Base Metals Recommendations

Trevali Mining Corp.

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

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 positive cash flow royalty and prospect generator."

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."

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."

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."

Derek Macpherson, M Partners (9/25/14) "It appears TV remains on track to complete Caribou on time and budget."

Jeff Woolley, Paradigm Capital (9/25/14) "TV remains the best means for investors to gain equity exposure to zinc."

Mandalay Resources Corp.

The Gold Report Interview with Richard Karn (9/24/14) "MND has an antimony-gold project in Costerfield, Victoria, that we like a great deal."

Carbine Tungsten Ltd.

The Gold Report Interview with Richard Karn (9/24/14) "CNQ's use of a WHIMS unit could potentially boost recoveries by $8M worth of tungsten."

Trevali Mining Corp.

The Mining Report Interview with Jason Mayer (9/23/14) "TV is the one zinc pure play."

Joseph Gallucci, Dundee Capital Markets (9/23/14) "TV should have two ramped up operations in time for buoyed zinc prices."

PolyMet Mining Corp.

Chris Krueger, Lake Street Capital Markets (9/23/14) "POM's lucrative copper/nickel mine could get final approval as early as January 2015."

Sierra Metals Inc.

The Gold Report Interview with Christos Doulis (9/22/14) "SMT's Yauricocha is the engine that provides the cash for the growth of the company in Mexico."

Alexco Resource Corp.

The Gold Report Interview with Christos Doulis (9/22/14) "AXR's new Flame & Moth deposit should allow it to run its 400 tpd mill at capacity."

Trevali Mining Corp.

Derek Macpherson, M Partners (9/18/14) "TV developed the surface and underground at Caribou through summer."

Midland Exploration Inc.

Eric Lemieux, PearTree Securities Inc. (9/17/14) "MD's Pallas project is advancing diligently."

Alkane Resources Ltd.

Tom Hayes, Edison Investment Research (9/16/14) "New South Wales authorities have conditionally approved ALK's Dubbo."

Trevali Mining Corp.

Barry Allan, Mackie Research Capital (9/15/14) "We increase our target price for TV to account for expected higher grades and throughput at Santander."

Excelsior Mining Corp.

Joseph Gallucci, Dundee Capital Markets (9/15/14) "MIN's announced drill program is a major derisking step at Gunnison."

Focus Ventures Ltd.

Canaccord Genuity's Morning Coffee (9/11/14) "FCV's maiden resource estimate at Bayovar highlighted 115 Mt Indicated resources grading 12.37% P2O5."

Trevali Mining Corp.

Adam Low, Raymond James (9/11/14) "TV has a high probability of exceeding production guidance in 2014."

Alexco Resource Corp.

Christos Doulis, PI Financial (9/10/14) "We recommend AXR as a Buy and believe it deserves a premium multiple relative to peers."

Red Eagle Mining Corp.

Jeb Handwerger, Gold Stock Trades (9/9/14) "RD's feasibility study showed that at $1,300/oz gold, the IRR is 52%."

Tommy Humphreys, CEO.CA (9/9/14) "RD could be a big winner for investors in the short and medium term."

Midland Exploration Inc.

Eric Lemieux, EBL Consultants (9/8/14) "MD optioned its Samson property to Donner Metals."

Alexco Resource Corp.

Mike Niehuser, Scarsdale Equities (9/8/14) "AXR's expanded mining operation at Keno Hill has the potential to produce for decades."

Trevali Mining Corp.

Derek Macpherson, M Partners (9/3/14) "TV identified a new copper-gold zone at Stratmat."

Adam Low, Raymond James (9/3/14) "We believe TV is poised to benefit from its leverage to the zinc price."

Largo Resources Ltd.

Joseph Gallucci, Dundee Capital Markets (9/3/14) "LGO's Maracás has the potential to be the world's lowest-cost source of V205."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (9/2/14) "At current levels, TV represents an excellent buying opportunity."

Pilot Gold Inc.

Brent Cook, Exploration Insights (8/31/14) "PLG continues to discover new gold/copper mineralization in Turkey."