The Northern Miner April 29 2019 Issue 9

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APRIL 29–MAY 12, 2019 / THE NORTHERN MINER

Sigma Lithium, Japan’s Mitsui form strategic alliance SIGMA From 1

second feasibility study to bring its Barreiro pegmatite deposit into production later, and boost the project’s production capacity to 440,000 tonnes per year.

A10’s Cabral, who is also Sigma’s chief strategy officer, notes that Sigma has been working with Mitsui since August 2018, and that the Japanese trading giant has done “a very thorough due diligence” that included hiring SRK and doing six months of work auditing the company’s mineral resources.

Essentially, she adds, Mitsui “has been involved in the reviewing of the feasibility study, and they’re very comfortable with what they’ve seen so far.”

“The deal is a tremendous validation of the area and the measured and indicated resource we have,” she says in a telephone interview from Brazil. “That’s why it received equity-like treatment, because ultimately the settlement is not in ore, it’s in spodumene concentrate that comes out of our plant.”

Cabral says the production prepayment is a hybrid financing instrument that strengthens Sigma’s capital structure and doesn’t impact on the company’s leverage ratios, or dilute shareholders.

Cabral highlights that Sigma is taking a sequenced approach to developing the project, tackling each pegmatite separately, at least for the time being, because the property is so large. “We’re taking a staggered approach on bringing the company into production,” she says. “The feasibility study is on one of the deposits, and essentially that’s the deposit that has the most homogenous pegmatite position.

“We’re being very clinical about it,” she continues. “We’re focused on timing. Instead of drilling the entire property and then moving into construction, we decided to just develop the mineral resource to the level of measured and indicated, and to the extent that it would allow us to achieve a certain production profile.”

Xuxa, on which the current feasibility study is based, has measured and indicated resources of 17.41 million tonnes grading 1.55% lithium oxide (LiO2) and inferred resources of 3.80 million tonnes grading 1.58% LiO2 .

The second pegmatite, Barreiro, has measured and indicated resources of 20.49 million tonnes grading 1.43% LiO 2 and inferred resources of 1.91 million tonnes grading 1.44% LiO2 .

Xuxa and Barreiro remain open on surface — Xuxa to the south and Barreiro to the north — and both are open at depth.

The Xuxa pegmatite is 1.7 km long and 16 metres wide, while the Barreiro pegmatite is 500 metres long and 400 metres wide. Both contain large crystals of spodumene that are visible in the drill core.

Sigma has resource estimates on two other pegmatites: Murial and Lavra do Meio.

Murial, which is 700 metres long and 20 metres wide, has measured and indicated resources of 6.65 million tonnes averaging 1.14% LiO2 and inferred resources of 669,000 tonnes at an average of 1.06% LiO2 .

Lavra do Meio, 200 metres long and 20 metres wide, contains measured and indicated resources of 2.28 million tonnes grading 1.09% LiO2 and inferred resources of 261,000 tonnes averaging 0.87% LiO2 .

Processed product grading 6% lithium oxide. SIGMA LITHIUM RESOURCES

Murial is open at surface to the north and at depth, and Lavra do Meio remains open at depth.

“There are more than 200 orebodies on our property, which is 188 sq. km, so it’s a significant size,” Cabral says. “Like mining in Brazil, everything is in superlatives, so we had to take a targeted approach to exploration. We went through the property and narrowed down the 200 orebodies to 33. We then narrowed the 33 down to 11 targets, nine of which were former artisanal mines, and drilled four of them to get measured and indicated resources.

We still have another five to drill.”

Drilling on the other five pegmatites that were previously mined, and two other pegmatites from the original 11 selected, will begin in the second half of this year.

Cabral notes that the artisanal mines were very small scale, typically producing between 500 and 1,000 tonnes per month.

“There was never any question

about whether the mineralization was there or not. It was: ‘What is the size?’” Cabral says. “So we can get surprises. In some cases, we get it right, and in some cases, we don’t.

Xuxa turned out to be much bigger than we thought, and some others were smaller than we thought.”

At Barreiro, for instance, they expected size and not grade, but were pleasantly surprised about the grade.

When Sigma sent out its 100- to 200-kilogram samples of coarse spodumene to potential customers last year, Cabral says, they could see it was high purity and high grade.

“They can increase their recoveries by up to 8% when the product is converted into hydroxide, so that creates a strategic advantage,” she says. “This industrial mineral is not a commoditized product. The degree of impurities and specifications vary from deposit to deposit, but the homogeneity of what we’ve been shipping them from Xuxa

is extremely homogeneous. The material is coarse — it’s extremely high grade — so it creates a lot of excitement.”

The project intends to use dry stack tailings and recycle 90% of its process water, presenting more advantages.

The company is eligible for tax breaks because of the project’s location. “We are in the second-poorest municipality in the country measured by the Index of Human Development,” she says. “It’s semi-arid and in the north of Minas Gerais … so there is a substantial federal tax break for companies who do business in that region.”

The main tax benefits under the program include a 75% corporate income tax reduction for 10 years after the company reaches more than 20% of its annual production capacity. It also receives incentivized accelerated depreciation of assets.

Cabral — who before co-founding A10, spent 25 years as a senior banker at global investment banks in New York, London and Sao Paulo, including heading up Latin American capital markets for Goldman Sachs and working on deals such as the privatization of Vale in 1996, and Vale’s acquisition of Inco in 2006 — says Sigma has been one of the most exciting projects she has worked on during her career, and that the deal with Mitsui is a validation of the work her team has done.

“It’s a phenomenal alliance, and we’re very pleased to work with Mitsui,” she says. “They are extremely knowledgeable about battery materials, so it’s an honour, really. It speaks volumes about the company and the work we’ve been diligently executing here since 2012.” TNM

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THE NORTHERN MINER / APRIL 29–MAY 12, 2019

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Lundin Mining to buy Yamana’s Chapada mine in Brazil M&A  

| Mine produced 129 million lb. copper and 121,000 oz. gold in 2018

BY TRISH SAYWELL

L

tsaywell@northernminer.com

undin Mining’s (TSX: LUN; NASDAQ: LUMI) proposed acquisition of Yamana Gold’s (TSX: YRI; NYSE: AUY) Chapada copper-gold mine in Brazil for US$800 million in cash will boost its copper production over 25% per year, and add 100,000 oz. gold to annual production.

The open-pit operation in Goias state could produce 54,500 tonnes copper (120.2 million lb.) and 100,000 oz. gold this year, at coproduct cash costs of US$1.60 per lb. to US$1.80 per lb. copper, and US$430 per gold-equivalent oz., according to Yamana’s most recent guidance.

Last year, Chapada produced 129 million lb. copper and 121,000 oz. gold at co-product cash costs of US$1.74 per lb. and US$388 per equivalent oz. gold, generating revenue of US$475.4 million, and mine operating earnings of US$206.2 million, before capital expenses of US$44 million. “This transaction is truly a winwin for both parties,� Marie Inkster, Lundin’s president and CEO, said on a conference call from the company’s Candelaria copper mine in Chile. “The acquisition of Chapada furthers our strategic goals, is fully aligned with our stated acquisition criteria and complements our already strong portfolio of base metal mines.�

Under the deal, Yamana retains a 2% net smelter return royalty on future gold production from the Suruca gold deposit on the mine property, and receives contingent consideration of up to US$125 million over five years, if certain gold price thresholds are met.

Chapada’s three proximal open pits have operated for more than 11 years, and Yamana has been studying plant-expansion opportunities to increase processing rates from 23.4 million tonnes a year to between 28 million and 32 million tonnes per year.

Yamana Gold’s Chapada copper-gold mine in Brazil.   YAMANA GOLD

“There is potential to sustain annual copper production in the range of 68,000 to 72,500 tonnes per annum and 100,000 to 210,000 oz. gold per annum under the expansion scenarios,� Inkster said. “These and other potential expansion scenarios will be further evaluated by Lundin Mining.�

Chapada’s reserves support a 28year mine life, with 664.6 million tonnes grading 0.25% copper and 0.16 gram gold per tonne for a contained 1.68 million tonnes copper and 3.48 million oz. gold. “With Chapada comes further expansion opportunities and significant brownfield and greenfield exploration potential,� Inkster said. “And while having accretively deployed our cash position, we retain low financial leverage and retain the flexibility to act on future op-

Thor secures US$78M THOR From 1

A tailings management facility would be built 1.3 km southwest of the process plant.

Construction could start in the second quarter of 2019, and be completed within 18 months.

At the same time Thor released its DFS on the open-pit part of the project, it completed a preliminary economic assessment (PEA) that evaluated an initial three-year underground mine, which could be brought online during the open-pit mine life to supplement feed from the open pit.

Development capital for the underground mine is US$13 million.

The PEA forecast average life-ofmine production of 33,000 oz. gold per year, at all-in sustaining costs of US$756 per ounce. The post-tax net present value at a 5% discount rate could reach US$35 million. The PEA did not include an internal rate of return estimate.

The deposit at Segilola is open at depth.

Exploration drilling on targets within the exploration licence continues. The project is in the crystalline basement-complex rocks of southwestern Nigeria, within the

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Upper Proterozoic rocks of the Ilesha schist belt, which formed part of the Pan-African mineral belt.

Thor’s shares have traded within a 52-week range of 13¢ to 22¢ over the last year, and at press time were trading at 16¢. The junior has a $52-million market capitalization.

In addition to Segilola, Thor has a 70% stake in the Douta gold project in southeastern Senegal, and a 49% interest in the Bongui and Legue gold permits in southwestern Burkina Faso. TNM

portunities.�

Not only does the addition of Chapada bring high-quality, longlife expandable copper production at attractive cash costs that strengthen the quality of Lundin’s base metal mine portfolio, she continued, but it is “immediately and clearly accretive on key operating and financial metrics, including earnings before interest, taxes, depreciation and amortization, and operating cash f low per share,� as well as being accretive to the net asset values of Lundin’s mineral assets.

Once the transaction is completed, Lundin remains copper dominant, with over 70% of its revenues expected to come from copper, she added.

Chapada is part of a large coppergold mineralized system, 270 km northwest of the national capital of Brasilia.

Lundin expects the copper concentrate grade will be between 24% and 25% copper, with gold grades between 10 grams and 15 grams per tonne, and silver grades between 40 grams and 45 grams per tonne. “This is a really well-run operation, and is one of the lowest-cost mines that you’ll see in South America, or anywhere — the costs are very well controlled,� Inkster said during the question-and-answer part of the call.

She also said that Lundin won’t stop looking at other deals because of this one, and isn’t ruling out future transactions. “I don’t think that this [deal] in any way hurts our ability to pursue

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“THIS IS A REALLY WELL-RUN OPERATION, AND IS ONE OF THE LOWEST-COST MINES THAT YOU’LL SEE IN SOUTH AMERICA, OR ANYWHERE — THE COSTS ARE VERY WELL CONTROLLED.�

MARIE INKSTER PRESIDENT AND CEO, LUNDIN MINING

other things,� she said. “We still have a lot of capacity available in Lundin ... and we’ll continue to look at other things and opportunities.�

In response to Chapada’s tailings dam facility, which has three dikes, Inkster said extensive due diligence was completed. “We are comfortable that this is a low-risk tailings facility.�

News of the acquisition sent Lundin’s shares on the Toronto Stock Exchange up 8.1%, or 55¢, to $7.38, on a trading volume of 6.2 million shares, and at press time were trading at $7.54.

The company’s shares are trading in a 52-week range of $4.70 to $8.96.

Lundin has a $5.5-billion market capitalization.

The Chapada announcement sent Yamana’s shares down 3.5% — or 12¢ — to $3.30, on 5.7 million shares, and at press time trading at $3.07.

Yamana’s shares trade in a 52-week range of $2.66 to $4.20.

Mining analyst Pierre Vaillancourt, who covers Lundin for Haywood Securities, has a $9-per-share target price, and reasons the deal makes good use of the company’s cash.

“The acquisition of Chapada is a good deal for Lundin, making productive use of its $815-million cash reserves [at year-end], while providing more financial flexibility and precious metal focus for Yamana,� Vaillancourt writes in a research comment. “The timing of the transaction is good, as capital spending at other projects falls beyond 2019.�

Andrew Kaip, who covers Yamana for BMO Capital Markets, notes that the Chapada sale lowers BMO’s Yamana net present value 5% — from $2.61 per share to $1.24 per share — and he has trimmed his target price on the stock from $3 to $2.30. “It is clear, in our view, that the sale of Chapada is about removing the shackles of the current debt load of $1.66 billion,� Kaip writes in a research note. “Yamana plans to use part of the proceeds to pay back the $295 million drawn on the revolving-credit facility. Further debt retirement would likely mean paying above face value. We also think that Yamana desired a better cash balance to look at other opportunities.� TNM

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APRIL 29–MAY 12, 2019 / THE NORTHERN MINER

GLOBAL MINING NEWS · SINCE 1915

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E D I T O R IA L

O P- E D

Copper prices remain moribund COPPER

| Much anticipated deficits keep getting delayed

A

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common feature of mining industry gatherings over the past couple of years is a general bullishness on copper’s future, with talk quickly turning to demand for copper being increasingly driven by the rapid adoption rates of copper-heavy electric vehicles (EVs) in Europe, the U.S. and China.

For instance, at the 28th BMO Metals &

BY JOHN CUMMING jcumming@northernminer.com Mining Conference in Florida in February, attendees voted in an informal poll to declare copper as the “top commodity” for 2019, with most observers at the event predicting mid-term copper deficits.

What hasn’t been cooperating with this rosy sentiment is the actual price of copper, which continues to languish below US$3 per lb.

(US$6,613 per tonne) in the spot market. In the futures market, the three-month copper benchmark trades at US$6,455 per tonne.

Copper last traded above US$3 almost a year ago, and copper now trades in the upper range of its five-year chart, well above the dark days of 2016, when prices struggled to keep above US$2 per pound.

A critical story component of the typical bullish copper scenario is that rising copper demand due to growth in the EV market will be met by flatlining — or even declining — mine production, as the world’s largest mines age, head grades fall, and fewer and fewer copper mines come on-stream.

The supply end of that equation may yet indeed happen, but it’s not happening right now. The International Copper Study Group’s (ICSG) preliminary figures for 2018 showed robust copper mine production growth of 2.3% in 2018, with concentrate production rising 2.2%, and solvent extraction-electrowinning (SX-EW), 3.2%.

The ICSG comments that the increase in world mine production of 460,000 tonnes copper in 2018 was “principally due to constrained output in 2017 (mainly in Chile, Indonesia and the Democratic Republic of the Congo [DRC]), and to an unusually low rate of overall supply disruptions in 2018,” and that besides the restart of Katanga’s 300,000-tonne-per-year copper mine in the DRC, no major copper mine started in 2018.

In figures released on April 23, the ICSG found that world copper mine production was essentially unchanged in January 2019 compared to January 2018, with concentrate production remaining flat, and SXEW increasing 0.4%. On a regional basis, mine production shot up 10% in Africa and 5% in Oceania, declined 4% in Asia and 0.7% in Latin America, and stayed the same in Europe.

Copper production in the DRC and Zambia continues to rampup, mainly as a result of the restart of temporarily closed capacity in both countries, in contrast to production in Chile, the world’s biggest copper-producing country, which fell 4%, owing to lower head grades.

In an article in the Financial Times ahead of the copper-mining industry’s flagship CESCO Week gathering in Santiago, Chile, in early April, CRU copper analyst Vanessa Davidson urged caution in the face of recent copper mine and expansion project approvals, such as Anglo American’s Quellaveco project and Teck Resources’ Quebrada Blanca Sulphides project that will only serve to strengthen the copper supply pipeline in the years ahead.

The result, she writes, is that the copper market “looks considerably better supplied in the medium-term than it did a year ago. We at CRU now expect 900,000 tonnes a year more mine supply by the early 2020s than at this time last year, which also had implications for the widely anticipated copper market deficits. In aggregate, we forecast that the shortfall of refined copper production versus demand in the early 2020s has shrunk from 600,000 tonnes a year ago to 200,000 tonnes today.”

CRU also getting more subdued in its mid-term demand outlook, and is now forecasting a slowdown in world copper demand growth from 2.5% per between 2007 and 2018 to 1.9% between 2018 and 2025. Davidson notes that EVs are “a major talking point in the industry, but the consensus is that they will not meaningfully impact on global copper demand until the second half of the 2020s.”

All in all, these are good reasons for miners, explorers and speculators to moderate any enthusiasm for a possible breakout in copper prices in 2019, especially if new copper mine projects continue to be greenlighted. TNM

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

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

COMPANY INDEX Agnico Eagle Mines. . . 9,10 Alexco Resource. . . . . . . . 13 Alrosa. . . . . . . . . . . . . . . . . . 6 American Pacific Mining.15 Anglo American. . . . . . . . 6 ArcelorMittal . . . . . . . . . . 13 Baffinland Iron Mines. . . 13 Banyan Gold. . . . . . . . . . . 13 Bravada Gold. . . . . . . . . . 15 Chow Tai Fook Jewellery Group. . . . . . . 6 Comstock Metals. . . . . . . . 9 De Beers . . . . . . . . . . . . 6,10

Fireweed Zinc. . . . . . . . . . 13 Gold Standard Ventures.15 Kinross Gold. . . . . . . . . . . . 9 Lithium Resources. . . . . . . 1 Lundin Mining. . . . . . . . . . 3 Mountain Province Diamonds. . . . . . . . . . . 6,9 Newcrest Mining. . . . . . . 15 Nicola Mining . . . . . . . . . . 8 Nighthawk Gold. . . . . . . 14 Novo Resources. . . . . . . . 15 NuLegacy Gold . . . . . . . . 15 Nunavut Iron Ore . . . . . . 13

OceanaGold. . . . . . . . . . . 15 Renaissance Gold. . . . . . . 15 Sandfire Resources America . . . . . . . . . . . . . 16 Sandfire Resources NL. . 16 Seabridge Gold. . . . . . . . . 14 Silver Range Resources. . 14 Thor Explorations. . . . . . . 1 Tiffany & Co. . . . . . . . . . . . 6 Victoria Gold. . . . . . . . . . 14 White Gold. . . . . . . . . . . . . 9 Yamana Gold . . . . . . . . . . . 3

Global silver demand rises 4% in 2018: Silver Institute FACTS ‘N’ FIGURES

| Global mine supply recorded third annual decline

The following is an edited release by the Silver Institute relating to the publication of the 29th edition of its World Silver Survey, which was independently researched and compiled by the GFMS team at Refinitiv. Established in 1971, the Silver Institute is a nonprofit international association that draws its membership from across the breadth of the silver industry, including silver mining houses, refiners, bullion suppliers, silver-product makers, and silver investment product wholesalers.

Visit www.silverinstitute.org to download the report, or buy a printed copy.

D

espite headwinds that confronted many asset classes in 2018, including most of the commodities complex, three significantly positive developments emerged in the silver market last year. First, total silver demand increased for the first time since 2015, rising 4% to 1.03 billion ounces. Second, there was a robust recovery in retail investment, led by silver bar demand, which climbed sharply last year. Third, on the supply side, global mine supply fell for the third straight year, after 13 annual increases before 2016.

Silver scrap supply has been in retreat since 2012 and fell nearly 2% last year. These factors led to another tightening of the supplydemand balance, contributing to a physical deficit of 29.2 million oz. in 2018.

Demand The 4% growth in total silver demand for 2018, reaching 1.03 billion oz., marked a three-year high.

The silver coin and bar category rose 20%, although the rise was entirely driven by silver bar demand, which jumped 53%. Silver bar demand was led by strong sentiment in India, where demand leaped 115% higher last year. In contrast, coin and medal demand dipped 4%, although the decrease was lower than the losses recorded in 2017.

Silver jewellery demand moved 4% higher in 2018 to 212.5 million ounces. India was again the standout, pushing its demand for jewellery up 16% to achieve a

record level. Demand also picked up strongly in North America, with the U.S. posting a 7% rise to an all-time high at 17.4 million ounces. Global demand for silverware jumped 6% last year to 61.1 million oz., led by a recovery in demand from India, which experienced a 10% increase to 41.8 million ounces. Turkish silverware demand rose 20% to 1.6 million oz. — a level not seen since 2009.

Global industrial silver demand contracted 1% to 578.6 million oz., primarily due to a dip in silver’s use in photovoltaics (PV), which was down 9% last year. The PV sector faced thrifting and substitution pressures last year. Looking ahead, demand for silver from the PV sector could improve as governments from various countries continue their commitment to generating electricity from renewable energy sources, including solar. Australia, Europe and India could see more installations of solar energy systems in the coming years.

Electronics and electrical demand, the largest component of industrial silver demand, consumed 248.5 million oz. last year — a 2% increase over 2017. China, the U.S., Japan, Germany and India were the main demand centres in this category. Brazing alloys and solders consumed 58 million oz. in 2018 — a 1% increase over the previous year — led by demand in China, the U.S., Japan, India and the United Kingdom.

Silver’s use in photography fell 4% last year to 39.3 million oz., but demand appears to have stabilized, with renewed interest in various photographic applications using silver, especially instant photography systems, which are popular among the youth demographic.

Supply Global silver mine production fell 2% in 2018, experiencing its third consecutive annual decline to 855.7 million oz., after supply disruptions in Canada, Guatemala and the United States. For the second year, the biggest year-on-year variation was posted by primary silver mines, which decreased 7% in 2018 to contribute 26% of total mine supply. The lead-zinc sector See SILVER / 5

2019-04-24 11:06 AM

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 29–MAY 12, 2019

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The LME’s new cobalt contract INTERVIEW

BY ANTHONY MILEWSKI Special to The Northern Miner

The following is an interview by Cobalt 27 Capital chairman Anthony Milewski with the London Metal Exchange’s Product Development department to discuss the LME’s electric-vehicle battery materials initiatives, and the launch of its new cobalt contract.

Anthony Milewski: What is the London Metal Exchange, and what does it offer as a platform?

London Metal Exchange: The London Metal Exchange is the world centre for industrial metals trading. The prices discovered across the LME’s three trading platforms — the Ring, the inter-office “telephone” market and LMEselect, our electronic trading platform — are used as the global reference price, and both the metal and investment communities use the LME to transfer or take on risk, 24 hours a day.

AM: The LME has had a cobalt contract since 2010. Why is the Exchange launching a new cobalt contract now?

LME: The LME launched its physically settled LME Cobalt contract in 2010, which has been a steady performer amongst a core group of supporters for a physically settled contract. That said, the LME has also seen growing appetite for a cashsettled contract over recent years, with the rise in demand for electric vehicles (EVs) and battery metals.

Last year, we consulted the market to find the best risk-management solutions. After extensive engagement with the market, on March 11, 2019, we launched a cash-settled LME Cobalt (Fastmarkets MB) contract to complement our existing physically settled offering.

This new cash-settled contract is settled against the Fastmarkets MB Standard Grade index, allowing market participants who have exposure to the aforementioned price in their physical contracts to

| A history of cobalt on the London Metal Exchange

“THE LME HAS SEEN GROWING APPETITE FOR A CASH-SETTLED CONTRACT OVER RECENT YEARS, WITH THE RISE IN DEMAND FOR ELECTRIC VEHICLES AND BATTERY METALS.” LONDON METAL EXCHANGE PRODUCT DEVELOPMENT DEPARTMENT

hedge across the cobalt value chain with no basis risk.

AM: What are the differences between the new cash-settled LME Cobalt (Fastmarkets MB) contract and the existing physically settled LME Cobalt contract?

LME: There are several differences between the two contracts, but the most relevant are the settlement structure, settlement price and prompt date structure.

Designed to mirror physical trading, daily prompts enable users of the physically settled LME Cobalt contract to accurately hedge their physical transactions down to the day.

The LME Cobalt (Fastmarkets MB) contract settles on the last business day of each month in accordance with the LME trading calendar, out to 15 months, to the price of the Fastmarkets MB Index. In contrast, the physically settled LME Cobalt contract offers daily prompt dates out to three months, weekly prompt dates between three and six months, and monthly prompt dates from the sixth month onward, out to 15 months.

Cash settlement is a method used in certain futures and options contracts where — upon expiration or exercise — the seller of the financial instrument does not deliver the actual physical underlying asset, but instead transfers the associated cash position.

For sellers who do not wish to take actual possession of the underlying cash commodity, cash settlement is a more convenient method of

Global silver demand SILVER From 4

contributed 38% of by-product silver output, followed by copper at 23%, and gold at 12%.

At the regional level, North America posted the biggest contraction last year, dropping 6%.

Offsetting those losses was a record output from Mexico, which was once again the world’s top silver-producing country, trailed

by Peru, China, Russia and Chile.

Silver scrap supply fell 2% to 151.3 million ounces. Lower silver prices accounted for most of the decline, discouraging suppliers and consumers from recycling their silver valuables.

After nine consecutive annual increases, identifiable aboveground stocks fell 3% last year.

North America was the only region to report an increase in aboveground stocks and was up 9%, while Europe recorded a 9% decline and Asia posted a 14% decline.

GFMS reports that government silver sales were once again absent from the silver market in 2018, while the delta-adjusted hedge book declined 2.8 million oz. last year.

Price and investment The annual average silver price fell 7.8% to US$15.71 per oz. last year, with prices trading in a US$13.97 to US$17.52 per oz. range. A com-

1-16_APRIL29_Main .indd 5

bination of factors, including a rising U.S. dollar, interest rate hikes, the trade dispute between the U.S. and China, and lower global economic growth projections from the International Monetary Fund, affected the silver price last year.

Identifiable investment, which consists of net-physical bar investment, coins and medals purchases, and net changes to exchangetraded product (ETP) holdings, rose 5% in 2018, reaching 161 million ounces. This rise was entirely attributed to the upsurge in silver bar purchases. In contrast, total global ETP holdings decreased 20.3 million oz. to finish 2018 at 649.5 million ounces. TNM

transacting futures and options contracts.

Cash settlement is also preferred by financial investors who bring more liquidity lowering the bidoffer spread, which drops the cost of trading.

AM: And what about the physical delivered contract? What will happen to that now?

LME: The LME recognizes the ongoing market support for its physically settled cobalt contract, which has seen an uptake in recent months — with an increase in both trading volumes and stocks — and as such, it will continue to offer a physically settled option alongside the new cash-settled LME Cobalt (Fastmarkets MB) contract.

Physical settlement enables shortposition holders to deliver warrants — a warehouse warrant for the storage of metal, issued by a LMElisted warehouse and in a form approved by the Exchange — against their positions, whilst long position holders will receive warrants, and, ultimately, take physical delivery of the metal or close out their position.

Physical settlement is preferred by a number of market participants — such as cobalt producers who prefer the option of physical delivery — and the steady growth of the battery metals market in recent years has opened up the cobalt market to new market participants wanting to gain exposure to the cobalt price, and have the tools available to manage their price risk.

In recent months we have heard of a number of cobalt producers who are interested in listing their brands on the LME, and as part of our ongoing commitment to lowering barriers to market entry and serving the physical market, the LME has recently waived all brand-listing fees for cobalt producers wanting to enter the market and list their brands on the LME. This waiver will last for six months, until October 2019, and any producers interested in listing on the LME should reach out to the team who will be happy to discuss this in more detail.

AM: Who is the new cash-settled contract for?

LME: Over the past few years, we have seen extreme volatility in the cobalt market, which has a knockon effect on the entire value chain, causing operational concerns — in-

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Cobalt rounds from Vale’s Long Harbour plant, which processes concentrate from the Voisey’s Bay nickel-cobalt-copper mine in Newfoundland. VALE

creasing financing costs, increasing counterparty risk, and, ultimately, increasing the price of goods for consumers.

Furthermore, the significant growth in EVs in recent years has bought new players to the metals market, with considerable capital to invest in this space.

Up until now, these new market participants have struggled to manage their exposure to the cobalt price, especially along the forward curve, as they have not had the tools available to them.

The new cash-settled LME Cobalt (Fastmarkets MB) contract provides exposure to the Fastmarkets MB Cobalt Standard Grade price, helping market participants manage risk along the entire cobalt value chain.

A few examples of market participants who can benefit from these hedging tools include: • Miners, traders and hydroxide producers, as well as traditional consumers like the super alloy industry, whose procurement contracts are linked to the Fastmarkets MB Cobalt Standard Grade index; and • Cobalt sulphate producers and consumers whose procurement contracts are linked to the Fastmarkets MB Standard Grade price, including the EVs and Lithium-ION batteries industry.

As liquidity grows, we expect a number of financial participants, including funds and money managers, to take an interest in the contract.

The LME Cobalt (Fastmarkets MB) contract will be available to trade 24 hours a day across the LME’s telephone market and from 1 p.m. to 7 p.m. London time on LMEselect, the LME’s electronic market.

AM: What liquidity can we expect?

LME: Building liquidity is always the biggest challenge for new exchange-traded products generally, and especially for small markets like cobalt, but we expect liquidity to grow progressively, as our members deploy the infrastructure upgrades that allow them to access this market.

As observed in similar markets, we expect to see most initial liquidity on the telephone market. However, over time we hope to see an increase in the amount of physical players benefiting from the contract and contributing towards an increase in on-screen liquidity and deep-order book — providing the transparency and exposure that market participants require.

We have also introduced a new membership category of registered intermediating brokers (RIBs). These are brokers who facilitate trades between two parties — either LME members or clients — helping to grow liquidity in smaller niche markets, such as the cobalt market. We have seen in the past how RIBs have greatly supported the initial liquidity in other new markets, such as LME Steel Scrap and LME Steel Rebar, playing an integral role in helping these markets to grow.

For more information about the LME’s cobalt offering, contact one of out team members at product. development@lme.com.

— Anthony Milewski is chairman and CEO of Cobalt 27 Capital Corp., which has a cobalt and nickel stream and royalty portfolio as a stockpile of physical cobalt. Visit www.cobalt27. com for more information.

Underexplored PGE/Fe/V/Ti Project Available in Wyoming USA • 670 Hectares (20+km strike length) – 100% mineral rights – Low Holding Cost • Preliminary Estimate (1989) 1.4 billion tons vanadiniferous magnetite resource • 16 drill holes completed – PGE samples up to 4.2 g/t Pt+Au+Pd+Rh • Excellent Infrastructure – 2019 Plan Of Operations Submitted to USFS • 2019 Summary Technical Report Completed by QP Please respond to jimmycrackcore@yahoo.com

2019-04-24 11:06 AM

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APRIL 29–MAY 12, 2019 / THE NORTHERN MINER

Christmas shoppers in 2014 waiting in line to enter the Tiffany & Co. shop in Milan, Italy. ISTOCK/ ANOUCHKA

Are diamond mining stocks a good contrarian play?

COMMENTARY

BY PAUL ZIMNISKY Special to`` The Northern Miner

D

uring Alrosa’s Capital Markets Day on March 18, the company said the most frequently asked questions it gets during one-on-one meetings with investors are those related to the impact that synthetic or lab-created diamonds will have on the business.

Three days later, on a Mountain Province Diamonds (TSX: MPVD) analyst call after the company’s 2018 results, a portfolio manager bluntly stated that “while I appreciate the attempts to kind of dance around the issue of lab-grown diamonds … we all have to just accept the fact that technological improvements will continue, technological progress moves forward and lab-grown diamonds will continue to be a much larger factor.” He added an anecdote: “for those of us who have millennial children, they couldn’t care less whether it’s lab-grown or natural … if it sparkles, looks good and is a diamond, I think that’s what people are going to focus on.”

For any investor that has had exposure to the diamond space in recent years, diamond mining stocks have felt like a vortex that takes your money and does not give it back.

However, it appears that sentiment has reached a level implying that the independent diamond mining industry will not survive, which is seemingly a stretch too far.

Yes, lab-created diamonds will inevitably take market share from natural diamonds, especially at the lower price points, just as moissanite and cubic zirconia did. However, the extent of this growing market share is yet to be determined, and will most likely depend on the success of marketing by not just the lab-created industry, but also the natural industry, which has a resilient history.

Historically, natural diamonds have been the envy of the luxury industry: the penetration of diamonds is unmatched, it is the one luxury item that most women (American, at least) will be gifted in their lifetime.

However, maintaining such an overwhelming market position is almost as difficult as building it, especially in the post-De Beers monopoly era, with the absence of “A Diamond is Forever” campaign.

(De Beers is 85% owned by global diversified mining company Anglo American [LON: AAL] and 15% by the Government of Botswana. Most

1-16_APRIL29_Main .indd 6

| Sentiment implies ‘independent diamond mining industry will not survive’

DIAMOND MINING STOCKS HAVE FELT LIKE A VORTEX THAT TAKES YOUR MONEY AND DOES NOT GIVE IT BACK. of the company’s subsidiaries are joint ventures, with government partners.)

While the challenge of maintaining market penetration in the industry’s most developed markets is offset by new growth in emerging markets — a couple of which (i.e.

India and China) have the potential to eventually overtake the U.S. in size — the diamond industry undeniably faces the aforementioned confrontation. Nonetheless, the natural diamond industry seems far from going away.

Natural diamond supply is estimated to come off this year and continue to incrementally decline through at least 2021, which should support diamond prices and diamond miners.

Weaker diamond prices over the last five-plus years have pared supply, which is approaching normal levels after reaching a post-global-financialcrisis high in 2017. Also worthy of note, a multi-year inventory deleveraging in the Indian midstream sector has already taken place, and inventories there are also approaching a more normal level.

In addition, despite various global macroeconomic concerns, global demand for natural diamonds appears to be relatively stable at the moment.

The largest jeweller in the world, Tiffany & Co. (NYSE: TIF), has guided sales increasing at a “low-single-digit percentage” in the 12 months ending Jan. 31, 2020. Tiffany does not offer lab-created diamonds. Further, the largest jeweller in Greater China, Chow Tai Fook Jewellery Group, opened a record number of new stores in the most recent fiscal year ended March 31, 2018, an undeniable show of confidence in the growth potential of that market. Chow Tai Fook does not offer lab-created diamonds, either.

While investor sentiment is what drives equity valuations — reflected by the “P” of the price-to-earnings (P/E) ratio — the “E” is the part of the equation driven by price fundamentals and operations that the industry has control over.

Seemingly stable global demand

BASKET OF DIAMOND MINER EQUITIES 2017–2019

Diamond miner equities of Alrosa, Petra Diamonds, Gem Diamonds, Firestone Diamonds, Lucara Diamond, Stornoway Diamonds and Mountain Province Diamonds. Components converted to USD on a weekly basis and are market cap weighted (except Alrosa, which is fixed to 10% of actual market cap, and contributes to more than 30% of the total index weight). SOURCE: PAUL ZIMNISKY

GLOBAL NATURAL ROUGH DIAMOND SUPPLY FORECAST

Production in the millions of carats. SOURCE: PAUL ZIMNISKY

for natural diamonds and an apparent favourable supply picture should support diamond prices and the companies producing them, especially those with de-risked mining operations and a manageable debt load.

— Paul Zimnisky, CFA, is an inde-

pendent diamond industry analyst and consultant based in the New York metro area. For regular analysis of the diamond industry, please consider subscribing to his “State of the Diamond Market,” a leading monthly industry report. He can be reached at paul@paulzimnisky.com, followed on Twitter at @paulzimnisky, and he

has a podcast on iTunes.

At press time Paul Zimnisky held a long position in companies with exposure to the natural diamond industry, including Lucara Diamond, Stornoway Diamond, Mountain Province Diamonds, Diamcor Mining, North Arrow Minerals, Tsodilo Resources and Signet Jewelers.

2019-04-24 11:06 AM

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 29–MAY 12, 2019

7

PRESENTS

Canada’s Premier Mining Industry Showcase in UK HEADLINE SPEAKERS

Presented by

PRESENTS

And co-hosted by The High Commission of Canada in the UK

Mark Bristow President & CEO Barrick

David Harquail CEO Franco-Nevada Chairman World Gold Council

Steve Letwin President & CEO IAMGOLD

Peter Marrone Executive Chairman Yamana Gold

Eira Thomas President & CEO Lucara Diamond Corp

GOLD SPONSOR

PROVINCE & TERRITORY PARTNERS

SILVER SPONSORS

PRESENTING SPONSORS

BRONZE SPONSORS

BC Ministry of Jobs, Trade and Technology

NICKEL SPONSORS

Deloitte LLP Grid Metals Corp.

Osisko Gold Royalties

May 22, 2019 Canada House

Trafalgar Square, London, UK

northernminer.com/cms2019

1-16_APRIL29_Main .indd 7

2019-04-24 11:06 AM

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APRIL 29–MAY 12, 2019 / THE NORTHERN MINER

Nicola drills at past-producing New Craigmont in BC COPPER

| Will table resource for material this year

BY RICHARD QUARISA rquarisa@northernminer.com

V

ancouver-based junior Nicola Mining (TSXV: NIM) has finished a 39-hole, reversecirculation drill program at its past-producing 100.8 sq. km New Craigmont copper property in southcentral B.C.’s Nicola Valley, testing waste material at the project’s 3060-Portal.

Highlights from the program include 0.91% copper and 6.44% iron — or 1.08% copper equivalent — over 4 metres from surface, and 0.28% copper and 7.1% iron — or 0.47% copper equivalent — over 8 metres from surface. The company returned an average grade of 0.4% copper equivalent across all 39 drill holes. The grades do not include the impact of magnetite recovery.

Preliminary metallurgical testing

by Nicola has shown that magnetite at the project could increase copper equivalent grades up to 34%.

In total, the project hosts 80 million to 90 million tonnes of waste material piled in terraces. Nicola aims to define a resource from those waste piles this year. It says that the value of the historic terraces are significant, considering that costs of mining have already been paid.

“Over 60% of the cost of mining is mining,” Nicola Mining president and CEO Peter Espig says in an interview with The Northern Miner.

“So if it’s in piles, you’ve mitigated your costs by 60%.

“The economic value of the terraces cannot be underrated.”

Located 14 km from the city of Merritt, B.C., the historic Craigmont copper mine was once the highestgrade major copper mine in North America, according to Espig. It operated from 1961 to 1982, producing close to 1 billion lb. copper grading 1.3% copper from its open pit, and

THE PERFECT

GIFT

Core racks at Nicola Mining’s New Craigmont copper property in British Columbia. NICOLA MINING

more than 2.5% copper from its underground operation. It closed in 1982, when copper prices fell to US60¢ per lb. copper. At the time, the operator paid US61.5¢ per lb. copper to mine.

Management bought out the property, and by 1992 had begun producing magnetite from the historic tailings, although the claims remained split between as many as nine groups at any given time.

A former Goldman Sachs executive, Espig came out of retirement to help save Huldra Silver, which owned B.C.’s Treasure Island silver mine and had become distressed.

Huldra owned 50% of the Craigmont claims. The other claims were at the time divided between six owners.

“You cannot run a company with seven decision makers,” Espig says.

Huldra became Nicola Mining.

The site produced magnetite until 2014, when Nicola asked the operator to stop. A year later, in November 2015, Nicola acquired 100% of the Craigmont claims.

“I hear this story a lot in mining: ‘We’ve got the best gold project in the world, we’ve got a million ounces, it’s grading like 10 grams and were raising $2 million. We got it from Group B, and Group B

spent $10 million drilling, and we have all their results and they made a couple mistakes, and they got it from Group C, and Group C had it for 10 years, and so on. I hear that story a lot. And this is very different,” Espig says.

The project has a historic estimate of 50 million tonnes at 0.4% copper in a halo surrounding the underground orebody west of the historic pit. An exploratory hole the company drilled in 2018 targeting the northern extension of the halo confirmed the presence of a previously unexplored mineralized zone that falls within the company’s active

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mine permit. The hole — 18-2 — cut 1.05% copper over 74 metres from 228 metres downhole, including 2.22% copper over 31 metres from 267 metres downhole.

It was part of an eight-hole, 2,755-metre drill program Nicola conducted at the project’s Craigmont Central zone in 2018. Other intercepts from the program include 0.24% copper over 89 metres from 102 metres downhole, and 0.55% copper over 6 metres from 145 metres downhole.

“There were three questions we needed to understand when we acquired this property,” Espig says.

“First: is there another skarn around there? Second: is this skarn driven by a porphyry system? And third: how much did they leave behind?

“We now know unequivocally that the skarn we have is a porphyry driven skarn, so we will drill some holes targeting the porphyry system this year.”

Nicola says it will likely resume drilling in May or June 2019. It expects to spend in excess of $1 million, and is engaged in discussions with potential strategic partners.

The company has targets for a separate skarn that it will look to drill as well. It aims to drill the halo, confirm the historic resource and hopefully expand it to 100 million tonnes.

To help fund more exploration at New Craigmont, Nicola is using its fully permitted Merritt mill and tailings storage facility, located 10 km northwest of the city of Merritt.

The mill can produce free gold concentrate, gold flotation concentrate and silver concentrate.

It is the only facility permitted to process gold and silver from throughout British Columbia.

“When we got the permit to process — we didn’t apply for it, so I was confused,” Espig says. “The government said we need your site to be a facilitator for small projects in British Columbia.”

The mill was built in 2012 for $30 million: $8 million to zone the land for industrial use, $21.6 million for the mill and infrastructure, and $1.8 million for the construction of a tailings facility.

In 2016, the company spent $2 million on mill upgrades. The mill can now process between 200 and 300 tonnes per day.

The Merritt Mill property hosts an active gravel pit permitted for up to 60,000 tonnes per year and a $1.8-per-tonne tolling agreement with a local cement company.

Nicola has profit-share agreements with six gold projects in British Columbia. In 2016 and 2017, the company accepted material from Smithers and even from Vancouver Island for processing at its mill. The miner pays for the mining costs and to ship its material to the mill.

Nicola pays for milling, and the cost to sell the concentrate. It reimburses itself and the miner, and splits the profit in half.

Nicola shares are trading at 10¢, in a 52-week range of 8¢ to 19¢. The company has a $24-million market capitalization.

It still owns the past-producing Treasure Mountain silver mine, and is looking at another acquisition.

“Without a doubt, New Craigmont will be a mine again some day,” Espig says.

“There aren’t many projects like us in the world. Yes, we are exploration, but we’re a fully permitted exploration site that could go back into mining very quickly.” TNM

2019-04-24 11:06 AM

THE FAR NORTH

SPECIAL FOCUS

A view from Nickel Creek Platinum’s Nickel Shaw nickel-copper-PGM property in the Yukon. NICKEL CREEK PLATINUM

White Gold expands footprint in the Yukon EXPLORATION

| Junior estimates it holds more than 40% of White Gold district

BY TRISH SAYWELL tsaywell@northernminer.com

drilling across 102 holes, as well as more than 3,600 metres of largediametre drilling across 31 reversecirculation holes.

Faraday 2 is shaped irregularly, with an inclined, pipe-like body.

See MOUNTAIN PROVINCE / 10

See WHITE GOLD / 12

The Kelvin camp and bulk sampling drills in 2016 at Kennady Diamonds’ Kennady North diamond project in the Northwest Territories. KENNADY DIAMONDS

Mountain Province improves resource at Faraday 2 NWT

BY RICHARD QUARISA rquarisa@northernminer.com

I

n early April 2019, Mountain Province Diamonds (TSX: MPVD; NASDAQ; MPVD) updated the resource estimate for its Faraday 2 kimberlite — one of several kimberlites at its Kennady North diamond project in the Northwest Territories. This is the first update to the Faraday 2 kimberlite resource since 2017.

The Faraday 2 kimberlite now contains 2.07 million inferred tonnes grading 2.63 carats per tonne for 5.45 million carats. The updated resource shows a 49% increase in tonnage, 17% in grade and 74% in carats. The average value per carat has also increased 25% over the 2017 value, from US$112 per carat to US$140 per carat.

“It’s actually just an interpretation of the previous drill core that we’d had from that area,” Mountain Province Diamonds president and CEO Stuart Brown says in an interview with The Northern Miner.

Brown joined Mountain Province in May 2018.

“We decided to get it tested for micro diamonds. We also then reran all the diamond price information and the distribution of the grade and interpreted that, which allowed us to give what we believe are far better results and more meaningful results for the whole orebody. So it increased the size of the orebody from a tonnage perspective, and it also increased the value dramatically.”

The company had previously spun out its Kennady North assets into another company called Kennady Diamonds. They included the Faraday 1, 2 and 3 kimberlites, and the Kelvin kimberlite. Mountain Province reacquired the assets by buying Kennady Diamonds in early 2018.

Faraday 1 and 3 hold a combined 1.87 million inferred tonnes at 1.01

1-16_APRIL29_Main .indd 9

| Project sits next to Gahcho Kué diamond mine

carats per tonne for 1.9 million carats. The Kelvin kimberlite has 8.5 million indicated tonnes at 1.6 carats per tonne for 13.62 million carats.

“It was part of our review to increase the value of Kelvin and Faraday as a whole with the least amount of money possible, which

I think has worked very well for us,” Brown says.

The updated resource includes the northwest extension of Faraday 2 — which Kennady discovered in 2017 — and extended the kimberlite 150 metres. It includes more than 22,100 metres of core

W

ith four discoveries in the Yukon last year, a property purchase this year, and financial and technical backing from partners Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kinross Gold (TSX: K; NYSE: KGC), White Gold (TSXV: WGO) has momentum as it heads into 2019’s exploration season.

The company’s acquisition in January of the 163 sq. km QV project from Comstock Metals (TSXV: CSL) brings its holdings in the White Gold district to 4,390 sq. km — or, by its estimates, over 40% of the entire district.

The QV project comes replete with 230,000 contained oz. gold in 4.4 million inferred tonnes grading 1.65 grams gold per tonne — based

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APRIL 29–MAY 12, 2019 / THE NORTHERN MINER

Agnico Eagle forecasts record production in 2019 GOLD

BY TRISH SAYWELL

A

tsaywell@northernminer.com

gnico Eagle Mines (TSX: AEM; NYSE: AEM) forecasts record production this year, with the start of two gold mines at Meliadine and Amaruq in Canada’s Arctic.

With the output from the new mines, the company forecasts total gold production of 1.75 million ounces in 2019. That number could rise to 2 million oz. in 2020 and 2.05 million oz. in 2021, the company says.

Agnico’s growing production platform should result in greater cash flow, allowing the company to fund its project pipeline with internally generated funds, reduce debt and increase dividends, Sean Boyd, the company’s president and CEO, told analysts and investors on a conference call in February.

“What we continue to prove over and over is that our build-our-own mines approach works very well for us, so we’re going to continue to focus on that,” the mining execu-

| Far North strategy pays dividends

tive said.

Meliadine, the company’s second major project in the Low Arctic, is ahead of schedule and under budget, and is expected to start commercial production early in the second quarter of this year. At Amaruq, open-pit mining has started at the Whale Tail pit, and production start-up is on track for the third quarter of the year.

The company says Meliadine will produce 230,000 oz. gold in 2019 (including pre-commercial production of 60,000 oz.) at total cash costs of US$612 per oz., while Amaruq will produce 165,000 oz. gold (including pre-commercial production of 40,000 oz.) at total cash costs of US$812 per ounce.

Meadowbank, Agnico’s first mine in the Low Arctic, will reach the end of its mine life this year, after producing 3 million oz. gold in 2018.

The open-pit mine — 300 km west of Hudson Bay and 100 km north of Baker Lake — churned out 248,997 oz. gold at total cash costs of US$814 per oz. last year, and is expected to deliver 65,000 oz. at total cash costs

of US$990 per oz. in its final year.

Meadowbank’s mill will soon transition to processing ore from Amaruq, 50 km northwest.

On the conference call, Boyd noted that while 2018 was a transition year from Meadowbank to other production platforms in Nunavut, Agnico’s total production only declined 5% from 2017 to 2018, for a “nice, smooth transition.”

“Several years ago, when we were looking at this transition, there was potential for a sizeable gap in production, but our team has done an exceptional job,” he said. “Really what you had was basically a dozen drill holes [at Amaruq] in 2013, with the first drilling done in August of 2013, and, literally, six years later, you’ve got a mine starting up.”

Meliadine, 290 km south of Meadowbank, is the company’s largest gold deposit in terms of resources.

The deposit contains proven and probable reserves of 16.7 million tonnes grading 6.97 grams gold for 3.8 million oz. gold. Measured and indicated resources stand at 25.96 million tonnes grading 3.81

grams gold for 3.18 million oz., and inferred resources of 13.48 million tonnes grading 6 grams gold for 2.6 million ounces.

Agnico approved construction of Meliadine, near the western shore of Hudson Bay in Nunavut’s Kivalliq district, in February 2017.

The mine could produce 5.7 million oz. gold over its 14-year mine life.

The reserves are found in the Tiriganiaq and Wesmeg deposits, while the resources are in Tiriganiaq and Wesmeg, plus five nearby deposits.

The 1,114 sq. km property includes an 80 km long greenstone belt.

The company plans to spend $5.2 million on a 10,000-metre drill program at the Tiriganiaq deposit, on top of 12,500 metres of conversion drilling. It has also budgeted a $1.4-million, 5,000-metre regional exploration program.

“We continue to drill it, and we see intersections that suggest that the deposit at Tiriganiaq will continue to grow,” Boyd said.

Amaruq hosts the Whale Tail deposit, as well as the I, R, V and

Mammoth zones.

The deposits support a seven-year mine life, and sit on a 945 sq. km property on Inuit-owned and federal crown land, north of Baker Lake.

The updated life-of-mine plan calls for 2.5 million oz. gold production between 2019 and 2025. In 2020, production would be 268,000 and 277,000 ounces.

As of Dec. 31, 2018, Amaruq has an open-pit reserve of 24.9 million tonnes grading 3.59 grams gold per tonne for 2.9 million contained oz. gold. Open-pit and underground resources stand at 8.9 million indicated tonnes grading 3.97 grams gold for 1.1 million contained oz. gold, and open-pit and underground inferred resources of 12.6 million tonnes grading 5.12 grams gold for 2.1 million contained oz. gold.

Agnico’s land package at Amaruq, which means “large wolf” in Inuktitut, covers 40 km of the Woodburn Lake Group of Archean supracrustal rocks — the same sequence as at its Meadowbank mine.

See AGNICO EAGLE / 14

Mountain Province improves resource at Faraday 2 MOUNTAIN PROVINCE From 9

It has been drill defined over 600 metres and remains open to the northwest. The body varies in width between 30 and 50 metres, and the vertical thickness ranges from 10 to 100 metres beneath the southeast end of Faraday Lake, and 59 metres thick at the furthest end of the northwest extension.

The Faraday 1, 2 and 3 kimberlites and the Kelvin kimberlite are located

10 km northeast of the Gahcho Kué diamond mine, on adjacent exploration properties wholly owned by Mountain Province. Mountain Province is a 49% joint venture owner with De Beers at Gahcho Kué. Four kimberlites are being developed at Gahcho Kué under the current mine plan. Mountain Province controls 671 sq. km around Gahcho Kué.

“With this small piece of work, we now have a meaningful set of orebodies that should be able to be

integrated into the overall mine plan, once we’ve locked down the next mine-planning phase,” Brown says.

“We want to avoid having to build a stand-alone plant — I don’t think the orebody would be as profitable if we did that. I’d prefer to bring it into the joint venture at an appropriate time.”

Gahcho Kué produced 6.93 million carats in 2018 — up from 5.93 million carats the year before. It generated $311 million in sales revenue in 2018,

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which is up from $170 million the year before. In 2018’s fourth quarter, it treated 751,000 tonnes at 2.06 carats per tonne to recover 1.54 million carats. Still, Gahcho Kué reported an $18.9-million loss in 2018, down from a $17.1-million gain in 2017.

Shares of Mountain Province are trading at $1.27 within a 52-week range of $1.09 to $3.72. The company has a $268-million market capitalization. The company expects a long-term mine plan from De Beers in July or August. De Beers puts one out every year.

“Once we see all of that information, we’re then in a position to go out and do our own thinking about how to bring Kelvin-Faraday in, and then sit down with De Beers and say: ‘OK, what if we introduce Faraday 2 in this area and supplement it, we can further enhance the value of the mine,’” Brown says.

“That’s our long-term thinking at the moment. For me to do any long-term planning based on last year’s plan is counter-productive, because the economics are going to be so much better.” TNM

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2019-04-24 11:06 AM

GLOBAL MINING NEWS

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THE NORTHERN MINER / APRIL 29–MAY 12, 2019

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APRIL 29–MAY 12, 2019 / THE NORTHERN MINER

White Gold expands footprint in the Yukon WHITE GOLD From 9

on just 17 drill holes — and sits 44 km northwest of Goldcorp’s (TSX: G; NYSE: GG) Coffee project, which is being developed as an open pit and heap-leach gold mine, slated for production in 2021.

The project is 20 km southwest of the Vertigo discovery White Gold made in 2018, and contiguous to the company’s flagship White Gold property, which hosts the Golden Saddle and Arc deposits, 85 km south of Dawson City and 350 km northwest of Whitehorse.

Golden Saddle and Arc combined have 12.3 million indicated tonnes grading 2.43 grams gold for 961,000 contained oz. gold, and 4.9 million inferred tonnes grading 1.62 grams gold for 283,000 contained oz. gold.

In addition to the mineral resource near surface, the deposits contain 235,000 inferred tonnes grading 3.53 grams gold that could be amenable to underground mining.

Jodie Gibson, White Gold’s vicepresident of exploration, who works closely with renowned prospector Shawn Ryan, the company’s chief technical advisor, says the newly acquired QV project has similarities with the company’s existing deposits on the White Gold property. “The mineralization itself is as close as you could get to a twin of Golden Saddle,” he says in an interview. “The gold is great, metallurgically. It’s free milling — whether it’s oxide or sulphide — so that’s very attractive to us, as well, and it’s wide open both along strike and at depth, so we see potential to expand that resource.

“The 2014 resource for VG was based on fairly coarse and limited drilling — just 17 holes for just over 4,000 metres,” he adds. “So the fact that you’re getting a 230,000 oz. gold resource out of that is pretty impressive, as it is.”

Gibson — who was project manager on the QV project when Comstock Metals held the asset and oversaw the discovery holes in 2012 — notes that there are other targets on the large land package, such as Golden Saddle and Vertigo, which are each 12 km from the QV project, and that “we’re seeing similarities in terms of associated structural controls and geochemistry on some of the other targets on the QV property, and these are things I’ve seen with only limited work — mainly soil sampling and a bit of prospecting.”

White Gold has earmarked $13 million for the 2019 exploration season, which will include drilling at the VG deposit to expand the known resources, and regional exploration to advance high-priority targets in the area. The funds will also help the company’s four discoveries in 2018: Vertigo, GS West, Ryan’s Surprise and Betty Ford.

Vertigo will absorb the largest part of the budget — just over half, Gibson says — with 7,500 metres of diamond drilling across the 2 km trend to show the geology, geometry and continuity of the system, and another 2,500 metres for followup drilling on key zones within the system to test plunge lines and alternative geometries. A reversecirculation drill will also test the continuity of mineralization along strike to build more targets for diamond drilling.

White Gold found Vertigo on its 570 sq. km JP Ross property in September 2018. Vertigo is 25 km north of Golden Saddle, 75 km south of Dawson City and within 2 km of an existing road. Highlights from drilling include hole 18-14 and hole 13, which intersected 23.44 grams gold per tonne over 30 metres from surface, and ended in mineralization. Hole 18-1 cut 56.25 grams gold over 3 metres within a broader intercept of 17.34 grams gold over 11 metres, from 3 metres’ depth.

At least 12 individual mineralized structures have been found over a 1,500- by 650-metre area, with 14 known target areas. Drill testing to date has validated mineralization over 500 metres of strike length, which is open along strike and at depth, along a 12 km mineralized trend.

“The key takeaways with Vertigo are: a) it has got a very large footprint, of which we have only drilled a fraction; b) it’s high grade; c) all indications from the field and from studies we have done since then is that the gold is coarse and free milling; and d) it’s road accessible,” Gibson says.

“It’s the first kind of evidence that we have within the Klondike of gold in the rock, and you can follow it down to the point where they are actively mining placer gold in the creek,” he continues.

“When you think of high-grade things, some people think of veins or vertical structures, and what’s unique about Vertigo is that we have identified multiple structures —

White Gold’s JP Ross gold exploration property, which hosts the Vertigo discovery. WHITE GOLD

about a dozen — within a 650-metre corridor. From drilling last year, we tested them over 300 metres of strike length, but we know from our soils, prospecting and geophysics that the trend extends upwards of 2 km, and so, for this reason, we’re going to have two diamond drills and a 10,000-metre program focused on defining the geometry of these zones, looking at continuity laterally and vertically, and testing these things to depth.”

So far Vertigo has only been tested 100 metres deep.

White Gold also plans to drill its recent GS West and Ryan’s Surprise discoveries.

The company found the GS West zone in September 2018, 750 metres west of the edge of the Golden Saddle deposit. The new shallow mineralized zone is open at depth and along strike, and intersected mineralization in all three holes, including 1.92 grams gold over 24 metres from 117 metres’ depth in hole 18-DO184, with 2.97 grams gold over 10 metres from 118 metres’ depth.

The discovery, White Gold says, shows the potential for more zones of near-surface mineralization close to Golden Saddle.

GS West, Gibson says, has the same mineralized structure and mineralization as Golden Saddle.

“The mineralization was just beyond 100 metres below surface, so it’s potentially open-pittable and checks all the boxes, with us being able to expand the Golden Saddle resource. This year we’ll have about 5,000 metres of diamond drilling focused on the GS West area and connecting the dots between it and Golden Saddle itself, and building

“IT’S THE FIRST KIND OF EVIDENCE THAT WE HAVE WITHIN THE KLONDIKE OF GOLD IN THE ROCK, AND YOU CAN FOLLOW IT DOWN TO THE POINT WHERE THEY ARE ACTIVELY MINING PLACER GOLD IN THE CREEK.” JODIE GIBSON VICE-PRESIDENT, EXPLORATION, WHITE GOLD

that resource.” In addition, 1,500 metres of infill and step-out drilling is planned for the Arc deposit.

White Gold expects to drill between 1,000 and 1,500 metres this year to follow up on its discovery in August of Ryan’s Surprise, which is 2 km west of GS West. The discovery was situated on an 800- by 115-metre soil anomaly, with values from trace up to 1.6 grams gold per tonne, on trend with Golden Saddle.

The discovery hole intersected 20.64 grams gold over 6 metres from 84 metres’ depth in hole 18RC1. Drill hole 18RC2 returned 13 metres of 5.02 grams gold from 122 metres downhole, including 9.25 grams gold over 5 metres from 123 metres downhole, 100 metres west of the discovery hole.

Ryan’s Surprise “is a different structural system, but the unique thing about it is that it’s very high grade, and has some similarities with Vertigo,” Gibson says. “We’re looking at near-vertical, high-grade structures.”

It also found a zone in October called Betty Ford in the centre of its Betty property, 58 km southwest of Golden Saddle and 62 km south–southwest of Vertigo, along the continuation of the Coffee Creek

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fault. The property is contiguous to Goldcorp’s Coffee and Western Copper and Gold’s (TSX: WRN; NYSE-AM: WRN) Casino properties to the east.

The Betty property consists of a 12 km trend of anomalous gold in soils associated with intrusion-related and structurally controlled-style gold targets. Drilling on the Ford target consisted of 504 metres of shallow (less than 100 metres’ depth) rotary air-blast drilling over six holes covering a 220- by 160-metre area within the central part of the soil anomaly.

Hole 18-2 cut 1.08 grams gold over 50 metres from 5 metres’ depth, including 2.24 grams gold over 9 metres from 20 metres downhole, with the top 26 metres of the hole showing oxidized mineralization.

Hole 18-1 intersected 4.59 grams gold over 2 metres within a broader 24-metre intercept grading 0.94 gram, starting from 20 metres deep.

“The Betty property remains underexplored, and we believe that this preliminary shallow drill program has just scratched the surface of the mineral potential along the Coffee Creek fault,” Gibson says. “This one we definitely need to follow up on.”

Unlike the Coffee deposit, which has strong arsenic association, Gibson says, the Ford is gold only, and it’s more akin to the Golden Saddle deposit. “We have got some ideas on structural controls and orientation, but we have the luxury of time with this, so we’ll go in and do some detailed geological mapping and interpretation, and then set up our next steps.”

White Gold CEO David D’Onofrio is excited about the company’s prospects.

“What I love is we’re seeing that our thesis is playing out,” he says.

“We’re having success, and the more success we have the more we learn, and the more confident we’re becoming in the probability of future discoveries.

“We have a lot going on. This company is set up for the next 30 years, and we’re just scratching the surface now. What we have is akin to owning 40% of the Timmins camp 40 or 50 years ago.”

At press time, White Gold shares traded at $1.16 in a 52-week range of 54¢ to $2. White Gold has a $133-million market capitalization.

Agnico Eagle Mines and Kinross Gold each own 19.2% of the company. Management and insiders own 23%, with the other 38.6% public f loat including several strategic institutional shareholders. TNM

2019-04-24 11:06 AM

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 29–MAY 12, 2019

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FAR NORTH SNAPSHOT

Eight companies active in Canada’s Far North can produce approximately 4 million oz. silver per year. The operational and economic metrics of the study show an improvement over the previous preliminary economic assessment in nearly all categories including a higher net present value, increased annual silver production, lower capital requirements, improved operating costs and productivities, increased mine tonnage and throughput, lower lifeof-mine, all-in-sustaining costs, and an impressive internal rate of return.

With the results of the prefeasibility study now in-hand, we are on a clear path to production at Keno Hill.”

The daunting task of exploring for minerals and developing mines in Canada’s Far North hasn’t dissuaded global mining companies from seeking riches in these underexplored regions. Here is a look at eight companies with substantial mineral assets in the country’s Far North.

ALEXCO RESOURCE Alexco Resource (TSX: AXR; NYSEAM: AXU) owns the historic Keno Hill silver district in the Yukon, and is working to resume commercial silver mining in the district through its Keno Hill silver project.

Alexco completed a positive prefeasibility study in March for expanded silver production at Keno Hill that envisages producing over an eight-year mine life total payable metals in concentrate of: 27.2 million oz. silver, 67.2 million lb. zinc and 65.4 million lb. lead. Average annualized contained silver-inconcentrate is 4 million oz. per year, based on full production years.

Initial capital costs are an estimated $23.2 million comprised of $17.9 million of surface and underground development costs to reach mill commissioning, plus $5.3 million of net working capital for two months of mill operations ramp-up prior to positive cash flow.

In April, Alexco raised $3.5 million via a bought-deal private placement of 1.84 million flow-through shares at $1.90 per share.

BAFFINLAND IRON MINES Since 2015, privately held Baffinland Iron Mines has been mining one of the world’s highest quality iron ore deposits at its Mary River operation in the Qikiqtani region of North Baffin in Nunavut.

Baffinland is jointly owned by steel giant ArcelorMittal (NYSE: MT) and Nunavut Iron Ore, with its head office in Oakville, Ont., and its northern office in Iqaluit, the capital of Nunavut.

Alexco chairman and CEO Clynton Nauman said: “The results of the prefeasibility study reflect the exceptional asset we have in Keno Hill, and demonstrate a robust, highmargin primary silver operation that

Mary River ore is so rich and close to surface that Baffinland’s operations — from mining through to crushing and shipping — all take place at its mine and port sites, with no processing or tailings involved.

There are nine high-grade iron ore deposits on the property, and Baffinland is focused on exploiting Deposit No. 1, where it has completed more than 200 drill holes totalling more than 30,000 metres.

At the port, ore is loaded onto bulk-carrier ships during the ice-free summer season — typically from July to September — with Baffinland noting that most of its ships travel across the Atlantic Ocean and through European ports, with the cargo used by steelmakers in continental Europe.

Baffinland is considering expanding its Mary River operations in a twophase plan that it says is “essential to the viability of the project,” and is involved in technical meetings and public hearings about the plan through 2019.

The expansion would cost $900 million and boost output to 30 million tonnes of iron ore per year, with the key feature being a 150 km railway from the Mary River iron mine site to an enlarged port on Milne Inlet.

BANYAN GOLD Banyan Gold (TSXV: BYN; US-OTC: BYAGF) is focused on advancing two Yukon gold projects named Hyland and Aurex-McQuesten that the Vancouver-base junior says have “multimillion-ounce potential.”

Hyland in southeastern Yukon’s Tintina gold belt hosts an indicated resource of 8.6 million tonnes

grading 0.85 gram gold-equivalent per tonne for 236,000 gold equivalent oz., plus an inferred resource of 10.8 million tonnes at similar grades. Banyan says this resource is located on what is known as the “Main Zone,” and is open in all directions.

metals in 2019.

Aurex-McQuesten is in the Mayo mining district, 56 km northeast from the village of Mayo, and 356 km north of Whitehorse, within the traditional territory of the Na-Cho Nyak Dun First Nation.

Banyan acquired Aurex-McQuesten in 2016 from Alexco Resource and Victoria Gold, and says it is “highly prospective” for structurally controlled, intrusion-related goldsilver mineralization in relation to quartz monzonite dikes of the Tombstone intrusive suite. The property hosts numerous gold targets, and Banyan has developed a mineralization model at the McQuesten target.

In February the company raised $5 million in a non-brokered private placement, including a lead order by strategic investor Teck Resources.

Teck’s participation brings its interest in the junior from 4.7% to 9.9%. Fireweed’s largest shareholder, RCF Opportunities Funds, also participated in the offering, acquiring 750,000 shares to keep its 13% stake. The money will be used on exploration and resource expansion at Macmillan Pass.

In February, Banyan raised $450,000 via the first tranche of a nonbrokered private placement of flowthrough shares and warrants, with funds earmarked for exploration of its Yukon assets.

Fireweed describes Macmillan Pass as “among the world’s most significant zinc resources” and hosting the Tom, Jason, Boundary zone and End zone zinc-lead-silver deposits.

A May 2018 preliminary economic assessment outlined an 18-year mine life, with 32.7 million tonnes of mineralized material mined at an average processing rate of 4,900 tonnes per day. The study estimated average yearly contained metal production of 85,000 tonnes zinc, 48,000 tonnes lead and 2 million oz. silver. Pre-production capex was pegged at $404 million, with a fouryear payback.

FIREWEED ZINC Vancouver-based zinc explorer Fireweed Zinc (TSXV: FWZ; USOTC: FWEDF) has been on bit of a roll, with consistent exploration successes at its Macmillan Pass zinc project in the Yukon and buoyant zinc prices being one of the few bright spots among the major

Fireweed completed a resource estimate in January 2018 for the Tom and Jason deposits. Together they contain an indicated resource of 11.2 million tonnes grading 6.59% zinc, 2.48% lead and 21.33 grams silver per tonne, for a zinc-

See SNAPSHOT / 14

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FAR NORTH SNAPSHOT SNAPSHOT From 13 equivalent grade of 9.61%. Inferred resources stand at 39.47 million tonnes grading 5.84% zinc, 3.14% lead and 38.15 grams silver per tonne, for a 10% zinc-equivalent grade.

The company’s executive chairman, John Robins, is a geologist and entrepreneur. Before Fireweed he was the founder, chairman and director of Kaminak Gold, which discovered the Coffee gold deposits in the Yukon, which were sold to Goldcorp for $520 million.

prospecting program.

Of this amount, Nighthawk says $1 million will be spent on regional mapping and prospecting, which will continue to assess the land package for discoveries, and move targets up the value chain towards drill-ready status.

Its objectives are to continue the expansion of higher-grade mineralization intersected to date at Colomac, and explore for other zones of near-surface, higher-grade material within the Colomac area sills, culminating in the delivery of a resource update by early 2020.

NIGHTHAWK GOLD Toronto-based Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) says it is developing “Canada’s next gold camp,” with control over 90% of the prospective and historic Indin Lake greenstone, 200 km north of Yellowknife in the Northwest Territories.

Its assets in the belt include an inferred resource at the Colomac project of 50.3 million tonnes grading 1.64 grams gold per tonne 2.6 million oz. gold.

In a project update in April, Nighthawk said it has started its 2019 drilling program with three drills active at Colomac, and an exploration budget for the year of $10 million — which includes a minimum 25,000 metres of drilling (split between Colomac and select priority gold targets within its extensive regional land package), as well as the continuation of the regional mapping and

Nighthawk president and CEO Michael Byron commented that “we are very pleased to be embarking upon our eighth drilling season at the Indin Lake Gold Property. We’ve had great success over the years rejuvenating the Colomac deposit into an ever growing, mutlimillionounce opportunity, with a new highgrade storyline, and exceptional metallurgy.”

The junior’s shareholder base includes Kinross Gold, Osisko Royalties and McEwen Mining.

SEABRIDGE GOLD Toronto-based Seabridge Gold (TSX: SEA; NYSE: SA) continues its work advancing some of North America’s largest gold-copper deposits, most notably the KSM and Iskut properties near Stewart, B.C., and the Courageous Lake gold project in the Northwest Territories.

In March, Seabridge boosted the

resource estimate for the Iron Cap deposit, which is one of four large gold-copper porphyry deposits within its wholly owned KSM project. The new resource figure incorporates all previous drilling, plus 20,341 metres of diamond core drilling in 18 holes during 2018.

Iron Cap’s indicated resources now stand at 423 million tonnes grading 0.41 gram gold per tonne, 0.22% copper, 4.6 grams silver per tonne and 41 parts per million molybdenum, while inferred resources have swelled to 1.9 billion tonnes at 0.45 gram gold, 0.30% copper, 2.6 grams silver and 30 parts per million molybdenum.

Seabridge says the new resource estimate has “achieved the targeted size and grade, which are likely to warrant moving the Iron Cap deposit ahead of the Kerr and Sulphurets deposits in the project’s mine plan.”

It adds that its exploration success at Iron Cap over the past two years has given it greater flexibility to optimize project economics, with Iron Cap being closer to infrastructure than Kerr and Sulphurets, and thus its development could be faster and less costly. It says there exist significantly higher-grade underground cave opportunities with substantial tonnage, and that Iron Cap “clearly has the size and grade to justify early inclusion in the mining sequence.”

Due to its 2018 exploration program, Seabridge notes that it added 460,000 indicated oz. gold resources and 7.5 million oz. inferred gold resources.

SILVER RANGE RESOURCES Vancouver-based junior Silver Range Resources (TSXV: SNG; US-OTC: SLRRF) is led by seasoned president and CEO Michael A. Power, and bills itself as a “high-grade, precious metals project generator.”

The company has 42 properties — mostly across Nevada and northern Canada — including 16 projects, and it says it is “ready to deal.”

In April, Silver Range entered into a shares-for-services agreement with Paladin Geoscience, a private company controlled by Silver Range’s president and CEO Power, whereby Paladin will provide geological and other consulting services to Silver Range, with half its fees paid in cash and half in Silver Range shares at market rates.

Silver Range said in March it had started exploration in Nevada, and added that “in light of current market conditions and the opportunities they create, the company will concentrate on identifying and acquiring costeffective targets with asymmetric risk-reward profiles, and on internal economies to reduce nonoperational expenditures.”

In Nunavut, Canarc Resources (TSXV: CCM) informed Silver Range that its would drill the Hard Cash property in 2019, where a 3.4 km trend of high-grade surface rock samples follow a magnetic break and an electromagnetic resistivity low. In-situ surface exposures along this trend have assayed up to 125 grams gold per tonne and 719

grams silver per tonne. Canarc can earn a 100% interest in Hard Cash, subject to a 2% royalty and success fees, by making staged payments totalling $150,000 and issuing Silver Range 1.5 million shares.

VICTORIA GOLD Toronto-based mine developer Victoria Gold (TSXV: VIT; US-OTC: VITFF) is on the cusp of completing construction of Canada’s newest gold mine at its Eagle project in central Yukon.

Victoria reports that construction is on target for the company to pour first gold in the second half of 2019. In full production, Eagle will produce 200,000 oz. gold per year for 10 to 11 years, and will be the largest gold mine in Yukon history.

The Eagle mine site is on Victoria’s wholly owned Dublin Gulch gold property, 375 km north of the capital city of Whitehorse, and 85 km from the town of Mayo, with the property being accessible by road year round, and located within Yukon Energy’s electrical grid.

The Eagle project’s Eagle and Olive deposits include proven and probable reserves of 2.7 million contained oz. gold in 123 million tonnes grading 0.67 gram gold per tonne.

The measured and indicated resource, inclusive of reserves, stands at 208 million tonnes at 0.66 gram gold for a contained 4.4 million oz. gold. Another 20 million tonnes at 0.64 gram gold lie in the inferred category. TNM

Agnico Eagle forecasts record production in 2019 AGNICO EAGLE From 10

The company discovered Amaruq’s I, V and R zones in 2013, followed by Whale Tail in the first half of 2014. Agnico gave the green light to build a mine in February 2017, and development work began in July 2018, after all the final permits were granted.

Whale Tail is the largest discovery at Amaruq so far. It has been defined over a strike length of at least 2.3 km, and extends from surface to a depth of 915 metres. It remains open at depth and along strike.

The V Zone, north of Whale Tail, is the second source of open-pit ore at Amaruq.

The deposits at Amaruq show underground potential below their designed pits, the company says.

The pit at Whale Tail, for instance, is expected to bottom at 285 metres, but its resources stretch to 800 metres’ depth. The IVR pit has an expected bottom of 120 metres, with resources extending to 700 metres’ depth.

Work is being undertaken to evaluate the potential for an underground operation, which could run alongside the open-pit mine. Mining the bottom of the Whale Tail open pit from underground could provide quicker access to higher grades and lower stripping costs.

Agnico started work on an underground exploration ramp in January

2018 — completing 1,214 metres — and the company plans to develop the ramp another 1,440 metres in 2019.

“We’re evaluating the potential to open up an underground opportunity there, but also to optimize the pit, because if we’re going to go underground … that allows us to do less stripping in the pit, and become much more efficient in the allocation of capital and the return on the pit,” he says. “So we’ll have more details on that as we move through 2019.”

This year the company also plans to complete an $8.1-million, 32,800-metre exploration drill program, and another $4.4-million, 20,300-metre conversion drill program.

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“WHAT WE CONTINUE TO PROVE OVER AND OVER IS THAT OUR BUILD-OUR-OWN MINES APPROACH WORKS VERY WELL FOR US, SO WE’RE GOING TO CONTINUE TO FOCUS ON THAT.” SEAN BOYD PRESIDENT AND CEO, AGNICO EAGLE MINES

Exploration focuses on Whale Tail’s deep extensions toward the west and the east, V Zone deep extensions, and extending the resources of the Whale Tail North structure toward the east to fill the gap with the V Zone, and at depth.

“Exploration remains a key driver for us,” Boyd says. “We’re actively drilling on a big part of our project pipeline. We continue to see good results at places like Meliadine, where we have encountered good grades outside of the known mineral reserve and resource outline. And our experience largely has been that we tend to create more value, from an exploration standpoint, once we get the production base established, and we would certainly expect that to happen at Meliadine, given the size of the land package there that’s largely under-explored — and at Amaruq, drilling continues to give us confidence in the underground opportunity there.”

Elsewhere in the north, Agnico is making progress on shaft and mill-expansion work at its Kittila mine in northern Finland, 900 km north of Helsinki and 150 km north of the Arctic Circle. The company approved a €160-million (US$181million) project that includes building a 1,044-metre-deep shaft, and increasing throughput at the processing plant 25%, to 2 million tonnes per year.

Kittila is the largest gold producer in Europe, and has a mine life es-

timate through 2035. It also hosts the company’s largest proven and probable reserves, with 4.4 million contained oz. gold within 31 million tonnes averaging 4.5 grams gold.

Kittila could produce 175,000 oz. gold this year at total cash costs of US$822 per ounce. In 2018, it produced 188,979 oz. at total cash costs of US$853 per ounce. In 2020, Agnico is guiding for 215,000 oz. gold.

The Kittila property covers 237 square kilometres. The mine area includes a group of six gold deposits along a 4.5 km segment of the 25 km Suurikuusikko trend, a major gold-bearing shear zone. Most of the reserves and resources are found in three deposits — Suuri, Roura and Rimpi. The others are called Etela, Ketola and Sisar.

The region around the mine is underlain by mafic volcanic and sedimentary rocks of the Kittila greenstone belt, which is similar to those hosting Canadian deposits in Quebec’s Abitibi and Nunavut.

The company plans to spend $8.2 million this year on 34,400 metres of exploration drilling to explore the Kittila mineral reserve and resource potential, and to evaluate the potential to develop the Sisar zone as a new mining horizon. There is a budget for $1.1 million for 8,000 metres of conversion drilling. Agnico plans to spend $2.5 million on exploration outside its mining-licence area along the Suurikuusikko, Kapsa and Hanhimaa trends. TNM

2019-04-24 11:06 AM

GLOBAL MINING NEWS

15

THE NORTHERN MINER / APRIL 29–MAY 12, 2019

American Pacific signs JV with OceanaGold NEVADA GOLD

| OceanaGold says Tuscarora resembles its Waihi mine in New Zealand

BY TRISH SAYWELL

I

tsaywell@northernminer.com

n its fourth joint-venture deal in Nevada over the last six months, OceanaGold (TSX: OGC; ASX: OGC) will invest US$4 million for the next four years to earn a 51% stake in American Pacific Mining’s (CSE: USGD; US-OTC: USGDF) Tuscarora gold project.

OceanaGold’s other three joint ventures are with Bravada Gold (TSXV: BVA) on its Highland project in Nevada’s Walker Lake district, and with Renaissance Gold (TSXV: REN) at its Spring Peak project, also in Walker Lane, and its Fat Lizard project, in the Quinn Canyon Range of Nye County.

“Nearly 18 months ago, our executive vice-president of exploration, Craig Feebrey, set a strategy to target low-sulphidation epithermal projects in prolific gold districts, such as Nevada and Argentina,” Sam Pazuki, OceanaGold’s vicepresident of investor relations, tells The Northern Miner. “In Nevada, we found that most gold companies had been focused on the large, Carlin-style mineralization, and almost neglected other types of geologies.”

The company saw this as an opportunity and looked at 30 projects, eventually selecting four partners for joint ventures. OceanaGold also holds equity stakes in two other Nevada-focused companies: Gold Standard Ventures (TSX: GSV; NYSE-AM: GSV) and NuLegacy Gold (TSXV: NUG).

OceanaGold owns a 15.6% equity position in Gold Standard, which is advancing its Railroad-Pinion project southeast in the Carlin trend of north-central Nevada. It holds a 16.2% stake in NuLegacy, which is working on its Redhill project in the state’s Cortez trend.

In its joint-venture deal with American Pacific Mining, OceanaGold notes that the junior’s earlystage Tuscarora project has geology that resembles that of its Waihi gold operation in New Zealand, where it recently added resources at its Martha underground project

American Pacific Mining president Eric Saderholm at the Tuscarora gold project, 50 km north of Elko, Nevada. AMERICAN PACIFIC MINING

and made a discovery 10 km north called “WKP.” “These low-sulphidation epithermal systems are typically smaller systems, but are high grade, and can be prolific,” Pazuki says, noting that WKP contains 234,000 oz. gold and 296,000 oz. silver in

American Pacific Mining CEO Warwick Smith at a drill site on the Tuscarora gold property. AMERICAN PACIFIC MINING

1-16_APRIL29_Main .indd 15

the East Graben vein within 0.41 million indicated tonnes grading 18 grams gold per tonne and 22.7 grams silver per tonne. Inferred resources in the East Graben and T-Stream veins add 401,000 oz. gold and 568,000 oz. silver within 1.05 million tonnes averaging 11.9 grams gold per tonne and 16.8 grams silver per tonne.

American Pacific Mining CEO Warwick Smith says he’s “thrilled.”

“It has been 10 months in the making to get it done, so we’re very pleased to have it over the line,” he says in an interview. “They said to us that they were looking for highgrade epithermal systems that are typically high cash-flow generators and high-margin ounces, and Tuscarora fit the bill for them.

“This deal is huge for us, it really moves the project forward,” he continues, noting that OceanaGold plans to spend US$625,000 on the project this year. The work will include a controlled source audio-frequency magnetotellurics (CSAMT) geophysical survey.

“They cracked the code at Waihi with CSAMT, and we believe they can do the same here at Tuscarora,” Smith says.

CSAMT is a resistivity surveying technique that puts an electric current into the ground at a location remote to where surveying takes place, and creates an electric field that measures resistivity variances at different depths, according to Lorrance Torckler, OceanaGold’s exploration manager at Waihi. It has been in use for 20–30 years — mostly for surveying horizontally layered formations — but at Waihi,

“THEY SAID TO US THAT THEY WERE LOOKING FOR HIGH-GRADE EPITHERMAL SYSTEMS THAT ARE TYPICALLY HIGH CASH-FLOW GENERATORS AND HIGHMARGIN OUNCES, AND TUSCARORA FIT THE BILL.” WARWICK SMITH CEO, AMERICAN PACIFIC MINING

OceanaGold has used it for subvertical veins, without live wires straddling the survey area. “This is the unique way we are using this technology, as many have started using it for subvertical surveys, but need live wires,” Torckler explains.

Craig Feebrey, OceanaGold’s executive vice-president and head of exploration, notes that CSAMT has been effective at Waihi and earlierstage exploration. “Geophysics including CSAMT can be effective in some geology while not effective in others, so time will tell in terms of our work in Nevada,” he says.

“CSAMT is jut one exploration data set among many that we employ to define drill targets — drilling, as we know, being the ultimate test.”

American Pacific Mining’s shares closed down 10.7% — or 3¢ — at 25¢, on trading volume of 5.6 million shares. Over the last year the company’s shares have traded between 4¢ and 41¢.

The junior has 33 million shares for an $8.2-million market capitalization.

Tuscarora, 50 km northwest of Elko, sits at the foot of Mount Blitzen, 35 km northeast of the

Carlin trend.

American Pacific Mining optioned the project in November 2017 from Novo Resources (TSXV: NVO; US-OTC: NSRPF) and has almost finished its earn-in, valued at $375,000 in cash and 800,000 of its common shares. It also has the option to buy Novo Resources’ 0.5% net smelter return royalty for $500,000.

The junior has drilled 16 holes in a 3,100-metre drill program of reverse-circulation and core drilling in the project’s South Navajo zone.

Assays from the program include 18.40 grams gold over 2 metres starting at 201 metres downhole, and 16.06 grams gold over 3 metres from 198 metres downhole. The strike length of the South Navajo vein runs 1.6 km.

Drilling by Novo Resources and the project’s previous owner, Newcrest Mining (ASX: NCM), returned intercepts such as 2 metres of 368.31 grams gold within a 5-metre intercept of 127.08 grams gold, starting from 151 metres downhole, and 51.06 grams gold over 2 metres from 201 metres downhole. TNM

2019-04-24 11:06 AM

16

WWW.NORTHERNMINER.COM

APRIL 29–MAY 12, 2019 / THE NORTHERN MINER

A drill rig at Sandfire Resources America’s Black Butte copper project in Montana. SANDFIRE RESOURCES AMERICA

Sandfire progresses Black Butte toward feasibility US COPPER

BY RICHARD QUARISA

S

rquarisa@northernminer.com

andfire Resources America (TSXV: SFR; US-OTC: SRAFF) has released the draft environmental impact statement (EIS) for its wholly owned underground Black Butte copper project in central Montana, 27 km north of the city of White Sulphur Springs.

The draft is undergoing a period of public comment that will end May 10, 2019.

After, the draft will undergo a review before Sandfire releases its final EIS. The company aims to finish permitting at Black Butte as it tables a feasibility study for the project, which it slates for 2019’s third quarter.

“The Montana permitting system is very rigorous,” Sandfire Resources America president and CEO Rob Scargill says in an interview with The

| Drafts EIS under public review in Montana

Northern Miner. “There are very high standards that have to be met. But the EIS is at the end of the process, which is a little different from other parts of the United States.”

Fortunately for Sandfire, the project sits on private lands, meaning it only has to undergo state permitting, a somewhat less complicated process than federal permitting.

The company only needs one federal permit — which it already has.

The process hit a slight delay in late 2018, when Montana introduced a statewide standard for nitrogen during the state’s growing season. It wasn’t hard to address, but Sandfire had to revisit its permit application and add a water-storage pond to the site.

“It adds a capital cost, but it addresses the concerns and will potentially give us operational benefits, as well,” Scargill says.

“Now we have the environmental context at least in draft form for the

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1-16_APRIL29_Main .indd 16

“WE WANT TO INCREASE THE AMOUNT OF MEASURED AND INDICATED RESOURCE SO THAT WE CAN INCREASE THE SIZE OF THE INITIAL RESERVE FOR THE FEASIBILITY STUDY.” ROB SCARGILL PRESIDENT AND CEO, SANDFIRE RESOURCES AMERICA

feasibility study, we can move forward with the more detailed design of mine and processing.”

To bolster the study, the company undertook a 24-hole drill program at Black Butte that ended on March 6, 2019. It gathered geotechnical and hydrogeological data for its forthcoming study, but also tried to raise the confidence level in the resource areas.

“We want to increase the amount of measured and indicated resources so that we can increase the size of the initial reserve for the feasibility study,” Scargill says.

According to a 2013 preliminary economic assessment (PEA), Black Butte contains 15.7 million measured and indicated tonnes grading 3.4% copper, 0.1% cobalt and 13.9 grams per tonne silver for 1.17 billion lb. copper, 36 million lb. cobalt and 6.98 million oz. silver. The project also contains 2.26 million inferred tonnes at 2.8% copper, 0.09% cobalt and 13.8 grams silver for 140 million lb. copper, 4.9 million lb. cobalt and 1 million oz. silver.

The Lowry deposit, which sits 2 km from the proposed mine entrance, has another 4.1 million

indicated tonnes at 2.9% copper.

However, the Lowry deposit was not fully understood when Sandfire began permitting, and is not included in the current permitting program.

As a result, it won’t be included in the feasibility study, either.

“We will make mention to the Lowry, because it’s certainly a resource that we’ll want to look at in more detail as we move forward,” Scargill says. “It has the potential to add another five to eight years to the mine life.”

The PEA assigned Black Butte a US$109 million, after-tax net present value at an 8% discount rate and a 20.2% after-tax internal rate of return. The project would cost US$217.8 million in initial capital and payback would occur in 4.7 years.

The project would produce 30,000 tonnes per year copper concentrate over a 15-year mine life from a relatively shallow underground mine — the project’s Upper Copper zone is 60 to 200 metres below surface, while its Lower Copper zone is 300 to 500 metres below surface.

In June 2018, the company’s CEO John Shanahan passed away sud-

denly. The company appointed a Scargill CEO in his stead.

Shortly before that, the company changed its name from Tintina Resources to Sandfire Resources America. Sandfire Resources NL (ASX: SFR; US-OTC: SRAFF) owns 78.1% of the company.

“The rationale was that there was some criticism that the company was being used as a front by an Australian company, which is not the case,” Scargill says.

“The other criticism was that opposition groups were pointing at Tintina and saying: ‘How is this tiny little company going to be able to build a mine and run it in the way they say?’ The view taken at the time was that by having Sandfire in the name, that would defuse some of those issues about how this business is going to be funded.”

Shares of Sandfire Resources America are trading at 9¢ in a 52-week range of 6¢ to 11¢. The company has a $73-million market capitalization. It hopes to begin mine construction at Black Butte in the back half of 2019, and enter production mid-2021. At the end of 2018, the company had $13.7 million in cash.

“One of the interesting things is t hat Sa ndf ire Resources in Australia has a roundabout of 40% U.S. shareholding,” Scargill says. “When you consider that most of the minority shareholders in Sandfire Resources America are actually from the U.S., nearly half of the shareholders in the business are actually U.S. residents.” TNM

2019-04-24 11:06 AM

GLOBAL MINING NEWS

THE NORTHERN MINER / APRIL 29–MAY 12, 2019

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2019-04-18 10:53 AM

18

WWW.NORTHERNMINER.COM

APRIL 29–MAY 12, 2019 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / APRIL 14–18 Canada’s benchmark index rose 0.8% to 16,612.81. The S&P/TSX Global Mining Index fell 2.5% to 76.22 and the S&P/TSX Global Gold Index fell 3.5% to 186.63. The spot gold price fell 1.1% to US$1,275.50 per ounce.

Shares of Euro Copper rose $1.05 to $17.86.

The company cut 25 metres grading 7.56% copper from 134 metres downhole in the southern extension of its Vermelhos mine on its Vale do Curaca property in Brazil’s Bahia State. It found the mineralization next to existing mine infrastructure.

The company has 24 drill rigs turning at Curaca: 11 within the Vermelhos district, and 13 in the Pilar district. It says results so far show expansion potential south and north of the Vermelhos mine, over a 5.5 km strike length. At Pilar, the compa ny’s u nderg rou nd dri l ling has found a high-grade mineralization zone in the southern part of the West Limb. The company is also drilling Pilar’s Deepening Extension zone, which is open to the south and at depth.

The company also found a mineralization zone at its NX Gold mine in Mato Grosso State, Brazil, where it’s turning six drills.

The discovery, Santo Antonio, is located between the mine’s Bras and Buracao veins.

Highlights from Santo Antonio include 19.38 grams gold over 3 metres from 369 metres

downhole and 19.03 grams gold over 4 metres from 381 metres downhole. The company has defined the zone over 400 metres’ strike length and 200 metres down dip. It remains open at depth.

Shares of Taseko Mines rose 19.5% to 98¢. The company brought its Florence copper produc t ion test faci l it y f u l ly online. The company has contacted 1.5 million tons (1.5 million tonnes) copper ore underground with a leach solution over t he pa st t h ree mont hs , a nd t he solution has risen high enough for the solvent-extraction and electrowinning plant to operate. The company will refine its operation over the coming months while it ramps up the commercial production plant, and expects financing in TSX MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Goldcorp G 139330 15.51 14.34 14.43 - 1.04 Barrick Gold ABX 21133 18.31 17.46 17.70 - 0.21 Lundin Mng LUN 16847 7.96 7.17 7.70 + 0.87 Yamana Gold YRI 16683 3.40 2.92 2.98 - 0.44 Suncor Energy SU 12209 44.75 43.64 44.48 + 0.26 Kinross Gold K 10742 4.70 4.30 4.33 - 0.29 Stornoway Diam SWY 9144 0.11 0.07 0.08 - 0.03 First Quantum FM 8913 16.63 15.30 15.93 + 0.17 Largo Res LGO 8862 1.99 1.63 1.66 - 0.31 B2Gold Corp BTO 8507 3.73 3.54 3.62 - 0.08

the next year. Once built, the company expects Florence will produce 85 million lb. copper per year over 20 years at US$1.10 per lb. operating costs.

Shares of Largo Resources fell 15.7% to $1.66, after the company announced its forthcoming 2019 first-quarter financial results would be damaged by declining vanadium pentoxide prices. The company says Glencore will remeasure trade receivables shipped by

Largo, and expects the remeasurement adjustment will range from $55 million to $60 million. As a result, the company estimates that its net income (loss) for the quarter will break even. The company announces its 2019 first-quarter financial results in May 2019.

In April 2019, the company said it had produced 2,099 tonnes of vanadium pentoxide in 2019’s first quarter — a 5% decrease over the same period last year. TNM

TSX GREATEST PERCENTAGE CHANGE

Anglo Pac Grp Canarc Res Sprott Res Hld Taseko Mines Potash Ridge PolyMet Mng Lundin Mng Forsys Metals Tanzania Rlty Trilogy Mtls Stornoway Diam St Augustine TriMetals Mng Golden Queen Yorbeau Res Largo Res Nemaska Lith Troilus Gold Titan Mining Lithium Amer

APY CCM SRHI TKO SOP POM LUN FSY TNX TMQ SWY SAU TMI GQM YRB LGO NMX TLG TI LAC

10 1048 191 1671 4102 192 16847 136 139 108 9144 373 245 1357 354 8862 7253 288 262 854

3.86 0.07 1.77 1.05 0.07 0.80 7.96 0.29 1.17 3.72 0.11 0.03 0.05 0.03 0.03 1.99 0.33 0.85 0.52 6.18

2.81 0.05 1.39 0.81 0.06 0.64 7.17 0.25 0.99 3.33 0.07 0.02 0.00 0.03 0.03 1.63 0.27 0.72 0.44 5.25

3.50 0.06 1.68 0.98 0.07 0.75 7.70 0.27 1.14 3.72 0.08 0.02 0.05 0.03 0.03 1.66 0.27 0.73 0.46 5.34

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

TSX GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Nutrien Ero Copper Lundin Mng Anglo Pac Grp Altius Mnrls Trilogy Mtls Endeavour Mng Sprott Res Hld Suncor Energy First Quantum Franco-Nevada Agnico Eagle Wheaton Prec M Goldcorp Lithium Amer Pan Am Silver MAG Silver North Am Pall SSR Mining Golden Star

24.6 20.0 20.0 19.5 16.7 13.6 12.7 12.5 11.8 11.4 25.0 20.0 18.2 16.7 16.7 15.7 15.6 14.1 13.2 13.0

VOLUME WEEK (000s) CLOSE CHANGE

NTR ERO LUN APY ALS TMQ EDV SRHI SU FM FNV AEM WPM G LAC PAAS MAG PDL SSRM GSC

3568 72.36 638 17.86 16847 7.70 10 3.50 210 13.14 108 3.72 768 19.32 191 1.68 12209 44.48 8913 15.93 2381 95.21 4010 54.06 5264 29.36 139330 14.43 854 5.34 1160 16.94 688 12.27 938 12.00 825 15.69 224 5.48

+ 2.86 + 1.05 + 0.87 + 0.69 + 0.39 + 0.38 + 0.32 + 0.28 + 0.26 + 0.17 - 4.25 - 2.25 - 1.48 - 1.04 - 0.80 - 0.73 - 0.68 - 0.67 - 0.62 - 0.55

TSX VENTURE EXCHANGE / APRIL 14–18 The S&P/TSX Venture Composite Index fell 1.5% to 609.21, continuing its steady April decline.

Shares of Millennial Lithium rose 18¢ to $1.75, after the company doubled the resource at its Pastos Grandes lithium project in Argentina. The project now contains 1.8 billion measured and indicated cubic metres brine grading 427 milligrams per litre lithium and 4,440 milligrams per litre potassium, for 4.12 million tonnes lithium carbonate-equivalent and 15.3 million tonnes potassium chlorideequivalent. It also contains 350 million inferred cubic metres brine at 428 milligrams per litre lithium, and 4,457 milligrams per litre potassium for 798,000 tonnes lithium carbonate-equivalent and 2.97 million tonnes potassium chloride-equivalent.

Millennial Lithium defined the resource over a 45 sq. km area using more than 15,000 metres of core and rotary drilling. The company expects to build a pilot processing plant and table a feasibility study at the project by the end of June. In March, it completed a short-term pump test at the project’s third production-scale well. The company says the test indicates the aquifer could support long term pumping.

Shares of Novo Resources fell 31¢ to $2.28.

The company announced a consultant was

finishing an options study for its East Pilbara gold assets, including its Beatons Creek gold project, where it tabled an updated resource early in April 2019. The company expects the options study in 2019’s third quarter.

The study will make recommendations on project-development scenarios that Novo will explore in economic studies.

The updated resource at Beatons Creek has both open-pit and underground resources split across oxide and fresh mineralization. The project contains a total 6.6 million indicated tonnes grading 2.1 grams gold for 457,000 oz. gold and 4.2 million inferred tonnes at 3.2 grams gold for 446,000 oz. gold. The entire indicated resource is contained within the open pit.

The new resource boosts indicated resources TSX-V MOST ACTIVE ISSUES

MAX Res 92 Resources Sokoman Min Comstock Mtls RosCan Gold Starr Peak Exp Sky Gold Leeta Gold Macarthur Mnl First Cobalt

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

MXR 14039 NTY 10917 SIC 9663 CSL 6227 ROS 5562 STE 4581 SKYG 4560 HIVE 4222 MMS 3514 FCC 3102

0.35 0.09 0.20 0.04 0.13 0.22 0.05 0.77 0.12 0.17

0.22 0.05 0.11 0.03 0.10 0.10 0.03 0.69 0.10 0.16

0.25 - 0.08 + 0.11 - 0.03 unch 0.10 - 0.17 + 0.04 + 0.74 unch 0.10 - 0.17 -

0.04 0.03 0.07 0.00 0.03 0.04 0.01 0.00 0.01 0.01

33%, compared to the previous estimate.

The underground resource alone contains 885,000 inferred tonnes at 5.3 grams gold for 152,000 oz. gold.

The company’s East Pilbara gold assets also include the Blue Spec gold deposit, the Talga Talga gold deposit and several earlystage exploration projects. The company will continue exploring and developing its East

Pilbara assets in 2019.

Shares of Superior Gold rose 12¢ to 58¢.

The company improved the grade of material milled at its Plutonic gold operation in Western Australia by 18% in 2019’s first quarter, compared to 2018’s fourth quarter.

The company milled 414,800 tonnes in 2019’s first quarter at 1.92 grams gold. It achieved 88% recoveries. TNM

TSX-V GREATEST PERCENTAGE CHANGE

Fusion Gold Adex Mining Northern Uran 92 Resources Solstice Gold Pure Nickel Jayden Res Fort St J Nick Gespeg Cop Res Awale Res Unity Metals TVI Pacific Tanager Energy Sokoman Min Odyssey Res Troy Enrgy Cipher Res Jiulian Res Plato Gold Sutter Gold

FML.P ADE UNO NTY SGC NIC JDN FTJ GCR ARIC UTY TVI PRE SIC ODX.H TEG.H CIFR JLR PGC SGM

100 2764 73 10917 384 844 65 399 760 3 254 680 43 9663 49 142 716 275 8 2540

0.30 0.02 0.01 0.09 0.26 0.02 0.02 0.20 0.04 0.11 1.20 0.01 0.08 0.20 0.05 0.04 0.05 0.11 0.01 0.02

0.20 0.00 0.01 0.05 0.17 0.01 0.01 0.00 0.00 0.00 0.51 0.01 0.05 0.11 0.03 0.03 0.04 0.07 0.01 0.01

0.30 0.01 0.01 0.08 0.26 0.02 0.02 0.20 0.04 0.11 0.59 0.01 0.05 0.11 0.03 0.03 0.04 0.07 0.01 0.01

TSX-V GREATEST VALUE CHANGE

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

+ 160.9 + 100.0 + 100.0 + 66.7 + 52.9 + 50.0 + 50.0 + 42.9 + 40.0 + 37.5 - 51.2 - 50.0 - 43.8 - 40.0 - 40.0 - 37.5 - 36.4 - 36.4 - 33.3 - 33.3

VOLUME WEEK (000s) CLOSE CHANGE

Cobalt 27 Cap Pac Booker Min Fusion Gold Millennial Lit Superior Gold Azimut Explor Filo Mg Corp Solstice Gold Colonial Coal Standard Lith Unity Metals Novo Res Abitibi Royal Cantex Mn Dev BonTerra Res Metalla Rylty Garibaldi Res EMX Royalty Fireweed Zinc Amex Expl

KBLT BKM FML.P ML SGI AZM FIL SGC CAD SLL UTY NVO RZZ CD BTR MTA GGI EMX FWZ AMX

907 4.70 25 2.70 100 0.30 284 1.75 661 0.58 688 0.48 16 2.80 384 0.26 587 0.63 835 0.90 254 0.59 707 2.28 6 12.84 224 3.67 266 1.65 730 1.07 764 0.75 20 1.43 222 0.73 552 0.66

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

0.33 0.22 0.19 0.18 0.12 0.11 0.10 0.09 0.08 0.06 0.62 0.31 0.26 0.24 0.17 0.15 0.13 0.12 0.12 0.11

U.S. MARKETS / APRIL 14–18 The Dow Jones Industrial Average rose 0.56% to finish the trading week at 26,559.54, and the S&P 500 Index lost 0.08% to end the week at 2,905.03. Spot gold fell US$14.30 per oz. to US$1,275.50 per oz. gold.

Shares of Newmont Mining — the most traded stock of the week — fell US$3.21 to US$33.04 per share. The company announced on April 18 that it had combined with Goldcorp to create what it describes as the world’s “leading gold business,” with “an unmatched portfolio of assets, prospects and talent.” Newmont noted that the larger company offers investors “the highest annual dividend, and the largest reserves and resources per share among senior gold producers.” Newmont has a production target of 6 million to 7 million oz. gold over a decades-long time horizon.

Yamana Gold closed down US33¢ at $2.23 per share, and was the fourth most traded stock. The company announced selling its Chapada mine in Brazil to Lundin Mining for US$800 million. Yamana has a 2% net smelter return royalty on future gold production from the Suruca gold deposit on the property, and receives contingent

18_APRIL29_MarketNews.indd 18

consideration of up to US$125 million over five years, if certain gold-price thresholds are met. Yamana’s executive chairman, Peter Marrone, said the sale “delivers a significant gain, delivers a high after-tax return and financially repositions the company — with a significant and immediate improvement to overall financial flexibility, thereby allowing the company to pursue near-term, value-maximizing portfolio opportunities, and also to increase shareholder returns, initially by way of a 100% increase in the annual dividend.”

The end of a five-month strike at SibanyeU.S. MOST ACTIVE ISSUES

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

Newmont Mng* NEM 132885 36.22 32.87 33.04 - 3.21 Goldcorp* GG 99086 11.61 11.15 11.19 - 0.42 Freeport McMoR* FCX 94859 14.68 13.45 14.00 + 0.30 Yamana Gold* AUY 88594 2.56 2.18 2.23 - 0.33 Vale* VALE 72853 13.77 13.06 13.32 + 0.08 Chevron Corp* CVX 46610 122.54 119.10 119.86 + 0.10 Barrick Gold * GOLD 46233 13.68 13.10 13.22 - 0.20 Cleveland-Clif* CLF 43014 10.31 9.29 9.37 - 0.74 United States S* X 40165 17.42 16.28 16.42 - 0.32 Kinross Gold* KGC 32475 3.52 3.21 3.23 - 0.24

Stillwater’s gold operations in South Africa sent the company’s shares up US15¢ to US$4.01. The Association of Mineworkers and Construction Union agreed to sign the 2018 three-year wage agreement previously signed with National Union of Mineworkers,

Solidarity and UASA in respect of wages and service conditions from July 1, 2018 to June 30, 2021, and affirmed their commitment to conclude a peace pact within 30 days, and abide by the decisions of the court, and not pursue any further appeals. TNM

U.S. GREATEST PERCENTAGE CHANGE

Trecora Res* TREC Sibanye-Stillw* SBGL Nutrien* NTR Arch Coal* ARCH NACCO Ind* NC Freeport McMoR* FCX McEwen Mng* MUX Natural Res Pt* NRP DRDGOLD* DRD Mosaic* MOS Yamana Gold* AUY Lithium Amer* LAC Fortuna Silvr* FSM Newmont Mng* NEM IAMGOLD* IAG Cleveland-Clif* CLF Kinross Gold* KGC Coeur Mng* CDE Alcoa* AA Alamos Gold* AGI

VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE

168 9.74 9.08 9.60 + 4.0 19667 4.22 3.76 4.01 + 3.9 5376 54.09 52.10 54.02 + 3.6 1013 90.63 84.79 89.54 + 2.7 35 41.86 39.77 41.29 + 2.6 94859 14.68 13.45 14.00 + 2.2 7154 1.45 1.34 1.39 + 1.5 153 42.19 40.92 42.08 + 1.1 151 1.99 1.86 1.90 + 1.1 14321 27.23 26.58 27.07 + 1.0 88594 2.56 2.18 2.23 - 12.9 1012 4.70 3.95 4.01 - 12.6 7685 3.41 3.04 3.05 - 9.2 132885 36.22 32.87 33.04 - 8.9 18597 3.31 3.04 3.05 - 8.7 43014 10.31 9.29 9.37 - 7.3 32475 3.52 3.21 3.23 - 6.9 12556 3.95 3.65 3.68 - 6.6 22743 28.59 25.71 26.66 - 5.8 8605 5.02 4.67 4.70 - 5.6

U.S. GREATEST VALUE CHANGE

Arch Coal* ARCH Nutrien* NTR NACCO Ind* NC Natural Res Pt* NRP Trecora Res* TREC Freeport McMoR* FCX Mosaic* MOS Sibanye-Stillw* SBGL Chevron Corp* CVX Vale* VALE Franco-Nevada* FNV Newmont Mng* NEM Rio Tinto* RIO Agnico Eagle* AEM Alcoa* AA Black Hills* BKH Wheaton Prec M* WPM CONSOL Energy* CEIX Cleveland-Clif* CLF MartinMarietta* MLM

VOLUME WEEK (000s) CLOSE CHANGE

1013 89.54 5376 54.02 35 41.29 153 42.08 168 9.60 94859 14.00 14321 27.07 19667 4.01 46610 119.86 72853 13.32 2246 71.12 132885 33.04 12691 60.77 6539 40.40 22743 26.66 1051 71.32 10796 21.96 1305 33.23 43014 9.37 1946 211.57

+ 2.33 + 1.89 + 1.03 + 0.45 + 0.37 + 0.30 + 0.27 + 0.15 + 0.10 + 0.08 - 3.48 - 3.21 - 2.01 - 1.85 - 1.63 - 1.60 - 1.16 - 0.87 - 0.74 - 0.59

2019-04-23 6:15 PM

GLOBAL MINING NEWS · SINCE 1915

THE NORTHERN MINER / APRIL 29–MAY 12, 2019

19

M E TA L S , M I N I N G A N D M O N EY M A R K E T S Tuesday, March 26, 2019 Precious Metals Price (US$/oz.)

Change Gold $1297.10 +5.20 Silver $15.14 +0.07 Platinum $911.00 +63.00 Palladium $1384.00 +5.00 Base Metals Nickel Copper Lead Zinc

TSX WARRANTS

PRODUCER AND DEALER PRICES

SPOT PRICES COURTESY OF SCOTIABANK

Price (US$/tonne) Change $13225.00 +14.00 $6482.50 +12.00 $1980.00 -15.50 $2859.00 -45.00

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 17, 2019 (change from April 10, 2019 in brackets): Aluminium Alloy 9000 (0) Aluminium 1060800 (-29825) Copper 190650 (-6875) Lead 75200 (-2925) Nickel 176943 (-2499) Tin 970 (+60) Zinc 66350 (+13800)

Thermal Coal CAPP: US$40.00 per short ton Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$73.20 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$12.15 Cobalt: US$16.10/lb.

Copper: US$2.91/lb.

Copper: CME Group Futures May 2019: US$2.90/lb.; June: 2019: US$2.90/lb Iridium: NY Dealer Mid-mkt US$1,460.00/tr oz.

Iron Ore 62% Fe CFR China-S: N.A. Lead: US$0.87/lb.

Molybdenum Oxide: US$12.46/lb.

Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$2,920.00 tr. oz.

Ruthenium: Mid-mkt US$263.00/tr. oz.

Silver: Handy & Harman Base: US$14.54 per oz.; Handy & Harman Fabricated: US$18.17 per oz.

Tantalite Ore : US$186.50/kg Tin: US$9.26/lb.

Uranium: U3O8, Trade Tech spot price: US$25.85 per lb U308 Zinc: US$1.29/lb.

Prices current Apr. 23, 2019

NORTH AMERICAN STOCK EXCHANGE INDICES

52-week

Index Apr 19 Apr 18 Apr 17 Apr 16 Apr 15 High Low S&P/TSX Composite N/A 16612.81 16544.24 16502.20 16515.46 15527.30 12400.15 S&P/TSXV Composite N/A 609.21 610.05 609.97 618.82 1050.26 883.52 S&P/TSX 60 N/A 995.29 990.61 988.51 987.92 896.74 709.99 S&P/TSX Global Gold N/A 186.63 188.76 190.32 194.59 218.90 149.29 DJ Precious Metals N/A 158.03 158.03 159.79 163.15 420.72 130.95

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of Mar 29, 2019 (with changes from Mar 15, 2019) Largest short positions Sandstorm Gold SSL 17661624 -21291 3/15/2019 Nemaska Lith NMX 14321912 98272 3/15/2019 Ivanhoe Mines IVN 12979993 -829507 3/15/2019 Turquoise HIl TRQ 10294376 -1188060 3/15/2019 Suncor Energy SU 9776704 2736045 3/15/2019 New Gold NGD 9362731 -1973165 3/15/2019 Goldcorp G 8869475 -5938793 3/15/2019 Barrick Gold ABX 8389294 -2898733 3/15/2019 Copper Mtn Mng CMMC 8377236 471703 3/15/2019 Yamana Gold YRI 7820751 -200925 3/15/2019 Kinross Gold K 7285679 -2238133 3/15/2019 McEwen Mng MUX 7114335 -810248 3/15/2019 Nexgen Energy NXE 6999145 -280415 3/15/2019 First Quantum FM 6344550 -747313 3/15/2019 First Majestic FR 6028102 362358 3/15/2019 Largest increase in short position RNX 6020568 4542215 3/15/2019 Royal Nickel Suncor Energy SU 9776704 2736045 3/15/2019 Stornoway Diam SWY 4483871 2008280 3/15/2019 IAMGOLD IMG 3855814 1491990 3/15/2019 Premier Gold M PG 4510222 861633 3/15/2019 Largest decrease in short position Franco-Nevada FNV 1112523 -6649556 3/15/2019 Goldcorp G 8869475 -5938793 3/15/2019 Denison Mines DML 2422573 -4066667 3/15/2019 Barrick Gold ABX 8389294 -2898733 3/15/2019 Kinross Gold K 7285679 -2238133 3/15/2019

Short positions outstanding as of Mar 29, 2019 (with changes from Mar 15, 2019) Largest short positions Victoria Gold VIT 4256677 3248916 3/15/2019 First Cobalt FCC 2468147 -4004685 3/15/2019 Ascot Res AOT 1199082 742062 3/15/2019 Atlantic Gold AGB 1083831 -3966 3/15/2019 Aston Bay BAY 1072679 1070615 3/15/2019 Cobalt 27 Cap KBLT 885223 -101670 3/15/2019 iMetal Res IMR 803866 774453 3/15/2019 Amarillo Gold AGC 729599 -2351 3/15/2019 Novo Res NVO 653671 -142276 3/15/2019 Compass Gold CVB 649063 548943 3/15/2019 Macarthur Mnl MMS 597100 30257 3/15/2019 Orefinders Res ORX 502000 501930 3/15/2019 Cordoba Mnls CDB 468531 448031 3/15/2019 Leeta Gold HIVE 443810 -996170 3/15/2019 Rusoro Mng RML 435000 -353977 3/15/2019 Largest increase in short position Victoria Gold VIT 4256677 3248916 3/15/2019 Aston Bay BAY 1072679 1070615 3/15/2019 iMetal Res IMR 803866 774453 3/15/2019 Ascot Res AOT 1199082 742062 3/15/2019 Compass Gold CVB 649063 548943 3/15/2019 Largest decrease in short position First Cobalt FCC 2468147 -4004685 3/15/2019 RJK Explor RJX.A 17340 -2220333 3/15/2019 Cameo Cobalt CRU 256834 -1792248 3/15/2019 Leeta Gold HIVE 443810 -996170 3/15/2019 Fission 3.0 FUU 305500 -885477 3/15/2019

DAILY METAL PRICES Daily Metal Prices Date Apr 22 Apr 19 Apr 18 Apr 17 Apr 16 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy N/A N/A 1320/1375 1335/1360 1325/1350 Aluminum N/A N/A 1838.50/1854 1840/1857 1838/1855 Copper N/A N/A 6443/6455 6508/6532 6459/6485 Lead N/A N/A 1918.50/1938.50 1928/1948 1942/1960.50 Nickel N/A N/A 12625/12690 12945/13025 12965/13070 Tin N/A N/A 20400/20300 20550/20400 20750/20540 Zinc N/A N/A 2852/2760 2926/2828 2919/2831 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM N/A N/A 1276.50 1276.10 1283.75 Gold PM N/A N/A 1275.70 1275.85 1276.35 Silver N/A N/A 14.96 15.00 14.95 Platinum N/A N/A 890.00 886.00 888.00 Palladium N/A N/A 1395.00 1370.00 1364.00

Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eColbalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Golden Queen Mining Co (GQM.WT) Wt buys sh @ $2 to Jul 25/19 Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 until expiry.

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

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

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

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

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

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

Equinoxgold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share.

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

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

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

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

JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Jet Metal (JET.WT) - Wt buys sh @ $0.25 to Sep 16/19 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21

Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22 Pilot Gold Inc. Wt (PLG.WT) - Wt buys sh @ $0.9 to May 16/19 Platinum Group Metals Ltd. (PTM.WT.U) - One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry.

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

TSX VENTURE WARRANTS LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit.

Maple Gold Mines Ltd. (MGM.WT) One warrant to purchase one common share at $0.40 per share Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share.

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

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

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

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

NEW 52-WEEK HIGHS AND LOWS APRIL 14–18, 2019 46 New Highs 92 Resources African Gold Aura Resources AurCrest Gold* Azimut Explor Azimut Explor* Blue Sky Uran Blue Sky Uran* California Gld California Gld* Cantex Mn Dev* Clifton Mng* Colonial Coal Compass Gold* Diamond Disc* Ero Copper Ero Copper* Filo Mg Corp

Filo Mg Corp * Generation Min Generation Min* God’s Lake Res Hemcare Health* Kore Mining * Legion Metals Lion One Mtls Lions Bay Mg * Lithion Energy* Lode-Star Mg* Makena Res* Mangazeya Mng* NACCO Ind* One World Lith* Royal Rd Mnrls Scorpio Gold SearchlightMin* Starr Peak Exp

Trilogy Mtls Trilogy Mtls* Trinity Valley Vanstar Mng Rs Velocity Mnrls Volcanic Gold Zadar Ventures Zanzibar Gold Zephyr Mnls

64 New Lows Allegiant Gold* American Batt* Avrupa Min* Awale Res Balmoral Res Balmoral Res* Bessor Min Cairo Res Coeur Mng*

Columbus Gold Columbus Gold* Cordoba Mnls Corvus Gold Defense Metals* Delrey Metals * Eastmain Res Eastmain Res* Falco Res Fortuna Silvr Fortuna Silvr* GAR Limited Garibaldi Res Garibaldi Res * Gldn Predator* Gratomic Group Eleven Harte Gold Harvest Gold

Hawkeye Gld&Di* Hecla Mining* Highland Copp* Kal Minerals Leading Edge* Magnitude Mng Maple Gold* McEwen Mng McEwen Mng* Meridius Res Metallic Mnrls Millrock Res* Mirasol Res Monterey Min Nemaska Lith* Nevada Sunrise* NextSource Mat Nickel Creek* Noka Res*

NRG Metals Nrthn Vertex NSS Res Inc Pacton Gold Power Metals* Renaissance Gd* Sabina Gd&Slvr Sabina Gd&Slvr* Scandium Intl Scandium Intl* Sherritt Intl Spanish Mtn Gd Stornoway Diam TMAC Resources United States S* Western Atlas Zincore Mtls*

CANADIAN GOLD MUTUAL FUNDS Fund Apr 18 ($) 18.24 AGF Glob Re A Fd MF BMO Prec Mtls Fd A 17.29 BMO ZGD 43.45 BMO ZJG 44.27 CIBC Prec Metal Fd A 9.39 Dyn Prec Metls Fd A 6.56 Galileo GOGO 10.27 Harvest HGGG 19.62 Horizons HEP 23.64 IG Mac GbPMetCl A 8.03 iShares XGD 11.66 Mac Prec Met Cl A 43.00 NBI PrecMetFd Invt 11.74 NPT Gold&PrMinFdA 31.22 NPT SilverEquCl A 4.56 RBC GblPreMetFd A 31.13 Sentry Pre Met Fd A 31.60 TD Prec Mtl Fd Inv 30.92

Apr 11 ($) 18.82 18.08 45.54 46.29 9.77 6.88 10.81 20.64 24.39 8.37 12.15 44.89 12.19 32.68 4.79 32.34 33.04 32.31

Change ($) Change (%) YTDChange (%) MER (%) TotalAssets (M$) -0.58 -3.09 2.89 2.80 90.13 -0.79 -4.36 2.85 2.40 57.25 -2.09 -4.58 7.74 0.61 91.73 -2.02 -4.37 6.26 0.60 74.13 -0.37 -3.83 5.61 2.45 41.77 -0.32 -4.65 4.12 2.71 334.21 -0.54 -5.02 10.47 0.60 -1.02 -4.94 5.21 -0.75 -3.08 7.52 0.83 -0.34 -4.09 4.92 2.75 30.06 -0.49 -4.02 4.81 0.55 719.57 -1.89 -4.20 5.04 2.52 54.92 -0.45 -3.69 7.21 2.46 26.89 -1.45 -4.45 2.60 3.04 -0.23 -4.83 7.46 2.95 -1.22 -3.77 4.97 2.13 299.93 -1.44 -4.36 3.18 2.46 229.06 -1.39 -4.30 5.62 2.27 103.59

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

Apr 18 Apr 17 Apr 16 Apr 15 Apr 12 1.3350 1.3350 1.3360 1.3374 1.3335 0.7491 0.7491 0.7485 0.7477 0.7499

Exchange rates (Quote Media, April 18, 2019) C$ to AUS C$ to EURO C$ to YEN C$ to Mex Peso C$ to SA Rand 1.0442 0.6630 83.9210 14.0952 10.4699 C$ to UK Pound C$ to China Yuan C$ to India Rupee C$ to Swiss Franc C$ to S. Korea Won 0.5745 5.0106 51.9913 0.7571 848.3262 US to EURO US to YEN US to Mex Peso US to SA Rand US to AUS 1.3939 0.8851 112.0330 18.8099 13.9788 US to UK Pound US to China Yuan US to India Rupee US to Swiss Franc US to S. Korea Won 0.7669 6.6882 69.4085 1.0107 1132.2000

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

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

19_APRIL29_MMMM.indd 19

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

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

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

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

GLOBAL MINING NEWS · SINCE 1915

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

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

2019-04-23 5:13 PM

20

S T O C K TA B L E S

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

WWW.NORTHERNMINER.COM

APRIL 29–MAY 12, 2019 / THE NORTHERN MINER

Week

12-month

Exc Volume High Low Last Change High Low

A 21C Metals 488 37 Capital 4 66 Resources 30 92 Resources V 10917 O 268 92 Resources* Abacus Mining* O 37 V 55 Abacus Mining Abcourt Mines V 247 Abcourt Mines* O 164 Aben Resources* O 149 Aben Resources V 626 Aberdeen Intl* O 20 Aberdeen Intl T 131 Abitibi Royal* O 5 Abitibi Royal V 6 AbraPlata Res* O 81 V 352 AbraPlata Res Adamera Min V 1399 O 127 Adamera Min* Adex Mining V 2764 V 59 Advance Gold Advantage Lith V 354 O 256 Advantage Lith* Adventus V 393 Adventus* O 49 Aethon Mineral V 184 AEX Gold V 92 African Gold V 296 African Min* O 22 Aftermath Silv V 56 O 6 Aftermath Silv* Agnico Eagle* N 6539 Agnico Eagle T 4010 AgriMinco* O 37 V 857 Aguia Resource Aguila Amer Gd V 1 1 Aguila Amer Gd* O AJN Resources 198 Alacer Gold T 1870 Alamos Gold T 4033 Alamos Gold* N 8605 Alaska Pac Egy* O 200 Albert Mining V 2555 Albert Mining* O 18 N 22743 Alcoa* Aldebaran Res V 20 Alderon Iron* O 3 Alderon Iron T 83 Aldever Res* O 1 Aldever Res V 0 O 11 Alexandra Cap* Alexandria Min* O 66 V 2522 Alexandria Min Alexco Res T 350 Alexco Res* X 1574 Algold Res V 104 Alianza Min V 54 Alianza Min* O 100 Alien Metals* O 76 Alio Gold T 246 Alio Gold* X 435 Allante Res V 11 Allegiant Gold V 248 Allegiant Gold* O 352 Alliance Mng V 175 Alliance Res* D 1908 Almaden Min T 33 Almaden Min* X 363 Almadex Min* O 172 Almadex Min V 240 58 Almonty Ind * O Almonty Ind T 364 Aloro Mining* O 234 Aloro Mining V 248 Alphamin Res V 223 Altai Resource V 200 Altai Resource* O 6 Altair Res Inc V 12 Altamira Gold V 20 Altamira Gold* O 3 Altan Nevada V 120 Altiplano Met V 54 Altius Mnrls T 210 Altius Mnrls * O 106 Alto Ventures V 4 Altura Mining* O 540 Alturas Min V 1 Altus Strat V 351 Alumina Ltd* O 138 ALX Uranium V 58 ALX Uranium* O 10 AM Resources V 197 Amador Gold V 190 Amani Gold* O 200 Amarc Res V 180 Amarc Res* O 67 Amarillo Gold V 64 Amarillo Gold* O 32 Amazing Energy* O 52 Amer Intl Vent* O 263 American Batt* O 12 O 4 American Creek* American Creek V 180 American CuMo* O 242 American Lith V 493 O 890 American Lith* American Mang* O 367 American Mang V 732 American Pac 7870 American Pac* O 3499 AmericanSierra* O 1 X 668 Americas Silvr* Americas Silvr T 539 Amerigo Res T 413 Amerigo Res* O 170 Amex Expl* O 48 Amex Expl V 552 Amilot Capital V 44 Amseco Expl V 12 Amseco Expl * O 0 Anaconda Mng T 472 Anaconda Mng* O 118 Anconia Res V 461 Andes Gold* O 62 Andover Mng* O 30 O 69 Anfield Energy* Anfield Energy V 103 Angel Gold* O 154 Angel Gold V 93 Angkor Gold V 48 Anglo American* O 3 Anglo American* O 643 Anglo Pac Grp T 10 AngloGold Ash* O 0 AngloGold Ash* N 9035 Angus Ventures V 16 Antioquia Gold* O 48 Antioquia Gold V 100 Antler Gold V 35 Antofagasta* O 35 Apex Res * O 0 Apex Res V 41 Appia Energy 68 Appia Energy* O 40 Applied Min* O 222 Aquila Res* O 374 Aquila Res T 147 Arch Coal* N 1013 Archon Mineral V 2 Arctic Star* O 30 Arctic Star V 556 Arcturus Vent* O 3 Arcturus Vent V 8 Arcus Dev Grp V 153 Arena Min V 678 Arena Min* O 20 Argentina Lith* O 1 Argentina Lith V 197 Argentum Silvr* O 2 Argentum Silvr V 5 Argex Titanium T 399 Argex Titanium* O 677 Argo Gold* O 91

20-23_APRIL15_StockTables.indd 20

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(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Argo Gold 401 O 85 Argonaut Gold* Argonaut Gold T 707 V 136 Arianne Phosph Arianne Phosph* O 61 O 26 Arizona Silver* Arizona Silver V 61 Armor Min V 9 Asanko Gold T 309 Asanko Gold* X 1443 Asante Gold 426 Asante Gold* O 8 Ascendant Res T 38 O 12 Ascendant Res* Ascot Res V 604 35 Ascot Res * O Ashanti Gold V 949 V 56 Ashanti Sanko AsiaBaseMetals V 42 Asian Mineral V 166 Aston Bay V 605 Aston Bay* O 157 Astorius Res V 117 Astur Gold V 8 ATAC Res V 394 ATAC Res* O 154 O 25151 Atacama Res* Atalaya Mining T 1 V 592 Athabasca Min Athabasca Min* O 26 O 2 Athena Silver* Atico Mining* O 68 Atico Mining V 201 Atlanta Gold* O 16 Atlanta Gold V 10 Atlantic Gold V 1402 Atlantic Gold* O 381 Atlantic Indus V 0 Atlatsa Res* O 11 Atlatsa Res T 196 O 13 Aton Resources* V 342 Aton Resources Aura Minerals* O 3 Aura Minerals T 2 Aura Resources V 74 O 11 Aura Resources* Auramex Res V 260 Aurania Res* O 11 Aurania Res V 30 Aurcana Corp V 24 Aurcana Corp* O 30 V 291 AurCrest Gold AurCrest Gold* O 10 Aurelius Min V 392 Aurex Energy V 22 Aurion Res V 376 Aurion Res * O 6 Aurora Royal V 2 AURYN Mining* O 1 T 703 Auryn Resource Auryn Resource* X 702 Aust Mines* O 381 Austin Res V 27 Austral Gold* O 9 Austral Gold V 37 Auxico Res 249 Avalon Advance T 1665 O 302 Avalon Advance* Avarone Metals* O 2 Avarone Metals 974 Avesoro Res T 17 Avesoro Res* O 1 Avidian Gold V 80 Avino Silver* X 656 Avino Silver T 47 Avrupa Min V 483 Avrupa Min* O 186 Awale Res V 3 Axmin Inc V 151 Axmin Inc* O 2 V 280 Azarga Metals Azarga Metals* O 1 O 72 Azarga Uranium* Azarga Uranium T 380 Azimut Explor V 688 Azimut Explor* O 100 O 34 Azincourt Ener* Azincourt Ener V 1601 V 57 Aztec Minerals Aztec Minerals* O 11 Azteca Gold* O 91 Azucar Min V 190

0.15 0.10 0.10 - 0.04 0.33 0.07 1.34 1.24 1.25 - 0.11 2.07 0.85 1.82 1.63 1.63 - 0.18 2.65 1.18 0.41 0.36 0.40 + 0.03 0.61 0.35 0.30 0.28 0.29 + 0.01 0.47 0.27 0.10 0.09 0.10 - 0.00 0.15 0.04 0.14 0.13 0.13 - 0.01 0.19 0.06 0.41 0.00 0.41 + 0.01 0.73 0.30 0.90 0.82 0.86 + 0.03 1.79 0.80 0.68 0.62 0.64 + 0.01 1.38 0.56 0.08 0.05 0.05 - 0.03 0.08 0.03 0.05 0.05 0.05 unch 0.00 0.05 0.03 0.53 0.49 0.50 - 0.03 1.16 0.35 0.40 0.40 0.40 unch 0.00 0.90 0.28 0.79 0.73 0.75 + 0.02 1.65 0.72 0.59 0.55 0.57 + 0.01 1.23 0.55 0.05 0.04 0.05 unch 0.00 0.20 0.04 0.03 0.00 0.03 unch 0.00 0.10 0.02 0.14 0.14 0.14 unch 0.00 0.40 0.12 0.18 0.00 0.18 - 0.01 3.00 0.17 0.06 0.05 0.05 - 0.01 0.25 0.05 0.04 0.04 0.04 - 0.00 0.19 0.03 0.03 0.00 0.03 unch 0.00 0.07 0.03 0.15 0.15 0.15 unch 0.00 0.31 0.10 0.23 0.22 0.22 - 0.01 0.63 0.20 0.17 0.16 0.16 - 0.00 0.50 0.15 0.00 0.00 0.00 + 0.00 0.00 0.00 3.75 3.75 3.75 unch 0.00 5.10 2.88 0.66 0.60 0.65 + 0.01 0.71 0.12 0.47 0.46 0.46 + 0.02 0.53 0.10 0.03 0.03 0.03 unch 0.00 0.06 0.01 0.23 0.20 0.20 - 0.03 0.51 0.17 0.34 0.27 0.27 - 0.07 0.65 0.23 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.03 0.00 0.03 unch 0.00 0.06 0.03 2.15 2.03 2.07 - 0.03 2.38 1.40 1.64 1.51 1.56 - 0.02 1.76 1.07 0.00 0.00 0.02 unch 0.00 0.05 0.01 0.07 0.06 0.06 - 0.00 0.07 0.02 0.08 0.08 0.08 unch 0.00 0.09 0.03 0.03 0.03 0.03 unch 0.00 0.08 0.02 0.04 0.03 0.03 - 0.01 0.11 0.02 14.61 0.00 14.61 - 0.53 16.50 1.00 19.85 19.56 19.85 - 0.35 25.00 14.60 0.07 0.06 0.06 - 0.01 0.18 0.03 0.04 0.03 0.04 + 0.01 0.05 0.01 0.05 0.05 0.05 - 0.02 0.08 0.03 2.85 2.67 2.80 + 0.19 3.00 1.03 3.80 3.50 3.75 + 0.06 4.10 1.93 0.62 0.00 0.60 unch 0.00 1.38 0.35 0.47 0.00 0.46 + 0.00 0.60 0.00 0.03 0.02 0.03 - 0.01 0.04 0.01 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.04 0.03 0.03 - 0.01 0.07 0.02 0.27 0.24 0.24 - 0.02 1.30 0.23 1.10 1.00 1.07 - 0.03 2.15 0.67 1.00 0.78 0.80 - 0.02 1.63 0.52 0.08 0.00 0.08 - 0.02 0.11 0.06 0.51 0.11 0.47 - 0.01 1.80 0.10 2.29 2.10 2.17 - 0.12 2.32 1.14 1.74 1.57 1.62 - 0.12 1.75 0.85 0.02 0.02 0.02 + 0.00 0.33 0.02 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.04 0.00 0.03 - 0.02 0.40 0.00 0.07 0.07 0.07 unch 0.00 0.13 0.05 0.20 0.17 0.20 unch 0.00 0.28 0.12 0.06 0.05 0.05 unch 0.00 0.13 0.05 0.04 0.03 0.04 - 0.00 0.10 0.03 0.03 0.03 0.03 + 0.00 0.05 0.02 0.06 0.05 0.06 unch 0.00 0.09 0.04 2.18 1.94 2.00 unch 0.00 5.99 1.94 1.55 1.55 1.55 unch 0.00 3.65 1.55 0.17 0.17 0.17 unch 0.00 0.68 0.16 0.57 0.53 0.54 - 0.02 1.55 0.50 0.74 0.72 0.74 unch 0.00 1.95 0.65 0.04 0.03 0.04 unch 0.00 0.13 0.04 0.03 0.02 0.02 - 0.01 0.10 0.02 0.11 0.00 0.11 + 0.03 0.24 0.06 0.55 0.48 0.49 - 0.05 0.66 0.06 0.40 0.40 0.40 + 0.01 0.50 0.06 0.10 0.09 0.10 unch 0.00 0.16 0.08 0.07 0.07 0.07 - 0.00 0.11 0.05 0.19 0.17 0.18 - 0.01 0.24 0.15 0.25 0.23 0.24 - 0.01 0.34 0.20 0.52 0.36 0.48 + 0.11 0.49 0.22 0.35 0.29 0.35 + 0.09 0.35 0.17 0.05 0.04 0.05 + 0.01 0.09 0.03 0.07 0.05 0.06 - 0.01 0.12 0.05 0.16 0.16 0.16 - 0.01 0.29 0.14 0.13 0.00 0.13 + 0.01 0.20 0.10 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.38 0.34 0.35 - 0.02 1.61 0.28

B2Gold Corp* X 13843 B2Gold Corp T 8507 Balmoral Res T 500 Balmoral Res* O 99 Balto Res V 92 Bankers Cobalt V 230 O 190 Bankers Cobalt* Bannerman Res* O 2149 Banyan Gold V 822 Banyan Gold* O 248 V 57 Bard Ventures Barker Min V 160 Barkerville V 1503 Barkerville* O 1121 V 158 Barksdale Cap Barksdale Cap* O 17 V 0 Barolo Venture Baroyeca Gold* O 40 V 4 Baroyeca Gold Barrick Gold T 21133 Barrick Gold * N 46233 Barsele Min* O 23 Barsele Min V 38 Batero Gold V 240 O 39 Bayhorse Silvr* Bayhorse Silvr V 64 BC Moly V 35 BCM Res V 204 V 80 BE Res Bear Creek Mng V 49 23 Bear Creek Mng* O Bearclaw Cap V 80 Bearing Lith V 167 Bearing Lith* O 94 Beauce Gold V 12 Bell Copper V 136 Bell Copper* O 83 Belmont Res V 278 Belo Sun Mng T 791 Belo Sun Mng* O 247 BeMetals V 159 Benchmark Met V 213 O 264 Benchmark Met* Benton Res V 160 Benz Mining* O 12 Benz Mining V 37 Berkwood Res V 539 69 Berkwood Res * O Bessor Min V 39 354 Bird River Res Bitterroot Res* O 4 Bitterroot Res V 751 Black Hills* N 1051 Black Iron* O 57 Black Iron T 2136 V 37 Black Mammoth Black Sea V 66 O 12 Black Sea * Black Tusk Res 250 V 18 Blackheath Res Blackrock Gold V 108 Blind Creek V 34 BLOX Inc* O 51 31 Blue Moon Zinc* O Blue Moon Zinc V 145 Blue River Res V 412 Blue River Res* O 143 Blue Sky Uran* O 393 Blue Sky Uran V 503 20 Blue Star Gold* O Blue Star Gold V 571

2.79 2.65 2.71 - 0.05 3.35 2.10 3.73 3.54 3.62 - 0.08 4.40 2.77 0.12 0.10 0.11 - 0.01 0.25 0.11 0.09 0.07 0.07 - 0.01 0.20 0.08 0.08 0.08 0.08 unch 0.00 0.15 0.05 0.04 0.03 0.03 - 0.01 0.24 0.02 0.03 0.02 0.02 - 0.01 0.17 0.01 0.04 0.04 0.04 - 0.00 0.06 0.03 0.05 0.05 0.05 - 0.01 0.09 0.04 0.04 0.04 0.04 unch 0.00 0.06 0.02 0.19 0.15 0.17 - 0.02 1.63 0.15 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.36 0.33 0.33 - 0.03 0.70 0.30 0.27 0.24 0.24 - 0.02 0.56 0.23 0.52 0.48 0.51 + 0.01 0.86 0.43 0.39 0.00 0.37 - 0.04 0.61 0.31 0.00 0.00 0.25 unch 0.00 0.30 0.09 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.01 0.01 0.01 unch 0.00 0.03 0.01 18.31 17.46 17.70 - 0.21 19.49 12.54 13.68 13.10 13.22 - 0.20 88.70 11.52 0.37 0.33 0.33 - 0.00 0.65 0.28 0.46 0.45 0.45 unch 0.00 0.90 0.36 0.06 0.06 0.06 + 0.01 0.09 0.06 0.08 0.07 0.07 - 0.00 0.17 0.05 0.10 0.09 0.10 + 0.01 0.23 0.08 0.04 0.04 0.04 unch 0.00 0.16 0.03 0.12 0.09 0.11 + 0.02 0.26 0.08 0.06 0.04 0.04 + 0.01 0.07 0.02 1.38 1.30 1.30 - 0.06 2.58 0.89 1.03 0.98 0.98 - 0.03 2.06 0.71 0.03 0.03 0.03 unch 0.00 0.05 0.03 0.24 0.22 0.22 - 0.01 0.53 0.20 0.17 0.16 0.17 - 0.00 0.80 0.02 0.14 0.14 0.14 + 0.01 0.29 0.07 0.09 0.07 0.08 + 0.02 0.15 0.05 0.07 0.06 0.06 + 0.00 0.12 0.03 0.04 0.04 0.04 unch 0.00 0.10 0.03 0.28 0.25 0.25 - 0.02 0.42 0.17 0.21 0.19 0.19 - 0.01 0.33 0.12 0.25 0.25 0.25 - 0.02 0.30 0.16 0.18 0.17 0.18 - 0.02 0.39 0.16 0.13 0.12 0.12 - 0.03 0.30 0.11 0.05 0.05 0.05 - 0.01 0.07 0.04 0.06 0.06 0.06 unch 0.00 0.10 0.04 0.08 0.07 0.08 + 0.02 0.15 0.05 0.08 0.06 0.06 - 0.01 0.18 0.06 0.06 0.00 0.05 unch 0.00 0.14 0.04 0.09 0.00 0.09 - 0.03 0.20 0.05 0.03 0.03 0.03 - 0.01 0.10 0.02 0.04 0.04 0.04 - 0.00 0.09 0.01 0.05 0.04 0.05 + 0.01 0.12 0.02 73.27 71.20 71.32 - 1.60 74.77 54.02 0.08 0.06 0.08 + 0.00 0.09 0.03 0.11 0.08 0.11 + 0.01 0.12 0.05 0.08 0.00 0.08 + 0.02 0.12 0.05 0.09 0.00 0.08 - 0.02 0.35 0.06 0.07 0.00 0.07 + 0.01 0.09 0.01 0.16 0.15 0.15 - 0.01 0.29 0.12 0.02 0.01 0.01 - 0.01 0.04 0.01 0.04 0.04 0.04 unch 0.00 0.14 0.04 0.05 0.00 0.05 - 0.01 0.23 0.03 0.16 0.06 0.16 unch 0.00 0.30 0.06 0.03 0.02 0.02 - 0.00 0.08 0.02 0.04 0.03 0.03 - 0.01 0.11 0.03 0.02 0.02 0.02 + 0.01 0.05 0.02 0.02 0.01 0.02 + 0.00 0.04 0.01 0.18 0.14 0.14 - 0.03 0.18 0.09 0.23 0.19 0.19 - 0.04 0.23 0.13 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.04 0.03 0.03 unch 0.00 0.05 0.02

B

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

BlueBird Batt V 769 O 0 BlueBird Batt* Bluenose Gold V 234 O 3 Bluestone Res* V 33 Bluestone Res Bold Ventures V 218 O 3100 Bonanza Gold* BonTerra Res V 266 Boreal Metals V 130 Borneo Res Inv* O 7484 Bravada Gold V 1003 Bravada Gold* O 909 Braveheart Res V 179 O 75 Braveheart Res* Bravo Multinat* O 86 Brazil Min* O 15561 O 0 Brigadier Gold* Brigadier Gold V 1605 BrightRock* O 87 Britannia Mng* O 238 V 587 Brixton Metals Brixton Metals* O 40 O 0 Broadway Gold* Broadway Gold V 138 Brookmount Exp* O 2008 Bryn Res* O 39 BTU Metals V 326 Buenaventura* N 4909 Bullfrog Gold* O 378 Bunker Hill 235 BWR Explor V 20

0.29 0.25 0.26 - 0.03 0.56 0.17 0.22 0.22 0.22 unch 0.00 0.41 0.14 0.18 0.15 0.18 + 0.04 0.33 0.09 0.88 0.85 0.85 - 0.01 1.16 0.81 1.16 1.11 1.15 + 0.02 1.60 1.05 0.03 0.02 0.02 - 0.01 0.04 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 1.83 1.64 1.65 - 0.17 5.60 1.67 0.08 0.00 0.08 - 0.01 0.25 0.04 0.00 0.00 0.00 - 0.00 0.00 0.00 0.10 0.08 0.10 + 0.03 0.11 0.05 0.08 0.05 0.07 + 0.01 0.09 0.04 0.10 0.10 0.10 unch 0.00 0.12 0.06 0.08 0.08 0.08 unch 0.00 0.08 0.05 0.56 0.50 0.56 - 0.04 0.95 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.13 unch 0.00 0.15 0.10 0.17 0.15 0.16 + 0.01 0.26 0.05 0.00 0.00 0.00 - 0.00 0.01 0.00 0.01 0.00 0.00 - 0.00 0.01 0.00 0.16 0.14 0.14 - 0.03 0.24 0.13 0.12 0.11 0.11 - 0.01 0.19 0.10 0.06 0.06 0.06 + 0.02 0.16 0.02 0.09 0.08 0.08 - 0.02 0.20 0.06 0.01 0.01 0.01 + 0.00 0.03 0.00 0.07 0.00 0.06 - 0.00 0.10 0.00 0.11 0.10 0.10 unch 0.00 0.14 0.04 16.73 15.43 15.95 - 0.52 17.78 11.67 0.15 0.13 0.15 + 0.01 0.18 0.04 0.04 0.04 0.04 unch 0.00 1.68 0.03 0.05 0.05 0.05 - 0.01 0.07 0.03

Cabral Gold V 51 Cabral Gold* O 7 Cache Explor* O 30 Cache Explor V 1699 Cadillac Vent V 352 Cadillac Vent* O 0 Cairo Res V 0 Caledonia Mng T 23 Caledonia Mng* X 38 Calibre Mng* O 30 Calibre Mng V 234 California Gld 1169 California Gld* O 197 Callinex Mines* O 58 Callinex Mines V 254 Cameco Corp* N 5496 Cameco Corp T 2511 Cameo Cobalt* O 687 Cameo Cobalt V 1226 Camino Min* O 4 Camino Min V 193 Camrova Res* O 1 Canada Carbon V 557 Canada Carbon* O 41 Canada Coal V 285 Canada Cobalt V 295 Canada Cobalt * O 80 Canada One* O 4 Canada One V 12 Canada Rare V 227 Canada Rare* O 10 Canadian Engy V 14 Canadian Metal 363 Canadian Ore V 143 Canadian Ore* O 32 Canadian Prem V 6 CanAlaska Uran* O 12 V 107 CanAlaska Uran Canamex Gold 212 O 416 Canamex Gold* Canarc Res T 1048 Canarc Res* O 406 Canasil Res V 692 V 2 Candelaria Mg Candente Coppr T 343 Candente Gold* O 40 V 408 Candente Gold 8 CANEX Metals * O CANEX Metals V 57 CaNickel Mng* O 0 CaNickel Mng V 16 Canoe Mng Vent V 360 Canoe Mng Vent* O 210 Canstar Res* O 92 Canstar Res V 345 V 180 Canterra Mnls Cantex Mn Dev V 224 Cantex Mn Dev* O 11 Canuc Res V 152 Capstone Mng T 3314 Cardero Res V 361 Cardero Res* O 67 Cardinal Res* O 2 Cardinal Res T 114 Cariboo Rose V 17 Carlin Gold V 40 Carrara Explor 9288 Cartier Iron 328 Cartier Res V 727 Carube Copper V 107 O 12 Carube Copper* Casa Minerals * O 212 Casa Minerals V 122 Cascadero Copp V 228 Cassius Vents V 8 CAT Strategic 140 Cautivo Mining 5 CellCube Enrgy* O 3050 CellCube Enrgy 7348 Centamin T 1190 Centaurus Diam* O 71 Centenera Mng* O 40 Centenera Mng V 108 Centerra Gold T 1365 Central Iron V 4 Central Tim Ex V 582 Centurion Mnls V 2807 Century Cobalt* O 19 Century Global T 548 Cerro de Pasc * O 40 Cerro de Pasc 384 Cerro Grande 71 Cerro Mng* O 0 Cerro Mng V 0 Ceylon Graph V 12 Chakana Copper V 164 O 24 Chakana Copper* Chalice Gold M* O 20 Chalice Gold M T 125 Champion Bear V 92 O 1 Champion Bear* Champion Iron T 6380 Champion Iron* O 58 Chatham Rock* O 2 Chatham Rock V 99 Chesapeake Gld V 25 Chesapeake Gld* O 17 Chevron Corp* N 46610 Chiboug Ind Mn V 2001 Chiboug Ind Mn* O 151 Chilean Metals V 332 Chilean Metals* O 15 China Gold Int T 195 Chinapintza Mg V 4 Cicada Vents V 276 CIM Intl Grp 1 Cipher Res V 716 Clarmin Explor V 10 Clean Comm* O 574 Clean Comm V 183 Cleghorn Mnls V 52 Cleveland-Clif* N 43014 Clifton Mng* O 91 Cloud Peak En* O 9956 Clydesdale Res V 3 CMC Metals* O 0 CMC Metals V 43 CMX Gold & Sil 8 CNRP Mng 213 CNRP Mng* O 223 Cobalt 27 Cap V 907 Cobalt Block V 179

0.23 0.00 0.23 unch 0.00 0.38 0.18 0.17 0.16 0.17 + 0.00 0.30 0.14 0.04 0.03 0.03 - 0.00 0.04 0.01 0.06 0.05 0.06 + 0.01 0.07 0.03 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.00 0.00 0.02 unch 0.00 0.03 0.01 0.00 0.00 0.30 unch 0.00 0.42 0.24 7.91 7.49 7.69 - 0.22 12.50 6.63 5.99 5.62 5.88 + 0.08 9.94 5.01 0.41 0.35 0.35 - 0.05 0.55 0.03 0.56 0.48 0.48 - 0.09 0.80 0.30 0.65 0.52 0.61 + 0.08 0.65 0.37 0.50 0.41 0.45 + 0.05 0.50 0.13 0.06 0.06 0.06 - 0.00 0.23 0.05 0.08 0.08 0.08 - 0.01 0.31 0.08 11.87 11.56 11.79 + 0.02 13.04 9.39 15.88 15.45 15.78 + 0.09 17.12 12.31 0.12 0.10 0.10 - 0.01 0.93 0.03 0.15 0.13 0.13 - 0.02 0.43 0.05 0.10 0.10 0.10 - 0.00 0.23 0.07 0.14 0.12 0.12 - 0.02 0.30 0.09 0.01 0.01 0.01 unch 0.00 0.09 0.00 0.15 0.13 0.13 + 0.01 0.18 0.07 0.10 0.10 0.10 + 0.02 0.13 0.00 0.07 0.03 0.03 unch 0.00 0.11 0.03 0.41 0.33 0.36 - 0.05 0.90 0.19 0.31 0.26 0.27 - 0.04 0.79 0.01 0.03 0.03 0.03 unch 0.00 0.11 0.03 0.06 0.06 0.06 + 0.01 0.12 0.04 0.07 0.06 0.06 unch 0.00 0.10 0.04 0.05 0.04 0.05 + 0.01 0.08 0.02 0.08 0.08 0.08 - 0.01 0.23 0.08 0.05 0.04 0.05 unch 0.00 0.20 0.04 0.35 0.31 0.35 + 0.04 0.45 0.14 0.25 0.22 0.25 + 0.02 0.34 0.15 1.20 1.13 1.13 + 0.03 3.98 1.06 0.24 0.23 0.23 - 0.01 0.35 0.19 0.32 0.31 0.32 + 0.01 0.45 0.25 0.06 0.05 0.05 - 0.01 0.17 0.05 0.04 0.00 0.02 - 0.01 0.13 0.03 0.07 0.05 0.06 + 0.01 0.08 0.03 0.05 0.04 0.04 + 0.00 0.06 0.02 0.08 0.06 0.06 - 0.02 0.13 0.06 0.39 0.39 0.39 + 0.03 0.85 0.23 0.05 0.00 0.05 - 0.01 0.10 0.05 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.02 0.00 0.02 unch 0.00 0.05 0.02 0.03 0.03 0.03 unch 0.00 0.04 0.02 0.05 0.04 0.04 - 0.01 0.07 0.03 0.00 0.00 0.08 unch 0.00 0.09 0.03 0.08 0.00 0.08 + 0.01 0.16 0.06 0.04 0.03 0.03 unch 0.00 0.04 0.02 0.02 0.02 0.02 unch 0.00 0.02 0.01 0.04 0.03 0.04 + 0.00 0.19 0.03 0.06 0.05 0.05 - 0.01 0.30 0.05 0.02 0.02 0.02 unch 0.00 0.04 0.02 4.15 3.58 3.67 - 0.24 4.17 0.15 3.00 2.75 2.75 - 0.12 3.00 0.01 0.05 0.04 0.04 - 0.01 0.23 0.04 0.72 0.65 0.70 + 0.03 1.28 0.48 0.06 0.06 0.06 - 0.01 0.16 0.05 0.04 0.04 0.04 - 0.00 0.12 0.04 0.26 0.26 0.26 unch 0.00 0.41 0.26 0.40 0.36 0.36 - 0.02 0.59 0.32 0.05 0.05 0.05 unch 0.00 0.05 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.08 0.06 0.07 - 0.01 0.17 0.03 0.10 0.09 0.09 + 0.01 0.13 0.07 0.13 0.11 0.12 - 0.01 0.19 0.11 0.05 0.04 0.04 - 0.01 0.10 0.04 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.12 0.11 0.11 unch 0.00 0.12 0.10 0.15 0.12 0.12 - 0.03 0.24 0.12 0.04 0.03 0.03 unch 0.00 0.10 0.03 0.06 0.00 0.06 unch 0.00 0.08 0.03 0.04 0.04 0.04 - 0.01 0.15 0.04 0.18 0.00 0.10 unch 0.00 0.39 0.08 0.11 0.08 0.09 - 0.01 0.60 0.06 0.14 0.10 0.12 - 0.02 0.76 0.09 1.55 1.42 1.47 - 0.06 2.86 1.40 0.15 0.12 0.12 - 0.02 1.00 0.05 0.02 0.02 0.02 unch 0.00 0.16 0.01 0.03 0.03 0.03 unch 0.00 0.20 0.03 7.24 6.94 7.04 - 0.08 8.21 4.76 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.09 0.06 0.07 - 0.02 0.20 0.06 0.02 0.02 0.02 - 0.01 0.05 0.01 0.14 0.06 0.12 - 0.00 0.20 0.01 0.17 0.17 0.17 + 0.02 0.22 0.11 0.22 0.21 0.21 unch 0.00 0.26 0.16 0.32 0.29 0.32 unch 0.00 0.37 0.22 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.00 0.00 0.12 unch 0.00 0.13 0.12 0.00 0.00 0.14 unch 0.00 0.21 0.13 0.16 0.14 0.15 + 0.01 0.21 0.12 0.43 0.39 0.40 - 0.01 0.85 0.25 0.33 0.29 0.31 + 0.01 0.64 0.19 0.09 0.09 0.09 unch 0.00 0.13 0.08 0.13 0.12 0.12 - 0.02 0.16 0.10 0.16 0.14 0.14 unch 0.00 0.25 0.10 0.12 0.12 0.12 unch 0.00 0.17 0.10 2.27 1.95 2.00 - 0.20 2.35 0.89 1.71 1.47 1.47 - 0.22 1.74 0.70 0.11 0.00 0.11 unch 0.00 0.21 0.10 0.15 0.13 0.13 unch 0.00 0.29 0.13 1.83 1.77 1.83 + 0.05 2.74 1.51 1.38 1.32 1.36 - 0.01 2.18 1.10 122.54 119.10 119.86 + 0.10 131.08 100.22 0.14 0.10 0.12 + 0.02 0.15 0.04 0.10 0.07 0.10 + 0.03 0.10 0.03 0.03 0.03 0.03 unch 0.00 0.18 0.03 0.02 0.02 0.02 + 0.00 0.12 0.01 1.86 1.77 1.83 + 0.08 2.81 1.46 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.19 0.19 0.19 unch 0.00 0.63 0.19 0.05 0.04 0.04 - 0.02 0.14 0.04 0.10 0.10 0.10 unch 0.00 0.22 0.10 0.03 0.02 0.03 unch 0.00 0.06 0.01 0.03 0.03 0.03 - 0.01 0.08 0.03 0.08 0.07 0.08 + 0.01 0.14 0.06 10.31 9.29 9.37 - 0.74 13.10 7.04 0.19 0.13 0.14 + 0.00 0.19 0.04 0.09 0.07 0.07 + 0.01 4.10 0.06 0.00 0.00 0.04 unch 0.00 0.08 0.02 0.00 0.00 0.06 unch 0.00 0.06 0.01 0.08 0.07 0.07 + 0.01 0.11 0.04 0.05 0.05 0.05 unch 0.00 0.12 0.04 0.35 0.32 0.33 - 0.01 2.02 0.27 0.26 0.23 0.24 - 0.00 1.58 0.20 4.75 4.36 4.70 + 0.33 13.00 3.27 0.09 0.07 0.08 - 0.02 0.34 0.07

C

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Cobalt Block* O 284 12556 Coeur Mng* N Colibri Res* O 12 Colibri Res V 293 V 54 Colombia Crest O 0 Colombia Crest* Colonial Coal V 587 Colorado Res V 461 O 65 Colorado Res* T 101 Columbus Gold O 260 Columbus Gold* Comet Inds V 19 V 403 Commander Res O 33 Commander Res* V 819 Commerce Res O 44 Commerce Res* O 146 Compass Gold* V 2236 Compass Gold X 1671 Comstock Mng* V 6227 Comstock Mtls 53 Comstock Mtls * O Condor Gold* O 20 Condor Gold T 18 Condor Res V 151 O 2 Confedertn Ml* V 33 Confedertn Mls V 278 Conquest Res Conquest Res * O 360 V 285 Cons Woodjam 90 CONSOL Coal Rs* N N 1305 CONSOL Energy* N 10652 CONSOL Energy* O 6 Constantine Mt* V 11 Constantine Mt O 12 Contact Gold* Contact Gold V 57 O 3 Contact Mnrls* O 63 Contintl Gold* Contintl Gold T 875 51 Copper Fox Mtl* O Copper Fox Mtl V 208 Copper Lake Rs V 1270 Copper Mtn Mng T 1048 Copper Mtn Mng* O 154 0 Copper North M* O 44 Copper North M V 264 Copper Reef Mg Copperbank Res 728 O 135 Copperbank Res* 48 Coral Gold * O Coral Gold V 269 O 30 Cordoba Mnls* V 33 Cordoba Mnls Core Gold V 968 Core Gold* O 96 Core Lithium* O 5 V 651 Cornerstone Ca O 148 Cornerstone Ca* Coro Mining T 2748 37 Corsa Coal * O Corsa Coal V 166 Corvus Gold* O 103 Corvus Gold T 323 CR Capital V 220 1 Crazy Horse Res* O Crest Resource 60 Cresval Cap V 279 Critical Elem* O 50 Critical Elem V 386 V 131 CROPS O 60 Crown Mining* Crown Mining V 122 Cruz Cobalt V 279 Cruz Cobalt* O 126 Crystal Lake V 673 Crystal Lake* O 60 Crystal Peak* O 381 Crystal Peak V 176 O 0 CTGX Mining* 96 Currie Rose Rs V Cypress Dev V 1714 Cypress Dev* O 163

0.05 0.08 0.05 0.06 - 0.02 0.27 3.70 3.95 3.65 3.68 - 0.26 8.89 0.01 unch 0.00 0.06 0.04 0.04 0.04 0.03 unch 0.00 0.10 0.05 0.05 0.05 0.11 unch 0.00 0.60 0.30 0.25 0.30 0.03 unch 0.00 0.21 0.00 0.00 0.16 0.20 0.65 0.54 0.63 + 0.08 0.63 0.05 0.07 0.06 0.07 + 0.01 0.19 0.03 0.05 0.04 0.04 - 0.01 0.15 0.18 0.20 0.18 0.18 - 0.02 0.35 0.13 0.15 0.13 0.13 - 0.01 0.27 2.60 unch 0.00 3.60 3.25 3.25 3.25 0.07 0.11 0.09 0.11 + 0.02 0.22 0.02 0.07 0.00 0.07 + 0.01 0.16 0.05 0.06 0.05 0.05 - 0.01 0.08 0.04 0.04 0.04 0.04 - 0.00 0.07 0.20 0.40 0.35 0.36 + 0.03 0.40 0.11 0.59 0.42 0.44 - 0.06 0.74 0.12 0.24 0.21 0.23 - 0.00 0.40 0.03 unch 0.00 0.08 0.04 0.03 0.03 0.03 0.03 0.03 unch 0.00 0.06 0.01 0.25 unch 0.00 0.75 0.27 0.25 0.27 0.33 0.38 0.37 0.38 + 0.01 0.90 0.04 unch 0.00 0.12 0.04 0.04 0.04 0.11 unch 0.00 0.28 0.11 0.11 0.11 0.13 0.17 0.14 0.14 - 0.02 0.40 0.01 0.03 0.02 0.03 + 0.01 0.04 0.01 0.01 0.01 unch 0.00 0.03 0.00 0.03 0.06 0.06 0.06 - 0.01 0.09 18.15 17.15 17.55 - 0.33 21.13 14.40 29.34 34.66 32.99 33.23 - 0.87 48.12 11.03 10.18 10.26 - 0.33 18.37 9.58 0.12 0.35 0.32 0.33 + 0.01 0.65 0.39 unch 0.00 0.83 0.44 0.00 0.43 0.19 0.20 0.20 0.20 - 0.01 0.38 0.22 0.26 0.22 0.22 - 0.04 0.50 0.02 unch 0.00 0.45 0.15 0.13 0.15 1.33 2.20 2.09 2.12 + 0.01 3.02 1.76 unch 0.00 3.98 2.95 2.78 2.82 0.08 0.06 0.06 - 0.02 0.10 0.06 0.10 0.00 0.10 unch 0.00 0.13 0.08 0.02 0.02 0.02 unch 0.00 0.05 0.01 1.18 1.04 1.09 + 0.02 1.45 0.65 0.88 0.79 0.84 + 0.03 1.12 0.48 0.00 0.00 0.05 unch 0.00 0.05 0.02 0.07 0.00 0.07 unch 0.00 0.07 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.02 0.04 0.05 0.05 0.05 - 0.01 0.10 0.03 0.04 0.00 0.04 + 0.00 0.08 0.33 0.00 0.28 - 0.03 0.34 0.16 0.32 0.42 0.38 0.38 - 0.03 0.44 0.06 0.08 0.07 0.07 - 0.01 0.23 0.09 0.10 0.00 0.10 - 0.01 0.29 0.19 0.28 0.27 0.27 - 0.01 0.35 0.14 0.20 0.20 0.20 - 0.01 0.28 0.22 unch 0.00 0.80 0.21 0.21 0.21 0.14 0.36 0.34 0.34 - 0.01 0.40 0.03 0.27 0.25 0.25 - 0.01 0.29 0.05 0.11 0.10 0.11 - 0.01 0.12 0.64 0.59 0.61 + 0.00 1.22 0.37 0.61 0.85 0.82 0.84 - 0.01 1.64 1.43 1.55 1.39 1.41 - 0.11 2.72 1.92 2.05 1.85 1.87 - 0.16 3.39 0.02 unch 0.00 0.11 0.08 0.06 0.08 0.10 0.00 0.10 + 0.00 0.15 0.08 0.10 unch 0.00 0.15 0.13 0.13 0.13 0.02 0.05 0.04 0.05 + 0.01 0.05 0.39 0.42 0.38 0.38 - 0.04 0.96 0.49 0.60 0.49 0.52 - 0.08 1.25 0.02 unch 0.00 0.10 0.03 0.00 0.03 0.06 unch 0.00 0.10 0.08 0.08 0.08 0.07 0.09 0.08 0.08 - 0.01 0.17 0.05 0.06 0.05 0.06 + 0.01 0.29 0.03 0.04 0.04 0.04 + 0.00 0.23 0.24 0.32 0.28 0.29 - 0.03 0.77 0.18 0.24 0.24 0.24 + 0.00 0.58 0.12 0.14 0.12 0.14 + 0.01 0.34 0.16 unch 0.00 0.44 0.18 0.16 0.17 0.10 unch 0.00 0.25 0.00 0.00 0.10 0.06 0.06 0.06 unch 0.00 0.12 0.05 0.17 0.26 0.23 0.24 - 0.01 0.43 0.12 0.19 0.17 0.17 - 0.02 0.34

Dajin Res* O 383 Dajin Res V 174 1 Dakota Ter Res* O Daleco Res* O 160 O 0 Damara Gold* Danakali* O 152 Debut Dmds 8 Decade Res V 768 V 203 Deep-South Res DeepRock Min 60 O 20 Defense Metals* V 170 Defense Metals Defiance Silvr V 222 O 91 Defiance Silvr* Delrand Res V 311 Delrey Metals 161 4 Delrey Metals * O T 738 Denison Mines X 1360 Denison Mines* Desert Gold* O 3 Desert Gold V 11 Desert Lion* O 12 Desert Lion V 336 80 Desert Mtn Egy V Detour Gold T 2096 O 640 Diamante Min* Diamcor Mng V 400 O 20 Diamcor Mng* O 4645 Diamond Disc* V 149 Diamond Fields 0 Diamond Fields* O Dios Expl V 40 V 211 Discovery Harb V 120 Discovery Met 79898 O Discovery Mnls* V 66 Discovery-Corp District Cop* O 40 District Cop V 777 Ditem Explor* O 4 O 104 Diversified Rs* DNI Metals 1040 DNI Metals* O 388 O 34 Dolat Ventures* 86 Dolly Vard Sil* O Dolly Vard Sil V 163 O 80 Doubleview Cap* V 479 Doubleview Cap DRDGOLD* N 151 1 Duncan Park H V Dundee Prec Mt T 510 O 35 Dunnedin Vent* Durango Res V 25 Durango Res* O 90 V 332 DV Resources O 0 DV Resources* 22 Dynacor Gld Mn* O 47 Dynacor Gld Mn T O 0 Dynamic Gold* O 1 DynaResource* Dynasty Gold V 26 O 0 E-Energy Vent* E3 Metals V 10 E3 Metals* O 1 V 31 Eagle Graphite Eagle Plains V 101 V 103 East Africa 18 East Africa * O East Asia Mnls V 723 13 East Asia Mnls* O EastCoal Inc V 0 Eastern Platin T 5 O 40 Eastern Platin* Eastern Zinc 36 Eastfield Res V 253 O 34 Eastmain Res* Eastmain Res T 817 9 Eco Oro Mnls 2 Eco Oro Mnls* O eCobalt Solns T 947 O 606 eCobalt Solns* V 70 Edgewater Expl

0.03 0.04 0.03 0.04 - 0.00 0.10 0.04 0.06 0.05 0.05 - 0.01 0.13 0.08 0.07 0.07 unch 0.00 0.19 0.03 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.03 unch 0.00 0.03 0.00 0.00 0.03 0.44 0.57 0.55 0.56 + 0.00 0.69 0.01 0.01 0.00 0.01 - 0.01 0.02 0.03 0.04 0.03 0.03 - 0.01 0.10 0.06 0.10 0.08 0.10 + 0.01 0.33 0.04 0.08 0.00 0.08 + 0.04 0.10 0.13 0.13 0.13 0.13 - 0.00 0.25 0.12 0.18 0.15 0.15 - 0.03 0.25 0.17 0.23 0.20 0.20 - 0.01 0.44 0.12 unch 0.00 0.35 0.17 0.15 0.16 0.25 0.70 0.61 0.62 - 0.08 1.05 0.18 0.20 0.19 0.19 + 0.01 0.50 0.15 0.15 0.15 unch 0.00 0.16 0.15 0.58 0.75 0.71 0.71 - 0.01 0.89 0.44 0.57 0.53 0.53 - 0.01 0.69 0.12 unch 0.00 0.21 0.16 0.16 0.16 0.14 0.23 0.21 0.22 + 0.01 0.26 0.05 unch 0.00 1.07 0.09 0.09 0.09 0.04 0.13 0.11 0.12 - 0.01 1.40 0.17 0.15 0.17 - 0.01 0.27 0.13 12.08 11.50 11.72 - 0.35 15.40 9.11 0.01 0.05 0.03 0.04 + 0.02 0.24 0.13 0.17 0.12 0.13 - 0.04 0.50 0.11 0.00 0.41 unch 0.13 0.11 0.11 0.00 0.00 0.00 0.00 - 0.00 0.00 0.07 0.16 0.13 0.16 + 0.01 0.16 0.00 0.00 0.08 unch 0.00 0.12 0.04 0.05 unch 0.00 0.17 0.06 0.06 0.06 0.01 0.07 0.06 0.06 + 0.01 0.08 0.17 0.25 0.21 0.21 - 0.05 0.42 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.03 nch u 0.02 0.02 0.02 0.01 unch 0.00 0.16 0.01 0.01 0.01 0.02 0.03 0.02 0.02 - 0.01 0.21 0.00 0.00 0.00 0.00 - 0.00 0.00 0.01 0.01 0.01 0.01 + 0.00 0.05 0.04 0.06 0.05 0.05 - 0.01 0.11 0.03 0.05 0.04 0.04 - 0.00 0.08 0.10 0.98 0.56 0.74 - 0.01 2.20 0.30 0.25 0.25 - 0.03 0.58 0.22 0.39 0.34 0.35 - 0.04 0.73 0.29 0.07 unch 0.00 0.13 0.12 0.12 0.12 0.07 0.16 0.14 0.14 - 0.02 0.18 1.71 1.99 1.86 1.90 + 0.02 2.95 0.00 0.00 0.18 unch 0.00 0.60 0.18 4.19 3.93 4.08 - 0.03 4.89 2.56 0.05 0.07 0.06 0.06 - 0.00 0.25 0.04 unch 0.00 0.10 0.07 0.07 0.07 0.04 unch 0.00 0.07 0.05 0.05 0.05 0.07 unch 0.00 0.35 0.07 0.07 0.07 0.06 unch 0.00 0.14 0.00 0.00 0.06 1.27 1.21 1.23 - 0.03 1.55 1.02 1.70 1.63 1.70 - 0.02 1.97 1.41 1.00 unch 0.00 3.00 0.00 0.00 1.99 0.75 unch 0.00 1.25 1.00 0.00 1.00 0.10 0.13 0.11 0.11 - 0.02 0.24 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.23 0.44 0.42 0.44 - 0.01 0.58 0.22 unch 0.00 0.38 0.31 0.31 0.31 0.07 unch 0.00 0.27 0.09 0.00 0.09 0.08 0.10 0.09 0.09 - 0.01 0.18 0.21 0.19 0.19 + 0.02 0.29 0.14 0.13 0.12 0.13 unch 0.00 0.18 0.10 0.07 0.07 0.07 - 0.01 0.10 0.03 0.05 0.05 0.05 + 0.00 0.08 0.02 0.10 unch 0.00 0.30 0.00 0.00 0.10 0.17 0.24 0.22 0.24 + 0.01 0.40 0.12 unch 0.00 0.32 0.18 0.18 0.18 0.09 unch 0.00 0.56 0.10 0.10 0.10 0.03 unch 0.00 0.07 0.07 0.06 0.06 0.09 0.10 0.09 0.09 - 0.01 0.23 0.13 0.14 0.13 0.13 - 0.01 0.29 0.11 0.10 0.10 - 0.01 0.29 0.10 0.07 0.07 0.07 unch 0.00 0.77 0.00 0.25 0.36 0.30 0.30 - 0.04 1.49 0.19 0.27 0.22 0.23 - 0.03 1.17 0.10 unch 0.00 0.18 0.10 0.10 0.10

D-F

2019-04-22 10:52 AM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / APRIL 29–MAY 12, 2019

Week

12-month

Exc Volume High Low Last Change High Low

Edison Cobalt* O 18 0.04 0.04 0.04 - 0.01 0.19 0.03 V 72 0.06 0.05 0.06 + 0.01 0.25 0.04 Edison Cobalt El Capitan Prc* O 870 0.01 0.01 0.01 unch 0.00 0.03 0.00 El Nino Vent V 102 0.03 0.03 0.03 - 0.01 0.06 0.03 1 0.02 0.02 0.02 - 0.00 0.05 0.02 El Nino Vent* O Elcora Adv Mat V 163 0.09 0.09 0.09 unch 0.00 0.36 0.06 0.05 Elcora Res* O 77 0.08 0.06 0.06 - 0.01 0.27 N 4165 4.53 4.22 4.28 - 0.23 6.05 2.52 Eldorado Gold* Eldorado Gold T 2472 6.06 5.66 5.72 - 0.30 7.75 3.36 0.18 Eloro Res* O 45 0.18 0.16 0.16 - 0.02 0.57 Eloro Res V 105 0.24 0.20 0.21 - 0.03 0.80 0.21 0.18 0.16 0.18 + 0.01 0.20 0.09 Ely Gold Royal V 315 Ely Gold Royal* O 588 0.14 0.12 0.13 - 0.00 0.15 0.07 Elysee Dev * O 1 0.28 0.00 0.28 + 0.00 0.33 0.23 0.31 Elysee Dev V 67 0.38 0.37 0.38 + 0.01 0.42 unch 0.00 0.12 0.02 Emerita Res V 504 0.03 0.02 0.02 Emgold Mining* O 0 0.11 0.00 0.11 - 0.03 0.15 0.03 V 96 0.19 0.16 0.18 unch 0.00 0.22 0.05 Emgold Mining Empire Metals V 15 0.17 0.17 0.17 - 0.01 0.23 0.11 0.84 EMX Royalty* X 235 1.14 1.09 1.09 - 0.05 1.47 EMX Royalty V 20 1.52 1.43 1.43 - 0.12 1.80 1.01 O 38 0.11 0.08 0.08 - 0.03 0.22 0.02 Encanto Potash* Encanto Potash V 375 0.14 0.10 0.11 - 0.03 0.35 0.10 V 794 0.17 0.15 0.16 - 0.01 0.21 0.05 EnCore Energy Endeavour Mng T 768 19.86 18.76 19.32 + 0.32 24.65 16.34 O 18 14.77 13.94 14.53 + 0.30 18.87 12.38 Endeavour Mng* Endeavr Silver* N 2625 2.39 2.18 2.20 - 0.10 3.35 1.76 T 484 3.19 2.93 2.94 - 0.13 4.40 2.27 Endeavr Silver Endurance Gold V 102 0.04 0.04 0.04 unch 0.00 0.09 0.03 1.74 Energy Fuels* X 4556 3.32 2.99 3.13 - 0.16 4.09 Energy Fuels T 941 4.37 3.99 4.17 - 0.22 5.38 2.25 unch 0.00 0.23 0.04 Enforcer Gold V 73 0.05 0.00 0.05 Engineer Gold V 101 0.09 0.00 0.09 + 0.01 0.12 0.05 0.09 Engold Mines V 89 0.11 0.10 0.11 + 0.01 0.28 Engold Mines* O 45 0.09 0.09 0.09 unch 0.00 0.21 0.07 unch 0.00 0.09 0.02 Ensurge* O 24 0.04 0.04 0.04 Entree Res* X 387 0.37 0.35 0.36 + 0.00 0.48 0.33 0.42 Entree Res T 161 0.48 0.48 0.48 + 0.01 0.61 ePower Metals* O 2 0.11 0.11 0.11 unch 0.00 0.23 0.12 ePower Metals V 8 0.18 0.16 0.18 + 0.03 0.31 0.14 0.85 Equinox Gold V 1608 1.23 1.13 1.13 - 0.07 1.37 Equitorial Ex V 128 0.04 0.04 0.04 unch 0.00 0.10 0.02 0.21 0.20 0.20 - 0.01 0.53 0.18 Erdene Res Dev T 194 Erdene Res Dev* O 56 0.16 0.14 0.15 - 0.01 0.40 0.14 unch 0.00 0.30 0.09 Erin Ventures V 175 0.10 0.09 0.10 Erin Ventures* O 12 0.08 0.07 0.07 - 0.01 0.22 0.07 41 13.36 0.00 13.36 + 1.34 13.06 5.77 Ero Copper* O Ero Copper T 638 17.89 15.60 17.86 + 1.05 17.75 7.23 20 0.07 0.00 0.07 + 0.00 0.10 0.05 Eros Res Corp* O Eros Res Corp V 219 0.10 0.00 0.10 - 0.01 0.13 0.07 0.10 0.00 0.10 - 0.01 0.13 0.07 Eros Res Corp V 219 Eskay Mng V 260 0.15 0.12 0.12 - 0.01 0.38 0.07 0.12 Ethos Gold V 325 0.17 0.15 0.17 + 0.01 0.34 Ethos Gold* O 50 0.12 0.11 0.11 - 0.01 0.25 0.09 0.24 Etruscus Res 88 0.34 0.30 0.30 - 0.04 0.45 Euro Manganese V 95 0.25 0.24 0.24 - 0.01 0.44 0.15 0.90 0.77 0.78 - 0.01 1.64 0.23 Euro Sun Mg T 1753 Euro Sun Mg* O 572 0.67 0.57 0.60 + 0.02 1.28 0.17 O 7 0.05 0.04 0.04 unch 0.00 0.16 0.01 EurOmax Res* EurOmax Res T 232 0.06 0.06 0.06 + 0.01 0.21 0.02 O 417 0.07 0.04 0.06 + 0.02 0.61 0.04 European Elect* European Elect V 515 0.09 0.06 0.08 + 0.02 0.65 0.06 O 333 0.00 0.00 0.00 unch 0.00 0.00 0.00 European Metal* Eurotin V 280 0.02 0.02 0.02 unch 0.00 0.13 0.01 unch 0.00 0.05 0.02 Everton Res V 682 0.03 0.02 0.03 Everton Res* O 6 0.03 0.01 0.03 + 0.00 0.04 0.01 907 1.60 1.20 1.55 + 0.22 1.64 0.16 EVI Global Grp Evolving Gold* O 1 0.05 0.00 0.05 unch 0.00 0.12 0.05 0.27 Evrim Res V 361 0.32 0.29 0.29 - 0.02 1.70 Excellon Res* O 61 0.56 0.51 0.52 - 0.04 1.25 0.44 0.59 Excellon Res T 349 0.75 0.69 0.69 - 0.04 1.62 Excelsior Mng* O 117 0.75 0.72 0.74 - 0.01 1.21 0.53 T 289 0.99 0.95 0.97 - 0.01 1.50 0.71 Excelsior Mng ExGen Res Inc V 150 0.02 0.01 0.02 unch 0.00 0.03 0.01 0.01 Explor Res* O 509 0.03 0.02 0.03 + 0.00 0.04 Explor Res V 589 0.03 0.03 0.03 - 0.01 0.04 0.02 O 24 0.20 0.19 0.20 unch 0.00 0.28 0.18 Explorex Res* Explorex Res 95 0.27 0.24 0.27 + 0.02 0.45 0.21 O 0 0.00 0.00 0.00 unch 0.00 0.00 0.00 Fairmile Gold* O 359 0.00 0.00 0.00 unch 0.00 0.10 0.00 Fairmont Res* Falco Res V 854 0.29 0.25 0.28 - 0.01 0.79 0.26 4 0.23 0.20 0.20 - 0.03 0.61 0.18 Falco Res * O Falcon Gold V 1024 0.03 0.00 0.03 + 0.01 0.06 0.03 V 285 0.08 0.08 0.08 + 0.01 0.11 0.04 Fancamp Expl Far Res 1300 0.12 0.10 0.11 - 0.01 0.39 0.06 0.04 Far Res* O 64 0.09 0.08 0.08 - 0.01 0.88 Fengro Industr* O 30 0.02 0.02 0.02 unch 0.00 0.11 0.01 V 16 0.03 0.03 0.03 unch 0.00 0.20 0.03 Fengro Industr Fidelity Min V 486 0.06 0.05 0.06 + 0.01 0.10 0.03 unch 0.00 0.06 0.03 Fidelity Min* O 1 0.03 0.03 0.03 Filo Mg Corp * O 4 2.04 2.02 2.02 + 0.04 2.04 1.55 16 2.82 2.70 2.80 + 0.10 2.74 2.00 Filo Mg Corp V Finlay Minrls V 91 0.03 0.03 0.03 unch 0.00 0.06 0.02 0.16 Fiore Gold* O 159 0.21 0.19 0.21 - 0.01 0.53 Fiore Gold V 322 0.28 0.26 0.27 - 0.01 0.68 0.21 4 0.05 0.05 0.05 unch 0.00 2.41 0.00 Fire River Gol* O Firebird Res V 16 0.02 0.02 0.02 unch 0.00 0.05 0.02 unch 0.00 0.39 0.19 FireFox Gold V 61 0.22 0.19 0.22 Firestone Vent V 18 0.10 0.08 0.08 - 0.03 0.11 0.04 V 222 0.86 0.72 0.73 - 0.12 2.14 0.74 Fireweed Zinc Fireweed Zinc* O 20 0.64 0.57 0.57 - 0.10 1.67 0.54 O 48 0.02 0.02 0.02 - 0.01 0.08 0.01 Firma Holdings* First Cobalt * O 675 0.13 0.12 0.13 - 0.00 0.63 0.11 0.15 First Cobalt V 3102 0.17 0.16 0.17 - 0.01 0.82 First Colombia* O 11000 0.00 0.00 0.00 unch 0.00 0.00 0.00 unch 0.00 0.20 0.15 First Energy 26 0.15 0.15 0.15 First Energy* O 4 0.11 0.11 0.11 unch 0.00 0.32 0.08 N 9825 6.33 6.00 6.07 - 0.20 8.48 4.59 First Majestic* First Majestic T 2426 8.47 8.01 8.11 - 0.26 11.09 6.12 unch 0.00 0.07 0.01 First Mexican V 394 0.02 0.02 0.02 First Mg Fin T 1051 0.33 0.30 0.30 - 0.02 0.55 0.21 0.24 0.22 0.22 - 0.01 0.44 0.16 First Mg Fin * O 1445 First Point* O 4 0.10 0.10 0.10 unch 0.00 0.13 0.06 First Quantum T 8913 16.63 15.30 15.93 + 0.17 23.05 9.45 First Vanadium V 395 0.70 0.56 0.58 - 0.09 1.96 0.40 O 343 0.52 0.41 0.44 - 0.07 1.60 0.31 First Vanadium* Fission 3.0 V 548 0.13 0.11 0.11 - 0.02 0.30 0.08 0.03 Fission 3.0* O 78 0.10 0.08 0.08 - 0.01 0.22 Fission Uran* O 569 0.44 0.38 0.38 - 0.05 0.63 0.35 0.47 Fission Uran T 887 0.58 0.51 0.51 - 0.05 0.78 Fjordland Exp* O 0 0.07 0.07 0.07 unch 0.00 0.24 0.04 0.06 Fjordland Exp V 87 0.08 0.07 0.07 - 0.01 0.33 Focus Graphite* O 1029 0.03 0.03 0.03 - 0.00 0.04 0.01 V 904 0.04 0.03 0.04 - 0.01 0.06 0.02 Focus Graphite Foran Mng V 46 0.32 0.32 0.32 unch 0.00 0.51 0.23 0.10 Forsys Metals T 136 0.29 0.25 0.27 + 0.03 0.32 Fort St J Nick V 399 0.20 0.00 0.20 + 0.06 0.50 0.12 0 0.09 0.09 0.09 unch 0.00 0.23 0.09 Fort St James* O Fortescue Met* O 37 5.85 5.24 5.33 - 0.42 5.88 2.53 4.20 Fortuna Silvr T 1375 4.55 4.06 4.08 - 0.41 7.78 Fortuna Silvr* N 7685 3.41 3.04 3.05 - 0.31 6.08 3.15 0.19 Fortune Bay V 11 0.26 0.00 0.26 + 0.03 0.41 Fortune Bay* O 1 0.16 0.00 0.16 + 0.00 0.31 0.10 O 246 0.09 0.07 0.08 + 0.00 0.22 0.05 Fortune Mnrls* Fortune Mnrls T 507 0.12 0.10 0.11 + 0.01 0.28 0.07 V 216 0.04 0.04 0.04 + 0.01 0.09 0.03 Forum Energy Forum Energy* O 2 0.03 0.03 0.03 unch 0.00 0.05 0.02 unch 0.00 0.60 0.10 Four Nines 1 0.00 0.00 0.20 Fox River Res 325 0.07 0.06 0.06 unch 0.00 0.10 0.06 0 0.06 0.06 0.06 unch 0.00 0.06 0.04 Fox River Res* O FPX Nickel V 109 0.13 0.13 0.13 unch 0.00 0.18 0.08 N 2246 74.85 70.33 71.12 - 3.48 78.82 58.26 Franco-Nevada* Franco-Nevada T 2381 100.09 94.10 95.21 - 4.25 105.04 76.53 unch 0.00 0.00 0.00 Franklin Mng* O 0 0.00 0.00 0.00 Freedom Egy V 149 0.02 0.02 0.02 unch 0.00 0.09 0.02 0.05 Freegold Vent T 394 0.07 0.05 0.06 - 0.01 0.13 Freeport McMoR* N 94859 14.68 13.45 14.00 + 0.30 19.70 9.60 unch 0.00 0.11 0.06 Freeport Res V 34 0.09 0.09 0.09 Fremont Gold* O 128 0.10 0.08 0.08 - 0.02 0.18 0.07 0.09 Fremont Gold V 158 0.13 0.10 0.10 - 0.03 0.19 Fresnillo plc* O 45 10.45 9.94 10.18 - 0.27 18.87 9.35 0.30 Frontier Lith V 118 0.36 0.34 0.35 + 0.01 0.61 Frontline Gold V 12 0.01 0.01 0.01 unch 0.00 0.02 0.01 0 0.00 0.00 0.00 unch 0.00 0.00 0.00 Full Metal Mnl* O Fura Gems V 131 0.30 0.28 0.30 - 0.02 0.58 0.28 0.20 Fura Gems* O 12 0.24 0.21 0.22 - 0.02 0.45 Fusion Gold V 100 0.30 0.20 0.30 + 0.19 0.30 0.11

G-H G2 Goldfields V 62 G2 Goldfields* O 0 Gabriel Res V 133 Gabriel Res* O 81 V 53 Gainey Capital Galane Gold * O 52 Galane Gold V 60 Galantas Gold V 458 Galore Res V 189 Galway Gold * O 2 Galway Gold V 7 Galway Mtls* O 40 Galway Mtls V 282

0.34 0.25 0.29 - 0.05 0.35 0.08 0.00 0.00 0.09 unch 0.00 0.10 0.03 0.45 0.00 0.42 - 0.01 0.45 0.29 0.33 0.30 0.33 + 0.02 0.33 0.20 0.16 0.14 0.15 unch 0.00 0.16 0.04 0.04 0.04 0.04 unch 0.00 0.06 0.03 0.05 0.05 0.05 unch 0.00 0.07 0.04 0.08 0.07 0.07 unch 0.00 0.15 0.07 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.08 0.08 0.08 unch 0.00 0.12 0.07 0.11 0.11 0.11 unch 0.00 0.28 0.10 0.24 0.21 0.24 + 0.01 0.30 0.10 0.34 0.30 0.33 + 0.04 0.44 0.13

20-23_APRIL15_StockTables.indd 21

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

GAR Limited 3020 Garibaldi Res V 764 Garibaldi Res * O 166 Gatling Explor V 485 O 43 Gatling Explor* General Moly T 7 X 818 General Moly* Generation Min* O 64 Generation Min 926 Genesis Mtls* O 4 Genesis Mtls V 162 Genius Metals 126 V 311 Gensource Pot Gentor Res V 21 V 950 Geomega Res Geomega Res* O 15 Gespeg Cop Res V 760 Getchell Gold * O 11 Getchell Gold 18 Getty Copper V 196 V 856 GFG Resources GFG Resources* O 101 GGL Res V 9 GGX Gold V 255 GGX Gold* O 5 Giga Metals V 80 Giga Metals* O 36 Gitennes Expl V 386 Giyani Gold V 504 Giyani Gold* O 142 V 60 GK Resources Glacier Lake V 5 O 92 Gldn Predator* Gldn Predator V 369 Glen Eagle Res V 106 Glencore Plc* O 1378 V 316 Global Atomic Global Atomic* O 150 V 155 Global Battery Global Battery* O 14 O 22 Global Energy* Global Energy V 1140 Global Gold* O 1 Global Li-Ion* O 38 Global Li-Ion 317 Global Vanad V 12 6 GlobalMin Vent* O Globex Mng* O 75 Globex Mng T 111 GMV Minerals V 81 O 32 GMV Minerals* GNCC Capital* O 102337 Go Cobalt* O 3 Go Cobalt 51 65 God’s Lake Res GoGold Res T 1527 O 1 Gold Dynamics* Gold Fields* O 0 18917 Gold Fields* N Gold Finder Ex V 568 32 Gold Finder Ex* O Gold Lakes* O 1 O 26 Gold Reserve* Gold Reserve V 15 X 1720 Gold Resource* Gold Rush Cari V 525 2 Gold Rush Cari* O Gold Std Vents T 829 Gold Std Vents* X 621 Goldbank Mng V 24 Goldcliff Res* O 47 Goldcliff Res V 72 139330 Goldcorp T Goldcorp* N 99086 Golden Arrow V 67 Golden Arrow* O 88 O 62 Golden Band* Golden Cariboo V 0 Golden Dawn Ml V 468 Golden Dawn Ml* O 3 O 16 Golden Goliath* Golden Goliath V 50 Golden Harp V 15 Golden Hope V 82 O 20 Golden Hope* Golden Mnls T 12 Golden Mnls* X 163 Golden Pursuit V 124 T 1357 Golden Queen Golden Queen* O 3133 Golden Ridge V 2220 Golden Secret V 45 Golden Share V 30 Golden Star T 224 Golden Star* X 1285 Golden Sun* O 8 Golden Tag V 258 Golden Valley V 173 O 51 Golden Valley* Goldex Res* O 19 Goldex Res V 63 Goldgroup Mng T 175 O 39 Goldgroup Mng* GoldMining T 359 GoldMining* O 386 GoldON Res V 121 GoldON Res* O 46 Goldplay Expl* O 43 Goldplay Expl V 106 GoldQuest Mng V 852 Goldrea Res 232 Goldrea Res* O 86 O 1082 Goldrich Mng* Goldsource Min* O 85 V 1614 Goldsource Min Goldstar Mnls V 185 V 96 Goldstream Mnl Goldstrike Res V 96 GoldTrain Res 10 Goliath Res V 1178 Goliath Res* O 10 Gossan Res V 32 O 557 GoviEx Uranium* GoviEx Uranium V 1620 Gowest Gold* O 348 Gowest Gold V 112 GPM Metals* O 7 GPM Metals V 298 O 99 Gran Colombia* Gran Colombia T 330 Granada Gold V 102 Granada Gold* O 3 O 25 Grande Portage* Grande Portage V 172 Granite Creek V 43 Graphite Egy* O 57 Graphite Egy 49 Graphite One V 63 O 86 Graphite One* Gratomic V 1693 Gratomic* O 22 Great Atlantic V 348 Great Bear Res V 151 Great Bear Res* O 60 70 Great Lakes Gr* O Great Panther T 392 X 2002 Great Panther* Great Thunder V 324 V 19 Greatbanks Re Green Arrow V 129 Green River 262 Green Swan Cap V 284 0 Green Valley M V Greencastle Rs V 174 O 513 Greenland M&En* Greenshield Ex V 2 Grenville Gold 0 Grid Metals V 232 Grid Metals* O 100 Grizzly Discvr V 95 Group Eleven V 224 Group Ten Mtls* O 31 Group Ten Mtls V 316 GrowMax Res* O 117 GrowMax Res V 413 GSP Resource V 8 GT Gold V 695 GT Gold * O 31 Gungnir Res* O 62 Gungnir Res V 87 V 51 Gunpoint Expl Guyana Gldflds T 2144 V 122 Guyana Goldstr

0.07 0.05 0.05 - 0.02 0.27 0.05 0.88 0.70 0.75 - 0.13 3.60 0.70 0.67 0.53 0.57 - 0.10 2.82 0.53 0.39 0.34 0.34 unch 0.00 0.58 0.13 0.29 0.00 0.27 + 0.02 0.34 0.21 0.30 0.28 0.28 - 0.01 0.63 0.22 0.23 0.20 0.22 + 0.01 0.46 0.16 0.18 0.04 0.18 + 0.14 0.12 0.03 0.32 0.16 0.25 + 0.09 0.32 0.08 0.06 0.06 0.06 + 0.00 0.08 0.04 0.08 0.07 0.08 + 0.01 0.12 0.05 0.20 0.15 0.20 + 0.02 0.25 0.12 0.10 0.09 0.09 + 0.01 0.16 0.08 0.06 0.05 0.06 - 0.01 0.12 0.05 0.16 0.14 0.15 unch 0.00 0.20 0.07 0.11 0.10 0.10 unch 0.00 0.12 0.05 0.04 0.00 0.04 + 0.01 0.05 0.02 0.15 0.13 0.14 + 0.01 0.17 0.13 0.20 0.17 0.19 - 0.01 3.60 0.13 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.24 0.22 0.23 + 0.02 0.35 0.17 0.18 0.16 0.18 + 0.01 0.27 0.14 0.09 0.00 0.09 + 0.01 0.14 0.07 0.10 0.10 0.10 + 0.01 0.14 0.05 0.07 0.07 0.07 unch 0.00 0.11 0.04 0.20 0.19 0.19 - 0.01 0.37 0.15 0.15 0.15 0.15 - 0.01 0.29 0.12 0.03 0.03 0.03 - 0.01 0.10 0.02 0.12 0.10 0.11 - 0.01 0.40 0.07 0.09 0.08 0.08 - 0.01 0.31 0.06 0.15 0.15 0.15 unch 0.00 0.17 0.15 0.09 0.00 0.09 unch 0.00 0.70 0.09 0.17 0.15 0.15 - 0.01 0.44 0.15 0.22 0.20 0.21 + 0.01 0.58 0.20 0.14 0.12 0.14 + 0.02 0.18 0.11 8.91 8.59 8.75 + 0.06 10.76 6.72 0.45 0.42 0.43 - 0.01 0.46 0.23 0.34 0.32 0.32 - 0.01 0.35 0.21 0.19 0.16 0.18 - 0.02 0.32 0.07 0.13 0.13 0.13 - 0.01 0.24 0.06 0.05 0.05 0.05 - 0.01 0.11 0.03 0.07 0.07 0.07 - 0.01 0.15 0.04 1.50 0.00 1.50 + 0.20 2.75 1.30 0.16 0.13 0.14 - 0.02 0.32 0.04 0.20 0.00 0.19 - 0.01 0.42 0.06 0.17 0.17 0.17 unch 0.00 0.23 0.10 0.67 0.61 0.61 unch 0.00 140.00 0.55 0.28 0.27 0.27 + 0.00 0.34 0.19 0.37 0.35 0.37 + 0.01 0.46 0.25 0.15 0.13 0.13 unch 0.00 0.32 0.07 0.09 0.09 0.09 unch 0.00 0.23 0.07 0.00 0.00 0.00 - 0.00 0.00 0.00 0.12 0.03 0.03 unch 0.00 0.26 0.03 0.15 0.14 0.15 + 0.01 0.38 0.07 3.81 3.80 3.80 + 0.20 3.81 0.22 0.32 0.27 0.29 - 0.03 0.53 0.19 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.00 0.00 4.05 unch 0.00 4.10 2.40 3.96 3.72 3.78 - 0.03 4.45 2.20 0.08 0.08 0.08 - 0.01 0.65 0.06 0.06 0.06 0.06 unch 0.00 0.41 0.04 0.02 0.02 0.02 unch 0.00 0.10 0.00 2.59 2.35 2.51 - 0.05 3.02 1.84 3.62 3.17 3.35 - 0.10 3.87 2.50 3.97 3.64 3.78 - 0.11 7.33 3.61 0.14 0.12 0.13 - 0.01 0.24 0.05 0.11 0.11 0.11 unch 0.00 0.15 0.07 1.40 1.31 1.32 - 0.07 2.40 1.30 1.06 0.98 0.99 - 0.07 1.86 0.97 0.15 0.15 0.15 unch 0.00 0.18 0.07 0.08 0.06 0.06 - 0.00 0.12 0.03 0.10 0.08 0.10 + 0.02 0.15 0.05 15.51 14.34 14.43 - 1.04 18.78 11.00 11.61 11.15 11.19 - 0.42 14.66 8.42 0.31 0.29 0.30 unch 0.00 0.57 0.22 0.23 0.21 0.23 - 0.00 0.45 0.17 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.04 unch 0.00 0.08 0.03 0.07 0.06 0.07 + 0.01 0.40 0.02 0.05 0.05 0.05 unch 0.00 0.31 0.02 0.02 0.02 0.02 + 0.00 0.04 0.00 0.04 0.03 0.03 - 0.01 0.04 0.02 0.13 0.10 0.13 + 0.03 0.20 0.06 0.06 0.05 0.05 - 0.01 0.11 0.05 0.05 0.04 0.04 - 0.01 0.08 0.03 0.38 0.36 0.37 - 0.01 0.57 0.26 0.29 0.26 0.28 - 0.00 0.46 0.19 0.09 0.07 0.08 unch 0.00 0.21 0.06 0.03 0.03 0.03 - 0.01 0.24 0.03 0.03 0.02 0.02 - 0.00 0.18 0.02 0.14 0.12 0.13 + 0.01 0.54 0.08 1.60 1.48 1.50 - 0.08 3.20 1.40 0.10 0.10 0.10 unch 0.00 0.26 0.09 6.17 5.39 5.48 - 0.55 6.22 3.24 4.62 4.03 4.09 - 0.44 4.67 2.43 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.04 0.04 - 0.01 0.08 0.04 0.36 0.34 0.35 unch 0.00 0.39 0.22 0.28 0.25 0.26 - 0.01 0.30 0.16 0.09 0.07 0.07 - 0.02 1.42 0.07 0.11 0.10 0.10 - 0.01 1.87 0.08 0.05 0.04 0.05 - 0.01 0.09 0.04 0.04 0.03 0.03 - 0.01 0.07 0.02 0.95 0.89 0.93 + 0.01 1.20 0.71 0.72 0.66 0.68 - 0.00 0.97 0.52 0.34 0.28 0.29 - 0.02 0.35 0.12 0.22 0.21 0.21 unch 0.00 0.23 0.09 0.15 0.13 0.14 + 0.01 0.22 0.12 0.20 0.17 0.18 - 0.01 0.32 0.14 0.10 0.08 0.10 + 0.01 0.26 0.08 0.09 0.00 0.08 unch 0.00 0.15 0.04 0.06 0.05 0.06 + 0.01 0.14 0.03 0.02 0.01 0.01 - 0.01 0.04 0.01 0.13 0.11 0.12 + 0.00 0.14 0.02 0.17 0.16 0.17 + 0.01 0.19 0.04 0.03 0.03 0.03 unch 0.00 0.12 0.03 0.05 0.04 0.05 - 0.01 0.18 0.04 0.04 0.00 0.04 - 0.01 0.25 0.04 0.12 0.00 0.12 unch 0.00 0.40 0.11 0.08 0.07 0.07 - 0.01 0.33 0.06 0.06 0.06 0.06 unch 0.00 0.21 0.04 0.08 0.07 0.08 + 0.01 0.10 0.05 0.15 0.13 0.13 - 0.02 0.20 0.09 0.20 0.17 0.18 - 0.02 0.26 0.12 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.04 0.03 0.03 - 0.01 0.09 0.03 0.04 0.04 0.04 unch 0.00 0.04 0.02 0.04 0.04 0.04 unch 0.00 0.06 0.03 2.61 2.36 2.45 - 0.22 3.44 1.57 3.52 3.12 3.26 - 0.27 4.67 2.03 0.12 0.11 0.11 - 0.01 0.27 0.10 0.09 0.09 0.09 - 0.00 0.22 0.08 0.08 0.07 0.07 - 0.01 0.25 0.06 0.10 0.09 0.10 - 0.01 0.34 0.08 0.21 0.18 0.20 - 0.02 0.23 0.09 0.04 0.04 0.04 + 0.00 0.35 0.01 0.05 0.00 0.05 unch 0.00 0.42 0.02 0.37 0.27 0.35 + 0.03 0.80 0.24 0.28 0.22 0.24 + 0.00 1.00 0.00 0.08 0.06 0.07 - 0.01 0.21 0.06 0.06 0.04 0.04 - 0.02 0.15 0.04 0.06 0.05 0.05 unch 0.00 0.15 0.04 3.05 2.90 2.91 - 0.09 4.08 0.42 2.29 2.19 2.22 - 0.01 3.09 0.34 0.05 0.03 0.04 - 0.00 0.10 0.01 1.18 1.11 1.13 - 0.03 1.68 0.70 0.89 0.83 0.84 - 0.03 1.32 0.54 0.03 0.02 0.02 - 0.01 0.03 0.01 0.11 0.00 0.11 - 0.05 0.35 0.04 0.03 0.03 0.03 + 0.01 0.05 0.02 0.06 0.00 0.06 + 0.01 0.07 0.04 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.00 0.00 0.48 unch 0.00 2.28 0.20 0.07 0.06 0.07 - 0.01 0.13 0.05 0.06 0.05 0.06 - 0.00 0.08 0.04 0.05 0.00 0.05 unch 0.00 0.15 0.05 0.00 0.00 0.30 unch 0.00 0.70 0.12 0.12 0.11 0.11 - 0.02 0.21 0.05 0.09 0.08 0.08 - 0.00 0.17 0.04 0.05 0.05 0.05 unch 0.00 0.15 0.05 0.09 0.08 0.08 - 0.01 0.20 0.08 0.11 0.10 0.10 - 0.01 0.19 0.09 0.14 0.13 0.14 - 0.01 0.24 0.12 0.08 0.00 0.06 - 0.02 0.12 0.05 0.10 0.09 0.09 - 0.01 0.16 0.07 0.17 0.16 0.17 + 0.01 0.26 0.16 0.88 0.81 0.87 + 0.03 2.15 0.41 0.66 0.62 0.65 - 0.03 1.62 0.31 0.06 0.04 0.05 + 0.00 0.29 0.04 0.08 0.07 0.07 + 0.01 0.39 0.06 0.42 0.40 0.40 - 0.01 0.55 0.22 1.02 0.92 0.92 - 0.06 5.42 0.91 0.19 0.17 0.18 - 0.02 0.39 0.17

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Guyana Goldstr* O 30 Handa Mining* O 0 Handa Mining V 79 Handeni Gold* O 2 V 31 Hannan Metals O 40 Hannan Metals* Happy Ck Mnrls V 36 V 61 Harfang Explor Harmony Gold* N 12812 Harte Gold T 1458 Harte Gold* O 385 Harvest Gold* O 61 Harvest Gold V 433 Havilah Mining V 100 O 21 Havilah Mining* V 372 Hawkeye Gld&Di Hawkeye Gld&Di* O 10 V 237 Heatherdale Rs Hecla Mining* N 20184 Helio Res V 3 Hemcare Health* O 63 Heron Res* O 1 HFX Holding V 20 Highbank Res V 260 Highland Copp V 375 O 502 Highland Copp* Highway 50 Gld V 191 Highway 50 Gld* O 182 HiHo Silver 166 V 16 Hinterland Mtl Hochschild Mg* O 8 O 389 Homeland Egy* Honey Badger E V 95 T 499 Horizonte Mnls Hornby Bay Mnl* O 21 63 Hornby Bay Mnl V HudBay Min* N 4182 HudBay Min T 5393 Hudson Res V 203 Hudson Res* O 135 Hunt Mng* O 50 Hunt Mng V 31 29 Hut 8 Mining* O Hut 8 Mining V 226 V 32 Hybrid Mineral

0.14 0.13 0.13 - 0.01 0.28 0.13 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.03 0.03 0.03 - 0.01 0.08 0.03 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.10 0.10 0.10 unch 0.00 0.23 0.05 0.08 0.08 0.08 + 0.01 0.19 0.04 0.17 0.16 0.16 unch 0.00 0.20 0.13 0.23 0.20 0.22 - 0.01 0.30 0.18 1.93 1.81 1.82 - 0.10 2.21 1.43 0.28 0.26 0.26 - 0.03 0.55 0.26 0.21 0.19 0.20 - 0.01 0.38 0.20 0.02 0.01 0.01 - 0.01 0.08 0.01 0.02 0.00 0.02 unch 0.00 0.10 0.02 0.30 0.00 0.30 + 0.03 0.69 0.25 0.21 0.19 0.19 - 0.01 0.35 0.18 0.04 0.04 0.04 - 0.01 0.11 0.03 0.00 0.00 0.00 unch 0.00 0.04 0.00 0.04 0.03 0.04 - 0.01 0.06 0.02 2.34 2.13 2.15 - 0.08 4.15 2.17 0.07 0.00 0.07 unch 0.00 0.14 0.06 1.52 1.20 1.38 - 0.11 1.52 0.05 0.41 0.41 0.41 - 0.01 0.49 0.35 0.06 0.06 0.06 unch 0.00 0.07 0.05 0.03 0.03 0.03 unch 0.00 0.05 0.01 0.07 0.05 0.06 unch 0.00 0.14 0.05 0.05 0.04 0.05 + 0.01 0.12 0.04 0.22 0.20 0.22 unch 0.00 0.48 0.14 0.17 0.17 0.17 + 0.00 0.37 0.10 0.04 0.00 0.03 unch 0.00 0.11 0.02 0.22 0.20 0.20 unch 0.00 0.35 0.10 2.52 2.47 2.47 - 0.21 2.98 1.96 2.38 1.99 2.12 - 0.16 3.21 0.18 0.04 0.03 0.03 - 0.01 0.20 0.03 0.04 0.04 0.04 unch 0.00 0.09 0.03 0.02 0.01 0.01 - 0.01 0.04 0.01 0.03 0.03 0.03 unch 0.00 0.06 0.02 7.73 7.22 7.27 - 0.38 7.83 3.44 10.28 9.65 9.71 - 0.49 10.42 4.51 0.37 0.35 0.37 - 0.01 0.53 0.35 0.29 0.27 0.29 + 0.02 0.43 0.27 0.11 0.08 0.10 - 0.01 0.34 0.07 0.13 0.13 0.13 unch 0.00 0.36 0.10 1.10 0.97 1.09 + 0.03 3.50 0.60 1.48 1.30 1.45 + 0.03 4.70 0.76 0.06 0.06 0.06 unch 0.00 0.45 0.06

I-Minerals* O 8 I-Minerals V 4 IAMGOLD T 5702 18597 IAMGOLD* N Icon Explor* O 14 Iconic Mnls * O 37 Iconic Mnls V 47 IEMR Res V 40 iMetal Res V 663 iMetal Res* O 41 IMPACT Silver V 97 Imperial Metal T 59 O 12 Imperial Metal* Imperial Mg Gr V 104 Inca One Gold* O 76 Inca One Gold V 24 32 Inception Mng * O V 88 Independence G Independence G* O 20 Indigo Expl V 112 Infinite Lith V 112 Infinite Lith* O 1 Infrastructure* O 4 Inomin Mines V 49 Inspiration Mg* O 2 Intact Gold* O 3 Intact Gold V 75 Integra Res* O 52 Integra Res V 189 V 4 Inter-Rock Mnl Interconnect V 6 Intercontinent V 28 Intercontinent* O 0 Intgr Egy Sol* O 1120 Intl Battery* O 177 Intl Battery 66 Intl Bethl Mng V 205 Intl Cobalt* O 96 Intl Cobalt 432 Intl Lithium* O 48 Intl Lithium V 199 Intl Montoro* O 19 Intl Montoro V 347 Intl Prospect * O 1 Intl Prospect V 38 Intl Samuel Ex V 26 59371 Intl Star* O Intl Tower Hil* X 157 29 Intl Tower Hil T Intl Zeolite V 264 Intl Zeolite* O 38 Intrepid Pots* N 1070 INV Metals* O 11 INV Metals T 43 Inventus Mg V 122 Inventus Mg * O 40 O 50 InZinc Mining* InZinc Mining V 819 O 64 Ireland* Irving Res 69 Irving Res* O 27 IsoEnergy Ltd V 383 O 481 Itafos* Itafos V 505 Itoco Inc* O 1 Ivanhoe Mines* O 248 T 3468 Ivanhoe Mines Jade Leader* O 395 Jade Leader V 82 Jaeger Res V 2 Jaguar Mng T 277 Jaguar Mng* O 48 Japan Gold V 64 Japan Gold* O 128 V 100 Jasper Mining Jaxon Mining* O 40 Jaxon Mining V 96 Jayden Res V 65 JDF Explor Inc 8 Jiulian Res V 275 Jourdan Res V 116 V 289 Juggernaut Exp Juggernaut Exp* O 20 K2 Gold V 61 K92 Mining* O 377 K92 Mining V 1296 Kaizen Discov V 167 Kal Minerals 1 Kapuskasing Gd V 744 Karmin Expl V 33 Karnalyte Res T 33 Karoo Expl V 205 KAT Expl* O 12320 Katanga Mng T 765 Kenadyr Mining V 195 O 0 Kenadyr Mining* Kermode Res V 69 Kerr Mines* O 80 Kerr Mines T 134 V 780 Kesselrun Res Kestrel Gold V 150 V 87 Kilo Goldmines Kilo Goldmines* O 60 V 64 Kincora Copper Kingsmen Res V 10 O 3 Kingsmen Res* Kinross Gold T 10742 32475 Kinross Gold* N Kintavar Exp V 409 Kirkland Lake* N 4682 Kirkland Lake T 3721 O 263 Klondike Gold* Klondike Gold V 313 Klondike Silv* O 33 Klondike Silv V 1878 Knick Expl V 2104 Kombat Copper V 97 O 44 Kombat Copper* Komet Resource V 592 O 46 Kootenay Silvr* Kootenay Silvr V 235 Kootenay Zinc 131 Kootenay Zinc* O 3 KOPR Point 4 Kore Mining V 216

0.07 0.07 0.07 unch 0.00 0.23 0.05 0.09 0.09 0.09 - 0.01 0.28 0.07 4.44 4.07 4.09 - 0.37 8.20 3.64 3.31 3.04 3.05 - 0.29 6.33 2.75 0.11 0.10 0.10 - 0.01 0.21 0.09 0.11 0.10 0.11 + 0.00 0.14 0.06 0.14 0.12 0.14 + 0.02 0.19 0.08 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.09 0.07 0.08 - 0.01 0.19 0.07 0.06 0.06 0.06 - 0.01 0.14 0.05 0.30 0.27 0.29 - 0.01 0.56 0.20 2.76 2.52 2.52 - 0.23 3.50 0.93 2.01 0.00 2.01 + 0.02 2.60 0.72 0.08 0.08 0.08 unch 0.00 0.12 0.05 0.04 0.03 0.04 + 0.00 0.06 0.02 0.05 0.05 0.05 unch 0.00 0.07 0.04 0.35 0.00 0.34 - 0.01 0.55 0.00 0.08 0.07 0.07 - 0.01 0.11 0.04 0.05 0.05 0.05 - 0.01 0.08 0.03 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.07 0.07 0.07 unch 0.00 0.18 0.06 0.05 0.05 0.05 unch 0.00 0.15 0.05 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.03 0.03 0.03 unch 0.00 0.13 0.03 0.03 0.00 0.03 + 0.03 0.08 0.00 0.07 0.07 0.07 + 0.02 0.65 0.05 0.09 0.00 0.08 - 0.01 1.18 0.06 0.57 0.52 0.53 - 0.01 0.80 0.44 0.74 0.70 0.71 unch 0.00 1.01 0.61 0.27 0.27 0.27 unch 0.00 0.47 0.20 0.07 0.07 0.07 unch 0.00 0.11 0.04 0.14 0.00 0.14 - 0.03 0.65 0.12 0.10 0.10 0.10 unch 0.00 0.47 0.10 0.00 0.00 0.00 - 0.00 0.00 0.00 0.13 0.11 0.12 - 0.01 0.46 0.10 0.17 0.16 0.16 - 0.01 0.54 0.13 0.04 0.00 0.04 - 0.01 0.09 0.03 0.03 0.02 0.02 - 0.01 0.20 0.02 0.03 0.00 0.03 unch 0.00 0.25 0.03 0.04 0.04 0.04 - 0.00 0.09 0.02 0.07 0.06 0.06 - 0.01 0.12 0.03 0.04 0.04 0.04 - 0.00 0.06 0.03 0.06 0.05 0.05 - 0.01 0.09 0.04 0.11 0.00 0.11 unch 0.00 0.25 0.10 0.16 0.00 0.16 unch 0.00 0.38 0.12 0.03 0.03 0.03 unch 0.00 0.13 0.02 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.49 0.47 0.49 + 0.01 0.77 0.35 0.65 0.63 0.63 - 0.01 0.94 0.48 0.12 0.10 0.11 - 0.01 0.38 0.05 0.09 0.08 0.08 + 0.00 0.28 0.01 3.91 3.80 3.81 - 0.07 5.31 2.51 0.37 0.33 0.34 - 0.03 0.59 0.26 0.50 0.45 0.46 - 0.04 0.83 0.35 0.13 0.12 0.13 - 0.01 0.25 0.11 0.11 0.11 0.11 unch 0.00 0.18 0.08 0.04 0.04 0.04 + 0.00 0.10 0.02 0.07 0.05 0.05 - 0.01 0.14 0.04 0.17 0.11 0.16 - 0.01 0.20 0.03 1.84 1.67 1.67 - 0.01 2.39 0.91 1.38 1.25 1.27 - 0.00 1.82 0.70 0.61 0.54 0.57 - 0.04 0.66 0.28 0.57 0.56 0.56 - 0.01 2.18 0.47 0.75 0.75 0.75 unch 0.00 2.74 0.63 0.23 0.23 0.23 unch 0.00 0.29 0.02 2.40 2.25 2.30 + 0.00 2.77 1.50 3.19 3.02 3.06 + 0.01 3.59 2.00 0.20 0.18 0.20 - 0.00 0.34 0.13 0.26 0.00 0.26 unch 0.00 0.44 0.13 0.00 0.00 0.02 unch 0.00 0.05 0.02 0.13 0.12 0.12 - 0.01 0.40 0.11 0.10 0.09 0.09 - 0.00 0.31 0.08 0.21 0.20 0.20 - 0.01 0.38 0.07 0.16 0.15 0.15 - 0.00 0.28 0.06 0.09 0.08 0.08 - 0.01 0.29 0.08 0.05 0.05 0.05 - 0.00 0.12 0.04 0.06 0.05 0.06 + 0.01 0.16 0.05 0.02 0.01 0.02 + 0.01 0.20 0.01 0.05 0.05 0.05 unch 0.00 0.15 0.01 0.11 0.07 0.07 - 0.04 0.18 0.02 0.03 0.00 0.03 unch 0.00 0.09 0.03 0.08 0.08 0.08 unch 0.00 0.59 0.07 0.06 0.05 0.05 - 0.00 1.10 0.05 0.23 0.20 0.21 - 0.02 0.33 0.16 1.20 1.12 1.16 + 0.00 1.35 0.50 1.59 1.51 1.54 unch 0.00 1.75 0.66 0.06 0.05 0.05 - 0.01 0.11 0.05 0.00 0.00 0.25 unch 0.00 0.25 0.12 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.80 0.76 0.76 - 0.04 1.10 0.60 0.22 0.19 0.19 - 0.03 0.61 0.17 0.08 0.07 0.08 unch 0.00 0.80 0.06 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.49 0.46 0.48 + 0.01 1.85 0.36 0.08 0.00 0.07 - 0.01 0.21 0.06 0.00 0.00 0.06 unch 0.00 0.16 0.04 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.11 0.09 0.10 + 0.00 0.19 0.07 0.14 0.12 0.14 + 0.01 0.25 0.11 0.06 0.05 0.06 unch 0.00 0.14 0.03 0.02 0.02 0.02 - 0.01 0.05 0.01 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.11 0.09 0.10 unch 0.00 0.29 0.08 0.70 0.69 0.69 - 0.01 0.70 0.15 0.52 0.50 0.52 - 0.00 0.52 0.11 4.70 4.30 4.33 - 0.29 5.34 3.15 3.52 3.21 3.23 - 0.24 4.12 2.38 0.19 0.17 0.17 - 0.01 0.46 0.11 32.29 30.85 31.32 - 0.30 36.74 15.80 43.22 41.13 41.94 - 0.26 48.48 20.35 0.17 0.15 0.16 + 0.00 0.34 0.10 0.24 0.20 0.20 - 0.02 0.44 0.17 0.04 0.03 0.04 + 0.00 0.06 0.02 0.05 0.04 0.05 unch 0.00 0.08 0.04 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.15 0.13 0.13 - 0.03 0.25 0.05 0.09 0.08 0.09 unch 0.00 0.18 0.05 0.14 0.11 0.12 unch 0.00 0.38 0.11 0.09 0.08 0.08 - 0.01 0.15 0.08 0.14 0.12 0.12 unch 0.00 0.19 0.11 0.11 0.00 0.10 - 0.03 0.29 0.05 0.11 0.07 0.07 - 0.04 0.17 0.03 0.16 0.14 0.14 - 0.04 4.10 0.01 0.28 0.24 0.28 + 0.01 0.35 0.08

I-J-K

(100s) Stock

Week

21

12-month

Exc Volume High Low Last Change High Low

Kore Mining * O 20 63 Kutcho Copper * O KWG Res* O 8 KWG Res 963

0.21 0.21 0.21 + 0.02 0.21 0.09 0.19 0.16 0.19 unch 0.00 0.50 0.14 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.01 0.01 0.01 + 0.01 0.02 0.01

Labdr Iron Mns* O 32 Labrador Gold V 126 O 20 Labrador Gold* Labrador Iron T 747 Lara Expl V 25 Laramide Res T 277 Laredo Res* O 1235 Largo Res T 8862 Largo Res* O 2838 Lateral Gold V 62 Latin Am Mnls V 195 Laurion Mnl Ex V 206 46 Laurion Mnl Ex* O Le Mare Gold* O 51 Le Mare Gold V 26 Leading Edge V 52 O 98 Leading Edge* Leagold Mg T 524 Leagold Mg* O 225 Leeta Gold V 4222 Legion Metals 18407 Leo Res* O 102 17 Levon Res Ltd * O Levon Res Ltd T 115 Libero Copper* O 45 V 282 Libero Copper Liberty Gold* O 340 Liberty One Li V 174 Liberty One Li* O 157 LiCo Energy* O 71 LiCo Energy V 49 Lincoln Mng V 8 Lion One Mtls V 749 Lion One Mtls* O 638 Lions Bay Cap V 242 Lions Bay Mg 5 Lions Bay Mg * O 3 Lithion Energy* O 13 Lithium Amer* N 1012 Lithium Amer T 854 Lithium Chile* O 68 Lithium Chile V 259 Lithium Corp* O 259 Lithium Energi V 102 Lithium Expl* O 172 Lithoquest Dia V 71 Lithoquest Dia* O 40 LKA Gold* O 1 O 17 Lode-Star Mg* Lomiko Mtls* O 7 Lomiko Mtls V 1008 Loncor Res* O 2044 Loncor Res T 901 Lone Star Gold* O 1 Lonmin plc* O 19 Lonmin plc* O 1 Los Andes Copp V 183 Lovitt Res* O 7 Lucara Diam T 355 Lucky Mnls * O 27 Lucky Mnls V 51 Luckystrike * O 0 Luckystrike V 8 Lumina Gold* O 55 Lumina Gold V 535 Luminex Res V 32 Lundin Gold T 142 Lundin Mng* O 153 Lundin Mng T 16847 Lupaka Gold V 137 Lydian Intl T 2617 Lydian Intl* O 302 Lynas Corp* O 42 Lynas Corp* O 33

0.00 0.00 0.00 + 0.00 0.11 0.00 0.22 0.20 0.22 + 0.02 0.33 0.14 0.14 0.14 0.14 unch 0.00 0.21 0.12 32.74 30.90 31.77 - 0.29 33.81 20.59 0.56 0.00 0.55 + 0.01 0.74 0.41 0.42 0.39 0.40 - 0.01 0.52 0.24 0.00 0.00 0.00 + 0.00 0.05 0.00 1.99 1.63 1.66 - 0.31 4.65 1.44 1.52 1.22 1.25 - 0.25 3.56 1.09 0.34 0.28 0.28 unch 0.00 0.89 0.20 0.02 0.01 0.02 unch 0.00 0.08 0.01 0.11 0.10 0.11 + 0.01 0.11 0.05 0.08 0.08 0.08 + 0.01 0.08 0.04 0.06 0.06 0.06 + 0.00 0.30 0.00 0.08 0.00 0.07 - 0.02 0.18 0.06 0.16 0.14 0.15 - 0.01 0.81 0.14 0.12 0.09 0.10 - 0.01 0.63 0.09 1.73 1.52 1.52 - 0.16 3.17 1.28 1.28 1.13 1.13 - 0.12 2.63 0.95 0.77 0.69 0.74 unch 0.00 1.76 0.24 0.68 0.42 0.60 + 0.14 0.68 0.18 0.06 0.04 0.04 - 0.00 0.60 0.01 0.09 0.08 0.08 - 0.00 0.22 0.08 0.12 0.11 0.12 + 0.01 0.29 0.11 0.09 0.08 0.09 + 0.01 0.19 0.04 0.11 0.10 0.11 + 0.01 0.15 0.07 0.30 0.27 0.29 + 0.00 0.35 0.21 0.14 0.12 0.12 - 0.03 0.44 0.07 0.11 0.08 0.08 - 0.00 0.35 0.04 0.08 0.06 0.06 - 0.00 0.18 0.01 0.09 0.00 0.08 - 0.02 0.90 0.07 0.02 0.00 0.02 unch 0.00 0.03 0.01 0.79 0.72 0.73 unch 0.00 0.76 0.35 0.59 0.53 0.55 + 0.02 0.61 0.24 0.07 0.06 0.07 + 0.01 0.12 0.04 0.15 0.00 0.06 - 0.12 0.20 0.06 0.14 0.00 0.05 - 0.07 0.14 0.00 0.15 0.08 0.15 + 0.06 0.15 0.02 4.70 3.95 4.01 - 0.58 6.87 2.75 6.18 5.25 5.34 - 0.80 8.85 3.74 0.43 0.38 0.43 + 0.02 0.97 0.34 0.58 0.51 0.56 + 0.04 1.10 0.46 0.12 0.10 0.11 - 0.01 0.45 0.10 0.19 0.00 0.19 + 0.01 0.41 0.15 0.01 0.00 0.01 - 0.00 0.03 0.00 0.10 0.10 0.10 unch 0.00 0.67 0.08 0.07 0.07 0.07 unch 0.00 0.41 0.06 0.20 0.20 0.20 + 0.04 0.43 0.05 0.15 0.06 0.06 - 0.05 0.15 0.02 0.04 0.03 0.04 + 0.01 0.07 0.02 0.06 0.06 0.06 unch 0.00 0.09 0.04 0.06 0.06 0.06 + 0.00 0.09 0.04 0.07 0.07 0.07 unch 0.00 0.14 0.06 1.10 0.91 1.05 + 0.05 2.12 0.05 0.99 0.00 0.99 + 0.07 1.15 0.45 0.82 0.82 0.82 unch 0.00 0.93 0.53 0.30 0.25 0.25 - 0.04 0.35 0.15 0.25 0.25 0.25 unch 0.00 0.31 0.00 1.62 1.55 1.59 - 0.01 2.39 1.38 0.08 0.07 0.07 - 0.00 0.16 0.06 0.10 0.10 0.10 - 0.01 0.21 0.09 0.10 0.00 0.10 unch 0.00 0.35 0.10 0.18 0.00 0.16 - 0.02 0.55 0.13 0.46 0.43 0.46 + 0.03 1.03 0.35 0.61 0.57 0.61 + 0.02 0.85 0.46 0.70 0.68 0.70 - 0.01 1.05 0.51 5.31 5.08 5.18 - 0.08 5.90 4.33 5.94 5.25 5.74 + 0.63 6.93 3.60 7.96 7.17 7.70 + 0.87 8.96 4.70 0.08 0.00 0.07 - 0.01 0.24 0.07 0.19 0.15 0.17 - 0.02 0.48 0.07 0.13 0.12 0.13 + 0.01 0.38 0.05 1.46 1.42 1.44 - 0.03 2.20 1.05 1.46 1.38 1.39 - 0.06 2.20 1.05

L

M M.P.V. Explor 200 0.12 0.10 0.10 - 0.02 0.30 0.06 M2 Cobalt* O 1 0.14 0.14 0.14 unch 0.00 0.75 0.12 Macarthur Mnl V 3514 0.12 0.10 0.10 - 0.01 0.17 0.02 Macarthur Mnl* O 1214 0.09 0.07 0.08 - 0.01 0.31 0.01 O 1 0.04 0.04 0.04 unch 0.00 0.07 0.02 MacDonald Mns* V 530 0.04 0.03 0.04 - 0.01 0.08 0.03 MacDonald Mns Madeira Mrnls V 8 0.03 0.03 0.03 unch 0.00 0.04 0.02 MAG Silver T 688 13.13 12.14 12.27 - 0.68 15.59 8.10 O 6 2.81 0.00 1.99 + 0.29 3.80 0.61 Magellan Gold* Magna Terra V 103 0.04 0.03 0.04 unch 0.00 0.06 0.03 Magnitude Mng V 104 0.20 0.14 0.14 - 0.01 0.30 0.14 Majestic Gold* O 88 0.04 0.04 0.04 unch 0.00 0.08 0.04 unch 0.00 0.11 0.05 Majestic Gold V 484 0.07 0.06 0.06 Makena Res* O 370 0.09 0.08 0.08 - 0.00 0.09 0.03 Mako Mining V 862 0.13 0.11 0.11 - 0.02 0.29 0.12 Mako Mining* O 319 0.10 0.08 0.09 - 0.01 0.23 0.01 Mammoth Res V 488 0.04 0.03 0.03 - 0.01 0.09 0.03 Mandalay Res T 476 0.12 0.10 0.11 unch 0.00 0.25 0.05 Mandalay Res* O 67 0.08 0.07 0.08 + 0.01 0.20 0.03 Manganese X* O 8 0.12 0.12 0.12 unch 0.00 0.16 0.07 Manganese X V 77 0.16 0.15 0.15 - 0.01 0.20 0.08 Mangazeya Mng V 54 0.04 0.04 0.04 + 0.01 0.05 0.02 Mangazeya Mng* O 24 0.03 0.00 0.03 + 0.01 0.03 0.01 Manitou Gold V 298 0.05 0.05 0.05 + 0.01 0.12 0.03 Maple Gold V 238 0.09 0.08 0.08 - 0.01 0.28 0.08 0.06 Maple Gold* O 103 0.07 0.06 0.06 - 0.00 0.22 Marathon Gold* O 81 0.69 0.64 0.64 - 0.05 0.95 0.49 Marathon Gold T 288 0.91 0.86 0.87 - 0.06 1.20 0.65 Margaret Lake* O 2 0.06 0.06 0.06 unch 0.00 0.12 0.02 Margaret Lake V 286 0.08 0.08 0.08 - 0.01 0.16 0.02 Margaux Res V 345 0.07 0.06 0.06 - 0.01 0.26 0.03 Margaux Res* O 36 0.04 0.04 0.04 unch 0.00 0.17 0.01 Marifil Mines V 170 0.12 0.12 0.12 + 0.01 0.22 0.05 Marifil Mines* O 126 0.10 0.09 0.10 + 0.01 0.15 0.01 unch 0.00 0.14 0.07 Maritime Res V 609 0.11 0.10 0.10 MartinMarietta* N 1946 213.17 207.74 211.57 - 0.59 232.89 150.75 Mas Gold V 63 0.10 0.10 0.10 unch 0.00 0.16 0.04 Mason Graphite* O 64 0.30 0.29 0.29 - 0.01 1.49 0.28 Mason Graphite V 247 0.40 0.39 0.39 - 0.01 1.90 0.36 Matachewan Con V 50 0.15 0.00 0.15 unch 0.00 0.29 0.15 Matica Ent 4648 0.12 0.09 0.11 + 0.01 0.32 0.07 Maverix Metals V 58 2.78 2.66 2.69 - 0.08 2.86 1.33 Maverix Metals* O 18 2.06 1.99 2.01 + 0.03 2.18 1.03 Mawson Res T 163 0.24 0.19 0.20 - 0.02 0.39 0.19 Mawson Res* O 23 0.16 0.14 0.15 - 0.01 0.31 0.13 MAX Res V 14039 0.35 0.22 0.25 - 0.04 0.50 0.12 MaxTech Vent* O 123 0.05 0.04 0.04 + 0.01 0.34 0.03 MaxTech Vent 194 0.08 0.05 0.07 + 0.02 0.43 0.04 Maxwell Res* O 571 0.01 0.00 0.00 unch 0.00 0.02 0.00 Maya Gold &Sil T 52 2.30 2.00 2.00 - 0.21 3.02 1.58 Maya Gold &Sil* O 1 1.66 1.66 1.66 - 0.02 2.30 1.20 unch 0.00 0.18 0.05 Mazarin V 23 0.12 0.10 0.12 MBMI Res* O 78 0.01 0.01 0.01 unch 0.00 1.00 0.01 MBMI Res V 76 0.02 0.02 0.02 unch 0.00 0.07 0.02 McChip Res V 8 0.74 0.73 0.74 + 0.01 0.93 0.52 1.81 McEwen Mng T 477 1.93 1.81 1.85 + 0.02 3.28 McEwen Mng* N 7154 1.45 1.34 1.39 + 0.02 2.52 1.35 McLaren Res 209 0.03 0.03 0.03 - 0.01 0.10 0.02 MDN Inc* O 4 0.14 0.14 0.14 unch 0.00 0.23 0.13 49 0.05 0.04 0.04 + 0.01 0.20 0.03 Meadow Bay Gd Meadow Bay Gd* O 30 0.03 0.03 0.03 unch 0.00 0.14 0.02 Mechel* N 100 2.12 2.05 2.07 - 0.05 3.99 1.95 Medallion Res V 271 0.11 0.10 0.10 - 0.01 0.17 0.08 Medallion Res* O 23 0.08 0.07 0.08 + 0.01 0.13 0.06 Medgold Res V 90 0.12 0.11 0.11 - 0.01 0.51 0.11 O 40 0.09 0.09 0.09 unch 0.00 0.38 0.09 Medgold Res* Medinah Mnrls* O 432 0.00 0.00 0.00 + 0.00 0.01 0.00 Mega Uranium T 908 0.11 0.10 0.10 unch 0.00 0.18 0.10 Mega Uranium* O 1082 0.08 0.07 0.07 - 0.00 0.14 0.07 Megastar Dev V 316 0.07 0.07 0.07 unch 0.00 0.11 0.04 MegumaGold* O 1 0.10 0.10 0.10 unch 0.00 0.21 0.09 MegumaGold 27 0.13 0.12 0.12 unch 0.00 0.30 0.12 Melior Res V 2 0.35 0.35 0.35 unch 0.00 1.45 0.33 Melkior Res V 516 0.05 0.05 0.05 - 0.01 0.13 0.04 Meridian Mg V 486 0.07 0.07 0.07 unch 0.00 0.55 0.05 Meridius Res V 54 0.19 0.09 0.19 unch 0.00 0.22 0.09 Meryllion Res 1291 0.02 0.01 0.02 + 0.01 0.04 0.01 Meryllion Res* O 6 0.00 0.00 0.00 unch 0.00 0.02 0.00 MetalCorp V 920 0.01 0.01 0.01 unch 0.00 0.03 0.01 Metalex Vent V 274 0.06 0.05 0.05 unch 0.00 0.06 0.02 Metalla Rylty V 730 1.25 1.07 1.07 - 0.15 1.43 0.63 Metalla Rylty* O 902 0.94 0.80 0.83 - 0.10 1.08 0.48 Metallic Mnrls V 190 0.15 0.14 0.14 - 0.02 0.36 0.14 Metallic Mnrls* O 6 0.12 0.10 0.10 - 0.02 0.29 0.10 Metallis Res V 17 0.53 0.45 0.50 - 0.03 1.53 0.39 Metalo Manuf 21 0.21 0.15 0.21 + 0.05 0.49 0.10 Metalore Res* O 2 0.79 0.79 0.79 unch 0.00 2.19 0.79 Metalore Res V 2 1.56 1.55 1.56 unch 0.00 2.85 1.25 Metals Creek* O 11 0.03 0.03 0.03 - 0.00 0.08 0.02

2019-04-22 10:52 AM

22

WWW.NORTHERNMINER.COM

APRIL 29–MAY 12, 2019 / THE NORTHERN MINER

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

Week

12-month

Exc Volume High Low Last Change High Low

Metals Creek V 423 Metals X* O 1 Metron Capital V 20 Mexican Gold* O 81 Mexus Gold* O 644 MGX Minerals* O 553 MGX Minerals 958 Midas Gold T 684 Midas Gold* O 1005 Midland Expl V 1579 Midnight Star 473 Midnight Sun V 270 Millennial Lit* O 33 Millennial Lit V 284 Millrock Res* O 303 Millrock Res V 567 Minaurum Gold V 310 O 188 Minaurum Gold* Minco Silver* O 14 Minco Silver T 8 85 Minera Alamos * O V 890 Minera Alamos Minera IRL 359 Mineral Mtn* O 361 Mineral Mtn V 580 Mineral Res* O 0 MineralRite* O 7400 Mineworx Tech V 513 Mineworx Tech* O 209 V 146 Minfocus Expl O 224 Minfocus Expl* Mining Global* O 8000 Minnova Corp V 172 Minsud Res V 20 Miramont Res* O 441 Miramont Res 2297 Mirasol Res V 380 Mistango River 100 MK2 Ventures V 72 Mkango Res V 112 ML Gold* O 11 ML Gold Corp V 737 O 48 Monarca Mnrls* V 82 Monarca Mnrls Monarch Gold* O 211 T 259 Monarch Gold O 16 Moneta Porcpn* Moneta Porcpn T 302 Monitor Vent* O 3 Monitor Vent V 5 O 0 Monster Uran* Monster Uran V 0 Montego Res 22 Monterey Min 140 V 66 Montero Mg&Ex V 1185 Monument Mng Morien Res* O 1 Morien Res V 53 N 14321 Mosaic* Mountain Boy V 116 T 2675 Mountain Prov Mountain Prov* D 308 O 273 Mundoro Cap* Mundoro Cap V 355 Murchison Min V 96 MX Gold* O 23

0.04 0.03 0.04 + 0.01 0.11 0.03 0.20 0.00 0.20 + 0.03 0.72 0.15 0.06 0.06 0.06 + 0.01 0.07 0.05 0.08 0.07 0.08 - 0.01 0.34 0.07 0.01 0.01 0.01 - 0.00 0.03 0.00 0.23 0.19 0.22 + 0.02 1.08 0.16 0.30 0.26 0.29 + 0.01 1.39 0.22 0.78 0.67 0.68 - 0.10 1.21 0.60 0.60 0.50 0.51 - 0.08 0.95 0.46 1.46 1.26 1.29 + 0.04 1.46 0.66 0.22 0.17 0.21 + 0.05 0.40 0.11 0.13 0.11 0.12 + 0.01 0.33 0.10 1.50 1.13 1.32 + 0.17 2.37 0.67 1.92 1.50 1.75 + 0.18 3.05 1.04 0.06 0.05 0.05 - 0.01 0.31 0.05 0.08 0.07 0.07 - 0.01 0.40 0.07 0.42 0.40 0.40 - 0.02 0.67 0.39 0.33 0.30 0.31 - 0.01 0.51 0.29 0.41 0.37 0.40 - 0.01 0.60 0.24 0.57 0.53 0.54 unch 0.00 0.77 0.35 0.09 0.08 0.08 - 0.01 0.12 0.06 0.11 0.10 0.11 unch 0.00 0.15 0.09 0.10 0.06 0.07 unch 0.00 0.12 0.05 0.13 0.10 0.11 - 0.01 0.60 0.05 0.17 0.13 0.14 - 0.01 0.65 0.07 12.00 12.00 12.00 unch 0.00 15.00 9.85 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.12 0.10 0.11 - 0.01 0.23 0.09 0.09 0.07 0.08 + 0.00 0.20 0.07 0.07 0.07 0.07 + 0.01 0.18 0.03 0.05 0.04 0.05 - 0.00 0.07 0.03 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.20 0.12 0.20 + 0.05 0.93 0.12 0.07 0.07 0.07 unch 0.00 0.10 0.05 0.14 0.11 0.12 + 0.01 0.48 0.09 0.19 0.15 0.17 + 0.02 0.63 0.12 0.70 0.60 0.66 - 0.03 2.15 0.60 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.17 0.16 0.16 unch 0.00 0.39 0.15 0.15 0.12 0.12 - 0.02 0.19 0.10 0.10 0.10 0.10 unch 0.00 0.11 0.01 0.14 0.13 0.13 - 0.01 1.40 0.12 0.04 0.03 0.03 - 0.01 0.05 0.01 0.05 0.05 0.05 - 0.01 0.06 0.02 0.19 0.16 0.17 - 0.01 0.26 0.11 0.24 0.23 0.23 - 0.01 0.33 0.15 0.09 0.08 0.08 - 0.01 0.12 0.06 0.12 0.10 0.11 - 0.01 0.16 0.07 0.14 0.00 0.13 - 0.08 0.80 0.12 0.21 0.00 0.21 unch 0.00 0.98 0.16 0.00 0.00 0.11 unch 0.00 0.11 0.04 0.00 0.00 0.15 unch 0.00 0.33 0.11 0.05 0.00 0.05 + 0.02 0.31 0.03 0.06 0.05 0.05 - 0.02 0.16 0.05 0.11 0.08 0.08 - 0.04 0.26 0.07 0.06 0.05 0.05 unch 0.00 0.08 0.05 0.37 0.37 0.37 + 0.00 0.49 0.30 0.47 0.47 0.47 unch 0.00 0.62 0.42 27.23 26.58 27.07 + 0.27 37.37 25.43 0.19 0.18 0.18 - 0.01 0.43 0.15 1.45 1.24 1.29 + 0.05 3.72 1.09 1.05 0.93 1.00 + 0.07 2.92 0.81 0.10 0.09 0.09 + 0.01 0.19 0.08 0.13 0.12 0.13 unch 0.00 0.25 0.10 0.09 0.08 0.08 - 0.01 0.19 0.06 0.01 0.00 0.00 - 0.00 0.04 0.00

NA Frac Sand* O 233 NACCO Ind* N 35 Namibia Crit V 41 Namibia Crit* O 201 Napier Vent V 23 Natural Res Pt* N 153 O 196 Nautilus Mnrls* Nemaska Lith T 7253 O 679 Nemaska Lith* Neo Lithium V 455 Neometals* O 11 O 120 Network Expl* Network Expl V 240 O 2 Nevada Canyon* Nevada Clean M* O 1395 Nevada Clean M V 1406 Nevada Copper T 1214 Nevada Energy* O 1 V 19 Nevada Energy 87 Nevada Expl * O Nevada Expl V 159 Nevada Sunrise* O 0 Nevada Sunrise V 102 Nevada Zinc V 198 Nevado Res V 16 34 New Age Metals* O New Age Metals V 657 New Carolin Gd* O 2 New Carolin Gd V 90 New Destiny Mg V 189 New Dimen Res V 447 New Dimen Res* O 36 New Energy Met V 84 New Gold* X 4825 New Gold T 1920 New Guinea Gld* O 520 New Jersey Mng* O 275 New Milln Iron* O 3 New Milln Iron T 534 New Nadina V 26 New Nadina* O 0 New Oroperu V 2 New Pac Metals* O 55 New Pac Metals V 25 New Point Expl* O 8 New Tech Min* O 1 New Tech Min 17 Newlox Gold 102 Newmont Mng* N 132885 Newport Expl V 24 Newport Gold* O 0 NewRange Gold* O 189 NewRange Gold V 1311 T 3 Nexa Resources Nexa Resources* N 325 Nexco Res 34 Nexgen Energy* X 1226 Nexgen Energy T 1653 NextSource Mat T 320 Nexus Gold* O 28 Nexus Gold V 454 NGEx Res* O 15 NGEx Res T 35 Nickel Creek T 222 Nickel Creek* O 552 Nickel North V 181 Nickel One Res V 2535 Nicola Mg Inc V 547 Nicola Mg Inc* O 0 Nighthawk Gold* O 30 Nighthawk Gold T 281 Niobay Metals V 101 Niocan Inc V 8 Niocorp Dev T 481 Niocorp Dev* O 738 Nippon Dragon V 149 Nippon Dragon* O 222 Nitinat Mnls* O 0 Nitinat Mnls V 154 Noble Metal V 68 Noble Metal * O 80 Noble Mineral* O 0 Noble Mineral V 287 Noka Res* O 187 Noram Vent* O 186 Noram Vent V 15 Noranda Alum* O 5 Nordic Gold* O 11 Nordic Gold V 1114 Noront Res V 1021 Norra Metals V 132 Nortec Mnls V 55 North Am Nickl V 456 North Am Nickl* O 91 North Am Pall T 938 North Am Pall* O 85 North Arrow Mn* O 25

0.01 0.01 0.01 + 0.00 0.01 0.00 41.86 39.77 41.29 + 1.03 41.86 28.77 0.15 0.11 0.13 + 0.02 0.46 0.08 0.12 0.08 0.12 + 0.04 2.77 0.06 0.29 0.20 0.25 - 0.04 0.49 0.19 42.19 40.92 42.08 + 0.45 42.50 28.40 0.02 0.01 0.02 + 0.02 0.19 0.00 0.33 0.27 0.27 - 0.05 1.35 0.27 0.24 0.20 0.20 - 0.03 1.07 0.21 0.99 0.86 0.88 - 0.08 1.80 0.55 0.19 0.14 0.19 + 0.02 0.39 0.10 0.35 0.31 0.33 + 0.01 0.41 0.19 0.46 0.42 0.44 + 0.02 0.50 0.23 0.04 0.04 0.04 unch 0.00 0.08 0.04 0.04 0.04 0.04 - 0.00 0.05 0.02 0.06 0.05 0.05 unch 0.00 0.06 0.03 0.45 0.40 0.43 + 0.02 0.72 0.33 0.09 0.00 0.08 - 0.00 0.20 0.07 0.12 0.12 0.12 - 0.02 0.29 0.10 0.25 0.21 0.23 - 0.01 0.39 0.09 0.32 0.28 0.30 - 0.01 0.50 0.12 0.06 0.00 0.06 + 0.00 0.15 0.04 0.08 0.07 0.08 unch 0.00 0.19 0.06 0.08 0.07 0.08 unch 0.00 0.22 0.07 0.16 0.16 0.16 - 0.01 0.80 0.09 0.06 0.04 0.05 - 0.00 0.09 0.03 0.07 0.06 0.07 unch 0.00 0.10 0.05 0.12 0.11 0.11 - 0.00 0.38 0.09 0.15 0.14 0.14 unch 0.00 0.53 0.13 0.15 0.13 0.14 unch 0.00 0.25 0.10 0.05 0.04 0.04 - 0.01 0.30 0.05 0.04 0.04 0.04 - 0.00 0.22 0.04 0.16 0.14 0.14 - 0.01 6.32 0.14 0.90 0.85 0.86 - 0.05 2.53 0.70 1.21 1.13 1.15 - 0.06 3.24 0.90 0.00 0.00 0.00 - 0.00 0.00 0.00 0.16 0.15 0.16 - 0.00 0.25 0.13 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.07 0.06 0.06 unch 0.00 0.11 0.04 0.09 0.09 0.09 unch 0.00 0.26 0.05 0.00 0.00 0.09 unch 0.00 0.19 0.03 0.29 0.00 0.29 + 0.02 0.40 0.22 1.82 1.71 1.72 - 0.08 1.89 0.86 2.41 2.30 2.30 - 0.09 2.51 1.18 0.13 0.13 0.13 unch 0.00 0.50 0.13 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.03 0.00 0.03 unch 0.00 0.08 0.02 0.04 0.04 0.04 unch 0.00 0.06 0.03 36.22 32.87 33.04 - 3.21 41.96 29.06 0.33 0.30 0.30 - 0.03 0.38 0.22 0.00 0.00 0.03 unch 0.00 0.04 0.02 0.13 0.10 0.10 - 0.03 0.21 0.04 0.19 0.14 0.15 - 0.03 0.28 0.07 17.05 16.45 16.51 - 0.02 23.30 11.00 12.75 12.28 12.33 - 0.23 18.30 8.22 0.07 0.07 0.07 unch 0.00 0.28 0.06 1.75 1.60 1.63 - 0.10 2.53 1.54 2.34 2.14 2.17 - 0.14 3.31 2.05 0.11 0.00 0.11 + 0.01 0.16 0.05 0.09 0.08 0.08 - 0.00 0.29 0.04 0.11 0.11 0.11 + 0.01 0.37 0.08 0.78 0.75 0.78 + 0.03 0.87 0.73 1.05 1.02 1.05 + 0.02 1.20 0.91 0.06 0.05 0.05 unch 0.00 0.29 0.05 0.05 0.04 0.04 - 0.01 0.22 0.04 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.07 0.06 0.06 + 0.01 0.08 0.02 0.10 0.09 0.09 - 0.01 0.17 0.09 0.07 0.07 0.07 unch 0.00 0.13 0.06 0.31 0.27 0.28 - 0.01 0.56 0.22 0.40 0.36 0.37 - 0.03 0.70 0.30 0.22 0.20 0.20 - 0.01 0.37 0.16 0.18 0.00 0.18 unch 0.00 0.36 0.06 0.65 0.57 0.63 + 0.05 0.74 0.52 0.49 0.42 0.48 + 0.04 0.58 0.39 0.03 0.02 0.02 unch 0.00 0.05 0.01 0.02 0.02 0.02 + 0.00 0.04 0.00 0.00 0.00 0.04 unch 0.00 0.11 0.04 0.11 0.10 0.11 + 0.02 0.37 0.03 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.08 unch 0.00 0.13 0.04 0.10 0.09 0.10 - 0.01 0.18 0.06 0.15 0.12 0.13 - 0.02 0.71 0.12 0.10 0.09 0.09 - 0.00 0.25 0.09 0.14 0.13 0.13 - 0.01 0.32 0.12 0.01 0.00 0.01 + 0.00 0.06 0.01 0.03 0.03 0.03 + 0.00 0.12 0.02 0.05 0.03 0.04 - 0.01 0.17 0.03 0.25 0.23 0.24 - 0.01 0.40 0.21 0.05 0.05 0.05 + 0.01 0.15 0.04 0.03 0.03 0.03 unch 0.00 0.10 0.03 0.02 0.02 0.02 unch 0.00 0.09 0.02 0.01 0.01 0.01 - 0.00 0.06 0.01 12.73 11.87 12.00 - 0.67 26.30 8.62 9.53 8.90 8.92 - 0.57 19.91 6.62 0.06 0.06 0.06 - 0.00 0.16 0.05

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(100s) Stock

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(100s) Stock

12-month

Exc Volume High Low Last Change High Low

North Arrow Mn V 209 North Bay Res * O 3200 Northcliff Res T 48 Northern Light 105 Northern Uran V 73 Northisle C&G V 40 Norvista Cap V 509 NorZinc T 830 NorZinc* O 281 V 392 Nouveau Monde Nouveau Monde* O 29 NovaGold Res T 615 NovaGold Res* X 4307 Novo Res* O 276 Novo Res V 707 NovX21* O 80 NRG Metals V 40 NRG Metals* O 83 V 59 Nrthn Graphite Nrthn Graphite* O 100 Nrthn Lion V 2 Nrthn Mnrls &E* O 2 Nrthn Shield V 2117 Nrthn Superior* O 3 Nrthn Superior V 80 Nrthn Vertex* O 52 Nrthn Vertex V 341 V 0 NSGold NSS Res Inc 127 Nthn Dynasty* X 4924 Nthn Dynasty T 486 Nthrn Sphere* O 80 Nthrn Sphere 394 Nubian Res V 30 Nuinsco Res 887 Nuinsco Res* O 60 NuLegacy Gold* O 193 NuLegacy Gold V 387 Nutrien T 3568 Nutrien* N 5376 NV Gold* O 59 NV Gold V 60 NX Uranium* O 3 NxGold Ltd* O 333 NxGold Ltd V 134 O.T. Mining* O 3 OceanaGold* O 1 OceanaGold T 3881 Oceanic Iron O V 18 Oceanus Res V 99 Odyssey Res V 49 Olivut Res V 20 Olivut Res* O 4 V 417 Omineca Mining Omineca Mining* O 0 One World Lith 81 One World Lith* O 32 O 0 Opawica Expl* Opawica Expl V 952 Opus One Res V 52 Orbite Tech* O 129 Orca Gold V 158 Orca Gold* O 20 Orefinders Res V 435 Orestone Mng V 814 Orex Mnrls* O 75 Orex Mnrls V 75 Orezone Gold V 212 Orezone Gold* O 70 Orford Mining V 1 OrganiMax* O 1 OrganiMax V 111 2 Oriental Non F Origin Gold V 210 Original Sixtn* O 4 Orla Mng Ltd T 46 Orla Mng Ltd* O 8 Oro East Mg* O 21 Oroco Res V 480 Oroco Res* O 116 Orocobre T 82 Oronova Energy V 186 Oroplata Res* O 653 Orosur Mng T 10 Orsu Metals V 25 Orvana Mnrls* O 37 Orvana Mnrls T 44 Osino Res V 29 Osisko Gold* N 3030 Osisko Gold T 1443 Osisko Metals* O 4 Osisko Metals V 1614 Osisko Mng Inc T 1188 Osprey Gold V 1160 Otis Gold V 78 Otis Gold* O 109 Outcrop Gold V 76 Outcrop Gold* O 45 OZ Minerals* O 1

0.08 0.07 0.08 - 0.01 0.23 0.07 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.08 0.00 0.07 unch 0.00 0.12 0.05 0.04 0.03 0.04 - 0.01 0.15 0.02 0.01 0.01 0.01 + 0.01 0.02 0.01 0.06 0.00 0.06 - 0.01 0.17 0.06 0.13 0.11 0.12 + 0.02 0.15 0.06 0.12 0.11 0.12 + 0.01 0.17 0.08 0.10 0.08 0.09 + 0.01 0.13 0.05 0.25 0.24 0.25 unch 0.00 0.37 0.21 0.19 0.18 0.18 - 0.01 0.28 0.17 5.78 5.47 5.51 - 0.25 6.47 4.49 4.33 4.08 4.12 - 0.21 5.05 3.41 2.00 1.72 1.73 - 0.17 5.00 1.42 2.68 2.28 2.28 - 0.31 6.42 1.89 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.13 0.00 0.13 - 0.01 1.52 0.12 0.10 0.08 0.09 - 0.01 0.29 0.03 0.18 0.15 0.16 unch 0.00 0.45 0.14 0.14 0.11 0.11 - 0.02 0.34 0.09 0.32 0.32 0.32 unch 0.00 0.53 0.15 0.07 0.00 0.07 + 0.00 0.12 0.02 0.09 0.07 0.08 + 0.01 0.10 0.02 0.19 0.18 0.18 - 0.01 0.22 0.02 0.25 0.22 0.22 - 0.06 0.50 0.15 0.15 0.13 0.13 - 0.03 0.39 0.14 0.19 0.17 0.19 unch 0.00 0.49 0.17 0.00 0.00 0.11 unch 0.00 0.15 0.07 0.10 0.00 0.10 + 0.01 0.45 0.07 0.61 0.53 0.57 - 0.03 1.12 0.43 0.81 0.72 0.75 - 0.03 1.47 0.55 0.02 0.01 0.01 + 0.00 0.11 0.01 0.03 0.02 0.02 unch 0.00 0.13 0.02 0.10 0.09 0.10 + 0.01 0.28 0.08 0.02 0.01 0.02 + 0.01 0.08 0.01 0.01 0.01 0.01 unch 0.00 0.04 0.00 0.09 0.08 0.08 - 0.00 0.17 0.07 0.11 0.10 0.11 - 0.01 0.22 0.08 72.39 69.41 72.36 + 2.86 76.17 57.86 54.09 52.10 54.02 + 1.89 58.99 43.96 0.12 0.11 0.11 - 0.01 0.61 0.05 0.16 0.15 0.16 unch 0.00 0.80 0.07 0.22 0.20 0.22 + 0.02 1.00 0.01 0.00 0.00 0.05 unch 0.00 0.22 0.05 0.07 0.07 0.07 unch 0.00 0.29 0.06 0.08 0.07 0.08 unch 0.00 0.24 0.04 3.05 2.89 2.89 - 0.15 3.74 2.41 4.08 3.85 3.97 + 0.01 5.01 3.13 0.10 0.10 0.10 + 0.01 0.15 0.04 0.12 0.10 0.12 unch 0.00 0.24 0.05 0.05 0.03 0.03 - 0.02 0.06 0.02 0.11 0.10 0.10 - 0.01 0.16 0.07 0.08 0.08 0.08 unch 0.00 0.12 0.05 0.08 0.08 0.08 - 0.01 0.09 0.02 0.00 0.00 0.05 unch 0.00 0.06 0.01 0.18 0.16 0.18 + 0.01 0.22 0.12 0.16 0.13 0.13 - 0.02 0.16 0.10 0.00 0.00 0.05 unch 0.00 0.05 0.02 0.08 0.07 0.08 unch 0.00 0.18 0.05 0.05 0.04 0.04 - 0.01 0.10 0.02 0.16 0.00 0.11 - 0.06 0.17 0.00 0.43 0.39 0.42 - 0.01 0.65 0.38 0.31 0.30 0.30 - 0.01 0.52 0.28 0.04 0.04 0.04 unch 0.00 0.12 0.04 0.18 0.15 0.16 - 0.01 0.25 0.06 0.05 0.04 0.05 + 0.00 0.13 0.04 0.07 0.06 0.07 + 0.01 0.17 0.06 0.50 0.47 0.47 - 0.02 0.92 0.42 0.37 0.35 0.35 - 0.01 0.74 0.31 0.09 0.09 0.09 - 0.03 0.33 0.07 0.03 0.03 0.03 unch 0.00 0.19 0.03 0.04 0.04 0.04 unch 0.00 0.26 0.04 0.00 0.00 0.80 unch 0.00 1.05 0.80 0.11 0.10 0.10 - 0.01 0.15 0.07 0.11 0.10 0.10 unch 0.00 0.20 0.01 1.06 1.02 1.04 - 0.02 1.55 0.94 0.77 0.77 0.77 - 0.01 1.14 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.30 0.28 0.30 unch 0.00 0.39 0.14 0.25 0.21 0.21 - 0.02 0.28 0.13 3.46 3.21 3.25 - 0.03 5.95 2.74 0.07 0.07 0.07 - 0.02 0.16 0.06 0.25 0.22 0.24 - 0.00 0.42 0.09 0.06 0.00 0.06 unch 0.00 0.20 0.02 0.27 0.00 0.24 - 0.01 0.34 0.17 0.13 0.13 0.13 - 0.00 0.19 0.09 0.19 0.18 0.18 - 0.01 0.24 0.12 0.36 0.34 0.34 - 0.02 0.64 0.20 11.56 11.00 11.01 - 0.05 12.08 7.00 15.46 14.69 14.75 unch 0.00 16.08 9.27 0.41 0.40 0.41 + 0.02 0.55 0.36 0.59 0.52 0.57 + 0.05 0.70 0.46 3.25 2.81 2.86 - 0.19 3.75 1.60 0.05 0.04 0.04 - 0.01 0.09 0.04 0.09 0.08 0.09 unch 0.00 0.32 0.08 0.08 0.06 0.06 - 0.01 0.25 0.06 0.38 0.34 0.37 + 0.02 0.55 0.10 0.28 0.26 0.27 + 0.01 0.33 0.01 7.58 0.00 7.51 - 0.03 8.02 5.90

Pac Arc Res V 3 Pac Bay Mnrls V 1 Pac Booker Min* O 6 Pac Booker Min V 25 Pac Imperial V 225 Pac Iron Ore V 7 Pac Ridge Expl V 164 Pac Wildcat* O 63 Pacific Empire V 42 Pacific Rim* O 70 Pacific Rim 353 Pacific Silk V 21 Pacton Gold V 1127 Paladin Energy* O 181 Palamina Corp* O 28 Palamina Corp V 41 Pan Am Silver* D 6215 Pan Am Silver T 1160 Pan Andean Min* O 0 Pan Global Res V 84 O 25 Pancontinental* Pancontinental V 748 Panex Res* O 240 Pangolin Dia V 19 Panoro Mnrls V 155 Pantheon Vent V 381 V 263 Para Resources Parallel Mng V 37 Paramount Gold* X 78 Paringa Res* O 44 1 Paringa Res* D Parlane Res V 37 Pasinex Res 13 Patriot Gold* O 393 Peabody Enrgy* N 2587 Pedro Res V 80 Pelangio Expl* O 10 Pelangio Expl V 80 Peloton Mnrls* O 20 Peloton Mnrls 94 PepinNini Lith* O 235 Perseus Mng T 90 Pershing Gold T 18 Pershing Gold* D 855 Pershing Res* O 80 Peruvian Metal* O 3 Peruvian Metal V 382 Petra Diamonds* O 13 Philex Mng* O 2 Philippine Mtl V 290 Phoenix Gold V 82 Pine Cliff En* O 1 Pine Cliff En T 1022 Pinecrest Res V 38 Pistol Bay Mng V 749 Pistol Bay Mng* O 12 Pivit Explor 40 PJSC Polyus Gd* O 1 PJX Res V 57 Plata Latina V 1 Plate Res V 40 Plateau Energy V 86 Plateau Energy* O 36 Platinex Inc 149

0.22 0.22 0.22 unch 0.00 0.45 0.20 0.00 0.00 0.07 unch 0.00 0.20 0.06 1.86 1.86 1.86 unch 0.00 2.26 0.50 2.87 2.45 2.70 + 0.22 3.00 0.65 0.03 0.02 0.02 - 0.01 0.06 0.02 0.07 0.06 0.06 - 0.01 0.13 0.03 0.05 0.05 0.05 unch 0.00 0.07 0.04 0.00 0.00 0.00 - 0.00 0.39 0.00 0.08 0.08 0.08 unch 0.00 0.19 0.06 0.25 0.19 0.22 - 0.02 0.41 0.07 0.33 0.27 0.30 - 0.02 0.51 0.10 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.19 0.17 0.17 - 0.02 1.02 0.17 0.10 0.09 0.09 - 0.02 0.50 0.03 0.20 0.17 0.19 - 0.02 0.33 0.17 0.26 0.22 0.24 - 0.02 0.43 0.24 13.41 12.64 12.66 - 0.60 18.75 12.12 17.92 16.92 16.94 - 0.73 24.22 16.05 0.00 0.00 0.06 unch 0.00 0.08 0.02 0.10 0.09 0.10 + 0.02 0.28 0.07 0.02 0.02 0.02 + 0.01 0.07 0.02 0.03 0.02 0.03 unch 0.00 0.09 0.02 0.00 0.00 0.00 - 0.00 0.01 0.00 0.04 0.00 0.04 - 0.01 0.08 0.03 0.21 0.18 0.21 + 0.02 0.37 0.13 0.06 0.00 0.06 - 0.01 0.12 0.05 0.21 0.19 0.20 - 0.01 0.24 0.12 0.03 0.03 0.03 unch 0.00 0.08 0.02 0.90 0.84 0.85 - 0.05 1.64 0.80 0.14 0.10 0.11 - 0.03 0.35 0.08 5.42 0.00 5.42 + 0.64 10.38 4.70 0.06 0.05 0.05 - 0.01 0.30 0.03 0.08 0.06 0.06 - 0.02 0.22 0.06 0.07 0.06 0.07 - 0.01 0.15 0.04 29.10 27.77 28.62 - 0.33 47.84 27.10 0.17 0.17 0.17 unch 0.00 0.29 0.16 0.20 0.20 0.20 unch 0.00 0.29 0.02 0.26 0.23 0.23 - 0.03 0.40 0.12 0.07 0.06 0.06 - 0.01 0.11 0.05 0.10 0.09 0.10 - 0.01 0.15 0.03 0.00 0.00 0.00 unch 0.00 0.02 0.00 0.44 0.42 0.42 - 0.03 0.50 0.25 1.90 1.50 1.90 unch 0.00 2.65 1.06 1.12 1.05 1.12 unch 0.00 2.07 0.80 0.01 0.01 0.01 + 0.00 0.05 0.00 0.04 0.03 0.03 - 0.01 0.07 0.02 0.05 0.04 0.04 - 0.01 0.10 0.03 0.25 0.24 0.24 - 0.01 1.06 0.24 0.10 0.03 0.03 unch 0.00 0.10 0.02 0.05 0.04 0.04 - 0.01 0.08 0.04 0.06 0.05 0.05 unch 0.00 0.07 0.04 0.19 0.19 0.19 unch 0.00 0.32 0.17 0.25 0.23 0.25 unch 0.00 0.45 0.22 0.21 0.21 0.21 + 0.01 0.28 0.18 0.06 0.06 0.06 unch 0.00 0.11 0.03 0.05 0.05 0.05 unch 0.00 0.05 0.02 0.08 0.08 0.08 + 0.01 0.19 0.07 40.00 0.00 37.19 - 2.81 48.00 29.90 0.21 0.18 0.18 - 0.03 0.36 0.15 0.00 0.00 0.04 unch 0.00 0.05 0.02 0.05 0.04 0.05 unch 0.00 0.10 0.03 0.63 0.56 0.56 - 0.03 1.69 0.53 0.45 0.42 0.42 - 0.03 1.27 0.39 0.04 0.03 0.04 unch 0.00 0.14 0.03

P-Q

Week

12-month

Exc Volume High Low Last Change High Low

Platinum Gp Mt* X 542 Platinum Gp Mt T 106 Plato Gold V 8 Playfair Mng V 118 Playfair Mng* O 0 PolyMet Mng* X 4273 PolyMet Mng T 192 Portage Res* O 671 Portofino Res V 8 O 1131 Potash Ridge* Potash Ridge T 4102 Power Group* O 5 Power Group V 141 O 99 Power Metals* Power Metals V 264 PowerOre V 293 PPX Mining* O 174 PPX Mining V 1388 Precipitate Gl* O 21 Precipitate Gl V 364 Premier Gold M T 1925 O 1 Premium Expl* Pretium Res* N 5133 Pretium Res T 1742 Primary Energy 298 Prism Res V 234 Prize Mng* O 55 Prize Mng V 1204 ProAm Expl V 36 Probe Metals* O 9 Probe Metals V 8 Prog Planet V 299 Prog Planet* O 46 Promithian Gl * O 0 O 366 Prophecy Coal* Prophecy Coal T 340 Prosper Gold V 100 Prospero Silvr V 181 O 20 Prospero Silvr* Provenance Gld 57 Providence V 397 Providence Gld* O 34 PUF Vent Inc * O 2263 Puma Expl V 206 O 40 Pure Alumina* Pure Energy* O 267 Pure Energy V 379 Pure Gold Mg* O 529 Pure Gold Mg V 559 Pure Nickel* O 0 Pure Nickel V 844 V 1404 Purepoint Uran Q-Gold Res V 52 QC Precious V 216 QC Precious * O 2 QMC Quantum Ml V 244 QMC Quantum Ml* O 140 QMX Gold* O 72 QMX Gold V 502 Quadro Res V 14 Quantum Cobalt 86 69 Quartz Mtn Res V Quaterra Res V 248 O 355 Quaterra Res* Quest Rare Mnl* O 169 Quinto Res V 520

1.68 1.43 1.45 - 0.22 2.50 0.83 2.20 1.91 1.97 - 0.26 3.15 1.15 0.01 0.01 0.01 - 0.01 0.06 0.01 0.05 0.04 0.04 unch 0.00 0.09 0.02 0.02 0.02 0.02 unch 0.00 0.06 0.01 0.64 0.48 0.55 + 0.05 1.25 0.47 0.80 0.64 0.75 + 0.09 1.60 0.64 0.00 0.00 0.00 + 0.00 0.02 0.00 0.09 0.09 0.09 unch 0.00 0.42 0.06 0.05 0.04 0.05 + 0.01 0.09 0.02 0.07 0.06 0.07 + 0.01 0.11 0.03 0.09 0.09 0.09 - 0.00 0.18 0.01 0.16 0.11 0.13 - 0.02 2.20 0.10 0.09 0.08 0.09 + 0.00 0.47 0.08 0.13 0.12 0.12 - 0.01 0.58 0.12 0.09 0.07 0.09 + 0.01 0.45 0.05 0.06 0.05 0.05 + 0.00 0.08 0.03 0.07 0.07 0.07 + 0.01 0.11 0.05 0.09 0.07 0.09 - 0.01 0.12 0.03 0.12 0.10 0.10 - 0.02 0.15 0.04 1.66 1.51 1.51 - 0.16 3.07 1.39 0.00 0.00 0.00 unch 0.00 0.01 0.00 8.39 7.81 7.86 - 0.40 9.84 6.53 11.21 10.46 10.50 - 0.50 12.87 8.58 0.12 0.11 0.11 - 0.01 1.50 0.10 0.03 0.03 0.03 unch 0.00 0.08 0.03 0.02 0.02 0.02 + 0.00 0.17 0.02 0.03 0.02 0.03 unch 0.00 0.27 0.03 0.03 0.03 0.03 unch 0.00 0.04 0.02 0.74 0.71 0.74 + 0.02 1.12 0.68 0.98 0.94 0.96 unch 0.00 1.49 0.91 0.05 0.04 0.04 unch 0.00 0.10 0.03 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.00 0.00 0.06 unch 0.00 0.10 0.01 0.23 0.16 0.17 - 0.00 2.75 0.09 0.25 0.22 0.23 - 0.03 0.74 0.11 0.08 0.07 0.07 unch 0.00 0.18 0.06 0.09 0.07 0.09 + 0.01 0.15 0.05 0.06 0.06 0.06 + 0.01 0.11 0.04 0.23 0.18 0.19 - 0.05 0.39 0.10 0.10 0.09 0.10 unch 0.00 0.18 0.09 0.08 0.08 0.08 - 0.00 0.14 0.08 0.43 0.36 0.38 - 0.03 0.64 0.06 0.03 0.03 0.03 - 0.01 0.08 0.03 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.06 0.05 0.06 + 0.00 0.25 0.03 0.08 0.07 0.08 - 0.01 0.29 0.05 0.45 0.41 0.41 - 0.02 0.62 0.38 0.59 0.55 0.55 - 0.02 0.81 0.50 0.00 0.00 0.01 unch 0.00 0.02 0.00 0.02 0.01 0.02 + 0.01 0.04 0.01 0.10 0.08 0.08 - 0.01 0.11 0.06 0.30 0.28 0.30 unch 0.00 0.30 0.10 0.31 0.26 0.26 - 0.04 0.50 0.25 0.23 0.19 0.19 - 0.03 0.33 0.19 0.28 0.23 0.25 unch 0.00 0.65 0.16 0.21 0.17 0.19 + 0.00 0.51 0.12 0.04 0.04 0.04 - 0.00 0.15 0.03 0.05 0.00 0.05 unch 0.00 0.18 0.05 0.03 0.03 0.03 - 0.01 0.08 0.03 0.07 0.05 0.06 unch 0.00 0.44 0.04 0.35 0.29 0.30 - 0.01 0.80 0.27 0.09 0.08 0.08 - 0.01 0.13 0.05 0.07 0.05 0.06 - 0.00 0.10 0.04 0.00 0.00 0.00 + 0.00 0.01 0.00 0.05 0.04 0.05 - 0.01 0.14 0.02

Rackla Mtls* O 3 Rackla Mtls V 2 Radisson Mng V 68 Radius Gold V 1364 Rainforest Res* O 2 24 Rainy Mtn Royl* O Rainy Mtn Royl V 105 O 7 Rambler Metals* Rare Element* O 146 Rathdowney Res V 53 Ravencrest Res 700 120 Razore Rock Res Red Eagle Mng* O 100 22 Red Moon Res V Red Pine Expl V 1316 Redstar Gold V 85 Redstar Gold* O 91 Regulus Res V 61 Remington Res V 2 Renaissance Gd* O 101 V 53 Renaissance Gd Renforth Res 2387 Resolve Vent V 18 Reunion Gold V 2220 Revelo Res V 1813 Revival Gold * O 20 Revival Gold V 56 Rhyolite Res V 144 V 166 Richmond Mnls Ridgestone M’g V 75 Rift Valley 414 Riley Resource V 52 O 107749 Rimrock Gold* Rio Silver V 425 Rio Tinto* N 12691 Rio Tinto* O 5 O 1 Rio Tinto* Rio2 Limited* O 15 Rio2 Limited V 29 Rise Gold Corp 1256 Rise Gold Corp* O 423 Riverside Res V 179 Riverside Res* O 99 Rizal Res V 1 RJK Explor V 1193 RJK Explor* O 8 Robex Res V 73 V 40 Rochester Res Rock Tech Lith V 49 2 Rock Tech Lith* O Rockex Mng 72 V 83 Rockhaven Res Rockridge Res V 935 O 15 Rockshield Cap* Rockshield Cap 285 V 119 Rockwealth Res Rodinia Lithm V 157 Rogue Res* O 0 Rogue Res V 130 Rojo Res V 7 Rokmaster Res V 33 Romios Gold Rs V 323 Romios Gold Rs* O 6 O 45 RosCan Gold* RosCan Gold V 5562 40 Rosita Mg Corp V Rotation Mnls V 194 V 28 Roughrider Exp Rover Metals V 749 O 25 Rover Metals* Roxgold T 2133 Roxgold* O 105 Royal Gold* D 1535 Royal Mines &M* O 803 Royal Nickel* O 1148 Royal Nickel T 7035 Royal Rd Mnrls V 1402 Royal Std Mnrl* O 3 RT Minerals V 120 RT Minerals* O 0 RTG Mining T 400 Rubicon Mnrls* O 62 T 37 Rubicon Mnrls Rugby Mng V 206 Running Fox Rs V 612 Rupert Res V 42 Rusoro Mng* O 43 Rusoro Mng V 764

0.07 0.07 0.07 + 0.00 0.11 0.05 0.00 0.00 0.09 unch 0.00 0.15 0.06 0.12 0.11 0.12 + 0.01 0.16 0.09 0.13 0.10 0.12 + 0.02 0.19 0.09 5.90 5.35 5.35 - 0.55 9.20 3.50 0.01 0.01 0.01 - 0.01 0.03 0.01 0.02 0.00 0.02 unch 0.00 0.04 0.02 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.13 0.11 0.11 - 0.00 0.27 0.03 0.11 0.09 0.09 - 0.02 0.15 0.04 0.72 0.62 0.70 - 0.03 1.21 0.38 0.09 0.09 0.09 unch 0.00 0.27 0.06 0.00 0.00 0.00 unch 0.00 0.22 0.00 0.09 0.00 0.08 + 0.01 0.16 0.01 0.05 0.04 0.04 - 0.01 0.10 0.04 0.03 0.03 0.03 - 0.01 0.05 0.02 0.02 0.02 0.02 - 0.00 0.04 0.01 1.60 1.52 1.53 - 0.03 2.30 1.25 0.18 0.18 0.18 unch 0.00 0.36 0.17 0.13 0.00 0.13 - 0.01 0.19 0.11 0.18 0.18 0.18 - 0.01 0.25 0.15 0.05 0.04 0.05 unch 0.00 0.06 0.02 0.10 0.10 0.10 unch 0.00 0.18 0.07 0.21 0.18 0.21 + 0.02 0.23 0.11 0.02 0.02 0.02 unch 0.00 0.05 0.01 0.52 0.48 0.48 - 0.05 0.73 0.42 0.70 0.64 0.65 - 0.04 0.99 0.57 0.20 0.20 0.20 - 0.04 0.26 0.15 0.03 0.02 0.02 unch 0.00 0.06 0.02 0.22 0.22 0.22 unch 0.00 0.32 0.18 0.08 0.07 0.08 - 0.01 0.10 0.05 0.21 0.21 0.21 unch 0.00 0.41 0.10 0.00 0.00 0.00 + 0.00 0.00 0.00 0.04 0.03 0.04 unch 0.00 0.06 0.03 62.53 59.75 60.77 - 2.01 63.27 44.62 61.35 59.15 59.15 - 2.15 61.61 43.47 68.70 0.00 68.70 - 0.04 69.98 50.48 0.30 0.28 0.29 + 0.01 0.81 0.25 0.41 0.37 0.38 + 0.01 1.15 0.37 0.09 0.07 0.08 - 0.02 0.15 0.05 0.07 0.06 0.06 - 0.01 0.12 0.04 0.16 0.15 0.15 - 0.02 0.33 0.13 0.12 0.11 0.12 - 0.01 0.42 0.10 0.00 0.00 0.03 unch 0.00 0.05 0.01 0.12 0.10 0.11 + 0.01 0.23 0.04 0.08 0.08 0.08 + 0.01 0.13 0.00 0.08 0.08 0.08 + 0.01 0.12 0.07 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.80 0.71 0.78 unch 0.00 1.59 0.71 0.64 0.54 0.54 - 0.09 1.19 0.54 0.04 0.04 0.04 unch 0.00 0.10 0.01 0.15 0.12 0.12 - 0.01 0.19 0.09 0.26 0.24 0.25 + 0.01 0.35 0.20 0.07 0.05 0.07 - 0.00 0.30 0.05 0.09 0.08 0.09 + 0.01 0.38 0.08 0.14 0.00 0.13 unch 0.00 0.22 0.11 0.06 0.06 0.06 unch 0.00 0.28 0.05 0.00 0.00 0.06 unch 0.00 0.23 0.04 0.06 0.06 0.06 unch 0.00 0.29 0.06 0.18 0.18 0.18 unch 0.00 0.30 0.10 0.05 0.04 0.04 unch 0.00 0.16 0.04 0.05 0.05 0.05 unch 0.00 0.09 0.04 0.04 0.00 0.04 - 0.00 0.07 0.02 0.10 0.10 0.10 unch 0.00 0.23 0.10 0.13 0.10 0.10 - 0.03 0.33 0.05 0.05 0.00 0.04 unch 0.00 0.08 0.03 0.21 0.19 0.19 - 0.01 0.22 0.07 0.09 0.07 0.07 - 0.02 0.25 0.07 0.07 0.07 0.07 unch 0.00 0.11 0.03 0.06 0.06 0.06 + 0.00 2.01 0.04 0.90 0.86 0.86 - 0.04 1.35 0.72 0.67 0.65 0.67 - 0.01 1.02 0.55 92.81 89.16 89.71 - 2.85 98.53 70.16 0.00 0.00 0.00 - 0.00 0.01 0.00 0.36 0.33 0.36 + 0.01 0.90 0.05 0.48 0.44 0.48 + 0.01 1.18 0.07 0.18 0.16 0.18 + 0.01 0.18 0.06 0.30 0.00 0.30 unch 0.00 3.14 0.01 0.06 0.06 0.06 unch 0.00 0.25 0.05 0.04 0.04 0.04 unch 0.00 0.13 0.00 0.10 0.09 0.09 unch 0.00 0.17 0.09 0.84 0.74 0.84 + 0.04 1.26 0.70 1.11 1.00 1.11 + 0.01 1.73 0.95 0.26 0.23 0.25 + 0.02 0.42 0.14 0.02 0.02 0.02 unch 0.00 0.03 0.01 0.86 0.80 0.85 + 0.03 1.23 0.75 0.07 0.06 0.06 - 0.02 0.32 0.04 0.10 0.08 0.10 - 0.01 0.42 0.06

Sabina Gd&Slvr T 936 O 314 Sabina Gd&Slvr* Sable Res* O 18 Sable Res V 705 Sage Gold* O 140 Sailfish Rylty V 15 Saint Jean* O 20 Saint Jean V 1249 Salazar Res* O 3 Salazar Res V 127 Salt Lake Pot* O 6 Sama Res V 385

1.18 1.06 1.09 - 0.07 1.82 1.10 0.88 0.80 0.80 - 0.08 1.45 0.82 0.12 0.10 0.10 - 0.02 0.28 0.10 0.15 0.12 0.15 + 0.01 0.37 0.12 0.00 0.00 0.00 + 0.00 0.07 0.00 1.25 1.20 1.20 - 0.05 2.00 0.70 0.03 0.02 0.03 - 0.00 0.04 0.01 0.04 0.03 0.03 - 0.01 0.14 0.02 0.12 0.12 0.12 - 0.00 0.12 0.07 0.16 0.14 0.16 + 0.02 0.17 0.10 0.43 0.43 0.43 unch 0.00 0.46 0.31 0.40 0.37 0.38 - 0.02 0.47 0.22

R

S

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Sama Res* O 146 Samco Gold V 34 Samex Mng* O 295 2 San Gold Corp* O San Marco Res* O 325 San Marco Res V 400 V 315 Sanatana Diam Sandfire Res V 249 Sandfire Res* O 176 V 506 Sandspring Res O 476 Sandspring Res* T 2301 Sandstorm Gold X 3905 Sandstorm Gold* 82 Santa Fe Gold* O V 45 Santacruz Silv Sarama Res V 432 Sarissa Res* O 284 Satori Res V 220 Saturn Mnrls V 1772 Savary Gold V 1766 Savary Gold* O 170 Saville Res V 227 O 216 Scandium Intl* Scandium Intl T 1268 Scorpio Gold V 364 ScoZinc Mg V 60 ScoZinc Mg* O 1 N 1071 Seabridge Gld* Seabridge Gld T 319 Seafield Res* O 40 Search Mnls V 224 Searchlight* O 2 O 615 SearchlightMin* V 72 SearchlightRes Secova Mtls V 855 Secova Mtls* O 80 Sego Res V 87 Select Sands V 1021 T 2470 Semafo Serabi Gold T 3 Serengeti Res V 106 Shamrock Ent 17 O 5 Shear Diamonds* Sherritt Intl T 3164 V 14 Shoshoni Gold 19667 N Sibanye-Stillw* O 2 Sibanye-Stillw* O 217 Sidney Resrces* Sienna Res V 560 Sienna Res* O 16 31 Sierra Madre D V Sierra Metals T 15 Sierra Metals* X 66 V 7 Sigma Lithium Signature Res V 85 O 38 Signature Res* 45 Silver Bear Rs T 4 Silver Bear Rs* O Silver Bull Re* O 552 Silver Bull Re T 512 0 Silver Fields* O Silver Grail V 29 84 Silver Mtn Mns V 0 Silver Mtn Mns* O Silver Predatr V 81 O 10 Silver Predatr* Silver Range* O 1 Silver Range V 79 Silver Scott* O 5 O 67 Silver Spruce* Silver Spruce V 306 O 0 Silver Stream* Silver Viper* O 18 Silver Viper V 172 T 470 Silvercorp Met X 975 Silvercorp Met* SilverCrest* X 352 SilverCrest V 213 O 1 Silverstar Res* Sirios Res* O 20 Sirios Res V 539 Sitka Gold 57 Sixty North* O 112 Sixty North 936 Skeena Res* O 329 Skeena Res V 2877 Sky Gold* O 121 Sky Gold V 4560 O 96 Skyharbour Res* V 282 Skyharbour Res Slam Explor V 40 15 Slave Lake Zn V 94 Sojourn Explor O 652 Sokoman Min* Sokoman Min V 9663 SolGold plc* O 44 SolGold plc T 37 T 49 Solitario Ex&R X 130 Solitario Ex&R* Solstice Gold V 384 1 Sonora Gld & S V Sonoro Mtls* O 42 Sonoro Mtls V 274 South32* O 1 Southern Arc V 4 O 6 Southern Arc* N 2849 Southern Copp* O 37 Southern Silvr* V 201 Southern Silvr Spanish Mtn Gd V 210 73 Spanish Mtn Gd* O Sparton Res* O 168 Sparton Res V 630 O 50 Spearmint Res* Spearmint Res 2569 Spey Resources 380 Sphinx Res V 215 Sprott Res Hld T 191 76 Spruce Ridge R V SRG Graphite V 166 SSR Mining* D 2358 SSR Mining T 825 St Augustine T 373 St-Georges Eco 869 O 284 St-Georges Eco* V 64 Stakeholdr Gld O 4 Stakeholdr Gld* O 1241 Standard Graph* Standard Lith V 835 O 62 Standard Metal* Stans Energy V 187 O 228 Stans Energy* O 86 Star Diamond* Star Diamond T 420 Star Gold* O 70 O 4 Star Mountain* Starcore Intl T 127 Starr Peak Exp V 4581 O 0 Steele Oceanic* Stellar Africa V 1 Stelmine Can V 71 Steppe Gold T 31 Sterling Grp* O 352 T 9144 Stornoway Diam O 250 Stornoway Diam* Stratabd Mnr V 122 Strateco Res* O 40 O 231 Strategic Metl* Strategic Metl V 175 Strategic Res V 3 Stria Lithium V 483 V 291 Strikepoint Gd O 50 Strikepoint Gd* V 274 Strongbow Expl O 14 Strongbow Expl* Stroud Res V 677 Sulliden Mng T 215 Sun Metals V 2773 Suncor Energy T 12209 N 8726 Suncor Energy* O 157 Superior Gold* Superior Gold V 661 O 36 Supreme Metal* Supreme Metals 466 Surge Copper V 114 14 Surge Copper * O Surge Explor* O 29 Surge Explor V 465 Sutter Gold* O 659 Sutter Gold V 2540 Syrah Res* O 117

0.17 0.30 0.27 0.28 - 0.01 0.37 0.02 unch 0.00 0.08 0.05 0.05 0.05 0.00 0.00 0.00 0.00 + 0.00 0.00 0.00 0.00 0.00 unch 0.00 0.01 0.00 0.04 0.03 0.03 - 0.01 0.19 0.03 0.06 0.04 0.05 - 0.01 0.25 0.05 0.02 0.05 0.05 0.05 + 0.01 0.06 0.06 0.09 0.08 0.09 - 0.01 0.11 0.05 0.08 0.06 0.07 + 0.00 0.10 0.17 0.22 0.17 0.18 - 0.04 0.35 0.13 0.16 0.13 0.13 - 0.02 0.28 4.60 7.53 7.25 7.32 - 0.07 7.84 3.48 5.63 5.41 5.47 - 0.06 5.89 0.08 0.06 0.08 + 0.00 0.14 0.04 0.05 0.06 0.05 0.05 - 0.01 0.16 0.05 0.09 0.08 0.08 - 0.01 0.12 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.04 0.09 0.08 0.09 - 0.01 0.10 0.11 unch 0.00 0.30 0.16 0.14 0.15 0.04 0.13 0.12 0.12 - 0.01 0.13 0.02 0.09 0.09 0.09 + 0.00 0.10 0.04 0.05 0.05 0.05 - 0.01 0.11 0.10 0.12 0.09 0.10 - 0.02 0.24 0.16 0.11 0.15 - 0.01 0.32 0.13 0.01 0.16 0.08 0.16 + 0.02 0.16 0.39 0.45 0.43 0.43 - 0.02 1.35 0.30 0.37 0.37 0.37 + 0.04 0.97 10.20 11.52 11.04 11.15 - 0.33 15.30 12.94 15.39 14.74 14.90 - 0.41 20.10 0.00 unch 0.00 0.02 0.00 0.00 0.00 0.03 unch 0.00 0.09 0.05 0.04 0.05 0.01 0.03 0.03 0.03 + 0.01 0.15 0.01 0.07 0.04 0.05 + 0.01 0.07 0.02 unch 0.00 0.17 0.04 0.00 0.04 0.02 0.05 0.04 0.04 - 0.01 0.20 0.01 unch 0.00 0.10 0.03 0.03 0.03 0.03 unch 0.00 0.07 0.04 0.03 0.04 0.07 0.12 0.09 0.10 - 0.02 0.51 2.24 3.87 3.70 3.74 - 0.06 4.14 0.49 unch 0.00 1.40 0.69 0.00 0.69 0.12 unch 0.00 0.60 0.26 0.23 0.23 0.02 0.04 0.03 0.03 - 0.01 0.07 0.00 unch 0.00 0.00 0.00 0.00 0.00 0.37 0.40 0.36 0.39 - 0.01 1.32 0.03 0.03 0.00 0.03 - 0.01 0.08 2.02 4.22 3.76 4.01 + 0.15 4.94 0.53 unch 0.00 1.27 1.10 1.04 1.10 0.00 0.01 0.00 0.00 + 0.00 0.01 0.04 unch 0.00 0.21 0.05 0.05 0.05 0.03 unch 0.00 0.16 0.04 0.04 0.04 0.06 0.00 0.06 - 0.01 0.15 0.06 1.96 2.20 1.98 2.04 + 0.06 3.85 1.48 1.55 1.48 1.53 + 0.04 2.90 1.20 1.86 1.85 1.85 - 0.05 2.40 0.05 0.08 0.07 0.07 - 0.01 0.14 0.05 unch 0.00 0.11 0.06 0.06 0.06 0.14 0.00 0.14 unch 0.00 0.26 0.11 0.10 0.09 0.10 + 0.01 0.20 0.09 0.10 0.09 0.09 - 0.00 0.19 0.09 0.14 0.12 0.12 - 0.01 0.24 0.11 0.00 0.00 0.00 unch 0.00 0.03 0.05 0.04 0.04 - 0.01 0.10 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.00 0.00 0.02 unch 0.00 0.02 0.01 0.07 unch 0.00 0.12 0.08 0.07 0.08 0.04 unch 0.00 0.08 0.06 0.06 0.06 0.06 unch 0.00 0.13 0.07 0.07 0.07 0.08 0.12 0.10 0.10 - 0.02 0.18 0.01 0.02 0.00 0.02 - 0.00 0.10 0.01 unch 0.00 0.05 0.05 0.04 0.04 0.02 unch 0.00 0.06 0.05 0.05 0.05 0.05 unch 0.00 7.25 0.00 0.00 7.10 0.07 0.14 0.13 0.13 - 0.01 0.15 0.07 0.18 0.16 0.16 - 0.01 0.24 2.43 3.33 3.07 3.09 - 0.14 4.02 1.83 2.49 2.29 2.29 - 0.12 3.12 1.60 3.47 3.05 3.40 + 0.10 3.89 2.03 4.61 4.10 4.49 - 0.01 5.02 0.01 unch 0.00 0.18 0.04 0.04 0.04 0.09 unch 0.00 0.22 0.00 0.00 0.18 0.12 0.04 0.28 0.17 - 0.22 0.17 0.04 0.12 0.10 0.12 + 0.01 0.30 0.04 unch 0.00 0.16 0.05 0.05 0.05 0.04 0.06 0.06 0.06 + 0.01 0.24 0.19 0.36 0.31 0.35 + 0.02 0.52 0.27 0.49 0.41 0.48 + 0.04 0.70 0.02 0.02 0.02 0.02 - 0.00 0.09 0.03 0.05 0.03 0.04 + 0.01 0.10 0.25 0.29 0.27 0.27 - 0.02 0.44 0.33 0.43 0.36 0.36 - 0.02 0.57 0.02 0.03 0.03 0.03 + 0.01 0.05 0.07 0.07 0.07 unch 0.00 0.13 0.06 0.07 unch 0.00 0.20 0.09 0.09 0.09 0.00 0.15 0.07 0.07 - 0.06 0.45 0.03 0.20 0.11 0.11 - 0.07 0.58 0.27 0.50 0.48 0.48 - 0.04 0.58 0.32 0.67 0.64 0.64 - 0.03 0.76 0.26 0.52 0.51 0.52 - 0.01 0.64 0.19 0.40 0.39 0.39 - 0.01 0.54 0.11 0.09 0.38 0.26 0.17 0.26 + 0.00 0.00 0.07 unch 0.00 0.12 0.05 0.07 0.14 0.13 0.13 - 0.01 0.16 0.07 0.19 0.16 0.17 - 0.01 0.20 2.16 2.53 2.53 2.53 - 0.03 3.10 0.27 0.43 0.42 0.42 - 0.09 0.62 0.20 0.32 0.32 0.32 - 0.03 0.47 29.01 42.42 40.17 41.03 + 0.03 58.09 0.08 0.18 0.15 0.15 - 0.05 0.23 0.11 0.25 0.20 0.21 - 0.04 0.28 0.07 0.00 0.07 - 0.01 0.12 0.05 0.05 0.04 0.05 - 0.01 0.10 0.03 0.03 0.04 0.03 0.03 - 0.00 0.09 0.04 0.06 0.05 0.05 - 0.01 0.12 0.00 0.08 0.02 0.02 + 0.00 0.08 0.02 unch 0.00 0.07 0.03 0.03 0.03 0.06 unch 0.00 0.16 0.08 0.08 0.08 0.03 0.05 0.04 0.04 - 0.01 0.08 1.77 1.39 1.68 + 0.28 2.70 0.98 0.02 0.13 0.01 0.05 0.04 0.05 + 0.64 1.05 0.99 0.99 - 0.05 1.74 12.33 11.52 11.73 - 0.52 15.17 8.11 10.71 16.48 15.36 15.69 - 0.62 20.00 0.02 0.03 0.02 0.02 - 0.01 0.03 0.04 0.18 0.14 0.17 + 0.01 0.50 0.03 0.13 0.11 0.13 + 0.01 0.38 0.03 unch 0.00 0.25 0.05 0.05 0.05 0.02 unch 0.00 0.20 0.02 0.02 0.02 0.29 0.45 0.40 0.42 - 0.03 1.13 0.79 0.97 0.85 0.90 + 0.06 1.82 0.02 unch 0.00 0.23 0.08 0.05 0.08 0.02 0.05 0.03 0.03 - 0.01 0.06 0.01 0.04 0.03 0.03 - 0.01 0.05 0.12 0.19 0.18 0.18 - 0.01 0.29 0.17 0.26 0.25 0.25 - 0.01 0.38 0.02 0.04 0.04 0.04 - 0.00 0.30 0.02 unch 0.00 0.03 0.03 0.03 0.03 0.08 0.09 0.08 0.08 - 0.01 0.23 0.22 0.10 0.17 + 0.04 0.22 0.09 0.55 unch 0.00 0.96 0.00 0.00 0.55 0.01 unch 0.00 0.06 0.00 0.00 0.02 0.09 0.14 0.13 0.13 - 0.02 0.26 0.60 0.75 0.74 0.74 - 0.01 2.01 0.01 0.01 0.01 0.01 - 0.00 0.10 0.08 0.11 0.07 0.08 - 0.03 0.58 0.06 0.08 0.05 0.05 - 0.03 0.44 0.02 unch 0.00 0.07 0.02 0.02 0.02 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.22 0.25 0.23 0.23 - 0.01 0.37 0.31 0.32 0.31 0.31 - 0.02 0.48 0.16 unch 0.00 0.39 0.23 0.23 0.23 0.02 unch 0.00 0.05 0.03 0.02 0.03 0.11 0.15 0.13 0.14 - 0.01 0.29 0.08 0.11 0.10 0.10 - 0.01 0.23 0.10 0.14 0.12 0.14 + 0.01 0.28 0.07 0.10 0.09 0.10 + 0.01 0.22 0.01 unch 0.00 0.02 0.02 0.02 0.02 0.08 unch 0.00 0.42 0.09 0.00 0.08 0.12 0.61 0.50 0.57 - 0.02 0.65 35.53 44.75 43.64 44.48 + 0.26 55.47 25.81 unch 0.00 42.55 33.47 32.67 33.19 0.33 0.38 0.36 0.38 + 0.03 1.24 0.44 0.59 0.46 0.58 + 0.12 1.58 0.02 unch 0.00 0.03 0.02 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.02 0.02 0.04 unch 0.00 0.14 0.07 0.06 0.07 0.04 0.04 0.04 unch 0.00 0.11 0.04 0.02 0.03 0.02 0.03 + 0.00 0.36 0.03 0.04 0.03 0.04 - 0.01 0.28 0.01 0.01 0.01 0.01 - 0.00 0.02 0.01 0.02 0.01 0.01 - 0.01 0.03 0.71 0.92 0.81 0.92 + 0.07 2.65

2019-04-22 10:52 AM

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / APRIL 29–MAY 12, 2019

Week

12-month

Exc Volume High Low Last Change High Low

T Taiga Gold* O 43 Taiga Gold 76 Tajiri Res V 52 Taku Gold* O 109 Taku Gold 107 Talmora Diamd 20 Talon Metals T 202 O 10905 Tamino Mnrls* Tanager Energy V 43 Tango Mining V 1041 Tanqueray Expl V 274 Tantalex Res 637 Tanzania Rlty T 139 Tanzania Rlty* X 1142 Taranis Res* O 2 Taranis Res V 100 Tarku Res V 159 Tartisan Nick* O 8 Tartisan Nick 236 Taseko Mines* X 4318 Taseko Mines T 1671 Tearlach Res V 36 T 5649 Teck Res Teck Res* N 12154 T 24 Teck Res Telson Res * O 2 Telson Res V 49 Tembo Gold V 36 Tembo Gold* O 72 Teranga Gold T 299 O 54 Teranga Gold* Teras Res V 173 Teras Res* O 10 Terraco Gold V 101 Terrax Mnrls* O 10 Terrax Mnrls V 161 Terreno Res V 16 Teslin Rvr Res V 972 Tesoro Mnrls V 8 Tethyan Res V 215 Teuton Res V 101 Teuton Res* O 40 O 72 Texas Mineral* Themac Res V 70 Thor Expl V 32 13 Thunder Mtn Gd* O Thunderstruck V 301 Thunderstruck* O 9 Till Capital V 5 Timberline Res V 185 O 254 Timberline Res* Tinka Res V 455 Tinka Res* O 108 Tisdale Res V 1 Titan Mining T 262 Titan Mining* O 36 Titanium Corp V 96 O 19 TMAC Resource* TMAC Resources T 123 TNR Gold V 400 Toachi Mg Inc V 1008 Tocvan Venture 35 Tombstone Expl* O 1477 O 13 Tonogold Res* Torex Gold* O 55 Torex Gold T 1448 Torq Resources* O 10 V 115 Torq Resources Tower Res* O 210 Tower Res V 1722 Transatlantic* O 69

0.06 0.05 0.05 + 0.00 0.16 0.05 0.09 0.07 0.08 - 0.01 0.21 0.07 0.05 0.05 0.05 unch 0.00 0.18 0.05 0.07 0.05 0.07 + 0.02 0.12 0.02 0.09 0.09 0.09 unch 0.00 0.15 0.04 0.05 0.05 0.05 unch 0.00 0.06 0.01 0.13 0.12 0.13 + 0.01 0.14 0.06 0.00 0.00 0.00 - 0.00 0.00 0.00 0.08 0.05 0.05 - 0.04 0.10 0.03 0.02 0.02 0.02 unch 0.00 0.04 0.01 0.78 0.73 0.75 - 0.04 1.32 0.58 0.04 0.03 0.03 - 0.01 0.17 0.03 1.17 0.99 1.14 + 0.12 1.24 0.34 0.89 0.76 0.86 + 0.09 0.94 0.25 0.06 0.06 0.06 - 0.01 0.10 0.03 0.07 0.07 0.07 + 0.01 0.12 0.05 0.04 0.03 0.03 - 0.01 0.05 0.02 0.04 0.04 0.04 + 0.00 0.09 0.03 0.06 0.04 0.05 - 0.01 0.13 0.02 0.79 0.61 0.74 + 0.12 1.40 0.44 1.05 0.81 0.98 + 0.16 1.80 0.60 0.25 0.20 0.20 unch 0.00 0.28 0.03 34.31 32.51 33.24 - 0.39 39.08 23.90 25.75 24.30 24.83 - 0.38 30.11 18.17 34.00 33.00 33.15 - 0.47 39.00 23.89 0.27 0.27 0.27 unch 0.00 0.67 0.25 0.36 0.35 0.35 - 0.02 0.91 0.35 0.03 0.02 0.02 - 0.01 0.04 0.01 0.02 0.01 0.02 - 0.00 0.03 0.01 3.59 3.31 3.32 - 0.17 5.63 3.18 2.75 2.47 2.49 - 0.12 4.33 2.40 0.06 0.05 0.06 unch 0.00 0.12 0.04 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.09 0.08 0.09 + 0.01 0.11 0.06 0.28 0.27 0.27 + 0.01 0.39 0.25 0.38 0.35 0.37 + 0.02 0.50 0.33 0.04 0.04 0.04 - 0.01 0.05 0.02 0.58 0.53 0.53 - 0.04 0.60 0.33 0.05 0.05 0.05 unch 0.00 0.08 0.05 0.82 0.68 0.69 - 0.09 0.85 0.14 0.20 0.16 0.16 - 0.02 0.24 0.10 0.14 0.11 0.11 - 0.01 0.18 0.07 0.23 0.21 0.22 + 0.01 0.35 0.10 0.07 0.06 0.07 unch 0.00 0.09 0.03 0.16 0.16 0.16 - 0.02 0.22 0.13 0.09 0.07 0.08 unch 0.00 0.21 0.04 0.07 0.06 0.07 unch 0.00 0.11 0.04 0.05 0.04 0.04 - 0.01 0.15 0.03 2.18 1.45 2.18 + 0.03 5.01 1.45 0.11 0.09 0.11 + 0.02 0.19 0.07 0.08 0.06 0.08 + 0.01 0.14 0.00 0.35 0.33 0.33 - 0.01 0.58 0.29 0.26 0.25 0.25 - 0.00 0.45 0.21 0.00 0.00 0.18 unch 0.00 0.84 0.14 0.52 0.44 0.46 - 0.07 1.50 0.44 0.41 0.32 0.32 - 0.13 1.05 0.41 0.75 0.64 0.75 + 0.05 1.20 0.47 3.18 2.92 2.92 - 0.20 6.05 2.97 4.25 3.87 3.91 - 0.28 8.01 3.87 0.04 0.03 0.04 + 0.01 0.06 0.03 0.08 0.06 0.07 - 0.01 0.20 0.06 0.10 0.10 0.10 unch 0.00 0.12 0.10 0.00 0.00 0.00 - 0.00 0.01 0.00 0.21 0.12 0.21 + 0.01 0.25 0.00 10.10 9.76 9.80 - 0.30 13.52 5.74 13.55 13.05 13.25 - 0.19 18.21 7.52 0.32 0.32 0.32 unch 0.00 0.52 0.25 0.44 0.41 0.44 + 0.03 0.68 0.32 0.03 0.02 0.03 + 0.01 0.12 0.01 0.05 0.04 0.05 unch 0.00 0.17 0.02 0.03 0.03 0.03 unch 0.00 0.10 0.02

(100s) Stock

Week

12-month

Exc Volume High Low Last Change High Low

Transatlantic V 1145 Transition Met V 168 Transition Met* O 5 Treasury Metal T 99 Treasury Metal* O 61 Trecora Res* N 168 Tres-Or Res V 441 Trevali Mng* O 478 Trevali Mng T 5768 Tri Origin Exp V 87 Trident Gold V 3 Trifecta Gold* O 4 Trifecta Gold V 330 Trigen Res* O 693 Trilogy Mtls* X 1415 Trilogy Mtls T 108 TriMetals Mng* O 21 TriMetals Mng* O 124 TriMetals Mng T 245 Trinity Res* O 0 Trinity Valley V 100 Trio Resources* O 471 TriStar Gold* O 232 TriStar Gold V 76 Triumph Gold V 52 Triumph Gold* O 39 Troilus Gold T 288 Troilus Gold* O 2 V 1458 Troubadour Res Troy Enrgy V 142 Troy Res* O 28 True Grit Res V 400 True North Gem* O 1 True North Gem V 24 Tsodilo Res V 54 Tudor Gold V 67 4 Tudor Gold * O Turquoise HIl T 4571 Turquoise HIl* N 31124 TVI Pacific* O 28 TVI Pacific V 680 Typhoon Expl V 278

0.03 0.03 0.03 unch 0.00 0.16 0.03 0.11 0.10 0.10 - 0.01 0.16 0.06 0.08 0.08 0.08 unch 0.00 0.12 0.07 0.29 0.28 0.29 - 0.01 0.54 0.21 0.23 0.20 0.21 + 0.01 0.43 0.16 9.74 9.08 9.60 + 0.37 15.60 6.69 0.03 0.02 0.03 unch 0.00 0.05 0.02 0.33 0.29 0.29 - 0.04 0.98 0.24 0.44 0.38 0.39 - 0.05 1.26 0.32 0.04 0.03 0.04 + 0.01 0.04 0.01 0.15 0.15 0.15 + 0.01 0.18 0.14 0.04 0.04 0.04 unch 0.00 0.10 0.03 0.05 0.05 0.05 - 0.01 0.13 0.05 0.40 0.35 0.36 - 0.03 1.01 0.19 2.78 2.47 2.78 + 0.25 2.75 1.13 3.72 3.33 3.72 + 0.38 3.65 1.43 0.04 0.03 0.03 - 0.01 0.13 0.02 0.07 0.06 0.06 - 0.01 0.23 0.04 0.05 0.00 0.05 - 0.01 0.18 0.03 0.00 0.00 0.02 unch 0.00 0.20 0.01 0.11 0.11 0.11 + 0.01 0.11 0.04 0.00 0.00 0.00 - 0.00 0.01 0.00 0.11 0.09 0.11 + 0.02 0.20 0.07 0.14 0.11 0.14 + 0.01 0.25 0.09 0.39 0.37 0.39 + 0.03 0.80 0.30 0.30 0.28 0.30 + 0.02 0.60 0.22 0.85 0.72 0.73 - 0.12 1.70 0.40 0.72 0.00 0.60 - 0.12 1.08 0.45 0.13 0.10 0.12 + 0.01 0.25 0.08 0.04 0.03 0.03 - 0.02 0.07 0.01 0.06 0.06 0.06 - 0.01 0.13 0.06 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.11 0.00 0.11 unch 0.00 0.13 0.00 0.26 0.19 0.19 - 0.01 1.00 0.10 0.24 0.23 0.24 unch 0.00 0.63 0.19 0.39 0.34 0.35 - 0.02 0.46 0.20 0.28 0.28 0.28 + 0.02 0.34 0.15 2.18 2.09 2.13 - 0.03 4.18 1.94 1.64 1.56 1.58 - 0.04 3.23 1.43 0.00 0.00 0.00 + 0.00 0.02 0.00 0.01 0.01 0.01 - 0.01 0.02 0.01 0.04 0.03 0.03 unch 0.00 0.08 0.03

U.S. Gold* D 720 U.S. Lithium* O 11 U3O8 Corp* O 24 U3O8 Corp T 60 Ubique Mineral 60 UC Res* O 31 Ucore Rare Mtl V 135 Ucore Rare Mtl* O 225 UEX Corp T 1127 Ultra Lithium* O 4 Ultra Lithium V 59 O 379 Umbral Enrgy* Unigold V 2 Unigold* O 42 United Battery* O 452 United Battery 73 77 United Res Hdg* O United States A* X 144 United States S* N 40165 Unity Metals V 254 Unity Metals* O 0 Universal Cop V 529 Universal Vent V 1228 Ur-Energy* X 2275 Ur-Energy T 102 Uragold Bay Rs V 360 Uranium Energy* X 3784 Uranium Hunter* O 1

1.07 0.93 1.03 + 0.05 1.69 0.74 0.29 0.26 0.27 + 0.01 1.00 0.09 0.13 0.00 0.11 - 0.02 0.35 0.10 0.16 0.15 0.15 - 0.01 0.50 0.13 0.15 0.10 0.10 unch 0.00 0.25 0.06 0.35 0.33 0.34 - 0.01 1.27 0.00 0.12 0.11 0.11 - 0.01 0.25 0.09 0.09 0.08 0.08 - 0.01 0.20 0.07 0.18 0.16 0.17 - 0.01 0.35 0.14 0.07 0.07 0.07 unch 0.00 0.21 0.05 0.10 0.08 0.09 + 0.01 0.28 0.08 0.47 0.42 0.44 - 0.02 0.54 0.11 0.11 0.00 0.11 + 0.01 0.27 0.10 0.08 0.07 0.07 - 0.01 0.20 0.07 0.04 0.04 0.04 - 0.00 1.58 0.04 0.06 0.05 0.05 - 0.01 1.68 0.05 0.05 0.02 0.03 - 0.02 0.07 0.01 0.63 0.55 0.57 - 0.01 1.05 0.23 17.42 16.28 16.42 - 0.32 39.23 16.50 1.20 0.51 0.59 - 0.62 1.40 0.10 0.00 0.00 0.96 unch 0.00 0.96 0.11 0.12 0.10 0.10 - 0.01 0.26 0.06 0.42 0.40 0.42 + 0.01 0.63 0.28 0.90 0.81 0.83 - 0.04 0.99 0.54 1.18 1.08 1.09 - 0.07 1.30 0.74 0.09 0.08 0.09 + 0.01 0.12 0.06 1.43 1.32 1.38 - 0.02 1.89 1.12 1.80 1.40 1.40 - 0.25 1.99 0.26

U-V

(100s) Stock

Week

12-month

(100s)

Exc Volume High Low Last Change High Low

Uranium Res* D 2150 Uravan Mnrls V 94 V 395 UrbanGold Min USCorp* O 1073 Val-d’Or Mg* O 1 Val-d’Or Mg V 24 N 72853 Vale* Valley High Mg* O 2463 O 41 ValOre Metals* ValOre Metals V 101 Valterra Res* O 82 Valterra Res V 62 V 118 Vanadian Enrgy O 35 Vanadian Enrgy* V 1106 Vanadium One O 197 Vanadiumcorp* V 224 Vanadiumcorp Vangold Res* O 0 Vanstar Mng Rs* O 100 Vanstar Mng Rs V 734 Vantex Res V 6 Vela Minerals V 7 O 22 Velocity Mnrls* Velocity Mnrls V 372 Vendetta Mng V 959 O 62 Vendetta Mng* V 70 Venerable Vent O 12 Venture Mnrls* Verde Potash T 58 Verde Res* O 15 Veris Gold* O 1 Vertical Expl V 229 Victoria Gold V 365 O 143 Victory Metals* V 331 Victory Metals O 5 Victory Nickel* Victory Nickel 6 Victory Res 7 O 44 Virginia Enrgy* Virginia Enrgy V 56 Viscount Mng V 287 2 Visible Gold M V Vision Lithium V 15 O 0 Vision Lithium* Vista Gold* X 506 Vista Gold T 18 Viva Gold V 170 Viva Gold* O 80 Vizsla Res V 80 Volcanic Gold V 92 O 0 Volcanic Gold* Volt Energy V 46 Voltaic Min V 3 Voyageur Min V 32 O 46 VR Resources* V 282 VR Resources Vulcan Mnrls V 429 VVC Expl V 732

0.13 0.19 0.17 0.18 + 0.00 0.60 0.02 unch 0.00 0.05 0.04 0.03 0.04 0.10 0.14 0.13 0.14 - 0.01 0.16 0.00 0.00 0.00 0.00 + 0.00 0.02 0.06 unch 0.00 0.09 0.07 0.00 0.07 0.08 unch 0.00 0.14 0.10 0.10 0.10 10.89 13.77 13.06 13.32 + 0.08 16.13 0.01 0.01 0.01 + 0.00 0.01 0.00 0.00 unch 0.00 0.48 0.18 0.18 0.18 0.11 0.23 0.22 0.22 - 0.02 0.90 0.01 0.02 0.01 0.02 + 0.00 0.03 0.02 unch 0.00 0.04 0.03 0.02 0.02 0.05 0.05 0.05 0.05 - 0.01 0.18 0.01 0.04 0.03 0.03 - 0.01 0.13 0.06 0.21 0.14 0.17 + 0.02 0.29 0.01 0.07 0.06 0.06 - 0.01 0.15 0.06 unch 0.00 0.14 0.08 0.08 0.08 0.01 unch 0.00 0.07 0.00 0.00 0.02 0.13 0.12 0.13 unch 0.00 0.18 0.07 0.24 0.19 0.23 + 0.05 0.24 0.07 0.14 0.31 0.31 0.31 - 0.02 0.40 0.15 0.26 0.20 0.26 + 0.06 0.26 0.09 0.20 0.20 0.20 - 0.03 0.24 0.13 0.37 0.00 0.30 + 0.01 0.37 0.10 0.12 0.11 0.11 - 0.01 0.26 0.07 0.09 0.08 0.08 + 0.01 0.20 0.08 unch 0.00 0.13 0.10 0.10 0.10 0.01 unch 0.00 0.04 0.02 0.01 0.01 0.53 0.80 0.71 0.75 - 0.04 1.25 0.00 unch 0.00 0.10 0.10 0.05 0.05 0.00 unch 0.00 0.01 0.00 0.00 0.00 0.05 0.09 0.07 0.08 - 0.01 0.21 0.30 0.47 0.45 0.47 + 0.01 0.55 0.45 0.53 0.48 0.50 + 0.00 0.57 0.38 0.71 0.64 0.69 + 0.01 0.77 0.01 unch 0.00 0.05 0.01 0.01 0.01 0.01 0.02 0.00 0.02 - 0.01 0.07 0.02 0.19 0.12 0.15 + 0.03 0.20 0.08 0.16 0.16 0.16 - 0.00 0.28 0.10 0.23 0.19 0.20 - 0.01 0.36 0.15 0.19 0.17 0.19 + 0.01 0.35 0.09 0.00 0.09 - 0.01 0.11 0.04 0.08 0.10 0.00 0.10 - 0.01 0.52 0.06 unch 0.00 0.39 0.00 0.00 0.08 0.37 0.66 0.59 0.61 - 0.04 0.92 0.56 0.85 0.80 0.83 - 0.04 1.24 0.24 0.38 0.33 0.38 + 0.01 0.48 0.21 unch 0.00 0.40 0.27 0.27 0.27 0.13 unch 0.00 0.20 0.15 0.15 0.15 0.14 0.44 0.00 0.36 + 0.06 1.58 0.14 unch 0.00 0.48 0.00 0.00 0.03 0.03 0.09 0.09 0.09 + 0.01 0.33 0.13 unch 0.00 0.37 0.28 0.00 0.28 0.05 0.01 0.12 0.09 - 0.10 0.08 0.11 0.14 0.12 0.12 - 0.12 0.35 0.14 0.18 0.15 0.15 - 0.03 0.43 0.03 unch 0.00 0.07 0.04 0.04 0.04 0.02 unch 0.00 0.05 0.04 0.03 0.04

Walker Lane* O 5 Walker River* O 85 Walker River V 2035 T 3474 Wallbridge Mng Warrior Gold* O 81 Warrior Gold V 466 Waseco Res V 535 Wealth Mnrls V 77 O 86 Wealth Mnrls* V 6 Wescan Gldflds O 258 Wesdome Gold* T 1340 Wesdome Gold

0.05 0.40 0.20 0.40 + 0.10 0.40 0.08 0.12 0.11 0.11 - 0.01 0.19 0.05 0.16 0.14 0.14 - 0.03 0.27 0.06 0.40 0.37 0.40 + 0.01 0.45 0.03 0.09 0.06 0.06 - 0.03 0.11 0.04 0.11 0.08 0.08 - 0.03 0.18 0.02 0.05 0.04 0.05 + 0.01 0.05 0.34 0.47 0.44 0.47 + 0.03 1.54 0.26 0.35 0.33 0.35 + 0.01 1.27 0.01 unch 0.00 0.09 0.04 0.04 0.04 1.42 3.39 3.16 3.21 - 0.18 4.25 1.84 4.55 4.23 4.29 - 0.24 5.46

W-Z

Stock

Week

23

12-month

Exc Volume High Low Last Change High Low

West High Yld V 82 West Kirkland V 83 West Kirkland * O 94 445 West Red Lake West Red Lake* O 7 O 0 Western Areas* Western Atlas V 9 T 182 Western Copper Western Copper* X 213 0 Western Pac Rs V Western Pac Rs* O 0 T 1112 Western Potash Western Res* O 2 Western U&V 65 Western U&V* O 75 O 204 Westgold Res* Westhaven Vent* O 68 V 387 Westhaven Vent Westkam Gold* O 26 V 1689 Westkam Gold Westminster Rs V 1 O 104 Westmoreland* WestMountain* O 0 Wheaton Prec M* N 10796 Wheaton Prec M T 5264 White Gold* O 38 White Gold V 304 White Metal R* O 360 White Metal Rs V 560 White Mtn Engy* O 358 Whitehaven Coa* O 4 V 60 Whitemud Res Wildsky Res* O 0 O 101 Winston Gold* Winston Gold 514 Winston Res 160 Wolfden Res* O 35 Wolfden Res V 537 Wolfeye Res V 146 O 32 Worldwide Res* Worldwide Res V 291 X-Terra Res V 365 X-Terra Res* O 8 T 160 Xanadu Mines Xemplar Egy* O 1 Xiana Mng V 6 Xiana Mng* O 7 27 Ximen Mining* O Ximen Mining V 396 Xtierra Inc V 6 Xtra-Gold Res* O 24 T 7 Xtra-Gold Res Yamana Gold T 16683 N 88594 Yamana Gold* Yorbeau Res T 354 0 You Han Data* O Zadar Ventures* O 0 V 21 Zadar Ventures Zanzibar Gold 1993 Zara Res* O 4001 ZEN Graphene* O 25 V 654 ZEN Graphene Zenith Explor 6 Zephyr Mnls V 134 Zephyr Mnls* O 63 Zimtu Capital V 216 Zinc One Res V 299 65 Zinc One Res * O Zincore Mtls* O 0 ZincX Res* O 28 ZincX Res V 388 O 10 Zonte Metals* Zonte Metals V 115

0.33 0.31 0.31 unch 0.00 0.60 0.20 0.05 0.05 0.05 - 0.01 0.09 0.04 0.04 0.04 0.04 - 0.00 0.07 0.03 0.12 0.10 0.11 unch 0.00 0.12 0.05 0.07 0.07 0.07 + 0.00 0.09 0.03 0.00 0.00 1.73 unch 0.00 2.82 1.27 0.07 0.00 0.07 unch 0.00 0.20 0.05 0.80 0.74 0.75 - 0.05 1.30 0.52 0.61 0.55 0.56 - 0.04 1.01 0.35 0.00 0.00 0.55 unch 0.00 1.08 0.32 0.00 0.00 0.42 unch 0.00 0.62 0.01 0.13 0.12 0.12 - 0.01 0.45 0.12 0.09 0.08 0.08 - 0.01 0.32 0.08 1.38 1.23 1.33 + 0.11 3.32 0.49 1.12 0.93 0.97 + 0.05 2.70 0.70 0.00 0.00 0.92 unch 0.00 1.25 0.60 0.69 0.59 0.59 - 0.06 1.03 0.10 0.90 0.77 0.81 - 0.04 1.43 0.13 0.00 0.00 0.00 + 0.00 0.03 0.00 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.00 0.00 0.05 unch 0.00 0.15 0.03 0.02 0.01 0.01 - 0.01 0.33 0.01 0.00 0.00 3.00 unch 0.00 3.30 3.00 23.46 21.58 21.96 - 1.16 25.24 15.08 31.34 28.88 29.36 - 1.48 33.85 19.87 0.96 0.86 0.88 - 0.05 1.44 0.46 1.24 1.14 1.16 - 0.09 2.00 0.54 0.03 0.03 0.03 + 0.00 0.19 0.02 0.05 0.04 0.04 - 0.01 0.25 0.04 0.01 0.01 0.01 unch 0.00 0.02 0.00 2.81 2.81 2.81 unch 0.00 4.37 2.71 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.05 0.05 0.05 unch 0.00 0.77 0.05 0.03 0.02 0.03 + 0.00 0.09 0.02 0.04 0.03 0.04 unch 0.00 0.09 0.03 0.05 0.05 0.05 + 0.02 0.24 0.02 0.13 0.12 0.13 + 0.00 0.33 0.12 0.18 0.17 0.17 - 0.01 0.43 0.17 0.63 0.58 0.61 - 0.02 1.32 0.50 0.03 0.03 0.03 unch 0.00 0.03 0.03 0.04 0.02 0.03 unch 0.00 0.07 0.02 0.10 0.09 0.10 + 0.01 0.18 0.09 0.08 0.08 0.08 unch 0.00 0.12 0.07 0.12 0.12 0.12 unch 0.00 0.17 0.10 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.58 0.58 0.58 unch 0.00 0.70 0.38 0.44 0.36 0.44 unch 0.00 0.55 0.30 0.62 0.55 0.55 - 0.04 10.27 0.10 0.83 0.72 0.72 - 0.06 0.86 0.14 0.05 0.05 0.05 unch 0.00 0.08 0.03 0.25 0.25 0.25 unch 0.00 0.45 0.11 0.38 0.36 0.36 - 0.02 0.47 0.23 3.40 2.92 2.98 - 0.44 4.20 2.66 2.56 2.18 2.23 - 0.33 3.23 2.00 0.03 0.03 0.03 - 0.01 0.05 0.02 0.00 0.00 1.01 unch 0.00 2.80 0.75 0.00 0.00 0.02 unch 0.00 0.06 0.02 0.12 0.00 0.12 + 0.03 0.65 0.08 0.32 0.24 0.30 + 0.05 0.32 0.10 0.59 0.40 0.51 + 0.04 0.63 0.04 0.31 0.00 0.30 + 0.05 0.48 0.26 0.41 0.35 0.40 + 0.06 0.64 0.34 0.10 0.10 0.10 unch 0.00 0.10 0.04 0.29 0.25 0.25 - 0.02 0.29 0.15 0.22 0.19 0.19 + 0.00 0.22 0.11 0.30 0.29 0.29 - 0.01 0.40 0.20 0.08 0.07 0.07 unch 0.00 0.30 0.07 0.06 0.05 0.05 - 0.00 0.23 0.04 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.15 0.15 0.15 unch 0.00 0.56 0.14 0.21 0.20 0.20 - 0.02 0.75 0.18 0.23 0.22 0.22 - 0.01 0.30 0.12 0.31 0.29 0.29 - 0.02 0.41 0.17

BID-ASK — APRIL 14–18, 2019

STOCK

12-MONTH

EXC BID ASK LAST HIGH

66 Resources African Metals Aguila Amer Gd Alba Minerals Alchemist Mng Alexandra Cap Allante Res ALQ Gold Altair Res Inc Altan Nevada Altan Rio Min Alto Ventures American CuMo Amseco Expl Anglo-Bomarc Angus Ventures Antioquia Gold Antler Hill Archon Mineral Arrowstar Res Asbestos Corp AsiaBaseMetals Astur Gold Atalaya Mining Aurelius Min Austin Res Avidian Gold Balto Res Banro Corp* Barker Min Barolo Venture Baroyeca Gold Bethpage Cap BHK Mining Black Bull Res Boss Power Brunswick Res Buffalo Coal Bullion Gold Bullman Min Cadillac Vent Camrova Res Canadian Silv Canex Energy Caracara Silvr Castle Peak Mg Cerro de Pasc Cerro de Pasc Cerro Mng Chantrell Vent Cicada Vents Clarmin Explor Cliffmont Res Cliffs Nat Res* Clydesdale Res CMX Gold & Sil Colombia Crest Comet Inds Contintl Prec Copper One CR Capital Crest Resource Currie Rose Rs CWN M’g Acq Cyntar Venture Cyprium Mng Damara Gold Dios Expl EastCoal Inc Edgewater Expl Electra Stone Essex Minerals European Metal Eurotin Evolving Gold Excalibur Res Fabled Copper Fengro Industr Fieldex Expl Finore Mng Fire River Gol First Idaho Five Star Diam

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

20-23_APRIL15_StockTables.indd 23

0.07 0.10 0.10 0.27 0.06 0.09 0.06 0.17 0.26 0.17 0.28 0.15 0.16 0.16 0.28 0.08 0.08 0.06 0.12 ... ...

0.50 0.93 0.16 0.39 0.19 0.20 2.00 2.00 1.72 4.04 0.05 0.06 0.06 0.26 0.05 0.06 0.05 0.09 ...

0.01 0.01 0.02 0.02 0.03 0.02 0.05 0.06 0.07 0.06 0.13 0.05 0.09 0.05 0.29 0.08 0.08 0.15 0.16 0.19 0.21 0.21 0.50 0.03 0.04 0.03 0.10 0.15 0.15 0.10 0.20 0.60 0.79 0.60 1.30 0.01 0.24 0.12 0.12 0.35 0.75 0.55 0.80 0.13 0.23 0.14 0.40 0.14 0.19 0.15 0.31 3.70 4.09 3.75 5.10 0.13 0.14 0.14 0.15 0.01 0.02 0.02 0.02 0.15 0.17 0.17 0.68 0.06 0.08 0.08 0.15 0.11 0.11 0.11 2.10 0.01 0.01 0.01 0.02 0.25 0.30 0.25 0.30 0.01 0.02 0.01 0.03 0.01 ...

0.07 0.07 0.02 0.02 0.02 0.10 0.18 0.10 0.17 0.20 0.17 0.03 0.03 0.03 0.05 0.01 0.01 0.01 0.03 0.06 0.15 0.10 0.47 0.09 0.12 0.11 0.13 0.02 0.02 0.02 0.04 0.03 0.09 0.07 0.11 0.01 0.06 0.06 0.07 ... ...

0.17 0.27 0.19 0.19 0.11 0.18 0.02 0.02 0.02 0.03 ... ...

0.29 0.34 0.31 0.32 0.32 0.37 0.13 0.18 0.14 0.21 0.07 0.10 0.06 0.12 0.01 0.01 0.01 0.02 0.09 0.10 0.10 0.22 0.13 0.22 0.13 0.90 1.45 3.20 1.43 7.17 0.03 0.06 0.04 0.08 0.04 0.05 0.05 0.12 0.26 0.33 0.30 0.60 2.50 3.50 3.25 3.60 0.35 0.37 0.36 0.46 0.14 0.15 0.15 0.18 0.06 0.08 0.08 0.11 0.11 0.20 0.13 0.15 0.06 0.06 0.06 0.12 0.04 0.08 0.05 0.18 0.07 0.17 0.10 0.15 0.03 0.03 0.03 0.04 0.04 0.05 0.07 0.06 0.06 0.06 0.17 0.10 0.19 0.10 0.30 0.10 0.15 0.10 0.18 0.01 0.02 0.01 0.02 0.05 0.08 0.07 0.16 ... 0.01 0.01 0.01 0.03 0.02 0.13 0.08 0.08 0.08 0.15 0.09 0.10 0.10 0.11 0.06 0.08 0.08 0.09 0.03 0.03 0.03 0.20 0.16 0.16 0.19 0.12 0.12 0.11 0.03 0.07 0.09 0.05 0.25 0.04 0.06 0.06 0.07 0.17

LOW

STOCK

0.06

Four Nines Frontline Gold Full Metal Mnl Gem Intl Res Generic Gold GFM Res Global Cop Grp Global Vanad GobiMin Goldbank Mng Goldbelt Emp Golden Pursuit Gray Rock Res Great Lakes Gr Great Quest Fe Green Valley M Grosvenor Res Guerrero Vents Happy Ck Mnrls HFX Holding Highbury Proj Highvista Gold Hybrid Mineral IEMR Res Indico Res Indigo Expl Infinite Lith Inform Res Inspiration Mg Inter-Rock Mnl Interconnect Intl Battery Intl Corona Intl Millm Mng Iron South Mng Jaeger Res Jazz Res JDF Explor Inc Jubilee Gold Kenna Res Kings Bay Res La Imperial Lateral Gold Leo Res Lithion Energy Lithium Energy Logan Res Lovitt Res Lund Enterpr Madeira Mrnls MAG Silver* Magna Gold Majestic Gold Makena Res Manado Gold Martina Mnls MBMI Res Mega Copper Melior Res Mesa Expl Metalore Res Mezzotin Mnrls Micrex Dev Midasco Cap MillenMin Vent Millstream Min Milner Con Slv Minecorp Egy Minera IRL Mineral Hill Minsud Res Mistango River MK2 Ventures Monster Uran Montana Gold Mountain Lake MX Gold Navy Res Nebu Res New Jersey Mng New Klondike New Stratus New World Res

0.17 0.04 0.04 0.25 0.06 1.26 0.04 0.02 0.01 0.02 0.05 0.01 0.06 0.15 0.02 0.07 0.60 0.06 0.33 0.12 0.10 2.88 0.03 0.01 0.16 0.05 0.10 0.01 0.09 0.01 0.07

0.02 0.01 0.09 0.04 0.01 0.06 0.04 0.11 0.08 0.01 0.12 0.22 0.13 0.04 0.01 0.10 0.11 0.98 0.02 0.04 0.11 2.60 0.30 0.10 0.02 0.10 0.05 0.03 0.08 0.04 0.05 0.10 0.10 0.01 0.03 0.01 0.07 0.01 0.04 0.03

0.05

12-MONTH

EXC BID ASK LAST HIGH LOW

C V V V C V V V V V V V V V V V V V V V V V V V V V V V C V V C V V V V V C V V V C V C V V V V V V X V V C V V V V V V V V V V V V V V C V V C V V C C V V V C V V V

0.20 0.30 0.20 0.60 0.01 0.02 0.01 0.02 0.01 ...

0.10 0.10 0.01 0.02 0.02 ... 0.08 0.06 0.30 0.05 0.10 0.05 0.15 0.07 0.08 0.08 0.11 0.17 0.20 0.17 0.23 0.25 0.26 0.24 0.40 0.16 0.27 0.15 0.18 0.01 0.02 0.02 0.08 0.09 0.08 0.21 0.07 0.08 0.08 0.21 0.05 0.05 0.04 0.06 0.10 0.10 0.10 0.14 0.13 0.35 0.48 2.28 0.09 0.18 0.09 0.20 0.06 0.10 0.08 0.15 0.15 0.16 0.16 0.20 0.06 ...

0.06 0.07 0.25 0.69 0.22 0.30 ... ...

0.17 0.07 0.08 0.06 0.45 0.02 0.02 0.02 0.04 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.03 0.26 0.29 0.28 0.32 0.06 0.09 0.06 0.20 0.04 0.04 0.03 0.10 0.23 0.27 0.27 0.47 0.07 0.10 0.07 0.11 ... ...

0.31 0.03 0.04 0.04 0.05 0.02 0.03 0.03 0.03 0.24 0.27 0.24 0.28 0.02 0.03 0.02 0.05 0.05 0.06 0.05 0.08 0.05 ...

0.05 0.15 0.30 0.70 0.64 0.67 0.13 0.16 0.15 0.04 0.04 0.04 0.09 0.04 0.08 0.04 0.08 0.23 0.29 0.28 0.89 ... ...

1.09 ... ...

0.10 0.13 0.13 0.10 0.65 0.02 0.02 0.06 0.08 0.13 0.10 0.25 0.01 0.19 0.13 0.25 0.02 0.15 0.03 0.04 12.52 13.30 12.52 14.40 ... 0.40 0.40 0.45 0.06 0.07 0.06 0.11 ... ...

0.09 0.13 0.03 0.05 0.05 0.06 0.04 0.10 0.04 0.06 0.02 0.03 0.02 0.07 0.17 0.21 0.16 0.18 0.35 0.45 0.35 1.45 0.02 0.02 0.06 0.08 1.10 1.55 1.56 2.85 0.01 0.02 0.01 0.02 0.02 0.02 0.01 0.11 0.11 0.09 0.15 0.01 0.50 0.05 0.04 0.06 0.04 0.05 0.10 0.06 0.11 ... ...

0.12 0.20 0.06 0.08 0.07 0.12 0.01 0.30 0.15 0.27 0.06 0.09 0.07 0.10 0.03 0.04 0.03 0.05 0.16 0.19 0.16 0.39 0.15 0.32 0.15 0.33 0.09 0.10 0.10 0.10 ... ...

0.05 0.05 0.11 0.11 0.11 0.15 0.21 0.16 0.24 0.04 0.04 0.04 ...

0.22 0.18 0.26 0.01 0.01 0.01 0.26 0.40 0.40 0.40 0.22 0.22 0.21 0.30

0.10 0.01 0.10 0.03 0.04 0.04 0.10 0.20 0.07 0.06 0.05 0.02 0.06 0.20 0.09 0.06 0.13 0.05 0.21 0.06 0.01 0.01 0.01 0.12 0.06 0.02 0.20 0.04 0.03 0.02 0.04 0.02 0.03 0.01 0.40 0.03 0.04 0.20 0.09 0.04 0.11 0.02 6.12 0.20 0.05 0.04 0.04 0.04 0.02 0.16 0.33 0.05 1.25 0.01 0.07 0.03 0.07 0.05 0.09 0.05 0.02 0.15 0.11 0.02 0.03 0.15 0.15 0.12 0.13

STOCK

Newmac Res Nexco Res Noble Metal Norsemont Cap Nrthn Lion NSGold Opawica Expl Oriental Non F Pac Cascade Pacific Silk Pan Andean Min Patriot Gold Pedro Res Pele Mtn Res Phoenix Gold Plata Latina Plate Res Prime Meridian Quantum Cobalt Rare Element* Razore Rock Res Red Oak Mg Regency Gold Reliant Gold Resource Cap Ridgestone M’g Rio Silver Rizal Res Rochester Res Rockcliff Met Rockex Mng Rockland Mnls Rojo Res Ross River Rover Metals Rubicon Mnrls* Sage Gold Samco Gold Scotch Creek Sennen Potash Shine Minerals Silver Mtn Mns Silver Phoenix Sonora Gld & S SouthGobi Res Spey Resources Strategic Res Superior Mng Surge Explor Talmora Diamd Tanzania Mnls Tesoro Mnrls Thunder Mtn Gd Tiger Intl Tintina Mines TomaGold Tri-River Vent True Grit Res Trueclaim Expl Ubique Mineral Upper Canyon Vale* ValOre Metals Vanadium One Vangold Res Vatic Vent Venerable Vent Westcot Vent Western Troy C Westminster Rs Whistler Gold Whitemud Res Wildsky Res Worldwide Res Xanadu Mines Xander Res Xiana Mng Zara Res Zena Mining Zenith Explor Zinco Mng Zincore Mtls

12-MONTH

EXC BID ASK LAST HIGH LOW

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

0.05 0.12 0.09 0.10 0.07 ...

0.07 0.28 0.01 0.01 0.01 0.03 0.31 0.37 0.37 0.46 0.23 0.35 0.32 0.53 0.09 0.13 0.11 0.15 0.07 0.08 0.08 0.18 0.25 0.80 0.80 1.05 0.01 0.02 0.01 0.02 0.03 0.02 0.05 0.07 0.09 0.09 0.13 0.06 ...

0.10 0.10 0.17 0.18 0.17 0.29 0.05 0.05 0.04 0.06 0.06 0.06 0.05 0.07 0.04 0.04 0.04 0.05 0.04 0.05 0.05 0.10 0.01 0.01 0.14 ... ...

1.10 3.15 0.11 0.16 0.15 0.89 0.09 0.30 0.09 0.27 0.05 1.29 0.33 0.34 0.13 0.25 0.20 0.28 ... 0.02 0.02 0.03 ... ...

0.01 0.08 0.16 0.75 0.22 0.32 0.04 0.05 0.04 0.06 0.02 0.03 0.03 0.05 0.04 0.05 0.05 0.08 0.15 0.15 0.12 0.18 0.03 0.04 0.04 0.10 0.07 0.08 0.08 0.11 0.19 0.23 0.18 0.30 ...

0.14 0.26 0.50 0.06 0.06 0.07 0.11 ... ...

0.03 1.35 0.01 0.01 0.02 0.09 0.05 0.06 0.05 0.08 0.10 0.18 0.10 0.13 0.23 1.00 0.45 0.50 0.09 ...

0.14 0.16 0.01 0.02 0.01 0.03 0.15 0.25 0.14 0.22 0.07 0.09 0.07 0.12 0.08 ...

0.14 0.17 0.07 0.08 0.08 0.16 0.23 0.29 0.23 0.39 0.06 0.30 0.10 0.10 0.39 0.44 0.39 0.23 0.05 0.06 0.05 0.06 0.07 0.08 0.16 0.30 0.05 0.06 0.05 0.08 0.01 ...

0.17 0.25 0.07 0.12 0.09 0.17 0.04 0.08 0.05 0.10 0.05 0.05 0.05 0.08 ... ...

0.04 0.02 0.03 0.02 0.07 0.11 0.11 0.10 0.28 0.16 0.20 0.10 0.25 ... 0.39 0.25 0.40 ... ...

10.24 11.10 0.06 0.07 0.07 0.13 0.13 0.15 0.13 0.05 0.05 0.04 0.24 0.10 0.10 0.10 0.32 0.10 0.19 0.10 0.13 ... ...

0.35 0.35 0.08 0.08 0.10 0.13 0.04 0.05 0.05 0.15 0.06 0.10 0.06 0.08 0.01 0.02 0.01 0.05 0.07 0.11 0.08 1.01 0.03 0.05 0.03 0.07 0.12 0.13 0.12 0.17 0.10 0.12 0.09 0.17 0.49 0.57 0.58 0.70 ... ...

0.07 0.22 0.05 0.07 0.06 0.09 0.06 0.22 0.10 0.10 0.05 0.07 0.05 0.03 0.07 0.05 0.10

0.06 0.06 0.01 0.25 0.15 0.07 0.05 0.80 0.02 0.03 0.10 0.16 0.03 0.04 0.02 0.03 0.20 0.06 0.06 0.12 0.14 0.02 0.01 0.18 0.03 0.01 0.03 0.07 0.01 0.01 0.10 0.10 0.03 0.03 0.01 0.02 0.10 0.36 0.08 0.01 0.03 0.05 0.10 0.06 0.16 0.04 0.03 0.01 0.12 0.05 0.14 0.04 0.02 0.04 0.02 0.07 0.06 0.17 6.57 0.07 0.03 0.06 0.08 0.23 0.03 0.03 0.06 0.01 0.08 0.02 0.10 0.03 0.38 0.07 0.05 0.04 0.03

2019-04-22 10:52 AM

Ai

24_APRIL29_BackCover.indd 24

2019-04-18 11:31 AM