Silver Recommendations

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."

Excellon Resources Inc.

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."

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."

Mandalay Resources Corp.

RFC Ambrian (7/11/14) "Q2/14 saw a continued solid production performance from MND."

Tahoe Resources Inc.

Morning Coffee (7/11/14) "THO has outperformed its silver producer peers and senior gold producers."

Fortuna Silver Mines Inc.

Leon Esterhuizen, CIBC World Markets (7/11/14) "FVI delivered another strong set of quarterly production results, driven by improved results at San Jose."

Great Panther Silver Ltd.

Brien Lundin, Gold Newsletter (Jefferson Financial) (7/11/14) "The recent resource updates confirm that GPR still has a large silver-gold inventory left to mine."

Mandalay Resources Corp.

Benjamin Asuncion, Haywood Securities (7/11/14) "MND's drilling extended the distribution of known mineralization."

Fortuna Silver Mines Inc.

Benjamin Asuncion, Haywood Securities (7/11/14) "FVI's Q2/14 Ag eq production came in 6% higher than our estimate."

Great Panther Silver Ltd.

Ash Guglani, Salman Partners (7/10/14) "GPR reported a QOQ gain in silver production as a result of increased mill throughput."

Mandalay Resources Corp.

Andrew Kaip, BMO Capital Markets (7/10/14) "MND's Q2/14 Au eq production was largely in line with our forecasts."

Fortuna Silver Mines Inc.

Benjamin Asuncion, Haywood Securities (7/10/14) "FVI's Q2/14 production came in 6% higher than our estimate."

Continental Gold Ltd.

Joseph Fazzini, Dundee Capital Markets (7/10/14) "CNL's ongoing drilling, permitting updates and the upcoming PEA all support our Buy rating."

SilverCrest Mines Inc.

Thibaut Lepouttre, Caesars Report (7/10/14) "SVL's mill should reach nameplate capacity by the end of this month."

Mandalay Resources Corp.

Benjamin Asuncion, Haywood Securities (7/10/14) "MND's Cerro Bayo ramp-up and Cuffley contribution were key in Q2/14."

Fortuna Silver Mines Inc.

Trevor Turnbull, Scotia Capital (7/10/14) "FVI demonstrates strong and improving operations."

MAG Silver Corp.

The Gold Report Interview with Chris Mancini (7/9/14) "MAG's management has proven that it can add value."

Mandalay Resources Corp.

Andrew Kaip, BMO Capital Markets (7/9/14) "MND identified two new veins under Laguna Verde at Cerro Bay."

Primero Mining Corp.

Barry Allan, Mackie Research Capital (7/9/14) "Two of five drill holes at P's Black Fox yielded very good results."

Rye Patch Gold Corp.

Matthew Sheppard, Jacob Securities (7/7/14) "RPM's Lincoln Hill PEA is positive, significantly boosting our NAV."

Gran Colombia Gold Corp.

The Gold Report Interview with David H. Smith (7/7/14) "Colombia has been a much better place for business recently and GCM's stock has increased substantially."

Great Panther Silver Ltd.

Ash Guglani, Salman Partners (7/3/14) "GPR is increasing confidence in San Ignacio through the drill bit."

The Mining Report Interview with Rick Mills (7/1/14) "GPR's leverage to a rising silver price is hard to beat."

Primero Mining Corp.

Barry Allan, Mackie Research Capital (6/23/14) "The potential of P's Black Fox mine could be very significant."

Rob Chang, Cantor Fitzgerald (6/20/14) "P's Black Fox mine has the potential for additional upside."

Mike Parkin, Desjardins Securities (6/20/14) "The addition of a second producing asset should help rerate P's shares."

Joseph Fazzini, Dundee Capital Markets (6/20/14) "Black Fox can meaningfully contribute to P's bottom line."

Excellon Resources Inc.

John R. Ing, Maison Placement (6/19/14) "EXN has been growing production and cash flow."

MAG Silver Corp.

The Gold Report Interview with Frank Holmes (6/18/14) "MAG is a high-grade name with strong performance."

SilverCrest Mines Inc.

Philip Ker, PI Financial (6/18/14) "SVL's new 3 Ktpd mill is progressing on time and on budget."

Mandalay Resources Corp.

Ron Struthers, Struthers Resource Stock Report (6/17/14) "MND's new Bjorkdal mine is safe, highly productive and adds 15 Koz Au eq in H2/14."

Tahoe Resources Inc.

The Gold Report Interview with Joe Foster (6/11/14) "THO has done a fantastic job starting its mine in Guatemala."

Premier Gold Mines Ltd.

Rob Chang, Cantor Fitzgerald (6/11/14) "PG's recent drilling at Cove has encountered some excellent intercepts of up to 183 g/t Au, as well as high silver grades."

MAG Silver Corp.

Zacks Equity Research (6/4/14) "If you're looking for an under-the-radar stock that's well positioned for a surge, consider MAG."

Sierra Metals Inc.

The Mining Report Interview with Ricardo Carrión (6/3/14) "SMT is an excellent example of a company with production plus exploration catalysts for the market in the near term."

Great Panther Silver Ltd.

Brien Lundin, Gold Newsletter (Jefferson Financial) (5/30/14) "GPR is expected to produce 3.1–3.2 Moz Ag in 2014."

Fortuna Silver Mines Inc.

The Gold Report Interview with Louis James (5/28/14) "I'm very pleased with FVI."

MAG Silver Corp.

Philip Ker, PI Financial (5/28/14) "MAG's increased tonnage at Juanicipio provides additional upside."

Trevali Mining Corp.

Stefan Ioannou, Haywood Securities (5/28/14) "TV is poised to become a marquee midtier zinc producer."

Adam Low, Raymond James (5/28/14) "We view TV as offering the best equity exposure to zinc."

Derek Macpherson, M Partners (5/28/14) "TV will be the only midtier producer with significant zinc leverage."

MAG Silver Corp.

David Sadowski, Raymond James (5/27/14) "MAG's Juanicipio is the best undeveloped silver project in the world."

Michael Gray, Macquarie Capital Markets (5/27/14) "We see very few companies with such economically robust assets as MAG's Juanicipio."

Argonaut Gold Inc.

Andrew Kaip, BMO Capital Markets (5/27/14) "Drilling shows AR's San Agustin could double current Au eq resources."

MAG Silver Corp.

Andrew Kaip, BMO Capital Markets (5/27/14) "MAG showed ~14% growth of Indicated silver resources at Juanicipio."

Fortuna Silver Mines Inc.

Lawrence Roulston, Resource Opportunities (5/26/14) "FVI's boost in production at San Jose adds considerable upside."

Tahoe Resources Inc.

The Gold Report Interview with Charles Oliver (5/19/14) "THO is doing a very good job of ramping up Escobal to nameplate capacity."

SilverCrest Mines Inc.

Chris Lichtenheldt, Dundee Capital Markets (5/16/14) "SVL's Q1/14 EPS and cash position were in line with our expectations."

Philip Ker, PI Financial (5/15/14) "SVL's low cash costs contributed $6.6M to Q1/14 operating cash flow."

Chris Thompson, Raymond James (5/15/14) "SVL offers attractive growth, fueled by Santa Elena's conversion."

Klondex Mines Ltd.

Philip Ker, PI Financial (5/15/14) "KDX beat our gold and silver recovery projections and made progress with the Midas mill in just five weeks."

Fortuna Silver Mines Inc.

Graeme Jennings, Cormark Securities (5/13/14) "FVI offers a stable, profitable production profile."

Tahoe Resources Inc.

Morning Coffee (5/13/14) "Year to date, THO has outperformed its silver peers and silver bullion."

Fortuna Silver Mines Inc.

Benjamin Asuncion, Haywood Securities (5/13/14) "FVI delivered Q1/14 operating cash flow of $16.9M ($0.13/share)."