Base Metals Recommendations

Sierra Metals Inc.

Christos Doulis, PI Financial (7/29/14) "We are initiating coverage on SMT with a Buy recommendation."

Largo Resources Ltd.

The Gold Report Interview with Paul Renken (7/28/14) "LGO's large Maracás iron-vanadium project in Brazil is in the commercial ramp-up stage."

Red Eagle Mining Corp.

Jeb Handwerger, Gold Stock Trades (7/28/14) "RD's Santa Rosa could be the first permitted, modern mine in Colombia."

Balmoral Resources Ltd.

Kevin MacKenzie, Salman Partners (7/24/14) "BAR has a proven management team with a history of discovery and value creation."

Trevali Mining Corp.

Jeff Woolley, Paradigm Capital (7/24/14) "TV is the best positioned producer to benefit from rising zinc prices."

North American Nickel Inc.

The Gold Report Interview with Doug Loud (7/23/14) "We like NAN's Maniitsoq nickel sulfide project in Greenland."

Pilot Gold Inc.

Jeff Killeen, CIBC World Markets (7/22/14) "We view PLG's drill results as positive; they highlight the potential for continued resource growth at TV Tower."

Alkane Resources Ltd.

Esmarie Swanepoel, Mining Weekly (7/18/14) "ALK achieved design capacity at Tomingley in late May."

Arianne Phosphate Inc.

Henry Lazenby, Mining Weekly (7/18/14) "DAN's 2014 drill program has significantly boosted the Inferred resource at Lac à Paul."

Mandalay Resources Corp.

Craig Foggo, RFC Ambrian (7/18/14) "MND has continued to demonstrate its ability to increase resources at Costerfield."

Largo Resources Ltd.

Luisa Moreno, Euro Pacific Canada (7/17/14) "LGO is our top pick because Maracás will be one of the best vanadium projects in the world."

Trevali Mining Corp.

Barry Allan, Mackie Research Capital (7/16/14) "TV remains on track to meet or exceed 2014 guided production."

Mason Graphite Inc.

Rupert Merer, National Bank Financial (7/16/14) "An early-stage company with good upside potential, we are initiating on LLG with an Outperform rating."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (7/15/14) "If TV continues its current pace, it could beat its 2014 guidance."

Sierra Metals Inc.

Patrick Morton, RBC Capital Markets (7/15/14) "SMT remains our preferred small-cap base metals producer."

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."

Derek Macpherson, M Partners (7/15/14) "TV is positioned as the next mid-tier base metal producer with significant leverage to a positive zinc market."

Midland Exploration Inc.

Brien Lundin, Gold Newsletter (Jefferson Financial) (7/11/14) "MD continues to look like a good value and remains a Buy."

Trevali Mining Corp.

Ian Parkinson, GMP Securities (7/9/14) "We are initiating coverage on TV with a Buy rating."

Joseph Gallucci, Dundee Capital Markets (7/2/14) "We view TV's sale of Tingo positively; it monetizes a noncore asset."

Adam Low, Raymond James (7/2/14) "TV is selling its Tingo hydroelectric station in Peru for $13.5M."

North American Nickel Inc.

The Mining Report Interview with Rick Mills (7/1/14) "NAN owns the entire Greenland Norite Belt; this is the play."

Trevali Mining Corp.

Derek Macpherson, M Partners (6/27/14) "Construction and rehabilitation at TV's Caribou appear to be on track."

Barry Allan, Mackie Research Capital (6/27/14) "We anticipate TV will successfully bring Caribou on-line by Q2/15."

Focus Graphite Inc.

Henry Lazenby, Mining Weekly (6/25/14) "The feasibility study for FMS' Lac Knife proves the project's economic viability."

Royal Nickel Corp.

Mike Bandrowski, Clarus Securities (6/25/14) "We are initiating coverage on RNX with a Speculative Buy rating."

Trevali Mining Corp.

Derek Macpherson, M Partners (6/20/14) "TV's drill results from Stratmat were generally positive."

Derek Macpherson, M Partners (6/20/14) "Positive drill results identified new targets at TV's Stratmat."

Adam Low, Raymond James (6/20/14) "Eight TV holes intercepted high-grade massive sulphide lenses in S1."

The Gold Report Interview with Philip Richards (6/16/14) "Both of TV's projects are commercially viable."

Royal Nickel Corp.

The Gold Report Interview with Philip Richards (6/16/14) "RNX's Dumont is one of the top three undeveloped nickel sulfide deposits in the world."

Trevali Mining Corp.

The Northern Miner (6/16/14) "TV reported two new zones of high-grade polymetallic mineralization."

Carbine Tungsten Ltd.

The Mining Report Interview with Mark Seddon (6/10/14) "CNQ's Mt. Carbine project ultimately should be around 2.6 Kt tungsten metal per year."

Sierra Metals Inc.

Patrick Morton, RBC Capital Markets (6/5/14) "SMT has made significant strides in the past two years; we upgrade our rating to Outperform."

Pilot Gold Inc.

Shane Nagle, National Bank Financial (6/5/14) "PLG remains well positioned relative to its peers."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (6/4/14) "TV is the best pure play on zinc; we are reiterating our Top Pick Buy rating."

Adam Low, Raymond James (6/4/14) "TV will be a key beneficiary of improving zinc market fundamentals."

Derek Macpherson, M Partners (6/4/14) "TV provides significant leverage to a favorable zinc environment."

The Mining Report Interview with Ricardo Carrión (6/3/14) "TV is one of the few companies with real exposure to zinc."

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."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (6/2/14) "TV has the advantage of having Glencore Xstrata as an offtake partner."

Royal Nickel Corp.

Patrick Morton, RBC Capital Markets (6/2/14) "The acquisition adds a highly prospective project to RNX's portfolio."

Trevali Mining Corp.

Jeff Woolley, Paradigm Capital (5/30/14) "Now at producer status, TV is generating positive operating cash flow."

Joseph Gallucci, Dundee Capital Markets (5/28/14) "TV has raised an extra $20M without significant dilution."

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."

Syrah Resources Ltd.

Chris Terry, Deutsche Bank (5/27/14) "SYR's unrivaled Balama deposit will grow in importance as global demand increases and Chinese production slows."

Balmoral Resources Ltd.

Lawrence Roulston, Resource Opportunities (5/26/14) "BAR's Martiniere property has enormous gold exploration potential."

Trevali Mining Corp.

The Northern Miner (5/26/14) "TV is firing on all cylinders."

Balmoral Resources Ltd.

Jay Taylor, Gold, Energy & Tech Stocks (5/23/14) "Spectacular! There is no other word to describe the kind of intercept BAR reported from Martiniere."

Morning Coffee (5/21/14) "BAR confirmed the discovery of high-grade nickel-copper-PGE mineralization its Grasset property."

Medallion Resources Ltd.

Eric Muschinski, Gold Investment Letter (5/21/14) "MDL can be positioned to have a sexy story going into a new rare earth speculative phase."

Balmoral Resources Ltd.

Mick Carew, Haywood Securities (5/20/14) "Grasset provides BAR with a nickel project of significant potential."

Trevali Mining Corp.

Derek Macpherson, M Partners (5/20/14) "TV reported better-than-expected Q1/14 revenue."

Stefan Ioannou, Haywood Securities (5/20/14) "TV's Santander appears to be off to a great start."

Derek Macpherson, M Partners (5/16/14) "We are encouraged by TV's operational execution."

Chris Chang, Laurentian Bank Securities (5/16/14) "Given a strong Q1/14, TV may be on track to exceed its guidance."

Adam Low, Raymond James (5/16/14) "TV made a small profit in its first quarter with an operating mine."

Joseph Gallucci, Dundee Capital Markets (5/16/14) "TV reported a promising first quarter of earnings, with no surprises."

North American Nickel Inc.

Rick Mills, Ahead of the Herd (5/16/14) "NAN might turn out to be one of world’s major nickel sulphide camps."

Trevali Mining Corp.

Derek Macpherson, M Partners (5/14/14) "TV's Caribou PEA is generally in line with our expectations."

Barry Allan, Mackie Research Capital (5/14/14) "TV outlined Q2/15 as startup for Caribou, producing ~100 Mlb zinc."

Adam Low, Raymond James (5/14/14) "The PEA outlined TV's Caribou project with a very robust IRR of 57%."

Joseph Gallucci, Dundee Capital Markets (5/14/14) "The PEA shows TV's Caribou could operate on a standalone basis."

Chris Chang, Laurentian Bank Securities (5/14/14) "We continue to recommend shares of TV."

Stefan Ioannou, Haywood Securities (5/14/14) "The PEA metrics for TV's Caribou are in line with our expectations."

North American Nickel Inc.

Rick Mills, Ahead of the Herd (5/10/14) "NAN's Maniitsoq is huge, can be worked year-round and has access to year-round ports for shipping."

Royal Nickel Corp.

Jeb Handwerger, Gold Stock Trades (5/9/14) "RNX has the largest, most advanced and best quality nickel projects in the control of a junior miner."

Trevali Mining Corp.

Barry Allan, Mackie Research Capital (5/7/14) "TV is well on its way to becoming a multi-mine zinc producer."

Derek Macpherson, M Partners (5/6/14) "A deep drill hole from TV's Caribou project shows promise."

Stefan Ioannou, Haywood Securities (5/6/14) "TV's drilling indicates the presence of zinc-lead-copper-gold-silver mineralization well below (~450m) Caribou's resource envelope."

Balmoral Resources Ltd.

Eric Lemieux, Laurentian Bank Securities (4/30/14) "BAR has sufficient cash on hand to continue executing at Detour Lake through 2014."

Carbine Tungsten Ltd.

The Gold Report Interview with Thibaut Lepouttre (4/28/14) "CNQ's offtake agreement with Mitsubishi Corp. validates the merits of the project."

Mandalay Resources Corp.

John Harrington, Proactive Investors (4/24/14) "MND's loan should be value enhancing."

Alkane Resources Ltd.

Thibaut Lepouttre, Caesars Report (4/21/14) "ALK's drill results indicate a new copper-gold porphyry zone has been discovered at Bodangora."

Trevali Mining Corp.

Barry Allan, Mackie Research Capital (4/15/14) "As TV continues to optimize Santander, we would expect to see increases in the cash-flow multiple and stock price."