The Northern Miner August 31 2020 Issue 18

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AUGUST 31–SEPTEMBER 13, 2020 / VOL. 106 ISSUE 18 / GLOBAL MINING NEWS · SINCE 1915 / $5.25 / WWW.NORTHERNMINER.COM

Trilogy completes feasibility on Alaskan project DEVELOPMENT

| Study suggests 12-year operation

BY MAGDA GARDNER

mgardner@canadianminingjournal.com

T Loading a truck at Endeavour’s Ity gold mine in southern Cote d’Ivoire, 480 km northwest of Abidjan. ENDEAVOUR MINING

Endeavour Mining eyes dual listing after Semafo acquisition | Canadian miners eye additional exchanges

FINANCING

BY CARL A. WILLIAMS

E

cwilliams@northernminer.com

ndeavour Mining (TSX: EDV), a Toronto-listed gold mining company with assets in West Africa, is assessing whether to dual list on either the London or New York exchanges as it looks to attract new investors following its recent acquisition of Semafo (TSX: SMF), its smaller rival in the region.

“We are going to move to one or the other,” Sébastien de Montessus, Endeavour’s director and CEO, said in an interview with The Financial Times on Aug. 11. “We are currently assessing which is the most relevant and attractive given our portfolio and locations and also the fit in terms of governance and liquidity.”

During a conference call with analysts a few days earlier, James Andrew Keith, mining analyst at RBC Capital Markets, asked de Montessus whether an additional listing looked more attractive given the company’s increase in market capital liquidity following the acquisition of Semafo.

“The objective for us was first to close the transaction with Semafo and progress on the integration,” de Montessus replied. “I believe that things are now in the right place. And we always said that at the right time, we would consider secondary listing.”

He added that the company is currently assessing the pros and cons of a London listing or a New York listing.

“As you know, management is based in London, and I do believe that London would be a natural

landing for us. But New York has also some interest,” de Montessus said. “We’ve been sharing yesterday with our board, our thoughts on the options between the two.”

He said a formal recommendation to Endeavour’s board would be made over the next two to three months.

The London Stock Exchange (LSE) lost its largest and most successful gold mining company last year after Randgold Resources was delisted following its acquisition by Barrick Gold (TSX: ABX).

However, other Canadian-based miners are currently eyeing opportunities to list on additional exchanges.

On July 20, Yamana Gold (TSX: YRI; NYSE: AUY), one of Canada’s biggest gold producers, outlined its plan to list on the main market of the LSE. The day before the announcement, Peter Marrone, Yamana’s founder and chairman, told The Financial Times that “our due diligence tells us that there is billions of dollars of capital available in London that we should be exploiting.”

“This is an ideal time to be joining,” he added.

South Africa’s AngloGold Ashanti (NYSE: AU) had been expected to move to London but the plans have been shelved for now following the recent departure of its chief executive officer, Kevin Dushnisky.

Toronto-based Barrick also signalled its intention to join the S&P 500 Index in the United States, opening up the giant miner to an even larger pool of investors, including

large institutional investors such as index funds.

“That’s something that’s always been of interest to me, because if we got on the S&P, the index demand See FINANCING / 5

rilogy Metals (TSX: TMQ; NYSE-AM: TMQ) has announced the results of a feasibility study on its 50%-held Arctic copper-zinc-lead-silver-gold project in northwestern Alaska’s Ambler mining district.

The study suggests a 10,000-tonneper-day, 12-year open-pit operation, with a conventional mill and flotation process, producing copper, zinc and lead concentrates.

The proposed operation would produce an average of 155 million lb. copper, 192 million lb. zinc, 32 million lb. lead, 32,165 oz. gold and 3.4 million oz. silver annually, at allin cash costs (which include initial and sustaining capital, as well as operating and closure costs, net of by-product credits) of US98¢ per lb. payable copper.

With an initial capital cost requirement of US$905.6 million and basecase long-term metal prices of US$3 per lb. copper, US$1.1 per lb. zinc, US$1 per lb. lead, US$1,300 per oz. gold and US$18 per oz. silver, the after-tax net present value estimate

THE GROWING ROLE OF IMPACT INVESTING / 5

“ARCTIC IS A SPECIAL PROJECT DUE TO ITS UNIQUE, HIGH-GRADE, POLYMETALLIC NATURE.” TONY GIARDINI PRESIDENT AND CEO, TRILOGY METALS

for the project comes in at US$1.1 billion, at an 8% discount rate, with a 27% internal rate of return and 2.6-year payback period.

“Arctic is a special project due to its unique, high-grade, polymetallic nature. The only other time that I’ve seen a project of this quality, where the grades were similar was in an underground mining scenario,” Tony Giardini, the company’s president and CEO, said in a news release. “However, Arctic is mineable in an open pit scenario. I also want to highlight that Arctic contains a significant amount of gold and silver.”

Giardini added that, at current spot prices, gold and silver account See DEVELOPMENT / 3 PM40069240

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AUGUST 31–SEPTEMBER 13, 2020 / THE NORTHERN MINER

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WELCOME TO THE FUTURE OF UNDERGROUND MINING A WORLD FIRST. BEST IN CLASS. THE Z50.

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A self loading battery swap system means the Z50 can safely refuel in less than 10 minutes without the use of dangerous heavy equipment.

Welcome to a new era in underground mining.

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BHP defers decision on Jansen mine POTASH

BY CECILIA JAMASMIE

B

Mining.com

HP (NYSE: BHP; LSE: BHP), the world’s largest miner, will decide whether to go ahead with its long-delayed multi-billion dollar Jansen potash project in Canada by mid-2021, about a decade after completing a feasibility study on the operation.

The company had planned to make an investment decision in February 2021, but delays relating to the completion of shafts have pushed out the date by a few months.

BHP said initial challenges with the placement of the shaft lining, which have been rectified, as well as the group’s Covid-19 response plan, impacted Jansen’s progress during the second quarter.

The project is 86% completed, the mining giant said, adding that it has earmarked US$2.7 billion to finish excavation and lining of the production and service shafts. The figure, part of a previously disclosed US$4

| Completion of shafts and pandemic delay Saskatchewan project

billion investment, is also expected to cover the further installation of surface infrastructure and utilities, it said.

The Melbourne, Australia-based miner has been mulling Jansen’s fate for at least seven years. In that period, it has spent billions of dollars laying the groundwork for the crop nutrient-producing project.

The recent delays on the project will result in additional costs, BHP said, adding that an expense review is underway.

The forecast capital cost for the execution of stage 1, however, remained unchanged at between US$5.3 billion and US$5.7 billion. That is the figure the board will have to vote on in February.

In the past, BHP has said that it would consider selling a stake in the project to share capital and risk.

Should Jansen move forward, the multi-phase project could cost as much as US$17 billion, according to industry estimates.

Located in Saskatchewan, about

— This article first appeared in our sister publication, Canadian Mining Journal.

140 km east of Saskatoon, the mine is expected to give BHP exposure to a market driven by rising global food demand, and represents one of the company’s few big growth prospects.

Jansen is slated to produce 8 million tonnes of potash annually, or

nearly 15% of global supply, over an estimated 70-year mine life.

Former BHP boss Andrew Mackenzie acknowledged last year that the company had “over-invested” in the project, but said it remained a very attractive option for the group.

APPO INTMENT

DEVELOPMENT From 1

for 20% of the project’s revenue, and contribute approximately 80,000 payable oz. gold-equivalent annually.

South32 (LSE: S32; ASX: S32), an Australia-based diversified miner, holds the remaining 50% in the Arctic project, which is held within the Ambler Metals joint venture. The feasibility was prepared based on a 100% ownership basis.

The miner exercised its right to form the joint venture in December of 2019.

This latest assessment follows up on a 2018 prefeasibility study for the project, which defined a similar production profile, but at a slightly slower capital cost. As a result, the resource and reserve estimates remain largely unchanged. The prior reserve stands at 43 million tonnes at approximately 5% copper-equivalent.

In the news release, Jim Gowans, a director of the company, also highlighted the prospectivity of the Ambler district and Alaska’s “solid environmental regulations and a balanced permitting process.”

Based on an exploration agreement and option to lease with Nana Regional Corporation, an Alaska Native regional corporation, once a construction decision is made, Nana has the right to purchase a 16% to 25% direct interest in the Arctic project, or to receive a 15% net proceeds royalty.

These options were not accounted for in the latest study.

In a research note commenting on the feasibility study, mining analyst Brian MacArthur of Raymond James described Trilogy as “an attractive base metals development opportunity” and said its high-grade project is in a low-risk jurisdiction and has the support of the Alaskan government, “which is a proponent of building a road which would join Arctic with current infrastructure.” Trilogy also “has support from Native stakeholders,” he commented, and is “well funded in the near-term.”

“We continue to believe Arctic is an attractive project given its partners, lower jurisdictional risk, high grade and lower capital intensity,” he summarized. “We also note that there are numerous other projects/targets in the region (e.g. Sunrise) which could add to the current mine life assumed in the feasibility study.” TNM

Headframe at BHP’s Jansen potash project, roughly 140 km east of Saskatoon, Saskatchewan. BHP

“Jansen is a tier 1 deposit, with potential to be one of the lowest-cost operations in the world,” current chief executive Mike Henry said.

Some of the company’s shareholders, however, have expressed their doubts about Jansen, particularly the idea of adding more supply to an already saturated fertilizer market.

The deposit can accommodate another three phases — at a cost of US$4 billion each — that would lift annual capacity to more than 16 million tonnes per year, vastly improving the economics of the project.

After selling its U.S. oil assets, BHP has sought to enter the potash market in Saskatchewan to diversify its asset base, which is concentrated on iron ore and copper.

In 2010, the Canadian government blocked BHP’s US$40-billion hostile takeover bid of Potash Corp. (now Nutrien) after deciding the company was a strategic national asset. TNM — This article first appeared in our sister publication, MINING.com.

NO TICE

B2Gold’s President & CEO, Mr. Clive Johnson, is pleased to announce the appointment of Mr. Victor King as Vice President, Exploration, effective July 1, 2020.

Mr. King has 30 years of management experience in the mining industry and extensive knowledge from working throughout Africa on numerous exploration, development and mining projects.

Mr. King started his management career in the early 1990s as Exploration Manager at Gold Fields Limited, where he led the exploration team that discovered and developed one of the largest gold mines in Ghana, the world-class Tarkwa Mine. From the early to mid-2000s, while working as Regional Exploration Manager, Africa, he was responsible for acquiring, discovering and advancing projects in various countries across sub-Saharan Africa. In 2009, Mr. King was appointed Chief Operating Officer at Volta Resources Inc., where he oversaw various exploration and development projects in West Africa, including the successful discovery of the five-million-ounce-plus Kiaka Gold Project in Burkina Faso.

Mr. Victor King Vice President, Exploration

Following B2Gold’s acquisition of Volta Resources, Mr. King joined the Company as Exploration Manager, West Africa in 2014. While in this role, he furthered B2Gold’s regional exploration activities and was part of the original due diligence team in Mali that led to the successful acquisition of the Company’s world-class flagship Fekola Gold Project. For over three years, Mr. King managed Fekola’s ongoing exploration programs and was instrumental in significantly increasing the project’s mineral resources.

He was also instrumental in the discovery of the Anaconda deposit adjacent to the Fekola Mine. In 2017, Mr. King was appointed Regional Vice President, West Africa, where he was responsible for regional corporate management, government relations, community relations and several key corporate social responsibility initiatives, including the successful resettlement of Fadougou village in Mali.

In his new role as Vice President, Exploration, Mr. King will be responsible for overseeing and managing B2Gold’s exploration projects around the world as well as identifying new opportunities for company growth.

Mr. King holds a Bachelor of Science in Geology (Hons) from the University of Cape Town, South Africa.

Please join us in welcoming Mr. King to the B2Gold executive team.

B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines, and numerous exploration and development projects in various countries including Mali and Colombia.

b2gold.com | TSX: BTO | NYSE AMERICAN: BTG | NSX: B2G

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AUGUST 31–SEPTEMBER 13, 2020 / THE NORTHERN MINER

GLOBAL MINING NEWS · SINCE 1915

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E D I T O R IA L

Better late than never GOLD

| Warren Buffett finally bets on the precious metal

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GROUP PUBLISHER/ PUBLISHER: Anthony Vaccaro, CFA, MBA avaccaro@northernminer.com EDITOR-IN-CHIEF: Trish Saywell, BA, MA, MSC (JOUR) tsaywell@northernminer.com SENIOR REPORTER: Carl A. Williams, BSC (HONOURS), MSC, PHD cwilliams@northernminer.com REPORTER: Magda Gardner, BASC (MINERAL ENG) mgardner@northernminer.com STAFF REPORTER AND PRODUCTION EDITOR: Daniel Sekulich dsekulich@northernminer.com ONLINE EDITOR AND PODCAST HOST: Adrian Pocobelli, MA (ENGL) apocobelli@northernminer.com EDITOR, DIAMONDS IN CANADA: Alisha Hiyate, BA (POLI SCI, HIST) ahiyate@northernminer.com ADVERTISING: Joe Crofts (416) 510-6816 jcrofts@northernminer.com Michael Winter (416) 510-6772 mwinter@northernminer.com SUBSCRIPTION SALES/ APPOINTMENT NOTICES/ CAREER ADS George Agelopoulos (416) 510-5104 (Toll free) 1-888-502-3456, ext. 43702 gagelopoulos@northernminer.com PRODUCTION MANAGER: Jessica Jubb (416) 510-5213 jjubb@glacierbizinfo.com CIRCULATION/CUSTOMER SERVICE: (403) 209-3505 1-800-387-2446 northernminer2@northernminer.com REPUBLISHING: (416) 510-6768 moliveira@northernminer.com ADDRESSES: Toronto Head Office: 225 Duncan Mill Road, Suite 320 Toronto, ON, M3B 3K9 (416) 510-6789 tnm@northernminer.com SUBSCRIPTION RATES: Canada: C$120.00 one year; 5% G.S.T. to CDN orders.

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arren Buffett has never been a big fan of gold. At Berkshire Hathaway’s annual general meeting in 2005, the billionaire investor said the precious metal “would be way down on my list as a store of value” and “I would much prefer owning a hundred acres of land near Nebraska, or an

BY TRISH SAYWELL apartment house, or an index fund.” And tsaywell@northernminer.com while that response to an investor’s question is now fifteen years old — his views on gold haven’t seemed to change very much over the years.

Or have they? Last week, Buffett surprised a lot of us, despite the soaring gold price, when filings to the U.S. Securities Exchange Commission revealed that during the second quarter, Berkshire Hathaway had purchased US$565 million in shares of Canadian miner Barrick Gold.

Since the news broke, I have spent some time canvassing the views of respected industry watchers. One of my favourite comments came from Pierre Vaillancourt, a veteran mining analyst in Toronto: “My initial reaction would have to be: ‘Better late than never’ – kind of like when he got on board with Apple or other tech stocks.”

CPM Group’s Jeffrey Christian helped put the investment into context by crunching the numbers. At current prices, he says, Berkshire Hathaway’s investment represents 18.5 million common shares, or about 1% of Barrick’s total share count. Berkshire Hathaway had US$707.8 billion in assets under management as of the end of 2018, he says. “It probably is substantially higher now, but at that level, the Barrick stake would have accounted for 0.08% of Berkshire Hathaway’s assets under management. It accounts for 0.3% of Berkshire Hathaway’s equity holdings listed in the 13F filing with the SEC on Aug. 14.”

In other words, Christian says, Berkshire’s shares in Barrick “are relatively insignificant to both Barrick and to Berkshire Hathaway and BH is far away from having what portfolio models would suggest is an effective exposure to gold mining shares.”

Good point. But even so, Buffett’s move into gold, no matter how small, has really caught the world’s attention. And while his top five investments are still Apple Inc., Bank of America Corp., Coca-Cola Co., American Express Inc. and Kraft Heinz Co., news of his tiny foray into one of the world’s biggest gold mining companies “is an important fillip for the sector,” Chris Hinde, director of Pick and Pen Ltd., a U.K.-based consulting firm, tells The Northern Miner.

For a man, Hinde says, who once commented that investing in gold had “no utility” and who “generally focuses on long-term returns,” his move into gold “suggests Berkshire Hathaway is in for the duration.”

“Famous for his value-based investing model, Buffett has long held the belief that investors should focus on industries that they understand (he avoided the Dot-com bubble) and on companies that exhibit solid fundamentals, strong earnings power, and the potential for continued growth,” Hinde says. “The gold-mining sector is not an obvious bedfellow for Berkshire Hathaway because it restricts investments to businesses that can be easily analyzed. However, Buffett also places high importance on transparency and on companies that make innovative strategic decisions and have high profit margins.”

For his part, CPM Group’s Christian says no one should have been surprised by Buffett’s purchase of gold shares. While Buffett has spoken in the past about how owning physical gold was not a good investment because (he incorrectly stated) it does not return a yield or dividends, Christian argues, it can and does for savvy investors.

“Warren Buffet has spoken about the wisdom of investing in productive assets,” Christian says. “In other words, gold mining companies instead of physical gold.”

And in this, Christian reasons, he is no different than Adam Smith, who wrote in his 1776 classic, The Wealth of Nations, “that one’s wealth is not measured by how much gold, silver, and cash one has in one’s safe, but rather by the amount one has invested in assets that produce more wealth, that is, companies.”

“Smith, like Buffett, knew that anything one can earn interest on, including cash, gold, and silver, depreciates over time,” Christian concludes. “Protecting against such long-term depreciation and other catastrophic events that can reduce the buying power of such assets depends on investing in companies that can generate new, additional wealth, at a rate equivalent to or greater than the depreciation of such assets.” TNM

COMPANY INDEX Agnico Eagle Mines . . . . . . . . . . . . . . . . 9 Alamos Gold . . . . . . . . . . . . . . . . . . . . . 12 ALX Resources . . . . . . . . . . . . . . . . . . . . 10 Americas Gold and Silver . . . . . . . . . . . 16 AngloGold Ashanti . . . . . . . . . . . . 1,14,15 Argonaut Gold . . . . . . . . . . . . . . . . . . . . 12 Barrick Gold. . . . . . . . . . . . . . . . . . . . . . . 1 Battle North Gold . . . . . . . . . . . . . . . . . 10 BHP. . . . . . . . . . . . . . . . . . . . . . . . . . . 3,16 Bonterra Resources . . . . . . . . . . . . . . . . 10 Canstar Resources . . . . . . . . . . . . . . . . . 14 Constantine Metals Resources . . . . . . . 13 Endeavour Mining . . . . . . . . . . . . . . . . 1,5 Evolution Mining . . . . . . . . . . . . . . . . . . 10 Falcon Gold . . . . . . . . . . . . . . . . . . . . . . . 9 Fresnillo . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Generation Mining . . . . . . . . . . . . . . . . 12 Great Bear Resources . . . . . . . . . . . . . . 10 Harmony Gold . . . . . . . . . . . . . . . . . . . . 10 Harte Gold . . . . . . . . . . . . . . . . . . . . . . . 13 HighGold Mining . . . . . . . . . . . . . . . . . 13 Hudbay Minerals . . . . . . . . . . . . . . . . . . 10 Iamgold . . . . . . . . . . . . . . . . . . . . . . . . 9,15

Kirkland Lake Gold . . . . . . . . . . . . . . . . . 7 MacDonald Mines . . . . . . . . . . . . . . 13,14 Makara Mining . . . . . . . . . . . . . . . . . . . 14 Nemaska Lithium . . . . . . . . . . . . . . . . . 15 Newmont . . . . . . . . . . . . . . . . . . . . 7,10,16 Nexus Gold. . . . . . . . . . . . . . . . . . . . . . 7,9 Novo Resources . . . . . . . . . . . . . . . . . . . . 7 Osisko Mining . . . . . . . . . . . . . . . . . . . . . 7 Pacton Gold . . . . . . . . . . . . . . . . . . . . . . 10 Pan American Silver . . . . . . . . . . . . . . . 13 Polymetal International. . . . . . . . . . . . . . 5 Polyus . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Pure Gold Mining . . . . . . . . . . . . . . 10,14 Semafo . . . . . . . . . . . . . . . . . . . . . . . . . 1,5 Sibanye-Stillwater . . . . . . . . . . . . . . . . . 12 South 32 . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Sun Peak Metals . . . . . . . . . . . . . . . . . . . . 6 TerraX Minerals . . . . . . . . . . . . . . . . . . . . 9 TMAC Resources . . . . . . . . . . . . . . . . . . 16 Trilogy Metals . . . . . . . . . . . . . . . . . . . . . 1 Wesdome Gold Mines . . . . . . . . . . . . . . 14 Windfall Geotek . . . . . . . . . . . . . . . . . . . 10 Yamana Gold . . . . . . . . . . . . . . . . . . . . . . 1

File photo of haul trucks at the Shotton open pit coal mine in northern England, which closed in June 2020. SMURRAYINCHESTER, WIKIMEDIA COMMONS

Coal mining ends in England, but Earth Overshoot Day points way forward | Human consumption is outstripping what the planet can produce

COMMENTARY

BY DR. CHRIS HINDE

Special to The Northern Miner

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t has been a difficult week for English mining engineers. A coal open pit closed in Durham on the same day (Aug. 17) as a thought-provoking press release by Global Footprint Network (GFN). The closure left just one industrial-scale coal mine operating in the country, and means that a once proud (and important) industry is almost at an end.

Coal is still needed globally, of course, and it remains mining’s most valuable extracted commodity, worth over US$600 billion annually. However, the closure of an unremarkable mine in Durham is a lesson for miners everywhere: you need to be extracting commodities that people want.

It has been a long time coming but the end itself has been sudden.

Coal mining in Britain dates back to the Romans, and 100 years ago there were some 1,500 underground and 100 surface coal mines on this small island, producing almost 300 million tonnes annually and employing nearly 1.2 million people. Even eight years ago, coal accounted for 40% of British electricity generation, but it had collapsed to a share of only 2% last year.

The last underground coal mine in England (Kellingley Colliery in North Yorkshire) closed five years ago, and closure of the Bradley surface mine on Aug. 17 left just the Hartington mine, in Derbyshire, operating, and that mine is expected to close within months.

True, there are still some tiny coalmining operations (by ‘free miners’) in Cumbria and the Forest of Dean, but, effectively, coal mining in England has come to an end, and it is also about to cease in Scotland and Wales.

The reason is mainly attributable to climate change and the adverse impact of carbon emissions. Indeed, California-based GFN reminded us of the importance of carbon emissions this week by announcing that Aug. 22 is Earth Overshoot Day. On that date, “humanity will have demanded as much from nature as the Earth can renew in the whole year.” In effect, we

are using as many ecological resources as if we lived on 1.6 Earths.

GFN estimates that the Earth crossed a critical threshold in the mid1970s when human consumption began outstripping what the planet could reproduce. In one of the few positive effects of Covid-19, however, GFN notes that the coronavirusinduced lockdowns this year have caused the global ecological footprint to contract almost 10%. Covid-19 has pushed Earth Overshoot Day back more than three weeks compared with last year, when it was July 29.

Nevertheless, the organization stresses that decisions need to be made around “how we produce food, move around, power ourselves, consume and how much land we protect for wildlife.” Reducing our carbon footprint by 50% would reduce the ‘overshoot’ date by 93 days.

GFN also calculates an Overshoot Day for individual countries should all humanity consume like the people in that country. Canada has the eighth earliest date globally (March 18), which is better than only four oil-rich Arab nations, oil producer Trinidad, Luxembourg and the United States.

The relatively low-consuming U.K. is ranked in a smug 50th place (we overshot on May 16 this year).

With food systems currently using 50% of our planet’s biocapacity, GFN notes that what we eat matters. Policies aimed at reducing the carbon-intensity of food and the impact of food production on biodiversity — while improving public health — deserve special attention, GFN says.

It is possible to live within the means of our planet, and miners are part of the solution. The industry’s focus needs to move — quickly — from oil and coal to battery metals and fertilizers. GFN calculates that if we move the Earth Overshoot Day back by five days each year, humanity would be using less than one planet before 2050. With our help it is doable. TNM — Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

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

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Impact investment to play critical and growing role in mining sector COMMENTARY

| Investors include banks, foundations, pension funds and individuals “IS THE MINING INDUSTRY NOW READY FOR IMPACT INVESTORS AND SHOULD IMPACT INVESTORS INVEST IN THE MINING INDUSTRY?”

BY ANDREW CHEATLE

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Special to The Northern Miner

mpact investing has become a strong emergent trend over the last decade. It is a trend, however, that has largely avoided the mining industry, and the mining industry has largely avoided impact investors. Is the mining industry now ready for impact investors and should impact investors invest in the mining industry?

Significant industry advances on ESG Over the last two decades our mining, exploration, and minerals industry, has undertaken a positive seismic shift in its approach towards Environmental, Social and Corporate Governance (ESG) practices. Today, nearly 100% of mining companies address the ESG (or CSR) question through their websites, symposiums, corporate presentations or ‘one to one’ meetings with investors. Crucially, this is backed up by real activity on the ground and in the communities within which we operate.

The importance of societal acceptance, sound environmental management and good governance, in order to explore, develop, or produce, is fundamentally understood by our industry. Leading mining companies, for example, Anglo American, have gone a step further with their publicly stated purpose being: ‘Re-imagining mining to improve people’s lives.’

Commitment to best practice is embraced by members of the Mining Association of Canada (MAC), who sign up to and are transparently audited on their compliance with Towards Sustainable Mining (TSM) Principles, and annually report on over 20 performance in-

FINANCING From 1

would increase substantially,” Mark Bristow, Barrick’s chief executive, said in an interview with The Globe and Mail on Aug. 10.

As for Endeavour, the $1 billion acquisition of Montreal-based Semafo has placed it in the top 15 global gold producers, with a $5.3-billion market capitalization.

A listing on the LSE would make Endeavour one of the most valuable precious metals companies currently on the exchange, joining the likes of Russian duo Polyus (LSE: PLZL) and Polymetal International (LSE: POLY), Mexico-focused Fresnillo (LSE: FRES), and the incoming Yamana, all of whom have a market value higher than US$4.5 billion.

In 2019, Endeavour and Semafo began talks to evaluate the benefits of combining the businesses but could not reach a deal at the time.

Discussions, however, resumed earlier this year.

De Montessus said the merger has created the largest gold producer in West Africa and brings together six mines producing with strong cash flows operating across Burkina Faso, Mali and Cote d’Ivoire into one portfolio.

“The Semafo assets are also performing well and are on track,” de Montessus said in the Aug. 5 conference call. “We have, therefore, maintained both Endeavour’s and Semafo’s guidance figures and aggregated them to obtain our pro forma guidance.”

Andrew Cheatle on assignment at Troilus Gold’s project in Québec.

ANDREW CHEATLE

dicators. Globally, members of the International Council on Mining and Minerals (ICMM) adhere to their Mining Principles as a condition of membership. Our industry can ill afford another Brumadinho-type mine tailings disaster and is now actively working to prevent such a future occurrence.

Earlier this month, the Global Industry Standard on Tailings Management was launched, supported by the United Nations Environment Programme (UNEP), ICMM, and the Principles for Responsible Investing (PRI) – whose members manage assets of more thanUS$103 trillion. On the same day (Aug. 5), the World Gold Council also released its Retail Gold

The combined entity, he added, will produce over 1 million oz. gold at below US$900 per oz. all-in sustaining costs this year, placing it within the bottom third of the industry cost curve.

Endeavour had long been considering a consolidation of the gold mining sector in West Africa, which is divided among a number of small to mid-tier mining companies. By acquiring Semafo, the company is able to expand its operations in Burkina Faso.

In November last year, an attack

by Islamist insurgents on workers travelling to Semafo’s Boungou mine in southeastern Burkina Faso left 39 dead and 60 wounded.

It was the third attack in 15 months targeting employees of Semafo, which has another gold mine, Mana, in the west of the country.

After the merger of the two companies, 70% of the combined entity is owned by Endeavour shareholders, with the rest held by Semafo shareholders.

Endeavour’s largest shareholder, Egyptian billionaire Naguib Sawiris, also invested an additional $136 million in support of the acquisition.

The investment, completed on July 3, was made through La Mancha Holding, a private holding company owned by the Sawiris family, that now owns a 24.1% stake in the company.

In May, the Canadian government decided to more closely scrutinize the acquisition, citing concerns over national security.

Although all foreign takeovers

Investment Principles focusing on seven areas, including transparency along with responsible gold sourcing.

It is evident through our work, standards, developing principles, discussions, and social responsibility projects, that our industry continually demonstrates its ability to positively help build community and develop nations. For some, ESG is now a purpose, alongside discovering and mining materials for a modern society, while also making a return on investment.

Impact investing is emergent In less than a decade, funds directly attributable to impact investors have grown from US$46 billion in 2014 to an estimated US$715 billion. If other funds with impact objectives and direct finance institutions are considered, the total market size could be valued at over US$2 trillion. The Global Impact Investing Network

(GIIN) anticipates this trend is set to accelerate – a view supported by the World Bank, which through the International Finance Corporation (IFC), estimates the ‘appetite’ for impact investing is potentially a massive US$26 trillion. It’s also believed that the trend towards impact investing will continue to grow as wealth is transferred to a younger, more socially aware, gender diverse, and activist generation.

But what is impact investing? GIIN broadly defines an impact investment as one made with the intention to generate positive, measurable social and environmental impact alongside a financial return. Such an investment challenges the paradigm that societal and environmental issues should be solely philanthropic, or that investments should be solely focused on fiscal return. Impact investors differentiate themselves as having intent, through their investments, to achieve or help achieve a specific ESG goal or Sustainable Development Goal (SDG). It is important to them that their investment has made a contribution, and that outcomes (including return on investment) are measured.

Investors entering the impact investing realm now include banks, family offices, foundations, pension funds, high net worth individuals and faith directed investments. The GIIN analysis of impact investments shows a great diversity of sectors, investment quantum, and geographic and business stage maturity. Their annual investor impact survey (2020) also reveals that the mining industry does not feature as a category, and that most impact investments go to sectors including energy, financial services, forestry, food and agriculture, and microfinance. The exception is the IFC, which has spent the last 60 years as an impact investor and continues to

invest in the mining industry. Those who have received IFC investments, becoming IFC clients, are familiar with the IFC Performance Standards and their positive impact on business and community and host government relationships. A fresh look at mining by other impact investors will show that we offer the will and the means to achieve their goals.

This matters Increasing alignment of purpose exists between the mining industry, its best practices, and impact investing goals. However, regardless of a growing alignment, currently, and on the whole, impact investors and the mining industry stand apart – and are perhaps even mistrusting or misunderstanding of each other. If we stand together, there is great potential for the goals of the mining industry, society, investors and governments to be met through aligned purpose and to meet development challenges such as poverty, education, inclusion, and climate change head-on. Impact investors should confidently enter our industry through either direct investment or a partnership in local businesses, to provide sustainable local supply, services, and develop communities.

At The Northern Miner’s upcoming Global Mining Symposium (Sept.

1-3), we will be exploring the role of impact investing and its potential investment in our industry. Through this event, we aim to start building trust and reaching out to an investment community that seeks to improve society, just as we do. TNM — Andrew Cheatle is a mining executive/ director and geoscientist. He is passionate about the mining industry’s role in community and national development.

Endeavour’s West African Ity gold mine in Cote D’Ivoire. ENDEAVOUR MINING

are screened for possible issues over national security, it is rare for the government to conduct a more thorough review, especially given that both companies are based in Canada.

Ottawa invoked Section 25.3 (1) of the Investment Canada Act, which allows for a review of Canada’s significant investments by non-Canadians that could be injurious to Canada’s national security.

In a May 13 conference call with analysts, de Montessus noted that the company had received a notice from the Director of Investments under the Investment Canada Act, indicating that the Ministry of Innovation, Science, and Economic Development was considering whether to

order a national security review of the transaction.

“This ties back to the Canadian government announcing enhanced review measures under the Investment Canada Act in response to Covid-19,” he said. “As we do not have assets in Canada, and we do not produce anything national security related, we don’t expect that this will be an issue and expect to close this transaction sometime in June.”

However, in an article in The Globe and Mail on May 24, a senior government official asserted that Sawiris’ business connections in Russia had prompted Ottawa’s unusual move.

In 2011, Sawiris sold telecom assets to Russian company VimpelCom

(now Veon), the unidentified official added.

The deal, worth US$6.6 billion, was passed at a special meeting of VimpelCom investors in Amsterdam and created the world’s fifth-largest mobile operator (at the time).

Two years later, the Canadian government blocked Accelero Capital Holdings, an investment company co-founded by Sawiris, from buying MTS Allstream, a national fibreoptic network, from Manitoba Telecom Services, citing national-security concerns.

The official also noted that Orascom Investment Holdings, a conglomerate chaired by Sawiris that operates the Koryolink mobile network in North Korea, was also another red flag for Ottawa.

On May 28, shareholders for the two gold miners overwhelmingly approved the merger.

The following day, the Superior Court of Quebec issued a final order approving the transaction, allowing the companies to proceed with filing the articles of arrangement for the transaction.

The Minister of Innovation, Science and Economic Development had until June 25 to consider whether to order a review of the acquisition.

However, no such order was issued.

On July 2, the transaction was closed and Semafo became a whollyowned subsidiary of Endeavour. TNM

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Sun Peak advances Shire polymetallic project in Ethiopia EXPLORATION

BY TRISH SAYWELL

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tsaywell@northernminer.com

avid Daoud, vice president of exploration and geology at newly listed Sun Peak Metals (TSXV: PEAK), was part of the exploration teams that discovered the Bisha and Asmara gold deposits in Eritrea when he worked for Nevsun Resources and its sister company, Sunridge Gold, in the early 2000s.

Now he believes there is an opportunity to repeat those two home-runs across the border in Ethiopia at the Shire gold project, which sits on the same Arabian Nubian Shield, 70 km from the Asmara project, which Sunridge Gold sold in 2016 to Shanghai Road and Bridge, a Chinese stateowned enterprise, and 150 km from the Bisha mine, now in production and owned by China’s Jinchuan Gold.

“We are very excited to be conducting mineral exploration in Ethiopia on the same Nubian Shield geology as we did in Eritrea at Bisha and the Asmara projects,” Daoud says in an email. “When we first visited the Shire project area, we saw the same tremendous mineral potential for discovery of large high-grade VMS deposits.”

Daoud says high-grade base and precious metal results from the junior’s first small diamond drill program that tested three VMS prospects at the Shire project “validate our vision and theory about this prolific greenstone belt.”

Assay results released in June from the project’s Meli license included 15 metres grading 3.18 grams gold per tonne, 25 grams silver per tonne, 2.2% copper and 1.4% zinc from 56 metres downhole in ML-001; 37 metres averaging 2.45 grams gold, 29.4 grams silver; 2.4% copper and 1.3% zinc starting from 47 metres in

| Company plans to restart drill program in September

“WE DID A LOT OF RESEARCH, VISITED A LOT OF PROJECTS, AND IDENTIFIED THE AREA WE’RE IN NOW AS BEING OUR TOP PRIORITY.” GREG DAVIS PRESIDENT AND CEO, SUN PEAK METALS

ML-002; and 35 metres of 2.52 grams gold, 22.3 grams silver, 1.8% copper and 1.5% zinc in ML-003 starting at a depth of 88 metres.

The Meli primary sulphide zones are copper and gold-rich VMS style mineralization, according to Daoud and his team, and the higher gold grades could imply the mineralization is near a VMS vent or vents. The mineralization is open along strike and at depth.

Drilling on its Terer license returned 18 metres averaging 3.95 grams gold, 45.5 grams silver, 1.4% copper and 1.6% zinc starting from 160 metres in KL-006; 7 metres grading 1.34 grams gold, 54.3 grams silver, 6.3% copper and 1.7% zinc from 11 metres depth in AR-001; and 13 metres of 1.35 grams gold, 16.9 grams silver, 1.1% copper and 1.7% zinc in AR-005, beginning from 49 metres in AR-005.

The Meli and Terer licences are part of a joint venture Sun Peak Metals has with Ezana Mining, a private Ethiopian company, while the other licences that make up the Shire project (Nefasit and Adi Dairo) are wholly owned by the Canadian junior.

Sun Peak Metals had to shut down

Sun Peak’s team at their Shire project in Ethiopia. From L-R: David Awram, chairman; Yordanos Melaku, country manager/ geologist; Scott Ansell, VP project development; David Daoud, VP exploration; Greg Davis, president and CEO; Hayley DeWitt, director. SUN PEAK METALS

its drill program in early March due to the coronavirus pandemic, but between now and next year the company plans to drill 18,000 metres and will have three drill rigs active starting in September. The program is expected to cost $7 million, after which the junior would have $5 million left in the bank.

Greg Davis, Sun Peak Metals’ president and CEO, who worked with Daoud at Sunridge Gold, raising over $50 million for the company, and was also part of Nevsun’s discovery team at Bisha where he was project manager, recalls how part of the team stayed together and evolved after its many years in Eritrea.

“Once Sunridge was wrapped up, we were looking for VMS districts around the world and we thought,

‘Let’s look over the border,’” he says.

“We went to Ethiopia in 2016 and introduced ourselves to the Ministry of Mines. We did a lot of research, visited a lot of projects, and identified the area we’re in now as being our top priority.”

“We were delighted with the opportunity we saw on our very first trip – we saw the same rocks we’d spent the last decade and a half looking at,” Davis continues. “Not only was it all unexplored, but there were also lots of prospective gossans, which are the surface expressions of these VMSes, so we were thrilled.”

At Bisha, the initial holes were drilled below an outcropping gossan and then a 450-metre step-out targetting a blind geophysical anomaly

successfully hit more than 160 metres of VMS mineralization. Similarly at Asmara’s Emba Derho copper-zincgold-silver deposit, the team identified a large geophysical anomaly offset from the gossans in 2005, and the first hole returned 206 metres of massive sulphides, which then led to the definition of a large mineralized body.

So far, Sun Peak Metals has flown roughly 80% of its licences looking for conductors with VTEM and completed detailed ground gravity work to help guide the drilling as it identifies areas with denser rock that might have been generated by massive sulphides. “We’ve identified two dozen priority targets, but they are all really good high priority targets,” Davis says. “They have the geophysical signatures we’re looking for: good strong copper and zinc in the soils and sometimes outcrop.”

“The geology is the same as both Bisha and Asmara. It’s the same trend that comes from the north and crosses the border — repeating series of volcanic rocks — and we’re looking for these VMS horizons that twist and turn and are deformed across the area and, in some cases, they outcrop in gossan.”

In addition, while there are a lot of historic mines in the Arabian Nubian Shield, “they don’t have much of a history of modern mines,” Davis says of Ethiopia, adding that the country has good infrastructure and a lot of cheap hydropower. (The company uses 10¢ per kilowatt-hour in its models but says that figure should come down once Ethiopia completes its massive Grand Renaissance Dam in the next decade.)

Sun Peak’s largest institutional shareholder is Denver-based Resource Capital Funds, which owns about six million of the company’s 78 million common shares.

“We were really happy to have RCF come on board. They’re known for their extensive due diligence,” Davis says. “They were privy to our data room and reviewed it in detail over a two-month period. They reviewed all of the country’s mining laws, its commercial codes, as well as all our geology and geophysics, and we had a lot of back and forth answering all their questions … We see it as a stamp of approval of the project and our team.”

The company listed on the TSX Venture Exchange on Aug. 17 and at press time was trading at 97¢ per share. The explorer has a $76-million market capitalization. TNM

SPECIAL FOCUS

ONTARIO Kirkland Lake Gold signs strategic alliance agreement with Newmont GOLD

Nexus Gold reports high-grade intercepts at McKenzie in Ontario | Company acquired property in early 2019

EXPLORATION

| Deal is worth US$75 million

BY CARL A. WILLIAMS cwilliams@northernminer.com

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Headframe at Kirkland Lake’s Holt gold mine in northeastern Ontario. KIRKLAND LAKE GOLD

BY DANIEL SEKULICH

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dsekulich@northernminer.com

irkland Lake Gold (TSX:KL, NYSE:KL) and Newmont (TSX: NGT; NYSE: NEM) have signed a strategic alliance agreement to collaborate on exploration and development work in northern Ontario.

Under the terms of the multimillion-dollar deal, announced on Aug. 17, Toronto-based Kirkland Lake and the world’s leading gold company are pledging to focus on the companies’ various properties located near Timmins, Ont., including Kirkland Lake’s Holt Complex.

The agreement sees Newmont paying Kirkland Lake US$75 million to acquire an option on certain mining and mineral rights related to the Holt Complex. But the companies are also committed to working together to identify additional exploration opportunities around their properties in the region, with the stated goal of advancing projects and creating value for both companies.

The Holt Complex was acquired

by Kirkland Lake in January 2016, and consists of three underground mines – Holt, Holloway and Taylor – as well as the Holt processing mill.

However, the Newmont option only applies to the Holt mine. Built in the late 1980s by Barrick Gold (TSX: ABX; NYSE: GOLD), Holt’s production last year totalled 113,952 oz. gold at an average grade of 4.4 grams gold per tonne.

Due to the pandemic, all operations were suspended at the Holt Complex at the beginning of April, and in July the company extended

the shutdown indefinitely. When the suspension was announced, Kirkland Lake’s president and CEO, Tony Makuch, said in a press release: “Going forward, we will continue to review strategic options for the Holt Complex properties, including the potential for additional explorations activities in the area. ”Newmont can only exercise its option in the event that operations restart at Holt. Kirkland Lake retains ownership of all infrastructure on the Holt property, including the mill, and will act as manager of activities related to the strategic alliance agreement.

In its own press release, Newmont said that the “formation of the strategic alliance provides Kirkland Lake Gold with capital to evaluate strategic alternatives for the future of the Holt mining complex, explore on its existing properties, and evaluate other regional opportunities where Kirkland and Newmont may cooperate in the future.”

News of the agreement with Newmont came just days after Kirkland Lake announced it was selling its stake in Osisko Mining (TSX: OSK).

The company said it was divesting itself of 32.63 million common shares of Osisko, at a price of $4.45 per share, for a total consideration of $145.2 million.

The Aug. 13 announcement also said Kirkland Lake had sold 748,700 common shares in Novo Resources (TSXV: NVO). The sales, which occurred in June and August, amounted to a total consideration of $2.58 million. Kirkland Lake still retains holdings in the company.

Meanwhile, Kirkland Lake con-

tinues to buy back its own shares, purchasing an additional 863,000 common shares for cancellation under its normal course issuer bid.

This brings the total share buyback this year to 11.9 million common shares for US$388.4 million.

At press time, Kirkland Lake’s shares were trading at US$52.26 within a 52-week trading range of $18.02 to $57.69. It has just under 276 million outstanding shares for a US$14.43-billion market capitalization. TNM

ost people know Nexus Gold (TSX-V: NXS; USOTC: NXXGF) from its portfolio of five gold projects in Burkina Faso, in particular its flagship near-surface Bouboulou orogenic gold deposit.

But security risks in West Africa in recent years, including an attack last year on Semafo’s Boungou mine in southeastern Burkina Faso that left 39 people dead and wounded 60 others, underscored the importance of diversifying the company’s risk, its chief executive says.

“Although we love working in this area of the world, there are jurisdictional and geopolitical issues you have to deal with when running operations there,” Alex Klenman said in an interview. “As good as West Africa is in terms of mining opportunities, it has roadblocks in terms of attracting North American investors. Of greatest concern is the increase in attacks by Islamist insurgents on mining operations in the region.”

That’s why Nexus Gold started to look for projects in other jurisdictions like Canada.

“In late 2018 and early 2019, we started to seek out Canadian-based assets that would allow us to hedge against more bad news coming out of West Africa as well as opening up our investor base,” Klenman said.

Ultimately the company ended up in the Red Lake region of northwestern Ontario with the acquisition in February 2019 of the McKenzie gold project, a 13-sq.-km property that hosts nine documented historical gold occurrences and has seen only limited exploration.

The company quickly got down

“WE STARTED TO SEEK OUT CANADIAN-BASED ASSETS THAT WOULD ALLOW US TO HEDGE AGAINST MORE BAD NEWS COMING OUT OF WEST AFRICA.” ALEX KLENMAN PRESIDENT AND CEO, NEXUS GOLD

to work, collecting about 60 grab and chip samples last summer that yielded assays including 135.4 grams gold per tonne and 9.3 grams gold per tonne on the northern portion of the property.

Buoyed by these results, the company engaged Rimini Exploration & Consulting as geological consultants on the project and tasked them with gathering historic data on the property.

In the fall of 2019, Rimini provided Nexus with a compilation of datasets comprising regional geological and geophysical data.

The compilation revealed multiple historic grab samples previously unknown to the company. These samples included high-grade assays ranging from 16.65 grams gold per tonne to 680.3 grams gold per tonne.

The findings aligned with assays from several high-grade historical grab samples already reported by the company, Klenman said, which returned gold values ranging from 9.37 grams gold per tonne to 331.14 grams gold per tonne.

See EXPLORATION / 9

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PMS: 135 C C:0 M:21 Y:76 K:0 R:255 G:203 B:88 HEX: #ffcb58

Kirkland Lake Gold is a leading senior gold producer operating in Canada and Australia that produced 974,615 ounces in 2019, with strong production growth expected in 2020. Our business profile is anchored by three high-quality operations including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, Canada, and the Fosterville Mine located in the State of Victoria, Australia. All three mines combine free cash flow generating operations, substantial inmine growth potential and attractive regional exploration upside to drive continued growth well into the future.

Supported by a strong balance sheet, our goal is to increase shareholder value by growing profitable, cash-flow generating production at our existing assets, returning capital to shareholders and pursuing new growth opportunities.

We have an experienced management team led by The Northern Miner’s 2019 “Mining Person of the Year,” Tony Makuch, and a highly skilled workforce that is committed to the responsible operation of our business, and to ensuring that we

Go For Gold in Everything We Do.

TSX: KL NYSE: KL ASX: KLA

G LOBAL M I N I N G

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THE NORTHERN MINER / AUGUST 31–SEPTEMBER 13, 2020

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Falcon Gold finds visible gold at Central Canada project GOLD

| Companies have explored the site for almost 120 years

BY CARL A. WILLIAMS

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cwilliams@northernminer.com

alcon Gold (TSX-V: FG) has reported drill results from a second hole at its flagship Central Canada gold project, located 22 km east of Atikokan and 160 km west of Thunder Bay in northwestern Ontario.

Drill hole 20-02 intersected 1 metre grading 23.11 grams gold per tonne starting from 35 metres downhole.

Assays from the first hole, 20-01, returned high-grade gold mineralization with over 3 metres grading 10.17 grams gold per tonne, including 6 metres grading 1.39 grams gold and 1 metre grading 18.6 grams gold, from 67 metres downhole.

“These commanding results from the Central Canada mine’s main trend have given our company another boost in confidence,” Karim Rayani, the company’s CEO, said in a press release. “The mine’s historical gold zone was reported to be a narrow, high-grade quartz vein, and our first two drill holes support the historical reports.”

Inspecting core samples from one of Falcon Gold’s properties. FALCON GOLD

“THESE HIGHGRADE VEINS AND ATTENDANT GOLD-MINERALIZED HALOS GIVE US A PREVIOUSLY UNIDENTIFIED EXPLORATION TARGET.” KARIM RAYANI CEO, FALCON GOLD

Hole 20-02 was the first hole to report visible gold mineralization within a mineralized intersection.

Both holes were part of a sevenhole 1,055-metre summer drilling campaign completed last month.

Each of the holes, the company said, successfully intersected a historical mine trend with mineralized quartz veins intersected to a depth of 175 metres. Hole 20-02 confirmed a high-grade mine trend for approximately 75 metres of strike trending west-southwest.

The deepest hole, 20-07, discovered a previously unidentified mineralized fault zone with extensive quartz veining from 142 metres to 177 metres below surface, the company reported. “Our geological team believes we are seeing definite confirmation that the zones are present, and, very importantly, the zones are contained within gold mineralized halos that may be several meters thick,” Rayani said.

“In my opinion, these high-grade veins and attendant gold-mineralized halos give us a previously unidentified exploration target with much greater

Rimini Exploration & Consulting geologist, Dylan Langille, inspecting drill samples in the core shack at Nexus Gold’s McKenzie gold project in Ontario. RIMINI EXPLORATION & CONSULTING EXPLORATION From 7

Rimini’s report also included historical intercepts from a drill program conducted by the previous owners in 2005.

The highlights included 8 metres grading 7.49 grams gold per tonne and 6 metres grading 2.1 grams gold on the southern section of the property, and 1 metre grading 1.89 grams gold and 1 metre grading 1.97 grams gold on the northern part.

Rimini’s data also indicated that little to no exploration had been conducted under the lake portion of the property. However, the regional geological data suggests that several northerly trending geophysical trends extend below the lake itself.

A preliminary review of historical lake sediment sampling from 1989 indicated anomalous gold values of 5.45 grams gold, 5.28 grams gold, and 3.98 grams gold.

“The additional data from Rimini provided us with a much better understanding of the project,” Klenman said. “The wealth of high-grade

historical samples and drill results indicated high-grade gold mineralization present in multiple locations on the project.”

In the fall of 2019, Rimini undertook a further 60-chip sample ground reconnaissance on the property, which traced the mineralization to the eastern boundary, and more precisely determined the areas of interest in the south of the property.

The company then used the historical data and the findings from the two prospecting programs to verify and prioritize drill targets for an initial drill program.

In May this year, the company acquired two additional claims located in the property’s immediate vicinity, adding 0.5 sq. km to the western portion of the McKenzie Island area of the project. The new property now covers approximately 14 square kilometres.

“A number of the historical samples were from McKenzie Island,” Klenman said. “By increasing our land position on the island, we could potentially add further value to the project.”

The company commenced a 1,000-metre drill program in June, with a plan to drill up to 10 holes to depths between 100 and 200 metres.

The drill program, Klenman said, was designed to test the mineralization potential of several gold targets occurring within an east-west trending corridor along the property’s southernmost section.

“We were keen to test areas that had historically shown high-grade gold mineralization as well as assessing additional targets in the immediate area to increase the initial drilling campaign,” Klenman said.

In July, the company decided to double the size of the drill program to 2,000 metres after seeing visible gold in a number of the drill samples.

Doubling the drill program “was a bit of a gamble,” Klenman said, “but that’s what exploration is, particularly at the early stage of a project. We weren’t wildcatting as we knew there was something there.”

The company reported assay results for the program’s first six holes in mid-August.

economic potential,” he added.

The Central Canada project is 20 km southeast of Agnico Eagle Mines’ (TSX: AEM; NYSE: AEM) Hammond Reef gold deposit, which has estimated measured and indicated resources of 208 million tonnes grading 0.67 gram gold per tonne for 4.5 million contained oz. gold.

According to Falcon, exploration at the Central Canada gold project has been conducted for almost 120 years.

Between 1901 and 1907, the construction of a 12 metre-deep mine shaft was undertaken. Then from 1930 to 1934, Central Canada Mines conducted development work, which included 1,829 metres of drilling and a vertical shaft to a depth of 45 metres with about 42 metres of crosscuts and drifts on the 100 metres level. It also installed a 68-tonne per day gold mill.

In 1934, the company outlined mineralization of approximately 230,000 oz. gold, with an average grade of 9.8 grams gold per tonne, Falcon reported.

Due to a lack of funds, no further work took place at the project

until 1965, when Anjamin Mines conducted diamond drilling, which returned a 1-metre section grading 37 grams gold per tonne from hole S2. An assay from hole S3 reported over 2 metres grading 44 grams gold.

In 1985, Interquest Resources drilled 13 holes totalling 1,840 metres that identified a 1-metre intersection grading 30 grams gold per tonne.

And from 2010 to 2012, TerraX Minerals (TSXV: TXR; US-OTC: TRXXF) carried out line cutting, geological surveys, and 363 metres of drilling.

Falcon also holds three other projects, the Camping Lake property in Red Lake in Ontario, a 49% interest in the Burton gold property with Iamgold (TSX: IMG; NYSE: IAG) near Sudbury, and the Spitfire and Sunny Boy gold claims near Merritt, British Columbia.

At press time in Toronto, Falcon was trading at 17¢ per share within a 52-week trading range of 3¢ and 25¢. The company has 87 million common shares outstanding for an $14.8-million market capitalization. TNM

The highlight was drill hole 2020006, which intersected 3 metres grading 13.25 grams gold starting from 69 metres downhole, including 1 metre grading 36.20 grams gold.

“It’s an excellent start and we’re pleased with the initial drill results,” Klenman said. “It’s always exciting to see visible gold in core samples, and the further we get into the drill program, the more interesting the assays become.”

Holes 2020-005 and 2020-006 were drilled from the same location, and both successfully intersected the same blue-grey vein, he said.

Hole 2020-005 returned 1 metre grading 3.42 grams gold from 46 metres downhole, including a higher-grade core of 1 metre grading 5.27 grams gold.

All six holes from the initial phase one program returned elevated gold assays with the last three holes, 2020-

004, 2020-05, and 2020-06, reporting visible gold mineralization, Klenman noted.

“So far, we’ve only received results for around 700 metres of the 2,000 metres program,” he said. “We’re keen to find out what the other seven holes will return, the assays from which we expect to receive in the next week or so.”

Based on the results from the first six drill holes, the company now plans a followup program by yearend to identify additional targets, and hopes to complete an additional 2,000 metres to 4,000 metres of drilling.

At press time in Toronto, Nexus was trading at 12¢ per share within a 52-week trading range of 3¢ and 14¢. The company has 162 million common shares outstanding for a $19.4-million market capitalization. TNM

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Pacton Gold uses AI to advance projects in Red Lake mining district TECHNOLOGY

| Algorithm identifies geological targets similar to other gold deposits

BY CARL A. WILLIAMS

I

cwilliams@northernminer.com

n the summer of 1925, the discovery of gold in northwestern Ontario’s Red Lake region triggered the last great gold rush in North America.

At the height of the gold rush, in 1926, more than 3,000 people had converged on the region.

By 1936, Howey Bay, in the heart of Red Lake, was the busiest airport in the world, transporting freight and passengers in and out of the goldfields every 15 minutes.

To date, the area has produced approximately 30 million oz. gold from 29 gold mines.

For the past 30 years, Dale Ginn, founder and chairman of Pacton Gold (TSXV: PAC; US-OTC: PACXF), has led or been part of teams that have been responsible for some of the most prominent gold discoveries in the region and beyond.

“I’ve been working in Central Canada for a long time and have been involved with several exploration and development companies,” Ginn says.

“Around two years ago, my team and I were awarded the Quebec Discovery of the Year Golden Hammer award for the Gladiator discovery.”

The high-grade Gladiator gold deposit, located 420 km northwest of Montreal, is now being mined by Bonterra Resources (TSX: BTR). The deposit contains indicated resources of 743,000 tonnes grading 8.5 grams gold per tonne for 202,000 contained oz. gold and inferred resources of 3.1 million tonnes grading 9.1 grams gold per tonne for 897,000 oz. gold.

Ginn says he has participated in a variety of gold and base metal discoveries, and he has worked with both senior and junior companies such as Goldcorp, which was acquired

by Newmont (TSX: NGT; NYSE: NEM), Hudbay Minerals (TSX: HBM; NYSE: HBM) and Harmony Gold (NYSE: HMY).

According to Ginn, his contributions have led to approximately 10 million oz. in resource generation and over $500 million in capital raised for exploration and development projects.

“I lived in Red Lake in the 80s and

Left: Pacton geologist, Eric Munro, at the Red Lake gold project in northwestern Ontario.

Above: A drill site at Pacton’s Red Lake gold project. PACTON GOLD

worked as a geologist for Dickinson Mines, which later became Goldcorp, the owners of the original Red Lake mine,” Ginn says. “I left there just before the mine went on strike, and gold was just under US$400 an ounce.

So, it was tough times there.”

At the time, he adds, the company was beginning to discover new highgrade gold zones that, only a few years later, were found to have expanded into massive zones of high-grade mineralization. However, the area remained relatively quiet until a couple of years ago, he says, when Great Bear Resources (TSX-V: GBR; US-OTC: GTBAF) made its discovery at Dixie.

“The key to their success was that the discovery has been in confederation rocks, which used to be considered less prospective than the Balmer series of rocks,” Ginn explains.

Both rock formations, he adds, are around the same age. However, the Balmer Assemblage units have hosted most of the gold produced from the area.

“Gold deposits in the Red Lake area are classified as orogenic gold,” Ginn says. “This type of deposit is characterized by a strong association with deep, crustal-scale fault structures and are largely restricted to brittle-ductile transition zones in the host rocks.”

In 2017, Pacton entered into several agreements with smaller prospecting companies in the Red Lake region and established several prime positions in the area. Then, around a year later, Great Bear made its Dixie discovery.

“Up until this discovery, most people had focussed on a specific rock type rather than the underlying structures that controlled the mineralization,” Ginn says. “Now, with the find and gold prices where they are, the region has become one of, if not the most, attractive regions in the world for gold discovery again.”

He notes that the large Australian gold producer, Evolution Mining (ASX: EVN), has moved into the area, Battle North Gold (TSX: BNAU; US-OTC: BNAUF), formerly called Rubicon Minerals, is advancing its Bateman gold project, and Pure Gold Mining (TSXV: PGM; LSE: PUR) is building its Madsen mine.

“There is now a re-focus on the area, and rather than excluding certain rock types, companies are exploring pretty much the whole greenstone belt, which also feeds into the Ojibwe area to the east of Red Lake,” Ginn says. “This area has already been fully staked.”

A large part of the greenstone belt has been underexplored for many

years, he adds, and so the area represents a significant opportunity for junior mining companies to explore new ground.

Using Ginn’s considerable experience and expertise and his extensive knowledge of the Red Lake region, Pacton has undertaken extensive exploration work in the area and now operates two gold projects there.

The first is its wholly-owned earlystage Red Lake gold project, located 10 km southeast of the town of Red Lake.

The property, Ginn notes, is wedged between Pure Gold Mining’s Madsen property, Great Bear’s Dixie discovery, and Newmont’s Red Lake mine.

In July 2019, channel and surface sampling at the property’s Boyden prospect confirmed historic highgrade gold mineralization, with five samples returning values between 4.5 grams gold per tonne and 126.5 grams gold per tonne, Ginn says.

A lidar survey of the property conducted the following month, he adds, greatly improved outcrop identification, and accelerated the mapping process.

“This was particularly important, as it allowed us to identify priority targets for our initial drill program,” Ginn says.

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In November, the company commenced a 38-hole 10,000-metre drill program at Boyden and, by February 2020, had completed around 3,000 metres. Operations were then suspended due to the Covid-19 outbreak and resumed in June.

Working with artificial intelligence specialists, Windfall Geotek (TSXV: WIN), Pacton has identified five priority target areas, including the Carricona East target, where recent reconnaissance drilling hit mineralization including 0.5 metre grading 17.2 grams gold per tonne from close to surface.

“We used Windfall’s CARDS analysis, which uses artificial intelligence and data mining techniques to identify targets by combining publicly available and private datasets including geophysical, drilling, and surface data,” Ginn explains.

The algorithm, he adds, is designed to identify areas of interest that are geologically similar to other gold deposits and mineralization in the Red Lake region.

Pacton’s other asset in the Red Lake region is the advanced-stage Sidace gold project, located at the northern extent of the Red Lake Greenstone Belt, 28 km east of Red Lake.

The project is a joint-venture partnership with Evolution Mining, where Pacton holds a 39.5% interest and Evolution Mining a 60.5% stake.

Towards the end of July, Ginn says a $2.44 million exploration program for the property was approved. The program includes 11,500 metres of drilling and re-logging and resampling of historic drill core and geophysical data, with both Pacton and Evolution contributing to the budget.

“This is a perfect time to be in the gold business,” Ginn says. “I’ve seen previous gold cycles and they never last forever, but the current one looks like it could be here for a while, so we’re pushing hard our exploration efforts on both projects.”

Pacton’s other Canadian asset is the Carpenter Lake uranium project, a 40-60 joint venture with ALX Resources (TSXV: ALX), previously called ALX Uranium, located in the Athabasca Basin’s southern margin in north-central Saskatchewan.

The company also owns the Egina, Boodalyerrie, and Nullagine-Beaton’s Creek gold projects in Western Australia’s Pilbara region.

At press time in Toronto, Pacton was trading at $1.25 per share within a 52-week trading range of 35¢ and $2.60. The company has around 33 million common shares outstanding for a $41.3-million market capitalization. TNM

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ONTARIO SNAPSHOT: EIGHT COMPANIES TO WATCH

An aerial view of Argonaut’s Magino gold property in northern Ontario, located 14 km southeast of Dubreuilville. ARGONAUT GOLD

Ontario’s long-standing mining legacy, availability of geological data and established track record with mineral explorers, developers and producers, position it as a world-class destination for the industry.

Below, we provide an overview of eight companies with assets in the province. n ARGONAUT GOLD Argonaut Gold (TSX: AR) is a gold and silver producer, with operations in Nevada and Mexico and pre-production assets in Ontario and Mexico.

In March, the company announced an all-share acquisition of Alio Gold, which added the Florida Canyon heap leach mine to its portfolio.

This year, Argonaut expects its operations to generate 210,000230,000 oz. gold-equivalent at all-in sustaining costs (AISCs) of US$1,225-1,350 per ounce.

The company’s heap leach El Castillo complex in Durango state includes the El Castillo and San Agustin mines. This year, the site is expected to deliver a total of 107,000118,000 oz. gold-equivalent.

Also in Mexico, Argonaut’s La Colorada open pit operation in Sonora state is forecast to churn out a further 53,000-55,000 oz. goldequivalent in 2020.

The newly acquired Florida Canyon heap leach operation is anticipated to generate an additional 50,000-57,000 oz. gold-equivalent this year. The Alio Gold merger closed July 1.

Florida Canyon has been operating since 1986. Located 72 km southwest of Winnemucca, the site covers over 118 sq. km and, according to the company, presents additional potential for transitional and sulphide mineralization.

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Argonaut’s Magino project in Ontario, 40 km northeast of Wawa, includes a past-producing underground mine, which generated 803,135 tonnes at 4.43 grams gold per tonne. This site is adjacent to Alamos Gold’s (TSX, NYSE: AGI) Island Gold mine.

A 2017 feasibility study for Magino suggests a 10,000 tonneper-day open pit operation, with a 15-year life. The mine would generate an average of 115,700 oz. gold annually, at AISCs of US$711 per ounce. With a pre-production capital cost estimate of US$293 million, the after-tax net present value estimate for the project is US$288 million, at a 5% discount rate. Magino reserves total 59 million tonnes grading 1.13 grams gold and contain 2.1 million oz. gold.

In July, Argonaut reported highgrade intercepts from areas below the proposed Magino pit. Highlights included 6 metres of 8.31 grams gold; 1 metre of 48.5 grams gold; and 2 metres of 25.88 grams gold.

Also in July, the company closed a $126.5-million bought deal

financing. Proceeds are intended for advancing the Magino project, as well as for general corporate purposes.

Argonaut also holds the Cerro del Gallo and Ana Paula projects in Mexico’s Guanajuato and Guerrero states.

The company has an $848-million market capitalization. n GENERATION MINING Generation Mining (TSX: GENM) is developing the 220-sq.-km Marathon PGM-copper project in northwestern Ontario, 8 km north of the town of Marathon.

In July 2019, Generation Mining closed its acquisition of a 51% initial interest in the Marathon property from Sibanye-Stillwater (JSE: SSW). The company also entered into a joint-venture agreement with the South Africa-headquartered miner, which allows it to increase its interest in the project to 80% by spending $10 million and completing a preliminary economic assessment (PEA) within four years.

Under the terms of the agree-

ment, Sibanye may then re-acquire a 31% stake in the project, bringing its total to 51%, by paying 31% of the capital cost to the joint venture upon a production decision. If it chooses to increase this interest, the producer would then pay 51% of the remaining capital, with Generation Mining effectively responsible for 34% of the initial project cost.

In September 2019, the company released an updated pit-constrained resource estimate for the Marathon deposit, based on a $25 per tonne net smelter return cutoff, with 179.2 million measured and indicated tonnes, at 1.24 grams per tonne palladium-equivalent (with contained palladium, platinum, copper, gold and silver), for a total of 7.1 million palladium-equivalent ounces. Additional inferred resources stand at 668,000 tonnes, grading 0.95 gram palladiumequivalent, for a further 21,000 oz. palladium-equivalent. Mineral resources are also contained within the smaller Geordie and Sally deposits at the property.

A PEA completed in January of this year, based on the measured and indicated Marathon deposit resource, outlined a 14-year open pit operation, producing an average of 194,000 oz. palladium-equivalent annually at AISCs of US$586 per oz. palladium, net of by-product credits. With a pre-production capital cost estimate of $431 million, the after-tax net present value estimate for the development comes in at $871 million, at a 5% discount rate.

This operation would ultimately produce a PGM-containing copper concentrate, expected to be very low in deleterious elements, that would be shipped off-site.

In July, Generation Mining announced that it had contracted engineering companies for a feasibility study on the Marathon project. The study is expected to be completed by early 2021. At the end of August, the company also released increased palladium, platinum and copper recovery projections, based on metallurgical test work. These include palladium recoveries of 86.9%, platinum recoveries of 84.2% and copper recoveries of 93%.

Generation Mining has a $58-million market capitalization.

See SNAPSHOT / 13

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Above: Mill at Harte Gold’s Sugar Zone mine, 80 km east of the Hemlo gold camp in northern Ontario. HARTE GOLD

Left: Ian Cunningham-Dunlop, HighGold’s VP of Exploration, at the company’s Munro-Croesus property, east of Timmins, Ont. HIGHGOLD MINING

SNAPSHOT From 12 n HARTE GOLD Harte Gold (TSX: HRT) holds the 793-sq.-km Sugar Zone property, 80 km east of the Hemlo gold camp, which hosts the Sugar Zone underground mine.

Following a four-month shut down earlier this year due to the Covid-19 pandemic, the Sugar Zone mine started back up at the end of July and the mill was restarted on Aug. 5. This year, the operation is expected to produce 20,000-24,000 oz. gold, increasing to 60,000-65,000 oz. by 2021.

Sugar Zone achieved commercial production in September 2019. Last year, the mine generated 27,316 oz. gold.

Next year’s production growth is expected to come from higher-grade areas as well as from increased mining rates and higher development advance rates. Next year, Harte plans to use paste backfill at Sugar to improve efficiencies and increase operating flexibility.

In addition, the company is evaluating a mill expansion to 1,200 tonnes per day by 2022, up from the current 800 tonnes per day capacity, with a feasibility study expected in the fourth quarter. Harte is transitioning to owner-operator from contract mining services at the site. The transition is also expected to be complete by year-end.

Probable reserves across the Sugar, Middle and Wolf zones total 3.9 million tonnes grading 7.1 grams gold per tonne, containing a total of 890,000 oz. gold.

In early July, the company entered into a binding term sheet with Appian Capital for up to US$30 million in financing to restart the Sugar Zone mine.

The financing package includes an US$18.5-million non-revolving credit facility, a US$9.5-million private placement and the grant of a 0.5% net smelter return (NSR) royalty, in exchange for a further US$2 million. The proceeds are expected to fund the start-up of the mine, while also providing a pathway towards expansion and an increase in exploration.

Appian currently holds 24.4% of the company’s shares; Orion Resource Finance has a 5.1% stake.

Harte Gold has a $159.6-million market capitalization.

n HIGHGOLD MINING HighGold Mining (TSXV: HIGH) holds the Johnson Tract project in south-central Alaska, as well as the Munro-Croesus property in Ontario, 75 km east of Timmins.

Johnson Tract covers 85 sq. km, is 16 km from a port and features a high-grade polymetallic deposit, with indicated mineral resources of 2.1 million tonnes, grading 6.07 grams gold, 5.8 grams silver, 0.57% copper, 0.8% lead and 5.85% zinc (10.93 grams gold-equivalent), containing 750,000 oz. goldequivalent. Inferred resources add 581,000 tonnes at 2.05 grams gold, 8.7 grams silver, 0.54% copper, 0.33% lead and 6.67% zinc (7.16 grams gold-equivalent), containing 134,000 oz. gold-equivalent.

Anaconda Minerals first discovered Johnson Tract in 1982.

Between 1982 and 1995, 88 drill holes were completed at the site, and metallurgical testing suggests good gold and base metal recoveries to marketable concentrates, which would be low in deleterious elements. HighGold acquired Johnson Tract in 2019.

According to the company, the Johnson Tract deposit is continuous and steeply dipping with thick and high-grade mineralization well suited for bulk underground mining methods and includes a highgrade core of 1.25 million tonnes at 14.5 grams gold-equivalent.

There are five exploration targets nearby the existing resource, distributed over 12 km of strike. These include the Northeast Offset zone, interpreted as an extension of the deposit, as well as the North trend, a 1-km-long undrilled alteration zone. This year, HighGold plans to drill at least 15,000 metres at Johnson Tract.

In Ontario’s Timmins gold camp, HighGold holds 200 sq. km of ground. Its holdings include the Munro-Croesus property, which features the historic Croesus mine, known for its bonanza-grade gold output. Munro-Croesus lies 3 km northwest of Pan American Silver’s (TSX: PAAS; NASDAQ: PAAS) Fenn-Gib gold deposit.

HighGold acquired the project in 2019, as part of Constantine Metals Resources’ (TSXV: CEM) gold asset spinout. In May, HighGold released drill results from Munro-Croesus, reporting a highlight intercept of 0.3 metre of 29.1 grams gold from a vein 80 metres southeast of the historic shaft and 30 metres down-dip of historic high-grade intersections. Additional assays are pending.

This year, the company plans to drill at least 5,000 metres across its Timmins-area holdings. Half of

this program was completed prior to a Covid-19 related suspension in March.

At the end of July, the company closed a $13.8-million bought deal.

Proceeds are intended for exploration and corporate use.

HighGold Mining has an $85.9million market capitalization. n MACDONALD MINES MacDonald Mines’ (TSXV: BMK) key asset is the high-grade, 183-sq.km SPJ project in Ontario, 40 km

northeast of Sudbury.

The SPJ project includes the Scadding, Powerline, Java, Blueberry, Loney and Golden-Copper properties and is prospective for high-grade gold mineralization, in addition to copper, nickel, silver, cobalt and rare earth elements (REEs).

According to MacDonald, the Scadding portion of SPJ features an unusual style of gold mineralization for a Canadian setting, where alteration zones preferen-

tially host polymetallic mineralization. The Geological Survey of Canada has recently suggested that SPJ lies within a potential ironoxide-copper-gold (IOCG) district.

Exploration results to date from the company’s program around the Scadding mineralization suggest that this zone is likely a gold-rich IOGC formation.

A geophysical survey completed over Scadding has outlined folds, See SNAPSHOT / 14

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Underground at Wesdome’s Eagle River gold mine, 60 km southeast of Hemlo and 50 km due west of Wawa, Ontario. WESDOME GOLD MINES

Geologists examine a face underground at Pure Gold’s Red Lake Mine. PURE GOLD MINING. SNAPSHOT From 13

which appear to control the placement and geometry of the goldbearing zones. Fold hinges appear to preferentially host gold.

The historic Scadding mine produced 127,000 tonnes between 1984 and 1990, at a head grade of 7.2 grams gold, from three shallow open pits and an underground decline. A 46-hole drill program started last fall. Drill highlights from the North Pit area included 12 metres of 52 grams gold; 19 metres of 59.2 grams gold; and 5 metres of 4.4 grams gold.

Drill results from SPJ reported in June and July showed high-grade mineralization along trend of a pastproducing pit and intersected a new, broad gold-bearing zone, which also returned copper, nickel, cobalt and rare earth elements assays.

Beyond Scadding, channel and grab samples from the areas within the SPJ property returned anomalous copper, nickel, silver and cobalt assays, in addition to gold.

This year’s 14,000-metre exploration program is aimed at further defining the Scadding mineralization and includes a series of holes targeting folds and hinge zones.

Additional work on the ground, as well as geophysics and drilling, is scheduled for regional targets.

In early August, the company closed a $4.2-million non-brokered private placement.

Macdonald Mines has a $25.3million market capitalization. n MAKARA MINING Makara Mining (CSE: MAKA; FSE: MK0) is focused on advancing the Rude Creek and Kenora gold projects in west-central Yukon and northwestern Ontario, respectively.

The 41.6-sq.-km Rude Creek property lies within the Dawson Range gold district, 160 km south of Dawson City. Makara’s mineral deposit model for the project is based on an orogenic gold system.

In August, the company started a 2,000-metre reverse circulation (RC) drill program at Rude Creek,

to focus on a 1,000-metre by 1,600metre gold-in-soil anomaly. Recent tight-spaced soil sampling completed over the 150-metre by 300metre Northeast prospect returned up to 1.17 grams gold per tonne.

Makara may earn up to 70% in Rude Creek. In May, the company signed an option agreement to earn the stake by paying $125,000 and issuing 3.8 million of its shares to the vendor as well as spending $3.2 million on exploration over the next three years.

Rude Creek is 12 km southeast of Western Copper and Gold’s (TSX: WRN) Casino deposit. Newmont’s (TSX: NGT; NYSE: NEM) Coffee deposit is also 45 km northwest of the property.

In Ontario, Makara holds the 8 sq. km Kenora project, 209 km east of Winnipeg. Gold mineralization was first discovered at this site in the late nineteenth century.

Exploration activity in the area picked up in 1984. The Canadian Pacific railway, as well as natural gas and hydro transmission lines,

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cross the property.

In the summer of 1994, Canstar Resources (TSXV: ROX) completed a reconnaissance mapping and sampling program at the site, with 25 of the 108 samples returning high-grade gold in or around shear zones. A subsequent prospecting campaign in 2015 revealed new gold showings, including a 68 grams gold sample from a mineralized shear zone. Additional prospecting and trenching completed between 2015 and 2017 returned channel intervals that include 18 metres of 2 grams gold and 29 metres of 3.1 grams gold.

In August, Makara also optioned the Idaho Creek property in the Yukon, adjacent to Rude Creek, from ATAC Resources (TSXV: ATC). Makara may earn a 100% interest in the project by making total cash payments of $150,000 and issuing 750,000 shares to ATAC by July 1, 2024, and spending $2 million on exploration at the site by Dec. 1, 2024. A one-time milestone payment of $1 per oz. gold-equivalent would be due to the vendor if a mineral resource is defined on the property.

Makara Mining has a $32.5-million market capitalization. n PURE GOLD MINING Pure Gold Mining (TSXV: PGM; LSE: PUR) is working towards a first gold pour from the past-producing Pure Gold Red Lake mine by year-end.

The 47-sq.-km site hosts a 7-km long prospective trend and two historic mines: the Madsen Red Lake and Starratt-Olsen mines, which together generated approximately 2.6 million oz. gold. Based on past operations, the Pure Gold site features a mill, tailings facility, a 1,275-metre shaft and 27 levels of underground workings as well as a ramp, along with grid power and highway access.

In February 2019, the company released the results of a feasibility study on an 800-tonne-per-day development at the site, which suggests a 12-year, high-grade underground mine producing up to 125,000 oz. payable gold annually.

Based on a pre-production total capital cost of $95.1 million and life-of-mine AISCs of US$787 per oz., the after-tax net present value estimate is $247 million, at a 5% discount rate, with a 36% internal rate of return.

By August, Pure Gold decided to go ahead with the development and secured a US$90-million financing with Sprott Resource Lending, made up of a US$65-million loan and a US$25-million callable gold stream.

In June of this year, the company also closed a $15-million nonbrokered flow-through financing, which is intended for additional

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exploration drilling across the Pure Gold property. Also in June, Pure Gold started a 30,000-metre underground and surface diamond drill program, aimed at near-term mine plan optimization and resource growth, while also targeting new discoveries.

In July, Pure Gold reported highgrade results from the site. Highlights included 10 metres of 12.8 grams gold per tonne; 2 metres of 9.3 grams gold; and 2 metres of 10.6 grams gold.

Probable reserves at Pure Gold total 3.5 million tonnes, grading 9 grams gold per tonne, for a total of 1 million ounces. The reserves are within indicated resources of 7.2 million tonnes at 8.9 grams gold, with an additional inferred resource of 1.9 million tonnes, grading 7.7 grams gold. While the entirety of the reserve is within the Madsen deposit, resources include contributions from the Fork, Russet South and Wedge zones.

In August, AngloGold Ashanti (JSE: ANG) exercised 5 million share purchase warrants, investing an additional $5 million into Pure Gold, which brought its stake in the developer to 16%. AngloGold remains the company’s largest shareholder.

Pure Gold Mining has a $773.7-million market capitalization. n WESDOME GOLD MINES Wesdome Gold Mines (TSX: WDO) holds the Eagle River operation in Ontario, 50 km east of Wawa, as well as the past-producing Kiena complex in Quebec, within the Val-d’Or town limits.

This year, the company expects to generate 90,000-100,000 oz. gold at AISCs of US$985-1,040 per oz., which is unchanged from its January guidance. The majority of production is expected to come from the Eagle River underground mine, with a contribution from the Mishi pit. The underground and open pit feed a central 850-tonneper-day mill at Eagle River.

In recent months, underground drilling at the Eagle River mine has traced the Falcon zone, from surface, over 1,000 metres down plunge. The area is interpreted as the up-plunge extension of the 7-zone that is in production and the extensions are nearby existing infrastructure. Drill highlights released in July from the Falcon and 7 zones included 5 metres of 49.9 grams gold per tonne; 6 metres of 314.4 grams gold; and 2 metres of 68.4 grams gold.

Proven and probable reserves across the 110-sq.-km complex total 1.2 million tonnes, at 14.4 grams gold, containing 550,000 ounces. This year, Wesdome expects to drill 85,000 metres underground at Eagle River, with a further 33,500 metres budgeted towards surface exploration.

In Quebec, the 70.5-sq.-km Kiena complex has been on care and maintenance since 2013 and contains a permitted, 2,000 tonne per day mill, a 930-metre shaft, and a ramp system that extends down to 1,050 metres.

In May, Wesdome released the results of a preliminary economic assessment on a restart of Kiena.

The study outlined an eight-year operation, producing an average of 85,931 oz. gold annually at AISCs of US$512 per ounce. With an initial capital cost estimate of $35 million, the after-tax net present value estimate of the development is $416 million, at a 5% discount rate.

Wesdome expects to drill 80,000 metres at Kiena ahead of a resource estimate in the fourth quarter, which would be followed by a prefeasibility study. A production restart decision is expected next year.

Wesdome Gold Mines has a $1.9billion market capitalization. TNM

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Military coup delays sale of Iamgold’s Sadiola gold mine in West Africa MALI

| US$105 million deal on hold

BY CECILIA JAMASMIE

I

Mining.com

amgold (TSX: IMG; NYSE: IAG) has delayed the sale of its Sadiola gold mine in Mali, a joint venture with South Africa’s AngloGold Ashanti (NYSE: AU), as the country reels from a coup, the second in less than ten years.

The Toronto-based miner and its partner reached a US$105 million deal in December to sell their 82% combined stake (41% each) in the gold project to Australia’s Allied Gold.

The transaction was expected to close in April, but the coronavirus pandemic affected the timeline.

Mali’s President Ibrahim Boubacar Keita resigned on Aug. 18, after seven years as head of state, and dissolved parliament hours after soldiers detained him at gunpoint and seized power in a coup.

The coup sparked international condemnation and is likely to further destabilize the West African nation,

Soldiers on the streets of Mali’s capital Bamako during the August coup d’état.

MARIAMA DIALLO, VOA

following months of anti-government mass protests and a rising insurgency from Islamist militants.

On Aug. 19, Colonel Assimi Goita declared himself the leader of the military figures behind the coup —

a group that identifies itself as the National Committee for the Salvation of People (CNSP).

Experts believe that miners operating in the country’s west and south are unlikely to face any significant threats

to their assets. They will, however, deal with disruptions, including the imposition of a nightly curfew and the closure of all Malian borders, according to Alexandre Raymakers, senior Africa analyst at risk analysis company Verisk Maplecroft.

Mining companies should also expect substantial administrative delays when dealing with authorities as government structures will be paralyzed by the ongoing political crisis, the expert told MINING.com.

Mines and petroleum minister Lelenta Hawa Baba Bah and her closest associates are unlikely to return to the ministry; however, operators can expect some form of continuity as senior civil servants will remain in their posts.

Furthermore, ECOWAS sanctions will involve the closure of land and air borders, paralyzing operators’ export routes and logistical lines.

“Considering the fragility of the Malian economy, we do not expect a new transitional government to

drastically alter government policy towards the country’s mining sector,” Raymakers stated in an email response to questions. “Elites from all walks of the Malian political sphere welcome foreign investment in the mining sector as a crucial part of the economy.”

Sadiola, one of the three assets AngloGold Ashanti put on the chopping block this year and Iamgold’s founding asset, is also owned by the Mali government, which has an 18% interest.

“We note that the only outstanding matter is the signature of the prevailing government authorities,” Iamgold spokeswoman Indi Gopinathan told Reuters. She did not provide an estimate on closing.

The open-pit mine is near Mali’s border with Senegal, 70 km south of the town of Kayes, and 510 km northwest of the Malian capital of Bamako. TNM – This article first appeared in our sister publication, MINING.com.

Nemaska Lithium accepts sale proposal from creditors FINANCING

BY CANADIAN MINING JOURNAL STAFF

A

fter completing a sale or investor solicitation process (SISP) under the Companies’ Creditors Arrangement Act (CCAA), Nemaska Lithium (TSX: NMX) has ultimately accepted a sale proposal, structured as a credit bid, from Orion Mine Finance (its largest secured creditor), Investissement Québec and the Pallinghurst Group.

As part of the bid, Nemaska would be reorganized into a new entity that would hold specific excluded assets and liabilities of Nemaska, Residual Nemaska Lithium, with Nemaska shares exchanged for the units in the residual company.

Pallinghurst and Investissement Québec would then acquire, on a 50-50 basis, the shares of Residual Nemaska Lithium, which would then be amalgamated with the unit controlled by Orion to form New Nemaska Lithium.

New Nemaska Lithium would assume at least $146.5 million of liabilities, which includes secured claims held by Orion and Johnson Matthey Battery Materials.

Current Nemaska employees would move over to New Nemaska Lithium and the company’s obligations under the Chinuchi agreement with the Cree Nation of Nemaska, the Grand Council of the Crees (Eeyou Istchee) and the Cree Nation Government would be assumed by New Nemaska Lithium.

Pallinghurst, together with Investissement Québec, intend to invest up to $600 million in New Nemaska Lithium (including amounts paid to Orion) for the lithium mine and electrochemical plant after closing and once required approvals are in place.

This bid is conditional upon approval under Canada’s Competition Act and court approval. If the approval goes ahead, closing would be expected by Oct. 15.

Nemaska filed for creditor protection under the CCAA in December of 2019.

After closing, Residual Nemaska

| Company to be reorganized into new entity

View of Nemaska Lithium’s Whabouchi property in west-central Quebec, looking towards the mine’s infrastructure. NEMASKA LITHIUM

Lithium would present a plan to its creditors regarding the residual cash and assets held by the entity.

Based on the terms of the bid and the consideration, “holders of the corporation’s common shares will not receive any payments for, or distributions on, their common shares in connection with the CCAA proceedings, nor will they hold any interest in New Nemaska Lithium following the completion of the plan of compromise or arrangement.” TNM – This article first appeared in our sister publication, Canadian Mining Journal

This year, Alamos Gold has advanced two key growth initiatives in Ontario.

July 8, 2020

July 14, 2020

Young-Davidson Mine: We announced the completion of the lower mine expansion, a milestone which transitions the mine from a reinvestment phase to a period of strong free cash flow growth.

Island Gold Mine: We announced a shaft expansion as a major step forward to increase production, lower costs, and make this operation even more profitable.

Visit out website at www.alamosgold.com

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AUGUST 31–SEPTEMBER 13, 2020 / THE NORTHERN MINER

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

Shandong Gold calls on Canadian government to approve TMAC purchase M&A

| Ottawa could block acquisition citing strategic issues

BY CECILIA JAMASMIE Mining.com

S

handong Gold Mining, one of China’s top bullion miners, said its acquisition of a Canadian junior that owns the massive Hope Bay property in Nunavut should be approved for economic reasons.

In May, the Chinese state-controlled miner signed a US$149 million deal to buy struggling TMAC Resources (TSX: TMR). The company, which went public in 2015, had seen its shares fall from a peak of $10.77 in 2018 to $1.68 the day before Shandong’s bid and to $1.49 on August 13.

The gold giant offered TMAC $1.75 a share in cash and committed to purchase another 12 million shares, at the same price, in a private placement for around US$15 million.

The Toronto-based miner’s shareholders approved the transaction in June, but it still requires the Canadian government’s sign-off.

Shandong’s main objective is to add TMAC’s Hope Bay gold property in the Canadian Arctic, a region of growing strategic importance as climate change makes shipping lanes and resources more accessible.

Lawyers and security analysts have said the crucial location of the asset could make Ottawa block the deal.

“The net benefit to Canada will be an international company focused on … continuing to drive and ex-

TMAC’s Doris gold mine in Nunavut, part of its Hope Bay property. TMAC RESOURCES

pand Canadian employment and the broader spend from Canadian suppliers,” Mark Wall, the newly appointed chief executive of Shandong’s unit Streamers Gold Mining Corp., recently told Reuters.

Streamers and Shandong Gold act together as one group in respect of the acquisition of TMAC Resources.

Liu Qin, director of Shandong Gold Mining, highlighted in a statement the ties between the company and Mark Wall.

“We have worked closely with Mr. Wall during our successful partnership with Barrick Gold and welcome

him to lead our Canadian business,” he said. “His extensive background in the industry will serve us well in Nunavut, beginning with the development of an expansion feasibility study aimed at doubling the output at Hope Bay,” Qin noted.

TMAC acquired Hope Bay in 2012 and poured the first gold at its newly developed Doris mine in 2017. The operation has been beleaguered by difficulties that began when the recovery circuits did not function as well as expected.

Though the junior injected more than US$450 million into the asset,

it never reached its full potential.

Last year, the mine churned out 139,510 oz. gold and the mill’s processing rate averaged 1,620 tonnes of ore per day.

In March, TMAC published the results of a prefeasibility study (PFS) for an expansion of the operation to 4,000 tonnes per day. The cost of the upgrade is estimated to be US$491 million ($648 million).

While the PFS was being finalized, the company launched a strategic review of the best path forward for the mine and company, a process that led TMAC to Shandong Gold.

The Canadian miner has said that Shandong has the financial strength, technical capability and long-term vision to maximize the value of the Hope Bay camp, which also holds the Madrid and Boston deposits.

That value could extend beyond shareholders’ pockets. Gold, which contributed nearly US$900 million in revenues in Nunavut last year, is the single biggest source of mining revenues and royalties for Inuit associations.

The Hope Bay property has been explored by BHP (LSE: BHP; NYSE: BHP), Miramar Mining, Newmont (NYSE: NEM) and TMAC over a 30-year period. Over that time more than US$1.5 billion has been spent on exploration, evaluation, surface infrastructure and mine and process plant development.

Doris mine, the first at Hope Bay, is expected to generate as much as US$400 million in royalties alone over its lifetime for the bodies representing the Inuit people in Nunavut, including the Kitikmeot Inuit Association and Nunavut Tunngavik Inc. Locals claim those benefits have not always trickled down to communities. In 2018, TMAC fell short of employment goals, failing to fill the equivalent of 70 full-time positions.

The miner had to pay a $90,700 fine as a result, filings with the Nunavut Impact Review Board show. TNM — This article first appeared in our sister publication, MINING.com.

Americas Gold and Silver hits high-grade silver at Galena complex IDAHO

| Results from two holes of initial exploration programme

BY CARL A. WILLIAMS

A

cwilliams@northernminer.com

mericas Gold and Silver (TSX: USA) has announced drill results from two holes at its Galena complex in the Silver Valley of northwest Idaho, 3 km west of Wallace in Shoshone County.

The Galena Complex consists of the operating Galena mine, the Galena processing plant, the Coeur mine, and the Coeur processing plant, both of which are on care and maintenance, and the Caladay exploration project.

Drillhole 55-124 intersected 4.2 metres grading 739 grams silver per tonne and 1.6% copper starting from 320 metres downhole, including 2.4 metres grading 1,046 grams silver and 2.3% copper, while drill hole 55-125 cut 1.8 metres grading 2,381 grams silver and 1.7% copper starting from 36.3 metres, including a high-grade core of 0.2 metres grading 8,779 grams silver and 5.9% copper.

The drill campaign is targeting extensions to three separate vein systems located below the Galena mine, the company’s president and CEO, Darren Blasutti, said in an interview.

The two drill holes represent initial exploration drilling and include the down-dip projection of the 72 vein, which was a significant contributor of mineralized material during the height of production at the mine from 2000 to 2004. The 72 vein produced over 9.5 million oz. silver between 2000 and 2006, which, Blasutti said, is more than the whole mine produces today.

“The Galena mine started over a

Geologist Morgan Vane examining a piece of galena from drill hole 52-501 at the 360 vein at the Galena complex project. AMERICAS GOLD AND SILVER

Miners in hoist at the Galena complex in northwest Idaho. AMERICAS GOLD AND SILVER

hundred years ago, but it has never really had any modern exploration carried out at it,” Blasutti said. “It’s only in the last few years that we’ve had block model and 3D models to predict the main ore structures.”

The other vein systems being targeted include the high-grade 175, 185, and silver veins, which are projected to converge approximately 100 metres below the mine at what Blasutti calls the “triple point,” and follow-up drilling is planned to extend the 291 and 360 vein systems down dip.

“We knew there was high-grade ore at the bottom where we were mining, but you can’t drill ‘between your feet’ you’ve got to have the money to go

Sprott on the joint venture,” Blasutti says. “He immediately recognized the project’s high-grade silver mineralization potential and was very excited to get involved.”

The 18-month recapitalization plan will allow the company to increase development, modernize infrastructure, purchase new mining equipment, and target exploration below current operating areas, with the aim of increasing resources and production and reducing operating costs at Galena. The plan is budgeted to fund approximately 39,000 metres of exploration drilling, he says.

“So far, we’ve drilled 13 holes over 13,000 metres and plan to complete

out and be able to drill down below,” Blasutti says. “However, because the silver prices were so low, we weren’t able to raise the funds to start drilling.”

That changed in October 2019, when the company entered into a 60-40 joint venture agreement with Eric Sprott to recapitalize the project’s mining operations.

Under the agreement, Sprott initially committed up to US$20 million to fund capital improvements and operations for the first year, in return for a 40% interest in the property.

Americas Gold and Silver invested an additional US$5 million to fund further capital improvements in 2020.

“We were thrilled to partner with

the drilling by mid-2021, and will also include exploration of the Caladay project,” Blasutti says.

In other recent news, the company reported a second-quarter net loss of US$10.8 million, or 9¢ per share, on revenues of US$4.6 million, and a $25 million bought deal financing.

A syndicate of underwriters co-led

by Desjardin Capital Markets and Cormark Securities has agreed to buy 6.48 million common shares at $3.86 per share. The proceeds will be used for exploration, development and improvement of its existing mine properties and bringing Relief Canyon into commercial production.

In an operational update, the company noted that commercial production at Relief Canyon in Nevada has been delayed until the fourth quarter due to “various start-up challenges, including equipment issues with the radial stacker, inconsistent operating practices, and variable solution application rates.”

The company also noted that an illegal blockade at its Cosala operations in Sinaloa, Mexico, has been resolved, and it expects the operation to restart before the end of the third quarter.

At press time in Toronto, the company was trading at $3.95 per share within a 52-week trading range of $1.39 and $5.12. The company has around 106 million common shares outstanding for a $418.7-million market capitalization.

Bhakti Pavani, who covers the company for Alliance Global Partners, has a buy rating on the stock and raised her target price on Aug. 18 to $5.25 per share from $3.09 per share. TNM

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THE NORTHERN MINER / AUGUST 31–SEPTEMBER 13, 2020

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AUGUST 31–SEPTEMBER 13, 2020 / THE NORTHERN MINER

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M A R K E T N EWS TORONTO STOCK EXCHANGE / AUGUST 17-21 The S&P/TSX Composite Index rose 0.02% to 16,517.85 during the Aug. 17-21 trading week.

The S&P/TSX Global Mining Index fell 0.18% to 99.07 and the S&P/TSX Global Base Metals Index dropped 0.41% to 102.77. Spot gold fell US$2.40 per oz., or 0.12%, to US$1,942.40 per oz., while the S&P/TSX Global Gold Index increased by 1.88% to 376.18.

Canarc Resources’ shares jumped 18.18% to 13¢. The company announced a non-brokered private placement of up to 40 million units at 8¢ per unit for gross proceeds of $32 million. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire an additional common share of the company for 13¢ for a period of 24 months.

Canarc plans to use the money to advance exploration at the company’s Canadian gold projects and to strengthen working capital.

The company’s main Canadian asset, the New Polaris project, hosts a historical gold mine.

Canarc also plans to consolidate its issued and outstanding common shares on the basis of five pre-consolidated shares for one postconsolidated share to provide the company with a share capital structure that will better attract institutional investors. In addition, the company plans a name change to Canagold

Resources to better reflect its renewed focus on its Canadian projects.

Sabina Gold and Silver rose 17.94% to $2.63 per share. The company reported assays from the first three of six drill holes completed at the Umwelt deposit on its wholly owned flagship Back River gold project in Nunavut, 520 km northeast of Yellowknife. Highlights included 19 metres grading 15.15 grams gold per tonne starting from 229 metres downhole; 28 metres grading 12.64 grams gold starting from 363 metres; and 7 metres grading 19.27 grams gold from 250 metres downhole. The drill program was designed to test whether higher average gold grades at the property’s Vault zone extend up plunge to the bottom

TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy B2Gold Corp Barrick Gold Kinross Gold Yamana Gold First Quantum Trevali Mng Teck Res GoldMining Jaguar Mng

SU 39873 BTO 35263 ABX 33798 K 20651 YRI 14360 FM 14029 TV 13874 TECK.B 12900 GOLD 12796 JAG 10907

22.84 9.66 41.09 12.70 8.55 13.64 0.16 16.96 3.67 0.92

WEEK LOW CLOSE CHANGE

20.82 7.93 38.04 11.27 7.78 12.26 0.13 14.96 2.39 0.82

20.89 8.25 38.60 11.41 7.90 12.39 0.15 14.97 3.60 0.84

+ + + + + +

1.68 0.65 2.81 0.16 0.10 0.29 0.02 0.03 1.22 0.04

of the planned open pit at Umwelt.

Silver Bull Resources’ shares climbed 16% to 14.5¢ per share. Silver Bull announced an option agreement with Copperbelt AG, a privately held Swiss-based exploration company, to acquire its flagship Beskauga copper-gold deposit in northeastern California. Silver Bull will pay Copperbelt US$30,000 once the agreement is executed, and an additional US$40,000 after completing due diligence on

the property. Silver Bull will then have four years to spend US$15 million on exploration there, after which it will pay Copperbelt US$15 million in cash to acquire the property. In addition, Silver Bull may pay Copperbelt a bonus of up to US$32 million should it publish a bankable feasibility study with a resource of up to 10 million oz. gold-equivalent on the main Beskauga prospect, and 5 million oz. gold-equivalent on an additional prospect. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

GoldMining Century Global New Milln Iron Potash Ridge Pine Cliff En Mega Uranium Canarc Res Sabina Gd&Slvr Trevali Mng Silver Bull Re General Moly Goldgroup Mng Orea Mining TMAC Resources Xanadu Mines Northcliff Res Kerr Mines Orosur Mng Dynacor Gld Mn Erdene Res Dev

GOLD CNT NML SOP PNE MGA CCM SBB TV SVB GMO GGA OREA TMR XAM NCF KER OMI DNG ERD

12796 57 5541 7909 5728 4900 7553 5182 13874 3437 269 2388 2185 1108 753 513 4292 142 420 2252

3.67 0.12 0.08 0.04 0.24 0.13 0.14 2.64 0.16 0.17 0.36 0.10 0.21 1.45 0.06 0.04 0.15 0.07 2.39 0.60

VOLUME (000s)

WEEK LOW CLOSE CHANGE

2.39 0.08 0.06 0.03 0.17 0.11 0.11 2.24 0.13 0.13 0.16 0.07 0.16 1.16 0.05 0.03 0.13 0.07 2.02 0.49

3.60 0.12 0.08 0.04 0.23 0.13 0.13 2.63 0.15 0.15 0.16 0.07 0.16 1.16 0.05 0.03 0.13 0.07 2.03 0.50

+ + + + + + + + + + -

51.3 43.8 33.3 33.3 32.4 23.8 18.2 17.9 16.0 16.0 49.2 22.2 20.5 19.4 16.7 14.3 13.3 13.3 13.2 13.2

Kirkland Lake Barrick Gold Victoria Gold Newmont Corp Aura Minerals Wheaton Prec M Teck Res GoldMining Seabridge Gld NovaGold Res Nutrien Suncor Energy Torex Gold Orla Mng Ltd B2Gold Corp Pan Am Silver SSR Mining MAG Silver Americas Silvr Lithium Amer

KL ABX VGCX NGT ORA WPM TECK.A GOLD SEA NG NTR SU TXG OLA BTO PAAS SSRM MAG USA LAC

4598 33798 1412 580 5 5391 22 12796 462 1720 3919 39873 1908 2037 35263 2409 2407 1023 5199 3112

WEEK CLOSE

70.08 38.60 19.70 86.53 232.25 68.36 18.94 3.60 24.42 12.11 49.23 20.89 19.93 6.08 8.25 43.83 25.41 20.49 3.62 10.04

CHANGE

+ + + + + + + + + + -

3.95 2.81 2.18 1.85 1.70 1.35 1.29 1.22 1.18 0.71 1.70 1.68 1.34 0.86 0.65 0.64 0.58 0.54 0.51 0.40

TSX VENTURE EXCHANGE / AUGUST 17-21 The S&P/TSX Venture Composite Index fell by 1% to finish the August 17-21 trading week at 730.31, with spot gold finishing the week at US$1,942.40 per oz., a rise of US$2.40 per oz. from the previous week.

Shares of Amex Exploration climbed 7.03% to $3.50 per share. The company announced a $9.36 million bought deal financing with a syndicate of underwriters led by PI Financial.

The syndicate will purchase 1.6 million flowthrough shares at $5.85 per share. Amex has granted the underwriters an option to acquire an additional 400,000 flow-through shares to cover over-allotments. The issue price represented a premium of about 69% to its closing price on Aug. 17. The funds will be spent on exploration at the company’s projects in Quebec.

Amex is focused on its 100%-owned Perron project, about 110 km north of Rouyn-Noranda.

Recent drill highlights included 15.6 metres grading 32.41 grams gold per tonne starting from 142.45 metres downhole and 8.10 metres grading 11.71 grams gold from 907.90 metres.

Reyna Silver rose 17.65% to $1.40 per share.

On Aug. 19 the company completed a brokered private placement raising $7.06 million (11.3 million units at a price of 62¢ per unit). Each

unit consisted of one common share and onehalf of one common share purchase warrant.

Each warrant entitles the holder to acquire one common share of the company at a price of 90¢ until Aug. 19, 2022. The company plans to use the proceeds to explore and drill at its Guigui and La Chinche projects in Chihuahua, Mexico and for general working capital purposes.

Shares of Rupert Resources rose to $3.10 per share, up 6.90%. The company released drill results from its exploration program at the Ikkari discovery, part of the company’s 100%-owned Pahtavaara project in Finland’s Central Lapland Greenstone Belt. Highlights included 2.1 grams gold per tonne over 31 metres from 53 metres, including 23.7 grams gold over 1 metre; 2 grams TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

QMX Gold Nexus Gold NuLegacy Gold Leeta Gold Kestrel Gold Norra Metals Unigold Blue River Res RosCan Gold Rover Metals

QMX NXS NUG HIVE KGC NORA UGD BXR ROS ROVR

57393 17027 11660 11585 9664 9005 8711 8654 8369 8231

0.38 0.14 0.21 0.54 0.06 0.13 0.62 0.02 0.48 0.08

WEEK LOW CLOSE CHANGE

0.19 0.10 0.16 0.44 0.04 0.05 0.50 0.01 0.37 0.07

0.24 + 0.10 0.19 + 0.46 0.05 + 0.13 + 0.51 0.02 + 0.38 0.07unch

0.06 0.01 0.04 0.07 0.02 0.08 0.02 0.01 0.07 0.00

gold over 71.2 metres from surface and 1.2 grams gold over 130.5 metres from 166 metres including 25 metres of 3 grams gold; and 1.3 grams gold over 172.4 metres from surface, including 12 metres of 2.6 grams gold.

Chesapeake Gold fell 12.4% to $5.65 per share. The company closed a non-brokered private placement for gross proceeds of $20

million (4 million common shares at a price of $5 per share). Under the deal, Eric Sprott acquired 2.5 million common shares for a total consideration of $12.5 million, increasing his stake in the company from 11.8% of its issued and outstanding shares to 15.5%, and the Sun Valley Master Gold Fund acquired 1 million common shares for $5 million. TNM TSX-V GREATEST VALUE CHANGE

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

Pac Cascade Norra Metals Elcora Adv Mat Balto Res Ultra Resource Sonora Gld & S Cabral Gold Aiml Res Volt Energy BlueBird Batt Kings Bay Res Archon Mineral Wescan Gldflds Highbank Res Cadillac Vent Zena Mining Remington Res Intercontinent Alliance Mng Boundary Gold

BMV.H NORA ERA BAL.H ULT SOC CBR AIML VOLT BATT KBG.H ACS WGF HBK CDC ZCC.H RGM.H ICAU ALM BDGC

230 9005 1372 384 201 1436 6112 185 1107 3854 730 2 5 527 1161 50 13 19 599 252

0.14 0.13 0.19 0.13 0.09 0.10 0.44 0.29 0.23 0.14 0.01 0.21 0.10 0.03 0.05 0.10 0.26 0.21 0.02 0.07

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.00 0.05 0.06 0.07 0.05 0.00 0.28 0.23 0.12 0.09 0.01 0.00 0.06 0.02 0.03 0.00 0.19 0.00 0.01 0.05

0.14 0.13 0.14 0.13 0.09 0.10 0.44 0.29 0.18 0.13 0.01 0.11 0.06 0.02 0.03 0.08 0.19 0.14 0.01 0.05

+ 250.0 + 177.8 + 133.3 + 100.0 + 80.0 + 66.7 + 66.0 + 65.7 + 63.6 + 62.5 - 50.0 - 47.6 - 40.0 - 40.0 - 37.5 - 37.5 - 36.7 - 33.3 - 33.3 - 30.8

Starr Peak Exp Callinex Mines Abitibi Royal Cornerstone Ca Amex Expl Southern Arc Reyna Silver Aurion Res Rupert Res Minaurum Gold Metalla Rylty Chesapeake Gld Tudor Gold Great Bear Res Teuton Res Universal Vent Solaris Res Magna Gold Pac Booker Min Caldas Gold

STE CNX RZZ CGP AMX SA RSLV AU RUP MGG MTA CKG TUD GBR TUO MCLD SLS MGR BKM CGC

WEEK CLOSE

827 2.45 122 3.09 15 22.50 150 4.09 871 3.50 141 0.80 752 1.40 789 1.60 352 3.10 1773 0.74 414 11.61 248 5.65 1573 2.82 564 15.43 700 3.56 463 2.42 653 2.64 245 1.29 33 1.80 75 2.33

CHANGE

+ + + + + + + + + + -

0.70 0.52 0.50 0.39 0.23 0.23 0.21 0.20 0.20 0.18 0.99 0.80 0.75 0.73 0.70 0.50 0.41 0.36 0.36 0.35

U.S. MARKETS / AUGUST 17-21 The Dow Jones Industrial Average fell 0.003% to finish the week at 27,930.33 and the S&P 500 rose 0.72% to 3,397.16. Spot gold climbed US$2.40 per oz., or 0.12%, to US$1,942.40 per ounce.

Kirkland Lake Gold advanced 5.97% to US$70.08 per share. The company announced a strategic alliance agreement between the company and its wholly-owned indirectly held subsidiary St. Andrew Goldfields and Newmont Canada FN Holdings. The agreement covers exploration and development opportunities around Kirkland Lake’s Holt Complex and Newmont’s properties in Timmins, Ontario.

Under the agreement, Newmont will pay Kirkland Lake US$75 million to acquire an option on certain mining and mineral rights related to Kirkland Lake’s Holt mine, 32 km east of Matheson. Last year, the mine produced 113,952 oz. gold at an average grade of 4.4 grams gold per tonne. The agreement also commits both companies to work together to identify regional exploration opportunities around their respective land positions in the area.

Newmont rose 2.69% to US$65.57 per share. The company reported on Aug. 20 that the Cedros General Assembly had ratified a definitive agreement between Newmont’s Penasquito gold mine in Mexico and the San

Juan de Cedros community in Zacatecas on land use, water availability, infrastructure, and social investments. The agreement includes access for Newmont to over 10,000 hectares of Cedros ejido’s land for exploration, mineral production, and other operational purposes, and resolves all outstanding disputes between the two parties. The agreement also expressly states that any future disputes will be resolved through dialogue and free of blockades. The agreement was developed with support from Mexico’s Ministry of Interior, the Zacatecas government, the Undersecretary of Mining, and the Mining Union, and was signed by elected representatives of the Cedros community.

Shares of McEwen Mining fell 5.88% to U.S. MOST ACTIVE ISSUES VOLUME (000s)

Barrick Gold* GOLD 162923 Vale* VALE 122615 Yamana Gold* AUY 85648 Freeport FCX 78636 McMoR* Kinross Gold* KGC 78114 Hecla Mining* HL 49395 Chevron Corp* CVX 44364 Harmony Gold* HMY 35192 United States S* X 34999 Cleveland-Clif* CLF 33977

HIGH

WEEK LOW CLOSE CHANGE

31.22 11.77 6.48 15.19

28.80 29.31 + 2.32 11.00 11.08 - 0.25 5.88 5.98 + 0.11 14.01 14.36 + 0.58

9.64 6.52 91.58 6.57 8.24 6.66

8.51 8.65 5.72 5.81 83.51 85.08 5.67 5.76 7.50 7.51 6.07 6.13unch

0.06 0.23 5.27 0.19 0.28 0.00

US$1.60 per share. The company announced a bought deal private placement of six million flow-through common shares at a price of US$1.65 per share. The proceeds from the offering will be used for exploration on the company’s properties in Timmins, Ontario.

McEwen Mining’s Black Fox Complex is made up of 5,100 hectares of land packages intersecting 15 km of the Destor-Porcupine Fault.

The Black Fox mine is a key component of

the complex, which also includes the Froome, Tamarack and Grey Fox deposits. The Black Fox mine, which first entered production in 1997, produced a total of 920,000 oz. gold to the end of 2019. McEwen Mining acquired the Black Fox Complex in October 2017. The company also holds the Lexam properties in the Timmins Camp. Lexam consists of four properties – Buffalo Ankerite, Fuller, Paymaster, and Davidson Tisdale. TNM

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

Turquoise HIl* Barrick Gold* Nexa Resources* Kirkland Lake* Seabridge Gld* Osisko Gold* Freeport McMoR* HudBay Min* Buenaventura* Newmont Corp* Intrepid Pots* Peabody Enrgy* CONSOL Energy* NACCO Ind* Sibanye-Stillw* Suncor Energy* Endeavr Silver* McEwen Mng* CONSOL Energy* Arch Coal*

TRQ GOLD NEXA KL SA OR FCX HBM BVN NEM IPI BTU CEIX NC SBSW SU EXK MUX CNX ARCH

18863 162923 340 7843 1926 3589 78636 4961 6285 29819 1340 10187 1387 55 11565 17244 19228 18806 16804 1066

0.98 31.22 8.56 55.17 18.96 12.02 15.19 4.30 14.04 69.81 14.00 2.81 5.71 23.18 13.05 17.26 4.10 1.40 12.20 34.35

U.S. GREATEST VALUE CHANGE VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.86 28.80 6.88 51.40 17.91 11.21 14.01 4.02 13.12 65.22 10.62 2.37 4.92 21.11 11.34 15.79 3.62 1.20 11.01 31.71

0.94 29.31 7.47 53.16 18.55 11.53 14.36 4.11 13.59 65.57 10.81 2.39 5.02 21.26 11.60 15.83 3.65 1.21 11.27 32.06

+ 8.9 + 8.6 + 7.2 + 6.5 + 5.7 + 5.4 + 4.2 + 3.3 + 2.8 + 2.7 - 17.7 - 13.4 - 9.5 - 8.8 - 7.2 - 6.9 - 6.4 - 6.2 - 6.1 - 6.0

Kirkland Lake* KL Barrick Gold* GOLD Newmont Corp* NEM Wheaton Prec M* WPM Franco-Nevada* FNV Seabridge Gld* SA Southern Copp* SCCO Osisko Gold* OR Freeport McMoR* FCX Nexa Resources* NEXA MartinMarietta* MLM Chevron Corp* CVX Intrepid Pots* IPI Arch Coal* ARCH NACCO Ind* NC Black Hills* BKH Suncor Energy* SU Nutrien* NTR Sibanye-Stillw* SBSW CONSOL Energy* CNX

7843 162923 29819 8095 3115 1926 3080 3589 78636 340 2223 44364 1340 1066 55 1282 17244 8895 11565 16804

WEEK CLOSE

53.16 29.31 65.57 51.86 148.53 18.55 45.99 11.53 14.36 7.47 209.66 85.08 10.81 32.06 21.26 56.68 15.83 37.35 11.60 11.27

CHANGE

+ + + + + + + + + + -

3.25 2.32 1.72 1.31 1.11 1.00 0.80 0.59 0.58 0.50 9.67 5.27 2.32 2.06 2.05 1.85 1.17 1.07 0.90 0.73

G LOBAL M I N I N G

N EW S

THE NORTHERN MINER / AUGUST 31–SEPTEMBER 13, 2020

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 LME WAREHOUSE LEVELS

PRODUCER AND DEALER PRICES

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug 20 2020 (change from Aug 17, 2020 in brackets): Aluminium Alloy 6120 (0) Aluminium 1578200 (-10125) Copper 104425 (-5575) Lead 125575 (+5707) Nickel 239304 (+666) Tin 4000 (-135) Zinc 225725 (+5600)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$55.50 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.60 Cobalt: US$14.99/lb.

Copper: US$2.99/lb.

Copper: CME Group Futures September 2020: US$2.92/lb.; October 2020: US$2.93/lb Iridium: NY Dealer Mid-mkt US$1,645.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$126.70 Lead: US$0.89/lb.

Phosphate Rock: US$86.00/tonne Potash: US$226.00/tonne Rhodium: Mid-mkt US$12,500.00 tr. oz.

Ruthenium: Mid-mkt US$270.00/tr. oz.

Silver: Handy & Harman Base: US$26.76 per oz.; Handy & Harman Fabricated: US$33.45 per oz.

Tin: US$7.97/lb.

Uranium: U3O8, Trade Tech spot price: US$31.40 per lb. U308 Zinc: US$1.12/lb.

Prices current Aug. 24, 2020

TSX SHORT POSITIONS

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

Karora Resources Inc. (KRR.WT) - One

TSX VENTURE SHORT POSITIONS Short positions outstanding as of Aug 15, 2020 (with changes from Jul 31, 2020) Largest short positions Mako Mining MKO 5761523 -697493 7/31/2020 Discovery Met DSV 5239237 -520375 7/31/2020 Novo Res NVO 4790996 4555587 7/31/2020 AbraPlata Res ABRA 3775304 3460439 7/31/2020 Dolly Vard Sil DV 3325942 554951 7/31/2020 Aurcana Corp AUN 2392537 1818133 7/31/2020 IMPACT Silver IPT 2382512 1979526 7/31/2020 Lion One Mtls LIO 2230145 345761 7/31/2020 Ely Gold Royal ELY 2089707 7472 7/31/2020 Minaurum Gold MGG 1908011 91810 7/31/2020 Great Bear Res GBR 1509161 -57363 7/31/2020 Zinc One Res Z 1385000 824040 7/31/2020 Klondike Silv KS 1239866 -692145 7/31/2020 Noram Vent NRM 1152298 -703032 7/31/2020 MacDonald Mns BMK 1117700 801435 7/31/2020 Largest increase in short position Novo Res NVO 4790996 4555587 7/31/2020 AbraPlata Res ABRA 3775304 3460439 7/31/2020 IMPACT Silver IPT 2382512 1979526 7/31/2020 Aurcana Corp AUN 2392537 1818133 7/31/2020 C3 Metals CCCM 1105068 1104016 7/31/2020 Largest decrease in short position Amarillo Gold AGC 177015 -2487497 7/31/2020 Rio2 Limited RIO 778727 -2000866 7/31/2020 GoviEx Uranium GXU 150593 -1845448 7/31/2020 Galway Mtls GWM 252011 -1305014 7/31/2020 Arctic Star ADD 25328 -977309 7/31/2020

Short positions outstanding as of Aug 15, 2020 (with changes from Jul 31, 2020) Largest short positions Suncor Energy SU 25876767 4145180 7/31/2020 Kinross Gold K 15953337 -203366 7/31/2020 Barrick Gold ABX 15112378 -963891 7/31/2020 New Gold NGD 14785143 1599316 7/31/2020 Nexgen Energy NXE 13086712 715411 7/31/2020 Yamana Gold YRI 12429145 -437814 7/31/2020 Premier Gold M PG 12063179 -101415 7/31/2020 Ivanhoe Mines IVN 11971979 -425189 7/31/2020 Teck Res TECK.B 10329763 -208901 7/31/2020 Wheaton Prec M WPM 10248776 41801 7/31/2020 Fortuna Silvr FVI 10074677 -1295 7/31/2020 First Quantum FM 8701026 -427269 7/31/2020 Lundin Mng LUN 8655870 374636 7/31/2020 Sandstorm Gold SSL 6728303 -83803 7/31/2020 Equinox Gold EQX 6501779 375336 7/31/2020 Largest increase in short position Suncor Energy SU 25876767 4145180 7/31/2020 Josemaria Res JOSE 3180168 2975886 7/31/2020 New Gold NGD 14785143 1599316 7/31/2020 Wallbridge Mng WM 3477480 1226155 7/31/2020 Nexgen Energy NXE 13086712 715411 7/31/2020 Largest decrease in short position Nevada Copper NCU 3086107-27707171 7/31/2020 Argonaut Gold AR 4094681 -2839069 7/31/2020 Kerr Mines KER 248581 -2706775 7/31/2020 B2Gold Corp BTO 3967567 -1838900 7/31/2020 Osisko Mng Inc OSK 3811092 -1246240 7/31/2020

Warrant to purchase one common share of the Issuer at $0.50 until expiry.

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

sh @ $36.5 to Feb 18/22 Platinum Group Metals Ltd. (PTM.WT.U) One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry.

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

Sherritt International Corporation (S.WT) Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 2018-0062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22

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

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

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

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

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

Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share.

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

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

Cordoba Minerals Corp. (CDB.RT) - One (1) Right exercisable for One (1) Rights Share at $0.05 per Share.

Equinox Gold (EQX.WT) - One warrant to

purchase one common share at $3.00 per share.

Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit.

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

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

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

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

JDL Gold Corp. (JDL.WT) - Wt buy sh @ $3.00 to Oct 06/21 Kootenay Silver Inc. (KTN.WT) - Wt buys sh @ $0.55 to Apr 21/21 LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share.

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

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

Maple Gold Mines Ltd. (MGM.WT) - One

warrant to purchase one common share at $0.40 per share Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at $0.12 per share.

Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share.

Orezone Gold Corporation (ORE.WT) One warrant to purchase one common share at $0.80 per share.

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

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

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

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

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

DAILY METAL PRICES Date Aug 21 Aug 20 Aug 19 Aug 18 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 1321.50/1340 1296.50/1320 1295.50/1320 1295/1320 Aluminum 1722.50/1761.50 1755.50/1791.50 1746.50/1783 1733/1770 Copper 6564.50/6542 6494.50/6584.50 6667/6648 6492.50/6486.50 Lead 1965/1985 1964/1985 1994/2014.50 1964/1981 Nickel 14562/14610 14666/14707 14705/14758 14602/14652 Tin 17660/17645 17580/17570 17560/17575 17480/17485 Zinc 2466.50/2488.50 2377.50/2390 2468.50/2486 2448.50/2469.50 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1932.85 1928.05 1993.15 Gold PM 1924.35 1927.15 1981.00 Silver 26.85 26.92 27.44 Platinum 900.00 916.00 946.00 Palladium 2190.00 2163.00 2165.00

2005.15 2000.75 28.33 957.00 2195.00

1300/1320 1679.50/1718.50 6441/6435 1866.50/1885.50 13683/13734 17958/17922 2286/2297.50

1949.85 1972.85 26.92 950.00 2202.00

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

Aug 21 1.3178 0.7618

Aug 20 1.3173 0.7591

Aug 19 1.3212 0.7569

Aug 18 1.3158 0.7600

Exchange rates (Quote Media, August 21, 2020) C$ to AUS C$ to EURO C$ to YEN 1.0596 0.6434 80.3054 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5798 5.2515 56.8612 US to AUS US to EURO US to YEN 1.3966 0.8478 105.7950 US to UK Pound US to China Yuan US to India Rupee 0.7640 6.9195 74.9293

Aug 17 1.3222 0.7563

C$ to Mex Peso 16.7368 C$ to Swiss Franc 0.6918 US to Mex Peso 21.9764 US to Swiss Franc 0.9112

C$ to SA Rand 13.0208 C$ to S. Korea Won 907.9285 US to SA Rand 17.1566 US to S. Korea Won 1191.7500

CANADIAN GOLD MUTUAL FUNDS FundName BMO Prec Mtls Fd A BMO ZGD BMO ZJG CIBC Prec Metal Fd A Dyn Prec Metls Fd A Harvest HGGG Horizons HEP IG MacGbPreMetCl A iShares XGD Mac Prec Met Cl A NBI PrecMetFd Invt NPT Go&PrMinFd A NPT SilverEquCl A RBC GblPreMetFd A Sentry Pre Met Fd A TD Prec Mtl Fd Inv

Aug 21 ($) 32.13 88.59 83.88 18.13 14.07 37.40 38.78 17.37 23.46 84.12 24.10 63.45 11.31 69.51 59.82 61.04

Aug 14 ($) 31.99 88.86 84.49 17.99 14.34 37.33 38.25 17.39 23.03 83.79 23.94 64.32 11.57 69.80 60.67 60.44

Change ($) 0.13 -0.27 -0.61 0.14 -0.27 0.07 0.53 -0.01 0.43 0.34 0.16 -0.87 -0.26 -0.29 -0.85 0.60

Change (%) 0.41 -0.31 -0.73 0.78 -1.86 0.19 1.38 -0.08 1.87 0.40 0.67 -1.36 -2.21 -0.42 -1.40 0.99

YTDChange (%) 49.91 50.55 44.69 54.53 66.94 59.35 39.83 59.01 52.47 60.19 52.62 69.03 75.46 60.19 60.74 51.88

MER (%) 2.41 0.61 0.60 2.43 2.73 0.94 0.83 2.68 0.61 2.52 2.46 3.19 2.98 2.13 2.32 2.26

NEW 52-WEEK HIGHS AND LOWS AUGUST 17–21, 2020

Aug 17

TotalAssets (M$) 71.22 284.01 140.99 78.28 745.33 6.89 50.58 1704.31 96.13 46.03

Comstock Mng* Condor Gold Copper Mtn Mng Copper Mtn Mng* Copper North M Copper North M* Cornerstone Ca Cornerstone Ca* Corvus Gold* Cruz Cobalt* Cypress Dev Cypress Dev* Damara Gold Debut Dmds Deep-South Res* Defiance Silvr* Desert Mtn Egy Dolly Vard Sil Dolly Vard Sil* Edgewater Expl Edgewater Expl* El Nino Vent* Elcora Adv Mat Elcora Res* Eloro Res Eloro Res* Emerita Res Endurance Gold* Equinox Gold Equinox Gold* Equity Metals Equity Metals* Eskay Mng Eskay Mng* Etruscus Res Euro Sun Mg Fidelity Min* Fiore Gold Fiore Gold* Fireweed Zinc Fireweed Zinc* First Point* First Vanadium* Focus Graphite* Fokus Mining FPX Nickel Freeport McMoR* GGL Res Global Battery* Globex Mng Globex Mng* Go Cobalt Gold Finder Ex Gold Finder Ex* Gold Lion Res*

310 New Highs

Abitibi Royal* Aguila Amer Gd Alianza Min Alianza Min* Altai Resource Altus Strat Amseco Expl Anaconda Mng Anaconda Mng* Antofagasta* Arbor Metals Arcus Dev Grp* Asante Gold ATAC Res ATAC Res* Atico Mining* Aurania Res Aurania Res* Austral Gold Aztec Minerals Aztec Minerals* Banyan Gold Baroyeca Gold* Barrick Gold Barrick Gold* Bell Copper Bell Copper* Belo Sun Mng* BeMetals Benz Mining Benz Mining* Black Sea Black Sea * Blue River Res* Bold Ventures* Braveheart Res* Cabral Gold Cabral Gold* Cache Explor Calibre Mng Canada One* Candelaria Mg* Canstar Res Canuc Res* Capstone Mng Cdn Goldcamps Cdn Goldcamps* Chalice Gold M* Champion Iron Champion Iron* Clarity Gold Colibri Res Colorado Res

580.70 474.01 192.60

Gold Rush Cari* Golden Harp Golden Secret Goldgroup Mng Goldgroup Mng* GoldMining GoldMining* Goldrich Mng* Granite Creek Great Panther Great Panther* Greenland M&En* Group Eleven Group Ten Mtls Group Ten Mtls* Gunpoint Expl Guyana Gldflds Heatherdale Rs HudBay Min Hybrid Mineral Imperial Metal* Inflection Res IsoEnergy Ltd Jaguar Mng Jaguar Mng* Jervois Mining Jervois Mining* K92 Mining K92 Mining* Kestrel Gold Kodiak Copper* Labrador IOR Labrador IOR* Leading Edge Leading Edge* Lincoln Mng Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lundin Mng* Lupaka Gold Lupaka Gold * Macarthur Min Macarthur Min* Magna Terra Makara Mining Mammoth Res Marathon Gold Marathon Gold* Mawson Res* McLaren Res Mega Uranium Mega Uranium* Melkior Res*

Meridius Res Metallic Mnrls Metallic Mnrls* Metals Creek* Minaurum Gold Minaurum Gold* Minera Alamos Minera Alamos * Monarca Mnrls Monarca Mnrls* Monument Mng Mountain Boy Mountain Boy* Navy Res New Dimen Res New Dimen Res* New Tech Min New World Res* Newcore Gold* Newlox Gold Nexus Gold Nexus Gold* Nickel Creek* Norra Metals Norvista Cap Nrthn Graphite Nrthn Graphite* Nrthn Vertex* NuLegacy Gold NuLegacy Gold* Opawica Expl Orca Gold Orca Gold* Orla Mng Ltd* Oroco Res* Osino Res OZ Minerals* Pac Cascade Pac Ridge Expl Pac Ridge Expl* Paladin Energy* Pan Global Res* Pelangio Expl Pelangio Expl* Peloton Mnrls Peruvian Metal Peruvian Metal* Phoenix Gold Pine Cliff En Pine Cliff En* PJSC Polyus Gd* PPX Mining* Prime Mining Prime Mining* Probe Metals*

Puma Expl* Q-Gold Res* QMX Gold QMX Gold* Rackla Metals Rackla Metals* Reyna Silver Riverside Res Rockcliff Met Rockcliff Met* Sabina Gd&Slvr Sabina Gd&Slvr* Sable Res* Sandfire Res* Sentinel Res Serabi Gold* Shine Minerals* Sibanye-Stillw* Signature Res* Silver Dollar Silver Eleph Silver Eleph* Silver Mtn Mns Silver Mtn Mns* Silver Predatr Silver Predatr* Silver Sands Silver Sands* Sirios Res Sirios Res* Sitka Gold Sitka Gold* Slam Explor Slam Explor* Solaris Res* Sonora Gld & S Sonoro Metals Sonoro Metals* Southern Arc Southern Arc* Southern Copp* Southern Silvr Southern Silvr* Starr Peak Exp Starr Peak Exp* Stuhini Explor Stuhini Explor* Summa Silver Tajiri Res Tarachi Gold Taseko Mines Taseko Mines* Temas Res Tembo Gold* Teras Res*

Tethyan Res Tethyan Res* Theta Gold* Thunderstruck Timberline Res Timberline Res* Tonopah Div Mg* Tri Origin Exp Turquoise HIl* TVI Pacific* United Battery United Battery* Vanadium One* Vanadiumcorp Vanstar Mng Rs Vanstar Mng Rs* Victoria Gold Victoria Gold* Virginia Enrgy* Viscount Mng Visible Gold M Volt Energy Voyageur Min* Walcott Res Walcott Res* Wesdome Gold Wesdome Gold* West Vault Westkam Gold Westkam Gold* WestMountain* Wolfden Res Wolfden Res* Xtra-Gold Res Xtra-Gold Res* Zephyr Mnls Zephyr Mnls*

14 New Lows

Angkor Res Clean Air Met Diversified Rs* Fairmont Res* General Moly* Graycliff Exp Joshua Gold* Nevada Copper Pac Cascade Peabody Enrgy* Pedro Res Quadro Res* SKRR Explor Solaris Res*

NORTH AMERICAN STOCK EXCHANGE INDICES 52-week

GLOBAL MINING NEWS · SINCE 1915

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

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Aug 21 16517.85 730.31 990.99 376.08 332.08

Aug 20 16606.76 739.48 995.77 384.48 332.08

Aug 19 16577.38 739.95 994.06 377.06 325.67

Aug 18 16626.06 751.00 996.50 389.29 336.48

Aug 17 16656.12 750.87 998.16 392.53 338.78

High 17970.51 761.84 1070.48 416.84 359.81

Low 11172.73 330.65 683.81 173.42 140.55

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

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

LEGEND A C L N O Q T V X *

– – – – – – – – – –

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

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

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

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

20

AU G U ST 3 1 – SEP TEM BER 1 3 , 2 0 2 0

/ TH E N OR TH ER N

(100s) Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1911 Gold* 1911 Gold 66 Resources 79North Abacus Mining* Abacus Mining Abcourt Mines Abcourt Mines* Aben Resources* Aben Resources Abitibi Royal* Abitibi Royal AbraPlata Res* AbraPlata Res Academy Metals* Academy Metals Adamera Min* Adamera Min Adex Mining Advance Gold Adventus* Adventus AEX Gold Affinity Metal* African Gold African Gold* African Min* African Rainb* Aftermath Silv* Agnico Eagle* Agnico Eagle AgriMinco* Aguila Amer Gd Aiml Res AJN Resources Alacer Gold Alamos Gold Alamos Gold* Alaska Pac Egy* Alcoa* Aldebaran Res Alderon Iron* Aldever Res Aldever Res* Alexandra Cap* Alexco Res Alexco Res* Algold Res* Alianza Min* Alianza Min Alien Metals* Allegiant Gold Allegiant Gold* Alliance Mng Alliance Res* Almaden Min Almaden Min* Almadex Min* Almadex Min Almonty Ind * Almonty Ind Aloro Mining* Aloro Mining Alpha Lithium Alpha Lithium* Alphamin Res * Alphamin Res Altai Resource Altai Resource* Altair Res Inc* Altair Res Inc Altamira Gold Altamira Gold* Altan Nevada Altan Rio Min Altiplano Met Altiplano Met* Altius Mnrls * Altius Mnrls Alto Ventures Alto Ventures* Altura Mining* Altus Strat Altus Strat* Alumina Ltd* ALX Resources ALX Resources* AM Resources Amani Gold* Amarc Res Amarc Res* Amarillo Gold Amarillo Gold* Amer Intl Vent* American Creek* American Creek American CuMo* American Lith American Lith* American Mang* American Mang American Pac American Uran AmericanSierra* Americas Silvr* Americas Silvr Amerigo Res Amerigo Res* Amex Expl* Amex Expl Amilot Capital Amilot Capital* Amseco Expl Anaconda Mng Anaconda Mng* Andes Gold* Andover Mng* Anfield Energy* Anfield Energy Angel Gold* Angel Gold Angkor Gold* Angkor Res Anglo American* Anglo American* Anglo Pac Grp AngloGold Ash* AngloGold Ash* Angus Ventures Angus Ventures* Antioquia Gold Antioquia Gold* Antler Gold Antler Gold * Antofagasta* Apex Res * Apex Res Apollo Gold Apollo Gold* Appia Energy* Appia Energy Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Coal* Archon Mineral* Archon Mineral Arctic Star* Arctic Star Arcturus Vent Arcturus Vent* Arcus Dev Grp* Arcus Dev Grp Arcwest Explor Arcwest Explor* Arena Min* Arena Min Ares Strategic Ares Strategic* Argentina Lith* Argentina Lith Argentum Silvr* Argentum Silvr Argo Gold Argo Gold* Argonaut Gold* Argonaut Gold Arianne Phosph Arianne Phosph* Arizona Metals*

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

535 647 182 577 705 593 1536 679 1290 2959 4 15 2923 6603 0 23 660 515 340 278 20 1606 72 91 1417 522 399 0 2401 5449 3523 70 343 185 17 4387 4341 13218 520 21708 97 48 37 5 1473 2541 9437 0 3577 6874 333 377 274 599 3343 1057 3438 378 237 33 272 80 273 2152 3561 112 2244 3454 1 0 135 870 149 636 74 86 4 212 293 16 3 428 144 0 71 662 326 145 1775 388 414 2136 559 164 1988 3216 3426 4498 6285 872 330 731 2 100 9010 5199 1098 245 414 871 26 25 99 2503 806 34 12 991 3000 186 401 55 172 41 1233 7 12318 1 14 3 178 48 389 20 3 5 55 132 0 230 191 1186 526 276 305 1066 1 2 117 723 1048 85 10 10 482 367 30 928 238 5 25 101 29 473 301 101 1003 5564 287 60 5

0.72 0.57 0.58 + 0.91 0.76 0.76 0.26 0.24 0.25 + 0.17 0.15 0.17 + 0.17 0.12 0.13 0.22 0.16 0.17 0.17 0.15 0.16 unch 0.12 0.11 0.12 + 0.12 0.09 0.11 + 0.16 0.12 0.14 + 17.25 0.00 16.66 + 22.78 21.35 22.50 + 0.34 0.24 0.25 0.44 0.32 0.33 0.00 0.00 0.09 unch 0.13 0.11 0.13 unch 0.10 0.08 0.08 0.12 0.11 0.12 + 0.01 0.01 0.01 unch 0.13 0.12 0.12 0.91 0.00 0.88 1.21 1.03 1.17 0.85 0.77 0.79 0.34 0.00 0.33 + 0.29 0.25 0.26 0.24 0.19 0.20 + 0.00 0.00 0.00 0.00 0.00 10.55 unch 0.72 0.59 0.63 84.47 78.16 79.50 + 111.11 103.25 104.86 + 0.00 0.00 0.00 unch 0.43 0.30 0.38 0.29 0.23 0.29 + 0.35 0.00 0.35 + 9.07 8.15 8.20 14.44 13.19 13.27 10.99 9.96 10.05 + 0.00 0.00 0.00 unch 15.95 14.36 14.60 0.35 0.32 0.35 + 0.01 0.01 0.01 + 0.15 0.00 0.15 + 0.00 0.00 0.09 unch 0.28 0.17 0.21 3.92 3.44 3.50 + 2.98 2.60 2.66 + 0.00 0.00 0.09 unch 0.16 0.10 0.11 0.21 0.14 0.14 0.01 0.00 0.01 0.40 0.33 0.38 + 0.31 0.25 0.28 + 0.02 0.01 0.01 3.85 3.20 3.28 1.07 0.90 0.92 0.81 0.68 0.71 0.25 0.19 0.24 + 0.31 0.26 0.26 0.53 0.45 0.47 0.65 0.60 0.61 0.19 0.07 0.07 0.10 0.09 0.09 0.82 0.67 0.80 + 0.62 0.50 0.61 + 0.17 0.15 0.16 + 0.22 0.20 0.21 unch 0.10 0.07 0.09 + 0.05 0.05 0.05 unch 0.00 0.00 0.01 unch 0.03 0.03 0.03 0.12 0.11 0.12 unch 0.10 0.08 0.09 0.02 0.02 0.02 unch 0.12 0.11 0.11 + 0.22 0.17 0.18 0.14 0.14 0.14 unch 9.15 8.20 8.93 + 12.01 11.29 11.75 + 0.18 0.17 0.18 + 0.00 0.00 0.12 unch 0.07 0.05 0.05 1.36 1.13 1.15 + 0.00 0.00 0.60 unch 4.72 4.44 4.69 + 0.07 0.06 0.06 0.06 0.05 0.05 0.04 0.04 0.04 unch 0.01 0.00 0.00 0.08 0.07 0.08 + 0.06 0.05 0.05 + 0.34 0.27 0.27 0.26 0.21 0.21 0.02 0.01 0.01 0.32 0.25 0.26 0.42 0.33 0.35 0.05 0.03 0.04 + 1.74 1.38 1.58 + 1.34 1.04 1.20 + 0.20 0.17 0.17 0.27 0.22 0.23 0.42 0.29 0.29 0.00 0.00 0.12 unch 0.04 0.03 0.03 3.11 2.70 2.75 3.59 3.62 4.10 0.61 0.52 0.58 + 0.46 0.39 0.44 + 2.78 2.54 2.65 + 3.67 3.30 3.50 + 0.05 0.05 0.05 0.04 0.04 0.04 unch 0.08 0.07 0.07 + 0.78 0.63 0.70 + 0.59 0.47 0.53 + 0.01 0.00 0.01 0.00 0.00 0.00 unch 0.07 0.05 0.06 + 0.09 0.07 0.08 + 0.05 0.03 0.04 0.05 0.05 0.05 0.08 0.06 0.07 + 0.10 0.00 0.10 + 25.20 0.00 24.60 12.89 12.16 12.32 + 2.12 0.00 2.12 + 30.78 27.31 27.90 28.70 0.00 28.70 0.69 0.00 0.65 0.53 0.53 0.53 unch 0.08 0.07 0.08 unch 0.07 0.05 0.06 + 0.43 0.33 0.35 0.31 0.27 0.31 + 15.00 0.00 14.84 + 0.12 0.10 0.11 + 0.15 0.00 0.14 1.26 1.18 1.21 + 0.00 0.00 0.91 unch 0.18 0.15 0.18 + 0.24 0.22 0.24 + 0.01 0.01 0.01 0.14 0.11 0.12 0.17 0.15 0.16 1.85 1.79 1.83 + 34.35 31.71 32.06 0.26 0.15 0.15 0.21 0.00 0.11 0.05 0.03 0.03 0.03 0.03 0.03 unch 0.12 0.10 0.10 0.10 0.07 0.07 0.03 0.03 0.03 + 0.04 0.04 0.04 + 0.16 0.14 0.15 + 0.12 0.10 0.12 + 0.02 0.02 0.02 + 0.04 0.03 0.03 unch 0.10 0.09 0.09 0.07 0.07 0.07 unch 0.06 0.00 0.05 0.08 0.06 0.08 + 0.22 0.19 0.19 0.30 0.26 0.26 unch 0.28 0.24 0.26 0.20 0.19 0.20 + 2.36 2.09 2.11 3.10 2.76 2.79 0.25 0.21 0.23 unch 0.18 0.16 0.18 0.73 0.73 0.73 unch

W

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

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: AUGUST 17–21, 2020

Stock

W

M I N ER

0.01 1.22 0.15 0.01 0.98 0.22 0.01 0.35 0.05 0.02 0.25 0.13 0.03 0.21 0.03 0.06 0.29 0.04 0.00 0.19 0.04 0.01 0.14 0.03 0.02 0.12 0.03 0.01 0.16 0.05 0.05 17.25 7.68 0.50 23.10 11.10 0.05 0.36 0.03 0.05 0.48 0.04 0.00 0.25 0.09 0.00 0.33 0.10 0.01 0.12 0.01 0.01 0.16 0.02 0.00 0.01 0.01 0.01 0.29 0.03 0.02 1.18 0.36 0.01 1.60 0.52 0.06 1.20 0.31 0.00 0.37 0.06 0.01 0.53 0.10 0.01 0.41 0.07 0.00 0.01 0.00 0.00 11.38 5.00 0.01 0.72 0.06 0.45 84.66 31.00 0.08 112.37 43.25 0.00 0.00 0.00 0.03 0.43 0.12 0.12 0.31 0.10 0.01 1.34 0.15 0.18 10.82 3.50 0.03 15.52 4.43 0.03 11.58 3.34 0.00 0.00 0.00 0.04 23.47 5.16 0.02 0.47 0.16 0.00 0.17 0.00 0.02 0.22 0.05 0.00 0.16 0.01 0.05 0.60 0.06 0.01 4.65 1.00 0.04 3.50 0.72 0.00 0.11 0.04 0.01 0.16 0.03 0.02 0.21 0.03 0.00 0.01 0.00 0.04 0.46 0.07 0.03 0.34 0.04 0.01 0.02 0.01 0.24 16.74 2.70 0.06 1.10 0.31 0.03 0.84 0.21 0.03 0.30 0.05 0.03 0.41 0.12 0.02 0.61 0.24 0.04 0.81 0.28 0.05 0.19 0.01 0.01 0.12 0.03 0.14 1.45 0.08 0.11 1.13 0.19 0.00 0.20 0.09 0.00 0.27 0.12 0.02 0.10 0.03 0.00 0.05 0.02 0.00 0.02 0.00 0.01 0.04 0.01 0.00 0.15 0.04 0.00 0.11 0.02 0.00 0.07 0.01 0.01 0.13 0.03 0.03 0.23 0.02 0.00 0.14 0.05 0.48 9.38 4.33 0.48 12.32 6.29 0.01 0.24 0.08 0.00 0.18 0.04 0.01 0.12 0.01 0.05 1.36 0.30 0.00 0.60 0.35 0.13 6.89 3.09 0.01 0.10 0.02 0.00 0.07 0.01 0.00 0.15 0.03 0.00 0.05 0.00 0.01 0.08 0.02 0.00 0.07 0.02 0.04 0.42 0.10 0.03 0.31 0.08 0.00 0.02 0.00 0.04 0.38 0.02 0.05 0.50 0.04 0.01 0.10 0.00 0.13 2.98 0.09 0.11 2.19 0.06 0.02 0.21 0.07 0.03 0.28 0.10 0.11 0.62 0.06 0.00 0.14 0.01 0.01 0.04 0.01 0.39 3.90 1.00 0.51 5.12 1.39 0.06 0.81 0.12 0.05 0.62 0.08 0.21 2.98 0.63 0.23 3.98 0.85 0.01 0.06 0.01 0.00 0.04 0.01 0.01 0.08 0.02 0.09 0.78 0.10 0.07 0.59 0.07 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.12 0.03 0.01 0.16 0.04 0.01 0.05 0.00 0.02 0.07 0.01 0.00 0.09 0.02 0.01 0.13 0.01 0.65 29.51 12.56 0.05 14.81 5.91 0.07 4.20 1.87 0.48 38.50 12.66 1.30 38.94 15.44 0.02 0.80 0.14 0.00 0.53 0.53 0.00 0.09 0.02 0.00 0.07 0.01 0.05 0.49 0.02 0.01 0.38 0.01 0.17 15.00 7.30 0.01 0.31 0.04 0.02 0.43 0.04 0.02 1.68 0.03 0.00 0.91 0.91 0.01 0.24 0.07 0.03 0.30 0.10 0.00 0.03 0.00 0.01 0.15 0.05 0.01 0.22 0.07 0.06 1.85 0.03 2.06 89.42 21.80 0.11 0.34 0.13 0.10 0.46 0.10 0.02 0.16 0.01 0.00 0.18 0.02 0.02 0.97 0.07 0.03 0.69 0.00 0.01 0.03 0.01 0.01 0.04 0.01 0.01 0.21 0.04 0.00 0.15 0.02 0.00 0.05 0.01 0.00 0.06 0.02 0.01 0.15 0.07 0.00 0.08 0.01 0.00 0.08 0.02 0.01 0.10 0.04 0.01 0.30 0.11 0.00 0.41 0.14 0.02 0.35 0.06 0.00 0.24 0.06 0.05 2.63 0.53 0.05 3.42 0.76 0.00 0.52 0.15 0.01 0.38 0.11 0.00 0.73 0.73

(100s) Stock

Exc Volume

Week Low

0.64 0.91 + 0.33 0.35 unch 0.24 0.26 + 0.55 0.55 unch 3.50 3.55 4.58 4.65 0.05 0.07 0.07 0.10 + 0.80 0.80 unch 0.09 0.09 0.12 0.12 + 1.02 1.17 + 0.77 0.88 + 0.05 0.05 unch 0.00 0.52 + 0.29 0.31 + 0.23 0.23 + 0.06 0.07 + 0.04 0.05 0.35 0.35 0.27 0.27 0.01 0.01 3.30 3.49 0.11 0.11 unch 0.14 0.14 0.03 0.07 + 0.37 0.43 + 0.50 0.56 + 0.01 0.01 unch 0.02 0.02 unch 0.00 0.96 unch 0.02 0.04 0.04 0.04 unch 0.00 176.61 + 226.00 232.25 + 3.06 3.18 4.05 4.21 0.71 0.73 0.53 0.55 0.05 0.06 + 0.06 0.07 0.08 0.09 0.04 0.05 unch 1.38 1.60 + 1.05 1.21 + 0.00 0.05 0.00 0.09 + 0.21 0.30 2.93 2.96 2.22 2.24 0.01 0.02 + 0.12 0.13 unch 0.00 0.22 + 0.26 0.27 + 0.44 0.46 + 0.00 0.35 + 0.12 0.14 + 0.05 0.05 0.07 0.07 0.00 0.05 unch 0.00 0.24 0.30 0.30 1.13 1.18 + 1.49 1.54 + 0.04 0.05 + 0.03 0.03 + 0.14 0.15 unch 0.12 0.13 + 0.10 0.10 unch 0.08 0.08 + 0.05 0.06 + 0.15 0.15 + 0.20 0.21 + 1.54 1.63 1.16 1.24 0.03 0.03 0.04 0.04 0.52 0.55 + 0.39 0.44 + 0.00 0.00 + 0.17 0.18 0.13 0.14 unch

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

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

255 453 622 17 60 159 1325 920 18 6 154 2908 897 66 54 62 4 2726 999 1141 517 8270 2 16 60 90 333 1907 50 380 0 57 1291 2 5 97 216 5521 3280 706 75 1550 485 789 585 64 382 34 1030 1669 88 68 85 575 101 44 340 1106 2029 39 12 866 9782 889 322 264 553 88 90 198 111 662 1022 562 167 160 3057 3281 720 1603 417 553

0.92 0.38 0.29 0.55 3.89 5.13 0.07 0.10 0.99 0.09 0.12 1.25 0.93 0.05 0.61 0.31 0.23 0.08 0.06 0.40 0.30 0.01 3.57 0.11 0.16 0.08 0.43 0.58 0.01 0.02 0.00 0.04 0.05 180.00 244.99 3.46 4.54 0.83 0.65 0.06 0.08 0.10 0.05 1.68 1.28 0.06 0.09 0.35 3.16 2.40 0.02 0.13 0.22 0.32 0.49 0.37 0.14 0.07 0.08 0.05 0.27 0.40 1.32 1.75 0.05 0.04 0.15 0.13 0.10 0.08 0.06 0.16 0.21 1.74 1.31 0.03 0.04 0.70 0.53 0.00 0.23 0.17

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

T 35263 X 61333 V 384 O 7 C 3339 O 3 V 88 O 2333 V 5422 O 539 O 12 V 9 O 42 V 157 V 11 O 1 O 10 V 101 N 162923 T 33798 O 20 V 421 V 68 V 235 O 23 O 109 T 1573 V 3723 O 2600 V 18 V 92 V 801 O 454 V 90 O 98 V 144 V 644 O 126 V 191 O 4290 T 2790 O 134 V 500 O 513 V 2747 V 462 O 838 V 951 O 76 O 50 V 344 V 23 C 639 O 60 V 59 N 1282 T 1429 O 372 V 4 V 551 O 390 O 216 C 9803 V 33 V 1098 O 422 V 231 O 7105 C 129 O 55 O 4 V 392 V 8654 O 684 O 582 V 2120 O 128 V 325 V 644 O 227 V 3854 V 592 O 100 O 0 V 8 O 48193 C 284 V 988

9.66 7.34 0.13 0.08 0.06 0.20 0.28 0.03 0.39 0.30 0.09 0.13 0.35 0.48 0.33 0.01 0.12 0.19 31.22 41.09 0.40 0.55 0.48 0.12 0.09 1.60 2.14 0.18 0.14 0.06 0.06 3.50 2.71 0.14 0.10 0.20 0.25 0.18 0.09 0.81 1.00 0.41 0.57 1.13 1.51 0.20 0.16 0.66 0.48 0.02 0.03 0.10 0.02 0.05 0.06 58.52 0.15 0.11 0.15 0.49 0.34 0.08 0.10 0.20 1.49 1.16 0.15 0.01 0.68 0.53 0.02 0.03 0.02 0.01 0.13 0.15 0.11 0.13 0.13 0.10 0.14 2.35 1.79 0.06 0.07 0.01 0.28 1.46

Last

12-month

High

Change

Stock

0.06 0.00 0.00 0.00 0.15 0.26 0.00 0.02 0.00 0.00 0.01 0.11 0.08 0.00 0.02 0.01 0.02 0.01 0.00 0.02 0.01 0.00 0.08 0.00 0.02 0.00 0.07 0.07 0.00 0.00 0.00 0.00 0.00 14.34 1.70 0.01 0.09 0.03 0.04 0.01 0.01 0.01 0.00 0.20 0.15 0.01 0.01 0.01 0.06 0.04 0.00 0.00 0.08 0.04 0.01 0.01 0.02 0.00 0.01 0.00 0.05 0.09 0.02 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.02 0.02 0.01 0.01 0.01 0.01 0.02 0.00 0.02 0.00

1.04 0.40 0.31 0.55 4.33 5.73 0.07 0.10 0.99 0.30 0.42 1.30 0.97 0.10 0.64 0.89 0.32 0.13 0.09 0.40 0.30 0.03 3.85 0.60 0.79 0.15 0.43 0.59 0.04 0.03 0.96 0.04 0.07 188.29 249.00 3.46 4.54 0.96 0.72 0.06 0.10 0.14 0.16 2.14 1.72 0.08 0.10 0.60 3.55 2.66 0.02 0.13 0.22 0.32 0.56 0.38 0.15 0.08 0.10 0.08 0.33 0.48 1.49 2.04 0.05 0.04 0.26 0.50 0.34 0.20 0.10 0.20 0.25 3.27 2.35 0.05 0.06 0.70 0.53 0.00 0.35 0.26

0.16 0.10 0.08 0.31 0.60 0.95 0.02 0.02 0.30 0.07 0.09 0.37 0.26 0.01 0.22 0.15 0.10 0.04 0.03 0.11 0.08 0.00 1.79 0.06 0.08 0.01 0.11 0.16 0.00 0.01 0.71 0.01 0.02 12.97 16.37 1.03 1.51 0.15 0.11 0.02 0.04 0.02 0.03 0.42 0.29 0.02 0.01 0.03 1.00 0.71 0.00 0.04 0.02 0.06 0.00 0.25 0.02 0.02 0.03 0.02 0.24 0.05 0.26 0.27 0.01 0.01 0.04 0.10 0.07 0.05 0.03 0.05 0.07 0.31 0.23 0.01 0.02 0.04 0.03 0.00 0.08 0.05

0.65 0.44 0.07 0.04 0.01 0.01 0.01 0.00 0.09 0.07 0.00 0.04 0.06 0.06 0.06 0.00 0.00 0.01 2.32 2.81 0.02 0.03 0.05 0.01 0.01 0.09 0.15 0.01 0.00 0.00 0.01 0.14 0.14 0.02 0.00 0.01 0.01 0.01 0.01 0.02 0.04 0.04 0.04 0.11 0.15 0.02 0.01 0.00 0.02 0.00 0.01 0.01 0.01 0.00 0.01 1.85 0.01 0.00 0.04 0.15 0.10 0.01 0.01 0.00 0.02 0.01 0.03 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.02 0.02 0.00 0.01 0.00 0.04 0.05 0.03 0.06 0.00 0.01 0.00 0.00 0.06

9.99 7.55 0.19 0.10 0.16 0.23 0.38 0.04 0.39 0.35 0.10 0.15 0.55 0.66 0.33 0.18 0.12 0.20 31.22 41.09 0.55 0.73 0.50 0.13 0.09 1.69 2.25 0.24 0.17 0.06 0.08 4.17 3.04 0.29 0.22 0.22 0.25 0.18 0.10 0.81 1.05 0.42 0.57 1.22 1.64 0.30 0.22 0.66 0.48 0.04 0.05 0.10 0.02 0.05 0.07 87.12 0.20 0.15 0.17 0.49 0.34 0.15 0.15 0.22 1.61 1.22 0.27 0.30 2.11 1.45 0.03 0.04 0.02 0.01 0.17 0.23 0.12 0.16 0.20 0.13 0.19 2.43 1.80 0.06 0.08 0.01 0.43 3.02

3.12 2.16 0.03 0.03 0.03 0.02 0.05 0.01 0.03 0.02 0.05 0.05 0.14 0.21 0.18 0.01 0.03 0.03 12.65 17.52 0.07 0.11 0.07 0.05 0.03 0.37 0.54 0.05 0.03 0.03 0.02 0.75 0.50 0.06 0.06 0.06 0.01 0.02 0.02 0.18 0.21 0.09 0.12 0.12 0.17 0.04 0.03 0.05 0.05 0.01 0.01 0.03 0.01 0.01 0.02 48.07 0.05 0.03 0.04 0.02 0.01 0.02 0.03 0.05 0.07 0.05 0.02 0.00 0.40 0.27 0.00 0.01 0.01 0.00 0.03 0.05 0.04 0.04 0.06 0.03 0.04 0.99 0.75 0.00 0.03 0.00 0.14 0.63

B 7.93 8.25 6.02 6.28 0.07 0.13 + 0.03 0.04 0.04 0.04 0.19 0.20 + 0.23 0.28 + 0.03 0.03 unch 0.29 0.37 + 0.22 0.29 + 0.07 0.07 unch 0.00 0.11 0.31 0.31 0.42 0.43 0.27 0.27 0.00 0.01 unch 0.12 0.12 unch 0.16 0.19 + 28.80 29.31 + 38.04 38.60 + 0.38 0.38 0.47 0.50 0.35 0.40 0.11 0.11 + 0.08 0.08 1.38 1.41 1.83 1.85 0.15 0.16 0.11 0.13 0.00 0.06 unch 0.05 0.06 + 3.18 3.35 + 2.42 2.59 + 0.11 0.14 + 0.08 0.09 0.17 0.18 + 0.18 0.19 0.14 0.14 + 0.08 0.09 + 0.70 0.74 + 0.92 0.98 + 0.38 0.38 + 0.50 0.50 + 0.87 0.96 1.15 1.26 0.17 0.19 0.13 0.14 0.57 0.62 unch 0.44 0.47 + 0.00 0.02 + 0.02 0.03 + 0.00 0.10 + 0.01 0.02 + 0.04 0.05 0.00 0.05 55.91 56.68 0.12 0.14 0.10 0.10 0.12 0.15 + 0.27 0.40 + 0.17 0.30 + 0.06 0.06 + 0.08 0.09 + 0.17 0.17 unch 1.40 1.44 1.05 1.10 + 0.11 0.12 0.01 0.01 0.61 0.66 + 0.00 0.49 0.02 0.02 0.03 0.03 0.01 0.02 + 0.01 0.01 + 0.09 0.11 + 0.12 0.14 + 0.10 0.11 unch 0.12 0.12 0.12 0.12 unch 0.07 0.10 + 0.09 0.13 + 2.23 2.29 + 1.67 1.72 + 0.06 0.06 0.00 0.07 + 0.00 0.00 0.21 0.28 unch 1.25 1.27 -

(100s)

High Low

Week Last

12-month

Exc Volume

High

Low

Change

Boreal Metals Boreal Metals * Borneo Res Inv* Boundary Gold* Boundary Gold Bravada Gold Bravada Gold* Braveheart Res Braveheart Res* Bravo Multinat* Brazil Min* Brigadier Gold* Brigadier Gold BrightRock* Britannia Mng* Brixton Metals Brixton Metals* Bryn Res* BTU Metals* BTU Metals Buenaventura* Buffalo Coal * Buffalo Coal Bullfrog Gold* Bullfrog Gold Bunker Hill Bushveld Min* BWR Explor

V 32 O 28 O 36816 O 19 V 252 V 911 O 318 V 2165 O 959 O 35 O 106126 O 493 V 1336 O 602 O 1320 V 2687 O 1752 O 127 O 405 V 2029 N 6285 O 2 V 253 O 1063 C 1132 C 460 O 76 V 1149

0.10 0.08 0.00 0.05 0.07 0.22 0.17 0.17 0.13 0.10 0.00 0.34 0.45 0.03 0.01 0.48 0.37 0.03 0.15 0.20 14.04 0.00 0.01 0.18 0.23 0.60 0.30 0.06

0.00 0.09 0.06 0.06 + 0.00 0.00 + 0.00 0.05 0.05 0.05 0.19 0.19 0.14 0.14 0.12 0.16 + 0.09 0.12 + 0.05 0.08 0.00 0.00 0.26 0.29 0.35 0.37 0.02 0.02 0.00 0.01 + 0.36 0.36 0.28 0.28 0.03 0.03 + 0.14 0.14 0.18 0.18 13.12 13.59 + 0.00 0.00 unch 0.01 0.01 unch 0.13 0.14 0.18 0.18 0.54 0.54 0.00 0.21 + 0.05 0.05 -

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

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

0.05 0.07 0.40 0.44 0.18 0.13 0.02 0.05 0.07 1.91 2.54 22.73 2.03 1.55 0.17 0.23 2.41 3.14 11.18 14.56 0.19 0.14 0.11 0.00 0.28 0.22 0.04 1.85 0.06 0.05 0.06 0.05 0.72 0.55 0.05 0.11 1.60 0.16 0.24 0.11 0.17 0.22 0.06 0.14 0.10 0.24 0.45 0.58 0.11 0.06 0.08 0.20 0.28 0.08 0.06 0.20 0.10 0.14 0.19 1.45 1.10 0.22 0.16 1.37 0.05 0.05 0.55 0.69 0.09 0.06 0.26 0.07 0.09 0.24 0.32 0.09 0.12 0.04 0.02 0.03 0.35 0.55 0.14 0.18 0.03 3.72 0.05 17.92 0.08 0.65 0.50 0.02 0.12 0.10 0.35 0.25 0.01 0.03 0.23 0.35 0.14 0.60 0.48 1.14 0.12 0.16 2.33 3.10 0.11 0.08 5.19 6.82 91.58 0.13 0.10 0.15 0.12 1.46 1.08 0.70 0.33 0.17 0.08 0.05 6.66 0.16 0.13 0.10 0.26 0.05 0.06 9.01 0.06 0.09 0.18 0.14 0.75 0.70 0.06 0.12 0.10 0.30

Stock

0.01 0.00 0.00 0.00 0.02 0.01 0.01 0.04 0.03 0.00 0.00 0.00 0.06 0.01 0.00 0.10 0.07 0.00 0.01 0.01 0.37 0.00 0.00 0.02 0.03 0.02 0.05 0.01

0.14 0.08 0.00 0.10 0.13 0.25 0.19 0.18 0.13 0.58 0.01 0.45 0.62 0.04 0.01 0.57 0.42 0.07 1.00 0.49 15.94 0.01 0.01 0.21 0.27 1.01 0.45 0.06

0.03 0.03 0.00 0.00 0.01 0.05 0.03 0.05 0.03 0.05 0.00 0.07 0.05 0.00 0.00 0.08 0.05 0.02 0.00 0.07 5.12 0.00 0.01 0.05 0.08 0.10 0.00 0.02

0.01 0.00 0.13 0.18 0.03 0.03 0.00 0.02 0.00 0.11 0.35 0.16 0.06 0.05 0.01 0.02 0.38 0.52 0.12 0.07 0.04 0.00 0.00 0.00 0.01 0.01 0.00 0.07 0.01 0.01 0.01 0.00 0.05 0.04 0.00 0.01 0.06 0.00 0.01 0.01 0.01 0.03 0.01 0.02 0.01 0.07 0.03 0.08 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.03 0.11 0.03 0.01 0.14 0.01 0.01 0.05 0.02 0.02 0.01 0.03 0.01 0.00 0.01 0.00 0.00 0.03 0.00 0.00 0.00 0.06 0.12 0.02 0.02 0.01 0.03 0.01 0.31 0.01 0.00 0.01 0.00 0.04 0.02 0.01 0.02 0.00 0.00 0.00 0.03 0.01 0.04 0.04 0.29 0.00 0.00 0.18 0.24 0.00 0.01 0.60 0.80 5.27 0.01 0.00 0.00 0.00 0.16 0.00 0.00 0.04 0.02 0.02 0.00 0.00 0.00 0.01 0.01 0.04 0.01 0.02 0.07 0.01 0.01 0.01 0.01 0.06 0.05 0.45 0.01 0.01 0.00

0.06 0.08 0.40 0.44 0.32 2.08 0.04 0.05 0.36 9.60 3.00 29.39 2.03 1.55 0.42 0.55 3.10 4.15 12.33 16.71 0.25 0.19 0.14 0.08 0.39 0.28 0.06 3.00 0.06 0.05 0.08 0.06 0.73 0.57 0.43 0.48 2.24 0.83 1.15 0.16 0.22 0.29 0.07 0.15 0.11 0.26 0.45 0.64 0.12 0.08 0.11 0.25 0.33 0.11 0.09 0.30 0.10 0.14 0.30 6.88 5.23 0.23 0.16 1.37 0.07 0.05 0.55 0.72 0.10 0.07 0.33 0.10 0.11 0.30 0.32 0.12 0.18 0.06 0.03 0.04 0.35 0.55 0.18 0.23 0.08 4.04 0.29 19.59 0.25 0.90 0.59 0.09 0.23 0.12 0.54 0.41 0.02 0.03 0.23 0.42 0.20 0.77 0.59 1.14 0.16 0.27 2.33 3.10 0.32 0.18 5.75 7.61 125.27 0.17 0.12 0.17 0.15 1.50 1.08 0.70 0.47 0.20 0.10 0.05 9.02 0.23 0.15 0.11 0.55 0.07 0.08 9.25 0.07 0.09 0.31 0.23 0.82 1.00 0.77 0.15 0.11 0.39

0.03 0.01 0.05 0.07 0.04 0.00 0.00 0.01 0.06 0.11 1.30 5.92 0.46 0.00 0.08 0.11 0.22 0.32 5.30 7.69 0.00 0.05 0.03 0.00 0.05 0.03 0.01 0.38 0.02 0.01 0.03 0.02 0.25 0.18 0.05 0.01 0.67 0.12 0.10 0.06 0.06 0.09 0.00 0.03 0.02 0.05 0.03 0.05 0.02 0.01 0.01 0.04 0.06 0.04 0.04 0.10 0.00 0.02 0.05 0.46 0.33 0.03 0.02 0.33 0.02 0.01 0.15 0.20 0.04 0.01 0.00 0.01 0.03 0.05 0.07 0.03 0.02 0.01 0.01 0.01 0.18 0.10 0.02 0.06 0.01 1.52 0.03 5.52 0.01 0.05 0.03 0.00 0.05 0.05 0.24 0.18 0.00 0.01 0.05 0.07 0.06 0.08 0.05 0.08 0.07 0.09 0.77 0.96 0.07 0.07 1.01 1.40 51.60 0.05 0.07 0.03 0.01 0.45 0.22 0.50 0.28 0.01 0.03 0.04 2.63 0.07 0.03 0.02 0.06 0.02 0.03 1.98 0.03 0.04 0.05 0.05 0.21 0.25 0.16 0.05 0.04 0.11

C 4 1560 1256 6112 423 2 10 1161 2 5 75 815 2447 835 95 129 182 122 9471 3200 29 38 12 0 494 31 13 1028 14 7 156 306 4597 1201 23 212 238 10 33 284 161 392 41 7553 2591 2713 39 54 298 54 125 22 103 25 2 38 3 406 15 111 2 303 158 3228 77 45 150 454 178 257 5 4990 253 270 949 250 335 342 235 1342 11 255 1587 3974 663 42 83 3438 514 67 11 19 57 65 313 20 40 287 1 180 13 404 517 113 9 13 97 2607 3 2 162 248 44364 463 5 227 92 985 22 197 1174 95 468 40 33977 80 1321 123 858 67 155 22738 50 344 23 47 356 1950 726 697 133 89

0.05 0.06 0.20 0.28 0.15 0.01 0.02 0.03 0.07 1.78 2.33 18.70 1.75 1.23 0.13 0.18 1.95 2.65 10.30 13.57 0.14 0.14 0.10 0.00 0.24 0.00 0.00 1.56 0.00 0.00 0.05 0.00 0.60 0.47 0.05 0.06 1.03 0.16 0.17 0.09 0.14 0.18 0.03 0.11 0.08 0.16 0.35 0.47 0.09 0.05 0.00 0.18 0.24 0.00 0.06 0.20 0.00 0.11 0.00 1.28 0.00 0.19 0.15 1.18 0.00 0.00 0.50 0.67 0.07 0.05 0.19 0.05 0.08 0.22 0.30 0.08 0.10 0.04 0.02 0.02 0.30 0.39 0.11 0.15 0.02 3.47 0.03 16.26 0.07 0.00 0.49 0.01 0.08 0.08 0.33 0.25 0.01 0.02 0.23 0.33 0.00 0.49 0.39 0.94 0.10 0.16 2.11 2.76 0.00 0.00 4.24 5.55 83.51 0.12 0.00 0.12 0.09 1.32 1.04 0.50 0.28 0.15 0.07 0.05 6.07 0.13 0.11 0.08 0.22 0.03 0.04 8.14 0.05 0.08 0.00 0.00 0.69 0.06 0.05 0.10 0.08 0.27

0.05 + 0.07 unch 0.34 + 0.44 + 0.17 + 0.01 0.02 + 0.03 0.07 unch 1.78 2.33 18.96 + 1.81 1.38 0.13 + 0.19 + 2.33 + 3.09 + 10.55 + 13.91 + 0.19 + 0.14 unch 0.11 unch 0.01 unch 0.25 0.20 0.03 unch 1.73 0.05 0.05 + 0.06 + 0.05 0.63 + 0.48 + 0.05 unch 0.09 + 1.28 0.16 unch 0.23 0.10 + 0.15 0.19 0.05 0.13 + 0.10 + 0.18 0.35 + 0.58 + 0.10 0.06 + 0.06 0.18 + 0.25 unch 0.08 unch 0.06 unch 0.20 unch 0.10 0.14 + 0.19 1.28 1.10 + 0.19 0.15 1.34 + 0.05 0.05 + 0.50 0.67 0.07 0.05 0.20 0.06 0.08 unch 0.23 + 0.30 unch 0.09 unch 0.10 0.04 unch 0.02 unch 0.03 unch 0.35 + 0.45 + 0.13 + 0.17 + 0.02 3.52 + 0.05 + 16.60 + 0.08 + 0.60 unch 0.50 + 0.02 + 0.12 + 0.09 + 0.34 0.25 0.01 + 0.02 unch 0.23 unch 0.35 + 0.14 0.57 + 0.43 + 1.04 + 0.10 unch 0.16 unch 2.27 + 3.01 + 0.11 unch 0.08 + 4.28 5.65 85.08 0.13 0.10 0.15 unch 0.12 + 1.40 + 1.06 unch 0.65 unch 0.29 0.15 0.08 + 0.05 unch 6.13 unch 0.13 0.12 0.08 0.26 + 0.05 + 0.06 + 8.33 + 0.06 + 0.08 0.18 + 0.11 0.75 + 0.70 + 0.05 0.12 0.08 0.29 unch

(100s)

High Low

Week Last

12-month

Exc Volume

High

Low

Change

Commerce Res* Compass Gold* Compass Gold Compliance Egy* Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold* Condor Gold Condor Res Condor Res* Confedertn Ml* Confedertn Mls Conic Metals* Conic Metals Conquest Res * Conquest Res Cons Woodjam CONSOL Coal Rs* CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* Copper Fox Mtl Copper Fox Mtl* Copper Lake Rs Copper Mtn Mng Copper Mtn Mng* Copper North M* Copper North M Copper One * Copper One Copperbank Res* Copperbank Res Coral Gold * Coral Gold Cordoba Mnls* Cordoba Mnls Core Assets Core Lithium* Cornerstone Ca Cornerstone Ca* Corsa Coal * Corsa Coal Corvus Gold* Corvus Gold CR Capital Crazy Horse Res* Crest Resource Crestview Expl Critical Elem* Critical Elem CROPS Cross River Crown Mining Crown Mining* Cruz Cobalt* Cruz Cobalt Crystal Peak* Crystal Peak CTGX Mining* Currie Rose Rs Cyntar Venture Cypress Dev Cypress Dev*

41 O 32 O 626 V 2 O X 242943 103 V 43 O 35 O 47 T 1446 V 358 O 8 O 287 V 152 O 380 V 620 O 1320 V 582 V 178 N 1387 N N 16804 11 O 70 V 452 O 453 V 20 O 385 V 57 O 726 V 2045 T 277 O 7 O 1712 V 1219 O 8954 C 428 O 220 C 110 O 233 V 596 O 7098 V 68 C 16 O 150 V 95 O 59 O 34 V 462 D 867 T 60 V 1 O 1781 C 76 C 113 O 211 V 1004 V 87 C 583 V 75 O 174 O 121 C 60 O 294 V 0 O 121 V 125 C 1719 V 1132 O

0.23 0.20 0.29 0.00 2.12 0.13 0.10 0.74 1.40 0.38 0.30 1.75 2.35 0.22 0.28 0.05 0.07 0.12 3.91 5.71 12.20 0.17 0.23 0.16 0.22 0.04 0.14 0.11 0.03 0.90 0.70 0.05 0.07 0.21 0.26 0.17 0.21 0.62 0.83 0.09 0.12 0.17 0.20 4.23 3.30 0.14 0.19 3.29 4.08 0.19 0.07 0.18 0.46 0.24 0.31 0.03 0.29 0.09 0.07 0.05 0.07 0.03 0.04 0.00 0.05 0.19 0.55 0.42

0.20 0.20 0.18 0.18 0.24 0.25 0.00 0.00 unch + 0.99 1.00 0.00 0.12 unch + 0.08 0.08 + 0.68 0.69 + 0.97 0.99 + 0.30 0.33 + 0.22 0.26 + 1.66 1.74 + 2.19 2.32 0.18 0.18 0.25 0.25 0.04 0.05 0.06 0.07 unch 0.08 0.09 3.67 3.81 4.92 5.02 11.01 11.27 0.15 0.15 + 0.21 0.23 0.14 0.15 0.19 0.20 0.04 0.04 + 0.12 0.14 + 0.09 0.10 0.03 0.03 unch + 0.74 0.83 + 0.55 0.63 + 0.00 0.03 + 0.00 0.06 + 0.14 0.16 + 0.19 0.20 + 0.14 0.15 + 0.00 0.20 + 0.56 0.62 + 0.00 0.83 0.06 0.07 0.09 0.09 0.17 0.17 unch 0.07 0.07 + 3.65 4.09 + 2.80 3.10 0.13 0.13 unch 0.17 0.19 unch + 2.83 2.94 + 3.77 3.85 + 0.17 0.18 0.00 0.07 0.14 0.15 0.40 0.40 0.22 0.22 + 0.29 0.29 0.02 0.02 unch + 0.25 0.28 + 0.08 0.09 + 0.00 0.07 0.04 0.05 0.06 0.06 + 0.03 0.03 0.04 0.04 0.00 0.00 unch 0.00 0.05 unch 0.19 0.19 unch + 0.43 0.52 + 0.32 0.40

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

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

405 320 44 124 278 74 2677 180 8 1323 58 308 731 2533 1954 132 699 2511 51 1492 709 34 90 50 566 18 2 359 347 487 3139 7413 39969 2701 257 2 414 1 0 338 0 5 3297 3473 108 985 33 2112 3293 40 615 50 5 189 420 138 12 56 20 273 85 67 43 355 325 22 314 2215 0 9 155 53 30 2051 1154 587 865 36 32 5 108 325 78 147 1360 6 113 1372 220 12058 3464 159 381 566 1016 163 32 2501 1449 513 1433 127

0.05 0.07 0.42 0.09 0.36 0.23 0.10 0.08 0.09 0.12 0.03 0.15 0.19 0.44 0.45 0.18 0.65 0.51 0.23 0.31 0.87 0.02 0.08 0.06 0.00 0.15 0.09 0.14 0.13 0.16 1.98 2.59 0.00 0.02 0.02 0.28 0.40 0.01 0.00 0.25 0.00 0.05 0.90 1.17 1.10 0.27 0.21 15.68 10.02 0.11 0.15 0.21 0.09 0.13 2.39 1.81 0.60 0.13 0.09 0.34 0.26 0.07 0.05 0.18 0.18 0.13 0.13 0.17 0.00 0.30 0.40 0.05 0.04 0.29 0.22 0.65 0.83 0.07 0.06 0.11 0.15 0.19 0.03 0.05 0.02 0.05 0.07 0.19 0.14 12.30 16.03 1.02 1.33 1.76 1.34 0.46 0.34 0.40 0.11 0.08 3.04 3.94

High Low

0.00 0.00 0.05 0.00 0.21 0.00 0.00 0.01 0.01 0.03 0.02 0.04 0.10 0.02 0.01 0.01 0.00 0.01 0.05 0.53 0.73 0.01 0.03 0.01 0.01 0.00 0.01 0.00 0.00 0.10 0.08 0.01 0.02 0.03 0.03 0.01 0.01 0.07 0.10 0.01 0.02 0.00 0.13 0.39 0.29 0.00 0.00 0.08 0.12 0.01 0.93 0.04 0.04 0.01 0.01 0.00 0.03 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.12 0.10

0.29 0.50 0.65 0.00 2.12 0.15 0.11 2.59 1.40 0.44 0.32 2.06 2.78 0.35 0.48 0.06 0.08 0.14 13.59 19.20 14.19 0.32 0.40 1.00 0.28 0.24 0.20 0.14 0.03 0.90 0.70 0.05 0.07 0.69 1.00 0.18 0.24 0.63 0.85 0.10 0.14 0.20 0.21 4.23 3.30 0.42 0.56 3.29 4.26 0.28 1.00 0.22 2.60 0.48 0.63 0.04 0.30 0.10 0.07 0.05 0.07 0.12 0.15 0.07 0.07 0.21 0.55 0.42

0.07 0.10 0.14 0.00 0.23 0.08 0.01 0.03 0.34 0.04 0.02 0.11 0.21 0.09 0.12 0.01 0.01 0.02 3.54 3.35 4.26 0.09 0.12 0.00 0.08 0.04 0.01 0.03 0.01 0.28 0.19 0.01 0.01 0.01 0.05 0.12 0.10 0.18 0.26 0.03 0.04 0.17 0.02 1.36 1.05 0.08 0.12 0.72 0.99 0.02 0.00 0.04 0.40 0.16 0.17 0.01 0.17 0.02 0.01 0.01 0.03 0.01 0.01 0.00 0.02 0.08 0.11 0.08

0.00 0.00 0.02 0.03 0.01 0.06 0.01 0.00 0.00 0.01 0.01 0.02 0.04 0.05 0.02 0.06 0.00 0.02 0.02 0.01 0.17 0.00 0.01 0.00 0.00 0.01 0.01 0.01 0.03 0.01 0.13 0.18 0.00 0.00 0.00 0.04 0.07 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.08 0.02 0.02 0.10 0.21 0.01 0.01 0.00 0.00 0.01 0.31 0.21 0.00 0.02 0.00 0.03 0.02 0.01 0.00 0.03 0.01 0.02 0.00 0.00 0.00 0.02 0.03 0.01 0.00 0.01 0.00 0.00 0.00 0.02 0.01 0.00 0.02 0.01 0.02 0.00 0.00 0.01 0.01 0.08 0.06 0.17 0.32 0.16 0.17 0.11 0.06 0.05 0.04 0.07 0.01 0.01 0.11 0.13

0.06 0.08 0.96 0.09 0.47 0.25 0.14 0.10 0.09 0.16 0.08 0.23 0.25 0.45 0.45 0.62 0.68 0.52 0.26 0.35 0.87 0.03 0.20 0.15 0.00 0.25 0.17 0.24 0.14 0.18 2.14 2.84 0.00 0.03 0.02 0.31 0.43 0.01 0.03 0.27 0.06 0.21 0.90 1.17 1.65 0.34 0.26 18.05 10.73 0.13 0.18 0.27 0.14 0.20 2.62 1.98 0.85 0.14 0.11 0.60 0.40 0.08 0.06 0.18 0.20 0.14 0.21 0.24 0.09 0.44 0.72 0.06 0.05 0.32 0.24 0.80 0.96 0.15 0.10 0.14 0.15 0.19 0.05 0.06 0.03 0.05 0.07 0.19 0.14 13.20 17.46 0.95 1.33 2.09 1.54 0.46 0.34 0.40 0.14 0.11 3.33 4.40

0.01 0.02 0.06 0.02 0.16 0.07 0.01 0.00 0.02 0.03 0.01 0.03 0.06 0.06 0.03 0.15 0.24 0.19 0.05 0.05 0.14 0.01 0.07 0.05 0.00 0.09 0.04 0.03 0.02 0.03 0.13 0.22 0.00 0.01 0.00 0.08 0.08 0.00 0.00 0.07 0.00 0.03 0.12 0.17 0.45 0.04 0.04 3.06 3.20 0.03 0.04 0.11 0.03 0.05 0.99 0.70 0.24 0.04 0.03 0.19 0.11 0.02 0.01 0.07 0.08 0.07 0.02 0.02 0.06 0.12 0.18 0.03 0.02 0.06 0.04 0.31 0.40 0.03 0.02 0.10 0.02 0.04 0.01 0.02 0.01 0.01 0.02 0.02 0.01 4.60 6.29 0.14 0.19 0.29 0.22 0.28 0.19 0.02 0.03 0.03 1.18 1.54

D-F 0.04 0.05 0.07 0.07 unch 0.37 0.40 + 0.00 0.09 + 0.33 0.35 0.13 0.13 0.09 0.09 0.06 0.08 0.09 0.09 unch + 0.11 0.12 + 0.02 0.03 0.11 0.12 0.14 0.15 0.36 0.36 0.27 0.29 0.15 0.15 0.61 0.64 unch + 0.46 0.50 0.21 0.21 0.28 0.28 + 0.63 0.87 0.02 0.02 unch 0.07 0.08 0.05 0.05 + 0.00 0.00 0.00 0.15 0.08 0.08 0.12 0.13 + 0.10 0.13 0.14 0.14 1.55 1.74 2.07 2.30 0.00 0.00 unch 0.02 0.02 unch 0.01 0.02 + 0.00 0.28 + 0.34 0.37 0.01 0.01 unch 0.00 0.01 unch + 0.21 0.22 0.00 0.01 unch 0.00 0.05 unch + 0.70 0.76 0.93 0.98 1.02 1.02 0.22 0.25 0.17 0.17 + 13.50 14.07 8.94 9.05 + 0.11 0.11 + 0.14 0.15 0.21 0.21 unch 0.09 0.09 unch + 0.12 0.13 2.02 2.03 1.53 1.55 0.50 0.60 unch 0.11 0.11 0.09 0.09 0.26 0.32 0.21 0.23 0.06 0.06 + 0.04 0.05 0.15 0.15 0.16 0.18 + 0.12 0.13 + 0.10 0.12 0.13 0.15 unch 0.00 0.09 unch + 0.00 0.30 + 0.34 0.38 0.00 0.04 + 0.03 0.03 + 0.24 0.25 + 0.18 0.19 + 0.58 0.59 0.77 0.77 unch + 0.07 0.07 0.04 0.04 0.11 0.11 unch + 0.12 0.15 + 0.17 0.18 + 0.01 0.03 0.04 0.04 unch + 0.02 0.02 + 0.04 0.05 + 0.05 0.07 + 0.06 0.14 + 0.04 0.11 10.88 10.92 14.37 14.39 + 0.81 0.96 + 1.07 1.27 1.57 1.57 1.20 1.20 + 0.41 0.45 + 0.31 0.34 + 0.26 0.40 0.09 0.09 0.07 0.07 + 2.66 2.79 + 3.52 3.69

G LOBAL M I N I N G

N EW S

(100s) Stock

Exc Volume

TH E N OR TH ER N

Week High

Low 0.02 0.03 0.28 35.60 25.89 3.62 4.77 0.09 0.09 0.28 0.21 2.18 1.65 0.16 0.06 0.05 0.03 0.30 0.41 16.64 12.58 0.01 0.01 0.10 0.14 0.49 0.37 0.03 0.04 17.95 13.87 0.06 0.08 0.08 0.52 0.68 0.22 0.16 0.22 0.41 0.07 0.53 0.39 0.03 0.04 0.04 0.05 0.08 0.02 0.54 0.40 0.01 0.06 0.00 0.41 0.86 0.66 0.59 0.77 0.01 0.01 3.40 4.45 0.00 0.00 0.46 0.34 0.17 0.13 0.07 0.09 0.06 0.51 0.39 0.09 0.00 0.00 1.89 0.06 1.07 1.42 0.45 0.00 0.12 0.11 0.11 0.60 0.48 0.00 0.11 0.15 0.15 0.20 15.08 11.39 0.34 0.45 0.32 12.26 0.35 0.27 0.08 0.06 0.26 0.35 0.05 0.07 0.08 0.13 0.05 0.02 0.03 0.28 0.16 0.15 0.00 0.00 12.54 8.25 6.25 1.43 0.00 0.05 0.07 0.12 0.09 3.78 0.08 0.05 0.42 146.00 193.21 0.00 1.35 0.56 14.01 0.64 0.12 15.80 0.23 0.00 0.00 0.14 0.05 0.07

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

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

9 327 1422 2456 96 19228 3821 50 464 3270 572 967 7121 845 275 165 165 385 518 6327 8594 18 779 408 1209 2252 802 27 667 760 10 293 1922 1922 549 1141 304 1273 1183 334 15 2745 710 3 261 298 327 560 165 1009 109 121 9 101 335 1409 620 176 289 50 1127 17 18 0 5 611 36 2108 476 1106 1905 253 679 570 219 72 15 464 86 942 1705 55 0 772 173 407 614 165 167 1860 4088 862 920 4747 24046 5910 8716 397 14029 120 184 760 135 1310 1853 425 8 452 320 35 1046 737 1943 152 69 3 8 8 3405 15860 85 9 141 640 1037 802 575 15 4 1180 3115 2202 99 6426 1483 78636 50 1422 90 221 2141 5 206 3301 2821

0.02 0.03 0.35 37.24 28.85 4.10 5.43 0.09 0.12 0.32 0.25 2.32 1.76 0.19 0.06 0.05 0.04 0.34 0.44 17.99 13.66 0.01 0.02 0.13 0.18 0.60 0.45 0.03 0.05 19.34 14.33 0.08 0.11 0.11 0.70 0.95 0.28 0.21 0.27 0.48 0.08 0.63 0.48 0.03 0.04 0.04 0.06 0.49 0.02 0.74 0.57 0.09 0.06 0.09 0.57 0.99 0.75 0.65 0.87 0.01 0.02 3.60 4.90 0.00 0.48 0.50 0.41 0.21 0.16 0.09 0.10 0.08 0.56 0.43 0.11 0.09 1.48 2.00 0.07 1.26 1.64 0.50 0.10 0.18 0.12 0.13 0.80 0.61 0.01 0.12 0.16 0.18 0.22 16.53 12.56 0.43 0.55 0.49 13.64 0.41 0.34 0.09 0.07 0.30 0.40 0.05 0.07 0.09 0.14 0.05 0.03 0.03 0.42 0.18 0.16 0.15 0.12 13.24 9.02 6.86 1.55 1.14 0.07 0.08 0.16 0.12 4.64 0.08 0.06 0.62 156.78 206.34 0.01 1.68 0.61 15.19 0.74 0.14 17.16 0.25 0.04 0.11 0.15 0.07 0.09

G2 Goldfields* G2 Goldfields Gabriel Res Gabriel Res* Gaia Metals* Gaia Metals Gainey Capital Galane Gold Galane Gold * Galantas Gold Galantas Gold* Galiano Gold Galiano Gold* Galleon Gold Galleon Gold* Galore Res Galway Gold * Galway Gold Galway Mtls* Galway Mtls Gambier Gold* Gambier Gold Garibaldi Res * Garibaldi Res Gatling Explor Gatling Explor* General Moly* General Moly Generation Min* Generation Min Generic Gold Genesis Mtls*

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

44 1355 119 115 37 728 1497 901 329 28 3 1609 10037 2160 475 289 38 177 389 1425 10 191 228 1073 395 221 16591 269 265 1672 436 151

0.58 0.78 0.51 0.36 0.12 0.15 0.05 0.31 0.23 0.32 0.29 2.40 1.84 0.17 0.12 0.03 0.17 0.24 1.38 1.82 0.09 0.13 0.60 0.74 0.40 0.31 0.25 0.36 0.35 0.47 0.50 0.23

Last

High Low

Stock

Genesis Mtls Genius Metals Gensource Pot Geomega Res Geomega Res* Gespeg Res Getchell Gold * Getchell Gold Getty Copper GFG Resources* GFG Resources GFM Res GGL Res GGX Gold GGX Gold* Giga Metals Giga Metals* Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake* Glacier Lake Gldn Predator* Gldn Predator Glen Eagle Res* Glen Eagle Res Glencore Plc * Glencore Plc* Global Atomic* Global Atomic Global Battery* Global Battery Global Energy* Global Energy Global Li-Ion Global Li-Ion* GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals GMV Minerals* GNCC Capital* Go Cobalt* Go Cobalt GobiMin GoGold Res Gold Fields* Gold Fields* Gold Finder Ex Gold Finder Ex* Gold Lion Res Gold Lion Res* Gold Plus Gold Reserve* Gold Reserve Gold Resource* Gold Rush Cari* Gold Rush Cari Gold Std Vents Gold Std Vents* Gold X Mining Gold79 Mines Gold79 Mines* Goldbank Mng Goldbank Mng* Goldblock Cap Goldcliff Res* Goldcliff Res Golden Arrow Golden Arrow* Golden Band* Golden Birch Golden Cariboo Golden Dawn Ml Golden Dawn Ml* Golden Goliath Golden Goliath* Golden Harp Golden Hope Golden Hope* Golden Lake Golden Mnls Golden Mnls* Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Star Golden Star* Golden Sun* Golden Tag Golden Valley Goldex Res* Goldex Res Goldgroup Mng Goldgroup Mng* GoldHaven Res* GoldMining GoldMining* GoldON Res* GoldON Res GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldseek Res* Goldsource Min Goldsource Min* Goldstar Mnls Goldstrike Res* Goldstrike Res Goliath Res Goliath Res* Gossan Res GoviEx Uranium* GoviEx Uranium Gowest Gold* Gowest Gold GPM Metals* GPM Metals GR Silver* GR Silver Gran Colombia* Gran Colombia Granada Gold Granada Gold* Grande Portage Grande Portage* Granite Creek Graphite Egy* Graphite One* Graphite One Gratomic* Gratomic Gray Rock Res* Gray Rock Res Graycliff Exp Great Atlantic Great Bear Res Great Bear Res* Great Lakes Gr* Great Panther Great Panther* Great Thunder* Greatbanks Re Green River Green Swan Cap Green Valley M Greencastle Rs Greenland M&En* Greenshield Ex Grenville Gold Grenville Gold* Grid Metals Grid Metals* Grizzly Discvr* Grizzly Discvr Grosvenor Res Group Eleven Group Ten Mtls* Group Ten Mtls GrowMax Res* GSP Resource GT Gold GT Gold * Gungnir Res* Gungnir Res Gunpoint Expl* Gunpoint Expl Guyana Gldflds Guyana Goldstr Guyana Goldstr* Handa Mining Handa Mining* Handeni Gold* Hanna Capital

0.02 unch 0.03 0.28 35.82 + 27.32 + 3.65 4.81 0.09 + 0.09 0.29 0.22 2.25 + 1.71 + 0.17 0.06 0.05 unch 0.03 0.34 + 0.44 + 16.78 + 12.70 + 0.01 unch 0.02 unch 0.11 0.15 0.50 0.38 0.03 0.05 unch 18.66 + 14.28 + 0.07 + 0.08 0.08 0.54 0.70 0.28 + 0.18 0.24 0.45 + 0.07 unch 0.53 0.40 0.03 unch 0.04 0.04 + 0.05 0.17 + 0.02 unch 0.55 0.42 0.01 0.06 + 0.08 0.49 + 0.90 0.68 0.61 + 0.79 + 0.01 unch 0.02 unch 3.60 + 4.90 + 0.00 unch 0.46 0.48 + 0.36 + 0.19 0.14 0.08 unch 0.09 0.06 0.54 + 0.42 + 0.10 0.09 + 1.45 unch 1.91 0.06 unch 1.14 + 1.50 + 0.47 + 0.10 0.14 0.12 unch 0.13 0.75 + 0.54 + 0.01 0.11 + 0.15 unch 0.16 + 0.21 + 15.23 11.55 0.35 0.46 0.39 + 12.39 + 0.36 0.27 0.08 0.07 + 0.30 + 0.40 + 0.05 + 0.07 unch 0.08 0.13 0.05 unch 0.02 + 0.03 0.39 + 0.16 0.15 0.15 + 0.12 + 12.97 + 8.26 6.27 1.45 unch 1.05 0.06 0.08 unch 0.14 0.11 + 3.96 0.08 unch 0.05 0.52 + 148.53 + 195.84 + 0.01 unch 1.45 0.56 14.36 + 0.66 0.12 16.25 + 0.24 unch 0.03 unch 0.11 0.14 unch 0.06 0.08 -

0.00 0.01 0.07 0.69 0.87 0.25 0.35 0.01 0.02 0.03 0.01 0.05 0.05 0.01 0.01 0.00 0.00 0.04 0.03 0.60 0.46 0.00 0.00 0.01 0.01 0.08 0.05 0.00 0.00 0.57 0.79 0.00 0.03 0.03 0.03 0.14 0.03 0.02 0.03 0.03 0.00 0.02 0.03 0.00 0.01 0.00 0.01 0.07 0.00 0.15 0.11 0.08 0.00 0.01 0.02 0.01 0.01 0.01 0.02 0.00 0.00 0.20 0.39 0.00 0.17 0.01 0.01 0.01 0.01 0.00 0.02 0.01 0.03 0.03 0.02 0.03 0.00 0.01 0.00 0.10 0.10 0.02 0.18 0.04 0.00 0.02 0.11 0.04 0.00 0.00 0.00 0.02 0.01 0.25 0.14 0.05 0.06 0.07 0.29 0.03 0.03 0.01 0.00 0.01 0.02 0.01 0.00 0.02 0.01 0.00 0.00 0.01 0.11 0.01 0.01 0.03 0.03 0.21 0.20 0.11 0.00 0.00 0.00 0.00 0.01 0.00 0.14 0.00 0.01 0.08 1.11 0.22 0.00 0.07 0.01 0.58 0.06 0.02 0.41 0.00 0.00 0.00 0.00 0.00 0.01

0.10 0.14 0.39 38.98 29.41 4.79 6.40 0.09 0.13 0.38 0.28 3.29 2.35 0.21 0.09 0.07 0.06 0.35 0.47 17.99 13.66 0.02 0.05 0.13 0.18 0.71 0.55 0.05 0.08 23.93 18.22 0.11 0.17 0.17 0.70 0.95 0.50 0.28 0.37 0.48 0.20 0.63 0.49 0.05 0.07 0.05 0.06 1.00 0.04 0.95 0.71 0.09 0.11 0.14 0.62 1.24 0.93 0.94 1.23 0.01 0.02 4.27 6.75 0.00 0.63 0.60 0.72 0.25 0.19 0.09 0.12 0.08 0.60 0.56 0.18 0.09 2.04 2.75 0.08 1.26 1.64 0.50 0.90 0.25 0.13 0.15 0.80 0.61 0.04 0.13 0.18 0.21 0.30 19.41 14.57 0.47 0.60 0.49 14.12 0.42 0.34 0.11 0.08 0.31 0.42 0.06 0.07 0.09 0.20 0.51 0.03 0.03 0.42 0.29 0.23 0.16 0.12 13.41 9.82 7.35 1.56 1.21 0.07 0.10 0.17 0.14 5.34 0.12 0.07 0.62 166.11 222.15 0.10 1.95 0.84 15.19 0.95 0.17 17.89 0.35 0.04 0.18 0.23 0.10 0.14

0.01 0.01 0.08 15.68 11.02 0.99 1.30 0.02 0.03 0.05 0.04 1.10 0.78 0.03 0.02 0.02 0.01 0.05 0.22 6.60 4.63 0.00 0.01 0.03 0.04 0.13 0.09 0.02 0.03 8.40 5.92 0.03 0.05 0.05 0.06 0.07 0.10 0.05 0.08 0.12 0.05 0.14 0.02 0.01 0.02 0.00 0.01 0.00 0.01 0.17 0.15 0.00 0.00 0.01 0.19 0.31 0.19 0.30 0.42 0.00 0.01 0.00 3.49 0.00 0.46 0.17 0.11 0.03 0.11 0.03 0.02 0.01 0.10 0.08 0.02 0.02 0.77 1.00 0.02 0.19 0.27 0.10 0.00 0.04 0.11 0.03 0.31 0.21 0.00 0.05 0.08 0.02 0.04 5.30 4.17 0.09 0.12 0.08 4.71 0.13 0.08 0.03 0.02 0.07 0.10 0.01 0.02 0.03 0.08 0.05 0.01 0.01 0.04 0.08 0.06 0.08 0.08 4.87 2.05 1.47 0.22 0.14 0.03 0.04 0.05 0.03 0.91 0.04 0.03 0.11 77.18 105.93 0.00 0.04 0.11 4.82 0.08 0.04 5.53 0.14 0.01 0.05 0.05 0.01 0.02

0.47 0.62 0.46 0.34 0.11 0.14 0.05 + 0.29 0.22 0.31 unch 0.29 + 2.16 1.63 0.14 0.10 0.03 + 0.17 + 0.23 + 1.12 1.47 0.09 unch 0.13 + 0.49 0.63 0.38 + 0.27 0.13 0.16 0.34 + 0.45 unch 0.45 0.20 -

0.08 0.14 0.01 0.02 0.02 0.01 0.01 0.01 0.00 0.00 0.00 0.02 0.03 0.01 0.01 0.01 0.02 0.04 0.04 0.06 0.00 0.01 0.06 0.10 0.01 0.00 0.11 0.16 0.00 0.00 0.04 0.00

0.87 1.20 0.71 0.54 0.34 0.60 0.11 0.41 0.30 0.75 0.55 2.80 2.12 0.20 0.14 0.03 0.27 0.39 1.57 2.09 0.10 0.13 1.52 2.03 0.71 0.54 100.00 0.54 0.62 0.51 0.57 0.38

0.13 0.14 0.40 0.26 0.03 0.03 0.02 0.05 0.03 0.03 0.02 0.80 0.56 0.03 0.02 0.01 0.06 0.08 0.20 0.27 0.03 0.02 0.26 0.37 0.24 0.17 0.12 0.19 0.15 0.39 0.02 0.10

G-H 0.47 0.60 0.44 0.33 0.10 0.13 0.05 0.27 0.21 0.00 0.00 2.05 1.55 0.14 0.10 0.02 0.13 0.19 1.11 1.46 0.09 0.11 0.44 0.61 0.36 0.27 0.12 0.16 0.22 0.43 0.40 0.19

(100s)

12-month Change

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

1225 73 175 811 83 98 782 1053 153 235 474 100 216 193 32 177 250 71 150 32 877 575 60 51 292 596 15 98 147 905 728 1272 25 60 236 652 810 170 0 32 404 81 55 36660 37 583 5 1644 5 33514 6483 1406 636 14 1908 59 14 6045 125 1195 1503 4263 934 647 62 362 4 10 5 988 1140 658 1118 61 340 654 19 684 520 45 236 8 581 238 11916 2 146 224 310 39 404 3355 302 2562 30 23 305 2388 684 201 12796 14190 4 307 1742 840 0 958 99 55 4072 2110 735 1 2 72 8 557 1954 2983 42 175 0 260 478 1216 335 6158 1208 744 914 287 637 7 189 51 129 1232 11 64 52 634 564 119 160 3728 21469 30 5 179 478 21 46 2597 181 12 1 855 238 47 211 7 1109 2705 2233 403 65 2270 287 262 277 1 5 2060 817 151 5 4 308 331

Week High

Low

0.30 0.25 0.17 0.22 0.16 0.10 0.34 0.44 0.04 0.20 0.27 0.15 0.19 0.26 0.21 0.35 0.26 0.19 0.13 0.11 0.16 0.12 0.10 0.15 0.33 0.42 0.08 0.11 2.34 4.61 0.54 0.71 0.11 0.16 0.02 0.02 0.16 0.13 0.12 0.56 0.76 0.32 0.25 0.00 0.11 0.16 0.35 1.78 12.53 13.36 0.17 0.13 0.68 0.51 0.26 1.97 2.54 4.38 0.03 0.03 1.29 0.98 4.20 0.10 0.09 0.15 0.11 0.16 0.07 0.10 0.19 0.15 0.00 0.20 0.14 0.15 0.10 0.22 0.17 0.44 0.41 0.31 0.28 0.63 0.48 0.19 0.25 0.26 2.00 0.19 6.56 4.98 0.00 0.37 7.63 0.09 0.10 0.10 0.07 0.36 3.67 2.78 0.46 0.61 0.49 0.07 0.00 0.05 0.59 0.41 0.13 0.10 0.03 0.27 0.32 0.32 0.25 0.08 0.12 0.16 0.27 0.39 0.05 0.08 0.66 0.86 5.12 6.72 0.26 0.20 0.63 0.48 0.20 0.64 0.42 0.55 0.14 0.19 0.00 0.23 0.40 0.70 17.60 13.10 0.00 1.42 1.07 0.69 0.18 0.08 0.06 0.28 0.10 0.23 0.18 0.14 0.10 0.18 0.13 0.06 0.08 0.18 0.14 0.30 0.39 0.04 0.33 1.46 1.10 0.07 0.09 0.55 0.93 1.83 0.07 0.05 0.03 0.01 0.10 0.07

0.25 0.22 0.16 0.19 0.14 0.09 0.29 0.37 0.04 0.18 0.24 0.12 0.15 0.20 0.16 0.30 0.23 0.16 0.13 0.11 0.14 0.12 0.10 0.00 0.28 0.36 0.08 0.10 2.17 4.33 0.49 0.66 0.11 0.14 0.01 0.00 0.13 0.10 0.12 0.53 0.70 0.27 0.21 0.00 0.04 0.00 0.35 1.64 0.00 11.92 0.13 0.10 0.62 0.47 0.20 1.63 2.03 4.01 0.02 0.03 1.18 0.90 3.94 0.08 0.06 0.10 0.08 0.16 0.07 0.09 0.18 0.13 0.00 0.16 0.13 0.13 0.00 0.20 0.14 0.35 0.36 0.28 0.24 0.56 0.42 0.19 0.18 0.24 1.81 0.17 6.10 4.62 0.00 0.33 7.32 0.07 0.09 0.07 0.05 0.30 2.39 1.78 0.41 0.55 0.42 0.05 0.00 0.03 0.50 0.41 0.12 0.09 0.02 0.00 0.00 0.26 0.20 0.06 0.10 0.13 0.27 0.30 0.05 0.07 0.57 0.75 4.51 5.96 0.22 0.16 0.50 0.38 0.12 0.51 0.35 0.48 0.12 0.16 0.00 0.19 0.00 0.55 15.17 11.50 0.00 1.20 0.93 0.00 0.18 0.08 0.05 0.00 0.09 0.17 0.16 0.00 0.10 0.15 0.11 0.05 0.08 0.15 0.09 0.24 0.33 0.03 0.28 1.26 0.96 0.06 0.08 0.55 0.90 1.80 0.05 0.04 0.03 0.01 0.08 0.06

Last

12-month Change

0.26 0.24 0.17 + 0.21 + 0.15 + 0.09 0.30 0.40 unch 0.04 unch 0.18 0.24 0.15 unch + 0.18 0.25 + 0.20 + 0.32 unch 0.23 0.17 unch 0.13 unch 0.11 + 0.16 unch 0.12 unch 0.10 unch 0.14 unch 0.28 0.37 0.08 unch 0.11 unch 2.19 4.35 0.53 0.71 + 0.11 + 0.14 unch 0.01 0.02 0.13 0.11 0.12 unch 0.55 + 0.73 + 0.32 + 0.21 0.00 unch 0.09 + 0.13 + 0.35 + 1.64 unch 12.38 + 12.29 + 0.13 + 0.10 + 0.66 unch 0.51 + 0.20 1.80 2.38 4.05 0.02 0.03 unch 1.20 0.91 3.94 0.09 0.09 + 0.15 + 0.11 + 0.16 unch 0.07 + 0.10 + 0.19 0.14 + 0.00 unch 0.20 + 0.13 unch 0.15 + 0.10 + 0.22 + 0.16 + 0.44 + 0.40 unch 0.31 + 0.26 unch 0.56 unch 0.42 + 0.19 unch 0.18 0.24 1.85 0.17 6.20 + 4.68 + 0.00 unch 0.34 7.32 0.07 0.10 + 0.07 0.05 0.30 3.60 + 2.73 + 0.41 0.56 0.42 0.06 0.04 unch 0.04 unch 0.54 + 0.41 0.12 unch 0.09 0.02 unch 0.27 0.32 0.26 0.22 0.07 unch 0.11 unch 0.14 + 0.27 + 0.32 0.05 unch 0.08 unch 0.57 0.78 + 4.56 6.01 0.25 + 0.18 0.60 + 0.46 + 0.15 + 0.51 0.41 + 0.54 + 0.14 + 0.18 + 0.07 unch 0.19 0.40 + 0.67 + 15.43 11.61 0.00 1.35 + 1.04 + 0.66 0.18 unch 0.08 unch 0.05 unch 0.28 unch 0.10 + 0.19 0.18 + 0.14 + 0.10 unch 0.15 0.11 0.06 + 0.08 0.15 0.10 + 0.27 0.35 0.04 0.30 1.43 + 1.09 + 0.07 unch 0.08 0.55 unch 0.90 + 1.82 + 0.05 0.04 0.03 unch 0.01 unch 0.08 + 0.07 +

0.02 0.02 0.01 0.02 0.01 0.01 0.01 0.00 0.00 0.02 0.03 0.00 0.02 0.04 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.00 0.00 0.05 0.06 0.00 0.02 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.02 0.03 0.00 0.00 0.05 0.08 0.07 0.00 0.38 0.04 0.02 0.01 0.00 0.01 0.02 0.15 0.10 0.07 0.00 0.00 0.02 0.00 0.12 0.01 0.01 0.05 0.03 0.00 0.00 0.01 0.01 0.00 0.00 0.02 0.00 0.03 0.01 0.03 0.02 0.09 0.00 0.03 0.00 0.00 0.00 0.00 0.07 0.03 0.01 0.01 0.14 0.12 0.00 0.01 0.23 0.02 0.01 0.02 0.02 0.08 1.22 0.94 0.08 0.04 0.03 0.01 0.00 0.00 0.04 0.01 0.00 0.00 0.00 0.00 0.03 0.07 0.03 0.00 0.00 0.01 0.04 0.01 0.00 0.00 0.01 0.01 0.22 0.37 0.01 0.00 0.11 0.09 0.01 0.01 0.04 0.06 0.02 0.03 0.00 0.04 0.02 0.11 0.73 0.63 0.00 0.13 0.13 0.06 0.00 0.00 0.00 0.00 0.01 0.00 0.02 0.05 0.00 0.03 0.03 0.00 0.01 0.01 0.02 0.00 0.01 0.04 0.04 0.07 0.06 0.00 0.01 0.00 0.17 0.01 0.01 0.00 0.00 0.00 0.00 0.01

(100s)

High Low

Stock

0.49 0.29 0.18 0.23 0.17 0.13 0.37 0.50 0.04 0.32 0.44 0.15 0.19 0.30 0.22 0.53 0.40 0.55 0.14 0.24 0.31 0.27 0.13 0.25 0.37 0.48 0.10 0.14 3.39 6.66 0.65 0.90 0.11 0.16 0.03 0.05 0.19 0.13 0.58 0.56 0.76 0.34 0.27 0.00 0.14 0.16 0.35 1.84 15.00 14.40 0.17 0.13 0.75 0.51 0.26 2.02 2.70 6.24 0.03 0.04 1.50 1.14 4.62 0.12 0.09 0.19 0.14 0.16 0.14 0.18 0.22 0.16 0.01 0.28 0.15 0.38 0.28 0.26 0.20 0.44 0.50 0.36 0.30 0.80 0.58 0.25 0.38 0.45 2.00 0.20 6.89 5.20 0.00 0.40 8.06 0.09 0.12 0.10 0.07 0.45 3.67 2.78 0.82 1.15 0.50 0.08 0.05 0.05 0.59 0.43 0.19 0.14 0.05 0.28 0.70 2.03 0.25 0.08 0.14 0.19 0.31 0.46 0.07 0.09 0.70 0.93 6.19 8.10 0.34 0.26 0.68 0.52 0.20 1.01 0.54 0.75 0.15 0.20 0.07 0.23 0.60 0.80 19.83 14.54 0.02 1.42 1.07 0.71 0.18 0.10 0.06 0.40 0.10 0.23 0.22 0.18 0.13 0.27 0.20 0.07 0.10 0.20 0.14 0.30 0.39 0.15 0.44 2.25 1.63 0.09 0.12 0.55 0.93 1.83 0.13 0.10 0.05 0.02 0.14 0.08

Hannan Metals Hannan Metals* Happy Ck Mnrls Harfang Explor Harmony Gold* Harte Gold* Harte Gold Harvest Gold* Harvest Gold Hawkeye Gld&Di* Hawkeye Gld&Di Heatherdale Rs Hecla Mining* Hemcare Health* Hemlo Expl* Hemlo Expl Highbank Res Highbury Proj HighGold HighGold* Highland Copp Highland Copp* Highway 50 Gld Highway 50 Gld* HiHo Silver* Hochschild Mg* Honey Badger E* Honey Badger E Horizonte Mnls HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hybrid Mineral Hylands Intl

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

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

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

0.15 0.14 0.07 0.09 0.06 0.03 0.05 0.06 0.02 0.05 0.07 0.05 0.03 0.05 0.05 0.13 0.09 0.05 0.01 0.04 0.04 0.11 0.09 0.05 0.11 0.15 0.05 0.07 1.29 2.51 0.18 0.23 0.03 0.02 0.00 0.01 0.03 0.03 0.10 0.19 0.26 0.08 0.05 0.00 0.01 0.02 0.20 0.37 4.09 3.79 0.02 0.02 0.17 0.34 0.05 1.05 1.82 2.02 0.00 0.01 0.46 0.27 0.75 0.02 0.02 0.09 0.06 0.12 0.05 0.07 0.09 0.06 0.00 0.03 0.02 0.04 0.02 0.04 0.02 0.04 0.06 0.05 0.07 0.20 0.13 0.04 0.04 0.08 0.66 0.03 2.56 1.85 0.00 0.03 3.10 0.04 0.06 0.02 0.01 0.11 0.85 0.61 0.14 0.20 0.09 0.02 0.01 0.01 0.07 0.38 0.06 0.03 0.01 0.00 0.12 0.12 0.00 0.02 0.05 0.08 0.08 0.10 0.02 0.03 0.07 0.10 2.10 2.88 0.09 0.06 0.10 0.07 0.03 0.00 0.10 0.13 0.00 0.03 0.07 0.04 0.30 0.30 3.68 7.46 0.00 0.32 0.23 0.10 0.06 0.04 0.01 0.05 0.03 0.04 0.00 0.06 0.05 0.08 0.05 0.01 0.02 0.09 0.02 0.09 0.12 0.00 0.08 0.66 0.50 0.02 0.03 0.29 0.43 0.25 0.02 0.01 0.02 0.01 0.02 0.02

Exc Volume

Week High

Low

651 312 364 246 35192 269 4017 27 49 690 364 669 49395 27 24 22 527 16 805 153 373 615 203 64 69 150 82 1329 1041 4961 4726 72 169 9 347 189 34

0.53 0.40 0.11 0.31 6.57 0.16 0.21 0.13 0.17 0.03 0.04 0.27 6.52 1.31 0.74 1.00 0.03 0.30 2.21 1.68 0.05 0.04 0.14 0.00 0.13 3.77 0.07 0.09 0.09 4.30 5.67 0.11 0.09 0.14 0.18 0.08 0.04

0.46 0.35 0.09 0.28 5.67 0.14 0.18 0.11 0.00 0.03 0.00 0.21 5.72 1.04 0.72 0.85 0.02 0.23 1.68 1.28 0.00 0.03 0.12 0.00 0.01 3.10 0.05 0.07 0.08 4.02 5.33 0.10 0.07 0.11 0.14 0.00 0.04

801 10 7504 19378 32 444 80 2529 129 1003 42 351 321 1326 220 5513 200 14 358 461 566 293 367 28 1 21 38 1924 781 288 15 255 513 616 55 3 19 1 78 45 3 173 1497 32 58 1335 171 1572 123 184 3 63 5601 2622 263 626 4 1340 55 571 71 432 3449 286 265 651 701 21 49 1119 416 4117 25 390 208 5 133 10907 5195 831 460 26 44 692 127 5 224 3619 2815 20 18 96 2127 2 595 4 72 10 167 13 812 1551 5510 275 16 22 1483 55 12 55121 30 808 657 4292 589 2543 9664 456 75 128 502 422 274 196 730 0 217 1 20651 78114 606 7843 4598 224 970 131 1070 164 91 817

0.04 0.03 6.11 4.64 0.09 0.12 0.10 0.28 0.26 0.02 0.08 0.29 0.23 0.04 0.03 0.99 3.55 2.70 0.09 0.57 0.75 0.03 0.13 0.09 0.03 0.13 0.06 0.07 0.63 0.17 0.00 0.06 3.96 5.24 0.38 0.25 0.21 0.11 0.08 0.10 0.02 0.02 0.02 0.04 0.05 0.03 0.08 0.10 0.11 0.15 0.16 0.25 0.00 1.61 2.11 0.05 0.04 14.00 0.53 0.70 0.11 0.15 0.04 0.03 2.96 3.89 1.44 0.23 0.33 0.12 3.96 5.20 0.30 0.05 0.09 0.03 0.04 0.92 0.70 0.39 0.32 0.06 0.07 0.09 0.06 0.27 0.13 0.35 0.26 0.40 0.48 0.52 0.68 0.06 0.03 0.70 0.08 0.10 0.14 1.06 0.58 5.80 7.34 0.05 0.03 0.22 0.16 0.29 0.64 0.00 0.05 0.06 0.12 0.15 0.32 0.43 0.06 0.02 0.01 0.09 0.12 0.02 0.04 0.10 0.01 0.00 0.15 0.11 12.70 9.64 0.12 55.17 72.56 0.27 0.35 0.05 0.07 0.47 0.23 0.37

Last

M I N ER

12-month Change

High Low

0.48 0.37 0.10 0.30 + 5.76 0.14 0.18 + 0.13 + 0.16 0.03 0.03 unch 0.22 5.81 1.28 0.74 0.87 0.02 0.23 1.75 1.34 0.04 0.04 0.14 + 0.09 unch 0.13 + 3.18 0.06 0.07 0.09 + 4.11 + 5.42 + 0.11 + 0.08 0.11 + 0.14 0.07 + 0.04 unch

0.07 0.03 0.01 0.02 0.19 0.00 0.01 0.01 0.01 0.00 0.00 0.02 0.23 0.03 0.03 0.17 0.01 0.08 0.15 0.05 0.01 0.00 0.01 0.00 0.12 0.41 0.00 0.02 0.01 0.13 0.13 0.02 0.00 0.00 0.01 0.02 0.00

0.54 0.41 0.13 0.37 7.61 0.26 0.35 0.22 0.25 0.05 0.07 0.27 6.79 1.92 0.81 1.11 0.03 0.30 2.45 1.84 0.06 0.04 0.18 0.13 0.21 4.35 0.08 0.10 0.12 4.30 5.67 0.42 0.31 0.14 0.18 0.08 0.06

0.06 0.04 0.06 0.15 1.76 0.05 0.08 0.04 0.06 0.00 0.01 0.06 1.40 0.52 0.04 0.17 0.01 0.22 0.57 0.42 0.02 0.01 0.06 0.04 0.01 0.99 0.01 0.01 0.03 1.23 1.66 0.07 0.04 0.02 0.04 0.01 0.03

0.03 0.02 + 5.53 4.19 0.08 0.11 + 0.09 + 0.25 + 0.19 unch 0.02 unch 0.06 0.27 0.20 0.04 unch 0.03 0.87 3.40 2.56 0.09 0.50 0.66 0.03 unch 0.11 0.08 0.03 unch 0.13 unch 0.04 0.06 0.63 + 0.15 0.00 unch 0.06 3.50 4.65 0.37 0.25 unch 0.14 0.11 unch 0.08 + 0.09 unch 0.02 unch 0.01 + 0.02 unch 0.03 0.05 unch 0.02 0.07 + 0.08 0.11 0.14 0.16 unch 0.22 0.00 unch 1.35 1.76 0.05 unch 0.03 10.81 0.46 0.58 0.10 + 0.15 + 0.03 0.03 unch 2.79 3.65 1.18 0.22 0.33 0.11 + 3.85 5.10 0.30 unch 0.05 + 0.09 + 0.03 0.04 unch 0.84 + 0.64 + 0.37 + 0.28 + 0.06 unch 0.06 0.07 0.05 0.27 unch 0.13 unch 0.31 0.23 0.40 + 0.42 0.50 + 0.64 0.06 0.02 unch 0.70 unch 0.07 0.10 unch 0.13 1.05 + 0.52 5.16 6.76 0.05 unch 0.03 0.22 + 0.16 + 0.27 0.60 unch 0.00 0.04 0.06 0.10 0.13 0.29 + 0.40 + 0.05 + 0.02 unch 0.01 unch 0.09 + 0.11 unch 0.02 + 0.03 0.10 unch 0.01 0.00 unch 0.14 0.11 + 11.41 8.65 0.12 + 53.16 + 70.08 + 0.22 0.28 0.05 0.06 0.36 0.23 0.35 +

0.01 0.00 0.08 0.03 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.03 0.03 0.00 0.00 0.09 0.12 0.13 0.01 0.03 0.03 0.00 0.02 0.03 0.00 0.00 0.01 0.01 0.09 0.01 0.00 0.01 0.26 0.35 0.01 0.00 0.07 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.03 0.00 0.07 0.10 0.00 0.01 2.32 0.01 0.05 0.01 0.01 0.01 0.00 0.12 0.18 0.21 0.01 0.02 0.03 0.03 0.05 0.00 0.00 0.02 0.00 0.00 0.04 0.04 0.03 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.09 0.03 0.00 0.03 0.01 0.00 0.00 0.01 0.00 0.01 0.04 0.02 0.09 0.19 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.02 0.01 0.04 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.16 0.06 0.03 3.25 3.95 0.02 0.05 0.00 0.01 0.03 0.01 0.06

0.07 0.05 7.07 5.35 0.14 0.15 0.11 0.44 0.47 0.04 0.10 1.00 0.73 0.12 0.09 1.25 3.56 2.70 0.11 0.62 0.82 0.09 0.15 0.11 0.05 0.15 0.10 0.14 0.63 0.25 0.03 0.09 5.50 5.90 0.38 0.25 0.33 0.25 0.13 0.18 0.05 0.02 0.02 0.05 0.07 0.03 0.08 0.11 0.15 0.23 0.16 0.27 0.00 2.27 3.07 0.12 0.06 37.80 0.78 1.11 0.15 0.21 0.04 0.03 3.48 4.60 1.44 1.18 1.60 0.90 3.97 5.25 0.30 0.27 0.35 0.03 0.08 0.92 0.70 0.45 0.34 0.25 0.09 0.14 0.06 0.44 0.71 0.35 0.26 5.24 0.54 0.70 0.86 0.40 0.03 0.95 0.09 0.60 0.75 1.50 0.71 5.80 7.34 0.08 0.06 0.25 0.17 0.33 1.28 0.00 0.07 0.10 0.17 0.23 0.34 0.46 0.06 0.02 0.01 0.14 0.19 0.04 0.10 0.23 0.03 0.00 0.20 0.15 13.50 10.21 0.19 57.69 76.43 0.32 0.42 0.07 0.08 0.49 0.34 0.54

0.02 0.01 2.00 1.44 0.01 0.04 0.02 0.04 0.04 0.01 0.04 0.15 0.18 0.02 0.01 0.22 0.99 0.70 0.03 0.01 0.16 0.02 0.03 0.01 0.02 0.06 0.01 0.03 0.45 0.03 0.00 0.03 3.30 1.53 0.16 0.13 0.12 0.08 0.05 0.07 0.01 0.00 0.01 0.02 0.03 0.01 0.01 0.01 0.05 0.07 0.11 0.05 0.00 0.33 0.43 0.02 0.02 6.00 0.13 0.17 0.05 0.07 0.01 0.01 1.02 1.45 0.23 0.14 0.21 0.03 1.35 1.80 0.20 0.02 0.04 0.00 0.01 0.11 0.05 0.19 0.12 0.01 0.02 0.03 0.01 0.14 0.06 0.11 0.05 0.24 0.18 0.21 0.31 0.04 0.01 0.38 0.03 0.06 0.10 0.20 0.11 1.12 1.55 0.03 0.02 0.15 0.03 0.09 0.04 0.00 0.02 0.02 0.06 0.10 0.02 0.03 0.01 0.01 0.00 0.02 0.01 0.00 0.01 0.06 0.01 0.00 0.07 0.01 4.00 2.72 0.05 18.03 25.67 0.10 0.14 0.01 0.02 0.12 0.05 0.05

I-J-K 0.03 0.00 5.49 4.14 0.08 0.11 0.08 0.24 0.16 0.02 0.06 0.25 0.19 0.03 0.03 0.84 3.31 2.51 0.08 0.49 0.66 0.02 0.10 0.00 0.03 0.13 0.04 0.06 0.50 0.15 0.00 0.06 3.50 4.65 0.37 0.25 0.00 0.00 0.06 0.09 0.02 0.01 0.02 0.03 0.05 0.02 0.06 0.08 0.09 0.12 0.16 0.20 0.00 1.31 1.73 0.04 0.03 10.62 0.45 0.56 0.10 0.14 0.03 0.03 2.74 3.63 1.12 0.22 0.29 0.06 3.65 4.99 0.30 0.05 0.07 0.03 0.04 0.82 0.62 0.36 0.27 0.06 0.06 0.07 0.00 0.27 0.10 0.30 0.22 0.34 0.42 0.48 0.62 0.00 0.02 0.70 0.06 0.10 0.13 0.55 0.52 4.89 6.43 0.04 0.03 0.00 0.15 0.00 0.00 0.00 0.04 0.06 0.10 0.13 0.26 0.34 0.04 0.01 0.01 0.09 0.11 0.00 0.03 0.09 0.01 0.00 0.00 0.11 11.27 8.51 0.09 51.40 67.89 0.21 0.28 0.04 0.06 0.35 0.22 0.27

21

/ AU G U ST 3 1 – SEP TEM BER 1 3 , 2 0 2 0

(100s) Stock

Exc Volume

Week High

Low 0.12 0.34 0.45 1.55 1.17 0.15 0.00 0.00

Komet Resource Kootenay Silvr* Kootenay Silvr Kore Mining Kore Mining * Kutcho Copper * KWG Res* KWG Res

V O V V O O O C

539 2473 3614 687 377 65 95 83

0.15 0.45 0.53 1.77 1.34 0.18 0.00 0.01

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

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

40 45 644 332 4 578 186 109 1855 582 1337 1175 84 572 32 20 128 24 415 1227 1428 11585 1784 31 449 1427 1028 2289 63 0 312 700 613 1342 1 3112 13705 289 105 594 5 127 1115 0 64 17 1 200 524 204 31 358 31 256 179 38 30 678 44 115 44 26 594 1083 217 1580 262 9043 25 571 1535 607 495

0.06 0.39 0.54 0.01 21.78 28.95 0.03 0.74 0.28 0.00 1.19 0.88 0.16 0.03 0.02 0.09 0.12 0.16 0.21 0.25 0.34 0.54 0.23 0.09 0.14 0.18 1.74 0.20 0.26 0.00 0.28 2.25 1.69 0.04 0.14 12.00 9.15 0.43 0.33 0.17 0.06 0.07 0.07 0.00 0.15 0.12 0.07 0.13 0.05 0.04 0.50 0.66 1.00 0.38 0.27 0.17 0.13 0.58 0.20 0.19 0.38 0.29 0.84 1.10 1.00 12.49 6.49 8.25 0.04 0.05 0.05 1.86 1.93

Macarthur Min Macarthur Min* MacDonald Mns* MacDonald Mns MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold Major Precious Makara Mining* Makara Mining Makena Res* Mako Mining Mako Mining* Mammoth Res Mandalay Res Mandalay Res* Manganese X* Manganese X Mangazeya Mng Mangazeya Mng* Manitou Gold * Manitou Gold Maple Gold Maple Gold* Marathon Gold* Marathon Gold Margaret Lake Margaux Res Margaux Res* Marifil Mines* Marifil Mines Marimaca Cop Marimaca Cop* Mariner Res Maritime Res Martina Mnls MartinMarietta* Mas Gold Mascota Res* Mason Graphite* Mason Graphite Matachewan Con Matica Ent Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent* MaxTech Vent Maxwell Res* Maya Gold &Sil* Mazarin McChip Res McEwen Mng McEwen Mng* McLaren Res MDN Inc* Mechel* Medallion Res Medallion Res* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium Mega Uranium* Megastar Dev Megastar Dev* MegumaGold MegumaGold* Melior Res Melior Res* Melkior Res Melkior Res* Meridian Mg Meridian Mg * Meridius Res Meryllion Res Meryllion Res* MetalCorp MetalCorp* Metalex Vent Metalex Vent * Metalla Rylty Metallic Mnrls Metallic Mnrls* Metallica Min*

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

2128 693 877 4125 1023 34 245 183 150 5 24 877 622 494 2869 245 1629 854 163 205 71 2 771 66 42 63 2070 1983 794 479 3711 1058 1920 434 90 319 157 0 6 2371 0 2223 178 1 176 309 23 508 400 1096 578 1447 658 53 497 0 31 39 1 2124 18806 1111 5 222 462 523 174 1143 17131 4 4900 3146 299 4 297 77 29 0 201 49 208 2 44 175 5 256 0 100 250 414 1942 1259 21

0.52 0.40 0.09 0.12 22.49 1.63 1.64 1.29 0.48 0.06 0.06 0.08 0.60 1.08 1.41 0.63 0.49 0.37 0.06 1.96 1.50 0.08 0.12 0.11 0.08 0.06 0.08 0.21 0.15 2.00 2.62 0.05 0.14 0.11 0.08 0.10 3.28 2.40 0.60 0.19 0.00 221.13 0.10 1.75 0.14 0.18 0.14 0.04 6.04 4.59 0.44 0.55 0.25 0.09 0.10 0.00 1.83 0.13 0.00 1.85 1.40 0.18 0.50 1.79 0.28 0.22 0.06 0.08 0.00 0.24 0.13 0.10 0.19 0.14 0.19 0.15 0.05 0.00 1.19 0.89 0.31 0.22 0.32 0.02 0.00 0.04 0.00 0.07 0.03 12.99 1.30 0.94 0.02

12-month

Last

Change

0.15 + 0.35 + 0.45 1.58 1.19 0.16 0.00 0.01 unch

High Low

0.03 0.00 0.01 0.06 0.08 0.01 0.00 0.00

0.17 0.46 0.54 1.96 1.48 0.21 0.01 0.01

0.05 0.08 0.12 0.15 0.09 0.03 0.00 0.01

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

0.00 0.01 0.02 0.00 0.27 0.14 0.00 0.01 0.02 0.00 0.11 0.08 0.02 0.00 0.01 0.00 0.00 0.01 0.01 0.02 0.05 0.07 0.03 0.02 0.00 0.02 0.05 0.01 0.00 0.00 0.08 0.00 0.00 0.01 0.00 0.40 0.22 0.07 0.08 0.01 0.01 0.02 0.01 0.00 0.04 0.00 0.02 0.00 0.00 0.00 0.03 0.03 0.44 0.00 0.00 0.05 0.01 0.03 0.01 0.01 0.02 0.02 0.03 0.03 0.03 0.36 0.16 0.11 0.01 0.01 0.01 0.08 0.14

0.12 0.50 0.63 0.20 21.78 28.95 0.32 1.02 0.37 0.01 1.75 1.33 0.22 0.04 0.03 0.11 0.15 0.16 0.22 0.25 0.34 0.58 0.70 0.15 0.18 0.23 1.82 0.20 0.30 0.20 0.28 2.66 2.00 0.06 0.18 12.00 9.15 0.43 0.33 0.27 0.14 0.24 0.10 0.08 0.15 0.28 18.09 1.15 0.06 0.04 0.64 0.88 1.28 0.45 0.32 0.27 0.20 1.20 0.30 0.38 2.00 1.38 0.91 1.19 1.08 13.49 6.49 8.59 0.04 0.05 0.12 1.87 1.94

0.01 0.09 0.10 0.00 9.71 13.25 0.02 0.44 0.10 0.00 0.56 0.40 0.08 0.01 0.00 0.04 0.05 0.09 0.09 0.03 0.01 0.08 0.14 0.01 0.02 0.03 0.38 0.15 0.19 0.08 0.05 0.62 0.46 0.01 0.14 2.90 1.92 0.10 0.07 0.05 0.01 0.03 0.03 0.03 0.04 0.03 0.00 0.06 0.02 0.01 0.22 0.29 0.11 0.20 0.14 0.12 0.09 0.40 0.05 0.08 0.13 0.10 0.29 0.46 0.41 5.82 2.82 4.08 0.00 0.01 0.00 0.58 0.55

0.42 0.47 + 0.33 0.36 + 0.07 0.08 0.10 0.10 20.30 20.49 1.34 1.63 + 1.29 1.29 0.97 0.98 0.33 0.33 + 0.06 0.06 unch 0.05 0.06 + 0.07 0.07 + 0.45 0.56 + 0.93 1.08 + 1.23 1.41 + 0.57 0.60 + 0.44 0.44 0.33 0.34 0.05 0.05 1.56 1.68 1.20 1.28 0.08 0.08 unch 0.10 0.12 + 0.00 0.09 + 0.00 0.06 + 0.06 0.06 0.07 0.07 0.17 0.18 0.13 0.14 1.76 1.78 + 2.33 2.37 + 0.04 0.04 unch 0.11 0.13 + 0.08 0.10 + 0.06 0.06 + 0.00 0.08 2.88 3.06 + 0.00 2.40 + 0.60 0.60 unch 0.17 0.18 + 0.00 0.05 unch 207.95 209.66 0.08 0.08 1.75 1.75 unch 0.12 0.13 + 0.17 0.18 + 0.14 0.14 unch 0.03 0.03 unch 5.64 5.70 4.26 4.35 0.33 0.39 + 0.44 0.51 + 0.21 0.21 0.06 0.07 + 0.09 0.10 + 0.00 0.07 unch 0.00 1.78 + 0.13 0.13 unch 0.00 0.42 unch 1.59 1.60 1.20 1.21 0.06 0.11 + 0.45 0.45 1.63 1.65 0.24 0.24 0.18 0.20 + 0.05 0.05 + 0.07 0.07 unch 0.00 0.00 + 0.00 0.24 unch 0.11 0.13 + 0.07 0.10 + 0.17 0.17 0.14 0.14 unch 0.16 0.19 + 0.11 0.14 0.05 0.05 0.00 0.03 unch 0.98 1.10 + 0.73 0.85 + 0.30 0.30 unch 0.22 0.22 0.29 0.32 + 0.00 0.02 unch 0.00 0.00 + 0.00 0.03 0.00 0.02 unch 0.00 0.06 unch 0.03 0.03 unch 11.45 11.61 0.79 0.89 + 0.60 0.69 + 0.02 0.02 +

0.03 0.02 0.01 0.02 0.54 0.12 0.36 0.27 0.04 0.00 0.01 0.01 0.07 0.18 0.23 0.01 0.03 0.01 0.01 0.22 0.16 0.00 0.02 0.01 0.00 0.00 0.01 0.01 0.01 0.09 0.11 0.00 0.02 0.01 0.00 0.01 0.01 0.10 0.00 0.01 0.00 9.67 0.02 0.00 0.00 0.01 0.00 0.00 0.08 0.01 0.05 0.06 0.05 0.01 0.01 0.00 0.11 0.00 0.00 0.10 0.08 0.06 0.05 0.10 0.01 0.01 0.01 0.00 0.00 0.00 0.03 0.02 0.02 0.00 0.01 0.00 0.01 0.00 0.06 0.07 0.00 0.01 0.04 0.00 0.00 0.01 0.00 0.00 0.00 0.99 0.12 0.10 0.00

0.52 0.40 0.16 0.21 24.21 2.50 1.89 1.46 0.48 0.13 0.06 0.08 0.82 1.10 1.41 0.74 0.54 0.50 0.06 2.12 1.65 0.10 0.15 0.13 0.09 0.06 0.08 0.22 0.17 2.00 2.62 0.09 0.15 0.12 0.11 0.14 3.70 2.60 0.60 0.23 0.06 281.82 0.14 46.00 0.28 0.36 0.18 0.06 7.33 5.72 0.44 0.57 0.57 0.09 0.13 1.20 2.13 0.18 0.65 2.84 2.14 0.18 0.50 3.43 0.29 0.23 0.08 0.12 0.00 0.29 0.13 0.10 0.20 0.14 0.21 0.16 0.22 0.03 1.25 0.89 0.39 0.26 0.32 0.02 0.01 0.04 0.03 0.08 0.04 13.47 1.30 0.94 0.02

0.07 0.04 0.04 0.05 5.33 0.20 0.24 0.02 0.04 0.03 0.02 0.04 0.35 0.63 0.50 0.22 0.12 0.10 0.02 0.46 0.38 0.04 0.06 0.03 0.02 0.02 0.02 0.04 0.03 0.52 0.71 0.02 0.05 0.03 0.02 0.03 1.00 0.03 0.13 0.05 0.05 135.08 0.03 0.51 0.08 0.12 0.10 0.02 3.10 2.51 0.09 0.13 0.06 0.02 0.03 0.05 0.65 0.04 0.39 0.76 0.53 0.01 0.14 1.28 0.05 0.03 0.02 0.03 0.00 0.02 0.05 0.03 0.05 0.05 0.06 0.03 0.01 0.01 0.06 0.01 0.04 0.03 0.08 0.01 0.00 0.01 0.00 0.02 0.01 4.06 0.10 0.07 0.01

L 0.06 0.34 0.44 0.00 21.13 27.70 0.02 0.70 0.23 0.00 1.04 0.80 0.14 0.02 0.01 0.09 0.12 0.15 0.20 0.15 0.20 0.44 0.20 0.07 0.12 0.15 1.43 0.15 0.26 0.00 0.20 2.00 1.52 0.03 0.14 9.71 7.33 0.30 0.21 0.15 0.05 0.06 0.07 0.00 0.09 0.10 0.00 0.09 0.04 0.03 0.43 0.57 0.65 0.28 0.27 0.16 0.11 0.53 0.12 0.17 0.36 0.28 0.73 0.96 0.90 11.27 5.61 7.74 0.00 0.04 0.02 1.74 1.72

0.06 0.35 0.46 0.01 21.17 27.79 0.03 0.73 0.26 0.00 1.04 0.80 0.14 0.02 0.02 0.09 0.12 0.15 0.21 0.18 0.25 0.46 0.21 0.09 0.12 0.16 1.52 0.15 0.26 0.19 0.25 2.05 1.56 0.03 0.14 10.04 7.68 0.35 0.30 0.16 0.06 0.06 0.07 0.04 0.11 0.10 0.07 0.13 0.04 0.03 0.45 0.59 0.66 0.35 0.27 0.16 0.12 0.53 0.13 0.17 0.36 0.28 0.76 1.01 0.94 11.33 5.94 7.81 0.04 0.05 0.03 1.76 1.73

M

22

AU G U ST 3 1 – SEP TEM BER 1 3 , 2 0 2 0

/ TH E N OR TH ER N

W

M I N ER

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

Exc Volume

Week Low

0.48 0.49 0.15 0.15 + 2.36 2.36 0.07 0.07 0.09 0.09 0.06 0.07 + 0.00 0.22 unch 0.09 0.09 0.00 0.00 0.07 0.07 0.09 0.10 0.31 0.32 1.80 1.92 + 1.37 1.47 + 0.95 0.96 0.14 0.16 + 0.22 0.23 0.16 0.17 1.31 1.33 0.92 1.03 0.17 0.17 0.22 0.23 0.05 0.05 unch 0.57 0.74 + 0.44 0.56 + 0.52 0.54 0.40 0.42 0.54 0.55 + 0.71 0.72 + 0.15 0.16 0.19 0.20 0.28 0.30 + 0.21 0.22 + 0.00 0.00 unch 0.06 0.06 unch 0.05 0.05 + 0.05 0.06 + 0.00 0.00 unch 0.43 0.43 0.41 0.42 unch 0.25 0.26 0.00 0.09 0.09 0.09 + 0.12 0.12 0.12 0.16 + 0.09 0.13 + 0.35 0.35 0.46 0.47 0.12 0.12 0.16 0.16 0.00 0.13 0.00 0.19 unch 0.02 0.02 unch 0.07 0.08 0.08 0.08 0.08 0.13 + 0.10 0.10 0.08 0.08 + 0.13 0.13 0.14 0.16 17.40 17.49 0.54 0.57 + 0.41 0.45 + 0.27 0.29 + 0.35 0.38 + 0.00 0.13 + 0.15 0.15 0.09 0.09 unch 0.40 0.40 -

Metallis Res Metalo Manuf Metalore Res Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* Mexus Gold* MGX Minerals* MGX Minerals Mich Resources Midas Gold Midas Gold* Midland Expl Midnight Star Midnight Sun Midnight Sun* Millennial Lit Millennial Lit* Millrock Res* Millrock Res Milner Con Slv Minaurum Gold Minaurum Gold* Minco Silver Minco Silver* Minera Alamos * Minera Alamos Minera IRL* Minera IRL Mineral Mtn Mineral Mtn* MineralRite* Mineworx Tech Mineworx Tech* Minfocus Expl Mining Global* Minnova Corp Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Monarca Mnrls Monarca Mnrls* Monarch Gold* Monarch Gold Moneta Porcpn* Moneta Porcpn Monitor Vent* Monitor Vent Montego Res Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Morien Res* Morien Res Mosaic* Mountain Boy Mountain Boy* Mountain Prov* Mountain Prov Mundoro Cap* Mundoro Cap Murchison Min Musgrave Min*

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

168 23 3 30 616 367 212 635 43082 616 417 232 5946 5933 145 388 170 46 83 111 1054 565 200 1773 1245 232 136 2104 4291 146 476 1064 281 6858 1253 916 475 5130 506 381 740 30 7 169 2119 1081 1764 3048 610 3619 1 11 16 610 25 717 454 62 4 261 16455 889 202 376 1062 266 250 40 55

0.57 0.15 2.70 0.08 0.10 0.07 0.22 0.10 0.01 0.09 0.11 0.36 2.01 1.55 1.05 0.16 0.25 0.19 1.49 1.10 0.20 0.26 0.05 0.85 0.67 0.60 0.47 0.60 0.78 0.16 0.22 0.32 0.25 0.00 0.07 0.05 0.06 0.00 0.50 0.45 0.30 0.10 0.09 0.13 0.19 0.13 0.41 0.55 0.15 0.19 0.18 0.19 0.02 0.09 0.09 0.15 0.12 0.09 0.14 0.18 18.45 0.69 0.52 0.33 0.43 0.13 0.16 0.09 0.46

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

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

19352 55 208 645 34 10 311 537 1 81 941 25 77 192 50 7192 15 46 1003 591 508 327 293 109 1725 243 177 1003 338 2822 19 12 10 62 4714 36259 9317 15 624 1410 5541 27 511 556 83 675 198 60 3454 3 389 17 3054 15 580 29819 591 2 852 2913 3 340 215 4513 3203 2244 1155 17027 3 704 1582 1001 115 1648 55 113 434 172 54 421 330 996 141 234 588 385 730 88 200 33 370 9005 1209 405 272 69 302 242 121 32 51

0.02 23.18 0.33 0.25 0.07 0.05 12.85 0.01 2.77 0.38 0.76 0.32 0.26 0.32 0.14 0.14 0.07 0.10 0.16 0.22 0.16 0.21 0.07 0.13 0.09 0.07 0.07 0.10 0.05 0.10 0.07 0.01 0.09 0.05 1.75 1.72 2.27 0.00 0.33 0.06 0.08 2.78 4.80 6.27 0.66 0.78 0.06 0.04 0.14 1.55 0.92 0.67 0.19 0.06 92.00 69.81 0.42 0.00 0.18 0.24 10.37 8.56 0.06 2.44 1.86 0.05 0.10 0.14 0.38 0.49 0.14 0.11 0.03 0.17 0.13 1.37 1.81 0.66 0.16 0.93 0.73 0.08 0.05 0.01 0.10 0.07 0.21 0.17 0.01 0.14 0.19 0.13 0.08 0.24 2.60 1.98 0.02 0.10 0.07 0.04 0.05

Last

12-month

High

Change

Stock

0.05 0.05 0.14 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.02 0.04 0.07 0.08 0.09 0.01 0.03 0.02 0.09 0.03 0.02 0.03 0.00 0.18 0.14 0.05 0.03 0.02 0.01 0.00 0.01 0.02 0.02 0.00 0.00 0.00 0.01 0.00 0.02 0.00 0.03 0.01 0.00 0.03 0.05 0.04 0.02 0.02 0.01 0.01 0.06 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.02 0.34 0.01 0.01 0.01 0.03 0.01 0.01 0.00 0.06

0.84 0.35 3.65 0.08 0.10 0.15 0.42 0.15 0.03 0.19 0.25 0.50 2.04 1.55 1.13 0.35 0.28 0.21 1.66 1.24 0.23 0.32 0.06 0.85 0.67 0.99 0.73 0.60 0.78 0.18 0.24 0.53 0.43 0.00 0.24 0.18 0.06 0.00 0.60 0.62 0.35 0.16 0.16 0.20 0.19 0.13 0.45 0.59 0.16 0.22 0.33 0.45 0.06 0.12 0.17 0.20 0.12 0.09 0.50 0.65 23.18 0.69 0.52 0.86 1.44 0.14 0.21 0.18 0.60

0.11 0.07 1.00 0.02 0.03 0.03 0.15 0.01 0.00 0.02 0.04 0.08 0.24 0.16 0.46 0.10 0.03 0.04 0.61 0.38 0.06 0.08 0.02 0.22 0.16 0.20 0.14 0.11 0.15 0.07 0.05 0.16 0.12 0.00 0.06 0.05 0.02 0.00 0.05 0.29 0.02 0.05 0.06 0.08 0.02 0.01 0.07 0.11 0.04 0.06 0.08 0.12 0.01 0.02 0.02 0.01 0.04 0.02 0.06 0.08 6.50 0.14 0.09 0.17 0.25 0.06 0.09 0.04 0.32

0.00 2.05 0.05 0.04 0.01 0.00 0.24 0.00 0.65 0.02 0.03 0.02 0.02 0.08 0.00 0.00 0.01 0.01 0.00 0.03 0.00 0.02 0.01 0.01 0.01 0.00 0.01 0.02 0.00 0.00 0.01 0.00 0.00 0.00 0.09 0.03 0.06 0.00 0.03 0.02 0.02 0.10 0.30 0.39 0.02 0.09 0.02 0.00 0.04 0.21 0.10 0.11 0.02 0.00 1.85 1.72 0.01 0.00 0.02 0.02 0.62 0.50 0.04 0.08 0.07 0.00 0.01 0.01 0.06 0.06 0.02 0.01 0.01 0.00 0.01 0.01 0.01 0.08 0.02 0.04 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.08 0.00 0.01 0.09 0.10 0.00 0.01 0.01 0.00 0.00

0.03 66.40 0.37 0.29 0.26 0.20 27.86 0.03 3.44 0.38 0.92 0.40 0.37 0.48 0.40 0.38 0.11 0.16 0.30 0.39 0.19 0.23 0.08 0.15 0.15 0.11 0.11 0.15 0.14 0.10 0.07 0.01 0.20 0.22 1.78 1.76 2.33 0.13 0.39 0.06 0.09 2.95 5.60 7.17 0.80 0.95 0.25

0.00 21.01 0.08 0.06 0.04 0.04 8.50 0.00 0.92 0.10 0.38 0.08 0.06 0.08 0.03 0.13 0.02 0.04 0.08 0.12 0.01 0.01 0.03 0.07 0.03 0.02 0.02 0.03 0.02 0.02 0.02 0.01 0.00 0.02 1.24 0.39 0.55 0.00 0.12 0.03 0.04 0.44 1.68 2.34 0.05 0.24 0.03

North Bay Res * North Peak Res* North Peak Res Northcliff Res Northern Light Northern Uran Northisle C&G Northisle C&G * Northstar Gold Northstar Gold* Norvista Cap NorZinc* NorZinc Nouveau Monde* Nouveau Monde NovaGold Res NovaGold Res* Novo Res* Novo Res NovX21* NQ Minerals Pl* NRG Metals* NRG Metals Nrthn Graphite Nrthn Graphite* Nrthn Lion Nrthn Lion* Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* Nrthn Vertex Nrthn Vertex* NSGold NSS Res Inc Nthn Dynasty Nthn Dynasty* Nthrn Sphere* Nubian Res Nuinsco Res Nuinsco Res* NuLegacy Gold NuLegacy Gold* Nutrien* Nutrien NV Gold NV Gold* NxGold Ltd* NxGold Ltd O.T. Mining* O3 Mining* O3 Mining Oakley Vent OceanaGold* OceanaGold Oceanic Iron O Oceanus Res* Oceanus Res Odyssey Res Olivut Res Olivut Res* Omineca Mining Omineca Mining* One World Lith One World Lith* Opawica Expl* Opawica Expl Optimum Vent Opus One Res Orca Gold Orca Gold* Orea Mining Orea Mining* Orefinders Res Orestone Mng Orex Mnrls* Orex Mnrls Orezone Gold* Orezone Gold Orford Mining OrganiMax* OrganiMax Origen Res Origin Gold Original Sixtn* Orla Mng Ltd* Orla Mng Ltd Oroco Res Oroco Res* Orocobre Oronova Energy* Orosur Mng Orsu Metals Orsu Metals* Orvana Mnrls Orvana Mnrls* Osino Res Osisko Gold* Osisko Gold Osisko Metals* Osisko Metals Osisko Mng Inc Osprey Gold Otso Gold Otso Gold* Outcrop Gold Outcrop Gold* OZ Minerals*

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

0.14 1.34 0.92 0.67 0.19 0.09 96.45 72.22 0.45 0.01 0.31 0.43 14.33 10.98 0.16 2.52 1.89 0.08 0.10 0.14 0.38 0.51 0.15 0.11 0.04 0.21 0.14 2.20 3.65 0.72 0.28 1.02 0.78 0.09 0.06 0.03 0.14 0.10 0.27 0.17 0.01 0.20 0.28 0.13 0.08 0.24 2.79 2.21 0.05 0.35 0.29 0.06 0.08

0.02 0.22 0.14 0.09 0.03 0.03 44.00 33.00 0.25 0.00 0.05 0.07 3.94 2.57 0.06 0.76 0.50 0.02 0.01 0.03 0.16 0.24 0.02 0.02 0.01 0.04 0.04 0.26 0.97 0.20 0.10 0.50 0.36 0.01 0.01 0.01 0.03 0.02 0.05 0.04 0.00 0.08 0.12 0.02 0.02 0.04 0.25 0.20 0.01 0.06 0.02 0.02 0.03

Pac Bay Mnrls Pac Booker Min* Pac Booker Min Pac Cascade Pac Imperial Pac Ridge Expl Pac Ridge Expl* Pac Wildcat* Pacific Empire Pacific Rim Pacific Rim* Pacific Silk* Pacific Silk Pacton Gold Paladin Energy* Palamina Corp* Palamina Corp Palayan Res* Paleo Resource Paleo Resource* Palladium One Palladium One* Pan Am Silver* Pan Am Silver Pan Global Res* Pan Global Res Pancontinental Pancontinental* Panex Res* Pangolin Dia Panoro Mnrls Panoro Mnrls* Pantheon Vent Para Resources Parallel Mng Parallel Mng * Paramount Gold* Paringa Res* Parlane Res Pasinex Res Pasofino Gold Pasofino Gold* Patriot Gold Patriot Gold* Peabody Enrgy* Pedro Res Pelangio Expl* Pelangio Expl Peloton Mnrls* Peloton Mnrls PepinNini Lith* Perseus Mng Pershimex Res Pershing Res* Peruvian Metal* Peruvian Metal Petra Diamonds* Philex Mng* Phoenix Global* Phoenix Gold Pine Cliff En* Pine Cliff En

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

N-O 0.01 21.11 0.23 0.17 0.07 0.05 10.67 0.00 0.00 0.26 0.66 0.12 0.19 0.24 0.10 0.13 0.06 0.00 0.14 0.19 0.14 0.18 0.06 0.10 0.07 0.06 0.06 0.08 0.05 0.07 0.00 0.01 0.02 0.04 1.45 1.49 1.97 0.00 0.26 0.04 0.06 2.30 4.30 5.72 0.06 0.62 0.00 0.02 0.08 0.00 0.77 0.67 0.16 0.06 86.11 65.22 0.36 0.00 0.13 0.17 9.15 6.88 0.05 2.17 1.65 0.04 0.07 0.10 0.31 0.42 0.10 0.07 0.02 0.16 0.12 1.26 1.66 0.58 0.14 0.86 0.65 0.07 0.04 0.01 0.08 0.06 0.19 0.14 0.00 0.13 0.18 0.05 0.06 0.18 2.22 1.70 0.02 0.08 0.06 0.00 0.05

0.01 21.26 0.24 0.17 0.07 0.05 11.00 0.00 2.20 0.29 0.70 0.14 0.20 0.25 0.11 0.13 0.07 0.08 0.15 0.19 0.15 0.19 0.07 0.10 0.08 0.07 0.06 0.08 0.05 0.08 0.07 0.01 0.02 0.04 1.63 1.52 1.99 0.00 0.28 0.06 0.08 2.41 4.36 5.80 0.55 0.62 0.06 0.02 0.12 1.55 0.80 0.67 0.17 0.06 86.53 65.57 0.39 0.00 0.14 0.18 10.07 7.47 0.06 2.24 1.70 0.04 0.08 0.10 0.31 0.42 0.11 0.08 0.03 0.17 0.12 1.27 1.69 0.59 0.16 0.88 0.67 0.07 0.05 0.01 0.09 0.06 0.20 0.16 0.01 0.13 0.18 0.13 0.06 0.19 2.44 1.80 0.02 0.09 0.07 0.04 0.05

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

(100s)

High Low

Exc Volume

(100s) Stock

Week High

Low

19409 29 59 513 2958 131 348 102 158 130 466 416 986 52 637 1720 8012 1051 1573 2 153 7 6 441 737 3 2 57 1123 402 37 945 545 24 180 10413 44260 10 231 3308 189 11660 3633 8895 3919 264 289 40 215 22 168 484 124 2 7434 302 413 1866 275 222 41 409 495 334 25 0 343 30 134 1366 292 2185 1802 718 342 1065 1163 158 1262 265 5 26 263 207 13 141 2037 811 648 107 2 142 80 0 366 45 820 3589 2629 49 200 6858 969 1768 116 2070 1165 6

0.00 0.49 0.64 0.04 0.11 0.01 0.12 0.09 0.41 0.31 0.19 0.08 0.10 0.17 0.22 12.69 9.64 2.80 3.65 0.00 0.13 0.35 0.40 0.35 0.28 0.42 0.26 0.06 0.16 0.60 0.42 0.59 0.48 0.25 0.05 2.30 1.76 0.00 0.67 0.01 0.01 0.21 0.16 39.98 52.64 0.41 0.33 0.52 0.67 0.08 2.15 2.70 0.24 2.53 3.65 0.20 0.45 0.59 0.04 0.06 0.04 0.62 0.55 0.08 0.07 0.00 0.20 0.33 0.11 0.70 0.54 0.21 0.16 0.13 0.12 0.19 0.24 0.89 1.15 0.20 0.09 0.13 0.20 0.32 0.22 5.36 7.10 0.69 0.55 2.85 0.05 0.07 0.42 0.00 0.30 0.22 1.64 12.02 15.83 0.33 0.44 4.20 0.09 0.06 0.05 0.68 0.54 10.57

0.00 0.41 0.56 0.03 0.08 0.01 0.00 0.07 0.36 0.28 0.16 0.06 0.09 0.15 0.20 11.65 8.82 2.50 3.42 0.00 0.09 0.27 0.00 0.18 0.14 0.00 0.26 0.04 0.14 0.50 0.40 0.49 0.37 0.19 0.04 1.91 1.45 0.00 0.61 0.01 0.01 0.16 0.11 37.26 49.18 0.34 0.26 0.40 0.51 0.04 1.77 2.31 0.23 0.00 3.23 0.18 0.35 0.45 0.04 0.05 0.04 0.51 0.39 0.07 0.00 0.00 0.00 0.33 0.00 0.59 0.44 0.16 0.12 0.12 0.11 0.16 0.22 0.77 1.00 0.00 0.00 0.08 0.19 0.25 0.22 4.60 6.01 0.67 0.51 2.57 0.05 0.07 0.35 0.00 0.25 0.19 1.44 11.21 14.84 0.00 0.41 3.76 0.08 0.05 0.04 0.54 0.41 9.85

50 27 33 230 253 525 109 0 352 457 24 5 126 202 7261 64 28 206 430 107 811 570 13337 2409 21 1276 882 260 793 144 407 294 56 94 170 120 986 43 335 367 3507 1951 25 1102 10187 838 38 224 159 476 1609 388 161 440 307 813 4 37 10 659 313 5728

0.11 1.55 2.09 0.14 0.06 0.09 0.07 0.00 0.21 0.14 0.10 0.01 0.02 1.37 0.13 0.24 0.31 1.65 0.02 0.02 0.13 0.12 36.25 47.68 0.31 0.45 0.13 0.09 0.00 0.04 0.15 0.12 0.08 0.72 0.18 0.13 1.33 0.03 0.08 0.02 0.41 0.30 0.11 0.09 2.81 0.17 0.19 0.27 0.08 0.12 0.00 1.49 0.09 0.01 0.06 0.08 0.01 0.05 0.53 0.25 0.18 0.24

Last

12-month Change

High Low

0.00 unch 0.42 0.56 0.03 0.09 0.01 unch 0.12 + 0.09 + 0.38 + 0.29 + 0.19 + 0.07 0.10 unch 0.16 + 0.21 12.11 + 9.17 + 2.64 + 3.47 0.00 unch 0.09 0.29 0.38 0.24 0.19 0.40 + 0.26 unch 0.04 0.16 0.53 0.40 0.51 0.39 0.25 unch 0.05 1.91 1.45 0.00 + 0.64 0.01 unch 0.01 + 0.19 + 0.14 + 37.35 49.23 0.35 0.28 0.42 0.52 0.04 1.85 + 2.41 0.24 + 2.46 unch 3.24 0.20 + 0.35 0.47 0.04 unch 0.06 + 0.04 + 0.51 0.40 0.08 + 0.06 0.03 unch 0.18 + 0.33 unch 0.11 unch 0.65 + 0.50 + 0.16 0.13 0.12 0.11 0.17 0.22 0.79 1.05 0.18 0.09 + 0.08 unch 0.20 unch 0.28 0.22 unch 4.63 6.08 0.69 + 0.53 + 2.66 0.05 unch 0.07 0.36 unch 0.30 unch 0.27 0.21 1.45 11.53 + 15.20 + 0.32 0.41 3.87 + 0.09 + 0.05 0.04 + 0.55 0.42 10.19 +

0.00 0.01 0.06 0.01 0.02 0.00 0.01 0.01 0.02 0.00 0.03 0.00 0.00 0.01 0.01 0.71 0.58 0.02 0.03 0.00 0.00 0.01 0.02 0.06 0.03 0.05 0.00 0.01 0.01 0.05 0.01 0.06 0.05 0.00 0.01 0.07 0.06 0.00 0.05 0.00 0.00 0.04 0.03 1.07 1.70 0.03 0.01 0.04 0.09 0.01 0.02 0.01 0.01 0.00 0.11 0.01 0.08 0.11 0.00 0.01 0.01 0.06 0.03 0.01 0.00 0.00 0.02 0.00 0.00 0.05 0.05 0.04 0.02 0.01 0.01 0.01 0.03 0.02 0.04 0.01 0.03 0.00 0.00 0.02 0.00 0.62 0.86 0.01 0.02 0.19 0.00 0.01 0.00 0.00 0.01 0.00 0.13 0.59 0.70 0.02 0.02 0.14 0.01 0.01 0.00 0.13 0.09 0.34

0.00 3.00 1.38 0.08 0.11 0.01 0.15 0.11 0.55 0.38 0.19 0.09 0.12 0.21 0.27 18.00 12.85 3.30 4.16 0.00 0.13 0.37 0.96 0.35 0.28 0.45 0.34 0.25 0.17 0.63 0.48 0.60 0.48 0.25 0.18 3.28 2.49 0.20 0.69 0.02 0.03 0.21 0.16 52.41 69.52 0.48 0.38 0.53 0.74 0.10 2.29 2.98 0.25 2.86 4.01 0.20 0.52 0.70 0.05 0.10 0.09 0.75 0.55 0.16 0.12 0.05 0.20 0.33 0.12 0.70 0.54 0.25 0.18 0.18 0.28 0.22 0.29 1.01 1.27 0.24 0.14 0.21 0.27 0.37 0.25 5.36 7.51 0.73 0.55 3.52 0.06 0.11 0.45 0.33 0.37 0.27 1.64 13.17 17.47 0.44 0.60 4.85 0.12 0.11 0.08 0.88 0.66 10.57

0.00 0.16 0.30 0.02 0.02 0.01 0.01 0.01 0.19 0.22 0.04 0.01 0.02 0.09 0.13 6.40 4.65 1.00 1.41 0.00 0.05 0.04 0.24 0.06 0.04 0.10 0.08 0.02 0.05 0.07 0.05 0.15 0.11 0.06 0.03 0.50 0.35 0.00 0.07 0.01 0.00 0.03 0.02 23.85 34.80 0.07 0.05 0.02 0.10 0.02 0.64 1.06 0.12 0.81 1.16 0.04 0.03 0.04 0.02 0.03 0.02 0.05 0.03 0.03 0.02 0.03 0.05 0.15 0.02 0.20 0.15 0.09 0.06 0.04 0.03 0.03 0.04 0.14 0.22 0.02 0.03 0.04 0.13 0.05 0.02 1.10 1.42 0.20 0.05 1.60 0.05 0.03 0.10 0.09 0.11 0.09 0.43 4.65 6.35 0.17 0.24 1.67 0.02 0.02 0.02 0.08 0.06 3.48

0.11 0.11 + 1.40 1.40 1.80 1.80 0.00 0.14 + 0.00 0.05 + 0.07 0.08 + 0.05 0.06 + 0.00 0.00 unch 0.15 0.15 0.12 0.12 0.09 0.09 + 0.01 0.01 unch 0.00 0.02 + 1.25 1.25 0.10 0.12 + 0.19 0.21 + 0.26 0.26 + 1.13 1.57 + 0.02 0.02 unch 0.01 0.01 0.10 0.11 0.08 0.09 32.89 33.22 43.51 43.83 0.00 0.31 + 0.38 0.40 0.10 0.11 0.08 0.08 0.00 0.00 0.03 0.04 0.14 0.15 + 0.11 0.12 + 0.00 0.08 + 0.64 0.65 0.16 0.16 0.11 0.12 1.17 1.20 + 0.02 0.03 + 0.06 0.07 0.02 0.02 unch 0.32 0.37 + 0.25 0.27 0.11 0.11 unch 0.06 0.07 2.37 2.39 0.00 0.12 0.00 0.19 + 0.22 0.27 + 0.07 0.08 + 0.10 0.10 0.00 0.00 unch 1.33 1.35 0.08 0.08 unch 0.01 0.01 0.04 0.04 0.05 0.06 unch 0.00 0.01 unch 0.05 0.05 + 0.00 0.48 0.11 0.14 + 0.14 0.18 + 0.17 0.23 +

0.01 0.22 0.36 0.10 0.01 0.01 0.01 0.00 0.05 0.01 0.00 0.00 0.01 0.07 0.02 0.02 0.02 0.23 0.00 0.00 0.01 0.01 0.34 0.64 0.03 0.04 0.02 0.01 0.00 0.01 0.01 0.01 0.02 0.04 0.01 0.00 0.01 0.00 0.01 0.00 0.03 0.01 0.00 0.01 0.37 0.03 0.02 0.05 0.00 0.01 0.00 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.03 0.05 0.06

0.15 2.40 3.33 0.15 0.08 0.09 0.07 0.01 0.21 0.33 0.36 0.03 0.03 2.60 0.13 0.26 0.34 1.82 0.05 0.04 0.24 0.20 40.11 53.30 0.31 0.45 0.13 0.10 0.00 0.10 0.17 0.13 0.09 1.90 0.38 0.13 1.48 0.19 0.10 0.05 0.42 0.31 0.11 0.10 19.29 0.19 0.19 0.27 0.08 0.12 0.00 1.52 0.10 0.06 0.06 0.08 0.14 0.10 0.67 0.25 0.18 0.23

0.05 0.84 1.12 0.03 0.01 0.03 0.02 0.00 0.02 0.11 0.08 0.00 0.01 0.35 0.03 0.06 0.09 0.25 0.01 0.00 0.05 0.03 10.61 14.22 0.05 0.06 0.02 0.01 0.00 0.02 0.07 0.04 0.01 0.10 0.10 0.09 0.47 0.00 0.02 0.01 0.04 0.03 0.05 0.02 2.37 0.09 0.08 0.11 0.03 0.04 0.00 0.45 0.02 0.00 0.01 0.03 0.01 0.00 0.06 0.01 0.04 0.05

P-Q

Exc Volume

Week Low

0.03 0.03 0.02 0.02 0.27 0.32 + 0.00 108.66 0.13 0.14 unch 0.03 0.04 + 0.07 0.07 unch 0.32 0.34 + 0.24 0.26 + 0.00 0.06 0.07 0.07 2.71 2.72 2.06 2.09 0.03 0.03 unch 0.14 0.14 unch 0.10 0.10 0.41 0.42 0.54 0.54 0.00 0.00 0.18 0.20 + 0.12 0.16 0.02 0.03 + 0.03 0.04 + 0.03 0.03 0.05 0.06 + 0.22 0.22 0.30 0.30 0.08 0.08 0.06 0.06 unch 0.06 0.06 0.21 0.21 0.28 0.28 2.55 2.61 + 0.00 0.00 unch 11.71 11.87 + 15.49 15.67 + 0.17 0.17 unch 1.32 1.43 + 1.82 1.88 + 0.03 0.03 unch 0.11 0.11 1.09 1.14 + 1.44 1.51 + 0.07 0.07 0.08 0.08 unch 0.40 0.50 5.16 5.16 0.00 0.14 + 0.06 0.08 + 0.26 0.27 0.26 0.26 unch 0.14 0.15 + 0.12 0.14 + 0.07 0.07 0.03 0.04 + 0.12 0.13 + 0.15 0.15 unch 0.02 0.02 + 0.08 0.10 0.12 0.14 + 1.49 1.50 unch 1.96 1.96 0.05 0.06 0.38 0.38 unch 0.49 0.50 0.25 0.25 0.20 0.20 0.25 0.33 + 0.32 0.42 + 0.11 0.11 0.15 0.15 0.14 0.19 + 0.19 0.24 + 0.20 0.20 0.26 0.28 + 0.00 0.04 0.18 0.20 0.00 0.12 + 0.09 0.11 + 0.07 0.08 + 0.01 0.02 +

Pistol Bay Mng V Pistol Bay Mng* O Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Plate Res V Plateau Energy V Plateau Energy* O Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PolyMet Mng* X PolyMet Mng T Portage Res* O Portofino Res V Portofino Res* O Potash Ridge* O Potash Ridge T Power Group* O Power Group V Power Metals* O Power Metals V PowerOre V PPX Mining* O PPX Mining V Precipitate Gl* O Precipitate Gl V Premier Gold M T Premium Expl* O Pretium Res* N Pretium Res T Primary Energy C Prime Mining* O Prime Mining V Prism Res V ProAm Expl V Probe Metals* O Probe Metals V Prog Planet V Prog Planet* O Project One C Promithian Gl * O Prophecy Pot C Prosper Gold V Prospero Silvr V Prospero Silvr* O Provenance Gld C Providence V Providence Gld* O PUF Vent Inc * O Puma Expl* O Puma Expl V Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Precious V QC Precious * O QcX Gold* O QcX Gold V QMC Quantum Ml* O QMC Quantum Ml V QMX Gold* O QMX Gold V Quadro Res* O Quadro Res V Quantum Cobalt C Quartz Mtn Res V Quartz Mtn Res* O Quaterra Res V Quaterra Res* O Quest Rare Mnl* O

1638 53 304 39 125 194 561 223 159 234 2328 69 1064 976 756 299 21237 107 354 1423 516 49 7909 22 312 809 735 608 8 459 791 679 3131 1 8984 2803 1698 73 2168 6 174 584 716 655 0 23 3 50 3424 80 1 291 552 28 5745 26 481 100 750 580 1795 4889 620 24 260 655 52 100 217 678 518 8152 57393 22 1754 53 38 3 369 1264 249

0.03 0.03 0.35 128.00 0.14 0.04 0.09 0.37 0.28 0.07 0.09 3.00 2.29 0.04 0.16 0.12 0.49 0.63 0.00 0.23 0.23 0.03 0.04 0.05 0.06 0.27 0.35 0.09 0.06 0.08 0.25 0.34 2.87 0.00 12.74 16.77 0.18 1.59 2.13 0.03 0.12 1.31 1.65 0.09 0.08 0.50 6.50 0.14 0.08 0.34 0.26 0.15 0.14 0.10 0.04 0.14 0.18 0.02 0.10 0.14 1.62 2.14 0.06 0.38 0.53 0.29 0.21 0.33 0.45 0.13 0.18 0.27 0.38 0.21 0.28 0.04 0.20 0.12 0.11 0.09 0.02

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

236 11 652 309 65 345 240 24 199 1 35 1148 120 200 188 39 2137 1462 1304 10 249 13 466 351 375 3628 343 0 55 635 119 1498 1967 752 320 80 15 191 2790 106 420 16589 191 4 1 0 8634 999 1684 18 43 217 268 19 243 2359 17 41 1 279 52 1870 198 167 1135 1302 1 3 8 58 143 334 885 518 129 518 8369 41 8231 774 5398 595 13 8 2187 201 1629 0 683 45 31 89 59 131 56 1434

0.28 0.20 0.34 0.36 0.05 0.10 0.35 1.15 0.14 0.08 0.02 0.90 0.08 0.07 0.00 0.09 0.06 0.14 0.11 4.25 1.02 0.26 0.47 0.62 0.09 0.08 0.10 0.00 0.10 0.13 0.15 0.87 1.15 1.50 1.17 0.20 0.06 0.07 0.72 0.14 0.18 0.00 0.08 0.05 62.40 0.00 63.76 0.76 1.00 0.89 0.68 0.54 0.40 0.14 0.18 0.39 0.08 0.05 0.44 0.59 0.10 0.14 0.04 0.17 0.22 0.23 0.03 0.07 0.07 0.09 0.25 0.33 0.44 0.07 0.05 0.43 0.48 0.28 0.08 0.06 1.77 1.34 0.50 0.34 140.60 0.00 0.41 0.75 0.07 0.06 0.09 0.00 0.11 0.17 0.01 0.03

Last

12-month

High

Change

0.16 0.12 0.31 0.33 0.04 0.07 0.21 0.90 0.10 0.00 0.02 0.72 0.00 0.07 0.00 0.07 0.04 0.13 0.09 4.00 0.96 0.19 0.44 0.58 0.05 0.07 0.07 0.00 0.08 0.11 0.13 0.73 0.95 1.20 0.90 0.20 0.06 0.06 0.54 0.13 0.17 0.00 0.06 0.05 0.00 0.00 60.96 0.63 0.85 0.00 0.59 0.42 0.32 0.12 0.15 0.30 0.00 0.05 0.44 0.00 0.07 0.10 0.03 0.14 0.19 0.19 0.03 0.00 0.07 0.08 0.16 0.24 0.33 0.06 0.04 0.23 0.37 0.24 0.07 0.05 1.58 1.19 0.00 0.32 135.26 0.00 0.35 0.75 0.06 0.06 0.03 0.00 0.11 0.14 0.01 0.02

0.23 0.18 0.31 0.34 0.04 0.09 0.35 1.14 0.13 0.08 0.02 0.75 0.07 0.07 0.00 0.09 0.05 0.13 0.10 4.00 0.99 0.19 0.44 0.61 0.05 0.07 0.07 0.00 0.08 0.11 0.13 0.84 1.10 1.40 1.14 0.20 0.06 0.06 0.62 0.13 0.17 0.00 0.07 0.05 61.00 70.71 61.53 0.66 0.86 0.82 0.61 0.46 0.37 0.12 0.16 0.32 0.08 0.05 0.44 0.55 0.10 0.12 0.03 0.15 0.20 0.22 0.03 0.07 0.07 0.08 0.16 0.24 0.33 0.06 0.05 0.29 0.38 0.24 0.07 0.05 1.60 1.22 0.42 0.32 137.81 0.00 0.39 0.75 0.07 0.06 0.04 0.08 0.11 0.16 0.01 0.02

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

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

(100s)

High Low

Stock

0.01 0.00 0.01 6.34 0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.14 0.08 0.00 0.00 0.00 0.03 0.06 0.00 0.01 0.01 0.01 0.01 0.02 0.01 0.01 0.02 0.01 0.00 0.02 0.03 0.03 0.07 0.00 0.08 0.08 0.00 0.04 0.07 0.00 0.01 0.04 0.05 0.02 0.00 0.05 1.38 0.04 0.01 0.07 0.00 0.01 0.01 0.03 0.00 0.01 0.00 0.00 0.00 0.02 0.00 0.03 0.01 0.00 0.03 0.02 0.01 0.08 0.09 0.00 0.02 0.05 0.06 0.01 0.02 0.01 0.01 0.00 0.01 0.01 0.00

0.05 0.04 0.64 128.00 0.19 0.06 0.16 0.40 0.28 0.08 0.13 3.86 2.98 0.05 0.18 0.13 0.97 1.30 0.00 0.26 0.25 0.05 0.07 0.09 0.12 0.40 0.54 0.11 0.06 0.10 0.30 0.41 3.04 0.00 13.83 18.30 0.82 1.59 2.13 0.05 0.15 1.31 1.72 0.11 0.08 0.60 9.78 0.19 0.12 1.10 0.32 0.20 0.18 0.17 0.23 0.20 0.20 0.30 0.17 0.24 1.72 2.31 0.08 0.38 0.53 0.39 0.29 0.34 0.50 0.13 0.18 0.27 0.38 0.22 0.32 0.06 0.24 0.18 0.15 0.11 0.06

0.01 0.00 0.12 43.41 0.01 0.01 0.02 0.16 0.08 0.01 0.01 1.25 0.86 0.02 0.02 0.01 0.15 0.25 0.00 0.02 0.02 0.01 0.02 0.02 0.03 0.03 0.04 0.03 0.02 0.04 0.04 0.05 0.85 0.00 4.05 6.25 0.16 0.14 0.25 0.01 0.05 0.37 0.54 0.02 0.01 0.12 0.02 0.01 0.03 0.10 0.26 0.08 0.06 0.02 0.02 0.03 0.04 0.01 0.02 0.03 0.27 0.38 0.03 0.09 0.14 0.14 0.10 0.03 0.04 0.03 0.06 0.03 0.04 0.20 0.02 0.01 0.05 0.04 0.02 0.02 0.00

Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

V O V O

0.07 0.07 0.01 0.02 0.00 0.02 0.08 0.15 0.04 0.00 0.00 0.14 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.08 0.03 0.11 0.01 0.04 0.01 0.01 0.03 0.00 0.02 0.01 0.01 0.05 0.07 0.21 0.21 0.00 0.00 0.00 0.02 0.01 0.01 0.00 0.01 0.00 0.05 0.00 0.06 0.02 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.06 0.00 0.00 0.00 0.05 0.03 0.03 0.02 0.00 0.01 0.03 0.01 0.01 0.00 0.01 0.04 0.05 0.08 0.01 0.00 0.05 0.07 0.05 0.00 0.01 0.01 0.03 0.13 0.02 6.46 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.02 0.01 0.01

0.28 0.17 0.40 0.38 0.90 0.15 0.35 7.60 0.20 0.10 0.03 1.25 0.11 0.10 0.03 0.24 0.07 0.15 0.11 4.38 1.78 0.35 0.53 0.69 1.00 0.09 0.16 0.00 0.24 0.32 0.20 1.13 1.45 1.50 1.17 0.26 0.06 0.08 0.72 0.27 0.30 0.00 0.10 0.08 64.61 72.33 65.20 0.78 1.03 1.10 0.83 0.54 0.40 0.24 0.32 0.41 0.08 0.06 0.64 0.85 0.10 0.14 0.05 0.19 0.25 0.23 0.05 0.08 0.10 0.13 1.00 0.50 0.60 0.08 0.06 0.50 0.55 0.36 0.10 0.20 1.78 1.34 0.60 0.43 147.64 0.00 0.48 1.24 0.08 0.06 0.11 0.08 0.17 0.21 0.02 0.03

0.08 0.00 0.09 0.11 0.00 0.04 0.07 0.22 0.04 0.04 0.00 0.22 0.05 0.04 0.00 0.03 0.02 0.02 0.01 1.80 0.47 0.07 0.10 0.14 0.02 0.03 0.05 0.00 0.04 0.05 0.05 0.24 0.33 0.50 0.44 0.04 0.02 0.03 0.54 0.13 0.17 0.00 0.01 0.02 34.85 41.50 35.35 0.11 0.14 0.30 0.31 0.10 0.06 0.06 0.08 0.09 0.03 0.02 0.35 0.37 0.03 0.04 0.02 0.04 0.06 0.07 0.01 0.02 0.03 0.02 0.14 0.03 0.04 0.02 0.01 0.05 0.10 0.06 0.03 0.00 0.56 0.05 0.16 0.11 59.78 0.00 0.13 0.02 0.02 0.01 0.01 0.05 0.04 0.05 0.01 0.01

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

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

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

W

Exc Volume

Week

12-month

High

Low

Last

Change

High Low

352 21 3902 2104

3.25 2.45 0.05 0.04

2.92 2.24 0.04 0.03

3.10 2.35 0.04 0.04

+ + + +

0.20 0.13 0.01 0.01

3.77 8.70 0.08 0.06

0.53 0.43 0.03 0.03

2221 5182 361 2111 566 2 295 27 55 60 324 32 186 60 577 97 12 212 1059 315 2236 9195 1260 1099 1538 3226 795 616 222 326 120 303 876 329 235 1509 1 88 462 1926 111 10 198 2552 363 2243 19 831 74 3 651 1043 68 95 11565 556 2638 40 0 131 954 22 27 810 231 429 6323 3437 1279 38 4167 7117 468 21 77 2362 2045 59 87 202 89 52 238 2312 12 45 1273 257 118 2911 7605 4285 1784 90 11 1074 4798 464 145 479 291 1601 549 1364 1160 264 172 454 21 1679 1547 288 3093 653 46 194 98 140 3208 913 1436 70 546 5 73 141 3080 255 1543 1176 62 114 4930 2694 316 22 609 4045 2054 874 817 145 66 36 2407 7948 4748 214 94 699 298 1003 282 133 436 38 2154 174 9 70 403 327 827 0 2 1834 369 285 73 39 424 24 178

2.06 2.64 0.14 0.19 1.45 0.01 0.03 0.21 0.28 0.39 0.19 0.14 0.01 0.26 0.33 0.22 0.19 0.40 0.31 3.20 12.58 9.54 0.34 0.14 0.00 0.69 0.16 0.12 0.11 0.05 0.10 0.12 0.20 0.15 0.38 0.45 0.32 0.47 25.00 18.96 0.04 0.04 0.08 0.04 0.10 0.05 0.02 0.32 1.58 1.28 0.28 0.20 0.16 0.11 13.05 0.06 0.10 0.08 0.00 2.26 1.73 2.50 0.08 0.10 0.17 0.22 0.13 0.17 2.00 1.49 0.45 0.59 0.31 0.52 0.40 0.85 0.65 0.13 0.32 0.40 0.15 0.20 0.37 0.49 0.15 0.05 0.07 0.63 0.48 11.05 8.40 10.04 13.21 0.10 0.02 0.20 0.26 0.27 0.21 0.07 0.06 2.84 2.16 0.40 0.19 0.15 0.15 0.20 0.09 0.12 0.08 0.11 0.14 3.10 2.35 0.35 0.48 0.57 0.43 0.10 0.10 0.25 0.34 1.55 0.64 0.80 47.55 0.84 0.54 0.41 0.06 0.08 0.65 0.51 0.06 0.04 0.06 0.07 0.12 0.03 0.09 0.55 0.34 0.25 27.93 21.19 0.09 0.09 0.07 0.05 0.04 0.10 1.33 0.04 0.32 0.01 0.24 0.19 0.07 0.16 0.21 1.86 2.45 0.00 0.05 0.07 0.12 2.88 2.19 0.30 0.00 0.29 0.18

+ 1.99 + 2.63 0.13 + 0.17 1.37 0.01 unch + 0.03 0.19 0.26 + 0.38 0.17 + 0.13 0.00 0.19 0.27 0.21 0.00 + 0.28 + 0.22 3.00 11.61 8.80 0.29 0.12 unch 0.00 + 0.63 0.13 0.09 0.10 0.04 0.09 0.11 + 0.20 + 0.13 + 0.32 0.42 0.31 unch 0.43 unch + 24.42 + 18.55 0.04 unch 0.04 unch 0.07 0.02 0.09 + 0.05 0.02 unch + 0.32 1.58 unch 1.24 + 0.28 + 0.19 0.14 0.11 unch 11.60 + 0.05 + 0.10 + 0.07 0.16 unch 2.18 + 1.67 + 2.46 + 0.07 0.10 + 0.15 0.19 + 0.11 + 0.15 1.74 1.28 + 0.40 + 0.51 0.23 + 0.44 + 0.38 + 0.76 0.58 0.13 unch + 0.31 + 0.38 + 0.15 0.19 unch + 0.34 + 0.45 + 0.15 0.05 0.06 0.58 0.42 9.99 7.58 8.83 11.66 0.04 0.01 + 0.18 + 0.23 0.25 0.18 0.06 0.06 2.58 1.97 + 0.35 + 0.18 + 0.14 + 0.15 + 0.20 + 0.08 + 0.10 + 0.07 + 0.09 0.12 unch 2.64 1.98 0.34 + 0.48 + 0.54 + 0.38 0.09 + 0.10 0.23 0.30 1.55 + 0.59 + 0.80 + 45.99 0.74 + 0.50 + 0.38 + 0.06 0.07 unch 0.50 0.39 0.06 unch 0.04 + 0.05 0.06 + 0.12 0.03 unch 0.07 0.50 0.34 unch 0.22 25.41 19.27 0.07 0.08 0.06 0.04 0.03 0.09 1.29 0.04 0.27 + 0.01 0.22 0.17 0.07 unch 0.15 + 0.20 + 1.83 + 2.45 0.51 unch + 0.05 0.05 + 0.12 2.58 1.98 0.27 0.00 unch 0.29 unch 0.16

0.31 0.40 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.05 0.05 0.01 0.18 0.07 0.04 0.08 0.08 0.02 0.04 0.00 0.00 0.09 0.03 0.02 0.01 0.01 0.00 0.01 0.02 0.01 0.01 0.01 0.00 0.00 1.18 1.00 0.00 0.00 0.02 0.02 0.02 0.01 0.00 0.13 0.00 0.02 0.02 0.01 0.02 0.00 0.90 0.00 0.01 0.01 0.00 0.04 0.01 0.03 0.00 0.01 0.00 0.02 0.02 0.02 0.04 0.17 0.02 0.01 0.05 0.07 0.02 0.01 0.00 0.00 0.07 0.06 0.02 0.00 0.05 0.06 0.01 0.00 0.01 0.03 0.05 0.17 0.10 0.24 0.36 0.02 0.02 0.04 0.05 0.01 0.01 0.02 0.00 0.06 0.00 0.05 0.01 0.00 0.01 0.02 0.02 0.01 0.01 0.01 0.00 0.41 0.32 0.01 0.05 0.07 0.03 0.01 0.04 0.00 0.03 0.06 0.11 0.23 0.80 0.07 0.02 0.01 0.01 0.00 0.12 0.08 0.00 0.00 0.00 0.01 0.02 0.00 0.02 0.04 0.00 0.00 0.58 0.36 0.01 0.01 0.01 0.01 0.03 0.00 0.03 0.01 0.05 0.00 0.02 0.03 0.00 0.01 0.01 0.65 0.70 0.00 0.01 0.01 0.03 0.10 0.01 0.03 0.00 0.00 0.02

2.06 2.61 0.14 0.19 1.57 0.03 0.03 0.25 0.33 0.59 0.29 0.22 0.02 0.26 0.38 0.45 0.32 0.40 0.31 3.51 14.22 10.63 0.39 0.17 0.00 0.69 0.20 0.12 0.17 0.06 0.11 0.15 0.22 0.17 0.46 0.53 0.59 0.90 27.50 20.73 0.06 0.04 0.10 0.07 0.14 0.07 0.05 0.32 1.74 1.28 0.32 0.37 0.25 0.19 13.05 0.08 0.11 0.09 0.19 3.67 2.75 3.00 0.08 0.10 0.18 0.24 0.13 0.18 2.00 1.50 0.45 0.59 0.35 0.53 0.40 0.87 0.67 0.25 0.32 0.40 0.17 0.22 0.37 0.49 0.30 0.07 0.07 0.69 2.21 11.34 8.49 11.12 14.88 0.16 0.10 0.20 0.26 0.27 0.21 0.11 0.08 3.12 2.35 0.40 0.70 0.71 0.21 0.28 0.09 0.12 0.09 0.14 0.19 3.24 2.35 0.39 0.59 0.65 0.49 0.20 0.10 0.25 0.34 2.00 0.64 0.80 47.55 1.45 0.54 0.41 0.10 0.20 0.77 0.59 0.07 0.05 0.07 0.10 0.12 0.04 0.15 1.00 1.12 0.82 33.69 25.32 0.15 0.14 0.08 0.08 0.07 0.33 1.54 0.08 0.38 0.02 0.53 0.41 0.09 0.25 0.30 1.86 2.45 1.00 0.05 0.07 0.15 3.14 2.33 0.30 0.02 0.30 0.18

0.51 0.71 0.03 0.04 0.45 0.00 0.02 0.08 0.12 0.18 0.12 0.08 0.00 0.06 0.09 0.08 0.00 0.14 0.11 0.58 4.64 3.32 0.07 0.03 0.00 0.43 0.01 0.02 0.07 0.02 0.03 0.06 0.05 0.03 0.07 0.11 0.19 0.28 7.37 5.25 0.03 0.02 0.00 0.01 0.02 0.03 0.01 0.10 0.75 0.70 0.15 0.07 0.02 0.03 3.50 0.01 0.03 0.02 0.04 0.89 0.45 1.30 0.02 0.02 0.05 0.05 0.02 0.03 0.22 1.21 0.06 0.10 0.03 0.08 0.00 0.15 0.11 0.10 0.05 0.04 0.05 0.07 0.21 0.10 0.01 0.01 0.02 0.18 0.00 2.12 1.50 3.28 4.50 0.00 0.00 0.07 0.08 0.05 0.03 0.03 0.02 0.38 0.27 0.16 0.05 0.04 0.06 0.08 0.00 0.01 0.04 0.04 0.04 1.38 1.98 0.13 0.19 0.22 0.13 0.02 0.02 0.06 0.07 0.89 0.17 0.24 23.43 0.40 0.06 0.05 0.03 0.04 0.05 0.03 0.02 0.01 0.01 0.01 0.02 0.01 0.03 0.22 0.19 0.02 12.12 9.00 0.01 0.03 0.02 0.02 0.01 0.05 0.39 0.02 0.15 0.00 0.19 0.14 0.02 0.00 0.05 0.25 0.25 0.20 0.01 0.02 0.04 0.63 1.92 0.25 0.00 0.10 0.12

S 1.65 2.24 0.11 0.15 1.35 0.01 0.02 0.19 0.26 0.38 0.16 0.12 0.00 0.19 0.26 0.19 0.00 0.24 0.15 3.00 11.51 8.65 0.28 0.12 0.00 0.43 0.12 0.09 0.10 0.00 0.08 0.11 0.17 0.13 0.30 0.39 0.00 0.41 23.66 17.91 0.04 0.04 0.07 0.01 0.08 0.05 0.02 0.17 1.50 0.00 0.26 0.18 0.14 0.11 11.34 0.04 0.09 0.06 0.00 2.10 1.61 2.30 0.07 0.09 0.14 0.19 0.10 0.13 1.55 1.21 0.37 0.50 0.23 0.44 0.35 0.74 0.56 0.13 0.24 0.34 0.12 0.00 0.30 0.40 0.11 0.04 0.06 0.54 0.40 9.91 7.52 8.71 11.51 0.00 0.00 0.16 0.20 0.24 0.18 0.06 0.00 2.56 1.93 0.00 0.17 0.12 0.14 0.18 0.07 0.09 0.06 0.09 0.11 2.56 1.97 0.33 0.43 0.51 0.35 0.09 0.00 0.00 0.29 1.45 0.47 0.64 45.61 0.64 0.46 0.35 0.05 0.07 0.50 0.38 0.05 0.04 0.05 0.06 0.08 0.02 0.07 0.50 0.29 0.18 25.23 19.08 0.07 0.08 0.06 0.04 0.02 0.08 1.25 0.04 0.27 0.01 0.21 0.16 0.06 0.15 0.19 1.38 1.75 0.00 0.00 0.05 0.09 2.58 1.96 0.27 0.00 0.28 0.16

G LOBAL M I N I N G

N EW S

(100s) Stock

TH E N OR TH ER N

Week

Exc Volume

Low

0.19 0.21 unch 0.00 0.00 unch 0.66 0.67 0.50 0.50 0.00 0.35 unch 0.00 0.02 + 0.15 0.15 0.11 0.12 0.00 0.09 + 0.00 0.06 unch 0.69 0.70 + 0.00 0.68 + 0.72 0.85 + 0.04 0.04 unch 0.07 0.07 unch 2.34 2.40 0.17 0.21 + 0.82 0.94 20.82 20.89 15.79 15.83 0.61 0.65 + 0.81 0.86 + 0.44 0.57 unch 0.00 0.48 unch 0.10 0.10 unch 0.13 0.14 0.10 0.10 0.01 0.01 0.28 0.31 +

Stratabd Mnr Strateco Res* Strategic Metl Strategic Metl* Strategic Res Stria Lithium Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor* Stuhini Explor Sulliden Mng* Sulliden Mng Summa Silver Sun Metals Sun Peak Metal Suncor Energy Suncor Energy* Superior Gold* Superior Gold Superior Mng Superior Mng* Surge Copper * Surge Copper Surge Explor Sutter Gold* Syrah Res*

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

398 17 195 99 2 109 1379 914 95 57 441 29 277 3 289 107 2700 1768 39873 17244 284 1206 204 0 50 74 65 37 294

0.24 0.00 0.73 0.56 0.00 0.02 0.17 0.13 0.09 0.06 0.76 0.72 0.94 0.05 0.08 3.50 0.22 1.34 22.84 17.26 0.70 0.95 0.64 0.00 0.10 0.14 0.11 0.01 0.34

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

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

422 110 1584 8 42 66 9219 112 1394 2195 1527 646 198 2932 782 8 22 304 14 300 6417 1229 12900 23351 22 279 12 470 493 44 652 169 2537 114 74 682 1115 409 975 1119 272 42 364 700 275 1383 5 5 147 276 271 1095 1007 6 435

0.21 0.16 0.20 0.10 0.12 0.34 0.45 0.03 0.26 0.00 1.72 0.02 1.25 0.95 1.00 0.11 0.08 0.12 0.09 0.11 0.88 1.16 16.96 12.88 19.34 0.28 0.22 0.21 0.16 0.49 0.21 0.16 15.55 11.93 0.07 0.08 0.51 0.39 0.05 0.12 0.06 0.32 0.48 4.52 3.41 1.69 0.05 0.07 0.70 0.25 0.24 0.20 0.15 2.55 0.32

Last

High Low

Stock

0.00 0.00 0.04 0.03 0.00 0.01 0.02 0.01 0.01 0.00 0.01 0.15 0.15 0.00 0.00 0.84 0.04 0.23 1.68 1.17 0.04 0.07 0.00 0.00 0.00 0.01 0.01 0.00 0.03

0.28 0.01 0.80 0.60 0.55 0.02 0.21 0.17 0.15 0.10 0.83 0.72 0.94 0.05 0.10 3.50 0.43 1.34 45.12 34.56 1.15 1.53 0.64 0.52 0.12 0.21 0.95 0.01 0.53

0.02 0.00 0.25 0.18 0.18 0.01 0.02 0.01 0.03 0.01 0.05 0.29 0.12 0.04 0.03 0.09 0.06 0.82 14.02 9.61 0.26 0.33 0.05 0.08 0.03 0.02 0.05 0.00 0.09

0.01 0.01 0.05 0.00 0.03 0.04 0.07 0.00 0.01 0.00 0.01 0.00 0.05 0.01 0.09 0.03 0.00 0.01 0.00 0.00 0.08 0.07 0.03 0.02 1.29 0.04 0.02 0.02 0.01 0.08 0.02 0.02 0.40 0.45 0.00 0.01 0.01 0.01 0.00 0.03 0.01 0.02 0.01 0.70 0.56 0.23 0.00 0.01 0.00 0.02 0.01 0.02 0.02 0.00 0.08

0.31 0.22 0.20 0.11 0.15 0.47 0.65 0.05 0.36 0.01 2.06 0.03 1.49 1.09 1.00 0.12 0.09 0.23 0.10 0.12 0.88 1.16 25.74 19.44 25.65 0.34 0.25 0.25 0.19 0.49 0.30 0.18 16.80 12.82 0.07 0.10 0.55 0.41 0.06 0.47 0.08 0.32 0.48 4.85 3.80 2.65 0.07 0.08 0.70 0.28 0.34 0.20 0.16 2.60 0.32

0.07 0.05 0.03 0.01 0.03 0.10 0.14 0.01 0.08 0.00 0.45 0.01 0.55 0.36 0.04 0.04 0.03 0.04 0.02 0.03 0.20 0.28 8.15 5.60 9.00 0.10 0.11 0.04 0.04 0.10 0.03 0.02 3.86 2.84 0.02 0.02 0.16 0.11 0.01 0.09 0.03 0.18 0.06 0.27 0.20 0.22 0.02 0.03 0.10 0.12 0.06 0.03 0.02 1.00 0.06

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

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

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

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

Change

T 0.18 0.14 0.14 0.09 0.00 0.30 0.38 0.03 0.24 0.00 1.40 0.01 1.13 0.85 0.69 0.00 0.08 0.10 0.08 0.10 0.77 1.03 14.96 11.34 18.00 0.22 0.00 0.19 0.14 0.44 0.18 0.14 14.39 10.36 0.06 0.07 0.43 0.33 0.05 0.10 0.00 0.28 0.40 3.14 2.38 1.40 0.05 0.06 0.19 0.22 0.20 0.14 0.11 2.13 0.23

0.19 0.15 0.20 0.09 0.12 0.30 0.38 0.03 0.25 0.00 1.42 0.01 1.19 0.87 0.83 0.11 0.08 0.12 0.09 0.11 0.85 1.10 14.97 11.35 18.94 0.22 0.19 0.21 0.16 0.49 0.21 0.16 14.64 11.16 0.06 0.07 0.43 0.33 0.05 0.12 0.06 0.28 0.40 3.56 2.64 1.43 0.05 0.06 0.21 0.23 0.23 0.17 0.12 2.55 0.32

(100s)

12-month

High

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

Week

Exc Volume

Last

12-month

High

Low

Change

1107 244 436 34 46 543 7 11 193 1108 357 669 16 252 5 234 1908 5 77 3 633 330 381 11 1670 1413 145 50 233 1142 13874 2518 166 256 123 1055 456 1 182 0 600 1923 816 1396 115 297 1236 384 48 7 35 135 1573 730 0 844 539 18863 3590 769 100 2 10 474

0.24 0.18 0.23 0.04 0.09 0.35 0.26 0.30 1.10 1.45 0.05 0.21 2.74 0.45 0.50 17.03 22.55 0.56 0.75 0.08 0.11 0.06 0.19 0.14 1.80 0.50 6.45 0.07 0.10 0.12 0.16 0.39 0.10 0.08 2.79 2.14 0.12 0.03 0.12 0.00 0.00 0.43 0.33 0.38 0.28 1.12 1.48 0.04 0.11 0.09 0.09 0.10 3.59 2.84 0.00 1.45 1.10 0.98 1.28 0.03 0.02 0.00 0.04 0.10

0.18 0.24 + 0.14 0.16 + 0.21 0.21 unch 0.04 0.04 unch 0.07 0.07 unch 0.29 0.31 0.24 0.24 + 0.00 0.30 unch 0.89 0.90 1.16 1.16 0.04 0.05 unch 0.15 0.20 0.00 2.50 0.38 0.40 unch 0.02 0.50 + 15.09 15.12 19.89 19.93 0.53 0.53 + 0.70 0.70 unch 0.08 0.08 + 0.10 0.10 0.06 0.06 unch 0.17 0.18 unch 0.00 0.14 + 1.50 1.51 0.45 0.48 unch 5.99 6.02 0.07 0.07 unch 0.09 0.09 0.09 0.11 + 0.13 0.15 + 0.07 0.39 + 0.09 0.10 + 0.06 0.08 + 2.60 2.64 + 1.97 2.06 + 0.10 0.11 0.00 0.03 unch 0.11 0.12 + 0.00 0.11 unch 0.00 0.00 unch 0.34 0.38 0.26 0.29 0.34 0.35 0.25 0.25 0.97 1.00 + 1.28 1.30 0.04 0.04 + 0.08 0.08 0.07 0.07 0.09 0.09 unch 0.09 0.10 unch 2.63 2.82 2.00 2.12 0.00 5.50 unch 1.25 1.42 + 0.91 1.08 + 0.86 0.94 + 1.15 1.23 + 0.02 0.02 0.01 0.02 0.00 0.00 unch 0.04 0.04 unch 0.09 0.09 -

936 384 451 1 199 1211 732 2625 14 201 27 343 8711 171 206 174 250 34999 34 463

14.27 0.13 0.10 0.00 0.75 0.10 0.13 0.17 0.07 0.09 0.09 0.46 0.62 0.56 0.75 0.05 0.52 8.24 0.08 2.87

Stock

0.06 0.01 0.00 0.00 0.00 0.02 0.02 0.00 0.20 0.28 0.00 0.01 0.25 0.00 0.48 0.89 1.34 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.19 0.00 0.34 0.00 0.01 0.03 0.02 0.07 0.01 0.02 0.02 0.07 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.02 0.03 0.02 0.02 0.01 0.02 0.02 0.00 0.00 0.75 0.60 0.00 0.17 0.15 0.08 0.09 0.01 0.00 0.00 0.00 0.01

0.24 0.19 0.25 0.07 0.14 0.41 0.30 0.80 4.38 5.87 0.07 0.32 3.09 0.55 0.50 19.45 25.52 0.59 0.79 0.10 0.14 0.07 0.24 0.18 1.98 1.51 9.32 0.11 0.15 0.20 0.26 0.40 0.12 0.08 3.61 2.74 0.13 0.50 0.15 0.11 0.00 0.47 0.35 0.51 0.38 1.21 1.60 0.08 0.13 0.10 0.13 0.17 4.51 3.40 7.00 1.80 1.33 0.98 1.32 0.03 0.02 0.00 0.06 0.11

0.02 0.05 0.07 0.02 0.04 0.14 0.11 0.24 0.31 0.44 0.02 0.08 0.50 0.15 0.00 6.19 8.79 0.21 0.27 0.01 0.02 0.02 0.11 0.08 0.45 0.32 4.23 0.05 0.06 0.04 0.06 0.03 0.02 0.01 1.50 1.03 0.03 0.01 0.04 0.07 0.00 0.19 0.13 0.07 0.06 0.30 0.42 0.02 0.03 0.02 0.04 0.05 0.38 0.27 5.00 0.27 0.20 0.30 0.43 0.01 0.00 0.00 0.02 0.02

0.78 0.03 0.02 0.00 0.02 0.00 0.01 0.01 0.02 0.04 0.01 0.02 0.02 0.16 0.19 0.01 0.00 0.28 0.01 0.50

14.44 0.15 0.90 0.10 1.03 0.19 0.25 0.19 0.08 0.10 0.34 0.50 0.67 0.56 0.75 0.09 0.69 14.52 0.23 6.50

2.61 0.04 0.01 0.03 0.09 0.06 0.09 0.07 0.01 0.02 0.06 0.07 0.10 0.03 0.01 0.02 0.25 4.54 0.03 2.32

U-V 11.20 11.20 0.08 0.12 + 0.06 0.10 + 0.00 0.04 unch 0.66 0.71 + 0.09 0.09 + 0.12 0.12 0.15 0.16 0.05 0.07 + 0.05 0.09 + 0.08 0.08 0.38 0.39 0.50 0.51 0.31 0.48 + 0.41 0.63 + 0.04 0.05 + 0.44 0.47 7.50 7.51 0.08 0.08 + 2.32 2.42 -

(100s)

High Low

Week Last

M I N ER

12-month

Exc Volume

High

Low

Change

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

V 1 T 215 X 1979 V 5625 X 5408 O 644 D 26130 V 228 O 179 O 162 V 41 V 710 O 70 V 32 V 1 O 11 N 122615 O 280 O 193 V 551 O 113 V 153 V 100 O 17 O 64 V 306 O 69 V 231 O 218 V 1596 O 1339 V 1891 O 1 V 33 V 206 O 7 O 534 V 682 T 246 O 42 O 399 V 1055 O 422 T 1412 O 103 V 171 O 33 C 71 C 395 O 389 V 429 V 1850 V 1102 O 0 V 358 O 17 X 1775 T 145 O 142 V 173 V 2473 O 945 V 235 O 17 V 1107 O 0 O 500 O 4 C 59 V 271 O 148 V 424 O 0 V 152 V 193 O 182

0.18 0.73 0.55 0.66 1.13 0.08 3.11 1.30 0.99 0.02 0.03 0.33 0.00 0.20 0.16 0.13 11.77 0.00 0.24 0.31 0.08 0.10 0.07 0.04 0.08 0.10 0.06 0.08 0.14 0.18 1.39 1.75 0.22 0.26 0.47 0.36 0.07 0.09 0.80 0.01 0.01 0.04 15.23 19.80 0.37 0.40 0.03 0.05 0.18 0.11 0.14 0.48 0.31 0.00 0.07 0.06 1.32 1.73 0.35 0.46 2.25 1.79 0.91 0.66 0.23 0.00 0.05 0.38 0.50 0.07 0.28 0.35 0.00 0.08 0.04 0.04

0.00 0.18 0.69 0.73 0.52 0.55 + 0.45 0.46 0.99 1.05 + 0.05 0.06 1.97 2.15 + 1.20 1.27 unch 0.91 0.96 0.02 0.02 unch 0.03 0.03 0.25 0.30 0.00 0.00 + 0.19 0.20 + 0.00 0.16 unch 0.12 0.12 11.00 11.08 0.00 0.00 + 0.20 0.21 0.27 0.29 + 0.07 0.07 0.09 0.10 + 0.00 0.07 + 0.00 0.04 + 0.06 0.07 0.08 0.09 0.05 0.05 0.00 0.08 + 0.12 0.13 0.16 0.17 1.10 1.23 + 1.45 1.58 + 0.22 0.22 unch 0.00 0.26 0.45 0.46 unch 0.35 0.36 + 0.06 0.06 0.08 0.09 0.69 0.74 + 0.01 0.01 unch 0.00 0.00 0.04 0.04 unch 13.25 14.88 + 17.58 19.70 + 0.25 0.27 0.34 0.35 0.02 0.02 0.03 0.03 0.15 0.15 0.08 0.10 + 0.11 0.14 + 0.39 0.48 + 0.20 0.29 + 0.00 0.12 unch 0.06 0.06 0.05 0.05 1.16 1.22 unch 1.53 1.63 + 0.31 0.34 + 0.42 0.46 + 1.73 1.84 1.32 1.39 0.72 0.72 0.55 0.58 + 0.12 0.18 + 0.00 0.05 unch 0.05 0.05 + 0.23 0.35 + 0.29 0.30 + 0.06 0.07 unch 0.24 0.24 0.32 0.33 0.00 0.03 unch 0.07 0.08 unch 0.00 0.03 0.02 0.03 +

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

C O O O V O T O

0.85 0.50 0.05 0.10 0.14 0.82 1.06 0.09

0.60 0.50 0.05 0.08 0.11 0.71 0.94 0.00

0.85 + 0.50 + 0.05 unch 0.10 + 0.14 + 0.80 + 1.05 + 0.09 +

(100s)

High Low

Stock

0.01 0.01 0.00 0.03 0.04 0.01 0.05 0.00 0.01 0.00 0.01 0.02 0.00 0.01 0.00 0.01 0.25 0.00 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.13 0.15 0.00 0.03 0.00 0.02 0.01 0.01 0.06 0.00 0.00 0.00 1.64 2.18 0.01 0.06 0.00 0.01 0.02 0.01 0.05 0.08 0.10 0.00 0.01 0.01 0.00 0.02 0.00 0.01 0.23 0.19 0.07 0.03 0.07 0.00 0.00 0.11 0.02 0.00 0.01 0.01 0.00 0.00 0.01 0.00

0.20 1.00 0.72 0.72 1.26 3.00 9.25 1.32 0.99 0.03 0.03 0.45 0.00 0.22 0.20 0.15 13.67 0.01 0.31 0.41 0.28 0.35 0.08 0.06 0.08 0.10 0.06 0.08 0.28 0.21 1.39 1.75 0.22 0.31 0.54 0.41 0.09 0.11 0.82 0.02 0.10 0.08 15.23 19.80 0.48 0.60 0.04 0.05 0.35 0.11 0.15 0.48 0.31 0.12 0.10 0.08 1.45 1.90 0.35 0.47 2.93 2.14 0.93 0.68 0.23 0.05 0.10 0.38 0.52 0.12 0.35 0.50 0.06 0.21 0.06 0.05

0.05 0.39 0.27 0.05 0.35 0.01 0.25 0.80 0.56 0.00 0.01 0.05 0.00 0.10 0.03 0.04 6.49 0.00 0.09 0.14 0.03 0.03 0.01 0.00 0.03 0.04 0.02 0.03 0.03 0.03 0.15 0.19 0.08 0.10 0.20 0.15 0.01 0.03 0.21 0.00 0.00 0.02 2.88 4.02 0.11 0.17 0.01 0.01 0.10 0.03 0.04 0.19 0.04 0.02 0.01 0.01 0.36 0.51 0.09 0.14 0.24 0.16 0.05 0.03 0.02 0.03 0.04 0.09 0.13 0.05 0.10 0.16 0.03 0.02 0.02 0.01

0.29 0.33 0.00 0.02 0.03 0.04 0.06 0.00

0.85 0.50 0.25 0.14 0.19 0.97 1.35 0.10

0.09 0.17 0.02 0.05 0.06 0.23 0.31 0.03

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

W-Z 340 13 75 891 5738 1546 4845 5

23

/ AU G U ST 3 1 – SEP TEM BER 1 3 , 2 0 2 0

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

588 5 186 228 5 4 2687 331 79 3448 208 356 308 301 18 1080 2605 454 196 0 52 99 5 218 255 52 472 204 10 228 36 1 5391 8095 1 439 676 9 1234 143 12 2 17 20 12 957 1914 452 158 860 1864 132 22 2503 753 202 139 9 14 480 162 270 119 14360 85648 2514 10 1109 297 81 281 50 1615 668 23 2238 219 34 14 178 63

Week

12-month

High

Low

Last

0.13 0.05 0.08 0.11 0.10 0.08 15.00 11.37 0.12 0.19 0.14 1.70 1.80 0.14 0.00 1.73 1.33 0.13 0.10 0.00 0.51 0.19 0.11 0.59 0.72 1.70 0.88 0.68 0.17 0.25 0.14 5.00 71.67 54.45 0.08 0.96 1.28 0.04 0.07 0.02 0.95 0.13 0.19 0.14 0.10 0.14 0.11 1.40 0.25 0.32 0.95 0.05 0.14 0.20 0.06 0.29 0.07 0.05 0.51 0.63 0.19 1.22 0.92 8.55 6.48 0.07 0.05 0.39 0.02 0.43 0.55 0.10 1.15 0.88 0.16 0.02 0.02 0.11 0.09 0.26 0.20

0.10 0.05 0.07 0.00 0.06 0.08 14.00 10.52 0.10 0.16 0.12 1.45 0.00 0.13 0.00 1.54 1.15 0.12 0.08 0.00 0.51 0.00 0.11 0.48 0.64 0.00 0.66 0.51 0.15 0.19 0.13 0.00 67.37 50.91 0.08 0.87 1.16 0.04 0.06 0.02 0.94 0.00 0.00 0.13 0.10 0.12 0.09 0.70 0.21 0.28 0.81 0.03 0.00 0.15 0.05 0.21 0.00 0.03 0.45 0.53 0.15 1.05 0.79 7.78 5.88 0.06 0.05 0.35 0.01 0.33 0.43 0.00 0.78 0.59 0.14 0.00 0.01 0.00 0.07 0.24 0.18

0.10 0.05 0.07 0.09 0.06 0.08 14.33 10.86 0.10 0.17 0.13 1.50 1.80 0.14 0.09 1.65 1.29 0.13 0.10 0.38 0.51 0.19 0.11 0.52 0.66 1.70 0.70 0.53 0.17 0.25 0.13 2.90 68.36 51.86 0.08 0.88 1.16 0.04 0.07 0.02 0.94 0.13 0.18 0.14 0.10 0.12 0.10 1.20 0.21 0.28 0.89 0.05 0.14 0.19 0.05 0.23 0.07 0.05 0.47 0.58 0.16 1.11 0.84 7.90 5.98 0.06 0.05 0.37 0.01 0.38 0.49 0.08 1.01 0.77 0.14 0.02 0.01 0.11 0.07 0.24 0.20

Change unch unch + + unch unch unch unch + + + unch unch + unch unch + + + + unch + + unch + + + + + + + + unch + + + + + + + + + unch unch unch +

0.02 0.00 0.01 0.02 0.04 0.00 0.65 0.53 0.01 0.02 0.01 0.00 0.00 0.00 0.00 0.12 0.14 0.01 0.00 0.00 0.00 0.01 0.00 0.03 0.08 0.00 0.16 0.12 0.03 0.07 0.01 0.60 1.35 1.31 0.00 0.00 0.02 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.00 0.01 0.01 0.19 0.01 0.01 0.04 0.01 0.01 0.01 0.01 0.03 0.02 0.00 0.05 0.01 0.01 0.04 0.04 0.10 0.11 0.01 0.01 0.01 0.00 0.02 0.02 0.05 0.06 0.04 0.01 0.00 0.00 0.00 0.02 0.02 0.01

High Low 0.15 0.07 0.29 0.38 0.11 0.09 15.00 11.37 0.24 0.21 0.17 1.70 2.32 0.19 0.14 1.90 1.53 0.25 0.20 0.45 0.62 0.39 0.11 0.84 1.10 1.70 1.25 0.93 0.17 0.35 0.17 5.00 76.69 57.89 0.11 2.00 1.34 0.05 0.07 0.07 2.32 0.20 0.26 0.20 0.11 0.17 0.13 2.25 0.25 0.32 1.28 0.07 0.18 0.25 0.10 0.45 0.48 0.29 0.60 0.80 0.20 1.22 0.92 9.29 7.02 0.08 0.06 0.44 0.16 0.62 0.85 0.15 1.15 0.88 0.18 0.03 0.10 0.14 0.11 0.37 0.28

0.03 0.02 0.05 0.07 0.03 0.02 5.74 4.10 0.07 0.04 0.02 0.45 1.15 0.04 0.04 0.44 0.31 0.09 0.07 0.17 0.20 0.13 0.02 0.15 0.25 1.00 0.35 0.25 0.13 0.08 0.04 1.00 26.99 18.66 0.03 0.29 0.41 0.00 0.02 0.01 0.91 0.04 0.01 0.05 0.03 0.01 0.00 0.05 0.05 0.07 0.43 0.02 0.03 0.03 0.01 0.04 0.04 0.02 0.20 0.26 0.03 0.37 0.20 3.11 2.23 0.02 0.02 0.03 0.00 0.17 0.26 0.04 0.15 0.12 0.08 0.01 0.00 0.06 0.04 0.17 0.12

BID-ASK — AUGUST 17–21, 2020 12-MONTH STOCK

African Metals Aftermath Silv Allante Res Alturas Min American CuMo American Uran AMV Capital Anconia Res Anglo-Bomarc Antler Hill Asbestos Corp Atlanta Gold Aurelius Min Aurex Energy Austin Res Avarone Metals Banro Corp* Barker Min BE Res Bearclaw Cap BHK Mining Boss Power Brunswick Res Bullion Gold Cairo Res Camrova Res Canoe Mng Vent Cassius Vents Cassowary Cap Centurion Mnls Cerro de Pasc Chinapintza Mg Clarmin Explor Cliffmont Res Cliffs Nat Res* Clydesdale Res Comet Inds Cresval Cap CWN M’g Acq Cyprium Mng Discovery-Corp District Mines Duro Metals EastCoal Inc Edgemont Gold Electra Stone Eurotin Everton Res EVI Global Grp Excalibur Res Fabled Copper Finore Mng Fire River Gol Four Nines Freedom Egy Full Metal Mnl Fusion Gold GAR Limited Gentor Res GFM Res GK Resources Global Cop Grp

EXC

BID

ASK

LAST

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

0.06 0.24 0.01 0.01 0.06 0.09 0.11 0.02 0.08 0.10 0.35 0.03 0.13 0.04 0.10 ...

0.11 0.01 0.30 0.01 0.02 0.17 0.01 0.06 0.37 0.01 0.18 0.08 0.01 ... ...

0.01 0.14 0.07 1.45 0.04 3.10 0.02 0.05 0.03 0.08 0.03 0.14 0.07 0.11 0.01 0.02 0.10 0.09 0.09 0.19 0.12 0.03 0.11 0.02 0.01 0.01 ...

0.05 0.10 0.11 0.07

0.09 0.25 0.20 0.01 0.07 0.13 ...

0.02 0.08 0.10 0.85 0.04 0.14 0.06 0.15 ...

0.11 0.01 0.32 0.03 0.02 0.20 0.09 0.15 0.85 0.01 0.24 0.15 ...

0.07 ...

1.00 0.14 0.10 3.20 0.07 3.65 0.02 0.07 0.03 0.10 0.03 0.27 0.19 0.14 0.02 0.03 0.10 0.09 0.10 0.19 0.12 0.07 0.20 0.02 0.01 ... ...

0.07 0.14 0.13 0.08

0.06 0.25 0.16 0.01 0.06 0.12 0.07 0.01 0.15 0.06 0.80 0.03 0.14 0.05 0.13 0.04 0.11 0.01 0.20 0.01 0.02 0.17 0.03 0.10 0.21 0.07 0.20 0.10 0.05 0.07 0.29 0.02 0.14 0.06 1.43 0.03 3.10 0.03 0.05 0.03 0.09 0.12 0.21 0.09 0.11 0.01 0.02 0.03 0.10 0.10 0.07 0.11 0.09 0.10 0.01 0.10 0.17 0.15 0.03 0.15 0.12 0.08

HIGH

LOW

0.33

0.05

0.01

0.01

0.14 0.08

0.01 0.07

0.09 0.99 0.04 0.15 0.16 0.13 0.15 2.10

0.04 0.30 0.03 0.03 0.03 0.04 0.03 0.10

0.25 0.03

0.09 0.01

0.47 0.35

0.09 0.20

0.30 0.10 0.05 0.14 0.34 0.02 0.18 0.12 7.17 0.05 3.60 0.08 0.21

0.10 0.04 0.01 0.04 0.12 0.01 0.05 0.05 0.98 0.01 3.00 0.02 0.03

0.15 0.24 0.27 0.09 0.14

0.07 0.05 0.11 0.06 0.10

0.04

0.01

0.78 0.11 0.16

0.05 0.01 0.02

0.16

0.10

4.13 0.06 0.15 0.27 0.11

0.13 0.03 0.05 0.11 0.04

12-MONTH STOCK

Global Vanad Goldbelt Emp Goldblock Cap GoldHaven Res Graphite Egy Great Lakes Gr Great Quest Fe Greatbanks Re Green Arrow GrowMax Res HFX Holding High Point Exp Highvista Gold Hornby Bay Mnl Indico Res Indigo Expl Inspiration Mg Interconnect Intl Battery Iron South Mng Jasper Mining Jazz Res Jiulian Res Jubilee Gold Kapuskasing Gd Karora Res Kermode Res Knick Expl Kodiak Copper Kootenay Zinc La Imperial Latin Metals Le Mare Gold Leo Res Liberty One Li Lida Resources Lions Bay Mg Logan Res Madeira Mrnls MAG Silver* Major Precious Martina Mnls Maya Gold &Sil McChip Res Micrex Dev Midasco Cap MillenMin Vent Milner Con Slv Minecorp Egy Mineral Hill Minsud Res Miramont Res Mongoose Mg Montana Gold MPV Explor Navis Res Corp Nebu Res New Klondike Norse Gold Northway Res Odyssey Res Optimum Vent

EXC

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

BID

0.17 0.01 0.16 ... ...

0.05 ...

0.16 0.02 0.04 0.01 0.13 ...

0.10 ...

0.10 ...

0.04 ...

0.24 0.06 0.26 0.09 0.49 0.10 0.47 0.02 0.01 0.05 0.03 0.06 0.03 0.01 ...

0.06 ... ...

0.09 ...

12.52 ...

0.05 1.94 0.43 0.02 0.07 ...

0.05 ...

0.07 0.06 0.18 0.05 0.09 0.12 ...

0.04 0.01 0.06 0.25 0.04 0.33

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

0.24 0.02 0.25 ... ...

0.05 0.01 0.18 0.03 0.04 ... ... ...

0.10 0.01 0.13 ...

0.07 ...

0.27 0.10 0.35 0.09 0.70 0.10 0.48 0.02 0.01 0.06 0.03 0.10 0.04 0.01 ...

0.06 ...

0.28 0.13 ...

13.30 ...

0.14 2.19 0.45 0.02 0.08 0.50 0.10 ...

0.07 0.10 0.18 ...

0.10 0.15 ...

0.04 0.01 0.09 0.25 0.07 0.42

0.24 0.02 0.16 0.42 0.47 0.04 0.10 0.18 0.02 0.09 0.01 0.08 0.17 0.11 0.01 0.13 0.03 0.06 0.31 0.24 0.06 0.27 0.09 0.70 0.10 0.48 0.01 0.01 0.05 0.04 0.06 0.03 0.09 1.09 0.07 0.24 0.28 0.13 0.03 12.52 0.42 0.05 2.01 0.42 0.01 0.07 0.05 0.05 0.12 0.15 0.10 0.14 0.14 0.10 0.16 0.30 0.04 0.01 0.06 0.14 0.04 0.33

0.28

0.16

0.16 0.45 0.47

0.12 0.06 0.42

0.18 0.04 0.09 0.05 0.08

0.06 0.02 0.09 0.01 0.02

0.11 0.01 0.15

0.02 0.01 0.06

0.06

0.06

0.28 0.25 0.44 0.09 0.95 0.14 0.73 0.02

0.04 0.01 0.14 0.01 0.38 0.05 0.20 0.01

0.13 0.18 0.12 0.16 0.09

0.04 0.02 0.01 0.02 0.04

0.08 0.27 0.39 1.15

0.04 0.13 0.04 0.06

14.40 0.42 0.06 2.50 0.65

6.12 0.02 0.05 0.82 0.39

0.15

0.07

0.06 0.20

0.02 0.07

0.15 0.17 0.15 0.10 0.16

0.01 0.05 0.11 0.02 0.06

0.08 0.17 0.05 0.33

0.02 0.05 0.02 0.15

Ord Mountain Pac Arc Res Pan Andean Min Patriot Gold Philippine Mtl Primary Energy Prime Meridian Prism Res Quantum Cobalt Quinto Res Rare Element* Razore Rock Res Red Oak Mining Reliant Gold Rhyolite Res Riley Resource Rizal Res Rockland Mnls Rockwealth Res Ross River RTG Mining Sage Gold Samco Gold Scotch Creek Secova Mtls Sennen Potash Sierra Madre Skarb Explor SouthGobi Res Southstone Min Stans Energy Superior Mng Surge Explor Tearlach Res Thunder Mtn Gd Tiger Intl TomaGold Top Explor Transatlantic Tri-River Vent Trident Gold TriMetals Mng True Grit Res Tsodilo Res Vale* ValOre Metals Vatic Vent Venerable Vent Viking Gold Waseco Res Western Pac Rs Western Troy C Whitemud Res Winshear Gold Yukoterre Res Zadar Ventures Zara Res Zenith Explor Zinco Mng Zincore Mtls

EXC

BID

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

0.20 0.01 ...

0.05 0.06 ...

0.07 0.03 ...

0.06 0.11 0.06 0.10 ...

0.17 0.17 0.01 0.07 0.46 0.01 0.10 0.01 0.01 0.11 0.05 ...

0.15 0.18 0.01 0.01 0.01 0.55 0.39 0.10 0.08 0.11 0.03 0.05 0.05 ...

0.13 0.11 0.01 0.09 ...

0.06 0.05 0.12 0.31 0.04 0.50 0.08 0.01 0.12 ...

0.31 ...

0.04 0.05 ...

ASK

0.20 0.25 0.09 ...

0.08 ...

0.07 0.04 ...

0.06 0.16 0.10 0.10 ...

0.20 0.45 0.02 0.08 0.46 0.38 0.13 0.01 0.05 0.18 0.06 1.10 0.38 0.50 0.12 0.01 0.01 0.60 0.44 0.21 ...

0.39 0.03 ...

0.06 ...

0.18 0.12 ...

0.10 ...

0.07 ...

0.17 0.35 0.05 0.64 0.09 0.02 0.14 ...

0.31 ...

0.13 0.07 0.40

LAST

0.20 0.16 0.09 0.11 0.06 0.17 0.07 0.03 1.10 0.08 0.15 0.07 0.10 0.02 0.20 0.24 0.02 0.08 0.46 0.26 0.11 0.02 0.05 0.12 0.05 0.45 0.16 0.12 0.09 0.01 0.01 0.57 0.39 0.10 0.09 0.12 0.05 0.02 0.06 0.04 0.12 0.12 0.02 0.10 10.24 0.07 0.10 0.12 0.31 0.05 0.51 0.11 0.02 0.14 0.10 0.30 0.07 0.02 0.05 0.05

HIGH

LOW

0.25 0.27 0.10 0.11 0.09 0.82 0.16 0.05 3.15 0.08 0.89 0.10 0.23

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

0.26 0.24

0.04 0.11

0.11 0.49

0.01 0.43

0.17

0.04

0.25 0.06

0.06 0.03

0.19 0.12 0.20 0.04 0.03 0.64 0.23 0.20 0.29 0.20

0.04 0.08 0.06 0.01 0.01 0.05 0.03 0.07 0.07 0.04

0.02 0.07

0.02 0.02

0.20 0.12 0.02 0.17 11.10 0.13

0.12 0.03 0.01 0.05 6.57 0.07

0.12 0.59 0.07 0.62 0.11 0.03 0.15 0.16 0.35 0.22 0.11

0.03 0.28 0.02 0.20 0.02 0.01 0.05 0.08 0.08 0.07 0.02

24

AU G U ST 3 1 – SEP TEM BER 1 3 , 2 0 2 0

/ TH E N OR TH ER N

M I N ER

W

W

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

SEPTEMBER 1-3, 2020

Global EVENT GUIDE | 2020 GLOBAL MINING SYMPOSIUM

Presented by The Northern Miner

www.northernminer.com/gms2020

A global outlook for a global industry

T

he Canadian Mining Symposium went virtual in June and something wonderful happened; the world engaged. The idea was to “virtualize” our premier event, The Canadian Mining Symposium, which for years has brought the best of Canadian mining and exploration to the UK investment crowd. We were excited by the idea of not being constricted to the physical confines of four walls, as we knew this would allow us to bring the Symposium to a more diverse audience of investors…what we didn’t realize was how many of you were paying attention from around the world.

Over 2,000 Individuals from over 80 countries wound up participating in the Canadian Mining Symposium, and that inspiring fact made us think more globally for our next Symposium, a change in emphasis that is reflected in the new name. Mining and exploration readers, listeners and watchers from around the world we are pleased to bring to you The Northern Miner’s first Global Mining Symposium. The array of international speakers (several will be getting up very early or staying up late so that you can experience their live comments from Australia and Europe) and the slate of projects and innovations from all four corners of the globe will be on full display, not only for your viewing but also for you to engage with.

The live questions and responses of the last symposium was the other feature that completely energized our team. You, the audience, got right in there and both the quantity and quality of your questions made for a more lively virtual experience than we had ever envisioned. So kudos to all of you for being so on point. For our part we are only too happy to create a new opportunity for you to be informed but also to inform us.

Look forward to seeing and hearing from you all from September 1st to 3rd. Best regards!

Anthony Vaccaro, CFA

Group Publisher, The Northern Miner Group Mining Lead, Glacier Resource Innovation Group Glacier Media (GVC-T)Head of Global Mining, Glacier Resource Innovation Group

A rebound is on the horizon The impacts of the global pandemic has reduced both production and consumption of minerals and manufactured metal products globally.

As organizations across their global operations respond to emerge from the crisis, positioning operations for a future rebound will ensure they are well equipped to thrive in the post- COVID-19 world.

In collaboration with CRU Group, our energy and resources dashboard offers a clear, real- time understanding of key commodity prices and industry trends that can help mining organizations prepare for the eventual rebound.

Learn more: www.deloitte.ca/energy © Deloitte LLP and affiliated entities.

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MINING SYMPOSIUM

FEATURED SPEAKERS John Antwi

Founder, president and director, Elim Mining John Antwi is a mining executive with over 26 years of experience in mine technical and financial services and has a knack for identifying geologic assets with potential. John has expertise in implementing portfolio optimization initiatives and recommending project development opportunities to support corporate strategic objectives. He began his career providing geological services for a gold mining company in Africa and in his executive roles has overseen growth initiatives and mergers and acquisitions in the U.S. and Canada. Until Hecla’s acquisition of Klondex Mines, John was Klondex’s senior vice president for corporate development and planning. He is on the board of the American Exploration and Mining Association and has a degree in geological engineering from KNUST, Ghana, and a masters in mineral economics from the Colorado School of Mines.

Michelle Ash

CEO, GEOVIA – Dassault Systèmes Michelle Ash is the CEO of GEOVIA at Dassault Systèmes. She has made significant contributions to the mining sector with a focus on innovation strategy, technology and digital transformation. Previously she was chief innovation officer at Barrick Gold, where she looked at how innovation can drive productivity and how it can be harnessed to deliver alternative business models. Michelle began her career as a blasting engineer with Rio Tinto and has held operational roles in mining companies across commodities. Michelle remains focused on delivering sustainable solutions through digital transformation and the 3DEXPERIENCE platform. As Chair of the Global Mining Guidelines Group, Michelle has contributed to the development of best practices and guidelines for the implementation of technology and socially enabled changes in the mining industry. She was named to the 2016 list of “100 Global Inspirational Women in Mining” by Women in Mining UK and won the Technology Innovator of the Year Award by Mines and Technology in 2019. She has a degree in civil engineering, an executive MBA and a degree in psychology.

Robert Baylis

Managing director of Roskill Robert Baylis joined Roskill, a leading source on battery raw materials, in 2006, focusing initially on the cobalt market, and since 2008 on the lithium market. Robert has worked on Roskill’s published reports and single-client projects across the battery raw materials spectrum, as well as on technology metals, and critical and strategic minerals such as rare earths, scandium, tellurium and hafnium. Robert has presented widely on various topics concerning mineral and metal supply, end-use developments and trends.

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Due diligence

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MINING SYMPOSIUM

Paul Brink

President and CEO, Franco-Nevada Paul Brink is president and CEO and a director of Franco-Nevada. He has been with Franco-Nevada since its IPO in 2007. He served as president and chief operating officer from May 2019 to May 2020 and prior to that, successfully led Franco-Nevada’s business development activities as SVP Business Development. He previously had roles in corporate development at Newmont, investment banking at BMO Nesbitt Burns and project financing at UBS. Paul holds a Bachelor’s degree in mechanical engineering from the University of Witwatersrand and a master’s degree in management studies from Oxford University.

John Hathaway

Managing Director, Senior Portfolio Manager, Sprott Asset Management John Hathaway joined Sprott Asset Management in January 2020. He is a portfolio manager of Sprott Hathaway Special Situations Strategy and co-portfolio manager of the Sprott Gold Equity Fund. Previously, John joined Tocqueville Asset Management L.P. in 1997 where he was a co-portfolio manager of the Tocqueville Gold Fund, as well as other investment vehicles in the Tocqueville Gold Equity Strategy.

He was also the portfolio manager of private funds. Prior to joining Tocqueville, John co-founded and managed Hudson Capital Advisors followed by seven years with Oak Hall Advisors as the chief investment officer in 1986. In 1976, he joined the investment advisory firm David J. Greene and Company, where he became a partner. John began his career in 1970 as an equity analyst with Spencer Trask & Co. He earned a B.A. from Harvard College and an MBA from the University of Virginia. John was also the chairman of Tocqueville Management Corp., the general partner of Tocqueville. He also has a CFA.

Clive Johnson

President, CEO & Director, B2Gold Corp.

Clive Johnson is a founding shareholder of B2Gold Corp. and has served as president, CEO and director since its inception in November 2006, and leads the company’s executive team. From Northeast Russia to South Africa, Clive, through his leadership roles in B2Gold and predecessor company, Bema Gold Corp., has been involved in exploration and gold mining in 12 countries. Clive is recognized for combining his entrepreneurial business approach to the mining industry with one of the industry’s most experienced and successful teams of geologists and engineers. He is also well known for his commitment to corporate social responsibility. Based on his personal and professional credo of fairness, respect, transparency and accountability, Clive leads B2Gold’s commitment to improve the lives of all the company’s employees and local communities worldwide. Clive is a past recipient of both the Viola MacMillan Developer’s Award from the Prospectors & Developers Association of Canada and the Pacific Entrepreneur of the Year Award for Mining and Metals.

CONTINUED ON PAGE 4

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MINING SYMPOSIUM

FEATURED SPEAKERS Peter Marrone

Executive chairman, Yamana Gold Peter Marrone is the executive chairman of Yamana Gold Inc., which he founded in 2003. Peter has more than 30 years of mining, business, and capital markets experience. He has been on the boards of a number of public companies and has advised companies with a strong South American and North American presence. Prior to Yamana, Peter was the head of investment banking at a major Canadian investment bank and before that practiced law in Toronto with a strong focus on corporate law, securities law and international transactions.

Ronald-Peter Stoeferle

Managing partner, Incrementum AG Ronald-Peter Stoeferle is managing partner of Incrementum AG and responsible for research and portfolio management. Ronald studied business administration and finance in the U.S. and at the Vienna University of Economics and Business Administration. Upon graduation he joined the research department of Erste Group, where in 2007 he published his first In Gold We Trust report. Since 2013 he has been a reader at scholarium in Vienna, and he also speaks at Wiener Börse Akademie (the Vienna Stock Exchange Academy). In 2014, he coauthored the “Austrian School for Investors” and in 2019 “Die Nullzinsfalle” (The Zero Interest Rate Trap). He is an advisor for Tudor Gold, and on the advisory board of Affinity Metals. He is also an advisor to Matterhorn Asset Management.

Global

SEPTEMBER 1-3, 2020 VIRTUAL MINING & INVESTMENT CONFERENCE REGISTER FOR

FREE

!"#$%&'%(#")#*+(( '&,-).(/&0"(')0(1)$2( ,#$32'()4&55&2'5

www.northernminer.com/gms2020

FOCUS

!"#"$"%&'()*+%',%-".'$+/%"$0"#('#1%'2,% !-"345-$%#'()*+6(57"+2%.-58*(2%9%2"-1*:#1% .-5$;(:5#%54%&*2<*-5%&'()*+=

A LEADER IN INDIGENOUS PARTNERSHIP P PA R RTNERSHIP AND INCLUSION L LUSION ("#"$"#'()*+>(5?%@%ABC6DE!&!

TSX-V:AGO

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MINING SYMPOSIUM

AGENDA | DAY 1 - TUESDAY | SEPT 1, 2020 all times shown are Eastern Time (EDT)

10:00 AM The Northern Miner Welcome Remarks | Anthony Vaccaro, Group Publisher, The Northern Miner Group 10:10 AM SolGold Opening Remarks | Nick Mather, CEO, SolGold Plc Impact Investing Panel | The rise of Impact Investing and what it could mean for miners Moderator: Andrew Cheatle, Non-Executive Director/Director, Condor Gold plc./Troilus Gold Tom Butler, CEO, ICMM 10:15 AM Elizabeth Freele, Founder and Principal, 4P Solutions Inc. Christelle Kupa, Founder and Chief Executive, Uhusiano Capital George Salamis, President and CEO, Integra Resources Corp.

11:00 AM

Executive Presentation | Paul Brink, President and CEO, Franco-Nevada Corp.

Moderator: Anthony Vaccaro, Group Publisher, The Northern Miner Group

Rail-Veyor Presentation | 11:40 AM Jim Fisk, Executive Chairman, Rail-Veyor Technologies Global Inc. Lisa Youngblood, Executive Director of Marketing and Communications, Rail-Veyor Technologies Global Inc. 12:00 PM

Featured Speaker Presentation | Regional Supply Chains and Implications for Some Key Metals â&#x20AC;&#x201D; Robert Baylis, Managing Director, Roskill Moderator: Frik Els, Executive Editor, MINING.com

12:40 PM Canada Nickel Company Investor Presentation | Mark Selby, Chairman, CEO and Director, Canada Nickel Company Inc. 12:50 PM Newrange Gold Corp. Investor Presentation | Robert Archer, CEO and Director, Newrange Gold Corp.

1:00 PM

Auryn Resources Investor Presentation | Ivan Bebek, Executive Chairman and Director, Auryn Resources Mike Timmins, President, CEO and Director, Fury Gold Mines

Deloitte Thought Leadership Panel | Shifting from Commitments to Action, How Sustainability Is Shaping the Modern Mining Company Moderator: Henry Stoch, Canadian Sustainability and Climate Change Leader, Deloitte 1:20 PM Marcia Smith, Senior Vice President, Sustainability and External Affairs, Teck Resources Ian Pearce, Chair and Independent Director, Hattrick Resources 2:05 PM Sokoman Minerals Corp. Investor Presentation | Tim Froude, President, CEO and Director, Sokoman Minerals Corp.

2:10 PM New Age Metals Investor Investor Presentation | Harry Barr, Chairman, CEO and Director, New Age Metals Inc. 2:25 PM Renforth Resources Investor Presentation | Nicole Brewster, President and CEO, Renforth Resources Inc. 2:40 PM Closing Remarks

TORONTO STOCK EXCHANGE AND TSX VENTURE EXCHANGE

Global Leaders in Mining #1

in Listed Mining Companies Globally

#1

in Mining Capital Raised Globally*

To learn more about listing on our markets, visit mining.tsx.com or contact mining@tmx.com or call +1 416 947-4477.

mining.tsx.com *Six-year period ending December 31, 2019.

Data as at December 31, 2019. Source: TSX/TSXV Market Intelligence Group and S&P Global Market Intelligence. Š2020 TSX Inc. All rights reserved. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this document/presentation and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. TMX, the TMX design, TMX Group, Toronto Stock Exchange, TSX, TSX Venture Exchange, and TSXV are trademarks of TSX Inc.

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mining symposium

AGENDA | Day 2 - Wednesday | Sept 2, 2020 all times shown are Eastern Time (EDT)

10:00 AM The Northern Miner Welcome Remarks | Anthony Vaccaro, Group Publisher, The Northern Miner Group 10:15 AM SolGold Opening Remarks | Nick Mather, CEO, SolGold Plc 10:20 AM

Featured Speaker Presentation | Ronald-Peter Stoeferle, Managing Partner and Fund Manager, Incrementum AG Moderator: Alisha Hiyate, Editor, Canadian Mining Journal

11:00 AM Cobalt Blockchain Investor Presentation | Lance Hooper, President and COO, Cobalt Blockchain Inc. 11:10 AM Sokoman Minerals Corp. Investor Presentation | Tim Froude, President, CEO and Director, Sokoman Minerals Corp.

11:15 AM

Executive Presentation | Peter Marrone, Executive Chairman, Yamana Gold Inc. Moderator: Trish Saywell, Editor-in-Chief, The Northern Miner

Rail-Veyor Presentation | 11:55 AM Jim Fisk, Executive Chairman, Rail-Veyor Technologies Global Inc. Lisa Youngblood, Executive Director of Marketing and Communications, Rail-Veyor Technologies Global Inc. 12:00 PM Renforth Resources Investor Presentation | Nicole Brewster, President and CEO, Renforth Resources Inc. 12:20 PM Golden Arrow Investor Presentation | Brian McEwen, VP Exploration and Development, Golden Arrow Resources Corporation 12:40 PM Wallbridge Mining Investor Presentation | Marz Kord, President, CEO and Director, Wallbridge Mining Company Limited 12:52 PM 1:00 PM

Auryn Resources Investor Presentation | Ivan Bebek, Executive Chairman and Director, Auryn Resources Mike Timmins, President, CEO and Director, Fury Gold Mines TMX Group Thought Leadership Panel | John Hathaway, Managing Director, Senior Portfolio Manager, Sprott Asset Management Moderator: Dean McPherson, Head of Business Development, TMX Group

1:40 PM Pelangio Exploration Investor Presentation | Ingrid Hibbard, President and CEO, Pelangio Exploration Inc 1:50 PM Newrange Gold Corp. Investor Presentation | Robert Archer, CEO and Director, Newrange Gold Corp.

2:00 PM

Executive Presentation | Michelle Ash, CEO, GEOVIA – Dassault Systèmes Moderator: Carl A. Williams, Senior Reporter, The Northern Miner

2:40 PM Closing Remarks

DELIVERING A GENERATIONAL PROJECT FOR CANADA AND THE GLOBAL ENVIRONMENT

AERIAL VIEW CORE PROCESSING

NexGen Energy Ltd. is developing the strategic Arrow uranium deposit located

CORELAND AT SUNSET

in the Athabasca Basin, Saskatchewan, Canada.

The Arrow Deposit is the largest to be developed uranium project in Canada and is capable of becoming the world’s largest and lowest cost uranium mine.

Developing the Arrow Deposit will deliver outstanding long-term economic and social benefits to the local communities, people of Saskatchewan and Canada, while restoring Canada as a global leader in the delivery of clean energy fuel.

CAMP CORELAND

CONTACT:

Travis McPherson, SVP Corporate Development tmcpherson@nxe-energy.ca 604.428.4112

www.nexgenenergy.ca TSX:NXE | NYSE: NXE

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AGENDA | DAY 3 - THURSDAY | SEPT 3, 2020 all times shown are Eastern Time (EDT)

10:00 AM The Northern Miner Welcome Remarks | Anthony Vaccaro, Group Publisher, The Northern Miner Group 10:15 AM Golden Birch Resources Investor Presentation | Alan Martin, President and CEO, Golden Birch Resources 10:25 AM Renforth Resources Investor Presentation | Nicole Brewster, President and CEO, Renforth Resources Inc. SRK Thought Leadership Panel | Feasibility Studies: Value Add or Necessary Evil?

Moderator: Mark Noppé, Managing Director and Corporate Consultant (Geology), SRK Consulting 10:30 AM Dr. Catharine Farrow, Chair, Exiro Minerals Corp.

Michael Spreadborough, CEO, Metals X Limited 11:16 AM

Auryn Resources Investor Presentation | Ivan Bebek, Executive Chairman and Director, Auryn Resources Mike Timmins, President, CEO and Director, Fury Gold Mines

11:29 AM

Featured Speaker Presentation | John Antwi, President and Director, Elim Mining Limited Moderator: Anthony Vaccaro, Group Publisher, The Northern Miner Group

11:54 AM AurCrest Gold Investor Presentation | Ian A. Brodie-Brown, Director of Business Development, AurCrest Gold Inc. Rail-Veyor Presentation | 12:15 PM Jim Fisk, Executive Chairman, Rail-Veyor Technologies Global Inc. Lisa Youngblood, Executive Director of Marketing and Communications, Rail-Veyor Technologies Global Inc. 12:20 PM NexGen Energy Investor Presentation | Travis G. McPherson, Senior Vice President, Corporate Development, NexGen Energy Ltd. 12:30 PM Sokoman Minerals Corp. Investor Presentation | Tim Froude, President, CEO and Director, Sokoman Minerals Corp.

1:00 PM Newrange Gold Corp. Investor Presentation | Robert Archer, CEO and Director, Newrange Gold Corp.

1:05 PM

Executive Presentation | Clive Johnson, President, CEO and Director, B2Gold Corp.

Moderator: Cecilia Jamasmie, Senior Editor, MINING.com

2:55 PM Closing Remarks

Keveri Copper-Gold Porphyry Project

High grade copper float Waki Prospect, 3.88% Cu. 2019 discovery

by GBRX at Keveri Project

Exploring for the next Tier-1 Cu-Au Deposit in Papua New Guinea www.goldenbirchresources.ca CNSX: GBRX

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THOUGHT LEADERSHIP PANELS TUES | SEPT 1 | 10:15AM

The rise of Impact Investing and what it could mean for miners

Moderator

Panelists

Andrew Cheatle Non-Executive Director/ Director Condor Gold/Troilus Gold

Tom Butler CEO ICMM

Elizabeth Freele Founder and Principal 4P Solutions Inc.

TUES | SEPT 1 | 1:20PM

Shifting from Commitments to Action

Moderator

Panelists

Christelle Kupa Founder and Chief Executive Uhusiano Capital

George Salamis President and CEO Integra Resources Corp.

How Sustainability Is Shaping the Modern Mining Company

At Deloitte, we see a ‘Connected energy future’, where we’re all in it together, with a common purpose, and each with a clear role to create our new energy world.

Henry Stoch Canadian Sustainability and Climate Change Leader Deloitte

Marcia Smith Senior VP, Sustainability and External Affairs Teck Resources

WED | SEPT 2 | 1:00PM

Interview with John Hathaway of Sprott Asset Management

Moderator

Panelist

Dean McPherson Head of Business Development TMX Group

THUR | SEPT 3 | 11:00AM Moderator

Ian Pearce Chair and Independent Director Hattrick Resources

We understand the challenges and opportunities the future of energy brings and actively help our clients accelerate impact on their markets, stakeholders and society. Deloitte is ideally placed to take a leading role in connecting the ecosystem of businesses, innovators, regulators and thought leaders that will make this change possible. Through our scale and sector knowledge, we leverage the connected strength of our strategy, implementation, innovation and social solutions to create the right value balance for our clients.

John Hathaway Managing Director, Senior Portfolio Manager Sprott Asset Management

The TMX Group operates the Toronto Stock Exchange and the TSX Venture Exchange. The two exchanges are dynamic marketplaces to access the capital and liquidity that drives the growth of the global mining industry. The Toronto Stock Exchange and the TSX Venture Exchange list more mining companies than any other market in the world. As a result, the exchanges have the most diversified roster of public mining companies by commodity and stage of development. These companies benefit by having greater access to capital, visibility and analyst coverage.

Feasibility Studies

Value Add or Necessary Evil?

Panelists

Mark Noppé Dr Catharine Farrow Managing Director and Chair Corporate Consultant (Geology) Exiro Minerals Corp.

SRK Consulting

We are an independent, international consultancy providing focused advice and solutions to clients, mainly in the earth and water resource industries.

Michael Spreadborough CEO Metals X Limited

For mining projects, we offer services from exploration to mine closure. Our specialists are leaders in fields such as due diligence, technical studies, mine waste and water management, permitting, and mine rehabilitation. Applying their extensive knowledge and experience, our consultants develop innovative approaches and practical techniques that meet clients’ unique needs and financial objectives. Among our clients are many of the world’s major, medium-sized, and junior metal and industrial mining houses, exploration companies, financial institutions, construction firms, and government departments.

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PRESENTING COMPANY PROFILES Auryn Resources is a technically driven, well-financed junior exploration company focused on finding and advancing globally significant precious and base metal deposits.

The company built a portfolio of six projects in Canada and Peru containing gold, silver and copper resources and exploration targets. In July 2020, Auryn announced its intention to spin out its Peruvian assets into two new companies and acquire Eastmain Resources, creating a Canadian gold-focused exploration and development company to be renamed as Fury Gold Mines. Upon closing of the spinout and acquisition transactions, expected in October 2020, Fury’s three core assets will comprise Eau Claire in Quebec, Committee Bay in Nunavut and Homestake Ridge in British Columbia. Auryn shareholders, invested prior to the completion of the transactions, will become RESOURCES shareholders of Fury and will also receive shares in the two new Canadian spin out companies, one holding the Sombrero copper-gold project, and the other holding both the Curibaya silver-gold project and Huilacollo gold project. Auryn’s technical and management teams have an impressive track record of successfully monetizing assets for all stakeholders and local communities in which it operates. Auryn conducts itself to the highest standards of corporate governance and sustainability.

Newrange Gold is a junior explorer focused on the high-grade Pamlico Project in the prolific Walker Lane Trend of western Nevada. Once one of the highest-grade gold mining districts in Nevada, the property has been in private hands since 1896 and has seen very little modern exploration. More than 300 entrances to the old mine workings provide access to a wealth of information and Newrange has been surveying and sampling these as a guide to the drilling program now underway. Multiple targets exist across the 2,548 hectare property and high-grade gold within broader lower grade zones have already been identified. Near-surface oxidized rock has excellent metallurgy and will be amenable to low-cost open pit mining and heap leach processing. Newrange has recently added a second project in the active Red Lake Mining District of northwestern Ontario. The Red Lake greenstone belt has a prolific mining history and is the focus of current successful exploration activity. Newrange’s North Birch project encompasses 3,850 hectares in the northern part of the Birch-Uchi greenstone belt, to the east of Red Lake, which has seen less exploration due to limited access. The project is modeled after the 8+ million ounce Musselwhite mine owned and operated by Newmont Goldcorp, about 190 kilometres to the northeast. Through the monetization of non-core assets and the exercise of warrants and options, Newrange is fully funded for its exploration programs in 2020 and into 2021. The company is led by a team of successful company builders and mine finders

Rail-Veyor Technologies Global Inc. was awarded First Place in the Colorado Cleantech Industries Association 2020 Mining Cleantech Challenge in July. Rail-veyor® is the premier solution for material haulage offering an emission-free, battery-free, and autonomous technology. RVTG offers complete bulk material handling worldwide to industries looking for an innovative way to move industrial, mining, or agricultural products over long distances.

This includes complex routes covering difficult surface topographies as well as underground mining applications. Using our expertise and understanding of existing and emerging technologies, we help modern mines to uncover the riches of the earth safely, cleanly, and profitably by integrating the best components from our own portfolio and our partner ecosystem to deliver efficient solutions. In addition to the hardware which utilitizes the best attributes of trucks, rail, and conveyors without diesel emissions, battery charging facilities, and heavy infrastructure, the Rail-Veyor system includes software programmed by our engineering department specifically for each application. This allows the system to be TrulyAutonomous™ and monitored from anywhere. The Rail-Veyor international headquarters and McCall Testing Facilities are located in Sudbury, Ontario. The Technology Center and United States regional office is located in Houghton, Michigan. Rail-Veyor has installed seven systems globally.

Renforth Resources (CSE: RFR) is an asset deep junior, fully funded (upon closing of a sale transaction) to drill and add value to our five property portfolio, specifically the Parbec Gold open pit deposit on the Cadillac Break, adjacent to the Canadian Malartic mine, with no additional dilution. The minimum C$8 million which will be banked upon closing of the sale will fund a significant drill program designed to increase the size and depth of the relatively shallow Parbec Gold deposit, which neighbours Canada’s largest open pit gold mine. Renforth has also made polymetallic discoveries and acquisitions adjacent to Canadian Malartic on two of its properties of copper, silver, nickel, PGMs and zinc mineralization, along with gold. Near term Renforth will drill at Parbec and continue exploration on the polymetallic properties, all with no public financings anticipated in the foreseeable future.

Sokoman Minerals Corp. (TSX.V: SIC) is a well-funded discoveryoriented company with a flagship Moosehead project located on the structural corridor hosting Marathon Gold’s (TSX: MOZ) Valentine Lake project with estimated proven and probable mineral reserves of 1.87 Moz and total measured and indicated mineral resources of 3.09 Moz and growing. Moosehead generated a lot of buzz not only provincially but countrywide when the first hole drilled on the property intersected almost 12 metres of 44.96 g/t gold, followed by several successful phases of drilling and investment by Eric Sprott, who is the company’s largest shareholder. To date, Sokoman has drilled 123 holes in five phases totalling almost 28,000 metres, many of them showing visible gold and high grades. An aggressive phase six drilling program will commence in September 2020 with a planned meterage of 10,000 metres. The program will test the structural mineralization at a deeper level and also proportionally address the potential of the South Pond area which includes merging the winter magnetic survey with the new float samples. Moosehead’s high grades, mineral composition and the rock’s age resemble Kirkland Lake’s Fosterville deposit in Australia, one of the world’s highest-grade gold mines. Sokoman also has other early-stage gold projects (Crippleback Lake & East Alder) and an iron ore project (Iron Horse) that are open for JV opportunities.

SolGold is a leading exploration company focussed on the discovery and definition of world-class copper-gold deposits.

SolGold has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper Belt, home of multiple Tier 1 copper and gold projects and half of the world’s copper resources. SolGold has the right team, track record and resources to succeed.

AurCrest Gold Inc, is an exploration company that has strengthened its market position by working together with First Nations on gold exploration and forest carbon offsets. Our excellent gold projects in the world class Red Lake camp (Ranger & Richardson) are ready to drill this winter. The Ranger lake project sits 5 kms from the Campbell mine processing facility. This top target in the Red Lake Gold camp has only recently been identified and remains untested. Richardson Lake on the east side of the Trout Bay pluton is another drill ready project, the company is “on the gold’ here, having hit in both preliminary drill programs.

This project is ready to host a major drilling effort to define ounces, grade and tonnage. AurCrest Gold is also a pioneer in the forest carbon harvest business. Signing Canada’s first forest offset revenue sharing royalty with Star Royalties Ltd the company has developed a significant new revenue generating business. From cutting edge geophysics to using artificial intelligence (AI) in target definition, from developing corporate standards of inclusion to recognizing the concerns of the modern capitalist - find out how we are reinventing the resource business at www.aurcrest.ca

Canada Nickel Company Inc. is advancing the next generation of nickelcobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZeroIronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products.

Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt sulphide project in the heart of the prolific Timmins-Cochrane mining camp.

Cobalt Blockchain Inc. (TSX-V: COBC) is a Canadian resource company expanding its exploration and development business to include cobalt assets in the Democratic Republic of the Congo; it holds processing and export licenses for 3T, copper and cobalt from the DRC. COBC is the first mining and mineral trade company set up specifically to procure cobalt in compliance with the Organisation for Economic Co-operation and Development due diligence framework. COBC has developed and is implementing a blockchain-based traceability and reporting platform to provide greater certainty of provenance and further assurance that all minerals procured are ethically-sourced. Senior management have over twelve years of experience working in the DRC and a proven international track record in exploration success and the trading of certified conflict-free, child-labour-free minerals.

Golden Arrow is a Vancouver-based explorer with a history of success in identifying, acquiring and advancing precious and base metal discoveries. The company is a member of the Grosso Group, a resource-focused management group that pioneered the mineral exploration industry in Argentina and has operated there since 1993. The Grosso Group, headed by Joseph Grosso, is credited with four exceptional mineral deposit discoveries, and has a highlyregarded track record for fostering strong relationships with communities and governments wherever it works. The Grosso Group leverages its vast network of local, regional and international industry contacts to support the exploration team as they search for quality resource opportunities. Golden Arrow advanced its Chinchillas silver project in Jujuy province, Argentina, from discovery to development in just five years, and then successfully monetized the asset through a sale to SSR Mining.

Golden Arrow now benefits from a significant equity interest in SSR Mining,

providing upside potential and leverage to gold and silver. The company is actively exploring in Chile and Paraguay as well as in Argentina. With a pipeline of more than 180,000 hectares of high quality mineral projects at all stages of development, the company is well positioned to define and develop exceptional new deposits.

Golden Birch Resources is a copper-gold Canadian exploration company, listed on the CSE on March 2, 2020 primarily exploring it’s Keveri Property located 200 km southeast of Port Moresby, PNG. Since August 2018 with the signing of an option agreement to earn in 85% of the exploration license, the company has raised $5.1 million and advanced exploration on the Keveri project. There are now four main targets on the property which have copper porphyry characteristics due in part to the favourable location along the intersection of the longitudinal PNG Mobile Fold Belt and local NE trending Transverse Faults which are common to many of the large copper-gold deposits found in PNG. The main target, Omu is drill ready with the completion of detailed soil, rock sampling, mapping and an IP Survey.

Drilling preparation is underway with drilling expected to commence this Fall 2020. There are three other favourable targets on the property which the company has advanced, Waki, Urua-Everi and Daro/Araboro. The company has an experienced board of directors and advisors. Golden Birch also has a technical team comprised of PNG nationals and geologists from the South Pacific region. Throughout the exploration program the company has hired many local workers and has a supportive and constructive relationship with the Local landowners. The company strategically is working towards outlining a deposit at the Keveri Property which will build shareholder value.

New Age Metals Inc. is a junior mineral exploration and development company focused on the discovery, exploration and development of

green metal projects in North America.

The company has two divisions; a Platinum Group Metals division and a Lithium/Rare Element division. The PGM division includes the 100% owned River Valley project, one of North America’s largest undeveloped primary palladium projects, situated 100 km from Sudbury, Ontario as well as the Genesis PGM project in Alaska. The lithium division is the largest mineral claim holder in the Winnipeg River Pegmatite Field, where the company is exploring for hard rock lithium and various rare elements such as tantalum and rubidium. Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production. The company is actively seeking an option/ joint venture partner for its road-accessible Genesis PGM project in Alaska and for our Lithium division in Manitoba.

NexGen is a well-funded exploration and development company with a portfolio of high-impact projects across the Athabasca Basin. Its portfolio is centered in the large-scale southwestern Athabasca Basin where NexGen holds over 209,000 hectares of land. NexGen’s southwestern properties host the highgrade Arrow deposit discovery (made February, 2014), the South Arrow discovery (made July, 2017) the Harpoon discovery (made August, 2016), the Bow discovery (made March, 2015) and the Cannon area (discovered April, 2016) all located on the company’s 100% owned Rook I property. NexGen is led by a team of experienced uranium industry professionals with expertise in exploration, corporate finance and mine development.

Pelangio Exploration Inc. (TSXV: PX) is a mineral exploration company currently developing the value of its gold exploration and resource projects located in Ghana and Ontario, Canada. The company’s exploration properties are leveraged by a project generator model which aids the company in sustaining the costs associated with geological study,

corporate governance, and exploration field work. The company’s most wellknown project generation success was the acquisition, exploration, re-envisioning, and subsequent sale of the Detour Lake deposit in Northern Ontario to Detour Gold Corporation. This property is now a long life, large-scale open pit mining operation with reserves of over 16 million ounces of gold. Through an innovative approach to corporate structure, Pelangio’s President and CEO, Ingrid Hibbard, negotiated a deal in which Pelangio sold the project for 20 million shares (a 50% interest in Detour Gold Corp). This strategy allowed for Pelangio’s early shareholders to realize extraordinary returns. A purchaser of Pelangio Mines Inc. shares in January 2004 might have paid $0.10 per share. By late 2010, with Detour Gold at $30 and Pelangio Exploration at $1.00, those original shares would have been worth $8.70, a remarkable 8600% return on the initial investment. Pelangio acquires strategic projects in prolific gold mining jurisdictions and is advancing its key projects located very close to major producers.

Wallbridge Mining Company Ltd. is an advanced exploration-development company focused on advancing the development of its flagship high-grade Fenelon gold project in northern Québec.

Since acquiring the project in 2016, Wallbridge has demonstrated the project’s potential to host a multi-millionounce gold deposit and the first mineral resource is expected by mid-2021.

Wallbridge has expanded the Fenelon project with the strategic acquisition of Balmoral Resources and now controls a district-scale land position along the Detour-Fenelon Gold Trend, a major structure that hosts the Detour Lake gold mine to the west in Ontario. Wallbridge also has a strong pipeline of exploration projects to drive long-term organic growth and meet its objective of becoming a gold producer. In addition, Wallbridge, mainly through a number of joint ventures, has an interest in a large portfolio of nickelcopper-PGM projects in Ontario’s Sudbury Basin.

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PRESENTERS Robert (Bob) Archer • CEO and director, Newrange Gold Corp.

Robert Archer has more than 40 years of experience in the mining industry, working throughout North America and Peru. After spending more than 15 years with major mining companies, Robert held several senior management positions in the junior mining sector and co-founded Great Panther Mining, now a mid-tier precious metals producer. He served as president, CEO and a director of Great Panther from 2004-2017. Robert joined Newrange Gold as a director in March 2018 and was appointed CEO in January 2019. Robert is a professional geologist and holds an Honours BSc from Laurentian University in Sudbury, Ontario.

Harry Barr • Chairman, CEO and director, New Age Metals Harry Barr has over 40 years of experience in the mining industry managing public companies. Currently Harry is the chairman and CEO of New Age Metals and El Nino Ventures. He is also on the board of directors of both companies. Harry has created shareholder value by building teams to assist him in corporate finance, project acquisition, and exploration and development of mineral projects in nine countries and three continents. As a CEO, he has guided his management teams to complete over 43 option joint venture agreements with major mining companies, and over 300 with mid-tier and junior mining companies. Harry and his team have raised approximately $300 million in non-brokered private placements, other equity arrangements and option joint venture agreements.

Ivan Bebek • Executive chairman and director, Auryn Resources Ivan Bebek is executive chairman and a director of Auryn Resources. He has over 20 years of experience in mineral project development, financing and exit strategies. Previously, he was co-founder, president and CEO of Cayden Resources, which was sold to Agnico Eagle Mines in November 2014 for $205 million. He also co-founded Keegan Resources (now Galliano Gold). He is also a co-founder, cochairman and a director of Torq Resources, formerly known as Stratton Resources.

Nicole Brewster • President and CEO, Renforth Resources Inc. Nicole Brewster brings an early career in capital markets and a successful private practice as an exploration contractor, experienced in acquiring and leveraging data to execute targeted exploration within budget for clients. This supported a re-invigoration of Renforth, today with six mineralized assets, including two open pit gold resources on Quebec’s Cadillac Break. In addition to assembling a compelling land package for Renforth, Nicole has signed an LOI to sell the New Alger asset at a profit for shareholders. This transformative first will, upon closing, have Renforth fully funded for the foreseeable future, able to focus on adding value to the rest of the portfolio, specifically the Parbec open pit gold resource, with no additional dilution.

Ian A. Brodie-Brown • Director of business development, AurCrest Gold Ian Brodie-Brown has spent his career in the resource business and worked around the globe representing the mining profession as an executive and as a consultant. Participating in the establishment of an annual forest carbon harvest business in partnership with Canada’s First Nations is one of the highlights of his career. Whether working in Afghanistan for the U.S. government’s task force for business stability operations or creating a First Nations exploration company, Ian is always looking for the next great opportunity in the resource business.

LSE & TSX : SOLG SOLGOLD.COM.AU AN EMERGING COPPER GOLD MAJOR IN ECUADOR

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Tom Butler • Chief Executive Officer, International Council on Mining and Metals (ICMM) Tom Butler has been the CEO of ICMM since July 2015. Before that, he spent 18 years with the International Finance Corporation (part of the World Bank Group) on the infrastructure and natural resource teams, focused mainly on mining and power projects in Africa.

From 2011, Tom was IFC’s global head of mining, where he led a multi-disciplinary team of specialists for IFC’s financing of mining and exploration and development in emerging market countries.

Andrew Cheatle • Mining Executive Andrew Cheatle is an experienced geoscientist, seasoned CEO and director within the mining industry. A professional geoscientist and graduate of the Royal School of Mines, Imperial College, London, Andrew’s 30-plus-year international career has encompassed the senior and junior mining sectors. Based in London (UK) and Toronto (Canada), he is a sought-after advisor to the minerals industry, specializing in technical assessments, corporate development, and investments. Andrew sits on the board of Condor Gold plc and Troilus Gold, and also volunteers on the advisory councils of the Development Partner Institute, the Canada-International Finance Corporation, Africa Local Economic Development Partnership and as a director of International Women in Mining. He is passionate about the mining industry’s role in community and national development.

Jim Fisk, Executive Chairman • Rail-Veyor Technologies Global Inc. Jim Fisk has an extensive background in engineering, manufacturing, and entrepreneurship and has been executive chairman of Rail-Veyor Technologies Global Inc. since July 2011. Prior to joining RVTG, Jim served as vice president–chief mechanical officer at Kansas City Southern; vice president continuous improvement at Electro-Motive Diesels, Inc.; president and chief operating officer at National Railway Equipment Company; and executive vice president at Wisconsin Central, where he had responsibilities for North America, Europe and Australia.

Elizabeth Freele • Founder and principal of 4P Solutions Inc. Elizabeth Freele is a sustainability strategist and impact investor and is driven by the innate potential of business to tackle humanity’s biggest challenges. A self-proclaimed Conscious Capitalist, her mining industry work supports junior explorers to mature mid-tier producers from the field to the boardroom in developing future-ready corporate responsibility and risk management approaches. As CEO of boutique consultancy 4P Solutions Inc., her geographic reach includes the Americas, Africa, Europe and the Middle East. Outside the industry, Elizabeth is a senior associate with venture capital firm Active Impact Investments, advancing seed-stage tech companies that reduce GHG emissions through smarter resource consumption. Elizabeth holds an MBA from IE Business School, a certificate in sustainable business strategy from Harvard Business School, and a bachelor’s degree in political science and global development from Western University.

Dr. Catharine Farrow • Chair, Exiro Minerals Corp.

Dr. Catharine Farrow is a professional geoscientist (APGO) and accredited corporate director (ICD.D). She currently serves as an independent director of Franco-Nevada Corporation, Eldorado Gold Corporation, and Centamin PLC, is chair of the board of Exiro Minerals Corp., and is the inaugural member of the advisory board of Behr Technologies Inc., an Industrial IoT technology company.

Catherine is president of FarExGeoMine Ltd, a member of the Metrolinx Capital Oversight Subcommittee, and a program director of the Osgoode Mining Law Program at York University. From 2012 to 2017, she was founding CEO, director and co-founder of TMAC Resources Inc., the first producing gold miner with operations in Canada’s High Arctic. Before TMAC, she was COO of KGHM International (formerly Quadra FNX Mining Ltd.). Prior to this she held multiple senior executive roles in a wide range of disciplines including operations, technical services, corporate development and exploration. Catharine has been honoured with the Acadia University Distinguished Alumni Award for 2020, as one of the 100 Global Inspirational Women in Mining (2015 and 2018) and is a past recipient of the William Harvey Gross Medal of the Geological Association of Canada (2000).

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ELEMENTS OF SUCCESS TTHE RIGHT ROCKS THE RIGHT LOCATION THE RIGHT TIME

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PRESENTERS Tim Froude •

President, CEO and director of Sokoman Minerals Corp.

Tim Froude is a graduate of Newfoundland’s Memorial University and has been active in the mineral exploration business for over 30 years. Over that time, he has worked with a number of companies including Inco Ltd., where he spent nearly 10 years working on projects in North America and overseas and was part of the team that discovered the Bobby’s Pond massive sulphide deposit in central Newfoundland. Tim was also involved in the discovery of the Valentine Lake gold deposit in Central Newfoundland, which is currently being advanced by Marathon Gold. Over the course of his career, Tim has worked for a number of successful junior companies including Altius Minerals, Cornerstone Resources, Crosshair Exploration and Mining Corp. and Golden Dory Resources, the latter three companies as vice president of exploration. He also spent a year serving as executive director of the Newfoundland and Labrador Chamber of Mineral Resources, now Mining NL.

Ingrid Hibbard •

President and CEO of Pelangio Exploration

Ingrid Hibbard is a mining CEO with over 30 years of experience spanning all facets of the industry from early-stage exploration to mine development and production. Her achievements include negotiating the acquisition of the Detour gold mine property for Pelangio Larder Mines and participating in founding Detour Gold Corp. Ingrid also negotiated the acquisition of a district-size land package in Ghana, adjacent and on strike with the Obuasi mine owned by AngloGold Ashanti. Hibbard began her career in mining by practicing corporate and securities law with clients that included multi-national mining operations to mineral exploration companies and individual prospectors.

Lance Hooper •

President and Chief Operating Officer, Cobalt Blockchain

Over the past twenty years Lance has played key roles as both an early employee and as a founder for emerging technology and mining companies. For the last decade Lance has held senior corporate positions and served as a director with private and public mining companies working in Canada, Peru, Afghanistan and the DRC. Since 2015 Lance has been the driving force behind a commodity trading venture specializing in ethically-sourced tin, tantalum, tungsten — and now cobalt — originating from artisanal and small-scale mine sites in the DRC.

Marz Kord •

President, CEO and director of Wallbridge

Marz Kord is a mining engineer with over 30 years of experience in mining operations and project management. Prior to joining Wallbridge in 2011, he held the position of executive vice president, global mining for Genivar Inc., a large Canadian firm, (now WSP Global), where he led the development and growth of the company’s domestic and international mining profile. During the early part of his career with Falconbridge Ltd., Marz was involved in mining operations in both Sudbury and Timmins. His expertise includes managing large, multidisciplinary teams of engineers and operators as well as extensive experience in developing strategic growth plans and in mergers and acquisitions.

Christelle Kupa • Founder and CEO of Uhusiano Capital After years in investment banking where she worked on financial assets and instruments, Christelle Kupa decided to reorient her career towards impact investing and in 2016 founded Uhusiano Capital as an enterprise devoted to “real people, real projects, real assets, real impact.” Today Christelle is an internationally recognised leader in impact investment and Uhusiano Capital facilitates better business in the African impact investing sector, with a particular focus on agriculture and the economic empowerment of women. She is also an advocate and lecturer on sustainable impact capitalism and community bridging through business and bottom-up leadership. Christelle is Belgian-Congolese and has a degree in business and finance from Westminster University. She speaks French, Flemish, English, along with some basics of Swahili and Lingala.

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Alan Martin • President, CEO and Managing Director of Golden Birch Resources Alan Martin is the CEO of Golden Birch Resources, an exploration company with a joint venture on exploration licenses prospective for copper-gold porphyry deposits southeast of Port Moresby. Between May 2013 and May 2015, Alan was CEO and managing director of SolGold plc., and focused on the company’s Cascabel copper-gold project in Ecuador. He was a founding director of Atlas Resources, which in July 2015 secured an option to acquire 100% of the Red Mountain VMS property from Metallogeny Inc. In early 2016, White Rock Minerals, an Australian junior mining announced a share for share merger with Atlas Resources. In 1995, Alan was a founding director of Austminex NL, initially a private exploration company that raised $8 million in a public offering in 2000. Austminex took its flagship asset, the Benambra VMS deposit in Victoria, Australia from advanced stage to bankable feasibility study in 2003. Earlier in his career Alan worked as a mining and metals analyst. He has a degree in geology from Lakehead University in Thunder Bay, Ontario.

Nick Mather • CEO of SolGold Nick Mather is the CEO of Ecuador-focused SolGold and has 35 years of experience in exploration and resource company management in a variety of countries. He was managing director of BeMaX Resources (1997-2000) and instrumental in the 1998 discovery of the Ginkgo mineral sand deposit in the Murray Basin. As an executive director of Arrow Energy until 2004, Nick drove the acquisition and business development of Arrow’s large Surat Basin coal bed methane project in Queensland. He also was managing director of Auralia Resources, a junior gold explorer, before its US$23 million merger with Ross Mining in 1995. He was a non-executive director of Ballarat Goldfields until 2004, and was founder and chairman of Waratah Coal until its $130 million takeover by Minerology Pty Ltd. in 2008. Nick is also managing director of DGR Global Ltd. and sits on a number of boards.

Brian McEwen • Vice President Exploration and Development, Golden Arrow Resources Brian McEwen is a professional geologist with more than 30 years of exploration and production experience in open-pit and underground mining projects and operations. The extent of his experience is global in managing numerous projects in Canada, the U.S., Europe, Asia, Africa and throughout Latin America. Brian’s previous roles include more than a decade with MRDI (AMEC Peru), where he was responsible for project management, economic resource and reserve calculations for various precious and base metal companies worldwide, including BHP Billiton, CM Antamina, Teck, Hochschild and Phelps Dodge, among others.

Dean McPherson • Head of Business Development at TMX Group Dean McPherson is responsible for the development and execution of the global strategy for attracting new listings in the mining sector to the Toronto Stock Exchange and TSX Venture Exchange. Prior to the TSE, Dean worked as an investment banker, assisting mining companies to meet corporate finance and growth objectives. Before joining the capital markets, he worked for 10 years as a civil engineer, managing capital projects for a major international diversified mining company and a major international engineering services firm.

Travis McPherson • Senior Vice President, Corporate Development at NexGen Energy Travis McPherson has worked in the mining industry for ten years and joined NexGen Energy in 2014. As NexGen’s senior vice president corporate development, he has played an integral role in raising $300 million for the company to date. Prior to NexGen, Travis was head of corporate development for a TSX-listed gold producer and developer where he was involved in a variety of corporate mandates including corporate strategy and budgeting, M&A, as well as mine permitting, feasibility, financing across the capital structure and construction. He began his career in the natural resources group of an independent boutique Canadian investment bank. He has a Bachelor of Commerce degree from the University of British Columbia’s Sauder School of Business.

Big Structures. Big Gold.

High-grade Moosehead Gold Project, a Fosterville look-alike in Central Newfoundland, Canada’s new hot mining district.

Sokoman Minerals Corp.

CHF Capital Markets

Timothy Froude, P.Geo. T: 709.765.1726 E: tim@sokomanmineralscorp.com

Cathy Hume T: +1.416.868.1079 x231 E: cathy@chfir.com

TSX.V: SIC | OTCQB: SICNF | www.sokomanmineralscorp.com

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WWW.NORTHERNMINER.COM

PRESENTERS Mark Noppe • Managing director and corporate consultant (geology) at SRK Consulting Mark Noppe has over 30 years of experience in geosciences and the mining industry working in operations and project assessments. As a consultant, Mark provides technical advice, mine and project reviews, process improvement studies and due diligence and audits. In addition, he provides training and mentorship in orebody knowledge—from exploration reporting, resource definition and reporting, mine geology, grade control and mine reconciliation, to inputs on reserves and feasibility studies. Mark is a fellow of the AusIMM and a chartered professional (geology).

Ian Pearce • Chairman of the board of Hattrick Resources, New Gold, and MineSense Ian Pearce has over 35 years of experience in the mining industry. From 1993 to 2003, he held progressively more senior engineering and project management roles with Fluor Inc., including managing numerous projects in the extractive sector. From 2003 to 2006, Ian held executive roles at Falconbridge, including chief operating officer, and subsequently served as CEO of Xstrata Nickel, a subsidiary of Xstrata PLC, from 2006 to 2013. From 2013 to 2017, Ian was a partner of X2 Resources, a private partnership focused on building a mid-tier diversified mining and metals group. Ian serves as board chairman of MineSense Technologies, which seeks to improve the ore extraction and recovery process, and is a senior advisor at KoBold Metals, which deploys digital tools to discover new cobalt deposits. He is a director of Nexa Resources and vice chair and director of Outotec Oyj. He also served as board chairman of Nevsun Resources until its 2018 acquisition by Zijin Mining.

George Salamis • President and CEO of Integra Resources George Salamis has over 30 years of experience in the mining and resource exploration industry. George has been involved in over $2 billion of M&A transactions, either through assets sales or his involvement with junior mining companies. He was most recently executive chairman of Integra Gold, which was sold to Eldorado Gold for $590 million. George co-led the efforts behind the 2016 Integra Gold Rush Challenge and the 2017 #DisruptMining initiatives that encouraged innovation and technology disruption in the industry. He has discovered, financed, built, managed or sold more than five major deposits around the world. George started his career working for Placer Dome and Cameco Corp. over a 12-year period before transitioning into mineral exploration and junior mining in 2001. He is a director at Contact Gold. George holds a degree in geology from the University of Montreal — École Polytechnique.

TSX: GRG OTC: GARWF FSE: G6A

PELANGIO EXPLORATION PX TSX-V

ONTARIO, CANADA GHANA, WEST AFRICA Success Through Exploration in World Class Gold Mining Jurisdictions

Location - Location - Location PELANGIO EXPLORATON INC. 82 Richmond Street East, Toronto, Ontario Canada M5C 1P1 T: 905 336 3828 E: info@pelangio.com W: www.pelangio.com

•

Very healthy treasury from the sale of the in-house silver discovery to SSR mining for 44 million CAN

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The Company is actively exploring in Chile and Paraguay as well as in Argentina.

With a pipeline of more than 185,000 hectares of high quality mineral projects

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District-scale high-grade gold project in one of the last frontiers of mineral exploration in South America

Contact Shawn for more information info@goldenarrowresources.com | 778-686-0135

goldenarrowresources.com

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Mark Selby • Chairman and CEO of Canada Nickel Since 2001, Mark Selby has been recognized as one of the leading authorities on the nickel market. Prior to joining Canada Nickel, Mark was president and CEO of RNC Minerals, where he led the team that successfully raised over $100 million and advanced the Dumont nickel-cobalt project from initial resource to a fully permitted, construction ready project. He also previously has held senior management roles with Quadra Mining, Inco and Mercer Management Consulting. Mark is a graduate of Queen’s University with a Bachelor of Commerce (Honours) and served on the boards of multiple junior mining companies including currently as chair of gold explorer Orford Minerals.

Marcia Smith • Senior Vice President, Sustainability and External Affairs, Teck Resources Marcia Smith joined Teck Resources in 2010 as vice president, corporate affairs, and has held the position of senior vice president, sustainability and external affairs, since January 2012. Marcia is responsible for a diverse portfolio including health and safety, sustainability, environment, communities, government relations, corporate affairs and relationships with Indigenous Peoples. Prior to joining Teck, Marcia was the managing partner of a leading Canadian public relations firm in B.C. She has a bachelor of arts degree (honours) in English and political science from Laurentian University.

Michael Spreadborough • CEO of Metals X Ltd. Michael Spreadborough is the CEO of Metals X Ltd. and was most recently the managing director and CEO of Nusantara Resources and non-executive director of CleanTeQ Holdings. Mike is a mining engineer and has over 20 years of experience in mining lead, zinc, uranium, copper, gold and iron ore. He has held wide-ranging roles including business and project development to operations and exploration. In recent times he was the general manager mining for WMC and later the vice president mining for BHP Billiton at the Olympic Dam mine in Australia. Previously, Mike was also general manager coastal operations for Rio Tinto, responsible for port operations and the Pannawonica mine site. He then assumed the position of chief operating officer for Inova Resources Ltd. (formerly Ivanhoe Australia) and Sandfire Resources.

Henry Stoch • Canadian Sustainability and Climate Change Leader at Deloitte Henry Stoch is a B.C.-based partner at Deloitte and leads the company’s sustainability and climate change practice in Canada. For the last 15 years he has focused on serving North America’s most significant energy and resources companies, and has vast knowledge of risk management and assurance related to environment, safety and social issues, as well as sustainability disclosure and reporting.

Michael Timmins • President, CEO, and director of Fury Gold Mines Michael Timmins brings over 20 years of experience as a mining executive from his work with a number of companies, including Agnico Eagle Mines and Placer Dome. Michael was vice president of corporate development at Agnico, where he played a key role in the development of the Kittila mine in northern Finland and in the $3.9 billion acquisition of Osisko Mining. He has degrees from Queen’s University (EMBA), the University of British Columbia (M. Sc. Metallurgy) and Bishop’s University (B.Sc.). Michael also serves as a director and audit committee member for Excellon Resources.

Lisa Youngblood • Executive Director, Marketing and Communications, Rail-Veyor Technologies Global Inc. Lisa Youngblood is the executive director of marketing and communications for Rail-Veyor Technologies Global Inc. She is responsible for creating and directing marketing programs including developing the brand’s strategic vision, messages, and objectives. Lisa works with the senior management team to build internal and external communications utilizing writing, photography, videography, social media and press engagement. She officially joined the Rail-Veyor team in February 2020, but first became familiar with the company as an outside consultant for two years. She has an extensive background in marketing, sales, education, and leadership and a degree in visual communications.

Past-producing, high-grade, near surface, oxide gold deposit in legendary district of Nevada Excellent infrastructure: just off highway, 12 miles from Hawthorne, power line crosses property Exceptional metallurgy Recently-acquired gold project in the Red Lake area of northern Ontario presents additional upside Contact: info@newrangegold.com Tel: +1 (604) 669-0868

TSXV: NRG; OTCQB: NRGOF

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MINING SYMPOSIUM

Unlocking Value for Auryn Shareholders

RESOURCES

TSX: AUG NYSE American: AUG

Proposed Split into Three Companies October 2020

Auryn + Eastmain = (proposed acquisition)

Building a Canadian Mining Company

Committee Bay Homestake Ridge + Eastmainâ&#x20AC;&#x2122;s Eau Claire (PEA Status Gold Project)

Spinout

Spinout

CURIBAYA

SOMBRERO

High-grade Silver-gold in Southern Peru

District-scale Copper-gold in Southern Peru

Shares to Trade in Q1 2021

Shares to Trade in Q1 2021

SILVER

COPPER

To learn more visit www.aurynresources.com

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