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Azimut’s Patwon appears to be widening at depth SITE VISIT

| More drilling planned, but laboratory backlogs are impeding planning progress

Taranis Resources’ B.C. bulk permitting tussle a provincial exploration industry boon | New regulations lighten the load for companies evaluating projects

REGULATIONS

BY HENRY LAZENBY RADISSON, QUEBEC

uebec-focused project generator Azimut Exploration (TSXV: AZM) expects the mineralized intrusion underpinning the Patwon discovery of 2019 to widen and increase in grade at depth, president and CEO Jean-Marc Lulin tells The Northern Miner. “There was plenty of visible gold evident in the core samples recovered from the June drill program, but for which results remain outstanding,” Lulin said on a recent sponsored site visit to the flagship Elmer property in the province’s remote James Bay region. It could even be that the company’s drills are closing in on a second intrusive, but until the company receives the assay results from backed-up laboratories, it would remain hard to tell. Further drilling remains halted in anticipation of the results. According to Lulin, the Patwon zone is a consistent, steeply dipping, gold-bearing zone that has been traced over a strike length of 500 metres and to a minimum depth of 450 metres, where the system remains “robust and open,” with a possible gold grade increase with depth. The average estimated actual width is about 35 metres based on the published results from 44 drill holes. True widths can reach up to 80 metres. “Patwon shows an impressive cen-

tral core that extends from surface to a minimum depth of 450 metres, with an estimated true width of 50 metres and a grade-by-thickness factor ranging from 50 to 412 (based on true widths),” says Lulin. “The core zone appears to widen to the west and with depth. It correlates spatially with a vertically dipping felsic intrusion, indicating a strong possibility for kilometre-scale vertical extent.” Patwon is an orogenic gold-bearing system in a three-kilometre-thick sequence of felsic volcanics with porphyritic intrusions, mafic volcanics, polymictic conglomerates and gabbroic sills. This deposit type classically has the potential for kilometre-scale vertical extension. To date, the team’s understanding of the mineralization is mainly related to quartz-vein networks and their wall rock alteration haloes, with pyrite as the dominant sulphide, occurring as fine-to-coarse disseminations, crosscutting stringers and semi-massive to massive lenses. Alteration comprises pervasive silica, feldspar, sericite, chlorite, carbonate and tourmaline. Native gold grains are frequent. The team has traced the northwest-southeast-trending mineralized envelope northwards, dipping an average of 75° and is subparallel to the schistosity. “It appears geometrically simple, with no internal folding or crosscutting barren dykes, commonly found in other deposits in the James Bay area,” notes Lulin.

Azimut Exploration president and CEO Jean-Marc Lulin at the Patwon discovery outcrop. AZIMUT EXPLORATION

“The preliminary geometry supports the concept of an initial openpit mining operation. The consistent high-grade component in most holes suggests the potential for an underground mining component as well,” says Lulin. The intensity of quartz veining may be partly controlled by rheologic contrasts between host lithologies (felsic intrusives, felsic volcanics and mafic rocks) within an extensive shear zone. Initial metallurgical tests indicate potentially excellent gold recoveries through a gravity circuit and cyanide leaching. Patwon is a gold-only system with no unwanted elements, such as arsenic or bismuth. Back-of-napkin calculations show Azimuth has already identified about one million ounces at substantial grade at Patwon to date. Barrick Gold (TSX: ABX; NYSE: GOLD) formerly held the Elmer property under option from Eastmain Resources (now Fury Gold Mines (TSXV: FURY; NYSE-AM: FURY)), initially centred around the Duxbury claim, which was later folded into the larger Elmer property. Lulin says Azimut had noticed strong anomalies in its ‘big data’ analysis and had identified a strong See SITE VISIT / 16

BY HENRY LAZENBY

he recent receipt of an Environmental Management Act (EMA) permit allowing explorer Taranis Resources (TSXV: TRO; US-OTC: TNREF) to undertake a bulk sample at its Thor polymetallic project in British Columbia is a bitter-sweet victory, president and CEO John Gardiner tells The Northern Miner. The August issued permit follows the July issuance by the Energy, Mines, and Low-Carbon Innovation (EMLI) ministry of a Mines Act permit approving the 10,000-tonne bulk sample plan submitted initially by Taranis in 2018. The Mines Act permit is the principal authorization required for Taranis to execute bulk sampling activities. The permit has a duration of five years, and Taranis has already paid a portion of the reclamation bond to EMLI to commence site stability investigations this summer. Similarly, the EMA permit concludes the permitting phase for the bulk sample. But to get it, the company had to jump through regulatory hoops that led nowhere. According to Gardiner, a bulk sample is a valuable and indispensable exploration-level tool — and in many cases, it is required to assess deposits for their geological and economic viability. He says the B.C. government made sweeping changes to the Mining Act following the 2014 Mt Polley disaster. “Unknown to many exploration companies, bulk samples got swept under the rug in B.C. following the Mt Polley incident,” Gardiner says in an interview. “Essentially, the government legislated them out of existence because bulk samples could be construed as ‘mining.’” “If you told a doctor that his CATscan machine was going to be legislated out of existence, how do you think the doctor would react? More importantly, how do you think the patients would fare? “I can guarantee you that there would be many failures to diagnose critical disease — and with the ‘removal’ of bulk sampling, the determination of whether a mineral deposit is economical or not would suffer in the geological perspective,” he says.

FORECAST: MOODY’S SAYS METAL PRICES TO SOFTEN IN 2022 / 2

“THE LACK OF ANY PERMITS FOR BULK SAMPLES FOR YEARS IN THE PROVINCE WAS A COMMON OBSERVATION.” DAVID JOHNSTON PRESIDENT OF THE CHAMBER OF MINES OF EASTERN BRITISH COLUMBIA

Unfortunately for Taranis — a budding explorer holding a 100% interest in the Thor silver, gold, zinc, lead, and copper deposit near Trout Lake in southeastern B.C. — the company had to not only navigate permitting a bulk sample, but it also had to convince the B.C. government of the undertaking. In the process, “Taranis singleSee REGULATIONS / 2 PM40069240

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Robust metals price outlook softens in 2022, Moody’s says FORECAST

| Demand for metals to remain high

BY HENRY LAZENBY

he global metals and mining industry outlook has changed from ‘positive’ to ‘stable’ with a new Moody’s Investors Service report finding that despite most metals prices exceeding historical marks, that doesn’t mean they will improve from current levels. The high current price levels are expected to fade through 2022 despite expected high overall demand for metals and mining throughout the period. In its report covering the mediumterm outlook for iron ore, steel, coal, aluminum, gold, silver, nickel, copper and zinc, Moody’s expects most prices would exceed historical marks. “We expect industry’s earnings before interest, taxes, depreciation and amortization to increase by about 8% through mid-2022 based on economic recovery supporting demand for base metals, iron ore, steel and coal,” says Moody’s senior VP Barbara Mattos in a statement sent to The Northern Miner’s sister publication, MINING.COM. Moody’s sees most base metals prices showing signs of steadying in 2022 after reaching historical peaks this year. Among the primary base metals, aluminum prices are expected to remain elevated through at least mid2022. Aluminum prices will remain elevated through early 2022, having exceeded US$2,600 per tonne, or US$1.18 per pound, in mid-2021 – their highest level in a decade. Copper prices are also expected to remain strong through at least late 2022 compared with historical averages, and for the longer term, a structural deficit will keep copper prices high. The carbon-transition efforts of governments and industries ultimately benefit copper production, and copper supplies have been struggling to keep up with demand in certain regions, including Chile. Copper prices remained above US$4.00 per pound since February, with the substantial recovery of demand, briefly peaking at nearly US$5.00 per pound in early May before retreating amid China’s risk from the Covid-19 Delta variant, which slowed China’s manufacturing activities and, therefore its copper imports. Moody’s sees copper prices in the third quarter still well above the US$2.50 to US$3.00 per pound range in the years before the pandemic

REGULATIONS From 1

handedly forced the government to write ‘new’ regulations and make them public earlier this year,” Gardiner says. “It acted as an agent of change to benefit all prospectors, explorers, and miners in B.C.” “In our case, it involved the independent B.C. Ombudsperson to examine how bulk sampling was effectively destroyed in the province by essentially knee-jerk government reaction to an industry incident, requiring the Ombudsperson to compel the government to follow its own regulations. “As all exploration is governed by legislation at the provincial level — exploration companies need to be made aware that government can be influenced when a critical mistake is made at the regulatory level, and corrective actions made,” says Gardiner. Taranis’ trouble started in 2015 when the board approved undertaking a bulk sample at Thor to under-

Offloading copper cathode at Codelco’s Mejillones port complex. CODELCO/FLICKR

stand the metallurgical recoveries of the deposit more fully. The decision was made to apply for a bulk sample permit with Energy, Mines and Petroleum Resources — now called EMLI. The purpose of the bulk sampling was several-fold. It included better understanding the metallurgical recoveries, the grade (quality) of the resource, and testing for the presence of several other elements that occur in the deposit of potential economic interest (antimony, indium, tin, gallium, among others) that had not been analyzed systematically through drilling. Gardiner explains that previous metallurgical testing had shown that all the metals of economic interest were recoverable using gravity separation through a Gekko-IPJ (InLineProcessing Jig) plant. The test material source would be from two existing brownfield open-pits and from previous dump sampling that had been shown as representative of the main

Thor deposit. As such, it provided an easily accessible source of material for a bulk sample that did not require any activities usually associated with mining, such as drilling and blasting. The plan is simple. The material would be processed onsite through the Gekko plant and would produce a high-grade pre-concentrate onsite that could be shipped to a flotation plant in Montana for processing. The company would collect detailed information during the sample processing to understand the nature of the ore at both the pre-concentration and concentration phases. The data would then be used in the feasibility study of the deposit. In addition, smelters that would process the concentrate generally insist on receiving large volumes of concentrate to test and formulate smelter contracts (in the hundreds of tonnes). In 2015, Taranis contacted EMLI to discuss the process to obtain a

locked down many of the world’s economies in March 2020. Global industrial activity remains strong, with manufacturing purchasing managers indexes above 60 in the United States and Europe and around 50 in China. Moody’s expects the high nickel prices of the first half of 2021 to be unsustainable in 2022 but will likely remain high at least into the start of the year. Production has fully recovered to pre-pandemic levels, and nickel will be in ample supply. In August, prices of about US$19,000 per tonne, or US$8.62 per pound, were up nearly 40% from their US$13,784 tonne (US$6.25 per pound) average in 2020 amid recovering economic activity, the lifting of Covid-19 restrictions and expectations of high demand for batteries. However, analysts flagged increasing supplies of nickel pig iron (NPI), a low-grade ferronickel and a cheaper alternative to pure nickel in stainless steel production, will keep rising as additional facilities ramp up activity in Indonesia. The increase in Indonesian NPI is expected to offset decreasing production in China, which faces reduced availability of ore and rising ore prices. While zinc prices showed some strength in mid-2021, the longerterm prices will fall to the lower end of Moody’s price range as long-term production growth outstrips low demand growth. Prices will remain elevated through the second half of

bulk-sample at Thor. After a period of internal discussions, Taranis was informed that it would have to submit a Joint Environmental Mining Act application (JEMA) and an accompanying Information Requirements Table (IRT) for effluent discharge. According to Gardiner, JEMAs were designed initially for ‘major mines’ permitting applications and were generally considered above the ability and expense a junior explorer could commonly afford. “Generally, a JEMA is done after a feasibility study has been completed and the operator decides commercial production is warranted. It is not designed for exploration-level work,” says Gardiner. Fast forward to mid-October 2018, Taranis submitted its JEMA (500 pages) to EMLI that included extensive details about how it planned to undertake the bulk sample. This JEMA included details such as hydrology, baseline water sampling, envi-

2021 amid strong demand from the steel sector and reduced zinc production in China. The world zinc market is now shifting from a deficit to a surplus, with production recovering at the large zinc mines of Peru, Mexico and Bolivia, among other countries. This prompted Fitch Solutions Country Risk and Industry Research to issue a report declaring global mined zinc production will probably grow at the fastest pace, 4.3%, since 2012 in 2021 as disruptions caused by the Covid-19 outbreak wane. Beyond 2021, the rebound in mine output that began in 2019 after five consecutive years of contraction will persist, Fitch says. “However, lower zinc prices will limit the scale of growth in new projects, expansions and restarts in the coming years as the economic attractiveness of projects begins to wane. We forecast global mine production to grow at an annual average rate of 1.9% over 2021-2030,” says Fitch. Iron-ore prices will move gradually toward their US$70 to US$80 per tonne average levels of 2016 to 2019 beyond 2022. Tight iron-ore supplies will keep prices above their historical norms through 2022. Still, prices have retreated sharply from their peaks earlier this year as supplies have increased and demand growth decelerates, according to Moody’s. Coal prices are expected to remain relatively high but will taper as supply problems, and geopolitical disputes ease. The worldwide supply-demand imbalance for steel will return through 2022, with prices gradually declining toward their historical averages from the unusual highs of this year, Moody’s forecasts. Meanwhile, Moody’s expects market uncertainty, low real interest rates and inflation will keep gold prices above historical levels through 2022, but prices will ease from around US$1,800 per ounce in the third quarter of 2022 amid a continuing economic recovery, a stronger US dollar, and a gradual increase in yields. “Some economic indicators suggest that inflation will rise beyond central bank expectations, and the US Federal Reserve is unlikely to budge on its accommodative stance anytime soon,” Moody’s says. “Gains in silver prices support continued high levels in 2022, reflecting the same factors as for gold, as well as an ongoing recovery in industrial demand.” TNM

ronmental characteristics of the material to be processed, details of the processing operation, coarse reject storage, among numerous other attributes. “It addressed all of the information required to operate a full-scale commercial mining operation — albeit many of the items were not applicable, such as five-year reclamation plans,” says Gardiner. In early August 2019, Taranis was notified that its JEMA/IRT had been accepted for technical review. Over the next two years, the project was subjected to the scrutiny of at least 28 different technical reviewers, with numerous meetings ostensibly leading to resolution. According to Gardiner, Taranis was asked to complete additional reports on the project that included various site designs, biological field surveys, and facilities designs by qualiSee REGULATIONS / 16

GLOBAL MINING NEWS

THE NORTHERN MINER / SEPTEMBER 27—OCTOBER 10, 2021

MINExpo panel highlights ongoing digital transformation of mining MINEXPO

| Conference also underscores need to recruit young talent

BY ALISHA HIYATE

fter a year-long delay, MINExpo 2021 — the mining industry’s first big in-person event since the start of the Covid-19 pandemic — kicked off in Las Vegas on September 13. The massive three-day expo of the latest in mining equipment and technology usually takes place every four years, and was originally scheduled for September 2020. With Covid travel restrictions still in place, attendance has been markedly lower this year. The organizer, the National Mining Association (NMA), says there are “thousands” of attendees from 30 countries at the convention, and 1,300 exhibitors from 30 countries. That compares with 44,000 delegates from 130 countries and 1,900 exhibitors in 2016. Miners come to MINExpo looking for solutions aimed at improving productivity, safety and sustainability. This year’s focus is on mining automation, electrification and digital transformation — all topics of an opening day panel moderated by A.B. Stoddard, associate editor and columnist with RealClearPolitics. The livestreamed discussion included representation from miners Barrick Gold (TSX: ABX; NYSE: GOLD) (president and CEO Mark Bristow), Consol Energy (NYSE: CEIX) (president and CEO Jimmy Brock) and Arch Resources (NYSE: ARCH) (president and CEO Paul

The MINExpo 2021 opening panel in Las Vegas. MINEXPO

Lang), as well as the two largest mining equipment manufacturers Caterpillar (resource industries group president Denise Johnson) and Komatsu Mining (president and CEO Jeffrey Dawes). While the panel noted that the mining sector has already seen huge advantages from the introduction of automation in safety and productivity, more progress is now needed in data analytics. Barrick’s Bristow said that although

mining equipment already generates a lot of data, miners don’t have the ability to process it and use it to gain insights. “We know that airlines can monitor engines mid-flight across the Atlantic. Some of the equipment we use are already equipped to supply that sort of AI (artificial intelligence), but as miners we’ve got to invest in the proper platforms to be able to assimilate that.” Bristow added that “AI is an abused

term” in the industry. “For us to get there, we have a little ways to go.” Komatsu’s Dawes noted that the pandemic has accelerated digital transformation, giving both miners and suppliers a “good shove” forward. “For a year and a half, we couldn’t get our technicians onto the mine sites — we pushed heavily into the remote health monitoring on the machines and developed our skills,” he said. As a result, both Komatsu and its mining clients have “gone up that

curve very steeply” and realized the true value of remote monitoring and analytics. “We don’t need so many people onsite anymore — we can do a lot of this analysis offsite.” While MINExpo is heavily focused on technology, the panel also discussed the need to attract smart young people to the industry. Arch Resources’ Lang says he’s asked himself if he was 23 and just getting out of school now, would he would still choose to join the mining industry? “It’s a hard question to answer and it’s not a pleasant question because the perception and the outlook are not what they were 40 years ago, and I find that a little sad,” he said. The people piece is essential to solving the safety, sustainability and productivity challenges of the mining industry, said Bristow. “It’s all about investment and we haven’t invested in young people — and our own future. We’re an industry that grasps at instant gratification and people and skills and communities require investment.” He added that miners needed to step up recruitment of the best and brightest at universities, technical and training colleges. “We’ve got to get to the front of the queue and get those really smart young people into our businesses so we can build those platforms that will give us the necessary information so we can make the innovative breakthroughs that we need to make.” TNM

JOINT VENTURE ARTICLE

Headwater Gold targets bonanza gold in the western US BY NORTHERN MINER STAFF

The western United States has long been a source of mining riches, with Nevada a prime example. The state has one of the highest gold endowments on the planet, annually producing approximately 84% of all the gold in the U.S. While a lot of exploration in parts of the region has focused on near-surface, bulktonnage targets, Vancouver-based junior Headwater Gold (CSE: HWG; US-OTC: HWAUF) is targeting bonanza-type epithermal vein deposits in Nevada, Idaho and Oregon by exploring for large, mineralized systems with evidence of untested, high-grade gold-silver mineralization at depth. The company has a portfolio of projects located in the three states, with half of the company’s assets located in southwestern Nevada’s Walker Lane trend, and the remainder situated west of Boise along the OregonIdaho state line. According to Headwater one of the reasons why it has been able to acquire the assets in its portfolio is because it uses a proprietary target generation system. The company says it has built up a large database that covers the entire western U.S. and incorporates both public and private data. The system geospatially

links numerous datasets including geology, geochemistry, geophysics, mining claim data, permitting activities as well as a variety of historic exploration data into one searchable central database that can be filtered for specific exploration targets, the company says. This data aggregation system, as well as extensive local knowledge and a technical team, puts the company in a good position to generate new projects in the region, according to president and CEO Caleb Stroup. “The portfolio approach that we’re taking is somewhat rare, especially given the fact that most of our projects are generated internally,” Stroup says. “We’re actively working on a number of projects at any given time, and we intend to drill something like three to five every year. We’re not going to spend too much time working on one underperforming, historic property. We are looking for something new, something high impact and potentially high margin that will get the attention of the majors and midtiers who are looking to bring things into production in a stable jurisdiction.” Stroup highlights the company’s most recent exploration work, a drill program that was completed in mid-

Drill rig at Headwater Gold’s Spring Peak project in Nevada. HEADWATER GOLD

September at its Spring Peak asset in Nevada, located about 150 km southeast of Carson City in the state’s west-central Aurora mining district. A large hydrothermal alteration cell occurs in the center of the Spring Peak project area and the company identified several previously undrilled high-grade vein targets at depth beneath the high-level alteration cap. In August, Headwater began a program of five first-pass reverse circulation drill holes totaling 1,350 metres at Spring Peak, which was completed on schedule and under budget. The drill holes cut across the interpreted principal structural

controls on the alteration cell at vertical depths between 100-200 metres below surface. Epithermal quartz veins were intercepted in four of the five drill holes at a variety of elevations and within multiple structures, with individual vein zones ranging from 1.5 to 18.3 metres in drilled width. The company says it expects assay results by the end of October. “I have no doubt that there are world-class discoveries waiting to be made in Nevada, and in the western U.S. in general,” says Stroup. “Are they easy to find? No. But I think the formula that we’ve set out offers us

and our shareholders a good chance of success. The key is to remain disciplined in our decision making and to not fall into the trap of falling in love with projects and staying too long or spending too much money on them. If projects don’t perform, we have no qualms with walking away. We are driven by the simple desire to make a world-class discovery.”

The preceding Joint Venture article is PROMOTED CONTENT sponsored by Headwater Gold and produced in cooperation with The Northern Miner. Visit www.headwatergold.com for more information.

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EDITORIAL GLOBAL MINING NEWS · SINCE 1915

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What’s driving aluminium prices?

GROUP PUBLISHER/ PUBLISHER: Anthony Vaccaro, CFA, MBA avaccaro@northernminer.com EDITOR-IN-CHIEF: Trish Saywell, BA, MA, MSC (JOUR) tsaywell@northernminer.com MULTIMEDIA SPECIALIST: Henry Lazenby hlazenby@northernminer.com REPORTER: Magda Gardner, BASC (MINERAL ENG) mgardner@northernminer.com REPORTER AND PRODUCTION EDITOR: Daniel Sekulich dsekulich@northernminer.com PHOTO EDITOR AND PODCAST HOST: Adrian Pocobelli, MA (ENGL) apocobelli@northernminer.com EDITOR, DIAMONDS IN CANADA: Alisha Hiyate, BA (POLI SCI, HIST) ahiyate@northernminer.com ADVERTISING: Joe Crofts (416) 510-6816 jcrofts@northernminer.com Michael Winter (416) 510-6772 mwinter@northernminer.com SUBSCRIPTION SALES/ APPOINTMENT NOTICES/ CAREER ADS George Agelopoulos (416) 510-5104 (Toll free) 1-888-502-3456, ext. 43702 gagelopoulos@northernminer.com PRODUCTION MANAGER: Jessica Jubb (416) 510-5213 jjubb@glacierbizinfo.com CIRCULATION/CUSTOMER SERVICE: (403) 209-3505 1-800-387-2446 northernminer2@northernminer.com REPUBLISHING: (416) 510-6768 moliveira@northernminer.com ADDRESSES: Toronto Head Office: 225 Duncan Mill Road, Suite 320 Toronto, ON, M3B 3K9 (416) 510-6789 tnm@northernminer.com SUBSCRIPTION RATES: Canada: C$120.00 one year; 5% G.S.T. to CDN orders. 7% P.S.T. to BC orders 13% H.S.T. to ON, NL orders 14% H.S.T. to PEI orders 15% H.S.T. to NB, NS orders U.S.A.: US$120.00 one year Foreign: US$157.00 one year GST Registration # 809744071RT001 (ISSN 0029-3164) CANADA POST: Return undeliverable Canadian addresses to Circulation Dept. c/o The Northern Miner 225 Duncan Mill Road, Suite 320 Toronto, ON M3B 3K9 Publication Mail Agreement #40069240 Periodicals Postage Rates paid at Niagara Falls, NY, 14304. U.S. office of publication 2424 Niagara Falls Blvd, Niagara Falls, N.Y. 14304. U.S. POSTMASTER: send address corrections to: Northern Miner Box 1118 Niagara Falls, N.Y. 14304.-7118

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THE VIEW FROM ENGLAND

he West African nation of Guinea is often referred to as the ‘Saudi Arabia’ of bauxite since it produces about 23% of the world’s supply of the commodity — second only to Australia (26%). It is also among the world’s best quality bauxite, which is a primary ingredient used to make aluminium. BY TRISH SAYWELL So when an elite faction of the military led by Colonel Mamady Doumbouya seized power on September 5 and arrested President Alpha Conde, the world, and those in the aluminium business in particular, took more notice of events in the tiny country of 13 million people than they might have otherwise. The international community condemned Conde’s overthrow — despite the fact that the 83-year-old president had manipulated the country’s constitution in 2019 to permit himself to run for (and win) a third term (lasting six years), provoking protests that were squashed by security forces leaving dozens of people dead. Since the coup, prices for aluminium, a metal used in everything from cars, aerospace and construction to beverage cans, have hit a thirteen year high of US$3,000 per tonne. They have pulled back in recent days to the mid-US$2,800s, yet a sharp decline is unlikely in the near term. But it turns out that the coup and the worry it will affect Guinea’s bauxite exports to China, the world’s largest aluminium producer, have had much less to do with the metal’s soaring price than structural issues in China including power shortages related to energy efficiency targets and President Xi Jinping’s goal of cutting pollution and putting the manufacturing juggernaut on the path to becoming carbon neutral by 2060. Aluminium production requires enormous amounts of electricity. To get a better grasp of what’s really driving aluminium prices, I reached out to two experts from commodity market analysis firm CRU International, Gregory Wittbecker and Stephen Williamson. Wittbecker is a 37-year veteran of the sector who joined CRU as an advisor upon retirement from Alcoa where he worked as VP of industry analysis for fifteen years, and prior to that ran trading operations at Koch Metals, Cargill and Wise Alloys. Williamson, the other half of CRU’s North American aluminium team and research manager, also has worked in the aluminium industry for more than three decades including stints at Alcan, Commonwealth, and Arco/TriArrows. Wittbecker noted that it is true China has been increasing its presence in Guinea over the last four or five years after Indonesia first imposed an embargo on bauxite exports in January 2014. Since then it has become a significant importer of Guinean bauxite, and last year imported 52.7 million tonnes, up 10.9% year on year. Nevertheless, China currently has a bauxite stockpile of 50 million tonnes — or about six months’ worth of imports — according to CRU, and so far there have not been any disruptions to major bauxite operations or to the ports. As with most metals, Wittbecker says, China lies at the heart of the structural issues driving prices. “We’re seeing a significant curtailment of aluminium production in China short-term due to energy shortages in the provinces of Yunnan and Guangxi,” he explains. “China has implemented this ‘dual control’ mechanism where they’re looking at the energy efficiency of a host of smelters in many provinces [and] there is an aggregate of nine million tonnes of smelting capacity under scrutiny having exceeded China’s energy consumption goals.” China has also introduced a production cap on the metal that limits aluminium production to 45 million tonnes per year. “Right now they’re producing 40 million tonnes, but there is the expectation that China is deadly serious about capping that output, and re-engineering to secondary or recycled content. That means that the market outside China is going to have to be much more dependent on non-Chinese sources of export material.” Not only do you have state-imposed energy shortages in the south, he says, which are forcing some smelters to curtail between 30% and 50% of their output, but Beijing may also come in and enforce some of its energy consumption targets in other provinces. What’s more, China has traditionally imposed controls on aluminium production during the winter months to curb pollution. And as the host of the 2022 Winter Olympic Games, which start February 4, they are eager to ensure pristine, pollution-free skies. At the same time, the world has worked off surpluses of aluminium that built up during the financial crisis, he says. “We’ve pretty much exhausted those inventories and we think the market will be in a deficit this year of over 1 million tonnes and next year we could repeat that deficit,” he says. “Barring any new supply, we’re likely to be flirting with deficits for the remainder of this decade.” A lot of momentum behind the current price is thinking about the future, he adds, “and what does the incentive price have to be to get producers outside of China re-investing again in reopening idle capacity or building a new greenfield smelter. The current move to US$2,500 to US$3,000 per tonne is a function of the market trying to figure out how to triangulate what number it should be to incentivize people to build again.” In his view, that number has to be well above US$2,500 per tonne. On the downstream side, Williamson notes that demand is increasing for fabricated aluminium products for everything from autobody sheets and beverage cans to travel trailers and pleasure craft. “Virtually every aluminium consuming segment is experiencing year-on-year growth, even during the Covid period,” Williamson says. “It’s the perfect storm of supply and unprecedented demand dragging prices higher for bauxite and alumina to aluminum fabricated products.” For beverage cans, he says, consumer preferences for cans rather than plastic bottles is driving aluminium demand, while for cars it’s all about lightweighting and carbon reduction. He cites statistics from DuckerFrontier illustrating that the North American auto industry has recorded an average mass increase of 32 pounds of aluminium per vehicle since 2016. The market research and advisory firm forecasts that the total aluminium content per vehicle will grow from 397 lb. in 2015 to 471 lb. in 2022, about a 22% increase. And electric vehicles will require even more aluminium than conventional cars, Williamson says, to compensate for heavy battery boxes. TNM

DEPARTMENTS

Editorial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Professional Directory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Market News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Metal, Mining and Money . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Stock Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20-23

COLUMN

| Augmented humans in Las Vegas

BY DR. CHRIS HINDE Special to The Northern Miner

usually celebrate September 13 as the day on which the world’s greatest author of children’s stories was born, but this year it also marked the (near) return to normality for mining trade shows. Roald Dahl was born to Norwegian parents in Cardiff, the capital of Wales, in 1916, and died 74 years later having penned some of Britain’s greatest tales for children. These included James and the Giant Peach, Charlie and the Chocolate Factory, Fantastic Mr. Fox, The Twits, George’s Marvellous Medicine, The BFG, The Witches, Matilda and The Minpins. These books, which have sold over 250 million copies, are known for their macabre, often darkly comic story lines, usually featuring villainous adults. Dahl had a rich experience upon which to draw. Named after a Norwegian polar explorer (Amundsen), he spent five years working for Shell in Kenya and Tanganyika (now Tanzania), was a decorated fighter pilot in World War II and spent the last few years of that conflict supplying intelligence from the U.S. to British Prime Minister Winston Churchill. On September 13 this year we also celebrated the return of the world’s largest mining-focussed equipment and technology convention. After a one-year postponement, MINExpo International was held at its usual Las Vegas venue on September 13-15. The event, which is sponsored by the Washingtonbased National Mining Association, is held every four years but was postponed last September because of Covid-19. MINExpo is the first large-scale mining trade show to take place in a world emerging from the pandemic. We are not yet back to normal, however, and the event is unlikely to have attracted the 44,000 delegates that attended in 2016. Many companies are reporting that they have sent fewer staff, and the number of exhibitors is also down to some 1,100 companies, compared with the almost 1,900 exhibitors of five years ago. Nevertheless, the numbers of companies and people that attended the three-day event is encouraging, and gave the sector an opportunity to showcase a wide range of products and services for the exploration, mining and processing industries. MINExpo kicked off with a panel discussion on the trends, challenges and opportunities for mining. All three of these talking points are exemplified by the burgeoning demand for metals from new minerals-intensive technologies such as batteries and wind- and solargenerated power. Exhibitors showcased technology that is going to help the mining industry satisfy its critical role in the

years ahead. Artificial intelligence (AI), in particular, is likely to play a large part in improving operating efficiency and safety while reducing environmental impact. The increasing importance of AI has been emphasised by BHP’s recent deal with KoBold Metals. Founded in 2018, the Silicon Valleybased firm describes itself as “the first AI-powered mineral exploration company.” The principal investors in KoBold are Breakthrough Energy Ventures (a climate technology fund overseen by Bill Gates and Jeff Bezos), Andreessen Horowitz (the premier Silicon Valley venture capital fund) and Equinor (the Norwegian state oil company). All rather impressive, and now the world’s biggest miner is joining forces with the three-year-old KoBold to explore for mineral deposits, starting in Western Australia. KoBold collects historic and scientific data, and uses algorithms to identify the likely location of mineral deposits. The potential areas are then surveyed, and the information fed back into computer models that are designed, the company says, “to pick up faint signals in the data pointing to hidden ore deposits.” The head of BHP Ventures, Mark Frayman, said that KoBold’s “powerful platform, combined with our in-house capabilities and data sets, could unlock an enduring competitive edge.” The chief executive of KoBold, Dr. Kurt House, noted that exploration is normally “a very manual, very human process,” and that KoBold is “augmenting the human.” This brings to mind Karel Čapek’s famous play RUR (Rossum’s Universal Robots) that was first performed in Prague 100 years ago. The term ‘robot’ is derived from the Czech for forced labour, and although the play is often credited for the now worldwide use of the name, it was actually Karel’s brother, Josef Čapek, who was the true inventor of the term. Robots have already replaced humans in performing repetitive and dangerous tasks in many industries. Although there are concerns about robots, and AI generally, causing an increase in ‘technological’ unemployment, there is clear room for growth in the use of augmented humans in exploration and mining. Dahl’s conclusion to The Minpins was the very last thing that he wrote (the book was published posthumously): “The greatest secrets are always hidden in the most unlikely places. Those who don’t believe in magic will never find it.” There is undeniable magic in robots and AI, and perhaps this year’s MINExpo will help the industry believe. 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.

COMPANY INDEX Abitibi Royalties . . . . . . . . . 5 Agnico Eagle Mines..5,15,16 Alamos Gold . . . . . . . . . . . . . 5 Anglo American . . . . . . . . 15 Appia Energy . . . . . . . . . . . . 10 Arch Resources . . . . . . . . . . 3 Artemis Gold. . . . . . . . . . . . . 8 Azimut Exploration . . 1,16 Barrick Gold. . . . . . . . 1,3,5,6 BHP. . . . . . . . . . . . . . . . . . . . . . . . 6 Bluejay Mining . . . . . . . . . . . 6 Callinex Mines . . . . . . . . . . . 9 Coeur Mining . . . . . . . . . . . . 5 Consol Energy . . . . . . . . . . . 3 Denison Mines . . . . . . 10,11 Endeavour Silver. . . . . . . . 15 Equinox Gold . . . . . . . . . . . . 6 Fiore Gold . . . . . . . . . . . . . . . . 5

First Majestic Silver. . . . . . 5 Fission Uranium . . . . 11,12 Fury Gold Mines. . . . . . . . . 1 Glencore . . . . . . . . . . . . . . . . . . 6 Gold Royalty . . . . . . . . . . . . . 5 Gold Standard Ventures.. 5 Golden Valley Mines and Royalties . . . . . . . . . . . . . . . . . . 5 GoldMining . . . . . . . . . . . . . . 5 Hecla Mining. . . . . . . . . . . . 16 Hudbay Minerals . . . . . 9,14 i-80 Gold . . . . . . . . . . . . . . . . 5,6 Iamgold . . . . . . . . . . . . . . . . 5,16 Integra Resources . . . . . . . . 5 ioneer Ltd . . . . . . . . . . . . . . . . . 5 Karnalyte Resources. . . . 12 KoBold Metals . . . . . . . . . . . 6 Monarch Mining. . . . . . . . . 5

Murchison Minerals..12,13 Nevada Gold Mines . . . . . 6 New Gold . . . . . . . . . . . . . . . . . 8 Newmont . . . . . . . . . . . . 5,6,16 NexGen Energy . . . . . . . . . 13 Radisson Mining. . . . . . . . . 5 Rio Tinto . . . . . . . . . . . . . . . . . 16 Rockcliff Metals . . . . . 13,14 Rupert Resources . . . . . . . 15 Sibanye-Stillwater. . . . . . . . 5 Sirios Resources. . . . . . . . . . 5 SSR Mining . . . . . . . . . . . . . 5,9 Taranis Resources. . . 1,2,16 Wallbridge Mining . . . . . . 5 Western Resources . . . . . 14 Yamana Gold . . . . . . . . . . . . . 5

GLOBAL MINING NEWS

THE NORTHERN MINER / SEPTEMBER 27—OCTOBER 10, 2021

Gold Royalty, Abitibi Royalties and Golden Valley to combine forces M&A

| Larger company will have 191 royalties

BY TRISH SAYWELL

old Royalty (NYSE-AM: GROY) is acquiring Abitibi Royalties (TSXV: RZZ; USOTC: ATBYF) and Golden Valley Mines and Royalties (TSXV: GZZ; US-OTC: GLVMF) in a deal that will create a larger company with 191 royalties and a balance sheet with about US$47 million in cash and on debt. The business combination will have a significant presence in two of the world’s top-tier mining jurisdictions, Nevada and Quebec, with about 150 of the 191 royalties situated in those locations, and includes four royalties on portions of the Canadian Malartic mine now owned by Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY). These include a 3% net smelter return (NSR) royalty on the producing Canadian Malartic open pit mine and a 3% NSR on the Canadian Malartic underground development asset. Other royalties in the expanded portfolio will include a 2.5%-4.0% net smelter return royalty on Sirios Resources’ (TSXV: SOI) Cheechoo project in Quebec, about 15 km from Newmont’s (TSX: NGT; NYSE: NEM) Eleonore gold mine, which went into production in 2015. If the proposed transaction is completed, Gold Royalty, Abitibi Royalties and Golden Valley shareholders will own about 54%, 23% and 23% respectively, of the new proforma Gold Royalty. On a conference call, David Garo-

Operations at the Canadian Malartic gold mine 25 km west of Val-d’Or, Quebec. ABITIBI ROYALTIES

falo, Gold Royalty’s president and CEO, said the consolidation will establish the company as the leading growth and Americas-focused precious metal royalty company. “We’re quite thrilled to announce this transaction as it continues the rapid development of Gold Royalty,” the mining executive said. “We only just IPOed in March, we just completed a merger with Ely Gold a cou-

ple of weeks ago, and we’re adding on strength upon strength with the completion of this transaction over the course of the next couple of weeks.” The combined company “will have a peer leading royalty portfolio of cash flowing, development and exploration assets, and in particular it will have a cornerstone royalty on a portion of the Canadian Malartic mine, which is Canada’s largest gold mine,” he noted.

Sibanye-Stillwater buys 50% stake in Nevada lithium project for US$490M M&A

| Deal marks company’s third battery metal investment this year

BY CECILIA JAMASMIE

outh African precious metal miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has taken a 50% stake in ioneer Ltd.’s (ASX: INR) lithium-boron project in Nevada for US$490 million. The deal is one of the largest ever in the U.S. lithium market and comes amid rising concerns that, without more investment, demand for the metal could far outstrip supply and delay efforts to combat climate change. The transaction also marks Sibanye-Stillwater’s third battery metal investment this year, following its acquisition of a 30% interest in the Keliber lithium mine in Finland and the purchase of a nickel processing plant in Normandy from France’s Eramet. The companies said they will form a joint venture to develop the Rhyolite Ridge lithium mine, roughly 355 km north of Las Vegas. Ioneer will remain the project’s operator and tap Sibanye-Stillwater’s experience as the world’s largest miner of platinum group metals (PGMs) to develop the mine, which also has a large supply of boron, used in soaps and other consumer goods. Sibanye-Stillwater has agreed to

subscribe for a strategic placement of new ordinary shares in ioneer equal to 7.1% of the Australian miner’s ordinary share capital post placement, for about US$70 million. Both miners noted that they will start working on securing debt financing to fund the remainder of the US$850 million project. Full financing and necessary permits are expected by the end of next year, the miners said, and the project is expected to open by the end of 2024. The deal includes ioneer’s right to expand operations to a nearby lithium deposit, in which case Sibanye will have the option to pay US$50 million to secure a 50% stake in that project. Rhyolite Ridge is an advanced stage, large and long-life lithium project located close to Tesla’s Gigafactory and relatively near ports in California. “Rhyolite Ridge is a world-class lithium project and we recognize its strategic value, with the potential to become the largest lithium mine in the U.S.,” Sibanye-Stillwater CEO Neal Froneman said in a statement. Once operational, the Nevada mine is set to produce 22,000 tonnes of lithium hydroxide, the type used in most Tesla batteries. “This transaction is the most significant yet for Sibanye-Stillwater in green/battery metals and in line with

the strategy of acquiring assets with proximity to end-user markets,” BMO Capital Markets analyst Raj Ray said in a note to investors. The planned mine is expected to boost local lithium supply to carmakers and battery producers in the United States. In June, ioneer signed an agreement to supply lithium carbonate to a unit of South Korean battery maker Ecopro. But the mine has faced opposition from some conservationists because of the presence of the rare Tiehm’s Buckwheat flower on its site. BMO’s Ray noted that highlights from a definitive feasibility study on Rhyolite Ridge completed in April 2020 (100% basis) included “average annual production of 22,000 tonnes of lithium hydroxide and 174,000 tonnes of boric acid (borates also used in lithium-ion batteries) over a 26-year mine life with project NPV (8%) of US$1.3 billion, making it one of the most advanced and largest lithium projects in the USA, with first production targeted for the second half of 2024.” “With close to ~95% of SibanyeStillwater’s value concentrated in the PGM business,” Ray commented in a research note, “the increasing diversification into the green energy/battery metals space provides a strategic growth area for the company.” TNM

“With our portfolio of royalties, GRC expects to have substantial cash flow growth and also expects to organically increase our number of royalties through the application of our royalty generator model. ... Not only will we have the largest number of royalties in our peer group, but we have aligned ourselves with some of the best operating partners in the sector ... [and] we think there are compelling reasons to expect the share price to re-rate.” Under the deal, shareholders of Abitibi Royalties will receive 4.6119 common shares of Gold Royalty for each common share they own of Abitibi Royalties, a premium of 22% based on the 20-day volume weighted average price of the Gold Royalty and Abitibi Royalties shares as of Sept. 3. Golden Valley shareholders will receive 2.1417 Gold Royalty common shares for each common share they own of Golden Valley, an 86% premium based on the 20-day VWAP of the two companies’ shares ended on Sept. 3. The transaction implies a consider-

ation of $11.76 per share for Golden Valley shareholders and $25.33 per share for Abitibi Royalties shareholders. The diverse portfolio of royalties is far too large to list here, but are on a mixture of producing assets (6); development assets (7); feasibility and preliminary economic stage assets (14); resource development assets (15); key exploration stage assets (12), and early stage exploration assets (137) — and features some of the biggest names in the mining industry. The assets are owned by companies including Barrick Gold (TSX: ABX; NYSE: GOLD), Newmont, Coeur Mining (NYSE: CDE), First Majestic Silver (TSX: FR; NYSE: AG), Iamgold (TSX: IMG; NYSE: IAG), and Alamos Gold (TSX: AGI; NYSE: AGI). Others include SSR Mining (TSX: SSRM; NASDAQ: SSRM; ASX: SSR); Monarch Mining (TSX: GBAR; USOTC: GBARF; Fiore Gold (TSXV:F; US-OTC: FIOGF); Gold Standard Ventures (TSX: GSV; NYSE-AM: GSV); Wallbridge Mining (TSX: WM); GoldMining (TSX: GOLD; NYSE-AM: GLDG); Radisson Mining (TSXV: RDS; US-OTC: RMRDF); i-80 Gold (TSX: IAU; US-OTC: IAUCF); and Integra Resources (TSXV: ITR; NYSE: ITRG). Glenn Mullan, president, chairman and CEO of Golden Valley, said on the conference call that he was excited that his company’s shareholders were going to be part of the combined company. “I believe GRC will be uniquely positioned among its peer group of companies,” he said. “Right deal, right company, at the right moment.” Ian Ball, president and CEO of Abitibi Royalties, said the business combination represented “a great deal” for Abitibi Royalties’ shareholders. “When we look at the combined company and the portfolio, the mix, the balance, and the team that is running Gold Royalty, we are of the belief, both Glenn and myself, that this is the right decision for Abitibi at this time. And we do think that the growth we’ve inherited in both portfolios is going to continue to reward Abitibi shareholders as we proceed with Gold Royalty.” TNM

COURT BAILIFF SALE OF MINERAL TITLES For Sale: Mineral Titles formerly held by “SIWASH MINERALS INC.” pursuant to a Supreme Court of British Columbia Writ of Seizure and Sale; filed on June 3, 2021 in B.C. Supreme Court, Action No. S1710186. The following Mineral Titles are offered for sale: “TERMS AND CONDITIONS APPLY”: 861807, 862047, 862067, 867647, 867648, 926559, 926564, 926567, 927488, 983007, 1031260, 1031275, 1031277, 1034214, 1034215, 1042611, 1042612, 1042613 Title Type: Mineral; Mining Division: New Westminster / For information on the exact placement of the Titles, please go to “BC Mineral Titles Online”. Warning – These titles are offered for mining purposes only and ownership of the titles does not include ownership of the surface rights or the right to use the surface for residential, commercial or recreational purposes. Bidding Ends: 12:00 Noon PDT on October 6, 2021 To obtain a bid form with Terms and Conditions, please contact Accurate Court Bailiff Services Ltd.: Phone: 604-526-2253 Email: Court@aebailiffs.com

WWW.NORTHERNMINER.COM

SEPTEMBER 27—OCTOBER 10, 2021 / THE NORTHERN MINER

The South Arturo gold mine in Nevada. PREMIER GOLD MINES

i-80 Gold to create Nevada complex through asset exchange with Nevada Gold Mines M&A

BY CECILIA JAMASMIE

.S.-focused i-80 Gold (TSX: IAU; US-OTC: IAUCF) has inked a deal with Nevada Gold Mines that will help it create a major mining complex in the precious metals-rich state of Nevada. Nevada Gold Mines (NGM), a partnership between Newmont (TSX: NGT; NYSE: NEM) and Barrick Gold (TSX: ABX; NYSE: GOLD), is buying from i-80 Gold the remaining 40% interest in the South Arturo joint-venture and a low-cost option

| Junior also to acquire Waterton’s Ruby Hill mine

to acquire the adjacent Rodeo Creek exploration property. i-80 Gold, a relatively new company born from Equinox Gold’s (TSX: EQX; NYSE: EQX) acquisition of Premier Gold Mines, gets in exchange the Lone Tree and Buffalo Mountain properties, as well as related infrastructure which is currently in care and maintenance. The company also has signed a definitive membership interest purchase to acquire the Ruby Hill mine from affiliates of Waterton Global Resource Management for US$150

million in cash and shares. Ruby Hill hosts multiple deposits that collectively have the potential to be one of the biggest gold and silver endowments in Nevada. The deal, i-80 Gold’s CEO Ewan Downie said, would position the company as one of the biggest gold producers in the state of Nevada with the capacity to process refractory and oxide mineralization. For Nevada Gold Mines, it is an opportunity to consolidate production from its South Arturo open pit and the El Niño underground, captur-

ing 100% of the longer-term upside on both orebodies. The agreement also provides Nevada Gold Mines with a low-cost option to acquire 100% of the Rodeo Creek property comprised of exploration ground adjacent to South Arturo “This is a win-win transaction for both Nevada Gold Mines and i-80,” Greg Walker, Nevada Gold Mines’ executive managing director, said in a separate statement. “Through the acquisition of Lone Tree, an asset not being utilized by NGM has become a transformational asset for i-80. In

return, NGM’s acquisition of i-80’s 40% of the South Arturo joint venture secures additional ounces with both open-pit and underground optionality for our Carlin operation.” i-80 Gold is also advancing an underground development program for the 100%-owned McCoy-Cove property, south of Battle Mountain, and completing the acquisition of the Getchell project. The miner has said it would “aggressively pursue” the development of the Pinson underground and open pit opportunities. TNM

BHP inks exploration deal with Gates and Bezos-backed KoBold Metals | New tool kit to explore for ‘future facing’ commodities

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HP (NYSE: BHP; LSE: BHP; ASX: BHP) has struck a deal to use artificial intelligence tools developed by KoBold Metals, a start-up backed by a coalition of billionaires including Bill Gates and Jeff Bezos, to look for critical materials used in electric vehicles (EVs) and clean energy. The world’s largest miner and the Silicon Valley-based tech firm will jointly fund and operate exploration using data processing technology to help predict the location of metals such as cobalt, nickel and copper, starting in Western Australia. The partnership will help BHP find more of the “future-facing” commodities it has vowed to focus on, while offering KoBold an opportunity to access exploration databases built up by the mining giant over decades. “Globally, shallow ore deposits have largely been discovered, and remaining resources are likely deeper underground and harder to see from the surface,” Keenan Jennings, vice president at BHP Metals Exploration, said in a statement. “This alliance will combine historical data, artificial intelligence, and geoscience expertise to uncover what has previously been hidden.” KoBold, founded in 2018, counts among its backers big names such as Venture capital firm Andreessen Horowitz and Breakthrough Energy Ventures. The latter is financed by well-known billionaires including

An employee uses VR simulator glasses on a rooftop. STURTI/ISTOCK

Microsoft’s Gates, Amazon’s Bezos, Bloomberg founder Michael Bloomberg, American billionaire investor and hedge fund manager Ray Dalio, and Virgin Group’s founder Richard Branson. KoBold, as its chief executive officer Kurt House has stated many times, does not intend to be a mine operator “ever.” The company’s quest for battery metals began last year in Canada, after it acquired rights to an area of about 1,000 sq. km (386 sq. miles) in northern Quebec, just south of Glencore’s (LSE: GLEN) Raglan nickel mine. It now has about a dozen exploration properties in places such as Zambia, Quebec, Saskatchewan, Ontario, and Western Australia, which have resulted from joint ventures and tieups like the one with BHP. The common denominator of those assets is

that they contain or are expected to be sources of battery metals. Last month KoBold Metals signed a joint-venture agreement with Bluejay Mining (LSE: JAY) to explore for minerals in Greenland. The company aims to create a “Google Maps” of the Earth’s crust, with a special focus on finding cobalt deposits. It collects and analyzes multiple streams of data — from old drill results to satellite imagery — to better understand where new deposits might be found. Algorithms applied to the data collected determine the geological patterns that indicate a potential deposit of cobalt, which occurs naturally alongside nickel and copper. The technology can locate resources that may have eluded more traditionally minded geologists and helps miners to decide where to acquire land and drill, the company said. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / SEPTEMBER 27—OCTOBER 10, 2021

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SEPTEMBER 27—OCTOBER 10, 2021 / THE NORTHERN MINER

Artemis Gold completes feasibility study on Blackwater BRITISH COLUMBIA

| Study outlines capex of $645 million

BY MARILYN SCALES

rtemis Gold (TSXV: ARTG; US-OTC: ARGTF) has released a feasibility study for its Blackwater gold project, 150 km southwest of Prince George, B.C. The numbers give it a net present value at a 5% discount rate of $2.15 billion after taxes, and a post-tax internal rate of return of 32%. In the first five years of operation, Blackwater will produce 321,000 oz. of gold annually at an all-in sustaining cost of US$576 per ounce. Over the 22-year life of the mine, production will average 351,000 oz. of gold at an AISC of US$672 per ounce. The project has an initial capital estimate of $645 million, but it will pay for itself in the first 2.3 years of production. Artemis produced a prefeasibility study last year based on a staged approach that reduced the initial cost and improved the economics compared with a previous feasibility by New Gold (TSX: NGD; NYSEAM: NGD). The new study improves upon the earlier assumptions in several key ways. Blackwater will be developed in three phases. The first phase throughput has been increased 9% to 6 million tonnes per year. A commitment has also been made to replace diesel and

The mining camp at Artemis Gold’s Blackwater project in central British Columbia. ARTEMIS GOLD.

propane-powered equipment during the first phase of development and reduce the project’s carbon footprint. The second and third phases of expansion will be streamlined and accelerated. Mineral processing plant capacity will be upped to 9 million tonnes per year in year five (phase 2) and 15 million tonnes per year in year ten (phase 3). The ultimate

throughput for the mill will be 20 million tonnes per year with two processing trains, rather than three as suggested in the prefeasibility study. The open pit plan has been optimized in the feasibility study and the average grade increased to 1.63 grams gold per tonne over the first five years of mining. The feasibility resource estimate

is virtually unchanged from the earlier study. Using a cut-off grade of 0.2 gram gold-equivalent per tonne, measured and indicated resources stand at 596.8 million tonnes grading 0.61 gram gold per tonne and 6.4 grams silver per tonne for 11.7 million oz. of contained gold and 122.4 million oz. of silver. Inferred resources total

16.9 million tonnes grading 0.45 gram gold per tonne and 12.8 grams silver per tonne for 246,000 oz. of gold and 6.9 million oz. of silver. “Artemis continued its track record of delivering project milestones as guided with the release of the Blackwater feasibility study that advances engineering of the project and continues to remove risk associated with the build,” Andrew Mikitchook, a mining analyst at BMO Capital Markets, commented in a research note. “The study largely mirrored the 2020 prefeasibility study, with some adjustments to the production profile adding ounces earlier in the mine life.” Pierre Vaillancourt of Haywood Securities said the study delivered “solid economics” and puts the company “on track to have the project fully permitted and financed to start construction in 2Q22.” “Economics remain compelling, even after incorporating higher initial development capital and ESG requirements,” he commented in a research note to clients. “Although the stock has declined 21% since July as a result of the weaker gold price environment, the company has executed well, and we believe the achievement of permitting, financing and construction milestones should help to re-rate the stock.” TNM

New Gold’s Rainy River mine in northwestern Ontario. NEW GOLD

Lower than expected grades bite into New Gold’s Rainy River guidance ONTARIO

BY ALISHA HIYATE

ew Gold (TSX: NGD; NYSEAM: NGD) has cut production guidance at its Rainy River gold mine in Ontario by about 10% because of lower than expected grades. The gold miner now expects Rainy River to produce 240,000255,000 gold-equivalent ounces this year, down from 275,000 to 295,000 ounces. The company signaled last month that its guidance might be affected when it released second-quarter results. The grade shortfall came from mining at the East Lobe deposit, which delivered 20,000 fewer ounces than expected in July and August. The zone will contribute about half of production from Rainy River in the second half of the year, and about 35% in the final quarter. The average grade to the mill in

| Grade shortfall from the East Lobe deposit

the second quarter was 0.82 gram gold per tonne. In order to improve its understanding of the mineralization and reconcile the modelled and mined grades, New Gold is conducting reversecirculation within and outside of the East Lobe. The grade issues have also affected all-in sustaining costs (AISCs), which are now projected at US$1,365US$1,440 per gold-equivalent oz., up about 14% from previous guidance of US$1,125-US$1,225 per ounce. New Gold’s guidance for its other producing mine, the New Afton operation in B.C., remains unchanged at 165,000-195,000 gold-equivalent ounces. “While the reduction in our nearterm guidance at Rainy River is unfortunate, I remain confident the mine has reached an inflection point, as evidenced by the free cash flow gen-

erated in the second quarter and the mine is on track to deliver an improved second half of the year,” said Renaud Adams, president and CEO. “We continue to seek ways to further optimize our costs and capital profiles, and with the underground growth potential currently being evaluated, Rainy River is expected to be a meaningful contributor of free cash flow in our portfolio going forward.” Development of a decline to reach the underground Intrepid zone at Rainy River is ongoing, with first production expected in late 2022. The company is also working on an underground optimization study, to be released before the end of the year along with an update of reserves and resources. Commercial production began in late 2017 at Rainy River, 65 km northwest of Fort Frances, Ontario.

At the end of 2020, proven and probable reserves were 73.9 million tonnes grading 1.09 grams gold per tonne and 3 grams silver per tonne for 2.6 million oz. of gold and 7.2 million oz. of silver. Between Rainy River and New Afton, the company now expects gold-equivalent production of 405,000-450,000 oz. at AISCs of US$1,365-US$1440 per ounce. That compares with previous guidance of 440,000–490,000 gold-equivalent oz. at an AISC of US$1,230-US1,330 per ounce. New Gold also holds a gold stream on the Blackwater gold project in B.C., which it sold to Artemis Gold (TSXV: ARTG) last year. Brian Quast of BMO Capital Markets lowered his target price from $3.50 per share to $3.25 following news of the company’s negative grade reconciliation and revised guidance.

Dalton Baretto of Canaccord Genuity lowered his price target on the company to $2.00 per share from $2.75 per share but retained his buy rating on the stock. “These grade reconciliation issues are unlikely to persist past this year — the East Lobe represents <15% of mill feed from 2022 onward and other areas of the pit appear to be reconciling well with the block model,” he commented in a Sept. 13 research note. “We believe the longer term impact is likely to be on New Gold’s multiples; recall that New Gold has struggled with its operational credibility in the past, and while this perception has dramatically improved under current CEO Renaud Adams, we believe the operational issues at both Rainy River and New Afton could overhang the shares going forward.” TNM

SPECIAL FOCUS

CANADA’S PRAIRIE PROVINCES OSARIEME EWEKA /ISTOCK

Callinex drills high-grade copper intercepts at Rainbow MANITOBA

| Junior says horizon is ‘really wide open’

SSR Mining drills high grade gold at Seabee | Exploration offers potential for mine life extension

SASKATCHEWAN

Headframe at Callinex Mines’ Pine Bay project in northern Manitoba. CALLINEX MINES

BY DANIEL SEKULICH

allinex Mines (TSXV: CNX; US-OTC: CCLXF) has reported new results from its drill campaign at the Rainbow deposit in northern Manitoba, including wide intersections of high-grade copper. Drill hole PBM-138 intersected an interval of 37 metres grading 6% copper, 0.35 gram gold per tonne and 6.13 grams silver per tonne, starting from 660 metres downhole. It also included two high-grade onemetre intervals, the first that returned 18.81% copper, 1.11 grams gold per tonne, 19.43 grams silver per tonne and 0.58% zinc from 671 metres downhole. The second one-metre interval, from 684 metres down, returned 18.3% copper, 0.35 gram gold per tonne, 16.24 grams silver per tonne and 0.18% zinc. “There hasn’t been a discovery like this in the immediate area in a long time,” Max Porterfield, the company’s president and CEO, told The Northern Miner. “So that’s very exciting. Because from an exploration perspective, the horizon is really wide open.” Drill hole PBM-133 intersected 7.71 metres grading 1.7% copper, 0.52 gram gold per tonne, 8.25 grams silver per tonne and 1.29% zinc from 506 metres downhole. The drillhole also intersected 3.21 metres grading 3.48% copper, 0.70 gram gold per tonne, 12.18 grams silver per tonne and 0.98% zinc from a depth of 510.5 metres. The Rainbow copper, gold, silver

and zinc deposit is part of the company’s Pine Bay project, a district scale land package wholly-owned by Callinex. Covering more than 6,000 hectares, Pine Bay is located in westcentral Manitoba near the provincial border with Saskatchewan, 16 km east of the city of Flin Flon. The property is close to the hydroelectric power grid and has road access to Flin Flon, where Hudbay Minerals (TSX: HBM; NYSE: HBM) has processing facilities. Since Callinex began its 2021 exploration program, 27 holes (including five wedges) have been drilled, and Porterfield says that the company has now completed almost 19,000 metres of a fully funded, 30,000-metre drill program. One rig is drilling at Rainbow to test the up-plunge extent of the deposit above 300 metres vertical depth, while a second rig is testing regional exploration targets to the north and along strike of the Rainbow deposit. Porterfield believes recent results continue to prove that the Rainbow deposit is growing in size and that Pine Bay has the potential to become a major producer in a safe jurisdiction, and at a time when the importance of copper continues to increase across the globe. “We’ve always had a focus on finding a large, standalone [deposit],” he says. “But these discoveries, in general, they start small and grow. I mean, you don’t instantly build a mine off of one discovery hole. It takes many holes, and that’s what we’re in the

process of doing. But we’ve worked very hard to get to this point, working our way into the right place at the right time.” At presstime, Callinex was trading at $3.45 within a 52-week range of $2.09 and $6.50 per share. The company has about 13.1 million shares outstanding and a market capitalization of $45.3 million. TNM

BY MARILYN SCALES

SR Mining (TSX: SSRM; NASDAQ: SSR; ASX: SSR) says it is drilling excellent grades and long intercepts at its Seabee gold operation, 125 km northeast of La Ronge, Saskatchewan. The project consists of the Santoy gold mine and Seabee processing plant 15 km away by road. The Gap hanging wall (GHW) is being drilled from underground drives at the Santoy mine. Hole SUG20-920 returned 6.9 metres grading 19.16 grams gold per tonne, and hole SUG-20-017 returned 9.5 metres averaging 12.14 grams gold per tonne. The drill program is aimed at upgrading existing resources to reserves in 2022. The Santoy hanging wall (SHG) is the most recent discovery, and is being drilled both from underground and surface. Hole JOY-20918 intersected 2.8 metres grading 12.75 grams gold per tonne; hole SUG-21-011 cut 2.2 metres of 11.31 grams gold per tonne; and hole SUG-21-018 intersected 3.6 metres of 16.31 grams gold per tonne. The SHG is viewed as a potential future development within the Santoy mine. If drilling is successful, a resource estimate will be released next year. The Joker target located 1 km south of the Santoy mine has the potential to provide a substantial extension to that mine beyond the GHW and SHW, says SSR. Hole BAT-20-017 intersected 1.5 metres grading 25.97 grams gold per tonne and 0.75 metre grading 21.48 grams gold per tonne. Both these assays came from less than 15 metres below surface. The mineralization at the Joker target shares similarities to the

“OVERALL, RESULTS CONTINUE TO SUPPORT POTENTIAL FOR A MINE-LIFE EXTENSION AT SEABEE.” COSMOS CHIU MINING ANALYST, CIBC

GHW, which is characterized by quartz veins hosting visible gold with up to 10% sulphides. SSR would welcome a significant mine life extension at Seabee because there is excess capacity at the mill and the tailings dam was recently expanded to provide management through 2031 at current production levels. “Near-mine exploration from May 14, 2020 over June 30, 2021 focused on mineral resource conversion at the GHW and exploration drilling along strike of the GHW resource,” Cosmos Chiu, a mining analyst who covers the company for CIBC, commented in a research note to clients. “Overall, results continue to support potential for a mine-life extension at Seabee.” At year-end 2020, the Seabee gold operation had proven and probable reserves of 1.6 million tonnes averaging 9.83 grams gold per tonne for 493,000 oz. of contained gold. In the first half of 2021, the operation produced 61,000 oz. of gold, well on its way to full-year guidance of between 95,000 and 105,000 ounces. All-in sustaining costs came in at US$795 per oz., well below its guidance of US$860 and US$910 per ounce. TNM

FIT-FOR-PURPOSE SOLUTIONS Our fit-for-purpose solutions encompass the skills of qualified geologists, geostaticians, analytical chemists, mineralogists, metallurgists, process engineers and mining engineers brought together to provide accurate and timely mineral and process evaluation services across the entire mining life cycle. SGS IS THE WORLD’S LEADING INSPECTION, VERIFICATION, TESTING AND CERTIFICATION COMPANY

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SEPTEMBER 27—OCTOBER 10, 2021 / THE NORTHERN MINER

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PRAIRIE SNAPSHOT EIGHT COMPANIES WITH POTENTIAL IN THE HEART OF CANADA

Phase 1 construction at Western Potash’s Milestone project in southeastern Saskatchewan. WESTERN POTASH

BY MARILYN SCALES

The Canadian Prairies may soon be known as much for their diverse mineral wealth including uranium, nickel, copper and zinc, as for their rolling hectares of grain and significant potash endowment. n APPIA ENERGY With the market for rare earth oxides used in magnets expected to increase five-fold by 2030, Appia Energy (CSE: API; US-OTC: APAAF) is focused on the Athabasca Basin properties it owns in northern Saskatchewan, the most advanced

of which is the 100%-owned Alces Lake rare earth elements (REE) project. Alces Lake has some of the highest REE grades in the world. The company says grab samples from the Olden River target confirm REE mineralization over a 175metre strike length, with assays up to 3.94% total rare earth oxides (TREO). Channel sampling results have included 6.23% TREO over 1.7 metres at the Danny target; 2.84% TREO over 3.1 metres at Ermacre; 1.01% TREO over 7.7 metres at Biotite Lake; and 2.36% TREO over 1.7 metres at the newly discovered Strocen zone. Sampling has also revealed the presence of gallium. Grab and channel samples also indicate a new discovery at Diablo in the Western anomaly area, according to Appia Energy. Two diamond drills are on site as part of a program that may even-

tually reach 10,000 metres. Drilling is complete at the Biotite Lake target and is ongoing at the WilsonRichard-Charles-Bell and IvanDylan-Dante targets. With plenty of near-surface targets to explore, Appia Energy recently acquired a further 11,055 hectares of land contiguous to the Alces Lake claim block, bringing its total holdings to 35,682 hectares. All the critical REE minerals (neodymium, praseodymium, europium, terbium, dysprosium, and yttrium) are contained exclusively in monazite, which occurs at Alces Lake as isolated grains, in 1-3-cm thick lenses and isolated clusters, and up to meters-thick massive mineralization. The Saskatchewan Research Council and the provincial government have plans to build a REE processing facility in Saskatoon, a move that will benefit Appia

TSX-V: CNX

Energy going forward. Tests at current pilot facilities have already led to an optimized flowsheet. Appia Energy is also exploring three wholly owned uranium properties — Loranger, North Wollaston and Eastside — in the Athabasca Basin. All three are nearsurface with no sandstone cover and negligible overburden. They were last explored a year ago with airborne surveying and ground prospecting. The company’s property in Elliot Lake, Ontario, has resources of both uranium and REEs, but it has seen little work since 2014. Appia Energy has a market capitalization of $94.9 million. n DENISON MINES Denison Mines (TSX: DML; NYSE: DNN) was the big name in uranium mining in Elliot Lake, Ontario, during the heyday of production in the

OTC: CLLXF

Callinex is expanding the high-grade copper and gold Rainbow discovery The Rainbow deposit is located within a mineral lease within 550m of hydro-electric power and historic shaft.

Rainbow is located 20 minutes by existing road access to processing facilities in Flin Flon, MB.

The 777 mine that feeds processing facilities is closing May 2022.

callinex.ca

mid-20th century. Now the company has turned its attention to the Athabasca Basin in Saskatchewan where it has three advanced uranium exploration projects, many less advanced properties, and an interest in a producing mine. The company’s flagship property is Wheeler River on the southeast rim of the basin, 35 km northeast of the Key Lake uranium mill. The property, 95% owned by Denison, hosts two deposits. First is Phoenix, the highest grade undeveloped uranium deposit in the world. The indicated resource is 166,000 tonnes at 19.1% uranium oxide for 70.2 million lb. contained uranium oxide. The high-grade core within the resource totals 63,900 tonnes grading 43.2% uranium oxide for 59.9 million lb. contained uranium oxide. There is also an inferred resource of 9,000 tonnes grading 5.8% uranium oxide for 1.1 million lb. contained uranium oxide. Denison is testing in-situ recovery (ISR) for the Phoenix deposit in four separate areas covering about 65% of the deposit. So far, uranium recovery using ISR has been better than 90% and 98.5% of that uranium is recovered during further processing. Annual production from the Phoenix deposit would be between 6 million and 12 million lb. uranium oxide depending on the uranium concentrations from the wellfield. There is potential for creating a closed-loop system that would recycle mining solution back to the IRS wells with little or no discharge of effluents. The Phoenix feasibility study is due later this year and the draft environmental impact assessment (EIS) early next year. Construction could begin in 2023 on an ISR mine with a 10-year life, the company says. The second deposit at Wheeler River is Gryphon, which contains basement hosted, high-grade mineralization suitable for conventional underground mining methods. The indicated resource is 1.6 million tonnes grading 1.7% uranium oxide for 61.9 million lb. contained uranium oxide, and the inferred See PRAIRIE SNAPSHOT / 11

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THE NORTHERN MINER / SEPTEMBER 27—OCTOBER 10, 2021

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

PRAIRIE SNAPSHOT From 10

resource is 73,000 tonnes grading 1.2% uranium oxide for 1.9 million lb. uranium oxide. The deposit remains open down plunge and within certain areas along strike. Cash from the Phoenix ISR mine could fund the development of the Gryphon mine, which would ramp up in 2030 and produce for seven years. Total life of the project for both deposits would be 14 years. Denison is also the 66.9% owner and operator of the Waterbury Lake advanced exploration uranium project with Korea Waterbury Uranium LP (33.1%). It is found in the northern part of the eastern Athabasca Basin. Again, there are two deposits — Tthe Heldeth Tué (THT, formerly J zone) and Huskie — located near the McClean Lake mill. This project, too, is a potential ISR producer. The preliminary economic assessment completed in 2020 projected that mining Waterbury Lake could produce a total of 9.7 million lb. uranium oxide over six years. The project is given a base case after-tax net present value at an 8% discount rate of $72 million with an after-tax internal rate of return of 30.4%. Initial capex is estimated at $111.6 million and the payback period 23 months. Indicated resources for the THT deposit are 291,000 tonnes grading 2% uranium oxide for 12.8 million lb. contained uranium oxide. The Huskie deposit contains inferred resources of 268,000 tonnes grading 0.96% uranium oxide for 5.7 million lb. contained uranium oxide. The third advanced exploration project is Midwest Lake, where Denison holds a 25.17% stake. Jointventure partner Orano Canada holds the balance and is the operator. The 2017 resource estimate for the Midwest Lake project includes

453,000 indicated tonnes grading 4% uranium oxide for 39.9 million lb. contained uranium oxide and 793,000 inferred tonnes grading 0.66% uranium oxide for 11.5 million contained lb. uranium oxide in the Main deposit. The A deposit has indicated resources of 566,000 tonnes grading 0.87% uranium oxide for 10.8 million contained lb. uranium oxide and inferred resources of 53,000 tonnes grading 5.8% uranium oxide for 6.7 million contained lb. uranium oxide. The Midwest Lake project received EIS approval in 2007, but production is not planned at this time. Denison’s fourth core project is the Hook-Carter property that spans 15 km of relatively untested ground on the Patterson Lake corridor (more on the potential there with the item about Fission Uranium). Denison completed the initial Hook-Carter drill program in 2018. Denison also owns 22.5% of the producing McClean Lake uranium mine and mill. The operator is Orano Canada (77.5%), and the other partner is OURD Canada. The mill tolls uranium ore from the Cigar Lake mine and was shut down for four months earlier this year to correspond with production stoppage at the mine. The mill has the capacity to produce up to 24 million lb. uranium oxide annually. Denison’s other exploration projects are, with one exception, all uranium and in Saskatchewan. The exception is the 100%-owned Torwalt Lake property in Alberta. The company has various interests (optioned, joint ventured or owned) in at least a dozen other properties in Saskatchewan, making it potentially the busiest uranium explorer in the country. Denison Mining has a market capitalization of $1.6 billion.

n FISSION URANIUM Fission Uranium (TSX: FCU; US-OTC: FCUUF) is the most active player in the Patterson Lake corridor on the southern edge of the Athabasca Basin. The near-surface, high-grade Triple R deposit

is under development at its wholly owned, 1,039-hectare Patterson Lake South (PLS) project. The Triple R deposit has indicated resources of 2.2 million tonnes at an average grade of 2.1% uranium oxide for 102.3 million

contained lb. uranium oxide and inferred resources of 1.2 million tonnes grading 1.22% uranium oxide for 32.8 million lb. contained uranium oxide. The deposit is open See PRAIRIE SNAPSHOT / 12

OBITUARY T

he family of Ernie Bazinet are saddened to announce his passing on August 23, 2021, in his 91st year, at the Georgian Bay General Hospital in Midland, Ontario. Ernie is predeceased by his wife Jean, his parents Ernest and Mae Bazinet and his great grandson Brian Ernest Dietrich. He is survived by daughters Deborah Bazinet, Jane (Ray) Millar and Brenda Bazinet (Richard Schloendorf), all of Tiny Township. Loving and proud grandfather of Sarah Bazinet (Tyler Brooks), Brian Millar, Laura (Chris) Gauer, Steven (Madeleine) Millar, Andrew Millar, Ian Millar, Ryan (Annabelle) Bazinet and Kerstin Bazinet (Cody Dietrich). Also, the proud and loving great grandfather of River, Rowynoak, Vivienne, Eloise, Audrey, Lillianna, Dahlia, Azalea and Viola. He is also survived by his sisters Joyce (Mark “Mick”) Hamelin and Anne (John) Maslen, as well as his many nieces and nephews. Ernie graduated from the University of Toronto, Geophysical Engineering (Class of 1955). Besides working throughout Canada and the United States, his employment took him all over the world to such places as Ireland, Honduras, Argentina, Australia, Thailand, Sierra Leone, Democratic Republic of Congo, Saudi Arabia and Egypt. He spent almost 19 years working

Ernest (Ernie) Walter Bazinet (1931-2021) in the Sierra Madres Mountains of Mexico, before retiring in 2015 at the age of 84. Ernie was an avid outdoorsman, who loved to hunt and fish. He was a humble and quiet man who loved spending time outdoors with his family and friends. He was legendary in his ability to spin an entertaining story about the dangers and adventures of the many places he worked. In our hearts he will live on as “Indiana Ernie”. The family would like to thank the nurses and doctors at Georgian Bay General Hospital for the compassionate care they gave Ernie while he was in the hospital. The family would also like to thank the wonderful PSWs Laura, Maryam, Tyra, Ross, Shayna, Tiffany and Hillie, who cared for Ernie at his home during his last year. Memorial donations to the Georgian Bay General Hospital Foundation, the Alzheimer Society, or your charity of choice, would be appreciated.

Messages of condolence will be received at leclaircremationcentre.ca

SEPTEMBER 27—OCTOBER 10, 2021 / THE NORTHERN MINER

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A drill rig at Karnalyte Resources’ potash project near Wynyard, Saskatchewan. KARNALYTE RESOURCES

PRAIRIE SNAPSHOT From 11

in all directions and at depth. Fission discovered the Triple R deposit in November 2012. It consists of five separate mineralized zones over an east-west strike length of 3.2 kilometres. The prefeasibility study prepared in 2019 examined underground mining of two of the five zones that make up the Triple R deposit. It suggested that the project has an after-tax net present value at an 8% discount rate of $702 million at a long-term price of US$50 per lb. uranium oxide. The internal rate of return would be 25%. These numbers were for a 1,000-tonne-perday mining rate and processing with acid leaching, solvent extraction and precipitation. The project has the potential to produce up to 15 million lb. uranium oxide per year in the form of yellowcake. The PLS project would have operating costs of US$7.18 per lb. uranium oxide, in the bottom quartile of the sector. In June, Fission began the feasibility study for PLS. In preparation for the advanced look at mining the Triple R deposit, a 45-hole drill program focusing on resource expansion and project de-risking was initiated in February. The first 20 holes drilled hit wide mineralization in multiple stacked intervals, as did the next 25 holes. The feasibility study is to be completed next year, followed by the environmental impact statement (EIS) in 2023. Assuming approvals are forthcoming, three years of construction would be followed by first production in 2026. Fission Uranium has a market capitalization of $647 million. n KARNALYTE RESOURCES Karnalyte Resources (TSX: KRN) is the sole owner of the Wynyard potash project near the town of Wynyard, Saskatchewan. This is a greenfield project suitable for solution mining, and it is awaiting financing. The output would be a premium granular potassium chloride (KCl) product with a low sodium content. The Wynyard feasibility study was completed in 2016, and it

The Waterbury Lake advanced exploration uranium project in Saskatchewan’s Athabasca Basin. DENISON MINES

examines a phased output beginning with 625,000 tonnes per year KCl, eventually growing to 2.1 million tonnes per year with two additional phases. The mine life would be 70 years. The project has an after-tax net present value (NPV) at an 8% discount of $3.4 billion and an internal rate of return (IRR) of 19.1% for all three phases. The capital expenditure for the first phase would be $789 million and total $2.4 billion for all three phases. Karnalyte has outlined mineralization in the Patience Lake, Belle Plaine and Esterhazy members. The proven and probable reserves for Patience Lake and Belle Plaine are 711.7 million tonnes with an average grade of about 18.6% potassium chloride. The Esterhazy proven and probable reserves are 114.4 million tonnes averaging 26.2% potassium chloride in the proven portion and 26.5% potassium chloride in the probable portion. The Patience Lake and Belle Plaine members also have a probable reserve of 694.6 million tonnes grading 22.1% magnesium chloride. The recovery of this mineral

is at the prefeasibility stage. The magnesium project has a NPV of $512 million with a 10% discount rate and an IRR of 26.1%, both after taxes. It carries a capex of $171 million in addition to the first phase of the potash project. Two products would be produced — a 99% hydromagnesite and a 32% magnesium chloride brine. Karnalyte Resources has a market capitalization of $8 million. n MURCHISON MINERALS Murchison Minerals (TSXV: MUR; US-OTC: MURMF) has three base metal properties. Two are in Quebec and the flagship BrabantMcKenzie zinc-copper-silver-lead project is in Saskatchewan, about 175 km northeast of La Ronge. This is a volcanogenic massive sulphide (VMS) deposit — the only significant one known in the area — and is open in all directions. The Brabant-McKenzie deposit saw 48,000 metres of drilling since its discovery in the 1950s. Work concentrated on the deposit and little historic drilling was done outside its footprint. Murchison has flown 1,950 line km of geophysical surveys

since January 2019 and discovered more than 100 discreet electromagnetic anomalies, leading the company to believe there are other mineralized occurrences to discover. The project area covers 627 sq. km, and the company drilled extensively in 2017 and 2018, completing a 43-101 compliant resource estimate at the time. The deposit contains 2.1 million indicated tonnes averaging 7.1% zinc, 0.7% copper, 0.5% lead plus gold and silver (9.98% zinc-equivalent). There is also an inferred resource of 7.6 million tonnes grading 4.5% zinc, 0.6% copper, and 0.2% lead plus gold and silver (6.29% zinc-equivalent). A 3.5% zinc-equivalent cut-off was used for these calculations. The deposit outcrops and can be divided into two zones, Upper and Lower. The Upper zone has been defined over a 1 km strike length to a depth of 50 metres with an average thickness of 5.3 metres. The lower zone lies 25 or 30 metres below and has been defined to 800 metres from surface with an average width of 6.7 metres. The deposit is open at depth and laterally. The Brabant-McKenzie project

lies in the same geological environment as the Flin Flon, Lalor Lake, Lynn Lake and Snow Lake deposits, notes Murchison. Mineralization occurs as disseminated to massive, semi-massive and breccia vein sulphides. Murchison conducted ground prospecting in 2019 and 2020 and exploration drilling last year and this year. Winter drilling in 2021 drew attention to the Betty zone about 1 km northeast and on strike with Brabant-McKenzie. Two holes cut narrow VMS-type mineralization grading up to 9.22% zinc-equivalent. Downhole geophysics identified a 700 x 200 metre conductor that was drilled this summer. While the company awaits results from this summer’s drilling, it has been conducting metallurgical tests on samples from BrabantMcKenzie. The preliminary coarse grind-flotation-rougher-scavenger work upgraded the zinc grade to 27% from 9.1% with a 98% recovery. Work with a four-stage cleaner circuit resulted in a concentrate grading 50.2% zinc with a 95.1% See PRAIRIE SNAPSHOT / 13

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Above: Fission Uranium’s exploration camp at the Patterson Lake South uranium project in northern Saskatchewan. THE NORTHERN MINER Left: Exploration team at Murchison Minerals’ Brabant-McKenzie project in central Saskatchewan. MURCHISON MINERALS

A prospecting crew on the MacBride zinc-copper property in central Manitoba. ROCKCLIFF METALS

PRAIRIE SNAPSHOT From 12

recovery. Copper recovery to concentrate was also excellent: up to 2.2% copper with 92.9% recoveries with flotation-rougher-scavenger and up to 4.12% with a 74.7% recovery after four stages of cleaning. The company plans to continue resource definition and expansion at Brabant-McKenzie. Murchison is also active at its HPM property, a high-grade nickel sulphide occurrence where drilling has returned up to 2.4% nickel. The company claims the drill core is visually identical to Sudbury and Voisey’s Bay drill core. The property is located between BaieComeau and Fermont, Quebec. Murchison is also testing the Barraute-Landrienne property about 60 km north of Val d’Or, Quebec, for its base metal potential. Murchison Minerals has a market capitalization of $8.2 million. n NEXGEN ENERGY NexGen Energy (TSX: NXE; NYSE: NXE) has also chosen to hunt for uranium in the southwest part of Saskatchewan’s Athabasca Basin.

It holds 199,576 hectares, including the Rook I project, which hosts the Arrow deposit, in the Patterson Lake corridor. The project is immediately north of Fission Uranium’s PLS holdings. In February, NexGen completed a feasibility study for development of the Arrow deposit. It has measured resources of 209.6 million lb. of uranium oxide contained in 1.57 million tonnes grading 4.35% uranium oxide. There are 47.1 million lb. contained in the indicated resource of 1.57 million tonnes grading 1.35% uranium oxide. Finally, there are 80.7 million lb. of uranium oxide contained in 4.4 million inferred tonnes grading 0.83% uranium oxide. The probable reserve is estimated to be 239.6 million lb. of uranium oxide in 4.6 million tonnes grading 2.37% uranium oxide. The feasibility study puts the Arrow mine’s after-tax net present value (NPV) at an 8% discount rate at $3.5 billion and after-tax internal rate of return (IRR) of 52.4% with a long-term uranium oxide price of US$50 per pound. The mine life would be 10.7 years, although Rook I is permitted for 24 years.

Creating a mine and mill capable of producing 28.8 million lb. of uranium oxide annually in the first five years carries a pre-production capital requirement of $1 billion. The average after-tax net cash flow during that time would be $763 million annually. The project would pay for itself in less than a year. The mine would be developed for long-hole stoping with a shaft and internal ramps. It would produce about 1,200 tonnes per day for the mill. Processing would include ore sorting and storage, grinding, acid leaching, counter-current decantation, and solvent extraction expected to achieve 97.6% overall recovery. All tailings will be stored in an underground management facility to reduce the surface footprint. NexGen expects to produce its first sustainability report, community agreements, environmental impact statement, and licensing submission by the end of this year for the Arrow mine. Arrow is not the only target on the Rook I project. There are also South Arrow (discovered in 2017), Bow (2015), Cannon (2016) and

Harpoon (2016). South Arrow has a 290-metre strike length and has been traced to 185 metres vertically. The highest grades drilled come from semimassive to massive pitchblende similar to that seen in the highgrade domains of the Arrow deposit 400 metres to the north. The discovery hole cut 20.5 metres grading 1.19% uranium oxide, including 3.5 metres at 6.21% uranium oxide, and another 24.5 metres at 1.46% uranium oxide, including 5 metres at 4.21% uranium oxide and 4 metres at 3.33% uranium oxide. The Harpoon discovery is 4.7 km northeast of the Arrow deposit. The mineralization has visible uranium and dense accumulations of massive to semi-massive pitchblende identified over a strike length of 6 kilometres. The discovery hole intersected 17.5 metres grading 3.89% uranium oxide, including 2.5 metres at 12.49% uranium oxide. NexGen has other properties in the Athabasca Basin (SW1, SW2 and SW3), but they are in the early stages of exploration. The SW1 property exhibits similar geophysical signatures to the Rook I property.

NexGen Energy has a market capitalization of $3.5 million. n ROCKCLIFF METALS Rockcliff Metals (CSE: RCLF; US-OTC: RKCLF) has three projects in the Thompson nickel belt of northern Manitoba. The company’s philosophy is to become a copper miner by developing low-cost nearsurface deposits with ramp access. One of the company’s most advanced properties is the Talbot gold-copper project. It earned a 51% interest from Hudbay Minerals (TSX: HBM; NYSE: HBM) in December 2019. In August, Hudbay exercised its buy back right to acquire an additional 2% interest in the Talbot project, making it the new 51% owner and operator. Rockcliff can retain a 35% carried interest in the project though the life of the mine. Last year Rockcliff updated the Talbot resource estimate to 2.2 million indicated tonnes grading 1.13% copper, 1.79% zinc, 2.06 grams gold per tonne, and 36 grams silver per tonne (4.4% copper-equivalent).

See PRAIRIE SNAPSHOT / 14

SEPTEMBER 27—OCTOBER 10, 2021 / THE NORTHERN MINER

PRAIRIE SNAPSHOT From 13

The inferred resource is 2.4 million tonnes averaging 1.13% copper, 1.74% zinc, 1.87 grams gold per tonne and 25.8 grams silver per tonne (2.98% copper-equivalent). The near-surface Rail copper deposit is wholly owned by Rockcliff. It has indicated resources of 1.2 million tonnes grading 2.7% copper, 0.9% zinc, 0.8 gram gold per tonne, and 36 grams silver per tonne (3.5% copper-equivalent). The inferred resource is 728,000 tonnes averaging 3.1% copper, 0.7% zinc, 1.1 grams gold, and 8.5 grams silver (4.1% copper-equivalent). The Rail deposit has a strike length of 960 metres and a vertical depth of about 700 metres. It is open to the south and at depth where untested conductive anomalies have been identified. The Tower high-grade copper deposit is also 100%-owned by Rockcliff. It has an indicated resource of 1 million tonnes grading 4.7% copper, 1.3% zinc, 0.85 gram gold per tonne, and 23.7 grams silver per tonne (5.2% copper-equivalent). There are another 400,000 inferred tonnes grading 3.5% copper 1.1% zinc, 0.57 gram gold and 18 grams silver (3.4% copper-equivalent). The Tower deposit has a strike length of more than 1,000 metres and a vertical depth of about 750 metres. It

remains open to the south and at depth. A high-grade nickel-platinum group metals (PGM) discovery has been made 500 metres south of the Tower deposit. A preliminary economic assessment has been produced that includes mining the Tower and Rail deposits, then processing the ore at a leased 1,000-tonne-perday mill within trucking distance of the deposits. Such a project has a post-tax net present value at an 8% discount rate of $69 million and an internal rate of return of 29%. It would pay for itself 2.1 years after production begins. The PEA puts the pre-production capital cost at $98 million to create a project that would have average annual production of 18,600 tonnes of copperequivalent. A new PEA is underway that will incorporate the results of an independent desktop study done of the Tower project in May this year. The company is confident that the pre-production capital costs at Tower can be reduced, thereby improving the overall economics of the project. The most interesting exploration project is the wholly owned Bur deposit. In 2007, Hudbay estimated resources at 1.1 million indicated tonnes grading 1.9% copper, 8.6% zinc, 0.04 gram gold per tonne, and 12.1 grams silver per tonne. There

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An aerial view of NexGen Energy’s Rook 1 project. NEXGEN ENERGY

was also an inferred resource of 300,000 tonnes grading 1.4% copper, 9% zinc, 0.08 gram gold per tonne and 9.6 grams silver per tonne. The deposit has been traced to a strike length of over 1,000 metres and to a vertical depth of

about 750 metres. It remains open in all directions. Rockcliff has completed three phases of drilling at Bur. A metallurgical characterization study has been completed, and an updated resource estimate is due by the end

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of the year. The company has an active exploration program at other potential sources of ore such as the historical Lon, Morgan, Copperman, and MacBride deposits, all of which are 100% owned. Rockliff Metals has a market capitalization of $20 million. n WESTERN RESOURCES Western Resources (TSX: WRX; US-OTC: WTRNF) manages its 100% interest in the Milestone potash development through subsidiary Western Potash. The parent company is phasing out its real estate investments so that it can improve its financial position and refocus its efforts on creating a new mine 35 km southeast of Regina, Saskatchewan. Western Resources acquired Western Potash in March 2017, thus making it the owner of the Milestone potash project. There was a feasibility study done in 2012, but a new scoping study for a solution mining operation was released in July 2015. The engineering was completed in 2016. With the new owner, a construction contract was awarded in 2019, and the first phase of construction was 83% complete by May 2020, when work on the Milestone project was halted, due in part to the Covid-19 pandemic. Western began hot mining (recirculating heated saturated brine from the crystallization pond into underground caverns) in April 2020. Sodium chloride (salt) in the solution is selectively replaced with dissolved potassium chloride (potash, KCl) before it is returned to the crystallizing pond. Each of the three underground caverns will send about 4,000 tonnes of potassium chloride per month to the pond. Once finished, the processing plant will de-brine, dry and compact the potash before it is delivered to the customer. Meanwhile, Western Potash continues to advance and optimize its mining operations. The new plan is to focus on increased solution mining efficiency and the life span of the caverns. A third-party engineering firm is reviewing the operating plans and updating the 43-101 technical report. Hopefully, project financing can be completed this year and the project restarted, according to the company. The last 43-101 report estimated Milestone to have a measured resource of 154.5 million tonnes, an indicated resource of 22.5 million tonnes, and an inferred resource of 93.6 million tonnes, all of which grade 29% potassium chloride. Western Resources has a market capitalization of $36.4 million. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / SEPTEMBER 27—OCTOBER 10, 2021

Endeavour Silver completes feasibility on Terronera in Mexico MEXICO

| Study envisions underground mine life of 12 years

BY NORTHERN MINER STAFF

ndeavour Silver’s (TSX: EDR; NYSE: EXK) 100%-owned Terronera project in Mexico’s Jalisco state would produce 3.3 million oz. payable silver and 32,874 oz. gold annually over a 12-year underground mine life, according to a feasibility study. The study, which follows a prefeasibility study completed at the end of July 2020, modeled an underground mine processing 7.4 million tonnes of mineralized material at a rate of 1,700 tonnes per day. The life-ofmine all-in sustaining cost per oz. silver, net of gold credits, was pegged at US$3.24 per ounce. At a base case gold price of US$1,800 per oz. and US$24 per oz. silver, the mine would generate an after-tax net present value at a 5% discount rate of US$174 million and an internal rate of return of 21.3% according to the study. Life-of-mine annual after-tax free cash flow once in full year production was forecast to run to US$40 million. Initial capex of US$175 million, which would be spent over a 24-month period, could be paid back in 3.6 years. Sustaining capital would come in at about US$105.7 million with over 60% of that sum spent in the first three operating years for the phased underground development. Dan Dickson, the company’s CEO, said the feasibility study results “support the construction of our largest, and lowest cost mine,” and noted that management believes “there are further opportunities to optimize

Drillers at Endeavour Silver’s Terronera silver project, 40 km northeast of Puerto Vallarta, Mexico. ENDEAVOUR SILVER

the project and grow the mineral resource ... [and] with continued drilling success, there is potential to add significant production ounces and mine life at Terronera.” The company has started initial earthworks and plans to make a construction decision based on financing and the receipt of additional permits, before the end of this year. Endeavour purchased the project, about 50 km northeast of the port city of Puerto Vallarta, from Grupo Mexico in 2010 for US$2.75 million, and since then has spent about US$32.9 million on exploration and engineering. The project (which consists of Ter-

ronera and La Luz, both of which will be mechanized ramp access underground mines) has probable reserves of 7.4 million tonnes grading 197 grams silver per tonne, 2.25 grams gold per tonne (374 grams silverequivalent per tonne) for 46.71 million oz. silver and 534,000 oz. gold (88.83 million silver-equivalent ounces). The mine plan sequences the highgrade La Luz orebody first to optimize grade and cash flow. Roughly 60% of the deposit will be mined using long-hole mining, with 20% development within ore, and 20% cut and fill. The plant consists of three-stage crushing, grind-

ing, flotation, concentrate thickening and filtration, tailings filter plant and a filtered tailings (dry stack) storage facility. The study forecast that over the mine life, Terronera and La Luz would pay taxes totaling US$171.6 million, which will consist of US$7 million in government royalties and environmental duties; US$36.3 million in special mining duties; and US$128.3 million in corporate taxes. The sum does not include local taxes, payroll taxes and other fees and taxes, the company said. Key differences between the feasibility study and the prefeasibility study include a larger reserve base, a slightly larger processing plant; and a third portal. Other differences include: base case precious metal prices that are 25% higher for silver and 11% higher for gold; a longer mine life (12 years compared with 10 years); 32% higher life-of-mine payable silver ounces produced and 20% higher gold ounces produced; 77% higher initial capex (US$175 million compared with the prefeasibility study’s US$99.1 million); a 6% higher processing capacity (1,700 tonnes per day compared with 1,600 tonnes per day); 75% higher sustaining capex over the life of mine (US$105.7 million compared with US$60.4 million); 43% higher after-tax life of mine free cash flow (US$311.4 million versus US$217.4 million); 19% higher AISCs per silver ounce; and 27% higher after-tax NPV and 29% lower IRR. In a research note, Ryan Thompson of BMO Capital Markets, commented

that the feasibility study “sets the stage for debt financing discussions.” “Management noted that discussions are underway, with a goal of securing $80-$100 million of debt by year-end,” the mining analyst wrote. “Although the potential for equity financing wasn’t ruled out, the company currently has a healthy cash position of $125 million, plus finished goods inventory on hand. “Some permit amendments will be required to meet the scope of the new design; however, the project is in a position such that construction can start today, ahead of the amendments. Securing the financing package will be the critical item required for a formal construction decision to be made. We assume the first full year of production in 2024, following a 24-month construction period.” Thompson has a market perform rating on Endeavour and a target price of $5.97 per share. At presstime in Toronto the company was trading at $5.88 per share within a 52-week trading range of $4.00 and $9.32 per share. The company has a market cap of about $1.0 billion. Cosmos Chiu, a mining analyst at CIBC, has a 12- to 18-month price target on the company of $8.25 per share. “After factoring in new costs and additional capex, we note that the Terronera asset still generates a strong IRR of 21.3% and is transformative for the company, adding another asset to its portfolio and an additional 6 million oz. silver-equivalent to annual production in 2024,” Chiu wrote in a note to clients. TNM

Rupert Resources completes first resource on Ikkari EXPLORATION

| Expects to update resource and finish PEA by mid-2022

BY NORTHERN MINER STAFF

n less than 18 months from drilling the discovery hole, Rupert Resources (TSXV: RUP) has released its first resource estimate on the Ikkari gold deposit, part of its Rupert Lapland project in northern Finland. The junior explorer says Ikkari has inferred resources of 49 million tonnes grading 2.5 grams gold per tonne for 3.95 million oz. of contained gold. The estimate included open pit and underground resources. Of the 3.95 million oz., 2.51 million oz. are designated as open pit and 1.44 million oz. as underground. The estimate was based on 36,000 metres of drilling to the end of June. The deposit, 30 km from the town of Sodankyla, remains open at depth and along strike and the company plans to drill a further 28,000 metres during the remainder of this year and 62,000 metres in 2022. Highlights from infill drilling since the resource cut-off date at the end of June, have included 5.4 grams gold per tonne over 122.3 metres from 241.7 metres in hole 121070, including 16.9 grams gold over 11 metres from 286 metres and 10.6 grams gold per tonne over 10 metres starting 322 metres downhole. Rupert Resources plans to update the resource estimate and complete a preliminary economic assessment on Ikkari by the middle of next year. CEO James Withall stated in a press release that the time it took the company to release its first resource estimate was roughly “half the indus-

Left: Chief executive officer James Withall at the Pahtavaara project. Right: The Pahtavaara project is in Finland’s Central Lapland Greenstone Belt. RUPERT RESOURCES

try average” and noted that “the demonstrated size, grade, cohesive mineralization and growth potential, combined with non-refractory metallurgy and proximity to infrastructure, positions Ikkari as one of the most high-quality advanced explorationstage assets of recent years.” Following news of the resource estimate, Brian Quast of BMO Capital Markets raised his target price on the stock from $6.50 per share to $10.00 per share. At presstime in Toronto the company was trading at $5.65 per share within a 52-week trading range of $2.77 and $6.20 per share. The mining analyst commented in a research note that the resource estimate had “exceeded our expectations.” “The estimate is well above our expectations (38.2 million tonnes at 2.44 grams gold per tonne for 3.0 million oz.),” he wrote.

“Mineralization characteristics-continuity, proximity to surface, non-refractory — paint a picture of strong development economics.” Tom Gallo of Canaccord Genuity has a target price of $6.50 per share on the company. “This is a very robust first pass and provides a solid base for continued discovery and definition of this resource,” Gallo commented in a research note. “We model an open-pit only resource of 3.05 million oz. averaging 2.69 grams gold per tonne and a conceptual operation consisting of 10 years with average production of ~300,000 oz. a year.” The deposit was discovered using regional exploration that focused on geochemical sampling of bedrock/till interface through glacial till deposits of between five and forty metres thick. There was no outcrop, and the first hole, drilled in April 2020, returned

54 metres grading 1.5 grams gold per tonne starting from 25 metres depth. The hole was under 13 metres of glacial till cover. Results from metallurgical testing have demonstrated up to 99.5% of gold could be recovered using conventional processing methods. The site is about three km from 220kv power lines and 5 km from an existing transformer station. Ikkari makes up part of the junior explorer’s flagship Rupert Lapland project in Finland’s Central Lapland Greenstone Belt and is currently Rupert Resources’ main focus. The project consists of Ikkari and the permitted Pahtavaara mine and mill within a total land package of 595 sq. kilometres. The project, which the company acquired in 2016 for about US$2.5 million, sits about 150 km northeast

of the town of Rovaniemi and about 50 km from Agnico Eagle Mines (TSX: AEM; NYSE: AEM) Kittila gold mine, the largest gold mine in Europe. Agnico took a 9.9% stake in Rupert Resources in February 2020. Pahtavaara is also about 20 km from the polymetallic deposits at Boliden’s Kevitsa nickel, copper, PGM mine, one of the largest mineral discoveries in Finland, and Anglo American’s (LSE: AAL; US-OTC: AAUK) Sakatti copper-nickel-PGM project. Pahtavaara previously produced more than 420,000 oz. gold over a 16-year period of open-pit and underground operations, and last operated in May 2014. The project has an inferred resource estimate from 2018 of 4.6 million tonnes grading 3.2 grams gold per tonne for 474,000 ounces. The resource estimate used a 1.5 gram gold cut-off grade. TNM

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SEPTEMBER 27—OCTOBER 10, 2021 / THE NORTHERN MINER

SITE VISIT From 1

potential to find mineralization there. In 2018, Barrick decided Elmer was too much of an early stage play and dropped it, and Eastmain let the claims lapse. “We absolutely jumped on it in June 2018 when we discovered the claims had been dropped. We were so convinced about the property’s potential that we retain a 100% interest in the property and have not formed a joint venture with anybody like we’ve done elsewhere in our portfolio,” says Lulin. He says the prospecting that led the company to the Patwon discovery in 2019 was significantly helped by geochemical analysis of the Duxbury claim. According to Lulin, Patwon has been recognized as prospective as early as 1999. Early prospecting returned a grab sample of 10.1 grams per tonne gold in an outcropping quartz vein, but it was not enough to instill a sense of ‘discovery excitement.’ “We then started looking at the wall rocks and got a sample that returned 54.6 grams per tonne, that helped change our opinion of the project a great deal,” says Lulin. The company released the first grab samples in October 2018, following in 2019 with the results from the first tenor sampling at 200-metre fences. The work resulted in Azimut recognizing a 30-metre mineralized corridor at Patwon. The share price went from 50¢ to $1.50 following the first round of drill results in 2019. “Grade is important, but the orientation of the mineralization is everything here,” says Lulin. Since then, the company’s drilling campaigns have generally been focused on expanding the size of the known mineralization. “It’s really good mineralogy for high-grade gold mineralization,” says Lulin. The wall rocks and the quartz veins make for a continuous mineralized system. “The mineralized envelope is very simple, despite some internal geological complexity in the form of visible gold, lots of pyrites, quartz

REGULATIONS From 2

fied persons. These things objectively are the purview of advanced projects that have had positive bulk samples already completed. Gardiner decries the period during the technical review that created significant regulatory uncertainty for the industry. It became apparent that Taranis was aiming at scoring a goal through regularly moving goalposts. “The bulk sample was being subjected to ever-increasing demands for data such as invertebrate counts in streams, biological surveys to assess fish, etcetera, as well as some management issues,” he says. “It started to look like there might have been a policy in place to willfully obstruct any bulk sample permitting from reaching the finish line.” Out of options and out of luck, Taranis contacted the B.C. Ombudsperson early in 2020 and asked them to examine its bulk sample permit application in the wake of the issues and delays. In June of 2020, the Ombudsperson completed their investigation and created a resolution with two significant findings. Firstly, the Ombudsperson finding stated there was no public policy in place to permit bulk samples in British Columbia other than the two-page Notice of Work sheet that was previously the only permitting required to undertake such samples. Critically, the Ombudsperson discovered that Taranis had been subjected to a policy adopted by EMLI but not yet disseminated to the public. “This created the policy uncertainty,” says Gardiner. Earlier this summer, EMLI published their bulk sampling policy as

veining and alteration,” he says. These are the four parameters our drillers use, so they know they are getting into the good stuff.” Prospecting elsewhere on the property has also returned good counts of pristine gold grains, lending further credence to the company’s thesis on something potentially big. Preliminary metallurgical testing has confirmed all the gold to be free, and 20% to 25% of the gold can be recovered using gravity processing. Lulin is convinced the Patwon intrusion cannot exist in isolation. He likens the mineralized occurrence to the first of a potential ‘string of pearls.’ A major frustration for the company is the bottlenecks at laboratories. Lulin says the company is still waiting on many results, impeding management’s ability to plan the subsequent phases of the exploration strategy. Lulin says there are two parts to the exploration strategy: To expand the Patwon discovery to an exploration target of at least two million ounces, to a depth of about one kilometre. The company aims at finalizing an NI 43-101-compliant mineral resource statement for Patwon by the end of 2022. To this end, the company has just completed constructing a new core shack at Camp Elmer to accommodate the processing of increased core volumes, given the plan to get three to four drill rigs out to the site for the fall and winter drill programmes. “We know we’re on track here,” he says. “The next priority is to find the other intrusives. This type of geology often manifests like pearls on a string.” Despite the Elmer property’s remote location, it has reasonable access to infrastructure. There is about 25 km from hydropower at Eastmain and about 25 km from the Billy Diamond highway. An access road to the Elmer site is in the permitting phase, with two helicopters on standby to transport people and cargo from the nearby La Grande airport. Further, Lulin says the local Cree First Nation has been very proactive about mineral development in

per the Ombudsperson’s resolution with Taranis, and it now provides much clearer policy guidelines. Secondly, EMLI agreed to a timeline that would see the completion of the bulk sample permit application after the submission of several technical reports. EMLI finally granted Taranis the bulk sampling permit for processing a 10,000-tonne bulk sample at Thor on July 26. The bulk sample has been designed to gather information critical to preparing a feasibility study and subsequent mine development. The sampling project will meticulously collect statistically representative data about the grade and quality of the mineral resource and determine the recovery rate of the gravity pre-concentration process, says Gardiner. “The removal of legacy mineral stockpiles has the additional benefit of ameliorating un-reclaimed mining disturbances, which date back over 50 years,” says Gardiner. The Northern Miner reached out to EMLI for comment but was offered little material insight. “The EMLI website provides guidance for proponents on the review process for joint agency applications, bulk sample and custom and pilot mill,” it said in an email. “The Ombudsperson collaborated with EMLI and the proponent to find a reasonable path forward for the review to resolve a dispute regarding information requirements.” David Johnston, president of the Chamber of Mines of Eastern British Columbia, tells The Northern Miner that the problems Taranis had to deal with were not uncommon of the hardships the association’s membership experienced in general. “For small to medium-sized com-

the James Bay region. To date, three agreements have been signed in connection with the exploration and development of Elmer, with the Cree set to play a significant role in the permanent access road’s construction. Azimut says it maintains a strong focus on cost control and acquires its assets via staking as a project generator. It has never forked over money to acquire its assets, Lulin says. “This exploration work is pure value creation. For example, every dollar spent on Patwon has thus far delivered value.” According to Lulin, the priority now is to define the envelope. “We’re focusing on expanding what we already know,” he says. The next steps on the larger Elmer property entail a till survey, and more prospecting while the team awaits the assay results from the last round of drilling. The team also plans to undertake top-of-bedrock reversecirculation drilling in the hunt for further ‘smoke’ that may indicate the presence of other intrusives. Importantly, Lulin explains the orientation of the orebody is critically essential. The team will undertake an orientation survey on the covered Patwon area, comprising 200-to300-metre line spacing along the Patwon Shear extensions and subparallel zones. “We already have so many highgrade gold zones, given the little exploration we’ve done, the chances of finding more of the same is really in our favour,” says Lulin. Analysts got excited about the identification of polygenic conglomerate rocks very close to the Patwon outcrop. Lulin notes the formation is a common feature of renowned gold camps in Kalgoorlie, Australia, and even Newfoundland and Labrador’s emerging Marathon gold camp. Comparing already known deposits with the Patwon discovery features is a crucial step in supporting the exploration hypothesis and envisioning the upside potential of the discovery, even if each deposit is ultimately different. Key features of the Goldex deposit,

owned and operated by Agnico Eagle Mines (TSX: AEM; NYSE: AEM), correlate with Patwon, Lulin says. Goldex’s steeply dipping mineralized body has a horizontal length of about 450 metres and is 1.8 km in depth. Goldex, a multi-millionounce gold mine, is located on the west side of Val-d’Or in the Abitibi region of Quebec. The mineral reserve and resource statement for the Goldex deposit as of December 31, 2020, comprises proven and probable reserves of 1.1 million ounces of gold in 22.1 million tonnes grading 1.57 grams gold per tonne. The measured and indicated resources entail 1.7 million ounces in 31.6 million tonnes grading 1.66 grams gold per tonne, and inferred resources of 1.2 million ounces in 24.8 million tonnes grading 1.5 grams gold per tonne. The upside potential is what keeps motivating the Azimut team. Ten new drill targets in an eight-km by three-km corridor are ready to be drill tested. At the same time, the team has identified a further two km of prospective strike comprising high-grade undrilled prospects. The company has extensive induced polarization anomalies, including high counts of pristine gold grains in the till. Meanwhile, Lulin provided a brief update on the company’s other core prospect, the world-class Rex coppergold opportunity in Nunavik. “It is a true crustal-scale anomaly 330 kilometres long and 30 to 50 kilometres wide covering the Rex and Rex South properties. “This will become a new mineral province,” says Lulin. In 2021, SOQUEM funded a $4 million exploration program on both properties comprising 49 km of ground geophysics, 2,890 metres over 17 holes of diamond drilling, and channel sampling. The projects (Rex and Rex South) are part of a strategic alliance signed between Azimut and Quebec-government-mandated SOQUEM. Azimut is the operator of the partnership. The region offers significant potential for critical or strategic commodi-

ties by the Quebec and Canadian governments, specifically copper, tellurium, bismuth, tungsten, tin, molybdenum, rhenium, indium, and rare earth elements. The Rex and Rex South properties cover a region considered by Lulin and the team to be a new mineral province with the potential to host large-scale deposits. Analysts say they believe the Elmer property underpins about 90% of Azimut’s current value. They expect the current upside potential at Patwon is probably priced into the current share price. Still, the announcement of a new major discovery will likely send the shares running higher. The company knows this and is therefore prioritizing about 85% to 90% of its capital spend on Elmer exploration. Data processing is Azimut’s core business, drawing on the publicly available geological dataset developed by the Quebec government and the province is unique in making available extensive datasets for free. Lulin and Azimut have developed the so-called AztechMine platform to analyze the data using a ‘big data’ approach. To date, it has resulted in identifying more than 500 mineral prospects in Quebec. Azimut has signed 32 partnership agreements to date, including with companies such as Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO), Newmont (TSX: NGT; NYSE: NEM), Iamgold (TSX: IMG; NYSE: IAG), Hecla Mining (NYSE: HL) and SOQUEM. The company was founded in 1986 and today still only has about 81.7 million shares outstanding, with a float of about 23 million shares, of which about 65% is in control of socalled ‘strong hands.’ Lulin himself holds about two million shares, and he is proud to note the equity has never been consolidated during this timeframe. “We have one of the lowest dilution rates of any junior.” The company currently has about $30 million in cash. Azimut shares have gained about 75% over the past 12 months to $2.19 as of September 20, capitalizing it at $179 million. TNM

Taranis environmental permitting coordinator Thomas Gardiner (L) with CEO John Gardiner and dalmatians “Calamity” Jane and “Katie” Carmack at a test adit carved out by historical miners at Thor. TARANIS RESOURCES

panies and individuals, the time spent with permitting and costs of bonding plus conditional studies, amongst other requirements under the former regime, were making exploration for small to medium scale production nearly impossible,” he says in an interview.

“The lack of any permits for bulk samples for years in the province was a common observation. “There is the perception of bias and a general feeling in the mining exploration community that many government employees in permitting offices have become deliberately

obstructionist. While it is unlikely that any government would have that as a policy due to simple economics, many felt like it was happening,” says Johnston. “It damaged B.C.’s reputation as a mining-friendly investment destination on the global stage.” TNM

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SEPTEMBER 27—OCTOBER 10, 2021 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / SEPTEMBER 13 — 17 The S&P/TSX Composite Index fell 142.7 points or 0.69% to finish the September 1317 trading week at 20,490.41. The S&P/TSX Global Mining Index fell 4.83 points or 4.76% to 96.75 and the S&P/TSX Base Metals Index dropped 8.07 points or 4.77% to 161.18. The S&P/TSX Global Gold Index fell 7.03 points or 2.50% to 274.05 and spot gold fell US$33 per oz. or 1.85% to US$1,753.80 per ounce. Lithium Americas jumped $1.56 per share to $30.09 per share. The company announced the election of Kelvin Dushnisky and Jinhee Magee to its board of directors. Dushnisky was previously the CEO and a member of the board of AngloGold Ashanti and prior to that the president and executive director of Barrick Gold. Magee is currently the chief financial officer and senior vice president of Lundin Mining. Lithium Americas has development-stage projects in Argentina’s Jujuy province and in Nevada. Shares of Kirkland Lake Gold rose $1.12 to $52.54. The company announced a quarterly dividend payment for the third quarter of US$0.1875 per common share, which will be paid on October 13 to shareholders of record as of the close of business on September 29. The payment is the 18th quarterly dividend payment since the company adopted its dividend

policy in March 2017. The company is targeting production of 1.3 million oz. to 1.4 million oz. this year. In 2020 the company achieved its guidance and produced 1.369 million oz. gold at all-in sustaining costs of US$800 per ounce. Gran Colombia Gold gained 63¢ to $5.25 per share. The company reported August production of 17,377 oz. gold and 17,915 oz. silver at its Segovia operations, bringing its total from Segovia for the first eight months of the year to 133,891 oz. gold and 144,796 oz. silver, up from 129,082 oz. gold and 118,570 oz. silver in the first eight months of 2020. Gran Colombia also announced that commissioning of the new polymetallic recovery plant at Segovia has begun and said it expects to begin producing TSX MOST ACTIVE ISSUES

Suncor Energy Denison Mines Nevada Copper GoGold Res Fission Uran Kinross Gold Barrick Gold B2Gold Corp Nexgen Energy UEX Corp

SU DML NCU GGD FCU K ABX BTO NXE UEX

VOLUME (000s) HIGH

WEEK LOW CLOSE CHANGE

73307 25.00 31206 2.26 31104 0.09 28247 3.32 27778 1.18 27188 7.52 24775 25.12 19775 4.91 19324 7.81 19141 0.60

23.45 24.67 + 1.47 1.93 2.02 + 0.03 0.07 0.08 - 0.01 2.83 2.93 - 0.20 0.98 1.06 + 0.06 6.91 6.98 - 0.25 23.15 23.38 - 1.15 4.60 4.63 - 0.02 6.53 6.62 - 0.78 0.48 0.49 - 0.01

concentrate including zinc, lead, gold and silver from its tailings in the fourth quarter of 2021. The Segovia operations in Colombia’s mining district of Antioquia, consist of several mines, including El Silencio, Sandra K, Providencia and Carla. The company said Segovia is on track to produce between 200,000 and 220,000 oz. gold this year. In addition, Gran Colombia declared the next monthly dividend of 1.5¢ per common share will be paid to shareholders of

record at the close of business on September 30. Shares of SilverCrest Metals advanced 43¢ to $9.90. The Mexico-focused company has been included in the Toronto Stock Exchange’s 2021 TSX30, a flagship program recognizing the 30 top-performing TSX stocks over a three-year period based on dividend-adjusted share price appreciation. SilverCrest’s shares over the three year period rose 286%, ranking it ninth on the 2021 TSX30 list. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

SouthGobi Res Xanadu Mines Century Global NorZinc Horizonte Mnls Ur-Energy Novo Res Tanzanian Gold Gran Colombia Forsys Metals Minco Silver Orosur Mng Belo Sun Mng Goldgroup Mng Sierra Metals Galiano Gold Orvana Mnrls Nexa Resources Excellon Res New Pac Metals

SGQ XAM CNT NZC HZM URE NVO TNX GCM FSY MSV OMI BSX GGA SMT GAU ORV NEXA EXN NUAG

1027 0.45 11653 0.05 25 0.25 2247 0.07 1642 0.17 3979 2.63 2295 2.05 182 0.64 2801 5.25 4952 1.30 364 0.39 103 0.34 2288 0.58 215 0.05 883 2.66 1303 1.03 258 0.37 6 10.80 412 2.32 621 5.10

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.27 0.03 0.22 0.05 0.15 2.18 1.74 0.57 4.62 0.94 0.30 0.28 0.46 0.04 2.11 0.85 0.30 8.50 1.88 4.27

0.39 0.04 0.25 0.07 0.17 2.43 2.04 0.63 5.25 1.10 0.30 0.29 0.46 0.04 2.11 0.85 0.31 8.50 1.88 4.27

+ + + + + + + + + + -

50.0 33.3 19.0 18.2 17.9 15.7 15.3 14.5 13.6 12.2 23.1 21.6 20.2 20.0 19.5 17.5 16.2 16.2 14.9 14.4

Nutrien Lithium Amer Suncor Energy Kirkland Lake Solaris Res Gran Colombia Equinox Gold Ero Copper Energy Fuels SilverCrest Franco-Nevada Wheaton Prec Labrador IOR Cameco Corp Agnico Eagle Newmont Corp First Quantum Nexa Resources Gatos Silver Skeena Res

NTR LAC SU KL SLS GCM EQX ERO EFR SIL FNV WPM LIF CCO AEM NGT FM NEXA GATO SKE

11134 5682 73307 7343 924 2801 3288 1588 6640 1958 2940 6076 2562 14382 4792 853 13533 6 227 895

WEEK CLOSE

80.45 30.09 24.67 52.54 13.15 5.25 9.11 24.90 9.34 9.90 173.28 52.52 39.59 28.61 67.82 70.38 22.54 8.50 16.40 12.98

CHANGE

+ + + + + + + + + + -

1.89 1.56 1.47 1.12 0.79 0.63 0.56 0.56 0.51 0.43 6.50 4.23 2.51 2.38 2.13 1.87 1.84 1.64 1.33 1.29

TSX VENTURE EXCHANGE / SEPTEMBER 13 — 17 The S&P/TSX Venture Composite Index fell 16.52 points or 1.83% to finish the September 13-17 trading week at 886.83. Spot gold fell US$33.00 per oz. or 1.85%. to US$1,753.80 per ounce. Uranium Royalty climbed $1.48 per share to $5.88. The company said it is entering contracts for three spot purchases totaling 300,000 lb. of U308 at an average cost of US$38.17 per pound. The deliveries are scheduled for September and October and the acquisitions are fully funded with cash on hand. Once completed, the deliveries will bring Uranium Royalty’s physical inventory to 648,068 lb. U308 at a weighted average cost of US$33.10 per lb. The company also announced the appointment of John Griffith to its board of directors. Griffith is a former managing director and head of Americas Metals and Mining Investment Banking at the Bank of America. Shares of Altus Strategies rose 18¢ to$1.48. The junior announced that it expects to receive its first royalty income payment this month from its 0.418% net smelter return (NSR) royalty interest on the Caserones copper mine in Chile. Altus estimates the royalty for the quarter ended June 30 will be greater than US$1 million before tax. “Due to strong copper prices during the period, it is believed this

may represent the highest quarterly royalty payment from Caserones since production commenced in 2015,” Altus stated in a news release, noting that the mine has an estimated 17 years of production life remaining. Altus acquired the royalty on Caserones in August for US$34.1 million through a 50:50 partnership with EMX Royalty. The two companies created a jointly owned special purpose vehicle, which acquired an effective 0.836% NSR royalty for US$68.2 million (0.418% for Altus and 0.418% for EMX Royalty). Caserones is an open-pit copper-molybdenum deposit, about 15 km from Chile’s border with Argentina, 162 km southeast of the city of Copiapo. InZinc Mining jumped 66.7% to 8¢ per share. The junior reported geochemical results on Sept. 14 that have extended soil responses TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Northern Uran Azincourt Ener Anfield Energy GoviEx Uranium RosCan Gold Blue Sky Uran Purepoint Uran Fission 3.0 Pegasus Res Intl Lithium

UNO.H 26601 AAZ 13822 AEC 12799 GXU 12678 ROS 11667 BSK 10440 PTU 10387 FUU 10313 PEGA 8443 ILC 8291

0.09 0.12 0.23 0.59 0.30 0.37 0.17 0.24 0.08 0.11

WEEK LOW CLOSE CHANGE

0.05 0.10 0.16 0.42 0.27 0.30 0.14 0.17 0.04 0.08

0.05 0.10 0.16 0.47 0.28 0.30 0.15 0.18 0.08 0.10

+ + + + + + +

0.01 0.01 0.04 0.05 0.01 0.02 0.01 0.01 0.04 0.03

in an area between the Anomaly C and Delta Horizon targets at its Indy Sedex project in British Columbia. The results show strong, coincident, multi-element (zinc, lead and barium) soil responses over 1.9 km in this part of the 7-km-long Main Trend. The company has called this area Echo and says it is the largest target yet defined at the project. It says samples returned 800 to 1,000 parts per million zinc with

highs of up to 3,700 ppm (0.37%) zinc. Barium in soil coincident with the zinc responses was also strong, the company said, ranging from 2,000 ppm to at least 10,000 ppm (1%) relative to other targets. Then on Sept. 16 it announced that geochemical results have outlined silverin-soil responses in the area located between the new 1.9 km Echo zinc target and the 1.5 km long Delta Horizon zinc target. TNM

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

Pegasus Res InZinc Mining Elcora Adv Mat Minsud Res Alpha Lithium Gold State Res Milner Con Slv East Africa Solstice Gold Argentina Lith Nortec Mnls Desert Mtn Egy Gitennes Expl Sonoro Gold Intl Zeolite Inomin Mines Arctic Star Engineer Gold Adamera Min Silver Wolf

PEGA IZN ERA MSR ALLI GOST MCA.H EAM SGC LIT NVT DME GIT SGO IZ MINE ADD EAU ADZ SWLF

8443 7691 1369 266 1622 425 225 2829 1876 2478 3394 1966 313 2377 313 472 4626 2517 221 210

0.08 0.06 0.14 0.11 0.74 0.20 0.11 0.42 0.18 0.30 0.03 4.56 0.08 0.31 0.21 0.11 0.14 0.05 0.08 0.32

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.04 0.03 0.07 0.07 0.49 0.12 0.08 0.27 0.10 0.19 0.02 2.78 0.06 0.19 0.16 0.00 0.10 0.00 0.06 0.24

0.08 0.05 0.12 0.11 0.74 0.16 0.11 0.42 0.14 0.26 0.02 2.92 0.06 0.22 0.16 0.10 0.10 0.03 0.06 0.24

+ 100.0 + 66.7 + 64.3 + 57.1 + 52.6 + 47.6 + 46.7 + 44.8 + 40.0 + 37.8 - 42.9 - 33.9 - 31.3 - 29.0 - 27.3 - 26.9 - 25.9 - 25.0 - 25.0 - 24.2

VOLUME (000s)

Uranium Roylty IsoEnergy Ltd Comet Inds Gold Mountain Alpha Lithium Golden Valley Artemis Gold Altus Strat Millennial Lit Rock Tech Lith Desert Mtn Egy New Found Gold Great Bear Res Rupert Res Los Andes Starr Peak Filo Mg Corp Integra Res Nouveau Monde Colonial Coal

URC ISO CMU GMTN ALLI GZZ ARTG ALTS ML RCK DME NFG GBR RUP LA STE FIL ITR NOU CAD

WEEK CLOSE

4603 5.88 3228 5.26 13 4.00 2098 1.87 1622 0.74 205 11.60 546 5.40 19 1.48 2672 4.09 47 5.40 1966 2.92 1546 7.15 569 13.20 359 4.91 4 7.25 530 2.27 275 8.46 482 3.15 921 7.64 1032 1.13

CHANGE

+ + + + + + + + + + -

1.48 0.53 0.45 0.40 0.26 0.22 0.20 0.18 0.17 0.16 1.50 1.30 0.98 0.73 0.65 0.58 0.51 0.46 0.44 0.31

U.S. MARKETS / SEPTEMBER 13 — 17 The Dow Jones Industrial Average dropped 22.84 points or 0.07% to finish the September 13 to September 17 trading week at 34,584.88 and the S&P 500 fell 25.59 points or 0.57% to 4,432.99. Spot gold declined US$33 per oz. or 1.85% to finish at US$1,753.80 per ounce. Mosaic topped the list of gains with its shares rising US$1.83 to US$33.61.The fertilizer giant reported sales volumes and revenue of its three business units for the month of August. The company posted sales volumes in its potash unit of 610,000 tonnes for US$196 million in revenue. In August 2020, it reported sales volumes of 741,000 tonnes of potash and revenue of US$154 million. Its fertilizer division reported sales volumes of 1.13 million tonnes for revenue of US$602 million, compared with 1.27 million tonnes and revenue of US$393 million in August 2020. For phosphates, the company posted sales volumes of 666,000 tonnes for revenue of US$465 million, compared with 743,000 tonnes and revenue of US$261 million in August 2020. Shares of Chevron Corp. gained US69¢ to US$96.76. The company announced that at a Brent oil price of US$60 per barrel, it expects to earn a double-digit return on capital employed by 2025 and generate US$25 billion of cash flow, above its dividend and capital spending,

over the next five years. It also reaffirmed its 2028 upstream production greenhouse gas intensity targets, which equate to a forecast 35% reduction from 2016 levels. It also set targets for its new energy business to 2030. It plans to grow its renewable natural gas production to 40,000 MMbtu per day; increase renewable fuels production capacity to 100,000 barrels per day; boost hydrogen production to 150,000 tonnes per year; and increase carbon capture and offsets to 25 million tonnes per year. In other recent news, Chevron announced a framework to study and evaluate opportunities with Enterprise Product Partners L.P. for carbon dioxide (CO2) capture, utilization and storage from their business units in the United U.S. MOST ACTIVE ISSUES VOLUME (000s)

Vale* VALE 176771 United States S* X 131061 Freeport McMoR* FCX 120753 Barrick Gold* GOLD107572 Cleveland-Clif* CLF 106708 Yamana Gold* AUY 80793 Cameco Corp* CCJ 78438 Kinross Gold* KGC 73712 Chevron Corp* CVX 64057 IAMGOLD* IAG 57324

HIGH

18.28 26.43 36.79 19.82 23.63 4.32 26.57 5.94 98.74 2.50

WEEK LOW CLOSE CHANGE

15.94 23.11 32.57 18.26 21.79 3.99 22.22 5.43 95.98 2.18

16.31 23.36 33.05 18.36 21.86 4.05 22.46 5.48 96.76 2.33

+ +

1.72 2.56 2.43 0.99 1.48 0.08 1.97 0.23 0.69 0.17

States. Enterprise Product Partners is one the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, crude oil, refined products and petrochemicals. Iamgold’s shares rose US17¢ toUS$2.33. The company reported assay results from seven holes (1,826 metres) of its 2021 winter exploration drill program in the Lac Gamble

zone of the Rouyn gold project, 4 km south of Rouyn-Noranda in Quebec and about 45 km from its Westwood operation. Iamgold has optioned the project from Yorbeau Resources. Highlights included 7.7 metres grading 2.5 grams gold per tonne starting 142.3 metres downhole in hole GA-21-779; 5 metres of 5.5 grams gold in drillhole GA-21-780 from 108.2 metres; and 3.2 metres of 16.1 grams gold in GA-21-782 from 443.5 metres depth. TNM U.S. GREATEST VALUE CHANGE

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

IAMGOLD* Suncor Energy* Mosaic* Lithium Amer* Intrepid Pots* Harmony Gold* NACCO Ind* Kirkland Lake* Nutrien* Buenaventura* Peabody Enrgy* Nexa Resources* CONSOL Energy* Mechel* Coeur Mng* United States S* Vale* HudBay Min* Gatos Silver* Cameco Corp*

IAG SU MOS LAC IPI HMY NC KL NTR BVN BTU NEXA CEIX MTL CDE X VALE HBM GATO CCJ

57324 35059 17710 30854 680 42096 66 8694 7359 7930 33258 727 3086 5386 29238 131061 176771 8445 5300 78438

2.50 19.73 34.15 24.72 30.43 3.48 26.70 43.71 64.36 7.45 19.44 8.38 28.27 4.74 7.27 26.43 18.28 6.64 14.41 26.57

VOLUME (000s)

WEEK LOW CLOSE CHANGE

2.18 18.47 31.66 21.54 28.04 3.13 24.66 40.65 60.83 6.60 14.65 6.69 23.78 3.86 6.10 23.11 15.94 5.66 12.70 22.22

2.33 19.36 33.61 23.57 30.12 3.23 26.15 41.23 63.05 7.21 14.72 6.70 24.22 3.86 6.23 23.36 16.31 5.69 12.81 22.46

+ + + + + + + + + + -

7.9 5.8 5.8 4.8 3.6 3.2 2.9 1.8 1.7 1.5 22.4 16.5 12.7 10.0 10.0 9.9 9.5 8.8 8.3 8.1

Mosaic* MOS Lithium Amer* LAC Suncor Energy* SU Intrepid Pots* IPI Nutrien* NTR NACCO Ind* NC Kirkland Lake* KL Chevron Corp* CVX Ero Copper* ERO IAMGOLD* IAG MartinMarietta* MLM Franco-Nevada* FNV Arch Resources* ARCH Rio Tinto* RIO Peabody Enrgy* BTU Wheaton Prec* WPM CONSOL Energy* CEIX Southern Copp* SCCO United States S* X Freeport McMoR* FCX

17710 30854 35059 680 7359 66 8694 64057 36 57324 2167 3678 1827 24381 33258 12791 3086 4268 131061 120753

WEEK CLOSE

CHANGE

33.61 23.57 19.36 30.12 63.05 26.15 41.23 96.76 19.58 2.33 342.73 135.98 79.28 68.04 14.72 41.22 24.22 58.51 23.36 33.05

+ 1.83 + 1.07 + 1.06 + 1.05 + 1.04 + 0.74 + 0.71 + 0.69 + 0.29 + 0.17 - 26.76 - 5.81 - 5.69 - 5.14 - 4.25 - 3.54 - 3.52 - 3.36 - 2.56 - 2.43

GLOBAL MINING NEWS

THE NORTHERN MINER / SEPTEMBER 27—OCTOBER 10, 2021

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

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 26 2021 (change from August 19, 2021 in brackets): Aluminium Alloy 1820 (0) Aluminium 1306950 (-2750) Copper 254300 (+9175) Lead 56725 (-325) Nickel 196290 (-2196) Tin 1635 (-225) Zinc 239650 (+11300)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$65.80 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$13.35 Cobalt: US$23.19/lb. Copper: US$4.28 Copper: CME Group Futures October 2021: US$4.12/lb.; November 2021: US$4.12/lb Iridium: NY Dealer Mid-mkt US$5,000.00/tr oz. Iron Ore 62% Fe CFR China-S: US$100.80 Lead: US$1.00/lb. Rhodium: Mid-mkt US$12,600.00 tr. oz. Ruthenium: Mid-mkt US$675.00/tr. oz. Silver: Handy & Harman Base: US$22.50 per oz.; Handy & Harman Fabricated: US$28.12 per oz. Tin: US$16.05/lb. Uranium: U3O8, Trade Tech spot price: US$42.50 per lb. U308 Zinc: US$1.41 per lb. Prices current Sept. 20, 2021

*Current metal stocks held in London Metal Exchange warehouses were unavailable at presstime.

TSX SHORT POSITIONS Short positions outstanding as of August 31, 2021 (with changes from August 15, 2021) Largest short positions Ivanhoe Mines IVN 16909003 -56077 Suncor Energy SU 15311550 -474458 New Gold NGD 13184151 -1411111 Argonaut Gold AR 12923055 147190 Nexgen Energy NXE 11710273 432304 Lundin Mng LUN 8610999 -2339889 First Quantum FM 8411133 -1090254 Kinross Gold K 8394923 -604368 Yamana Gold YRI 8312164 825262 B2Gold Corp BTO 8108240 3104099 Fortuna Silvr FVI 8079392 -722354 Equinox Gold EQX 7841085 -2518 Fission Uran FCU 7640931 -351180 Wheaton Prec WPM 7403257 -136075 Nthn Dynasty NDM 6225686 2133 Largest increase in short position B2Gold Corp BTO 8108240 3104099 IAMGOLD IMG 4238136 913947 Yamana Gold YRI 8312164 825262 Sandstorm Gold SSL 4713451 574350 GoGold Res GGD 1146397 543722 Largest decrease in short position Lundin Mng LUN 8610999 -2339889 Barrick Gold ABX 6157383 -2122829 New Gold NGD 13184151 -1411111 First Quantum FM 8411133 -1090254 Azarga Uranium AZZ 1561862 -1043791

TSX VENTURE SHORT POSITIONS Short positions outstanding as of August 31, 2021 (with changes from August 15, 2021) Largest short positions GR Silver GRSL 4447528 1298076 Contact Gold C 3398897 3398535 First Cobalt FCC 1905753 1819350 Uragold Bay Rs HPQ 1663966 99132 NEO Battery NBM 1654714 1470369 Leeta Gold HIVE 1417725 89330 Intl Lithium ILC 1282613 903046 Recharge Res RR 1087608 551737 Kanadario Gold GMIN 1006585 997080 Wealth Mnrls WML 990989 249638 Pure Gold Mg PGM 986077 -255317 Noront Res NOT 924069 228347 Japan Gold JG 855143 410 Stelmine Can STH 850325 819558 ZEN Graphene ZEN 844427 44499 Largest increase in short position Contact Gold C 3398897 3398535 First Cobalt FCC 1905753 1819350 NEO Battery NBM 1654714 1470369 GR Silver GRSL 4447528 1298076 Kanadario Gold GMIN 1006585 997080 Largest decrease in short position Santacruz Silv SCZ 136774 -1580443 Millennial Lit ML 301769 -1435167 AbraSilver Res ABRA 376737 -953489 Allegiant Gold AUAU 110667 -915946 Blue Thunder BLUE 25075 -725000

8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021 8/15/2021

DAILY METAL PRICES Date Sep 17 Sep 16 Sep 15 Sep 14 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 2449/2420 2449/2420 2450/2420 2475/2450 Aluminum 2915/2927 2869/2893 2868/2888 2847/2858 Copper 9435.50/9457 9392/9420 9488.50/9505 9407/9416.50 Lead 2214/2206 2247.50/2248 2234.50/2227 2272/2267 Nickel 20060/20000 19530/19485 19850/19840 19640/19625 Tin 35375/34245 34950/34000 34375/33575 34300/33580 Zinc 3110/3122 3064/3075 3052/3067 3015/3024 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.) Gold AM 1766.10 1781.45 1801.40 Gold PM 1755.95 1747.95 1796.95 Silver 23.01 23.47 23.84 Platinum 953.00 937.00 941.00 Palladium 2023.00 2030.00 1994.00

1788.65 1792.75 23.60 951.00 1980.00

Sep. 13 2475/2450 2847/2858 9627/9640 2299/2286 19930/19880 34950/34000 3072.50/3086

1787.85 1793.90 23.58 958.00 2150.00

TSX WARRANTS 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 Aris Gold Corporation (ARIS.WT) - One Warrant to purchase one Common Share of the Issuer at $2.75 until expiry. Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eCobalt 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 Excelsior Mining Corp. (MIN.WT) - One Warrant to purchase one Common Share of the Issuer at $1.25 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

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 Nevada Copper Corp. (NCU.WT.A) - One Warrant to purchase one common share of the Issuer at $0.22 until expiry Nomad Royalty Company Ltd. (NSR.WT) One Warrant to purchase one common share of the Issuer at $1.71 until expiry. Novo Resources Corp. (NOVO.WT.A) One Warrant to purchase one common share of the Issuer at $3.00 until expiry. 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 Treasury Metals Inc. Wt (TML.WT) - One Warrant to purchase one common share of the Issuer at $1.50 until expiry. Trevali Mining Corporation (TV.WT) - One Warrant to purchase one common share of the Issuer at $0.23 until expiry.

TSX VENTURE WARRANTS ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share. Alpha Lithium Corporation (ALLI.WT) One warrant to purchase one common share at $1.10 per share. American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share American Lithium Corp. (LI.WT) - One warrant to purchase one common share at $0.30 per 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. Aurania Resources Ltd. (ARU.WT) - One warrant to purchase one common share at $5.50 per share. Aurania Resources Ltd. (ARU.WT.A) - One warrant to purchase one common share at $4.25 per 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. Cabral Gold Inc. (CBR.WT) - One warrant to purchase one common share at $0.80 per share. Caldas Gold Corp. (CGC.WT) - One warrant to purchase one common share at $2.75 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share. Cordoba Minerals Corp. (CDB.RT) - One (1) Right exercisable for One (1) Rights Share at $0.05 per Share. Denarius Silver Corp. (DSLV.WT) - One warrant to purchase one common share at $0.80 per share. Empress Royalty Corp. (EMPR.WT) - One warrant to purchase one common share at

$0.75 per share. Equinox Gold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share. Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit. Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 per share. Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $0.60 per share. Giga Metals Corporation (GIGA.WT) One warrant to purchase one common share at $0.60 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 LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share. Lion One Metals Limited (LIO.WT) - One warrant to purchase one common share at $2.75 per share. LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit. Mako Mining Corp. (MKO.WT.A) - One warrant to purchase one common share at $0.60 per share. Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per share. Manganese X Energy Corp. (MN.WT) One warrant to purchase one common share at $0.15 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 right to purchase one common share at $4.80 per share. Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share. Mineworx Technologies Ltd. (MWX.RT) One right to purchase one common share at $0.015 per share. Northern Vertex Mining Corp. (NEE.WT) One warrant to purchase one common share at $0.80 per share. Novo Resources Corp. (NVO.WT) - One warrant to purchase one common share at $4.40 per share. Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 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) Forty one (41) Rights exercisable for One (1) Share at $0.15 per Share. Sandfire Resources America Inc. (SFR.RT) Eight (8) Rights exercisable for One (1) share at $0.06 per unit. Star Royalties Ltd. (STRR.WT) - One warrant to purchase one common share at $1.00 per share. Three Valley Copper Corp. (TVC.WT) - 20 warrants to purchase one Class A common share at $6.66 per share. 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. Westhaven Gold Corp. (WHN.WT) - One warrant to purchase one common share at $1.00 per share. Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NORTH AMERICAN STOCK EXCHANGE INDICES 52-week

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

Sep 17 1.2769 0.7831

Sep 16 1.2681 0.7886

Sep 15 1.2618 0.7925

Sep 14 1.2692 0.7879

Exchange rates (Quote Media, September 17, 2021) C$ to AUS C$ to EURO C$ to YEN 1.0751 0.6679 86.2041 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5701 5.0638 57.6721 US to AUS US to EURO US to YEN 1.3735 0.8529 109.9290 US to UK Pound US to China Yuan US to India Rupee 0.7281 6.4662 73.6950

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

Sep 13 1.2649 0.7906

C$ to Mex Peso 15.6910 C$ to Swiss Franc 0.7299 US to Mex Peso 20.0185 US to Swiss Franc 0.9322

C$ to SA Rand 11.5307 C$ to S. Korea Won 925.6442 US to SA Rand 14.7468 US to S. Korea Won 1182.0200

CANADIAN GOLD MUTUAL FUNDS FundName Sep 17 ($) BMO Prec Mtls Fd A 23.34 BMO ZGD 64.80 BMO ZJG 62.10 CI Pre Met Fd A 51.34 CIBC Prec Metal Fd A 13.61 Dyn Prec Metls Fd A 11.35 Harvest HGGG 25.73 Horizons HEP 27.39 IG MacGbPreMetCl A 14.03 iShares XGD 17.18 NBI PrecMetFd Invt 18.23 NPT Go&PrMinFd A 49.82 NPT SilverEquCl A 8.49 Prec Met Fd A 60.73 RBC GblPreMetFd A 53.47 RBC GblPreMetFd Adv 53.83 TD Prec Mtl Fd Inv 43.91

Sep 10 ($) 23.86 65.41 62.22 52.94 13.93 11.80 26.15 28.04 14.37 17.62 18.82 50.63 8.90 62.22 55.04 55.41 44.88

Change ($) -0.52 -0.61 -0.12 -1.60 -0.31 -0.45 -0.43 -0.64 -0.33 -0.43 -0.59 -0.81 -0.41 -1.49 -1.57 -1.58 -0.97

Change (%) -2.17 -0.93 -0.19 -3.03 -2.25 -3.81 -1.63 -2.29 -2.32 -2.47 -3.13 -1.60 -4.60 -2.40 -2.85 -2.85 -2.16

YTDChange (%) -8.96 -14.34 -16.98 -5.33 -8.22 -11.88 -12.97 -8.49 -8.56 -6.93 -9.19 -14.01 -18.36 -8.66 -11.66 -11.68 -9.67

GLOBAL MINING NEWS · SINCE 1915

MER (%) 2.40 0.55 0.55 2.31 2.29 2.73 0.68 0.81 2.64 0.61 2.46 3.19 2.98 2.52 2.09 2.12 2.26

TotalAssets (M$) 55.89 105.19 78.10 369.86 60.32 571.81 6.75 25.66 1124.35 29.17

439.97 2.14 130.96

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

Sep 16 20602.10 895.90 1231.76 274.87 244.69

Sep 15 20693.79 904.70 1237.06 285.96 256.27

Sep 14 20553.25 897.40 1228.46 286.21 255.52

Sep 13 20666.41 902.47 1236.52 284.38 254.63

High 20897.57 1113.64 1251.17 387.96 335.94

Low 15418.46 665.14 919.76 267.29 242.52

NEW 52-WEEK HIGHS AND LOWS SEPTEMBER 13—17, 2021 124 New Highs Advance United Alcoa* Alliance Res* Alumina Ltd* American Pac Anfield Energy Anfield Energy* Apollo Silver* Asante Gold* Azarga Uranium Azarga Uranium* Bannerman Res* Blue Sky Uran Blue Sky Uran* Brookmount Exp* Bryn Res* C3 Metals C3 Metals* Cameco Corp Cameco Corp* Cassius Vents Cipher Mining* Comet Inds Cons Uranium CONSOL Energy* Core Assets EnCore Energy Energy Fuels Energy Fuels* Fission 3.0 Fission 3.0* Fission Uran Fission Uran* Forsys Metals Fort St James Forum Energy Forum Energy* Fredonia Mg Gensource Pot Global Atomic Global Atomic* Golden Dawn Ml Golden Dawn Ml*

Golden Valley* GoviEx Uranium GoviEx Uranium* Gungnir Res Gungnir Res* Intl Prospect InZinc Mining InZinc Mining* IsoEnergy Ltd Itoco Inc* Kenadyr Metals* Kiplin Metals Kiplin Metals* Laramide Res Lida Resources* Lynas Corp* Marathon Gold Mega Uranium Mega Uranium* Meridian Mg Meridian Mg * Minsud Res Morien Res Morien Res* Neo Lithium Neometals* Nexgen Energy Nexgen Energy* Noront Res* Northern Uran Nutrien Optimum Vent Optimum Vent* Orea Mining Orea Mining* Orford Mining Paladin Energy* Pine Cliff En Pine Cliff En* Prime Mining Prime Mining* Prospect Ridge Puma Expl Puma Expl*

Ready Set Gold* Reunion Gold Reunion Gold* Silverstock Skyharbour Res Skyharbour Res* Slam Explor Slam Explor* Solstice Gold Standard Uran Standard Uran* Surge Battery Surge Battery* Teck Res Teck Res* Trailbreaker Trailbreaker* U3O8 Corp U3O8 Corp* UEX Corp Ur-Energy Ur-Energy* Uranium Energy* Uranium Roylty Uranium Roylty* Uravan Mnrls Uravan Mnrls* Usha Res Vanadian Enrgy Virginia Enrgy Virginia Enrgy* Walker Lane* Western U&V Western U&V* Whitehaven Coa* Xemplar Egy* ZEN Graphene* 136 New Lows Abacus Mining* Abcourt Mines Adyton Res Agnico Eagle Agnico Eagle* Alianza Min*

American CuMo Americas Silvr Americas Silvr* Andean Prec AngloGold Ash* Aris Gold Aurania Res Austin Res Avino Silver B2Gold Corp B2Gold Corp* Barrick Gold Barrick Gold* Bathurst Met Bear Creek Mng Bear Creek Mng* Brixton Metals Brixton Metals* Brookmount Exp* Cairo Res Califfi Cap Canada Silver Canada Silver* Cdn Palladium Cdn Palladium* Centamin Chesapeake Gld Comet Inds Copper Fox Mtl Defiance Silvr Defiance Silvr* Discovery Silv Discovery Silv* DRDGOLD* Duro Metals Eldorado Gold Eldorado Gold* Excellon Res Excellon Res* Fairchild Gold First Idaho First Mg Fin First Mg Fin * Fury Gold

Galane Gold Galane Gold * Galiano Gold Galiano Gold* GFM Res Gold Fields* Gold Line Res Golden Goliath Golden Indepen Golden Mnls Golden Tag Golden Tag* Goldshore Res GR Silver GR Silver* Great Quest Fe Highbury Proj Hylands Intl Integra Res* Interconnect Intl Tower Hil Intl Tower Hil* Irving Res Irving Res* Jaguar Mng K2 Gold Kesselrun Res Kinross Gold Kinross Gold* Kootenay Silvr Kootenay Silvr* Kore Mining Kore Mining * Leocor Gold Lumina Gold* MacDonald Mns* Magna Gold Magna Gold* Mammoth Res Mawson Res Mayfair Gold MegaWatt Lith* Melkior Res Metallic Mnrls

Metallic Mnrls* MGX Minerals* Midland Expl Millennial Pr Millrock Res Minaurum Gold* Nevada King* Nighthawk Gold Noka Res* Norrland Gold NovaGold Res NuLegacy Gold NuLegacy Gold* Orex Mnrls Orex Mnrls* Osisko Mng Inc Outcrop S&G* Pac Arc Res Pacton Gold Parallel Mng Perpetua Res* Pure Gold Mg QC Copper Questex Gold* Reyna Silver* Riverside Res* Scottie Res Talisker Res Timberline Res* Tocvan Venture* Transition Met Trillium Gold Triple Flag Troilus Gold Troilus Gold* TRU Precious Tundra Gold* Turmalina Met Venerable Vent West Oak Gold Westhaven Gold White Gold

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

Sep 17 20490.36 886.83 1224.44 274.04 244.69

LEGEND A C L N O Q T V X *

– – – – – – – – – –

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

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: SEPTEMBER 13—17, 2021 (100s) Stock

WWW.NORTHERNMINER.COM

SEPTEMBER 27—OCTOBER 10, 2021 / THE NORTHERN MINER

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1844 Resources 1911 Gold* 1911 Gold 55 North 79North A.I.S Res* A.I.S Res Abacus Mining* Abacus Mining Abcourt Mines* Abcourt Mines Aben Resources Aben Resources* Abitibi Royal Abitibi Royal* AbraSilver Res* AbraSilver Res Academy Metals ACME Lithium Adamera Min Adamera Min* Adex Mining Advance Gold Advance United Adventus Adventus* Adyton Res AEX Gold Affinity Metal* African Gold African Gold* African Metals African Min* African Rainbo* Aftermath Silv* Agnico Eagle* Agnico Eagle AgriMinco* Aguila Amer Gd* Aguila Amer Gd Aiml Res* AJN Resources Alamos Gold Alamos Gold* Alcoa* Aldebaran Res Aldebaran Res* Alexandra Cap* Alexco Res Alexco Res* Alianza Min Alianza Min* Alien Metals* All American* Allegiant Gold Allegiant Gold* Alliance Mng Alliance Res* Allied Copper Almaden Min Almaden Min* Almadex Min* Almadex Min Almonty Ind Almonty Ind * Aloro Mining* Aloro Mining Alpha Lithium Alphamin Res * Alphamin Res Altai Resource Altai Resource* Altair Res Inc* Altair Res Inc Altaley Mining Altaley Mining* Altamira Gold* Altamira Gold Altan Nevada Altan Rio Min Altiplano Met Altiplano Met* Altius Mnrls Altius Mnrls * Alto Ventures Alto Ventures* Altura Mining* Alturas Min Altus Strat Altus Strat* Alumina Ltd* ALX Resources ALX Resources* AM Resources Amani Gold* Amarc Res Amarc Res* Amarillo Gold Amarillo Gold* Amer Intl Vent* American Creek* American Creek American CuMo* American CuMo American Eagle American Lith* American Lith American Mang American Mang* American Pac AmericanSierra* Americas Silvr* Americas Silvr Amerigo Res Amerigo Res* Ameriwest Lith* Ameriwest Lith Amex Expl Amex Expl* Amilot Capital AmmPower AmmPower* Amseco Expl AMV Capital Anaconda Mng* Anaconda Mng Andean Prec Andes Gold* Andover Mng* Anfield Energy* Anfield Energy Angel Gold* Angel Gold Angkor Gold* Angkor Res Anglo American* Anglo American* Anglo Pac Grp AngloGold Ash* AngloGold Ash* Angold Res* Angold Res Angus Gold* Angus Gold Antioquia Gold* Antioquia Gold Antler Gold * Antler Gold Antler Hill Antofagasta* Apex Res * Apogee Min Apollo Silver Apollo Silver* Appia Energy* Appia Energy Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Resources* Archer Explor Archon Mineral Arcland Res ArcPacific Res ArcPacific Res* Arctic Star* Arctic Star Arcturus Vent* Arcus Dev Grp* Arcus Dev Grp Arcwest Explor Arcwest Explor* Arena Min*

V 1603 O 99 V 116 C 608 C 113 O 279 V 443 O 530 V 251 O 211 V 820 V 1142 O 703 V 54 O 17 O 4752 V 6595 V 11 C 148 V 221 O 318 V 69 V 1546 C 145 V 350 O 49 V 70 V 633 O 20 V 495 O 21 V 14 O 236 O 0 O 1335 N 7457 T 4792 O 0 O 14 V 21 O 93 C 144 T 3415 N 13062 N 43113 V 22 O 9 O 362 T 936 X 3477 V 508 O 158 O 68 O 285082 V 290 O 285 V 53 D 2080 V 0 T 67 X 2720 O 109 V 96 T 182 O 54 O 2 V 64 V 1622 O 3050 V 4128 V 45 O 25 O 2 V 587 V 680 O 213 O 555 V 598 V 140 V 50 V 341 O 85 T 281 O 84 V 1010 O 315 O 208 V 37 V 19 O 3 O 92 V 5944 O 1524 V 1332 O 2750782 V 329 O 287 V 521 O 682 O 184 O 224 V 527 O 61 V 192 V 104 O 1776 V 3222 V 860 O 1132 C 3191 O 41 X 9297 T 2394 T 1040 O 207 O 2628 C 1630 V 327 O 169 V 112 C 1306 O 1046 V 404 V 20 O 145 T 407 V 135 O 6 O 974 O 7533 V 12799 O 44 V 297 O 20 V 1399 O 1067 O 4 T 36 O 2 N 23324 O 0 V 340 O 21 V 53 O 15 V 260 O 12 V 636 V 0 O 5 O 36 V 95 V 2224 O 1571 O 2081 C 2039 O 918 O 337 T 304 V 13 N 1827 C 15 V 0 V 4 V 649 O 114 O 72 V 4626 O 46 O 30 V 191 V 87 O 50 O 2078

0.11 0.28 0.35 0.07 0.13 0.05 0.06 0.12 0.15 0.09 0.12 0.06 0.05 26.31 20.60 0.33 0.42 0.58 1.34 0.08 0.07 0.02 0.07 0.80 0.93 0.74 0.09 0.49 0.09 0.16 0.13 0.10 0.00 17.38 0.38 56.65 71.76 0.00 0.19 0.22 0.64 0.28 10.03 7.93 51.89 0.61 0.49 0.25 2.25 1.78 0.09 0.07 0.01 0.00 0.40 0.31 0.45 10.13 0.00 0.54 0.42 0.20 0.25 0.94 0.74 0.05 0.07 0.74 0.64 0.81 0.07 0.05 0.10 0.12 0.54 0.43 0.19 0.25 0.02 0.15 0.32 0.25 16.80 13.33 0.32 0.26 0.11 0.03 1.48 1.11 6.62 0.13 0.10 0.05 0.00 0.13 0.11 0.30 0.24 0.02 0.17 0.21 0.04 0.05 0.16 2.21 2.67 1.32 1.08 1.05 0.06 1.13 1.42 1.33 1.05 1.00 1.18 2.55 2.01 0.04 0.67 0.53 0.07 0.13 0.61 0.76 1.31 0.00 0.00 0.18 0.23 0.02 0.02 0.05 0.06 21.60 42.39 2.55 15.50 15.85 0.00 0.25 0.84 0.91 0.04 0.04 0.10 0.13 0.00 19.80 0.02 0.11 0.99 1.00 0.74 0.95 0.02 0.07 0.09 2.05 86.56 0.30 0.00 0.22 0.08 0.12 0.10 0.14 0.02 0.02 0.04 0.09 0.07 0.20

0.10 0.25 0.32 0.05 0.12 0.04 0.06 0.08 0.11 0.07 0.10 0.05 0.04 24.55 19.58 0.30 0.38 0.50 1.10 0.06 0.05 0.02 0.00 0.70 0.88 0.69 0.00 0.00 0.09 0.14 0.00 0.00 0.00 17.38 0.32 53.01 67.20 0.00 0.16 0.00 0.54 0.26 9.30 7.34 47.47 0.55 0.44 0.22 2.04 1.60 0.08 0.06 0.01 0.00 0.34 0.25 0.30 9.03 0.00 0.00 0.39 0.18 0.23 0.91 0.72 0.05 0.00 0.49 0.60 0.76 0.00 0.05 0.10 0.11 0.50 0.40 0.16 0.21 0.00 0.13 0.27 0.22 15.60 12.19 0.28 0.22 0.03 0.02 0.00 1.02 5.93 0.10 0.07 0.00 0.00 0.11 0.09 0.27 0.21 0.00 0.15 0.20 0.04 0.00 0.00 1.88 2.41 1.13 0.89 0.79 0.00 0.94 1.15 1.24 0.98 0.62 0.78 2.27 1.78 0.00 0.62 0.49 0.07 0.00 0.54 0.68 1.16 0.00 0.00 0.12 0.16 0.00 0.00 0.04 0.05 17.87 0.00 2.40 15.50 14.57 0.00 0.23 0.69 0.88 0.03 0.00 0.09 0.12 0.00 0.00 0.00 0.10 0.81 0.64 0.60 0.76 0.02 0.00 0.08 1.95 77.01 0.00 0.00 0.00 0.07 0.05 0.00 0.10 0.00 0.02 0.00 0.08 0.07 0.17

0.10 unch 0.26 0.33 unch 0.05 0.12 0.04 0.06 0.12 + 0.13 + 0.08 0.10 0.06 unch 0.04 26.27 + 20.40 0.32 0.41 unch 0.57 + 1.25 0.06 0.05 0.02 unch 0.07 + 0.80 + 0.89 0.71 0.08 0.46 0.09 unch 0.14 0.11 0.10 + 0.00 17.38 unch 0.35 53.23 67.82 0.00 unch 0.16 0.20 + 0.58 0.26 9.47 + 7.45 + 48.83 0.55 0.46 0.25 + 2.18 + 1.69 + 0.08 unch 0.06 0.01 0.00 + 0.35 0.27 0.40 + 9.64 + 0.41 unch 0.51 unch 0.40 0.18 + 0.23 0.93 0.73 + 0.05 0.07 unch 0.74 + 0.63 + 0.79 unch 0.07 unch 0.05 unch 0.10 + 0.11 0.51 0.41 0.19 + 0.23 unch 0.02 unch 0.15 + 0.30 unch 0.23 15.69 12.33 0.28 0.22 0.03 unch 0.03 + 1.48 + 1.02 6.04 0.10 + 0.08 + 0.05 0.00 0.13 + 0.10 + 0.27 0.22 0.02 0.16 0.20 0.04 0.05 unch 0.15 1.97 2.51 1.16 0.91 0.89 + 0.04 + 0.95 1.15 1.27 + 0.98 + 0.71 0.90 2.29 1.79 0.04 unch 0.65 0.51 0.07 unch 0.13 unch 0.55 0.71 1.17 0.00 unch 0.00 0.13 0.16 0.01 unch 0.02 unch 0.05 + 0.06 + 18.06 35.86 2.41 + 15.50 unch 14.78 0.18 unch 0.23 0.69 0.90 unch 0.04 + 0.04 + 0.10 + 0.13 unch 0.18 unch 19.48 0.02 + 0.10 unch 0.83 0.66 0.65 0.80 0.02 + 0.06 0.08 + 2.00 79.28 0.28 unch 0.21 unch 0.22 + 0.07 0.05 0.08 0.10 0.02 + 0.02 unch 0.03 unch 0.09 0.07 unch 0.18 -

0.00 0.11 0.05 0.01 0.90 0.25 0.00 0.90 0.31 0.03 0.23 0.05 0.01 0.16 0.08 0.00 0.11 0.04 0.01 0.11 0.06 0.02 0.18 0.08 0.01 0.24 0.10 0.01 0.18 0.08 0.02 0.24 0.10 0.00 0.11 0.05 0.00 0.08 0.04 0.12 26.75 20.05 0.23 20.82 15.48 0.00 0.68 0.19 0.00 0.82 0.26 0.06 3.00 0.50 0.02 1.34 0.31 0.02 0.12 0.05 0.01 0.10 0.04 0.00 0.04 0.01 0.02 0.16 0.05 0.10 0.80 0.15 0.04 1.34 0.80 0.04 1.06 0.62 0.01 0.40 0.08 0.04 1.00 0.44 0.00 0.25 0.08 0.02 0.26 0.11 0.01 0.24 0.01 0.01 0.18 0.06 0.00 0.02 0.00 0.00 18.00 12.05 0.03 1.37 0.29 1.94 86.75 53.42 2.13 114.49 67.78 0.00 0.13 0.00 0.00 0.53 0.16 0.01 0.67 0.19 0.05 0.79 0.39 0.01 0.45 0.15 0.05 13.39 8.89 0.01 10.21 7.02 0.67 51.89 10.98 0.07 0.74 0.33 0.04 0.70 0.24 0.02 1.45 0.13 0.05 4.38 2.03 0.03 3.45 1.58 0.00 0.25 0.08 0.01 0.19 0.06 0.00 0.04 0.01 0.00 0.02 0.00 0.05 0.56 0.23 0.03 0.46 0.18 0.10 1.15 0.13 0.31 10.13 2.63 0.00 0.68 0.15 0.00 1.60 0.47 0.01 1.24 0.36 0.00 0.29 0.14 0.02 0.36 0.20 0.01 1.30 0.58 0.00 1.07 0.40 0.00 0.13 0.01 0.00 0.09 0.04 0.26 1.16 0.45 0.01 0.73 0.14 0.00 0.87 0.18 0.00 0.11 0.06 0.00 0.06 0.05 0.00 0.13 0.02 0.02 0.19 0.01 0.01 0.80 0.15 0.01 0.79 0.12 0.01 0.42 0.08 0.00 0.47 0.12 0.00 0.05 0.01 0.02 0.22 0.09 0.00 0.50 0.16 0.01 0.36 0.10 1.05 19.39 9.63 0.91 16.00 7.16 0.03 0.43 0.09 0.03 0.34 0.08 0.00 0.50 0.00 0.01 0.05 0.01 0.18 1.66 0.86 0.09 1.29 0.62 0.46 6.62 3.83 0.02 0.13 0.05 0.01 0.10 0.03 0.01 0.09 0.03 0.00 0.01 0.00 0.01 0.20 0.04 0.01 0.16 0.03 0.04 0.38 0.24 0.02 0.30 0.20 0.00 0.08 0.01 0.01 0.35 0.15 0.01 0.44 0.19 0.00 0.08 0.02 0.00 0.10 0.03 0.01 0.40 0.12 0.03 3.32 0.60 0.04 4.21 0.81 0.13 2.86 0.18 0.11 2.25 0.13 0.11 1.03 0.13 0.01 0.06 0.01 0.02 3.46 0.95 0.09 4.40 1.21 0.03 1.61 0.49 0.00 1.35 0.37 0.22 1.00 0.56 0.28 1.25 0.13 0.19 4.19 2.19 0.15 3.26 1.73 0.00 0.08 0.04 0.01 2.15 0.30 0.03 1.90 0.47 0.00 0.12 0.02 0.00 0.26 0.11 0.04 0.85 0.34 0.04 1.05 0.45 0.09 2.03 1.18 0.00 0.02 0.00 0.00 0.07 0.00 0.02 0.18 0.03 0.04 0.23 0.05 0.00 0.03 0.01 0.00 0.04 0.02 0.00 0.08 0.03 0.01 0.10 0.05 3.19 24.75 11.47 5.94 49.42 22.94 0.01 2.90 1.75 0.00 27.71 15.45 0.51 30.30 14.61 0.00 0.34 0.15 0.03 0.53 0.22 0.01 1.25 0.43 0.00 1.51 0.54 0.01 0.06 0.03 0.01 0.07 0.04 0.01 0.55 0.08 0.00 0.33 0.09 0.00 0.72 27.80 13.03 0.01 0.11 0.01 0.00 0.14 0.10 0.08 1.15 0.38 0.06 1.00 0.33 0.05 1.00 0.22 0.09 1.22 0.29 0.00 0.14 0.01 0.00 0.13 0.04 0.01 0.17 0.06 0.10 2.63 1.63 5.69 87.50 27.86 0.00 0.75 0.08 0.00 0.40 0.17 0.04 0.38 0.14 0.01 0.25 0.06 0.02 0.52 0.05 0.02 0.24 0.02 0.04 0.29 0.03 0.00 0.10 0.00 0.00 0.03 0.01 0.00 0.04 0.02 0.01 0.17 0.07 0.00 0.11 0.05 0.01 0.21 0.01

(100s) Stock

Exc Volume

Arena Min Argentina Lith* Argentina Lith Argentum Silvr Argo Gold Argo Gold* Argonaut Gold* Argonaut Gold Arian Res* Arianne Phosph Arianne Phosph* Aris Gold Arizona Gold* Arizona Gold Arizona Metals Arizona Metals* Arizona Silver* Arizona Silver Armor Min Armor Min* Artemis Gold Artemis Gold* Asante Gold* Asante Gold Asbestos Corp Ascendant Res* Ascendant Res Ascot Res * Ascot Res Ashanti Sanko AsiaBaseMetals Asiamet Res* Aston Bay* Aston Bay ATAC Res* ATAC Res Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Silver* Atico Mining* Atico Mining Atlanta Gold* Atlas Cons Mng* Atlas Salt Atlas Salt* Aton Resources Augusta Gold Augusta Gold* AUQ Gold* 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* Aurwest Res AURYN Mining* Aust Goldfield* Aust Mines* Austin Res Austral Gold* Austral Gold Auxico Res* Auxico Res Avalon Advance* Avalon Advance Avarone Metals* Avidian Gold* Avidian Gold Avino Silver* Avino Silver Avrupa Min* Avrupa Min Awale Res Axmin Inc Axmin Inc* Aya Gold* 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 V C O O T O V O T O T V O O V V O V O O C V O T O T V V O O V O V O T O V O O V O O V O V T O O T O O V V O V O V O O V V O C O O O V O V O C O T O O V X T O V V V O O O V T O V O O V V O O V O

4780 1622 2478 6 166 1 738 3420 40 302 117 115 45 1334 472 62 221 338 7 5 546 136 18 1435 0 14 1614 634 990 75 18 3 171 207 127 392 5931 6 583 531 113 68 143 0 0 1033 25 30 89 39 2 75 8 102 126 764 1171 134 50 118 22 61 214 3 0 202 10 4 666 21 30 85 123 568 1007 1455 80 17 329 3581 272 304 262 2421 168 74 119 89 588 13996 2557 321 86 4458 13822 109 152 204 360 218

Week Last

12-month

High

Low

Change

0.25 0.24 0.30 0.21 0.16 0.13 2.56 3.24 0.00 0.38 0.30 1.76 0.10 0.13 4.05 3.20 0.16 0.22 0.64 0.48 5.50 4.34 0.87 1.09 0.00 0.19 0.26 0.96 1.25 0.03 0.16 0.00 0.04 0.05 0.12 0.14 0.03 6.00 0.15 0.19 0.10 0.43 0.55 0.00 0.00 0.89 0.70 0.23 1.64 1.32 0.19 15.38 11.96 1.93 2.44 0.79 0.65 0.19 0.13 0.34 0.27 0.62 0.77 0.07 0.00 0.16 0.87 0.12 0.02 0.09 0.09 0.12 1.37 1.72 0.10 0.12 0.02 0.11 0.14 0.95 1.20 0.06 0.08 0.05 0.06 0.04 8.80 0.05 0.06 0.80 0.63 2.39 1.87 0.10 0.12 0.30 0.23 0.00 0.10 0.08

0.22 0.24 + 0.14 0.20 + 0.19 0.26 + 0.00 0.21 unch 0.15 0.15 + 0.00 0.13 + 2.37 2.41 + 3.00 3.09 + 0.00 0.00 unch 0.33 0.34 0.26 0.27 1.60 1.63 0.07 0.08 0.10 0.10 3.64 3.75 2.87 2.94 0.15 0.16 0.19 0.20 0.58 0.58 unch 0.48 0.48 unch 5.25 5.40 + 4.04 4.23 + 0.00 0.87 + 1.02 1.09 + 0.00 0.68 unch 0.17 0.18 0.21 0.25 0.90 0.95 + 1.14 1.25 + 0.00 0.03 unch 0.00 0.16 unch 0.00 0.00 unch 0.03 0.03 0.04 0.04 0.10 0.10 0.13 0.13 0.02 0.03 + 5.45 5.51 0.13 0.13 0.16 0.16 0.08 0.09 + 0.40 0.40 0.51 0.52 0.00 0.00 unch 0.00 2.02 unch 0.69 0.74 0.56 0.56 0.00 0.23 unch 1.35 1.47 1.11 1.17 + 0.19 0.19 unch 13.66 13.66 0.00 11.55 1.71 1.90 + 2.16 2.35 0.70 0.72 0.56 0.56 0.16 0.19 + 0.13 0.13 unch 0.00 0.34 unch 0.25 0.26 0.54 0.60 + 0.74 0.76 + 0.00 0.07 unch 0.00 0.11 unch 0.15 0.15 unch 0.67 0.69 + 0.00 0.12 0.02 0.02 0.00 0.09 unch 0.09 0.09 0.00 0.11 1.17 1.23 1.48 1.64 0.08 0.09 0.11 0.12 + 0.02 0.02 unch 0.10 0.11 0.12 0.14 0.83 0.86 1.06 1.10 0.06 0.06 + 0.07 0.08 + 0.00 0.05 0.05 0.06 + 0.04 0.04 + 7.00 7.00 0.00 0.04 0.06 0.06 0.63 0.67 unch 0.50 0.52 2.08 2.19 1.61 1.68 0.07 0.08 + 0.10 0.10 + 0.27 0.28 unch 0.21 0.22 + 0.00 0.00 0.00 0.09 + 0.06 0.07 +

0.01 0.06 0.07 0.00 0.01 0.01 0.04 0.09 0.00 0.01 0.00 0.12 0.03 0.02 0.28 0.25 0.00 0.02 0.00 0.00 0.20 0.15 0.05 0.05 0.00 0.02 0.01 0.02 0.07 0.00 0.00 0.00 0.00 0.01 0.01 0.02 0.00 0.33 0.01 0.02 0.01 0.02 0.02 0.00 0.00 0.13 0.13 0.00 0.01 0.01 0.00 0.45 0.45 0.02 0.06 0.07 0.06 0.04 0.00 0.00 0.01 0.03 0.01 0.00 0.00 0.00 0.02 0.02 0.00 0.00 0.00 0.01 0.15 0.10 0.00 0.01 0.00 0.01 0.01 0.08 0.10 0.00 0.01 0.01 0.01 0.00 1.08 0.01 0.01 0.00 0.00 0.11 0.13 0.01 0.01 0.00 0.00 0.00 0.01 0.00

Stock

0.27 0.26 0.33 0.35 0.26 0.19 2.91 3.45 0.40 0.60 0.50 3.29 0.12 0.16 5.55 4.53 0.33 0.41 0.89 0.48 7.64 5.96 0.85 1.10 0.68 0.55 0.34 1.33 1.63 0.06 0.30 0.09 0.06 0.06 0.25 0.33 0.05 6.51 0.27 0.34 0.23 0.65 0.78 0.08 2.98 1.42 1.11 0.40 3.60 2.79 0.44 17.98 14.31 4.31 5.75 1.25 0.99 0.33 0.25 1.20 0.51 1.09 1.43 0.10 0.14 0.22 1.00 0.80 0.04 0.13 0.69 0.33 1.50 1.85 0.25 0.36 0.05 0.40 0.31 2.82 3.60 0.16 0.16 0.19 0.11 0.08 9.44 0.12 0.17 0.80 0.63 2.49 1.98 0.14 0.18 0.52 0.41 0.05 0.23 0.17

Blackwolf Cop* Blind Creek BLOX Inc* Blue Lagoon Blue Lagoon* Blue Moon Blue Moon* Blue River Res Blue River Res* Blue Sky Uran* Blue Sky Uran Blue Star Gold Blue Thunder BlueBird Batt* BlueBird Batt Bluejay Mining* Bluestone Res Bluestone Res* BMEX Gold BMEX Gold* Bold Ventures Bolt Metals* Bolt Metals 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 Bravo Multinat* Brazil Min* Brigadier Gold* Brigadier Gold BrightRock* Britannia Mng* Brixton Metals* Brixton Metals Brookmount Exp* Brunswick Expl Bryn Res* BTU Metals* BTU Metals Buenaventura* Buffalo Coal * Buffalo Coal Bullet Explor Bullion Gold* Bunker Hill Burrell Res Bushveld Min* BWR Explor

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

C2C Gold* C3 Metals* C3 Metals Cabral Gold* Cabral Gold Cache Explor* Cadence Min* Cadillac Vent Cairo Res Caledonia Mng* Calibre Mng Calibre Mng* Califfi Cap Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Camino Min Camino Min* Camrova Res Camrova Res* Canada Carbon Canada Carbon* Canada Nickel Canada Nickel* Canada One* Canada One Canada Rare Canada Rare* Canada Silver* Canada Silver Canadian Metal* Canadian Metal Canadian Prem Canadian Prem* Canadian Silv Canagold Res* Canagold Res CanAlaska Uran* CanAlaska Uran Canamex Gold* Canasil Res Candelaria Mg Candelaria Mg* Candente Coppr Candente Gold Candente Gold* CANEX Metals CANEX Metals * CaNickel Mng Canoe Mng Vent* Canoe Mng Vent Canstar Res* Canstar Res Canterra Min* Canterra Min Cantex Mn Dev Cantex Mn Dev* Canuc Res Canuc Res* Capella Min* Capella Min Capitan Mining Capitan Mining* Capstone Mng Cardero Res* Cardero Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Casa Minerals * Cascada Silver Cascadero Copp Cassiar Gold Cassius Vents Castle Peak Mg CAT Strategic CAT Strategic* CAVU Mining Cdn Goldcamps* Cdn Goldcamps Cdn Palladium* Cdn Palladium CellCube Enrgy* Centamin Centaurus Diam* Centerra Gold Central Afric Central Afric* Central Asia* Central Iron Centurion Mnls Century Cobalt* Century Global Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande* Cerro Grande Cerro Mng Ceylon Graph* Ceylon Graph Chakana Copper Chakana Copper* Chalice Gold M* Champion Bear* Champion Bear Champion Iron* Champion Iron Chatham Rock Chesapeake Gld* Chesapeake Gld

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

0.02 0.04 0.07 0.15 0.12 0.10 1.50 1.90 0.00 0.13 0.10 1.65 0.07 0.09 0.55 0.46 0.13 0.17 0.56 0.45 4.86 3.40 0.06 0.08 0.46 0.06 0.08 0.67 0.84 0.02 0.13 0.00 0.03 0.04 0.10 0.13 0.01 2.50 0.08 0.11 0.04 0.29 0.39 0.00 2.02 0.07 0.48 0.18 1.30 1.05 0.18 11.30 8.73 1.71 2.16 0.62 0.49 0.04 0.04 0.30 0.25 0.43 0.72 0.03 0.11 0.04 0.16 0.01 0.01 0.08 0.05 0.11 0.00 0.13 0.08 0.06 0.02 0.09 0.11 0.83 1.08 0.06 0.06 0.04 0.05 0.04 1.72 0.04 0.06 0.16 0.11 0.78 0.60 0.01 0.02 0.25 0.20 0.00 0.08 0.06

B B2Gold Corp* B2Gold Corp Baden Res Bald Eagle Balto Res Bam Bam Res Bam Bam Res* Bannerman Res* Banyan Gold Banyan Gold* Barker Min* Barksdale Res* Barksdale Res Baroyeca Gold Baroyeca Gold* Barrick Gold Barrick Gold* Barsele Min* Barsele Min Baru Gold Baru Gold* Baselode Egy* Baselode Egy Batero Gold Batero Gold* Bathurst Met Battery Min Bayhorse Silvr* Bayhorse Silvr BC Moly BCM Res* BCM Res BE Res Bear Creek Mng Bear Creek Mng* Bearclaw Cap Bearing Lith Bearing Lith* Beauce Gold Bell Copper Bell Copper* Belmont Res* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals * BeMetals Benchmark Met* Benchmark Met Benjamin Hill Benjamin Hill* Benton Res* Benton Res Benz Mining Benz Mining* Bessor Min Bessor Min* Bird River Res Bitterroot Res* Bitterroot Res Black Dragon* Black Hills* Black Iron* Black Iron Black Mammoth* Black Mammoth Black Mountain Black Mountain* Black Shield Black Tusk Res Black Tusk Res* Blackrock Silv* Blackrock Silv Blackwolf Cop

X 43444 T 19775 C 49 V 57 V 663 C 1128 O 1046 O 13937 V 739 O 17 O 399 O 120 V 248 V 107 O 47 T 24775 N 107572 O 18 V 12 V 2270 O 205 O 956 V 1592 V 145 O 26 V 109 V 48 O 3976 V 1958 V 19 O 37 V 189 V 0 V 533 O 222 V 0 V 106 O 170 V 200 V 92 O 48 O 17 V 1371 T 2288 O 2489 O 5 V 121 O 45 V 348 C 143 O 18 O 1002 V 974 V 129 O 2 V 175 O 21 C 250 O 320 V 395 O 0 N 2182 O 79 T 427 O 42 V 13 V 242 O 88 C 1 C 2069 O 740 O 1058 V 927 V 148

3.88 4.91 0.15 0.06 0.19 0.15 0.12 0.30 0.30 0.24 0.01 0.28 0.36 0.24 0.18 25.12 19.82 0.43 0.54 0.11 0.09 0.62 0.79 0.11 0.07 0.14 0.66 0.11 0.13 0.10 0.12 0.15 0.00 1.35 1.10 0.00 0.23 0.18 0.18 0.15 0.12 0.06 0.08 0.58 0.47 0.24 0.32 0.85 1.09 0.37 0.28 0.18 0.22 0.72 0.59 0.06 0.05 0.16 0.09 0.12 0.03 68.50 0.26 0.34 0.12 0.15 0.48 0.39 0.00 0.03 0.02 0.72 0.86 0.77

3.62 3.65 4.60 4.63 0.15 0.15 unch 0.05 0.05 0.00 0.16 0.11 0.15 + 0.08 0.11 + 0.23 0.26 + 0.29 0.29 0.00 0.22 0.00 0.00 0.26 0.27 0.33 0.35 0.19 0.20 0.16 0.16 23.15 23.38 18.26 18.36 0.00 0.41 0.00 0.53 0.10 0.10 unch 0.07 0.08 + 0.51 0.54 + 0.66 0.66 + 0.09 0.11 + 0.07 0.07 unch 0.00 0.13 + 0.00 0.54 0.08 0.09 0.10 0.11 0.10 0.10 unch 0.10 0.10 0.13 0.13 0.00 0.20 unch 1.18 1.18 0.93 0.93 0.00 0.25 unch 0.20 0.23 + 0.16 0.18 + 0.15 0.15 + 0.14 0.15 unch 0.11 0.12 + 0.00 0.05 0.07 0.07 + 0.46 0.46 0.37 0.37 0.22 0.22 0.28 0.30 0.77 0.85 + 0.98 1.09 + 0.35 0.37 + 0.27 0.28 + 0.13 0.17 + 0.17 0.21 + 0.00 0.68 0.53 0.55 0.00 0.05 0.03 0.03 0.14 0.14 0.08 0.08 0.10 0.11 + 0.03 0.03 unch 65.36 65.40 0.25 0.26 + 0.31 0.31 0.11 0.11 0.11 0.13 + 0.00 0.42 + 0.31 0.33 + 0.00 0.15 unch 0.02 0.03 unch 0.02 0.02 0.60 0.61 0.77 0.78 0.68 0.71 -

0.01 0.02 0.00 0.01 0.03 0.04 0.02 0.06 0.01 0.01 0.01 0.00 0.01 0.04 0.01 1.15 0.99 0.04 0.07 0.00 0.01 0.03 0.01 0.02 0.00 0.02 0.14 0.02 0.02 0.00 0.02 0.03 0.00 0.07 0.07 0.00 0.02 0.02 0.01 0.00 0.00 0.00 0.01 0.12 0.07 0.02 0.01 0.04 0.07 0.02 0.01 0.01 0.04 0.05 0.04 0.01 0.02 0.02 0.00 0.01 0.00 1.96 0.01 0.01 0.02 0.02 0.03 0.02 0.00 0.00 0.00 0.06 0.08 0.04

(100s)

High Low

7.14 9.42 0.20 0.16 0.44 0.71 1.12 0.30 0.39 0.90 0.11 0.57 0.70 0.42 0.31 39.95 30.36 0.66 0.82 0.22 0.17 1.15 1.19 0.16 0.13 0.26 0.90 0.25 0.26 0.10 0.22 0.30

3.62 4.60 0.13 0.05 0.06 0.10 0.08 0.02 0.17 0.10 0.00 0.26 0.33 0.16 0.15 23.35 18.40 0.35 0.45 0.06 0.05 0.23 0.30 0.09 0.06 0.10 0.50 0.06 0.08 0.04 0.04 0.06

3.50 2.68 0.60 0.34 0.25 0.44 0.45 0.32 0.15 0.11 1.44 1.10 0.39 0.50 1.36 1.64 0.48 0.52 0.37 0.25 1.40 1.10 0.09 0.05 0.26 0.19 0.25 0.10 72.78 0.62 0.76 0.19 0.26 0.75 0.51 0.15 0.09 0.08 1.03 1.22 1.51

1.21 0.96 0.15 0.11 0.08 0.10 0.14 0.11 0.00 0.05 0.41 0.33 0.20 0.30 0.62 0.83 0.31 0.18 0.10 0.14 0.60 0.46 0.04 0.03 0.04 0.04 0.06 0.02 51.97 0.08 0.10 0.05 0.05 0.35 0.29 0.11 0.02 0.02 0.49 0.62 0.71

Exc Volume

Week High

Low

Last

32 158 2382 455 639 196 48 999 64 4128 10440 26 429 101 598 1084 398 79 101 59 98 84 102 4964 1779 536 115 197 32236 2 181 26 202 157 2092 115 41405 194 912 2207 1609 715 1021 5 94 7036 92 939 7930 8 77 69 195 308 6 135 354

0.59 0.09 0.01 0.58 0.46 0.05 0.04 0.03 0.02 0.29 0.37 0.74 0.05 0.06 0.08 0.18 1.45 1.16 0.19 0.13 0.11 0.21 0.26 0.01 0.07 1.16 0.19 0.24 0.01 0.02 0.04 0.05 0.07 0.06 0.08 0.10 0.01 0.05 0.07 0.08 0.06 0.12 0.16 0.48 0.20 0.06 0.06 0.09 7.45 0.03 0.04 0.09 0.09 0.24 0.22 0.17 0.04

0.55 0.00 0.01 0.52 0.40 0.00 0.00 0.00 0.02 0.23 0.30 0.62 0.04 0.00 0.07 0.15 1.43 1.12 0.00 0.12 0.10 0.00 0.23 0.01 0.06 1.02 0.17 0.21 0.00 0.02 0.00 0.05 0.00 0.05 0.07 0.00 0.01 0.04 0.06 0.04 0.04 0.10 0.14 0.00 0.19 0.01 0.05 0.07 6.60 0.01 0.00 0.00 0.00 0.18 0.22 0.15 0.03

0.55 0.08 0.01 0.52 0.41 0.05 0.04 0.02 0.02 0.24 0.30 0.69 0.04 0.06 0.08 0.17 1.43 1.13 0.16 0.13 0.10 0.18 0.23 0.01 0.06 1.06 0.17 0.21 0.00 0.02 0.04 0.05 0.06 0.05 0.07 0.10 0.01 0.04 0.06 0.06 0.05 0.11 0.14 0.32 0.19 0.03 0.06 0.08 7.21 0.03 0.03 0.09 0.08 0.22 0.22 0.17 0.03

48 28 4595 135 885 32 1 159 0 286 2168 368 111 32 35 78438 14382 341 5 0 2 222 6 854 301 1 63 158 192 408 927 0 36 28 0 96 134 215 2164 3040 4 543 230 5 444 179 181 73 2 5 0 0 229 416 49 42 294 2 91 42 60 1013 163 155 5572 35 156 119 201 3 3987 88 398 593 158 0 661 295 888 39 800 20209 763 57 40 1231 691 3213 536 195 65 2649 753 3 75 297 0 123 25 838 66 912 1 0 0 60 244 75 114 92 60 199 102 2294 5 76 75

0.23 0.19 0.24 0.40 0.52 0.03 0.30 0.07 0.00 12.90 1.58 1.24 0.15 2.72 3.39 26.57 33.61 0.14 0.11 0.00 0.05 0.11 0.09 2.74 2.17 0.08 0.12 0.08 0.07 0.26 0.31 0.00 0.21 0.55 0.00 0.07 0.47 0.57 0.67 0.84 0.01 0.15 0.58 0.49 0.15 0.08 0.06 0.10 0.08 0.15 0.00 0.00 0.34 0.45 0.30 0.38 0.57 0.44 0.20 0.15 0.09 0.12 0.28 0.22 5.62 0.06 0.08 0.06 0.06 0.07 0.03 0.13 0.20 0.26 0.25 0.00 0.04 0.03 0.45 0.17 0.02 0.06 0.06 0.42 0.03 0.05 0.08 0.10 0.04 1.77 0.00 9.45 0.23 0.14 3.29 0.08 0.00 0.02 0.25 1.59 0.27 0.35 0.00 0.00 0.00 0.10 0.13 0.38 0.30 5.64 0.06 0.12 4.12 5.25 0.14 3.10 3.91

12-month Change

(100s)

High Low

Stock

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

0.06 0.01 0.00 0.05 0.05 0.00 0.00 0.00 0.00 0.01 0.02 0.06 0.00 0.00 0.01 0.02 0.00 0.01 0.00 0.01 0.01 0.03 0.04 0.00 0.00 0.06 0.02 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.13 0.02 0.02 0.00 0.01 0.11 0.00 0.01 0.00 0.02 0.01 0.00 0.01 0.01

1.75 0.20 0.05 0.98 0.80 0.09 0.08 0.03 0.02 0.29 0.37 1.20 0.15 0.26 0.40 0.24 2.20 1.71 1.05 0.65 0.16 0.53 0.70 0.04 0.24 1.54 0.23 0.36 0.02 0.07 0.09 0.15 0.19 0.12 0.16 0.55 0.10 0.30 0.40 0.13 0.07 0.31 0.41 1.09 0.29 0.06 0.19 0.27 13.44 0.03 0.04 0.45 0.20 0.70 0.53 0.60 0.08

0.00 0.07 0.00 0.47 0.37 0.03 0.02 0.01 0.00 0.06 0.09 0.55 0.04 0.06 0.07 0.11 1.30 1.02 0.13 0.11 0.04 0.06 0.09 0.00 0.05 0.79 0.13 0.20 0.00 0.02 0.03 0.04 0.06 0.05 0.07 0.06 0.00 0.03 0.06 0.01 0.00 0.11 0.14 0.28 0.14 0.01 0.05 0.07 6.11 0.00 0.01 0.09 0.06 0.18 0.20 0.01 0.02

0.21 0.22 0.00 0.17 + 0.18 0.22 + 0.37 0.38 0.46 0.47 0.02 0.03 unch 0.30 0.30 unch 0.00 0.06 0.00 0.37 unch 11.70 12.48 + 1.35 1.41 1.05 1.10 0.00 0.15 + 2.39 2.40 3.05 3.05 22.22 22.46 28.33 28.61 0.00 0.12 0.11 0.11 unch 0.00 0.07 unch 0.01 0.04 0.10 0.10 unch 0.03 0.09 + 2.52 2.71 1.97 2.12 0.08 0.08 unch 0.00 0.12 unch 0.07 0.07 0.05 0.05 0.22 0.22 0.28 0.28 0.00 0.02 unch 0.20 0.20 0.00 0.50 unch 0.00 0.52 unch 0.06 0.06 unch 0.39 0.40 0.50 0.50 0.53 0.55 + 0.67 0.71 + 0.01 0.01 + 0.12 0.14 + 0.55 0.55 0.00 0.45 + 0.11 0.12 0.07 0.08 unch 0.06 0.06 0.00 0.10 unch 0.00 0.08 0.00 0.15 + 0.00 0.12 unch 0.00 0.15 unch 0.29 0.29 0.37 0.39 0.26 0.26 0.00 0.34 0.48 0.54 + 0.44 0.44 0.00 0.18 0.15 0.15 0.09 0.09 0.11 0.12 + 0.25 0.25 0.19 0.19 4.96 4.98 0.06 0.06 0.00 0.07 0.06 0.06 + 0.00 0.06 + 0.06 0.07 + 0.02 0.03 unch 0.10 0.12 + 0.18 0.18 0.23 0.23 0.00 0.21 0.00 0.19 unch 0.03 0.03 unch 0.02 0.03 unch 0.38 0.39 0.08 0.14 + 0.00 0.02 unch 0.05 0.06 + 0.04 0.05 + 0.40 0.40 0.03 0.03 0.00 0.70 0.07 0.07 0.09 0.09 unch 0.03 0.03 + 1.57 1.62 + 0.00 0.00 8.79 9.13 + 0.15 0.19 + 0.12 0.14 + 3.29 3.29 unch 0.00 0.06 + 0.00 0.07 unch 0.00 0.02 + 0.22 0.25 + 1.36 1.47 + 0.24 0.25 + 0.30 0.30 0.00 0.01 unch 0.00 0.02 unch 0.00 0.60 unch 0.09 0.10 0.12 0.12 0.35 0.35 unch 0.27 0.28 5.11 5.45 + 0.06 0.06 unch 0.08 0.10 + 3.65 3.67 4.65 4.70 0.00 0.14 + 2.89 2.96 3.67 3.67 -

0.02 0.03 0.04 0.03 0.06 0.00 0.00 0.01 0.00 0.46 0.09 0.07 0.01 0.20 0.26 1.97 2.38 0.02 0.00 0.00 0.03 0.00 0.02 0.03 0.01 0.00 0.00 0.01 0.01 0.01 0.03 0.00 0.01 0.00 0.00 0.00 0.02 0.05 0.04 0.07 0.00 0.01 0.03 0.01 0.02 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.05 0.04 0.04 0.06 0.03 0.00 0.01 0.01 0.00 0.02 0.02 0.01 0.46 0.00 0.01 0.01 0.01 0.00 0.00 0.01 0.01 0.02 0.04 0.00 0.00 0.00 0.04 0.01 0.00 0.01 0.01 0.01 0.60 0.20 0.00 0.00 0.00 0.01 0.01 0.34 0.04 0.02 0.00 0.01 0.00 0.00 0.04 0.02 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.30 0.00 0.02 0.37 0.40 0.02 0.12 0.27

0.48 0.19 0.23 0.70 0.88 0.39 0.47 0.17 0.37 20.23 2.80 2.40 0.21 5.26 6.50 26.57 33.61 0.30 0.22

0.05 0.03 0.05 0.30 0.40 0.01 0.30 0.05 0.37 11.28 1.34 0.92 0.12 1.65 2.09 9.01 11.84 0.09 0.07

0.10 0.29 0.23 4.54 3.68 0.09 0.12 0.22 0.18 0.60 0.77 0.30 0.45 0.60 0.52 0.13 0.78 0.95 0.68 0.84 0.06 0.18 0.68 0.52 0.27 0.09 0.07 0.28 0.21 0.31 0.15 0.24 0.51 0.61 0.37 0.50 1.44 1.07 0.40 0.32 0.10 0.12 0.50 2.00 6.64 0.09 0.11 0.09 0.07 0.21 0.05 0.19 0.31 0.37 0.35 0.27 0.20 0.05 1.20 0.14 0.04 0.10 0.15 0.50 4.26 6.80 0.16 0.19 0.15 3.78 0.08 17.04 0.43 0.33 3.29 0.10

0.01 0.09 0.00 1.52 1.15 0.03 0.04 0.05 0.03 0.22 0.28 0.00 0.07 0.14 0.12 0.05 0.31 0.11 0.14 0.19 0.01 0.09 0.43 0.34 0.08 0.04 0.02 0.10 0.08 0.09 0.00 0.13 0.15 0.19 0.12 0.15 0.44 0.35 0.15 0.14 0.04 0.07 0.21 0.11 1.38 0.02 0.04 0.05 0.03 0.05 0.02 0.07 0.14 0.22 0.09 0.06 0.03 0.02 0.37 0.07 0.01 0.03 0.00 0.10 0.63 0.70 0.07 0.09 0.01 1.58 0.00 8.21 0.14 0.11 3.29 0.04

0.15 0.40 1.78 0.35 0.49 0.04 0.04 0.60 0.49 0.62 0.80 0.61 7.21 0.11 0.15 5.82 7.24 0.20 4.91 6.52

0.01 0.12 0.93 0.19 0.23 0.00 0.02 0.35 0.08 0.09 0.28 0.22 1.18 0.05 0.08 1.90 2.45 0.06 2.89 3.72

Week

12-month

Exc Volume

High

Low

Last

Change

Chevron Corp* Chiboug Ind Mn Chiboug Ind Mn* Chilean Metals Chilean Metals* China Gold Int Churchill Res Cipher Mining* Cirrus Gold Clarity Gold* Clarity Gold Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Min Cleghorn Min* Cleveland-Clif* Cliffmont Res Clifton Mng* Clydesdale Res CMC Metals CMC Metals* CNRP Mng Cobalt Block* Cobalt Block Coeur Mng* Colibri Res Colibri Res* Collective Mg* Colombia Crest Colombia Crest* Colonial Coal Colt Res* Comet Inds Commander Res* Commander Res Commerce Res Commerce Res* Compass Gold* Compass Gold Compliance Egy* Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold* Condor Gold Condor Res* Condor Res Conquest Res Conquest Res * Cons Uranium* Cons Uranium Cons Woodjam CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* CopAur Min CopAur Min* Copper Fox Mtl* Copper Fox Mtl Copper Lake Rs Copper Mtn Mng* Copper Mtn Mng Copper One * Copperbank Res Copperbank Res* Cordoba Mnls* Cordoba Mnls Core Assets Cornerstone Ca* Cornerstone Ca Corsa Coal * Corsa Coal Cortus Metals Corvus Gold* Corvus Gold Crest Resource Crest Resource* Crestview Expl Cresval Cap Critical Elem* Critical Elem Cross River* Cross River Crown Mining Crown Mining* Cruz Battery* Cruz Battery CTGX Mining* Currie Rose Rs* Currie Rose Rs CWN M’g Acq Cyntar Venture Cypress Dev* Cypress Dev

N 64057 286 V 27 O 1419 V 46 O 1642 T 563 V 1323 D 30 C 301 O 452 C 49 C 178 V 34 O 345 V 13 O N 106708 13 V 194 O 0 V 779 V 413 O 377 C 292 O 256 V N 29238 492 V 130 O 0 O 142 V 12 O 1032 V 80 O 13 V 93 O 89 V 597 V 106 O 50 O 26 V 131 O 5028 X 72 V 35 O 12 O 65 T 62 O 106 V 987 V 109 O 510 O 1815 V 1536 V 3086 N N 16223 1200 O 560 V 102 O 1909 V 12 O 206 V 101 O 74 O 379 V 957 V 893 O 6368 T 698 O 581 C 472 O 10 O 36 V 3822 C 6 O 54 V 715 O 850 V 327 V 4063 D T 11372 401 C 135 O 223 C 280 V 155 O 503 V 15 O 314 C 330 V 50 O 2012 O 7971 C 0 O 6 O 59 V 157 V 32 C 1244 O 1718 V

98.74 0.23 0.18 0.20 0.15 4.19 0.29 15.39 0.19 0.45 0.56 0.38 0.27 0.22 0.14 0.11 23.63 0.19 0.28 0.00 0.10 0.09 0.32 0.05 0.06 7.27 0.10 0.08 0.00 0.14 0.11 1.47 0.00 4.00 0.15 0.19 0.25 0.19 0.14 0.19 0.00 3.13 0.09 0.07 0.61 0.80 0.12 0.15 0.09 0.08 2.36 3.10 0.13 28.27 12.77 0.40 0.50 0.06 0.07 0.06 1.13 0.91 0.33 0.38 0.06 2.77 3.45 0.05 0.58 0.46 0.57 0.66 0.33 3.04 3.90 0.53 0.67 0.16 3.20 4.05 0.13 0.13 0.40 0.04 1.13 1.40 0.12 0.16 0.15 0.13 0.10 0.12 0.00 0.03 0.04 0.08 0.88 1.46 1.76

95.98 0.21 0.16 0.15 0.12 3.55 0.22 12.54 0.16 0.38 0.50 0.00 0.25 0.15 0.00 0.11 21.79 0.17 0.19 0.00 0.08 0.07 0.29 0.04 0.05 6.10 0.08 0.07 0.00 0.12 0.10 1.10 0.00 0.00 0.14 0.00 0.23 0.17 0.14 0.00 0.00 2.69 0.08 0.07 0.53 0.73 0.10 0.14 0.08 0.06 1.84 2.31 0.12 23.78 11.75 0.31 0.41 0.05 0.00 0.00 0.93 0.75 0.24 0.00 0.05 2.36 2.99 0.04 0.49 0.39 0.00 0.54 0.24 2.87 3.67 0.43 0.55 0.14 3.15 4.01 0.12 0.09 0.33 0.00 1.04 1.30 0.12 0.15 0.13 0.00 0.07 0.09 0.00 0.00 0.04 0.00 0.00 1.20 1.52

+ 96.76 + 0.22 0.16 + 0.18 + 0.15 3.84 0.27 + 13.56 0.19 unch + 0.41 + 0.52 0.34 0.25 0.15 0.11 0.11 unch 21.86 + 0.19 0.22 0.07 unch 0.09 unch 0.07 0.30 0.04 0.05 6.23 0.09 0.07 2.41 unch 0.12 0.10 1.13 0.00 unch + 4.00 0.14 0.18 0.23 + 0.19 0.14 0.19 unch + 0.00 2.89 0.08 0.07 unch + 0.61 0.80 unch 0.10 + 0.15 0.08 0.06 + 2.00 + 2.60 0.13 unch 24.22 11.76 0.32 0.41 0.05 0.06 0.06 + 1.03 0.81 0.25 0.33 0.05 2.38 3.03 0.04 0.55 unch + 0.43 0.46 0.55 + 0.28 2.95 3.67 + 0.51 + 0.65 0.14 unch + 3.16 + 4.03 0.12 0.11 unch 0.35 0.04 unch 1.05 1.37 unch 0.12 0.15 0.13 0.09 + 0.10 + 0.12 0.02 unch 0.03 unch 0.04 unch 0.08 unch + 0.83 1.28 1.65

Dajin Res Damara Gold* Damara Gold Danakali* Decade Res Decade Res* Deep-South Res* Deep-South Res DeepRock Min Defense Metals* Defense Metals Defiance Silvr Defiance Silvr* Delrand Res Denarius Silv Denison Mines Denison Mines* Desert Gold Desert Gold* Desert Mtn Egy Diamante Min* Diamcor Mng* Diamcor Mng Diamond Disc* Diamond Fields Dios Expl Discovery Harb* Discovery Harb Discovery Min* Discovery Silv Discovery Silv* Discovery-Corp District Cop District Cop* District Metal* District Metal District Mines 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* DynaResource* Dynasty Gold Dynasty Gold* E2Gold Inc E3 Metals* E3 Metals E79 Resources* E79 Resources Eagle Graphite* Eagle Graphite Eagle Plains Earl Res East Africa * East Africa EastCoal Inc Eastern Platin* Eastern Platin Eastfield Res Eastfield Res* Eco Oro Min

30 V 0 O 318 V 152 O 885 V 432 O 200 O 1465 V 321 C 410 O 712 V 1492 V 2123 O 627 V 1187 V T 31206 X 172937 123 V 16 O 1966 V 514 O 442 O 473 V 3795 O 0 V 360 V 218 O 519 V O 114976 3400 V 2063 O 17 V 55 V 5 O 145 O 336 V 23 V 224 O 30 O 227 V 424 O 33 O 726 O 909 V 493 V 1274 V 796 O 1383 N 4718 T 107 O 687 V 0 V 496 V 153 T 17 O 13 O 14 V 19 O 427 V 569 O 1629 V 25 O 242 C 67 O 38 V 440 V 0 V 5 O 2829 V 55 V 18 O 55 T 11 V 6 O 556 C

0.80 0.00 0.07 0.33 0.05 0.04 0.06 0.08 0.06 0.23 0.28 0.54 0.41 0.06 0.45 2.26 1.80 0.16 0.12 4.56 0.04 0.25 0.31 0.00 0.00 0.10 0.09 0.09 0.01 1.64 1.31 0.10 0.15 0.11 0.19 0.24 0.28 0.00 0.00 0.29 0.01 0.03 0.45 0.56 0.90 0.40 0.31 9.61 8.35 0.04 0.05 0.00 0.10 2.94 2.29 2.25 0.19 0.15 0.14 2.02 2.56 0.86 1.08 0.11 0.14 0.18 0.00 0.27 0.42 0.27 0.26 0.32 0.08 0.07 0.14

High Low

0.69 113.11 65.16 0.46 0.13 0.01 0.36 0.09 0.01 0.55 0.12 0.02 0.40 0.09 0.03 4.47 1.48 0.12 0.35 0.17 0.01 0.36 14.99 10.00 0.19 0.12 0.00 1.48 0.31 0.04 1.82 0.44 0.04 1.11 0.25 0.07 0.49 0.20 0.01 0.39 0.14 0.05 0.15 0.08 0.03 0.11 0.07 0.00 1.48 26.51 5.48 0.20 0.08 0.02 0.35 0.13 0.06 0.07 0.05 0.00 0.27 0.08 0.00 0.21 0.03 0.00 0.82 0.25 0.02 0.14 0.03 0.01 0.17 0.04 0.01 0.69 12.60 6.09 0.17 0.05 0.01 0.16 0.04 0.01 3.50 2.41 0.00 0.44 0.12 0.01 0.35 0.09 0.01 1.78 0.50 0.31 0.00 0.00 0.00 4.00 2.00 0.45 0.21 0.06 0.02 0.32 0.09 0.02 0.50 0.20 0.01 0.39 0.15 0.01 0.23 0.14 0.00 0.30 0.17 0.00 0.00 0.00 0.00 9.85 0.93 0.25 0.14 0.07 0.01 0.15 0.03 0.00 0.79 0.51 0.08 1.20 0.65 0.00 0.32 0.00 0.02 0.33 0.13 0.01 0.36 0.08 0.01 0.26 0.06 0.02 2.52 0.37 0.03 3.10 0.47 0.13 0.30 0.11 0.00 3.52 28.27 3.66 0.02 15.89 8.31 0.53 0.13 0.03 0.67 0.16 0.04 0.18 0.05 0.00 0.24 0.06 0.01 0.25 0.01 0.01 1.20 0.11 0.05 0.95 0.11 0.01 0.53 0.08 0.05 0.66 0.11 0.05 0.07 0.02 0.01 4.20 0.65 0.22 5.07 0.88 0.26 0.60 0.04 0.00 0.82 0.16 0.00 0.65 0.12 0.01 1.70 0.03 0.01 2.21 0.55 0.05 0.33 0.07 0.04 5.00 2.55 0.13 6.53 3.40 0.23 0.55 0.12 0.03 0.70 0.18 0.05 0.35 0.12 0.00 3.30 1.71 0.03 4.15 2.17 0.06 0.29 0.09 0.01 0.25 0.07 0.00 2.53 0.29 0.01 0.16 0.02 0.00 1.52 0.24 0.03 1.79 0.31 0.00 1.22 0.01 0.01 0.50 0.15 0.01 0.36 0.06 0.02 0.29 0.04 0.00 0.14 0.03 0.01 0.18 0.04 0.03 0.20 0.00 0.00 0.04 0.02 0.00 0.06 0.04 0.00 0.08 0.03 0.00 0.99 0.50 0.01 2.00 0.24 0.05 2.45 0.32 0.04

D-F 0.00 0.00 0.00 0.30 0.05 0.03 0.04 0.06 0.06 0.18 0.23 0.44 0.35 0.00 0.00 1.93 1.51 0.14 0.11 2.78 0.04 0.00 0.26 0.00 0.00 0.09 0.07 0.09 0.00 1.30 1.03 0.10 0.13 0.11 0.16 0.20 0.00 0.00 0.00 0.24 0.00 0.00 0.38 0.48 0.77 0.35 0.27 8.67 7.60 0.03 0.00 0.00 0.00 2.75 0.00 1.90 0.00 0.13 0.12 1.57 1.99 0.74 0.95 0.09 0.12 0.17 0.00 0.00 0.27 0.00 0.24 0.30 0.00 0.05 0.11

0.73 0.06 unch 0.06 0.31 0.05 0.03 0.06 0.07 0.06 + 0.20 + 0.27 0.50 unch 0.39 0.06 unch 0.42 + 2.02 + 1.61 0.14 0.12 2.92 0.04 unch 0.22 0.28 0.00 0.19 unch 0.09 0.07 0.09 0.00 1.31 1.08 + 0.10 0.13 0.11 + 0.18 0.20 + 0.28 0.00 0.00 unch 0.24 0.00 0.02 0.41 0.52 0.78 0.37 unch + 0.31 9.04 + 7.88 + 0.04 0.05 0.24 unch 0.10 unch 2.83 2.23 + 2.25 0.17 + 0.15 0.12 + 1.58 + 2.02 0.74 0.95 + 0.11 + 0.14 0.17 0.45 unch + 0.27 + 0.42 0.25 unch 0.24 0.31 unch 0.07 0.05 0.13

0.06 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.02 0.00 0.01 0.00 0.05 0.03 0.02 0.01 0.01 1.50 0.00 0.02 0.02 0.00 0.00 0.01 0.01 0.01 0.00 0.25 0.15 0.01 0.02 0.01 0.00 0.05 0.05 0.00 0.00 0.01 0.01 0.00 0.05 0.05 0.12 0.00 0.01 0.01 0.29 0.00 0.01 0.00 0.00 0.11 0.07 0.00 0.02 0.02 0.02 0.02 0.02 0.06 0.13 0.01 0.01 0.01 0.00 0.06 0.13 0.00 0.00 0.00 0.01 0.00 0.01

2.00 0.16 0.20 0.47 0.12 0.09 0.23 0.30 0.11 0.59 0.75 1.07 0.91 0.18 0.69 2.29 1.81 0.23 0.17 4.95 0.06 0.29 0.35 0.01 1.25 0.13 0.10 0.12 0.04 2.74 2.23 0.12 0.50 0.20 0.55 0.59 0.40 0.02 0.01 0.41 0.09 0.51 0.81 1.05 1.28 1.18 1.22 13.70 10.67 0.12 0.16 0.24 0.16 2.98 2.49 2.45 0.35 0.20 0.24 4.22 5.37 1.34 1.65 0.28 0.38 0.19 0.55 0.39 0.58 0.31 0.43 0.57 0.10 0.09 0.20

0.45 0.00 0.05 0.22 0.04 0.01 0.03 0.04 0.02 0.11 0.15 0.44 0.35 0.06 0.38 0.41 0.30 0.12 0.09 1.31 0.01 0.05 0.06 0.00 0.09 0.06 0.03 0.05 0.00 1.45 1.15 0.06 0.10 0.10 0.14 0.20 0.12 0.00 0.00 0.17 0.00 0.01 0.33 0.42 0.57 0.20 0.06 8.67 7.18 0.03 0.05 0.15 0.07 1.64 1.26 0.52 0.07 0.05 0.10 0.24 0.30 0.07 0.24 0.03 0.04 0.14 0.20 0.10 0.14 0.09 0.23 0.29 0.04 0.03 0.05

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

Eco Oro Min* Edgemont Gold Edgewater Expl Edison Cobalt* Edison Cobalt EEE Explor El Capitan Prc* El Nino Vent* El Nino Vent Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Element 29* Element79 Eloro Res Eloro Res* Elysee Dev Elysee Dev * Emerita Res Emerita Res* Emgold Mining Emgold Mining* Eminent Gold Emperor Metals EMX Royalty EMX Royalty* Encanto Potash* EnCore Energy Endeavour Mng Endeavr Silver Endeavr Silver* Endurance Gold* Endurance Gold Enduro Metals Enduro Metals* Energy Fuels Energy Fuels* Engineer Gold Engineer Gold* Engold Mines Engold Mines* Entree Res* Entree Res Equinox Gold* Equinox Gold 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 Essex Minerals* Ethos Gold* Ethos Gold Etruscus Res Euro Manganese Euro Manganese* Euro Sun Mg Euro Sun Mg* EurOmax Res EurOmax Res* European Elect* European Elect European Metal* Eurotin Evergold Evergold* Everton Res* EVI Global Grp Evolving Gold Evolving Gold* Evrim Res Excellon Res* Excellon Res Excelsior Mng* Excelsior Mng ExGen Res Inc* ExGen Res Inc Exploits Disc* Explorex Res Explorex Res* Fabled Silver Fabled Silver* Fairchild Gold Fairmile Gold* Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Far Res Far Res* Fathom Nickel* Fathom Nickel FenixOro Gold* FenixOro Gold Fidelity Min* Fidelity Min Filo Mg Corp Filo Mg Corp * Finlay Minrls Fiore Gold* Fiore Gold* Fiore Gold FireFox Gold FireFox Gold* Firestone Vent* Firestone Vent Fireweed Zinc* Fireweed Zinc First Cobalt * First Cobalt First Energy First Energy* First Idaho First Majestic* First Majestic First Mg Fin First Mg Fin * First Point* First Quantum First Tellur First Tellur* 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 Mining* Foran Mining Forsys Metals Fort St James Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay Fortune Bay* Fortune Min Fortune Min* Forty Pillars Forum Energy* Forum Energy Fosterville Founders Metal Four Nines Fox River Res Fox River Res* FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Fredonia Mg Fredonia Mg* Freegold Vent Freeman Gold Freeman Gold* Freeport McMoR* Freeport Res Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold Full Metal Mnl Full Metal Mnl* Fury Gold Fury Gold* Fuse Cobalt*

O 5 C 70 V 17 O 13 V 332 C 106 O 901 O 0 V 4 V 1369 O 107 N 9837 T 2322 O 33 C 198 V 547 O 216 V 34 O 15 V 3922 O 837 V 912 O 139 V 12 C 35 V 48 X 801 O 16 V 6661 T 10454 T 2451 N 14015 O 227 V 181 V 659 O 230 T 6640 X 52561 V 2517 O 30 V 372 O 15 O 95 T 271 X 7296 T 3288 O 420 V 518 T 601 O 361 O 38 V 93 T 1588 N 36 O 107 V 687 V 687 V 755 O 273 V 10 O 50 O 606 V 856 C 59 V 284 O 36 T 516 O 83 T 34 O 1 O 3 V 11 O 75 V 0 V 189 O 25 O 1 C 1261 C 9 O 2 V 251 X 207 T 412 O 279 T 474 O 8 V 29 O 500 C 3 O 1 V 1936 O 960 V 199 O 0 V 142 O 106 V 804 O 161 V 526 C 7481 O 103 O 41 C 258 O 1145 C 780 O 0 V 405 V 275 O 30 V 39 O 318 O 163 V 275 V 448 O 384 O 1 V 2 O 32 V 496 O 1851 V 2813 C 565 O 35 V 0 N 24348 T 3883 T 2527 O 1732 O 461 T 13533 C 773 O 75 V 10313 O 2511 O 10164 T 27778 V 549 O 1 O 5 V 224 C 3 O 19 O 564 V 729 V 728 O 30 V 1193 T 4952 V 199 O 51 T 5815 N 35468 V 125 O 13 T 515 O 77 C 34 O 2967 V 4654 V 303 V 5 C 155 C 85 O 34 V 600 N 3678 T 2940 O 364 V 491 O 320 T 1021 C 499 O 34 N 120753 V 445 V 580 O 33 V 800 V 213 V 296 O 40 T 216 X 1223 O 92

THE NORTHERN MINER / SEPTEMBER 27—OCTOBER 10, 2021

Week High

Low

0.09 0.18 0.20 0.10 0.13 0.15 0.00 0.03 0.04 0.14 0.09 8.66 10.95 0.46 0.77 3.78 2.88 0.76 0.60 1.79 1.42 0.06 0.05 0.85 0.20 3.55 2.80 0.12 2.27 30.86 6.08 4.80 0.21 0.24 0.22 0.16 10.56 8.39 0.05 0.04 0.27 0.23 0.71 0.91 7.45 9.42 0.11 0.13 0.42 0.33 0.07 0.09 25.43 20.09 0.08 0.10 0.10 2.24 1.77 0.16 0.12 0.27 0.35 0.28 0.54 0.44 0.42 0.33 0.07 0.05 0.13 0.17 0.08 0.00 0.19 0.15 0.05 0.08 0.43 0.33 0.35 1.81 2.32 0.46 0.59 0.10 0.13 0.55 7.50 5.94 0.15 0.12 0.19 0.00 0.42 0.32 0.11 0.09 0.14 0.16 0.13 0.36 0.47 0.28 0.35 0.00 0.09 9.03 7.10 0.16 0.07 0.97 1.23 0.29 0.23 0.15 0.00 0.70 0.88 0.25 0.30 0.25 0.18 0.00 12.94 16.37 0.34 0.28 0.45 24.78 0.13 0.11 0.24 0.20 0.96 1.18 0.05 0.03 0.08 0.12 0.00 0.07 0.06 0.07 0.15 1.79 2.29 1.30 0.50 13.59 5.89 4.66 0.75 0.58 0.11 0.09 0.17 0.47 0.56 1.21 0.44 0.58 0.30 0.24 0.55 144.00 182.62 0.02 0.26 0.20 0.62 0.38 0.30 36.79 0.21 0.03 11.90 0.95 0.03 0.20 0.14 0.94 0.76 0.06

0.09 0.16 0.00 0.09 0.11 0.15 0.00 0.03 0.00 0.07 0.06 7.93 10.05 0.46 0.73 3.19 2.52 0.69 0.00 1.44 1.15 0.05 0.04 0.00 0.20 3.39 2.68 0.01 1.81 29.07 5.35 4.21 0.17 0.22 0.19 0.15 8.88 7.01 0.00 0.04 0.23 0.00 0.65 0.83 6.70 8.49 0.09 0.12 0.39 0.30 0.06 0.09 23.85 18.88 0.00 0.09 0.09 2.03 1.60 0.00 0.12 0.22 0.29 0.23 0.49 0.40 0.38 0.31 0.00 0.05 0.11 0.00 0.07 0.00 0.17 0.00 0.04 0.07 0.00 0.33 0.33 1.53 1.88 0.42 0.55 0.10 0.00 0.48 7.29 5.93 0.14 0.10 0.00 0.00 0.38 0.29 0.10 0.08 0.12 0.14 0.11 0.32 0.36 0.21 0.27 0.00 0.08 8.44 6.61 0.00 0.06 0.90 1.17 0.23 0.19 0.15 0.00 0.63 0.74 0.22 0.29 0.18 0.15 0.00 11.81 14.98 0.32 0.25 0.36 22.32 0.07 0.03 0.17 0.13 0.77 0.98 0.00 0.03 0.08 0.00 0.00 0.03 0.05 0.07 0.13 1.61 2.02 0.94 0.39 10.85 5.20 4.09 0.63 0.00 0.10 0.08 0.15 0.37 0.47 1.06 0.44 0.46 0.26 0.00 0.46 134.12 171.01 0.02 0.24 0.20 0.56 0.36 0.00 32.57 0.18 0.03 11.16 0.87 0.03 0.18 0.14 0.84 0.66 0.05

Last

12-month Change

0.09 0.16 0.16 0.09 0.11 0.15 unch 0.00 + 0.03 unch 0.04 unch 0.12 + 0.09 + 8.25 10.49 unch 0.46 unch 0.77 + 3.29 2.59 0.74 + 0.57 + 1.50 1.17 0.05 0.04 0.85 unch 0.20 unch 3.48 2.71 0.01 + 1.95 + 29.86 + 5.56 4.38 0.17 0.22 0.20 0.15 9.34 + 7.31 + 0.03 0.04 unch 0.25 0.21 0.67 0.84 7.15 + 9.11 + 0.10 + 0.13 unch 0.39 0.32 0.07 + 0.09 unch 24.90 + 19.58 + 0.08 + 0.10 + 0.10 + 2.12 + 1.66 + 0.15 0.12 + 0.23 0.30 0.24 0.49 0.40 0.39 0.31 0.07 0.05 unch 0.11 0.15 0.07 + 0.02 unch 0.17 0.15 + 0.04 + 0.08 0.42 0.33 + 0.34 + 1.55 1.88 0.43 + 0.55 unch 0.10 unch 0.10 0.52 7.30 5.94 0.14 0.11 0.19 + 0.00 unch 0.39 0.30 0.11 + 0.09 + 0.12 0.14 0.11 0.34 unch 0.39 0.26 0.32 0.07 unch 0.09 unch 8.46 6.61 0.14 0.06 0.95 + 1.21 + 0.26 0.20 0.15 unch 0.15 unch 0.66 + 0.85 unch 0.23 + 0.29 unch 0.22 + 0.18 0.10 unch 12.31 + 15.62 + 0.32 0.25 0.37 22.54 0.08 + 0.07 + 0.18 + 0.14 + 0.84 + 1.06 + 0.04 unch 0.03 unch 0.08 0.12 + 0.06 unch 0.03 0.05 + 0.07 unch 0.13 1.61 2.06 1.10 + 0.44 + 10.92 5.38 + 4.22 + 0.70 + 0.58 + 0.11 unch 0.09 0.16 0.38 + 0.49 + 1.15 + 0.44 unch 0.46 0.28 + 0.24 + 0.47 135.98 173.28 0.02 0.25 + 0.20 + 0.56 0.36 0.30 + 33.05 0.19 0.03 11.25 0.93 + 0.03 unch 0.18 0.14 0.90 0.69 0.05 -

0.04 0.02 0.04 0.01 0.02 0.00 0.00 0.00 0.00 0.05 0.03 0.01 0.00 0.00 0.04 0.18 0.15 0.04 0.02 0.27 0.22 0.01 0.00 0.00 0.00 0.01 0.05 0.00 0.03 0.29 0.21 0.17 0.04 0.02 0.01 0.01 0.51 0.39 0.01 0.00 0.03 0.02 0.03 0.05 0.39 0.56 0.00 0.00 0.02 0.00 0.00 0.00 0.56 0.29 0.01 0.02 0.02 0.03 0.01 0.02 0.00 0.04 0.05 0.05 0.07 0.05 0.02 0.02 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.20 0.33 0.00 0.00 0.00 0.03 0.01 0.20 0.01 0.01 0.00 0.02 0.00 0.03 0.02 0.02 0.01 0.02 0.02 0.02 0.00 0.02 0.01 0.02 0.00 0.00 0.51 0.40 0.02 0.00 0.04 0.01 0.02 0.02 0.00 0.00 0.01 0.00 0.00 0.00 0.02 0.02 0.00 0.10 0.15 0.03 0.02 0.01 1.84 0.03 0.03 0.01 0.00 0.05 0.06 0.00 0.00 0.01 0.02 0.00 0.01 0.00 0.00 0.02 0.04 0.10 0.12 0.09 2.63 0.07 0.02 0.07 0.08 0.00 0.00 0.03 0.01 0.03 0.01 0.00 0.04 0.03 0.02 0.03 5.81 6.50 0.00 0.01 0.01 0.02 0.01 0.02 2.43 0.02 0.01 0.28 0.06 0.00 0.03 0.03 0.02 0.05 0.00

(100s)

High Low

Stock

0.15 0.31 0.27 1.00 0.25 0.25 0.02 0.05 0.06 0.19 0.16 14.49 18.90 0.49 1.26 5.88 4.65 0.85 0.74 2.16 1.72 0.16 0.12 1.05 0.29 4.83 3.81 0.12 2.27 39.21 9.32 7.76 0.35 0.24 0.30 0.22 10.56 8.39 0.15 0.06 0.60 0.30 0.90 1.12 13.29 17.50 0.25 0.33 0.51 0.40 0.19 0.25 29.76 22.30 0.09 0.11 0.11 3.14 2.49 0.92 0.14 0.50 0.60 0.45 0.85 0.66 0.47 0.39 0.24 0.16 0.39 0.49 1.02 0.06 0.53 0.44 0.13 0.23 1.45 0.98 0.42 3.90 5.05 0.94 1.19 0.11 0.20 1.35 10.50 8.34 0.40 0.60 0.20 0.00 0.48 0.50 0.19 0.17 0.17 0.31 0.24 0.44 0.88 0.46 0.60 0.11 0.17 11.97 9.85 0.20 0.26 1.30 1.71 0.40 0.34 0.25 0.30 0.97 1.31 0.37 0.46 0.62 0.31 0.10 24.01 30.75 0.51 0.42 0.76 35.07 0.18 0.14 0.24 0.20 0.96 1.18 0.07 0.05 0.21 0.27 0.11 0.35 0.22 0.28 0.48 2.15 2.63 1.30 0.50 20.40 12.61 9.85 1.30 0.98 0.27 0.22 0.38 0.47 0.56 3.86 0.60 0.60 0.73 0.57 0.94 163.79 205.25 0.15 0.26 0.20 1.30 0.68 0.89 46.10 0.67 0.10 17.90 1.39 0.04 0.65 0.57 7.27 3.85 0.26

Fuse Cobalt

G2 Goldfields* G2 Goldfields Gabriel Res* Gabriel Res 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* Gatos Silver Gatos Silver* General Gold Generation Min Generation Min* Generic Gold Genesis Mtls Genesis Mtls* Genius Metals Gensource Pot Gentor Res Geomega Res Geomega Res* Getchell Gold Getchell Gold * Getty Copper GFG Resources GFG Resources* GFM Res GGL Res GGL Res* GGX Gold* GGX Gold Giga Metals* Giga Metals Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake* 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 Energy Global Gold* 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 Golcap Res Gold Basin Res* Gold Basin Res Gold Bull Res Gold Bull Res* Gold Fields* Gold Fields* Gold Finder Ex* Gold Finder Ex Gold Hunter Rs Gold Line Res Gold Lion Res* Gold Lion Res Gold Mountain* Gold Mountain Gold Port Gold Reserve* Gold Reserve Gold Resource* Gold Royalty* Gold State Res* Gold State Res Gold Std Vents Gold Std Vents* Gold’n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldbelt Emp Goldcliff Res Goldcliff Res* Golden Arrow Golden Arrow* Golden Band* Golden Dawn Ml* Golden Dawn Ml Golden Goliath* Golden Goliath Golden Harp Golden Hope Golden Hope* Golden Indepen Golden Indepe* Golden Lake Golden Mnls Golden Mnls* Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Star Golden Star* Golden Star* Golden Sun* Golden Tag Golden Tag* Golden Valley Golden Valley* Goldex Res Goldex Res* Goldflare Expl Goldgroup Mng* Goldgroup Mng GoldHaven Res* Goldhills Hldg GoldMining GoldON Res GoldON Res* Goldplay Min GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldshore Res* Goldshore Res Goldsource Min* Goldsource Min Goldstar Mnls Goldstar Mnls* Goliath Res* Goliath Res Gossan Res GoviEx Uranium GoviEx Uranium* Gowest Gold Gowest Gold* GPM Metals GR Silver* GR Silver Gran Colombia* Gran Colombia Granada Gold Granada Gold* Grande Portage Grande Portage* Granite Creek* Granite Creek Graphite One*

0.03 0.10 0.16 0.01 0.03 0.15 0.00 0.02 0.03 0.06 0.04 7.93 10.05 0.28 0.67 1.18 0.90 0.39 0.31 0.13 0.05 0.05 0.04 0.32 0.10 3.37 2.50 0.01 0.35 23.12 4.00 2.99 0.07 0.22 0.17 0.12 1.91 1.42 0.03 0.04 0.23 0.20 0.27 0.39 5.90 7.53 0.08 0.11 0.33 0.26 0.02 0.03 17.24 16.71 0.05 0.07 0.07 0.66 0.48 0.14 0.12 0.12 0.16 0.23 0.09 0.33 0.30 0.20 0.01 0.00 0.11 0.14 0.01 0.01 0.15 0.00 0.00 0.05 0.28 0.10 0.28 1.54 1.96 0.39 0.48 0.06 0.08 0.19 5.01 3.85 0.07 0.07 0.14 0.00 0.35 0.16 0.08 0.02 0.07 0.05 0.04 0.30 0.35 0.15 0.15 0.04 0.06 1.60 1.00 0.06 0.06 0.74 0.95 0.13 0.11 0.01 0.11 0.51 0.65 0.09 0.12 0.14 0.14 0.07 9.33 12.48 0.32 0.25 0.05 11.25 0.05 0.03 0.06 0.04 0.17 0.23 0.02 0.01 0.05 0.07 0.04 0.03 0.01 0.02 0.12 0.24 0.16 0.12 0.13 10.95 4.90 3.81 0.63 0.10 0.06 0.04 0.11 0.08 0.11 0.89 0.37 0.21 0.06 0.05 0.42 105.62 133.63 0.00 0.03 0.12 0.52 0.28 0.18 14.67 0.15 0.03 10.20 0.24 0.02 0.11 0.00 0.84 0.66 0.02

Exc Volume

Week High

Low

Last

588

0.08

0.07

O 21 V 193 O 183 V 168 O 748 V 1037 V 666 O 49 T 1303 X 9603 V 3433 O 1464 V 3 O 142 V 120 O 108 V 371 V 164 O 2 O 82 V 306 V 1747 O 655 T 227 N 5300 C 142 T 1951 O 335 C 7 V 205 O 79 C 92 V 1245 V 542 V 936 O 191 C 394 O 240 V 16 V 820 O 1056 V 0 V 179 O 1 O 12 V 242 O 355 V 332 V 313 O 0 O 67 V 881 V 67 O 7 V 43 V 605 O 50 O 352 V 3820 O 338 O 1163 O 1215 T 4907 V 213 O 279 O 85 V 60 O 1 O 51 C 111 O 0 O 45 T 73 O 284 V 411 O 7227946 O 0 C 206 V 18 T 28247 C 22 O 16 C 393 V 197 O 100 O 1 N 29293 O 252 V 526 C 50 V 1110 O 5 C 35 O 295 V 2098 C 74 O 81 V 29 X 2861 X 4716 O 152 V 425 T 315 X 6043 C 295 V 1003 O 364 V 2 V 15 V 215 O 267 V 228 O 391 O 1186 O 22 V 893 O 204 V 534 V 0 V 21 O 4 C 883 O 125 C 2303 T 50 X 4761 O 0 V 94 V 347 V 246 V 13 T 333 O 1 X 2209 O 18 V 710 O 551 V 205 O 182 V 123 O 6 V 1157 O 179 T 215 O 154 V 0 T 1137 V 198 O 22 V 355 V 787 C 1743 O 618 O 176 C 220 O 65 V 229 O 163 V 331 V 222 O 2 O 299 V 561 V 54 V 12678 O 4405 V 68 O 3 V 214 O 724 V 1475 O 238 T 2801 V 342 O 259 V 552 O 385 O 143 V 166 O 141

0.45 0.50 0.22 0.28 0.13 0.16 0.45 0.35 1.03 0.81 0.09 0.07 0.00 0.15 0.19 0.56 0.72 0.14 0.09 0.29 0.36 0.41 0.31 18.23 14.41 0.37 0.79 0.65 0.38 0.13 0.10 0.24 0.30 0.11 0.35 0.27 0.72 0.56 0.05 0.16 0.13 0.00 0.14 0.12 0.13 0.18 0.32 0.41 0.08 0.00 0.43 0.54 0.20 0.22 0.40 0.16 0.13 0.13 0.17 4.75 9.44 3.62 4.42 0.30 0.25 0.14 0.18 1.75 0.08 0.09 0.00 0.85 1.10 0.26 0.32 0.00 0.00 0.24 0.22 3.32 0.34 0.33 0.40 0.24 0.19 8.98 8.90 0.06 0.08 0.38 0.18 0.10 0.12 1.50 2.00 0.11 1.67 2.14 1.78 5.29 0.17 0.20 0.60 0.47 0.10 0.08 0.06 0.18 0.02 0.08 0.07 0.19 0.15 0.00 0.24 0.31 0.05 0.06 0.00 0.30 0.23 0.18 0.15 0.23 0.63 0.50 0.00 0.13 0.22 4.65 0.14 3.25 2.99 2.59 0.01 0.26 0.20 11.66 9.15 0.07 0.06 0.06 0.04 0.05 0.43 0.00 1.74 0.21 0.17 0.17 0.18 0.05 0.04 0.04 0.15 0.56 0.70 0.75 0.96 0.10 0.09 0.67 0.86 0.18 0.59 0.47 0.22 0.18 0.10 0.28 0.35 4.11 5.25 0.13 0.10 0.51 0.40 0.15 0.19 0.84

12-month Change -

0.01

0.34 0.37 0.00 0.43 0.17 0.19 0.23 0.25 + 0.10 0.11 0.14 0.14 0.38 0.38 0.32 0.32 0.85 0.85 0.68 0.69 0.07 0.08 + 0.05 0.06 0.00 0.02 unch 0.15 0.15 + 0.00 0.19 + 0.49 0.49 0.63 0.64 0.11 0.12 0.00 0.09 unch 0.26 0.26 0.33 0.34 0.37 0.41 + 0.29 0.31 + 16.15 16.40 12.70 12.81 0.33 0.33 0.66 0.70 0.51 0.55 0.00 0.34 0.13 0.13 + 0.10 0.10 0.23 0.23 0.29 0.29 unch 0.00 0.11 unch 0.28 0.34 + 0.00 0.25 + 0.64 0.68 0.50 0.53 0.00 0.05 0.14 0.16 + 0.11 0.12 + 0.00 0.15 unch 0.11 0.11 0.00 0.12 + 0.13 0.13 + 0.00 0.16 0.29 0.31 + 0.37 0.39 + 0.06 0.06 0.00 0.04 unch 0.39 0.39 + 0.48 0.50 + 0.17 0.20 + 0.22 0.22 unch 0.00 0.29 unch 0.16 0.16 unch 0.12 0.13 unch 0.11 0.11 0.12 0.14 4.44 4.51 8.85 9.01 2.82 2.95 3.58 3.76 0.28 0.28 0.21 0.22 0.12 0.14 + 0.16 0.18 + 1.75 1.75 unch 0.06 0.06 0.08 0.08 0.00 0.20 unch 0.83 0.84 1.04 1.06 unch 0.22 0.23 + 0.00 0.30 + 0.00 0.00 0.00 0.09 unch 0.21 0.21 0.00 0.22 unch 2.83 2.93 0.21 0.22 + 0.31 0.31 0.35 0.35 0.22 0.23 0.17 0.18 0.00 8.98 + 7.93 8.13 0.05 0.06 + 0.07 0.08 + 0.38 0.38 unch 0.14 0.16 + 0.10 0.10 + 0.00 0.11 1.13 1.47 + 1.43 1.87 + 0.00 0.11 unch 1.61 1.61 2.06 2.06 1.64 1.68 4.95 5.17 0.00 0.14 + 0.12 0.16 + 0.56 0.59 unch 0.44 0.44 0.08 0.09 0.06 0.07 + 0.04 0.05 + 0.00 0.18 + 0.00 0.02 unch 0.00 0.08 0.06 0.06 0.17 0.17 0.13 0.13 0.00 0.00 + 0.19 0.22 + 0.24 0.28 + 0.04 0.04 0.00 0.05 0.00 0.17 unch 0.29 0.30 unch 0.23 0.23 + 0.14 0.14 0.11 0.11 0.16 0.17 0.00 0.60 0.45 0.48 0.00 0.12 unch 0.11 0.11 0.20 0.21 4.40 4.45 + 0.00 0.13 2.92 2.96 2.98 2.98 unch 2.29 2.43 + 0.01 0.01 0.22 0.23 0.17 0.18 10.64 11.60 + 8.39 9.15 + 0.07 0.07 unch 0.00 0.05 0.04 0.05 unch 0.03 0.03 0.04 0.04 0.36 0.38 0.00 0.25 unch 1.62 1.69 + 0.00 0.20 unch 0.16 0.17 + 0.16 0.17 + 0.00 0.15 0.04 0.04 + 0.03 0.04 + 0.03 0.04 + 0.13 0.13 unch 0.51 0.51 0.00 0.64 0.64 0.71 + 0.81 0.91 + 0.09 0.09 0.09 0.09 unch 0.58 0.61 0.73 0.76 0.17 0.17 unch 0.42 0.47 + 0.34 0.37 + 0.00 0.20 0.18 0.18 0.00 0.10 + 0.24 0.25 0.31 0.31 3.58 4.11 + 4.62 5.25 + 0.11 0.12 0.09 0.09 0.44 0.44 0.34 0.35 0.14 0.14 + 0.18 0.18 + 0.75 0.76 -

0.08 0.09 0.01 0.01 0.01 0.02 0.07 0.03 0.18 0.12 0.01 0.00 0.00 0.01 0.02 0.08 0.05 0.01 0.00 0.03 0.03 0.02 0.01 1.33 1.16 0.03 0.09 0.07 0.06 0.01 0.01 0.01 0.00 0.00 0.05 0.03 0.03 0.02 0.01 0.01 0.00 0.00 0.01 0.03 0.00 0.03 0.01 0.01 0.03 0.00 0.01 0.01 0.03 0.00 0.00 0.00 0.00 0.02 0.03 0.14 0.18 0.14 0.17 0.01 0.01 0.01 0.02 0.00 0.02 0.01 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.02 0.00 0.20 0.01 0.01 0.05 0.01 0.01 0.12 0.11 0.00 0.01 0.00 0.01 0.00 0.02 0.32 0.40 0.00 0.04 0.04 0.04 0.13 0.08 0.05 0.00 0.03 0.01 0.01 0.00 0.03 0.00 0.01 0.01 0.01 0.00 0.00 0.03 0.03 0.00 0.01 0.00 0.00 0.00 0.04 0.03 0.06 0.04 0.03 0.00 0.01 0.01 0.08 0.01 0.09 0.00 0.02 0.09 0.01 0.00 0.22 0.18 0.00 0.01 0.00 0.00 0.01 0.05 0.00 0.03 0.00 0.01 0.01 0.04 0.01 0.01 0.01 0.00 0.04 0.05 0.04 0.06 0.01 0.00 0.04 0.09 0.00 0.05 0.04 0.01 0.00 0.01 0.02 0.03 0.47 0.63 0.01 0.01 0.08 0.06 0.01 0.01 0.02

High Low 0.33 0.03

G-H 0.50 0.69 0.34 0.47 0.28 0.35 0.94 0.78 2.17 1.64 0.15 0.12 0.03 3.95 0.29 1.13 1.49 0.36 0.29 0.56 0.75 0.83 0.64 31.08 24.00 0.63 1.23 1.02 0.80 0.30 0.23 0.32 0.30 0.11 0.60 0.47 0.77 0.61 0.11 0.31 0.24 0.15 0.45 0.29 0.16 0.21 1.64 1.98 0.17 0.12 0.70 0.87 0.30 0.42 0.40 0.36 0.25 0.13 0.18 4.94 9.49 3.62 4.42 1.93 1.52 0.28 0.35 2.70 0.21 0.27 0.80 1.24 1.49 0.36 0.45 0.00 1.74 1.20 0.37 3.55 0.60 0.39 0.46 0.71 0.56 12.90 14.72 0.23 0.23 0.95 0.76 0.52 0.55 2.65 3.12 0.30 1.82 2.50 3.96 7.08 0.17 0.38 1.23 0.97 0.35 0.14 0.11 0.19 0.05 0.16 0.13 0.21 0.20 0.01 0.23 0.28 0.32 0.38 0.29 0.46 0.35 0.72 0.57 0.70 1.65 1.30 0.19 0.25 0.41 5.44 0.17 6.68 3.49 5.07 5.10 0.65 0.60 11.66 9.13 0.10 1.10 0.10 0.06 0.08 0.87 0.33 3.53 1.14 0.86 0.20 0.47 0.08 0.05 0.10 0.55 0.85 0.98 1.12 1.80 0.30 0.16 1.31 1.62 0.35 0.59 0.47 0.51 0.39 0.15 0.74 0.92 6.61 8.40 0.27 0.20 0.78 0.65 0.24 0.29 1.89

0.25 0.35 0.15 0.20 0.11 0.14 0.22 0.16 0.87 0.68 0.07 0.05 0.01 0.09 0.12 0.47 0.59 0.11 0.01 0.20 0.33 0.35 0.28 7.77 5.78 0.16 0.43 0.32 0.29 0.13 0.10 0.16 0.16 0.05 0.17 0.10 0.30 0.22 0.04 0.12 0.10 0.07 0.11 0.08 0.08 0.10 0.27 0.33 0.06 0.04 0.12 0.15 0.10 0.20 0.20 0.12 0.09 0.04 0.05 1.97 3.90 0.41 0.56 0.09 0.05 0.12 0.15 0.55 0.05 0.07 0.00 0.43 0.57 0.16 0.20 0.00 0.09 0.21 0.19 1.37 0.08 0.02 0.25 0.21 0.17 8.00 8.03 0.03 0.05 0.30 0.14 0.08 0.11 1.04 0.76 0.11 1.17 1.50 1.57 3.39 0.05 0.05 0.55 0.43 0.07 0.06 0.04 0.10 0.02 0.08 0.06 0.15 0.12 0.00 0.08 0.11 0.00 0.05 0.17 0.26 0.21 0.14 0.11 0.12 0.51 0.38 0.10 0.12 0.12 1.81 0.08 2.58 0.17 2.04 0.00 0.22 0.17 6.01 4.81 0.07 0.00 0.04 0.02 0.04 0.20 0.08 1.40 0.20 0.00 0.15 0.15 0.03 0.02 0.02 0.11 0.26 0.53 0.60 0.77 0.09 0.08 0.10 0.12 0.08 0.12 0.09 0.16 0.12 0.05 0.25 0.32 3.37 4.50 0.11 0.08 0.24 0.18 0.08 0.11 0.26

(100s) Stock

Exc Volume

Week High

Graphite One Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res* Great Bear Res Great Lakes Gr* Great Panther Great Panther* Great Quest Fe Great Thunder* Green Battery Green River* Green River Green Swan Cap Green Valley M Greencastle Rs Greenhawk Res Greenland M&En* Greenshield Ex Grid Metals* Grid Metals Grizzly Discvr* Grizzly Discvr Grosvenor Res Group Eleven Group Ten Mtls* Group Ten Mtls GSP Resource GTA Resources* Guanajuato Sil* Guanajuato Sil Guardian Exp Gungnir Res* Gungnir Res Gunpoint Expl* Gunpoint Expl 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 Hawkmoon Res Headwater Gold Headwater Gold* Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl* Hemlo Expl HFX Holding Highbank Res Highbury Proj HighGold HighGold* Highland Copp Highland Copp* Highway 50 Gld HiHo Silver* Hochschild Mg* Homerun Res Honey Badger Honey Badger* Horizonte Mnls HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hylands Intl i-80 Gold i-80 Gold*

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

113 421 1267 236 91 55 569 481 2402 8790 147 178 399 4 580 951 16 157 99 5298 186 199 646 6 383 0 154 654 629 382 13 2241 3402 6 554 3313 1 6 0 2 0 18 91 125 27 651 13 51 42096 3392 395 60 29 436 593 263 22 42048 188 337 172 26 140 14 0 4 172 58 783 517 31 150 70 35 1789 451 1642 8445 6996 616 172 20 173 0 1218 138

1.03 1.11 1.40 0.45 0.48 11.42 14.39 0.00 0.64 0.51 0.06 0.36 0.14 0.04 0.07 0.08 0.66 0.16 0.13 0.11 0.75 0.16 0.20 0.03 0.04 0.00 0.11 0.31 0.38 0.30 0.00 0.38 0.47 0.08 0.10 0.13 0.47 0.60 0.00 0.02 0.06 0.06 0.28 0.22 0.40 0.06 0.28 0.37 3.48 0.07 0.06 0.11 0.15 0.03 0.10 0.25 0.20 6.26 0.69 0.82 1.95 0.24 0.33 0.03 0.00 0.20 1.34 1.11 0.10 0.08 0.38 0.02 2.19 0.08 0.08 0.06 0.17 6.64 8.39 0.07 0.06 0.05 0.06 0.00 3.33 2.70

I-Minerals* I-Minerals IAMGOLD IAMGOLD* Icon Explor* Iconic Mnls Iconic Mnls * Idaho Champion* Idaho Champion IEMR Res IM Exploration iMetal Res* iMetal Res IMPACT Silver Impala Platnm* Imperial Metal Imperial Metal* Imperial Mg Gr* Imperial Mg Gr Inca One Gold* Inca One Gold Inception Mng * Independence G* Independence G Indiana Res* Indigo Expl Infield Min Infinite Ore Infinite Ore* Inflection Res Infrastructure* Inomin Mines Intact Gold Integra Res Integra Res* Inter-Rock Mnl Inter-Rock Mnl* Interconnect Intercontinent* Intercontinent Interra Copper Interra Copper* Intl Battery* Intl Battery Intl Bethl Mng* Intl Bethl Mng Intl Lithium Intl Lithium* Intl Prospect Intl Prospect * Intl Star* Intl Tower Hil* Intl Tower Hil Intl Zeolite Intl Zeolite* Intrepid Pots* Inventus Mg * Inventus Mg InZinc Mining InZinc Mining* Ion Energy* 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 Jasper Mining* Jasper Mining Jaxon Mining* Jaxon Mining Jayden Res* Jayden Res Jazz Res Jervois Mining Jervois Mining* Josemaria Res Joshua Gold* Jourdan Res Jubilee Gold Jubilee Metals* Juggernaut Exp* Juggernaut Exp Jupiter Gold*

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

1 7 9587 57324 1 199 200 210 647 46 138 185 254 1203 1 83 21 324 1326 6 34 345 7 373 0 31 264 132 48 138 254 472 220 482 1720 5 25 0 0 0 1212 163 72 23 14 893 8291 5280 1375 520 80524 642 32 313 55 680 22 426 7691 254 162 306 106 196 3228 13 31 886 572 7673 25 0 86 196 561 189 379 476 9 4 90 219 0 168 108 1046 1216 924 1673 2394 0 50 13 245 2

0.02 0.03 3.16 2.50 0.06 0.22 0.18 0.09 0.11 0.03 0.13 0.06 0.08 0.59 13.00 4.23 3.20 0.15 0.19 0.29 0.37 0.01 0.05 0.08 0.05 0.10 0.13 0.08 0.07 0.22 0.01 0.11 0.06 3.61 2.87 0.47 0.37 0.00 0.00 0.00 0.14 0.10 0.62 0.77 0.04 0.07 0.11 0.09 0.25 0.24 0.01 0.85 1.11 0.21 0.17 30.43 0.16 0.21 0.06 0.05 0.36 0.45 1.25 0.99 6.61 0.95 1.20 0.35 7.74 9.52 0.32 0.00 0.08 0.03 4.39 3.46 0.27 0.34 0.05 0.08 0.05 0.07 0.00 0.65 0.60 0.51 0.40 1.18 0.04 0.06 0.00 0.24 0.16 0.21 1.33

Low

Last

12-month Change

0.94 1.00 + 1.03 1.07 1.31 1.37 + 0.41 0.42 unch 0.40 0.41 10.17 10.32 12.80 13.20 0.00 0.00 0.57 0.57 0.45 0.46 0.00 0.05 0.29 0.32 0.12 0.12 0.04 0.04 0.06 0.07 unch 0.06 0.08 + 0.55 0.62 0.12 0.16 + 0.09 0.10 0.08 0.09 + 0.64 0.70 0.10 0.11 0.14 0.14 0.03 0.03 + 0.03 0.04 + 0.00 0.17 unch 0.09 0.11 + 0.25 0.27 + 0.32 0.35 + 0.00 0.27 0.00 0.00 unch 0.29 0.34 0.37 0.43 0.08 0.08 unch 0.06 0.10 + 0.08 0.13 + 0.47 0.47 unch 0.60 0.60 unch 0.00 0.13 unch 0.02 0.02 0.06 0.06 unch 0.00 0.06 unch 0.26 0.27 + 0.19 0.21 + 0.00 0.39 0.00 0.06 + 0.28 0.28 unch 0.00 0.34 3.13 3.23 + 0.06 0.07 unch 0.05 0.05 0.00 0.11 0.00 0.15 + 0.00 0.03 + 0.09 0.09 0.22 0.25 + 0.00 0.19 + 5.50 5.58 0.58 0.63 0.73 0.76 1.50 1.95 + 0.21 0.22 0.27 0.31 + 0.00 0.03 0.00 0.02 unch 0.00 0.20 unch 1.21 1.24 0.97 0.98 0.08 0.08 0.07 0.07 0.31 0.38 + 0.02 0.02 unch 1.95 1.96 0.00 0.07 + 0.07 0.07 unch 0.05 0.05 0.15 0.17 + 5.66 5.69 7.21 7.24 0.07 0.07 unch 0.00 0.06 + 0.04 0.04 0.06 0.06 0.00 0.03 unch 3.00 3.03 2.37 2.38 -

High Low

0.01 0.00 0.02 0.00 0.07 0.83 0.98 0.00 0.03 0.03 0.01 0.03 0.01 0.00 0.00 0.02 0.04 0.04 0.01 0.01 0.05 0.01 0.01 0.00 0.01 0.00 0.02 0.01 0.01 0.01 0.00 0.02 0.03 0.00 0.02 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.03 0.10 0.00 0.00 0.01 0.01 0.01 0.01 0.03 0.02 0.47 0.04 0.08 0.15 0.02 0.04 0.01 0.00 0.00 0.05 0.03 0.02 0.01 0.08 0.00 0.16 0.01 0.00 0.01 0.03 0.55 0.66 0.00 0.00 0.04 0.01 0.00 0.27 0.19

2.40 1.51 1.84 2.86 0.88 14.89 17.92 0.02 1.47 1.16 0.17 0.73 0.72 0.07 0.10 0.12 1.81 0.26 0.70 0.30 0.80 0.27 0.34 0.07 0.09 0.17 0.18 0.50 0.51 0.56 0.00 0.70 0.74 0.20 0.10 0.13 0.65 0.80 0.20 0.15 0.11 0.16 0.62 0.49 0.63 0.15 0.39 0.62 6.40 0.18 0.15 0.20 0.27 0.05 0.20 0.65 0.27 9.44 1.47 2.03 2.11 0.66 0.90 0.11 0.03 0.23 3.00 2.30 0.15 0.12 0.47 0.05 3.77 0.13 0.18 0.21 0.18 9.60 11.62 0.38 0.29 0.23 0.20 0.06 3.54 2.83

0.36 0.10 0.13 0.40 0.40 10.08 12.80 0.00 0.53 0.42 0.05 0.24 0.07 0.04 0.05 0.03 0.25 0.08 0.09 0.05 0.14 0.07 0.10 0.02 0.03 0.14 0.06 0.20 0.27 0.21 0.00 0.11 0.16 0.07 0.03 0.04 0.45 0.57 0.09 0.01 0.04 0.06 0.22 0.16 0.34 0.04 0.22 0.27 3.11 0.05 0.04 0.00 0.14 0.02 0.08 0.20 0.18 4.32 0.10 0.71 0.65 0.21 0.27 0.03 0.01 0.20 1.07 0.83 0.04 0.03 0.19 0.01 1.90 0.04 0.06 0.00 0.10 3.82 5.11 0.07 0.05 0.01 0.05 0.03 2.26 1.88

0.01 0.00 0.21 0.17 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.02 0.98 0.33 0.22 0.00 0.01 0.02 0.03 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.02 0.00 0.04 0.01 0.46 0.40 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.05 0.00 0.01 0.03 0.02 0.03 0.04 0.00 0.06 0.08 0.06 0.04 1.05 0.00 0.02 0.02 0.01 0.01 0.02 0.04 0.02 0.53 0.03 0.03 0.06 0.50 0.56 0.00 0.00 0.01 0.00 0.08 0.06 0.04 0.03 0.00 0.00 0.00 0.00 0.00 0.05 0.01 0.03 0.04 0.09 0.01 0.01 0.00 0.02 0.00 0.01 0.16

0.05 0.06 5.69 4.32 0.13 0.37 0.30 0.25 0.30 0.05 0.33 0.15 0.20 1.22 21.00 6.25 4.92 0.90 0.24 0.55 0.67 0.05 0.17 0.23 0.07 0.11 0.42 0.23 0.19 0.55 0.14 0.23 0.12 5.16 4.08 0.49 0.39 0.11 0.20 0.26 0.34 0.27 0.78 0.99 0.09 0.12 0.16 0.13 0.25 0.40 0.01 1.90 2.60 0.33 0.24 39.19 0.26 0.33 0.06 0.05 1.40 0.67 3.42 2.80 6.61 1.55 1.90 0.35 8.28 10.22 0.42 0.08 0.11 0.06 11.30 9.30 0.38 0.47 0.13 0.21 0.08 0.10 0.83 1.05 0.60 0.61 0.51 1.22 0.20 0.18 0.90 0.32 0.41 0.52 2.25

0.01 0.03 2.75 2.16 0.00 0.09 0.07 0.08 0.10 0.02 0.08 0.06 0.08 0.42 8.64 2.91 2.16 0.08 0.07 0.18 0.33 0.01 0.05 0.06 0.04 0.06 0.10 0.04 0.04 0.20 0.00 0.06 0.05 3.13 2.45 0.37 0.31 0.07 0.08 0.09 0.10 0.07 0.06 0.09 0.01 0.02 0.04 0.03 0.09 0.07 0.00 0.76 0.95 0.04 0.03 7.94 0.08 0.10 0.03 0.02 0.13 0.27 1.09 0.85 0.91 0.88 0.23 0.02 3.27 4.51 0.25 0.03 0.05 0.03 3.94 1.25 0.21 0.27 0.03 0.05 0.05 0.06 0.12 0.17 0.20 0.25 0.17 0.62 0.02 0.02 0.65 0.07 0.08 0.11 0.31

I-J-K 0.02 0.02 0.00 0.03 unch 2.77 2.96 + 2.18 2.33 + 0.06 0.06 unch 0.20 0.22 + 0.15 0.17 + 0.08 0.08 0.10 0.10 0.00 0.03 unch 0.12 0.12 unch 0.06 0.06 0.08 0.08 0.49 0.50 0.00 12.20 3.63 3.63 2.85 2.85 0.11 0.13 0.15 0.16 0.00 0.26 0.34 0.34 0.01 0.01 0.05 0.05 + 0.07 0.07 unch 0.05 0.05 unch 0.08 0.08 0.12 0.12 unch 0.00 0.08 + 0.05 0.05 + 0.20 0.20 0.00 0.00 unch 0.00 0.10 0.05 0.05 3.13 3.15 2.45 2.45 0.00 0.47 unch 0.37 0.37 unch 0.00 0.10 unch 0.00 0.13 unch 0.00 0.17 unch 0.11 0.12 0.08 0.10 0.55 0.58 + 0.00 0.74 + 0.04 0.04 unch 0.04 0.05 + 0.08 0.10 + 0.06 0.08 + 0.16 0.21 + 0.14 0.16 + 0.01 0.01 + 0.75 0.77 0.95 0.97 0.16 0.16 0.12 0.13 28.04 30.12 + 0.16 0.16 0.18 0.20 0.03 0.05 + 0.02 0.03 + 0.34 0.34 0.43 0.43 1.09 1.15 + 0.85 0.92 4.98 5.26 + 0.88 0.93 1.05 1.18 + 0.24 0.30 + 6.86 6.90 8.73 8.82 0.32 0.32 unch 0.00 0.04 unch 0.00 0.08 + 0.03 0.03 unch 3.93 4.04 3.10 3.19 0.23 0.23 0.29 0.30 0.05 0.05 unch 0.00 0.08 unch 0.05 0.05 unch 0.06 0.07 unch 0.00 0.49 unch 0.00 0.65 + 0.56 0.59 0.47 0.50 + 0.36 0.40 + 1.04 1.05 0.03 0.04 + 0.05 0.06 + 0.00 0.87 unch 0.23 0.24 + 0.15 0.15 0.19 0.19 0.90 1.06 +

(100s) Stock

Exc Volume

Week High

K2 Gold K9 Gold* K92 Mining K92 Mining* Kainantu Res Kaizen Discov Kaizen Discvry* Kalo Gold Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* Kenadyr Metals* Kenadyr Metals Kenorland Min Kermode Res Kesselrun Res Kesselrun Res* Kestrel Gold KGL Resources KGL Resources* Kincora Copper* Kincora Copper King Global* King Global Kingfisher Met* Kingfisher Met Kingman Min* Kingman Min Kings Bay Res Kingsmen Res Kingsmen Res* Kinross Gold Kinross Gold* Kintavar Exp Kiplin Metals Kiplin Metals* Kirkland Lake Kirkland Lake* Klondike Gold Klondike Gold* Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kootenay Zinc* Kore Mining * Kore Mining Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

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

287 497 14171 676 74 323 204 46 726 125 161 29 740 68936 103 177 115 52 402 201 570 13 4 3 286 170 577 226 1103 115 231 15 21 1 27188 73712 335 82 3 7343 8694 324 19 557 1733 74 42 2075 952 1233 2056 0 156 314 383 177 159 2609 152

0.24 0.31 7.28 5.73 0.24 0.06 0.04 0.25 1.00 0.28 0.19 0.65 2.65 0.01 0.17 0.14 0.75 0.03 0.15 0.11 0.09 0.20 0.15 0.12 0.17 0.05 0.07 0.45 0.55 0.05 0.07 0.16 0.16 0.13 7.52 5.94 0.21 0.96 0.75 55.33 43.71 0.18 0.15 0.06 0.07 1.13 0.47 0.54 0.19 0.23 0.04 0.00 0.38 0.46 0.68 1.39 1.12 0.05 0.04

Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources* Lakewood Expl Lakewood Expl* Lara Expl Laramide Res Laredo Res* Largo Res* Largo Res Lasalle Explor* Lasalle Explor Latin Metals Latin Metals* Laurion Mnl Ex Laurion Mnl Ex* Leading Edge* Leading Edge Leeta Gold Legion Metals Leo Res* Leocor Gold Leocor Gold* Lepanto Con Mg* Leviathan Gold Leviathan Gold* Libero Copper Libero Copper* Liberty Gold* Liberty One Li Liberty One Li* Lida Resources* Lido Minerals Lightspeed Dis Lincoln Mng Lion One Mtls Lion One Mtls* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithium South* Lithoquest Res* Lithoquest Res LKA Gold* Lode-Star Mg* Logan Res Lomiko Mtls Lomiko Mtls* Loncor Res* Loncor Res Lone Star Gold* Los Andes* 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*

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

1132 2500 141 54 2562 2593 574 395 59 6231 2619 515 284 13 137 22 8 669 68 460 402 7800 930 0 43 143 1549 69 13 449 263 783 32 18 3 471 0 22 300 332 5682 30854 647 453 1434 22 93 299 11 143 2 52 0 1745 732 24 283 10 0 4 109 110 778 353 371 9 23 428 246 245 1037 1047 17450 461 259 293 728 616

0.82 1.02 0.18 33.36 43.15 0.40 0.62 0.48 0.68 1.03 0.01 13.26 16.75 0.12 0.16 0.18 0.12 0.53 0.42 0.21 0.27 3.98 0.23 0.00 0.70 0.57 0.00 0.20 0.16 0.44 0.35 0.91 0.47 0.37 0.63 0.37 0.00 0.22 1.18 0.93 31.22 24.72 0.47 0.37 0.37 0.10 0.13 0.49 0.08 0.11 0.03 0.10 0.00 0.12 0.09 0.55 0.69 0.94 5.55 7.40 0.24 0.19 0.70 0.08 0.10 0.40 0.49 0.67 0.54 0.65 11.33 8.03 9.89 0.04 0.06 0.01 5.80 5.83

Macarthur Min Macarthur Min* MacDonald Mns* MacDonald Mns Madeira Mrnls Madoro Metals* Madoro Metals MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Mining Magna Terra* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold Major Precious Major Precious* Makara Mining* Makara Mining Makena Res* Mako Mining* Mako Mining Mammoth Res * Mammoth Res Mandalay Res Mandalay Res* Manganese X* Manganese X Mangazeya Mng Mangazeya Mng* Manitou Gold * Manitou Gold Manning Vent Mantaro Silver Mantaro Silver* Maple Gold* Maple Gold Marathon Gold* Marathon Gold

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

191 58 249 410 0 15 1019 1654 29 65 48 167 3 343 373 54 416 387 5 154 144 173 771 781 35 136 131 10 323 722 4 3 37 378 84 664 83 591 670 462 3383

0.56 0.43 0.04 0.05 0.00 0.07 0.11 24.50 1.03 0.86 0.70 0.40 0.10 0.13 0.07 0.05 0.06 0.39 0.30 0.17 0.19 0.60 0.27 0.34 0.10 0.15 2.52 1.97 0.26 0.33 0.08 0.04 0.06 0.08 0.17 0.25 0.22 0.29 0.34 2.97 3.73

Low

Last

12-month Change

0.21 0.22 0.23 0.25 6.31 6.45 4.96 5.02 0.22 0.23 + 0.00 0.05 unch 0.04 0.04 + 0.24 0.25 0.87 0.87 0.11 0.28 + 0.16 0.17 0.50 0.50 + 2.45 2.63 + 0.00 0.00 0.00 0.17 + 0.13 0.13 unch 0.70 0.70 0.00 0.02 0.00 0.14 0.10 0.10 + 0.07 0.07 0.00 0.20 + 0.15 0.15 + 0.12 0.12 0.16 0.16 + 0.05 0.05 unch 0.06 0.06 unch 0.37 0.38 0.47 0.50 0.05 0.05 0.07 0.07 0.14 0.14 0.00 0.16 unch 0.13 0.13 unch 6.91 6.98 5.43 5.48 0.18 0.19 0.88 0.92 + 0.00 0.75 + 51.47 52.54 + 40.65 41.23 + 0.00 0.18 0.13 0.13 0.05 0.05 + 0.06 0.06 1.01 1.05 + 0.36 0.37 0.46 0.48 0.15 0.15 0.19 0.20 0.02 0.03 0.00 0.03 unch 0.30 0.30 0.39 0.40 0.52 0.67 + 1.24 1.29 0.98 1.02 0.05 0.05 0.04 0.04 unch

High Low

0.03 0.01 0.40 0.35 0.01 0.00 0.00 0.01 0.11 0.17 0.02 0.03 0.18 0.00 0.07 0.00 0.04 0.01 0.01 0.00 0.01 0.03 0.01 0.00 0.01 0.00 0.00 0.03 0.02 0.00 0.01 0.03 0.00 0.00 0.25 0.23 0.02 0.04 0.07 1.12 0.71 0.01 0.01 0.00 0.01 0.01 0.07 0.07 0.03 0.03 0.01 0.00 0.05 0.05 0.14 0.04 0.07 0.01 0.00

0.96 0.66 9.36 7.60 0.40 0.09 0.07 0.59 1.95 0.30 0.31 0.94 3.88 0.02 0.17 0.50 1.75 0.06 0.47 0.37 0.24 0.60 0.44 0.29 0.48 0.09 0.12 0.56 0.80 0.18 0.24 0.28 0.24 0.16 13.59 10.32 0.24 0.96 0.75 72.40 54.93 0.27 0.25 0.26 0.34 2.51 0.47 0.61 0.40 0.48 1.00 0.22 1.55 2.01 4.09 3.13 2.47 0.05 0.04

0.21 0.21 5.77 4.46 0.18 0.03 0.02 0.24 0.26 0.10 0.16 0.32 2.25 0.00 0.10 0.13 0.65 0.02 0.13 0.10 0.07 0.17 0.01 0.12 0.15 0.03 0.04 0.33 0.40 0.05 0.06 0.05 0.14 0.10 6.92 5.45 0.07 0.11 0.01 40.07 31.72 0.17 0.13 0.03 0.05 0.80 0.18 0.23 0.15 0.19 0.02 0.02 0.32 0.40 0.13 1.09 0.83 0.01 0.00

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

0.20 0.24 0.01 2.33 2.51 0.02 0.03 0.00 0.01 0.09 0.00 0.94 1.05 0.01 0.01 0.00 0.00 0.02 0.02 0.01 0.02 0.25 0.04 0.00 0.02 0.01 0.00 0.01 0.00 0.04 0.03 0.12 0.02 0.02 0.04 0.03 0.00 0.02 0.05 0.03 1.56 1.07 0.03 0.00 0.01 0.02 0.02 0.07 0.01 0.01 0.01 0.02 0.00 0.01 0.01 0.01 0.03 0.24 0.00 0.65 0.02 0.00 0.05 0.00 0.00 0.06 0.04 0.05 0.04 0.03 0.51 0.59 0.70 0.00 0.01 0.00 0.23 0.25

1.50 1.85 0.95 42.40 50.45 0.50 0.77 0.66 0.89 1.03 0.09 18.71 22.96 0.18 0.23 0.24 0.18 0.75 0.61 0.35 0.45 7.25 0.42 0.50 1.00 1.47 0.01 0.99 0.65 0.89 0.73 1.78 0.90 1.00 2.00 0.41 0.35 0.25 2.02 1.54 36.60 28.75 1.15 0.89 1.22 0.26 0.33 0.92 0.11 0.15 0.19 0.28 0.37 0.28 0.22 0.97 1.16 4.20 8.55 11.11 0.60 0.27 1.00 0.54 0.18 0.54 0.66 1.00 0.79 0.94 12.93 13.11 16.07 0.07 0.08 0.05 5.80 5.83

0.24 0.30 0.01 18.13 23.47 0.03 0.25 0.26 0.62 0.21 0.00 12.41 8.90 0.10 0.11 0.10 0.08 0.18 0.14 0.12 0.16 0.32 0.17 0.00 0.35 0.44 0.00 0.17 0.14 0.35 0.27 0.74 0.39 0.01 0.26 0.17 0.11 0.11 1.00 0.80 9.06 6.71 0.12 0.09 0.14 0.05 0.06 0.17 0.04 0.05 0.03 0.05 0.09 0.04 0.03 0.38 0.50 0.62 2.89 3.80 0.09 0.12 0.45 0.04 0.06 0.18 0.28 0.61 0.48 0.52 9.11 5.00 6.68 0.00 0.04 0.00 1.65 1.65

0.50 0.51 0.39 0.39 0.00 0.03 + 0.04 0.05 + 0.00 0.03 unch 0.07 0.07 0.09 0.10 + 21.97 22.10 0.83 0.95 0.81 0.83 0.65 0.66 0.37 0.40 + 0.09 0.09 0.11 0.11 0.06 0.07 + 0.05 0.05 + 0.00 0.06 unch 0.35 0.37 0.27 0.27 0.11 0.13 0.00 0.16 0.45 0.45 0.25 0.26 0.31 0.32 0.10 0.10 + 0.00 0.15 2.25 2.25 1.84 1.84 0.22 0.23 + 0.28 0.29 unch 0.00 0.08 + 0.04 0.04 unch 0.06 0.06 0.07 0.08 unch 0.15 0.16 + 0.23 0.23 0.18 0.19 0.25 0.25 0.32 0.32 2.47 2.49 3.15 3.23 -

0.06 0.06 0.00 0.01 0.00 0.00 0.01 0.59 0.11 0.03 0.03 0.02 0.02 0.02 0.01 0.00 0.00 0.01 0.04 0.03 0.03 0.13 0.01 0.02 0.00 0.01 0.19 0.08 0.01 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.03 0.03 0.03 0.21 0.20

0.70 0.54 0.09 0.12

0.36 0.30 0.03 0.04

0.14 0.19 31.21 1.54 1.35 1.07 0.65 0.18 0.27 0.11 0.07 0.07 0.76 2.00 0.92 1.17 1.75 0.39 0.45 0.39 0.21 3.68 3.00 0.85 1.11 0.10 0.09 0.10 0.13 0.72 0.57 0.50 0.42 0.56 3.00 3.73

0.05 0.09 17.88 0.75 0.81 0.65 0.30 0.09 0.11 0.04 0.03 0.05 0.13 0.15 0.08 0.10 0.37 0.19 0.25 0.00 0.04 1.17 0.74 0.13 0.17 0.07 0.04 0.03 0.05 0.13 0.22 0.18 0.10 0.13 0.65 2.04

L 0.59 0.74 0.15 30.87 39.09 0.35 0.54 0.38 0.64 0.82 0.01 11.96 15.25 0.10 0.13 0.00 0.12 0.49 0.39 0.18 0.22 3.55 0.19 0.00 0.00 0.45 0.00 0.19 0.15 0.38 0.30 0.76 0.40 0.31 0.00 0.30 0.00 0.00 1.07 0.85 27.28 21.54 0.42 0.32 0.33 0.08 0.10 0.38 0.07 0.10 0.02 0.00 0.00 0.10 0.08 0.51 0.64 0.00 5.55 0.00 0.22 0.19 0.63 0.07 0.00 0.35 0.00 0.59 0.47 0.55 10.28 6.90 8.77 0.03 0.00 0.01 5.42 5.35

0.61 0.78 0.16 31.05 39.59 0.36 0.59 0.45 0.65 0.85 0.01 12.02 15.35 0.12 0.14 0.18 0.12 0.53 0.42 0.18 0.23 3.55 0.23 0.03 0.66 0.50 0.00 0.19 0.15 0.42 0.33 0.78 0.40 0.33 0.36 0.32 0.11 0.22 1.12 0.88 30.09 23.57 0.47 0.35 0.34 0.08 0.13 0.45 0.08 0.11 0.02 0.10 0.30 0.11 0.08 0.51 0.65 0.70 5.55 7.25 0.22 0.19 0.63 0.08 0.09 0.40 0.45 0.61 0.48 0.56 10.48 7.09 9.03 0.04 0.05 0.01 5.45 5.46

WWW.NORTHERNMINER.COM

SEPTEMBER 27—OCTOBER 10, 2021 / THE NORTHERN MINER

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

Exc Volume

Margaret Lake Margaret Lake* Marifil Mines* Marifil Mines Marimaca Cop* Marimaca Cop Maritime Res Martina Mnls MartinMarietta* Marvel Discov* Marvel Discov Mas Gold Mascota Res* Masivo Silver Masivo Silver* 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* Mayfair Gold* Mayfair Gold Mazarin McChip Res McEwen Mng* McEwen Mng McLaren Res MDN Inc* Mechel* Medallion Res* Medallion Res Medaro Mining Medaro Mining* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium* Mega Uranium MegaWatt Lith MegaWatt Lith* MegumaGold* MegumaGold Melior Res Melkior Res Melkior Res* Meridian Mg Meridian Mg * Meryllion Res* Meryllion Res MetalCorp Metalex Vent Metallic Mnrls Metallic Mnrls* Metallica Met Metallica Met* Metallica Min* Metallis Res Metallum Res Metalore Res Metalore Res* Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* MGX Minerals MGX Minerals* Midasco Cap Midland Expl Midnight Star Midnight Sun* Midnight Sun MillenMin Vent Millennial Lit* Millennial Lit Millennial Pr Millennium Sil Millrock Res* Millrock Res Milner Con Slv Minaurum Gold Minaurum Gold* Minco Silver* Minco Silver Minera Alamos * Minera Alamos Minera IRL Minera IRL* Mineral Hill Mineral Mtn* Mineral Mtn Mineral Res* MineralRite* Mineworx Tech* Mineworx Tech Minfocus Expl Mining Global* Minnova Corp Minsud Res Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Monarca Mnrls* Monarca Mnrls Monarch Min* Monarch Mining Moneta Porcpn Monitor Vent* Monitor Vent Montage Gold Montage Gold* Montego Res Montego Res* Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Monumental Gld Morien Res* Morien Res Mosaic* Mosaic Min Mount Gibson * Mountain Boy Mountain Boy* Mountain Prov* Mountain Prov MPV Explor Mundoro Cap* Mundoro Cap Murchison Min* Murchison Min Musgrave Min* Musk Metals Musk Metals*

V 1247 O 7 O 317 V 247 O 11 T 55 V 773 V 0 N 2167 O 404 V 1165 V 335 O 1 V 45 O 56 V 464 O 194 V 44 C 1368 O 541 T 186 X 963 O 89 T 465 V 1407 C 261 O 183 O 0 O 11 V 319 V 20 V 4 N 19230 T 777 C 270 O 33 N 5386 O 546 V 323 C 959 O 472 O 116 V 892 O 25559 V 1 O 9882 T 15432 C 420 O 140 O 757 C 827 V 0 V 16 O 17 V 5221 O 1215 O 2 C 74 V 166 V 931 V 943 O 871 C 552 O 52 O 12 V 141 V 156 V 1 O 1 O 116 V 533 O 293 V 182 O 19 C 1522 O 1258 V 0 V 190 C 367 O 12 V 65 V 0 O 174 V 2672 V 431 V 301 O 1179 V 1163 V 225 V 1284 O 569 O 21 T 364 O 769 V 1073 C 2040 O 37 V 41 O 176 V 395 O 6 O 210834 O 352 V 294 V 857 O 49924 V 81 V 266 V 191 C 334 V 55 O 90 V 552 O 1072 V 1991 O 79 T 112 T 264 O 0 V 0 V 344 O 19 C 28 O 0 C 39 O 301 V 199 V 525 O 80 V 91 O 524 V 1133 N 17710 C 419 O 2381 V 66 O 5 O 128 T 595 C 266 O 37 V 218 O 2 V 431 O 2 C 726 O 39

NA Frac Sand* NACCO Ind* Namibia Crit Namibia Crit* Natural Res Pt* Nautilus Mnrls* Navis Res Corp* NEO Battery NEO Battery* Neo Lithium Neometals* Network Expl Network Expl* Nevada Canyon* Nevada Copper Nevada Expl * Nevada Expl Nevada King* Nevada King Nevada Silver Nevada Sunrise Nevada Sunrise* Nevada Zinc Nevado Res NevGold* NevGold New Age Metals*

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

Week High

Low

Last

12-month Change

0.06 0.04 0.05 0.03 0.03 0.03 unch 0.04 0.04 0.04 + 0.06 0.05 0.05 3.15 3.00 3.15 + 4.08 3.75 3.80 0.15 0.13 0.14 0.00 0.00 0.07 unch 375.60 340.87 342.73 0.12 0.10 0.10 0.15 0.13 0.13 0.12 0.00 0.11 2.51 2.51 2.51 unch 0.09 0.00 0.09 0.08 0.07 0.07 0.57 0.51 0.53 + 0.45 0.40 0.42 + 0.21 0.00 0.21 + 0.04 0.03 0.03 unch 0.01 0.00 0.00 + 6.11 5.60 5.78 + 4.83 4.40 4.56 + 0.18 0.16 0.17 0.23 0.21 0.21 0.25 0.18 0.19 0.06 0.05 0.05 0.05 0.04 0.04 + 0.00 0.00 0.01 unch 0.65 0.64 0.65 + 0.84 0.76 0.79 0.12 0.00 0.12 unch 1.10 0.00 0.95 1.21 1.11 1.11 1.53 1.41 1.43 0.07 0.06 0.07 + 0.40 0.32 0.34 4.74 3.86 3.86 0.15 0.12 0.14 + 0.20 0.16 0.18 + 0.84 0.63 0.72 0.70 0.50 0.56 0.04 0.02 0.03 0.03 0.03 0.03 0.00 0.00 0.00 + 0.14 0.00 0.14 unch 0.34 0.26 0.28 + 0.42 0.33 0.35 + 0.26 0.22 0.23 0.21 0.17 0.18 0.04 0.04 0.04 0.06 0.05 0.05 0.00 0.00 0.08 unch 0.32 0.00 0.30 0.24 0.00 0.24 0.94 0.68 0.86 + 0.77 0.55 0.67 + 0.07 0.07 0.07 unch 0.10 0.09 0.09 0.05 0.05 0.05 + 0.05 0.04 0.04 0.42 0.33 0.40 + 0.33 0.26 0.31 + 0.23 0.17 0.17 0.18 0.14 0.14 0.02 0.02 0.02 unch 0.35 0.00 0.30 0.09 0.00 0.09 + 2.26 0.00 2.26 1.88 1.88 1.88 unch 0.12 0.09 0.10 0.14 0.12 0.12 0.26 0.22 0.26 + 0.31 0.27 0.27 0.06 0.06 0.06 0.05 0.04 0.04 unch 0.04 0.03 0.03 0.00 0.00 0.12 unch 0.68 0.60 0.60 0.40 0.35 0.37 0.29 0.00 0.24 0.33 0.00 0.31 0.00 0.00 0.05 unch 3.26 3.00 3.20 + 4.15 3.74 4.09 + 0.42 0.33 0.33 0.02 0.00 0.02 unch 0.06 0.05 0.05 0.08 0.00 0.07 unch 0.11 0.08 0.11 + 0.30 0.24 0.24 0.23 0.19 0.19 0.30 0.00 0.27 0.39 0.30 0.30 0.51 0.45 0.46 0.64 0.57 0.58 0.11 0.09 0.11 + 0.08 0.07 0.07 + 0.25 0.22 0.22 0.14 0.12 0.13 + 0.17 0.15 0.16 + 42.00 0.00 42.00 unch 0.00 0.00 0.00 unch 0.08 0.07 0.08 0.11 0.10 0.11 + 0.21 0.00 0.17 unch 0.00 0.00 0.00 + 0.19 0.16 0.17 unch 0.11 0.07 0.11 + 0.39 0.33 0.34 0.09 0.08 0.08 unch 0.49 0.44 0.47 + 0.10 0.08 0.09 + 0.13 0.00 0.11 0.09 0.07 0.08 + 0.11 0.09 0.09 + 0.65 0.60 0.61 0.82 0.77 0.78 1.93 1.73 1.73 0.00 0.00 0.11 unch 0.00 0.00 0.14 unch 0.68 0.64 0.65 0.54 0.51 0.51 0.02 0.02 0.02 unch 0.00 0.00 0.01 unch 0.73 0.54 0.54 0.07 0.06 0.06 0.10 0.00 0.08 0.14 0.13 0.13 0.10 0.09 0.09 0.48 0.42 0.44 0.41 0.27 0.30 0.47 0.35 0.39 34.15 31.66 33.61 + 0.13 0.12 0.12 0.00 0.00 0.44 unch 0.20 0.19 0.20 + 0.16 0.16 0.16 + 0.37 0.33 0.35 0.47 0.42 0.44 0.33 0.30 0.30 0.17 0.15 0.16 0.21 0.20 0.20 0.06 0.00 0.06 + 0.08 0.00 0.08 unch 0.23 0.23 0.23 unch 0.09 0.00 0.07 0.09 0.05 0.05 -

High Low

0.01 0.13 0.03 0.00 0.09 0.02 0.00 0.07 0.03 0.01 0.09 0.04 0.09 4.55 2.36 0.11 5.85 2.75 0.01 0.24 0.12 0.00 0.18 0.05 26.76 391.76 215.74 0.01 0.20 0.04 0.01 0.22 0.05 0.01 0.25 0.06 0.00 3.25 1.40 0.01 0.25 0.03 0.01 0.12 0.01 0.01 1.19 0.18 0.01 0.94 0.13 0.01 0.27 0.13 0.00 0.09 0.02 0.00 0.10 0.00 0.07 7.78 5.57 0.04 6.40 4.33 0.01 0.39 0.16 0.02 0.52 0.21 0.06 0.55 0.14 0.01 0.10 0.05 0.00 0.08 0.03 0.00 1.26 0.01 0.01 1.63 0.64 0.01 2.15 0.76 0.00 0.20 0.05 0.15 1.45 0.43 0.04 1.71 0.90 0.02 2.07 1.15 0.01 0.10 0.05 0.05 2.00 0.32 0.43 5.19 1.29 0.01 0.59 0.11 0.02 0.75 0.14 0.06 1.43 0.45 0.06 1.81 0.50 0.00 0.08 0.02 0.01 0.11 0.03 0.00 0.01 0.00 0.00 0.28 0.11 0.01 0.34 0.08 0.01 0.42 0.11 0.01 1.17 0.22 0.01 0.90 0.17 0.01 0.14 0.04 0.01 0.18 0.05 0.00 0.08 0.05 0.02 1.24 0.24 0.00 1.00 0.23 0.12 0.94 0.11 0.09 0.77 0.14 0.00 0.12 0.00 0.02 0.20 0.05 0.01 0.11 0.03 0.01 0.13 0.03 0.03 0.88 0.33 0.02 0.71 0.26 0.05 0.57 0.12 0.04 0.45 0.09 0.00 0.04 0.01 0.05 0.57 0.23 0.01 0.20 0.08 0.10 3.50 2.20 0.00 2.62 1.78 0.01 0.20 0.03 0.02 0.21 0.05 0.04 0.27 0.05 0.05 0.59 0.18 0.00 0.13 0.06 0.00 0.11 0.04 0.00 0.09 0.03 0.00 0.15 0.07 0.07 1.10 0.60 0.02 0.71 0.12 0.02 0.40 0.00 0.02 0.42 0.18 0.00 0.11 4.16 0.84 0.17 5.25 1.24 0.06 0.74 0.35 0.00 0.04 0.01 0.00 0.15 0.05 0.00 0.21 0.06 0.04 0.20 0.07 0.02 0.69 0.24 0.02 0.54 0.20 0.05 0.55 0.26 0.09 0.68 0.33 0.02 0.63 0.38 0.02 0.78 0.48 0.02 0.25 0.08 0.00 0.17 0.06 0.02 0.30 0.13 0.01 0.27 0.11 0.01 0.33 0.14 0.00 44.65 18.30 0.00 0.00 0.00 0.01 0.08 0.04 0.01 0.18 0.05 0.00 0.48 0.16 0.00 0.00 0.00 0.00 0.49 0.16 0.04 0.10 0.04 0.01 0.69 0.33 0.00 0.41 0.07 0.03 0.59 0.10 0.01 0.12 0.06 0.01 0.15 0.09 0.00 0.20 0.04 0.01 0.30 0.05 0.03 0.90 0.59 0.03 1.31 0.59 0.20 2.85 0.69 0.00 0.37 0.09 0.00 0.43 0.10 0.02 1.27 0.63 0.03 0.85 0.50 0.00 0.04 0.01 0.00 0.02 0.01 0.10 6.00 0.21 0.01 0.86 0.06 0.02 0.95 0.08 0.01 0.21 0.07 0.01 0.16 0.00 0.01 0.65 0.28 0.05 0.41 0.10 0.05 0.47 0.13 1.83 38.23 16.01 0.01 0.19 0.05 0.00 0.74 0.44 0.01 0.56 0.16 0.01 0.41 0.13 0.01 0.64 0.25 0.01 0.82 0.34 0.04 1.35 0.29 0.00 0.27 0.11 0.01 0.35 0.15 0.01 0.09 0.03 0.00 0.11 0.06 0.00 0.45 0.22 0.02 0.22 0.06 0.01 0.16 0.00

N-O 9709 66 328 393 117 1411 27 2973 328 1517 196 355 48 10 31104 884 1086 415 488 320 460 329 345 0 12 52 834

0.01 26.70 0.26 0.20 21.47 0.00 1.86 0.81 0.65 4.88 0.71 0.59 0.47 1.01 0.09 0.12 0.15 0.32 0.40 0.38 0.07 0.06 0.14 0.00 0.50 0.64 0.10

0.01 0.01 24.66 26.15 + 0.22 0.22 0.17 0.17 19.90 20.41 0.00 0.00 1.71 1.71 0.73 0.74 0.57 0.57 4.34 4.55 + 0.59 0.68 + 0.48 0.55 0.39 0.43 0.00 1.01 + 0.07 0.08 0.09 0.10 0.12 0.12 0.23 0.29 0.36 0.36 0.00 0.30 0.06 0.07 0.05 0.05 0.11 0.13 0.00 0.14 unch 0.47 0.48 0.57 0.57 0.07 0.07 -

0.00 0.74 0.02 0.03 0.80 0.00 0.18 0.07 0.05 0.09 0.07 0.06 0.05 0.22 0.01 0.02 0.03 0.03 0.04 0.04 0.01 0.01 0.01 0.00 0.02 0.07 0.01

0.02 30.71 0.43 0.40 22.61 0.04 5.00 1.31 1.21 4.88 0.71 2.05 1.62 1.25 0.32 0.17 0.22 1.50 0.84 0.53 0.28 0.21 0.18 0.19 0.50 0.65 0.19

0.00 17.95 0.19 0.14 11.13 0.00 1.05 0.08 0.00 0.62 0.05 0.22 0.16 0.11 0.06 0.09 0.12 0.23 0.36 0.22 0.05 0.04 0.05 0.10 0.21 0.20 0.04

(100s) Stock

Exc Volume

New Age Metals New Carolin Gd New Carolin Gd* New Destiny Mg New Energy Met* New Energy Met New Found Gold New Gold New Gold* New Guinea Gld* New Jersey Mng* New Klondike* New Oroperu New Pac Metals New Pac Metals* New Placer New Placer* New Stratus New Target Mng New Tech Min* New Tech Min New World Res* Newcore Gold Newcore Gold* Newcrest Mg Newcrest Mg* Newlox Gold Newmac Res Newmont Corp Newmont Corp* Neworigin Gold* Neworigin Gold Newport Expl Newport Gold* NewRange Gold* NewRange Gold Nexa Resources Nexa Resources* Nexgen Energy* Nexgen Energy NextSource Mat Nexus Gold Nexus Gold* NGEx Minerals NGEx Minerals* Nickel 28* Nickel 28 Nickel Creek* Nickel Creek Nickel North Nickel Rock Nickel Rock* Nicola Mg Inc* Nicola Mg Inc Nighthawk Gold* Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nobel29 Res Noble Metal * Noble Metal Noble Mineral* Noble Mineral Noka Res* Noram Vent Noram Vent* Noranda Alum* Norilsk Nickel* Noront Res* Noront Res Norra Metals Norrland Gold Norse Gold Norseman Silv 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 Light* Northern Uran Northisle C&G Northisle C&G * Northstar Gold Northstar Gold* Northwest Cop* Northwest Cop Norvista Cap NorZinc NorZinc* Nouveau Monde Nouveau Monde* NovaGold Res NovaGold Res* Novo Res NovX21* NQ Minerals Pl* Nrthn Graphite Nrthn Graphite* Nrthn Lion Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* Nrthn Vertex* Nrthn Vertex NSGold NSJ Gold 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 O.T. Mining* O2Gold O3 Mining OceanaGold OceanaGold* Oceanic Iron O Oceanus Res* Oceanus Res Odyssey Res Olivut Res* Olivut Res Omai Gold Omai Gold* Omineca Mining* Omineca Mining One World Lith* One World Lith Opawica Expl Opawica Expl* Ophir Gold Ophir Gold* Optimum Vent* Optimum Vent Optimus Gold Opus One Gold* Opus One Gold Orbite Tech* Orca Gold Orca Gold* Ord Mountain Orea Mining Orea Mining* Orefinders Res Orestone Mng Orex Mnrls* Orex Mnrls Orezone Gold Orezone Gold* Orford Mining Origen Res Origen Res* Original Sixtn* Orla Mining Oroco Res Oroco Res*

V 1145 V 1399 O 161 V 40 O 22 V 85 V 1546 T 10232 X 48573 O 1960 O 399 O 4 V 23 T 621 X 672 V 1340 O 146 V 79 V 42 O 2 C 229 O 20 V 150 O 10 T 2 O 4 C 2549 V 0 T 853 N 31965 O 60 V 229 V 725 O 466 O 545 V 609 T 6 N 727 X 24637 T 19324 T 757 V 4375 O 427 V 399 O 62 O 264 V 598 O 625 T 2163 V 154 V 402 O 745 O 320 V 508 O 240 T 296 V 372 V 10 T 443 O 994 V 0 V 1002 O 5 V 132 O 68 V 158 O 4 V 660 O 87 O 9 O 515 O 213 V 682 V 267 V 50 V 0 V 146 O 228 C 78 O 1635 V 3394 V 303 O 84 O 13 V 191 O 131764 O 65 V 75 T 83 C 1779 O 674 V 26601 V 305 O 48 C 281 O 240 O 135 V 781 V 126 T 2247 O 263 V 921 N 837 T 810 X 6597 T 2295 O 932 O 77 V 458 O 202 V 0 O 208 V 1799 V 339 O 377 O 441 V 1729 V 46 C 13 C 152 T 2931 X 84797 O 79 V 277 O 391 C 1890 O 2430 V 3606 N 7359 T 11134 O 328 V 444 O 17 V 147 V 152 T 6757 O 2 V 131 O 520 V 925 V 12 O 418 V 162 V 502 O 282 O 867 V 665 O 141 C 736 V 120 O 68 V 601 O 281 O 12 V 134 V 2 O 95 V 915 O 1905 V 373 O 191 V 0 T 7047 O 8624 V 206 V 61 O 184 V 926 V 637 O 278 V 236 C 638 O 200 O 3 T 1434 V 502 O 629

(100s) Stock

Week

12-month

High

Low

Last

Change

0.12 0.10 0.07 0.05 0.07 0.08 8.50 1.60 1.27 0.01 0.37 0.00 1.85 5.10 4.08 0.09 0.07 0.32 0.18 0.04 0.07 2.05 0.56 0.46 22.40 18.17 0.42 0.00 73.20 57.89 0.10 0.12 0.46 0.02 0.10 0.13 10.80 8.38 6.17 7.81 2.30 0.04 0.06 0.74 0.57 0.88 1.13 0.08 0.10 0.04 0.11 0.09 0.08 0.10 0.67 0.84 0.50 0.14 1.23 0.98 0.00 0.66 0.02 0.02 0.10 0.12 0.38 0.78 0.63 0.01 33.81 0.67 0.82 0.06 0.20 0.00 0.45 0.43 0.56 0.04 0.03 0.30 0.23 0.06 0.08 0.00 0.37 0.51 0.05 0.04 0.03 0.09 0.19 0.15 0.25 0.20 0.48 0.61 0.10 0.07 0.05 8.42 6.69 9.16 7.24 2.05 0.00 0.07 0.42 0.33 0.00 0.20 0.05 0.89 0.71 0.26 0.30 0.28 0.16 0.09 0.65 0.51 0.00 0.33 0.02 0.03 0.05 0.06 64.36 81.44 0.12 0.16 0.07 0.22 2.23 2.53 1.90 0.15 0.46 0.55 0.04 0.05 0.07 0.13 0.10 0.16 0.20 0.06 0.08 0.37 0.30 0.17 0.13 0.53 0.65 0.21 0.04 0.06 0.00 0.52 0.42 0.00 0.28 0.22 0.06 0.06 0.08 0.09 1.30 1.01 0.27 0.38 0.00 0.22 4.81 2.62 2.10

0.10 0.09 0.07 0.00 0.05 0.00 7.15 1.41 1.11 0.00 0.31 0.00 0.00 4.27 3.37 0.08 0.06 0.28 0.00 0.04 0.06 1.78 0.53 0.42 21.86 0.00 0.35 0.00 69.27 54.54 0.10 0.11 0.44 0.01 0.08 0.11 8.50 6.69 5.12 6.53 1.93 0.04 0.03 0.66 0.00 0.65 0.97 0.06 0.08 0.00 0.10 0.07 0.00 0.09 0.63 0.78 0.41 0.00 1.03 0.81 0.00 0.51 0.02 0.00 0.08 0.00 0.36 0.71 0.56 0.01 31.82 0.61 0.80 0.06 0.15 0.00 0.36 0.40 0.50 0.02 0.02 0.26 0.00 0.06 0.08 0.00 0.34 0.43 0.05 0.03 0.03 0.05 0.17 0.14 0.21 0.16 0.43 0.53 0.00 0.05 0.00 6.36 5.07 8.61 6.76 1.74 0.00 0.01 0.38 0.29 0.00 0.18 0.04 0.78 0.61 0.22 0.28 0.26 0.16 0.08 0.51 0.41 0.00 0.28 0.02 0.02 0.04 0.05 60.83 77.16 0.10 0.13 0.00 0.19 2.08 2.22 0.00 0.14 0.36 0.46 0.00 0.04 0.05 0.12 0.09 0.13 0.17 0.05 0.07 0.00 0.27 0.14 0.11 0.47 0.00 0.00 0.03 0.05 0.00 0.48 0.37 0.00 0.21 0.17 0.06 0.00 0.00 0.08 1.17 0.92 0.24 0.33 0.00 0.20 4.45 2.41 1.90

0.10 0.09 0.07 0.05 0.07 + 0.08 7.15 1.54 + 1.22 + 0.00 0.35 + 0.00 unch 1.72 4.27 3.38 0.08 0.06 0.28 0.17 0.04 unch 0.07 + 1.85 0.53 0.42 21.86 17.28 0.35 0.29 unch 70.38 55.22 0.10 unch 0.11 0.46 + 0.02 + 0.09 0.11 8.50 6.70 5.19 6.62 1.95 0.04 0.03 unch 0.69 0.53 0.85 1.01 0.07 + 0.09 + 0.04 0.10 unch 0.08 + 0.08 + 0.10 + 0.63 0.80 0.41 0.13 1.04 0.83 0.03 unch 0.53 0.02 unch 0.02 unch 0.09 + 0.11 unch 0.38 + 0.78 + 0.60 + 0.01 32.06 0.64 0.81 0.06 unch 0.20 unch 0.06 unch 0.37 0.40 0.51 0.02 0.02 0.26 0.21 0.06 + 0.08 0.00 + 0.36 unch 0.46 unch 0.05 0.03 0.03 0.05 0.17 0.14 0.23 + 0.18 + 0.45 0.58 0.09 0.07 + 0.05 + 7.64 6.20 8.68 6.83 2.04 + 0.00 + 0.07 + 0.40 + 0.30 + 0.40 unch 0.20 + 0.05 + 0.84 0.67 0.22 0.29 + 0.28 + 0.16 unch 0.08 0.63 + 0.49 0.00 unch 0.32 + 0.02 unch 0.02 unch 0.04 0.06 63.05 + 80.45 + 0.10 0.13 0.07 0.19 2.10 2.42 + 1.90 + 0.14 0.37 0.47 0.04 unch 0.04 + 0.05 + 0.13 0.10 + 0.13 0.18 0.06 0.08 0.35 unch 0.28 0.15 0.11 0.53 unch 0.55 unch 0.21 + 0.04 + 0.06 + 0.00 0.49 0.38 0.20 unch 0.25 + 0.20 + 0.06 unch 0.06 unch 0.07 0.09 1.18 0.93 0.26 + 0.36 + 0.25 unch 0.20 unch 4.77 + 2.47 1.95 -

0.01 0.01 0.00 0.01 0.01 0.01 1.30 0.03 0.01 0.00 0.03 0.00 0.13 0.72 0.57 0.01 0.01 0.04 0.01 0.00 0.01 0.13 0.02 0.01 0.50 0.21 0.06 0.00 1.87 1.77 0.00 0.02 0.01 0.00 0.01 0.02 1.64 1.32 0.65 0.78 0.25 0.01 0.00 0.01 0.06 0.03 0.10 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.02 0.03 0.09 0.01 0.15 0.11 0.00 0.09 0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 1.37 0.01 0.01 0.00 0.00 0.00 0.08 0.00 0.04 0.02 0.02 0.04 0.03 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.03 0.02 0.01 0.01 0.02 0.02 0.01 0.01 0.00 0.44 0.17 0.16 0.12 0.27 0.00 0.06 0.02 0.01 0.00 0.03 0.01 0.06 0.04 0.00 0.01 0.01 0.00 0.01 0.02 0.02 0.00 0.01 0.00 0.00 0.00 0.01 1.04 1.89 0.00 0.01 0.05 0.04 0.07 0.19 0.14 0.02 0.05 0.05 0.00 0.00 0.01 0.01 0.00 0.03 0.03 0.00 0.01 0.00 0.03 0.01 0.01 0.00 0.00 0.03 0.01 0.01 0.00 0.05 0.03 0.00 0.02 0.01 0.00 0.00 0.00 0.01 0.06 0.05 0.02 0.02 0.00 0.00 0.25 0.12 0.08

High Low 0.24 0.10 0.09 0.11 0.17 0.12 13.50 3.05 2.40 0.01 0.60 0.00 3.59 9.02 5.84 0.60 0.53 0.62 0.28 0.10 0.15 4.07 0.92 0.70 31.25 24.50 0.61 0.31 90.94 75.31 0.25 0.32 0.60 0.08 0.17 0.22 14.92 12.58 6.17 7.81 5.30 0.10 0.08 0.97 0.71 2.00 1.14 0.24 0.33 0.07 1.18 0.93 0.20 0.25 1.17 1.48 1.19 0.28 2.08 1.65 0.07 0.77 0.02 0.03 0.17 0.21 1.31 1.25 0.99 0.15 38.21 0.67 0.83 0.21 0.39 0.17 0.76 1.98 2.62 0.12 0.06 0.39 0.30 0.10 0.15 0.00 0.83 1.03 0.10 0.10 0.07 0.09 0.42 0.40 0.45 0.36 0.91 1.06 0.23 0.10 0.08 27.40 17.24 16.16 12.10 3.90 0.04 0.13 0.70 0.55 0.69 0.35 0.10 1.55 1.26 0.57 0.72 0.69 0.37 0.46 1.67 1.26 0.05 0.64 0.05 0.05 0.17 0.22 65.93 81.44 0.34 0.40 0.17 0.38 3.68 2.93 2.40 0.32 0.67 0.79 0.07 0.11 0.11 0.30 0.19 0.38 0.50 0.13 0.16 0.65 0.54 0.31 0.24 0.53 0.65 0.35 0.07 0.10 0.03 0.93 0.75

0.06 0.04 0.03 0.04 0.03 0.05 1.85 1.30 1.01 0.00 0.22 0.00 1.62 3.75 2.86 0.08 0.06 0.19 0.17 0.02 0.05 1.04 0.51 0.42 22.18 17.43 0.10 0.06 68.76 54.18 0.09 0.11 0.34 0.00 0.08 0.10 6.78 5.13 1.58 2.12 0.30 0.04 0.02 0.43 0.35 0.17 0.23 0.05 0.08 0.03 0.07 0.05 0.07 0.09 0.63 0.78 0.41 0.12 0.69 0.53 0.02 0.31 0.00 0.01 0.05 0.07 0.36 0.12 0.09 0.01 23.23 0.11 0.15 0.06 0.17 0.05 0.19 0.36 0.45 0.01 0.02 0.14 0.10 0.03 0.05 0.00 0.34 0.43 0.03 0.03 0.03 0.01 0.11 0.00 0.19 0.16 0.40 0.53 0.07 0.05 0.04 1.80 5.07 8.66 6.71 1.72 0.00 0.00 0.21 0.16 0.30 0.03 0.03 0.49 0.38 0.20 0.27 0.21 0.15 0.03 0.39 0.31 0.00 0.29 0.00 0.01 0.04 0.06 37.51 49.88 0.10 0.12 0.02 0.18 2.04 1.58 0.00 0.14 0.28 0.35 0.04 0.03 0.05 0.12 0.00 0.12 0.15 0.05 0.06 0.12 0.09 0.14 0.11 0.28 0.33 0.12 0.02 0.03 0.00 0.45 0.35

0.26 0.20 0.23 0.16 0.21 0.28 1.70 1.39 0.27 0.55 0.25 0.25 7.30 3.66 3.02

0.08 0.06 0.05 0.06 0.06 0.09 0.81 0.61 0.13 0.12 0.22 0.06 3.84 0.94 0.70

Exc Volume

Orocobre Orosur Mng Orsu Metals Orsu Metals* Orvana Mnrls Orvana Mnrls* Osino Res* Osino Res Osisko Dev* Osisko Gold* Osisko Gold Osisko Metals* Osisko Metals Osisko Mng Inc Otso Gold* Otso Gold Outback Gold Outback Gold* Outcrop S&G* Outcrop S&G OZ Minerals*

Week Low

8.33 8.46 + 0.28 0.29 0.00 0.22 0.00 0.17 0.30 0.31 0.24 0.24 0.83 0.84 1.06 1.07 4.19 4.26 + 11.78 11.83 unch 14.95 15.09 + 0.00 0.31 0.39 0.39 2.49 2.63 0.00 0.06 0.08 0.09 unch 0.28 0.29 0.22 0.22 0.15 0.16 0.20 0.20 17.80 17.80 +

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

373 103 117 310 258 16 108 274 41 3503 1841 1 326 6776 53 372 231 10 493 545 2

9.09 0.34 0.24 0.19 0.37 0.28 0.89 1.15 4.50 12.29 15.55 0.31 0.41 2.89 0.07 0.09 0.32 0.25 0.17 0.22 18.00

P2 Gold* O P2 Gold V Pac Arc Res V Pac Bay Mnrls V Pac Bay Mnrls* O Pac Booker Min V Pac Booker Min* O Pac Imperial V Pac Ridge Expl V Pac Ridge Expl* O Pac Wildcat* O Pacific Empire* O Pacific Empire V Pacific Silk V Pacific Silk* O Pacton Gold V Paladin Energy* O Palamina Corp* O Palamina Corp V Palayan Res* O Paleo Resource* O Palladium One V Palladium One* O Pampa Metals* O Pampa Metals C Pan Am Silver T Pan Am Silver* D Pan Global Res V Pan Global Res* O Pancontinental V Pancontinental* O Panex Res* O Pangolin Dia V Panoro Mnrls* O Panoro Mnrls V Pantera Silver V PanTerra Gold* O Pantheon Vent V Para Resources V Parallel Mng V Paramount Gold* X Paringa Res* O Parlane Res V Pasinex Res C Pasofino Gold* O Pasofino Gold V Patriot Gold C Patriot Gold* O Peabody Enrgy* N Pegasus Res V Pegasus Res* O Pelangio Expl V Pelangio Expl* O Peloton Mnrls C Peloton Mnrls* O PepinNini Lith* O Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal* O Peruvian Metal V Petrolympic* O Petrolympic V Phenom Res V Phenom Res* O Philex Mng* O Philippine Mtl V Phoenix Global* O Phoenix Gold V Phoenix Metals V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PNG Copper C PolyMet Mng* X PolyMet Mng T Portex Mnrls* O Portofino Res V Portofino Res* O Power Group V Power Metals* O Power Metals V PPX Mining* O Precipitate Gl V Precipitate Gl* O Pretium Res* N Pretium Res T Prime Meridian V Prime Mining* O Prime Mining V Prism Res V Prismo Metals C ProAm Expl V Probe Metals* O Probe Metals V Prog Planet V Project One C Promithian Gl * O Prophecy Pot C Prospect Ridge C Prosper Gold V Provenance Gld C Providence V Providence Gld* O Pucara Gold V Pucara Gold* 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 Copper V QC Copper* O QC Precious * O QC Precious V QcX Gold V QcX Gold* O QMC Quantum Ml* O QMC Quantum Ml V Quadro Res V Quadro Res* O Quantum Batt C Quartz Mtn Res V Quartz Mtn Res* O Quaterra Res V Quaterra Res* O Quebec Nickel C Quebec Silica C Quest Rare Mnl* O Questex Gold V Questex Gold* O

21 56 0 0 0 12 13 312 196 28 2 150 464 83 0 205 19218 17 81 679 314 1250 85 69 163 2572 10154 206 99 230 272 1710 26 131 874 94 4 161 374 0 2210 8 1504 95 10 56 8 63 33258 8443 33 22 28 107 56 36 235 889 329 553 113 2 74 96 28 417 226 15 0 3 158 473 1524 4887 81 6 68 12 0 732 351 4599 690 1254 101 63 361 10 5 623 63 43 664 403 290 404 763 10561 2033 691 55 1169 2 62 175 159 166 190 34 5 26 145 149 2347 282 9 42 28 140 335 2746 12 114 54 1021 2730 10387 0 111 4170 1784 83 560 127 1 240 145 543 24 115 76 4 150 542 200 59 423 115 13

0.39 0.50 0.00 0.00 0.00 2.50 1.96 0.04 0.16 0.13 0.00 0.04 0.05 0.04 0.00 0.50 0.80 0.25 0.31 0.04 0.03 0.22 0.17 0.34 0.40 33.33 26.31 0.65 0.52 0.15 0.12 0.00 0.02 0.11 0.15 0.19 0.06 0.16 0.38 0.00 0.91 0.03 0.19 0.03 0.76 0.99 0.10 0.09 19.44 0.08 0.05 0.13 0.10 0.10 0.08 0.22 6.64 5.26 1.45 0.04 0.04 0.09 0.13 0.07 0.09 0.75 0.61 0.09 0.00 0.99 0.45 0.40 0.52 0.66 0.19 91.00 0.20 0.03 0.00 0.06 3.29 2.61 0.03 0.25 0.18 0.11 3.47 4.40 0.00 0.09 0.08 0.05 0.22 0.27 0.02 0.10 0.08 10.45 13.25 0.14 3.71 4.72 0.00 0.40 0.07 1.64 2.14 0.36 0.38 3.25 0.21 1.42 1.37 0.17 0.08 0.05 0.17 0.13 1.10 0.48 0.64 0.01 1.15 1.46 0.83 1.03 0.17 0.10 0.14 0.21 0.17 0.20 0.25 0.14 0.10 0.28 0.36 0.07 0.06 2.70 0.27 0.17 0.12 0.09 0.35 0.10 0.01 0.77 0.59

0 343 263 2 39 146 12 237

0.00 0.27 0.27 0.15 0.10 0.29 3.16 0.12

Last

12-month

High

Change

Stock

0.05 0.08 0.03 0.02 0.06 0.04 0.06 0.08 0.10 0.00 0.09 0.00 0.01 0.15 0.01 0.00 0.04 0.03 0.00 0.02 0.78

9.17 0.70 0.39 0.30 0.54 0.39 1.40 1.61 10.10 15.12 18.40 0.42 0.52 4.40 0.09 0.10 1.55 1.22 0.40 0.69 21.04

2.28 0.09 0.20 0.02 0.22 0.18 0.81 1.01 3.98 9.77 12.39 0.27 0.35 2.49 0.03 0.04 0.25 0.22 0.15 0.20 9.67

0.37 0.42 0.14 unch 0.14 unch 0.09 unch 2.48 + 1.96 unch 0.04 unch 0.15 0.12 + 0.00 + 0.04 unch 0.04 0.03 0.03 unch 0.47 0.68 0.24 0.30 0.03 0.03 + 0.20 0.16 0.30 0.37 unch 31.04 24.39 0.61 0.48 0.13 0.11 + 0.00 unch 0.02 + 0.10 0.14 unch 0.16 0.06 + 0.16 + 0.33 0.15 unch 0.85 0.03 unch 0.17 + 0.03 unch 0.72 0.90 0.10 0.09 unch 14.72 0.08 + 0.05 + 0.12 0.09 0.10 unch 0.08 + 0.22 unch 6.14 4.82 1.37 + 0.04 unch 0.04 0.08 0.12 0.07 unch 0.07 0.61 0.48 0.09 unch 0.10 unch 0.99 + 0.42 + 0.40 + 0.52 + 0.66 + 0.18 91.00 0.18 unch 0.03 unch 0.05 unch 0.05 unch 2.92 2.28 0.03 unch 0.22 + 0.17 + 0.11 3.42 + 4.37 + 0.00 unch 0.09 0.07 0.05 unch 0.17 0.22 0.00 unch 0.09 0.07 9.85 + 12.57 + 0.12 3.41 + 4.34 + 0.10 unch 0.39 + 0.07 1.58 + 2.00 + 0.35 unch 0.35 + 3.10 0.21 + 1.40 + 1.29 0.16 + 0.08 + 0.05 + 0.17 0.13 unch 0.93 0.41 0.50 0.01 1.08 + 1.40 + 0.77 0.95 0.15 0.10 0.13 0.18 0.14 0.17 0.24 0.13 unch 0.10 unch 0.27 0.35 + 0.06 0.05 2.48 0.22 0.17 0.11 + 0.09 + 0.34 0.08 unch 0.01 + 0.72 0.55 -

0.02 0.08 0.00 0.00 0.00 0.07 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.03 0.00 0.83 0.78 0.03 0.04 0.01 0.00 0.00 0.01 0.01 0.00 0.02 0.01 0.01 0.02 0.00 0.01 0.00 0.01 0.00 0.06 0.08 0.03 0.00 4.25 0.04 0.02 0.01 0.01 0.00 0.00 0.00 0.27 0.21 0.06 0.00 0.00 0.01 0.01 0.00 0.01 0.14 0.11 0.00 0.00 0.09 0.01 0.05 0.06 0.07 0.01 0.80 0.00 0.00 0.00 0.00 0.31 0.27 0.00 0.04 0.03 0.01 0.10 0.14 0.00 0.01 0.00 0.00 0.02 0.02 0.00 0.01 0.01 0.08 0.17 0.01 0.12 0.09 0.00 0.04 0.01 0.05 0.04 0.00 0.05 0.65 0.02 0.20 0.07 0.01 0.01 0.00 0.01 0.00 0.08 0.06 0.09 0.00 0.02 0.05 0.01 0.04 0.01 0.01 0.02 0.02 0.01 0.03 0.01 0.00 0.00 0.01 0.02 0.01 0.01 0.05 0.05 0.09 0.02 0.00 0.01 0.00 0.00 0.03 0.06

0.50 0.65 0.26 0.18 0.10 3.75 3.10 0.08 0.33 0.30 0.01 0.11 0.15 0.06 0.04 1.81 0.80 0.36 0.37 1.47 0.10 0.40 0.49 1.07 0.72 50.70 39.62 0.84 0.68 0.20 0.20 0.01 0.05 0.18 0.23 0.29 0.07 1.02 0.65 0.16 1.59 0.03 0.84 0.09 3.13 3.92 0.50 0.23 19.83 0.09 0.06 0.23 0.17 0.15 0.12 0.42 15.80 9.45 1.56 0.07 0.10 0.14 0.17 0.12 0.15 0.85 1.10 0.14 0.12 1.29 0.59 0.55 0.51 0.66 0.42 123.00 0.25 0.06 0.06 0.09 8.00 6.27 0.05 0.30 0.23 0.26 5.41 6.71 0.03 0.23 0.20 0.16 0.35 0.43 0.50 0.32 0.25 14.55 19.13 0.17 3.71 4.72 0.14 0.88 0.11 1.71 2.15 0.50 0.54 13.50 0.52 1.25 2.40 0.17 0.20 0.16 1.50 0.85 11.40 0.48 0.64 0.03 2.07 2.63 2.42 3.08 0.20 0.39 0.65 0.35 4.12 0.27 0.33 0.40 0.25 0.47 0.60 0.27 0.25 5.85 0.36 0.26 0.30 0.25 0.37 0.27 0.06 1.37 1.07

0.23 0.30 0.14 0.09 0.08 1.33 1.04 0.02 0.05 0.04 0.00 0.03 0.04 0.02 0.01 0.46 0.08 0.13 0.16 0.03 0.00 0.09 0.06 0.23 0.27 30.53 23.72 0.35 0.00 0.08 0.06 0.00 0.02 0.05 0.09 0.12 0.05 0.05 0.25 0.13 0.76 0.00 0.06 0.01 0.14 0.88 0.09 0.03 0.80 0.03 0.02 0.11 0.08 0.08 0.06 0.11 5.93 4.70 0.99 0.04 0.00 0.02 0.04 0.02 0.03 0.34 0.25 0.06 0.04 0.40 0.15 0.25 0.14 0.16 0.13 81.01 0.10 0.03 0.04 0.04 2.26 1.70 0.03 0.10 0.00 0.10 2.69 3.28 0.00 0.08 0.05 0.04 0.13 0.17 0.00 0.08 0.06 8.29 10.40 0.06 1.01 1.32 0.04 0.19 0.07 0.95 1.26 0.05 0.18 2.50 0.10 0.20 0.50 0.07 0.07 0.00 0.16 0.00 0.76 0.11 0.14 0.01 0.06 0.60 0.75 0.96 0.04 0.11 0.12 0.08 0.11 0.15 0.20 0.11 0.09 0.07 0.14 0.06 0.05 0.55 0.12 0.10 0.06 0.04 0.10 0.05 0.00 0.47 0.36

Rainy Mtn Royl* Rambler Metals* Rare Element* Rathdowney Res Ready Set Gold Ready Set Gold* Recharge Res* Recharge Res Red Eagle Mng* Red Pine Expl Regulus Res Remington Res Renforth Res* Renforth Res Resolve Vent Resource Cap* Reunion Gold* Reunion Gold Revival Gold * Revival Gold Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold* Riley 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 Rockland Res Rockridge Res Rockwealth Res Rockwealth Res* Rogue Res* Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RooGold* RooGold RosCan Gold* RosCan Gold Ross River Roughrider Exp Rover Metals Rover Metals* Royal Fox Gold Royal Gold* Royal Mines &M* Royal Rd Mnrls Royal Std Mnrl* RT Minerals RTG Mining Rugby Mng Running Fox Rs* Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

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

0.41 unch 0.25 0.24 + 0.15 + 0.10 + 0.27 2.66 0.12 unch

0.00 0.03 0.01 0.15 0.02 0.03 0.64 0.00

0.50 0.40 0.36 0.28 0.12 0.40 14.50 0.18

0.14 0.23 0.20 0.00 0.05 0.15 1.49 0.08

S2 Minerals 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* Samco Gold San Gold Corp* San Lorenzo* San Lorenzo Sanatana Res Sanatana Res* Sandfire Res* Sandfire Res Sandstorm Gold* Sandstorm Gold Santacruz Silv Sarama Res Sarissa Res* Sassy Res Sassy Res* Satori Res* Satori Res Saturn Mnrls Savannah Min Saville Res Scandium Intl* Scandium Intl Scorpio Gold Scorpio Gold * Scotch Creek Scotch Creek* Scottie Res* Scottie Res ScoZinc Mg* ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold Seahawk Gold* Search Mnls Search Mnls* Searchlight* SearchlightMin* SearchlightRes Secova Mtls* Sego Res Select Sands Sennen Potash Sentinel Res* Sentinel Res Serabi Gold Serabi Gold* Sherritt Intl Shine Minerals Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res* Sienna Res Sierra Grande Sierra Grande* Sierra Madre G Sierra Madre G* Sierra Metals Sierra Metals* Sigma Lithium* 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 One Silver One* Silver Phoenix Silver Predatr* Silver Predatr Silver Range* Silver Range

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

P-Q 0.36 0.42 0.00 0.00 0.00 2.41 1.96 0.04 0.14 0.11 0.00 0.04 0.04 0.00 0.00 0.46 0.65 0.23 0.00 0.03 0.02 0.20 0.15 0.00 0.36 30.75 24.19 0.61 0.48 0.13 0.10 0.00 0.00 0.10 0.12 0.00 0.00 0.15 0.33 0.00 0.80 0.03 0.16 0.03 0.00 0.89 0.10 0.09 14.65 0.04 0.03 0.12 0.09 0.00 0.07 0.22 5.93 4.70 1.31 0.04 0.00 0.08 0.11 0.07 0.00 0.61 0.48 0.09 0.00 0.81 0.41 0.36 0.46 0.58 0.15 81.01 0.17 0.00 0.00 0.05 2.80 2.20 0.03 0.15 0.14 0.11 3.25 4.13 0.00 0.08 0.06 0.00 0.17 0.22 0.00 0.08 0.06 9.65 12.23 0.12 3.31 4.10 0.00 0.36 0.00 1.53 1.91 0.34 0.00 0.00 0.21 1.19 1.22 0.14 0.07 0.05 0.00 0.13 0.76 0.41 0.47 0.01 1.00 1.27 0.75 0.95 0.14 0.00 0.00 0.00 0.13 0.16 0.20 0.00 0.10 0.26 0.33 0.00 0.05 2.48 0.22 0.00 0.10 0.08 0.29 0.08 0.01 0.70 0.55

R Rackla Metals Radisson Mng Radius Gold Rae-Wallace Mg* Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl

V V V O C C O V

0.00 0.25 0.23 0.00 0.08 0.27 0.00 0.10

(100s)

High Low

Exc Volume

Week High

Low

0 0 1155 90 257 46 522 2344 351 378 243 0 128 1677 643 131 1056 2939 479 314 95 580 839 224 216 85 337 162 50 20 211 202 4 24381 3 732 574 24 23 746 483 116 258 169 0 12 16 47 255 150 107 233 406 365 331 129 0 187 182 1305 191 597 3357 196 48 90 1073 11667 0 946 765 156 516 1923 40 142 1 238 40 138 107 66 359 28 283 300

0.00 0.00 1.94 0.04 0.20 0.15 0.09 0.09 0.00 0.58 0.94 0.00 0.07 0.09 0.06 0.00 0.11 0.14 0.61 0.75 0.18 0.60 0.76 1.40 0.04 0.51 0.05 0.07 0.29 0.38 0.06 0.05 74.19 74.44 78.64 0.63 0.52 0.46 0.58 0.13 0.17 0.20 0.17 0.41 0.00 0.06 4.26 5.40 0.06 0.07 0.05 0.10 0.12 0.17 0.11 0.16 0.00 0.06 0.08 0.70 0.35 0.44 0.06 0.04 0.40 0.16 0.24 0.30 0.00 0.15 0.08 0.06 0.05 111.00 0.01 0.30 0.06 0.06 0.15 0.15 0.03 0.04 5.78 4.51 0.05 0.04

0.00 0.00 1.35 0.00 0.17 0.14 0.05 0.07 0.00 0.51 0.86 0.00 0.05 0.07 0.05 0.00 0.08 0.09 0.51 0.65 0.00 0.53 0.67 1.11 0.00 0.50 0.04 0.00 0.29 0.00 0.05 0.04 0.00 66.84 0.00 0.58 0.46 0.39 0.00 0.11 0.14 0.10 0.00 0.38 0.00 0.00 3.89 5.16 0.05 0.07 0.05 0.08 0.00 0.15 0.10 0.14 0.00 0.06 0.00 0.60 0.31 0.39 0.04 0.03 0.00 0.00 0.20 0.27 0.00 0.11 0.07 0.00 0.00 103.56 0.01 0.26 0.00 0.05 0.00 0.00 0.02 0.00 4.75 3.74 0.05 0.04

79 1062 1858 1064 412 62 351 77 267 8 229 5 975 14 0 8832 3 162 399 58 210 146 7973 1742 1615 128 3087 329 179 5 119 2959 4 48 136 697 187 70 137 4 234 661 12 225 369 1652 16 24 534 148 9 114 199 1 769 140 0 109 313 23 40 632 124 2 26012 554 67 252 16 5 264 5 883 2140 122 162 1985 1462 111 83 245 105 128 144 732 816 6 334 599 1607 47 45 49 77 158

0.15 1.22 1.55 0.21 0.16 0.00 1.42 0.14 0.18 0.28 0.36 0.58 0.16 0.13 0.00 0.00 0.11 0.14 0.16 0.10 0.19 0.21 6.67 8.44 0.32 0.17 0.00 0.54 0.43 0.09 0.12 0.17 0.22 0.04 0.15 0.19 0.12 0.10 0.57 0.44 0.15 0.19 0.50 0.69 22.83 18.02 0.71 0.59 0.17 0.13 0.04 0.03 0.07 0.01 0.09 0.06 0.00 0.39 0.49 1.19 0.00 0.49 0.11 3.70 14.72 0.18 0.08 0.10 0.11 0.09 0.65 0.47 2.66 2.10 8.22 10.25 0.11 0.08 0.10 0.10 1.23 0.96 0.85 0.70 0.20 0.25 0.02 0.25 0.50 0.41 0.45 0.12 0.14 0.12 0.15

Last

12-month Change

High Low

0.10 unch 0.30 unch + 1.77 + 0.04 0.17 + 0.15 0.06 0.08 0.00 0.54 + 0.91 0.25 unch 0.05 0.07 0.05 0.00 0.08 0.10 0.53 0.69 + 0.16 + 0.57 + 0.73 1.11 0.04 unch 0.50 unch 0.05 0.06 0.29 unch 0.38 unch + 0.06 0.05 66.80 68.04 72.26 0.59 0.47 + 0.46 + 0.58 0.12 0.15 0.13 0.15 0.38 0.06 unch 0.06 unch + 4.20 + 5.40 0.05 0.07 0.05 unch + 0.10 0.11 unch 0.15 + 0.11 0.16 unch 0.09 unch 0.06 0.07 unch 0.61 0.33 0.42 + 0.04 + 0.03 + 0.27 + 0.27 + 0.22 + 0.28 0.26 unch 0.11 0.08 unch 0.06 0.05 104.59 0.01 unch 0.26 0.06 0.05 0.15 unch 0.15 unch + 0.03 0.03 unch 4.91 3.74 0.05 + 0.04

0.00 0.00 0.39 0.01 0.01 0.01 0.00 0.01 0.00 0.02 0.02 0.00 0.01 0.01 0.01 0.00 0.02 0.02 0.06 0.04 0.03 0.02 0.03 0.24 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.00 5.10 5.14 3.42 0.03 0.01 0.03 0.04 0.02 0.01 0.01 0.02 0.04 0.00 0.00 0.10 0.16 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.04 0.02 0.03 0.01 0.00 0.05 0.01 0.00 0.01 0.00 0.02 0.00 0.01 0.01 4.07 0.00 0.03 0.01 0.01 0.00 0.00 0.00 0.00 0.73 0.65 0.01 0.00

0.15 2.00 4.13 0.12 0.49 0.15 0.25 0.19 0.01 0.95 1.74 0.37 0.11 0.12 0.13 0.01 0.11 0.14 0.91 1.20 0.25 1.25 1.50 1.70 0.07 0.77 0.18 0.23 0.61 0.74 0.11 0.11 94.42 95.97 108.00 1.03 0.85 0.83 1.02 0.29 0.37 0.26 0.36 0.56 0.13 0.15 7.00 9.00 0.08 0.11 0.09 0.15 0.19 0.29 0.20 0.20 0.14 0.10 0.16 1.93 0.60 0.76 0.07 0.05 0.60 0.60 0.80 0.64

0.07 0.00 0.47 0.03 0.15 0.14 0.00 0.04 0.00 0.30 0.70 0.15 0.01 0.05 0.05 0.00 0.04 0.06 0.46 0.60 0.13 0.53 0.67 0.15 0.04 0.29 0.04 0.06 0.29 0.23 0.05 0.03 55.15 55.39 63.85 0.57 0.44 0.38 0.47 0.11 0.14 0.01 0.15 0.31 0.04 0.05 0.66 0.57 0.04 0.06 0.02 0.02 0.10 0.11 0.10 0.06 0.05 0.06 0.07 0.16 0.17 0.23 0.04 0.02 0.19 0.25 0.11 0.27

0.25 0.13 0.12 0.12 132.19 0.06 0.42 0.15 0.29 0.23 0.16 0.07 0.08 6.20 5.49 0.14 0.09

0.10 0.06 0.04 0.05 99.32 0.00 0.25 0.06 0.06 0.13 0.07 0.01 0.02 3.30 2.00 0.04 0.03

0.14 + 1.21 + 1.54 0.17 0.14 + 0.00 + 1.40 0.12 0.15 0.28 0.32 0.58 unch 0.16 unch 0.12 unch 0.05 unch 0.00 0.11 unch + 0.14 + 0.16 + 0.10 + 0.17 + 0.20 6.25 + 7.95 0.28 0.17 0.00 0.46 0.35 0.09 0.11 0.17 unch 0.22 unch 0.04 unch 0.13 0.17 0.11 0.09 0.50 + 0.43 0.13 0.18 0.50 unch 0.57 21.93 17.17 0.63 0.47 0.14 0.11 + 0.04 0.02 unch 0.07 unch 0.01 unch 0.08 + 0.06 0.45 unch + 0.36 0.44 unch 1.19 unch 0.80 unch 0.47 + 0.11 3.35 13.23 0.14 0.07 0.09 0.09 0.09 unch 0.58 0.47 unch 2.11 1.84 8.00 unch 10.20 0.09 0.07 0.07 0.10 1.16 0.90 0.80 unch 0.61 0.18 + 0.23 0.02 unch + 0.24 0.49 0.38 0.41 0.12 unch 0.13 unch + 0.11 + 0.15

0.03 0.05 0.06 0.01 0.01 0.00 0.07 0.02 0.03 0.01 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.01 0.03 0.01 0.04 0.01 0.00 0.07 0.07 0.00 0.01 0.00 0.00 0.00 0.01 0.02 0.02 0.01 0.03 0.07 0.02 0.01 0.00 0.09 0.27 0.34 0.11 0.12 0.02 0.02 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.40 0.82 0.02 0.01 0.01 0.03 0.00 0.07 0.00 0.51 0.25 0.00 0.05 0.01 0.01 0.02 0.01 0.06 0.06 0.00 0.03 0.01 0.01 0.00 0.03 0.02 0.02 0.09 0.00 0.00 0.01 0.01

0.30 2.80 3.54 0.40 0.36 0.05 1.52 0.19 0.24 0.32 0.40 0.60 0.20 0.16

0.13 1.09 1.40 0.15 0.11 0.00 1.00 0.01 0.02 0.21 0.21 0.18 0.11 0.08

0.04 0.15 0.30 0.40 0.32 0.22 0.27 9.65 12.72 0.58 0.45 0.02 1.24 0.92 0.14 0.19 0.22 0.88 0.09 0.28 0.35 0.19 0.15 0.98 2.88 0.38 0.48 0.56 0.80 29.00 22.86 1.05 1.24 0.37 0.40 0.09 0.05 0.11 0.25 0.16 0.10

0.00 0.10 0.11 0.07 0.06 0.13 0.19 5.96 7.57 0.22 0.16 0.00 0.35 0.28 0.08 0.10 0.08 0.20 0.03 0.08 0.11 0.09 0.07 0.10 0.31 0.12 0.16 0.26 0.33 19.45 15.38 0.40 0.30 0.04 0.01 0.03 0.01 0.06 0.00 0.03 0.02

0.66 2.55 2.06 1.56 0.70 0.20 7.72 20.68 0.22 0.14 0.17 0.35 0.28 1.07 0.71 4.92 3.92 8.51 10.64 0.22 0.20 0.16 0.20 1.55 1.25 2.29 2.51 0.46 0.59 0.02 0.28 0.94 0.75 0.90 0.29 0.30 0.29 0.30

0.09 0.22 1.01 0.00 0.18 0.09 2.53 10.26 0.02 0.04 0.05 0.06 0.06 0.52 0.47 1.84 1.38 1.50 2.05 0.05 0.03 0.00 0.08 0.61 0.46 0.69 0.53 0.13 0.17 0.00 0.13 0.45 0.35 0.45 0.10 0.13 0.02 0.09

S 0.14 1.12 1.43 0.17 0.13 0.00 1.25 0.12 0.00 0.27 0.00 0.58 0.15 0.11 0.00 0.00 0.11 0.12 0.14 0.10 0.15 0.00 6.12 7.78 0.27 0.00 0.00 0.44 0.35 0.09 0.00 0.17 0.00 0.00 0.11 0.15 0.11 0.00 0.47 0.37 0.13 0.16 0.00 0.57 21.21 16.76 0.51 0.39 0.14 0.11 0.00 0.02 0.00 0.01 0.08 0.00 0.00 0.30 0.43 1.16 0.00 0.46 0.00 3.33 12.77 0.14 0.00 0.09 0.00 0.09 0.57 0.47 2.11 1.80 7.78 9.81 0.08 0.06 0.07 0.09 1.01 0.79 0.78 0.61 0.17 0.22 0.02 0.18 0.47 0.36 0.00 0.12 0.00 0.09 0.13

GLOBAL MINING NEWS

(100s) Stock

Week

Exc Volume

Silver Sands Silver Sands* Silver Spruce Silver Spruce* Silver Valley* Silver Valley Silver Viper* Silver Viper Silver Wolf Silver Wolf* Silver X Silver X* Silvercorp Met Silvercorp Met* SilverCrest* SilverCrest Silverore Mns* Silverstock Silverton Met Sirios Res* Sirios Res Sitka Gold Sitka Gold* Sixty North Sixty North* Skeena Res* Skeena Res SKRR Explor Sky Gold Sky Gold* Skyharbour Res Skyharbour Res* Slam Explor* Slam Explor Slave Lake Zn Slave Lake Zn* Snowline Gold Snowy Owl Sokoman Min Sokoman Min* Solaris Res SolGold plc* SolGold plc SolidusGold Solitario Ex&R Solitario Ex&R* Solstice Gold Sonora Gld & S Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic* South Atlantic South Star Bat South Star Bat* South32* Southern Copp* Southern Emp* Southern Emp Southern Silvr Southern Silvr* SouthGobi Res Southstone Min Spanish Mtn Gd* Spanish Mtn Gd Sparton Res Sparton Res* SPC Nickel SPC Nickel* Spearmint Res Spearmint Res* Sphinx Res Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St-Georges Eco St-Georges Eco* St. James Gold St. James Gold* Stakeholdr Gld Stallion Gold Standard Graph* Standard Metal* Standard Uran* Standard Uran Stans Energy* Star Diamond* Star Diamond Star Gold* Starcore Intl* Starcore Intl Starr Peak* Starr Peak Steele Oceanic* Stellar Africa* Stellar Africa Stelmine Can* Stelmine Can Steppe Gold Steppe Gold* Sterling Metal* Sterling Metal Stevens Gold* Stevens Gold Stinger Res Stinger Res* Stone Gold Stornoway Diam* Straightup Res Stratabd Mnr* Stratabd Mnr Strateco Res* Strategic Metl* Strategic Metl Strategic Min* Strategic Res Strategic Res* Stria Lithium Strikepoint Gd*

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

THE NORTHERN MINER / SEPTEMBER 27—OCTOBER 10, 2021

Low

Last

0.18 0.14 0.05 0.04 0.14 0.17 0.46 0.59 0.32 0.25 0.43 0.34 5.62 4.45 8.29 10.48 0.01 0.29 0.54 0.07 0.09 0.13 0.10 0.07 0.06 11.18 14.23 0.14 0.10 0.09 0.87 0.70 0.12 0.16 0.20 0.13 0.51 0.11 0.39 0.31 13.19 0.44 0.57 0.09 0.80 0.64 0.18 0.00 0.25 0.31 0.03 0.05 0.06 0.15 0.12 0.00 62.60 0.14 0.17 0.32 0.28 0.45 0.05 0.19 0.23 0.12 0.10 0.16 0.14 0.13 0.10 0.02 0.13 0.69 16.28 20.63 0.09 0.32 0.25 3.99 3.18 0.95 0.47 0.06 4.15 0.39 0.51 0.03 0.17 0.22 0.05 0.21 0.28 2.35 2.90 0.00 0.22 0.05 0.18 0.23 1.68 1.31 0.28 0.37 0.06 0.09 0.20 0.16 0.08 0.00 0.24 0.09 0.12 0.00 0.26 0.33 0.01 0.38 0.28 0.00 0.13

0.16 0.12 0.04 0.03 0.13 0.13 0.39 0.50 0.24 0.19 0.40 0.30 5.16 4.06 7.42 9.40 0.00 0.21 0.40 0.06 0.08 0.11 0.08 0.07 0.00 9.88 12.55 0.12 0.10 0.00 0.66 0.49 0.08 0.10 0.13 0.00 0.42 0.09 0.31 0.24 11.96 0.41 0.49 0.00 0.00 0.54 0.10 0.00 0.15 0.19 0.02 0.05 0.06 0.13 0.00 0.00 57.92 0.12 0.14 0.28 0.22 0.27 0.00 0.15 0.19 0.11 0.09 0.14 0.14 0.11 0.08 0.00 0.12 0.65 14.85 18.88 0.08 0.26 0.20 3.60 2.91 0.82 0.00 0.04 0.00 0.30 0.38 0.01 0.16 0.20 0.03 0.20 0.24 1.72 2.21 0.00 0.03 0.00 0.16 0.18 1.39 1.14 0.24 0.30 0.04 0.06 0.16 0.15 0.00 0.00 0.20 0.08 0.00 0.00 0.23 0.29 0.01 0.00 0.28 0.00 0.10

0.17 0.13 0.05 + 0.04 + 0.13 + 0.17 unch 0.41 0.53 0.24 0.24 0.40 0.31 5.28 4.18 7.80 + 9.90 + 0.01 unch 0.25 + 0.46 0.06 0.08 0.12 0.09 0.07 unch 0.05 + 10.02 12.98 0.14 + 0.10 0.08 0.72 + 0.56 + 0.09 + 0.12 + 0.20 + 0.12 0.45 + 0.09 0.35 0.27 13.15 + 0.44 + 0.55 + 0.08 + 0.74 + 0.59 + 0.14 + 0.09 unch 0.18 0.22 0.03 + 0.05 0.06 0.14 0.11 2.43 unch 58.51 0.12 0.15 0.29 0.23 0.39 + 0.05 + 0.15 0.20 0.11 0.09 0.15 0.14 unch 0.12 unch 0.09 0.02 unch 0.12 0.65 unch 15.23 19.53 + 0.08 0.27 0.21 3.75 3.03 0.82 0.47 unch 0.05 + 4.15 0.33 + 0.43 + 0.01 0.16 0.20 0.05 + 0.20 0.24 1.77 2.27 0.03 unch 0.04 + 0.05 + 0.16 0.20 1.47 1.17 0.26 0.30 0.05 + 0.09 + 0.20 0.15 0.08 0.00 + 0.21 0.08 0.11 0.00 0.24 0.32 unch 0.01 unch 0.36 0.28 0.03 unch 0.11 -

268 100 4315 363 14 558 116 195 210 124 595 17 2559 5644 4571 1958 57 275 23 245 1192 712 190 266 33 110 895 194 523 231 5843 2774 377 3802 184 34 2071 2123 3035 1304 924 69 222 76 12 2375 1876 0 1152 2377 2314 425 524 216 6 0 4268 137 734 1690 2251 1027 62 242 312 413 56 121 25 1311 884 113 263 67 7444 3391 906 2035 1678 105 64 77 59 660 1 2400 5533 970 27 548 4 25 255 369 530 0 38 103 72 311 259 21 203 379 139 229 295 18 407 4396 177 14 1180 193 140 272 883 52 17 0 812

(100s)

12-month

High

Change 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.08 0.01 0.04 0.03 0.02 0.03 0.33 0.43 0.00 0.05 0.02 0.01 0.01 0.01 0.01 0.00 0.00 1.27 1.29 0.01 0.01 0.01 0.11 0.08 0.00 0.01 0.06 0.01 0.03 0.02 0.04 0.04 0.79 0.01 0.02 0.01 0.05 0.04 0.04 0.00 0.08 0.09 0.01 0.00 0.01 0.01 0.00 0.00 3.36 0.02 0.02 0.02 0.02 0.13 0.01 0.02 0.03 0.01 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.17 0.02 0.01 0.03 0.02 0.04 0.03 0.13 0.00 0.00 0.85 0.04 0.06 0.00 0.01 0.01 0.00 0.02 0.03 0.48 0.58 0.00 0.01 0.01 0.02 0.03 0.15 0.11 0.01 0.04 0.01 0.01 0.01 0.02 0.01 0.00 0.01 0.01 0.01 0.00 0.02 0.00 0.00 0.01 0.00 0.00 0.02

High Low

Stock

0.37 0.37 0.11 0.48 0.28 0.35 0.70 0.80 0.60 0.51 0.90 0.68 11.47 8.71 12.88 16.37 0.30 0.29 1.00 0.13 0.18 0.34 0.27 0.09 0.07 13.60 16.49 0.39 0.25 0.21 0.87 0.70 0.12 0.16 0.43 0.38 0.75 0.25 0.78 0.64 15.20 0.56 0.72 0.20 1.56 1.25 0.18 0.10 0.32 0.39 0.06 0.13 0.18 0.31 0.25 2.46 83.29 0.49 0.65 0.70 0.55 1.39 0.10 0.39 0.52 0.21 0.16 0.80 0.15 0.27 0.36 0.03 0.17 1.05 23.27 30.54 0.20 1.19 0.99 6.50 5.16 1.12 0.75 0.50 18.00 0.39 0.51 0.18 0.25 0.30 0.09 0.27 0.35 3.56 4.05 0.51 1.00 0.14 0.22 0.29 2.76 2.41 1.00 0.92 0.29 0.38 0.35 0.29 0.28 0.01 0.35 0.26 0.38 0.01 0.55 0.72 0.01 0.52 0.41 0.09 0.26

Strikepoint Gd Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor Stuhini Explor* Stuve Gold Sulliden Mng Summa Silver* Summa Silver Sun Peak Metal Sun Summit Sun Summit* Suncor Energy* Suncor Energy Superior Gold* Superior Gold Superior Mng Surge Battery* Surge Battery Surge Copper Surge Copper* Sutter Gold* Sylla Gold Syrah Res*

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

Taiga Gold Taiga Gold* Tajiri Res Talisker Res Talisker Res* Talmora Diamd Talon Metals Tamerlane Vent* Tanqueray Expl Tantalex Res Tanzanian Gold* Tanzanian Gold Tarachi Gold Tarachi Gold* Taranis Res* Taranis Res Tarku Res Tarku Res* Tartisan Nick Tartisan Nick* Taseko Mines* Taseko Mines TDG Gold Teck Res* Teck Res Teck Res Tectonic Metal* Tectonic Metal Temas Res* Temas Res Tembo Gold Tembo Gold* Tempus Res* Tempus Res Teras Res* Teras Res Terrax Mnrls* Terrax Mnrls Terreno Res Tesoro Mnrls* Tesoro Mnrls Teuton Res* Teuton Res Texas Mineral* Themac Res* Themac Res Thesis Gold Theta Gold* Thor Explor* Thor Explor Three Valley* Thunder Mtn Gd* Thunder Mtn Gd Thunderstruck Thunderstruck* Tier One Silv Tiger Intl Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res Titan Mining* Titan Mining Titanium Corp TNR Gold Tocvan Venture Tocvan Venture* TomaGold Tombill Mines Tombill Mines* Tombstone Expl* Tonogold Res* Tonopah Div Mg* Torex Gold* Torex Gold Torq Resources Torq Resources* Tower Res* Tower Res Traction Expl Trailbreaker Trailbreaker* Trans Canada Trans Canada* Transatlantic Transition Met Transition Met* Treasury Metal* Treasury Metal Trecora Res* Tres-Or Res Tres-Or Res* Trevali Mining*

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

0.16 0.11 0.04 0.03 0.05 0.04 0.24 0.33 0.13 0.13 0.32 0.00 4.96 3.92 7.00 9.00 0.01 0.20 0.35 0.06 0.08 0.11 0.08 0.05 0.04 10.08 8.76 0.12 0.09 0.07 0.15 0.11 0.00 0.06 0.07 0.11 0.19 0.05 0.12 0.09 3.27 0.28 0.35 0.07 0.51 0.37 0.06 0.04 0.14 0.16 0.02 0.05 0.06 0.04 0.02 1.43 43.26 0.13 0.15 0.27 0.21 0.01 0.04 0.14 0.17 0.04 0.02 0.14 0.00 0.05 0.03 0.02 0.05 0.41 13.68 17.29 0.05 0.05 0.04 0.10 0.15 0.17 0.29 0.04 1.01 0.12 0.12 0.00 0.11 0.15 0.01 0.16 0.20 1.15 1.51 0.03 0.01 0.04 0.12 0.05 1.33 1.05 0.20 0.26 0.04 0.06 0.10 0.02 0.06 0.00 0.13 0.02 0.10 0.00 0.21 0.28 0.01 0.22 0.19 0.02 0.10

Week

Exc Volume

Last

12-month

High

Low

Change

1750 1157 276 21 22 12 0 603 292 397 523 464 17 35059 73307 380 2222 137 674 717 448 200 636 0 87

0.18 0.22 0.17 0.57 0.63 0.50 0.00 0.09 0.85 1.09 0.32 0.59 0.46 19.73 25.00 0.46 0.57 0.55 0.27 0.34 0.37 0.29 0.01 0.00 1.02

0.13 0.14 0.19 0.20 unch 0.15 0.15 unch 0.00 0.57 unch 0.58 0.58 0.44 0.44 0.00 0.24 unch 0.00 0.08 0.77 0.78 0.97 0.99 0.31 0.31 unch 0.45 0.45 0.37 0.37 18.47 19.36 + 23.45 24.67 + 0.39 0.39 0.50 0.50 0.00 0.45 0.22 0.26 + 0.28 0.34 + 0.34 0.34 0.27 0.27 + 0.00 0.00 0.00 0.30 unch 0.87 0.88 -

627 43 1249 694 470 2955 3320 1341 207 5997 6627 182 303 164 10 50 442 11 160 21 8323 1802 106 38252 15633 14 114 374 421 2160 314 27 37 868 32 89 84 223 141 15 58 77 99 717 20 14 36 16 32 356 184 69 0 190 2 485 2 366 546 61 275 52 0 17 485 99 648 203 8 810 736 26 10 186 5 242 2424 68 93 2 254 13 158 38 89 41 313 119 38 121 374 599 15 2 271

0.20 0.16 0.09 0.31 0.24 0.03 0.65 0.00 9.03 0.08 0.52 0.64 0.23 0.18 0.10 0.12 0.10 0.08 0.49 0.38 2.01 2.53 0.69 27.08 34.25 37.90 0.12 0.14 0.25 0.32 0.22 0.17 0.15 0.19 0.03 0.04 0.17 0.21 0.05 0.05 0.06 2.42 2.45 1.63 0.05 0.08 1.47 0.15 0.23 0.29 0.30 0.15 0.00 0.07 0.05 0.95 0.15 0.23 0.19 0.16 0.20 0.05 0.00 0.28 0.35 0.42 0.06 1.15 0.84 0.06 0.13 0.11 1.95 0.15 0.27 11.87 14.40 0.74 0.59 0.05 0.06 0.55 0.49 0.38 0.15 0.13 0.05 0.18 0.14 0.66 0.83 8.86 0.10 0.08 0.16

Stock

0.04 0.00 0.00 0.00 0.05 0.02 0.00 0.01 0.02 0.03 0.00 0.14 0.09 1.06 1.47 0.04 0.05 0.03 0.03 0.04 0.01 0.00 0.01 0.00 0.15

0.33 0.28 0.26 0.90 0.72 0.60 0.55 0.20 2.10 1.83 1.28 1.35 1.09 25.73 31.38 0.69 0.84 0.80 0.27 0.33 0.85 0.46 0.05 0.30 1.18

0.12 0.07 0.05 0.47 0.38 0.31 0.21 0.05 0.60 0.78 0.30 0.18 0.14 10.67 14.28 0.39 0.50 0.40 0.03 0.06 0.11 0.26 0.00 0.08 0.26

0.03 0.02 0.01 0.03 0.03 0.00 0.02 0.00 0.02 0.02 0.05 0.08 0.01 0.01 0.01 0.02 0.02 0.01 0.01 0.00 0.04 0.01 0.03 0.60 0.61 0.15 0.02 0.02 0.07 0.08 0.02 0.02 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.16 0.19 0.18 0.00 0.00 0.10 0.01 0.01 0.01 0.05 0.03 0.00 0.01 0.01 0.08 0.00 0.01 0.01 0.01 0.02 0.01 0.00 0.00 0.01 0.02 0.01 0.16 0.03 0.00 0.02 0.02 0.05 0.00 0.00 0.20 0.12 0.02 0.10 0.00 0.01 0.08 0.08 0.08 0.03 0.03 0.01 0.01 0.02 0.07 0.07 0.47 0.01 0.00 0.01

0.28 0.24 0.23 0.44 0.34 0.15 0.90 0.10 26.25 0.12 1.91 2.12 0.66 0.43 0.16 0.16 0.25 0.14 0.56 0.55 2.67 3.22 0.69 27.08 34.25 42.50 0.25 0.21 1.78 2.27 0.24 0.18 0.21 0.33 0.08 0.12 0.34 0.45 0.07 0.12 0.17 2.75 3.38 4.70 0.11 0.12 1.75 0.48 1.00 0.45 0.69 0.22 0.19 0.15 0.11 1.90 0.30 0.51 0.40 0.24 0.30 0.08 2.10 0.99 1.10 0.65 0.09 1.67 1.18 0.11 0.33 0.24 2.97 0.44 1.90 17.27 22.24 1.07 0.86 0.12 0.15 0.73 0.49 0.38 0.30 0.24 0.07 0.26 0.20 1.18 1.53 9.17 0.20 0.14 0.23

0.14 0.12 0.07 0.25 0.20 0.02 0.24 0.00 6.39 0.01 0.36 0.48 0.18 0.15 0.07 0.08 0.08 0.06 0.21 0.00 0.78 1.04 0.24 11.91 15.81 18.90 0.07 0.09 0.17 0.21 0.10 0.08 0.12 0.14 0.03 0.04 0.15 0.19 0.03 0.03 0.05 1.62 2.02 1.20 0.04 0.06 0.52 0.00 0.16 0.17 0.15 0.11 0.11 0.06 0.05 0.85 0.07 0.20 0.15 0.11 0.16 0.03 0.40 0.00 0.28 0.24 0.03 0.30 0.82 0.06 0.12 0.10 1.53 0.11 0.01 9.77 12.67 0.54 0.41 0.05 0.05 0.30 0.20 0.18 0.11 0.11 0.03 0.13 0.10 0.56 0.75 5.50 0.08 0.05 0.09

Trevali Mining Tri-River Vent Trident Gold Trifecta Gold* Trifecta Gold Trillium Gold* Trillium Gold Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley Trinity Valley* Triple Flag TriStar Gold* TriStar Gold Triumph Gold Triumph Gold* Troilus Gold* Troilus Gold Troubadour Res Troy Res* TRU Precious* TRU Precious True North Gem Tsodilo Res Tudor Gold Tudor Gold * Tundra Gold* Turmalina Met* Turmalina Met Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tyhee Gold* Tymbal Res

T V V O V O V T X O O V O T O V V O O T V O O V V V V O O O V N T V O O 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 Ur-Energy* Ur-Energy Uragold Bay Rs Uranium Energy* Uranium Hunter* Uranium Res* Uranium Roylty Uranium Roylty* Uravan Mnrls* Uravan Mnrls 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 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* Vertical Expl* Vertical Expl Victoria Gold* Victoria Gold Victory Nickel Victory Nickel* Victory Res Victory Res* Virginia Enrgy Virginia Enrgy* Viscount Mng Visible Gold M* Visible Gold M Vision Lithium Vision Lithium* Visionary Gold Vista Gold Vista Gold* Viva Gold* Viva Gold Vizsla Silver Vizsla Silver* Volatus Cap

T 0.16 0.12 0.08 0.25 0.20 0.03 0.55 0.00 8.27 0.07 0.45 0.57 0.21 0.17 0.09 0.00 0.08 0.00 0.45 0.20 1.83 2.32 0.61 23.91 30.29 34.23 0.09 0.11 0.17 0.21 0.20 0.16 0.14 0.18 0.00 0.00 0.15 0.19 0.04 0.04 0.00 1.68 2.15 1.32 0.05 0.00 1.34 0.00 0.21 0.26 0.15 0.11 0.00 0.00 0.05 0.86 0.15 0.19 0.15 0.14 0.17 0.00 0.00 0.27 0.00 0.35 0.05 1.00 0.82 0.06 0.12 0.09 0.00 0.13 0.27 10.21 12.97 0.00 0.53 0.05 0.00 0.47 0.00 0.29 0.12 0.10 0.00 0.00 0.13 0.58 0.74 8.04 0.00 0.07 0.14

0.20 0.16 0.08 0.27 0.21 0.03 0.56 0.00 8.95 0.08 0.50 0.63 0.22 0.17 0.10 0.12 0.10 0.08 0.47 0.38 1.87 2.40 0.66 24.66 31.42 36.50 0.09 0.11 0.18 0.22 0.20 0.16 0.15 0.18 0.03 0.04 0.15 0.20 0.05 0.05 0.06 1.71 2.18 1.55 0.05 0.08 1.40 0.15 0.21 0.27 0.27 0.11 0.19 0.07 0.05 0.88 0.15 0.21 0.16 0.14 0.18 0.05 0.64 0.27 0.35 0.40 0.06 1.05 0.84 0.06 0.12 0.10 1.95 0.13 0.27 10.43 13.33 0.73 0.54 0.05 0.06 0.47 0.39 0.34 0.12 0.10 0.05 0.17 0.14 0.59 0.76 8.30 0.10 0.07 0.14

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

(100s)

High Low

Week

Exc Volume

Last

12-month

High

Low

Change

5001 0 2 33 55 28 564 96 664 73 0 586 5 27 1352 1135 161 89 110 1478 147 56 191 412 2 57 515 118 1 146 148 1865 701 374 157 431 190

0.20 0.00 0.00 0.09 0.10 0.59 0.76 2.56 2.04 0.17 0.00 0.06 0.05 12.74 0.24 0.30 0.16 0.13 0.67 0.85 0.08 0.03 0.16 0.20 0.00 1.00 2.38 2.26 0.02 0.59 0.74 15.87 20.06 0.05 0.04 0.00 0.01

0.18 0.18 0.00 0.04 unch 0.00 0.10 unch 0.05 0.08 + 0.09 0.09 + 0.50 0.59 + 0.62 0.75 + 2.42 2.46 1.90 1.92 0.15 0.16 0.00 0.00 unch 0.04 0.05 0.00 0.05 + 12.11 12.28 0.21 0.24 + 0.26 0.30 + 0.15 0.15 0.12 0.12 0.61 0.62 0.77 0.81 0.07 0.07 0.03 0.03 0.11 0.13 0.16 0.17 0.00 0.09 unch 0.91 0.95 2.08 2.18 1.63 1.71 0.02 0.02 unch 0.49 0.56 0.61 0.63 14.81 15.05 unch 18.68 19.17 + 0.00 0.04 unch 0.04 0.04 + 0.00 0.00 unch 0.01 0.01 unch

D 126 O 1079 V 1592 C 272 O 3275 O 108 V 50 T 19141 V 132 O 0 O 148 O 153 V 992 O 1807 C 1580 O 120 X 8972 N 131061 O 14 V 364 V 236 X 52182 T 3979 V 1080 X 87985 O 3953 X 2242 V 4603 D 19374 O 133 V 327 O 366 V 614 V 272 O 38 N 176771 O 4009 O 1882 V 4711 C 1338 O 686 V 11 O 154 V 577 O 31 V 259 O 248 V 566 V 1 O 2 O 15 V 62 O 349 V 687 V 0 O 333 T 57 O 19 O 5 V 2616 O 161 T 1214 C 168 O 3 C 763 O 373 V 2320 O 1603 V 417 O 1 V 232 V 1287 O 877 V 212 T 45 X 1353 O 171 V 108 V 1379 O 443 C 121

10.49 0.55 0.70 0.06 13.70 0.74 0.93 0.60 0.14 0.11 0.07 0.10 0.13 0.49 0.59 0.03 0.94 26.43 0.08 0.10 2.70 2.10 2.63 0.75 3.77 0.03 3.76 7.11 5.60 0.51 0.65 0.04 0.35 0.14 0.12 18.28 0.03 0.35 0.44 0.15 0.04 0.05 0.10 0.13 0.13 0.17 0.37 0.47 0.00 0.18 0.34 0.44 0.04 0.05 0.00 0.06 1.24 0.05 0.13 0.20 13.42 17.02 0.02 0.01 0.08 0.06 0.80 0.64 0.45 0.09 0.11 0.13 0.10 0.17 1.06 0.84 0.16 0.20 2.76 2.19 0.17

High Low

0.02 0.00 0.00 0.01 0.01 0.07 0.08 0.06 0.07 0.00 0.00 0.01 0.00 0.32 0.03 0.04 0.01 0.01 0.03 0.02 0.02 0.00 0.01 0.02 0.00 0.09 0.19 0.18 0.00 0.02 0.10 0.00 0.08 0.00 0.00 0.00 0.00

0.28 0.12 0.12 0.19 0.13 1.55 1.96 3.70 3.06 0.17 0.20 0.15 0.11 16.46 0.33 0.42 0.31 0.24 1.22 1.52 0.30 0.27 0.41 0.52 0.25 1.46 3.78 3.00 6.00 1.08 1.47 21.89 26.45 0.06 0.06 0.01 0.05

0.10 0.00 0.06 0.48 0.62 1.90 1.43 0.06 0.00 0.05 0.04 12.16 0.15 0.19 0.13 0.11 0.62 0.77 0.03 0.03 0.02 0.16 0.08 0.07 2.01 1.60 0.02 0.49 0.61 7.49 9.80 0.02 0.01 0.00 0.01

0.34 0.02 0.03 0.00 1.29 0.00 0.01 0.01 0.02 0.01 0.01 0.02 0.02 0.12 0.15 0.01 0.04 2.56 0.00 0.00 0.12 0.23 0.33 0.01 0.03 0.00 0.06 1.48 1.10 0.16 0.03 0.00 0.06 0.02 0.00 1.72 0.00 0.04 0.07 0.00 0.00 0.00 0.02 0.01 0.02 0.02 0.01 0.01 0.00 0.02 0.01 0.01 0.00 0.01 0.00 0.02 0.04 0.00 0.03 0.03 0.24 0.19 0.00 0.00 0.01 0.01 0.14 0.12 0.03 0.00 0.00 0.02 0.01 0.02 0.08 0.03 0.03 0.04 0.06 0.04 0.01

17.40 0.55 0.70 0.10 30.20 2.36 2.97 0.60 0.28 0.23 0.19 0.40 0.51 1.46 1.80 0.04 2.56 30.57 0.15 0.21 3.25 2.10 2.63 1.68 3.77 0.27 14.50 7.11 5.60 0.55 0.70 0.07 0.35 0.18 0.20 23.18 0.20 0.36 0.45 0.44 0.09 0.13 0.10 0.13 0.32 0.36 2.32 1.58 0.38 0.27 0.47 0.61 0.07 0.08 0.13 0.12 1.97 1.00 0.19 0.30 18.50 22.54 0.10 0.08 0.60 0.49 0.80 0.64 0.55 0.30 0.38 0.95 0.74 0.24 1.74 1.40 0.31 0.40 2.86 2.37 0.34

8.01 0.03 0.09 0.03 0.43 0.64 0.70 0.12 0.04 0.04 0.00 0.09 0.12 0.27 0.42 0.02 0.22 6.85 0.06 0.06 1.05 0.42 0.55 0.31 0.82 0.02 1.34 1.06 0.81 0.05 0.15 0.00 0.16 0.09 0.08 10.29 0.00 0.16 0.21 0.08 0.03 0.04 0.03 0.04 0.00 0.09 0.33 0.42 0.16 0.03 0.31 0.41 0.01 0.04 0.10 0.02 0.58 0.01 0.01 0.03 8.18 10.42 0.01 0.01 0.05 0.04 0.07 0.05 0.31 0.00 0.10 0.02 0.01 0.06 0.91 0.71 0.10 0.13 1.26 0.99 0.01

U-V 9.95 0.34 0.44 0.00 11.50 0.70 0.89 0.48 0.13 0.00 0.06 0.08 0.10 0.33 0.42 0.00 0.81 23.11 0.07 0.00 2.35 1.72 2.18 0.68 3.07 0.03 3.50 4.85 3.85 0.33 0.42 0.03 0.26 0.12 0.12 15.94 0.02 0.28 0.35 0.13 0.03 0.00 0.07 0.00 0.03 0.13 0.33 0.42 0.00 0.18 0.32 0.42 0.03 0.00 0.00 0.04 0.00 0.05 0.10 0.13 11.82 15.32 0.00 0.01 0.07 0.05 0.41 0.32 0.38 0.09 0.10 0.11 0.09 0.16 0.96 0.75 0.14 0.18 2.42 1.86 0.11

10.49 0.36 0.45 0.06 12.00 0.72 0.90 0.49 0.13 0.11 0.06 0.08 0.11 0.34 0.43 0.03 0.88 23.36 0.08 0.10 2.48 1.89 2.43 0.73 3.24 0.03 3.70 5.88 4.60 0.33 0.44 0.04 0.34 0.12 0.12 16.31 0.03 0.32 0.42 0.14 0.04 0.05 0.07 0.10 0.11 0.17 0.35 0.45 0.19 0.18 0.32 0.43 0.03 0.05 0.12 0.04 1.17 0.05 0.13 0.15 12.11 15.46 0.01 0.01 0.07 0.05 0.53 0.42 0.41 0.09 0.11 0.11 0.09 0.16 0.99 0.80 0.14 0.18 2.45 1.95 0.12

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

(100s) Stock

Exc Volume

Week High

Low 0.27 0.33 0.07 0.00 0.10 0.28 0.00 0.22 0.18 0.16 0.13

Volcanic Gold* Volcanic Gold Voyageur Min* Voyageur Min Voyageur Min VR Resources* VR Resources Vulcan Mnrls Vulcan Mnrls* VVC Expl VVC Expl*

O V O C V O V V O V O

84 744 188 120 358 106 186 314 202 442 606

0.30 0.38 0.08 0.35 0.10 0.32 0.41 0.26 0.20 0.18 0.16

Walker Lane* Walker River* Walker River Wallbridge Mng* Wallbridge Mng Warrior Gold* Warrior Gold Waseco Res Wealth Mnrls* Wealth Mnrls Wedgemount Res Wescan Gldflds Wesdome Gold* Wesdome Gold West High Yld West Mining* West Mining West Oak Gold West Red Lake* West Red Lake West Vault Western Areas* Western Atlas Western Atlas* Western Copper* Western Copper Western Gold Western Mag* Western Mag Western Potash Western Res* Western Troy C Western U&V Western U&V* Westgold Res* Westhaven Gold Westhaven Gold* Westkam Gold* Westkam Gold Westminster Rs WestMountain* Wheaton Prec Wheaton Prec* White Energy* White Gold* White Gold White Metal R* White Metal Rs White Mtn Engy* Whitehaven Coa* Whitehorse GC Wildsky Res* Wildsky Res Winshear Gold Winshear Gold* Winston Gold Winston Gold* Winston Res Wolfden Res* Wolfden Res Wolfeye Res World Copper Worldwide Res X-Terra Res X-Terra Res* Xanadu Mines Xanadu Mines* Xander Res* Xander Res Xemplar Egy* Ximen Mining Ximen Mining* Xplore Res Xtierra Inc Xtra-Gold Res Xtra-Gold Res* Yamana Gold Yamana Gold* Yanzhou Coal* Yorbeau Res* Yorbeau Res Zacatecas Silv Zacatecas Silv* ZEB Nickel ZEN Graphene* ZEN Graphene Zena Mining Zephyr Mnls Zephyr Mnls* Zimtu Capital Zinc One Res Zinc One Res * Zincore Mtls Zincore Mtls* ZincX Res* ZincX Res Zonte Metals* Zonte Metals

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

23 101 1615 891 6644 117 1045 168 832 827 22 41 364 1775 119 42 174 50 26 627 71 8 149 3 2430 649 27 983 623 152 4 2 602 466 13 667 87 5 41 308 0 6076 12791 50 67 36 51 1019 481 152 70 2 2 82 25 1162 1566 2939 216 151 739 260 7 753 714 11653 8 100 195 358 1527 264 40 664 20 20 14174 80793 4 0 177 97 7 24 824 1154 92 105 41 132 18 2 0 2 202 284 15 60

0.40 0.05 0.07 0.49 0.61 0.06 0.08 0.05 0.33 0.41 0.43 0.11 9.57 12.15 0.37 0.15 0.19 0.13 0.06 0.08 1.15 2.29 0.08 0.05 1.79 2.26 0.25 0.50 0.61 0.20 0.14 0.16 4.18 3.28 1.15 0.50 0.39 0.12 0.15 0.25 0.00 57.36 45.24 0.09 0.49 0.60 0.08 0.10 0.04 2.30 1.23 0.13 0.17 0.11 0.08 0.07 0.05 0.54 0.16 0.20 0.53 0.43 0.06 0.08 0.06 0.05 0.03 0.09 0.14 2.00 0.25 0.19 0.07 0.05 1.10 0.86 5.46 4.32 2.05 0.04 0.05 0.95 0.74 0.30 3.28 4.07 0.17 0.15 0.12 0.26 0.75 0.52 0.00 0.00 0.12 0.16 0.16 0.23

12-month

Last

Change

High Low

0.30 + 0.37 + 0.07 + 0.35 0.10 + 0.29 0.37 0.23 0.18 0.18 unch 0.14 -

0.03 0.03 0.00 0.01 0.01 0.02 0.02 0.03 0.02 0.00 0.00

0.55 0.71 0.25 0.49 0.35 0.55 0.68 0.33 0.80 0.30 0.50

0.27 0.30 0.03 0.24 0.04 0.18 0.23 0.05 0.04 0.03 0.02

0.25 0.39 + 0.04 0.05 unch 0.06 0.07 + 0.42 0.44 0.54 0.55 0.06 0.06 + 0.07 0.07 0.00 0.05 + 0.29 0.31 0.37 0.39 0.00 0.38 0.00 0.11 + 8.80 8.89 11.17 11.29 0.32 0.37 unch 0.13 0.15 + 0.17 0.19 + 0.13 0.13 0.05 0.05 + 0.07 0.07 0.95 1.02 2.17 2.21 + 0.07 0.08 + 0.05 0.05 unch 1.60 1.64 2.04 2.10 + 0.20 0.20 unch 0.37 0.37 0.48 0.48 0.18 0.20 + 0.14 0.14 unch 0.00 0.16 unch 3.30 3.50 2.60 2.75 1.15 1.15 unch 0.45 0.48 0.35 0.37 0.00 0.12 unch 0.00 0.15 unch 0.00 0.25 + 0.00 3.49 unch 51.73 52.52 40.54 41.22 0.09 0.09 unch 0.44 0.48 + 0.00 0.59 0.00 0.07 0.09 0.10 unch 0.04 0.04 unch 2.10 2.10 1.12 1.15 0.00 0.13 0.00 0.17 0.00 0.09 0.08 0.08 unch 0.06 0.06 0.04 0.05 0.39 0.51 + 0.14 0.15 0.00 0.19 + 0.40 0.49 + 0.40 0.43 + 0.00 0.06 unch 0.07 0.07 unch 0.05 0.06 + 0.03 0.04 + 0.03 0.03 + 0.09 0.09 unch 0.11 0.11 0.00 0.02 + 0.20 0.21 0.15 0.16 0.00 0.07 unch 0.00 0.04 0.00 1.03 0.81 0.81 5.06 5.14 3.99 4.05 2.05 2.05 unch 0.04 0.04 unch 0.00 0.04 0.90 0.90 0.73 0.73 0.00 0.25 2.91 3.15 + 3.68 4.00 0.00 0.16 0.14 0.15 + 0.11 0.11 0.21 0.26 + 0.65 0.75 + 0.51 0.51 0.00 0.05 unch 0.00 0.00 unch 0.11 0.11 0.13 0.15 0.16 0.16 unch 0.00 0.21 unch

0.03 0.00 0.01 0.04 0.04 0.00 0.02 0.01 0.01 0.02 0.05 0.02 0.38 0.44 0.00 0.01 0.01 0.01 0.00 0.01 0.13 0.03 0.01 0.00 0.02 0.01 0.00 0.10 0.12 0.01 0.00 0.00 0.10 0.12 0.00 0.01 0.02 0.00 0.00 0.03 0.00 4.23 3.54 0.00 0.00 0.02 0.00 0.00 0.00 0.15 0.05 0.00 0.01 0.02 0.00 0.01 0.00 0.01 0.01 0.01 0.04 0.01 0.00 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.03 0.02 0.00 0.01 0.07 0.04 0.09 0.08 0.00 0.00 0.01 0.04 0.01 0.03 0.00 0.02 0.04 0.01 0.01 0.05 0.10 0.04 0.00 0.00 0.02 0.01 0.00 0.00

0.40 0.11 0.14 1.00 1.30 0.11 0.15 0.07 0.38 0.47 0.79 0.15 10.74 14.16 0.43 1.16 1.70 0.13 0.14 0.19 1.99 2.43 0.16 0.12 2.83 3.35 0.69 0.76 0.96 0.37 0.19 0.30 4.18 3.28 2.05 1.25 0.93 0.22 0.30 0.39 7.00 72.00 54.72 0.11 0.82 1.07 0.12 0.17 0.05 2.30 4.80 0.29 0.36 0.13 0.09 0.20 0.18 2.34 0.40 0.36 1.54 0.78 0.09 0.18 0.13 0.11 0.05 0.20 0.31 2.00 0.55 0.40 0.14 0.21 1.54 1.22 8.38 6.37 2.05 0.06 0.07 1.89 1.05 0.75 3.28 4.12 0.25 0.24 0.19 0.30 5.00 1.27

0.03 0.01 0.06 0.33 0.48 0.01 0.07 0.02 0.06 0.09 0.25 0.06 6.05 7.78 0.12 0.12 0.15 0.13 0.05 0.06 0.95 1.25 0.05 0.04 0.95 1.24 0.18 0.08 0.10 0.15 0.11 0.13 0.53 0.39 1.15 0.45 0.35 0.10 0.11 0.13 0.55 44.09 34.85 0.08 0.40 0.52 0.04 0.05 0.00 0.66 0.57 0.12 0.13 0.08 0.06 0.06 0.04 0.22 0.13 0.18 0.40 0.29 0.04 0.06 0.05 0.03 0.02 0.07 0.09 0.00 0.20 0.16 0.05 0.05 0.87 0.65 5.06 3.99 0.74 0.01 0.04 0.77 0.65 0.25 0.32 0.40 0.08 0.13 0.10 0.11 0.65 0.01

0.04 0.19 0.23 0.21 0.30

0.00 0.06 0.09 0.13 0.16

W-Z

BID-ASK — SEPTEMBER 13—17, 2021 12-MONTH STOCK

79 Resources Aftermath Silv Alacer Gold Anglo-Bomarc Apex Res Arctic Fox Ven Arcturus Vent Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aust Goldfield Avarone Metals Aya Gold Banro Corp* Barker Min Black Shield Boss Power Brunswick Res Buccaneer Gold Bullion Gold C2C Gold Cache Explor Canamera Energ Cerro de Pasc Cirrus Gold Cliffs Nat Res* Crystal Peak Electra Stone Emperor Metals Encanto Potash Equitorial Ex Everton Res Evolution Glob Excalibur Res Exploits Disc Finore Mng GAR Limited

EXC

BID

ASK

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

0.10 0.24 9.41 0.08 0.07 0.16 0.02 0.03 0.33 0.13 0.04 ... ... 1.94 0.11 0.01 0.20 0.17 ... 0.06 0.06 ... 0.16 0.33 ... 0.13 1.45 0.01 0.01 0.12 0.06 0.08 0.10 0.50 0.09 ... 0.12 ...

0.10 0.25 9.52 0.08 0.11 0.28 0.03 0.04 0.40 0.14 0.06 ... ... 2.19 0.11 0.01 ... 0.20 0.05 0.07 0.15 ... 0.17 0.50 ... 0.25 3.20 0.02 0.02 0.20 0.07 0.08 0.10 4.00 0.10 ... 0.12 ...

12-MONTH

LAST

HIGH

LOW

STOCK

0.12 0.25 9.47 0.15 0.10 0.14 0.03 0.03 0.40 0.14 0.05 0.47 0.04 2.01 0.11 0.01 0.15 0.17 0.03 0.06 0.10 0.11 0.16 0.32 0.29 0.19 1.43 0.01 0.01 0.20 0.06 0.08 0.03 2.00 0.10 0.59 0.11 0.15

0.25 0.33 10.82

0.10 0.05 3.50

0.14 0.16 0.13 0.04 0.40 0.15

0.09 0.14 0.01 0.03 0.22 0.03

0.47 0.15 2.50 2.10

0.42 0.03 0.82 0.10

0.15

0.11

0.14 0.28 0.15 0.33 0.39 0.34 0.19 7.17 0.10

0.05 0.01 0.03 0.09 0.25 0.12 0.12 0.98 0.01

0.29 0.12 0.37

0.10 0.05 0.07

2.00 0.11 0.62

2.00 0.01 0.13

4.13

0.13

General Moly* Gespeg Res Gldn Predator Global Cop Grp Gold Hunter Rs Goldblock Cap Golden Cariboo GoldHaven Res Goldshore Res Great Lakes Gr Green Arrow Handa Mining Highvista Gold Indico Res Inspiration Mg Intl Battery Intl Cobalt Iron South Mng Ivor Explor K9 Gold Karora Res Kodiak Copper La Imperial Latin Metals Leo Res Lida Resources Lithium South MAG Silver* Mansa Explor Metalo Manuf Mich Resources Minecorp Egy Mongoose Mg Montana Gold Napier Vent Navis Res Corp New Klondike Nexco Res

EXC

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

BID

... 0.06 0.15 0.07 0.38 ... 0.10 ... ... 0.05 0.02 0.04 ... ... ... ... 0.20 0.24 0.33 0.17 0.47 0.05 0.04 0.03 ... ... 0.31 12.52 0.25 0.35 0.37 ... ... 0.09 0.06 ... 0.01 ...

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

... 0.06 0.17 0.08 0.40 ... 0.12 ... 375.00 0.05 0.03 0.05 ... 0.01 ... ... 0.26 0.27 0.38 0.24 0.48 0.06 0.11 0.04 ... ... 0.34 13.30 0.25 0.40 0.50 ... ... 0.10 ... ... 0.01 ...

0.11 0.06 0.16 0.08 0.38 0.32 0.10 0.42 0.11 0.04 0.02 0.04 0.17 0.01 0.03 0.31 0.26 0.24 0.32 0.24 0.48 0.05 0.06 0.03 1.09 0.24 0.31 12.52 0.19 0.49 0.37 0.12 0.12 0.10 0.07 0.30 0.01 0.30

100.00 0.10 0.36 0.11 0.95 0.32 0.15 0.45 1.20

0.10 0.06 0.12 0.04 0.30 0.16 0.02 0.06 0.48

0.04 0.06

0.02 0.01

1.08 0.28 0.42 0.28 0.73 0.13 0.09 0.16

0.06 0.04 0.25 0.16 0.20 0.04 0.05 0.02

0.27 0.66 14.40 0.22 0.49 0.48 0.20 0.22 0.10

0.13 0.24 6.12 0.08 0.08 0.22 0.07 0.05 0.02

0.40

0.13

North Valley NSJ Gold O2Gold Paleo Resource Patriot Batt Phenom Res PPX Mining Primary Energy Prospero Silvr Quinto Res Rare Element* Razore Rock Res Reliant Gold Rizal Res Rockland Mnls Southern Arc Southstone Min Standard Lith Stans Energy Supernova Met Talmora Diamd Three Valley Tiger Intl Trench Metals TriMetals Mng Vale* ValOre Metals Vanadiumcorp Vatic Vent Waraba Gold Whitemud Res Winshear Gold Xiana Mng Zara Res Zinco Mng

EXC

BID

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

0.08 0.14 0.23 0.02 0.09 0.68 0.04 ... 0.55 0.05 0.11 0.12 ... 0.01 0.07 0.32 0.01 6.65 0.01 0.05 0.02 0.45 ... 0.55 0.11 ... 0.06 0.10 0.05 0.19 0.01 0.12 0.07 ... 0.05

ASK

0.15 0.15 0.27 0.03 0.10 0.71 0.05 ... 1.18 0.07 0.16 0.16 0.10 0.02 0.08 0.90 0.01 6.95 0.01 0.06 0.03 0.47 0.17 0.55 0.12 ... 0.07 0.10 ... 0.30 0.02 0.14 0.08 ... 0.07

LAST

0.10 0.16 0.23 0.03 0.10 0.69 0.04 0.17 0.56 0.08 0.15 0.16 0.02 0.02 0.08 0.89 0.01 6.95 0.01 0.06 0.03 0.47 0.15 0.55 0.12 10.24 0.07 0.09 0.10 0.19 0.02 0.14 0.08 0.07 0.05

HIGH

LOW

0.10 0.37 0.37 0.04 0.18 0.76 0.06 0.82 1.35

0.10 0.15 0.06 0.01 0.08 0.24 0.04 0.16 0.51

0.89 0.25

0.06 0.06

0.11 0.93 0.04 6.95

0.01 0.24 0.01 1.02

0.32 0.15 1.02 0.30 0.22 0.12 11.10 0.13 0.13

0.05 0.02 0.14 0.07 0.04 0.03 6.57 0.07 0.04

0.70 0.03 0.15 0.12 0.22

0.10 0.01 0.05 0.06 0.07

WWW.NORTHERNMINER.COM

SEPTEMBER 27—OCTOBER 10, 2021 / THE NORTHERN MINER

Constant Change is the New Normal DON'T GET LEFT BEHIND

The pressure has never been higher on miners to lower their environmental impact while delivering more of the metals and minerals the world desperately needs. The pace of change in the industry has been exponential – but more change is ahead. Building on The Northern Miner's successful Progressive Mine Forum, Canadian Mining Journal's Suppliers Symposium will connect delegates with the industry leaders on the forefront of these changes. Interact with experts tackling mining's big challenges - like decarbonization - and specialists who can shed light on the essential costing piece of the puzzle.

KEYNOTE SPEAKERS

PRESENTED BY

IN PARTNERSHIP WITH TONY MAKUCH President and CEO, Kirkland Lake Gold

Global Sponsor

GEORGE HEMINGWAY Managing Partner & Head of Innovation Practice, Stratalis

Thought Leadership Partners

Silver Sponsor

Corporate Presenter