The Northern Miner October 28 2019 Issue 22

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Geologist Violet Smith pioneers family-run consultancy in Guyana PROFILE

| Matriarch blazes trail in sector

BY TRISH SAYWELL tsaywell@northernminer.com

At The Northern Miner’s third annual Progressive Mine Forum in October, from left: Trish Saywell (moderator), The Northern Miner’s acting editor-in-chief and senior reporter; Kulvir Singh Gill, DPI Mining associate director; Claudia Mueller, Global Mining Management associate director at the Schulich School of Business; Sam Pazuki, OceanaGold vice-president of Investor Relations; Miranda Werstiuk, Optimize Group vice-president of corporate advisory services; and Raziel Zisman, Whittle Consulting cofounder and partner. GEORGE MATTHEW PHOTOGRAPHY

Miners face ‘tsunami’ on environmental, social, governance front PROGRESSIVE MINE FORUM

BY DAVID PERRI dperri@northernminer.com

T

he next generation of mining leaders will arrive with a “tsunami” of environmental, social and governance (ESG) concerns, says Claudia Mueller, associate director of the Global Mining Management program at the Schulich School of Business.

Mueller joined a panel of experts in October to discuss ESG issues at The Northern Miner’s third annual Progressive Mine Forum in Toronto. In recent years, she has seen a “tremendous increase” in questions about ESG from the youth who will run tomorrow’s mining companies. northern-miner_wide.pdf 1

| Experts tackle critical trend on the horizon

“IF OUR CLOSEST FRIENDS, THE FOLKS WHO ARE SUPPOSED TO BE GETTING ALL THE BENEFITS OF MINING, ARE NOT WILLING TO STAND UP FOR US, THEN ARE WE REALLY DELIVERING THE BENEFITS TO THEM?” KULVIR SINGH GILL ASSOCIATE DIRECTOR, DPI MINING

ESG criteria is a set of operating standards used by socially conscious investors to screen potential investments concerning stewardship of the natural environment, stakeholder management (including local communities, employees and suppliers) and corporate governance (compensation, internal controls, 2019-10-07 2:33 PM

shareholder rights, etc.).

“We have seen a paradigm shift in ESG interest over the last two or three years,” says Sam Pazuki, OceanaGold’s (TSX: OGC) vicepresident of investor relations.

“Based on our estimates there are about $25 trillion of investments under management, globally, with

V

iolet Smith grew up in the Cuyuni–Mazaruni region of Guyana, eventually settling in Bartica, a small commercial centre about 80 km inland from the Atlantic Ocean.

The town — at the confluence of the Cuyuni, Mazaruni and Essequibo rivers — was considered the gateway to the gold mines and diamond fields of the interior.

As a young girl she would watch the steamers come in and trucks, loaded with camp supplies, disapSee GEOLOGIST / 2

investors who consider themselves to be socially responsible investors.”

Pazuki says the trend will only intensify in a hyper-connected world, with growing concern about climate change and sustainable development. Large investors will increasingly set minimum ESG thresholds for investment.

Kulvir Singh Gill, associate director of DPI Mining, criticized some in the mineral-development industry for engaging in a superficial “checkthe-box exercise” when it comes to ESG performance.

“Are we doing this to comply with the letter of the law, or are we doing this because we believe in the spirit of the law, and the principles behind what we’re doing?”

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NEMASKA LITHIUM: RESORTS TO LAYOFFS IN QUEBEC / 22

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OCTOBER 28–NOVEMBER 10, 2019 / THE NORTHERN MINER

At the PDAC 2019 awards, seated from right: Violet Smith, Aisha Jean-Baptiste and Ayaana JeanBaptiste. COURTESY

Patrick Sheridan Jr. and Violet Smith at the Aurora gold project in Guyana. COURTESY

Geologist Violet Smith pioneers family-run consultancy See GEOLOGIST / 2

pear into the swampy lowlands on their way into the country’s dense rain forest.

Just about every household in town had at least one prospector in the family who would leave for months and sometimes years at a time to hunt for minerals.

Locals called them “pork knockers” — after their diet of pickled pork from the wild pigs that sustained them while away from home.

Though her father was a prison officer, one of the family’s closest friends, Cyrilda DeJesus, who Smith affectionately calls Aunty Cyrilda, was one of the first women to go into the bush alongside the men.

“She was a great mentor for me — one of the first women in the mining sector in Guyana,” Smith recalls in an interview in Toronto earlier this year. “She eventually went into parliament.”

But when Smith decided to study geology after high school, just about everyone she knew tried to dissuade her.

“They would say, ‘Why don’t you do something else that is more feminine?’” she says.

“You have to realize though, as much as Guyana has a mining history that goes back for centuries, women who went into the business in those days were considered ‘bush women’ — women of loose character — or ‘working women’ in the flesh.”

Undeterred, Smith chose to study geology in Canada — first at a technical college in Sudbury, then at Carleton University in Ottawa, and later at Laurentian University in Sudbury.

After graduation and working for a time at the Ontario Geological Survey and at Ontario Hydro, Smith felt the pull of home. In her mid-thirties she returned to Guyana and eventually set up her own consulting firm, AVA Management and Consultancy Services, and served as country manager for several companies in the extractive sector.

One of her most significant con-

tracts was for Toronto mining entrepreneur Patrick Sheridan.

Smith had met Sheridan and his wife Marjorie at the annual Prospectors & Developers Association of Canada convention while living in Canada, and the trio, along with Sheridan’s son Patrick Sheridan Jr., had become good friends.

Over the years, Smith pitched Guyanese ideas to Sheridan Sr., but he had become disillusioned with the country in 1974, when the government nationalized Reynolds Guyana Mines, a subsidiary of Canada’s Reynolds Metals.

By the time Smith moved back to Guyana full-time, however, the political situation had improved enough for Sheridan Sr. and Sheridan Jr. to contemplate exploration in the country, with Smith’s help.

The Sheridan-backed company went by many names, Smith says, but at the height of its success was known as Guyana Goldfields (TSX: GUY). The company discovered the Rory’s Knoll deposit and eventually put the Aurora gold mine into commercial production in January 2016.

“It wasn’t Guyana Goldfields back then,” Smith says of her early days working for the Sheridans. “Guyana Goldfields evolved later.”

The team was hunting for minerals near the Cuyuni River, 194 km upriver from Bartica, in an area known for its placer mining as well as two past-producing underground mines, Aleck Hill and Mad Kiss, which had operated in the 1940s.

But exploration dollars were tight.

“We started off rinky-dink, trying to make ends meet to drill,” Smith remembers. “In those days there was no money. None at all. We were shoestringing it. The most critical thing at that time was having the men stay in the bush without pay … things were bad in the early days.”

One drill season, just before Christmas, however, when the rigs were about to be returned to camp, geologist Rory Calhoun saw something interesting, Smith says.

“We figured we would drill it, but our head office in Toronto said not to drill it because there were

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“AS MUCH AS WE’RE IN 2019 — IT’S STILL TAKING A LOT OF TIME TO CONDITION PEOPLE TO ACCEPT WOMEN IN THE MINING INDUSTRY HERE.” AYAANA JEAN-BAPTISTE AVA MANAGEMENT

other proven areas. But we drilled it anyway.

“It was an act of disobedience,” she chuckles. “I had to give the permission to drill because I was head of country. I said, ‘Let’s do it and I’ll cover you, based on the geology.”

The team then dispersed on vacation, and by the time everyone returned to work in January, the results were in, and Rory’s Knoll was a discovery.

“Once we found it, the money started coming in based on the drill holes,” Smith says.

Over the course of her career, Smith’s consulting firm has worked for many companies both in the mining and oil and gas sectors.

Smith likes to say she built her reputation on honesty, hard work and thriftiness.

“I have a reputation for being able to manage companies very frugally,” she laughs. “It has actually become a joke. They call me the ‘African axe.’”

These days Smith is starting to transition management of the business to her two daughters, Ayaana and Aisha, who have helped her build the company since they were young students in elementary and high school.

The girls would help their mother before they went to school in the mornings, as well as in the evenings and on weekends.

“I had to get up very early — around 4 a.m. — to get to the market because I had to service my camps,” Smith says. “And when I got home at 6 a.m. the girls were up and we had to parse the supplies between the different camps. We had to get bags and labels and when they went to school at 8 a.m. I would load it all into the truck and drive it to Parika.

“There were just the three of us, we had no staff, so they have been involved from the very beginning, they have been integral. And when they got home from school they had to take phone calls, take notes because I was gone. Unpaid labour!” she grins.

When the girls went off to university in Canada and the U.K., they would help on their vacations home.

Smith’s eldest daughter, Ayaana, studied social sciences majoring in the areas of psychology, anthropology and environmental science. She now advises AVA Management’s clients on working with local communities and sustainability issues.

The youngest daughter, Aisha, contemplated a career in nuclear

physics before specializing in economic geology.

“I’m very proud of them, it’s a blessing,” Smith says of her daughters.

The feeling is mutual.

“We’re proud of her, too!” Ayaana says. “There weren’t a lot of people of colour in Sudbury when she started out. People would say to me, ‘Oh, your mom must be that geologist.

They still know of her as that Caribbean geologist from Guyana. They found it so fascinating.”

The threesome work hard to encourage more women to join the industry — particularly in Guyana.

“As much as we’re in 2019 — it’s still taking a lot of time to condition people to accept women in the mining industry here,” Ayaana says. “No women were even allowed to come on-site at one of the first mines I worked at in Guyana. It was a Canadian company. But little by little they came, and now we have women in various technical fields.

People are getting more used to it.”

It’s not just that the camps are dominated by males, Smith adds, it’s the tough working conditions in remote parts of the rainforest. “It’s a very harsh life and you’re exposed to malaria and other things like tigers and snakes. I think because of that, the lack of infrastructure, it prevented women from entering the industry … it’s a very hostile terrain to operate in.”

Smith says both she and Aisha have contracted malaria, and when she first started going into the bush, “you never knew if you’re coming back out — if you’re going to make it. If you get malaria, there are no planes that can come in, there are no airstrips.”

She recalls one trip early in her career when she was returning to one of her project sites that had been staked weeks before. In their absence, heavy rainfall in neighbouring Venezuela had seeped into the Cuyuni River, flooding its banks and swamping the camp.

“When we arrived it was underwater and we got there at six in the afternoon. We had to sleep in the boat.”

Exploration certainly presents greater challenges than in places like Ontario, she adds. “If you go into the bush in Canada for three or six months, they have choppers and slings, and they drop your food and stuff. In Guyana you don’t have that. There are helicopter services,

but you can’t rely on them. So you have to find a way. You have to know how to build bridges across creeks and rivers, you have to do all of that. You have to put in all the infrastructure.

“In most of the places you can’t stick in machinery,” she continues.

“You have to clear the bush and then you have to carry in a generator over these long distances. It’s doable, but it’s very, very hard, and it’s tedious, so you need that local help.”

Then of course there are the evacuation operations necessary when something goes wrong — like an encounter with a snake. Guyana is home to “the worse possible kinds” of snakes, Smith says, like the labaria, a rainforest species that lives near waterways and whose venom causes massive tissue destruction and internal bleeding.

Big cats also present dangers — one of the reasons there are often dogs in camp. “We built a camp at Tapir and the boys thought they had a big cat around,” Smith says.

“One night the dog was just howling, he sensed it. The dog went under the hammock where the men were sleeping outside under a tarp, but the cat just went in and dragged him out. The man was awake in his hammock — he was just happy it got the dog and not him.”

The girls have their share of stories, too. Ayaana recalls assisting an oil exploration company and travelling by boat. “They said ‘watch your hands, there are stingrays and piranhas in the water. They also had caiman — big alligators — and they’re everywhere. You see them on the sandbanks, just panting as you drive by. I took off my life jacket because I thought, why should I bother? If I fall in the water I’ll be with stingrays, piranhas and caiman.”

She also remembers she didn’t bathe for days. “The Amerindians in the area told me to bathe with them in the river and I’m like, ‘No, I’m OK.’ I didn’t take a bath the whole time I was there. I was ripe.

But the caiman are there watching you. The women told me if you bathe in a group the caiman don’t bother you. But I just wasn’t taking the chance!”

For all its challenges, Smith and her daughters wouldn’t have it any other way.

Guyana contains one of the most highly prospective yet under-explored mineral regions in the world, and they love what they do.

“There are immense struggles and you have to have a tenacity and a real belief that that’s what you want,” Smith says. “It doesn’t really matter where you are, or what stage you’re at in your education, or in your career. There are always going to be obstacles and people trying to dissuade you. So you have to stay the course.” TNM

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Protests over austerity measures in Ecuador put investors on edge PRESSURE

| President Moreno reinstates fuel subsidies, begins negotiations with opposition groups

BY TOM AZZOPARDI Special to The Northern Miner

A

wave of nationwide protests has shaken Ecuador and investor confidence in the emerging mining jurisdiction.

As part of President Lenin Moreno’s US$4.2-billion financial deal with the International Monetary Fund to fix the oil-exporting nation’s strained finances, the Ecuadorian government announced on Oct. 2 a package of austerity measures, including an end to four-decade-old fuel subsidies.

Without the subsidies, which cost the state around US$1.3 billion annually, gasoline prices rose 24% to US$2.30 a gallon, while diesel prices more than doubled to US$2.27 a gallon.

The move did not go down well.

What began as a protest by taxi drivers and truckers against the price increases escalated into a nationwide revolt drawing in farmers, students and Indigenous groups.

Protesters mounted roadblocks on major highways, cutting some parts of the country off from others, and slowing production at one of the country’s largest oil fields. In the cities, bridges and major roads were closed and some buildings set on fire. Protesters took control of the Carondelet Palace and the National Assembly building in Quito, forcing the government to flee to the relative safety of Guayaquil, Ecuador’s largest city and main port, 422 km from Quito.

President Moreno ordered troops onto the streets to enforce a curfew.

“I HAVEN’T REALLY GOT OFF THE PHONE TO INVESTORS FOR THE PAST TWO WEEKS.” ANNA LEGGE DIRECTOR OF COMMUNICATIONS, SOLGOLD

The carnage left seven people dead and hundreds under arrest.

Eventually, the president bowed to pressure and reinstated the fuel subsidies. He also started negotiations with opposition groups, including the Confederation of Indigenous Nationalities (Conaie), which played a key role in organizing the protests.

The mayhem — which lasted from Oct. 2 until Oct. 13 — comes at a delicate time for the country’s mining industry. With the start of production at the Chinese-owned Mirador copper mine in July, and the launch of Lundin Gold’s (TSX: LUG) Fruta del Norte gold mine, currently in the commissioning stage, large-scale modern mining has finally arrived in Ecuador.

Their success has attracted juniors as well as some of the world’s largest companies, including Anglo American (LON: AAL), BHP Group (LON: BHP) and Chile’s Codelco.

But anti-mining sentiment has been building in some parts of the country, with local politicians organizing referendums on whether to allow mining in the southern province of Azuay and Imbabura in the north.

The government has questioned the legitimacy of such votes, noting that mining is the prerogative of the national government. In September, the Constitutional Court refused to hear applications for a referendum against INV Metals’ (TSX: INV) 2.6 million oz. Loma Larga gold project on similar grounds.

But communities are not concerned by such legal technicalities.

Despite the growing tension, mining was not a central issue for most protesters. But the industry, often located in remote parts of the country, can find itself exposed.

In southern Ecuador, a group toting high-calibre firearms broke into Ecuagoldmining’s Rio Blanco mine camp and set fire to buildings and equipment, leaving it a smoking ruin.

“We hope that this time the authorities act with the full force of the law, and these acts of vandalism do

“THIS HAS CHANGED THE WAY I LOOK AT ECUADOR.” RON HOCHSTEIN PRESIDENT AND CEO, LUNDIN GOLD

not go unpunished,” the Chineseowned company stated on Oct. 4.

So far the attack on Rio Blanco appears to have been an isolated event.

Still, companies were not taking chances.

Lundin Gold and SolGold (TSX: SOLG) ordered staff based in Quito to stay at home and delayed shift changes at their operations in the provinces, as major roads were blockaded.

Stocks of food and fuel at the Fruta del Norte mine, currently in commissioning, allowed most operations to continue throughout the unrest.

As a result, Lundin says it is on track to pour first gold by year-end.

“But if protests had gone on much longer, we would have been forced to shut down mining activity,” president and CEO Ron Hochstein told The Northern Miner.

Ecuadorians seem keen to put the turmoil behind them and get back to normal life.

Both individuals and companies in Quito took a day off work on Oct. 14 to clean up rubble-filled streets and graffiti-strewn walls. Children returned to school on Oct. 15, after 10 days at home.

All eyes are now on negotiations between the government and opposition groups on a new economic package to resolve the impasse.

Although Conaie is strongly antimining, for now, talks look likely to focus on the economic issues, such as government spending and subsidies, Andres Ycaza, a mining lawyer, told The Northern Miner.

Given the government’s financial straits, President Moreno is unlikely to do anything to restrict mining.

Key to his US$4.2-billion financing agreement with the International

Miners face ‘tsunami’ PANEL From 1

Gill highlights the discrepancy between financial reporting, which relies on established, stringent standards such as the Generally Accepted Accounting Principles, and the “alphabet soup” of ESG standards, from which “people are starting to cherry-pick.”

Raziel Zisman, cofounder and partner at Whittle Consulting, says the mining industry needs to move away from piecemeal corporate social responsibility (CSR) initiatives and involve all stakeholders, including government and regulators, to achieve a more holistic development.

“I don’t like the term CSR,” he says. “CSR is a way of sprinkling solutions, like ant repellent ... this is the wrong way of looking at things.”

Zisman says trust is key, echoing a word repeated throughout the daylong event at the MaRS Discovery District. “The public at large does not trust us to deliver information.

They just don’t.”

Miranda Werstiuk, vice-president of corporate advisory services at Optimize Group, shared a story about a cash-strapped junior now

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producing gold in Colombia that spent time before exploration and development to engage stakeholders. “They built those relationships and they built trust out of the gate.”

Too often mining CEOs think they just need to tell their story better, without taking an honest look at their impacts and operations, Gill says.

“We have great disclosure, great ad campaigns, everybody has a great corporate video,” he says. “But where are our friends? Why aren’t our friends speaking out? And if our closest friends, the folks who are supposed to be getting all the benefits of mining, are not willing to stand up for us, then are we really delivering the benefits to them?”

Mueller says that corporate boards must push to integrate ESG with a strategy, and get active outside the boardroom. “Who do we talk to when we go to site? We talk to operations people, technical people.

We don’t go and spend time talking to other stakeholders.”

Mining companies also need to spend more time considering their corporate values and missions instead of relying on consultants to

cook up boilerplate statements. “We present ourselves as being all the same,” which leads to professed values that are “not being lived,” she says.

During the audience questionand-answer portion of the event Baljir Baatartogtokh, equity research associate at Haywood Securities, took the opportunity to ask the panel some tough questions.

“What do you tell people in the communities when you’re going to be digging up a huge hole in the ground … to get a gram per tonne?” she says. “Maybe we need base metals to have a civilized life, but what do we tell people when you’re a gold company … do we really need gold companies? Is ESG in the mining industry an oxymoron?”

“As a rule of thumb, tell them the truth. Be frank. Be blunt,” Zisman responds. “If they have a point that is valid, address it seriously with respect.”

Whether it’s gold or base metals, Zisman says, “mining converts natural capital into human capital.

Your legacy in that region is a generation of kids that grow up [with more opportunities].” TNM

Protesters in Ecuador in October 2019. VOICE OF AMERICA

Monetary Fund is a commitment to attract more foreign investment, and with oil prices falling, mining looks like Ecuador’s best chance.

Still, the recent violence has given many a pause.

“This has changed the way I look at Ecuador,” admits Lundin’s Hochstein, who has lived in Quito for the past four years.

The sight of the army on Quito’s streets and a mining project up in flames have shaken investor faith in what had been one of South America’s most promising mining frontiers.

“I haven’t really got off the phone to investors for the past two weeks,” said Anna Legge, SolGold’s director of communications.

Shares in some mining companies in Ecuador have fallen since the start of October.

SolGold’s share price fell as much as 23%, but has since recovered the October losses, and at press time was trading at 38¢ per share.

For now, while some retail investors have sold up, most institutional investors are sitting tight.

“It takes them longer to become comfortable with a country, but once they are in, they are invested for the long-term … they understand that this is an emerging market, and this is just a bump in the road,” Legge said.

Others may see an opportunity in the sell-off. A week after the protests ended, Dundee Precious Metals (TSX: DPM) acquired a 19.5% stake in INV Metals for $10 million.

Many hope that with the turmoil over, the country’s many qualities will again come to the fore.

“The recent situation is of concern, but once the situation returns to normal, we remain firmly of the view that Ecuador is a great place to invest and has much to gain by welcoming foreign investment,” David Larenas, vice-president of the Ecuadorean Chamber of Mines, told The Northern Miner. TNM

2019-10-22 6:57 PM

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Cratering demand signals more trouble in coal country EDITORIAL

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| Wildcat mine to be shuttered

T

he shift from coal to cheaper and cleaner fuel sources like natural gas and renewables claimed another victim in the U.S. last week.

Peabody Energy said it will close its Wildcat Hills coal mine and nearby Willow Lake processing facility in southern Illinois before year-end

BY TRISH SAYWELL due to “uneconomic mining conditions.” tsaywell@northernminer.com The announcement — which affects 225 workers — followed news in September that Peabody ended cash tender offers to buy back debt, due to poor market conditions. In June, the pure-play coal company signed a deal with Arch Coal to combine the companies’ assets in the Powder River basin and Colorado into a joint venture to save costs and strengthen their competitiveness against natural gas and renewables.

More cutbacks and layoffs are likely, particularly in the Powder River basin of Wyoming and Montana. “We expect that at least a few Powder River basin mines will close in the early 2020s,” Moody’s Investor Services commented in an Oct. 16 research note.

Peabody’s troubles certainly didn’t begin this year. The company filed for bankruptcy in 2016, and billions of dollars in debt were scrubbed from its balance sheet before it came out of court protection in 2017.

Three other big U.S. coal producers also filed for bankruptcy between 2015 and 2016 — Alpha Natural Resources, Arch Coal and Patriot Coal.

The wave of Chapter 11 filings seems to be picking up as coal consumption falls, and coal-fired power plants go offline.

Five coal companies have filed for bankruptcy already this year (Blackhawk Mining, Blackjewel, Cambrian Holding Co., Cloud Peak Energy and New Trinity Coal), while Mission Coal and Westmoreland Coal went bust in October 2018.

In August, Moody’s forecast profitability in the coal sector will worsen over the next 12 to 18 months. “A confluence of economic, environmental and social factors also increase our concerns about the industry’s longerterm demand prospects, as pressure on the industry is mounting, which makes numerous coal mines uneconomic in a reduced demand environment, especially smaller, higher-cost mines that are highly vulnerable to retirement of specific coal-fired power plants.”

The U.S. Energy Information Administration (EIA) notes that coal’s share of electricity generation in the U.S. was just 28% last year, down from 48% in 2008, and forecasts it will average 25% this year and 22% in 2020.

The “closures of coal-fired power plants already announced, plus other likely closures such as power plants more than 50 years old, would reduce coal to as little as 11% of total U.S. power generation by 2030,” Moody’s predicted in July. “This drop would represent a substantial reduction from today’s mid-20% contribution to power generation, and the continuation of an ongoing secular decline in thermal coal demand.”

Power companies in the U.S. retired more than 546 coal-fired power units between 2010 and the first quarter of 2019, or 102 gigawatts (GW) of generating capacity, and another 17 GW of coal-fired capacity is expected to be retired by 2025, EIA states. Last year plant owners retired more than 13 GW of coal-fired generation capacity — “the second-highest annual total for U.S. coal retirements in EIA’s data set.” The largest number — 15 GW — was retired in 2015.

U.S. coal consumption has fallen nearly 42% since its peak in 2005, and in 2018 fell to 687 million tons (623 million tonnes) — the fifth straight annual decline, and the lowest level since the 1970s, the EIA says.

Increased competition from natural gas (now the second-largest energy source consumed in the U.S.) and renewables (whose consumption has nearly tripled since 1950) is putting the squeeze on coal.

In April, U.S. electricity generation from renewable sources (23%) exceeded coal (20%) for the first time, according to EIA’s stats. The agency defines renewables as hydropower, wind, solar and geothermal.

While cost competitiveness has played a role in the move away from coal, so too have green-energy mandates and stronger environmental regulations, and a mounting aversion in the financial and debt markets to invest in the commodity.

At least 19 major insurers — mainly in Europe — have divested from coal, and the combined assets covered by divestment policies rose from $4 trillion in 2017 to more than $6 trillion in 2018, or from 13% to 20% of the insurance industry’s global assets, according to a report in December 2018 by the Unfriend Coal network. The group — a global coalition of non-governmental organizations including Greenpeace, Sierra Club and the Rainforest Action Group — is pressuring insurance companies to get out of the coal business.

In July, Chubb became the first major insurance company in the U.S. to stop underwriting the construction and operation of new coal-fired power plants, and said it wouldn’t sell new policies to corporations where more than 30% of revenues come from mining thermal coal.

It won’t be the last. TNM

COMPANY INDEX Anfield Energy. . . . . . . . . .

Anglo American. . . . . . . .

Avalon Advanced Materials. . . . . . . . . . . . . .

BHP Group. . . . . . . . . . . . .

Dundee Precious Metals. .

Eskay Mining. . . . . . . . . . .

Franco-Nevada. . . . . . . . . .

8 3 6 3 3 8 8

Guyana Goldfields. . . . . . .

Hecla Mining. . . . . . . . . . .

INV Metals. . . . . . . . . . . . .

Lynas Corp.. . . . . . . . . . . . .

Maverix Metals. . . . . . . . . .

Nemaska Lithium . . . . . . .

OceanaGold. . . . . . . . . . . .

Pretium Resources. . . . . . .

2 7 3 6 7 5 1 8

RNC Minerals . . . . . . . . . .

Seabridge Gold. . . . . . . . . .

Search Minerals. . . . . . . . .

Skeena Resources. . . . . . . .

Tudor Gold. . . . . . . . . . . . .

Westgold Resources. . . . . .

7 8 6 8 8 7

O P- E D Tyler Sieben: The Northern Miner Scholarship winner Young Mining Professionals (YMP) — a registered charity that donates 100% of its receipts to students — has awarded 10 scholarships this year ranging from $1,000 to $10,000 to students who are pursuing a career in the mining industry and are enrolled in mining-related programs for the 2019–2020 academic year at universities in Canada. This year’s winner of The Northern Miner’s $5,000 scholarship is Tyler Sieben, a student in his final year of mining engineering at the University of Alberta. The award is granted to a student with the best vision for the future, and the winner’s essay — which outlines the opportunities and challenges the mining industry will face over the next 50 years — is published in the newspaper.

Tyler contributes to the mining community through volunteer roles with the University of Alberta Mining Club, the Mining Industry Advisory Committee and the Canadian Mining Games. His first jobs in the industry were in Alberta, where he operated ultra-class haul trucks at Syncrude’s Mildred Lake mine, and more recently, provided engineering support to projects at Suncor’s Millennium mine, including survey volume reconciliation, technical design of mine structures (i.e., buttresses, ramps and well-pads), and providing technical support for a drone survey program.

“Mining is hard, but that’s why I chose to make a career out of it,” he tells The Northern Miner. “While others may view mining with uncertainty, I see it as an industry full of opportunity. I’m excited to utilize cutting-edge technology to tackle some of the world’s most complex deposits to provide the resources required for society to continue to flourish. While considering shareholders and community members, I aim to leave a lasting positive impression on the projects I am involved with throughout my career.”

Technology-aligned career progression ESSAY

| Automation could provide opportunities

BY TYLER SIEBEN Special to The Northern Miner

A

utomation and technology advancement in mining is a topic that excites engineers and mine stakeholders with the allure of increased efficiencies and cost savings. Examples can be seen through the implementation of autonomous equipment in mines over the previous decade. Early adopters are not only seeing productivity savings, but labour savings and lower hazard-exposure hours.

Furthermore, with technological developments such as artificial intelligence accelerating the pace of automation, the mine of the future is certainly only a few years away. Given the rate of change in the mining industry, the traditional career-development model is becoming outdated. Technologyaligned career progression is a concept intended to help workers transition from traditional jobs to knowledge- and data-driven positions. Its purpose is to provide assurance mining positions have a place in the future, and illustrate what career transitions may look like as jobs become increasingly automated.

Living in a limitless world with limited resources, the ability to mine more efficiently and safely is a welcome prospect for environmentalists and miners alike. But not everyone shares this enthusiasm. Frontline workers — including equipment operators — are often the jobs most susceptible to automation. This can cause anxiety amongst workers, especially when a company is observed experimenting with automation.

The unease can lead to opposition towards new technology by workers and community stakeholders.

An extreme comparison is the Luddite movement from 1811–

1816, where British textile workers deliberately sabotaged industrial machines because they feared the efficiency of the machines would make their craftsmanship irrelevant. Looking back, we now understand the rise of industrialism created opportunities for individuals to upskill into more meaningful roles, but at the time, this was a serious threat to workers’ livelihoods. This illustrates potential disdain for automation in the mining industry. Action now could help automation proceed as a positive experience for those involved.

Technology-aligned career progression could provide employees a career map showing the transformation of employment with technological advancement. This would assure employees their contributions are valued and that they will remain employed, despite technologically driven changes in mining. Perceived job insecurity can be addressed through efforts to transparently map the evolution of workers from current positions to positions of the future. This begins with a high-level overview of the forecasted labour force over the life-of-mine, and how it changes in correlation to technology adoption. From this overview, employment trends can be highlighted and skills can be identified for development in the workforce. Using these methods, companies could trace the career transition of a surveyor to a drone operator, or a shovel operator to a shovel planner. This improves on traditional career-mapping concepts because it takes into account transformations in technology and industry. Communication tools like this will be essential for mining companies to keep social licence as automation continues to be a concern for public stakeholders. A changing career landscape is stressful for workers who may feel like their livelihoods are at risk. However, by showing empathy and providing a way for people to participate in the future, these challenges can be mitigated. TNM

2019-10-22 6:57 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 28–NOVEMBER 10, 2019

5

Workers at Nemaska Lithium’s Whabouchi lithium project in Quebec. NEMASKA LITHIUM

Nemaska Lithium announces layoffs QUEBEC

BY BRENDA BOUW Special to The Northern Miner

N

emaska Lithium (TSX: NMX, US-OTC: NMKEF) plans to lay off 64 employees, or about half of its staff, after financing delays for its Whabouchi project in Quebec.

“This difficult decision comes after a rigorous review of the current situation and is aimed at both the optimization of current cash flow and the continuation of the project,” the company said in an Oct. 15 release.

Nemaska Lithium — which hopes to become one of the largest suppliers of lithium hydroxide, a key component in the fast-growing lithium-ion battery and energy storage market — also stated that it’s “still confident in its ability to successfully complete the project. However, the corporation cannot currently specify the precise date for closing the required financing.”

It said no definitive agreement has yet been concluded with The Pallinghurst Group, which would help it finalize the project’s implementation timeline. “In this context, the corporation is obliged to carry out a collective dismissal, as it expects that mine and plant production preparation activities will need to be slowed down pending the completion of financing,” the release states. The employment terminations will occur

| Junior struggles to optimize cash flow

until year-end, the company said.

“We have always asserted that we recruited the best talent to make this project a success. We are still deeply convinced of this, which makes this decision all the more difficult. As we cannot confirm the time line for the resumption of construction, and although negotiations with Pallinghurst are progressing well, this is the responsible decision to be made,” company president and CEO Guy Bourassa said in the statement.

Bourassa declined a request to be interviewed for this article.

Nemaska shares fell 23% on Oct. 15 — the day of the announcement — to 18¢, and ended the week at 21¢ that Friday. The stock is down 70% over the past year.

Eight Capital analyst David Talbot said in a recent note to clients that the move means the Phase 1 plant will cease operations at the end of December, “mainly due to financing delays that were previously announced on Oct. 8 (the negotiation period with Pallinghurst was extended to Dec. 31, 2019).”

Talbot, who has a “buy” recommendation and 60¢ price target on the stock, described it as “good news in terms of saving cash, but some revenue from selling material to Johnson Matthey may be foregone.”

He cited Nemaska’s release, stating the company is confident it will complete the project, and remains

“WE CONTINUE TO BE POSITIVELY INCLINED TOWARDS THE TECHNICAL ASPECTS OF THE PROJECT AND OVERALL DEMAND FOR HIGH-QUALITY LITHIUM SALTS.” ERIC ZAUNSCHERB MINING ANALYST, CANACCORD GENUITY

Nemaska Lithium’s Whabouchi lithium project. NEMASKA LITHIUM

1-8_OCT28_Main .indd 5

committed to completing the required financing.

BMO Capital Markets analyst Joel Jackson has a “market perform” recommendation on the stock, and lowered his price target to 20¢ per share from 30¢ after the announcement.

“Companies rarely downsize to greatness, in our view,” Jackson says in a note.

“NMX’s equity value seems to be slipping away and cash burn concerns appear dramatic enough to provoke NMX to lay off about half of its workforce, and close the Phase 1 pilot plant at year-end,” he wrote, referring to the company’s stock symbol.

Jackson said the layoffs will “reduce continuity at the project materially,” and occur between the Whabouchi mine site and the plant site in Shawinigan.

He also called the closure of the plant at Shawinigan “surprising,” adding that “if the Pallinghurst transaction falls through, the pilot plant will not be available to show future strategics the operation. Management believes the pilot plant ran long enough to generate meaningful metrics [and] data, and help optimize the hopefully eventual commercialsized plant.”

Given the financial shortfall for the integrated lithium hydroxide operation, Jackson said Nemaska “seems like a binary proposition relying on Pallinghurst to secure needed equity and debt financing.

However, this could prove even more punitive than originally thought — we now assume required equity at [about] 15¢ per share, versus 25¢ per share previously.”

Even if the financing comes through, Jackson says, “the key question still remains if the commercial hydroxide operation can scale [at about] 65 [times] at outlined operating expense/capital expense.”

Canaccord Genuity analyst Eric Zaunscherb lowered his target price on the stock to 25¢ from 45¢ after news of the layoffs, and kept a “speculative buy” rating on the stock.

“The reduced target price mirrors extended project time lines, as management seeks to complete project funding, as well as an increased discount rate (10% from 9%) reflecting increased uncertainty and risk,” Zaunscherb says in a note. “We continue to be positively inclined towards the technical aspects of the project and overall demand for

high-quality lithium salts, but recognize management’s challenges in getting project financing across the finish line.”

The latest corporate news “introduces considerable uncertainty to Nemaska’s time lines,” Zaunscherb says, and, as a result, Canaccord expects the commencement of the Whabouchi spodumene concentrate out to 2021 from 2020, and the Shawinigan lithium hydroxide out to 2023 from 2022.

Zaunscherb says Canaccord is modelling a Pallinghurst private placement for $200 million and a rights offering for $400 million, but at a reduced price of 20¢ from 25¢ per share, “given ongoing share price weakness.”

Canaccord has also modelled an additional equity issue for $245 million at a 10% discount to market “to close any potential funding gaps.”

Zaunscherb increased his project discount rate to 10% from 9%, “again reflecting increased risk and timing uncertainty.

“We view the technical aspects of the Whabouchi mine and concentrator and the Shawinigan electrochemical plant positively ... [and] high-quality lithium salts demand for the EV industry remains strong,” Zaunscherb says, while adding that his valuation “is highly sensitive to management success in delivering the Pallinghurst private placement, and subsequent rights and equity offerings.” TNM

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OCTOBER 28–NOVEMBER 10, 2019 / THE NORTHERN MINER

Lynas and Blue Line to build rare earths separation capacity in US SUPPLY AND DEMAND

| Project investment high in potentially long-term market

tions imposed on Chinese telecom giant, Huawei. China’s National Development and Reform Commission, the country’s top economic planner, said that China “is willing to continue supplying rare earth metals to the world markets, but it is opposed to those who use the products made with such rare earths to ‘suppress and dampen China’s development.’” China highlighted the U.S. action against Huawei in its concerns. It also pointed to issues that could provide justification of future REE export decreases, including “rapidly decreasing inventory, inefficient production and environmental pollution.”

Regardless of whether China takes steps to stop, or reduce, REE exports to the U.S. — which most analysts say is unlikely — Lynas’ separation capacity in Texas would be a welcome alternative supply. In December 2017, the Trump administration issued an executive order to streamline approval and make it easier for mining and processing projects of 23 minerals deemed “essential to American prosperity and national security,” including REEs. The Lynas–Blue Line venture is not the only U.S.-based project under development this year. The Mountain Pass rare earths mine in California emerged from care and maintenance after affiliates of JHL Capital Group and QVT Financial acquired the asset in 2017. Previous owners had invested more than US$1.5 billion establishing the facility, which included a full separations process, but had to suspend operations at the site after REE prices fell in 2014, and the mine’s owner at the time, Molycorp, filed for bankruptcy protection.

MP Materials, the joint-venture entity formed to operate the project, has since invested over US$200 million and increased the number of employees from eight to 200 to

BY DENISE HECKBERT Special to The Northern Miner

A

combination of growing demand for rare earth elements (REEs) and supply uncertainty related to the ongoing trade war between the U.S. and China has reignited project investment, with rare earth producers betting that market forces will remain sustainable over the long-term.

In May, Australia’s Lynas Corp.

(ASX: LYC; US-OTC: LYSDY), the largest producer of rare earth materials outside of China, and Blue Line, a U.S.-based processor of rare earth products, signed a memorandum of understanding to develop rare earths separation capacity in Texas.

The project would focus on medium to heavy REEs used in permanent magnets, catalysts, batteries and electronics, providing much needed separation capacity outside China.

The joint venture would be the only large-scale producer of separated medium and heavy rare earths products in the world outside of China, the companies say.

Chinese mines produced 70% of total REE ore in 2018, according to the U.S. Geological Survey, but China controls nearly all refining and processing capacity in the world, giving it greater access to the supply of usable REEs. “This is an exciting opportunity to develop local separation capacity for our customers in the U.S. and to close a critical supply chain gap for U.S. manufacturers,” Amanda Lacaze, Lynas’ CEO and managing director, said in a press release announcing the joint venture.

Lynas and Blue Line’s announcement came the same month that China warned the U.S. of possible disruptions to the supply of processed REEs, in retaliation for U.S. tariffs on Chinese goods and restric-

“THIS IS AN EXCITING OPPORTUNITY TO DEVELOP LOCAL SEPARATION CAPACITY FOR OUR CUSTOMERS IN THE U.S. AND TO CLOSE A CRITICAL SUPPLY CHAIN GAP FOR U.S. MANUFACTURERS.” AMANDA LACAZE CEO AND MANAGING DIRECTOR, LYNAS CORP.

get Mountain Pass underway again, including reworking the separations facility. Co-chair of MP Materials, Jim Litinsky, said in a June 2019 company video that the Mountain Pass mine sends 100% of its mined REE ore to China for processing, but that it expects “sometime next year we will be a separated rare earths producer,” when the separation facilities enter production.

Litinsky said that Mountain Pass is profitable right now — despite a 25% Chinese tariff on REE ore imports — because its ore is concentrated and does not have the radioactive element issues that other REE deposits must address. However, it would be better to avoid the tariffs altogether.

The radioactive environmental impact from REE separation operations can be challenging and also impact supply. REEs are rare, not because they are hard to find, but because they tend to bond tightly with other elements. This is problematic when those other elements are radioactive, such as uranium and thorium. These elements get caught up in wastewater during processing and can contaminate surrounding environments.

China has tried to address environmental issues by cracking down on illegal and small-scale REE mining operations. Roskill, which monitors the REE market, said in its 2019 “Rare earths outlook” report that China has cut illegal production

almost in half since 2016.

At the same time, requirements imposed by Malaysian regulators related to the radioactive waste at Lynas’ chemical processing plant in Kuantan drove the company to announce earlier this year that it would move its cracking and leaching operations from the Southeast Asian nation to Western Australia, where it will be closer to its highgrade mine and concentration plant at Mt. Weld.

Environmental issues aside, MP Materials and Lynas — the two largest REE producers outside China — and their hundreds of millions of dollars in REE investments are somewhat reminiscent of activity earlier this decade, when China reduced REE exports and threatened embargoes.

By the early 2000s, China was responsible for 97% of global REE production. In 2010, after Japan detained the captain of a Chinese fishing trawler during a maritime dispute, China imposed quotas on REEs, slashing exports nearly 40% — which sent prices soaring.

This led to a flurry of REE investment outside of China before tensions eased. China eventually removed the limits, returning exports and prices to normal levels. The resulting price decrease in 2014 led to several bankruptcies. Mountain Pass was put on care and maintenance, and major development

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projects in other areas of the world were put on hold.

Avalon Advanced Materials (TSX: AVL) was one such victim.

In 2014, it suspended its planned Nechalacho project in Canada’s Northwest Territories, where it cites a “dramatic decline in REE prices.”

Avalon restarted development work in 2018 when prices revived, and is now moving ahead with scoping and permitting work at the project.

In January 2019, it signed a deal with Australian private company, Cheetah Resources Pty Ltd., under which Cheetah took ownership of the near-surface, light-REE resources in two areas of the Nechalacho project for $5 million. The deal lets Avalon focus on heavy REEs while managing work programs on-site for Cheetah’s asset, for which it has a 3% royalty.

Fellow Canadian developer Search Minerals (TSXV: SMY) is also investing in its Deep Fox and Foxtrot properties in Labrador, where it plans to permit next year with a view to build in 2021, according to its March 2019 investor presentation.

These are just two of several development projects underway outside China. This could be good news for global supply, but it could also mean another short-term boom leading to suspended operations and bankrupt developers once tensions between China and the U.S. ease. MP Materials and Lynas, among others, say this time is different.

“Ten years ago, Molycorp, that was hot air,” based on a promise of future demand and a short-term price strike, MP Materials’ Litinsky said in his video. “[This time] we have a real demand change that will unfold over the next decade that I think will make this cycle much more sustainable.” However, he noted it would be hard to compete with China’s lower costs.

Roskill, a U.K. consulting firm, has indicated the demand increase needed to sustain development will be there, as REE producers hope. In its 2019 outlook, Roskill forecast that REE demand could grow 5% this year. At the same time, some of the elements may enter supply deficits due to China’s crackdown on illegal domestic production. However, some of that could be offset by recycling magnets from wind turbines, which are large, high-quality sources of REEs. Frost and Sullivan, another market analysis firm, forecasts that electric vehicle demand and infrastructure development will see the REE market grow as much as 7% annually from 2018 to 2025.

The 17 REEs clustered near the bottom of the periodic table are becoming increasingly important due to increased adoption of everything from smartphones to wind power. REEs are critical for the magnets used in wind turbines and the batteries in electric vehicles and smartphones, which together consume one-third of all REEs. Other uses include fuel cracking and other catalysts, glass polishing, and alloys. TNM

2019-10-22 6:57 PM

GLOBAL MINING NEWS

THE NORTHERN MINER / OCTOBER 28–NOVEMBER 10, 2019

7

Overburden stripping at the Baloo pit at RNC Minerals’ Higginsville gold mine in Western Australia. RNC MINERALS

RNC bets Higginsville mill, mines worth cost of dilution AUSTRALIA

| Miner working towards publishing Beta Hunt reserves and production guidance

BY BRIAN SYLVESTER

R

Special to The Northern Miner

NC Minerals (TSX: RNX; US-OTC: RNKLF) chairman and CEO Paul Huet is like the hockey coach who takes over mid-season because the team is underperforming.

The Toronto-based company brought Huet in as chairman of the board in February to try and turn around RNC’s high-cost operations at its Beta Hunt nickel mine in Australia, and pinpoint the extensions of the mine’s high-grade gold mineralization. He was also tasked with lowering or eliminating the mine’s punishing royalties.

It wouldn’t be the first time Huet went behind the bench. When he joined Klondex Mines in 2012, the company had negative working capital and a single exploration asset: the Fire Creek gold project, 100 km southwest of Elko, Nevada.

Within six years, Klondex sold Fire Creek to Hecla Mining (NYSE: HL) for US$462 million in a cash-andshare deal.

His first big move at Klondex was to raise more than $100 million to buy the Midas mine and mill for $83 million — more than Klondex’s market capitalization at the time. With the remaining cash, he cleared some debt, drilled off more high-grade gold, and boosted production at lower costs.

Now at RNC, Huet is calling the shots from a similar playbook.

On June 11, the company announced that it had bought the Higginsville mill and gold operations from Westgold Resources (ASX: WGX) for A$25 million (US$16.84 million) in cash and 56.9 million shares, which were worth $28.4 million (US$21.4 million) at the time. The mill was built in 2009 for A$100 million (US$67.40 million).

The cash portion of the deal was funded via a 12-month, seniorsecured, $35-million debt facility (the loan can be extended another six months).

RNC ran one toll-milling campaign in 2018 at the 3,800-tonne-perday Higginsville mill, 50 km from Beta Hunt. In fact, the company used several toll-milling facilities in the Kambalda area before acquiring the Higginsville mill. Toll milling costs averaged between A$45 and A$50 (US$30.30 and $33.68) per tonne.

Since the acquisition, Beta Hunt’s cost per tonne has dropped to A$29 (US$19.53), and speaking at a recent Red Cloud Securities conference in Toronto, Huet said he hopes he can

1-8_OCT28_Main .indd 7

The first gold doré bar from RNC Minerals’ Higginsville gold mill. RNC MINERALS

get this down to A$25 (US$16.84) per tonne.

Huet said the plan is to further lower costs by teaming up with other mining companies to buy in bulk from vendors, limit turnover in mining personnel, and reduce or eliminate royalties.

Maverix Metals (TSXV: MMX) owns two legacy net smelter return royalties (NSR) on Beta Hunt’s gold property totalling 7.5%. The Western Australia state government also has a 2.5% royalty on recovered gold from the mine.

At the Higginsville assets, which include the Baloo open-pit mine, Morgan Stanley owns a 1.75% NSR. Huet said he has “opened discussions” with Morgan Stanley about doing away with the royalty.

Huet said he aims to cut all-in sustaining costs (AISCs) at Beta Hunt from US$1,286 per oz. during the first half of 2019 to below US$1,000 per ounce.

He’s also focusing his efforts on exploration at Beta Hunt, where more than 40,000 metres of drilling this year has largely failed to find the extensions of the high-grade gold mineralization. Beta Hunt has measured and indicated resources of 944,000 oz. gold at an average grade of 2.9 grams gold per tonne.

RNC reported yet another highgrade “jewellery box” of coarse gold at Beta Hunt in September. About 1,750 oz. gold in 0.5 tonnes was recovered 160 meters south and 25 meters below the company’s famous Father’s Day vein discovery in the third quarter of 2018.

The Father’s Day discovery was made on Level 15, and one 167-tonne cut contained a mind-boggling 5,000 grams gold per tonne.

About 30,000 oz. have been mined

from the Father’s Day vein since then. With these ounces, RNC paid off its debts at the time, including money owing to Pala Investments, run by Russian oligarch Vladimir Iorich.

Much of the cash came from selling the gold-bearing rock specimens to collectors, which Huet also did at Klondex on at least eight occasions with specimens from Fire Creek.

Huet said the practice will likely stop now that RNC is no longer toll milling.

Beta Hunt is located in the central portion of the Norseman–Wiluna greenstone belt in a sequence of mafic-ultramafic and felsic rocks on the southwest flank of the Kambalda Dome. Gold mineralization occurs in the Lunnon basalt, at the footwall to the nickel-bearing ultramafics, which is characterized by intense albite, carbonate and chlorite alteration.

“Everything [at Beta Hunt] is locally faulted, so trying to drill this off and see where the intersection is between a 1-metre thick horizon and another 1-metre thick fault structure is not so easy,” newsletter writer John Kaiser told The Northern Miner in a phone interview in early October.

In a note dated Sept. 25, Red Cloud Securities mining analyst Derek Macpherson wrote: “Beta Hunt is likely to continue yielding similar spectacular high-grade zones. However, RNC must demonstrate it can be a profitable producer based on the current resource (excluding these higher-grade “jewellery boxes”) before the market will reward them for the additional upside.”

Huet agrees. “The plan is squarely focused on making sure that we can mine [Beta Hunt] economically at the average grade,” Huet said during

his presentation at the recent Red Cloud conference. “This is critical.”

Huet made some promises, too.

RNC will conduct further drilling to convert current resources to proven and probable reserves, with the first numbers expected before year-end.

The company will also provide the market with production guidance numbers beginning in 2020, and it will put two years’ worth of mill feed on-site at the Higginsville mill.

In July, Huet replaced the company’s CEO, Mark Selby, who resigned. Selby did not return requests for comment.

So far Beta Hunt seems to be operating well. Production reached 7,800 oz. gold in July, 8,100 oz. in August and 8,239 oz. in September for a total of 24,139 oz. gold — an increase from the 14,000 oz. gold the mine produced in the first half of the year.

At the same time, small quantities of nickel are being mined and work has begun on a review of the mine’s existing nickel resources and potential targets, with the objective of providing more by-product revenue, the company says. In September, the company issued a press release that noted high-grade nickel mineralization from historic drilling above the Western Flanks gold mineral resource.

In other news, RNC announced in August that mining is underway at its Baloo Stage 1 pit. The fully funded and permitted Stage 1 pit could supply the Higginsville mill with 30,000 tonnes per month until the end of 2019. The Stage 1 pit is the first of a series of pits RNC wants to put into production at Baloo. The Stage 2 permit is currently underway.

In mid-October, RNC provided guidance for the second half of 2019,

forecasting production of 42,000 to 49,000 oz. gold at AISCs of US$1,150 to US$1,250 per ounce.

In addition to Beta Hunt, RNC also owns the development-stage Dumont nickel-cobalt project in the western Abitibi region of Quebec.

A recent updated feasibility study says that Dumont has an after-tax net present value of US$920 million.

The first phase of development would see a nickel-in-concentrate produced at a rate of 33,000 tonnes annually, ramping up to 50,000 tonnes in the second phase. Total production is expected to be 2.6 billion lb. nickel over 30 years at life-of-mine cash costs of $3.22 per lb., and AISCs of $3.80 per pound.

“We think (Dumont) is a great asset and nickel has had a good run,” Huet said during the Red Cloud event. “We’re quite excited about it, but there is no urgency for us to sell off Dumont. We should take our time and do what’s best for shareholders … we don’t control that asset.”

RNC, as manager, owns 28% of Dumont through a joint venture with Arpent Inc., a subsidiary of Waterton Precious Metals Fund II Cayman LP and Waterton Mining Parallel Fund Offshore Master LP. In March RNC raised $12 million in a bought-deal financing and went back to the market in August to raise another $18.5 million in a bought-deal.

The company now has 605.9 million shares outstanding — and some shareholders have questioned the amount of dilution.

“Nobody likes any dilution. Not me either. I participated in the financing. I take a lot of my personal net worth into this company in shares,” Huet told a shareholder at the conference. “In this case I believe the dilution was necessary and accretive.”

Other RNC shareholders include Eric Sprott, with 8.8%; Van Eck Associates, with 5%; and Westgold Resources, with 10%.

In a conversation after the Red Cloud event, The Northern Miner asked Huet if he might repeat the success he had with Klondex Mines.

He quickly replied: “I better.”

Spoken like a true hockey coach.

RNC trades in a 52-week range of 33¢ to 91¢ per share, and at press time traded at 35¢.

Pierre Vaillancourt, an analyst who covers RNC for Haywood Securities, has a 12-month target price of 80¢ per share. Matthew O’Keefe of Cantor Fitzgerald has a one-year target price of $1 per share. TNM

2019-10-22 6:57 PM

8

WWW.NORTHERNMINER.COM

OCTOBER 28–NOVEMBER 10, 2019 / THE NORTHERN MINER

Pretium’s Brucejack nets ‘steady cash flow’ GOLD

BY BRIAN SYLVESTER

I

Special to The Northern MIner

n 2011, Pretium Resources (TSX: PVG; NYSE: PVG) shares skyrocketed on some of the most extraordinary gold and silver grades ever reported in B.C.’s Golden Triangle. An early assay from the company’s Brucejack project, 1,000 km north of Vancouver, returned an eye-watering 41,582 grams gold per tonne.

But in late 2012, doubt started to take hold about the continuity of those grades, when an early resource estimate was criticized for smoothing out the grades in the nuggety Valley of the Kings deposit.

Australian firm Snowden Mining Industry Consultants updated its resource estimate at Brucejack in 2013, and AMC Mining Consultants defined a probable reserve of 6.6 million oz. gold in 15.1 million tonnes grading 13.6 grams gold.

A feasibility study done the same year by Vancouver-based consulting and engineering firm Tetra Tech showed potential to mine 321,500 oz. gold annually over a 22-year mine life, starting in 2016.

Still, Snowden recommended that Pretium conduct a bulk-sample program to confirm the grade.

Then-CEO Robert Quartermain and the management team tried to assuage concerns about grade continuity by hiring Strathcona Mineral Services to conduct the bulk-sample program. The Canadian firm had discovered the flaws in Bre-X’s infamous Busang project.

Strathcona’s report was expected to reconcile the assay results from its bulk-sample program against the resource estimate prepared

by Snowden, which was based on exploration drilling at Brucejack.

On Oct. 8, 2013, Strathcona walked away from the project with limited, preliminary assay results

| Miner repurchases 100% of its offtake agreement

from its sample tower program — which sampled portions of the 10,000-tonne bulk sample, and questioned the 22-year mine life determined by Tetra Tech. In a Pretium news release, Strathcona was quoted as saying that “there are no valid gold mineral resources for the VOK Zone, and without mineral resources there can be no mineral reserves, and without mineral reserves there can be no basis for a feasibility study.”

Pretium’s shares cratered from a high of $17.92 on March 3, 2012, to $3.26 in November 2013, a month after Strathcona walked away from the project.

Snowden stood by its numbers.

Mill results for the 10,000-tonne bulk sample returned 5,865 oz., which validated Snowden’s mineral resource estimate. It was clear that Brucejack would become a mine.

A June 2014 technical report by Tetra Tech put the reserve grade at 16.5 million tonnes grading 14.1 grams gold.

Brucejack started commercial production on July 1, 2017. But by late 2018, the quantity of gold the mine was churning out fell short of Tetra Tech’s production models.

Earlier this year, Pretium announced an updated life-of-mine plan for producing 3,800 tonnes per day (a 40% increase from the previous mine plan), with Brucejack’s 16-million-tonne reserves grading 12.6 grams gold, and a 14-year mine life.

Despite the setbacks, Brucejack is still one of the highest-grade gold mines in the world, and Pretium has turned a profit every quarter since graduating to commercial production. Pretium has generated US$359 million in cash flow — a number no other mid-tier gold producer can match over the same period.

Through the first half of 2019, Pretium posted US$33.5 million

in adjusted earnings, or US18¢ per share, and US$81.1 million in cash flow.

The market has rewarded the company with a $3-billion market cap.

“It feels great to be in production and generating steady cash flow,” Pretium’s president, Joseph Ovsenek, wrote in an email to The Northern Miner after a recent presentation at a Red Cloud Securities conference in Toronto.

“We don’t look behind. Instead, we focus on continuing to refine operations at Brucejack and building the company.”

Ovsenek replaced Quartermain as CEO in January 2017. Quartermain is set to retire as executive chairman at year-end.

In September, Pret iu m a nnounced that with its “robust cash flow,” the company has repurchased all of its gold offtake agreement.

During his presentation at the Red Cloud Securities conference, Ovsenek said the company is also “looking to be clear of our debt sometime in 2021, depending on gold prices.” (Pretium still owes US$415 million in bank loans, which are due in December 2022.)

Ovsenek told The Northern Miner that Pretium would consider buying back a 1.2% royalty on gold and silver to Franco-Nevada (TSX: FNV; NYSE: FNV), but there is “no right to repurchase.”

In the meantime, Pretium is focused on ramping up production and lowering costs.

This year, Brucejack is expected to average 3,500 tonnes per day at an average head grade of 10.4 grams gold. The mine is permitted for a 3,800-tonne daily production.

All-in sustaining costs (AISCs) in the first half of 2019 came in at US$905 per oz. gold, but Ovsenek said this would improve in the coming months.

“As production picks up through the second half of the year, and we keep a sharp focus on costs, we expect our all-in sustaining costs [for 2019] to be in the range of US$775 to US$875 per oz. gold sold,” Ovsenek said.

The mining executive also confirmed that the mine’s AISCs should fall to an average of US$535 per oz. over the next eight years.

The Valley of the Kings deposit has proven and probable reserves of 13.1 million tonnes grading 13.8 grams gold per tonne and 10.7 grams silver. The West Zone deposit has proven and probable reserves of 2.9 million tonnes grading 6.9 grams gold per tonne and 279 grams silver.

But the company’s geologists are looking for more, and results from deep underground exploration drilling this year have confirmed the potential to find a porphyry deposit at depth.

One promising 1,677-metre hole drilled under Brucejack’s Valley of the Kings deposit to the northeast intersected two zones of anomalous copper and molybdenum mineralization at depth.

Hole 2019, drilled 85 degrees from the 1,130-metre level in the Valley of the Kings underground development, contained visible gold at 270 metres and 690 metres downhole, including 6.21 grams gold per tonne intersected over 3 metres.

The hole was drilled in an area uninformed by previous drilling, suggesting there could be an extension of Brucejack-style mineralization at depth below the mine, the company says.

The company has budgeted $10 million for grassroots exploration this year and expects to spend the same amount in 2020, unless something jumps off the page.

“We have an extensive land package — one of the largest in the Golden Triangle — and it makes

good sense to explore for another mine on the land we have the rights to,” Ovsenek told The Northern Miner. “If we continue to see success like we already reported from our A6 prospect, located about 14 km northeast of the Brucejack mine, I could see us increasing our budget to advance those high-priority targets.”

At the A6 Zone, the company is drill testing an area in the Iskut River formation that hosts the same stratigraphy as Skeena Resources’ (TSXV: SKE) Eskay Creek property, where the past-producing Eskay Creek mine once was.

Hole 38 in the zone intersected high-grade silver plus copper mineralization, with a 2-metre intercept of 0.95 gram gold, 2,890 grams silver and 1.81% copper.

When asked if Pretium plans to expand via acquisition, Ovsenek was noncommittal. “It depends on the circumstances. If an acquisition opportunity was available that complemented Brucejack we would take a hard look, but it would have to satisfy our requirements for return on invested capital,” he said.

Pretium’s land package is bordered to the west by Seabridge Gold’s (TSX: SEA; NYSE: SA) massive KSM copper-gold project and Skeena’s Eskay Creek property, as well as Eskay Mining (TSXV: ESK) claims; to the northeast by Tudor Gold’s (TSXV: TUD) Treaty Creek gold project; and to the north again

by Seabridge.

Pretium has 185 million shares outstanding and trades in a 52-week range of $8.85 to $18.30 per share. At press time it was trading at $16.28.

As of Sept. 5, BMO Capital Markets’ analyst Andrew Kaip had an “outperform” rating and a 12-month target price of $24 per share, while Anita Soni of CIBC had a 12-month target price of $18 and a “neutral” rating as of Sept. 18. TNM

Anfield tables PEA for Charlie uranium project WYOMING

BY JEAN LIAN

A

jlian@northernminer.com

preliminary economic assessment (PEA) of Anfield Energy’s (TSXV: AEC; USOTC: ANLDF) Charlie uranium project in Wyoming’s Pumpkin Buttes uranium district outlines a low-capital-expense, in-situ recovery (ISR) mine with a seven-year life.

The PEA forecasts US$6.7 million in initial capex during a two-year preproduction period. The first year’s US$1.7-million capex includes mine permitting, along with wellfield delineation and a US$450,000 contingency. The second year’s capex, forecasted at US$5 million, includes further permitting, well installation, header-house construction and trunk-line construction.

“The cost to get into production is very low,” Anfield’s CEO Corey Dias says in an interview on the sidelines of Red Cloud’s recent mining showcase in Toronto.

Dias attributes the project’s low capital requirements to the ISR method and Anfield’s existing agreement with Uranium One, which allows processing up to 500,000 lb. uranium per year at the company’s adjacent Willow Creek ISR mine.

Mined material from Charlie will be sent to Uranium One’s Christensen Ranch ion-exchange facility for initial processing, and the resulting resin will be shipped to Willow Creek’s Irigaray central processing plant for final processing.

1-8_OCT28_Main .indd 8

| U.S. Nuclear Fuel Working Group could expand domestic uranium production The project is expected to produce an average of 297,400 lb. uranium annually. Total life-of-mine operating costs are an estimated US$23.09 per lb. uranium.

The after-tax net present value ranges between US$7 million and US$21.7 million at an 8% discount rate, while the after-tax internal rate of return hovers between 35% and 67%. The projections are based on uranium prices ranging from US$55 to US$75 per pound. The spot price for uranium at press time was US$25.70 per pound.

Dias says that uranium spot prices, which are lower than long-term prices, have little relevance economically, and notes most uranium sales are negotiated in long-term contracts that span five to 10 years.

“Those contracts are not as visible in the marketplace, but they tend to be a higher price than the spot price,” he says.

Charlie, which Dias says can reach production in two years, has indicated resources of 1.26 million tonnes grading 0.12% uranium oxide (U3O8) for 3.1 million lb. U3O8 . Inferred resources add 411,000 tonnes grading 0.12% U3 O 8 for 988,000 lb. U3O8 .

Charlie will help start a pipeline of 24 uranium projects that Anfield owns in six mining and exploration regions in Wyoming: Black Hills, Great Divide basin, Laramie basin, Powder River basin, Shirley basin and Wind River basin.

“We create this pipeline ... so we

will have 20 years of production life amongst these projects, or more,” Dias says. “We are going to be focusing on project financing for Charlie, and then creating resources and economics for a handful of other projects.”

Dias is confident that the company can secure financing for Charlie.

“Given how low the cost is to get into production, we can secure that relatively easily,” he says. “Any project that can be done using an ISR method — the upfront costs tend to be cheaper.”

In May, Anfield closed the second tranche of a non-brokered private placement that raised $3.67 million through the sale of 18.4 million units at 20¢ per unit. Each unit consists of one common share and one common share-purchase warrant that entitles the holder to buy another common share at 30¢ for three years. The second tranche saw the placement of 4.6 million units and the first tranche, which closed in April, placed 13.8 million units.

Proceeds from the private placement will help develop the Charlie project, and contribute to property costs and general working capital.

Anfield acquired the Charlie project in March along with nine past-producing uranium and vanadium properties in Colorado — collectively known as the West Slope project — from Cotter Corp., a subsidiary of General Atomics, a defence technology company in San Diego. Cotter, which received

11 million of Anfield’s common shares as part of the transaction, owns 19.9% of Anfield.

Exploration drilling at Charlie by previous owners has resulted in a database of more than 1,300 drill holes, as well as several hydrological, analytical and mineralogical reports. Previous reports show that the uranium mineralization underlying Charlie is narrow and has multiple, sinuous roll fronts.

Roll-front deposits are formed when oxidized, uranium-bearing groundwater meets a redox boundary to create a crescent-shaped orebody.

Derek Macpherson, vice-president of research with Red Cloud Securities, said in a Sept. 25 research note that he expects Charlie will be one of the first U.S.-based projects built when the uranium price starts to rise.

After Anfield’s PEA release, Macpherson lowered his target price on Anfield from 40¢ per share to 30¢ per share, due to higher-thanexpected capital and operating costs.

“Our prior estimates were based on similar ISR projects’ underestimated sustaining capital and operating costs. We have updated our estimates to reflect the PEA, with the most notable change being a 36% increase in operating costs and a 16% hike in sustaining capital,” Macpherson says.

Production at Charlie, which is expected in 2023, resulted in a 25% decrease to Macpherson’s estimate of Anfield’s net asset value per share to 41¢ — down from his previous

56¢ estimate, based on a one-year construction period.

Dias says uranium is an important part of the energy mix both in the U.S. and worldwide. “You look at what happens in China. China is moving away from coal because the pollution is ridiculous, so they need to have another source. That is why they are turning to nuclear, because it is clean. The greenhouse gases are minimal.”

The United States Nuclear Fuel Working Group could be a positive catalyst for Anfield to re-rate and outperform if the working group delivers a recommendation that is favourable to uranium miners in the States, he adds.

U.S. President Donald Trump created the U.S. Nuclear Fuel Working Group in July to revive and expand domestic nuclear fuel supply and production, after a Section 232 petition by the U.S. Department of Commerce highlighted challenges that the industry faces in producing uranium domestically.

The Section 232 petition recommends that Washington take measures to protect domestic uranium production. The U.S. currently imports most of its uranium from Canada, Kazakhstan, Australia and Russia.

At press time, Anfield’s shares traded at 10.5¢ per share within a 52-week range of 9.5¢ to 44¢. The company has 82 million common shares outstanding for an $8.6-million market capitalization. TNM

2019-10-22 6:57 PM

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OCTOBER 28–NOVEMBER 10, 2019 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / OCTOBER 15–18 The S&P/TSX Composite Index fell 0.23% to 16,377.10. The S&P/TSX Global Mining Index lost 1.29% to 73.48 and the S&P/ TSX Global Base Metals Index dropped 0.60% to 96.86. The S&P/TSX Globa l Gold Index rose 1.71% to 210.71, and spot gold rema i ned relat ively f lat at US$1,489.60, up 80¢.

First Majestic Silver’s shares jumped $1.28 to $13.46 on t he back of t hirdquarter production results. The company reported production of 6.6 million equiva lent oz. silver — a 4% increase over the second quarter. Third-quarter production consisted of 3.4 million oz. silver, 35,791 oz. gold, 1.9 million lb. lead a nd 1 mi l lion lb. zinc. Product ion to t he end of t he t h i rd qu a r ter now totals 19.3 million equivalent oz. silver, or 77% of the company’s guidance midpoint of producing 24.4 to 26 million ounces.

Wesdome Gold Mi nes cl i mbed 67¢ t o $ 6 . 61 p e r s h a r e . T h e c o m p a n y, w h ich i s pro duc i ng gold i n Ont a r io f rom t wo m i nes, t he Eag le R iver u nderg rou nd m i ne a nd t he M ish i open pit, produced 28,910 oz . i n t he t h i rd q u a r t e r, u p f r o m 19, 7 9 5 o z . i n t h e t h i rd qua r ter of 2018.

Year-to-date production has reached

70,356 oz., and the company has raised its 2019 production guidance to a range of 88,000 to 93,000 oz. gold. Cash costs are expected to come in at US$640 per oz. and all-in sustaining costs at US$985 per ounce. The company is investing in exploration, with f ive underground drills and one surface rig at Eagle River, and f ive underground rigs at its Kiena mine.

Sha res of A la mos Gold fel l 8 4¢ to $6 .6 6 due to problems at it s K i r a z l i projec t i n Tu rkey. T he compa ny a nnou nced on Oc t . 14 t hat it had su spended a l l const r uc t ion ac t iv it ies at the project until its mining concession, which expired on Oct. 13, is renewed.

The renewal is required from the same TSX MOST ACTIVE ISSUES

First Quantum Kinross Gold B2Gold Corp Barrick Gold Yamana Gold OceanaGold Suncor Energy Nemaska Lith Lundin Mng Roxgold

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

FM 25071 11.68 9.56 11.08 + 0.89 K 18456 6.27 5.94 6.13 + 0.05 BTO 18312 4.54 4.18 4.27 - 0.04 ABX 16875 23.46 21.87 22.58 + 0.14 YRI 13954 4.47 4.20 4.43 + 0.11 OGC 12520 3.56 2.98 3.16 - 0.27 SU 12496 40.15 38.98 39.58 + 0.22 NMX 11361 0.24 0.17 0.21 - 0.03 LUN 8778 6.91 6.40 6.82 unch 0.00 ROXG 7477 1.01 0.92 0.96 + 0.04

government department that granted the operating permit for Kirazlı in March.

Alamos said given the uncertainty about the timing of the concession renewa l, “ i nit ia l produc t ion f rom K i ra zl ı has been delayed from the previous guidance of late 2020.”

Teck Resources received regulator y approval for a share buyback program involving its Class B subordinate voting

shares. Teck can buy up to 40 million of the shares between Oct. 28, 2019, and Oct. 27, 2020. During Teck’s normal course issuer bid — which started on Oct. 10, 2018, and ended Oct. 9, 2019 — Teck bought 22.47 million Class B shares on the open market at a volume-weighted average price of $28.69 per share. Teck’s shares closed at $21.62 apiece, down 52¢ during the trading week. TNM

TSX GREATEST PERCENTAGE CHANGE

Sierra Metals Condor Gold Avalon Advance SolGold plc Trilogy Mtls Amerigo Res Silver Bull Re Silver Bear Rs Goldgroup Mng Royal Nickel Yorbeau Res Ascendant Res Hut 8 Mining Mandalay Res Jaguar Mng Chalice Gold M Champion Iron Orvana Mnrls Katanga Mng Great Panther

SMT COG AVL SOLG TMQ ARG SVB SBR GGA RNX YRB ASND HUT MND JAG CXN CIA ORV KAT GPR

106 34 1618 77 101 281 571 57 197 7300 544 132 382 298 889 95 3556 261 1403 1347

1.87 0.46 0.05 0.39 2.46 0.77 0.10 0.19 0.04 0.39 0.03 0.34 2.24 1.15 0.18 0.19 2.15 0.22 0.40 0.92

1.33 0.35 0.04 0.31 2.01 0.60 0.08 0.15 0.03 0.33 0.02 0.28 1.80 0.83 0.16 0.16 1.83 0.19 0.34 0.75

1.87 0.46 0.05 0.39 2.42 0.77 0.10 0.18 0.04 0.39 0.02 0.28 1.86 0.95 0.16 0.17 1.88 0.19 0.35 0.79

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

TSX GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

AEM Agnico Eagle First Majestic FR First Quantum FM Nexa Resources NEXA Aura Minerals ORA Newmont Gdcorp NGT Wesdome Gold WDO Pretium Res PVG Eldorado Gold ELD Detour Gold DGC Nutrien NTR Labrador IOR LIF Alamos Gold AGI Endeavour Mng EDV Teck Res TECK.B Teck Res TECK.A MAG Silver MAG Hut 8 Mining HUT Kirkland Lake KL Lundin Gold LUG

35.5 31.4 25.0 23.8 19.2 18.5 17.6 16.7 16.7 14.9 20.0 17.6 17.0 15.2 13.9 13.2 12.1 11.6 11.4 11.2

VOLUME WEEK (000s) CLOSE CHANGE

3842 3488 25071 3 4 466 2703 1528 4714 3807 5079 1530 3617 905 7114 11 1845 382 4593 1184

71.13 13.46 11.08 13.76 18.99 50.36 6.61 16.25 10.35 20.50 64.27 22.92 6.66 23.22 21.62 22.05 12.77 1.86 58.79 7.44

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

2.17 1.28 0.89 0.87 0.80 0.70 0.67 0.67 0.60 0.53 2.93 1.39 0.84 0.59 0.52 0.49 0.40 0.38 0.35 0.30

TSX VENTURE EXCHANGE / OCTOBER 15–18 The S&P/TSX Composite Index rose 0.30% to 542.43 during the trading week. Spot gold finished at US$1,489.60, up 80¢.

Novo Resources jumped 33¢ to $2.80.

The company recently reported positive coarse gold recoveries from a bulk sample at its Egina project in Western Australia, and said the results “further confirm” its view that “surface gravels covering the vast erosional terrace at Egina have the potential to host a gold deposit.” Three bulk samples collected next to Trench 4 yielded 337.2 grams of coarse gold nuggets from 222.2 cubic metres of lag gravel, the company reported on Oct. 9. In addition, the bulk sample contained a single gold nugget weighing 86.3 grams, “the largest yet recovered from the 2019 field season,” the company said. Bulk sampling was undertaken across a 48-metre-wide, nugget-rich zone within a broad topographic depression, or swale, identified by ground-penetrating radar. The company says it will continue to trench and bulk sample until year-end.

Pan American Silver’s decision to participate in a $15-million, bought-deal offering to keep its 16.79% pro-rata interest in New Pacific Metals sent the junior’s shares up 29¢ to $4.59. Silvercorp Metals also said it would participate in the financing to keep its

stake in the company at 28.93%. The offering is expected to close on Oct. 25. New Pacific Metals owns the Silver Sand project in Bolivia, the Tagish Lake gold project in the Yukon, and the RZY project in Qinghai province.

A gold zone discovery at BonTerra Resources’ Moroy project, 225 km northeast of Val-d’Or, sent the junior’s shares up 21¢ to $2.33. Highlights from recently completed drilling in the new zone, called M4, returned 18.09 grams gold per tonne over 4 metres in drill hole 19-158, 18.39 grams gold over 3 metres in 19-161 and 11.09 grams gold over 11 metres in 19-166. The Moroy deposit has measured and indicated resources of 111,000 contained oz. gold within 667,000 tonnes grading 5.17 grams gold per tonne, and inferred resources of 55,000 contained TSX-V MOST ACTIVE ISSUES

Westkam Gold TVI Pacific Cobalt 27 Cap Focus Graphite Ucore Rare Mtl MAX Res PPX Mining Juggernaut Exp Barrian Mining Gratomic

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

WKG TVI KBLT FMS UCU MXR PPX JUGR BARI GRAT

7430 6533 5539 5502 5475 5309 5276 4681 3973 3916

0.01 0.01 4.51 0.03 0.12 0.05 0.05 0.30 0.25 0.03

0.01 0.01 4.35 0.02 0.10 0.02 0.05 0.01 0.18 0.02

0.01 unch 0.01 unch 4.41 - 0.02 - 0.10 - 0.02 - 0.05 unch 0.21 + 0.25 + 0.02 unch

0.00 0.00 0.07 0.01 0.02 0.03 0.00 0.06 0.06 0.00

oz. gold within 396,000 tonnes grading 4.32 grams gold.

Cobalt 27 Capital’s shareholders approved an arrangement under which Pala Investments will acquire 100% of Cobalt 27’s issued and outstanding common shares (beyond the 19% that Pala already owns). Under the deal, Cobalt 27 shareholders will receive total consideration of $5.92 per share, which

consists of $4 in cash, plus one share of Nickel 28 Capital Corp., with an implied value of $1.92 per share. Cobalt 27 holds an 8.56% joint-venture interest in the Ramu nickel and cobalt mine, and manages a portfolio of 11 royalties. Cobalt 27 also owns physical cobalt and a cobalt stream on the Voisey’s Bay mine. Shares of Cobalt 27 Capital fell 7¢ to $4.41. TNM

TSX-V GREATEST PERCENTAGE CHANGE

Eurotin Blue River Res Themac Res Namibia Crit Getty Copper Group Eleven Intl Samuel Ex CMC Metals Nordic Gold Stratabd Mnr MAX Res Pacific Silk Bold Ventures Adex Mining District Cop Fengro Industr Canada Coal Melior Res Lateral Gold Currie Rose Rs

TIN.H BXR MAC NMI GTC ZNG ISS CMB NOR SB MXR PP BOL ADE DCOP FGR CCK.H MLR TRAK CUI

244 635 39 252 43 640 505 357 377 332 5309 237 479 318 919 816 465 649 327 366

0.01 0.01 0.06 0.14 0.03 0.09 0.02 0.07 0.05 0.05 0.05 0.03 0.01 0.01 0.01 0.02 0.04 0.03 0.06 0.05

0.01 0.01 0.00 0.08 0.02 0.05 0.01 0.00 0.04 0.00 0.02 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.03 0.03

0.01 0.01 0.06 0.14 0.03 0.08 0.02 0.07 0.05 0.05 0.02 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.03 0.03

TSX-V GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

+ 100.0 + 100.0 + 71.4 + 58.8 + 50.0 + 50.0 + 50.0 + 44.4 + 42.9 + 42.9 - 60.0 - 60.0 - 50.0 - 50.0 - 50.0 - 50.0 - 42.9 - 40.0 - 37.5 - 33.3

VOLUME WEEK (000s) CLOSE CHANGE

Equinox Gold Cantex Mn Dev Abitibi Royal Novo Res Bear Creek Mng New Pac Metals BonTerra Res Great Atlantic Itafos Compass Gold Great Bear Res Garibaldi Res Canadian Prem GT Gold Westhaven Vent Lara Expl Till Capital GoldON Res K92 Mining Magna Gold

EQX CD RZZ NVO BCM NUAG BTR GR IFOS CVB GBR GGI CPS GTT WHN LRA TIL GLD KNT MGR

592 8.15 117 3.66 20 14.49 780 2.80 147 2.28 469 4.59 272 2.33 71 0.53 84 1.30 499 0.34 1571 6.26 958 1.45 69 0.75 2112 0.70 1146 1.02 97 0.49 0 1.99 54 0.35 1692 2.27 350 0.29

+ 0.70 + 0.66 + 0.49 + 0.33 + 0.31 + 0.29 + 0.21 + 0.13 + 0.10 + 0.09 - 0.24 - 0.22 - 0.18 - 0.14 - 0.12 - 0.10 - 0.09 - 0.08 - 0.08 - 0.08

U.S. MARKETS / OCTOBER 14–18 The Dow Jones Industrial Average fell 0.17% to 26,770.20, while the S&P 500 Index rose 0.54% to 2,986.20. Gold stayed relatively flat at US$1,489.60 per oz., up 0.05% for the week.

Agnico Eagle Mines gained $1.96 to $54.18 per share. The gold miner recently announced commercial production at the Amaruq satellite deposit, 50 km northwest of its Meadowbank mine in the Kivalliq district of Nunavut. Development was approved in February 2017 and the wholly owned deposit will supply ore to the Meadowbank mill, 110 km north of Baker Lake.

Shares of AngloGold Ashanti rose $1.26 to $20.84. The company updated investors on its advanced exploration projects in Colombia: Gramalote and Quebradona. The company announced that its joint-venture partner at Gramalote, B2Gold, will fund an investment and exploration program at the project next year worth $13.9 million to earn back a fifty-fifty partnership. B2Gold will also assume management of the project effective Jan. 1. B2Gold owns a 48.3% stake in the project and AngloGold owns the rest.

The companies have agreed to complete a feasibility study on Gramalote by the end of 2020. A feasibility study of its 100%-owned

10_OCT28_MarketNews.indd 10

Quebradona copper and gold project is already underway. Both projects are in Colombia’s department of Antioquia.

Newmont Goldcorp’s shares advanced 82¢ to $38.44. The company reported that its Ahafo mill expansion in Ghana achieved commercial production on schedule and within budget for US$175 million. The expansion project increases mill capacity more than 50% to nearly 10 million tonnes a year, with the addition of a crusher, grinding mill and leach tanks to the circuit. The mill expansion, combined with the Subika underground mine completion in November 2018, could lift Ahafo’s average annual gold production to between 550,000 U.S. MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

United States S* X 108868 11.75 10.28 10.72 - 0.62 Freeport McMoR* FCX 92438 9.77 9.14 9.58 + 0.03 Vale* VALE 82690 11.62 11.14 11.15 - 0.66 Cleveland-Clif* CLF 59155 7.55 6.89 6.92 - 0.70 Yamana Gold* AUY 55798 3.40 3.18 3.37 + 0.10 Barrick Gold * GOLD 53535 17.39 16.55 17.19 + 0.19 Kinross Gold* KGC 39633 4.77 4.50 4.66 + 0.06 Turquoise HIl* TRQ 39363 0.49 0.45 0.46 - 0.01 Alcoa* AA 36080 21.64 18.78 21.54 + 2.26 Coeur Mng* CDE 32403 4.93 4.28 4.87 + 0.09

and 650,000 oz. gold per year through 2024, while lowering life-of-mine processing costs.

Tom Palmer, the company’s president and CEO, said the mill expansion at Ahafo is the company’s “third profitable project delivered on schedule and within budget in 2019,” after

the Borden mine in Canada and the Tanami power project in Australia. He also noted that the mill expansion “is expected to generate an internal rate of return of more than 20% at a $1,200 gold price, while also extending profitable production at Ahafo through at least 2029.” TNM

U.S. GREATEST PERCENTAGE CHANGE

Alcoa* First Majestic* Sibanye-Stillw* Harmony Gold* Endeavr Silver* Eldorado Gold* AngloGold Ash* Nexa Resources* Pretium Res* Hecla Mining* Alamos Gold* Cleveland-Clif* Intrepid Pots* CONSOL Energy* Mosaic* Vale* United States S* Nutrien* Rio Tinto* Turquoise HIl*

AA AG SBGL HMY EXK EGO AU NEXA PVG HL AGI CLF IPI CEIX MOS VALE X NTR RIO TRQ

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

36080 21.64 18.78 21.54 + 11.7 19480 10.50 9.16 10.24 + 11.1 22546 7.06 6.13 6.91 + 10.2 21842 3.21 2.91 3.17 + 8.6 13001 2.33 2.02 2.27 + 8.1 9036 8.00 7.11 7.88 + 6.6 10484 21.01 19.56 20.84 + 6.4 1086 10.64 9.76 10.35 + 5.2 5824 12.47 11.54 12.38 + 4.9 26073 2.04 1.78 1.99 + 4.2 15626 5.66 4.97 5.07 - 10.9 59155 7.55 6.89 6.92 - 9.2 1452 3.42 3.10 3.12 - 9.0 1376 16.38 14.30 14.30 - 7.4 14119 20.62 19.48 19.55 - 5.6 82690 11.62 11.14 11.15 - 5.6 108868 11.75 10.28 10.72 - 5.5 3792 50.85 48.79 48.99 - 3.7 14859 52.24 50.42 50.95 - 3.6 39363 0.49 0.45 0.46 - 2.3

U.S. GREATEST VALUE CHANGE

Alcoa* AA Agnico Eagle* AEM AngloGold Ash* AU First Majestic* AG Newmont Gdcorp* NEM Franco-Nevada* FNV Sibanye-Stillw* SBGL PVG Pretium Res* Black Hills* BKH Nexa Resources* NEXA Nutrien* NTR Rio Tinto* RIO NACCO Ind* NC Chevron Corp* CVX Mosaic* MOS CONSOL Energy* CEIX Cleveland-Clif* CLF Vale* VALE United States S* X Alamos Gold* AGI

VOLUME WEEK (000s) CLOSE CHANGE

36080 21.54 5480 54.18 10484 20.84 19480 10.24 23977 38.44 2361 93.29 22546 6.91 5824 12.38 1595 78.67 1086 10.35 3792 48.99 14859 50.95 89 63.58 19370 114.74 14119 19.55 1376 14.30 59155 6.92 82690 11.15 108868 10.72 15626 5.07

+ 2.26 + 1.96 + 1.26 + 1.02 + 0.82 + 0.71 + 0.64 + 0.58 + 0.54 + 0.51 - 1.90 - 1.90 - 1.42 - 1.41 - 1.17 - 1.14 - 0.70 - 0.66 - 0.62 - 0.62

2019-10-22 6:58 PM

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / OCTOBER 28–NOVEMBER 10, 2019

11

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 TSX WARRANTS

PRODUCER AND DEALER PRICES

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, October 18, 2019 (change from October 11, 2019 in brackets): 5560 (-1200) Aluminium Alloy Aluminium 977125 (+2925) Copper 268400 (-13925) Lead 69125 (+200) Nickel 86580 (-11982) Tin 6705 (+100) Zinc 60825 (-1650)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$65.40 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$12.15 Cobalt: US$16.10/lb.

Copper: US$2.64/lb.

Copper: CME Group Futures Nov. 2019: US$2.64/lb.; Dec. 2019: US$2.64/lb Iridium: NY Dealer Mid-mkt US$1,460.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$85.10/tonne Lead: US$1.00/lb.

Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$5,530.00 tr. oz.

Ruthenium: Mid-mkt US$246.00/tr. oz.

Silver: Handy & Harman Base: US$17.61 per oz.; Handy & Harman Fabricated: US$22.01 per oz.

Tin: US$7.65/lb.

Uranium: U3O8, Trade Tech spot price: US$25.00 per lb.

U308 Zinc: US$1.13/lb.

Prices current Oct. 22, 2019

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

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 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

Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) One Warrant to purchase one common share of the Issuer at $0.50 until expiry.

Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry.

Sherritt International Corporation (S.WT) - Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 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 NORTH AMERICAN STOCK EXCHANGE INDICES

52-week

Index Oct 18 Oct 17 Oct 16 Oct 15 Oct 14 High Low S&P/TSX Composite 16377.12 16426.30 16427.18 16418.39 16415.16 15527.30 12400.15 S&P/TSXV Composite 542.43 544.07 539.05 541.19 540.76 1050.26 883.52 S&P/TSX 60 980.04 982.75 983.98 983.45 982.65 896.74 709.99 S&P/TSX Global Gold 238.79 237.96 234.65 231.61 235.89 218.90 149.29 DJ Precious Metals 200.36 200.36 196.87 193.96 199.18 420.72 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Sep 30, 2019 (with changes from Sep 15, 2019) Largest short positions Nemaska Lith NMX 21692762 964168 9/15/2019 Sandstorm Gold SSL 20866256 -232217 9/15/2019 New Gold NGD 17441832 245269 9/15/2019 Ivanhoe Mines IVN 14782808 384613 9/15/2019 Kinross Gold K 13454919 417747 9/15/2019 Barrick Gold ABX 12495401 426704 9/15/2019 Nexgen Energy NXE 10655753 -2453065 9/15/2019 First Mg Fin FF 9485725 511752 9/15/2019 First Quantum FM 8395765 -331513 9/15/2019 Suncor Energy SU 8394089 466712 9/15/2019 Royal Nickel RNX 8329363 -9315610 9/15/2019 Sherritt Intl S 8310053 301007 9/15/2019 Premier Gold M PG 8122870 261512 9/15/2019 Yamana Gold YRI 7303725 -2154610 9/15/2019 Fortuna Silvr FVI 6988034 2842307 9/15/2019 Largest increase in short position Fortuna Silvr FVI 6988034 2842307 9/15/2019 NextSource Mat NEXT 2058911 2006384 9/15/2019 OceanaGold OGC 6165714 1548869 9/15/2019 Alamos Gold AGI 2546063 1077652 9/15/2019 Nemaska Lith NMX 21692762 964168 9/15/2019 Largest decrease in short position Royal Nickel RNX 8329363 -9315610 9/15/2019 Nexgen Energy NXE 10655753 -2453065 9/15/2019 Lundin Mng LUN 4481206 -2340678 9/15/2019 Yamana Gold YRI 7303725 -2154610 9/15/2019 Copper Mtn Mng CMMC 6059024 -1510764 9/15/2019

Short positions outstanding as of Sep 30, 2019 (with changes from Sep 15, 2019) Largest short positions Novo Res NVO 2291422 428476 9/15/2019 First Cobalt FCC 1748778 1152215 9/15/2019 Nexus Gold NXS 1255571 1202505 9/15/2019 MacDonald Mns BMK 1148775 1089798 9/15/2019 Sky Gold SKYG 975958 894911 9/15/2019 Western Mag WMG 880966 -40606 9/15/2019 Pacton Gold PAC 875316 -1331703 9/15/2019 Cobalt 27 Cap KBLT 851571 -22291 9/15/2019 Aton Resources AAN 821084 747201 9/15/2019 K92 Mining KNT 767294 39051 9/15/2019 PPX Mining PPX 597000 578000 9/15/2019 Mineworx Tech MWX 588992 549218 9/15/2019 Equinox Gold EQX 568187 78456 9/15/2019 Hut 8 Mining HUT 502901 488461 9/15/2019 Azincourt Ener AAZ 464067 195544 9/15/2019 Largest increase in short position NXS 1255571 1202505 9/15/2019 Nexus Gold First Cobalt FCC 1748778 1152215 9/15/2019 MacDonald Mns BMK 1148775 1089798 9/15/2019 Sky Gold SKYG 975958 894911 9/15/2019 Aton Resources AAN 821084 747201 9/15/2019 Largest decrease in short position SME 13658 -1979526 9/15/2019 Sama Res Pacton Gold PAC 875316 -1331703 9/15/2019 Macarthur Min MMS 10800 -699750 9/15/2019 Secova Mtls SEK 112000 -611000 9/15/2019 Leeta Gold HIVE 186256 -487516 9/15/2019

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

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

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

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

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.

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

Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share.

Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share.

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.

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

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

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

JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit.

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

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.

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

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

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

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

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

NEW 52-WEEK HIGHS AND LOWS OCTOBER 14–18, 2019 39 New Highs 92 Resources Alpha Lithium* Anglo Pac Grp Barrian Mining Barrian Mining* Copper Reef Mg Equinox Gold* Focus Minerals* Gensource Pot Great Atlantic Harvest Gold Joshua Gold* Juggernaut Exp Juggernaut Exp* Lepanto Con Mg* MacDonald Mns

MacDonald Mns* Marathon Gold Marathon Gold* MDN Inc* Metalla Rylty* Minera Alamos Minera Alamos * Mineral Mtn Mineral Mtn* New Guinea Gld* Niobay Metals North Am Nickl* North Springs* Nubian Res Pangolin Dia Promithian Gl * Quantum Cobalt*

Salt Lake Pot* Sibanye-Stillw* Sidney Resrces* Sienna Res* Vanstar Mng Rs* West Red Lake*

60 New Lows Advantage Lith* Alexco Res Alliance Res* Alphamin Res * Asian Mineral* ATAC Res Avalon Advance* Azucar Min* Canuc Res* China Gold Int

Comstock Mtls * CONSOL Coal Rs* Copper Mtn Mng Defense Metals Delrey Metals * First Vanadium First Vanadium* Fission Uran Focus Graphite* Golden Arrow Golden Arrow* Golden Ridge Inca One Gold Lake Resources* Laramide Res Leading Edge Leading Edge*

Liberty One Li* Logan Res Magna Gold* Matica Ent MAX Res Meridian Mg * MGX Minerals MGX Minerals* Miramont Res Nemaska Lith Nemaska Lith* Nouveau Monde Nrthn Graphite* Prize Mng* Rain City Ravencrest Res Riverside Res*

Rugby Mng Scandium Intl* Scottie Res* Serengeti Res Sierra Metals Sierra Metals* Silverore Mns* Sonoro Metals SRG Mining Stans Energy* Terrax Mnrls Thunderstruck* Victory Metals* Western U&V* White Gold Yukoterre Res

DAILY METAL PRICES Daily Metal Prices Date Oct 21 Oct 18 Oct 17 Oct 16 Oct 15 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) 1300/1270 1235/1200 1160/1160 1155/1155 1145/1145 Al Alloy Aluminum 1735/1741 1728/1730 1725/1729.50 1703/1714 1701.50/1714 Copper 5818/5842 5750/5774 5726/5756 5683/5707 5743/5778 Lead 2201/2185 2209/2193 2188/2176 2172/2163 2142/2147.50 Nickel 16190/16190 16450/16325 16320/16250 16995/16930 17030/16900 Tin 16800/16800 16850/16870 17050/17100 16600/16675 16475/16520 Zinc 2499/2474 2487/2454 2456/2425.50 2440/2413 2435/2421 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1490.85 1487.50 1484.45 1482.55 1494.75 Gold PM 1491.65 1490.00 1492.65 1485.10 1487.80 Silver 17.73 17.44 17.45 17.26 17.67 Platinum 895.00 886.00 886.00 888.00 891.00 Palladium N/A 1763.00 1762.00 1763.00 1741.00

CANADIAN GOLD MUTUAL FUNDS Fund Oct 18 ($) 18.43 AGF Glob Re A Fd MF BMO Prec Mtls Fd A BMO ZGD 56.56 BMO ZJG 55.65 CIBC Prec Metal Fd A Dyn Prec Metls Fd A Harvest HGGG Horizons HEP IG Mac GbPMetCl A 10.30 iShares XGD 14.88 53.97 Mac Prec Met Cl A NBI PrecMetFd Invt 14.71 36.08 NPT Go&PrMinFd A NPT SilverEquCl A 5.56 RBC GblPreMetFd A 39.56 Sentry Pre Met Fd A 39.29 TD Prec Mtl Fd Inv

Oct 11 ($) 18.50 21.51 56.08 55.37 11.63 7.86 23.75 27.65 10.31 14.70 54.03 14.66 36.57 5.47 39.65 36.02 39.14

Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) -0.07 -0.39 0.83 2.80 89.27 -0.94 -4.17 21.31 2.40 62.78 0.48 0.85 31.11 0.61 0.28 0.50 24.55 0.60 -0.56 -4.55 25.43 2.44 47.63 -0.54 -6.55 21.34 2.73 404.88 -1.47 -5.99 0.01 4.73 -0.88 -3.07 24.40 0.83 -0.01 -0.10 27.54 2.75 32.90 0.18 1.22 26.48 0.61 807.75 -0.06 -0.11 27.52 2.53 60.81 0.05 0.34 27.69 2.46 28.75 -0.48 -1.33 13.03 3.19 0.09 1.70 20.25 2.98 -0.09 -0.24 26.57 2.13 340.80 -1.32 -3.55 8.29 2.43 168.80 0.15 0.38 27.59 2.26 124.12

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

Oct 18 Oct 17 Oct 16 Oct 15 Oct 14 1.3138 1.3138 1.3201 1.3199 1.3230 0.7611 0.7611 0.7575 0.7576 0.7559

Exchange rates (Quote Media, October 18, 2019) C$ to AUS C$ to EURO C$ to YEN C$ to Mex Peso C$ to SA Rand 1.115 0.6841 82.6595 14.6111 11.2919 C$ to India Rupee C$ to Swiss Franc C$ to S. Korea Won C$ to UK Pound C$ to China Yuan 0.5912 5.3874 54.1501 0.7516 896.5230 US to AUS US to EURO US to YEN US to Mex Peso US to SA Rand 1.4649 0.8988 108.5965 19.1936 14.8336 US to UK Pound US to China Yuan US to India Rupee US to Swiss Franc US to S. Korea Won 0.7768 7.0774 71.4325 0.9875 1178.2700

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

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

11_OCT28_MMMM.indd 11

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

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

Contact: moliveira@northernminer.com or 416-510-6768

2019-10-22 4:52 PM

12

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: OCTOBER 14–18, 2019 (100s) Stock

WWW.NORTHERNMINER.COM

OCTOBER 28–NOVEMBER 10, 2019 / THE NORTHERN MINER

Week

12-month

Exc Volume High Low Last Change High Low

A 1911 Gold* O 60 1911 Gold V 1248 21C Metals* O 64 21C Metals C 811 66 Resources C 148 92 Resources V 3140 92 Resources* O 5 Abacus Mining* O 103 Abacus Mining V 473 Abcourt Mines V 1345 O 203 Abcourt Mines* Aben Resources* O 781 Aben Resources V 1084 Aberdeen Intl* O 56 Aberdeen Intl T 354 Abitibi Royal* O 2 Abitibi Royal V 20 AbraPlata Res* O 377 AbraPlata Res V 176 Academy Metals* O 4 Academy Metals V 5 Adamera Min V 607 O 260 Adamera Min* Adex Mining V 318 Advance Gold V 205 V 189 Advantage Lith Advantage Lith* O 182 Adventus* O 11 Adventus V 52 Aethon Mineral V 57 AEX Gold V 25 Affinity Metal* O 35 African Gold* O 244 African Gold V 613 African Rainb* O 1 O 170 Aftermath Silv* Aftermath Silv V 352 Agnico Eagle* N 5480 Agnico Eagle T 3842 AgriMinco* O 472 Aguila Amer Gd* O 6 Aguila Amer Gd V 6 AJN Resources C 73 Alacer Gold T 6153 Alamos Gold T 3617 Alamos Gold* N 15626 Alaska Pac Egy* O 650 Alba Minerals* O 280 Albert Mining V 212 Albert Mining* O 30 Alcoa* N 36080 Aldebaran Res V 54 Alderon Iron* O 37 Alderon Iron T 207 Aldever Res* O 8 Aldever Res V 132 Alexandra Cap* O 316 T 908 Alexco Res Alexco Res* X 3864 Algold Res V 64 Alianza Min V 139 Alianza Min* O 61 Alien Metals* O 251 Alio Gold* X 224 Alio Gold T 280 All American* O 25550 0 All Grade Mng* O Allegiant Gold V 209 Allegiant Gold* O 129 Alliance Mng V 412 Alliance Res* D 2475 Almaden Min T 74 Almaden Min* X 608 Almadex Min* O 229 Almadex Min V 254 23 Almonty Ind * O Almonty Ind T 83 Aloro Mining* O 0 Aloro Mining V 320 Alpha Lithium V 98 O 17 Alpha Lithium* Alphamin Res * O 600 Alphamin Res V 955 ALQ Gold C 592 Altai Resource V 401 Altair Res Inc* O 3 Altair Res Inc V 66 Altamira Gold V 627 O 73 Altamira Gold* Altan Nevada V 17 Altiplano Met V 128 Altius Mnrls * O 100 Altius Mnrls T 178 Alto Ventures V 3602 Altura Mining* O 126 Alturas Min V 2565 Altus Strat V 201 Alumina Ltd* O 107 ALX Uranium V 203 ALX Uranium* O 33 AM Resources V 5 Amador Gold V 318 Amarc Res V 195 Amarc Res* O 25 Amarillo Gold V 78 Amarillo Gold* O 43 Amazing Energy* O 263 Amer Intl Vent* O 441 American Batt* O 1 American Creek* O 258 American Creek V 383 American CuMo* O 32 American Lith V 163 American Lith* O 164 American Mang* O 214 American Mang V 438 American Pac C 460 O 152 American Pac* AmericanSierra* O 77 Americas Silvr* X 1654 Americas Silvr T 1225 Amerigo Res T 281 Amerigo Res* O 68 Amex Expl* O 33 Amex Expl V 481 Amilot Capital V 102 Amseco Expl V 100 Anaconda Mng T 237 Anaconda Mng* O 142 Andes Gold* O 256 Anfield Energy* O 125 V 79 Anfield Energy Angel Gold* O 50 Angel Gold V 397 Angkor Gold* O 72 Angkor Res V 517 Anglo American* O 42 Anglo American* O 2211 Anglo Pac Grp T 9 AngloGold Ash* O 0 AngloGold Ash* N 10484 Antioquia Gold V 189 Antler Gold V 20 Antofagasta* O 0 Apex Res V 45 Appia Energy C 16 Appia Energy* O 31 Applied Min* O 344 Aquila Res T 43 Aquila Res* O 128 Arbor Metals V 370 Arch Coal* N 707 Archon Mineral V 62 Arctic Star* O 11 Arctic Star V 1021 Arcus Dev Grp V 900 Arcwest Explor V 349 Arcwest Explor* O 109 Arena Min* O 421 Arena Min V 141 Argentina Lith V 130 Argentina Lith* O 5 Argentum Silvr V 69 Argo Gold C 223 Argo Gold* O 55 Argonaut Gold* O 115 Argonaut Gold T 1351 Arianne Phosph V 273

12-15_OCT28_StockTables.indd 12

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(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Arianne Phosph* O 51 Arizona Silver* O 43 Arizona Silver V 114 Armor Min V 1 Asanko Gold T 162 Asanko Gold* X 805 Asante Gold C 64 Asante Gold* O 80 Asbestos Corp V 4 Ascendant Res* O 11 Ascendant Res T 132 Ascot Res * O 52 Ascot Res T 244 Ashanti Sanko V 14 AsiaBaseMetals V 1 Asian Mineral V 27 Asian Mineral* O 1 Aston Bay V 172 Aston Bay* O 83 Astorius Res V 161 ATAC Res V 916 ATAC Res* O 222 Atacama Res* O 7776 Atalaya Mining T 10 Athabasca Min V 112 Athabasca Min* O 25 Athena Silver* O 10 Atico Mining* O 46 Atico Mining V 197 Atlanta Gold* O 9 Atlantic Indus V 2 Atlas Cons Mng* O 79 Atom Energy * O 125 Aton Resources* O 69 Aton Resources V 170 Aura Minerals* O 2 Aura Minerals T 4 Aura Resources V 23 Auramex Res V 380 Aurania Res* O 40 Aurania Res V 106 Aurcana Corp V 182 Aurcana Corp* O 47 AurCrest Gold V 41 Aurelius Min V 282 Aurex Energy V 19 Aurion Res * O 32 Aurion Res V 188 Aurora Royal V 487 AURYN Mining* O 38 Auryn Resource T 464 Auryn Resource* X 449 Aust Mines* O 258 Austin Res V 27 Austral Gold* O 19 Austral Gold V 46 Auxico Res C 301 Avalon Advance T 1618 Avalon Advance* O 416 Avarone Metals* O 25 Avarone Metals C 788 Avesoro Res T 53 Avidian Gold V 51 Avino Silver* X 1612 Avino Silver T 171 Avrupa Min* O 90 Avrupa Min V 256 Axmin Inc V 20 Axmin Inc* O 24 Azarga Metals V 194 Azarga Metals* O 3 Azarga Uranium* O 646 Azarga Uranium T 713 Azimut Explor V 17 Azimut Explor* O 23 Azincourt Ener* O 913 Azincourt Ener V 2471 Aztec Minerals V 46 Aztec Minerals* O 24 Azteca Gold* O 546 Azucar Min V 697 Azucar Min* O 386

0.33 0.30 0.30 - 0.02 0.49 0.27 0.14 0.12 0.12 - 0.02 0.19 0.04 0.18 0.17 0.17 unch 0.00 0.25 0.06 0.36 0.36 0.36 unch 0.00 0.59 0.36 1.30 1.18 1.22 + 0.01 1.45 0.68 0.96 0.89 0.93 + 0.02 1.10 0.50 0.06 0.00 0.06 unch 0.00 0.08 0.03 0.04 0.04 0.04 - 0.00 0.05 0.03 0.48 0.47 0.48 + 0.02 0.55 0.35 0.25 0.00 0.25 - 0.01 0.57 0.24 0.34 0.28 0.28 - 0.06 0.76 0.28 0.44 0.41 0.42 - 0.02 1.03 0.39 0.59 0.53 0.56 - 0.01 1.44 0.52 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.00 0.00 0.38 unch 0.00 0.64 0.12 0.40 0.36 0.36 + 0.01 0.55 0.10 0.27 0.27 0.27 unch 0.00 0.32 0.29 0.08 0.07 0.07 unch 0.00 0.13 0.05 0.06 0.05 0.05 - 0.01 0.08 0.03 0.12 0.09 0.12 + 0.02 0.50 0.09 0.20 0.17 0.19 - 0.01 0.45 0.17 0.16 0.12 0.14 + 0.00 0.35 0.12 0.01 0.01 0.01 + 0.00 0.02 0.00 3.33 3.00 3.33 + 0.04 4.10 2.88 0.62 0.54 0.57 - 0.03 0.79 0.16 0.44 0.40 0.40 - 0.03 0.60 0.12 0.05 0.05 0.05 unch 0.00 0.06 0.01 0.25 0.22 0.24 - 0.00 0.30 0.17 0.32 0.30 0.31 - 0.01 0.42 0.22 0.02 0.01 0.02 + 0.02 0.04 0.01 0.00 0.00 0.02 unch 0.00 0.02 0.01 0.05 0.04 0.04 unch 0.00 0.05 0.03 0.45 0.40 0.40 - 0.05 0.68 0.03 0.02 0.02 0.02 + 0.00 0.05 0.01 0.03 0.03 0.03 unch 0.00 0.07 0.02 14.39 0.00 14.39 + 0.59 16.50 1.00 19.01 18.05 18.99 + 0.80 21.63 14.60 0.05 0.04 0.04 - 0.01 0.10 0.03 0.04 0.04 0.04 unch 0.00 0.08 0.04 1.91 1.64 1.80 - 0.03 3.05 1.53 2.54 2.18 2.33 - 0.04 4.10 2.02 0.29 0.00 0.29 unch 0.00 0.80 0.21 0.22 0.18 0.20 - 0.01 1.25 0.00 0.05 0.04 0.05 + 0.01 0.05 0.01 0.03 0.02 0.03 unch 0.00 0.07 0.02 0.14 0.13 0.13 - 0.01 0.50 0.10 1.49 0.00 1.43 + 0.18 1.77 0.59 1.70 1.57 1.62 - 0.06 2.35 0.75 0.06 0.06 0.06 unch 0.00 0.11 0.05 0.48 0.03 0.44 - 0.02 1.17 0.03 1.70 1.57 1.60 + 0.02 2.45 1.14 1.29 1.17 1.21 + 0.03 1.84 0.85 0.02 0.02 0.02 unch 0.00 0.19 0.01 0.09 0.08 0.08 unch 0.00 0.13 0.05 0.04 0.04 0.04 unch 0.00 0.40 0.00 0.07 0.07 0.07 - 0.01 0.10 0.05 0.06 0.05 0.06 unch 0.00 0.27 0.05 0.05 0.04 0.05 + 0.01 0.17 0.04 0.04 0.03 0.03 + 0.00 0.13 0.03 0.08 0.07 0.07 - 0.00 0.11 0.02 0.10 0.08 0.09 unch 0.00 0.15 0.04 1.59 1.54 1.59 + 0.05 3.20 0.42 0.12 0.11 0.11 - 0.02 0.65 0.09 0.56 0.48 0.51 - 0.05 0.81 0.39 0.78 0.63 0.67 - 0.05 1.07 0.53 0.02 0.02 0.02 - 0.00 0.05 0.01 0.04 0.00 0.03 - 0.01 0.07 0.02 0.42 0.00 0.40 - 0.02 0.66 0.15 0.33 0.30 0.30 - 0.02 0.50 0.14 0.08 0.05 0.06 unch 0.00 0.15 0.05 0.05 0.00 0.05 + 0.01 0.10 0.03 0.13 0.12 0.12 - 0.01 0.22 0.08 0.18 0.16 0.18 + 0.01 0.28 0.11 0.35 0.34 0.35 unch 0.00 0.52 0.22 0.27 0.26 0.27 + 0.00 0.38 0.17 0.02 0.01 0.02 + 0.00 0.07 0.01 0.03 0.02 0.03 + 0.01 0.09 0.02 0.10 0.10 0.10 + 0.01 0.20 0.07 0.08 0.08 0.08 unch 0.00 0.15 0.04 0.00 0.00 0.00 - 0.00 0.00 0.00 0.25 0.15 0.24 + 0.03 0.67 0.15 0.19 0.14 0.19 + 0.03 0.51 0.14

B2Gold Corp T 18312 B2Gold Corp* X 26291 Balmoral Res* O 201 Balmoral Res T 435 Balto Res V 50 Bankers Cobalt V 93 Bankers Cobalt* O 38 Bannerman Res* O 325 Banyan Gold V 540 Banyan Gold* O 354 Bard Ventures* O 0 Bard Ventures V 156 Barkerville V 1001 Barkerville* O 262 Barksdale Cap V 61 Barksdale Cap* O 11 Barolo Venture* O 0 Barolo Venture V 10 Baroyeca Gold V 22 Barrian Mining V 3973 Barrian Mining* O 144 Barrick Gold * N 53535 Barrick Gold T 16875 Barsele Min* O 13 Barsele Min V 91 Batero Gold* O 1 Batero Gold V 212 Bayhorse Silvr* O 174 Bayhorse Silvr V 485 BC Moly V 0 BCM Res V 48 BE Res V 23 BE Res* O 8 Bear Creek Mng V 147 Bear Creek Mng* O 96 Bearclaw Cap V 32 Bearing Lith V 96 Bearing Lith* O 22 Beauce Gold V 348 Bell Copper V 236 Bell Copper* O 580 Belmont Res V 220 Belo Sun Mng T 1395 Belo Sun Mng* O 2388 BeMetals * O 66 BeMetals V 529 Benchmark Met V 1098 Benchmark Met* O 77 Benton Res V 704 Benton Res* O 1 Benz Mining V 228 Berkwood Res * O 150 Berkwood Res V 789 Bessor Min V 11 Bessor Min* O 1 Bird River Res C 2 Bitterroot Res* O 100 Bitterroot Res V 306 Black Hills* N 1595 Black Iron T 346 Black Iron* O 21 Black Sea V 144 Black Sea * O 1 Black Tusk Res* O 13 Black Tusk Res C 1571 Blackheath Res V 104 Blackrock Gold* O 354 Blackrock Gold V 1490 Blind Creek V 110 BLOX Inc* O 25 Blue Lagoon C 22 Blue Moon Zinc* O 7 Blue Moon Zinc V 367 Blue River Res V 635 Blue River Res* O 75 Blue Sky Uran* O 115 Blue Sky Uran V 255 Blue Star Gold V 287 BlueBird Batt V 77 BlueBird Batt* O 11 Bluenose Gold V 50 Bluestone Res* O 123 Bluestone Res V 385 Bold Ventures V 479 Bonanza Gold* O 7487 Bond Resources C 103

4.54 4.18 4.27 - 0.04 5.36 3.21 3.33 3.16 3.25 unch 0.00 4.02 2.40 0.13 0.10 0.12 - 0.01 0.20 0.07 0.19 0.15 0.16 - 0.01 0.26 0.10 0.07 0.07 0.07 unch 0.00 0.15 0.06 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.02 0.00 0.02 + 0.00 0.04 0.01 0.03 0.03 0.03 + 0.00 0.04 0.03 0.05 0.05 0.05 unch 0.00 0.06 0.04 0.04 0.03 0.03 - 0.01 0.05 0.02 0.00 0.00 0.10 unch 0.00 0.21 0.10 0.12 0.10 0.11 + 0.01 1.63 0.08 0.44 0.42 0.44 + 0.01 0.56 0.30 0.35 0.31 0.33 + 0.01 0.41 0.23 0.44 0.43 0.43 - 0.01 0.75 0.35 0.33 0.32 0.32 unch 0.00 0.57 0.27 0.01 0.01 0.01 unch 0.00 0.19 0.01 0.25 0.25 0.25 unch 0.00 0.30 0.22 0.05 0.05 0.05 + 0.01 0.20 0.04 0.25 0.18 0.25 + 0.06 0.25 0.10 0.18 0.00 0.18 + 0.03 0.18 0.13 17.39 16.55 17.19 + 0.19 88.70 11.52 23.46 21.87 22.58 + 0.14 26.69 15.37 0.47 0.45 0.45 - 0.02 0.55 0.28 0.62 0.55 0.60 unch 0.00 0.75 0.36 0.05 0.05 0.05 unch 0.00 0.07 0.03 0.07 0.00 0.06 - 0.01 0.10 0.06 0.10 0.08 0.09 unch 0.00 0.14 0.04 0.12 0.10 0.12 + 0.01 0.20 0.07 0.00 0.00 0.05 unch 0.00 0.07 0.03 0.08 0.06 0.08 + 0.01 0.16 0.06 0.04 0.04 0.04 - 0.01 0.07 0.02 0.03 0.03 0.03 unch 0.00 0.04 0.01 2.28 1.92 2.28 + 0.31 2.70 0.89 1.74 1.47 1.74 + 0.24 2.05 0.71 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.21 0.18 0.20 - 0.01 0.38 0.17 0.16 0.00 0.13 - 0.03 0.29 0.12 0.18 0.12 0.12 - 0.05 0.29 0.07 0.07 0.05 0.07 + 0.02 0.15 0.03 0.05 0.03 0.03 - 0.02 0.12 0.03 0.06 0.00 0.06 - 0.01 0.52 0.04 0.53 0.50 0.50 + 0.01 0.72 0.20 0.42 0.36 0.39 + 0.00 0.55 0.15 0.18 0.18 0.18 + 0.00 0.25 0.17 0.23 0.20 0.23 + 0.03 0.30 0.20 0.39 0.35 0.37 - 0.01 0.46 0.16 0.29 0.28 0.28 - 0.00 0.34 0.11 0.06 0.05 0.05 + 0.01 0.11 0.04 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.10 0.09 0.09 - 0.01 0.14 0.05 0.03 0.02 0.02 unch 0.00 0.10 0.02 0.03 0.02 0.03 + 0.01 0.13 0.02 0.06 0.00 0.06 + 0.01 0.20 0.03 0.00 0.00 0.00 unch 0.00 0.04 0.00 0.00 0.00 0.01 unch 0.00 0.10 0.01 0.02 0.02 0.02 unch 0.00 0.07 0.01 0.03 0.00 0.03 unch 0.00 0.07 0.02 78.80 76.35 78.67 + 0.54 82.01 59.33 0.08 0.07 0.08 unch 0.00 0.16 0.05 0.07 0.05 0.06 - 0.00 0.12 0.03 0.04 0.00 0.03 unch 0.00 0.23 0.03 0.02 0.00 0.02 - 0.02 0.08 0.01 0.04 0.04 0.04 + 0.00 1.06 0.02 0.06 0.05 0.05 - 0.01 0.29 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.26 0.17 0.23 - 0.01 0.27 0.02 0.35 0.22 0.27 - 0.04 0.36 0.03 0.04 0.04 0.04 - 0.01 0.07 0.03 0.20 0.20 0.20 unch 0.00 0.20 0.03 0.85 0.00 0.85 unch 0.00 1.65 0.26 0.02 0.01 0.02 + 0.00 0.06 0.01 0.03 0.03 0.03 unch 0.00 0.08 0.02 0.01 0.01 0.01 + 0.01 0.03 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.09 0.07 0.08 - 0.01 0.18 0.06 0.12 0.10 0.11 - 0.01 0.23 0.08 0.06 0.05 0.05 - 0.01 0.07 0.02 0.15 0.14 0.14 - 0.01 0.35 0.13 0.11 0.11 0.11 - 0.01 0.25 0.10 0.14 0.14 0.14 unch 0.00 0.33 0.09 0.98 0.91 0.92 - 0.05 1.15 0.65 1.30 1.20 1.23 - 0.07 1.60 0.85 0.01 0.01 0.01 - 0.01 0.04 0.01 0.00 0.00 0.00 - 0.00 0.01 0.00 0.15 0.15 0.15 + 0.01 0.20 0.11

B

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

BonTerra Res V 272 Boreal Metals V 222 Borneo Res Inv* O 13430 Bravada Gold V 422 Bravada Gold* O 195 Braveheart Res V 68 Braveheart Res* O 2 Bravo Multinat* O 9 Brazil Min* O 17740 BrightRock* O 385 Britannia Mng* O 1265 Brixton Metals V 818 Brixton Metals* O 276 Broadway Gold* O 2 Brookmount Exp* O 1219 Bryn Res* O 238 BTU Metals V 2909 Buenaventura* N 3131 0 Buffalo Coal * O Buffalo Coal V 13 Bullfrog Gold* O 657 Bullfrog Gold C 185 Bunker Hill C 1 BWR Explor V 61

2.36 2.06 2.33 + 0.21 3.80 1.46 0.06 0.05 0.06 + 0.01 0.13 0.04 0.00 0.00 0.00 - 0.00 0.00 0.00 0.09 0.07 0.08 unch 0.00 0.20 0.05 0.07 0.00 0.06 - 0.00 0.15 0.04 0.15 0.13 0.14 + 0.01 0.21 0.06 0.12 0.11 0.11 - 0.01 0.14 0.06 0.55 0.00 0.52 - 0.06 0.95 0.06 0.00 0.00 0.00 - 0.00 0.01 0.00 0.00 0.00 0.00 + 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.01 0.00 0.25 0.19 0.21 - 0.01 0.43 0.10 0.20 0.14 0.16 unch 0.00 0.33 0.08 0.04 0.04 0.04 + 0.00 0.13 0.01 0.01 0.00 0.01 + 0.00 0.02 0.00 0.07 0.05 0.07 unch 0.00 0.10 0.01 0.13 0.07 0.08 - 0.04 0.24 0.07 14.74 14.15 14.61 + 0.26 17.85 13.46 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.01 0.01 0.01 unch 0.00 0.01 0.01 0.18 0.16 0.16 - 0.02 0.24 0.04 0.23 0.22 0.22 - 0.01 0.23 0.12 0.21 0.00 0.21 - 0.01 2.00 0.05 0.05 0.05 0.05 unch 0.00 0.06 0.03

Cabral Gold V 99 Cabral Gold* O 5 Cache Explor V 769 Cadence Min* O 0 Cadillac Vent* O 0 Cadillac Vent V 1212 Caledonia Mng* X 23 Caledonia Mng T 2 Calibre Mng* O 27 California Gld* O 132 California Gld C 97 Callinex Mines* O 68 Callinex Mines V 59 Cameco Corp* N 7782 Cameco Corp T 2689 Cameo Cobalt* O 28 Cameo Cobalt V 968 Camino Min* O 0 Camino Min V 179 Camrova Res* O 3 Can-Cal Res* O 25 Canada Carbon* O 3 Canada Carbon V 264 Canada Coal V 465 Canada Cobalt V 1291 Canada Cobalt * O 177 Canada One* O 0 Canada One V 87 Canada Rare V 173 Canada Rare* O 84 Canadian Engy V 509 Canadian Metal C 14 Canadian Ore V 163 Canadian Ore* O 75 Canadian Prem V 69 CanAlaska Uran* O 24 CanAlaska Uran V 74 Canamex Gold* O 2 Canarc Res T 341 Canarc Res* O 182 Canasil Res V 318 Candelaria Mg* O 1 Candelaria Mg V 43 Candente Coppr T 122 Candente Gold* O 160 Candente Gold V 78 CANEX Metals * O 10 CANEX Metals V 283 CaNickel Mng V 18 CaNickel Mng* O 28 Canoe Mng Vent V 22 Canoe Mng Vent* O 0 Canstar Res* O 21 Canstar Res V 59 Canterra Mnls V 8 Canterra Mnls* O 6 Cantex Mn Dev* O 10 Cantex Mn Dev V 117 Canuc Res V 55 Canuc Res* O 6 Capstone Mng T 945 Cardero Res V 94 Cardero Res* O 19 Cardinal Res* O 142 Cardinal Res T 212 Cariboo Rose V 50 Carlin Gold V 129 Carrara Explor C 854 Cartier Iron C 55 Cartier Res V 327 Carube Copper V 314 Carube Copper* O 0 3 Casa Minerals * O Casa Minerals V 82 Cascadero Copp V 176 Cassius Vents V 2 Castle Peak Mg V 1230 C 30 Cautivo Mining CellCube Enrgy* O 1009 CellCube Enrgy C 956 Centamin T 18 Centaurus Diam* O 70 Centerra Gold T 3958 Central Iron V 950 Central Tim Ex V 537 Central Tim Ex* O 150 Centurion Mnls V 41 O 36 Century Cobalt* Century Global T 860 Cerro de Pasc * O 423 Cerro de Pasc C 702 Cerro Grande* O 31 Cerro Grande C 42 Ceylon Graph V 80 Chakana Copper V 418 Chakana Copper* O 356 Chalice Gold M* O 52 95 Chalice Gold M T Champion Bear V 49 Champion Bear* O 29 Champion Iron T 3556 Champion Iron* O 33 V 145 Chatham Rock Chesapeake Gld V 17 Chesapeake Gld* O 24 Chevron Corp* N 19370 Chiboug Ind Mn V 86 1 Chiboug Ind Mn* O Chilean Metals V 218 Chilean Metals* O 3 China Gold Int T 264 CIM Intl Grp C 48 Clarmin Explor V 3 Clean Comm* O 10 Cleghorn Mnls V 2 Cleveland-Clif* N 59155 Cliffmont Res V 60 Clifton Mng* O 150 Cloud Peak En* O 2723 CMC Metals* O 3 CMC Metals V 357 CNRP Mng* O 143 CNRP Mng C 752 Cobalt 27 Cap V 5539 Cobalt Block V 795 Cobalt Block* O 503 32403 Coeur Mng* N Colibri Res V 30 Colombia Crest* O 2 Colonial Coal V 175 Colorado Res V 2794 O 215 Colorado Res* Columbus Gold T 282 Columbus Gold* O 178 Comet Inds V 2 Commander Res V 377 Commander Res* O 485 Commerce Res V 39 Commerce Res* O 71 Compass Gold* O 89 Compass Gold V 499 Compliance Egy* O 2 Comstock Mng* X 4366 Comstock Mtls V 187

0.13 0.12 0.12 - 0.01 0.33 0.10 0.11 0.11 0.11 unch 0.00 0.25 0.10 0.03 0.00 0.02 - 0.01 0.07 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.01 unch 0.00 0.02 0.01 0.01 0.01 0.01 unch 0.00 0.04 0.01 7.14 6.78 6.98 + 0.03 7.50 5.01 9.39 0.00 9.22 unch 0.00 9.80 6.63 1.20 0.35 0.77 + 0.22 1.52 0.03 0.38 0.33 0.36 + 0.00 0.59 0.13 0.49 0.46 0.47 - 0.01 0.79 0.37 0.41 0.31 0.40 + 0.06 0.46 0.03 0.53 0.41 0.52 - 0.01 1.35 0.35 9.48 9.02 9.19 - 0.19 13.04 8.03 12.85 11.88 12.07 - 0.29 17.12 10.70 0.02 0.01 0.02 + 0.01 0.17 0.01 0.03 0.02 0.02 unch 0.00 0.19 0.02 0.00 0.00 0.10 unch 0.00 0.14 0.07 0.10 0.09 0.09 - 0.01 0.18 0.09 0.05 0.04 0.05 + 0.01 0.05 0.00 0.11 0.11 0.11 unch 0.00 0.11 0.11 0.03 0.03 0.03 unch 0.00 0.13 0.00 0.06 0.05 0.05 unch 0.00 0.18 0.05 0.04 0.02 0.02 - 0.02 0.08 0.02 0.41 0.34 0.35 - 0.02 0.70 0.25 0.30 0.27 0.28 - 0.00 0.53 0.18 0.00 0.00 0.02 unch 0.00 0.05 0.01 0.03 0.00 0.03 - 0.01 0.08 0.02 0.07 0.06 0.06 unch 0.00 0.11 0.04 0.06 0.04 0.04 + 0.00 0.08 0.02 0.06 0.05 0.05 unch 0.00 0.18 0.05 0.33 0.33 0.33 unch 0.00 0.80 0.16 0.11 0.09 0.11 + 0.01 0.45 0.09 0.09 0.09 0.09 unch 0.00 0.34 0.09 0.93 0.65 0.75 - 0.18 2.10 0.65 0.15 0.14 0.15 + 0.02 0.29 0.12 0.20 0.18 0.20 + 0.02 0.40 0.16 0.02 0.02 0.02 unch 0.00 0.09 0.00 0.07 0.06 0.06 - 0.01 0.08 0.04 0.05 0.05 0.05 - 0.00 0.06 0.03 0.07 0.06 0.06 unch 0.00 0.10 0.05 0.17 0.17 0.17 unch 0.00 0.52 0.12 0.21 0.20 0.21 unch 0.00 0.69 0.15 0.05 0.04 0.04 - 0.01 0.08 0.04 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.06 0.06 0.06 unch 0.00 0.06 0.02 0.08 0.07 0.08 + 0.01 0.10 0.03 0.10 0.00 0.10 unch 0.00 0.12 0.06 0.07 0.05 0.07 unch 0.00 0.09 0.03 0.13 0.13 0.13 unch 0.00 0.26 0.08 0.00 0.00 0.01 unch 0.00 0.02 0.01 0.02 0.02 0.02 - 0.01 0.14 0.02 0.04 0.04 0.04 unch 0.00 0.20 0.04 0.02 0.00 0.02 unch 0.00 0.03 0.01 0.02 0.01 0.02 + 0.00 0.03 0.01 2.80 2.19 2.80 + 0.53 5.23 0.36 3.69 2.90 3.66 + 0.66 6.99 0.18 0.04 0.00 0.04 - 0.01 0.14 0.03 0.02 0.00 0.02 unch 0.00 0.10 0.02 0.58 0.52 0.56 + 0.04 0.73 0.41 0.03 0.00 0.03 + 0.01 0.13 0.02 0.03 0.01 0.01 - 0.00 0.08 0.01 0.26 0.00 0.26 - 0.03 0.38 0.20 0.36 0.35 0.36 + 0.02 0.50 0.29 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.03 0.02 0.03 + 0.01 0.13 0.02 0.08 0.07 0.08 + 0.01 0.13 0.05 0.17 0.15 0.16 + 0.01 0.22 0.11 0.05 0.04 0.05 + 0.01 0.07 0.03 0.00 0.00 0.04 unch 0.00 0.05 0.03 0.10 0.10 0.10 unch 0.00 0.12 0.07 0.11 0.10 0.10 unch 0.00 0.24 0.07 0.02 0.01 0.02 unch 0.00 0.04 0.01 0.07 0.07 0.07 unch 0.00 0.09 0.06 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.09 0.00 0.09 unch 0.00 0.25 0.08 0.04 0.03 0.03 + 0.00 0.30 0.03 0.05 0.04 0.04 unch 0.00 0.34 0.04 1.93 1.84 1.86 - 0.02 2.53 1.39 0.18 0.14 0.15 - 0.01 1.00 0.10 12.75 11.80 12.65 + 0.52 12.88 4.76 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.05 0.03 0.04 - 0.01 0.20 0.03 0.03 0.03 0.03 unch 0.00 0.03 0.03 0.10 0.00 0.09 - 0.01 0.27 0.05 0.04 0.02 0.03 - 0.01 0.18 0.00 0.10 0.10 0.10 unch 0.00 0.25 0.10 0.24 0.22 0.22 - 0.02 0.31 0.18 0.32 0.28 0.31 unch 0.00 0.42 0.22 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.01 0.01 0.01 unch 0.00 0.01 0.01 0.12 0.09 0.12 + 0.01 0.20 0.08 0.16 0.15 0.15 - 0.02 0.54 0.15 0.13 0.12 0.12 - 0.00 0.41 0.10 0.15 0.13 0.15 - 0.02 0.18 0.08 0.19 0.16 0.17 - 0.03 0.20 0.10 0.16 0.12 0.12 - 0.04 0.25 0.10 0.12 0.12 0.12 unch 0.00 0.17 0.11 2.15 1.83 1.88 - 0.26 3.15 0.89 1.61 1.45 1.45 - 0.08 2.36 0.70 0.11 0.11 0.11 unch 0.00 0.19 0.10 3.24 3.01 3.04 - 0.01 4.65 1.41 2.37 0.00 2.36 + 0.04 3.50 1.03 117.62 114.74 114.74 - 1.41 127.34 100.22 0.11 0.00 0.11 + 0.01 0.27 0.04 0.07 0.07 0.07 + 0.00 0.19 0.03 0.05 0.00 0.05 + 0.01 0.23 0.03 0.04 0.00 0.04 - 0.00 0.06 0.01 1.10 1.04 1.05 unch 0.00 1.93 1.04 0.19 0.19 0.19 unch 0.00 0.63 0.19 0.13 0.13 0.13 unch 0.00 0.20 0.10 0.03 0.02 0.02 + 0.00 0.03 0.01 0.05 0.05 0.05 unch 0.00 0.11 0.04 7.55 6.89 6.92 - 0.70 12.26 6.64 0.11 0.10 0.10 unch 0.00 0.18 0.05 0.07 0.07 0.07 - 0.00 0.20 0.04 0.02 0.01 0.01 - 0.01 2.27 0.00 0.03 0.00 0.03 unch 0.00 0.06 0.03 0.07 0.00 0.07 + 0.02 0.11 0.04 0.28 0.24 0.25 - 0.02 1.22 0.20 0.37 0.32 0.34 - 0.02 1.56 0.27 4.51 4.35 4.41 - 0.07 6.90 3.27 0.06 0.05 0.05 - 0.01 0.19 0.05 0.06 0.04 0.04 - 0.01 0.14 0.03 4.93 4.28 4.87 + 0.09 5.99 2.78 0.07 0.06 0.07 + 0.01 0.08 0.03 0.05 0.05 0.05 - 0.08 0.21 0.03 0.33 0.25 0.28 + 0.03 0.65 0.23 0.06 0.05 0.05 unch 0.00 0.13 0.05 0.04 0.03 0.04 - 0.00 0.10 0.03 0.12 0.11 0.12 + 0.01 0.29 0.11 0.09 0.08 0.09 - 0.00 0.22 0.08 3.45 3.45 3.45 unch 0.00 3.60 2.60 0.08 0.07 0.08 unch 0.00 0.12 0.07 0.07 0.06 0.06 - 0.00 0.08 0.05 0.30 0.27 0.29 + 0.02 0.90 0.26 0.23 0.20 0.23 + 0.02 0.29 0.03 0.27 0.18 0.27 + 0.08 0.40 0.17 0.35 0.23 0.34 + 0.09 0.71 0.11 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.10 0.09 0.09 - 0.00 0.29 0.03 0.02 0.02 0.02 unch 0.00 0.06 0.02

C

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

631 Comstock Mtls * O Condor Gold* O 13 Condor Gold T 34 Condor Res V 858 Condor Res* O 34 O 0 Confedertn Ml* V 58 Confedertn Mls 0 Conquest Res * O Conquest Res V 134 V 202 Cons Woodjam CONSOL Coal Rs* N 118 N 1376 CONSOL Energy* CONSOL Energy* N 12829 O 188 Constantine Mt* V 297 Constantine Mt O 52 Contact Gold* Contact Gold V 85 O 61 Contact Mnrls* Contintl Gold* O 77 Contintl Gold T 2080 Contintl Prec* O 1 160 Copper Fox Mtl* O 889 Copper Fox Mtl V 480 Copper Lake Rs V Copper Mtn Mng T 2065 32 Copper Mtn Mng* O 16 Copper North M* O 154 Copper North M V Copper One C 651 Copper Reef Mg C 2885 O 52 Copperbank Res* C 1087 Copperbank Res 22 Coral Gold * O Coral Gold V 92 O 47 Cordoba Mnls* Cordoba Mnls V 230 Core Gold V 1725 Core Gold* O 201 Core Lithium* O 16 V 180 Cornerstone Ca O 27 Cornerstone Ca* Coro Mining T 2298 44 Corsa Coal * O Corsa Coal V 73 Corsurex Res C 480 Corvus Gold* O 119 Corvus Gold T 302 CR Capital V 415 5 Crazy Horse Res* O C 475 Crest Resource C 4 Crestview Expl Cresval Cap V 15 Critical Elem* O 29 Critical Elem V 499 V 409 CROPS O 1 Crown Mining* Crown Mining V 89 Cruz Cobalt C 401 Cruz Cobalt* O 33 Crystal Lake* O 309 Crystal Lake V 1400 Crystal Peak V 76 Crystal Peak* O 156 CTGX Mining* O 12 366 Currie Rose Rs V C 63 Cyntar Venture Cypress Dev* O 71 Cypress Dev V 622

0.01 0.01 0.01 - 0.01 0.04 0.01 0.23 unch 0.00 0.43 0.24 0.24 0.24 0.30 0.46 0.35 0.46 + 0.11 0.78 0.04 0.06 0.05 0.05 - 0.01 0.09 0.03 0.05 0.03 0.05 + 0.01 0.07 0.09 unch 0.00 0.24 0.00 0.00 0.17 0.12 0.21 0.19 0.20 + 0.02 0.40 0.00 0.00 0.01 unch 0.00 0.01 0.00 0.01 unch 0.00 0.03 0.02 0.02 0.02 0.03 unch 0.00 0.09 0.03 0.03 0.03 12.00 21.13 0.18 + 12.69 12.00 12.48 13.81 16.38 14.30 14.30 - 1.14 41.98 7.75 7.04 7.43 + 0.15 16.09 6.14 0.17 0.24 0.17 0.20 - 0.04 0.57 0.23 0.31 0.23 0.26 - 0.05 0.72 0.11 0.15 0.14 0.14 + 0.00 0.33 0.14 0.20 0.17 0.18 - 0.02 0.43 0.02 unch 0.00 0.30 0.15 0.13 0.15 1.33 3.20 2.85 3.10 + 0.07 3.90 1.76 4.15 3.77 4.05 + 0.06 4.66 0.00 unch 0.00 0.28 0.00 0.00 0.00 0.06 0.04 0.06 + 0.01 0.10 0.04 0.08 0.06 0.07 + 0.01 0.13 0.06 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.67 0.60 0.62 - 0.03 1.18 0.60 0.49 0.46 0.48 - 0.02 0.88 0.46 0.02 0.01 0.02 + 0.01 0.05 0.01 0.03 0.00 0.03 unch 0.00 0.07 0.02 0.05 0.13 0.10 0.11 - 0.02 0.13 0.04 0.03 0.04 unch 0.00 0.04 0.02 0.02 0.03 0.00 0.03 + 0.00 0.06 0.04 unch 0.00 0.08 0.04 0.04 0.04 0.36 0.32 0.32 + 0.00 0.39 0.26 0.35 0.47 0.43 0.43 - 0.01 0.51 0.03 0.04 0.04 0.04 + 0.01 0.13 0.04 unch 0.00 0.17 0.05 0.05 0.05 0.14 0.27 0.24 0.24 - 0.03 0.33 0.10 0.20 0.17 0.18 - 0.01 0.25 0.05 0.21 0.00 0.05 - 0.16 0.40 2.04 2.45 2.04 2.23 - 0.07 7.90 0.03 1.84 1.56 1.70 - 0.09 3.61 0.05 0.09 0.08 0.09 + 0.01 0.12 0.27 0.24 0.27 - 0.01 0.72 0.24 0.26 0.40 0.34 0.35 - 0.02 0.95 0.03 0.07 0.00 0.07 + 0.03 0.08 1.13 1.51 1.37 1.49 + 0.08 2.41 1.55 1.99 1.80 1.95 + 0.08 3.15 0.04 unch 0.00 0.08 0.05 0.05 0.05 0.38 0.30 0.30 unch 0.00 0.38 0.08 0.08 unch 0.00 0.16 0.09 0.09 0.09 0.55 unch 0.00 0.60 0.55 0.55 0.55 0.02 unch 0.00 0.05 0.02 0.02 0.02 0.20 0.28 0.27 0.28 + 0.01 0.80 0.26 0.41 0.35 0.40 + 0.04 1.05 0.02 unch 0.00 0.05 0.02 0.02 0.02 0.03 unch 0.00 0.10 0.03 0.03 0.03 0.04 0.05 0.04 0.04 - 0.01 0.14 0.03 unch 0.00 0.05 0.04 0.04 0.04 0.01 0.03 0.02 0.03 - 0.00 0.07 0.10 0.15 0.11 0.11 - 0.02 0.40 0.13 0.19 0.15 0.15 - 0.02 0.55 0.10 0.14 0.13 0.13 - 0.02 0.25 0.08 0.11 0.10 0.11 + 0.00 0.20 0.05 0.07 0.00 0.05 - 0.02 0.12 0.05 0.03 0.03 - 0.02 0.10 0.03 0.07 unch 0.00 0.15 0.10 0.10 0.10 0.12 0.19 0.16 0.18 + 0.01 0.21 0.17 0.24 0.22 0.23 + 0.01 0.29

Dajin Res V 593 Dajin Res* O 77 52 Dakota Ter Res* O Damara Gold V 20 Damara Gold* O 0 Danakali* O 35 Debut Dmds C 56 Decade Res V 684 Decade Res* O 15 V 178 Deep-South Res C 88 DeepRock Min O 56 Defense Metals* V 842 Defense Metals Defiance Silvr V 407 O 174 Defiance Silvr* Delrand Res V 98 271 Delrey Metals * O Delrey Metals C 510 T 897 Denison Mines X 773 Denison Mines* Desert Gold* O 22 Desert Gold V 151 133 Desert Mtn Egy V Detour Gold T 3807 O 11 Diamante Min* Diamcor Mng V 395 O 341 Diamcor Mng* O 353 Diamond Disc* V 232 Diamond Fields O 320 Diamond Fields* Dios Expl V 708 V 429 Discovery Harb O 198 Discovery Met* V 394 Discovery Met 147307 O Discovery Min* V 500 Discovery-Corp District Cop V 919 District Metal* O 0 District Metal V 0 Ditem Explor* O 5 O 50 Diversified Rs* Dixie Gold V 426 DNI Metals* O 148 O 60 Dolat Ventures* 276 Dolly Vard Sil* O 321 Dolly Vard Sil V V 310 Doubleview Cap DRDGOLD* N 393 978 Dundee Prec Mt T Durango Res V 162 O 0 DV Resources* DV Resources V 125 192 Dynacor Gld Mn T 32 Dynacor Gld Mn* O O 7 DynaResource* Dynasty Gold V 107 E3 Metals* O 9 E3 Metals V 99 V 253 Eagle Graphite Eagle Plains V 306 805 V East Africa 17 East Asia Mnls* O 287 East Asia Mnls V EastCoal Inc V 6 Eastern Platin T 47 O 26 Eastern Platin* Eastern Zinc C 50 Eastfield Res V 5 Eastfield Res* O 5 Eastmain Res T 747 O 131 Eastmain Res* 13 Eco Oro Mnls C V 8 Edgewater Expl 772 El Capitan Prc* O 95 El Nino Vent V 118 Elcora Adv Mat V Elcora Res* O 32 Eldorado Gold* N 9036 Eldorado Gold T 4714 Eloro Res* O 13 Eloro Res V 45 177 Ely Gold Royal V 363 Ely Gold Royal* O 19 Elysee Dev * O Elysee Dev V 100 V 1019 Emerita Res O 160 Emgold Mining* V 1534 Emgold Mining V 0 Empire Metals Empress Res V 2112 Empress Res* O 1 EMX Royalty V 5 EMX Royalty* X 178 O 6 Encanto Potash* V 128 Encanto Potash V 984 EnCore Energy T 905 Endeavour Mng O 24 Endeavour Mng* 13001 N Endeavr Silver* T 1877 Endeavr Silver

0.04 unch 0.00 0.08 0.04 0.04 0.04 0.02 0.03 0.02 0.03 + 0.01 0.07 0.10 0.00 0.10 - 0.01 0.19 0.02 0.03 unch 0.00 0.05 0.04 0.00 0.04 0.02 unch 0.00 0.03 0.00 0.00 0.02 0.40 0.45 0.42 0.45 + 0.03 0.61 0.01 unch 0.00 0.02 0.01 0.00 0.01 0.02 unch 0.00 0.05 0.02 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.02 0.02 0.06 unch 0.00 0.15 0.09 0.08 0.08 0.02 unch 0.00 0.10 0.03 0.00 0.03 0.06 0.10 0.06 0.07 - 0.00 0.25 0.08 0.11 0.08 0.08 - 0.02 0.25 0.16 0.24 0.21 0.21 - 0.02 0.37 0.12 0.18 0.16 0.17 - 0.01 0.32 0.25 0.45 0.42 0.42 - 0.02 0.71 0.04 0.02 0.02 - 0.01 0.30 0.02 0.03 0.05 0.03 0.03 - 0.01 0.50 0.52 0.65 0.62 0.63 - 0.01 0.88 0.38 0.49 0.45 0.48 - 0.00 0.68 0.10 0.10 0.10 0.10 + 0.00 0.31 0.10 0.14 0.13 0.13 - 0.01 0.26 0.29 0.25 0.25 - 0.04 0.31 0.13 21.19 19.54 20.50 + 0.53 25.45 9.38 0.01 0.03 0.03 0.03 + 0.00 0.20 0.08 0.11 0.09 0.09 - 0.02 0.35 0.06 0.10 0.07 0.07 - 0.00 0.27 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.07 0.20 0.19 0.19 - 0.01 0.21 0.00 unch 0.00 0.16 0.16 0.16 0.16 0.04 unch 0.00 0.08 0.05 0.04 0.04 0.01 0.11 0.08 0.08 - 0.03 0.11 0.14 0.43 0.36 0.41 + 0.03 0.54 0.17 0.53 0.47 0.51 + 0.02 0.74 0.00 0.00 0.00 0.00 - 0.00 0.00 0.01 unch 0.00 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01 - 0.01 0.07 0.16 unch 0.00 0.16 0.00 0.00 0.16 0.15 unch 0.00 0.31 0.00 0.00 0.15 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.05 0.02 0.04 0.03 0.04 + 0.01 0.05 0.01 0.05 0.01 0.03 - 0.02 0.09 0.06 0.15 0.00 0.07 - 0.01 1.80 0.30 0.25 0.30 + 0.03 0.40 0.14 0.39 0.33 0.37 + 0.03 0.55 0.19 0.08 0.13 0.10 0.11 - 0.01 0.18 1.64 4.72 4.37 4.62 + 0.02 5.20 4.60 4.26 4.45 - 0.02 5.75 3.10 0.06 0.07 0.07 0.07 - 0.01 0.10 0.06 unch 0.00 0.06 0.00 0.00 0.06 0.04 0.07 0.00 0.06 - 0.01 0.14 1.41 2.00 1.75 1.62 1.70 + 0.04 1.32 1.25 1.28 + 0.03 1.60 1.02 0.25 0.45 0.00 0.45 - 0.05 1.25 0.06 0.09 0.07 0.08 - 0.01 0.16 0.22 0.32 0.00 0.32 - 0.05 0.41 0.23 0.46 0.42 0.44 + 0.02 0.60 0.03 0.06 0.05 0.05 - 0.01 0.12 0.08 0.11 0.09 0.09 - 0.02 0.12 0.14 0.12 0.14 + 0.01 0.26 0.12 0.06 0.00 0.06 + 0.01 0.09 0.02 0.07 0.06 0.06 - 0.01 0.13 0.04 0.05 unch 0.00 0.11 0.07 0.07 0.07 0.17 0.26 0.24 0.26 + 0.02 0.35 0.12 unch 0.00 0.26 0.19 0.18 0.18 0.03 unch 0.00 0.28 0.03 0.03 0.03 0.03 unch 0.00 0.07 0.04 0.04 0.04 0.02 unch 0.00 0.05 0.02 0.02 0.02 0.10 0.12 0.11 0.11 - 0.01 0.27 0.07 0.09 0.08 0.08 - 0.00 0.20 0.10 0.09 0.09 - 0.02 0.27 0.06 0.06 0.12 0.00 0.12 + 0.01 0.14 0.02 0.01 0.02 + 0.00 0.04 0.00 0.03 0.02 0.03 unch 0.00 0.05 0.02 0.06 0.05 0.05 - 0.02 0.17 0.05 0.03 0.05 0.03 0.04 + 0.01 0.13 8.00 7.11 7.88 + 0.49 10.09 2.52 10.49 9.40 10.35 + 0.60 13.34 3.36 0.13 unch 0.00 0.34 0.23 0.23 0.23 0.15 unch 0.00 0.51 0.31 0.27 0.30 0.36 0.31 0.33 - 0.03 0.47 0.11 0.29 0.23 0.25 - 0.02 0.35 0.08 0.27 0.26 0.27 + 0.01 0.33 0.23 0.31 0.37 0.35 0.36 + 0.01 0.42 0.05 0.08 0.06 0.08 + 0.01 0.17 0.03 0.05 0.04 0.04 + 0.00 0.14 0.05 unch 0.00 0.20 0.06 0.05 0.06 0.13 unch 0.00 0.23 0.00 0.00 0.13 0.03 unch 0.00 0.10 0.03 0.03 0.03 0.02 unch 0.00 0.06 0.02 0.02 0.02 1.40 1.84 1.75 1.80 - 0.01 2.00 1.04 1.43 1.37 1.39 - 0.01 1.54 0.06 0.07 0.00 0.07 - 0.00 0.18 0.08 0.10 0.08 0.10 + 0.01 0.25 0.09 0.14 0.12 0.12 - 0.02 0.21 16.34 24.55 22.67 23.22 - 0.59 28.98 12.38 18.04 17.26 17.68 - 0.47 21.78 1.68 2.33 2.02 2.27 + 0.17 3.20 2.21 3.05 2.67 2.96 + 0.21 4.26

D-F

2019-10-21 4:46 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / OCTOBER 28–NOVEMBER 10, 2019

Week

12-month

Exc Volume High Low Last Change High Low

Endurance Gold V 106 0.04 0.04 0.04 unch 0.00 0.07 0.03 Energy Fuels* X 3147 2.02 1.78 1.93 - 0.06 4.09 1.50 2.00 Energy Fuels T 545 2.73 2.35 2.53 - 0.10 5.38 Enforcer Gold V 60 0.09 0.00 0.09 + 0.02 0.36 0.07 0.05 Engineer Gold V 763 0.12 0.10 0.10 - 0.01 0.14 Engold Mines V 180 0.08 0.07 0.08 unch 0.00 0.20 0.06 Engold Mines* O 5 0.07 0.07 0.07 unch 0.00 0.10 0.05 unch 0.00 0.07 0.01 Ensurge* O 1 0.03 0.03 0.03 Entree Res* O 167 0.20 0.17 0.18 - 0.00 0.46 0.05 0.22 Entree Res T 177 0.25 0.23 0.25 + 0.01 0.61 ePower Metals* O 1 0.31 0.00 0.31 + 0.01 0.37 0.04 ePower Metals V 88 0.39 0.34 0.39 + 0.04 0.62 0.29 Equinox Gold* X 748 6.40 5.45 6.22 + 0.59 6.40 5.20 Equinox Gold V 592 8.45 7.26 8.15 + 0.70 8.90 4.25 Equitorial Ex* O 5 0.02 0.02 0.02 unch 0.00 0.03 0.02 Equitorial Ex V 443 0.04 0.03 0.04 + 0.01 0.06 0.02 unch 0.00 0.12 0.05 Equity Metals V 25 0.07 0.00 0.07 Erdene Res Dev* O 40 0.16 0.15 0.15 unch 0.00 0.22 0.12 Erdene Res Dev T 123 0.21 0.19 0.20 unch 0.00 0.28 0.16 0.04 Erin Ventures V 282 0.06 0.05 0.05 - 0.01 0.20 Ero Copper T 1615 16.97 16.04 16.62 - 0.10 25.69 8.55 Ero Copper* O 152 12.71 0.00 12.42 + 0.08 19.20 6.49 Eros Res Corp* O 0 0.00 0.00 0.04 unch 0.00 0.07 0.03 Eros Res Corp V 69 0.06 0.06 0.06 unch 0.00 0.11 0.05 69 0.06 0.06 0.06 unch 0.00 0.11 0.05 Eros Res Corp V Eskay Mng* O 187 0.11 0.09 0.11 + 0.02 0.18 0.04 0.07 Eskay Mng V 531 0.14 0.12 0.12 - 0.02 0.23 Essex Minerals V 50 0.03 0.03 0.03 unch 0.00 0.11 0.03 Ethos Gold* O 258 0.14 0.11 0.12 - 0.02 0.25 0.09 Ethos Gold V 406 0.18 0.16 0.17 unch 0.00 0.34 0.13 Etruscus Res C 171 0.33 0.25 0.28 - 0.04 0.50 0.24 Euro Manganese V 205 0.15 0.15 0.15 unch 0.00 0.44 0.15 Euro Sun Mg* O 65 0.25 0.00 0.22 + 0.00 1.00 0.17 765 0.34 0.27 0.29 + 0.02 1.25 0.23 Euro Sun Mg T EurOmax Res T 6 0.03 0.03 0.03 unch 0.00 0.17 0.03 O 23 0.02 0.01 0.02 + 0.00 0.27 0.01 European Elect* European Elect V 220 0.03 0.02 0.03 + 0.01 0.35 0.02 European Metal* O 11 0.05 0.01 0.01 - 0.04 0.26 0.00 Eurotin V 244 0.01 0.01 0.01 + 0.01 0.10 0.01 Evergold V 113 0.20 0.19 0.19 unch 0.00 0.25 0.17 769 0.57 0.47 0.48 - 0.06 1.64 0.37 EVI Global Grp C Evolving Gold* O 0 0.00 0.00 0.05 unch 0.00 0.06 0.00 unch 0.00 1.53 0.27 Evrim Res V 243 0.33 0.31 0.32 Excellon Res T 659 1.00 0.89 0.99 + 0.10 1.51 0.59 Excellon Res* O 212 0.76 0.59 0.74 + 0.06 1.15 0.44 O 86 0.80 0.74 0.77 + 0.02 0.87 0.53 Excelsior Mng* Excelsior Mng T 177 1.05 0.97 1.01 + 0.02 1.14 0.71 5 0.00 0.00 0.01 unch 0.00 0.03 0.01 ExGen Res Inc V 0.01 Explor Res* O 26 0.03 0.00 0.03 + 0.00 0.03 Explor Res V 846 0.03 0.00 0.03 - 0.01 0.04 0.02 0.15 Explorex Res C 75 0.20 0.18 0.20 + 0.02 0.45 unch 0.00 0.26 0.13 Explorex Res* O 4 0.17 0.14 0.14 Fabled Copper V 572 0.03 0.02 0.03 unch 0.00 0.09 0.02 unch 0.00 0.00 0.00 Fairmile Gold* O 0 0.00 0.00 0.00 Falco Res V 183 0.24 0.23 0.24 unch 0.00 0.54 0.20 Falco Res * O 44 0.18 0.13 0.18 + 0.05 0.31 0.10 0.02 Falcon Gold V 275 0.04 0.04 0.04 - 0.01 0.06 Fancamp Expl V 172 0.06 0.06 0.06 unch 0.00 0.11 0.04 C 2230 0.05 0.03 0.04 - 0.01 0.18 0.03 Far Res Far Res* O 166 0.03 0.02 0.03 - 0.00 0.13 0.02 V 816 0.02 0.01 0.01 - 0.01 0.12 0.01 Fengro Industr Fidelity Min V 1438 0.02 0.02 0.02 unch 0.00 0.10 0.01 Filo Mg Corp V 10 2.50 2.40 2.45 - 0.05 3.25 2.05 unch 0.00 0.07 0.02 Finlay Minrls V 51 0.04 0.04 0.04 Fiore Gold* O 263 0.34 0.28 0.28 - 0.03 0.50 0.16 Fiore Gold V 387 0.43 0.38 0.39 - 0.02 0.63 0.21 Fire River Gol* O 125 0.14 0.14 0.14 unch 0.00 0.40 0.00 Firebird Res V 180 0.02 0.02 0.02 unch 0.00 0.04 0.02 FireFox Gold V 732 0.15 0.10 0.11 - 0.01 0.39 0.09 O 18 0.01 0.01 0.01 unch 0.00 0.03 0.01 Firestone Diam* Firestone Vent V 69 0.05 0.05 0.05 + 0.01 0.10 0.04 Fireweed Zinc V 94 0.52 0.00 0.50 + 0.03 1.04 0.45 O 51 0.39 0.00 0.38 + 0.02 0.82 0.34 Fireweed Zinc* Firma Holdings* O 72 0.01 0.01 0.01 - 0.00 0.05 0.01 First Cobalt * O 620 0.13 0.11 0.12 - 0.00 0.24 0.09 First Cobalt V 1459 0.17 0.15 0.16 - 0.01 0.32 0.12 O 700 0.00 0.00 0.00 unch 0.00 0.00 0.00 First Colombia* First Energy C 16 0.19 0.00 0.18 - 0.01 0.20 0.06 0.05 First Energy* O 15 0.16 0.09 0.14 - 0.00 0.18 First Majestic* N 19480 10.50 9.16 10.24 + 1.02 11.62 4.59 First Majestic T 3488 13.80 12.10 13.46 + 1.28 15.50 6.12 First Mexican V 0 0.00 0.00 0.10 unch 0.00 0.25 0.05 First Mg Fin * O 1455 0.19 0.16 0.17 + 0.01 0.31 0.16 First Mg Fin T 2293 0.24 0.22 0.23 + 0.01 0.41 0.21 First Point* O 10 0.11 0.10 0.11 + 0.01 0.14 0.06 11.68 9.56 11.08 + 0.89 16.63 7.84 First Quantum T 25071 First Vanadium V 163 0.19 0.17 0.18 - 0.01 1.63 0.17 O 159 0.14 0.12 0.14 - 0.01 1.24 0.12 First Vanadium* V 1893 0.06 0.05 0.06 + 0.01 0.30 0.05 Fission 3.0 Fission 3.0* O 69 0.04 0.04 0.04 + 0.00 0.22 0.04 0.24 Fission Uran* O 572 0.27 0.24 0.24 - 0.02 0.58 Fission Uran T 1239 0.36 0.32 0.33 - 0.03 0.74 0.32 Five Star Diam V 250 0.05 0.04 0.05 unch 0.00 0.08 0.04 80 0.04 0.04 0.04 unch 0.00 0.06 0.04 Five Star Diam* O Fjordland Exp* O 1126 0.04 0.03 0.03 - 0.01 0.11 0.03 Fjordland Exp V 634 0.05 0.03 0.04 unch 0.00 0.15 0.03 Flowery Gold* O 3 0.10 0.10 0.10 unch 0.00 0.15 0.09 Focus Graphite* O 505 0.02 0.01 0.02 - 0.00 0.04 0.01 V 5502 0.03 0.02 0.02 - 0.01 0.06 0.02 Focus Graphite Focus Minerals* O 3 0.19 0.18 0.19 + 0.00 0.19 0.15 0.22 Foran Mng V 147 0.25 0.22 0.23 - 0.02 0.39 0.13 Forsys Metals T 74 0.17 0.16 0.16 - 0.01 0.32 Fort St J Nick V 2 0.10 0.10 0.10 unch 0.00 0.35 0.08 O 67 5.93 5.45 5.56 - 0.12 6.63 2.60 Fortescue Met* Fortuna Silvr T 1863 4.25 3.97 4.12 + 0.06 6.12 3.22 Fortuna Silvr* N 8456 3.20 3.00 3.13 + 0.05 4.59 2.39 unch 0.00 0.41 0.19 Fortune Bay V 1 0.31 0.00 0.31 Fortune Bay* O 1 0.24 0.00 0.24 unch 0.00 0.31 0.10 Fortune Mnrls* O 134 0.07 0.06 0.06 - 0.01 0.11 0.05 Fortune Mnrls T 366 0.09 0.08 0.08 - 0.01 0.16 0.07 Forum Energy V 1307 0.08 0.05 0.06 - 0.01 0.09 0.03 Forum Energy* O 504 0.06 0.04 0.04 - 0.01 0.07 0.02 Fox River Res* O 8 0.04 0.04 0.04 + 0.00 0.06 0.04 Fox River Res C 103 0.06 0.06 0.06 unch 0.00 0.10 0.06 FPX Nickel V 167 0.14 0.13 0.14 unch 0.00 0.18 0.08 93.80 90.64 93.29 + 0.71 101.19 61.14 Franco-Nevada* N 2361 Franco-Nevada T 2241 126.52 119.76 122.45 + 0.22 133.92 80.09 unch 0.00 0.00 0.00 Franklin Mng* O 1 0.00 0.00 0.00 Freegold Vent T 998 0.07 0.05 0.06 - 0.01 0.13 0.05 Freeport McMoR* N 92438 9.77 9.14 9.58 + 0.03 14.68 8.43 0.04 Fremont Gold V 321 0.06 0.05 0.05 - 0.01 0.19 Fremont Gold* O 19 0.05 0.05 0.05 + 0.00 0.18 0.04 Fresnillo plc* O 58 8.10 7.70 7.93 - 0.08 13.76 7.01 Frontier Lith V 324 0.26 0.21 0.26 + 0.03 0.47 0.21 Frontline Gold V 397 0.01 0.01 0.01 unch 0.00 0.02 0.01 Full Metal Mnl* O 4 0.00 0.00 0.00 unch 0.00 0.01 0.00 Fura Gems V 507 0.19 0.16 0.16 - 0.01 0.46 0.14 Fura Gems* O 26 0.15 0.00 0.12 - 0.00 0.34 0.11

G-H G2 Goldfields* O 11 G2 Goldfields V 326 Gabriel Res V 53 Gabriel Res* O 31 Gainey Capital V 802 Galane Gold * O 326 Galane Gold V 995 Galantas Gold V 14 Galantas Gold* O 150 Galore Res V 87 Galway Gold * O 4 Galway Gold V 1 Galway Mtls* O 137 Galway Mtls V 113 GAR Limited C 3469 Garibaldi Res V 958 Garibaldi Res * O 129 Gatling Explor V 283 Gatling Explor* O 107 General Moly T 3 General Moly* X 963 Generation Min* O 156 Generation Min C 245 Genesis Mtls* O 48 Genesis Mtls V 615 C 32 Genius Metals Gensource Pot V 2657 Geomega Res V 617 Geomega Res* O 11 Gespeg Res V 2193 Getchell Gold * O 15 Getchell Gold C 656 Getty Copper V 43 GFG Resources V 671 GFG Resources* O 87 GGL Res V 4 GGX Gold V 202 GGX Gold* O 63 Giga Metals* O 220 Giga Metals V 302 Gitennes Expl V 192 Giyani Gold V 617 Giyani Gold* O 320 Glacier Lake V 120 Gldn Predator* O 537 Gldn Predator V 676

0.19 0.18 0.18 unch 0.00 0.26 0.05 0.27 0.24 0.25 - 0.01 0.43 0.13 0.62 0.55 0.55 unch 0.00 0.71 0.29 0.45 0.41 0.43 + 0.03 0.52 0.20 0.09 0.07 0.09 + 0.03 0.16 0.04 0.08 0.06 0.06 - 0.01 0.10 0.03 0.10 0.08 0.08 - 0.01 0.13 0.04 0.07 0.05 0.07 + 0.01 0.15 0.05 0.06 0.06 0.06 unch 0.00 0.10 0.04 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.07 0.07 0.07 - 0.01 0.11 0.00 0.00 0.00 0.12 unch 0.00 0.15 0.07 0.21 0.20 0.21 - 0.00 0.30 0.10 0.29 0.28 0.28 - 0.01 0.44 0.13 0.02 0.01 0.01 - 0.01 0.22 0.01 1.74 1.25 1.45 - 0.22 2.25 0.69 1.28 0.97 1.14 - 0.15 1.70 0.51 0.55 0.52 0.53 - 0.01 0.71 0.25 0.46 0.37 0.41 - 0.00 0.54 0.21 0.37 0.35 0.36 + 0.01 0.59 0.22 0.29 0.25 0.26 - 0.00 0.45 0.16 0.21 0.15 0.19 + 0.02 0.28 0.03 0.29 0.00 0.26 unch 0.00 0.36 0.10 0.05 0.04 0.05 + 0.00 0.08 0.04 0.06 0.05 0.06 unch 0.00 0.12 0.05 0.19 0.00 0.18 - 0.02 0.25 0.12 0.16 0.12 0.15 + 0.03 0.16 0.08 0.16 0.13 0.15 + 0.01 0.23 0.07 0.12 0.10 0.12 + 0.02 0.17 0.05 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.05 0.00 0.05 unch 0.00 0.19 0.05 0.11 0.07 0.11 + 0.04 3.60 0.06 0.03 0.02 0.03 + 0.01 0.04 0.02 0.19 0.17 0.18 + 0.01 0.29 0.17 0.14 0.13 0.14 + 0.01 0.21 0.12 0.09 0.00 0.09 unch 0.00 0.17 0.07 0.23 0.00 0.19 - 0.04 0.41 0.15 0.17 0.15 0.15 - 0.01 0.29 0.04 0.37 0.28 0.29 - 0.05 0.37 0.11 0.47 0.38 0.38 - 0.07 0.49 0.15 0.04 0.03 0.03 - 0.01 0.05 0.02 0.17 0.13 0.16 + 0.01 0.35 0.07 0.13 0.11 0.12 - 0.01 0.26 0.06 0.06 0.06 0.06 unch 0.00 0.25 0.06 0.25 0.21 0.24 + 0.00 0.38 0.13 0.34 0.29 0.32 unch 0.00 0.50 0.18

12-15_OCT28_StockTables.indd 13

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Glen Eagle Res* O 7 2 Glen Eagle Res V Glencore Plc * O 26 Glencore Plc* O 600 Global Atomic T 770 Global Atomic* O 227 Global Battery V 67 O 35 Global Battery* Global Energy* O 28 Global Energy V 254 Global Gold* O 16 Global Li-Ion* O 4 Global Li-Ion C 157 O 0 GlobalMin Vent* Globex Mng* O 21 Globex Mng T 61 GMV Minerals* O 8 GMV Minerals V 162 GNCC Capital* O 133940 Go Cobalt C 57 GobiMin V 20 God’s Lake Res C 0 GoGold Res T 479 24636 Gold Fields* N Gold Fields* O 0 Gold Finder Ex V 1074 Gold Finder Ex* O 12 Gold Reserve V 50 Gold Reserve* O 96 X 3837 Gold Resource* Gold Rush Cari V 2043 Gold Std Vents T 4278 Gold Std Vents* X 7496 Goldbank Mng V 7 Goldcliff Res* O 312 Goldcliff Res V 396 Golden Arrow V 520 Golden Arrow* O 188 Golden Band* O 1483 Golden Cariboo V 187 Golden Dawn Ml V 21 Golden Dawn Ml* O 9 Golden Goliath* O 177 Golden Goliath V 250 Golden Harp V 18 Golden Hope V 31 Golden Hope* O 0 Golden Lake C 111 Golden Mnls* X 627 Golden Mnls T 15 Golden Phoenix* O 88 Golden Pursuit V 120 Golden Queen* O 29 Golden Queen V 35 Golden Ridge V 281 V 81 Golden Secret Golden Share V 22 Golden Star T 249 Golden Star* X 1421 Golden Tag V 227 Golden Valley* O 96 Golden Valley V 337 Goldex Res* O 1 Goldex Res V 23 Goldgroup Mng* O 17 T 197 Goldgroup Mng GoldMining* O 477 GoldMining T 930 GoldON Res V 54 GoldON Res* O 6 Goldplay Expl V 378 Goldplay Expl* O 58 GoldQuest Mng V 514 Goldrea Res C 40 Goldrea Res* O 14 Goldrich Mng* O 51 Goldsource Min* O 516 Goldsource Min V 1245 Goldstar Mnls V 100 Goldstrike Res V 245 Goliath Res V 1823 Goliath Res* O 176 Gossan Res V 15 GoviEx Uranium* O 303 GoviEx Uranium V 290 Gowest Gold* O 12 Gowest Gold V 297 GPM Metals* O 1 GPM Metals V 78 Gran Colombia* O 435 Gran Colombia T 1286 Granada Gold V 377 Granada Gold* O 13 Grande Portage V 908 O 14 Grande Portage* Granite Creek V 337 Graphite Egy* O 4 O 85 Graphite One* Graphite One V 106 Gratomic V 3916 Gratomic* O 749 Gray Rock Res V 150 Great Atlantic V 71 Great Bear Res V 1571 Great Bear Res* O 122 Great Lakes Gr* O 552 Great Panther T 1347 Great Panther* X 5004 Great Thunder V 50 Great Western* O 7 V 32 Greatbanks Re Greatbanks Res* O 0 Green River C 129 Green Swan Cap V 485 V 29 Greencastle Rs Greenland M&En* O 1261 Greenshield Ex V 51 Grenville Gold C 240 Grid Metals V 80 Grid Metals* O 48 Grizzly Discvr* O 23 Grizzly Discvr V 119 Grosvenor Res V 15 Group Eleven V 640 716 Group Ten Mtls* O Group Ten Mtls V 615 GrowMax Res* O 977 GSP Resource V 85 GT Gold V 2112 GT Gold * O 235 GTA Resources* O 0 Gungnir Res V 119 Gungnir Res* O 88 Gunpoint Expl V 60 Guyana Gldflds T 1570 Guyana Goldstr V 1219 Guyana Goldstr* O 540 Handa Mining V 50 O 0 Handeni Gold* Hannan Metals V 161 O 120 Hannan Metals* Happy Ck Mnrls V 63 V 68 Harfang Explor Harmony Gold* N 21842 Harte Gold* O 86 Harte Gold T 1079 Harvest Gold* O 60 Harvest Gold V 2640 Hawkeye Gld&Di V 1079 Heatherdale Rs V 513 Hecla Mining* N 26073 Helio Res V 20 Helio Res* O 3 Hemcare Health* O 26 Highbank Res V 50 HighGold V 347 Highland Copp V 251 Highland Copp* O 203 Highway 50 Gld V 19 HiHo Silver C 32 Hinterland Mtl* O 20 Hochschild Mg* O 32 Homeland Egy* O 51 Honey Badger E V 209 Horizonte Mnls T 128 Hornby Bay Mnl* O 5 Hornby Bay Mnl V 30 HudBay Min* N 2893 HudBay Min T 5169 Hudson Res V 232 Hudson Res* O 96 Hunt Mng V 98 Hut 8 Mining* O 113 Hut 8 Mining T 382 Hybrid Mineral V 59 Hycroft Mining* O 1

0.08 0.08 0.08 unch 0.00 0.12 0.06 0.00 0.00 0.10 unch 0.00 0.15 0.08 3.02 2.87 2.91 - 0.06 4.49 2.66 5.95 5.74 5.83 - 0.11 8.91 5.29 0.51 0.44 0.44 - 0.06 0.56 0.28 0.36 0.33 0.33 - 0.05 0.42 0.21 0.10 0.09 0.09 - 0.02 0.23 0.06 0.07 0.06 0.06 - 0.00 0.16 0.05 0.02 0.02 0.02 - 0.01 0.07 0.01 0.03 0.00 0.03 unch 0.00 0.10 0.02 1.00 0.75 0.75 unch 0.00 1.85 0.75 0.07 0.00 0.07 unch 0.00 0.21 0.04 0.11 0.10 0.11 + 0.01 0.28 0.06 0.27 0.25 0.27 - 0.03 1.30 0.25 0.29 0.28 0.28 - 0.01 0.31 0.19 0.39 0.37 0.38 - 0.01 0.41 0.25 0.09 0.07 0.07 - 0.02 0.18 0.07 0.12 0.00 0.11 unch 0.00 0.25 0.07 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.08 0.08 0.08 unch 0.00 0.37 0.06 0.29 0.29 0.29 unch 0.00 0.45 0.20 0.00 0.00 6.25 unch 0.00 6.25 1.51 0.66 0.58 0.61 - 0.01 0.80 0.19 5.70 5.36 5.58 + 0.09 6.29 2.63 0.00 0.00 4.65 unch 0.00 4.65 2.60 0.03 0.02 0.03 - 0.01 0.18 0.02 0.02 0.00 0.02 - 0.00 0.11 0.02 2.35 2.27 2.28 - 0.07 3.67 2.26 1.84 1.71 1.84 + 0.05 2.75 1.40 3.87 3.27 3.85 + 0.52 6.20 2.73 0.01 0.01 0.01 unch 0.00 0.15 0.01 1.14 1.03 1.06 - 0.02 2.26 0.97 0.92 0.81 0.81 - 0.01 1.69 0.71 0.19 0.00 0.19 unch 0.00 0.19 0.07 0.13 0.09 0.11 + 0.01 0.13 0.03 0.16 0.13 0.13 - 0.02 0.17 0.05 0.14 0.13 0.14 unch 0.00 0.37 0.13 0.10 0.08 0.10 - 0.00 0.28 0.08 0.00 0.00 0.00 + 0.00 0.00 0.00 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.29 0.00 0.25 - 0.03 0.38 0.10 0.26 0.19 0.19 - 0.07 0.28 0.02 0.04 0.03 0.04 + 0.01 0.08 0.00 0.05 0.05 0.05 + 0.01 0.10 0.02 0.05 0.04 0.04 - 0.01 0.17 0.04 0.18 0.17 0.18 + 0.01 0.23 0.05 0.13 0.00 0.13 - 0.01 0.16 0.03 0.12 0.11 0.11 - 0.01 0.14 0.10 0.24 0.21 0.22 - 0.01 0.38 0.20 0.32 0.29 0.29 - 0.02 0.49 0.28 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.05 0.05 0.05 unch 0.00 0.12 0.02 0.22 0.19 0.21 + 0.01 0.29 0.01 0.29 0.26 0.26 - 0.01 1.70 0.20 0.03 0.00 0.03 - 0.01 0.20 0.03 1.30 1.20 1.25 unch 0.00 3.10 1.10 0.12 0.09 0.09 - 0.03 0.18 0.07 4.12 3.74 3.98 + 0.05 6.48 3.24 3.18 2.83 3.04 + 0.06 4.97 2.43 0.07 0.06 0.06 - 0.01 0.10 0.03 0.32 0.29 0.31 + 0.01 0.34 0.17 0.41 0.39 0.41 + 0.03 0.44 0.23 0.07 0.06 0.06 - 0.01 0.25 0.05 0.09 0.00 0.08 - 0.01 0.39 0.07 0.03 0.02 0.02 - 0.01 0.06 0.02 0.04 0.03 0.04 + 0.01 0.08 0.03 0.82 0.75 0.80 - 0.02 1.08 0.52 1.12 1.00 1.06 - 0.02 1.44 0.71 0.41 0.00 0.35 - 0.08 0.91 0.12 0.32 0.26 0.26 - 0.06 0.69 0.09 0.21 0.19 0.20 + 0.01 0.30 0.11 0.16 0.14 0.16 + 0.01 0.22 0.09 0.13 0.11 0.11 - 0.01 0.23 0.08 0.05 0.05 0.05 unch 0.00 0.11 0.04 0.04 0.03 0.04 + 0.01 0.07 0.02 0.01 0.01 0.01 - 0.00 0.03 0.01 0.08 0.05 0.07 - 0.01 0.16 0.02 0.10 0.08 0.08 - 0.01 0.23 0.04 0.04 0.04 0.04 unch 0.00 0.05 0.03 0.02 0.02 0.02 unch 0.00 0.20 0.02 0.09 0.07 0.07 - 0.02 0.15 0.06 0.06 0.05 0.06 - 0.01 0.11 0.04 0.07 0.07 0.07 unch 0.00 0.10 0.05 0.12 0.10 0.11 - 0.01 0.19 0.09 0.15 0.14 0.14 unch 0.00 0.25 0.12 0.22 0.19 0.19 - 0.01 0.31 0.01 0.31 0.25 0.29 + 0.04 0.60 0.08 0.06 0.06 0.06 unch 0.00 0.06 0.02 0.07 0.00 0.06 - 0.01 0.10 0.06 4.01 3.39 3.82 - 0.01 4.44 1.72 5.38 4.83 5.04 - 0.03 5.91 2.25 0.13 0.12 0.12 - 0.01 0.23 0.09 0.10 0.09 0.09 - 0.01 0.17 0.07 0.11 0.10 0.11 unch 0.00 0.34 0.08 0.12 0.00 0.08 - 0.00 0.25 0.06 0.07 0.07 0.07 + 0.01 0.23 0.05 0.00 0.00 0.00 - 0.00 1.09 0.00 0.13 0.10 0.13 + 0.02 1.00 0.00 0.17 0.14 0.15 + 0.01 0.60 0.12 0.03 0.02 0.02 unch 0.00 0.17 0.02 0.02 0.02 0.02 + 0.00 0.13 0.02 0.04 0.04 0.04 unch 0.00 0.15 0.04 0.53 0.40 0.53 + 0.13 0.95 0.30 6.89 5.92 6.26 - 0.24 9.57 1.85 5.25 4.64 4.75 - 0.13 7.23 1.42 0.00 0.00 0.00 + 0.00 0.10 0.00 0.92 0.75 0.79 - 0.10 1.58 0.70 0.69 0.57 0.61 - 0.07 1.19 0.54 0.03 0.03 0.03 unch 0.00 0.03 0.01 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.06 0.06 0.06 unch 0.00 0.15 0.04 0.00 0.00 0.01 unch 0.00 0.01 0.01 0.07 0.00 0.07 unch 0.00 0.08 0.04 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.06 0.05 0.05 unch 0.00 0.09 0.02 0.09 0.06 0.07 - 0.02 0.12 0.04 0.20 0.17 0.20 + 0.02 0.22 0.04 0.15 0.12 0.12 unch 0.00 0.70 0.12 0.12 0.00 0.12 - 0.01 0.16 0.05 0.10 0.09 0.09 - 0.01 0.12 0.04 0.04 0.02 0.04 + 0.02 0.08 0.02 0.04 0.00 0.04 unch 0.00 0.11 0.03 0.12 0.11 0.11 unch 0.00 0.12 0.08 0.09 0.05 0.08 + 0.03 0.18 0.04 0.13 0.11 0.12 - 0.00 0.17 0.01 0.17 0.14 0.15 - 0.01 0.23 0.12 0.10 0.04 0.06 - 0.03 0.15 0.00 0.16 0.15 0.15 unch 0.00 0.26 0.13 0.87 0.67 0.70 - 0.14 2.15 0.55 0.65 0.52 0.55 - 0.09 1.62 0.42 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.09 0.08 0.08 - 0.01 0.14 0.06 0.07 0.06 0.07 - 0.00 0.11 0.04 0.55 0.55 0.55 unch 0.00 0.74 0.38 0.90 0.85 0.88 - 0.02 3.38 0.80 0.06 0.05 0.05 - 0.01 0.29 0.05 0.06 0.03 0.04 - 0.01 0.22 0.03 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.00 0.00 0.03 unch 0.00 0.04 0.02 0.08 0.00 0.07 - 0.01 0.17 0.05 0.05 0.00 0.05 - 0.01 0.13 0.04 0.10 0.09 0.10 + 0.01 0.19 0.08 0.27 0.22 0.27 + 0.05 0.32 0.18 3.21 2.91 3.17 + 0.25 3.86 1.47 0.20 0.18 0.18 + 0.01 0.33 0.15 0.25 0.23 0.24 unch 0.00 0.44 0.21 0.01 0.01 0.01 - 0.06 0.59 0.04 0.10 0.01 0.10 - 0.05 0.70 0.10 0.05 0.04 0.04 - 0.01 0.07 0.03 0.03 0.00 0.03 unch 0.00 0.04 0.02 2.04 1.78 1.99 + 0.08 3.07 1.21 0.12 0.00 0.12 unch 0.00 0.15 0.05 0.08 0.08 0.08 unch 0.00 0.08 0.02 0.78 0.56 0.78 - 0.01 1.54 0.41 0.02 0.02 0.02 unch 0.00 0.03 0.01 1.22 1.04 1.20 + 0.07 1.25 0.78 0.05 0.00 0.05 + 0.01 0.12 0.03 0.04 0.04 0.04 - 0.00 0.10 0.02 0.14 0.13 0.13 - 0.01 0.35 0.13 0.05 0.03 0.03 - 0.03 0.08 0.02 0.00 0.00 0.00 unch 0.00 0.14 0.00 2.50 2.16 2.50 + 0.34 2.79 1.90 0.09 0.06 0.08 + 0.01 3.21 0.06 0.02 0.02 0.02 + 0.01 0.05 0.02 0.08 0.07 0.07 - 0.01 0.09 0.03 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.04 0.03 0.03 - 0.01 0.04 0.02 3.67 3.33 3.60 + 0.05 7.83 2.99 4.82 4.40 4.72 + 0.02 10.42 3.98 0.35 0.32 0.34 - 0.01 0.53 0.32 0.26 0.24 0.26 + 0.00 0.39 0.24 0.06 0.04 0.05 + 0.01 0.32 0.04 1.72 1.39 1.40 - 0.27 2.30 0.60 2.24 1.80 1.86 - 0.38 3.05 0.76 0.03 0.03 0.03 unch 0.00 0.15 0.03 0.00 0.00 0.00 unch 0.00 0.13 0.00

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

I-J-K I-Minerals* O 20 I-Minerals V 45 IAMGOLD T 4844 10593 IAMGOLD* N Icon Explor* O 2 Iconic Mnls * O 153 Iconic Mnls V 424 Idaho Champion C 438 IEMR Res V 1184 IM Exploration C 37 IMC Intl Mng C 249 iMetal Res* O 0 iMetal Res V 1052 IMPACT Silver V 304 Impala Platnm* O 0 Imperial Metal T 162 O 114 Imperial Metal* Imperial Mg Gr V 789 Inca One Gold* O 872 Inca One Gold V 898 Inception Mng * O 21 Independence G V 78 Independence G* O 2 Indigo Expl V 40 Infinite Lith V 316 Infrastructure* O 59 Inomin Mines V 190 Integra Res* O 44 Integra Res V 136 Inter-Rock Mnl V 20 Interconnect V 160 Intercontinent* O 0 Intercontinent V 93 Intl Battery C 153 Intl Battery* O 67 Intl Bethl Mng V 10 Intl Cobalt* O 40 Intl Cobalt C 37 Intl Lithium* O 28 Intl Lithium V 983 Intl Montoro V 779 Intl Prospect * O 0 Intl Prospect V 855 Intl Samuel Ex V 505 Intl Star* O 18490 151 Intl Tower Hil* X Intl Tower Hil T 27 Intl Zeolite V 565 Intl Zeolite* O 26 Intrepid Pots* N 1452 INV Metals* O 29 INV Metals T 89 Inventus Mg V 301 88 Inventus Mg * O InZinc Mining* O 624 InZinc Mining V 251 Irving Res* O 36 Irving Res C 111 IsoEnergy Ltd V 131 Itafos* O 33 Itafos V 84 Itoco Inc* O 419 Ivanhoe Mines* O 241 T 3754 Ivanhoe Mines Jade Leader* O 63 Jade Leader V 51 Jaeger Res * O 2 Jaeger Res V 17 Jaguar Mng T 889 Jaguar Mng* O 187 Japan Gold V 515 Japan Gold* O 76 Jaxon Mining V 541 Jayden Res* O 200 Jayden Res V 274 JDF Explor Inc C 407 O 1153 Jervois Mining* Jervois Mining V 2438 Jiulian Res V 168 Josemaria Res* O 24 T 97 Josemaria Res Joshua Gold* O 239 Jourdan Res V 2336 Jubilee Gold V 1 O 109 Juggernaut Exp* Juggernaut Exp V 4681 Jupiter Gold* O 0 K2 Gold V 247 K92 Mining* O 269 K92 Mining V 1692 Kaizen Discov V 472 Kaizen Discvry* O 140 Kal Minerals C 4 Kapuskasing Gd V 393 Karam Min C 240 Karmin Expl V 709 Karnalyte Res T 27 KAT Expl* O 37998 Katanga Mng T 1403 Kenadyr Mining V 777 Kenadyr Mining* O 61 Kermode Res V 50 Kerr Mines* O 405 Kerr Mines T 428 Kesselrun Res V 32 Kestrel Gold V 383 Kilo Goldmines V 1137 Kilo Goldmines* O 281 Kincora Copper* O 4 Kincora Copper V 45 King Global* O 2 King Global V 20 Kingsmen Res V 85 Kingsmen Res* O 1 O 25 Kingsrose Mng* Kinross Gold* N 39633 Kinross Gold T 18456 Kintavar Exp V 98 Kirkland Lake* N 4126 Kirkland Lake T 4593 Klondike Gold* O 81 Klondike Gold V 333 Klondike Silv* O 222 Klondike Silv V 2610 Kombat Copper V 384 Komet Resource V 250 Kootenay Silvr* O 180 Kootenay Silvr V 987 Kootenay Zinc C 25 Kootenay Zinc* O 6 KOPR Point C 26 Kore Mining V 100 Kore Mining * O 22 Kutcho Copper * O 9 KWG Res* O 5 KWG Res C 212

0.03 0.02 0.03 + 0.01 0.14 0.02 0.03 0.03 0.03 unch 0.00 0.19 0.03 4.75 4.47 4.67 + 0.04 5.55 3.08 3.58 3.37 3.54 + 0.03 4.17 2.28 0.07 0.07 0.07 unch 0.00 0.21 0.07 0.06 0.04 0.04 - 0.00 0.14 0.04 0.06 0.06 0.06 - 0.01 0.19 0.05 0.05 0.04 0.04 - 0.01 0.26 0.04 0.02 0.01 0.01 - 0.01 0.02 0.01 0.09 0.08 0.08 unch 0.00 0.15 0.08 0.50 0.00 0.47 - 0.04 0.55 0.30 0.00 0.00 0.06 unch 0.00 0.14 0.03 0.08 0.06 0.07 - 0.01 0.19 0.04 0.35 0.33 0.35 + 0.02 0.51 0.20 0.00 0.00 6.35 unch 0.00 6.35 1.82 2.17 1.91 1.92 - 0.07 3.50 0.99 1.62 1.45 1.46 - 0.10 2.60 0.76 0.04 0.04 0.04 unch 0.00 0.11 0.04 0.03 0.02 0.02 unch 0.00 0.04 0.02 0.04 0.03 0.03 unch 0.00 0.05 0.03 0.08 0.00 0.05 - 0.02 0.55 0.00 0.07 0.00 0.07 unch 0.00 0.10 0.04 0.05 0.04 0.04 - 0.01 0.08 0.00 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.05 0.04 0.04 - 0.01 0.15 0.04 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.03 0.03 0.03 unch 0.00 0.05 0.02 1.03 0.93 0.97 - 0.02 1.07 0.44 1.36 1.25 1.31 unch 0.00 1.42 0.61 0.27 0.27 0.27 unch 0.00 0.35 0.19 0.06 0.06 0.06 unch 0.00 0.08 0.04 0.00 0.00 0.13 unch 0.00 0.25 0.07 0.23 0.18 0.18 unch 0.00 0.41 0.09 0.15 0.13 0.15 + 0.01 0.23 0.05 0.12 0.10 0.12 + 0.02 0.18 0.03 0.04 0.03 0.03 - 0.01 0.10 0.02 0.01 0.01 0.01 + 0.00 0.07 0.00 0.02 0.01 0.01 - 0.01 0.08 0.01 0.03 0.02 0.03 + 0.01 0.07 0.02 0.05 0.03 0.05 + 0.01 0.10 0.03 0.05 0.04 0.05 + 0.01 0.09 0.03 0.06 0.06 0.06 unch 0.00 0.16 0.06 0.09 0.09 0.09 unch 0.00 0.21 0.09 0.02 0.01 0.02 + 0.01 0.07 0.01 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.55 0.50 0.52 - 0.01 0.72 0.35 0.72 0.67 0.68 - 0.01 0.94 0.48 0.09 0.07 0.07 - 0.01 0.16 0.05 0.06 0.06 0.06 unch 0.00 0.12 0.01 3.42 3.10 3.12 - 0.31 4.41 2.51 0.28 0.24 0.24 - 0.03 0.59 0.22 0.37 0.32 0.34 - 0.03 0.83 0.30 0.09 0.07 0.08 - 0.01 0.16 0.07 0.07 0.06 0.06 - 0.01 0.12 0.06 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.03 0.02 0.03 + 0.01 0.07 0.02 1.85 1.73 1.84 + 0.06 2.50 0.82 2.45 2.31 2.45 + 0.09 3.25 1.08 0.45 0.43 0.44 - 0.01 0.79 0.29 0.97 0.84 0.97 + 0.13 1.23 0.39 1.30 1.15 1.30 + 0.10 1.63 0.53 0.77 0.42 0.76 + 0.16 0.90 0.06 2.60 2.42 2.52 + 0.02 3.46 1.50 3.35 3.18 3.31 + 0.02 4.54 2.04 0.24 0.24 0.24 unch 0.00 0.27 0.13 0.32 0.27 0.27 - 0.05 0.35 0.13 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.18 0.16 0.16 - 0.03 0.30 0.07 0.14 0.11 0.13 - 0.01 0.22 0.05 0.28 0.25 0.27 - 0.01 0.43 0.09 0.23 0.19 0.20 + 0.00 0.32 0.07 0.05 0.03 0.04 unch 0.00 0.14 0.03 0.02 0.02 0.02 unch 0.00 0.12 0.00 0.02 0.02 0.02 unch 0.00 0.20 0.01 0.60 0.49 0.51 - 0.05 0.71 0.01 0.16 0.14 0.15 + 0.01 0.20 0.12 0.20 0.19 0.20 unch 0.00 0.24 0.13 0.02 0.02 0.02 unch 0.00 0.14 0.01 0.49 0.42 0.49 + 0.04 0.91 0.42 0.64 0.60 0.64 + 0.01 1.22 0.57 0.40 0.18 0.37 + 0.18 0.40 0.08 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.95 0.95 0.95 unch 0.00 0.95 0.54 0.17 0.00 0.15 + 0.06 1.51 0.06 0.30 0.01 0.21 + 0.06 2.05 0.10 1.05 0.00 1.05 unch 0.00 2.25 0.79 0.25 0.22 0.23 - 0.02 0.37 0.16 1.90 1.70 1.74 - 0.03 2.08 0.51 2.37 2.24 2.27 - 0.08 2.67 0.67 0.04 0.04 0.04 - 0.01 0.09 0.04 0.04 0.02 0.04 - 0.00 0.07 0.02 0.13 0.13 0.13 unch 0.00 0.25 0.12 0.14 0.11 0.11 - 0.02 0.14 0.03 0.13 0.13 0.13 unch 0.00 0.15 0.05 1.02 1.01 1.02 + 0.01 1.02 0.60 0.21 0.00 0.21 + 0.03 0.36 0.15 0.00 0.00 0.00 + 0.00 0.00 0.00 0.40 0.34 0.35 - 0.05 0.83 0.30 0.07 0.04 0.05 - 0.01 0.11 0.04 0.05 0.04 0.04 - 0.01 0.08 0.04 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.12 0.10 0.12 + 0.01 0.21 0.07 0.16 0.14 0.16 + 0.01 0.27 0.11 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.03 0.02 0.02 unch 0.00 0.03 0.01 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.01 0.00 0.00 - 0.00 0.02 0.00 0.06 0.06 0.06 unch 0.00 0.11 0.05 0.08 0.07 0.07 - 0.01 0.16 0.07 0.02 0.02 0.02 unch 0.00 0.05 0.00 0.03 0.03 0.03 unch 0.00 0.10 0.03 0.09 0.00 0.09 + 0.01 0.70 0.07 0.05 0.00 0.05 unch 0.00 0.52 0.01 0.12 0.12 0.12 unch 0.00 0.16 0.09 4.77 4.50 4.66 + 0.06 5.47 2.38 6.27 5.94 6.13 + 0.05 7.24 3.15 0.16 0.13 0.15 + 0.01 0.29 0.11 45.20 43.15 44.76 + 0.03 51.08 18.12 60.65 57.00 58.79 - 0.35 67.87 23.98 0.20 0.19 0.20 + 0.01 0.35 0.10 0.26 0.24 0.24 - 0.01 0.45 0.17 0.03 0.00 0.02 - 0.01 0.05 0.02 0.04 0.00 0.04 + 0.01 0.07 0.03 0.20 0.17 0.18 - 0.01 0.20 0.05 0.10 0.10 0.10 unch 0.00 0.25 0.10 0.20 0.18 0.20 + 0.01 0.23 0.08 0.27 0.24 0.26 + 0.02 0.32 0.11 0.06 0.05 0.06 unch 0.00 0.29 0.05 0.05 0.00 0.05 + 0.01 0.17 0.02 0.08 0.00 0.07 - 0.02 0.35 0.01 0.30 0.28 0.29 + 0.01 0.41 0.08 0.23 0.20 0.23 - 0.00 0.31 0.09 0.16 0.11 0.13 + 0.01 0.35 0.10 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.01 0.01 0.01 unch 0.00 0.02 0.01

La Imperial C 145 Labrador Gold V 38 O 1308 Labrador IMH* Labrador IOR T 1530 Labrador IOR* O 34 Lake Forest Mi* O 0 Lake Resources* O 5 Lara Expl V 97 Laramide Res T 763 Laredo Res* O 85 Largo Res T 1839 Largo Res* O 667 Lateral Gold V 327 Latin American V 29 Latin Metals V 63 Latin Metals* O 50 Laurion Mnl Ex V 1331 Laurion Mnl Ex* O 568 Le Mare Gold* O 1 Le Mare Gold V 18 Leading Edge V 851 Leading Edge* O 642 Leagold Mg* O 753 Leagold Mg T 2183 Leeta Gold V 2861 Legion Metals C 1432 Leo Res* O 4 Lepanto Con Mg* O 704 Libero Copper* O 169 Libero Copper V 1139 Liberty Gold* O 716 Liberty One Li V 248 Liberty One Li* O 370 LiCo Energy* O 12 LiCo Energy V 89 Lincoln Mng V 6

0.02 0.02 0.02 unch 0.00 0.07 0.02 0.14 0.13 0.13 - 0.01 0.26 0.13 0.02 0.00 0.02 + 0.02 0.03 0.00 24.37 22.39 22.92 - 1.39 36.01 22.16 20.31 17.36 17.47 - 0.57 27.20 16.69 0.00 0.00 5.00 unch 0.00 5.00 0.50 0.02 0.02 0.02 unch 0.00 0.09 0.02 0.59 0.49 0.49 - 0.10 0.61 0.41 0.24 0.20 0.21 - 0.01 0.50 0.20 0.01 0.00 0.00 - 0.00 0.02 0.00 1.51 1.34 1.38 - 0.04 4.65 1.33 1.09 1.02 1.04 - 0.03 3.56 0.99 0.06 0.03 0.03 - 0.02 0.42 0.03 0.01 0.00 0.01 unch 0.00 0.03 0.01 0.12 0.00 0.12 unch 0.00 0.24 0.08 0.09 0.09 0.09 + 0.00 0.11 0.02 0.19 0.16 0.16 - 0.02 0.22 0.07 0.15 0.00 0.13 - 0.01 0.16 0.05 0.03 0.00 0.02 - 0.00 0.14 0.00 0.04 0.04 0.04 + 0.01 0.18 0.03 0.12 0.06 0.08 - 0.03 0.40 0.06 0.08 0.04 0.06 - 0.01 0.30 0.04 2.08 1.82 1.98 + 0.05 2.33 0.95 2.75 2.40 2.62 + 0.04 3.07 1.28 0.23 0.19 0.21 + 0.01 0.82 0.17 0.40 0.36 0.40 + 0.01 0.83 0.30 0.01 0.01 0.01 - 0.00 0.28 0.01 0.00 0.00 0.00 - 0.00 0.00 0.00 0.11 0.07 0.10 - 0.02 0.18 0.05 0.15 0.10 0.13 - 0.01 0.23 0.07 0.71 0.62 0.69 + 0.02 0.75 0.21 0.08 0.06 0.06 + 0.01 0.18 0.06 0.05 0.03 0.04 + 0.00 0.14 0.03 0.03 0.02 0.03 + 0.00 0.12 0.02 0.04 0.04 0.04 unch 0.00 0.15 0.03 0.07 0.00 0.07 unch 0.00 0.25 0.05

L

(100s) Stock

Week

13

12-month

Exc Volume High Low Last Change High Low

Lincoln Mng * O 0 Lion One Mtls V 258 152 Lion One Mtls* O Lions Bay Cap V 485 Lions Bay Mg * O 1 Lions Bay Mg C 79 Lions Gate Mtl* O 2 Lithion Energy* O 4 Lithium Amer* N 405 Lithium Amer T 146 Lithium Chile V 375 Lithium Chile* O 73 Lithium Corp* O 122 O 8 Lithium Energi* Lithium Energi V 111 Lithium Expl* O 1955 V 28 Lithoquest Dia Lithoquest Dia* O 1 LKA Gold* O 14 Lode-Star Mg* O 10 Logan Res* O 72 Logan Res V 245 Lomiko Mtls V 954 Lomiko Mtls* O 1467 Loncor Res* O 36 Loncor Res T 69 60 Lone Star Gold* O Los Andes V 47 Lucara Diam T 1287 Lucky Min V 782 Lucky Min* O 445 Luckystrike * O 4 Luckystrike V 1570 Lumina Gold* O 51 Lumina Gold V 81 Luminex Res V 113 Lundin Gold T 1184 Lundin Mng* O 45 Lundin Mng T 8778 3 Lupaka Gold * O Lupaka Gold V 901 Lydian Intl T 1596 Lydian Intl* O 216 Lynas Corp* O 187 Lynas Corp* O 230

0.00 0.00 0.00 unch 0.00 0.93 0.86 0.88 + 0.02 1.05 0.35 0.70 0.64 0.67 + 0.01 0.79 0.24 0.06 0.05 0.06 unch 0.00 0.10 0.04 0.10 0.00 0.10 + 0.00 0.14 0.00 0.15 0.00 0.15 + 0.03 0.20 0.03 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.33 0.33 0.33 unch 0.00 0.35 0.02 3.08 2.95 3.03 - 0.03 4.89 2.75 4.07 3.87 3.95 - 0.07 6.43 3.74 0.34 0.29 0.32 - 0.02 0.70 0.29 0.26 0.00 0.25 - 0.01 0.54 0.23 0.07 0.05 0.06 + 0.01 0.16 0.05 0.05 0.05 0.05 unch 0.00 0.30 0.05 0.08 0.07 0.07 - 0.01 0.36 0.07 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.09 0.08 0.08 - 0.02 0.27 0.07 0.08 0.08 0.08 unch 0.00 0.18 0.06 0.14 0.08 0.08 - 0.06 0.43 0.06 0.05 0.05 0.05 + 0.00 0.15 0.02 0.05 0.05 0.05 unch 0.00 0.12 0.00 0.08 0.07 0.07 - 0.01 0.24 0.07 0.04 0.02 0.04 + 0.01 0.09 0.02 0.03 0.01 0.03 + 0.01 0.07 0.01 0.33 0.00 0.27 - 0.06 0.40 0.09 0.40 0.31 0.35 - 0.04 0.44 0.12 0.49 0.28 0.42 - 0.17 2.12 0.05 0.41 0.00 0.37 - 0.05 0.52 0.15 1.18 1.06 1.12 + 0.02 2.25 1.02 0.04 0.03 0.03 - 0.01 0.20 0.03 0.03 0.02 0.02 - 0.01 0.14 0.02 0.01 0.01 0.01 unch 0.00 0.27 0.01 0.03 0.00 0.03 unch 0.00 0.35 0.02 0.47 0.40 0.40 - 0.02 1.03 0.35 0.55 0.52 0.53 unch 0.00 0.73 0.46 0.68 0.63 0.67 + 0.02 1.02 0.51 7.81 7.07 7.44 - 0.30 9.04 4.42 5.35 5.00 5.20 - 0.00 5.94 3.60 6.91 6.40 6.82 unch 0.00 7.96 4.70 0.01 0.01 0.01 unch 0.00 0.13 0.01 0.02 0.00 0.02 unch 0.00 0.21 0.02 0.11 0.10 0.10 - 0.01 0.28 0.07 0.08 0.07 0.08 unch 0.00 0.21 0.05 1.83 1.70 1.76 - 0.05 2.29 1.05 1.87 1.70 1.73 - 0.07 2.33 1.05

M Macarthur Min V 1581 0.06 0.05 0.06 + 0.01 0.17 0.02 O 32 0.05 0.03 0.04 unch 0.00 0.31 0.01 Macarthur Min* MacDonald Mns* O 307 0.16 0.12 0.13 - 0.01 0.16 0.02 V 3111 0.21 0.17 0.17 - 0.03 0.21 0.03 MacDonald Mns MAG Silver T 1845 13.56 12.53 12.77 - 0.40 18.60 8.10 O 2 1.80 0.00 1.60 - 0.03 3.80 0.80 Magellan Gold* MagIndustries* O 25 0.00 0.00 0.00 unch 0.00 0.00 0.00 Magna Gold V 350 0.38 0.29 0.29 - 0.08 0.55 0.19 0.25 Magna Gold* O 109 0.27 0.24 0.25 - 0.02 0.38 Magna Terra V 2440 0.02 0.02 0.02 unch 0.00 0.05 0.01 Magnitude Mng V 25 0.12 0.10 0.10 - 0.02 0.20 0.04 Majestic Gold* O 213 0.04 0.03 0.04 + 0.01 0.07 0.03 0.04 Majestic Gold V 216 0.06 0.00 0.06 + 0.01 0.09 Makena Res* O 33 0.61 0.00 0.61 + 0.09 2.18 0.42 Mako Mining V 435 0.20 0.18 0.18 - 0.01 0.24 0.09 Mako Mining* O 79 0.15 0.13 0.14 - 0.01 0.18 0.01 Mammoth Res V 6 0.03 0.00 0.03 + 0.01 0.09 0.02 0.45 Mandalay Res T 298 1.15 0.83 0.95 - 0.17 1.60 O 29 0.85 0.68 0.72 - 0.13 1.12 0.03 Mandalay Res* Manganese X* O 3 0.09 0.09 0.09 unch 0.00 0.15 0.06 Manganese X V 271 0.11 0.09 0.10 unch 0.00 0.19 0.08 V 107 0.04 0.04 0.04 unch 0.00 0.05 0.02 Mangazeya Mng Mangazeya Mng* O 2 0.03 0.03 0.03 unch 0.00 0.04 0.01 20 0.02 0.02 0.02 + 0.00 0.05 0.02 Manitou Gold * O Manitou Gold V 1247 0.03 0.02 0.03 - 0.01 0.08 0.02 Maple Gold V 1489 0.12 0.10 0.11 + 0.01 0.13 0.07 0.05 Maple Gold* O 2807 0.09 0.08 0.09 + 0.01 0.10 Marathon Gold* O 352 1.29 1.12 1.27 + 0.08 1.26 0.49 T 1479 1.68 1.48 1.66 + 0.07 1.65 0.65 Marathon Gold Margaret Lake V 182 0.03 0.03 0.03 + 0.01 0.11 0.02 0.03 Margaux Res V 174 0.08 0.06 0.07 - 0.01 0.15 0.02 Margaux Res* O 32 0.07 0.05 0.05 - 0.02 0.08 Marifil Mines* O 149 0.07 0.04 0.05 - 0.00 0.14 0.04 0.05 Marifil Mines V 215 0.08 0.07 0.08 + 0.01 0.18 Maritime Res V 579 0.09 0.00 0.08 unch 0.00 0.12 0.08 Martina Mnls V 30 0.05 0.05 0.05 unch 0.00 0.12 0.04 MartinMarietta* N 2115 270.83 263.18 265.78 + 0.35 275.99 150.75 Mas Gold V 145 0.07 0.06 0.06 - 0.01 0.16 0.04 Mascota Res* O 50 0.07 0.07 0.07 unch 0.00 2.50 0.06 O 195 0.20 0.16 0.18 + 0.02 0.71 0.16 Mason Graphite* Mason Graphite V 456 0.24 0.21 0.23 + 0.02 0.93 0.21 Matachewan Con V 5 0.12 0.12 0.12 unch 0.00 0.25 0.11 unch 0.00 0.22 0.04 Matica Ent C 2151 0.05 0.04 0.05 Matmown* O 43 0.01 0.01 0.01 unch 0.00 0.03 0.00 Maverix Metals T 183 5.99 5.21 5.82 + 0.34 6.96 4.06 Maverix Metals* X 131 4.63 4.05 4.44 + 0.28 5.50 1.55 0.09 Mawson Res* O 67 0.12 0.09 0.12 + 0.02 0.25 Mawson Res T 174 0.17 0.14 0.16 + 0.02 0.35 0.14 MAX Res V 5309 0.05 0.02 0.02 - 0.03 0.50 0.02 O 45 0.06 0.04 0.06 + 0.00 0.19 0.02 MaxTech Vent* MaxTech Vent C 124 0.09 0.07 0.09 unch 0.00 0.26 0.03 unch 0.00 4.54 0.05 Maxwell Res* O 0 0.00 0.00 0.09 Maya Gold &Sil* O 12 1.44 1.15 1.41 + 0.06 2.08 1.15 Maya Gold &Sil T 109 1.95 1.67 1.89 + 0.21 2.73 1.58 Mazarin V 17 0.07 0.06 0.06 - 0.02 0.18 0.05 unch 0.00 1.00 0.01 MBMI Res* O 0 0.00 0.00 0.01 MBMI Res V 2 0.13 0.00 0.13 unch 0.00 0.36 0.04 unch 0.00 1.00 0.01 MBMI Res* O 0 0.00 0.00 0.01 unch 0.00 0.93 0.56 McChip Res V 5 0.56 0.56 0.56 McEwen Mng T 1648 2.19 1.95 2.11 - 0.02 3.20 1.67 McEwen Mng* N 17496 1.63 1.48 1.60 - 0.01 2.44 1.23 unch 0.00 0.05 0.01 McLaren Res C 770 0.05 0.02 0.05 MDN Inc* O 138 0.40 0.35 0.40 + 0.04 0.36 0.11 Meadow Bay Gd* O 10 0.03 0.03 0.03 unch 0.00 0.04 0.02 Mechel* N 260 1.88 1.80 1.86 + 0.04 3.11 1.53 Medallion Res V 206 0.10 0.08 0.08 - 0.01 0.28 0.08 Medallion Res* O 127 0.08 0.06 0.06 + 0.00 0.21 0.06 Medgold Res V 45 0.08 0.00 0.08 + 0.01 0.31 0.07 Medgold Res* O 31 0.07 0.00 0.07 unch 0.00 0.24 0.06 Medinah Mnrls* O 2596 0.00 0.00 0.00 - 0.00 0.00 0.00 Mega Copper V 5 0.12 0.12 0.12 unch 0.00 0.18 0.12 Mega Uranium* O 142 0.07 0.05 0.06 - 0.01 0.11 0.05 T 2993 0.09 0.08 0.08 - 0.01 0.15 0.08 Mega Uranium 0.04 Megastar Dev V 132 0.10 0.09 0.09 - 0.01 0.19 MegumaGold* O 33 0.06 0.03 0.06 + 0.03 0.16 0.03 MegumaGold C 949 0.10 0.09 0.10 + 0.01 0.26 0.06 0.01 Melior Res V 649 0.03 0.02 0.02 - 0.01 0.80 Melkior Res V 259 0.03 0.03 0.03 unch 0.00 0.13 0.02 Merger Mines* O 0 0.00 0.00 25.00 unch 0.00 Meridian Mg * O 80 0.03 0.03 0.03 - 0.00 0.13 0.03 Meridian Mg V 135 0.06 0.05 0.06 + 0.02 0.22 0.04 Meridius Res V 10 0.15 0.15 0.15 unch 0.00 0.22 0.09 Meryllion Res* O 1 0.00 0.00 0.00 unch 0.00 0.02 0.00 Meryllion Res C 12 0.01 0.00 0.01 - 0.01 0.04 0.01 Mesa Expl* O 5 0.00 0.00 0.00 unch 0.00 0.00 0.00 unch 0.00 0.02 0.01 MetalCorp V 13 0.01 0.01 0.01 Metalex Vent V 3057 0.03 0.02 0.03 unch 0.00 0.08 0.02 0.52 Metalla Rylty* O 680 1.15 1.00 1.02 - 0.04 1.15 Metalla Rylty V 868 1.44 1.32 1.36 - 0.03 1.50 0.69 Metallic Mnrls* O 296 0.14 0.12 0.13 - 0.00 0.19 0.08 0.11 Metallic Mnrls V 375 0.19 0.16 0.17 - 0.01 0.25 Metallis Res V 167 0.55 0.46 0.48 - 0.04 0.99 0.39 Metalo Manuf C 25 0.25 0.25 0.25 unch 0.00 0.45 0.10 Metalore Res V 0 1.85 0.00 1.85 unch 0.00 2.60 0.89 Metals Creek* O 75 0.04 0.03 0.04 + 0.00 0.05 0.02 Metals Creek V 85 0.05 0.04 0.05 + 0.01 0.06 0.03 Mexican Gold* O 194 0.08 0.06 0.07 - 0.02 0.17 0.06 Mexus Gold* O 3783 0.01 0.01 0.01 + 0.00 0.03 0.00 MGX Minerals* O 631 0.12 0.09 0.10 - 0.01 0.57 0.09 MGX Minerals C 1874 0.17 0.12 0.13 - 0.01 0.74 0.12 Michelin C 3 0.20 0.15 0.15 unch 0.00 0.50 0.15 Midas Gold T 598 0.64 0.58 0.59 - 0.05 1.10 0.56 Midas Gold* O 430 0.56 0.42 0.45 - 0.03 0.85 0.41 Midland Expl V 153 0.92 0.80 0.85 + 0.02 1.46 0.80 Midnight Star C 116 0.14 0.11 0.12 - 0.01 0.40 0.11 Midnight Sun V 290 0.11 0.11 0.11 unch 0.00 0.17 0.10 Millennial Lit* O 56 1.02 0.87 0.96 - 0.02 1.59 0.67 Millennial Lit V 113 1.39 1.22 1.29 - 0.02 2.12 1.04 Millrock Res* O 514 0.10 0.07 0.09 + 0.02 0.13 0.05 Millrock Res V 679 0.13 0.09 0.12 + 0.03 0.17 0.07 Milner Con Slv V 350 0.04 0.04 0.04 unch 0.00 0.08 0.02 Minaurum Gold V 165 0.42 0.39 0.40 + 0.01 0.58 0.32 Minaurum Gold* O 375 0.33 0.29 0.32 + 0.01 0.45 0.23 Minco Silver* O 39 0.61 0.51 0.61 + 0.08 0.73 0.24 Minco Silver T 174 0.80 0.70 0.80 + 0.10 0.99 0.35 Minera Alamos * O 1225 0.17 0.13 0.16 + 0.02 0.17 0.06 Minera Alamos V 2544 0.21 0.18 0.21 + 0.03 0.21 0.09 Minera IRL C 105 0.14 0.11 0.11 - 0.03 0.19 0.05 0.10 Mineral Mtn V 1128 0.32 0.19 0.24 + 0.05 0.32 Mineral Mtn* O 211 0.24 0.14 0.19 + 0.06 0.18 0.07 Mineral Res* O 2 8.77 8.77 8.77 unch 0.00 12.00 8.77 MineralRite* O 5924 0.00 0.00 0.00 + 0.00 0.00 0.00 Mineworx Tech V 890 0.17 0.12 0.13 - 0.03 0.24 0.07 Mineworx Tech* O 332 0.13 0.10 0.10 - 0.03 0.18 0.06 Minfocus Expl V 20 0.05 0.05 0.05 unch 0.00 0.09 0.03 Minfocus Expl* O 20 0.04 0.04 0.04 unch 0.00 0.07 0.02 Mining Global* O 1615 0.00 0.00 0.00 unch 0.00 0.00 0.00 Minsud Res V 4 0.06 0.06 0.06 unch 0.00 0.09 0.01 Miramont Res* O 230 0.08 0.07 0.07 - 0.01 0.48 0.07

2019-10-21 4:46 PM

14

WWW.NORTHERNMINER.COM

OCTOBER 28–NOVEMBER 10, 2019 / 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

Miramont Res C 229 Mirasol Res V 365 Mistango River C 115 Mkango Res V 208 ML Gold* O 1 ML Gold Corp V 325 Monarca Mnrls* O 188 Monarca Mnrls V 356 Monarch Gold T 358 Monarch Gold* O 152 Moneta Porcpn* O 29 Moneta Porcpn T 757 Monitor Vent V 6 Monitor Vent* O 0 Monster Uran* O 0 Monster Uran V 3 Monterey Min C 105 Montero Mg&Ex V 1 V 872 Monument Mng Morien Res* O 66 Morien Res V 153 Mosaic* N 14119 Mountain Boy V 23 Mountain Boy* O 1 Mountain Prov* D 98 Mountain Prov T 1269 Mundoro Cap* O 103 Mundoro Cap V 233 Murchison Min V 381 MX Gold* O 164

0.11 0.10 0.11 unch 0.00 0.63 0.10 0.59 0.53 0.55 + 0.01 1.40 0.49 0.04 0.02 0.02 - 0.02 0.05 0.01 0.11 0.10 0.11 + 0.01 0.19 0.09 0.10 0.10 0.10 - 0.01 0.54 0.01 0.13 0.11 0.13 unch 0.00 0.77 0.09 0.04 0.04 0.04 - 0.01 0.06 0.01 0.06 0.05 0.06 + 0.01 0.08 0.02 0.23 0.20 0.22 - 0.01 0.33 0.19 0.20 0.14 0.18 + 0.00 0.24 0.11 0.09 0.08 0.09 + 0.00 0.12 0.06 0.12 0.10 0.11 + 0.01 0.16 0.07 0.15 0.00 0.15 + 0.01 0.98 0.14 0.11 0.00 0.11 unch 0.00 0.80 0.10 0.00 0.00 0.11 unch 0.00 0.11 0.10 0.08 0.08 0.08 unch 0.00 0.32 0.08 0.07 0.07 0.07 unch 0.00 0.16 0.04 0.00 0.00 0.09 unch 0.00 0.20 0.05 0.06 0.05 0.05 - 0.01 0.08 0.04 0.31 0.29 0.31 + 0.04 0.42 0.25 0.40 0.35 0.40 + 0.06 0.57 0.34 20.62 19.48 19.55 - 1.17 37.37 17.36 0.22 0.18 0.20 - 0.02 0.28 0.15 0.14 0.14 0.14 + 0.00 0.21 0.04 1.08 0.94 1.06 + 0.02 1.98 0.65 1.44 1.24 1.38 - 0.04 2.49 0.91 0.13 0.10 0.11 - 0.02 0.19 0.00 0.15 0.14 0.15 unch 0.00 0.25 0.10 0.06 0.04 0.04 - 0.02 0.18 0.04 0.00 0.00 0.00 unch 0.00 0.01 0.00

NA Frac Sand* O 250 NACCO Ind* N 89 Namibia Crit V 252 Namibia Crit* O 250 Napier Vent V 47 Napier Vent* O 2 Natural Res Pt* N 69 Nautilus Mnrls* O 599 Navis Res Corp* O 0 Nemaska Lith T 11361 Nemaska Lith* O 1655 Neo Lithium V 580 Neometals* O 3 Network Expl* O 107 Network Expl V 325 Nevada Canyon* O 40 Nevada Copper T 3416 Nevada Energy* O 13 Nevada Energy V 11 Nevada Expl * O 151 Nevada Expl V 135 Nevada Sunrise* O 26 Nevada Sunrise V 42 Nevada Zinc V 108 Nevado Res V 50 New Age Metals* O 9 New Age Metals V 409 New Carolin Gd* O 361 New Carolin Gd V 202 New Destiny Mg V 41 New Dimen Res V 165 New Dimen Res* O 20 New Energy Met V 54 New Gold T 5015 New Gold* X 11380 New Guinea Gld* O 5 New Jersey Mng* O 142 New Milln Iron* O 33 New Milln Iron T 166 New Oroperu V 10 New Pac Metals V 469 New Pac Metals* O 295 New Tech Min* O 0 New Tech Min C 74 Newlox Gold C 22 Newmac Res* O 3 Newmac Res V 38 Newmont Gdcorp T 466 Newmont Gdcorp* N 29.06 Newport Expl V 109 Newport Gold* O 125 NewRange Gold* O 271 NewRange Gold V 577 Nexa Resources T 3 Nexa Resources* N 1086 Nexco Res C 38 Nexgen Energy* X 792 Nexgen Energy T 728 NextSource Mat T 1441 Nexus Gold* O 222 Nexus Gold V 2808 NGEx Minerals V 85 Nickel Creek T 469 Nickel Creek* O 382 Nickel North V 8 Nicola Mg Inc V 317 Nighthawk Gold T 784 Nighthawk Gold* O 257 Niobay Metals V 207 Niocan Inc V 8 Niocorp Dev T 295 Niocorp Dev* O 433 Nippon Dragon V 141 Nippon Dragon* O 148 Nitinat Mnls V 65 Noble Metal V 506 Noble Mineral* O 18 Noble Mineral V 827 Noka Res* O 466 Noram Vent V 200 Noram Vent* O 21 Noranda Alum* O 28 Nordic Gold* O 39 Nordic Gold V 377 Noront Res V 283 Noront Res* O 108 Norra Metals V 598 Nortec Mnls V 60 North Am Nickl V 58 North Am Nickl* O 31 144 North Am Pall* O North Am Pall T 918 North Arrow Mn* O 21 North Arrow Mn V 197 North Bay Res * O 53483 O 295 North Springs* Northcliff Res T 83 Northern Light C 437 Northisle C&G * O 4 Northisle C&G V 34 Northway Res V 245 Norvista Cap V 256 NorZinc T 539 NorZinc* O 85 Nouveau Monde V 639 O 76 Nouveau Monde* NovaGold Res T 1276 NovaGold Res* X 9034 Novo Res* O 318 Novo Res V 780 NRG Metals* O 130 NRG Metals V 93 Nrthn Graphite V 482 Nrthn Graphite* O 193 Nrthn Lion V 0 Nrthn Mnrls &E* O 5 Nrthn Shield V 823 Nrthn Superior* O 28 Nrthn Superior V 635 Nrthn Vertex* O 49 Nrthn Vertex V 278 NSGold V 2 NSS Res Inc C 80 Nthn Dynasty T 715 Nthn Dynasty* X 4515 Nthrn Sphere* O 150 Nubian Res V 189 Nuinsco Res C 3990 Nuinsco Res* O 50 NuLegacy Gold* O 201 NuLegacy Gold V 314 Nutrien* N 3792 Nutrien T 5079 NV Gold V 166 NV Gold* O 116 NX Uranium* O 50 NxGold Ltd* O 0

0.02 0.02 0.02 unch 0.00 0.03 0.00 65.64 62.36 63.58 - 1.42 66.40 28.77 0.14 0.08 0.14 + 0.05 0.26 0.08 0.11 0.06 0.10 + 0.04 0.23 0.06 0.19 0.18 0.18 - 0.01 0.34 0.17 0.15 0.15 0.15 unch 0.00 0.28 0.13 27.70 26.21 26.68 - 0.34 44.71 25.00 0.00 0.00 0.00 unch 0.00 0.07 0.00 0.00 0.00 0.24 unch 0.00 0.24 0.24 0.24 0.17 0.21 - 0.03 0.88 0.17 0.19 0.12 0.16 - 0.02 0.68 0.12 0.53 0.46 0.52 + 0.03 1.15 0.46 0.12 0.12 0.12 unch 0.00 0.39 0.10 0.19 0.16 0.17 + 0.00 0.45 0.16 0.25 0.20 0.25 + 0.02 0.54 0.20 0.04 0.04 0.04 unch 0.00 0.25 0.04 0.23 0.20 0.21 - 0.01 0.53 0.20 0.09 0.07 0.09 - 0.00 0.13 0.07 0.16 0.00 0.12 - 0.01 0.19 0.10 0.21 0.16 0.17 - 0.01 0.38 0.14 0.25 0.21 0.22 - 0.03 0.50 0.19 0.04 0.04 0.04 + 0.00 0.11 0.03 0.05 0.05 0.05 unch 0.00 0.15 0.05 0.05 0.04 0.05 + 0.01 0.14 0.04 0.12 0.11 0.11 unch 0.00 0.20 0.09 0.04 0.03 0.03 - 0.00 0.08 0.02 0.05 0.04 0.05 + 0.01 0.10 0.04 0.11 0.09 0.09 - 0.02 0.18 0.05 0.14 0.13 0.13 unch 0.00 0.26 0.08 0.09 0.08 0.08 unch 0.00 0.24 0.08 0.05 0.04 0.04 unch 0.00 0.10 0.04 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.11 0.11 0.11 unch 0.00 0.84 0.08 1.35 1.21 1.32 + 0.08 2.03 0.82 1.03 0.91 1.00 + 0.06 1.56 0.61 0.01 0.01 0.01 + 0.01 0.01 0.00 0.15 0.14 0.14 - 0.04 0.20 0.11 0.04 0.04 0.04 + 0.00 0.08 0.03 0.07 0.06 0.06 - 0.01 0.11 0.04 0.54 0.54 0.54 unch 0.00 0.64 0.22 4.63 4.21 4.59 + 0.29 6.71 1.18 3.54 3.21 3.51 + 0.26 5.09 0.86 0.01 0.00 0.01 - 0.01 0.04 0.01 0.02 0.00 0.02 unch 0.00 0.05 0.02 0.07 0.05 0.07 + 0.01 0.10 0.03 0.03 0.03 0.03 unch 0.00 0.04 0.00 0.05 0.05 0.05 unch 0.00 0.10 0.04 51.18 49.27 50.36 + 0.70 54.87 40.01 23977 38.79 37.26 38.44 + 0.82 41.23

N-O

12-15_OCT28_StockTables.indd 14

0.31 0.29 0.29 + 0.01 0.38 0.22 0.01 0.01 0.01 unch 0.00 0.04 0.00 0.10 0.08 0.09 - 0.01 0.21 0.04 0.13 0.12 0.12 - 0.01 0.24 0.11 13.92 12.72 13.76 + 0.87 17.81 9.40 10.64 9.76 10.35 + 0.51 13.69 7.00 0.04 0.04 0.04 - 0.01 0.12 0.03 1.40 1.30 1.33 unch 0.00 2.53 1.10 1.86 1.74 1.77 + 0.01 3.31 1.46 0.05 0.04 0.05 unch 0.00 0.16 0.03 0.07 0.06 0.06 + 0.00 0.18 0.04 0.09 0.07 0.08 - 0.01 0.18 0.07 0.41 0.40 0.40 unch 0.00 0.66 0.30 0.09 0.07 0.08 - 0.01 0.15 0.03 0.07 0.05 0.06 - 0.01 0.10 0.02 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.11 0.10 0.10 - 0.01 0.14 0.08 0.40 0.37 0.38 - 0.01 0.73 0.31 0.31 0.26 0.29 - 0.00 0.54 0.23 0.53 0.45 0.52 + 0.05 0.53 0.15 0.16 0.14 0.15 + 0.02 0.36 0.11 0.59 0.55 0.57 - 0.01 0.69 0.50 0.46 0.41 0.43 - 0.02 0.52 0.36 0.03 0.03 0.03 unch 0.00 0.03 0.01 0.01 0.01 0.01 + 0.00 0.02 0.00 0.04 0.04 0.04 + 0.01 0.11 0.03 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.07 0.07 0.07 - 0.00 0.13 0.04 0.10 0.08 0.09 - 0.01 0.18 0.06 0.12 0.10 0.10 - 0.02 0.32 0.08 0.08 0.06 0.08 + 0.01 0.32 0.06 0.05 0.05 0.05 + 0.00 0.22 0.05 0.01 0.00 0.00 - 0.00 0.04 0.00 0.03 0.03 0.03 + 0.01 0.10 0.02 0.05 0.04 0.05 + 0.02 0.13 0.03 0.22 0.20 0.21 + 0.01 0.35 0.19 0.16 0.15 0.16 + 0.01 0.26 0.15 0.04 0.04 0.04 - 0.01 0.09 0.04 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.19 0.00 0.19 + 0.01 0.50 0.10 0.15 0.00 0.15 + 0.12 0.40 0.02 15.54 13.32 14.98 + 0.11 19.91 6.69 19.70 19.51 19.63 unch 0.00 26.30 9.12 0.05 0.04 0.04 - 0.01 0.14 0.04 0.06 0.06 0.06 - 0.01 0.18 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.01 0.01 0.01 - 0.00 0.03 0.00 0.07 0.06 0.06 unch 0.00 0.11 0.05 0.03 0.03 0.03 unch 0.00 0.15 0.02 0.05 0.00 0.04 + 0.00 0.09 0.03 0.06 0.00 0.06 unch 0.00 0.13 0.05 0.11 0.10 0.11 + 0.01 0.14 0.10 0.10 0.08 0.09 - 0.01 0.13 0.06 0.09 0.08 0.09 unch 0.00 0.13 0.08 0.07 0.06 0.07 + 0.01 0.10 0.05 0.21 0.17 0.19 - 0.03 0.33 0.17 0.17 0.14 0.14 - 0.02 0.26 0.15 8.62 7.94 8.58 + 0.30 10.55 4.57 6.58 6.01 6.53 + 0.25 7.95 3.42 2.18 1.81 2.13 + 0.25 2.67 1.38 2.87 2.41 2.80 + 0.33 3.55 1.87 0.09 0.06 0.09 + 0.01 0.25 0.03 0.11 0.09 0.11 + 0.02 0.56 0.08 0.07 0.06 0.06 - 0.01 0.27 0.06 0.07 0.04 0.05 - 0.00 0.21 0.04 0.00 0.00 0.25 unch 0.00 0.46 0.15 0.04 0.00 0.04 + 0.01 0.12 0.02 0.06 0.05 0.06 unch 0.00 0.12 0.02 0.08 0.08 0.08 unch 0.00 0.22 0.02 0.11 0.10 0.11 unch 0.00 0.40 0.10 0.23 0.20 0.21 - 0.01 0.27 0.12 0.30 0.00 0.29 + 0.01 0.35 0.16 0.11 0.00 0.11 unch 0.00 0.15 0.07 0.12 0.10 0.10 - 0.02 0.26 0.03 0.75 0.66 0.73 + 0.04 1.47 0.56 0.58 0.50 0.57 + 0.04 1.12 0.41 0.10 0.10 0.10 unch 0.00 0.20 0.00 0.19 0.13 0.19 + 0.04 0.19 0.07 0.01 0.01 0.01 + 0.01 0.08 0.01 0.01 0.01 0.01 unch 0.00 0.04 0.00 0.06 0.04 0.05 - 0.01 0.15 0.02 0.07 0.07 0.07 unch 0.00 0.19 0.03 50.85 48.79 48.99 - 1.90 57.97 43.96 67.37 64.10 64.27 - 2.93 75.78 59.97 0.22 0.18 0.21 + 0.02 0.29 0.07 0.16 0.14 0.16 + 0.01 0.22 0.05 0.05 0.03 0.05 + 0.02 1.00 0.02 0.00 0.00 0.04 unch 0.00 0.11 0.04

(100s) Stock

Week

(100s) Stock

12-month

Exc Volume High Low Last Change High Low

NxGold Ltd V 236 O.T. Mining* O 0 O3 Mining* O 4 O3 Mining V 52 OceanaGold T 12520 OceanaGold* O 6 50 Oceanic Iron O V Oceanic Iron O* O 4 Oceanus Res V 127 O 1 Oceanus Res* Olivut Res V 34 Olivut Res* O 10 Omineca Mining V 160 Omineca Mining* O 24 155 One World Lith C One World Lith* O 16 Opawica Expl V 499 Opus One Res V 286 Orbite Tech* O 150 Orca Gold V 66 Orca Gold* O 21 Orefinders Res V 152 Orestone Mng V 244 Orex Mnrls* O 74 Orex Mnrls V 292 Orezone Gold* O 98 Orezone Gold V 241 Orford Mining V 95 OrganiMax* O 0 OrganiMax V 21 Origin Gold V 88 O 47 Original Sixtn* Orla Mng Ltd T 182 Orla Mng Ltd* O 41 Oroco Res V 743 Oroco Res* O 654 Orocobre T 35 V 100 Oronova Energy Orosur Mng T 147 Orsu Metals V 1 O 3 Orvana Mnrls* Orvana Mnrls T 261 Osino Res V 304 Osisko Gold* N 3333 Osisko Gold T 1476 O 79 Osisko Metals* Osisko Metals V 170 Osisko Mng Inc T 2180 Osprey Gold V 519 Otis Gold V 269 Otis Gold* O 44 Outcrop Gold V 1603 Outcrop Gold* O 514 OZ Minerals* O 5

0.04 0.03 0.04 unch 0.00 0.14 0.03 0.00 0.00 0.07 unch 0.00 0.24 0.04 1.87 1.83 1.86 + 0.01 2.09 1.71 2.50 2.35 2.50 + 0.05 4.00 1.60 3.56 2.98 3.16 - 0.27 5.01 2.85 2.60 2.30 2.35 - 0.25 3.74 2.20 0.07 0.07 0.07 unch 0.00 0.15 0.04 0.07 0.07 0.07 unch 0.00 0.07 0.03 0.06 0.05 0.05 - 0.01 0.17 0.05 0.05 0.04 0.05 unch 0.00 0.10 0.04 0.06 0.00 0.06 - 0.01 0.16 0.06 0.06 0.05 0.05 - 0.00 0.12 0.04 0.07 0.06 0.07 unch 0.00 0.09 0.02 0.05 0.04 0.05 + 0.00 0.07 0.01 0.13 0.10 0.13 - 0.01 0.28 0.09 0.10 0.09 0.10 - 0.00 0.22 0.07 0.06 0.06 0.06 unch 0.00 0.11 0.05 0.05 0.04 0.05 + 0.01 0.08 0.01 0.00 0.00 0.00 unch 0.00 0.17 0.00 0.35 0.34 0.35 + 0.01 0.55 0.30 0.27 0.25 0.26 - 0.01 0.40 0.23 0.07 0.06 0.06 - 0.01 0.08 0.03 0.12 0.10 0.12 - 0.01 0.25 0.09 0.07 0.00 0.06 + 0.00 0.09 0.03 0.09 0.08 0.08 - 0.01 0.13 0.05 0.53 0.00 0.53 - 0.01 0.67 0.30 0.70 0.00 0.67 - 0.02 0.88 0.39 0.05 0.05 0.05 unch 0.00 0.25 0.04 0.10 0.00 0.10 - 0.04 0.14 0.02 0.15 0.00 0.12 - 0.02 0.30 0.05 0.09 0.07 0.08 - 0.01 0.14 0.07 0.11 0.04 0.11 + 0.07 0.13 0.00 1.74 1.45 1.52 - 0.11 1.80 0.85 1.26 1.18 1.18 - 0.06 1.34 0.00 0.38 0.32 0.32 - 0.06 0.74 0.18 0.33 0.25 0.25 - 0.03 0.56 0.13 2.22 2.09 2.10 - 0.09 4.77 2.05 0.05 0.05 0.05 unch 0.00 0.16 0.04 0.07 0.05 0.06 - 0.01 0.15 0.04 0.00 0.00 0.27 unch 0.00 0.40 0.18 0.19 0.15 0.19 + 0.03 0.30 0.09 0.22 0.19 0.19 - 0.03 0.41 0.12 0.75 0.70 0.72 unch 0.00 1.07 0.22 9.55 9.07 9.45 + 0.26 13.43 7.00 12.54 11.99 12.40 + 0.28 17.47 9.27 0.40 0.38 0.40 + 0.01 0.54 0.36 0.52 0.49 0.50 - 0.01 0.72 0.46 3.17 2.85 2.94 - 0.20 3.90 2.19 0.05 0.04 0.05 - 0.01 0.07 0.04 0.10 0.10 0.10 + 0.01 0.19 0.07 0.08 0.07 0.08 + 0.01 0.15 0.05 0.20 0.10 0.12 - 0.03 0.43 0.10 0.11 0.08 0.09 - 0.02 0.33 0.01 6.55 6.40 6.41 + 0.12 7.89 6.03

Pac Arc Res V 3 33 Pac Bay Mnrls V 0 Pac Bay Mnrls* O Pac Booker Min V 3 11 Pac Booker Min* O Pac Imperial V 2048 Pac Iron Ore V 1300 302 Pac Ridge Expl V Pac Ridge Expl* O 1 Pac Wildcat* O 1000 V 150 Pacific Empire Pacific Rim C 407 Pacific Rim* O 38 Pacific Silk V 237 Pacton Gold V 2395 O 707 Paladin Energy* Palamina Corp V 48 O 23 Palamina Corp* Paleo Resource V 90 Paleo Resource* O 143 Palladium One V 735 O 19 Palladium One* Pan Am Silver* D 10786 Pan Am Silver T 1833 828 Pan Andean Min V Pan Andean Min* O 2 75 Pan Global Res V Pancontinental* O 79 Pancontinental V 525 Panex Res* O 5811 Pangolin Dia V 609 Panoro Mnrls V 249 PanTerra Gold* O 0 V 92 Pantheon Vent Para Resources V 165 Parallel Mng V 576 Paramount Gold* X 99 Paringa Res* O 37 Paringa Res* D 0 Parlane Res V 143 Pasinex Res C 2 Patriot Gold C 40 Patriot Gold* O 35 Peabody Enrgy* N 3195 Pedro Res V 210 Pelangio Expl* O 0 Pelangio Expl V 33 Peloton Mnrls C 207 O 197 Peloton Mnrls* Perseus Mng T 508 Pershimex Res V 160 O 697 Pershing Res* Peruvian Metal V 81 Petra Diamonds* O 68 Philex Mng* O 156 Philippine Mtl* O 23 Pike Mountain C 142 Pine Cliff En T 834 Pine Cliff En* O 1136 Pinecrest Res V 85 Pistol Bay Mng V 1511 Pistol Bay Mng* O 11 Pivit Explor C 130 PJSC Polyus Gd* O 1 PJX Res V 157 Plata Latina V 55 Plate Res V 100 Plateau Energy V 100 Plateau Energy* O 4 Platinex Inc* O 60 Platinex Inc C 271 Platinum Gp Mt T 187 Platinum Gp Mt* X 611 Plato Gold V 50 Playfair Mng V 212 Playfair Mng* O 3 PolyMet Mng* X 642 PolyMet Mng T 18 Portage Res* O 339 Portex Mnrls* O 0 Portofino Res V 405 Potash Ridge* O 121 Potash Ridge T 348 Power Group* O 33 Power Group V 228 Power Metals* O 196 Power Metals V 422 PowerOre V 179 PPX Mining* O 15 PPX Mining V 5276 Precipitate Gl* O 592 Precipitate Gl V 778 Premier Gold M T 3157 Premium Expl* O 100 Pretium Res* N 5824 Pretium Res T 1528 Prime Meridian V 37 Prism Res V 74 Prize Mng* O 228 Prize Mng V 3476 ProAm Expl V 255 Probe Metals* O 53 Probe Metals V 96 Prog Planet V 711 Promithian Gl * O 81 Prophecy Coal* O 402 Prophecy Coal T 933 Prophecy Pot C 1 Prosper Gold V 360 Prospero Silvr V 139 Prospero Silvr* O 48 Provenance Gld C 101 Providence V 345

0.27 0.27 0.27 unch 0.00 0.45 0.20 0.07 0.07 0.07 unch 0.00 0.20 0.06 0.03 0.03 0.03 unch 0.00 0.05 0.03 3.00 2.97 2.97 - 0.02 4.10 0.65 2.18 2.07 2.18 unch 0.00 3.10 0.50 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.05 0.03 0.05 unch 0.00 0.10 0.03 0.05 0.05 0.05 unch 0.00 0.07 0.04 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.00 0.00 0.00 unch 0.00 0.11 0.00 0.04 0.04 0.04 unch 0.00 0.10 0.03 0.15 0.14 0.14 unch 0.00 0.34 0.10 0.13 0.10 0.12 + 0.00 0.26 0.07 0.03 0.01 0.01 - 0.02 0.04 0.01 0.16 0.13 0.15 - 0.01 0.42 0.11 0.08 0.06 0.07 - 0.00 0.19 0.06 0.24 0.23 0.23 - 0.02 0.41 0.20 0.19 0.17 0.19 + 0.01 0.31 0.16 0.04 0.03 0.04 + 0.01 0.10 0.01 0.03 0.02 0.03 - 0.00 0.07 0.00 0.06 0.05 0.06 unch 0.00 0.15 0.03 0.05 0.04 0.04 - 0.01 0.07 0.02 16.57 15.44 16.40 + 0.18 19.48 10.26 21.76 20.40 21.52 + 0.09 25.99 13.83 0.06 0.03 0.06 + 0.01 0.09 0.03 0.04 0.02 0.04 + 0.01 0.07 0.02 0.10 0.09 0.09 - 0.01 0.20 0.06 0.02 0.01 0.01 + 0.00 0.05 0.01 0.03 0.03 0.03 unch 0.00 0.08 0.02 0.00 0.00 0.00 - 0.00 0.01 0.00 0.10 0.05 0.07 + 0.01 0.10 0.03 0.14 0.10 0.11 - 0.03 0.26 0.10 0.00 0.00 0.01 unch 0.00 0.01 0.00 0.05 0.05 0.05 unch 0.00 0.12 0.04 0.16 0.12 0.16 + 0.03 0.22 0.11 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.79 0.69 0.72 - 0.03 1.24 0.64 0.02 0.02 0.02 unch 0.00 0.35 0.02 0.00 0.00 2.41 unch 0.00 9.02 1.65 0.06 0.00 0.05 - 0.01 0.20 0.03 0.00 0.00 0.04 unch 0.00 0.14 0.03 0.06 0.06 0.06 unch 0.00 0.06 0.04 0.06 0.04 0.04 - 0.01 0.15 0.04 16.11 15.03 15.40 - 0.11 37.37 13.89 0.10 0.09 0.10 unch 0.00 0.29 0.09 0.11 0.00 0.11 + 0.01 0.29 0.09 0.15 0.14 0.15 + 0.01 0.38 0.12 0.10 0.07 0.09 unch 0.00 0.13 0.07 0.07 0.05 0.07 + 0.01 0.11 0.05 0.72 0.63 0.70 + 0.06 0.78 0.32 0.04 0.03 0.04 unch 0.00 0.06 0.03 0.01 0.00 0.01 unch 0.00 0.05 0.00 0.04 0.00 0.04 unch 0.00 0.06 0.03 0.09 0.09 0.09 unch 0.00 0.53 0.09 0.10 0.00 0.09 + 0.03 0.10 0.00 0.00 0.00 0.00 unch 0.00 0.07 0.00 0.15 0.14 0.15 unch 0.00 0.15 0.10 0.15 0.13 0.14 - 0.01 0.36 0.10 0.10 0.10 0.10 - 0.01 0.25 0.07 0.20 0.18 0.18 - 0.02 0.28 0.16 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.02 0.02 0.02 + 0.00 0.05 0.01 0.16 0.14 0.16 + 0.01 0.64 0.06 55.25 0.00 55.25 - 5.74 60.99 31.05 0.19 0.14 0.14 + 0.01 0.36 0.11 0.03 0.02 0.02 unch 0.00 0.04 0.02 0.05 0.05 0.05 unch 0.00 0.07 0.03 0.25 0.23 0.23 - 0.01 1.09 0.23 0.20 0.00 0.20 + 0.02 0.81 0.12 0.01 0.01 0.01 unch 0.00 0.06 0.01 0.02 0.02 0.02 unch 0.00 0.09 0.02 2.15 1.82 2.07 - 0.02 2.91 1.36 1.62 1.33 1.57 - 0.02 2.17 1.04 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.05 0.04 0.04 unch 0.00 0.07 0.02 0.03 0.03 0.03 unch 0.00 0.04 0.01 0.35 0.31 0.33 - 0.00 1.25 0.30 0.46 0.41 0.43 - 0.01 1.60 0.40 0.00 0.00 0.00 - 0.00 0.02 0.00 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.03 0.03 0.03 unch 0.00 0.16 0.03 0.03 0.00 0.02 - 0.01 0.08 0.02 0.04 0.00 0.04 unch 0.00 0.11 0.03 0.07 0.05 0.07 + 0.02 0.18 0.01 0.09 0.07 0.08 + 0.01 0.45 0.07 0.07 0.04 0.06 + 0.02 0.20 0.04 0.08 0.06 0.08 + 0.02 0.26 0.06 0.06 0.06 0.06 - 0.01 0.14 0.05 0.03 0.03 0.03 unch 0.00 0.07 0.03 0.05 0.05 0.05 unch 0.00 0.10 0.05 0.12 0.10 0.12 + 0.01 0.13 0.03 0.16 0.13 0.15 + 0.01 0.17 0.04 1.97 1.82 1.89 + 0.07 2.55 1.39 0.00 0.00 0.00 unch 0.00 0.01 0.00 12.47 11.54 12.38 + 0.58 13.83 6.65 16.37 15.23 16.25 + 0.67 18.30 8.85 0.06 0.05 0.05 - 0.01 0.16 0.05 0.03 0.03 0.03 unch 0.00 0.05 0.03 0.01 0.00 0.01 unch 0.00 0.14 0.01 0.01 0.00 0.01 unch 0.00 0.18 0.01 0.07 0.07 0.07 unch 0.00 0.12 0.05 0.91 0.81 0.89 + 0.06 1.16 0.68 1.23 1.08 1.17 + 0.07 1.53 0.91 0.03 0.03 0.03 unch 0.00 0.08 0.03 1.50 0.00 1.25 + 1.17 1.50 0.02 0.41 0.33 0.36 - 0.00 0.56 0.11 0.50 0.43 0.47 - 0.01 0.74 0.15 0.11 0.00 0.11 unch 0.00 0.13 0.01 0.07 0.06 0.06 - 0.01 0.18 0.06 0.05 0.05 0.05 unch 0.00 0.11 0.04 0.04 0.04 0.04 + 0.00 0.08 0.03 0.20 0.18 0.18 - 0.01 0.25 0.10 0.13 0.10 0.11 - 0.01 0.20 0.08

P-Q

Week

12-month

Exc Volume High Low Last Change High Low

Providence Gld* O 50 PUF Vent Inc * O 2224 Puma Expl V 1139 Puma Expl* O 50 Pure Alumina* O 4 Pure Energy* O 230 Pure Energy V 154 791 Pure Gold Mg* O Pure Gold Mg V 1004 Pure Nickel* O 215 Pure Nickel V 242 Purepoint Uran V 20 Q-Gold Res* O 6 Q-Gold Res V 5 QC Precious V 161 QC Precious * O 83 QMC Quantum Ml V 340 QMC Quantum Ml* O 160 QMX Gold* O 30 QMX Gold V 511 Quadro Res V 0 Quantum Cobalt C 56 Quantum Cobalt* O 2 Quartz Mtn Res* O 0 193 Quartz Mtn Res V Quaterra Res V 124 Quaterra Res* O 2295 Quest Rare Mnl* O 662 Quinto Res V 570

0.09 0.09 0.09 unch 0.00 0.16 0.06 0.21 0.17 0.21 + 0.03 0.64 0.09 0.02 0.01 0.02 unch 0.00 0.05 0.01 0.02 0.01 0.01 - 0.00 0.04 0.01 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.05 0.03 0.04 - 0.00 0.13 0.03 0.06 0.05 0.05 unch 0.00 0.18 0.05 0.45 0.41 0.44 + 0.00 0.62 0.36 0.59 0.55 0.59 + 0.02 0.81 0.49 0.04 0.03 0.04 - 0.00 0.06 0.00 0.06 0.05 0.05 - 0.01 0.09 0.01 0.06 0.06 0.06 unch 0.00 0.11 0.05 0.18 0.18 0.18 unch 0.00 0.21 0.14 0.26 0.26 0.26 unch 0.00 0.30 0.12 0.26 0.22 0.26 + 0.02 0.40 0.22 0.21 0.16 0.20 + 0.00 0.31 0.16 0.11 0.09 0.11 + 0.01 0.37 0.09 0.09 0.06 0.09 + 0.01 0.29 0.06 0.04 0.04 0.04 - 0.00 0.07 0.03 0.06 0.05 0.05 - 0.01 0.11 0.04 0.00 0.00 0.02 unch 0.00 0.07 0.02 0.04 0.00 0.04 unch 0.00 0.11 0.03 0.03 0.03 0.03 + 0.00 0.09 0.02 0.00 0.00 0.16 unch 0.00 0.31 0.16 0.20 0.00 0.18 - 0.02 0.53 0.17 0.08 0.07 0.07 - 0.01 0.13 0.05 0.05 0.05 0.05 + 0.00 0.10 0.04 0.01 0.01 0.01 + 0.00 0.06 0.00 0.07 0.05 0.06 - 0.01 0.09 0.02

R Rackla Metals* O 0 0.00 0.00 0.09 unch 0.00 0.12 0.05 unch 0.00 0.20 0.08 Rackla Metals V 0 0.00 0.00 0.12 Radisson Mng V 701 0.19 0.16 0.19 + 0.02 0.21 0.09 0.09 Radius Gold V 180 0.27 0.23 0.24 - 0.03 0.47 0.04 Rain City C 156 0.06 0.04 0.04 - 0.02 0.14 Rainforest Res* O 10 6.50 5.84 6.50 + 0.63 8.00 4.00 174 0.13 0.09 0.09 - 0.02 0.40 0.09 Rainy Mtn Royl V Rambler Metals* O 1 0.01 0.01 0.01 unch 0.00 0.04 0.00 Rare Element* O 696 0.29 0.22 0.27 + 0.02 0.60 0.03 V 50 0.10 0.10 0.10 unch 0.00 0.13 0.03 Rathdowney Res Ravencrest Res C 744 0.25 0.22 0.22 - 0.01 0.93 0.22 Red Eagle Mng* O 152 0.00 0.00 0.00 unch 0.00 0.07 0.00 21 0.04 0.03 0.04 unch 0.00 0.11 0.01 Red Moon Res V Red Oak Mining V 150 0.03 0.02 0.02 - 0.01 0.08 0.01 0.04 0.04 0.04 unch 0.00 0.08 0.03 Red Pine Expl V 2681 Redstar Gold V 795 0.03 0.03 0.03 - 0.01 0.04 0.02 Redstar Gold* O 522 0.02 0.01 0.02 - 0.00 0.04 0.01 Regency Gold V 50 0.13 0.13 0.13 unch 0.00 0.23 0.10 Regis Res NL* O 3 3.30 3.25 3.28 - 0.02 4.61 2.96 unch 0.00 2.00 1.25 Regulus Res V 176 1.35 1.27 1.33 Remington Res V 78 0.16 0.12 0.16 unch 0.00 0.23 0.12 O 293 0.27 0.23 0.25 + 0.03 0.33 0.11 Renaissance Gd* Renaissance Gd V 146 0.35 0.29 0.33 + 0.03 0.43 0.15 Renforth Res C 663 0.05 0.04 0.05 + 0.01 0.06 0.02 unch 0.00 0.13 0.06 Resolve Vent V 2 0.08 0.00 0.08 Reunion Gold V 231 0.23 0.20 0.21 - 0.02 0.34 0.15 Reunion Gold* O 75 0.17 0.15 0.15 - 0.01 0.25 0.12 Revelo Res V 244 0.01 0.01 0.01 unch 0.00 0.03 0.01 170 0.41 0.33 0.39 - 0.01 0.67 0.32 Revival Gold * O Revival Gold V 457 0.53 0.43 0.52 - 0.01 0.87 0.43 unch 0.00 0.26 0.14 Rhyolite Res V 3 0.17 0.17 0.17 Richmond Mnls V 123 0.05 0.03 0.03 - 0.02 0.06 0.02 Ridgestone M’g V 10 0.24 0.24 0.24 unch 0.00 0.30 0.15 V 3 0.13 0.13 0.13 unch 0.00 0.22 0.13 Riley Resource Rimrock Gold* O 28567 0.00 0.00 0.00 unch 0.00 0.00 0.00 Rio Silver V 83 0.05 0.04 0.04 - 0.01 0.05 0.03 O 0 0.00 0.00 52.60 unch 0.00 62.00 43.47 Rio Tinto* Rio Tinto* N 14859 52.24 50.42 50.95 - 1.90 64.02 44.62 Rio Tinto* O 1 62.37 0.00 61.70 + 0.76 74.50 51.74 0.24 Rio2 Limited* O 82 0.33 0.29 0.32 - 0.00 0.52 Rio2 Limited V 943 0.46 0.40 0.42 + 0.01 0.70 0.31 0.08 0.07 0.07 - 0.01 0.12 0.06 Rise Gold Corp C 1046 Rise Gold Corp* O 242 0.06 0.05 0.05 - 0.00 0.10 0.04 Riverside Res* O 364 0.11 0.10 0.11 - 0.00 0.17 0.10 0.13 Riverside Res V 356 0.15 0.14 0.15 - 0.01 0.22 RJK Explor* O 3 0.08 0.08 0.08 unch 0.00 0.10 0.00 0.04 RJK Explor V 250 0.11 0.00 0.09 - 0.01 0.14 Robex Res V 340 0.10 0.09 0.10 + 0.01 0.11 0.06 Rochester Res V 0 0.00 0.00 0.03 unch 0.00 0.06 0.03 O 0 0.00 0.00 0.02 unch 0.00 0.04 0.02 Rochester Res* Rock Tech Lith* O 6 0.38 0.38 0.38 unch 0.00 0.73 0.38 56 0.54 0.51 0.53 - 0.01 1.35 0.50 Rock Tech Lith V Rockcliff Met C 3309 0.09 0.06 0.09 + 0.02 0.19 0.06 Rockcliff Met* O 7 0.04 0.04 0.04 unch 0.00 0.14 0.02 Rockex Mng C 25 0.04 0.04 0.04 unch 0.00 0.10 0.01 Rockhaven Res V 112 0.17 0.14 0.15 + 0.02 0.19 0.09 V 119 0.17 0.16 0.17 + 0.01 0.39 0.14 Rockridge Res Rockwell Diam* O 1 0.00 0.00 0.00 unch 0.00 0.00 0.00 Rodinia Lithm V 428 0.05 0.00 0.05 + 0.01 0.08 0.03 0.04 Rogue Res* O 26 0.09 0.08 0.08 - 0.01 0.10 Rogue Res V 77 0.10 0.10 0.10 - 0.01 0.21 0.06 V 115 0.05 0.04 0.04 - 0.01 0.10 0.03 Rokmaster Res 306 0.04 0.03 0.03 unch 0.00 0.06 0.02 Romios Gold Rs* O Romios Gold Rs V 462 0.04 0.04 0.04 unch 0.00 0.08 0.04 O 21 0.11 0.11 0.11 unch 0.00 0.23 0.09 RosCan Gold* RosCan Gold V 3898 0.16 0.12 0.12 - 0.03 0.33 0.05 Roughrider Exp V 50 0.07 0.07 0.07 unch 0.00 0.12 0.06 0.55 Roxgold* O 77 0.77 0.70 0.74 + 0.03 1.07 Roxgold T 7477 1.01 0.92 0.96 + 0.04 1.42 0.72 Royal Gold* D 3631 127.41 114.50 121.86 - 1.94 138.78 70.16 Royal Gold V 21 0.17 0.00 0.17 + 0.01 0.33 0.10 unch 0.00 0.22 0.02 Royal Gold* O 0 0.11 0.11 0.11 Royal Mines &M* O 745 0.00 0.00 0.00 unch 0.00 0.01 0.00 Royal Nickel* O 1105 0.30 0.25 0.30 + 0.04 0.67 0.25 0.33 Royal Nickel T 7300 0.39 0.33 0.39 + 0.05 0.88 Royal Rd Mnrls V 428 0.26 0.22 0.24 + 0.01 0.26 0.06 Royal Std Mnrl* O 0 0.00 0.00 0.02 unch 0.00 3.14 0.01 RT Minerals V 66 0.04 0.03 0.03 unch 0.00 0.10 0.03 RT Minerals* O 0 0.00 0.00 0.02 unch 0.00 0.07 0.02 Rubicon Mnrls T 281 1.00 0.85 0.95 + 0.09 1.52 0.61 Rubicon Mnrls* O 53 0.73 0.00 0.72 + 0.06 1.14 0.46 Rugby Mng V 77 0.10 0.08 0.08 - 0.03 0.26 0.08 Running Fox Rs V 256 0.02 0.01 0.02 unch 0.00 0.03 0.01 0.68 Rupert Res V 299 0.88 0.75 0.82 + 0.01 1.12 Rusoro Mng* O 10 0.05 0.03 0.05 + 0.00 0.32 0.03 Rusoro Mng V 57 0.05 0.05 0.05 - 0.01 0.42 0.04

S Sabina Gd&Slvr T 993 Sabina Gd&Slvr* O 851 Sable Res* O 5 Sable Res V 443 Sailfish Rylty V 75 Salazar Res* O 355 Salazar Res V 689 Salt Lake Pot* O 5 Sama Res V 326 Sama Res* O 16 Samex Mng* O 483 San Gold Corp* O 5 San Marco Res* O 59 San Marco Res V 192 Sanatana Res V 827 Sandfire Res V 210 Sandfire Res* O 698 Sandspring Res* O 1007 V 1503 Sandspring Res Sandstorm Gold T 1499 Sandstorm Gold* X 6066 205 Santa Fe Gold* O Santacruz Silv V 794 Sarama Res V 2492 Sarissa Res* O 2232 Satori Res V 739 Satori Res* O 90 Saturn Mnrls V 1193 Saville Res V 584 Scandium Intl* O 41 Scandium Intl T 99 Scorpio Gold V 178 Scorpio Gold * O 124 Scotch Creek C 10 Scottie Res* O 51 Scottie Res V 751 ScoZinc Mg V 5 ScoZinc Mg* O 40 Seabridge Gld* N 1917 Seabridge Gld T 425 Search Mnls V 70 Search Mnls* O 0 Searchlight* O 14 SearchlightMin* O 93 SearchlightRes V 16 Secova Mtls V 1694 Sego Res V 84 Select Sands V 290 Semafo T 3568 Serabi Gold* O 0 Serabi Gold T 11 Serengeti Res V 181 Shamrock Ent C 672 Sherritt Intl T 1239 Shine Minerals* O 50 Shine Minerals V 50

1.81 1.63 1.75 + 0.09 2.28 0.99 1.37 1.19 1.35 + 0.10 1.72 0.73 0.08 0.08 0.08 unch 0.00 0.28 0.07 0.12 0.11 0.12 + 0.01 0.33 0.09 1.07 0.99 1.00 - 0.02 1.81 0.70 0.15 0.14 0.14 - 0.01 0.15 0.07 0.19 0.16 0.18 - 0.01 0.20 0.10 0.59 0.55 0.55 - 0.02 0.59 0.31 0.20 0.19 0.20 + 0.01 0.44 0.16 0.16 0.14 0.16 + 0.02 0.33 0.13 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.12 0.10 0.12 + 0.02 0.14 0.02 0.17 0.14 0.17 + 0.03 0.53 0.11 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.24 0.20 0.21 - 0.02 0.40 0.06 0.20 0.15 0.16 - 0.01 0.31 0.05 0.24 0.19 0.20 - 0.02 0.34 0.11 0.29 0.26 0.27 - 0.02 0.45 0.15 7.79 7.43 7.72 + 0.06 9.21 4.60 5.94 5.62 5.87 + 0.09 7.02 3.48 0.09 0.07 0.09 + 0.00 0.14 0.04 0.15 0.14 0.15 + 0.02 0.20 0.05 0.10 0.08 0.08 - 0.01 0.12 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.06 0.05 0.05 - 0.01 0.10 0.04 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.15 0.13 0.14 - 0.01 0.30 0.09 0.03 0.03 0.03 unch 0.00 0.06 0.03 0.08 0.07 0.08 - 0.00 0.20 0.07 0.11 0.10 0.10 - 0.01 0.27 0.10 0.09 0.08 0.09 unch 0.00 0.16 0.01 0.08 0.07 0.08 + 0.00 0.11 0.01 0.07 0.07 0.07 unch 0.00 0.13 0.06 0.14 0.11 0.12 + 0.00 0.15 0.11 0.16 0.14 0.15 + 0.01 0.25 0.07 0.64 0.00 0.64 unch 0.00 0.84 0.34 0.40 0.40 0.40 unch 0.00 0.45 0.26 12.74 11.84 12.52 + 0.22 16.55 10.95 17.09 15.64 16.45 + 0.21 21.98 14.74 0.05 0.04 0.04 - 0.01 0.06 0.03 0.00 0.00 0.02 unch 0.00 0.04 0.02 0.03 0.00 0.03 + 0.01 0.10 0.00 0.04 0.03 0.03 + 0.00 0.07 0.01 0.05 0.00 0.05 + 0.01 0.05 0.02 0.05 0.04 0.04 unch 0.00 0.08 0.02 0.05 0.04 0.05 unch 0.00 0.05 0.03 0.02 0.00 0.02 unch 0.00 0.17 0.02 4.24 4.03 4.06 - 0.10 5.75 2.24 0.00 0.00 0.70 unch 0.00 0.70 0.62 1.44 1.42 1.42 - 0.02 1.49 0.45 0.25 0.00 0.25 + 0.01 0.48 0.16 0.02 0.01 0.02 unch 0.00 0.05 0.01 0.28 0.26 0.26 - 0.02 0.73 0.17 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.03 0.03 0.03 unch 0.00 0.14 0.03

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

22546 N Sibanye-Stillw* O 38 Sibanye-Stillw* O 7252 Sidney Resrces* Sienna Res* O 15 Sienna Res V 2005 Sierra Madre V 6 Sierra Metals T 106 Sierra Metals* X 130 V 294 Sigma Lithium Signature Res V 317 O 108 Signature Res* 57 Silver Bear Rs T 45 Silver Bear Rs* O 953 Silver Bull Re* O 571 Silver Bull Re T Silver Grail V 31 38 Silver Mtn Mns* O 185 Silver Mtn Mns V C 0 Silver Phoenix Silver Predatr V 3 O 4 Silver Predatr* Silver Range* O 7 Silver Range V 59 Silver Scott* O 44 Silver Spruce V 189 Silver Spruce* O 1 Silver Viper V 190 Silver Viper* O 104 X 4457 Silvercorp Met* T 2987 Silvercorp Met SilverCrest* X 746 SilverCrest T 1073 O 71 Silverore Mns* O 27 Silverstar Res* Sirios Res* O 68 Sirios Res V 1172 Sitka Gold C 171 Sixty North* O 4 Sixty North C 205 Skeena Res* O 83 Skeena Res V 464 Sky Gold V 1053 Sky Gold* O 455 O 93 Skyharbour Res* V 197 Skyharbour Res Slam Explor* O 100 Slam Explor V 294 Sokoman Min V 566 O 318 Sokoman Min* SolGold plc T 77 SolGold plc* O 390 X 65 Solitario Ex&R* Solitario Ex&R T 28 Solstice Gold V 634 225 Sonora Gld & S V O 51 Sonoro Metals* V 122 Sonoro Metals South32* O 18 Southern Arc* O 19 Southern Arc V 17 N 3168 Southern Copp* O 87 Southern Silvr* Southern Silvr V 149 T 5 SouthGobi Res 904 Spanish Mtn Gd V 271 Spanish Mtn Gd* O Sparton Res V 142 Sparton Res* O 50 O 239 Spearmint Res* C 2747 Spearmint Res C 269 Spey Resources Sphinx Res V 510 51 Sprott Res Hld T 156 Spruce Ridge R V SRG Mining V 79 SSR Mining* D 5440 SSR Mining T 1480 St Augustine T 399 C 574 St-Georges Eco O 2 Stakeholdr Gld* V 141 Stakeholdr Gld O 329 Standard Graph* Standard Lith V 296 Stans Energy* O 112 Stans Energy V 98 Star Diamond T 469 O 164 Star Diamond* Star Gold* O 11 Starcore Intl T 33 182 Starr Peak Exp V Stellar Africa* O 1 Stellar Africa V 167 Stelmine Can V 50 Steppe Gold T 337 O 127 Stornoway Diam* Stratabd Mnr V 332 Strateco Res* O 2 Strategic Metl V 417 O 147 Strategic Metl* Strategic Res V 719 O 4 Strategic Res* Stria Lithium V 2147 V 627 Strikepoint Gd O 430 Strikepoint Gd* V 638 Strongbow Expl Stroud Res V 64 Stuhini Explor V 256 Sulliden Mng T 472 Sun Metals V 3012 Suncor Energy T 12496 N 12264 Suncor Energy* O 101 Superior Gold* Superior Gold V 163 Superior Mng V 367 C 927 Supreme Metals Surge Copper V 273 Surge Explor* O 4176 Surge Explor V 2566 Sutter Gold* O 17 Syrah Res* O 130

2.25 7.06 6.13 6.91 + 0.64 7.06 0.53 unch 0.00 1.56 1.55 1.55 1.55 0.00 0.04 0.03 0.04 + 0.00 0.04 0.03 unch 0.00 0.06 0.06 0.05 0.05 0.04 0.07 0.06 0.07 + 0.01 0.07 0.04 unch 0.00 0.15 0.04 0.04 0.04 1.33 1.87 1.33 1.87 + 0.49 3.37 1.01 1.47 1.01 1.43 + 0.37 2.59 1.59 1.89 1.75 1.89 + 0.04 2.20 0.04 unch 0.00 0.12 0.07 0.06 0.06 0.03 unch 0.00 0.10 0.06 0.04 0.05 0.19 0.15 0.18 + 0.03 0.25 0.10 0.14 0.11 0.14 - 0.00 0.18 0.07 0.07 0.06 0.07 + 0.00 0.14 0.06 0.10 0.08 0.10 + 0.02 0.19 0.08 0.02 unch 0.00 0.12 0.06 0.00 0.06 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.03 unch 0.00 0.22 0.00 0.00 0.13 0.06 0.14 0.00 0.12 - 0.04 0.17 0.04 unch 0.00 0.12 0.12 0.12 0.12 0.05 0.08 0.06 0.08 - 0.00 0.11 0.07 0.11 0.08 0.10 + 0.02 0.15 0.01 0.03 0.02 0.02 - 0.01 0.06 0.02 unch 0.00 0.06 0.04 0.00 0.04 0.01 0.02 0.00 0.02 - 0.01 0.05 0.07 0.27 0.22 0.22 - 0.04 0.38 0.07 0.22 0.16 0.16 - 0.06 0.25 1.83 4.10 3.68 4.00 + 0.20 4.66 2.43 5.38 4.86 5.26 + 0.22 6.15 2.21 6.10 5.62 6.05 + 0.13 6.69 2.93 8.00 7.46 7.92 + 0.12 8.73 0.02 0.02 0.02 0.02 - 0.00 0.03 0.01 0.05 0.03 0.05 + 0.01 0.14 0.09 0.13 0.11 0.12 - 0.01 0.20 0.12 0.18 0.15 0.18 + 0.02 0.28 0.04 0.14 0.12 0.12 - 0.02 0.18 0.03 unch 0.00 0.06 0.05 0.05 0.05 0.03 0.05 0.04 0.04 - 0.01 0.10 0.19 0.37 0.33 0.37 + 0.03 0.39 0.27 0.48 0.43 0.48 + 0.05 0.54 0.01 unch 0.00 0.07 0.02 0.01 0.02 0.01 0.00 0.07 unch 0.02 0.01 0.02 0.13 0.16 0.14 0.15 + 0.00 0.42 0.17 0.21 0.19 0.20 + 0.01 0.56 0.01 unch 0.00 0.02 0.02 0.02 0.02 0.01 unch 0.00 0.03 0.02 0.02 0.02 0.06 unch 0.00 0.32 0.07 0.06 0.07 0.00 0.06 0.05 0.06 + 0.00 0.22 0.28 0.39 0.31 0.39 + 0.08 0.76 0.21 0.31 0.23 0.31 + 0.08 0.56 0.19 0.29 0.27 0.28 + 0.01 0.54 0.26 0.37 0.35 0.37 + 0.01 0.59 0.05 0.07 0.05 0.06 - 0.01 0.27 0.04 0.08 0.00 0.04 unch 0.04 0.04 0.09 0.12 0.09 0.09 - 0.02 0.16 0.12 0.16 0.00 0.13 - 0.03 0.20 1.59 unch 0.00 2.86 1.69 0.00 1.69 0.20 0.30 0.24 0.24 - 0.06 0.47 0.27 0.37 0.32 0.32 - 0.03 0.62 29.01 35.20 33.46 33.88 - 0.61 42.42 0.08 0.20 0.18 0.19 + 0.01 0.22 0.11 0.26 0.24 0.25 + 0.01 0.29 0.10 unch 0.00 0.18 0.12 0.12 0.12 0.11 0.10 0.10 - 0.01 0.14 0.05 0.10 0.07 0.08 - 0.00 0.11 0.03 0.02 unch 0.00 0.12 0.03 0.03 0.03 0.01 unch 0.00 0.09 0.02 0.02 0.02 0.00 0.02 0.01 0.01 + 0.00 0.08 0.02 unch 0.00 0.05 0.02 0.02 0.02 0.04 unch 0.00 0.11 0.04 0.04 0.04 0.02 0.04 0.02 0.04 + 0.01 0.06 0.95 0.85 0.93 unch 0.00 1.77 0.85 0.06 0.05 0.05 - 0.01 0.13 0.04 0.64 0.79 0.00 0.75 + 0.06 1.15 14.84 13.95 14.60 + 0.24 17.56 9.65 12.68 20.59 18.44 19.16 + 0.21 23.42 0.02 unch 0.00 0.03 0.02 0.02 0.02 0.04 0.07 0.06 0.06 - 0.01 0.25 0.02 unch 0.00 0.09 0.03 0.03 0.03 0.03 0.06 0.04 0.05 + 0.01 0.13 0.18 0.21 0.19 0.19 - 0.01 0.88 0.67 0.75 0.67 0.70 + 0.02 1.53 0.01 unch 0.00 0.08 0.02 0.01 0.02 0.02 0.02 0.02 0.02 + 0.01 0.11 0.18 unch 0.00 0.38 0.21 0.20 0.20 0.14 0.16 0.15 0.15 - 0.01 0.29 0.02 0.03 0.03 0.03 + 0.01 0.30 0.07 0.09 0.08 0.09 + 0.01 0.16 0.28 0.26 0.26 unch 0.00 0.40 0.09 0.01 0.03 0.01 0.03 + 0.01 0.03 0.01 unch 0.00 0.03 0.03 0.02 0.02 0.09 unch 0.00 0.17 0.14 0.14 0.14 0.59 1.05 1.00 1.04 - 0.01 1.09 0.01 0.02 0.01 0.02 + 0.01 0.23 0.02 0.05 0.00 0.05 + 0.02 0.24 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.28 0.53 0.47 0.50 - 0.01 0.56 0.21 0.40 0.36 0.39 - 0.00 0.42 0.18 0.34 0.25 0.25 - 0.06 0.70 0.19 unch 0.00 0.46 0.39 0.39 0.39 0.01 unch 0.00 0.04 0.01 0.01 0.01 0.05 0.06 0.05 0.05 - 0.01 0.20 0.03 0.05 0.03 0.04 - 0.00 0.15 0.04 0.06 0.05 0.05 - 0.01 0.22 0.05 0.20 0.00 0.19 + 0.01 0.37 0.19 0.21 0.20 0.20 - 0.01 0.35 0.07 0.08 0.07 0.08 + 0.01 0.17 0.16 0.23 0.18 0.21 - 0.02 0.65 35.53 40.15 38.98 39.58 + 0.22 47.20 25.81 30.54 29.46 30.15 + 0.35 35.99 0.33 0.54 0.53 0.53 - 0.01 0.84 0.44 0.74 0.70 0.70 - 0.04 1.14 0.05 0.13 0.10 0.13 + 0.01 0.13 0.01 unch 0.00 0.03 0.01 0.01 0.01 0.03 0.04 0.03 0.04 + 0.01 0.09 0.02 0.04 0.02 0.03 - 0.00 0.12 0.03 0.06 0.04 0.04 - 0.01 0.16 0.00 0.01 0.00 0.00 + 0.00 0.02 0.30 0.32 0.31 0.31 - 0.01 1.50

Taiga Gold C 87 Taiga Gold* O 31 Tajiri Res V 324 Taku Gold* O 27 Taku Gold C 26 Talisker Res C 231 Talisker Res* O 74 Talon Metals T 433 O 100 Tamerlane Vent* O 7371 Tamino Mnrls* Tango Mining V 21 V 428 Tanqueray Expl Tantalex Res C 261 T 48 Tanzanian Gold X 590 Tanzanian Gold* Taranis Res* O 10 Taranis Res V 13 Tarku Res V 1165 Tartisan Nick* O 161 Tartisan Nick C 535 Taseko Mines T 369 X 809 Taseko Mines* Tearlach Res V 1 T 7114 Teck Res Teck Res* N 11446 T 11 Teck Res 70 Telson Res * O Telson Res V 148 Tembo Gold V 5 Tembo Gold* O 2 Teranga Gold T 690 O 75 Teranga Gold* Teras Res V 1100 Teras Res* O 50 Terrax Mnrls V 272 Terrax Mnrls* O 56 Terreno Res V 33 Teslin Rvr Res V 1649 Tesoro Mnrls V 8 Tethyan Res V 245 Teuton Res V 115 Teuton Res* O 38 O 567 Texas Mineral* Themac Res* O 400 Themac Res V 39 Thor Expl V 3 Thunder Mtn Gd* O 155 V 58 Thunderstruck O 29 Thunderstruck* Tiger Intl V 50 Till Capital V 0 V 15 Timberline Res O 41 Timberline Res* Tinka Res V 1048

0.06 unch 0.00 0.14 0.09 0.09 0.09 0.04 unch 0.00 0.10 0.06 0.06 0.06 0.03 0.04 0.04 0.04 - 0.01 0.08 0.02 0.04 0.00 0.03 - 0.02 0.08 0.03 unch 0.00 0.10 0.05 0.05 0.05 0.08 unch 0.00 0.22 0.17 0.16 0.16 0.00 0.13 0.12 0.13 + 0.01 0.15 0.07 0.19 0.16 0.18 - 0.01 0.25 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.01 0.01 0.00 0.04 unch 0.02 0.00 0.02 0.45 0.58 0.46 0.55 + 0.06 0.93 0.01 unch 0.00 0.08 0.02 0.02 0.02 0.34 1.07 0.99 1.03 - 0.02 1.56 0.25 0.80 0.76 0.77 - 0.02 1.20 0.03 0.07 0.07 0.07 + 0.01 0.09 0.05 0.08 0.00 0.08 + 0.01 0.12 0.02 0.02 0.02 0.02 + 0.01 0.05 0.02 0.04 0.04 0.04 - 0.00 0.06 0.02 0.06 0.04 0.05 - 0.01 0.08 0.50 0.56 0.52 0.53 - 0.02 1.05 0.38 0.42 0.39 0.41 - 0.01 0.79 0.03 0.00 0.28 unch 0.12 0.12 0.12 19.34 22.37 21.14 21.62 - 0.52 34.31 14.51 16.94 15.98 16.49 - 0.27 25.75 19.60 22.58 21.42 22.05 - 0.49 34.00 0.15 0.10 0.10 - 0.03 0.39 0.10 0.14 0.19 0.14 0.14 - 0.06 0.53 0.01 unch 0.00 0.04 0.03 0.03 0.03 0.01 unch 0.00 0.03 0.00 0.00 0.03 2.97 5.28 4.90 5.12 + 0.04 5.71 2.23 4.15 3.74 3.95 + 0.09 4.36 0.04 0.05 0.04 0.04 - 0.01 0.12 0.03 unch 0.00 0.07 0.03 0.03 0.03 0.26 0.03 0.50 0.26 - 0.30 0.26 0.20 0.22 0.20 0.21 - 0.00 0.36 0.02 0.03 0.02 0.02 - 0.01 0.05 0.34 0.29 0.30 - 0.04 0.60 0.29 0.04 unch 0.00 0.07 0.04 0.04 0.04 0.14 0.19 0.17 0.17 - 0.01 0.85 0.10 0.41 0.37 0.37 - 0.03 0.65 0.07 0.32 0.00 0.28 - 0.04 0.49 0.12 0.34 0.25 0.28 - 0.04 0.57 0.02 unch 0.00 0.07 0.04 0.02 0.02 0.03 0.06 0.00 0.06 + 0.03 0.09 0.13 unch 0.00 0.19 0.15 0.15 0.15 0.10 0.10 0.10 unch 0.00 0.12 0.03 0.04 0.05 0.04 0.04 + 0.01 0.11 0.02 0.04 0.02 0.04 + 0.00 0.08 0.04 unch 0.00 0.15 0.06 0.06 0.06 1.45 1.99 0.00 1.99 - 0.09 2.54 0.07 unch 0.00 0.13 0.10 0.10 0.10 0.00 0.09 0.00 0.09 + 0.02 0.13 0.15 0.17 0.15 0.17 + 0.01 0.40

T

2019-10-21 4:46 PM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / OCTOBER 28–NOVEMBER 10, 2019

Week

12-month

Exc Volume High Low Last Change High Low

Tinka Res* O 183 Tisdale Res V 291 Titan Mining T 511 Titan Mining* O 5 Titanium Corp V 20 TMAC Resource* O 46 TMAC Resources T 343 TNR Gold V 507 Tocvan Venture C 74 Tombstone Expl* O 9 Tonogold Res* O 9 Torex Gold* O 123 Torex Gold T 1668 Torq Resources V 262 Torq Resources* O 532 Tower Res V 125 Transatlantic V 198 Transition Met V 45 Transition Met* O 4 Treasury Metal T 330 Treasury Metal* O 10 Trecora Res* N 177 Tres-Or Res V 18 Trevali Mng* O 508 Trevali Mng T 4403 Tri Origin Exp V 234 Trident Gold V 2 Trifecta Gold* O 9 Trifecta Gold V 44 Trilogy Mtls T 101 Trilogy Mtls* X 518 TriMetals Mng* O 106 TriMetals Mng T 951 Trinity Res* O 0 Trinity Valley V 75 Trio Resources* O 357 TriStar Gold* O 117 TriStar Gold V 109 Triumph Gold V 658 Triumph Gold* O 386 Troilus Gold T 114 Troilus Gold* O 9 Troubadour Res V 82 Troy Enrgy V 117 Troy Res* O 50 True Grit Res V 411 True North Gem* O 20 True North Gem V 15 Tsodilo Res V 70 Tudor Gold V 401 Tudor Gold * O 109 Turquoise HIl T 3452 Turquoise HIl* N 39363 TVI Pacific* O 51 TVI Pacific V 6533 Tyhee Gold* O 401 Tymbal Res V 0 Typhoon Expl V 282

0.13 0.11 0.13 + 0.01 0.28 0.11 0.12 0.11 0.11 - 0.01 0.34 0.06 0.29 0.25 0.28 - 0.01 1.38 0.25 0.24 0.24 0.24 + 0.02 1.02 0.22 0.72 0.65 0.69 + 0.02 1.20 0.47 3.30 3.00 3.21 - 0.09 5.29 2.71 4.41 3.91 4.09 - 0.17 7.06 3.57 0.04 0.03 0.03 unch 0.00 0.05 0.02 0.15 0.14 0.14 - 0.01 0.17 0.07 2.65 1.88 1.88 - 0.77 3.80 0.12 0.21 0.17 0.21 unch 0.00 0.25 0.04 12.96 12.29 12.65 - 0.01 16.54 7.46 17.13 16.22 16.63 - 0.06 21.91 9.83 0.42 0.35 0.42 + 0.06 0.54 0.32 0.31 0.26 0.30 + 0.00 0.41 0.24 0.03 0.02 0.03 + 0.01 0.07 0.02 0.04 0.03 0.04 + 0.01 0.16 0.02 0.17 0.15 0.17 + 0.01 0.23 0.06 0.13 0.13 0.13 unch 0.00 0.17 0.07 0.29 0.27 0.28 unch 0.00 0.42 0.21 0.23 0.00 0.22 + 0.01 0.32 0.15 8.94 8.49 8.69 - 0.20 12.12 6.69 0.15 0.14 0.15 + 0.01 0.30 0.13 0.17 0.15 0.15 - 0.00 0.54 0.13 0.22 0.20 0.20 - 0.01 0.70 0.17 0.03 0.03 0.03 unch 0.00 0.04 0.01 0.00 0.00 0.15 unch 0.00 0.16 0.14 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.04 0.00 0.04 - 0.01 0.07 0.03 2.46 2.01 2.42 + 0.39 4.10 2.00 1.84 1.52 1.84 + 0.30 3.13 1.48 0.08 0.07 0.07 - 0.01 0.09 0.02 0.11 0.10 0.10 - 0.01 0.12 0.03 0.00 0.00 0.01 unch 0.00 0.20 0.01 0.08 0.08 0.08 unch 0.00 0.15 0.04 0.00 0.00 0.00 + 0.00 0.01 0.00 0.16 0.14 0.15 - 0.01 0.19 0.07 0.22 0.19 0.20 unch 0.00 0.25 0.09 0.40 0.37 0.38 - 0.01 0.58 0.25 0.32 0.28 0.30 + 0.01 0.44 0.19 0.71 0.66 0.68 - 0.02 1.16 0.40 0.53 0.00 0.53 - 0.04 0.81 0.40 0.06 0.05 0.05 - 0.01 0.22 0.05 0.02 0.00 0.02 - 0.01 0.05 0.01 0.08 0.07 0.07 + 0.01 0.10 0.06 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.09 0.09 0.09 unch 0.00 0.14 0.00 0.12 0.00 0.08 - 0.04 0.60 0.05 0.09 0.08 0.09 - 0.01 0.39 0.08 0.65 0.55 0.56 - 0.06 1.07 0.20 0.50 0.41 0.44 - 0.04 0.81 0.15 0.64 0.58 0.61 - 0.02 2.84 0.53 0.49 0.45 0.46 - 0.01 2.17 0.40 0.01 0.00 0.01 + 0.00 0.01 0.00 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.05 unch 0.00 0.15 0.05 0.04 0.03 0.03 - 0.01 0.05 0.02

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

U-V U.S. Gold* D 357 U.S. Lithium* O 42 U3O8 Corp* O 82 U3O8 Corp T 96 Ubique Mineral C 12 UC Res* O 25 Ucore Rare Mtl V 5475 Ucore Rare Mtl* O 2451 UEX Corp T 1380 Ultra Lithium* O 25 Ultra Lithium V 54 Umbral Enrgy* O 284 Unigold* O 5 Unigold V 44 United Battery* O 19 United Battery C 70 United Res Hdg* O 93 United States A* X 54 United States S* N 108868 Universal Cop V 2349 Universal Vent V 1300 Ur-Energy* X 932 Ur-Energy T 121 Uragold Bay Rs V 1029 Uranium Energy* X 3026 Uranium Hunter* O 1 Uranium Res* D 34465 UrbanGold Min V 109 USCorp* O 1080 Val-d’Or Mg* O 0 Val-d’Or Mg V 0 Vale* N 82690 Valley High Mg* O 5007 ValOre Metals* O 58 ValOre Metals V 104 Valterra Res* O 168 Valterra Res V 98 Vanadian Enrgy V 143 Vanadian Enrgy* O 52 Vanadium One* O 1 Vanadium One V 371 Vanadiumcorp* O 121 Vanadiumcorp V 552 Vanstar Mng Rs* O 129 Vanstar Mng Rs V 1206 Vantex Res * O 0 Vantex Res V 0 Velocity Mnrls V 243 Velocity Mnrls* O 10 Vendetta Mng V 1239 Vendetta Mng* O 119 Venerable Vent V 32 Verde Potash T 75 Verde Res* O 125 Veris Gold* O 31

0.90 0.81 0.81 - 0.08 1.53 0.74 0.32 0.26 0.26 + 0.01 0.88 0.09 0.10 0.00 0.06 + 0.01 0.26 0.06 0.11 0.08 0.08 - 0.01 0.34 0.08 0.07 0.07 0.07 unch 0.00 0.20 0.05 0.44 0.40 0.41 - 0.02 1.27 0.00 0.12 0.10 0.10 - 0.02 0.34 0.09 0.10 0.07 0.08 - 0.01 0.25 0.07 0.15 0.13 0.14 - 0.01 0.22 0.13 0.06 0.05 0.06 + 0.00 0.14 0.05 0.08 0.08 0.08 unch 0.00 0.22 0.08 0.24 0.15 0.23 + 0.06 0.54 0.11 0.15 0.15 0.15 unch 0.00 0.19 0.07 0.19 0.00 0.17 - 0.02 0.26 0.09 0.02 0.01 0.02 - 0.00 1.28 0.01 0.03 0.03 0.03 unch 0.00 1.68 0.02 0.07 0.06 0.06 - 0.02 0.09 0.01 0.56 0.52 0.56 + 0.03 0.80 0.42 11.75 10.28 10.72 - 0.62 29.84 9.93 0.07 0.04 0.04 - 0.02 0.17 0.04 0.42 0.39 0.41 + 0.02 0.47 0.28 0.63 0.58 0.58 - 0.05 0.99 0.50 0.83 0.76 0.77 - 0.04 1.30 0.70 0.09 0.09 0.09 unch 0.00 0.12 0.06 1.10 0.98 1.05 - 0.04 1.58 0.83 2.00 0.00 1.80 + 1.05 3.50 0.51 9.25 2.50 3.53 + 1.03 14.50 2.45 0.13 0.11 0.12 - 0.01 0.18 0.10 0.00 0.00 0.00 + 0.00 0.00 0.00 0.00 0.00 0.05 unch 0.00 0.08 0.05 0.00 0.00 0.10 unch 0.00 0.11 0.05 11.62 11.14 11.15 - 0.66 15.92 10.20 0.00 0.00 0.00 + 0.00 0.01 0.00 0.26 0.00 0.24 - 0.01 0.32 0.00 0.33 0.00 0.31 - 0.02 0.43 0.11 0.02 0.01 0.01 - 0.00 0.03 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.03 0.03 0.03 unch 0.00 0.18 0.02 0.02 0.01 0.02 + 0.01 0.13 0.01 0.06 0.00 0.06 - 0.01 0.21 0.04 0.08 0.06 0.08 + 0.02 0.29 0.06 0.04 0.03 0.04 - 0.00 0.11 0.03 0.06 0.05 0.05 - 0.01 0.14 0.05 0.23 0.16 0.23 + 0.06 0.23 0.08 0.35 0.22 0.30 + 0.09 0.36 0.08 0.00 0.00 0.12 unch 0.00 0.22 0.12 0.00 0.00 0.20 unch 0.00 0.40 0.14 0.52 0.48 0.48 - 0.02 0.58 0.15 0.38 0.36 0.38 + 0.01 0.44 0.11 0.06 0.05 0.06 + 0.01 0.19 0.05 0.04 0.03 0.04 + 0.00 0.14 0.03 0.06 0.06 0.06 unch 0.00 0.11 0.06 0.63 0.00 0.60 unch 0.00 0.90 0.50 0.02 0.01 0.01 + 0.00 0.10 0.00 0.00 0.00 0.00 unch 0.00 0.00 0.00

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Vertical Expl V 210 Victoria Gold V 2423 Victory Metals* O 33 Victory Metals V 248 Victory Nickel* O 25 Victory Nickel C 17 Victory Res C 743 Victory Res* O 1 Virginia Enrgy V 116 Virginia Enrgy* O 50 Viscount Mng V 63 Visible Gold M V 70 Vision Lithium* O 17 Vision Lithium V 84 Vista Gold T 14 Vista Gold* X 434 Viva Gold* O 25 Viva Gold V 27 Vizsla Res V 1129 Volcanic Gold V 83 Volt Energy V 985 Voyageur Min* O 388 Voyageur Min V 193 VR Resources* O 90 VR Resources V 220 Vulcan Mnrls V 321 VVC Expl V 491

0.06 0.04 0.04 - 0.02 0.11 0.03 0.53 0.44 0.48 - 0.04 0.66 0.35 0.36 0.30 0.30 - 0.03 0.57 0.30 0.44 0.39 0.39 - 0.02 0.77 0.39 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.04 0.00 0.03 unch 0.00 0.05 0.01 0.04 0.02 0.04 + 0.02 0.12 0.01 0.02 0.02 0.02 unch 0.00 0.10 0.02 0.05 0.05 0.05 + 0.01 0.37 0.04 0.04 0.00 0.04 - 0.01 0.28 0.03 0.24 0.22 0.24 unch 0.00 0.31 0.15 0.07 0.00 0.07 + 0.01 0.11 0.04 0.03 0.03 0.03 + 0.01 0.18 0.03 0.04 0.04 0.04 unch 0.00 0.21 0.04 1.05 1.01 1.05 + 0.04 1.39 0.56 0.82 0.77 0.81 + 0.02 1.05 0.37 0.25 0.16 0.18 - 0.03 0.32 0.16 0.26 0.25 0.25 unch 0.00 0.44 0.22 0.45 0.41 0.45 + 0.03 0.50 0.13 0.24 0.00 0.22 unch 0.00 0.67 0.14 0.05 0.05 0.05 unch 0.00 0.10 0.02 0.00 0.00 0.04 unch 0.00 0.10 0.04 0.08 0.07 0.07 - 0.01 0.12 0.05 0.29 0.22 0.22 - 0.05 0.35 0.09 0.37 0.28 0.29 - 0.06 0.40 0.12 0.04 0.03 0.04 + 0.01 0.06 0.03 0.03 0.00 0.03 - 0.01 0.05 0.02

Walcott Res C 61 Walker Lane* O 2 Walker River* O 633 Walker River V 1512 Wallbridge Mng T 2935 Warrior Gold* O 250 Warrior Gold V 254 Waseco Res V 85 Wealth Mnrls V 481 Wealth Mnrls* O 519 Wescan Gldflds V 2 Wesdome Gold* O 421 Wesdome Gold T 2703 West High Yld V 66 West Kirkland V 469 West Kirkland * O 15 West Red Lake* O 408 West Red Lake C 1277 Western Areas* O 3 Western Atlas V 878 Western Copper T 117 Western Copper* X 241 Western Mag V 663 Western Mag* O 329 Western Pac Rs* O 2 Western Pac Rs V 3 Western Potash T 149

0.10 0.10 0.10 unch 0.00 0.10 0.10 0.20 0.20 0.20 unch 0.00 0.40 0.03 0.08 0.05 0.05 - 0.02 0.19 0.05 0.11 0.07 0.07 - 0.03 0.27 0.05 0.39 0.33 0.35 unch 0.00 0.49 0.15 0.06 0.06 0.06 unch 0.00 0.09 0.03 0.08 0.07 0.07 - 0.01 0.12 0.04 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.38 0.34 0.34 - 0.02 0.65 0.27 0.29 0.26 0.27 - 0.01 0.52 0.20 0.00 0.00 0.04 unch 0.00 0.11 0.03 5.05 4.36 5.00 + 0.48 5.89 2.34 6.64 5.89 6.61 + 0.67 7.81 3.30 0.21 0.19 0.21 unch 0.00 0.60 0.16 0.07 0.06 0.07 unch 0.00 0.09 0.03 0.05 0.05 0.05 - 0.00 0.07 0.02 0.10 0.04 0.04 - 0.01 0.10 0.03 0.07 0.05 0.05 - 0.02 0.12 0.05 2.07 2.04 2.05 + 0.01 2.32 1.27 0.08 0.06 0.06 - 0.03 0.12 0.05 0.91 0.82 0.91 + 0.06 1.08 0.52 0.70 0.63 0.69 + 0.05 0.83 0.35 0.19 0.18 0.18 - 0.01 0.35 0.04 0.15 0.12 0.14 - 0.01 0.43 0.03 0.22 0.00 0.22 + 0.03 0.62 0.01 0.25 0.00 0.25 + 0.02 0.98 0.20 0.29 0.26 0.28 - 0.01 0.55 0.11

W-Z

(100s) Stock

Week

15

12-month

Exc Volume High Low Last Change High Low

Western Res* O 0 Western U&V C 41 Western U&V* O 91 Westhaven Vent* O 316 Westhaven Vent V 1146 Westkam Gold* O 684 Westkam Gold V 7430 Westminster Rs* O 4 Westminster Rs V 1 Westmoreland* O 83 WestMountain* O 0 Wheaton Prec M* N 8475 Wheaton Prec M T 3699 White Gold* O 63 White Gold V 527 White Metal R* O 80 White Metal Rs V 242 White Mtn Engy* O 1893 Whitehaven Coa* O 10 Whitemud Res V 270 Wildsky Res* O 0 Wildsky Res V 4 Winston Gold* O 503 Winston Gold C 137 Winston Res C 1 Wolfden Res* O 38 Wolfden Res V 79 Wolfeye Res V 398 Worldwide Res V 99 X-Terra Res V 1190 Xanadu Mines T 679 Xiana Mng V 20 Ximen Mining V 695 Ximen Mining* O 34 Xtierra Inc V 289 Xtra-Gold Res* O 46 Xtra-Gold Res T 120 Yamana Gold T 13954 Yamana Gold* N 55798 Yanzhou Coal* O 3 Yorbeau Res* O 400 Yorbeau Res T 544 Yukoterre Res C 100 Zadar Ventures* O 3 Zadar Ventures V 3 Zanzibar Gold C 36 Zara Res* O 764 ZEN Graphene* O 48 ZEN Graphene V 124 Zephyr Mnls* O 17 Zephyr Mnls V 46 Zimtu Capital V 126 Zinc One Res V 376 Zinc One Res * O 1 ZincX Res V 258 ZincX Res* O 23 Zonte Metals V 77 Zonte Metals* O 5

0.00 0.00 0.19 unch 0.00 0.41 0.08 0.87 0.69 0.69 - 0.08 3.22 0.69 0.61 0.53 0.55 - 0.04 2.50 0.53 0.89 0.71 0.78 - 0.10 1.03 0.39 1.18 0.94 1.02 - 0.12 1.43 0.51 0.01 0.00 0.00 - 0.00 0.01 0.00 0.01 0.01 0.01 unch 0.00 0.01 0.01 0.06 0.05 0.05 - 0.01 0.06 0.01 0.00 0.00 0.07 unch 0.00 0.45 0.07 0.01 0.01 0.01 - 0.00 0.06 0.01 0.00 0.00 2.00 unch 0.00 3.00 2.00 26.62 24.97 26.43 + 0.20 30.90 15.08 35.90 33.02 34.69 + 0.08 40.95 19.90 0.79 0.68 0.77 + 0.05 1.25 0.68 1.03 0.88 1.00 + 0.05 1.69 0.88 0.04 0.04 0.04 unch 0.00 0.10 0.02 0.05 0.04 0.04 unch 0.00 0.13 0.04 0.05 0.04 0.04 + 0.00 0.07 0.00 2.17 2.16 2.17 + 0.01 3.63 2.16 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.05 0.00 0.05 unch 0.00 0.11 0.05 0.07 0.00 0.07 - 0.01 0.14 0.06 0.10 0.08 0.09 - 0.00 0.13 0.02 0.12 0.11 0.12 unch 0.00 0.17 0.03 0.00 0.00 0.03 unch 0.00 0.07 0.02 0.08 0.08 0.08 + 0.01 0.23 0.07 0.11 0.10 0.11 + 0.01 0.30 0.10 0.52 0.49 0.50 - 0.01 0.93 0.45 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.15 0.12 0.13 - 0.01 0.17 0.07 0.06 0.05 0.05 unch 0.00 0.17 0.04 0.40 0.40 0.40 unch 0.00 0.61 0.31 0.41 0.33 0.37 - 0.05 0.86 0.18 0.30 0.28 0.28 - 0.02 10.27 0.15 0.06 0.05 0.05 - 0.01 0.08 0.03 0.40 0.36 0.40 + 0.03 0.47 0.18 0.53 0.49 0.49 unch 0.00 0.64 0.24 4.47 4.20 4.43 + 0.11 5.04 2.41 3.40 3.18 3.37 + 0.10 3.78 1.78 1.04 1.02 1.02 - 0.02 1.08 0.81 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.03 0.02 0.02 - 0.01 0.05 0.02 0.15 0.12 0.15 unch 0.00 0.16 0.12 0.07 0.07 0.07 unch 0.00 0.10 0.02 0.10 0.10 0.10 unch 0.00 0.45 0.08 0.17 0.00 0.15 - 0.03 0.32 0.10 0.04 0.02 0.04 + 0.00 0.63 0.02 0.30 0.00 0.26 - 0.01 0.47 0.21 0.39 0.35 0.39 + 0.02 0.63 0.28 0.22 0.00 0.22 - 0.01 0.54 0.11 0.30 0.28 0.28 - 0.02 0.34 0.15 0.11 0.10 0.10 - 0.01 0.35 0.10 0.02 0.00 0.02 - 0.01 0.12 0.02 0.02 0.01 0.02 + 0.01 0.09 0.00 0.11 0.10 0.10 - 0.01 0.37 0.10 0.08 0.08 0.08 - 0.00 0.27 0.08 0.30 0.28 0.29 unch 0.00 0.39 0.20 0.21 0.21 0.21 unch 0.00 0.30 0.16

BID-ASK — OCTOBER 14–18, 2019

STOCK

12-MONTH

EXC BID ASK LAST HIGH

12 Exploration C Academy Metals V AEX Gold V African Metals V Alba Minerals V Alchemist Mng C Alexandra Cap C Allante Res V V Altan Rio Min AM Resources V Amarc Res V American CuMo V American Uran V Amseco Expl V V Anconia Res Anglo-Bomarc V Antler Hill V Apex Res V Arbor Metals V V Arcturus Vent Arcus Dev Grp V Armor Min V Arrowstar Res V Ashanti Sanko V AsiaBaseMetals V V Atlanta Gold Atlantic Indus V V Aurelius Min Auxico Res C V Awale Res V Balto Res Banro Corp* X Barker Min V Barolo Venture V V BC Moly Bearclaw Cap V BHK Mining V Bird River Res C Black Bull Res V Black Mammoth V Bluenose Gold V Boss Power V Brigadier Gold V Broadway Gold V Brunswick Res V Buffalo Coal V Bullion Gold V Cairo Res V V Calibre Mng Camrova Res V Canadian Silv V Candelaria Mg V Canex Energy V Cariboo Rose V Cassius Vents V CAT Strategic C Central Iron V Century Global T Century Metals V Cerro de Pasc C Cerro Mng V Chinapintza Mg V Clarmin Explor V Cleghorn Mnls V Cliffmont Res V Cliffs Nat Res* N Clydesdale Res V CMX Gold & Sil C Colombia Crest V Comet Inds V V Contintl Prec CR Capital V Crest Resource C Crestview Expl C Cresval Cap V CWN M’g Acq V Cyntar Venture C Cyprium Mng V Discovery-Corp V EastCoal Inc V Eastern Zinc C Eastfield Res V Edison Cobalt V V El Nino Vent Electra Stone V Empire Metals V Essex Minerals V Everton Res V Evolving Gold C Excalibur Res C ExGen Res Inc V V Fieldex Expl Finore Mng C Fire River Gol V Four Nines C Freedom Egy V Freeport Res V V Full Metal Mnl Fusion Gold V Gem Intl Res V Generic Gold C

12-15_OCT28_StockTables.indd 15

0.15 0.25 0.22 0.25 0.15 0.27 0.25 1.40 0.30 0.32 0.31 0.44 0.06 0.09 0.06 0.15 0.16 0.16 0.28 ... 0.10 0.06 ... ...

0.50 0.93 0.15 ...

0.16 0.20 0.01 0.01 0.01 0.02 0.09 0.10 0.09 0.21 0.04 0.05 0.05 0.10 0.06 0.07 0.06 0.07 0.06 0.24 0.06 0.07 0.05 0.07 0.05 0.11 0.01 0.01 0.01 0.02 0.08 0.08 0.15 0.10 0.10 0.10 0.07 0.09 0.07 0.14 0.11 0.21 0.13 0.27 0.01 0.85 0.08 0.15 0.02 0.03 0.03 0.05 0.36 0.49 0.36 0.59 0.01 0.12 0.12 0.02 0.02 0.02 0.05 0.30 0.35 0.38 0.64 0.03 0.04 0.03 0.04 0.01 0.02 0.02 0.02 0.13 0.14 0.14 0.15 0.03 0.08 0.06 0.27 0.07 0.10 0.08 0.12 0.06 0.08 0.07 0.15 0.11 0.11 0.11 2.10 0.01 0.01 0.01 0.01 0.25 0.33 0.25 0.30 0.05 0.06 0.05 0.07 0.02 0.03 0.02 0.04 0.02 0.02 0.02 0.01 0.01 0.01 0.10 0.10 0.18 0.10 0.04 0.06 0.04 0.09 0.16 0.16 0.14 0.33 0.17 0.20 0.17 ... 0.17 0.15 0.25 0.07 0.07 0.08 0.14 ... 0.03 0.03 0.04 0.01 0.02 0.01 0.01 0.06 0.15 0.10 0.47 0.26 0.35 0.30 0.39 0.60 0.60 0.58 0.74 ... 0.07 0.07 0.08 0.01 0.06 0.06 0.19 0.24 0.21 0.69 ... ...

0.17 0.17 0.04 0.04 0.04 0.06 0.07 0.09 0.07 0.09 0.04 ...

0.04 0.12 0.01 0.02 0.02 0.05 0.11 0.14 0.10 0.25 0.06 0.10 0.07 0.11 ... ...

0.29 0.34 0.16 0.40 0.13 0.36 0.02 0.03 0.02 0.03 0.09 0.13 0.13 0.20 0.05 0.07 0.05 0.11 0.07 0.12 0.10 0.18 1.45 3.20 1.43 7.17 0.03 0.04 0.03 0.08 0.02 0.06 0.05 0.08 ... 0.29 0.18 0.30 3.45 3.60 3.45 3.60 0.35 0.35 0.30 0.39 0.04 0.06 0.05 0.08 0.09 0.11 0.09 0.16 0.45 0.55 0.55 0.60 0.02 0.03 0.02 0.05 0.04 0.06 0.07 0.08 0.10 0.20 0.10 0.15 0.03 0.03 0.03 0.01 0.02 0.02 0.02 0.07 0.10 0.07 0.11 0.02 0.04 0.03 0.28 0.04 0.04 0.04 0.07 0.08 0.08 0.06 0.13 0.03 0.03 0.03 0.05 0.01 0.02 0.01 0.13 0.14 0.13 0.23 0.02 0.04 0.03 0.11 0.03 0.03 0.03 0.04 0.08 0.08 0.08 0.09 0.10 0.10 0.11 0.01 0.01 0.01 0.03 ... 0.19 0.19 0.12 0.12 0.11 0.03 0.07 0.09 0.14 0.23 0.15 0.31 0.02 0.02 0.01 0.05 0.08 0.09 0.09 0.15 0.01 0.01 0.10 0.10 0.24 0.17 0.30 0.01 0.02 0.02 ... 1.55 0.06 0.27

LOW

STOCK

0.20 0.14 0.24

Gentor Res V V GFM Res GK Resources V Glen Eagle Res V Global Cop Grp V V Global Vanad GobiMin V God’s Lake Res C V Goldbelt Emp Goldrea Res C Goldstream Mnl V V Gossan Res Grande Portage V C Graphite Egy Gray Rock Res V Great Lakes Gr V V Great Quest Fe Great Thunder V Green Arrow V V Green Swan Cap Green Valley M V Grenville Gold C Grosvenor Res V GrowMax Res V Guerrero Vents V Gunpoint Expl V Handa Mining V V HFX Holding Highbury Proj V Highvista Gold V Hybrid Mineral V V I-Minerals IM Exploration C V Indico Res Indigo Expl V Infinite Lith V Inform Res V Inomin Mines V Inspiration Mg C Intact Gold V Inter-Rock Mnl V Interconnect V Intercontinent V Intl Battery C Intl Millm Mng V Iron South Mng V Jasper Mining V Jazz Res V Jubilee Gold V Kal Minerals C Karoo Expl V Kermode Res V Kesselrun Res V Kings Bay Res V Knick Expl V Komet Resource V Kootenay Zinc C Latin Metals V Leo Res C Lions Bay Cap V V Lithion Energy Lithium Energy V Lovitt Res V M.P.V. Explor C Madeira Mrnls V MAG Silver* X Magna Terra V Manado Gold V Mariner Res C Martina Mnls V Matachewan Con V McChip Res V McLaren Res C Meadow Bay Gd C Mega Copper V Meridius Res V MetalCorp V Metalo Manuf C Metron Capital V Michelin C Micrex Dev V Midasco Cap V Midnight Sun V MillenMin Vent V Milner Con Slv V Minecorp Egy V Mineral Hill V Minfocus Expl V Minnova Corp V Minsud Res V Monster Uran V Montana Gold C Monterey Min C Mountain Lake C MX Gold V Navy Res V Nebu Res V Nevado Res V New Jersey Mng C New Klondike V New Stratus V

0.04 0.25 0.11 0.01 0.07 0.04 0.06 0.06 0.04 0.01 0.04 0.10 0.05 0.02 0.36 0.02 0.12 0.03 0.01 0.03 0.05 0.06 0.06 0.10 0.01 0.22 0.03 0.02 0.01 0.02 0.09 0.05 0.06 0.02 0.01 0.09 0.24 0.30 0.06 0.15 0.11 0.03 0.06 0.04 0.02 0.10 0.06 0.12 0.13 0.01 0.10 0.04 0.05 0.98 0.02 0.03 0.11 2.60 0.30 0.04 0.08 0.55 0.02 0.03 0.07 0.01 0.05 0.03 0.03 0.04 0.02 0.13 0.03 0.02 0.01 0.01

0.15 0.01 0.04 0.11 0.03

12-MONTH

EXC BID ASK LAST HIGH LOW

0.05 0.08 0.06 0.10 0.05 0.10 0.05 0.05 ... 0.35 0.26 0.30 0.09 0.10 0.10 0.15 0.07 0.08 0.08 0.11 0.17 0.24 0.24 0.28 0.01 0.32 0.29 0.45 5.15 6.00 6.25 6.25 0.01 0.01 0.02 0.04 0.05 0.05 0.11 0.01 0.07 0.05 0.09 0.05 0.06 0.07 0.10 0.11 0.14 0.11 0.34 ... 0.24 0.47 1.35 0.05 0.06 0.04 0.15 0.05 0.05 0.04 0.05 0.05 0.05 0.10 0.03 0.03 0.03 0.03 0.02 0.03 0.02 0.04 0.01 0.03 0.02 0.07 0.06 0.18 0.09 1.65 0.12 0.18 0.12 0.70 0.12 0.18 0.11 0.12 0.05 0.05 0.09 0.13 0.11 0.19 0.14 0.17 0.55 0.73 0.55 0.74 0.02 0.04 0.02 0.08 0.01 0.05 0.02 0.06 0.25 0.45 0.24 0.25 ... ...

0.17 0.02 0.04 0.03 0.15 0.03 0.04 0.03 0.19 0.04 0.14 0.08 0.15 ... 0.01 0.01 0.02 0.01 0.02 0.02 0.02 0.26 0.29 0.28 0.32 0.04 0.13 0.04 0.08 0.03 0.04 0.03 0.05 0.04 0.04 0.03 0.03 0.04 0.06 0.05 0.11 0.25 0.29 0.27 0.35 0.06 0.20 0.06 0.08 0.13 0.22 0.18 0.41 ... ...

0.31 0.01 0.01 0.03 0.24 0.27 0.24 0.28 ... 0.09 0.09 0.20 0.05 0.06 0.06 0.06 0.47 3.00 0.95 0.95 0.13 0.20 0.13 0.25 ... 0.21 0.35 1.65 0.01 0.01 0.01 0.02 0.04 0.04 0.04 0.07 0.03 0.03 0.04 0.06 0.01 0.01 0.01 0.02 0.10 0.12 0.10 0.25 0.06 0.08 0.06 0.29 0.03 0.04 0.03 0.16 ... ...

1.09 0.04 0.06 0.06 0.10 ... ...

0.10 0.01 0.10 0.10 0.17 0.08 0.13 0.10 0.09 0.15 0.15 0.18 ... ...

0.03 0.04 12.52 13.30 12.52 14.40 0.02 0.02 0.02 0.05 0.01 0.16 0.05 0.05 0.15 ...

0.16 0.20 0.05 0.11 0.05 0.12 0.12 0.23 0.12 0.25 0.54 0.65 0.56 0.93 0.02 0.04 0.05 0.05 0.02 0.02 0.04 0.06 0.12 0.19 0.12 0.18 0.10 ...

0.15 0.22 0.01 0.01 0.01 0.02 0.22 0.34 0.25 0.45 0.04 0.07 0.05 0.07 0.17 0.31 0.15 0.50 0.02 0.02 0.01 0.08 0.15 0.08 0.11 0.10 0.12 0.11 0.17 0.01 0.50 0.05 0.03 0.05 0.04 0.08 ... ...

0.12 0.20 0.01 ...

0.15 0.20 0.04 0.05 0.05 0.09 0.09 0.12 0.12 0.77 0.06 0.10 0.06 0.09 0.08 0.25 0.08 0.32 0.09 0.10 0.10 0.10 0.07 0.08 0.07 0.16 ... ...

0.05 0.11 0.11 0.11 0.10 0.24 0.12 0.22 0.04 0.04 0.04 0.11 0.13 0.11 0.20 ... ...

0.15 0.20 0.01 0.01 0.01 ... 0.40 0.40

0.05 0.04 0.15 0.08 0.04 0.16 0.20 1.51 0.04 0.04 0.05 0.08 0.02 0.04 0.02 0.01 0.02 0.02 0.06 0.12 0.08 0.07 0.06 0.38 0.02 0.01 0.17 0.03 0.03 0.08 0.01 0.01 0.12 0.03 0.02 0.03 0.05 0.19 0.04 0.09 0.04 0.08 0.03 0.54 0.12 0.35 0.01 0.03 0.03 0.01 0.10 0.05 0.02 0.04 0.09 0.06 0.02 6.12 0.01 0.04 0.15 0.04 0.11 0.56 0.01 0.03 0.12 0.09 0.01 0.10 0.04 0.15 0.08 0.10 0.02 0.07 0.09 0.03 0.09 0.01 0.08 0.02 0.04 0.10 0.09 0.15

STOCK

12-MONTH

EXC BID ASK LAST HIGH LOW

New World Res V Nickel North V Norsemont Cap C Nortec Mnls V Northern Uran V Oceanic Iron O V Odyssey Res V Opawica Expl V Orford Mining V Orsu Metals V Pac Arc Res V Pac Cascade V Pac Imperial V Pac Ridge Expl V Pacific Empire V Patriot Gold C Pedro Res V Philippine Mtl V V Phoenix Gold Plata Latina V Plate Res V Plato Gold V Primary Energy C Prism Res V ProAm Expl V Project One C Q-Gold Res V Quadro Res V C Quantum Cobalt Rare Element* X Razore Rock Res C Regency Gold V Reliant Gold C Remington Res V Rhyolite Res V Ridgestone M’g V Riley Resource V Rizal Res V Rochester Res V Rockex Mng C Rockland Mnls V Rockwealth Res V Rojo Res V Ross River V Roughrider Exp V Rover Metals V RTG Mining T Rubicon Mnrls* X Sage Gold V Saint Jean V Samco Gold V Sennen Potash V Shine Minerals V Silver Mtn Mns V Silver Phoenix C Skarb Explor C Slave Lake Zn C Stelmine Can V Stornoway Diam T Surge Explor V Talmora Diamd C Tembo Gold V Tesoro Mnrls V Thor Expl V Thunder Mtn Gd V Tiger Intl V Timberline Res V Tintina Mines V TomaGold V Tri-River Vent V Trident Gold V Trinity Valley V Trueclaim Expl V Ubique Mineral C United Battery C Upper Canyon V Uravan Mnrls V Usha Res V Val-d’Or Mg V Vale* N ValOre Metals V Vangold Res V Vantex Res V Vatic Vent V Volt Energy V Wescan Gldflds V Westcot Vent V Western Troy C V Whitemud Res V Xander Res V Xiana Mng V Zadar Ventures V Zara Res C Zena Mining V Zenith Explor C Zinco Mng V Zincore Mtls V

0.30 0.30 0.21 0.30 0.01 0.01 0.01 0.03 0.29 0.40 0.30 0.43 0.02 0.02 0.02 0.06 0.01 0.01 0.01 0.02 0.06 0.07 0.07 0.15 0.03 0.07 0.03 0.05 0.06 0.08 0.06 0.11 0.05 0.05 0.05 0.25 0.27 0.28 0.27 0.40 0.24 0.35 0.27 0.45 0.01 0.02 0.01 0.02 0.02 0.02 0.04 0.04 0.05 0.05 0.07 0.03 0.05 0.04 0.10 0.05 0.09 0.06 0.06 0.14 0.15 0.10 0.29 0.03 0.14 0.08 0.14 ... ...

0.05 0.07 0.02 0.04 0.02 0.04 0.04 0.06 0.05 0.07 0.02 0.02 0.02 0.04 ... 0.39 0.40 1.10 0.03 0.05 0.03 0.05 0.06 0.08 0.07 0.12 0.17 0.25 0.18 0.30 0.26 0.30 0.26 0.30 0.02 0.03 0.02 0.07 ... ...

1.10 3.15 0.11 0.16 0.15 0.89 0.07 0.10 0.09 0.09 0.11 0.18 0.13 0.23 ... 0.02 0.02 0.13 0.20 0.16 0.23 0.14 0.16 0.17 0.26 0.24 0.25 0.24 0.30 0.13 0.25 0.13 0.22 0.01 0.02 0.02 0.03 0.03 0.04 0.03 0.06 0.03 0.04 0.04 0.10 0.07 0.08 0.08 0.11 0.46 0.50 0.46 0.50 ... 1.25 0.19 0.30 ...

0.28 0.26 0.07 0.09 0.07 0.12 0.04 0.04 0.07 0.08 0.07 0.08 0.07 0.16 ... ...

0.03 1.35 0.01 0.01 0.02 0.03 0.03 0.04 0.06 0.03 0.06 0.05 0.08 0.22 1.00 0.45 0.45 0.04 0.05 0.03 0.14 0.01 0.01 0.01 0.02 0.13 0.20 0.13 0.22 ... 0.10 0.08 0.10 0.04 0.07 0.06 0.13 0.14 0.14 0.14 0.17 0.01 0.01 0.02 0.32 0.39 0.44 0.39 0.23 0.03 0.05 0.03 0.06 0.02 0.03 0.03 0.04 0.04 0.05 0.04 0.07 0.12 0.16 0.15 0.19 ... ...

0.17 0.17 0.05 0.15 0.06 0.15 0.08 0.11 0.10 0.13 0.04 0.08 0.04 0.08 0.04 0.04 0.05 0.06 ... ...

0.04 0.15 0.20 0.15 0.16 0.06 0.08 0.08 0.15 0.07 0.12 0.10 0.13 0.04 0.07 0.07 0.20 0.02 0.03 0.03 1.68 0.75 0.75 0.25 0.37 0.03 0.03 0.04 0.05 0.01 0.18 0.10 0.21 0.07 0.10 0.10 0.11 ... ...

10.24 11.10 0.06 0.07 0.07 0.13 0.05 0.05 0.04 0.08 0.20 0.36 0.20 0.40 ... 0.06 0.10 0.10 0.04 0.06 0.05 0.10 0.04 0.06 0.04 0.11 ... 0.35 0.35 0.01 0.10 0.10 0.10 0.01 0.02 0.02 0.03 0.09 ...

0.09 0.12 0.38 0.50 0.40 0.61 0.09 0.12 0.10 0.45 ... ...

0.07 0.22 0.08 0.12 0.09 0.10 ... 0.21 0.14 0.20 0.05 0.07 0.05 0.03 0.40 0.05 0.07

0.15 0.01 0.25 0.02 0.01 0.04 0.02 0.05 0.04 0.18 0.20 0.01 0.04 0.03 0.04 0.09 0.04 0.04 0.02 0.03 0.01 0.08 0.03 0.05 0.18 0.12 0.02 0.20 0.06 0.07 0.10 0.12 0.14 0.15 0.13 0.01 0.03 0.01 0.01 0.12 0.10 0.06 0.03 0.07 0.03 0.02 0.02 0.45 0.03 0.01 0.03 0.08 0.04 0.09 0.01 0.03 0.02 0.01 0.04 0.13 0.17 0.04 0.07 0.02 0.04 0.14 0.04 0.07 0.05 0.02 0.17 0.02 0.10 0.05 6.57 0.07 0.03 0.14 0.06 0.02 0.03 0.03 0.01 0.03 0.31 0.08 0.07 0.04 0.04 0.05

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JANUARY 20-23, 2020

SPECIAL SUPPLEMENT TO THE NORTHERN MINER / OCTOBER 28–NOVEMBER 10, 2019

PAGES B1 - B8

LENS ON DISCOVERY

AN INVITATION FROM THE ROUNDUP COMMITTEE CHAIR

Dale Mah, Endeavour Silver Corporation, Chair, Roundup 2020 Organizing Committee

We geoscientists are born explorersventuring into the unknown, peering beneath the surface to discover the next big deposit. As mining around the world expands and matures, this becomes more challenging and we must learn to look at our industry from new perspectives and create new technologies to assist us in our discoveries. For the past 36 years, Mineral Exploration Roundup has been a place where we can gather to learn from one another, celebrate our successes and put our heads together to visualize how to surmount the challenges facing the mining industry.

We can recharge ourselves to fuel the search for future mineral discoveries.

ABOUT AME The Association for Mineral Exploration (AME) is the lead association for the mineral exploration and development industry based in British Columbia.

Established in 1912, AME represents, advocates, protects and promotes the interests of thousands of members who are engaged in mineral exploration and development in B.C. and throughout the world. AME encourages a safe, economically strong and socially and environmentally responsible industry by providing clear initiatives, policies, events and tools to support its membership.

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Honouring this year’s theme, Lens on Discovery, AME is proud to present keynote speakers, short courses, technical sessions, core shacks, student resources and public outreach programs that encourage looking deeper, changing viewpoints and identifying new opportunities and untapped potential within our industry, and ourselves as professionals.

For Roundup 2020, we are excited to offer a short course on Machine Learning, a subject that has been of great interest and curiosity. Together with courses on porphyry and epithermal targeting, we believe there will be something for everyone. The Innovation Hub has been growing

in popularity over the past few years and will focus on the application of geophysics amongst other new technologies. We also encourage you to visit the Project Generator’s Hub and Prospectors’ Tent to find your next potential project; while the Gathering Place provides a welcoming space for indigenous, political and industry leaders. For hands on geology, the Core Shack runs all four days in the Exhibit Hall and is always a must-see.

On behalf of the AME, I welcome you to the Minera l Exploration Roundup 2020. We hope you enjoy an incredible conference that leaves you inspired, renewed and ready to discover for another year.

GENERAL INFORMATION Venue Vancouver Convention Centre East, “Under the Sails,” 999 Canada Place, Vancouver, B.C.

Online Registration Visit roundup.amebc.ca to register and for conference, visitor and hotel information.

Registration Inquiries: For registration questions, please contact Roundup Registration at 1.855.787.2457 (toll-free) or email events@ amebc.ca.

Hotel information AME has secured competitive rates at local hotels for Roundup 2020. Booking within the conference hotel block directly supports the association. We appreciate your support in booking your accommodations through our partnering hotels. Visit http://roundup.amebc.ca/attendees/ hotel-visitor-info/ for details.

INTRODUCING FAST

TRANSFORMING THE WAY YOU EXPLORE & PRODUCE YOUR PRODUCT Field Analytical Services and Testing (FAST) takes instruments into the field on-site, even the most remote areas, provides data in 24 to 48 hours and enables you to make decisions quicker than ever before.

SGS IS THE WORLD’S LEADING INSPECTION, VERIFICATION, TESTING AND CERTIFICATION COMPANY

CA.MINERALS@SGS.COM WWW.SGS.COM/MINING

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AME ROUNDUP 2020 / THE NORTHERN MINER / OCTOBER 28-NOVEMBER 10, 2019

THE ASSOCIATION FOR MINERAL EXPLORATION SINCERELY THANKS THE SPONSORS OF ROUNDUP 2020 (AS CONFIRMED AT THE TIME OF PRINTING) FOR THEIR SUPPORT

PATRON SPONSOR

GOLD SPONSORS

SILVER SPONSORS

BRONZE SPONSORS

LEAD MEDIA SPONSOR

Sponsorship opportunities are available for AME Roundup 2021.

For more information, please contact Roxanne Finnie, AME Director, Events & Membership, at 604.630.3927.

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TECHNICAL SESSIONS OFFICIAL OPENING CEREMONIES AND KEYNOTE SPEAKER Monday, January 20 | Morning

Join us to kick off Roundup 2020 with conference keynote and political counterparts that will speak on the mineral exploration and development industry from both a local and global perspective and how that affects the local B.C. exploration sector.

REGIONAL OVERVIEWS – B.C./ YUKON/ALASKA Monday, January 20 | Morning

This signature session will provide an update on mineral exploration and mining activities in British Columbia, Yukon and Alaska. The content will link the latest geoscience information with the latest mineral exploration and mining industry activities. This session is geared to providing prospectors, exploration geologists, engineers, miners, financial analysts, investment organizations and senior industry leaders with a solid foundation and a vision to succeed. Please join us as we celebrate the successes of the past year in mineral exploration and mining, and gear up for the discoveries ahead.

NEW GEOSCIENCE: RESEARCH AND KNOWLEDGE FOR EXPLORATION Monday, January 20 | Afternoon

The New Geoscience Session showcases the results of frontline geoscience initiatives bringing forward new ideas on the regional geology of the Cordil-

lera and their bearing on mineralization. Topics will range from regional syntheses of important metallotects to focused studies highlighting new investigative approaches.

THEME SESSION – THE B.C. COPPER ADVANTAGE Tuesday, January 21 | Morning

Seeing the Unseeable: Exploring for ore deposits increasingly requires looking undercover and to deeper targets. Find out how new ways to see ore systems undercover, at depth or from their cryptic expressions on the surface can improve drilling success.

Commodities and Financial Markets Session Tuesday, January 21 | Afternoon This year’s session brings together a roster of industry experts including corporate advisory consultants, technical study directors, equity research analysts, and commodity strategists to share their expertise on a wide range of financial

and commodity-related matters. Presentation themes will include capital raising and business risks in today’s markets as well as commodityspecific discussions on the outlook a variety of metals and mineral commodities. With a line-up of high-profile speakers, this session promises to be relevant, to-the-point, thought-provoking and a highlight of Roundup for all attendees.

PRECIOUS METALS SESSION Wednesday, January 22 | Morning

The Precious Metals Session will showcase selected gold and silver exploration projects from across Canada and the world. The presentations will feature skilled mineral explorationists highlighting their recent successes based upon the elements of research, innovation, technical expertise and creative project management. The session will provide insights on a range of mineral deposits including mesothermal gold in Eastern Canada, porphyry and epithermal gold and silver in the Americas and beyond.

BASE METALS SESSION Wednesday, January 22 | Afternoon

The Base Metals markets have continued to see growing interest in long-term supply of copper, nickel and zinc. This trend is underpinned by dwindling existing reserves and emerging demandside pressure arising from accelerating demand for electric vehicles and energy storage. In this session we aim to present new Copper, Nickel and Zinc exploration projects from Canada and around the world, providing valuable insights to their geological setting and discovery story.

B.C., YUKON, ALASKA CORDILLERA Thursday, January 23 | Morning

This session covers a broad region in western North America with a diverse geologic history.

This year’s focus will be on a selection of exciting and innovative exploration programs across a range of commodities and deposit types in BC, Yukon, and Alaska.

GOVERNMENT INDUSTRY FORUM

CONNECT WITH YOUR GOVERNMENT, ROUNDUP PROVIDES SEVERAL OPPORTUNITIES TO HEAR FROM ELECTED OFFICIALS. Monday, January 20 | Afternoon

Mineral exploration and development are an integral part of Canada’s economic landscape and provide significant benefits to both rural and urban communities in British Columbia and across the country. A competitive mineral exploration sector requires access to much of the provincial land-base for exploration, streamlined regulatory and permitting processes, support of the public and Indigenous communities and access to risk capital.

The Roundup 2020 government-industry forum will include the following: • Presentation and Q&A with Blair Lekstrom, Dawson Creek City Councillor and former BC Minister of Energy, Mines and Petroleum Resources on the theme of ‘Lessons in Public Engagement’.

• Presentation and panel moderation by Vaughn Palmer, Vancouver Sun’s hard-hitting and award-winning provincial political columnist. The panel will include provincial and federal politicians and focus on the theme of competitiveness of British Columbia’s minerals sector.

AME’S THE GATHERING PLACE

THE GATHERING PLACE: WHERE INDIGENOUS, GOVERNMENT AND INDUSTRY LEADERS MEET Tuesday, January 21 and Wednesday, January 22

Roundup 2020 takes place on the unceded territories of the Coast Salish people, including the lands of the xʷməθkʷəy ̓əm (Musqueam), Skwxwú7mesh (Squamish) and səl í̓ lwətaʔɬ /Selilwitulh (Tsleil-Waututh) Nations.

The Gathering Place provides a welcoming space for respectful dialogue where participants have the opportunity to learn from each other’s experiences – lessons learned, best practices, challenges and successes relating to building mutually beneficial relationships with industry and indigenous groups during mineral exploration and development. The Gathering Place is a multi-day ‘showcase’ session at Roundup and is a widely anticipated and actively attended event that attracts a broad range of Roundup attendees.

FROM A RICH HISTORY A PROMISING FUTURE

OPERATING CANADA’S NEXT GOLD MINE TSX.V

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EXHIBIT HALL

The Exhibit Hall is a staple of Roundup and presents an unparalleled opportunity to visit a wide cross-section of companies working in the mineral exploration and development sector. Along with great exploration and service and supply companies, make sure to check out the Core Shack, Prospectors’ Tent and Poster Session, all located on the Exhibit Hall floor.

Dates: Monday, January 20 to Thursday, January 23 Time: 9 a.m. to 4 p.m. (Monday to Wednesday); 9 a.m. to 2:30 p.m. (Thursday)

AME ROUNDUP 2020 EXHIBITOR LIST The following exhibitors were confirmed as of October 16, 2019.

62 Degrees North Inc Abitibi Geophysics Inc Accurate Industries Canada Activation Laboratories Ltd. (Actlabs) AGAT Laboratories Ltd. Agilent Technologies Agnico Eagle AIL Mining Air Tindi Ltd. Alaska Structures, Inc. ALS Global ALX Exploration & Mining Supplies ALX Uranium AMC Mining Consultants Anachemia Science a VWR Company Analytical Solutions Ltd. APEX Geoscience Ltd. Archer, Cathro & Associates (1981) Limited Association for Mineral Exploration (AME) Atlas Drilling Ltd. Auracle Geospatial Science Inc. Aurora Geosciences Ltd. Avidian Gold Corp BC Ministry of Energy, Mines and Petroleum Resources BC Regional Mining Alliance (BCRMA) BC Securities Commission BC Treaty Commission BCIT - Mineral Exploration and Mining Blackstone Minerals Blind Creek Resources Ltd. / Engineer Gold Mines Ltd. Blue Coast Research BMC Minerals Boart Longyear

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Bureau Veritas Canada (2019) Inc. Bureau Veritas Minerals Burgex Inc. C.J. Greig and Associates Ltd. Camfil Farr APC/Envirotech Air Canada Revenue Agency Canadian Association of Petroleum Producers Canadian Helicopters Limited CanNor Canyon Equipment Caron Business Solutions Inc. CartoCanada Inc. Carube Copper Corp.

CDN Resource Laboratories Ltd. CGG Challenger Geomatics Ltd. Chrono Aviation CIM (Canadian Institute Of Mining, Metallurgy and Petroleum) Coast Mountain Geological Ltd. Colorado Resources Ltd Condor North Consulting ULC Constantine Metal Resources Ltd. Corescan Inc Corporate Traveller Crone Geophysics & Exploration Ltd. Crown-Indigenous Relations and Northern Affairs Canada Datamine Deakin Industries DGI Geoscience Inc Dias Geophysical Di-Corp Discovery Group Discovery International Geophysics Inc. Discovery Mining Services Drillwell Enterprises

DRIVING FORCE Vehicle Rentals, Sales and Leasing Eagle Mapping Ltd. Eagle Plains Resources Ltd. / Terralogic Exploration Inc. Earth, Environmental and Geographic Sciences - UBC Okanagan Eastfield Resources Ltd. Ecofish Research Ltd. Elemental Controls Limited EMX Royalty Corp.

Enersoft Engineers and Geoscientists BC Ensol Systems Inc Equity Exploration Consultants Ltd ERM Evrim Resources Corp.

Expert Geophysics Limited Extreme Products Inc. / Talik Industrial Inc. FORACO CANADA LTD. Fordia Group Inc Foremost Industries Foundex Explorations Ltd. Frontier Geosciences Inc. Frontier Power Products Ltd. Full Force Diamond Drilling Ltd. Galaxy Broadband Communications Inc. Geometrics Geoscience BC Geotech Drilling Service Ltd. Geotech Ltd. Geotic Inc. Globalstar Canada Satellite Co. Go Metals Corp.

Golder Associates Ltd. Goldspot Discoveries Corp.

Government of Greenland

Government Of Nunavut Government of Saskatchewan Government of the Northwest Territories/Northwest Territories Geological Survey Government of Yukon Great Slave Helicopters 2018 Ltd. GroundTruth Exploration GT Gold Hardrock Diamond Drilling Ltd. Hatfield Consultants HDI & Amarc Hecla Mining Company HEG & Associates Exploration Services Inc. Helicopter Transport Services (Canada) Inc. High Power Exploration (HPX) HiSeis Pty. Ltd. HydraCore Drills Hyperspectral Intelligence Inc. Hy-Tech Drilling Ltd. HyVista Corporation ICD ICOM Canada Imago Imdex Limited Imperial Metals Corporation Independence Gold Corp.

INFOSAT Communications LP Instrumentation GDD Inc. Integrated Sustainability International Directional Services IRL Supplies Ltd. Island Key Computer LTD / Lenovo Kasteel Construction and Coatings Inc. Kemetco Research Kenn Borek Air Ltd Knight Piesold Ltd

Komplete Modular Solutions Ltd. Krux Analytix Laurentian University Lorax Environmental Services Ltd. Macon Industries Inc Major Drilling Malvern Panalytical Maptek Margaux Resources Ltd. Matrix Camps, Logistics & Aviation Management Maxwell GeoServices (Canada) Inc. MBI Drilling Products Inc. McCue Engineering Contractors McElhanney MDRU - Mineral Deposit Research Unit, UBC MICROMINE Midas Gold Corp.

Midnight Sun Drilling Inc Mincon Canada Minerva Intelligence Inc. Mining Industry NL Mira Geoscience Ltd. MMD Mineral Sizing (Canada) Inc. Mobile Augers and Research MSALABS Mud Bay Drilling (2015) Ltd. Multi-Power Products Ltd. National Compressed Air Canada Ltd. Natural Resources Canada Network Innovations New Brunswick Department of Energy and Resource Development Newfoundland and Labrador Department of Natural Resources New-Sense Geophysics Ltd.

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Nolinor Aviation North Point Helicopters Ltd. Northspan Explorations Ltd. Northwest Territories Regions Northwestel Inc. NorZinc Ltd Nova Scotia Department of Energy and Mines Nunavut Tunngavik Incorporated Omega Drilling OrbitGarant Drilling Orix Geoscience Inc Overburden Drilling Management Limited Pacific Geomatics Ltd. Peter E. Walcott & Associates Limited PhotoSat Pilot Diamond Tools Placer Gold Design Pothier Enterprises Ltd. Precision GeoSurveys Inc. Precision Petrographics Ltd. Precision Service & Pumps Inc. Privateer Gold Ltd Procon Mining & Tunnelling Ltd. Prolenc Manufacturing Inc Prospectors & Developers Association of Canada (PDAC) Prospectors Supplies Pty Ltd. (Core Safe Core Trays) Province of BC, Mining Compliance and Enforcement Quantec Geoscience Radius Drilling Corp.

Raymac Environmental Services Inc. Robertson Mfg Ltd S&P Global Market Intelligence Sabina Gold & Silver Corp.

Sander Geophysics Scott Hogg & Associates Ltd. Secure-Rite Mobile Storage Inc Seequent Selwyn Chihong Mining Ltd. Sepro Laboratories SGDS Hive SGS Canada Inc.

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SJ Geophysics Ltd. Skeena Resources Limited Skyline Assayers & Laboratories SkyTEM Canada Inc. SLAM Exploration Ltd. SLR Consulting (Canada) Ltd. Small’s Expediting Ltd. Society of Economic Geologists Inc. (SEG) SolGold Plc SPECTIR SRC-Geoanalytical Laboratories SRK Consulting (Canada) Inc. Stantec Consulting Ltd. State of Alaska

Stephen Smith, Inc./Larry R. Moyer Exploration, LLC. Stewart World Port Stockholm Precision Tools Stuhini Exploration Ltd. Summit Air Ltd. Summit Camps Superior Propane SurveyTECH Instruments & Services Talisker Resources Team Drilling LP TECH Directional Services Inc. Teck Resources Limited Terra Remote Sensing Inc Terrace Business Resource Centre

Terrace Kitimat Airport Society dba Northwest Regional Airport Terrace-Kitimat TerraCore Terrane Geoscience Inc. Terraplus Inc. Terraquest Ltd. Tetra Tech Thane Minerals Inc. The Northern Miner The Valard Group of Companies Tintina Air Tlicho Investment Corporation Trans North Helicopters TSL Laboratories Tufport Industries Ltd.

Tundra Sales Inc. University of Alberta Van Houtte Coffee Services Veolia Water Technologies Canada Inc. Weatherhaven Western Drilling Tools Inc. Wood Xplornet Enterprise Solutions Yukon Chamber of Mines Yukon College Centre for Northern Innovation in Mining Yukon Dan Gold Panning Zimtu Capital Corp.

Zonge International Inc.

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ConstruCtion AnD Mining serviCes

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EVENTS

Connect with mineral exploration leaders at Roundup 2020 events.

Please check our Partner Events page for events hosted by AME Roundup’s partners TICKETED NETWORKING EVENTS Tickets are available for purchase when registering.

NETWORKING EVENTS ICEBREAKER RECEPTION

Sunday, January 19

This opening reception provides a great opportunity for delegates to meet new Roundup attendees, as well as catch up with friends and colleagues.

Sunday, January 19

AME LUNCH – KEYNOTE TO BE ANNOUNCED

STUDENT-INDUSTRY NETWORKING EVENT

CHAIR’S WELCOME DINNER – INVITATION ONLY

Monday, January 20

RECONCILIATION BREAKFAST

A discussion on how leaders can enable a culture of reconciliation through their work at our third annual Reconciliation Event sponsored by Teck Resources Limited. The third annual event inspired and sponsored by Teck Resources Limited Tuesday, January 21

FINANCE LUNCH – KEYNOTE TO BE ANNOUNCED

The AME Finance Lunch is a staple of Mineral Exploration Roundup that highlights the financial side of the mineral exploration industry.

Tuesday, January 21

AME ENVIRONMENT, HEALTH AND SAFETY AWARDS BREAKFAST – KEYNOTE TO BE ANNOUNCED

A keynote speaker will present on the latest in industry health and safety. Join AME and PDAC for the 2019 Safe Day, Everyday Gold Award presentation.

Wednesday, January 22

OLD-TIMERS’ LUNCH – INVITATION ONLY Wednesday, January 22

The Student-Industry Networking Event provides an opportunity for students and industry representatives to network and discuss career opportunities and options within the mineral exploration sector, as well as other related industries, in a relaxed environment. Three lucky students also have the chance to win a tuition top-up from the business card draw.

For Students, this is a great opportunity to get the career advice you may need! This event is not a job fair, so leave the resumé behind, however, we do recommend bringing business cards with information about your education, experience and contact details.

Sunday, January 19

B.C. NIGHT

AME’s famous BC Night, always a highlight at Roundup. All delegates are welcome to mark the mid-way milestone of the conference. Guests are in for a great time at BC Night! Connect with old friends, make new contacts and check out displays from groups representing the regions of BC. Tuesday, January 21

TSX LIVE MARKET CLOSE

Please join us to close the market for the Toronto Stock Exchange and TSX Venture Exchange on the last day of Mineral Exploration Roundup 2020! All are welcome.

Thursday, Jan 23

EXHIBIT HALL HAPPY HOUR

AWARDS GALA: CELEBRATION OF EXCELLENCE

AME proudly recognizes the remarkable achievements and contributions of individuals and teams in the mineral resource, investment, and mineral exploration industry at the annual AME Awards Gala. To see the 2018 awards recipients, learn more about the different awards we offer, or how to nominate someone you think is deserving of an award visit our awards page.

Wednesday, January 22

Capping off the day in the Exhibit Halls, exhibitors and attendees enjoy a happy hour reception. All delegates are welcome.

Monday, January 20 – Wednesday, January 22 (4:00pm to 5:00 pm daily)

SPORTING EVENTS The sporting events are held off site and registration in required.

HOCKEY CHALLENGE

The Roundup Hockey Challenge is a fun event intended for all skill levels and will be open to all who are inclined to participate, to be held at Canlan Ice Sports Burnaby 8 Rinks for a mini-tournament with four teams competing in a winner-takes-all event.

Monday, January 28 (2 to 4 p.m.)

CURLING BONSPIEL

This annual event is a great networking opportunity for those who love to curl or who would like to give it a try!

Wednesday, January 22 6:30pm to 10:30pm

FREE FAMILY EVENT DISCOVERY DAY!

Everyone is invited to attend Discovery Day. Explore and enjoy the interactive, innovative and educational displays. Bring the whole family down to experience the intrigue and excitement of our industry, with interactive and educational displays that will engage both adults and children.

Registration is not required for this event. Fun for the entire family, come down to this FREE EVENT and learn about the importance of minerals and metals in our everyday lives.

Sunday, January 19, 10:00am to 2:00 pm

AME ANNUAL GENERAL MEETING (AGM) AME MEMBERS ONLY

The 109th Annual General Meeting of the Association for Mineral Exploration will be held on Wednesday, January 22 at 2pm. The AGM gives AME an opportunity to update members on the 2019 -2020 Annual Workplan and achievements of the Association. The meeting also enables members to participate in the governance and leadership of the organization.

We welcome and look forward to your participation as a member of AME.

CORE SHACK, TECHNICAL & INNOVATION DISPLAYS CORE SHACK

The Core Shack showcases new discoveries, leading prospects, advanced projects and operating mines from around the world. Core Shack 2020 will feature drill core samples from projects in diverse countries and settings and represent a broad array of deposit types and project stages.

INNOVATION STAGE: GEOPHYSICS SESSION *NEW

Details on this new session will be available on roundup.amebc.ca Tuesday, January 21 10:00am to 12:00pm

INNOVATION HUB PRESENTATIONS

Learn from the Innovation Hub participants about how they have helped their clients do more with less, increasing understanding of their projects and presenting information more clearly and effectively.

Schedule will be posted as participants are confirmed.

Wednesday, January 22 10:00am to 1.30pm

INNOVATION HUB AND INNOVATION STAGE

The hub is on the Exhibit Hall floor and talks are held on the Innovation Stage, the sessions will highlight technical, technological and social innovations in the industry. As our industry evolves, we are often faced with doing more with less. Learn from the Innovation Hub participants about how they have helped their clients do more with less, increasing understanding of their projects and presenting information more clearly and effectively. All passes welcome.

INNOVATION STAGE: VANGUARD SESSION

Hear from companies on the leading edge of technology and how they are helping miners and explorers the world over find new deposits, expand existing deposits, improving stakeholder communications and furthering our understanding of industry best practices.

Monday, January 20 10:00am to 12:00pm

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INNOVATION STAGE: ADDITIONS TO THE GEOSCIENCE TOOLBOX

Assembling new tools for your ‘Exploration Toolbox’, presenters will share results from recent innovative geoscience projects across Canada and deliver talks featuring new methodologies that support the mineral exploration and mining industries.

Speakers represent national, provincial, and territorial geological surveys, Universities, and Canadian research agencies.

Tuesday, January 21 1:15pm to 4:00pm

INNOVATION STAGE: SOCIAL INNOVATION IN MINERAL EXPLORATION

This session will profile AME’s recently released video series on social engagement/innovation in mineral exploration and development. Presenters will focus on case-studies and leading examples around integrating social aspects into company

policies and practices and on engaging with people and communities around exploration sites.

Thursday, January 23 10:00am to 12:30pm Check back on roundup.amebc.ca for more program information for the Innovation Hub and Innovation Stage.

POSTER SESSION AUTHORS AND STUDENT PRESENTATIONS

Authors will be available at their posters to discuss their projects and results. Students participating in the Soapbox Talks will deliver 5-minute snapshots of their research and results.

Monday, January 20 from 4:00 pm to 6:00 pm

PROSPECTORS’ TENT

The Prospectors’ Tent provides an opportunity for independent prospectors to present their hard-earned mineral properties and discoveries.

Featuring displays of maps, rock samples, drill core, sketches, photographs and analyses, it’s a great place to see properties with potential throughout B.C. and Yukon, and perhaps to make some discoveries of your own.

POSTER SESSION

The Poster Session is Canada’s premier venue for dissemination and examination of applied mineral deposit and exploration geoscience research. The Poster Session hosts over 80 presenters from leading government, academic and industry research organizations that gather at Roundup to share pioneering work on the genesis and distribution of mineral resources throughout Canada, and beyond.

The Poster Session also enjoys participation from graduate students working at universities across Canada and around the world, and AME is proud to promote the excellent work being done by our newest members of the mineral deposit community. In addition to presenting cutting-edge research, student contributors will be competing for the most innovative, interesting and accessible economic geoscience presentation of the year.

Posters will only be on display on Monday, January 20 only

PROJECT GENERATORS HUB

The Project Generators Hub will feature companies daily that specialize in generating exploration ideas and turning these ideas into active projects. These ‘Project Generators,’ as they are known, typically maintain a portfolio of projects that can be advanced by creating joint-venture partnerships with other companies. The project generator business model mitigates risk by exposing shareholders to the potential of multiple mineral discoveries, while conserving capital and managing equity dilution. The Hub will allow each company to exhibit maps and rocks from properties they would like to option/joint venture.

Finding joint venture partners is a key component for a successful Project Generator.

Visitors to the Hub would be exploration and mining companies seeking new projects; as well as students who wish to learn about advancing projects from concept to drill stage.

The Project Generators will be located on the Exhibit Hall floor with presenting companies changing each day. Come by for a coffee and chat with some of the hottest prospects. Visit roundup.amebc.ca for the announcement of presenters.

Monday, January 20 to Wednesday January 22 from 9:00am to 4:00pm Thursday, January 23 9:00am to 2:30pm

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SHORT COURSES

Register early for Short Courses; these are often sold out well in advance of the conference. AME’s short course program provides delegates with opportunities to go beyond the technical and best-practice sessions for practical expertise for daily on-the-job use.

Saturday, January 18 and Sunday, January 19 (8:00 am - 5:00 pm) MINING COMPANY DISCLOSURE 101 Presented by: B.C. Securities Commission, TSX Venture Exchange (TSX-V) and Investment Industry Regulatory Organization of Canada (IIROC)

Learn the fundamentals of scientific and technical disclosure that follows National Instrument 43-101.

This full-day course is designed to help geoscientists, engineers and a company’s officers & directors understand the requirements of mineral project technical disclosure, and the underlying principles.

The format of the course will include both presentations and panel discussions that will examine how good technical disclosure may easily be achieved.

Technical disclosure examples and common situations will be explained, and ample time is included to address attendee questions.

Saturday January 18, 2020

VECTORING TO AND WITHIN PORPHYRY COPPER SYSTEMS Presented by: Mineral Deposit Research Unit (MDRU)

Porphyry copper systems can be huge, but form from a predictable series of processes that result in a predictable set of features that are related to the formation and cooling of hydrothermal fluids and their reactions with the host rocks. Exploration geologists can exploit this predictability if they can recognize these features. This course will explain the patterns, trends and geometry of porphyry system geology, mineralization and vein types, alteration assemblages, mineralogy, geochemistry, physical properties and geophysical signatures, and the tools and methods to use them. This critical information, either individually or integrated, forms the foundation to improved exploration decisionmaking to vector towards the central

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and more mineralized part of the porphyry system.

Saturday, January 18 and Sunday, January 19, 2020

CONCEPTS AND APPLICATION OF MACHINE LEARNING TO MINING GEOSCIENCE: A PRACTICAL COURSE Presented by: Antoine Caté, Ph.D., Senior Consultant, SRK Consulting (Canada); Jean-Philippe Paiement, P.Geo., M.Sc., Director Global Consulting, Mira Geoscience; Erwan Gloaguen, Ph.D., Holder of the Canadian Research Chair in Geophysical and Geological Data Assimilation for Modeling, INRS and Martin Blouin, Ph.D., CEO and Lead AI, Geolearn

Over the last 5 years Machine Learning has been a growing subject of conversation in the mining industry.

From targeting of mineral deposits to connected mining environment, there is no doubt that Artificial Intelligence will play a key role in the industry in the near future. However, the subject can seem obscure and is often hard to grasp, which creates apprehensions from geoscientists.

This workshop attends to introduce the participants to the applications and evaluation of Machine Learning in mining geoscience. The main concepts and best practices for applied Machine Learning to exploration and mining will be reviewed. The course will be set in a practical framework, with a focus on the understanding and usage of different algorithms without detailing the mathematics behind each algorithm.

Through a series of case studies, examples and hands-on exercises the attendees will learn how to best apply Machine Learning to different datasets and most importantly, evaluate the results produced by the algorithms.

Saturday, January 18 and Sunday, January 19, 2020

EPITHERMAL ORE DEPOSITS, AND TRANSITION TO THE PORPHYRY ENVIRONMENT: FORMATION AND EXPLORATION Presented by: Jeffrey W. Hedenquist, Consulting Geologist, Ottawa, Canada

Most epithermal ore deposits form in the shallow (<1 km depth) magmatic-hydrothermal environment of volcanic arcs, with a commonly asymmetric transition to deeper (~1.5-3 km) intrusion-hosted ore deposits of the porphyry system. Alteration and subsequent precious and/or base-metal mineralization at both epithermal and porphyry depths is related to the spatial and temporal evolution of the same hydrothermal system. Mineralogical interpretation is critical to assess epithermal and porphyry prospects: to determine erosion level (from paleosurface through the epithermal environment to near the tops of porphyry deposits); to correctly interpret geochemical and geophysical anomalies; and to estimate location, proximal or distal, relative to a potential ore deposit. Epithermal deposits also form in extensional settings with somewhat different mineralogy and metal characteristics, but with hydrothermal processes similar to those in arcs. Information from active hydrothermal systems, including fluids, flow paths, and mineralogy, is useful when applied to exploring their extinct equivalents. This course stresses mineralogical interpretation coupled with exploration insights.

Saturday, January 18 and Sunday, January 19, 2020

GEOCHEMICAL DATA: ACQUISITION, QUALITY, MANAGEMENT, INTERPRETATION

overview of best practice in exploration geochemistry. Day 1 of the course would also be suitable for database professionals wishing to know more about the collection of geochemical data and the assessment of its quality, as well as for more seasoned geologists wishing to review recent advances in the collection, analysis, QA/QC and interpretation of geochemical data.

Saturday, January, 18 and Sunday, January 19, 2020

CONTROLS ON PRECAMBRIAN GOLD AND BASE METAL DEPOSITS WITH A FOCUS ON THE SUPERIOR CRATON Presented by: Dr. Ross Sherlock, Dr. John Ayer, Dr. Bruno Lafrance and Dr. Harold Gibson

Precambrian greenstone belts are an important metal source worldwide.

As the rate of greenfields discoveries decrease the challenge is to focus scarce exploration dollars to the most prospective areas to discover new deposits. The Mineral Exploration Research Centre (MERC) at Laurentian University conducts field and laboratory research on mineral deposits and their ore systems to develop new

exploration methodologies.

Sunday, January 19, 2020

STUDENT GUIDE TO A CAREER IN EXPLORATION Presented by: Andy Randell, SGDS Hive

In this course, students will get the opportunity to learn more about the dynamic roles they will play in the exploration industry. The day will be split into two sessions, with the popular ‘Industry Speed Dating’ in the morning, followed by ‘Exploration Monopoly’ in the afternoon.

Industry “Speed Dating” allows small groups of people to talk face to face with industry leaders and learn about all aspects of the exploration industry. Alongside the more obvious geological applications, this is an opportunity to learn about First Nations, Environmental, New Technology and Laboratory testing, all of which play a vital role in the day to day life of an explorationist. The afternoon session of “Exploration Monopoly” follows on from the success of the 2017 session.

This is a team-based game played in the style of Monopoly, where attendees can take a prospect through to a discovery – if the cards are right!

Sunday, January 19, 2020

Mine plan review.

Reinterpretation & optimization.

14% increase in ore.

Think of the opportunity

Visit srk.com

Presented by: Dr. Dennis Arne and Dr. Pim van Geffen

This 2-day short course is designed for geology students and geologists at the start of their careers looking for an

resourceful | experienced | worldwide

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HIGHLIGHTS FROM ROUNDUP 2019

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