Base Metals Recommendations

Trevali Mining Corp.

Derek Macpherson, M Partners (4/24/15) "Paste backfill would extend mine life and reduce costs per tonne at TV's Caribou."

Stefan Ioannou, Haywood Securities (4/24/15) "Paste backfill would meaningfully extend mine life at TV's Caribou project."

PolyMet Mining Corp.

Tom Meyer, CIBC World Markets (4/23/15) "We believe POM shares should trade at a premium to peers."

Chris Krueger, Lake Street Capital Markets (4/22/15) "POM reported Q4/15 results that met expectations."

Balmoral Resources Ltd.

Canaccord Genuity's Morning Coffee (4/21/15) "Nine BAR holes highlighted intercepts of 19.55 g/t gold over 44.5m."

Eric Lemieux, PearTree Securities Inc. (4/21/15) "BAR's drilling at Bug Lake showed fertile gold zones that remain open."

Trevali Mining Corp.

Wayne Hewgill, Mackie Research Capital (4/20/15) "TV discovered massive sulphides down-plunge of the Caribou resource."

Balmoral Resources Ltd.

Haywood Securities (4/16/15) "BAR continues to expand its Grasset Ni-Cu-PGE project."

TerraX Minerals Inc.

Haywood Securities (4/16/15) "Results from TXR's outstanding drill holes are expected soon."

North American Nickel Inc.

Haywood Securities (4/16/15) "NAN's exploration drilling at Maniitsoq has produced significant results."

Trevali Mining Corp.

Peter Campbell, Mackie Research Capital (4/16/15) "Results from one hole at TV's Caribou appear to be very positive news."

Derek Macpherson, M Partners (4/15/15) "TV's Q1/15 production suggests operations have reached steady state."

Excelsior Mining Corp.

Eric Coffin, Hard Rock Analyst (4/15/15) "MIN has a very salable story."

Trevali Mining Corp.

Ian Parkinson, GMP Securities (4/14/15) "TV's Q1/15 production beat our estimates across all metals."

Mandalay Resources Corp.

Benjamin Asuncion, Haywood Securities (4/14/15) "MND's production at Cerro Bayo is expected to increase later this year."

Trevali Mining Corp.

Alex Terentiew, Raymond James (4/14/15) "TV remains one of our top picks among our covered base-metal producers."

Joseph Gallucci, Dundee Capital Markets (4/14/15) "We believe TV is the best vehicle for zinc leverage on the TSX."

Stefan Ioannou, Haywood Securities (4/14/15) "TV is poised to become a marquee midtier zinc producer."

Mark Turner, Scotia Capital (4/14/15) "TV reported record recovery rates for all three metals: zinc, lead and silver."

Mandalay Resources Corp.

Chris Thompson, Raymond James (4/13/15) "We are maintaining our Strong Buy rating on MND."

Andrew Kaip, BMO Capital Markets (4/13/15) "MND's Q1/15 sales were in line with our forecasts."

Bear Creek Mining Corp.

Hebba Investments, Seeking Alpha (4/12/15) "BCM has two catalysts that could be a big boost."

Balmoral Resources Ltd.

Kevin MacKenzie, Salman Partners (4/9/15) "BAR extended the Horizon 3 strike at Grasset 480m to the northwest."

Eric Lemieux, PearTree Securities Inc. (4/9/15) "The Ni-Cu-PGE Horizon 3 central zone at BAR's Grasset is expanding."

Mick Carew, Haywood Securities (4/9/15) "BAR's drilling has extended Horizon 3 by ~20% to about 480m."

Alkane Resources Ltd.

Giles Kerr, Seeking Alpha (4/9/15) "ALK is a potential tenbagger."

Excelsior Mining Corp.

Gwen Preston, Resource Maven (4/8/15) "MIN is busy advancing hydrology studies and infill drilling and metallurgical programs."

Trevali Mining Corp.

Jeff Woolley, Paradigm Capital (4/7/15) "Q4/14 production at Santander exceeded TV's original guidance by 25%."

North American Nickel Inc.

The Gold Report with Rick Mills (4/6/15) "NAN is a well-funded, well-managed company with serious backers."

Trevali Mining Corp.

Derek Macpherson, M Partners (4/2/15) "TV's Caribou restart capex is tracking 5–10% below budget."

Peter Campbell, Mackie Research Capital (4/2/15) "A Halfmile-Stratmat economic study will follow TV's Caribou restart."

Silver Wheaton Corp.

The Gold Report Interview with David H. Smith (4/1/15) "SLV's Salobo gold stream could double and even triple by early in the next decade."

MAG Silver Corp.

Heiko Ihle, H.C. Wainwright & Co. (4/1/15) "We continue to view MAG's Juanicipio as a world-class project."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (4/1/15) "TV is the best vehicle for zinc leverage on the TSX."

Mark Turner, Scotia Capital (4/1/15) "TV's Santander operating cash costs decreased 8% from Q3/14."

Alex Terentiew, Raymond James (4/1/15) "TV is advancing Caribou toward production, which we expect in May."

Peter Campbell, Mackie Research Capital (3/31/15) "TV's Caribou mine is on track for commissioning during Q2/15."

Stefan Ioannou, Haywood Securities (3/31/15) "TV announced the startup of underground mine production at Caribou."

Joseph Gallucci, Dundee Capital Markets (3/31/15) "We are reiterating our Buy and Top Pick rating on TV."

Derek Macpherson, M Partners (3/31/15) "As TV ramps up production, it should trade at a premium to base metal peers."

Excelsior Mining Corp.

Eric Coffin, Hard Rock Analyst (3/31/15) "MIN still is one of the more obvious buys in the junior space."

Pilot Gold Inc.

Brent Cook, Exploration Insights (3/29/15) "The odds of PLG having success are better than average."

James Kwantes, Resource Opportunities (3/29/15) "PLG has a high-caliber management team and a deep-pocketed partner."

Excelsior Mining Corp.

Brien Lundin, Gold Newsletter (Jefferson Financial) (3/26/15) "MIN and Gunnison look like good bets on long-term demand for copper."

Red Eagle Mining Corp.

Ash Guglani, Salman Partners (3/26/15) "RD arranged $65M in project financing with Orion Mine Finance."

Bear Creek Mining Corp.

Andrey Litvin, Edison Investment Research (3/25/15) "BCM's Corani feasibility study will focus on reducing capex."

MAG Silver Corp.

Tickerscores (3/23/15) "MAG is in a strong financial position."

Pilot Gold Inc.

Tara Hassan, Haywood Securities (3/20/15) "Joint funding of PLG's TV Tower project will allow for increased drilling."

Balmoral Resources Ltd.

The Gold Report Interview with Eric Lemieux (3/18/15) "BAR received the 2014 AEMQ Prospector of the Year Award for its Grasset nickel-PGE discovery."

Trevali Mining Corp.

The Mining Report Interview with Philip Richards (3/17/15) "TV has a lot more upside from here."

TerraX Minerals Inc.

Ryan Walker, Euro Pacific Canada (3/16/15) "TXR began a two-rig 5,000m drill program at Yellowknife City."

Source Exploration Corp.

Ryan Walker, Euro Pacific Canada (3/16/15) "SOP expects an initial resource estimate in Q4/15."

Pilot Gold Inc.

Brent Cook, Exploration Insights (3/15/15) "PLG's TV Tower drill results were encouraging."

Red Eagle Mining Corp.

Jeb Handwerger, Gold Stock Trades (3/13/15) "Receiving the final permit for San Ramon is a major milestone for RD."

CEO.CA (3/10/15) "RD received an environmental license for its San Ramon gold mine."

Pilot Gold Inc.

Mike Hocking, Scotia Capital (3/10/15) "PLG's drill results averaged 0.22% Cu and 0.21 g/t Au (0.58 g/t Au eq) over an average intercept of 48.7m."

Red Eagle Mining Corp.

Thibaut Lepouttre, Caesars Report (3/9/15) "Low capex, low opex and huge blue sky potential make RD enticing."

Pilot Gold Inc.

Brent Cook, Exploration Insights (3/8/15) "PLG's 2014 drill results demonstrate that the geologic model works."

Kevin MacKenzie, Salman Partners (3/4/15) "PLG shows potential for additional mineralization zones at Kinsley."

Trevali Mining Corp.

Mark Turner, Scotia Capital (3/3/15) "TV reported impressive Stratmat assays."

Peter Campbell, Mackie Research Capital (3/3/15) "Stratmat's drill results validate TV's geologic model for the deposit."

Stefan Ioannou, Haywood Securities (3/3/15) "TV's 2014 Stratmat drill results confirm high-grade sulfide mineralization."

Derek Macpherson, M Partners (3/3/15) "TV's Stratmat drill results showed grades in line with the Inferred resource."

Balmoral Resources Ltd.

The Gold Report Interview with Philip Ker (3/2/15) "BAR's Grasset nickel discovery is on its way to becoming a world-class asset."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (3/2/15) "S-1 zone and S-5 lens assays add upside to the TV Stratmat resource."

Midland Exploration Inc.

Eric Lemieux, PearTree Securities Inc. (2/26/15) "MD commenced a winter drill program on the Samson property."

Wellgreen Platinum Ltd.

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/26/15) "WG has a great project that will only become more valuable."

Excelsior Mining Corp.

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/26/15) "MIN is still a buy."

Mandalay Resources Corp.

Jay Taylor, Gold, Energy & Tech Stocks (2/20/15) "MND is run by a team of experienced mining professionals."

Callinex Mines Inc.

Jay Taylor, Gold, Energy & Tech Stocks (2/20/15) "For speculative investors in CNX stock, the odds favor significant gains."

Virginia Mines Inc.

Eric Lemieux, PearTree Securities Inc. (2/18/15) "VGQ and Osisko create a new, leading intermediate royalty company."

Mandalay Resources Corp.

Jim Taylor, RFC Ambrian (2/18/15) "MND's publication of the reserve estimate for Bjorkdal is a major milestone."

Trevali Mining Corp.

Peter Campbell, Mackie Research Capital (2/17/15) "TV's Caribou mine and mill remain on track for a Q2/15 commissioning."

PolyMet Mining Corp.

Resource Investing News Interview with Chris Krueger (2/16/15) "The NorthMet project could be a game changer for POM."

Excelsior Mining Corp.

Eric Coffin, Hard Rock Analyst (2/12/15) "MIN is extremely undervalued relative to the NPV of Gunnison."

Bear Creek Mining Corp.

The Gold Report Interview with Chris Thompson (2/11/15) "BCM has a well-respected management team."

Alkane Resources Ltd.

Tom Hayes, Edison Investment Research (2/11/15) "ALK expects to receive full approval of Dubbo in Q4 FY/15."

Excelsior Mining Corp.

Thibaut Lepouttre, Caesars Report (2/9/15) "MIN's metallurgical test work is ongoing."

Pilot Gold Inc.

Kevin MacKenzie, Salman Partners (2/6/15) "PLG announced the final 2014 drill results from TV Tower."

Trevali Mining Corp.

The Mining Report Interview with Stefan Ioannou (2/3/15) "TV will produce on the order of 190 Mlb zinc annually from both Santander and Caribou."