Silver Recommendations

SilverCrest Mines Inc.

The Gold Report Interview with Jay Taylor (9/29/14) "I expect SVL will continue to grow organically without shareholder dilution."

Almaden Minerals Ltd.

The Gold Report Interview with Jay Taylor (9/29/14) "AMM's Ixtaca has developed quite nicely into a low-cost, multimillion-ounce project."

SilverCrest Mines Inc.

Joe Reagor, ROTH Capital Partners (9/29/14) "We arrive at a total valuation of $230M for SVL."

Matthew O'Keefe, Dundee Capital Markets (9/26/14) "SVL's optimized milling rate of 3 Ktpd is targeted for Q4/14."

Philip Ker, PI Financial (9/26/14) "SVL is evaluating re-opening Santa Elena's pit and is taking tenders."

Fortuna Silver Mines Inc.

Chris Thompson, Raymond James (9/25/14) "We are upgrading FVI to Strong Buy after our San Jose site visit."

Sierra Metals Inc.

The Gold Report Interview with Christos Doulis (9/22/14) "SMT's Yauricocha is the engine that provides the cash for the growth of the company in Mexico."

Tahoe Resources Inc.

John Bridges, J.P. Morgan (9/18/14) "THO generates significant cash flows and plans to initiate a dividend."

Klondex Mines Ltd.

Derek Macpherson, M Partners (9/16/14) "KDX intercepted 2,184 g/t gold and 27 g/t silver over 0.4m at Honeyrunner."

Primero Mining Corp.

Jeff Killeen, CIBC World Markets (9/16/14) "We expect shares of P to trade at a premium to its peer group."

Brian Szeto, PI Financial (9/16/14) "P's Black Fox Deep zone connects the 400m level to the 700m level."

Matthew Sheppard, Jacob Securities (9/15/14) "P continues to intercept high grades at its Black Fox project."

Mike Parkin, Desjardins Securities (9/15/14) "P's Black Fox and Grey Fox both showed some promising drill results."

Dan Rollins, RBC Capital Markets (9/15/14) "P's Grey Fox continues to show exploration upside."

Fortuna Silver Mines Inc.

Silver Investing News (9/14/14) "FSM has no long-term debt and its production is expected to grow to 6 Moz silver this year."

Tahoe Resources Inc.

Silver Investing News (9/14/14) "THO is a top-five holding of the Global X Silver Miners ETF."

MAG Silver Corp.

Global Mining Observer (9/12/14) "MAG raised CA$86M last month in an oversubscribed share placement."

Mandalay Resources Corp.

Benjamin Asuncion, Haywood Securities (9/11/14) "MND completed the acquisition of Elgin for 50M shares and $27M in cash."

Mike Parkin, Desjardins Securities (9/11/14) "MND's feasibility study for Challacollo is on track and on budget."

Almaden Minerals Ltd.

Bob Moriarty, 321 Gold (9/11/14) "AMM's updated Ixtaca PEA shows a significant cost reduction."

Brien Lundin, Gold Newsletter (Jefferson Financial) (9/10/14) "Tuligtic's exploration upside and economic viability make AMM a good long-term gold and silver pick."

Tahoe Resources Inc.

The Gold Report Interview with Charles Oliver (9/8/14) "THO has one of the largest producing silver mines on the planet."

Silver Wheaton Corp.

The Gold Report Interview with Charles Oliver (9/8/14) "SLW has been one of the best performers over the last few years."

SilverCrest Mines Inc.

Philip Ker, PI Financial (9/4/14) "SVL's drill results showed intercepts with good widths and grades."

Almaden Minerals Ltd.

Ash Guglani, Salman Partners (9/4/14) "AMM's updated PEA for Ixtaca demonstrates stronger economics."

Mandalay Resources Corp.

Benjamin Asuncion, Haywood Securities (9/3/14) "MND's acquisition of Elgin Mining should close on or about Sept. 10."

Almaden Minerals Ltd.

Thibaut Lepouttre, Caesars Report (9/3/14) "AMM intecepted approximately 4.6 g/t Au eq just outside the limits of the resource estimate at Tuligtic."

Fortuna Silver Mines Inc.

Matthew O'Keefe, Dundee Capital Markets (8/28/14) "FVI remains our top pick in the silver sector."

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."

Andrew Kaip, BMO Capital Markets (8/27/14) "FVI's San Jose continues to demonstrate strong resource growth."

Vivien Diniz, Silver Investing News (8/27/14) "FVI's Indicated resource at San Jose increased by 42% for gold and 29% for silver."

Chris Thompson, Raymond James (8/27/14) "FVI's operations, cash balance and near-term organic growth are strong."

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."