Silver Recommendations

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."

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, 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."

Silver Wheaton Corp.

Canaccord Genuity’s Morning Coffee (1/6/15) "SLW has again extended its silver streaming agreement with Barrick."

Alexco Resource Corp.

Christos Doulis, PI Financial (1/6/15) "AXR's business model gives it access to resource opportunities where few other mining companies can compete."

Silver Wheaton Corp.

Ash Guglani, Salman Partners (1/6/15) "We reiterate our Top Pick recommendation of SLW."

Dan Rollins, RBC Capital Markets (1/5/15) "SLW's extension of its agreement with Barrick maintains the optionality."

Andrew Kaip, BMO Capital Markets (1/5/15) "We currently model start-up of the Pascua-Lama silver stream in H2/18."

Fortuna Silver Mines Inc.

Tickerscores (1/5/15) "FVI is one of the better performing miners this year."

Great Panther Silver Ltd.

Tickerscores (1/5/15) "GPR has achieved a 20% higher grade than its 2013 average."

Silver Wheaton Corp.

Trevor Turnbull, Scotia Capital (1/5/15) "We maintain our Sector Outperform rating on SLW."

Adrian Day, Global Analyst (1/3/15) "SLW is well positioned for any rebound in the silver price."

Hebba Investments, Seeking Alpha (12/30/14) "There simply is no other silver miner that can produce as cheaply as THO."

Silver Wheaton Corp.

Trefis (12/26/14) "SLW's attributable production is expected to rise to 48 Moz Ag eq in 2018."

The Gold Report Interview with Andrew Kaip (12/22/14) "SLW is in the 'flight to quality' group because it is a naturally defensive name."

Goldcorp Inc.

The Gold Report Interview with Andrew Kaip (12/22/14) "Investors are gravitating toward seniors with coherent strategies like G."

MAG Silver Corp.

Raymond James (12/18/14) "MAG ranks as one of our top picks."

Mandalay Resources Corp.

Raymond James (12/18/14) "MND is one of our top picks for its attractively valued growth potential and diverse production mix."

Fortuna Silver Mines Inc.

Benjamin Asuncion, Haywood Securities (12/18/14) "FVI's board approved expansion of the San Jose mine and mill."

Andrew Kaip, BMO Capital Markets (12/17/14) "FVI's San Jose expansion reflects a low-risk source of production growth."

Chris Thompson, Raymond James (12/17/14) "FVI can deliver growth in today's depressed metals price environment."

The Mining Report Interview with Paul Renken (12/16/14) "FVI has outperformed its production guidance in the two recent quarters."

Tahoe Resources Inc.

Stephen Walker, RBC Capital Markets (12/14/14) "THO's Escobal silver mine in Guatemala is low cost and long lived, with exploration upside."

Andrew Kaip, BMO Capital Markets (12/12/14) "THO is in the process of increasing Escobal's capacity to 4.5 Ktpd."

Franco-Nevada Corp.

GMP Securities (12/8/14) "FNV is positioned to thrive even in this metal price environment."

MAG Silver Corp.

The Gold Report Interview with Douglass Loud and Jeffrey Mosseri (12/3/14) "Companies like MAG will lead the rebound."

Primero Mining Corp.

Michael Gray, Macquarie Equity Research (12/3/14) "We continue to like P for its cornerstone San Dimas asset."

Silver Wheaton Corp.

Michael Gray, Macquarie Capital Markets (12/3/14) "SLW is one of our top picks amongst senior producers."

Fortuna Silver Mines Inc.

Matthew O'Keefe, Dundee Capital Markets (12/1/14) "FVI's exploration success at Trinidad North is a game changer."

Silver Wheaton Corp.

Charles Gibson, Edison Investment Research (11/28/14) "In Q3/14, SLW had a 20.5% QOQ increase in silver sold."

Fortuna Silver Mines Inc.

Lawrence Roulston, Resource Opportunities (11/25/14) "FVI's reduced costs, higher grades and improved recoveries resulted in higher profit margins."

SilverCrest Mines Inc.

Jay Taylor, Gold, Energy & Tech Stocks (11/21/14) "SVL has great prospects and is growing organically."

Great Panther Silver Ltd.

H.C. Wainwright & Co. (11/20/14) "We believe exploration growth at both Guanajuato and Topia could provide organic growth for GPR."

Comstock Mining Inc.

H.C. Wainwright & Co. (11/20/14) "LODE may continue to expand its footprint, ultimately increasing production."

MAG Silver Corp.

Jeff Wright, H.C. Wainwright & Co. (11/20/14) "We expect MAG to advance the Juanicipio project meaningfully throughout 2015."

Primero Mining Corp.

Dan Rollins, RBC Capital Markets (11/19/14) "Our positive outlook on P remains unchanged following Q3/14 results."

Silver Wheaton Corp.

Charles Gibson, Edison Investment Research (11/18/14) "SLW's Q3/14 production from Salobo reached a record as a consequence of the ramp-up of Salobo II."

MAG Silver Corp.

Heiko Ihle, H.C. Wainwright & Co. (11/17/14) "Given its high-grade nature, MAG's Juanicipio is attractive even in today's lower silver price market."

Alexco Resource Corp.

Heiko Ihle, H.C. Wainwright & Co. (11/17/14) "AXR's AEG division brought in revenues of $4.6M and gross profit of $1.8M in Q3/14."

Tahoe Resources Inc.

Christopher De Sousa, Seeking Alpha (11/17/14) "THO has a competitive cost profile; this sets it apart from industry peers."

Alexco Resource Corp.

Christos Doulis, PI Financial (11/17/14) "AXR's AEG division continues to generate sufficient cash to keep the lights on."

Primero Mining Corp.

Rob Chang, Cantor Fitzgerald (11/14/14) "P extended the known mineralization in San Dimas' Roberta vein."

SilverCrest Mines Inc.

Benjamin Asuncion, Haywood Securities (11/14/14) "We maintain our Buy rating on SVL stock."

Silver Wheaton Corp.

Michael Gray, Macquarie Capital Markets (11/13/14) "SLW is one of our top picks among senior producers."

SilverCrest Mines Inc.

Matthew O'Keefe, Dundee Capital Markets (11/13/14) "SVL is still on track to see free cash flow in 2015."

Silver Wheaton Corp.

Alex Terentiew, Raymond James (11/13/14) "SLW's strong operations can recover capital even from its highest-cost assets."

Ash Guglani, Salman Partners (11/13/14) "We remain optimistic on SLW's organic growth profile."

SilverCrest Mines Inc.

Matthew O'Keefe, Dundee Capital Markets (11/13/14) "SVL's transition to free cash flow is still on track for 2015."

Philip Ker, PI Financial (11/13/14) "SVL's Q3/14 net income of $3.6M was better than our $2.2M estimate."

Primero Mining Corp.

Matthew Sheppard, Jacob Securities (11/13/14) "P has added substantial value to San Dimas by extending the veins of its biggest producers."

Silver Wheaton Corp.

Andrew Kaip, BMO Capital Markets (11/12/14) "SLW's Constancia continues to be on target for first production in Q4/14."