The Northern Miner Nov 22 2021 Issue 24

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Newcrest Mining to acquire Pretium Resources in $3.5 billion deal M&A

BMO Financial Group’s David Jacobson warns of a potential critical minerals crisis

| The business combination will create leading gold miner in B.C.

INTERVIEW

| Collaboration and investment

required to address supply issues

BY DANIEL SEKULICH

O Pretium Resources’ Brucejack mine in British Columbia. PRETIUM RESOURCES

A

BY AMANDA STUTT

ustralia’s Newcrest Mining (TSX: NCM; ASX: NCM) has entered into an agreement to acquire all of the outstanding common shares of Canada’s Pretium Resources (TSX: PVG, NYSE: PVG) it does not already own in a deal that values the Canadian miner at $3.5 billion.

Pretium is the owner of the Brucejack underground gold mine in the highly prospective Golden Triangle region of northwestern British Columbia. The mine is about 140 km from Newcrest’s majority-owned and operated Red Chris mine, located on Tahltan territory.

Newcrest will become the operator and 100% owner of Brucejack following completion of the transaction, which is currently targeted for the first quarter of calendar 2022.

Pretium’s board of directors has unanimously recommended shareholders vote in favour of the transaction and have entered into voting support agreements with respect to all of the Pretium shares that they control.

Under the deal, Pretium shareholders will have the option to receive $18.50 per Pretium share in cash or 0.8084 Newcrest share per Pretium share. For those who do not elect cash or Newcrest shares, the default consideration will be $9.25 per Pretium share in cash and 0.4042 Newcrest share per Pretium share.

The transaction price represents a premium of 23% and 29% to the closing price and the 20-day volume weighted average price (VWAP), respectively, of Pretium’s shares on

the TSX as of November 8.

Last month, Pretium made a new high-grade gold discovery at the Golden Marmot zone on the Brucejack property, located roughly 3.5 km north of its Valley of the Kings deposit.

The company said it had received assays for the first nine drill holes, eight of which intersected gold with a highlight of 53.5 metres grading 72.5 grams gold per tonne including 50 cm grading 6,700 grams gold per tonne and 3,990 grams silver per tonne.

Brucejack began commercial production in July 2017 and is one of the highest-grade gold mines in the world.

According to a technical report in March 2020, the mine will produce about 311,000 oz. of gold a year at an all-in sustaining cost of US$743 per oz. over a 13-year mine life.

Brucejack and surrounding tenements are within the traditional territories of the Tsetsaut Skii km Lax Ha (TSKLH) and Tahltan Nation, and in the Nass Area of Nisga’a Nation as defined in the Nisga’a final agreement.

“We are delighted to be expanding our presence in this highly prospective region in British Columbia.

Brucejack is a Tier 1 mine in a Tier 1 jurisdiction and will deliver immediate production, free cash flow and earnings diversification to Newcrest and will fit seamlessly into our longlife, low-cost portfolio,” Newcrest CEO Sandeep Biswas said in a media release.

“The combination of Newcrest and Pretivm will create the leading gold miner in British Columbia’s Golden Triangle, operating both the Brucejack and Red Chris mines,” Biswas said.

Currently, Newcrest has about a 4.8% stake in Pretium.

Kevin MacKenzie of Canaccord Genuity said he does not expect a competing bid for Pretium. “We note that there may be some speculation that Barrick Gold would be interested based on ongoing commentary related to acquiring a Canadian asset,” the mining analyst commented in a research note. “That said, we find this to be a difficult prospect given that Pretium’s Brucejack mine is not a Tier 1 asset per Barrick’s definition, nor would we expect to see Barrick bid up a premium given its focus on at-market deals for operating assets.”

He also noted that his outlook on the transaction was largely neutral.

“We have long since said that Pretium’s single asset, Brucejack mine, would be better housed within a senior producer where (1) the portfolio effect would buffer quarter-toquarter noise related to the deposit’s nuggety nature, and (2) the opportunity would exist to recapitalize/ scope the project from the foundation up,” he wrote. “That said, some investors may have been looking for the recently appointed management team (early mid-2020) to reposition/ optimize the asset prior to selling.

To this end, we note that the new management team did a good job in stabilizing operations and achieving guidance, but had yet to further optimize the asset given the ongoing focus on underground development and expanding the stope inventory.”

MacKenzie noted that the deal, “along with other recent transactions, further underscores British Columbia as a preferred M&A jurisdiction.” TNM

ne of the unexpected repercussions caused by the Covid19 pandemic was the impact it had on global supply chains, pushing up the price of commodities and resources across the board, including within the mining industry. The cracks in the supply chains also highlighted broader geopolitical issues affecting world economies, including the reliance on limited sources of extracting certain minerals and refining them. And at the top of the list of commodities deemed of strategic importance are critical minerals.

With most of the critical minerals being produced and refined in a handful of countries, including China, Indonesia and the Democratic Republic of the Congo, governments and industries in Canada and the United States have become more active in seeking to secure a more stable North American supply chain.

One of those who has been a vocal proponent of creating a stronger critical minerals supply chain between the two countries is David Jacobson, vice chair of BMO Financial Group and the former U.S. Ambassador to Canada in President Barack Obama’s first term (2009-2013). Ambassador Jacobson spoke to The Northern Miner about challenges, opportunities and the potential for a critical minerals crisis.

THE NORTHERN MINER: Why do you think it’s important for Canada and the U.S. to address the critical minerals issue? n

DAVID JACOBSON: Well, I think that the time is right. You just had an election in Canada, the government in the United States is relatively new, so both sides are still feeling each other out as to how they’re going to relate to one another. This issue is as important as any other we’ve seen since Covid highlighted the impact of disruptions on supply chains. And perhaps the most critical of those supply chains, to coin a phrase, is critical minerals. The computers that we’re talking over, our cell phones, our cars, our batteries, our smart grids that we want to develop, everything makes use of these critical minerals. n

GREENLAND BANS URANIUM MINING / 6

“THERE IS NOT A MORE RELIABLE FOREIGN SOURCE OF SUPPLY FOR CRITICAL MINERALS FOR THE UNITED STATES THAN CANADA.” DAVID JACOBSON VICE CHAIR, BMO FINANCIAL GROUP

The fact of the matter is we don’t make, we don’t mine, and we don’t refine anywhere near enough, between the United States and Canada, for our own uses. And that leaves us open to some places that may not share our values, may not have our best interests at heart, cutting us off [our supplies].

See JACOBSON / 3 PM40069240

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NOVEMBER 22—DECEMBER 5, 2021 / THE NORTHERN MINER

Great Bear’s Dixie project poised to make magic happen SITE VISIT

| A maiden Dixie resource estimate is due out by Q1 2022

BY HENRY LAZENBY

A

RED LAKE, ONTARIO

nticipation is building as Great Bear Resources (TSX: GBR) works feverishly to deliver a maiden resource estimate in the New Year on the Dixie project in northwestern Ontario — one of the most important Canadian gold discoveries in modern history.

Great Bear’s flagship property is the 100%-owned Dixie project, consisting of 9,140 hectares of contiguous claims extending over 22 kilometres.

The project is accessible year-round by highway and is close to significant infrastructure, including paved roads, electricity and a natural gas pipeline provided by the town of Red Lake, about 25 km to the northwest.

From 2017 to 2019, Great Bear’s primary focus was on the Dixie Limb and Hinge zones. This work resulted in discovering the Hinge Zone and several high-grade intercepts being drilled within both targets. The company has also verified the gold continuity in these targets.

The story got fascinating in 2019, when Great Bear made several new high-grade gold discoveries, the BearRimini, Yuma, Auro, Yauro, Viggo and Gap zones. These discovery areas have since been confirmed through drilling to entail a large, continuous zone of gold mineralization, now known as the LP Fault zone.

June marked the second anniversary of the discovery of the LP Fault, which has now been tested with over 400 drill holes.

The Dixie project hosts two main styles of gold mineralization, including high-grade gold in quartz veins and silica-sulphide replacement zones hosted by mafic volcanic rocks and localized near regional-scale D2 fold axes.

According to Great Bear’s president and CEO Chris Taylor, these mineralization styles represent those observed in the Dixie Limb and Hinge zones. They are also typical of the significant mined deposits of the Red Lake district.

The other style of mineralization comprises high-grade disseminated gold with broad moderate to lower grade envelopes that have been drilled along strike for over 4 km in the LP Fault zone.

Taylor explains the high-grade gold mineralization is controlled by structural and geological contacts, and moderate to lower-grade disseminated gold surrounds and flanks the high-grade intervals. The dominant gold-hosting stratigraphy consists of felsic volcanic and sedimentary rocks.

“Great Bear’s 2021 exploration program runs year-round with an annual budget of $45 million to sup-

The late fall view from the Dixie Hinge Zone, looking towards the LP Fault zone in the distance. THE NORTHERN MINER/HENRY LAZENBY

Great Bear Resources president and CEO Chris Taylor holds one of the highest-grade intercepts to date from the LP Fault zone at the company’s Dixie gold project in northwest Ontario.

THE NORTHERN MINER/HENRY LAZENBY

port field exploration on the Dixie project as well at Great Bear’s regional projects, Pakwash, Sobel and Red Lake North,” said Taylor on a recent sponsored site visit.

The main exploration focus remains firmly on the Dixie project.

The work entails infill drilling along the extent of the LP Fault; testing the vertical extents of mineralization

­ ­

­

Great Bear’s geological team orients analysts at one of the few outcrops on the LP Fault at Dixie. THE NORTHERN MINER/HENRY LAZENBY

within the LP Fault, requiring both shallow and deep drilling; testing the regional dimensions of the LP Fault; and investigating high-priority regional targets.

Great Bear has to date, thrown substantial cash at the drilling program. As of Sept. 30, Great Bear has completed 478 drill holes over 235,000 metres into the LP Fault target as part of its 4 km long by a 450-metre-deep grid drill program.

“Over 80% of the company’s drill holes into the LP Fault, Dixie Limb and Hinge zones have been noted to contain visible gold, which mostly occurs as free gold, neither bound to nor within sulphide minerals.

Core logging of oriented drill core has identified over 64,000 structural measurements used for geological interpretation and modelling, and the team has documented the presence of ten rock types on the property,” Taylor said.

In the broader project scale, Great Bear has to date drilled a total of 670 holes over 300,000 metres According to Taylor, the Auro Zone looks to be the ‘honey pot,’ presenting higher-grade upside. Analysts estimate Auro 2 alone could hold between 700,000 to 800,000 ounces gold grading on average 20 grams gold per tonne. “There is nothing in Canada with this ‘horsepower’ based on size,” said Taylor.

In the nine months to September,

Great Bear drilled more than 100,000 metres, which was lower than drilled metres budgeted due to a temporary disruption caused by forest fires close to Red Lake.

In addition to drilling, geology crews undertook summer field exploration activities, including detailed mapping and channel sampling of surface bedrock. The focus for this work includes identifying sites where mineralization from the LP Fault may be exposed at the surface and conducting a detailed structural analysis of outcrops to further understand plunges and trends to mineralization.

Phase 1 drilling was completed in July. The results added mineralization to the LP Fault gold zone at both ends of the drill grid. In the northwest, the company reported highlight intercepts such as 28.18 grams gold per tonne over 4.8 metres within a broader 3.83 grams gold per tonne intercept over 43.1 metres. In the southeast, drilling returned 64.3 grams gold per tonne over 0.55 metre, within 5.9 grams gold per tonne over 8.25 metres. The work also served to confirm the mineralization controls.

The ongoing Phase 2 drill program continues to deliver results. Among the infill portion of the program are intercepts such as 13.1 metres grading 10.5 grams per tonne gold from 313.2 to 326.3 metres depth, including 3.7 metres grading 33.56 grams per tonne.

Shallow drilling has also returned highlight intercepts such as 15.5 metres grading 29.17 grams gold per tonne from 41.8 to 57.3 metres depth, among numerous other interesting intercepts.

Meanwhile, the limited deep drilling has also returned strong gold grades. Deeper drilling holds the potential for underground mine development in the future.

Notably, mineralization intercepted in BR-260 doubled the vertical extent of the LP Fault at depth to about 800 vertical metres.

“Within the LP Fault, detailed geological modelling using lithologies recorded during drill logging, geochemistry, oriented structural data and 3D modelling software has resulted in the interpretation of 23 high-grade gold domains along the 4 kilometres of the central LP Fault zone,” says Taylor.

The size of the LP Fault is something to marvel at. It is already about double the size of Barrick Gold’s (TSX: ABX; NYSE: GOLD) Hemlo mine. According to Taylor, the mineralization is continuous, enough to fit either Central Park in New York or the Canadian Malartic gold mine, Canada’s largest open-pit operation, to fit comfortably inside.

Taylor says the continuity of the mineralization is highly uncharacteristic of the Red Lake mining district.

“We have not hit a dead hole in the LP Fault yet,” he said.

These interpreted high-grade domains are enveloped by and intersect a larger lower-grade bulk tonnage style halo of gold mineralization. “Most drill holes intersect both bulk tonnage mineralization and high-grade domains in the LP Fault,” said Taylor.

On October 25, Great Bear reported on preliminary LP Fault metallurgical tests, confirming that non-refractory, free gold dominates domains tested.

A total of ten one-kilogram representative samples were analyzed at Blue Coast Research, showing the ability to recover a very high percentage of total gold within a four percent range from 95.2% to 99.2%.

While high-grade gold samples recovered the highest percentage of total gold during cyanidation, subgram low-grade gold mineralization achieved high recoveries of greater than 95%. The company has now completed preliminary metallurgical studies on the LP Fault, Dixie Limb and Hinge zones.

The company is working on its first mineral resource estimate modelling of the first 450 metres of mineralization from the surface of the LP Fault, which is expected to be published no later than March 2022.

Phase 2 drilling is now underway and will comprise ongoing expansion drilling of the LP Fault below 450 metres depth and along strike; any additional infill drilling of the upper 450 metres of the LP Fault that may be required after review; expansion and infill drilling of the Hinge, Limb and Arrow zones, and testing new regional targets at the Dixie project.

In addition to Phase 2 drill results and the initial resource statement, deliverables for 2022 include a preliminary economic assessment of the LP Fault zone; and a resource update which will include deeper drill results from the LP Fault, plus first resource estimates for the Dixie Limb and Hinge zones.

Great Bear has about 61.75 million shares out on a fully diluted basis. Shares last traded on the TSX at $22.10, capitalizing the company at $1.3 billion. TNM

GLOBAL MINING NEWS

JACOBSON From 1 TNM: To secure self-sufficiency in critical minerals, what are some of the obstacles that need to be addressed?

n

DJ: Well, I think the first thing that needs to be addressed is recognizing that we have a problem. We tend to worry about the crisis of the moment.

I think people are more worried about the price of used cars at the moment than they are of critical minerals. But we have to recognize that there’s a problem, and we have to have the resolve to address the problem.

Then we need a tremendous amount of investment. Some of it’s going to come from the private sector, some of it’s going to probably come from public money. And we need to think about how we can streamline regulation in a way that makes it easier not just to get the stuff out of the ground, but to refine it, while at the same time not diminishing the health and safety of people in North America. Those are some of [the obstacles]. I’m sure there are others, but those are some of the really key ones. n

TNM: Do you think there’s a need for enhanced collaboration between governments and the private sector when it comes to this issue?

n

DJ: There are very few areas where there isn’t a need for enhanced collaboration between the government and the private sector. And I don’t mean to be flippant about it. This is going to be very expensive. These mines are expensive. The refining facilities are expensive. There is risk, lots of risk that’s associated with this.

And I think that the more cooperation both in terms of money and in terms n

THE NORTHERN MINER / NOVEMBER 22—DECEMBER 5, 2021

of working together on streamlining these processes, the more collaboration that there is the more successful we’re going to be in avoiding what could well be a catastrophe. n

TNM: Do you think the Buy

American policy poses a challenge for the Canadian mining sector?

DJ: Actually, I would say it’s almost the reverse, at least when it comes to critical minerals. The whole idea of Buy American is that President Biden has said that we shouldn’t ask American taxpayers to spend their tax dollars on things that could instead be made here in the United States.

Well, the problem here is we can’t make enough [critical minerals] in the United States. So, we have to get it elsewhere. And one of the things that I think our government has started to recognize, and I think the Canadian government as well, is that you have to get it from reliable sources of supply. And there is not a more reliable foreign source of supply for critical minerals for the United States than Canada. n

TNM: What do Canadians need to understand about our current relationship with the U.S.?

n

DJ: The United States, and this won’t be news to your readers, we’re going through some tough times.

We went through some very difficult times in the last administration.

We are, I think, in a better position, at least from my perspective today than we were then. But we’re not in a good place. And the President, as you’ve seen with respect to what’s going on now on Capitol Hill, with the infrastructure and reconciliation pieces, doesn’t have a lot of room to maneuver. And I think that it is n

important for the Canadian government and the Canadian people to keep in mind with respect to its relationship with the United States.

comes out of the ground. I mean, there are critical mineral mines in North America that ship the raw material overseas so that it can be processed and then sent back here. That doesn’t make a lot of sense to me. And we’re talking about jobs, we’re talking about economic opportunity, we’re talking about prosperity for a long time to come. And so, I think that there’s an enormous opportunity here, but we’ve got to seize it.

TNM: How should the Canadian mining sector approach dealing with the U.S. about critical minerals?

n

DJ: With respect to critical minerals, if there was one thing that I would encourage the Canadian mining sector to focus on, it would be the idea of enhanced sustainability and environmental consciousness. And it’s for a lot of reasons. One is it’s the right thing to do. But the other big reason is that the customers of the Canadian mining sector, whether we’re talking about the end customers, the consumers, or the businesses that buy the stuff, they’re under a lot of pressure to see to it that their suppliers are behaving in an environmentally responsible way.

And not only is it the right thing to do, but it is good business for the Canadian mining sector to be extremely conscious of those sustainability issues and those environmental issues. And that’s not to say that they’re being irresponsible.

But I also think it’s fair to say that they could be more responsible, we all could. And so, if there was one thing that I would encourage the critical minerals piece of the Canadian mining sector to focus on, it would be that.

It’s no secret that a lot of the stuff that makes use of these critical minerals are going to be made in the United States. It’s what we do. We make more [because] we’re a lot bigger economy.

And one of the things that is very, very important for all those manufacturers is to be constantly on guard to make sure that there are sustainable, safe,

3

n

TNM: If we don’t address this supply issue, is there a very real possibility we will face a critical minerals crisis, not unlike the 1973 oil crisis?

n

David Jacobson, vice chair, BMO Financial Group. BMO FINANCIAL GROUP

DJ: Absolutely, positively. Just think of what you do all day long: you get up to look at your cell phone, you sit down in front of your computer, you look at your iPad, you watch your TV, you get in your electric vehicle, whatever you do these are all dependent on critical minerals.

The reason they’re called critical minerals is because they’re critical.

They are critical to the future.

You know, I was reading a piece not too long ago where The Washington Post editorial page was quoted from mid-1973, about three or four months before the Arab oil embargo, making fun of Saudi Arabia for threatening to cut off our energy supplies. Well, three or four months later, they did.

And it only took us 40 years to dig ourselves out of it. And you know, if you liked that, you’ll love it when we run out of critical minerals, or some major suppliers decide to turn off the spigot. We have to address that.

And if we don’t address that, shame on us. TNM n

responsible sources of supply that are available to them. Again, they need to be thinking about Canada in that regard. Canada should be the first place they look.

TNM: What are some of the opportunities for the mining industries in Canada and the U.S. when it comes to bolstering the critical minerals supply chain?

n

DJ: Well, it is an opportunity. The demand for critical minerals is going to go up, probably by an order of magnitude. Over the next decade or so we need an awful lot of batteries for cars, we need an awful lot of copper for better electrical grids, we need an awful lot of all of the rare earths and the critical minerals that go into everything that we use.

The stuff is in the ground here in the United States and Canada. But people have to invest in the mines to get them out. And perhaps more importantly, they have to invest in the refining facilities, once the stuff n

This interview has been edited and condensed.

JOINT VENTURE ARTICLE

Galaxy Broadband partners with OneWeb on satellite communications

BY NORTHERN MINER STAFF

For nearly 30 years, Galaxy Broadband has provided Canadian companies with enterprise satellite broadband and terrestrial wireless connectivity services.

The company “is one of Canada’s largest telecommunications companies, and has positioned itself as a single source for remote communications, high-speed internet, VoIP [Voice over Internet Protocol], and networking solutions,” says Rick Hodgkinson, Galaxy Broadband’s president and CEO. “In today’s world, good connectivity to the internet is critical for any business,” he said. “Mining companies typically operate in remote areas where few, if any, terrestrial connectivity options exist.

These operations can benefit greatly from efficiency gains delivered by new software and systems only made possible through good connectivity.”

Hodgkinson added that Galaxy Broadband has been working with the Canadian mining industry for over ten years, providing “reliable, affordable, and innovative enterprise communications to remote locations where no fibre optic or microwave coverage exists.”

For example, it has worked with Karora Resources’ (TTSX: KRR; US-OTC: KRRGF), then called Royal Nickel Corp., deploying its Smart Site solution to provide a more reliable

satellite link and improved bandwidth control for Karora’s remote mining camp at Salluit in northern Quebec, as well as a VoIP service connecting the company’s offices in Ontario and Quebec. It has also installed its SCOUT technology — a satellite dish with a VoIP phone router and wireless access point — at Agnico Eagle Mines’ (TSC: AEM; NYSE: AEM) Amaruq project in Nunavut.

Galaxy Broadband recently partnered with OneWeb, a U.K.headquartered global communications network powered by a constellation of 688 low Earth orbit (LEO) satellites, to provide the next generation of telecommunications technology for mining companies.

The system is scheduled for launch by the end of the year and will be accessible to miners with operations in Canada’s far north, and then globally in 2022.

According to Hodgkinson, the OneWeb system will help to address the high latency in data transfer, one of the biggest challenges facing mining companies when running software over current satellite links.

“Whereas traditional satellites orbit at around 37,000 kilometres, OneWeb LEO satellites orbit at altitudes as low as 1,200 km, which provides a much lower level of latency when transmitting data.”

The OneWeb system “will be a transformational service, made possible by recent advances in

One Web will have a new 688 LEO satellite constellation providing transformational internet connections to mines everywhere in Canada and around the world. ONEWEB

technology,” he added, “with latencies of less than 70 milliseconds and high-speed downloads of up to 150 megabits per second.” This would allow remote mining operations with limited connectivity to operate with software and applications currently only available to operations with good connectivity.

“The system will open the door to enhanced enterprise resource planning, which touches all aspects of the mine such as procurement, health and safety, and accounting, as well as increased automation at the mine site, with faster connectivity allowing for more operations to be undertaken remotely, reducing the costs of moving staff back and forth

between remote locations,” Hodgkinson said.

The improved connectivity will also allow mining companies to deploy video applications that would help them meet their Environmental, Social, and Governance (ESG) objectives, he noted.

“With the increasing focus on ESG, the ability to share live video feeds with investors from a remote mine is a pretty powerful tool to demonstrate a company’s ESG credentials,” he said. “We’ve also had discussions with companies around sharing their internet access with local communities, which is becoming an increasingly valuable commodity for these communities.”

Hodgkinson noted that the partnership with OneWeb allows Galaxy Broadband “to provide even better support for mining companies, including increased security for their employees and assets, improved data protection, and along with our Smart Site solution, private wireless networks that will enable the Internet of Things applications and enhanced connectivity across mine sites.”

The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by GALAXY BROADBAND and produced in cooperation with The Northern Miner.

Visit www.galaxybroadband.ca for more information.

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ewcrest Mining, Australia’s largest gold producer, will soon become the biggest gold producer in the Canadian province of British Columbia once its $3.5 billion (US$2.8 billion) acquisition of Pretium Resources is completed over the next three or four months. The Aussie gold major already held a 4.85% stake in the Canadian miner before announcing the deal

BY TRISH SAYWELL this week, and it’s the second time Newcrest has planted its corporate flag in Canadian soil. In 2019 the company acquired a 70% stake in the Red Chris mine from Imperial Metals for US$806 million. Red Chris, in northwestern B.C.’s Golden Triangle, is about 140 km from Pretium Resources’ Brucejack mine, which since it began commercial production in mid-2017 has become one of the highest grade operating gold mines in the world.

“As one of the world’s largest gold companies, Newcrest’s presence in the region will ensure that Canada continues to have a meaningful and growing role in global gold production,” Sandeep Biswas, Newcrest’s managing director and CEO, said on a conference call. While that statement might make some of the more patriotic Canadians amongst us wince — Newcrest does bring with it technical expertise on the sometimes nuggety nature of epithermal gold deposits and has a strong balance sheet to boot.

If nothing else, its move on Pretium reinforces the view that northwestern B.C. is a much sought-after and world-class mining jurisdiction. The Pretium acquisition is actually the fourth transaction of significance this year in B.C.’s Golden Triangle. (Earlier this year Newmont acquired GT Gold for $456 million; Yamana Gold took a 6% stake ($21 million) in Ascot Resources; and Hoschschild exercised its option to spend $115 million to earn a 60% stake in Skeena’s Snip project.)

Newcrest’s Canadian operations by the end of this decade will produce a combined 500,000 ounces of gold a year in addition to copper production from Red Chris and silver production from Brucejack. Upon acquisition, around 65% of Newcrest’s proforma gold production will be derived from Canada and Australia. (Of that, Australia will constitute about 49% and Canada 16% on a fiscal year 2021 production profile.)

Newcrest isn’t the only Australian miner with a crush on Canada. In 2020 Evolution Mining acquired Newmont’s Red Lake mine in Ontario for up to US$475 million ($597 million) and earlier this year snapped up Battle North Gold and its Bateman gold project, in the same province, for $343 million (US$273 million). And don’t forget St. Barbara’s $722 million (US$575 million) purchase in 2019 of Atlantic Gold, giving it a gold mine in Nova Scotia.

In terms of pushing the transaction across the finish line, Biswas said he foresees no difficulty in getting government approval under the Investment Canada Act or the Canadian Competition Act. “We’ve already gone through that process with Red Chris before, and obviously were very successful on that, hence we don’t see any issues on both of those fronts.”

On the conference call, Biswas noted that the acquisition provides “immediate operational and financial diversification” in a Tier 1 jurisdiction and is “accretive to us on an EBITDA and cashflow basis.”

The mine adds over 300,000 ounces of gold production annually to the company’s portfolio — or about 15% to 16% of its current production. (In the last calendar year, Brucejack produced 348,000 oz. gold at an all-in sustaining cost of US$981 per ounce and according to Pretium’s latest technical report, the mine is estimated to deliver 311,000 oz. gold at AISCs of US$743 per oz. over its 13-year mine life.)

“Brucejack is an asset we’ve been watching and evaluating for many years now, and I’m delighted that an ore body of this grade and quality, with so much potential, could be a part of our already exceptional asset portfolio,” Biswas said. “We believe this is a world-class mine that is right in our wheelhouse and will be a great addition to our portfolio of Tier One assets.”

“One of the most exciting aspects of the transaction is our expansion in one of the premier gold districts in the world,” he continued. “The region is already home to a number of mines, as well as a number of undeveloped gold and copper-gold resources, which have been discovered over the last ten years or so.”

Biswas emphasized Brucejack’s near-mine and district-scale potential, including a recent discovery at the Golden Marmot zone, about 3.5 km north of the Valley of the Kings’ deposit, where one hole returned 72.5 grams gold per tonne over 53.5 metres, including 6,700 grams gold and 3,990 grams silver over half a metre. “With everything that we know, this will be a much longer mine life than ten years,” Biswas said. “This is the whole point. We see a lot of upside growth both in the Valley of the Kings but also north along strike and the other targets, this is why we’re setting up shop there, because we see this as a district, and also near-mine expansion potential, which will underpin much longer life and future discoveries.”

Biswas also pointed out that the exploration upside has been demonstrated in the drill data. “This isn’t surface geology and coloured charts. The holes are there and they point to a widespread mineralization over almost a four km of strike, with quite a few high potential targets in the middle of it.”

On the resource geology, Biswas said Newcrest had done extensive due diligence, constructed its own models and “our confidence in the geology is very high.” Not only that, he said, but “we understand this ore body like Pretium does because of our experience at Cracow and Gosowong, so we had a very high degree of correlation between our model and what was actually happening with production.”

He also noted that Pretium had done over 200,000 metres of drilling last year and were very focused on grade control measures. By pooling the knowledge of both companies, Biswas said, “we will find a way of debottlenecking and simplifying some of the underground and be able to get higher extraction rates and to utilize the capacity of the mill, which is very well designed, and it’s got more in it than what is being currently treated, and that will add value, and it will bring the unit cost down.” TNM

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THE VIEW FROM ENGLAND COLUMN

| Fuse lit for American ironworkers

BY DR. CHRIS HINDE Special to The Northern Miner

F

riday November 5 saw fireworks on either side of the Atlantic. Just as the big bangs were fading on Guy Fawkes Night in the United Kingdom, rockets were going off in Washington as Congress passed a US$1.0 trillion Infrastructure Investment and Jobs Act. The former is our annual celebration of a failed assassination attempt in 1605, whilst the latter heralds a new era of construction in the United States, and will be an encouragement for ironworkers as the feast days approach for their two patron saints; Eligius and Clement.

Guy Fawkes (1570–1606) was the leading member of a group of English Catholics who plotted to blow up parliament (and King James I) to restore a Catholic monarch to the British throne. On the anniversary of Fawkes’ arrest, his effigy is traditionally burned, accompanied by fireworks.

Explosions of a different kind were detonating in the U.S. House of Representatives when Democrats set aside divisions between progressives and centrists to pass a huge package of improvements in the country’s broadband, highways, bridges and other infrastructure.

The 228-206 vote is a substantial triumph for President Biden, whose administration will now oversee the biggest upgrade of America’s transportation infrastructure in a generation. In a statement, the President said: “Generations from now, people will look back and know this is when America won the economic competition for the 21st Century.”

The vote is likely to increase consumption of iron in the U.S., and comes at an auspicious time of the year for ironworkers, who, unusually, are protected by two saints.

Saint Clement (35–99), whose feast day is November 23, was the third Pope (88–97), and might have known Saint Peter (traditionally considered the first Bishop of Rome and thought to have been crucified

by Emperor Nero in 65). Clement is also author of the oldest document in Christianity (a letter to the Corinthians) after the sacred scriptures themselves. (For centuries only a mutilated copy of this epistle was known, but in 875 a perfect copy was found at Constantinople.)

Saint Clement was exiled by the Romans to the Crimea, where he was condemned to work in the marble quarries. He was subsequently

martyred by being thrown into the Black Sea with an anchor tied round his neck — hence the perhaps unfortunate link with ironworkers (he is also the patron saint of mariners).

A less well known patron saint of ironworkers is Eligius (588–659), who is also the patron saint of goldsmiths,* coin collectors, horses, veterinarians, and the Royal Electrical and Mechanical Engineers (a corps of the British Army). * Goldsmiths in England instead adopted a former Abbot of Glastonbury and Bishop of London, Dunstan (909–988), as their patron saint.

Eligius (feast day December 1) had trained to be a goldsmith but his craftsmanship (and famed honesty) saw him become an advisor to Dagobert I (king of the Franks; 629– 634). On the king’s death, Eligius was appointed Bishop of NoyonTournai, where he worked for 20 years to convert the pagan population of Flanders to Christianity.

Whether prayer helped, or not, American ironworkers needed the new legislation as the country has been consuming far less iron per capita than the global average.

According to the Minerals Education Coalition, the average American born in 2021 will each need almost 3.0 million pounds of minerals, metals and fuels in their lifetime (1,340 tonnes).

Although a lot by global standards, the overall amount is down 7.2% on the calculated lifetime consumption of last year’s American babies, and the iron ore contribution is only 17,068 pounds. (Note also that, year-on-year, the estimated lifetime consumption of coal for American newborns is down 21% at 223,973 pounds.)

If we take the average life-expectancy of an American born this year as 78, and the global population as 7.9 billion, then the world’s annual consumption of iron ore would be only 784 million tonnes if we all consumed at the same average rate as this year’s American babies.

Mined annual production of iron ore (62% Fe) is some 2,300 million tonnes, which means the U.S. has been using far less iron ore per capita than the rest of the world.

President Biden’s fireworks on Guy Fawkes Night have illuminated this shortfall; Clement and Eligius will be pleased. 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 Agnico Eagle Mines. . . . . . . . . . . . . . . . . . . . . . 3,8 Alexco Resources . . . . . . . . . . . . . . . . . . . . . . . . .8 Alphamin Resources . . . . . . . . . . . . . . . . . . . . . . .8 Barrick Gold . . . . . . . . . . . . . . . . . . . . . . . . . 2,8,10 BHP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Blue Moon Metals . . . . . . . . . . . . . . . . . . . . . . . .11 Cameco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Copper Fox Metals . . . . . . . . . . . . . . . . . . . . 11,12 Elevation Gold Mining . . . . . . . . . . . . . . . . . . . .12 Equinox Gold . . . . . . . . . . . . . . . . . . . . . . 10,12,13 Fission Uranium . . . . . . . . . . . . . . . . . . . . . . . . 7,8 Glencore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Global Atomic . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 Great Bear Resources . . . . . . . . . . . . . . . . . . . . . .2 Greenland Minerals. . . . . . . . . . . . . . . . . . . . . . . .6 Hecla Mining . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Hudbay Minerals . . . . . . . . . . . . . . . . . . . . . . 10,11

i-80 Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 Kenmare Resources . . . . . . . . . . . . . . . . . . . . . . . .9 Kirkland Lake Gold . . . . . . . . . . . . . . . . . . . . . . .8 Kore Mining . . . . . . . . . . . . . . . . . . . . . . . . . . 13,14 Laramide Resources . . . . . . . . . . . . . . . . . . . . . .14 New Pacific Metals . . . . . . . . . . . . . . . . . . . . . . . .5 Newcrest Mining . . . . . . . . . . . . . . . . . . . . . . . . 1,8 Pan American Silver . . . . . . . . . . . . . . . . . . . . . . .8 Pretium Resources . . . . . . . . . . . . . . . . . . . . . . . . .1 PYX Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 Southern Empire Resources. . . . . . . . . . . . . 14,15 Stanmore Resources . . . . . . . . . . . . . . . . . . . . . . .8 Steppe Gold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Teck Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Themac Resources Group . . . . . . . . . . . . . . . . .15 Whitehorse Gold . . . . . . . . . . . . . . . . . . . . . . . . 5,6 Woodside Petroleum. . . . . . . . . . . . . . . . . . . . . . .8

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 22—DECEMBER 5, 2021

5

Whitehorse Gold advances Skukum towards a development path SITE VISIT

| Skukum is a high-grade district-scale property in an advanced, brownfield camp

BY HENRY LAZENBY

Y

WHITEHORSE, YUKON

ukon-focused explorer Whitehorse Gold (TSXV: WHG) is making steady progress assessing a development path for its high-grade district-scale Skukum property in an advanced, brownfield camp, 88 km south of Whitehorse.

Led by an experienced management team and board with Kevin Weston as CEO, Whitehorse Gold recently completed a $15.3 million equity financing to fund the 2021 resource expansion and upgrade drill campaign.

“Our core strategy is to convert the existing resources to higherconfidence categories, expand it, potentially make discoveries given the multitude of drill-ready targets on the property, and to figure out a fast track to small-scale production,” Weston tells The Northern Miner on a recent sponsored site visit.

Weston says the company has successfully consolidated the expansive Skukum land package for the first time since its initial discovery over a hundred years ago, giving it a unique opportunity to compile and assess the various historical datasets for discovery potential.

To date, the project has seen significant historical drilling totalling 141,547 metres. The company has made a concerted effort to integrate historical hand-drawn maps and data into the model.

Whitehorse Gold’s genesis dates to February 12, 2020. The company entered into a share exchange agreement with New Pacific Metals Corp.

(TSX: NUAG), under which New Pacific transferred to the company all the issued and outstanding shares in the authorized share structure of Tagish Lake Gold.

The project, formerly known as the Tagish Lake project, covering an area of 170.3 sq. km, is located about 55 km south of Whitehorse by air. The project comprises 1,051 mining claims, of which the company owns 100%.

The Skukum project benefits from excellent accessibility, available infrastructure, medium to high-grade resources in place and compelling exploration potential.

The past-producing Mt. Skukum operations operated from 1986 to 1988 and produced 79,750 ounces of gold from 233,400 tonnes of mined ore.

As a result, the Skukum project benefits from more than 6,000 metres of underground development, a 270 tonne per day mill, supporting facilities, and a 50-person camp.

In addition, the project benefits from an existing resource base at the three core deposit areas — Skukum Creek, Goddell, and Mt. Skukum.

The respective deposits host about 335,611 gold-equivalent ounces at 7.8 grams gold-equivalent per tonne in the indicated category, with another 245,590 ounces grading at 6.9 grams per tonne inferred.

The Skukum Creek deposit is hosted in a Cretaceous granodiorite and consists of multiple mineralized vein zones controlled by northeasttrending structures. Gold is hosted within quartz sulphide veins.

According to Weston, historical and recent drilling indicates that gold grades are increasing at depth.

In 2020, four drill holes totalling 2,091 metres were completed to better define the deeper portion of the Rainbow Zone, validate historical intercepts, and test re-interpreted portions of the deposit.

This drilling returned encouraging

Above: Whitehorse Gold CEO Kevin Weston at the company’s Skukum Creek deposit in the Yukon.

THE NORTHERN MINER/HENRY LAZENBY

Left: The Skukum project benefits from well-developed infrastructure, including the old 270-tonne-per-day mill.

THE NORTHERN MINER/HENRY LAZENBY

intercepts of medium to high-grade gold and indicated that silver could be an essential credit.

The Goddell deposit is hosted in a Cretaceous grano-monzonite and consists of a mineralized alteration zone controlled by an extensive east-west trending structure. Gold is hosted in finely disseminated sulphides. The Goddell resource area remains open at depth and along strike, and the company believes this second-largest deposit of the project holds the most discovery potential.

The Mt. Skukum deposit is hosted in an Eocene andesitic unit and consists of epithermal quartz veins controlled by north-south trending faults.

Gold is hosted in quartz-calciteadularia veins.

In mid-May, Whitehorse Gold closed equity financings that raised net proceeds of about $14.8 million.

The company is putting the money to work in an 18,000-metre drill program to test the depth and strike extent of the mineralized zones at Skukum Creek and the 5 km long Goddell structure to expand and define vein zones at Mt. Skukum.

This was followed in July by receiving a Class 3 Quartz Mining Land Use Approval Permit from the Yukon government, valid for five years. The permit allowed the company to start the current drilling campaign.

In the first half of the year, Whitehorse completed a 1,900-line-kilometre airborne geophysical survey over the project. The results are expected to provide data for new target generation.

The 2021 surface exploration, mapping and sampling program has also been completed. The purpose of the surface exploration was to identify new zones of gold mineralization.

These results are expected to guide future exploration programs and develop a ranked pipeline of targets.

In September, the company reported drill results from six holes drilled in the upper portion of the Rainbow zone, which is part of the Skukum Creek deposit. Skukum Creek is the largest of the three deposits.

The holes were drilled to infill a portion of the deposit where the previous drilling was wide-spaced (more than 50 metre spacing). The results from infill holes should help upgrade the near-surface part of the resource for Skukum Creek.

All holes encountered gold and silver mineralization. Highlights include 8.6 grams per tonne gold-

equivalent over 6.2 metres starting from 146.2 metres depth, including 22.1 grams per tonne gold-equivalent over 2.2 metres in hole SC21-008, and 16.5 grams per tonne gold-equivalent over 2.25 metres from 124.75

metres depth in hole SC21-009.

Early in October, the company reported bonanza-grade gold and silver results from a step-out drill hole. Drill hole SC21-015 intersected a 4.2-metre interval (starting from

239.34 metres) grading 32 grams per tonne gold-equivalent, including a 3.2-metre interval of 38.9 grams per tonne gold-equivalent in the Rainbow See WHITEHORSE GOLD / 6

ONYEN ESG Reporting Software

ONYEN ESG Reporting Software

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NOVEMBER 22—DECEMBER 5, 2021 / THE NORTHERN MINER

Steppe Gold secures US$65M to fast-track ATO Phase 2 build MONGOLIA

Drillers at the Sorensen deposit, part of Greenland Minerals’ Kvanefjeld REE-uranium project on the southwest coast of Greenland. GREENLAND MINERALS

| Expansion would generate

an additional 300 jobs at the project

Greenland bans uranium mining REGULATORY

Phase 2 construction at the ATO gold-silver mine in Mongolia. STEPPE GOLD

S The crusher, stockpile and cell on the heap-leach pad at Steppe Gold’s Altan Tsagaan Ovoo gold-silver project in eastern Mongolia, in 2018. STEPPE GOLD

S

BY HENRY LAZENBY

teppe Gold (TSX: STGO; USOTC: STPGF) has secured an investment of US$65 million in debt to fast-track its Phase 2 construction of the Altan Tsagaan Ovoo (ATO) gold and silver project in Mongolia.

In a news release, the Mongoliabased precious metals company said that of the total US$65 million in loans, US$59.7 million has been funded through the Gold-2 National Program, facilitated through the Central Bank of Mongolia. The 2021 Gold-2 Loan proceeds were advanced during the third quarter to Steppe Gold by Mongolia’s Trade and Development Bank (TDBM).

The 2021 Gold-2 Loan entails a special purpose covenant-light loan, with a three-year term at 9% interest and full prepayment rights without penalty.

Steppe Gold also announced that it reached an agreement for an additional US$5 million for allocation to working capital to be funded directly from TDBM in the form of a prepaid gold sales loan. The TDBM gold loan will be repaid over 12 months based on gold sales, with repayments in cash equivalent at MongolBank gold prices.

“Following on the recent completion of the feasibility study for the Phase 2 expansion of the ATO gold mine, we are now very proud to announce this landmark US$65 million financing package,” said Bataa Tumur-Ochir, Steppe Gold’s CEO. Steppe Gold said that the Phase 2 expansion would generate an additional 300 jobs and further solidify its role as one of the largest investors and employers in the region. The Phase 2 expansion has all major permits to fast-track the development and construction of the expanded crushing circuit.

While Steppe Gold faced significant headwinds from the Covid-19 lockdowns in Mongolia, including border closures and supply chain issues, the company continued fullscale mining and stacking operations in 2021.

As of November 1, the company has a total of over 2.2 million tonnes of ore stacked on the leach and runof-mine pads, with about 45,000 ounces of gold recoverable in the short term.

Steppe Gold said that it believes 2022 will be the year of “rapid growth and expansion with full production and further financing” for the Phase 2 expansion project.

The company recently released a feasibility study on the ATO project, outlining a further two years at the producing oxide phase and a 10.5-year expansion that is already underway.

The study underpins 106,000 ounces of gold-equivalent in years one through five, at capital expenditures of US$128 million. Average site all-in sustaining costs have been pegged at US$853 per goldequivalent oz., with solid plans to optimize, notably with grid power.

Using a 5% discount, the study calculated an NPV of US$320 million with an IRR of 109% on a pre-tax basis. After-tax, the figures remain robust at an NPV of US$232 million, and an IRR of 67%, driven by rapid payback of three years from the initial capital outlay.

The expansion is expected to deliver total gross revenue of US$1.72 billion and an EBITDA of US$584 million over 12.5 years, with the first concentrate production expected in the fourth quarter of 2023.

Earlier this year, Steppe Gold published a new resource at the ATO mine, doubling it from 1.22 million gold-equivalent oz. to 2.45 million.

The updated ATO resource includes 41.6 million tonnes of measured and indicated resources grading 1.67 grams gold-equivalent per tonne, containing 2.24 million gold-equivalent oz., comprising 1.39 million ounces of gold 20.48 million ounces of silver.

At presstime, Steppe Gold was trading at $1.39 within a 52-week range of $1.19 and $2.67. The company has 63 million common shares outstanding for a market cap of $88 million. TNM

| Bill could block Kvanefjeld rare earths project

BY CECILIA JAMASMIE

hares in Greenland Minerals (ASX: GGG) fell almost 30% to 8.8 Australian cents as the company resumed trading on November 12 following the Greenland government’s decision earlier in the week to ban uranium mining and exploration.

The parliament decision around production of the radioactive metal effectively blocked the development of the company’s vast Kvanefjeld rare earths project, one of the world’s biggest, which would produce uranium as a by-product.

Greenland Minerals has previously said that while uranium was not of great economic significance to its project, revenues generated by the metal and other by-products would help offset rare earth production costs.

The company told shareholders on November 12 that it is now seeking advice on how the new legislation would impact the proposed development strategy for its Kvanefjeld project.

It noted the ban would hamper exploration and production of key critical metals, including rare earths, which the world needs to switch to a greener economy and reduce carbon emissions.

“There are no active primary uranium projects in Greenland. Therefore, the legislation is directed at the production of rare earth materials and other critical metals, where it is common for ores to contain radioactive elements including uranium and thorium,” the company said in a statement.

It added that an independent

WHITEHORSE GOLD From 5

2 Zone. The hole also intersected a 2.4-metre interval grading 11.6 grams per tonne gold-equivalent.

It represents a 150-metre step-out up-dip from historic drill holes, representing a significant extension of the Rainbow 2 Zone, one of four zones that constitute the Skukum Creek deposit.

“Hole SC21-015 has returned the highest-grade gold intervals to date from our drill program and shows potential for higher grades and resource expansion at the Skukum gold project,” says Weston. “With results now released for seven drill holes, we look forward to announcing results from the remaining 37 holes over the coming months and are excited by the potential to advance the project towards a development path.”

Beyond the three critical areas within the Skukum project that host resource estimates, Whitehorse Gold has identified more than 20 highpriority regional exploration targets

radiological assessment of the project had concluded it was expected to release “only small amounts” of additional radioactivity to the environment, and was not expected to result in an adverse effect, or significant harm, to the region.

The new law bans exploration of deposits with a uranium concentration higher than 100 parts per million (ppm), which is considered very low-grade by the World Nuclear Association.

“The company is not aware of any technical, radiological, or health and safety reasons why the Greenland government has selected a threshold level of 100 ppm uranium for the legislation,” Greenland Minerals said.

The company’s shares were placed in a trading halt on the Australian Securities Exchange on November 10. After resuming trading, they closed 29.6% lower on November 12, leaving the company with a market capitalization of A$168 million (US$123 million).

The stock has lost 52% of its value since April 6, when a coalition government, which consists of the Inuit Ataqatigiit (IA) and Naleraq parties, won the parliamentary election.

Greenland, a vast autonomous arctic territory that belongs to Denmark, bases its economy on fishing and subsidies from the Danish government.

As a result of melting ice in the poles, miners have become increasingly interested in the mineral-rich island, which has become a hot prospect for miners. They are seeking anything from copper and titanium to platinum and rare earths, which are needed for electric vehicle motors and the so-called green revolution.

Residents of the southern town of

Narsaq, the closest village to Green Minerals’ project, have raised concerns about the impact that mining, and potential radioactive dust, would have on the area.

The community, already suffering the effects of climate change, doesn’t want to endure additional challenges so that the rest of the world can drive electric cars, local activist Mariane Paviasen, who ran for parliament under IA, told The New York Times in October.

Greenland is currently home to two mines: one for anorthosite, whose deposits contain titanium, and one for rubies and pink sapphires.

Before the April election, the island had issued several exploration and mining licenses in a bid to diversify its economy and eventually realize its long-term goal of independence from Denmark.

The U.S. government recently extended an economic aid package to Greenland as part of President Biden administration’s efforts to ensure the supply of critical minerals, particularly rare earths, from outside China.

Former U.S. president Donald Trump offered to buy the Arctic island to help address Chinese dominance of the rare earths market.

China accounts for almost 80% of the global mined supply of the elements used in everything from hi-tech electronics to military equipment.

Greenland Minerals, while based in Australia, is a Chinese-owned exploration company. Shenghe Resources Holding, its largest shareholder, would process the ore extracted. TNM

within the district-scale property area. Most of these are vein sets identified within the last 40 years, with varying levels of completed followup work. Other regional property targets will also be prioritized and explored.

“The project has never been regionally explored, nor has any modern technologies been applied.

We certainly have no shortage of good-quality exploration targets,” says Weston.

Weston says the company enjoys strong support from the Carcross/ Tagish First Nation. “Whitehorse Gold values its mutually beneficial relationship with the Carcross/ Tagish First Nation, and we acknowledged the significance of this relationship when we announced the ability to accelerate the permitting timeline to secure a Class 3 Permit,” he says.

The company continues its 18,000 metre drill program with three rigs on site, and this program is focused on infilling and expanding the three

known deposits.

“Whitehorse is still in the early development stage of exploration and in our view holds great potential, especially when compared to its peers,” said Timothy Lee, mining analyst with Red Cloud Securities, in a recent research note.

In July, Laurentian Bank Securities analyst Jacques Wortman initiated coverage of the company with a ‘buy’ recommendation and a target price of $2.20. “However, we do recognize that a key risk to our target and recommendation is the geological complexity of the camp, which will require time to validate,” he said in a research note at the time.

The company has about 67.1 million shares outstanding on a fully diluted basis, and as of the end of October, had about $8 million in cash in hand.

At 61c apiece at press time, Whitehorse Gold shares are trading almost 13% lower over the past 12-month period, capitalizing it at $32.13 million. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 22—DECEMBER 5, 2021

7

Tantalum supply and demand after the pandemic ANALYSIS

| Electronic capacitors remain single-largest market for the metal

BY PATRICK STRATTON AND ANDREW MATHESON, CPM GROUP

W

hile the world slowly returns to some form of post-Covid normality, the tantalum industry is transitioning to an entirely new normality, one where reliability, stability and transparency are replacing the traditional volatility, uncertainty and opacity, which is likely to stimulate long-term growth in demand.

Electronic capacitors remain the largest single market for tantalum, despite having lost share over the past two decades to alternatives based on aluminium and ceramics. This erosion was the result of severe volatility in tantalum prices, justified worries about the availability of supply, and mounting concern over ethical sourcing. It would not be unreasonable to describe tantalum capacitors as the capacitors of last resort, used only when necessary. In addition, innovation enabled the production of smaller tantalum capacitors, reducing the tantalum content of the average capacitor. Today, however, while miniaturisation is set to continue, tantalum is poised to regain market share owing to changes in capacitor de-rating stemming in part from hard work by the industry, and in part from the performance advantages brought by the use of conductive polymer cathodes.

What’s more, 5G systems hardware and electric vehicles both constitute markets where tantalum’s durability, robustness and reliability are likely to expand the use of tantalum capacitors. All in all, we expect tantalum metal demand in capacitors to increase somewhat faster than global GDP growth over the next several years at least.

Semiconductors are another electronics market with growth prospects higher than those for global GDP. Here tantalum is an essential com-

Drill core at Commerce Resources’ Blue River tantalum-niobium project, 250 km north of Kamloops, B.C. COMMERCE RESOURCES

ponent of computer chips — tantalum serves as an insulating layer for the copper wiring structure (the interconnect) that links together the transistors inside the chip. Computer chips would not work without tantalum. The same sputtering deposition technology continues to be used thanks to two decades of continuous process improvements. While in the medium-term copper is likely to be phased out as wiring diameters approach closer to 1 nanometer, the increase in interconnect layers and the extension of copper-tantalum technology to chip packaging imply sustained above-GDP growth for tantalum in this critical application.

The situation is a little less clear in the telecommunications market. Alongside tantalum capacitors, lithium tantalate (LTA) provides frequency-filtering capability to RF antennas. LTA is an electroactive crystal and can be used to tune antennas to transmit and receive only in specified frequency ranges. However, LTA is limited to network frequencies below about 2.5GHz, whereas 5G networks typically operate at or above 3GHz (with wide global variation).

Nevertheless, 5G handsets also need 4G connectivity (5G is rangelimited and likely will remain an urban network service for many years) so LTA will still see ubiquitous usage. And in the still-fluid RF filter market for higher-frequency 5G, tantalum oxide may find a role in the filter devices of the future.

Clearly, 5G will have an impact on demand growth, but for LTA we expect growth to remain close to global GDP growth.

Tantalum is a critical metal for high-temperature nickel superalloys, especially those deployed in the hot zones of jet engines. Tantalum frequently makes up about 5% by weight in these alloys and is added to provide stability to turbine blades at high temperatures. Needless to say, tantalum demand was severely curtailed as air travel almost halted in 2020 under Covid restrictions.

Demand remained depressed in the first part of 2021, but in the second half of the year we have seen sustained recovery to a run-rate above 50% of pre-pandemic demand, with industry expecting further firm recovery in 2022. Our view is that demand

growth will return to pre-pandemic rates, somewhat above global GDP, although significant restrictions on air travel could come out of climate change policies.

Elsewhere on the demand side, the supply chain havoc caused by Covid together with global trade and security tensions (not to mention the Suez Canal debacle) mean that industry supply chains are certain to reshape, with more production being localised or re-shored. Tantalum is used in many harsh chemical environments thanks to its excellent resistance to mineral acids and high temperatures, thus re-shoring bodes well for tantalum demand growth in chemical processing equipment. We see demand growth here at close to or slightly above global GDP growth.

Turning to the supply side, during 2020 raw material prices slipped to their lowest levels in a decade as Covid hit production of goods containing tantalum. The trend reversed in 2021, with spot prices climbing 50% from their January lows by mid-year. Prices have slipped back a little since then, but for now appear steady at a level well above those of late 2020.

Production has held steady in central Africa, currently the world’s most significant producing region. Unfortunately, this year’s UN report on the trade in conflict tantalum recorded continuing dubious and concerning practices, including a substantial apparent volume of smuggling of tantalum from the DRC into Rwanda and re-labelling as Rwandese ore.

This is a situation that will not go unnoticed by major consumers and could potentially create pressure on supply from the region until compliance and traceability improve.

Even before Covid, the lithium industry was in the doldrums as battery makers worked through the glut of lithium procured through 2018.

Since Australian hard-rock lithium mines are also a source of tantalum

by-product, tantalum output in Australia was also hit hard. Now, however, the lithium industry is enjoying a resurgence. The recently announced restart of the Wodgina mine in Australia in 2022 is emblematic of the turnaround.

Expansions in lithium output will bring large increases in tantalum mineral production. Outside of Australia, we project lithium-driven tantalum supply to expand considerably in Brazil and Mozambique within the next few years. Current regional supply shares, at approximately 60% for Africa as a whole, 25% for South America, and 15% for the rest of the world (mainly Australia and China) are going to change substantially.

Lithium’s growth will bring something else to the tantalum industry: Stability. Unless something dramatic happens, vehicle electrification is here to stay and so is lithium. Tantalum supply will increasingly behave as a stable, predictable thing, ending the profound volatility of the past. Predictable supply from a stable jurisdiction is going to fuel further growth in tantalum demand as the perceived supply, ESG reputational, and price risks inherent in the metal diminish over time.

Thanks to lithium-ion battery demand, tantalum supply is poised to grow strongly over the coming years, just as demand also looks set to climb on a sustained basis. Our view is that on balance supply is likely to outgrow demand, although the impact of a stable and secure supply on future demand should not be overlooked and could potentially spur faster growth in demand. TNM CPM has initiated tantalum research and consulting services to the suite of commodities it covers. For information on CPM’s tantalum research and consulting services go to: info@cpmgroup.com.

Fission Uranium advances PLS feasibility study URANIUM

| Ross McElroy says the work required for the PLS feasibility study is off to a strong start

BY HENRY LAZENBY

W

ith the recent completion

by Fission Uranium (TSX: FCU; US-OTC: FUCCF) of a 72-hole geotechnical summer program at the flagship Patterson Lake South (PLS) project in Saskatchewan, on schedule and with all goals successfully met, president and CEO Ross McElroy tells The Northern Miner the work required to complete a feasibility study is off to a “very strong start.”

The Kelowna, British Columbiabased company’s core project hosts the Triple R deposit. This large, highgrade and near-surface uranium deposit occurs within a 3.18-km mineralized trend along the Patterson Lake Conductive Corridor.

The property comprises 17 contiguous claims totalling 31,039 hectares.

It is geographically in the southwest margin of Saskatchewan’s Athabasca Basin, notable for hosting the highestgrade uranium deposits and operating mines globally. The deposit has one of the largest lateral mineralized footprints of comparable deposits in the storied Athabasca Basin region and remains open in multiple directions.

In 2019, Fission completed first a hybrid open-pit and underground development scenario and followed up with an underground-only prefeasibility study. “While both mining studies showed positive outcomes,

the results of the underground-only study showed stronger merits in most measurable criteria,” McElroy says in an interview.

With the completion of the prefeasibility studies, the next significant steps for the PLS project are to complete a feasibility study, embark on the environmental assessment (EA) phase, and advance permitting, environmental and social governance activities, including signing engagement and capacity funding agreements with key impacted rights-holders.

The underground prefeasibility study recommended that the company advance the PLS project to a feasibility study, for which the company began fieldwork during June.

McElroy says the feasibility work kicked off with Phase 1, comprising extensive data collection using drilling and other fieldwork. The feasibility study follows the results of the company’s prefeasibility study detailing an underground-only mining scenario, which has outlined the potential for PLS to be one of the lowest operating cost uranium mines in the world.

Phase 1 work is expected to be completed in the second quarter of 2022. Concurrent with Phase 1 fieldwork, a 25-hole core drill program targeted the R840W zone, started in mid-June. The R840W drill program aims to upgrade the majority of the R840W resource to the indicated category, which would potentially

be included in the resource model used for the feasibility study. In September, the company announced it had appointed Tetra Tech Canada as the lead consultant for the feasibility study.

“The feasibility study’s second phase entails mine design, drawing upon data collected from Phase 1 to refine further the design of the underground mine, surface infrastructure plans and the tailings management facility. More detailed plans for Phase 2 will be announced soon,” says McElroy.

Fission has enjoyed continuous exploration and development success over the past seven years, which has enabled the company to fund its operations through share equity financing in a difficult uranium sector and challenging capital market environment for mineral exploration companies.

The uranium mineralization of the Triple R deposit at PLS occurs within the Patterson Lake Conductive Corridor. It has been traced by core drilling over about 3.18 kilometres of east-west strike length in five separated mineralized zones, which collectively make up the Triple R deposit.

From west to east, these zones are R1515W, R840W, R00E, R780E and R1620E. McElroy says Triple R has over the years evolved into a large, near-surface, basement hosted,

structurally controlled high-grade uranium deposit.

The discovery hole (PLS12-022) was announced on November 5, 2012, from what is now referred to as the R00E zone.

The R1515W, R840W and R00E zones make up the western region of the Triple R deposit and are on land, where overburden thickness is generally between 55 to 100 metres.

R1515W is the western-most of the

zones and is drill defined to about 90 metres in strike length, about 68 metres across strike and about 220 metres vertical and where mineralization remains open in several directions.

The R840W is about 515 metres to the east along strike of R1515W and has a drill-defined strike length of about 430 metres. R00E is about See FISSION URANIUM / 16

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NOVEMBER 22—DECEMBER 5, 2021 / THE NORTHERN MINER

8

Mining industry needs to ramp up capex

BHP sheds Australian coal assets in US$1.35B deal COAL

| Company sharpens focus on higher quality metallurgical coal

REPORT

| “Operators are underspending

massively,” BofA research states

BY NAIMUL KARIM

T A bucket-wheel excavator at BHP Billiton’s Klipspruit thermal coal mine in South Africa, in 2014. BHP BILLITON

B

BY CECILIA JAMASMIE

HP (NYSE: BHP: LSE: BHP; ASX: BHP) has inked a deal to divest up to US$1.35 billion in metallurgical coal assets in Australia, as part of the world’s largest miner ongoing retreat from fossil fuels.

The company is selling its 80% stake in BHP Mitsui Coal, or BMC, which operates the South Walker Creek and Poitrel coking coal mines in Queensland, to junior Stanmore Resources (ASX: SMR). The remaining stake in the joint venture is owned by Japan’s Mitsui.

The deal includes US$1.1 billion cash on completion, US$100 million in cash six months later and a possible up-to US$150 million payout in the 2024 calendar year linked to prices. The agreement, excluding the potential price-linked payment, represents an enterprise value-to-EBITDA multiple of 6.9 times, BHP said.

Stanmore Resources, which is developing its Isaac Downs coking coal project in the Bowen Basin, said in a separate statement that it intended to fund the acquisition with a US$625 million debt facility and a US$600 million equity raising.

If the acquisition of BHP’s stake

in BMC is approved, Stanmore — majority owned by Singapore-listed Golden Energy and Resources — will become a significant force in the Australian coal industry.

“As the world decarbonizes, BHP is sharpening its focus on producing higher quality metallurgical coal sought after by global steelmakers to help increase efficiency and lower emissions,” said Edgar Basto, head of BHP’s Minerals Australia business.

BHP put its stake in BMC up for grabs last year, when it also announced plans to exit thermal coal. Since then, it has also sold its stake in the Cerrejón coal mine in Colombia to Glencore (LSE: GLEN) and announced plans to merge its oil and gas assets with Australia’s Woodside Petroleum (ASX: WPL), which completed in August.

The global miner’s decision to exit coal “was not any push towards becoming fossil-fuel free,” CEO Mike Henry said at the group’s annual meeting in London last month. “It was simply a cold-eyes assessment of how those commodities fit with the BHP portfolio.”

BHP remains Australia’s largest producer and exporter of metallurgical coal as an equal partner in a separate alliance (BMA) with

Mitsubishi Corporation. That joint venture operates seven mines and owns and operates the Hay Point Coal Terminal in Australia, one of the world’s largest coal-export ports.

In 2019, BHP committed US$400 million over five years to reduce greenhouse gas emissions from its operations and mined commodities. It has also vowed to reduce its Scope 3 emissions — those generated by customers using the company’s commodities — which are 40 times greater than those generated by its mines and oilfields.

Steel is an important component in many of the products driving the decarbonization process, but its production accounts for as much as 10% of global greenhouse gas emissions — and about 75% of BHP’s Scope 3 emissions.

The company is working with industry giants, including China Baowu Steel and Japan’s JFE Steel on ways to reduce manufacturers’ carbon footprint.

It has also earmarked a further US$75 million to partnerships focused on steel decarbonization with four of its major steelmaking customers, but warned the road to the sector’s net zero emissions remains uncertain. TNM

Special to The Northern Miner

he global mining industry may need to nearly double its annual capital expenditure (capex) if the world is to cut its climate-changing carbon pollution to net zero by 2050, according to a new study released by BofA Global Research, a unit of the Bank of America.

To meet the demand and prevent bottlenecks to net zero, the global mining sector needs to spend an additional US$72 billion annually till 2030 to boost its capacity.

This excludes its current average annual capex of US$99.5 billion, which includes spending on iron ore and coal and does not necessarily include investment to support de-carbonization.

“As such, operators are underspending massively,” the study says.

“Working some of the IEA’s (International Energy Agency) Net Zero assumptions into our metals demand models, we calculate CAGR (compound annual growth rate) in consumption of 3.6%, 24.6%, 7.6%, 18%, 2.5% and 3.3% for copper, lithium, nickel, cobalt, silver and platinum respectively,” it stated.

The annual demand for lithium, used in the lithium-ion batteries that drive electric cars, for instance, could grow by nearly 25% by 2030, from about 390 kilotons to 3 megatons, according to the report.

The global mining industry faces the unique challenge of producing more metals while reducing its carbon emissions. Currently the sector is responsible for 4-7% of greenhouse-gas emissions globally, according to McKinsey.

Activists though are worried that if left unmonitored, the large-scale increase in production could hurt the environment and worsen carbon emissions.

But the report’s authors don’t see an easy way out.

“To some extent, there is one bullet the world has to bite. If consumers want a modern lifestyle, some emissions will come through,” Michael Widmer, Head of Metals Research at Bank of America and one of the report’s authors, told the Northern Miner.

“Those emissions can be lowered,” Widmer added. “Even if metals are beneficial to implementing lower emission technologies, miners can still improve their carbon footprint.”

Last month, the world’s top miners from the International Council on Mining and Metals, which includes Canadian companies Barrick Gold (TSX: ABX; NYSE: GOLD), Teck Resources (TSX: TECK.A/B; NYSE: TECK) and Newcrest Mining (TSX: NCM; ASX: NCM ) committed to a goal of net zero by 2050.

The announcement was made ahead of the United Nations’ COP26, where more than 200 countries gathered to work on strategies to reduce carbon emissions and keep global temperatures within 2 degrees Celsius above preindustrial times.

The BofA study further states that based on the IEA’s scenarios “electrified vehicles should account for 64% of car sales by 2030.”

“This is well above our assumption of a 31% penetration rate that we currently factor into our supply and demand models,” reported the study.

When asked about the inclusion of recycled materials to meet this rising demand, Widmer said it will be challenging.

“It is going to be hard because demand will grow exponentially initially and all products have a lifetime, so it will take time before they feed back into the economy,” he said.

“By 2050, some of the markets, e.g. electric vehicles, (will be) mature enough for recycling to be meaningful.” TNM

Top 10 mines with world’s most valuable ore RANKED

I

BY AMANDA STUTT

n mining, grade is king. Across the commodity spectrum, some of the most anticipated results — which can determine the scope of a mining project — are assay values from drill testing.

As one of mining’s most influential figures, Robert Friedland, sums it up, “Mining 101. High grade is good. Low grade is bad.”

“The higher the grade, the smaller the environmental footprint,” Friedland has said. “The higher the grade, the smaller the plant; the less the electrical consumption, the smaller the labour force, the smaller the tailings pond, the less the global warming gas per unit of metal produced.”

The value of the ore is calculated by multiplying the contained metals and minerals per tonne in the proven and probable reserves by the ruling price for the commodities.

Silver and gold shine on the top ten list of mines with the most valuable ore, compiled with data provided by our sister company Miningintelligence.

Top listed uranium producer Cam-

Operation

Country

1 Cigar Lake

Canada

| Grade is the kingmaker Major Owner/s

Primary Metal

Ore Tonnage Reserve Reserves (Mt) Value Value ($/t) (Sbn)

Cameco/Orano

U308

9,105

0.47

4.30

2 Cap-Oeste Sur Este Argentina

Pan American Silver

Ag

1,607

0.04

0.06

3 Bisie

Dem. Republic of the Congo

Alphamin Resources

Sn

1,561

3.33

5.20

4 Bellekeno

Canada

Alexco Resource Corp

Ag

1,315

0.01

0.02

5 Macassa

Canada

Kirkland Lake

Au

1,121

3.84

4.30

6 Fosterville

Australia

Kirkland Lake

Au

915

5.95

5.45

7 Shaimerden

Kazakhstan

Glencore

Zn

875

1.20

1.05

8 Flame & Moth*

Canada

Alexco Resource Corp

Ag

847

0.72

0.61

9 Greens Creek

United States

Hecla Mining

Ag, Zn

845

8.14

6.88

10 Spotted Quoll

Australia

Western Areas

Ni

821

1.60

1.31

Source: Miningintelligence *This mine is in construction

data eco’s (TSX: CCO; NYSE: CCJ) Cigar Lake uranium mine in Canada’s Saskatchewan province takes top spot with ore reserves valued at US$9,105 per tonne, totaling US$4.3 billion.

After a six-month pandemic induced halt, Cameco restarted operations at Cigar Lake in April.

Pan American Silver’s (TSX:

PAAS; NASDAQ: PAAS) Cap-Oeste Sur Este (COSE) mine in Argentina is in second place, with ore reserves valued at US$1,606 per tonne, totaling US$60 million.

In third place is Alphamin Resources’ (TSXV: AFM) Bisie tin mine in the Democratic Republic of the Congo, which saw record pro-

duction in Q420, with ore reserves valued at US$1,560 per tonne, totaling US$5.2 billion. Fourth place goes to Alexco Resource Corp’s (TSX: AXU; NYSE-AM: AXU) Bellekeno silver mine in Canada’s Yukon territory, with ore reserves valued at US$1,314 per tonne for a total value of US$20 million.

Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA), which is merging with Agnico Eagle (TSX: AEM; NYSE: AEM), takes two spots in the top ten list, for its Macassa gold mine in Canada and Fosterville gold mine in Australia at fifth and sixth places, respectively. Macassa has ore reserves valued at $1,121 per tonne for a total value of $4.3 billion. Fosterville’s ore reserves are valued at US$915 per tonne for a total of US$5.45 billion.

In seventh place is Glencore’s (LSE: GLEN) Shaimerden zinc mine in Kazakhstan, with ore reserves valued at US$874.7 million for a total value of $1.05 billion. Alexco Resource Corp’s takes another spot with the Flame and Moth silver mine in the Yukon territory with ore reserves valued at US$846.9 per tonne, for a total value of US$610 million.

Rounding out the top ten are Hecla Mining’s (NYSE: HL) Greens Creek silver-zinc mine in Alaska with ore reserves valued at US$844 per tonne for a total value of US$6.88 billion, and Western Areas Spotted Quoll nickel mine in Australia with ore reserves valued at $821 per tonne — a total value of US$1.31 billion. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 22—DECEMBER 5, 2021

ISTOCK/DWALKER44

Global Atomic to break ground at US$208M Dasa uranium project in Niger in January URANIUM

| Completes feasibility study on first phase

Canada says it will phase out thermal coal exports by 2030 COAL

9

| For developing nations, coal transition requires more than just money

BY NAIMUL KARIM

C

Special to The Northern Miner

anada’s efforts to help developing nations transition away from coal won’t pay off unless the countries create policies that encourage its industries to make that shift, researchers said.

At the recent United Nations COP26 in Glasgow, Canada said it would phase out its thermal coal exports by 2030 and pay $1 billion to developing nations that depend on coal for nearly half of their electricity consumption.

But researchers say money alone won’t be enough to encourage shifts in poorer nations.

Shakirul Islam, who heads the think-tank Ovibashi Karmi Unnayan Program in Bangladesh, said developing nations like his need “wellresearched plans” to utilize these kinds of funds.

“Most of our funding to tackle climate change is used to create crops that are resistant to salt or floods ... and that’s not enough,” Islam told The Northern Miner by phone from Dhaka.

“If we want to truly adapt, we need to listen to climate migrants and create well-researched plans that can create jobs and develop rural areas,” he added.

The South Asian nation, which is the second-largest producer of clothes in the world and produces garments for the likes of Zara and H&M, is in the process of building new coal-based plants to fire its economy.

Ending coal power emissions will be crucial to limit global warming and to ensure the world meets the goals of the 2015 Paris Accord, in which nearly 200 nations agreed to keep global temperatures within 2 degrees Celsius above preindustrial times.

As such, climate change activists have urged nations to guarantee a just transition — shifting away from coal and other minerals that produce carbon and making sure that work-

ers don’t pay the brunt for the move. “[A] just transition has huge financial needs in developing countries ... but unless mechanisms to implement it are in place, having money is not going to solve the challenge,” Srestha Banerjee, an Indian researcher and director at Just Transition at iForest, an Indian think tank, told Thomson Reuters in a story published on November 3.

“In India, many local-level interventions fail because of lack of planning, capacity of implementation (and) issues of accountability, among others,” she added, noting that the country depends on coal for more than 70% of its electricity.

But the CEO of the Climate Investment Funds (CIF), one of the world’s largest funds that will distribute Canada’s $1 billion to developing nations through its newly created Accelerating Coal Transition (ACT) program, described the opportunity as “enormous.”

“The transition to clean energy is an enormous economic opportunity for developing countries. I look forward to working with Canada to further unlock this potential at scale,” Mafalda Duarte stated in a press release last week.

In total, the ACT received funding worth US$2.5 billion, including funding from the United States and the European Union, to help countries like South Africa, India, Indonesia and the Philippines, which constitute about 15% of coal-related emissions globally, shift away from coal.

Campaigners believe that the initiative could spur innovation across a range of sectors, including electric vehicles and green hydrogen, and support workers, especially coal miners, women and youth, in these thriving economies.

On the domestic front, Canada already plans to invest millions to support its coal workers and their communities to transition to cleaner energy and phase out coal-fired electricity.

In July the government announced that it would provide $420 million

to Algoma Steel Inc., the country’s only fully integrated producer of steel plates that employs 2,600 people, to phase out its coal-fired process and shift to Electric-Arc Furnace production.

The move is expected to cut emissions by more than 3 million tonnes per year by 2030 according to the government, which is equivalent to more than 900,000 passenger vehicles off the road.

In December last year, Prime Minister Justin Trudeau announced measures to ensure the Lower Churchill projects — a set of hydroelectric ventures — are financially stable and can provide clean energy to Newfoundland and Labrador.

In addition, some of Canada’s largest coal producers last month committed to a goal of net zero by 2050.

For instance, Teck Resources (TSX: TECK.A/B; NYSE: TECK) told the Northern Miner that it’s planning to reduce carbon intensity in its operations by 33% by 2030 and become carbon neutral by 2050.

It’s also planning to produce more copper in a bid to contribute to the renewable economy.

Furthermore, the company stated that Canada’s decision to phase out its thermal coal exports wouldn’t affect the company since it produced steelmaking coal — an essential ingredient needed to build infrastructure for renewable energy systems, which is different from thermal coal.

“For example, the average wind turbine requires 260 tonnes of steel, which in turn requires 170 tonnes of steelmaking coal to make,” Chris Stannell, a Teck spokesperson, said via email.

In his concluding speech at the COP 26 last week, Prime Minister Trudeau spoke about the need for new and bold approaches to build cleaner economies, new jobs and a “healthier world for our children and grandchildren.”

Researchers from developing nations though are skeptical and worry that the lack of planning has paved a long, difficult road ahead. TNM

Cutting drill core from the Dasa uranium project in Niger. GLOBAL ATOMIC

BY MARILYN SCALES

G

lobal Atomic (TSX: GLO; US-OTC: GLATF) has completed the feasibility study for the first phase of its Dasa uranium project in Niger’s Tim Mersoi Basin. The company says the study confirms that the project is economic even at a price of US$35 per lb. uranium oxide, thanks to an estimated all-in sustaining cost of US$21.93 per pound.

The Global Atomic board has given the okay to proceed with the project.

Global Atomic plans to break ground at Dasa in January 2022 and begin underground development in April. The processing plant is to be commissioned by the end of 2024. The project is already fully permitted.

With initial capital costs pegged at US$208 million, the Dasa project has an after-tax net present value (using an 8% discount rate) of US$157 million and an internal rate of return of 22.7%. The project will pay for itself over the first five years of operation.

Over a 12-year mine life, 45.4 mil-

lion lb. of uranium oxide (U3O8) will be recovered.

At a mining rate of 1,000 tonnes per day and an ore head grade of 5.18% U3O8, annual average production is forecast at 3.8 million lb. U3O8.

Dasa’s probable reserve is 4.25 million tonnes grading 5.18% U3O8 for 48.6 million lb. of U3O8.

Phase one mining will take place in the Flank zone, which represents only 20% of the known Dasa mineralization. Phase two will also recover underground ore, and after several decades, phase three will consider an open pit to mine the lower grade surface mineralization.

Dasa, one of the largest and highest-grade uranium deposits in the world, is located on the company’s Adrar Emoles III permit and lies beneath the Abinky Formation.

Over the last year, Global Atomic has traded in a range of 62¢ and $4.84 per share. At presstime in Toronto the company was trading at $4.36 per share. Global Atomic has about 164 million common shares outstanding for a market cap of about $715 million. TNM

PYX Resources dual lists in London as zircon supply crunch intensifies MARKETS

A

BY HENRY LAZENBY

ustralia-based PYX Resources (ASX: PYX; LSE: PYX) has taken up a secondary listing on the London Stock Exchange to give more investors access to the zircon market while providing the company more firepower with which to advance its development strategy.

The dual listing comes at a time when the zircon market telescoped with the recent closure of Rio Tinto’s (ASX: RIO; NYSE: RIO; LSE RIO)

| Zircon could play a role in transition to net-zero

Richards Bay Minerals project in KwaZulu-Natal, South Africa, which was shut down in late June following the murder of the top manager.

The project has since been restarted.

On admission to the LSE, the company had a market capitalization of about £349.2 million (US$468.81 million).

PYX’s high-quality zircon is found in electronics, semiconductors, solar and fuel cells, ceramics, fibre optics and energy power generation, which could help play a role in the transi-

tion to net-zero.

According to public information, the company is the second-largest zircon producer globally, with competitors including Rio Tinto and Kenmare Resources (LSE: KMR).

PYX operates the Mandiri project, a 2,032 hectare licenced concession in Central Kalimantan, Indonesia.

It produces mineral sands products and premium zircon. The company also owns the Tisma project, a fully licenced mineral sands asset comprising 1,500 hectares, also located

in Central Kalimantan province.

The Mandiri project produced 7,000 tonnes of zircon in 2020, while the Tisma project is expected to make an equal amount of zircon per annum when production starts next year.

Due to tightening supply, PYX has announced four price increases since January — rising by US$910 per tonne to US$2,305 per tonne in September.

As part of the IPO, PYX did not sell a particular number of shares.

Instead, there is open liquidity. Its share price in Australia lifted threefold in the past year.

According to Mordor Intelligence, the global zirconium market was estimated to be worth US$1.8 billion in 2020, with an expected compound annual growth rate for 2021 to 2026 of over 5%.

VSA Capital acted as financial adviser and broker on the dual listing.

PYX’s LSE-traded equity gained nearly 8% on the first day of trading at 101.06 pence. TNM

SPECIAL FOCUS

MINING AND EXPLORATION IN THE

SOUTHWEST US ISTOCK/GRANDRIVER

i-80 Gold hails “substantial economic opportunity” at Granite Creek

Hudbay expands drill program at Copper World in Arizona ARIZONA

| Company received key permit approval from state mine inspector in October

NEVADA | Company says PEA supports development of open pit and underground mines i80 Gold’s Granite Creek asset in Nevada. I80 GOLD

BY CECILIA JAMASMIE

U

.S.-focused i-80 Gold (TSX: IAU; US-OTC: IAUCF) says the results of a preliminary economic assessment (PEA) for its Granite Creek asset in Nevada confirm the project offers “substantial economic opportunity.”

The company, which spun off from Premier Gold Mines as part of the company’s acquisition by Equinox Gold (TSX: EQX; NYSE: EQX), began underground test mining at Granite Creek in September.

The program is aimed at gaining a better understanding of the optimal mining cycle required for the project and to advance underground development for a commercial production scenario.

While a production decision for Granite Creek has yet to be made, i-80 Gold says the PEA supports the development of both open pit and underground mines on the property.

“This study contemplates constructing heap leach and CIL facilities on the property for the open pit and trucking refractory material for third party processing,” presi-

dent and chief operating officer Matthew Gili, said in a statement.

The recent acquisition of the Lone Tree site will allow for the optimization of the facilities as the company progresses towards a feasibility study, Gili noted. He added the integration of Lone Tree could lead to changes in the ultimate processing plans.

Granite Creek, one of four projects the company is advancing, is located in Humboldt county, near Nevada Gold Mine’s Twin Creeks and Turquoise Ridge mines.

Based on the current resource estimates for the property, i-80 expects the mine will have a nineyear operating life, producing 1.25 million ounces of gold at life-ofmine all-in sustaining costs of US$963.40 per ounce.

In September, the company inked a deal with Nevada Gold Mines, a partnership between Newmont (TSX: NGT; NYSE: NEM) and Barrick Gold (TSX: ABX; NYSE: GOLD), which will help it create a major mining complex in the precious metals-rich state of Nevada. TNM

Mineralized rocks at Hudbay’s Copper World project in Arizona. HUDBAY MINERALS

D

BY TRISH SAYWELL

rilling at Hudbay Minerals’ (TSX: HBM; NYSE: HBM) Copper World project in Arizona this year has identified three new deposits bringing the total number to seven, with a combined strike length of over seven kilometres. The exploration success resulted in the company raising its 2021 exploration budget from US$10 million to US$34 million and increasing the drill program from 21,336 metres to over 60,960 metres.

The company has four drill rigs turning and plans to release an initial resource estimate for the seven deposits before the end of the year, a preliminary economic assessment (PEA) in the first half of 2022 and a prefeasibility study in the second half of next year.

“We should be able to get to a

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“WE SHOULD BE ABLE TO GET TO A PREFEASIBILITY STUDY BEFORE THE END OF 2022, BASED ON THE PEA AND THE RESOURCE WE COME OUT WITH.” CASHEL MEAGHER SENIOR VICE PRESIDENT AND COO, HUDBAY MINERALS

prefeasibility study before the end of 2022, based on the PEA and the resource we come out with,” Cashel Meagher, Hudbay’s senior vice president and chief operating officer said in an interview, adding that he believes about half of the initial resource estimate will be in the indicated category.

Copper World is situated on wholly owned private land about 7 km from Hudbay’s Rosemont open-pit copper project, which is currently suspended due to legal challenges over its plan to put some of the project’s mining infrastructure on federal land. The company is waiting for the matter to be decided in the ninth circuit in the court of appeals. If put into production, Rosemont will be one of the largest copper mines in the United States.

Hudbay released the latest batch of assay results from the Copper World project in late September and noted that the mineralization identified so far occurs at depths shallower than those at Rosemont, which could mean a lower strip ratio. The three deposits discovered this year — Bolsa, South Limb and North Limb — join the previously known group of Copper World, Broad Top Butte, and the Peach and Elgin deposits.

The near-term focus will be on the Bolsa deposit as it “finds itself between Broad Top Butte and the actual Rosemont deposit,” Meagher

says, “and it’s coming in with a higher proportion of oxide and probably higher grade.”

“We’ve identified about 1500 feet between where we know the southern limit of Bolsa is and where the northern limit of Rosemont is, so we’re busy moving our drills down to test the connectivity between Rosemont and Bolsa and we believe the area is more or less continuously mineralized. The 1500 feet from Bolsa to the north of Rosemont has inspired a few of our geologists to go back and do a reinterpretation of the geology at Rosemont.”

Highlights from the Bolsa deposit released on September 22 included drillhole 186, which intersected 80.2 metres of 1.11% copper starting at surface; drillhole 190, which returned 62.5 metres of 1.39% copper starting from surface; and drillhole 191, which cut 123.1 metres of 1.50% copper from surface.

Other drill results came from the South and North Limb deposits, Broad Top Butte, Copper World and the Peach and Elgin deposits.

Assays from the South and North Limb deposits included drillhole 72, which intersected 32 metres of 0.69% copper from 55 metres; drillhole 132, which returned 23.5 metres grading 0.88% copper from 32.6 metres; and drillhole 139, which cut 38 metres of 1.34% copper from 1.5 metres.

Results from the Broad Top Butte deposit included drillhole 117, which cut 229 metres of 0.60% copper starting at surface, including 137.2 metres of 0.72% copper; and drillhole 195, which returned 192 metres of 0.48% copper, including 67.1 metres of 0.77% copper starting at surface.

Copper World assays included drillhole 70, which cut 82.3 metres of 0.69% copper, including 44.2 metres of 1% copper starting from surface and drillhole 118, which intersected 88.4 metres of 0.75% copper, including 49 metres of 1.15% copper. At the Peach and Elgin deposits, drillhole 76 See HUDBAY / 15

GLOBAL MINING NEWS

MINING & EXPLORATION IN THE SOUTHWEST US

THE NORTHERN MINER / NOVEMBER 22—DECEMBER 5, 2021

11

AMERICAN SOUTHWEST SNAPSHOT EIGHT COMPANIES SCOURING THE DESERT FOR METALS Kore Mining’s Imperial gold project in California. KORE MINING

BY MARILYN SCALES

The southwestern United States has a long history of mining and remains one of the nation’s top mineral regions. The region has good infrastructure, an established regulatory and permitting regime and prospective geological terrain.

Here are eight companies active in the area. n BLUE MOON METALS Blue Moon Metals (TSXV: MOON; US-OTC: BMOOF) has big plans for the namesake Blue Moon zincsilver project 35 km east of Merced in Mariposa County, California.

The property was mined from 1943 to 1945 when 20.5 million tonnes of ore grading 12.3% zinc, 0.36% copper, 0.48% lead, 128.6 grams silver per tonne, and 2.1 grams gold per tonne were excavated. Drilling by several operators continued sporadically until Blue Moon acquired the project in 1994.

The Blue Moon project currently has a 43-101 compliant inferred resource of 7.8 million tonnes grading 4.95% zinc, 0.46% copper, 1.4 grams gold per tonne, 45.6 grams silver per tonne, and 0.29% lead (8.07% zinc-equivalent). The resource contains 771 million lb. of zinc, 71 million lb. of copper, 46 million lb. of lead, 300,000 oz. of gold, and 10 million oz. of silver.

The company has digitized the historic data and found the deposit to be open at depth and to the south.

Drilling in 2018 and 2019 were not included in the resource estimate and highlights included 9.1 metres grading 30.3% zinc, 1.7% cop-

per, 1.67 grams gold per tonne, 71 grams silver per tonne (36.8% zincequivalent) in 2018 and 7.6 metres grading 25.6% zinc, 0.9% copper, 0.68 gram gold per tonne and 17 grams silver per tonne (28.5% zincequivalent) in 2019.

Additional drilling in 2020 traced the massive sulphide lenses for 900 metres along plunge, and the mineralization is open to the surface and at depth. Blue Moon bought out Australian partner Platina Resources in December 2020 and has a drill permit extension to June 26, 2023.

Blue Moon initiated the current phase of drilling in September 2021 with three or four step-out holes totalling about 2,400 metres. Targets have been chosen to extend mineralization in known lenses and the untested area beneath the historic workings at the American Eagle deposit. An untested area surrounded by a strong footwall and stringer mineralization is also to be drilled.

Blue Moon expects that conventional flotation will produce multiple concentrates. In 1988, drill core samples were provided for metallurgical testing and recoveries of up to 95% for zinc and lead, 93% for copper, 65% for gold, and 70% for gold were achieved.

Blue Moon is planning an underground mine to reduce the surface footprint of the project. It has hired environmental and engineering consultants to assist in the permitting. Since the property hosts a past-producing mine, it had an underground permit and reclamation plan approved in 1991.

Blue Moon also owns 100% of the Yava polymetallic property in Nunavut. A former owner produced a non-compliant resource estimate in 1991. The Main zone was believed to contain 1.3 million tonnes grading 4.96% zinc, 1.03% copper, 1.6% lead, 117 grams silver per tonne, and 0.27 gram gold per tonne.

Blue Moon has a market capitalization of $6 million.

n COPPER FOX METALS Copper Fox Metals (TSXV: CUU; US-OTC: CPFXF) has three copper exploration projects in Arizona — Van Dyke, Mineral Mountain and Sombrero Butte.

Copper Fox has a 100% work-

ing interest in the in situ recovery (ISR) Van Dyke copper project about 145 km east of Phoenix. A 2020 preliminary economic assessment put the mine life at 17 years with peak production of 85 million lb. copper annually in years two

through 12, declining in the final years of operation. Total output over the life of the project would be 1.1 billion lb. of copper. The all-in See AMERICAN SOUTHWEST SNAPSHOT / 12

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Examining drill core at the Blue Moon zinc-silver project in east-central California. BLUE MOON METALS

WWW.NORTHERNMINER.COM

The Blue Moon zinc-silver project. BLUE MOON METALS

AMERICAN SOUTHWEST SNAPSHOT From 11

sustaining cost per lb. copper was pegged at US$1.14. Van Dyke carries an initial capex requirement of US$290.5 million and a payback period of 2.1 years. The base case PEA used a copper price of US$3 per pound. The post-tax net present value at a 7.5% discount rate is US$644.7 million and the internal rate of return is 43.4%.

Copper Fox updated the resources at Van Dyke in 2020 and included an indicated portion for the first time. The indicated resource is 97.6 million tonnes grading 0.33% copper for 717 million lb. of soluble copper. The inferred resource is 168 million tonnes grading 0.27% copper for 699 million lb. of soluble copper.

The current work program at Van Dyke includes groundwater studies and drill core logging.

At the Sombrero Butte porphyry copper project east of the town of Mammoth, Copper Fox is earning a 100% interest. The budget this year is $700,000 for an induced polarization (IP) survey, mapping, sampling and prospecting.

Historical production on the Sombrero Butte property occurred from 1903 to 1920 in the Magma Chief mine. At the time, ‘lowgrade’ ore assayed 3% to 5% copper and ‘higher grade’ ore along open cuts and tunnels ran 20% to 33% copper.

Copper Fox also owns 100% of

Above: A site tour of Themac Resources’ Copper Flat project in New Mexico. THEMAC RESOURCES. Left: Themac Resources’ Copper Flat project in New Mexico. THEMAC RESOURCES.

the Mineral Mountain porphyry copper project 16 km east of the town of Florence. Work the company did in 2019 outlined a 4,500metre long and up to 2,000-metre wide area containing about 600 copper showings. A second area of mineralization occurs in a northeast trending area about 2,800-metreslong by 400-metres-wide characterized by malachite and chrysocolla hosted in quartz veins and fractures.

A third zone of copper-molybdenum mineralization was also identified in 2019.

Results from this year’s IP study

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will be used to plan a drilling program.

In British Columbia, Copper Fox has interests in two copper properties. The company purchased 100% of the Eaglehead copper project, 50 km east of Dease Lake, for $1.2 million in April 2021. Historical drilling intersected multiple zones of porphyry mineralization.

Preliminary metallurgical tests are underway.

The most advanced project in the company’s portfolio is Schaft Creek, 60 km south of Telegraph Creek. The project is a joint venture with Teck Resources (75%) and Copper Fox holds the remaining 25%.

A preliminary economic assessment completed earlier this year for Schaft Creek foresees a mine life of 21 years at a nominal milling rate of 133,000 tonnes per day.

Over the life of the mine, 2.3 million tonnes of copper, 3.7 million oz. of gold, 226 million lb. of molybdenum, and 16.4 million oz. of silver would be produced in concentrates. Initial capital costs would be US$2.65 billion plus sustaining costs of US$848.7 million (including closure costs). All-in sustaining costs per lb. of copper produced would be US$1.14.

Copper Fox has a market capitalization of $152 million. n ELEVATION GOLD MINING Formerly known as Northern Vertex Mining, Elevation Gold Mining’s (TSXV: ELVT; US-OTC: NHVCF) principle holding is its 100%-owned Moss gold-silver mine in Mohave County, Arizona, about 130 km southeast of Las Vegas, Nevada. This is a low-cost open pit mine with oxide ore, all of which is treatable with heap leaching.

When the Moss mine was planned in 2015, a mining rate of 5,000 tonnes per day was envisioned. But with exceptional

crusher performance and a dedicated team, throughput has been higher since the plant was commissioned in 2018. Gold is recovered from pregnant solution at an onsite Merrill-Crowe plant and refinery. Recovery is 77% for gold and 43% for silver.

The reserve estimate and mine plan have recently been updated.

The project contains proven and probable reserves of 12.7 million tonnes grading 0.45 gram gold per tonne and 5.4 grams silver per tonne. Contained metals are 184,500 oz. of gold and 2.2 million oz. of silver.

The measured and indicated resources (including reserves) are 38.9 million tonnes grading 0.39 gram gold per tonne and 4.6 grams silver per tonne for 490,200 oz. of contained gold and 5.8 million oz. of silver. The inferred resource is 6.6 million tonnes grading 0.35 gram gold per tonne and 4.5 grams silver per tonne for contained metal of 73,800 oz. of gold and 940,000 oz. of silver.

The Moss mine has two active pits, East and West, and Elevation Gold continues to explore.

Mineralization under both pits remains open, which the company says will add ounces to resources and lower the strip ratio in the pits.

Drilling beneath the pits continues to return significant gold and silver intercepts: Hole AR21-298R cut 76.2 metres grading 0.73 gram gold per tonne and 6.5 grams silver per tonne, including 6.1 metres at 3.62 grams gold and 36.43 grams silver. Hole 494R intersected 109.7 metres grading 0.49 gram gold per tonne and 6.41 grams silver per tonne, including 13.7 metres grading 1.52 grams gold and 20.61 grams silver. Hole 504R intersected 15.2 metres grading 2.17 grams gold per tonne and 35.14 grams silver per tonne, including 4.6 metres at 5.33 grams gold and 102.33

grams silver.

Elevation Gold has plans to increase annual throughput at Moss to 888,000 tonnes per quarter, reduce mining costs, and explore permitted pit extensions and generate additional drill targets on its land package.

Between the Moss mine and Las Vegas, Elevation has an option to acquire 100% of the Hercules goldsilver project. Four surface gold systems are known, and the company believes they might be connected at depth, creating a single large oxidized system. No resource estimate has been made for this property.

Elevation Gold has a market cap of $74 million. n EQUINOX GOLD Equinox Gold (TSX: EQX; NYSE: EQX) is a gold producer with mines in Brazil, Mexico and the United States plus the Greenstone gold development project and several exploration properties in Canada.

The company has two producing mines in southern California, Mesquite in Imperial County and Castle Mountain in San Bernardino County. Guidance for 2021 at the Mesquite mine is 130,000 to 140,000 oz. of gold and is 20,000 to 30,000 oz. of gold at Castle Mountain.

The Castle Mountain open pit and heap leach produced more than 1 million oz. of gold from 1992 to 2004. Rising gold prices led Equinox to revisit the project. The phase one re-opened operation poured its first gold in November 2020. Now it is undergoing expansion, which will produce 218,000 oz. of gold annually and have a life of 20 years.

The phase two feasibility study completed in March 2021, suggests the addition of a mill facility to treat higher grade ore and con-

See AMERICAN SOUTHWEST SNAPSHOT / 13

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MINING & EXPLORATION IN THE SOUTHWEST US

THE NORTHERN MINER / NOVEMBER 22—DECEMBER 5, 2021

Southern Empire’s Oro Cruz project in California. SOUTHERN EMPIRE RESOURCES

AMERICAN SOUTHWEST SNAPSHOT From 12

tinued heap leaching of lower grade material. Equinox expects to apply for an amended mining permit and to file an updated environmental impact assessment.

Equinox recently expanded the life of the Mesquite mine by 14 years with total production of 2.1 million oz. of gold from the heap leach and 1.1 million oz. of gold from milled ore. All-in sustaining costs will be US$858 per oz. of gold over the life of the mine.

The base case used a gold price of US$1,500 per oz. and outlined an initial capital requirement of US$389 million for infrastructure and US$121 million for a leased mining fleet. The sustaining capital would be US$147 million.

The Castle Mountain expansion has an after-tax net present value at a 5% discount rate of US$639 million and an internal rate of return of 18.3%. With a leased fleet, payback would take 5.4 years.

Construction on the phase two expansion could begin in two years and the full processing rate be reached two years after that.

Equinox Gold purchased 100% of the producing Mesquite mine in 2018 from New Gold. It has been in operation since 1985 and, for the last ten years, has produced 130,000 oz. of gold annually. For 2021, the company expects the mine will produce between 130,000 and 140,000 oz. of gold at an all-in sustaining cost of US$1,375 to US$1,425 per ounce.

The open pit and heap leach Mesquite mine is nearing the end of its originally planned life. With current resources it has about two or three years’ remaining mine life plus residual leaching. But Equinox is focused on extending the mine life through both exploration and optimization. The immediate exploration upside is 40 million tonnes of potentially mineralized material in the oxide dump as well as new in-pit and near-pit targets.

In September 2021, the company released new resource numbers for Mesquite. The proven and probable reserves are 30.3 million tonnes grading 0.48 gram gold per tonne for 471,000 oz. of contained gold.

This is a 28% drop in contained gold from the earlier estimate made in 2021, due to mining depletion.

Contained gold in the measured and indicated resource category (exclusive of reserves) increased by 65% to 1.4 million oz. in 105 million tonnes grading 0.41 gram gold per tonne. Contained gold in the inferred resource rose 30% to 912,000 oz. in 84 million tonnes grading 0.34 gram gold per tonne.

Equinox has two gold mines in Mexico (Los Filos and Mercedes) and three in Brazil (Aurizona, Fazend and RDM). As well in Brazil, the company is refurbishing the infrastructure and retrofitting the mill at the former Santa Luz gold mine in preparation to pour its first gold in the first quarter of 2022.

In Canada Equinox broke ground

in October at the Greenstone gold mine 275 km northeast of Thunder Bay in Ontario. This is a joint venture between Equinox (60%) and Orion Mine Finance (40%). The mine is expected to produce over 5 million oz. of gold during its initial 14 year life. The construction cost is estimated at $1.53 billion with the first gold pour targeted for the first half of 2024.

Equinox Gold has a market capitalization of $2.9 billion. n KORE MINING Kore Mining (TSXV: KORE; US-OTC: KOREF) has two advanced gold projects in southern California: Imperial in the county

of the same name and Long Valley in Mono County.

The Imperial project has district scale potential covering 28 sq. km of the Mesquite-Imperial-Picacho district. The area has seen no exploration in at least 20 years, the company says. It has chosen five gold anomalies on a structural trend as its targets. A drilling permit is expected in the second half of next year.

One challenge of the Imperial project is it proximity to the Salton Sea. As what was once a large, landlocked body of water continues to dry up, previously submerged lakebed is exposed and creates dust that is potentially toxic to

13

local communities. To clean up the area, California state agencies have begun a ten-year plan that aims to suppress the salty emissions and build a 12,150 hectare wetland for the plants and animals that have disappeared. Kore Mining has developed project ACES, the delivery of local materials to aid in remediating the exposed lakebed.

Kore submitted the mine permit application in the last half of 2021.

This would be an open pit with run-of-mine ore placed on a heap leach. Imperial has robust economics, even at a gold price of US$1,300 per oz., but Kore used US$1,450 per oz. of gold for its calculations for the amended preliminary economic assessment base case released in June 2021.

Kore plans to develop an open pit with heap leach that would have a mine life of eight years and produce 146,000 oz. of gold annually.

The all-in sustaining cost is estimated to be US$852 per ounce.

Pre-production capex would be US$143 million, and the posttax payback period would be 2.7 years at a gold price of US$1,450 per ounce. That would be followed by sustaining capital totalling US$60.5 million and closure costs of USS$147.7 million. The after-tax net present value would be US$458 million and the internal rate of return 44%.

At the end of 2019, the Imperial project contained 900,000 oz. of gold in 46 million indicated tonnes grading 0.59 gram gold per tonne and 1.3 million oz. of gold in 91 million inferred tonnes grading 0.46 gram gold per tonne.

Kore continues to work closely with the U.S. Bureau of Land Management to secure additional permits to advance the Imperial gold project to feasibility and mine permitting.

The Long Valley PEA dated September 2020 examined the potential of this large, shallow oxide gold deposit. It estimated the indicated resource to be 63.7 million tonnes grading 0.58 gram gold per tonne for 1.2 million contained oz.

See AMERICAN SOUTHWEST SNAPSHOT / 14

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

AMERICAN SOUTHWEST SNAPSHOT From 13

of gold and the inferred resource to be 22 million tonnes grading 0.65 gram gold per tonne for 453,000 oz. of gold. The open pit mine with a heap leach would have a life of seven years producing 102,000 oz. annually at an AISC of US$773 per ounce.

Kore says the project will need an initial capital expenditure of US$161 million and has an aftertax payback of 1.8 years, using a

gold price of US$1,600 per oz. for these calculations. The after-tax NPV at a 5% discount would be US$273 million and the IRR 48%.

The silver content of the Long Valley project was not assayed during historic drilling and is not in the current resource. Metallurgical testing has shown silver recovery is possible in the heap leach, therefore Kore will include silver assays in any reports going forward.

Kore Mining has a market capitalization of $47.5 million.

n LARAMIDE RESOURCES Laramide Resources (TSX: LAM; US-OTC: LMRXF; ASX: LAM) is focused on potential uranium production in both the United States and Australia.

The most advanced of its projects is the 100%-owned Churchrock property in McKinley County, New Mexico. This would be an in situ recovery (ISR) operation and is already permitted. The property contains the past-producing Old Church Rock uranium mine oper-

ated by Phillips Petroleum in the 1960s and in the early 1980s by United Nuclear Corp.

Laramide consolidated data from previous operators and digitized the result to represent 561,300 metres of drilling. A 43-101 compliant resource in 2017 estimated inferred resources at 33.9 million tonnes grading 0.075% uranium oxide (U3O8) for 50.8 million contained lb. of uranium oxide. The company is working on the initial preliminary economic assessment.

There is also exploration potential at Churchrock. Resource modeling has already identified new targets, which could add additional tonnage to the deposit, and the inferred resources can be updated.

There are no reserves yet estimated for the project.

Laramide’s ISR division also holds 100% of the Crownpoint uranium project 40 km from Churchrock. This project is permitted for a 3 million lb. yellowcake processing plant. Although there is an inferred resource of 2.5 million tonnes averaging 0.10% uranium oxide for 5.1 million lb. of contained uranium oxide, Laramide had not, as of 2018, developed a mine plan except to say the deposit appears amenable to ISR. The company also owns 100% of the La Jara Mesa uranium project in Cibola County, New Mexico.

This deposit is suitable for underground mining. The current 43-101 compliant resource calculation was completed in 2006 and amended in 2007. The indicated resources were estimated at 1.4 million tonnes averaging 0.23% uranium oxide for 7.2 million lb. of contained uranium oxide. The inferred portion was 700,000 tonnes grading 0.2% uranium oxide for 3.1 million lb. of contained uranium oxide.

Laramide has received a draft environmental impact statement from the U.S. Forest Services, and a review is pending.

Laramide also owns 100% of the La Sal uranium property in Utah, but previous owners never produced a 43-101 compliant resource estimate. The collapse of the uranium price in 1978 forced Homestake Mining to shut down the project although a feasibility study has been completed.

In Australia, Laramide owns the Murphy green field uranium project in the Northern Territory and the Westmoreland development stage uranium project in Queensland.

Laramide consolidated its interest in the Murphy project in October 2020 and now holds a 100% interest in the tenements it has been exploring. The tenements cover an area of 683 sq. km along

the Westmoreland trend. Having the results of an airborne geophysical survey completed in 2014, Laramide anticipates ground-based activity will be the next step. No resource estimate has yet been made.

The Westmoreland uranium project is at the advanced exploration stage, thanks to work done by previous operator Rio Tinto.

Laramide has continued to advance the project as the economics are positive even at low uranium prices.

A PEA was done in 2016 that put resources at 18.7 million indicated tonnes grading 0.09% uranium oxide for 36 million lb. of contained uranium oxide and 9 million inferred tonnes averaging 0.08% uranium oxide for 15.9 million lb. of contained uranium oxide.

Laramide Resources has a market capitalization of $176 million. n SOUTHERN EMPIRE RESOURCES Southern Empire Resources’ (TSXV: SMP; US-OTC: SMPEF) primary focus is the brownfields Oro Cruz gold project in Imperial County, California. It is hosted in the northern end of the Caborca orogenic gold trend, which also hosts Equinox Gold’s Mesquite mine and Fresnillo’s La Herradura mine.

Oro Cruz hosts former gold producers Oro Cruz, American Girl, American Boy, and Padre y Madre.

The pits and underground mines were last in operation in 1996, although their history goes back to the arrival of the Spanish in the area.

Over 2 km of existing underground developments are in pristine condition, which gives Southern Empire a head start on underground exploration. Stripping for an extension of the Cross pit is partially complete.

The 43-101 resource estimate prepared in 2010 put the inferred resource at 4.4 million tonnes, grading 2.2 grams gold per tonne at a 0.68 gram gold cut-off grade.

There are 341,800 oz. of gold contained in the resource, but the company is seeking at least a million ounces of contained gold.

Historical waste rock dumps, sampled in June 2021, might contain ounces that can be added to the total. The American Girl dump assayed 0.448 gram gold per tonne from 104 surface rock samples; the Padre y Madre dump assayed 0.203 gram gold per tonne from 54 surface samples; and the Oro Cruz dump averaged 0.208 gram gold per tonne from 29 surface samples.

Sonic drilling in ten holes at the historic American Girl leach pad returned between 0.510 and 0.235

See AMERICAN SOUTHWEST SNAPSHOT / 15

GLOBAL MINING NEWS

MINING & EXPLORATION IN THE SOUTHWEST US

THE NORTHERN MINER / NOVEMBER 22—DECEMBER 5, 2021

15

Pit operations at Elevation Gold Mining’s Moss mine in Arizona. ELEVATION GOLD MINING

AMERICAN SOUTHWEST SNAPSHOT From 14

gram gold per tonne over lengths of roughly 30 metres. Ten similar holes at the Padre y Madre leach pad returned between 1.027 grams gold per tonne and 0.344 gram gold per tonne over lengths that varied between 3 and 10 metres.

Preliminary metallurgical tests to determine gold recovery over 96 hours was 74.4% from American Girl samples and 89.7% from Padre y Madre samples. Tests are continuing.

Southern Empire has a memorandum of understanding with the U.S. Bureau of Land Management to determine respective responsibilities and procedures for the environmental assessment at Oro Cruz.

The BLM deemed the earlier exploration plan of operations for Oro Cruz complete. That plan calls for up to 65 drill pads, a staging area at the Cross mine underground portal, and road construction.

The Oro Cruz property has excellent access and infrastructure, including a high-voltage power line, and a local workforce is available. Field studies for environmental, water and cultural resource assessments are underway.

Southern Empire has two other early stage gold exploration projects in its portfolio. One is the Pedro property in Durango, Mexico, where the company is earning a 100% interest from Commander Resources, and the other is the Eastgate project (85% Southern Empire and 15% Kermode Resources) in Churchill County, Nevada.

Southern Empire has a market capitalization of $6.1 million. n THEMAC RESOURCES GROUP Themac Resources Group (TSXV: MAC; US-OTC: MACQF) relies on its subsidiary, New Mexico Copper, to operate its wholly owned copper porphyry development project in Sierra County, New Mexico. The property hosts the former Copper

Flat copper-molybdenum-gold-silver mine. A feasibility study for reopening the project was completed in 2014 and updated in 2020 by Themac.

In the past 30 years there have been two efforts to bring the Copper Flat open pit mine into commercial production. Quinterra Minerals invested $112 million to bring the mine into production in 1982 and operated it for 3.5 months. The mine went on care and maintenance due to low copper prices and high borrowing rates.

The second effort was by Alta Gold, which acquired the property in 1994. It completed the final draft of the environmental impact statement in 1999 before the company went bankrupt.

Themac acquired Copper Flat in May 2011 and has been advancing and de-risking the project over the last ten years. The feasibility study estimated measured and indicated resources at 305.2 million tonnes grading 0.023% copper, 0.007% molybdenum, 0.002 gram gold per tonne, and 0.05 gram silver per tonne. The measured and indicated category contains 1.4 billion lb. of copper, 2.2 million lb. of molybdenum, 28,000 oz. of gold, and 14.7 million oz. of silver.

The inferred resource is 27.6 million tonnes grading 0.2% copper, 0.004% molybdenum, 0.001 gram gold per tonne, and 0.02 gram silver per tonne, containing 110.6 million lb. of copper, 2.2 million lb. of molybdenum, 28,000 oz. of gold, and 553,000 oz. of gold.

Based on these resources, the mine life would be 11 years during which time 628 million lb. of copper, 15.7 million lb. of molybdenum, 227,000 oz. of gold, and 5.9 million oz. of silver would be recovered. The study did not offer all-in sustaining costs but did provide “total operating costs” after by-product revenue of US$1.46 per lb. of copper.

Figures in the updated 2018 feasibility study put the initial capital cost at US$274 million, including US$10.5 million for mine prepro-

Copper Fox’s Van Dyke project in Arizona. COPPER FOX METALS

duction and US$328.5 for a mineral processing plant. Payback would be achieved after 3.3 years. Metal prices of US$3.25 per lb. for copper, US$10.50 per lb. for molybdenum, US$1,300 per oz. for gold, and US$16 per oz. for silver were used in the study.

The base case after-tax net present value at an 8% discount rate would be $235 million and the after-tax internal rate of return would be 20.8%. Should base metal prices increase by 20% from those listed above, the IRR would increase to 30.5%, according to the feasibility study.

Brownfield infrastructure at the Copper Flat project amounts to a head start on construction. The property has concrete foundations for the concentrator grinding, flotation and thickening circuits.

There are also foundations for a truck shop, administration building, and the laboratory, as well as for the primary crusher, electrical substation and coarse ore reclaim tunnel. These were built by Quinterra in the early 1980s.

Themac began permitting efforts for the Copper Flat mine and mill in 2010. The property has federal, state and private ownership, and the U.S. Bureau of Land Management will be the lead agency.

Besides financing, the only major impediment to development is the question of water rights for the Copper flat project. Themac lost

most of the water rights in 2017, according to the local Sierra County newspaper. The company appealed the decision, and in the meantime has leased water rights and applied to the state engineer for permission to move the rights from the Sunland Park-Santa Teresa area near El Paso to the production wells about 5

km from the Caballo Lake and Rio Grande River. Water rights owners from the Caballo and the Santa Teresa areas protested, and a hearing has been scheduled on the matter for September 2022.

Themac Resources Group has a market capitalization of $5 million. TNM

HUDBAY From 10

private land package to about 2,400 acres (971.3 hectares) in the west, which together with patented mining claims, now totals about 4,500 acres (1821.1 hectares) to support an operation entirely on private land.

Meagher notes that Hudbay will likely find that some of the seven deposits at Copper World are interconnected. “There could be some other smaller isolated ones [deposits], but what I think will happen is we’ll focus on those seven and find some connectivity between them.”

Hudbay picked up Copper World via its September 2014 acquisition of Augusta Resources. The Copper World land package included patented mining claims that held about 20 small pick and shovel underground mines that had operated between the mid-1800s and mid-1900s and produced about 440,000 tons of copper at an average grade of 4.42%.

At presstime in Toronto, Hudbay was trading at $8.97 per share within a 52-week trading range of $6.57 and $11.62. TNM

returned 39.6 metres of 0.87% copper.

In October, Hudbay received approval from the Arizona State Mine Inspector for its Mined Land Reclamation Plan for Copper World.

The MLRP is one of three key state permits and the approval includes the requirement for reclamation cost bonding prior to initiating work on the company’s private lands and represents the first step in the statelevel permitting process for a private land operation.

“We submitted the application for the permit in June and we got notification in October; it is fast,” Meagher says. “The MLRP is one of three major permits that the state requires for mining — the others are the Aquifer Protection Plan and the Arizona Air Permit. We are drafting the applications for the other two permits and we’ll be applying for those over the next several months.”

In September, the company announced that it has increased its

16

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NOVEMBER 22—DECEMBER 5, 2021 / THE NORTHERN MINER

Fission Uranium’s Patterson Lake South project in Saskatchewan. FISSION URANIUM

485 metres to the east along strike of R840W and is drill defined to about 115 metres in strike length.

The R780E zone and R1620E zones make up the eastern region of the Triple R deposit. Both zones are located beneath Patterson Lake, where water depth is generally less than 6 metres, and overburden thickness is about 50 metres.

The R780E zone is about 225 metres to the east of R00E and has a drill-defined strike length of about 945 metres. R1620E is located about 210 metres along strike to the east of R780E and is about 185 metres in strike length.

McElroy underlines that the mineralization along the Patterson Lake Corridor trend remains prospective along strike in western and eastern directions and that 80% of the property has yet to be explored.

Basement rocks within the mineralized trend are identified primarily as mafic volcanic rocks with varying degrees of alteration. Mineralization is located within and associated with mafic volcanic intrusives with vary-

ing degrees of silicification, metasomatic mineral assemblages and hydrothermal graphite.

Fission has been making steady progress in recent months towards achieving its feasibility study aims.

On September 27, Fission announced the completion of a 72-hole geotechnical drill program.

“Preliminary data assessment indicates that the location of proposed infrastructure, including the decline, ventilation shafts, stockpiles, tailings management facility, and mill buildings, is optimal,” says McElroy.

However, further laboratory test work will be required to confirm the initial assessment. The drill program was completed successfully and with minimal delays.

On September 7, the company announced scintillometer results from its summer 2021 metallurgical and geotechnical test work drilling on the R840W zone. Four metallurgical holes and three geotechnical holes had been completed as part of the Phase 1 feasibility study fieldwork.

McElroy says all seven holes intersected mineralization, with all four metallurgical and two geotechnical

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holes intersecting wide intervals of mineralization.

“Of note, hole PLS21-MET-004 (line 615W) intersected 50.3 metres of continuous mineralization, including 28.5 metres of total composite radioactivity of more than 10,000 counts per second (CPS) (with a peak of 65,500 cps). The metallurgical and geotechnical test work drilling at the R840W is part of the data collection in anticipation that the R840W zone will be included in the feasibility study,” says McElroy.

On August 30, the company announced scintillometer results from its summer 2021 resource upgrade drill program on the 840W zone. All 25 holes hit mineralization, with 19 intercepting significant intervals of more than 10,000 cps radioactivity.

This includes PLS21-624 (line 630W), which intersected 57.5 metres of continuous mineralization, including 19.15 metres of total composite radioactivity at more than 10,000 cps (with a peak of 62,400 cps).

“The goal of the summer resource drilling was to upgrade the majority of the R840W zone by decreasing the spacing between drill hole min-

eralized intercepts with the goal of upgrading to indicated classification, for potential use in the feasibility study,” he says.

In July, the company announced assays from its winter 2021 drill program on the R780E zone. All 20 holes returned wide intercepts in multiple stacked intervals in each hole, with 15 holes hitting high-grade intervals. The program targeted areas of inferred category mineralization to upgrade it to the indicated category for inclusion in the upcoming feasibility study.

Of note, hole PLS21-602 (line 915E) intersected 69.5 metres of total composite uranium mineralization in multiple stacked intervals, including intervals such as 4.5 metres grading 18.63% uranium oxide in a broader interval of 14.5 metres at 6.11% U3O8.

McElroy says the R840W zone is the second largest of the five highgrade zones that make up the Triple R deposit. Although the R840W has been used in the global resource estimate for the Triple R deposit, it was not considered in the economic analysis of the prefeasibility

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FISSION URANIUM From 7

study because it was classified as an inferred resource.

The Triple R deposit currently hosts a compliant indicated resource of 102.36 million pounds uranium, held in 2.216 million tonnes grading on average 2.1% U3O8. It also has an inferred resource of 32.81 million pounds U3O8 held in 1.22 million tonnes at 1.22%, with mineral resources reported at a cut-off grade of 0.25%.

All the value-add action is taking place against an improving fundamentals backdrop for uranium.

McElroy firmly believes that global uranium demand is rising, driven by an ongoing nuclear reactor construction boom. “Uranium sentiment, as evidenced by government investment in small nuclear reactors as well as traditional reactors, and strongly supportive political statements from countries like the U.S., U.K., and China, is strengthening,” says McElroy. “This is a result of the rapidly growing focus on clean energy and the continually increasing global electrical energy demand.”

In addition, years of low uranium prices have led to the shuttering of higher-cost uranium operations and minimal investment in new production sources.

In 2017, the number of nuclear reactors in the combined construction, planning and proposal stages reached the highest level in 25 years.

According to McElroy, the amount of uranium required by utilities currently uncovered by contracts continues to increase rapidly.

The result is a gradual tightening of the supply and demand balance.

“As such, management is optimistic about the long-term prospects for the uranium market and is committed to developing its Triple R deposit at PLS while continuing to explore for additional high-grade occurrences on the property,” says McElroy.

“Fission Uranium is fortunate to have its property located in the politically stable and investment-friendly province of Saskatchewan,” he says.

“Saskatchewan is consistently rated amongst the best jurisdictions in the world for mining investment.”

At press time, Fission shares quoted in Toronto traded at 93c apiece, capitalizing the company at about $601.08 million. Despite having come down from recent highs at $1.25, the equity is still up nearly 260% over the past 12-month period. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 22—DECEMBER 5, 2021

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M A R K E T N EWS TORONTO STOCK EXCHANGE / NOVEMBER 8—12 The S&P/TSX Composite index rose 312.70 points or 1.46% to finish the November 8-12 trading week at 21,768.50. The S&P/TSX Global Mining Index gained 5.97 points or 6.12% to 103.55 and the S&P/TSX Global Base Metals Index increased 9.32 points or 5.68% to 173.44. Gold climbed to US$1,865.20 per oz., up US$47.20 per oz. or 2.60%.

Shares of Agnico Eagle Mines and Kirkland Lake Gold climbed during the trading week.

The companies announced that proxy advisory firm Institutional Shareholder Services (ISS) recommended that both sets of shareholders vote in favour of the previously announced all-share ‘merger of equals.’ “There appears to be sound strategic rationale for a combination between the companies, with the transaction anticipated to confer operational synergies on an annual basis, as well as a number of G&A synergies and strategic optimizations over fiveand ten-year time horizons,” ISS stated. “The addition of members of the [Kirkland Lake Gold] board and management to the combined company should expand the expertise necessary to drive improvements and realize some of the expected synergies under the transaction.

Finally, as the majority of the production and reserves of the combined company are located in Canada where both companies have a healthy

track record of operations, some of the risks inherent to the achievement of synergies are partially mitigated.” Agnico Eagle’s shares climbed $4.90 to $71.59 and Kirkland Lake’s shares rose $3.68 to $56.21.

Newmont’s shares advanced $3.52 to $73.70.

The company announced a strategic alliance with Caterpillar Inc. to work towards net zero emissions mining. Newmont will provide a preliminary investment of US$100 million for the deployment of an all-electric autonomous haulage fleet across two continents. The alliance plans to deliver 26 battery electric autonomous vehicles in underground and open pit operations by 2027. At its Cripple Creek and Victor mine in Colorado, Newmont will introduce an automated haulage fleet of up to 16 vehicles through 2023, with a transition to haulage TSX MOST ACTIVE ISSUES

Suncor Energy Denison Mines Kinross Gold Harte Gold Yamana Gold B2Gold Corp Barrick Gold Nexgen Energy Wallbridge Mng Lundin Mng

SU DML K HRT YRI BTO ABX NXE WM LUN

VOLUME (000s) HIGH

WEEK LOW CLOSE CHANGE

36956 33.45 25768 2.64 22794 8.74 22460 0.03 22121 5.68 22111 5.93 21723 26.30 15894 8.09 15769 0.60 15495 11.17

32.03 32.33 - 0.64 2.38 2.47 + 0.07 7.68 8.69 + 0.96 0.02 0.03unch 0.00 5.17 5.60 + 0.43 5.36 5.64 + 0.21 24.03 26.06 + 1.68 7.01 7.26 - 0.09 0.46 0.48 - 0.09 10.52 11.02 + 0.03

fleet electrification and implementation of Caterpillar’s advanced electrification and infrastructure system and the delivery of a test fleet in 2026. Caterpillar will also develop its first battery electric zero-emissions underground truck to be deployed at Newmont’s Tanami mine in Australia by 2026. This will include a fleet of up to ten battery electric underground haul trucks, including first of a kind battery electric haulage technology for underground mining in 2024, the introduction of battery

autonomous technology in 2025, with full deployment in 2026.

Mountain Province Diamonds jumped 44.9% to 71¢ per share. The company reported third quarter revenue from 1,027,000 carats sold at $94.2 million at an average realised value of $92 per carat — the second-highest quarterly revenue in the company’s history.

Earnings from mine operations was $35.5 million compared to a $2.2 million loss in the third quarter of 2020. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Mountain Prov Intl Tower Hil Niocorp Dev Loncor Res Aquila Res Canagold Res Orla Mining Aris Gold Marathon Gold New Pac Metals Great Panther Fortuna Silvr St Augustine Xanadu Mines Wallbridge Mng UEX Corp SouthGobi Res Fission Uran Northcliff Res Orea Mining

MPVD ITH NB LN AQA CCM OLA ARIS MOZ NUAG GPR FVI SAU XAM WM UEX SGQ FCU NCF OREA

4326 93 785 583 3098 679 1890 376 5742 375 7670 12111 1426 1937 15769 11266 149 15298 311 1791

0.72 1.20 1.30 0.86 0.11 0.55 5.54 1.85 3.40 5.30 0.49 6.95 0.11 0.03 0.60 0.54 0.41 1.19 0.05 0.19

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.47 0.85 0.98 0.68 0.09 0.42 4.46 1.38 2.73 4.19 0.31 4.78 0.08 0.03 0.46 0.44 0.36 0.97 0.00 0.16

0.71 1.19 1.28 0.83 0.11 0.53 5.54 1.76 3.28 5.30 0.35 4.85 0.09 0.03 0.48 0.45 0.36 1.00 0.04 0.17

+ + + + + + + + + + -

44.9 33.7 28.0 23.9 23.5 23.3 23.1 23.1 21.9 21.6 30.3 23.1 18.2 16.7 15.8 14.4 12.2 11.5 11.1 10.8

Franco-Nevada Agnico Eagle Wheaton Prec Kirkland Lake Newmont Corp Pretium Res SSR Mining Seabridge Gld Turquoise HIl Lithium Amer Fortuna Silvr Victoria Gold Suncor Energy Largo Res Orocobre Great Panther Fission Uran Atalaya Mining Sierra Metals PolyMet Mng

FNV AEM WPM KL NGT PVG SSRM SEA TRQ LAC FVI VGCX SU LGO ORL GPR FCU AYM SMT POM

2265 6121 5992 3717 1067 7297 2424 352 1492 4270 12111 1366 36956 550 222 7670 15298 6 1279 26

WEEK CLOSE

187.50 71.59 55.94 56.21 73.70 18.27 24.71 25.91 15.63 43.15 4.85 18.13 32.33 14.29 8.68 0.35 1.00 6.89 2.12 3.90

CHANGE

+ + + + + + + + + + -

9.62 4.90 4.89 3.68 3.52 3.22 2.97 2.63 2.54 2.47 1.46 0.93 0.64 0.41 0.24 0.15 0.13 0.12 0.11 0.10

TSX VENTURE EXCHANGE / NOVEMBER 8—12 The S&P/TSX Venture Exchange rose 26.92 points or 2.73% to finish the trading week at 1,012.06. Spot gold jumped US$47.20 per oz. or 2.60% to US$1,865.20 per ounce.

Eskay Mining rose $1.15 to $3.28 per share.

The company released assay results from its 2021 diamond drill program at its 100%-controlled Consolidated Eskay project in northwestern British Columbia’s Golden Triangle, about 70 km northwest of Stewart. Highlights from the TV deposit included 26 metres grading 1.9 grams gold per tonne and 367.7 grams silver per tonne in drillhole TV21-63 and 24.09 metres grading 2.2 grams gold per tonne and 374 grams silver per tonne in hole TV21-54.

Drillhole TV21-47 returned 14.17 metres grading 3.3 grams gold and 37.2 grams silver per tonne, and TV21-52 cut 8.7 metres grading 3.4 grams gold per tonne and 115.4 grams silver.

This year Eskay Mining has completed about 23,500 metres of drilling in 98 holes. “The TV deposit is showing all the signs of a textbook VMS system,” John DeDecker, Eskay Mining’s VP of Exploration, stated in a news release.

“Identifying the VMS feeder zone above the Lower Massive Sulfide Zone indicated our stacked VMS deposit concept was on the right

track.” The TV deposit is about 13 km south of Skeena’s Eskay Creek mine.

Shares of Los Andes Copper were up 39¢ to $10.99. The company has started drilling its 100%-owned Vizcachitas project in Chile, about 120 km north of Santiago in the country’s copper belt. The project is one of the largest copper deposits in the Americas that isn’t controlled by a major and Los Andes Copper believes it will be Chile’s next major copper mine. The drill program will explore the deeper parts of the porphyry copper deposit, where highlights from previous drilling included 506 metres grading 0.57% copper and 357 parts per million molybdenum from 486 metres downhole. The drill program will also explore the open part TSX-V MOST ACTIVE ISSUES VOLUME (000s) HIGH

Leeta Gold First Cobalt Vision Lithium Alphamin Res Minera Alamos Anfield Energy American Lith Azincourt Ener South Star Bat Arena Min

HIVE FCC VLI AFM MAI AEC LI AAZ STS AN

26659 16645 16316 12863 12088 11644 11596 11000 10554 9998

6.57 0.43 0.24 1.07 0.63 0.14 5.99 0.10 0.36 0.59

WEEK LOW CLOSE CHANGE

5.04 0.36 0.17 0.92 0.53 0.12 4.10 0.09 0.21 0.46

5.43 0.38 + 0.23 + 1.04 + 0.63 + 0.14unch 5.92 + 0.10 + 0.35 + 0.54unch

0.07 0.03 0.06 0.13 0.07 0.00 1.17 0.01 0.14 0.00

of the deposit to the north and northeast for the upcoming prefeasibility study.

CopAur Minerals advanced 47¢ to $1.45 per share. The company reported results from its 2021 soil program that was designed to confirm surface mineralization within the historic T-Bill gold zone on its Williams copper-gold project in northern British Columbia. The company said

the work has resulted in the discovery of a new north-trending zone of surface mineralization that extends about 1,000 metres in strike length and is located about 1.1 km west of historic gold-in-soil anomalies. One of the soil samples assayed up to 6.88 grams gold per tonne. The company recently completed a property-wide VTEM airborne geophysical survey. TNM

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

Arcwest Explor Intl Bethl Mng South Star Bat Rex Res Eskay Mng Intact Gold Terrax Mnrls Adex Mining Jaeger Res CopAur Min Monarca Mnrls Fjordland Exp Noble Metal Millennium Sil Stans Energy Tymbal Res O2Gold Puma Expl Xtierra Inc Mantaro Prec

AWX IBC.H STS OWN ESK ITG YGT ADE JAEG CPAU MMN FEX NMG.H MSC HRE.H TYMB OTGO PUMA XAG MNTR

404 187 10554 562 1915 5 2224 1737 22 372 4308 608 270 99 974 123 1238 1932 372 975

0.12 0.05 0.36 0.39 3.40 0.08 0.27 0.02 0.03 1.50 0.13 0.13 0.02 0.02 0.02 0.01 0.11 0.58 0.07 0.24

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.00 0.00 0.21 0.00 2.25 0.00 0.17 0.00 0.00 1.00 0.07 0.00 0.00 0.00 0.01 0.00 0.07 0.36 0.00 0.20

0.12 0.05 0.35 0.29 3.28 0.08 0.26 0.02 0.03 1.45 0.07 0.08 0.01 0.01 0.01 0.01 0.07 0.39 0.05 0.21

+ + + + + + + + + + -

76.9 66.7 62.8 61.1 54.0 50.0 50.0 50.0 50.0 48.0 41.7 38.5 33.3 33.3 33.3 33.3 30.0 27.8 25.0 25.0

VOLUME (000s)

Great Bear Res American Lith Eskay Mng Arizona Metals Artemis Gold Foran Mining New Found Gold CopAur Min Eloro Res Los Andes Highwood Asset Emerita Res Callinex Mines IsoEnergy Ltd St. James Gold Gold Reserve Metalore Res Universal Vent Puma Expl Nobel Res

GBR LI ESK AMC ARTG FOM NFG CPAU ELO LA HAM EMO CNX ISO LORD GRZ MET MCLD PUMA NBLC

WEEK CLOSE

564 22.10 11596 5.92 1915 3.28 1529 5.34 1728 7.20 2373 2.85 2731 8.51 372 1.45 525 4.23 12 10.99 1 10.00 8432 3.20 85 3.01 1402 5.38 45 1.95 25 1.83 4 2.31 126 2.13 1932 0.39 3066 0.86

CHANGE

+ + + + + + + + + + -

2.13 1.17 1.15 0.84 0.79 0.52 0.47 0.47 0.43 0.39 1.00 0.67 0.34 0.31 0.30 0.19 0.19 0.15 0.15 0.13

U.S. MARKETS / NOVEMBER 8—12 The Dow Jones Industrial Average fell 227.64 points or 0.63% to finish at 36,100.31 and the S&P 500 dropped 14.68 points or 0.31% to 4,682.85. Spot gold rose US$47.20 per oz. or 2.60% to US$1,865.20 per ounce.

Shares of Alcoa advanced US$4.06 to US$51.92 per share. The company announced that its Portland Aluminium joint venture plans to restart 35,000 tonnes per year of curtailed capacity at its aluminium smelter in Australia’s state of Victoria. The capacity has been idle since 2009 and the restart is expected to produce its first metal in the third quarter of 2022. Portland Aluminium is an unincorporated joint venture consisting of Alcoa of Australia Ltd (55%), CITIC Nominees Pty Ltd (22.5%), and Marubeni Aluminium Australia Pty Ltd (22.5%). Alcoa of Australia is owned by Alcoa Corp. (60%) and Alumina Ltd (40%). The total cost of the restart is expected to be about US$28 million, of which Alcoa’s share is about US$9 million. In September Alcoa said it is restarting 268,000 tonnes of aluminium capacity at the Alumar smelter in São Luís, Brazil, which has been curtailed since 2015. That restart is expected to deliver its first molten metal in the fourth quarter of 2022. When both projects are complete, Alcoa will have about 82% of its 2.99 million tonnes of global aluminum smelting

capacity operating.

Gold Fields’ shares rose 12.8% to US$10.52.

The company recently reported third quarter production and costs. Its attributable goldequivalent production came in at 606,000 ounces, up 9% year-on-year, at all-in sustaining costs of US$1,016 per oz., up 5% year-year-onyear. Gold Fields said it is on track to meet its 2021 production and cost guidance. Attributable gold-equivalent production is expected to be between 2.30 million oz. and 2.35 million oz. at an AISC of between US$1,020 and US$1,060 per ounce.

Shares of Kinross Gold climbed 11.8% to US$6.94. The company reported production and financial results for the third quarter. Kinross produced 483,060 gold-equivalent oz. in the three months ended Sept. 30, down from 603,312 U.S. MOST ACTIVE ISSUES VOLUME (000s)

Vale* VALE Freeport McMoR* FCX Barrick Gold* GOLD United States S* X Cleveland-Clif* CLF Kinross Gold* KGC Yamana Gold* AUY Fortuna Silvr* FSM Alcoa* AA Chevron Corp* CVX

HIGH

WEEK LOW CLOSE CHANGE

217490 12.89 11.71 122667 41.60 37.27 101401 20.95 19.27 95714 28.36 25.18 93474 24.22 21.73 92210 6.97 6.16 89351 4.52 4.15 56424 5.52 3.81 46968 52.86 45.60 44747 116.21 113.57

12.55 + 41.23 + 20.75 + 26.40 + 22.30 6.94 + 4.48 + 3.87 51.92 + 114.23 -

0.94 4.19 1.15 0.23 0.06 0.73 0.32 1.22 4.06 0.51

gold-equivalent oz. in the year-earlier quarter, primarily due to lower production at Tasiast due to a mill fire in June. All-in sustaining costs were US$1,225 per gold-equivalent oz., compared with US$958 per oz. a year-earlier, due to the decrease in ounces sold. Adjusted net earnings were US$90.2 million or US7¢ per share, down from US$310.2 million or US25¢, primarily due to a decrease in revenue. (Revenues dropped to US$862.5 million in the third quarter from

US$1.13 billion in the same quarter a year ago, mainly due to lower production and a lower average realized gold price.) The company is on track to meet its revised 2021 production of 2.1 million gold-equivalent oz. at an all-in sustaining cost of US$1,110 per gold-equivalent ounce. In 2022 and 2023, Kinross anticipates annual production to grow to 2.7 million goldequivalent oz. and 2.9 million gold-equivalent oz., respectively. TNM U.S. GREATEST VALUE CHANGE

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

Pretium Res* Turquoise HIl* Trecora Res* Gold Fields* Harmony Gold* Kinross Gold* Endeavr Silver* Freeport McMoR* Seabridge Gld* AngloGold Ash* Fortuna Silvr* Arch Resources* Suncor Energy* Natural Res Pt* CONSOL Energy* Black Hills* Intrepid Pots* Peabody Enrgy* Chevron Corp* Cleveland-Clif*

PVG TRQ TREC GFI HMY KGC EXK FCX SA AU FSM ARCH SU NRP CNX BKH IPI BTU CVX CLF

27381 14.79 5003 12.51 1219 9.12 24575 10.70 40608 4.17 92210 6.97 18643 5.95 122667 41.60 1739 20.87 17008 21.80 56424 5.52 3392 94.55 29499 26.84 87 32.00 12724 15.16 1505 66.58 436 47.44 22497 12.62 44747116.21 93474 24.22

VOLUME (000s)

WEEK LOW CLOSE CHANGE

11.93 14.56 10.64 12.48 7.85 9.12 9.30 10.52 3.55 4.07 6.16 6.94 5.01 5.82 37.27 41.23 18.74 20.64 18.62 20.81 3.81 3.87 82.79 85.37 25.45 25.77 30.03 30.87 13.85 14.67 64.17 65.04 43.40 44.27 10.79 11.56 113.57 114.23 21.73 22.30

+ + + + + + + + + + -

20.3 18.7 14.3 12.8 12.1 11.8 11.7 11.3 10.5 10.2 24.0 6.1 2.8 1.9 1.7 1.6 1.2 0.7 0.4 0.3

MartinMarietta* MLM Franco-Nevada* FNV Freeport McMoR* FCX Alcoa* AA Wheaton Prec* WPM Agnico Eagle* AEM Southern Copp* SCCO Kirkland Lake* KL Pretium Res* PVG Newmont Corp* NEM Arch Resources* ARCH Fortuna Silvr* FSM Black Hills* BKH Suncor Energy* SU Natural Res Pt* NRP Intrepid Pots* IPI Chevron Corp* CVX CONSOL Energy* CNX Peabody Enrgy* BTU Cleveland-Clif* CLF

1757 2886 122667 46968 11496 11250 7530 9532 27381 29365 3392 56424 1505 29499 87 436 44747 12724 22497 93474

WEEK CLOSE

419.55 149.43 41.23 51.92 44.59 57.07 62.46 44.79 14.56 58.73 85.37 3.87 65.04 25.77 30.87 44.27 114.23 14.67 11.56 22.30

CHANGE

+ + + + + + + + + + -

7.23 6.44 4.19 4.06 3.58 3.47 3.06 2.59 2.46 2.37 5.52 1.22 1.06 0.75 0.60 0.53 0.51 0.25 0.08 0.06

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 22—DECEMBER 5, 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 on November 11 2021 (change from November 4 2021 in brackets): Aluminium Alloy 1820 (0) Aluminium 982025 (-27700) Copper 104175 (-19225) Lead 53825 (-600) Nickel 132534 (-5562) Tin 795 (+125) Zinc 184275 (-9275)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$89.75 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$30.70 Cobalt: US$26.85/lb.

Copper: US$4.47 Copper: CME Group Futures December 2021: US$4.41/lb.; January 2022: US$4.42/lb Iridium: NY Dealer Mid-mkt US$4,400.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$89.20 Lead: US$1.08/lb.

Rhodium: Mid-mkt US$14,350.00 tr. oz.

Ruthenium: Mid-mkt US$610.00 per oz.

Silver: Handy & Harman Base: US$25.07 per oz.; Handy & Harman Fabricated: US$31.33 per oz.

Tin: US$17.76/lb.

Uranium: U3O8, Trade Tech spot price: US$43.50 per lb. U308 Zinc: US$1.50 per lb.

Prices current November 15, 2021

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of October 31, 2021 (with changes from October 15, 2021) Largest short positions Suncor Energy SU 28169647 1548065 10/15/2021 Ivanhoe Mines IVN 14703072 5932799 10/15/2021 Fission Uran FCU 13768932 1182535 10/15/2021 Lundin Mng LUN 13445415 -808979 10/15/2021 Barrick Gold ABX 13045456 -339859 10/15/2021 Kinross Gold K 12881121 1604390 10/15/2021 B2Gold Corp BTO 12646217 -2781737 10/15/2021 Argonaut Gold AR 12370408 78689 10/15/2021 New Gold NGD 11746539 -317494 10/15/2021 First Quantum FM 9108805 486802 10/15/2021 Fortuna Silvr FVI 8705629 429360 10/15/2021 Wheaton Prec WPM 8348431 5673503 10/15/2021 Nexgen Energy NXE 7637565 -2106829 10/15/2021 Yamana Gold YRI 7587256 319454 10/15/2021 Teck Res TECK.B 7259575 1065713 10/15/2021 Largest increase in short position Ivanhoe Mines IVN 14703072 5932799 10/15/2021 Wheaton Prec WPM 8348431 5673503 10/15/2021 Calibre Mng CXB 4190617 3418475 10/15/2021 Nutrien NTR 5835824 1853070 10/15/2021 Kinross Gold K 12881121 1604390 10/15/2021 Largest decrease in short position B2Gold Corp BTO 12646217 -2781737 10/15/2021 Nexgen Energy NXE 7637565 -2106829 10/15/2021 Trevali Mining TV 3100280 -1207781 10/15/2021 Cameco Corp CCO 5064635 -948551 10/15/2021 HudBay Min HBM 3955131 -836458 10/15/2021

Short positions outstanding as of October 31, 2021 (with changes from October 15, 2021) Largest short positions EnCore Energy EU 7847420 1502176 Leeta Gold HIVE 4193087 3207907 Millennial Pr MPM 3309917 3225009 Three Valley TVC 2992559 2574430 American Lith LI 2708892 1132287 GoviEx Uranium GXU 2528089 -549117 QC Copper QCCU 2218339 930527 Emerita Res EMO 2067554 989248 ZEN Graphene ZEN 1967262 57531 Intl Lithium ILC 1683720 1511927 Uragold Bay Rs HPQ 1334574 192357 Fission 3.0 FUU 1323284 716105 Vulcan Mnrls VUL 1198271 1035934 Western Mag WMG 1137450 709783 Gold Line Res GLDL 1015145 988264 Largest increase in short position Millennial Pr MPM 3309917 3225009 Leeta Gold HIVE 4193087 3207907 Three Valley TVC 2992559 2574430 Intl Lithium ILC 1683720 1511927 EnCore Energy EU 7847420 1502176 Largest decrease in short position Neo Lithium NLC 557509 -4465709 Millennial Lit ML 515928 -2487111 Canada Silver CCW 127414 -2340971 ALX Resources AL 128353 -1684054 Baselode Egy FIND 667035 -1346068

10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021 10/15/2021

DAILY METAL PRICES Date Nov 12 Nov 11 Nov 10 Nov 9 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 2452/2440 2502/2490 2503/2490 2503/2490 Aluminum 2677/2677 2645/2655 2553/2573 2581/2600 Copper 9853.5/9616 9849.5/9625 9790/9565 9998/9655 Lead 2390/2353 2384/2354.5 2349/2323 2398/2370 Nickel 19945/19725 19845/19710 19630/19500 19710/19625 Tin 39200/37895 39100/37750 38700/37300 38550/37400 Zinc 3268/3248 3314.5/3292 3303/3282 3337.5/3291 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1850 1859.25 1824.95 Gold PM 1860.55 1857.90 1859.40 Silver 24.96 24.98 24.18 Platinum 1075 1088 1084 Palladium 2059 2072 2038

Nov 8 2504/2490 2530/2557 9880/9535 2388/2355 19600/19550 38790/37450 3273.5/3228

1824.40 1827.30 24.38 1060 2069

1818 1822.35 24.28 1055 2035

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

Nov 12 1.2551 0.7967

Nov 11 1.2589 0.7943

Nov 10 1.2488 0.8008

Nov 09 1.2436 0.8041

Exchange rates (Quote Media, November 12, 2021) C$ to AUS C$ to EURO C$ to YEN 1.0869 0.6963 90.7642 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5942 5.0860 59.2704 US to AUS US to EURO US to YEN 1.3638 0.8739 113.8715 US to UK Pound US to China Yuan US to India Rupee 0.7460 6.3796 74.3473

Nov 08 1.2445 0.8035

C$ to Mex Peso 16.3490 C$ to Swiss Franc 0.7339 US to Mex Peso 20.5205 US to Swiss Franc 0.9212

C$ to SA Rand 12.2242 C$ to S. Korea Won 939.4517 US to SA Rand 15.2939 US to S. Korea Won 1179.9400

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

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

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

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

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

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

Osisko Gold Royalties (OR.WT) - Wt buys

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

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

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

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

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

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

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

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

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

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

Cabral Gold Inc. (CBR.WT) - One warrant to purchase one common share at $0.80 per share.

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

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

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

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

Cordoba Minerals Corp. (CDB.RT) - One right to purchase one common share at $0.54 per share.

Denarius Silver Corp. (DSLV.WT) - One warrant to purchase one common share at $0.80 per share.

Elevation Gold Mining Corporation (ELVT. WT) - One warrant to purchase one common share at $4.80 per share.

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

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

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

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

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

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

Kaizen Discovery Inc. (KZD.RT) - One warrant to purchase one common share at $0.51 per share.

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.RT) - Rights exercisable for One (1) share at $0.10 per share.

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

TSX VENTURE WARRANTS

Nov 05 ($) 24.56 70.40 66.94 55.20 14.15 12.63 26.86 28.42 14.88 17.79 18.73 55.48 9.40 64.45 55.13 55.49 45.88

Change ($) 1.70 6.68 5.85 5.00 1.13 1.24 1.96 1.67 1.33 1.36 1.53 4.39 0.68 5.86 4.89 4.92 3.66

Change (%) 6.91 9.49 8.73 9.05 7.98 9.84 7.30 5.88 8.95 7.64 8.17 7.91 7.28 9.09 8.87 8.87 7.98

YTDChange (%) -12.59 -16.00 -19.06 -8.43 -12.57 -11.83 -17.00 -11.72 -11.82 -12.18 -14.18 -12.10 -19.95 -12.03 -16.63 -16.65 -13.63

MER (%) 2.40 0.55 0.55 2.31 2.29 2.67 0.68 0.81 2.64 0.61 2.46 3.19 2.98 2.52 2.09 2.12 2.26

TotalAssets (M$) 53.76 46.21 77.72 346.02 57.78 565.72 5.79 22.76 1148.56 27.22

61.98 407.22 1.99 123.37

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

Millennial Lithium Corp. (ML.WT) - One right to purchase one common share at $4.80 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.

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.

Vizsla Silver Corp. (VZLA.WT) - One warrant to purchase one common share at $3.25 per share.

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

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

NORTH AMERICAN STOCK EXCHANGE INDICES 52-week

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

CANADIAN GOLD MUTUAL FUNDS FundName Nov 12 ($) BMO Prec Mtls Fd A 26.26 BMO ZGD 77.08 BMO ZJG 72.79 CI Pre Met Fd A 60.20 CIBC Prec Metal Fd A 15.28 Dyn Prec Metls Fd A 13.88 Harvest HGGG 28.82 Horizons HEP 30.09 IG MacGbPreMetCl A 16.21 iShares XGD 19.15 NBI PrecMetFd Invt 20.26 NPT Go&PrMinFd A 59.87 NPT SilverEquCl A 10.09 Prec Met Fd A 70.31 RBC GblPreMetFd A 60.01 RBC GblPreMetFd Adv 60.41 TD Prec Mtl Fd Inv 49.54

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

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

Sherritt International Corporation (S.WT) Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 2018-0062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Sprott Resource Corp (SRHI.WT) - Wt buys sh @ $0.3333 to Feb 09/22 Treasury Metals Inc. Wt (TML.WT) - One Warrant to purchase one common share of the Issuer at $1.50 until expiry.

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

Nov 12 21768.53 1021.06 1309.76 306.31 268.11

Nov 11 21581.98 1005.87 1296.22 305.86 268.11

Nov 10 21461.93 982.52 1290.78 297.06 268.11

Nov 09 21594.52 997.63 1297.85 289.76 262.24

Nov 08 21556.54 996.49 1294.47 284.81 258.57

High 21773.05 1113.64 1309.97 349.33 324.94

Low 16662.37 724.44 994.05 257.81 230.26

NEW 52-WEEK HIGHS AND LOWS NOVEMBER 8-12, 2021 123 New Highs Aloro Mining Alphamin Res Alphamin Res * Alto Ventures* American Lith American Lith* American Pac AmericanSierra* Arbor Metals Arena Min Arena Min* Argonaut Gold Argonaut Gold* Arianne Phosph Arianne Phosph* Artemis Gold Artemis Gold* AurCrest Gold Baroyeca Gold* Cameco Corp Cameco Corp* Cardero Res Cardero Res* Cassiar Gold Cdn Goldcamps Chalice Gold M*

Chevron Corp* CopAur Min CopAur Min* Cypress Dev Denison Mines Denison Mines* Dynacor Gld Mn Dynacor Gld Mn* Elevation Gold* Endeavour Mng Energy Fuels Energy Fuels* Eros Res Corp Eros Res Corp* Eskay Mng Eskay Mng* Filo Mg Corp Filo Mg Corp * Fiore Gold Fiore Gold* Fission 3.0* Foran Mining Foran Mining* Frontier Lith Global Atomic Global Atomic* GoGold Res

Great Bear Res Great Bear Res* Intact Gold* Ivanhoe Mines Ivanhoe Mines* Karam Min Karora Res* Kiplin Metals Kiplin Metals* La Imperial Li-Metal Lithium Amer Lithium Amer* Lynas Corp* MartinMarietta* Meridian Mg Meridian Mg * Millennial Pr* Minsud Res Mkango Res Moneta Porcpn* Monumental Gld Musgrave Min* Neometals* New Stratus Nexgen Energy Nexgen Energy*

NGEx Minerals Nrthn Graphite Nrthn Graphite* OceanaGold Original Sixtn* P2 Gold P2 Gold* PepinNini Lith* Perseus Mng Peruvian Metal Peruvian Metal* Phoenix Gold Pretium Res Pretium Res* Prog Planet Prog Planet* Prospect Ridge Pure Energy* QNB Metals Raindrop Vent Rex Res Sailfish Rylty Secova Metals Sierra Madre G* Silver Hammer Silver Hammer* South Star Bat

South Star Bat* Stelmine Can* Strongbow Expl Suncor Energy Tembo Gold Ur-Energy Ur-Energy* Uranium Energy* ValOre Metals ValOre Metals* Virginia Enrgy Virginia Enrgy* Vizsla Silver Vizsla Silver* Wesdome Gold* West High Yld 36 New Lows Adyton Res* Alma Gold Arizona Gold Aurcana Silver* Batero Gold* Cdn Palladium* Fathom Nickel* Fiore Gold* Fredonia Mg* Golden Mnls*

Great Panther Great Panther* Greenland M&En* Harte Gold* Horizonte Mnls* Imperial Mg Gr Intact Gold* Irving Res Irving Res* K2 Gold K9 Gold* Lion One Mtls Novo Res NuLegacy Gold Phenom Res Ready Set Gold RTG Mining * Sierra Metals Sierra Metals* Silver Bull Re* Standard Graph* Teuton Res Tudor Gold Tudor Gold * Vanstar Mng Rs* Wallbridge Mng

GLOBAL MINING NEWS · SINCE 1915 Financial information provided by Fundata Canada Inc. ©Fundata Canada Inc. All rights reserved

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

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

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

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

20

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: NOVEMBER 8–12, 2021 (100s) Stock

WWW.NORTHERNMINER.COM

NOVEMBER 22—DECEMBER 5, 2021 / THE NORTHERN MINER

Exc Volume

Week High

Low

Last

12-month Change

High Low

A 1111 Explor 1844 Resources 1911 Gold* 1911 Gold 55 North 79 Resources 79North A.I.S Res* A.I.S Res Abacus Mining* Abacus Mining Abcourt Mines Abcourt Mines* Aben Resources* Aben Resources Abitibi Royal* Abitibi Royal AbraSilver Res* AbraSilver Res Academy Metals ACME Lithium Adamera Min Adamera Min* Adex Mining Advance Gold Advance United Adventus Adventus* Adyton Res* Adyton Res AEX Gold African Gold African Gold* African Metals African Rainbo* Aftermath Silv* Agnico Eagle* Agnico Eagle AgriMinco* Aguila Amer Gd* Aguila Amer Gd Aiml Res* AJN Resources Alamos Gold Alamos Gold* Alcoa* Aldebaran Res Aldebaran Res* Alerio Gold Alexandra Cap* Alexco Res* Alexco Res Alianza Min* Alianza Min Alien Metals* All American* Allegiant Gold Allegiant Gold* Alliance Mng Alliance Res* Allied Copper Alma Gold Almaden Min* Almaden Min Almadex Min* Almadex Min Almonty Ind * Almonty Ind Aloro Mining* Aloro Mining Alpha Lithium Alphamin Res * Alphamin Res 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* AmmPower* AmmPower Amseco Expl AMV Capital Anaconda Mng* Anaconda Mng Anacortes Mg Andean Prec* Andean Prec Andover Mng* Anfield Energy* Anfield Energy Angel Gold* Angel Gold Angkor Gold* Angkor Res Anglo American* Anglo American* Anglo Pac Grp AngloGold Ash* AngloGold Ash* Angold Res Angold Res* Angus Gold* Angus Gold Antioquia Gold* Antioquia Gold Antler Gold * Antler Gold Antler Hill Antofagasta* Apogee Min Apollo Silver Apollo Silver* Appia Rare* Appia Rare Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Resources* Archer Explor Archon Mineral Arcland Res ArcPacific Res ArcPacific Res* Arctic Star* Arctic Star Arcturus Vent* Arcus Dev Grp

C 280 V 60 O 122 V 268 C 309 C 257 C 517 O 601 V 2204 O 703 V 1392 V 630 O 127 O 2197 V 2356 O 4 V 23 O 7446 V 9194 V 1 C 376 V 715 O 382 V 1737 V 3183 C 111 V 128 O 89 O 4 V 483 V 269 V 688 O 249 V 12 O 0 O 807 N 11250 T 6121 O 8 O 4 V 25 O 78 C 82 T 3945 N 17392 N 46968 V 148 O 45 C 199 O 541 X 5316 T 1170 O 112 V 270 O 753 O 237416 V 112 O 210 V 0 D 2091 V 343 C 7 X 5326 T 212 O 211 V 397 O 80 T 145 O 202 V 131 V 4011 O 5070 V 12863 V 172 O 260 V 208 V 391 O 648 O 756 V 656 V 165 V 115 V 330 O 80 T 1344 O 145 V 3334 O 2605 O 120 V 21 O 33 V 4 O 74 V 1638 O 1095 V 513 O 482004 V 326 O 26 V 1273 O 570 O 105 O 210 V 1353 O 241 V 817 V 417 O 7369 V 11596 O 1973 V 1132 C 1439 O 603 T 1762 X 5842 T 2653 O 689 O 2767 C 1101 V 475 O 108 O 1271 C 761 V 0 V 0 O 176 T 458 V 629 O 35 V 348 O 10 O 3638 V 11644 O 212 V 104 O 118 V 173 O 4 O 867 T 22 O 0 N 17008 V 652 O 8 O 13 V 23 O 71 V 58 O 29 V 317 V 0 O 2 V 0 V 2063 O 135 O 1052 C 760 O 2932 O 472 T 3098 V 351 N 3392 C 17 V 0 V 0 V 117 O 135 O 86 V 1431 O 8 V 75

0.06 0.09 0.31 0.39 0.05 0.14 0.13 0.06 0.06 0.10 0.12 0.10 0.08 0.04 0.05 21.90 27.05 0.39 0.49 0.42 1.05 0.06 0.05 0.02 0.08 1.79 0.98 0.78 0.06 0.07 0.61 0.15 0.12 0.06 14.00 0.47 58.33 73.13 0.01 0.17 0.23 0.55 0.35 11.11 8.84 52.86 0.67 0.53 0.47 0.39 2.18 2.73 0.07 0.09 0.02 0.00 0.37 0.30 0.00 11.86 0.32 0.06 0.44 0.55 0.26 0.33 0.73 0.92 0.07 0.08 1.24 0.85 1.07 0.09 0.08 0.11 0.43 0.35 0.23 0.29 0.02 0.14 0.33 0.26 17.37 13.80 0.42 0.35 0.04 0.03 1.03 1.23 5.65 0.14 0.11 0.07 0.00 0.13 0.11 0.26 0.21 0.02 0.17 0.22 0.04 0.05 0.16 4.77 5.99 0.70 0.85 1.31 0.29 1.39 1.10 1.37 1.09 0.82 0.99 3.14 2.50 0.49 0.61 0.00 0.00 0.60 0.75 1.94 1.19 1.49 0.00 0.12 0.14 0.02 0.02 0.08 0.10 37.09 19.65 2.29 0.00 21.80 0.19 0.14 0.73 0.90 0.03 0.04 0.18 0.25 0.00 20.00 0.00 0.76 0.61 0.64 0.79 0.02 0.09 0.11 2.65 94.55 1.25 0.00 0.00 0.07 0.05 0.06 0.07 0.02 0.04

0.06 0.00 0.28 0.35 0.05 0.11 0.10 0.04 0.05 0.08 0.10 0.09 0.07 0.03 0.04 21.48 26.80 0.36 0.44 0.00 0.95 0.05 0.00 0.00 0.06 1.30 0.93 0.74 0.06 0.07 0.56 0.14 0.11 0.00 13.90 0.40 53.07 66.06 0.01 0.16 0.00 0.38 0.25 9.84 7.90 45.60 0.62 0.50 0.40 0.31 1.90 2.38 0.06 0.00 0.01 0.00 0.34 0.26 0.00 10.70 0.00 0.00 0.37 0.45 0.23 0.29 0.65 0.87 0.05 0.00 1.00 0.73 0.92 0.00 0.08 0.09 0.41 0.32 0.19 0.23 0.00 0.00 0.27 0.22 15.18 12.19 0.30 0.24 0.01 0.00 0.89 0.00 5.24 0.11 0.08 0.00 0.00 0.11 0.09 0.21 0.17 0.00 0.14 0.18 0.03 0.04 0.12 3.29 4.10 0.61 0.76 1.08 0.05 1.15 0.93 1.29 1.03 0.72 0.90 2.75 2.22 0.40 0.52 0.00 0.00 0.56 0.70 1.66 0.98 1.17 0.00 0.09 0.12 0.01 0.00 0.07 0.08 0.00 18.32 0.00 0.00 18.62 0.17 0.00 0.71 0.00 0.03 0.00 0.00 0.18 0.00 0.00 0.00 0.66 0.53 0.56 0.70 0.01 0.07 0.09 2.22 82.79 1.25 0.00 0.00 0.00 0.05 0.05 0.06 0.02 0.00

0.06 + 0.08 0.28 0.36 0.05 unch 0.14 + 0.11 0.05 + 0.06 + 0.09 + 0.11 + 0.10 + 0.07 0.04 + 0.05 + 21.48 unch 27.00 unch 0.39 + 0.49 + 0.42 1.00 0.06 + 0.04 + 0.02 + 0.06 + 1.79 + 0.94 0.75 0.06 unch 0.07 + 0.58 + 0.15 0.11 0.06 13.90 unch 0.46 + 57.07 + 71.59 + 0.01 unch 0.17 0.23 0.39 0.31 + 10.87 + 8.67 + 51.92 + 0.67 + 0.52 0.42 0.31 2.18 + 2.70 + 0.06 0.08 unch 0.01 0.00 unch 0.36 + 0.28 + 0.35 unch 10.89 0.31 + 0.06 unch 0.42 + 0.55 + 0.26 + 0.33 + 0.71 0.90 unch 0.07 + 0.07 + 1.12 0.83 + 1.04 + 0.08 0.08 unch 0.10 0.42 unch 0.33 0.22 + 0.28 + 0.02 unch 0.12 unch 0.30 + 0.24 + 17.09 + 13.64 + 0.37 + 0.30 + 0.04 + 0.03 unch 0.95 + 1.23 + 5.55 0.12 0.09 0.07 unch 0.00 unch 0.13 + 0.11 + 0.26 + 0.20 0.01 0.15 + 0.19 unch 0.04 + 0.05 unch 0.16 + 4.76 + 5.92 + 0.64 0.79 unch 1.28 + 0.11 + 1.34 + 1.09 + 1.34 + 1.05 0.79 + 0.99 + 3.08 + 2.45 + 0.46 0.57 0.07 unch 0.12 unch 0.56 + 0.72 + 1.92 + 1.12 + 1.41 + 0.00 unch 0.10 0.14 unch 0.02 + 0.02 unch 0.07 0.09 + 37.09 19.46 + 2.27 + 16.50 unch 20.81 + 0.17 0.14 0.72 + 0.90 + 0.03 + 0.04 unch 0.14 + 0.24 + 0.18 unch 20.00 + 0.13 unch 0.76 + 0.60 + 0.58 0.72 0.02 0.08 + 0.11 + 2.60 + 85.37 1.25 unch 0.20 unch 0.17 unch 0.06 unch 0.05 unch 0.06 + 0.07 0.02 unch 0.04 +

0.01 0.15 0.06 0.01 0.11 0.05 0.01 0.59 0.22 0.01 0.72 0.28 0.00 0.23 0.04 0.03 0.25 0.10 0.02 0.16 0.08 0.00 0.11 0.04 0.01 0.11 0.05 0.00 0.18 0.07 0.01 0.24 0.09 0.01 0.19 0.09 0.00 0.15 0.07 0.01 0.07 0.03 0.01 0.09 0.04 0.00 24.00 15.48 0.00 29.75 20.05 0.02 0.68 0.21 0.04 0.82 0.28 0.02 3.00 0.42 0.02 1.34 0.31 0.01 0.12 0.05 0.00 0.10 0.04 0.01 0.04 0.01 0.01 0.16 0.05 0.77 2.09 0.15 0.03 1.34 0.80 0.01 1.06 0.62 0.00 0.07 0.06 0.01 0.40 0.07 0.01 1.00 0.44 0.01 0.21 0.11 0.01 0.24 0.01 0.01 0.18 0.06 0.00 18.00 13.90 0.06 1.37 0.29 3.47 76.69 49.20 4.90 100.03 62.28 0.00 0.13 0.00 0.01 0.53 0.14 0.01 0.67 0.19 0.04 0.79 0.31 0.06 0.45 0.15 1.00 12.63 8.83 0.73 9.87 6.94 4.06 57.57 15.16 0.05 0.74 0.33 0.04 0.70 0.25 0.06 0.49 0.18 0.02 1.45 0.13 0.21 3.45 1.41 0.26 4.38 1.81 0.00 0.19 0.05 0.00 0.25 0.07 0.00 0.04 0.01 0.00 0.02 0.00 0.03 0.56 0.23 0.02 0.46 0.18 0.00 1.15 0.20 0.79 12.90 3.26 0.02 0.68 0.23 0.00 0.23 0.05 0.04 1.20 0.36 0.08 1.54 0.45 0.03 0.27 0.14 0.03 0.33 0.20 0.01 1.07 0.40 0.00 1.30 0.58 0.01 0.13 0.01 0.01 0.08 0.04 0.12 1.58 0.45 0.10 0.85 0.18 0.13 1.06 0.23 0.01 0.10 0.06 0.00 0.13 0.02 0.01 0.19 0.01 0.00 0.80 0.15 0.01 0.79 0.12 0.02 0.42 0.11 0.05 0.47 0.13 0.00 0.05 0.01 0.00 0.22 0.10 0.02 0.50 0.19 0.01 0.36 0.15 1.83 19.39 10.45 1.39 16.00 7.93 0.05 0.43 0.09 0.04 0.35 0.08 0.03 0.50 0.00 0.00 0.05 0.01 0.06 1.29 0.69 0.18 1.66 0.88 0.02 6.99 4.39 0.01 0.15 0.05 0.00 0.12 0.04 0.00 0.10 0.03 0.00 0.01 0.00 0.01 0.20 0.05 0.02 0.16 0.03 0.02 0.37 0.20 0.00 0.30 0.16 0.01 0.08 0.01 0.01 0.35 0.13 0.00 0.44 0.16 0.00 0.08 0.02 0.00 0.10 0.03 0.04 0.40 0.10 0.94 4.77 0.80 1.17 5.25 1.05 0.01 2.25 0.14 0.00 2.86 0.19 0.12 1.31 0.13 0.05 0.29 0.01 0.20 4.40 0.85 0.17 3.46 0.68 0.02 1.61 0.51 0.01 1.35 0.39 0.03 1.00 0.53 0.05 1.25 0.14 0.30 4.19 2.07 0.25 3.26 1.65 0.02 1.90 0.33 0.03 2.15 0.41 0.00 0.12 0.04 0.00 0.26 0.11 0.01 0.85 0.39 0.02 1.05 0.50 0.16 2.50 1.50 0.14 1.44 0.77 0.17 2.03 0.92 0.00 0.07 0.00 0.00 0.18 0.03 0.00 0.23 0.05 0.00 0.03 0.01 0.00 0.04 0.02 0.00 0.08 0.03 0.01 0.12 0.05 0.78 49.42 27.46 1.00 24.75 13.48 0.05 2.90 2.02 0.00 25.10 15.45 1.92 26.77 14.57 0.01 0.53 0.17 0.01 0.34 0.14 0.02 1.25 0.43 0.02 1.28 0.54 0.00 0.06 0.03 0.00 0.07 0.04 0.01 0.55 0.08 0.04 0.30 0.09 0.00 1.76 27.80 14.35 0.00 0.14 0.10 0.05 1.15 0.38 0.04 1.00 0.33 0.03 1.00 0.22 0.03 1.22 0.29 0.00 0.14 0.01 0.01 0.11 0.04 0.02 0.14 0.06 0.20 2.63 1.70 5.52 105.58 27.86 0.00 1.25 0.08 0.00 0.40 0.17 0.00 0.38 0.14 0.00 0.25 0.06 0.00 0.52 0.05 0.01 0.24 0.02 0.01 0.29 0.03 0.00 0.10 0.00 0.01 0.04 0.02

(100s) Stock

Exc Volume

Week Low

0.00 0.12 + 0.05 0.07 + 0.36 0.43 + 0.46 0.54 unch 0.34 0.42 + 0.43 0.53 + 0.00 0.18 0.15 0.15 unch 0.14 0.14 unch 0.12 0.12 + 2.54 3.04 + 3.31 3.83 + 0.54 0.55 0.42 0.44 1.38 1.76 + 0.06 0.06 0.08 0.09 unch 4.38 5.34 + 3.53 4.26 + 0.00 0.19 + 0.22 0.24 + 0.00 0.56 5.15 5.79 + 6.42 7.20 + 1.04 1.10 1.23 1.35 + 0.00 0.70 unch 0.19 0.19 0.25 0.25 0.95 1.08 + 1.20 1.36 + 0.00 0.03 unch 0.00 0.20 unch 0.00 0.00 unch 0.03 0.04 + 0.04 0.05 + 0.09 0.09 + 0.11 0.12 + 0.48 0.51 + 0.01 0.02 0.00 6.89 0.17 0.18 + 0.00 0.24 + 0.00 0.15 + 0.00 0.20 unch 0.43 0.48 + 0.54 0.60 + 1.05 1.13 1.29 1.40 0.14 0.17 + 0.00 0.23 + 1.14 1.21 + 1.39 1.55 + 11.08 12.32 + 8.93 9.78 + 0.93 1.12 + 1.17 1.42 + 0.58 0.69 + 0.47 0.54 + 0.27 0.33 + 0.00 0.18 unch 0.31 0.35 0.25 0.28 0.99 1.14 + 0.79 0.91 + 0.00 0.05 0.12 0.13 + 0.71 0.91 + 0.10 0.13 + 0.02 0.02 0.00 0.08 unch 0.07 0.08 + 0.00 0.10 1.00 1.17 + 1.26 1.45 + 0.09 0.09 0.11 0.12 unch 0.03 0.03 unch 0.00 0.09 + 0.08 0.11 + 0.93 1.05 + 1.17 1.33 + 0.00 0.08 unch 0.06 0.06 0.00 0.03 0.04 0.04 0.00 0.06 5.96 7.20 + 0.00 0.04 0.00 0.05 unch 0.64 0.71 unch 0.51 0.57 1.51 1.65 unch 0.00 1.30 0.06 0.08 + 0.09 0.10 + 0.26 0.30 + 0.20 0.23 + 0.00 0.00 unch 0.00 0.11 0.08 0.08 -

Arcwest Explor Arcwest Explor* Arena Min* Arena Min Argentina Lith* Argentina Lith Argentum Silvr Argentum Silvr* Argo Gold Argo Gold* Argonaut Gold* Argonaut Gold Arianne Phosph Arianne Phosph* Aris Gold Arizona Gold* Arizona Gold Arizona Metals Arizona Metals* Arizona Silver* Arizona Silver Armor Min Artemis Gold* Artemis Gold Asante Gold* Asante Gold Asbestos Corp Ascendant Res* Ascendant Res Ascot Res * Ascot Res Ashanti Sanko AsiaBaseMetals Asiamet Res* Aston Bay* Aston Bay ATAC Res* ATAC Res Atacama Cop Atacama Res* Atalaya Mining Athabasca Min* Athabasca Min Athena Gold* Athena Gold Atico Mining* Atico Mining Atlas Salt* Atlas Salt 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 AURYN Mining* Aust Goldfield* Aust Mines* Austin Res Austral Gold* Austral Gold Auxico Res* Auxico Res Avalon Advance* Avalon Advance Avarone Metals* Avidian Gold* Avidian Gold Avino Silver* Avino Silver Avrupa Min Avrupa Min* Awale Res Axmin Inc* Axmin Inc Aya Gold* Azarga Metals* Azarga Metals Azarga Uranium Azarga Uranium* Azimut Explor Azimut Explor* Azincourt Ener* Azincourt Ener Aztec Minerals Aztec Minerals* Azteca Gold* Azucar Min Azucar Min*

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

404 71 2972 9998 1342 2323 53 3 242 15 1376 4831 1554 424 376 661 2496 1529 641 166 421 1 105 1728 13 405 0 68 418 1466 3879 0 0 36 575 2535 756 830 33 2302 6 12 340 124 2 146 176 45 2052 3 112 64 229 494 24 167 431 1720 1483 1317 0 220 15 445 222 19 589 43 8 569 0 149 132 141 431 436 1870 34 32 968 4724 492 66 3 265 6 499 35 16 557 4941 972 263 51 3715 11000 280 78 24 61 116

0.12 0.07 0.48 0.59 0.43 0.53 0.19 0.15 0.16 0.12 3.10 3.90 0.66 0.53 1.85 0.07 0.09 5.34 4.26 0.19 0.25 0.62 6.21 7.88 1.10 1.38 0.00 0.21 0.26 1.14 1.40 0.00 0.00 0.05 0.04 0.06 0.10 0.13 0.52 0.02 7.00 0.20 0.25 0.16 0.00 0.48 0.60 1.29 1.57 0.17 0.23 1.23 1.55 12.79 9.98 1.13 1.42 0.69 0.55 0.33 0.00 0.36 0.28 1.15 0.92 0.05 0.14 1.00 0.13 0.02 0.00 0.08 0.10 1.18 1.48 0.11 0.13 0.03 0.09 0.11 1.08 1.34 0.08 0.07 0.04 0.06 0.06 7.34 0.04 0.06 0.74 0.60 1.74 1.38 0.09 0.10 0.31 0.24 0.00 0.11 0.09

B2Gold Corp B2Gold Corp* Baden Res Bald Eagle Balto Res Bam Bam Res Bam Bam Res* Bannerman Egy* Banyan Gold Banyan Gold* Barksdale Res* Barksdale Res Baroyeca Gold Baroyeca Gold* Barrick Gold Barrick Gold* Barsele Min* Barsele Min Baru Gold Baru Gold* Baselode Egy* Baselode Egy Basin Uranium Batero Gold Batero Gold* Bathurst Met Battery Min Bayhorse Silvr* Bayhorse Silvr BC Moly BCM Res* BCM Res BE Res Bear Creek Mng Bear Creek Mng* Bearclaw Cap Bearing Lith Bearing Lith* Beauce Gold Bell Copper Bell Copper* Belmont Res 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

T 22111 X 39886 C 183 V 945 V 120 C 4807 O 5199 O 4290 V 1338 O 72 O 93 V 327 V 520 O 27 T 21723 N 101401 O 28 V 108 V 1681 O 1003 O 960 V 1668 C 151 V 371 O 3 V 384 V 282 O 563 V 1046 V 10 O 151 V 304 V 0 V 941 O 202 V 2 V 1273 O 1261 V 590 V 120 O 107 V 435 T 1496 O 3679 O 64 V 308 O 73 V 390 C 264 O 7 O 394 V 352 V 344 O 20 V 47 O 35 C 186 O 1101 V 1358 N 1505 O 392 T 1169 O 16 V 9 V 46 O 4 C 1769 O 205 V 1294

5.93 4.71 0.16 0.05 0.13 0.22 0.18 0.29 0.32 0.25 0.33 0.40 0.27 0.49 26.30 20.95 0.50 0.65 0.11 0.09 1.11 1.37 0.85 0.08 0.06 0.13 0.58 0.12 0.14 0.13 0.13 0.16 0.00 1.89 1.50 0.22 0.36 0.28 0.20 0.17 0.14 0.07 0.76 0.61 0.23 0.29 0.85 1.08 0.45 0.36 0.14 0.18 0.66 0.54 0.07 0.06 0.15 0.09 0.12 66.58 0.28 0.36 0.14 0.11 0.35 0.28 0.04 0.03 1.15

Last

12-month

High

Change

Stock

0.05 0.02 0.00 0.00 0.01 0.03 0.01 0.00 0.00 0.01 0.38 0.50 0.07 0.07 0.33 0.01 0.00 0.84 0.64 0.01 0.02 0.05 0.60 0.79 0.03 0.05 0.00 0.01 0.01 0.11 0.16 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.03 0.00 0.12 0.02 0.03 0.01 0.00 0.03 0.03 0.03 0.09 0.01 0.07 0.07 0.11 0.70 0.63 0.16 0.22 0.08 0.05 0.05 0.00 0.01 0.01 0.16 0.13 0.01 0.01 0.10 0.02 0.00 0.00 0.00 0.01 0.07 0.10 0.00 0.00 0.00 0.02 0.03 0.09 0.15 0.00 0.01 0.01 0.02 0.01 0.62 0.00 0.00 0.00 0.01 0.00 0.02 0.00 0.01 0.03 0.01 0.00 0.01 0.00

0.14 0.11 0.48 0.55 0.77 0.96 0.35 0.27 0.26 0.19 3.10 3.90 0.66 0.53 3.29 0.12 0.16 5.55 4.53 0.33 0.41 0.85 6.21 7.88 1.20 1.50 0.70 0.55 0.34 1.33 1.63 0.06 0.25 0.09 0.05 0.06 0.21 0.27 0.65 0.05 7.20 0.27 0.34 0.23 0.20 0.65 0.78 1.87 1.67 0.30 0.35 2.79 3.60 17.50 14.31 3.12 3.99 1.25 0.99 0.33 0.25 0.80 0.51 1.28 1.00 0.10 0.22 1.05 0.53 0.04 0.12 0.40 0.24 1.50 1.85 0.25 0.36 0.05 0.40 0.30 2.82 3.60 0.15 0.16 0.13 0.07 0.09 9.44 0.12 0.17 0.80 0.63 2.49 1.98 0.14 0.18 0.52 0.41 0.05 0.19 0.14

0.06 0.05 0.01 0.02 0.04 0.07 0.15 0.13 0.12 0.09 1.50 1.90 0.14 0.11 1.25 0.06 0.08 0.61 0.49 0.13 0.17 0.55 3.40 4.86 0.06 0.08 0.46 0.07 0.09 0.67 0.84 0.02 0.13 0.00 0.03 0.04 0.08 0.11 0.48 0.01 3.20 0.09 0.13 0.04 0.20 0.30 0.41 0.48 0.07 0.00 0.16 0.92 1.11 10.88 8.80 0.93 1.16 0.58 0.47 0.06 0.04 0.22 0.18 0.65 0.43 0.04 0.06 0.17 0.01 0.01 0.08 0.05 0.09 0.00 0.24 0.08 0.07 0.02 0.07 0.08 0.77 0.98 0.06 0.06 0.03 0.04 0.05 2.11 0.04 0.04 0.18 0.14 0.78 0.60 0.01 0.02 0.25 0.20 0.00 0.07 0.06

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

O 1736 V 48 O 29 V 713 O 500 C 240 O 460 O 174 V 923 V 354 O 640 V 1222 V 203 V 1147 V 388 O 16 O 1382 V 556 O 81 V 75 O 27 O 7 V 209 O 14 C 95 O 13347 C 129 V 763 O 199 V 220 O 5000 O 85 V 38 C 6 V 322 O 377 V 538 O 141 O 22 O 113562 O 191 V 4997 O 195 O 814 V 5087 O 1956 O 1 V 7 O 411 O 51 V 1264 N 8137 V 52 O 1 V 5 O 4 C 1985 C 10 O 46 V 418

0.21 0.15 0.03 0.01 0.00 0.01 0.01 0.00 0.04 0.02 0.00 0.01 0.03 0.04 1.68 1.15 0.00 0.11 0.01 0.01 0.01 0.01 0.19 0.00 0.00 0.03 0.04 0.01 0.01 0.03 0.00 0.01 0.00 0.01 0.03 0.03 0.03 0.02 0.05 0.00 0.01 0.01 0.12 0.09 0.00 0.00 0.03 0.04 0.00 0.00 0.00 0.01 0.01 0.04 0.01 0.01 0.02 0.02 0.04 1.06 0.01 0.01 0.00 0.01 0.05 0.05 0.01 0.00 0.05

8.10 6.19 0.20 0.16 0.44 0.71 1.12 0.33 0.32 0.35 0.57 0.70 0.42 0.49 34.60 26.34 0.66 0.82 0.22 0.17 1.23 1.54 0.85 0.16 0.13 0.26 0.90 0.25 0.26 0.15 0.22 0.30

4.21 3.30 0.13 0.04 0.06 0.10 0.08 0.03 0.17 0.10 0.26 0.33 0.16 0.12 22.30 17.56 0.30 0.38 0.06 0.05 0.30 0.37 0.56 0.06 0.05 0.09 0.39 0.06 0.08 0.06 0.04 0.06

3.37 2.65 0.60 0.44 0.35 0.44 0.45 0.32 0.11 1.25 0.96 0.39 0.50 1.36 1.64 0.50 0.52 0.37 0.25 1.40 1.10 0.09 0.07 0.26 0.19 0.25 72.78 0.62 0.76 0.19 0.26 0.75 0.51 0.09 0.08 1.22

0.92 0.74 0.15 0.14 0.11 0.10 0.12 0.09 0.05 0.39 0.32 0.20 0.23 0.70 0.92 0.31 0.20 0.10 0.14 0.59 0.46 0.04 0.03 0.04 0.04 0.06 57.02 0.09 0.11 0.05 0.07 0.28 0.22 0.02 0.01 0.62

C2C Gold* C3 Metals* C3 Metals Cabral Gold Cabral Gold* Cache Explor* Caledonia Mng* Calibre Mng Calibre Mng* Califfi Cap Callinex Mines* Callinex Mines Cameco Corp* Cameco Corp Camino Min Camino Min* Camrova Res Camrova Res* Canada Carbon Canada Carbon* Canada Nickel Canada Nickel* Canada One Canada Rare Canada Rare* Canada Silver Canada Silver* Canadian Metal* Canadian Metal Canadian Prem Canadian Silv Canagold Res* Canagold Res CanAlaska Uran* CanAlaska Uran Canamera Energ Canasil Res Candelaria Mg* Candelaria Mg Candente Coppr 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 Cassius Vents Castle Peak Mg CAT Strategic CAT Strategic* CAVU Mining* CAVU Mining Cdn Goldcamps* Cdn Goldcamps CDN Maverick* Cdn Palladium Cdn Palladium* CellCube Enrgy* Centamin Centaurus Diam* Centerra Gold Central Afric Central Afric* Central Iron Centurion Mnls Century Cobalt* Century Global Cerrado Gold Cerro de Pasc * Cerro de Pasc Cerro Grande* Cerro Grande Cerro Mng Ceylon Graph* Ceylon Graph Chakana Copper Chakana Copper* Chalice Gold M* Champion Bear Champion Iron* Champion Iron Chatham Rock

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

B 5.36 5.64 + 4.30 4.52 + 0.13 0.16 + 0.00 0.05 0.00 0.13 unch 0.17 0.18 0.13 0.13 0.25 0.26 0.28 0.32 + 0.22 0.25 + 0.28 0.30 0.35 0.37 0.21 0.27 + 0.17 0.21 + 24.03 26.06 + 19.27 20.75 + 0.00 0.50 unch 0.00 0.61 + 0.09 0.11 + 0.08 0.09 + 0.93 0.97 1.15 1.23 + 0.56 0.57 0.00 0.08 unch 0.05 0.05 0.00 0.13 + 0.46 0.47 0.10 0.11 + 0.13 0.14 + 0.00 0.13 + 0.11 0.12 0.14 0.16 + 0.00 0.20 unch 1.70 1.78 + 1.34 1.39 0.00 0.22 0.29 0.36 + 0.23 0.28 + 0.10 0.15 + 0.16 0.16 unch 0.13 0.13 0.06 0.06 0.53 0.73 + 0.42 0.58 + 0.21 0.21 0.00 0.27 unch 0.80 0.85 + 1.00 1.06 + 0.00 0.45 unch 0.36 0.36 unch 0.13 0.13 0.15 0.17 0.61 0.62 0.49 0.54 + 0.00 0.06 0.05 0.05 0.12 0.14 + 0.05 0.09 + 0.07 0.11 + 64.17 65.04 0.23 0.26 + 0.29 0.32 + 0.14 0.14 unch 0.00 0.11 0.00 0.30 0.23 0.23 0.03 0.04 + 0.02 0.02 unch 1.04 1.06 -

(100s)

High Low

Exc Volume

Week High

Low

Last

0.95 0.70 0.57 0.09 0.00 0.50 0.40 0.03 0.04 0.02 0.25 0.31 0.73 0.04 0.07 0.07 0.15 1.85 1.45 0.16 0.12 0.07 0.11 0.24 0.31 0.01 0.08 1.38 0.13 0.16 0.00 0.03 0.04 0.44 0.06 0.05 0.09 0.07 0.11 0.02 0.05 0.07 0.05 0.05 0.24 0.20 0.39 0.15 0.03 0.09 0.12 7.93 0.03 0.03 0.07 0.06 0.28 0.23 0.17 0.04

0.83 0.67 0.54 0.07 0.00 0.45 0.36 0.03 0.04 0.00 0.22 0.28 0.58 0.04 0.07 0.06 0.14 1.70 1.35 0.00 0.12 0.07 0.00 0.22 0.00 0.01 0.07 1.17 0.11 0.14 0.00 0.02 0.00 0.44 0.00 0.04 0.08 0.06 0.00 0.01 0.04 0.05 0.04 0.03 0.15 0.12 0.00 0.00 0.02 0.08 0.09 7.16 0.00 0.03 0.00 0.06 0.19 0.00 0.12 0.00

0.86 0.70 0.54 0.08 0.00 0.49 0.39 0.03 0.04 0.02 0.23 0.29 0.70 0.04 0.07 0.07 0.15 1.81 1.45 0.16 0.12 0.07 0.10 0.22 0.28 0.01 0.07 1.30 0.13 0.16 0.00 0.03 0.04 0.44 0.05 0.04 0.09 0.07 0.06 0.01 0.05 0.06 0.05 0.04 0.21 0.16 0.39 0.15 0.03 0.09 0.11 7.89 0.03 0.03 0.07 0.06 0.26 0.22 0.15 0.03

12-month Change

High Low

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

0.04 0.01 0.04 0.01 0.00 0.02 0.01 0.00 0.01 0.00 0.01 0.01 0.12 0.00 0.01 0.01 0.01 0.10 0.10 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.10 0.00 0.02 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.04 0.01 0.01 0.01 0.01 0.00 0.06 0.04 0.14 0.02 0.00 0.00 0.00 0.53 0.01 0.00 0.01 0.00 0.02 0.28 0.02 0.01

1.03 1.51 1.75 0.17 0.05 0.92 0.72 0.08 0.09 0.03 0.29 0.37 1.05 0.15 0.33 0.26 0.24 2.16 1.71 0.81 0.65 0.11 0.16 0.47 0.70 0.04 0.21 1.54 0.23 0.36 0.02 0.07 0.09 0.65 0.19 0.15 0.16 0.12 0.55 0.10 0.24 0.31 0.13 0.07 0.35 0.28 1.05 0.29 0.06 0.19 0.20 13.28 0.06 0.04 0.45 0.20 0.61 0.53 0.60 0.08

0.49 0.56 0.00 0.07 0.00 0.44 0.36 0.03 0.04 0.01 0.06 0.09 0.55 0.04 0.06 0.05 0.11 1.28 1.01 0.13 0.11 0.04 0.05 0.18 0.23 0.00 0.05 0.94 0.11 0.14 0.00 0.02 0.03 0.16 0.05 0.04 0.07 0.05 0.06 0.00 0.03 0.05 0.01 0.00 0.13 0.10 0.24 0.13 0.01 0.05 0.07 6.11 0.01 0.00 0.07 0.06 0.17 0.20 0.02 0.03

0.21 + 0.15 0.19 0.43 unch 0.35 + 0.02 unch 14.15 + 1.68 + 1.33 + 0.15 unch 2.42 3.01 27.57 + 34.57 + 0.11 + 0.10 + 0.07 unch 0.01 0.08 0.06 2.95 + 2.35 + 0.12 unch 0.06 unch 0.06 + 0.19 + 0.14 0.16 unch 0.19 + 0.38 0.05 0.43 + 0.53 + 0.52 0.65 0.35 unch 0.13 + 0.33 0.41 + 0.20 + 0.06 + 0.11 + 0.12 unch 0.11 0.11 unch 0.20 + 0.16 + 0.25 + 0.30 + 0.23 0.27 0.32 0.39 0.14 0.18 0.10 + 0.08 0.23 + 0.19 + 5.46 + 0.11 + 0.09 + 0.05 0.04 unch 0.05 + 0.03 + 0.10 0.15 0.19 0.16 + 0.12 unch 0.04 0.02 0.73 + 0.09 unch 0.02 unch 0.06 + 0.04 0.33 0.42 0.46 unch 1.15 + 0.18 unch 0.07 unch 0.05 + 0.00 unch 1.74 + 0.00 unch 10.80 + 0.15 0.17 unch 0.06 0.07 unch 0.03 + 0.23 unch 1.70 + 0.23 0.30 0.03 + 0.02 unch 0.60 unch 0.19 + 0.24 + 0.36 + 0.28 + 7.07 + 0.11 + 3.25 + 4.10 + 0.13 +

0.03 0.01 0.01 0.00 0.01 0.00 1.34 0.20 0.14 0.00 0.25 0.34 0.58 0.94 0.02 0.02 0.00 0.01 0.01 0.01 0.21 0.17 0.00 0.00 0.01 0.01 0.00 0.00 0.02 0.03 0.01 0.08 0.10 0.07 0.08 0.00 0.02 0.00 0.02 0.02 0.01 0.02 0.00 0.01 0.00 0.04 0.04 0.01 0.01 0.01 0.01 0.02 0.01 0.02 0.02 0.01 0.00 0.01 0.01 0.43 0.02 0.01 0.01 0.00 0.01 0.01 0.02 0.01 0.01 0.01 0.00 0.01 0.01 0.11 0.00 0.00 0.01 0.00 0.02 0.02 0.00 0.70 0.00 0.00 0.00 0.00 0.14 0.00 0.70 0.04 0.00 0.01 0.00 0.01 0.00 0.13 0.05 0.06 0.01 0.00 0.00 0.02 0.03 0.02 0.01 2.06 0.01 0.15 0.27 0.01

0.48 0.19 0.25 0.88 0.69 0.39 18.58 2.61 2.40 0.21 5.26 6.50 28.49 35.47 0.30 0.22

0.08 0.05 0.07 0.34 0.27 0.01 11.28 1.26 0.92 0.11 1.65 2.09 9.32 12.21 0.09 0.07

0.12 0.28 0.22 4.54 3.68 0.12 0.22 0.18 0.77 0.60 0.30 0.45 0.60 0.13 0.78 0.95 0.68 0.84 0.50 0.18 0.52 0.68 0.27 0.09 0.16 0.22 0.31 0.22 0.24 0.17 0.51 0.61 0.37 0.50 0.82 1.15 0.32 0.40 0.12 0.10 0.42 0.35 6.64 0.11 0.09 0.09 0.07 0.18 0.04 0.19 0.31 0.37 0.35 0.27 0.20 0.05 0.83 0.17 0.04 0.10 0.15 1.18 0.63 2.19 3.00 1.00 0.19 0.16 0.15 2.37 0.08 16.00 0.28 0.22 0.10

0.01 0.07 0.00 1.83 1.20 0.04 0.05 0.04 0.17 0.13 0.00 0.08 0.14 0.04 0.31 0.12 0.15 0.19 0.25 0.09 0.33 0.36 0.08 0.05 0.07 0.09 0.09 0.09 0.13 0.00 0.15 0.19 0.17 0.21 0.32 0.39 0.13 0.15 0.07 0.04 0.20 0.11 1.74 0.04 0.02 0.05 0.04 0.04 0.02 0.08 0.14 0.18 0.11 0.07 0.03 0.02 0.35 0.07 0.01 0.03 0.00 0.25 0.10 0.46 0.38 0.15 0.06 0.05 0.00 1.54 0.00 8.21 0.14 0.11 0.04

0.15 0.40 1.78 0.34 0.47 0.04 0.04 0.60 0.49 0.62 0.64 0.52 7.57 0.15 5.82 7.24 0.20

0.01 0.12 0.93 0.19 0.23 0.01 0.02 0.47 0.09 0.12 0.28 0.22 2.35 0.08 2.86 3.71 0.07

C 284 177 989 1147 112 656 353 5973 571 47 74 85 29335 9779 1801 111 0 25 321 231 853 376 0 398 136 2734 563 0 15 8 191 530 679 743 712 5 1267 54 7 817 191 47 133 1 0 2 3 178 1417 82 213 1 251 37 288 427 191 101 63 10890 556 85 70 31 34 3477 1813 305 2297 272 25 3519 39 1316 0 6 9176 538 25 47 0 63 2 1368 835 50 171 23 3415 602 1 65 0 109 3 1009 70 1847 6 14 0 1433 3768 725 498 122 220 659 4890 59

0.24 0.16 0.20 0.51 0.41 0.03 14.25 1.72 1.37 0.15 2.81 3.49 28.49 35.47 0.11 0.10 0.00 0.02 0.09 0.06 2.96 2.36 0.00 0.07 0.06 0.20 0.16 0.00 0.19 0.38 0.06 0.43 0.55 0.61 0.76 0.35 0.14 0.33 0.42 0.20 0.06 0.11 0.13 0.11 0.00 0.20 0.16 0.25 0.33 0.23 0.30 0.35 0.41 0.16 0.20 0.10 0.08 0.23 0.19 5.50 0.11 0.09 0.06 0.04 0.05 0.03 0.12 0.17 0.21 0.17 0.12 0.05 0.02 0.83 0.00 0.02 0.06 0.04 0.36 0.44 0.00 1.15 0.18 0.07 0.06 0.00 1.78 0.00 10.92 0.17 0.17 0.06 0.00 0.03 0.23 1.75 0.29 0.37 0.03 0.02 0.00 0.20 0.25 0.38 0.30 7.57 0.11 3.39 4.22 0.13

0.18 0.15 0.19 0.42 0.34 0.02 12.66 1.46 1.08 0.00 2.35 3.01 26.15 32.70 0.09 0.07 0.00 0.01 0.08 0.06 2.59 2.11 0.00 0.06 0.05 0.18 0.14 0.00 0.18 0.00 0.00 0.33 0.42 0.52 0.65 0.35 0.12 0.33 0.00 0.18 0.00 0.09 0.00 0.00 0.00 0.00 0.12 0.22 0.26 0.21 0.26 0.32 0.39 0.14 0.17 0.09 0.06 0.22 0.17 4.91 0.00 0.08 0.00 0.00 0.04 0.02 0.10 0.14 0.18 0.00 0.12 0.04 0.00 0.61 0.00 0.00 0.05 0.04 0.32 0.00 0.00 0.60 0.18 0.06 0.05 0.00 1.60 0.00 10.01 0.00 0.17 0.00 0.00 0.02 0.00 1.50 0.21 0.26 0.02 0.00 0.00 0.18 0.22 0.35 0.27 5.02 0.09 3.00 3.72 0.00

(100s) Stock

Exc Volume

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

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

135 93 44747 217 33 107 71 32 4793 50 322 455 95 429 12 3 93474 0 981 0 971 215 1179 1159 79 409 23439 263 781 2 450 1366 1221 0 4 70 111 106 291 5922 30 5 1 126 196 190 235 298 421 1360 112 2717 12724 3660 1001 158 1127 91 372 195 220 332 490 5169 470 406 370 275 17 44 190 70 6 173 313 153 568 758 4 1970 254 218 462 1911 2 777 77 142 4574 6561 0 0 54 2176 2913

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 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 Dixie Gold DLP Resouces DLP Resouces* Dolat Ventures* Dolly Vard Sil* Dolly Vard Sil Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res Duro Metals DV Resources* DV Resources Dynacor Gld Mn Dynacor Gld Mn* DynaResource* Dynasty Gold Dynasty Gold* E2Gold Inc E2Gold Inc* E3 Metals* E3 Metals E79 Resources* E79 Resources Eagle Graphite* Eagle Graphite Eagle Plains Earl Res East Africa Eastern Platin* Eastern Platin Eastfield Res* Eastfield Res Eco Oro Min Eco Oro Min*

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

84 72 14 5532 191 599 6055 851 134 201 526 702 2608 1020 1 596 25768 89062 27 268 235 1018 835 1220 0 663 370 434 41233 2227 1361 5 81 354 79 332 0 209 412 60 2 680 787 299 351 212 974 2142 41 541 0 50 0 177 45 13 97 0 1347 150 437 1403 37 713 78 117 251 0 207 104 357 20 113 85 141

Week High

Low

Last

12-month Change

3.60 3.61 3.75 2.87 2.89 3.02 116.21 113.57 114.23 0.24 0.25 unch 0.25 0.16 0.16 0.17 0.19 0.20 0.21 + 3.55 3.90 3.90 0.00 0.25 0.28 7.70 8.42 9.69 0.17 0.17 unch 0.17 0.15 0.21 0.24 0.27 0.28 0.31 0.17 0.20 0.20 0.25 0.26 0.28 0.02 0.20 0.24 + 0.00 0.17 0.17 24.22 21.73 22.30 0.00 0.09 unch 0.00 0.14 0.20 unch 0.21 0.00 0.05 unch 0.00 + 0.09 0.11 0.12 + 0.07 0.08 0.08 + 0.33 0.35 0.37 + 0.14 0.14 0.16 + 0.04 0.04 0.05 0.00 0.05 unch 0.06 + 6.74 7.15 7.64 + 0.07 0.09 0.09 + 0.09 0.11 0.11 + 2.25 2.26 2.26 0.14 0.16 unch 0.16 0.19 0.19 0.23 2.34 2.59 2.75 0.00 3.75 unch 0.00 + 0.00 0.15 0.15 0.12 0.12 0.13 + 0.22 0.22 0.23 0.17 0.17 0.19 0.00 0.15 0.15 2.00 2.22 2.41 0.00 0.08 unch 0.08 0.07 0.07 unch 0.07 + 0.50 0.50 0.50 0.57 0.60 0.82 0.13 0.13 0.15 0.17 0.17 0.18 0.00 0.08 unch 0.09 + 0.06 0.06 0.07 + 2.28 2.45 2.59 + 2.81 3.15 3.25 + 0.00 0.11 0.11 + 25.74 23.15 25.69 15.16 13.85 14.67 + 0.24 0.34 0.35 + 0.33 0.38 0.43 0.04 0.04 0.04 + 0.05 0.06 0.06 + 0.05 0.07 0.07 + 1.00 1.45 1.50 + 0.81 1.14 1.18 0.21 0.21 0.24 0.27 0.28 0.29 0.07 0.08 unch 0.08 3.60 3.70 unch 3.85 2.83 2.95 3.21 0.04 0.04 0.05 + 0.69 0.81 0.81 + 0.55 0.65 0.65 + 0.00 0.60 0.60 0.00 0.65 0.72 0.20 0.23 unch 0.24 + 4.06 4.25 4.37 + 3.26 3.42 3.50 0.54 0.57 0.69 0.68 0.77 0.82 0.12 0.12 unch 0.12 3.21 3.22 3.28 4.05 4.05 4.08 0.00 0.60 0.65 + 0.12 0.15 0.15 + 0.09 0.11 0.11 + 0.31 0.36 0.45 + 1.31 1.45 1.50 + 1.71 1.84 1.89 0.12 0.12 unch 0.12 0.13 0.14 0.16 + 0.00 0.11 0.11 + 0.08 0.08 0.09 + 0.16 0.18 0.19 + 0.20 0.23 0.24 0.00 0.04 unch 0.00 0.00 0.09 unch 0.00 0.69 0.70 0.75 + 1.69 1.95 2.00 + 2.11 2.44 2.49

High Low

6.05 3.15 0.03 4.75 2.50 0.04 0.51 116.21 79.91 0.46 0.13 0.00 0.40 0.09 0.01 0.55 0.12 0.01 4.47 1.72 0.40 0.35 0.17 0.04 0.45 15.39 5.13 0.25 0.12 0.00 1.48 0.15 0.02 1.82 0.23 0.01 1.11 0.17 0.01 0.49 0.17 0.01 0.39 0.00 0.02 0.17 0.08 0.02 0.06 26.51 8.10 0.23 0.08 0.00 0.35 0.13 0.00 0.08 0.05 0.00 0.27 0.08 0.01 0.21 0.03 0.01 0.82 0.25 0.01 0.20 0.09 0.01 0.14 0.03 0.00 0.17 0.04 0.00 0.21 12.60 5.86 0.16 0.05 0.02 0.17 0.06 0.02 3.50 1.89 0.01 0.35 0.08 0.00 0.44 0.10 0.03 3.73 0.50 0.05 4.00 2.00 0.00 0.32 0.13 0.01 0.21 0.09 0.01 0.50 0.19 0.01 0.39 0.16 0.00 0.30 0.11 0.01 9.85 0.95 0.03 0.14 0.07 0.00 0.14 0.03 0.00 0.79 0.42 0.08 1.20 0.57 0.02 0.26 0.00 0.01 0.33 0.11 0.02 0.21 0.07 0.00 0.20 0.05 0.00 2.67 0.39 0.18 3.29 0.47 0.34 0.28 0.09 0.01 1.77 36.23 4.25 0.25 16.08 8.82 0.53 0.13 0.04 0.67 0.16 0.02 0.12 0.04 0.00 0.16 0.05 0.01 0.25 0.01 0.01 1.50 0.11 0.47 1.18 0.11 0.36 0.53 0.09 0.01 0.66 0.11 0.02 0.10 0.02 0.00 5.07 1.13 0.00 4.20 0.86 0.01 0.60 0.03 0.00 0.84 0.17 0.07 0.70 0.13 0.06 1.38 0.01 0.03 1.62 0.54 0.01 0.39 0.07 0.00 6.00 3.40 0.10 4.75 2.55 0.02 0.87 0.13 0.08 1.10 0.18 0.04 0.22 0.12 0.00 3.30 1.71 0.04 4.15 2.17 0.01 0.68 0.09 0.04 0.29 0.09 0.04 0.25 0.07 0.02 2.53 0.31 0.04 1.65 0.52 0.04 1.98 0.66 0.12 1.22 0.01 0.00 0.44 0.13 0.01 0.36 0.07 0.01 0.29 0.06 0.01 0.26 0.03 0.01 0.33 0.04 0.02 0.06 0.03 0.00 0.09 0.05 0.00 0.99 0.50 0.05 2.00 0.40 0.16 2.46 0.53 0.19

D-F 0.62 0.78 0.05 0.07 0.38 0.05 0.04 0.09 0.08 0.06 0.23 0.29 0.74 0.60 0.00 0.60 2.64 2.14 0.14 0.18 2.46 0.06 0.38 0.31 0.00 0.08 0.04 0.06 0.00 2.27 1.81 0.11 0.12 0.18 0.22 0.29 0.00 0.27 0.24 0.16 0.00 0.50 0.61 0.91 0.36 0.29 10.24 9.65 0.04 0.06 0.00 0.07 0.00 3.12 2.49 1.90 0.17 0.00 0.25 0.20 2.82 3.33 0.78 1.01 0.12 0.14 0.16 0.00 0.27 0.28 0.35 0.07 0.08 0.12 0.10

0.49 0.60 unch 0.00 0.68 + 0.04 0.05 0.05 0.06 unch + 0.32 0.36 + 0.04 0.05 + 0.03 0.03 0.06 0.07 0.05 0.06 0.05 0.05 + 0.21 0.22 + 0.27 0.28 0.58 0.58 0.46 0.47 0.00 0.05 unch 0.55 0.59 unch + 2.38 2.47 + 1.90 1.97 + 0.12 0.14 + 0.15 0.15 2.35 2.36 + 0.04 0.05 0.34 0.35 0.27 0.28 0.00 0.19 unch 0.00 0.07 0.04 0.04 0.05 0.05 unch 0.00 0.00 unch + 1.83 2.22 + 1.47 1.76 + 0.00 0.11 + 0.00 0.11 + 0.00 0.18 0.20 0.21 0.25 0.26 0.00 0.17 unch 0.24 0.24 0.00 0.22 0.16 0.16 unch 0.00 0.00 unch + 0.41 0.47 + 0.51 0.60 + 0.79 0.91 0.32 0.34 unch 0.26 0.27 + 9.00 10.11 + 8.38 9.56 + 0.04 0.04 0.05 0.05 0.00 0.24 unch 0.07 0.07 unch 0.00 0.10 unch + 2.84 3.10 + 0.00 2.49 0.00 1.70 0.00 0.16 0.00 0.14 unch 0.18 0.20 0.15 0.16 + 2.28 2.37 + 2.85 2.99 0.69 0.73 0.87 0.90 0.10 0.11 + 0.00 0.13 + 0.15 0.16 0.00 0.45 unch 0.00 0.24 + 0.23 0.27 + 0.29 0.33 + 0.05 0.06 0.00 0.07 + 0.11 0.12 + 0.09 0.10

0.00 0.07 0.01 0.00 0.02 0.01 0.00 0.02 0.02 0.01 0.00 0.01 0.08 0.06 0.00 0.00 0.07 0.04 0.02 0.01 0.08 0.01 0.04 0.03 0.00 0.01 0.00 0.00 0.00 0.38 0.27 0.01 0.02 0.04 0.02 0.03 0.00 0.04 0.02 0.00 0.00 0.05 0.08 0.06 0.00 0.00 0.91 1.11 0.00 0.01 0.00 0.00 0.00 0.20 0.17 0.28 0.01 0.00 0.05 0.02 0.07 0.13 0.03 0.11 0.00 0.02 0.01 0.00 0.05 0.03 0.03 0.01 0.01 0.01 0.02

0.71 2.00 0.16 0.20 0.47 0.12 0.09 0.30 0.23 0.11 0.59 0.75 1.07 0.91 0.18 0.69 2.64 2.14 0.17 0.23 4.95 0.06 0.52 0.43 1.25 0.13 0.10 0.11 0.04 2.74 2.23 0.12 0.20 0.50 0.55 0.59 0.40 0.41 0.35 0.27 0.51 0.77 0.98 1.28 1.18 1.22 13.29 9.95 0.11 0.14 0.24 0.11 0.16 3.12 2.49 2.45 0.35 0.20 0.30 0.24 4.22 5.37 1.34 1.65 0.28 0.38 0.19 0.55 0.58 0.43 0.57 0.09 0.10 0.20 0.16

0.43 0.45 0.00 0.05 0.22 0.04 0.01 0.04 0.03 0.04 0.12 0.17 0.42 0.33 0.04 0.38 0.44 0.34 0.09 0.12 1.31 0.01 0.07 0.05 0.09 0.06 0.03 0.05 0.00 1.19 0.90 0.06 0.09 0.10 0.14 0.19 0.16 0.17 0.13 0.14 0.00 0.33 0.42 0.61 0.20 0.06 7.88 7.18 0.03 0.05 0.15 0.06 0.07 1.64 1.30 0.52 0.07 0.05 0.10 0.10 0.64 0.74 0.07 0.24 0.00 0.04 0.14 0.20 0.15 0.23 0.28 0.04 0.06 0.05 0.04

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

Edgemont Gold Edgewater Expl Edison Battery* Edison Battery EEE Explor El Capitan Prc* El Nino Vent* El Nino Vent Elcora Adv Mat Elcora Res* Eldorado Gold* Eldorado Gold Element 29* Element79 Elevation Gold Elevation Gold* Eloro Res* Eloro Res Elysee Dev Elysee Dev * Emerita Res Emerita Res* Emgold Mining Emgold Mining* Eminent Gold Eminent Gold* Emperor Metals EMX Royalty* EMX Royalty Encanto Potash* EnCore Energy Endeavour Mng Endeavr Silver* Endeavr Silver Endurance Gold* Endurance Gold Enduro Metals Enduro Metals* Energy Fuels Energy Fuels* Engineer Gold 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 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 Explorex Res* Fabled Silver Fabled Silver* Fairchild 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 Filo Mg Corp Filo Mg Corp * Finlay Minrls Fiore Gold* Fiore Gold* Fiore Gold FireFox Gold FireFox Gold* Firestone Vent* Firestone Vent Fireweed Zinc* Fireweed Zinc First Cobalt * First Cobalt First Energy First Energy* First Idaho First Majestic* First Majestic First Mg Fin * First Mg Fin First Point* First Quantum First Tellur First Tellur* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Five Star Diam* Fjordland Exp* Fjordland Exp Flow Metals Flowery Gold* Focus Graphite* Focus Graphite Focus Minerals* 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 Four Nines* Fox River Res Fox River Res* FPX Nickel Franco-Nevada* Franco-Nevada Franklin Mng* Fredonia Mg Fredonia Mg* Freegold Vent Freeman Gold Freeman Gold* Freeport McMoR* Freeport Res Fremont Gold Fresnillo plc* Frontier Lith Frontline Gold Full Metal Mnl

C 233 V 0 O 57 V 3523 C 89 O 124 O 32 V 332 V 120 O 59 N 8458 T 2572 O 99 C 553 V 565 O 246 O 229 V 525 V 372 O 36 V 8432 O 1671 V 719 O 192 V 46 O 11 C 264 X 738 V 43 O 6 V 2097 T 4251 N 18643 T 2507 O 10 V 134 V 782 O 400 T 3529 X 20518 V 449 V 18 O 8 O 255 T 115 X 11961 T 9589 O 452 V 1147 T 872 O 1008 O 3 V 185 T 819 N 111 O 72 V 591 V 591 O 1344 V 1915 V 1629 O 32 O 681 V 1359 O 25 C 129 V 691 O 53 T 980 O 166 T 0 O 13 V 7 O 17 V 884 O 48 O 1 C 1353 C 52 O 31 V 561 X 288 T 744 O 251 T 1185 V 64 O 10 O 1116 C 2 O 3 V 2064 O 635 V 49 V 386 O 59 V 264 O 31 V 246 O 370 C 2171 O 180 C 604 O 771 C 502 V 14 T 1420 O 235 V 953 O 248 O 369 V 3434 V 313 O 269 O 50 V 16 O 49 V 105 O 7271 V 16645 C 839 O 191 V 0 N 23914 T 3240 O 1950 T 3806 O 706 T 8291 C 640 O 708 V 6076 O 1749 O 5982 T 15298 V 231 O 481 O 168 V 608 C 1715 O 0 O 4164 V 3943 O 0 V 356 O 64 V 2373 T 2373 V 259 O 46 T 12111 N 56424 V 401 O 13 T 2242 O 532 C 146 O 8692 V 5731 V 558 V 145 C 37 O 10 C 154 O 2 V 729 N 2886 T 2265 O 112 V 298 O 225 T 1407 C 1825 O 661 N 122667 V 415 V 886 O 65 V 1795 V 398 V 247

THE NORTHERN MINER / NOVEMBER 22—DECEMBER 5, 2021

Week High

Low

0.22 0.00 0.13 0.16 0.22 0.00 0.03 0.04 0.13 0.11 10.32 12.97 0.55 1.38 1.31 1.01 3.55 4.48 0.86 0.65 3.94 3.34 0.05 0.04 0.80 0.66 0.14 2.89 3.68 0.01 2.10 35.94 5.95 7.49 0.23 0.34 0.27 0.21 14.33 11.39 0.05 0.29 0.27 0.74 0.94 8.63 10.84 0.12 0.14 0.45 0.36 0.08 0.09 24.56 19.45 0.10 0.12 0.12 2.71 3.40 0.10 0.08 0.22 0.28 0.16 0.19 0.55 0.42 0.38 0.37 0.00 0.11 0.14 0.10 0.14 0.11 0.04 0.08 0.35 0.31 0.39 1.52 1.91 0.38 0.49 0.13 0.10 0.54 6.00 5.03 0.11 0.09 0.15 0.35 0.27 0.10 0.08 0.13 0.16 0.18 0.27 0.34 0.27 0.33 0.07 13.51 10.60 0.12 0.07 1.36 1.70 0.29 0.23 0.10 0.13 0.63 0.80 0.36 0.43 0.24 0.19 0.00 14.67 18.20 0.28 0.34 0.43 29.14 0.20 0.14 0.30 0.24 0.95 1.19 0.04 0.04 0.09 0.13 0.04 0.08 0.07 0.09 0.00 0.11 2.42 3.08 1.12 0.27 11.60 6.95 5.52 0.75 0.60 0.15 0.13 0.14 0.34 0.42 1.15 0.33 0.55 0.44 0.54 0.38 0.51 150.64 189.12 0.02 0.33 0.30 0.47 0.54 0.42 41.60 0.16 0.03 13.38 1.46 0.03 0.19

0.19 0.00 0.10 0.12 0.21 0.00 0.03 0.00 0.12 0.00 9.55 11.92 0.53 1.14 1.09 0.86 2.88 3.72 0.77 0.61 2.88 2.30 0.05 0.03 0.00 0.61 0.12 2.65 3.30 0.01 1.83 32.59 5.01 6.26 0.23 0.30 0.24 0.19 12.79 10.24 0.04 0.00 0.23 0.61 0.82 7.73 9.65 0.09 0.12 0.38 0.30 0.00 0.00 22.53 18.10 0.08 0.10 0.10 1.80 2.25 0.00 0.06 0.17 0.21 0.16 0.15 0.50 0.41 0.32 0.00 0.00 0.00 0.00 0.00 0.12 0.09 0.04 0.07 0.34 0.31 0.35 1.35 1.69 0.37 0.46 0.09 0.10 0.49 5.30 5.03 0.09 0.07 0.00 0.30 0.24 0.09 0.07 0.12 0.13 0.16 0.25 0.30 0.22 0.28 0.00 11.73 9.49 0.10 0.05 1.17 1.47 0.26 0.21 0.10 0.00 0.60 0.73 0.29 0.36 0.20 0.16 0.00 13.26 16.54 0.23 0.30 0.38 26.75 0.15 0.12 0.26 0.21 0.77 0.97 0.00 0.03 0.09 0.00 0.04 0.08 0.05 0.06 0.00 0.10 1.87 2.34 0.95 0.19 10.54 4.78 3.81 0.69 0.00 0.13 0.09 0.14 0.30 0.38 1.01 0.00 0.50 0.41 0.51 0.38 0.47 141.87 176.71 0.00 0.00 0.00 0.42 0.46 0.36 37.27 0.13 0.03 12.20 1.24 0.00 0.17

Last

12-month Change

0.20 + 0.16 unch 0.12 + 0.16 + 0.22 + 0.00 unch 0.03 0.03 0.12 0.09 10.20 + 12.80 + 0.55 unch 1.18 1.25 + 0.97 + 3.38 + 4.23 + 0.78 0.61 3.20 2.56 0.05 unch 0.04 + 0.80 + 0.66 + 0.12 unch 2.85 + 3.57 + 0.01 unch 2.01 + 33.55 + 5.82 + 7.27 + 0.23 + 0.30 0.27 + 0.21 + 13.79 + 10.99 + 0.04 unch 0.28 0.23 + 0.70 + 0.87 + 8.51 + 10.63 + 0.11 + 0.14 + 0.45 + 0.36 + 0.06 0.08 23.95 + 19.11 + 0.08 + 0.10 + 0.10 + 2.60 + 3.28 + 0.08 0.06 0.20 + 0.24 + 0.16 unch 0.16 0.55 + 0.42 0.36 + 0.29 + 0.08 unch 0.11 0.14 unch 0.09 0.12 0.09 0.04 unch 0.07 0.35 unch 0.31 unch 0.39 + 1.41 + 1.80 + 0.38 0.48 0.11 + 0.10 unch 0.51 5.30 5.03 unch 0.11 + 0.08 + 0.15 + 0.35 + 0.27 + 0.10 unch 0.08 + 0.12 unch 0.13 0.17 0.26 0.33 0.23 0.28 0.07 + 13.00 + 10.33 + 0.12 + 0.06 1.32 + 1.67 + 0.28 + 0.22 + 0.10 unch 0.13 unch 0.60 0.76 0.30 + 0.38 + 0.20 + 0.16 + 0.10 unch 13.85 + 17.38 + 0.26 + 0.33 + 0.42 + 28.42 + 0.17 + 0.13 0.28 + 0.22 0.79 1.00 0.04 unch 0.03 + 0.09 unch 0.08 0.04 0.08 unch 0.07 + 0.09 + 0.16 unch 0.11 2.34 + 2.85 + 1.05 + 0.20 11.55 + 4.85 3.87 0.71 0.56 + 0.14 + 0.11 + 0.14 0.31 0.39 1.10 + 0.33 0.55 0.44 + 0.54 + 0.38 unch 0.51 + 149.43 + 187.50 + 0.01 0.32 0.26 0.44 0.54 + 0.42 + 41.23 + 0.13 0.03 12.80 + 1.39 + 0.03 + 0.18 +

0.02 0.00 0.02 0.04 0.01 0.00 0.00 0.01 0.01 0.02 0.54 0.76 0.00 0.17 0.10 0.04 0.31 0.43 0.05 0.05 0.67 0.56 0.00 0.00 0.06 0.06 0.00 0.21 0.28 0.00 0.05 0.56 0.61 0.80 0.00 0.02 0.03 0.01 1.01 0.71 0.00 0.01 0.00 0.04 0.03 0.74 0.99 0.02 0.02 0.07 0.05 0.01 0.02 1.40 0.94 0.00 0.01 0.01 0.93 1.15 0.02 0.02 0.02 0.02 0.00 0.04 0.02 0.00 0.04 0.03 0.00 0.00 0.00 0.01 0.02 0.01 0.00 0.01 0.00 0.00 0.03 0.02 0.08 0.01 0.01 0.01 0.00 0.00 0.70 0.00 0.01 0.01 0.01 0.03 0.02 0.00 0.01 0.00 0.01 0.02 0.01 0.01 0.03 0.04 0.01 1.00 0.69 0.01 0.00 0.12 0.18 0.01 0.01 0.00 0.00 0.08 0.04 0.02 0.03 0.02 0.02 0.00 0.43 0.69 0.02 0.03 0.03 0.77 0.01 0.01 0.01 0.01 0.12 0.13 0.00 0.00 0.00 0.05 0.01 0.00 0.02 0.03 0.00 0.01 0.47 0.52 0.01 0.02 0.98 1.46 1.22 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.05 0.02 0.04 0.03 0.03 0.00 0.04 6.44 9.62 0.01 0.03 0.04 0.01 0.08 0.05 4.19 0.01 0.01 0.70 0.14 0.01 0.02

(100s)

High Low

Stock

0.31 0.27 1.00 0.25 0.25 0.02 0.05 0.06 0.19 0.16 14.48 18.43 0.59 1.65 4.08 3.30 4.65 5.88 0.88 0.74 4.14 3.35 0.14 0.10 1.05 1.00 0.29 3.81 4.83 0.12 2.27 35.94 7.76 9.32 0.35 0.44 0.29 0.24 14.33 11.30 0.09 0.55 0.30 0.90 1.12 11.24 14.33 0.25 0.33 0.50 0.40 0.19 0.25 29.76 22.30 0.10 0.12 0.12 2.71 3.14 0.36 0.14 0.50 0.60 0.30 0.38 0.85 0.68 0.47 0.39 0.24 0.39 0.40 1.02 0.43 0.44 0.13 0.14 1.45 0.98 0.42 3.90 4.76 0.94 1.19 0.15 0.11 1.35 10.50 8.34 0.40 0.60 0.20 0.48 0.42 0.15 0.15 0.17 0.24 0.31 0.44 0.88 0.42 0.54 0.17 13.51 10.60 0.20 0.26 1.36 1.65 0.40 0.34 0.25 0.30 0.89 1.20 0.37 0.46 0.62 0.31 0.10 24.01 30.75 0.42 0.50 0.76 35.07 0.21 0.16 0.30 0.24 1.00 1.25 0.07 0.05 0.21 0.27 0.11 0.24 0.22 0.28 0.24 0.48 2.42 2.75 1.30 0.50 20.40 12.61 9.85 1.30 0.98 0.27 0.22 0.38 0.47 0.56 3.47 0.60 0.65 0.50 0.73 0.57 0.94 163.79 205.25 0.15 0.37 0.30 0.96 0.65 0.53 46.10 0.26 0.10 17.32 1.46 0.04 0.65

Full Metal Mnl* Fury Gold Fury Gold* Fuse Cobalt* Fuse Cobalt

O T X O V

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 Gensource Pot Gentor Res Geomega Res Geomega Res* Getchell Gold Getchell Gold * Getty Copper GFG Resources GFG Resources* GFM Res GGL Res GGL Res* GGX Gold* GGX Gold Giga Metals Giga Metals* Gitennes Expl Gitennes Expl * Giyani Gold* Giyani Gold GK Resources Glacier Lake Gladiator Met Glen Eagle Res* Glen Eagle Res Glencore Plc * Glencore Plc* Global Atomic* Global Atomic Global Battery* Global Battery Global Energy* Global Energy Global Gold* Global Li-Ion* Global Li-Ion GlobalMin Vent* Globex Mng* Globex Mng GMV Minerals* GMV Minerals GNCC Capital* Go Cobalt* Go Cobalt GobiMin GoGold Res Golcap Res Gold Basin Res* Gold Basin Res Gold Bull Res Gold Bull Res* Gold Fields* Gold Fields* Gold Finder Ex* Gold Finder Ex Gold Hunter Rs Gold Line Res Gold Lion Res* Gold Lion Res Gold Mountain* Gold Mountain Gold Port Gold Reserve Gold Reserve* Gold Resource* Gold Royalty* Gold State Res* Gold State Res Gold Std Vents Gold Std Vents* Gold’n Futures Gold79 Mines Gold79 Mines* Goldbank Mng Goldbelt Emp Goldcliff Res Goldcliff Res* Golden Arrow Golden Arrow* Golden Band* Golden Dawn Ml* Golden Dawn Ml Golden Goliath* Golden Goliath Golden Harp Golden Hope* Golden Hope Golden Indepen Golden Indepe* Golden Lake Golden Mnls* Golden Mnls Golden Pursuit* Golden Pursuit Golden Ridge Golden Secret Golden Share Golden Spike Golden Star* Golden Star Golden Star* Golden Tag Golden Tag* Golden Valley Golden Valley* Goldex Res Goldex Res* Goldflare Expl Goldgroup Mng* Goldgroup Mng GoldHaven Res* Goldhills Hldg GoldMining GoldON Res GoldON Res* Goldoz* Goldplay Min GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldseek Res* Goldshore Res* Goldshore Res Goldsource Min* Goldsource Min Goldstar Mnls Goldstar Mnls* Goliath Res* Goliath Res Gossan Res GoviEx Uranium GoviEx Uranium* Gowest Gold Gowest Gold* GPM Metals GR Silver* GR Silver Gran Colombia*

0.11 0.15 0.01 0.03 0.15 0.00 0.02 0.03 0.06 0.04 7.46 9.52 0.28 0.67 1.00 0.84 1.10 1.41 0.43 0.34 0.14 0.05 0.05 0.03 0.48 0.47 0.10 2.43 3.05 0.00 0.40 23.12 3.10 4.04 0.10 0.13 0.17 0.12 2.22 1.69 0.03 0.23 0.18 0.30 0.41 5.90 7.53 0.07 0.09 0.33 0.26 0.03 0.03 17.24 16.63 0.05 0.07 0.07 0.66 0.80 0.07 0.06 0.12 0.16 0.15 0.15 0.22 0.33 0.30 0.20 0.03 0.10 0.13 0.01 0.13 0.00 0.00 0.05 0.28 0.05 0.28 1.25 1.58 0.35 0.44 0.08 0.06 0.19 5.30 4.70 0.07 0.07 0.14 0.22 0.15 0.08 0.02 0.09 0.04 0.05 0.25 0.30 0.15 0.15 0.05 1.69 1.30 0.07 0.05 0.74 0.95 0.13 0.11 0.01 0.11 0.51 0.65 0.09 0.12 0.14 0.12 0.07 9.62 12.56 0.22 0.28 0.05 15.21 0.05 0.03 0.06 0.04 0.17 0.23 0.03 0.02 0.05 0.07 0.04 0.03 0.02 0.03 0.16 0.09 0.24 0.26 0.13 0.13 10.25 4.71 3.74 0.57 0.00 0.06 0.04 0.11 0.08 0.11 0.89 0.33 0.31 0.23 0.07 0.05 0.42 105.62 133.63 0.01 0.03 0.12 0.38 0.28 0.23 19.42 0.13 0.03 10.20 0.31 0.02 0.11

Exc Volume

Week

12-month

High

Low

Last

Change

High Low

13 369 1209 984 1438

0.16 0.95 0.76 0.08 0.09

0.14 0.80 0.64 0.06 0.08

0.15 0.95 0.75 0.06 0.08

+ + + -

0.00 0.15 0.10 0.01 0.01

0.57 2.37 1.85 0.26 0.33

0.00 0.76 0.60 0.02 0.03

O 110 V 167 O 38 V 175 O 1695 V 3220 V 424 O 135 T 269 X 2507 V 983 O 136 V 25 O 35 V 70 O 299 V 418 O 45 V 151 O 117 V 608 V 322 O 50 T 163 N 3224 C 142 T 1020 O 353 O 7 C 72 O 163 V 457 V 725 V 0 V 548 O 224 C 392 O 351 V 23 V 893 O 724 V 0 V 164 O 12 O 9 V 74 V 668 O 538 V 284 O 3 O 788 V 2221 V 5 V 9 V 0 O 0 V 1126 O 67 O 1340 O 1299 T 3385 O 445 V 411 O 103 V 74 O 0 O 69 C 120 O 0 O 53 T 150 O 128 V 103 O 871033 O 2 C 98 V 0 T 4235 C 138 O 8 C 144 V 622 O 395 O 2 N 24575 O 67 V 748 C 251 V 1001 O 75 C 159 O 266 V 1323 C 173 V 25 O 63 X 6175 X 3571 O 2 V 1301 T 241 X 6379 C 85 V 116 O 35 V 1 V 0 V 24 O 55 V 34 O 182 O 51 O 43 V 58 O 147 V 1550 V 0 O 6 V 127 C 229 O 105 C 243 X 6060 T 343 O 0 V 55 V 22 V 125 V 36 C 57 O 1 T 511 X 9980 V 505 O 412 V 58 O 7 V 31 O 4 V 441 O 94 T 200 O 534 V 0 T 976 V 321 O 19 O 0 V 131 V 512 C 29 O 87 O 699 C 70 O 28 O 470 V 987 O 22 V 166 V 337 O 5 O 340 V 626 V 291 V 5739 O 2368 V 140 O 85 V 79 O 657 V 1124 O 326

0.38 0.49 0.19 0.23 0.11 0.13 0.42 0.33 1.14 0.90 0.07 0.05 0.02 0.12 0.14 0.60 0.76 0.09 0.11 0.22 0.27 0.28 0.22 17.85 14.19 0.24 0.83 0.66 0.27 0.35 0.09 0.11 0.44 0.00 0.30 0.24 0.65 0.54 0.07 0.16 0.13 0.00 0.15 0.13 0.15 0.20 0.56 0.47 0.05 0.04 0.42 0.52 0.18 0.26 0.00 0.00 0.13 4.99 9.89 3.94 4.84 0.23 0.28 0.23 0.27 0.88 0.07 0.08 0.16 0.88 1.11 0.18 0.23 0.00 0.22 0.18 0.00 3.70 0.15 0.26 0.33 0.25 0.20 9.89 10.70 0.09 0.12 0.41 0.17 0.09 0.12 1.63 1.97 0.11 2.00 1.60 2.30 5.40 0.05 0.08 0.69 0.55 0.13 0.07 0.06 0.14 0.00 0.07 0.06 0.19 0.15 0.00 0.15 0.16 0.06 0.07 0.00 0.21 0.28 0.17 0.14 0.19 0.49 0.61 0.00 0.15 0.19 4.83 0.11 0.32 1.26 4.71 3.75 0.35 0.28 12.50 9.94 0.07 0.06 0.06 0.03 0.05 0.40 0.00 2.04 0.26 0.19 0.00 0.15 0.13 0.04 0.03 0.09 0.17 0.13 0.60 0.73 0.72 0.90 0.09 0.07 0.72 0.92 0.28 0.51 0.41 0.19 0.15 0.13 0.32 0.39 4.60

0.34 0.44 + 0.17 0.23 unch 0.11 + 0.13 unch 0.40 + 0.32 + 1.05 + 0.85 + 0.07 unch 0.05 0.02 0.12 unch 0.14 0.60 + 0.76 + 0.08 0.10 0.20 0.26 unch 0.27 unch 0.21 17.51 + 13.98 + 0.24 unch 0.77 + 0.65 + 0.24 0.29 0.08 + 0.11 + 0.40 0.08 unch 0.27 0.21 0.64 + 0.51 + 0.07 0.15 0.12 0.15 unch 0.15 + 0.10 unch 0.14 + 0.17 0.55 0.42 0.05 unch 0.04 unch 0.35 0.43 0.18 0.26 0.36 unch 0.08 unch 0.13 + 4.91 + 9.84 + 3.68 + 4.63 + 0.22 + 0.28 + 0.21 0.25 0.88 unch 0.06 + 0.08 unch 0.16 unch 0.88 + 1.11 + 0.16 + 0.22 + 0.00 unch 0.18 0.18 unch 0.22 unch 3.67 + 0.15 unch 0.25 0.33 + 0.22 0.18 + 9.89 + 10.52 + 0.08 + 0.10 + 0.38 0.15 + 0.09 unch 0.11 1.56 + 1.96 + 0.11 unch 1.83 1.44 2.26 + 5.23 + 0.05 0.07 0.66 + 0.54 + 0.12 0.07 unch 0.06 0.14 0.02 unch 0.07 unch 0.06 unch 0.18 unch 0.15 + 0.00 unch 0.14 0.16 + 0.05 + 0.07 + 0.17 unch 0.21 + 0.28 + 0.16 0.12 0.18 unch 0.49 + 0.60 + 0.12 unch 0.15 + 0.17 + 4.70 0.10 unch 0.31 1.26 unch 4.65 + 3.72 + 0.34 + 0.27 + 12.49 unch 9.90 unch 0.07 + 0.06 + 0.06 + 0.03 + 0.04 unch 0.38 0.25 unch 2.02 + 0.25 + 0.19 + 0.02 unch 0.15 + 0.13 + 0.04 + 0.03 0.08 + 0.16 unch 0.13 0.58 + 0.72 + 0.72 + 0.90 + 0.08 0.07 unch 0.72 + 0.91 + 0.24 0.50 + 0.39 0.17 0.09 0.13 + 0.30 + 0.38 + 4.54 +

0.01 0.01 0.02 0.00 0.00 0.00 0.04 0.03 0.05 0.04 0.00 0.00 0.01 0.00 0.01 0.13 0.17 0.00 0.01 0.02 0.00 0.00 0.01 1.45 1.07 0.00 0.03 0.06 0.03 0.04 0.01 0.02 0.02 0.00 0.03 0.02 0.12 0.08 0.01 0.02 0.01 0.00 0.05 0.00 0.00 0.02 0.01 0.02 0.00 0.00 0.04 0.06 0.01 0.04 0.00 0.00 0.01 0.14 0.36 0.11 0.17 0.01 0.02 0.01 0.03 0.00 0.00 0.00 0.00 0.12 0.17 0.01 0.03 0.00 0.04 0.00 0.00 0.21 0.00 0.01 0.02 0.01 0.01 0.41 1.19 0.00 0.01 0.03 0.01 0.00 0.02 0.03 0.08 0.00 0.19 0.14 0.33 0.38 0.02 0.01 0.06 0.06 0.02 0.00 0.00 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.00 0.06 0.08 0.00 0.02 0.01 0.07 0.00 0.02 0.00 0.04 0.01 0.07 0.06 0.00 0.00 0.01 0.02 0.01 0.01 0.00 0.02 0.00 0.28 0.08 0.04 0.00 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.14 0.16 0.05 0.06 0.01 0.00 0.17 0.24 0.03 0.01 0.01 0.01 0.05 0.02 0.02 0.02 0.30

0.50 0.63 0.29 0.34 0.28 0.35 0.94 0.78 1.84 1.44 0.14 0.12 0.03 0.23 0.29 1.03 1.35 0.29 0.36 0.50 0.60 0.60 0.47 31.08 24.00 0.63 1.23 1.02 0.67 0.80 0.22 0.28 0.48 0.11 0.60 0.47 0.77 0.61 0.11 0.23 0.18 0.15 0.45 0.29 0.17 0.21 0.86 0.70 0.14 0.10 0.70 0.87 0.30 0.40 0.36 0.13 0.18 5.43 10.79 3.94 4.84 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 1.33 1.20 0.37 3.70 0.60 0.39 0.46 0.64 0.53 12.05 12.53 0.23 0.23 0.95 0.76 0.52 0.42 2.65 3.12 0.26 2.22 1.79 3.78 7.08 0.17 0.38 1.23 0.97 0.21 0.12 0.10 0.19 0.05 0.16 0.12 0.21 0.20 0.01 0.24 0.31 0.30 0.21 0.25 0.35 0.46 0.72 0.57 0.70 1.30 1.65 0.19 0.25 0.41 5.44 0.17 0.49 3.49 5.42 4.25 0.65 0.52 13.40 10.79 0.09 1.10 0.10 0.06 0.08 0.87 0.33 3.23 1.14 0.86 0.02 0.20 0.43 0.06 0.05 0.10 0.35 0.18 1.75 0.98 1.12 1.60 0.21 0.16 1.31 1.62 0.35 0.59 0.47 0.46 0.35 0.15 0.74 0.92 6.61

0.25 0.35 0.15 0.20 0.08 0.10 0.22 0.17 0.85 0.66 0.06 0.04 0.01 0.09 0.12 0.42 0.52 0.01 0.09 0.19 0.23 0.25 0.20 7.77 5.95 0.16 0.50 0.38 0.24 0.21 0.07 0.09 0.19 0.05 0.18 0.13 0.31 0.24 0.04 0.12 0.10 0.07 0.10 0.08 0.08 0.10 0.33 0.27 0.05 0.04 0.15 0.18 0.10 0.20 0.36 0.04 0.05 2.44 4.82 0.47 0.62 0.05 0.09 0.12 0.16 0.25 0.01 0.07 0.00 0.47 0.62 0.13 0.16 0.00 0.09 0.18 0.19 1.46 0.08 0.02 0.24 0.18 0.14 8.00 7.75 0.03 0.05 0.30 0.13 0.08 0.08 1.04 0.76 0.10 1.50 1.22 1.55 3.39 0.05 0.05 0.54 0.43 0.05 0.06 0.04 0.10 0.02 0.07 0.05 0.15 0.12 0.00 0.08 0.11 0.00 0.04 0.16 0.20 0.24 0.11 0.09 0.12 0.40 0.50 0.10 0.10 0.12 2.30 0.08 0.29 0.34 2.58 2.04 0.22 0.17 6.01 4.81 0.06 0.00 0.04 0.02 0.04 0.26 0.08 1.40 0.15 0.00 0.00 0.13 0.11 0.03 0.02 0.02 0.11 0.13 0.26 0.53 0.55 0.74 0.07 0.05 0.13 0.16 0.08 0.13 0.10 0.16 0.09 0.05 0.20 0.25 3.37

G-H 0.34 0.44 0.17 0.22 0.10 0.13 0.35 0.27 1.01 0.81 0.06 0.05 0.00 0.12 0.00 0.47 0.60 0.07 0.09 0.20 0.25 0.25 0.21 15.41 12.37 0.00 0.70 0.55 0.24 0.29 0.07 0.00 0.39 0.00 0.26 0.21 0.50 0.40 0.00 0.14 0.11 0.00 0.10 0.10 0.13 0.00 0.47 0.37 0.05 0.04 0.21 0.39 0.00 0.00 0.00 0.00 0.11 4.68 9.40 3.38 4.21 0.20 0.26 0.19 0.24 0.88 0.06 0.07 0.00 0.74 0.92 0.15 0.19 0.00 0.00 0.00 0.00 3.22 0.15 0.00 0.31 0.21 0.17 0.00 9.30 0.07 0.10 0.38 0.14 0.09 0.10 1.46 1.81 0.11 1.80 1.44 1.90 4.80 0.05 0.00 0.59 0.48 0.11 0.00 0.05 0.00 0.00 0.00 0.05 0.00 0.14 0.00 0.11 0.00 0.04 0.06 0.00 0.20 0.24 0.15 0.12 0.17 0.40 0.50 0.00 0.00 0.00 4.65 0.00 0.00 1.26 4.59 3.69 0.27 0.22 12.26 9.90 0.00 0.06 0.05 0.03 0.04 0.37 0.00 1.71 0.17 0.14 0.00 0.00 0.12 0.04 0.03 0.05 0.16 0.13 0.44 0.55 0.65 0.83 0.00 0.07 0.49 0.62 0.21 0.43 0.34 0.00 0.09 0.00 0.27 0.36 4.16

(100s) Stock

Exc Volume

Week High

Gran Colombia Granada Gold Granada Gold* Grande Portage Grande Portage* Granite Creek* Granite Creek Graphano Egy Graphite One* Graphite One Gratomic* Gratomic Graycliff Exp Great Atlantic Great Bear Res Great Bear Res* Great Panther* Great Panther Great Quest Fe Great Western* Green Battery Green River* Green River Green Swan Cap Green Valley M Greencastle Rs Greenhawk Res Greenland M&En* Greenland Res Greenshield Ex Grid Metals Grid Metals* Grizzly Discvr* Grizzly Discvr Grosvenor Res Group Eleven Group Ten Mtls* Group Ten Mtls GSP Resource Guanajuato Sil* Guanajuato Sil Guardian Exp Gungnir Res* Gungnir Res Gunpoint Expl Guyana Goldstr Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Hanstone Gold* Happy Ck Mnrls Harfang Explor Harmony Gold* Harte Gold Harte Gold* Harvest Gold* Harvest Gold Hawkeye Gld&Di Hawkmoon Res Headwater Gold Headwater Gold* Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl* Hemlo Expl HFX Holding Highbank Res Highbury Proj HighGold HighGold* Highland Copp Highland Copp* Highway 50 Gld Highway 50 Gld* Highwood Asset Hochschild Mg* Homerun Res Honey Badger Honey Badger* Horizon Mnls* Horizonte Mnls* Horizonte Mnls HudBay Min* HudBay Min Hudson Res Hudson Res* Hunt Mng* Hunt Mng Hylands Intl i-80 Gold* i-80 Gold

T 2486 V 529 O 299 V 1009 O 673 O 507 V 552 V 550 O 299 V 686 O 318 V 1882 C 518 V 373 V 564 O 166 X 111251 T 7670 V 1733 O 2 V 675 O 25 C 381 V 354 V 12 V 166 C 609 O 12918 1819 V 649 V 865 O 157 O 103 V 221 V 0 V 159 O 1117 V 2070 V 199 O 718 V 2095 V 195 O 207 V 2124 V 0 V 0 V 0 V 309 O 162 V 60 O 30 V 870 V 163 N 40608 T 22460 O 1790 O 12 V 124 V 353 C 683 C 169 O 81 N 37914 O 423 V 368 O 86 O 38 V 56 V 0 V 0 V 0 V 906 O 284 V 322 O 175 V 2 O 4 V 1 O 91 V 0 V 1197 O 557 O 0 O 97 T 142 N 4885 T 7810 V 1104 O 302 O 2 V 298 V 30 O 269 T 2461

5.70 0.11 0.09 0.68 0.55 0.19 0.23 0.65 1.48 1.85 1.05 1.31 0.34 0.39 22.16 17.69 0.40 0.49 0.05 0.00 0.14 0.04 0.06 0.07 0.60 0.15 0.08 0.09 0.70 1.55 0.13 0.10 0.04 0.05 0.00 0.13 0.34 0.43 0.22 0.48 0.59 0.07 0.15 0.20 0.00 0.00 0.00 0.29 0.23 0.21 0.19 0.05 0.29 4.17 0.03 0.02 0.12 0.15 0.02 0.10 0.25 0.23 6.53 0.70 0.87 2.29 0.17 0.23 0.00 0.00 0.00 1.68 1.36 0.13 0.09 0.23 0.22 10.60 2.40 0.00 0.08 0.07 0.00 0.15 0.15 7.43 9.34 0.09 0.08 0.04 0.05 0.03 2.79 3.40

I-Minerals* I-Minerals IAMGOLD IAMGOLD* Icon Explor* Iconic Mnls Iconic Mnls * Idaho Champion* Idaho Champion IEMR Res iMetal Res* iMetal Res IMPACT Silver Impala Platnm* Imperial Metal Imperial Metal* Imperial Mg Gr* Imperial Mg Gr Inca One Gold* Inca One Gold Inception Mng * Independence G* Independence G Indiana Res* Indigo Expl Infield Min Infinite Ore* Infinite Ore Inflection Res Inomin Mines Intact Gold* Intact Gold Integra Res Integra Res* Inter-Rock Mnl Interconnect Intercontinent Interra Copper Interra Copper* Intl Battery* Intl Battery Intl Bethl Mng Intl Iconic* Intl Iconic Intl Lithium Intl Lithium* Intl Prospect Intl Prospect * Intl Star* Intl Tower Hil* Intl Tower Hil Intl Zeolite Intl Zeolite* Intrepid Pots* Inventus Mg * Inventus Mg InZinc Mining InZinc Mining* Ion Energy* Ion Energy Irving Res Irving Res* IsoEnergy Ltd Itafos* Itafos Itoco Inc* Ivanhoe Mines* Ivanhoe Mines Jade Leader* Jade Leader Jaeger Res * Jaeger Res Jaguar Mng Jaguar Mng* Japan Gold Japan Gold* Jasper Mining* Jasper Mining Jaxon Mining* Jaxon Mining Jayden Res* Jayden Res Jazz Res

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

0.03 0.03 4.23 3.37 0.00 0.23 0.19 0.10 0.12 0.00 0.04 0.06 0.69 13.52 3.91 3.13 0.12 0.14 0.33 0.41 0.01 0.08 0.10 0.05 0.07 0.07 0.12 0.15 0.19 0.10 0.06 0.08 3.17 2.54 0.49 0.00 0.12 0.14 0.12 0.68 0.85 0.05 0.05 0.06 0.13 0.11 0.18 0.36 0.01 0.97 1.20 0.15 0.10 47.44 0.13 0.17 0.05 0.04 0.50 0.59 1.15 0.91 6.53 1.07 1.35 0.24 8.38 10.53 0.00 0.09 0.00 0.03 5.17 4.08 0.33 0.25 0.05 0.07 0.05 0.06 0.46 0.62 0.75

Low

Last

12-month Change

5.18 5.70 + 0.10 0.11 unch 0.07 0.09 + 0.52 0.65 + 0.40 0.53 + 0.15 0.16 0.19 0.21 + 0.45 0.65 + 1.33 1.45 + 1.69 1.85 + 0.95 0.99 + 1.19 1.25 + 0.30 0.32 0.32 0.35 + 19.75 22.10 + 15.90 17.45 + 0.25 0.27 0.31 0.35 0.05 0.05 0.00 0.00 unch 0.12 0.14 + 0.04 0.04 + 0.05 0.06 0.00 0.07 + 0.00 0.60 + 0.00 0.14 + 0.00 0.07 0.04 0.06 0.57 0.66 + 1.50 1.50 0.11 0.12 0.09 0.09 0.03 0.04 0.00 0.04 0.00 0.14 unch 0.12 0.13 + 0.29 0.33 + 0.37 0.41 + 0.20 0.20 0.40 0.47 + 0.52 0.59 + 0.00 0.06 0.00 0.12 0.16 0.16 0.00 0.60 unch 0.00 0.13 unch 0.00 0.05 unch 0.24 0.26 0.21 0.21 0.00 0.20 + 0.18 0.18 unch 0.00 0.05 + 0.00 0.27 3.55 4.07 + 0.02 0.03 unch 0.02 0.02 0.09 0.12 + 0.00 0.14 + 0.02 0.02 0.09 0.10 unch 0.23 0.23 0.18 0.19 5.85 6.42 + 0.60 0.67 0.74 0.84 2.05 2.10 0.17 0.17 unch 0.00 0.21 0.00 0.04 unch 0.00 0.02 unch 0.00 0.26 unch 1.57 1.61 1.26 1.28 0.09 0.13 + 0.07 0.09 + 0.00 0.23 0.22 0.22 unch 0.00 10.00 2.05 2.30 + 0.00 0.10 unch 0.07 0.08 + 0.05 0.07 + 0.00 0.00 unch 0.05 0.12 + 0.00 0.14 unch 6.82 7.37 + 8.51 9.24 + 0.08 0.08 0.05 0.06 0.00 0.04 + 0.00 0.05 unch 0.00 0.03 unch 2.47 2.65 + 3.07 3.34 +

High Low

0.43 0.00 0.01 0.13 0.10 0.00 0.01 0.15 0.09 0.15 0.02 0.06 0.01 0.03 2.13 1.37 0.12 0.15 0.01 0.00 0.02 0.00 0.01 0.01 0.07 0.02 0.01 0.04 0.06 0.04 0.01 0.01 0.00 0.01 0.00 0.01 0.03 0.05 0.02 0.05 0.07 0.02 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.01 0.44 0.00 0.00 0.01 0.01 0.01 0.00 0.03 0.02 0.43 0.01 0.01 0.15 0.00 0.03 0.00 0.00 0.00 0.01 0.02 0.03 0.01 0.04 0.00 1.00 0.22 0.00 0.01 0.01 0.00 0.02 0.00 0.57 0.78 0.01 0.01 0.01 0.00 0.00 0.18 0.27

8.40 0.25 0.19 0.78 0.65 0.24 0.29 0.80 1.89 2.40 1.51 1.84 2.86 0.88 21.20 17.69 1.16 1.47 0.17 0.01 0.72 0.07 0.08 0.12 1.81 0.26 0.70 0.30 0.77 1.55 0.34 0.27 0.07 0.08 0.17 0.18 0.50 0.51 0.50 0.70 0.74 0.20 0.25 0.32 0.75 0.20 0.16 0.62 0.49 0.63 0.35 0.15 0.62 5.76 0.18 0.15 0.19 0.24 0.05 0.20 0.65 0.27 9.44 1.47 1.81 2.32 0.64 0.90 0.11 0.03 0.26 2.37 1.82 0.15 0.12 0.47 0.37 19.00 3.77 0.13 0.18 0.20 0.08 0.15 0.18 9.60 11.62 0.38 0.29 0.23 0.16 0.06 2.86 3.54

4.50 0.09 0.07 0.24 0.18 0.10 0.12 0.27 0.28 0.37 0.11 0.14 0.30 0.32 12.80 10.08 0.25 0.31 0.04 0.00 0.07 0.04 0.05 0.04 0.26 0.08 0.06 0.04 0.30 0.14 0.09 0.07 0.02 0.03 0.14 0.06 0.20 0.27 0.19 0.15 0.20 0.06 0.03 0.04 0.57 0.09 0.04 0.22 0.16 0.18 0.18 0.04 0.25 3.00 0.02 0.02 0.00 0.12 0.02 0.08 0.19 0.15 4.65 0.54 0.69 0.75 0.17 0.20 0.03 0.01 0.20 0.98 0.79 0.04 0.03 0.23 0.20 4.72 1.75 0.04 0.06 0.00 0.00 0.05 0.10 5.11 6.70 0.07 0.05 0.01 0.04 0.03 1.88 2.26

0.01 0.01 0.40 0.29 0.00 0.02 0.01 0.02 0.03 0.00 0.00 0.00 0.05 0.21 0.06 0.08 0.00 0.01 0.03 0.00 0.00 0.02 0.02 0.00 0.01 0.01 0.01 0.02 0.01 0.01 0.02 0.03 0.08 0.04 0.00 0.00 0.00 0.03 0.02 0.01 0.02 0.02 0.00 0.01 0.00 0.00 0.01 0.21 0.00 0.23 0.30 0.01 0.01 0.53 0.00 0.01 0.01 0.00 0.01 0.02 0.17 0.13 0.31 0.10 0.14 0.00 0.53 0.77 0.00 0.02 0.00 0.01 0.64 0.46 0.01 0.00 0.00 0.00 0.00 0.00 0.03 0.03 0.02

0.05 0.06 5.04 3.95 0.13 0.37 0.30 0.21 0.26 0.05 0.15 0.20 1.22 21.00 6.25 4.92 0.90 0.24 0.49 0.64 0.05 0.15 0.19 0.07 0.11 0.42 0.19 0.23 0.49 0.23 0.06 0.12 5.16 4.08 0.50 0.11 0.26 0.34 0.27 0.78 0.99 0.12 0.10 0.09 0.16 0.13 0.25 0.40 0.02 1.57 2.05 0.33 0.24 52.91 0.26 0.33 0.08 0.05 1.40 0.67 2.89 2.20 6.61 1.55 1.90 0.35 8.38 10.53 0.08 0.11 0.04 0.06 11.30 9.30 0.47 0.38 0.13 0.21 0.08 0.10 0.83 1.05 0.99

0.01 0.03 2.75 2.16 0.00 0.09 0.07 0.06 0.07 0.02 0.04 0.05 0.42 10.38 3.26 2.53 0.08 0.07 0.18 0.30 0.01 0.04 0.05 0.04 0.06 0.06 0.04 0.05 0.13 0.06 0.03 0.05 2.59 2.12 0.37 0.08 0.10 0.10 0.07 0.09 0.11 0.03 0.03 0.04 0.04 0.03 0.09 0.07 0.00 0.62 0.79 0.06 0.05 9.21 0.08 0.10 0.03 0.02 0.13 0.27 0.92 0.74 1.30 0.88 0.23 0.02 4.27 5.60 0.03 0.05 0.02 0.02 3.70 1.25 0.25 0.20 0.03 0.05 0.05 0.05 0.16 0.18 0.23

I-J-K 67 51 9342 41914 0 736 565 723 942 0 75 117 908 2 133 18 298 399 12 34 5204 15 364 1 85 242 680 8284 522 473 5 5 374 592 10 0 44 216 75 253 83 187 90 40 2480 2021 286 78 90809 1608 93 164 25 436 296 201 300 193 136 677 181 395 1402 24 32 296 901 7289 0 81 0 22 513 218 237 283 3 1 1 168 1 617 153

0.02 0.02 0.00 0.03 3.71 4.16 + 2.98 3.32 + 0.00 0.05 unch 0.20 0.21 0.16 0.16 0.07 0.07 0.09 0.09 0.00 0.04 unch 0.04 0.04 0.05 0.05 unch 0.60 0.68 + 0.00 13.52 + 3.61 3.77 2.91 3.02 0.10 0.11 0.00 0.13 0.30 0.30 0.38 0.40 unch 0.01 0.01 0.05 0.07 + 0.00 0.10 + 0.05 0.05 unch 0.00 0.07 + 0.00 0.07 + 0.09 0.11 + 0.11 0.14 + 0.16 0.17 0.00 0.10 0.00 0.04 0.00 0.08 + 2.90 3.09 + 2.33 2.46 + 0.00 0.49 unch 0.00 0.10 unch 0.00 0.12 unch 0.12 0.12 0.09 0.09 0.62 0.65 0.80 0.80 0.00 0.05 + 0.03 0.05 + 0.00 0.06 + 0.12 0.13 unch 0.09 0.10 0.16 0.17 0.12 0.36 + 0.01 0.01 0.69 0.94 + 0.85 1.19 + 0.13 0.14 0.10 0.10 43.40 44.27 0.12 0.13 + 0.00 0.16 0.00 0.05 0.04 0.04 unch 0.44 0.47 + 0.56 0.59 + 0.92 1.15 + 0.74 0.91 + 5.36 5.38 0.95 1.07 + 0.00 1.34 + 0.21 0.22 7.54 8.34 + 9.58 10.46 + 0.00 0.06 unch 0.00 0.09 + 0.00 0.02 unch 0.00 0.03 + 4.36 5.07 + 3.39 4.04 + 0.29 0.30 0.23 0.24 0.05 0.05 unch 0.00 0.07 unch 0.05 0.05 unch 0.00 0.06 unch 0.46 0.46 0.00 0.55 + 0.00 0.70 +

(100s) Stock

Exc Volume

Week High

Jervois Mining Jervois Mining* 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 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 Kore Mining Kore Mining * Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

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

1039 1167 2005 490 4657 0 5 22 210 4 1009 553 3367 737 81 456 300 635 240 211 326 14 375 20820 1 70 114 516 683 50 178 0 0 74 79 9 244 390 1192 3570 827 6 11 1 22794 92210 572 260 4 3717 9532 162 107 440 2072 92 30 742 352 833 266 1497 383 514 269 244 3894 57

0.52 0.46 1.42 0.03 0.07 0.00 0.25 0.15 0.22 0.99 0.24 0.20 8.25 6.56 0.19 0.05 0.04 0.24 0.97 0.65 0.15 0.48 4.00 0.00 0.10 0.13 0.83 0.05 0.17 0.13 0.09 0.00 0.00 0.12 0.15 0.05 0.07 0.48 0.55 0.05 0.07 0.13 0.16 0.11 8.74 6.97 0.21 1.45 1.08 57.47 45.80 0.20 0.17 0.07 0.08 0.99 0.42 0.52 0.25 0.29 0.02 0.51 0.42 0.93 1.41 1.14 0.05 0.04

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

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

60 989 1892 132 246 1614 6446 15 2318 1916 502 550 1 504 0 0 85 903 929 1195 26659 598 270 383 170 349 11 242 91 982 857 0 5 3 318 0 2 538 417 3 4270 25349 2651 1055 1674 126 348 1480 60 138 0 1675 499 61 583 54 0 12 11 50 1661 267 4180 58 97 174 840 387 1615 1477 15495 11 59 658 689

0.10 0.79 0.99 0.12 30.13 36.27 0.83 0.61 1.05 0.01 12.09 15.09 0.10 0.12 0.00 0.00 0.56 0.70 0.38 0.48 6.57 0.28 0.44 0.54 0.14 0.23 0.18 11.00 0.42 0.51 1.04 0.00 0.33 0.48 0.25 0.00 0.17 1.09 0.87 0.05 45.40 36.49 0.77 0.64 0.34 0.24 0.29 0.72 0.08 0.10 0.00 0.12 0.11 0.67 0.86 0.28 8.03 10.99 0.18 0.14 0.68 0.10 0.13 0.42 0.53 0.51 0.64 0.47 12.73 9.20 11.17 0.04 0.05 5.92 5.97

Macarthur Min Macarthur Min* MacDonald Mns* MacDonald Mns Madeira Mrnls Madoro Metals* Madoro Metals MAG Silver Magellan Gold* Magna Gold Magna Gold* Magna Mining Magna Terra* Magna Terra Magnum Goldco Majestic Gold* Majestic Gold Major Precious* 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*

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

163 246 166 134 0 181 82 1538 6 461 297 412 0 539 87 2 625 46 46 60 262 468 394 34 10 185 70 342 587 27 110

0.39 0.30 0.03 0.04 0.00 0.06 0.07 26.94 0.78 1.12 0.99 0.47 0.09 0.14 0.09 0.05 0.07 0.27 0.15 0.12 0.42 0.34 0.42 0.12 0.14 2.95 2.30 0.30 0.38 0.07 0.05

Low

Last

21

12-month Change

0.48 0.52 + 0.38 0.41 + 1.25 1.38 + 0.03 0.03 0.05 0.06 0.00 0.79 unch 0.24 0.24 unch 0.00 0.15 0.17 0.21 + 0.96 0.97 0.18 0.19 0.15 0.16 7.34 8.12 + 5.61 6.47 + 0.17 0.17 0.00 0.04 0.03 0.03 0.22 0.23 0.90 0.93 0.54 0.65 + 0.14 0.15 + 0.00 0.46 unch 3.74 3.91 + 0.00 0.00 unch 0.00 0.10 0.00 0.13 unch 0.75 0.81 + 0.00 0.04 unch 0.14 0.16 + 0.10 0.13 + 0.08 0.08 0.00 0.10 unch 0.00 0.13 unch 0.11 0.12 + 0.00 0.15 + 0.05 0.05 + 0.00 0.06 0.37 0.40 + 0.46 0.50 + 0.04 0.04 0.00 0.06 0.00 0.13 0.00 0.15 0.00 0.11 7.68 8.69 + 6.16 6.94 + 0.00 0.21 + 1.02 1.06 0.88 0.88 51.98 56.21 + 41.76 44.79 + 0.18 0.19 0.14 0.15 0.05 0.06 + 0.07 0.08 + 0.93 0.96 0.38 0.40 0.48 0.49 0.19 0.23 + 0.24 0.29 + 0.02 0.02 unch 0.39 0.49 + 0.32 0.39 + 0.74 0.82 1.25 1.30 1.01 1.05 0.04 0.05 + 0.03 0.04 +

High Low

0.03 0.01 0.11 0.00 0.01 0.00 0.00 0.00 0.03 0.01 0.04 0.01 0.84 0.61 0.02 0.01 0.01 0.01 0.08 0.10 0.02 0.00 0.15 0.00 0.01 0.00 0.05 0.00 0.01 0.03 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.03 0.03 0.01 0.01 0.02 0.01 0.01 0.96 0.73 0.04 0.09 0.11 3.68 2.59 0.02 0.01 0.01 0.01 0.02 0.02 0.02 0.05 0.05 0.00 0.07 0.05 0.01 0.05 0.01 0.01 0.00

0.61 0.51 1.49 0.20 0.18 0.90 0.32 0.41 0.52 2.25 0.74 0.66 9.36 7.60 0.40 0.09 0.07 0.59 1.95 0.65 0.31 0.94 4.00 0.02 0.17 0.50 1.75 0.06 0.26 0.21 0.24 0.60 0.44 0.29 0.39 0.09 0.12 2.38 0.80 0.18 0.24 0.28 0.24 0.16 10.64 8.34 0.24 1.45 1.08 60.31 46.98 0.27 0.22 0.26 0.34 1.94 0.48 0.61 0.40 0.45 0.22 2.01 1.55 4.09 3.13 2.47 0.05 0.04

0.26 0.17 0.65 0.02 0.02 0.59 0.08 0.08 0.12 0.31 0.20 0.15 5.75 4.42 0.15 0.03 0.03 0.22 0.70 0.10 0.12 0.32 2.25 0.00 0.10 0.13 0.65 0.02 0.10 0.10 0.06 0.10 0.01 0.09 0.12 0.03 0.04 0.33 0.40 0.04 0.06 0.05 0.13 0.10 6.56 5.18 0.08 0.15 0.01 40.07 31.72 0.17 0.13 0.00 0.05 0.80 0.10 0.23 0.12 0.17 0.02 0.35 0.28 0.16 0.88 0.83 0.01 0.00

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

0.00 0.10 0.11 0.01 0.38 0.77 0.08 0.01 0.00 0.00 0.44 0.41 0.00 0.00 0.00 0.00 0.06 0.06 0.03 0.04 0.07 0.01 0.02 0.01 0.01 0.03 0.02 3.00 0.03 0.04 0.07 0.00 0.00 0.03 0.00 0.00 0.03 0.07 0.05 0.00 2.47 1.72 0.02 0.01 0.01 0.04 0.03 0.08 0.01 0.01 0.00 0.02 0.02 0.10 0.16 0.04 0.00 0.39 0.01 0.00 0.01 0.01 0.01 0.01 0.04 0.07 0.05 0.01 0.91 0.06 0.03 0.01 0.01 0.55 0.43

0.10 1.50 1.85 0.95 42.40 50.45 0.86 0.85 1.12 0.09 18.71 22.96 0.18 0.23 0.18 0.24 0.61 0.75 0.39 0.48 7.25 0.42 1.47 1.00 0.16 0.99 0.65 11.00 0.73 0.89 1.50 0.90 1.00 1.02 0.41 0.35 0.25 1.84 1.45 0.11 45.40 36.49 1.15 0.89 1.22 0.26 0.33 0.92 0.11 0.15 0.37 0.28 0.22 0.97 1.16 4.20 8.55 11.11 0.60 0.27 1.00 0.54 0.15 0.80 0.66 0.79 1.00 0.94 12.93 13.11 16.07 0.07 0.08 5.92 5.97

0.05 0.24 0.30 0.03 18.23 23.47 0.04 0.53 0.21 0.00 9.72 9.40 0.09 0.11 0.08 0.10 0.14 0.18 0.13 0.18 0.49 0.17 0.28 0.35 0.12 0.15 0.11 3.05 0.27 0.34 0.68 0.33 0.01 0.26 0.17 0.11 0.11 0.99 0.77 0.05 11.40 8.95 0.14 0.11 0.16 0.01 0.07 0.18 0.05 0.05 0.19 0.04 0.03 0.38 0.50 0.18 4.39 5.50 0.14 0.12 0.50 0.04 0.06 0.18 0.28 0.42 0.54 0.44 9.11 6.52 8.54 0.00 0.04 2.26 2.31

0.33 0.38 + 0.00 0.30 + 0.03 0.03 + 0.00 0.04 unch 0.00 0.03 unch 0.05 0.05 0.00 0.07 25.47 26.32 + 0.66 0.78 + 0.97 1.02 + 0.58 0.82 + 0.39 0.43 + 0.09 0.09 unch 0.11 0.14 + 0.00 0.09 + 0.00 0.05 0.06 0.06 unch 0.00 0.27 + 0.00 0.15 unch 0.10 0.12 + 0.36 0.42 + 0.31 0.34 + 0.39 0.42 unch 0.11 0.11 0.00 0.13 unch 2.56 2.85 + 2.11 2.22 + 0.27 0.29 + 0.34 0.37 unch 0.00 0.07 unch 0.00 0.05 +

0.04 0.01 0.00 0.00 0.00 0.01 0.01 0.50 0.02 0.06 0.06 0.04 0.00 0.03 0.01 0.00 0.00 0.03 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.10 0.01 0.01 0.00 0.00 0.00

0.70 0.54 0.08 0.10

0.29 0.25 0.03 0.04

0.14 0.18 31.21 1.40 1.25 1.00 0.65 0.16 0.25 0.18 0.07 0.07 2.00 0.85 0.65 1.75 0.39 0.44 0.39 0.21 3.68 3.00 0.82 1.04 0.10 0.09

0.05 0.07 17.88 0.66 0.73 0.57 0.30 0.09 0.10 0.04 0.03 0.05 0.15 0.10 0.08 0.36 0.19 0.25 0.00 0.07 1.17 0.90 0.13 0.17 0.07 0.04

L 0.10 0.62 0.78 0.11 27.65 34.43 0.70 0.00 0.90 0.01 10.75 13.36 0.10 0.11 0.00 0.00 0.49 0.61 0.29 0.36 5.04 0.25 0.34 0.43 0.13 0.19 0.15 7.29 0.36 0.45 0.90 0.00 0.32 0.00 0.22 0.00 0.00 0.97 0.78 0.05 39.51 31.84 0.65 0.53 0.31 0.02 0.22 0.61 0.08 0.00 0.00 0.10 0.08 0.00 0.68 0.18 0.00 10.50 0.00 0.14 0.65 0.08 0.10 0.38 0.47 0.43 0.55 0.44 11.32 8.31 10.52 0.00 0.00 5.17 5.22

0.10 0.77 0.96 0.11 28.70 35.99 0.76 0.60 0.99 0.01 11.38 14.29 0.10 0.11 0.11 0.16 0.53 0.68 0.33 0.42 5.43 0.26 0.40 0.50 0.13 0.22 0.18 11.00 0.38 0.48 1.00 0.40 0.33 0.48 0.25 0.11 0.17 0.97 0.78 0.05 43.15 34.39 0.73 0.59 0.32 0.22 0.27 0.72 0.08 0.10 0.30 0.12 0.10 0.66 0.83 0.21 8.03 10.99 0.16 0.14 0.67 0.08 0.10 0.39 0.51 0.51 0.60 0.45 12.40 8.78 11.02 0.03 0.05 5.90 5.87

M

22

WWW.NORTHERNMINER.COM

NOVEMBER 22—DECEMBER 5, 2021 / THE NORTHERN MINER

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

Exc Volume

Manitou Gold * Manitou Gold Manning Vent Manning Vent* Mantaro Prec* Mantaro Prec Maple Gold* Maple Gold Marathon Gold* Marathon Gold Margaret Lake Marimaca Cop* Marimaca Cop Maritime Res Martina Mnls MartinMarietta* Marvel Discov* Marvel Discov Mas Gold Mascota Res* Masivo Silver* Masivo Silver Mason Graphite* Mason Graphite Matachewan Con Matica Ent Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent MaxTech Vent* Maxwell Res* Mayfair Gold* Mayfair Gold Mazarin McChip Res McEwen Mng* McEwen Mng McLaren Res MDN Inc* Mechel* Medallion Res Medallion Res* Medaro Mining Medaro Mining* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium* Mega Uranium MegaWatt Lith MegaWatt Lith* MegumaGold* MegumaGold Melkior Res Melkior Res* Meridian Mg Meridian Mg * Meryllion Res* Meryllion Res MetalCorp Metalex Vent Metallic Mnrls Metallic Mnrls* Metallica Met* Metallica Met Metallica Min* Metallis Res Metallum Res 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 Millbank Mg MillenMin Vent Millennial Lit* Millennial Lit Millennial Pr* 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 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 Montage Gold Montage Gold* Montego Res 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*

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

453 1002 364 1 139 975 1789 1679 490 5742 1578 3 39 2305 0 1757 312 913 155 13 25 78 1134 1671 17 47 192 551 427 1808 880 754 576 1 21 847 2 10 15965 988 10 77 1504 403 959 1724 1118 738 162 34861 0 1356 4260 605 270 1273 615 261 38 1702 194 0 261 149 210 1867 1344 24 281 247 59 85 2 4 3 213 184 55 566 223 700 591 0 164 604 33 144 13 0 254 860 185 8919 99 316 812 1 3022 1630 3 185 6188 12088 61 227 23 77 227 4 1704 200 376 0 259 11 139 562 193 4 29 1681 4308 80 422 396 21 2 1589 188 37 5 115 136 309 100 444 317 372 38747 801 64 377 2163 4326 2584 175 30 888 2459 10 431 119

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 Copper* Nevada Expl Nevada Expl *

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

10982 36 644 675 87 10 9 3827 1441 1673 155 406 25 16 8891 1711 1163 440

Week High

Low

Last

12-month Change

0.06 0.05 0.05 0.07 0.00 0.06 0.15 0.10 0.10 0.11 0.11 0.11 unch 0.24 0.17 0.18 0.24 0.20 0.21 0.31 0.26 0.29 + 0.36 0.34 0.36 + 2.70 2.18 2.60 + 3.40 2.73 3.28 + 0.04 0.03 0.03 3.31 3.25 3.28 4.17 4.05 4.11 + 0.15 0.13 0.13 0.00 0.00 0.07 unch 435.62 410.82 419.55 + 0.10 0.08 0.09 + 0.13 0.11 0.12 + 0.11 0.00 0.11 unch 2.65 0.00 2.65 + 0.06 0.06 0.06 + 0.08 0.00 0.08 + 0.59 0.42 0.58 + 0.74 0.53 0.70 + 0.21 0.00 0.21 0.45 0.00 0.45 + 6.76 6.21 6.73 + 5.39 5.00 5.39 + 0.18 0.14 0.18 + 0.22 0.17 0.21 + 0.21 0.18 0.19 unch 0.04 0.04 0.04 0.04 0.03 0.03 0.06 0.06 0.06 + 0.60 0.00 0.60 + 0.80 0.57 0.80 + 0.15 0.00 0.15 + 0.92 0.00 0.88 unch 1.18 1.09 1.18 + 1.48 1.37 1.48 + 0.06 0.06 0.06 unch 0.33 0.30 0.32 4.16 3.87 3.95 + 0.14 0.12 0.13 0.12 0.10 0.10 0.91 0.85 0.90 + 0.85 0.68 0.73 + 0.03 0.01 0.02 0.03 0.03 0.03 + 0.00 0.00 0.00 + 0.00 0.00 0.15 unch 0.34 0.27 0.30 0.40 0.34 0.37 unch 0.19 0.16 0.18 + 0.16 0.13 0.15 + 0.05 0.04 0.04 + 0.05 0.05 0.05 + 0.40 0.28 0.36 + 0.29 0.20 0.29 + 1.34 1.12 1.34 + 1.07 0.93 1.07 + 0.00 0.00 0.07 unch 0.09 0.08 0.08 0.05 0.00 0.05 + 0.04 0.00 0.04 unch 0.58 0.35 0.53 + 0.47 0.29 0.42 + 0.12 0.09 0.11 + 0.14 0.11 0.14 + 0.02 0.02 0.02 + 0.37 0.00 0.35 + 0.09 0.07 0.07 0.58 0.58 0.58 unch 2.38 0.00 2.31 1.95 1.95 1.95 unch 0.11 0.10 0.11 0.14 0.13 0.13 0.28 0.27 0.27 0.37 0.34 0.34 0.05 0.04 0.04 0.09 0.08 0.09 + 0.07 0.06 0.07 + 0.00 0.00 0.12 unch 0.62 0.55 0.58 0.42 0.38 0.40 + 0.26 0.22 0.22 0.33 0.00 0.30 unch 0.50 0.00 0.50 + 0.00 0.00 0.05 unch 4.06 3.57 3.82 4.83 4.77 4.80 + 0.94 0.28 0.44 + 0.56 0.45 0.55 + 0.02 0.00 0.01 0.06 0.05 0.06 0.08 0.07 0.08 unch 0.09 0.00 0.09 + 0.43 0.32 0.42 + 0.35 0.25 0.32 + 0.34 0.00 0.33 0.45 0.40 0.42 + 0.51 0.43 0.50 + 0.63 0.53 0.63 + 0.08 0.06 0.07 + 0.08 0.08 0.08 + 0.26 0.00 0.26 + 0.11 0.00 0.11 + 0.14 0.13 0.14 29.99 0.00 29.40 + 0.00 0.00 0.00 unch 0.08 0.06 0.07 + 0.09 0.08 0.09 + 0.00 0.00 0.17 unch 0.16 0.13 0.16 + 0.37 0.00 0.35 + 0.45 0.00 0.41 0.11 0.08 0.11 + 0.70 0.58 0.70 + 0.09 0.07 0.07 0.11 0.00 0.09 0.10 0.05 0.06 0.13 0.07 0.07 0.64 0.60 0.64 + 0.81 0.77 0.80 + 1.93 1.66 1.89 + 1.50 1.35 1.50 + 0.15 0.00 0.15 + 0.70 0.63 0.69 + 0.85 0.52 0.57 + 0.02 0.02 0.02 unch 0.50 0.00 0.43 unch 0.07 0.06 0.07 + 0.09 0.08 0.08 unch 0.14 0.00 0.13 0.11 0.11 0.11 unch 0.79 0.58 0.64 0.22 0.17 0.18 0.26 0.23 0.23 38.41 35.78 37.39 + 0.14 0.10 0.14 + 0.15 0.13 0.14 0.19 0.17 0.19 + 0.56 0.39 0.56 + 0.72 0.47 0.71 + 0.71 0.55 0.62 0.21 0.20 0.21 0.17 0.16 0.16 0.12 0.11 0.12 + 0.16 0.14 0.15 + 0.40 0.40 0.40 unch 0.11 0.09 0.10 + 0.10 0.06 0.08 +

High Low

0.01 0.10 0.03 0.01 0.13 0.05 0.03 0.72 0.10 0.00 0.11 0.10 0.00 0.50 0.14 0.07 0.57 0.18 0.02 0.42 0.18 0.03 0.49 0.24 0.46 3.00 0.65 0.59 3.73 2.13 0.01 0.13 0.03 0.09 4.55 2.36 0.01 5.85 2.75 0.01 0.24 0.12 0.00 0.18 0.06 7.23 435.62 258.18 0.01 0.20 0.04 0.01 0.22 0.05 0.00 0.25 0.06 0.40 3.45 1.10 0.00 0.12 0.01 0.01 0.25 0.03 0.16 0.94 0.22 0.17 1.19 0.27 0.01 0.27 0.13 0.05 2.55 0.40 0.43 7.74 5.27 0.33 6.40 4.21 0.03 0.37 0.12 0.03 0.48 0.15 0.00 0.55 0.14 0.10 0.40 0.14 0.10 0.30 0.10 0.00 1.26 0.01 0.15 1.63 0.40 0.22 2.15 0.49 0.03 0.20 0.05 0.00 1.45 0.44 0.06 1.71 0.90 0.10 2.07 1.15 0.00 0.10 0.05 0.00 2.00 0.25 0.06 5.19 1.41 0.01 0.75 0.12 0.00 0.59 0.10 0.06 1.43 0.45 0.05 1.81 0.32 0.01 0.08 0.01 0.01 0.11 0.03 0.00 0.01 0.00 0.00 0.28 0.11 0.01 0.34 0.08 0.00 0.42 0.11 0.01 1.17 0.15 0.02 0.90 0.12 0.00 0.11 0.04 0.01 0.14 0.04 0.08 1.03 0.24 0.05 0.82 0.20 0.20 1.29 0.11 0.15 1.07 0.14 0.00 0.12 0.00 0.01 0.17 0.05 0.01 0.11 0.03 0.00 0.13 0.03 0.16 0.88 0.32 0.13 0.71 0.25 0.01 0.45 0.09 0.01 0.57 0.11 0.00 0.04 0.02 0.01 0.57 0.23 0.02 0.20 0.07 0.00 0.69 0.08 0.19 3.50 2.20 0.00 2.62 1.78 0.01 0.20 0.03 0.01 0.21 0.05 0.01 0.31 0.05 0.02 0.59 0.19 0.00 0.13 0.04 0.01 0.16 0.04 0.01 0.13 0.03 0.00 0.15 0.08 0.02 0.99 0.52 0.01 0.71 0.12 0.02 0.40 0.00 0.00 0.42 0.20 0.08 0.60 0.40 0.00 0.03 4.16 1.04 0.02 5.25 1.44 0.05 0.94 0.27 0.05 0.74 0.30 0.01 0.04 0.01 0.00 0.12 0.04 0.00 0.15 0.05 0.01 0.20 0.07 0.09 0.69 0.23 0.04 0.54 0.17 0.01 0.52 0.24 0.01 0.65 0.30 0.05 0.63 0.38 0.07 0.75 0.48 0.01 0.17 0.06 0.01 0.25 0.08 0.03 0.30 0.13 0.01 0.24 0.10 0.01 0.31 0.12 0.91 44.65 24.16 0.00 0.00 0.00 0.00 0.08 0.04 0.01 0.18 0.05 0.00 0.48 0.16 0.02 0.49 0.12 0.05 0.37 0.04 0.01 0.69 0.31 0.02 0.41 0.07 0.08 0.68 0.15 0.02 0.12 0.06 0.02 0.15 0.09 0.04 0.17 0.04 0.05 0.20 0.05 0.03 0.90 0.52 0.04 1.31 0.59 0.15 2.85 0.69 0.14 1.84 1.25 0.01 0.43 0.10 0.06 1.06 0.60 0.06 0.85 0.47 0.00 0.04 0.01 0.00 4.00 0.21 0.01 0.86 0.05 0.00 0.95 0.07 0.01 0.21 0.08 0.00 0.16 0.00 0.06 0.79 0.28 0.02 0.51 0.11 0.02 0.64 0.14 0.04 43.24 17.10 0.05 0.19 0.05 0.01 0.41 0.12 0.01 0.51 0.15 0.17 0.64 0.31 0.22 0.82 0.40 0.02 1.35 0.25 0.01 0.35 0.15 0.01 0.27 0.11 0.02 0.15 0.03 0.01 0.16 0.06 0.00 0.40 0.22 0.01 0.17 0.06 0.01 0.12 0.00

N-O 0.01 33.96 0.26 0.21 32.00 0.00 1.21 0.56 0.46 6.44 0.89 0.55 0.44 1.06 1.09 0.88 0.09 0.07

0.00 0.01 unch 31.53 33.86 + 0.22 0.23 0.17 0.18 30.03 30.87 0.00 0.00 unch 0.00 1.10 0.47 0.51 + 0.37 0.40 + 6.40 6.40 0.80 0.82 + 0.37 0.55 + 0.00 0.44 + 0.65 1.06 + 0.73 0.76 0.58 0.60 0.08 0.09 + 0.06 0.07 +

0.00 1.57 0.02 0.02 0.60 0.00 0.11 0.04 0.03 0.04 0.00 0.16 0.13 0.34 0.08 0.07 0.01 0.00

0.02 44.00 0.43 0.40 34.92 0.04 5.00 1.31 1.21 6.44 0.89 2.05 1.62 1.06 3.15 0.99 0.22 0.17

0.00 20.05 0.19 0.14 13.30 0.00 1.05 0.08 0.00 1.16 0.15 0.28 0.22 0.11 0.49 0.39 0.08 0.06

(100s) Stock

Exc Volume

Nevada King* Nevada King Nevada Lithium Nevada Silver Nevada Sunrise Nevada Sunrise* Nevada Zinc Nevado Res NevGold* NevGold New Age Metals* New Age Metals New Destiny Mg* New Destiny Mg New Energy Met* New Energy Met New Found Gold New Gold New Gold* New Jersey Mng* New Klondike* New Pac Metals New Pac Metals* New Placer New Placer* New Stratus New Target Mng New Tech Min* New Tech Min New World Res* Newcore Gold Newcore Gold* Newcrest Mg Newcrest Mg* Newlox Gold Newmac Res Newmont Corp* Newmont Corp Neworigin Gold Newport Expl Newport Gold* NewRange Gold* NewRange Gold Nexa Resources Nexa Resources* Nexgen Energy* Nexgen Energy NextSource Mat Nexus Gold Nexus Gold* Nfld Discovery Nfld Discovery* 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* Nobel Res Nobel Res* Noble Metal Noble Mineral Noble Mineral* Noka Res* Noram Vent* Noram Vent Noranda Alum* Norilsk Nickel* Noront Res* Noront Res Norra Metals Norrland Gold Norse Gold Norseman Silv Norsemont Cap* Norsemont Cap Nortec Mnls* Nortec Mnls North Am Nickl* North Am Nickl North Arrow Mn* North Arrow Mn North Bay Res * North Peak Res* North Peak Res North Springs* 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 Nrthn Graphite Nrthn Graphite* Nrthn Lion* Nrthn Lion Nrthn Mnrls &E* Nrthn Shield Nrthn Superior Nrthn Superior* NSGold NSJ Gold NSS Res Inc Nthn Dynasty Nthn Dynasty* Nubian Res Nubian Res* Nuinsco Res* Nuinsco Res NuLegacy Gold NuLegacy Gold* Nutrien* Nutrien NV Gold* NV Gold O2Gold O3 Mining OceanaGold* OceanaGold Oceanic Iron O Oceanus Res* Oceanus Res Odyssey Res Olivut Res* Olivut Res Omai Gold Omai Gold* Omineca Mining* Omineca Mining One World Lith* One World Lith Opawica Expl Opawica Expl* Ophir Gold Ophir Gold* Optimum Vent Optimus Gold Opus One Gold* Opus One Gold Orbite Tech* Orca Gold Orca Gold* Ord Mountain Orea Mining Orea Mining* Orefinders Res Orestone Mng Orex Mnrls*

O 3932 V 3509 C 1445 V 653 V 265 O 301 V 512 V 0 O 13 V 89 O 656 V 1450 O 24 V 0 O 0 V 154 V 2731 T 10844 X 48679 O 507 O 4 T 375 X 712 V 1157 O 125 V 502 V 93 O 23 C 344 O 71 V 317 O 77 T 46 O 50 C 1773 V 0 N 29365 T 1067 V 178 V 1761 O 5 O 286 V 982 T 7 N 1579 X 17772 T 15894 T 307 V 1397 O 338 C 230 O 108 V 728 O 0 V 637 O 10 T 1649 O 1438 V 109 V 904 O 1071 O 25 V 275 O 68 T 1018 V 536 V 489 T 785 O 1485 V 2844 O 1 V 3066 O 571 V 270 V 485 O 46 O 4 O 542 V 642 O 0 O 353 O 140 V 2314 V 279 V 21 V 60 V 187 O 119 C 683 O 1 V 908 O 117 V 1109 O 322 V 479 O 354881 O 323 V 339 O 109 T 311 C 2519 O 499 V 1861 V 507 O 13 C 173 O 48 O 192 V 1903 V 243 T 1942 O 947 V 361 N 630 T 589 X 3960 T 1450 V 1672 O 1524 O 0 V 1 O 28 V 495 V 159 O 324 V 0 C 38 C 301 T 625 X 21242 V 182 O 0 O 16 C 1390 V 4751 O 2393 N 7336 T 3469 O 484 V 400 V 1238 V 612 O 7 T 5657 V 191 O 557 V 5245 V 24 O 60 V 24 V 1297 O 65 O 234 V 244 O 537 C 1528 V 1432 O 1404 V 393 O 183 V 91 V 0 O 20 V 746 O 1248 V 695 O 405 V 0 T 1791 O 5808 V 1355 V 104 O 239

(100s) Stock

Week High 0.40 0.49 0.57 0.50 0.08 0.07 0.08 0.00 0.48 0.55 0.12 0.15 0.03 0.00 0.00 0.11 8.68 2.25 1.80 0.50 0.00 5.30 4.20 0.12 0.09 0.75 0.18 0.07 0.07 2.43 0.62 0.46 25.42 19.42 0.37 0.00 59.38 74.68 0.11 0.50 0.01 0.08 0.09 11.75 9.46 6.50 8.09 3.32 0.04 0.03 0.49 0.40 1.45 0.99 1.00 0.67 0.12 0.09 0.04 0.15 0.13 0.09 0.12 0.84 1.07 0.42 0.15 1.30 1.05 0.03 0.02 1.03 0.83 0.02 0.12 0.09 0.44 0.69 0.84 0.00 31.76 0.63 0.78 0.06 0.15 0.06 0.29 0.75 0.95 0.02 0.03 0.35 0.44 0.07 0.08 0.00 0.78 0.98 0.00 0.05 0.04 0.03 0.06 0.22 0.18 0.23 0.19 0.79 0.99 0.10 0.07 0.06 11.26 8.97 10.48 8.35 1.75 0.82 0.65 0.00 0.36 0.17 0.05 0.85 0.70 0.00 0.15 0.08 0.53 0.43 0.22 0.00 0.02 0.02 0.04 0.04 69.17 86.77 0.11 0.13 0.11 2.16 2.05 2.85 0.15 0.64 0.75 0.05 0.04 0.05 0.12 0.09 0.16 0.21 0.08 0.10 0.57 0.47 0.15 0.12 0.50 0.00 0.04 0.05 0.00 0.52 0.41 0.00 0.19 0.16 0.07 0.06 0.09

12-month

Low

Last

Change

0.25 0.31 0.48 0.40 0.07 0.05 0.00 0.00 0.39 0.00 0.09 0.12 0.03 0.00 0.00 0.10 7.03 1.87 1.49 0.43 0.00 4.19 3.36 0.10 0.08 0.49 0.00 0.04 0.00 0.00 0.52 0.42 23.10 18.47 0.33 0.00 55.68 69.48 0.00 0.44 0.01 0.07 0.00 10.50 8.09 5.57 7.01 3.00 0.03 0.02 0.40 0.32 1.22 0.00 0.84 0.67 0.10 0.08 0.00 0.13 0.10 0.09 0.11 0.79 0.97 0.36 0.10 0.98 0.79 0.00 0.02 0.72 0.59 0.00 0.11 0.09 0.00 0.57 0.69 0.00 29.67 0.60 0.76 0.05 0.00 0.00 0.00 0.55 0.68 0.02 0.02 0.31 0.39 0.06 0.07 0.00 0.51 0.65 0.00 0.00 0.03 0.02 0.05 0.18 0.00 0.00 0.18 0.66 0.81 0.00 0.06 0.04 10.20 8.21 9.57 7.68 1.48 0.55 0.43 0.00 0.00 0.13 0.04 0.70 0.57 0.00 0.15 0.06 0.51 0.40 0.20 0.00 0.01 0.02 0.03 0.02 67.22 83.74 0.10 0.12 0.07 1.99 1.79 2.46 0.00 0.44 0.55 0.00 0.03 0.00 0.11 0.08 0.13 0.16 0.06 0.08 0.39 0.31 0.14 0.10 0.43 0.00 0.04 0.04 0.00 0.46 0.37 0.00 0.16 0.13 0.06 0.00 0.08

0.32 + 0.39 + 0.53 0.45 0.08 + 0.06 + 0.08 0.11 unch 0.42 + 0.52 + 0.10 0.12 0.03 unch 0.04 unch 0.06 unch 0.11 + 8.51 + 2.22 + 1.78 + 0.46 unch 0.00 unch 5.30 + 4.20 + 0.10 unch 0.08 + 0.67 + 0.18 + 0.04 0.07 + 2.29 + 0.60 + 0.45 + 23.75 + 18.89 + 0.35 + 0.29 unch 58.73 + 73.70 + 0.10 unch 0.48 + 0.01 unch 0.08 + 0.09 11.75 + 9.36 + 5.79 7.26 3.29 + 0.03 0.03 unch 0.44 0.36 + 1.39 + 0.99 + 0.92 + 0.67 unch 0.11 + 0.09 + 0.04 unch 0.14 0.11 0.09 0.11 0.84 + 1.05 + 0.39 0.13 + 1.28 + 1.03 + 0.03 unch 0.02 unch 0.86 0.68 0.01 0.12 0.09 + 0.44 0.64 0.81 0.01 unch 30.29 0.60 0.78 + 0.05 unch 0.14 0.06 0.29 + 0.74 + 0.95 + 0.02 + 0.02 unch 0.33 0.40 0.07 + 0.07 0.00 0.72 + 0.89 + 0.00 unch 0.04 0.04 + 0.03 + 0.05 0.20 0.17 0.22 0.18 0.69 0.83 0.09 0.06 unch 0.05 + 11.17 + 8.97 + 10.25 + 8.19 + 1.71 + 0.72 + 0.57 + 0.50 unch 0.36 0.14 + 0.05 unch 0.82 + 0.66 + 0.26 unch 0.15 unch 0.07 0.52 0.42 0.21 0.19 unch 0.01 + 0.02 0.04 0.03 + 68.31 + 85.64 + 0.10 + 0.13 unch 0.07 2.11 + 2.05 + 2.79 + 0.14 + 0.55 + 0.68 + 0.05 unch 0.03 0.05 0.11 0.08 0.15 + 0.18 + 0.06 0.08 unch 0.46 + 0.36 + 0.15 + 0.11 0.46 + 0.21 unch 0.04 unch 0.05 + 0.00 unch 0.52 + 0.41 + 0.20 unch 0.17 0.13 0.07 + 0.05 0.09 +

0.07 0.09 0.01 0.02 0.01 0.01 0.01 0.00 0.01 0.03 0.01 0.02 0.00 0.00 0.00 0.02 0.47 0.32 0.25 0.00 0.00 0.94 0.73 0.00 0.01 0.17 0.03 0.00 0.02 0.04 0.04 0.00 0.35 0.04 0.02 0.00 2.37 3.52 0.00 0.01 0.00 0.00 0.01 1.15 0.85 0.13 0.09 0.07 0.01 0.00 0.01 0.01 0.16 0.03 0.05 0.00 0.02 0.01 0.00 0.01 0.01 0.01 0.01 0.06 0.06 0.03 0.02 0.28 0.23 0.00 0.00 0.13 0.09 0.01 0.01 0.00 0.01 0.03 0.03 0.00 0.03 0.01 0.01 0.00 0.01 0.01 0.01 0.19 0.25 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.18 0.22 0.00 0.01 0.01 0.00 0.01 0.02 0.00 0.01 0.00 0.05 0.10 0.01 0.00 0.00 0.22 0.20 0.59 0.44 0.17 0.18 0.13 0.00 0.03 0.00 0.00 0.04 0.03 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.01 0.00 1.35 2.32 0.00 0.00 0.03 0.11 0.26 0.31 0.02 0.08 0.11 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.07 0.05 0.01 0.01 0.02 0.00 0.00 0.01 0.00 0.07 0.04 0.00 0.02 0.02 0.01 0.01 0.01

High Low 1.50 0.84 0.78 0.60 0.20 0.16 0.18 0.19 0.50 0.65 0.19 0.24 0.08 0.11 0.17 0.12 13.50 3.05 2.40 0.60 0.00 9.02 5.84 0.38 0.29 0.75 0.28 0.10 0.15 4.07 0.85 0.63 30.25 22.70 0.61 0.31 75.31 90.94 0.30 0.60 0.08 0.17 0.22 15.87 12.86 6.50 8.09 5.30 0.09 0.08 0.95 0.73 1.45 1.22 1.14 2.00 0.19 0.15 0.07 1.18 0.93 0.20 0.25 1.17 1.48 1.19 0.28 2.08 1.65 0.06 0.05 1.03 0.87 0.03 0.21 0.17 0.87 0.99 1.25 0.15 38.21 0.70 0.87 0.13 0.39 0.15 0.76 0.97 1.27 0.12 0.06 0.36 0.46 0.10 0.15 0.00 0.83 1.03 0.05 0.10 0.09 0.07 0.09 0.42 0.40 0.45 0.36 0.91 1.10 0.23 0.10 0.08 27.40 17.24 14.58 11.13 3.70 0.81 0.65 0.50 0.69 0.35 0.10 1.55 1.26 0.43 0.37 0.46 1.45 1.15 0.59 0.46 0.05 0.05 0.20 0.16 73.50 91.15 0.34 0.40 0.38 3.38 2.21 2.85 0.32 0.67 0.79 0.07 0.11 0.11 0.30 0.19 0.38 0.41 0.13 0.16 0.65 0.54 0.31 0.24 0.65 0.35 0.07 0.09 0.03 0.93 0.75

0.23 0.27 0.30 0.22 0.05 0.04 0.05 0.11 0.22 0.20 0.04 0.07 0.00 0.04 0.04 0.07 3.15 1.29 1.01 0.22 0.00 3.58 2.83 0.08 0.06 0.19 0.15 0.02 0.05 1.59 0.45 0.36 20.16 16.01 0.14 0.06 53.03 66.25 0.10 0.34 0.00 0.05 0.07 8.35 6.50 1.68 2.20 0.50 0.03 0.02 0.30 0.24 0.43 0.38 0.25 0.18 0.08 0.05 0.03 0.07 0.06 0.07 0.09 0.58 0.73 0.32 0.09 0.69 0.53 0.02 0.01 0.31 0.35 0.01 0.07 0.05 0.32 0.14 0.17 0.01 26.19 0.11 0.15 0.04 0.12 0.05 0.23 0.36 0.45 0.01 0.02 0.11 0.14 0.04 0.05 0.00 0.25 0.36 0.00 0.03 0.03 0.02 0.01 0.16 0.00 0.19 0.12 0.40 0.50 0.07 0.05 0.03 5.00 5.07 8.21 6.48 1.48 0.23 0.17 0.28 0.30 0.03 0.03 0.54 0.43 0.21 0.10 0.04 0.39 0.31 0.20 0.17 0.00 0.01 0.03 0.02 41.09 53.99 0.09 0.12 0.07 1.91 1.27 1.58 0.12 0.28 0.35 0.04 0.03 0.04 0.09 0.00 0.12 0.14 0.05 0.06 0.12 0.11 0.14 0.10 0.33 0.12 0.02 0.03 0.00 0.41 0.32

0.31 0.26 0.18 0.16 0.17

0.08 0.06 0.05 0.05 0.06

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*

Exc Volume

Week Low

0.10 0.11 + 1.25 1.37 + 0.97 1.08 + 0.00 0.18 0.28 0.28 unch 0.33 0.38 + 1.00 1.05 + 4.46 5.54 + 2.06 2.08 2.60 2.63 8.34 8.68 0.25 0.25 unch 0.00 0.24 + 0.00 0.20 unch 0.34 0.41 + 0.00 0.33 + 0.98 1.02 + 1.23 1.27 + 4.14 4.39 + 12.45 13.42 + 15.50 16.83 + 0.00 0.33 0.42 0.43 2.86 3.21 + 0.05 0.06 0.00 0.07 unch 0.19 0.19 0.22 0.23 0.15 0.17 + 0.19 0.21 + 0.00 18.54 +

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

244 636 149 35 5 145 137 1890 349 722 222 138 8 0 250 19 59 378 48 3319 2440 22 167 3933 406 284 434 489 431 919 1

0.11 1.37 1.09 0.19 0.28 0.39 1.05 5.54 2.28 2.84 8.92 0.26 0.24 0.00 0.43 0.33 1.12 1.38 4.41 13.49 16.93 0.33 0.44 3.23 0.06 0.07 0.23 0.26 0.19 0.23 18.70

P2 Gold* O P2 Gold V Pac Arc Res V Pac Bay Mnrls V Pac Booker Min* O Pac Booker Min V Pac Imperial V Pac Ridge Expl V Pac Ridge Expl* O Pac Wildcat* O Pacific Empire* O Pacific Empire V Pacific Silk V Pacific Silk* O Pacton Gold V Paladin Energy* O Palamina Corp* O Palamina Corp V Palayan Res* O Paleo Resource* O Paleo Resource V Palladium One V Palladium One* O Pampa Metals* O Pampa Metals C Pan Am Silver T Pan Am Silver* D Pan Global Res* O Pan Global Res V Pancontinental* O Pancontinental V Pangolin Dia V Panoro Mnrls V Panoro Mnrls* O Pantera Silver V PanTerra Gold* O Pantheon Vent V Para Resources V Parallel Mng V Paramount Gold* X Parlane Res V Pasinex Res C Pasofino Gold* O Pasofino Gold V Patriot Gold C Patriot Gold* O Peabody Enrgy* N Pegasus Res V Pegasus Res* O Pelangio Expl* 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 Peruvian Metal* O Peruvian Metal V Petra Diamonds* O Petrolympic* O Petrolympic V Phenom Res V Phenom Res* O Philex Mng* O Philippine Mtl V Phoenix Global* O Phoenix Gold V Phoenix Metals V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PNG Copper C PolyMet Mng* X PolyMet Mng T Portofino Res* O Portofino Res V Power Group V Power Group* O 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* O Prog Planet V 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 QNB Metals C Quadro Res* O Quadro Res V Quantum Batt C Quantum Batt* O Quartz Mtn Res* O Quartz Mtn Res V Quaterra Res V Quaterra Res* O Quebec Nickel C Quebec Silica C

308 492 15 9 16 21 150 65 20 30 20 951 0 4 146 7576 37 239 1381 519 418 968 230 7 425 2312 10712 30 465 192 398 494 174 91 148 21 179 162 0 490 2877 242 23 220 306 432 22497 3042 150 15 67 780 749 28 159 694 229 638 21 243 1 149 69 401 356 2168 0 5 951 53 27 1057 178 3 103 39 48 408 728 7969 529 1487 74 225 506 26 214 485 135 2 545 495 305 186 252 27381 7297 1031 21 1656 66 50 200 154 335 158 515 6 3 726 71 418 285 311 139 108 43 131 1932 1 461 274 1560 2392 4518 1 0 1005 1022 20 377 66 15 269 222 72 253 3883 155 8 1 0 178 506 192 1651

1.00 0.70 0.20 0.13 1.86 2.45 0.03 0.14 0.11 0.00 0.04 0.05 0.00 0.02 0.55 0.76 0.23 0.29 0.08 0.02 0.02 0.23 0.19 0.34 0.43 35.29 28.04 0.55 0.68 0.11 0.14 0.02 0.18 0.15 0.20 0.06 0.18 0.44 0.00 0.89 0.17 0.05 0.59 0.72 0.11 0.09 12.62 0.08 0.07 0.10 0.14 0.09 0.11 0.53 6.81 5.44 1.66 0.05 0.15 0.19 0.03 0.06 0.08 0.53 0.44 0.10 0.00 0.98 0.74 0.25 0.61 0.78 0.31 110.96 0.21 0.03 0.04 0.04 4.02 3.19 0.03 0.15 0.12 0.09 3.27 4.02 0.12 0.15 0.06 0.04 0.18 0.21 0.04 0.09 0.12 14.79 18.57 0.14 4.13 5.20 0.14 0.34 0.08 1.54 1.93 0.48 0.60 3.00 0.21 2.75 0.73 0.16 0.07 0.06 0.15 0.12 0.79 0.46 0.58 0.01 2.09 2.60 0.85 1.08 0.15 0.11 0.00 0.37 0.30 0.21 0.27 0.11 0.08 0.19 0.24 0.25 0.05 0.07 1.66 1.27 0.16 0.00 0.19 0.15 0.40 0.22

Last

12-month

High

Change

Stock

0.02 0.13 0.09 0.02 0.00 0.05 0.05 1.04 0.06 0.05 0.24 0.00 0.03 0.00 0.06 0.05 0.02 0.02 0.19 0.86 1.20 0.03 0.02 0.36 0.00 0.00 0.03 0.02 0.01 0.02 0.26

0.22 1.70 1.39 0.27 0.33 0.55 1.05 7.30 3.02 3.66 9.17 0.67 0.37 0.29 0.54 0.39 1.40 1.61 10.10 15.12 18.40 0.42 0.52 4.00 0.09 0.10 1.22 1.55 0.40 0.69 21.04

0.08 0.87 0.68 0.13 0.20 0.14 0.06 3.71 1.04 1.35 2.75 0.23 0.20 0.02 0.22 0.18 0.80 1.01 3.94 9.77 12.39 0.30 0.35 2.33 0.03 0.04 0.15 0.19 0.13 0.16 10.50

Questex Gold* Questex Gold

O V

0.06 0.10 0.00 0.03 0.09 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.05 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.02 0.03 2.45 1.76 0.04 0.04 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.02 0.03 0.00 0.00 0.01 0.01 0.08 0.02 0.02 0.00 0.08 0.02 0.01 0.00 0.00 0.02 0.03 0.02 0.83 0.64 0.12 0.01 0.02 0.00 0.01 0.00 0.01 0.01 0.03 0.00 0.00 0.13 0.09 0.01 0.01 0.00 0.05 8.70 0.02 0.00 0.00 0.00 0.61 0.44 0.01 0.04 0.03 0.02 0.15 0.10 0.01 0.01 0.01 0.01 0.01 0.02 0.00 0.00 0.01 2.46 3.22 0.01 0.03 0.05 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.43 0.04 0.01 0.00 0.00 0.02 0.01 0.03 0.12 0.15 0.00 0.31 0.39 0.08 0.12 0.02 0.02 0.00 0.02 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.10 0.01 0.01 0.19 0.12 0.00 0.00 0.03 0.02 0.04 0.04

1.00 0.65 0.26 0.18 3.10 3.75 0.08 0.33 0.30 0.01 0.07 0.10 0.06 0.04 1.09 0.80 0.36 0.37 1.09 0.10 0.04 0.40 0.32 1.07 0.72 50.70 39.62 0.68 0.84 0.16 0.20 0.05 0.23 0.18 0.29 0.07 1.02 0.65

0.23 0.30 0.14 0.08 1.37 1.50 0.02 0.05 0.04 0.00 0.03 0.04 0.02 0.01 0.38 0.10 0.13 0.16 0.03 0.00 0.01 0.13 0.10 0.23 0.27 27.97 22.27 0.00 0.35 0.06 0.08 0.01 0.11 0.08 0.12 0.05 0.05 0.25

1.59 0.84 0.09 2.66 3.08 0.50 0.23 19.83 0.10 0.10 0.17 0.23 0.11 0.15 0.53 14.40 9.45 1.66 0.07 0.15 0.19 0.03 0.12 0.15 0.85 1.10 0.14 0.10 1.29 0.72 0.55 0.72 0.90 0.41 123.00 0.25 0.06 0.06 0.09 8.00 6.27 0.05 0.30 0.23 0.26 5.41 6.71 0.20 0.23 0.16 0.10 0.35 0.43 0.50 0.24 0.29 14.79 18.57 0.17 4.15 5.24 0.14 0.62 0.11 1.71 2.15 0.48 0.60 13.50 0.52 2.75 2.40 0.18 0.20 0.16 0.92 0.85 11.40 0.50 0.64 0.03 2.09 2.63 2.42 3.08 0.20 0.39 0.45 0.47 4.12 0.27 0.33 0.26 0.21 0.47 0.60 0.25 0.16 0.18 5.85 5.85 0.29 0.36 0.30 0.25 0.41 0.27

0.76 0.11 0.02 0.51 0.65 0.07 0.03 0.87 0.03 0.02 0.08 0.11 0.05 0.07 0.12 5.45 4.38 0.99 0.04 0.02 0.04 0.01 0.04 0.04 0.35 0.28 0.06 0.05 0.40 0.20 0.21 0.18 0.21 0.13 80.55 0.14 0.03 0.03 0.04 2.29 1.79 0.03 0.10 0.00 0.06 2.69 3.28 0.06 0.08 0.04 0.03 0.13 0.17 0.00 0.06 0.07 8.29 10.40 0.06 1.01 1.32 0.04 0.19 0.06 0.99 1.26 0.04 0.05 2.50 0.10 0.20 0.50 0.07 0.07 0.00 0.12 0.00 0.66 0.12 0.14 0.01 0.06 0.65 0.63 0.81 0.04 0.08 0.09 0.15 0.11 0.15 0.20 0.08 0.06 0.15 0.20 0.05 0.04 0.05 0.55 0.14 0.00 0.12 0.06 0.04 0.10 0.05

Rackla Metals Radisson Mng Radius Gold Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl Rambler Metals* Rare Element* Rathdowney Res Razore Rock Res Ready Set Gold Recharge Res* Recharge Res Red Eagle Mng* Red Pine Expl Regulus Res Remington Res Renforth Res* Renforth Res Resolve Vent Reunion Gold Reunion Gold* Revival Gold Revival Gold * Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls* 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 Rogue Res* Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RooGold* RooGold RosCan Gold* RosCan Gold Ross River Rover Metals* Rover Metals Royal Fox Gold Royal Gold* Royal Rd Mnrls RT Minerals* RT Minerals RTG Mining RTG Mining * Rugby Mng Running Fox Rs Rupert Res Rupert Res* Rusoro Mng Rusoro Mng*

S2 Minerals Sabina Gd&Slvr* Sabina Gd&Slvr Sable Res* Sable Res Sailfish Rylty Saint Jean Saint Jean* Salazar Res* Salazar Res Sama Res Sama Res* Samco Gold San Gold Corp* San Lorenzo* San Lorenzo Sanatana Res Sanatana Res* Sandfire Res* Sandfire Res Sandstorm Gold* Sandstorm Gold Santacruz Silv Sarama Res Sarissa Res* Sassy Res Sassy Res* Satori Res* Satori Res Saturn Mnrls Savannah Min Saville Res Scandium Intl* Scandium Intl Scorpio Gold Scorpio Gold * Scotch Creek Scotch Creek* Scottie Res* Scottie Res ScoZinc Mg* ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold Seahawk Gold* Search Mnls Search Mnls* Searchlight* SearchlightMin* SearchlightRes Secova Metals Secova Metals* Sego Res Select Sands Sennen Potash Sentinel Res* Sentinel Res Serabi Gold Sherritt Intl Shine Minerals Shine Minerals* Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res* Sienna Res Sierra Grande Sierra Grande* Sierra Madre G* Sierra Madre G Sierra Metals Sierra Metals* Sigma Lithium* Sigma Lithium Signature Res Signature Res* Silver Bear Rs* Silver Bear Rs Silver Bull Re Silver Bull Re* Silver Dollar Silver Dollar*

P-Q 0.45 0.56 0.00 0.00 0.00 2.21 0.00 0.12 0.09 0.00 0.04 0.00 0.00 0.02 0.50 0.67 0.21 0.26 0.07 0.02 0.00 0.21 0.16 0.33 0.37 32.40 26.03 0.51 0.62 0.09 0.12 0.00 0.00 0.00 0.00 0.06 0.16 0.00 0.00 0.83 0.15 0.05 0.00 0.65 0.07 0.06 10.79 0.07 0.05 0.10 0.00 0.05 0.07 0.46 5.76 4.61 1.50 0.00 0.11 0.17 0.02 0.06 0.00 0.42 0.32 0.09 0.00 0.82 0.55 0.00 0.58 0.71 0.00 0.00 0.00 0.00 0.03 0.04 3.36 2.69 0.00 0.10 0.08 0.07 3.06 3.82 0.10 0.13 0.00 0.00 0.15 0.19 0.03 0.08 0.10 11.93 14.85 0.00 3.91 4.85 0.00 0.27 0.00 1.47 1.80 0.00 0.52 0.00 0.00 1.32 0.64 0.15 0.00 0.05 0.00 0.10 0.72 0.30 0.36 0.01 1.69 2.03 0.74 0.93 0.12 0.00 0.00 0.34 0.27 0.19 0.24 0.10 0.08 0.16 0.22 0.13 0.04 0.00 1.42 0.00 0.00 0.00 0.16 0.10 0.34 0.15

0.55 + 0.70 + 0.20 unch 0.12 + 1.85 + 2.40 + 0.03 unch 0.13 unch 0.10 + 0.00 unch 0.04 0.04 unch 0.03 unch 0.02 unch 0.53 + 0.72 + 0.22 + 0.29 + 0.08 + 0.02 0.02 unch 0.23 + 0.18 + 0.33 + 0.41 + 34.81 + 27.75 + 0.52 + 0.64 + 0.10 + 0.13 + 0.02 unch 0.18 + 0.13 + 0.20 + 0.06 unch 0.16 0.44 + 0.15 unch 0.84 + 0.16 + 0.05 0.51 0.68 0.08 0.08 + 11.56 0.07 0.06 0.10 unch 0.13 unch 0.08 + 0.10 + 0.46 6.71 + 5.39 + 1.65 + 0.05 0.15 + 0.18 unch 0.02 0.06 + 0.08 + 0.49 + 0.40 + 0.09 unch 0.10 unch 0.91 0.66 + 0.24 + 0.60 0.75 unch 0.25 + 109.25 + 0.19 + 0.03 unch 0.03 0.04 unch 3.87 + 3.05 + 0.03 0.11 0.09 0.07 3.12 3.90 0.11 0.14 0.06 + 0.04 + 0.16 0.20 0.03 + 0.09 0.11 + 14.56 + 18.27 + 0.14 + 4.04 + 5.05 + 0.11 unch 0.34 unch 0.08 + 1.52 + 1.92 0.47 0.58 unch 3.00 unch 0.21 unch 1.78 + 0.67 + 0.15 + 0.07 unch 0.05 + 0.15 + 0.10 0.72 0.31 0.39 0.01 unch 2.00 + 2.50 + 0.85 + 1.08 + 0.13 0.09 0.13 unch 0.35 0.28 0.20 0.26 + 0.11 + 0.08 unch 0.17 0.23 0.23 + 0.04 0.06 1.46 1.22 0.16 unch 0.24 unch 0.19 + 0.15 + 0.35 0.19 +

(100s)

High Low

Exc Volume

Week High

Low

Last

60 121

0.58 0.70

0.54 0.66

0.54 0.66

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

0 1365 288 40 524 31 55 0 720 25 1 278 674 2306 54 1244 655 0 657 2541 1886 316 117 221 292 562 1197 797 908 0 131 351 387 664 64 14 668 101 19266 5 1 1322 484 46 65 296 217 29 228 866 55 60 139 661 118 133 25 25 132 810 191 125 0 56 1403 175 762 1995 906 35 49 812 3631 0 74 854 1236 3113 161 134 648 149 21 274 0 171 30 326 24

0.00 0.30 0.37 0.07 0.50 2.89 0.25 0.41 1.92 0.04 0.11 0.12 0.05 0.06 0.00 0.60 1.04 0.00 0.07 0.09 0.07 0.15 0.11 0.68 0.54 0.39 0.67 0.84 1.15 0.00 0.05 0.40 0.06 0.07 0.40 0.31 0.06 0.05 63.14 63.65 66.63 0.69 0.55 0.41 0.50 0.18 0.14 0.13 0.15 0.41 0.06 0.07 6.00 7.39 0.05 0.06 0.04 0.09 0.11 0.20 0.11 0.24 0.00 0.13 0.65 0.34 0.42 0.05 0.04 0.23 0.29 0.31 0.39 0.00 0.06 0.07 0.07 107.82 0.35 0.07 0.08 0.11 0.10 0.15 0.00 5.00 4.00 0.06 0.05

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

12 853 2020 982 1282 32 549 56 41 88 639 7 0 1919 2 492 63 15 110 41 6671 1546 0 361 3 683 231 20 273 283 1 611 208 244 2691 814 544 28 515 870 13 3 352 1739 117 0 1058 90 49 50 513 2909 70 212 191 0 7 43 28 1844 2 0 11 17513 616 226 1113 90 2 70 614 1279 5445 484 229 825 128 54 269 183 124 309 251

0.15 1.40 1.76 0.19 0.24 1.54 0.18 0.15 0.29 0.36 0.15 0.11 0.00 0.00 0.13 0.14 0.10 0.08 0.18 0.21 7.15 8.98 0.00 0.19 0.00 0.59 0.47 0.10 0.13 4.23 0.29 0.05 0.16 0.19 0.17 0.13 0.75 0.52 0.18 0.21 0.55 0.68 26.21 20.87 0.44 0.29 0.25 0.20 0.07 0.01 0.09 0.19 0.14 0.09 0.06 0.00 0.29 0.31 1.15 0.46 0.16 0.00 3.80 15.23 0.24 0.10 0.13 0.13 0.07 0.79 0.63 2.27 1.81 9.75 12.07 0.08 0.07 0.09 0.11 0.60 0.47 0.74 0.64

12-month Change

High Low

-

0.04 0.04

1.07 0.36 1.37 0.47

0.41 unch + 0.29 0.35 + 0.07 + 0.48 + 2.60 + 0.22 + 0.41 1.57 0.03 0.11 unch 0.11 + 0.04 + 0.06 0.00 unch + 0.57 + 1.04 0.21 unch + 0.07 + 0.08 + 0.07 0.14 unch + 0.11 + 0.64 + 0.51 + 0.29 + 0.64 + 0.79 + 1.09 0.03 unch 0.05 unch 0.38 0.05 0.06 0.39 unch + 0.31 + 0.06 + 0.05 + 62.34 61.80 + 66.63 0.64 unch + 0.51 + 0.39 + 0.48 + 0.17 + 0.14 0.10 unch 0.12 + 0.41 0.06 unch 0.06 + 5.75 + 7.20 + 0.05 + 0.06 0.04 unch + 0.09 + 0.11 + 0.19 0.10 unch 0.23 0.06 unch 0.13 unch 0.57 0.28 0.35 0.04 unch + 0.03 0.19 0.27 unch + 0.29 + 0.36 0.26 unch 0.05 0.07 unch 0.06 + 106.71 + 0.33 0.06 0.07 0.11 0.09 + 0.15 0.02 unch + 4.83 + 3.80 0.06 unch 0.05

0.00 0.02 0.03 0.03 0.05 0.19 0.05 0.03 0.26 0.01 0.00 0.01 0.00 0.01 0.00 0.05 0.07 0.00 0.02 0.01 0.02 0.00 0.00 0.02 0.02 0.11 0.07 0.09 0.20 0.00 0.00 0.02 0.01 0.01 0.00 0.03 0.01 0.00 1.72 0.57 1.63 0.00 0.01 0.03 0.06 0.02 0.01 0.00 0.02 0.02 0.00 0.01 0.17 0.24 0.01 0.01 0.00 0.01 0.01 0.04 0.00 0.02 0.00 0.00 0.05 0.03 0.04 0.00 0.00 0.01 0.00 0.06 0.07 0.00 0.01 0.00 0.01 1.55 0.01 0.01 0.01 0.01 0.00 0.02 0.00 0.28 0.13 0.00 0.00

0.50 0.40 0.38 0.12 0.50 14.50 0.26 2.00 4.13 0.10 0.25 0.49 0.53 0.19 0.01 0.95 1.40 0.37 0.11 0.12 0.13 0.15 0.12 1.05 0.87 0.39 1.25 1.48 1.70 0.05 0.07 0.77 0.18 0.23 0.74 0.61 0.11 0.11 95.97 94.42 108.00 1.03 0.85 0.78 1.00 0.37 0.29 0.26 0.36 0.54 0.13 0.15 7.53 9.38 0.07 0.10 0.09 0.15 0.19 0.29 0.19 0.24 0.10 0.16 1.93 0.60 0.76 0.07 0.05 0.60 0.60 0.80 0.64

0.15 0.20 0.20 0.04 0.15 1.57 0.08 0.00 0.50 0.02 0.06 0.10 0.00 0.04 0.00 0.30 0.70 0.18 0.03 0.05 0.04 0.06 0.04 0.59 0.45 0.13 0.44 0.55 0.60 0.03 0.04 0.29 0.03 0.05 0.23 0.23 0.05 0.03 60.17 59.16 65.00 0.53 0.40 0.31 0.38 0.13 0.10 0.01 0.11 0.31 0.04 0.05 0.68 0.90 0.04 0.05 0.02 0.00 0.10 0.11 0.09 0.06 0.06 0.07 0.31 0.19 0.25 0.04 0.02 0.14 0.23 0.11 0.23

0.12 0.13 0.12 129.69 0.40 0.19 0.29 0.23 0.15 0.16 0.06 6.08 5.49 0.14 0.09

0.05 0.06 0.04 92.01 0.24 0.04 0.05 0.10 0.09 0.07 0.02 3.44 2.00 0.04 0.03

+ 0.15 + 1.33 + 1.69 + 0.18 + 0.23 1.50 + 0.17 + 0.13 0.26 0.32 0.14 unch 0.10 0.05 unch 0.00 unch 0.13 unch + 0.14 0.09 unch 0.07 0.16 + 0.21 + 7.02 + 8.79 0.30 unch + 0.18 0.00 unch 0.50 0.43 0.09 0.11 + 4.23 + 0.29 + 0.05 0.15 0.19 unch + 0.16 + 0.13 + 0.62 + 0.52 + 0.16 + 0.21 + 0.52 0.66 + 25.91 + 20.64 0.34 0.29 0.25 unch + 0.20 + 0.07 0.01 unch 0.08 + 0.19 + 0.14 0.08 + 0.06 0.45 unch + 0.28 0.29 1.15 unch 0.42 + 0.16 0.07 unch + 3.66 + 14.44 + 0.23 0.10 0.13 unch 0.09 0.07 + 0.44 + 0.54 2.12 1.67 9.21 + 11.50 0.08 unch + 0.06 + 0.09 + 0.11 0.55 0.44 + 0.72 + 0.58

0.01 0.04 0.11 0.01 0.02 0.02 0.01 0.00 0.02 0.04 0.00 0.01 0.00 0.00 0.00 0.03 0.00 0.01 0.00 0.01 0.26 0.38 0.00 0.01 0.00 0.03 0.00 0.02 0.02 0.23 0.02 0.01 0.00 0.00 0.03 0.02 0.01 0.00 0.01 0.03 0.02 0.02 2.63 1.96 0.14 0.09 0.00 0.00 0.00 0.00 0.01 0.06 0.03 0.01 0.01 0.00 0.04 0.03 0.00 0.03 0.01 0.00 0.25 0.21 0.02 0.00 0.00 0.02 0.04 0.03 0.03 0.11 0.12 0.11 0.12 0.00 0.00 0.01 0.01 0.02 0.03 0.03 0.02

0.30 2.80 3.54 0.36 0.40 1.54 0.24 0.19 0.32 0.42 0.20 0.16

0.13 1.07 1.39 0.12 0.15 1.00 0.03 0.02 0.21 0.21 0.11 0.09

0.04 0.15 0.30 0.30 0.24 0.22 0.27 9.31 11.34 0.58 0.39 0.02 0.95 0.82 0.14 0.17 4.49 0.60 0.09 0.28 0.35 0.17 0.13 0.98 2.88 0.32 0.40 0.56 0.80 29.00 22.86 1.05 1.24 0.37 0.40 0.09 0.05 0.11 0.19 0.25 0.16 0.10

0.00 0.08 0.08 0.07 0.06 0.13 0.17 5.45 6.86 0.25 0.16 0.00 0.35 0.28 0.08 0.10 1.90 0.20 0.04 0.11 0.14 0.09 0.07 0.11 0.18 0.12 0.16 0.40 0.45 18.95 14.92 0.30 0.29 0.05 0.01 0.03 0.01 0.06 0.09 0.00 0.03 0.02

0.47 1.83 1.68 0.70 0.20 0.12 7.72 20.68 0.26 0.14 0.17 0.35 0.28 0.79 1.07 4.92 3.92 9.97 12.38 0.22 0.20 0.16 0.20 1.55 1.25 2.29 1.89

0.09 0.22 1.01 0.25 0.09 0.07 2.88 11.90 0.03 0.04 0.05 0.06 0.06 0.37 0.41 1.91 1.52 1.68 2.40 0.06 0.05 0.00 0.08 0.53 0.43 0.66 0.50

R 0.00 0.25 0.35 0.00 0.41 2.40 0.00 0.00 1.57 0.00 0.11 0.00 0.03 0.04 0.00 0.50 0.94 0.00 0.05 0.07 0.06 0.13 0.11 0.61 0.46 0.00 0.57 0.70 0.00 0.00 0.00 0.37 0.04 0.06 0.00 0.28 0.00 0.04 60.31 0.00 0.00 0.63 0.50 0.34 0.43 0.16 0.12 0.10 0.00 0.38 0.04 0.00 5.32 6.65 0.05 0.06 0.04 0.00 0.00 0.15 0.10 0.20 0.00 0.00 0.56 0.28 0.35 0.04 0.03 0.19 0.23 0.19 0.29 0.00 0.05 0.07 0.00 100.62 0.00 0.06 0.07 0.00 0.09 0.00 0.00 4.39 3.54 0.06 0.04

S 0.15 1.21 1.59 0.16 0.20 1.44 0.15 0.12 0.26 0.00 0.13 0.10 0.00 0.00 0.13 0.00 0.00 0.00 0.15 0.00 6.61 8.23 0.00 0.17 0.00 0.50 0.40 0.09 0.11 3.91 0.00 0.00 0.13 0.18 0.13 0.10 0.60 0.00 0.13 0.17 0.52 0.00 23.35 18.74 0.30 0.00 0.23 0.19 0.07 0.01 0.08 0.13 0.10 0.08 0.05 0.00 0.24 0.00 0.00 0.41 0.00 0.00 3.46 13.71 0.20 0.09 0.11 0.09 0.00 0.41 0.50 1.91 1.52 8.74 11.00 0.00 0.06 0.06 0.10 0.55 0.43 0.67 0.51

GLOBAL MINING NEWS

(100s) Stock Silver Eleph* Silver Eleph Silver Grail Silver Hammer Silver Hammer* 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 Silverstock Silverton Met* Silverton Met Sirios Res* Sirios Res Sitka Gold Sitka Gold* Sixty North Sixty North* Skeena Res Skeena Res* SKRR Explor Sky Gold* Sky Gold Skyharbour Res Skyharbour Res* Slam Explor* Slam Explor Slave Lake Zn Slave Lake Zn* Snowline Gold Snowy Owl Sokoman Min Sokoman Min* Solaris Res SolGold plc* SolGold plc SolidusGold Solitario Ex&R Solitario Ex&R* Solstice Gold Sonora Gld & S Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic* South Atlantic South Star Bat South Star Bat* South32* Southern Copp* Southern Emp* Southern Emp Southern Silvr Southern Silvr* SouthGobi Res Southstone Min Spanish Mtn Gd Spanish Mtn Gd* Sparton Res* Sparton Res SPC Nickel Spearmint Res* Spearmint Res Sphinx Res Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St Elias Mns* St-Georges Eco* St-Georges Eco St. James Gold St. James Gold* Stakeholdr Gld Stallion Gold Standard Graph* Standard Metal* Standard Uran* Standard Uran Stans Energy* Stans Energy Star Diamond* Star Diamond Star Gold* Starcore Intl* Starcore Intl Starr Peak* Starr Peak 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

Week

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

THE NORTHERN MINER / NOVEMBER 22—DECEMBER 5, 2021

759 1809 7 1860 1732 1798 1089 0 48 64 63 72 273 143 271 2645 0 166 322 368 303 73 4107 155 2130 6393 2697 1333 41 245 304 20 914 1464 283 287 32 775 71 459 63 523 2134 1070 112 837 24 4 672 2388 1981 1027 910 109 81 0 17 1111 261 0 87 166 4684 311 509 10554 2995 1 7530 0 258 1563 910 149 67 1296 483 41 950 838 793 1875 0 338 239 9710 2424 1426 21 3634 4014 45 17 34 18 2462 7 3159 5760 299 974 5 386 131 23 180 92 60 153 285 374 1387 212 37 97 93 10 29 1356 24 410

High

Low

0.28 0.34 0.20 0.90 0.71 0.42 0.52 0.00 0.13 0.12 0.13 0.17 0.18 0.14 0.04 0.05 0.00 0.18 0.45 0.56 0.26 0.32 0.36 0.29 5.95 4.76 9.74 12.24 0.20 0.54 0.68 0.06 0.08 0.09 0.08 0.06 0.05 15.55 10.73 0.11 0.08 0.10 0.79 0.66 0.10 0.13 0.12 0.10 0.69 0.08 0.39 0.31 13.18 0.39 0.49 0.00 0.68 0.55 0.20 0.00 0.15 0.20 0.05 0.04 0.06 0.36 0.28 2.56 62.82 0.00 0.15 0.44 0.35 0.41 0.04 0.34 0.27 0.07 0.09 0.11 0.13 0.17 0.00 0.14 0.50 19.70 24.72 0.11 0.00 0.41 0.50 2.25 1.80 0.87 0.39 0.05 5.00 0.37 0.46 0.02 0.02 0.17 0.19 0.04 0.22 0.28 1.75 2.19 0.05 0.06 0.23 0.28 1.41 1.13 0.28 0.35 0.08 0.10 0.20 0.16 0.14

0.24 0.31 0.00 0.60 0.49 0.34 0.43 0.00 0.10 0.11 0.10 0.14 0.16 0.12 0.03 0.04 0.00 0.00 0.37 0.46 0.24 0.19 0.34 0.27 5.50 4.41 8.95 11.17 0.19 0.43 0.52 0.00 0.07 0.09 0.06 0.06 0.05 13.60 10.43 0.09 0.06 0.08 0.65 0.49 0.00 0.09 0.00 0.08 0.59 0.07 0.30 0.24 12.11 0.36 0.00 0.00 0.65 0.52 0.17 0.00 0.14 0.18 0.03 0.00 0.00 0.21 0.17 2.56 58.06 0.00 0.00 0.39 0.31 0.36 0.00 0.25 0.20 0.01 0.08 0.08 0.11 0.15 0.00 0.12 0.44 17.23 21.50 0.08 0.00 0.33 0.42 1.90 1.55 0.00 0.00 0.04 4.51 0.25 0.32 0.01 0.01 0.14 0.19 0.03 0.00 0.00 1.67 2.11 0.00 0.05 0.19 0.24 1.22 1.00 0.25 0.31 0.08 0.08 0.17 0.13 0.09

Last

(100s)

12-month Change

0.25 + 0.33 + 0.18 0.85 + 0.67 + 0.40 + 0.50 + 0.41 unch 0.10 + 0.11 0.12 0.17 + 0.17 + 0.14 + 0.04 + 0.05 + 0.10 unch 0.16 + 0.43 + 0.53 + 0.25 + 0.20 0.36 + 0.29 + 5.88 + 4.68 + 9.70 + 12.16 + 0.19 0.50 + 0.63 + 0.06 + 0.07 unch 0.09 unch 0.08 + 0.06 unch 0.05 14.65 + 10.45 unch 0.10 0.07 0.10 + 0.68 0.54 0.10 + 0.09 0.11 0.08 0.68 + 0.07 0.35 + 0.28 + 12.91 + 0.37 + 0.46 + 0.11 unch 0.66 unch 0.53 + 0.17 0.09 unch 0.15 + 0.19 0.04 + 0.04 + 0.06 + 0.35 + 0.28 + 2.56 unch 62.46 + 0.10 unch 0.15 + 0.44 + 0.34 + 0.36 0.04 + 0.32 + 0.25 + 0.07 0.08 0.10 + 0.13 + 0.16 + 0.01 unch 0.12 0.46 19.69 + 24.71 + 0.09 0.00 unch 0.35 + 0.45 + 1.95 1.59 0.81 0.38 0.04 + 5.00 unch 0.28 0.37 0.01 unch 0.01 0.14 0.19 0.04 0.21 0.26 unch 1.75 + 2.19 + 0.04 0.05 unch 0.21 + 0.27 + 1.39 + 1.10 + 0.28 + 0.35 + 0.08 + 0.09 + 0.18 0.13 0.14 +

0.00 0.01 0.01 0.22 0.17 0.05 0.06 0.00 0.03 0.02 0.01 0.03 0.01 0.01 0.01 0.02 0.00 0.02 0.03 0.01 0.01 0.00 0.02 0.01 0.43 0.27 0.64 0.87 0.01 0.04 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.94 0.00 0.01 0.01 0.01 0.08 0.07 0.02 0.03 0.02 0.02 0.02 0.01 0.03 0.03 0.09 0.00 0.02 0.00 0.00 0.00 0.03 0.00 0.01 0.02 0.01 0.00 0.01 0.14 0.11 0.00 3.06 0.00 0.03 0.05 0.02 0.05 0.01 0.08 0.05 0.00 0.01 0.02 0.00 0.01 0.00 0.03 0.01 2.20 2.97 0.02 0.00 0.01 0.02 0.30 0.19 0.01 0.03 0.00 0.00 0.07 0.07 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.05 0.07 0.00 0.00 0.01 0.02 0.16 0.10 0.04 0.05 0.02 0.02 0.02 0.00 0.04

High Low

Stock

0.46 0.59 0.25 0.90 0.71 0.75 0.94 0.90 0.25 0.29 0.29 0.30 0.37 0.36 0.47 0.11 0.28 0.35 0.70 0.80 0.60 0.51 0.90 0.68 10.93 8.55 12.88 16.37 0.29 0.64 1.00 0.13 0.18 0.34 0.27 0.09 0.07 16.49 13.60 0.35 0.21 0.25 0.87 0.70 0.12 0.16 0.43 0.38 0.75 0.25 0.78 0.64 15.20 0.54 0.69 0.20 1.56 1.25 0.20 0.10 0.32 0.39 0.06 0.11 0.14 0.31 0.28 2.92 83.29 0.49 0.31 0.70 0.55 1.39 0.10 0.49 0.39 0.16 0.21 0.80 0.36 0.27 0.03 0.17 1.05 21.80 27.79 0.20 0.00 0.99 1.19 6.50 5.16 1.12 0.60 0.50 18.00 0.39 0.51 0.18 0.04 0.25 0.30 0.08 0.27 0.33 3.56 4.05 1.00 0.14 0.23 0.29 2.67 2.41 1.00 0.92 0.29 0.38 0.35 0.29 0.25

Stornoway Diam* Straightup Res Stratabd Mnr* Stratabd Mnr Strategic Metl* Strategic Metl Strategic Res Stria Lithium 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 C O V O V V V V O O V V V O V O T O V V V O T N O V V O V O V O O V O

Taiga Gold Taiga Gold* Tajiri Res Talisker Res Talisker Res* Talon Metals Tanqueray Expl Tantalex Res Tanzanian Gold Tanzanian Gold* Tarachi Gold* Tarachi Gold Taranis Res Taranis Res* Tarku Res Tarku Res* Tartisan Nick Tartisan Nick* Taseko Mines Taseko Mines* TDG Gold Teck Res* Teck Res Teck Res Tectonic Metal* Tectonic Metal Temas Res* Temas Res Tembo Gold Tembo Gold* Tempus Res Teras Res* Teras Res Terrax Mnrls* Terrax Mnrls Terreno Res Tesoro Mnrls Teuton Res* Teuton Res Texas Mineral* Themac Res* Themac Res Thesis Gold Theta Gold* Thor Explor* Thor Explor Three Valley Three Valley* Thunder Mtn Gd* 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 Tocvan Venture* TomaGold Tombill Mines Tombill Mines* Tombstone Expl* Tonogold Res* Torex Gold* Torex Gold Torq Resources* Torq Resources Tower Res* Tower Res Traction Expl Trailbreaker Trailbreaker* Trans Canada Trans Canada* Transatlantic

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

0.13 0.17 0.13 0.25 0.26 0.29 0.36 0.41 0.08 0.11 0.02 0.09 0.15 0.11 0.03 0.04 0.05 0.06 0.24 0.33 0.13 0.13 0.31 0.00 4.58 3.64 6.60 8.30 0.18 0.35 0.35 0.05 0.06 0.09 0.06 0.05 0.04 8.76 9.27 0.09 0.06 0.08 0.17 0.12 0.00 0.06 0.07 0.08 0.19 0.05 0.16 0.12 4.78 0.28 0.35 0.07 0.51 0.39 0.06 0.04 0.13 0.16 0.02 0.04 0.04 0.04 0.02 1.65 53.29 0.10 0.12 0.27 0.21 0.01 0.04 0.17 0.13 0.01 0.04 0.08 0.04 0.05 0.01 0.06 0.44 13.68 17.29 0.05 0.00 0.06 0.07 0.15 0.24 0.32 0.29 0.04 1.01 0.12 0.12 0.00 0.01 0.12 0.16 0.01 0.16 0.20 1.32 1.68 0.01 0.04 0.12 0.06 1.19 0.93 0.20 0.24 0.04 0.06 0.10 0.02 0.06

Week

Exc Volume

Last

12-month

High

Low

Change

26 187 16 766 525 438 32 0 612 659 343 3342 84 69 12 1 41 815 87 364 534 909 167 36956 29499 196 1139 183 3 1011 3275 846 159 25 0 66

0.00 0.18 0.10 0.10 0.27 0.34 0.37 0.00 0.18 0.14 0.24 0.30 0.40 0.66 0.45 0.27 0.21 0.23 0.98 1.16 0.24 0.69 0.54 33.45 26.84 0.62 0.79 0.43 0.24 0.33 0.29 0.38 0.30 0.00 0.00 1.00

0.00 0.00 unch 0.15 0.18 + 0.07 0.08 0.00 0.10 + 0.25 0.27 + 0.31 0.34 + 0.00 0.35 0.00 0.03 unch 0.15 0.18 + 0.12 0.14 + 0.19 0.23 + 0.24 0.29 + 0.00 0.39 + 0.52 0.66 + 0.41 0.45 + 0.00 0.27 + 0.18 0.18 0.16 0.20 0.80 0.95 + 1.00 1.15 + 0.20 0.24 + 0.51 0.58 + 0.42 0.44 + 32.03 32.33 25.45 25.77 0.55 0.59 + 0.67 0.73 + 0.00 0.34 + 0.24 0.24 unch 0.26 0.28 + 0.20 0.23 + 0.33 0.37 + 0.24 0.29 + 0.00 0.00 unch 0.00 0.30 unch 0.91 0.97 +

675 241 505 1295 875 4280 94 852 61 2963 77 1153 10 22 69 35 294 18 2069 7324 79 25812 10 9653 204 945 231 251 395 121 10 14 33 1527 2224 61 4 81 156 683 15 7 186 11 28 527 2141 668 81 0 537 46 544 428 316 1440 1523 6 7 55 322 164 323 398 23 2463 758 106 10 430 140 1902 146 251 5 7426 477 41 0 5 60 0

0.20 0.16 0.07 0.33 0.27 0.75 7.85 0.10 0.60 0.48 0.16 0.21 0.11 0.09 0.08 0.07 0.48 0.40 2.83 2.26 0.59 29.19 40.00 36.75 0.09 0.12 0.16 0.20 0.30 0.22 0.16 0.03 0.04 0.21 0.27 0.05 0.04 1.70 2.08 2.36 0.05 0.07 1.54 0.16 0.29 0.36 0.29 0.24 0.16 0.00 0.09 0.07 1.18 0.22 0.17 0.16 0.20 0.04 0.98 0.74 0.68 0.27 0.05 1.17 0.88 0.08 0.12 0.10 1.60 0.17 13.30 16.24 0.73 0.90 0.08 0.11 0.75 0.27 0.00 0.12 0.10 0.00

Stock

0.00 0.01 0.01 0.02 0.01 0.02 0.03 0.00 0.02 0.02 0.03 0.04 0.02 0.14 0.04 0.02 0.03 0.01 0.15 0.15 0.01 0.06 0.04 0.64 0.75 0.05 0.05 0.01 0.00 0.01 0.00 0.04 0.02 0.00 0.00 0.05

0.10 0.32 0.26 0.38 0.42 0.55 0.52 0.09 0.33 0.26 0.26 0.30 0.90 0.72 0.60 0.55 0.21 0.28 1.41 1.71 0.77 1.35 1.09 33.45 26.97 0.69 0.84 0.80 0.63 0.38 0.35 0.85 0.46 0.05 0.30 1.18

0.00 0.13 0.02 0.08 0.21 0.28 0.22 0.02 0.12 0.10 0.05 0.08 0.31 0.38 0.31 0.19 0.00 0.06 0.60 0.78 0.20 0.18 0.14 17.79 13.53 0.35 0.45 0.29 0.24 0.06 0.03 0.30 0.23 0.00 0.10 0.35

0.00 0.01 0.00 0.03 0.02 0.10 0.20 0.02 0.01 0.01 0.02 0.03 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.02 0.02 1.43 0.44 2.07 0.01 0.02 0.01 0.01 0.02 0.00 0.02 0.00 0.00 0.07 0.09 0.01 0.01 0.03 0.06 0.04 0.00 0.00 0.12 0.02 0.01 0.02 0.01 0.02 0.01 0.00 0.00 0.01 0.08 0.02 0.00 0.02 0.02 0.00 0.09 0.01 0.01 0.01 0.00 0.17 0.02 0.00 0.01 0.01 0.36 0.02 0.95 1.27 0.02 0.03 0.00 0.03 0.05 0.02 0.00 0.02 0.00 0.00

0.28 0.24 0.20 0.39 0.32 0.90 26.25 0.12 2.12 1.91 0.43 0.50 0.16 0.16 0.25 0.14 0.56 0.55 3.22 2.67 0.75 29.92 42.50 37.00 0.25 0.18 1.78 2.27 0.30 0.22 0.33 0.07 0.10 0.29 0.38 0.07 0.17 2.75 3.17 4.70 0.11 0.12 1.75 0.48 1.00 0.45 1.02 0.82 0.21 0.19 0.14 0.11 1.90 0.51 0.40 0.24 0.30 0.08 2.10 0.99 0.92 0.65 0.09 1.67 1.18 0.11 0.33 0.35 2.97 0.40 17.27 21.05 0.86 1.07 0.12 0.15 0.75 0.49 0.38 0.30 0.24 0.06

0.14 0.00 0.06 0.24 0.19 0.29 6.39 0.01 0.48 0.36 0.12 0.14 0.08 0.07 0.08 0.06 0.28 0.00 1.04 0.78 0.24 14.41 20.22 18.94 0.07 0.09 0.14 0.18 0.10 0.08 0.14 0.02 0.04 0.13 0.16 0.04 0.04 1.45 1.95 1.30 0.04 0.06 0.52 0.00 0.16 0.17 0.20 0.14 0.11 0.12 0.06 0.05 0.76 0.16 0.13 0.12 0.17 0.03 0.45 0.00 0.28 0.20 0.04 0.32 0.75 0.05 0.09 0.08 0.51 0.10 9.37 12.21 0.43 0.55 0.03 0.04 0.20 0.20 0.18 0.09 0.08 0.03

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

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

U.S. Gold* U3O8 Corp* U3O8 Corp Ubique Mineral UC Res* Ucore Rare Mtl* Ucore Rare Mtl UEX Corp Ultra Resource* Ultra Resource Umbral Enrgy* Unigold* Unigold United Battery United Battery* United Res Hdg* United States A* United States S* Universal Cop Universal 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* 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 Vanstar Mng Rs* Vanstar Mng Rs Vantex Res Velocity Mnrls* Velocity Mnrls Vendetta Mng Vendetta Mng* Venerable Vent Venture Mnrls* Verde Potash Verde Res* Vertical Expl* Vertical Expl Victoria Gold* Victoria Gold Victory Nickel Victory Nickel* Victory Res Victory Res* Virginia Enrgy Virginia Enrgy* Viscount Mng Visible Gold M* Visible Gold M Vision Lithium Vision Lithium* Visionary Gold Vista Gold* Vista Gold Viva Gold*

T 0.18 0.14 0.00 0.30 0.24 0.63 7.39 0.08 0.00 0.45 0.14 0.17 0.00 0.08 0.00 0.06 0.45 0.36 2.62 2.09 0.53 26.49 36.91 33.09 0.07 0.09 0.14 0.19 0.25 0.20 0.00 0.00 0.00 0.13 0.17 0.00 0.00 1.45 1.95 2.11 0.05 0.00 1.37 0.00 0.00 0.33 0.26 0.21 0.13 0.00 0.07 0.06 1.03 0.17 0.14 0.13 0.17 0.00 0.00 0.00 0.61 0.24 0.05 0.95 0.86 0.06 0.11 0.00 0.00 0.12 11.60 14.50 0.66 0.83 0.08 0.07 0.55 0.00 0.00 0.00 0.09 0.00

0.19 0.15 0.07 0.33 0.26 0.74 7.61 0.10 0.59 0.46 0.16 0.20 0.09 0.08 0.08 0.06 0.47 0.37 2.71 2.16 0.54 28.52 38.63 35.78 0.08 0.11 0.15 0.20 0.29 0.22 0.15 0.03 0.04 0.21 0.26 0.04 0.04 1.62 2.01 2.23 0.05 0.07 1.49 0.14 0.26 0.33 0.28 0.24 0.14 0.14 0.09 0.06 1.15 0.20 0.16 0.14 0.18 0.04 0.94 0.51 0.62 0.25 0.05 1.17 0.88 0.07 0.11 0.09 1.60 0.13 12.86 16.10 0.72 0.89 0.08 0.09 0.75 0.27 0.23 0.12 0.10 0.04

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

(100s)

High Low

Week

Exc Volume

Last

12-month

High

Low

Change

28 152 237 505 159 1219 160 1 5084 8565 0 10 61 25 44 550 73 1086 13 24 349 150 447 452 607 54 90 734 22 0 385 1087 40 47 248 515 89 152 5003 1492 831 121 512 123

0.13 0.15 0.12 0.88 0.69 9.12 0.09 0.07 0.18 0.22 0.00 0.11 0.08 0.09 0.83 1.03 2.48 1.98 0.18 0.43 0.04 13.18 0.23 0.18 0.15 0.12 0.71 0.90 0.08 0.02 0.14 0.18 0.09 0.86 1.75 2.09 0.60 0.50 12.51 15.71 0.05 0.04 0.00 0.01

0.00 0.13 + 0.00 0.15 + 0.12 0.12 + 0.75 0.86 + 0.60 0.69 + 7.85 9.12 + 0.00 0.08 0.07 0.07 unch 0.15 0.16 0.19 0.20 0.00 0.04 unch 0.00 0.11 + 0.06 0.08 + 0.00 0.09 + 0.71 0.72 0.87 0.87 2.34 2.44 + 1.88 1.94 + 0.17 0.18 + 0.00 0.30 0.00 0.04 11.72 13.18 + 0.21 0.23 unch 0.17 0.18 0.14 0.15 unch 0.10 0.12 + 0.65 0.71 + 0.81 0.90 + 0.00 0.08 unch 0.02 0.02 unch 0.12 0.14 + 0.15 0.18 + 0.00 0.09 0.70 0.72 1.55 1.63 + 1.94 2.04 + 0.56 0.60 + 0.45 0.49 + 10.64 12.48 + 13.25 15.63 + 0.04 0.05 0.03 0.04 0.00 0.00 unch 0.00 0.01 -

D 136 O 172 V 268 C 775 O 6244 O 231 V 112 T 11266 O 159 V 16 O 530 O 81 V 1993 C 789 O 1183 O 91 X 5820 N 95714 V 188 V 126 T 2802 X 27742 V 1535 X 56446 O 1171 X 5922 V 923 D 4857 V 5 O 1 O 146 O 8 V 126 O 42 V 16 N 217490 O 2857 O 499 V 883 C 11103 O 17 V 53 O 164 V 176 O 713 V 706 V 18 O 3 V 114 V 869 O 675 V 0 O 308 T 429 O 109 O 90 V 1089 O 149 T 1366 C 376 O 34 C 3834 O 794 V 685 O 705 V 361 O 66 V 201 V 16316 O 2659 V 270 X 2553 T 84 O 528

10.50 0.35 0.50 0.07 20.97 0.74 0.92 0.54 0.21 0.27 0.07 0.09 0.11 0.78 0.58 0.03 0.94 28.36 0.11 2.35 2.72 2.15 0.73 5.79 0.03 3.83 7.22 5.83 0.27 0.25 0.03 0.30 0.37 0.11 0.14 12.89 0.01 0.46 0.57 0.15 0.04 0.04 0.08 0.10 0.34 0.43 0.19 0.32 0.44 0.06 0.07 0.00 0.04 1.61 0.04 0.14 0.19 16.22 19.90 0.02 0.02 0.11 0.08 0.98 0.79 0.46 0.08 0.09 0.24 0.19 0.11 0.86 1.07 0.12

High Low

0.02 0.02 0.00 0.08 0.06 1.14 0.02 0.00 0.02 0.02 0.00 0.01 0.02 0.01 0.05 0.08 0.06 0.03 0.01 0.05 0.01 1.33 0.00 0.01 0.00 0.01 0.05 0.07 0.00 0.00 0.01 0.03 0.01 0.05 0.04 0.03 0.03 0.04 1.97 2.54 0.01 0.00 0.00 0.01

0.78 0.26 0.20 1.53 1.17 9.17 0.20 0.14 0.23 0.28

0.10 0.13 0.07 0.65 0.52 6.26 0.08 0.05 0.11 0.15

0.12 0.19 0.13 1.55 1.96 3.70 3.06 0.21 0.45 0.14 16.46 0.32 0.25 0.26 0.19 1.22 1.35 0.30 0.08 0.41 0.52 0.25 1.46 3.00 3.65 1.13 0.98 21.89 26.45 0.06 0.06 0.01 0.05

0.10 0.00 0.07 0.45 0.59 2.09 1.59 0.06 0.00 0.04 10.50 0.19 0.15 0.12 0.10 0.53 0.68 0.06 0.02 0.02 0.12 0.08 0.13 1.55 1.94 0.46 0.36 8.06 10.61 0.02 0.01 0.00 0.01

0.53 0.00 0.01 0.00 0.13 0.03 0.03 0.08 0.03 0.03 0.01 0.00 0.01 0.02 0.00 0.00 0.03 0.23 0.02 0.15 0.11 0.09 0.06 0.89 0.00 0.19 0.35 0.21 0.01 0.00 0.01 0.01 0.03 0.00 0.01 0.94 0.00 0.03 0.03 0.03 0.00 0.01 0.01 0.02 0.01 0.02 0.01 0.03 0.03 0.01 0.01 0.00 0.00 0.06 0.00 0.00 0.04 0.79 0.93 0.01 0.00 0.02 0.02 0.03 0.02 0.06 0.01 0.01 0.06 0.04 0.01 0.05 0.05 0.01

17.40 0.55 0.70 0.10 30.20 2.36 2.97 0.60 0.23 0.28 0.19 0.35 0.49 1.80 1.46 0.04 2.56 30.57 0.21 3.25 2.72 2.14 1.68 5.72 0.27 11.45 7.31 5.95 0.70 0.55 0.07 0.30 0.38 0.24 0.18 23.18 0.20 0.46 0.57 0.44 0.09 0.12 0.10 0.13 2.32 1.58 0.38 0.47 0.61 0.08 0.07 0.13 0.12 1.97 1.00 0.19 0.30 18.50 22.54 0.10 0.08 0.60 0.49 0.98 0.79 0.55 0.30 0.38 0.95 0.74 0.24 1.40 1.72 0.31

8.50 0.04 0.11 0.03 0.75 0.60 0.70 0.13 0.04 0.05 0.00 0.07 0.10 0.40 0.27 0.01 0.33 9.88 0.06 1.05 0.57 0.42 0.49 0.93 0.02 3.05 1.09 0.83 0.15 0.05 0.00 0.15 0.18 0.08 0.09 11.41 0.00 0.16 0.21 0.08 0.03 0.04 0.03 0.04 0.30 0.38 0.16 0.32 0.40 0.04 0.01 0.10 0.03 0.60 0.01 0.01 0.03 8.18 10.42 0.01 0.01 0.05 0.04 0.07 0.05 0.31 0.00 0.07 0.02 0.01 0.09 0.67 0.85 0.10

U-V 9.66 0.32 0.43 0.07 16.99 0.67 0.86 0.44 0.17 0.00 0.05 0.08 0.10 0.70 0.52 0.02 0.85 25.18 0.09 2.05 2.36 1.89 0.63 4.64 0.02 3.43 6.63 5.31 0.00 0.25 0.03 0.28 0.34 0.10 0.00 11.71 0.01 0.39 0.49 0.10 0.03 0.00 0.07 0.08 0.30 0.38 0.00 0.00 0.00 0.05 0.03 0.00 0.03 1.31 0.03 0.14 0.15 13.65 17.78 0.02 0.00 0.07 0.05 0.76 0.61 0.39 0.06 0.00 0.17 0.14 0.00 0.73 0.93 0.10

10.44 0.35 0.43 0.07 17.19 0.72 0.90 0.45 0.17 0.24 0.06 0.09 0.11 0.71 0.57 0.03 0.87 26.40 0.10 2.13 2.48 1.99 0.69 5.47 0.02 3.58 6.91 5.50 0.26 0.25 0.03 0.28 0.35 0.11 0.12 12.55 0.01 0.44 0.54 0.13 0.03 0.04 0.08 0.10 0.31 0.39 0.19 0.32 0.44 0.06 0.05 0.12 0.04 1.59 0.04 0.14 0.15 14.44 18.13 0.02 0.01 0.09 0.08 0.76 0.61 0.46 0.08 0.09 0.23 0.19 0.10 0.75 0.94 0.10

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

(100s) Stock

Exc Volume

Week

23

12-month

High

Low

Last

0.14 0.36 3.15 2.49 0.09 0.42 0.51 0.12 0.09 0.00 0.41 0.08 0.22 0.29 0.23 0.29 0.13 0.11

0.14 0.36 3.28 2.60 0.11 0.50 0.60 0.12 0.09 0.10 0.42 0.08 0.24 0.29 0.24 0.31 0.17 0.13

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

0.01 0.02 0.03 0.00 0.02 0.02 0.00 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.03 0.03 0.03 0.01

0.39 0.70 3.45 2.86 0.23 0.55 0.69 0.36 0.32 0.35 0.49 0.25 0.55 0.68 0.80 0.37 0.30 0.50

0.13 0.21 1.26 0.99 0.01 0.26 0.30 0.09 0.00 0.04 0.24 0.03 0.18 0.23 0.04 0.05 0.06 0.05

0.05 0.04 0.38 0.48 0.06 0.08 0.04 0.49 0.61 0.24 0.09 13.21 10.52 0.61 0.10 0.12 0.16 0.05 0.07 1.06 2.20 0.09 0.09 1.91 1.51 0.21 0.58 0.72 0.18 0.14 0.15 2.97 2.38 1.62 0.40 0.51 0.10 0.13 0.22 0.16 0.17 55.94 44.59 0.09 0.57 0.72 0.07 0.10 0.03 1.85 0.61 0.13 0.17 0.09 0.04 0.05 0.36 0.15 0.18 0.53 0.62 0.04 0.04 0.04 0.03 0.19 0.14 0.22 0.27 0.05 0.05 1.15 0.91 5.60 4.48 1.47 0.03 0.05 0.71 0.88 0.25 5.34 6.70 0.14 0.15 0.13 0.22 0.55 0.44 0.05 0.15 0.14 0.14 0.21

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

0.01 0.00 0.09 0.09 0.01 0.01 0.00 0.04 0.05 0.11 0.02 1.47 1.10 0.08 0.02 0.02 0.00 0.01 0.01 0.06 0.05 0.00 0.01 0.08 0.07 0.00 0.02 0.04 0.00 0.00 0.02 0.17 0.18 0.11 0.06 0.08 0.02 0.01 0.00 0.00 0.04 4.89 3.58 0.01 0.17 0.23 0.00 0.02 0.00 0.04 0.01 0.00 0.02 0.02 0.00 0.00 0.04 0.01 0.02 0.03 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.03 0.03 0.02 0.02 0.03 0.02 0.43 0.32 0.13 0.00 0.01 0.08 0.11 0.03 0.25 0.37 0.00 0.01 0.00 0.01 0.05 0.10 0.00 0.03 0.00 0.02 0.03

0.14 0.11 0.70 0.90 0.10 0.12 0.07 0.56 0.70 0.79 0.15 13.33 11.00 0.68 1.16 1.70 0.19 0.11 0.15 1.99 2.50 0.09 0.13 3.35 2.83 0.69 0.76 0.96 0.37 0.19 0.22 4.18 3.28 2.05 0.73 0.93 0.21 0.30 0.39 0.32 0.33 60.42 49.10 0.11 0.68 0.86 0.12 0.17 0.05 2.64 4.80 0.29 0.36 0.13 0.18 0.19 2.34 0.40 0.36 1.54 0.78 0.09 0.16 0.13 0.11 0.25 0.19 0.35 0.43 0.14 0.21 1.53 1.22 7.85 6.16 2.05 0.06 0.07 1.05 1.89 0.75 5.41 6.70 0.25 0.24 0.19 0.30 5.00 1.27

0.04 0.01 0.33 0.46 0.01 0.06 0.03 0.06 0.09 0.24 0.06 7.78 6.05 0.13 0.08 0.11 0.11 0.04 0.05 0.90 1.45 0.04 0.05 1.24 0.95 0.14 0.08 0.10 0.15 0.07 0.14 0.53 0.39 1.15 0.31 0.39 0.10 0.11 0.16 0.16 0.08 44.09 34.85 0.08 0.37 0.45 0.05 0.06 0.00 0.90 0.57 0.12 0.13 0.08 0.03 0.05 0.22 0.04 0.15 0.36 0.29 0.04 0.04 0.03 0.03 0.09 0.07 0.14 0.18 0.05 0.04 0.87 0.65 4.82 3.82 0.83 0.01 0.04 0.45 0.52 0.16 1.08 1.38 0.10 0.12 0.10 0.14 0.55 0.01

0.23 0.19 0.21 0.30

0.10 0.08 0.13 0.17

Viva Gold Vizsla Copper Vizsla Silver Vizsla Silver* Volatus Cap Volcanic Gold* Volcanic Gold Voyager Metals Voyager Metals* Voyageur Min Voyageur Min Voyageur Min* VR Resources* VR Resources Vulcan Mnrls* Vulcan Mnrls VVC Expl VVC Expl*

V V V O C O V V O V C O O V O V V O

602 567 1750 570 281 75 451 337 22 236 456 53 98 99 32 938 217 336

0.15 0.44 3.45 2.86 0.11 0.51 0.64 0.13 0.11 0.10 0.48 0.09 0.25 0.32 0.35 0.34 0.17 0.16

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

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

2148 26 6359 15769 82 30 5 1147 794 40 6 1876 1179 932 26 1114 1 102 205 31 24 5 263 919 2223 0 923 1044 176 12 1 616 365 9 107 1069 10 6 129 10 581 5992 11496 215 401 1659 24 1875 1223 180 96 2 35 1 2436 1151 1227 275 1082 191 757 29 610 20 1937 274 334 90 591 242 372 16 24 22121 89351 3 3 296 314 540 10 287 1280 0 209 184 48 8 0 0 146 5 7 81

0.05 0.04 0.48 0.60 0.06 0.08 0.04 0.51 0.62 0.25 0.09 13.33 11.00 0.68 0.10 0.13 0.00 0.06 0.07 1.06 2.27 0.09 0.10 2.03 1.63 0.00 0.63 0.76 0.19 0.14 0.15 3.39 2.73 1.62 0.42 0.53 0.10 0.13 0.24 0.16 0.17 56.57 45.07 0.10 0.58 0.72 0.07 0.11 0.03 1.90 0.64 0.00 0.17 0.09 0.05 0.05 0.40 0.16 0.20 0.57 0.65 0.04 0.05 0.04 0.03 0.20 0.17 0.22 0.27 0.06 0.07 1.17 0.92 5.68 4.52 1.60 0.03 0.05 0.71 0.88 0.25 5.34 6.70 0.00 0.15 0.13 0.23 0.55 0.44 0.00 0.18 0.14 0.16 0.21

Change

High Low

W-Z 0.04 0.03 0.36 0.46 0.05 0.00 0.00 0.42 0.56 0.00 0.00 11.85 9.10 0.53 0.08 0.11 0.00 0.04 0.06 0.96 2.12 0.09 0.00 1.83 1.46 0.00 0.52 0.66 0.18 0.14 0.00 2.85 2.30 0.00 0.00 0.43 0.00 0.00 0.00 0.16 0.12 50.87 40.87 0.08 0.41 0.53 0.07 0.09 0.02 1.79 0.60 0.00 0.00 0.00 0.04 0.05 0.34 0.14 0.17 0.51 0.60 0.00 0.04 0.00 0.03 0.00 0.00 0.19 0.23 0.00 0.00 1.12 0.89 5.17 4.15 1.47 0.03 0.00 0.58 0.72 0.00 4.75 5.90 0.00 0.00 0.10 0.00 0.00 0.00 0.00 0.15 0.14 0.14 0.00

BID-ASK — NOVEMBER 8–12, 2021 12-MONTH STOCK

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

EXC

BID

ASK

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

0.24 9.41 ...

0.08 0.07 0.86 0.16 0.02 0.03 0.33 0.13 0.04 ... ...

1.94 0.11 0.01 0.17 ...

0.06 0.06 ...

0.16 0.05 0.35 ...

0.17 1.45 0.01 0.01 0.06 0.08 0.10 0.50 0.30 0.09 ...

0.12

0.25 9.52 ...

0.08 0.11 1.45 0.28 0.03 0.04 0.40 0.14 0.06 ... ...

2.19 0.11 0.01 0.20 0.05 0.07 0.15 ...

0.17 0.06 1.25 ...

0.25 3.20 0.02 0.02 0.07 0.08 0.10 4.00 0.59 0.10 ...

0.12

12-MONTH

LAST

HIGH

LOW

STOCK

0.25 9.47 0.04 0.15 0.10 1.25 0.14 0.03 0.03 0.40 0.14 0.05 0.47 0.04 2.01 0.11 0.01 0.17 0.03 0.06 0.10 0.11 0.16 0.05 0.35 0.29 0.17 1.43 0.01 0.01 0.06 0.08 0.03 2.00 0.35 0.10 0.59 0.11

0.33 10.82 0.08

0.05 3.50 0.04

0.12 1.25 0.16 0.13 0.04

0.09 0.08 0.14 0.01 0.03

0.15

0.03

0.47 0.15 2.50 2.10

0.42 0.03 0.82 0.10

0.14 0.28 0.15 0.33 0.17 0.50 0.34 0.25 7.17 0.10

0.05 0.01 0.03 0.09 0.05 0.25 0.12 0.12 0.98 0.01

0.12 0.37

0.05 0.07

2.00 1.45 0.11 0.62

2.00 0.28 0.01 0.13

GAR Limited General Moly* Genius Metals Gespeg Res Gldn Predator Global Cop Grp Golcap Res Goldbelt Emp Goldblock Cap Golden Cariboo GoldHaven Res Goldshore Res Great Lakes Gr Green Arrow Handa Mining Highvista Gold Indico Res Inspiration Mg Intl Battery Intl Cobalt Iron South Mng Ivor Explor K9 Gold Karora Res Kodiak Copper Latin Metals Leo Res Lida Resources Lithium South MAG Silver* Mansa Explor McLaren Res Metalo Manuf Mich Resources Minecorp Egy Mongoose Mg Montana Gold Napier Vent

EXC

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

BID

... ... ...

0.06 0.15 0.07 0.15 0.02 ...

0.10 ... ...

0.05 0.02 0.04 ... ... ... ...

0.20 0.24 0.33 0.17 0.47 0.05 0.03 ... ...

0.31 12.52 0.25 0.06 0.32 0.37 ... ...

0.09 0.06

12-MONTH

ASK

LAST

HIGH

LOW

STOCK

... ... ...

0.06 0.17 0.08 0.18 0.02 ...

0.12 ...

375.00 0.05 0.03 0.05 ...

0.01 ... ...

0.25 0.27 0.38 0.24 0.48 0.06 0.04 ... ...

0.34 13.30 0.25 0.06 0.61 0.50 ...

0.12 0.10 ...

0.15 0.11 0.22 0.06 0.16 0.08 0.15 0.02 0.32 0.10 0.42 0.11 0.04 0.02 0.04 0.17 0.01 0.03 0.31 0.26 0.24 0.32 0.24 0.48 0.05 0.03 1.09 0.24 0.31 12.52 0.19 0.06 0.55 0.37 0.12 0.12 0.10 0.07

4.13 100.00 0.28 0.10 0.36 0.11 0.60 0.05 0.32 0.15 0.45 1.20

0.13 0.10 0.16 0.06 0.12 0.04 0.08 0.02 0.18 0.02 0.06 0.48

0.04 0.06

0.02 0.01

Navis Res Corp New Klondike Nexco Res North Valley O2Gold Patriot Batt Phenom Res PPX Mining Primary Energy Prospero Silvr Quinto Res Rare Element* Razore Rock Res Reliant Gold Rizal Res Rockex Mng Rockland Mnls Silver Phoenix Southern Arc Southstone Min Standard Lith Supernova Met Talmora Diamd Tiger Intl Trench Metals TriMetals Mng Ubique Mineral Vale* ValOre Metals Vanadiumcorp Vatic Vent Waraba Gold West Oak Gold Whitemud Res Winshear Gold Xiana Mng Zara Res Zinco Mng

1.08 0.28 0.40 0.28 0.73 0.13 0.16

0.06 0.04 0.28 0.16 0.20 0.04 0.02

0.27 0.66 14.40 0.22 0.10 0.69 0.48 0.20 0.22 0.10

0.13 0.24 6.12 0.08 0.05 0.08 0.22 0.07 0.05 0.02

EXC

BID

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

...

0.01 ...

0.06 0.23 0.09 0.68 0.04 ...

0.55 0.05 0.11 0.11 ...

0.01 0.04 0.07 0.36 0.32 0.01 6.65 0.05 0.02 ...

0.55 0.11 0.05 ...

0.06 0.10 0.05 0.19 0.11 0.01 0.12 0.07 ...

0.05

ASK

...

0.01 ...

0.12 0.27 0.10 0.71 0.05 ...

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

0.07 0.10 ...

0.25 0.15 0.02 0.14 0.08 ...

0.07

LAST

0.30 0.01 0.30 0.10 0.23 0.10 0.69 0.04 0.17 0.56 0.08 0.15 0.11 0.02 0.02 0.04 0.08 0.41 0.89 0.01 6.95 0.06 0.03 0.15 0.55 0.12 0.07 10.24 0.07 0.09 0.10 0.20 0.16 0.02 0.14 0.08 0.07 0.05

HIGH

LOW

0.40 0.10 0.37 0.18 0.76 0.06 0.82 1.35

0.13 0.10 0.06 0.08 0.24 0.04 0.16 0.51

0.89 0.25

0.06 0.06

0.09 0.11 0.90 0.93 0.04 6.95 0.19 0.15 0.30 0.22 0.12 0.10 11.10 0.13 0.13

0.02 0.01 0.41 0.24 0.01 1.02 0.05 0.02 0.07 0.04 0.03 0.03 6.57 0.07 0.05

0.35 0.19 0.03 0.15 0.12 0.22

0.19 0.11 0.01 0.05 0.06 0.07

24

NOVEMBER 22—DECEMBER 5, 2021 / THE NORTHERN MINER

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