Base Metals Recommendations

Trevali Mining Corp.

Stefan Ioannou, Haywood Securities (12/18/14) "Production restart at TV's Caribou remains on schedule for Q1/15."

Virginia Mines Inc.

Eric Lemieux, PearTree Securities Inc. (12/17/14) "Drilling at VGQ's Coulon confirmed the depth continuity of Lens 257."

CopperBank Resources Corp.

The Gold Report Interview with Gianni Kovacevic (12/15/14) "CBK's mandate is to acquire high-quality copper projects that have been adequately derisked."

Balmoral Resources Ltd.

Haywood Securities (12/12/14) "BAR's EM survey at Grasset successfully showcased the project's massive high-grade potential."

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/11/14) "BAR enters the new year with two promising exploration projects."

Midland Exploration Inc.

Eric Lemieux, PearTree Securities Inc. (12/10/14) "The Adam property adds depth and diversification to MD's portfolio."

Largo Resources Ltd.

The Gold Report Interview with Robert Baylis (12/8/14) "LGO's Northern Dancer is one of three major tungsten projects in the Yukon."

Carbine Tungsten Ltd.

The Gold Report Interview with Robert Baylis (12/8/14) "CNQ received $15M from Mitsubishi to finance a tungsten recovery operation."

PolyMet Mining Corp.

The Gold Report Interview with Douglass Loud and Jeffrey Mosseri (12/3/14) "POM has huge reserves ready to be produced."

Exeter Resource Corp.

The Gold Report Interview with Douglass Loud and Jeffrey Mosseri (12/3/14) "XRA has always been extremely well run."

Zimtu Capital Corp.

The Mining Report Interview with Thomas Drolet (12/2/14) "ZC helps its firms access other capital sources."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (12/1/14) "TV reported solid Q3/14 earnings, achieving a net income of $1.6M."

Balmoral Resources Ltd.

Eric Lemieux, PearTree Securities Inc. (11/30/14) "We continue to believe that BAR's Grasset Ni-Cu-PGE Horizon 3 Central zone is expanding."

Alkane Resources Ltd.

Tom Hayes, Edison Investment Research (11/28/14) "ALK's Tomingley gold operations continue to outperform."

PolyMet Mining Corp.

Andrey Litvin, Edison Investment Research (11/28/14) "POM is on track to receive environmental permits in mid-2015."

Trevali Mining Corp.

Ben Kramer-Miller, Seeking Alpha (11/26/14) "TV found 21m of high-grade sulfide mineralization at Stratmat."

Balmoral Resources Ltd.

James Fraser, CEO.CA (11/26/14) "This is an exciting early-stage discovery for BAR."

PolyMet Mining Corp.

Tom Meyer, CIBC World Markets (11/24/14) "Outperformer POM is continuing to make positive progress at its development project."

Mandalay Resources Corp.

Jay Taylor, Gold, Energy & Tech Stocks (11/21/14) "MND has been very successful in generating high operating margins."

Virginia Mines Inc.

Jay Taylor, Gold, Energy & Tech Stocks (11/21/14) "It is highly likely the VGQ and Osisko merger will take place."

Trevali Mining Corp.

Derek Macpherson, M Partners (11/21/14) "TV converted the S-5 lens into a new area of mineralization."

Mark Turner, Scotia Capital (11/20/14) "We believe that TV is near or at the top of the list of zinc-focused equities."

Ben Kramer-Miller, Seeking Alpha (11/20/14) "TV reported a Q3/14 profit of CA$1.6M, its biggest since it began producing."

MAG Silver Corp.

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

Virginia Mines Inc.

Ben Kramer-Miller, Seeking Alpha (11/18/14) "VGQ's takeover by Osisko will create a large company with a lot of exploration potential."

Trevali Mining Corp.

Derek Macpherson, M Partners (11/17/14) "We believe TV's Santander is approaching steady state."

Adam Low, Raymond James (11/17/14) "TV offers investors the best equity exposure to zinc."

Barry Allan, Mackie Research Capital (11/17/14) "TV's Santander mine is operating well and producing positive cash flow."

Joseph Gallucci, Dundee Capital Markets (11/17/14) "We are reiterating our Top Pick Buy rating for TV."

Red Eagle Mining Corp.

Bob Moriarty, 321 Gold (11/17/14) "The numbers for RD are outstanding and will get better."

Sierra Metals Inc.

Christos Doulis, PI Financial (11/14/14) "SMT delivered strong Q3/14 operating results."

Virginia Mines Inc.

J. Taylor, Gold, Energy & Tech Stocks (11/14/14) "VGQ is a well-established royalty and prospect generator with positive cash flow."

Sierra Metals Inc.

Ali Khan, Edgecrest Capital (11/13/14) "SMT ended Q3/14 with $47M in cash, an increase of 12% over Q2/14."

Mandalay Resources Corp.

Chris Thompson, Raymond James (11/7/14) "We continue to rate MND a Strong Buy."

Balmoral Resources Ltd.

Thibaut Lepouttre, Caesars Report (11/7/14) "The strike length of BAR's Grasset mineralization could easily be doubled."

Tahoe Resources Inc.

Michael Gray, Macquarie Equity Research (11/6/14) "THO's Escobal is a best-in-class silver mine managed by a top-notch management team."

Midland Exploration Inc.

Brien Lundin, Gold Newsletter (Jefferson Financial) (11/6/14) "The addition of Willbob strengthens MD's presence in the area."

Alkane Resources Ltd.

Vincent Pisani, Shaw Stockbroking (11/5/14) "ALK's Tomingley performed well in Q3/14; it is a cash cow."

Syrah Resources Ltd.

Vincent Pisani, Shaw Stockbroking (11/5/14) "SYR is at the forefront of developing new markets for graphitic carbon."

Excelsior Mining Corp.

Eric Coffin, HRA Journal (11/2/14) "MIN is as safe a preproduction copper stock as you can find."

Exeter Resource Corp.

Hebba Investments, Seeking Alpha (10/31/14) "XRA could be acquired by any one of the many majors in the area."

WCB Resources Ltd.

The Gold Report Interview with Bob Moriarty (10/29/14) "WCB could have big potential."

Virginia Mines Inc.

Eric Lemieux, PearTree Securities Inc. (10/29/14) "VGQ has strong financial flexibility and a solid work ethic."

Excelsior Mining Corp.

The Gold Report Interview with Oliver Gross (10/27/14) "MIN offers fantastic leverage on the copper price."

Sierra Metals Inc.

Ali Khan, Edgecrest Capital (10/24/14) "SMT's Q3/14 production increased markedly over Q2/14 for all metals."

Virginia Mines Inc.

Jay Taylor, Gold, Energy & Tech Stocks (10/24/14) "VGX is a well-established, positive cash flow prospect generator."

Midland Exploration Inc.

Eric Lemieux, PearTree Securities Inc. (10/23/14) "MD remains very active in exploration while conserving its $4M+ cash."

Grafoid Inc.

The Gold Report Interview with Ron Struthers (10/22/14) "Grafoid just opened a technical plant in Kingston, Ontario."

Pilot Gold Inc.

Dan Rollins, RBC Capital Markets (10/22/14) "PLG's Colombaz delivers another hit at TV Tower."

Shane Nagle, National Bank Financial (10/22/14) "PLG has discovered a new gold-rich porphyry at its TV Tower project in Turkey."

Jeff Killeen, CIBC World Markets (10/22/14) "PLG's Columbaz target at TV Tower has potential for significant volume."

Trevali Mining Corp.

The Mining Report Interview with Stefan Ioannou (10/21/14) "TV is poised to become the marquee name in the zinc space."

North American Nickel Inc.

The Mining Report Interview with Stefan Ioannou (10/21/14) "NAN's Maniitsoq project in Greenland has a type of geology similar to Voisey's Bay."

Balmoral Resources Ltd.

The Mining Report Interview with Stefan Ioannou (10/21/14) "BAR has made a high-grade nickel sulfide discovery at its Grasset project."

Almaden Minerals Ltd.

Ben Kramer-Miller, Seeking Alpha (10/21/14) "AMM's share split is a compelling development with the potential to draw in investors."

Balmoral Resources Ltd.

Francois Riverin, La Presse (10/20/14) "BAR's results at Grasset indicate good nickel grades, platinum-palladium, and copper."

Mandalay Resources Corp.

Craig Foggo, RFC Ambrian (10/15/14) "MND reported an all-time quarterly production record for gold, antimony and Au eq."

Bear Creek Mining Corp.

Trevor Turnbull, Scotia Capital (10/15/14) "With CA$43M cash, BCM has a liquidity runway of several years at current silver prices."

Exeter Resource Corp.

The Mining Report Interview with John Kaiser (10/14/14) "XRA's gold-copper Caspiche deposit has been modeled for multiple mining scenarios."

Almaden Minerals Ltd.

The Gold Report Interview with Adrian Day (10/13/14) "AMM's balance sheet is great."

Carbine Tungsten Ltd.

Vivien Diniz, Resource Investing News (10/13/14) "CNQ is getting closer to becoming one of the leading producers of tungsten in the Western world."

David Lennox, The Age (10/13/14) "CNQ is well positioned to meet Western nations' growing tungsten requirements."

Fortuna Silver Mines Inc.

Benjamin Asuncion, Haywood Securities (10/10/14) "FVI's expansion studies at San Jose continue toward a decision by year-end."

Graeme Jennings, Cormark Securities (10/10/14) "We are upgrading our recommendation on FVI from Market Perform to Buy."

Trevali Mining Corp.

Barry Allan, Mackie Research Capital (10/9/14) "The grades of all metals at TV's Santander increased QOQ in Q3/14."

Adam Low, Raymond James (10/9/14) "Q3/14 was another solid quarter of production for TV's Santander."

Ian Parkinson, GMP Securities (10/9/14) "TV's Q3/14 production beat our expectations on high grades."

Derek Macpherson, M Partners (10/9/14) "In Q3/14, TV's QOQ silver grades increased by 15%, lead by 49%."

The Gold Report Interview with David Morgan (10/8/14) "TV has plans to bring on several new mines over the next three years."

Stefan Ioannou, Haywood Securities (10/8/14) "TV increased its 2014E production guidance for Santander."

Joseph Gallucci, Dundee Capital Markets (10/8/14) "TV's Q3/14 full production at Santander did not disappoint."

Chris Chang, Laurentian Bank Securities (10/8/14) "Q3/14 payable production at TV's Santander was better than expected."

Bear Creek Mining Corp.

The Gold Report Interview with David Morgan (10/8/14) "We are bullish on BCM and believe Peru will return the Santa Ana project in full."

Trevali Mining Corp.

The Mining Report Interview with Derek Macpherson (10/7/14) "TV has strong commodity fundamentals and it has a strong organic growth profile."

Derek Macpherson, M Partners (10/7/14) "TV is our top base metals pick as it continues to benefit from strong supply and demand fundamentals."

Tahoe Resources Inc.

Ralph Profiti, Credit Suisse (10/7/14) "THO is one of the better positioned mid-tier precious metals companies."

Excelsior Mining Corp.

Eric Coffin, HRA Journal (10/3/14) "MIN is the only choice for traders looking for an in-situ leaching copper play."

Largo Resources Ltd.

Luisa Moreno, Euro Pacific Canada (9/30/14) "LGO has begun producing vanadium pentoxide at market specification."

Excelsior Mining Corp.

Lawrence Roulston, Resource Opportunities (9/30/14) "MIN's Gunnison copper project will use low-cost in situ recovery."

Trevali Mining Corp.

Adam Low, Raymond James (9/26/14) "TV's Caribou mine is on track for commissioning in mid-2015."