Silver Recommendations

Tahoe Resources Inc.

The Gold Report Interview with Keith Phillips (8/27/14) "THO's Escobal silver mine in Guatemala is truly world class."

Fortuna Silver Mines Inc.

Benjamin Asuncion, Haywood Securities (8/27/14) "FVI's global resources have demonstrated significant growth, increasing 57% year over year."

John Kratochwil, Canaccord Genuity (8/27/14) "Based on the resource growth at FVI's San Jose, we are upgrading to a Buy rating."

Lion One Metals Ltd.

Lawrence Roulston, Resource Opportunities (8/26/14) "LIO is making tremendous progress on its Tuvatu gold project in Fiji."

Silver Wheaton Corp.

Trefis (8/23/14) "SLW's production should total 35 Moz Ag eq in 2014 and 48 Moz in 2018."

Argonaut Gold Inc.

Sam Crittenden, RBC Capital Markets (8/22/14) "Measured, Indicated and Inferred oxide silver and gold estimates for AR's San Agustin have doubled."

Pretium Resources Inc.

Joe Reagor, ROTH Capital Partners (8/22/14) "PVG continues to exceed our expectations and the company has reinforced our Buy rating."

Silver Wheaton Corp.

Charles Gibson, Edison Investment Research (8/21/14) "Despite being notably less risky, SLW is still the cheapest royalty/streaming play among its peers."

SilverCrest Mines Inc.

The Mining Report Interview with Björn Paffrath (8/19/14) "SVL sits on a healthy cash position, which should increase from future free cash flow."

MAG Silver Corp.

The Mining Report Interview with Björn Paffrath (8/19/14) "MAG shows a long history for discovering promising silver assets."

Fortuna Silver Mines Inc.

The Mining Report Interview with Björn Paffrath (8/19/14) "FVI recently had some great drill results at San Jose."

Excellon Resources Inc.

The Mining Report Interview with Björn Paffrath (8/19/14) "We took a deeper look at EXN and started to build a position."

Silver Wheaton Corp.

John Bridges, J.P. Morgan (8/19/14) "SLW's sales and production numbers should both see gains in H2/14."

Mandalay Resources Corp.

Benjamin Asuncion, Haywood Securities (8/15/14) "The 40M share transaction does not impact MND's financial position."

SilverCrest Mines Inc.

Stuart McDougall, Jennings Capital (8/15/14) "SVL's Q2/14 financials were in line with our expectations."

Almaden Minerals Ltd.

Ash Guglani, Salman Partners (8/15/14) "AMM has found new volcanic-hosted mineralization beside the Ixtaca deposit."

Silver Wheaton Corp.

Dan Rollins, RBC Capital Markets (8/15/14) "SLW is a preferred investment given its asset quality, liquidity, optionality and attractive growth prospects."

Canaccord Genuity's Morning Coffee (8/15/14) "SLW's Sudbury stream should have a strong rebound in H2/14."

SilverCrest Mines Inc.

Benjamin Asuncion, Haywood Securities (8/15/14) "In Q2/14, SVL delivered operating cash flow of $1.6M."

Chris Thompson, Raymond James (8/14/14) "SVL offers an attractive growth profile."

Tahoe Resources Inc.

Leon Esterhuizen, CIBC World Markets (8/14/14) "In Q2/14, THO's net earnings and operating cash flows increased."

Argonaut Gold Inc.

Andrew Kaip, BMO Capital Markets (8/14/14) "AR's Q2/14 EPS beat was due to lower-than-expected operating costs."

Fortuna Silver Mines Inc.

Matthew O'Keefe, Dundee Capital Markets (8/14/14) "Results from FVI's San Jose expansion study are expected in Q4/14."

Benjamin Asuncion, Haywood Securities (8/14/14) "FVI's Q2/14 operating cash flow came in ahead of our estimates."

SilverCrest Mines Inc.

Matthew O'Keefe, Dundee Capital Markets (8/14/14) "SVL's Q2/14 EPS and CFPS were in line with our estimates."

Philip Ker, PI Financial (8/14/14) "SVL had a successful Q2/14 and we expect continued production growth to come."

Argonaut Gold Inc.

Sam Crittenden, RBC Capital Markets (8/14/14) "AR's Q2/14 financials were in line; CFPS was modestly higher."

Silver Wheaton Corp.

Michael Gray, Macquarie Capital Markets (8/14/14) "SLW has high exposure to asset expansion and exploration upside."

Tahoe Resources Inc.

The Gold Report Interview with Chris Thompson (8/13/14) "THO's Escobal asset stands to deliver significant cash flow in the near term."

SilverCrest Mines Inc.

The Gold Report Interview with Chris Thompson (8/13/14) "SVL's Santa Elena mine at depth offers significant production-growth potential."

Fortuna Silver Mines Inc.

The Gold Report Interview with Chris Thompson (8/13/14) "FVI is a rare example of a company that operates two mines in two countries efficiently and cost effectively."

Chris Thompson, Raymond James (8/13/14) "We maintain our Outperform rating on FVI following in-line Q2/14 results."

Tahoe Resources Inc.

Matthew O'Keefe, Dundee Capital Markets (8/13/14) "THO's Escobal has now reached a steady state and has more to give."

Fortuna Silver Mines Inc.

Trevor Turnbull, Scotia Capital (8/13/14) "We continue to appreciate the growth opportunities at FVI's Trinidad North."

Silver Wheaton Corp.

John Bridges, J.P. Morgan (8/13/14) "We expect H2/14 to be strong for SLW."

Andrew Kaip, BMO Capital Markets (8/13/14) "SLW trades well below its silver producer peers; it is rated Outperform."

Tahoe Resources Inc.

Andrew Kaip, BMO Capital Markets (8/12/14) "THO's Q2/14 earnings beat was due to higher silver grades."

Fortuna Silver Mines Inc.

Andrew Kaip, BMO Capital Markets (8/12/14) "Operationally, FVI performed in line with expectations in Q2/14."

Franco-Nevada Corp.

Alex Terentiew, Raymond James (8/12/14) "FNV's financing deal with True Gold will provide an estimated 6% return."

SilverCrest Mines Inc.

Matthew O'Keefe, Dundee Capital Markets (8/11/14) "SVL's Santa Elena mill commissioning confirms our confidence in management."

Mandalay Resources Corp.

Benjamin Asuncion, Haywood Securities (8/8/14) "We view a successful closing of MND's Elgin acquisition as probable."

RFC Ambrian (8/7/14) "In Q2/14, MND demonstrated its reliable productivity and cost control."

Primero Mining Corp.

Michael Gray, Macquarie Equity Research (8/7/14) "P's San Dimas property is a consistently strong performer."

Almaden Minerals Ltd.

Brien Lundin, Gold Newsletter (Jefferson Financial) (8/7/14) "AMM's solid infill drill results boost confidence in the Ixtaca deposit."

SilverCrest Mines Inc.

Brien Lundin, Gold Newsletter (Jefferson Financial) (8/7/14) "I would look at any weakness due to SVL's Q2/14 earnings release as a significant buying opportunity."

Primero Mining Corp.

Joseph Fazzini, Dundee Capital Markets (8/6/14) "For P, we forecast Q2/14 EPS of $0.05, in line with consensus."

Mandalay Resources Corp.

Andrew Kaip, BMO Capital Markets (8/6/14) "MND's Q2/14 headline EPS of $0.01 was in line with our estimate."

SilverCrest Mines Inc.

The Gold Report Interview with Jason Hamlin (8/6/14) "SVL will be one of the top-performing silver miners for the next couple of years."

MAG Silver Corp.

The Mining Report Interview with David Sadowski (8/5/14) "MAG is truly an asset-rich company."

Tahoe Resources Inc.

The Gold Report Interview with Doug Groh (8/4/14) "We think THO is going to be a stellar performer in the years to come."

Ben Kramer-Miller, Seeking Alpha (7/31/14) "The fact that EXN brought down costs in Q2/14 is great."

Primero Mining Corp.

Brian Szeto, PI Financial (7/31/14) "P continues to optimize its 100%-owned Cerro del Gallo project."

Asanko Gold Inc.

Joe Mazumdar, Canaccord Genuity (7/29/14) "Metallurgical test results for AKG's Dynamite Hill came in higher than our forecasts."

Silver Wheaton Corp.

John Bridges, J.P. Morgan (7/29/14) "SLW's amended agreement makes Keno Hill more likely to be developed."

Mandalay Resources Corp.

Andrew Kaip, BMO Capital Markets (7/28/14) "MND should gain CA$2.46M from accelerated exercise of Elgin's warrants."

Excellon Resources Inc.

Thibaut Lepouttre, Caesars Report (7/27/14) "A seismic survey close to EXN's existing mine infrastructure could be a cost-effective way to generate new exploration targets."

Rye Patch Gold Corp.

Global Mining Observer (7/24/14) "RPM's Rochester royalty should produce 4 Moz silver this year."

Comstock Mining Inc.

Heiko Ihle, H.C. Wainwright & Co. (7/23/14) "LODE's operational efficiencies seem to be taking hold at the site."

Primero Mining Corp.

The Mining Report Interview with Jocelyn August (7/22/14) "We're looking at a construction decision at the Cerro del Gallo silver-gold project operated by P."

Klondex Mines Ltd.

Lawrence Roulston, Resource Opportunities (7/21/14) "KDX's Q2/14 results are a significant improvement over the previous quarter."

MAG Silver Corp.

Lawrence Roulston, Resource Opportunities (7/21/14) "MAG's value is poised to go a lot higher from Juanicipio's full value."

SilverCrest Mines Inc.

Philip Ker, PI Financial (7/18/14) "We expect consistent growth from SVL."

MAG Silver Corp.

David Sadowski, Raymond James (7/17/14) "MAG's closing of the private placement is a significant milestone."

Andrew Kaip, BMO Capital Markets (7/17/14) "MAG already has enough cash for initial development of Juanicipio, supporting our Outperform rating."

Michael Gray, Macquarie Capital Markets (7/17/14) "MAG's Juanicipio is the world's best undeveloped silver asset."

SilverCrest Mines Inc.

Chris Thompson, Raymond James (7/17/14) "SVL offers investors an attractive growth profile."

Excellon Resources Inc.

The Gold Report Interview with Sean Rakhimov (7/16/14) "EXN has a handle on its deposit's cost structure and grade."

Fortuna Silver Mines Inc.

The Gold Report Interview with Sean Rakhimov (7/16/14) "FVI continues to have impressive drill results in Mexico."

Great Panther Silver Ltd.

The Gold Report Interview with Sean Rakhimov (7/16/14) "GPR is on the list of silver companies that have done well."

SilverCrest Mines Inc.

The Gold Report Interview with Sean Rakhimov (7/16/14) "SVL could be a juicy target for a larger company."

Tahoe Resources Inc.

The Gold Report Interview with Sean Rakhimov (7/16/14) "All indications point to a very successful future for THO."

Klondex Mines Ltd.

Philip Ker, PI Financial (7/16/14) "KDX had strong sales and production in Q2/14, both of which beat our projections."

Argonaut Gold Inc.

Michael Siperco, Macquarie Capital Markets (7/16/14) "AR's San Agustin resource could grow from ~400 Koz to roughly 750 Koz."

Sam Crittenden, RBC Capital Markets (7/15/14) "AR's drilling at San Agustin continues to expand the deposit."

Trevali Mining Corp.

Adam Low, Raymond James (7/15/14) "TV's lead production exceeded our expectations by 39%."

Chris Chang, Laurentian Bank Securities (7/15/14) "TV represents the go-to name for zinc leverage."

Fortuna Silver Mines Inc.

Trevor Turnbull, Scotia Capital (7/14/14) "FVI continues to outperform, backed by growing production and the expanding Trinidad North discovery."

Leon Esterhuizen, CIBC World Markets (7/14/14) "FVI's drill results confirm that high-grade silver-gold mineralization remains open along strike to the north and to depth at Trinidad North."

Benjamin Asuncion, Haywood Securities (7/14/14) "FVI intersected 1,029 g/t Ag and 5.94 g/t Au over 3.3m at Trinidad North."

Source Exploration Corp.

The Gold Report Interview with Thomas Schuster (7/14/14) "SOP's Las Minas property excites me, as it has the potential for some big, high-grade discoveries."