Silver Recommendations

Tahoe Resources Inc.

Andrew Kaip, BMO Capital Markets (6/30/15) "THO stock is a compelling opportunity for investors."

Silver Wheaton Corp.

Dan Rollins, RBC Capital Markets (6/29/15) "SLW remains a preferred choice within our precious metal coverage universe."

MAG Silver Corp.

Gwen Preston, Resource Maven (6/26/15) "There may be high-grade mineralization underneath MAG's Juanicipio project."

David Sadowski, Raymond James (6/26/15) "We see potential for MAG to double Juanicipio reserves at high grades."

Silver Wheaton Corp.

The Gold Report Interview with Rick Rule (6/25/15) "SLW takes out a lot of the operational and capital deployment risk associated with the mining business."

Alexco Resource Corp.

The Gold Report Interview with Rick Rule (6/25/15) "AXU is in the enviable position of owning the Keno Hill project, which has been in production on and off for 110 years."

Silver Wheaton Corp.

Charles Gibson, Edison Investment Research (6/25/15) "In Q1/15 SLW's Ag eq production exceeded 10 Moz."

MAG Silver Corp.

Michael Gray, Macquarie Capital Markets (6/24/15) "MAG's Juanicipio JV is one of the world's best undeveloped precious metal assets."

Tahoe Resources Inc.

The Gold Report Interview with Geordie Mark (6/18/15) "THO has come close to doubling Ag eq production as a result of the merger with Rio Alto."

Geordie Mark, Haywood Securities (6/16/15) "Goldcorp's sale of THO shares provides clarity on future acquisitions by THO."

Silver Wheaton Corp.

The Gold Report Interview with Michael Berry (6/15/15) "SLW is a great buy right now."

MAG Silver Corp.

Michael Gray, Macquarie Capital Markets (6/15/15) "MAG's Valdecanas vein has 'stacked' bonanza-grade zones."

Kootenay Silver Inc.

Philip Ker, PI Financial (6/15/15) "KTN's La Negra discovery amplifies the potential of the district."

MAG Silver Corp.

David Sadowski, Raymond James (6/15/15) "All of MAG's projects offer tremendous exploration upside."

Heiko Ihle, H.C. Wainwright & Co. (6/12/15) "Recent exploration results show MAG has potential for further upside."

Source Exploration Corp.

Tickerscores (6/8/15) "SOP is a promising story worth looking at."

Bear Creek Mining Corp.

Don Blyth, Paradigm Capital (6/4/15) "The economics for BCM's Corani project have improved."

Andrew Kaip, BMO Capital Markets (6/2/15) "BCM announced a revised feasibility study with improved recoveries."

Chris Thompson, Raymond James (6/2/15) "We view BCM as a call option on Corani's potential silver production."

Source Exploration Corp.

Haywood Securities (5/29/15) "SOP defined mineralization across three zones at Las Minas."

Great Panther Silver Ltd.

Jay Taylor, Gold, Energy & Tech Stocks (5/29/15) "GPR continues to generate positive cash flows."

Alexco Resource Corp.

The Gold Report with Darrell Pasloski (5/26/15) "AXR continues do to reclamation as well as mining and exploration work."

Silver Wheaton Corp.

Charles Gibson, Edison Investment Research (5/26/15) "In Q1/15 SLW's production exceeded 10 Moz silver-equivalent for the first time."

Kootenay Silver Inc.

Wayne Hewgill, Mackie Research Capital (5/22/15) "KTN's La Negra showed 56m grading 124 g/t Ag and 0.175 g/t Au."

Great Panther Silver Ltd.

Ash Guglani, Salman Partners (5/20/15) "GPR entered into an option agreement to acquire the Coricancha mine."

Kootenay Silver Inc.

Philip Ker, PI Financial (5/20/15) "KTN's final assays confirm broad intercepts of silver mineralization."

MAG Silver Corp.

Trevor Turnbull, Scotia Capital (5/19/15) "MAG finished Q1/15 with more than $80M in cash."

Bear Creek Mining Corp.

The Gold Report with Ricardo Carrion (5/18/15) "We expect an updated feasibility study BCM's Corani to be released real soon; it should show a lower capex."

MAG Silver Corp.

Heiko Ihle, H.C. Wainwright & Co. (5/18/15) "MAG exited Q1/15 with sufficient cash to fund the Juanicipio development."

Primero Mining Corp.

Dan Rollins, RBC Capital Markets (5/18/15) "P is well positioned to deliver improving free cash flow over the next few years."

Alexco Resource Corp.

Mike Niehuser, Scarsdale Equities (5/15/15) "AXR is well positioned to report positive drill results through 2015E."

Primero Mining Corp.

Mike Parkin, Desjardins Securities (5/12/15) "P's San Dimas mine is performing extremely well."

Great Panther Silver Ltd.

Ash Guglani, Salman Partners (5/8/15) "In Q1/15, GPR increased production by 8% QOQ and revenue by 42% QOQ."

Silver Wheaton Corp.

Phil Russo, Raymond James (5/8/15) "SLW's Q1/15 production was strong, driven by San Dimas and Sudbury."

Ash Guglani, Salman Partners (5/8/15) "We maintain our Top Pick recommendation on SLW."

Great Panther Silver Ltd.

Heiko Ihle, H.C. Wainwright & Co. (5/8/15) "For Q1/15, GPR produced a record 987,887 oz silver equivalent."

Source Exploration Corp.

Haywood Securities (5/8/15) "SOP demonstrated the potential to link two zones at Las Minas."

Ryan Walker, Euro Pacific Canada (5/7/15) "SOP's assay results at Las Minas support the thesis of a larger combined target."

Silver Wheaton Corp.

Andrew Kaip, BMO Capital Markets (5/7/15) "We forecast SLW to grow Ag eq production by 17% during 2015."

Primero Mining Corp.

Rob Chang, Cantor Fitzgerald (5/7/15) "In Q1/15, P achieved record production overall and at San Dimas."

Dan Rollins, RBC Capital Markets (5/7/15) "P had a solid start to 2015 driven by San Dimas' strong performance."

Franco-Nevada Corp.

The Gold Report Interview with Chris Mancini (5/6/15) "FNV has some of the highest-quality streams and royalties in the world."

Tahoe Resources Inc.

The Gold Report Interview with Chris Mancini (5/6/15) "THO's two producing mines are low cost."

Silver Wheaton Corp.

The Gold Report Interview with Chris Mancini (5/6/15) "SLW has royalties on some very good projects, including Peñasquito."

MAG Silver Corp.

The Gold Report Interview with Chris Mancini (5/6/15) "MAG has one of the best undeveloped silver deposits in the world."

Primero Mining Corp.

Brian Szeto, PI Financial (5/6/15) "P announced Q1/15 financial results better than estimates."

Barry Allan, Mackie Research Capital (5/6/15) "P's stock remains a good buy on underlying value."

Joseph Fazzini, Dundee Capital Markets (5/6/15) "P's Q1/15 results were generally consistent with our expectations."

Jeff Killeen, CIBC World Markets (5/6/15) "We think P's strong growth in cash will act as a catalyst for its stock."

Argonaut Gold Inc.

Mike Parkin, Desjardins Securities (5/6/15) "AR finished Q1/15 with $64M in cash, a $12.5M increase from year-end."

Ovais Habib, Scotia Capital (5/5/15) "AR is well funded for planned development and exploration in 2015."

Ryan Hanley, Mackie Research Capital (5/5/15) "AR remains undervalued; it continues to maintain a good balance sheet and minimal debt."

Silver Wheaton Corp.

Trefis (5/4/15) "SLW has significant growth potential in the silver streaming space."

Kootenay Silver Inc.

Wayne Hewgill, Mackie Research Capital (5/4/15) "KTN's drilling extends La Negra's high-grade zone 100–150m to depth."

Alexco Resource Corp.

Mike Niehuser, Scarsdale Equities (5/3/15) "AXR's environmental business, AEG, merits a Buy recommendation alone."

Source Exploration Corp.

Haywood Securities (5/1/15) "SOP continues to deliver impressive copper-gold intersections at Las Minas."

Kootenay Silver Inc.

Philip Ker, PI Financial (4/30/15) "We are increasing our price target for KTN and maintaining our Buy rating."

Alexco Resource Corp.

Christos Doulis, PI Financial (4/30/15) "We are increasing our target price on AXR."

Source Exploration Corp.

Ryan Walker, Euro Pacific Canada (4/29/15) "SOP has announced assay results from two drill holes at Las Minas."

Tahoe Resources Inc.

Geordie Mark, Haywood Securities (4/29/15) "THO's Q1/15 financial performance was appreciably higher than our estimates."

Chris Thompson, Raymond James (4/29/15) "THO's Q1/15 financial results beat expectations on lower costs."

Matthew O'Keefe, Dundee Capital Markets (4/29/15) "THO's Escobal continues to demonstrate industry-leading cash costs."

Mandalay Resources Corp.

Mike Parkin, Desjardins Securities (4/28/15) "MND's Cerro Bayo may be benefiting from currency and oil price weakness."

Tahoe Resources Inc.

Andrew Kaip, BMO Capital Markets (4/28/15) "THO's strong Q1/15 EPS beat was driven by improved operating costs."

MAG Silver Corp.

Wayne Hewgill, Mackie Research Capital (4/27/15) "MAG announced the widest mineralized interval to date at Valdecañas."

Kevin MacKenzie, Salman Partners (4/24/15) "MAG's drilling at Juanicipio extended mineralization 100–200m."

Philip Ker, PI Financial (4/24/15) "MAG's highlight intercept boasted a wide interval of mineralization."

Canaccord Genuity's Morning Coffee (4/24/15) "MAG's hole P3-2 averaged 405 g/t Ag, 2.7 g/t Au, 3.2% Pb and 4.1% Zn."

David Sadowski, Raymond James (4/24/15) "We urge investors to bolster positions in MAG."

Heiko Ihle, H.C. Wainwright & Co. (4/24/15) "MAG announced exceptional drill results from the Juanicipio project."

Silver Wheaton Corp.

Ash Guglani, Salman Partners (4/24/15) "We maintain our Top Pick recommendation for SLW."

MAG Silver Corp.

Trevor Turnbull, Scotia Capital (4/24/15) "MAG reported very high-grade gold and silver intercepts at Juanicipio."

Tahoe Resources Inc.

Geordie Mark, Haywood Securities (4/24/15) "We have updated our forecasts of THO's Q1/14 financing results."

MAG Silver Corp.

Andrew Kaip, BMO Capital Markets (4/23/15) "Wider widths in the Valdecañas vein highlight another opportunity for MAG."

Comstock Mining Inc.

Heiko Ihle, H.C. Wainwright & Co. (4/17/15) "In Q1/15, LODE's gold grades held steady; silver grades increased."

Silver Wheaton Corp.

Trefis (4/17/15) "SLW's production is expected to total 43.5 Moz Ag eq in 2015."

Great Panther Silver Ltd.

Heiko Ihle, H.C. Wainwright & Co. (4/16/15) "GPR's overall Q1/15 production rose to a record 987,887 oz Ag eq."

Comstock Mining Inc.

Marco Rodriguez, Stonegate Capital Partners (4/16/15) "In Q1/15, LODE made steps via mine drilling that showed progress."

Argonaut Gold Inc.

Ovais Habib, Scotia Capital (4/15/15) "AR reported Q1/15 production of 43.3 Koz Au eq, ahead of our estimate."

Mike Parkin, Desjardins Securities (4/15/15) "AR's Q1/15 production represents ~31% of annual guidance."