The Northern Miner August 30 2021 Issue 18

EXPLORATION: AMERICAN PACIFIC’S WARWICK SMITH ON MADISON PROJECT / 3 Geotech_Earlug_2016_Alt2.pdf 1 2016-06-24 4:27:20 PM

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BHP turns toward ‘future facing’ commodities POTASH

| Miner approves Jansen project and sale of oil and gas division

BY ALISHA HIYATE

I

n a long awaited decision, BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has approved US$5.7 billion in spending on its Jansen potash project in Saskatchewan — an important project for diversification of the mining giant’s assets, which are dominated by iron ore and copper.

“This is an important milestone for BHP and an investment in a new commodity that we believe will create value for shareholders for generations,” said BHP CEO Mike Henry.

Stressing its focus on ‘future facing’ commodities needed for global economic growth and decarbonization, the company also announced a deal to sell its oil and gas unit, and noted its recent offer for Canada’s Noront Resources (TSXV: NOT) for its nickel assets in Ontario’s Ring of Fire.

The investment at Jansen will see BHP produce around 4.4 million tonnes of potash per year in a first phase of development (Jansen S1).

Initial production at the long-life underground mine is expected in 2027, following a construction period of six years. Ramp up of the operation is expected to take another two years.

At consensus forecast potash prices, the company expects the investment to yield a 12-14% post-tax rate of return across a 100-year mine life,

The Jansen potash mine shaft development, about 140 km east of Saskatoon, Saskatchewan. BHP

with payback achieved in seven years.

However, since 2008, BHP has already spent US$4.5 billion at Jansen, including US$3 billion to build two shafts and related infrastructure that are expected to be completed

next year. If that investment were also considered, the project’s rate of return would be much lower. The company had previously considered selling part or all of the project.

In addition to the underground

mine, the Jansen development will involve construction of a processing facility, a product storage building, and a continuous automated rail loading system, as well as port infrastructure required to ship potash

through Westshore, in Delta, B.C. While the potash market currently has excess production capacity, the company said that it expects demand growth to “progressively absorb” that capacity. It sees “opportunity for new supply” late this decade or early in the 2030s — in line with Jansen’s development schedule.

The company says potash prices beyond this decade will be influenced by Canada’s greenfield solution potash mines, which have higher operating costs and sustaining capital requirements than conventional mines such as Jansen.

Potash prices have surged this year on strong demand, coupled with sanctions against major potash producer Belarus.

At the same time BHP is investing in the nutrients business, it is looking to sell its oil and gas division, confirming that it will sell the division to Woodside Petroleum (ASX: WPL) in exchange for shares it will distribute to its shareholders. BHP shareholders will hold 48% of the resulting energy company.

The company also announced it is planning to simplify its corporate structure, unifying its two primary listings in Australia (BHP Ltd.) and the U.K. (BHP Plc), under a primary listing on the Australian Stock Exchange. TNM PM40069240

Newcrest Mining commits US$226 million to expand Telfer AUSTRALIA

| Investment adds at least two more years to gold-copper operations

BY CECILIA JAMASMIE

A

ustralia’s largest gold producer, Newcrest Mining (TSX: NCM; ASX: NCM), is investing A$246 million (US$226 million) to expand its Telfer goldcopper operations, which include the Main Dome, West Dome open pits and underground mines, for at least two years.

The company said the West Dome Stage 5 cutback would allow further mine life extension opportunities to be assessed within the open pit and underground at Telfer located in the metals-rich Paterson province of Western Australia.

The project is near the company’s Havieron gold-copper project, which Newcrest is developing in partnership with Greatland Gold (LSE: GGP).

“WE BELIEVE THERE IS THE POTENTIAL FOR FURTHER MINE LIFE EXTENSIONS IN THE OPEN PIT AND THE UNDERGROUND BEYOND THIS TIME.” SANDEEP BISWAS CEO, NEWCREST MINING

“This...is an investment in Telfer’s future which will ensure the operation is able to continue for at least

the next two years,” Newcrest CEO Sandeep Biswas said in a press release.

“With additional drilling, we believe there is the potential for further mine life extensions in the open pit and the underground beyond this time.”

Production stripping for the Stage 5 cutback will start in September, with first ore production expected to reach the Telfer mill in March 2022, the company said.

Newcrest noted that no extra permits, licences or regulatory approvals are needed for the project, and said that it won’t seek further gold-price hedges linked to it.

Telfer has the largest gold processing facility in Paterson province, where it produces gold doré and copper-gold concentrates. In the six months to June 30, the operation yielded 185,000 ounces of gold,

5,000 tonnes of copper and 52,000 ounces of silver.

Newcrest, which is also the world’s No. 3 gold producer by market value, has been aggressively searching for juniors with appealing assets to jointly develop.

Early last year, it acquired a 70% stake in Canada’s Red Chris copper and gold mine from Imperial Metals (TSX: III).

The remote Paterson region hosts several large gold and/or copper deposits such as Nifty, Winu and Newcrest’s Telfer.

The world’s second-largest mining company, Rio Tinto (NYSE: RIO; LSE:RIO; ASX: RIO), is also invested in the area. In 2018, it applied for nearly 30 exploration licenses in Patterson, sparking a stampede into adjacent lots by other explorers. TNM

FORECAST: S&P SAYS EXPLORATION BUDGETS LIKELY TO RISE IN 2022 / 5

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A Rio Tinto-sized opportunity beckons for American Pacific Mining at Madison EXPLORATION

C

| Madison was last in production between 2008 and 2012

BY HENRY LAZENBY

anadian junior American Pacific Mining (CSE: USGD; US-OTC: USGDF) and jointventure partner Rio Tinto (NYSE: RIO; BHP: RIO; ASX: RIO) are rapidly delineating a new resource estimate for the Madison copper-gold project in Montana, CEO Warwick Smith tells The Northern Miner.

This year marks Rio Tinto’s third drill campaign at the project.

“Recent results have returned incredibly high-grade gold and copper, which is spreading along a goodsized area,” Smith says in a recent interview. “They’re really focused on that skarn at the surface, which excites us. Their drilling has made it larger, both laterally and at depth.

And that’s the intention this year — to follow up on some of those targets, to increase it in size.”

Since 1986 it has been suggested that there may be a deep porphyry system at the Madison project. Recent exploration work by former owner Broadway Mining has led to interpreting a Cadia-like skarn over porphyry mineralization relationship.

Currently, known copper skarn mineralization and massive sulphide gold mineralization are proposed to be linked to a deeper porphyry system.

“Through all that compilation work, the 3D modelling work that’s been done, you start piecing together how this can become a large deposit,” Smith says. “The skarn zone at surface alone could become a large deposit, and then you think of getting down into the porphyry below. With American Pacific owning 30% of the Rio Tinto-sized target, it can be an incredible win for shareholders.”

Smith says Rio Tinto has developed an “innovative” and “unique” structural interpretation at Madison, and several planned holes will test these theories.

“What we see near the surface is incredibly high-grade pockets of gold and copper,” Smith says. “What we’re looking to see is to get to somewhere in and around that 1,800 meters in strike length; that’s where you could hold a significant deposit that is coming together as we speak.”

American Pacific went public in March 2018. That was followed by a transformative transaction last year, picking up the Madison mine in Montana and signing a partnership agreement with Kennecott Exploration Company, a division of Rio Tinto. Under the agreement, Rio Tinto may spend up to US$30 million to earn 70% of the project.

The exploration partners have recently released results from 26 rock chip samples collected near the past-producing American pit, which identified significant high-grade gold and copper mineralization.

These samples were collected east of the American pit, known for highgrade skarn mineralization, where altered Rader Creek granodiorite outcrops dive under tertiary gravel cover. Six samples were described as skarn with disseminations of pyrite, pyrrhotite and chalcopyrite; these samples returned values with up to 29 grams gold per tonne, 1.52% copper and 44.80 grams silver per tonne.

Another rock sample about 400 meters east of the American pit included native gold in a quartz vein, returning 12.65 grams gold per tonne, 0.98% copper and 11.20 grams per tonne silver.

More recently, Rio Tinto has started work on an un-manned aerial vehicle magnetic survey over Madison focused on defining a detailed magnetic signature of the Madison

Since 1986 it has been suggested that there may be a deep porphyry system at the Madison project. AMERICAN PACIFIC MINING

“WHAT WE SEE NEAR THE SURFACE IS INCREDIBLY HIGHGRADE POCKETS OF GOLD AND COPPER.” WARWICK SMITH CEO, AMERICAN PACIFIC MINING

Limestone-Rader Creek intrusive contact. The detailed magnetic signature of the contact area will provide precise skarn-hosted drill targets for follow-up investigation.

“The recent trench results two kilometres from the Madison mine also support our belief that the regional

potential at Madison is excellent, and this new mag data will help define additional areas of interest,” says Smith.

“When you look at the regional map of Madison, it’s evident that there are significant gaps in the mineralized trend connecting pastproducing mines and the Madison project. The scale of the opportunity really becomes evident.”

The porphyry target, says Smith, is “an entirely different beast.” The porphyry was pierced by drilling in 2017, returning evidence of chaotic folding typically associated with a porphyry-style system. “That’s where this can become one of those behemoth-sized deposits. For example, the old Butte copper mine is 48 kilometres away from us. It’s on that same geological trend that produced 3.1 billion pounds of copper, three

million ounces of gold and 715 million ounces of silver. When I say big, that’s the example,” he says.

“So, it’s something that you can put in production in let’s call it relatively short order, being as there’s already still a small mining permit on-site, you’ve got Rio Tinto, one of the world’s largest companies as the operator alongside you, and you’ve got something that’s very high grade.

I think for the market and for creating interest that works incredibly well at the moment.”

Madison was last in production between 2008 and 2012. It produced 2.7 million pounds of copper at between 20% to 35% copper and 7,600 ounces at 16.1 grams gold per tonne.

With Madison mineralization occurring in three styles, Smith says early indications are each stream

would have to be treated separately.

“The processing stream for these different styles of mineralization is going to be different. What you do with the massive sulphide would be to ship it in a float concentrate, which would have to go to a smelter.

The other oxide mineralization can be processed at any oxide mill. And there’s actually a mill just about 20 miles from us, the Sunshine mine, which historically produced about two million ounces gold for Barrick,” says Smith.

American Pacific has also recently brought in Michael Genteel as a 19.9% strategic investor.

“That’s been fantastic,” Smith says.

“He’s been an incredible help for the company really helped to put a spotlight on the company and do a bunch of instructions for us that have been incredibly helpful.”

Smith expects a busy remainder of the year in terms of news flow from the project. “What we want to see out of it is growing this skarn again, both laterally and in depth,” he says.

“We feel like we’re getting there.”

The partners expect to release a first compliant resource in 2022, but plans may change depending on what the exploration initiatives find in the meantime.

Aside from the gathering excitement at Madison, American Pacific is also making headway elsewhere.

Also in the company’s project portfolio are three highly prospective high-grade precious metals projects, the Gooseberry gold-silver project, the Tuscarora gold project, and most recently, a lease on the Red Hill property contiguous to NuLegacy Gold’s (TSXV: NUG; US-OTC: NULGF) rift anticline target in Nevada.

“We’re in a good, strong corporate position with rising metals prices, amid new excitement in the story.

We have a new strategic investor. It even feels like copper wants to keep going as the world keeps building.

It’s a great time to be involved in American Pacific,” says Smith.

The company’s equity in Toronto last traded at 76¢ per share, capitalizing the company at $50 million.

Despite coming off its recent highs at $1.02, the stock is still trading up 162% over the past 12 months. TNM

COMPANY PROFILE

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BHP looks to the future; US Senate passes infrastructure bill EDITORIAL

| Decisions involve ‘future facing commodities’

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fter years of indecision and US$4.5 billion (pre-tax) invested in development since 2008, BHP has announced that it will move forward with its Jansen potash project in Saskatchewan and approved capital expenditure of US$5.7 billion to build the first phase of the project. The sum includes funding for the

BY TRISH SAYWELL required port infrastructure.

BHP, the world’s largest mining company, paired that news with its plans to pursue a merger of its petroleum business with Australia’s Woodside Energy to create a top ten independent energy company. If the transaction is completed, the expanded company would be owned 52% and 48% by existing Woodside and BHP shareholders, respectively. The move underscores a strategic shift for the Melbourne-based mining giant out of fossil fuels in its efforts to cut net carbon emissions from its operations and increase its appeal to investors.

During a conference call with analysts and investors on August 17, CEO Mike Henry said the Jansen decision meshed with the company’s desire to ensure “a sustainable world for future generations.”

“The approval of Jansen Stage 1 is aligned with our strategy of growing our exposure to future facing commodities,” Henry said on the call.

“Demand for potash is underpinned by the need for more productive agriculture with a lower environmental footprint to provide affordable nutrition for a growing global population. It will benefit from increased demand for the biofuel required for decarbonisation and from the need to increase global food production from constrained arable land. And it provides positive differentiation from the rest of our portfolio, in terms of commodity, country and customer.”

“While we haven’t always gotten everything right with Jansen in the past,” he conceded, “we are confident in the decision we are taking today.” (The company took a pre-tax impairment charge of US$1.3 billion (US$2.1 billion after-tax) for existing infrastructure spending at the asset as of June 30.

The impairment charge, BHP said, “reflects an analysis of recent market perspectives and the value that we would now expect a market participant to attribute to our investments to date.”)

As Alisha Hiyate writes in this issue, the investment in Jansen will see BHP produce about 4.4 million tonnes of potash a year in a first phase of development (Jansen S1). After a six-year construction period, initial production at the underground mine will start in 2027, with ramp up to full production taking a further two years.

Construction of two shafts and associated infrastructure is already 93% complete and likely will be finished in calendar 2022, and about 50% of all the engineering required for Jansen S1 has also been completed, which has “significantly de-risked the project,” Henry noted.

Henry, who was born in Canada and became CEO in January last year, also noted that the project, 140 km east of Saskatoon, is expected to operate for up to 100 years in the world’s best potash basin, and “plays to BHP’s strengths” in mining, processing and bulk logistics. Jansen will be “one of the world’s most sustainable potash mines,” he added, “with a low carbon footprint and low water intensity embedded into its design.”

The investment, BHP emphasized, gives the company “increased leverage to key global mega-trends, including rising population, changing diets, decarbonisation and improving environmental stewardship.”

As for the outlook for potash, BHP noted that prices for the fertilizer have “increased sharply” over the last year and “despite ongoing excess production capacity.” Citing statistics from commodities research firm CRU, granular spot prices — CFR Brazil and US (New Orleans) freight on board (FOB) barge — rose to about US$600 per tonne in July, which is a year-onyear increase of 150% and 180%, respectively, it said.

Looking ahead, BHP outlined in a press release, “trend demand growth will progressively absorb the excess capacity currently present in the industry,” which will “create the need for new greenfield supply by the late 2020s or early 2030s.”

For Saskatchewan, BHP’s decision will bring jobs and some serious tax revenue. “This is a truly monumental decision,” the province’s premier, Scott Moe, said at a press conference. “It represents, to date, the largest private economic investment that our province has ever seen.”

BHP emphasized that its investment in potash, and its planned exit from petroleum and non-core coal assets, means it “will be focused on high quality iron ore and metallurgical coal for the steel that is needed for infrastructure including for renewable energy; copper to support unprecedented demand for renewable energy; nickel for batteries; and potash to make food production and land use more efficient.” It also noted that management will “continue to create and secure further options in future facing commodities.” (Iron ore, its key commodity, made up about 56.7% of its revenue in the fiscal year ended June 30, 2021.)

BHP’s decision on Jansen comes one week after the U.S. Senate passed a US$1 trillion infrastructure bill. In a rare bi-partisan move, nineteen Republicans including Senate Minority Leader Mitch McConnell joined 50 Democrats to approve the bill, which is good news for mining companies that produce ‘future-facing commodities’ like nickel, copper, silver, lithium, cobalt, and rare earths. The bill includes US$65 billion that will be allocated to improve the electrical grid and energy production and about US$7.5 billion for building charging stations for electric vehicles.

According to Reuters, about US$6 billion in the bill is dedicated for battery materials processing and manufacturing projects and roughly US$140 million for a rare earths demonstration plant. The bill also earmarks about US$100 million a year through 2024 “in grants for developing, processing and recycling critical minerals.” TNM

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THE VIEW FROM ENGLAND COLUMN

| Europe’s galactic mining goals

BY DR. CHRIS HINDE Special to The Northern Miner

A

n asteroid is heading towards Earth, but it is good news for miners and Luxembourg stands ready to help.

On August 11, NASA’s Planetary Defense Coordination Office provided an update on the potentially hazardous asteroid Bennu. Scientists in the Near-Earth Object Observations Program confirmed that Bennu will make a close approach to Earth next century, although the probability of impact is only 1 in 2,700.

Another asteroid has been in the news this month. On August 5, NASA announced it is launching a mission next year to study Psyche 16. This asteroid is estimated to contain metal worth more than US$10,000 quadrillion (or ten billion billion), which is enough to make everyone on Earth a dollar billionaire.

First spotted by an Italian astronomer in 1852, Psyche 16 is a 220 kmwide asteroid comprised mostly of iron and nickel (unlike the igneous rock and ice of most other asteroids). It will take NASA’s space probe four years to reach the asteroid, which is nestled between Mars and Jupiter.

Europe in general, and Luxembourg in particular, stands ready to play a role in the mining of these metal deposits in space.

The Grand Duchy has long had ambitions to exploit asteroids, albeit the near-Earth ones (orbiting between Earth and Mars), rather than those in the Asteroid belt beyond Mars. Over five years ago, in February 2016, the then Deputy Prime Minister of Luxembourg, Etienne Schneider, announced plans to mine asteroids in collaboration with U.S.-based Deep Space Industries and Planetary Resources Inc. Luxembourg has a long-standing space industry and was instrumental in developing satellite communications a generation ago. The former head of the European Space Agency, Jean-Jacques Dordain, told the Financial Times at the time that he was “convinced there is great scientific and economic potential in Luxembourg’s vision.” Although it sounded futuristic at the time, Dordain was adamant that the basic technology already existed.

Luxembourg was the first country in Europe to offer a legal framework for the exploration and use of space resources. It established a dedicated space law in 2017 that provided a high level of protection for investors, explorers and miners.

Moreover, the Luxembourg Space Agency offers access to financial solutions and supports academic research.

There was renewed debate in 2020 over governance of the heavens after a flurry of outer-space activities.

These included NASA’s announce-

ment in October that water had been found on the Moon, which raised expectations that it may be used as a base for space exploration.

The United Nations Committee on the Peaceful Uses of Outer Space sets the standard for the development of international space law, and various treaties have provided a basic set of rules. These treaties remain untested, however, regarding who would own the rights to minerals found in outer space. For commercial space projects, including mining, to be viable, explorers and investors will need to be certain of their rights to extract the materials they discover.

There is an analogy between these emerging space laws and the rules governing the high seas. It is possible to explore, and mine, marine resources without appropriating the ocean. Although the UN’s Outer Space Treaty defines and forbids the appropriation of the Moon, or any other celestial bodies, it does not prevent the appropriation of resources in outer space.

Quite apart from their potential as orbiting lumps of iron and nickel, asteroids can contain some very unearthly material. Minerals discovered that are not known to occur naturally on earth include panguite and edscottite. The former is a type of titanium oxide that was discovered in 2012 from the Allende meteorite that had landed in Mexico 43 years earlier. Edscottite (an iron carbide) was found in the Wedderburn meteorite that impacted Australia during 1951.

Miners will need to extend their lexicon. Asteroids and comets (which are mainly comprised of ice) are renamed meteors if they enter the Earth’s atmosphere, and meteorites if they land on the surface. Any recovered material is called a ‘meteorite fall’ if the descent had been observed, and a ‘find’ if it wasn’t seen. In geology, a bolide is a meteorite large enough to create an impact crater, whereas in astronomy it is simply a brighterthan-usual meteor.

Meteorites are not especially rare, with a total of some 60,000 rocks from space having been found on earth. Around 500 meteorites are observed annually but barely 2% of these are recovered (rarely much more than ten per year), with material from a total of only 1,500 meteorite ‘falls’ being recorded historically. Because most of the meteorite burns up in the Earth’s atmosphere, less than 5% of the initial weight actually lands.

Meanwhile, NASA researchers have identified September 24, 2182, as the most likely date for Bennu to impact Earth. Better make a note in your diary, it’s rocket science. TNM Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

COMPANY INDEX Alamos Gold. . . . . . . . . . . . . . . 9 Alexco Resources . . . . . . . . . .11 American Pacific Mining . . . . 3 AngloGold Ashanti . . . . . . . .16 Antofagasta . . . . . . . . . . . . . . . . 6 Aris Gold . . . . . . . . . . . . . . . . .12 B2Gold. . . . . . . . . . . . . . . . . . .16 Banyan Gold . . . . . . . . . . . . . .11 Barrick Gold . . . . . . . . . . . 10,16 BHP . . . . . . . . . . . . . . . . . . . . 1,6 Bonterra Resources . . . . . . . .11 Capstone Mining . . . . . . . . . . . 9 Coeur Mining . . . . . . . . . . . . .15 Denarius Silver . . . . . . . . . . . .12 First Quantum Minerals . . . . . 6 Fortuna Silver Mines . . . . . . . . 6 Gatling Exploration . . . . . 11,12 Glencore . . . . . . . . . . . . . . . . . . 6 Gold X Mining . . . . . . . . . . . .12

Gran Colombia Gold . . . . . .12 Greatland Gold. . . . . . . . . . . . . 1 Hochschild Mining . . . . . . . .10 Iamgold . . . . . . . . . . . . . . . . . .16 IGO . . . . . . . . . . . . . . . . . . . . . . 6 Imperial Metals . . . . . . . . . . . . 1 Kenorland Minerals. . . . . 12,13 Kinross Gold. . . . . . . . . . . . . .10 Kirkland Lake Gold . . . . . . 9,13 Moneta Porcupine Mines . . .13 Montage Gold. . . . . . . . . . . . .16 Newcrest Mining . . . . . . . . . . . 1 Newmont. . . . . . . . . . . . . . . . .12 Noront Resources . . . . . . . . . . 1 NuLegacy Gold . . . . . . . . . . . . 3 O3 Mining. . . . . . . . . . . . . . . .13 Orca Gold . . . . . . . . . . . . . . . .16 POSCO . . . . . . . . . . . . . . . . . . . 6 Pretium Resources . . . . . . . . .14

Regis Resources . . . . . . . . . . . . 6 Rio Tinto . . . . . . . . . . . . . . .1,3,7 Rio2 . . . . . . . . . . . . . . . . . . . . . . 9 Roscan Gold . . . . . . . . . . . . . .16 Seabridge Gold . . . . . . . . . 13,14 Sierra Metals . . . . . . . . . . . . . . . 8 SSR Mining . . . . . . . . . . . . . . .15 Tesla . . . . . . . . . . . . . . . . . . . . . . 6 Trevali Mining . . . . . . . . . . . . . 7 Triple Flag Precious Metals. . . . . . . . . . . . . . . . . . 9,10 Vale . . . . . . . . . . . . . . . . . . . . . . . 6 Victoria Gold . . . . . . . 11,14,15 Vista Gold . . . . . . . . . . . . . . . .15 Vizsla Silver . . . . . . . . . . . . . . .10 Western Atlas Resources Inc.12 Wheaton Precious Metals. 9,10 Woodside Petroleum. . . . . . . . 1

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 30–SEPTEMBER 12, 2021

5

A train loaded with brown hematite iron ore. BEYONDIMAGES/ISTOCK.

Higher metal prices to push exploration budgets up in 2022, says S&P Global FORECAST

S

| Ramp-up in green policies supportive of battery metals

BY HENRY LAZENBY

&P Global Market Intelligence’s pipeline activity index points to mineral exploration budgets increasing by 5% to 10% in 2022, metals and mining analyst William Mason told a recent online conference.

The increase is not as significant as in previous years, as a projected moderate softening of most metal prices from current levels weigh on the outlook.

“From 2023 to 2025, we expect budgets to pull back slightly as the Covid-19 pandemic economic recovery subsides and global economic growth returns to a more moderate pace,” Mason said during S&P’s recent State of the Market: Mining Q2-21 webinar.

The pipeline activity index levelled off in the second quarter as gains in significant drill results and positive project milestones were offset by a decrease in substantial financings, with the number of initial resource announcements unchanged.

According to Mason, exploration budgets generally move with metal prices, often with a one-year lag.

The pandemic-induced price falls of the March quarter of 2020 have been followed by solid metal price rebounds, with gold and copper hitting record highs at various points since then.

“The improving commodity prices were insufficient or too late, however, to offset other pandemic-related challenges to the exploration sector, resulting in lower budgets for 2020,” said Mason.

The exploration price index rose 31% year-over-year in 2020, leading S&P to project an estimated 25% to 35% increase in exploration budgets in 2021.

A similar budget increase was driven by the metal price rally in 2010, where the price index rose 27% year-over-year, and exploration budgets jumped 44%. In the next two years, substantial budget increases followed by 50% in 2011 and 19% in 2012, supported by a continuing rally in commodity prices, fueled by rising demand from emerging markets, S&P data showed.

Mason also noted that the mergers and acquisitions deal value in the most recent quarter was level with the previous quarter. “We found that strong metal prices deterred high-value deals as only five deals were over $100 million,” said Mason.

The most notable deals within this

An aerial view of a reclaimer used to harvest crushed iron ore stockpiles on a mine site. DAZMAN/ISTOCK

period were the Regis Resources (ASX: RRL) US$696 million transaction to acquire IGO’s (ASX: IGO) 30% stake in the Tropicana mine, and the acquisition of Roxgold by Fortuna Silver Mines (TSX: FVI) in a US$635 million deal.

Gold made up 80% of the deals in the second quarter and the deal value for nickel was higher than copper for the first quarter in over a year, as First Quantum Minerals (TSX: FM) agreed to sell a 30% stake in its Ravensthorpe nickel mine to South Korean Steelmaker POSCO (NYSE: PKX) for US$240 million.

Canadian buyers still dominated deals in the first half of the year, with Australia and South Korea following behind.

The number of financings was down in the second quarter by 41%.

Fundraising activity started slowly compared to the first quarter seeing two months of declines in April and May, where the appetite picked up with an increase in June.

Although lower than the previous quarter, year-to-date financing has now totalled US$20.17 billion, an 8.5% increase on the same period last year.

Gold financing declined throughout the quarter. Despite this, the yearto-date fundraising for gold remains above 2020 averages.

S&P also offered a sweeping outlook across several metals relevant to driving the modern economy forward.

Principal analyst Ronnie Cecil said a ramp-up in green policies globally to foster the renewable energy transition boded well for copper, nickel, lithium and cobalt demand over the medium to long term.

After reaching a record US$10,725 a tonne in May, London Metal Exchange copper cash prices dropped to US$9,377 per tonne as of August 16, dampened by inflation concerns, a firming U.S. dollar, rising stock levels and weaker imports of refined Chinese products in China.

“The tightness in the copper concentrate market is also showing signs of relief with treatment and refining charges rising over recent months, following healthy growth in Latin American mine output. Our average LME three-month copper price forecast for the third and fourth quarters come in at US$9,236 a tonne for the third quarter and US$8,919 a tonne for the fourth quarter,” said Cecil.

Copper prices are expected to be supported by the potential for nearterm supply disruptions in Chile, a recovery in ex-China demand and indications of continued Chinese government support for the economy and employment.

Global mine supply growth is expected to weigh on copper prices in 2022 and 2023, with prices dropping to US$8,453 per tonne. By 2024 and 2025, however, more profound deficits and more substantial prices are expected to emerge as copper suppliers struggle to keep up with development growth.

Mixed trends on the supply side have added to some of the price volatility for zinc.

In June and July, seasonal power rationing and curbed smelter production in China’s Yunnan region offset a strong rebound in Peruvian mine output over recent months.

With refined zinc demand growth expected to outpace supply through to 2025, the prospect of diminishing

market surpluses has prompted price upgrades to US$2,852 per tonne on average in 2021 to US$2,930 a tonne on average for the year in 2025.

“That said, zinc supply will be boosted by Boliden’s recently announced plans to expand its Odda smelter in Norway, and that looks like that will impact supply by around 2025,” Cecil said.

Meanwhile, nickel prices have hit a seven-year high in late July at US$19,892 per tonne.

Strong fundamentals drove stocks down, said Cecil.

The global economic recovery’s buoying of demand for consumer goods is having a positive impact on nickel prices, which are up from the low US$16,000 per tonne mark in late April.

Robust Chinese stainless-steel production, coupled with recoveryrelated fiscal stimulus in Europe, is driving nickel demand. Meanwhile, supply disruptions resulting from strike action at Vale’s (NYSE: VALE) Sudbury operations in Canada, which appear now more recently to have been resolved, and local progress at Glencore’s (LSE: GLEN; US-OTC: GLNCY) Koniambo smelter in New Caledonia had helped to reduce the surplus in the nickel market.

Bolstering the positive market sentiment was news of Tesla (Nasdaq: TSLA) recently signing an agreement with BHP (NYSE: BHP; LSE: BHP ASX: BHP) to supply electric vehicle battery-grade nickel.

See FORECAST / 8

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AUGUST 30–SEPTEMBER 12, 2021 / THE NORTHERN MINER

One of Antofagasta’s growth projects is being rolled out at the Centinela mine, where autonomy technology tests start in September. ANTOFAGASTA MINERALS/FLICKR

Chile’s drought forces Antofagasta to cut copper guidance CLIMATE CHANGE

BY CECILIA JAMASMIE

C

hilean miner Antofagasta (LSE: ANTO) says that water shortages in the South American nation, which has been hit by a decade-long drought exacerbated by climate change, has forced it to cut its copper production target for the year.

The miner now expects to produce between 710,000 tonnes and 740,000 tonnes of copper this year, down from its previous forecast of 730,000 tonnes to 760,000 tonnes.

| Country’s central region has seen rainfall decline nearly 30% in last two decades

The redesigning of a desalination plant at its flagship Los Pelambres mine, slated to begin operating in the second half of 2022, could also be affected, the company said, adding a delay would put 50,000 tonnes of copper production at risk.

The Los Pelambres mine, located in Chile’s Coquimbo region, 240 km northeast of Santiago, is one of the company’s operations affected by the drought. The country’s central region alone, where most people live and which hosts key copper mines,

has seen rainfall decrease by almost 30% in the last 20 years.

“The weather in central Chile during the first half saw unprecedentedly dry conditions, with almost no rainfall,” Chief Executive Iván Arriagada said in a statement. “We have now had 12 years of drought, and the precipitation in 2021 has so far been less than in 2019, which itself was one of the driest years on record.”

Antofagasta’s key growth projects, however, are on track and Arriagada

said the company remained focused on operating discipline and cost control.

Despite the weather-related challenges, Antofagasta saw its half-year earnings jump to a record US$2.4 billion on the back of strong copper prices that boosted its bottom line.

Soaring metal prices also allowed the company to announce an interim dividend of 23.6¢ per share, more than triple its payout a year ago.

While average copper prices increased in the first half of the year,

the metal hit a more than four-month low on the London Metal Exchange on August 19, as a stronger dollar weighed on investor sentiment.

Three-month copper on the LME fell by 0.4% to US$9,009 a tonne, its lowest since April 14, before rebounding to trade almost flat at US$9,045 a tonne.

The drought in Chile is not only impacting miners, but also farmers and wine makers, which has led authorities to reform the country’s water code. TNM

Benga Mining applies for judicial review following Canada’s coal mine snub REGULATORY ISSUES

A

BY HENRY LAZENBY

unit of Australian billionaire Gina Rinehart’s Hancock Prospecting, Benga Mining, has applied to the Federal Court of Canada for a judicial review of the rejection of the proposed US$800 million Grassy Mountain steelmaking coal mine that it plans to build in Alberta’s Rocky Mountains.

Benga has applied for an order that quashes or sets aside Environment and Climate Change Minister Jonathan Wilkinson’s decision of August 6, that the project was “likely to cause significant adverse environmental effects” and which referred the project to the Cabinet.

| Project expected to contribute US$1.7 billion in taxes and royalties

Benga is also seeking to quash the Cabinet’s decision that the “significant adverse environmental effects” that the project “is likely to cause are not justified in the circumstances.”

The Minister’s determination was based on a decision by the Joint Review Panel on June 17, to deny the Grassy Mountain project. The determination, Benga said, was made despite applications being filed with the Court of Appeal of Alberta on July 16 and 19, by the company and the Piikani and the Stoney Nakoda First Nations.

Benga said that its legal counsel had written to Wilkinson on June 26, formally requesting that he take no action at this time, in order to allow

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The proposed site of the Grassy Mountain metallurgical coal mine in Alberta. RIVERSDALE RESOURCES

Benga to pursue its legal avenues on appeal.

Benga also wrote to the Impact Assessment Agency of Canada on July 6, advising that failure by the Minister to hold the federal process in abeyance pending resolution of Benga’s legal challenges in the Court of Appeal of Alberta would prejudice Benga and potentially those Indigenous groups that might benefit from the project.

“We are dismayed that Canada’s Minister of Environment could render a decision so hastily, and based on a report that is facing multiple legal challenges,” Benga CEO John Wallington said in a media statement.

“Not only were the Minister’s and Cabinet’s decisions premature and ill-informed, they were also made without adequate consultation with

the relevant First Nations, something that is unconscionable within the rigours of a modern regulatory approval process.”

Benga’s parent company has reportedly spent about US$700 million in acquiring the project and in pursuing the necessary regulatory approvals.

“At the time of acquiring the project, we were warmly welcomed and made to feel that Canada was very much open for business and intent upon attracting international investment and capital for the development of large-scale projects that would stimulate the economy and provide employment opportunities and jobs,” says Benga.

“We were acutely aware of Canada’s international reputation as a destination of choice for mining

projects that could be developed without political interference within an open, transparent and fair regulatory regime. However, the Minister’s and Cabinet’s decisions that we are now seeking to review raise serious questions about sovereign risk and just how open, transparent and fair the regulatory regime actually is,” said Wallington.

The US$800 million project is a proposed steelmaking coal mine in Crowsnest Pass, Alberta, expected to contribute US$1.7 billion in provincial and federal income taxes and royalties. Benga says the project has a Category 4 land use classification (being land on which surface or underground mining may be considered) and that nearly 25% of the project was on previously mined land. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 30–SEPTEMBER 12, 2021

7

Trevali feasibility outlines US$111M capex for Rosh Pinah expansion NAMIBIA

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BY MARILYN SCALES

revali Mining (TSX: TV; USOTC: TREVF) has released a feasibility study for the expansion of its Rosh Pinah zinc-lead-silver mine in southwestern Namibia to 1.3 million tonnes per year from 700,000 tonnes per year.

At an initial capital cost of US$111 million, the expansion will include modifications to the mill, a new paste fill plant, a water treatment plant, a dedicated portal and decline to the WF3 deposit, plus surface and underground infrastructure.

Once the project is commissioned, Trevali expects to reduce its operating costs by about 26% on a per-tonnemilled basis.

The company owns 90% of the underground mine and mill, 800 km south of Windhoek. The remaining 10% is held by Namibian and employee empowerment plans.

Assuming a positive investment decision, detailed engineering for the 86% mill throughput increase and procurement of long lead items will begin by the end of this year. Construction will follow in the middle of next year, with commercial production expected around mid-2024.

The after-tax project economics reveal a net present value (at an 8% discount rate) of US$156 million, an internal rate of return of 58%, and a

| Economics outline a payback in under five years

payback period of 4.6 years. Free cash flow of US$290 million is estimated.

The grinding circuit at the mill will receive an upgrade that sees the installation of a single stage semiautogenous (SAG) mill and pebble crusher. Work will also include primary crushing upgrades and an ore blending area. Flotation, thickening, filtration and pumping capacity will also be upgraded.

The development of a dedicated portal and decline to the WF3 deposit will support the increased mining rate and reduce operating costs. New 60-tonne trucks will deliver the ore to a new surface primary crusher. New large load-haul-dumpers (LHDs) will also be purchased. Ore transported from other areas will be transported to the existing underground crusher in the existing 30-tonne trucks.

The planned paste fill plant will be designed to operate at the current mining rate and the 1.3 million tonne-per-year eventual rate. A water treatment system at the paste fill plant will reduce the amount of water needed to 0.5 cubic metre from 1.5 cubic metres.

The project would reduce the project’s carbon intensity and water consumption on a per-tonne-milled basis. The underground mine will be modernized (it began operations in 1969).

Rosh Pinah has resources (includ-

Trevali Mining’s Rosh Pinah zinc-lead-silver mine in Namibia. TREVALI MINING

ing reserves) of 18.5 million measured and indicated tonnes grading 7.4% zinc, 1.8% lead and 25.8 grams silver per tonne as well as 1.6 million inferred tonnes at 8.3% zinc, 2.2% lead and 54.9 grams silver per tonne.

Trevali has signed a 15-year solar power purchase agreement with Emerging Markets Energy Services Company (Emesco) to supply 30%

of the power Rosh Pinah needs. The fixed rate agreed in the contract is expected to reduce energy costs at the project by 8%.

In a research note, Rene Cartier of BMO Capital Markets noted that “financing discussions are ongoing with TV’s lending syndicate as well as other financial institutions on securing project debt,” adding that

“potential asset sales, or silver stream, could also be part of the solution.”

“On timing, construction is expected to commence in mid-2022, with commercial production expected mid-2024 (previously commence in Q1/22, commercial in H1/23),” he wrote. “Capital costs have increased to $111M, from $93M, and including a contingency of $8.8M.” TNM

Rio Tinto, Sumitomo to assess hydrogen plant at Yarwun refinery www.northernminer.com TECHNOLOGY

| Green hydrogen seen as key to eliminating carbon emissions

Rio Tinto’s Yarwun alumina refinery in Gladstone, Australia. RIO TINTO

R

BY CECILIA JAMASMIE

io Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Sumitomo Corp. have announced that they will jointly study the construction of a hydrogen pilot plant at Rio Tinto’s Yarwun alumina refinery in Gladstone, Australia.

Sumitomo had been carrying out studies already into building a hydrogen plant, but hadn’t chosen a location. Rio Tinto, in turn, recently started a feasibility study into replacing natural gas with hydrogen in the alumina refining process.

If the partners choose to proceed, the pilot plant would produce hydrogen for the Japanese miner’s

Gladstone Hydrogen Ecosystem project, which is also located in Queensland’s Gladstone, a traditional coal and gas hub.

Green hydrogen — produced by stripping the gas from water using electrolyzers powered by wind and solar — is seen as key to eliminating carbon emissions from the industrial sector.

Most Australian mines are already transitioning to renewable power and either turning to or expanding electric vehicles fleets. Hydrogen is the next frontier.

“Reducing the carbon intensity of our alumina production will be key to meeting our 2030 and 2050 climate targets,” Rio Tinto Australia

CEO Kellie Parker said in a statement. “There is clearly more work to be done, but partnerships and projects like this are an important part of helping us get there.”

Energy hungry regions, particularly in northeast Asia and Europe, lack the natural resources to generate large scale clean energy. This is particularly true in Japan, where nuclear energy has become politically and practically toxic.

The answer, as the country has very publicly committed to, is to transition to 100% green ammonia, which is the demand the growing number of large-scale green hydrogen projects in Australia are looking to meet. TNM

VISIT US AT BOOTH #1370 NORTH HALL info@majordrilling.com

8

WWW.NORTHERNMINER.COM

AUGUST 30–SEPTEMBER 12, 2021 / THE NORTHERN MINER

Sierra Metals updates Bolivar copper-silver PEA to include iron ore IRON ORE

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BY MARILYN SCALES

ierra Metals (TSX: SMT; NYSE: SMTS) has updated the preliminary economic assessment for its Bolivar copper-silver mine to include production of a saleable iron ore concentrate.

The underground mine and mill are located in Mexico’s Chihuahua state, about 250 km southwest of the city of Chihuahua.

The mine achieved its first full year of production in 2012. Since then, its mill capacity has been increased to 5,000 tonnes per day, and the updated PEA looks at a further increase to 10,000 tonnes per day in stages.

Last year the operation produced 35,804 lb. of copper-equivalent at an all-in sustaining cost of US$1.88 per lb. sold.

Highlights of the updated PEA include an after-tax net present value (at an 8% discount rate) of US$361 million (compared with US$283 million previously), and an internal rate

| Study outlines annual production of 5.7 million tonnes of iron concentrate

of return of 69%. The net after-tax cash flow would be US$650 million.

The life of mine and sustaining capital cost would be US$345 million.

The sale of magnetite as a by-product represents a new revenue stream for Sierra. Annual production of 62% iron concentrate would be 5.7 million tonnes. The company approved the iron ore project in April based on the October 2020 PEA, and the project is being fast tracked.

A new tailings storage facility to serve the mill through 2025 will be built west of the existing facility. The PEA includes the cost of a backfill plant for storing some tails underground, thus extending the life of the pond.

In addition, a new adit next to the mill is being developed to shorten the length of ore haulage and save costs. It has the added benefit of protecting the trucks from weather they currently encounter traveling on the surface.

At the end of 2019, the Bolivar

Underground at Sierra Metals’ Bolivar copper-silver-gold mine in Mexico.

SIERRA METALS

mine had indicated resources of 19.4 million tonnes grading 0.77% copper, 15.1 grams silver per tonne, 0.21 gram gold per tonne, and 13.8%

iron. The inferred portion was 21.4 million tonnes grading 0.78% copper, 14.2 grams silver per tonne, 0.21 gram gold per tonne, and 13.5%

iron. Together, the resources contain 316,193 tonnes of copper, 19.2 million oz. of silver and 270,400 oz. of gold. TNM

FORECAST From 5

Q3 Edition September 22-23, 2021

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“We expect the 2021 global primary nickel market surplus to fall to 12,000 tonnes, and that’s from 102,000 tonnes surplus in 2020. This is forecast to drive the average LME three-month nickel price up by 29% to US$17,936 a tonne this year,” said Cecil.

Meanwhile, iron ore prices had fallen from an average of US$212 per tonne in July to US$153 per tonne in the third week of August.

This follows a booming second quarter that saw record prices on the back of record Chinese steel production in May, at an all-time high of US$233 per tonne.

S&P said the Chinese government had ratcheted up pressure on domestic steel mills in recent months to cut output after a recent flood in heightened sentiment towards China’s decarbonization drive.

Iron ore prices are expected to trend lower, averaging US$180 a tonne in the third quarter and dropping to US$166 a tonne in the fourth quarter. Prices are expected to average above US$100 a tonne out to 2025.

On the lithium front, S&P expects the average third-quarter lithium price to edge down to US$10,500 a tonne due to improvements in spodumene supply. By year-end, lithium prices could trend back to the June level of US$11,000 per tonne, buoyed by seasonally strong growth in EV sales in Europe as automakers seek to lower fleet-wide emissions and mitigate penalties.

“Market tightness is expected to support a high lithium carbonate price through to 2022 before prices edge down over 2023 and 2024 as the market moves into surplus before rising back above US$11,000 a tonne in 2025 amid an emerging deficit,” said Cecil.

Supply disruptions for cobalt have helped to support prices, which hit a four-month high in July before stabilizing somewhat as demand waned into early August.

S&P expects cobalt metal prices to increase to US$23 per lb. in the third quarter before falling towards US$19 per lb. in the fourth quarter as bottlenecks in South Africa ease.

“We forecast the cobalt price to decline in 2022 as Glencore’s Mutanda mine restart lifts supply before prices surge back above US$21 per lb. in 2024 and 2025 as the cobalt market moves back into deficit,” said Cecil. TNM

SPECIAL FOCUS

GOLD Wheaton announces record revenue, cash flow and sales volume GOLD

| Second quarter revenue rises 33% from last year to US$330 million

ISTOCK/RENATA VARHA

Triple Flag reports first public quarter results GOLD

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Geotechnical drilling at Rio2’s Fenix gold project in Chile. RIO2

BY DANIEL SEKULICH

W

heaton Precious Metals (TSX: WPM; NYSE: WPM; LSE: WPM) announced record results for the second quarter of the year and said it remains on track to achieve 2021 guidance of 720,000 to 780,000 goldequivalent ounces.

The precious metals streaming company said that record sales volumes generated revenue of US$330 million in the second quarter, an increase of 33% from the same period last year. Net earnings for the second quarter were US$166 million, a jump of 57% from the same period last year. This gain in revenue was due primarily to a 24% increase in the average realized gold-equivalent price of the precious metal, coupled with a 7% increase in the amount of gold-equivalent oz. actually sold.

Wheaton reported that gold-equivalent production from its streams amounted to 194,140 oz., a jump of over 32% compared to the second quarter of 2020. While gold production only increased 1.7% from the same period last year to 90,290 oz., silver production rose dramatically by 84% to 6,720 oz. of silver in the second quarter. Sales of goldequivalent oz. rose 7% from 2020’s second quarter to 176,700 oz., while silver sales rose 18.4% from last year to 5,600 oz. silver sold.

“We’re really hitting our stride, with record sales, with good, high prices, but also good, high production numbers and growth on that side,” Wheaton’s president and CEO, Randy Smallwood, told The Northern Miner. “It wasn’t record production for us, but it was very close to record production. And my prediction is by the end of this year we will be setting new production records.”

Average cash costs reported by Wheaton for the second quarter were US$444 per gold-equivalent oz., which compares to US$396 per

gold-equivalent oz. during the same period last year.

Cash flow for the second quarter was US$216 million, an increase of 43% from 2020’s US$106 million. The company said it has approximately US$235 million cash on hand, and that its US$2 billion revolving term loan is fully repaid.

The company’s estimated attributable production for 2021 is forecast to be 370,000 to 400,000 oz. of gold and 22.5 to 24 million oz. of silver. Looking ahead, Wheaton estimates that average production for the five-year period ending in 2025 will amount to 810,000 gold-equivalent oz., and that by 2030 average annual production will reach 830,000 goldequivalent ounces.

For Wheaton’s shareholders, the company declared a quarterly dividend of US15¢ per common share, a 50% increase from the second quarter of last year and the fourth consecutive quarterly dividend increase.

“The way I look at it, our job in this company is to put our cash flow back into the ground,” Smallwood said. “And if we can’t put it back into the ground, then we just increase the dividend and give it back to our shareholders.”

Smallwood said Wheaton is as ‘busy as ever’ and remains active on the corporate development front, with a roster of some ten projects it is assessing. But he emphasizes that streaming is not an equity investment, and that the company takes a much more methodical approach before committing to new projects.

“We can’t turn around and sell our stock in five years if we don’t like the way things are going,” Smallwood said. “This is a life of mine investment — we only have one chance to make it right. And that’s why we put so much effort into the technical aspects of these projects and have a very, very rigorous and thorough due diligence process that tears these projects apart, puts them together

again, and looks for risk, but also looks for opportunity.”

Two recent deals that Wheaton has completed include closing a previously announced precious metals stream on Capstone Mining’s (TSX: CS) Santo Domingo project in Chile.

The company’s precious metals purchase agreement (PMPA) announced in April saw Wheaton pay an initial upfront cash consideration of US$30 million to Capstone.

Then, in late July, the company entered into an agreement on a new precious metals stream from Rio2’s (TSXV: RIO; US-OTC: RIOFF) Fenix gold project. The proposed agreement allows Wheaton to initially acquire 6% of the project’s gold production, until 90,000 oz. are delivered.

See WHEATON / 10

| Triple Flag has amassed a portfolio of 16 streams

BY HENRY LAZENBY

he recently released Junequarter financial results from Triple Flag Precious Metals (TSX: TFPM) aptly encapsulates the vision founder and CEO Shaun Usmar has been working up to since starting the royalty and metals streaming business in 2016.

Fresh from undertaking Canada’s biggest mining initial public offering (IPO) in nine years, raising $250 million in May, the company has emerged as a more agile, ambitious metals streamer with high growth coming out of the gate from its first public quarter.

Triple Flag reported record quarterly metal sales of 22,537 goldequivalent ounces, up 40% over the second quarter of 2020; net earnings of $18.3 million were up 100% compared to a year ago; revenue and cash flow were each up roughly 50%; and it declared the first company dividend of $0.0475 per share or a yield of about 1.7% — an industry-leading figure.

Triple Flag’s business model provides up-front financing to miners in exchange for a share of future revenue or production.

It has amassed a portfolio of 16 streams, including high-profile assets such as royalty interests in Alamos Gold’s (TSX: AGI; NYSE: AGI) Young-Davidson mine in Ontario and Kirkland Lake Gold’s (TSX: KL; NYSE: KL; ASX: KLA) Fosterville underground mine in Australia.

Usmar tells The Northern Miner Triple Flag has been exercising restraint as a portfolio company of underwriter Elliott Investment Management. It planned to take the company public late in 2019,

“WE ARE PAYING A HIGHER DIVIDEND THAN ANYONE IN THE SPACE. THAT’S NOT ACCIDENTAL. WE KNOW WE CAN COMFORTABLY PAY THAT DIVIDEND WITHOUT VIOLATING OUR ABILITY TO CONTINUE TO GROW.” SHAUN USMAR FOUNDER AND CEO, TRIPLE FLAG

but management ultimately pulled the offering, citing ‘challenging’ market conditions.

“When you think about private funding in the mining space, there have been a lot of great examples with syndicates where the time See TRIPLE FLAG / 10

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AUGUST 30–SEPTEMBER 12, 2021 / THE NORTHERN MINER

Vizsla Silver guides for a September Panuco project restart | Junior is conducting one of Mexico’s most extensive exploration programs PRECIOUS METALS

P

BY HENRY LAZENBY

ending continued improvement in regional health statistics, Vizsla Silver (TSXV: VZLA) plans a staged restart of drilling activities on September 1 at its Panuco silver-gold project in Sinaloa state, Mexico.

Soaring Covid-19 cases prompted the company to voluntarily suspend activities in late July to protect the health and safety of the team and the communities in which they work.

The company plans to start with two rigs initially, ramping up to full capacity (ten rigs) by the end of the month as conditions improve.

The company remains in regular contact with local and state-level government agencies and will adjust back to work plans as required.

As Covid cases in southern Sinaloa continue to pose a significant risk to the health and safety of the local communities and employees, the company decided to maintain the voluntary pause of onsite work programs imposed through August.

While drilling activities have been suspended, the technical team has used this unplanned downtime to refine its geologic model, identify critical path milestones and improve targeting strategies for the remainder of the year.

The junior is conducting one of Mexico’s most extensive exploration programs, with 35 geologists and eight drill rigs onsite at Panuco.

In June, it announced it was adding two more rigs for a total of 10.

Upon restart, Vizsla will continue a more than 100,000 metre, fully

funded resource and discoverybased drill program.

The resource drilling at Napoleon and Tajitos focuses on a combined resource target area about 1,500 metres long by 350 metres deep.

Vizsla intends to report an initial project resource by the end of the first quarter of 2022 underpinned by the Napoleon and Tajitos veins.

Vizsla says it plans to release respective major updates for Napoleon and Tajitos resource drilling next month.

Meanwhile, preliminary metallurgical testing on samples from Napoleon is underway, with results expected ready for publication by December.

Aside from drilling and on the back of the successful trial fixed loop electromagnetic survey completed on a portion of the Napoleon Corridor in June, Vizsla intends to conduct a property-wide electromagnetic survey following the end of the rainy season in Mexico.

In parallel with resource delineation and exploration drilling, Vizsla has initiated several engineering programs to support ongoing exploration initiatives and set the framework for future mining, milling, and associated development activities.

Vizsla currently has $57 million cash in the bank following the exercise of the property options to own 100% of Panuco.

At presstime Vizsla was trading at $2.20 per share within a 52-week range of $1.26 and $2.86 per share.

The junior has a market cap of about $285 million. TNM

45 offices worldwide and a global network of affiliates.

No matter where you are in the world, chances are we’ve got your project covered.

.com

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WWW.NORTHERNMINER.COM

TRIPLE FLAG From 9

horizon sometimes is incompatible with where the commodity cycle is going,” says the former Barrick Gold (TSX: ABX; NYSE: GOLD) executive in an interview.

“With the successful completion of our initial public offering (IPO) during the quarter, which was the largest TSX-listed mining IPO since 2012 by size and market capitalization, and the largest precious metals IPO globally by market capitalization since 2008, Triple Flag is poised to continue its growth,” he says.

“So, I think if you find a capital provider with essentially an infinite time horizon, like Elliott, you can think through risk asymmetry and optionality in a more sophisticated way. That’s a rare thing. And so after doing a bit of homework with Elliott, I could see that that was what they represented.”

The founding idea for Triple Flag was based on a five-year plan initially to be able to see if the team could invest on average a couple US$100 million a year in good deal flow to get the critical mass to then naturally transition into the public realm.

Usmar and the team have skin in the game, owning about 5% of the issued and outstanding shares in Triple Flag. “We built this as a large part of our personal net worth. We know it’s essential to pay a dividend while investing in keeping the business growing,” he says.

“So, on the one hand, we feel it’s important to balance those priorities, to generate a lot of cash and to pay increasing dividends over time. We know that dividends are an important part of the overall return equation for investors.”

Triple Flag’s dividend yield of 1.7% is industry-leading, with the majors and intermediates paying somewhere between 0.8% at the low point and 1.3% at the high end.

“We are paying a higher dividend than anyone in the space. That’s not accidental. We know we can comfortably pay that dividend without violating our ability to continue to grow. Like Franco-Nevada, over time, we intend to aspire to be progressive and how we continue to grow that dividend over time. That’s really what we want to do.”

Triple Flag has also released new ten-year guidance, showing metal sales rising from 83,000-87,000 goldequivalent ounces in 2021 to a fiveyear average of 105,000 oz. per year between 2022 and 2026. The existing portfolio maintains that level of sales for a decade to 2031.

“We’ve been able to get into the

Triple Flag CEO Shaun Usmar visiting a mine site. TRIPLE FLAG PRECIOUS METALS

deal flow and build this up and getting to the critical mass as we did. We recently signed a deal on CMOC’s Northparkes copper-gold mine in Australia, which is the best project we’ve seen come to market in five years. It’s one of the handful of deals we’ve acquired through competitive sources. We’ve done 16 deals to date, 12 of them done by putting ideas in front of mining companies,” he says.

That is a critical differentiator from the cacophony of the other junior royalty and streaming companies. “We’re actively creating new royalties, whereas most other juniors in the space only collect existing royalties or streams.”

“The markets have obviously improved. But our success is very much a function of the portfolio objectively maturing to a state where we clearly executed on our deal flow objectives. The portfolio was in such a good shape to be able to make the IPO decision.”

Usmar says the team looks at many projects before deciding to pursue a deal.

“We test a lot of frogs, and other competitors would do that too. But,

since we started in 2016, all the Bay Street bankers were saying: ‘Well, you missed all the good stuff. Like there’s all these big de-leveraging things that we did with Barrick and Glencore and others over that time, and there’s nothing to do’.

“However, we’ve been consistently busy. We’ve seen over 500 deals for the 16 that we’ve done.

And I think we put many ideas in front of people to see if we can find things that really start a conversation. And if they’ve got a sensible use of proceeds, there’s an opportunity to be able to create something for our investors and their investors at the same time.”

“The pipeline has been robust and busy,” says Usmar.

The company has 75 assets, including nine streams and 66 royalties.

These investments are tied to mining assets at various stages of the mining cycle, including 16 producing mines and 60 development and exploration-stage projects.

Shares last traded on August 23 at $13.09 each, down more than 16% since the IPO, capitalizing the company at $2.05 billion. TNM

“WE’RE REALLY HITTING OUR STRIDE, WITH RECORD SALES, WITH GOOD, HIGH PRICES, BUT ALSO GOOD, HIGH PRODUCTION NUMBERS.”

an initial open pit heap leach project producing an annual average of 93,000 oz. gold over a 13-year mine life.

The study was based on measured and indicated resources of 410.7 million tonnes grading 0.38 gram gold per tonne for 5 million oz. contained gold. The estimate used a cut-off grade of 0.15 gram gold per tonne.

Smallwood sees the company’s record revenue as further proof that the streaming model is now an important financial tool for the mining industry.

“It was 17 years ago that we created the streaming model and it took a long time for the industry to accept it as a as a valid source of capital, but it is now a very attractive, valid source of equity capital. We create value. If there’s a need for outside capital, a stream is always considered now, and that’s been the change.”

At presstime in Toronto, Wheaton was trading at $55 per share within a 52-week range of $44 to $73. The company has 450 million shares outstanding for a market cap of $25 billion. TNM

WHEATON From 9

The stream then drops to 4% of the gold production until 140,000 oz. are delivered, after which it drops to 3.5% of gold production for the remaining life of mine.

“It’s not a big transaction for us,” Smallwood said. “But you know, size for us isn’t super relevant. Our focus is quality. And that’s what stood out to us in terms of looking at Fenix.”

As part of the proposed agreement with Rio2, Wheaton will pay US$50 million in cash upfront, half of which is payable upon closing of the deal.

The remainder is payable subject to certain conditions, including Rio2 receiving an environmental impact assessment (EIA) for the project.

Fenix is located in Chile’s Atacama Region, about 160 km northeast of the city of Copiapo. Rio2 calls it one of the largest undeveloped prefeasibility stage gold oxide projects in the Americas. Fenix is about 20 km from Kinross Gold’s (TSX: K; NYSE: KGC) La Coipa gold-silver mine, 60 km from Kinross’ Maricunga gold mine, and 40 km from

RANDY SMALLWOOD PRESIDENT AND CEO, WHEATON PRECIOUS METALS

Hochschild Mining’s (LSE: HOC) Volcan gold project.

An updated prefeasibility study for Fenix in early August outlined

GLOBAL MINING NEWS

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11

GOLD SNAPSHOT EIGHT COMPANIES ON THE HUNT FOR MORE GOLD

BY MARILYN SCALES

Victoria Gold’s Eagle mine in the Yukon. VICTORIA GOLD

From the frozen Arctic to the sweltering tropics, Canadian gold seekers will be there.

Buoyed by the strong price, activity in gold exploration continues to rise. n BANYAN GOLD Banyan Gold (TSXV: BYN; US-: BYAGF) has two advanced exploration projects in the Yukon.

AurMac, 56 km northeast of Mayo is 100% owned, as is the Hyland project, 74 km northeast of Watson Lake.

Both gold projects are adjacent to producing mines — Victoria Gold’s (TSX: VGCX; US-OTC: VITFF) Eagle mine and Alexco Resource’s (TSX: AXU; NYSE-AM: AXU) Bellekeno silver mine at the Keno Hill project.

Last year Banyan produced an initial resource estimate for the Airstrip and Powerline zones at AurMac. Together they have 52.6 million tonnes of inferred resource grading 0.54 gram gold per tonne, containing 903,945 oz. gold. The Airstrip zone is the larger with 46 million tonnes at 0.52 gram gold per tonne, containing an estimated 774,926 oz. gold. The numbers were derived using a pit-constrained resource and a 0.2 gram gold per tonne cut-off grade.

This year’s drill campaign focuses on expanding the Powerline zone in all directions. Results thus far feature: 186 metres grading 0.48 gram gold per tonne, including 41.7 metres at 1.39 grams gold per tonne; 7 metres grading 6.81 grams gold per tonne, including 1.2 metres of 35.2 grams gold per tonne; and 50.3 metres grading 0.7 gram gold per tonne. The company says mineralization appears consistent and is open in all directions.

Metallurgical tests have recovered 90% of the gold in samples of oxide and sulphide mineralization from both Airstrip and Powerline.

Banyan acquired the Hyland property in 2013 from Victoria Gold. Exploration began the following year with drill highlights of 88.7 metres grading 0.24 gram gold per tonne, including 29.8 metres at 0.33 gram gold per tonne, and 23.7 metres at 0.37 gram gold per tonne.

The 2020 updated 43-101 technical report completed for the Main zone used a 0.3 gram goldequivalent per tonne cut-off. There were 8.6 million indicated tonnes grading 0.78 gram gold per tonne (216,000 contained oz. gold) and 7.04 grams silver per tonne (2 million contained oz. silver). The inferred resource was 10.8 million tonnes grading 0.77 gram gold per tonne (266,000 contained oz. gold) and 5.32 grams silver per tonne (1.8 million contained oz. silver). The company is making plans to restart exploration at Hyland next year.

Banyan Gold has a market capitalization of $54.8 million. n GATLING EXPLORATION Gatling Exploration (TSXV: GTR; US-OTC: GATGF) was spun off from Bonterra Resources (TSXV: BTR; US-OTC: BONXF) in 2018 and owns 100% of the Larder project, 35 km east of Kirkland Lake, Ontario. Central to the project on the Cadillac-Larder break is the past-producing Cheminis deposit.

To the west is the Fernland deposit and to the east is the Bear deposit.

The three deposits are connected along strike. They have a southeast

plunge and are open both at depth and along strike.

In 2011 a historic, non-43-101 compliant resource estimate for the Cheminis and Bear deposits outlined 335,000 indicated tonnes grading 4.07 grams gold per tonne (for 43,800 oz. contained gold) and 5.1 million inferred tonnes grading 5.55 grams gold per tonne (for 917,000 contained oz. gold). A cutoff of 2.5 grams gold per tonne and a gold price of US$1,207 per ounce was used.

Gatling has been drilling the Larder project since acquiring it in 2019. At Fernland, assays have re-

turned 11.9 grams gold per tonne over 4.0 metres; 1.1 grams gold per tonne over 101.3 metres; 0.8 gram gold per tonne over 114.3 metres; and 1.5 grams gold per tonne over 200.7 metres. The shallow mineralization at Fernland may have the potential for a starter operation.

The past-producing Cheminis deposit has a vertical shaft with six levels to a depth of 330 metres.

Assays here have included 5 metres grading 12.3 grams gold per tonne; 39.7 metres at 2.5 grams gold per tonne, 6.0 metres at 6.1 grams gold per tonne, and 2 metres at 7.1 grams gold per tonne.

Drilling at the Bear deposit has returned 6.1 metres grading 20.7 grams gold per tonne; 8.0 metres at 10.8 grams gold per tonne, 5 metres at 11.2 grams gold per tonne, and 3 metres at 84.1 grams gold per tonne. Gatling is also drilling a fourth zone, Swansea, to the west focusing on near-surface gold mineralization.

Earlier this year, Gatling announced it was adding a second drill rig at the Bear deposit to accelerate its exploration program ahead of a new resource estimate due by year-end. Metallurgical tests on samples of all three deposits were

also begun.

In 2019 the company acquired and began drilling the Kir Vit prospect, 6 km north of Larder. To date 13 of 16 holes have intersected mineralization grading more than 1.0 grams gold per tonne along a 500-metre strike length. Highlights of the program included 3 metres grading 5.9 grams gold per tonne; 3 metres of 5.1 gram gold per tonne; and 2 metres of 4 grams gold per tonne. The drill program is continuing. Channel sampling at Kir Vit has returned grades such as See GOLD SNAPSHOT / 12

COMPANY PROFILE

Check us out at: www.goldenarrowresources.com TSX-V: GRG | OTCQB: GARWF | FSE: G6A

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AUGUST 30–SEPTEMBER 12, 2021 / THE NORTHERN MINER

SPECIAL FOCUS GOLD

WWW.NORTHERNMINER.COM

Gatling Exploration’s Larder gold project in northern Ontario. GATLING EXPLORATION

GOLD SNAPSHOT From 11

16.2 grams gold per tonne over 1 metre and 2.8 grams gold per tonne over 7 metres, including 8.2 grams gold per tonne and 4.4 grams gold per tonne.

Gatling has a market capitalization of $16.3 million. n GRAN COLOMBIA GOLD Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) operates the Segovia mine in Colombia. The mine produced 196,362 oz. gold in 2020, and this year guidance is for between 200,000 and 220,000 ounces.

Segovia is made up of four separate underground mines exploiting only three of 27 known veins on the mining licence. The company is carrying out a 60,000-metre drill program — 40,000 metres as part of the in-mine and near-mine program and 20,000 metres to test high priority brownfield targets on the unmined veins.

Segovia’s conventional 1,500tonne-per-day Merrill-Crowe mill treated a daily average of 1,280 tonnes of mineralized material with a head grade of 14.6 grams gold per tonne last year. The mill also accepts ore under contract for processing from small mines in the region. The contracted volume is about 12% of throughput.

At the end of 2020, Segovia had measured and indicated resources

of 4 million tonnes grading 11.7 grams gold per tonne for 1.4 million contained oz. gold. There were an additional 3.7 million inferred tonnes grading 9.6 grams gold per tonne for 1.3 million contained oz. gold.

In March, Gran Colombia made a friendly, all-share offer valued at $315 million for Gold X Mining (TSXV: GLDX), in which Gran Colombia previously owned an 18% stake. Gold X’s principal asset is the Toroparu advanced coppergold project in Guyana.

The company raised $300 million with which to develop the Toroparu gold-copper project. The environmental authorization and the development and fiscal stability agreement are complete for the project.

The Toroparu and Sona Hill deposits occur at the margin between batholiths and the surrounding metavolcanic host rocks. The hydrothermal alteration halo has the potential to host several satellite deposits.

A preliminary economic assessment completed in 2019 outlined a 24-year mine life with the two deposits producing a total of about 4.5 million oz. of gold. The initial capital requirement was pegged at $378 million, with a further $232 million phase two expansion financed from internal cash flow.

A conventional open-pit operation is planned. Carbon-in-leach

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Gordon Kirk, soil sampler at Banyan Gold’s Hyland project, in 2016. BANYAN GOLD

technology will be used in the phase one operation of the mill, with a copper flotation circuit added in the second phase. Ore will be processed at a rate of 11,500 tonnes per day for the first 10 years and then increased to as much as 23,000 tonnes per day thereafter. The tailings storage facility will be staged and operated in three independent modules.

Gran Colombia gives both a gold resource and a silver-copper resource at Toroparu. The project has 252.6 million measured and indicated tonnes grading 0.91 gram gold per tonne for 7.4 million oz. contained gold and 128.9 million inferred tonnes grading 0.76 gram gold per tonne for 3.2 million ounces.

The copper-silver resources stand at 240.8 million measured and indicated tonnes grading 0.81 gram silver per tonne and 0.08% copper for 6.3 million oz. silver and 444 million lb. copper. The inferred resource is 117.3 million tonnes grading 0.7 gram silver per tonne and 0.04% copper for 276,000 oz. silver and 104 million lb. copper.

The two-phase 2021 drill program consisted of 20,750 metres in 114 holes. It confirmed a 4-km strike length of high grade, structurally controlled gold mineralization at Toroparu in minable widths of up to 100 metres vertical depth. High grade pipes ranging from 5 grams to 20 grams gold per tonne are surrounded by a lower grade halo grading from 0.5 gram to 5 grams gold per tonne.

Gran Colombia posits a large, disseminated deposit amenable to un-

derground mining. A preliminary economic assessment will be completed later this year.

Gran Colombia also owns about 44% of Aris Gold (TSX: ARIS; USOTC: ALLXF), which operates the Marmato gold mine in Colombia; about 27% of Denarius Silver (TSXV: DSLV) and about 26% of Western Atlas Resources Inc. (TSXV: WA).

Gran Colombia has a market capitalization of $478.6 million. n KENORLAND MINERALS Kenorland Minerals (TSXV: KLD; US-OTC: NWRCD) has three projects it considers flagship exploration assets: Frotet, a high grade gold project in northern Quebec, about 100 km north of Chibougamau and the Healy gold and Tanacross copper-gold-molybdenum projects in Alaska.

Its Frotet project is a joint venture with Sumitomo Metal Mining Canada.

One of its most exciting recent finds at Frotet is Regnault, which it announced in July 2020. Kenorland announced the discovery from its initial drill program at the R1 structure, and it appears to be a previously unknown gold system with no historic drilling. The best hole, 21RDD024, intersected 5.72 metres grading 90.56 grams gold per tonne, including 3.89 metres of 132.57 grams gold per tonne. Drill hole 21RDD037 stepped out approximately 250 metres to the West of the initial discovery hole and intersected 25.33 metres of 6.29 grams gold per tonne.

Assays from 30 holes, seven of

which targeted the R2 structure, were received earlier this year. Hole 21RDD041 returned 1.9 metres grading 13.59 grams gold per tonne and 30.8 grams silver per tonne.

The same hole also intersected 1.62 metres grading 11.17 grams gold per tonne and 21.96 grams silver per tonne, including 0.4 metre of 40.4 grams gold per tonne and 78.9 grams silver per tonne. Hole 21RDD045 cut 2.6 metres averaging 6.98 grams gold per tonne and 15.47 grams silver per tonne, including 0.4 metre of 44.2 grams gold per tonne and 90.1 grams silver per tonne.

The joint venture has 20,000 metres of drilling planned this summer at Regnault and further regional exploration on the Frotet property.

In Alaska, Kenorland optioned 70% of the Healy gold project, 180 km from Fairbanks, from Newmont (TSX: NGT; NYSE: NEM) in 2018. The property is located within the Tintina gold belt.

Kenorland mounted a drill program in 2019 consisting of 10 shallow, reverse circulation holes at Healy’s Bronk target area. The next year further geochemical and geophysical surveys were done.

This year the company began its first diamond drill program.

Approximately five thousand metres in 12 holes are planned to test the Thor, Bronk and Spike targets defined by soil anomalies. Assays were not available at press time.

This year a total of $14.4 million of exploration work has been approved by the company and its See GOLD SNAPSHOT / 13

GLOBAL MINING NEWS

SPECIAL FOCUS GOLD

THE NORTHERN MINER / AUGUST 30–SEPTEMBER 12, 2021

13

Hosting community visitors at Vista Gold’s Mt Todd gold project in Australia’s Northern Territory.

VISTA GOLD CORP.

Gran Colombia Gold’s Segovia gold mine, 180 km northeast of Medellin, Colombia. GRAN COLOMBIA GOLD

GOLD SNAPSHOT From 12

partners on the Healy and Frotet projects.

Kenorland’s 100%-owned Tanacross property covers a prospective copper-molybdenum-gold porphyry occurrence about 335 km southeast of Fairbanks. It lies within the Yukon-Tanana Terrane. The company holds 45,900 hectares of state-owned land. Tanacross has a 25-person camp with an airstrip at the property.

Kenorland has several other early stage projects in the pipeline. In Quebec these include Chicobi, Chebistuan, O’Sullivan, and Hunter. In Ontario it holds the South Uchi gold property. Though all are less advanced than Frotet, Healy and Tanacross, these projects await further attention.

Kenorland has a market cap of about $32 million. n MONETA PORCUPINE MINES Moneta Porcupine Mines (TSX: ME; US-OTC: MEAUF) has been consolidating its land package in the Timmins gold camp of Ontario.

Its latest acquisition was its $48 million purchase of O3 Mining’s (TSXV: OIII; US-OTC: OIIIF) Golden Bear assets, including the Garrison gold project.

Moneta closed the deal in January and folded the assets into its flagship Tower gold project, 100 km east of Timmins, near Matheson.

Tower now includes 100% ownership of both the Garrison and Golden Highway gold properties, making the company one of the

largest landholders in the camp.

The Tower project has a defined resource base. Recoverable by open pit methods, there are 111.7 million indicated tonnes grading 0.89 gram gold per tonne and 79.4 million inferred tonnes at the same grade. The underground portion contains 4.9 million indicated tonnes grading 4.05 grams gold per tonne and 2.1 million inferred tonnes grading 4.21 grams gold per tonne. Contained gold in all resources is estimated to be almost 8 million ounces.

The goal of this year’s drill program at Tower is to expand resources since there are multiple deposits at the project. There are potential pits at the Windjammer South, 55, Westaway, and Garrison deposits, as well as underground potential at Garrison and Golden Highway.

The deposit with the most advanced program is the South West deposit at the Golden Highway project. A preliminary economic assessment completed in September 2020 outlined an underground mine that could produce 719,000 oz. of gold over its lifetime with average annual output of 75,700 ounces. Costs would be low with initial capital of $144 million and sustaining capital of $135 million. The total all-in sustaining cost would be US$747 per ounce.

The South West project carries an after-tax net present value, at a 5% discount rate, of $236 million and an after-tax internal rate of return of 30% at a gold price of US$1,500 per ounce. After-tax payback would be 3.4 years. The underground project could generate

average annual free cash flow of $49 million.

Moneta anticipates using ramp development with longitudinal long-hole stoping and bulk underground mining methods. The mine life would be 11 years, including a two-year ramp-up period.

Peak production of 85,700 oz. gold would be reached in year five.

The PEA set aside about $40 million for processing facilities. Because the South West deposit is only a few kilometres from Kirkland Lake Gold’s (TSX: KL; NYSE: KL; ASX: KLA) Holt mill, toll milling may be an option that would reduce capex costs.

The potential exists elsewhere at the Golden Highway project to expand production from additional deposits on the property.

Moneta also has exploration projects in the Porcupine gold camp, closer to Timmins. The company owns 100% of the Nighthawk Lake, North Tisdale and Kayorum properties. The historic Moneta gold mine, which produced 149,250 oz. of gold between 1938 and 1943, is located on the Kayorum claims.

West of Timmins, the company holds 100% of the Denton property, known primarily for its two historical nickel zones discovered by Hollinger Mines in 1958 and 1960.

Moneta Porcupine Mines has a market capitalization of $210 million. n SEABRIDGE GOLD Seabridge Gold (TSX: SEA; NYSE: SA) is ranked among the world’s ten companies with the largest gold reserves, thanks to it prefeasibil-

ity stage Kerr-Sulphurets-Mitchell and Courageous Lake projects.

The two projects hold a combined 45 million oz. of gold in proven and probable reserves. In addition, Seabridge has more copper per common share issued than any copper company. The KSM project has permits covering 17.6 billion lb.

of copper in the measured and indicated categories.

Both projects received provincial and federal environmental approvals in 2014.

The KSM copper-gold project is located about 65 km northwest of Stewart, B.C. The Kerr deposit is a north-south trending tabular porphyry intrusive complex. It has a strike of 2,400 metres and extends vertically at least 2,400 metres. The west limb is up to 500 metres thick, and the east limb is up to 300 metres thick.

Sulphurets is structurally complex and distinctly different from the other KSM deposits. Its defining feature is a series of thrust fault panels intruded by several narrow dykes, sills and stocks related to the diorite intrusion associated with Kerr and Mitchell. The main Sulphurets body has a lens shape, dipping about 30 degrees to the northwest and extending horizontally for 2,200 metres, down dip for 550 metres and up to 330 metres thick.

The Mitchell deposit is a composite intrusive complex of extensively foliated rocks. The mineralization outcrops in an elliptical pattern covering 1,000 metres east-west and 850 metres north-south with a vertical extent of 1,100 metres.

Iron Cap is the farthest north deposit in the KSM district. It is above the Mitchell deposit in a panel between the Mitchell and Sulphurets thrust faults. Iron Cap has a tabular shape striking 1,500 metres along a north-south strike and dipping about 60 degrees to the west. The deposit is at least 1,500 metres down dip and up to 800 metres thick.

At the end of 2020, the four deposits at the KSM project had total proven and probable reserves of 2.2 billion tonnes averaging 0.55 gram gold per tonne, 0.21% copper, 2.6 grams silver per tonne, and 42.6 parts per million (ppm) molybdenum. Together the contained metal content sits at 38.8 million oz. gold, 10.2 billion lb. copper, 183 million oz. silver, and 207 million lb. molybdenum.

Measured and indicated resources at KSM total 3 billion tonnes averaging 0.52 gram gold per tonne, 0.21% copper, 2.8 grams silver per tonne, and 48 ppm molybdenum.

The inferred resource (recoverable both by open pit and underground See GOLD SNAPSHOT / 14

14

AUGUST 30–SEPTEMBER 12, 2021 / THE NORTHERN MINER

SPECIAL FOCUS GOLD

GOLD SNAPSHOT From 13

methods) is 4.6 billion tonnes averaging 0.38 gram gold per tonne, 0.32% copper, 2.4 grams silver per tonne, and 29 ppm molybdenum.

Seabridge has outlined a 52year mine plan, as described in the prefeasibility study updated in 2020.

The after-tax numbers include a net present value (at a 5% discount rate) of US$6 billion. There would be a four-year payback on a US$5.2 billion pre-production capital expenditure. Production over the life of mine would be 27.6 million oz. gold and 20.8 million lb. copper.

A 170,000-tonne-per-day processing plant would be built. The total cost of production is estimated to be US$4 per oz. gold, net of byproduct revenues and inclusive of all project capital requirements.

The company is completing data collection to advance KSM to final feasibility. Further exploration has been suspended because the known resources will support a multi-generational project.

In December 2020, Seabridge bought the Snowfield gold property, adjacent to the KSM project, from Pretium Resources (TSX: PVG; NYSE: PVG) for a US$100 million cash payment, a 1.5% net smelter return royalty, and a future contingent payment. Work is underway on integrating Snowfield into the KSM feasibility study.

Snowfield has measured and indicated resources of 1.4 billion tonnes averaging 0.59 gram gold per tonne, 1.72 grams silver per tonne, 0.06% copper, 85.5 ppm molybdenum, and 0.51 ppm rhenium. The metal contained in these resources totals 25.9 million oz. gold, 75.8 million oz. silver, 2.98 billion lb. copper, 258.3 million lb. molybdenum, and 22.5 million oz. rhenium. The inferred Snowfield resource is 833.2 million tonnes averaging 0.34 gram gold per tonne, 1.9 grams silver per tonne, 0.06% copper, 69.5 ppm molybdenum, and 0.43 ppm rhenium. Contained metal adds up to 9 million oz. gold, 40.1 million oz. silver, 127.7 million lb. molybdenum, and 11.5 million oz. rhenium.

Seabridge also has a 100% interest in the Iskut project, 30 km from KSM. Formerly known as Bronson Slope, it became part of Seabridge’s portfolio with the acquisition of Snip Gold in 2016.

The Quartz Rise gold-copper porphyry target was drilled last year, revealing mineralized intervals of up to 158 metres long and grading 0.16 gram gold per tonne.

Iskut’s pit-constrained resources

The core shack at Moneta Porcupine’s Golden Highway project. MONETA PORCUPINE MINES

stand at 186.9 million measured and indicated tonnes grading 0.36 gram gold per tonne, 0.122% copper and 2.19 grams silver per tonne for 2.2 million oz. contained gold, 502.7 million lb. copper, and 13.2 million oz. silver. There are also 4.9 million inferred tonnes averaging 0.32 gram gold per tonne, 0.07% copper and 2.19 grams silver per tonne for 8.1 million oz. gold, 50,000 lb. copper and 350,000 oz. silver.

Seabridge says the Iskut property has magnetic and resistivity anomalies similar to the Kerr Deep zone.

This year’s drill program is following up on previous work that the company says points toward a large gold-copper porphyry system.

The Courageous Lake gold project, 240 km northeast of Yellowknife in the Northwest Territories, is another Seabridge core property.

It covers a land position 52 km long and covers about 85% of the Matthews Lake greenstone belt.

There are two deposits — FAT and Walsh Lake. A 2012 prefeasibility study is being redesigned to a smaller, less capital intensive scale than originally planned.

In May 2020, Seabridge acquired 100% of the 3 Aces gold project from Golden Predator Mining for 300,000 shares and a 0.5% NSR royalty. Located in southwestern Yukon’s Selwyn Basin, the project is accessible year-round by road and has a 25-person camp.

In August, Seabridge restarted drilling its 100%-owned Snowstorm gold project in northern Nevada.

It sits on the intersection of three major gold belts in the state. It was acquired from Paulson & Co. in a

A site tour of Seabridge Gold’s KSM project in northwestern British Columbia. SEABRIDGE GOLD

shares and warrant deal in 2017.

The company drilled Ordovician carbonate stratigraphy characteristic of Getchell style deposits in 2019, and last year confirmed the presence of gold mineralization.

This year’s drill program is following up on promising intersections.

Seabridge Gold has a market capitalization of $1.6 billion.

n VICTORIA GOLD Victoria Gold (TSX: VGCX; USOTC: VITFF) declared commercial production in July 2020 at its wholly owned Eagle (Dublin Gulch) gold mine in the Yukon, about 375 km north of Whitehorse. The open pit and heap leach operation produced 116,644 oz. gold last year and the company’s 2021 guidance has been

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Focused on the conversion and expansion of resources, making new discoveries and a commitment to ESG

set at between 180,000 and 200,000 ounces.

Gold is leached using a cyanide solution and recovered in an adsorption-desorption-regeneration carbon plant. The company estimates it will recover 2.4 million oz. of gold at an average recovery rate of 77% over a mine life of 13 years.

The Eagle deposit has proven and probable reserves of 148 million tonnes with a diluted grade of 0.64 gram gold per tonne for 3.1 million contained oz. gold. Approximately 110.4 million tonnes of mineralized material will come from this deposit.

A second deposit, Olive, is contributing 6.5 million tonnes per year of ore to the heap. It has proven and probable reserves of 7 million tonnes with a diluted grade of 0.95 gram gold per tonne for 200,000 gold ounces.

Victoria is examining what it calls ‘Project 250K’ that would raise Eagle’s output to 250,000 oz. gold per year. The company is examining year-round stacking of the heap and scalping the fines between crushers. Engineering is underway and a decision is expected in the third quarter of this year.

‘Project 2040’ would see the pit deepened and extend the mine life 10 extra years to 2040. The pit is currently planned to 350 metres, but the mineralization is known to extend to at least 650 metres. A 10,000-metre drilling program is underway and a resource update is expected by the end of the year.

Victoria is looking to the Dublin Gulch claim block as a district scale See GOLD SNAPSHOT / 15

GLOBAL MINING NEWS

SPECIAL FOCUS GOLD

THE NORTHERN MINER / AUGUST 30–SEPTEMBER 12, 2021

15

SSR advances Ardich in Turkey towards first reserve estimate | Company says deposit near Copler mine is a key organic growth initiative

GOLD

The sulphide plant at the Copler gold mine in Turkey.

SSR MINING

A drill crew at Kenorland Minerals’ Frotet project in the Frotet-Evans greenstone belt of Quebec, 100 km north of Chibougamau.

KENORLAND MINERALS

GOLD SNAPSHOT From 14

opportunity. Last year it trenched the Lynx target and drilled four diamond drill holes. Drilling returned 153.8 metres grading 0.49 gram gold per tonne, including 8.4 metres grading 6.14 grams gold per tonne, and 11.9 metres grading 1.26 grams gold per tonne and 13.5 metres of 1.12 grams gold per tonne.

The Raven target was drilled to a strike length of 450 metres, a width of 400 metres and a depth of 180 metres. The mineralization is open in all directions, so the company has made Raven the primary target of this year’s $12.5 million drill campaign. An initial resource estimate is expected by the end of 2021.

The best holes reported last year included 3.95 grams gold per tonne over 19 metres and 4.48 grams gold per tonne over 13.7 metres. An intersection of 50.8 metres grading 2.63 grams gold per tonne was also returned.

In May, Coeur Mining (NYSE: CDE) announced its intention to acquire a 17.8% interest in Victoria Gold from Orion Mine Finance.

Orion is reducing its interest in Victoria from 36% to 19.99% and remains the miner’s largest shareholder.

Victoria Gold has a market capitalization of $964.4 million. n VISTA GOLD Vista Gold (TSX: VGZ; NYSE: NGZ) wholly owns Mt Todd, which it describes as the largest undeveloped gold project in Australia.

Located in the Northern Territory, about 250 km southeast of Darwin, the project includes the suspended Mt Todd mine.

As a brownfield development, Mt Todd has existing infrastructure including paved road access, a power grid, natural gas, fresh water, a tailings impoundment area, and a surrounding pool of labour and technical personnel.

Gold and tin were discovered in the Mt Todd area in 1889. Gold production began about 1902, followed in 1913 by the discovery of tungsten in the region, and the hunt for uranium in the 1950s.

Exploration once again turned to gold in the 1980s. The Batman deposit was discovered in 1988.

Batman operated as a heap leach from 1993 to 1997 but was a victim of low gold prices at the time.

A joint venture attempted to restart production in 1999, but operations ceased in July 2000, and most of the equipment was sold and removed from the site.

Vista acquired the project in 2006 and since then, the company says it has spent US$100 million at Mt Todd. It has invested in environmental programs, drilled over 60,000 metres, tripled the gold resource, and addressed operational issues that challenged previous owners.

The company also completed a preliminary feasibility study in 2013. Major mining and environmental approvals have been received from the territorial and federal governments. After metallurgical testing, project optimization to reduce costs, and the rise of the gold price, the company updated the prefeasibility study in September 2020.

The recent PFS anticipates an owner-operated open pit with a mining rate of 50,000 tonnes per day. The mill would have an annual

throughput of 17.8 million tonnes with an average head grade of 0.82 gram gold per tonne and 0.06% copper. The flowsheet would include crushing, high pressure roll grinding and ore sorting before placement on the heap. Gold would be recovered from pregnant solution using a carbon-in-pulp circuit.

Work has begun on the Mt Todd feasibility study, due in the first quarter of 2022.

Included in the reserve and resource numbers are three deposits — Batman, Heap Leach and Quigleys. Together they have proven and probable reserves of 221 million tonnes grading 0.82 gram gold per tonne for 5.5 million contained oz. gold. This estimate is included in the measured and indicated resources of 299.1 million tonnes grading 0.82 gram gold per tonne for 7.9 million contained oz. gold.

The Batman orebody is the largest of the deposits. It has 277.8 million measured and indicated tonnes grading 0.82 gram gold per tonne and containing 7.4 million oz. gold.

Other than the Batman deposit, the company has not drilled other targets much below a depth of 100 metres.

Vista has four advanced targets: 1) Quigleys, which has potential to become a higher grade satellite target; 2) Wandie, which contains iron-ore-copper-gold (IOCG) targets; Golden Eye, which features sheeted vein mineralization (like Batman’s); and Gold-Tollis, a pastproducer with limited deep drilling. Vista also has other early stage exploration targets: Wolfram Hill, El Sherana, Blanchards, Black Hill, and Driffield.

Vista Gold has a market capitalization of US$96 million. TNM

D

BY ALISHA HIYATE

rilling at SSR Mining’s (TSX: SSRM; NASDAQ: SSRM; ASX: SSR) Ardich gold deposit in Turkey has returned strong results as the company plans an initial reserve estimate slated for next year, followed by first production in 2023.

SSR reported results from 194 diamond drill holes completed between March 2020 and May 2021 at Ardich, located 6 km from its Copler gold mine.

Highlights from step-out drilling included 40.7 metres of 7.48 grams gold per tonne (including 5 metres of 29.99 grams gold per tonne) from 155 metres depth in hole AR274; 24.5 metres of 4.18 grams gold per tonne (including 1 metre of 35.1 grams gold per tonne) from 246 metres in hole AR280; and 62.7 metres of 2.98 grams gold per tonne (including 3.4 metres of 13.43 grams gold per tonne) from 163 metres in hole AR356.

SSR completed a preliminary economic assessment last November for its 80%-owned Copler district, including the Copler mine, which produces sulphide ore and Ardich, a predominately oxide deposit.

The company says Ardich is a key organic growth initiative, with the PEA highlighting the potential for the deposit to contribute 1.1 million oz. of gold over an 11-year mine life for a capital investment of $50 million.

SSR currently has seven drills at Ardich conducting infill and step-

out drilling.

“These are great results and we are eager to build them into our models as we aim to both improve on the Ardich PEA case presented in the current technical report and deliver an initial mineral reserve statement for the project,” Rod Antal, SSR’s president and CEO, stated in a press release.

“Permitting and other works required to bring Ardich into production continue in parallel with the exploration and resource definition drilling.”

Commenting on the assays, Cosmos Chiu of CIBC’s equity research team, noted that the drill results “included step-out holes, located to the west, south and south-west of the current Ardich mineral resource area, and point to the continued potential of resource expansion and growth, in addition to confirmation of current resources.”

Ardich is located 1.5 km north of SSR’s 50%-owed Cakmakepe mine (an oxide deposit), itself located about 5 km away from its 80%owned Copler operation. Most of the resources so far defined at Ardich (96%) are on ground that is 80% held by SSR. The Copler mine is expected to produce 310,000 to 340,000 oz. gold this year at all-in sustaining costs of US$760-810 per ounce.

In June, the company completed a supplemental flotation circuit at its sulphide processing plant at Copler.

Commissioning and ramp-up are expected to be completed in the third quarter. TNM

16

SPECIAL FOCUS GOLD

AUGUST 30–SEPTEMBER 12, 2021 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

Roscan reports high-grade results from Kandiole project MALI

| Project sits 25 km east of B2Gold’s producing Fekola mine

BY NORTHERN MINER STAFF

R Inside the core shack at Montage Gold’s Koné project. MONTAGE GOLD

Montage Gold says Koné resource in Côte d’Ivoire has ‘exceeded objective’ GOLD

| Exploration strategy now pivots from infill to growth

BY HENRY LAZENBY

O

rca Gold (TSXV: ORG) subsidiary Montage Gold (TSXV: MAU; US-OTC: MAUTF) has exceeded its exploration objective at the Koné gold project in Côte d’Ivoire with 100% resource conversion and resource growth.

Montage has reported an initial indicated resource for Koné, outlining 225 million tonnes grading 0.59 gram gold per tonne for 4.27 million oz. of contained gold at a 0.2 gram gold per tonne cut-off grade.

Notably, the new resource estimate also entails a higher-grade component to the deposit, increasing in size, grade and confidence level. It comprises 77 million tonnes indicated, grading 1.0 gram gold per tonne for 2.55 million oz. at a 0.6 gram gold per tonne cut-off grade.

Montage also released an updated inferred resource of 22 million tonnes grading 0.45 gram gold per tonne for 320,000 oz. at a 0.2 gram gold cut-off grade.

Montage CEO Hugh Stuart says the exploration strategy now pivots from infill to growth.

“Our goal was to demonstrate a high level of conversion from inferred to indicated and we have exceeded our objective with 100% conversion and additional resource

growth,” he commented in a press release. “It is also significant that the grade profile of the deposit has remained consistent with grades used in the preliminary economic assessment (PEA) released in May. “The Koné continues to demonstrate the benefits of scale with its wide zones of homogenous mineralization (true widths exceeding 250 metres in areas) and a low strip ratio (less than 1:1). In addition, with over 100,000 metres of drilling now completed we have more detail and a better understanding of the highergrade areas of the deposit.”

The transition from an inferred resource estimate to an indicated resource is a critical step towards the company’s first mineral reserve estimate, which will form the basis of the feasibility study.

The feasibility study is said to be on track for delivery by year-end 2021.

The May PEA outlined an 11 million tonnes per annum operation producing 3 million oz. of gold over a 14.7-year mine life.

Annual gold output is expected to average 249,000 ounces in the first nine years and 205,000 oz. a year over the life-of-mine. Peak output of 308,000 oz. gold occurs in years two and three.

The PEA calculated an after-tax net present value (at a 5% discount rate) of US$652 million and an internal

rate of return of 31% at a base price assumption of US$1,600 per ounce.

Koné will cost US$490 million to build, but low all-in sustaining costs during the initial three years of US$835 per oz. makes for a relatively rapid payback of 2.8 years.

Stuart has previously described the project as potentially one of the most significant gold projects in an emerging African district.

“The key drivers of this are the simplicity of the project with true mineralized widths up to 330 metres, solid metallurgy lending itself to a standard flowsheet and low operating costs and a low-cost on-site power source. It is also important to note that the PEA represents a snapshot in time and the resource base has the potential to grow further,” Stuart said at the time.

The Koné project is about 350 km north-west of Yamoussoukro, the political capital of Côte d’Ivoire, and about 600 km northwest of Abidjan, the commercial capital of the country.

The project is near existing infrastructure, including grid power, transport and water resources.

Montage shares, listed in Toronto last October, last traded at 68¢ per share, but stock remains down 26% in the year-to-date period. Montage has a market capitalization of $71.36 million. TNM

oscan Gold (TSXV: ROS; US -OTC: RCGCF) has released a new batch of drill results from its Kandiole project in Mali, about 400 km west of the nation’s capital, Bamako, and says it expects to deliver a first resource estimate before the end of the year.

Results from the project’s Southern Mankouke zone included 3.53 grams gold per tonne over 17 metres starting from 121 metres in drillhole RCMAN21-55; 4.06 grams gold per tonne over 5 metres from 67 metres in drillhole RCMAN21-51; and 4.43 grams gold per tonne over 5 metres starting from 42 metres in drillhole RCMAN21-48. The holes were drilled into the Mankouke Discovery zone (MS3).

The mineralization at MS3 is near surface, starts in saprolite, and is open to the west, north and east.

Highlights from the Mankouke Discovery zone (MS1) featured 3.31 grams gold per tonne over 16 metres starting from 258 metres in drillhole DDMAN21-116, including 11.97 grams gold per tonne over 3 metres and 1.48 grams gold per tonne over 12 metres. Drillhole DDMAN21-114 returned 3 metres of 11.03 grams gold per tonne from 126.5 metres and 3.43 grams gold over 9 metres from 141.5 metres in drillhole DDMAN21-112.

The mineralization at MS1 is strongly associated with the alteration and often with occurrences of quartz veins and veinlets and also fractured rock. It is open at depth and laterally.

“We continue to be very excited as the mineralization of our Mankouke South flagship continues to expand, now with the doubling of the MS3 footprint, which remains open to the west-east and at depth,” Nana Sangmuah, the company’s president and CEO, stated in a news release. “At MS1, we are also very pleased by the broadening of the sulphide zone at depth with consistent high-grade intercepts, pointing to the feeder zone opening up at depth.”

The project is about 25 km east of B2Gold’s (TSX: BTO; NYSEAM: BTG) producing Fekola mine, and is within trucking distance of Iamgold’s (TSX: IMG; NYSE:IAG) Boto and Diakha deposits. Other major gold deposits within 80 km of Kandiole include Barrick Gold’s (TSX: ABX; NYSE: GOLD) Loulo and Gounkoto; Iamgold and AngloGold Ashanti’s (NYSE: AU) Sadiola; and privately held BCM’s Tabakoto and Segala.

Last year the company reported three discoveries: Kandiole North, about 10 km from its f lagship Mankouke South target; Mousalla North, about 8 km northeast of Kandiole North; and Walia, about 15 km from Kandiole North.

The company has also been busy acquiring new parcels of land in the region.

Over the last year, Roscan has traded in a range of 27.5¢ and 64¢ and at presstime was trading at 28.5¢. The junior has about 328 million common shares outstanding for a market cap of about $94 million. TNM

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M A R K E T N EWS TORONTO STOCK EXCHANGE / AUGUST 16 – 20 The S&P/TSX Composite Index fell 179.1 points or 0.87% to finish the August 16-20 trading week at 20,339.00. The S&P/TSX Global Mining Index dropped 7.48% to 100.51 and the S&P/TSX Global Base Metals Index plunged 10.06% to 158.84. The S&P/TSX Global Gold Index lost 3.01% to 281.16 and spot gold dipped US$1.00 per oz. to US$1,780.70 per ounce.

Shares of Argonaut Gold rose 16¢ to $2.99 per share on no corporate news. Earlier this month the company reported record quarterly production of 63,749 gold-equivalent ounces for the three months ended June 30, compared with production of 31,531 goldequivalent ounces in the same quarter last year. Cash costs during the second quarter came in at US$876 per oz. gold sold and allin sustaining costs were US$1,187 per gold oz. sold, compared with US$885 per oz. and US$1,080 per ounce in the year-earlier quarter.

Net income reached US$21.8 million or 7¢ a share, an increase from a net loss of US$7.7 million or 4¢ per share in the second quarter of 2020. Cash flow from operating activities before changes in non-cash operating working capital totaled US$39.3 million, an increase from US$11.8 million in the second quarter of 2020. The company also reported that its

open-pit Magino project in Ontario is on track for first gold pour during the first quarter of 2023, and that it expects to ramp up the new conveying and stacking system at its Florida Canyon open-pit mine in Nevada during the third quarter.

Next Source Materials advanced 14¢ to $2.58 per share. The company updated investors on its Molo graphite project in Madagascar.

The company said the fully funded mine is on schedule to commission in the second quarter of 2022. Construction is on track with all major equipment fabricated and ready to be received by its contractor; personnel have been mobilized to site; site works are on schedule to commence in the third and fourth quarter of this year, and plant equipment installation TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Nevada Copper Suncor Energy Kinross Gold Barrick Gold First Quantum Yamana Gold B2Gold Corp Teck Res Ivanhoe Mines Lundin Mng

NCU 43843 SU 39954 K 20733 ABX 16518 FM 12112 YRI 11141 BTO 11092 TECK.B 10781 IVN 10452 LUN 10237

0.15 23.90 7.70 25.58 27.05 5.59 4.94 28.16 9.87 11.22

WEEK LOW CLOSE CHANGE

0.09 21.90 7.23 24.19 22.80 5.32 4.68 24.84 8.76 9.57

0.10 22.45 7.30 24.64 23.46 5.38 4.69 25.24 8.99 9.69

-

0.07 1.57 0.30 0.74 3.12 0.10 0.20 3.35 0.95 1.60

is on schedule to start in the first and second quarter of 2022. During its first phase, the mine is expected to produce about 17,000 tonnes a year of SuperFlake graphite concentrate, with freight on board (FOB) operating costs of US$566 per tonne.

Shares of Dynacor Gold Mines climbed 9¢ to $2.62. The junior, which purchases and processes ore in Peru from artisanal and small-scale miners and is also exploring for

gold at its Tumipampa project in the country’s Apurimac department, reported US$16 million in sales for the month of July. Gold production in July hit a new monthly record of 10,383 gold-equivalent ounces. The company purchased over 14,000 tonnes and processed over 12,000 tonnes of mineralized material.

The company’s 2021 guidance forecasts US$150 million in sales and net income of US$6.9 million or 18¢ per share. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

SouthGobi Res Aquila Res EurOmax Res Mawson Res Titan Mining Orea Mining Yorbeau Res Arizona Gold Karnalyte Res Intl Tower Hil Nevada Copper Fury Gold Century Global St Augustine Americas Silvr Labrador IOR Trevali Mining HudBay Min New Pac Metals Copper Mtn Mng

SGQ AQA EOX MAW TI OREA YRB AZG KRN ITH NCU FURY CNT SAU USA LIF TV HBM NUAG CMMC

VOLUME (000s)

WEEK LOW CLOSE CHANGE

49 0.20 0.00 861 0.08 0.06 160 0.08 0.06 527 0.26 0.23 369 0.35 0.28 1548 0.14 0.12 203 0.05 0.04 1789 0.12 0.09 27 0.22 0.18 10 1.12 1.02 43843 0.15 0.09 742 1.13 0.85 8 0.28 0.22 3618 0.08 0.07 1009 1.52 1.21 2576 49.37 39.40 5053 0.21 0.16 6463 8.18 6.71 332 4.55 3.78 5384 3.49 2.84

0.20 0.08 0.08 0.25 0.34 0.14 0.05 0.12 0.20 1.12 0.10 0.87 0.22 0.07 1.24 40.28 0.17 6.88 3.80 2.95

+ + + + + + + + + + -

50.0 25.0 25.0 13.6 13.3 12.5 11.1 9.5 8.3 6.7 42.4 20.9 20.4 18.8 18.4 18.4 17.5 17.2 16.7 16.2

Atalaya Mining Perpetua Res Argonaut Gold NextSource Mat Dynacor Gld Mn Verde Potash Intl Tower Hil SouthGobi Res Titan Mining Serabi Gold Franco-Nevada Labrador IOR Nutrien Teck Res Teck Res First Quantum Turquoise HIl Pan Am Silver Altius Mnrls MAG Silver

AYM PPTA AR NEXT DNG NPK ITH SGQ TI SBI FNV LIF NTR TECK.B TECK.A FM TRQ PAAS ALS MAG

8 221 3411 290 272 170 10 49 369 9 1741 2576 3707 10781 7 12112 977 2298 403 742

WEEK CLOSE

CHANGE

5.70 6.73 2.99 2.58 2.62 1.33 1.12 0.20 0.34 1.08 181.18 40.28 76.10 25.24 31.60 23.46 17.14 30.66 15.63 21.76

+ 0.20 + 0.18 + 0.16 + 0.14 + 0.09 + 0.07 + 0.07 + 0.07 + 0.04 + 0.03 - 12.55 - 9.07 - 3.53 - 3.35 - 3.15 - 3.12 - 2.67 - 2.53 - 2.28 - 2.20

TSX VENTURE EXCHANGE / AUGUST 16 – 20 The S&P/TSX Venture Composite Index fell 58.55 points or 6.34% to finish the August 16-20 trading week at 864.51. Spot gold fell US$1.00 per oz. to US$1,780.70 per ounce.

Shares of Neo Battery Materials rose 17¢ to 78¢. The junior announced it had produced the first prototype of silicon (Si) anode active materials and sent samples to partners for cell evaluation and electrochemical characterization. The company has five patents on its silicon nanocoating process, and its goal is to become an integrated silicon producer and anode materials supplier to the electric vehicle industry. The company also has 467 hectares of mining claims targeting silica in quartzite in Golden, British Columbia.

Western Magnesium rose 16¢ to 77¢. The junior announced it had chosen Harrison County in Ohio as the site for the first fullscale deployment of its proprietary magnesium extraction technology in the United States. The company noted that the 122-acre (49 hectare) site is adjacent to the future home of a mixed fuels power plant; is close to a supply of dolomite; and near rail and highways. Western Magnesium said it plans to build a 100,000 tonne plant, which it says is the equivalent of

about 10% of the world’s current supply. The plant will produce 99.8% pure magnesium metal and the company said it plans to break ground on the plant in the next 18 months.

Pure Energy Minerals climbed 15¢ to $1.45 per share. Pure Energy Minerals reported on August 17 that Schlumberger, its partner and operator of the Clayton Valley lithium project in Nevada, has received approval from the Bureau of Land Management for a plan of operations covering the construction and operation of a pilot plant at the lithium brine project. Schlumberger has also received permit approval for the associated reclamation plan from the Nevada Division of Environmental Protection.

Noront Resources rose 2¢ to 59¢ per share.

TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Leeta Gold Recharge Res AbraSilver Res Manganese X Noront Res Emerita Res Saturn Mnrls Intl Lithium Fabled Silver Decade Res

HIVE 10011 RR 5930 ABRA 5044 MN 4883 NOT 4554 EMO 4255 SOIL 3944 ILC 3917 FCO 3601 DEC 3575

4.04 0.17 0.47 0.42 0.64 1.97 0.16 0.07 0.16 0.06

WEEK LOW CLOSE CHANGE

3.35 0.08 0.38 0.27 0.56 1.61 0.13 0.05 0.14 0.05

3.89 0.08 0.40 0.31 0.59 1.63 0.13 0.06 0.15 0.06

+ + + + +

0.06 0.06 0.07 0.05 0.02 0.36 0.02 0.01 0.01 0.01

On August 20 the junior’s board of directors recommended that shareholders accept BHP’s all-cash offer for the company proposed on July 27, which it says is fair and is superior to an earlier offer from Wyloo Metals announced on May 25. BHP’s offer of 55¢ per share represents a premium of 129% to Noront’s closing share price of 24¢ per share on May 21, the last

trading day prior to Wyloo’s offer of 31.5¢ per share. Noront noted that BHP’s offer price is 75% higher than that of Wyloo Metals. Noront is developing its Eagle’s Nest nickel, copper, platinum and palladium deposit and chromite deposits (Black Bird, Black Thor and Big Daddy), all of which are situated in the James Bay lowlands of Ontario’s Ring of Fire. TNM

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

Arcland Res Adex Mining Cyon Explor Elcora Adv Mat Fjordland Exp Millennium Sil Castle Peak Mg Blue River Res Galore Res Latin Metals Recharge Res Altan Nevada ZEB Nickel Independence G Intl Prospect GK Resources Silver Range Alliance Mng Fosterville MAX Res

ADR.H ADE CYON ERA FEX MSC CAP BXR GRI LMS RR ANE ZBNI IGO IZZ NIKL SNG ALM FSX MXR

64 241 576 516 1200 1263 849 2757 245 22 5930 811 86 1333 158 178 423 27 875 736

0.38 0.02 0.12 0.08 0.14 0.03 0.02 0.02 0.02 0.17 0.17 0.03 0.70 0.10 0.20 0.23 0.14 0.60 1.59 0.19

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.00 0.01 0.09 0.06 0.09 0.02 0.02 0.02 0.02 0.13 0.08 0.02 0.00 0.06 0.15 0.17 0.09 0.58 1.07 0.14

0.18 0.02 0.12 0.08 0.14 0.02 0.02 0.02 0.02 0.17 0.08 0.02 0.46 0.07 0.15 0.17 0.09 0.58 1.14 0.14

+ 191.7 + 50.0 + 43.8 + 36.4 + 35.0 + 33.3 + 33.3 + 33.3 + 33.3 + 32.0 - 44.4 - 40.0 - 33.1 - 30.0 - 29.3 - 28.3 - 28.0 - 27.5 - 26.5 - 26.3

VOLUME (000s)

Abitibi Royal Cons Uranium NEO Battery Stakeholdr Gld Western Mag Pure Energy Pac Booker Min IsoEnergy Ltd P2 Gold Arcland Res New Found Gold Nouveau Monde Filo Mg Corp Sigma Lithium Artemis Gold Great Bear Res Tanqueray Expl Rock Tech Lith Chesapeake Gld Fosterville

RZZ CUR NBM SRC WMG PE BKM ISO PGLD ADR.H NFG NOU FIL SGMA ARTG GBR IPA RCK CKG FSX

WEEK CLOSE

3 20.90 489 1.85 1652 0.78 133 0.94 1989 0.77 231 1.45 47 2.30 498 2.17 346 0.53 64 0.18 2263 8.53 209 7.58 637 8.61 348 9.10 382 5.19 214 13.46 209 8.28 173 5.09 117 4.04 875 1.14

CHANGE

+ + + + + + + + + + -

0.61 0.24 0.17 0.16 0.16 0.15 0.13 0.12 0.12 0.12 1.63 1.00 0.88 0.60 0.56 0.54 0.53 0.51 0.46 0.41

U.S. MARKETS / AUGUST 16 – 20 The Dow Jones Industrial Average fell 395.3 points or 1.11% to 35,120.08 and the S&P 500 lost 26.33 points or 0.59% to finish the trading week at 4,441.67. Spot gold climbed US$1.00 per oz. to US$1,780.70 per ounce.

Franco-Nevada dropped US$13.54 to US$141.34 per share on no corporate news. The gold-focused royalty and streaming company reported second-quarter results on August 11.

The company sold 166,856 gold-equivalent oz. in the second quarter, up 59.9% from the 104,330 GEOs sold in the second quarter of 2020. Net income in the second quarter reached US$175.3 million or US92¢ per share, up 86% year-on-year, on revenues of US$347.1 million, up 78% year-on-year. The company generated US$245.2 million in operating cash flow for the quarter. It ended the quarter on June 30 with no debt, US$1.4 billion in available capital, and declared a quarterly dividend of US30¢ per share.

Franco-Nevada said its strong financial results mean that it now anticipates gold-equivalent sales in 2021 will be near the higher end of its previously announced guidance and revised the GEOs sold guidance range to 590,000 to 615,000 GEOs. Higher commodity prices, it said, will also lead to greater energy revenue.

Its energy revenue guidance is now expected to range from US$155 million to US$170 million, an increase from the prior range of US$115

million to US$135 million.

HudBay Minerals fell 19% to US$5.38 per share. The company reported that gold production started at its New Britannia mill in Snow Lake, Manitoba, on August 11. The company is completing construction of a new copper flotation facility at New Britannia, which remains on track for commissioning and ramp-up in the fourth quarter of this year. Annual gold production from its Lalor and Snow Lake operations is expected to increase to over 180,000 oz. during the first six full years of New Britannia’s operation at an average cash cost and sustaining cash cost, net of by-product credits, of US$412 per oz. gold and US$788 per oz. gold, respectively.

Yamana Gold fell US17¢ to US$4.20 per share. Yamana announced that it has repurchased an initial 1.74 million common shares U.S. MOST ACTIVE ISSUES VOLUME (000s)

Vale* Cleveland-Clif* United States S* Freeport McMoR* Barrick Gold* Chevron Corp* Yamana Gold* Kinross Gold* Suncor Energy* Alcoa*

VALE 172374 CLF 145660 X 123025 FCX 108833 GOLD 81481 CVX 60089 AUY 57729 KGC 54772 SU 45401 AA 42912

HIGH

20.73 25.90 30.57 37.13 20.36 101.68 4.44 6.13 18.95 44.19

WEEK LOW CLOSE CHANGE

17.97 22.47 26.63 31.65 18.76 92.86 4.15 5.62 17.10 36.61

18.23 22.99 27.01 32.80 19.23 94.30 4.20 5.71 17.50 37.71

-

2.41 2.85 1.97 5.30 1.04 7.66 0.17 0.37 1.69 7.54

outstanding for about $10 million under the company’s normal course issuer bid as part of its share repurchase program for up to 5% of its outstanding shares. The company noted that it has not set any formulae or price ranges for its share repurchase program because it “plans to be selective and opportunistic” and intends to enter the market “when permitted and at times when the trading range of its shares do not reflect the underlying value.”

Yamana also noted that its share repurchase program is part of its capital returns program,

“which also includes cash returns through the company’s dividends, which have cumulatively increased by 500% since the second quarter of 2019.” The company has five operating mines (Canadian Malartic in Quebec, Cerro Moro in Argentina, El Penon and Minera Florida in Chile, and Jacobina in Brazil), and a number of development projects, including the Jacobina Phase 2 expansion; the Wasamc project in Quebec; the Odyssey underground project at Canadian Malartic) and the MARA project in Argentina. TNM U.S. GREATEST VALUE CHANGE

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

Mechel* Gold Fields* Black Hills* Harmony Gold* AngloGold Ash* NACCO Ind* MartinMarietta* Seabridge Gld* Pretium Res* Cameco Corp* Intrepid Pots* HudBay Min* Alcoa* Buenaventura* Turquoise HIl* Freeport McMoR* Teck Res* Nouveau Monde* Nexa Resources* Fortuna Silvr*

MTL GFI BKH HMY AU NC MLM SA PVG CCJ IPI HBM AA BVN TRQ FCX TECK NMG NEXA FSM

1508 2.32 32871 9.08 1044 72.78 21392 3.75 18707 16.53 20 27.94 1171 385.59 976 17.93 7057 10.12 19287 16.57 611 35.52 6775 6.52 42912 44.19 6618 7.52 2898 15.55 108833 37.13 32092 22.42 418 6.89 613 7.76 21899 4.42

VOLUME (000s)

WEEK LOW CLOSE CHANGE

2.13 2.25 8.57 8.97 71.13 72.59 3.48 3.58 15.60 15.89 26.33 27.34 367.85 375.00 16.57 16.68 9.39 9.51 15.34 16.11 27.87 28.11 5.22 5.38 36.61 37.71 6.11 6.15 13.25 13.34 31.65 32.80 19.32 19.69 5.83 5.94 6.66 6.71 3.81 3.83

+ + + + -

2.3 2.0 0.7 0.3 0.1 1.0 2.7 3.1 3.5 3.9 21.7 19.0 16.7 16.2 15.6 13.9 13.8 13.7 13.3 12.6

Black Hills* BKH Gold Fields* GFI Mechel* MTL Harmony Gold* HMY AngloGold Ash* AU McEwen Mng* MUX Yamana Gold* AUY IAMGOLD* IAG NACCO Ind* NC Trecora Res* TREC Franco-Nevada* FNV MartinMarietta* MLM Intrepid Pots* IPI Chevron Corp* CVX Alcoa* AA Rio Tinto* RIO Southern Copp* SCCO Freeport McMoR* FCX Nutrien* NTR Arch Resources* ARCH

1044 32871 1508 21392 18707 17388 57729 18538 20 305 3184 1171 611 60089 42912 17714 4451 108833 11286 1975

WEEK CLOSE

CHANGE

72.59 8.97 2.25 3.58 15.89 0.99 4.20 2.19 27.34 7.65 141.34 375.00 28.11 94.30 37.71 72.52 60.79 32.80 59.33 64.37

+ 0.54 + 0.18 + 0.05 + 0.01 - 0.01 - 0.13 - 0.17 - 0.27 - 0.28 - 0.33 - 13.54 - 10.44 - 7.79 - 7.66 - 7.54 - 6.92 - 6.42 - 5.30 - 4.28 - 3.43

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 30–SEPTEMBER 12, 2021

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 PRODUCER AND DEALER PRICES

LME WAREHOUSE LEVELS Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 19 2021 (change from August 12, 2021 in brackets): Aluminium Alloy 1820 (0) Aluminium 1309700 (-23875) Copper 245125 (+9350) Lead 57050 (-700) Nickel 198486 (-5526) Tin 1860 (-320) Zinc 228350 (-14375)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$61.95 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$11.95 Cobalt: US$23.22/lb.

Copper: US$4.05 Copper: CME Group Futures September 2021: US$4.24/lb.; October 2021: US$4.22/lb Iridium: NY Dealer Mid-mkt US$5,200.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$139.10 Lead: US$1.12/lb.

Rhodium: Mid-mkt US$17,500.00 tr. oz.

Ruthenium: Mid-mkt US$725.00/tr. oz.

Silver: Handy & Harman Base: US$23.20 per oz.; Handy & Harman Fabricated: US$29.00 per oz.

Tin: US$15.28/lb.

Uranium: U3O8, Trade Tech spot price: US$30.50 per lb. U308 Zinc: US$1.34 per lb.

Prices current August 23, 2021

TSX SHORT POSITIONS Short positions outstanding as of August 15, 2021 (with changes from July 31, 2021) Largest short positions Ivanhoe Mines IVN 16965080 977221 Suncor Energy SU 15786008 -1388032 New Gold NGD 14595262 2835417 Argonaut Gold AR 12775865 -676626 Nexgen Energy NXE 11277969 -363818 Lundin Mng LUN 10950888 -1601112 First Quantum FM 9501387 1765440 Kinross Gold K 8999291 1092522 Fortuna Silvr FVI 8801746 -145971 Barrick Gold ABX 8280212 639272 Fission Uran FCU 7992111 520992 Equinox Gold EQX 7843603 222949 Wheaton Prec WPM 7539332 -598471 Yamana Gold YRI 7486902 -632606 Nthn Dynasty NDM 6223553 -287412 Largest increase in short position New Gold NGD 14595262 2835417 First Quantum FM 9501387 1765440 Azarga Uranium AZZ 2605653 1507517 Kinross Gold K 8999291 1092522 Capstone Mng CS 1878769 1009256 Largest decrease in short position Talon Metals TLO 1876673 -6462736 HudBay Min HBM 3386408 -2330270 Lundin Mng LUN 10950888 -1601112 Denison Mines DML 4887497 -1470486 Suncor Energy SU 15786008 -1388032

TSX VENTURE SHORT POSITIONS Short positions outstanding as of August 15, 2021 (with changes from July 31, 2021) Largest short positions GR Silver GRSL 3149452 -67728 Millennial Lit ML 1736936 1259734 Santacruz Silv SCZ 1717217 1545967 Uragold Bay Rs HPQ 1564834 2688 AbraSilver Res ABRA 1330226 837756 Leeta Gold HIVE 1328395 4009 Pure Gold Mg PGM 1241394 4919 Allegiant Gold AUAU 1026613 137175 Japan Gold JG 854733 -16213 ZEN Graphene ZEN 799928 84090 Reyna Silver RSLV 790159 -2779 Southern Silvr SSV 787061 62805 Blue Thunder BLUE 750075 749101 Nippon Dragon NIP 750032 734344 Wealth Mnrls WML 741351 333843 Largest increase in short position Santacruz Silv SCZ 1717217 1545967 Millennial Lit ML 1736936 1259734 AbraSilver Res ABRA 1330226 837756 Blue Thunder BLUE 750075 749101 Nippon Dragon NIP 750032 734344 Largest decrease in short position Rio2 Limited RIO 121509 -4068582 Arctic Star ADD 28432 -2628851 Purepoint Uran PTU 209169 -1713561 Marvel Discov MARV 41149 -924808 GFG Resources GFG 79937 -732145

7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021

7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021 7/31/2021

DAILY METAL PRICES Date Aug 20 Aug 19 Aug 18 Aug 17 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 2270/2270 2270/2270 2250/2250 2250/2250 Aluminum 2569/2552 2544/2532 2589.50/2571.50 2633/2618.50 Copper 8922/8934 8775.50/8783.50 9148.50/9168.50 9346.50/9369.50 Lead 2467.50/2261.00 2491/2278.50 2504/2308 2428/2313 Nickel 18569/18536 18476/18450 19019/19012 19470/19466 Tin 33693/33100 32735/32222 35985/35455 36491/35844 Zinc 2948.50/2950.50 2939.50/2932.50 2998/2994 3002.50/3013 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1782.95 1788.20 1788.10 Gold PM 1779.05 1782.05 1783.45 Silver 23.21 23.34 23.67 Platinum 976 972 1002.00 Palladium 2296.10 2355 2508

1749.05 1789.45 23.90 1018 2567

Aug 16 2250/2250 2644/2626 9377/9404.50 2419.50/2324.50 19505/19517 36064/35417 3012/3018

1775.75 1786.35 23.54 1017 2634

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

Aug 20 1.2816 0.7797

Aug 19 1.2663 0.7897

Aug 18 1.2663 0.7897

Aug 17 1.2627 0.7919

Exchange rates (Quote Media, August 20, 2021) C$ to AUS C$ to EURO C$ to YEN 1.0944 0.6666 85.5942 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5724 5.0709 57.9916 US to AUS US to EURO US to YEN 1.4026 0.8549 109.7850 US to UK Pound US to China Yuan US to India Rupee 0.7340 6.5015 74.3017

Aug 13 ($) 24.78 67.75 63.97 55.32 14.31 12.19 26.81 28.98 14.93 18.11 19.40 51.98 9.19 64.68 56.20 56.58 45.99

Change ($) -1.06 -2.91 -2.85 -3.10 -0.45 -0.71 -0.67 -1.14 -0.59 -0.54 -0.98 -2.60 -0.63 -2.60 -3.07 -3.09 -1.44

Change (%) -4.26 -4.29 -4.45 -5.60 -3.14 -5.83 -2.48 -3.92 -3.98 -3.00 -5.05 -5.01 -6.80 -4.02 -5.47 -5.47 -3.13

YTDChange (%) -4.31 -9.39 -13.76 0.03 -3.33 -4.81 -9.48 -2.72 -3.72 -1.31 -3.58 -10.29 -13.95 -3.82 -6.83 -6.85 -4.83

GLOBAL MINING NEWS · SINCE 1915

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

Alpha Lithium Corporation (ALLI.WT) One warrant to purchase one common share at $1.10 per share.

American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share American Lithium Corp. (LI.WT) - One warrant to purchase one common share at $0.30 per share.

Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share.

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

Aurania Resources Ltd. (ARU.WT) - One warrant to purchase one common share at $5.50 per share.

Aurania Resources Ltd. (ARU.WT.A) - One warrant to purchase one common share at $4.25 per share.

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

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

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

Caldas Gold Corp. (CGC.WT) - One warrant to purchase one common share at $2.75 per share.

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

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

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

Empress Royalty Corp. (EMPR.WT) - One warrant to purchase one common share at $0.75 per share.

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

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

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

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

Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $0.60 per share.

Giga Metals Corporation (GIGA.WT) One warrant to purchase one common share at $0.60 per share.

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

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

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

Lion One Metals Limited (LIO.WT) - One warrant to purchase one common share at $2.75 per share.

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

Mako Mining Corp. (MKO.WT.A) - One warrant to purchase one common share at $0.60 per share.

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

Manganese X Energy Corp. (MN.WT) One warrant to purchase one common share at $0.15 per share.

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

Millennial Lithium Corp. (ML.WT) - One

TSX VENTURE WARRANTS

C$ to SA Rand 11.9277 C$ to S. Korea Won 916.2703 US to SA Rand 15.2475 US to S. Korea Won 1175.0800

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

TotalAssets (M$) 58.98 113.07 81.13 385.41 63.90 618.67 7.02

2.09 2.12 2.27

467.66 2.26 137.65

27.63 1196.11 31.30

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

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

right to purchase one common share at $4.80 per share.

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

Mineworx Technologies Ltd. (MWX.RT) One right to purchase one common share at $0.015 per share.

Northern Vertex Mining Corp. (NEE.WT) One warrant to purchase one common share at $0.80 per share.

Novo Resources Corp. (NVO.WT) - One warrant to purchase one common share at $4.40 per share.

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

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

Sandfire Resources America Inc. (SFR.RT) Forty one (41) Rights exercisable for One (1) Share at $0.15 per Share.

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

Star Royalties Ltd. (STRR.WT) - One warrant to purchase one common share at $1.00 per share.

Three Valley Copper Corp. (TVC.WT) - 20 warrants to purchase one Class A common share at $6.66 per share.

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

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

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

Westhaven Gold Corp. (WHN.WT) - One warrant to purchase one common share at $1.00 per share.

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

Aug 20 20339.02 864.51 1224.43 281.16 248.91

Aug 19 20215.36 862.32 1217.52 280.65 248.91

Aug 18 20302.11 878.05 1221.68 281.29 253.79

Aug 17 20363.59 874.10 1225.72 288.94 261.18

Aug 16 20483.42 905.67 1231.70 289.99 263.11

High 20567.11 1113.64 1236.79 398.54 345.70

Low 15418.46 665.14 919.76 267.29 246.09

NEW 52-WEEK HIGHS AND LOWS AUGUST 16-20, 2021 39 New Highs

ACME Lithium Alto Ventures Alto Ventures* Arch Resources* Arcland Res Asante Gold Asante Gold* Auxico Res Black Hills* Black Mountain* Cadillac Vent Canadian Prem Canadian Prem* Cirrus Gold Desert Mtn Egy District Cop* Finlay Minrls Golden Dawn Ml Greenshield Ex Kintavar Exp Lida Resources* Medaro Mining Metalo Manuf Minfocus Expl New Klondike* Noront Res Origen Res* Peabody Enrgy* Quartz Mtn Res Quartz Mtn Res* Salt Lake Pot* Stelmine Can Stelmine Can* United States S* Uravan Mnrls

VVC Expl Walker Lane* Whitehaven Coa* World Copper

172 New Lows

Abcourt Mines Adyton Res Alexco Res Alexco Res* Alianza Min* Almaden Min* Americas Silvr Americas Silvr* Angold Res Aquila Res* Arctic Fox Ven Arizona Gold Aurania Res Aurion Res Aurwest Res* Avino Silver Avino Silver* Azucar Min* B2Gold Corp* Banyan Gold* Black Mountain* Blue Thunder Bluestone Res Brixton Metals Brixton Metals* Buenaventura* Calibre Mng Champion Bear* Clarity Gold CMC Metals CMC Metals*

Coeur Mng* Discovery Silv* Eldorado Gold Eldorado Gold* Emperor Metals Equinox Gold Equinox Gold* Ero Copper* Essex Minerals* Excellon Res* Fathom Nickel* Fiore Gold* First Mg Fin Fortuna Silvr Fortuna Silvr* Fury Gold Fury Gold* Galane Gold * Galiano Gold Galiano Gold* Galway Mtls Glen Eagle Res* Gold Line Res Gold Resource* Gold Std Vents Gold Std Vents* Golden Arrow* Golden Indepen Golden Tag* GoldMining Goldshore Res GR Silver GR Silver* Gran Colombia* Great Bear Res* Great Panther

Great Panther* Hannan Metals* IAMGOLD IAMGOLD* IMPACT Silver Integra Res Integra Res* Interra Copper* Irving Res Irving Res* Kinross Gold Kinross Gold* Kootenay Silvr* Kore Mining Liberty Gold* Lion One Mtls* MacDonald Mns* Magna Gold* Mantaro Silver Mantaro Silver* MAX Res Medallion Res* Metallic Mnrls Metallic Mnrls* Midland Expl Millennial Pr Millrock Res Millrock Res* Mineral Mtn Mistango River Monarca Mnrls Monarca Mnrls* MPV Explor New Gold New Gold* New Pac Metals

New Pac Metals* New Placer Newcore Gold Nexus Gold Nexus Gold* Nicola Mg Inc Nighthawk Gold Norrland Gold Northern Light NovaGold Res NovaGold Res* Novo Res NuLegacy Gold NuLegacy Gold* O3 Mining Orex Mnrls* Osisko Mng Inc Pac Arc Res Pacton Gold Pan Am Silver Pan Am Silver* Paramount Gold* Phenom Res Pure Gold Mg* Rex Res Reyna Silver* Rio2 Limited Rio2 Limited* RosCan Gold RosCan Gold* Sabina Gd&Slvr Sabina Gd&Slvr* Saint Jean* Scotch Creek* Sierra Madre G Silver Dollar

Silver Dollar* Silver One Silver One* Silvercorp Met Silvercorp Met* SilverCrest SilverCrest* Sky Gold Southern Silvr Southern Silvr* Steppe Gold Tanzanian Gold* Terrax Mnrls Terrax Mnrls* Tombill Mines* Tonogold Res* Torex Gold* Trillium Gold Triple Flag Troilus Gold Troilus Gold* Turmalina Met Valorem Res Vanstar Mng Rs Vista Gold Vista Gold* Walker River West Mining* West Vault White Gold White Gold* Winston Res ZEB Nickel

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

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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 Trevali Mining Corporation (TV.WT) - One Warrant to purchase one common share of the Issuer at $0.23 until expiry.

52-week

CANADIAN GOLD MUTUAL FUNDS FundName Aug 20 ($) BMO Prec Mtls Fd A 23.73 BMO ZGD 64.85 BMO ZJG 61.12 CI Pre Met Fd A 52.22 CIBC Prec Metal Fd A 13.86 Dyn Prec Metls Fd A 11.48 Harvest HGGG 26.14 Horizons HEP 27.84 IG MacGbPreMetCl A 14.33 iShares XGD 17.56 NBI PrecMetFd Invt 18.42 NPT Go&PrMinFd A 49.37 NPT SilverEquCl A 8.57 Prec Met Fd A 62.08 RBC GblPreMetFd A 53.13 RBC GblPreMetFd Adv 53.48 TD Prec Mtl Fd Inv 44.55

Karora Resources Inc. (KRR.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry.

Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry Nevada Copper Corp. (NCU.WT) - One Warrant to purchase one common share of the Issuer at $0.20 until expiry Nevada Copper Corp. (NCU.WT.A) - One Warrant to purchase one common share of the Issuer at $0.22 until expiry Nomad Royalty Company Ltd. (NSR.WT) One Warrant to purchase one common share of the Issuer at $1.71 until expiry.

Novo Resources Corp. (NOVO.WT.A) One Warrant to purchase one common share of the Issuer at $3.00 until expiry.

NORTH AMERICAN STOCK EXCHANGE INDICES

Aug 16 1.2571 0.7955

C$ to Mex Peso 15.8763 C$ to Swiss Franc 0.7152 US to Mex Peso 20.3651 US to Swiss Franc 0.9170

TSX WARRANTS Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Aris Gold Corporation (ARIS.WT) - One Warrant to purchase one Common Share of the Issuer at $2.75 until expiry.

Ascendant Resources (ASND.WT) - Wt buys sh @ $1.25 to Mar 7/22 eCobalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Excellon Resources Inc. (EXN.WT) - One Warrant to purchase one common share of the issuer at $1.40 per share until expiry Excelsior Mining Corp. (MIN.WT) - One Warrant to purchase one Common Share of the Issuer at $1.25 until expiry.

Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 until expiry.

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

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: AUGUST 16–20, 2021 (100s) Stock

WWW.NORTHERNMINER.COM

AUGUST 30–SEPTEMBER 12, 2021 / THE NORTHERN MINER

Exc Volume

Week High

Low

Last

12-month Change

High Low

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

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

890 91 124 351 714 123 386 224 210 134 347 229 149 3 1 5044 2796 10 281 286 132 241 1227 1362 909 856 231 31 100 640 43 308 1008 2832 7269 223 18 9 51 72 3466 14185 42912 0 26 902 6520 1278 1179 627 168 43640 621 182 27 1852 90 2413 107 148 518 59 0 808 470 1884 2274 721 249 94 256 341 40 448 562 811 37 483 63 403 128 2242 549 824 216 22 21 30 934 465 45 71679 614 21 337 149 78 262 1097 557 1013 603 1757 1225 1608 791 1934 28 1009 8836 1144 645 248 731 289 97 7 1374 1424 5 253 150 246 658 1 1988 1924 391 2 13 180 6 836 29 1 18707 2 261 11 14 10 297 3 146 2 53 639 21 388 268 14346 224 861 32 1975 0 10 64 21 101 200 104 2647 39 471 73 497 3303 558 583 20 4 154 1 644 3411

0.08 0.30 0.38 0.07 0.13 0.06 0.07 0.12 0.15 0.10 0.13 0.06 0.05 21.50 16.81 0.47 0.39 0.54 1.32 0.06 0.04 0.02 0.08 0.90 0.72 0.08 0.53 0.12 0.10 0.13 0.10 0.01 0.33 75.00 59.73 0.00 0.17 0.25 0.52 0.34 9.80 7.81 44.19 0.00 0.58 0.28 1.83 2.31 0.10 0.08 0.01 0.00 0.39 0.32 0.60 8.31 0.55 0.43 0.20 0.25 0.99 0.78 0.00 0.07 0.63 0.67 0.84 0.07 0.05 0.13 0.16 0.57 0.45 0.25 0.32 0.03 0.15 0.34 0.24 18.13 14.50 0.43 0.34 0.05 0.02 1.09 0.82 4.94 0.06 0.05 0.04 0.00 0.12 0.10 0.30 0.23 0.01 0.18 0.24 0.04 0.06 0.15 1.47 1.74 0.92 1.14 0.94 0.04 1.52 1.21 1.34 1.09 0.71 0.87 2.51 1.99 0.05 0.60 0.70 0.07 0.74 0.58 1.45 0.01 0.00 0.09 0.12 0.02 0.00 0.05 0.06 46.00 23.24 2.46 15.98 16.53 0.15 0.25 0.79 0.96 0.03 0.05 0.34 0.11 20.95 0.11 0.82 0.69 0.55 0.69 0.03 0.06 0.08 2.10 74.04 0.00 0.33 0.38 0.06 0.07 0.16 0.08 0.10 0.02 0.10 0.07 0.18 0.22 0.15 0.19 0.19 0.15 0.15 0.10 2.36 3.00

0.07 0.26 0.33 0.06 0.11 0.00 0.06 0.10 0.13 0.00 0.12 0.00 0.04 20.85 0.00 0.38 0.29 0.00 1.19 0.05 0.04 0.01 0.05 0.83 0.65 0.08 0.51 0.12 0.09 0.12 0.10 0.00 0.29 70.91 55.56 0.00 0.00 0.22 0.45 0.00 9.16 7.15 36.61 0.00 0.00 0.23 1.58 2.03 0.09 0.06 0.01 0.00 0.34 0.25 0.58 7.42 0.47 0.36 0.16 0.22 0.91 0.71 0.00 0.05 0.55 0.55 0.70 0.07 0.05 0.12 0.13 0.50 0.39 0.19 0.24 0.02 0.12 0.28 0.23 15.53 11.60 0.36 0.27 0.01 0.02 1.05 0.80 4.61 0.05 0.04 0.04 0.00 0.11 0.00 0.26 0.20 0.01 0.15 0.20 0.04 0.05 0.13 1.21 1.59 0.74 0.95 0.73 0.03 1.21 0.95 1.18 0.88 0.59 0.74 2.40 1.88 0.05 0.49 0.63 0.07 0.66 0.52 1.26 0.01 0.00 0.08 0.10 0.01 0.00 0.04 0.05 0.00 19.69 0.00 15.45 15.60 0.15 0.22 0.70 0.90 0.03 0.04 0.00 0.00 0.00 0.11 0.72 0.57 0.50 0.64 0.02 0.04 0.06 1.70 59.51 0.00 0.00 0.00 0.05 0.00 0.14 0.06 0.08 0.00 0.08 0.06 0.15 0.19 0.11 0.16 0.18 0.13 0.14 0.00 2.15 2.84

0.08 + 0.26 0.33 0.06 0.11 0.04 0.06 0.10 0.13 0.09 0.12 0.06 unch 0.04 20.90 + 16.35 + 0.40 0.31 0.53 + 1.28 + 0.06 unch 0.04 0.02 + 0.06 + 0.88 0.68 0.08 0.51 unch 0.12 0.09 0.12 0.10 unch 0.01 + 0.29 72.01 56.12 0.00 + 0.17 0.22 0.48 0.34 + 9.34 7.28 37.71 0.52 unch 0.57 0.25 1.61 2.08 0.09 0.07 0.01 0.00 0.35 0.27 0.58 7.83 0.49 0.37 0.19 0.22 0.92 0.71 0.04 unch 0.07 + 0.58 0.55 0.70 0.07 unch 0.05 0.12 + 0.16 + 0.54 0.39 0.21 0.27 0.02 0.12 0.30 + 0.24 15.63 12.14 0.37 + 0.29 + 0.02 + 0.02 unch 1.05 unch 0.82 + 4.63 0.06 0.05 0.04 unch 0.00 0.11 0.09 0.27 0.20 0.01 0.15 0.20 0.04 0.05 0.13 unch 1.25 1.60 0.76 0.97 0.75 0.04 unch 1.24 0.97 1.22 0.96 0.60 0.77 2.45 1.88 0.05 0.50 0.65 0.07 0.71 + 0.56 + 1.30 0.01 0.00 unch 0.09 + 0.12 + 0.01 0.02 unch 0.04 0.06 unch 39.17 19.80 2.40 15.45 unch 15.89 0.15 unch 0.24 0.70 0.93 0.03 0.04 0.34 + 0.11 + 18.92 0.11 unch 0.74 0.57 0.51 0.66 0.02 0.05 0.08 + 1.94 64.37 0.75 unch 0.33 + 0.18 + 0.05 0.07 unch 0.14 0.07 + 0.10 + 0.01 unch 0.10 + 0.06 0.15 0.19 0.13 0.17 0.18 0.13 0.14 0.10 2.33 + 2.99 +

0.01 0.08 0.05 0.03 0.90 0.25 0.03 0.90 0.32 0.01 0.23 0.06 0.03 0.17 0.08 0.02 0.11 0.03 0.01 0.11 0.05 0.01 0.19 0.08 0.03 0.25 0.10 0.02 0.18 0.09 0.01 0.24 0.12 0.00 0.16 0.05 0.00 0.12 0.04 0.61 26.75 20.19 0.14 20.82 15.58 0.07 0.82 0.26 0.06 0.68 0.19 0.02 3.00 0.51 0.08 1.32 0.31 0.00 0.12 0.05 0.00 0.10 0.04 0.01 0.04 0.01 0.01 0.17 0.05 0.02 1.36 0.80 0.04 1.06 0.62 0.01 0.40 0.08 0.00 1.00 0.44 0.00 0.33 0.08 0.01 0.24 0.01 0.01 0.27 0.11 0.00 0.18 0.06 0.00 0.02 0.00 0.02 1.37 0.29 2.04 117.35 69.14 3.02 89.23 54.66 0.00 0.13 0.00 0.03 0.53 0.16 0.03 0.67 0.19 0.03 0.79 0.39 0.11 0.45 0.15 0.35 14.03 8.89 0.46 10.79 7.02 7.54 45.79 10.98 0.00 0.70 0.24 0.01 0.74 0.33 0.03 1.45 0.13 0.26 3.45 1.58 0.24 4.38 2.03 0.02 0.25 0.09 0.01 0.19 0.07 0.00 0.04 0.00 0.00 0.02 0.00 0.01 0.71 0.23 0.01 0.56 0.18 0.22 1.15 0.13 0.32 8.39 2.63 0.03 1.60 0.47 0.05 1.24 0.37 0.02 0.29 0.14 0.02 0.36 0.20 0.07 1.30 0.58 0.07 1.07 0.40 0.00 0.19 0.01 0.01 0.10 0.04 0.08 1.16 0.49 0.12 0.73 0.14 0.14 0.87 0.18 0.00 0.14 0.06 0.00 0.11 0.05 0.00 0.13 0.02 0.02 0.19 0.01 0.03 0.80 0.15 0.06 0.79 0.12 0.04 0.42 0.07 0.04 0.47 0.10 0.01 0.05 0.01 0.02 0.22 0.08 0.01 0.50 0.15 0.01 0.36 0.10 2.28 19.39 9.63 2.16 16.00 7.16 0.03 0.43 0.09 0.00 0.34 0.08 0.01 0.50 0.00 0.00 0.05 0.01 0.00 1.66 0.86 0.02 21.22 0.45 0.38 5.97 3.83 0.01 0.13 0.05 0.01 0.10 0.03 0.00 0.09 0.03 0.00 0.01 0.00 0.02 0.20 0.04 0.01 0.16 0.03 0.02 0.38 0.24 0.02 0.30 0.19 0.00 0.08 0.01 0.02 0.35 0.15 0.02 0.44 0.19 0.00 0.08 0.02 0.01 0.10 0.03 0.00 0.40 0.12 0.15 3.32 0.60 0.14 4.21 0.81 0.09 2.25 0.13 0.12 2.86 0.18 0.15 1.02 0.13 0.00 0.06 0.01 0.28 4.40 1.21 0.23 3.46 0.95 0.09 1.61 0.49 0.09 1.35 0.37 0.10 1.00 0.59 0.13 1.25 0.13 0.04 4.19 2.19 0.09 3.26 1.73 0.01 0.08 0.04 0.05 1.90 0.50 0.04 2.15 0.30 0.01 0.12 0.02 0.02 1.05 0.45 0.00 0.85 0.34 0.05 2.03 1.18 0.00 0.02 0.00 0.00 0.07 0.00 0.01 0.16 0.03 0.01 0.20 0.05 0.01 0.04 0.01 0.00 0.05 0.02 0.01 0.08 0.03 0.00 0.10 0.05 7.73 49.42 22.94 3.84 24.75 11.47 0.03 2.90 1.75 0.00 28.70 15.45 0.01 30.60 15.24 0.00 0.34 0.15 0.02 0.53 0.22 0.04 1.25 0.43 0.03 1.51 0.54 0.00 0.06 0.03 0.01 0.08 0.04 0.21 0.55 0.08 0.01 0.40 0.09 2.31 27.80 13.03 0.00 0.14 0.11 0.08 1.26 0.38 0.11 0.91 0.33 0.04 1.00 0.15 0.01 1.22 0.21 0.00 0.14 0.01 0.00 0.13 0.04 0.02 0.17 0.06 0.04 2.63 1.46 3.43 74.04 27.86 0.00 0.75 0.08 0.04 0.40 0.11 0.12 0.38 0.14 0.01 0.52 0.05 0.00 0.25 0.06 0.01 0.16 0.14 0.00 0.24 0.02 0.02 0.29 0.03 0.00 0.13 0.00 0.01 0.18 0.07 0.01 0.15 0.05 0.01 0.21 0.01 0.02 0.27 0.02 0.02 0.26 0.04 0.02 0.33 0.06 0.02 0.35 0.15 0.01 0.27 0.13 0.01 0.26 0.04 0.01 0.20 0.10 0.06 2.91 1.50 0.16 3.45 1.90

(100s) Stock

Exc Volume

Week Low

0.00 0.00 + 0.33 0.34 0.27 0.28 + 1.65 1.71 0.07 0.09 0.09 0.12 + 3.80 3.94 3.02 3.05 0.00 0.15 0.19 0.19 0.00 0.56 0.45 0.45 unch 4.86 5.19 3.77 4.07 0.74 0.80 + 0.89 1.00 + 0.00 0.68 + 0.12 0.13 0.17 0.18 1.04 1.06 0.80 0.83 0.00 0.23 + 0.02 0.02 0.03 0.03 0.04 0.05 unch 0.11 0.11 + 0.14 0.14 unch 0.02 0.02 5.52 5.70 + 0.15 0.15 0.19 0.20 0.07 0.07 0.35 0.38 0.43 0.50 + 0.18 0.18 unch 0.20 0.20 1.30 1.48 1.05 1.15 12.97 14.43 0.00 10.95 1.78 1.85 2.19 2.40 0.68 0.73 0.53 0.57 0.12 0.14 0.00 0.10 0.30 0.33 0.25 0.25 0.57 0.60 0.74 0.75 0.00 0.07 unch 0.11 0.11 0.13 0.13 0.74 0.75 0.00 0.13 0.02 0.02 + 0.09 0.09 0.12 0.13 0.64 0.70 + 0.79 0.90 + 0.09 0.10 0.12 0.12 0.00 0.04 unch 0.10 0.11 + 0.13 0.13 unch 0.83 0.93 1.08 1.18 0.00 0.07 unch 0.00 0.08 0.06 0.07 + 0.06 0.06 unch 7.59 8.44 + 0.07 0.08 0.00 0.10 + 0.30 0.31 unch 0.23 0.24 2.06 2.18 1.61 1.67 0.04 0.04 0.05 0.05 0.27 0.29 unch 0.21 0.22 0.00 0.00 0.08 0.08 0.06 0.06 -

Arian Res* Arianne Phosph Arianne Phosph* Aris Gold Arizona Gold* Arizona Gold Arizona Metals Arizona Metals* Arizona Silver* Arizona Silver Armor Min Armor Min* Artemis Gold Artemis Gold* Asante Gold* Asante Gold Asbestos Corp Ascendant Res* Ascendant Res Ascot Res Ascot Res * AsiaBaseMetals Asiamet Res* Aston Bay* Aston Bay ATAC Res* ATAC Res Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Silver* Atico Mining* Atico Mining Aton Resources* Aton Resources Augusta Gold Augusta Gold* Aura Minerals Aura Minerals* Aurania Res* Aurania Res Aurcana Silver Aurcana Silver* AurCrest Gold AurCrest Gold* Aurelius Min Aurelius Min* Aurion Res * Aurion Res Aurora Royal Aurwest Res* Aurwest Res AURYN Mining* Aust Goldfield* Aust Mines* Austral Gold* Austral Gold Auxico Res* Auxico Res Avalon Advance* Avalon Advance Avarone Metals* Avidian Gold* Avidian Gold Avino Silver* Avino Silver Avrupa Min* Avrupa Min Awale Res Axmin Inc Aya Gold* Azarga Metals* Azarga Metals Azarga Uranium Azarga Uranium* Azimut Explor Azimut Explor* Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azteca Gold* Azucar Min Azucar Min*

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

20 238 35 113 384 1789 431 63 93 62 20 1 382 107 44 4010 1 273 516 715 1247 2 1 64 277 247 332 3783 8 12 102 24 181 238 30 6 86 45 113 2 37 97 1074 1353 448 310 244 90 185 363 2 12 203 8 5 4134 57 144 222 859 606 751 0 138 229 3471 227 0 57 311 30 235 64 306 1632 402 432 29 684 899 158 113 192 375 311

0.00 0.37 0.29 1.95 0.10 0.12 4.21 3.33 0.17 0.21 0.67 0.45 5.67 4.50 0.81 1.10 0.68 0.16 0.19 1.19 1.00 0.23 0.09 0.04 0.05 0.12 0.15 0.03 5.70 0.18 0.23 0.11 0.39 0.50 0.18 0.22 1.62 1.30 15.09 11.37 2.07 2.60 0.81 0.65 0.18 0.13 0.36 0.29 0.61 0.78 0.00 0.13 0.16 0.80 0.14 0.02 0.11 0.13 0.70 0.90 0.12 0.14 0.00 0.11 0.14 1.03 1.29 0.00 0.08 0.07 0.06 9.35 0.08 0.10 0.31 0.25 2.31 1.83 0.04 0.06 0.29 0.24 0.01 0.09 0.08

B2Gold Corp* B2Gold Corp Baden Res Bald Eagle Balto Res Bam Bam Res Bam Bam Res* Bannerman Res* Banyan Gold Banyan Gold* Barker Min* Barksdale Res* Barksdale Res Baroyeca Gold* Baroyeca Gold Barrick Gold Barrick Gold* Barsele Min* Barsele Min Baru Gold Baru Gold* Baselode Egy* Baselode Egy Batero Gold Batero Gold* Bathurst Met Battery Min Bayhorse Silvr* Bayhorse Silvr BC Moly * BC Moly BCM Res* BCM Res Bear Creek Mng Bear Creek Mng* Bearing Lith Bearing Lith* Beauce Gold Bell Copper Bell Copper* Belmont Res* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals * BeMetals Benchmark Met* Benchmark Met Benjamin Hill Benjamin Hill* Benton Res* Benton Res Benz Mining* Benz Mining Bessor Min* Bessor Min Bird River Res Bitterroot Res* Bitterroot Res Black Hills* Black Iron* Black Iron Black Mammoth* Black Mammoth Black Mountain Black Mountain* Black Tusk Res* Black Tusk Res Blackrock Silv Blackrock Silv* Blackwolf Cop Blackwolf Cop* Blind Creek BLOX Inc* Blue Lagoon Blue Lagoon* Blue Moon* Blue Moon Blue River Res Blue River Res* Blue Sky Uran* Blue Sky Uran Blue Star Gold Blue Thunder BlueBird Batt* BlueBird Batt Bluejay Mining* Bluestone Res Bluestone Res* BMEX Gold BMEX Gold*

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

31348 11092 68 202 47 218 626 5276 991 97 10 44 122 5 38 16518 81481 1 31 675 400 289 359 10 101 96 15 577 576 3 11 89 392 219 95 273 86 310 218 28 10 238 798 1614 32 146 160 811 103 44 208 347 75 613 1 80 30 625 893 1044 249 1117 40 59 322 39 6 1565 705 1291 134 39 165 2760 676 621 109 585 2757 57 325 586 40 168 14 339 5555 279 42 155 76

3.93 4.94 0.15 0.08 0.19 0.14 0.12 0.11 0.28 0.22 0.02 0.30 0.38 0.19 0.25 25.58 20.36 0.39 0.54 0.08 0.06 0.38 0.49 0.10 0.07 0.13 0.72 0.14 0.18 0.07 0.10 0.11 0.13 1.42 1.13 0.26 0.20 0.20 0.18 0.14 0.05 0.07 0.61 0.50 0.27 0.31 0.87 1.10 0.41 0.32 0.16 0.20 0.55 0.70 0.04 0.07 0.14 0.10 0.13 72.78 0.30 0.37 0.09 0.13 0.50 0.51 0.02 0.03 0.89 0.74 0.91 0.73 0.11 0.01 0.66 0.52 0.04 0.05 0.02 0.02 0.14 0.18 0.70 0.05 0.08 0.09 0.21 1.45 1.18 0.19 0.13

Last

12-month

High

Change

Stock

0.00 0.01 0.01 0.17 0.00 0.01 0.31 0.31 0.02 0.02 0.10 0.00 0.56 0.48 0.27 0.09 0.01 0.01 0.01 0.12 0.10 0.04 0.07 0.00 0.00 0.00 0.00 0.00 0.20 0.03 0.03 0.03 0.01 0.02 0.00 0.02 0.09 0.08 0.26 1.08 0.22 0.22 0.08 0.06 0.04 0.04 0.02 0.04 0.02 0.01 0.00 0.01 0.02 0.04 0.01 0.00 0.01 0.01 0.06 0.09 0.01 0.02 0.00 0.02 0.00 0.11 0.11 0.00 0.01 0.01 0.00 0.29 0.00 0.01 0.00 0.00 0.06 0.13 0.01 0.01 0.00 0.00 0.01 0.01 0.01

0.40 0.60 0.50 3.29 0.12 0.16 5.55 4.53 0.33 0.41 0.97 0.45 7.64 5.96 0.81 1.10 0.67 0.55 0.34 1.63 1.33 0.53 0.09 0.06 0.07 0.30 0.38 0.05 6.51 0.27 0.34 0.23 0.65 0.78 0.38 0.45 3.60 2.79 18.30 18.11 4.31 5.75 1.25 0.99 0.33 0.25 1.20 0.51 1.28 1.68 0.10 0.14 0.22 1.00 1.00 0.04 0.69 0.38 1.22 0.89 0.25 0.36 0.05 0.40 0.37 2.82 3.60 0.16 0.20 0.21 0.15 9.44 0.12 0.17 0.39 0.31 2.49 1.98 0.14 0.18 0.64 0.52 0.05 0.23 0.17

0.00 0.13 0.10 1.65 0.07 0.09 0.55 0.46 0.13 0.17 0.55 0.45 4.21 3.20 0.06 0.08 0.46 0.06 0.08 0.84 0.67 0.17 0.02 0.03 0.04 0.10 0.13 0.00 2.50 0.08 0.11 0.03 0.29 0.39 0.00 0.18 0.96 0.66 11.30 8.73 1.78 2.19 0.62 0.49 0.04 0.03 0.30 0.25 0.43 0.74 0.03 0.11 0.04 0.16 0.01 0.01 0.05 0.12 0.00 0.10 0.09 0.06 0.02 0.09 0.12 0.86 1.10 0.06 0.06 0.05 0.05 1.61 0.04 0.06 0.16 0.11 0.78 0.60 0.01 0.02 0.25 0.20 0.00 0.08 0.07

Bold Ventures* Bold Ventures Bolt Metals* Bolt Metals Bonanza Gold* Bond Resources BonTerra Res Boreal Metals* Boreal Metals Borneo Res Inv* Boundary Gold* Boundary Gold Bravada Gold* Bravada Gold Braveheart Res* Braveheart Res Bravo Multinat* Brazil Min* Brigadier Gold* Brigadier Gold BrightRock* Britannia Mng* Brixton Metals* Brixton Metals Brunswick Expl Bryn Res* BTU Metals* BTU Metals Buccaneer Gold Buenaventura* Buffalo Coal * Buffalo Coal Bullet Explor Bullion Gold* Bunker Hill Burrell Res Bushveld Min* BWR Explor

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

0.25 0.20 0.01 0.01 0.05 0.01 0.00 0.01 0.04 0.03 0.00 0.01 0.01 0.00 0.01 0.74 1.04 0.05 0.03 0.01 0.01 0.02 0.03 0.00 0.00 0.01 0.02 0.02 0.03 0.00 0.00 0.02 0.02 0.12 0.11 0.03 0.03 0.04 0.01 0.04 0.04 0.01 0.09 0.08 0.01 0.02 0.10 0.10 0.03 0.02 0.00 0.01 0.08 0.09 0.00 0.02 0.02 0.02 0.02 0.54 0.04 0.04 0.08 0.02 0.03 0.03 0.00 0.00 0.03 0.05 0.15 0.09 0.01 0.00 0.04 0.04 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.04 0.05 0.10 0.04 0.02

7.14 9.42 0.20 0.16 0.44 0.71 1.12 0.19 0.39 0.90 0.11 0.57 0.70 0.31 0.42 40.54 30.87 0.66 0.82 0.22 0.17 1.15 1.19 0.16 0.13 0.26 0.90 0.25 0.26 0.07 0.10 0.22 0.30 3.66 2.75 0.34 0.25 0.44 0.45 0.32 0.15 0.11 1.44 1.10 0.40 0.54 1.36 1.64 0.48 0.52 0.37 0.25 1.10 1.40 0.04 0.10 0.26 0.19 0.25 72.63 0.62 0.76 0.19 0.26 0.75 0.51 0.08 0.10 1.49 1.14 1.51 1.75 0.20 0.05 0.98 0.80 0.08 0.09 0.03 0.02 0.26 0.33 1.25 0.15 0.26 0.40 0.24 2.40 1.84 1.05 0.65

3.68 4.65 0.13 0.05 0.06 0.08 0.06 0.02 0.17 0.10 0.00 0.27 0.36 0.12 0.16 23.63 18.64 0.34 0.45 0.06 0.05 0.23 0.30 0.09 0.06 0.10 0.50 0.06 0.08 0.04 0.04 0.04 0.05 1.24 0.99 0.10 0.06 0.10 0.16 0.12 0.00 0.05 0.41 0.33 0.20 0.30 0.62 0.83 0.37 0.18 0.10 0.14 0.44 0.55 0.04 0.04 0.04 0.04 0.05 51.97 0.08 0.10 0.05 0.05 0.35 0.30 0.02 0.02 0.62 0.49 0.75 0.00 0.07 0.00 0.47 0.37 0.01 0.03 0.01 0.00 0.06 0.09 0.55 0.04 0.06 0.08 0.11 1.38 1.08 0.13 0.11

C2C Gold* C3 Metals* C3 Metals Cabral Gold* Cabral Gold Cache Explor* Cadence Min* Cadillac Vent* Cadillac Vent Caledonia Mng* Calibre Mng* Calibre Mng Califfi Cap California Gld* California Gld Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Camino Min Camino Min* Camrova Res* Canada Carbon Canada Carbon* Canada Nickel Canada Nickel* Canada One* Canada One Canada Rare Canada Rare* Canada Silver Canada Silver* Canadian Metal* Canadian Metal Canadian Prem* Canadian Prem Canadian Silv Canagold Res* Canagold Res CanAlaska Uran* CanAlaska Uran Canamex Gold* Canasil Res Candelaria Mg Candelaria Mg* Candente Coppr Candente Gold* Candente Gold CANEX Metals * CANEX Metals CaNickel Mng* CaNickel Mng Canoe Mng Vent Canoe Mng Vent* Canstar Res* Canstar Res Canterra Min* Canterra Min Cantex Mn Dev Cantex Mn Dev* Canuc Res Canuc Res* Capella Min* Capella Min Capitan Mining Capitan Mining* Capstone Mng Cardero Res* Cardero Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Casa Minerals * Cascada Silver Cascadero Copp Cassiar Gold Castle Peak Mg CAT Strategic CAT Strategic* CAVU Mining Cdn Goldcamps CDN Maverick* Cdn Palladium Cdn Palladium* CellCube Enrgy* Centamin Centaurus Diam* Centerra Gold Central Afric Central Afric* Central Iron Century Cobalt* Century Global* Century Global Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande Ceylon Graph* 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 Chilean Metals* Chilean Metals China Gold Int Churchill Res Cirrus Gold Clarity Gold* Clarity Gold Class 1 Nickel Clean Air Met Clean Comm* Cleghorn Min Cleveland-Clif* Cliffmont Res Clifton Mng* CMC Metals CMC Metals* CNRP Mng Cobalt Block* Cobalt Block Coeur Mng*

B 3.65 3.67 4.68 4.69 0.14 0.15 + 0.07 0.08 + 0.00 0.19 + 0.12 0.13 0.09 0.11 0.09 0.09 0.23 0.25 0.00 0.19 0.01 0.01 0.27 0.28 0.35 0.35 0.00 0.17 + 0.22 0.22 24.19 24.64 18.76 19.23 0.00 0.39 0.00 0.51 0.07 0.07 0.05 0.05 0.32 0.37 + 0.40 0.48 + 0.10 0.10 unch 0.07 0.07 + 0.10 0.10 0.64 0.70 0.11 0.11 0.15 0.15 0.07 0.07 unch 0.10 0.10 unch 0.09 0.09 0.11 0.12 1.30 1.30 1.02 1.02 0.20 0.21 0.15 0.16 0.15 0.16 0.16 0.17 0.12 0.12 0.00 0.05 + 0.06 0.07 + 0.47 0.51 0.36 0.40 0.25 0.27 + 0.00 0.30 0.74 0.74 0.93 0.96 0.00 0.36 0.28 0.28 0.13 0.14 0.17 0.17 0.47 0.47 0.60 0.62 0.04 0.04 unch 0.05 0.05 0.12 0.14 + 0.08 0.08 0.10 0.11 71.13 72.59 + 0.26 0.26 0.33 0.33 0.00 0.08 0.12 0.12 0.37 0.39 0.30 0.30 0.02 0.02 unch 0.02 0.03 unch 0.80 0.84 0.64 0.64 0.77 0.80 0.60 0.64 0.09 0.09 0.01 0.01 0.55 0.61 0.43 0.48 0.03 0.04 0.05 0.05 0.02 0.02 + 0.01 0.02 unch 0.12 0.12 0.16 0.16 0.00 0.69 0.00 0.05 + 0.07 0.07 0.08 0.09 0.15 0.17 1.30 1.37 1.02 1.03 0.00 0.17 + 0.12 0.13 +

(100s)

High Low

Exc Volume

Week High

Low

Last

15 291 191 348 6712 1351 797 40 49 93387 336 16 329 225 90 1007 1 45891 242 1048 321 14333 487 658 196 339 14 340 400 6618 3 126 14 5 160 20 70 724

0.07 0.11 0.32 0.37 0.01 0.06 1.21 0.20 0.25 0.01 0.02 0.03 0.05 0.07 0.08 0.10 0.15 0.01 0.06 0.08 0.08 0.04 0.14 0.16 0.23 0.02 0.09 0.12 0.06 7.52 0.02 0.03 0.13 0.08 0.25 0.23 0.20 0.03

0.07 0.09 0.27 0.34 0.00 0.05 1.07 0.19 0.00 0.00 0.02 0.00 0.05 0.06 0.07 0.08 0.00 0.01 0.05 0.07 0.06 0.01 0.11 0.15 0.20 0.01 0.08 0.11 0.05 6.11 0.00 0.03 0.13 0.06 0.20 0.00 0.16 0.03

0.07 0.11 0.27 0.34 0.00 0.06 1.12 0.20 0.24 0.00 0.02 0.03 0.05 0.06 0.07 0.09 0.15 0.01 0.05 0.07 0.08 0.02 0.11 0.15 0.22 0.02 0.09 0.11 0.05 6.15 0.02 0.03 0.13 0.06 0.22 0.23 0.19 0.03

O 199 O 3 V 1136 O 245 V 619 O 384 O 8 O 0 V 158 X 189 O 341 T 1517 V 149 O 10 C 231 O 41 V 46 N 19287 T 4962 V 251 O 16 O 1 V 807 O 50 V 1301 O 368 O 40 V 194 V 187 O 162 V 442 O 210 O 3 C 77 O 1 V 42 V 246 O 480 T 506 O 357 V 383 O 5 V 468 V 5 O 1 T 298 O 12 V 104 O 123 V 103 O 81 V 212 V 19 O 0 O 556 V 1513 O 11 V 86 V 53 O 10 V 106 O 12 O 59 V 476 V 378 O 209 T 4445 O 47 V 455 V 533 V 375 O 74 C 868 C 150 O 72 V 102 V 51 O 125 C 1442 V 294 V 853 V 849 C 290 O 35 C 13 C 45 O 353 C 957 O 838 O 471 T 71 O 258 T 2613 V 348 O 0 V 397 O 202 O 30 T 8 V 248 O 39 C 249 C 2 O 270 V 618 V 657 O 203 O 15 O 50 V 7 O 87 T 3373 V 136 O 1 O 133 V 117 N 60089 V 135 O 46 V 791 T 290 V 61 C 200 O 79 C 223 C 2244 V 500 O 59 V 3 N 145660 V 5 O 79 V 855 O 539 C 1158 O 414 V 473 N 16276

0.27 0.12 0.16 0.39 0.50 0.04 0.40 0.00 0.07 12.43 1.25 1.53 0.15 0.09 0.12 2.80 3.59 16.57 20.86 0.15 0.12 0.03 0.12 0.09 3.06 2.55 0.05 0.08 0.09 0.07 0.34 0.27 0.19 0.24 0.52 0.60 0.06 0.46 0.52 0.36 0.45 0.02 0.14 0.55 0.44 0.12 0.05 0.08 0.09 0.10 0.12 0.16 0.15 0.12 0.48 0.61 0.22 0.28 0.48 0.36 0.20 0.15 0.08 0.10 0.27 0.23 5.51 0.06 0.08 0.06 0.04 0.06 0.03 0.14 0.20 0.25 0.25 0.00 0.04 0.03 0.44 0.02 0.04 0.03 0.41 0.05 0.20 0.11 0.10 0.04 1.73 0.02 9.57 0.16 0.11 0.06 0.02 0.23 0.28 1.37 0.22 0.28 0.00 0.11 0.15 0.35 0.28 4.80 0.06 0.08 4.42 5.60 0.17 0.14 3.62 4.56 101.68 0.24 0.11 0.16 3.76 0.34 0.15 0.42 0.54 0.65 0.25 0.19 0.11 25.90 0.13 0.20 0.10 0.08 0.27 0.05 0.06 6.94

12-month Change

Colibri Res* Colibri Res Collective Mg* Colombia Crest* Colombia Crest Colonial Coal Commander Res Commander Res* Commerce Res Commerce Res* Compass Gold Compliance Egy* Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold* Condor Gold Condor Res* Condor Res Conquest Res Cons Uranium* Cons Uranium Cons Woodjam CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* CopAur Min CopAur Min* Copper Fox Mtl* Copper Fox Mtl Copper Lake Rs Copper Mtn Mng* Copper Mtn Mng Copper One * Copperbank Res Copperbank Res* Cordoba Mnls* Cordoba Mnls Core Assets Cornerstone Ca* Cornerstone Ca Corsa Coal * Corsa Coal Cortus Metals Corvus Gold* Corvus Gold Crest Resource Crest Resource* Crestview Expl Cresval Cap Critical Elem* Critical Elem Cross River* Cross River Crown Mining Crown Mining* Cruz Battery* Cruz Battery CTGX Mining* Currie Rose Rs Cyntar Venture Cyon Explor Cyon Explor* Cypress Dev* Cypress Dev

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

393 345 0 493 28 213 60 23 202 42 60 20 3656 1 1 7 23 72 109 610 93 489 599 1582 13819 1048 1406 229 302 48 562 153 170 466 285 1510 5384 762 483 702 8 28 1264 16 91 15 292 264 371 544 169 49 51 50 317 1059 11 247 601 75 444 711 6 24 475 576 343 1616 2030

0.08 0.11 2.60 0.13 0.15 0.81 0.20 0.14 0.24 0.19 0.19 0.00 3.36 0.00 0.06 0.60 0.76 0.14 0.18 0.12 1.51 1.90 0.17 23.00 11.58 0.51 0.65 0.07 0.08 0.08 0.99 0.80 0.33 0.40 0.05 2.79 3.49 0.07 0.44 0.35 0.61 0.75 0.10 3.13 3.80 0.38 0.47 0.17 3.16 3.99 0.12 0.09 0.37 0.04 1.22 1.52 0.14 0.18 0.15 0.12 0.08 0.10 0.02 0.04 0.92 0.12 0.10 1.37 1.72

Dajin Lithium* Dajin Res Damara Gold* Damara Gold Danakali* Decade Res Decade Res* Deep-South Res Deep-South Res* DeepRock Min Defense Metals* Defense Metals Defiance Silvr* Defiance Silvr Delrand Res Denarius Silv Denison Mines Denison Mines* Desert Gold Desert Gold* Desert Mtn Egy Diamante Min* Diamcor Mng* Diamcor Mng Diamond Disc* Diamond Fields* Diamond Fields Dios Expl Discovery Harb* Discovery Harb Discovery Min* Discovery Silv Discovery Silv* Discovery-Corp District Cop District Cop* District Metal* District Metal District Mines Ditem Explor* Diversified Rs* Dixie Gold DNI Metals* Dolat Ventures* Dolly Vard Sil* Dolly Vard Sil Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res DV Resources Dynacor Gld Mn Dynacor Gld Mn* DynaResource* Dynasty Gold Dynasty Gold* E2Gold Inc E3 Metals* E3 Metals E79 Resources* E79 Resources Eagle Graphite* Eagle Graphite Eagle Plains East Africa East Africa * EastCoal Inc Eastern Platin* Eastern Platin Eastfield Res Eastfield Res* Eco Oro Min Eco Oro Min* Edgemont Gold Edgewater Expl* Edgewater Expl Edison Cobalt Edison Cobalt* EEE Explor El Capitan Prc* El Nino Vent* El Nino Vent Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Element 29* Eloro Res Eloro Res* Ely Gold Royal Ely Gold Royal* Elysee Dev Elysee Dev * Emerita Res Emerita Res* Emgold Mining Emgold Mining* Eminent Gold Emperor Metals EMX Royalty EMX Royalty* Encanto Potash* EnCore Energy Endeavour Mng

1174 O 1237 V 7 O 487 V 39 O 3575 V 272 O 1737 V 694 O 135 C 481 O 684 V 1911 O 1037 V 49 V 245 V 5385 T X 25217 74 V 28 O 336 V 13 O 216 O 254 V 888 O 59 O 33 V 977 V 519 O 538 V O 189468 1555 V 991 O 51 V 82 V 7 O 248 O 874 V 19 V 1286 O 0 O 207 V 156 O 183 O 492 O 375 V 460 V 2502 V 1277 O 1000 N 1587 T 28 O 318 V 149 V 272 T 4 O 5 O 120 V 17 O 1245 V 221 O 462 V 101 O 404 C 9 O 116 V 469 V 218 V 0 O 2 V 2 O 14 T 218 V 126 O 22 C 61 O 145 C 1 O 130 V 1105 V 16 O 41 C 3653 O 11 O 35 V 516 V 227 O 8473 N 1850 T 138 O 479 V 226 O 2239 V 2066 O 284 V 37 O 4255 V 958 O 170 V 67 O 3 V 12 C 55 V 807 X 4 O 734 V 2663 T

0.07 0.10 0.06 0.07 0.35 0.06 0.05 0.05 0.04 0.10 0.20 0.25 0.44 0.54 0.07 0.47 1.34 1.07 0.15 0.12 4.95 0.04 0.27 0.33 0.00 0.18 0.22 0.10 0.08 0.10 0.01 2.01 1.59 0.10 0.16 0.10 0.20 0.25 0.25 0.00 0.00 0.24 0.02 0.07 0.50 0.59 0.85 0.55 0.47 9.70 7.74 0.05 0.06 0.10 2.70 2.10 1.09 0.19 0.16 0.15 1.45 1.84 0.99 1.24 0.11 0.14 0.18 0.26 0.20 0.30 0.25 0.33 0.09 0.07 0.09 0.10 0.15 0.18 0.22 0.15 0.12 0.19 0.01 0.03 0.04 0.08 0.06 8.66 10.89 0.44 3.91 3.10 1.32 1.04 0.83 0.66 1.97 1.60 0.06 0.05 0.94 0.26 3.62 2.88 0.07 1.24 30.39

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

0.00 0.02 0.01 0.02 0.00 0.00 0.11 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.02 0.03 0.00 0.01 0.01 0.00 0.00 0.02 0.02 0.03 0.00 0.01 0.01 0.00 1.19 0.00 0.01 0.00 0.02 0.03 0.01 0.02 0.00

0.11 0.16 0.53 0.70 0.04 0.28 1.54 0.23 0.36 0.02 0.07 0.09 0.18 0.24 0.13 0.17 0.55 0.10 0.30 0.40 0.13 0.04 0.36 0.47 0.29 0.03 0.19 0.27 0.14 14.32 0.03 0.04 0.45 0.19 0.70 0.53 0.60 0.08

0.03 0.04 0.06 0.09 0.00 0.05 0.79 0.13 0.20 0.00 0.02 0.03 0.04 0.06 0.05 0.07 0.06 0.00 0.03 0.07 0.01 0.00 0.12 0.16 0.13 0.01 0.08 0.11 0.05 6.34 0.00 0.01 0.13 0.06 0.20 0.20 0.01 0.02

0.23 0.12 + 0.16 0.35 0.46 + 0.04 + 0.40 unch 0.03 unch 0.07 unch 11.75 1.07 1.38 0.15 unch 0.09 unch 0.12 unch 2.61 3.31 16.11 20.68 0.15 unch 0.12 0.03 unch 0.10 0.08 2.75 2.18 0.05 unch 0.08 unch 0.08 0.06 + 0.32 unch 0.25 0.19 + 0.20 0.52 + 0.50 + 0.06 unch 0.36 0.46 0.33 0.42 0.02 unch 0.12 0.55 0.44 0.11 + 0.05 + 0.08 + 0.08 0.10 0.12 unch 0.16 unch 0.15 unch 0.12 unch 0.38 + 0.50 + 0.20 0.27 0.47 + 0.36 0.19 0.15 0.07 + 0.08 0.25 0.21 4.81 0.06 + 0.07 + 0.06 + 0.04 unch 0.05 0.03 unch 0.13 0.18 0.23 0.25 unch 0.20 unch 0.04 unch 0.03 unch 0.41 + 0.02 + 0.04 + 0.03 0.41 unch 0.05 unch 0.20 + 0.10 0.08 0.03 1.72 + 0.02 8.88 0.14 0.11 0.06 + 0.02 0.23 unch 0.22 1.23 0.20 0.28 + 0.02 unch 0.09 0.13 0.33 0.25 4.48 0.06 0.08 unch 4.02 5.12 0.16 0.14 unch 3.15 4.04 94.30 0.24 unch 0.09 0.13 3.50 0.29 0.15 unch 0.37 0.49 0.55 + 0.23 0.19 + 0.11 unch 22.99 0.13 unch 0.17 0.08 0.06 0.26 0.04 0.06 6.20 -

0.02 0.01 0.01 0.02 0.02 0.01 0.00 0.00 0.00 0.52 0.17 0.16 0.00 0.00 0.00 0.27 0.19 0.65 0.30 0.00 0.01 0.00 0.02 0.01 0.33 0.28 0.00 0.00 0.01 0.00 0.00 0.01 0.02 0.03 0.23 0.03 0.00 0.05 0.06 0.01 0.03 0.00 0.02 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.01 0.02 0.01 0.02 0.01 0.01 0.01 0.00 0.02 0.06 0.01 0.68 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.02 0.02 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.05 0.01 0.01 0.00 0.02 0.00 0.42 0.01 0.03 0.01 0.00 0.00 0.06 0.09 0.02 0.02 0.00 0.01 0.01 0.02 0.03 0.23 0.00 0.00 0.56 0.60 0.01 0.00 0.44 0.46 7.66 0.00 0.03 0.02 0.08 0.01 0.00 0.03 0.04 0.18 0.03 0.02 0.00 2.85 0.00 0.03 0.02 0.02 0.01 0.01 0.01 0.74

0.48 0.16 0.20 0.70 0.88 0.39 0.47 0.04 0.17 21.00 2.40 2.80 0.21 0.17 0.23 5.26 6.50 21.95 26.62 0.30 0.22 0.10 0.29 0.23 4.54 3.68 0.09 0.12 0.22 0.18 0.77 0.60 0.30 0.45 0.52 0.60 0.13 0.78 0.95 0.68 0.84 0.06 0.23 0.68 0.52 0.27 0.07 0.09 0.23 0.29 0.22 0.31 0.24 0.15 0.51 0.61 0.37 0.50 1.48 1.10 0.40 0.32 0.10 0.12 0.50 2.00 6.64 0.09 0.11 0.09 0.07 0.23 0.06 0.19 0.31 0.37 0.35 0.27 0.20 0.05 1.20 0.04 0.10 0.15 0.50 0.50 1.00 0.19 0.16 0.15 3.86 0.08 17.79 0.43 0.34 0.10 0.15 0.34 0.40 1.76 0.35 0.49 0.06 0.49 0.62 0.80 0.61 7.21 0.12 0.18 5.82 7.24 0.20 0.14 5.75 7.49 113.11 0.46 0.40 0.55 4.47 0.35 0.15 1.48 1.82 1.11 0.49 0.39 0.15 26.51 0.20 0.35 0.27 0.21 0.82 0.14 0.17 12.60

0.05 0.03 0.05 0.24 0.32 0.01 0.40 0.01 0.05 11.28 0.92 1.35 0.14 0.07 0.09 1.65 2.09 9.01 11.84 0.09 0.07 0.01 0.10 0.00 1.52 1.03 0.03 0.04 0.05 0.03 0.30 0.24 0.00 0.06 0.12 0.14 0.05 0.31 0.11 0.14 0.18 0.01 0.09 0.43 0.34 0.08 0.02 0.04 0.08 0.10 0.07 0.08 0.13 0.00 0.09 0.12 0.12 0.15 0.44 0.36 0.15 0.14 0.04 0.07 0.21 0.11 1.18 0.02 0.04 0.05 0.03 0.05 0.02 0.07 0.14 0.22 0.09 0.06 0.03 0.02 0.37 0.01 0.02 0.00 0.10 0.04 0.07 0.10 0.07 0.01 1.66 0.01 8.21 0.14 0.11 0.04 0.01 0.07 0.09 0.93 0.19 0.23 0.02 0.08 0.09 0.28 0.22 0.95 0.05 0.08 1.90 2.45 0.06 0.04 2.99 3.77 65.16 0.13 0.10 0.10 1.36 0.17 0.12 0.36 0.46 0.25 0.20 0.14 0.08 5.48 0.08 0.10 0.08 0.06 0.24 0.03 0.04 6.16

Exc Volume

Week

Stock

C 0.21 0.00 0.15 0.35 0.44 0.02 0.40 0.00 0.00 11.74 1.04 1.34 0.15 0.09 0.11 2.50 3.20 15.34 19.68 0.15 0.00 0.00 0.10 0.08 2.60 2.06 0.05 0.06 0.07 0.06 0.31 0.24 0.19 0.20 0.00 0.45 0.06 0.34 0.42 0.32 0.41 0.02 0.12 0.55 0.00 0.11 0.05 0.07 0.08 0.10 0.00 0.00 0.15 0.12 0.37 0.46 0.00 0.00 0.46 0.36 0.00 0.00 0.06 0.08 0.25 0.19 4.67 0.05 0.07 0.05 0.04 0.05 0.00 0.13 0.18 0.23 0.23 0.00 0.03 0.02 0.37 0.02 0.00 0.02 0.41 0.00 0.00 0.10 0.08 0.03 1.68 0.01 8.59 0.14 0.00 0.05 0.01 0.18 0.22 1.23 0.20 0.25 0.00 0.09 0.12 0.31 0.24 4.48 0.00 0.00 3.85 4.91 0.15 0.14 3.08 4.01 92.86 0.23 0.09 0.12 3.48 0.26 0.12 0.31 0.44 0.25 0.22 0.17 0.11 22.47 0.13 0.15 0.08 0.06 0.25 0.04 0.05 6.09

(100s)

High Low

High

Low

Last

12-month Change

0.07 0.07 0.10 0.10 0.00 2.60 unch 0.11 0.11 0.00 0.15 0.75 0.76 0.17 0.17 unch + 0.13 0.14 0.22 0.23 0.17 0.17 0.18 0.18 unch 0.00 0.00 unch 2.65 2.77 0.00 0.08 unch 0.06 0.06 0.51 0.51 0.73 0.73 0.13 0.13 0.17 0.17 0.09 0.09 + 1.30 1.41 + 1.66 1.85 0.13 0.14 19.16 20.28 10.41 10.58 0.39 0.43 + 0.50 0.56 0.05 0.06 0.07 0.08 unch 0.04 0.04 0.86 0.91 unch 0.69 0.70 0.26 0.28 0.33 0.36 0.04 0.04 2.22 2.30 2.84 2.95 0.05 0.05 0.36 0.40 0.28 0.31 0.00 0.53 0.61 0.61 + 0.08 0.09 2.74 2.87 3.50 3.79 0.00 0.32 0.41 0.41 0.14 0.16 3.04 3.04 3.89 3.95 0.12 0.12 unch 0.09 0.09 0.35 0.35 0.04 0.04 unch 0.97 1.01 1.25 1.30 0.13 0.13 0.16 0.17 0.13 0.15 0.00 0.10 0.07 0.07 0.09 0.09 + 0.00 0.02 0.00 0.04 unch 0.60 0.71 + 0.09 0.12 + 0.07 0.09 1.03 1.12 1.35 1.44

High Low

0.01 0.01 0.00 0.03 0.02 0.05 0.00 0.01 0.01 0.02 0.00 0.00 0.43 0.00 0.00 0.10 0.01 0.02 0.01 0.01 0.12 0.24 0.02 2.14 0.90 0.02 0.01 0.00 0.00 0.01 0.00 0.04 0.05 0.04 0.01 0.52 0.57 0.00 0.03 0.03 0.08 0.16 0.01 0.21 0.01 0.03 0.04 0.01 0.11 0.01 0.00 0.01 0.01 0.00 0.17 0.17 0.00 0.01 0.01 0.02 0.01 0.01 0.01 0.00 0.22 0.04 0.02 0.19 0.21

0.16 0.17 3.50 0.35 0.44 0.94 0.32 0.21 0.50 0.39 0.32 0.00 9.85 0.14 0.17 0.79 1.40 0.50 0.37 0.36 2.52 2.70 0.30 23.49 15.89 0.53 0.67 0.18 0.24 0.25 1.19 0.89 0.53 0.66 0.07 4.20 5.07 0.60 0.82 0.65 1.70 2.21 0.20 5.00 6.53 0.40 0.51 0.35 3.30 4.15 0.29 0.25 2.53 0.16 1.52 1.79 1.22 0.50 0.36 0.29 0.14 0.18 0.20 0.06 0.99 0.38 0.17 2.00 2.45

0.04 0.05 2.48 0.09 0.12 0.50 0.09 0.06 0.20 0.15 0.17 0.00 0.93 0.07 0.03 0.51 0.65 0.00 0.17 0.09 0.37 0.47 0.08 3.66 8.31 0.13 0.16 0.05 0.07 0.01 0.11 0.11 0.08 0.11 0.02 0.59 0.78 0.04 0.16 0.12 0.50 0.61 0.07 2.55 3.40 0.12 0.16 0.12 1.71 2.17 0.09 0.07 0.29 0.02 0.22 0.29 0.01 0.15 0.06 0.04 0.03 0.04 0.00 0.04 0.19 0.05 0.05 0.24 0.32

0.00 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.00 0.02 0.03 0.04 0.04 0.03 0.01 0.03 0.03 0.04 0.01 0.00 0.15 0.00 0.00 0.01 0.00 0.04 0.01 0.01 0.01 0.02 0.00 0.28 0.24 0.00 0.02 0.00 0.03 0.03 0.00 0.00 0.00 0.01 0.00 0.03 0.01 0.01 0.06 0.10 0.07 0.70 0.39 0.00 0.01 0.00 0.09 0.04 0.01 0.00 0.04 0.01 0.11 0.12 0.23 0.27 0.02 0.01 0.01 0.01 0.01 0.05 0.00 0.02 0.01 0.02 0.00 0.03 0.01 0.01 0.02 0.01 0.02 0.01 0.00 0.02 0.01 0.02 0.01 0.56 0.48 0.01 0.31 0.34 0.02 0.01 0.04 0.05 0.36 0.31 0.00 0.00 0.00 0.08 0.07 0.07 0.00 0.03 1.30

0.16 0.20 0.16 0.20 0.47 0.12 0.09 0.30 0.23 0.11 0.59 0.75 0.91 1.07 0.18 0.69 2.29 1.81 0.30 0.22 4.95 0.06 0.29 0.35 0.01 1.00 1.25 0.14 0.13 0.16 0.04 2.74 2.23 0.12 0.50 0.20 0.55 0.59 0.40 0.02 0.01 0.41 0.09 0.51 0.91 1.13 1.28 1.18 1.22 15.59 10.67 0.13 0.16 0.16 2.98 2.49 1.10 0.35 0.20 0.24 4.22 5.37 1.34 1.65 0.28 0.38 0.19 0.58 0.39 0.31 0.43 0.57 0.10 0.09 0.20 0.15 0.31 0.20 0.27 0.25 1.00 0.25 0.02 0.05 0.07 0.19 0.16 14.49 18.90 0.48 5.88 4.65 1.73 1.32 0.85 0.74 2.16 1.72 0.16 0.12 1.05 0.29 4.83 3.81 0.12 1.63 39.21

0.03 0.04 0.00 0.05 0.22 0.04 0.01 0.04 0.03 0.02 0.11 0.14 0.27 0.36 0.06 0.38 0.41 0.30 0.12 0.09 0.63 0.01 0.05 0.06 0.00 0.06 0.09 0.06 0.03 0.05 0.00 1.45 1.29 0.06 0.10 0.10 0.15 0.20 0.12 0.00 0.00 0.17 0.00 0.03 0.33 0.42 0.57 0.20 0.06 8.73 7.18 0.04 0.05 0.07 1.64 1.26 0.52 0.07 0.05 0.10 0.21 0.26 0.07 0.05 0.03 0.04 0.14 0.14 0.10 0.09 0.23 0.30 0.04 0.03 0.05 0.03 0.10 0.12 0.16 0.03 0.01 0.17 0.00 0.01 0.03 0.06 0.04 8.01 10.27 0.28 1.11 0.83 0.78 0.61 0.39 0.30 0.13 0.05 0.05 0.04 0.24 0.10 3.37 2.50 0.01 0.28 23.12

D-F + 0.05 0.07 0.07 0.08 0.05 0.05 + 0.06 0.07 0.33 0.33 + 0.05 0.06 + 0.04 0.04 0.04 0.05 0.03 0.04 0.08 0.08 0.16 0.17 0.21 0.22 0.35 0.38 0.45 0.49 0.06 0.06 0.39 0.39 1.25 1.30 0.98 1.03 0.14 0.14 + 0.00 0.11 4.35 4.50 0.04 0.04 unch 0.24 0.24 + 0.31 0.32 0.00 0.00 unch 0.12 0.12 0.00 0.20 0.08 0.09 0.06 0.07 0.08 0.08 0.01 0.01 1.65 1.68 1.28 1.32 0.09 0.10 unch 0.00 0.14 0.10 0.10 unch 0.15 0.17 0.20 0.21 0.25 0.25 unch 0.00 0.00 0.00 0.00 unch + 0.19 0.24 0.01 0.01 0.00 0.04 0.41 0.44 0.52 0.56 0.76 0.79 0.44 0.46 0.33 0.36 8.77 8.86 7.27 7.31 + 0.04 0.05 0.05 0.05 0.10 0.10 unch + 2.50 2.62 + 0.00 2.05 + 0.00 1.01 0.18 0.18 unch 0.12 0.12 + 0.11 0.13 1.30 1.30 1.66 1.69 0.72 0.73 0.91 0.93 0.10 0.10 0.00 0.13 0.17 0.17 0.24 0.25 0.00 0.20 0.00 0.25 + 0.00 0.25 0.00 0.31 0.07 0.07 0.04 0.05 0.09 0.09 unch + 0.07 0.10 0.15 0.15 + 0.18 0.18 0.20 0.20 0.10 0.14 + 0.10 0.11 + 0.19 0.19 0.00 0.01 0.03 0.03 + 0.04 0.04 + 0.06 0.08 + 0.05 0.06 7.95 8.08 10.25 10.34 0.40 0.43 3.40 3.55 2.67 2.74 + 1.24 1.30 0.95 1.02 0.68 0.76 0.55 0.59 1.61 1.63 1.26 1.27 0.06 0.06 unch + 0.04 0.05 0.94 0.94 unch 0.00 0.21 3.50 3.50 2.72 2.78 0.01 0.05 unch 1.09 1.14 27.78 28.02

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

Endeavr Silver Endeavr Silver* Endurance Gold* Endurance Gold Enduro Metals Enduro Metals* Energy Fuels Energy Fuels* Engineer Gold Engold Mines Engold Mines* Entree Res* Entree Res Equinox Gold* Equinox Gold Equity Metals* Equity Metals Erdene Res Dev* Erdene Res Dev Erin Ventures* Erin Ventures Ero Copper Ero Copper* Eros Res Corp* Eros Res Corp Eros Res Corp Eskay Mng Eskay Mng* Essex Minerals Essex Minerals* Ethos Gold* Ethos Gold Etruscus Res* Etruscus Res Euro Manganese Euro Manganese* Euro Sun Mg* Euro Sun Mg EurOmax Res EurOmax Res* European Elect* European Elect European Metal* Evergold Evergold* Everton Res* EVI Global Grp Evolving Gold Evolving Gold* Evrim Res Excellon Res* Excellon Res Excelsior Mng* Excelsior Mng ExGen Res Inc* ExGen Res Inc Exploits Disc* Explorex Res Fabled Silver Fabled Silver* Fairchild Gold Fairmile Gold* Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Far Res Far Res* Fathom Nickel* Fathom Nickel FenixOro Gold* FenixOro Gold Fidelity Min* Fidelity Min Filo Mg Corp Filo Mg Corp * Finlay Minrls Fiore Gold* Fiore Gold* Fiore Gold FireFox Gold FireFox Gold* Firestone Vent* Firestone Vent Fireweed Zinc* Fireweed Zinc First Cobalt * First Cobalt First Energy First Energy* First Majestic First Majestic* First Mg Fin First Mg Fin * First Point* First Quantum First Tellur First Tellur* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Five Star Diam* Fjordland Exp* Fjordland Exp Flow Metals Flowery Gold* Focus Graphite* Focus Graphite Fokus Mining Foran Mining* Foran Mining Forsys Metals Fort St James Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay Fortune Bay* Fortune Min* Fortune Min Forty Pillars Forum Energy* Forum Energy Fosterville Founders Metal Four Nines Fox River Res Fox River Res* FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Freegold Vent Freeman Gold* Freeman Gold Freeport McMoR* Freeport Res Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold Full Metal Mnl Full Metal Mnl* Fury Gold Fury Gold* Fuse Cobalt* Fuse Cobalt

T 1708 N 9717 O 18 V 24 V 577 O 184 T 1686 X 13805 V 500 V 60 O 8 O 213 T 254 X 7026 T 3211 O 310 V 490 O 180 T 471 O 0 V 144 T 702 N 72 O 3 V 56 V 56 V 559 O 294 V 285 O 18 O 794 V 2086 O 1 C 63 V 276 O 18 O 101 T 834 T 160 O 69 O 1 V 4 O 12 V 207 O 12 O 30 C 1178 C 7 O 0 V 366 X 226 T 254 O 219 T 706 O 5 V 42 O 750 C 0 V 3601 O 898 V 181 O 0 V 532 O 179 V 490 O 205 V 136 C 2132 O 345 O 6 C 182 O 479 C 586 O 5 V 91 V 637 O 47 V 522 O 798 O 144 V 264 V 202 O 207 O 8 V 15 O 20 V 468 O 1705 V 1340 C 374 O 26 T 2738 N 27763 T 2731 O 2363 O 465 T 12112 C 93 O 88 V 634 O 235 O 1509 T 4767 V 363 O 100 O 35 V 1200 C 1160 O 16 O 395 V 393 V 620 O 38 V 2050 T 440 V 14 O 26 T 4480 N 21899 V 57 O 1 O 235 T 369 C 733 O 376 V 594 V 875 V 13 C 27 C 58 O 16 V 489 N 3184 T 1741 O 1163 T 1240 O 131 C 222 N 108833 V 115 V 548 O 39 V 586 V 390 V 194 O 15 T 742 X 2876 O 161 V 261

G2 Goldfields* G2 Goldfields Gabriel Res* Gabriel Res Galane Gold Galane Gold * Galantas Gold Galantas Gold* Galiano Gold Galiano Gold* Galleon Gold* Galleon Gold Galore Res Galway Gold * Galway Gold Galway Mtls* Galway Mtls Gambier Gold* Gambier Gold Garibaldi Res * Garibaldi Res Gatling Explor Gatling Explor* Gatos Silver Gatos Silver* General Gold Generation Min Generation Min* Generic Gold* Generic Gold Genesis Mtls Genesis Mtls* Genius Metals

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

THE NORTHERN MINER / AUGUST 30–SEPTEMBER 12, 2021

Week High

Low

5.69 4.54 0.18 0.25 0.22 0.18 6.33 5.05 0.05 0.31 0.03 0.65 0.83 6.45 8.11 0.11 0.14 0.34 0.43 0.00 0.12 24.22 19.40 0.08 0.10 0.10 2.35 1.87 0.16 0.13 0.46 0.58 0.23 0.30 0.66 0.56 0.31 0.41 0.08 0.06 0.14 0.15 0.06 0.19 0.15 0.07 0.08 0.53 0.00 0.35 1.89 2.39 0.47 0.59 0.11 0.13 0.77 0.00 0.16 0.13 0.17 0.00 0.40 0.36 0.11 0.09 0.12 0.13 0.09 0.37 0.55 0.20 0.25 0.07 0.09 9.45 7.45 0.20 0.07 0.89 1.07 0.27 0.22 0.24 0.16 0.62 0.79 0.27 0.32 0.28 0.22 16.10 12.85 0.36 0.30 0.46 27.05 0.07 0.08 0.09 0.07 0.42 0.52 0.05 0.03 0.06 0.14 0.05 0.06 0.06 0.08 0.15 1.80 2.25 0.85 0.42 16.25 5.54 4.42 0.68 0.53 0.09 0.11 0.21 0.27 0.34 1.59 0.44 0.58 0.31 0.24 0.56 155.51 194.86 0.02 0.64 0.32 0.39 37.13 0.21 0.04 11.49 0.82 0.03 0.21 0.16 1.13 0.90 0.08 0.09

5.19 4.00 0.16 0.23 0.20 0.15 5.56 4.32 0.04 0.28 0.03 0.60 0.75 5.90 7.53 0.09 0.11 0.31 0.40 0.00 0.09 21.36 16.71 0.00 0.00 0.00 2.05 1.60 0.15 0.00 0.33 0.42 0.00 0.00 0.60 0.00 0.27 0.35 0.06 0.04 0.00 0.00 0.06 0.17 0.00 0.00 0.07 0.00 0.00 0.33 1.71 2.20 0.43 0.55 0.11 0.11 0.51 0.00 0.14 0.11 0.15 0.00 0.38 0.00 0.10 0.08 0.11 0.10 0.07 0.35 0.38 0.16 0.21 0.07 0.09 8.45 6.70 0.16 0.06 0.79 1.02 0.24 0.18 0.12 0.15 0.53 0.69 0.21 0.28 0.25 0.20 14.84 11.53 0.33 0.25 0.35 22.80 0.06 0.05 0.08 0.06 0.35 0.45 0.00 0.03 0.06 0.09 0.05 0.03 0.05 0.07 0.13 1.45 1.85 0.58 0.38 14.20 4.90 3.81 0.67 0.00 0.08 0.10 0.00 0.24 0.31 1.07 0.44 0.51 0.29 0.22 0.46 140.30 180.20 0.01 0.55 0.28 0.35 31.65 0.20 0.03 11.00 0.73 0.00 0.00 0.14 0.85 0.66 0.05 0.07

Last

12-month Change

Stock

Gensource Pot Gentor Res Geomega Res Geomega Res* Getchell Gold Getchell Gold * Getty Copper GFG Resources GFG Resources* GGL Res* GGL Res GGX Gold* GGX Gold Giga Metals Giga Metals* Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake* Glacier Lake Gldn Predator Gldn Predator* Glen Eagle Res* Glen Eagle Res Glencore Plc * Glencore Plc* Global Atomic* Global Atomic Global Battery* Global Battery Global Energy* Global Energy Global Gold* Global Li-Ion* Global Li-Ion GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals* GMV Minerals GNCC Capital* Go Cobalt* Go Cobalt GobiMin GoGold Res Golcap Res Gold Basin Res* Gold Basin Res Gold Bull Res Gold Bull Res* Gold Fields* Gold Fields* Gold Finder Ex* Gold Finder Ex Gold Hunter Rs Gold Line Res Gold Lion Res* Gold Lion Res Gold Mountain* Gold Mountain Gold Port Gold Reserve* Gold Reserve Gold Resource* Gold Royalty* Gold Std Vents* Gold Std Vents Gold’n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldcliff Res* Goldcliff Res Golden Arrow Golden Arrow* Golden Band* Golden Dawn Ml* Golden Dawn Ml Golden Goliath* Golden Goliath Golden Harp Golden Hope Golden Hope* Golden Indepen Golden Indepe* Golden Lake Golden Mnls* Golden Mnls Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Star* Golden Star Golden Star* Golden Sun* Golden Tag Golden Tag* Golden Valley Golden Valley* Goldex Res Goldex Res* Goldgroup Mng* Goldgroup Mng GoldHaven Res* GoldMining GoldON Res GoldON Res* Goldplay Min GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldshore Res* Goldshore Res Goldsource Min* Goldsource Min Goldstar Mnls Goliath Res Goliath Res* Gossan Res GoviEx Uranium GoviEx Uranium* Gowest Gold Gowest Gold* GPM Metals GR Silver* GR Silver Gran Colombia Gran Colombia* Granada Gold Granada Gold* Grande Portage* Grande Portage Granite Creek* Granite Creek Graphite One* Graphite One Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res* Great Bear Res Great Lakes Gr* Great Panther Great Panther* Great Quest Fe Great Thunder* Green Battery Green River* Green River Green Swan Cap Green Valley M Greencastle Rs Greenhawk Res Greenland M&En* Greenshield Ex Grid Metals Grid Metals* Grizzly Discvr* Grizzly Discvr Grosvenor Res Group Eleven Group Ten Mtls* Group Ten Mtls GrowMax Res* GSP Resource GTA Resources* Guanajuato Sil Guardian Exp Gungnir Res* Gungnir Res Gunpoint Expl* Gunpoint Expl Handeni Gold* Hanna Capital* Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Hanstone Gold*

5.22 4.07 0.16 0.23 0.20 0.15 5.80 4.53 0.04 0.31 + 0.03 unch 0.64 0.82 unch 6.03 7.72 0.09 0.12 0.32 0.41 0.08 unch 0.10 22.23 17.37 0.06 0.09 0.09 2.12 1.65 0.15 0.13 0.35 0.46 0.23 unch 0.29 + 0.62 0.47 0.31 + 0.40 + 0.08 + 0.06 + 0.12 0.15 0.06 0.17 0.14 0.07 + 0.07 0.42 0.33 unch 0.34 1.77 2.22 0.43 0.56 0.11 unch 0.13 unch 0.51 9.00 unch 0.15 0.12 0.15 unch 0.00 unch 0.39 0.29 0.10 0.08 + 0.11 0.13 + 0.09 + 0.35 0.44 0.17 0.22 0.07 unch 0.09 unch 8.61 6.76 0.18 0.06 0.81 1.03 unch 0.24 0.18 0.21 0.16 + 0.58 + 0.75 + 0.23 0.29 0.28 + 0.22 + 15.19 11.84 0.34 0.26 0.36 23.46 0.07 0.08 + 0.09 unch 0.07 0.37 0.46 0.05 unch 0.03 unch 0.06 unch 0.14 + 0.05 unch 0.03 0.05 0.07 unch 0.15 1.60 2.05 0.60 0.40 14.66 4.91 3.83 0.68 0.53 0.08 + 0.10 unch 0.12 unch 0.25 + 0.32 + 1.14 0.44 unch 0.58 unch 0.30 + 0.22 0.48 141.34 181.18 0.02 + 0.57 0.29 0.35 32.80 0.20 + 0.04 + 11.28 + 0.80 unch 0.03 0.18 0.14 0.87 0.67 0.06 0.08 -

0.42 0.44 0.02 0.01 0.02 0.03 0.58 0.57 0.01 0.03 0.00 0.01 0.00 0.38 0.27 0.01 0.02 0.01 0.01 0.00 0.02 2.09 2.17 0.01 0.01 0.01 0.20 0.20 0.01 0.02 0.05 0.03 0.00 0.02 0.08 0.12 0.01 0.00 0.02 0.02 0.02 0.01 0.00 0.01 0.02 0.00 0.01 0.11 0.00 0.01 0.14 0.17 0.03 0.02 0.00 0.00 0.22 0.00 0.01 0.01 0.00 0.00 0.02 0.02 0.01 0.00 0.01 0.02 0.02 0.02 0.06 0.03 0.02 0.00 0.00 0.88 0.79 0.01 0.01 0.02 0.00 0.02 0.04 0.03 0.01 0.03 0.04 0.02 0.02 0.03 0.02 0.78 0.91 0.02 0.02 0.05 3.12 0.01 0.02 0.00 0.01 0.05 0.05 0.00 0.00 0.00 0.04 0.00 0.03 0.00 0.00 0.01 0.15 0.14 0.09 0.05 1.80 0.56 0.55 0.05 0.05 0.00 0.00 0.00 0.01 0.01 0.41 0.00 0.00 0.01 0.05 0.04 13.54 12.55 0.00 0.02 0.03 0.04 5.30 0.01 0.01 0.01 0.00 0.01 0.02 0.01 0.23 0.21 0.01 0.01

9.32 7.76 0.35 0.44 0.30 0.24 9.75 7.83 0.19 0.65 0.50 0.90 1.12 13.48 17.75 0.25 0.33 0.45 0.58 0.19 0.25 29.76 22.30 0.09 0.11 0.11 3.14 2.49 0.92 0.14 0.50 0.60 0.34 0.47 0.85 0.66 0.47 0.61 0.24 0.16 0.39 0.55 1.02 0.63 0.48 0.13 0.23 1.45 0.98 0.57 3.90 5.75 0.94 1.19 0.11 0.20 1.35 10.50 0.40 0.60 0.20 0.00 0.49 0.72 0.20 0.17 0.17 0.31 0.24 0.44 0.88 0.49 0.63 0.11 0.17 11.97 9.85 0.20 0.26 1.33 1.75 0.40 0.34 0.25 0.30 0.97 1.31 0.37 0.46 0.62 0.31 30.75 24.01 0.51 0.42 0.76 35.07 0.18 0.14 0.17 0.13 0.57 0.69 0.07 0.05 0.21 0.27 0.13 0.36 0.22 0.28 0.48 2.15 2.63 1.12 0.48 20.40 12.61 9.85 1.55 1.10 0.22 0.27 0.38 0.40 0.46 4.23 0.60 0.60 0.73 0.57 0.94 163.79 205.25 0.15 1.62 0.89 0.68 46.10 0.70 0.14 18.11 1.39 0.04 0.65 0.57 7.27 3.85 0.26 0.33

4.00 2.99 0.07 0.09 0.17 0.12 1.91 1.42 0.05 0.28 0.02 0.27 0.39 5.95 7.53 0.08 0.11 0.26 0.33 0.02 0.03 17.24 16.71 0.05 0.07 0.07 0.60 0.46 0.14 0.12 0.12 0.16 0.16 0.23 0.06 0.33 0.20 0.30 0.01 0.00 0.11 0.15 0.01 0.18 0.00 0.00 0.05 0.28 0.12 0.28 1.71 2.20 0.39 0.48 0.06 0.08 0.19 4.47 0.07 0.07 0.14 0.00 0.35 0.16 0.08 0.02 0.06 0.05 0.04 0.35 0.42 0.15 0.15 0.04 0.06 1.60 1.00 0.06 0.05 0.74 0.95 0.12 0.10 0.08 0.11 0.49 0.63 0.09 0.12 0.14 0.14 12.48 9.33 0.33 0.25 0.32 11.25 0.05 0.03 0.06 0.04 0.17 0.23 0.02 0.01 0.05 0.07 0.05 0.04 0.01 0.02 0.12 0.14 0.16 0.12 0.12 10.95 4.90 3.82 0.66 0.10 0.04 0.06 0.11 0.08 0.11 0.89 0.37 0.11 0.06 0.05 0.42 105.62 133.63 0.00 0.52 0.18 0.28 14.22 0.15 0.03 10.20 0.20 0.02 0.11 0.00 0.91 0.71 0.02 0.03

0.37 0.38 0.47 0.48 0.16 0.17 0.22 0.22 0.15 0.15 0.12 0.12 0.52 0.63 + 0.44 0.44 0.98 1.02 0.77 0.80 0.06 0.06 0.08 0.09 + 0.02 0.02 + 0.12 0.12 + 0.15 0.15 0.47 0.47 0.59 0.59 0.00 0.11 + 0.13 0.13 0.27 0.27 0.35 0.35 0.36 0.38 + 0.28 0.28 15.15 16.11 11.94 12.58 0.36 0.36 0.75 0.78 0.58 0.61 0.32 0.32 unch 0.38 0.38 0.16 0.16 0.13 0.13 + 0.23 0.25 +

0.02 0.02 0.02 0.04 0.01 0.00 0.04 0.06 0.11 0.10 0.01 0.01 0.01 0.00 0.05 0.08 0.10 0.10 0.02 0.05 0.02 0.02 0.01 0.93 1.05 0.02 0.10 0.10 0.00 0.04 0.01 0.00 0.02

0.55 0.78 0.36 0.47 0.35 0.28 0.94 0.78 2.26 1.72 0.12 0.16 0.03 3.95 0.29 1.31 1.72 0.29 0.36 0.56 0.75 0.83 0.64 31.08 24.00 0.63 1.23 1.02 0.67 0.80 0.33 0.25 0.32

0.25 0.35 0.15 0.20 0.15 0.12 0.22 0.16 0.99 0.77 0.05 0.07 0.01 0.09 0.12 0.47 0.60 0.01 0.11 0.20 0.33 0.35 0.28 7.77 5.78 0.16 0.41 0.30 0.28 0.29 0.15 0.12 0.16

G-H 100 148 53 751 712 648 375 17 162 2827 263 1474 245 20 56 224 660 4 130 33 140 330 43 140 3423 149 1948 437 38 50 172 87 389

0.39 0.49 0.20 0.27 0.17 0.13 0.64 0.48 1.13 0.90 0.07 0.09 0.02 0.12 0.19 0.59 0.68 0.12 0.15 0.31 0.38 0.38 0.31 16.89 13.53 0.38 0.90 0.69 0.32 0.41 0.17 0.13 0.28

(100s)

High Low

Exc Volume V 596 V 4 V 315 O 68 C 246 O 141 V 160 V 122 O 390 O 2 V 62 O 133 V 375 V 307 O 403 V 669 O 1 O 97 V 188 V 178 O 2 V 4 V 256 O 75 O 2 V 252 O 381 O 1230 O 710 T 1284 O 563 V 371 O 256 V 115 O 3 O 138 C 227 O 0 O 19 T 101 O 73 V 210 O 2660450 O 0 C 174 V 50 T 2486 C 157 O 19 C 73 V 266 O 68 O 3 N 32871 O 86 V 1436 C 43 V 282 O 6 C 57 O 128 V 612 C 189 O 47 V 42 X 4531 X 1509 X 4560 T 310 C 710 V 357 O 46 V 1 O 12 V 198 V 668 O 242 O 860 O 3 V 469 O 153 V 1357 V 1 V 78 O 57 C 1083 O 491 C 375 X 2311 T 153 O 300 V 67 V 248 V 257 V 6 O 0 T 46 X 2155 O 0 V 713 O 528 V 28 O 7 V 69 O 38 O 404 T 518 O 255 T 612 V 104 O 21 V 725 V 983 C 361 O 16 O 128 C 430 O 65 V 513 O 57 V 137 V 29 V 929 O 163 V 81 V 1455 O 898 V 193 O 23 V 31 O 1231 V 1357 T 1936 O 279 V 267 O 238 O 432 V 920 O 94 V 280 O 193 V 122 O 397 V 1628 C 710 V 5 O 66 V 214 O 264 T 733 X 8231 V 328 O 267 V 669 O 20 C 128 V 702 V 14 V 69 C 43 O 1311 V 271 V 242 O 119 O 369 V 587 V 4 V 90 O 971 V 327 O 250 V 58 O 0 V 1965 V 25 O 392 V 567 O 1 V 2 O 51 O 1 V 95 V 291 O 177 V 53 O 40

Week High 0.23 0.09 0.28 0.23 0.59 0.47 0.08 0.17 0.13 0.08 0.13 0.13 0.15 0.44 0.34 0.07 0.07 0.38 0.46 0.23 0.22 0.27 0.16 0.12 0.06 0.07 4.59 9.11 2.04 2.55 0.24 0.30 0.16 0.20 1.50 0.07 0.08 0.20 0.97 1.21 0.30 0.36 0.00 0.00 0.28 0.26 3.19 0.19 0.26 0.35 0.26 0.21 9.00 9.08 0.08 0.10 0.40 0.20 0.12 0.15 1.24 1.54 0.13 1.72 2.15 1.75 4.82 0.50 0.63 0.08 0.07 0.05 0.15 0.07 0.09 0.18 0.14 0.00 0.13 0.23 0.05 0.06 0.00 0.31 0.24 0.21 0.16 0.25 0.49 0.60 0.12 0.15 0.24 4.24 0.14 0.00 3.02 2.41 0.00 0.29 0.24 6.35 5.00 0.07 0.06 0.04 0.06 0.37 1.49 0.26 0.21 0.17 0.24 0.04 0.04 0.04 0.13 0.51 0.64 0.83 1.05 0.12 1.16 0.92 0.21 0.23 0.19 0.19 0.16 0.12 0.35 0.44 4.95 3.95 0.12 0.09 0.44 0.55 0.15 0.19 0.92 1.12 1.20 1.44 0.55 0.44 11.55 14.10 0.00 0.61 0.49 0.07 0.43 0.14 0.04 0.06 0.07 0.76 0.11 0.21 0.09 0.60 0.14 0.10 0.04 0.04 0.17 0.11 0.29 0.36 0.04 0.30 0.00 0.49 0.11 0.04 0.05 0.46 0.65 0.03 0.04 0.06 0.29 0.23 0.40 0.33

Low

Last

12-month Change

0.21 0.22 0.09 0.09 unch 0.25 0.26 0.19 0.20 0.53 0.55 unch 0.41 0.45 + 0.00 0.08 unch 0.15 0.15 + 0.12 0.12 + 0.08 0.08 + 0.00 0.13 + 0.00 0.10 0.13 0.14 0.38 0.40 0.29 0.32 0.07 0.07 0.00 0.06 0.31 0.31 0.40 0.42 0.17 0.17 0.20 0.20 unch 0.27 0.27 unch 0.14 0.16 + 0.10 0.12 0.00 0.06 + 0.06 0.06 4.16 4.22 8.27 8.41 1.81 1.86 2.32 2.40 0.19 0.20 0.25 0.26 0.14 0.15 0.18 0.18 0.00 1.49 + 0.05 0.06 0.07 0.08 unch 0.00 0.20 unch 0.00 0.85 1.03 1.08 0.22 0.23 0.27 0.30 0.00 0.00 0.00 0.20 unch 0.24 0.28 + 0.25 0.25 2.75 2.83 0.17 0.17 0.26 0.26 + 0.31 0.35 + 0.22 0.24 0.18 0.18 9.00 9.00 unch 8.57 8.97 + 0.07 0.07 0.09 0.09 0.37 0.37 0.17 0.17 0.12 0.12 unch 0.13 0.15 unch 1.04 1.09 1.38 1.42 0.12 0.12 1.61 1.67 + 2.04 2.15 + 1.57 1.60 4.16 4.22 0.43 0.44 0.55 0.57 0.07 0.08 0.06 0.06 0.00 0.05 0.00 0.15 + 0.07 0.07 0.08 0.09 0.16 0.17 unch 0.00 0.13 0.00 0.00 unch 0.13 0.13 unch 0.18 0.19 0.04 0.05 0.06 0.06 unch 0.00 0.17 unch 0.29 0.29 0.00 0.23 0.16 0.17 0.12 0.13 0.22 0.24 + 0.43 0.44 0.55 0.55 0.00 0.12 + 0.13 0.15 + 0.23 0.24 unch 4.11 4.22 0.13 0.14 + 0.00 2.25 unch 2.80 2.84 + 2.18 2.20 0.00 0.10 unch 0.22 0.24 0.17 0.18 6.01 6.20 + 0.00 4.81 0.07 0.07 0.06 0.06 0.03 0.03 0.05 0.05 0.33 0.33 1.40 1.45 0.24 0.24 0.00 0.19 0.15 0.15 unch 0.16 0.16 0.00 0.04 0.00 0.02 0.00 0.04 + 0.11 0.13 + 0.31 0.42 0.53 0.54 0.67 0.67 0.90 0.91 0.00 0.12 unch 1.00 1.07 0.80 0.83 0.18 0.19 0.19 0.20 0.15 0.16 0.16 0.16 0.16 0.16 unch 0.11 0.12 + 0.28 0.30 0.36 0.39 4.51 4.61 3.37 3.59 0.11 0.11 0.08 0.09 0.38 0.39 0.48 0.50 0.12 0.12 0.15 0.15 0.78 0.80 1.00 1.04 0.96 1.03 1.31 1.32 0.41 0.46 unch 0.00 0.44 10.08 10.52 12.93 13.46 0.00 0.00 0.53 0.53 0.42 0.42 0.06 0.06 0.34 0.34 0.11 0.11 0.00 0.04 + 0.05 0.06 unch 0.06 0.06 unch 0.67 0.74 unch 0.10 0.10 0.19 0.19 0.08 0.09 + 0.45 0.58 + 0.12 0.12 0.09 0.09 0.02 0.03 0.04 0.04 unch 0.00 0.17 unch 0.10 0.10 unch 0.22 0.23 0.28 0.30 0.04 0.04 unch 0.27 0.28 0.00 0.00 unch 0.36 0.39 0.00 0.11 unch 0.00 0.04 0.05 0.05 0.46 0.46 unch 0.65 0.65 unch 0.00 0.03 + 0.00 0.04 unch 0.06 0.06 unch 0.22 0.23 0.17 0.18 0.38 0.40 unch 0.33 0.33 unch

0.01 0.00 0.02 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.03 0.01 0.03 0.03 0.01 0.01 0.06 0.04 0.07 0.00 0.00 0.01 0.00 0.02 0.01 0.48 0.89 0.17 0.12 0.03 0.03 0.00 0.01 0.49 0.00 0.00 0.00 0.05 0.11 0.06 0.07 0.00 0.00 0.04 0.01 0.26 0.02 0.00 0.04 0.02 0.03 0.00 0.18 0.02 0.01 0.02 0.02 0.00 0.00 0.10 0.09 0.01 0.02 0.10 0.11 0.63 0.06 0.06 0.01 0.01 0.00 0.03 0.01 0.01 0.00 0.01 0.00 0.00 0.02 0.01 0.00 0.00 0.03 0.02 0.04 0.03 0.01 0.05 0.05 0.00 0.02 0.00 0.02 0.02 0.00 0.03 0.05 0.00 0.03 0.03 0.09 0.37 0.01 0.00 0.00 0.01 0.04 0.01 0.03 0.02 0.00 0.03 0.01 0.01 0.00 0.02 0.08 0.08 0.11 0.08 0.00 0.03 0.05 0.02 0.02 0.01 0.03 0.00 0.01 0.05 0.05 0.25 0.31 0.01 0.01 0.05 0.06 0.02 0.03 0.06 0.06 0.11 0.10 0.00 0.01 0.60 0.54 0.00 0.08 0.07 0.01 0.08 0.03 0.01 0.00 0.00 0.00 0.02 0.02 0.01 0.08 0.02 0.01 0.00 0.00 0.00 0.00 0.05 0.06 0.00 0.02 0.00 0.10 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.05 0.04 0.00 0.00

High Low 0.25 0.11 0.60 0.47 0.69 0.58 0.11 0.31 0.24 0.29 0.45 0.21 0.26 2.44 1.84 0.18 0.12 0.70 0.87 0.30 0.42 0.38 0.40 0.30 0.09 0.11 4.94 9.49 2.94 3.34 1.52 1.93 0.28 0.35 2.70 0.21 0.27 0.80 1.24 1.49 0.36 0.45 0.00 1.74 2.40 0.37 3.55 0.60 0.33 0.50 0.71 0.56 13.00 14.90 0.23 0.23 0.95 0.76 0.52 0.68 2.65 3.12 0.30 1.97 2.54 4.26 7.08 0.97 1.27 0.35 0.14 0.11 0.19 0.13 0.16 0.21 0.20 0.01 0.16 0.23 0.32 0.38 0.44 0.46 0.35 0.72 0.57 0.70 1.30 1.65 0.19 0.25 0.41 5.44 0.20 3.49 6.71 5.09 5.10 0.65 0.60 8.32 6.43 0.10 1.10 0.07 0.08 0.87 3.85 1.14 0.86 0.20 0.47 0.08 0.05 0.10 0.59 0.85 0.98 1.12 1.80 0.30 1.62 1.31 0.35 0.39 0.32 0.51 0.39 0.15 0.74 0.95 8.40 6.61 0.27 0.21 0.65 0.78 0.24 0.29 1.89 2.40 1.51 1.84 2.86 0.88 14.89 19.19 0.02 1.47 1.16 0.17 0.73 0.72 0.07 0.10 0.12 1.81 0.26 0.70 0.30 0.60 0.34 0.27 0.07 0.09 0.17 0.18 0.50 0.51 0.11 0.67 0.00 0.74 0.20 0.08 0.10 0.67 0.90 0.15 0.11 0.16 0.62 0.49 2.94 0.35

0.15 0.05 0.17 0.10 0.30 0.22 0.04 0.12 0.10 0.08 0.11 0.08 0.10 0.30 0.23 0.07 0.05 0.09 0.12 0.10 0.20 0.20 0.12 0.09 0.04 0.05 1.97 3.90 0.41 0.56 0.05 0.09 0.11 0.14 0.55 0.05 0.07 0.00 0.43 0.57 0.16 0.20 0.00 0.18 0.24 0.21 1.37 0.08 0.02 0.25 0.22 0.18 8.00 8.11 0.03 0.05 0.30 0.17 0.08 0.12 1.04 0.76 0.11 1.17 1.50 1.57 3.39 0.43 0.56 0.07 0.06 0.04 0.10 0.06 0.08 0.15 0.12 0.00 0.08 0.11 0.00 0.06 0.17 0.26 0.24 0.17 0.13 0.12 0.38 0.51 0.10 0.12 0.12 1.81 0.08 0.17 2.58 2.04 0.00 0.22 0.18 6.01 4.83 0.07 0.00 0.02 0.04 0.20 1.40 0.24 0.00 0.15 0.17 0.03 0.02 0.02 0.11 0.26 0.53 0.60 0.77 0.09 0.12 0.10 0.07 0.12 0.09 0.16 0.12 0.05 0.28 0.37 4.50 3.41 0.11 0.08 0.18 0.24 0.08 0.11 0.26 0.36 0.10 0.13 0.38 0.42 10.25 12.80 0.00 0.53 0.42 0.06 0.24 0.07 0.04 0.05 0.03 0.25 0.08 0.17 0.05 0.14 0.10 0.07 0.02 0.04 0.14 0.06 0.20 0.27 0.01 0.21 0.00 0.15 0.10 0.03 0.04 0.45 0.57 0.01 0.04 0.06 0.22 0.17 0.36 0.33

(100s) Stock

Exc Volume

Week High

Low

Last

0.05 0.31 3.48 0.06 0.04 0.11 0.15 0.02 0.02 0.08 0.21 0.20 5.43 0.60 0.78 1.52 0.28 0.30 0.02 0.20 1.36 0.96 0.10 0.07 0.36 0.02 1.91 0.05 0.06 0.07 0.11 5.22 6.71 0.08 0.06 0.00 0.06 0.03 2.46 1.95

0.06 0.32 3.58 0.07 0.05 0.11 0.15 0.02 0.02 0.08 0.24 0.20 5.52 0.63 0.78 1.87 0.30 0.30 0.02 0.20 1.41 1.07 0.10 0.08 0.36 0.02 1.91 0.05 0.06 0.07 0.12 5.38 6.88 0.08 0.06 0.05 0.07 0.03 2.50 1.96

Happy Ck Mnrls Harfang Explor Harmony Gold* Harte Gold Harte Gold* Harvest Gold* Harvest Gold Hawkeye Gld&Di Hawkeye Gld&Di* Hawkmoon Res Headwater Gold Headwater Gold* Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl* Hemlo Expl Highbank Res Highbury Proj HighGold HighGold* Highland Copp Highland Copp* Highway 50 Gld HiHo Silver* Hochschild Mg* Homerun Res Honey Badger* Honey Badger Horizonte Mnls HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hylands Intl i-80 Gold i-80 Gold*

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

590 196 21392 1944 593 4 86 319 50 407 168 50 29932 205 159 53 23 69 150 10 616 75 379 427 14 42 135 240 1037 648 230 6775 6463 255 20 7 297 6 475 41

0.06 0.33 3.75 0.08 0.06 0.14 0.17 0.02 0.02 0.09 0.24 0.20 6.14 0.78 0.97 1.87 0.30 0.38 0.02 0.20 1.55 1.23 0.11 0.09 0.36 0.02 2.22 0.05 0.06 0.07 0.12 6.52 8.18 0.09 0.07 0.06 0.07 0.03 2.55 2.00

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

O 109 V 96 T 4622 N 18538 O 120 V 573 O 602 O 224 C 131 C 673 O 229 V 342 V 949 O 0 T 84 O 10 O 143 V 428 O 12 V 64 O 311 V 1333 O 47 V 5 V 5 O 37 V 292 C 59 O 200 V 63 V 51 V 218 X 332 V 113 V 2 C 195 O 35 O 507 C 132 V 4 O 1 C 0 O 647 V 3917 O 14 V 158 O 165284 X 333 T 10 V 141 O 121 N 611 O 31 V 70 V 528 V 190 O 72 C 104 O 181 V 498 O 8 V 53 O 1165 O 827 T 10452 O 0 V 38 V 48 T 441 O 234 O 50 V 74 O 10 V 5 O 234 V 175 O 1 V 24 V 46 V 403 O 1150 O 49 C 294 T 673 O 337 V 1821 V 1 O 27 O 456 V 2200 O 1 V 170 O 227 T 2500 O 414 V 88 V 742 O 323 V 65 V 538 C 1 T 27 V 7 O 546 O 118577 O 45 V 75 V 68 V 92 V 354 O 99 V 893 V 13 O 8 O 21 V 417 O 351 V 279 O 67 V 282 O 60 V 247 V 12 O 0 V 63 O 4 T 20733 N 54772 V 1445 V 5 O 6 T 3363 N 6625 V 88 O 54 O 437 V 1386 O 43 O 241 V 1422 O 670 V 478 C 184

0.03 0.03 3.12 2.49 0.05 0.22 0.18 0.10 0.12 0.16 0.07 0.09 0.53 0.00 4.54 3.33 0.14 0.17 0.32 0.40 0.01 0.10 0.09 0.09 0.13 0.05 0.07 0.29 0.02 0.11 0.06 3.62 2.90 0.46 0.15 0.18 0.14 0.71 0.87 0.00 0.22 0.00 0.06 0.07 0.16 0.20 0.01 0.88 1.12 0.23 0.19 35.52 0.16 0.22 0.04 0.44 0.35 1.32 1.06 2.26 1.16 1.40 0.25 7.93 9.87 0.00 0.09 0.03 4.90 3.94 0.24 0.30 0.09 0.11 0.06 0.08 0.49 0.65 0.60 0.45 0.38 0.12 0.17 0.81 0.06 0.05 0.00 0.22 0.20 0.24 1.05 0.30 0.32 7.91 6.24 0.23 0.06 0.05 0.31 1.16 0.14 0.22 0.50 2.74 0.01 0.02 0.16 0.75 0.03 0.15 0.11 0.10 0.18 0.18 0.16 0.21 0.06 0.08 0.47 0.59 0.05 0.07 0.15 0.00 0.18 0.14 7.70 6.13 0.22 0.49 0.39 51.30 40.83 0.19 0.15 0.05 0.06 1.13 0.41 0.55 0.21 0.27 0.04

12-month Change

High Low

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

0.01 0.01 0.01 0.01 0.01 0.03 0.03 0.00 0.00 0.02 0.01 0.00 0.61 0.09 0.12 0.04 0.02 0.00 0.00 0.00 0.12 0.14 0.01 0.00 0.01 0.00 0.23 0.00 0.00 0.00 0.01 1.26 1.43 0.01 0.01 0.00 0.00 0.00 0.06 0.09

0.15 0.62 6.71 0.20 0.15 0.20 0.29 0.05 0.04 0.20 0.65 0.27 9.44 1.47 2.03 2.11 0.81 1.10 0.03 0.23 3.14 2.44 0.15 0.12 0.47 0.13 3.77 0.13 0.21 0.18 0.20 9.60 11.62 0.38 0.29 0.23 0.20 0.06 3.05 2.65

0.06 0.27 3.46 0.05 0.04 0.11 0.15 0.02 0.01 0.08 0.21 0.20 4.32 0.10 0.80 0.65 0.22 0.27 0.01 0.20 1.07 0.83 0.04 0.03 0.14 0.01 1.90 0.04 0.00 0.05 0.08 3.82 5.11 0.08 0.06 0.01 0.05 0.03 2.26 1.88

0.02 0.03 unch 2.83 2.19 0.04 unch 0.20 0.15 0.09 0.12 + 0.16 unch 0.06 0.09 unch 0.44 16.90 unch 4.11 3.20 0.12 0.14 0.27 0.37 0.01 0.07 0.06 0.09 + 0.13 unch 0.05 0.07 unch 0.26 0.02 + 0.11 0.06 unch 3.15 2.46 0.46 unch 0.15 unch 0.15 0.13 0.60 0.80 0.09 unch 0.22 unch 0.26 unch 0.05 + 0.06 + 0.16 0.15 0.01 0.85 + 1.12 + 0.20 0.15 28.11 0.14 + 0.19 0.04 + 0.40 0.32 1.32 + 1.03 2.17 + 1.12 1.35 0.24 + 7.01 8.99 0.04 unch 0.09 + 0.03 4.10 3.21 0.22 0.28 0.08 unch 0.11 unch 0.06 + 0.08 + 0.49 unch 0.65 unch 0.59 + 0.43 0.33 0.11 0.13 0.80 0.04 0.04 0.74 unch 0.19 0.14 0.19 0.89 0.27 0.27 6.89 5.38 0.22 + 0.05 0.04 0.27 1.00 + 0.14 unch 0.20 + 0.50 2.46 0.01 0.02 unch 0.15 0.69 0.02 0.15 unch 0.11 0.08 0.17 0.16 0.16 0.18 0.06 0.07 unch 0.39 0.49 0.05 unch 0.07 unch 0.15 unch 0.11 unch 0.17 0.14 7.30 5.71 0.19 + 0.49 unch 0.39 + 48.52 37.83 0.18 0.14 0.04 0.05 1.09 0.40 0.50 0.17 0.23 0.04 unch

0.00 0.00 0.25 0.27 0.00 0.02 0.03 0.01 0.01 0.00 0.01 0.00 0.09 0.00 0.13 0.20 0.02 0.03 0.10 0.02 0.00 0.03 0.03 0.02 0.00 0.00 0.00 0.02 0.01 0.01 0.00 0.32 0.37 0.00 0.00 0.03 0.01 0.10 0.05 0.00 0.00 0.00 0.00 0.01 0.01 0.06 0.00 0.02 0.07 0.03 0.02 7.79 0.01 0.02 0.01 0.05 0.04 0.02 0.01 0.12 0.04 0.05 0.05 0.92 0.95 0.00 0.02 0.01 0.77 0.71 0.02 0.02 0.00 0.00 0.01 0.01 0.00 0.00 0.07 0.03 0.03 0.01 0.05 0.02 0.02 0.01 0.00 0.05 0.05 0.06 0.11 0.01 0.03 0.89 0.85 0.03 0.01 0.01 0.01 0.05 0.00 0.02 0.01 0.21 0.00 0.00 0.03 0.06 0.01 0.00 0.00 0.02 0.03 0.02 0.01 0.03 0.00 0.00 0.04 0.09 0.00 0.00 0.00 0.00 0.01 0.02 0.30 0.37 0.01 0.00 0.00 2.14 2.68 0.01 0.01 0.01 0.01 0.04 0.05 0.07 0.03 0.03 0.00

0.05 0.06 5.86 4.46 0.13 0.37 0.30 0.26 0.30 0.33 0.16 0.21 1.22 21.00 6.25 4.92 0.90 0.24 0.67 0.86 0.05 0.23 0.17 0.13 0.42 0.19 0.23 0.63 0.14 0.23 0.12 5.19 4.08 0.48 0.26 0.34 0.27 0.78 0.99 0.12 0.81 1.08 0.13 0.16 0.40 0.23 0.01 1.90 2.60 0.33 0.24 39.19 0.26 0.33 0.05 0.67 1.40 3.90 3.00 3.49 1.55 1.90 0.30 8.26 10.07 0.08 0.12 0.06 11.30 9.30 0.38 0.47 0.13 0.21 0.08 0.10 0.83 1.05 0.60 0.61 0.51 0.30 0.30 1.05 0.20 0.18 0.90 0.32 0.41 0.52 2.25 0.96 0.66 9.36 7.60 0.40 0.09 0.07 0.59 1.95 0.30 0.31 0.94 3.88 0.02 0.52 0.60 1.75 0.06 0.47 0.37 0.24 0.60 0.44 0.29 0.48 0.09 0.12 0.50 0.80 0.18 0.24 0.30 0.14 0.24 0.16 13.59 10.32 0.22 0.56 0.45 72.52 55.29 0.32 0.25 0.26 0.34 2.51 0.47 0.61 0.42 0.50 3.00

0.01 0.03 2.83 2.20 0.00 0.09 0.07 0.08 0.10 0.06 0.06 0.08 0.44 8.64 2.91 2.16 0.08 0.07 0.20 0.33 0.01 0.08 0.06 0.06 0.10 0.04 0.04 0.24 0.00 0.06 0.05 3.13 2.45 0.37 0.09 0.10 0.07 0.05 0.08 0.02 0.05 0.06 0.03 0.04 0.07 0.09 0.00 0.80 1.02 0.04 0.03 7.94 0.08 0.10 0.03 0.27 0.13 1.14 0.91 0.91 1.01 0.23 0.02 3.27 4.51 0.03 0.05 0.03 4.23 1.25 0.21 0.27 0.03 0.05 0.05 0.06 0.12 0.09 0.20 0.25 0.17 0.10 0.14 0.62 0.02 0.02 0.65 0.06 0.06 0.11 0.31 0.27 0.21 5.77 4.46 0.18 0.03 0.02 0.24 0.13 0.14 0.16 0.32 2.25 0.00 0.03 0.15 0.68 0.02 0.14 0.11 0.04 0.17 0.01 0.15 0.17 0.02 0.03 0.33 0.40 0.05 0.06 0.05 0.05 0.14 0.10 7.23 5.64 0.07 0.11 0.01 40.07 31.72 0.18 0.14 0.03 0.05 0.35 0.18 0.23 0.16 0.21 0.03

I-J-K 0.00 0.03 2.82 2.19 0.04 0.19 0.14 0.09 0.11 0.12 0.06 0.00 0.42 0.00 3.94 0.00 0.11 0.14 0.27 0.37 0.01 0.06 0.05 0.09 0.13 0.05 0.00 0.24 0.01 0.11 0.06 3.13 2.45 0.42 0.00 0.15 0.00 0.54 0.67 0.00 0.22 0.00 0.04 0.05 0.00 0.15 0.01 0.81 1.02 0.19 0.15 27.87 0.14 0.00 0.03 0.38 0.29 1.11 0.86 1.99 1.03 0.00 0.18 6.72 8.76 0.00 0.00 0.03 4.06 3.18 0.22 0.00 0.08 0.11 0.05 0.07 0.00 0.00 0.54 0.40 0.32 0.11 0.13 0.74 0.00 0.04 0.00 0.00 0.00 0.18 0.00 0.27 0.26 6.83 5.30 0.20 0.04 0.04 0.26 0.92 0.14 0.18 0.00 2.35 0.01 0.02 0.00 0.65 0.02 0.14 0.11 0.07 0.17 0.16 0.15 0.17 0.00 0.07 0.39 0.49 0.05 0.00 0.15 0.00 0.00 0.00 7.23 5.62 0.18 0.49 0.39 48.39 37.68 0.18 0.00 0.04 0.05 0.80 0.24 0.45 0.16 0.22 0.00

(100s) Stock

Exc Volume

Week

21

12-month

High

Low

Last

0.00 0.42 0.43 1.25 0.93 0.03 0.02

0.03 0.45 0.46 1.29 0.98 0.03 0.03

-

0.00 0.10 0.06 0.18 0.18 0.00 0.00

0.22 2.01 4.09 3.13 2.47 0.04 0.03

0.02 0.50 0.13 1.09 0.83 0.01 0.00

0.80 1.02 0.17 30.70 39.40 0.36 0.63 0.50 0.66 0.42 0.01 12.62 16.25 0.11 0.13 0.13 0.51 0.40 0.22 0.17 3.35 0.20 0.03 0.60 0.47 0.00 0.18 0.15 0.35 0.27 0.74 0.00 0.30 0.02 0.00 1.00 0.80 18.90 14.94 0.32 0.25 0.32 0.06 0.08 0.31 0.08 0.10 0.05 0.00 0.08 0.11 0.00 0.66 0.00 5.79 7.00 0.20 0.16 0.67 0.07 0.09 0.38 0.47 0.73 0.58 0.55 10.53 7.20 9.57 0.00 0.06 0.01 4.46 4.49

0.82 1.05 0.20 31.30 40.28 0.38 0.66 0.51 0.69 0.46 0.01 12.77 16.33 0.11 0.14 0.17 0.56 0.42 0.22 0.17 3.89 0.20 0.03 0.62 0.48 0.00 0.20 0.15 0.35 0.27 0.82 0.41 0.30 0.35 0.14 1.02 0.81 21.37 16.67 0.34 0.26 0.33 0.09 0.11 0.33 0.09 0.10 0.05 0.09 0.09 0.12 0.54 0.67 1.16 5.79 7.05 0.24 0.19 0.67 0.07 0.09 0.40 0.48 0.75 0.58 0.63 10.78 7.54 9.69 0.04 0.06 0.01 4.51 4.50

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

0.17 0.20 0.01 8.25 9.07 0.09 0.06 0.06 0.01 0.02 0.00 1.57 1.62 0.03 0.03 0.04 0.04 0.01 0.04 0.02 0.06 0.01 0.01 0.01 0.02 0.00 0.02 0.03 0.06 0.06 0.05 0.06 0.07 0.13 0.01 0.12 0.11 1.03 1.22 0.05 0.04 0.04 0.02 0.03 0.01 0.03 0.01 0.00 0.00 0.01 0.01 0.06 0.02 0.03 0.00 0.10 0.00 0.00 0.05 0.01 0.01 0.14 0.17 0.01 0.04 0.07 0.72 1.44 1.60 0.01 0.00 0.03 1.21 1.20

1.50 1.85 0.95 42.40 50.45 0.50 0.77 0.66 0.89 0.60 0.09 18.71 22.96 0.18 0.23 0.24 0.75 0.61 0.45 0.35 7.25 0.42 0.50 1.00 1.47 0.01 0.99 0.65 0.89 0.73 1.80 0.90 1.00 3.80 0.28 2.16 1.65 36.60 28.75 1.15 0.89 1.22 0.26 0.33 0.92 0.11 0.15 0.20 0.28 0.22 0.28 0.97 1.16 4.20 8.55 11.11 0.60 0.27 1.00 0.54 0.19 0.54 0.66 1.10 0.84 1.01 12.93 13.11 16.07 0.07 0.08 0.07 5.75 5.83

0.24 0.30 0.01 18.13 23.47 0.02 0.25 0.26 0.62 0.21 0.00 12.72 8.90 0.10 0.11 0.10 0.18 0.14 0.16 0.12 0.32 0.17 0.00 0.35 0.44 0.00 0.19 0.16 0.35 0.29 0.75 0.40 0.01 0.26 0.11 1.00 0.80 8.33 6.30 0.12 0.09 0.14 0.05 0.06 0.17 0.04 0.05 0.04 0.05 0.03 0.04 0.38 0.50 0.65 2.66 3.15 0.09 0.12 0.45 0.04 0.06 0.18 0.28 0.72 0.54 0.52 9.11 5.00 6.68 0.00 0.04 0.00 1.61 1.65

0.49 0.50 0.00 0.40 0.03 0.04 0.05 0.05 0.09 0.09 0.10 0.11 21.55 21.76 0.83 0.91 0.86 0.87 0.66 0.66 0.37 0.45 + 0.12 0.12 + 0.13 0.14 0.05 0.05 + 0.05 0.05 0.06 0.06 unch 0.33 0.36 + 0.28 0.28 + 0.10 0.11 0.08 0.08 0.54 0.55 0.25 0.27 0.32 0.35 + 0.12 0.12 + 0.13 0.13 2.52 2.64 0.00 2.10 0.21 0.25 + 0.27 0.31 + 0.08 0.08 unch 0.06 0.06 + 0.05 0.06 + 0.07 0.07 unch 0.16 0.16 0.18 0.19 unch 0.18 0.18 0.22 0.25 0.20 0.23 0.26 0.29 2.07 2.15 2.68 2.75 0.04 0.04 0.03 0.03 unch 0.04 0.04 + 0.06 0.06 unch 0.00 3.12 unch 3.72 3.90 0.13 0.13 367.85 375.00 0.12 0.12 0.15 0.15 0.10 0.10 0.00 2.50 0.08 0.08 unch 0.06 0.06 0.52 0.53 0.41 0.42 0.21 0.22 + 0.03 0.03 unch 0.02 0.02 unch 5.57 5.62 4.33 4.39 0.18 0.19 + 0.23 0.25 + 0.14 0.14 0.00 0.05 0.05 0.06 unch 0.00 0.08 unch 0.73 0.76 + 0.85 0.87 0.14 0.14 unch 1.02 1.19 unch 0.98 0.99 1.27 1.29 0.06 0.06 0.00 0.40 2.13 2.25 + 0.13 0.13 0.16 0.17 0.91 1.01 0.72 0.79 0.00 0.03 0.03 0.04 + 0.00 0.00 0.14 0.15 0.18 0.19 0.29 0.31 0.23 0.23 0.05 0.05 0.06 0.06 0.30 0.30 0.24 0.28 + 0.00 5.00 unch 0.30 0.30 0.39 0.40 0.00 0.12 unch 0.00 0.09 unch 0.05 0.05 0.04 0.04 +

0.05 0.03 0.00 0.01 0.00 0.01 2.20 0.14 0.10 0.07 0.08 0.00 0.02 0.01 0.00 0.00 0.01 0.00 0.07 0.06 0.06 0.00 0.01 0.03 0.01 0.06 0.06 0.04 0.05 0.00 0.00 0.00 0.00 0.02 0.00 0.02 0.02 0.05 0.06 0.39 0.43 0.01 0.00 0.00 0.00 0.00 0.10 0.02 10.44 0.03 0.03 0.01 0.25 0.00 0.00 0.07 0.06 0.02 0.00 0.00 0.24 0.27 0.01 0.03 0.05 0.00 0.00 0.00 0.03 0.03 0.00 0.00 0.13 0.11 0.02 0.07 0.05 0.03 0.02 0.38 0.33 0.01 0.01 0.00 0.02 0.01 0.01 0.02 0.00 0.01 0.03 0.03 0.00 0.06 0.07 0.00 0.00 0.01 0.00

0.70 0.54 0.10 0.12 0.14 0.20 31.21 1.66 1.59 1.25 0.65 0.18 0.35 0.11 0.07 0.08 0.76 2.00 1.65 1.27 1.75 0.39 0.49 0.39 0.21 3.68 3.00 0.85 1.11 0.10 0.09 0.10 0.13 0.72 0.22 0.50 0.57 0.42 0.56 3.00 3.61 0.13 0.09 0.08 0.10 4.55 5.85 0.24 391.76 0.20 0.22 0.25 3.25 0.25 0.12 1.19 0.94 0.27 0.09 0.10 7.78 6.40 0.44 0.55 0.55 0.08 0.10 1.26 1.63 2.15 0.20 1.45 1.71 2.07 0.18 2.00 2.57 0.59 0.75 1.43 1.81 0.08 0.11 0.01 0.26 0.30 1.17 0.90 0.15 0.20 1.24 1.00

0.36 0.30 0.03 0.05 0.05 0.09 17.88 0.75 0.82 0.66 0.30 0.09 0.11 0.04 0.03 0.05 0.13 0.15 0.11 0.09 0.37 0.19 0.25 0.00 0.04 1.17 0.74 0.13 0.10 0.06 0.04 0.03 0.05 0.13 0.08 0.18 0.23 0.10 0.13 0.65 2.04 0.03 0.02 0.03 0.04 2.19 2.63 0.12 201.04 0.04 0.05 0.06 1.40 0.03 0.01 0.17 0.12 0.13 0.02 0.00 5.47 4.19 0.18 0.22 0.15 0.04 0.05 0.01 0.71 0.80 0.05 0.43 0.90 1.15 0.05 0.39 1.29 0.13 0.16 0.45 0.63 0.03 0.03 0.00 0.08 0.11 0.27 0.18 0.04 0.05 0.24 0.23

Kootenay Zinc* Kore Mining Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

O V O C O C O

13 534 69 258 295 2251 17

0.03 0.54 0.56 1.47 1.16 0.04 0.03

Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources* Lakewood Expl Lakewood Expl* Lara Expl Laramide Res Laredo Res* Largo Res* Largo Res Lasalle Explor* Lasalle Explor Latin Metals Laurion Mnl Ex Laurion Mnl Ex* Leading Edge Leading Edge* Leeta Gold Legion Metals Leo Res* Leocor Gold Leocor Gold* Lepanto Con Mg* Leviathan Gold Leviathan Gold* Libero Copper Libero Copper* Liberty Gold* Liberty One Li Liberty One Li* Lida Resources* Lincoln Mng Lion One Mtls Lion One Mtls* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithium South* Lithoquest Res* Lithoquest Res LKA Gold* Lode-Star Mg* Lomiko Mtls* Lomiko Mtls Loncor Res* Loncor Res Lone Star Gold* Los Andes* Los Andes Lovitt Res Lovitt Res* Lucara Diam Lucky Min* Lucky Min Luckystrike * Luckystrike Lumina Gold Lumina Gold* Luminex Res Lundin Gold Lundin Mng* Lundin Mng Lupaka Gold * Lupaka Gold Lydian Intl* Lynas Corp* Lynas Corp*

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

1032 1937 176 61 2576 6551 452 144 50 595 2364 719 396 71 384 22 848 88 248 267 10011 204 9 297 376 165 645 26 460 241 1257 132 7 69 157 229 439 4159 27456 765 490 1738 107 351 267 36 154 29 9 1213 1863 2 135 4 1 7 32 30 218 186 751 57 138 1326 167 204 575 488 10237 7 92 7815 1181 1132

1.03 1.28 0.21 38.90 49.37 0.46 0.77 0.62 0.73 0.48 0.01 14.96 18.77 0.12 0.17 0.17 0.56 0.43 0.28 0.21 4.04 0.21 0.04 0.73 0.58 0.00 0.23 0.16 0.42 0.33 0.91 0.46 0.34 0.46 0.20 1.13 0.91 22.82 18.16 0.38 0.31 0.39 0.12 0.15 0.39 0.10 0.12 0.06 0.09 0.10 0.12 0.54 0.70 1.19 5.79 7.40 0.24 0.19 0.72 0.08 0.10 0.51 0.64 0.78 0.62 0.66 11.75 9.12 11.22 0.04 0.06 0.04 5.67 5.61

Macarthur Min Macarthur Min* MacDonald Mns* MacDonald Mns Madoro Metals* Madoro Metals MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Mining Magna Terra* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold Major Precious Major Precious* Makara Mining Makara Mining* Makena Res* Mako Mining* Mako Mining Mammoth Res * Mammoth Res Mandalay Res Mandalay Res* Manganese X* Manganese X Mangazeya Mng Mangazeya Mng* Manitou Gold * Manitou Gold Manning Vent Mansa Explor Mantaro Silver* Mantaro Silver Maple Gold* Maple Gold Marathon Gold* Marathon Gold Margaret Lake Margaret Lake* Marifil Mines* Marifil Mines Marimaca Cop* Marimaca Cop Maritime Res MartinMarietta* Marvel Discov* Marvel Discov Mas Gold Mascota Res* Masivo Silver Masivo Silver* Mason Graphite Mason Graphite* Matachewan Con Matica Ent Matmown* Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent* MaxTech Vent Maxwell Res* Mayfair Gold* Mayfair Gold Mazarin McChip Res McEwen Mng* McEwen Mng McLaren Res MDN Inc* Mechel* Medallion Res* Medallion Res Medaro Mining Medaro Mining* Medgold Res* Medgold Res Medinah Mnrls* Mega Uranium* Mega Uranium MegaWatt Lith MegaWatt Lith* MegumaGold* MegumaGold Melkior Res Melkior Res* Merger Mines* Meridian Mg * Meridian Mg Meryllion Res Meryllion Res* MetalCorp Metalex Vent *

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

150 100 289 917 4 66 742 37 229 92 36 4 50 247 152 510 296 91 1038 220 161 528 920 25 102 124 60 1308 4883 169 5 51 540 212 985 97 598 1756 1931 449 1366 169 2 117 246 1 48 1313 1171 261 992 507 1 217 112 297 213 79 427 45 125 613 76 527 736 28 520 0 15 469 128 54 17388 798 189 18 1508 613 309 2691 784 964 1870 26138 844 2437 631 123 161 529 78 12 0 256 813 0 0 36 33

0.55 0.40 0.04 0.05 0.09 0.12 24.43 1.12 0.94 0.75 0.45 0.12 0.16 0.06 0.05 0.07 0.36 0.30 0.17 0.14 0.63 0.28 0.36 0.12 0.15 2.88 2.22 0.33 0.42 0.09 0.06 0.06 0.08 0.18 0.19 0.21 0.28 0.29 0.35 2.65 3.19 0.05 0.03 0.05 0.07 3.12 4.06 0.15 385.59 0.15 0.19 0.12 2.50 0.10 0.07 0.61 0.50 0.23 0.04 0.02 5.90 4.72 0.20 0.26 0.19 0.05 0.06 0.00 0.76 1.04 0.14 1.19 1.13 1.42 0.07 0.47 2.32 0.16 0.20 1.43 1.37 0.03 0.04 0.00 0.16 0.20 0.32 0.25 0.05 0.07 0.38 0.28 0.00 0.36 0.45 0.00 0.00 0.05 0.04

Change

High Low

L

M

0.67 0.79 0.20 0.12 0.11 0.10

0.14 0.11 0.05 0.00 0.03 0.02

22

WWW.NORTHERNMINER.COM

AUGUST 30–SEPTEMBER 12, 2021 / THE NORTHERN MINER

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

Exc Volume

Week Low

0.00 0.04 unch 0.36 0.39 0.28 0.30 0.17 0.17 0.22 0.23 0.02 0.02 0.38 0.38 0.09 0.09 0.24 0.49 + 2.25 2.27 0.00 2.07 unch 0.10 0.11 0.13 0.14 unch 0.19 0.19 0.00 0.29 0.00 0.06 0.06 0.06 unch 0.04 0.04 0.00 0.12 unch 0.64 0.68 0.34 0.38 0.19 0.20 0.25 0.26 + 2.42 2.57 3.00 3.29 0.35 0.37 0.02 0.02 + 0.05 0.05 0.06 0.06 0.08 0.08 unch 0.27 0.31 unch 0.21 0.24 unch 0.00 0.31 0.00 0.40 0.40 0.44 0.52 0.56 0.08 0.08 unch 0.06 0.06 0.20 0.24 + 0.12 0.14 0.15 0.18 + 0.00 36.55 0.00 0.00 unch 0.07 0.07 + 0.09 0.10 unch 0.00 0.03 0.04 0.25 + 0.00 0.00 0.19 0.19 0.05 0.05 + 0.34 0.36 0.07 0.07 0.49 0.49 0.11 0.11 0.00 0.13 0.04 0.05 0.05 0.06 0.60 0.64 0.78 0.82 0.31 0.32 0.24 0.26 0.00 0.16 unch 0.00 0.11 0.63 0.68 0.50 0.54 0.52 0.59 0.07 0.07 0.09 0.09 0.13 0.13 0.09 0.09 0.30 0.30 0.18 0.23 + 0.14 0.17 + 29.14 30.72 0.10 0.10 0.15 0.16 + 0.20 0.20 + 0.33 0.36 0.42 0.46 0.29 0.31 unch 0.14 0.15 0.18 0.20 + 0.05 0.05 0.07 0.07 + 0.22 0.22 unch 0.00 0.09 unch 0.07 0.07 +

Metalex Vent Metallic Mnrls Metallic Mnrls* Metallica Met* Metallica Met Metallica Min* Metallis Res Metallum Res Metalo Manuf Metalore Res Metalore Res* Metals Creek* Metals Creek Metals X* Metron Capital Mexican Gold* MGX Minerals MGX Minerals* Midasco Cap Midland Expl Midnight Star Midnight Sun* Midnight Sun Millennial Lit* Millennial Lit Millennial Pr Millennium Sil Millrock Res* Millrock Res Milner Con Slv Minaurum Gold Minaurum Gold* Minco Silver* Minco Silver Minera Alamos * Minera Alamos Minera IRL Minera IRL* Mineral Hill Mineral Mtn* Mineral Mtn Mineral Res* MineralRite* Mineworx Tech* Mineworx Tech Minfocus Expl* Minfocus Expl Mining Global* Minnova Corp Minsud Res Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Monarca Mnrls* Monarca Mnrls Monarch Min* Monarch Mining Moneta Porcpn Moneta Porcpn* Monitor Vent Monitor Vent* Montage Gold Montage Gold* Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Monumental Gld Morien Res Morien Res* Mosaic* Mosaic Min Mountain Boy* Mountain Boy Mountain Prov* Mountain Prov MPV Explor Mundoro Cap* Mundoro Cap Murchison Min* Murchison Min Musgrave Min* Musk Metals Musk Metals*

V 385 V 1021 O 1139 O 12 C 664 O 8 V 37 V 152 C 33 V 23 O 0 O 484 V 536 O 500 V 264 O 525 C 579 O 381 V 0 V 86 C 579 O 80 V 187 O 58 V 731 V 453 V 1263 O 214 V 542 V 376 V 736 O 1091 O 16 T 67 O 1300 V 1068 C 145 O 450 V 42 O 358 V 258 O 1 O 445673 O 286 V 621 O 0 V 83 O 702051 V 272 V 8 V 151 C 2595 V 85 O 19 V 94 O 977 V 1103 O 119 T 560 T 1805 O 764 V 0 O 1 V 1160 O 29 C 20 O 211 V 877 V 68 O 125 V 3 V 391 O 41 N 21192 C 333 O 62 V 85 O 24 T 252 C 142 O 15 V 171 O 4 V 283 O 80 C 134 O 21

0.05 0.49 0.41 0.20 0.26 0.03 0.41 0.10 0.49 2.60 0.00 0.12 0.15 0.21 0.30 0.08 0.06 0.05 0.00 0.70 0.42 0.24 0.31 2.70 3.41 0.43 0.03 0.06 0.07 0.08 0.34 0.27 0.34 0.43 0.49 0.58 0.08 0.06 0.24 0.14 0.18 40.97 0.00 0.08 0.10 0.00 0.25 0.00 0.22 0.05 0.40 0.08 0.52 0.12 0.14 0.05 0.07 0.70 0.91 0.37 0.29 0.00 0.11 0.72 0.57 0.68 0.10 0.11 0.14 0.10 0.30 0.23 0.18 33.07 0.10 0.17 0.22 0.38 0.50 0.32 0.15 0.20 0.06 0.08 0.22 0.10 0.08

NA Frac Sand* NACCO Ind* Namibia Crit Namibia Crit* Natural Res Pt* Nautilus Mnrls* Navis Res Corp* NEO Battery NEO Battery* Neo Lithium Neometals* Network Expl Network Expl* Nevada Canyon* Nevada Copper Nevada Expl * Nevada Expl Nevada King* Nevada King Nevada Silver Nevada Sunrise Nevada Sunrise* Nevada Zinc Nevado Res NevGold* NevGold New Age Metals New Age Metals* New Carolin Gd* New Carolin Gd New Destiny Mg New Egy Min* New Energy Met* New Energy Met New Found Gold New Gold New Gold* New Guinea Gld* New Jersey Mng* New Klondike* New Oroperu New Pac Metals New Pac Metals* New Placer New Placer* New Stratus New Target Mng New Tech Min* New Tech Min New World Res* Newcore Gold Newcore Gold* Newcrest Mg Newcrest Mg* Newlox Gold Newmont Corp Newmont Corp* Neworigin Gold* Neworigin Gold Newport Expl Newport Gold* NewRange Gold* NewRange Gold Nexa Resources Nexa Resources* Nexgen Energy Nexgen Energy* NextSource Mat Nexus Gold* Nexus Gold NGEx Minerals NGEx Minerals* Nickel 28 Nickel 28* Nickel Creek* Nickel Creek Nickel North Nickel Rock Nickel Rock* Nicola Mg Inc* Nicola Mg Inc Nighthawk Gold* Nighthawk Gold Niobay Metals Niocan Inc Niocorp Dev Niocorp Dev* Nippon Dragon Nippon Dragon*

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

0.01 27.94 0.28 0.22 21.70 0.01 2.46 0.78 0.60 4.75 0.64 0.61 0.46 0.32 0.15 0.16 0.20 0.45 0.44 0.30 0.07 0.06 0.10 0.14 0.37 0.50 0.10 0.08 0.06 0.08 0.06 0.02 0.07 0.09 10.85 1.56 1.24 0.00 0.32 0.00 1.75 4.55 3.65 0.12 0.09 0.30 0.18 0.06 0.07 2.34 0.60 0.47 23.75 18.71 0.43 74.70 59.27 0.11 0.15 0.49 0.03 0.13 0.17 10.20 7.76 5.02 4.03 2.80 0.04 0.05 0.65 0.00 1.10 0.84 0.08 0.09 0.04 0.11 0.08 0.09 0.11 0.75 0.95 0.60 0.12 1.36 1.13 0.03 0.02

Last

12-month

High

Change

Stock

0.00 0.06 0.05 0.01 0.02 0.01 0.06 0.01 0.32 0.33 0.00 0.01 0.00 0.01 0.01 0.02 0.00 0.00 0.00 0.01 0.03 0.03 0.01 0.13 0.15 0.05 0.01 0.01 0.01 0.00 0.00 0.00 0.02 0.02 0.01 0.01 0.00 0.00 0.03 0.01 0.01 8.05 0.00 0.00 0.00 0.12 0.05 0.00 0.02 0.01 0.04 0.01 0.02 0.01 0.01 0.00 0.01 0.06 0.06 0.04 0.03 0.00 0.00 0.05 0.08 0.09 0.02 0.01 0.01 0.01 0.04 0.05 0.02 2.84 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.00

0.13 1.12 0.89 0.45 0.57 0.04 0.57 0.20 0.30 3.50 2.62 0.20 0.21 0.27 0.59 0.13 0.12 0.10 0.15 1.10 0.71 0.40 0.42 4.16 5.25 0.74 0.04 0.19 0.25 0.20 0.80 0.60 0.55 0.68 0.63 0.78 0.25 0.17 0.30 0.27 0.33 44.65 0.00 0.08 0.18 25.00 0.48 0.00 0.50 0.10 0.69 0.41 0.59 0.12 0.15 0.20 0.30 0.90 1.31 0.48 0.38 0.43 0.37 1.27 0.85 6.80 0.86 0.95 0.21 0.16 0.65 0.25 0.21 38.23 0.19 0.48 0.62 0.64 0.82 1.35 0.27 0.35 0.09 0.11 0.45 0.26 0.18

0.03 0.36 0.28 0.09 0.12 0.01 0.23 0.08 0.08 2.20 1.79 0.03 0.05 0.05 0.18 0.06 0.05 0.04 0.07 0.64 0.12 0.00 0.18 0.84 1.20 0.35 0.01 0.05 0.06 0.07 0.24 0.20 0.30 0.39 0.38 0.48 0.08 0.06 0.13 0.12 0.15 18.30 0.00 0.04 0.05 0.03 0.20 0.00 0.19 0.04 0.34 0.07 0.09 0.06 0.09 0.04 0.05 0.59 0.59 0.12 0.09 0.10 0.09 0.63 0.50 0.21 0.06 0.08 0.07 0.00 0.28 0.13 0.10 16.01 0.05 0.13 0.16 0.25 0.34 0.29 0.11 0.15 0.03 0.06 0.22 0.06 0.00

0.00 0.28 0.01 0.02 1.51 0.00 0.23 0.17 0.12 0.26 0.03 0.01 0.01 0.48 0.07 0.01 0.01 0.03 0.03 0.04 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.01 0.00 0.00 0.01 0.00 0.02 0.00 1.63 0.15 0.14 0.00 0.02 0.00 0.10 0.76 0.69 0.02 0.02 0.02 0.04 0.00 0.00 0.29 0.01 0.04 0.75 1.34 0.04 1.39 2.49 0.00 0.01 0.02 0.00 0.03 0.05 1.59 1.03 0.30 0.35 0.14 0.01 0.01 0.00 0.00 0.05 0.05 0.01 0.01 0.01 0.01 0.00 0.02 0.01 0.12 0.13 0.09 0.01 0.03 0.00 0.00 0.00

0.03 30.71 0.43 0.40 22.61 0.04 5.00 1.31 1.21 4.76 0.66 2.05 1.62 1.32 0.32 0.17 0.22 1.50 0.84 0.53 0.31 0.25 0.18 0.19 0.37 0.55 0.24 0.19 0.09 0.10 0.11 0.10 0.17 0.12 13.50 3.05 2.40 0.01 0.60 0.00 3.59 9.02 5.84 0.72 0.66 0.62 0.28 0.10 0.15 4.07 0.92 0.70 31.25 24.50 0.61 90.94 75.31 0.29 0.40 0.60 0.08 0.17 0.22 14.92 12.58 6.08 5.04 5.30 0.12 0.12 0.97 0.71 1.14 2.00 0.24 0.33 0.10 1.18 0.93 0.20 0.25 1.32 1.76 1.19 0.28 2.08 1.65 0.08 0.05

0.00 17.95 0.18 0.14 10.36 0.00 1.05 0.08 0.00 0.56 0.05 0.21 0.16 0.11 0.06 0.09 0.12 0.24 0.32 0.22 0.05 0.04 0.05 0.10 0.21 0.20 0.06 0.04 0.03 0.04 0.04 0.00 0.01 0.04 1.45 1.31 1.02 0.00 0.22 0.00 1.62 3.85 3.00 0.10 0.07 0.06 0.17 0.02 0.05 1.04 0.51 0.43 22.40 17.81 0.10 68.76 54.18 0.09 0.12 0.34 0.00 0.08 0.10 6.78 5.13 2.12 1.58 0.30 0.03 0.04 0.42 0.29 0.23 0.17 0.05 0.08 0.02 0.06 0.05 0.07 0.09 0.68 0.86 0.50 0.12 0.69 0.53 0.02 0.01

Nobel29 Res Noble Metal Noble Mineral Noble Mineral* Noram Vent Noram Vent* Noranda Alum* Norilsk Nickel* Noront Res* Noront Res Norra Metals Norrland Gold Norse Gold Norseman Silv Norsemont Cap* Norsemont Cap Nortec Mnls* Nortec Mnls North Am Nickl North Am Nickl* North Arrow Mn* North Arrow Mn North Bay Res * North Peak Res* North Peak Res Northcliff Res Northern Light Northern Light* Northern Uran Northisle C&G Northisle C&G * Northstar Gold Northstar Gold* Northwest Cop* Northwest Cop Norvista Cap NorZinc NorZinc* Nouveau Monde Nouveau Monde* NovaGold Res NovaGold Res* Novo Res NovX21* NQ Minerals Pl* Nrthn Graphite* Nrthn Graphite Nrthn Lion Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* Nrthn Vertex* Nrthn Vertex NSGold NSJ Gold NSS Res Inc Nthn Dynasty Nthn Dynasty* Nthrn Sphere* Nubian Res Nuinsco Res* Nuinsco Res NuLegacy Gold* NuLegacy Gold Nutrien* Nutrien NV Gold* NV Gold O.T. Mining* O2Gold O3 Mining OceanaGold OceanaGold* Oceanic Iron O Oceanic Iron O* Oceanus Res Oceanus Res* Odyssey Res Olivut Res* Olivut Res Omai Gold Omineca Mining Omineca Mining* One World Lith One World Lith* Opawica Expl Opawica Expl* Ophir Gold Ophir Gold* Optimum Vent* Optimum Vent Optimus Gold Opus One Gold Orbite Tech* Orca Gold Orca Gold* Orea Mining* Orea Mining Orefinders Res Orestone Mng Orex Mnrls* Orex Mnrls Orezone Gold Orezone Gold* Orford Mining Origen Res* Origen Res Original Sixtn* Orla Mining Oroco Res* Oroco Res Orocobre Orosur Mng Orsu Metals Orsu Metals* Orvana Mnrls Orvana Mnrls* Osino Res* Osino Res Osisko Dev* Osisko Gold* Osisko Gold Osisko Metals* Osisko Metals Osisko Mng Inc Otso Gold* Otso Gold Outback Gold* Outback Gold Outcrop S&G* Outcrop S&G OZ Minerals*

P2 Gold* P2 Gold Pac Arc Res Pac Bay Mnrls Pac Booker Min* Pac Booker Min Pac Imperial Pac Ridge Expl Pac Ridge Expl* Pac Wildcat* Pacific Empire* Pacific Empire Pacific Silk Pacton Gold Paladin Energy* Palamina Corp Palamina Corp* Palayan Res* Paleo Resource* Palladium One Palladium One* Pampa Metals* Pampa Metals Pan Am Silver Pan Am Silver* Pan Global Res* Pan Global Res Pancontinental* Pancontinental Panex Res* Pangolin Dia Panoro Mnrls Panoro Mnrls* Pantera Silver PanTerra Gold* Pantheon Vent Para Resources Paramount Gold* Paringa Res* Parlane Res Pasinex Res Pasofino Gold* Pasofino Gold

N-O 19257 20 208 309 224 657 72 1652 243 2660 103 739 48 1 43843 630 954 466 272 376 374 324 680 100 10 246 883 578 148 644 586 72 44 15 2263 7758 38269 164 1164 1 18 332 780 1224 288 258 40 3 47 22 821 19 2 8 1697 852 26566 21 56 943 2496 211 841 33 613 6485 5792 290 184 2885 69 14 580 141 1105 783 21 445 562 871 2726 76 377 98 50 377 951 471 150

0.01 26.33 0.25 0.19 20.00 0.00 1.51 0.59 0.46 4.01 0.55 0.53 0.42 0.00 0.09 0.13 0.16 0.26 0.37 0.24 0.06 0.05 0.09 0.14 0.36 0.40 0.09 0.06 0.06 0.07 0.05 0.02 0.00 0.09 8.45 1.30 1.01 0.00 0.28 0.00 1.62 3.78 2.94 0.10 0.07 0.25 0.00 0.00 0.06 0.00 0.51 0.43 0.00 17.65 0.37 71.92 56.15 0.11 0.14 0.45 0.01 0.10 0.12 8.61 6.66 4.51 3.52 2.31 0.03 0.04 0.60 0.00 0.96 0.75 0.06 0.08 0.00 0.09 0.07 0.07 0.09 0.64 0.82 0.50 0.00 1.26 1.01 0.02 0.02

0.01 27.34 0.25 0.19 20.00 0.00 1.67 0.78 0.60 4.44 0.58 0.61 0.46 0.32 0.10 0.15 0.19 0.29 0.37 0.25 0.07 0.05 0.09 0.14 0.36 0.45 0.09 0.07 0.06 0.07 0.05 0.02 0.07 0.09 8.53 1.38 1.07 0.00 0.32 0.00 1.67 3.80 2.96 0.10 0.07 0.28 0.18 0.06 0.07 1.94 0.59 0.44 23.00 17.65 0.40 72.24 56.35 0.11 0.14 0.46 0.02 0.10 0.13 8.61 6.71 4.77 3.72 2.58 0.03 0.04 0.60 0.48 1.00 0.79 0.06 0.08 0.04 0.09 0.08 0.08 0.10 0.64 0.82 0.51 0.12 1.31 1.03 0.03 0.02

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

(100s)

High Low

Exc Volume

(100s) Stock

Week

12-month

High

Low

Last

Change

High Low

V 518 V 436 V 1312 O 50 V 219 O 81 O 166 O 232 O 326 V 4554 V 362 V 27 V 275 V 204 O 203 C 302 O 75 V 861 V 113 O 16 O 27 V 165 O 897538 O 53 V 16 T 308 C 1572 O 469 V 224 V 263 O 196 C 285 O 19 O 68 V 795 V 277 T 1087 O 465 V 209 N 418 T 532 X 3020 T 1174 O 122 O 6 O 203 V 229 V 22 O 26 V 374 V 232 O 124 O 667 V 1229 V 21 C 91 C 80 T 1043 X 17536 O 8 V 113 O 65 C 2635 O 1731 V 1974 N 11286 T 3707 O 44 V 87 O 4 V 2363 V 170 T 2499 O 2 V 25 O 1 V 557 O 514 V 4 O 5 V 280 V 160 V 519 O 270 C 1603 O 528 V 212 O 39 V 603 O 138 O 13 V 50 V 0 V 336 O 207 V 640 O 401 O 2345 T 1548 V 1845 V 325 O 152 V 423 V 984 O 420 V 323 O 60 C 641 O 11 T 1134 O 425 V 301 T 347 T 73 V 436 O 415 T 235 O 111 O 180 V 243 O 47 N 2771 T 2123 O 25 V 452 T 2151 O 135 V 377 O 24 C 373 O 218 V 347 O 2

0.57 0.02 0.13 0.09 0.55 0.45 0.04 33.79 0.49 0.64 0.07 0.26 0.06 0.39 0.43 0.54 0.02 0.02 0.24 0.20 0.07 0.09 0.00 0.41 0.51 0.05 0.04 0.04 0.02 0.24 0.18 0.24 0.20 0.52 0.70 0.09 0.06 0.05 8.65 6.89 9.33 7.41 2.02 0.00 0.04 0.34 0.43 0.38 0.27 0.06 1.06 0.85 0.25 0.30 0.28 0.17 0.10 0.50 0.41 0.00 0.36 0.02 0.03 0.10 0.12 63.02 79.16 0.15 0.18 0.10 0.25 2.11 2.32 1.73 0.17 0.14 0.54 0.43 0.00 0.05 0.07 0.14 0.28 0.22 0.08 0.06 0.42 0.32 0.19 0.15 0.43 0.54 0.00 0.06 0.00 0.54 0.42 0.11 0.14 0.06 0.07 0.08 0.11 1.29 1.03 0.22 0.25 0.36 0.13 4.83 2.29 2.86 8.64 0.31 0.25 0.19 0.43 0.33 0.89 1.12 4.69 12.48 15.69 0.33 0.42 2.96 0.08 0.09 0.26 0.33 0.19 0.24 16.24

0.44 0.00 0.10 0.08 0.51 0.40 0.02 31.51 0.44 0.56 0.06 0.21 0.05 0.34 0.39 0.50 0.02 0.02 0.23 0.00 0.06 0.08 0.00 0.37 0.00 0.05 0.03 0.03 0.02 0.22 0.16 0.22 0.00 0.46 0.57 0.09 0.05 0.04 7.51 5.83 8.66 6.71 1.87 0.00 0.00 0.29 0.34 0.00 0.00 0.05 0.95 0.74 0.22 0.28 0.23 0.15 0.09 0.47 0.37 0.00 0.33 0.02 0.02 0.08 0.10 57.45 73.57 0.13 0.17 0.06 0.21 2.04 2.15 1.68 0.16 0.12 0.47 0.36 0.00 0.04 0.00 0.13 0.00 0.18 0.06 0.05 0.34 0.25 0.15 0.11 0.43 0.53 0.00 0.00 0.00 0.49 0.38 0.09 0.12 0.06 0.06 0.07 0.10 1.15 0.90 0.18 0.25 0.27 0.00 4.28 1.90 2.52 7.72 0.00 0.21 0.00 0.37 0.30 0.82 1.05 4.00 11.53 14.88 0.00 0.38 2.67 0.06 0.08 0.23 0.29 0.16 0.21 0.00

0.44 0.02 unch 0.11 0.09 0.53 unch 0.45 + 0.02 31.67 0.46 + 0.59 + 0.06 0.25 + 0.05 unch 0.34 0.39 0.52 unch 0.02 unch 0.02 unch 0.24 0.18 0.06 0.08 0.00 0.41 0.48 0.05 unch 0.03 0.03 0.02 unch 0.22 0.17 0.23 0.18 0.48 0.62 0.09 unch 0.05 0.04 7.58 5.94 8.81 6.89 1.91 0.00 unch 0.00 0.33 + 0.42 + 0.38 0.20 0.05 unch 1.03 + 0.80 + 0.22 0.29 0.23 0.15 0.09 0.50 0.39 0.00 unch 0.34 0.02 0.02 0.08 0.11 59.33 76.10 0.14 0.17 0.10 unch 0.24 2.05 2.21 1.73 + 0.16 0.12 0.50 0.39 + 0.04 unch 0.04 + 0.05 0.14 + 0.24 + 0.19 + 0.07 0.05 0.35 0.29 0.16 0.12 0.43 unch 0.53 unch 0.23 unch 0.06 unch 0.00 0.53 + 0.42 0.11 + 0.14 + 0.06 0.06 unch 0.08 0.10 unch 1.17 0.91 0.21 0.25 unch 0.28 0.13 4.32 2.03 2.58 7.86 0.28 0.21 0.16 0.38 0.30 0.83 1.06 4.03 11.66 14.98 0.31 0.40 2.71 0.07 0.09 + 0.23 0.31 0.17 0.22 16.21 -

0.11 0.00 0.02 0.01 0.00 0.02 0.02 1.61 0.01 0.02 0.01 0.04 0.00 0.04 0.03 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.03 0.02 0.00 0.01 0.00 0.00 0.01 0.01 0.02 0.02 0.05 0.06 0.00 0.01 0.00 1.00 0.94 0.45 0.51 0.09 0.00 0.04 0.01 0.03 0.02 0.04 0.00 0.07 0.03 0.02 0.02 0.05 0.03 0.01 0.01 0.01 0.00 0.02 0.00 0.01 0.01 0.01 4.28 3.53 0.01 0.02 0.00 0.01 0.05 0.09 0.05 0.01 0.02 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.05 0.04 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.02 0.01 0.00 0.00 0.00 0.11 0.13 0.02 0.00 0.03 0.07 0.37 0.22 0.25 0.84 0.02 0.02 0.06 0.06 0.04 0.06 0.06 0.49 0.81 0.63 0.00 0.01 0.25 0.00 0.01 0.03 0.03 0.02 0.03 0.03

0.77 0.03 0.21 0.17 1.25 0.99 0.15 38.21 0.50 0.64 0.21 0.39 0.17 0.76 1.98 2.62 0.12 0.05 0.39 0.33 0.10 0.15 0.00 0.83 1.03 0.10 0.11 0.07 0.04 0.42 0.40 0.45 0.36 0.91 1.06 0.23 0.11 0.08 27.40 17.24 16.16 12.10 3.90 0.04 0.13 0.55 0.70 0.69 0.35 0.18 1.55 1.26 0.57 0.72 0.69 0.37 0.46 2.12 1.64 0.05 0.64 0.05 0.05 0.19 0.24 65.93 80.82 0.34 0.42 0.17 0.38 3.68 3.50 2.40 0.32 0.25 0.79 0.67 0.07 0.11 0.11 0.30 0.59 0.49 0.16 0.13 0.65 0.54 0.31 0.24 0.43 0.60 0.35 0.12 0.03 0.93 0.75 0.19 0.21 0.26 0.16 0.24 0.31 1.70 1.39 0.24 0.25 0.55 0.25 7.30 3.02 3.66 9.17 0.70 0.44 0.31 0.54 0.39 1.40 1.65 10.10 15.12 18.40 0.42 0.52 4.45 0.09 0.10 1.22 1.55 0.40 0.69 21.04

0.31 0.01 0.07 0.05 0.12 0.09 0.01 23.23 0.11 0.15 0.05 0.21 0.05 0.18 0.39 0.47 0.01 0.02 0.08 0.06 0.03 0.05 0.00 0.36 0.48 0.03 0.03 0.03 0.01 0.10 0.00 0.21 0.17 0.40 0.51 0.09 0.05 0.04 1.80 5.83 8.66 6.74 1.87 0.00 0.00 0.14 0.18 0.30 0.03 0.03 0.46 0.36 0.20 0.28 0.19 0.15 0.03 0.39 0.31 0.00 0.29 0.00 0.01 0.08 0.11 36.56 47.72 0.13 0.17 0.02 0.18 2.05 1.58 0.00 0.15 0.11 0.35 0.28 0.04 0.03 0.05 0.13 0.15 0.12 0.06 0.05 0.12 0.09 0.14 0.11 0.28 0.33 0.12 0.03 0.00 0.45 0.35 0.06 0.08 0.06 0.05 0.07 0.10 0.81 0.61 0.13 0.22 0.12 0.06 3.84 0.52 0.68 2.28 0.07 0.20 0.02 0.22 0.18 0.81 1.01 4.00 9.77 12.39 0.27 0.35 2.67 0.03 0.04 0.24 0.25 0.15 0.20 9.67

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

0.38 0.55 0.14 0.14 1.90 2.55 0.04 0.20 0.16 0.00 0.03 0.05 0.00 0.60 0.36 0.32 0.24 0.04 0.03 0.22 0.18 0.28 0.36 33.31 26.51 0.51 0.63 0.12 0.16 0.00 0.03 0.13 0.10 0.16 0.05 0.18 0.31 0.86 0.03 0.20 0.03 0.88 1.10

0.36 0.36 0.00 0.53 + 0.14 0.14 0.12 0.12 1.90 1.90 + 2.12 2.30 + 0.04 0.04 unch 0.15 0.18 0.12 0.13 0.00 0.00 + 0.03 0.03 unch 0.05 0.05 unch 0.00 0.03 unch 0.51 0.56 unch 0.30 0.31 0.00 0.30 0.24 0.24 + 0.03 0.04 0.01 0.01 + 0.19 0.21 0.15 0.15 0.24 0.25 0.30 0.31 30.53 30.66 23.72 23.93 0.44 0.44 0.56 0.60 0.11 0.11 0.14 0.16 unch 0.00 0.00 unch 0.02 0.02 unch 0.11 0.11 0.00 0.09 0.00 0.12 0.00 0.05 unch 0.15 0.15 0.29 0.30 unch 0.76 0.83 0.03 0.03 unch 0.17 0.18 0.03 0.03 unch 0.00 0.79 1.00 1.02 -

0.02 0.12 0.01 0.03 0.06 0.13 0.00 0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.04 0.01 0.01 0.00 0.00 0.01 0.03 0.03 0.04 2.53 2.58 0.10 0.03 0.01 0.00 0.00 0.00 0.03 0.01 0.04 0.00 0.02 0.00 0.01 0.00 0.01 0.00 0.09 0.07

0.50 0.74 0.26 0.19 3.10 3.75 0.08 0.33 0.30 0.01 0.14 0.19 0.06 1.81 0.47 0.37 0.36 1.65 0.10 0.40 0.49 1.07 0.72 50.70 39.62 0.68 0.84 0.20 0.20 0.01 0.05 0.23 0.18 0.29 0.07 1.02 0.72 1.59 0.03 0.84 0.09 4.22 5.74

0.23 0.30 0.14 0.09 1.04 1.33 0.02 0.05 0.04 0.00 0.03 0.05 0.02 0.51 0.08 0.16 0.13 0.03 0.00 0.09 0.06 0.24 0.30 30.68 23.93 0.00 0.29 0.06 0.08 0.00 0.02 0.09 0.05 0.12 0.01 0.05 0.25 0.76 0.00 0.06 0.01 0.14 1.00

P-Q 28 346 50 143 13 47 184 65 120 65 5 174 0 338 3988 60 10 550 407 1508 540 27 532 2298 9963 101 570 88 251 8 690 425 22 259 4 1602 57 712 50 2565 378 52 211

Exc Volume

Week Low

0.10 0.10 0.08 0.08 11.35 12.65 0.05 0.05 unch 0.04 0.04 + 0.00 0.09 0.11 0.12 0.00 0.07 0.10 0.10 0.27 0.27 6.56 6.73 + 5.18 5.26 unch 1.29 1.32 0.00 0.06 + 0.03 0.04 0.09 0.09 0.10 0.12 unch 0.00 0.03 unch 0.07 0.07 unch 0.08 0.08 unch 0.47 0.50 0.37 0.40 0.85 0.85 0.33 0.36 + 0.27 0.34 + 0.31 0.31 + 0.37 0.38 0.13 0.19 0.00 103.76 + 0.19 0.20 + 0.04 0.04 unch 0.04 0.04 0.04 0.04 3.20 3.32 2.47 2.58 0.03 0.03 unch 0.14 0.14 0.00 0.11 0.14 0.15 3.02 3.05 3.85 3.92 0.00 0.00 unch 0.09 0.09 0.07 0.07 0.05 0.06 + 0.06 0.06 0.16 0.17 0.21 0.23 0.01 0.01 unch 0.06 0.07 + 0.08 0.09 + 9.39 9.51 12.02 12.20 0.09 0.09 2.45 2.55 3.04 3.26 0.08 0.08 unch 0.28 0.32 + 0.07 0.08 unch 1.44 1.45 1.84 1.86 0.32 0.32 0.30 0.32 + 0.00 4.60 0.21 0.21 0.00 0.48 unch 1.25 1.36 0.12 0.13 0.07 0.07 0.05 0.05 0.00 0.18 0.14 0.14 0.01 0.02 + 0.32 0.33 0.41 0.45 0.01 0.01 0.91 1.11 + 1.22 1.45 + 0.83 0.84 1.07 1.08 0.09 0.09 0.00 0.11 0.00 0.17 + 0.15 0.15 0.11 0.12 0.00 0.20 + 0.24 0.24 0.13 0.13 unch 0.09 0.09 unch 0.19 0.21 0.25 0.26 0.07 0.07 0.05 0.05 2.31 2.36 0.31 0.33 + 0.00 0.26 + 0.07 0.09 0.05 0.07 0.21 0.26 0.09 0.11 + 0.01 0.01 0.70 0.70 -

Patriot Gold C Patriot Gold* O Peabody Enrgy* N Pegasus Res V Pegasus Res* O Pelangio Expl* O Pelangio Expl V Peloton Mnrls* O Peloton Mnrls C PepinNini Lith* O Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal* O Peruvian Metal V Petra Diamonds* O Petrolympic* O Petrolympic V Phenom Res V Phenom Res* O Phoenix Global* O Phoenix Gold V Phoenix Metals V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PNG Copper C PolyMet Mng* X PolyMet Mng T Portex Mnrls* O Portofino Res V Portofino Res* O Power Group* O Power Group V Power Metals* O Power Metals V PPX Mining* O Precipitate Gl* O Precipitate Gl V Pretium Res* N Pretium Res T Prime Meridian V Prime Mining* O Prime Mining V Prism Res V Prismo Metals C ProAm Expl V Probe Metals* O Probe Metals V Prog Planet V Project One C Promithian Gl * O Prophecy Pot C Prospect Ridge C Prosper Gold V Provenance Gld C Providence V Providence Gld* O Pucara Gold V Pucara Gold* O PUF Vent Inc * O Puma Expl* O Puma Expl V Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Copper V QC Copper* O QC Precious * O QC Precious V QcX Gold V QcX Gold* O QMC Quantum Ml* O QMC Quantum Ml V Quadro Res V Quadro Res* O Quantum Batt C Quartz Mtn Res V Quartz Mtn Res* O Quaterra Res V Quaterra Res* O Quebec Nickel C Quebec Silica C Quest Rare Mnl* O Questex Gold V

98 247 32885 141 100 2 77 18 145 1 221 1644 71 415 196 705 467 200 55 56 278 477 4 318 287 42 725 66 2 73 45 7 438 275 2395 465 121 54 246 437 12 1 675 311 232 423 284 78 30 405 1289 7057 1942 255 37 1020 31 156 7 203 202 195 355 11 131 0 293 671 193 401 27 7 3123 21 703 52 411 231 1431 1861 908 2 10 1104 727 5 140 141 1 272 366 497 115 93 110 0 562 1077 613 78 142 65

0.13 0.10 14.31 0.05 0.04 0.09 0.13 0.08 0.11 0.27 6.88 5.44 1.38 0.06 0.04 0.10 0.13 0.00 0.07 0.08 0.67 0.51 1.00 0.41 0.36 0.32 0.41 0.22 104.74 0.20 0.04 0.04 0.05 3.66 2.92 0.03 0.17 0.13 0.16 3.22 4.05 0.00 0.11 0.08 0.06 0.07 0.21 0.25 0.01 0.09 0.12 10.12 12.76 0.13 2.87 3.63 0.08 0.32 0.08 1.53 1.93 0.37 0.34 4.60 0.24 0.00 1.70 0.14 0.08 0.06 0.18 0.15 0.02 0.35 0.46 0.02 1.16 1.49 1.01 1.22 0.10 0.11 0.17 0.18 0.14 0.20 0.25 0.16 0.09 0.22 0.27 0.08 0.06 2.79 0.33 0.26 0.09 0.07 0.27 0.11 0.01 0.79

Radisson Mng Radius Gold Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl Rambler Metals* Rare Element* Rathdowney Res Ready Set Gold Ready Set Gold* Recharge Res* Recharge Res Red Eagle Mng* Red Moon Res Red Pine Expl Regulus Res Renforth Res* Renforth Res Resolve Vent Resource Cap* Reunion Gold* Reunion Gold Revival Gold * Revival Gold Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold* Riley Gold Rio Silver Rio Silver* Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited Rio2 Limited* Rise Gold Corp* Rise Gold Corp Riverside Res Riverside Res* RJK Explor* RJK Explor Robex Res Rochester Res* Rochester Res Rock Tech Lith* Rock Tech Lith Rockcliff Met* Rockcliff Met Rockex Mng Rockhaven Re* Rockhaven Res Rockland Res Rockridge Res Rockwealth Res Rockwealth Res* Rogue Res* Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RosCan Gold* RosCan Gold Roughrider Exp Rover Metals Rover Metals* Royal Fox Gold Royal Fox Gold* Royal Gold* Royal Mines &M* Royal Rd Mnrls Royal Std Mnrl* RT Minerals

921 148 65 142 139 113 0 729 566 757 10 197 5930 61 514 527 336 17 539 558 0 55 232 220 139 629 544 357 102 287 120 887 685 26 43 205 149 4 17714 0 1217 1714 122 49 153 124 33 65 88 100 137 16 173 11 392 95 179 599 383 306 1 0 1 115 1555 135 456 667 40 1120 2795 482 1190 39 1259 11 1562 492 129 0 389

0.30 0.24 0.08 0.28 3.80 0.14 0.00 1.37 0.04 0.19 0.15 0.12 0.17 0.00 0.81 0.47 0.82 0.07 0.09 0.05 0.00 0.07 0.08 0.57 0.72 0.16 0.65 0.79 1.14 0.04 0.50 0.06 0.07 0.34 0.43 0.06 0.04 77.60 78.32 83.87 0.65 0.53 0.49 0.64 0.18 0.14 0.13 0.17 0.41 0.05 0.07 4.55 5.62 0.06 0.08 0.03 0.08 0.12 0.19 0.11 0.00 0.00 0.07 0.09 0.87 0.39 0.49 0.04 0.03 0.26 0.32 0.12 0.09 0.06 0.06 0.04 116.36 0.01 0.28 0.00 0.06

Last

12-month

High

Change

Stock

0.01 0.01 0.79 0.00 0.01 0.00 0.01 0.02 0.01 0.00 0.18 0.00 0.04 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.16 0.10 0.15 0.01 0.05 0.01 0.01 0.02 11.76 0.02 0.00 0.01 0.01 0.36 0.36 0.00 0.04 0.01 0.01 0.18 0.16 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.01 0.34 0.16 0.01 0.39 0.36 0.00 0.04 0.00 0.08 0.03 0.04 0.09 0.09 0.02 0.00 0.14 0.01 0.01 0.01 0.01 0.01 0.00 0.05 0.02 0.00 0.07 0.15 0.16 0.17 0.01 0.02 0.03 0.03 0.02 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.02 0.44 0.02 0.03 0.01 0.00 0.02 0.02 0.00 0.10

0.50 0.23 14.31 0.09 0.06 0.20 0.27 0.12 0.15 0.42 19.80 9.45 1.56 0.09 0.10 0.14 0.17 0.03 0.12 0.15 0.85 1.10 1.29 0.55 0.55 0.36 0.45 0.42 123.00 0.25 0.06 0.06 0.09 8.00 6.27 0.05 0.30 0.23 0.26 6.38 8.30 0.03 0.23 0.23 0.10 0.16 0.38 0.47 0.50 0.26 0.34 14.55 19.13 0.17 3.64 4.58 0.14 0.88 0.15 1.58 2.03 0.50 0.54 13.50 0.52 0.55 2.40 0.17 0.20 0.16 1.50 0.85 0.08 0.38 0.48 0.03 2.07 2.63 2.42 3.08 0.20 0.39 0.65 0.35 4.12 0.27 0.33 0.45 0.30 0.47 0.60 0.33 0.25 5.85 0.33 0.26 0.30 0.25 0.37 0.27 0.06 1.37

0.09 0.03 0.80 0.03 0.02 0.09 0.11 0.06 0.08 0.00 6.45 5.13 0.99 0.04 0.00 0.02 0.04 0.01 0.02 0.03 0.34 0.25 0.40 0.11 0.25 0.14 0.16 0.13 88.00 0.10 0.03 0.04 0.04 2.26 1.70 0.03 0.10 0.00 0.10 2.65 3.28 0.00 0.09 0.05 0.03 0.04 0.13 0.17 0.00 0.06 0.08 8.29 10.40 0.06 1.01 1.32 0.04 0.19 0.07 0.95 1.26 0.05 0.18 2.50 0.10 0.20 0.50 0.07 0.07 0.00 0.17 0.00 0.01 0.10 0.13 0.01 0.06 0.54 0.84 1.06 0.04 0.11 0.13 0.07 0.12 0.15 0.20 0.11 0.09 0.07 0.12 0.07 0.05 0.55 0.12 0.10 0.06 0.04 0.10 0.05 0.00 0.47

RT Minerals* Rugby Mng Running Fox Rs* Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

O V O V V O V O

0.06 0.02 0.00 0.03 0.97 0.00 0.00 0.14 0.00 0.01 0.01 0.04 0.06 0.00 0.04 0.04 0.02 0.01 0.00 0.01 0.00 0.00 0.01 0.08 0.05 0.02 0.09 0.10 0.15 0.01 0.02 0.01 0.02 0.02 0.04 0.01 0.00 7.15 6.92 7.08 0.02 0.05 0.08 0.00 0.01 0.01 0.12 0.01 0.01 0.00 0.01 0.51 0.51 0.01 0.01 0.02 0.01 0.01 0.04 0.00 0.00 0.00 0.00 0.00 0.06 0.01 0.02 0.00 0.00 0.03 0.04 0.01 0.01 0.01 0.01 0.01 7.42 0.01 0.02 0.00 0.01

0.40 0.36 0.12 0.40 14.50 0.18 2.00 4.13 0.12 0.49 0.15 0.13 0.19 0.01 1.42 0.95 1.74 0.11 0.12 0.13 0.00 0.10 0.13 0.91 1.20 0.25 1.35 1.74 1.70 0.07 0.77 0.18 0.23 0.61 0.74 0.11 0.09 94.42 95.97 108.00 1.03 0.85 0.83 1.02 0.54 0.40 0.26 0.36 0.56 0.13 0.15 7.00 9.00 0.10 0.14 0.09 0.17 0.22 0.29 0.23 0.20 0.29 0.10 0.16 1.93 0.60 0.76 0.07 0.05 0.80 0.64 0.33 0.13 0.12 0.12 0.07 140.60 0.06 0.42 1.00 0.29

0.23 0.21 0.05 0.15 0.51 0.08 0.00 0.47 0.03 0.15 0.15 0.03 0.04 0.00 0.06 0.30 0.70 0.01 0.05 0.05 0.00 0.04 0.06 0.46 0.60 0.14 0.54 0.69 0.15 0.04 0.29 0.04 0.06 0.29 0.23 0.05 0.03 55.15 55.39 63.85 0.57 0.44 0.38 0.49 0.15 0.12 0.01 0.15 0.30 0.04 0.05 0.49 0.55 0.04 0.06 0.02 0.02 0.10 0.11 0.10 0.02 0.04 0.06 0.07 0.11 0.17 0.23 0.04 0.02 0.11 0.28 0.11 0.06 0.04 0.05 0.01 99.32 0.00 0.25 0.06 0.06

S2 Minerals Sabina Gd&Slvr* Sabina Gd&Slvr Sable Res Sable Res* Sage Gold* Sailfish Rylty Saint Jean Saint Jean* Salazar Res* Salazar Res Salt Lake Pot* Sama Res Sama Res* San Gold Corp* San Lorenzo* San Lorenzo Sanatana Res Sanatana Res* Sandfire Res* Sandfire Res Sandstorm Gold* Sandstorm Gold Santacruz Silv Sarama Res Sarissa Res* Sassy Res Sassy Res* Satori Res* Satori Res Saturn Mnrls Savannah Min Saville Res Scandium Intl* Scandium Intl Scorpio Gold Scorpio Gold * Scotch Creek Scotch Creek* Scottie Res* Scottie Res ScoZinc Mg* ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold* Seahawk Gold Search Mnls Search Mnls* Searchlight* SearchlightMin* SearchlightRes Secova Mtls* Sego Res Select Sands Sentinel Res* Sentinel Res Serabi Gold Serabi Gold* Sherritt Intl Shine Minerals Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res* Sienna Res Sierra Grande Sierra Grande* Sierra Madre G* Sierra Madre G Sierra Metals Sierra Metals* Sigma Lithium Signature Res* Signature Res Silver Bear Rs* Silver Bear Rs Silver Bull Re* Silver Bull Re Silver Dollar Silver Dollar* Silver Eleph* Silver Eleph Silver Fields* Silver Grail Silver One Silver One* Silver Phoenix Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Spruce* Silver Spruce Silver Valley Silver Valley* Silver Viper Silver Viper* Silver Wolf Silver Wolf* Silver X* Silver X Silvercorp Met* Silvercorp Met SilverCrest* SilverCrest Silverore Mns* Silverton Met Sirios Res* Sirios Res Sitka Gold Sitka Gold* Sixty North Sixty North* Skeena Res* Skeena Res SKRR Explor Sky Gold Sky Gold* Skyharbour Res Skyharbour Res* Slam Explor* Slam Explor Slave Lake Zn Slave Lake Zn* Snowline Gold Snowy Owl Sokoman Min Sokoman Min* Solaris Res SolGold plc* SolGold plc Solitario Ex&R Solitario Ex&R* Solstice Gold Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic* South Atlantic South Star Bat South Star Bat* South32* Southern Copp* Southern Emp* Southern Emp Southern Silvr Southern Silvr* SouthGobi Res Southstone Min* Southstone Min Spanish Mtn Gd Spanish Mtn Gd* Sparton Res Sparton Res* SPC Nickel SPC Nickel* Spearmint Res Spearmint Res* Spey Resources Sphinx Res Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St-Georges Eco St-Georges Eco* St. James Gold* St. James Gold Stakeholdr Gld Stallion Gold Standard Graph*

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

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

0.25 0.20 0.08 0.26 0.00 0.14 0.00 1.15 0.03 0.18 0.14 0.07 0.08 0.00 0.66 0.40 0.75 0.06 0.08 0.05 0.00 0.06 0.07 0.50 0.64 0.14 0.53 0.69 0.00 0.04 0.48 0.04 0.06 0.29 0.35 0.05 0.03 0.00 71.57 0.00 0.57 0.44 0.40 0.50 0.16 0.12 0.01 0.16 0.00 0.05 0.07 3.92 5.00 0.00 0.07 0.03 0.00 0.10 0.16 0.10 0.00 0.00 0.07 0.00 0.67 0.36 0.46 0.04 0.00 0.11 0.28 0.11 0.07 0.06 0.05 0.03 108.35 0.00 0.25 0.00 0.06

0.30 0.21 0.08 0.26 3.77 0.14 0.30 1.22 0.04 0.19 0.14 0.07 0.08 0.00 0.67 0.43 0.77 0.07 0.08 0.05 0.00 0.06 0.07 0.51 0.66 0.14 0.54 0.69 1.00 0.04 0.49 0.04 0.06 0.31 0.41 0.05 0.04 70.97 72.52 80.06 0.60 0.46 0.41 0.60 0.16 0.12 0.01 0.16 0.39 0.05 0.07 3.98 5.09 0.06 0.07 0.03 0.08 0.11 0.16 0.10 0.16 0.09 0.07 0.09 0.69 0.37 0.47 0.04 0.03 0.22 0.29 0.12 0.08 0.06 0.06 0.03 108.66 0.01 0.26 0.07 0.06

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

(100s)

High Low

Exc Volume

Week Last

12-month

High

Low

Change

High Low

20 252 31 71 91 16 121 4

0.05 0.13 0.03 0.04 5.85 4.56 0.05 0.04

0.05 0.13 0.03 0.04 5.36 4.23 0.05 0.04

+ 0.05 0.13 unch 0.03 0.04 unch 5.42 4.24 0.05 unch 0.04

0.00 0.00 0.00 0.00 0.18 0.18 0.00 0.00

0.20 0.17 0.07 0.08 6.20 5.49 0.14 0.09

0.04 0.07 0.01 0.02 2.75 2.00 0.04 0.02

26 737 1484 965 312 9 1514 281 82 31 381 1 159 27 194 38 297 36 40 386 143 5570 740 1417 154 11895 229 99 10 864 3944 16 84 95 209 403 134 296 7 66 253 0 29 237 976 3 16 493 107 0 121 123 31 547 182 10 226 9 5 1217 108 5 16460 1080 963 2439 346 2 11 86 394 1744 348 173 707 73 286 135 114 223 142 884 847 0 69 540 1280 0 66 47 1393 423 68 399 570 1893 392 1 430 460 35 67 25 264 5817 2782 2898 1664 3 63 88 423 946 238 466 16 80 614 125 309 96 729 539 3 351 352 6 670 918 1745 1032 789 51 52 17 1163 298 334 1021 111 69 384 394 112 1 4451 31 66 1608 2169 49 16 73 585 503 1200 59 144 34 653 1054 1830 1925 187 138 4700 1328 3618 1604 1040 41 78 133 139 1268

0.15 1.29 1.60 0.22 0.17 0.00 1.25 0.18 0.15 0.29 0.37 0.60 0.15 0.12 0.01 0.10 0.16 0.08 0.07 0.18 0.23 6.99 8.77 0.33 0.19 0.00 0.61 0.51 0.12 0.17 0.16 0.28 0.04 0.17 0.22 0.11 0.08 0.67 0.50 0.17 0.21 0.00 0.57 22.57 17.93 0.70 0.88 0.18 0.14 0.04 0.05 0.07 0.08 0.10 0.07 0.29 0.37 1.08 0.80 0.45 0.11 4.10 17.07 0.18 0.09 0.11 0.10 0.07 0.48 0.64 3.16 2.50 9.70 0.09 0.12 0.08 0.11 1.00 1.30 0.81 0.80 0.18 0.23 0.00 0.19 0.53 0.43 0.00 0.14 0.16 0.12 0.14 0.14 0.17 0.05 0.06 0.18 0.13 0.58 0.48 0.29 0.23 0.35 0.39 4.35 5.46 8.08 10.14 0.11 0.48 0.08 0.10 0.15 0.12 0.07 0.06 11.64 14.68 0.14 0.11 0.10 0.36 0.28 0.07 0.08 0.17 0.14 0.29 0.12 0.50 0.39 13.36 0.36 0.45 0.71 0.59 0.11 0.29 0.37 0.03 0.06 0.07 0.16 0.13 2.19 65.95 0.16 0.19 0.37 0.29 0.20 0.04 0.05 0.22 0.17 0.10 0.09 0.17 0.13 0.12 0.09 0.34 0.02 0.12 0.64 16.53 20.77 0.08 0.27 0.22 3.11 3.97 0.96 0.48 0.06

0.15 1.09 1.40 0.16 0.12 0.00 1.09 0.15 0.00 0.26 0.32 0.59 0.14 0.11 0.00 0.10 0.12 0.07 0.00 0.16 0.00 6.18 7.95 0.29 0.18 0.00 0.52 0.40 0.00 0.13 0.13 0.22 0.04 0.14 0.19 0.10 0.08 0.46 0.00 0.14 0.19 0.00 0.57 21.29 16.57 0.60 0.55 0.16 0.13 0.00 0.02 0.06 0.04 0.09 0.06 0.28 0.00 1.05 0.80 0.36 0.09 3.55 14.54 0.14 0.07 0.09 0.00 0.07 0.48 0.52 2.68 2.09 7.95 0.07 0.10 0.07 0.09 0.89 1.15 0.71 0.54 0.15 0.20 0.00 0.17 0.45 0.35 0.00 0.11 0.13 0.03 0.09 0.11 0.16 0.00 0.05 0.17 0.00 0.48 0.35 0.26 0.20 0.21 0.35 3.92 4.96 7.00 9.00 0.10 0.40 0.07 0.09 0.13 0.10 0.00 0.05 10.62 13.59 0.12 0.10 0.07 0.32 0.24 0.06 0.08 0.13 0.12 0.26 0.10 0.40 0.32 11.01 0.33 0.00 0.64 0.50 0.09 0.21 0.27 0.00 0.05 0.06 0.15 0.11 2.11 60.33 0.15 0.00 0.27 0.21 0.00 0.04 0.05 0.18 0.14 0.09 0.07 0.16 0.13 0.10 0.08 0.28 0.02 0.11 0.58 15.17 19.51 0.07 0.24 0.19 2.78 3.48 0.78 0.00 0.05

0.15 unch 1.12 1.43 0.17 0.12 + 0.00 + 1.23 0.17 + 0.13 0.26 0.32 + 0.59 0.14 0.11 0.00 0.10 unch + 0.16 0.08 unch + 0.07 + 0.18 0.21 6.22 7.99 0.32 0.18 0.00 0.53 0.42 0.12 0.15 0.13 0.22 0.04 0.15 + 0.21 0.10 0.08 0.48 0.36 0.15 0.19 0.45 unch 0.57 unch 21.39 16.68 0.60 0.55 0.17 0.13 0.04 0.03 0.06 0.04 unch + 0.10 0.06 + 0.28 0.35 + 1.08 0.80 unch 0.39 0.09 3.55 14.70 + 0.18 0.07 0.09 0.09 unch 0.07 unch 0.48 unch 0.59 2.71 2.14 9.10 0.09 0.10 + 0.08 0.10 unch 0.95 1.20 0.71 0.56 0.16 0.21 0.01 unch 0.17 0.48 0.37 0.59 unch 0.11 0.13 0.07 0.09 0.13 0.16 0.04 0.05 0.17 0.13 0.48 0.38 + 0.29 + 0.23 0.28 0.36 3.98 5.11 7.12 9.12 + 0.11 0.46 0.07 0.10 unch 0.14 unch 0.11 0.07 0.06 10.87 13.96 0.12 0.11 unch 0.07 0.34 0.26 0.06 + 0.08 + 0.15 0.14 0.27 0.10 0.42 unch 0.33 11.38 + 0.36 0.44 0.64 0.51 0.10 0.22 0.29 + 0.03 0.05 0.06 0.15 0.12 2.11 60.79 0.16 0.19 unch 0.27 0.21 + 0.20 0.04 unch + 0.05 0.19 0.15 0.10 0.07 0.16 0.13 unch 0.10 0.08 + 0.34 0.02 unch 0.11 + 0.60 15.37 19.71 0.07 0.25 0.19 2.95 + 3.75 + 0.94 0.44 0.06

0.00 0.16 0.17 0.05 0.05 0.00 0.02 0.01 0.01 0.04 0.05 0.11 0.02 0.02 0.01 0.00 0.04 0.00 0.00 0.01 0.03 0.76 0.74 0.01 0.01 0.00 0.06 0.04 0.01 0.02 0.02 0.06 0.01 0.01 0.01 0.01 0.00 0.22 0.20 0.02 0.02 0.00 0.00 0.14 0.54 0.10 0.33 0.01 0.01 0.01 0.01 0.01 0.00 0.02 0.01 0.00 0.02 0.03 0.00 0.04 0.02 0.50 1.89 0.02 0.01 0.01 0.00 0.00 0.00 0.07 0.44 0.37 0.60 0.01 0.01 0.00 0.00 0.10 0.15 0.06 0.05 0.02 0.02 0.00 0.03 0.04 0.04 0.00 0.01 0.01 0.02 0.04 0.01 0.02 0.00 0.01 0.01 0.09 0.06 0.05 0.01 0.01 0.02 0.04 0.38 0.35 0.94 0.94 0.01 0.02 0.00 0.00 0.00 0.00 0.01 0.00 0.56 0.33 0.01 0.00 0.02 0.01 0.02 0.01 0.01 0.01 0.00 0.02 0.01 0.00 0.00 2.01 0.01 0.02 0.09 0.08 0.01 0.05 0.07 0.01 0.01 0.01 0.01 0.01 0.08 6.42 0.01 0.00 0.07 0.06 0.07 0.00 0.01 0.01 0.01 0.01 0.01 0.02 0.00 0.01 0.02 0.04 0.00 0.02 0.02 0.94 0.71 0.02 0.03 0.02 0.03 0.10 0.16 0.01 0.00

0.30 2.80 3.54 0.40 0.36 0.05 1.52 0.24 0.19 0.32 0.40 0.60 0.20 0.16 0.04 0.15 0.30 0.40 0.32 0.24 0.30 9.67 12.72 0.58 0.45 0.02 1.24 0.92 0.14 0.19 0.22 2.00 0.09 0.28 0.35 0.21 0.15 0.98 2.88 0.38 0.48 0.56 0.80 29.00 22.86 1.24 1.05 0.37 0.40 0.10 0.05 0.12 0.25 0.16 0.10 0.66 2.55 2.06 1.56 0.70 0.20 7.72 20.68 0.22 0.14 0.17 0.35 0.28 0.71 1.07 4.92 3.92 10.64 0.20 0.22 0.16 0.20 1.25 1.55 2.29 2.51 0.46 0.59 0.02 0.32 0.94 0.75 1.00 0.34 0.40 0.29 0.30 0.37 0.49 0.48 0.12 0.35 0.28 0.85 0.77 0.60 0.51 0.68 0.90 8.91 11.62 12.88 16.37 0.30 1.00 0.20 0.26 0.34 0.27 0.09 0.07 13.60 16.49 0.50 0.25 0.21 0.60 0.48 0.11 0.16 0.43 0.38 0.75 0.25 0.78 0.64 15.20 0.56 0.72 1.56 1.25 0.16 0.32 0.39 0.06 0.13 0.18 0.31 0.25 2.39 83.29 0.49 0.75 0.70 0.55 1.39 0.06 0.10 0.67 0.51 0.21 0.16 0.80 0.15 0.27 0.36 0.67 0.03 0.17 1.05 23.27 30.54 0.20 1.19 0.99 5.16 6.50 0.97 0.75 0.50

0.13 1.09 1.40 0.14 0.10 0.00 1.00 0.02 0.01 0.19 0.21 0.18 0.11 0.08 0.00 0.10 0.11 0.07 0.00 0.14 0.20 5.96 7.57 0.22 0.17 0.00 0.35 0.28 0.08 0.10 0.08 0.20 0.03 0.08 0.11 0.10 0.07 0.10 0.41 0.12 0.18 0.26 0.33 19.45 15.38 0.30 0.40 0.04 0.01 0.03 0.01 0.06 0.00 0.03 0.02 0.09 0.22 1.01 0.00 0.17 0.09 2.53 10.26 0.02 0.04 0.05 0.06 0.06 0.48 0.52 1.84 1.38 2.05 0.03 0.05 0.00 0.08 0.46 0.61 0.71 0.56 0.13 0.17 0.00 0.13 0.45 0.35 0.46 0.10 0.13 0.02 0.09 0.11 0.16 0.03 0.05 0.04 0.05 0.33 0.24 0.13 0.13 0.00 0.33 3.92 4.96 7.02 9.00 0.01 0.35 0.07 0.09 0.12 0.09 0.05 0.03 10.19 8.76 0.12 0.10 0.08 0.15 0.11 0.04 0.06 0.06 0.12 0.19 0.05 0.11 0.09 2.56 0.28 0.35 0.41 0.31 0.06 0.14 0.16 0.03 0.05 0.06 0.04 0.02 1.43 43.26 0.15 0.18 0.27 0.21 0.01 0.03 0.04 0.17 0.14 0.04 0.02 0.16 0.00 0.05 0.03 0.08 0.02 0.05 0.41 13.68 17.29 0.05 0.05 0.04 0.14 0.10 0.17 0.20 0.04

S

GLOBAL MINING NEWS

(100s) Stock

THE NORTHERN MINER / AUGUST 30–SEPTEMBER 12, 2021

Week

Exc Volume

Low

0.00 4.25 + 0.19 0.20 0.24 0.26 0.00 0.01 0.14 0.14 + 0.17 0.18 + 0.00 0.04 + 0.20 0.20 0.24 0.24 2.18 2.41 2.94 3.06 0.00 0.03 unch 0.00 0.03 0.05 0.05 0.24 0.29 + 0.18 0.22 + 1.33 1.42 1.05 1.13 0.28 0.28 0.36 0.39 0.07 0.07 unch 0.08 0.09 0.18 0.18 0.22 0.22 0.08 0.08 0.00 0.00 unch 0.21 0.22 0.09 0.09 0.11 0.11 0.00 0.00 0.23 0.23 0.29 0.30 0.00 0.01 unch 0.25 0.34 + 0.00 0.26 + 0.11 0.12 0.14 0.15 0.23 0.24 0.00 0.18 0.49 0.49 0.55 0.55 + 0.46 0.46 unch 0.27 0.30 + 0.10 0.10 0.08 0.08 unch 0.71 0.77 0.94 1.00 0.00 0.31 unch 0.47 0.56 + 0.38 0.39 21.90 22.45 17.10 17.50 0.45 0.45 0.58 0.59 0.44 0.45 + 0.40 0.40 unch 0.16 0.18 + 0.20 0.20 0.34 0.36 0.27 0.27 0.00 0.00 unch 0.00 0.23 unch 0.85 0.87 -

Standard Metal* Standard Uran* Standard Uran Stans Energy* Star Diamond* Star Diamond Star Gold* Starcore Intl* Starcore Intl Starr Peak* Starr Peak Steele Oceanic* Stellar Africa* Stellar Africa Stelmine Can Stelmine Can* Steppe Gold Steppe Gold* Sterling Metal* Sterling Metal Stevens Gold* Stevens Gold Stinger Res* Stinger Res Stone Gold Stornoway Diam* Straightup Res Stratabd Mnr* Stratabd Mnr Strateco Res* Strategic Metl* Strategic Metl Strategic Min* Strategic Res Strategic Res* Strikepoint Gd* Strikepoint Gd Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor Stuhini Explor* Stuve Gold Sulliden Mng Sulliden Mng* Summa Silver* Summa Silver Sun Peak Metal Sun Summit Sun Summit* Suncor Energy Suncor Energy* Superior Gold* Superior Gold Superior Mng Superior Mng* Surge Battery* Surge Battery Surge Copper Surge Copper* Sutter Gold* Sylla Gold Syrah Res*

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

1 359 292 40 18 685 4 6 482 368 467 0 162 312 2013 34 514 28 148 221 1 67 8 267 43 275 401 4 214 12 111 231 0 1064 4 1122 636 388 138 19 17 6 22 168 30 143 281 796 369 54 39954 45401 60 362 23 1 51 79 574 22 919 1 143

4.49 0.22 0.28 0.02 0.14 0.18 0.04 0.22 0.29 2.70 3.30 0.00 0.05 0.05 0.29 0.22 1.59 1.26 0.33 0.42 0.07 0.10 0.19 0.24 0.09 0.00 0.23 0.10 0.14 0.00 0.26 0.32 0.00 0.35 0.26 0.15 0.19 0.26 0.21 0.54 0.57 0.47 0.30 0.11 0.08 0.86 1.09 0.32 0.57 0.43 23.90 18.95 0.52 0.63 0.45 0.40 0.25 0.22 0.39 0.30 0.00 0.00 1.06

Taiga Gold Taiga Gold* Tajiri Res Talisker Res Talisker Res* Talmora Diamd Talon Metals Tamerlane Vent* Tanqueray Expl Tantalex Res Tanzanian Gold Tanzanian Gold* Tarachi Gold* Tarachi Gold Taranis Res Taranis Res* Tarku Res Tarku Res* Tartisan Nick Tartisan Nick* Taseko Mines* Taseko Mines TDG Gold Teck Res* Teck Res Teck Res Tectonic Metal* Tectonic Metal Temas Res* Temas Res Tembo Gold

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

509 120 373 1365 66 4 969 69 209 574 95 4199 75 147 65 31 18 110 655 83 8862 1966 38 32092 10781 7 66 240 236 324 415

0.18 0.14 0.08 0.32 0.25 0.02 0.48 0.00 9.06 0.06 0.55 0.44 0.18 0.23 0.09 0.07 0.09 0.08 0.49 0.38 1.75 2.21 0.63 22.42 28.16 34.00 0.11 0.13 0.33 0.40 0.15

Last

High Low

Stock

2.23 0.01 0.01 0.01 0.00 0.01 0.00 0.00 0.03 0.19 0.20 0.00 0.02 0.01 0.02 0.04 0.16 0.11 0.04 0.02 0.00 0.01 0.00 0.02 0.01 0.00 0.01 0.01 0.02 0.00 0.03 0.03 0.00 0.06 0.05 0.02 0.03 0.01 0.05 0.08 0.03 0.00 0.03 0.02 0.00 0.10 0.09 0.00 0.04 0.03 1.57 1.69 0.02 0.02 0.01 0.00 0.04 0.02 0.01 0.02 0.00 0.00 0.22

18.00 0.25 0.32 0.18 0.25 0.30 0.19 0.27 0.35 3.56 4.05 0.51 1.00 0.14 0.29 0.22 3.00 2.41 1.00 0.92 0.29 0.38 0.29 0.35 0.28 0.01 0.35 0.26 0.38 0.01 0.55 0.72 0.01 0.52 0.41 0.26 0.33 0.28 0.26 0.90 0.94 0.68 0.55 0.20 0.10 2.20 3.02 1.28 1.35 1.09 31.38 25.73 0.70 0.95 0.89 0.63 0.25 0.29 0.85 0.46 0.05 0.30 1.18

1.01 0.12 0.12 0.00 0.11 0.15 0.01 0.13 0.16 1.15 1.51 0.03 0.01 0.04 0.05 0.12 1.34 1.05 0.15 0.20 0.04 0.06 0.02 0.10 0.06 0.00 0.13 0.02 0.12 0.00 0.21 0.28 0.01 0.22 0.19 0.10 0.12 0.07 0.05 0.47 0.38 0.31 0.21 0.05 0.00 0.60 0.78 0.30 0.18 0.14 14.28 10.67 0.40 0.51 0.40 0.40 0.03 0.06 0.11 0.26 0.00 0.08 0.26

0.02 0.01 0.00 0.01 0.02 0.00 0.02 0.00 0.53 0.01 0.01 0.03 0.00 0.01 0.01 0.00 0.01 0.00 0.05 0.03 0.25 0.28 0.03 3.15 3.35 3.15 0.01 0.01 0.07 0.07 0.02

0.28 0.24 0.23 0.44 0.34 0.15 0.90 0.10 26.25 0.12 2.12 1.91 0.43 1.00 0.16 0.16 0.25 0.14 0.56 0.55 2.67 3.22 0.69 26.72 32.27 42.50 0.25 0.27 1.78 2.27 0.22

0.14 0.12 0.07 0.28 0.21 0.02 0.22 0.00 6.39 0.01 0.48 0.36 0.15 0.18 0.08 0.07 0.08 0.07 0.10 0.00 0.78 1.03 0.24 10.90 14.37 16.50 0.07 0.09 0.24 0.30 0.10

Tembo Gold* Tempus Res* Tempus Res Teras Res* Teras Res Terrax Mnrls* Terrax Mnrls Terreno Res Tesoro Mnrls* Tesoro Mnrls Teuton Res* Teuton Res Texas Mineral* Themac Res Thesis Gold Theta Gold* Thor Explor* Thor Explor Three Valley* Thunder Mtn Gd* Thunderstruck Thunderstruck* Tier One Silv Timberline Res Timberline Res* Tinka Res* Tinka Res Tintina Mines Tisdale Res Titan Mining* Titan Mining Titanium Corp TNR Gold Tocvan Venture TomaGold Tombill Mines Tombill Mines* Tombstone Expl* Tonogold Res* Tonopah Div Mg* Torex Gold* Torex Gold Torq Resources Torq Resources* Tower Res* Tower Res Trailbreaker Trailbreaker* Trans Canada* Trans Canada Transatlantic Transatlantic* Transition Met* Transition Met Treasury Metal* Treasury Metal Trecora Res* Tres-Or Res Tres-Or Res* Trevali Mining* Trevali Mining Trifecta Gold* Trifecta Gold Trillium Gold* Trillium Gold Trilogy Mtls Trilogy Mtls* TriMetals Mng* Trinity Res* Trinity Valley Trinity Valley* Triple Flag TriStar Gold* TriStar Gold Triumph Gold Triumph Gold* Troilus Gold* Troilus Gold Troubadour Res Troy Res* TRU Precious* TRU Precious True North Gem* 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

Change

T 0.14 0.16 0.12 0.12 0.08 0.08 0.29 0.30 0.22 0.22 0.00 0.02 0.45 0.47 0.00 0.00 7.88 8.28 0.05 0.05 0.48 0.52 0.36 0.40 0.17 0.17 0.21 0.22 0.09 0.09 0.07 0.07 0.00 0.09 0.07 0.07 0.41 0.48 0.32 0.38 1.49 1.53 1.92 1.95 0.58 0.58 19.32 19.69 24.84 25.24 28.70 31.60 0.00 0.10 0.12 0.12 0.24 0.26 0.32 0.33 0.00 0.14

(100s)

12-month

High

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

Week

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

5 13 64 191 252 188 545 50 15 42 29 58 584 7 54 33 12 1107 427 56 115 336 597 278 518 684 594 34 34 804 369 167 439 423 1188 342 72 1 324 2 138 989 147 265 4 131 131 53 28 106 185 49 5 194 137 467 305 49 4 3002 5053 46 40 20 199 145 1358 48 2 49 20 27 416 256 318 244 182 640 541 68 344 980 5 13 31 119 318 0 79 49 2898 977 64 74 640 2 643

High

Low

Last

0.12 0.20 0.28 0.04 0.05 0.17 0.22 0.04 0.04 0.06 1.98 2.50 1.73 0.08 1.44 0.15 0.24 0.32 0.32 0.13 0.08 0.06 1.36 0.26 0.20 0.17 0.22 0.04 0.75 0.27 0.35 0.45 0.04 1.35 0.07 0.19 0.16 2.10 0.15 0.27 10.82 13.64 0.90 0.73 0.05 0.06 0.38 0.28 0.13 0.17 0.04 0.03 0.14 0.19 0.63 0.80 8.06 0.10 0.09 0.16 0.21 0.07 0.08 0.61 0.77 2.56 2.05 0.16 0.03 0.05 0.04 13.25 0.22 0.29 0.16 0.13 0.68 0.88 0.10 0.03 0.21 0.25 0.07 0.09 1.10 1.96 2.46 2.00 0.84 0.65 15.55 19.54 0.05 0.04 0.00 0.00 0.05

0.12 0.14 0.22 0.03 0.04 0.15 0.19 0.04 0.00 0.05 1.67 2.10 1.42 0.00 1.36 0.00 0.00 0.27 0.23 0.00 0.07 0.05 1.10 0.20 0.16 0.14 0.18 0.03 0.66 0.00 0.28 0.00 0.00 1.00 0.06 0.16 0.00 2.10 0.12 0.27 9.77 12.67 0.82 0.65 0.05 0.06 0.26 0.18 0.13 0.00 0.03 0.03 0.14 0.16 0.56 0.75 7.54 0.00 0.00 0.12 0.16 0.00 0.08 0.50 0.63 2.34 1.83 0.00 0.00 0.05 0.04 12.85 0.20 0.25 0.15 0.12 0.65 0.82 0.08 0.03 0.15 0.19 0.07 0.09 1.03 1.65 2.14 2.00 0.69 0.56 13.25 17.01 0.00 0.03 0.00 0.00 0.05

0.12 0.20 0.25 0.03 0.04 0.16 0.20 0.04 0.04 0.05 1.68 2.15 1.48 0.08 1.36 0.15 0.24 0.29 0.25 0.12 0.08 0.05 1.11 0.22 0.17 0.15 0.21 0.04 0.66 0.27 0.34 0.44 0.04 1.27 0.07 0.16 0.13 2.10 0.12 0.27 10.09 12.92 0.83 0.66 0.05 0.06 0.32 0.28 0.13 0.16 0.03 0.03 0.14 0.17 0.58 0.75 7.65 0.10 0.09 0.13 0.17 0.07 0.08 0.56 0.72 2.38 1.87 0.15 0.03 0.05 0.04 13.16 0.22 0.29 0.15 0.12 0.65 0.83 0.08 0.03 0.15 0.19 0.07 0.09 1.06 1.71 2.19 2.00 0.69 0.58 13.34 17.14 0.05 0.04 0.00 0.02 0.05

12-month Change + + unch unch + unch unch + + + + + + unch unch unch + + unch unch unch unch unch + + + + unch unch unch + + unch unch unch unch unch unch -

0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.30 0.33 0.17 0.00 0.06 0.00 0.01 0.03 0.09 0.01 0.00 0.01 0.23 0.04 0.04 0.00 0.02 0.01 0.01 0.02 0.04 0.01 0.01 0.26 0.01 0.03 0.02 0.00 0.02 0.00 0.70 0.53 0.04 0.07 0.00 0.01 0.06 0.10 0.00 0.00 0.00 0.00 0.00 0.02 0.04 0.05 0.33 0.00 0.00 0.03 0.04 0.04 0.01 0.06 0.03 0.13 0.14 0.01 0.01 0.00 0.00 0.00 0.01 0.03 0.01 0.02 0.05 0.04 0.02 0.00 0.02 0.02 0.00 0.00 0.04 0.23 0.23 0.00 0.08 0.07 2.46 2.67 0.00 0.00 0.00 0.00 0.01

High Low 0.16 0.21 0.33 0.08 0.14 0.37 0.49 0.07 0.12 0.17 3.36 4.35 4.70 0.12 1.75 0.69 1.00 0.45 0.69 0.23 0.20 0.14 1.90 0.51 0.40 0.24 0.30 0.08 2.10 0.99 1.10 0.65 0.09 1.67 0.11 0.33 0.24 2.97 0.44 1.90 17.74 22.35 1.07 0.86 0.12 0.15 0.45 0.33 0.24 0.30 0.07 0.05 0.20 0.26 1.26 1.64 9.17 0.20 0.14 0.23 0.28 0.19 0.13 1.75 2.35 3.70 3.06 0.16 0.20 0.15 0.11 16.46 0.33 0.42 0.36 0.27 1.33 1.82 0.30 0.27 0.41 0.52 0.19 0.25 1.46 3.25 4.00 6.00 1.51 1.15 21.89 26.45 0.06 0.06 0.01 0.05 0.10

0.08 0.12 0.14 0.03 0.04 0.15 0.20 0.03 0.04 0.05 1.62 2.02 1.20 0.06 0.52 0.00 0.16 0.17 0.23 0.11 0.07 0.05 1.07 0.21 0.12 0.11 0.16 0.03 0.40 0.00 0.28 0.24 0.03 0.20 0.06 0.12 0.12 1.53 0.13 0.01 9.92 12.67 0.54 0.41 0.05 0.06 0.20 0.18 0.11 0.11 0.03 0.02 0.10 0.13 0.57 0.75 5.50 0.08 0.05 0.09 0.12 0.00 0.06 0.48 0.63 1.90 1.43 0.06 0.00 0.05 0.04 12.85 0.15 0.19 0.13 0.11 0.65 0.82 0.03 0.03 0.02 0.13 0.05 0.08 0.07 1.60 2.01 2.00 0.74 0.55 7.49 9.80 0.02 0.01 0.00 0.01 0.04

(100s) Stock

Week

Exc Volume

High

Low

Last

12-month Change

High Low

U-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 Res Hdg* United States A* United States S* Universal Cop* Universal Cop Universal Vent Ur-Energy* Ur-Energy Uragold Bay Rs Uranium Energy* Uranium Hunter* Uranium Res* Uranium Roylty Uranium Roylty* Uravan Mnrls Uravan Mnrls* USCorp* Usha Res Val-d’Or Mg Val-d’Or Mg* Vale* Valley High Mg* ValOre Metals* ValOre Metals Valorem Res Valterra Res* Valterra Res Vanadian Enrgy* Vanadian Enrgy Vanadium One* Vanadium One Vanstar Mng Rs* Vanstar Mng Rs Vantex Res Vantex Res * Velocity Mnrls* Velocity Mnrls Vendetta Mng* Vendetta Mng Venture Mnrls* Verde Potash Verde Res* Vertical Expl* Vertical Expl Victoria Gold Victoria Gold* Victory Nickel Victory Nickel* Victory Res Victory Res* Virginia Enrgy Virginia Enrgy* Viscount Mng Visible Gold M* Visible Gold M Vision Lithium Vision Lithium* Visionary Gold Vista Gold Vista Gold* Viva Gold* Viva Gold Vizsla Silver Vizsla Silver* Volatus Cap Volcanic Gold* Volcanic Gold Voyageur Min Voyageur Min* Voyageur Min VR Resources* VR Resources Vulcan Mnrls Vulcan Mnrls* VVC Expl VVC Expl*

D 79 V 175 O 237 C 276 O 2425 O 275 V 88 T 3277 O 18 V 23 O 1441 O 66 V 2141 O 1092 O 960 X 10552 N 123025 O 19 V 161 V 489 X 10493 T 584 V 1622 X 15098 O 4635 X 4627 V 365 D 666 V 140 O 21 O 410 V 248 V 124 O 1 N 172374 O 16771 O 396 V 243 C 3713 O 7 V 109 O 127 V 164 O 29 V 92 O 175 V 403 V 6 O 0 O 14 V 74 O 15 V 375 O 260 T 170 O 2 O 20 V 409 T 1130 O 229 C 114 O 28 C 180 O 174 V 149 O 9 V 57 O 5 V 303 V 1866 O 703 V 92 T 39 X 2212 O 26 V 506 V 877 O 555 C 161 O 47 V 113 C 146 O 21 V 311 O 50 V 91 V 336 O 68 V 901 O 478

Walker Lane* Walker River*

O O

10.04 0.18 0.14 0.09 16.03 0.94 1.18 0.32 0.14 0.19 0.07 0.11 0.15 0.84 0.04 0.96 30.57 0.07 0.09 2.50 1.19 1.49 0.76 2.14 0.04 4.03 3.31 2.61 0.34 0.03 0.04 0.30 0.12 0.09 20.73 0.03 0.20 0.26 0.16 0.04 0.05 0.06 0.08 0.16 0.21 0.41 0.52 0.20 0.00 0.36 0.46 0.04 0.05 0.07 1.33 0.06 0.09 0.15 15.71 12.41 0.02 0.01 0.08 0.07 0.24 0.19 0.46 0.09 0.11 0.13 0.10 0.21 1.05 0.84 0.13 0.17 2.24 1.77 0.12 0.39 0.48 0.31 0.09 0.11 0.33 0.42 0.21 0.16 0.17 0.14

9.55 0.11 0.04 0.07 13.20 0.74 0.98 0.28 0.00 0.17 0.05 0.10 0.13 0.46 0.00 0.85 26.63 0.00 0.08 1.87 1.01 1.30 0.62 1.94 0.03 3.25 2.95 2.31 0.03 0.03 0.03 0.27 0.12 0.09 17.97 0.02 0.17 0.23 0.10 0.03 0.05 0.00 0.00 0.16 0.20 0.37 0.00 0.20 0.00 0.00 0.43 0.04 0.05 0.06 1.11 0.05 0.09 0.12 13.81 10.72 0.00 0.01 0.08 0.06 0.18 0.15 0.44 0.07 0.10 0.11 0.07 0.19 0.91 0.71 0.13 0.16 1.95 1.51 0.12 0.33 0.41 0.30 0.07 0.09 0.30 0.39 0.17 0.15 0.12 0.10

9.60 0.16 0.12 0.07 14.10 0.78 0.98 0.31 0.13 0.17 0.06 0.11 0.13 0.62 0.04 0.85 27.01 0.07 0.08 2.34 1.08 1.37 0.72 2.05 0.04 3.48 3.00 2.35 0.30 0.03 0.03 0.27 0.12 0.09 18.23 0.02 0.17 0.23 0.10 0.04 0.05 0.05 0.07 0.16 0.20 0.37 0.47 0.20 0.16 0.33 0.43 0.04 0.05 0.07 1.33 0.06 0.09 0.12 13.82 10.77 0.02 0.01 0.08 0.06 0.21 0.17 0.45 0.07 0.10 0.11 0.08 0.21 1.00 0.77 0.13 0.17 2.00 1.57 0.12 0.33 0.42 0.30 0.09 0.10 0.32 0.39 0.19 0.15 0.15 0.12

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

0.33 0.02 0.01 0.01 1.49 0.03 0.03 0.02 0.01 0.02 0.00 0.01 0.01 0.16 0.00 0.09 1.97 0.00 0.00 0.04 0.08 0.06 0.11 0.06 0.01 0.53 0.17 0.16 0.05 0.26 0.00 0.04 0.01 0.00 2.41 0.01 0.02 0.02 0.05 0.00 0.00 0.01 0.02 0.01 0.02 0.03 0.04 0.01 0.00 0.04 0.04 0.00 0.01 0.00 0.07 0.00 0.00 0.00 1.60 1.58 0.01 0.00 0.01 0.00 0.01 0.00 0.02 0.02 0.01 0.03 0.02 0.01 0.02 0.05 0.00 0.00 0.20 0.18 0.01 0.06 0.06 0.00 0.01 0.02 0.02 0.03 0.02 0.01 0.02 0.01

0.15 0.04

-

0.04 0.02

17.40 0.37 0.40 0.10 30.20 2.36 2.97 0.50 0.23 0.28 0.19 0.46 0.61 1.46 0.05 2.56 30.57 0.15 0.21 3.40 1.74 2.14 1.68 3.67 0.27 14.50 4.70 3.81 0.70 2.00 0.07 0.33 0.18 0.20 23.18 0.20 0.36 0.45 0.44 0.09 0.13 0.10 0.11 0.32 0.36 2.32 1.75 0.38 0.27 0.47 0.61 0.07 0.09 0.12 1.97 1.00 0.19 0.30 22.54 18.50 0.10 0.08 0.60 0.49 0.48 0.37 0.55 0.30 0.38 0.95 0.74 0.24 1.79 1.40 0.36 0.48 2.86 2.37 0.43 0.58 0.80 0.50 0.25 0.35 0.55 0.68 0.33 0.80 0.17 0.50

8.01 0.09 0.03 0.03 0.43 0.64 0.70 0.12 0.04 0.04 0.00 0.09 0.12 0.27 0.02 0.22 6.85 0.06 0.06 1.05 0.42 0.55 0.31 0.82 0.02 1.34 1.06 0.81 0.15 0.06 0.00 0.16 0.09 0.08 10.29 0.00 0.16 0.21 0.10 0.03 0.04 0.03 0.04 0.05 0.08 0.36 0.46 0.17 0.03 0.31 0.41 0.01 0.04 0.02 0.58 0.01 0.01 0.03 10.42 8.18 0.01 0.01 0.05 0.04 0.07 0.05 0.31 0.00 0.10 0.02 0.01 0.06 0.96 0.75 0.10 0.13 1.26 0.99 0.01 0.28 0.34 0.24 0.03 0.04 0.18 0.23 0.05 0.04 0.03 0.02

W-Z 96 161

0.21 0.06

0.08 0.04

0.21 0.03 0.11 0.01

(100s) Stock

Exc Volume

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

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

1926 685 2042 20 255 93 1575 1416 69 15 8 2161 352 181 117 1046 640 415 28 32 400 1658 486 69 2524 1989 89 399 433 5 609 196 0 19 66 0 1 4069 9136 6 170 427 8 1263 269 259 37 0 3 231 0 552 978 1826 483 155 143 662 112 8 1148 13 120 128 0 39 340 120 94 18 10 11141 57729 203 3 145 69 86 120 275 203 44 14 266 13 1 1 15 60 48 188

Week

23

12-month

High

Low

Last

Change

0.08 0.57 0.65 0.07 0.09 0.04 0.33 0.42 0.46 0.08 0.09 12.97 10.35 0.40 0.14 0.18 0.06 0.08 1.04 2.18 0.06 1.78 2.23 0.30 0.67 0.85 0.19 2.32 2.92 1.33 0.56 0.44 0.12 0.15 0.26 0.00 1.95 56.19 44.72 0.10 0.52 0.57 0.08 0.09 0.05 1.80 1.32 0.00 0.17 0.11 0.00 0.07 0.06 0.30 0.22 0.18 0.52 0.50 0.08 0.05 0.04 0.04 0.09 0.00 0.06 0.22 0.28 0.08 0.06 0.95 0.75 5.59 4.44 0.05 0.03 1.16 0.87 0.70 2.40 2.99 0.17 0.15 0.12 0.24 0.87 0.62 0.00 0.13 0.18 0.17 0.22

0.06 0.06 0.45 0.46 0.57 0.59 0.00 0.07 + 0.00 0.08 unch 0.04 0.04 unch 0.28 0.33 + 0.37 0.41 + 0.45 0.45 0.08 0.08 unch 0.09 0.09 11.82 11.93 9.21 9.29 0.00 0.33 0.12 0.12 0.15 0.15 0.05 0.05 0.07 0.07 unch 0.95 1.02 1.78 2.18 + 0.05 0.06 unch 1.53 1.58 1.96 2.01 0.22 0.22 0.49 0.60 + 0.65 0.77 + 0.18 0.18 unch 1.81 1.94 2.34 2.48 1.33 1.33 unch 0.50 0.52 0.40 0.40 0.00 0.12 unch 0.00 0.15 unch 0.23 0.25 + 0.00 0.18 unch 0.00 1.95 + 53.42 54.72 42.19 42.68 0.10 0.10 unch 0.40 0.42 0.52 0.53 0.06 0.06 0.00 0.08 0.04 0.05 1.51 1.53 0.00 1.10 0.00 0.13 unch 0.00 0.17 unch 0.11 0.11 unch 0.00 0.09 unch 0.07 0.07 0.05 0.05 0.23 0.23 0.18 0.18 0.14 0.15 0.47 0.50 unch 0.45 0.50 + 0.07 0.08 + 0.05 0.05 unch 0.03 0.03 unch 0.04 0.04 unch 0.09 0.09 unch 0.00 0.00 + 0.06 0.06 unch 0.18 0.21 + 0.00 0.27 + 0.08 0.08 + 0.05 0.05 unch 0.92 0.95 + 0.74 0.74 5.32 5.38 4.15 4.20 0.04 0.05 + 0.03 0.03 unch 0.89 0.96 0.70 0.78 0.00 0.46 2.11 2.25 2.71 2.86 0.17 0.17 0.14 0.14 0.00 0.12 0.24 0.24 0.00 0.80 0.00 0.62 + 0.00 0.00 unch 0.00 0.13 0.16 0.16 0.15 0.15 0.20 0.21 -

0.01 0.07 0.05 0.01 0.00 0.00 0.03 0.04 0.05 0.00 0.01 1.00 1.05 0.03 0.02 0.04 0.01 0.00 0.01 0.33 0.00 0.17 0.17 0.04 0.11 0.16 0.00 0.34 0.37 0.00 0.03 0.04 0.00 0.00 0.01 0.00 0.95 0.91 1.78 0.00 0.04 0.05 0.01 0.02 0.00 0.22 0.23 0.00 0.00 0.00 0.00 0.01 0.00 0.06 0.04 0.03 0.00 0.08 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.01 0.00 0.02 0.02 0.10 0.17 0.01 0.00 0.13 0.10 0.23 0.08 0.04 0.01 0.01 0.00 0.01 0.04 0.05 0.00 0.02 0.02 0.03 0.01

High Low 0.15 1.01 1.33 0.11 0.15 0.07 0.38 0.47 0.79 0.10 0.15 14.89 11.37 0.43 1.16 1.70 0.14 0.19 1.99 2.43 0.16 2.83 3.35 0.69 0.76 0.96 0.37 2.76 3.40 2.05 1.25 0.93 0.22 0.30 0.39 0.32 7.00 73.01 55.63 0.11 0.96 1.24 0.12 0.17 0.05 1.80 4.80 0.29 0.36 0.14 0.10 0.20 0.18 2.34 0.36 0.40 1.54 0.78 0.20 0.15 0.11 0.05 0.32 0.47 0.13 0.47 0.62 0.14 0.23 1.54 1.22 8.45 6.43 0.07 0.06 1.89 1.05 0.75 2.97 3.77 0.25 1.11 0.84 0.30 5.00 1.27 0.04 0.19 0.23 0.21 0.30

0.06 0.33 0.48 0.01 0.07 0.02 0.06 0.08 0.25 0.04 0.06 7.78 6.05 0.10 0.12 0.15 0.05 0.06 0.95 1.25 0.05 0.95 1.24 0.22 0.08 0.10 0.15 0.39 0.53 1.25 0.49 0.38 0.10 0.11 0.13 0.10 0.55 44.09 34.85 0.08 0.41 0.54 0.04 0.05 0.00 0.63 0.57 0.12 0.13 0.08 0.06 0.06 0.04 0.24 0.18 0.13 0.46 0.29 0.07 0.05 0.03 0.04 0.09 0.00 0.02 0.18 0.22 0.05 0.05 0.87 0.65 5.06 3.99 0.04 0.01 0.77 0.65 0.35 0.30 0.39 0.08 0.13 0.10 0.11 0.67 0.01 0.00 0.06 0.09 0.13 0.16

BID-ASK — AUGUST 16–20, 2021 12-MONTH STOCK

79 Resources Advance United Aftermath Silv Alacer Gold Allied Copper AM Resources AMV Capital Anglo-Bomarc Antler Hill Apex Res Archer Explor Arcturus Vent Arcus Dev Grp Ashanti Sanko Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aurora Royal Aust Goldfield Austin Res Avarone Metals Axmin Inc Aya Gold Banro Corp* Barker Min BC Moly BE Res Bearclaw Cap Black Shield Boss Power Brunswick Res Buccaneer Gold Bullion Gold C2C Gold Cache Explor Cairo Res Camrova Res Canamera Energ Carlin Gold Cassius Vents CAVU Mining Centurion Mnls Cerro de Pasc Cerro Grande Cerro Mng Cleghorn Min Cliffmont Res Cliffs Nat Res* Clydesdale Res Comet Inds Cresval Cap Crystal Peak CWN M’g Acq Duro Metals Earl Res Electra Stone Eminent Gold Encanto Potash Equitorial Ex Eurotin Everton Res Evolution Glob Excalibur Res Exploits Disc Explorex Res Finore Mng First Idaho Flow Metals Freedom Egy

EXC

BID

ASK

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

0.10 0.30 0.24 9.41 0.32 0.05 0.12 0.08 ...

0.07 0.45 0.02 0.03 0.03 0.03 0.33 0.13 0.04 0.04 ...

0.09 ...

0.06 1.94 0.11 0.01 0.10 0.01 0.24 0.20 0.17 ...

0.06 0.06 ...

0.16 ... ...

0.33 0.04 0.05 0.41 ... ...

0.02 0.10 0.11 0.12 1.45 0.07 2.76 0.03 0.01 0.07 0.13 0.41 0.01 0.86 0.06 0.08 0.02 0.10 1.50 0.09 ...

8.70 0.12 0.10 0.04 0.02

0.12 1.00 0.25 9.52 0.54 0.05 0.15 0.08 ...

0.11 0.75 0.03 0.03 0.03 0.04 0.40 0.14 0.06 0.07 ...

0.11 ...

0.07 2.19 0.11 0.01 0.15 0.38 0.33 ...

0.20 0.05 0.08 0.15 ...

0.17 ...

0.07 0.50 0.05 0.14 0.43 0.07 ...

0.02 0.79 0.12 0.24 3.20 0.10 3.55 0.04 0.02 0.09 ...

0.65 0.02 0.90 0.07 0.08 0.02 0.10 3.00 0.10 ...

8.80 0.12 0.98 0.06 0.02

12-MONTH

LAST

HIGH

LOW

STOCK

0.12 0.15 0.25 9.47 0.41 0.04 0.12 0.15 0.18 0.10 0.75 0.03 0.03 0.03 0.03 0.40 0.14 0.05 0.07 0.47 0.09 0.04 0.06 2.01 0.11 0.01 0.10 0.20 0.25 0.15 0.17 0.03 0.05 0.10 0.11 0.16 0.37 0.07 0.32 0.04 0.07 0.41 0.07 0.29 0.02 0.60 0.11 0.13 1.43 0.07 2.85 0.04 0.01 0.07 0.24 0.45 0.01 0.94 0.06 0.08 0.02 0.03 2.00 0.10 0.59 9.00 0.11 0.10 0.05 0.01

0.25 0.35 0.33 10.82 0.68 0.09 0.26

0.10 0.15 0.05 3.50 0.15 0.03 0.11

0.14 0.75 0.14 0.04 0.06 0.04 0.44 0.15

0.09 0.08 0.01 0.02 0.02 0.03 0.22 0.03

0.10 0.47 0.13 0.15 0.15 2.50 2.10

0.03 0.42 0.08 0.03 0.05 0.82 0.10

0.10

0.04

0.60 0.15

0.10 0.11

0.14 0.28 0.15 0.33 0.37

0.05 0.01 0.03 0.09 0.37

0.39 0.07 0.08 0.50

0.25 0.03 0.07 0.10

0.34 0.06 0.60 0.15 0.20 7.17 0.07 3.25 0.16 0.10 0.08 0.24 0.55

0.12 0.02 0.31 0.08 0.08 0.98 0.05 2.00 0.02 0.01 0.03 0.13 0.20

1.05 0.12 0.37 0.06

0.24 0.03 0.07 0.01

2.00 0.11 0.62 10.50

2.00 0.01 0.13 4.47

0.10 0.13

0.07 0.05

GAR Limited General Moly* Gentor Res Gespeg Res GFM Res Glacier Lake Global Cop Grp Gold Lion Res Goldbelt Emp Goldblock Cap Golden Cariboo Golden Harp GoldHaven Res Goldhills Hldg Goldshore Res Great Lakes Gr Green Arrow GrowMax Res Gunpoint Expl Guyana Goldstr Handa Mining Hanna Capital Hanstone Gold HFX Holding Highbank Res Highvista Gold Homerun Res Hylands Intl IEMR Res Indico Res Inspiration Mg Intact Gold Inter-Rock Mnl Interconnect Intl Battery Intl Cobalt Iron South Mng Ivor Explor Jasper Mining K9 Gold Karam Min Karora Res Kodiak Copper La Imperial Latin Metals Leo Res Lida Resources Lido Minerals Lightspeed Dis Lithium South Logan Res Lovitt Res Madeira Mrnls MAG Silver* Mansa Explor Martina Mnls Mega Copper Melior Res Mich Resources Midasco Cap MillenMin Vent Minecorp Egy Mongoose Mg Montana Gold Montego Res Napier Vent Navis Res Corp Nebu Res New Energy Met New Klondike

EXC

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

BID

... ...

0.09 0.06 0.08 0.28 0.07 0.12 0.02 ...

0.10 0.17 ...

0.16 ...

0.05 0.02 0.04 0.57 0.10 0.04 0.06 0.36 0.04 0.01 ...

0.06 0.03 0.03 ... ...

0.06 0.41 0.08 ...

0.23 0.24 0.31 0.08 0.17 0.14 0.47 0.05 0.04 0.03 ... ...

0.20 0.10 0.31 0.25 0.20 ...

12.52 0.20 0.03 0.14 0.03 0.37 0.12 ... ... ...

0.09 0.03 0.06 ...

0.04 0.08 0.01

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

... ...

0.15 0.06 0.15 0.30 0.08 0.14 0.02 0.32 0.12 0.40 ...

0.16 375.00 0.05 0.03 0.04 0.97 0.10 0.05 0.07 0.38 0.08 0.02 ...

0.14 0.05 0.04 0.01 ...

0.07 0.47 0.22 ...

0.28 0.27 0.35 0.12 0.24 0.31 0.48 0.06 0.11 0.04 ... ...

0.40 0.10 0.34 0.40 0.23 ...

13.30 0.20 0.16 0.30 0.30 0.50 0.50 0.06 ... ...

0.10 0.04 ... ...

0.04 0.09 0.01

0.15 0.11 0.09 0.06 0.12 0.27 0.08 0.15 0.02 0.32 0.10 0.17 0.42 0.25 0.11 0.04 0.02 0.09 0.65 0.13 0.04 0.06 0.40 0.04 0.02 0.17 0.05 0.03 0.03 0.01 0.03 0.06 0.46 0.10 0.31 0.26 0.24 0.38 0.11 0.24 0.14 0.48 0.05 0.06 0.03 1.09 0.24 0.00 0.11 0.31 0.30 0.24 0.03 12.52 0.19 0.07 0.14 0.08 0.37 0.12 0.05 0.12 0.12 0.10 0.03 0.07 0.30 0.04 0.09 0.01

4.13 100.00 0.11 0.12 0.12 0.38 0.11 0.68 0.05 0.32 0.15 0.44 0.45 0.33 1.20

0.13 0.10 0.05 0.06 0.07 0.20 0.04 0.12 0.02 0.16 0.02 0.17 0.06 0.08 0.48

0.04

0.02

0.90 0.30 0.06 0.16 2.94 0.11 0.03

0.57 0.09 0.01 0.06 0.36 0.04 0.01

0.13 0.06 0.05

0.04 0.03 0.01

0.12 0.48 0.11

0.05 0.37 0.07

1.08 0.28 0.42 0.21 0.28 0.30 0.73 0.13 0.09 0.16

0.06 0.04 0.23 0.05 0.16 0.14 0.20 0.04 0.05 0.02

0.27 0.29 0.35 0.66 0.37 0.60

0.13 0.17 0.11 0.24 0.09 0.09

14.40 0.22 0.18 0.28 0.08 0.48 0.15

6.12 0.08 0.05 0.11 0.04 0.22 0.07

0.20 0.22 0.10 0.04 0.08

0.07 0.05 0.02 0.01 0.07

0.12

0.04

Newmac Res Nexco Res Norse Gold O2Gold Optimum Vent Ord Mountain Paleo Resource Parallel Mng Patriot Batt Phenom Res Philippine Mtl PPX Mining Primary Energy Prism Res Prospect Ridge Prospero Silvr Quinto Res Rackla Metals Rain City Rare Element* Razore Rock Res Reliant Gold Remington Res Rizal Res Rockland Mnls Rockwealth Res Ross River RTG Mining Samco Gold Secova Mtls Sennen Potash Sonora Gld & S Southern Arc Southstone Min Standard Lith Stans Energy Stria Lithium Supernova Met Sylla Gold Terreno Res Three Valley Thunder Mtn Gd Tiger Intl Trench Metals Tri-River Vent Trident Gold TriMetals Mng Tymbal Res Vale* ValOre Metals Vanadiumcorp Vatic Vent Venerable Vent Waraba Gold Western Troy C Whitemud Res Winshear Gold Worldwide Res Xander Res Xiana Mng Zara Res Zinco Mng Zincore Mtls

EXC

BID

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

0.04 ...

0.06 0.23 0.42 0.20 0.02 0.01 0.09 0.68 0.08 0.04 ...

0.07 0.46 0.55 0.05 0.55 0.08 0.11 0.12 ...

0.13 0.01 0.07 0.11 ...

0.14 0.01 0.05 0.01 0.07 0.32 0.01 6.65 0.01 0.03 0.05 0.22 0.04 0.45 0.13 0.14 0.55 ...

0.10 0.11 0.01 ...

0.06 0.10 0.05 0.13 0.19 0.16 0.01 0.12 0.06 0.08 0.07 ...

0.05 ...

ASK

0.25 0.60 0.10 0.27 0.59 0.25 0.03 0.15 0.10 0.71 0.11 0.05 ...

0.08 0.60 1.18 0.07 0.55 0.09 0.16 0.16 0.10 0.36 0.02 0.08 0.16 0.39 0.18 0.05 0.06 1.10 0.07 0.90 0.01 6.95 0.01 0.03 0.06 0.30 0.04 0.47 ...

0.38 0.55 ...

0.13 0.12 0.02 ...

0.07 0.10 ...

0.25 0.24 0.23 0.02 0.14 0.07 0.09 0.08 ...

0.07 0.01

LAST

0.29 0.30 0.05 0.23 0.53 0.20 0.03 0.15 0.10 0.69 0.10 0.04 0.17 0.08 0.48 0.56 0.08 0.41 0.08 0.15 0.16 0.02 0.25 0.02 0.08 0.16 0.26 0.14 0.05 0.05 0.45 0.09 0.89 0.01 6.95 0.01 0.03 0.06 0.23 0.04 0.47 0.19 0.20 0.55 0.04 0.10 0.12 0.02 10.24 0.07 0.09 0.10 0.12 0.19 0.16 0.02 0.14 0.05 0.09 0.08 0.07 0.05 0.05

HIGH

LOW

0.31 0.40 0.17 0.37 0.60

0.06 0.10 0.05 0.06 0.33

0.04 0.19 0.18 0.76 0.12 0.07 0.82 0.14 0.55 1.35

0.01 0.13 0.08 0.24 0.04 0.04 0.16 0.04 0.20 0.51

0.50 0.12 0.89 0.25

0.14 0.05 0.06 0.06

0.37

0.15

0.11 0.20

0.01 0.02

0.23

0.14

0.10 0.93 0.04 6.95

0.04 0.24 0.01 1.02

0.09 0.32 0.30 0.07 1.02 0.19 0.30 0.22

0.02 0.05 0.08 0.03 0.14 0.11 0.09 0.04

0.12 0.12 0.05 11.10 0.13 0.13

0.10 0.03 0.01 6.57 0.07 0.04

0.15 0.70 0.30 0.03 0.15 0.09 0.32 0.12 0.22

0.10 0.10 0.13 0.01 0.05 0.03 0.09 0.06 0.07

24

AUGUST 30–SEPTEMBER 12, 2021 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

Barrick believes that the best assets managed by the best people will deliver industry-leading returns. Its 13-country portfolio holds 14 gold mines, including five of the world’s 10 largest gold mines, as well as three leading copper producers, all with long-term business plans based on declared resources. As for its people, their record speaks for itself.

changing world. Social responsibility, protection of the environment, partnership with its host communities, care for employees and concern for human rights – the core components of ESG – have long been an integral part of the way it does business. That is why Barrick is not only an industry leader in operational and financial performance but is setting the pace for mining’s cultural adjustment to the modern world.

dPA 6491

Barrick is also closely aligned to the new demands and expectations of a rapidly