18 + 0.00 0.35 0.10 0.06 0.06 0.06 unch 0.00 0.10 0.03 0.18 0.15 0.18 unch 0.00 0.23 0.09 0.17 0.17 0.17 unch 0.00 0.30 0.14 0.12 0.11 0.11 - 0.01 0.25 0.08 0.06 0.04 0.05 + 0.01 0.12 0.04 0.05 0.03 0.04 + 0.00 0.15 0.03 0.10 0.00 0.10 + 0.04 0.17 0.04 2.06 0.00 2.00 - 0.06 5.60 1.90 0.12 0.11 0.11 - 0.01 0.47 0.08 0.09 0.07 0.08 - 0.00 0.36 0.06 0.97 0.84 0.92 + 0.08 5.92 0.81 0.76 0.65 0.72 + 0.07 4.83 0.63 0.40 0.36 0.37 - 0.02 0.87 0.36 0.30 0.28 0.28 - 0.01 0.75 0.28 1.40 1.23 1.34 + 0.10 1.65 0.92 0.96 0.96 0.96 - 0.01 1.04 0.96 0.81 0.00 0.73 - 0.10 1.50 0.70 3.30 0.00 3.14 - 0.12 9.24 3.07 4.68 4.01 4.66 + 0.60 11.50 3.95 0.04 0.04 0.04 unch 0.00 0.09 0.03 0.07 0.06 0.06 unch 0.00 0.28 0.08 0.11 0.09 0.10 unch 0.00 0.38 0.10 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.06 0.06 0.06 unch 0.00 0.09 0.05 0.00 0.00 0.00 - 0.00 0.01 0.00 0.12 0.00 0.11 - 0.01 0.40 0.00 8.50 7.91 8.42 + 0.50 16.49 5.73 11.08 10.24 11.00 + 0.72 20.93 7.29 0.41 0.37 0.38 - 0.01 0.75 0.37 0.32 0.28 0.30 - 0.01 1.10 0.28 0.04 0.03 0.03 + 0.00 0.13 0.03 0.05 0.04 0.05 unch 0.00 0.17 0.04 0.03 0.03 0.03 - 0.01 0.10 0.03 0.10 0.10 0.10 unch 0.00 0.20 0.10 0.34 0.30 0.33 - 0.01 0.75 0.30 0.25 0.00 0.25 - 0.01 0.65 0.23 14.45 14.00 14.35 + 0.30 15.60 10.25

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Tres-Or Res V 179 Trevali Mng* O 83 14934 Trevali Mng T Tri Origin Exp V 410 Trident Gold V 2 Trifecta Gold* O 10 Trifecta Gold V 52 Trigen Res* O 301 Trilogy Mtls T 17 Trilogy Mtls* X 368 O 65 TriMetals Mng* O 33 TriMetals Mng* TriMetals Mng T 120 Trinity Res* O 5 Trinity Valley V 117 O 18 Trio Resources* TriStar Gold* O 494 TriStar Gold V 869 Triumph Gold V 497 O 205 Triumph Gold* Troilus Gold V 174 Troilus Gold* O 4 V 156 Troubadour Res Troy Enrgy V 13 Troy Res* O 270 Troymet Expl V 95 269 True Grit Res V 199 True North Gem V Trueclaim Expl V 538 O 10 Trueclaim Expl* Tsodilo Res V 24 Tudor Gold V 167 Tudor Gold * O 44 Turquoise HIl T 7305 41169 Turquoise HIl* N TVI Pacific* O 207 TVI Pacific V 415 Tyhee Gold* O 10 Typhoon Expl V 294

0.04 0.03 0.04 unch 0.00 0.07 0.03 0.61 0.54 0.59 + 0.05 1.37 0.45 0.80 0.70 0.75 + 0.03 1.75 0.59 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.00 0.00 0.15 unch 0.00 0.22 0.14 0.05 0.05 0.05 + 0.01 0.17 0.04 0.08 0.00 0.08 + 0.01 0.21 0.07 0.44 0.31 0.38 + 0.06 1.01 0.22 2.54 2.31 2.50 + 0.14 2.62 0.90 1.95 1.80 1.95 + 0.12 2.02 0.69 0.08 0.06 0.07 - 0.00 0.18 0.04 0.17 0.16 0.16 - 0.01 0.21 0.11 0.10 0.08 0.10 + 0.01 0.23 0.06 0.02 0.01 0.02 + 0.01 0.10 0.01 0.05 0.04 0.04 - 0.01 0.16 0.04 0.00 0.00 0.00 + 0.00 0.00 0.00 0.12 0.11 0.12 - 0.01 0.27 0.11 0.18 0.11 0.16 + 0.01 0.33 0.11 0.63 0.56 0.56 - 0.04 0.80 0.26 0.49 0.43 0.44 - 0.03 0.60 0.20 1.20 0.00 0.90 - 0.30 2.25 0.95 0.84 0.00 0.74 - 0.19 1.59 0.74 0.23 0.00 0.15 - 0.03 0.23 0.12 0.04 0.04 0.04 unch 0.00 0.11 0.04 0.08 0.07 0.08 + 0.01 0.13 0.06 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.04 0.03 0.03 unch 0.00 0.07 0.03 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.13 0.09 0.13 + 0.03 0.30 0.07 0.08 0.08 0.08 unch 0.00 0.17 0.01 0.42 0.32 0.33 - 0.10 0.68 0.35 0.27 0.21 0.23 - 0.04 0.78 0.21 0.22 0.18 0.19 - 0.02 0.58 0.18 2.91 2.76 2.83 + 0.05 4.52 2.76 2.25 2.12 2.20 + 0.06 3.59 2.11 0.01 0.01 0.01 + 0.00 0.02 0.00 0.02 0.01 0.02 unch 0.00 0.02 0.01 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.05 0.00 0.04 unch 0.00 0.10 0.04

U.S. Gold* D 494 U.S. Lithium* O 1616 U3O8 Corp* O 30 U3O8 Corp T 53 Ubique Mineral 2 UC Res* O 1 322 Ucore Rare Mtl V O 424 Ucore Rare Mtl* UEX Corp T 2149 Ultra Lithium* O 30 Ultra Lithium V 55 O 131 Umbral Enrgy* Unigold* O 41 Unigold V 68 O 58 United Battery* United Battery 88 O 260 United Res Hdg* United Silver* O 216 United States A* X 1345 United States S* N 34948 Unity Energy V 2949 V 1012 Universal Vent V 13 Upper Canyon Ur-Energy T 591 Ur-Energy* X 7978 Uracan Res V 420 Uracan Res* O 272 Uragold Bay Rs V 1089 Uranium Energy* X 5142 O 1 Uranium Hunter* Uranium Res* D 4786

1.10 0.98 1.02 + 0.05 3.27 0.97 0.02 0.02 0.02 + 0.00 0.05 0.01 0.24 0.21 0.22 - 0.03 0.49 0.18 0.31 0.29 0.29 - 0.01 0.60 0.23 0.25 0.00 0.25 + 0.14 0.25 0.11 0.00 0.00 0.00 unch 0.00 0.20 0.00 0.22 0.18 0.19 unch 0.00 0.31 0.17 0.17 0.14 0.15 - 0.01 0.26 0.13 0.21 0.18 0.21 + 0.02 0.41 0.15 0.14 0.13 0.13 - 0.03 0.63 0.12 0.22 0.17 0.21 + 0.04 0.80 0.15 0.26 0.18 0.25 + 0.02 0.64 0.10 0.13 0.11 0.13 + 0.01 0.21 0.11 0.16 0.15 0.16 unch 0.00 0.29 0.15 0.72 0.71 0.71 + 0.03 0.71 0.65 0.97 0.90 0.95 + 0.05 0.99 0.40 0.04 0.03 0.03 - 0.01 0.07 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.96 0.68 0.95 + 0.27 0.79 0.20 30.48 28.76 29.13 + 0.23 47.64 23.16 0.26 0.12 0.24 + 0.12 0.23 0.10 0.44 0.36 0.42 - 0.04 0.63 0.31 0.27 0.27 0.27 unch 0.00 0.40 0.11 1.19 1.01 1.03 - 0.09 1.19 0.62 0.93 0.78 0.79 - 0.07 0.93 0.50 0.03 0.02 0.03 + 0.01 0.04 0.02 0.03 0.02 0.02 + 0.01 0.09 0.01 0.08 0.08 0.08 unch 0.00 0.14 0.08 1.79 1.67 1.71 - 0.04 2.00 0.96 0.70 0.00 0.70 - 0.30 2.09 0.26 0.20 0.17 0.19 + 0.01 1.45 0.16

U-V

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Uravan Mnrls V 114 US Energy* D 164 234 US Precious M* O USCorp* O 195 101013 N Vale* O 1222 Valley High Mg* O 5 ValOre Metals* ValOre Metals V 28 Valoro Res V 574 Valterra Res* O 75 Valterra Res V 608 V 798 Vanadium One O 120 Vanadiumcorp* Vangold Res* O 6 Vangold Res V 1369 250 Vanstar Mng Rs* O 320 Vanstar Mng Rs V Vantex Res* O 9 Vantex Res V 20 Vatic Vent V 83 Vatic Vent* O 133 N 3290 Vedanta* Velocity Mnrls V 653 O 385 Vendetta Mng* Vendetta Mng V 614 V 13 Venerable Vent O 100 Venture Mnrls* Verde Potash T 421 Verde Res* O 170 Veris Gold* O 48 Vertical Expl* O 8 Vertical Expl V 1099 Victoria Gold V 1089 Victory Nickel 54 O 0 Victory Nickel* Victory Res V 114 O 100 Virginia Enrgy* Virginia Enrgy V 119 Viscount Mng V 64 V 17 Visible Gold M O 0 Visible Gold M* Vision Lithium V 132 O 25 Vision Lithium* Vista Gold* X 741 Vista Gold T 32 Viva Gold* O 2 Viva Gold V 93 Volcanic Gold V 52 Volt Energy V 3 Voltaic Min V 64 Voyageur Min V 81 O 62 VR Resources* VR Resources V 197 Vulcan Mnrls V 92 VVC Expl V 488

0.03 0.03 0.03 0.03 - 0.01 0.08 0.71 0.95 0.86 0.90 + 0.04 1.96 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.00 unch 0.00 0.02 0.01 0.01 0.01 15.10 13.25 15.06 + 1.81 15.24 9.53 0.00 0.01 0.00 0.00 - 0.00 0.04 0.35 0.38 0.00 0.35 - 0.03 0.48 0.46 0.52 0.44 0.45 - 0.05 1.25 0.12 0.17 0.12 0.14 + 0.03 0.70 0.01 0.02 0.02 0.02 - 0.00 0.05 0.02 0.03 0.00 0.03 + 0.01 0.06 0.04 0.09 0.06 0.08 + 0.01 0.13 0.01 0.11 0.08 0.09 - 0.01 0.15 0.03 0.03 0.00 0.03 + 0.00 0.20 0.04 0.06 0.05 0.06 + 0.01 0.25 0.09 0.09 0.09 unch 0.00 0.10 0.08 0.13 0.11 0.13 + 0.02 0.13 0.06 0.04 unch 0.00 0.24 0.15 0.15 0.15 0.21 unch 0.00 0.58 0.21 0.21 0.21 0.09 0.10 0.09 0.09 - 0.01 0.32 0.04 0.08 0.04 0.07 + 0.00 0.64 11.58 13.18 12.66 12.96 - 0.33 21.99 0.13 0.16 0.14 0.15 + 0.01 0.35 0.13 0.15 0.13 0.14 + 0.00 0.22 0.16 0.19 0.18 0.18 + 0.01 0.28 0.09 0.13 0.11 0.13 + 0.01 0.14 0.02 unch 0.00 0.04 0.02 0.02 0.02 0.39 0.73 0.53 0.61 - 0.11 1.26 0.00 0.01 0.01 0.01 + 0.00 0.09 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.04 unch 0.00 0.15 0.07 0.07 0.07 0.05 0.10 0.09 0.10 + 0.01 0.40 0.30 0.34 0.31 0.33 + 0.01 0.53 0.03 0.04 0.00 0.03 - 0.01 0.07 0.02 unch 0.00 0.05 0.00 0.00 0.03 0.13 unch 0.00 0.65 0.19 0.18 0.19 0.07 0.20 0.14 0.20 + 0.06 0.25 0.09 0.27 0.19 0.27 + 0.08 0.33 0.21 0.23 0.21 0.22 - 0.03 0.40 0.06 0.06 0.00 0.06 - 0.01 0.18 0.04 0.04 0.04 0.04 - 0.00 0.14 0.18 unch 0.00 0.79 0.30 0.25 0.28 0.16 unch 0.00 0.62 0.17 0.17 0.17 0.45 0.51 0.45 0.47 - 0.02 0.87 0.60 0.65 0.60 0.62 - 0.01 1.12 0.24 0.25 0.25 0.25 - 0.05 0.40 0.21 0.42 0.34 0.42 + 0.03 0.69 0.08 0.10 0.00 0.09 - 0.02 0.40 0.09 unch 0.00 0.96 0.13 0.13 0.13 0.15 0.19 0.15 0.15 - 0.03 0.90 0.04 unch 0.00 0.15 0.08 0.08 0.08 0.14 0.16 0.16 0.16 - 0.00 0.35 0.17 0.21 0.19 0.19 - 0.02 0.43 0.04 unch 0.00 0.07 0.05 0.05 0.05 0.03 0.04 0.03 0.03 - 0.01 0.07

Walker Lane* O 42 Walker River V 295 17780 T Wallbridge Mng War Eagle Mg V 124 Waseco Res V 226 Wealth Mnrls V 1476 Wealth Mnrls* O 1078 V 13 Wescan Gldflds O 350 Wesdome Gold* T 2456 Wesdome Gold 219 West Af Res V West High Yld V 244 West Kirkland V 566 93 West Kirkland * O

0.05 0.33 0.30 0.33 + 0.08 0.40 0.05 0.06 0.05 0.06 + 0.01 0.14 0.06 0.25 0.14 0.24 + 0.11 0.19 0.05 0.01 0.22 0.09 - 0.10 0.09 0.03 unch 0.00 0.07 0.04 0.03 0.04 0.54 0.72 0.59 0.61 - 0.04 2.34 0.41 0.56 0.46 0.48 - 0.02 1.85 0.01 0.06 0.00 0.06 + 0.01 0.12 1.28 2.81 2.58 2.76 + 0.14 3.79 1.64 3.64 3.32 3.54 + 0.15 3.83 0.28 0.00 0.27 + 0.01 0.50 0.26 0.24 0.40 0.35 0.36 - 0.04 3.80 0.05 unch 0.00 0.09 0.06 0.05 0.06 0.05 0.03 0.05 + 0.00 0.07 0.03

W-Z

(100s) Stock

Week

23 12-month

Exc Volume High Low Last Change High Low

West Red Lake* O 138 294 West Red Lake O 4 Western Areas* Western Atlas V 558 T 218 Western Copper X 380 Western Copper* V 33 Western Pac Rs 33 Western Pac Rs* O Western Potash T 147 Western Res* O 3 Western Uran 169 O 243 Western Uran* V 879 Westhaven Vent Westhaven Vent* O 91 O 831 Westkam Gold* V 20383 Westkam Gold V 294 Westminster Rs O 1 Westminster Rs* Westmoreland* O 195 Wheaton Prec M T 6055 Wheaton Prec M* N 17632 O 33 White Energy* White Gold* O 361 White Gold V 2078 O 248 White Metal R* White Metal Rs V 1097 O 219 White Mtn Engy* O 4 Whitehaven Coa* Whitemud Res V 95 Wildsky Res* O 12 Wildsky Res V 102 O 336 Winston Gold* Winston Gold 239 Winston Res 2 0 Winston Res* O Wolfden Res* O 133 Wolfden Res V 481 Wolfeye Res V 195 Wolverine Mnls V 110 WPC Res* O 449 WPC Res V 546 X-Terra Res* O 0 X-Terra Res V 169 Xander Res V 25 Xiana Mng V 36 Xiana Mng* O 25 Ximen Mng* O 33 Ximen Mng V 171 Xtierra V 92 Xtra-Gold Res T 32 O 18 Xtra-Gold Res* 11790 Yamana Gold T N 64466 Yamana Gold* Yanzhou Coal* O 1 V 45 Yellowhead Mng Yorbeau Res T 1345 O 3 You Han Data* 29 Zadar Vent * O Zadar Vent V 1259 Zanzibar Gold 5 Zara Res 255 Zara Res* O 0 O 2 Zenyatta Vent* Zenyatta Vent V 193 Zephyr Mnls* O 5 Zephyr Mnls V 181 Zimtu Capital V 44 Zinc One Res V 2523 Zinc One Res * O 234 Zincore Mtls V 35 ZincX Res V 702 ZincX Res* O 6 Zonte Mtls V 93

0.06 0.03 0.06 + 0.01 0.13 0.03 0.08 0.05 0.08 + 0.02 0.16 0.05 1.93 0.00 1.93 + 0.28 2.82 1.64 0.09 0.06 0.06 - 0.04 0.32 0.06 0.91 0.85 0.90 + 0.05 1.58 0.84 0.71 0.65 0.69 + 0.02 1.27 0.62 0.19 0.02 0.19 - 0.02 0.30 0.10 0.19 0.01 0.19 + 0.18 0.03 0.01 0.33 0.00 0.30 - 0.02 0.58 0.29 0.25 0.25 0.25 unch 0.00 0.37 0.25 2.25 1.70 1.95 + 0.14 2.25 0.54 1.75 1.30 1.51 + 0.15 1.75 0.44 0.21 0.17 0.20 + 0.04 0.24 0.08 0.16 0.12 0.16 + 0.04 0.18 0.06 0.01 0.01 0.01 - 0.00 0.04 0.01 0.02 0.01 0.01 unch 0.00 0.05 0.01 0.09 0.07 0.07 - 0.01 0.25 0.07 0.07 0.07 0.07 unch 0.00 0.13 0.07 0.15 0.10 0.13 - 0.01 3.13 0.07 22.21 20.75 21.91 + 1.10 29.93 19.87 17.20 15.95 16.92 + 0.97 22.87 15.18 0.30 0.26 0.30 + 0.04 0.30 0.11 0.89 0.53 0.86 + 0.38 0.84 0.46 1.19 0.69 1.07 + 0.42 1.60 0.54 0.11 0.09 0.09 - 0.01 0.19 0.05 0.15 0.11 0.14 + 0.01 0.25 0.03 0.00 0.00 0.00 - 0.00 0.00 0.00 3.73 3.73 3.73 unch 0.00 4.37 2.71 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.11 0.00 0.08 - 0.03 0.77 0.08 0.15 0.11 0.11 - 0.01 1.01 0.11 0.04 0.03 0.04 + 0.00 0.09 0.02 0.05 0.04 0.05 unch 0.00 0.09 0.03 0.00 0.00 0.07 unch 0.00 0.24 0.07 0.00 0.00 0.55 unch 0.00 0.20 0.17 0.18 - 0.03 0.56 0.17 0.26 0.23 0.25 - 0.01 0.68 0.23 0.81 0.78 0.79 unch 0.00 1.64 0.73 0.10 0.09 0.10 + 0.01 0.17 0.07 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.03 0.02 0.03 unch 0.00 0.05 0.02 0.00 0.00 0.11 unch 0.00 0.24 0.11 0.14 0.13 0.13 - 0.01 0.31 0.11 0.12 0.12 0.12 + 0.01 0.29 0.09 0.46 0.43 0.43 - 0.09 0.70 0.08 0.36 0.34 0.34 unch 0.00 0.55 0.06 0.12 0.11 0.12 + 0.01 0.44 0.10 0.15 0.15 0.15 unch 0.00 0.25 0.13 0.05 0.00 0.05 unch 0.00 0.08 0.02 0.25 0.25 0.25 - 0.01 0.30 0.18 0.19 0.19 0.19 + 0.00 0.23 0.11 3.36 3.17 3.20 + 0.02 4.69 3.03 2.60 2.44 2.49 + 0.05 3.80 2.30 1.08 1.08 1.08 unch 0.00 1.83 0.96 0.13 0.10 0.13 + 0.03 0.70 0.10 0.04 0.03 0.04 + 0.01 0.10 0.03 1.10 0.00 0.75 - 2.05 2.80 0.80 0.06 0.06 0.06 unch 0.00 0.08 0.02 0.06 0.06 0.06 - 0.01 0.13 0.03 0.10 0.10 0.10 unch 0.00 0.15 0.10 0.14 0.00 0.07 - 0.13 0.24 0.07 0.00 0.00 0.08 unch 0.00 0.17 0.08 0.38 0.34 0.37 - 0.02 0.77 0.34 0.50 0.44 0.45 - 0.06 0.98 0.42 0.19 0.00 0.16 - 0.03 0.28 0.16 0.24 0.00 0.21 - 0.04 0.34 0.20 0.24 0.23 0.23 + 0.01 0.40 0.21 0.14 0.10 0.12 - 0.03 0.55 0.10 0.11 0.08 0.09 - 0.02 0.45 0.08 0.07 0.00 0.06 unch 0.00 0.35 0.03 0.36 0.33 0.34 - 0.03 0.75 0.24 0.28 0.27 0.27 - 0.02 0.56 0.19 0.30 0.28 0.30 + 0.03 0.35 0.12

BID-ASK — SEPTEMBER 17–21, 2018 STOCK

55 North African Metals Aguila Amer Gd Alba Minerals Alderon Iron* Alexandra Cap Allante Potash ALQ Gold Altan Rio Mnls Altitude Res Alto Vent Amador Gold Amanta Res Anglo-Bomarc Angus Ventures Antler Hill Arch Coal* Archon Mineral Arcturus Vent Arcus Dev Grp Arian Res Arrowstar Res Asbestos Corp Ashanti Sanko AsiaBaseMetals Atlatsa Res* Aurcana Corp Aurelius Min Austin Res AXE Expl Banro Corp* Barolo Vent Baroyeca Go&Si BE Res Bell Copper Belvedere Res Bethpage Cap BHK Mining Bird River Res Black Bull Res Black Isle Res Boss Power Cadillac Vent Cairo Res Canada Coal Canex Energy Canoe Mng Vent Caracara Silvr Cariboo Rose Cautivo Mining Cdn Intl Mnrls Cdn Platinum Cdn Silvr Hunt Cerro Mng Chantrell Vent Chilean Metals Chinapintza Mg Cicada Vents Cliffmont Res Cliffs Nat Res* CMX Gold & Sil Cresval Cap Cyntar Venture Cyprium Mng Damara Gold Dawson Gold Dynasty Gold EastCoal Inc Electra Stone Empire Rock Essex Minerals Eureka Res European Metal Evolving Gold Excalibur Res Fieldex Expl Finore Mng

12-MONTH

EXC BID ASK LAST HIGH

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

0.02 0.02 0.02 0.06 0.09 0.06 0.20 0.22 0.18 0.30 0.15 0.16 0.16 0.28 ... 0.40 0.14 0.52 ... 0.63 0.50 0.93 0.10 0.30 0.10 0.11 1.10 1.20 0.22 0.01 0.02 0.01 0.02 0.05 0.08 0.05 0.09 0.03 0.03 0.03 0.13 0.17 0.19 0.19 0.19 0.01 0.02 0.01 0.08 0.08 0.15 0.16 0.41 0.50 0.42 0.50 0.08 0.12 0.10 0.28 ... ... 0.58 0.64 0.98 0.68 1.31 0.11 0.15 0.10 0.20 0.04 0.05 0.04 0.19 0.01 0.02 0.01 0.12 0.24 0.12 0.12 0.35 0.99 0.50 0.90 0.04 0.05 0.05 0.10 0.35 0.38 0.36 0.40 ... ... 0.06 0.45 0.17 0.17 0.23 0.28 0.13 0.14 0.14 0.15 0.01 0.02 0.01 0.04 0.04 0.04 0.06 0.17 0.11 0.11 0.11 2.10 0.05 0.08 0.04 0.02 0.02 0.02 0.04 0.05 0.07 0.05 0.08 0.17 0.20 0.20 0.22 ... 0.82 0.82 0.96 0.06 ... 0.07 0.14 0.02 0.02 0.02 0.16 0.16 0.23 0.63 0.10 0.18 0.10 0.04 0.05 0.04 0.06 0.17 0.20 0.17 0.03 0.03 0.03 0.06 0.23 0.50 0.36 0.43 0.08 0.09 0.09 0.12 0.15 0.19 0.15 0.40 0.05 0.05 0.14 0.25 0.10 0.15 0.11 0.30 0.02 0.03 0.02 0.14 0.21 0.33 0.36 0.70 0.16 0.16 0.15 0.40 0.02 0.02 0.03 0.05 0.05 0.06 0.06 0.11 0.20 0.25 0.18 0.22 0.07 0.10 0.11 0.12 0.09 0.10 0.09 0.38 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.03 0.16 0.69 0.50 0.90 1.45 3.20 1.43 7.17 0.05 0.07 0.05 0.12 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 0.14 0.16 0.16 0.27 0.12 0.14 0.12 0.30 0.01 0.02 0.01 0.04 0.12 0.22 0.12 0.30 0.09 0.12 0.12 0.25 0.03 0.03 0.03 0.05 ... 0.01 0.01 0.08 0.09 0.08 0.41 0.09 0.10 0.10 0.11 0.18 0.18 0.19 0.12 0.12 0.11

LOW

0.17 0.04 0.12 0.09 0.06 0.01 0.03 0.03 0.13 0.05 0.33 0.02 0.62 0.07 0.04 0.03 0.21 0.02 0.13 0.06 0.17 0.03 0.01 0.02 0.10 0.01 0.04 0.03 0.15 0.07 0.08 0.03 0.03 0.30 0.04 0.14 0.09 0.08 0.02 0.15 0.11 0.02 0.04 0.04 0.05 0.08 0.01 0.01 0.15 0.98 0.04 0.04 0.15 0.04 0.10 0.08 0.01 0.11 0.07 0.02 0.07 0.01

STOCK

12-MONTH

EXC BID ASK LAST HIGH LOW

Fire River Gol V Firebird Res V Firestone Vent V First Idaho V Four Nines C V Freedom Egy Freeport Res V V Full Metal Mnl Gem Intl Res V Gentor Res V C Getchell Gold GFM Res V Global Cobalt V Global Cop Grp V V GobiMin C God’s Lake Res Goldbelt Emp V Golden Harp V Golden Secret V GoldTrain Res C Granite Ck Gld V Greatbanks Res V Green River C Greenshield Ex V HFX Holding V Highbury Proj V Highvista Gold V Homeland Egy V I-Minerals V Icon Explor V Infinite Lith V Inform Res V Inter-Rock Mnl V Interconnect V Intl Battery C Intl Millm Mng V Iron South Mng V Jayden 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 V Lovitt Res Lund Enterpr V MAG Silver* X Magnitude Mng V Martina Mnls V Mas Gold V Matachewan Con V Match Capital V MAX Res V McChip Res V Meridius Res V Mesa Expl V Metalo Manuf C Metalore Res V Metron Capital V Mezzotin Mnrls V Micrex Dev V Midasco Cap V Midnight Star C MillenMin Vent V Millstream Min V Minecorp Egy V Mistango River C Moag Copper C Montana Gold C Mountain Lake C MX Gold V Navis Res Corp C

0.03 0.07 0.09 0.03 0.04 0.03 0.09 0.07 0.09 0.07 0.19 0.09 0.25 0.04 0.06 0.05 0.09 0.06 0.16 0.04 0.05 0.04 0.12 0.06 0.07 0.07 0.08 0.01 0.12 0.10 0.15 0.01 0.02 0.02 0.03 0.06 0.08 0.06 0.20 ... ... 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 0.33 0.39 0.34 0.50 ... ... 0.90 1.10 0.02 0.02 0.02 0.03 0.09 0.15 0.08 0.20 0.35 0.35 0.27 0.50 ... 0.08 0.08 0.08 0.12 0.14 0.12 0.17 0.03 0.05 0.03 0.06 0.07 0.07 0.09 0.12 0.21 0.12 0.15 0.06 ... 0.06 0.12 0.22 0.48 0.30 0.35 ... 0.15 0.17 0.21 0.21 0.18 0.38 0.15 0.19 0.19 0.36 ... 0.37 0.41 0.84 0.26 0.29 0.28 0.32 0.10 0.19 0.10 0.39 0.28 0.30 0.31 0.59 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 0.13 0.13 0.11 0.38 0.01 ... 0.05 0.15 0.41 0.60 0.64 0.70 0.13 0.16 0.15 0.01 0.02 0.01 0.04 0.07 0.24 0.07 0.08 0.05 0.05 0.17 1.35 0.22 0.47 0.25 0.60 0.10 ... 0.17 0.21 ... ... 1.09 ... ... 0.10 0.03 0.03 0.06 0.08 0.08 0.13 0.10 0.25 0.16 0.23 0.14 0.25 12.52 13.30 12.52 14.40 0.17 0.35 0.16 0.30 0.04 0.08 0.04 0.07 0.06 0.07 0.06 0.15 0.16 0.20 0.16 0.33 0.01 ... 0.04 0.16 0.22 0.20 0.32 0.69 0.74 0.72 0.87 0.18 0.30 0.18 0.20 0.06 0.06 0.06 0.08 0.25 0.38 0.35 0.57 2.25 2.85 1.80 4.45 0.06 0.20 0.06 0.08 0.01 0.02 0.01 0.04 0.02 0.02 0.01 0.03 0.11 0.27 0.10 0.15 ... ... 0.20 0.25 0.01 0.01 0.05 0.04 0.06 0.04 ... ... 0.12 0.20 0.03 0.04 0.04 0.07 ... ... 0.08 0.09 0.10 0.10 0.10 ... ... 0.05 0.09 0.11 0.11 0.11 0.22 0.37 0.50 0.37 0.95

0.01 0.05 0.02 0.06 0.04 0.03 0.08 0.01 0.06 0.07 0.05 0.04 0.30 0.07 0.01 0.01 0.22 0.08 0.08 0.03 0.06 0.04 0.22 0.18 0.18 0.03 0.12 0.09 0.25 0.04 0.01 0.04 0.08 0.01 0.35 0.01 0.04 0.17 0.06 0.05 0.04 0.02 0.11 6.12 0.14 0.03 0.06 0.15 0.06 0.43 0.18 0.03 0.15 1.77 0.05 0.01 0.01 0.07 0.09 0.07 0.01 0.02 0.03 0.08 0.23

STOCK

Navy Res Nebu Res Nevado Res New Jersey Mng New Klondike New Point Expl New Stratus Nitinat Mnls Norsemont Cap Norvista Cap Nrthn Lion NSGold Nubian Res Nunavik Nickel Oriental Non F Orofino Mnrls Pac Arc Res Pac Cascade Pac Iron Ore Pac Link Mng Patriot Gold Pedro Res Pele Mtn Res Peruvian Metal Phoenix Gold Prime Meridian Quadro Res Quantum Cobalt Randsburg Intl Rare Element* Razore Rock Res Red Oak Mg Red Tiger Mng Reliant Gold Remington Res Rhyolite Res Riley Resource Rio Silver Rockland Mnls Rojo Res Ross River Rotation Mnls Rubicon Mnrls* Sage Gold Scavo Res Serabi Gold Shoshoni Gold Silver Mtn Mns Silver Phoenix Silver Viper Starr Peak Exp Stroud Res Surge Explor Tearlach Res Thunder Mtn Gd Tintina Mines Tri-River Vent Trident Gold Troymet Expl UC Res Vale* Valencia Vent ValOre Metals Vanadium One Vanadiumcorp Vantex Res Vela Minerals Volt Energy Westcot Vent Western Troy C Westridge Res Whistler Gold Worldwide Res Zanzibar Gold Zena Mng Zinco Mng

12-MONTH

EXC BID ASK LAST HIGH LOW

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

0.17 0.28 0.18 0.32 0.02 0.03 0.04 0.01 0.02 0.02 0.05 ... 0.33 0.23 0.26 0.01 0.01 0.01 0.05 0.05 0.06 0.41 0.25 ... 0.40 0.45 0.08 0.09 0.09 0.51 0.39 0.55 0.39 0.47 0.10 0.12 0.12 0.16 0.22 0.69 0.22 0.67 0.09 0.13 0.13 0.15 0.12 0.14 0.14 0.34 0.11 0.15 0.11 0.15 0.01 1.00 1.05 1.05 ... 0.25 0.14 0.19 0.52 0.52 0.70 0.82 0.01 0.02 0.01 0.08 0.09 0.08 0.23 0.03 0.50 0.20 0.20 0.07 0.15 0.10 0.13 ... 0.31 0.21 0.42 0.04 0.04 0.04 0.15 0.05 0.07 0.06 0.10 ... 0.01 0.01 0.01 0.15 0.14 0.05 0.06 0.05 0.15 ... ... 1.10 3.15 0.01 0.01 0.01 0.02 0.11 0.16 0.15 0.89 0.06 0.21 0.06 0.63 0.22 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 1.00 0.15 0.29 0.15 0.40 0.15 0.34 0.15 0.15 0.04 0.05 0.05 0.07 0.07 0.08 0.08 0.11 ... 0.40 0.40 0.40 0.10 0.14 0.26 0.50 0.07 0.09 0.07 0.40 ... ... 0.03 1.35 0.01 0.01 0.02 0.25 0.36 0.57 0.36 0.54 0.71 0.95 0.75 1.60 0.05 0.07 0.05 0.08 0.01 0.02 0.02 0.03 0.05 0.10 0.05 0.22 0.11 0.13 0.12 0.30 0.09 0.12 0.09 0.19 0.01 0.01 0.01 0.03 0.39 0.44 0.39 0.23 0.08 0.15 0.08 0.06 ... 0.17 0.30 0.02 0.10 0.05 0.10 ... ... 0.04 0.15 0.17 0.15 0.22 0.01 0.01 0.01 0.02 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 0.20 0.21 0.58 0.18 0.30 0.30 0.30 0.09 0.10 0.13 0.96 ... ... 0.35 0.55 0.02 0.02 0.02 0.06 0.60 0.60 0.60 0.80 0.08 0.13 0.08 0.08 0.03 0.04 0.03 0.09 0.10 0.12 0.10 0.15 0.04 0.07 0.07 0.18 0.05 0.07 0.05

0.17 0.01 0.23 0.05 0.08 0.04 0.32 0.08 0.19 0.02 0.12 0.08 1.00 0.07 0.12 0.03 0.03 0.09 0.17 0.03 0.04 0.04 0.20 0.01 0.06 0.06 0.08 0.02 0.20 0.15 0.10 0.04 0.01 0.23 0.10 0.07 0.03 0.01 0.26 0.75 0.04 0.02 0.05 0.09 0.09 0.01 0.03 0.14 0.04 0.14 0.01 0.01 6.57 0.14 0.07 0.09 0.21 0.18 0.09 0.11 0.02 0.29 0.04 0.01 0.10 0.07