Silver Recommendations

MAG Silver Corp.

Joe Reagor, ROTH Capital Partners (8/21/17) "We see significant production and exploration upside in MAG."

Wheaton Precious Metals Corp.

Michael Gray, Macquarie Capital Markets (8/21/17) "WPM announced that it is increasing its dividend from 20 to 30%."

Rye Patch Gold Corp.

Michael Gray, Macquarie Capital Markets (8/18/17) "RPM has secured financing for four additional used CAT 785C trucks."

MAG Silver Corp.

Bhakti Pavani, Euro Pacific Capital (8/16/17) "A revised mine plan for MAG's Juanicipio is expected in Q3/17."

Great Panther Silver Limited

Heiko Ihle, H.C. Wainwright & Co. (8/15/17) "Drilling at GPR's Coricancha extended known high-grade areas."

MAG Silver Corp.

Chris Thompson, Raymond James (8/15/17) "MAG's JV ground offers additional exploration upside."

Great Panther Silver Limited

Jake Sekelsky, ROTH Capital Partners (8/10/17) "We are initiating coverage on GPR with a Buy rating."

Wheaton Precious Metals Corp.

Andrew Kaip, BMO Capital Markets (8/10/17) "WPM reported a slight beat in Q2/17 relative to expectations."

Southern Silver Exploration Corp.

Thibaut Lepouttre, Caesars Report (8/9/17) "The maiden resource at SSV's Cerro Las Minitas is ~115 Moz Ag eq."

MAG Silver Corp.

Gwen Preston, Resource Maven (8/9/17) "The completed feasibility study on Juanicipio will revalue MAG."

Great Panther Silver Limited

Bhakti Pavani, Euro Pacific Capital (8/4/17) "GPR expects a response to its TSF permit application in 60 days."

Heiko Ihle, Rodman & Renshaw (8/3/17) "GPR's Q2/17 net income totaled $0.8M, an improvement from Q2/16."

Christopher Ecclestone, Hallgarten & Co. (8/2/17) "The purchase of Coricancha boosts GPR's position in lead/zinc."

MAG Silver Corp.

Heiko Ihle, Rodman & Renshaw (8/2/17) "A feasibility study on MAG's Juanicipio would analyze new changes to the ore body."

Michael Gray, Macquarie Capital Markets (8/1/17) "A feasibility study will be done on MAG's JV Juanicipio by the end of 2017."

Rye Patch Gold Corp.

Brien Lundin, Gold Newsletter (Jefferson Financial) (8/1/17) "RPM aims to hit commercial production at Florida Canyon in Q3/17."

Wheaton Precious Metals Corp.

Charles Gibson, Edison Investment Research (7/27/17) "WPM's Q1/17 net earnings were within 0.4% of our prior expectations."

Rye Patch Gold Corp.

Philip Ker, PI Financial (7/26/17) "We are initiating coverage on RPM, highlighting its transformational Florida Canyon acquisition where the company is on the cusp of declaring commercial production in Q3/17."

MAG Silver Corp.

Gwen Preston, Resource Maven (7/26/17) "The Juanicipio technical study is a likely positive catalyst for MAG."

GFG Resources Inc.

Craig Stanley, Eight Capital (7/24/17) "On a site visit, we were impressed with GFG, the location and access."

Southern Silver Exploration Corp.

Thibaut Lepouttre, Caesars Report (7/22/17) "SSV reported assays from below a copper-rich Cerro Las Minitas zone."

Great Panther Silver Limited

Heiko Ihle, Rodman & Renshaw (7/17/17) "In Q2/17, GPR achieved record production of 1.1 Moz Ag eq."

Wheaton Precious Metals Corp.

Ralph Aldis, U.S. Global Investors (7/11/17) "WPM is one of the three biggest and most successful royalty and streaming companies."

MAG Silver Corp.

Heiko Ihle, Rodman & Renshaw (7/10/17) "Capacity increase to 4 Ktpd should increase value at MAG's Juanicipio."

Canaccord Genuity Morning Coffee (7/7/17) "MAG plans to release an updated Juanicipio resource estimate in Q3/17."

Kevin MacKenzie, Canaccord Genuity (7/6/17) "We continue to view MAG as a premier investment in the silver space."

Great Panther Silver Limited

Brien Lundin, Gold Newsletter (Jefferson Financial) (7/1/17) "GPR hit some remarkable results from surface drilling at San Ignacio."

Rye Patch Gold Corp.

Brien Lundin, Gold Newsletter (Jefferson Financial) (7/1/17) "RPM's enviable portfolio combines production with exploration upside."

Thibaut Lepouttre, Caesars Report (6/30/17) "RPM has completed a CA$10M bought deal to top up its treasury."

Wheaton Precious Metals Corp.

Charles Gibson, Edison Investment Research (6/29/17) "WPM's Q1/17 net earnings were within 0.4% of our prior expectations."

GFG Resources Inc.

Craig Stanley, Eight Capital (6/27/17) "GFG will drill 50 holes for 15,000m of drilling at Rattlesnake Hills."

Golden Arrow Resources Corp.

Byron King, Gold Speculator (6/27/17) "For GRG, the JV with Silver Standard is profitable at current prices."

GFG Resources Inc.

Craig Stanley, Eight Capital (6/21/17) "We are initiating coverage on GFG with a Buy rating."

MAG Silver Corp.

Gwen Preston, Resource Maven (6/21/17) "MAG provides strong leverage to silver, something a subset of metals investors seek because silver often outperforms gold in a bull market."

Gwen Preston, Resource Maven (6/18/17) "I have spent a fair bit of time looking at MAG and believe it's a Buy."

Wheaton Precious Metals Corp.

Brian MacArthur, Raymond James (6/15/17) "We are resuming coverage on WPM with an Outperform rating."

Rye Patch Gold Corp.

George Topping, iA Securities (6/2/17) "RPM poured 3,094 oz gold during May at Florida Canyon."

Great Panther Silver Limited

Heiko Ihle, Rodman & Renshaw (6/2/17) "The commissioning phase of GPR's Topia processing plant is complete."

Rye Patch Gold Corp.

Michael Gray, Macquarie Capital Markets (6/2/17) "RPM produced ~100 oz/day Au (3,094 oz Au) in May at Florida Canyon."

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/1/17) "RPM has elected to sell its 3.4% NSR to Coeur Rochester for $5M."

MAG Silver Corp.

Andrew Kaip, BMO Capital Markets (5/30/17) "We are upgrading MAG to Outperform, taking advantage of recent share price weakness."

Red Eagle Mining Corp.

Gwen Preston, Resource Maven (5/30/17) "Even if all-in costs creep up, the baseline was so low at US$671 per oz. that R's Santa Rosa mine should make very good money regardless."

Rye Patch Gold Corp.

Michael Gray, Macquarie Capital Markets (5/25/17) "RPM is sequentially derisking the ramp-up at Florida Canyon."

Wheaton Precious Metals Corp.

Charles Gibson, Edison Investment Research (5/25/17) "WPM's Q1/17 results were closely aligned with our prior expectations."

The Gold Report Article by Adrian Day (5/23/17) "Wheaton Precious Metals Corp. is the new name for Silver Wheaton, a reflection of the fact that the majority of its revenues no longer come from silver."

Jefferson Research (5/19/17) "SLW is showing strong earnings quality and cash flow quality."

Rye Patch Gold Corp.

George Topping, iA Securities (5/18/17) "RPM's Florida Canyon is on schedule for Q3/17 commercial production."

Canaccord Genuity Morning Coffee (5/18/17) "RPM's Florida Canyon mine restart project is largely complete."

Wheaton Precious Metals Corp.

Charles Gibson, Edison Investment Research (5/18/17) "WPM's Q1/17 results were closely aligned with our expectations. . .for the second quarter in succession, gold sales exceeded silver sales."

Golden Arrow Resources Corp.

Salma Tarikh, The Northern Miner (5/15/17) "GRG has jumped from an explorer to a silver producer in Argentina."

Wheaton Precious Metals Corp.

Michael Gray, Macquarie Equity Research (5/11/17) "SLW reported adjusted EPS/CFPS for Q1/17 of $0.14/$0.28."

Energy Fuels Inc.

David Talbot, Eight Capital (5/10/17) "EFR's alternate feed rose from 16% to 32% in Q1/17."

Wheaton Precious Metals Corp.

Cosmos Chiu, CIBC World Markets (5/10/17) "Of SLW's $198M Q1/17 revenue, 46% was from silver, 54% from gold."

Josh Wolfson, Eight Capital (5/10/17) "SLW reported Q1/17 adjusted EPS of $0.14, above our estimate of $0.13."

Andrew Kaip, BMO Capital Markets (5/9/17) "SLW paid down ~$130M in debt during Q1/17."

Great Panther Silver Limited

Bhakti Pavani, Euro Pacific Capital (5/5/17) "GPR's reported Q1/17 revenue of $12.3M was higher than our estimate."

Golden Arrow Resources Corp.

Christopher Ecclestone, Hallgarten & Co. (5/1/17) "GRG combining assets with Silver Standard's is a classic 'win-win.'"

Rye Patch Gold Corp.

Michael Gray, Macquarie Capital Markets (5/1/17) "RPM poured its first gold from its new leach pad at Florida Canyon."

Great Panther Silver Limited

Brien Lundin, Gold Newsletter (Jefferson Financial) (5/1/17) "I still like GPR as a leveraged play on a bull market for silver."

Wheaton Precious Metals Corp.

Charles Gibson, Edison Investment Research (4/27/17) "SLW shares are trading more cheaply than those of its 'peers.'"

Josh Wolfson, Eight Capital (4/24/17) "SLW's Q1/17 production in concentrate was an estimated 13 Moz Ag eq."

Michael Gray, Macquarie Capital Markets (4/16/17) "We think SLW shares benefit from the pending restart of San Dimas."

Great Panther Silver Limited

Bhakti Pavani, Euro Pacific Canada (4/12/17) "GPR reported Q1/17 production of 727,372 oz Ag eq."

Heiko Ihle, Rodman & Renshaw (4/12/17) "GPR should meet our annual production estimate of 4 Moz Ag eq."

MAG Silver Corp.

Philip Ker, PI Financial (4/11/17) "Increased operations at MAG's Deep zone to 4,000 tpd appear likely."

Golden Arrow Resources Corp.

Byron King, Gold Speculator (4/11/17) "There's upside built into GRG, and I'd hate to miss out on it."

MAG Silver Corp.

Raymond James (4/6/17) "MAG prices offer high-margin precious metals exposure with upside."

Rye Patch Gold Corp.

George Topping, iA Securities (4/5/17) "We are initiating coverage on RPM with a Buy recommendation."

Golden Arrow Resources Corp.

Haywood Securities (3/31/17) "A JV will combine GRG's Chinchillas and Silver Standard's Pirquitas."

Wheaton Precious Metals Corp.

Charles Gibson, Edison Investment Research (3/30/17) "SLW's shares are trading more cheaply than those of its peers."

MAG Silver Corp.

Bhakti Pavani, Euro Pacific Canada (3/29/17) "We are initiating coverage on MAG with a Buy rating."

Wheaton Precious Metals Corp.

Charles Gibson, Edison Investment Research (3/29/17) "In Q4/16, SLW's gold sales and cash flow exceeded silver's."

Michael Gray, Macquarie Capital Markets (3/22/17) "Salobo contributed 71.3 Koz Au to SLW's record Q4/16 production."

Josh Wolfson, Eight Capital (3/22/17) "SLW reported Q4/16 adjusted earnings of $0.19, above our estimate."

Cosmos Chiu, CIBC World Markets (3/22/17) "Importantly, SLW's proposed name change to Wheaton Precious Metals Corp. reflects an ongoing focus for future acquisitions."

Andrew Kaip, BMO Capital Markets (3/21/17) "SLW reported in line Q4/16 EPS."

GFG Resources Inc.

Michael Gray, Macquarie Capital Markets (3/17/17) "GFG discovered a new area of gold mineralization at Rattlesnake Hills."

MAG Silver Corp.

Eric Zaunscherb, Canaccord Genuity (3/16/17) "MAG recently revealed plans to develop Juanicipio."

Wheaton Precious Metals Corp.

Josh Wolfson, Eight Capital (3/14/17) "For SLW, we forecast 2017 Ag eq concentrate production of 53.3 Moz."

Trevali Mining Corp.

Jeff Woolley, Paradigm Capital (3/13/17) "TV remains our most leveraged name to benefit from the improving zinc and lead pricing environment and a Top Pick for those seeking financial exposure to these commodities."