Gold Recommendations

Klondex Mines Ltd.

Stuart McDougall, M Partners (2/24/17) "KDX's hole 67 confirms mineralization in an anomaly at Fire Creek."

Guyana Goldfields Inc.

Stuart McDougall, M Partners (2/24/17) "GUY's Q4/16 cash flow per share came in in line with our expectation."

Jamie Spratt, Clarus Securities (2/24/17) "GUY's Q4/16 cash flow per share of $0.16 was ahead of our estimate."

Asanko Gold Inc.

Chris Thompson, Raymond James (2/24/17) "We see AKG's growth prospects remaining intact."

Integra Gold Corp.

Stuart McDougall, M Partners (2/22/17) "ICG released more positive drilling results from Lamaque South."

George Topping, Industrial Alliance Securities (2/22/17) "Highlight intercepts at ICG's C2 included 8.3 g/t over 13.2m."

Tara Hassan, Raymond James (2/22/17) "We continue to view the drill results from ICG's Triangle favorably."

Gwen Preston, Resource Maven (2/22/17) "ICG reported the best intercept at Triangle: 71.6 g/t gold over 15m."

Michael Gray, Macquarie Capital Markets (2/22/17) "ICG's infill drilling has shown persistent high-grade intersections."

Seabridge Gold Inc.

Raj Ray, National Bank Financial (2/16/17) "SEA's KSM project provides attractive optionality."

Victoria Gold Corp.

Don Blyth, Paradigm Capital (2/16/17) "VIT has appointed Tony George as vice president, project execution."

MAG Silver Corp.

Heiko Ihle, Rodman & Renshaw (2/15/17) "MAG's Juanicipio project continues to outperform both construction and exploration-related expectations, making it one of the leading development-stage silver projects in the world."

Integra Gold Corp.

Gwen Preston, Resource Maven (2/15/17) "More results from ICG's Triangle contain more of the same good stuff."

Red Eagle Mining Corp.

The Gold Report Interview with Paul Beattie (2/14/17) "R is an absolutely terrific story."

MAG Silver Corp.

Andrew Kaip, BMO Capital Markets (2/14/17) "Drill results at MAG's Juanicipio continue to validate the emerging potential of both the Deep Zone and Anticipada vein."

Chris Thompson, Raymond James (2/14/17) "Drill results continue to support the prospectivity and size potential offered by Juanicipio, and MAG's rank as our Top Pick among silver developers."

Pretium Resources Inc.

Andrew Kaip, BMO Capital Markets (2/14/17) "We now forecast PVG to have adequate capital resources to fund the remainder of capital construction as well as the required working capital during start-up for Brucejack."

Jeff Killeen, CIBC World Markets (2/14/17) "Commercial production at PVG's Brucejack in early Q3/17 seems likely with development on track and process plant construction ~2 months ahead of schedule."

Pershing Gold Corp.

Heiko Ihle, Rodman & Renshaw (2/13/17) "PGLC's Relief Canyon substantially progressed since our last visit."

Rye Patch Gold

Michael Gray, Macquarie Equity Research (2/9/17) "RPM's new South Heap Leach Pad facility is ready for the Nevada regulatory review process."

Gold Standard Ventures Corp.

Michael Gray, Macquarie Capital Markets (2/9/17) "We reiterate our Outperform recommendation on GSV."

Klondex Mines Ltd.

Josh Wolfson, Dundee Capital Partners (2/8/17) "Two areas at KDX's Fire Creek could generate high-grade resources."

Columbus Gold Corp.

Thibaut Lepouttre, Caesars Report (2/7/17) "The next few months will be very interesting for CGT."

Klondex Mines Ltd.

Philip Ker, PI Financial (2/7/17) "KDX provided positive underground drilling results from Fire Creek."

Golden Arrow Resources Corp.

Christopher Ecclestone, Hallgarten & Co. (2/7/17) "If the combination with Silver Standard goes through, then GRG will become THE silver major in Argentina."

Pershing Gold Corp.

Byron King, Gold Speculator (2/7/17) "PGLC's shares traded up last week based on sector sentiment and market perceptions that the company is close to making a decision about restarting mine operations at Relief Canyon."

Balmoral Resources Ltd.

Byron King, Gold Speculator (2/7/17) "BAR is an attractive joint venture or takeover target for larger companies that must—sooner or later—add to their resource bases."

Integra Gold Corp.

Byron King, Gold Speculator (2/7/17) "ICG released outstanding drilling results at its Triangle zone."

Columbus Gold Corp.

Byron King, Gold Speculator (2/7/17) "I visited CGT's Montagne d'Or last week; I came away impressed."

Asanko Gold Inc.

Chris Thompson, Raymond James (2/6/17) "AKG has received all permits for the Esaase pit at its Asanko mine."

Guyana Goldfields Inc.

Jamie Spratt, Clarus Securities (2/6/17) "The new feasibility study supports GUY's Aurora as a life-long asset."

Pretium Resources Inc.

Heiko Ihle, Rodman & Renshaw (2/6/17) "We are increasing our 2017 production estimate for PVG's Brucejack."

Joe Reagor, ROTH Capital Partners (2/5/17) "PVG's Brucejack project is ahead of schedule by two to four months."

Andrew Kaip, BMO Capital Markets (2/3/17) "PVG's project is advancing ahead of schedule."

Eric Zaunscherb, Canaccord Genuity (2/3/17) "PVG notes that its financial resources are sufficient to complete construction and commissioning."

Jeff Killeen, CIBC World Markets (2/3/17) "PVG plans process plant commissioning in early April versus late Q2."

Balmoral Resources Ltd.

Barry Allan, Mackie Research Capital (2/2/17) "The intercept announced today is the fourth significant intersection illustrating BAR's Bug Lake Trend is a major mineralized system."

Philip Ker, PI Financial (2/2/17) "BAR continues to hit these high-grade zones while continuing to step-out and better define known mineralized systems at Martiniere."

Haywood Securities (2/2/17) "BAR announced its fourth new discovery of the summer/fall 2016 drill program."

Philip Ker, PI Financial (2/2/17) "With another discovery outlined at Martiniere, BAR is expanding its mineralized footprint across the property."

Integra Gold Corp.

Barry Allan, Mackie Research Capital (2/1/17) "We continue to be impressed with ICG's resource potential of the ground being explored."

George Topping, Industrial Alliance Securities (2/1/17) "ICG's project location, size, and infrastructure make this an attractive asset in a consolidating industry."

TerraX Minerals Inc.

Michael Curran, Beacon Securities Ltd. (2/1/17) "TXR will deliver mineral resource estimates at six zones by year-end."

Integra Gold Corp.

Michael Gray, Macquarie Capital Markets (2/1/17) "ICG's known C2 structure footprint has expanded unexpectedly."

Stuart McDougall, M Partners (2/1/17) "ICG released what we view as more positive Lamaque drilling results."

Tara Hassan, Raymond James (2/1/17) "Infill drilling supports the resource model at ICG's Triangle zone."

Kerry Smith, Haywood Securities (2/1/17) "At ICG's C2, infill drilling intersected high-grade mineralization."

Klondex Mines Ltd.

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/1/17) "KDX is likely to perform well again this year."

Balmoral Resources Ltd.

Byron King, Gold Speculator (1/31/17) "BAR's share price moved up nicely last week on more news of strong drilling results from the company's Martiniere property."

Golden Arrow Resources Corp.

Byron King, Gold Speculator (1/31/17) "GRG offers significant upside in a rising environment for gold-silver."

Victoria Gold Corp.

Byron King, Gold Speculator (1/31/17) "With VIT, sooner or later a third party will move in and snap up a superb asset."

Columbus Gold Corp.

Byron King, Gold Speculator (1/31/17) "In weeks to come, I foresee strong upside for CGT."

Pretium Resources Inc.

Byron King, Gold Speculator (1/31/17) "PVG is at the point of making final efforts to begin active mining."

NOVAGOLD Resources Inc.

Eric Muschinski, Gold Investment Letter (1/26/17) "I believe the upside on NG's stock is enormous."

Millennial Lithium Corp.

Paul Renken, VSA Capital (1/26/17) "We foresee a development capex cost advantage for ML at Pastos Grandes given its more compact basin and property position."

Victoria Gold Corp.

Richard Gray, Cormark Securities (1/26/17) "VIT is an ideal opportunity for risk tolerant, long-term gold investors looking for a de-risked gold developer with assets located Canada."

Chris Thompson, Raymond James (1/25/17) "VIT's Eagle is capable of delivering a +200 koz/year production profile."

NOVAGOLD Resources Inc.

Raj Ray, National Bank Financial (1/25/17) "We view NG as a long-dated option on the gold price that offers investors exposure to a large-scale open-pit deposit."

Klondex Mines Ltd.

Philip Ker, PI Financial (1/25/17) "We foresee KLDX achieving growth across all categories in excess of depletion."

Stuart McDougall, M Partners (1/25/17) "KLDX released what we view as more positive underground delineation and stepout drill results from its True North underground gold mine."

Jamie Spratt, Clarus Securities (1/25/17) "KLDX offers best-in-class production growth, low-cost production and a solid management execution track record."

Columbus Gold Corp.

Gwen Preston, Resource Maven (1/25/17) "I like that CGT is racing to get exploration drill work done at Montagne d'Or even as M&A potential ramps up."

Victoria Gold Corp.

Derek Macpherson, Red Cloud Klondike Strike Inc. (1/25/17) "VIT's 2017 exploration program in conjunction with closing of the project financing has potential to be positive catalysts for the stock."

Integra Gold Corp.

Kerry Smith, Haywood Securities (1/25/17) "We currently model a 1.3 Moz mineable deposit at ICG's Lamaque."

Balmoral Resources Ltd.

Philip Ker, PI Financial (1/23/17) "We have redefined and increased our estimated resource target at BAR's Martiniere from 1.25 Moz to 2 Moz."

Columbus Gold Corp.

The Gold Report Article by Bob Moriarty (1/23/17) "CGT has what you might think of as a golden future."

Integra Gold Corp.

Tara Hassan, Raymond James (1/23/17) "We believe ICG is at the top of the list for potential acquisitions."

Seabridge Gold Inc.

Cantor Fitzgerald (1/23/17) "We favor high-quality geopolitically stable gold/silver developers and smaller tier operators capable of demonstrating output growth in the "sweet spot" of the production curve; this includes SEA."

Pershing Gold Corp.

Cantor Fitzgerald (1/23/17) "Our preferred gold and silver equities include PGLC."

Klondex Mines Ltd.

Heiko Ihle, Rodman & Renshaw (1/20/17) "We expect KLDX to reach record production in 2017 and think Au Eq production could reach approximately 220 Koz for the year."

Jamie Spratt, Clarus Securities (1/19/17) "Our thesis continues to be that KDX offers best-in-class production growth, low-cost production and a solid management execution track record."

Jeff Killeen, CIBC World Markets (1/19/17) "KDX's Q/Q production increased ~23% primarily due to higher grades and higher mining rates, benefiting from the development work performed in Q3."

Barry Allan, Mackie Research Capital (1/19/17) "In Q4/16, KDX's Fire Creek ore grade exceeded 36 g/t, making it one of highest-grade mines in North America."

Philip Ker, PI Financial (1/19/17) "Given the high-grade nature of Fire Creek and the potential of Hollister coming on-line sooner than anticipated, KDX could potentially see production above its current guidance."

Stuart McDougall, M Partners (1/19/17) "KDX's Q4/16 production totaled 7% better than our estimate and 40% better QoQ."

Columbus Gold Corp.

James Kwantes, Resource Opportunities (1/19/17) "Expect Nordgold, or another major, to take full control of Montagne d'Or, where CGT plans an imminent stepout drill program to add further value."

Terraco Gold Corp.

James Kwantes, Resource Opportunities (1/19/17) "TEN's Spring Valley is a much bigger prize, and when the project sells, it will likely go to a producer."

Balmoral Resources Ltd.

Byron King, Gold Speculator (1/18/17) "BAR is an attractive joint venture or takeover target for larger companies."

Columbus Gold Corp.

Gwen Preston, Resource Maven (1/18/17) "I think a deal on CGT's Montagne d'Or is pretty likely in the near term."

Integra Gold Corp.

Gwen Preston, Resource Maven (1/18/17) "ICG released results from another 17 drill holes at the Triangle deposit; the work demonstrated good continuity of mineralization."