Base Metals Recommendations

Wellgreen Platinum Ltd.

The Gold Report with Darrell Pasloski (5/26/15) "WG's project has the potential to become one of the world's largest, low-cost producers of PGMs and nickel from an open pit."

Balmoral Resources Ltd.

Peter Campbell, Mackie Research Capital (5/26/15) "We are initiating coverage on BAR with a Speculative Buy."

Peter Campbell, Mackie Research Capital (5/26/15) "BAR's Grasset has nickel-PGM mineralization along much of its length."

Trevali Mining Corp.

Raymond Goldie, Salman Partners (5/20/15) "TV announced that mill commissioning at Caribou has commenced."

Derek Macpherson, M Partners (5/20/15) "We view positively TV's update on initial mining at Caribou."

Alex Terentiew, Raymond James (5/20/15) "Caribou's startup sets the stage for transformation of TV in H2/15."

Peter Campbell, Mackie Research Capital (5/19/15) "We expect TV's Caribou to reach full production by the end of 2015."

Kristen Moran, Resource Investing News (5/19/15) "TV expects to have enough Caribou operational data by July or August."

Peter Campbell, Mackie Research Capital (5/19/15) "TV's revenue of $25.9M was slightly above our estimate for Q1/15."

The Gold Report with Ricardo Carrion (5/18/15) "TV is one of our favorite zinc producers in Peru."

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."

Pilot Gold Inc.

Brent Cook, Exploration Insights (5/17/15) "PLG's shares are worth accumulating."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (5/15/15) "TV is the best vehicle for zinc leverage on the TSX."

Derek Macpherson, M Partners (5/15/15) "TV's Q1/15 results demonstrate continued execution at Santander."

Ian Parkinson, GMP Securities (5/15/15) "TV's Caribou mine remains on track for commissioning in Q2/15."

Stefan Ioannou, Haywood Securities (5/15/15) "TV is poised to become the marquee midtier pure-play zinc producer."

Mark Turner, Scotia Capital (5/14/15) "We view TV's Q1/15 financial results as in-line with estimates."

Red Eagle Mining Corp.

Thibaut Lepouttre, Caesars Report (5/13/15) "You can buy RD for half of the fair value and get upside for free."

Source Exploration Corp.

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

Midland Exploration Inc.

Eric Lemieux, PearTree Securities Inc. (5/7/15) "MD just completed a $14.2M private placement."

Callinex Mines Inc.

Wayne Hewgill, Mackie Research Capital (5/4/15) "CNX's next phase of drilling at Pine Bay will total 2,500m."

Balmoral Resources Ltd.

James Kwantes, Resource Opportunities (5/1/15) "BAR announced some nice high-grade hits at Martiniere."

Source Exploration Corp.

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

Balmoral Resources Ltd.

Brien Lundin, Gold Newsletter (Jefferson Financial) (5/1/15) "BAR is one of the most attractive exploration plays on our list."

Midland Exploration Inc.

Brien Lundin, Gold Newsletter (Jefferson Financial) (5/1/15) "MD's recent private placement will raise CA$10–15M by issuing units."

Source Exploration Corp.

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

Mandalay Resources Corp.

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

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."

Trevali Mining Corp.

Alex Terentiew, Raymond James (4/23/15) "TV is on the cusp of generating free cash flow."

PolyMet Mining Corp.

Joe Reagor, ROTH Capital Partners (4/23/15) "POM is on track to have all permits by year-end."

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

Cancana Resources Corp.

Peter Clausi, Maplegrow Capital Inc. (4/22/15) "CNY can charge a premium over other suppliers for its high-grade manganese."

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."