The Northern Miner November 8 2021 Issue 23

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Barrick shifting into growth mode says CEO Mark Bristow | Gold major underlines commitment to investing in Canada as it looks to bolster exploration and development

INTERVIEW

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BARRICK GOLD

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ince the merger of Barrick Gold (TSX: ABX; NYSE: GOLD) and Randgold Resources early in 2019, the new gold major appears to be completing a full circle under the leadership of Mark Bristow by increasingly prioritizing value-adding grass-roots exploration and development, he tells The Northern Miner.

After kicking off a period of toptier gold-industry consolidation, the company has been focusing on “right-sizing” the portfolio, focusing only on Tier 1 and Tier 2 assets.

But getting back to value creation through the drill bit is something close to the former Randgold Resources executive’s heart and an activity he is increasingly able to accomplish as most of Barrick’s operating assets are currently performing well.

Bristow has been very vocal about his commitment for Barrick to remain a Canadian company and has been talking about the company’s commitment to secure a new top-tier asset in the mining-friendly jurisdiction since the Denver Gold Forum in September.

“We remain Canada’s biggest gold mining company, and Hemlo remains our only strategic operation here,” says Bristow in an interview. “I’ve been very outspoken about my commitment to grow our portfolio in Canada. We’re very committed to doing that, but as you know, we are very focused on Tier 1 assets.

“Since I coined the phrase ‘Tier 1’, the definition varies quite a lot.

A Tier 1 asset is an asset that can produce 500,000 ounces gold a year, for more than ten years, at the lower

M&A

| Acquires stake in New Century Resources in Australia

Barrick Gold’s president and CEO Mark Bristow speaking in Argentina in October.

BY HENRY LAZENBY

Sibanye-Stillwater buys nickel-copper mines in Brazil for US$1 billion

half of the cost curve.”

Bristow says implementing the Tier 1 strategy in Canada is a challenging task. “In Canada, of course, we have a Tier 2 asset, Hemlo in Ontario, which we would also invest in despite the lack of that 500 ounce per annum marketable inventory. Still, it gives about 200,000 to 250,000 ounces, for more than ten years, at the lower half of the cost curve,” he says.

According to Bristow, Canadian gold deposits tend to be relatively

small and always “quite complex.”

Hemlo is the smallest producer in the portfolio. Bristow describes it as a challenging mining enterprise.

“When we did the Randgold merger, we looked at it because it had already been struggling and again, you know, what gave it a lease of life was the open-pit mine, which came to an end in 2020.

“During 2019 and 2020, we reviewed See BARRICK / 5

BY CECILIA JAMASMIE

outh Africa’s Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) is buying two nickel and copper miners in Brazil from private equity firm Appian Capital in a US$1 billion deal that boosts the company’s growing battery materials portfolio.

The acquisition of Atlantic Nickel and Mineração Vale Verde from Appian is Sibanye-Stillwater’s fourth battery metal investment this year, and follows the purchase of a 50% stake in ioneer Ltd.’s (ASX: INR) lithiumboron project in Nevada in September.

The precious metals miner said the transaction includes a 5% net smelter return (NSR) royalty, valued at about US$218 million, over potential future underground production from the Santa Rita mine, which CEO Neal Froneman said is one of the world’s ten biggest open-pit nickel sulfide assets producer.

“The transaction represents a unique opportunity for Sibanye-Stillwater to acquire significantly pre-developed and pre-capitalized, low-cost, producing nickel and copper assets,” Froneman said in a press release.

The deal comes as miners across the globe try securing supplies of the

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M&A: CALIBRE TO BUY FIORE AND CREATE MID-TIER GOLD PRODUCER / 6

metals used in batteries for electric cars and are key for the transition to a green economy.

London-based Appian had acquired Santa Rita through the bankruptcy process of the previous operator, Australia’s Mirabela Nickel, and its Atlantic Nickel unit resumed production at the mine in 2020.

Open-pit operations are expected to last until 2028, with annual production estimated at 16,000 tonnes of nickel-equivalent a year. Santa Rita could then be transitioned into an underground mining operation, extending the life of the mine from eight to about 34 years.

Sibanye’s other acquisition target, Mineração Vale Verde, has just finished construction of the Serrote copper-gold mine, located in Alagoas, eastern Brazil. The asset is expected to produce about 20,000 tonnes copper-equivalent annually over 13 years.

Appian, which put the two assets up for sale earlier this year, said the process had been very competitive, trigSee SIBANYE-STILLWATER / 5 PM40069240

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The Canadian Mining Hall of Fame announces 2022 inductees HONOURS

| Five new members are recognized for their work in the mining industry

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he Canadian Mining Hall of Fame will welcome five new members at a gala dinner and induction ceremony on August 18, 2022 at the Palais Royale Ballroom in Toronto. A limited number of tickets will go on sale for the event next year.

The Northern Miner is a co-founding member organization of the Canadian Mining Hall of Fame, along with the Canadian Institute of Mining, Metallurgy and Petroleum, The Mining Association of Canada and The Prospectors and Developers Association of Canada. More details about the event can be found at www.mininghalloffame.ca.

> Maureen C. Jensen (Born 1956)

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F. DALE CORMAN

> F. Dale Corman (Born 1937)

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he long and impressive list of mines and companies built by Dale Corman during a 50-year career is a testament to his ability to see the potential of early-stage opportunities and bring them to feasibility and fruition. He has served as president of seven public companies and director of 25 listed companies, and was involved in the development of seven mines and mineral deposits in Canada, and other parts of the world. His early successes in the 1970s included the high-grade Sturgeon Lake base metal mine in Ontario, the Lake George antimony mine in New Brunswick, and the Cullaton Lake gold mine in Nunavut. In subsequent decades he led several Vancouver-based juniors, notably Western Copper Corp. and related entity Western Silver Corp. He was a tenacious champion of large copper and copper-gold projects, including the Carmacks and Casino deposits in the Yukon, which were both advanced to feasibility. The highlight of his career was the discovery and development of the world-class San Nicolas deposit and the Penasquito mine in central Mexico. Penasquito ultimately became Mexico’s largest gold mine and second-largest silver mine and an important asset for current operator Newmont Corporation.

Dale Corman was born in St. Catharines, Ontario, and earned a BSc in geology from Rensselaer Polytechnic Institute in New York in 1961. He spent several years in the investment industry before joining Harbinson Mining and Oil Group, where he helped manage a group of 15 listed junior companies. During this period, he was instrumental in bringing the Sturgeon Lake, Lake George and Cullaton Lake mines into production.

In 1989, Corman focused his atten-

tion on copper and precious metal deposits in Canada and Mexico. His company, Thermal Exploration, was then in a 50/50 partnership with Western Copper in the Carmacks deposit in the Yukon. A positive feasibility study was completed in 1994, and Thermal and Western Copper soon merged to form Western Copper Holdings with Corman as chairman and CEO. In 1997, Corman led Western Copper’s acquisition of the Penasquito project in Mexico, after seeing potential for a bulk-tonnage polymetallic mine. He also participated in a joint venture with Teck Corporation to explore the nearby San Nicolas prospect. Drilling of a large geophysical anomaly at San Nicolas led to the discovery of a large copper-zinc resource. Major discoveries at Pensaquito soon followed.

Corman moved to Vancouver in 2003. The same year, Western Copper changed its name to Western Silver to reflect the growing importance of the Mexican projects, which attracted investor and industry attention after positive feasibility studies were completed for both projects. In 2006, Glamis Gold acquired Western Silver and its Mexican assets for $1.3 billion. Pensaquito was brought into production in 2009, after Glamis was acquired by Goldcorp (now part of Newmont), and has since produced more than four million ounces of gold along with other valuable metals. Teck later acquired Goldcorp’s stake in San Nicolas, which is ranked as one of the largest undeveloped massive sulphide deposits in North America, and the largest in Mexico.

Corman then returned to Western Copper (later Western Copper and Gold), which had been spun-out from Western Silver. While the copper assets are as yet undeveloped, some are still being evaluated, notably Casino, as evidenced by the involvement of Rio Tinto in 2021.

ew geologists have made the transition from the field to the boardroom more successfully than Maureen Jensen, or contributed as much to revitalize Canada’s mining and investment industries. She is best known as the first female to head the Ontario Securities Commission (OSC), where she championed policies to improve investor protection and encourage diversity for executives and directors of public companies.

Before joining the Ontario Securities Commission (OSC), Jensen served as SVP, surveillance and compliance, at the Investment Industry Regulatory Organization of Canada (IIROC) and President at Market Regulation Services. She also held senior positions at the Toronto Stock Exchange (TSX), including Director of Mining Services during the aftermath of the Bre-X scandal. She was a TSX member of the Mining Standards Task Force that laid the groundwork for National Instrument 43-101, which became a globally recognized disclosure standard for mining projects.

Jensen’s previous 20-year career in mining enabled her to take a pragmatic science-based approach to solving industry and regulatory challenges. She also played a leadership role in strengthening industry associations, notably the Prospectors and Developers Association of Canada (PDAC) and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM).

Born in Winnipeg, Jensen grew up in mining towns and learned the values of hard work and self-reliance after her mining engineer father died when she was eight. She worked and saved to attend the University of Toronto, where she earned a BSc in geology in 1979. She gained field experience as an exploration geologist in North America before joining Noble Peak Resources as vicepresident of exploration in 1990. A year later, she became president and CEO, rose to chairman in 1997, and built the market cap of the company tenfold in five years. Jensen’s abilities and talents came to the fore in the wake of the Bre-X fraud. She was a valued TSX member of the Mining Standards Task Force and contributed to the creation and implementation of the 43-101 regulations by the TSX and OSC and the “Qualified Person” concept to help restore investor confidence in the mining industry. Jensen joined the OSC as executive director and chief administrative officer in 2011 and was appointed Chair and CEO in 2016. She introduced policies for new advisor standards, disclosure of gender diversity on boards, elevated consumer protection and whistle-blower protection, among others, while advocating to provide Canada with a more flexible regulatory environment for mining and other public companies.

MAUREEN JENSEN Jensen’s contributions to industry causes and associations were purposeful and far-reaching. She worked on the effort to regulate professional geoscience in Ontario and legislation was passed in 2000. She was active at the CIM and PDAC and served on several committees, notably CIM’s Exploration Best Practices and the PDAC’s board (1993-2008) and on the Student Affairs and Environment Committees. She also served as director of Mining Matters and was a spokesperson for the Keep Mining in Canada program. She is a longstanding champion of equity, diversity and inclusion (EDI) in business and is chair of the Prosperity Project created to help women stay in the workforce during and after the Covid-19 crisis. Jensen has received broad public and industry recognition for her many achievements, including induction to the Investment Industry Hall of Fame (2020), Toronto Life magazine’s list of 50 most influential people in 2013 and 2014, PDAC’s Distinguished Service Award (2008), CIM’s Robert Elver Mineral Economics (2004) and CIM’s Distinguished Lecturer (2000) awards.

PHILLIP MACKEY

> Phillip John Mackey (Born 1941)

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lthough born in Australia, Phillip Mackey is known worldwide as one of Canada’s most prominent metallurgists in the field of non-ferrous extractive metallurgy. He is one of the few Canadians to have advanced the development of not one but two significant copper smelting technologies that have benefited copper metallurgical plants around the world. He co-developed the Noranda Reactor Process that has treated roughly 40 million tonnes of copper concentrate since its inception in Canada alone, and about 80 million tonnes globally, making it a major non-ferrous smelting technology. He co-invented the Noranda Converting Process, which has produced more than four million tonnes of copper since the late 1990s and remains the world’s third most productive copper converting technology. In addition to these and other technical achievements, Mackey expanded industry knowledge as a prolific author of technical papers, renowned lecturer, and inspirational mentor of young metallurgists.

Mackey obtained a BSc (Honours)

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from the School of Metallurgy at the University of New South Wales, Australia, in 1963, and completed his doctorate there in 1969. He then moved to Montreal to join the Noranda Research Centre, which was then striving to develop a new autogenous smelting process to smelt concentrate to metal in one step. Other smelting processes had been developed, but were not compatible with the feed flexibility that Noranda was seeking.

As Pilot Plant Supervisor, Mackey helped develop the Noranda Reactor Process, which was first implemented at the Horne smelter in the early 1970s. The process also achieved early success in the United States, Australia, and China, and soon evolved to become the world’s best process for making a high-grade matte.

Mackey was later instrumental in developing the Noranda Converting Process, which was installed at the Horne smelter in the late 1990s, and provided enhanced environmental performance compared to the former converter. The Noranda Converter was one of the first continuous converters to be installed worldwide and has since produced more than about four million tonnes of copper. He was involved with other initiatives during his career with Noranda (and related entities such as Falconbridge and Xstrata), including new developments for processing lateritic nickel deposits, and concluding technology agreements with other nations, notably Chile. He conducted due diligence and technical studies on a range of projects around the world. His expertise has benefited numerous metallurgical operations and continuous improvement projects. He formed his own consulting company after leaving Xstrata and this has led to a range of projects worldwide, including work on the development of a new nickel laterite project in Brazil.

Mackey mentored a new generation of metallurgists as a professor at Laurentian University in Sudbury, and as a Special Lecturer at McGill University in Montreal. He also was an honorary professor at Northeastern University in Shenyang, China.

He was a co-founder of the CopperCobre conferences, which expanded from a joint Canadian-Chilean enterprise to embrace the entire global industry. Mackey is on the board of Hazen Research in Denver in the United States.

He is a strong supporter of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and is a past-president of the Metallurgical Society (METSOC). A fellow of CIM and of The Minerals, Metals and Material Society (TMS) in the United States, Mackey has authored or co-authored more than 100 technical papers covering diverse aspects of non-ferrous metallurgy. His CIM and METSOC Awards include the Silver Medal (2006), a Special Medal of Honour (2007), the Selwyn G Blaylock Medal (2010), and the prestigious Airey Award (2012) for “outstanding contributions” to the field of extractive metallurgy.

He has earned many honours over the years, including the Noranda Technology Award (1998) for his continuous converting process. The Phillip Mackey Symposium was held in his honour at the 2019 Copper Conference in Vancouver. He presented the TMS Extractive & Processing Division Distinguished Lecture in 2020 and received the John Elliott Lectureship Award of the Association for Iron and Steel Technology for 2021-2022.

THE NORTHERN MINER / NOVEMBER 8—21, 2021

ROBERT QUARTERMAIN

> Robert Quartermain (Born 1955)

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he career path of Robert Quartermain encompasses several distinct phases of success, starting with a pivotal role in the discovery of Ontario’s Hemlo gold camp in the early 1980s. He began his career as a geologist for Teck Corporation and gained rare and valuable experience at Hemlo and other mines. In 1985, he was recruited to manage Teck’s associated junior and midsized companies. Among them was Silver Standard Resources, which he grew from a market cap of $2 million into a global silver miner valued in excess of $2.5 billion. In 2010, he ventured on his own to form Pretivm Resources, based on an unshakeable belief that its high-grade Brucejack prospect in northern British Columbia had the makings of a mine. His faith was validated when Brucejack became Canada’s fourth-largest gold mine with annual production of 350,000 ounces.

Quartermain is a longstanding advocate for Indigenous involvement in the resource industry and a generous philanthropist with a focus on education, social justice and wildlife habitat preservation.

His social conscience has deep roots from his childhood in St. Stephens, New Brunswick. He learned leadership skills as a young RCAF Air Cadet and in 2019 was appointed an Honorary Colonel in the RCAF for his support of the Canadian Armed Forces. Quartermain graduated from the University of New Brunswick with a BSc (Honours, geology) in 1977, and later remembered his alma mater with a $1 million contribution to its Earth Sciences Department (now the Quartermain Earth Science Center) and funding for research and six geoscience scholarships.

Quartermain joined Teck in 1981, after earning his MSc in mineral exploration from Queen’s University in Kingston, Ontario. He was assigned to manage exploration drilling of the Corona gold prospect at Hemlo and

outlined the deposit that later became the David Bell mine, the first in the camp. He saw similar potential at an adjacent property and urged Teck to option it; however Teck was outbid

by Noranda, which developed it into the Golden Giant mine. Quartermain was then transferred to Vancouver as president of Silver Standard Resources, where he put together a strong exploration team. Their ability to discover or acquire quality assets impressed Teck and Quartermain and his team were tasked to manage other Teck affiliates including Western Copper Holdings with its initial focus into Mexico leading to the San Nicholas discovery, and Mutual Resources/Golden Knight Resources, which acquired a minority interest in the Tarkwa gold mine in Ghana.

Silver Standard, meanwhile, through strong shareholder financial support, was able to acquire a joint-venture interest in the Manantial Espejo mine, and developed the Pirquitas mine, both in Argentina, while advancing many other silver projects such as Silvertip, San Agustin and Pitarilla.

After building Silver Standard (now SSR Mining) into a major silver-focussed producer, Quartermain focused his attention on forming Pretivm Resources and acquiring the Brucejack property in B.C. He and his team negotiated agreements with First Nations and raised US$540 million to construct a 3,800-tonne-per-day mine. Brucejack has been profitable since it commenced commercial production in July 2017. From a geological concept to Canada’s fourthlargest gold mine in a decade is a testament to his skills as a geoscientist and company builder. Quartermain has received many awards over the years, notably MABC’s Mining Person of the Year (2017), CIM’s A.O. Dufresne award (2016), Vale Inco Medal (2010), PDAC’s Bill Dennis award (2013), Association for Mineral Exploration (AME) BC’s Murray Pezim award (2009) and an Honorary doctor of science (DSc) degree from the University of New Brunswick in 2009.

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PETER RISBY

> Peter Risby (1931-2011)

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he life story and career accomplishments of Peter (“Pete”) Risby are truly extraordinary in Canadian mining history. He was a tenacious entrepreneur who overcame adversity to become a successful prospector and miner in northern Canada. He began prospecting in 1957, initially for syndicates, and later on his own or with Indigenous partners. His early finds included the Risby-Tungsten property in Yukon and the Lee property in the Northwest Territories (NWT). The Lee project was the foundation for his involvement with Welcome North Mines and subsequent discovery of more than 80 projects optioned to major companies. In 1981, Risby began exploring the placer potential of the Indian River Valley near Dawson City. He went on to develop and operate the Indian River mine, which became a leading gold producer and a major contributor to the Yukon’s economy.

Risby’s life story is equally inspiring. He was born in Kansas in 1931, to a Black railway porter and a German nursing student who fled to Canada to avoid persecution by the KKK. The family settled in a Cree community in Alberta, where they were welcomed. Here, Risby learned vital bush navigation and survival skills. Risby was forced to attend a residential school, but escaped at age seven and never returned. He spoke fluent Cree, and could read but not write. He was a keen learner who developed an uncanny photographic memory, and applied these skills to navigate life. As a teenager, he was hired as a Cree interpreter for the Royal Canadian Mounted Police during treaty negotiations in northern Canada. At age 18, he joined the Canadian Army and served in the Korean War, where he was wounded.

He applied the mechanical skills learned in the military and became a heavy-equipment operator at the Cassiar asbestos mine, where he met

a geologist who sparked his interest in rocks and minerals. He began prospecting in the Yukon, and sold his first claims to Johns Manville Co., then the world’s largest asbestos producer. He discovered tungsten in the Pelly Mountains and formed an enduring friendship and partnership with Al Kulan (2005 CMHF inductee).

In 1967, Risby and Indigenous prospector Art John staked a copperlead-zinc-tungsten discovery near Godlin Lake, in Canada’s Northwest Territories. The discovery sparked a staking rush and the formation of Welcome North Mines, which he co-founded with Kulan, John Brock and Irene Wilson. As chief prospector and director for a decade, Risby found over 80 prospects that were optioned to major companies. Due to his upbringing among the Alberta Cree, Risby was an advocate for inclusion in the industry. He spent several years teaching prospecting and mineral identification courses to Indigenous students and was one of the first to hire women for exploration programs. In 1981, he left Welcome North to prospect the vast Indian River Valley south of Dawson. He was the first to seriously evaluate the placer gold potential of the area and soon saw potential for a larger scale mine than most “momand-pop” operations of that time. He faced challenges, but persevered and ultimately developed, owned and operated the Indian River placer mine. Government reports of the time described it as a “leading gold producer” that “contributed significantly to the economy of the Yukon.”

The project attracted international attention, as did Risby, who joined an International mining delegation to China in 1995. He was inducted into the Yukon Prospectors Hall of Fame and named Mr. Miner in 1996, for his technical achievements, economic contributions and as a trailblazing advocate of diversity and Indigenous inclusion in Canada’s minerals industry. TNM

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Neal “the deal” Froneman is having a helluva year

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eal Froneman seems laid-back but he’s a man in a hurry. The CEO of SibanyeStillwater, the largest primary producer of platinum, second-largest primary producer of palladium and a top-tier gold producer, is driving the precious metals giant into the green energy metal space at a pace that makes your head spin.

The South African mechanical engineer has

BY TRISH SAYWELL orchestrated four major acquisitions of cobalt, copper, lithium and nickel assets so far this year — the latest an eye-watering US$1 billion deal to buy the Santa Rita nickel mine and the Serrote copper mine in Brazil from Appian Capital (see story on page 1).

Santa Rita is one of the largest nickel-cobalt sulphide open pit mines in the world and Serrote is a producing open pit copper mine.

The deal with Appian Capital unveiled on October 26 follows Sibanye’s US$490 million investment in mid-September for a 50% stake in the Rhyolite Ridge lithium-boron project in Nevada; a transaction in July to buy 100% of the Sandouville nickel hydrometallurgical processing facility in Normandy, France for €65 million (US$76 million); and its February investment of €40 million (US$47 million) in the Keliber lithium project in Finland.

The Rhyolite Ridge project it owns with joint-venture partner ioneer Ltd., is one of the first large-scale lithium projects in the United States, and is expected to move into production in the second half of 2024. The Sandouville facility, which includes a hydrometallurgical nickel refinery, has a production capacity of 12,000 tonnes per year of high-purity metal, 4,000 tonnes per year of high-purity nickel salts and solutions and around 600 tonnes a year of cobalt chloride. The Keliber project in Finland, is expected to start producing about 15,000 tonnes of battery grade lithium hydroxide a year over a mine life of about thirteen years. (The project includes the development of a chemical plant in Kokkola, 50 km from where the mine will be built.)

Froneman explained the thinking behind the string of acquisitions and the company’s green energy metals strategy on a recent webcast. Introducing himself as the company’s CEO but noting he preferred to be known as the ‘Chief Enabling Officer,’ Froneman emphasized the importance of developing “a climate change resilient” business. “Core to our strategy is embedding ESG excellence as the way we do business and that’s evolved into a sustainability strategy and coming out of that sustainability strategy is really the strategic focus area of building an operating portfolio of green metals and related technologies,” Froneman said.

At the same time, the CEO emphasized that the pivot towards battery metals was not a reflection of Sibanye’s view on PGMs. “There’s no doubt there’s strong demand for both battery metals and PGMs and again, I’m going to say it a few times, please do not read our entry into battery metals as having lost confidence in PGMs,” he said, adding that Sibanye sees very little change in PGM demand out until at least 2030.

What he does see is “significant penetration rates” by battery electric vehicles (BEVs), and fuel cell EVs becoming more of the demand post-2030.

“We believe most assumptions on BEV penetration rates are understated and that will become evident when you look at the deficits in the metals that are required to achieve that. So we remain very confident in our very substantial PGM business, but we’re building a value proposition in getting exposure to the battery metals as well.”

Turning to the latest acquisitions, Froneman noted that the upfront cash payment of US$1 billion includes debt and the life of mine 5% NSR royalty is only expected to be payable if and when underground production begins at Santa Rita.

Describing Santa Rita as a “top ten nickel sulphide asset,” Froneman noted that it is in the first quartile cost production with a seven-year mine life, with potentially 27 years of underground extensions. Serrote is also in the lower quartile of cost producers, has a 13-year mine life and also has potential for mine life extensions. In addition, 85% of the energy at Santa Rita is hydro-powered, and both assets enjoy “first quartile carbon emissions.”

Looking at value creation, he said, while everyone knows what Appian paid for Santa Rita and what it spent on the asset, the sum, in his view, is unimportant. (Appian acquired Atlantic Nickel, the owner of Santa Rita, out of bankruptcy in 2018 for US$68 million, and spent US$50 million redesigning the mine and restarting operations in 2020.) “To me that’s irrelevant,” Froneman said. “What’s relevant is, what is the value of these assets in our hands, and I can assure you on conservative commodity price assumptions they more than meet our hurdle rate.”

“It’s an attractive entry point in the commodity cycle,” he continued. “We may think that copper and nickel prices are relatively high, as I’ve shown you we are working towards very substantial deficits and I suspect it will be difficult to bring on supply to offset these deficits, so we expect a positive price reaction. Both assets will contribute very substantially to free cash flow at current commodity prices, so they are value accretive from day one.”

In terms of upside, the mining executive pointed to the underground extension at Santa Rita, which once the company has done the engineering and “as long as it stacks up,” will extend the mine life by nearly three decades. In addition, there’s resource potential and regional exploration opportunities at both assets, and at Serrote, further debottlenecking in the system and at the plant can be made.

“Just to reinforce the fact that these were acquired at an attractive entry point from a value point of view,” he said, “we’ve looked at multiples, enterprise value based on 2022 EBITDA multiples as an example, you can see the acquisition multiple is well below nickel peers, it’s below the copper peers as well. If you look at P/NAV multiples, again, the acquisition multiple is well below some recent acquisitions and peer comparisons.”

Concluded Froneman: “We are absolutely elated with the fact that we have been able to acquire these assets that exceed our hurdle rate in terms of our measurements, but when we stack them up against the market peers, we are also very happy with our acquisition.” TNM

DEPARTMENTS

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

COLUMN

| China analysts remain in the dark

BY DR. CHRIS HINDE Special to The Northern Miner

M

iners are almost blind to demand trends in the largest consumer of metals and minerals.

I don’t know how many Northern Miner readers celebrated October 23 as Mole Day. For those that didn’t, it was not in honour of the near-blind Talpidae mammal, and nor was it a celebration of a breakwater, a spy, a hot Mexican sauce, or a benign tumour.

What was celebrated on October 23, between 6.02 a.m. and 6.02 p.m., was one of the most important units in chemistry. The Avogadro constant is the number of constituent particles, typically atoms or molecules, which are contained per mole of a substance; 6.02 x 1023 (which also approximates to the number of nucleons in one gramme of ordinary matter). This relationship was discovered by Amedeo Avogadro (1776-1856), and Mole Day was founded in 1991 to foster interest in chemistry; the date and time being derived from Avogadro’s constant.

Not being a chemist, what Mole Day always brings to mind is a creature with an inability to detect colour; seeing just movement and shades of grey. It seems an appropriate description of the information coming from Beijing.

Things might improve, however, as we are about to hear from China’s Central Committee, which is the largest of the ruling Communist Party’s decision-making bodies.

The Committee is elected every five years by the National Congress, and the current Committee (the 19th) was elected in 2017. Its sixth plenum session, which will focus on Party history and achievements, will take place on November 8-11.

The Committee’s plenary sessions have occurred almost annually since China settled down following the death of Mao Zedong (1893-1976).

Some 200 members spend a few days in secret discussions before the key outcomes are released.

This meeting is particularly important because it is the last fullscale party gathering before next year’s National Congress. At that meeting, Xi Jinping will be seeking a third term as the party’s General Secretary and President of the People’s Republic (his two predecessors both served only two terms).

China analysts will be looking at the tone of the meeting, rather than the content (which will include declarations on climate change and economic development). The Central Committee will give the impression that everything is under control but outsiders will be hoping for clarity concerning the recent crackdown on some of the country’s hi-tech companies and best known entrepreneurs.

Of particular importance to miners will be economic growth in Zhongguo (the Chinese name for

China). The term, which means Middle Kingdom, dates from 3,000 years ago when it described the Chou Empire centred on the Yellow River. The Chou people, unaware of civilisations in the West, believed their empire occupied the middle of the earth, surrounded by barbarians.

Nowadays it refers to all territories claimed by the People’s Republic of China, including mainland China, Hong Kong, Macau and Taiwan.

China’s economic growth in the September quarter slowed to 4.9% year on year, which was slightly below expectations, compared with 7.9% in the second quarter. This was the slowest pace since last year’s third quarter, and contrasted with the 18.3% jump in the first quarter.

By sectors, the first three quarters saw a year-on-year growth of 7.4% in the added value of the primary sector, growth of 10.6% in secondary industry and growth of 9.5% in the tertiary sector. Industrial production in the first three quarters included a 20.1% growth in hi-tech manufacturing, and a 172.5% surge in the production of ‘new-energy’ automobiles (plug-in electric vehicles eligible for public subsidies).

Worryingly, industrial production growth in September slumped to 3.1% year on year, which was the slowest growth since March 2020.

Interestingly, rather than monitoring industrial production, the Premier of China’s State Council, Li Keqiang, is reported to prefer using a range of indirect indicators of economic activity. In response, The Economist created the Li Keqiang Index (which measures railway freight traffic, electricity consumption and bank loans) to provide a better picture of China’s economy than official GDP statistics.

The index has fallen for most of this year, dropping from almost 18 in February to below 11 in August, having soared for much of last year (from a low of 2.1 in April 2020).

The index was in a relatively steady range between 7.5 and 12.5 for the previous three years.

When he opened the 130th Canton Trade Fair, which took place in Guangzhou between October 15 and November 3, Premier Li said China has “adequate tools” to tackle the economic challenges facing the country, including the nation’s current power crisis and high commodity prices. He added that although economic growth has slowed in the third quarter, the government is confident China could meet this year’s growth target of above 6%.

So, are you comforted by prospects for the Chinese economy and short-term metals consumption? It is a hard call as, mole-like, we see only shades of grey from Beijing. 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. . . . . . . . . . . . . . . . . . . . . . . .7 Amex Exploration . . . . . . . . . . . . . . . . . . . . . 12,13 Appian Capital . . . . . . . . . . . . . . . . . . . . . . . . . . 1,5 B2Gold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Barrick Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,5 Bear Creek Mining . . . . . . . . . . . . . . . . . . . . . . . .5 BHP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 Bonterra Resources . . . . . . . . . . . . . . . . . . . . . . .13 Calibre Mining . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Doré Copper Mining . . . . . . . . . . . . . . . . . . . . .13 DRDGold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 Falco Resources . . . . . . . . . . . . . . . . . . . . . . . 13,14 Fiore Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Glencore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 Globex Mining Enterprises . . . . . . . . . . . . . . . . .7 ioneer Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 Kirkland Lake Gold . . . . . . . . . . . . . . . . . . . . . . 7,9

Maple Gold Mines . . . . . . . . . . . . . . . . . . . . . . 7,11 Midland Exploration . . . . . . . . . . . . . . . . . . . 14,15 Monarch Mining . . . . . . . . . . . . . . . . . . . . . . . 9,11 New Century Resources . . . . . . . . . . . . . . . . . . . .5 Newmont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 Noront Resources . . . . . . . . . . . . . . . . . . . . . . . .10 Orezone Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Orford Mining . . . . . . . . . . . . . . . . . . . . . . . . . . .10 Osisko Mining . . . . . . . . . . . . . . . . . . . . . . . . 15,16 Probe Metals . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 Rio Tinto . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 Sibanye-Stillwater . . . . . . . . . . . . . . . . . . . . . . . 1,5 Troilus Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 Wallbridge Mining. . . . . . . . . . . . . . . . . . . . . . 9,10 West African Resources . . . . . . . . . . . . . . . . . . . .6 Yamana Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,9

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 8—21, 2021

5

President Pedro Castillo supports Bear Creek Mining’s Corani project PERU

S

BY TRISH SAYWELL

hares of Bear Creek Mining (TSXV: BCM; US-OTC: BCEKF) surged on news that Peru’s new president, Pedro Castillo, and representatives of local communities, support the Corani silver-lead-zinc project.

During a meeting at the presidential palace on Oct. 15, representatives from towns and villages in the Corani district “formally and unequivocally expressed their support for Bear Creek Mining’s development, construction and operation of the Corani silver project,” the company said.

BARRICK From 1

the mine, and we recognized we had to go underground. We set out to recut the underground mining plan, bring in more modern mining longhole stoping, and try and bulk up the mining sections because it was always mined under a very old-fashioned mining style.

“We’ve got some work to do in Hemlo, to continue to re-establish a new mining practice. The positive is that we have continued with our exploration efforts during this time.

So we have identified more resources and significantly more potential along the extensions, both east and west of the mining complex, in areas surrounding the mined-out area.

“We’ve got to get through the next 18 months to two years, manage the transition to a new mining philosophy, the sort of plan that we were expecting to implement in 2020 already but couldn’t because of Covid,” he says.

“I’ve always built value for our stakeholders through discovery and development. So, Canada still offers some exciting prospectivity because it is very miner friendly. And what we bring into Canada is a very clear commitment to explore,” says Bristow.

“At the same time, we’ve been very interested and focused on some of the single asset and multi-asset mergers and acquisitions opportunities in Canada. But again, finding value and those types of opportunities at this upper end of the gold market is always difficult. So, we are participating in those discussions as they come along. And if we find something, we will engage, as we’ve done in the past.

We’re not scared of having a crack at getting an opportunity that will deliver value.”

Bristow says he is steering Barrick back to its exploration and development roots. In Barrick’s ‘teenage years,’ it was a very successful explorer that made some very notable discoveries in Canada and elsewhere. “Right now, we’ve really just disposed of all our non-core assets. We’re moving into a period of tapping increased value from our existing portfolio,” he says.

For example, Barrick uses the 50-50 Veladero joint venture with Shandong Gold in Argentina as a “more strategic bulkhead into that part of South America.” According to Bristow, Veladero alone does not necessarily fit all the criteria of a Tier 1 asset, but it’s in what management sees as a good address in a part of the world that produces vast deposits, both gold and gold-copper.

And it is here at the neighbouring multi-billion-dollar Pascua-Lama copper-gold project straddling the Argentina-Chile border that Barrick had run into development roadblocks.

The closure of the Chilean side of the Pascua Lama project related to the exploitation permit. “There were no ways that Barrick was going to con-

| One of the largest fully permitted silver-polymetallic deposits in the world “President Castillo in turn welcomed their statement of support, declared that, “investment with responsible companies” is welcome in Peru, and committed to the delegation that he and the Peruvian government will support development of the Corani project in order to bring the project to fruition, stating he ‘will take Corani as an example for future investment desires.’”

The delegation was led by the mayor of the town of Corani, Edmundo Cáceres Guerra, who stated that “‘the entire people of the province of Carabaya, of approximately 10,000 families, will be happy because a better future awaits

them,’” the company reported.

Bear Creek’s wholly owned Corani deposit in southern Peru is one of the largest fully permitted silverpolymetallic deposits in the world.

“Shares of Bear Creek have been under pressure since political uncertainty in Peru emerged earlier this year,” Ryan Thompson, a mining analyst who covers the company at BMO Capital Markets, commented in a research note to clients. “This morning’s announcement should help to allay some investor concerns, and we expect the stock will likely react positively to this news. Securing financing is clearly the next major hurdle for

tinue with the permitted plan. From my viewpoint, the project had many challenges. When I arrived in 2019, my focus was on finding a constructive solution with the host country, as I’ve done in Papua New Guinea and the Porgera project, and in Tanzania with the Twiga Joint Venture with the Tanzania government.

“This was a project that definitely was mispositioned or misaligned in its development strategy. And so we agreed with the authorities to put that permit to bed. But at the same time, we’d continue to evaluate it because I believe that we need to know and be able to share with our shareholders the value of this asset. At the same time, we owe it to the Chilean authorities to share with them what we think the value of that asset is,” says Bristow.

To date, Barrick had invested billions of dollars in establishing infrastructure and a processing facility, which is nearly complete, on the Argentinian side of the Pascua-Lama project. However, it had never finished evaluating all the prospective targets on the Argentinian side either, because the intention was to start production on the Chilean side.

Bristow says the company is increasingly looking at extracting more synergies between neighbouring Veladero and Pascua. “My view is, let’s look at the whole package. And we know that if you put the infrastructure at Veladero with Pascua-Lama and that significant investment, you have a gold processing facility that can process just about any type of gold and copper ore. And so we’ve set ourselves a deadline of 2024 to complete the total evaluation of the prospective resource inventory, both within the Veladero Joint Venture and then the Lama project as well at the Pascua project. When we’ve done that, we’ll be able to decide, can we create one big complex, put it all together Pascua-Lama and Veladero, or maybe just an Argentinian focused opportunity,” says Bristow.

However, drilling efforts at Pascua continue on the Chilean side too. Despite some project detractors expressing opposition, Bristow said the Chilean courts recently sided with Barrick and allowed it to undertake more resource confirmation drilling on the Chilean side.

“I built my whole career on the ‘licence to operate’ concept because, in sub-Saharan Africa, your license to operate is more valuable and meaningful than even the legal licenses in that region. When you look at what we’ve been able to achieve in the last two and a half years, we’ve put a lot of effort and energy into building that social licence, recognizing our various stakeholders who are as important as our shareholders. And we built a strong partnership with the Argentinian authorities,” says Bristow.

“As you’ve seen, I’ve walked back a situation in Papua New Guinea where we’ve re-established strong

relationships with the current government. And we’ve also re-established Barrick’s footprint in Tanzania very effectively. I’ve been focused on repositioning Barrick as a go-to global gold-copper company,” says Bristow.

Another challenge is permitting a new tailings management facility for the Pueblo Viejo mine in the Dominican Republic, a joint venture between Barrick (60%) and Newmont (NYSE: NEM) (40%).

If the permit does not come through soon, Barrick would be forced to stop mining this year and deal with a declining production profile from the asset through 2027. However, Bristow is pushing through with a pre-emptive expansion of the mill as it works with the government in good faith that the operation will be allowed to continue.

Barrick recently provided a global guidance update, saying it remained on track to achieve full-year 2021 production guidance of 4.4 to 4.7 million oz. gold, with all regions, except for North America, trending at the higher end of their regional guidance. Barrick singled out Hemlo and Turquoise Ridge mine in Nevada as potentially being on track to miss guidance.

Bristow says the Turquoise Ridge operation had some challenges this year, including a mill ring failure on one of the significant modules of the Goldstrike roaster. “We’ve had to stop and slow down the throughput and repair it, which we’ve done now — it’s back on track. However, we were able to effectively manage that by stockpiling high-grade ore and processing some of the more challenging ore because we had a slower throughput, so we could have more residence time in the roaster. Now we’ve got them all up and running, we can process, and we’ll recoup that gold from Turquoise Ridge.”

Bristow says Turquoise Ridge is one asset that epitomizes the Tier 1 philosophy the company is looking for. “It’s a huge asset, but it’s also been somewhat of a lazy asset in the hands of Barrick because previously, it used the Newmont processing facilities. And of course, Newmont always preferred its feed to the Barrick feed in the partnership.

“However, once we did the deal and merged the Barrick and Newmont assets, of course, we took that fence away. We’ve exposed the bottlenecks in the Turquoise Ridge underground mine, which is a very low-cost producer, and it’s got a significant upside potential,” says Bristow.

Development of a third shaft closer to the orebody is underway. “But that only gets commissioned next year, and at the same time, we’ve been running trials with big electric trucks underground and ironing out the snarls.

“These pioneering projects provide us with some challenging situations but are necessary as we work alongside our technology partner Sandvik,” says Bristow. TNM

Bear Creek, and expressions of support from both the community and President Castillo should help to provide comfort to potential investors.”

The project has been granted all key permits including an approved environmental and social impact assessment (ESIA), construction permits and accreditation of water availability. It was also the first industrial project in Peru to undergo the state-run Consulta Previa process for which it received 100% community support, the company says.

Bear Creek’s president and CEO, Anthony Hawkshaw, said in a news release that the company is “very appreciative” of the support from the leaders and residents of communities surrounding the project, and to Peru’s president, and is “honoured by his recognition that Bear Creek and the Corani project exemplify the ideals of responsible mining and social benefit.”

Bear Creek began exploration activities at the Corani property in 2005, initially under the terms of an option agreement with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and since 2011, as sole owners.

A feasibility study in 2019 estimated a mine life of 15 years with average production over the mine life of 9.6 million oz. silver per year. The study forecast an after-tax net present value at a 5% discount rate of $531 million and a post-tax internal rate of return of 22.9%. The study used a silver price of US$18 per oz., 95¢ lead and $1.10 per lb zinc.

Capex to build the mine was esti-

mated at $579 million with a payback period of 2.4 years.

Corani has proven and probable reserves of 139.1 million tonnes grading 50.3 grams silver per tonne, 0.90% lead, and 0.59% zinc for 225 million oz. silver, 2.75 billion lb lead and 1.81 billion lb zinc.

In addition to the reserves, Corani has measured and indicated resources of 96.7 million tonnes grading 27.9 grams silver per tonne, 0.38% lead and 0.26% zinc for contained metal of 87 million oz. silver, 812 million lb lead and 550 million lb zinc. Inferred resources measure 39.9 million tonnes grading 37.2 grams silver per tonne, 0.58% lead and 0.40% zinc, for 48 million oz. silver, 511 million lb lead and 352 million lb zinc.

The Corani deposit, in the department of Puno, sits at an elevation of between 4,800 and 5,200 meters above sea level, on the eastern side of the continental divide in the Andes mountains. The project consists of thirteen mineral concessions that form a contiguous block of ground covering about 5,500 hectares. The project is accessible by road from the town of Macusani, located about 30 km east of the property on the paved dual lane Interoceanic Highway. Macusani is accessible from the town of Juliaca, serviced by commercial airlines from Lima.

Shares of Bear Creek Mining jumped 28% or 37¢ to $1.71 on the news. Over the last year, the company has traded in a range of 92¢ and $3.37 per share. Bear Creek has a market cap of about $209 million. TNM

Appian Capital’s Santa Rita open pit mine in Brazil. APPIAN CAPITAL

SIBANYE-STILLWATER From 1

gering a bidding battle that included unnamed large miners as well as two carmakers.

“They were actually bidding, which was fascinating. I think that is a story in itself,” Michael Scherb, Appian’s founder and CEO, told the Financial Times. “It shows upstream security of supply is a major concern for industrial players.”

Nickel’s usage has grown over the past two years in lithium-ion batteries and the accelerated roll-out of electric vehicles is making certain types of the metal popular among investors as it can be processed into battery precursor materials. The more traditional use of nickel is in the processing of stainless steel for kitchen appliances and utensils.

Analysts expect shortages of copper, cobalt, nickel and other industrial materials needed for the shift to a low carbon world, partly due to underinvestment in the mining sector and accelerating demand.

One day after Sibanye-Stillwater announced its US$1 billion deal with Appian, it unveiled a second significant transaction — a US$46 million investment for a 19.99% stake in Australia’s New Century Resources (ASX: NCZ), which owns the Century zinc tailings retreatment plant in Queensland.

The company says the deal, which is expected to close by December, enhances its capacity of playing a role in future supply chains for a sustainable circular economy.

“This investment in New Century represents a significant next step in our strategy of building a leading global tailings retreatment business, diversified by commodity and geography,” Froneman said in a media statement.

The mining executive said the move complements Sibanye’s existing investment in South African gold tailings retreatment company DRDGold (NYSE:DRD; JSE: DRD).

The Century zinc operations were placed on care and maintenance in 2016, following depletion of the original open pit reserves after producing and processing on average 475,000 tonnes per year of zinc and 50,000 tonnes per year of lead concentrate for 16 years.

New Century converted existing processing infrastructure to enable the re-processing of legacy tailings waste dumps. The update was completed in August 2018 and the operations have been re-processing tailings since then.

The Century zinc mine is expected to run out of ore in 2027, with indicated and inferred resources holding an opportunity to extend operations beyond 2030. TNM

6

WWW.NORTHERNMINER.COM

NOVEMBER 8—21, 2021 / THE NORTHERN MINER

Calibre Mining to acquire Fiore Gold M&A

I

BY DANIEL SEKULICH

n another sign that it’s not just large mining companies looking at M&A deals, Calibre Mining (TSX: CXB; US-OTC: CXBMF) is buying fellow Canadian miner Fiore Gold (TSXV: F; US-OTC: FIOGF) in a deal it says will create a diversified Americas-focused mid-tier gold producer.

Under the deal, Fiore’s shareholders will receive 10¢ in cash and 0.994 of a Calibre common share for each Fiore share they own, for an implied price of $1.80 per Fiore common share, and a 36% premium based on the 20-day volume-weighted average trading price of both companies.

If the deal is finalized, existing shareholders of Calibre would own about 78% of the combined company, and Fiore shareholders would own about 22%. B2Gold (TSX: BTO; NYSE-AM: BTG) would also have minority ownership, as it holds approximately 37% of Calibre’s outstanding common shares.

Fiore owns the producing Pan open-pit heap leach gold mine in Nevada, 28 km southeast of the town of Eureka, on the Battle MountainEureka gold trend, and the adjacent, fully permitted Gold Rock project.

Fiore also owns the past-producing Illipah gold project, also in Nevada’s Battle Mountain-Eureka trend. In addition, Fiore owns the Golden Eagle project, about 5 km north of the town of Republic in Washington state’s Republic-Eureka mining district.

The Fiore assets would be added to Calibre’s portfolio, which includes the Limon and Libertad gold mines in Nicaragua and the Pavon gold

| Deal would create mid-tier gold producer with focus on the Americas

“THE ADDITION OF A TOP-TIER, LOW-RISK MINING JURISDICTION IN NEVADA CREATES A LOWER RISK PROFILE WITH GREATER ASSET AND COUNTRY DIVERSIFICATION.” BLAYNE JOHNSON CHAIRMAN, CALIBRE MINING

project, also located in that country.

Calibre acquired the two mines from B2Gold in 2019.

The deal would see the new combined company producing about 245,000 oz. gold per year at an all-in sustaining cost of US$1,020 per ounce.

The total would include about 50,000 oz. a year from Fiore’s Pan mine.

Calibre’s chairman, Blayne Johnson, believes the deal with Fiore is just the type of diversified, value-added growth the company has planned since it acquired its Nicaraguan assets from B2Gold.

“The addition of a top-tier, low-risk mining jurisdiction in Nevada creates a lower risk profile with greater asset and country diversification,” he said in a press release. “This transaction unlocks value for both Calibre and Fiore shareholders and further demonstrates Calibre’s commitment to building a quality diversified midtier gold producer.”

According to Fiore’s CEO, Tim Warman, there is “a great deal of

Blasthole drilling and sampling at the North pit of Fiore’s Pan gold mine in Nevada. FIORE GOLD

common ground” between the two companies. “In the past few years, we have both overseen the successful ramp-up of our respective assets through solid operating discipline and ESG focus,” he said in a news release.

Warman also said that Calibre and Fiore have a “shared culture of operating and fiscal integrity that creates an excellent fit” and that the

deal will give his company’s existing shareholders exposure to a considerably larger and more diverse production profile.

In a research note commenting on the deal, Farooq Hamed of Raymond James described the acquisition as pricey but said it improves the company’s risk and production profile and adds free cash flow and cash. “Overall, we see the Fiore acquisition as a good first step in a broader roll-up strategy for Calibre as it diversifies political risk while adding a producing asset that generates free cash flow, adding net cash and a pipeline of development options.”

“With development assets including Fiore’s Gold Rock project and Calibre’s Eastern Borosi project, we believe the combined company could push towards annual production of 300,000 oz. in the 2025 timeframe,” Hamed added. The analyst also noted that a preliminary economic assessment of Gold Rock completed last year estimated the asset could produce about 52,000 oz. gold annually over a seven-year mine life. The earlystage study estimated initial capex of about $64 million. Gold Rock “provides Calibre with a mid-term, low capex development option,” Hamed continued. “The project is currently undergoing further drilling and is progressing to feasibility stage, with potential for initial production in 2024/2025.”

BMO Capital Markets analyst Brian Quast views the deal positively, saying it pulls all the right levers. In a research note, Quast said acquiring Fiore improves diversification of Calibre’s asset base, while growing the production profile and develop-

ment pipeline. He expects that with the increase in gold production coming from the three operating mines, the larger combined company is expected to attract investors, which could result in the company’s valuation expanding.

With the acquisition, Calibre “expects its near-term production profile to increase to 245,000 oz. per annum at a ~$1,000 per oz. AISC,” he wrote. “This represents a 40% increase in production from the base of 2021 guidance, at a relatively flat AISC/ounce. … We expect Calibre’s debt-free balance sheet and ongoing free cash flow generation to support the development of its bolstered growth pipeline.”

Quast expects the deal to go ahead as written, though he points out that the transaction still requires the approval of at least 66 2/3% of the votes cast by Fiore’s shareholders, a majority of votes to be cast by Calibre’s shareholders, as well as the approval of the Supreme Court of British Columbia. The boards of both companies have already unanimously approved the acquisition, and are recommending that their shareholders vote in favour of the agreement. Shareholder meetings and closing of the transaction are expected in January 2022.

At presstime, Calibre was trading at $1.49 within a 52-week range of $1.26 to $2.80. The company has 339 million common shares outstanding for a market cap of about $506 million. Fiore was trading at $1.50 per share within a 52-week range of 95¢ and $1.65. Fiore has about 101 million common shares outstanding for a market cap of $151 million. TNM

B2Gold to sell Burkina Faso project to West African Resources GOLD

B

BY TRISH SAYWELL

2Gold (TSX: BTO; NYSE-AM: BTG) is selling its 81% stake in the Kiaka gold project in Burkina Faso to Australia’s West African Resources (ASX: WAF) for cash and shares.

Kiaka is 48 km south of West African Resources’ Sanbrado gold mine, which poured its first gold in March 2020. The project, about 110 km southeast of the capital of Ouagadougou, is also about 50 km south of Orezone Gold’s (TSXV: ORE) Bombore gold project.

“West Africa continues to be a hot bed of M&A,” Craig Stanley of Raymond James commented in a research note. “In less than three years, we count eight producers/mines and ten pre-production companies/projects that have been acquired in the region.”

Under the sales agreement for Kiaka, B2Gold will receive US$450,000 in cash, and once the transaction closes, a further US$45 million — 50% in cash and 50% in shares of West African Resources.

Another US$45 million will be due in cash or shares on either the commencement of project construction or the completion of a feasibility study.

In addition, a 2.7% net smelter return (NSR) royalty will be due on the first 2.5 million oz. gold produced from Kiaka, and a 0.45% NSR on the next 1.5 million ounces produced.

The company has also completed

| Region ‘continues to be a hotbed of M&A’

an amended purchase agreement with West African Resources for its 90% stake in the Toega project, also in Burkina Faso, and about 14 km west of the Sanbrado mine.

In that deal, B2Gold will receive US$18 million (it has already received US$9 million of that sum), and a 2.7% NSR on the first 1.5 million oz. gold produced at Toega until it has received US$22.5 million. After that, B2Gold will receive a 0.45% NSR interest on the project. (B2Gold reached an agreement to sell Toega in the second quarter of last year.)

In an interview, Clive Johnson, B2Gold’s president and CEO, noted that West African Resources, which has a solid reputation of operating in Burkina Faso, was in a good position to develop the Kiaka project, and that B2Gold would retain an interest in the company.

“For West African Resources there are some synergies that they’ve got and they’ve got a good track record of success,” Johnson said in a call from Vancouver. “I think Kiaka was for us, with the kind of size and mines we build these days, we thought it would be better developed by a company that had synergies.”

The sale, he said, would also allow B2Gold to focus on its other exploration and development opportunities like its Gramalote project in Colombia and growing its Fekola mine in Mali.

“It wasn’t a reflection of what we

Field crew at B2Gold’s Kiaka project in Burkina Faso. B2GOLD

think of Burkina Faso, it was just a decision based on what we’re doing in Mali, looking at Fekola, and we think it’s going to continue to get bigger ... and the opportunity in Colombia with Gramalote,” he said. “We’re going to get going on that one [Gramalote] ... it could be developed quite quickly and we could make a decision next year. And we’re spending a lot of money on other interesting projects and Kiaka is just, it didn’t meet all of our development criteria. So this is an opportunity to keep an interest in the project and see it advance, and become a shareholder.”

Kiaka contains indicated resources of 200.4 million tonnes grading 0.84 gram gold per tonne for 5.38 million oz. contained gold and inferred resources of 57.1 million tonnes grading 0.69 gram gold per tonne for 1.26 million ounces. The December 2020 resource estimate used a cut-off grade of 0.35 gram gold per tonne and a gold price of US$1,800 per ounce.

The project is situated on a 5,402-hectare exploitation licence issued in July 2016. The initial licence included a condition that mine construction was to be completed by July 2018. An initial two-year suspension

of the condition was approved in June 2018. The company applied for a second two-year suspension, but the Minister of Mines rejected the application. Kiaka now has until July 2022 to start construction.

In a research note, BMO mining analyst Brian Quast estimates that B2Gold’s cash balance “will grow to more than US$600 million by FYE 2021,” which he expects will “support ongoing strong capital returns and provide ample liquidity to pursue growth.”

“We expect B2Gold to continue its strong track record of returning capital to shareholders; however, we will be looking for commentary from management regarding how it plans to use its excess liquidity.”

As for Kiaka, Quast said he “previously ascribed a US$120 million value to Kiaka on an in-situ basis. We value the royalty at US$62 million; however, we think the asset could fetch a higher price if sold while the gold price is above our current estimates, possibly to a royalty company that is looking to grow their own portfolio.

Overall, we value the Kiaka sale as being value neutral.”

B2Gold has exploration and development projects in Mali, Colombia, Finland, Uzbekistan, Namibia and the Philippines. Its producing mines are in Mali, Namibia and the Philippines.

At presstime in Toronto B2Gold was trading at $5.44 per share within a 52-week range of $4.21 and $9.23. TNM

SPECIAL FOCUS

MINING IN

QUEBEC

ISTOCK/MICHEL GUENETTE

Maple Gold moves the needle at Douay and Joutel in Quebec SITE VISIT

| Junior says it’s beginning to see ‘exploration momentum’

BY HENRY LAZENBY

M

AMOS, QUEBEC

aple Gold Mines (TSXV: MGM; US-OTC: MGMLF) is building exploration momentum at its flagship Douay and Joutel projects in Quebec’s Abitibi gold belt, where it is working with Agnico Eagle Mines (TSX: AEM; NYSE: AEM) in a 50-50 joint venture to jointly unlock their regional potential.

On February 2, Maple Gold Mines and Agnico Eagle signed a joint venture agreement under which the parties formed a 50-50 partnership that incorporates Maple Gold’s Douay gold project and Agnico’s Joutel gold project into a consolidated property package. The Douay and Joutel projects, the latter hosting Agnico’s past-producing Eagle, Eagle West and Telbel mines, are contiguous properties located in the James Bay subregion of northern Quebec.

Maple Gold also has an option with Globex Mining Enterprises (TSX: GMX) to acquire a 100% interest in the Eagle mine property next to Joutel, which holds significant exploration upside, and is not currently part of the joint-venture agreement.

“The goal is to create a new sustainable gold producer in an area of embarrassing riches,” CEO Matthew Hornor tells The Northern Miner on a recent sponsored site visit, adding that mergers and acquisitions activity in the Abitibi has exceeded $25 billion since 2013. “As was the case with the historical and currently producing gold mines along the Abitibi, things get bigger and higher grade at depth in the region. We hope to demonstrate the same feature at our projects.”

The Abitibi gold belt that spans from eastern Ontario into western Quebec has been responsible for producing more than 250 million ounces of gold. The geological feature hosts some of Canada’s largest mines, including the 662,918 oz. per year Canadian Malartic open pit mine jointly owned by Agnico Eagle and Yamana Gold ( TSX: YRI; NYSE: AUY; LSE: AUY) and Kirkland Lake Gold’s (TSX: KL; NYSE: KL; ASX: KLA) 601,566 oz. per year Detour Lake mine.

Maple Gold has made good progress on its flagship Douay project, completing a resource update in 2019. The work established a resource base of 8.6 million indicated tonnes grading 1.52 grams gold per tonne for 422,000 oz., and an inferred resource of 71.2 million tonnes at 1.03 grams gold per tonne for 2.35 million ounces.

On a 100% basis, the attributable in-situ gold resource at Douay is about 2.77 million oz. gold.

The work after the resource milestone has been focused on resource expansion and discovery potential across the 357 sq. km land package that remains virtually royalty-free, aside from the 2% net smelter return royalty Maple Gold retained when signing the deal with Agnico.

The company is already comparing the mineralized footprint beyond the pit-constrained resource model

Maple Gold Mines’ president and CEO, Matthew Hornor, at the company’s flagship Douay project in the Abitibi gold belt of Quebec. THE NORTHERN MINER/HENRY LAZENBY

“WHILE THE PROJECT HAS BEEN AROUND FOR ABOUT 45 YEARS, FIVE OUT OF TEN OF THE TOP INTERCEPTS WERE PRODUCED

BY MAPLE GOLD SINCE 2018.”

Maple Gold Mines’ senior geological technician Pavel Golovkin at drill hole DO-21-282X, which returned 132 metres of 1.58 grams gold per tonne, a top five grade-thickness intercept encountered at Douay.

THE NORTHERN MINER/HENRY LAZENBY

to some of Canada’s largest mines, including Canadian Malartic and Detour Lake.

“We are starting to see exploration momentum at Douay,” Hornor said.

“While the project has been around for about 45 years, five out of ten of the top intercepts were produced by Maple Gold since 2018.”

Significantly, earlier in October, Maple Gold reported assays from the final nine holes completed during the 10,217-metre winter drill campaign at Douay.

Drill hole DO-21-295 intersected 334 grams gold per tonne over 1 metre from 57 metres downhole within the western portion of the Porphyry

zone, representing one of the highestgrade intercepts ever encountered at Douay. The hole also intersected 72.7 grams gold per tonne over 0.7 metre from 358 metres downhole, beyond the northern extent of the 2019 NI 43-101 resource estimate Porphyry zone conceptual pit.

At Douay’s Main zone, DO-21-304

MATTHEW HORNOR PRESIDENT AND CEO, MAPLE GOLD MINES

intersected 1.5 grams gold per tonne over 15 metres (from 428 metres downhole), one of the better sediSee MAPLE GOLD MINES / 11

Orford Mining

Advancing the Val-d’Or East Project

TSX.V: PRB

www.probemetals.com

Orford is a mineral explorer primarily focused on the exploration for gold on its Qiqavik and Joutel projects, and nickel exploration on its West Raglan, all in northern Quebec.

www.orfordmining.com

TSX.V: ORM

8

SPECIAL FOCUS MINING IN QUEBEC

NOVEMBER 8—21, 2021 / THE NORTHERN MINER

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MAKING THE GRADE

Executing One of the Largest Drill Programs in Canada Recent Holes Returned: 102.07 g/t Au over 6.10 m - PE-21-386W1 84.02 g/t Au over 5.60 m - PE-21-391 43.74 g/t Au over 6.90 m - PE-21-409 76.61 g/t Au over 3.50 m - PE-21-383W1

FULLY FUNDED 300,000m drill program aims to define ounces on known gold zones and discover multiple new zones for maiden resource CONSISTENTLY DELIVERS exceptional high grade results, +100 drill holes have intersected gold mineralization greater than 10 g/t Au over variable widths COPPER RICH VMS DISCOVERY recently made at Perron, intersect 2.40% Cu, 0.72% Zn, 0.27 g/t Au and 22.15 g/t Ag over 7.80 m SURROUNDED BY GOLD MINES, the Perron project is located in the Quebec Abitibi Gold Belt Amex Exploration info@amexexploration.com +1 514.866.8209

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GLOBAL MINING NEWS

SPECIAL FOCUS MINING IN QUEBEC

Wallbridge hits gold on first drill hole at Casault in Quebec | Intersect comes from largely untested part of the property

T

he first reported hole of thirteen drilled this summer into exploration targets on the Casault property in northwestern Quebec returned 2 metres grading 6.85 grams gold per tonne starting from a depth of 254.4 metres, Wallbridge Mining (TSX: WM) says.

“We thought the Casualt property is a prospective area and that’s why we optioned it from Midland Exploration, and our first hole hit mineralization with visible gold,” Marz Kord, Wallbridge Mining’s president and CEO, says in an interview. “It’s really not the grade — 2 metres of six or seven grams, which was nice — but it’s the fact that we went into an area that hasn’t seen any drilling for kilometres, and when you hit on your first hole, it’s a testament to our team of geologists and also the prospectivity of the land package.”

The company is earning up to a 65% stake in the Casault property, which covers more than 20 km of the Sunday Lake Deformation zone, which also hosts the company’s 100% owned Fenelon and Martiniere gold projects, and Kirkland Lake

Gold’s (TSX: K; NYSE: KL; ASX: KLA) Detour gold mine, 40 km to the west in Ontario.

“Casault is actually located between Martiniere and Detour,” Kord notes.

“We now control basically this entire 97 km belt right from the Ontario border to our Fenelon gold project, the same distance as between Val’d’Or and Noranda, and it’s an area that’s probably about 100 years behind in terms of modern exploration because there’s 20-30 metres of overburden, but just as prospective.”

The drill program at Casault is testing targets between four and twelve km west of Martiniere and 34 to 41 km west of Fenelon. Casault is about 110 km from the town of Matagami.

The first drill hole is particularly significant because it is located in a largely untested part of the property to the north. The other 12 holes, like the first, intersected strong shear and alteration zones with sulphide mineralization that are interpreted potentially to be part of gold-bearing systems.

“We’re keenly awaiting the remaining assays,” says Kord, a mining engiSee WALLBRIDGE MINING / 10

9

Monarch Mining expands gold mineralization at its McKenzie Break property

GOLD

BY TRISH SAYWELL

THE NORTHERN MINER / NOVEMBER 8—21, 2021

EXPLORATION

BY DANIEL SEKULICH

M

onarch Mining (TSX: GBAR; US-OTC: GBARF) has discovered shallow gold mineralization 1 km south of its McKenzie Break deposit in Quebec, about 35 km north of Val-d’Or. The new discovery has the potential to be a ‘game changer’ according to president and CEO Jean-Marc Lacoste.

“Hitting a kilometre out changes things, no doubt,” he told The Northern Miner. “And it’s a game changer because it basically says the system is a lot bigger than anticipated. So, we want to keep drilling. We think this deposit could grow a lot bigger.

We’re probably going to be drilling throughout the winter at McKenzie.”

Among the strongest results from the current drill program is hole MK-21-281, which intersected 3.93 grams gold per tonne over 2.83 metres from 52.58 metres downhole, including an intercept grading 6.46 grams gold per tonne over 1.42 metres. A second intercept in the hole returned 3.93 grams gold per tonne over 5.45 metres from 138 metres down, and included 1.3 metres grading 11.58 grams gold per tonne.

| Shallow intercepts increase potential for open-pit mine Another hole, MK-21-287, intersected 1.52 grams gold per tonne over 8.8 metres starting from a depth of 112.2 metres, including 3.61 grams gold per tonne over 1.8 metres. The two holes — MK-21-287 and MK-21281— were drilled 125 metres apart.

The McKenzie Break deposit is situated on the company’s 7,050 hectare McKenzie Break property and is 20 km north of Monarch Mining’s fully permitted 750-tonne-per-day Beacon mill.

The deposit has open pit and underground indicated resources of 1.83 million tonnes grading 2.48 grams gold per tonne for 145,982 oz. of contained gold and inferred resources of 3.33 million tonnes grading 2.34 grams gold per tonne for 250,593 ounces.

The company has completed about 15,765 metres of its 20,000-metre drill program at McKenzie Break, with one drill currently turning at the site. Lacoste says that the shallow intercepts point to the potential for a larger open-pit operation at the project than had been first anticipated, but the company remains intent on taking a methodical path forward in exploring the asset.

“We’re doing a surgical approach,” says Lacoste of Monarch’s drill campaign. “We don’t have the budget of [others]. We don’t want to be spending so much money that we’re losing focus. We want to make sure we drill nice and easy, but surgical, going after geophysics. It’s giving us a chance to not make big mistakes and not to overspend the money that we have, which we can go [with] until December 2022.”

For Lacoste, McKenzie Break brings to mind a previous project he was involved with, the Magino gold deposit in northern Ontario.

“It reminds me a lot of the Magino deposit, which, when I was CEO of Golden Goose [Resources], we brought from 200,000 oz. to 2.2 million oz.

That was sold successfully to Argonaut Gold for $350 million in 2012.”

Monarch Mining was spun out of Monarch Gold in November 2020 after Monarch Gold was acquired

by Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) for $152 million that same month. As part of the deal, Monarch Mining retained McKenzie Break and several other assets.

See MONARCH MINING / 11

JOINT VENTURE ARTICLE

Green Battery Minerals’ Berkwood well-positioned to be source of high-quality graphite

BY NORTHERN MINER STAFF

Canadian explorer Green Battery Minerals (TSXV: GEM; US-OTC: GBMIF) is focused on advancing its flagship Berkwood graphite project in northern Quebec, about 285 km north of Baie-Comeau.

Graphite is a critical mineral that makes up most of the anode in the lithium-ion batteries used in electric vehicles and energy storage technologies.

“With electric vehicle demand set to soar over the next several years, Bloomberg has forecast demand for graphite to increase by up to 500% over this period,” says Tom Yingling, Green Battery Minerals’ president and CEO. “By providing a world-class supply of high-quality graphite, Berkwood is perfectly positioned to be part of the global effort to transition to clean energy.”

The property, which hosts highgrade, large-flake graphite at surface, also benefits from its location, Yingling said, with Quebec “considered to be one of the top mining jurisdictions in the word.”

Berkwood has “excellent infrastructure, including paved roads that provide year-round access, is close to rail lines and a supply of lowcarbon hydropower, and the port at Baie-Comeau on the St. Lawrence River allows us to ship graphite products to markets in North America and Europe,” he said. “It also benefits greatly from a skilled local workforce and access to heavy industries and services.”

Graphite is also considered one of

Green Battery Minerals’ Berkwood graphite project in northern Quebec. RYAN VERSLOOT

22 critical and strategic minerals by the Government of Quebec. Last year, the provincial government released the Quebec Plan for the Development of Critical and Strategic Minerals 2020-2025. The plan aims to make the province a leader in producing, transforming, and recycling critical and strategic minerals and, among other things, provides financial support for exploration projects within the region that are focused on these minerals.

A 2019 mineral resource for Berkwood estimated 1.76 million indicated tonnes grading 17% graphite for 299,200 tonnes contained graphite and inferred resources of 1.53 million tonnes grading 16.4% graphite for 250,200 tonnes of graphite.

According to Yingling, this

resource only includes Zone 1 — one of 12 zones showing surface graphite identified to date. “So far, only about 20% of this zone has been explored and remains open to the north and east.”

Metallurgical testing of samples confirmed that the property hosts some of the highest purity (at 97.8% graphite) and some of the largest graphite flakes in the world, he said.

This material, he added, can be easily purified to 99.95% graphite, the purity required by lithium-ion battery manufacturers.

These characteristics “allow the graphite to be processed using a lowcost and straightforward purification process that minimises the use of hazardous materials, making it a potential new source of inexpensive and environmentally-sustainable

battery-grade graphite,” Yingling said.

Since acquiring Berkwood in 2016, Green Battery Minerals has conducted geophysical surveying and surface sampling and drilled 44 holes on the project, all of which intersected graphite.

In 2020, surface sampling on Zones 1, 3, 4, 5, 6, 7, and 9 returned grab samples grading up to 55.8% graphite and channel samples of up to 32.12% graphite.

“We were delighted with these assays, in particular those from Zone 6, which demonstrated that it was a strong candidate for drilling and inclusion in our hub and spoke graphite production model for the project,” said Yingling. “The results also confirmed that there remains substantial exploration potential along strike at Zone 1.”

The company now plans to undertake up to 5,000 metres of drilling. The drilling is scheduled to start in the next couple of weeks and will focus on Zone 1 and Zone 6, about 30 km north of Zone 1.

“All of the drilling is low-risk stepout drilling designed to add to the already established resource at Zone 1,” said Yingling. “A large geophysical anomaly on Zone 6, similar to that identified on Zone 1, suggests that it could also significantly add to the current resource.”

The preceding Joint-Venture Article is PROMOTED CONTENT sponsored

by GREEN BATTERY MINERALS and produced in cooperation with The Northern Miner. Visit www.greenbatteryminerals.com for more information.

10

SPECIAL FOCUS MINING IN QUEBEC

NOVEMBER 8—21, 2021 / THE NORTHERN MINER

Orford Mining partners with Wyloo Metals to explore West Raglan in Quebec EXPLORATION

| Nickel-copper-PGE project located in far north Nunavik region

BY DANIEL SEKULICH

W

ell before Wyloo Metals began its fight with BHP (NYSE: BHP; LSE: BHP; ASX: BHP) for Noront Resources (TSXV: NOT), the Australian company signed a definitive agreement with Toronto-based junior Orford Mining (TSXV: ORM) for its West Raglan nickel project in Quebec’s Nunavik region.

The deal, signed in January, sees Wyloo earning up to 80% of the West Raglan project by spending $25 million on exploration over the next seven years. Wyloo was expected to spend $1 million of the $25 million this year, but has already spent $1.7 million.

“That’s a sign of how much they like this asset and how interested they are in nickel,” says David Christie, Orford Mining’s president and CEO. Orford had exploration teams working at West Raglan this summer doing prospecting, mapping and sampling work, although Christie notes that it’s a “very short window to explore our properties due to the weather that far north.”

West Raglan was Orford’s first asset, a nickel-copper-platinum group element (PGE) project about 95 km south of the Inuit community of Salluit, well above the tree

“THINGS HAVE CERTAINLY CHANGED. NICKEL HAS BECOME A BIG TARGET FOR THE BATTERY METALS [SECTOR].”

DAVID CHRISTIE PRESIDENT AND CEO, ORFORD MINING

line in Nunavik. A camp scale property, West Raglan covers just under 84,000 hectares and is situated about 70 km west of two nickel mines, Canadian Royalties’ Nunavik nickel mine and Glencore’s (LSE: GLEN) Raglan nickel mine, the latter being the biggest nickel producer in Quebec.

Exploration work done to date at West Raglan has identified nickelcopper-cobalt-PGE mineralization across a strike length of more than 35 kilometres. Though the company has yet to release drill results, it says that six discoveries have been made, including five high grade mineralized lens clusters over a 2,500-metre strike length, with grades in the range of 2-3% nickel and 1% copper.

When the asset was acquired in 2012, interest in nickel-copper

projects like West Raglan was low, Christie says, but now demand for the metal has taken off due to its use in the green energy transition.

“Things have certainly changed,” he told The Northern Miner. “Nickel has become a big target for the battery metals [sector], and with West Raglan being close to those two other mines, interest in it has been increasing. That’s one of the reasons that Wyloo became involved with us on this project.”

Along with exploration at West Raglan, the company has also continued work at its Qiqavik property, 20 km south of West Raglan.

Qiqavik is an early-stage gold-copper project acquired in 2016. The 39,000-hectare, 100%-0wned project hosts several high-grade gold discoveries along a mineralized trend in excess of 40 km, but vast portions of the site remain underexplored, the company says.

This year Orford completed airborne geophysics, prospecting, till sampling and diamond drilling at Qiqavik. “We just finished all that in early September and we’re awaiting results as we speak,” Christie says, “and we’ve been working up from scratch, because there is little historical work done. But I believe there’s high grade gold there, at surface. I think it could be a brand-new gold district.” TNM

WWW.NORTHERNMINER.COM

transaction also gave it the Grasset nickel project, which Kord describes as one of the highest grade nickel projects in the world not owned by a major.

“The province has a lot of exploration upside for not just gold but also other commodities,” says Kord, adding that the province is also a very good jurisdiction for mining exploration and development.

“We love Quebec and in particular the area of Quebec that we’re in, partly because of the infrastructure,” he says. “Where we are is essentially about the same distance north as the Detour mine is, and further north to that we continue to look for prospective properties, whereas on the Ontario side there is very little infrastructure.”

He also points out that there is hydropower less than 18 km from the Fenelon project, and the First Nations in the province “are very supportive.”

“There are the Cree and the Algonquin First Nations, and more than 27% of our workforce is made up of First Nations,” he says. “These guys, and particularly the government and regulators, are very keen about exploration and mining, but more importantly, when you spend $1 on exploration, you get a refundable tax credit of close to 38¢, so that’s also very attractive in terms of exploration.”

Kirkland Lake Gold owns a 9.9% stake in Wallbridge and its CEO Tony Makuch sits on the junior’s board of directors. Financier Eric Sprott owns over 20% of the company.

“These are supportive shareholders who have and will continue to support the company,” Kord says.

BMO’s Mikitchook has an outperform rating on Wallbridge and a price target of $1.00 per share. At presstime in Toronto the company was trading at 55¢ within a 52-week trading range of 48¢ and 93¢. Wallbridge has about 817 million common shares outstanding for a market cap of about $445 million. TNM

WALLBRIDGE MINING From 9

neer who joined Wallbridge in 2011.

“We just started the option agreement on Casualt so this was the first year of exploration and our first drill program on this, so as you can see we’re going to continue with the option agreement.”

(Under the option agreement signed in mid-2020, Wallbridge can earn up to a 65% stake in the property.)

The Casault property also hosts the Vortex zone, a disseminated gold system with drill hole intersections grading up to 1.38 grams gold per tonne over 26.5 metres.

Meanwhile, Wallbridge is on track to release its first resource estimate on its flagship Fenelon project on November 10 and to issue an updated resource estimate for its Martiniere project.

The company acquired the Fenelon project from Balmoral Resources in late 2016 for $3.5 million and started exploration there in 2017.

“It had a historic resource of 40,000 oz. at the time and we expect our first resource to show the multi-million oz. potential,” Kord says, adding that Fenelon was a noncore asset for Balmoral at the time. “During our due diligence we saw a lot of potential. It wasn’t just the 40,000 oz. deposit, it was a gold system, and the story from there has been that we built a team of geologists around it and have continued to grow the company.”

The deposit remains open in multiple directions laterally and at depth.

Andrew Mikitchook, a mining analyst who covers Wallbridge at BMO Capital Markets, said he expects “an initial resource ranging from 1.5 to 3.5 million oz. grading 5-10 grams gold per tonne from the high-grade underground Tabasco and Cayenne areas, along with open pit material from the Area 51 zone and other mineralization from satellite zones.”

Last year Wallbridge acquired Balmoral for about $150 million. The

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MAPLE GOLD MINES From 7

ment-hosted intercepts reported to date. In addition, DO-21-306 intersected 4 grams gold per tonne over 5 metres from 143 metres downhole within a broader and more variable grade envelope that averaged 1.6 grams gold per tonne over 15 metres. Additional multi-gram gold intercepts were obtained from other drill holes in this area.

“The JV’s maiden drill campaign returned three of the top five intercepts ever reported at Douay in terms of gold accumulation (grade multiplied by thickness), validating our targeting methodology,” Hornor said.

Maple Gold’s vice-president for exploration, Fred Speidel, added that encountering multiple bonanza-grade gold zones flanking either side of the Casa Berardi North fault highlighted the significant exploration potential for the Porphyry zone’s sparsely drilled northern flank.

“The deeper bonanza-grade gold mineralization in hole DO-21-295 remains open to the east, with just a single drill hole over more than 600 metres, which provides a compelling exploration target for follow-up drilling,” Speidel said. “We are excited to build upon the impressive results from the JV’s maiden drill campaign, with drilling expected to resume in the Nika and 531 zones in Q4 2021.”

These additional new bonanza-

SPECIAL FOCUS MINING IN QUEBEC

grade (greater than 34 grams gold per tonne) intercepts in DO-21-295 underscore the potential for two distinct styles of mineralization at Douay, according to Speidel. First, more typical lower-grade disseminated gold mineralization is closely associated with an alkaline intrusive complex; second, a structurally controlled, locally bonanza-grade overprint associated with major deformation zones found in a variety of rock types.

Maple Gold also received assays for multiple drill holes within Douay’s Main zone, where mineralized zones are relatively narrow, sub-vertical and typically higher than depositaverage grade.

The DO-21-304 results confirm the continuity of the Main zone mineralization below the base of the current 2019 RPA conceptual pit. This may extend the underground resource wireframe to below the hole 70556 intercept, which is not currently included in the resource estimate due to broad spacing between drill holes. The current Main zone conceptual pit extends to a maximum depth of 145 metres, with known mineralization now extending to over 450 metres deep.

Maple Gold has now reported all assay results from the winter 2021 drill campaign and expects to update the resource for Douay before yearend. The updated resource estimate will include more than 19,000 metres of additional drilling since the 2019

THE NORTHERN MINER / NOVEMBER 8—21, 2021

mineral resource estimate, including over 15,000 metres within the current resource area.

The Joutel gold project also hosts several regional exploration targets along a 55-km strike length of the Casa Berardi deformation zone.

Significant historical drill intercepts adjacent to areas that have seen only limited drilling to date (such as 32.9 grams gold per tonne over 10.4 metres, 16.2 grams gold per tonne over 9 metres and 10.2 grams gold per tonne over 10.2 metres) all point to the potential of high-grade gold mineralization remaining at Eagle.

Speidel said the company’s 3D modelling and grade contouring work has identified numerous highpriority drill targets. With a new 3D model in hand, the company will focus on priority drill targeting and permitting, followed by drilling at Eagle in the fourth quarter and a winter drilling campaign at Telbel in the first quarter of 2022.

In addition to the Douay project, Maple Gold is earning a stake from Globex in the past-producing Eagle gold mine, contiguous to the Joutel property and 60 km southwest of Matagami in Quebec.

Ownership of the mine will for the first time consolidate the historic high-grade Eagle-Telbel underground mines at the Joutel project.

The Eagle and Telbel underground mines and the Eagle West open-

pit mine produced 1.1 million oz. of gold between 1974 and 1993 as part of Agnico’s first gold camp.

The old production shaft at the site is about 950 metres deep. During the second-to-last year of operation at Eagle, Agnico drilled a hole that returned 10.2 metres of 10.2 grams gold per tonne.

Despite being developed and mined, the Eagle and Telbel deposits remain largely intact, Speidel said.

Globex drilled six widely spaced holes at Eagle between 2008 and 2015, including 12.4 metres of 2.9 grams gold per tonne beginning at 347 metres, including 4.8 metres of 5.4 grams gold per tonne.

A key difference in the work Maple Gold is conducting here is that, unlike Globex, it has access to the historical exploration database. The company had recently completed compiling this data into the first 3D model for Eagle-Telbel, which is expected to inform a 2,500 to 3,000-metre Phase I drill program at the 100% controlled Eagle project.

Eagle is a 77-hectare property that hosts the historical Eagle mine and covers a vital segment of the pastproducing Eagle-Telbel mine trend and operated under much lower gold prices than those prevailing today. Eagle is not currently a part of the Joutel joint venture project with Agnico Eagle, which, according to Hornor, gives Maple Gold the ability

to “chart it’s own destiny” at Eagle.

“When combined with the 3D model results from the Telbel mine area, these latest results from Eagle highlight the potential for near-mine extensions along the entire EagleTelbel mine trend as well as along sub-parallel target trends,” Speidel said. “Acquiring this strategic ground that hosted Agnico’s first gold mining operation with the benefit of an extensive drilling database and modern tools will allow us to effectively test high priority target areas that have seen only limited exploration activity since mine closure in 1993.”

Maple Gold will acquire a 100% interest in the Eagle property by paying Globex a total of $1.2 million in cash and shares over five years and spending $1.2 million on exploration over four years, which can be accelerated at Maple Gold’s discretion. Globex will retain a 2.5% gross metal royalty that can be reduced to a 1.5% GMR in return for a cash payment of $1.5 million.

Maple Gold is well-capitalized, reporting $18 million in cash as of June 30, with an additional $21 million in potential proceeds from warrants. Agnico is also expected to pay about $18 million in joint-venture funding for the Douay and Joutel exploration programs.

At press time in Toronto, Maple Gold shares were trading at 32c apiece, capitalizing it at $102.8 million. TNM

MONARCH MINING From 9

Monarch Mining’s wholly-owned assets are all located in the Abitibi camp and within close proximity to its Beacon mill, 15 km east of Vald’Or. The mill has been on care and maintenance since July 2016.

The company’s past-producing and fully permitted Beaufor underground mine is located less than 10 km from the Beacon mill, and has also been idle since June 2019. However, earlier this year the government of Quebec granted Monarch a $13.5 million senior secured loan to help the company restart both Beaufor and Beacon, something Lacoste says is coming soon.

“The plan is to have both Beaufor and Beacon up and running by the beginning of 2022. With Beaufor, we started developing some galleries back on September 1, so we’re now two months into development, and we expect to start mining at the end of December. The mill itself is scheduled that we turn on the switch December 1. It could go on and off a few times, but we’re hopeful that the mill will be full throttle early next year and produce our first doré bar sometime in the first quarter of 2022.

Maybe let’s be romantic and say Valentine’s Day. And commercial production would probably begin in the second quarter.”

Monarch’s other assets in Quebec are the Swanson property, located about 65 km north of Val-d’Or, and the Croiner gold property, located about 55 km east of the city. In combination with McKenzie Break and Beaufor, Lacoste says they form a hub and spoke operation centred around the Beacon mill.

Lacoste says that Monarch remains open to all options when it comes to McKenzie Break and its other assets in Quebec.

“Yes, we’re a little bit more independent, we have access to capital now. But we answer every call we get. We study every proposal. We’ve signed a few non-disclosure agreements. And the fact is, you know, juniors to mid-tiers are now getting smart to the game. I think this is a positive sign for the industry as a whole. But you’ve got to have skin in the game. Management with skin in the game is very important. Like us.”

At presstime, Monarch Mining was trading at 78¢ per share in a 52-week range of 59¢ and $1.31. The company has 78 million common shares outstanding for a market cap of $61 million. TNM

11

ADVANCING QUEBEC’S NEXT MULTI-MILION OUNCE GOLD CAMP WITH PARTNER AGNICO EAGLE MINES

LOCATED IN QUEBEC’S

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NOVEMBER 8—21, 2021 / THE NORTHERN MINER

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QUEBEC SNAPSHOT EIGHT EXPLORERS LOOKING FOR GOLD AND GREEN OPPORTUNITIES

BY MARILYN SCALES

The Eleonore gold project in Quebec’s James Bay region. MIDLAND EXPLORATION

The hunt for gold has heated up in La Belle Province, but that doesn’t mean there aren’t excellent opportunities for copper and other metals, too. n AMEX EXPLORATION Amex Exploration (TSXV: AMX; US-OTC: AMXEF) owns the Perron gold project about 110 km north of Rouyn-Noranda in Quebec, near the town of Normetal.

The high-grade deposit is accessible by road year-round and is near to power and water services.

Perron contains the Eastern, Grey Cat and Gratien gold zones as well as the gold-rich central polymetallic zone along a 3.6 km corridor. Mineralization has been traced to a depth of 1,350 metres. This property is the centre of a $30 million exploration program with ten drill rigs on the site last winter. The goal is to release an initial resource estimate by the end of 2021.

In the Eastern gold zone, several parallel zones have been discovered, chiefly the High Grade and Denise zones. The mineralization remains open in all directions along strike and at depth.

Drilling in the High Grade zone, the deeper (eastern) part of the zone, has returned grades as high as 102.09 grams gold per tonne over 6.1 metres. The shallower (western) portion has returned intercepts of 84.02 grams gold per tonne over 5.6 metres and 21.75 grams gold per tonne over 14.9 metres.

The Denise zone is known to extend to a vertical depth of at least 600 metres from surface and along a strike of at least 450 metres.

Drilling in 2020 returned lengthy intersections including 115.6 metres grading 1.39 grams gold per tonne, 189.4 metres at 1.07 grams gold, 50 metres of 2.12 grams gold, and 100 metres of 1.01 grams gold.

Holes drilled in the Eastern gold zone for metallurgical testing in 2020 assayed 27.7 grams gold per tonne over 11.8 metres, 12.7 grams

gold over 16.6 metres, and 5.65 grams gold over 10.6 metres. Tests concluded that overall gold recoveries would be over 99%, with 75% of the gold reporting to the gravity circuit.

Amex drilled the Grey Cat gold zone last year, confirming potential for an open pit. Significant intercepts included 39 metres grading 1.22 grams gold per tonne and 10.3 metres grading 4.54 grams gold.

The Gratien gold zone was also drilled in 2020. Intercepts there included 14.6 metres grading 16.48 grams gold per tonne, including 5 metres at 47.69 grams gold. Other holes returned 4.3 metres grading 16.77 grams gold and 4.9 metres grading 27.46 grams gold.

The company has an active regional drill program as well. It made a new discovery, the 210 Gold zone, in 2020 that returned 3.9 metres grading 58.25 grams gold per

tonne, including 0.5 metre of 412.3 grams gold from a vertical depth of about 110 metres. The same hole intersected 3 metres grading 19.08 grams gold per tonne, including 0.5 metre at 97.07 grams gold per tonne.

This year Amex drilled another new gold-bearing structure 650 metres northwest of the High Grade zone and 500 metres northeast of the Grey Cat zone. One hole returned 5.1 metres grading 31.87 grams gold per tonne, in-

cluding several half-metre intersections as high as 239.91 grams gold per tonne, although 5 grams gold to 20 grams gold was more representative.

A new copper-rich volcanic massive sulphide (VMS) zone was also drilled this year at the Perron property. The discovery was made as part of a small program to assess the base metals potential of the property due to its proximity to the past-producing Normetal mine. Hole PEX-21-076 returned

7.8 metres grading 2.4% copper, 0.72% zinc, 0.27 gram gold per tonne, and 22.15 grams silver per tonne. Within that core, a length measuring 0.9 metres graded 6.84% copper, 4.65% zinc, 0.30 gram gold per tonne and 73 grams silver per tonne.

Perron has two other gold properties in Quebec. The Lebel-surQuévillon project near the town of the same name and the Eastmain See MINING IN QUEBEC / 13

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THE NORTHERN MINER / NOVEMBER 8—21, 2021

vein 500 metres east of the existing shaft and the Sharpe vein 400 metres east of the New vein. Both veins are untested below depths of 100 to 150 metres.

Other assets include Portage Island located 1.5 km from the mill and the past-producing Gwillim gold mine, a joint venture with Argonaut Gold.

Major steps for Doré in 2022 will be to deliver a preliminary economic assessment in January, start work on a feasibility study to be completed in early 2023, and negotiate a definitive pre-development agreement with the OujeBougoumou Cree Nation.

Doré Copper has a market capitalization of $50 million.

Troilus Gold’s core shack at its namesake project in Quebec. TROILUS GOLD

MINING IN QUEBEC From 12

River project in the Eeyou Istchee James Bay region.

Amex Exploration has a market capitalization of $241.6 million.

Co

n FALCO RESOURCES In 2012, Falco Resources (TSXV: FPC; US-OTC: FPRGF) acquired 100% ownership of 74,000 hectares in the Rouyn-Noranda mining camp, including the past-producing Horne copper mine complex and 13 other former producers.

The company plans to restart production at Horne 5 in 2025.

The feasibility study updated in April 2021 gives the Horne 5 project an after-tax net present value at a 5% discount rate of US$761 million and an internal rate of return of 18.9%. Pre-production construction is estimated to cost US$844 million (excluding the US$51.5 million already spent at the site).

The base case for the economics used metal prices of US$1,600 per oz. gold, US$21 per oz. silver, US$3.20 per lb copper, and $1.15 per lb zinc.

The study estimated an under-

See MINING IN QUEBEC / 14

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n DORÉ COPPER MINING Doré Copper Mining (TSXV: DCMC; US-OTC: DRCMF) hopes to implement a hub-and-spoke plan for its copper-gold projects in Chibougamau, Quebec. The hub will be the Copper Rand mill, and the spokes will be the Copper Rand, Cedar Bay, Corner Bay, and Devlin deposits feeding the mill.

Doré holds about 12,100 hectares of land in the area, which has seen limited exploration over the past 20 years, and the 2,700 tonneper-day Copper Rand mill has been idle. The company holds 13 deposits and resource target areas within 60 km of the mill. The known deposits are open for expansion, and the company hopes that its 50,000 metre drill program will grow the resources.

The company is preparing a preliminary economic assessment due out in January 2022. The PEA will cover the Corner Bay copper-gold, Devlin copper, and the optioned Joe Mann gold-copper projects.

The largest source of ore will be the Corner Bay deposit.

The Corner Bay copper and gold project 55 km south of Chibougamau is at the advanced exploration stage. It was acquired in 2008 and will be the main source of ore for the mill. It is developed via ramp access to a depth of 115 metres on three levels. A bulk sample of 36,000 tonnes grading 2.48% copper and 0.44 gram gold per tonne was processed at the Copper Rand mill with average recoveries of 94% copper and 81.5% gold using gravity and flotation.

The indicated resource at Corner Bay is 2.7 million tonnes grading 2.68% copper and 0.26 gram gold per tonne for contained metal of 147 million lb copper and 22,000 oz. of gold. The inferred portion is 4.5 million tonnes grading 3.2% copper and 0.27 gram gold per tonne for 320 million lb copper and 39,000 oz. gold.

Another spoke for the central Copper Rand mill is the Cedar Bay copper-gold deposit. It is a past producer, which yielded 3.9 million

tonnes of mineralized material at 1.63% copper and 3.21 grams gold per tonne. It was mined from 1958 to 1990 to the 670.5-metre level, although the shaft goes down to a depth of 1,036 metres.

The Cedar Bay resource includes 130,000 indicated tonnes grading 1.55% copper and 9.44 grams gold per tonne for 4.4 million lb copper and 39,000 oz. of gold. The inferred portion is 230,000 tonnes grading 2.13% copper and 8.32 grams gold for 10.8 million lb copper and

61,000 oz. gold.

In 2020, Doré optioned the closed Joe Mann gold-copper mine, which would be a secondary ore source for the mill. When the mine was active from 1956 to 2007, it produced 1.2 million oz. of gold.

An inferred resource of 608,000 tonnes grading 6.78 grams gold per tonne for 133,000 oz. gold was estimated based on drilling this year.

Drilling in 2020 returned 4 metres grading 10.34 grams gold per tonne and 0.37% copper from the West zone; 1.3 metres grading 6.32 grams gold per tonne and 0.52% copper, including 0.45 metre at 17.7 grams gold and 1.23% copper in the Main zone; and 3 metres grading 10 grams gold per tonne and 0.4 metre of 40.8 grams gold per tonne and 0.6% copper from the Far West zone.

Another secondary ore source is the Devlin deposit, a near-surface, horizontal copper occurrence. The 2,490 tonnes of development sent to the mill averaged 1.26% copper and had an overall recovery of 96.9% copper.

The company has two other earlier stage projects that could potentially feed the Copper Rand mill. The Lac Doré gold-copper project is 2 km from the mill and was mined in the late 1980s and early 1990s. (It closed in 1991 due to low gold prices.) The company believes it may be an extension of the Cedar Bay deposit. The other early-stage project is the former Norbeau gold mine, which produced about 160,000 oz. from 1965 to 1969. Drilling by Doré this year at Norbeau intersected the New

ha

n BONTERRA RESOURCES Bonterra Resources (TSXV: BTR; US-OTC: BONXF) holds property that covers more than 38,000 hectares in the Urban Barry mining camp. So far 20 gold showings have been identified along a 25-km-long geological structure.

Currently, the company is expanding the resources at three of its gold deposits in Quebec — Gladiator, Barry and Moroy. The resource estimates for all three were updated this year and are now being used to create a preliminary economic assessment that will combine all three into a single project using the Bachelor mill to treat all the ore, which has been upgraded to 2,400 tonnes per day.

Together the three deposits have measured and indicated resources of 7.4 million tonnes grading 5.21 grams gold per tonne for 1.2 million oz. of contained gold. The inferred category contains 6.2 million tonnes grading 6.05 grams gold per tonne for 1.8 million ounces.

The Moroy gold deposit is 1 km south of the Bachelor mill and accessed through the former Bachelor mine. Bachelor-Moray contains 893,000 measured and indicated tonnes grading 5.58 grams gold per tonne for 161,000 oz. of contained gold. The inferred resource stands at 614,000 tonnes grading 5.29 grams gold per tonne for 104,000 ounces. The proximity to the mill makes this a potential early source of ore, and the Moroy deposit has already been bulk sampled.

The Gladiator and Barry properties are close to Osisko Mining’s Windfall gold project about 110 km by road to the south of Desmaraisville. The Gladiator deposit lies in the western part of the property, and the Barry deposit in the eastern part.

The Gladiator gold deposit has 1.4 million indicated tonnes grading 8.61 grams gold per tonne for 391,000 oz. of contained gold and 4.2 million inferred tonnes grading 7.27 grams gold per tonne for 989,000 ounces.

Resources for the Barry open pit are 1.7 million measured tonnes grading 2.66 grams gold per tonne for 148,000 oz. of contained gold; 184,000 indicated tonnes grading 2.88 grams gold per tonne for 17,000 oz. of contained gold; and 15,000 inferred tonnes grading 2.36 grams gold per tonne for 1,000 ounces.

There is also an underground

resource for Barry. It includes 344,000 measured tonnes grading 4.94 grams gold per tonne for 55,000 oz. of contained gold; 2.8 million indicated tonnes grading 5.15 grams gold per tonne for 470,000 oz. of contained gold; and 4.4 million inferred tonnes grading 4.9 grams gold per tonne for 687,000 ounces.

Bonterra’s exploration efforts at these properties have identified over 3 million oz. of gold in the ground.

Bonterra Resources has a market capitalization of $117.8 million.

“As Canada’s leading provider of flow-through share capital, PearTree deploys over $300M annually for Canadian mineral exploration and development in all market conditions.”

Lisa Davis, CEO PearTree Securities lisa.davis@peartreecanada.com Find out more at peartreecanada.com

13

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NOVEMBER 8—21, 2021 / THE NORTHERN MINER

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Amex Exploration president and CEO Victor Cantore outside the core shack at the Perron project.

AMEX EXPLORATION

MINING IN QUEBEC From 13

ground mine life of 15 years with average annual gold production of 220,300 ounces. All-in sustaining costs are estimated at US$587 per oz. net of by-product credits.

The orebody is low-grade and amenable to transverse long hole stoping. The host rock is competent, and dilution is expected to be about 3%. Mining will occur from 650 to 2,000 metres from surface.

The historical mine will have to be dewatered for development to proceed in two phases. The first phase will be accessed via the existing Quemont shaft, and the second phase will require deepening the shaft.

Falco intends to take advantage of the latest technologies including remote operation, electric vehicles and artificial intelligence (AI).

The mill is planned with a throughput of about 16,000 tonnes per day. Mineralized material will be ground, cycloned and passed through a flotation circuit to produce a 16% copper concentrate (containing 40% of the gold and 32% of the silver). A 52% zinc concentrate will also be made.

Finally, a pyrite concentrate containing half the gold and 43% of the silver will be produced and reground. After carbon-in-pulp leaching, elution and refining, the precious metals will be recovered in gold-silver doré bars. Plans call for a cyanide destruction circuit, and final tailings will be disposed of underground and thickened before impoundment at the historic Norbec site (under option from First Quantum Minerals).

Horne 5 has proven and probable reserves of 80.9 million tonnes grading 1.44 grams gold per tonne for 3.6 million oz. of gold. The reserves also grade 14.14 grams silver per tonne, 0.17% copper and 0.77% zinc for 6 million gold-equivalent ounces.

Total measured and indicated resources (inclusive of reserves) are 91.2 million tonnes grading 1.55 grams gold per tonne, 14.89 grams silver per tonne, 0.18% copper, and 0.88% zinc. The inferred portion is 21.5 million tonnes grading 1.44 grams gold per tonne, 23.04 grams silver per tonne, 0.20% copper, and 0.71% zinc.

Falco Resources has a market cap of $90.7 million.

n MIDLAND EXPLORATION Midland Exploration (TSXV: MD) is searching for the next major discovery in Quebec and has a dozen active projects, six of which are joint ventures, scattered around the province. They stretch west from Montreal and north though Val d’Or to the shores of Ungava Bay. Midland has created strategic alliances with the help of partners including Agnico Eagle Mines, Osisko Development, Abcourt Mines and Probe Metals. Together, Midland and its partners have spent $63 million exploring the potential of the province.

Midland has granted an option to Probe Metals to earn 65% of the La Peltrie gold project located about 25 km east of Kirkland Lake Gold’s Detour Lake gold mine and about 25 km north of the historic Selbaie gold mine. Gold-volcanic massive sulphide (VMS) mineralization was drilled at the site in 2017. Other targets on the property share characteristics with the mineralization found at Selbaie and at the recent Lower Detour discovery.

The Gatineau zinc project, about 200 km northwest of Montreal, is a 50:50 joint venture with the

province’s exploration agency, SOQUEM. The region has seen a number of former mines and showings — Long Lac, Cadieux, New Calumet, Lafontaine, and Leitch.

The Gatineau property, about 200 km from the Balmat camp in northern New York state, has potential to host an exhalative sedimentary (Sedex) deposit similar to the pastproducing Balmat zinc mine.

Trenching at Leitch returned 24.1% zinc over 3 metres and at Lafontaine 21% zinc over 2 metres. Drilling in 2011 returned 3.8% zinc over 1.9 metres, including 6.6% zinc over 0.8 metre and 4.7% zinc over 1.2 metres. Drilling at the Bouchette claim block returned 3.24% zinc over 2 metres, including 6.68% zinc over 0.5 metre.

In addition to the Gatineau joint venture, Midland has a strategic alliance with SOQUEM that covers part of the Labrador Trough in Nunavik, west of the town of Kuujjuaq, Quebec. Two prospecting programs and an airborne versatile time domain electromagnetic (VTEM) survey were conducted at the project earlier this year.

Midland also has a strategic alliance with BHP covering a nickel-

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copper-cobalt property in the Core zone of Nunavik, east of the town of Kuujjuaq. Two new showings were prospected in 2020 and a regional VTEM was flown.

The Maritime-Cadillac gold project between the towns of Val d’Or and Rouyn-Noranda is a joint venture with Agnico Eagle Mines (51%) and Midland (49%).

The property abuts Agnico’s Lapa gold mine on the south and is accessible via a new exploration drift through the Lapa mine to the property boundary. Drilling since 2007 has intersected several gold-bearing structures.

One of the better holes was in the DykeWest zone, which assayed 8.6 grams gold per tonne over 5.5 metres, including 13.8 grams gold over 3.3. metres. More recently, another hole returned 9.69 grams gold per tonne over 1 metre.

Midland has also created a 50:50 joint venture with Osisko to evaluate property near the Eleonore gold mine belonging to Newmont.

The property covers the boundary of the La Grande and Opinaca subprovinces on both sides of the mine.

Midland and Osisko are sharing their databases and expertise about the region. They have discovered a high-grade copper-silver boulder field, samples from which contain up to 8.8% copper in the southern part of the project. The find suggests strong potential for porphyry style mineralization in addition to orogenic-intrusion related gold.

The Laflamme gold project is another joint-venture, 30 km west of the town of Lebel-sur-Quévillon, Quebec. It is a joint venture between Midland (75%) and Abcourt Mines (25%). A nickel-copper-platinum group metals (PGM) discovery, the Copernick zone at Laflamme, was made in 2016. Initial drilling intersected 42.6 metres that assayed 0.45% nickel, 0.33% copper, 0.15 gram platinum per tonne, and 0.24 gram palladium per tonne.

Copernick is a large zone that includes two high grade cores.

Laflamme is primarily a gold project and drilling in the west part of the property returned 10 metres grading 0.25 gram gold per tonne, including 0.7 metre at 2.19 grams gold per tonne.

The Soissons regional-scale project is a 50:50 joint venture of Midland and Nunavik Mineral Exploration Fund (NMEF). Little See MINING IN QUEBEC / 15

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15

The core shack at Bonterra’s Gladiator project, near the company’s Barry site in Quebec. BONTERRA RESOURCES

In the field at Probe Metals’ Cadillac Break East property. PROBE METALS

MINING IN QUEBEC From 14

exploration has been done in the area, but nickel-copper-cobalt mineralization was found in the winter of 2018-19. Four samples taken at that time yielded between 0.11% and 0.16% nickel and between 0.1% and 0.21% copper.

The Gaudet-Fenelon project, 40 km northwest of Matagami, is a 50:50 joint venture between Midland and Probe Metals. It is 5 km from the high-grade Tabasco zone at Walbridge Mining’s Fenelon gold project. Gaudet-Fenelon is to be drilled in the near future.

Midland optioned its 100% owned Casault gold property to Wallbridge Mining in 2020. The property is located 140 km north of La Sarre, and 40 km east of the Detour Lake gold mine. A new gold discovery, the Vortex zone, was made at Casault in 2017. It has now been traced over 1.5 km.

Wallbridge, which is earning a 65% interest, recently reported drill results including 2 metres grading 6.85 grams gold per tonne.

Midland has several other 100%owned properties that it is willing to option or joint venture. In the James Bay region, there is the Mythril property, where coppergold-molybdenum showings were discovered in 2018, and it has numerous gold properties: Jouvex (near Matagami), the Lewis property (near Chapais), and Heva (near Chapais).

Midland Exploration has a market cap of $42 million. n OSISKO MINING Osisko made its name by developing the largest gold mine in Canada — Canadian Malartic — and then sold the multi-million-ounce mine to a joint venture of Agnico Eagle Mines and Yamana Gold for $3.9 billion in 2014.

Not content to sit on their laurels, the former executives of Osisko created Osisko Mining (TSX: OSK; US-OTC: OBNNF) and got down to work exploring the 100%-owned Windfall gold property in Eeyou Istchee James Bay. This is a highgrade deposit that, when in production, will rate among the ten largest gold mines in Canada and the United States.

There are two deposits — Windfall and Lynx — for which resources were estimated in February 2021.

At a cut-off grade of 3.5 grams gold per tonne, the Windfall deposit contains 6 million measured and indicated tonnes grading 9.6 grams gold per tonne for 1.9 million oz. of gold. The inferred portion is 16.4 million tonnes grading 8 grams gold per tonne for 4.2 million ounces.

The Lynx deposit has a measured resource of 521,000 tonnes grading 11.3 grams gold per tonne for 189,000 oz. of gold. The indicated portion is 3.1 million tonnes grading 11 grams gold per tonne for 1.1 million oz. of gold. Inferred resources add 7.4 million tonnes grading 9.9 grams gold per tonne for 2.4 million ounces.

Since February, drilling has continued to return bonanza grades including: 3,979 grams gold per tonne over 2.3 metres; 1,096 grams

The Copper Rand mine and mill. DORÉ COPPER

gold over 2.7 metres; and 2,181 grams gold over 2.5 metres.

A preliminary economic assessment for Windfall released in February outlined a mine with an initial life of 18 years and average payable production in the first seven years of 300,000 oz. gold. All-in sustaining costs, net of by-product credits and royalties, would be US$610 per ounce.

Pre-production capex was forecast to run to $544 million, including a new power line and a $55 million contingency. Using a base case of US$1,500 per oz. gold the study outlined a net present value

after taxes and mining duties at a 5% discount rate of $1.5 billion and an internal rate of return of 39.4%. Mining at Windfall could start as early as 2024 and full production reached the following year.

The project is estimated to generate over $8.2 billion of gross revenue and $1.7 billion in taxes.

Drilling this summer discovered the new Golden Bear zone 1,000 metres north of the Windfall deposit. Three new targets have been drilled with core that assayed 67.1 grams gold per tonne over 2 metres, 62.15 grams gold over 2 metres, and 38.67 grams gold over 2.2

metres. Golden Bear remains open in all directions.

Osisko’s wholly owned UrbanBarry property surrounding the Windfall project is less advanced, but several gold occurrences have been outlined in the same geological setting and rock age as Windfall.

No resource estimate has been made for this property.

Roughly 125 km west of Windfall is Osisko’s Quevillon property containing the Osborne-Bell deposit and several other gold showings.

According to a resource estimate in See MINING IN QUEBEC / 16

MONARCH MINING CORPORATION TSX:GBAR; OTCQX:GBARF

FULLY INTEGRATED MINING COMPANY /DEVELOPPING KEY PROJECTS IN QUEBEC / A TOP-RATED MINING JURISDICTION INVESTMENT HIGHLIGHTS • A well-funded newly created company with a focus on gold exploration and developing assets in the Abitibi mining camp • $38M of cash with projects having combined M&I resources of 479K ounces of gold and Inferred resources of 384K ounces • 100% ownership on all projects with infrastructure in place • Management with proven track record for acquisition of distressed/forgotten assets and ability to monetize • Cash flow opportunity – Expected restart of the Beaufor Mine by June 2022 • Attractive valuation in a bullish gold price environment • Large mining and institutional shareholders, including Alamos Gold, Yamana Gold and IQ

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2018 using a 3 grams gold per tonne cut-off grade, the property contains 2.6 million inferred tonnes grading 6.13 grams gold per tonne for 510,000 oz. of gold.

Osisko Mining has a market cap of $2.6 billion. n PROBE METALS Probe Metals (TSXV: PRB; USOTC: PROBF) is advancing its 100%-owned Val d’Or East project, 25 km east of the town of Val d’Or. It hosts one of the largest gold resources in the region — 1.8 million oz. in the measured and indicated category (29.8 million tonnes grading 1.18 grams gold per tonne) plus 2.3 million oz. in the inferred category (28.9 million tonnes grading 2.11 grams gold per tonne). The project covers 436 sq. km along the Cadillac Break. The property is the home of three former producers — the Beliveau, Monique and Bussiere mines.

Last year a preliminary economic assessment for Val d’Or East outlined a mine life of 12.5 years producing an average of 207,000 oz. gold a year at an all-in sustaining cost of US$965 per ounce. The study estimated initial capex of $353 million and an after-tax payback period using a base case of US$1,500 per oz. gold, of just under three years.

The PEA outlined an after-tax net present value at a 5% discount rate of $598 million and an aftertax internal rate of return of 32.8%.

Probe has plans to mine deposits along the Courvan, Pascalis and Monique mineralized trends at the Val d’Or East project. Each has multiple deposits, most of which can be mined as open pits using conventional truck and shovel methods.

The company recently released the best intercept to date from the Monique property, 26 metres grading 4.7 grams gold per tonne, including 0.9 metre grading 182 grams gold per tonne at 300 metres vertical depth in the M zone.

Results continue to confirm the continuity and expansion potential of all three zones. The 2022 drill program at Val d’Or East will be

Drillers at Falco Resources’ Horne 5 gold project in Quebec. FALCO RESOURCES

Major Drilling onsite at Osisko Mining’s Windfall gold project in Quebec, where it completed the longest drillhole in Canada. MAJOR DRILLING

125,000 metres.

A new central mill with a capacity of 10,000 tonnes per day and a gold recovery rate of 94.7% will be built in the middle of the three trends. The plant will have a gravity circuit and then standard leaching, and a carbon-in-pulp recovery circuit. Tailings will be detoxified and dewatered before they are dry stacked.

The pit-constrained measured and indicated portion is 26.5 million tonnes grading 1.67 grams gold per tonne for 3.3 million oz. of contained gold. The inferred pit material is 20.7 million tonnes grading 1.58 grams gold per tonne for 1.1 million oz. of contained gold.

Underground mining will start in year four and the mill will be expanded to 16,750 tonnes per day when underground mining begins with the addition of crushing capacity and ore sorting to process lower grade material.

The underground resource has 3.3 million measured and indicated tonnes grading 2.95 grams gold per tonne for 309,400 oz. of contained gold. There are also 8.2 million inferred tonnes grading 3.43 grams gold per tonne for 906,500 oz. of contained gold recoverable by underground methods.

Elsewhere in Quebec, east of the

it was in production from 1996 to 2010, the mine produced over 2 million oz. of gold and 70,000 tonnes of copper.

The company completed its 100% earn-in on the project from First Quantum Minerals in 2018.

With the acquisition came an estimated US$350 million of development and infrastructure at the site. The property has several past producing pits, a power line, electric substation, a starter camp, core storage and logging, a tailings management facility, and a water treatment plant.

Troilus’ ambition is to restart mining with both open pit and underground ore sources. Since 2018 it has drilled more than 150,000 metres. Contained metal in the indicated resource has more than doubled from 2 million gold-equivalent oz. to almost 5 million goldequivalent ounces. Gold in the inferred category has more than tripled to 3.2 million oz. contained gold-equivalent from 700,000 goldequivalent ounces.

Total open pit and underground indicated resources are 177.3 million tonnes grading 0.75 gram gold per tonne, 0.08% copper, and 1.17 grams silver per tonne (0.87 gram gold-equivalent per tonne) for contained metal of 4.3 million oz. gold,

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Detour Lake gold mine, Probe has entered into the Gaudet-Fenelon joint venture and the La Peltrie option with Midland Exploration.

Probe also holds 49% of the Dubuisson gold property (Agnico Eagle Mines owns the other 51%) 7 km west of the town of Val d’Or. This property borders Agnico Eagle’s Goldex mine.

Probe has two other advanced exploration gold projects. It owns 100% of the Lapaska project 20 km east of Val d’Or and 60% of the Sleepy project 30 km east of Val d’Or (O3 Mining owns the remaining 40%.)

Other assets in its portfolio include the Casa-Cameron gold project near Hecla Mining’s Casa Berardi gold mine in Quebec; the Black Creek chromite project in Ontario’s Ring of Fire; and 50% of the Meunier-144 project, west of Timmins in Ontario. Pan American Silver is the operator and owns the other 50% of Meunier-144.

Probe Metals has a market capitalization of $244.2 million. n TROILUS GOLD Troilus Gold (TSX: TLG; US-OTC: CHXMF) has been expanding its landholdings near the past-producing Troilus gold-copper mine 175 km from Chibougamau. When

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322.6 million lb copper and 6.7 million oz. silver. The combined inferred resource contains another 116.7 million tonnes grading 0.73 gram gold per tonne, 0.07% copper, and 1.04 grams silver per tonne (0.84 gram gold-equivalent per tonne) for 2.76 million oz. gold, 189.7 million lb copper and 3.9 million oz. silver. The resource estimate did not include 81,450 metres of drilling last year. The company plans to update the resources in the first half of 2022.

Troilus completed a preliminary economic assessment for re-opening the mine in 2020.

The Troilus project would have a 22-year life and produce an average of 220,000 oz. of gold in each of the first five years, then 246,000 oz. per year from years six through 14, and 98,000 oz. from year 15 on.

All-in sustaining costs per oz. of gold-equivalent would be US$850 over the life of the mine. Projected payable gold is 3.8 million oz., payable copper is 265 million lb, and payable silver is 1.5 million ounces over 22 years. The mill will initially be fed with open pit ore, and underground ore would be introduced in year eight.

The initial capital cost (net of existing infrastructure) would be US$333 million. That includes US$78 million for open pit mine development, US$172 million for the processing plant, US$36 million for infrastructure, US$11 million for the owners cost, and US$36 million for contingency. The initial capital costs would be paid back over four years. The base case used a gold price of US$1,450 per ounce.

The Troilus project has a posttax net present value with a 5% discount rate of US$567 million and a post-tax internal rate of return of 22.9%.The post-tax cumulative cash flow would be US$1.27 billion. Sustaining costs would total US$506 million, including US$240 million for underground development and US$175 million sustaining costs during the life of the underground mine. Underground development would start in year six and ore delivery two years later.

The mineral processing plant has been designed with primary crushing, semi-autogenous (SAG) and ball milling, followed by gravity gold concentration, copper flotation, concentrate filtration, and tailings thickening and disposal.

The gold-rich copper concentrate will then be smelted.

Gold recovery is estimated to be 90% with 30% captured in the gravity concentrate. Copper recovery is expected to be 90%.

A prefeasibility study is underway and expected to be completed in the first half of next year. If the permitting process and provincial approval process go smoothly, construction to restart the Troilus mine could begin in 2024.

Troilus Gold has a market cap of $177 million. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 8—21, 2021

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NOVEMBER 8—21, 2021 / THE NORTHERN MINER

M A R K E T N EWS TORONTO STOCK EXCHANGE / OCTOBER 25—29 The S&P/TSX Composite Index fell 179.10 points or 0.84% to finish the October 25-29 trading week at 21,037.10. The Global Mining Index dropped 3.06 points or 3.07% to 96.58 and the Global Base Metals Index fell 3.61 points or 2.15% to 164.18. The Global Gold Index fell 12.1 points or 4.23% to 273.73.

Shares of MAG Silver jumped $1.51 to $24.65. The company reported third quarter production and noted that it is now transitioning from construction to commissioning at the plant at its Juanicipio mine in Mexico.

MAG Silver owns a 56% stake in the mine and Fresnillo 44%. Until the processing plant is commissioned, mineralized development material from Juancipio will continue to be processed at a targeted rate of 16,000 tonnes per month through Fresnillo’s nearby plant, with the silver-rich lead and zinc concentrates treated at market terms under off-take agreements with Met-Mex Penoles, S.A. de C.V. in Torreon, Mexico. Third quarter production of underground development material from Juanicipio reached 57,127 tonnes. Total production for the quarter based on provisional estimates before offtake agreement adjustments was 667,532 oz. of silver and 1,107 oz. of gold. The associated lead and zinc production totals will be reported in the company’s third

quarter filings. Revenue from this production is being used by Juanicipio’s shareholders to offset initial project capital cash requirements.

SilverCrest Metals rose $1.27 to $11.14. The company reported that construction of its Las Chispas project in Sonora, Mexico, is about 54% complete and remains on schedule. The main access road, plant detailed engineering, and concrete work are now complete, SilverCrest reported, and bridge construction is 88% complete, plant construction 49% complete, powerline 47% complete and underground infrastructure ongoing. Underground development rates continue to progress well, for a total of 15.7 km completed since underground development began in the first quarter of 2019.

With more than 80% of the initial capital costs expected to be committed by the end of 2021, TSX MOST ACTIVE ISSUES VOLUME (000s) HIGH

Suncor Energy Denison Mines B2Gold Corp Barrick Gold Kinross Gold Yamana Gold Nexgen Energy Lundin Mng Teck Res Fission Uran

SU 50413 DML 23305 BTO 18259 ABX 15472 K 15124 YRI 12463 NXE 11967 LUN 11355 TECK.B 11153 FCU 11083

32.99 2.45 5.58 24.46 8.06 5.48 7.70 10.82 35.73 1.18

WEEK LOW CLOSE CHANGE

28.22 2.02 5.10 22.71 7.43 4.86 6.54 9.95 33.85 0.96

32.55 + 4.30 2.10 - 0.20 5.11 - 0.26 22.71 - 1.39 7.44 - 0.37 4.86 - 0.47 6.84 - 0.46 10.77 + 0.49 34.54 + 0.10 1.04 - 0.07

SilverCrest said it expects to be well-funded for commissioning and ramp-up in 2022.

A new discovery at Pretium Resources’ Brucejack property in British Columbia sent the company’s shares up 98¢ to $14.97. The company reported a new high-grade gold discovery at the Golden Marmot zone, about 3.5 km north of its Valley of the Kings deposit.

Eight of the nine holes for which assays have been received intersected gold. A highlight was drillhole SU-786, which cut 72.5 grams

gold per tonne over 53.5 metres starting from a depth of 251 metres, including 6,700 grams gold per tonne and 3,990 grams silver per tonne over 0.5 metres and including 787 grams gold per tonne over 0.5 metres. Drillhole SU-778 returned 46.1 grams gold per tonne over 5.8 metres starting 234 metres downhole, including 208 grams gold over 1 metre. The Golden Marmot zone is 1.75 km east of the Hanging Glacier zone, where the company discovered gold last year. TNM TSX GREATEST VALUE CHANGE

TSX GREATEST PERCENTAGE CHANGE VOLUME (000s) HIGH

Sulliden Mng St Augustine Lithium Amer Suncor Energy Orea Mining Golden Star Aquila Res SilverCrest Candente Coppr Silver Eleph Nexa Resources Yorbeau Res Mawson Res Nevada Copper Freegold Vent Laramide Res Silver Bear Rs Calibre Mng UEX Corp Alexco Res

SMC SAU LAC SU OREA GSC AQA SIL DNT ELEF NEXA YRB MAW NCU FVL LAM SBR CXB UEX AXU

3542 4292 4438 50413 2645 424 1090 1799 466 7003 21 176 4374 2996 1862 2454 59 7152 5844 1031

VOLUME (000s)

WEEK LOW CLOSE CHANGE

0.28 0.17 0.11 0.07 36.89 31.38 32.99 28.22 0.23 0.18 4.11 3.33 0.09 0.08 11.18 9.92 0.18 0.16 0.41 0.30 14.10 0.00 0.05 0.04 0.23 0.17 0.99 0.81 0.52 0.42 1.05 0.83 0.11 0.00 1.65 1.47 0.55 0.44 2.38 2.02

0.27 0.11 35.90 32.55 0.20 3.87 0.09 11.14 0.17 0.33 10.50 0.04 0.18 0.81 0.44 0.88 0.10 1.48 0.47 2.04

+ + + + + + + + + + -

54.3 50.0 15.8 15.2 14.3 13.5 13.3 12.9 10.0 10.0 21.3 20.0 18.6 18.2 16.3 13.7 13.6 13.5 12.3 11.7

Lithium Amer Suncor Energy MAG Silver SilverCrest Solaris Res Pretium Res Victoria Gold Largo Res Teck Res Seabridge Gld Agnico Eagle Newmont Corp Kirkland Lake Nexa Resources Cameco Corp Barrick Gold Ero Copper Wheaton Prec Labrador IOR Turquoise HIl

LAC SU MAG SIL SLS PVG VGCX LGO TECK.A SEA AEM NGT KL NEXA CCO ABX ERO WPM LIF TRQ

4438 50413 1111 1799 1348 2069 454 435 13 342 4030 1020 3264 21 7334 15472 1063 4023 1456 1095

WEEK CLOSE

35.90 32.55 24.65 11.14 14.25 14.97 18.97 15.44 38.60 22.85 65.69 66.82 52.17 10.50 30.07 22.71 23.09 49.96 35.83 15.68

CHANGE

+ + + + + + + + + + -

4.89 4.30 1.51 1.27 1.10 0.98 0.69 0.67 0.60 0.52 4.98 4.39 4.15 2.85 1.99 1.39 1.38 1.26 0.90 0.90

TSX VENTURE EXCHANGE / OCTOBER 25—29 The S&P/TSX Venture Composite Index rose 1.59 points or 0.17% to finish the October 2529 trading week at 950.43. Spot gold climbed US$8.50 per oz. or 0.47% to US$1,784.30 per ounce.

Los Andes Copper topped the charts, jumping $1.33 to $10.20 per share. The company announced the appointment of R. Michael Jones as its president and CEO. A mining engineer by training, Jones was vice president corporate development for Aber Diamonds, the joint venture partner in the Diavik diamond mine, from 1997 to 2000. From 2005 until 2016, Jones co-founded West Timmins Mining and MAG Silver. He completed discovery, joint-venture and takeover work for both companies. He has also served as CEO and a director at Platinum Group Metals. Los Andes is developing its Vizcachitas copper project in Chile, 120 km north of Santiago.

Vizcachitas is a copper-molybdenum porphyry deposit. The project has a measured resource of 254.4 million tonnes grading 0.439% copper and indicated resources of about 1.03 billion tonnes grading 0.385% copper.

Great Bear Resources rose $1.01 to $17.35 per share on news of positive gold recovery test results from its Dixie project in Ontario’s

Red Lake district. The company submitted ten 1 kilogram samples to Blue Coast Research Ltd. in British Columbia. Samples were composited from 10 to 13 metre long core intervals. All tested combinations of grades, host rocks, sulphide content and alteration styles recovered a high percentage of total gold, with a 4% range from 95.2% to 99.2%. All samples, regardless of grade, were described as free milling, indicating that the gold is not encapsulated in sulphide accessory minerals. “We selected what were anticipated to be the ‘most difficult’ mineralized domains to extract gold from the LP Fault, and were pleased to report very high gold recoveries at all grades,” Chris Taylor, the company’s president and CEO, said in a news release.

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

Leeta Gold Nexus Gold Arena Min Galway Mtls Northwest Cop NEO Battery Advance Gold American Lith Forum Energy Monarca Mnrls

HIVE 22097 NXS 11658 AN 8973 GWM 8387 NWST 8231 NBM 7764 AAX 7408 LI 7236 FMC 7079 MMN 7056

4.92 0.04 0.45 0.59 1.10 0.60 0.08 4.12 0.49 0.16

WEEK LOW CLOSE CHANGE

4.21 0.03 0.32 0.52 0.59 0.44 0.05 2.94 0.30 0.09

4.37 0.03 0.42 0.57 0.91 0.49 0.06 4.00 0.33 0.16

+ + + + + +

0.04 0.01 0.03 0.03 0.31 0.03 0.01 1.06 0.15 0.07

Emerita Resources climbed 76¢ to $3.81.

The company commenced trading on the OTCQB Venture market under the stock symbol EMOTF on October 22. The company also reported complete first assays for its first step-out drill hole at its Infanta deposit, part of the company’s Iberian Belt West project in Spain. Drill hole IN018 returned 8.2 metres grading 2.5% copper, 8.7% lead, 17.3% zinc,

223.5 grams silver per tonne and 0.5 gram gold per tonne starting from 59.4 metres downhole.

Drill hole IN014, cut 5.7 metres of 2.4% copper, 7.3% lead, 13.4% zinc, 225 grams silver per tonne and 0.6 gram gold per tonne starting from 85 metres.The drill program at Infanta is designed to test across a 1.5 km strike length and the depth extent to at least 300 metres down dip. TNM

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

Kermode Res Monarca Mnrls Northwest Cop West High Yld San Lorenzo Adex Mining Mazarin Alpha Lithium Chatham Rock Eastfield Res Nevada Zinc Noble Metal Pangolin Dia Alliance Mng Forum Energy Bessor Min Optimus Gold Worldwide Res Three Valley Bathurst Met

KLM MMN NWST WHY SLG ADE MAZ.H ALLI NZP ETF NZN NMG.H PAN ALM FMC BST OTS.H WR.H TVC BMV

1849 7056 8231 2395 1330 62 6 3852 72 401 686 19 397 9 7079 24 1 53 4147 495

0.04 0.16 1.10 0.67 0.15 0.02 0.16 1.22 0.17 0.09 0.11 0.01 0.02 0.35 0.49 0.08 0.21 0.05 0.45 0.10

TSX-V GREATEST VALUE CHANGE

WEEK LOW CLOSE CHANGE

0.00 0.09 0.59 0.42 0.10 0.00 0.00 0.83 0.00 0.00 0.06 0.00 0.00 0.00 0.30 0.00 0.00 0.00 0.28 0.00

0.04 0.16 0.91 0.62 0.14 0.02 0.16 1.17 0.17 0.09 0.07 0.01 0.01 0.35 0.33 0.06 0.21 0.04 0.28 0.09

+ 166.7 + 72.2 + 51.7 + 51.2 + 50.0 + 50.0 + 45.5 + 44.4 + 43.5 + 41.7 - 39.1 - 33.3 - 33.3 - 32.7 - 31.3 - 31.3 - 30.5 - 30.0 - 30.0 - 29.2

VOLUME (000s)

Los Andes American Lith Great Bear Res ZEN Graphene Emerita Res Nouveau Monde Callinex Mines Tanqueray Expl Alpha Lithium Northwest Cop Sigma Lithium Uranium Roylty Abitibi Royal Arizona Metals Prime Mining Rupert Res E3 Metals New Found Gold Colonial Coal Pac Booker Min

LA LI GBR ZEN EMO NOU CNX IPA ALLI NWST SGML URC RZZ AMC PRYM RUP ETMC NFG CAD BKM

56 7236 335 1018 6824 513 296 84 3852 8231 227 967 23 1892 1569 163 2792 803 3679 13

WEEK CLOSE

10.20 4.00 17.35 5.33 3.81 10.08 3.45 8.17 1.17 0.91 10.30 6.02 28.25 4.30 4.36 4.45 2.92 9.63 3.00 2.30

CHANGE

+ + + + + + + + + + -

1.33 1.06 1.01 0.94 0.76 0.62 0.50 0.45 0.36 0.31 0.90 0.89 0.79 0.40 0.39 0.39 0.36 0.36 0.31 0.30

U.S. MARKETS / OCTOBER 25—29 The Dow Jones Industrial Average rose 142.54 points or 0.40% to 35,819.56 and the S&P 500 climbed 60.48 points or 1.33% to 4,605.38.

Spot gold increased US$8.50 per oz. or 0.47% to US$1,784.30 per ounce.

Shares of Nouveau Monde Graphite, which is advancing its Matawinie graphite project in Quebec, jumped US59¢ to US$8.22. The junior announced it was awarded ‘Entrepreneur of the Year’ by the Quebec Mineral Association in recognition of its momentum in developing its ‘ore-to-battery’ value chain. Over the last year, the company has received authorization for the project from the provincial government and construction has begun at the Matawinie project, about 150 km north of Montreal. It has also built the Phase 1 facility for its proprietary purification technologies for anode material; listed on the New York Stock Exchange, and raised additional capital.

Cleveland Cliffs gained US26¢ to US$24.11.

The company reported its third quarter results.

Consolidated revenues reached US$6 billion, up from the US$1.6 billion recorded in the third quarter of 2020. Net income in the three months ended September 30 reached a record US$1.3 billion, or US$2.33 per diluted share, up from the year-earlier third quarter’s US$2 million. Adjusted earnings before interest,

taxes, depreciation and amortization (EBITDA) came in at US$1.9 billion in the third quarter, compared to US$126 million in the third quarter of 2020. For the first nine months of 2021, Cleveland Cliffs recorded revenues of US$15.1 billion and net income of US$2.1 billion, or US$3.69 per diluted share, up from revenues of US$3.1 billion and a net loss of US$155 million (US51¢ per diluted share) in the first nine months of 2020. As of October, 19, the company had total liquidity of about US$2.2 billion.

Shares of Osisko Gold Royalties went up US19¢ to US$12.63. The company announced that it has concluded a transaction with Barrick TZ Ltd., a subsidiary of Barrick Gold, to acquire three royalties for a total cash consideration of US$11.75 million. The royalies are a 2% net U.S. MOST ACTIVE ISSUES VOLUME (000s)

United States S* X 165312 Vale* VALE 145785 Cleveland-Clif* CLF 138046 Freeport McMoR* FCX 83873 Barrick Gold* GOLD 78936 Yamana Gold* AUY 66814 Kinross Gold* KGC 58293 Suncor Energy* SU 57567 IAMGOLD* IAG 48954 Chevron Corp* CVX 48358

HIGH

WEEK LOW CLOSE CHANGE

27.00 22.99 14.02 12.63 26.51 23.87 39.67 36.84 19.77 18.37 4.43 3.94 6.51 6.01 26.64 22.83 3.05 2.71 115.29 111.58

26.39 12.73 24.11 37.72 18.37 3.95 6.01 26.30 2.77 114.49

+ + + + +

3.51 0.79 0.26 0.05 1.11 0.36 0.31 3.44 0.09 1.69

smelter return (NSR) royalty on the AfriOre and Gold Rim licences making up the West Kenya project in Kenya operated by Shanta Gold Ltd; a 1% NSR on the Frontier project, operated by private company Metalor SA in Burkina Faso; and a 1% NSR on the Central Hounde project operated by Thor Explorations Ltd, also in Burkina Faso. The West Kenya project is a development stage, high-grade gold project in the Lake Victoria gold field, and a scoping study published in October 2020 outlined a

nine year mine life producing about 105,000 oz. gold a year from an inferred resource base of 2.9 million tonnes grading 12.6 grams gold per tonne for 1.8 million oz. of contained gold.

The project is envisioned as a combined open pit and underground mining operation focused on the Isulu and Bushiangala deposits. Osisko Gold Royalties said Shanta Gold is currently infill drilling to advance the project to a prefeasibility study and if a decision is made to build the mine, initial production could start in 2025. TNM U.S. GREATEST VALUE CHANGE

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

Lithium Amer* United States S* Suncor Energy* Nouveau Monde* Pretium Res* MartinMarietta* Seabridge Gld* Osisko Gold* Chevron Corp* Cleveland-Clif* Nexa Resources* Peabody Enrgy* Buenaventura* Yamana Gold* CONSOL Energy* Harmony Gold* Mechel* Kirkland Lake* Eldorado Gold* Agnico Eagle*

LAC X SU NMG PVG MLM SA OR CVX CLF NEXA BTU BVN AUY CEIX HMY MTL KL EGO AEM

21630 29.78 165312 27.00 57567 26.64 427 8.24 6530 12.42 1534395.88 1055 19.05 2294 13.06 48358115.29 138046 26.51 1558 11.98 38903 14.71 12203 9.18 66814 4.43 2282 31.41 21082 4.02 2466 4.70 5982 46.39 9723 10.04 7674 58.49

VOLUME (000s)

WEEK LOW CLOSE CHANGE

25.33 29.02 22.99 26.39 22.83 26.30 7.60 8.22 11.46 12.08 381.59 392.84 18.07 18.44 12.43 12.63 111.58 114.49 23.87 24.11 7.90 8.45 11.29 11.89 7.77 7.88 3.94 3.95 26.85 27.51 3.59 3.62 4.03 4.20 42.06 42.17 8.66 8.96 53.05 53.05

+ + + + + + + + + + -

15.9 15.3 15.0 7.7 6.8 3.0 2.2 1.5 1.5 1.1 22.2 16.0 9.1 8.4 8.1 7.9 7.7 7.4 7.2 7.1

MartinMarietta* MLM Lithium Amer* LAC United States S* X Suncor Energy* SU Chevron Corp* CVX Pretium Res* PVG Nouveau Monde* NMG Seabridge Gld* SA Cleveland-Clif* CLF Osisko Gold* OR Arch Resources* ARCH Southern Copp* SCCO Agnico Eagle* AEM Newmont Corp* NEM Kirkland Lake* KL Alcoa* AA Rio Tinto* RIO CONSOL Energy* CEIX Nexa Resources* NEXA Peabody Enrgy* BTU

1534 21630 165312 57567 48358 6530 427 1055 138046 2294 4150 4841 7674 35294 5982 46904 16385 2282 1558 38903

WEEK CLOSE

CHANGE

392.84 29.02 26.39 26.30 114.49 12.08 8.22 18.44 24.11 12.63 91.08 59.99 53.05 54.00 42.17 45.95 63.27 27.51 8.45 11.89

+ 11.51 + 3.98 + 3.51 + 3.44 + 1.69 + 0.77 + 0.59 + 0.39 + 0.26 + 0.19 - 4.41 - 4.15 - 4.08 - 3.61 - 3.37 - 3.30 - 2.61 - 2.44 - 2.41 - 2.26

GLOBAL MINING NEWS

THE NORTHERN MINER / NOVEMBER 8—21, 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 October 28 2021 (change from October 21 2021 in brackets) Aluminium Alloy 1820 (0) Aluminium 1051350 (-41250) Copper 143650 (-22275) Lead 55300 (-1700) Nickel 143334 (+546) Tin 965 (-25) Zinc 197725 (-2200)

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$75.50 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$13.25 Cobalt: US$25.52/lb.

Copper: US$4.52 Copper: CME Group Futures December 2021: US$4.39/lb.; January 2022: US$4.37/lb Iridium: NY Dealer Mid-mkt US$4,500.00/tr oz.

Iron Ore 62% Fe CFR China-S: US$106.8 Lead: US$1.11/lb.

Rhodium: Mid-mkt US$14,100.00 tr. oz.

Ruthenium: Mid-mkt US$620 per oz.

Silver: Handy & Harman Base: US$23.93 per oz.; Handy & Harman Fabricated: US$29.91 per oz.

Tin: US$17.58/lb.

Uranium: U3O8, Trade Tech spot price: US$47.75 per lb. U308 Zinc: US$1.57 per lb.

Prices current November 1, 2021

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of October 15, 2021 (with changes from September 30, 2021) Largest short positions Suncor Energy SU 26621582 -1723702 9/30/2021 B2Gold Corp BTO 15427954 4689117 9/30/2021 Lundin Mng LUN 14254394 -243011 9/30/2021 Barrick Gold ABX 13385315 1656025 9/30/2021 Fission Uran FCU 12586397 -731166 9/30/2021 Argonaut Gold AR 12291719 -432151 9/30/2021 New Gold NGD 12064033 -929513 9/30/2021 Kinross Gold K 11276731 -1024086 9/30/2021 Nexgen Energy NXE 9744394 2130925 9/30/2021 Ivanhoe Mines IVN 8770273 -5702599 9/30/2021 First Quantum FM 8622003 856162 9/30/2021 Fortuna Silvr FVI 8276269 -357642 9/30/2021 Equinox Gold EQX 7579959 -194200 9/30/2021 Yamana Gold YRI 7267802 -3842905 9/30/2021 Nthn Dynasty NDM 6295548 18443 9/30/2021 Largest increase in short position B2Gold Corp BTO 15427954 4689117 9/30/2021 Nexgen Energy NXE 9744394 2130925 9/30/2021 Barrick Gold ABX 13385315 1656025 9/30/2021 Trevali Mining TV 4308061 1150997 9/30/2021 HudBay Min HBM 4791589 1041565 9/30/2021 Largest decrease in short position Ivanhoe Mines IVN 8770273 -5702599 9/30/2021 Wheaton Prec WPM 2674928 -5034277 9/30/2021 Yamana Gold YRI 7267802 -3842905 9/30/2021 Orea Mining OREA 322368 -2851853 9/30/2021 Suncor Energy SU 26621582 -1723702 9/30/2021

Short positions outstanding as of October 15, 2021 (with changes from September 30, 2021) Largest short positions EnCore Energy EU 6345244 1831548 Neo Lithium NLC 5023218 4906702 GoviEx Uranium GXU 3077206 1338556 Millennial Lit ML 3003039 2022508 Canada Silver CCW 2468385 2392763 Baselode Egy FIND 2013103 794404 ZEN Graphene ZEN 1909731 99623 ALX Resources AL 1812407 1644468 Pegasus Res PEGA 1600459 1591253 American Lith LI 1576605 520285 Purepoint Uran PTU 1470010 1023592 QC Copper QCCU 1287812 765257 American Mang AMY 1273423 1220861 Arena Min AN 1222817 1157540 Apollo Silver APGO 1170402 341789 Largest increase in short position Neo Lithium NLC 5023218 4906702 Canada Silver CCW 2468385 2392763 Millennial Lit ML 3003039 2022508 EnCore Energy EU 6345244 1831548 ALX Resources AL 1812407 1644468 Largest decrease in short position Rathdowney Res RTH 8000 -1310000 Kanadario Gold GMIN 16707 -998583 Pure Gold Mg PGM 838993 -812793 Anfield Energy AEC 671938 -791195 Strikepoint Gd SKP 129893 -752157

9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021 9/30/2021

DAILY METAL PRICES Date Oct 29 Oct 28 Oct 27 Oct 26 BASE METALS (London Metal Exchange -- Midday official cash/3-month prices, US$ per tonne) Al Alloy 2507/2490 2508/2490 2759/2740 2759/2740 Aluminum 2694.5/2693 2720.5/2732 2703.5/2724.5 2830.5/2844 Copper 9950/9615 9855/9660/ 9845/9600 9983/9804.5 Lead 2448/2401 2436/2402 2428/2380.5 2445/2421 Nickel 19475/19300 19820/19670 19845/19650 20485/20350 Tin 38700/36950 37600/36050 38700/37100 39025/37350 Zinc 3455/3335 3414.5/3358 3384.5/3326 3454/3411 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

Gold AM 1796.30 1798.20 1783.85 Gold PM 1769.15 1803.50 1795.25 Silver 24.01 24.08 23.96 Platinum 1009 1017 1023 Palladium 1972 2001 1963

Oct 25 2760/2740 2916.5/2923 10045/9805 2485/2434 20130/20020 39250/37500 3510/33442

1801.90 1785.55 24.32 1050 2012

1799.20 1805.25 24.38 1046 2032

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

Oct 29 1.2389 0.8073

Oct 28 1.2346 0.8100

Oct 27 1.2371 0.8083

Oct 26 1.2391 0.8070

Exchange rates (Quote Media, October 29, 2021) C$ to AUS C$ to EURO C$ to YEN 1.0727 0.6981 92.0521 C$ to UK Pound C$ to China Yuan C$ to India Rupee 0.5897 5.1692 60.4697 US to AUS US to EURO US to YEN 1.3303 0.8650 113.9425 US to UK Pound US to China Yuan US to India Rupee 0.7307 6.4057 74.9286

Oct 25 1.2380 0.8078

C$ to Mex Peso 16.6018 C$ to Swiss Franc 0.7392 US to Mex Peso 20.5553 US to Swiss Franc 0.9157

C$ to SA Rand 12.3050 C$ to S. Korea Won 948.6545 US to SA Rand 15.2471 US to S. Korea Won 1174.6100

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

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

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

Karora Resources Inc. (KRR.WT) - One

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

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

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

Osisko Gold Royalties (OR.WT) - Wt buys sh @ $36.5 to Feb 18/22

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

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

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

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

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

TSX VENTURE WARRANTS $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at $0.12 per share.

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

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

Oct 29 21037.07 950.43 1265.19 273.73 257.35

Oct 28 21197.53 955.21 1274.18 280.47 257.35

Oct 27 20954.99 946.79 1258.50 286.12 261.68

Oct 26 21173.45 958.76 1270.90 287.86 262.77

Oct 25 21284.84 963.93 1277.24 289.25 263.63

High 21311.78 1113.64 1278.89 380.32 334.44

Low 15418.46 681.67 919.76 257.81 230.26

CANADIAN GOLD MUTUAL FUNDS FundName Oct 29 ($) BMO Prec Mtls Fd A 23.75 BMO ZGD 67.07 BMO ZJG 63.15 CI Pre Met Fd A 53.25 CIBC Prec Metal Fd A 13.69 Dyn Prec Metls Fd A 12.14 Harvest HGGG 25.75 Horizons HEP 27.56 IG MacGbPreMetCl A 14.42 iShares XGD 17.12 NBI PrecMetFd Invt 18.22 NPT Go&PrMinFd A 53.80 NPT SilverEquCl A 9.04 Prec Met Fd A 62.42 RBC GblPreMetFd A 53.15 RBC GblPreMetFd Adv 53.51 TD Prec Mtl Fd Inv 44.31

Oct 22 ($) 24.44 69.13 64.97 54.24 14.20 12.15 26.90 28.62 14.78 17.87 18.81 54.12 9.13 64.00 55.08 55.45 46.03

Change ($) -0.68 -2.06 -1.83 -0.99 -0.52 -0.01 -1.15 -0.93 -0.35 -0.76 -0.59 -0.33 -0.10 -1.58 -1.93 -1.94 -1.72

Change (%) -2.80 -2.98 -2.81 -1.82 -3.64 -0.08 -4.28 -3.25 -2.38 -4.24 -3.14 -0.60 -1.08 -2.46 -3.50 -3.50 -3.74

YTDChange (%) -18.34 -22.84 -25.23 -15.46 -16.43 -21.14 -21.04 -16.13 -17.78 -15.35 -18.18 -22.49 -30.19 -18.07 -20.38 -20.40 -17.72

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$) 50.74 65.48 71.80 328.02 55.18 508.12 5.51 22.20 1044.43 26.15

57.60 393.46 1.92 118.94

NEW 52-WEEK HIGHS AND LOWS OCTOBER 25-29, 2021 89 New Highs Abitibi Royal Alpha Lithium American Lith* Archer Explor Arena Min Asante Gold* Asbestos Corp Atalaya Mining Atlas Salt BC Moly Black Shield Canoe Mng Vent* Chevron Corp* Cleveland-Clif* Colonial Coal CONSOL Energy* Copper Lake Rs Copperbank Res* Denison Mines Denison Mines*

E2Gold Inc* Element79 Elevation Gold* Elysee Dev Emerita Res Emerita Res* Energy Fuels Energy Fuels* Engold Mines* Filo Mg Corp Filo Mg Corp * Fiore Gold* First Tellur* Gensource Pot GoGold Res Greenshield Ex Intl Star* Intrepid Pots* Kiplin Metals Kiplin Metals* Lake Resources*

Lithium Amer Lithium Amer* MartinMarietta* Matica Ent MGX Minerals MGX Minerals* Murchison Min Natural Res Pt* Neometals* Nevada Lithium NGEx Minerals NGEx Minerals* Nobel Res Nobel Res* Noront Res Noront Res* North Springs* Northwest Cop Original Sixtn* P2 Gold* Pegasus Res*

PepinNini Lith* Prime Mining Prime Mining* Prog Planet Prospect Ridge Raindrop Vent Reunion Gold Reunion Gold* Salazar Res* Silverton Met* Sulliden Mng Sulliden Mng* Suncor Energy Suncor Energy* Surge Battery Tembo Gold Tembo Gold* TriMetals Mng* Uranium Energy* Uranium Roylty Uranium Roylty*

ValOre Metals* Vizsla Copper Vizsla Silver Vizsla Silver* Vulcan Mnrls West High Yld 33 New Lows 1111 Explor Abcourt Mines Angold Res Aurania Res Cabral Gold Canada Silver Canada Silver* Cartier Res Cdn Palladium* Cirrus Gold Fathom Nickel* Freegold Vent Galway Mtls* Hanstone Gold*

Horizon Mnls* Irving Res Irving Res* Manning Vent* Mantaro Silver* Mistango River Newmont Corp NuLegacy Gold NuLegacy Gold* Orca Gold Ready Set Gold Silver Dollar* Stans Energy TriStar Gold* Ucore Rare Mtl Uranium Res* Vanstar Mng Rs* West Mining* West Oak Gold

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

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LEGEND A C L N O Q T V X *

– – – – – – – – – –

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

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

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

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

20

WWW.NORTHERNMINER.COM

NOVEMBER 8—21, 2021 / THE NORTHERN MINER

S T O C K TA B L E S

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: OCTOBER 25–29, 2021 (100s) Stock

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 AEX Gold Affinity Metal* African Gold* African Gold African Metals Aftermath Silv* Agnico Eagle Agnico Eagle* AgriMinco* Aguila Amer Gd* Aguila Amer Gd Aiml Res* AJN Resources Alamos Gold Alamos Gold* Alcoa* Aldebaran Res* Aldebaran Res Alexandra Cap* Alexco Res Alexco Res* Alianza Min Alianza Min* Alien Metals* All American* Allegiant Gold Allegiant Gold* Alliance Mng Alliance Res* Allied Copper 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* Amilot Capital AmmPower AmmPower* Amseco Expl AMV Capital Anaconda Mng* Anaconda Mng Anacortes Mg Andean Prec Andean Prec* Andes Gold* Andover Mng* Anfield Energy* Anfield Energy Angel Gold* Angel Gold Angkor Gold* Angkor Res Anglo American* Anglo American* Anglo Pac Grp AngloGold Ash* AngloGold Ash* Angold Res* Angold Res Angus Gold* Angus Gold Antioquia Gold* Antioquia Gold Antler Gold * Antler Gold Antler Hill Antofagasta* Apex Res * Apogee Min Apollo Silver Apollo Silver* Appia Energy* Appia Energy Applied Min* Aquila Res* Aquila Res Arbor Metals Arch Resources* Archer Explor Archon Mineral Arcland Res ArcPacific Res Arctic Star Arctic Star* Arcturus Vent* Arcus Dev Grp Arcwest Explor

C 86 V 68 O 110 V 228 C 857 C 130 C 7 O 140 V 435 O 1534 V 1170 O 238 V 452 V 123 O 116 V 23 O 5 V 2308 O 1776 V 11 C 277 V 14 O 134 V 62 V 7408 C 137 V 586 O 182 V 346 V 267 O 0 O 1033 V 2330 V 110 O 904 T 4030 N 7674 O 15 O 7 V 193 O 47 C 135 T 4944 N 17778 N 46904 O 158 V 227 O 954 T 1031 X 4080 V 93 O 65 O 202 O 152130 V 218 O 146 V 9 D 4330 V 0 C 167 X 4541 T 176 O 126 V 264 T 242 O 70 O 1009 V 407 V 3852 O 800 V 2482 V 225 O 199 V 100 V 471 O 785 O 721 V 786 V 20 V 8 V 450 O 305 T 324 O 114 V 933 O 121 O 2 V 115 V 28 O 16 O 118 O 765 V 3218 V 70 O 1604222 V 252 O 240 V 436 O 283 O 78 O 739 V 1048 V 1389 O 191 V 512 O 5495 V 7236 O 2175 V 1424 C 2159 O 31 X 5379 T 1223 T 1079 O 271 O 3522 C 1722 V 269 O 72 V 0 C 991 O 1651 V 3 V 0 O 80 T 412 V 255 V 1552 O 19 O 0 O 50 O 4341 V 5006 O 11 V 47 O 3 V 82 O 30 O 1040 T 67 O 0 N 12798 O 0 V 252 O 23 V 24 O 1 V 11 O 2 V 95 V 0 O 5 O 1 V 5 V 806 O 122 O 920 C 1127 O 4743 O 800 T 1090 V 277 N 4150 C 4 V 0 V 0 V 520 V 3783 O 15 O 8 V 84 V 61

0.15 0.09 0.32 0.40 0.05 0.12 0.13 0.04 0.05 0.12 0.15 0.08 0.11 0.05 0.04 29.75 24.00 0.54 0.45 0.55 1.07 0.05 0.04 0.02 0.08 1.77 1.08 0.87 0.08 0.65 0.00 0.13 0.17 0.07 0.46 72.36 58.49 0.01 0.18 0.22 0.44 0.33 10.29 8.31 52.13 0.53 0.67 0.48 2.38 1.93 0.09 0.07 0.02 0.00 0.33 0.28 0.35 12.88 0.00 0.09 0.40 0.50 0.26 0.32 0.97 0.80 0.06 0.07 1.22 0.80 0.97 0.08 0.12 0.13 0.47 0.40 0.22 0.27 0.02 0.15 0.35 0.28 16.71 13.50 0.36 0.28 0.01 0.03 1.20 1.02 6.32 0.12 0.14 0.08 0.00 0.12 0.09 0.25 0.20 0.02 0.16 0.22 0.06 0.05 0.14 3.33 4.12 0.69 0.81 1.10 0.04 0.96 1.20 1.40 1.15 0.85 1.00 2.83 2.27 0.00 0.67 0.55 0.07 0.00 0.67 0.78 2.00 1.34 1.07 0.00 0.00 0.14 0.17 0.02 0.02 0.07 0.09 39.38 19.70 2.47 0.00 19.85 0.00 0.20 1.00 0.92 0.03 0.05 0.11 0.16 0.00 19.37 0.02 0.11 0.76 0.61 0.69 0.83 0.02 0.08 0.09 2.32 103.42 1.00 0.00 0.00 0.07 0.07 0.05 0.02 0.04 0.07

0.07 0.00 0.30 0.36 0.00 0.10 0.13 0.04 0.05 0.08 0.11 0.07 0.00 0.00 0.04 0.00 22.43 0.47 0.38 0.00 0.99 0.00 0.04 0.00 0.05 1.20 0.90 0.73 0.07 0.50 0.00 0.11 0.13 0.00 0.37 65.66 53.05 0.00 0.16 0.00 0.31 0.24 9.16 7.40 45.38 0.51 0.63 0.36 2.02 1.64 0.00 0.07 0.01 0.00 0.30 0.23 0.00 11.66 0.00 0.07 0.37 0.45 0.23 0.29 0.84 0.68 0.05 0.00 0.83 0.73 0.91 0.00 0.09 0.00 0.44 0.36 0.18 0.24 0.00 0.00 0.29 0.24 15.75 12.75 0.27 0.22 0.01 0.00 0.00 0.00 5.95 0.09 0.11 0.00 0.00 0.11 0.00 0.23 0.19 0.00 0.15 0.19 0.00 0.04 0.12 2.37 2.94 0.59 0.73 0.86 0.00 0.90 1.12 1.28 1.03 0.70 0.86 2.59 2.10 0.00 0.52 0.42 0.00 0.00 0.56 0.67 1.80 1.20 1.02 0.00 0.00 0.11 0.13 0.01 0.00 0.06 0.08 0.00 18.90 2.22 0.00 18.47 0.00 0.18 0.69 0.00 0.00 0.00 0.11 0.00 0.00 0.00 0.02 0.00 0.68 0.55 0.55 0.67 0.02 0.00 0.08 2.22 87.02 0.00 0.00 0.00 0.00 0.05 0.00 0.02 0.00 0.00

0.07 0.08 unch 0.31 + 0.37 unch 0.05 + 0.11 0.13 0.04 + 0.05 unch 0.11 + 0.13 + 0.08 + 0.10 + 0.05 unch 0.04 28.25 22.49 0.51 0.41 0.44 + 1.04 0.05 unch 0.04 0.02 + 0.06 1.44 0.97 0.78 0.08 unch 0.53 0.09 unch 0.12 0.15 0.07 0.38 65.69 53.05 0.01 + 0.16 0.19 0.36 0.25 9.18 7.44 45.95 0.51 0.64 0.37 2.04 1.67 0.09 0.07 0.01 + 0.00 0.31 0.25 0.35 11.86 + 0.41 unch 0.07 0.37 0.45 0.24 0.30 unch 0.94 + 0.75 + 0.05 unch 0.06 + 1.17 + 0.75 0.93 0.08 + 0.09 0.11 0.45 0.36 0.20 + 0.26 + 0.02 0.14 0.31 0.25 15.81 12.75 0.28 0.23 0.01 unch 0.03 unch 1.19 + 1.02 + 5.99 0.10 0.12 0.08 0.00 0.11 0.09 0.24 + 0.19 + 0.02 0.16 + 0.19 unch 0.05 0.04 + 0.13 3.23 + 4.00 + 0.65 + 0.81 + 1.09 + 0.03 + 0.93 + 1.16 + 1.30 1.06 0.79 + 0.97 + 2.78 + 2.21 + 0.04 unch 0.57 0.46 0.07 unch 0.12 unch 0.56 0.69 1.80 1.26 1.03 + 0.00 unch 0.00 unch 0.11 0.13 0.01 0.02 + 0.06 0.09 unch 39.29 + 19.15 2.41 16.50 unch 18.48 0.15 unch 0.19 + 0.71 0.87 0.03 + 0.05 + 0.11 unch 0.16 0.18 unch 19.37 0.02 unch 0.11 0.72 unch 0.55 0.55 0.69 0.02 0.07 + 0.09 + 2.31 + 91.08 1.00 + 0.20 unch 0.17 unch 0.07 unch 0.07 + 0.05 0.02 unch 0.04 + 0.07 unch

0.09 0.15 0.07 0.00 0.11 0.05 0.01 0.59 0.22 0.00 0.72 0.28 0.01 0.23 0.04 0.01 0.25 0.10 0.01 0.16 0.08 0.00 0.11 0.04 0.00 0.11 0.05 0.02 0.18 0.07 0.02 0.24 0.09 0.01 0.16 0.07 0.01 0.20 0.09 0.00 0.09 0.05 0.00 0.07 0.04 0.79 29.75 20.05 0.98 24.00 15.48 0.02 0.82 0.28 0.02 0.68 0.21 0.02 3.00 0.42 0.04 1.34 0.31 0.00 0.12 0.05 0.00 0.10 0.04 0.01 0.04 0.01 0.01 0.16 0.05 0.01 2.09 0.15 0.07 1.34 0.80 0.06 1.06 0.62 0.00 0.40 0.07 0.08 1.00 0.44 0.00 0.22 0.08 0.00 0.24 0.01 0.02 0.21 0.11 0.02 0.18 0.06 0.06 1.37 0.29 4.98 109.99 62.28 4.08 84.43 49.20 0.00 0.13 0.00 0.00 0.53 0.14 0.02 0.67 0.19 0.04 0.79 0.31 0.03 0.45 0.15 0.71 13.34 8.83 0.56 10.21 6.94 3.30 57.57 12.15 0.02 0.70 0.24 0.01 0.74 0.33 0.01 1.45 0.13 0.27 4.38 1.81 0.21 3.45 1.41 0.01 0.25 0.07 0.00 0.19 0.05 0.00 0.04 0.01 0.00 0.02 0.00 0.02 0.56 0.23 0.02 0.46 0.18 0.17 1.15 0.20 0.23 12.90 3.06 0.00 0.68 0.23 0.01 0.23 0.05 0.00 1.24 0.36 0.04 1.60 0.46 0.01 0.27 0.14 0.00 0.36 0.20 0.04 1.30 0.58 0.03 1.07 0.40 0.00 0.13 0.01 0.01 0.08 0.04 0.36 1.16 0.45 0.02 0.81 0.14 0.03 1.00 0.18 0.01 0.10 0.06 0.02 0.13 0.02 0.01 0.19 0.01 0.02 0.80 0.15 0.01 0.79 0.12 0.00 0.42 0.11 0.01 0.47 0.13 0.01 0.05 0.01 0.01 0.22 0.10 0.02 0.50 0.19 0.01 0.36 0.15 0.45 19.39 10.45 0.36 16.00 7.91 0.05 0.43 0.09 0.04 0.34 0.08 0.00 0.50 0.00 0.00 0.05 0.01 0.04 1.66 0.88 0.08 1.29 0.69 0.18 6.99 3.90 0.02 0.12 0.03 0.03 0.15 0.05 0.01 0.10 0.03 0.00 0.01 0.00 0.01 0.20 0.05 0.01 0.16 0.03 0.01 0.37 0.20 0.00 0.30 0.16 0.00 0.08 0.01 0.00 0.35 0.13 0.00 0.44 0.16 0.01 0.10 0.03 0.00 0.08 0.02 0.01 0.40 0.10 0.86 3.32 0.77 1.06 4.21 1.04 0.04 2.25 0.14 0.06 2.86 0.19 0.10 1.20 0.13 0.00 0.06 0.01 0.02 3.46 0.68 0.03 4.40 0.85 0.10 1.61 0.50 0.07 1.35 0.37 0.02 1.00 0.53 0.03 1.25 0.14 0.05 4.19 2.07 0.01 3.26 1.65 0.00 0.08 0.04 0.09 2.15 0.41 0.07 1.90 0.33 0.00 0.12 0.04 0.00 0.26 0.11 0.06 0.85 0.39 0.08 1.05 0.50 0.20 2.50 1.50 0.04 2.03 0.92 0.07 1.44 0.77 0.00 0.02 0.00 0.00 0.07 0.00 0.02 0.18 0.03 0.03 0.23 0.05 0.01 0.03 0.01 0.01 0.04 0.02 0.00 0.08 0.03 0.00 0.12 0.05 2.09 49.42 24.37 0.07 24.75 11.52 0.03 2.90 1.75 0.00 25.28 15.45 1.04 28.00 14.57 0.00 0.34 0.15 0.01 0.53 0.18 0.04 1.25 0.43 0.05 1.28 0.54 0.00 0.06 0.03 0.01 0.07 0.04 0.00 0.55 0.08 0.01 0.30 0.09 0.00 0.88 27.80 13.04 0.00 0.13 0.01 0.02 0.14 0.10 0.00 1.15 0.38 0.04 1.00 0.33 0.02 1.00 0.22 0.05 1.22 0.29 0.00 0.14 0.01 0.01 0.11 0.04 0.01 0.14 0.06 0.08 2.63 1.70 4.41 105.58 27.86 0.49 1.00 0.08 0.00 0.40 0.17 0.00 0.38 0.14 0.00 0.25 0.06 0.01 0.29 0.03 0.00 0.24 0.02 0.00 0.10 0.00 0.01 0.04 0.02 0.00 0.15 0.07

(100s) Stock

Exc Volume

Week Low

0.05 0.05 0.26 0.34 + 0.32 0.42 + 0.34 0.40 + 0.44 0.50 + 0.00 0.15 0.00 0.20 + 0.13 0.15 + 0.00 0.12 + 2.51 2.53 3.12 3.14 0.00 0.00 unch 0.45 0.46 0.36 0.38 1.51 1.53 0.07 0.08 0.09 0.09 4.19 4.30 3.39 3.50 0.18 0.19 + 0.23 0.23 unch 0.00 0.56 + 4.82 4.84 5.95 6.07 0.00 1.13 1.25 1.30 0.00 0.70 + 0.00 0.19 0.00 0.24 unch 0.95 0.97 1.20 1.20 0.00 0.02 0.00 0.20 unch 0.00 0.00 0.03 0.03 0.00 0.04 0.08 0.09 0.11 0.11 0.49 0.49 0.02 0.02 + 6.40 7.09 + 0.16 0.18 + 0.19 0.21 + 0.14 0.14 0.20 0.20 unch 0.45 0.45 0.56 0.57 1.21 1.47 + 0.88 1.20 + 0.15 0.15 0.00 0.19 + 1.38 1.55 + 1.13 1.25 + 0.13 0.13 unch 11.70 12.26 + 9.54 9.84 + 1.09 1.10 1.34 1.37 0.62 0.63 0.50 0.51 0.20 0.26 + 0.00 0.18 unch 0.00 0.35 0.29 0.29 0.66 0.75 + 0.84 0.96 + 0.00 0.06 unch 0.12 0.13 0.00 0.84 unch 0.00 0.11 0.02 0.02 0.00 0.08 unch 0.08 0.09 0.00 0.10 1.21 1.37 + 1.41 1.68 + 0.09 0.09 + 0.11 0.12 + 0.03 0.03 unch 0.07 0.07 0.09 0.09 unch 0.91 0.95 + 1.12 1.18 + 0.07 0.07 0.00 0.08 0.00 0.04 0.06 0.07 unch 0.00 0.06 + 6.22 7.46 0.00 0.05 + 0.00 0.06 unch 0.61 0.63 0.50 0.51 1.75 1.88 + 0.00 1.46 0.06 0.07 0.08 0.08 0.27 0.27 0.22 0.22 0.00 0.00 unch 0.10 0.11 + 0.08 0.08 -

Arcwest Explor* Arena Min* Arena Min Argentina Lith* Argentina Lith Argentum Silvr* Argentum Silvr Argo Gold Argo Gold* Argonaut Gold* Argonaut Gold Arian Res* Arianne Phosph Arianne Phosph* Aris Gold Arizona Gold* Arizona Gold Arizona Metals Arizona Metals* Arizona Silver* Arizona Silver Armor Min 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* AUQ Gold* Aura Minerals Aura Minerals* Aurania Res* Aurania Res Aurcana Silver Aurcana Silver* AurCrest Gold AurCrest Gold* Aurelius Min Aurelius Min* Aurion Res * Aurion Res Aurora Royal Aurwest Res 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*

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

36 3164 8973 1820 5141 1 20 236 1 388 4128 0 1244 468 206 906 1329 1892 1188 204 319 3 93 561 8 767 1 103 127 768 389 103 0 74 382 50 357 868 154 5813 45 40 306 54 50 70 216 5844 167 1 54 173 48 1 238 3 74 279 831 1506 474 0 109 48 326 2462 0 237 15 2 958 0 245 44 83 465 1023 1188 68 88 609 2077 170 10 112 21 93 15 45 19 230 2690 838 141 15 1577 5385 295 73 309 130 293

0.06 0.36 0.45 0.45 0.54 0.15 0.20 0.16 0.12 2.90 3.45 0.00 0.54 0.44 1.63 0.08 0.10 4.70 3.81 0.20 0.25 0.66 5.42 6.71 1.20 1.46 0.70 0.21 0.26 1.08 1.28 0.03 0.00 0.05 0.04 0.05 0.10 0.12 0.52 0.02 7.20 0.18 0.22 0.17 0.20 0.53 0.62 1.67 1.71 0.15 0.19 1.60 1.26 0.13 12.83 10.18 1.20 1.49 0.67 0.55 0.26 0.00 0.45 0.35 0.86 1.07 0.00 0.14 1.00 0.11 0.02 0.00 0.10 0.12 1.37 1.69 0.10 0.12 0.03 0.07 0.10 0.96 1.19 0.07 0.09 0.04 0.08 0.06 8.00 0.05 0.06 0.70 0.57 1.92 1.54 0.08 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 Batero Gold Batero Gold* Bathurst Met Battery Min Bayhorse Silvr* Bayhorse Silvr BC Moly * BC Moly BCM Res* BCM Res BE Res Bear Creek Mng Bear Creek Mng* Bearclaw Cap Bearing Lith Bearing Lith* Beauce Gold Bell Copper Bell Copper* Belmont Res* Belmont Res Belo Sun Mng Belo Sun Mng* BeMetals * BeMetals Benchmark Met* Benchmark Met Benjamin Hill Benjamin Hill* Benton Res* Benton Res Benz Mining Benz Mining* Bessor Min Bessor Min* Bird River Res Bitterroot Res* Bitterroot Res Black Hills* Black Iron* Black Iron Black Mammoth Black Mountain Black Mountain* Black Shield Black Tusk Res Black Tusk Res*

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

35745 18259 126 185 0 1365 1104 3387 451 71 97 237 193 52 15472 78936 17 43 1760 612 869 1947 20 5 495 83 355 388 5 10 3 117 0 1102 395 0 428 89 268 451 104 0 413 411 1836 11 30 76 210 412 200 193 212 87 50 24 28 242 676 1552 2635 208 675 0 65 24 19 873 70

4.50 5.58 0.15 0.05 0.00 0.18 0.15 0.28 0.30 0.24 0.35 0.43 0.21 0.17 24.46 19.77 0.50 0.61 0.11 0.09 0.98 1.22 0.08 0.06 0.10 0.50 0.12 0.14 0.18 0.15 0.14 0.16 0.00 1.94 1.59 0.00 0.36 0.28 0.11 0.19 0.15 0.00 0.07 0.68 0.55 0.22 0.27 0.90 1.11 0.50 0.39 0.17 0.20 0.70 0.57 0.08 0.07 0.16 0.06 0.08 67.28 0.24 0.29 0.00 0.31 0.26 0.75 0.04 0.02

Last

12-month

High

Change

Stock

0.01 0.02 0.03 0.00 0.01 0.01 0.04 0.01 0.01 0.12 0.12 0.00 0.03 0.02 0.07 0.00 0.01 0.40 0.31 0.01 0.00 0.01 0.25 0.19 0.03 0.11 0.02 0.00 0.00 0.02 0.04 0.01 0.00 0.04 0.00 0.01 0.01 0.02 0.01 0.00 0.48 0.03 0.02 0.02 0.00 0.05 0.03 0.14 0.13 0.00 0.01 0.11 0.07 0.00 0.26 0.08 0.09 0.10 0.02 0.02 0.04 0.00 0.03 0.00 0.14 0.20 0.00 0.01 0.00 0.02 0.00 0.00 0.01 0.02 0.18 0.28 0.00 0.01 0.00 0.00 0.00 0.04 0.04 0.00 0.03 0.01 0.00 0.00 0.03 0.01 0.00 0.06 0.05 0.02 0.04 0.00 0.01 0.01 0.01 0.00 0.01 0.00

0.11 0.36 0.44 0.77 0.96 0.27 0.35 0.26 0.19 2.91 3.45 0.40 0.60 0.50 3.29 0.12 0.16 5.55 4.53 0.33 0.41 0.89 5.96 7.21 1.20 1.50 0.70 0.55 0.34 1.33 1.63 0.06 0.25 0.09 0.05 0.06 0.23 0.30 0.65 0.05 7.20 0.27 0.34 0.23 0.20 0.65 0.78 1.67 1.87 0.30 0.38 3.60 2.79 0.44 17.50 14.31 3.22 4.10 1.25 0.99 0.33 0.25 0.85 0.51 1.06 1.31 0.10 0.22 1.00 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 0.16 0.15 0.15 0.09 0.07 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

0.05 0.01 0.02 0.04 0.07 0.13 0.15 0.12 0.09 1.50 1.90 0.00 0.13 0.10 1.25 0.07 0.08 0.55 0.46 0.13 0.17 0.55 3.40 4.86 0.06 0.08 0.46 0.06 0.08 0.67 0.84 0.02 0.13 0.00 0.03 0.04 0.08 0.11 0.48 0.01 2.85 0.08 0.12 0.04 0.20 0.29 0.39 0.07 0.48 0.00 0.16 1.11 0.92 0.13 11.30 9.06 1.09 1.34 0.60 0.49 0.05 0.04 0.22 0.18 0.43 0.65 0.04 0.04 0.17 0.01 0.01 0.08 0.05 0.09 0.00 0.17 0.08 0.07 0.02 0.07 0.09 0.77 0.98 0.06 0.06 0.04 0.05 0.04 2.11 0.04 0.05 0.16 0.12 0.78 0.60 0.01 0.02 0.25 0.20 0.00 0.07 0.06

Blackrock Silv* Blackrock Silv Blackwolf Cop Blackwolf Cop* Blind Creek BLOX Inc* Blue Lagoon Blue Lagoon* Blue Moon* Blue Moon Blue River Res Blue River Res* Blue Sky Uran* Blue Sky Uran Blue Star Gold Blue Thunder BlueBird Batt* BlueBird Batt Bluejay Mining* Bluestone Res Bluestone Res* BMEX Gold BMEX Gold* 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 2569 V 1394 V 340 O 42 V 1703 O 932 C 403 O 335 O 55 V 185 V 585 O 221 O 1465 V 1666 V 44 V 1131 O 55 V 285 O 933 V 1302 O 72 V 41 O 30 V 41 O 3 C 1 O 112466 C 132 V 160 O 573 V 528 O 10271 O 31 V 32 C 36 V 663 O 288 V 576 O 167 O 0 O 44372 O 301 V 1721 O 375 O 1969 O 675 V 583 O 32 V 24 O 182 O 65 V 325 N 12203 O 0 V 220 V 0 O 11 C 139 C 0 O 100 V 3

0.20 0.26 0.01 0.00 0.00 0.01 0.01 0.02 0.01 0.01 0.03 0.02 0.01 0.00 1.39 1.11 0.05 0.02 0.01 0.00 0.03 0.03 0.01 0.01 0.04 0.04 0.00 0.01 0.00 0.00 0.02 0.01 0.00 0.18 0.13 0.00 0.01 0.01 0.01 0.00 0.01 0.00 0.01 0.04 0.04 0.01 0.01 0.06 0.08 0.04 0.03 0.01 0.02 0.02 0.00 0.03 0.01 0.01 0.01 0.02 0.05 0.01 0.03 0.00 0.01 0.01 0.10 0.00 0.00

7.08 9.23 0.20 0.16 0.44 0.71 1.12 0.33 0.32 0.35 0.57 0.70 0.42 0.31 38.76 29.60 0.66 0.82 0.22 0.17 1.23 1.54 0.16 0.13 0.26 0.90 0.25 0.26 0.18 0.15 0.22 0.30

3.30 4.21 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 0.23 0.30 0.06 0.05 0.09 0.39 0.06 0.08 0.04 0.06 0.04 0.06

3.37 2.65 0.60 0.44 0.35 0.44 0.45 0.32 0.15 0.11 1.34 1.00 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 0.26 0.75 0.51 0.75 0.09 0.08

0.92 0.74 0.15 0.14 0.10 0.10 0.12 0.09 0.00 0.05 0.39 0.32 0.20 0.23 0.62 0.83 0.31 0.20 0.10 0.14 0.59 0.46 0.04 0.03 0.04 0.04 0.06 56.31 0.08 0.10 0.07 0.28 0.22 0.11 0.02 0.01

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 Prem* Canadian Silv Canagold Res* Canagold Res CanAlaska Uran* CanAlaska Uran Canamera Energ Canasil Res Candelaria Mg Candelaria Mg* Candente Coppr Candente Gold Candente Gold* CANEX Metals CANEX Metals * CaNickel Mng* CaNickel Mng Canoe Mng Vent Canoe Mng Vent* Canstar Res* Canstar Res Canterra Min* Canterra Min Cantex Mn Dev Cantex Mn Dev* Canuc Res Canuc Res* Capella Min* Capella Min Capitan Mining Capitan Mining* Capstone Mng Cardero Res* Cardero Res Cariboo Rose Carlin Gold Carlyle Comm* Carrara Explor Cartier Iron Cartier Res* Cartier Res Casa Minerals Casa Minerals * Cascada Silver Cascadero Copp Cassiar Gold Cassius Vents Castle Peak Mg CAT Strategic CAT Strategic* CAVU Mining* CAVU Mining 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 Bear Champion Iron*

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

B 4.11 4.14 5.10 5.11 0.13 0.13 0.00 0.05 unch 0.00 0.13 unch 0.14 0.16 0.11 0.13 0.23 0.24 0.28 0.28 0.22 0.23 0.30 0.30 0.37 0.40 0.19 0.20 0.14 0.17 + 22.71 22.71 18.37 18.37 0.45 0.50 + 0.00 0.60 + 0.10 0.10 + 0.07 0.08 + 0.84 0.90 1.03 1.11 0.00 0.07 0.05 0.05 0.00 0.09 0.45 0.45 0.09 0.11 0.12 0.13 0.18 0.18 unch 0.00 0.10 unch 0.13 0.13 0.00 0.16 + 0.00 0.20 unch 1.71 1.74 1.23 1.43 0.00 0.24 unch 0.31 0.33 0.26 0.26 0.10 0.11 0.17 0.17 unch 0.12 0.14 0.00 0.06 unch 0.00 0.07 0.59 0.60 0.48 0.49 0.21 0.22 0.00 0.26 0.81 0.81 1.00 1.00 0.00 0.46 + 0.32 0.36 + 0.15 0.15 0.18 0.19 0.00 0.63 0.52 0.54 + 0.00 0.06 0.06 0.06 0.00 0.14 0.05 0.05 0.06 0.07 65.58 66.38 + 0.22 0.23 0.26 0.27 0.00 0.12 unch 0.28 0.31 0.00 0.24 0.00 0.75 + 0.03 0.03 unch 0.02 0.02 -

(100s)

High Low

Exc Volume

Week High

Low

Last

0.86 1.06 0.80 0.65 0.12 0.00 0.49 0.42 0.04 0.05 0.03 0.02 0.25 0.31 0.68 0.04 0.07 0.08 0.17 1.79 1.46 0.17 0.12 0.10 0.25 0.28 0.03 0.09 1.25 0.13 0.16 0.01 0.03 0.04 0.49 0.06 0.05 0.09 0.08 0.10 0.01 0.05 0.07 0.06 0.04 0.14 0.17 0.46 0.17 0.03 0.07 0.08 9.18 0.03 0.04 0.00 0.07 0.24 0.00 0.18 0.03

0.75 0.93 0.65 0.54 0.09 0.00 0.45 0.36 0.03 0.00 0.02 0.02 0.21 0.26 0.60 0.04 0.00 0.07 0.15 1.65 1.32 0.00 0.12 0.00 0.22 0.00 0.01 0.08 1.14 0.12 0.15 0.00 0.02 0.00 0.36 0.00 0.04 0.08 0.06 0.00 0.01 0.04 0.05 0.04 0.03 0.12 0.16 0.31 0.00 0.02 0.06 0.08 7.77 0.00 0.00 0.00 0.06 0.22 0.00 0.05 0.00

0.82 1.01 0.70 0.54 0.09 0.00 0.46 0.38 0.04 0.04 0.02 0.02 0.22 0.27 0.63 0.04 0.06 0.07 0.15 1.65 1.34 0.17 0.12 0.10 0.22 0.28 0.01 0.09 1.19 0.13 0.15 0.00 0.02 0.03 0.45 0.05 0.04 0.09 0.07 0.10 0.01 0.05 0.05 0.04 0.04 0.13 0.16 0.41 0.17 0.03 0.06 0.08 7.88 0.03 0.03 0.08 0.06 0.24 0.50 0.17 0.03

12-month Change

High Low

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

0.08 0.10 0.10 0.12 0.01 0.00 0.03 0.02 0.00 0.01 0.00 0.00 0.01 0.01 0.04 0.00 0.00 0.00 0.01 0.05 0.04 0.01 0.00 0.00 0.05 0.05 0.02 0.01 0.05 0.00 0.01 0.00 0.00 0.01 0.10 0.01 0.00 0.01 0.01 0.00 0.00 0.00 0.02 0.01 0.00 0.00 0.00 0.04 0.00 0.00 0.00 0.00 0.79 0.01 0.01 0.00 0.00 0.00 0.00 0.03 0.00

1.03 1.22 1.51 1.75 0.17 0.05 0.95 0.72 0.08 0.09 0.03 0.02 0.29 0.37 1.05 0.15 0.26 0.33 0.24 2.16 1.71 0.81 0.65 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 0.28 0.35 1.05 0.29 0.06 0.19 0.21 13.28 0.04 0.06 0.45 0.20 0.61 0.53 0.60 0.08

0.49 0.62 0.56 0.00 0.07 0.00 0.45 0.36 0.03 0.04 0.01 0.00 0.06 0.09 0.55 0.04 0.05 0.07 0.11 1.28 1.01 0.13 0.11 0.05 0.18 0.23 0.00 0.05 0.79 0.12 0.15 0.00 0.02 0.03 0.16 0.05 0.04 0.07 0.05 0.07 0.00 0.03 0.05 0.01 0.00 0.10 0.13 0.26 0.13 0.01 0.05 0.07 6.11 0.00 0.01 0.07 0.06 0.17 0.20 0.02 0.02

0.18 0.18 0.17 0.18 + 0.00 0.20 unch 0.27 0.29 0.34 0.36 0.02 0.02 12.27 12.39 1.47 1.48 1.10 1.18 0.00 0.13 2.37 2.78 + 3.09 3.45 + 23.41 24.30 29.00 30.07 0.10 0.10 0.00 0.09 + 0.00 0.07 unch 0.00 0.04 unch 0.08 0.09 + 0.07 0.08 + 2.77 2.92 + 2.25 2.35 + 0.00 0.12 unch 0.07 0.07 unch 0.06 0.06 0.14 0.15 0.18 0.19 0.00 0.16 unch 0.20 0.24 + 0.35 0.38 0.30 0.30 unch 0.00 0.05 0.36 0.36 + 0.44 0.45 0.51 0.52 0.62 0.67 0.34 0.35 0.12 0.12 0.44 0.44 0.37 0.37 0.16 0.17 + 0.00 0.06 0.00 0.05 unch 0.00 0.13 unch 0.00 0.10 0.00 0.11 unch 0.00 0.12 0.00 0.16 + 0.00 0.17 + 0.22 0.25 + 0.27 0.30 + 0.00 0.23 0.27 0.28 0.40 0.42 0.34 0.34 0.00 0.18 + 0.14 0.14 unch 0.06 0.07 0.09 0.10 + 0.22 0.22 0.17 0.18 5.06 5.19 0.06 0.08 + 0.00 0.10 + 0.00 0.06 unch 0.00 0.04 unch 0.00 0.05 + 0.02 0.02 0.12 0.12 + 0.17 0.17 0.21 0.21 0.00 0.15 unch 0.10 0.10 0.04 0.04 0.00 0.02 unch 0.48 0.60 + 0.00 0.09 unch 0.00 0.02 unch 0.04 0.05 + 0.04 0.04 0.34 0.35 0.43 0.43 0.00 0.58 unch 0.00 0.18 0.07 0.07 unch 0.06 0.06 + 0.00 0.00 1.60 1.60 0.00 0.00 unch 9.23 9.28 0.00 0.20 + 0.00 0.15 unch 0.00 0.07 + 0.00 0.07 unch 0.02 0.03 0.00 0.21 1.49 1.69 + 0.23 0.26 + 0.28 0.31 + 0.02 0.02 unch 0.02 0.02 unch 0.00 0.60 unch 0.12 0.14 + 0.15 0.18 + 0.33 0.35 unch 0.27 0.28 5.12 5.12 0.08 0.08 unch 0.08 0.09 3.32 3.44 -

0.03 0.01 0.00 0.02 0.01 0.00 0.55 0.23 0.20 0.05 0.40 0.50 1.63 1.99 0.01 0.01 0.00 0.00 0.01 0.01 0.12 0.11 0.00 0.00 0.01 0.01 0.01 0.00 0.02 0.02 0.00 0.01 0.01 0.01 0.08 0.07 0.15 0.01 0.05 0.05 0.02 0.01 0.00 0.00 0.01 0.00 0.03 0.03 0.05 0.02 0.02 0.00 0.01 0.05 0.02 0.01 0.00 0.00 0.01 0.01 0.00 0.41 0.03 0.01 0.00 0.00 0.00 0.01 0.01 0.02 0.02 0.00 0.04 0.01 0.00 0.08 0.00 0.00 0.01 0.01 0.03 0.04 0.00 0.00 0.00 0.00 0.00 0.07 0.00 0.64 0.02 0.00 0.02 0.00 0.00 0.02 0.07 0.03 0.02 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.03 0.00 0.01 0.05

0.48 0.19 0.25 0.69 0.88 0.39 18.58 2.80 2.40 0.21 5.26 6.50 27.42 33.92 0.30 0.22

0.06 0.05 0.07 0.27 0.34 0.01 11.28 1.26 0.92 0.12 1.65 2.09 9.01 11.84 0.09 0.07

0.12 0.28 0.22 4.54 3.68 0.12 0.22 0.18 0.60 0.77 0.30 0.45 0.60 0.53 0.13 0.78 0.95 0.68 0.84 0.50 0.18 0.68 0.52 0.27 0.09 0.07 0.22 0.16 0.22 0.31 0.24 0.15 0.51 0.61 0.37 0.50 1.26 0.94 0.40 0.32 0.10 0.12 0.42 0.35 6.64 0.09 0.11 0.09 0.07 0.18 0.05 0.19 0.31 0.37 0.35 0.27 0.20 0.05 0.77 0.17 0.04 0.10 0.15 1.18 0.63 5.00 1.00 0.19 0.16 0.15 2.42 0.08 16.00 0.36 0.23 0.10

0.01 0.07 0.00 1.82 1.20 0.04 0.05 0.03 0.14 0.18 0.00 0.07 0.14 0.12 0.04 0.31 0.11 0.14 0.19 0.25 0.09 0.43 0.34 0.08 0.05 0.02 0.09 0.07 0.09 0.09 0.13 0.00 0.15 0.19 0.17 0.15 0.40 0.34 0.15 0.13 0.04 0.07 0.20 0.11 1.54 0.02 0.04 0.05 0.03 0.04 0.02 0.08 0.16 0.21 0.11 0.07 0.03 0.02 0.35 0.07 0.01 0.03 0.00 0.25 0.10 0.55 0.09 0.07 0.06 0.00 1.56 0.00 8.21 0.14 0.11 0.04

0.15 0.40 1.78 0.35 0.49 0.04 0.04 0.60 0.49 0.62 0.64 0.52 7.21 0.11 0.15 5.82

0.01 0.12 0.93 0.19 0.23 0.01 0.02 0.47 0.09 0.12 0.28 0.22 1.65 0.05 0.08 2.21

C 318 349 997 281 1080 219 73 7152 522 111 261 296 32930 7334 478 21 0 1 339 265 1212 210 0 465 385 686 3370 0 104 55 1 520 100 150 321 646 57 834 58 1 466 267 0 106 15 1 19 54 1 197 492 16 114 442 1 111 4 96 372 443 226 7252 8 268 51 73 5 1165 56 296 689 265 349 762 39 1256 0 65 6278 741 43 72 0 42 1217 827 95 95 5 2020 196 2 99 0 21 24 235 31 1075 0 13 0 539 1375 360 543 68 180 132 965

0.22 0.18 0.22 0.30 0.37 0.03 13.19 1.65 1.56 0.15 3.08 3.80 27.09 33.49 0.12 0.09 0.00 0.04 0.11 0.09 3.25 2.60 0.00 0.08 0.07 0.16 0.20 0.00 0.24 0.40 0.30 0.06 0.39 0.47 0.61 0.76 0.50 0.14 0.49 0.42 0.18 0.07 0.00 0.13 0.10 0.11 0.13 0.16 0.17 0.27 0.33 0.23 0.28 0.50 0.38 0.20 0.15 0.08 0.10 0.24 0.21 5.90 0.08 0.10 0.06 0.04 0.05 0.03 0.12 0.20 0.24 0.18 0.15 0.04 0.03 0.60 0.00 0.02 0.06 0.05 0.38 0.47 0.00 0.18 0.08 0.07 0.00 1.69 0.00 10.05 0.21 0.15 0.07 0.00 0.03 0.25 1.70 0.26 0.34 0.02 0.02 0.00 0.15 0.19 0.37 0.30 5.24 0.08 0.10 3.67

(100s) Stock

Exc Volume

Champion Iron Chatham Rock 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 Compliance Egy* Comstock Mng* Comstock Mtls Comstock Mtls * Condor Gold Condor Gold* Condor Res* Condor Res Conquest Res * Conquest Res Cons Uranium* Cons Uranium Cons Woodjam CONSOL Energy* CONSOL Energy* Constantine Mt* Constantine Mt Contact Gold* Contact Gold Contact Mnrls* CopAur Min CopAur Min* Copper Fox Mtl* Copper Fox Mtl Copper Lake Rs Copper Mtn Mng* Copper Mtn Mng Copper One * Copperbank Res Copperbank Res* Cordoba Mnls* Cordoba Mnls Core Assets Cornerstone Ca* Cornerstone Ca Corsa Coal * Corsa Coal Cortus Metals Corvus Gold* Corvus Gold CoTec Holdings Crest Resource Crest Resource* Crestview Expl Critical Elem* Critical Elem Cross River Crown Mining Crown Mining* Cruz Battery* Cruz Battery Currie Rose Rs CWN M’g Acq Cyntar Venture Cypress Dev* Cypress Dev

6211 T 72 V 25 O 47 V N 48358 405 V 97 O 344 V 58 T 5 V 5559 D 204 C 454 O 782 C 105 C 1402 V 4 O 50 V N 138046 0 V 423 O 0 V 830 V 281 O 976 C 327 V 521 O 612 V N 22404 239 O 272 V 3 O 23 O 163 V 3679 V 0 V 176 V 125 O 425 V 120 O 58 V 0 O 2741 X 45 V 21 O 14 T 5 O 111 O 618 V 1218 O 515 V 226 O 507 V 313 V 2282 N N 21561 369 O 940 V 33 O 135 V 100 O 185 V 68 O 178 O 513 V 2815 V 609 O 5380 T 153 O 566 C 271 O 24 O 124 V 377 C 5 O 98 V 225 O 235 V 156 V 504 D 620 T 16 V 662 C 101 O 135 C 180 O 1394 V 149 C 712 V 140 O 577 O 4694 C 141 V 0 V 65 C 950 O 1627 V

Dajin Lithium* Dajin Res Damara Gold* Damara Gold Danakali* Decade Res Decade Res* Deep-South Res Deep-South Res* DeepRock Min Defense Metals* Defense Metals Defiance Silvr* Defiance Silvr Delrand Res Denarius Silv Denison Mines Denison Mines* Desert Gold Desert Gold* Desert Mtn Egy Diamante Min* Diamcor Mng* Diamcor Mng Diamond Disc* Diamond Fields Dios Expl Discovery Harb* Discovery Harb Discovery Min* Discovery Silv Discovery Silv* Discovery-Corp District Cop District Cop* District Metal* District Metal District Mines Ditem Explor* Dixie Gold DNI Metals* Dolat Ventures* Dolly Vard Sil* Dolly Vard Sil Dore Copper Doubleview Gld Doubleview Gld* DRDGOLD* Dundee Prec Mt Durango Res* Durango Res Duro Metals DV Resources Dynacor Gld Mn Dynacor Gld Mn* DynaResource* Dynasty Gold Dynasty Gold* E2Gold Inc E2Gold Inc* E3 Metals* E3 Metals E79 Resources* E79 Resources Eagle Graphite* Eagle Graphite Eagle Plains Earl Res East Africa * East Africa Eastern Platin Eastern Platin* Eastfield Res* Eastfield Res

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

Week High

Low

Last

12-month Change

4.04 4.21 4.57 + 0.00 0.17 0.17 2.95 2.97 3.23 3.59 3.59 3.89 + 115.29 111.58 114.49 + 0.18 0.23 0.23 0.14 0.16 0.17 + 0.19 0.21 0.22 3.51 3.57 3.85 0.00 0.30 0.30 7.43 7.86 9.25 0.00 0.17 0.18 0.19 0.20 0.26 0.24 0.26 0.33 0.18 0.19 0.20 + 0.21 0.24 0.25 + 0.18 0.19 0.20 0.00 0.15 0.15 + 26.51 23.87 24.11 0.00 0.09 unch 0.00 + 0.14 0.20 0.24 0.00 0.05 unch 0.00 0.10 0.10 0.13 0.08 0.08 0.10 0.34 0.35 0.40 0.00 0.11 0.11 0.03 0.03 0.04 0.04 0.05 0.05 5.93 6.33 6.96 0.07 0.07 0.08 0.09 0.09 unch 0.10 + 2.25 2.25 2.25 0.08 0.08 0.08 + 0.00 0.11 0.11 2.42 3.00 3.73 0.00 3.75 unch 0.00 + 0.00 0.17 0.17 0.13 0.13 unch 0.13 + 0.19 0.20 0.21 0.16 0.16 0.17 + 0.00 0.17 0.18 0.00 0.00 unch 0.00 2.22 2.23 2.48 0.00 0.08 unch 0.09 + 0.06 0.07 0.07 + 0.00 0.68 0.71 0.53 0.53 0.55 0.13 0.13 0.16 0.16 0.18 0.20 0.06 0.07 0.09 0.00 0.09 0.10 2.20 2.30 2.67 2.72 2.85 3.24 0.00 0.12 unch 0.12 31.41 26.85 27.51 16.08 14.55 14.61 + 0.26 0.27 0.29 + 0.30 0.33 0.35 0.00 0.04 0.04 0.05 0.06 unch 0.06 0.05 0.05 0.08 + 1.04 1.10 1.12 + 0.84 0.87 0.91 0.21 0.22 0.27 0.26 0.28 0.32 0.08 0.08 0.10 2.85 3.05 3.28 3.80 3.58 3.98 + 0.03 0.05 0.05 + 0.78 0.82 0.82 + 0.59 0.65 0.70 + 0.00 0.60 0.60 + 0.64 0.73 0.78 + 0.18 0.23 0.23 + 0.00 3.34 3.52 + 4.01 4.15 4.45 + 0.73 0.80 0.81 + 0.87 0.96 1.00 0.13 0.13 0.14 + 3.20 3.28 3.29 + 4.04 4.06 4.07 0.00 0.45 unch 0.45 + 0.10 0.13 0.13 0.08 0.08 0.10 0.31 0.33 0.34 1.27 1.35 1.48 1.58 1.67 1.78 0.14 0.14 0.15 0.00 0.09 unch 0.10 0.07 0.07 0.09 + 0.10 0.13 0.14 + 0.14 0.16 0.16 0.00 0.04 unch 0.04 0.00 0.09 unch 0.00 0.00 0.72 0.79 + 1.41 1.54 1.63 + 1.76 1.92 1.94

High Low

7.24 2.90 0.10 0.20 0.07 0.05 4.75 2.50 0.05 6.05 3.15 0.13 1.69 114.60 65.16 0.46 0.13 0.01 0.40 0.09 0.00 0.55 0.12 0.02 4.47 1.54 0.22 0.35 0.17 0.02 0.14 15.39 5.13 0.25 0.12 0.05 1.48 0.17 0.05 1.82 0.23 0.06 1.11 0.17 0.01 0.49 0.17 0.03 0.39 0.00 0.01 0.17 0.08 0.02 0.26 26.51 7.59 0.23 0.08 0.00 0.35 0.13 0.02 0.08 0.05 0.00 0.27 0.08 0.03 0.21 0.03 0.02 0.82 0.25 0.05 0.20 0.09 0.01 0.14 0.03 0.01 0.17 0.04 0.01 0.40 12.60 5.86 0.16 0.04 0.00 0.17 0.05 0.00 3.50 1.89 0.05 0.35 0.08 0.00 0.44 0.10 0.01 3.73 0.50 0.31 4.00 2.00 0.00 0.32 0.12 0.02 0.21 0.09 0.00 0.50 0.19 0.01 0.39 0.15 0.00 0.30 0.11 0.02 0.00 0.00 0.00 9.85 0.93 0.19 0.14 0.07 0.00 0.14 0.03 0.01 1.20 0.63 0.01 0.79 0.45 0.02 0.26 0.00 0.04 0.33 0.11 0.02 0.20 0.05 0.01 0.22 0.07 0.01 2.67 0.37 0.13 3.29 0.47 0.16 0.30 0.09 0.00 2.44 36.23 3.66 0.05 16.08 8.31 0.53 0.13 0.03 0.67 0.16 0.04 0.12 0.04 0.00 0.16 0.05 0.00 0.25 0.01 0.02 1.20 0.11 0.10 0.95 0.11 0.05 0.53 0.08 0.04 0.66 0.11 0.05 0.10 0.02 0.01 4.20 0.73 0.04 5.07 0.98 0.01 0.60 0.03 0.01 0.84 0.17 0.04 0.70 0.12 0.01 1.40 0.01 0.03 1.87 0.54 0.08 0.39 0.07 0.04 4.75 2.55 0.09 6.14 3.40 0.06 0.87 0.13 0.08 1.10 0.18 0.09 0.22 0.12 0.01 3.30 1.71 0.03 4.15 2.17 0.01 0.50 0.09 0.00 0.29 0.09 0.02 0.25 0.07 0.00 2.53 0.29 0.01 1.52 0.52 0.07 1.84 0.66 0.09 0.50 0.13 0.01 0.36 0.07 0.00 0.29 0.06 0.01 0.14 0.03 0.01 0.18 0.04 0.02 0.06 0.03 0.00 0.09 0.03 0.00 0.99 0.50 0.05 2.00 0.34 0.11 2.45 0.44 0.13

D-F 88 0 37 191 103 448 65 2393 597 539 497 548 1405 1169 186 1090 23305 76235 769 19 385 710 1371 706 50 0 51 108 1372 61994 3836 1518 2 40 14 108 553 24 250 58 5 4 558 502 81 638 472 897 1501 106 308 0 0 70 18 14 145 23 504 52 635 2792 111 492 46 68 174 0 0 152 91 26 217 401

0.64 0.00 0.05 0.06 0.40 0.05 0.04 0.09 0.08 0.05 0.24 0.29 0.64 0.79 0.05 0.62 2.45 1.98 0.19 0.13 2.50 0.04 0.36 0.44 0.00 0.00 0.09 0.05 0.06 0.00 1.87 1.50 0.11 0.14 0.11 0.26 0.32 0.18 0.00 0.24 0.00 0.00 0.45 0.55 0.86 0.30 0.23 9.60 8.63 0.05 0.06 0.00 0.00 2.89 2.34 1.99 0.19 0.14 0.24 0.20 2.80 3.49 0.94 1.18 0.10 0.13 0.16 0.00 0.00 0.28 0.31 0.25 0.07 0.09

0.60 0.00 0.05 0.00 0.35 0.05 0.04 0.06 0.05 0.04 0.21 0.26 0.51 0.62 0.00 0.53 2.02 1.62 0.14 0.11 2.25 0.04 0.30 0.38 0.00 0.00 0.00 0.05 0.00 0.00 1.68 1.35 0.00 0.00 0.09 0.21 0.27 0.00 0.00 0.00 0.00 0.00 0.40 0.49 0.82 0.25 0.19 8.86 8.10 0.04 0.05 0.00 0.00 2.75 2.24 1.65 0.00 0.11 0.20 0.00 2.17 2.67 0.75 0.93 0.05 0.11 0.00 0.00 0.00 0.26 0.29 0.23 0.06 0.00

0.61 unch 0.75 unch + 0.05 0.05 0.36 0.05 unch + 0.04 + 0.09 + 0.07 0.04 unch + 0.23 + 0.29 0.51 0.64 0.05 0.58 2.10 1.69 + 0.16 + 0.12 2.35 0.04 0.32 0.40 0.00 unch 0.19 unch + 0.09 0.05 0.06 + 0.00 + 1.77 + 1.41 0.11 unch + 0.14 0.09 unch + 0.23 + 0.29 0.18 0.00 unch 0.23 0.00 unch 0.00 unch 0.41 0.50 + 0.85 + 0.27 + 0.21 9.02 8.14 + 0.05 0.05 0.24 unch 0.10 unch 2.78 + 2.26 + 1.90 0.16 + 0.14 0.23 + 0.20 2.37 2.92 + 0.93 + 1.15 0.10 unch + 0.12 0.15 0.45 unch 0.26 unch 0.26 + 0.31 + 0.25 + 0.07 + 0.09

0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.02 0.02 0.00 0.02 0.03 0.11 0.12 0.01 0.01 0.20 0.17 0.02 0.02 0.03 0.00 0.02 0.03 0.00 0.00 0.01 0.00 0.02 0.00 0.16 0.13 0.00 0.01 0.00 0.02 0.02 0.05 0.00 0.01 0.00 0.00 0.01 0.02 0.03 0.02 0.02 0.14 0.19 0.01 0.01 0.00 0.00 0.05 0.01 0.08 0.03 0.04 0.01 0.01 0.29 0.36 0.13 0.16 0.00 0.03 0.01 0.00 0.00 0.01 0.01 0.02 0.01 0.03

0.71 2.00 0.16 0.20 0.47 0.12 0.09 0.30 0.23 0.11 0.59 0.75 0.91 1.07 0.18 0.69 2.45 1.98 0.23 0.17 4.95 0.06 0.43 0.52 0.01 1.25 0.13 0.10 0.11 0.04 2.74 2.23 0.12 0.50 0.20 0.55 0.59 0.40 0.02 0.41 0.09 0.51 0.77 0.98 1.28 1.18 1.22 13.69 10.02 0.12 0.15 0.24 0.16 3.00 2.49 2.45 0.35 0.20 0.25 0.20 4.22 5.37 1.34 1.65 0.28 0.38 0.19 0.55 0.39 0.58 0.57 0.43 0.09 0.10

0.43 0.45 0.00 0.05 0.22 0.04 0.01 0.04 0.03 0.03 0.12 0.16 0.33 0.42 0.04 0.38 0.41 0.30 0.12 0.09 1.31 0.01 0.05 0.07 0.00 0.09 0.06 0.03 0.05 0.00 1.19 0.90 0.06 0.10 0.09 0.14 0.19 0.16 0.00 0.17 0.00 0.00 0.33 0.42 0.57 0.20 0.06 7.88 7.18 0.03 0.05 0.15 0.07 1.64 1.26 0.52 0.07 0.05 0.10 0.10 0.42 0.55 0.07 0.24 0.00 0.04 0.14 0.20 0.11 0.15 0.28 0.23 0.04 0.06

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

Eco Oro Min Eco Oro Min* 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 Engineer Gold* Engold Mines Engold Mines* Entree Res* Entree Res Equinox Gold* Equinox Gold Equity Metals* Equity Metals Erdene Res Dev* Erdene Res Dev Erin Ventures* Erin Ventures Ero Copper Ero Copper* Eros Res Corp* Eros Res Corp Eros Res Corp Eskay Mng Eskay Mng* Essex Minerals Essex Minerals* Ethos Gold* Ethos Gold Etruscus Res* Etruscus Res Euro Manganese Euro Manganese* Euro Sun Mg Euro Sun Mg* EurOmax Res EurOmax Res* European Elect* European Elect European Metal* Eurotin Evergold Evergold* Everton Res* EVI Global Grp Evolving Gold Evolving Gold* Evrim Res Excellon Res* Excellon Res Excelsior Mng* Excelsior Mng ExGen Res Inc* ExGen Res Inc Exploits Disc* Explorex Res* Explorex Res Fabled Silver Fabled Silver* Fairchild Gold Falco Res Falco Res * Falcon Gold Falcon Gold* Fancamp Expl Far Res* Far Res Fathom Nickel* Fathom Nickel FenixOro Gold* FenixOro Gold Fidelity Min* Fidelity Min Filo Mg Corp Filo Mg Corp * Finlay Minrls Fiore Gold* Fiore Gold* Fiore Gold FireFox Gold FireFox Gold* Firestone Vent* Firestone Vent Fireweed Zinc* Fireweed Zinc First Cobalt * First Cobalt First Energy First Energy* First Idaho First Majestic* First Majestic First Mg Fin First Mg Fin * First Point* First Quantum First Tellur First Tellur* Fission 3.0 Fission 3.0* Fission Uran* Fission Uran Five Star Diam Five Star Diam* Fjordland Exp* Fjordland Exp Flow Metals Flowery Gold* Focus Graphite* Focus Graphite Fokus Mining Foran Mining Foran Mining* Forsys Metals Fort St James Fortescue Met* Fortuna Silvr Fortuna Silvr* Fortune Bay Fortune Bay* Fortune Min Fortune Min* Forty Pillars Forum Energy* Forum Energy Fosterville Founders Metal Four Nines 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

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

190 110 1105 0 54 1390 60 316 9 2 458 167 9723 2357 13 2232 252 27 152 523 323 18 6824 1108 181 35 42 26 1 49 765 206 2565 1514 1692 12840 1 685 1192 299 3768 20131 142 2 59 2 393 434 7525 2616 224 295 118 535 30 96 1063 121 273 195 195 441 263 214 8 611 780 25 120 592 220 1576 93 17 20 9 7 2 0 323 39 2 410 30 17 413 189 363 158 656 3 18 1117 16 17 2571 563 18 265 61 1134 98 653 307 7492 109 720 361 250 0 151 484 41 91 76 1064 4811 580 437 2 0 21 54 1548 2561 275 44 0 18501 3636 1108 1689 458 9102 521 101 3511 807 3117 11083 1507 0 93 80 148 7 706 1176 191 2086 158 1286 35 119 7305 18614 10 8 622 458 83 8395 7079 224 57 169 20 110 13 569 2286 1559 420 710 243 1862 1442 203 83873 257 1023

THE NORTHERN MINER / NOVEMBER 8—21, 2021

Week High

Low

0.12 0.10 0.22 0.00 0.12 0.14 0.20 0.00 0.03 0.04 0.14 0.11 10.04 12.46 0.57 1.65 1.39 1.00 3.15 3.91 0.88 0.70 3.95 3.16 0.05 0.04 0.76 0.65 0.14 3.51 2.85 0.01 1.91 32.10 6.67 5.37 0.23 0.30 0.26 0.21 11.24 9.09 0.05 0.03 0.32 0.27 0.73 0.90 8.25 10.20 0.12 0.15 0.35 0.45 0.09 0.11 25.50 20.66 0.08 0.10 0.10 2.37 1.91 0.12 0.09 0.24 0.29 0.15 0.19 0.54 0.45 0.36 0.29 0.08 0.06 0.13 0.16 0.06 0.00 0.15 0.12 0.04 0.07 0.35 0.31 0.37 1.59 1.96 0.42 0.50 0.07 0.11 0.61 5.03 6.25 0.12 0.10 0.15 0.35 0.28 0.12 0.09 0.12 0.13 0.17 0.36 0.45 0.24 0.30 0.00 0.06 12.31 9.93 0.15 0.08 1.30 1.62 0.30 0.24 0.10 0.00 0.71 0.87 0.27 0.32 0.21 0.17 0.00 13.56 16.80 0.33 0.27 0.45 30.78 0.19 0.15 0.22 0.18 0.96 1.18 0.04 0.00 0.11 0.13 0.05 0.24 0.06 0.07 0.11 2.46 1.98 1.07 0.40 11.05 6.40 5.18 0.71 0.59 0.13 0.11 0.15 0.40 0.49 1.15 0.38 0.65 0.50 0.52 0.38 0.56 145.55 180.42 0.03 0.23 0.19 0.52 0.46 0.37 39.67 0.16 0.03

0.11 0.09 0.18 0.00 0.10 0.13 0.17 0.00 0.03 0.00 0.12 0.10 8.66 10.72 0.49 0.93 1.18 0.93 2.87 3.55 0.82 0.67 3.03 2.41 0.00 0.03 0.00 0.58 0.14 3.30 2.67 0.01 1.67 31.23 6.16 4.98 0.19 0.00 0.23 0.18 9.16 7.39 0.00 0.03 0.00 0.22 0.66 0.82 7.40 9.17 0.11 0.13 0.32 0.40 0.08 0.10 22.00 17.86 0.07 0.10 0.10 2.13 1.73 0.10 0.09 0.17 0.21 0.15 0.17 0.51 0.41 0.33 0.26 0.00 0.06 0.00 0.00 0.05 0.00 0.00 0.11 0.04 0.06 0.00 0.00 0.34 1.41 1.73 0.37 0.46 0.07 0.00 0.48 0.00 5.90 0.10 0.08 0.00 0.33 0.26 0.10 0.07 0.00 0.08 0.11 0.27 0.36 0.21 0.25 0.00 0.00 10.56 8.58 0.13 0.06 1.16 1.36 0.25 0.20 0.00 0.00 0.64 0.82 0.24 0.30 0.18 0.12 0.00 12.67 15.68 0.30 0.25 0.40 27.36 0.16 0.04 0.20 0.15 0.78 0.96 0.00 0.00 0.09 0.00 0.00 0.06 0.05 0.06 0.00 2.25 1.80 0.88 0.00 10.50 6.00 4.85 0.67 0.00 0.12 0.09 0.13 0.24 0.30 1.01 0.00 0.50 0.41 0.47 0.37 0.49 142.36 175.90 0.01 0.00 0.16 0.42 0.43 0.34 36.84 0.15 0.00

Last

12-month Change

0.11 0.09 0.22 + 0.15 unch 0.11 + 0.13 + 0.17 0.00 unch 0.03 unch 0.04 unch 0.12 0.10 + 8.96 11.07 0.51 1.34 1.23 1.00 3.02 3.70 0.84 0.67 3.81 + 3.07 + 0.05 unch 0.04 + 0.75 0.60 0.14 unch 3.50 + 2.81 + 0.01 1.70 31.44 6.24 + 5.05 + 0.23 + 0.29 + 0.26 + 0.21 + 9.76 7.84 0.05 unch 0.03 unch 0.29 + 0.23 + 0.67 0.83 7.43 9.18 0.11 0.13 0.33 0.40 0.08 + 0.10 unch 23.09 18.66 0.07 0.10 unch 0.10 unch 2.14 1.76 0.10 0.09 + 0.20 0.24 0.15 unch 0.18 0.53 0.42 0.33 0.27 0.08 unch 0.06 unch 0.11 + 0.14 0.05 0.02 unch 0.14 0.12 + 0.04 0.07 + 0.35 + 0.31 + 0.35 unch 1.43 1.76 0.37 0.46 0.07 unch 0.09 + 0.61 + 5.03 + 6.25 + 0.10 0.08 0.14 unch 0.33 0.28 + 0.10 0.08 0.11 0.12 + 0.16 + 0.30 0.37 0.23 0.28 0.07 unch 0.06 unch 10.86 8.78 0.14 0.07 1.22 + 1.51 + 0.30 + 0.23 + 0.10 unch 0.13 unch 0.68 0.83 0.25 + 0.30 0.19 + 0.15 + 0.10 unch 12.67 15.68 0.30 0.25 + 0.40 29.30 0.19 + 0.15 + 0.21 + 0.16 + 0.83 1.04 0.04 0.03 unch 0.09 0.11 0.04 0.08 0.05 + 0.06 0.10 2.32 1.88 0.93 0.38 + 10.58 6.00 4.86 0.69 0.55 + 0.13 0.10 0.15 + 0.26 0.33 1.04 0.37 0.55 0.41 0.52 + 0.38 + 0.50 142.83 176.59 0.02 + 0.21 + 0.18 + 0.44 0.45 + 0.36 + 37.72 + 0.16 + 0.03 -

0.01 0.01 0.04 0.00 0.01 0.01 0.03 0.00 0.00 0.00 0.01 0.01 0.69 0.87 0.06 0.10 0.13 0.00 0.12 0.17 0.02 0.02 0.76 0.60 0.00 0.01 0.05 0.05 0.00 0.05 0.02 0.01 0.15 0.17 0.04 0.05 0.03 0.06 0.04 0.02 0.73 0.66 0.00 0.00 0.01 0.00 0.08 0.08 0.32 0.42 0.01 0.01 0.02 0.04 0.00 0.00 1.38 1.07 0.00 0.00 0.00 0.17 0.10 0.01 0.00 0.01 0.03 0.00 0.01 0.01 0.04 0.02 0.02 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.26 0.00 0.15 0.23 0.02 0.03 0.00 0.01 0.13 0.02 0.25 0.02 0.01 0.00 0.02 0.01 0.01 0.01 0.01 0.04 0.06 0.01 0.02 0.02 0.02 0.00 0.00 0.75 0.64 0.01 0.01 0.22 0.26 0.06 0.04 0.00 0.00 0.03 0.05 0.00 0.01 0.02 0.00 0.00 0.44 0.54 0.01 0.00 0.03 0.02 0.04 0.02 0.01 0.01 0.06 0.07 0.01 0.00 0.01 0.02 0.01 0.16 0.00 0.01 0.02 0.05 0.02 0.11 0.03 0.17 0.08 0.05 0.02 0.00 0.01 0.01 0.01 0.12 0.15 0.05 0.02 0.10 0.10 0.05 0.01 0.04 0.62 0.86 0.00 0.01 0.02 0.09 0.01 0.01 0.05 0.01 0.01

(100s)

High Low

Stock

0.20 0.16 0.31 0.27 1.00 0.25 0.25 0.02 0.05 0.06 0.19 0.16 14.49 18.90 0.59 1.65 4.08 3.30 4.65 5.88 0.88 0.74 3.95 3.16 0.16 0.12 1.05 1.00 0.29 4.83 3.81 0.12 2.27 35.87 9.32 7.76 0.35 0.44 0.29 0.24 11.24 9.09 0.11 0.06 0.55 0.30 0.90 1.12 11.84 15.40 0.25 0.33 0.40 0.50 0.19 0.25 29.76 22.30 0.09 0.11 0.11 3.14 2.49 0.51 0.14 0.50 0.60 0.30 0.38 0.85 0.68 0.47 0.39 0.24 0.16 0.39 0.40 1.02 0.06 0.49 0.44 0.13 0.14 1.45 0.98 0.42 3.90 4.76 0.94 1.19 0.11 0.15 1.35 8.34 10.50 0.40 0.60 0.20 0.48 0.42 0.16 0.15 0.17 0.24 0.31 0.44 0.88 0.45 0.54 0.11 0.17 12.31 9.93 0.20 0.26 1.30 1.65 0.40 0.34 0.25 0.30 0.90 1.20 0.37 0.46 0.62 0.31 0.10 24.01 30.75 0.50 0.42 0.76 35.07 0.21 0.15 0.24 0.20 1.00 1.25 0.07 0.05 0.21 0.27 0.11 0.24 0.22 0.28 0.48 2.75 2.19 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 0.26 0.20 1.11 0.65 0.53 46.10 0.30 0.10

Fresnillo plc* Frontier Lith Frontline Gold Full Metal Mnl Full Metal Mnl* Fury Gold Fury Gold* Fuse Cobalt* Fuse Cobalt

O V V V 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* 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 Tag Golden Tag* Golden Valley Golden Valley* Goldex Res Goldex Res* Goldflare Expl Goldgroup Mng* Goldgroup Mng GoldHaven Res* Goldhills Hldg GoldMining GoldON Res GoldON Res* Goldplay Min GoldQuest Mng Goldrea Res Goldrea Res* Goldrich Mng* Goldseek Res Goldseek Res* Goldshore Res* Goldshore Res Goldsource Min* Goldsource Min Goldstar Mnls Goliath Res Goliath Res* Gossan Res GoviEx Uranium GoviEx Uranium* Gowest Gold Gowest Gold* GPM Metals GR Silver GR Silver*

0.05 0.04 0.10 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 1.18 0.93 0.90 1.18 0.43 0.32 0.13 0.05 0.05 0.03 0.44 0.47 0.10 3.05 2.43 0.00 0.36 23.12 4.00 2.99 0.10 0.13 0.17 0.12 1.91 1.42 0.03 0.02 0.23 0.18 0.30 0.41 5.90 7.53 0.07 0.09 0.26 0.33 0.03 0.03 17.24 16.63 0.05 0.07 0.07 0.80 0.66 0.10 0.09 0.12 0.16 0.15 0.17 0.18 0.33 0.30 0.20 0.03 0.02 0.10 0.13 0.01 0.01 0.13 0.00 0.00 0.05 0.28 0.05 0.28 1.25 1.59 0.35 0.44 0.06 0.08 0.19 4.70 5.90 0.07 0.07 0.14 0.33 0.15 0.08 0.02 0.08 0.04 0.05 0.27 0.34 0.15 0.15 0.06 0.05 1.60 1.00 0.07 0.06 0.74 0.95 0.13 0.11 0.01 0.11 0.51 0.65 0.09 0.12 0.14 0.12 0.07 9.62 12.56 0.28 0.22 0.05 13.76 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 0.09 0.16 0.24 0.12 0.13 10.25 4.71 3.74 0.57 0.10 0.06 0.04 0.11 0.08 0.11 0.89 0.35 0.31 0.23 0.07 0.05 0.42 105.62 133.63 0.01 0.03 0.12 0.44 0.28 0.23 16.68 0.14 0.03

Exc Volume

Week Last

12-month

High

Low

Change

47 1029 320 102 6 267 937 324 1258

12.83 1.06 0.03 0.18 0.13 0.88 0.72 0.07 0.10

11.58 11.96 0.92 1.03 unch 0.00 0.03 unch 0.00 0.16 0.00 0.13 0.82 0.83 0.66 0.67 0.06 0.06 0.07 0.08 -

O 109 V 477 O 14 V 191 O 3469 V 3350 V 366 O 74 T 138 X 1839 V 883 O 188 V 114 O 47 V 3 O 185 V 8387 V 178 O 142 O 385 V 617 V 560 O 93 T 144 N 3515 C 61 T 628 O 205 O 10 C 497 V 266 O 107 V 3405 V 0 V 774 O 72 C 238 O 91 V 22 V 1139 O 988 V 0 V 1 O 5 O 20 V 186 O 568 V 580 V 7 O 75 O 75 V 263 V 2 O 0 V 11 V 0 O 5 V 1785 O 130 O 1702 O 778 T 2211 V 535 O 542 O 163 V 351 O 1 O 488 C 812 O 1 O 30 T 51 O 109 V 422 O 827611 O 1 C 9 V 15 T 8463 C 121 O 27 C 464 O 110 V 503 O 1 N 14459 O 582 V 1089 C 23 V 1568 O 268 C 353 O 379 V 2159 C 181 O 19 V 4 X 3787 X 1907 O 25 V 273 T 223 X 2139 C 64 V 609 O 19 V 0 V 307 V 157 O 34 V 674 O 735 O 778 O 78 V 195 O 290 V 157 V 0 V 183 O 4 C 180 O 146 C 498 T 132 X 2929 O 0 V 93 V 184 V 146 V 10 C 57 T 424 X 3616 V 334 O 272 V 88 O 72 V 52 O 3 V 360 O 853 T 902 O 370 V 0 T 709 V 671 O 4 V 121 V 5263 C 274 O 164 O 829 C 87 O 10 O 38 V 110 O 21 V 153 V 185 V 315 O 337 V 293 V 4556 O 1364 V 216 O 7 V 177 V 897 O 684

0.37 0.46 0.20 0.24 0.13 0.16 0.41 0.35 1.04 0.84 0.07 0.06 0.02 0.12 0.16 0.48 0.59 0.10 0.09 0.23 0.28 0.32 0.26 16.52 13.35 0.25 0.70 0.57 0.34 0.43 0.11 0.09 0.42 0.00 0.32 0.26 0.56 0.46 0.09 0.19 0.15 0.00 0.12 0.12 0.17 0.18 0.42 0.51 0.06 0.04 0.44 0.54 0.18 0.00 0.32 0.00 0.11 0.11 5.17 10.25 3.48 4.31 0.28 0.22 0.24 0.29 0.88 0.07 0.08 0.16 0.83 1.03 0.19 0.24 0.00 0.19 0.22 0.20 3.57 0.19 0.28 0.41 0.23 0.28 9.48 9.84 0.10 0.13 0.42 0.16 0.12 0.16 1.73 2.06 0.13 1.66 2.00 1.94 5.41 0.06 0.08 0.60 0.49 0.07 0.08 0.07 0.00 0.02 0.07 0.06 0.20 0.16 0.00 0.17 0.18 0.04 0.05 0.00 0.29 0.24 0.17 0.13 0.19 0.64 0.52 0.00 0.16 0.20 5.12 0.11 0.40 4.11 3.30 0.35 0.29 13.27 10.70 0.07 0.06 0.05 0.04 0.05 0.45 0.00 1.83 0.19 0.15 0.15 0.16 0.05 0.04 0.07 0.17 0.13 0.52 0.61 0.74 0.91 0.08 0.83 0.67 0.28 0.50 0.42 0.19 0.15 0.13 0.39 0.32

0.37 + 0.46 unch 0.18 0.24 + 0.11 + 0.13 unch 0.38 0.31 0.94 0.78 0.07 unch 0.05 0.02 0.12 + 0.15 0.47 + 0.57 + 0.09 0.08 0.20 0.26 0.28 0.22 15.01 12.10 0.24 0.66 0.54 0.34 + 0.37 + 0.10 unch 0.08 0.41 + 0.08 unch 0.31 unch 0.24 0.52 0.43 0.09 + 0.17 unch 0.13 + 0.15 unch 0.12 + 0.12 unch 0.17 unch 0.18 0.35 0.43 0.06 unch 0.04 0.44 + 0.51 + 0.18 unch 0.22 unch 0.30 + 0.36 unch 0.11 unch 0.10 5.01 9.95 3.13 3.90 0.24 0.20 0.22 + 0.29 + 0.88 + 0.06 + 0.08 + 0.16 unch 0.79 0.98 unch 0.17 + 0.20 unch 0.00 unch 0.19 + 0.21 + 0.20 unch 3.44 + 0.15 0.28 + 0.38 + 0.16 0.21 9.48 unch 9.28 0.08 0.10 0.40 0.14 unch 0.12 + 0.15 + 1.73 + 1.98 + 0.11 1.60 1.98 1.84 + 5.06 0.06 0.07 0.58 unch 0.47 0.06 0.07 + 0.06 + 0.18 unch 0.02 unch 0.07 unch 0.05 0.18 unch 0.14 0.00 0.15 0.17 0.04 + 0.05 + 0.17 unch 0.28 0.22 0.15 unch 0.12 0.19 + 0.55 0.45 0.12 unch 0.14 0.17 unch 4.88 0.11 unch 0.35 3.87 + 3.15 + 0.30 0.24 12.95 10.32 0.07 + 0.06 + 0.05 unch 0.03 + 0.04 0.40 + 0.25 unch 1.67 0.17 0.13 0.14 0.12 0.05 + 0.03 0.06 + 0.16 + 0.13 0.45 0.55 0.66 0.83 0.07 0.78 0.61 0.21 0.42 0.34 0.19 unch 0.13 0.13 + 0.34 0.28 -

Exc Volume

Week

Stock

0.84 0.00 0.00 0.02 0.01 0.04 0.03 0.01 0.01

17.50 1.39 0.04 0.65 0.57 2.37 1.85 0.26 0.33

10.20 0.27 0.02 0.11 0.00 0.76 0.60 0.02 0.03

0.02 0.00 0.01 0.01 0.00 0.00 0.01 0.03 0.08 0.03 0.00 0.00 0.01 0.00 0.01 0.03 0.03 0.02 0.01 0.02 0.01 0.03 0.03 0.79 0.73 0.01 0.03 0.03 0.06 0.07 0.00 0.01 0.05 0.00 0.00 0.01 0.03 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.07 0.08 0.00 0.00 0.05 0.03 0.00 0.00 0.03 0.00 0.00 0.01 0.08 0.18 0.14 0.15 0.02 0.01 0.00 0.03 0.62 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.10 0.03 0.00 0.17 0.04 0.02 0.06 0.05 0.06 0.00 0.38 0.02 0.02 0.02 0.00 0.00 0.01 0.13 0.02 0.02 0.14 0.15 0.15 0.22 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.01 0.02 0.00 0.00 0.01 0.05 0.05 0.00 0.02 0.00 0.21 0.00 0.05 0.46 0.40 0.04 0.03 0.15 0.33 0.01 0.01 0.00 0.00 0.01 0.02 0.00 0.04 0.03 0.01 0.01 0.04 0.01 0.01 0.00 0.01 0.03 0.04 0.08 0.07 0.04 0.01 0.05 0.05 0.06 0.06 0.04 0.00 0.03 0.03 0.02 0.01

0.50 0.64 0.29 0.34 0.28 0.35 0.94 0.78 1.97 1.51 0.14 0.12 0.03 3.95 0.29 1.06 1.40 0.36 0.29 0.50 0.60 0.61 0.47 31.08 24.00 0.63 1.23 1.02 0.67 0.80 0.28 0.22 0.42 0.11 0.60 0.47 0.77 0.61 0.11 0.25 0.18 0.15 0.45 0.29 0.17 0.21 0.70 0.86 0.14 0.12 0.70 0.87 0.30 0.42 0.40 0.36 0.13 0.18 5.43 10.79 3.62 4.47 1.93 1.52 0.28 0.35 2.70 0.21 0.27 0.80 1.24 1.49 0.36 0.45 0.00 1.33 1.20 0.37 3.57 0.60 0.39 0.46 0.56 0.71 12.05 12.90 0.23 0.23 0.95 0.76 0.52 0.43 2.65 3.12 0.26 1.79 2.22 3.78 7.08 0.17 0.38 1.23 0.97 0.21 0.12 0.10 0.19 0.05 0.16 0.13 0.21 0.20 0.01 0.24 0.31 0.30 0.24 0.25 0.46 0.35 0.72 0.57 0.70 1.65 1.30 0.19 0.25 0.41 5.44 0.17 0.49 5.69 4.36 0.65 0.52 13.40 10.79 0.09 1.10 0.10 0.06 0.08 0.87 0.33 3.25 1.14 0.86 0.20 0.43 0.06 0.05 0.10 0.36 0.27 1.75 0.98 1.12 1.60 0.21 1.62 1.31 0.35 0.59 0.47 0.51 0.39 0.15 0.92 0.74

0.25 0.35 0.15 0.20 0.08 0.10 0.22 0.16 0.85 0.66 0.06 0.04 0.01 0.09 0.12 0.42 0.52 0.09 0.01 0.19 0.23 0.27 0.22 7.77 5.78 0.16 0.45 0.34 0.25 0.21 0.09 0.07 0.19 0.05 0.17 0.12 0.30 0.22 0.04 0.12 0.10 0.07 0.11 0.08 0.08 0.10 0.27 0.33 0.05 0.04 0.13 0.17 0.10 0.20 0.20 0.36 0.04 0.05 1.97 3.90 0.41 0.56 0.09 0.05 0.12 0.16 0.25 0.01 0.07 0.00 0.43 0.57 0.13 0.17 0.00 0.09 0.18 0.19 1.38 0.08 0.02 0.24 0.14 0.18 8.00 7.75 0.03 0.05 0.30 0.13 0.08 0.08 1.04 0.76 0.10 1.17 1.50 1.55 3.39 0.05 0.05 0.54 0.43 0.06 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 0.27 0.21 0.11 0.09 0.12 0.53 0.41 0.10 0.10 0.12 2.06 0.08 0.29 2.58 2.04 0.22 0.17 6.01 4.81 0.06 0.00 0.04 0.02 0.04 0.24 0.08 1.40 0.15 0.00 0.14 0.11 0.03 0.02 0.02 0.11 0.13 0.26 0.53 0.55 0.74 0.07 0.12 0.10 0.08 0.12 0.09 0.16 0.12 0.05 0.25 0.20

Gran Colombia* 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 Handeni Gold* Hanna Capital Hannan Metals Hannan Metals* Hanstone Gold Hanstone Gold* Happy Ck Mnrls Harfang Explor* Harfang Explor Harmony Gold* Harte Gold Harte Gold* Harvest Gold* Harvest Gold Hawkeye Gld&Di Hawkeye Gld&Di* Hawkmoon Res Headwater Gold Headwater Gold* Hecla Mining* Heliostar Met* Heliostar Met Hemcare Health* Hemlo Expl* Hemlo Expl HFX Holding Highbank Res Highbury Proj HighGold HighGold* Highland Copp Highland Copp* Highway 50 Gld Highway 50 Gld* Highwood Asset HiHo Silver* 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*

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

275 1183 884 102 697 639 365 238 190 284 251 128 1056 460 115 58 335 462 5973 19 10 471 30 216 408 14 816 682 675 1371 127 496 987 183 152 6 158 1084 847 121 642 1196 14 213 2402 8 0 0 41 69 51 2 5 0 2 672 21082 3580 348 16 118 6 1 144 208 98 33368 230 244 33 50 75 13 0 0 665 154 209 21 18 20 0 24 62 22 306 361 0 139 830 5981 5629 1500 290 25 446 0 692 50

4.36 5.39 0.12 0.09 0.50 0.61 0.15 0.19 0.50 1.75 1.44 1.07 1.33 0.36 0.34 14.50 17.91 0.58 0.47 0.05 0.00 0.15 0.04 0.06 0.06 0.64 0.13 0.10 0.10 0.69 1.36 0.10 0.13 0.04 0.05 0.14 0.13 0.27 0.34 0.23 0.50 0.62 0.08 0.17 0.21 0.60 0.00 0.00 0.05 0.30 0.25 0.30 0.24 0.00 0.25 0.30 4.02 0.07 0.05 0.11 0.17 0.02 0.01 0.10 0.28 0.21 6.24 0.89 1.11 2.29 0.18 0.24 0.04 0.00 0.00 1.64 1.32 0.11 0.09 0.28 0.22 11.50 0.02 2.21 0.11 0.07 0.06 0.00 0.15 0.15 7.47 9.24 0.11 0.09 0.04 0.05 0.00 3.20 2.66

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 Integra Res Integra Res* Inter-Rock Mnl Interconnect Intercontinent Interra Copper Interra Copper* Intl Battery* Intl Battery Intl Bethl Mng* 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 Jaguar Mng Jaguar Mng* Japan Gold* Japan Gold Jasper Mining Jaxon Mining* Jaxon Mining Jayden Res*

O 65 V 49 T 6383 N 48954 O 199 V 773 O 331 O 155 C 269 V 0 O 296 V 241 V 757 O 1 T 117 O 6 O 150 V 592 O 15 V 88 O 1583 V 252 O 41 O 1 V 80 V 265 V 5160 O 93 C 349 V 87 V 9 V 380 X 284 V 0 V 0 V 30 C 1575 O 643 O 198 C 29 O 0 V 86 O 37 V 54 V 3140 O 1857 V 213 O 41 O 171797 X 437 T 22 V 183 O 21 N 984 O 38 V 44 V 256 O 2 O 193 V 392 C 115 O 253 V 1225 O 8 V 68 O 710 O 397 T 5615 O 80 V 77 V 2 T 232 O 103 O 91 V 264 V 0 O 0 V 64 O 0

0.02 0.03 3.78 3.05 0.05 0.24 0.19 0.10 0.12 0.00 0.05 0.06 0.67 13.75 4.08 3.27 0.12 0.15 0.35 0.45 0.02 0.07 0.06 0.04 0.08 0.08 0.12 0.09 0.20 0.08 0.06 3.21 2.55 0.00 0.00 0.13 0.30 0.22 0.66 0.80 0.00 0.04 0.05 0.06 0.13 0.10 0.18 0.15 0.02 0.90 1.11 0.17 0.14 52.85 0.13 0.18 0.06 0.04 0.46 0.56 1.13 1.00 5.00 1.06 1.32 0.25 8.28 10.00 0.06 0.07 0.03 4.72 3.79 0.25 0.31 0.00 0.00 0.06 0.00

G-H 0.33 0.40 0.18 0.22 0.10 0.13 0.38 0.31 0.94 0.76 0.06 0.05 0.00 0.12 0.00 0.42 0.52 0.00 0.08 0.20 0.25 0.27 0.22 14.67 11.81 0.24 0.65 0.53 0.26 0.25 0.00 0.08 0.36 0.00 0.30 0.24 0.52 0.43 0.00 0.16 0.13 0.00 0.00 0.12 0.16 0.16 0.33 0.41 0.00 0.04 0.36 0.43 0.00 0.00 0.00 0.00 0.11 0.10 4.89 9.74 3.04 3.77 0.23 0.18 0.20 0.24 0.88 0.05 0.07 0.16 0.79 0.96 0.15 0.19 0.00 0.00 0.00 0.00 3.30 0.15 0.25 0.33 0.16 0.19 9.48 9.22 0.08 0.09 0.39 0.14 0.10 0.13 1.38 1.72 0.10 0.00 0.00 1.70 5.02 0.06 0.00 0.57 0.46 0.00 0.00 0.06 0.00 0.00 0.00 0.00 0.18 0.14 0.00 0.14 0.00 0.03 0.00 0.00 0.27 0.22 0.14 0.12 0.18 0.55 0.45 0.00 0.00 0.17 4.88 0.00 0.00 3.33 2.68 0.30 0.24 12.75 10.27 0.00 0.00 0.00 0.03 0.00 0.36 0.00 1.61 0.15 0.00 0.00 0.11 0.04 0.03 0.06 0.14 0.13 0.45 0.54 0.62 0.80 0.00 0.72 0.58 0.00 0.41 0.32 0.00 0.13 0.00 0.33 0.27

(100s)

High Low

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

High

Low

Last

12-month Change

4.04 4.10 5.03 5.07 0.10 0.10 0.00 0.09 + 0.40 0.46 + 0.49 0.58 + 0.10 0.13 0.16 0.16 0.44 0.45 1.50 1.56 1.21 1.30 1.00 1.02 1.24 1.27 0.30 0.36 + 0.00 0.33 13.68 13.89 + 16.53 17.35 + 0.55 0.56 + 0.44 0.44 0.00 0.05 0.00 0.00 unch 0.11 0.12 0.04 0.04 + 0.06 0.06 0.00 0.06 + 0.00 0.51 0.00 0.13 + 0.07 0.09 unch 0.09 0.09 0.57 0.60 1.05 1.32 + 0.09 0.10 + 0.11 0.11 unch 0.00 0.04 0.00 0.04 0.00 0.14 unch 0.00 0.12 0.25 0.25 0.30 0.31 0.21 0.21 0.43 0.44 0.55 0.55 0.00 0.08 + 0.14 0.14 0.17 0.18 0.00 0.60 + 0.00 0.13 unch 0.00 0.00 unch 0.00 0.05 + 0.00 0.28 0.22 0.22 0.00 0.28 0.23 0.23 0.00 0.04 unch 0.25 0.25 unch 0.25 0.27 3.59 3.62 0.06 0.06 unch 0.04 0.05 0.11 0.11 0.14 0.14 0.00 0.02 + 0.01 0.01 unch 0.09 0.10 0.25 0.28 + 0.20 0.21 5.78 5.78 0.69 0.70 0.86 0.87 2.06 2.27 0.18 0.18 unch 0.00 0.24 unch 0.00 0.04 + 0.00 0.02 unch 0.00 0.26 unch 1.53 1.58 1.24 1.27 0.00 0.10 unch 0.00 0.08 + 0.00 0.27 0.22 0.22 + 0.00 11.50 unch 0.01 0.01 unch 1.95 1.98 0.00 0.11 unch 0.06 0.07 unch 0.05 0.05 + 0.00 0.00 unch 0.12 0.12 0.14 0.14 6.81 6.96 8.43 8.63 0.09 0.09 0.07 0.07 0.04 0.04 0.04 0.05 unch 0.00 0.03 unch 2.91 2.99 2.39 2.43 -

High Low

0.17 0.20 0.01 0.01 0.06 0.09 0.02 0.03 0.01 0.13 0.08 0.01 0.02 0.02 0.03 0.69 1.01 0.01 0.01 0.01 0.00 0.02 0.00 0.01 0.01 0.14 0.02 0.00 0.00 0.04 0.12 0.01 0.00 0.01 0.01 0.00 0.01 0.02 0.03 0.01 0.02 0.01 0.02 0.02 0.03 0.01 0.00 0.00 0.01 0.03 0.03 0.03 0.01 0.00 0.00 0.03 0.31 0.00 0.00 0.03 0.04 0.01 0.00 0.01 0.02 0.05 0.06 0.22 0.13 0.01 0.00 0.00 0.01 0.00 0.00 0.03 0.03 0.00 0.00 0.01 0.00 0.00 0.00 0.13 0.00 0.00 0.01 0.00 0.00 0.01 0.25 0.29 0.02 0.02 0.01 0.00 0.00 0.17 0.14

6.61 8.40 0.25 0.19 0.65 0.78 0.24 0.29 0.80 2.40 1.89 1.51 1.84 2.86 0.88 14.89 17.92 1.47 1.16 0.17 0.01 0.72 0.07 0.08 0.12 1.81 0.26 0.70 0.30 0.77 1.36 0.27 0.34 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 0.15 0.16 0.62 0.49 0.63 0.35 0.15 0.39 0.62 5.92 0.18 0.15 0.19 0.24 0.05 0.04 0.20 0.65 0.27 9.44 1.47 1.81 2.32 0.64 0.90 0.11 0.03 0.26 2.45 1.85 0.15 0.12 0.47 0.37 19.00 0.05 3.77 0.13 0.18 0.20 0.08 0.15 0.18 9.60 11.62 0.38 0.29 0.23 0.20 0.06 3.54 2.86

3.37 4.50 0.09 0.07 0.18 0.24 0.08 0.11 0.27 0.37 0.28 0.10 0.13 0.31 0.32 10.08 12.80 0.53 0.42 0.04 0.00 0.07 0.04 0.05 0.04 0.26 0.08 0.07 0.05 0.30 0.14 0.07 0.09 0.02 0.03 0.14 0.06 0.20 0.27 0.19 0.15 0.20 0.07 0.03 0.04 0.57 0.09 0.00 0.04 0.22 0.16 0.25 0.24 0.04 0.22 0.27 3.00 0.05 0.04 0.00 0.14 0.02 0.01 0.08 0.19 0.15 4.32 0.54 0.69 0.75 0.18 0.20 0.03 0.01 0.20 0.98 0.79 0.04 0.03 0.25 0.20 4.72 0.01 1.75 0.04 0.06 0.00 0.00 0.07 0.10 4.33 5.79 0.07 0.05 0.01 0.04 0.03 2.26 1.88

0.01 0.00 0.14 0.09 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.05 0.30 0.05 0.07 0.02 0.01 0.02 0.01 0.00 0.00 0.01 0.00 0.02 0.01 0.03 0.01 0.07 0.00 0.02 0.12 0.08 0.00 0.00 0.04 0.03 0.03 0.01 0.07 0.00 0.01 0.01 0.01 0.02 0.02 0.00 0.02 0.00 0.07 0.02 0.01 0.01 0.02 0.00 0.01 0.00 0.00 0.03 0.03 0.05 0.04 0.13 0.04 0.11 0.02 0.09 0.13 0.00 0.01 0.01 0.21 0.18 0.01 0.02 0.00 0.00 0.01 0.00

0.05 0.06 5.21 4.00 0.13 0.37 0.30 0.22 0.26 0.05 0.15 0.20 1.22 21.00 6.25 4.92 0.90 0.24 0.50 0.65 0.05 0.23 0.17 0.07 0.11 0.42 0.23 0.19 0.49 0.23 0.12 5.16 4.08 0.50 0.11 0.26 0.34 0.27 0.78 0.99 0.09 0.12 0.10 0.09 0.16 0.13 0.25 0.40 0.02 1.90 2.60 0.33 0.24 52.85 0.26 0.33 0.08 0.05 1.40 0.67 2.90 2.24 6.61 1.55 1.90 0.35 8.33 10.29 0.08 0.11 0.06 11.30 9.30 0.38 0.47 0.21 0.08 0.10 0.83

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 2.99 2.25 0.08 0.07 0.18 0.30 0.01 0.05 0.04 0.04 0.06 0.06 0.05 0.04 0.13 0.06 0.05 2.59 2.12 0.37 0.08 0.09 0.10 0.07 0.07 0.11 0.01 0.03 0.03 0.04 0.04 0.03 0.09 0.07 0.00 0.62 0.79 0.05 0.05 8.75 0.08 0.10 0.03 0.02 0.13 0.27 1.01 0.81 1.08 0.88 0.23 0.02 3.62 4.98 0.03 0.05 0.03 3.70 1.25 0.20 0.25 0.05 0.05 0.06 0.12

I-J-K 0.02 0.02 + 0.00 0.03 unch 3.36 3.41 2.71 2.77 0.04 0.05 + 0.20 0.23 + 0.17 0.18 0.08 0.08 0.09 0.11 0.00 0.03 unch 0.04 0.04 0.00 0.05 0.59 0.67 + 0.00 13.75 4.00 4.00 3.24 3.25 0.11 0.11 0.14 0.14 0.30 0.34 + 0.39 0.42 0.01 0.01 0.06 0.07 unch 0.04 0.06 + 0.04 0.04 unch 0.00 0.08 0.00 0.07 0.08 0.11 + 0.06 0.08 + 0.13 0.20 + 0.00 0.08 unch 0.00 0.05 2.92 2.95 2.35 2.39 0.00 0.43 unch 0.00 0.10 unch 0.00 0.11 0.12 0.16 + 0.10 0.13 + 0.56 0.61 + 0.00 0.74 0.00 0.03 unch 0.00 0.03 0.04 0.05 + 0.00 0.05 + 0.10 0.12 + 0.08 0.10 + 0.00 0.18 unch 0.13 0.13 0.01 0.02 0.76 0.78 0.96 1.01 0.14 0.16 0.13 0.14 + 46.69 48.71 + 0.13 0.13 unch 0.00 0.16 0.00 0.06 unch 0.04 0.04 unch 0.43 0.46 + 0.53 0.56 + 1.01 1.04 0.81 0.84 4.34 4.59 + 1.02 1.03 1.17 1.17 0.22 0.24 + 7.42 7.85 9.40 9.71 0.06 0.06 + 0.00 0.06 0.00 0.03 4.27 4.30 3.44 3.47 0.23 0.23 0.28 0.28 0.00 0.07 unch 0.00 0.05 unch 0.00 0.06 0.00 0.49 unch

(100s) Stock

Exc Volume

Week High

Jayden Res Jazz Res 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 V 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

122 474 474 644 690 99 1570 0 15 23 360 1 144 150 1778 273 20 436 270 137 176 6 388 45 329 17757 5 30 78 1849 52 15 717 22 1 1 11 61 589 42 692 607 132 391 26 22 15124 58293 473 63 14 3264 5982 222 8 270 1777 38 5 425 351 514 3428 615 318 201 170 114 2093 6

0.55 0.90 0.57 0.50 1.41 0.04 0.07 0.00 0.25 0.14 0.19 0.99 0.24 0.20 7.31 5.94 0.17 0.05 0.04 0.28 0.90 0.32 0.15 0.52 3.66 0.00 0.11 0.13 0.76 0.04 0.15 0.12 0.10 0.12 0.13 0.12 0.16 0.06 0.07 0.55 0.53 0.06 0.07 0.15 0.15 0.12 8.06 6.51 0.19 1.03 0.83 57.38 46.39 0.22 0.19 0.07 0.08 0.99 0.46 0.56 0.20 0.25 0.04 0.53 0.43 0.75 1.46 1.18 0.05 0.03

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 Leo Res* Leocor Gold Leocor Gold* Leopard Lake Leviathan Gold Leviathan Gold* Libero Copper Libero Copper* Liberty Gold* Liberty One Li Liberty One Li* Lida Resources* Lido Minerals Lightspeed Dis Lincoln Mng Lion One Mtls Lion One Mtls* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithium South* Lithoquest Res* Lithoquest Res LKA Gold* Lode-Star Mg* Logan Res Lomiko Mtls Lomiko Mtls* Loncor Res* Loncor Res Lone Star Gold* Los Andes* Los Andes Lovitt Res 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*

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

918 1992 498 30 1456 15427 86 2454 2228 663 435 11 24 0 133 729 136 657 244 22097 2604 0 53 64 375 38 34 2356 88 833 41 10 3 403 0 19 182 298 4438 21630 2057 871 2014 91 432 1157 0 320 2 0 0 1021 722 38 186 118 0 56 6 674 9 873 78 146 318 250 309 745 290 11355 45 13 333 412

0.98 1.22 0.15 30.20 37.61 0.76 0.61 1.05 0.01 12.85 15.94 0.11 0.13 0.00 0.13 0.65 0.53 0.39 0.32 4.92 0.34 0.00 0.55 0.44 0.14 0.23 0.19 0.57 0.46 1.05 0.47 0.36 0.51 0.29 0.00 0.16 1.16 0.93 36.89 29.78 0.64 0.51 0.35 0.19 0.23 0.65 0.00 0.11 0.01 0.00 0.00 0.11 0.09 0.63 0.81 0.53 0.00 10.21 0.18 0.65 0.07 0.09 0.43 0.54 0.60 0.50 0.49 12.00 8.73 10.82 0.04 0.05 5.50 5.54

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*

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

392 870 335 592 0 187 144 1111 15 144 120 88 2 28 291 208 50 7 49 86 188 903 1759 25 86 262 199 1198 1975 40 0

0.33 0.41 0.04 0.05 0.00 0.07 0.08 25.10 0.90 0.99 0.81 0.40 0.09 0.13 0.10 0.06 0.05 0.28 0.13 0.16 0.44 0.33 0.41 0.11 0.12 2.66 2.14 0.32 0.40 0.08 0.00

Low

Last

21

12-month Change

0.00 0.50 + 0.68 0.86 + 0.50 0.52 0.41 0.42 1.25 1.27 0.03 0.03 + 0.06 0.06 0.00 0.79 unch 0.24 0.24 0.13 0.14 + 0.00 0.19 + 0.00 0.99 0.21 0.21 0.17 0.18 6.92 7.22 + 5.49 5.83 + 0.00 0.17 unch 0.00 0.05 unch 0.04 0.04 0.00 0.23 0.78 0.84 + 0.32 0.32 unch 0.13 0.14 unch 0.00 0.49 + 3.46 3.56 + 0.00 0.00 0.10 0.10 0.00 0.13 unch 0.69 0.71 0.00 0.04 + 0.00 0.15 + 0.00 0.10 0.08 0.09 + 0.00 0.10 0.13 0.13 unch 0.00 0.12 0.00 0.14 0.00 0.05 0.06 0.06 0.00 0.41 0.47 0.53 + 0.05 0.06 + 0.00 0.07 unch 0.00 0.15 + 0.00 0.14 0.12 0.12 7.43 7.44 6.01 6.01 0.17 0.18 unch 0.00 0.74 + 0.00 0.82 + 52.15 52.17 42.06 42.17 0.00 0.20 + 0.00 0.16 + 0.05 0.06 + 0.07 0.07 0.92 0.97 + 0.42 0.42 0.51 0.54 0.18 0.20 + 0.23 0.24 0.02 0.03 unch 0.42 0.42 0.34 0.35 0.65 0.71 + 1.35 1.42 + 1.10 1.12 0.04 0.05 + 0.03 0.03 unch

High Low

0.03 0.04 0.02 0.03 0.14 0.00 0.01 0.00 0.01 0.01 0.02 0.07 0.02 0.00 0.16 0.11 0.00 0.00 0.00 0.04 0.05 0.00 0.00 0.01 0.06 0.00 0.00 0.00 0.05 0.03 0.01 0.02 0.01 0.02 0.00 0.00 0.01 0.00 0.01 0.00 0.02 0.01 0.00 0.01 0.01 0.00 0.37 0.31 0.00 0.04 0.05 4.15 3.37 0.01 0.00 0.01 0.01 0.04 0.03 0.01 0.01 0.01 0.00 0.12 0.08 0.02 0.01 0.02 0.01 0.00

1.05 0.99 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 0.50 0.31 0.94 3.88 0.02 0.17 0.50 1.75 0.06 0.32 0.23 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 11.70 8.97 0.24 1.03 0.83 65.37 50.13 0.27 0.22 0.26 0.34 1.94 0.48 0.61 0.40 0.46 0.35 2.01 1.55 4.09 3.13 2.47 0.05 0.04

0.17 0.23 0.25 0.17 0.62 0.02 0.02 0.59 0.08 0.08 0.11 0.31 0.20 0.16 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 0.05 0.06 0.05 0.14 0.11 6.56 5.18 0.07 0.14 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 0.13 0.88 0.83 0.01 0.00

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

0.11 0.14 0.01 0.80 0.90 0.04 0.01 0.14 0.00 0.54 0.67 0.00 0.01 0.00 0.00 0.01 0.05 0.02 0.01 0.04 0.02 0.00 0.01 0.06 0.00 0.02 0.00 0.03 0.03 0.08 0.07 0.02 0.04 0.05 0.00 0.00 0.02 0.01 4.89 3.98 0.06 0.05 0.04 0.04 0.03 0.05 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.06 0.07 0.27 0.00 1.33 0.02 0.05 0.01 0.01 0.02 0.03 0.01 0.00 0.01 0.55 0.44 0.49 0.00 0.01 0.43 0.43

1.50 1.85 0.95 42.40 50.45 0.76 0.85 1.12 0.09 18.71 22.96 0.18 0.23 0.18 0.24 0.75 0.61 0.45 0.35 7.25 0.42 0.50 1.00 1.47 0.16 0.99 0.65 0.89 0.73 1.63 0.90 1.00 1.02 0.41 0.35 0.25 1.84 1.45 36.60 28.75 1.15 0.89 1.22 0.26 0.33 0.92 0.11 0.15 0.19 0.28 0.37 0.28 0.22 0.97 1.16 4.20 8.55 11.11 0.60 1.00 0.54 0.15 0.80 0.66 1.00 0.79 0.94 12.93 13.11 16.07 0.07 0.08 5.80 5.83

0.24 0.30 0.01 18.13 23.47 0.04 0.53 0.21 0.00 9.72 8.90 0.09 0.11 0.08 0.10 0.18 0.14 0.16 0.12 0.40 0.17 0.00 0.35 0.28 0.12 0.15 0.11 0.34 0.27 0.68 0.33 0.01 0.26 0.17 0.11 0.11 1.00 0.77 11.40 8.95 0.13 0.10 0.15 0.05 0.07 0.17 0.04 0.05 0.00 0.05 0.17 0.04 0.03 0.38 0.50 0.25 4.39 4.80 0.14 0.45 0.04 0.06 0.18 0.28 0.55 0.42 0.44 9.11 5.68 7.73 0.00 0.04 1.92 1.91

0.25 0.25 0.29 0.33 0.03 0.04 + 0.04 0.04 unch 0.00 0.03 unch 0.06 0.06 0.00 0.07 23.48 24.65 + 0.00 0.90 0.89 0.89 0.72 0.72 0.00 0.39 + 0.09 0.09 0.12 0.12 0.07 0.09 + 0.00 0.06 0.00 0.05 0.24 0.24 0.09 0.12 0.00 0.16 + 0.40 0.42 0.31 0.31 0.38 0.38 0.11 0.11 unch 0.00 0.11 2.30 2.30 1.85 1.85 0.25 0.29 + 0.31 0.35 + 0.00 0.07 unch 0.00 0.05 unch

0.07 0.07 0.00 0.00 0.00 0.01 0.01 1.51 0.00 0.01 0.02 0.03 0.01 0.02 0.02 0.01 0.00 0.04 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.25 0.21 0.03 0.04 0.00 0.00

0.54 0.70 0.08 0.11

0.29 0.36 0.03 0.04

0.14 0.18 31.21 1.40 1.27 1.01 0.65 0.16 0.25 0.18 0.07 0.07 2.00 0.74 0.95 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 0.75 0.73 0.57 0.30 0.09 0.10 0.04 0.05 0.03 0.15 0.08 0.10 0.37 0.19 0.25 0.00 0.05 1.17 0.74 0.13 0.17 0.07 0.04

L 0.78 0.97 0.12 28.10 35.78 0.65 0.55 0.83 0.01 11.84 14.60 0.11 0.00 0.00 0.00 0.57 0.48 0.36 0.29 4.21 0.26 0.00 0.45 0.36 0.14 0.21 0.00 0.50 0.39 0.89 0.00 0.31 0.00 0.23 0.00 0.00 1.09 0.87 31.38 25.33 0.54 0.43 0.29 0.15 0.16 0.53 0.00 0.00 0.01 0.00 0.00 0.10 0.07 0.54 0.67 0.21 0.00 8.79 0.00 0.59 0.06 0.08 0.38 0.49 0.56 0.45 0.46 11.29 8.01 9.95 0.04 0.00 5.06 5.11

0.79 0.98 0.13 28.96 35.83 0.74 0.56 0.88 0.01 12.45 15.44 0.11 0.13 0.11 0.13 0.62 0.49 0.39 0.31 4.37 0.28 0.03 0.50 0.38 0.14 0.22 0.18 0.52 0.42 0.91 0.40 0.33 0.42 0.23 0.11 0.16 1.11 0.89 35.90 29.02 0.63 0.51 0.34 0.19 0.21 0.56 0.08 0.11 0.01 0.06 0.30 0.11 0.09 0.54 0.67 0.22 6.35 10.20 0.18 0.60 0.06 0.08 0.42 0.51 0.57 0.46 0.46 11.33 8.72 10.77 0.04 0.04 5.47 5.52

M

22

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NOVEMBER 8—21, 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 Silver Mantaro Silver* Maple Gold* Maple Gold Marathon Gold* Marathon Gold Margaret Lake 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 Matmown* Maverix Metals Maverix Metals* Mawson Res* Mawson Res MAX Res MaxTech Vent MaxTech Vent* Maxwell Res* Mayfair Gold* Mayfair Gold Mazarin McChip Res McEwen Mng* McEwen Mng McLaren Res MDN Inc* Mechel* Medallion Res* Medallion Res Medaro Mining Medaro Mining* Medgold Res* Medgold Res Medinah Mnrls* Mega Copper Mega Uranium* Mega Uranium MegaWatt Lith MegaWatt Lith* MegumaGold* MegumaGold 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 Mining Global* Minnova Corp Minsud Res Mirasol Res Mistango River Mkango Res ML Gold* ML Gold Corp Monarca Mnrls* Monarca Mnrls Monarch Min* Monarch Mining Moneta Porcpn Moneta Porcpn* Monitor Vent* Monitor Vent Montage Gold Montage Gold* Montego Res Monterey Min Montero Mg&Ex * Montero Mg&Ex Monument Mng Monument Mng* Monumental Gld Morien Res* Morien Res Mosaic* Mosaic Min Mount Gibson * Mountain Boy Mountain Boy* Mountain Prov* Mountain Prov MPV Explor Mundoro Cap* Mundoro Cap Murchison Min* Murchison Min Musk Metals Musk Metals*

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

64 585 208 2 743 71 1132 769 307 1409 1361 25 17 119 2254 0 1534 421 97 403 3 103 72 739 971 1 87 10 171 469 183 4374 291 464 137 6 1 461 6 16 13838 696 98 54 2466 821 585 707 335 27 238 34244 0 1122 4092 143 43 112 490 94 3 2427 355 50 0 8 539 227 392 392 11 6 52 575 3 0 0 345 983 1247 112 161 7126 3032 0 182 817 87 58 0 0 235 1307 118 3112 20 359 743 0 884 971 14 62 3338 4536 395 182 2 144 515 2 4409 468 738 0 5002 81 62 89 155 16 0 60 1611 7056 107 401 115 24 0 0 126 28 140 12 88 73 539 47 0 651 340 18109 53 4 94 23 1228 791 2190 2 47 435 3327 704 572

Week High

Low

Last

12-month Change

0.06 0.05 0.06 + 0.08 0.07 0.07 0.14 0.13 0.14 + 0.10 0.00 0.10 unch 0.24 0.19 0.19 0.21 0.16 0.16 0.29 0.25 0.28 + 0.35 0.30 0.35 + 2.57 2.26 2.26 3.08 2.78 2.80 0.04 0.03 0.04 + 0.03 0.03 0.03 unch 3.54 0.00 3.54 4.45 4.11 4.20 0.16 0.13 0.14 0.00 0.00 0.07 unch 395.88 381.59 392.84 + 0.13 0.11 0.11 0.11 0.09 0.09 0.11 0.00 0.11 unch 3.00 0.00 2.25 0.09 0.00 0.08 0.07 0.00 0.06 + 0.58 0.48 0.54 + 0.47 0.39 0.43 + 0.26 0.00 0.26 + 0.62 0.45 0.55 + 0.01 0.01 0.01 unch 6.44 5.93 5.93 5.22 4.77 4.82 0.18 0.13 0.14 0.23 0.17 0.18 0.21 0.17 0.20 0.06 0.04 0.05 unch 0.05 0.03 0.04 0.09 0.00 0.06 0.50 0.48 0.48 0.64 0.57 0.58 0.16 0.00 0.16 + 0.88 0.00 0.88 + 1.20 1.08 1.10 1.47 1.35 1.36 0.06 0.05 0.06 unch 0.36 0.32 0.35 + 4.70 4.03 4.20 0.13 0.10 0.12 0.16 0.14 0.14 0.80 0.70 0.77 unch 0.65 0.57 0.63 + 0.03 0.03 0.03 0.03 0.00 0.03 0.00 0.00 0.00 + 0.00 0.00 0.14 unch 0.30 0.26 0.26 0.37 0.32 0.32 0.20 0.15 0.18 0.16 0.12 0.13 0.05 0.04 0.04 0.05 0.05 0.05 0.31 0.28 0.29 + 0.23 0.00 0.23 1.18 0.91 0.96 0.97 0.74 0.76 0.09 0.00 0.09 unch 0.00 0.00 0.07 unch 0.05 0.00 0.05 + 0.04 0.00 0.04 0.42 0.35 0.36 0.34 0.28 0.29 0.16 0.00 0.13 0.14 0.00 0.11 0.02 0.02 0.02 unch 0.30 0.00 0.26 0.09 0.00 0.08 0.61 0.00 0.58 + 2.50 0.00 2.50 + 0.00 0.00 2.00 unch 0.13 0.10 0.12 + 0.15 0.14 0.15 + 0.30 0.26 0.27 0.29 0.25 0.29 + 0.05 0.04 0.05 + 0.16 0.08 0.09 unch 0.13 0.07 0.07 0.00 0.00 0.12 unch 0.64 0.58 0.61 + 0.40 0.36 0.40 + 0.27 0.24 0.24 0.30 0.00 0.30 unch 0.00 0.00 0.42 unch 0.00 0.00 0.05 unch 3.02 2.93 2.99 + 3.75 3.61 3.69 + 0.35 0.30 0.35 + 0.45 0.36 0.42 + 0.02 0.00 0.02 unch 0.06 0.05 0.05 0.08 0.07 0.07 0.00 0.00 0.08 unch 0.42 0.35 0.35 0.35 0.28 0.28 0.36 0.00 0.35 + 0.47 0.44 0.47 + 0.47 0.42 0.43 0.57 0.51 0.52 0.10 0.08 0.08 0.08 0.06 0.07 + 0.23 0.00 0.23 0.12 0.10 0.11 0.14 0.13 0.14 32.45 0.00 28.80 0.00 0.00 0.00 0.07 0.06 0.07 0.09 0.08 0.08 0.00 0.00 0.17 unch 0.00 0.00 0.00 unch 0.18 0.00 0.14 0.28 0.00 0.27 0.40 0.37 0.40 + 0.11 0.00 0.10 0.55 0.00 0.50 0.00 0.00 0.08 unch 0.09 0.00 0.09 0.13 0.08 0.12 + 0.16 0.09 0.16 + 0.66 0.60 0.60 0.82 0.74 0.76 1.79 1.65 1.67 1.43 1.29 1.33 0.00 0.00 0.11 unch 0.00 0.00 0.14 unch 0.69 0.65 0.65 0.57 0.00 0.53 0.02 0.02 0.02 unch 0.53 0.00 0.49 0.09 0.07 0.07 0.10 0.00 0.09 0.16 0.14 0.14 + 0.12 0.11 0.11 + 0.00 0.00 0.37 unch 0.25 0.21 0.24 0.30 0.27 0.29 42.95 40.42 41.57 0.10 0.09 0.10 + 0.37 0.37 0.37 unch 0.19 0.17 0.17 0.15 0.14 0.14 0.42 0.37 0.42 + 0.51 0.45 0.50 + 0.47 0.25 0.46 + 0.17 0.16 0.16 0.20 0.00 0.20 + 0.14 0.11 0.12 + 0.16 0.13 0.15 + 0.11 0.09 0.11 + 0.10 0.07 0.08 -

High Low

0.01 0.10 0.03 0.01 0.13 0.05 0.01 0.72 0.12 0.00 0.10 0.10 0.01 0.57 0.19 0.04 0.50 0.16 0.02 0.42 0.18 0.04 0.56 0.24 0.22 3.00 0.65 0.24 3.73 2.12 0.01 0.13 0.03 0.00 0.09 0.02 0.05 4.55 2.36 0.20 5.85 2.75 0.01 0.24 0.12 0.00 0.18 0.06 11.51 395.88 239.70 0.01 0.22 0.05 0.00 0.20 0.04 0.00 0.25 0.06 1.00 3.45 1.10 0.01 0.25 0.03 0.00 0.12 0.01 0.03 1.19 0.24 0.02 0.94 0.18 0.05 0.27 0.13 0.08 2.55 0.45 0.00 0.10 0.00 0.33 7.74 5.27 0.25 6.40 4.21 0.03 0.37 0.12 0.04 0.48 0.15 0.01 0.55 0.14 0.00 0.10 0.04 0.00 0.07 0.03 0.03 1.26 0.01 0.02 1.63 0.40 0.03 2.15 0.49 0.05 0.20 0.05 0.01 1.45 0.43 0.05 1.71 0.90 0.06 2.07 1.15 0.00 0.10 0.05 0.00 2.00 0.25 0.35 5.19 1.29 0.02 0.59 0.10 0.03 0.75 0.14 0.00 1.43 0.45 0.00 1.81 0.32 0.00 0.08 0.02 0.01 0.11 0.03 0.00 0.01 0.00 0.00 0.28 0.11 0.03 0.34 0.08 0.04 0.42 0.11 0.01 1.17 0.15 0.02 0.90 0.12 0.01 0.11 0.04 0.01 0.15 0.05 0.01 1.03 0.24 0.01 0.82 0.22 0.19 1.25 0.11 0.15 1.02 0.14 0.00 0.17 0.05 0.00 0.12 0.00 0.01 0.11 0.03 0.01 0.13 0.03 0.06 0.88 0.32 0.04 0.71 0.25 0.03 0.57 0.11 0.03 0.45 0.09 0.00 0.04 0.02 0.02 0.57 0.23 0.01 0.20 0.07 0.03 0.69 0.08 0.01 3.50 2.20 0.00 2.62 1.78 0.01 0.20 0.03 0.02 0.21 0.05 0.01 0.31 0.05 0.05 0.59 0.19 0.00 0.13 0.04 0.00 0.16 0.04 0.00 0.13 0.03 0.00 0.15 0.08 0.03 0.99 0.52 0.04 0.71 0.12 0.03 0.40 0.00 0.00 0.42 0.19 0.00 0.60 0.40 0.00 0.04 4.16 1.00 0.04 5.25 1.44 0.04 0.38 0.27 0.05 0.74 0.30 0.00 0.04 0.01 0.00 0.12 0.04 0.01 0.15 0.05 0.00 0.20 0.07 0.05 0.69 0.23 0.04 0.54 0.17 0.00 0.52 0.24 0.03 0.65 0.30 0.01 0.63 0.38 0.01 0.78 0.48 0.02 0.25 0.08 0.00 0.17 0.06 0.02 0.30 0.13 0.00 0.24 0.10 0.01 0.32 0.12 0.80 44.65 18.30 0.00 0.00 0.00 0.00 0.08 0.04 0.01 0.18 0.05 0.00 0.48 0.16 0.00 0.00 0.00 0.02 0.49 0.13 0.01 0.30 0.04 0.04 0.69 0.31 0.01 0.41 0.07 0.02 0.59 0.15 0.00 0.12 0.06 0.02 0.15 0.09 0.05 0.17 0.04 0.07 0.22 0.05 0.03 0.90 0.52 0.01 1.31 0.59 0.10 2.85 0.69 0.14 1.84 1.25 0.00 0.37 0.07 0.00 0.43 0.10 0.04 1.06 0.60 0.03 0.85 0.47 0.00 0.04 0.01 0.03 5.20 0.21 0.01 0.86 0.05 0.01 0.95 0.07 0.01 0.21 0.08 0.01 0.16 0.00 0.00 0.65 0.28 0.00 0.51 0.10 0.01 0.64 0.14 0.44 43.24 16.01 0.01 0.19 0.05 0.00 0.74 0.37 0.01 0.51 0.15 0.01 0.41 0.12 0.06 0.64 0.26 0.04 0.82 0.34 0.20 1.35 0.25 0.01 0.27 0.11 0.01 0.35 0.15 0.01 0.15 0.03 0.01 0.16 0.06 0.02 0.17 0.06 0.00 0.12 0.00

N-O 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

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

14749 80 109 212 307 4637 9 7764 1769 3206 190 190 32 3 2996

0.01 32.54 0.26 0.22 34.92 0.01 1.41 0.60 0.47 6.28 0.80 0.42 0.34 0.61 0.99

0.00 0.01 30.09 31.04 0.25 0.25 0.20 0.20 28.65 31.19 0.00 0.00 1.29 1.29 0.44 0.49 0.36 0.40 6.22 6.26 0.66 0.79 0.37 0.38 0.30 0.32 0.00 0.56 0.81 0.81

+ + + -

0.00 1.28 0.01 0.00 2.11 0.00 0.13 0.03 0.03 0.03 0.12 0.05 0.02 0.01 0.18

0.02 44.00 0.43 0.40 34.92 0.04 5.00 1.31 1.21 6.32 0.79 2.05 1.62 1.25 3.15

0.00 18.80 0.19 0.14 11.99 0.00 1.05 0.08 0.00 0.92 0.15 0.28 0.20 0.11 0.49

(100s) Stock

Exc Volume

Nevada Copper* Nevada Expl Nevada Expl * 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 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 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 Nobel Res Nobel Res* Noble Metal * Noble Metal Noble Mineral Noble Mineral* Noka Res* Noram Vent* Noram Vent Noranda Alum* Norilsk Nickel* Noront Res* Noront Res Norra Metals Norrland Gold Norse Gold Norseman Silv Norsemont Cap* Norsemont Cap Nortec Mnls* Nortec Mnls North Am Nickl North Am Nickl* North Arrow Mn* North Arrow Mn North Bay Res * North Peak Res* North Peak Res 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 NovX21* NQ Minerals Pl* 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 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

O 908 V 550 O 313 O 751 V 951 C 2835 V 779 V 222 O 134 V 686 V 0 O 16 V 202 O 728 V 581 V 271 O 3 V 9 V 803 T 6157 X 34573 O 1440 O 2 T 382 X 680 V 650 O 98 V 58 V 4 C 428 O 102 V 740 O 219 T 2 O 8 C 2101 V 0 T 1020 N 35294 V 43 V 734 O 505 O 163 V 825 T 21 N 1558 X 11381 T 11967 T 730 O 632 V 11658 C 549 O 170 V 1843 O 29 V 569 O 42 O 612 T 1246 V 7 V 2129 O 1320 O 68 V 520 O 43 T 139 V 277 V 24 T 498 O 1057 V 0 V 4735 O 591 O 710 V 19 V 491 O 482 O 19 O 126 V 212 O 0 O 304 O 225 V 2798 V 467 V 1 V 0 V 171 O 37 C 622 O 201 V 43 V 793 O 75 O 110 V 1038 O 671487 O 154 V 139 O 54 T 11 C 3431 O 139 V 1592 V 184 O 49 C 215 O 48 O 1088 V 8231 V 6705 T 2843 O 805 V 513 N 427 T 608 X 4082 T 708 O 10 O 51 V 635 O 204 V 0 O 0 O 35 V 3838 V 234 O 439 V 0 C 71 C 56 T 2857 X 77834 V 201 O 9 O 262 C 11605 O 1288 V 3108 N 6235 T 5336 O 114 V 398 V 464 V 656 O 4 T 3477 V 162 O 10 V 638 O 95 V 0 O 139 V 98 V 371 O 38 O 249 V 143 O 190 C 534 V 231 O 90 V 189 O 70 V 212 V 1 O 0 V 431 O 1636 V 3023 O 1255 V 0 O 5102 T 2645

(100s) Stock

Week High 0.81 0.09 0.08 0.33 0.40 0.78 0.49 0.08 0.06 0.11 0.00 0.42 0.55 0.11 0.13 0.07 0.06 0.08 10.86 1.84 1.49 0.55 0.00 4.89 3.97 0.12 0.09 0.51 0.15 0.07 2.36 0.57 0.45 23.19 19.12 0.37 0.00 72.56 58.60 0.13 0.45 0.02 0.08 0.10 14.10 11.98 6.22 7.70 3.86 0.03 0.04 0.59 0.48 1.25 1.22 0.93 0.74 0.09 0.10 0.04 0.18 0.14 0.11 0.14 0.73 0.89 0.45 0.11 1.04 0.87 0.00 0.90 0.74 0.00 0.01 0.13 0.10 0.38 0.60 0.74 0.00 33.03 0.70 0.87 0.05 0.12 0.00 0.33 0.66 0.87 0.02 0.02 0.41 0.33 0.06 0.08 0.00 0.71 0.87 0.00 0.05 0.04 0.03 0.06 0.25 0.19 0.26 0.20 0.84 1.10 0.11 0.07 0.06 10.17 8.24 9.77 7.88 1.78 0.00 0.02 0.56 0.46 0.00 0.30 0.18 0.05 0.63 0.51 0.00 0.18 0.09 0.65 0.54 0.25 0.19 0.02 0.02 0.04 0.05 70.91 87.83 0.12 0.15 0.18 2.08 1.86 2.41 0.14 0.11 0.57 0.46 0.00 0.04 0.06 0.13 0.11 0.13 0.17 0.08 0.09 0.42 0.34 0.17 0.13 0.50 0.21 0.00 0.05 0.00 0.50 0.40 0.00 0.19 0.23

12-month

Low

Last

Change

0.66 0.08 0.06 0.27 0.34 0.47 0.33 0.07 0.05 0.06 0.00 0.32 0.41 0.09 0.12 0.00 0.06 0.00 9.61 1.67 1.34 0.37 0.00 4.18 3.36 0.00 0.08 0.00 0.00 0.00 2.00 0.50 0.40 0.00 18.50 0.27 0.00 66.81 53.99 0.00 0.44 0.01 0.06 0.00 0.00 7.90 5.28 6.54 3.31 0.02 0.03 0.44 0.36 0.98 0.00 0.83 0.65 0.07 0.09 0.00 0.12 0.09 0.10 0.12 0.67 0.82 0.00 0.00 0.91 0.75 0.00 0.69 0.58 0.00 0.00 0.11 0.09 0.35 0.56 0.69 0.00 30.98 0.65 0.81 0.00 0.00 0.00 0.29 0.60 0.73 0.01 0.00 0.38 0.30 0.06 0.07 0.00 0.49 0.66 0.00 0.00 0.03 0.02 0.05 0.22 0.00 0.22 0.18 0.48 0.59 0.09 0.06 0.04 9.42 7.60 9.03 7.29 1.64 0.00 0.02 0.51 0.39 0.00 0.00 0.00 0.00 0.54 0.43 0.00 0.00 0.08 0.52 0.43 0.22 0.17 0.01 0.02 0.03 0.04 69.18 85.54 0.10 0.12 0.12 1.97 1.79 2.24 0.00 0.11 0.50 0.41 0.00 0.03 0.00 0.12 0.00 0.12 0.15 0.06 0.08 0.37 0.30 0.15 0.12 0.41 0.00 0.00 0.00 0.00 0.41 0.33 0.00 0.15 0.18

0.67 0.09 unch 0.07 0.28 0.35 0.50 0.38 + 0.07 0.05 0.07 0.12 unch 0.42 + 0.53 + 0.10 + 0.12 unch 0.05 + 0.06 unch 0.08 + 9.63 1.74 1.39 0.51 + 0.00 unch 4.35 3.53 0.11 0.08 0.50 unch 0.15 unch 0.06 2.31 + 0.54 + 0.44 + 23.11 + 18.50 0.33 + 0.29 unch 66.82 54.00 0.12 + 0.45 unch 0.01 0.06 0.08 10.50 8.45 5.51 6.84 3.39 + 0.02 0.03 0.49 0.38 1.11 + 0.92 + 0.84 0.67 0.07 0.09 0.04 unch 0.14 0.11 0.11 0.12 0.71 0.88 unch 0.44 + 0.09 0.96 0.78 0.03 unch 0.83 + 0.68 + 0.00 unch 0.01 0.12 + 0.10 + 0.38 + 0.57 0.71 unch 0.01 unch 31.22 0.65 0.82 0.05 unch 0.12 unch 0.06 unch 0.30 0.60 0.73 0.02 0.02 unch 0.40 + 0.31 + 0.06 + 0.08 + 0.00 0.55 0.71 0.00 + 0.05 0.04 + 0.02 + 0.05 0.22 0.18 0.23 0.18 0.73 + 0.91 + 0.10 unch 0.06 0.05 + 10.08 + 8.22 + 9.04 7.31 1.64 0.00 unch 0.02 unch 0.52 + 0.42 + 0.38 unch 0.50 + 0.18 + 0.05 0.58 unch 0.50 + 0.26 unch 0.17 + 0.08 0.54 + 0.43 + 0.23 unch 0.19 + 0.01 0.02 unch 0.04 + 0.05 69.91 86.50 0.10 0.13 0.13 1.99 1.79 2.31 + 0.13 unch 0.11 unch 0.55 + 0.45 + 0.04 unch 0.04 0.05 0.13 unch 0.11 + 0.12 0.16 0.06 0.08 0.39 0.30 0.15 0.12 + 0.45 unch 0.21 0.04 unch 0.05 + 0.00 unch 0.44 0.36 0.20 unch 0.16 + 0.20 +

0.13 0.00 0.00 0.04 0.05 0.08 0.07 0.02 0.00 0.05 0.00 0.10 0.11 0.00 0.00 0.01 0.00 0.01 0.36 0.01 0.01 0.08 0.00 0.07 0.03 0.01 0.01 0.00 0.00 0.01 0.38 0.04 0.04 0.11 0.26 0.07 0.00 4.39 3.61 0.01 0.00 0.00 0.01 0.02 2.85 2.41 0.40 0.46 0.08 0.01 0.01 0.02 0.03 0.13 0.16 0.06 0.05 0.00 0.01 0.00 0.03 0.03 0.00 0.01 0.01 0.00 0.01 0.01 0.06 0.06 0.00 0.13 0.09 0.00 0.01 0.01 0.01 0.03 0.01 0.00 0.00 1.34 0.02 0.02 0.00 0.00 0.00 0.04 0.10 0.16 0.00 0.00 0.01 0.01 0.00 0.02 0.00 0.09 0.07 0.00 0.01 0.01 0.00 0.01 0.03 0.02 0.02 0.02 0.23 0.31 0.00 0.01 0.00 0.62 0.59 0.43 0.33 0.06 0.00 0.00 0.01 0.00 0.00 0.20 0.01 0.01 0.00 0.04 0.00 0.07 0.01 0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.17 0.19 0.02 0.02 0.05 0.01 0.12 0.07 0.00 0.00 0.03 0.01 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.02 0.02 0.01 0.02 0.01 0.00 0.00 0.09 0.00 0.01 0.00 0.10 0.08 0.00 0.02 0.03

High Low 0.99 0.22 0.17 1.50 0.84 0.78 0.53 0.20 0.16 0.18 0.19 0.50 0.65 0.19 0.24 0.11 0.17 0.12 13.50 3.05 2.40 0.60 0.00 9.02 5.84 0.38 0.29 0.55 0.28 0.15 4.07 0.85 0.64 30.25 22.70 0.61 0.31 90.94 75.31 0.30 0.60 0.08 0.17 0.22 15.87 12.86 6.49 8.02 5.30 0.08 0.09 0.95 0.73 1.25 1.22 1.14 2.00 0.15 0.19 0.07 1.18 0.93 0.20 0.25 1.17 1.48 1.19 0.28 2.08 1.65 0.06 0.85 0.70 0.02 0.03 0.21 0.17 0.89 0.99 1.25 0.15 38.21 0.70 0.87 0.14 0.39 0.15 0.76 1.20 1.49 0.12 0.06 0.46 0.36 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 14.98 11.50 3.70 0.04 0.12 0.70 0.55 0.69 0.50 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 0.16 0.21 72.21 89.67 0.34 0.40 0.38 3.38 2.40 2.74 0.32 0.25 0.79 0.67 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

0.39 0.08 0.06 0.23 0.29 0.30 0.22 0.05 0.04 0.05 0.10 0.21 0.20 0.04 0.06 0.05 0.04 0.07 3.08 1.29 1.01 0.22 0.00 3.58 2.83 0.08 0.06 0.19 0.15 0.05 1.42 0.45 0.36 20.16 16.01 0.13 0.06 66.85 53.03 0.11 0.34 0.00 0.05 0.07 7.60 5.39 1.62 2.16 0.45 0.02 0.03 0.30 0.24 0.43 0.38 0.23 0.17 0.05 0.08 0.03 0.07 0.06 0.07 0.09 0.58 0.73 0.32 0.10 0.69 0.53 0.02 0.31 0.35 0.00 0.01 0.07 0.05 0.32 0.09 0.12 0.01 23.23 0.11 0.15 0.04 0.12 0.05 0.19 0.36 0.45 0.01 0.02 0.14 0.11 0.03 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 3.40 5.07 8.21 6.48 1.56 0.00 0.00 0.21 0.16 0.30 0.28 0.03 0.03 0.49 0.38 0.21 0.10 0.04 0.39 0.31 0.21 0.17 0.00 0.01 0.03 0.04 37.79 49.88 0.09 0.12 0.12 1.91 0.00 1.58 0.12 0.10 0.35 0.28 0.04 0.03 0.04 0.09 0.00 0.12 0.14 0.05 0.06 0.12 0.09 0.14 0.11 0.33 0.12 0.02 0.03 0.00 0.41 0.32

0.26 0.06 0.31 0.08

Orefinders Res Orestone Mng Orex Mnrls* Orex Mnrls Orezone Gold Orezone Gold* Orford Mining Origen Res* Origen Res Original Sixtn* Orla Mining Oroco Res* Oroco Res Orocobre Oronova Energy* 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 High

Low

0.06 0.07 0.06 0.06 0.08 0.08 0.10 0.10 1.13 1.20 0.93 0.97 0.00 0.20 0.00 0.33 0.32 0.34 0.45 0.81 4.17 4.36 2.24 2.46 2.74 3.06 8.16 8.29 0.00 0.05 0.00 0.25 0.00 0.25 0.20 0.20 0.32 0.33 0.28 0.28 0.88 0.93 1.09 1.14 4.18 4.18 12.43 12.63 15.40 15.63 0.32 0.34 0.39 0.43 2.56 2.67 0.05 0.05 0.06 0.06 0.15 0.23 0.19 0.27 0.15 0.15 0.19 0.19 0.00 18.74

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

1439 463 172 112 835 150 49 11 153 38 960 395 869 200 0 88 7 2 86 10 103 262 44 2294 1670 43 390 3954 52 405 118 1250 150 359 1

0.07 0.07 0.10 0.12 1.35 1.12 0.20 0.33 0.39 0.81 4.53 2.52 3.11 8.97 0.00 0.27 0.26 0.20 0.36 0.29 1.02 1.26 4.45 13.06 16.11 0.34 0.43 2.86 0.06 0.07 0.23 0.29 0.16 0.20 18.75

P2 Gold* O P2 Gold V Pac Arc Res V Pac Bay Mnrls V Pac Bay Mnrls* O Pac Booker Min V Pac Booker Min* O Pac Imperial V Pac Ridge Expl V Pac Ridge Expl* O Pac Wildcat* O Pacific Empire* O Pacific Empire V Pacific Silk V Pacific Silk* O Pacton Gold V Paladin Energy* O Palamina Corp V Palamina Corp* O 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 V Pan Global Res* O Pancontinental* O Pancontinental V Pangolin Dia V Panoro Mnrls* O Panoro Mnrls V Pantera Silver V PanTerra Gold* O Pantheon Vent V Para Resources V Parallel Mng V Paramount Gold* X 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 C Peloton Mnrls* O PepinNini Lith* O Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal* O Peruvian Metal V Petra Diamonds* O O Petrolympic* Petrolympic V Phenom Res V Phenom Res* O Philex Mng* O Philippine Mtl V Phoenix Global* O Phoenix Gold V Phoenix Metals V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJSC Polyus Gd* O PJX Res V Plata Latina V Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PNG Copper C PolyMet Mng* X PolyMet Mng T Portex Mnrls* O Portofino Res V Portofino Res* O O Power Group* Power Group V Power Metals* O Power Metals V PPX Mining* O Precipitate Gl* O Precipitate Gl V Pretium Res* N Pretium Res T Prime Meridian V Prime Mining* O Prime Mining V Prism Res V Prismo Metals C ProAm Expl V Probe Metals* O Probe Metals V Prog Planet V 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 O QC Precious * 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

358 451 0 28 0 13 7 390 219 280 306 30 1926 3 18 264 4056 403 44 1663 329 441 1170 389 5 217 1625 6510 515 43 208 209 397 150 431 543 242 221 257 0 465 296 12 176 0 73 38903 3052 729 9 24 99 27 1 142 340 64 1071 80 3 30 0 45 35 85 172 434 0 8 746 312 60 711 32 5 355 33 13 519 539 3069 37 854 49 638 463 9 2 944 2027 0 593 244 605 1 337 414 6530 2069 732 89 1569 0 46 0 21 109 682 3 124 481 244 391 101 511 543 311 79 52 740 2 734 428 1146 1771 2230 16 4 488 766 113 301 5 22 329 260 2 141 64 156 0 2 4

0.52 0.57 0.00 0.13 0.00 2.75 2.12 0.03 0.14 0.11 0.00 0.04 0.05 0.03 0.02 0.51 0.73 0.32 0.26 0.08 0.02 0.03 0.22 0.18 0.34 0.43 33.22 26.78 0.69 0.57 0.10 0.13 0.02 0.15 0.19 0.21 0.07 0.19 0.42 0.00 0.91 0.05 0.65 0.83 0.00 0.09 14.71 0.10 0.10 0.12 0.16 0.08 0.07 0.42 6.18 5.00 1.55 0.05 0.04 0.12 0.15 0.00 0.06 0.07 0.60 0.48 0.10 0.00 1.00 0.46 0.30 0.69 0.86 0.18 101.14 0.17 0.03 0.04 0.05 3.10 2.50 0.04 0.18 0.14 0.08 3.39 4.18 0.00 0.14 0.11 0.00 0.05 0.19 0.23 0.00 0.10 0.12 12.42 15.33 0.12 4.15 5.24 0.00 0.34 0.00 1.65 2.02 0.53 3.55 0.23 1.50 0.80 0.16 0.08 0.06 0.15 0.12 0.82 0.48 0.60 0.02 1.67 2.06 0.83 1.03 0.15 0.11 0.13 0.38 0.31 0.20 0.25 0.11 0.08 0.23 0.28 0.10 0.06 0.08 2.24 1.65 0.21 0.28

Last

12-month Change

Stock

Quaterra Res Quaterra Res* Quebec Nickel Quebec Silica Questex Gold* Questex Gold

V O C C O V

Rackla Metals Radisson Mng Radius Gold Rain City Raindrop Vent Rainforest Res* Rainy Mtn Royl Rainy Mtn Royl* Rambler Metals* Ranchero Gold 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 Resource Cap* Reunion Gold* Reunion Gold Revival Gold * Revival Gold Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold* Riley Gold Rio Silver Rio Silver* Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited Rio2 Limited* Rise Gold Corp* Rise Gold Corp Riverside Res Riverside Res* RJK Explor* RJK Explor Robex Res Rochester Res* Rochester Res Rock Tech Lith* Rock Tech Lith Rockcliff Met* Rockcliff Met Rockex Mng Rockhaven Re* Rockhaven Res Rockland Res Rockridge Res Rockwealth Res Rogue Res* Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RooGold* RooGold RosCan Gold* RosCan Gold Ross River* Ross River Rover Metals* Rover Metals Royal Fox Gold Royal Fox Gold* Royal Gold* Royal Mines &M* 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* Sage Gold* Sailfish Rylty Saint Jean Saint Jean* Salazar Res* Salazar Res Salt Lake Pot* Sama Res Sama Res* Samco Gold San Gold Corp* San Lorenzo* San Lorenzo Sanatana Res Sanatana Res* Sandfire Res* Sandfire Res Sandstorm Gold* Sandstorm Gold Santacruz Silv Sarama Res Sarissa Res* Sassy Res Sassy Res* Satori Res* Satori Res Saturn Mnrls Savannah Min Saville Res Scandium Intl* Scandium Intl Scorpio Gold Scorpio Gold * Scotch Creek Scotch Creek* Scottie Res* Scottie Res ScoZinc Mg 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 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

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

0.00 0.00 0.00 0.01 0.09 0.08 0.01 0.00 0.01 0.46 0.16 0.18 0.23 0.13 0.00 0.00 0.02 0.00 0.03 0.01 0.07 0.11 0.34 0.19 0.25 0.01 0.02 0.10 0.01 0.01 0.02 0.03 0.00 0.01 1.15

0.19 0.16 0.18 0.23 1.70 1.39 0.27 0.33 0.55 0.81 7.30 3.02 3.66 9.17 0.05 0.67 0.37 0.29 0.54 0.39 1.40 1.61 10.10 15.12 18.40 0.42 0.52 4.12 0.09 0.10 1.22 1.55 0.40 0.69 21.04

0.05 0.05 0.06 0.08 0.81 0.61 0.13 0.20 0.12 0.06 3.71 0.86 1.15 2.28 0.03 0.23 0.20 0.02 0.22 0.18 0.80 1.01 3.94 9.77 12.39 0.27 0.35 2.33 0.03 0.04 0.15 0.19 0.13 0.16 10.36

0.43 + 0.51 + 0.14 unch 0.13 0.09 unch 2.30 2.10 unch 0.03 0.14 + 0.10 0.00 unch 0.04 + 0.04 + 0.03 + 0.02 0.49 + 0.63 0.28 0.23 0.07 0.02 + 0.02 0.21 0.17 0.34 unch 0.41 31.67 25.61 0.62 0.53 0.10 + 0.13 unch 0.01 0.15 + 0.18 0.19 + 0.06 0.18 0.40 + 0.15 unch 0.80 0.05 0.65 0.77 0.10 unch 0.09 11.89 0.08 0.07 0.11 0.15 0.08 0.07 + 0.42 + 5.93 4.76 1.47 0.05 unch 0.04 unch 0.12 0.15 + 0.03 unch 0.05 0.07 unch 0.53 unch 0.42 0.09 + 0.10 unch 1.00 + 0.45 + 0.24 0.64 + 0.80 + 0.13 100.00 0.17 unch 0.03 unch 0.04 + 0.05 unch 2.85 2.30 0.04 unch 0.16 0.14 + 0.08 3.35 + 4.15 + 0.00 unch 0.12 0.10 0.03 unch 0.05 + 0.17 0.21 0.00 + 0.09 + 0.11 + 12.08 + 14.97 + 0.12 + 3.71 4.36 0.09 unch 0.34 + 0.06 unch 1.59 + 2.02 + 0.49 + 3.07 0.20 unch 1.47 + 0.67 0.15 + 0.07 unch 0.06 unch 0.13 0.11 0.73 0.47 + 0.57 + 0.02 + 1.51 + 1.90 + 0.78 0.96 0.13 0.11 0.13 unch 0.37 + 0.30 + 0.19 0.25 + 0.11 + 0.08 unch 0.21 0.26 0.10 unch 0.06 + 0.08 unch 1.79 1.65 0.21 + 0.24 -

0.10 0.06 0.00 0.01 0.00 0.30 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.04 0.04 0.04 0.02 0.01 0.00 0.01 0.01 0.01 0.00 0.02 0.54 0.42 0.05 0.04 0.00 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.01 0.00 0.04 0.01 0.08 0.07 0.00 0.00 2.26 0.02 0.01 0.01 0.01 0.01 0.00 0.09 0.02 0.04 0.02 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.06 0.03 0.06 0.01 0.02 0.03 0.45 0.00 0.00 0.00 0.00 0.07 0.08 0.00 0.02 0.01 0.01 0.13 0.15 0.00 0.01 0.01 0.00 0.01 0.01 0.02 0.00 0.02 0.01 0.77 0.98 0.01 0.08 0.39 0.00 0.01 0.00 0.09 0.13 0.10 0.46 0.00 0.22 0.10 0.01 0.00 0.00 0.02 0.01 0.09 0.07 0.04 0.00 0.12 0.17 0.04 0.04 0.01 0.00 0.00 0.01 0.01 0.00 0.02 0.01 0.00 0.00 0.02 0.00 0.00 0.00 0.36 0.22 0.12 0.02

0.52 0.65 0.26 0.18 0.10 3.75 3.10 0.08 0.33 0.30 0.01 0.09 0.13 0.06 0.04 1.19 0.80 0.37 0.36 1.09 0.10 0.04 0.40 0.32 1.07 0.72 50.70 39.62 0.84 0.68 0.16 0.20 0.05 0.18 0.23 0.29 0.07 1.02 0.65

0.23 0.30 0.14 0.08 0.08 1.33 1.15 0.02 0.05 0.04 0.00 0.03 0.04 0.02 0.01 0.38 0.08 0.16 0.13 0.03 0.00 0.01 0.11 0.10 0.23 0.27 27.97 22.27 0.35 0.00 0.06 0.08 0.02 0.08 0.11 0.12 0.05 0.05 0.25

1.59 0.09 2.66 3.08 0.50 0.23 19.83 0.10 0.10 0.17 0.23 0.15 0.12 0.42 14.70 9.45 1.65 0.07 0.10 0.14 0.17 0.03 0.12 0.15 0.85 1.10 0.14 0.12 1.29 0.59 0.55 0.72 0.90 0.42 123.00 0.25 0.06 0.06 0.09 8.00 6.27 0.05 0.30 0.23 0.26 5.41 6.71 0.03 0.23 0.20 0.10 0.16 0.35 0.43 0.50 0.24 0.30 13.56 17.72 0.17 4.15 5.24 0.14 0.62 0.11 1.71 2.15 0.50 13.50 0.52 1.48 2.40 0.18 0.20 0.16 0.94 0.85 11.40 0.50 0.64 0.03 2.07 2.63 2.42 3.08 0.20 0.39 0.50 0.47 4.12 0.27 0.33 0.26 0.21 0.47 0.60 0.22 0.16 0.19 5.85 5.85 0.29 0.36

0.76 0.02 0.60 0.71 0.09 0.03 0.80 0.03 0.02 0.08 0.11 0.07 0.06 0.11 5.73 4.58 0.99 0.04 0.00 0.02 0.04 0.01 0.04 0.04 0.35 0.26 0.06 0.04 0.40 0.15 0.24 0.18 0.21 0.13 80.55 0.12 0.03 0.04 0.04 2.26 1.70 0.03 0.10 0.00 0.06 2.69 3.28 0.00 0.08 0.06 0.03 0.04 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 0.05 2.50 0.10 0.20 0.50 0.07 0.07 0.00 0.12 0.00 0.69 0.11 0.14 0.01 0.06 0.65 0.63 0.81 0.04 0.08 0.09 0.12 0.11 0.15 0.20 0.08 0.06 0.14 0.20 0.05 0.04 0.05 0.55 0.14 0.00 0.12

P-Q 0.33 0.41 0.00 0.00 0.00 0.00 2.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.45 0.63 0.27 0.23 0.06 0.02 0.00 0.21 0.17 0.34 0.40 31.64 25.56 0.61 0.53 0.09 0.12 0.00 0.15 0.18 0.18 0.06 0.17 0.00 0.00 0.79 0.04 0.60 0.73 0.00 0.09 11.29 0.08 0.06 0.11 0.15 0.08 0.06 0.42 5.71 4.61 1.45 0.00 0.03 0.12 0.14 0.00 0.05 0.00 0.51 0.40 0.00 0.00 0.94 0.40 0.24 0.63 0.78 0.13 0.00 0.00 0.00 0.00 0.04 2.82 2.28 0.00 0.15 0.13 0.06 3.08 3.81 0.00 0.11 0.09 0.00 0.00 0.16 0.21 0.00 0.08 0.10 11.46 14.18 0.00 3.71 4.28 0.00 0.28 0.00 1.54 1.88 0.39 0.00 0.18 1.19 0.62 0.15 0.00 0.06 0.13 0.10 0.69 0.42 0.50 0.01 1.37 1.68 0.76 0.93 0.12 0.10 0.00 0.35 0.28 0.18 0.22 0.00 0.08 0.20 0.26 0.00 0.06 0.00 1.67 0.00 0.00 0.00

(100s)

High Low

Exc Volume

Week

12-month

High

Low

Last

Change

High Low

477 633 853 1253 199 196

0.19 0.15 0.38 0.23 0.63 0.77

0.13 0.11 0.29 0.14 0.57 0.67

0.16 0.14 0.38 0.17 0.59 0.68

+ + + + -

0.04 0.04 0.10 0.01 0.02 0.10

0.30 0.25 0.39 0.27 1.07 1.37

0.06 0.04 0.10 0.05 0.36 0.47

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

0 736 475 150 1122 11 5 0 1 0 618 300 5 544 905 1861 27 510 230 0 210 472 156 375 282 841 79 81 214 1082 631 29 39 221 335 533 60 104 21 230 5 16385 1 240 253 54 68 487 259 58 296 177 0 3 163 570 19 115 3 47 224 120 1077 29 0 41 882 107 230 961 55 74 19 1146 2365 2 0 194 736 2311 13 1992 10 959 23 368 1 54 110 1 163 9 476 91

0.00 0.24 0.34 0.07 0.44 2.53 0.21 0.00 0.51 0.00 1.95 0.04 0.11 0.14 0.05 0.06 0.00 0.55 1.06 0.00 0.07 0.08 0.06 0.00 0.12 0.15 0.52 0.63 0.21 0.60 0.74 0.90 0.05 0.40 0.05 0.06 0.38 0.44 0.06 0.05 66.26 66.97 69.00 0.65 0.53 0.36 0.44 0.17 0.13 0.11 0.14 0.40 0.00 0.07 6.99 8.58 0.06 0.08 0.00 0.09 0.11 0.16 0.11 0.24 0.00 0.12 0.65 0.32 0.40 0.05 0.04 0.23 0.30 0.26 0.32 0.00 0.00 0.06 0.07 0.07 0.05 102.50 0.00 0.30 0.07 0.09 0.12 0.12 0.14 0.00 4.95 4.15 0.06 0.05

0.41 unch 0.20 + 0.32 0.07 unch + 0.42 2.29 0.21 0.10 unch + 0.25 0.08 unch 1.66 0.04 unch 0.11 unch 0.11 0.04 0.05 unch 0.00 unch 0.50 1.02 0.21 unch + 0.07 + 0.08 0.06 0.00 unch + 0.11 + 0.14 + 0.50 + 0.63 0.17 + 0.59 0.71 + 0.89 0.05 unch 0.38 + 0.04 + 0.06 + 0.32 + 0.41 + 0.06 + 0.05 63.07 63.27 67.63 0.62 0.50 + 0.36 0.44 0.15 0.13 0.11 0.12 0.40 unch 0.04 unch 0.07 unch 6.28 7.90 0.05 0.07 unch 0.04 unch 0.08 0.10 0.14 + 0.11 0.19 0.06 unch 0.12 + 0.58 0.31 + 0.40 0.05 unch + 0.04 0.20 0.25 + 0.24 + 0.29 0.00 unch 0.26 unch + 0.05 0.07 0.06 0.05 unch 99.02 0.00 unch + 0.30 + 0.07 + 0.09 0.12 unch + 0.12 + 0.14 0.02 unch 4.45 3.64 0.06 0.05

0.00 0.03 0.01 0.00 0.07 0.24 0.03 0.00 0.05 0.00 0.23 0.00 0.00 0.02 0.00 0.00 0.00 0.03 0.02 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.02 0.02 0.01 0.01 0.02 0.00 0.02 0.01 0.01 0.00 0.02 0.01 0.01 1.28 2.61 2.37 0.03 0.03 0.02 0.01 0.02 0.00 0.00 0.02 0.00 0.00 0.00 0.26 0.28 0.01 0.00 0.00 0.00 0.01 0.02 0.01 0.03 0.00 0.02 0.01 0.01 0.01 0.00 0.00 0.02 0.01 0.01 0.02 0.00 0.00 0.00 0.01 0.01 0.00 0.13 0.00 0.02 0.01 0.01 0.00 0.02 0.02 0.00 0.39 0.21 0.01 0.00

0.50 0.40 0.36 0.12 0.44 14.50 0.26 0.15 2.00 2.45 4.13 0.12 0.25 0.49 0.53 0.19 0.01 0.95 1.42 0.37 0.11 0.12 0.13 0.01 0.12 0.15 0.87 1.08 0.25 1.25 1.48 1.70 0.07 0.77 0.18 0.23 0.61 0.74 0.11 0.11 94.42 95.97 108.00 1.03 0.85 0.78 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 0.00

0.15 0.21 0.20 0.05 0.15 1.57 0.08 0.07 0.00 1.96 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 0.00 0.04 0.06 0.46 0.59 0.13 0.44 0.55 0.45 0.04 0.29 0.03 0.05 0.23 0.23 0.05 0.03 55.15 55.39 65.86 0.53 0.40 0.31 0.38 0.13 0.10 0.01 0.11 0.31 0.04 0.05 0.67 0.82 0.04 0.06 0.02 0.02 0.10 0.11 0.09 0.06 0.06 0.07 0.30 0.18 0.25 0.04 0.02 0.14 0.24 0.11 0.23 0.00

0.12 0.13 0.12 0.07 129.69 0.06 0.41 0.20 0.29 0.23 0.15 0.16 0.06 6.08 5.49 0.14 0.09

0.04 0.06 0.04 0.03 92.01 0.00 0.24 0.04 0.05 0.11 0.12 0.07 0.02 3.44 2.00 0.04 0.03

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

21 513 2480 845 351 4 326 337 221 84 319 45 70 69 0 1945 2 1330 57 63 116 40 4946 996 0 79 4016 1023 344 74 168 324 2 79 249 392 982 138 299 6 520 864 179 342 1055 1 28 1242 230 77 128 2065 1849 176 111 377 0 7 41 2 1050 0 16 14668 1765 668 1161 4 1 382 1776 603 2757 650 227

0.17 1.36 1.69 0.26 0.21 0.02 1.48 0.18 0.15 0.32 0.40 0.07 0.15 0.13 0.00 0.00 0.08 0.15 0.10 0.09 0.18 0.22 6.63 8.20 0.00 0.17 0.00 0.52 0.42 0.12 0.15 4.21 0.22 0.05 0.16 0.20 0.11 0.09 0.65 0.99 0.19 0.23 0.66 23.48 19.05 0.39 0.48 0.25 0.20 0.08 0.01 0.10 0.14 0.12 0.09 0.06 0.00 0.29 0.36 1.22 0.50 0.00 3.62 14.56 0.25 0.09 0.11 0.13 0.10 0.62 0.64 2.75 2.23 9.29 11.40

0.15 unch 1.13 1.41 0.22 0.18 0.02 unch 1.45 0.18 0.14 + 0.32 + 0.39 0.07 unch 0.14 + 0.12 0.05 unch 0.00 0.08 unch + 0.14 + 0.10 + 0.09 0.16 + 0.22 6.33 7.83 0.30 unch 0.16 0.00 + 0.51 + 0.41 0.11 0.13 4.05 + 0.22 0.04 0.15 0.18 + 0.11 + 0.09 0.59 + 0.99 0.16 0.20 + 0.66 + 22.85 + 18.44 + 0.39 + 0.48 + 0.25 + 0.19 0.07 + 0.01 0.08 unch + 0.14 + 0.12 0.08 0.06 0.45 unch 0.24 0.33 1.20 + 0.48 0.15 unch 3.50 14.20 0.20 0.08 0.10 0.13 0.10 unch + 0.40 + 0.50 2.50 2.03 8.50 10.30

0.00 0.16 0.18 0.02 0.02 0.00 0.01 0.01 0.00 0.00 0.02 0.00 0.01 0.00 0.00 0.00 0.00 0.05 0.01 0.00 0.02 0.02 0.17 0.21 0.00 0.01 0.00 0.06 0.05 0.02 0.02 0.09 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.49 0.02 0.03 0.01 0.52 0.39 0.05 0.02 0.07 0.06 0.00 0.00 0.00 0.02 0.03 0.01 0.01 0.00 0.06 0.02 0.02 0.02 0.00 0.04 0.26 0.05 0.01 0.01 0.01 0.00 0.04 0.01 0.11 0.08 0.69 0.90

0.30 2.80 3.54 0.40 0.36 0.05 1.53 0.24 0.19 0.32 0.42 0.60 0.20 0.16

0.13 1.07 1.39 0.15 0.12 0.00 1.00 0.03 0.02 0.21 0.21 0.03 0.11 0.08

0.04 0.15 0.30 0.32 0.26 0.22 0.27 9.31 11.34 0.58 0.43 0.02 1.07 0.82 0.14 0.17 4.49 0.88 0.09 0.28 0.35 0.18 0.14 0.98 2.88 0.32 0.41 0.80 29.00 22.86 1.24 1.05 0.37 0.40 0.09 0.05 0.11 0.16 0.25 0.16 0.10

0.00 0.08 0.08 0.07 0.06 0.13 0.17 5.45 6.86 0.24 0.16 0.00 0.35 0.28 0.08 0.10 1.50 0.20 0.04 0.08 0.11 0.09 0.07 0.11 0.18 0.12 0.16 0.35 18.95 14.92 0.30 0.37 0.04 0.01 0.03 0.01 0.06 0.09 0.00 0.03 0.02

0.66 2.49 1.68 0.70 0.20 7.72 20.68 0.26 0.14 0.17 0.35 0.28 0.71 1.07 4.92 3.92 9.97 12.05

0.09 0.22 1.01 0.24 0.09 2.88 11.02 0.03 0.04 0.05 0.06 0.06 0.37 0.41 2.11 1.70 1.68 2.40

R 0.00 0.20 0.29 0.07 0.35 0.00 0.00 0.00 0.00 0.00 1.64 0.00 0.11 0.10 0.03 0.05 0.00 0.49 0.95 0.00 0.06 0.08 0.00 0.00 0.10 0.13 0.48 0.60 0.00 0.53 0.65 0.00 0.00 0.00 0.04 0.05 0.31 0.00 0.00 0.04 63.07 63.12 0.00 0.62 0.49 0.31 0.00 0.15 0.12 0.11 0.00 0.38 0.00 0.00 5.97 7.31 0.05 0.06 0.00 0.08 0.00 0.14 0.10 0.00 0.00 0.00 0.56 0.30 0.39 0.04 0.00 0.20 0.25 0.22 0.28 0.00 0.00 0.05 0.07 0.06 0.05 98.35 0.00 0.28 0.06 0.00 0.00 0.10 0.00 0.00 4.45 3.64 0.00 0.00

S 0.00 1.12 1.39 0.21 0.17 0.02 1.43 0.16 0.13 0.29 0.36 0.07 0.00 0.12 0.00 0.00 0.08 0.10 0.00 0.08 0.15 0.00 6.29 7.79 0.00 0.00 0.00 0.40 0.32 0.11 0.00 4.00 0.00 0.00 0.15 0.18 0.10 0.08 0.57 0.49 0.15 0.19 0.00 22.37 18.07 0.35 0.37 0.17 0.14 0.07 0.01 0.08 0.13 0.10 0.00 0.06 0.00 0.22 0.00 0.00 0.46 0.00 3.50 13.98 0.18 0.07 0.10 0.00 0.00 0.38 0.48 2.46 1.99 7.85 9.81

GLOBAL MINING NEWS

(100s) Stock Signature Res Signature Res* Silver Bear Rs* Silver Bear Rs Silver Bull Re Silver Bull Re* Silver Dollar Silver Dollar* Silver Eleph* Silver Eleph Silver Grail Silver 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* 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*

Week

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

THE NORTHERN MINER / NOVEMBER 8—21, 2021

High

Low

0.09 0.07 0.12 0.11 0.68 0.53 0.79 0.64 0.32 0.41 0.19 0.54 0.68 0.43 0.51 0.00 0.10 0.13 0.14 0.17 0.18 0.15 0.05 0.04 0.12 0.15 0.47 0.57 0.30 0.24 0.42 0.33 5.50 4.44 9.07 11.18 0.25 0.68 0.64 0.05 0.07 0.10 0.09 0.07 0.05 11.25 13.89 0.14 0.10 0.08 0.80 0.65 0.08 0.10 0.13 0.11 0.70 0.09 0.35 0.29 14.50 0.40 0.51 0.12 0.70 0.57 0.18 0.00 0.17 0.21 0.04 0.05 0.06 0.22 0.17 2.80 65.91 0.13 0.16 0.45 0.36 0.48 0.03 0.05 0.22 0.26 0.09 0.07 0.11 0.12 0.13 0.00 0.19 0.50 16.75 20.72 0.11 0.00 0.37 0.46 2.40 2.09 0.98 0.40 0.06 4.75 0.35 0.44 0.02 0.02 0.16 0.20 0.04 0.22 0.27 1.94 2.40 0.06 0.07 0.28 0.22 1.43 1.16 0.31

0.08 0.06 0.08 0.00 0.58 0.47 0.67 0.50 0.24 0.30 0.15 0.39 0.48 0.30 0.37 0.00 0.00 0.00 0.13 0.00 0.16 0.12 0.04 0.03 0.00 0.00 0.37 0.46 0.25 0.20 0.36 0.30 5.16 4.17 8.01 9.92 0.18 0.57 0.41 0.05 0.07 0.10 0.08 0.00 0.05 10.43 12.88 0.00 0.00 0.07 0.62 0.50 0.08 0.00 0.10 0.10 0.55 0.07 0.33 0.27 13.10 0.38 0.45 0.00 0.00 0.51 0.15 0.00 0.15 0.00 0.04 0.04 0.00 0.17 0.14 2.73 59.92 0.12 0.00 0.40 0.32 0.33 0.03 0.00 0.19 0.23 0.07 0.01 0.10 0.09 0.12 0.00 0.16 0.49 15.72 19.48 0.07 0.00 0.28 0.35 1.91 1.55 0.00 0.00 0.04 0.00 0.29 0.37 0.01 0.00 0.16 0.19 0.00 0.20 0.25 1.59 2.14 0.04 0.05 0.24 0.20 1.27 1.08 0.25

473 453 23 59 219 108 457 314 3730 7003 110 1515 1417 2185 3349 0 5 66 16 12 506 113 642 44 1 281 191 163 349 113 2145 74 1857 4076 3646 1799 64 162 122 9 746 150 64 203 87 102 426 521 367 78 1202 595 3 252 429 1 1405 2600 844 849 1348 95 98 221 11 3804 240 0 142 156 264 28 103 2617 76 1 4841 38 234 778 694 461 50 120 284 425 823 60 208 792 2177 0 235 95 5403 1691 4292 21 3810 3572 67 51 34 113 607 0 516 1473 599 309 5 487 125 18 279 150 366 207 1492 2117 309 103 19 216

Last

(100s)

12-month Change

0.08 0.06 0.08 + 0.10 0.60 0.50 0.71 0.56 0.27 + 0.33 + 0.18 0.54 + 0.66 + 0.34 0.43 0.41 unch 0.10 unch 0.12 + 0.14 + 0.17 + 0.16 0.12 0.04 unch 0.03 0.10 0.13 0.42 0.48 0.25 0.21 0.37 0.31 5.24 4.22 9.00 + 11.14 + 0.25 + 0.62 + 0.52 0.05 unch 0.07 0.10 unch 0.09 0.06 unch 0.05 unch 10.45 12.99 0.14 + 0.10 0.08 0.65 0.53 0.08 unch 0.08 0.11 0.10 0.70 + 0.07 0.34 0.28 14.25 + 0.38 0.46 unch 0.11 + 0.70 + 0.57 + 0.17 + 0.09 unch 0.16 0.20 0.04 unch 0.04 0.05 0.22 + 0.15 + 2.74 59.99 0.12 0.15 0.41 0.33 0.40 0.03 unch 0.04 unch 0.19 0.23 0.08 unch 0.06 0.11 unch 0.11 0.13 unch 0.01 unch 0.17 + 0.49 15.78 19.52 0.11 + 0.00 unch 0.34 + 0.43 + 2.27 1.82 0.90 0.40 0.05 4.75 + 0.30 0.37 0.01 + 0.02 0.16 + 0.19 + 0.04 + 0.21 0.27 + 1.84 + 2.28 + 0.05 + 0.06 + 0.28 + 0.20 + 1.32 1.10 0.28 +

0.01 0.01 0.00 0.02 0.06 0.03 0.04 0.05 0.01 0.03 0.02 0.14 0.18 0.06 0.07 0.00 0.00 0.01 0.01 0.01 0.02 0.02 0.00 0.00 0.02 0.02 0.01 0.04 0.05 0.03 0.03 0.02 0.02 0.04 1.04 1.27 0.07 0.06 0.02 0.00 0.01 0.00 0.00 0.00 0.00 0.32 0.26 0.02 0.01 0.00 0.10 0.08 0.00 0.01 0.02 0.01 0.07 0.02 0.02 0.01 1.10 0.01 0.00 0.01 0.03 0.03 0.01 0.00 0.01 0.01 0.00 0.01 0.01 0.05 0.01 0.06 4.15 0.00 0.01 0.03 0.02 0.02 0.00 0.00 0.02 0.03 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.04 0.52 0.66 0.04 0.00 0.04 0.06 0.14 0.21 0.02 0.03 0.00 0.25 0.02 0.03 0.00 0.01 0.00 0.01 0.01 0.00 0.01 0.14 0.14 0.02 0.01 0.01 0.00 0.07 0.01 0.03

High Low

Stock

0.22 0.20 0.16 0.20 1.55 1.25 2.29 1.89 0.46 0.59 0.25 0.66 0.77 0.75 0.94 0.90 0.26 0.29 0.29 0.30 0.37 0.36 0.11 0.47 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 1.00 0.64 0.13 0.18 0.34 0.27 0.09 0.07 13.60 16.49 0.35 0.25 0.21 0.87 0.70 0.12 0.16 0.43 0.38 0.75 0.25 0.78 0.64 15.20 0.54 0.69 0.20 1.56 1.25 0.18 0.10 0.32 0.39 0.06 0.11 0.14 0.31 0.25 2.92 83.29 0.49 0.31 0.70 0.55 1.39 0.05 0.10 0.39 0.49 0.21 0.16 0.80 0.36 0.27 0.03 0.23 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 0.35 3.56 4.05 1.00 0.14 0.29 0.22 2.67 2.41 1.00

Sterling Metal Stevens Gold* Stevens Gold Stinger Res* Stinger Res Stone Gold Stornoway Diam* Straightup Res Stratabd Mnr* Stratabd Mnr Strateco Res* Strategic Metl* Strategic Metl Strategic 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*

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

Taiga Gold Taiga Gold* Tajiri Res 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* Tesoro Mnrls Teuton Res* Teuton Res Texas Mineral* 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

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

0.05 0.04 0.00 0.08 0.53 0.43 0.66 0.50 0.13 0.17 0.13 0.26 0.25 0.29 0.36 0.41 0.08 0.11 0.02 0.09 0.15 0.11 0.04 0.03 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 0.07 0.05 0.04 9.27 8.76 0.09 0.09 0.06 0.15 0.11 0.00 0.06 0.07 0.10 0.19 0.05 0.15 0.11 4.30 0.28 0.35 0.07 0.51 0.38 0.06 0.04 0.13 0.16 0.02 0.04 0.04 0.04 0.02 1.43 49.90 0.11 0.13 0.27 0.21 0.01 0.03 0.04 0.13 0.17 0.04 0.01 0.10 0.03 0.05 0.01 0.09 0.42 13.68 17.29 0.05 0.00 0.05 0.07 0.15 0.15 0.28 0.29 0.04 1.01 0.12 0.12 0.00 0.01 0.11 0.16 0.01 0.16 0.20 1.30 1.68 0.01 0.04 0.06 0.12 1.19 0.93 0.20

Week

Exc Volume

Last

12-month

High

Low

Change

196 2 718 100 302 248 905 398 25 1964 40 224 440 310 0 717 496 542 103 155 20 2 30 6 3542 123 329 152 262 14 57567 50413 149 678 13 1 3509 1606 968 158 208 0 78

0.37 0.06 0.08 0.14 0.17 0.11 0.00 0.20 0.08 0.11 0.00 0.28 0.35 0.39 0.00 0.19 0.15 0.27 0.22 0.47 0.55 0.42 0.23 0.21 0.28 0.88 1.09 0.32 0.48 0.39 26.64 32.99 0.57 0.72 0.43 0.31 0.34 0.38 0.39 0.31 0.00 0.00 0.94

0.32 0.34 + 0.06 0.06 unch 0.06 0.08 + 0.12 0.12 0.16 0.16 0.00 0.10 unch 0.00 0.00 0.17 0.20 + 0.00 0.08 0.08 0.11 + 0.00 0.00 unch 0.27 0.27 0.32 0.33 unch 0.38 0.39 unch 0.00 0.03 unch 0.16 0.16 0.12 0.13 0.25 0.25 0.20 0.20 0.38 0.38 0.00 0.51 0.42 0.42 unch 0.00 0.22 0.14 0.21 + 0.17 0.27 + 0.79 0.80 0.97 0.99 0.26 0.27 0.44 0.46 0.36 0.37 22.83 26.30 + 28.22 32.55 + 0.50 0.54 + 0.64 0.67 + 0.00 0.34 0.31 0.31 unch 0.27 0.28 + 0.34 0.35 + 0.32 0.32 0.25 0.25 0.00 0.00 unch 0.00 0.30 unch 0.82 0.89 +

229 48 268 104 845 80 4263 84 2201 39 2627 288 21 65 80 108 60 361 18 7477 2297 317 26475 11153 13 408 4922 111 178 578 84 269 93 32 535 1427 66 5 62 59 93 1495 0 375 24 2 1444 4147 2427 147 0 511 50 288 313 381 249 219 6 6 0 418 686 1060 132 54 61 408 98 8 102 83 1251 654 118 4 2183 55

0.20 0.16 0.07 0.05 0.28 0.22 0.69 8.37 0.10 0.58 0.48 0.18 0.14 0.10 0.08 0.09 0.07 0.48 0.38 2.41 2.97 0.67 28.95 35.73 39.95 0.09 0.11 0.17 0.20 0.27 0.22 0.18 0.03 0.04 0.18 0.22 0.05 0.04 0.05 1.91 2.35 2.55 0.00 1.46 0.17 0.28 0.35 0.45 0.37 0.17 0.00 0.09 0.07 1.15 0.20 0.16 0.18 0.22 0.04 0.80 0.00 0.71 0.30 0.06 1.07 0.83 0.06 0.15 0.12 1.70 0.14 12.10 15.03 1.00 0.80 0.04 0.07 0.44

Stock

0.01 0.00 0.01 0.01 0.01 0.00 0.00 0.03 0.01 0.02 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.02 0.01 0.10 0.04 0.00 0.02 0.07 0.10 0.08 0.09 0.03 0.03 0.05 3.44 4.30 0.03 0.03 0.08 0.00 0.01 0.02 0.07 0.06 0.00 0.00 0.05

0.92 0.29 0.38 0.29 0.35 0.28 0.10 0.32 0.26 0.38 0.01 0.48 0.63 0.52 0.09 0.33 0.26 0.30 0.26 0.90 0.72 0.60 0.55 0.21 0.28 1.41 1.71 1.15 1.35 1.09 25.99 32.09 0.69 0.84 0.80 0.63 0.35 0.38 0.85 0.46 0.05 0.30 1.18

0.24 0.04 0.06 0.02 0.10 0.06 0.00 0.13 0.02 0.08 0.00 0.21 0.28 0.22 0.02 0.12 0.10 0.08 0.05 0.38 0.38 0.31 0.19 0.00 0.05 0.60 0.78 0.26 0.18 0.14 10.67 14.28 0.35 0.45 0.40 0.31 0.03 0.06 0.29 0.23 0.00 0.10 0.30

0.00 0.16 0.01 0.00 0.00 0.01 0.01 0.45 0.01 0.00 0.01 0.01 0.00 0.03 0.00 0.01 0.01 0.04 0.03 0.19 0.23 0.06 0.07 0.10 0.60 0.00 0.01 0.01 0.01 0.03 0.00 0.01 0.00 0.01 0.04 0.05 0.00 0.00 0.00 0.02 0.01 0.16 0.00 0.10 0.01 0.05 0.05 0.12 0.10 0.04 0.00 0.01 0.01 0.01 0.02 0.02 0.02 0.00 0.01 0.03 0.00 0.01 0.06 0.01 0.02 0.07 0.01 0.01 0.01 0.20 0.01 0.22 0.24 0.16 0.11 0.00 0.00 0.00

0.28 0.24 0.20 0.15 0.43 0.33 0.90 26.25 0.12 2.12 1.91 0.50 0.43 0.16 0.16 0.25 0.14 0.56 0.55 2.67 3.22 0.75 29.92 37.00 42.50 0.25 0.18 1.78 2.27 0.27 0.20 0.33 0.07 0.10 0.30 0.40 0.07 0.12 0.17 2.75 3.17 4.70 0.12 1.75 0.48 1.00 0.45 1.02 0.69 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 0.42 17.27 21.86 1.07 0.86 0.12 0.15 0.73

0.14 0.12 0.06 0.05 0.24 0.19 0.27 6.39 0.01 0.48 0.36 0.14 0.12 0.08 0.07 0.08 0.06 0.22 0.00 0.78 1.04 0.24 11.91 15.81 18.90 0.07 0.09 0.14 0.18 0.10 0.08 0.14 0.02 0.04 0.14 0.17 0.03 0.03 0.04 1.62 2.02 1.23 0.06 0.52 0.00 0.16 0.17 0.14 0.15 0.11 0.11 0.06 0.05 0.76 0.16 0.13 0.11 0.16 0.03 0.45 0.00 0.28 0.20 0.04 0.32 0.75 0.05 0.09 0.08 1.45 0.11 9.37 12.21 0.55 0.43 0.03 0.04 0.20

Trailbreaker Trailbreaker* Trans Canada Trans Canada* Transatlantic Transforma Res Transition Met Transition Met* Treasury Metal* Treasury Metal Trecora 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* 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 O V O V V V O O T N V O T V V O V O V T X O O V T O V V O O T V O O V O 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 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*

T 0.19 0.00 0.00 0.05 0.25 0.21 0.62 7.57 0.08 0.56 0.45 0.16 0.13 0.00 0.00 0.08 0.07 0.42 0.34 2.10 2.60 0.57 27.21 33.85 37.50 0.07 0.09 0.14 0.18 0.22 0.18 0.00 0.02 0.00 0.14 0.17 0.00 0.04 0.00 1.82 2.25 2.00 0.00 0.00 0.15 0.20 0.30 0.28 0.23 0.11 0.00 0.08 0.00 1.05 0.17 0.14 0.15 0.00 0.00 0.00 0.00 0.56 0.20 0.00 0.96 0.75 0.00 0.13 0.10 0.00 0.11 11.31 14.35 0.82 0.64 0.03 0.06 0.41

0.20 0.00 0.07 0.05 0.27 0.22 0.65 8.17 0.09 0.58 0.47 0.17 0.14 0.08 0.08 0.08 0.07 0.47 0.38 2.11 2.61 0.59 27.90 34.54 38.60 0.08 0.10 0.15 0.19 0.26 0.19 0.16 0.03 0.04 0.14 0.17 0.05 0.04 0.05 1.87 2.27 2.11 0.07 1.45 0.15 0.28 0.35 0.28 0.23 0.15 0.14 0.08 0.06 1.08 0.17 0.14 0.16 0.21 0.03 0.80 0.56 0.62 0.24 0.06 1.01 0.83 0.06 0.13 0.10 1.70 0.13 11.64 14.39 0.95 0.77 0.03 0.07 0.41

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

69 30 31 70 6 24 65 146 94 319 105 76 338 6098 0 0 35 95 36 727 53 406 110 0 606 803 127 115 285 50 216 929 55 2 157 398 12 42 65 59 136 231 291 3139 1095 201 18 302 0

0.27 0.21 0.12 0.10 0.04 0.12 0.16 0.14 0.66 0.82 7.93 0.09 0.21 0.25 0.00 0.00 0.07 0.09 0.63 0.77 2.79 2.24 0.21 0.00 0.05 11.99 0.20 0.25 0.16 0.13 0.74 0.91 0.10 0.02 0.14 0.17 0.09 0.11 0.88 1.80 2.22 0.64 0.53 13.73 16.98 0.05 0.04 0.00 0.00

0.24 0.24 0.00 0.20 0.00 0.12 0.09 0.10 + 0.00 0.04 0.00 0.11 0.00 0.16 + 0.12 0.13 + 0.61 0.64 0.78 0.80 + 7.70 7.78 0.00 0.09 0.18 0.19 + 0.22 0.23 0.00 0.04 unch 0.00 0.10 unch 0.06 0.07 + 0.00 0.08 unch 0.54 0.59 + 0.65 0.72 + 2.61 2.74 unch 2.11 2.15 0.18 0.18 0.00 0.39 unch 0.00 0.04 10.90 11.00 0.00 0.19 0.23 0.23 0.15 0.15 unch 0.00 0.11 0.67 0.67 0.82 0.82 0.00 0.08 0.02 0.02 0.08 0.10 0.13 0.13 0.09 0.09 unch 0.00 0.09 + 0.00 0.83 + 1.73 1.77 2.15 2.17 0.55 0.58 0.44 0.48 12.66 12.67 15.67 15.68 0.00 0.05 unch 0.00 0.04 + 0.00 0.00 + 0.00 0.01 unch

D 87 O 246 V 352 C 0 O 11452 O 182 V 156 T 5844 V 161 O 10 O 476 O 274 V 4806 O 1336 C 1612 O 48 X 15987 N 165312 O 15 V 1057 V 188 X 17430 T 2027 V 452 X 33378 O 5185 X 3558 V 967 D 6097 V 10 O 6 O 979 O 18 V 4 V 338 O 53 N 145785 O 6775 O 327 V 796 C 1021 O 7 V 51 O 85 V 30 O 567 V 941 V 1 O 17 V 86 O 1090 V 2090 V 0 O 170 T 134 O 44 O 130 V 1526 T 454 O 108 C 4447 O 1918 C 1350 O 570 V 177 O 265 V 175 O 10 V 225 V 3213 O 1064

10.28 0.40 0.49 0.00 17.42 0.79 0.95 0.55 0.28 0.22 0.06 0.10 0.13 0.58 0.72 0.03 0.96 27.00 0.07 0.11 2.40 2.03 2.50 0.69 4.29 0.03 3.26 7.31 5.95 0.36 0.32 0.05 0.28 0.35 0.14 0.12 14.02 0.03 0.42 0.50 0.12 0.03 0.04 0.08 0.09 0.36 0.44 0.19 0.34 0.41 0.05 0.06 0.00 0.04 1.30 0.04 0.14 0.18 19.11 15.41 0.02 0.02 0.08 0.07 0.58 0.47 0.44 0.08 0.10 0.17 0.14

High Low

0.04 0.01 0.01 0.00 0.01 0.02 0.02 0.01 0.00 0.01 0.09 0.01 0.00 0.01 0.00 0.00 0.01 0.00 0.04 0.08 0.00 0.05 0.02 0.00 0.01 0.30 0.01 0.02 0.00 0.01 0.05 0.08 0.01 0.00 0.02 0.02 0.00 0.01 0.09 0.03 0.05 0.03 0.02 0.75 0.90 0.00 0.00 0.00 0.00

0.49 0.38 0.30 0.24 0.07 0.78 0.26 0.20 1.17 1.53 9.17 0.20 0.23 0.28

0.20 0.18 0.09 0.08 0.03 0.10 0.13 0.07 0.52 0.65 5.79 0.08 0.09 0.12

0.12 0.19 0.13 1.55 1.96 3.70 3.06 0.21 0.45 0.14 16.46 0.28 0.37 0.26 0.19 1.22 1.35 0.30 0.08 0.41 0.52 0.19 0.25 1.46 3.00 3.65 1.14 0.98 21.89 26.45 0.06 0.06 0.01 0.05

0.10 0.00 0.07 0.45 0.59 1.90 1.43 0.06 0.00 0.04 10.50 0.15 0.19 0.12 0.10 0.53 0.68 0.06 0.02 0.02 0.12 0.06 0.08 0.10 1.60 2.01 0.46 0.36 7.49 10.01 0.02 0.01 0.00 0.01

0.15 0.01 0.01 0.00 5.69 0.04 0.05 0.07 0.01 0.01 0.01 0.02 0.02 0.07 0.09 0.00 0.04 3.51 0.00 0.02 0.03 0.12 0.12 0.05 0.20 0.01 0.02 0.89 0.78 0.00 0.01 0.01 0.01 0.01 0.01 0.02 0.79 0.01 0.02 0.04 0.01 0.00 0.00 0.00 0.00 0.05 0.05 0.02 0.01 0.01 0.00 0.01 0.00 0.00 0.05 0.00 0.00 0.00 0.69 0.55 0.01 0.00 0.01 0.01 0.04 0.00 0.04 0.00 0.01 0.00 0.00

17.40 0.55 0.70 0.10 30.20 2.36 2.97 0.60 0.28 0.23 0.19 0.40 0.51 1.46 1.80 0.04 2.56 30.57 0.15 0.21 3.25 2.10 2.63 1.68 4.29 0.27 11.45 7.31 5.95 0.70 0.55 0.07 0.30 0.38 0.18 0.24 23.18 0.20 0.42 0.51 0.44 0.09 0.12 0.10 0.13 2.32 1.58 0.38 0.47 0.61 0.07 0.08 0.13 0.12 1.97 1.00 0.19 0.30 22.54 18.50 0.10 0.08 0.60 0.49 0.80 0.64 0.55 0.30 0.38 0.95 0.74

8.01 0.04 0.11 0.03 0.55 0.60 0.70 0.12 0.04 0.04 0.00 0.07 0.10 0.27 0.40 0.01 0.33 8.96 0.06 0.06 1.05 0.42 0.55 0.48 0.82 0.02 3.05 1.06 0.81 0.15 0.05 0.00 0.15 0.18 0.09 0.08 10.39 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 0.01 0.04 0.10 0.03 0.60 0.01 0.01 0.03 10.42 8.18 0.01 0.01 0.05 0.04 0.07 0.05 0.31 0.00 0.07 0.02 0.01

U-V 9.82 0.32 0.39 0.00 8.64 0.68 0.00 0.44 0.00 0.20 0.05 0.07 0.10 0.52 0.64 0.03 0.83 22.99 0.07 0.09 2.23 1.66 2.06 0.61 3.53 0.02 3.05 5.58 4.51 0.00 0.28 0.03 0.27 0.00 0.00 0.10 12.63 0.01 0.32 0.39 0.10 0.03 0.00 0.06 0.00 0.30 0.38 0.00 0.00 0.00 0.04 0.05 0.00 0.03 1.20 0.04 0.14 0.16 17.81 14.39 0.01 0.01 0.06 0.05 0.47 0.35 0.39 0.07 0.00 0.15 0.12

9.92 0.35 0.41 0.06 15.45 0.71 0.86 0.47 0.25 0.20 0.05 0.08 0.10 0.57 0.70 0.03 0.88 26.39 0.07 0.09 2.30 1.74 2.18 0.62 3.72 0.02 3.17 6.02 4.82 0.36 0.29 0.04 0.27 0.35 0.11 0.11 12.73 0.02 0.35 0.42 0.11 0.03 0.04 0.08 0.09 0.36 0.44 0.19 0.34 0.41 0.04 0.05 0.12 0.03 1.28 0.04 0.14 0.17 18.97 15.33 0.02 0.02 0.07 0.05 0.52 0.44 0.40 0.07 0.09 0.16 0.13

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

(100s) Stock

Exc Volume

Week High

Low 0.00 0.90 0.74 0.11 0.00 0.38 2.05 2.55 0.08 0.44 0.52 0.13 0.00 0.10 0.36 0.43 0.08 0.00 0.26 0.27 0.22 0.15 0.12

Visionary Gold Vista Gold Vista Gold* Viva Gold* Viva Gold Vizsla Copper Vizsla Silver* Vizsla Silver Volatus Cap Volcanic Gold* Volcanic Gold Voyager Metals Voyager Metals* Voyageur Min Voyageur Min* Voyageur Min Voyageur Min* VR Resources* VR Resources Vulcan Mnrls Vulcan Mnrls* VVC Expl VVC Expl*

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

180 55 1054 234 360 868 717 1173 395 228 721 226 17 181 20 121 46 309 431 2872 182 151 167

0.14 0.95 0.78 0.13 0.17 0.70 2.51 3.11 0.12 0.51 0.63 0.15 0.11 0.11 0.36 0.47 0.09 0.27 0.33 0.37 0.30 0.17 0.14

Walker Lane* Walker River* Walker River Wallbridge Mng* Wallbridge Mng Waraba Gold 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 WestMountain* 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* Xemplar Egy* Ximen Mining* Ximen Mining Xplore Res Xtierra Inc Xtra-Gold Res Xtra-Gold Res* Yamana Gold Yamana Gold* Yanzhou Coal* Yorbeau Res* Yorbeau Res Zacatecas Silv Zacatecas Silv* ZEB Nickel ZEN Graphene* ZEN Graphene Zena Mining Zephyr Mnls Zephyr Mnls* Zimtu Capital Zinc One Res Zinc One Res * Zincore Mtls ZincX Res ZincX Res* Zonte Metals Zonte Metals*

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

1 19 1030 1574 3222 502 14 216 78 1498 891 21 0 871 160 2395 127 1225 29 54 205 64 7 140 5 1603 724 1 3052 2705 202 2 0 236 270 6 111 151 12 8 3 401 0 281 4023 7988 17 154 346 271 708 611 94 223 0 10 0 2950 1224 652 662 801 265 934 53 3561 102 267 1051 296 0 99 528 82 182 36 6 12463 66814 3 3 176 332 149 85 180 1018 0 53 64 164 14 3 0 737 11 63 5

0.40 0.04 0.06 0.49 0.59 0.20 0.06 0.08 0.04 0.54 0.65 0.35 0.00 11.55 9.32 0.67 0.12 0.15 0.16 0.05 0.06 1.11 2.46 0.13 0.08 1.80 2.22 0.21 0.75 0.89 0.20 0.15 0.00 3.60 2.98 1.52 0.44 0.36 0.11 0.15 0.19 0.25 0.00 0.14 52.15 42.16 0.11 0.43 0.53 0.06 0.08 0.04 2.15 0.72 0.00 0.18 0.00 0.05 0.06 0.45 0.16 0.20 0.55 0.58 0.05 0.05 0.04 0.03 0.19 0.15 0.00 0.23 0.28 0.07 0.05 1.06 0.82 5.48 4.43 1.82 0.03 0.05 0.80 0.66 0.24 4.35 5.40 0.00 0.16 0.13 0.26 0.66 0.54 0.00 0.18 0.13 0.20 0.16

23

12-month

Last

Change

High Low

0.11 0.90 0.75 0.12 0.15 unch 0.42 + 2.07 2.59 0.09 0.50 + 0.61 + 0.13 0.11 0.11 + 0.36 unch 0.47 + 0.09 + 0.25 0.30 0.33 + 0.27 0.15 0.12 -

0.03 0.02 0.00 0.02 0.00 0.07 0.25 0.29 0.03 0.04 0.02 0.01 0.00 0.01 0.00 0.02 0.01 0.02 0.03 0.01 0.01 0.02 0.02

0.24 1.72 1.40 0.31 0.39 0.70 2.51 3.11 0.23 0.55 0.69 0.36 0.32 0.35 0.36 0.49 0.25 0.55 0.68 0.37 0.80 0.30 0.50

0.07 0.85 0.67 0.10 0.13 0.21 0.99 1.26 0.01 0.26 0.30 0.09 0.00 0.04 0.19 0.24 0.03 0.18 0.23 0.05 0.04 0.05 0.04

0.40 0.40 unch 0.00 0.04 0.05 0.05 0.43 0.43 0.52 0.52 0.20 0.20 unch 0.05 0.06 + 0.00 0.08 + 0.00 0.04 unch 0.45 0.49 0.56 0.60 0.28 0.35 + 0.00 0.07 unch 10.97 11.13 8.69 8.99 0.42 0.62 + 0.09 0.09 0.11 0.13 0.11 0.11 0.04 0.05 0.06 0.06 0.95 1.09 + 0.00 2.45 0.00 0.12 + 0.08 0.08 unch 1.65 1.69 + 2.05 2.07 unch 0.00 0.21 0.57 0.58 0.71 0.73 0.00 0.18 0.15 0.15 unch 0.00 0.17 unch 3.08 3.19 2.50 2.63 1.45 1.52 + 0.41 0.41 0.33 0.33 0.10 0.10 + 0.00 0.13 unch 0.16 0.16 0.19 0.19 0.00 0.36 unch 0.13 0.14 + 49.54 49.96 40.02 40.41 0.10 0.11 + 0.37 0.39 0.45 0.48 0.05 0.06 0.07 0.07 + 0.02 0.03 1.97 1.98 0.66 0.70 unch 0.00 0.13 unch 0.00 0.18 + 0.00 0.12 unch 0.04 0.04 0.05 0.06 unch 0.37 0.40 + 0.04 0.16 + 0.15 0.18 + 0.48 0.48 0.43 0.58 + 0.00 0.04 0.04 0.05 + 0.03 0.04 0.03 0.03 unch 0.15 0.19 + 0.13 0.15 + 0.00 0.01 unch 0.19 0.21 0.25 0.25 0.00 0.07 0.00 0.05 + 0.00 1.04 + 0.00 0.81 + 4.86 4.86 3.94 3.95 1.68 1.68 0.00 0.03 + 0.04 0.04 0.72 0.72 0.00 0.59 0.00 0.24 3.56 4.30 + 4.37 5.33 + 0.00 0.15 unch 0.00 0.15 unch 0.12 0.13 + 0.00 0.26 + 0.00 0.66 + 0.51 0.54 + 0.00 0.05 unch 0.15 0.16 + 0.12 0.13 + 0.00 0.19 0.15 0.15 -

0.00 0.00 0.01 0.03 0.06 0.00 0.00 0.01 0.00 0.00 0.01 0.03 0.00 0.10 0.09 0.21 0.03 0.03 0.05 0.00 0.01 0.02 0.01 0.01 0.00 0.01 0.00 0.01 0.07 0.07 0.02 0.00 0.00 0.22 0.16 0.07 0.03 0.02 0.00 0.00 0.02 0.03 0.00 0.01 1.26 0.96 0.01 0.02 0.04 0.00 0.01 0.00 0.16 0.00 0.00 0.01 0.00 0.01 0.00 0.01 0.02 0.02 0.02 0.15 0.02 0.01 0.00 0.00 0.02 0.01 0.00 0.01 0.04 0.01 0.01 0.01 0.01 0.47 0.36 0.12 0.00 0.01 0.07 0.07 0.02 0.73 0.94 0.00 0.00 0.00 0.05 0.03 0.03 0.00 0.01 0.02 0.02 0.01

0.60 0.11 0.14 0.73 0.93 0.45 0.10 0.14 0.07 0.56 0.70 0.79 0.15 13.34 10.68 0.65 1.16 1.70 0.19 0.11 0.15 1.99 2.50 0.14 0.08 2.83 3.35 0.69 0.76 0.96 0.37 0.19 0.30 4.18 3.28 2.05 0.94 0.73 0.22 0.30 0.32 0.39 6.00 0.33 65.92 50.62 0.11 0.72 0.93 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 2.00 0.38 0.55 0.14 0.21 1.53 1.22 7.88 6.16 2.05 0.06 0.07 1.89 1.05 0.75 4.75 5.99 0.25 0.24 0.19 0.30 5.00 1.27

0.03 0.01 0.05 0.33 0.48 0.19 0.01 0.06 0.02 0.06 0.09 0.25 0.06 7.78 6.05 0.13 0.09 0.11 0.11 0.04 0.05 0.90 1.25 0.05 0.04 0.95 1.24 0.14 0.08 0.10 0.15 0.07 0.13 0.53 0.39 1.15 0.39 0.31 0.10 0.11 0.14 0.16 0.35 0.08 44.09 34.85 0.08 0.37 0.48 0.05 0.06 0.00 0.77 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 0.00 0.14 0.18 0.05 0.04 0.87 0.65 4.82 3.82 0.74 0.01 0.04 0.52 0.45 0.16 0.76 1.03 0.08 0.12 0.10 0.11 0.60 0.01

0.23 0.19 0.30 0.21

0.10 0.07 0.17 0.13

W-Z

BID-ASK — OCTOBER 25–29, 2021 12-MONTH STOCK

Athena Gold Aftermath Silv Alacer Gold Alerio Gold Amilot Capital Anglo-Bomarc Apex Res Arctic Fox Ven Arcturus Vent Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aust Goldfield Avarone Metals Aya Gold Banro Corp* Barker Min Boss Power Brunswick Res Buccaneer Gold Bullion Gold C2C Gold Cache Explor Cadillac Vent Cerro de Pasc Cliffs Nat Res* Crystal Peak Electra Stone Emperor Metals Encanto Potash Equitorial Ex Everton Res Evolution Glob Excalibur Res Exploits Disc

EXC

BID

ASK

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

0.12 0.24 9.41 0.35 ...

0.08 0.07 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 ...

1.45 0.01 0.01 0.14 0.06 0.08 0.10 0.50 0.09 ...

...

0.25 9.52 0.38 ...

0.08 0.11 0.28 0.03 0.04 0.40 0.14 0.06 ... ...

2.19 0.11 0.01 0.20 0.05 0.07 0.15 ...

0.17 0.06 ...

3.20 0.02 0.02 0.24 0.07 0.08 0.10 4.00 0.10 ...

12-MONTH

LAST

HIGH

LOW

STOCK

0.20 0.25 9.47 0.37 0.04 0.15 0.10 0.14 0.03 0.03 0.40 0.14 0.05 0.47 0.04 2.01 0.11 0.01 0.17 0.03 0.06 0.10 0.11 0.16 0.05 0.29 1.43 0.01 0.01 0.14 0.06 0.08 0.03 2.00 0.10 0.59

0.20 0.33 10.82 0.49 0.08

0.20 0.05 3.50 0.18 0.04

0.13 0.16 0.13 0.04 0.40 0.15

0.09 0.14 0.01 0.03 0.29 0.03

0.47 0.15 2.50 2.10

0.42 0.03 0.82 0.10

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

0.14 0.28 0.15 0.33 0.17 0.34 7.17 0.10

0.05 0.01 0.03 0.09 0.05 0.12 0.98 0.01

0.29 0.12 0.37

0.10 0.05 0.07

2.00 0.11 0.62

2.00 0.01 0.13

EXC

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

BID

0.12 ... ... ...

0.06 0.15 0.07 ...

0.10 ... ...

0.05 0.02 0.04 ... ... ... ...

0.20 0.24 0.33 0.17 0.47 0.05 0.04 0.03 ... ...

0.31 12.52 0.25 0.37 ... ...

0.09 0.06

ASK

LAST

0.12 ... ... ...

0.06 0.17 0.08 ...

0.12 ...

375.00 0.05 0.03 0.05 ...

0.01 ... ...

0.25 0.27 0.38 0.24 0.48 0.06 0.15 0.04 ... ...

0.34 13.30 0.25 0.50 ...

0.12 0.10 ...

0.11 0.15 0.11 0.22 0.06 0.16 0.08 0.32 0.10 0.42 0.11 0.04 0.02 0.04 0.17 0.01 0.03 0.31 0.26 0.24 0.32 0.24 0.48 0.05 0.06 0.03 1.09 0.24 0.31 12.52 0.19 0.37 0.12 0.12 0.10 0.07

12-MONTH

HIGH

LOW

4.13 100.00 0.28 0.10 0.36 0.11 0.32 0.15 0.45 1.20

0.13 0.10 0.16 0.06 0.12 0.04 0.17 0.02 0.06 0.48

0.04 0.06

0.02 0.01

1.08 0.28 0.42 0.28 0.73 0.13 0.06 0.16

0.06 0.04 0.28 0.16 0.20 0.04 0.05 0.02

0.27 0.66 14.40 0.22 0.48 0.20 0.22 0.10

0.13 0.24 6.12 0.08 0.22 0.07 0.05 0.02

STOCK

Navis Res Corp New Klondike Nexco Res North Valley O2Gold Parlane Res Patriot Batt Phenom Res PPX Mining Primary Energy Prospero Silvr Quinto Res Rare Element* Reliant Gold Rizal Res Rockex Mng Rockland Mnls Southern Arc Southstone Min Standard Lith Supernova Met Talmora Diamd Tiger Intl Trench Metals TriMetals Mng Vale* ValOre Metals Vanadiumcorp Vatic Vent Waraba Gold Whitemud Res Winshear Gold Xiana Mng Zara Res Zinco Mng

EXC

BID

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

...

0.01 ...

0.06 0.23 0.15 0.09 0.68 0.04 ...

0.55 0.05 0.11 ...

0.01 0.04 0.07 0.32 0.01 6.65 0.05 0.02 ...

0.55 0.11 ...

0.06 0.10 0.05 0.19 0.01 0.12 0.07 ...

0.05

ASK

...

0.01 ...

0.12 0.27 0.15 0.10 0.71 0.05 ...

1.18 0.07 0.16 0.10 0.02 0.04 0.08 0.90 0.01 6.95 0.06 0.03 0.17 0.55 0.12 ...

0.07 0.10 ...

0.25 0.02 0.14 0.08 ...

0.07

LAST

0.30 0.01 0.30 0.10 0.23 0.15 0.10 0.69 0.04 0.17 0.56 0.08 0.15 0.02 0.02 0.04 0.08 0.89 0.01 6.95 0.06 0.03 0.15 0.55 0.12 10.24 0.07 0.09 0.10 0.20 0.02 0.14 0.08 0.07 0.05

HIGH

LOW

0.40 0.10 0.37 0.84 0.18 0.76 0.06 0.82 1.35

0.13 0.10 0.06 0.11 0.08 0.24 0.04 0.16 0.51

0.89

0.06

0.09 0.11 0.93 0.04 6.95 0.19 0.15 0.30 0.22 0.12 11.10 0.13 0.13

0.02 0.01 0.24 0.01 1.02 0.05 0.02 0.07 0.04 0.03 6.57 0.07 0.05

0.45 0.03 0.15 0.12 0.22

0.19 0.01 0.05 0.06 0.07

24

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NOVEMBER 8—21, 2021 / THE NORTHERN MINER

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