Silver Recommendations

Alkane Resources Ltd.

The Mining Report Interview with Gareth Hatch (3/3/15) "ALK is funding the Dubbo Zirconia project with nearby gold production."

Silver Wheaton Corp.

Andrew Kaip, BMO Capital Markets (3/2/15) "SLW's restructuring of its credit facility enhances financial flexibility."

Ash Guglani, Salman Partners (3/2/15) "SLW has added financial flexibility to potentially grow its pipeline."

Primero Mining Corp.

SmallCapPower.com (2/27/15) "P's production is expected to increase by up to 20% in 2015."

Great Panther Silver Ltd.

Kristen Moran, Resource Investing News (2/26/15) "GPR entered into a binding letter agreement to acquire Cangold."

MAG Silver Corp.

Andrew Kaip, BMO Capital Markets (2/25/15) "At MAG's Juanicipio, decline sinking continues to advance at 4m/day."

Mandalay Resources Corp.

Andrew Kaip, BMO Capital Markets (2/25/15) "MND continues to be focused on growth of sustainable cash margins."

MAG Silver Corp.

The Mining Report Interview with Lawrence Roulston (2/24/15) "MAG is advancing Juanicipio, its big Mexico silver project, toward production."

Great Panther Silver Ltd.

The Gold Report Interview with Olivier Tielens (2/24/15) "GPR's discoveries at San Ignacio are amazing."

Heiko Ihle, H.C. Wainwright & Co. (2/24/15) "We expect GPR's overall grades to increase while cash costs fall at San Ignacio."

Silver Wheaton Corp.

Andrew Kaip, BMO Capital Markets (2/24/15) "SLW has $230M cash on hand and strong projected cash flow."

Primero Mining Corp.

Jeff Killeen, CIBC World Markets (2/24/15) "We expect a modest boost in reserves when P releases an update."

Great Panther Silver Ltd.

Ash Guglani, Salman Partners (2/24/15) "GPR's drill results increased the mineral resource at San Ignacio."

MAG Silver Corp.

David Sadowski, Raymond James (2/24/15) "We have upgraded MAG from Outperform to Strong Buy."

Silver Wheaton Corp.

The Gold Report Interview with Shane Nagle (2/23/15) "We see significant production growth for SLW in the years to come."

MAG Silver Corp.

The Gold Report Interview with Shane Nagle (2/23/15) "MAG has about $85M cash."

Tahoe Resources Inc.

The Gold Report Interview with Shane Nagle (2/23/15) "Primary silver producers like THO have been focusing on reducing all-in operating costs."

Great Panther Silver Ltd.

Charlotte McLeod, Resource Investing News (2/23/15) "GPR announced a 30% increase in San Ignacio's Indicated resource."

Primero Mining Corp.

Joseph Fazzini, ZZ-OLD Dundee Capital Markets (2/23/15) "P's Black Fox continues to demonstrate resource growth potential."

Mike Parkin, Desjardins Securities (2/23/15) "P is finding higher grades over wider intercepts at depth."

Dan Rollins, RBC Capital Markets (2/23/15) "P should outperform given its positive Black Fox exploration update."

MAG Silver Corp.

Andrew Kaip, BMO Capital Markets (2/20/15) "Ramp advancement at MAG's Juanicipio appears to be progressing."

Mandalay Resources Corp.

Benjamin Asuncion, Haywood Securities (2/19/15) "MND replaced reserves at Cerro Bayo and Costerfield, net of depletion."

MAG Silver Corp.

Heiko Ihle, H.C. Wainwright & Co. (2/19/15) "We like MAG, both on an individual asset and a management level."

Kevin MacKenzie, Salman Partners (2/19/15) "Development is on track for mine commissioning at MAG's Juanicipio."

Silver Wheaton Corp.

The Gold Report Interview with Gwen Preston (2/18/15) "SLW provides exposure to rising gold and silver prices without the risks inherent in exploration and development."

Mandalay Resources Corp.

Benjamin Asuncion, Haywood Securities (2/18/15) "Q4/14 provided a positive read-through for MND's operating mines."

Chris Thompson, Raymond James (2/18/15) "We regard MND as a top quality story and sound investment option."

Mike Parkin, Desjardins Securities (2/18/15) "MND's Q4/14 adjusted earnings of $5.5M were in line with our estimate."

Tahoe Resources Inc.

Matthew O'Keefe, ZZ-OLD Dundee Capital Markets (2/17/15) "The Rio acquisition will result in a key transformation for THO."

Mandalay Resources Corp.

Andrew Kaip, BMO Capital Markets (2/17/15) "MND projects a further $7M in exploration for 2015."

Tahoe Resources Inc.

Charlotte McLeod, Resource Investing News (2/17/15) "THO notched low cash costs of $4.91/oz in Q4/14."

Alexco Resource Corp.

The Gold Report Interview with Mike Niehuser (2/16/15) "AXR's environmental business continues to grow and cover overhead while the company unlocks the exploration upside at Keno Hill."

Primero Mining Corp.

Rob Chang, Cantor Fitzgerald (2/13/15) "P's Q4/14 financial results were largely in line with forecasts."

Mike Parkin, Desjardins Securities (2/13/15) "Operationally, the outlook for P's San Dimas is positive."

Jeff Killeen, CIBC World Markets (2/13/15) "P's cost base has room to generate free cash flow today."

Brian Szeto, PI Financial (2/13/15) "San Dimas continues to be P's flagship asset."

Joseph Fazzini, Dundee Capital Markets (2/12/15) "Overall, P's Q4/14 and FY14 financial results were as we expected."

Barry Allan, Mackie Research Capital (2/12/15) "P still has underlying value compared to its peers and share price."

MAG Silver Corp.

The Gold Report Interview with Chris Thompson (2/11/15) "MAG's Juanicipio is probably the second most high-grade, undeveloped primary silver project in the world."

Bear Creek Mining Corp.

The Gold Report Interview with Chris Thompson (2/11/15) "BCM has a well-respected management team."

Rye Patch Gold Corp.

Matthew Sheppard, Jacob Securities (2/11/15) "RPM is focusing on the projects where the most value can be added."

Tahoe Resources Inc.

Canaccord Genuity's Morning Coffee (2/10/15) "The new THO will have strong free cash flow, superior financial returns and a strong balance sheet."

Charlotte McLeod, Resource Investing News (2/9/15) "THO's takeover of Rio Alto may signal more industry consolidation to come."

Primero Mining Corp.

Rob Chang, Cantor Fitzgerald (2/5/15) "P plans to access higher-grade ore in 2015 at both San Dimas and Black Fox."

Silver Wheaton Corp.

The Gold Report Interview with Mary Anne Aden (2/4/15) "SLW is our favorite way to have our foot in the door on silver."

Primero Mining Corp.

Mike Parkin, Desjardins Securities (2/2/15) "We expect P's Black Fox mine to increase its underground mining rate significantly in 2015."

Great Panther Silver Ltd.

Ash Guglani, Salman Partners (1/30/15) "GPR has committed to increasing the drilling budget for 2015."

Comstock Mining Inc.

Heiko Ihle, H.C. Wainwright & Co. (1/30/15) "LODE's strip ratio may be brought down further during 2015."

Source Exploration Corp.

The Gold Report Interview with Brien Lundin (1/28/15) "SOP is getting some great drill results on its Las Minas gold-silver-copper property in Mexico."

MAG Silver Corp.

The Gold Report Interview with Heiko Ihle (1/26/15) "The grades at MAG's Juanicipio silver project are phenomenal."

Great Panther Silver Ltd.

The Gold Report Interview with Heiko Ihle (1/26/15) "GPR's Guanajuato is producing silver at decent cash costs."

Alexco Resource Corp.

The Gold Report Interview with Heiko Ihle (1/26/15) "At the current silver price, AXR can make money with production."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (1/22/15) "TV's 2014 production performance at Santander is one of the best start-up years we have seen."

Alexco Resource Corp.

Christos Doulis, PI Financial (1/20/15) "Infill drilling at AXR's Christal zone returned impressive results."

Klondex Mines Ltd.

Philip Ker, PI Financial (1/20/15) "We are raising our target price for KDX."

Primero Mining Corp.

Mike Parkin, Desjardins Securities (1/20/15) "P's San Dimas project outperformed in Q4/14."

Tahoe Resources Inc.

Andrew Kaip, BMO Capital Markets (1/20/15) "THO's 2014 production of 20.3 Moz silver was at the upper end of the guidance range."

Trevali Mining Corp.

Derek Macpherson, M Partners (1/20/15) "TV's Stratmat drill results continue to expand the S-5 Lens zone."

Tahoe Resources Inc.

Chris Thompson, Raymond James (1/20/15) "We continue to view THO as a top-quality story in the silver space."

Geordie Mark, Haywood Securities (1/20/15) "THO's 5.23 Moz silver production in Q4/14 was slightly ahead of our estimates."

Mandalay Resources Corp.

Mike Parkin, Desjardins Securities (1/19/15) "We view MND's sale of its Lupin and Ulu projects as a positive."

Silver Wheaton Corp.

Charles Gibson, Edison Investment Research (1/19/15) "We estimate SLW's earnings per share (excluding Pascua-Lima) of $1.50 in FY/19."

Great Panther Silver Ltd.

Heiko Ihle, H.C. Wainwright & Co. (1/16/15) "We expect GPR to continue its focus on increasing production in 2015."

Mandalay Resources Corp.

Mike Parkin, Desjardins Securities (1/13/15) "We met with MND's CEO and came away with higher conviction in our Top Pick rating."

Mike Parkin, Desjardins Securities (1/12/15) "We were impressed with MND's 9% beat to our Q4/14 production estimate."

Andrew Kaip, BMO Capital Markets (1/12/15) "MND's Q4/14 gold equivalent production was ~10% above our forecast."

Chris Thompson, Raymond James (1/12/15) "MND had stronger-than-expected Q4/14 production and sales."

Argonaut Gold Inc.

Matthew Sheppard, Jacob Securities (1/12/15) "Cyanide consumption at AR's Magino could be reduced by about 30%."

Silver Wheaton Corp.

Andrew Kaip, BMO Capital Markets (1/11/15) "SLW remains our preferred senior silver stock, with free cash flow even at low silver prices."

Tahoe Resources Inc.

Matthew O'Keefe, ZZ-OLD Dundee Capital Markets (1/8/15) "THO's Escobal benefits from very high grades and wide vein structures."

Silver Wheaton Corp.

Adrian Day, Global Analyst (1/8/15) "SLW's extension of its streaming agreement with Barrick is a positive."

Michael Jalonen, Merrill Lynch (1/8/15) "The strength of SLW's streaming model continues to shine."

Fortuna Silver Mines Inc.

Matthew O'Keefe, Dundee Capital Markets (1/8/15) "FVI remains our top pick."

Mandalay Resources Corp.

Raymond James (1/7/15) "MND is primed to deliver turnaround success at the Bjorkdal mine."

Silver Wheaton Corp.

Raymond James (1/7/15) "We anticipate SLW will have a strong Q4/14."

Mandalay Resources Corp.

Mike Parkin, Desjardins Securities (1/7/15) "Investors should buy MND before it rerates to trade more in line with its peer group."

Primero Mining Corp.

Mike Parkin, Desjardins Securities (1/7/15) "We expect P to generate $57.9M free cash flow in 2015."

Argonaut Gold Inc.

Andrew Kaip, BMO Capital Markets (1/7/15) "AR's Q4/14 and full year production numbers came in well above our estimates."

Great Panther Silver Ltd.

The Mining Report Interview with Rick Mills (1/6/15) "GPR is on top of the list of producers that are well positioned to take advantage of an uptick in gold and silver prices."