The Northern Miner Sept 28 2020 Issue 20 by The Northern Miner Group

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SEPTEMBER 28–OCTOBER 11, 2020 / VOL. 106 ISSUE 20 / GLOBAL MINING NEWS · SINCE 1915 / $5.25 / WWW.NORTHERNMINER.COM

Barrick’s Mark Bristow on building a licence to operate C-SUITE PERSPECTIVE

| Veteran mining executive

says the long-term game is what’s important BY TRISH SAYWELL

BHP’s Western Australia iron ore mine in the Pilbara region of the country. BHP

BHP asks traditional owners to voice concerns on cultural heritage sites ESG

| Aboriginal groups invited to speak freely

BY CECILIA JAMASMIE

Mining.com

HP (NYSE: BHP; LSE: BHP) has told Australian Aboriginal groups to freely speak their mind about the way it manages cultural heritage as the miner readied to appear before a federal inquiry following Rio Tinto’s (NYSE: RIO; LSE: RIO) destruction of two 46,000-yearold sacred shelters. Both companies have been criticized for having gag clauses in land agreements preventing traditional owners from publicly objecting to developments. “BHP has confirmed to traditional owners that it does not regard any term of its agreements with them as preventing them from making public statements about cultural heritage concerns,” it said in a news release. “If any provision in BHP’s agreements can be regarded as having this effect, then BHP will not enforce that clause.” The Melbourne-based miner also noted it had “strong existing internal processes” in place to ensure that if new information arises that changes the heritage significance of a site, that is taken into account in deci-

“DESPITE THE BEST OF INTENTIONS, INDIGENOUS HERITAGE AREAS LACK ADEQUATE PROTECTION.” WARREN ENTSCH MEMBER OF PARLIAMENT, AUSTRALIA

sions relating to the place. Some of the biggest mining projects and railways are located on, or right next to, traditional land of the Banjima people in the iron-ore rich Pilbara region of Western Australia. Traditional owners, however, are limited by contracts to speak against specific mining activities, the Banjima Native Title Aboriginal Corporation told the Australian government enquiry committee in August. “The destruction at Juukan Gorge has highlighted the fact that, despite the best of intentions, Indigenous heritage areas lack adequate protection,” Warren Entsch, the chair of the Joint Standing Committee of

Northern Australia’s public hearings into the heritage site destruction, said last week. BHP has government approval to disturb 40 heritage sites as part of a US$3.4 billion expansion of its South Flank iron ore project in Western Australia. Following a global backlash over Rio Tinto’s decision to blow up the rock shelters, which ended last week with its chief executive officer leaving the company, BHP launched a review of the expansion plans. “We recognize that what was lost at Juukan Gorge is not only the loss of a site of deep and unique living cultural heritage, but also a loss of trust, not just for the company involved, but with impacts for the entire resource industry,” the company said on Sept. 16. The South Flank project is expected to create 2,500 construction jobs, more than 600 operational roles and generate opportunities for Western Australian suppliers. The mine is expected to produce iron ore for more than 25 years. TNM — This article first appeared in MINING.com, which is part of the Glacier Resource Innovation Group.

tsaywell@northernminer.com

n an interview at Ernst & Young’s virtual Americas Mining & Metals Forum, Barrick Gold (TSX: ABX; NYSE: GOLD) chief executive Mark Bristow spoke about the importance of building a strong licence to operate, creating lasting relationships with governments and all stakeholders, and attracting generalist investors. Jeff Swinoga, co-leader of EY’s Canada Mining & Metals division, began the discussion by congratulating Bristow on Warren Buffett’s recent investment in Barrick Gold. Bristow responded that building a sustainably profitable business is key, and something he started at Randgold Resources in 1995, prior to that company’s merger with Barrick Gold, completed early last year. “We set out to build a sustainably profitable business, it happens to be gold…and to do that you need to focus on employing the best people, manage the best assets and… [focus] on the longer term. This is a long-term game,” he told EY’s Swinoga. “The mining industry often gets caught up with exploiting the moment… and we at Randgold attracted a very broad-based generalist following… talking to some of our big funds, it wasn’t uncommon to have 10 to 12 portfolio managers in those discussions from the generalist side led by specialist fund managers, and so we aspire to do that, and when we put Randgold and Barrick together we wanted to create a long-term tenyear plan that can roll [and] build a very sold data platform.” Bristow noted that since the business combination, Barrick’s balance sheet has improved and it has broadened its register of investors. “If you look at Barrick’s P&L today it looks very different than it was 18 months ago…and looks like any other public company. We’ve seen that general investor base in our register broaden out, and it’s a great privilege to have an investor like Berkshire Hathaway in our register, but we need more of those, so that’s a good step forward, but that’s our focus.” “The way investments are managed, public money is managed, is really moving away from the specialist focus, that’s why you have to be relevant and attractive to the

MINING SECTOR RESPONDS TO OUR COVID-19 SURVEY / 14

“MINING IS AN INDUSTRY WE ALL NEED” MARK BRISTOW BARRICK GOLD, PRESIDENT AND CEO

generalist investor portfolio managers,” he added. Turning to the importance of Environmental, Social and Corporate Governance (ESG), Bristow noted it is “absolutely core to our business.” “For many years it’s been like a feelgood index, but I can tell you whether you’re in Nevada or the Democratic Republic of Congo, you need a licence to operate today.” Bristow pointed to the main drivers behind having a strong licence to operate. The first is that mining companies are “stewards of national assets” – whether they be state or national assets – and given that political leaders change all the time, comSee C-SUITE PERSPECTIVE / 8 PM40069240

SEPTEMBER 28–OCTOBER 11, 2020 / THE NORTHERN MINER

W . N OR TH ER N M I N ER . COM

Inset: Rio Tinto CEO Jean-Sébastien Jacques. Above: The Pilbara region in Australia is home to cultural heritage sites. RIO TINTO

Rio Tinto CEO resigns over Aboriginal site blasts in Australia ESG

BY CECILIA JAMASMIE

Mining.com

io Tinto (NYSE: RIO; LSE: RIO) CEO Jean-Sébastien Jacques will step down by the end of March next year over a mounting backlash against the company’s decision to destroy ancient Aboriginal heritage sites in Western Australia. The world’s second-largest miner said two other senior executives — iron ore boss Chris Salisbury and corporate affairs head Simone Niven, who had responsibility for Indigenous

| Two other senior executives also leaving

affairs — will also leave the company. The high-profile departures come four years after Rio Tinto swept out its veteran managers to make way for a new generation of business leaders. The changes are a direct result of shareholder and public outcry over the May destruction of a 46,000-year-old archaeological site, despite the opposition of Aboriginal traditional owners. Jacques will leave once his successor is chosen, or at the end of next March, whichever date comes first. Salisbury’s termination was effective

immediately, Rio Tinto said. Ivan Vella, managing director for rail, port and core services within Rio Tinto Iron Ore, will replace Salisbury on an interim basis. Niven, in turn, will step down on Dec. 31, after “completing an orderly transition of her responsibilities,” the board said. Jacques’ appearance before a Parliamentary inquiry in August failed to quell questions about the company’s intent relating to the destruction of the sites. He said he was not aware of the importance of the caves prior

Atlantic Nickel extends Santa Rita mine life to 34 years BRAZIL

| Open pit transitioning to underground operation in 2028

BY CARL A. WILLIAMS

cwilliams@northernminer.com

ppian Capital Advisory’s Atlantic Nickel has released the results from a preliminary economic assessment (PEA) of its wholly owned Santa Rita nickel-copper-cobalt mine in northeastern Brazil. Santa Rita, one of the largest open-pit nickel sulphide mines in the world, was acquired by the private equity firm from Mirabela Nickel in a bankruptcy process in 2018. Since open-pit operations restarted in August 2019, the mine has produced 48,000 tonnes of nickel concentrate. (Mirabela put the mine on care and maintenance due to low nickel prices in 2015.) Mining from the open pit is scheduled to last eight years, ending in 2028. It will then transition to an underground mining operation, extending the life of the mine from eight to 34 years. The PEA estimates production from the openpit mine of 20,000-25,000 tonnes nickel-equivalent annually over eight years at an all-in sustaining cost (AISCs) of US$4.12 per lb. nickel. The underground operation, starting in 2028, is projected to produce 40,000-45,000 tonnes per year of nickel-equivalent at AISCs of US$3.92 per lb. nickel. “Because the grade of the nickel in the deposit increases as you go deeper, almost doubling in nickel concentration, the PEA has not only outlined an extended mine life but has also increased the nickel produced as a result of the increasing grade,” says Adam Fisher, a principal on Appian’s financial team responsible for Atlantic Nickel’s portfolio. The early-stage study estimates the mine would gen-

erate an after-tax net present value at an 8% discount rate of US$795 million. It did not release a forecast for the project’s internal rate of return. “The capital required for the underground mine development is US$355 million from 2026 to 2030, with most of the cost being paid from existing cash flows from the open pit and so represents a largely self-funded underground expansion operation,” Fisher says. Santa Rita’s open-pit measured and indicated resources stand at 59.15 million tonnes grading 0.33% nickel sulphide, 0.11% copper, 0.01% cobalt, 0.03 gram palladium per tonne, 0.06 gram platinum per tonne, and 0.04 gram gold per tonne. Indicated resources for the underground mine tally 54.59 million tonnes grading 0.58% nickel sulphide, 0.18% copper, 0.01% cobalt, 0.05 gram palladium, 0.10 gram platinum and 0.07 gram gold. Also included in the PEA were drill results from 106,000 metres of a drilling campaign conducted between 2018 and 2019. “Total drilling at the mine now stands at over 300,000 metres,” Fisher says. “Over the past 18 months, we’ve essentially increased the drill database by over 50% to expand the mineral resources and to understand the continuity of the mineralization better.” A 75,500-metre drill program undertaken at the underground deposit confirmed the continuation of significant thicknesses of disseminated sulphide mineralization that is amenable to bulk mining methods and included 5,000 metres of drilling for metallurgical sample collection, Fisher notes. The company plans to start a prefeasibility study on the project next year. TNM

“IT SHOULD BE A WAKEUP CALL FOR THE AUSTRALIAN IRON ORE SECTOR AND MINING COMPANIES WORLDWIDE ON THEIR RELATIONSHIPS WITH FIRST NATIONS PEOPLE.” BRYNN O’BRIEN EXECUTIVE DIRECTOR, THE AUSTRALASIAN CENTER FOR CORPORATE RESPONSIBILITY

to them being blown up. He also noted that removing the landmarks would likely deliver about US$135 million in extra value to Rio’s iron ore division, a unit that generated underlying earnings of US$9.6 billion in 2019. The outgoing chief also confirmed the region’s traditional landowners, the Puutu Kunti Kurrama and Pinikura Aboriginal Corporation, didn’t know that the company had been considering three alternative options that could have avoided damaging the Juukan Gorge sites. Rio was granted approval for work at the Brockman 4 iron ore project in 2013. Subsequent archaeological excavation revealed ancient artifacts at the site, including grinding stones and a bone sharpened into a tool. “At last we are seeing some proper accountability at the top for Rio Tinto’s destruction of Juukan Gorge,” Keren Adams, legal director at the Human Rights Law Centre, said in a statement. “The company’s initial response of docking executives’ bonuses was patently inadequate given the significance of the site.” The group had decided in August to cut short-term bonuses of Jacques, Salisbury and other executives following an internal review of the events that took place on May 24, while carrying out work to expand Rio’s iron ore operation. The move further enraged critics. Adams added that the miner’s actions at Juukan Gorge were not an aberration, but rather symptomatic of “a broader culture of disregard for communities’ rights and cultural heritage.” “Over the past few years, Rio Tinto has been the subject of serious human rights complaints by communities impacted by its operations in a number of different countries. “In Bougainville, for instance, communities are also facing destruction of their sacred sites as well as serious pollution of their land and water sources,” Adams said. “This situation has demonstrated beyond doubt the importance of

companies’ boards and executives protecting their social license,” said Brynn O’Brien, activist and executive director of the Australasian Center for Corporate Responsibility. “It should be a wakeup call for the Australian iron ore sector and mining companies worldwide on their relationships with First Nations people.” “[The destroyed sites] were not only extremely important sites for Aboriginal communities, but also for archaeological understanding of the distant past in Australia,” Peter Stone, the UNESCO chair in Cultural Property Protection and Peace at Newcastle University in the U.K., said in June. Rio Tinto has said it plans to add a new social performance function to monitor its approach to community and heritage practices. It will also include processes to escalate heritage issues to senior management. The consequences of the controversial damage to Juukan Gorge rock shelters have reached competitors. The world’s largest miner, BHP (NYSE: BHP; LSE: BHP), and Fortescue Metals Group are now both reviewing plans that could threaten sacred sites in Australia as they step up talks with traditional owners. With no obvious internal successor for Jacques, analysts agree that Rio will likely search outside the company for its next boss. Some, however, believe the company may consider the head of copper and diamonds, Arnaud Soirat, or Alf Barrios, who runs the aluminium division, for the top job. In addition to fixing the damaged relationship with Australian landowners, the new chief executive will be tasked with addressing alleged corruption in Guinea to obtain rights to the massive Simandou iron ore deposit, and the delay and increasing costs of Oyu Tolgoi’s underground expansion. TNM —This article, with files from Bloomberg and Reuters, first appeared in MINING.com, part of the Glacier Resource Innovation Group .

G LOBAL M I N I N G

N EW S

THE NORTHERN MINER / SEPTEMBER 28–OCTOBER 11, 2020

Neo Lithium attracts strategic investment from Chinese battery maker FINANCING

| Company is advancing the high-grade 3Q project in Argentina’s Catamarca province

Barrick Gold’s Pascua Lama project. BARRICK GOLD

Chilean court orders ‘total and definitive’ closure of Barrick’s Pascua-Lama project

Chinese battery maker CATL’s team members meet with their counterparts from Neo Lithium about the Tres Quebradas project in Argentina. NEO LITHIUM CORP.

COURTS BY TRISH SAYWELL

tsaywell@northernminer.com

hinese battery maker CATL is acquiring an 8.6% stake in Neo Lithium (TSXV: NL; USOTC: NTTHF), which is advancing its Tres Quebradas (3Q) project, a high-grade lithium brine lake and salar complex in Argentina’s Catamarca province, the largest lithium producing area in the country. CATL owns and operates lithiumion battery manufacturing facilities in four Chinese provinces (Fujian, Jiangsu, Qinghai and Sichuan) and is building its first overseas plant in Germany. Its lithium-ion batteries are used in electric vehicles and energy storage systems. “It’s the right type of shareholder to have,” Waldo Perez, Neo Lithium’s president and chief executive, says of CATL in a telephone interview from his home in Argentina. “They will have a board position, and we will actually be working with them on the final feasibility…and they have the intention of being our partner, financing a large portion of the entire project…They are not just shareholders, or buying shares at a premium, they are actually going to be part of this development.” CATL is subscribing for 10.2 million common shares at 84¢ a share, a premium to Neo Lithium’s current share price of 74¢. Over the last year, Neo Lithium’s shares have traded in a range of 38¢ and 92¢. “We believe that the 3Q project is an attractive development project that may benefit from our expertise and know-how in the battery manufacturing and technology space,” Changdon Li, a spokesman for the Chinese battery maker, said in a statement.

“THEY HAVE THE INTENTION OF BEING OUR PARTNER, FINANCING A LARGE PORTION OF THE ENTIRE PROJECT.”

PODCAST

WALDO PEREZ PRESIDENT AND CEO, NEO LITHIUM CORP.

PODCAST The 3Q project is 30 km from Argentina’s border with Chile and the Maricunga salar. In March, the company’s pilot plant in Fiambala, 160 km from the project, produced its first batterygrade lithium carbonate. The brine was extracted from a high-grade area in the northern zone of the 3Q project and evaporated in industrialscale ponds on site. Neo Lithium is working on a definitive feasibility study, after completing a prefeasibility (PFS) study in May 2019. The PFS outlined a mine life of 35 years producing 20,000 tonnes of lithium carbonate equivalent per year. Initial capital costs are forecast to run to US$319 million. At an 8% discount rate, the project generates a net present value of US$1.14 billion and an after-tax internal rate of return of 49.9%. The project, which Perez discovered in December 2015, covers about 350 sq. km, of which the salar complex makes up 160 sq. km, and has

PODCAST

measured and indicated resources of 4 million tonnes lithium carbonate equivalent and 3 million tonnes of inferred. “It is a very big project — it’s about the seventh-biggest project, when it comes to size, in the world,” Perez says, adding that there is “a lot of blue sky potential” given that the company has only tapped the upper 100 metres of the deposit, which runs to a depth of 640 metres and remains open. This isn’t Perez’s first discovery. He led the team that discovered the Cauchari lithium deposit, also in northwestern Argentina and now owned by Lithium Americas (TSX: LAC), a company he set up privately and took public in 2010. Both projects make up part of the Puna Plateau, an area also known as the “Lithium Triangle” that straddles Argentina, Bolivia and Chile. Perez notes that while Cauchari is bigger than Q3, the latter is higher grade and very low in impurities, such as magnesium and sulphides. “If you have higher sulphides and magnesium your operating costs increase and at some point it becomes uneconomic.” Perez says it has about another six months of work to finish the feasibility study, and notes that the pandemic has slowed its release date. “The pandemic created a delay at all levels, so without the pandemic, I would probably be finishing the feasibility study now,” he says, adding that its deal with CATL likely would have happened much earlier, too. Neo Lithium has 118 million common shares outstanding for an $87-million market capitalization. Its largest shareholder, Blackrock, owns between 12% and 14%, Perez says. TNM

| Miner hit with US$9 million fine but will not appeal

BY CECILIA JAMASMIE

Mining.com

hile’s environmental court has put the final nail in the coffin for Barrick Gold’s (TSX: ABX; NYSE: GOLD) giant Pascua-Lama gold-silver project, straddling the Argentina border, which had been on hold since 2013 over environmental concerns. The court dismissed on Sept. 17 a legal challenge from the company to a 2018 ruling. At the time, Chile’s Environmental Protection Agency (SMA) ordered the “total and definitive closure” of the project. The tribunal’s president, Mauricio Ovideo, confirmed three of the five main charges against Barrick outlined in the environmental authority’s original ruling. The sentence concludes that the Canadian miner failed to properly monitor glaciers surrounding the project. It also says Barrick’s activities negatively affected the water quality of the nearby Es-

trecho river. In addition, the judge ruled the gold giant used an unauthorized methodology for calculating water quality levels, which is less detailed and strict than the one required in Chile. The court also imposed a US$9 million fine on the Canadian miner. While Barrick said it would not appeal the court’s decision, the executive director for Chile and Argentina, Marcelo Álvarez, noted Pascua-Lama remained an important project. Alvarez added that work was already underway to reevaluate the project’s potential. The review will include technical, economic and social aspects of Pascua-Lama. “Barrick is a very different company since its merger with Randgold, and we now have a strong focus on establishing good relations with the communities and authorities,” Alvarez said in a statement. See COURTS / 6

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SEPTEMBER 28–OCTOBER 11, 2020 / THE NORTHERN MINER

GLOBAL MINING NEWS · SINCE 1915

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E D I T O R IA L

| Women remain under-represented in the C-suite and on boards

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hairman Mao Zedong’s famous proclamation that “women hold up half the sky” may be true but certainly not as chief executive officers or in the boardrooms of the corporate world. So it was refreshing to hear the recent news that Citigroup — the third largest bank in the BY TRISH SAYWELL United States — has chosen Jane Fraser as its tsaywell@northernminer.com next CEO. Fraser, 53, started her career at Goldman Sachs in London and then went to Harvard Business School. She joined McKinsey & Co. and was later hired at Citigroup, where she has worked for the past 16 years and is currently president. She takes the job in February. “Ms. Fraser’s ascension is ground-breaking on Wall Street, which has never quite shaken off its longstanding reputation as a boy’s club, with men dominating the upper ranks of banks and other financial firms, despite efforts to recruit and promote more women,” The New York Times wrote on Sept. 10, noting that there are just 31 women who are chief executives of the 500 companies that comprise the S&P 500 stock index. The newspaper pointed out that not only will Fraser “not have any female counterparts among the 10 largest U.S. banks when she becomes Citi’s chief, she will also join a very small group of female leaders at major American corporations.” News of Fraser’s appointment got me thinking about the status quo in Canada generally and in our industry in particular. Turns out there isn’t much data on CEOs, and the stats that are available have more to do with female representation on boards. But in its fifth annual report on diversity disclosure practices relating to women in leadership roles at TSX-listed companies, business law firm Osler, Hoskin & Harcourt LLP noted that as of July 31, 2019, just 3.5% of the 685 companies providing diversity disclosure have a woman in the role of chief executive officer. The number drops to 1.7% of the 54 companies providing disclosure on S&P/TSX 60 companies — a stock market index of 60 large companies listed on the Toronto Stock Exchange. The Osler report surveyed public disclosure documents filed between Jan. 1 and July 31 last year by all TSX-listed companies that are subject to the diversity disclosure requirements under securities laws. It found that women held over 18.1% of board seats among the 657 disclosing companies on the TSX, up 50% since 2015, when the percentage was 12%. The number rises to 30.2% among the 53 members of the S&P/ TSX 60 index that provided diversity disclosure. The Osler report also noted that 50% of New Gold’s directors last year were women (a subsequent appointment now means three of the board’s seven members are women,) and based on a recent conversation with John Valley, one of the report’s co-authors, it appears that the boards of at least two other mining companies will feature 50% female directors in this year’s report. Only 4.4% of the 685 disclosing companies on the TSX have a female board chair, the same percentage as in 2018. For the S&P/TSX 60 index, the figure is higher at 8.3% of the 53 members providing disclosure. “A majority of companies now disclose that they have adopted a board policy that specifically targets increases in the proportion of women directors and 22.5% of companies and a majority of the S&P/ TSX 60 companies have adopted targets for the proportion of women directors on the board, which is a 5% increase compared to last year,” the report stated. Osler compared its numbers with those reported overseas in the U.K., Australia and the United States. Based on data from those jurisdictions, women represent 30.2% of the FTSE 100 boards and 30% on Australia’s ASX200 boards, “and in the U.S. there are no longer any all-male boards among the S&P500 companies.” Of the forty-one companies that the report indicated had disclosed that they set targets for the representation of women in executive officer positions, six were mining companies (Iamgold, Sherritt International, SSR Mining, Denison Mines, Osisko Gold Royalties and Eldorado Gold). As of mid-2019, only seven TSX-listed mining companies disclosed that 50% or more of their executive officers were women: Balmoral Resources, INV Metals, Nickel Creek Platinum, UEX Corp., Trilogy Metals, Lucara Diamond and Sulliden Mining Capital. “Women are under-represented in boardrooms across all industries and though there are signs of improvement, a glass ceiling continues to exist even within the boardroom hierarchy,” concluded a report released in March by the Organization for Economic Cooperation and Development (OECD’s) Analytical Database on Individual Multinationals and their Affiliates (ADIMA). ADIMA, which the OECD set up at the beginning of last year, says women make up just 16% of board members in the top 500 multinational enterprises by market cap, with shares as low as 12% in the technology sector. “Even in the best performing sector — Consumer Non-Cyclicals (companies producing household staples) — women make up less than one-fifth of the boardroom,” the ADIMA report states. “Indeed, looking at large multinationals as a whole, only around 1 in 20 of the top 500 have female representation at above 30%.” The database, which draws from a number of open big data sources, also notes that there is a glass ceiling on boards, too. “While the female share of board members in an independent advisory role is 23%, their share of senior leadership roles is only 7%.” TNM

W . N OR TH ER N M I N ER . COM

THE VIEW FROM ENGLAND

Good and bad news for British miners in September

One small step for women, one giant step for mankind DIVERSITY

| New metal-mine developments announced in Scotland, England and Wales

COMMENTARY

BY DR. CHRIS HINDE

Special to The Northern Miner

here has been distinctly mixed news for British miners during the first half of September. First the bad news: The University of Exeter announced that entry for mining-engineering programs at the famous Camborne School of Mines (CSM) has been “paused” while it “reshapes the opportunities for students.” Founded in 1888, CSM said it must “explore a range of options to allow undergraduates to study mining, possibly through other engineering programs.” This suggests, to me, that mining engineering will cease as a distinctive undergraduate course, to be replaced by courses on subjects such as sustainable mining and postmining environment management. The good news came with three announcements about metal-mine developments in Scotland, England and Wales. This was all the more satisfying for coming as a set of three, which is the smallest amount of information that can create a pattern. The linguists amongst readers will know that three is also a good grouping for adjectives, and that repetitive verbs are effective. Julius Caesar gave us “veni, vidi, vici,” examples from Martin Luther King include “insult, injustice and exploitation,” and William Shakespeare’s examples include “Cry God for Harry, England and St. George” (Henry V). Canadians will not readily understand the British excitement at the prospect of precious metals from the hills of Scotland and Wales, and tungsten extraction near the seaside in Devon. According to the Mining Intelligence database, a total of 16 primary gold mines have started in Canada since January 2010 -- seven completely new mines, five past producers and four that are extensions of nearby mines. Indeed, Canada now has over 240 gold producers of all persuasions. Nevertheless, on Sept. 4, the imaginatively named Scotgold Resources Ltd. confirmed that it expected the first gold pour in November at its Cononish mine. A week later, Proactive Investors aired an interview with the CEO of Tungsten West Ltd. about plans to reopen the Hemerdon

tungsten mine. Then, on Sept. 12, Alba Mineral Resources Plc. announced the start of drilling and bulk sampling at the historic Clogau St David’s gold mine. Cononish (the name means “where the waters meet” in Gaelic) is Scotland’s first commercial gold mine, situated near the village of Tyndrum in the Highlands between Fort William and Glasgow. In early September, Scotgold said underground development and plant construction had progressed well after delays caused by Covid-19 restrictions. In an interview on Sept. 10 with Noel Ong of Prospective Investors, the CEO of Tungsten West, Mark Thompson, outlined plans to resurrect the Hemerdon mine, which is believed to contain the world’s fourth-largest tungsten resource. This historic mine was discovered in 1867 and was operated twice, briefly, in the 1900s and 1940s. Previously owned by Wolf Minerals Ltd., the mine was reopened in 2015 (as the Drakelands mine) but mothballed three years later after failing to reach expected recovery rates. Tungsten West bought the mine a year ago, and is reevaluating the orebody and processing techniques. A revised feasibility study is expected by the first quarter of 2021. The Clogau St David’s gold mine at Bontddu in Wales closed 30 years ago, but Alba Mineral’s chairman George Frangeskides said, “No one has drilled from underground” and “soil samples taken last year showed potential to find new sources of gold.” What sets this venture apart from the mundane is the price of Welsh gold. At an auction in November 2017, gold flakes weighing 0.5 oz. mined from Clogau in 1980 sold for £10,500 (currently almost US$27,000 per oz.) and a 0.1 oz. nugget sold for £4,000 (US$51,300 per oz.). The reason? Welsh gold is ‘royal’ gold — the country has provided wedding rings to the monarchy since 1923, including for the Queen and Prince Phillip, Prince Charles (in both his marriages) and the Duke and Duchess of Cambridge. Investors in Scotland will be hoping that Cononish provides the next royal gold. TNM — Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

DEPARTMENTS

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

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

COMPANY INDEX Alacer Gold . . . . . . . . . . . . . . . . . . . . . . . . 5 Albemarle . . . . . . . . . . . . . . . . . . . . . . . . . . 6 ALX Resources . . . . . . . . . . . . . . . . . . . . . 11 Antofagasta . . . . . . . . . . . . . . . . . . . . . . . . 6 Appia Energy . . . . . . . . . . . . . . . . . . . . . . 10 Barrick Gold. . . . . . . . . . . . . . . . . 1,3,6,8,16 Baselode Energy. . . . . . . . . . . . . . . . . . . . 11 BHP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,6 Bunker Hill Mining . . . . . . . . . . . . . . . . . 16 Callinex . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Cameco . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 CanAlaska Uranium . . . . . . . . . . . . . . . . 12 Central Asia Metals . . . . . . . . . . . . . . . . . . 7 Champion Iron . . . . . . . . . . . . . . . . . . . . . 5 Codelco. . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Denison Mines . . . . . . . . . . . . . . . . . . . 11,12 Dundee Precious Metals . . . . . . . . . . . . . . 5 E3 Metals . . . . . . . . . . . . . . . . . . . . . . . . . 10 Fjordland Exploration . . . . . . . . . . . . . . . 12 FPX Nickel . . . . . . . . . . . . . . . . . . . . . . . . . 7 Franco-Nevada. . . . . . . . . . . . . . . . . . . . . . 8 Hudbay Minerals . . . . . . . . . . . . . . . . . . 9,13 International Tower Hill Mines . . . . . . . . 5 IsoEnergy . . . . . . . . . . . . . . . . . . . . . . . . . 12 Kinross Gold . . . . . . . . . . . . . . . . . . . . . . . 6 Kirkland Lake Gold . . . . . . . . . . . . . . . . . . 5 Kore Mining . . . . . . . . . . . . . . . . . . . . . . . . 7 Lithium Chile . . . . . . . . . . . . . . . . . . . . . . . 6

Lundin Gold . . . . . . . . . . . . . . . . . . . . . . . 5,6 Mistango River Resources . . . . . . . . . . . . 11 Murchison Minerals . . . . . . . . . . . . . . 12,13 Neo Lithium . . . . . . . . . . . . . . . . . . . . . . . . 3 Newcrest Mining . . . . . . . . . . . . . . . . . . . . 8 Newmont . . . . . . . . . . . . . . . . . . . . . . . . . . 6 NexGen Energy . . . . . . . . . . . . . . . . . . . . 11 Noront Resources . . . . . . . . . . . . . . . . . . . 5 Orefinders Resources . . . . . . . . . . . . . . . 11 Orla Mining . . . . . . . . . . . . . . . . . . . . . . . . 5 Osisko Gold Royalties . . . . . . . . . . . . . . . . 7 QMC Quantum Minerals . . . . . . . . . . . . 13 Rio Tinto . . . . . . . . . . . . . . . . . . . . . . 1,2,11 Rockcliff Metals . . . . . . . . . . . . . . . . . . . . 13 Sandstorm Gold . . . . . . . . . . . . . . . . . . . . . 5 SolGold . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Sprott Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . 5 SQM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 SSR Mining. . . . . . . . . . . . . . . . . . . . . . . . . 5 Teck Resources . . . . . . . . . . . . . . . . . . . . . . 6 Teranga Gold . . . . . . . . . . . . . . . . . . . . . . . 5 Trilogy Metals . . . . . . . . . . . . . . . . . . . . . . 5 Vale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Wesdome Gold Mines . . . . . . . . . . . . . . . . 5 Wheaton Precious Metals . . . . . . . . . . . . . 5 Wolfden Resources . . . . . . . . . . . . . . . . . . 8 Yamana Gold . . . . . . . . . . . . . . . . . . . . . . . 5

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THE NORTHERN MINER / SEPTEMBER 28–OCTOBER 11, 2020

Mining is a vital part of Ontario’s economic recovery INTERVIEW

BY DANIEL SEKULICH

dsekulich@northernminer.com

ix months is an eternity in politics, but that’s how long it’s been since the Ontario government made a series of announcements at this year’s Prospectors and Developers Association of Canada (PDAC) convention in Toronto, which were intended to show the province’s support for the mining sector. Shortly after PDAC wrapped up, however, the provincial government found itself dealing with Covid-19. The $10.5 million in financial support for mining businesses in northern Ontario, one of their key PDAC announcements, would soon be dwarfed by the massive expenditures required to keep the province’s economy afloat. But now, the provincial government is turning its attention back to the mining sector to pick up where it left off at PDAC. To this end, Greg Rickford, Ontario Minister of Energy, Northern Development and Mines, as well as the Minister of Indigenous Affairs, took part in the announcement of a series of initiatives on Aug. 20 between Saskatchewan-based uranium producer Cameco (TSX: CCO) and Ontario-based nuclear energy generator Bruce Power. One of those initiatives is the creation of a new Centre for Next Generation Nuclear in Ontario, which will study small modular reactors (SMRs) and medical isotopes. As well, it was announced that Cameco would be supplying Bruce Power with 1600 specialized fuel bundles for the nuclear power plant’s Unit 6, which is scheduled to restart in 2024. Minister Rickford spoke to The Northern Miner on Aug. 20, just before returning to his home riding of Kenora-Rainy River. n THE NORTHERN MINER: Can you give us an update on what’s happened since the government signed an agreement at PDAC earlier this year to advance the planning and development of the Northern Road Link into the Ring of Fire? GREG RICKFORD: I said at PDAC, in March, that we’ve identified road access as vital. As somebody who has lived and worked extensively in many of those communities, the corridor is as much about the physical access connecting them to the south as it is about connecting to a prospective resource development project, like the Ring of Fire. Now, there was a pause of fairly significant proportions for the duration of stage 1, but more recently some of the activities relating to moving the environmental assessments (EA) forward with two communities, Marten Falls and Webequie First Nations, have restarted. I’ve been in regular contact with Chief [Cornelius] Wabasse, from Webequie, directly, on some local, community opportunities around infrastructure. n

TNM: What about the other Indig-

enous communities that were not part of the initial agreement? GR: Well, in addition, we are hopeful that we can create an opportunity for a dialogue with Neskantaga and Eabametoong [First Nations], but that has been held back a little bit by Covid. But we hope in the not too distant future we can start to have substantive discussions with those communities. TNM: And then what about the mining sector? GR: I’ve also spoken to Al Coutts n

| Minister updates Ring of Fire and interprovincial discussions

“WE’VE COMMITTED TO PUT MINING AT THE FOREFRONT AND BE A SIGNIFICANT PART OF ONTARIO’S AND ESPECIALLY NORTHERN ONTARIO’S RECOVERY.” GREG RICKFORD ONTARIO MINISTER OF ENERGY, NORTHERN DEVELOPMENT AND MINES

[president and chief executive of Noront Resources (TSX-V: NOT)] pretty regularly, and I don’t think it’s any secret that we’re hopeful that they’ll proceed with their EA on a mining operation. And we’re in discussion with the federal government to that end, to take a look at the impact assessment process. TNM: Last December, the Ontario government signed a Memorandum of Understanding (MOU) with the governments of Saskatchewan and New Brunswick on developing and deploying SMRs. Is this initiative still moving forward? GR: This is one of the most exciting developments in the energy sector, though there was a pause when everything was in stage 1 and very little was going on. But now things are picking up again. Alberta is going to become a signatory to that MOU. We’ve also had preliminary conversations with other provinces n

Greg Rickford, Ontario’s Minister of Energy, Northern Development and Mines. MINISTER’S OFFICE

and territories. And that second wave of interest in the MOU ranges from a basic desire to keep tabs on where the technology is going, to the more serious case of Alberta, to see it as an energy solution. And there’s been a commitment by both Saskatchewan and Ontario to lead the charge on SMRs, to a made in Ontario, made in Canada technology that has applications for our country, and around the world. n TNM:You have also been quoted talking about the way SMRs can be used for more than just producing energy. What exactly are you referring to? GR: Well, it became clear that isotope production needed to be stepped

up, and also that in planning for the future, there would be a demand for medical isotope production. So, we hope that as early as the winter to convene an expert forum on SMR technologies. You know, the SMR conversation could, in five or six years from now, it could be talking about medical isotope production in places in Canada that we never conceived of. And, additionally, to provide reliable, clean energy to places that historically didn’t have access to energy outside of sources like diesel- and gas-fired [power plants]. TNM: How important is the mining sector for Ontario, and Canada, when it comes to the economic recovery from the pandemic? n

GR: We’ve committed to put mining at

the forefront and be a significant part of Ontario’s and especially northern Ontario’s recovery. To the extent that the city of Toronto is the corporate epicentre of mining, [we want] to set a fire on Bay Street and let people know that we’re on the move. In a conversation I had just [recently] with Minister [Seamus] O’Regan (Canada’s Minister of Natural Resources), he said that when it comes right down to it, mining is one of the big bang sectors that could potentially move us through this pandemic and start an important part of our economic recovery, and most notably in Ontario. TNM This interview has been edited and condensed.

Nearly half of TSX30 ranking are mining companies MARKETS

| Companies on the list generated a market cap increase of $221 billion

BY NORTHERN MINER STAFF

ourteen, or nearly half, of the Toronto Stock Exchange’s 30 top performers on the TSX30 2020 ranking are mining companies, TMX Group reported on Sept. 15. The ranking showcases TSX’s 30 top-performing stocks that represent sustained excellence over the longterm. Founded in 2019, the TSX30 ranks stocks based on dividendadjusted share price appreciation over a three-year period. Mining companies in this year’s rankings posted an average threeyear share price performance of 223%. The average for this year’s cohort of all 30 companies was 242%, generating a market capitalization increase of $221 billion. “The TSX30 demonstrates the strength of the Canadian capital markets ecosystem and the ability of Canadian companies to compete globally, despite unique circumstances,” said TMX Group’s Richard Goodman, head of capital development at the Toronto Stock Exchange and the TSX Venture Exchange. The TMX Group also noted that one-third of this year’s top-performing companies were also on last year’s list, “which supports the

“IT SEEMS JUST A PERFECT STORM WHERE A LOT OF EFFORTS IN THE MINING SECTOR ARE NOW BEING RECOGNIZED BY MORE INVESTORS AND IMPORTANTLY GENERALIST INVESTORS.” DEAN MCPHERSON HEAD OF GLOBAL MINING BUSINESS DEVELOPMENT, TMX GROUP

notion that companies with strong fundamentals that excelled preCovid can also perform well during times of crises,” the group said. The mining companies on this year’s list are: Kirkland Lake Gold (TSX: KL) (363%); Alacer Gold (TSX: ASR) (349%); International Tower Hill Mines (TSX: ITH) (292%); Wesdome Gold Mines (TSX: WDO) (285%); Dundee Precious Metals (TSX: DPM) (273%); Teranga Gold (TSX: TGZ) (250%);

Trilogy Metals (TSX: TMQ) (238%); Orla Mining (TSX: OLA) (192%); Champion Iron (TSX: CIA) (169%); Sandstorm Gold (TSX: SSL) (160%); Wheaton Precious Metals (TSX: WPM) (144%); Yamana Gold (TSX: YRI) (142%); Lundin Gold (TSX: LUG) (132%); and SSR Mining (TSX: SSRM) (130%). In addition, Sprott Inc. (TSX: SII), a significant investor in the mining and metals industry, posted an average three-year performance of 143%. The Toronto Stock Exchange launched its inaugural TSX30 in 2019. Repeat performers this year from the mining sector were: Kirkland Lake Gold, Trilogy Metals and Wesdome. Dean McPherson, head of global mining business development at the TMX Group, noted that seven of the fourteen mining companies on the list this year are graduates from the TSX Venture Exchange. “These companies started off on the TSX Venture Exchange and eventually graduated to the TSX and it’s important to highlight the robustness of the TSX Venture Exchange,” he said in an interview. “We have the most robust two-tiered global mining public markets and the TSX30

highlights this pedigree.” Commenting more generally on the number of mining companies on the list this year, McPherson said investors have apparently started to realize the tremendous opportunities within the sector, pointing to the three-year average share price performance (223%) for mining companies on this year’s list. “It seems just a perfect storm where a lot of efforts in the mining sector are now being recognized by more investors and importantly generalist investors, who may be challenged to find investment opportunities with better upside potential; considering global macro/micro economics as well as the fundamentals of the sector in terms of supply and demand,” he noted. “Over the last few years mining companies have been steadily transforming; fixing missteps of the past with improved balance sheets; governance issues and corporate social responsibility; and perhaps investors are now evaluating mining companies not only for their exposure to commodities but as wellmanaged investment opportunities with tremendous value and growth opportunities.” TNM

SEPTEMBER 28–OCTOBER 11, 2020 / THE NORTHERN MINER

W . N OR TH ER N M I N ER . COM

Lithium Chile’s Salar de Atacama lithium property in Chile’s Antofagasta region. LITHIUM CHILE

Water rights under scrutiny in Chile’s Atacama Desert ENVIRONMENT

BY TOM AZZOPARDI

Special to The Northern Miner

n one of the world’s driest deserts, the battle for water is heating up. Mining companies sifting northern Chile’s Atacama Desert for copper, lithium, and other minerals are increasingly finding water is their most precious resource. Vital to processes such as concentrating and leaching, miners typically extract the water they need from aquifers located high in the Andes Mountains having obtained the necessary rights from Chile’s water authority. But their ability to exercise those rights is increasingly being challenged by environmentalists, farmers and the authorities who say the huge expansion of mining activity and climate change have shrunk water supplies. The trouble is that the rights have often been granted without regard to their environmental impact, argues Benjamin Perez, a mining lawyer at Santiago law firm Guerrero Olivos. In July, Chile’s biggest copper producer Codelco suspended a US$1.2 billion mining project at its Salvador division after lawyers for the Chilean state accused the operation of causing irreparable environmental damage. Water pumping around the Salar de Pedernales, a high-altitude salt-flat

COURTS From 3

The original mine plan for PascuaLama, which required a capital outlay in excess of US$8 billion, contemplated an open-pit operation that would have affected three small glaciers on the Chilean side of the Andes. It also involved major construction in the area and huge waste dumps. In 2016, Barrick began a “drastic revision” of the project and agreed to pay $140 million to resolve a U.S. class-action lawsuit that accused the company of distorting facts relating to the controversial project. Shortly after, the company abandoned the idea of an open pit at the site, opting to mine underground

| Mining activity and climate change affecting water supplies

“IT IS NO LONGER ACCEPTABLE FOR MANY PEOPLE THAT WATER CAN BE TRADED LIKE PRIVATE GOODS.” CLAUDIO HUEPE SUSTAINABLE DEVELOPMENT SPECIALIST, DIEGO PORTALES UNIVERSITY

which has supplied water to Salvador for almost a century, has dried up 60 hectares of ecologically sensitive wetlands, says the State Defense Council, an autonomous public entity. The Rajo Inca project, which will extract the remaining resources in Salvador’s Indio Muerto deposit, is designed to produce 93,000 tonnes a year of copper, expanding and extending production at Salvador by several decades. Following intervention by Mining Minister Baldo Prokurica, the council has agreed to suspend the action to give time for a viable solution to be worked out with Codelco and other authorities. But they do not have long. Should construction of Rajo Inca not begin later this year, it could spell

instead. In April 2017, Barrick sold a 50% stake in its Veladero mine in Argentina to Shandong Gold in a transaction worth $960 million. As part of that deal, which made the two firms strategic partners, the Shandong province-based gold miner committed to helping Barrick move forward with Pascua-Lama. Later the same year, the company agreed to pay a further $20 million to a Chilean group to settle an arbitration case ﬁled in 2016, after the gold producer halted payments settled in 2005. Barrick CEO Mark Bristow was hopeful about solving the issues surrounding the project. Shortly after

the end of operations at Salvador, with the loss of thousands of jobs, Codelco executives warned the Senate Mining Commission last month. It is not the first time the lawyers have involved themselves in waterrelated cases. In April, they presented a similar suit against BHP-controlled Minera Escondida for alleged damage caused by its water wells to another salt-flat, Salar de Punta Negra. BHP (LSE: BHP) is also facing a fine of up to US$5 million for breaching the terms of its environmental license. BHP rejects the charges and is planning to appeal. However, the legal action does not represent an existential threat to the world’s largest copper mine. Earlier this year, BHP announced that Escondida had stopped extracting groundwater following a massive expansion of its desalination capacity. Another plant to supply its Spence mine is due to be commissioned later this year. It is not the only mining company turning to the ocean. Over the last decade, a dozen mining companies, including copper producer Antofagasta (LSE: ANTO), iron ore miner CAP Minería and Lundin Mining (TSE: LUN) have all built desalination plants to reduce pressure on scant or nonexistent ground and surface water supplies.

assuming the post last year, he travelled to the South American country and met with mining minister Baldo Prokurica. “Chile is an investor-friendly country, with a significant mineral endowment, and which encourages the development of mining projects,” Bristow said last year. “We believe there are exciting opportunities here.” Previous studies show PascuaLama could generate 800,000-850,000 oz. gold and 35 million oz. silver per year in the first five years of its 25-year mine life. TNM — This article first appeared in MINING. com, which is part of the Glacier Resource Innovation Group.

As water resources dwindle and legal challenges mount, more are expected to follow. On Sept. 6, Antofagasta announced that it plans to double the size of a desalination plant currently under construction to 800 litres per second that will allow its Los Pelambres copper mine, the fourth largest in Chile, to reduce consumption of fresh water by around 95%. The commitment will help defuse local opposition to the company’s ambitious expansion plans. New mine projects in development, such as Codelco’s plan to develop sulfide ores at its Radomiro Tomic mine and Newmont (TSX: NGT; NYSE: NEM) and Teck Resources’ (TSE: TECK.A, TECK.B; NYSE: TECK) Nueva Union joint venture, have included desalinization plants from their conception. A report published by the Chilean Copper Commission in December 2019 found that desalinated water will rise from just over a quarter to almost half of the water consumed by the country’s copper mines between now and the end of the decade. But desalination is not a viable solution for everyone, experts say. Processing and pumping water hundreds of kilometres inland and thousands of meters up into the Andes Mountains is an expensive affair and not all mines have the cost structure to bear it, says Perez. When a judge closed wells supplying its Maricunga gold mine in 2016, again due to damage to wetlands, Kinross Gold (TSX: K; NYSE: KGC) had little choice but to suspend operations. The options are even more limited for Chile’s lithium industry whose business depends on pumping huge volumes of brines from beneath the Salar de Atacama and evaporating it to extract the minerals they contain. Although the brine is undrinkable, local communities say their actions have dried up local water tables hitting agriculture and local wildlife, such as flamingos. Last year, following a challenge by Atacameño communities, the First Environmental Court ordered authorities to rewrite a US$25 million remediation plan agreed with SQM

(NYSE: SQM) for damage caused by its lithium operations, including excessive brine pumping. Chile’s environmental regulator SMA says it is now working on a comprehensive management plan for the Salar de Atacama, ostensibly covering both SQM and rival lithium producer Albemarle (NYSE: ALB). Tighter regulation could hobble both companies’ plans to ramp-up lithium production over the coming years, although SQM has brushed off the threat. “We are sure that we are going to obtain all the necessary approvals for the new plant in the coming months,” SQM chief executive Ricardo Ramos told analysts on a conference call. But even building one’s own desalination plant is not without challenges. Legislation working its way through Congress would extend water’s status as a public good to desalinated water, which could allow authorities to force mining companies to redirect some water to farmers during a drought. More change is coming down the pipeline. On Oct. 25, Chileans will vote to decide whether to change the country’s constitution. Agreed at the height of last year’s violent protests over social inequalities, many see the referendum as a chance to eliminate constraints imposed on the country’s politics 40 years ago by military dictator General Augusto Pinochet. Alongside allowing a role for the state in society and more representation for indigenous communities, the issue of who controls the country’s water is one of the most pressing, Claudio Huepe, a specialist in sustainable development at Santiago’s Diego Portales University, said in an interview with The Northern Miner. “It is no longer acceptable for many people that water can be traded like private goods,” he says. As a result, the new constitution, which will be drawn up by an elected constituent body over the next two years, will almost certainly weaken the protection of water rights as a form of private property. “This will trigger a radical change in the legislation,” Huepe says. “This is definitely going to happen.” TNM

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THE NORTHERN MINER / SEPTEMBER 28–OCTOBER 11, 2020

Kore Mining outlines low-cost heap leach development at Long Valley CALIFORNIA

BY CANADIAN MINING JOURNAL STAFF

ore Mining (TSXV: KORE; US-OTC: KOREF) has released the results of a preliminary economic assessment (PEA) for its wholly-owned Long Valley gold deposit in California’s Mono County, which suggests low costs, both in terms of the up-front capital required, as well as during operations. In a news release, Kore highlighted how the PEA has the “potential to generate strong returns while being in full complia gets while further defining silver potential.” Scott Trebilcock, the company’s chief executive, observed how Long Valley complements the company’s Imperial project, also in California, where a PEA earlier this year outlined an eight-year heap-leach mine. “Kore has the unique advantage of having two simple, low-cost heapleach development projects in one company and can manage capital needs for growth, permitting and construction to maximize shareholder value,” Trebilcock said. “The Long Valley PEA is a key milestone towards Kore’s becoming a significant North American producer, envisioning production of 250,000 oz. of gold a year from our U.S. projects.” Additional opportunities to im-

| PEA suggests shallow open-pit mine producing 100,000 oz. gold annually

“THE LONG VALLEY PEA IS A KEY MILESTONE TOWARDS KORE’S BECOMING A SIGNIFICANT NORTH AMERICAN PRODUCER.” SCOTT TREBILCOCK CEO, KORE MINING

prove project economics include assaying for silver in future drilling to add silver to the resources, metallurgical testing to establish an optimal crush size, and drilling to target additional oxide and deeper sulphide resources. Going forward, Kore plans to explore the targets on strike with and adjacent to the current oxide mineralization. The company is permitting drill pads with the U.S. Forest Service, with drilling currently expected to start in the first half of next year. Along with the PEA, Kore also released an updated resource for Long Valley, with an updated resource model. Updates included lithologyspecific densities and revised pit shell optimization parameters.

Kore’s second California project, the Long Valley gold project. KORE MINING

There are 63.7 million indicated tonnes at Long Valley grading 0.58 gram gold per tonne for a total of 1.2 million oz. gold. A further 22.1 million inferred tonnes at 0.65 gram gold contain 456,000 ounces. Within this inventory, there are 32 million

Central Asia Metals reports tailings leak in North Macedonia | Company acquired the zinc-lead mine in 2017 and employs 700 people

entral Asia Metals (AIM: CAML) has reported that tailings from its Sasa zinclead mine have leaked into a local river in North Macedonia. The leakage, discovered at 5 a.m. on Sept. 14, “was stopped soon after and nobody has been harmed,” the company said in a statement, adding that “an investigation is now underway to ascertain the volume of leaked material as well as the root cause.” The underground mine is 150 km east of the capital city of Skopje and 10 km north of a town called Makedonska Kamenica. It produces 820,000 tonnes of mineralized material per year and has an estimated mine life of 18 years. The processing plant operates both lead and zinc flotation processes, producing separate concentrates. The lead concentrate contains 73% lead and the zinc concentrate contains 49% zinc. Silver is also produced and reports to the lead concentrate. The concentrates are stored in two separate bays before being loaded into haulage trucks for sale to smelters in Bulgaria and Poland. Tailings from the processing plant are placed in storage facilities on site. Sasa has a long-standing stream agreement with Osisko Gold Roy-

alties (TSX: ORE; NYSE: OR), according to Central Asia Metals. Under the agreement, Central Asia receives about $5 per oz. for its silver production for the life of the mine. Central Asia Metals acquired the mine in 2017, and the operation employs 700 people. According to the company, the Sasa deposit was discovered between 1954 and 1965, and began commercial production as a state-owned facility in 1966. It was closed in 2002 and placed into bankruptcy due to a lack of funding. Solway Investments Group acquired the mine, invested in new equipment and operations resumed in 2006. In 2015, Solway sold the mine to Fusion Capital and Orion Mine Finance Group. In an email to The Northern Miner on Sept. 15, the company’s director of corporate relations in London, Louise Wrathall, said she did not “currently have any more information than that announced yesterday.” On Sept. 17 the company announced that the North Macedonian environmental authorities had approved the restart of the mine and processing plant and agreed to the placement of tailings generated for up to ten days being stored in the previous tailings facility, TSF3.2. As of press time, the company had no additional information on the exact cause of the incident. TNM

lion common shares outstanding for a $147-million market capitalization. TNM — This article first appeared in The Canadian Mining Journal, which is part of the Glacier Resource Innovation Group.

FPX sees ‘large-scale’ mine at Baptiste nickel project | Study envisions 35-year life span for the mine and processing plant

BRITISH COLUMBIA

ENVIRONMENT

BY NORTHERN MINER STAFF

indicated oxide tonnes at 0.62 gram gold, and 8.2 million inferred tonnes of oxides at 0.69 gram gold. At press time in Toronto, Kore was trading at $1.39 per share within a 52-week range of 15¢ and $1.96. The company has about 106 mil-

BY CANADIAN MINING JOURNAL STAFF

PX Nickel (TSXV: FPX) has released the results of a preliminary economic assessment (PEA) on the Baptiste nickel deposit in the company’s Decar nickel district project in B.C., which, according to Martin Turenne, the company’s president and CEO, “establishes Baptiste as a premier large-scale nickel project.” The study suggests a 35-year, 120,000-tonne-per-day open-pit operation, with an onsite magnetic separation and flotation processing plant. The mine would churn out an average of 99 million lb. nickel each year, in ferronickel briquettes, at all-in sustaining costs (AISCs) of US$3.12 per lb. nickel. The briquettes are expected to be sold directly to producers of stainless steel, at 98% of the London Metal Exchange nickel price. Based on a pre-production capital cost estimate of US$1.67 billion, and a long-term nickel price of US$7.75 per lb., the after-tax net present value estimate for the development comes in at US$1.72 billion, at an 8% discount rate, with an 18.3% internal rate of return and a four-year payback period. In a statement, Turenne also highlighted the unique advantages of the Baptiste project in the nickel development space. “With its proximity to zero-carbon hydroelectric power, the fact that its nickel product can bypass smelters for direct sale to end-users, and the carbon-absorbing properties of the Baptiste host rock, the project is wellpositioned to address the growing market demand for environmentally sustainable nickel production.” The processing flowsheet developed for the PEA includes traditional grinding, magnetic separation and flotation to generate a nickel concentrate, grading 63% nickel. This concentrate would then be dewatered, ﬁltered and briquetted into a saleable ferronickel product, made up of 60-65% nickel and 30-32% iron. The flotation would also generate magnetite-rich tailings, with further sale potential. The briquettes (with an estimated output of 200 tonnes per day) would be trucked to a new, off-site rail

The Baptiste nickel deposit area on FPX Nickel’s Decar nickel district property in central British Columbia. FPX NICKEL

transfer facility, nearby an existing rail line. The railcars would then transport briquettes to the Prince Rupert port terminal, for delivery to Asian ports. Based on this latest study, FPX has identiﬁed opportunities to optimize the project economics. These include potential applications of the nickel-cobalt Baptiste flotation concentrate in the electric vehicle battery market, sale of the iron-rich by-product, additional resource growth as well as carbon sequestration options (FPX started ﬁeld tests earlier this month). Along with the economic assessment, the company has also provided an updated resource for Baptiste. Indicated resources stand at 2 billion tonnes, grading 0.122% DTR (Davis tube recoverable) nickel, for a total of 2.4 million tonnes nickel, with a further 592.9 million inferred tonnes, at 0.114% DTR nickel, containing a further 675,895 tonnes nickel. The resources are based on a 0.06% nickel cutoff grade. The resource model covers approximately 3 km of strike, is 150 metres to 1,080 metres wide and extends to a depth of 540 metres, with an average of 12 metres of overburden. The deposit remains open for expansion. The Decar nickel project covers approximately 245 sq. km, and lies 90 km northwest of Fort St. James in central British Columbia. The property features nickel mineralization within awaruite, a nickel-iron alloy. TNM

— This article ﬁrst appeared in The Canadian Mining Journal, which is part of the Glacier Resource Innovation Group.

SEPTEMBER 28–OCTOBER 11, 2020 / THE NORTHERN MINER

SolGold receives US$100M injection from Franco-Nevada ECUADOR

| Site is located in northern Maine

BASE METALS

BY CECILIA JAMASMIE

Mining.com

cuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) has received $100 million from streaming company Franco-Nevada (TSX: FNV; NYSE: FNV), which it will use to progress its Alpala copper-gold project through to final feasibility and a development decision. The funding is part of a net-smelter royalty finance agreement (NSR) between the parties agreed in May, which guarantees Franco-Nevada a perpetual 1% NSR. Franco-Nevada, which provides natural resource companies with upfront cash in exchange for future production, advanced to SolGold US$100 million under the agreement, less the amount of outstanding principal and interest under a US$15 million secured bridge loan. The aggregate amount owing un-

der the bridge loan was therefore repaid out of the proceeds of the royalty financing. The financing could increase by US$50 million, at SolGold’s discretion. The move would also increase the NSR for Franco Nevada to 1.5%. Alpala is the largest deposit found at SolGold’s Cascabel copper-gold asset, located 180 km north of Ecuador’s capital, Quito. The company, which says the project is one of the largest copper-gold porphyry systems ever discovered, expects to start production in 2025. Over the past two years, Ecuador has attracted a flurry of interest from big miners looking to increase their exposure to copper. The highly conductive metal is in demand for use in renewable energy and electric vehicles, although big, new deposits are rare. Diversified majors particularly favour large-scale, long-life projects, such as the one SolGold promises.

BHP (NYSE: BHP; LSE: BHP) upped its stake in the company last year to 15.31% from 14.7%, becoming the miner’s top shareholder. Australia’s largest gold producer, Newcrest Mining (ASX: NCM), is the second biggest investor in SolGold, with a 15.23% interest. Ecuador aims to move from an explorer hotspot to a mining exporter. Its oil-led economy has been hit hard over the past few months. The nation is reeling from both the spread of Covid-19 and the drop in global oil prices. Prior to recent developments, the South American country expected to attract US$3.7 billion in mining investments between 2019 and 2020, up significantly from the US$270 million it received in 2018. TNM — This article first appeared in MINING. com, which is part of the Glacier Resource Innovation Group.

C-SUITE PERSPECTIVE From 1

panies need to build a “social licence to operate that is not just about being compliant,” but means being a good “corporate citizen.” Transparency is another driver of licence to operate, he says, because companies need to put themselves out there and clearly state their objectives, and principles and values. Relationships are extremely important, he says. “It’s about meeting, having a conversation…and allowing people to criticize.” Bristow noted that he does a mass meeting at least once a year and Barrick welcomes feedback from the community and the local press. “We allow the local press to challenge us, because that’s where we get an opportunity to educate the population, not shying away.” In addition, he emphasized that mining companies have to be held accountable publicly on their own, not through third parties or the media. “It needs to stand up and share with its stakeholders. Mining is an industry we all need and the majority of people don’t like, and we have to take that one on. Our objective is to work toward being acceptable to next generations… which drives you to: How do you listen? How do you engage?” Bristow pointed out that Barrick has also changed in the last 19 months – with the average age of

Barrick’s CEO Mark Bristow. BARRICK GOLD

its employees now under 30 – and with greater numbers of female employees. The long-time mining executive also noted that each of the 36 partners at the core of Barrick “need to be chosen” and “need to be a rising star” and are required to be heavily invested as shareholders. That means they must own stock five times their gross salary before they can realize any stock incentives. “So we are all shareholders and that makes it very focused, and we perform in line with

our shareholders.” Bristow also said that while Barrick’s corporate office is in Toronto, the company doesn’t have a head office and executives spend a lot of time at their mines. “The ownership and direction of the organization falls under three regions led by executive teams, and those three teams are amazing people, and it’s been an absolute pleasure to work with them,” Bristow said. “They are nimble and agile. Even in Covid we’ve been able to be engaged with our teams, and

W . N OR TH ER N M I N ER . COM

Wolfden releases PEA for its Pickett Mountain project

| Company expects to start copper-gold production in 2025

Alpala, part of SolGold’s Cascabel copper-gold project, 180 km north of Ecuador’s capital, Quito. SOLGOLD

BY NORTHERN MINER STAFF

olfden Resources (TSXV: WLF) has released a preliminary economic assessment (PEA) for its Pickett Mountain massive sulphide project in northern Maine, 5 km from the nearest highway and 24 km from a rail line. The early-stage study outlined a mine life of 10.7 years producing a total of 600 million lb. payable zinc, 230 million lb. payable lead, 78 million lb. payable copper, 8 million oz. payable silver and 38,324 oz. payable gold at all-in sustaining costs (AISCs) of US38¢ per lb. zinc. The underground mine would be built for initial capex of US$147.4 million, including a 20% contingency, with a payback of 2.4 years at base case metal prices of US$1.15 per lb. zinc, US$1 per lb. lead, US$3 per lb. copper, US$18 per oz. silver, and US$1,500 per oz. gold. The study calculated an after-tax net present value at an 8% discount rate of US$198 million and post-tax internal rate of return of 37%. “The Pickett Mountain deposit represents one of North America’s highest-grade undeveloped polymetallic deposits with fundamentals that are indicative of a top quartile project, including one of the lowest AISCs $0.38/lb. zinc in our sector,” Jeremy Ouellette, the company’s vice president of project development, said in a statement. “With this kind of a breakeven zinc price, the project can sustain metal price market declines that have not been seen in decades.” The project contains indicated resources of 2.2 million tonnes grading 9.25% zinc, 3.68% lead, 1.32% copper, 96.4 grams silver per tonne and 0.9 gram gold per tonne for a zinc-equivalent grade of 18.23%. Inferred resources add 2.3 million tonnes averaging 9.79% zinc, 3.88% lead, 1.15% copper, 101.1 grams silver and 0.9 gram gold (18.62% zinc equivalent). Ron Little, the company’s president and chief executive, said in a statement that Pickett Mountain is “still largely unrecognized by investors and not reflected in the current market capitalization of the company.” “With base metal prices moving higher, these results reaffirm our commitment to increase and upgrade the mineral resources through aggressive exploration and to further de-risk the project with our ongoing pre-permitting efforts and additional technical and baseline studies.” Pickett Mountain was previously known as the Mount Chase deposit and was discovered in 1979 through regional soil sampling by Getty Mining, a division of Getty Oil. Getty Mining followed up with geophysical surveys and diamond drilling until it was taken over by Chevron. Chevron explored the property intermittently between 1985 and 1989, with programs including deeper drilling and pre-feasibility study work. In 1989, Chevron abandoned metals exploration, and the project has not been effectively explored since then. Over the last year, Wolfden Resources has traded in a range of 7¢ and 32¢ and at press time in Toronto was trading at 20¢. The company has 131 million common shares outstanding for a $26-million market capitalization. TNM

then the operation of the ore body and planning we’ve pushed down to the mines.” Bristow emphasized the importance of relationships in Barrick’s operating structure, noting that “partnership is about relationships and relationships are about values – respect, high-quality performance, not allowing anyone to be a freeloader – and the smarter and sharper you get, the better and better the teamwork.” When asked about digital initiatives, Bristow noted they are “absolutely important in driving efficiencies” and pointed to the highly automated Kibali mine in the DRC, where, “after blasting and once it’s loaded, we don’t touch it again until it’s a bar of gold.” He also pointed to Barrick’s automated trucks in its open pits in Nevada, where the company is working to allow them to operate in the same pit where manned trucks operate. Bristow added that across the organization the team is working on proof-of-concept projects, and noted that having a shared platform is essential. “Everyone talks about IT, digital and automation, but Randgold had a set platform where we could see the whole organization at any moment of the day, and it allowed us to make decisions…inside the shift,” he says. He noted that when Randgold merged with Barrick, decision making was

around a 45-day cycle, which has since been trimmed to a seven-day cycle. In addition, Barrick can plug-in predictive maintenance, consolidate its P&L, which it can then “flex with different gold prices and costs.” The next step is to take away budgeting, he says, hopefully done by next year. When asked about what excites him the most about Barrick’s future, Bristow responded: “Everything.” While the coronavirus has been a challenge, he added, it has also been something of a facilitator, “to bed the organization down” and empower employees to make decisions. He also referred to Barrick’s rolling ten-yearplan, announced earlier this year, which sees the company sustainably producing around 5 million oz. gold per year and delivering significant free cash flow. He also pointed to the US$1.5 billion it has realized through the disposal of non-core assets. Swinoga concluded the interview by asking Bristow what advice he would give to other mining executives. “The important thing is to have your own strategy, or what I call ‘strategic imperatives,’ and to realize those imperatives, and to realize that we are stewards of our business,” he replied. Bristow also said that while many CEOs are challenged by shareholders and even elected politicians “who want short-term returns,” they must remain focused on the long-term “and ensure you can be sustainably profitable through the cycles.” TNM

SPECIAL FOCUS

CANADA’S PRAIRIE PROVINCES Callinex says Pine Bay project could revitalise Flin Flon MANITOBA

Saskatchewan worried about the federal Clean Fuel Standard

| Company discovers two high-grade copper, gold, silver, zinc anomalies

| Minister says mining accounts for 10% of province’s GDP INTERVIEW

BY CARL A. WILLIAMS

cwilliams@northernminer.com

he Flin Flon mining district, which straddles Manitoba and Saskatchewan, hosts Hudbay Minerals’ (TSX: HBM; NYSE: HBM) 777 mine. The underground mine, which has been producing base and precious metals since 2004 and employs over 800 people, is approaching the end of its life, with final production slated for 2022. This is a cause of great concern for the local community of Flin Flon. However, Max Porterfield, president and chief executive of Callinex Mines (TSXV: CNX; OTC: CLLXF), believes that the company’s flagship Pine Bay polymetallic project, 16 km from the 777 mine, could help allay the community’s concerns and offer a “bright future” for Flin Flon. “The community of Flin Flon has been through a great deal of uncertainty about its future with the impending closure of the 777 mine and the announcement by Hudbay that they intend to leave Flin Flon,” Porterfield said in an interview. The Flin Flon mining district, which has seen almost a century of continuous production, he added, needs a new discovery, and believes that Pine Bay could be it. Callinex acquired the 60 sq. km Pine Bay property in 2009. The property is situated along a 10-km long geologically favourable trend in the Flin Flon Greenstone Belt. Porterfield’s optimism for the future of Flin Flon is based on the company’s recently announced Rainbow discovery at Pine Bay. The discovery, which is less than 500 metres from a high-voltage power line and 800 metres from a 212-metre long shaft with significant underground workings from previous exploration activities, comprises two high-grade copper, gold, silver, and zinc anomalies and was made during a 5,906-metre diamond drilling campaign in 2019 and 2020. The Rainbow discovery drill hole, PBM-111, returned two intervals. The first interval, which intersected one anomaly, returned 3 metres grading 3.09% copper, 1.88% zinc, 0.75 gram gold per tonne, and 13.35 grams silver per tonne starting from 892 metres downhole. The second interval cut 4 metres grading 4.12% copper, 0.06% zinc, 0.22 gram gold, and 2.21 grams silver from 933 metres downhole, including a higher-grade core of 3 metres grading 5.53% copper, 0.05% zinc, 0.28 gram gold, and 2.88 grams silver, and intersected the other anomaly. “We made the discovery while drill testing an electromagnetic anomaly that was identified during a previous drilling campaign,” Porterfield said. A subsequent Borehole Pulse Electromagnetic (BPEM) survey completed on the hole, he added, revealed a highly conductive source off-hole and to the north. The anomaly is located between two base and precious metals-rich massive sulphide

BY DANIEL SEKULICH

Aerial view of Callinex Mine’s Pine Bay project in northern Manitoba. CALLINEX MINES

anomalies occurring at 892 metres and 933 metres. This, he noted, suggests an abrupt thickening and possible merging of the two massive sulphide anomalies immediately to the north. “Electromagnetics is the best geophysical method to directly vector to high-grade base and precious metals rich massive sulphide mineralization in the Flin Flon Greenstone Belt,” Porterfield said. An initial interpretation of the results, he added, indicates that the direction of the first anomaly is to the south, and the second anomaly is to the north, increasing the potential strike length of the Rainbow discovery. “The typical strike length for a lens in the Flin Flon greenstone belt is approximately 150 metres, and the plunge extent can be between five to eight times longer than the strike,” Porterfield said. The anomalies, he added, are interpreted to occur within Hudbay’s Centennial mine horizon, which hosts the past-producing Centennial mine as well as Callinex’s Sourdough VMS deposit, located 7.5 km and 4 km, respectively, to the south of Pine Bay. According to Porterfield, such off-hole anomalies are often seen in other large discoveries in the Flin Flon district, such as Hudbay’s Lalor mine. “The discovery of the anomalies, combined with the borehole survey results, suggests that this could be a substantial new find in Manitoba,” Porterfield said. “The Rainbow discovery has the potential to provide a bright future not just for our shareholders but also for the people of Flin Flon.” Based on the results from the BPEM survey as well as previous drill results, the company is planning a follow-up drill campaign aimed at outlining the extent of the mineralization. The company’s other Manitoba project, Flin Flon, is 3 km from Hudbay’s 777 mine. Recent geological and geophysical exploration, Porterfield noted, has confirmed the geological strata’s favourable nature and suggests there is potential for the presence of

VMS mineralization. In 2014, a 692-km airborne EM and magnetic survey completed on Flin Flon delineated 14 targets. Two areas with high potential to host a VMS deposit were identified in the northwest and central areas of the property and are believed to continue into Hudbay’s adjacent property area, Porterfield said. The company also owns three properties in the Bathurst mining district in northeastern New Brunswick: the Nash Creek project, which is host to a large, near-surface zinc-lead-silver deposit; the Superjack project, which contains three separate VMS zones; and the early-stage Headway project. At press time in Toronto, Callinex was trading at $2.56 per share within a 52-week trading range of 32¢ and $4.15. The company has 11 million shares outstanding for a $28-million market capitalization. TNM

dsekulich@northernminer.com

or a province of just over a million people, Saskatchewan punches above its weight in the Canadian mining industry. While potash and uranium continue to be mainstays in the province, there has been increasing diversification within the sector to include base metals, lithium, diamonds and rare earth elements. Like the rest of the country, Saskatchewan went into a lockdown in March as Covid-19 spread across Canada. Yet the shutdowns of production and exploration operations, coupled with the way people in the province dealt with the situation, helped to mitigate the effects of the coronavirus and allowed the Saskatchewan mining sector to resume its role as an economic driver earlier than some anticipated. To get a closer look at how the mining industry is doing in Saskatchewan, The Northern Miner spoke to the province’s Minister of Energy and Resources, Bronwyn Eyre. Minister Eyre was elected to the Saskatchewan Legislative Assembly in 2016 and assumed the Energy and Resources portfolio in February 2018. THE NORTHERN MINER: How has Covid-19 impacted the mining sector in Saskatchewan? BRONWYN EYRE: Obviously Covid was challenging, but potash mines in Saskatchewan continued to run through the Covid period with enhanced protocols in place. But production and exploration n

at other mines were largely suspended in northern Saskatchewan, including at Cigar Lake and the McClean Lake mill. And that affected over 700 workers. Production was also suspended at the Seabee gold mine, with 350 workers laid off. And, of course, there was an impact on junior exploration companies, and just their access to sites to do the exploration work they wanted to do. That’s why one of our relief measures through that period for the sector was to wave those expenditure requirements that had already been paid by companies on mineral claims and leases, for one year. And then to apply them to future expenditure requirements. TNM: What has happened since lockdown restrictions began easing? BE: Operations have resumed at Seabee, at McClean Lake and at Cigar Lake. Workers returned to Seabee in June and at Cigar Lake and McClean Lake operations earlier this month. But I do have to say that Saskatchewan mining companies had an exemplary safety record. They were quick to implement comprehensive safety protocols. And they were also extremely generous to their local communities. They donated what amounted to millions of dollars to community outreach, charitable donations, to food banks, First Nations communities, breakfast clubs, you name it. They really did us very proud. n

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CANADA’S PRAIRIE PROVINCES

SEPTEMBER 28–OCTOBER 11, 2020 / THE NORTHERN MINER

Appia Energy pushes ‘critical’ rare earths project in Saskatchewan REE

| Company exploring in the Athabasca Basin

Drilling at Appia’s Alces Lake high-grade rare earth project in northern Saskatchewan. APPIA ENERGY CORP.

BY DANIEL SEKULICH

dsekulich@northernminer.com

ollowing last month’s announcement by the Government of Saskatchewan to build a $31 million domestic rare earths processing facility, Appia Energy (CNSX: API; US-OTC: APAAF) has released the results of assays taken from its wholly owned Alces Lake REEs project in Saskatchewan. The 143 sq. km property is situated 30 km east of Uranium City in the Athabasca Basin of northwestern Saskatchewan. Speaking to The Northern Miner, Appia president and chief executive Tom Drivas emphasized the quality of the deposit at Alces Lake. “It’s high-grade, critical rare earths, and by high-grade, I mean surface zones and near-surface zones that are up to 80-85% monazite,” says Drivas. “A very high percentage of our rare earths, like 99%, are contained in that one mineral, monazite. So, this project is one of a kind. It’s definitely the highest grade in North America, and one of the highest-grade projects in the world.” Since Appia started exploring Alces Lake in 2017, it has discovered 74 REEs and uranium-bearing

“IT’S DEFINITELY THE HIGHEST GRADE IN NORTH AMERICA, AND ONE OF THE HIGHESTGRADE PROJECTS IN THE WORLD.” TOM DRIVAS, PRESIDENT AND CEO, APPIA ENERGY

surface zones and occurrences on the property. The first phase of this year’s exploration program saw the company complete surface channel and diamond drilling work within six zones on the property, collecting 24 samples in the process. Though this exploration work encompassed less than 15% of the entire property, the assay results of total rare earth oxides (TREO) from all of the six zones sampled showed an average composite grade of 16.65 weight percentage (wt%) TREO. One of them, the Ivan zone, hosts the highest grades seen on the Alces Lake property, with surface mineralization intercepts of up to 53.01 wt% TREO

over 2 metres. Diamond drill hole IV19-012 intersected 16.06 wt% TREO over 16 metres, including 49.17 wt% TREO over 4 metres. Drivas pointed out the need for domestic sources of high-grade REE projects like Alces Lake given China’s dominance of the industry. “China controls 70% to 80% of the market, and that’s caused the United States, Canada, Australia and other countries to look for other sources. And here, we’ve got the grade and we’ve got the mineralogy. But the other thing that is crucial is you’ve got to have the right rare earths.” According to Drivas, Alces Lake has the right types of REEs that are in demand, and in quantities that can be profitably produced. He says that about 25% of the TREO deposit at the property includes neodymium, praseodymium, dysprosium and terbium, which are required in the making of rare earth magnets that are in demand for electric vehicles, wind turbines and military and aerospace applications. For Drivas, the final part of making Alces Lake an important part of the North American REE sector is the decision to create a processing facility in Saskatchewan. “You know, the mining [of REEs] is not very difficult,” he says. “But until now all the final processing had to occur in China. So now that we have a plant in our backyard, so to speak, that changes everything.” The REE processing plant is slated to be built in Saskatoon, with construction beginning this fall and processing scheduled to begin in late 2022. This has given Appia the impetus to continue to push forward with the project. “We want to hit this really hard,” Drivas says. “We want to develop a first resource, and then move to the next phases, with a preliminary environmental assessment, and so forth. But we really want to get it to the next level, and ASAP.” At press time, Appia’s shares were trading at 36¢, within a 52-week range of 10¢ to 57¢. The company has 73.8 million common shares outstanding, and a $26-million market capitalization. TNM

W . N OR TH ER N M I N ER . COM

| New aquifer located above previously discovered resource

ALBERTA

Looking west over E3 Metals’ project area in southern Alberta. E3 METALS CORP.

BY NORTHERN MINER STAFF

algary-based lithium developer E3 Metals (TSXV: ETMC; US-OTC: EEMMF) has announced the discovery of a new lithium enriched aquifer in south-central Alberta. The lithium enrichment was discovered in the Nisku aquifer, and the company says sampled lithium grades ranged up to 75 milligrams per litre (mg/L). The Nisku is laterally extensive across the company’s permit area and is located just above another aquifer, the Leduc, in which E3 Metals already holds an inferred resource of 6.7 million tonnes of lithium carbonate equivalent. The aquifers are situated 2,0003,000 metres underground. Both aquifers have similar geological properties, the company says, so the Nisku should have a propensity for high brine flow rates comparable to the Leduc, supporting the production of commercial quantities of lithium. E3 Metals sampled brine from

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the Nisku aquifer, as well as Leduc brine, from oil and gas production wells as part of its ongoing exploration and development work. In total, 17 samples were collected across the Nisku, and the company says all have demonstrated the presence of higher-grade dissolved lithium within the formation brine, with lithium grades ranging between 37.4 mg/L and 75.0 mg/L. Nisku and Leduc are classified as “confined aquifers,” meaning they are not connected to the surface or any shallow, fresh, groundwater source. As well, the fluids in the aquifers are contained under pressure, which naturally assists with fluid production. In Alberta, aquifers like these are important producers of hydrocarbons, which sit buoyantly atop the lithium brine. However, in the area E3 Metals has been exploring, the hydrocarbons have mostly been depleted after 60 years of oil production, leaving aquifers with lithium enriched brine. “The discovery of lithium in the Nisku expands the known lithium brine volumes and may offer operational benefits,” Chris Doornbos, president and CEO of E3 Metals, said in a statement. “Wells drilled to access the Leduc intersect the Nisku first, which may allow us to produce lithium enriched brines from both aquifers from the same well, potentially increasing operational efficiencies in the future.” At press time, E3 Metals’ stock was trading at 38¢ a share, within a 52-week range of 19¢ and 50¢. The company has 30.5 million common shares outstanding for a $11.5-million market capitalization. TNM

NOVEMBER 10 & 12, 2020

gl bal

MINING symposium

G LOBAL M I N I N G

N EW S

THE NORTHERN MINER / SEPTEMBER 28–OCTOBER 11, 2020

PRAIRIES SNAPSHOT: EIGHT COMPANIES WITH INTERESTING PROPERTIES TO WATCH BY MAGDA GARDNER

mgardner@canadianminingjournal.com

Manitoba and Saskatchewan are among the world’s premier jurisdictions for mining and mineral exploration. Here’s a look at eight companies with assets in the provinces. n ALX RESOURCES ALX Resources (TSXV: AL) is focused on nickel, copper-cobalt, gold and uranium exploration in Saskatchewan, where it holds over 2,000 square kilometres. In August, ALX entered into an option agreement with Rio Tinto (NYSE: RIO; LSE: RIO) for the Falcon nickel project in northern Saskatchewan (since renamed to Firebird). The major may earn up to an 80% interest in the property by spending $12 million on exploration over a six-year period and making cash payments of $125,000. Once Rio Tinto earns a 51% interest in Firebird, it may choose to form a joint venture with ALX, or move forward with its right to earn an 80% stake. Firebird covers 205 sq. km and hosts a magmatic sulphide mineralizing system. Exploration at the site dates back to 1929, with three historic nickel-copper-cobalt deposits. ALX first acquired the claims in May 2019. The property is 18 km from Stony Rapids and is connected to the highway system. In April, ALX released the results of a three-hole drill program at the site. Two of the holes hit nickelbearing sulphide mineralization: intercepts included 24 metres of 0.36% nickel, 0.09% copper and 0.01% cobalt as well as 1 metre of 0.07% nickel, 0.08% copper and 0.02% cobalt. There are other geophysical anomalies at the site with potential for magmatic sulphide mineralization, and Rio Tinto plans to complete an airborne geophysical survey over the 80-sq.-km northern part of Firebird. Also in northern Saskatchewan, ALX holds a 100% interest in the 276-sq.-km Flying Vee project, 20 km to the north of Stony Rapids. In July, the company completed a prospecting and sampling program at Flying Vee. Results include up to 8.34 grams gold per tonne from the Day Lake gold showing. In addition, ALX holds the 62.3-sq.-km Sceptre gold project in Saskatchewan, the Vixen gold properties in Ontario, as well as the 59.6-sq.-km Draco volcanogenic massive sulphide asset in Norway. ALX Resources has a $10.6-million market capitalization. n BASELODE ENERGY Baselode Energy (TSXV: FIND) is a Saskatchewan-focused uranium explorer, where it holds the Shadow and Hook properties. As part of its exploration strategy, Baselode is targeting near-surface, high-grade basement-hosted uranium deposits, which, according to the company, can be put into production at lower costs and within shorter timeframes than Athabasca sandstone and unconformity uranium resources. In June, Baselode acquired a 100% interest in the 460-sq.km Shadow property, which lies south of northern Saskatchewan’s

Athabasca Basin, along the Virgin River shear zone. According to the company, this site is prospective for basement-hosted uranium mineralization. The shear zone hosts several uranium deposits, and is one of the largest such trends in the northern part of the province. Baselode suggests structural similarities between Shadow and NexGen Energy’s (TSX: NXE; NYSE: NXE) Arrow, as well as Cameco’s (TSX: CCO; NYSE: CCJ) Eagle Point, both of which are highgrade, basement-hosted uranium deposits. By August, Baselode completed a property-wide airborne geophysical survey at Shadow. According to James Sykes, Baselode’s president and chief executive, the survey “outlined an extensive structural network, which shares geophysical similarities with other

high-grade uranium deposits, such as NexGen’s Arrow and Cameco’s Key Lake deposits.” In July, the company also acquired a 100% stake in the 300-sq.-km Hook uranium property in the Athabasca Basin area. Hook encompasses basement rocks that are next to the southeast edge of the basin, within the Wollaston Domain, and is within 60 km of the Key Lake mill, owned by Cameco, and Orano, a French government-owned nuclear and renewable energy group. The Wollaston group hosts several high-grade uranium deposits. Baselode plans to assess the historical data available on this property to determine the next steps. Sykes, a geologist, discovered the Arrow deposit and played a key role in the discovery of the basement-hosted Roughrider

deposit, now held by Rio Tinto (NYSE: RIO; LSE: RIO). Baselode started trading on the TSX Venture Exchange in June. In September, the company announced a $1.2-million non-brokered private placement financing. With the proceeds, the company plans to complete additional gravity surveys over high-priority target areas and start an initial diamond drill program at Shadow, testing the targets defined through geophysics. The company is part of the Stephen Stewart-led Ore Group, which also includes Mistango River Resources (CNSX: MIS) and Orefinders Resources (TSXV: ORX). Baselode Energy has a $10.9-million market capitalization. n DENISON MINES Denison Mines (TSX: DML; NYSE: DNN) is a uranium explorer and

developer with assets in the Athabasca Basin. The company’s flagship, 90%owned Wheeler River project is 35 km northeast of the Key Lake mill and includes two high-grade uranium deposits: Phoenix and Gryphon. Probable reserves across the two total 109.4 million lb. uranium oxide. Phoenix features 141,000 tonnes, at 19.1% uranium oxide, for a total of 59.7 million lb. uranium oxide. A September 2018 prefeasibility study outlined an in-situ mining operation at Phoenix with underground mining planned for Gryphon. Upfront capital costs of $322.5 million were estimated for Phoenix, with production averaging 6 million lb. U3O8 at expected all-in operating costs (AISCs) See SNAPSHOT / 12

A Canadian natural resource company focused on exploring and developing Saskatchewan’s diamond resources

Diamond populations from the Star and Orion South Kimberlites include Special (+10.8 carats), Fancy (yellow) and a high proportion of Type IIa diamonds.

TSX: DIAM

www.stardiamondcorp.com @StarDiamondCorp

SEPTEMBER 28–OCTOBER 11, 2020 / THE NORTHERN MINER

CANADA’S PRAIRIE PROVINCES

n FJORDLAND EXPLORATION Fjordland Exploration (TSXV: FEX) holds interests in the Thompson Nickel Belt and South Voisey’s Bay projects in Manitoba and Labrador. In May, Fjordland entered into an option agreement with CanAlaska Uranium (TSXV: CVV) to earn up to an 80% interest in CanAlaska’s wholly owned North Thompson nickel project. To earn the maxi-

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geological settings, age, petrology and geochemistry. Fjordland Exploration has a $5.9-million market capitalization.

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around $11.57 per pound. Plans include a mine at the Phoenix deposit, followed by a potential second operation at Gryphon. In-situ recovery test work is ongoing at Phoenix. This year, the work is focused on validating the company’s hydrogeologic model for the deposit and setting the groundwork for further field tests as Denison looks toward a future feasibility study. In June, Denison announced that the hydrogeologic model established for Phoenix allows it to simulate an in-situ wellfield, which, according to a third-party engineering firm, established ‘proof of concept’ for use of in-situ mining at Phoenix. The company also holds a 22.5% interest in the McClean Lake uranium project (70% held by Orano Canada, and 7.5% owned by Japanbased OURD), which includes a plant licensed for production of 24 million lb. U3O8 annually. At the end of July, Denison announced that, based on encouraging results from an internal study on an in-situ operation at the J-zone uranium deposit within its 66.71%-held Waterbury Lake property in northern Saskatchewan, it has started a preliminary economic estimate (PEA) on the development, which is expected in the second half of 2020. Denison also holds a 25.17% stake in the Midwest project, 25 km from the McClean Lake mill, which features the Midwest uranium deposits. Denison Mines has a $388.2-million market capitalization.

Drill rig at ALX Resources’ Firebird site in northern Saskatchewan. ALX RESOURCES

mum stake, Fjordland would need to pay CanAlaska $150,000, spend $9 million on exploration and issue a total of 8.5 million shares over a six-year period. A joint venture agreement includes options for Fjordland at each stage of the earn-in, and Fjordland may choose to form a joint venture at each stage. If the company earns a minimum 70% interest, and a feasibility study suggests a net present value, at an 8% discount rate, of over $100 million, the junior would need to issue an additional 10 million of its shares to CanAlaska.

North Thompson is 25 km from the city of Thompson and covers extensions of the Thompson nickel belt, which, according to the company, is the fifth-largest nickel sulphide belt worldwide, based on contained nickel. The project covers 187 square kilometres. A geophysical survey completed over the claims in 2007 outlined several drill targets. The data is being reprocessed, and results to date suggest targets within the Strong block. In Labrador, Fjordland may earn up to a 100% interest in the South Voisey’s Bay project, 80 km south

of Vale’s (NYSE: VALE) Voisey’s Bay nickel-copper-cobalt mine. In August 2017, Fjordland entered into an agreement with privatelyowned High Power Exploration, with the latter funding the exploration commitments in exchange for a 65% interest in the property. Robert Friedland-led High Power also has a 31% interest in Fjordland. South Voisey’s Bay covers 294 sq. km and includes gabbroic rocks within the Pants Lake mafic intrusive complex (PLI). According to Fjordland, the PLI is analogous to the mafic units in Voisey’s Bay mine area, based on similarities in

High-Grade Zinc-Copper-Silver-Gold Brabant-McKenzie VMS Deposit in Saskatchewan • Resource Base: Inferred: 7.6 M t @ 6.29% Zn Eq Indicated: 2.1 M t @ 9.98% Zn Eq • 118 airborne EM conductors (potential drill targets) • Great local infrastructure: power, roads, manpower •100% owned, no royalties

TSX-V : MUR | www.mur chi sonmi ner a l s.co m

n ISOENERGY IsoEnergy (TSXV: ISO) holds 15 properties in the eastern Athabasca Basin. Wholly-owned Laroque East covers 83.7 sq. km and lies within 35 km of Orano Canada’s McClean Lake mine and mill. This property covers a 15-km extension of the Larocque Lake conductor system, associated with several occurrences of uranium mineralization. One of these is the Hurricane zone, discovered in 2018. In September, IsoEnergy announced intersections with “strong uranium mineralization” from the first holes of this summer’s drill campaign at Hurricane. One hole hit 9 metres of mineralization, which registered over 500 counts per second (CPS) starting at 329 metres, while another returned 10 metres of over 500 CPS from 344 metres. Both of these included higher-count intervals, and chemical assay results are pending. To date, Hurricane has been traced over 575 metres of strike and 40 metres of width, while the zone is up to 11 metres thick and remains open. The best intersection to date from this zone, reported in February, is 9 metres of 33.9% U3O8. The mineralization is on a major basement fault system, in the unconformity below the Athabasca, at a depth of 330 metres. In August, the company started an 8,000-metre drill program at Hurricane. There are over 15 km of conductors associated with the Larocque Trend at Larocque East, and the company has only drilled the westernmost 2 kilometres. IsoEnergy also holds the drillready Geiger project, with a total of 135 km of graphitic conductors; the Ratio property, 2 km east of Rio Tinto’s Roughrider deposit; and the Thorburn Lake project, traversed by the haul road to Cameco’s 50%held Cigar Lake mine. In August, IsoEnergy closed a US$6-million private placement of a convertible debenture with Queen’s Road Capital, a venture capital firm. Also in August, the company closed a $4-million nonbrokered private placement. IsoEnergy has a $106.6-million market capitalization. n MURCHISON MINERALS Murchison Minerals’ (TSXV: MUR) most advanced asset is the 627-sq.-km Brabant Lake property in Saskatchewan, 175 km northeast of La Ronge. The site includes a high-grade zinc-copper-silver deposit, and geophysical conductors along 57 km of strike. The wholly owned project is roadaccessible and connected to the local power grid, and includes the Brabant-McKenzie volcanogenic massive sulphide (VMS) deposit. Brabant-McKenzie features an indicated resource of 2.1 million tonnes, at 7.08% zinc, 0.69% copper, 0.49% lead, 0.23 gram gold per tonne and 39.6 grams silver per tonne (9.98% zinc-equivalent) and an inferred resource of 7.6 million tonnes, at 4.46% zinc, 0.57% copper, 0.19% lead, 0.1 gram gold per tonne and 18.42 grams silver per tonne (6.29% zinc-equivalent). This deposit remains open. In March, Murchison completed a 949-line-km airborne geophysical survey over its claims in Saskatchewan, and identified a total of 58 new conductors. At the end of March, the company announced a new discovery at the Main Lake target, 10 km from the VMS deposit, where a drill hole returned two mineralized intercepts. The first, more copper-rich, assayed 0.83% copper, 0.61% zinc

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Mobile MT survey for Baseload’s Shadow project in Saskatchewan. BASELOAD ENERGY CORP.

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and 11.8 grams silver over 4 metres starting at 140 metres, while the second, returned 7 metres of 1.62% zinc, 0.09% copper and 41.1 grams silver from 170 metres. In July, Murchison announced that it had started this summer’s exploration work at Brabant Lake, focused on prospecting the new geophysical anomalies. In Quebec, the company holds a 100% interest in the 58-sq.-km HPM nickel-copper-cobalt project, 135 km to the south of Fermont. There are several known nickel-copper-cobalt occurrences at the site. In August, Murchison announced that it retained geological firm Orix Geoscience to complete ground prospecting on targets at HPM (there are over 24 geophysical targets at the site) and also arranged for a 1,400-line-km airborne geophysical survey. Past exploration at the project was focused on two areas of mineralization – PYC and Barre de Fer – with 25 holes completed at the latter. A hole drilled in 2008 into Barre de Fer returned high-grade intervals of nickel, copper and cobalt, including 43 metres of 1.74% nickel, 0.9% copper and 0.1% cobalt. The Barre de Fer conductor covers over 550 metres of strike. Nickel-copper exploration in the area dates back to the 1960s. Murchison Minerals has a $7.5-million market capitalization. n QMC QUANTUM MINERALS QMC Quantum Minerals (TSXV: QMC) is focused on mineral projects in Manitoba, where it holds three properties: the flagship Irgon lithium mine project in the southeastern part of the province, as well as the Namew Lake and Rocky Lake projects in the Flin Flon and Snow Lake regions. Irgon is within 20 km of the Tanco lithium mine, sold to Sinomine Resources, a Chinese publicly traded company last year. The wholly owned project covers 46 sq. km and features several occurrences of granitic pegmatite. One of these is known as the former Irgon mine, while the largest spodumenebearing dike is dubbed the Irgon dike. A provincial highway cuts across the property, which is 150 km northeast of Winnipeg. The Irgon dike is exposed over approximately 800 metres of strike, with widths between three metres and 18 metres. In the 1950s, the Lithium Corporation of Canada, reported a historical resource estimate for the structure of 1.2 million tons, at 1.51% lithium oxide, contained within 365 metres of strike, and extending down to a depth of 213 metres. A 500-ton-per-day mining plant was established at the site, in addition to a shaft, down to a depth of 74 metres, and 366 metres of underground development. Work was suspended in 1957, due to lithium market conditions. In April, QMC announced that it was in discussions with the

Sinomine group, on the potential processing of spodumene (a lithium-bearing mineral) from the Irgon property at the Tanco plant. According to QMC, this processing route would eliminate the need for a concentrator during future mining at Irgon. Last year, the company shipped spodumene samples from the Irgon project to China-based Guangxi, for testing and to produce a 6% battery-grade lithium oxide concentrate, as part of a non-disclosure agreement. QMC also holds the 35-sq.-km Rocky Lake project in Manitoba, which includes volcanogenic massive sulphide mineralization at the Rocky Lake target. A hole completed in 2012 hit massive sulphides at a vertical depth of 171 metres, returning “highly significant” copper values within a nine-metre long interval that averaged 18% to 20% iron sulphides. The company’s 190-sq.-km Namew Lake gold project is adjacent to Rocky Lake and includes 41 geophysical targets. Drilling completed in 2012 hit anomalous copper and zinc values with iron sulphides. QMC Quantum Minerals has a $10.3-million market capitalization. n ROCKCLIFF METALS Rockcliff Metals (CSE: RCLF) has interests in three mineral properties in the Snow Lake area of central Manitoba, within the Flin FlonSnow Lake greenstone belt, which are within trucking distance of a leased mill and tailings facility. In August, Rockcliff announced that Hudbay Minerals (TSX: HBM) exercised its right to acquire an additional 2% stake in the Tal-

Above: In-situ recovery field testing work with downhole probe and data logging at Denison’s Wheeler River project. BASELOAD ENERGY CORP.

bot project, giving it a 51% stake in the asset (Rockcliff owns 49%) — Hudbay is now the operator of the project. If the miner advances Talbot to production, Rockcliff will maintain a minimum carried interest of 35% over the life of the mine, as long as it contributes its share of the pre-construction capital. Talbot, 160 km from the leased Bucko mill, hosts an indicated resource of 2.2 million tonnes grading 2.3% copper, 2.1 grams gold per tonne, 1.8% zinc, 36 grams silver per tonne (4.4% cop-

per-equivalent), and an inferred resource of 2.4 million tonnes grading 1.1% copper, 1.9 grams gold, 1.7% zinc and 25.8 grams silver (3% copper-equivalent). The wholly owned Rail property, 185 km from the mill, features indicated resources of 1.2 million tonnes averaging 2.73% copper, 0.8 gram gold, 0.9% zinc and 8.9 grams silver (3.5% copper-equivalent), and 700,000 inferred tonnes at 3.11% copper, 1.11 grams gold, 0.7% zinc and 8.5 grams silver (4.1% copper-equiv-

alent). The copper deposit lies within the 5-km Rail copper horizon, with drill-ready geophysical anomalies. Rockcliff’s wholly owned Tower project, 130 km from Bucko, covers 95 sq. km and includes a copper deposit. The indicated resources stand at 1 million tonnes grading 4.69% copper, 1.32% zinc, 0.85 gram gold and 23.7 grams silver (5.74% copper-equivalent), with a further 400,000 inferred tonnes, at 3.53% copper, 1.05% zinc, 0.57 gram gold and 18 grams silver (4.29% copperequivalent). The resource is part of a 12-km corridor. On the exploration front, Rockcliff plans to drill 70,000 metres this year. In May, the company announced drill results from the wholly owned Freebeth property, 125 km from the leased mill. Drill highlights included 2 metres of 5.28% copper-equivalent and 8 metres of 2.79% copper-equivalent. April’s results from Tower also suggest a new, high-grade nickelplatinum group element (PGE) discovery — dubbed TGR — 600 metres south of the Tower deposit, associated with rocks from the Thompson nickel belt. The discovery hole hit 2 metres of 2.53% nickel, 3.08 grams palladium and 1.04 grams platinum (3.82% nickelequivalent). In May, Rockcliff announced the results of ore sorting test work on the Tower and Rail deposits, which, according to the company, suggest good potential to upgrade the material. In April, the junior started a preliminary economic assessment on a combined sequential development of the Tower and Rail properties, expected to be completed this quarter. Rockcliff has a $29.2-million market capitalization. TNM

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Covid-19 industry survey finds high confidence in mining sector leadership HEALTH & SAFETY

| Different jurisdictions reveal different experiences

Management and workers enacting social distance protocols at Codelco’s El Teniente copper mine in Chile. CODELCO

BY ALISHA HIYATE

Editor-in-Chief, The Canadian Mining Journal

he Northern Miner and The Canadian Mining Journal conducted a reader survey to gauge how the sector is faring through the Covid-19 pandemic, which began officially in March. The survey was open in July and August, with 384 people from the sector taking time to respond to a combination of multiple-choice and open-ended questions. Respondents represented principally mining and exploration companies, suppliers to the industry, and consultants, with a smattering of respondents who identified as investors, or as being part of financial institutions, government or NGOs. The survey captured a range of views, from the optimistic: “We believe that [the situation] has been handled very well and we are stronger

for it,” to others indicating that they are just “scraping by.” In this first article examining the results, we’ll look at the state of the industry and how it has been coping with the disruptions and uncertainty of the pandemic. As 85% of survey respondents anticipate that the pandemic will continue to affect the economy and mining for the next year or longer, the second instalment will look at the longerterm picture for miners, and what the industry needs from governments and financial institutions to stay viable during the uncertainty. First, a look at who responded to the survey The largest group of respondents were from mining and exploration companies (40%), followed by suppliers to the industry (38%), and consultants (6.8%).Of the respondents from mining companies who

INTERVIEW From 9 TNM: What do you see as the biggest challenges facing the mining sector in Saskatchewan? BE: I have to say the biggest ongoing challenges are emanating from the federal government. Most recently we have been addressing the impacts of the Clean Fuel Standard, and the anticipated serious impacts of it. As well as oil and gas, this will impact mining. The Clean Fuel Standard focuses very much on switching to electricity for transportation and heating. But that doesn’t take into account the more carbon-intensive nature of power generation in Saskatchewan, compared to the hydro- and nuclearpowered grids that you see in other provinces. We also have to transport products over much greater distances and that already adds costs. But mining companies are saying that the economic, bottom-line cost of this is not going to be minor. We’re talking millions and millions of dollars. And make no mistake, the Clean Fuel Standard is a second carbon tax. It will be applied on top of the n

Bronwyn Eyre, Saskatchewan Minister of Energy and Resources. MINISTER’S OFFICE

Carbon Tax on the same emissions. And we feel in Saskatchewan that the Carbon Tax is already uneconomic. n TNM: What about the clean-up of the Gunnar uranium mine north of Lake Athabasca? BE: Well, you might be aware of our

answered the survey (148 in total), more than half (54.7%) were from juniors, with 25% representing majors and 20.3% from mid-tier miners. Of these, 65.5% of the companies mine or explore for precious metals, with 38.5% in base metals, 8.1% in energy metals, 6.1% in uranium, 4.1% in diamonds, and 13.5% indicating “other” (including potash, coal, quarry, oil and gas, critical minerals, industrial minerals). In consideration of how the jurisdiction of operation would impact respondents’ answers, we also asked where the companies’ assets are located. In terms of jurisdiction exposure, the vast majority of respondents (80.3%) have assets in Canada and the U.S. – two countries with widely diverging success in countering the spread of Covid-19 so far. The next most common jurisdiction was South America (21.1%), then Mexico and Central America (15%), Europe

(9.5%), Africa (7.5%), Asia (6.1%) and Australia (5.4%).

attempts to get the federal government to honour the memorandum of agreement that it entered into with Saskatchewan back in 2006, to equally share in the costs of remediation of the Gunnar mine. Finally, we had no choice but to undertake legal action. The federal Liberals announced very clearly during the election campaign last fall that remediation of northern mines was a top priority. But clearly that does not apply to northern Saskatchewan. We’re ordered to remediate the mine and we’ve done it to the tune of $280 million. Whereas the federal government has provided $1 million. But we’ve done it because it’s the right thing to do.

few decades. Northern Saskatchewan has a number of high-grade, rare earth deposits, and significant potential for more discoveries. And the facility we have announced will form a model for commercial resource expansion. And it will create immediate and long-term jobs. It’s expected to be fully operational in late 2022 [and] construction is to begin this fall. It is going to be the first processing plant of its kind in Canada, and we hope it will stimulate the resource sector here in the province, and across the country.

TNM: At the end of August your government announced plans to build a rare earth elements processing plant in Saskatoon. What was behind this decision? BE: We announced $31 million in funding for this processing facility that will be operated by the Saskatchewan Research Council, knowing global demand for rare earths is set to increase significantly over the next n

Initial insights: High confidence in leadership Across the board, respondents indicated that their organizations were doing well in terms of dealing with the crisis so far. While only 59.3% of respondents indicated their organization had a business continuity plan in place to deal with business disruptions when the pandemic struck, most rated their organizations’ contingency planning efforts since the start of the crisis as highly effective, with 68.2% of respondents rating them as good or very good, and only 4.4% rating them as poor. Even more encouraging, respondents expressed high confidence in their organizations’ leadership to make the right decisions through the crisis, with 48.9% of respondents

TNM: How important is the mining sector to Saskatchewan’s economic future? BE: It’s very important to the province. Exploration spending last year was over $200 million, and the mining sector generated $7.4 billion in sales. That’s potash sales, uranium, gold, coal, sodium chloride, sodium sulphate. Last year, the mining sector accounted for 10% of provincial GDP. It directly employed about 10,000 people. And every job in the mining n

indicating they were very confident in their leadership and 28.3% indicating they were extremely confident. Respondents scored their organizations especially high in terms of their effectiveness in addressing safety concerns, with 42.5% ranking the response as very good and 34.8% as excellent, and less than 1% ranking the response as poor. At the time of answering the survey, the majority of respondents (53.9%) were still working from home, with 16.9% indicating a hybrid workweek including working from home and some time in the office. A quarter (25.4%) of respondents said they were already back in the office and 20.1% indicated they were still working in the field. About 11.4% indicated they personally were working reduced hours, with 5.5% laid off or furloughed. See HEALTH & SAFETY / 15

sector generates at least two jobs in supply and services. It’s very important for the north [of Saskatchewan], and for First Nations communities. Companies such as Cameco have traditionally been the largest employer of First Nations in the country. About 21% of Saskatchewan mine employees are Indigenous. The mining sector is a very key driver of the economy here in Saskatchewan and one of the reasons that the impact of the pandemic have been perhaps less severe here than other places in the country. We have the strongest economic recovery in Canada. Our unemployment rate fell to just 7.9% in August, the lowest of all the provinces. Employment is now at 95.7% of what it was pre-pandemic. Many of these companies are innovating, with new technologies. Such as selective potash solution mining, and in situ uranium extraction. Our growth plan targets are increasing the annual value of uranium sales to $2 billion by 2030, and the value of potash sales to $9 billion. So mining is a big component of our growth. TNM — This interview has been edited and condensed.

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Asked what their organizations are doing well through the crisis, the answers were a mix of communication, safety measures such as screening and testing, operational performance (lowering costs and keeping up productivity), as well as adapting to the new work-fromhome reality. Specific answers included: “Strong leadership with pre-emptive measures for work from home support, specific guidelines for sites and corporate, testing as necessary, pre-shift quarantine periods for FIFO (flyin/fly-out) employees and regular update meetings,” said a project manager for a precious metals and base metals mid-tier company with assets in North America. Flexibility of organizations to support employees was especially appreciated by respondents, as well as keeping employees safe and minimizing layoffs. One respondent who works for a mining supplier/service provider praised the company for “viewing staff as genuine people with real needs for flexibility, support and culture-building in a major shift; making commitments to staff and following through.” Another respondent who works for a supplier/ service provider said it had done well “keeping its team intact, supporting employees, and communicating in a clear, timely manner.” Organizational adaptability was also highlighted in some of the answers, including one respondent, an executive at a precious metals and base metals mid-tier operating in South America, who said: “Adaptation to (a) constant changing environment and compliance with health protocols in our operations.” Others highlighted communication with communities as something that’s being done well: “Seeking alternative ways to engage with remote communities,” said one community engagement and sustainability consultant. A few respondents could not pinpoint any strengths of their organizations, with one indicating that it was “completely caught off guard by the pandemic and are now playing catch up.” Another who works for a mining supplier/service provider said: “The situation is quite chaotic! The simplest task is overwhelmingly complicated due to regulation and procurement disruption.”

ing customers in the next decade,” said one person from a supplier/ service provider. Interestingly, one respondent from a U.S. mining regulator had quite basic work-from-home concerns: “[Our] organization is doing well, but many of our offices/staff do not have access to sufficiently robust internet capabilities to support fully effective telework.” Coping with the downturn In terms of their organizations’ overall response to the pandemic-induced downturn, the most common strategy has been to reduce capital expenditures (58.7%). About a third of respondents said their organizations have also reduced headcount (35.3%) and salaries (31.1%), and reduced or eliminated exploration programs (33.9%). Companies have also commonly targeted contractor costs (33.5%) or supplier costs (22.9%). The cutbacks have trickled down to shareholders, with 13.8% indicating their organization has cut or eliminated their dividends, and 4.6% indicating that share-buybacks have been reduced or eliminated. Many respondents said that spending has been cut across the board at their organization: “Limiting of all

expenses in every department (lean and mean),” said one, with others indicating that equipment, IT and technology spending has been targeted. With ongoing international travel restrictions, reduced domestic travel and the cancellation of physical trade shows, many indicated they were saving on travel. Other respondents said they were delaying capital projects and exploration to 2021, cutting spending on engineering and feasibility work, and not pursuing planned acquisition of new projects. Some miners indicated production costs have been reduced, while — somewhat worrying for the longterm health of producers — others indicated maintenance costs were being cut. A small minority of respondents said rather than cutting spending, their organizations were holding the line or increasing expenses as they are “busier than we were last year,” in the words of one consultant, or “continue to aggressively expand,” in the words of one junior gold company with assets in Mexico/ Central America. Different jurisdictions, different experiences Most respondents with assets in

THE NORTHERN MINER / SEPTEMBER 28–OCTOBER 11, 2020

Canada praised the responses of various jurisdictions in the country for keeping case counts low and keeping the industry going. “Thank goodness all our properties are in Canada!” said a director of a junior focused on critical minerals. “Most government jurisdictions in Canada are working with us to weather the storm and that is all one can ask,” said another head of a junior precious metals and base metals company with assets in Canada/U.S. While most respondents said the jurisdictional response to Covid-19 would not affect where they will do business in the future, others have had negative experiences that may shape their choices differently in future, including one precious metals junior with assets in Canada/U.S., who said “They made it difficult to get people in and now we are facing contractors who now cannot do the work.” Another precious metals junior with assets in South America also indicated poor handling of the pandemic will affect their future choices of jurisdiction, saying “There are regular new and at times contradictory and nonsensical regulations and other, sometimes soft, rules the application of which are hard to define. Government is overwhelmed

and reacts with knee jerk responses.” Some miners report that regulatory and other burdens have increased costs, but exploration companies were more likely to report limited access to remote regions of Canada, in particular Nunavut and the Northwest Territories. “The Yukon, Alaska and Nevada have done well. Exploration work is busy and moving along somewhat slower than previous years,” said one respondent from a supplier/service company. “In the Northwest Territories and Nunavut, it feels like a complete lockdown. Unless you had a large, advanced project or active mine there is no ability to run a program.” “We cannot have access to the project areas in a cost-effective way (quarantines required, etc.) so we cannot raise funds to complete work,” said an executive of a diamond junior. Next time, we’ll take a look at respondents’ concerns about the medium to long-term impact of the pandemic in the mining industry, and what they think governments and financial institutions can do to help. TNM — The Canadian Mining Journal and The Northern Miner are part of Glacier Resource Innovation Group.

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Canadian Mining Hall of Fame

Discipline pays off / 4

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Mining sector forced to innovate

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Canadian Mining Hall of Fame

Discipline pays off / 4

Five new inductees / 5

Mining sector forced to innovate TECH CONFERENCE

| New technology stokes productivity gains, but ‘no silver bullet’

ELECTION 2015 | Credibility and accountability are top concerns

BY ALISHA HIYATE ahiyate@northernminer.com

BY JOHN CUMMING jcumming@northernminer.com

he mining sector is facing a DarW delegates at the winian moment, first annual Technology and Innovation in Mining conference in Toronto heard in September. Just as species deal with changes in their climate, food sources or other circumstances, miners dealing with mounting cost, social and technical pressures must innovate if they want to survive, research group AMIRA International managing director Joe Cucuzza said. “If you look at Darwinian evolution, there are more species that go extinct than actually quickly adapt,” Cucuzza told the conference. “The point is that in our industry, we need to adapt quickly. COAL OUTLOOK: WOOD MACKENZIE SEES RAY OF HOPE / 4 Those that are slow to adapt, unfortunately, are going to go extinct.” The conference, organized by Dubai-

BY JOHN CUMMING jcumming@northernminer.com

ith Canadians looking ahead to a federal election on Oct. 19, The Northern Miner submitted mining-related questions to the leaders of the four major political parties running across Canada. The following are the answers from the Liberal Party of Canada leader Justin Trudeau and Green Party of Canada leader Elizabeth May and their parties: The Northern Miner: In recent years the federal government has streamlined environmental permitting for miners by trying to avoid duplicating provincial efforts. Do you support this approach? Does the federal government have a unique role to play in avoiding catastrophic tailings dam failures, such as the Mount Polley spill in B.C. in 2014? Justin Trudeau/Liberal Party: The Harper government has eroded the credibility of Canada’s environmental reviews by narrowing their application, limiting public participation and slashing the capacity of the federal government to protect the environment. They have ended over 50 years of environmental oversight in Canada by repealing the Canadian Environmental Assessment Act so that the federal government can sidestep environmental reviews of potentially harmful projects. Without public trust, Canada’s environmental assessment processes are increasingly paralyzed. Not only are we not doing a good enough job at protecting our environment, we are not getting our resources to market. We need clear and efficient processes that have reasonable, evenhanded rules, clear beginning and end points and decisions that can be relied on. We will launch an immediate, public review of Canada’s environmental assessment processes. Based on this review, a Liberal government will

Autonomous haulage trucks on the move at Rio Tinto’s West Angelas iron ore mine in Australia’s Pilbara region.

TNM_Oct 05 2015 Issue.indd 1

See TECHNOLOGY / pg. 2 Autonomous haulage trucks on the move at Rio Tinto’s West Angelas iron ore mine in Australia’s Pilbara region.

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Editorial

Canadian Mining Hall of Fame

Discipline pays off / 4

Five new inductees / 5

OCTOBER 5–11, 2015 / VOL. 101 ISSUE 34 / GLOBAL MINING NEWS · SINCE 1915 / $3.99 / WWW.NORTHERNMINER.COM

Liberals, Greens Q&A on mining in Canada

Mining sector forced to innovate TECH CONFERENCE

| New technology stokes productivity gains, but ‘no silver bullet’

ELECTION 2015 | Credibility and accountability are top concerns

BY ALISHA HIYATE ahiyate@northernminer.com

he mining sector is facing a Darwinian moment, delegates at the first annual Technology and Innovation in Mining conference in Toronto heard in September. Just as species deal with changes in their climate, food sources or other circumstances, miners dealing with mounting cost, social and technical pressures must innovate if they want to survive, research group AMIRA International managing director Joe Cucuzza said. “If you look at Darwinian evolution, there are more species that go extinct than actually quickly adapt,” Cucuzza told the conference. “The point is that in our industry, we need to adapt quickly. Those that are slow to adapt, unfortunately, are going to go extinct.” The conference, organized by Dubai-

BY JOHN CUMMING jcumming@northernminer.com

15-09-29 8:10 PM

ith Canadians looking ahead to a federal election on Oct. 19, The Northern Miner submitted mining-related questions to the leaders of the four major political parties running across Canada. The following are the answers from the Liberal Party of Canada leader Justin Trudeau and Green Party of Canada leader Elizabeth May and their parties: The Northern Miner: In recent years the federal government has streamlined environmental permitting for miners by trying to avoid duplicating provincial efforts. Do you support this approach? Does the federal government have a unique role to play in avoiding catastrophic tailings dam failures, such as the Mount Polley spill in B.C. in 2014? Justin Trudeau/Liberal Party: The Harper government has eroded the credibility of Canada’s environmental reviews by narrowing their application, limiting public participation and slashing the capacity of the federal government to protect the environment. They have ended over 50 years of environmental oversight in Canada by repealing the Canadian Environmental Assessment Act so that the federal government can sidestep environmental reviews of potentially harmful projects. Without public trust, Canada’s environmental assessment processes are increasingly paralyzed. Not only are we not doing a good enough job at protecting our environment, we are not getting our resources to market. We need clear and efficient processes that have reasonable, evenhanded rules, clear beginning and end points and decisions that can be relied on. We will launch an immediate, public review of Canada’s environmental assessment processes. Based on this review, a Liberal government will

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See TECHNOLOGY / pg. 2 PM40069240

See TECHNOLOGY / pg. 2 Autonomous haulage trucks on the move at Rio Tinto’s West Angelas iron ore mine in Australia’s Pilbara region.

RIO TINTO PM40069240

See ELECTION / pg. 3

See ELECTION / pg. 3 15-09-29 8:10 PM

COAL OUTLOOK: WOOD MACKENZIE SEES RAY OF HOPE / 4

TNM_Oct 05 2015 Issue.indd 1

COAL OUTLOOK: WOOD MACKENZIE SEES RAY OF HOPE / 4

PM40069240

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RIO TINTO

See ELECTION / pg. 3

RIO TINTO



Room for improvement While organizations in the mining sector are generally seen as coping with the Covid-19 crisis well, there does seem to be room for improvement. When asked where performance of the organization during the crisis could be improved, the most common answer was related to communication with employees, clients, governments and communities (31 of 245 who answered). “Job security and loss of staff are likely the highest concerns in the consulting side of this industry. Short-term plans have been put in place and acted on; however, the uncertainty over long-term impacts requires additional communication to staff,” said one engineering consultant. Others indicated health and safety protocols and testing could be improved (12 people) with “faster implementation and reaction to changing government policies and those of equipment suppliers, contractors, etc., as the Covid situation evolves,” said one junior precious metals executive with assets in Mexico/Central America. While the pandemic has been widely seen as a catalyst to hasten digital transformation in the mining sector, several respondents flagged technical concerns that are holding their organizations back (seven people). “[We] could do more on adopting digital strategies and technology to be able to walk along with our min-

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Editorial

OCTOBER 5–11, 2015 / VOL. 101 ISSUE 34 / GLOBAL MINING NEWS · SINCE 1915 / $3.99 / WWW.NORTHERNMINER.COM

Liberals, Greens Q&A on mining in BY ALISHA HIYATE Canada ahiyate@northernminer.com

Mining sector W forced to innovate

ith Canadians looking ahead to a federal election on Oct. 19, The Northern Miner submitted mining-related questions to the leaders of the four major political parties running across CanTECH CONFERENCE | New technology stokes productivity gains, but ‘no silver bullet’ ada. The following are the answers from the Liberal Party of Canada ELECTION 2015 | BY ALISHA HIYATE leader Justin Trudeau and Green Party Credibility and ahiyate@northernminer.com accountability are of Canada leader Elizabeth May and top concerns their parties: he mining sector is facing a DarThe Northern Miner: In recent years winian moment, delegates at the BY JOHN CUMMING first annual Technology and Injcumming@northernminer.com the federal has streamlined novation in Mining conferencegovernment in Toronto heard in September. environmental permitting for miners ith Canadians looking Just as species deal with changes in byfood trying tooravoid ahead to a federal election their climate, sources other duplicating provinon Oct. 19, The Northern circumstances, miners dealing with efforts. Do you support this apMiner submitted mining-related quesmounting cial cost, social and technical tions to the leaders of the four major pressures must innovate ifDoes they want to federal government proach? the political parties running across Cansurvive, research group AMIRA Interhave adirector unique role to play in avoiding ada. The following are the answers national managing Joe Cufrom the Liberal Party of Canada cuzza said. catastrophic tailings dam failures, such leader Justin Trudeau and Green Party “If you look at Darwinian evolution, of Canada leader Elizabeth May and there are more that go extinct as species the Mount Polley spill in B.C. in their parties: than actually quickly adapt,” Cucuzza 2014?“The point is that The Northern Miner: In recent years told the conference. the federal government has streamlined in our industry, we need to adapt quickly. Justin Trudeau/Liberal Party: The environmental permitting for miners Those that are slow to adapt, unfortuby trying to avoid duplicating provinnately, are going to go extinct.” Harper government has eroded the cial efforts. Do you support this apThe conference, organized by Dubaicredibility of Canada’s environmental proach? Does the federal government See TECHNOLOGY / pg. 2 have a unique role to play in avoiding reviews by narrowing their application, catastrophic tailings dam failures, such Autonomous haulage trucks on the move at Rio Tinto’s West Angelas iron ore mine in Australia’s Pilbara region. as the Mount Polley spill in B.C. in limiting public participation and slash2014? ing the capacity of the federal governJustin Trudeau/Liberal Party: The Harper government has eroded the ment to protect the environment. credibility of Canada’s environmental reviews by narrowing their application, They have ended over 50 years of limiting public participation and slashing the capacity of the federal governenvironmental oversight in Canada ment to protect the environment. by repealing the Canadian EnvironThey have ended over 50 years of environmental oversight in Canada mental Assessment Act so that the by repealing the Canadian Environmental Assessment Act so that the federal government can sidestep enfederal government can sidestep environmental reviews of potentially vironmental reviews of potentially harmful projects. harmful projects. Without public trust, Canada’s environmental assessment processes are Without public trust, Canada’s enincreasingly paralyzed. Not only are vironmental assessment processes are we not doing a good enough job at protecting our environment, we are increasingly paralyzed. Not only are not getting our resources to market. We need clear and efficient processes we not doing a good enough job at that have reasonable, evenhanded protecting our environment, we are rules, clear beginning and end points and decisions that can be relied on. not getting our resources to market. We will launch an immediate, public review of Canada’s environmental We need clear and efficient processes assessment processes. Based on this that have reasonable, evenhanded review, a Liberal government will rules, clear beginning and end points See ELECTION / pg. 3 and decisions that can be relied on. We will launch an immediate, pubCOAL OUTLOOK: WOOD MACKENZIE SEES RAY OF HOPE / 4 lic review of Canada’s environmental assessment processes. Based on this review, a Liberal government will

VTEM™ ZTEM™ Gravity Magnetics Radiometrics Data Processing Interpretation

| New technology stokes productivity gains, but ‘no silver bullet’

| Credibility and accountability are top concerns OCTOBER 5–11, 2015 / VOL. 101 ISSUE 34 / GLOBAL MINING NEWS · SINCE 1915 / $3.99 / WWW.NORTHERNMINER.COM

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TECH CONFERENCE

ELECTION 2015

Liberals, Greens Q&A on mining in Canada

15-09-29 8:10 PM

SEPTEMBER 28–OCTOBER 11, 2020 / THE NORTHERN MINER

W . N OR TH ER N M I N ER . COM

New management brings ‘modern thinking’ to Bunker Hill mine LEADERSHIP

| Historic mine was surrounded by contaminated land

BY CARL A. WILLIAMS

cwilliams@northernminer.com

or over a century, the mines of Silver Valley in the Coeur d’Alene Mountains in northern Idaho have been a source of tremendous mineral wealth. From the mid-1880s, those mines have yielded almost 10 million tonnes of zinc, lead and silver. The region’s most famous mine, Bunker Hill, was first discovered in 1885 by Noah Kellogg. (In 1894, the nearby Milo prospecting camp was renamed in his honour, eventually leading to the establishment of Kellogg city.) Between 1887 and 1981, Bunker Hill was one of the most productive mines in America. The mine and its associated electrolytic zinc processing plant and lead smelter produced over 35 million tonnes of ore concentrate, with an average grade of 8.67% lead, 3.67% zinc, and 171.56 grams silver per tonne, including 165 million oz. silver as a by-product. However, the mine closed in 1981 due to a combination of low base metal prices and the cost of upgrading its processing and smelting operations to meet new environmental regulations introduced by the U.S. Environmental Protection Agency (EPA). In 1983, the EPA declared the Bunker Hill mine and smelter complex the country’s second-largest Superfund site. The EPA’s Superfund program is responsible for cleaning up some of the U.S.’s most contaminated land. Since its closure, the mine has been under care and maintenance. The lead smelter and zinc processing plant have been dismantled, and polluted water discharged from the shuttered mine has been treated by an EPA-run water treatment plant. In 2018, Bunker Hill Mining (CSE: BNKR; US-OTC: BHLL ), agreed to a deal with Placer Mining, the owners of the mine, as well as the EPA and the U.S. Department of Justice, to operate the mine without “incurring liability for any hazardous substances, pollutants or contaminants that migrated from the mine in the past.” Under the deal, the Canadian-based mining company agreed to pay the EPA US$20 million over seven years for historic water-treatment costs dealing with the mine’s effluent. On top of its lease-purchase agreement to Placer Mining, the company also agreed to make payments of US$80,000 per month to the EPA to continue running the water-treatment facility. Later that year, however, the company ran into financial difficulties. And on Oct. 1, after defaulting on US$400,000 in lease payments due at the end of September, the company terminated its lease and option agreement to acquire the mine property and Superfund site. In 2019, Bunker Hill Mining set about shoring up its finances and attracting capital investment through a series of equity financing agreements and loan facilities, and on Oct. 22 the company signed an amended lease agreement with an option to purchase the mine. Under the new agreement, the lease period was extended to Aug. 1, 2020, and the option to purchase was amended providing for a purchase price of US$11 million for 100% of the marketable assets of the mine, consisting of US$6.2 million in cash and US$4.8 million in shares of the company. Following the deal, the company continued its capital raising efforts,

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

closing several private placements and now has around US$20.4 million in working capital. In March 2020, Richard Williams, a former chief operating officer at Barrick (TSX: ABX; NYSE: GOLD), was appointed to the board of directors and executive chairman of the company. “I was excited to be joining the team and relished the opportunity to unlock the extraordinary potential of this remarkable asset,” Williams said in an interview. “We plan to verify, explore, and then develop the mine’s untapped high-grade silver potential.” Around a month after Williams joined, Sam Ash replaced John Ryan as the company’s president and CEO, with Ryan continuing to serve on the company’s board of directors. Before joining the company, Ash was a partner at Barrick. During his nine years with Barrick, he held various roles working on projects in the U.S., Zambia, and Tanzania. Ash, who had previously worked for Williams on several projects while the two were at Barrick, is now focussed on the ongoing exploration program and the digitization of the historical and geological mine data, with the plan to verify the mine’s resources to NI 43-101 standards. “Sam is a visionary mining leader with extensive and diverse experience in underground mining,” Williams noted. “He brings a modern approach and a transformational vision for the mine. And it will be like coming home for Sam.” Williams was referring to Ash’s father, who worked as a mechanical engineer at the mine in the 1970s. “One of the key aspects for me is to change the value proposition for the mining industry, and the vision mining offers to the world,” Ash said. “Traditionally, the industry has been about delivering value to shareholders but typically at a cost to the environment and local communities.” The value proposition for local communities, he added, has focussed almost exclusively on employment. Ash, however, believes this needs to change. “The Bunker Hill mine offers an opportunity to take a project that has had a challenging past both environmentally and socially and approach it in a completely different way by offering an entirely different value proposition,” he said. He added that the mine represents an analogue for many other opportunities that exist globally by taking

historic mining properties that still have significant mineral endowment but are challenged by poor environmental records or challenging relationships with governments or local stakeholders. “With the right management approach, modern thinking, systems, practices and modern approaches to engagement, you can generate a tremendous amount of value across the whole stakeholder spectrum,” Ash added. Before joining Bunker Hill Mining, both Williams and Ash spent over a year reviewing many projects around the world that were

distressed, either because they were undercapitalised, run by people who couldn’t raise cash, or were located in challenging parts of the world. “It was quite remarkable to find this opportunity in Idaho, particularly as it is in a safe jurisdiction,” Williams said. “Although the mine is perceived as being distressed given its current situation, these stressors are somewhat overblown, and we are dealing with them effectively.” Shortly after Williams and Ash joined Bunker Hill Mining, the company commenced a 4,572-metre diamond drilling campaign and a 1,219-metre channel sampling program. “Both programs were designed to provide confirmation data on mineral resources at the mine’s UTZ, Newgard, and Quill ore zones,” Ash said. The drilling campaign, he added, first concentrated on the UTZ zone, located on levels five and six of the underground mine, with concurrent channel sampling in some of the open stopes cut into the zone. The drilling then shifted down to level nine and focussed on the Quill zone, the largest known body in the mine, and covered around 3,048 metres from four to five drill stations in the mine. Channel sampling was also conducted on the Newgard zone, the second-largest known orebody, between the seventh and eleventh levels. “We anticipate discovering significant silver mineralization within range of existing infrastructure at the property,” Ash said. Around 2,680 metres of the undergrounding drilling has been com-

pleted, and 755 channel samples have been collected, with the results expected soon. “We anticipate releasing the results soon as well as analysis of the historical data, which will include previous untested exploration opportunities,” Ash said. “The results will form the basis of our ongoing exploration targeting the silver potential of the mine.” He added that several historical drill intercepts had already helped to inform the next phase of the exploration program. The company has also initiated a program to digitize historic mine data, providing the mine with the first 3D geological model over its nearly 100-year history, Ash noted. On Aug. 12, the company announced an extension of the lease for a further 18 months, in addition to a six-month extension previously announced. The extension, Ash said, will provide the company with more time to compile and digitize the historical and geological data, verify historical reserves, and explore the high-grade silver targets on the property. “Over the last six months there has been more activity on the ground at Bunker Hill than in the last 20 years,” Dave Kriedeman, president of Placer Mining, commented in the Aug 12. press release. “The Placer Mining Corporation is very excited to be partnered with Sam Ash and his new Bunker Hill team who we feel will successfully highlight the remarkable untapped value in this mine as the first step in bringing it back into production,” he added. TNM

DeepGreen partners with scientists on seafloor discovery program DEEP-SEA MINING BY CECILIA JAMASMIE

MINING.com

eepGreen Metals has formed partnerships with scientific research institutions and universities on its deep-sea discovery program to characterize the potential impacts of lifting polymetallic nodules from the bottom of the Clarion Clipperton Zone (CCZ) of the Pacific Ocean. In April, the Canadian start-up, which plans to extract cobalt and other battery metals from the seafloor, added a new area to its seabed portfolio, when it acquired Tonga Offshore Mining Ltd. (TOML), giving the company exploration rights to a 74,713 sq. km block of CCZ seabed that reportedly contains an inferred resource of 756 million wet tonnes of polymetallic nodules. The research program will involve over 100 researchers to study the entire water column — from seabed to surface — involving ROVs, nets, sail drones and sophisticated sensors and moorings. Experts from the U.K. National Oceanography Centre, Natural History Museum (London), University of Gothenburg, University of Leeds, Heriot-Watt University-the Lyell Centre, Florida State University, University of Hawaii, Japan Agency for Marine-Earth Science and Tech-

| Over 100 ocean researchers involved nology, and Texas A&M will join the program, while maintaining their academic independence, DeepGreen said. The battery metals company is investing over US$60 million to accelerate a collaborative program to address outstanding questions on the potential environmental impacts of collecting polymetallic nodules from the deep seabed in the Pacific Ocean. The program will include dozens of studies of pelagic and benthic biology, bathymetry and ecosystem function of the CCZ as part of DeepGreen’s environmental and social impact assessment (ESIA) for the proposed polymetallic nodule collection project. The data collected will enable informed decision-making and regulatory development in advance of the start of a new resource industry, which DeepGreen says has the potential to provide billions of tonnes of critical battery metals required for the global transition to clean energy. The participation of independent scientific institutions in DeepGreen’s ESIA underscores the company’s commitment to transparency during the exploration phase of an industry that some NGOs oppose on the grounds that there is insufficient information about the deep sea to make informed decisions about the impacts of mining.

“This is a collaboration of the best minds in ocean science coming together to answer many important questions about deep-sea ecosystem function and connectivity throughout the water column,” said DeepGreen chief ocean scientist Dr. Greg Stone in a media statement. “The program will enable DeepGreen to put forward a rigorous, peer-reviewed environmental impact statement to the International Seabed Authority.” One of the primary concerns that researchers will address is the impact of sediment plumes on deep-ocean fauna throughout the water column, and at varying spatial and temporal scales. The global team of environmental scientists will work to deliver a state baseline biological survey of DeepGreen’s NORI exploration area to meet or exceed international regulatory requirements under the International Seabed Authority (ISA), established by the UN Convention on the Law of the Sea (UNCLOS). DeepGreen will use the insights gained from the survey to inform engineering decisions in order to further develop technologies to collect and uplift polymetallic nodules with as little impact as possible to the ocean. TNM — This article first appeared in MINING.com, part of the Glacier Resource innovation Group

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

Now Available in Spanish

Order Your Copy Today!

Call 1-888-502-3456 or email info@northernminer.com

SEPTEMBER 28–OCTOBER 11, 2020 / THE NORTHERN MINER

W . N OR TH ER N M I N ER . COM

M A R K E T N EWS TORONTO STOCK EXCHANGE / SEPTEMBER 14 – SEPTEMBER 18 The S&P/TSX Composite Index fell 0.15% to 16,198.97 during the Sept. 14-18 trading week. The S&P/TSX Global Mining Index rose 0.52% to 101.18, and the S&P/TSX Global Base Metals Index climbed 4.60% to 111.15. Spot gold rose US$8.80 per oz., or 0.45%, to US$1,948.90 per oz., and the S&P/TSX Global Gold Index dropped by 1.14% to 376.32. MAG Silver rose $2.66 to $23.36 per share. The company announced an agreement to acquire 100% of the Deer Trail carbonate replacement deposit (CRD) in Piute County, Utah. The 5,600-hectare project encompasses the historic Deer Trail mine and Alunite Ridge area. This is the first time that the properties have been consolidated since the early 1980s, allowing MAG Silver to apply district-scale exploration on the property. The company’s geological model suggests that the high-grade silver, gold, lead, zinc, and copper CRD sulphides of the Deer Trail mine are linked by continuous mineralisation to a porphyry copper-molybdenum center lying to the west of Alunite Ridge. Shares of Teck Resources jumped $3.19 to $20.33. The company signed a long-term agreement that will provide its Carmen de Andacollo copper operation in central Chile with 100%

renewable power, eliminating 200,000 tonnes of greenhouse gas emissions. Under the agreement with AES Corp., the operation will be supplied with 72 MW annually from AES’s portfolio of wind, solar and hydroelectric energy starting this month until the end of 2031. Carmen de Andacollo currently has a mine life extending to 2035. The diversified miner has pledged to become a carbon neutral operator by 2050. To achieve that goal, it intends to source all the power for its Chilean operations from renewable sources by 2030 and reduce the carbon intensity of its operations by 33% by 2030. Equinox Gold’s shares rose $1.87 to $17.05 per share. The company announced that it has completed construction of the Phase 1 mine at TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy Wallbridge Mng New Gold Kinross Gold Barrick Gold First Quantum B2Gold Corp SSR Mining Teck Res Alacer Gold

SU 63627 WM 53436 NGD 41007 K 38907 ABX 31976 FM 29269 BTO 22850 SSRM 22019 TECK.B 19989 ASR 19861

18.37 1.33 2.71 13.59 40.16 14.85 9.34 30.54 20.55 9.91

WEEK LOW CLOSE CHANGE

17.36 1.15 2.41 11.76 38.02 12.35 8.55 27.54 16.80 8.89

17.64 1.21 2.47 13.09 38.02 14.61 8.97 28.71 20.33 9.47

+ + + + + + + +

0.55 0.06 0.10 1.49 1.22 1.89 0.54 1.50 3.19 0.64

its Castle Mountain gold mine in California. Irrigation of the leach pad is underway and the company expects to pour first gold in the fourth quarter of the year. Pre-production mining began in June, and the company has stacked more than 1.4 million tonnes of mineralized material on the leach pad. Loaded carbon from Castle Mountain will be processed in the carbon stripping and smelting plant at

the company’s Mesquite mine, 322 km to the south. The Castle Mountain Phase 1 mine is a fully-permitted, run-of-mine heap operation that will process around 12,700 tonnes of ore per day and produce an average of 45,000 oz. of gold a year. A feasibility study for the potential Phase 2 expansion, which is expected to produce 200,000 oz. of gold annually, is slated for completion by the end of the year. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Starcore Intl Nickel Creek Lithium Amer Loncor Res Talon Metals Titan Mining Orosur Mng Generation Min Taseko Mines Calibre Mng Condor Gold Anglo Pac Grp Northcliff Res Silver Bull Re NextSource Mat Pine Cliff En McEwen Mng Eastern Platin Potash Ridge Nighthawk Gold

SAM NCP LAC LN TLO TI OMI GENM TKO CXB COG APY NCF SVB NEXT PNE MUX ELR SOP NHK

1064 0.29 3338 0.22 5505 14.78 558 0.89 3445 0.34 548 0.75 524 0.12 3764 0.61 2887 1.76 2700 2.19 59 1.31 38 2.30 2547 0.04 2272 1.01 2001 0.04 1056 0.21 2918 1.71 79 0.48 3434 0.05 835 1.54

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.16 0.12 9.35 0.57 0.26 0.53 0.09 0.47 1.37 1.79 0.96 2.01 0.03 0.11 0.03 0.17 1.46 0.40 0.04 1.36

0.28 0.19 14.25 0.78 0.33 0.72 0.11 0.57 1.73 2.19 0.96 2.04 0.03 0.90 0.04 0.19 1.47 0.40 0.05 1.39

+ + + + + + + + + + -

69.7 60.9 53.2 36.8 34.7 30.9 29.4 26.7 24.5 23.0 26.2 18.1 14.3 13.5 12.5 11.9 11.4 11.1 10.0 9.7

Lithium Amer Teck Res Teck Res MAG Silver Nutrien First Quantum Equinox Gold Eldorado Gold SSR Mining Kinross Gold Franco-Nevada Agnico Eagle Wheaton Prec M Newmont Corp Kirkland Lake Victoria Gold Barrick Gold Centerra Gold Cameco Corp Suncor Energy

LAC TECK.B TECK.A MAG NTR FM EQX ELD SSRM K FNV AEM WPM NGT KL VGCX ABX CG CCO SU

5505 19989 22 1390 12792 29269 18912 6243 22019 38907 3082 5148 6099 416 6963 2266 31976 5671 7737 63627

WEEK CLOSE

14.25 20.33 22.12 23.36 54.99 14.61 17.05 15.63 28.71 13.09 188.01 106.09 67.53 85.62 67.65 16.49 38.02 15.53 13.87 17.64

CHANGE

+ + + + + + + + + + -

4.95 3.19 3.12 2.66 2.62 1.89 1.87 1.59 1.50 1.49 3.08 2.21 2.20 1.95 1.75 1.28 1.22 0.94 0.55 0.55

TSX VENTURE EXCHANGE / SEPTEMBER 14 – SEPTEMBER 18 The S&P/TSX Venture Composite Index climbed 1.64% to finish the Sept. 14-18 trading week at 745.37. Spot gold closed the week at US$1,988.90 per oz., up US$8.80 per oz. or 0.45%. Shares of Aurania Resources jumped 86¢ to $4.78. The company announced that drilling has started at its Tsenken N2 copper-silver target at its Lost Cities – Cutucu project in southeastern Ecuador. The company is using a light-weight man-portable rig that has the capacity to drill to 800 metres. The first drill holes are planned to a depth of about 400 metres and after three to five holes are drilled, the company plans to move the rig to test its Tsenken N3 target. High-grade drill results from its Pahtavaara project in Finland’s Lapland Greenstone Belt sent shares of Rupert Resources up 67¢ to $3.47. Highlights from drilling its Ikkari discovery at the project included 3 grams gold per tonne over 171.2 metres starting from 19.8 metres (15 vertical metres) including 6 grams gold over 20 metres and 18.1 grams gold over 1 metre in drill hole 120069. Drill hole 120070 cut 2.1 grams gold over 143.6 metres from 70.4 metres (52 vertical metres) and drill hole 120072 intersected 1.5 grams gold over 200.9

metres from 9.1 metres (six vertical metres). O3 Mining increased 57¢ to $2.97. Earlier this month the company released results from a preliminary economic assessment for its 100%-owned Marban project in Quebec. The PEA outlined an 11,000-tonne-per day open pit operation with a mine life of 15.2 years. The first 12 years will target production in excess of 130,000 oz. gold per year peaking at 161,000 oz. in year nine, for an annual average of 115,000 ounces. Cash costs are expected to run to US$741 per oz. and all-in sustaining costs to US$822 per ounce. Initial capex of $256 million can be paid back (after-tax) in four years. At a long-term gold price of US$1,450 per oz., Marban should yield an after-tax net present TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Giga Metals K92 Mining Manganese X Klondike Silv Manitou Gold QMX Gold Fuse Cobalt TomaGold Uragold Bay Rs AbraPlata Res

GIGA KNT MN KS MTU QMX FUSE LOT HPQ ABRA

39873 24376 20961 10646 9954 8575 8101 7975 6707 6638

2.44 8.42 1.11 0.09 0.07 0.25 0.07 0.10 0.43 0.37

WEEK LOW CLOSE CHANGE

0.98 7.13 0.30 0.07 0.05 0.19 0.04 0.06 0.31 0.32

1.16 7.89 0.81 0.08 0.06 0.21 0.04 0.07 0.41 0.35

+ + + + + -

0.49 0.05 0.53 0.02 0.01 0.03 0.03 0.01 0.01 0.01

areas of the project, including the Moody Hill zone. Previously, the company completed 25 drill holes (5,188 metres) over a 1.8 km strike length, with highlights of 10.75% manganese over 52.6 metres in drill hole SF-16-05; 12.96% manganese over 32.85 metres in SF-16-08; and 9.39% manganese over 74 metres in drill hole SF-17-18. TNM

value at a 5% discount rate of $423 million and an internal rate of return of 25.2%. Shares of Manganese X Energy rose 53¢ to 81¢. The junior announced it was starting a 20-hole (3,000 metre) drill program at its Battery Hill manganese project in New Brunswick within the next three weeks. The program will focus on near surface, higher grade

TSX-V GREATEST VALUE CHANGE

TSX-V GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

IEMR Res Manganese X Kanadario Gold NSGold Northern Uran RT Minerals Komet Resource Equitorial Ex Jayden Res Equity Metals Fuse Cobalt Upper Canyon CopAur Min Stakeholdr Gld Blue River Res Azimut Explor Encanto Potash Giga Metals New Placer Milner Con Slv

IRI MN KANA NSX UNO.H RTM KMT LWR JDN EQTY FUSE UCM.H CPAU SRC BXR AZM EPO.H GIGA NGLD MCA.H

2172 20961 1215 265 3261 1911 517 659 1704 3849 8101 110 435 212 302 3085 174 39873 1715 14

0.04 1.11 0.44 0.69 0.02 0.14 0.25 0.24 0.09 0.20 0.07 0.16 0.21 0.28 0.02 1.88 0.09 2.44 0.68 0.11

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.02 0.30 0.20 0.21 0.01 0.08 0.14 0.01 0.05 0.11 0.04 0.14 0.13 0.18 0.01 1.15 0.07 0.98 0.44 0.11

0.04 0.81 0.41 0.45 0.01 0.14 0.25 0.18 0.07 0.18 0.04 0.15 0.14 0.19 0.01 1.25 0.07 1.16 0.45 0.11

+ 250.0 + 189.3 + 127.8 + 114.3 + 100.0 + 92.9 + 85.2 + 80.0 + 75.0 + 59.1 - 42.9 - 40.0 - 38.6 - 37.3 - 33.3 - 30.6 - 30.0 - 29.7 - 29.7 - 26.7

Abitibi Royal Aurania Res Cornerstone Ca Rupert Res O3 Mining Artemis Gold Manganese X Novo Res Tanqueray Expl Metalla Rylty Great Bear Res Azimut Explor Giga Metals Callinex Mines Tudor Gold Starr Peak Exp Hemlo Expl New Placer American Lith Teuton Res

RZZ ARU CGP RUP OIII ARTG MN NVO IPA MTA GBR AZM GIGA CNX TUD STE HMLO NGLD LI TUO

WEEK CLOSE

33 25.50 412 4.78 147 5.81 940 3.47 638 2.97 951 6.85 20961 0.81 2421 3.87 3327 2.33 377 11.15 333 16.84 3085 1.25 39873 1.16 114 2.85 949 3.00 512 2.40 330 0.78 1715 0.45 1749 1.17 291 3.18

CHANGE

+ + + + + + + + + + -

2.50 0.86 0.71 0.67 0.57 0.56 0.53 0.51 0.44 0.43 1.03 0.55 0.49 0.34 0.33 0.27 0.20 0.19 0.17 0.17

U.S. MARKETS / SEPTEMBER 14 – SEPTEMBER 18 The Dow Jones Industrial Average fell 0.03% to finish the Sept. 14-18 trading week at 27,657.42 and the S&P 500 Index dropped by 0.84% to 3,319.47. Spot gold climbed US$8.80 per oz., or 0.45%, to US$1,948.90 per ounce from the previous week. Vale was the most heavily traded stock of the week. The company informed its creditors on Sept. 14 that it will repay the outstanding balance of US$5 billion from its revolving credit lines maturing in June 2022 (US$2 billion) and in December 2024 (US$3 billion), which were disbursed in March 2020. Vale’s shares fell US16¢ to US$11.51. Shares of Kinross Gold jumped US$1.20 to US$10 per share. The company unveiled its three-year production guidance and declared a dividend of US3¢ per common share payable on Oct. 22 2020. The company expects to produce 2.4 million gold-equivalent ounces in 2021, 2.7 million oz. in 2022 and 2.9 million oz. in 2023 – representing an increase of 20% over the three-year period. The company said the production growth was based on additional ounces it expects from Kupol, a life of mine extension at Chirano, enhancements to its mine plan for Fort Knox, continued outperformance

at Paracatu and higher production from Bald Mountain. CEO J. Paul Rollinson said the increase “is indicative of the strength of our portfolio and our ability to optimize mine plans and find value-enhancing opportunities,” and noted the company is “also studying further organic development options.” Eldorado Gold’s shares rose US$1.17 to US$11.81 on no news. On Sept. 8 the company reported that it had completed the redemption of $58.6 million of its senior secured notes. Shares of Yamana Gold rose US10¢ to US$6.12. Yamana was included in this year’s TSX30 ranking of top performing stocks on the U.S. MOST ACTIVE ISSUES VOLUME (000s)

Vale* VALE 177685 Freeport FCX 117692 McMoR* Barrick Gold* GOLD 100318 Kinross Gold* KGC 88630 United States S* X 74869 Yamana Gold* AUY 70758 Sibanye-Stillw* SBSW 64586 Cleveland-Clif* CLF 58165 Chevron Corp* CVX 56143 Gold Fields* GFI 53108

HIGH

WEEK LOW CLOSE CHANGE

12.08 17.50

11.39 11.51 - 0.16 16.26 17.00 + 0.73

30.54 10.32 9.25 6.43 13.37 7.32 79.48 14.90

28.81 8.90 7.17 6.05 12.03 6.11 75.96 13.09

28.89 10.00 8.82 6.12 12.26 6.95 78.21 13.09

+ + + + + +

0.86 1.20 1.62 0.10 1.08 0.87 0.52 0.22

Toronto Stock Exchange. Founded in 2019, the TSX30 ranks stocks based on dividend-adjusted share price appreciation over a three-year period. Yamana’s shares posted a 142% gain over the period. The company also noted in a Sept. 15 press release that it has reduced net debt by US$991 million in the past four quarters and over the past year has raised its dividend

four times for a cumulative increase of 250%. Barrick Gold fell US86¢ to US$28.89 per share on news that Chile’s environmental court ordered the definitive closure of the company’s giant Pascua-Lama gold-silver project. The project has been on hold since 2013 over environmental concerns. Barrick said it will not appeal the decision. TNM U.S. GREATEST VALUE CHANGE

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

Lithium Amer* Peabody Enrgy* Arch Coal* CONSOL Energy* United States S* Teck Res* Cleveland-Clif* Kinross Gold* Intrepid Pots* Eldorado Gold* DRDGOLD* McEwen Mng* Nexa Resources* Sibanye-Stillw* Harmony Gold* AngloGold Ash* Alcoa* Cameco Corp* Suncor Energy* Wheaton Prec M*

LAC BTU ARCH CEIX X TECK CLF KGC IPI EGO DRD MUX NEXA SBSW HMY AU AA CCJ SU WPM

24083 21775 2311 2017 74869 29131 58165 88630 639 15270 3585 35903 219 64586 42536 12702 28751 9740 50005 10209

11.22 4.17 53.55 6.01 9.25 15.60 7.32 10.32 10.68 12.20 14.41 1.31 7.88 13.37 6.62 30.60 14.39 11.53 13.95 54.83

VOLUME (000s)

WEEK LOW CLOSE CHANGE

7.14 2.78 41.12 4.46 7.17 12.75 6.11 8.90 8.88 10.81 11.92 1.10 6.26 12.03 5.50 27.06 13.21 10.43 13.13 51.11

10.31 4.07 52.90 5.75 8.82 15.41 6.95 10.00 10.52 11.81 11.98 1.10 6.52 12.26 5.53 27.17 13.32 10.48 13.34 51.19

+ + + + + + + + + + -

47.1 39.9 29.9 25.3 22.5 18.5 14.3 13.6 13.1 11.0 13.8 12.7 9.6 8.1 7.8 5.8 4.7 4.2 3.2 3.1

MartinMarietta* MLM Arch Coal* ARCH Lithium Amer* LAC Teck Res* TECK Nutrien* NTR United States S* X Intrepid Pots* IPI Kinross Gold* KGC Natural Res Pt* NRP Eldorado Gold* EGO Franco-Nevada* FNV DRDGOLD* DRD AngloGold Ash* AU Wheaton Prec M* WPM Newmont Corp* NEM Agnico Eagle* AEM Kirkland Lake* KL Sibanye-Stillw* SBSW Barrick Gold* GOLD Nexa Resources* NEXA

3130 2311 24083 29131 8762 74869 639 88630 74 15270 4366 3585 12702 10209 32860 10120 8006 64586 100318 219

WEEK CLOSE

CHANGE

225.22 52.90 10.31 15.41 41.59 8.82 10.52 10.00 12.00 11.81 142.84 11.98 27.17 51.19 64.71 80.72 51.32 12.26 28.89 6.52

+ 15.30 + 12.18 + 3.30 + 2.41 + 1.84 + 1.62 + 1.22 + 1.20 + 1.18 + 1.17 - 2.08 - 1.91 - 1.67 - 1.66 - 1.51 - 1.46 - 1.18 - 1.08 - 0.86 - 0.69

G LOBAL M I N I N G

N EW S

THE NORTHERN MINER / SEPTEMBER 28–OCTOBER 11, 2020

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 LME WAREHOUSE LEVELS

PRODUCER AND DEALER PRICES

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sep 17 2020 (change from Sep 14, 2020 in brackets): Aluminium Alloy 5880 (0) Aluminium 1506425 (-10075) Copper 78750 (+4875) Lead 136650 (+6000) Nickel 236988 (-36012) Tin 5550 (-80) Zinc 219525 (-175)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$59.50 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.70 Cobalt: US$15.41/lb. Copper: US$3.10/lb. Copper: CME Group Futures October 2020: US$3.07/lb.; November 2020: US$3.08/lb Iridium: NY Dealer Mid-mkt US$1,645.00/tr oz. Iron Ore 62% Fe CFR China-S: US$120.00 Lead: US$0.86/lb. Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$14,200.00 tr. oz. Ruthenium: Mid-mkt US$270.00/tr. oz. Silver: Handy & Harman Base: US$24.52 per oz.; Handy & Harman Fabricated: US$30.65 per oz. Tin: US$8.24/lb. Uranium: U3O8, Trade Tech spot price: US$30.50 per lb. U308 Zinc: US$1.14/lb. Prices current Sept. 22, 2020

TSX SHORT POSITIONS

DAILY METAL PRICES Date Sep 18 Sep 17 Sep 16 Sep 15 BASE METALS (London Metal Exchange – Midday official cash/3-month prices, US$ per tonne) Al Alloy 1440/1465 1450/1475 1455/1475 1400.50/1440 Aluminum 1745/1785 1743.50/1783 1759/1798 1767/1806.50 Copper 6833.50/6801 6761/6737.50 6776/6757 6813.50/6800.50 Lead 1889/1917.50 1851/1882 1883.50/1912 1909.50/1938.50 Nickel 14908/14963 14895/14952 15160/15183 15218/15273 Tin 18170/18160 18150/18159 18245/18266 18165/18185 Zinc 2512/2530 2466.50/2484 2505/2526 2503.50/2524.50 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1954.75 1936.10 1964.80 Gold PM 1950.85 1936.25 1961.80 Silver 27.06 26.75 27.38 Platinum 939.00 940.00 971.00 Palladium 2321.00 2343.00 2407.00

Sep 17 1.3151 0.7604

Sep 16 1.3182 0.7586

Sep 15 1.3193 0.7580

Exchange rates (Quote Media, September 18, 2020) C$ to AUS C$ to EURO C$ to YEN 1.0386 0.6396 79.1921 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5863 5.1261 55.6882 US to AUS US to EURO US to YEN 1.3715 0.8446 104.5725 US to UK Pound US to China Yuan US to India Rupee 0.7742 6.7690 73.6102

1963.55 1949.35 27.55 975.00 2343.00

1440/1480 1749/1787.50 6788/6762 1873.50/1900 15090/15134 18100/18114 2454.50/2476.50

1942.30 1958.70 26.89 947.00 2339.00

Sep 14 1.3177 0.7589

C$ to Mex Peso 16.0061 C$ to Swiss Franc 0.6902 US to Mex Peso 21.1355 US to Swiss Franc 0.9116

C$ to SA Rand 12.3650 C$ to S. Korea Won 882.5979 US to SA Rand 16.3270 US to S. Korea Won 1165.0000

CANADIAN GOLD MUTUAL FUNDS FundName Sep 18 ($) BMO Prec Mtls Fd A 32.91 BMO ZGD 90.57 BMO ZJG 87.87 CIBC Prec Metal Fd A 18.48 Dyn Prec Metls Fd A 14.87 Harvest HGGG 38.23 Horizons HEP 39.44 IG MacGbPreMetCl A 18.21 iShares XGD 23.50 Mac Prec Met Cl A 88.21 NBI PrecMetFd Invt 24.60 NPT Go&PrMinFd A 67.41 NPT SilverEquCl A 11.49 RBC GblPreMetFd A 71.00 RBC GblPreMetFd Adv 71.50 Sentry Pre Met Fd A 65.82 TD Prec Mtl Fd Inv 61.93

Sep 11 ($) 32.38 89.05 84.94 18.40 14.43 37.71 39.31 17.76 23.77 86.01 24.51 64.99 11.29 69.51 70.00 63.53 61.59

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

sh @ $36.5 to Feb 18/22 Platinum Group Metals Ltd. (PTM.WT.U) One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry. Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry. Sherritt International Corporation (S.WT) Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 2018-0062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22

Change ($) 0.53 1.52 2.93 0.08 0.45 0.52 0.13 0.45 -0.27 2.20 0.09 2.43 0.21 1.49 1.50 2.29 0.34

Change (%) 1.65 1.70 3.45 0.44 3.09 1.39 0.33 2.52 -1.13 2.56 0.37 3.73 1.86 2.14 2.14 3.60 0.55

YTDChange (%) 43.28 44.57 39.03 48.09 62.54 54.48 36.18 56.00 46.85 57.88 48.53 64.31 78.42 58.40 58.38 63.50 45.23

MER (%) 2.41 0.61 0.60 2.43 2.73 0.94 0.83 2.66 0.61 2.52 2.46 3.19 2.98 2.10 2.09 2.32 2.27

TSX VENTURE WARRANTS ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share. American Cumo Mining Corp. (MLY.RT) - 2 rights and $0.07 are required to purchase one share Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share. Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share. Avidian Gold Corp. (AVG.RT) - Three rights and $0.11 are required to purchase one Share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.50 per share. Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp. (CDB.RT) - One (1) Right exercisable for One (1) Rights Share at $0.05 per Share. Equinox Gold (EQX.WT) - One warrant to

Sep 14

EXCHANGE RATES Sep 18 1.3204 0.7573

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

TSX VENTURE SHORT POSITIONS Short positions outstanding as of Aug 31, 2020 (with changes from Aug 15, 2020) Largest short positions Discovery Met DSV 5654333 415096 8/15/2020 Mako Mining MKO 5488737 -272786 8/15/2020 AbraPlata Res ABRA 4936035 1160731 8/15/2020 Novo Res NVO 4897798 106802 8/15/2020 Dolly Vard Sil DV 4693633 1367691 8/15/2020 Portofino Res POR 3850460 3336947 8/15/2020 Lion One Mtls LIO 3072599 842454 8/15/2020 Minaurum Gold MGG 2578164 670153 8/15/2020 IMPACT Silver IPT 2317565 -64947 8/15/2020 K92 Mining KNT 2278699 1365526 8/15/2020 East Asia Mnls EAS 2241473 1654211 8/15/2020 Ely Gold Royal ELY 2191359 101652 8/15/2020 Oceanus Res SLVR 2160981 1763125 8/15/2020 Arcturus Vent MILE 1628830 1170768 8/15/2020 Great Bear Res GBR 1450440 -58721 8/15/2020 Largest increase in short position Portofino Res POR 3850460 3336947 8/15/2020 Oceanus Res SLVR 2160981 1763125 8/15/2020 East Asia Mnls EAS 2241473 1654211 8/15/2020 Dolly Vard Sil DV 4693633 1367691 8/15/2020 K92 Mining KNT 2278699 1365526 8/15/2020 Largest decrease in short position Zinc One Res Z 348 -1384652 8/15/2020 Aurcana Silver AUN 1340692 -1051845 8/15/2020 Noram Vent NRM 108000 -1044298 8/15/2020 MacDonald Mns BMK 215174 -902526 8/15/2020 Nexus Gold NXS 103281 -900716 8/15/2020

Short positions outstanding as of Aug 31, 2020 (with changes from Aug 15, 2020) Largest short positions New Gold NGD 15829392 1044249 8/15/2020 Kinross Gold K 15163272 -790065 8/15/2020 Nexgen Energy NXE 13048694 -38018 8/15/2020 Suncor Energy SU 11772714 -14104053 8/15/2020 Yamana Gold YRI 11723899 -705246 8/15/2020 Premier Gold M PG 11359433 -703746 8/15/2020 Ivanhoe Mines IVN 11310105 -661874 8/15/2020 Fortuna Silvr FVI 10576651 501974 8/15/2020 Barrick Gold ABX 10154201 -4958177 8/15/2020 Teck Res TECK.B 9798734 -531029 8/15/2020 Lundin Mng LUN 9177276 521406 8/15/2020 Wheaton Prec M WPM 9053414 -1195362 8/15/2020 First Quantum FM 8179998 -521028 8/15/2020 Equinox Gold EQX 6795543 293764 8/15/2020 Sandstorm Gold SSL 6791729 63426 8/15/2020 Largest increase in short position Silver Eleph ELEF 6474649 4848571 8/15/2020 Wallbridge Mng WM 4996901 1519421 8/15/2020 B2Gold Corp BTO 5173903 1206336 8/15/2020 Americas Silvr USA 2674769 1144281 8/15/2020 New Gold NGD 15829392 1044249 8/15/2020 Largest decrease in short position Suncor Energy SU 11772714 -14104053 8/15/2020 Barrick Gold ABX 10154201 -4958177 8/15/2020 Josemaria Res JOSE 47332 -3132836 8/15/2020 Nevada Copper NCU 1309469 -1776638 8/15/2020 Jaguar Mng JAG 283385 -1522018 8/15/2020

Date US$ in C$ C$ in US$

TSX WARRANTS

TotalAssets (M$) 69.39 272.72 139.83 77.79 730.80 9.54 48.02 1605.64 90.56 44.66

615.07 3.58 476.67 187.55

purchase one common share at $3.00 per share. Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit. Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 per share. Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share. Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share. JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share. LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit. Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per share. Maple Gold Mines Ltd. (MGM.WT) - One

warrant to purchase one common share at $0.40 per share Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at $0.12 per share. Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share. Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share. Sandfire Resources America Inc. (SFR.RT) Eight (8) Rights exercisable for One (1) share at $0.06 per unit. Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share. Trek Mining (TREK.WT) - Wt buy sh @ $3.00 to Oct 06/21 Ucore Rare Metals Inc. (UCU.RT) - One (1) right exercisable for one share at $4.00 per share. Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share. Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NEW 52-WEEK HIGHS AND LOWS SEPTEMBER 14-18, 2020 Chakana Copper* Champion Iron Champion Iron* China Gold Int Clean Comm* Cliffmont Res Condor Res* Conquest Res Conquest Res * Copper Mtn Mng Copper Mtn Mng* Coral Gold Coral Gold * Cornerstone Ca Cornerstone Ca* Cross River Damara Gold* Defiance Silvr Defiance Silvr* Desert Mtn Egy District Metal Dixie Gold Edgewater Expl Eloro Res Eloro Res* Endeavour Mng Endeavour Mng* Equitorial Ex Equity Metals Equity Metals* Essex Minerals Euro Manganese Finlay Minrls Firestone Vent Fireweed Zinc Fireweed Zinc* First Point* First Quantum First Vanadium First Vanadium* Fortuna Silvr Fortuna Silvr* Fortune Mnrls* Freeman Gold* Freeport McMoR* Gaia Metals* Gambier Gold Generation Min

265 New Highs Abcourt Mines Abcourt Mines* Abitibi Royal Abitibi Royal* Agnico Eagle Agnico Eagle* Alaska Pac Egy* Aldebaran Res Aldebaran Res* Almaden Min Almaden Min* Altamira Gold Altamira Gold* AMV Capital Argentina Lith* Artemis Gold Artemis Gold* Aurania Res Aurania Res* Aurcana Silver Aurcana Silver* Austral Gold* Bam Bam Res Bam Bam Res* Banyan Gold* Bard Ventures* Barksdale Res Belo Sun Mng Belo Sun Mng* Benz Mining Benz Mining* BlueBird Batt Bullfrog Gold Bullfrog Gold* Cabral Gold Calibre Mng Canarc Res Canarc Res* CaNickel Mng CaNickel Mng* Canstar Res Canstar Res* Canuc Res Canuc Res* Capitan Mining Capstone Mng Chakana Copper

Generic Gold Genius Metals GGL Res Giga Metals Giga Metals* Global Energy Globex Mng Globex Mng* Gold Bull Res Gold Bull Res* Gold Fields* Gold Port Gold79 Mines Gold79 Mines* Goldcore Res Golden Goliath Golden Goliath* Golden Lake Golden Valley* Graycliff Exp Green River* GSP Resource Hanna Capital Harfang Explor HighGold Highway 50 Gld Highway 50 Gld* HudBay Min HudBay Min* Hybrid Mineral Imperial Metal* Independence G* Inter-Rock Mnl Intl Bethl Mng Ivanhoe Mines* Jayden Res K2 Gold Kanadario Gold Karam Min Karora Res* Kestrel Gold Kilo Goldmines* Kinross Gold Kinross Gold* Klondike Silv Kodiak Copper* Komet Resource Kootenay Zinc

Latin American* Laurion Mnl Ex* Lions Bay Cap Lithium Amer Lithium Amer* Loncor Res Lundin Mng* Lynas Corp* Manganese X Manganese X* Maverix Metals Maverix Metals* MAX Res Maya Gold &Sil* MDN Inc* Medallion Res Medallion Res* Melior Res* Midnight Sun* Minfocus Expl Minfocus Expl* Navy Res New Dimen Res* New Found Gold New Gold New Gold* New Pac Metals New Tech Min New Tech Min* NGEx Minerals* Nickel Creek Nickel Creek* Nickel North Niobay Metals North Am Nickl North Am Nickl* Northern Uran Nrthn Vertex Nrthn Vertex* NSGold NuLegacy Gold* O3 Mining Oceanic Iron O Odyssey Res Optimum Vent Orefinders Res Oroco Res Oroco Res*

Supernova Met* Sutter Gold* Tanqueray Expl Tartisan Nick Tartisan Nick* Taseko Mines Taseko Mines* Titan Mining Titan Mining* Tocvan Venture TomaGold Tri Origin Exp* Uranium Energy* Usha Res Vanadium One Vanadium One* Vangold Res Venerable Vent Victory Nickel Victory Nickel* Wallbridge Mng* West Vault Winston Gold Winston Gold* Xtra-Gold Res Xtra-Gold Res*

Osisko Gold Osisko Gold* OZ Minerals* Pan Global Res Patriot Gold Patriot Gold* Peloton Mnrls* Phoenix Global* Pistol Bay Mng Premier Gold M Pretium Res Pretium Res* Quadro Res* Regulus Res Rio Tinto* Robex Res Rockshield Cap* Roxgold Roxgold* RT Minerals RT Minerals* Rupert Res Sabina Gd&Slvr Sabina Gd&Slvr* Sable Res Sable Res* Salazar Res Sanatana Res Sanatana Res* Sassy Res Sentinel Res Sentinel Res* Serabi Gold Serabi Gold* Serengeti Res Silver Bull Re Silver Range Silver Range* Slave Lake Zn Solaris Res Solaris Res* Southern Arc Southern Arc* Standard Lith Stellar Africa* Strikepoint Gd Strikepoint Gd* Supernova Met

19 New Lows Falcon Gold* 79 Resources Amanta Res* Aurelius Min* Freeman Gold* La Imperial Magna Terra Major Precious Mariner Res* NACCO Ind* PUF Vent Inc * Renforth Res* Ridgeline Min Sennen Potash* Sentinel Res* Stevens Gold Teslin Rvr Res Thunder Mtn Gd Westkam Gold*

NORTH AMERICAN STOCK EXCHANGE INDICES 52-week

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

Sep 18 16198.97 745.37 968.21 376.32 332.17

Sep 17 16246.72 743.22 970.37 383.26 332.17

Sep 16 16295.66 747.35 973.79 390.59 338.17

Sep 15 16431.27 741.91 983.64 392.38 339.60

Sep 14 16360.14 741.73 980.14 392.15 339.47

High 17970.51 761.84 1070.48 416.84 359.81

Low 11172.73 330.65 683.81 173.42 140.55

GLOBAL MINING NEWS · SINCE 1915

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LEGEND A C L N O Q T V X *

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Australian Securities Exchange Canadian Stock Exchange London Stock Exchange New York Stock Exchange U.S. over-the-counter NASDAQ or U.S. OTC Toronto Stock Exchange TSX Venture Exchange NYSE American Denotes price in U.S.$

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

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

1 (metric) tonne = 1.1023 (short) tons 1 gram per (metric) tonne = 0.02917 troy ounces per (short) ton = 0.03215 troy ounces per (metric) tonne 1 kilometre = 0.6214 miles 1 hectare = 2.47 acres

SEP TEM BER 2 8 â&#x20AC;&#x201C; OCTOBER 1 1 , 2 0 2 0

/ TH E N OR TH ER N

(100s) Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1911 Gold* 1911 Gold 79 Resources 79North Abacus Mining* Abacus Mining Abcourt Mines Abcourt Mines* Aben Resources* Aben Resources Abitibi Royal* Abitibi Royal AbraPlata Res* AbraPlata Res Academy Metals* Academy Metals Adamera Min* Adamera Min Adex Mining Advance Gold Adventus Adventus* AEX Gold Affinity Metal* African Gold African Gold* African Min* Aftermath Silv* Agnico Eagle* Agnico Eagle AgriMinco* Aguila Amer Gd* Aguila Amer Gd AJN Resources Alacer Gold Alamos Gold Alamos Gold* Alaska Pac Egy* Alcoa* Aldebaran Res Aldebaran Res* Alderon Iron* Aldever Res Aldever Res* Alexandra Cap* Alexco Res* Alexco Res Algold Res* Alianza Min* Alianza Min Alien Metals* Allegiant Gold Allegiant Gold* Alliance Mng Alliance Res* Almaden Min Almaden Min* Almadex Min* Almadex Min Almonty Ind * Almonty Ind Aloro Mining* Aloro Mining Alpha Lithium Alpha Lithium* Alphamin Res * Alphamin Res Altai Resource Altai Resource* Altair Res Inc Altamira Gold Altamira Gold* Altan Nevada Altan Rio Min Altiplano Met Altiplano Met* Altius Mnrls * Altius Mnrls Alto Ventures Alto Ventures* Altura Mining* Altus Strat Altus Strat* Alumina Ltd* ALX Resources* ALX Resources AM Resources Amani Gold* Amanta Res* Amarc Res* Amarc Res Amarillo Gold Amarillo Gold* Amer Intl Vent* American Creek* American Creek American CuMo* American Lith American Lith* American Mang* American Mang American Pac AmericanSierra* Americas Silvr* Americas Silvr Amerigo Res Amerigo Res* Amex Expl* Amex Expl Amilot Capital Amseco Expl AMV Capital Anaconda Mng* Anaconda Mng Andes Gold* Anfield Energy* Anfield Energy Angel Gold* Angel Gold Angkor Gold* Angkor Res Anglo American* Anglo American* Anglo Pac Grp AngloGold Ash* AngloGold Ash* Angus Gold Angus Gold* Antioquia Gold Antioquia Gold* Antler Gold Antler Gold * Antofagasta* Apex Res * Apex Res Apollo Gold Apollo Gold* Appia Energy* Appia Energy Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Coal* Archon Mineral Arctic Star* Arctic Star Arcturus Vent Arcturus Vent* Arcus Dev Grp* Arcus Dev Grp Arcwest Explor Arcwest Explor* Arena Min* Arena Min Ares Strategic Ares Strategic* Argentina Lith* Argentina Lith Argentum Silvr* Argentum Silvr Argo Gold Argo Gold* Argonaut Gold* Argonaut Gold Arianne Phosph Arianne Phosph* Arizona Metals* Arizona Metals Arizona Silver Arizona Silver*

O 426 V 491 C 190 C 334 O 179 V 196 V 3150 O 1318 O 793 V 2426 O 2 V 33 O 3310 V 6638 O 0 V 95 O 172 V 609 V 419 V 525 V 375 O 9 V 57 O 40 V 1451 O 489 O 35 O 2348 N 10120 T 5148 O 140 O 1 V 23 C 170 T 19861 T 6807 N 14983 O 200272 N 28751 V 159 O 38 O 619 V 1358 O 2 O 1145 X 6247 T 1418 O 0 O 955 V 3746 O 14212 V 1463 O 952 V 1117 D 2940 T 1741 X 8533 O 227 V 428 O 7 T 206 O 84 V 80 V 382 O 1915 O 129 V 565 V 1517 O 51 V 480 V 2008 O 303 V 594 V 16 V 65 O 0 O 99 T 215 V 239 O 9 O 198 V 22 O 1 O 104 O 51 V 534 V 189 O 235 O 0 O 88 V 305 V 3950 O 438 O 100 O 981 V 2472 O 177 V 1749 O 3679 O 1057 V 2173 C 2438 O 21 X 7200 T 3239 T 522 O 182 O 189 V 693 V 10 V 1931 V 30 O 533 T 1060 O 520 O 170 V 1410 O 30 V 268 O 100 V 0 O 4 O 664 T 38 N 12702 O 0 V 57 O 72 V 80 O 29 V 18 O 5 O 2 O 4 V 50 V 80 O 1 O 1033 C 1791 O 155 O 218 T 388 V 128 N 2311 V 2 O 32 V 783 V 343 O 265 O 13 V 10 V 650 O 98 O 8 V 1923 V 1554 O 1016 O 69 V 63 O 22 V 276 C 169 O 100 O 618 T 8978 V 251 O 53 O 5 V 97 V 255 O 127

0.69 0.51 0.60 + 0.90 0.69 0.82 + 0.13 0.00 0.11 0.15 0.13 0.15 + 0.16 0.14 0.16 + 0.21 0.19 0.21 unch 0.24 0.21 0.23 + 0.18 0.16 0.17 0.10 0.07 0.08 0.13 0.09 0.10 18.99 0.00 18.98 + 25.91 23.82 25.50 + 0.29 0.25 0.27 + 0.37 0.32 0.35 0.10 0.10 0.10 unch 0.11 0.10 0.11 unch 0.08 0.06 0.07 0.10 0.08 0.09 0.01 0.01 0.01 unch 0.15 0.12 0.15 + 1.24 0.00 1.15 0.88 0.88 0.93 0.79 0.71 0.78 unch 0.26 0.22 0.22 0.26 0.20 0.25 + 0.21 0.15 0.18 + 0.00 0.00 0.00 + 0.72 0.60 0.67 + 89.23 80.60 80.72 117.35 106.09 106.09 0.00 0.00 0.00 unch 0.31 0.31 0.31 unch 0.39 0.38 0.38 0.35 0.29 0.29 + 9.91 8.89 9.47 + 13.59 12.44 12.44 10.34 9.44 9.44 0.00 0.00 0.00 + 14.39 13.21 13.32 0.74 0.44 0.53 + 0.52 0.34 0.45 + 0.03 0.01 0.02 + 0.13 0.11 0.12 0.10 0.00 0.10 + 0.26 0.14 0.21 3.05 2.83 2.95 + 4.01 3.72 3.91 + 0.00 0.00 0.09 unch 0.14 0.11 0.12 + 0.18 0.15 0.15 unch 0.01 0.01 0.01 + 0.54 0.41 0.41 0.42 0.31 0.31 0.02 0.01 0.02 unch 3.35 3.07 3.18 + 1.43 1.02 1.24 + 1.09 0.78 0.95 + 0.27 0.20 0.27 + 0.36 0.27 0.35 + 0.60 0.56 0.56 0.80 0.71 0.75 0.07 0.05 0.05 0.09 0.00 0.09 + 0.61 0.54 0.61 + 0.48 0.39 0.46 + 0.21 0.00 0.20 0.27 0.25 0.27 + 0.11 0.08 0.09 0.09 0.08 0.08 unch 0.03 0.03 0.03 0.16 0.13 0.14 + 0.12 0.10 0.11 + 0.02 0.02 0.02 unch 0.09 0.09 0.09 unch 0.17 0.16 0.16 0.14 0.14 0.14 unch 8.31 7.65 8.23 + 10.96 10.50 10.88 + 0.16 0.14 0.15 unch 0.10 0.00 0.10 0.08 0.05 0.08 + 1.05 0.00 1.05 + 0.45 0.00 0.45 unch 4.33 4.23 4.29 + 0.07 0.05 0.06 0.08 0.07 0.08 unch 0.05 0.04 0.05 + 0.00 0.00 0.00 unch 0.00 0.00 0.00 unch 0.05 0.05 0.05 0.07 0.06 0.06 unch 0.38 0.32 0.37 + 0.28 0.24 0.28 + 0.01 0.00 0.01 unch 0.25 0.21 0.22 0.32 0.28 0.29 0.05 0.04 0.04 1.35 1.15 1.17 1.06 0.87 0.89 0.21 0.18 0.18 0.28 0.23 0.24 0.44 0.28 0.28 0.03 0.00 0.03 unch 3.16 2.94 3.08 + 4.15 3.87 4.08 + 0.57 0.60 + 0.62 0.47 0.42 0.47 + 2.70 2.45 2.61 + 3.58 3.18 3.46 + 0.06 0.05 0.05 0.08 0.02 0.08 + 0.12 0.12 0.12 unch 0.46 0.41 0.42 0.59 0.54 0.54 0.01 0.01 0.01 + 0.06 0.05 0.05 0.07 0.07 0.07 + 0.03 0.00 0.03 + 0.04 0.00 0.04 unch 0.08 0.07 0.07 unch 0.00 0.00 0.10 unch 25.98 0.00 25.98 + 12.97 12.43 12.77 + 2.30 2.01 2.04 30.60 27.06 27.17 0.00 0.00 28.70 unch 1.21 1.40 + 1.46 1.12 0.93 1.09 + 0.07 0.06 0.07 + 0.05 0.04 0.05 + 0.32 0.00 0.32 0.27 0.27 0.27 unch 14.30 13.95 14.00 0.11 0.00 0.10 0.13 0.00 0.13 unch 0.82 0.70 0.70 0.59 0.00 0.59 0.36 0.25 0.29 0.48 0.33 0.37 0.01 0.01 0.01 0.13 0.11 0.13 + 0.17 0.16 0.17 + 1.89 1.75 1.87 53.55 41.12 52.90 + 0.00 0.00 0.27 unch 0.06 0.03 0.06 + 0.05 0.03 0.04 unch 0.11 0.10 0.10 0.10 0.07 0.07 0.02 0.02 0.02 unch 0.03 0.03 0.03 unch 0.14 0.13 0.14 + 0.11 0.09 0.11 + 0.02 0.02 0.02 unch 0.03 0.03 0.03 unch 0.17 0.13 0.15 0.13 0.11 0.12 0.08 0.06 0.07 + 0.09 0.00 0.09 + 0.21 0.19 0.20 0.27 0.23 0.27 + 0.24 0.19 0.21 + 0.16 0.14 0.15 2.37 2.15 2.33 + 3.12 2.84 3.06 + 0.20 0.18 0.19 0.16 0.14 0.15 + 0.51 0.51 0.51 unch 0.84 0.72 0.80 + 0.36 0.32 0.35 + 0.28 0.00 0.26 +

0.08 1.22 0.15 0.15 0.98 0.22 0.02 0.15 0.10 0.01 0.25 0.13 0.00 0.21 0.03 0.00 0.29 0.04 0.01 0.24 0.04 0.00 0.18 0.03 0.01 0.12 0.03 0.03 0.16 0.05 1.65 18.99 7.68 2.50 25.91 11.10 0.01 0.36 0.03 0.01 0.48 0.04 0.00 0.21 0.09 0.00 0.27 0.10 0.00 0.12 0.01 0.01 0.16 0.02 0.00 0.01 0.01 0.03 0.29 0.03 0.05 1.60 0.52 0.06 1.18 0.36 0.00 1.20 0.31 0.04 0.37 0.06 0.04 0.46 0.10 0.01 0.34 0.07 0.00 0.01 0.00 0.04 0.83 0.06 1.46 89.23 31.00 2.21 117.35 43.25 0.00 0.00 0.00 0.00 0.31 0.12 0.01 0.50 0.12 0.08 1.34 0.17 0.64 10.82 3.50 0.36 15.52 4.43 0.25 11.58 3.34 0.00 0.00 0.00 0.66 23.47 5.16 0.08 0.74 0.16 0.10 0.52 0.17 0.00 0.17 0.00 0.01 0.22 0.05 0.01 0.16 0.01 0.00 0.60 0.06 0.14 3.50 0.72 0.21 4.65 1.00 0.00 0.11 0.04 0.00 0.16 0.03 0.00 0.21 0.03 0.00 0.02 0.00 0.13 0.71 0.07 0.07 0.56 0.05 0.00 0.03 0.01 0.06 16.14 2.70 0.23 1.43 0.31 0.18 1.09 0.21 0.05 0.29 0.05 0.07 0.36 0.12 0.04 0.61 0.24 0.02 0.81 0.28 0.03 0.19 0.01 0.01 0.12 0.03 0.02 1.45 0.15 0.02 1.13 0.19 0.00 0.24 0.09 0.01 0.30 0.12 0.02 0.14 0.03 0.00 0.11 0.02 0.01 0.04 0.01 0.02 0.16 0.04 0.01 0.12 0.02 0.00 0.06 0.01 0.00 0.13 0.03 0.01 0.23 0.02 0.00 0.14 0.05 0.21 9.38 4.33 0.27 12.32 6.29 0.00 0.24 0.08 0.02 0.18 0.04 0.01 0.12 0.01 0.02 1.36 0.30 0.00 21.22 0.35 0.02 6.77 3.09 0.00 0.07 0.01 0.00 0.10 0.02 0.01 0.15 0.03 0.00 0.05 0.00 0.00 0.00 0.00 0.00 0.07 0.02 0.00 0.08 0.02 0.05 0.42 0.10 0.04 0.31 0.08 0.00 0.02 0.00 0.02 0.38 0.02 0.02 0.50 0.04 0.00 0.09 0.00 0.17 2.98 0.09 0.13 2.19 0.06 0.02 0.21 0.07 0.02 0.28 0.10 0.10 0.62 0.06 0.00 0.05 0.01 0.16 3.90 1.00 0.21 5.12 1.39 0.03 0.81 0.12 0.04 0.62 0.08 0.18 2.98 0.64 0.21 3.98 0.86 0.01 0.06 0.01 0.02 0.08 0.02 0.00 0.12 0.07 0.02 0.59 0.07 0.03 0.78 0.10 0.00 0.02 0.00 0.00 0.12 0.03 0.01 0.16 0.04 0.00 0.05 0.00 0.00 0.07 0.01 0.00 0.09 0.02 0.00 0.12 0.01 1.99 29.51 12.56 0.32 14.81 5.91 0.45 4.20 1.87 1.67 38.50 12.66 0.00 38.94 15.44 0.08 1.51 0.14 0.08 1.16 0.53 0.01 0.09 0.02 0.00 0.07 0.01 0.03 0.49 0.02 0.00 0.38 0.01 0.20 15.00 7.30 0.01 0.31 0.04 0.00 0.43 0.04 0.12 1.68 0.03 0.14 0.91 0.59 0.06 0.43 0.07 0.10 0.57 0.10 0.00 0.03 0.00 0.01 0.15 0.05 0.01 0.22 0.07 0.03 1.91 0.03 12.18 89.42 21.80 0.00 0.45 0.10 0.03 0.12 0.01 0.00 0.13 0.02 0.01 0.97 0.07 0.03 0.69 0.00 0.00 0.03 0.01 0.00 0.04 0.01 0.01 0.21 0.04 0.00 0.15 0.02 0.00 0.05 0.01 0.00 0.06 0.02 0.01 0.22 0.07 0.01 0.17 0.01 0.01 0.08 0.02 0.01 0.10 0.04 0.00 0.23 0.11 0.01 0.39 0.14 0.02 0.35 0.04 0.01 0.24 0.06 0.18 2.63 0.53 0.24 3.42 0.76 0.01 0.52 0.15 0.00 0.38 0.11 0.00 0.73 0.51 0.05 1.04 0.16 0.02 0.40 0.10 0.00 0.31 0.08

W . N OR TH ER N M I N ER . COM

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: SEPTEMBER 14â&#x20AC;&#x201C;18, 2020

Stock

M I N ER

(100s) Stock

Exc Volume

Week Low

0.55 0.65 + 4.50 5.19 + 6.41 6.85 + 0.00 0.08 unch 0.09 0.09 0.00 0.08 0.10 0.10 1.24 1.25 + 0.92 0.92 0.04 0.05 + 0.05 0.05 0.30 0.30 unch 0.04 0.04 0.06 0.06 unch 0.28 0.29 0.21 0.22 0.01 0.01 + 3.06 3.30 + 0.10 0.10 unch 0.12 0.16 + 0.04 0.06 0.42 0.45 + 0.56 0.58 + 0.00 0.01 0.02 0.02 unch 0.00 0.04 0.03 0.03 11.97 13.00 + 15.65 17.58 + 3.09 3.63 + 4.06 4.78 + 0.91 0.98 + 0.67 0.74 + 0.06 0.06 + 0.03 0.03 unch 0.09 0.11 + 0.00 0.10 + 1.34 1.40 1.02 1.07 + 0.00 0.05 unch 0.06 0.06 unch 0.20 0.24 + 2.65 2.70 2.01 2.02 0.01 0.01 + 0.13 0.13 unch 0.00 0.26 + 0.30 0.32 0.43 0.43 0.34 0.36 0.11 0.15 unch 0.05 0.05 0.07 0.07 unch 0.29 0.29 0.00 0.23 1.09 1.12 + 1.45 1.52 + 0.04 0.04 unch 0.00 0.03 0.17 0.18 0.10 0.10 0.08 0.08 unch 0.00 0.08 unch 0.00 0.05 + 0.14 0.15 + 0.19 0.20 + 1.15 1.25 0.88 0.96 0.02 0.02 0.03 0.03 0.49 0.49 0.37 0.38 + 0.00 0.00 + 0.19 0.20 unch 0.14 0.14 -

Armor Min Artemis Gold* Artemis Gold Asante Gold* Asante Gold Ascendant Res* Ascendant Res Ascot Res Ascot Res * Ashanti Sanko Ashanti Sanko* AsiaBaseMetals Aston Bay* Aston Bay ATAC Res ATAC Res* Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Silver* Atico Mining* Atico Mining Atlanta Gold* Atlantic Indus Aton Resources Aton Resources* Aura Minerals* Aura Minerals Aurania Res* Aurania Res Aurcana Silver Aurcana Silver* AurCrest Gold AurCrest Gold* Aurelius Min Aurelius Min* Aurion Res Aurion Res * Aurora Royal Aurwest Res AURYN Mining* Auryn Resource Auryn Resource* Aust Mines* Austin Res Austral Gold* Austral Gold AUX Resources AUX Resources* Auxico Res Avalon Advance* Avalon Advance Avidian Gold Avidian Gold* Avino Silver* Avino Silver Avrupa Min Avrupa Min* Awale Res Axmin Inc Axmin Inc* Azarga Metals Azarga Metals* Azarga Uranium* Azarga Uranium Azimut Explor Azimut Explor* Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azteca Gold* Azucar Min Azucar Min*

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

12 92 951 0 432 19 530 849 307 747 3 33 1215 1299 1651 442 4671 20 1 401 44 133 538 21 78 648 71 24 244 158 412 2281 2100 254 50 3313 95 269 226 0 3042 16 912 1289 338 40 181 317 182 5 297 349 993 626 96 4324 900 900 84 833 167 2 80 12 466 332 3085 593 431 2594 356 171 134 165 191

0.72 5.63 7.64 0.00 0.10 0.08 0.11 1.35 1.03 0.06 0.05 0.40 0.05 0.06 0.35 0.26 0.01 3.31 0.10 0.16 0.07 0.47 0.63 0.01 0.02 0.04 0.04 13.21 17.98 3.75 4.96 1.05 0.81 0.06 0.04 0.12 0.10 1.47 1.12 0.00 0.08 0.25 2.82 2.15 0.02 0.13 0.69 0.33 0.47 0.36 0.15 0.06 0.07 0.32 0.25 1.20 1.57 0.04 0.03 0.19 0.12 0.08 0.08 0.05 0.15 0.20 1.88 1.42 0.03 0.03 0.52 0.40 0.00 0.22 0.16

B2Gold Corp B2Gold Corp* Balto Res Bam Bam Res Bam Bam Res* Bankers Cobalt Bankers Cobalt* Bannerman Res* Banyan Gold Banyan Gold* Bard Ventures* Bard Ventures Barksdale Res* Barksdale Res Barolo Venture Baroyeca Gold Baroyeca Gold* Barrick Gold* Barrick Gold Barsele Min* Barsele Min Baselode Egy Batero Gold Batero Gold* Battle North* Battle North Bayhorse Silvr Bayhorse Silvr* BCM Res Bear Creek Mng* Bear Creek Mng Bearclaw Cap Bearing Lith Bearing Lith* Beauce Gold Bell Copper Bell Copper* Belmont Res Belo Sun Mng* Belo Sun Mng BeMetals * BeMetals Benchmark Met* Benchmark Met Benton Res Benton Res* Benz Mining Benz Mining* Bessor Min Bessor Min* Bird River Res Bitterroot Res* Bitterroot Res Black Hills* Black Iron Black Iron* Black Mammoth* Black Mammoth Black Tusk Res* Black Tusk Res Blackheath Res Blackrock Gold Blackrock Gold* Blind Creek BLOX Inc* Blue Lagoon Blue Lagoon* Blue Moon Zinc* Blue Moon Zinc Blue River Res Blue River Res* Blue Sky Uran* Blue Sky Uran Blue Star Gold* Blue Star Gold Blue Thunder BlueBird Batt* BlueBird Batt Bluestone Res Bluestone Res* BMEX Gold Bold Ventures* Bold Ventures Bonanza Gold* Bond Resources BonTerra Res Boreal Metals Boreal Metals * Borneo Res Inv* Boundary Gold* Boundary Gold Bravada Gold Bravada Gold* Braveheart Res Braveheart Res*

T 22850 X 46174 V 195 C 442 O 200 V 33 O 5 O 1610 V 1133 O 472 O 7 V 93 O 39 V 331 V 28 V 57 O 25 N 100318 T 31976 O 16 V 217 V 40 V 367 O 77 O 72 T 2330 V 1827 O 261 V 54 O 204 V 550 V 550 V 194 O 262 V 217 V 226 O 30 V 545 O 3323 T 4333 O 24 V 204 O 246 V 1124 V 471 O 381 V 1225 O 79 V 9 O 0 C 673 O 382 V 213 N 2362 T 1927 O 113 O 35 V 1 O 318 C 3256 V 53 V 2152 O 980 V 201 O 6813 C 401 O 320 O 3 V 1321 V 302 O 11 O 112 V 458 O 30 V 193 V 293 O 90 V 1346 V 420 O 65 V 67 O 379 V 475 O 24026 C 78 V 888 V 194 O 236 O 2564 O 7 V 22 V 681 O 289 V 267 O 139

9.34 7.10 0.11 0.81 0.63 0.36 0.26 0.03 0.39 0.90 0.17 0.27 0.44 0.60 0.27 0.19 0.16 30.54 40.16 0.43 0.60 0.38 0.11 0.10 1.42 1.89 0.17 0.14 0.07 2.67 3.50 0.01 0.14 0.10 0.18 0.23 0.17 0.07 0.87 1.15 0.38 0.50 1.14 1.48 0.17 0.14 0.89 0.68 0.09 0.00 0.01 0.07 0.09 56.23 0.14 0.10 0.08 0.00 0.07 0.09 0.22 1.16 0.88 0.12 0.01 0.84 0.64 0.02 0.04 0.02 0.01 0.11 0.14 0.08 0.11 0.13 0.10 0.40 2.20 1.66 0.58 0.05 0.05 0.00 0.28 1.31 0.10 0.10 0.00 0.05 0.06 0.20 0.15 0.10 0.08

Last

12-month

High

Change

Stock

0.10 0.30 0.56 0.00 0.01 0.01 0.01 0.01 0.02 0.01 0.00 0.00 0.00 0.00 0.05 0.04 0.00 0.22 0.00 0.04 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.96 1.18 0.63 0.86 0.07 0.05 0.01 0.00 0.02 0.02 0.02 0.01 0.00 0.00 0.04 0.01 0.03 0.00 0.00 0.12 0.01 0.02 0.02 0.00 0.00 0.00 0.02 0.01 0.03 0.07 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.55 0.37 0.00 0.01 0.01 0.00 0.00 0.00 0.01

0.97 5.63 7.64 0.09 0.12 0.30 0.41 1.40 1.06 0.10 0.05 0.64 0.09 0.13 0.40 0.30 0.03 3.85 0.60 0.79 0.15 0.50 0.67 0.04 0.03 0.07 0.04 18.11 18.30 3.75 4.96 1.05 0.81 0.07 0.04 0.14 0.10 2.14 1.72 0.08 0.10 0.60 3.55 2.66 0.02 0.13 0.69 0.38 0.56 0.39 0.15 0.08 0.10 0.48 0.35 1.49 2.04 0.05 0.04 0.26 0.50 0.33 0.20 0.10 0.20 0.25 3.27 2.35 0.05 0.06 0.70 0.53 0.00 0.30 0.22

0.31 0.60 0.95 0.02 0.02 0.07 0.09 0.37 0.26 0.01 0.01 0.22 0.03 0.04 0.11 0.08 0.00 1.79 0.06 0.08 0.01 0.11 0.16 0.00 0.01 0.02 0.01 0.86 1.11 1.03 1.51 0.15 0.11 0.02 0.01 0.02 0.04 0.42 0.29 0.02 0.01 0.03 1.00 0.71 0.00 0.04 0.02 0.06 0.00 0.25 0.02 0.02 0.03 0.05 0.20 0.26 0.27 0.01 0.01 0.04 0.10 0.07 0.05 0.03 0.05 0.07 0.31 0.23 0.01 0.02 0.04 0.03 0.00 0.08 0.05

Bravo Multinat* Brazil Min* Brigadier Gold* Brigadier Gold BrightRock* Britannia Mng* Brixton Metals Brixton Metals* Bryn Res* BTU Metals* BTU Metals Buenaventura* Buffalo Coal Bullfrog Gold* Bullfrog Gold Bullion Gold* Bunker Hill Bushveld Min* BWR Explor

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

0.54 0.43 0.01 0.27 0.23 0.01 0.02 0.00 0.02 0.01 0.03 0.04 0.06 0.04 0.03 0.01 0.00 0.86 1.22 0.02 0.06 0.04 0.01 0.01 0.01 0.03 0.00 0.00 0.00 0.04 0.06 0.00 0.02 0.01 0.00 0.00 0.02 0.01 0.14 0.19 0.03 0.03 0.02 0.05 0.01 0.00 0.13 0.12 0.02 0.00 0.00 0.01 0.01 1.10 0.02 0.01 0.00 0.00 0.01 0.00 0.00 0.07 0.05 0.03 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.12 0.12 0.07 0.01 0.03 0.00 0.00 0.00 0.01 0.03 0.01 0.05 0.00 0.00 0.00 0.01 0.00 0.01 0.00

9.99 7.55 0.19 1.60 1.03 0.42 0.34 0.04 0.39 0.90 0.15 0.27 0.44 0.60 0.33 0.20 0.16 31.22 41.09 0.55 0.73 0.50 0.13 0.10 1.69 2.25 0.24 0.17 0.08 3.04 4.17 0.02 0.26 0.19 0.22 0.25 0.18 0.10 0.87 1.10 0.42 0.57 1.22 1.64 0.30 0.22 0.89 0.68 0.10 0.03 0.02 0.07 0.09 87.12 0.20 0.15 0.10 0.17 0.08 0.11 0.22 1.61 1.22 0.27 0.30 2.11 1.45 0.03 0.04 0.02 0.01 0.17 0.23 0.12 0.16 0.20 0.27 0.40 2.43 1.84 0.62 0.06 0.08 0.01 0.43 2.66 0.14 0.13 0.00 0.08 0.10 0.25 0.19 0.17 0.13

3.12 2.16 0.03 0.25 0.19 0.05 0.02 0.01 0.03 0.02 0.05 0.05 0.14 0.21 0.18 0.03 0.08 12.65 17.52 0.07 0.11 0.07 0.05 0.03 0.37 0.54 0.05 0.03 0.02 0.50 0.75 0.01 0.06 0.06 0.06 0.01 0.02 0.02 0.18 0.21 0.09 0.12 0.12 0.17 0.04 0.03 0.05 0.05 0.03 0.00 0.01 0.01 0.02 48.07 0.05 0.03 0.02 0.04 0.02 0.03 0.05 0.07 0.05 0.02 0.00 0.43 0.27 0.00 0.01 0.01 0.00 0.03 0.05 0.04 0.04 0.06 0.06 0.08 0.99 0.75 0.08 0.00 0.03 0.00 0.15 0.63 0.03 0.03 0.00 0.00 0.01 0.05 0.03 0.05 0.03

C3 Metals* C3 Metals Cabral Gold* Cabral Gold Cache Explor Cadence Min* Cadillac Vent Caelan Capital* Caldas Gold* Caldas Gold Caledonia Mng* Calibre Mng* Calibre Mng California Gld* California Gld Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Cameo Cobalt* Camino Min Camino Min* Camrova Res* Canada Carbon Canada Carbon* Canada Coal Canada Nickel Canada Nickel* Canada One Canada One* Canada Rare Canada Rare* Canada Silver Canada Silver* Canadian Metal Canadian Prem* Canadian Prem Canadian Silv CanAlaska Uran* CanAlaska Uran Canamex Gold* Canarc Res Canarc Res* Canasil Res Candelaria Mg* Candelaria Mg Candente Coppr Candente Gold* Candente Gold CANEX Metals * CANEX Metals CaNickel Mng* CaNickel Mng Canoe Mng Vent Canstar Res* Canstar Res Canterra Mnls* Canterra Mnls Cantex Mn Dev* Cantex Mn Dev Canuc Res Canuc Res* Capitan Mining Capstone Mng Cardero Res Cardero Res* Cardinal Res* Cardinal Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Casa Minerals * Cascadero Copp Castle Peak Mg CAT Strategic Cdn Goldcamps Cdn Goldcamps* Cdn Palladium* Cdn Palladium CellCube Enrgy* Centamin Centaurus Diam* Centerra Gold Central Iron Century Cobalt* Century Global Cerro de Pasc * Cerro de Pasc Cerro Grande* Cerro Grande Cerro Mng* Ceylon Graph Chakana Copper Chakana Copper* Chalice Gold M* Champion Bear* Champion Bear Champion Iron* Champion Iron Chatham Rock Chatham Rock* Chesapeake Gld* Chesapeake Gld Chevron Corp* Chiboug Ind Mn Chiboug Ind Mn* Chilean Metals Chilean Metals* China Gold Int Clarity Gold Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Mnls Cleveland-Clif* Cliffmont Res Clifton Mng* Clydesdale Res CMC Metals* CMC Metals CNRP Mng Cobalt Block* Cobalt Block Coeur Mng* Colibri Res* Colibri Res Colombia Crest Colombia Crest* Colonial Coal Colorado Res Commander Res* Commander Res Commerce Res Commerce Res* Compass Gold* Compass Gold Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold* Condor Gold Condor Res Condor Res* Confedertn Ml* Confedertn Mls Conic Metals*

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

B 8.55 8.97 + 6.50 6.82 + 0.10 0.11 + 0.50 0.81 + 0.35 0.59 + 0.33 0.34 + 0.24 0.26 + 0.03 0.03 + 0.35 0.38 + 0.23 0.28 + 0.00 0.17 + 0.23 0.23 + 0.35 0.41 + 0.45 0.51 + 0.27 0.27 0.18 0.18 0.16 0.16 unch 28.81 28.89 38.02 38.02 0.41 0.43 + 0.54 0.54 0.34 0.34 0.10 0.10 0.07 0.08 1.33 1.38 1.74 1.82 + 0.15 0.16 unch 0.11 0.13 0.00 0.06 unch 2.50 2.52 3.30 3.30 0.01 0.01 unch 0.12 0.13 + 0.09 0.10 + 0.16 0.17 unch 0.19 0.22 unch 0.00 0.17 + 0.00 0.06 0.71 0.87 + 0.94 1.15 + 0.33 0.35 0.45 0.49 + 1.00 1.01 1.32 1.33 0.16 0.16 + 0.12 0.12 + 0.61 0.75 + 0.48 0.60 + 0.07 0.07 0.00 0.03 unch 0.01 0.01 unch 0.06 0.06 0.07 0.08 53.34 54.32 + 0.13 0.14 + 0.09 0.10 + 0.08 0.08 unch 0.00 0.11 unch 0.06 0.06 + 0.07 0.08 unch 0.19 0.19 unch 0.91 1.00 + 0.69 0.76 + 0.10 0.11 0.01 0.01 + 0.76 0.78 unch 0.58 0.60 + 0.02 0.02 + 0.03 0.04 + 0.01 0.01 0.01 0.01 0.10 0.10 + 0.13 0.14 unch 0.08 0.08 unch 0.10 0.10 unch 0.12 0.13 + 0.10 0.10 0.13 0.40 + 2.05 2.07 1.54 1.56 0.55 0.58 + 0.03 0.03 unch 0.00 0.05 unch 0.00 0.00 0.21 0.24 + 1.22 1.28 + 0.08 0.09 0.06 0.08 0.00 0.00 + 0.04 0.05 + 0.05 0.05 unch 0.18 0.18 0.14 0.14 0.10 0.10 0.07 0.07 -

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

26 11257 282 1879 446 57 1696 1052 113 307 1845 28205 5 2530 7012 0 1342 29 411

0.07 0.00 0.30 0.40 0.02 0.01 0.41 0.31 0.03 0.17 0.23 12.74 0.01 0.27 0.35 0.15 0.70 0.24 0.05

0.07 0.07 unch 0.00 0.00 unch 0.22 0.28 + 0.29 0.35 + 0.00 0.02 0.00 0.01 + 0.37 0.40 + 0.27 0.31 + 0.03 0.03 + 0.15 0.16 + 0.20 0.20 11.62 12.28 0.01 0.01 unch 0.22 0.24 + 0.27 0.32 + 0.00 0.15 0.57 0.68 + 0.17 0.19 + 0.05 0.05 unch

23 659 587 2806 294 0 827 4 235 497 431 489 2700 13 3 110 114 9740 7737 9 43 2 3 151 10 322 3628 582 1 10 367 55 1389 829 21 10 0 236 582 452 10 4273 1841 745 7 19 178 1 232 12 343 24 378 115 38 1078 0 111 4 525 521 291 3065 3112 130 1 10 557 149 255 73 3534 1115 77 609 279 3 476 88 2798 70 1 1895 1627 1046 146 432 5671 355 36 3 19 234 134 345 0 44 1462 1585 47 38 11 84 4467 335 5 65 136 56143 80 92 59 1 643 32 237 651 50 1005 58165 173 172 0 193 1282 1164 97 88 30486 5 427 1 33 306 66 5 238 402 27 8 189 4538 11 8 9 59 490 266 18 207 1190

0.05 0.06 0.55 0.66 0.17 0.00 0.02 0.07 2.44 3.06 21.00 1.55 2.19 0.16 0.18 2.43 3.28 11.53 15.17 0.20 0.16 0.12 0.01 0.26 0.19 0.03 1.85 1.40 0.00 0.05 0.07 0.05 0.62 0.48 0.10 0.13 0.00 0.10 0.21 0.26 0.05 0.18 0.14 0.17 0.44 0.55 0.11 0.06 0.07 0.20 0.27 0.17 0.27 0.17 0.26 0.33 0.13 0.18 1.10 1.48 0.25 0.18 0.50 1.52 0.05 0.03 0.77 1.03 0.08 0.06 0.17 0.05 0.11 0.25 0.31 0.12 0.08 0.05 0.02 0.04 0.32 0.28 0.13 0.18 0.03 3.86 0.05 17.35 0.08 0.02 0.18 0.28 0.37 0.02 0.04 0.00 0.12 0.79 0.61 1.20 0.11 0.14 2.45 3.18 0.07 0.05 4.91 6.52 79.48 0.15 0.11 0.14 0.14 1.88 1.09 0.84 0.30 0.21 0.10 7.32 0.13 0.18 0.00 0.09 0.14 0.38 0.06 0.07 8.65 0.06 0.08 0.00 0.12 0.70 0.73 0.10 0.14 0.32 0.25 0.23 0.32 1.36 0.17 0.14 0.68 1.31 0.33 0.50 1.31 1.74 0.27

Stock

0.00 0.00 0.06 0.07 0.00 0.00 0.03 0.02 0.00 0.00 0.01 0.30 0.00 0.01 0.03 0.00 0.11 0.04 0.00

0.58 0.00 0.45 0.62 0.04 0.01 0.57 0.42 0.07 1.00 0.49 15.94 0.02 0.27 0.35 0.15 1.01 0.45 0.06

0.05 0.00 0.07 0.05 0.00 0.00 0.08 0.05 0.02 0.00 0.07 5.12 0.01 0.05 0.08 0.01 0.10 0.00 0.02

0.02 0.01 0.04 0.04 0.03 0.00 0.00 0.00 0.01 0.01 1.11 0.20 0.41 0.02 0.01 0.23 0.34 0.46 0.55 0.00 0.01 0.00 0.00 0.03 0.01 0.01 0.11 0.10 0.00 0.01 0.01 0.01 0.03 0.02 0.00 0.05 0.00 0.00 0.03 0.06 0.00 0.02 0.01 0.01 0.02 0.00 0.01 0.00 0.01 0.00 0.01 0.02 0.03 0.01 0.09 0.11 0.01 0.01 0.22 0.28 0.04 0.03 0.12 0.10 0.00 0.00 0.00 0.00 0.00 0.01 0.03 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.11 0.03 0.01 0.00 0.00 0.02 0.00 0.94 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.15 0.11 0.11 0.00 0.00 0.15 0.29 0.01 0.02 0.19 0.33 0.52 0.00 0.00 0.02 0.01 0.05 0.01 0.03 0.01 0.03 0.00 0.87 0.02 0.00 0.00 0.00 0.01 0.02 0.00 0.01 0.46 0.01 0.01 0.00 0.00 0.07 0.01 0.01 0.00 0.00 0.00 0.02 0.02 0.12 0.01 0.01 0.02 0.34 0.01 0.00 0.03 0.01 0.01

0.06 0.08 0.58 0.66 0.18 0.11 0.05 0.36 9.60 3.07 29.39 1.55 2.03 0.42 0.55 3.10 4.15 12.33 16.71 0.25 0.19 0.14 0.08 0.39 0.28 0.04 3.00 2.24 0.06 0.05 0.08 0.06 0.73 0.57 0.44 0.39 1.10 0.16 0.21 0.27 0.07 0.18 0.14 0.26 0.45 0.64 0.12 0.08 0.11 0.25 0.33 0.17 0.27 0.30 0.26 0.33 0.16 0.30 3.50 4.68 0.25 0.17 0.50 1.47 0.07 0.05 0.78 1.04 0.10 0.07 0.33 0.10 0.11 0.30 0.33 0.13 0.10 0.06 0.03 0.04 0.55 0.35 0.18 0.23 0.08 4.04 0.22 19.59 0.25 0.09 0.19 0.41 0.54 0.05 0.06 0.23 0.20 0.79 0.59 1.20 0.16 0.27 2.45 3.18 0.32 0.18 5.75 7.61 125.00 0.17 0.12 0.17 0.15 1.88 1.09 0.95 0.47 0.21 0.12 9.02 0.13 0.23 0.05 0.11 0.15 0.55 0.06 0.08 9.25 0.07 0.10 0.31 0.23 0.82 0.90 0.11 0.15 0.38 0.26 0.50 0.65 2.12 0.17 0.17 2.59 1.40 0.44 0.50 2.06 2.78 0.35

0.03 0.01 0.05 0.07 0.04 0.04 0.01 0.06 0.11 1.30 6.51 0.00 0.46 0.08 0.11 0.22 0.32 5.30 7.69 0.00 0.05 0.03 0.00 0.05 0.03 0.01 0.38 0.67 0.02 0.01 0.03 0.02 0.25 0.18 0.01 0.12 0.10 0.06 0.06 0.09 0.00 0.03 0.02 0.05 0.03 0.05 0.02 0.01 0.01 0.04 0.06 0.04 0.04 0.10 0.00 0.02 0.13 0.05 0.33 0.46 0.03 0.02 0.25 0.33 0.02 0.01 0.15 0.20 0.04 0.01 0.00 0.01 0.03 0.05 0.07 0.02 0.03 0.01 0.01 0.01 0.10 0.18 0.02 0.06 0.01 1.52 0.03 5.52 0.01 0.00 0.05 0.18 0.24 0.00 0.01 0.05 0.06 0.08 0.05 0.08 0.07 0.09 0.77 0.96 0.06 0.05 1.01 1.40 51.60 0.05 0.07 0.03 0.01 0.45 0.22 0.50 0.27 0.01 0.03 2.63 0.05 0.07 0.01 0.02 0.03 0.06 0.02 0.03 1.98 0.03 0.04 0.05 0.05 0.21 0.25 0.04 0.05 0.11 0.07 0.10 0.14 0.23 0.08 0.01 0.03 0.34 0.04 0.02 0.11 0.21 0.09

Conic Metals Conquest Res Conquest Res * Cons Woodjam CONSOL Coal Rs* CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold CopAur Min Copper Fox Mtl Copper Fox Mtl* Copper Lake Rs Copper Mtn Mng Copper Mtn Mng* Copper North M* Copper North M Copper One * Copper One Copperbank Res* Copperbank Res Coral Gold * Coral Gold Cordoba Mnls Cordoba Mnls* Core Assets Core Lithium* Cornerstone Ca Cornerstone Ca* Corsa Coal * Corsa Coal Cortus Metals Corvus Gold* Corvus Gold Crest Resource Crestview Expl Critical Elem* Critical Elem CROPS Cross River* Cross River Crown Mining Crown Mining* Cruz Cobalt* Cruz Cobalt Crystal Peak* Crystal Peak CTGX Mining* Currie Rose Rs Cypress Dev Cypress Dev*

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

Dajin Lithium* Dajin Res Dakota Ter Res* Damara Gold Damara Gold* Danakali* Debut Dmds Decade Res Decade Res* Deep-South Res DeepRock Min Defense Metals* Defense Metals Defiance Silvr Defiance Silvr* Delrand Res Denison Mines Denison Mines* Desert Gold* Desert Gold Desert Mtn Egy Diamante Min* Diamcor Mng Diamcor Mng* Diamond Disc* Diamond Fields Diamond Fields* Dios Expl Discovery Harb* Discovery Harb Discovery Met* Discovery Met Discovery Min* Discovery-Corp District Cop* District Cop District Metal District Metal* Ditem Explor* Diversified Rs* Dixie Gold DNI Metals* Dolat Ventures* Dolly Vard Sil* Dolly Vard Sil Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res Duro Metals DV Resources Dynacor Gld Mn Dynacor Gld Mn* Dynamic Gold* DynaResource* Dynasty Gold Dynasty Gold* E3 Metals E3 Metals* Eagle Graphite Eagle Graphite* Eagle Plains East Africa East Africa * East Asia Mnls* East Asia Mnls EastCoal Inc Eastern Platin* Eastern Platin Eastfield Res Eastfield Res* Eastmain Res Eastmain Res* Eclipse Gold* Eclipse Gold Eco Oro Mnls Eco Oro Mnls* Edgemont Gold Edgewater Expl Edison Cobalt* Edison Cobalt El Capitan Prc* El Nino Vent* El Nino Vent Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Eloro Res* Eloro Res Ely Gold Royal Ely Gold Royal* Elysee Dev Elysee Dev * Emerita Res Emgold Mining Emgold Mining* EMX Royalty* EMX Royalty Encanto Potash* Encanto Potash EnCore Energy Endeavour Mng Endeavour Mng* Endeavr Silver* Endeavr Silver Endurance Gold* Endurance Gold Enduro Metals Enduro Metals* Energy Fuels Energy Fuels* Engineer Gold Engold Mines

C 0.03 0.05 0.43 0.57 0.14 0.00 0.02 0.07 2.11 2.84 18.33 1.36 1.79 0.12 0.00 2.07 2.77 10.43 13.77 0.00 0.15 0.00 0.01 0.24 0.00 0.02 1.52 1.15 0.00 0.04 0.00 0.04 0.56 0.42 0.10 0.13 0.00 0.07 0.16 0.22 0.05 0.16 0.11 0.15 0.00 0.00 0.10 0.04 0.05 0.19 0.23 0.09 0.11 0.17 0.16 0.20 0.00 0.17 0.00 1.08 0.20 0.15 0.28 1.37 0.05 0.00 0.77 1.01 0.07 0.05 0.13 0.04 0.09 0.21 0.29 0.10 0.08 0.04 0.00 0.03 0.25 0.28 0.10 0.14 0.02 3.56 0.03 15.53 0.07 0.01 0.00 0.27 0.33 0.02 0.03 0.00 0.10 0.64 0.49 1.04 0.11 0.13 2.18 2.81 0.06 0.05 4.49 5.86 75.96 0.14 0.10 0.14 0.13 1.80 1.06 0.72 0.28 0.00 0.10 6.11 0.10 0.13 0.00 0.08 0.11 0.34 0.05 0.06 7.69 0.05 0.07 0.00 0.00 0.60 0.70 0.08 0.11 0.28 0.21 0.22 0.26 1.15 0.16 0.12 0.62 0.96 0.31 0.23 1.25 1.62 0.21

0.03 0.05 0.48 + 0.62 + 0.17 + 0.11 unch 0.02 unch 0.07 unch 2.24 2.95 19.40 + 1.55 + 2.19 + 0.12 0.17 2.17 2.85 10.48 13.87 0.18 0.16 + 0.12 unch 0.01 unch 0.24 0.19 0.03 + 1.84 + 1.39 + 0.06 unch 0.05 + 0.06 + 0.04 0.57 0.43 0.10 unch 0.13 0.24 unch 0.09 unch 0.19 + 0.26 + 0.05 unch 0.17 + 0.12 + 0.16 + 0.42 0.55 unch 0.11 + 0.05 0.07 0.20 + 0.26 + 0.11 + 0.15 + 0.17 0.26 + 0.33 + 0.13 0.17 1.07 + 1.38 + 0.23 + 0.18 + 0.39 + 1.52 + 0.05 unch 0.03 0.77 unch 1.03 unch 0.07 unch 0.06 + 0.14 0.04 unch 0.10 unch 0.22 0.29 0.11 + 0.08 + 0.05 0.02 unch 0.04 unch 0.27 0.28 0.12 + 0.15 unch 0.03 + 3.63 + 0.04 + 15.53 0.07 unch 0.01 0.18 0.27 0.35 0.02 0.04 + 0.23 unch 0.11 + 0.77 + 0.58 + 1.18 + 0.11 + 0.13 unch 2.34 + 3.07 + 0.06 0.05 4.77 + 6.28 + 78.21 + 0.14 unch 0.11 0.14 0.14 + 1.83 + 1.07 + 0.75 0.29 + 0.20 + 0.10 unch 6.95 + 0.12 + 0.16 + 0.03 unch 0.09 + 0.12 + 0.35 0.05 0.07 8.12 + 0.06 0.08 0.15 unch 0.12 unch 0.61 0.70 0.09 + 0.12 unch 0.30 unch 0.24 0.23 + 0.28 1.24 + 0.17 + 0.14 + 0.67 0.96 0.32 0.24 1.29 + 1.71 + 0.25 +

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

3010 5462 328 2143 147 2017 24792 62 82 345 992 435 425 51 1292 3304 396 4 229 375 1883 282 574 175 388 2276 90 53 3 147 42 60 118 137 214 318 412 133 217 629 8 20 587 189 190 462 941 345 1112 1 86 782 596

0.35 0.13 0.10 0.13 3.71 6.01 11.66 0.17 0.25 0.17 0.24 0.21 0.14 0.11 0.03 1.19 0.90 0.04 0.06 0.20 0.21 0.15 0.20 1.03 1.34 0.13 0.10 0.19 0.20 6.53 4.95 0.17 0.23 0.35 3.08 4.05 0.14 0.39 0.29 0.38 0.02 0.34 0.48 0.08 0.06 0.05 0.06 0.01 0.01 0.00 0.04 0.45 0.34

+ 0.28 0.34 + 0.06 0.11 + 0.05 0.08 + 0.11 0.13 + 3.45 3.60 + 4.46 5.75 + 10.48 11.37 0.15 0.15 0.19 0.20 + 0.14 0.17 + 0.18 0.23 0.13 0.14 + 0.11 0.14 + 0.08 0.10 + 0.02 0.03 + 1.01 1.18 + 0.77 0.88 0.00 0.04 unch 0.00 0.06 unch 0.14 0.16 0.19 0.20 + 0.12 0.14 + 0.17 0.18 + 0.90 1.03 + 1.18 1.33 + 0.09 0.12 + 0.00 0.09 0.15 0.15 + 0.15 0.19 + 5.15 5.81 + 3.90 4.56 + 0.16 0.16 0.22 0.23 0.25 0.33 + 2.85 3.03 + 3.82 4.04 0.12 0.13 + 0.33 0.38 + 0.22 0.28 + 0.29 0.37 0.02 0.02 unch 0.34 0.34 unch + 0.43 0.47 + 0.07 0.08 0.06 0.06 unch 0.04 0.04 0.06 0.06 unch 0.01 0.01 unch 0.01 0.01 unch 0.00 0.00 unch 0.04 0.04 unch 0.37 0.44 unch + 0.28 0.34

177 O 36 V 243 O 12 V 2 O 325 O 493 C 3267 V 694 O 3601 V 275 C 335 O 750 V 2320 V 1343 O 350 V 2005 T 4089 X 105 O 1380 V 1079 V 183 O 354 V 3 O 76 O 0 V 3 O 1345 V 133 O 419 V 2652 O 4312 V O 219466 25 V 87 O 178 V 270 V 16 O 200 O 260 O 335 V 183 O 80 O 810 O 1031 V 34 V 215 V 103 O 3585 N 9182 T 40 O 656 V 13 V 110 V 222 T 56 O 0 O 1 O 50 V 0 O 849 V 256 O 30 V 64 O 974 V 365 V 21 O 895 O 4523 V 0 V 50 O 79 T 482 V 1 O 3543 T 754 O 332 O 620 V 91 C 82 O 170 C 100 V 60 O 133 V 2116 O 23 O 168 V 439 V 58 O N 15270 6243 T 159 O 404 V 1351 V 1149 O 67 V 34 O 3618 V 1483 V 250 O 1113 X 114 V 88 O 174 V 925 V 5743 T 147 O N 19081 4370 T 30 O 121 V 1933 V 743 O 1134 T 8024 X 185 V 292 V

0.04 0.05 0.43 0.08 0.06 0.36 0.17 0.09 0.07 0.11 0.04 0.17 0.20 0.66 0.50 0.11 0.65 0.50 0.14 0.19 1.88 0.02 0.08 0.06 0.00 0.00 0.11 0.12 0.10 0.13 1.80 2.36 0.00 0.08 0.01 0.02 0.47 0.30 0.00 0.00 0.28 0.01 0.05 0.82 1.07 0.90 0.27 0.21 14.41 10.40 0.11 0.16 0.18 0.13 2.05 1.58 0.00 1.10 0.12 0.00 0.40 0.31 0.05 0.04 0.18 0.17 0.00 0.14 0.18 0.00 0.38 0.48 0.05 0.03 0.26 0.20 0.64 0.82 0.06 0.05 0.12 0.20 0.03 0.04 0.01 0.01 0.04 0.14 0.12 12.20 16.07 1.45 1.89 1.42 1.12 0.44 0.34 0.35 0.12 0.09 3.05 4.00 0.08 0.09 0.51 39.21 30.33 4.34 5.70 0.07 0.13 0.29 0.23 2.53 1.93 0.15 0.06

High Low

0.02 0.04 0.03 0.03 0.15 1.16 0.81 0.03 0.05 0.03 0.05 0.09 0.03 0.01 0.01 0.14 0.09 0.00 0.00 0.00 0.01 0.01 0.01 0.14 0.15 0.03 0.02 0.04 0.03 0.71 0.66 0.01 0.01 0.02 0.16 0.24 0.01 0.01 0.05 0.08 0.00 0.00 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.48 0.13 0.10 0.14 13.59 17.05 14.19 0.29 0.37 1.00 0.28 0.27 0.20 0.14 0.03 1.10 0.90 0.05 0.07 0.69 1.00 0.18 0.24 1.02 1.34 0.14 0.10 0.20 0.21 6.53 4.95 0.40 0.51 0.35 3.29 4.26 0.22 2.60 0.48 0.63 0.04 0.34 0.48 0.10 0.07 0.05 0.07 0.11 0.15 0.07 0.06 0.55 0.42

0.12 0.01 0.01 0.02 3.27 3.35 4.26 0.09 0.12 0.00 0.08 0.05 0.01 0.03 0.01 0.28 0.19 0.01 0.01 0.01 0.05 0.12 0.10 0.18 0.26 0.04 0.03 0.12 0.02 1.36 1.05 0.08 0.12 0.20 0.72 0.99 0.04 0.33 0.16 0.17 0.01 0.34 0.17 0.02 0.01 0.01 0.03 0.01 0.01 0.00 0.02 0.11 0.08

0.00 0.01 0.06 0.00 0.01 0.03 0.03 0.01 0.01 0.00 0.02 0.03 0.05 0.06 0.04 0.03 0.02 0.02 0.01 0.02 0.13 0.00 0.00 0.00 0.00 0.00 0.03 0.02 0.01 0.01 0.10 0.12 0.00 0.00 0.00 0.00 0.05 0.00 0.00 0.00 0.02 0.00 0.00 0.05 0.07 0.01 0.00 0.01 1.91 0.31 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.11 0.07 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.03 0.05 0.01 0.01 0.00 0.00 0.05 0.05 0.00 0.02 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.00 1.17 1.59 0.06 0.08 0.02 0.03 0.02 0.02 0.03 0.00 0.00 0.03 0.11 0.01 0.03 0.03 0.86 0.46 0.05 0.06 0.01 0.01 0.02 0.01 0.11 0.10 0.00 0.00

0.06 0.08 0.96 0.09 0.06 0.47 0.23 0.14 0.10 0.16 0.08 0.23 0.25 0.66 0.50 0.62 0.75 0.58 0.26 0.35 1.88 0.03 0.20 0.15 0.00 0.25 0.17 0.24 0.14 0.18 2.14 2.84 0.00 0.15 0.02 0.03 0.47 0.31 0.01 0.03 0.28 0.06 0.17 0.91 1.17 1.65 0.34 0.26 18.05 10.73 0.13 0.18 0.27 0.20 2.62 1.98 3.00 1.10 0.14 0.11 0.50 0.37 0.08 0.06 0.18 0.19 0.14 0.21 0.24 0.09 0.44 0.72 0.06 0.05 0.32 0.24 0.80 0.96 0.13 0.08 0.14 0.20 0.05 0.05 0.03 0.05 0.07 0.19 0.14 13.20 17.46 1.45 1.89 2.09 1.54 0.46 0.34 0.40 0.15 0.12 3.33 4.40 0.08 0.11 0.53 39.21 30.33 4.79 6.40 0.09 0.14 0.38 0.28 3.29 2.35 0.21 0.09

0.01 0.02 0.06 0.02 0.00 0.16 0.07 0.01 0.00 0.03 0.01 0.03 0.06 0.06 0.03 0.09 0.24 0.19 0.05 0.05 0.14 0.01 0.07 0.05 0.00 0.09 0.04 0.03 0.02 0.03 0.13 0.22 0.00 0.07 0.00 0.01 0.08 0.08 0.00 0.00 0.07 0.00 0.03 0.12 0.17 0.45 0.04 0.04 3.06 3.20 0.03 0.04 0.11 0.05 0.99 0.70 1.10 0.24 0.04 0.03 0.19 0.11 0.02 0.01 0.07 0.08 0.07 0.02 0.02 0.06 0.12 0.18 0.03 0.02 0.06 0.04 0.31 0.40 0.03 0.02 0.10 0.04 0.01 0.02 0.01 0.01 0.02 0.02 0.01 4.60 6.29 0.14 0.19 0.31 0.23 0.28 0.19 0.02 0.03 0.03 1.18 1.54 0.01 0.01 0.08 15.68 11.02 0.99 1.30 0.02 0.03 0.05 0.04 1.10 0.78 0.03 0.02

D-F 0.03 0.00 0.30 0.00 0.00 0.31 0.11 0.08 0.06 0.10 0.03 0.12 0.16 0.52 0.39 0.00 0.56 0.43 0.13 0.17 1.55 0.01 0.07 0.06 0.00 0.00 0.00 0.09 0.09 0.11 1.57 2.07 0.00 0.08 0.00 0.01 0.39 0.00 0.00 0.00 0.00 0.00 0.03 0.73 0.96 0.87 0.25 0.19 11.92 9.69 0.11 0.14 0.18 0.13 1.94 1.47 0.00 0.00 0.10 0.00 0.28 0.23 0.00 0.00 0.16 0.15 0.00 0.13 0.16 0.00 0.30 0.40 0.04 0.03 0.24 0.18 0.57 0.75 0.05 0.04 0.11 0.18 0.02 0.04 0.01 0.01 0.04 0.12 0.09 10.81 14.26 1.32 1.73 1.33 1.01 0.42 0.31 0.28 0.11 0.08 2.80 3.70 0.06 0.07 0.42 36.24 27.55 4.09 5.40 0.00 0.10 0.27 0.20 2.26 1.71 0.13 0.06

+ 0.04 + 0.05 + 0.43 0.08 unch + 0.06 0.31 0.11 + 0.09 0.06 0.11 unch + 0.04 + 0.14 + 0.19 + 0.61 + 0.46 0.09 0.56 0.43 0.14 0.18 + 1.67 + 0.02 0.07 unch + 0.06 0.00 0.12 unch 0.08 0.10 0.09 0.11 + 1.73 + 2.29 + 0.00 0.08 unch + 0.01 0.02 unch 0.39 0.30 unch 0.00 unch 0.00 unch + 0.25 + 0.01 + 0.04 + 0.79 + 1.04 + 0.87 0.26 unch 0.19 11.98 + 9.85 + 0.11 + 0.15 0.18 unch 0.13 unch 1.96 unch 1.48 unch 1.22 unch 1.10 unch + 0.12 0.09 unch + 0.40 + 0.30 0.05 0.04 + 0.17 0.16 unch 0.11 unch + 0.13 + 0.17 0.09 unch 0.30 0.40 + 0.05 + 0.03 0.25 unch + 0.19 0.57 0.75 0.05 unch 0.04 0.12 unch + 0.20 + 0.03 + 0.04 0.01 0.01 unch 0.04 unch 0.13 0.10 + 11.81 + 15.63 + 1.40 + 1.83 1.35 1.03 0.42 + 0.32 0.29 0.12 unch 0.09 + 2.82 + 3.79 + 0.06 0.07 0.42 + 36.67 + 27.55 + 4.11 + 5.43 0.07 0.13 + 0.29 + 0.21 + 2.36 + 1.79 0.13 unch 0.06 unch

G LOBAL M I N I N G

N EW S

(100s) Stock

Exc Volume

Engold Mines* Ensurge* Entree Res* Entree Res Equinox Gold Equinox Gold* Equitorial Ex* Equitorial Ex Equity Metals* Equity Metals Erdene Res Dev* Erdene Res Dev Erin Ventures* Erin Ventures Ero Copper Ero Copper* Eros Res Corp* Eros Res Corp Eros Res Corp Eskay Mng* Eskay Mng Essex Minerals Ethos Gold* Ethos Gold Etruscus Res Euro Manganese Euro Sun Mg Euro Sun Mg* EurOmax Res* EurOmax Res European Elect* European Elect European Metal* Evergold Evergold* Evolving Gold Evolving Gold* Evrim Res Excellon Res Excellon Res* Excelsior Mng* Excelsior Mng ExGen Res Inc ExGen Res Inc* Explorex Res* Explorex Res Fairmont Res* Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Far Res Far Res* FenixOro Gold FenixOro Gold* Fidelity Min Fidelity Min* Filo Mg Corp * Filo Mg Corp Finlay Minrls Fiore Gold* Fiore Gold Fiorentina Min Fire River Gol* FireFox Gold Firestone Vent Fireweed Zinc Fireweed Zinc* Firma Holdings* First Cobalt * First Cobalt First Energy* First Energy First Majestic First Majestic* First Mg Fin * First Mg Fin First Point* First Quantum First Vanadium First Vanadium* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Five Star Diam* Fjordland Exp* Fjordland Exp Flow Metals Flowery Gold* Focus Graphite* Focus Graphite Fokus Mining Foran Mng Forsys Metals Fort St J Nick Fort St James* Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay* Fortune Bay Fortune Mnrls* Fortune Mnrls Forum Energy Forum Energy* Fosterville Four Nines Four Nines* Fox River Res Fox River Res* FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Freegold Vent Freeman Gold Freeman Gold* Freeport McMoR* Freeport Res Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold Fura Gems* Fura Gems Fuse Cobalt* Fuse Cobalt

O 74 O 44 O 388 T 287 T 18912 X 12818 O 0 V 659 O 1331 V 3849 O 408 T 1373 O 73 V 848 T 1502 O 75 O 79 V 641 V 641 O 310 V 450 V 755 O 530 V 1470 C 265 V 3913 T 1392 O 359 O 3 T 199 O 648 V 20 O 40 V 491 O 110 C 30 O 9 V 936 T 354 O 1057 O 243 T 582 V 136 O 75 O 5 C 11 O 25 V 836 O 297 V 3275 O 1016 V 1367 C 1988 O 81 C 676 O 430 V 158 O 3 O 7 V 170 V 456 O 389 V 767 C 111 O 3 V 219 V 104 V 2124 O 29 O 80 O 2197 V 2376 O 905 C 1402 T 6878 N 33598 O 4040 T 8412 O 439 T 29269 V 460 O 362 V 250 O 411 O 958 T 1656 V 1656 O 3 O 48 V 299 C 2277 O 36 O 275 V 2399 V 752 V 69 T 313 V 1 O 1 O 8 T 12068 N 23574 O 4 V 137 O 194 T 1170 V 1657 O 321 V 2979 C 32 O 60 C 7 O 2 V 1811 N 4366 T 3082 O 429 T 11575 C 2143 O 52 N 117692 V 20 V 918 O 74 V 696 V 1463 O 1 V 82 O 4412 V 8101

G2 Goldfields* G2 Goldfields Gabriel Res* Gabriel Res Gaia Metals* Gaia Metals Gainey Capital Galane Gold * Galane Gold Galantas Gold Galantas Gold* Galiano Gold Galiano Gold* Galleon Gold Galleon Gold* Galore Res Galway Gold * Galway Gold Galway Mtls* Galway Mtls Gambier Gold Gambier Gold* Garibaldi Res * Garibaldi Res Gatling Explor Gatling Explor* General Moly* General Moly Generation Min* Generation Min Generic Gold Genesis Mtls* Genesis Mtls Genius Metals Gensource Pot Gentor Res Geomega Res Geomega Res* Gespeg Res Getchell Gold * Getchell Gold Getty Copper GFG Resources* GFG Resources GGL Res GGX Gold GGX Gold*

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

TH E N OR TH ER N

Week High

Low

0.04 0.04 0.36 0.47 17.50 13.29 0.00 0.24 0.15 0.20 0.39 0.51 0.04 0.04 20.68 15.52 0.09 0.11 0.11 0.68 0.89 0.92 0.26 0.33 0.41 0.24 0.48 0.37 0.02 0.04 0.04 0.48 0.23 0.52 0.38 0.08 0.06 0.42 5.38 0.81 0.58 0.77 0.02 0.01 3.74 5.10 0.33 0.46 0.72 0.19 0.17 0.08 0.09 0.07 0.60 0.46 0.09 0.08 1.45 1.93 0.10 1.32 1.73 0.45 0.36 0.17 0.23 1.02 0.78 0.00 0.12 0.15 0.20 0.26 16.61 12.63 0.39 0.51 0.64 14.85 0.48 0.36 0.10 0.08 0.33 0.42 0.05 0.03 0.08 0.12 0.12 0.36 0.02 0.03 0.36 0.20 0.19 0.00 0.09 13.07 10.47 7.95 0.95 1.28 0.07 0.09 0.15 0.12 3.86 0.30 0.18 0.08 0.06 0.84 150.33 197.70 0.01 1.30 0.62 0.89 17.50 0.69 0.11 17.40 0.27 0.03 0.12 0.16 0.06 0.07

0.00 0.03 0.33 0.43 15.40 11.64 0.00 0.01 0.08 0.11 0.36 0.48 0.00 0.04 18.91 14.72 0.07 0.10 0.10 0.59 0.78 0.66 0.20 0.26 0.34 0.09 0.43 0.32 0.02 0.00 0.03 0.00 0.20 0.40 0.30 0.00 0.05 0.37 4.60 0.75 0.52 0.69 0.02 0.01 0.00 0.00 0.33 0.42 0.32 0.14 0.10 0.07 0.08 0.05 0.52 0.40 0.08 0.08 1.40 1.80 0.06 1.24 1.65 0.35 0.20 0.15 0.00 0.88 0.69 0.00 0.10 0.14 0.16 0.22 15.43 11.67 0.33 0.44 0.44 12.35 0.40 0.30 0.08 0.05 0.27 0.37 0.04 0.03 0.08 0.10 0.07 0.08 0.01 0.02 0.33 0.18 0.17 0.00 0.09 11.72 9.30 7.07 0.00 1.15 0.06 0.08 0.13 0.10 2.76 0.21 0.15 0.08 0.06 0.58 142.57 188.01 0.01 0.93 0.52 0.40 16.26 0.65 0.09 16.45 0.23 0.02 0.00 0.15 0.03 0.04

Last

Stock

0.04 0.04 + 0.33 0.43 17.05 + 12.10 + 0.01 0.18 + 0.14 + 0.18 + 0.36 0.48 0.02 0.04 unch 19.85 + 15.11 + 0.09 + 0.10 unch 0.10 unch 0.64 + 0.84 + 0.90 + 0.20 0.26 0.36 + 0.13 + 0.44 0.33 0.02 unch 0.04 unch 0.03 unch 0.48 unch 0.20 unch 0.40 0.31 0.08 unch 0.05 0.38 4.77 0.80 unch 0.56 + 0.72 unch 0.02 unch 0.01 unch 3.72 5.05 + 0.33 unch 0.42 0.33 0.18 + 0.14 + 0.07 unch 0.08 + 0.06 + 0.53 0.40 0.09 unch 0.08 unch 1.44 + 1.92 + 0.08 + 1.25 1.66 0.45 + 0.36 + 0.15 0.19 + 0.99 + 0.74 + 0.00 0.12 + 0.15 + 0.18 + 0.24 + 15.69 + 11.91 + 0.37 + 0.49 + 0.53 14.61 + 0.45 + 0.35 + 0.08 0.06 0.28 + 0.38 + 0.04 unch 0.03 unch 0.08 unch 0.10 0.08 unch 0.08 0.02 + 0.03 unch 0.36 unch 0.20 + 0.18 + 0.16 unch 0.09 unch 11.76 9.98 + 7.60 + 0.87 1.25 + 0.07 0.08 0.14 0.11 3.26 + 0.25 + 0.15 unch 0.08 unch 0.06 unch 0.69 142.84 188.01 0.01 1.30 + 0.62 + 0.47 + 17.00 + 0.67 0.10 + 17.27 0.25 + 0.02 0.11 0.15 0.03 0.04 -

0.00 0.01 0.01 0.03 1.87 0.56 0.05 0.08 0.05 0.07 0.01 0.01 0.01 0.00 1.04 0.89 0.01 0.00 0.00 0.03 0.05 0.20 0.01 0.02 0.02 0.04 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.11 0.07 0.00 0.01 0.02 0.51 0.00 0.02 0.00 0.00 0.00 0.10 0.10 0.00 0.02 0.04 0.02 0.02 0.00 0.01 0.00 0.08 0.06 0.00 0.00 0.06 0.08 0.02 0.03 0.03 0.05 0.22 0.03 0.03 0.14 0.04 0.00 0.01 0.01 0.00 0.02 0.33 0.26 0.03 0.04 0.07 1.89 0.03 0.03 0.02 0.01 0.01 0.03 0.00 0.00 0.00 0.02 0.00 0.28 0.00 0.00 0.00 0.02 0.01 0.00 0.00 0.94 0.84 0.68 0.09 0.02 0.00 0.01 0.01 0.01 0.24 0.03 0.00 0.00 0.00 0.09 2.08 3.08 0.00 0.14 0.03 0.01 0.73 0.03 0.01 0.18 0.02 0.01 0.01 0.02 0.02 0.03

0.07 0.06 0.40 0.53 17.99 13.66 0.23 0.40 0.15 0.20 0.55 0.71 0.05 0.08 23.93 18.22 0.11 0.17 0.17 0.70 0.95 0.92 0.28 0.37 0.48 0.24 0.63 0.49 0.05 0.07 0.49 0.60 1.00 0.95 0.71 0.14 0.11 0.62 6.15 4.65 0.94 1.23 0.02 0.01 4.27 6.75 0.63 0.60 0.72 0.25 0.19 0.09 0.12 0.08 0.63 0.56 0.13 0.09 1.83 2.60 0.10 1.33 1.75 0.50 0.90 0.25 0.23 1.02 0.78 0.04 0.13 0.18 0.21 0.30 19.41 14.57 0.47 0.60 0.64 14.42 0.48 0.34 0.11 0.08 0.38 0.49 0.06 0.04 0.08 0.12 0.20 0.51 0.03 0.03 0.43 0.29 0.22 0.16 0.12 14.12 10.37 7.95 1.21 1.56 0.07 0.10 0.17 0.14 5.34 0.39 0.18 0.12 0.07 0.84 166.11 222.15 0.10 1.95 0.84 0.89 17.50 0.95 0.17 18.11 0.35 0.04 0.16 0.22 0.10 0.14

0.02 0.01 0.05 0.22 6.60 4.63 0.03 0.05 0.03 0.04 0.09 0.13 0.02 0.03 8.40 5.92 0.04 0.05 0.05 0.06 0.08 0.10 0.05 0.08 0.12 0.05 0.14 0.02 0.01 0.02 0.03 0.05 0.00 0.17 0.15 0.01 0.00 0.19 1.55 0.97 0.30 0.42 0.01 0.00 0.00 3.49 0.27 0.17 0.11 0.03 0.10 0.03 0.02 0.01 0.10 0.08 0.02 0.02 0.77 1.00 0.02 0.19 0.27 0.10 0.00 0.04 0.03 0.31 0.21 0.00 0.05 0.08 0.02 0.04 5.30 4.17 0.09 0.12 0.08 4.71 0.13 0.08 0.03 0.02 0.07 0.10 0.01 0.02 0.02 0.03 0.07 0.05 0.01 0.01 0.04 0.08 0.06 0.09 0.08 5.16 2.05 1.47 0.14 0.22 0.03 0.04 0.05 0.03 0.91 0.10 0.15 0.04 0.03 0.11 77.18 105.93 0.00 0.04 0.11 0.40 4.82 0.08 0.04 5.53 0.14 0.01 0.05 0.05 0.01 0.02

0.01 0.02 0.03 0.03 0.01 0.02 0.00 0.01 0.02 0.01 0.00 0.11 0.09 0.03 0.00 0.00 0.02 0.01 0.02 0.03 0.00 0.01 0.04 0.07 0.07 0.05 0.01 0.00 0.08 0.12 0.04 0.01 0.01 0.02 0.01 0.00 0.03 0.01 0.02 0.02 0.03 0.00 0.02 0.03 0.01 0.00 0.00

0.87 1.20 0.54 0.69 0.20 0.30 0.10 0.30 0.41 0.75 0.55 2.80 2.12 0.20 0.14 0.03 0.27 0.39 1.57 2.09 0.19 0.12 1.50 1.99 0.64 0.49 100.00 0.54 0.62 0.57 0.60 0.38 0.49 0.32 0.18 0.06 0.23 0.17 0.12 0.37 0.50 0.06 0.32 0.44 0.20 0.30 0.22

0.13 0.14 0.26 0.38 0.03 0.03 0.02 0.03 0.05 0.03 0.02 0.80 0.56 0.03 0.02 0.01 0.06 0.08 0.20 0.27 0.02 0.03 0.26 0.37 0.24 0.17 0.10 0.14 0.15 0.39 0.02 0.10 0.15 0.14 0.07 0.03 0.09 0.06 0.03 0.05 0.06 0.02 0.05 0.07 0.03 0.05 0.05

Giga Metals Giga Metals* Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake Gldn Predator* Gldn Predator Glen Eagle Res Glen Eagle Res* Glencore Plc * Glencore Plc* Global Atomic* Global Atomic Global Battery Global Battery* Global Energy Global Li-Ion Global Li-Ion* GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals GMV Minerals* GNCC Capital* Go Cobalt* Go Cobalt GobiMin GoGold Res Gold Bull Res* Gold Bull Res Gold Fields* Gold Fields* Gold Finder Ex* Gold Finder Ex Gold Lion Res Gold Lion Res* Gold Plus Gold Plus* Gold Port Gold Reserve* Gold Reserve Gold Resource* Gold Rush Cari Gold Std Vents Gold Std Vents* Gold X Mining Goldâ&#x20AC;&#x2122;n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldbank Mng* Goldcliff Res* Goldcliff Res Goldcore Res Golden Arrow Golden Arrow* Golden Band* Golden Birch Golden Cariboo Golden Dawn Ml Golden Dawn Ml* Golden Goliath Golden Goliath* Golden Harp Golden Hope Golden Hope* Golden Indepen Golden Lake Golden Mnls Golden Mnls* Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Star Golden Star* Golden Tag Golden Valley* Golden Valley Goldex Res* Goldex Res Goldgroup Mng Goldgroup Mng* GoldHaven Res* GoldMining GoldMining* GoldON Res* GoldON Res GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldsource Min Goldsource Min* Goldstar Mnls Goldstrike Res* Goldstrike Res Goliath Res* Goliath Res Gossan Res GoviEx Uranium* GoviEx Uranium Gowest Gold* Gowest Gold GPM Metals* GPM Metals GR Silver* GR Silver Gran Colombia* Gran Colombia Granada Gold Granada Gold* Grande Portage Grande Portage* Granite Creek Graphite Egy* Graphite One Graphite One* Gratomic Gratomic* Gray Rock Res Graycliff Exp Great Atlantic Great Bear Res Great Bear Res* Great Lakes Gr* Great Panther* Great Panther Great Thunder* Greatbanks Re Green River Green River* Green Swan Cap Green Valley M Greencastle Rs Greenland M&En* Greenshield Ex Grenville Gold Grid Metals Grid Metals* Grizzly Discvr* Grizzly Discvr Grosvenor Res Group Eleven Group Ten Mtls* Group Ten Mtls GrowMax Res* GSP Resource GT Gold GT Gold * Gungnir Res* Gungnir Res Gunpoint Expl Gunpoint Expl* Guyana Goldstr* Guyana Goldstr Handeni Gold* Hanna Capital* Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Happy Ck Mnrls Harfang Explor Harfang Explor* Harmony Gold* Harte Gold* Harte Gold Harvest Gold* Harvest Gold Hawkeye Gld&Di* Hawkeye Gld&Di Heatherdale Rs Hecla Mining* Hemcare Health*

G-H 19 358 1059 740 34 172 623 380 655 17 20 3173 5050 2724 697 300 62 18 73 898 882 55 232 820 418 384 7195 27 188 3764 554 138 485 931 545 0 950 79 135 395 254 180 461 632 173 144 6

0.50 0.69 0.34 0.47 0.13 0.16 0.04 0.20 0.26 0.35 0.23 2.10 1.60 0.15 0.11 0.03 0.14 0.17 1.14 1.49 0.19 0.12 0.46 0.61 0.42 0.31 0.14 0.19 0.46 0.61 0.60 0.23 0.31 0.32 0.17 0.00 0.21 0.16 0.09 0.36 0.47 0.06 0.23 0.31 0.20 0.21 0.16

0.44 0.57 0.27 0.00 0.11 0.14 0.04 0.18 0.24 0.29 0.23 1.90 1.45 0.11 0.09 0.03 0.00 0.00 1.02 1.38 0.14 0.12 0.38 0.49 0.34 0.26 0.12 0.16 0.34 0.47 0.49 0.21 0.28 0.26 0.16 0.00 0.17 0.14 0.08 0.31 0.41 0.06 0.19 0.26 0.00 0.14 0.12

0.44 0.58 0.32 0.41 0.11 0.14 0.04 0.18 0.24 0.34 0.23 2.05 1.54 0.15 0.11 0.03 0.12 0.17 1.07 1.40 0.16 0.12 0.40 0.51 0.42 0.31 0.13 0.17 0.42 0.57 0.54 0.22 0.29 0.27 0.17 0.03 0.17 0.14 0.08 0.32 0.43 0.06 0.22 0.29 0.20 0.19 0.15

(100s)

12-month High Low

Change

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

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

39873 32262 57 1 423 3997 645 83 461 1838 244 25 316 1389 342 626 27 4 126 961 31 1 113 462 103 59 69861 2 153 23 1830 34 642 0 53108 223 1413 409 7 4413 7 612 399 348 7069 292 3070 5609 217 198 2233 360 25 0 228 1410 135 303 153 75 255 27 76 2 3852 790 25 230 20 110 1327 352 5286 21 40 198 524 37 1154 3177 1429 27 38 217 300 944 219 179 3980 3923 16 648 508 281 11 415 49 4810 1430 3816 18 25 7 976 1436 882 1179 15 105 10 165 718 1350 270 2055 1473 713 720 290 322 12 132 255 2381 72 86 1953 46 333 123 72 12695 3367 22 102 130 23 238 8 40 918 95 51 823 167 67 285 1 597 365 386 161 712 469 73 102 448 17 1 223 1635 58 1 1011 382 82 38 188 806 20 42536 119 1213 13 283 60 323 103 47026 78

Week High

Low

2.44 1.84 0.17 0.11 0.19 0.28 0.16 0.12 0.26 0.35 0.11 0.07 2.45 4.79 0.54 0.70 0.11 0.08 0.26 0.15 0.12 0.20 0.61 0.81 0.31 0.23 0.00 0.12 0.08 0.30 1.66 0.52 0.70 0.00 14.90 0.08 0.09 0.55 0.42 0.22 0.15 0.30 1.80 2.32 3.96 0.03 1.14 0.87 3.93 0.30 0.14 0.11 0.12 0.00 0.09 0.12 0.15 0.21 0.16 0.00 0.19 0.10 0.13 0.10 0.38 0.29 0.29 0.38 0.28 0.38 0.32 0.63 0.48 0.15 0.20 0.28 2.03 0.18 6.71 5.09 0.40 6.08 7.99 0.06 0.09 0.07 0.06 0.42 3.58 2.78 0.43 0.57 0.47 0.07 0.04 0.04 0.55 0.18 0.13 0.03 0.23 0.33 0.13 0.19 0.14 0.11 0.15 0.28 0.35 0.05 0.07 0.61 0.80 5.29 6.98 0.25 0.20 0.60 0.46 0.17 0.79 0.50 0.39 0.21 0.16 0.19 0.84 0.63 18.17 14.20 0.00 1.05 1.38 0.51 0.14 0.09 0.06 0.05 0.28 0.09 0.23 0.17 0.15 0.18 0.13 0.05 0.07 0.00 0.10 0.27 0.36 0.02 0.67 1.64 1.25 0.07 0.09 0.87 0.67 0.04 0.05 0.05 0.05 0.09 0.49 0.38 0.58 0.10 0.45 0.25 6.62 0.14 0.19 0.19 0.27 0.03 0.03 1.10 5.93 1.29

0.98 0.75 0.14 0.11 0.09 0.13 0.13 0.11 0.22 0.29 0.10 0.07 2.31 4.59 0.49 0.63 0.00 0.07 0.00 0.00 0.09 0.20 0.52 0.68 0.26 0.21 0.00 0.00 0.07 0.29 1.54 0.00 0.47 0.00 13.09 0.06 0.08 0.49 0.39 0.17 0.00 0.22 1.71 2.26 3.63 0.03 1.05 0.78 3.70 0.00 0.09 0.07 0.12 0.00 0.07 0.09 0.12 0.19 0.14 0.00 0.14 0.00 0.13 0.09 0.29 0.22 0.24 0.34 0.26 0.38 0.25 0.59 0.44 0.15 0.00 0.25 1.85 0.15 5.93 4.52 0.35 5.56 7.07 0.05 0.07 0.06 0.04 0.27 3.13 2.36 0.00 0.52 0.41 0.06 0.00 0.03 0.43 0.15 0.11 0.02 0.22 0.29 0.12 0.15 0.11 0.10 0.14 0.25 0.33 0.05 0.06 0.54 0.71 4.99 6.60 0.20 0.15 0.55 0.41 0.16 0.68 0.38 0.28 0.15 0.12 0.16 0.52 0.62 16.71 12.69 0.00 0.98 1.30 0.00 0.11 0.08 0.06 0.04 0.25 0.08 0.19 0.16 0.15 0.15 0.11 0.04 0.06 0.00 0.10 0.24 0.32 0.02 0.41 1.45 1.12 0.06 0.07 0.00 0.67 0.00 0.04 0.00 0.05 0.07 0.00 0.33 0.51 0.08 0.36 0.25 5.50 0.12 0.16 0.19 0.22 0.03 0.00 0.99 5.46 1.00

Last

12-month Change

1.16 0.88 0.16 + 0.11 unch 0.18 + 0.23 + 0.16 unch 0.11 0.22 0.29 0.10 0.07 unch + 2.34 4.62 + 0.50 0.66 unch 0.11 + 0.08 + 0.20 + 0.15 unch 0.11 + 0.20 unch 0.60 + 0.76 + 0.29 0.23 + 0.00 + 0.06 0.07 0.29 1.60 + 0.49 + 0.62 + 12.90 unch 13.09 + 0.07 0.08 0.54 + 0.39 0.20 + 0.15 + 0.30 + 1.72 2.28 3.68 0.03 1.08 + 0.85 + 3.75 0.30 + 0.13 + 0.09 + 0.12 + 0.11 unch 0.08 + 0.11 + 0.13 + 0.20 + 0.15 + 0.00 unch 0.16 0.09 0.13 unch 0.09 0.33 + 0.26 + 0.29 0.36 unch 0.27 0.38 unch 0.31 + 0.61 + 0.45 + 0.15 unch 0.19 unch 0.25 2.00 unch 0.15 6.30 + 4.73 + 0.37 5.99 + 7.78 + 0.06 + 0.09 + 0.07 + 0.05 + 0.29 + 3.25 2.41 0.40 0.53 + 0.43 unch 0.06 0.04 0.04 + 0.43 + 0.17 + 0.13 + 0.03 + 0.22 0.30 0.12 0.16 0.12 + 0.11 0.15 + 0.27 + 0.35 + 0.05 0.07 + 0.55 0.71 5.07 + 6.74 + 0.22 0.16 0.57 unch 0.44 0.17 + 0.68 + 0.46 + 0.37 + 0.20 + 0.15 + 0.19 + 0.84 + 0.62 + 16.84 12.69 0.00 unch 1.02 + 1.36 + 0.50 0.11 0.08 + 0.06 + 0.04 unch 0.28 + 0.08 unch 0.20 0.16 unch 0.15 + 0.15 + 0.11 0.05 0.06 0.16 unch 0.10 + 0.27 + 0.36 + 0.02 unch 0.41 1.48 1.14 0.06 0.07 0.80 0.67 unch 0.02 0.04 0.02 0.05 unch 0.09 + 0.45 + 0.34 0.55 + 0.10 0.40 + 0.25 unch 5.53 0.13 unch 0.17 unch 0.19 0.26 0.03 unch 0.03 unch 1.05 + 5.68 + 1.25 +

0.49 0.38 0.01 0.00 0.07 0.09 0.00 0.01 0.03 0.05 0.01 0.00 0.04 0.03 0.01 0.00 0.01 0.01 0.03 0.00 0.01 0.00 0.08 0.07 0.01 0.01 0.00 0.02 0.01 0.01 0.05 0.11 0.13 0.00 0.22 0.00 0.01 0.01 0.03 0.03 0.01 0.08 0.03 0.03 0.13 0.01 0.05 0.07 0.06 0.09 0.04 0.01 0.01 0.00 0.00 0.01 0.02 0.01 0.00 0.00 0.03 0.01 0.00 0.01 0.02 0.02 0.04 0.00 0.01 0.00 0.03 0.02 0.01 0.00 0.00 0.01 0.00 0.02 0.38 0.23 0.02 0.48 0.41 0.00 0.01 0.01 0.00 0.01 0.27 0.25 0.02 0.02 0.00 0.01 0.01 0.01 0.02 0.02 0.01 0.01 0.01 0.02 0.01 0.03 0.01 0.00 0.01 0.02 0.02 0.00 0.01 0.03 0.07 0.20 0.28 0.03 0.03 0.00 0.01 0.01 0.00 0.05 0.06 0.05 0.03 0.01 0.13 0.02 1.03 0.95 0.00 0.04 0.05 0.03 0.04 0.01 0.01 0.00 0.03 0.00 0.01 0.00 0.02 0.01 0.00 0.00 0.01 0.00 0.01 0.02 0.02 0.00 0.05 0.10 0.06 0.01 0.01 0.07 0.00 0.02 0.01 0.03 0.00 0.02 0.01 0.02 0.03 0.01 0.04 0.00 0.47 0.00 0.00 0.00 0.03 0.00 0.00 0.05 0.23 0.20

(100s)

High Low

Stock

2.44 1.84 0.55 0.14 0.19 0.29 0.17 0.25 0.37 0.48 0.14 0.10 3.39 6.66 0.65 0.90 0.16 0.11 0.45 0.19 0.13 0.58 0.61 0.81 0.34 0.27 0.00 0.14 0.16 0.35 1.84 0.52 0.70 15.00 14.90 0.13 0.17 0.75 0.51 0.26 0.18 0.30 2.02 2.70 6.24 0.04 1.50 1.14 4.62 0.30 0.14 0.11 0.19 0.14 0.14 0.18 0.18 0.22 0.16 0.01 0.28 0.15 0.38 0.28 0.38 0.29 0.44 0.50 0.36 0.40 0.32 0.80 0.58 0.25 0.38 0.33 2.09 0.20 6.89 5.20 0.42 6.08 8.06 0.09 0.12 0.10 0.07 0.45 3.85 3.00 0.82 1.15 0.50 0.08 0.05 0.05 0.59 0.19 0.14 0.05 0.28 0.50 0.25 1.95 0.16 0.14 0.19 0.31 0.46 0.07 0.09 0.72 0.95 6.19 8.10 0.34 0.26 0.68 0.52 0.20 1.01 0.75 0.54 0.25 0.19 0.23 0.84 0.80 19.83 14.62 0.02 1.07 1.42 0.71 0.18 0.10 0.06 0.06 0.40 0.10 0.23 0.22 0.18 0.27 0.20 0.07 0.10 0.20 0.14 0.30 0.39 0.15 0.67 2.25 1.63 0.08 0.10 0.93 0.67 0.09 0.11 0.14 0.05 0.09 0.54 0.41 2.94 0.13 0.45 0.25 7.61 0.21 0.28 0.19 0.29 0.04 0.05 1.35 6.79 1.92

Hemlo Expl* Hemlo Expl High Point Exp Highbank Res HighGold* HighGold Highland Copp* Highland Copp Highway 50 Gld Highway 50 Gld* HiHo Silver* Hochschild Mg* Honey Badger E* Honey Badger E Horizonte Mnls HudBay Min HudBay Min* Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hybrid Mineral Hylands Intl

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

I-Minerals I-Minerals* IAMGOLD IAMGOLD* Icon Explor* Iconic Mnls * Iconic Mnls Idaho Champion Idaho Champion* IEMR Res IM Exploration IMC Intl Mng IMC Intl Mng* iMetal Res iMetal Res* IMPACT Silver Impala Platnm* Imperial Metal Imperial Metal* Imperial Mg Gr Inca One Gold* Inca One Gold Inception Mng * Independence G Independence G* Indigo Expl Infinite Ore* Infinite Ore Inflection Res Infrastructure* Inomin Mines Intact Gold Integra Res* Integra Res Inter-Rock Mnl Intercontinent Intl Battery Intl Battery* Intl Bethl Mng Intl Bethl Mng* Intl Cobalt* Intl Cobalt Intl Lithium* Intl Lithium Intl Millm Mng Intl Montoro* Intl Montoro Intl Prospect * Intl Prospect Intl Star* Intl Tower Hil* Intl Tower Hil Intl Zeolite* Intl Zeolite Intrepid Pots* INV Metals* INV Metals Inventus Mg * Inventus Mg InZinc Mining InZinc Mining* Ion Energy Irving Res* Irving Res IsoEnergy Ltd Itafos* Itafos Itoco Inc* Ivanhoe Mines* Ivanhoe Mines Ivor Explor Jade Leader* Jade Leader Jaeger Res Jaguar Mng Jaguar Mng* Japan Gold Japan Gold* Jaxon Mining* Jaxon Mining Jayden Res Jayden Res* Jervois Mining* Jervois Mining JNC Resources Josemaria Res* Josemaria Res Joshua Gold* Jourdan Res Jubilee Gold Jubilee Metals* Juggernaut Exp* Juggernaut Exp Jupiter Gold* K2 Gold K9 Gold* K92 Mining K92 Mining* Kaizen Discov Kaizen Discvry* Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* Kenadyr Mining* Kenadyr Mining Kerr Mines* Kerr Mines Kesselrun Res* Kesselrun Res Kestrel Gold Kilo Goldmines Kilo Goldmines* Kincora Copper* Kincora Copper King Global* King Global Kingman Min Kings Bay Res Kingsmen Res Kingsmen Res* Kinross Gold Kinross Gold* Kintavar Exp Kirkland Lake* Kirkland Lake Klondike Gold* Klondike Gold Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Komet Resource Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kore Mining Kore Mining * Kutcho Copper * KWG Res* KWG Res

La Imperial Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources*

0.13 0.09 0.05 0.01 0.04 0.04 0.11 0.05 0.11 0.15 0.07 0.05 1.29 2.51 0.18 0.23 0.02 0.03 0.05 0.03 0.03 0.10 0.19 0.26 0.08 0.05 0.00 0.01 0.02 0.20 0.37 0.01 0.02 4.09 3.79 0.02 0.02 0.17 0.34 0.05 0.14 0.04 1.05 1.82 2.02 0.01 0.46 0.27 0.75 0.14 0.02 0.02 0.09 0.06 0.05 0.07 0.04 0.09 0.06 0.00 0.03 0.02 0.04 0.02 0.04 0.02 0.04 0.06 0.05 0.05 0.07 0.20 0.13 0.04 0.04 0.08 0.66 0.03 2.56 1.85 0.03 5.15 3.10 0.04 0.06 0.02 0.01 0.11 0.85 0.61 0.14 0.20 0.09 0.02 0.01 0.01 0.07 0.06 0.03 0.01 0.00 0.12 0.00 0.12 0.02 0.05 0.08 0.08 0.10 0.02 0.03 0.07 0.10 2.10 2.88 0.09 0.06 0.10 0.07 0.03 0.00 0.14 0.10 0.03 0.00 0.04 0.30 0.30 3.68 7.46 0.00 0.23 0.32 0.10 0.06 0.04 0.06 0.01 0.05 0.03 0.04 0.00 0.06 0.08 0.05 0.01 0.02 0.09 0.02 0.09 0.12 0.00 0.08 0.66 0.50 0.02 0.03 0.43 0.29 0.01 0.02 0.02 0.01 0.02 0.06 0.04 0.50 0.06 0.15 0.17 1.76 0.05 0.08 0.04 0.06 0.00 0.01 0.28 1.40 0.54

Exc Volume

Week

M I N ER

12-month

High

Low

Last

17 330 3 1815 253 978 64 96 711 4 100 32 21 536 849 5513 4486 269 44 46 537 886 4

0.75 0.98 0.00 0.02 2.40 3.14 0.04 0.06 0.23 0.17 0.01 3.35 0.05 0.06 0.15 6.34 4.82 0.13 0.10 0.11 0.15 0.25 0.04

0.62 0.75 0.00 0.02 2.12 2.79 0.04 0.00 0.18 0.13 0.01 2.94 0.05 0.05 0.13 5.82 4.41 0.12 0.08 0.09 0.13 0.13 0.04

0.62 0.78 0.08 0.02 2.20 2.95 0.04 0.06 0.21 0.17 0.01 3.27 0.05 0.06 0.13 6.24 4.72 0.12 0.09 0.11 0.15 0.17 0.04

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

103 91 8815 19637 5 10 324 875 44 2172 95 365 436 314 0 1408 1 285 23 605 289 280 94 273 21 142 9 1492 166 665 190 75 626 405 213 35 160 470 555 10 290 249 36 73 46 217 1865 42 67 1609 1256 81 0 411 639 141 660 115 329 385 40 350 391 450 373 1 9 1013 547 7193 57 1 21 21 600 224 775 458 107 220 1704 0 1648 1705 45 348 2216 37 833 1 125 20 260 7 1132 8 24376 1374 228 77 1215 21 27 13 943 36651 175 1133 206 1614 173 737 6299 365 22 34 207 309 3000 1438 363 112 9 38907 88630 220 8006 6963 127 336 2266 10646 420 27 1084 517 1130 1745 48 540 413 247 500 1030

0.03 0.02 5.83 4.43 0.09 0.09 0.12 0.27 0.20 0.04 0.16 0.19 0.16 0.17 0.00 1.06 9.43 3.56 2.75 0.09 0.54 0.67 0.03 0.17 0.13 0.11 0.05 0.06 0.55 0.00 0.16 0.06 3.64 4.74 0.45 0.12 0.11 0.08 0.06 0.03 0.01 0.01 0.04 0.05 0.02 0.06 0.09 0.12 0.15 0.00 1.44 1.86 0.03 0.06 10.68 0.38 0.51 0.13 0.17 0.04 0.02 0.39 2.63 3.45 1.20 0.30 0.36 0.12 4.66 5.99 0.30 0.04 0.07 0.04 8.09 6.20 0.36 0.27 0.06 0.08 0.09 0.00 0.26 0.35 0.42 0.54 0.73 0.10 0.03 0.00 0.09 0.12 0.16 1.00 0.80 0.46 8.42 6.42 0.05 0.04 0.44 0.30 0.27 0.70 3.47 0.00 0.04 0.05 0.12 0.15 0.30 0.40 0.11 0.02 0.04 0.11 0.14 0.03 0.05 0.12 0.02 0.18 0.13 13.59 10.32 0.12 55.00 72.40 0.20 0.26 0.07 0.09 2.49 0.29 0.42 0.25 0.37 0.48 3.00 1.60 1.22 0.25 0.00 0.01

C O V O O T O

36 292 844 93 7 1205 2468

0.09 0.36 0.48 0.01 20.66 28.08 0.05

Change

High Low

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

0.13 0.20 0.00 0.00 0.04 0.00 0.01 0.01 0.05 0.04 0.00 0.26 0.00 0.01 0.01 0.26 0.19 0.01 0.01 0.02 0.02 0.02 0.00

0.81 1.11 0.08 0.03 2.44 3.14 0.04 0.06 0.23 0.17 0.21 4.35 0.08 0.10 0.20 6.26 4.82 0.38 0.30 0.14 0.18 0.25 0.06

0.04 0.17 0.02 0.01 0.42 0.57 0.01 0.02 0.06 0.04 0.01 0.99 0.01 0.01 0.03 1.66 1.23 0.07 0.04 0.02 0.04 0.01 0.03

0.03 unch 0.02 5.37 + 4.08 + 0.09 + 0.09 + 0.12 + 0.25 0.18 0.04 + 0.14 + 0.15 0.12 0.14 0.02 unch 1.00 + 9.43 unch 3.40 2.57 0.09 + 0.47 + 0.62 + 0.03 + 0.16 + 0.13 + 0.11 + 0.04 0.05 0.50 + 0.00 0.16 0.06 unch 3.51 + 4.59 + 0.40 + 0.12 unch 0.10 unch 0.08 + 0.04 0.03 unch 0.01 0.01 unch 0.03 0.05 0.02 unch 0.06 0.08 + 0.12 0.15 unch 0.00 1.34 + 1.80 + 0.03 0.05 10.52 + 0.38 0.50 0.13 + 0.15 unch 0.03 0.02 + 0.37 + 2.56 3.30 1.17 + 0.30 0.32 0.11 4.47 + 5.86 + 0.28 + 0.04 0.07 0.04 7.76 + 5.92 + 0.35 + 0.26 + 0.06 0.07 0.07 + 0.03 unch 0.24 0.31 unch 0.42 unch 0.54 + 0.70 + 0.09 + 0.03 unch 0.70 unch 0.08 0.12 + 0.16 + 1.00 unch 0.80 + 0.46 7.89 + 6.06 + 0.04 unch 0.03 + 0.41 + 0.30 + 0.25 0.63 3.27 + 0.00 unch 0.04 0.05 unch 0.10 0.14 0.27 0.37 0.10 + 0.02 unch 0.01 0.10 0.14 + 0.03 + 0.04 + 0.12 + 0.02 + 0.15 0.12 13.09 + 10.00 + 0.12 + 51.32 67.65 0.18 0.25 + 0.06 + 0.08 + 2.22 + 0.29 0.41 + 0.25 + 0.36 + 0.46 unch 0.57 1.45 1.11 0.22 + 0.00 unch 0.01 +

0.00 0.00 0.03 0.03 0.01 0.01 0.01 0.02 0.01 0.03 0.02 0.05 0.03 0.03 0.00 0.03 0.00 0.02 0.00 0.01 0.03 0.05 0.00 0.01 0.02 0.01 0.01 0.01 0.02 0.00 0.01 0.00 0.08 0.07 0.03 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.05 0.09 0.00 0.01 1.22 0.03 0.04 0.01 0.00 0.01 0.00 0.04 0.05 0.06 0.02 0.02 0.09 0.01 0.05 0.03 0.03 0.01 0.01 0.01 0.17 0.15 0.03 0.02 0.00 0.01 0.03 0.00 0.00 0.00 0.00 0.03 0.04 0.03 0.00 0.00 0.00 0.00 0.02 0.00 0.23 0.15 0.05 0.11 0.00 0.00 0.23 0.05 0.03 0.01 0.21 0.00 0.00 0.00 0.01 0.01 0.03 0.02 0.03 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.02 0.01 1.49 1.20 0.01 1.18 1.75 0.00 0.01 0.01 0.02 0.82 0.00 0.04 0.12 0.00 0.00 1.83 0.03 0.01 0.02 0.00 0.00

0.06 0.05 7.07 5.35 0.14 0.11 0.15 0.44 0.47 0.04 0.18 1.00 0.73 0.60 0.47 1.25 10.60 3.56 2.75 0.11 0.67 0.86 0.08 0.17 0.13 0.15 0.10 0.14 0.63 0.00 0.25 0.09 5.50 5.90 0.45 0.33 0.18 0.13 0.06 0.04 0.02 0.02 0.05 0.07 0.03 0.08 0.11 0.15 0.23 0.00 2.27 3.07 0.06 0.12 34.75 0.78 1.11 0.15 0.21 0.04 0.03 0.50 3.48 4.60 1.44 1.03 1.40 0.90 4.66 6.08 0.30 0.24 0.33 0.08 9.20 7.05 0.45 0.34 0.09 0.14 0.09 0.03 0.26 0.35 0.54 0.70 0.85 0.40 0.03 0.95 0.09 0.44 0.50 1.50 0.80 0.65 8.50 6.50 0.08 0.06 0.44 0.30 0.33 1.28 3.57 0.00 0.07 0.10 0.17 0.23 0.35 0.46 0.11 0.03 0.04 0.14 0.19 0.04 0.10 0.23 0.03 0.20 0.15 13.50 10.32 0.17 57.69 76.43 0.29 0.39 0.07 0.09 1.96 0.34 0.54 0.25 0.46 0.54 3.00 1.96 1.48 0.27 0.01 0.01

0.02 0.01 2.00 1.44 0.01 0.02 0.04 0.04 0.04 0.01 0.04 0.15 0.10 0.08 0.06 0.22 4.60 0.99 0.70 0.03 0.01 0.16 0.02 0.03 0.01 0.06 0.01 0.03 0.45 0.00 0.03 0.03 3.30 1.53 0.16 0.11 0.07 0.05 0.01 0.01 0.00 0.01 0.02 0.03 0.01 0.01 0.01 0.05 0.07 0.00 0.33 0.43 0.02 0.02 6.00 0.13 0.17 0.05 0.07 0.01 0.01 0.30 1.02 1.45 0.23 0.14 0.21 0.03 1.35 1.80 0.20 0.02 0.04 0.01 1.05 0.50 0.19 0.12 0.02 0.03 0.01 0.00 0.05 0.11 0.18 0.21 0.31 0.04 0.01 0.38 0.03 0.06 0.10 0.20 0.11 0.07 1.55 1.12 0.03 0.02 0.13 0.03 0.09 0.04 2.45 0.00 0.02 0.02 0.06 0.10 0.02 0.03 0.01 0.01 0.00 0.02 0.01 0.00 0.01 0.06 0.01 0.07 0.05 4.00 2.72 0.05 18.03 25.67 0.10 0.14 0.01 0.02 0.12 0.05 0.05 0.05 0.08 0.12 0.35 0.15 0.09 0.03 0.00 0.01

0.00 0.09 unch 0.30 0.32 0.40 0.42 0.01 0.01 + 19.96 20.66 + 26.05 27.48 + 0.03 0.05 +

0.00 0.03 0.04 0.00 0.55 0.59 0.02

0.12 0.50 0.63 0.20 21.78 28.95 0.32

0.01 0.09 0.10 0.00 9.71 13.25 0.02

I-J-K 0.03 0.02 5.37 4.07 0.08 0.08 0.10 0.24 0.00 0.02 0.12 0.15 0.10 0.14 0.00 0.95 9.43 3.26 2.50 0.08 0.40 0.57 0.00 0.16 0.11 0.10 0.04 0.05 0.47 0.00 0.13 0.06 3.35 4.45 0.00 0.12 0.09 0.06 0.02 0.03 0.01 0.01 0.03 0.00 0.02 0.05 0.07 0.09 0.12 0.00 1.30 1.70 0.03 0.05 8.88 0.36 0.46 0.11 0.15 0.03 0.02 0.31 2.37 3.12 1.15 0.00 0.00 0.09 4.29 5.67 0.23 0.04 0.07 0.00 7.42 5.61 0.32 0.24 0.06 0.07 0.05 0.00 0.21 0.30 0.42 0.49 0.65 0.00 0.02 0.00 0.07 0.11 0.14 0.00 0.57 0.46 7.13 5.40 0.00 0.02 0.20 0.20 0.25 0.00 3.07 0.00 0.03 0.05 0.10 0.14 0.23 0.31 0.08 0.02 0.01 0.10 0.13 0.03 0.00 0.10 0.01 0.15 0.11 11.76 8.90 0.10 51.27 67.65 0.17 0.24 0.05 0.07 1.53 0.00 0.34 0.14 0.34 0.46 0.00 1.44 1.08 0.19 0.00 0.01

/ SEP TEM BER 2 8 â&#x20AC;&#x201C; OCTOBER 1 1 , 2 0 2 0

(100s) Stock

Exc Volume

Week

12-month

High

Low

0.00 0.74 + 0.27 0.29 + 0.00 0.00 unch 1.00 1.09 + 0.75 0.82 + 0.11 0.11 0.04 0.05 + 0.02 0.04 + 0.09 0.09 unch 0.00 0.14 + 0.17 0.17 0.22 0.22 0.17 0.19 + 0.24 0.24 + 0.39 0.40 0.20 0.21 0.00 0.10 unch 0.00 0.00 unch 0.15 0.17 + 0.11 0.12 + 1.58 1.75 + 0.08 0.08 + 0.22 0.22 unch 0.23 0.23 0.25 0.25 0.20 0.23 1.88 1.94 + 1.38 1.48 + 0.05 0.07 + 0.13 0.13 unch 9.35 14.25 + 7.14 10.31 + 0.22 0.22 0.18 0.18 0.14 0.16 + 0.06 0.06 + 0.07 0.08 + 0.07 0.07 0.09 0.19 + 0.10 0.10 0.06 0.06 0.09 0.09 0.05 0.05 + 0.03 0.04 0.00 0.60 + 0.57 0.78 + 0.00 1.21 + 3.80 4.10 + 0.18 0.18 unch 0.14 0.14 unch 0.54 0.57 + 0.13 0.13 + 0.18 0.18 + 0.38 0.50 + 0.27 0.37 + 0.72 0.75 + 0.95 0.99 + 0.86 0.90 + 11.39 11.90 + 6.08 6.42 + 8.18 8.44 + 0.00 0.04 + 0.04 0.04 + 0.03 0.03 + 1.70 1.83 + 1.65 1.82 +

Lara Expl Laramide Res Laredo Res* Largo Res Largo Res* Lasalle Explor Latin American Latin American* Latin Metals* Latin Metals Laurion Mnl Ex* Laurion Mnl Ex Leading Edge* Leading Edge Leeta Gold Legion Metals Leo Res* Lepanto Con Mg* Libero Copper Libero Copper* Liberty Gold* Lida Resources* Lido Minerals Lightspeed Dis Lightspeed Dis* Lincoln Mng Lion One Mtls Lion One Mtls* Lions Bay Cap Lions Gate Mtl* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithoquest Dia LKA Gold* Lode-Star Mg* Logan Res* Logan Res Lomiko Mtls Lomiko Mtls* Loncor Res* Loncor Res Lone Star Gold* Los Andes Lovitt Res Lovitt Res* Lucara Diam Lucky Min* Lucky Min Luckystrike Luckystrike * Lumina Gold* Lumina Gold Luminex Res Lundin Gold Lundin Mng* Lundin Mng Lupaka Gold * Lupaka Gold Lydian Intl* Lynas Corp* Lynas Corp*

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

48 804 639 1544 824 52 4476 264 4 70 284 990 452 323 3420 1351 0 1257 915 698 1189 82 75 32 76 235 536 481 1508 2 5505 24083 145 50 592 3 206 963 20 43 1 31 1350 197 38 558 17 37 48 38 291 7 99 200 14 351 465 142 2022 243 13140 1 441 231 380 245

0.75 0.30 0.00 1.13 0.85 0.12 0.05 0.04 0.09 0.14 0.18 0.24 0.20 0.26 0.42 0.24 0.00 0.00 0.17 0.13 1.80 0.10 0.24 0.33 0.25 0.25 2.02 1.54 0.12 0.13 14.78 11.22 0.26 0.20 0.17 0.06 0.08 0.07 0.19 0.10 0.06 0.09 0.05 0.04 0.63 0.89 1.21 4.10 0.18 0.14 0.57 0.13 0.19 0.50 0.37 0.77 1.01 0.91 11.98 6.59 8.54 0.04 0.04 0.04 1.91 1.93

Macarthur Min Macarthur Min* MacDonald Mns* MacDonald Mns MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold Major Precious Major Precious* Makara Mining Makara Mining* Makena Res* Mako Mining* Mako Mining Mammoth Res Mandalay Res Mandalay Res* Manganese X* Manganese X Mangazeya Mng Mangazeya Mng* Manitou Gold * Manitou Gold Maple Gold Maple Gold* Marathon Gold* Marathon Gold Margaret Lake Margaux Res Margaux Res* Marifil Mines* Marifil Mines Marimaca Cop Marimaca Cop* Mariner Res Mariner Res* Maritime Res MartinMarietta* Mas Gold Mascota Res* Mason Graphite* Mason Graphite Matachewan Con Matica Ent Matmown* Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent MaxTech Vent* Maxwell Res* Maya Gold &Sil* Mazarin McChip Res McEwen Mng McEwen Mng* McLaren Res MDN Inc* Mechel* Medallion Res Medallion Res* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium Mega Uranium* Megastar Dev Megastar Dev* MegumaGold MegumaGold* Melior Res Melior Res* Melkior Res Melkior Res* Meridian Mg Meridian Mg * Meryllion Res* Meryllion Res MetalCorp* MetalCorp Metalex Vent Metalla Rylty Metallic Mnrls Metallic Mnrls* Metallica Min* Metallis Res Metalo Manuf Metalore Res Metalore Res* Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* Mexus Gold* MGX Minerals* MGX Minerals Mich Resources Midas Gold Midas Gold* Midasco Cap Midland Expl Midnight Star

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

886 215 1915 4766 1390 24 484 270 16 273 24 189 324 0 1496 746 59 1176 1487 236 172 120 4490 20961 99 35 406 9954 1753 867 313 3853 1278 1981 198 112 616 53 1 28 10 1987 3130 550 0 290 367 47 2222 2 1174 1843 534 1711 3426 956 97 0 84 68 1 2918 35903 335 24 354 1936 1603 264 394 1987 1 697 289 82 18 310 58 164 0 234 67 26 0 4 32 3 58 507 377 718 590 8 84 36 1 1 46 1526 555 194 1055 27162 496 446 80 2666 4366 35 144 585

0.56 0.42 0.09 0.12 24.00 1.54 1.35 1.05 0.27 0.06 0.05 0.07 0.41 0.00 1.17 0.90 0.56 0.34 0.45 0.05 1.83 1.39 0.85 1.11 0.08 0.06 0.05 0.07 0.18 0.14 2.00 2.55 0.05 0.16 0.12 0.05 0.07 3.25 2.40 0.60 0.00 0.17 229.74 0.08 0.00 0.16 0.21 0.14 0.04 0.01 7.55 5.75 0.34 0.44 0.39 0.10 0.08 0.07 2.15 0.10 0.00 1.71 1.31 0.10 0.60 1.68 0.41 0.31 0.06 0.07 0.00 0.14 0.14 0.11 0.18 0.14 0.20 0.14 0.07 0.04 0.95 0.68 0.30 0.00 0.00 0.01 0.02 0.04 0.06 11.35 0.87 0.71 0.02 0.44 0.15 2.97 1.79 0.06 0.08 0.06 0.25 0.12 0.00 0.07 0.09 0.30 1.65 1.25 0.08 1.05 0.16

Last

Change

High Low

0.03 0.01 0.00 0.09 0.06 0.01 0.02 0.01 0.00 0.02 0.01 0.02 0.01 0.01 0.02 0.01 0.00 0.00 0.02 0.00 0.16 0.00 0.00 0.07 0.00 0.01 0.06 0.04 0.02 0.00 4.95 3.30 0.04 0.01 0.00 0.01 0.02 0.01 0.10 0.02 0.01 0.01 0.01 0.00 0.15 0.21 0.11 0.13 0.00 0.00 0.02 0.02 0.02 0.09 0.05 0.00 0.01 0.01 0.54 0.08 0.03 0.01 0.01 0.00 0.09 0.14

1.02 0.37 0.01 1.69 1.25 0.22 0.06 0.04 0.11 0.15 0.18 0.24 0.25 0.34 0.58 0.54 0.15 0.00 0.22 0.16 1.82 0.20 0.30 0.33 0.25 0.28 2.66 2.00 0.12 0.18 12.76 11.22 0.43 0.33 0.27 0.14 0.24 0.10 0.20 0.28 18.09 1.00 0.07 0.05 0.64 0.89 2.33 4.50 0.27 0.20 1.18 0.30 0.38 0.58 0.43 0.91 1.19 1.08 13.49 6.59 8.59 0.04 0.05 0.09 1.91 1.94

0.44 0.10 0.00 0.56 0.40 0.08 0.01 0.00 0.04 0.05 0.09 0.09 0.03 0.01 0.08 0.14 0.01 0.00 0.03 0.02 0.38 0.08 0.19 0.08 0.07 0.05 0.72 0.50 0.01 0.13 2.90 1.92 0.10 0.07 0.05 0.01 0.03 0.03 0.04 0.03 0.00 0.06 0.02 0.01 0.22 0.31 0.15 1.95 0.12 0.09 0.40 0.05 0.08 0.13 0.10 0.29 0.46 0.41 5.82 2.82 4.08 0.00 0.01 0.00 0.58 0.55

0.09 0.06 0.01 0.01 2.66 0.21 0.07 0.03 0.01 0.00 0.00 0.00 0.05 0.00 0.18 0.14 0.02 0.00 0.00 0.01 0.05 0.07 0.40 0.53 0.00 0.01 0.01 0.01 0.04 0.02 0.17 0.26 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.01 15.30 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.92 0.63 0.02 0.03 0.08 0.01 0.01 0.00 0.23 0.01 0.00 0.19 0.16 0.01 0.07 0.03 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.04 0.00 0.01 0.01 0.02 0.00 0.10 0.05 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.43 0.06 0.05 0.00 0.00 0.03 0.05 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.02 0.05 0.08 0.00 0.02 0.01

0.67 0.50 0.16 0.21 24.21 1.84 1.89 1.46 0.48 0.09 0.06 0.08 0.82 0.52 1.65 1.27 0.74 0.50 0.54 0.06 2.12 1.65 0.85 1.11 0.13 0.09 0.07 0.08 0.22 0.17 2.00 2.62 0.09 0.16 0.14 0.10 0.12 3.70 2.60 0.62 0.46 0.23 281.82 0.14 28.00 0.28 0.36 0.18 0.06 0.05 7.39 5.75 0.44 0.57 0.45 0.12 0.09 0.51 2.15 0.18 0.65 2.54 1.91 0.18 0.60 3.43 0.41 0.31 0.07 0.11 0.00 0.29 0.15 0.12 0.20 0.14 0.21 0.16 0.08 0.03 1.25 0.89 0.39 0.26 0.00 0.02 0.03 0.05 0.07 13.47 1.30 0.94 0.02 0.77 0.35 3.65 1.88 0.08 0.10 0.12 0.42 0.15 0.03 0.16 0.21 0.50 2.04 1.55 0.15 1.13 0.35

0.07 0.04 0.04 0.05 5.33 0.20 0.24 0.02 0.04 0.03 0.02 0.04 0.25 0.52 0.50 0.63 0.22 0.13 0.17 0.02 0.46 0.38 0.04 0.06 0.04 0.02 0.02 0.02 0.04 0.03 0.52 0.71 0.02 0.05 0.03 0.02 0.03 1.00 0.03 0.13 0.46 0.05 135.08 0.03 0.51 0.08 0.12 0.10 0.02 0.00 3.10 2.51 0.09 0.13 0.06 0.03 0.02 0.05 0.65 0.04 0.39 0.76 0.53 0.01 0.14 1.28 0.05 0.03 0.02 0.03 0.00 0.02 0.05 0.03 0.05 0.05 0.08 0.03 0.01 0.01 0.06 0.01 0.04 0.03 0.00 0.01 0.00 0.01 0.02 4.06 0.10 0.07 0.01 0.11 0.07 1.00 0.81 0.02 0.03 0.03 0.15 0.01 0.00 0.02 0.04 0.08 0.24 0.16 0.07 0.46 0.10

M 0.46 0.47 0.35 0.36 0.07 0.09 + 0.10 0.12 + 20.71 23.36 + 1.25 1.53 + 1.23 1.35 + 0.92 1.03 + 0.00 0.27 0.05 0.05 unch 0.05 0.05 0.06 0.07 unch 0.25 0.33 0.00 0.52 unch 0.98 1.11 0.75 0.85 0.52 0.54 0.30 0.33 unch 0.40 0.43 unch 0.05 0.05 1.65 1.65 1.26 1.26 0.21 0.60 + 0.30 0.81 + 0.08 0.08 unch 0.05 0.05 0.04 0.05 0.05 0.06 0.15 0.18 + 0.11 0.13 + 1.74 1.91 + 2.30 2.54 + 0.04 0.04 unch 0.14 0.16 + 0.11 0.12 + 0.05 0.05 0.06 0.06 3.07 3.14 unch 0.00 2.40 unch 0.50 0.59 0.00 0.46 unch 0.15 0.17 210.15 225.22 + 0.08 0.08 unch 0.00 1.75 unch 0.14 0.16 + 0.19 0.21 + 0.14 0.14 unch 0.03 0.03 0.01 0.01 unch 6.57 7.35 + 4.98 5.55 + 0.29 0.33 + 0.38 0.44 + 0.28 0.35 + 0.08 0.08 0.05 0.07 + 0.00 0.07 unch 1.83 2.06 + 0.09 0.10 + 0.00 0.45 unch 1.46 1.47 1.10 1.10 0.08 0.09 0.52 0.59 + 1.56 1.60 + 0.30 0.35 + 0.23 0.26 + 0.05 0.05 0.07 0.07 0.00 0.00 0.00 0.14 unch 0.13 0.14 0.10 0.10 0.14 0.14 0.00 0.14 unch 0.16 0.18 + 0.12 0.14 + 0.00 0.07 + 0.04 0.04 unch 0.76 0.90 + 0.57 0.66 + 0.27 0.28 + 0.00 0.22 unch 0.00 0.00 0.01 0.01 unch 0.02 0.02 unch 0.03 0.03 unch 0.04 0.05 + 10.62 11.15 + 0.77 0.81 0.57 0.62 0.02 0.02 + 0.37 0.43 unch 0.13 0.15 + 0.00 2.40 + 1.79 1.79 unch 0.05 0.06 0.07 0.07 unch 0.05 0.06 0.23 0.23 0.09 0.11 + 0.00 0.00 0.05 0.06 0.08 0.08 0.28 0.28 1.45 1.58 1.05 1.15 0.07 0.08 unch 0.95 1.05 + 0.14 0.15 +

SEP TEM BER 2 8 – OCTOBER 1 1 , 2 0 2 0

/ TH E N OR TH ER N

M I N ER

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

Exc Volume

Week Low

0.19 0.21 + 0.25 0.28 + 1.23 1.43 + 0.88 1.06 + 0.11 0.14 + 0.16 0.18 + 0.11 0.11 0.62 0.64 0.47 0.48 0.51 0.52 unch 0.39 0.40 0.52 0.53 unch 0.69 0.69 0.14 0.14 0.17 0.18 0.29 0.32 + 0.22 0.25 + 0.00 0.00 unch 0.06 0.07 unch 0.05 0.05 0.07 0.09 + 0.00 0.01 0.00 0.00 unch 0.35 0.40 unch 0.41 0.43 + 0.22 0.23 unch 0.10 0.11 + 0.09 0.09 unch 0.11 0.11 0.15 0.15 0.11 0.12 + 0.37 0.39 + 0.50 0.50 unch 0.10 0.12 + 0.13 0.16 + 0.12 0.12 + 0.00 0.17 unch 0.01 0.01 unch 0.06 0.07 unch 0.14 0.14 unch 0.16 0.16 0.08 0.08 0.05 0.06 0.10 0.10 0.13 0.15 + 17.74 19.26 + 0.48 0.53 + 0.36 0.40 + 0.31 0.31 + 0.39 0.41 + 0.00 0.12 unch 0.15 0.16 + 0.10 0.10 unch 0.42 0.42 unch

Midnight Sun* Midnight Sun Millennial Lit Millennial Lit* Millrock Res* Millrock Res Milner Con Slv Minaurum Gold Minaurum Gold* Minco Silver Minco Silver* Minera Alamos * Minera Alamos Minera IRL* Minera IRL Mineral Mtn Mineral Mtn* MineralRite* Mineworx Tech Mineworx Tech* Minfocus Expl Minfocus Expl* Mining Global* Minnova Corp Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Monarca Mnrls Monarca Mnrls* Monarch Gold* Monarch Gold Moneta Porcpn* Moneta Porcpn Monitor Vent* Monitor Vent Montego Res Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Morien Res* Morien Res Mosaic* Mountain Boy Mountain Boy* Mountain Prov* Mountain Prov Mundoro Cap* Mundoro Cap Murchison Min Musgrave Min*

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

239 271 83 93 1193 1271 14 702 527 382 155 648 948 107 875 899 175 2522 1271 215 386 2 2145 122 585 1934 166 2 221 991 426 595 1250 1282 4123 3 3 165 548 9 141 772 91 184 222 38325 365 63 38 176 37 151 50 35

0.21 0.28 1.45 1.10 0.15 0.21 0.11 0.69 0.53 0.60 0.42 0.55 0.72 0.16 0.20 0.33 0.25 0.00 0.07 0.06 0.09 5.00 0.00 0.43 0.46 0.25 0.11 0.09 0.12 0.17 0.13 0.40 0.53 0.13 0.16 0.12 0.17 0.01 0.08 0.14 0.19 0.10 0.07 0.10 0.15 20.03 0.56 0.41 0.33 0.43 0.12 0.16 0.10 0.42

NA Frac Sand* NACCO Ind* Namibia Crit Namibia Crit* Napier Vent Natural Res Pt* Nautilus Mnrls* Navis Res Corp* Navy Res Neo Lithium Neometals* Network Expl* Network Expl Nevada Canyon* Nevada Copper Nevada Energy* Nevada Energy Nevada Expl * Nevada Expl Nevada Sunrise* Nevada Sunrise Nevada Zinc Nevado Res New Age Metals* New Age Metals New Carolin Gd* New Carolin Gd New Destiny Mg New Dimen Res New Dimen Res* New Egy Min* New Energy Met* New Energy Met New Found Gold New Gold* New Gold New Guinea Gld* New Jersey Mng* New Milln Iron* New Milln Iron New Oroperu New Pac Metals* New Pac Metals New Placer* New Placer New Stratus New Tech Min* New Tech Min New World Res* Newcore Gold Newcore Gold* Newlox Gold Newmac Res Newmont Corp Newmont Corp* Newport Expl Newport Gold* NewRange Gold* NewRange Gold Nexa Resources Nexa Resources* Nexco Res Nexgen Energy Nexgen Energy* NextSource Mat Nexus Gold* Nexus Gold NGEx Minerals* NGEx Minerals Nickel Creek Nickel Creek* Nickel North Nicola Mg Inc Nicola Mg Inc* Nighthawk Gold* Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nippon Dragon* Noble Metal Noble Mineral Noble Mineral* Noram Vent* Noram Vent Noranda Alum* Norilsk Nickel* Noront Res* Noront Res Norra Metals Norse Gold Norseman Cap Norsemont Cap Norsemont Cap* Nortec Mnls Nortec Mnls* North Am Nickl* North Am Nickl North Arrow Mn* North Arrow Mn North Bay Res * North Peak Res* North Peak Res Northcliff Res Northern Light Northern Uran Northisle C&G Northisle C&G * Northstar Gold Northstar Gold* Norvista Cap NorZinc* NorZinc Nouveau Monde*

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

42875 125 171 378 87 74 1154 30 55 4651 23 131 298 101 5943 134 408 428 377 1781 722 117 10 1204 1549 38 826 19 1956 29 23 6 1 2552 68597 41007 90 512 704 110 68 697 7687 220 1715 768 0 972 15 1618 5 1667 24 416 32860 82 1161 496 1453 10 219 175 1699 1664 2001 375 3270 13 134 3338 3216 1740 789 28 223 835 1956 28 429 696 35 40 1065 1128 107 35 361 8 433 16 420 1102 5 95 756 388 1757 400 1565 1508 56 176 20961 10 75 2547 1152 3261 113 244 489 90 109 417 412 164

0.01 20.96 0.22 0.20 0.07 12.42 0.00 2.20 0.40 0.81 0.16 0.21 0.27 0.12 0.14 0.07 0.08 0.17 0.21 0.23 0.28 0.06 0.11 0.06 0.08 0.06 0.07 0.05 0.10 0.08 0.02 0.03 0.00 2.56 2.06 2.71 0.00 0.33 0.05 0.07 2.66 5.45 7.23 0.53 0.68 0.25 0.10 0.15 1.78 0.90 0.51 0.14 0.07 90.16 68.57 0.42 0.00 0.14 0.18 10.16 7.88 0.14 2.42 1.84 0.04 0.08 0.10 0.41 0.58 0.22 0.16 0.10 0.18 0.13 1.18 1.54 0.81 0.17 0.86 0.67 0.06 0.05 0.01 0.10 0.08 0.14 0.18 0.03 26.34 0.14 0.20 0.15 0.06 0.25 2.25 1.70 0.03 0.02 0.33 0.30 0.05 0.07 0.00 0.48 0.57 0.04 0.10 0.02 0.14 0.11 0.39 0.27 0.16 0.08 0.10 0.16

Last

12-month

High

Change

Stock

0.00 0.03 0.10 0.06 0.02 0.02 0.04 0.04 0.04 0.00 0.01 0.00 0.01 0.02 0.01 0.02 0.02 0.00 0.00 0.00 0.02 4.99 0.00 0.00 0.03 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.01 0.95 0.02 0.00 0.01 0.02 0.00 0.01 0.00 0.00

0.21 0.28 1.66 1.24 0.23 0.32 0.20 0.85 0.67 0.87 0.66 0.60 0.78 0.18 0.24 0.53 0.43 0.00 0.24 0.18 0.09 5.00 0.00 0.60 0.62 0.35 0.16 0.16 0.18 0.19 0.14 0.45 0.59 0.16 0.22 0.33 0.45 0.06 0.10 0.17 0.20 0.12 0.09 0.50 0.65 22.50 0.69 0.52 0.86 1.44 0.14 0.21 0.18 0.60

0.04 0.03 0.61 0.38 0.06 0.08 0.02 0.22 0.16 0.20 0.14 0.11 0.16 0.07 0.05 0.16 0.12 0.00 0.06 0.05 0.02 0.01 0.00 0.05 0.29 0.02 0.05 0.06 0.08 0.02 0.01 0.07 0.11 0.04 0.06 0.08 0.12 0.01 0.02 0.02 0.01 0.04 0.02 0.06 0.08 6.50 0.14 0.09 0.17 0.25 0.06 0.09 0.04 0.32

0.00 0.54 0.03 0.03 0.00 1.18 0.00 0.29 0.09 0.17 0.01 0.00 0.01 0.02 0.00 0.00 0.01 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.14 0.10 0.10 0.00 0.03 0.00 0.00 0.10 0.10 0.03 0.14 0.19 0.05 0.00 0.03 0.05 0.13 0.00 0.01 0.00 1.95 1.51 0.04 0.00 0.02 0.03 0.47 0.69 0.00 0.04 0.05 0.01 0.00 0.01 0.00 0.04 0.07 0.06 0.01 0.01 0.01 0.09 0.15 0.12 0.02 0.04 0.04 0.00 0.00 0.00 0.02 0.02 0.00 0.01 0.00 0.25 0.01 0.01 0.00 0.00 0.01 0.18 0.12 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.05 0.01 0.00 0.01 0.00 0.00 0.02 0.01 0.00 0.00 0.01 0.00

0.03 66.40 0.37 0.29 0.21 27.78 0.03 3.44 0.40 0.92 0.40 0.35 0.41 0.40 0.38 0.11 0.16 0.30 0.39 0.25 0.31 0.08 0.15 0.11 0.15 0.11 0.15 0.10 0.10 0.08 0.10 0.20 0.15 2.56 2.06 2.71 0.13 0.39 0.06 0.09 2.95 5.60 7.23 0.80 0.95 0.25 0.10 0.15 1.90 0.92 0.67 0.19 0.09 96.45 72.22 0.45 0.01 0.31 0.43 14.33 10.98 0.16 2.64 2.04 0.07 0.12 0.14 0.41 0.60 0.18 0.14 0.10 0.21 0.14 2.20 3.00 0.81 0.28 1.02 0.78 0.09 0.06 0.03 0.14 0.10 0.17 0.27 0.05 35.52 0.18 0.24 0.15 0.09 0.30 2.79 2.21 0.04 0.03 0.33 0.30 0.06 0.08 0.00 3.00 1.38 0.08 0.11 0.02 0.15 0.11 0.55 0.38 0.19 0.09 0.12 0.21

0.00 18.87 0.08 0.06 0.04 8.50 0.00 0.92 0.12 0.38 0.08 0.06 0.08 0.03 0.12 0.02 0.04 0.08 0.12 0.01 0.01 0.03 0.07 0.02 0.03 0.02 0.03 0.02 0.02 0.02 0.01 0.00 0.02 1.24 0.39 0.55 0.00 0.12 0.03 0.04 0.45 1.68 2.34 0.05 0.25 0.03 0.10 0.02 0.36 0.14 0.09 0.03 0.03 44.00 33.00 0.25 0.00 0.05 0.07 3.94 2.57 0.06 0.76 0.50 0.02 0.01 0.03 0.16 0.24 0.02 0.02 0.01 0.04 0.04 0.26 0.97 0.20 0.10 0.53 0.38 0.01 0.01 0.01 0.03 0.02 0.04 0.05 0.00 18.62 0.08 0.12 0.02 0.02 0.04 0.25 0.20 0.01 0.00 0.02 0.06 0.02 0.03 0.00 0.16 0.30 0.02 0.02 0.01 0.01 0.01 0.19 0.22 0.04 0.01 0.02 0.09

Nouveau Monde NovaGold Res NovaGold Res* Novo Res* Novo Res NQ Minerals Pl* NRG Metals* NRG Metals Nrthn Graphite Nrthn Graphite* Nrthn Lion Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* Nrthn Vertex Nrthn Vertex* NSGold NSS Res Inc Nthn Dynasty Nthn Dynasty* Nthrn Sphere* Nubian Res Nuinsco Res Nuinsco Res* NuLegacy Gold NuLegacy Gold* Nutrien* Nutrien NV Gold NV Gold* NxGold Ltd* NxGold Ltd O.T. Mining* O3 Mining* O3 Mining Oakley Vent OceanaGold* OceanaGold Oceanic Iron O Oceanus Res* Oceanus Res Odyssey Res Olivut Res* Olivut Res Omineca Mining Omineca Mining* One World Lith One World Lith* Opawica Expl* Opawica Expl Optimum Vent Optimus Gold Opus One Res Orca Gold Orca Gold* Orea Mining Orea Mining* Orefinders Res Orestone Mng Orex Mnrls* Orex Mnrls Orezone Gold* Orezone Gold Orford Mining OrganiMax* OrganiMax Origen Res Origin Gold Original Sixtn* Orla Mng Ltd* Orla Mng Ltd Oroco Res Oroco Res* Orocobre Orosur Mng Orsu Metals Orsu Metals* Orvana Mnrls Orvana Mnrls* Osino Res Osisko Gold Osisko Gold* Osisko Metals Osisko Metals* Osisko Mng Inc Osprey Gold Otso Gold Otso Gold* Outcrop Gold Outcrop Gold* OZ Minerals*

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

P2 Gold* P2 Gold Pac Bay Mnrls Pac Booker Min Pac Booker Min* Pac Cascade Pac Imperial Pac Ridge Expl Pac Ridge Expl* Pac Wildcat* Pacific Empire Pacific Rim Pacific Rim* Pacific Silk* Pacific Silk Pacton Gold Paladin Energy* Palamina Corp* Palamina Corp Palayan Res* Paleo Resource Paleo Resource* Palladium One Palladium One* Pan Am Silver* Pan Am Silver Pan Global Res* Pan Global Res Pancontinental Pancontinental* Panex Res* Pangolin Dia Panoro Mnrls Panoro Mnrls* PanTerra Gold* Pantheon Vent Para Resources Parallel Mng Parallel Mng * Paramount Gold* Paringa Res* Parlane Res Pasinex Res Pasofino Gold Pasofino Gold* Patriot Gold Patriot Gold* Peabody Enrgy* Pedro Res Pelangio Expl* Pelangio Expl Peloton Mnrls Peloton Mnrls* PepinNini Lith* Perseus Mng Pershimex Res Pershing Res* Peruvian Metal* Peruvian Metal Philex Mng* Phoenix Global* Phoenix Gold Pine Cliff En* Pine Cliff En Pistol Bay Mng Pistol Bay Mng* Pivit Explor PJSC Polyus Gd* PJX Res Plata Latina Plate Res Plateau Energy Plateau Energy* Platinex Inc* Platinex Inc Platinum Gp Mt Platinum Gp Mt* Plato Gold

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

N-O 0.01 18.87 0.19 0.14 0.07 10.66 0.00 0.00 0.31 0.70 0.14 0.16 0.21 0.06 0.13 0.05 0.06 0.14 0.18 0.15 0.21 0.00 0.00 0.05 0.07 0.05 0.06 0.04 0.09 0.00 0.01 0.03 0.00 2.02 1.83 2.41 0.00 0.30 0.05 0.07 2.26 4.71 6.21 0.34 0.44 0.20 0.10 0.12 1.68 0.73 0.51 0.12 0.07 85.20 64.54 0.39 0.00 0.11 0.16 0.00 6.26 0.13 2.30 1.75 0.03 0.06 0.09 0.00 0.51 0.12 0.09 0.04 0.16 0.12 1.04 1.36 0.67 0.15 0.82 0.59 0.06 0.00 0.01 0.08 0.06 0.13 0.16 0.00 25.43 0.13 0.18 0.12 0.06 0.21 1.90 1.44 0.02 0.02 0.16 0.21 0.05 0.00 0.00 0.00 0.00 0.03 0.09 0.01 0.11 0.08 0.32 0.24 0.15 0.07 0.09 0.14

0.01 19.40 0.22 + 0.18 + 0.07 unch 12.00 + 0.00 + 1.90 0.40 + 0.75 + 0.15 + 0.18 + 0.24 + 0.12 + 0.13 unch 0.07 + 0.08 + 0.14 0.19 0.18 0.24 0.06 + 0.11 + 0.05 0.08 unch 0.05 0.07 0.04 unch 0.09 + 0.08 + 0.01 0.03 0.05 unch 2.26 1.88 + 2.47 + 0.00 unch 0.30 0.05 + 0.07 unch 2.40 4.95 + 6.40 + 0.35 0.45 0.24 + 0.10 unch 0.15 + 1.68 + 0.86 + 0.51 unch 0.14 + 0.07 unch 85.62 64.71 0.39 0.00 + 0.12 0.16 9.06 6.52 0.13 unch 2.33 + 1.79 + 0.04 0.07 + 0.09 + 0.39 0.56 + 0.19 + 0.15 + 0.04 0.17 0.13 + 1.06 1.39 0.79 + 0.17 + 0.85 + 0.65 + 0.06 unch 0.05 0.01 unch 0.08 0.06 0.13 0.18 + 0.01 25.47 0.13 + 0.19 + 0.13 unch 0.06 unch 0.25 + 2.24 + 1.69 + 0.03 + 0.02 unch 0.16 0.21 0.05 unch 0.07 + 0.00 unch 0.44 0.53 0.03 0.10 unch 0.01 + 0.12 unch 0.09 + 0.35 + 0.27 + 0.15 unch 0.07 + 0.10 0.16 -

(100s)

High Low

Exc Volume

(100s) Stock

Week High

Low

Last

341 2732 10775 953 2421 77 68 89 229 232 1 8 2342 767 711 1294 821 265 73 8574 77698 106 473 251 828 2206 1438 8762 12792 68 127 106 260 81 144 638 78 7 12654 322 775 967 2711 213 84 946 832 98 49 0 948 490 48 407 464 222 715 864 5260 670 240 710 347 1295 286 3 7 164 151 8 204 3196 1591 1731 199 524 67 55 163 46 468 4119 4444 635 9 17661 309 4444 457 1069 565 21

0.21 15.91 12.07 2.95 3.90 0.11 0.27 0.34 0.27 0.21 0.43 0.06 0.08 0.90 0.70 0.68 0.56 0.69 0.05 1.59 1.22 0.02 0.64 0.01 0.01 0.24 0.19 42.06 55.40 0.40 0.30 0.47 0.62 0.05 2.23 2.99 0.25 2.11 2.95 0.21 0.48 0.65 0.06 0.07 0.08 0.58 0.49 0.09 0.07 0.00 0.19 0.45 0.15 0.10 0.57 0.44 0.17 0.13 0.26 0.08 0.21 0.28 0.77 1.04 0.19 0.06 0.09 0.20 0.30 0.25 4.68 6.12 1.14 0.86 2.77 0.12 0.34 0.29 0.29 0.22 1.60 17.50 13.31 0.44 0.32 4.45 0.09 0.06 0.05 0.66 0.51 10.86

0.20 14.08 10.62 2.49 3.26 0.10 0.00 0.33 0.23 0.16 0.00 0.04 0.07 0.68 0.52 0.62 0.47 0.21 0.04 1.26 0.96 0.00 0.49 0.01 0.00 0.19 0.15 39.51 52.04 0.36 0.27 0.43 0.57 0.04 1.84 2.41 0.19 0.00 2.58 0.17 0.40 0.53 0.05 0.03 0.00 0.45 0.34 0.00 0.06 0.00 0.00 0.40 0.15 0.09 0.49 0.37 0.15 0.11 0.18 0.07 0.19 0.25 0.70 0.93 0.16 0.05 0.00 0.17 0.26 0.25 4.20 5.52 0.85 0.65 2.44 0.09 0.00 0.28 0.25 0.19 1.35 16.85 12.74 0.40 0.30 3.98 0.09 0.05 0.03 0.60 0.45 10.56

0.21 15.42 11.62 2.94 3.87 0.11 0.25 0.33 0.27 0.19 0.43 0.06 0.08 0.89 0.68 0.67 0.51 0.45 0.04 1.52 1.11 0.00 0.59 0.01 0.01 0.19 0.15 41.59 54.99 0.37 0.28 0.43 0.57 0.04 2.18 2.97 0.22 2.07 2.58 0.21 0.42 0.56 0.06 0.07 0.05 0.47 0.37 0.09 0.07 0.11 0.19 0.45 0.15 0.09 0.55 0.41 0.15 0.11 0.21 0.08 0.19 0.25 0.71 0.94 0.18 0.05 0.08 0.18 0.30 0.25 4.45 5.92 1.05 0.80 2.73 0.11 0.33 0.29 0.29 0.21 1.50 17.14 13.03 0.44 0.32 4.01 0.09 0.06 0.04 0.61 0.47 10.62

80 185 53 28 9 153 86 78 31 3 535 287 382 25 28 1211 1251 55 48 146 70 203 1091 343 10615 3440 256 1198 385 24 0 45 636 1174 0 1972 30 379 250 1325 88 106 269 374 124 110 1051 21775 1082 33 254 155 71 63 382 176 3648 34 602 18 19 353 80 1056 4204 309 295 2 168 23 499 353 271 323 1550 228 1616 268

0.42 0.55 0.19 1.60 1.33 0.16 0.04 0.08 0.06 0.00 0.16 0.12 0.09 0.03 0.03 1.67 0.12 0.23 0.30 1.42 0.02 0.01 0.11 0.11 37.11 48.78 0.28 0.48 0.12 0.10 0.00 0.04 0.14 0.11 0.01 0.08 0.55 0.16 0.11 1.32 0.03 0.08 0.02 0.30 0.23 0.16 0.14 4.17 0.11 0.18 0.23 0.11 0.08 0.10 1.50 0.07 0.02 0.05 0.05 0.05 0.70 0.25 0.16 0.21 0.07 0.05 0.39 117.00 0.13 0.04 0.09 0.32 0.25 0.05 0.07 3.12 2.36 0.04

12-month Change

High Low

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

0.00 1.44 1.07 0.37 0.51 0.01 0.00 0.03 0.03 0.00 0.00 0.02 0.01 0.01 0.01 0.04 0.03 0.24 0.00 0.19 0.10 0.02 0.07 0.01 0.00 0.04 0.02 1.84 2.62 0.02 0.01 0.02 0.05 0.01 0.22 0.57 0.03 0.18 0.04 0.04 0.00 0.01 0.01 0.01 0.01 0.12 0.08 0.01 0.01 0.00 0.02 0.10 0.00 0.01 0.05 0.03 0.02 0.02 0.04 0.01 0.00 0.01 0.04 0.05 0.01 0.00 0.02 0.02 0.01 0.09 0.22 0.38 0.20 0.15 0.18 0.03 0.01 0.00 0.02 0.01 0.05 0.39 0.35 0.04 0.01 0.05 0.00 0.01 0.01 0.03 0.01 0.01

0.27 18.00 12.85 3.30 4.16 0.13 0.37 0.81 0.35 0.28 0.45 0.25 0.18 0.99 0.76 0.68 0.56 0.69 0.15 3.28 2.49 0.10 0.69 0.02 0.03 0.24 0.19 52.29 69.52 0.48 0.38 0.53 0.74 0.10 2.29 2.99 0.25 2.86 4.01 0.21 0.52 0.70 0.06 0.08 0.09 0.75 0.55 0.15 0.12 0.11 0.24 0.45 0.15 0.12 0.70 0.54 0.25 0.18 0.26 0.28 0.24 0.31 1.01 1.27 0.24 0.14 0.21 0.27 0.37 0.25 5.36 7.51 1.14 0.86 3.52 0.14 0.45 0.33 0.32 0.26 1.65 17.50 13.31 0.57 0.44 4.85 0.12 0.11 0.08 0.88 0.66 10.86

0.13 6.40 4.65 1.00 1.41 0.05 0.04 0.24 0.06 0.04 0.10 0.02 0.05 0.07 0.05 0.15 0.11 0.06 0.03 0.50 0.35 0.00 0.07 0.01 0.00 0.03 0.02 23.85 34.80 0.07 0.05 0.02 0.10 0.02 0.64 1.06 0.12 0.81 1.16 0.04 0.03 0.04 0.02 0.02 0.03 0.05 0.03 0.03 0.02 0.03 0.05 0.15 0.01 0.02 0.20 0.15 0.09 0.06 0.04 0.03 0.03 0.04 0.14 0.22 0.02 0.03 0.04 0.13 0.05 0.02 1.10 1.42 0.20 0.05 1.60 0.03 0.10 0.09 0.11 0.09 0.43 6.35 4.65 0.24 0.17 1.67 0.02 0.02 0.02 0.08 0.06 3.48

0.35 0.35 + 0.45 0.45 0.19 0.19 unch 1.34 1.55 1.04 1.22 0.13 0.16 + 0.03 0.03 0.00 0.08 + 0.04 0.05 + 0.00 0.00 unch 0.14 0.15 0.11 0.11 unch 0.08 0.08 0.03 0.03 unch 0.03 0.03 unch 1.27 1.64 + 0.10 0.11 + 0.21 0.22 + 0.27 0.29 + 1.15 1.24 0.02 0.02 unch 0.01 0.01 + 0.10 0.10 unch 0.07 0.08 + 33.97 34.63 + 44.94 46.42 + 0.26 0.28 0.35 0.47 + 0.11 0.11 + 0.00 0.10 + 0.00 0.00 unch 0.03 0.03 0.11 0.14 0.10 0.11 + 0.00 0.01 unch 0.00 0.08 unch 0.49 0.52 + 0.15 0.15 + 0.10 0.10 unch 1.12 1.22 + 0.03 0.03 unch 0.06 0.07 unch 0.02 0.02 unch 0.23 0.28 0.22 0.22 0.15 0.16 + 0.09 0.12 + 2.78 4.07 + 0.10 0.11 unch 0.15 0.15 0.20 0.21 0.10 0.10 unch 0.07 0.08 + 0.00 0.10 unch 1.36 1.47 + 0.00 0.06 0.01 0.01 0.00 0.04 + 0.05 0.05 + 0.05 0.05 unch 0.00 0.68 0.15 0.21 + 0.16 0.16 unch 0.17 0.19 0.06 0.06 unch 0.04 0.05 + 0.34 0.34 0.00 117.00 + 0.00 0.13 unch 0.04 0.04 + 0.07 0.09 + 0.29 0.30 0.20 0.23 0.04 0.05 + 0.06 0.07 + 2.80 2.99 + + 2.12 2.26 0.03 0.04 +

0.00 0.10 0.00 0.06 0.11 0.02 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.36 0.01 0.01 0.02 0.11 0.00 0.00 0.00 0.00 0.16 0.96 0.00 0.09 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.04 0.01 0.00 0.09 0.00 0.00 0.00 0.01 0.01 0.03 0.03 1.16 0.00 0.02 0.03 0.00 0.01 0.00 0.14 0.01 0.00 0.00 0.01 0.00 0.00 0.04 0.00 0.03 0.00 0.00 0.02 1.99 0.00 0.01 0.02 0.01 0.02 0.00 0.01 0.21 0.19 0.01

0.59 0.90 0.19 3.33 2.40 0.16 0.08 0.09 0.07 0.01 0.21 0.33 0.36 0.03 0.03 2.10 0.14 0.26 0.34 1.82 0.05 0.04 0.24 0.20 40.11 53.30 0.31 0.48 0.13 0.10 0.00 0.10 0.17 0.13 0.02 0.09 1.90 0.30 0.13 1.48 0.19 0.10 0.05 0.42 0.31 0.16 0.14 16.91 0.19 0.20 0.27 0.12 0.08 0.10 1.52 0.10 0.06 0.06 0.08 0.10 0.70 0.25 0.18 0.24 0.07 0.05 0.41 128.00 0.19 0.06 0.16 0.40 0.28 0.08 0.13 3.86 2.98 0.05

0.03 0.05 0.05 1.12 0.84 0.03 0.01 0.03 0.02 0.00 0.02 0.11 0.08 0.00 0.01 0.35 0.03 0.06 0.09 0.25 0.01 0.00 0.05 0.03 10.61 14.22 0.05 0.06 0.02 0.01 0.00 0.02 0.07 0.04 0.00 0.01 0.10 0.10 0.09 0.47 0.00 0.02 0.01 0.04 0.03 0.05 0.02 2.27 0.09 0.08 0.11 0.04 0.03 0.00 0.45 0.02 0.00 0.01 0.03 0.02 0.06 0.01 0.04 0.05 0.01 0.00 0.12 43.41 0.01 0.01 0.02 0.16 0.08 0.01 0.01 1.25 0.86 0.02

P-Q

Exc Volume

Week Low

0.13 0.14 + 0.09 0.10 + 3.41 3.89 + 4.51 5.13 + 0.00 0.00 + 0.14 0.14 0.10 0.11 0.03 0.04 0.04 0.05 0.04 0.04 0.05 0.05 0.25 0.28 + 0.35 0.37 + 0.08 0.09 + 0.03 0.03 unch 0.05 0.06 + 0.22 0.22 0.30 0.30 unch 2.78 2.95 + 0.00 0.00 13.13 13.78 + 17.29 18.17 + 1.36 1.40 + 1.75 1.89 + 0.11 0.11 unch 1.09 1.23 + 1.47 1.66 + 0.06 0.06 0.00 0.04 unch 0.48 0.50 unch 5.24 6.55 + 0.00 0.20 unch 0.00 0.69 0.00 0.28 unch 0.00 0.21 unch 0.14 0.15 + 0.11 0.11 0.00 0.09 0.02 0.02 unch 0.12 0.13 + 0.15 0.16 0.02 0.02 0.08 0.10 + 0.10 0.14 + 1.96 2.10 + 2.59 2.73 + 0.05 0.05 0.38 0.38 unch 0.60 0.61 + 0.25 0.26 0.19 0.20 0.33 0.36 0.10 0.11 0.13 0.15 + 0.15 0.16 0.19 0.21 0.24 0.24 unch 0.26 0.27 0.03 0.03 0.17 0.17 0.00 0.12 unch 0.09 0.10 + 0.06 0.07 0.01 0.02 +

Playfair Mng V Playfair Mng* O PolyMet Mng* X PolyMet Mng T Portage Res* O Portofino Res V Portofino Res* O Potash Ridge* O Potash Ridge T Power Group* O Power Group V Power Metals* O Power Metals V PowerOre V PPX Mining* O PPX Mining V Precipitate Gl* O Precipitate Gl V Premier Gold M T Premium Expl* O Pretium Res* N Pretium Res T Prime Mining* O Prime Mining V ProAm Expl V Probe Metals* O Probe Metals V Prog Planet V Prog Planet* O Project One C Promithian Gl * O Prophecy Pot C Prosper Gold V Prospero Silvr V Prospero Silvr* O Provenance Gld C Providence V Providence Gld* O PUF Vent Inc * O Puma Expl* O Puma Expl V Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Precious V QC Precious * O QcX Gold V QMC Quantum Ml* O QMC Quantum Ml V QMX Gold* O QMX Gold V Quadro Res* O Quadro Res V Quantum Cobalt C Quartz Mtn Res V Quartz Mtn Res* O Quaterra Res V Quaterra Res* O Quest Rare Mnl* O

532 268 4266 71 541 1651 1103 41 3434 42 98 800 504 1014 205 276 419 404 4007 332 11106 4050 97 1238 33 168 507 189 0 78 6 0 63 3 2 135 261 132 10837 114 602 32 807 324 1545 2711 831 3 495 2759 1198 211 512 243 1996 8575 40 810 565 3 0 143 359 784

0.14 0.10 4.08 5.36 0.00 0.15 0.14 0.04 0.05 0.04 0.05 0.30 0.38 0.09 0.03 0.06 0.25 0.32 3.10 0.00 14.55 19.13 1.43 1.90 0.11 1.27 1.67 0.07 0.04 0.53 6.99 0.00 0.70 0.28 0.21 0.15 0.13 0.10 0.02 0.13 0.17 0.02 0.10 0.14 2.10 2.76 0.06 0.38 0.62 0.28 0.21 0.40 0.12 0.16 0.19 0.25 0.24 0.31 0.04 0.17 0.00 0.10 0.08 0.03

Rackla Metals Rackla Metals* Radisson Mng Radius Gold Rae-Wallace Mg* Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl Rambler Metals* Rare Element* Rathdowney Res Red Eagle Mng* Red Moon Res Red Pine Expl Redstar Gold Redstar Gold* Regis Res NL* Regulus Res Remington Res Renforth Res* Renforth Res Resolve Vent Reunion Gold Reunion Gold* Revelo Res Revival Gold * Revival Gold Reyna Silver Reyna Silver* Rhyolite Res Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Rimrock Gold* Rio Silver Rio Silver* Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited* Rio2 Limited Rise Gold Corp Rise Gold Corp* Riverside Res Riverside Res* RJK Explor* RJK Explor Robex Res Rochester Res* Rochester Res Rock Tech Lith* Rock Tech Lith Rockcliff Met* Rockcliff Met Rockex Mng Rockhaven Re* Rockhaven Res Rockridge Res Rockshield Cap* Rockwealth Res Rockwealth Res* Rodinia Lithm Rogue Res* Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RosCan Gold* RosCan Gold Ross River* Roughrider Exp Rover Metals* Rover Metals Roxgold Roxgold* Royal Gold Royal Gold* Royal Gold* Royal Mines &M* Royal Rd Mnrls Royal Std Mnrl* RT Minerals RT Minerals* RTG Mining Rugby Mng Running Fox Rs* Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

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

39 35 384 193 73 111 71 86 152 44 617 100 88 9 700 1544 794 12 676 12 40 2131 56 278 40 605 506 715 460 333 150 260 726 62 254 19526 402 30 23 12293 1 1634 1533 62 22 95 471 38 109 1486 0 56 1 22 57 117 150 113 320 951 76 410 149 25 3 54 139 318 2121 326 88 223 1786 7 360 124 953 9766 711 68 1 2610 510 1239 0 1911 11 14 97 14 56 940 17 2554 4829

0.25 0.20 0.36 0.32 0.10 0.07 0.26 2.30 0.14 0.02 0.77 0.10 0.01 0.09 0.05 0.14 0.10 4.21 1.74 0.24 0.06 0.07 0.07 0.12 0.08 0.25 0.86 1.12 1.55 1.28 0.20 0.07 0.60 0.13 0.16 0.00 0.07 0.04 66.30 66.55 73.85 0.73 0.93 0.80 0.61 0.38 0.30 0.13 0.19 0.56 0.06 0.06 0.53 0.69 0.08 0.10 0.03 0.14 0.18 0.20 0.05 0.16 0.12 0.06 0.07 0.09 0.19 0.26 0.33 0.06 0.05 0.31 0.43 0.00 0.25 0.07 0.09 1.92 1.47 0.32 0.23 132.66 0.00 0.39 0.00 0.14 0.09 0.19 0.13 0.02 0.02 3.80 2.83 0.04 0.03

Sabina Gd&Slvr* Sabina Gd&Slvr Sable Res* Sable Res Sage Gold* Sailfish Rylty Saint Jean* Saint Jean Salazar Res* Salazar Res Salt Lake Pot* Sama Res Sama Res* San Gold Corp* San Marco Res*

O T O V O V O V O V O V O O O

1639 7533 1689 4778 2 139 29 157 168 375 2 350 30 1946 97

2.42 3.06 0.19 0.24 0.00 1.52 0.02 0.03 0.28 0.36 0.40 0.17 0.13 0.02 0.23

Last

12-month

High

Change

0.00 0.14 0.33 0.29 0.04 0.07 0.21 0.99 0.09 0.02 0.69 0.09 0.00 0.00 0.04 0.12 0.09 3.84 1.35 0.24 0.01 0.06 0.06 0.10 0.08 0.21 0.79 1.05 1.25 0.97 0.20 0.00 0.46 0.11 0.15 0.00 0.06 0.00 0.00 63.83 0.00 0.62 0.82 0.76 0.55 0.32 0.24 0.00 0.17 0.43 0.00 0.00 0.49 0.59 0.07 0.09 0.02 0.12 0.17 0.17 0.04 0.13 0.10 0.06 0.06 0.08 0.16 0.21 0.29 0.05 0.04 0.27 0.36 0.00 0.23 0.06 0.09 1.70 1.30 0.26 0.00 123.03 0.00 0.31 0.00 0.08 0.05 0.16 0.00 0.01 0.02 3.20 0.00 0.04 0.00

Stock

0.01 0.01 0.38 0.49 0.00 0.01 0.02 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.00 0.02 0.01 0.00 0.22 0.00 0.86 1.15 0.03 0.08 0.00 0.09 0.17 0.01 0.00 0.00 1.05 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.02 0.00 0.03 0.04 0.13 0.15 0.01 0.00 0.02 0.03 0.02 0.01 0.00 0.01 0.01 0.03 0.00 0.03 0.01 0.01 0.00 0.01 0.00 0.00

0.18 0.13 9.70 13.00 0.00 0.26 0.25 0.05 0.07 0.09 0.11 0.40 0.54 0.11 0.06 0.10 0.30 0.41 3.10 0.00 14.55 19.13 1.67 2.17 0.15 1.31 1.72 0.11 0.08 0.60 9.78 0.20 0.85 0.85 0.32 0.20 0.17 0.17 0.21 0.17 0.20 0.30 0.17 0.24 2.12 2.79 0.08 0.38 0.62 0.39 0.29 0.50 0.13 0.18 0.27 0.38 0.22 0.33 0.06 0.24 0.18 0.15 0.11 0.04

0.02 0.01 1.50 2.45 0.00 0.02 0.02 0.01 0.02 0.02 0.03 0.03 0.04 0.03 0.02 0.04 0.04 0.05 0.85 0.00 4.05 6.25 0.14 0.25 0.05 0.37 0.54 0.02 0.01 0.12 0.02 0.02 0.25 0.10 0.21 0.08 0.06 0.02 0.02 0.03 0.04 0.01 0.02 0.03 0.27 0.38 0.03 0.09 0.14 0.14 0.10 0.04 0.03 0.06 0.03 0.04 0.20 0.02 0.01 0.05 0.04 0.02 0.02 0.00

San Marco Res Sanatana Res Sanatana Res* Sandfire Res Sandfire Res* Sandspring Res* Sandstorm Gold Sandstorm Gold* Santacruz Silv Sarama Res Sarissa Res* Sassy Res Satori Res Satori Res* Saturn Mnrls Saville Res Scandium Intl* Scandium Intl Scorpio Gold Scorpio Gold * Scotch Creek Scottie Res* Scottie Res ScoZinc Mg* ScoZinc Mg Seabridge Gld Seabridge Gld* Seafield Res* Seahawk Gold* Seahawk Gold Search Mnls Search Mnls* Searchlight* SearchlightMin* SearchlightRes Sego Res Select Sands Sennen Potash* Sentinel Res* Sentinel Res Serabi Gold Serabi Gold* Serengeti Res Sherritt Intl Shine Minerals Shine Minerals* Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res Sienna Res* Sierra Metals* Sierra Metals Sigma Lithium Signature Res* Signature Res Silver Bear Rs Silver Bear Rs* Silver Bull Re* Silver Bull Re Silver Dollar Silver Dollar* Silver Eleph* Silver Eleph Silver Fields* Silver Grail Silver Mtn Mns Silver Mtn Mns* Silver One Silver One* Silver Phoenix Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Scott* Silver Spruce* Silver Spruce Silver Stream* Silver Viper* Silver Viper Silvercorp Met Silvercorp Met* SilverCrest* SilverCrest Silverore Mns* Silverstar Res* Sirios Res* Sirios Res Sitka Gold Sitka Gold* Sixty North Sixty North* Skarb Explor Skeena Res* Skeena Res SKRR Explor Sky Gold* Sky Gold Skyharbour Res* Skyharbour Res Slam Explor* Slam Explor Slave Lake Zn Sokoman Min* Sokoman Min Solaris Res Solaris Res* SolGold plc* SolGold plc Solitario Ex&R Solitario Ex&R* Solstice Gold Sonora Gld & S Sonoro Gold* Sonoro Gold South32* Southern Arc* Southern Arc Southern Copp* Southern Emp Southern Silvr Southern Silvr* Southstone Min* Southstone Min Spanish Mtn Gd Spanish Mtn Gd* Sparton Res Sparton Res* Spearmint Res* Spearmint Res Spey Resources Sphinx Res Spruce Ridge R SRG Mining SRHI Inc SRHI Inc* SSR Mining SSR Mining* St Augustine St-Georges Eco St-Georges Eco* Stakeholdr Gld Stakeholdr Gld* Standard Graph* Standard Lith Standard Metal* Standard Uran Stans Energy* Star Diamond Star Diamond* Star Gold* Starcore Intl* Starcore Intl Starr Peak Exp* Starr Peak Exp Steele Oceanic* Stellar Africa* Stellar Africa Stelmine Can Steppe Gold Steppe Gold* Stevens Gold Stone Gold Stornoway Diam* Straightup Res Stratabd Mnr* Stratabd Mnr Strategic Metl Strategic Metl* Strategic Res Strategic Res* Stria Lithium Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res

0.20 0.14 0.35 0.30 0.04 0.07 0.24 2.14 0.14 0.02 0.72 0.10 0.00 0.09 0.04 0.13 0.09 4.05 1.72 0.24 0.06 0.07 0.07 0.10 0.08 0.25 0.83 1.10 1.25 0.97 0.20 0.06 0.53 0.12 0.16 0.00 0.07 0.04 62.95 64.42 73.85 0.65 0.87 0.78 0.57 0.34 0.24 0.12 0.17 0.48 0.06 0.05 0.49 0.59 0.07 0.09 0.03 0.12 0.17 0.18 0.05 0.13 0.10 0.06 0.06 0.08 0.18 0.23 0.31 0.06 0.04 0.27 0.36 0.00 0.25 0.07 0.09 1.87 1.42 0.26 0.21 123.47 0.00 0.34 0.15 0.14 0.09 0.19 0.13 0.02 0.02 3.47 2.60 0.04 0.03

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

0.02 0.00 0.01 0.01 0.07 0.00 0.01 1.07 0.04 0.00 0.04 0.00 0.00 0.03 0.00 0.01 0.00 0.15 0.35 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.13 0.09 0.00 0.01 0.06 0.01 0.01 0.00 0.01 0.02 0.50 0.48 3.90 0.03 0.03 0.01 0.04 0.01 0.02 0.01 0.01 0.04 0.02 0.00 0.04 0.09 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.03 0.02 0.01 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.02 0.00 0.01 0.00 0.00 0.18 0.13 0.06 0.10 6.98 0.00 0.01 0.00 0.07 0.05 0.01 0.01 0.00 0.00 0.67 0.53 0.00 0.00

0.28 0.20 0.40 0.38 0.90 0.15 0.35 7.60 0.20 0.03 1.25 0.11 0.03 0.24 0.07 0.15 0.11 4.38 1.74 0.35 1.00 0.09 0.16 0.28 0.22 0.29 1.13 1.45 1.74 1.35 0.26 0.08 0.74 0.27 0.30 0.00 0.10 0.08 66.30 66.55 73.85 0.78 1.03 1.10 0.83 0.54 0.40 0.24 0.32 0.56 0.06 0.08 0.64 0.85 0.10 0.14 0.05 0.19 0.25 0.23 0.05 0.19 1.00 0.08 0.09 0.12 1.00 0.50 0.60 0.08 0.06 0.50 0.55 0.00 0.36 0.17 0.10 1.89 1.44 0.60 0.43 147.64 0.00 0.48 1.24 0.14 0.09 0.22 0.19 0.02 0.03 3.80 8.70 0.08 0.06

0.08 0.00 0.09 0.11 0.00 0.04 0.07 0.22 0.04 0.00 0.22 0.05 0.00 0.03 0.02 0.02 0.01 1.80 0.47 0.07 0.01 0.03 0.05 0.05 0.04 0.05 0.24 0.33 0.50 0.44 0.04 0.03 0.46 0.11 0.15 0.00 0.01 0.02 34.85 35.35 41.50 0.11 0.14 0.30 0.31 0.10 0.06 0.07 0.08 0.09 0.02 0.03 0.35 0.37 0.03 0.04 0.02 0.04 0.06 0.07 0.01 0.02 0.00 0.02 0.03 0.02 0.11 0.03 0.04 0.02 0.01 0.05 0.10 0.00 0.06 0.00 0.03 0.56 0.05 0.16 0.11 59.78 0.00 0.13 0.02 0.02 0.01 0.04 0.05 0.01 0.01 0.53 0.43 0.03 0.02

2.17 2.93 0.15 0.19 0.00 1.50 0.02 0.02 0.26 0.36 0.40 0.15 0.11 0.02 0.22

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

0.02 0.06 0.03 0.04 0.00 0.10 0.00 0.00 0.03 0.05 0.00 0.00 0.00 0.01 0.00

2.42 3.06 0.19 0.24 0.00 1.57 0.04 0.03 0.28 0.36 0.59 0.29 0.22 0.02 0.26

0.51 0.71 0.03 0.04 0.00 0.45 0.00 0.02 0.08 0.12 0.18 0.12 0.08 0.00 0.06

S 2.16 2.84 0.12 0.16 0.00 1.40 0.01 0.02 0.20 0.27 0.40 0.00 0.11 0.01 0.00

W . N OR TH ER N M I N ER . COM

(100s)

High Low

Exc Volume

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

316 805 39 66 181 171 2948 6952 1467 687 1108 1657 774 1028 137 146 70 459 409 174 99 345 2680 7 23 765 1821 1 4 26 2259 36 411 56 407 310 229 0 23 430 54 1 1252 3107 70 5 4 64586 791 343 22 301 149 15 50 237 645 258 4581 2272 262 113 3389 3564 5 45 30 1 1016 1748 1000 42 18 261 279 550 2957 48 201 1677 0 394 584 4193 6521 4740 3838 27 11 79 808 437 152 274 104 24 436 1728 430 178 648 972 814 20 1093 1012 187 1985 834 87 294 129 82 1233 452 210 7 211 13 8 13 3822 455 1251 647 1 280 2192 1328 1471 21 286 5565 735 1091 576 278 8 88 22019 17517 877 943 10 212 5 964 4357 22 536 580 675 141 2 104 1064 357 512 0 50 358 59 441 91 45 151 9509 554 2 267 299 189 83 0 80 3807 3976 303 7 194

Week

12-month

High

Low

Last

Change

0.31 0.40 0.32 0.26 0.20 2.98 12.72 9.67 0.28 0.15 0.00 0.84 0.18 0.12 0.10 0.05 0.11 0.14 0.19 0.14 0.10 0.37 0.48 0.26 0.38 26.71 20.23 0.00 0.47 0.62 0.05 0.04 0.09 0.02 0.11 0.04 0.03 0.00 0.45 0.55 2.01 1.55 0.33 0.21 0.13 0.10 3.50 13.37 0.05 0.09 0.07 1.62 2.07 2.40 0.05 0.07 0.19 0.15 0.10 1.01 1.80 1.41 0.44 0.55 0.00 0.28 0.35 0.29 0.78 0.60 0.12 0.29 0.27 0.19 0.25 0.27 0.36 0.11 0.07 0.09 0.00 0.68 0.77 11.47 8.71 10.71 13.97 0.06 0.02 0.14 0.18 0.28 0.21 0.06 0.05 0.36 2.44 3.17 0.42 0.14 0.19 0.15 0.20 0.09 0.13 0.13 0.11 0.15 3.95 2.99 0.38 0.51 0.63 0.48 0.09 0.08 0.21 0.30 1.61 0.67 0.82 48.25 0.70 0.68 0.52 0.03 0.06 0.51 0.39 0.07 0.05 0.05 0.07 0.12 0.03 0.08 0.57 0.30 0.22 30.54 23.27 0.07 0.09 0.06 0.28 0.04 0.08 1.88 0.05 0.26 0.01 0.22 0.16 0.09 0.21 0.29 2.05 2.70 0.00 0.05 0.07 0.10 2.76 2.08 0.24 0.18 0.01 0.29 0.15 0.21 0.64 0.50 0.44 0.00 0.02 0.27 0.21 0.12 0.08 0.79

0.27 0.24 0.19 0.25 0.18 2.80 11.97 9.09 0.22 0.14 0.00 0.69 0.17 0.12 0.10 0.04 0.08 0.12 0.16 0.12 0.10 0.29 0.38 0.00 0.00 24.84 18.84 0.00 0.38 0.48 0.04 0.04 0.07 0.02 0.09 0.03 0.02 0.00 0.00 0.38 0.00 1.30 0.27 0.19 0.10 0.10 3.00 12.03 0.04 0.08 0.06 1.45 1.92 2.20 0.05 0.06 0.14 0.10 0.08 0.11 1.65 1.27 0.36 0.49 0.00 0.00 0.00 0.26 0.72 0.55 0.10 0.20 0.00 0.14 0.21 0.21 0.28 0.09 0.05 0.06 0.00 0.49 0.65 10.64 8.05 9.66 12.70 0.00 0.00 0.12 0.16 0.24 0.00 0.05 0.04 0.00 2.22 3.00 0.35 0.12 0.17 0.13 0.18 0.09 0.11 0.11 0.10 0.13 3.58 2.74 0.33 0.46 0.52 0.41 0.08 0.07 0.00 0.26 1.52 0.58 0.73 46.20 0.55 0.57 0.44 0.03 0.05 0.46 0.35 0.06 0.04 0.04 0.05 0.00 0.02 0.07 0.50 0.28 0.21 27.54 20.86 0.06 0.07 0.00 0.18 0.04 0.06 1.32 0.05 0.23 0.00 0.20 0.15 0.08 0.13 0.16 1.69 2.23 0.00 0.03 0.00 0.09 2.51 1.94 0.24 0.16 0.00 0.20 0.15 0.17 0.61 0.46 0.37 0.00 0.02 0.22 0.17 0.09 0.00 0.70

+ 0.29 + 0.33 + 0.28 + 0.26 0.19 2.84 + 12.19 + 9.25 0.24 + 0.15 0.00 + 0.77 + 0.18 0.12 unch 0.10 unch 0.04 0.10 0.13 + 0.18 0.13 unch 0.10 unch + 0.34 + 0.45 0.26 0.35 + 25.98 + 19.75 0.00 unch 0.38 0.49 + 0.05 + 0.04 + 0.08 + 0.02 + 0.10 0.04 unch 0.02 unch 0.31 unch + 0.45 + 0.51 + 1.98 + 1.55 + 0.30 0.20 unch + 0.13 0.10 unch 3.00 12.26 + 0.05 0.08 unch + 0.06 1.47 1.98 2.35 0.05 0.07 0.15 unch 0.10 0.09 0.90 + 1.78 1.34 + 0.38 + 0.50 + 0.00 + 0.28 0.29 0.26 0.73 0.56 0.10 unch + 0.24 0.25 + 0.17 + 0.23 0.24 + 0.31 0.09 0.06 0.08 unch 8.00 unch 0.52 0.65 + 11.05 + 8.44 + 10.16 + 13.42 + 0.06 + 0.02 0.12 0.16 0.24 0.19 + 0.06 0.04 0.27 2.29 3.00 0.36 + 0.14 0.18 0.13 + 0.18 + 0.09 0.11 0.11 unch + 0.11 + 0.14 3.80 unch + 2.90 0.34 + 0.47 + 0.63 + 0.48 0.08 0.07 unch 0.21 0.28 + 1.61 + 0.61 0.76 46.48 0.55 0.66 0.49 0.03 unch 0.05 unch 0.46 0.36 + 0.06 + 0.05 0.05 0.06 + 0.12 0.02 unch + 0.08 + 0.54 0.30 unch 0.21 + 28.71 + 22.08 + 0.07 + 0.09 + 0.06 0.19 0.04 unch 0.07 + 1.75 + 0.05 0.23 0.00 0.21 unch 0.15 + 0.09 + 0.20 + 0.28 1.82 2.40 0.15 unch + 0.05 + 0.06 + 0.10 + 2.76 + 2.08 0.24 + 0.18 + 0.00 + 0.25 0.15 + 0.21 0.61 0.47 + 0.44 0.14 unch 0.02 unch + 0.25 + 0.19 0.10 0.08 + 0.72

0.02 0.08 0.10 0.03 0.00 0.09 0.36 0.26 0.04 0.01 0.00 0.01 0.02 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.04 0.06 0.03 0.03 1.30 1.06 0.00 0.13 0.13 0.01 0.01 0.01 0.00 0.02 0.00 0.00 0.00 0.15 0.11 0.16 0.25 0.01 0.00 0.03 0.00 0.49 1.08 0.00 0.00 0.01 0.05 0.01 0.05 0.00 0.01 0.00 0.01 0.70 0.14 0.02 0.05 0.01 0.03 0.00 0.03 0.05 0.04 0.01 0.01 0.00 0.02 0.01 0.02 0.02 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.07 0.42 0.38 0.62 0.89 0.01 0.02 0.01 0.01 0.04 0.01 0.01 0.00 0.73 0.03 0.04 0.05 0.00 0.01 0.00 0.01 0.01 0.02 0.00 0.01 0.01 0.00 0.14 0.02 0.01 0.08 0.06 0.01 0.00 0.02 0.02 0.14 0.02 0.02 0.41 0.10 0.02 0.02 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.02 0.00 0.01 0.05 0.00 0.01 1.50 1.49 0.01 0.02 0.00 0.11 0.00 0.01 0.42 0.00 0.02 0.00 0.00 0.02 0.01 0.07 0.12 0.21 0.27 0.00 0.01 0.01 0.01 0.10 0.01 0.04 0.02 0.00 0.01 0.01 0.03 0.03 0.00 0.07 0.00 0.00 0.02 0.02 0.01 0.00 0.04

High Low

0.38 0.40 0.32 0.40 0.31 3.51 14.22 10.63 0.39 0.17 0.00 0.84 0.20 0.12 0.17 0.06 0.11 0.15 0.22 0.17 0.25 0.46 0.53 0.59 0.90 27.50 20.73 0.00 0.51 0.71 0.06 0.04 0.10 0.07 0.14 0.07 0.05 0.31 0.45 0.55 2.01 1.55 0.33 0.32 0.25 0.19 5.00 13.89 0.08 0.11 0.09 2.75 3.67 3.00 0.08 0.10 0.24 0.18 1.04 1.40 2.00 1.50 0.45 0.59 0.00 0.35 0.53 0.40 0.87 0.67 0.25 0.34 0.40 0.19 0.25 0.37 0.49 0.30 0.09 0.12 8.00 2.21 0.85 11.62 8.91 11.12 14.88 0.16 0.09 0.20 0.26 0.30 0.22 0.11 0.08 1.00 2.51 3.34 0.50 0.27 0.30 0.18 0.24 0.11 0.16 0.13 0.14 0.19 3.95 2.99 0.39 0.59 0.65 0.49 0.16 0.10 0.26 0.34 2.00 0.67 0.82 49.19 1.45 0.69 0.53 0.10 0.15 0.77 0.59 0.07 0.05 0.07 0.10 0.12 0.04 0.15 1.00 1.01 0.82 33.69 25.32 0.15 0.14 0.08 0.60 0.52 0.29 1.88 0.08 0.38 0.02 0.53 0.41 0.19 0.25 0.30 2.24 2.94 0.65 0.05 0.07 0.14 3.14 2.33 0.31 0.28 0.02 0.30 0.18 0.28 0.80 0.60 0.55 0.39 0.03 0.27 0.20 0.15 0.10 0.83

0.09 0.08 0.00 0.14 0.11 0.58 4.64 3.32 0.07 0.03 0.00 0.43 0.01 0.02 0.07 0.02 0.03 0.06 0.05 0.03 0.06 0.07 0.11 0.19 0.28 7.37 5.25 0.00 0.09 0.15 0.03 0.02 0.01 0.01 0.02 0.03 0.01 0.31 0.26 0.10 0.75 0.82 0.15 0.07 0.02 0.03 2.80 3.50 0.01 0.03 0.02 0.45 0.89 1.30 0.02 0.02 0.05 0.05 0.18 0.24 0.22 1.20 0.06 0.10 0.00 0.03 0.08 0.00 0.15 0.11 0.10 0.05 0.04 0.05 0.07 0.21 0.10 0.01 0.01 0.02 8.00 0.00 0.18 2.12 1.50 3.28 4.50 0.00 0.00 0.07 0.08 0.05 0.03 0.03 0.02 0.08 0.31 0.42 0.16 0.04 0.05 0.06 0.08 0.00 0.01 0.04 0.04 0.04 1.38 1.97 0.13 0.19 0.22 0.13 0.02 0.02 0.06 0.07 0.89 0.17 0.24 23.43 0.40 0.06 0.05 0.03 0.04 0.05 0.03 0.02 0.01 0.01 0.01 0.02 0.01 0.03 0.22 0.19 0.02 12.12 9.00 0.01 0.03 0.02 0.16 0.07 0.05 0.39 0.02 0.15 0.00 0.19 0.14 0.02 0.00 0.05 0.25 0.25 0.15 0.01 0.02 0.04 0.63 1.84 0.24 0.02 0.00 0.10 0.12 0.02 0.25 0.18 0.18 0.14 0.01 0.02 0.01 0.03 0.01 0.15

G LOBAL M I N I N G

N EW S

(100s) Stock

TH E N OR TH ER N

Week

Exc Volume

Low

0.48 0.48 unch 0.59 0.59 0.07 0.07 unch 1.26 1.26 1.65 1.69 0.17 0.18 1.10 1.25 + 17.36 17.64 13.13 13.34 0.00 0.62 0.79 0.81 0.00 0.21 + 0.20 0.21 0.08 0.09 + 0.11 0.12 unch 0.08 0.08 unch 0.00 0.00 + 0.30 0.33 +

Stuhini Explor* Stuhini Explor Sulliden Mng Summa Silver* Summa Silver Sun Metals Sun Peak Metal Suncor Energy Suncor Energy* Superior Gold* Superior Gold Supernova Met* Supernova Met Surge Copper * Surge Copper Surge Explor Sutter Gold* Syrah Res*

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

10 76 38 39 343 1294 1019 63627 50005 136 555 8 1657 15 202 37 83 146

0.48 0.62 0.07 1.45 1.94 0.20 1.25 18.37 13.95 0.64 0.85 0.24 0.32 0.09 0.13 0.08 0.05 0.37

Taiga Gold Taiga Gold* Tajiri Res Taku Gold* Taku Gold Talisker Res* Talisker Res Talmora Diamd Talon Metals Tamino Mnrls* Tanqueray Expl Tanzanian Gold Tanzanian Gold* Tarachi Gold Taranis Res Taranis Res* Tarku Res Tartisan Nick* Tartisan Nick Taseko Mines* Taseko Mines Teck Res Teck Res* Teck Res Tectonic Metal Tectonic Metal* Telson Res Telson Res * Temas Res* Temas Res Tembo Gold Tembo Gold* Teranga Gold Teranga Gold* Teras Res* Teras Res Terrax Mnrls Terrax Mnrls* Terreno Res Teslin Rvr Res Tesoro Mnrls Tesoro Mnrls* Tethyan Res* Tethyan Res Teuton Res Teuton Res* Texas Mineral* Themac Res Themac Res* Theta Gold* Thor Expl Thunder Mtn Gd* Thunder Mtn Gd Thunderstruck Thunderstruck* Till Capital Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res Titan Mining

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

262 196 709 1 81 129 1169 185 3445 8191 3327 94 1392 151 10 40 120 117 971 8807 2887 19989 29131 22 453 16 527 388 20 13 1170 384 3009 76 258 446 877 378 247 5332 98 0 28 196 291 149 1083 20 9 78 2359 31 1 555 500 2 265 608 493 893 38 20 548

0.19 0.14 0.23 0.06 0.10 0.31 0.40 0.03 0.34 0.00 2.48 1.02 0.78 0.66 0.10 0.08 0.12 0.21 0.30 1.34 1.76 20.55 15.60 22.25 0.21 0.17 0.27 0.20 0.38 0.48 0.22 0.16 15.92 12.18 0.06 0.08 0.44 0.33 0.05 0.07 0.08 0.00 0.25 0.35 3.48 2.65 1.43 0.08 0.05 0.34 0.26 0.22 0.00 0.16 0.12 2.55 0.34 0.26 0.15 0.20 0.05 0.08 0.75

Last

High Low

Stock

0.00 0.03 0.00 0.13 0.25 0.02 0.20 0.55 0.44 0.02 0.03 0.01 0.04 0.00 0.00 0.00 0.00 0.03

0.72 0.94 0.10 2.20 3.50 0.33 1.34 45.12 34.56 1.15 1.53 0.24 0.32 0.12 0.21 0.60 0.05 0.52

0.29 0.12 0.03 1.26 0.09 0.06 0.80 14.02 9.61 0.26 0.33 0.03 0.02 0.03 0.02 0.05 0.00 0.09

0.02 0.01 0.03 0.00 0.00 0.01 0.01 0.00 0.09 0.00 0.44 0.05 0.04 0.02 0.01 0.00 0.01 0.08 0.05 0.28 0.34 3.19 2.41 3.12 0.01 0.01 0.01 0.00 0.00 0.02 0.03 0.00 0.73 0.69 0.01 0.00 0.02 0.01 0.00 0.01 0.02 0.00 0.00 0.01 0.17 0.11 0.19 0.01 0.00 0.06 0.01 0.01 0.00 0.02 0.02 0.05 0.02 0.01 0.00 0.01 0.00 0.00 0.17

0.31 0.22 0.23 0.11 0.15 0.47 0.65 0.05 0.36 0.01 2.48 1.49 1.09 1.00 0.12 0.09 0.23 0.21 0.30 1.34 1.60 23.95 17.77 24.00 0.34 0.25 0.28 0.21 0.38 0.51 0.30 0.18 16.80 12.82 0.07 0.14 0.55 0.41 0.06 0.44 0.08 0.06 0.32 0.48 4.85 3.80 2.65 0.08 0.07 0.70 0.28 0.34 0.29 0.20 0.16 2.60 0.34 0.27 0.19 0.25 0.07 0.15 0.75

0.07 0.05 0.03 0.01 0.03 0.10 0.14 0.01 0.08 0.00 0.45 0.55 0.36 0.04 0.04 0.03 0.04 0.03 0.03 0.20 0.28 8.15 5.60 9.00 0.10 0.10 0.04 0.04 0.37 0.10 0.03 0.02 3.86 2.84 0.02 0.02 0.16 0.11 0.01 0.06 0.03 0.03 0.18 0.06 0.27 0.20 0.22 0.03 0.02 0.10 0.12 0.06 0.07 0.03 0.02 1.00 0.06 0.02 0.05 0.07 0.02 0.04 0.14

Titan Mining* Titanium Corp TMAC Resource* TMAC Resources TNR Gold Tocvan Venture TomaGold Tombstone Expl* Tonogold Res* Tonopah Div Mg* Top Explor Torex Gold* Torex Gold Torq Resources* Torq Resources Tower Res* Tower Res Transatlantic Transition Met Transition Met* Treasury Metal Treasury Metal* Trecora Res* Tres-Or Res* Tres-Or Res Trevali Mng* Trevali Mng Tri Origin Exp* Tri Origin Exp Trident Gold Trifecta Gold* Trifecta Gold Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley Trio Resources* TriStar Gold TriStar Gold* Triumph Gold Triumph Gold* Troilus Gold* Troilus Gold Troubadour Res Troy Res* True North Gem Tsodilo Res Tudor Gold Tudor Gold * Turmalina Met* Turmalina Met Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tymbal Res Typhoon Expl

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

U.S. Gold* U3O8 Corp U3O8 Corp* Ubique Mineral UC Res* Ucore Rare Mtl* Ucore Rare Mtl UEX Corp Ultra Resource* Ultra Resource Umbral Enrgy* Unigold* Unigold United Battery* United Battery United Res Hdg* United States A* United States S* Universal Cop* Universal Cop Universal Vent Upper Canyon Ur-Energy*

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

Change

T 0.18 0.13 0.20 0.00 0.00 0.28 0.37 0.03 0.26 0.00 1.88 0.95 0.72 0.56 0.00 0.08 0.10 0.16 0.20 1.03 1.37 16.80 12.75 19.25 0.18 0.15 0.23 0.18 0.38 0.00 0.14 0.11 14.60 11.15 0.05 0.07 0.41 0.31 0.04 0.06 0.00 0.00 0.25 0.00 3.09 2.35 1.20 0.06 0.00 0.00 0.21 0.18 0.00 0.12 0.09 2.35 0.30 0.21 0.14 0.18 0.00 0.00 0.53

0.18 0.13 0.20 0.06 0.10 0.29 0.37 0.03 0.33 0.00 2.33 0.96 0.72 0.60 0.10 0.08 0.11 0.21 0.27 1.33 1.73 20.33 15.41 22.12 0.20 0.15 0.25 0.19 0.38 0.48 0.17 0.13 15.36 11.81 0.06 0.08 0.42 0.32 0.05 0.07 0.08 0.05 0.25 0.34 3.18 2.45 1.24 0.06 0.05 0.28 0.21 0.19 0.09 0.13 0.09 2.50 0.30 0.23 0.14 0.18 0.04 0.08 0.72

(100s)

12-month

High

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

Week

Exc Volume

Last

12-month

High

Low

Change

24 989 158 1359 167 2068 7975 5 4415 0 1 181 3124 4 91 7 207 245 335 80 470 215 545 10 45 203 3081 16 157 3 19 135 102 769 19 0 321 1193 732 176 1033 514 214 1976 573 3 1 120 949 361 148 1569 21311 4997 2629 37 2 1043

0.54 0.29 1.13 1.50 0.04 0.50 0.10 2.69 0.41 0.00 0.05 17.74 22.35 0.54 0.75 0.08 0.11 0.06 0.19 0.14 1.50 1.15 6.47 0.08 0.10 0.13 0.17 0.25 0.33 0.12 0.08 0.11 2.62 1.98 0.11 0.00 0.13 0.00 0.42 0.32 0.31 0.24 1.16 1.53 0.04 0.08 0.00 0.09 3.39 2.58 1.07 1.47 0.89 1.17 0.03 0.02 0.00 0.07

0.42 0.54 + 0.26 0.28 unch 1.01 1.11 + 1.34 1.44 + 0.00 0.04 unch 0.40 0.42 + 0.06 0.07 + 1.95 2.20 + 0.35 0.40 + 0.00 0.44 unch 0.05 0.05 unch 15.86 16.07 + 20.24 21.13 + 0.52 0.52 0.66 0.75 + 0.08 0.08 unch 0.10 0.10 0.05 0.06 + 0.18 0.19 + 0.14 0.14 + 1.40 1.42 unch 1.07 1.07 5.86 5.94 0.07 0.08 unch 0.00 0.10 + 0.12 0.13 + 0.16 0.16 unch 0.23 0.23 0.30 0.30 unch 0.12 0.12 unch 0.00 0.07 + 0.00 0.10 + 2.43 2.52 unch 1.84 1.90 + 0.09 0.11 + 0.00 0.03 unch 0.12 0.12 unch 0.00 0.00 0.38 0.42 + 0.29 0.32 + 0.29 0.30 + 0.21 0.23 1.05 1.06 1.38 1.45 + 0.00 0.04 unch 0.07 0.08 + 0.00 0.08 unch 0.08 0.09 + 2.88 3.00 2.16 2.25 0.93 1.07 + 1.22 1.47 + 0.81 0.86 + 1.07 1.13 + 0.02 0.02 unch 0.02 0.02 0.00 0.04 unch 0.06 0.06 -

328 150 84 8 264 1362 959 1283 1 100 142 75 936 31 116 222 135 74869 0 11 135 110 1866

12.10 0.14 0.11 0.06 0.76 0.10 0.13 0.18 0.06 0.08 0.08 0.39 0.52 0.72 0.96 0.04 0.50 9.25 0.07 0.09 3.25 0.16 0.58

Stock

0.11 0.00 0.08 0.10 0.00 0.03 0.01 0.25 0.02 0.00 0.00 0.92 1.12 0.03 0.05 0.00 0.01 0.01 0.01 0.00 0.00 0.02 0.13 0.00 0.01 0.01 0.00 0.02 0.00 0.00 0.02 0.02 0.00 0.03 0.01 0.00 0.00 0.00 0.04 0.04 0.01 0.00 0.04 0.01 0.00 0.01 0.00 0.01 0.33 0.25 0.12 0.23 0.01 0.01 0.00 0.00 0.00 0.01

0.54 0.80 3.81 5.10 0.07 0.50 0.10 3.09 0.55 0.50 0.05 19.45 25.52 0.59 0.79 0.10 0.14 0.07 0.24 0.18 1.98 1.40 9.13 0.10 0.15 0.20 0.26 0.29 0.40 0.20 0.08 0.12 3.61 2.74 0.13 0.50 0.15 0.00 0.47 0.35 0.48 0.34 1.33 1.82 0.08 0.13 0.13 0.11 4.51 3.40 1.33 1.80 1.20 1.56 0.03 0.02 0.06 0.11

0.11 0.24 0.31 0.44 0.02 0.10 0.06 0.50 0.15 0.00 0.02 6.19 8.79 0.21 0.27 0.01 0.02 0.02 0.11 0.08 0.45 0.90 4.23 0.05 0.06 0.04 0.06 0.22 0.03 0.12 0.01 0.02 1.50 1.03 0.05 0.01 0.04 0.00 0.19 0.13 0.07 0.06 0.30 0.42 0.02 0.03 0.04 0.05 0.38 0.27 0.20 0.27 0.30 0.43 0.01 0.00 0.02 0.03

1.14 0.02 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.04 0.06 0.07 0.09 0.01 0.01 1.62 0.00 0.02 0.02 0.10 0.02

14.44 0.19 0.90 0.09 1.03 0.19 0.25 0.19 0.08 0.10 0.29 0.50 0.67 0.76 0.99 0.07 0.62 14.52 0.07 0.23 6.50 0.50 0.72

2.61 0.04 0.01 0.03 0.09 0.06 0.09 0.07 0.01 0.02 0.06 0.07 0.10 0.03 0.01 0.02 0.25 4.54 0.01 0.03 2.07 0.05 0.27

U-V 10.60 10.60 0.11 0.12 0.08 0.11 + 0.06 0.06 unch 0.66 0.70 + 0.08 0.09 + 0.12 0.13 + 0.16 0.17 unch 0.06 0.06 unch 0.08 0.08 unch 0.06 0.06 0.32 0.33 0.43 0.43 0.56 0.65 + 0.00 0.85 + 0.03 0.03 0.46 0.48 7.17 8.82 + 0.00 0.07 unch 0.07 0.09 + 2.82 2.98 0.14 0.15 0.54 0.55 +

(100s)

High Low

Week Last

M I N ER

12-month

Exc Volume

High

Low

Change

Ur-Energy Uragold Bay Rs Uranium Energy* Uranium Hunter* Uranium Res* Uranium Roylty Uranium Roylty* Uravan Mnrls* Uravan Mnrls UrbanGold Min USCorp* Usha Res Val-d’Or Mg Val-d’Or Mg* Vale* Valley High Mg* ValOre Metals* ValOre Metals Valorem Res Valterra Res* Valterra Res Vanadian Enrgy* Vanadian Enrgy Vanadium One* Vanadium One Vanadiumcorp* Vanadiumcorp Vangold Res* Vangold Res Vanstar Mng Rs* Vanstar Mng Rs Vantex Res * Vantex Res Velocity Mnrls Velocity Mnrls* Vendetta Mng* Vendetta Mng Venerable Vent Venture Mnrls* Verde Potash Verde Res* Veris Gold* Vertical Expl Victoria Gold* Victoria Gold Victory Metals* Victory Metals Victory Nickel* Victory Nickel Victory Res Victory Res* Virginia Enrgy Virginia Enrgy* Viscount Mng Visible Gold M Visible Gold M* Vision Lithium Vision Lithium* Vista Gold* Vista Gold Viva Gold* Viva Gold Vizsla Res Vizsla Res * Volcanic Gold* Volcanic Gold Voyageur Min* Voyageur Min Voyageur Min* Voyageur Min VR Resources* VR Resources Vulcan Mnrls VVC Expl VVC Expl*

T 170 V 6707 X 11076 O 1260 D 8351 V 361 O 143 O 11 V 152 V 307 O 222 V 50 V 30 O 45 N 177685 O 2904 O 56 V 205 C 163 O 95 V 635 O 74 V 264 O 23 V 829 O 320 V 1035 O 981 V 3995 O 561 V 875 O 3 V 16 V 621 O 18 O 599 V 496 V 20 O 17 T 36 O 95 O 109 V 559 O 632 T 2266 O 56 V 121 O 110 C 2419 C 97 O 2 V 210 O 26 V 959 V 338 O 0 V 283 O 260 X 2513 T 131 O 39 V 62 V 699 O 366 O 5 V 97 O 1 C 100 O 9 V 236 O 337 V 255 V 155 V 429 O 201

0.77 0.43 1.29 0.08 1.89 1.24 0.93 0.02 0.03 0.31 0.00 0.27 0.14 0.11 12.08 0.00 0.28 0.33 0.19 0.09 0.13 0.05 0.07 0.09 0.11 0.04 0.05 0.20 0.23 1.20 1.55 0.19 0.26 0.50 0.37 0.07 0.08 0.15 0.02 0.65 0.01 0.00 0.04 14.34 18.86 0.36 0.47 0.06 0.08 0.15 0.10 0.11 0.08 0.46 0.23 0.00 0.03 0.03 1.34 1.79 0.30 0.38 1.79 1.36 0.52 0.71 0.35 0.40 0.06 0.07 0.29 0.38 0.08 0.04 0.04

0.71 0.72 + 0.31 0.41 + 1.03 1.29 + 0.05 0.05 1.66 1.73 + 1.16 1.22 + 0.88 0.92 + 0.02 0.02 unch 0.02 0.03 + 0.27 0.28 0.00 0.00 0.18 0.20 + 0.14 0.14 unch 0.11 0.11 unch 11.39 11.51 0.00 0.00 + 0.23 0.25 0.32 0.33 + 0.12 0.15 + 0.06 0.09 + 0.08 0.12 + 0.04 0.04 0.05 0.07 + 0.00 0.09 + 0.08 0.09 + 0.04 0.04 + 0.05 0.05 unch 0.10 0.19 + 0.16 0.21 + 1.10 1.10 1.42 1.42 0.19 0.19 unch 0.00 0.24 0.45 0.49 + 0.34 0.37 + 0.05 0.06 + 0.07 0.08 0.15 0.15 unch 0.02 0.02 unch 0.62 0.65 unch 0.01 0.01 unch 0.00 0.00 + 0.04 0.04 unch 12.26 12.40 16.13 16.49 0.27 0.36 + 0.37 0.44 + 0.03 0.03 + 0.04 0.05 + 0.13 0.13 0.10 0.10 unch 0.09 0.11 + 0.06 0.08 + 0.42 0.46 + 0.21 0.21 0.00 0.12 unch 0.03 0.03 unch 0.02 0.02 1.20 1.34 + 1.61 1.74 + 0.27 0.27 0.35 0.38 + 1.67 1.71 + 1.27 1.30 + 0.49 0.52 + 0.63 0.70 + 0.35 0.35 unch 0.40 0.40 unch 0.04 0.06 + 0.06 0.06 0.25 0.26 0.33 0.33 0.07 0.07 unch 0.03 0.04 + 0.03 0.03 -

Walcott Res Walcott Res* Walker Lane* Walker River* Walker River Wallbridge Mng*

C O O O V O

0.94 0.71 0.07 0.11 0.14 1.01

0.00 0.68 0.06 0.09 0.13 0.88

0.94 0.71 0.07 0.09 0.13 0.89

+ + + + -

(100s)

High Low

Stock

0.01 0.01 0.27 0.00 0.02 0.02 0.02 0.00 0.01 0.04 0.00 0.01 0.00 0.00 0.16 0.00 0.01 0.02 0.05 0.01 0.04 0.00 0.01 0.03 0.01 0.00 0.00 0.07 0.06 0.04 0.08 0.00 0.02 0.07 0.05 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 1.08 1.28 0.09 0.04 0.00 0.01 0.01 0.00 0.03 0.00 0.04 0.01 0.00 0.00 0.00 0.14 0.17 0.00 0.03 0.07 0.06 0.03 0.07 0.00 0.00 0.02 0.01 0.00 0.02 0.00 0.01 0.01

1.00 0.72 1.29 3.00 9.25 1.32 0.99 0.03 0.03 0.45 0.00 0.27 0.20 0.15 13.67 0.01 0.31 0.41 0.64 0.21 0.25 0.06 0.08 0.09 0.11 0.06 0.08 0.28 0.23 1.39 1.75 0.22 0.31 0.54 0.41 0.09 0.11 0.15 0.02 0.80 0.02 0.10 0.08 16.09 21.04 0.40 0.52 0.06 0.08 0.35 0.10 0.15 0.11 0.48 0.31 0.12 0.10 0.08 1.45 1.90 0.36 0.48 2.93 2.14 0.68 0.93 0.38 0.52 0.10 0.12 0.35 0.50 0.21 0.06 0.05

0.39 0.05 0.35 0.01 0.25 0.80 0.56 0.00 0.01 0.05 0.00 0.10 0.03 0.04 6.49 0.00 0.09 0.14 0.06 0.03 0.03 0.00 0.01 0.03 0.04 0.02 0.03 0.03 0.03 0.16 0.22 0.08 0.10 0.20 0.15 0.01 0.03 0.03 0.00 0.21 0.00 0.00 0.02 2.88 4.02 0.11 0.17 0.01 0.01 0.10 0.02 0.04 0.03 0.19 0.04 0.02 0.01 0.01 0.36 0.51 0.09 0.14 0.24 0.16 0.03 0.05 0.13 0.13 0.04 0.05 0.10 0.16 0.02 0.02 0.01

0.04 0.03 0.01 0.02 0.01 0.01

0.95 0.72 0.20 0.14 0.19 1.01

0.09 0.17 0.02 0.05 0.06 0.23

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

W-Z 24 7 70 36 1174 3441

/ SEP TEM BER 2 8 – OCTOBER 1 1 , 2 0 2 0

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

53436 25 315 366 160 173 261 1 3864 245 733 2371 645 488 246 347 250 920 1788 469 542 92 1 5 262 280 1 864 350 1 65 2 1 6099 10209 311 571 30 442 100 10 15 8 23 1 6370 6359 375 57 1360 828 233 1326 108 244 66 17 10 212 154 203 61 17773 70758 1 2756 1 560 418 21 16 631 219 97 4134 367 20 23 319 260

Week

12-month

High

Low

Last

Change

1.33 0.08 0.11 0.04 0.09 0.11 0.08 0.04 13.80 10.46 0.15 0.16 0.12 1.94 1.79 0.12 0.10 1.91 1.47 0.14 0.11 0.19 0.13 0.20 0.99 0.76 1.52 1.05 0.79 0.15 0.21 0.14 7.00 72.13 54.83 0.83 1.08 0.00 0.06 0.01 0.68 0.15 0.20 0.10 0.07 0.20 0.17 1.30 0.21 0.26 0.85 0.13 0.17 0.05 0.31 0.07 0.06 0.43 0.57 0.20 1.28 0.96 8.45 6.43 0.73 0.06 0.45 0.38 0.44 0.34 0.08 0.20 0.15 0.14 0.02 0.01 0.11 0.09 0.21 0.15

1.15 1.21 + 0.08 0.08 0.10 0.11 + 0.04 0.04 0.07 0.08 0.09 0.10 0.00 0.08 + 0.04 0.04 unch 12.54 12.69 9.51 9.60 0.11 0.14 + 0.14 0.16 + 0.10 0.12 1.55 1.90 + 1.61 1.69 + 0.11 0.12 + 0.09 0.10 unch 1.71 1.90 + 1.34 1.40 + 0.12 0.13 unch 0.09 0.10 + 0.00 0.18 0.00 0.13 + 0.17 0.17 0.80 0.95 + 0.60 0.72 + 1.52 1.52 unch 0.82 1.05 + 0.62 0.78 + 0.00 0.15 + 0.19 0.20 0.00 0.14 0.00 2.90 67.47 67.53 51.11 51.19 0.76 0.81 1.01 1.04 0.00 0.04 unch 0.06 0.06 + 0.01 0.01 unch 0.68 0.68 + 0.13 0.15 + 0.19 0.20 + 0.00 0.10 0.07 0.07 unch 0.16 0.17 0.12 0.13 1.10 1.11 0.00 0.18 0.22 0.23 0.79 0.82 + 0.12 0.13 0.16 0.17 unch 0.04 0.05 unch 0.24 0.28 0.06 0.06 0.04 0.04 0.36 0.36 0.47 0.47 0.17 0.19 1.14 1.22 + 0.88 0.91 + 8.01 8.07 + 6.05 6.12 + 0.73 0.73 unch 0.05 0.05 0.00 0.45 unch 0.35 0.36 0.40 0.43 + 0.32 0.33 + 0.08 0.08 unch 0.18 0.18 0.13 0.14 0.12 0.14 + 0.01 0.01 unch 0.01 0.01 0.00 0.11 + 0.09 0.09 0.19 0.20 + 0.15 0.15 unch

0.06 0.00 0.01 0.01 0.01 0.02 0.01 0.00 0.26 0.21 0.03 0.01 0.00 0.31 0.04 0.01 0.00 0.10 0.02 0.00 0.01 0.01 0.00 0.03 0.17 0.14 0.00 0.20 0.14 0.02 0.01 0.04 4.10 2.20 1.66 0.02 0.05 0.00 0.01 0.00 0.01 0.02 0.01 0.01 0.00 0.01 0.00 0.03 0.01 0.02 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.04 0.06 0.02 0.05 0.03 0.13 0.10 0.00 0.01 0.00 0.02 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.00

High Low 1.35 0.10 0.15 0.07 0.29 0.38 0.12 0.09 15.00 11.37 0.24 0.21 0.17 1.94 2.17 0.19 0.14 1.95 1.53 0.25 0.20 0.39 0.24 0.33 1.10 0.84 1.70 1.20 0.91 0.19 0.26 0.18 7.00 76.69 57.89 2.00 1.34 0.05 0.07 0.07 2.32 0.20 0.26 0.20 0.11 0.20 0.17 2.25 0.25 0.32 1.28 0.18 0.25 0.10 0.45 0.48 0.29 0.60 0.80 0.23 1.28 0.96 9.29 7.02 1.07 0.08 0.45 0.44 0.85 0.62 0.15 1.15 0.88 0.18 0.03 0.10 0.16 0.11 0.37 0.28

0.31 0.03 0.03 0.02 0.05 0.07 0.03 0.02 5.74 4.10 0.07 0.04 0.02 0.45 1.15 0.04 0.04 0.44 0.31 0.09 0.07 0.13 0.11 0.05 0.25 0.15 1.00 0.35 0.25 0.13 0.08 0.04 1.00 26.99 18.66 0.29 0.41 0.00 0.02 0.01 0.63 0.04 0.01 0.05 0.03 0.01 0.00 0.05 0.05 0.07 0.43 0.03 0.03 0.01 0.04 0.04 0.02 0.20 0.26 0.03 0.40 0.20 3.11 2.23 0.64 0.02 0.07 0.03 0.26 0.17 0.04 0.15 0.12 0.08 0.01 0.00 0.06 0.04 0.17 0.12

BID-ASK — SEPTEMBER 14–SEPTEMBER 18, 2020 12-MONTH STOCK

African Metals Aftermath Silv Aiml Res Allante Res Alturas Min American CuMo Anconia Res Angkor Res Anglo-Bomarc Antler Hill Archon Mineral Arcus Dev Grp Asbestos Corp AsiaBaseMetals Atlanta Gold Aurelius Min Aurex Energy Avarone Metals Banro Corp* Barker Min BC Moly BE Res Bearclaw Cap BHK Mining Boss Power Brunswick Res Bullion Gold Cairo Res Camrova Res Canadian Metal Cardero Res Cassius Vents Cassowary Cap Centurion Mnls Cerro de Pasc Cerro Mng Chinapintza Mg Clarmin Explor Cliffs Nat Res* Comet Inds Cresval Cap CROPS Currie Rose Rs CWN M’g Acq Cyntar Venture Cyon Explor Cyprium Mng Discovery-Corp District Mines Duro Metals Electra Stone Eurotin Everton Res EVI Global Grp Excalibur Res Fabled Copper Finore Mng Fire River Gol First Idaho Fort St J Nick Freedom Egy Full Metal Mnl Fusion Gold Galore Res GAR Limited Gentor Res

EXC

BID

ASK

LAST

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

0.06 0.24 0.18 0.01 0.01 0.06 0.02 0.10 0.08 0.05 0.12 0.03 0.41 0.29 0.03 0.13 0.04 ... 0.11 0.01 0.04 0.20 0.01 0.02 0.17 0.01 0.06 0.36 0.01 0.09 0.04 0.08 0.01 ... ... 0.27 0.01 0.14 1.45 3.10 0.02 0.01 0.05 0.05 0.17 0.07 0.03 0.08 0.03 0.18 0.01 0.02 0.10 0.03 0.09 0.19 0.12 0.03 0.21 0.13 0.02 0.15 0.01 0.02 ... 0.05

0.09 0.25 0.29 0.19 0.01 0.07 0.02 0.10 0.08 0.05 0.27 0.03 0.85 1.00 0.04 0.14 0.06 ... 0.11 0.01 0.09 0.32 0.03 0.02 0.20 0.09 0.15 0.88 0.01 0.10 0.05 0.14 ... 0.08 ... 0.40 1.00 0.14 3.20 3.65 0.02 0.02 0.05 0.07 0.28 ... 0.03 0.10 0.03 0.38 0.02 0.03 0.10 0.10 0.10 0.19 0.12 0.07 0.33 0.16 0.02 0.15 ... 0.03 ... 0.07

0.06 0.25 0.29 0.16 0.01 0.06 0.01 0.10 0.15 0.06 0.27 0.03 0.80 0.30 0.03 0.14 0.05 0.04 0.11 0.01 0.05 0.20 0.01 0.02 0.17 0.03 0.10 0.21 0.07 0.10 0.05 0.10 0.05 0.07 0.29 0.31 0.02 0.14 1.43 3.10 0.03 0.02 0.04 0.05 0.19 0.12 0.03 0.08 0.12 0.18 0.01 0.02 0.03 0.10 0.10 0.07 0.11 0.09 0.12 0.16 0.01 0.10 0.17 0.03 0.15 0.03

HIGH

LOW

0.33 0.31

0.05 0.10

0.01

0.12

0.01

0.09 0.45 0.04 0.99 0.64 0.04 0.15 0.16 0.15 2.10

0.04 0.10 0.01 0.30 0.22 0.03 0.03 0.03 0.03 0.10

0.06 0.25 0.02

0.03 0.09 0.01

0.47 0.35

0.09 0.20

0.44 0.07 0.10 0.05 0.12 0.34 0.42 0.02 0.18 7.17 3.60 0.08 0.04 0.06 0.21 0.21 0.12

0.01 0.02 0.04 0.01 0.04 0.12 0.07 0.01 0.05 0.98 3.00 0.02 0.01 0.02 0.03 0.08 0.06

0.15 0.24 0.27

0.07 0.05 0.11

0.04

0.01

0.63 0.11 0.16

0.05 0.01 0.02

0.12 0.16

0.12 0.09

0.03 4.13 0.06

0.01 0.13 0.03

12-MONTH STOCK

GFM Res Global Cop Grp Goldbelt Emp Goldblock Cap Golden Indepen GoldHaven Res Graphite Egy Great Lakes Gr Great Quest Fe Green Arrow Greenshield Ex Grosvenor Res GrowMax Res Handa Mining HFX Holding Highbury Proj Highvista Gold Hornby Bay Mnl Hylands Intl Indico Res Inspiration Mg Intact Gold Interconnect Intercontinent Intl Battery Iron South Mng Jasper Mining Jazz Res Jiulian Res JNC Resources K9 Gold Kapuskasing Gd Karora Res Kermode Res Knick Expl Kodiak Copper Latin Metals Le Mare Gold Leo Res Liberty One Li Lida Resources Lido Minerals Lions Bay Mg Lovitt Res Madeira Mrnls MAG Silver* Major Precious Martina Mnls Mas Gold Maya Gold &Sil Micrex Dev MillenMin Vent Minecorp Egy Mineral Hill Minsud Res Miramont Res Mongoose Mg Montana Gold Montego Res MPV Explor Murchison Min Navis Res Corp Nebu Res New Klondike Newmac Res Nexco Res

EXC

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

BID

0.10 0.07 0.01 0.17 ... ... ... 0.05 ... 0.02 0.15 0.17 0.04 0.03 0.01 0.23 ... 0.09 0.04 ... ... 0.06 0.05 0.10 ... 0.24 0.06 0.22 0.12 0.48 0.17 0.10 0.47 0.01 0.01 0.05 0.03 0.01 ... 0.06 ... 0.23 ... 0.12 ... 12.52 ... 0.05 0.08 1.94 0.02 ... ... 0.14 0.06 0.15 0.06 0.09 0.01 0.07 0.09 ... 0.04 0.01 0.06 0.14

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

0.14 0.08 0.02 0.25 ... ... ... 0.05 0.01 0.03 0.19 0.24 0.04 0.04 ... 0.50 ... 0.09 0.07 0.01 ... 0.07 0.07 0.12 ... 0.27 0.10 0.35 0.12 0.65 0.24 0.10 0.48 0.02 0.01 0.06 0.04 0.01 ... 0.06 ... 0.26 0.28 0.20 ... 13.30 ... 0.13 0.08 2.19 0.02 0.49 ... 0.14 0.10 0.15 0.20 0.10 0.03 0.15 0.10 ... 0.04 0.01 0.08 0.15

0.15 0.08 0.02 0.16 0.38 0.42 0.47 0.04 0.10 0.02 0.16 0.16 0.09 0.03 0.01 0.23 0.17 0.11 0.04 0.01 0.03 0.06 0.06 0.12 0.31 0.24 0.06 0.26 0.09 0.42 0.24 0.10 0.48 0.01 0.01 0.05 0.03 0.09 1.09 0.07 0.24 0.22 0.28 0.18 0.03 12.52 0.42 0.05 0.08 2.01 0.01 0.05 0.12 0.15 0.10 0.14 0.05 0.10 0.01 0.16 0.10 0.30 0.04 0.01 0.07 0.13

0.15 0.11

0.05 0.04

0.16 0.40 0.45 0.47

0.12 0.05 0.06 0.42

0.04 0.22 0.20

0.02 0.00 0.09

0.05 0.02 0.30

0.02 0.01 0.22

0.11 0.06

0.02 0.03

0.09 0.06 0.33

0.03 0.06 0.11

0.28 0.25 0.44 0.09 0.54 0.28 0.14 0.73 0.02

0.04 0.01 0.14 0.01 0.18 0.16 0.05 0.20 0.01

0.13 0.16 0.09

0.04 0.02 0.04

0.08 0.27 0.30 0.39 0.27

0.04 0.13 0.19 0.04 0.12

14.40 0.42 0.06 0.14 2.50

6.12 0.02 0.05 0.03 0.82

Norse Gold Northway Res Optimus Gold Ord Mountain Osprey Gold Pac Arc Res Pac Bay Mnrls Pacific Silk Pan Andean Min Philippine Mtl Primary Energy Prime Meridian Prism Res ProAm Expl Prophecy Pot Quantum Cobalt Quinto Res Rare Element* Rathdowney Res Razore Rock Res Red Oak Mining Reliant Gold Rhyolite Res Riley Resource Rizal Res Rockland Mnls Ross River Sage Gold Samco Gold Scotch Creek Secova Mtls Sennen Potash Sierra Madre Silver Phoenix SouthGobi Res Southstone Min Stans Energy Superior Mng Surge Explor Tearlach Res Tiger Intl Top Explor Tri-River Vent Trident Gold TriMetals Mng Tymbal Res Ultra Resource Vale* ValOre Metals Vatic Vent Viking Gold Voyageur Min Vulcan Mnrls Western Pac Rs Whitemud Res Winshear Gold Worldwide Res Yukoterre Res Zadar Ventures Zara Res Zenith Explor Zinco Mng Zincore Mtls

0.20

0.07

0.15 0.16 0.15 0.10 0.06 0.16 0.18

0.01 0.05 0.05 0.02 0.01 0.06 0.04

0.09 0.16

0.03 0.06

EXC

BID

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

0.07 0.33 0.12 0.20 0.09 0.02 0.15 0.02 0.06 0.01 ... 0.07 0.03 0.11 0.12 ... 0.07 0.11 0.07 0.05 0.10 ... 0.16 0.16 0.01 0.07 ... 0.01 0.01 0.10 0.05 ... 0.16 0.10 0.01 0.01 0.01 0.55 0.39 0.12 0.11 0.11 ... 0.12 0.11 0.04 0.08 ... 0.06 0.05 0.31 0.31 0.07 0.69 0.01 0.12 0.04 ... 0.32 ... 0.06 0.05 0.05

ASK

0.09 0.40 0.24 0.20 0.09 0.25 0.18 0.03 0.06 0.08 ... 0.07 0.04 0.15 0.19 ... 0.07 0.16 0.10 0.09 0.10 ... 0.19 0.45 0.02 0.08 0.26 0.01 0.01 0.16 0.06 1.10 0.20 0.16 0.12 0.01 0.01 0.60 0.44 0.17 0.39 ... ... 0.17 0.12 0.05 0.09 ... 0.07 ... 0.45 0.40 0.08 0.69 0.02 0.14 0.06 ... 0.32 ... 0.10 0.07 0.40

LAST

0.06 0.14 0.15 0.20 0.09 0.16 0.19 0.03 0.09 0.06 0.17 0.07 0.03 0.11 0.20 1.10 0.08 0.15 0.10 0.07 0.10 0.02 0.20 0.24 0.02 0.08 0.26 0.02 0.05 0.10 0.05 0.45 0.20 0.10 0.09 0.01 0.01 0.57 0.39 0.12 0.11 0.05 0.04 0.12 0.12 0.04 0.08 10.24 0.07 0.10 0.31 0.40 0.07 0.51 0.02 0.14 0.05 0.10 0.30 0.07 0.02 0.05 0.05

HIGH

LOW

0.09 0.17 0.15 0.25 0.12 0.27 0.19 0.03 0.10 0.09 0.82 0.11 0.04 0.15 0.20 3.15 0.08 0.89 0.11 0.10 0.23

0.02 0.05 0.01 0.06 0.02 0.16 0.05 0.01 0.03 0.02 0.16 0.04 0.01 0.05 0.02 0.20 0.02 0.06 0.05 0.04 0.04

0.26 0.24

0.04 0.11

0.11

0.01

0.25 0.06

0.06 0.03

0.20 0.25 0.20 0.04 0.02 0.64 0.23 0.20 0.20 0.05

0.04 0.10 0.06 0.01 0.01 0.05 0.03 0.07 0.04 0.02

0.20 0.12 0.06 0.10 11.10 0.13

0.12 0.03 0.02 0.02 6.57 0.07

0.59 0.52 0.21 0.62 0.03 0.15 0.07 0.16 0.35 0.22 0.11

0.28 0.13 0.02 0.21 0.01 0.05 0.02 0.08 0.08 0.07 0.02

SEP TEM BER 2 8 â&#x20AC;&#x201C; OCTOBER 1 1 , 2 0 2 0

/ TH E N OR TH ER N

M I N ER

W . N OR TH ER N M I N ER . COM