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Chris Thompson

Raymond James

Chris Thompson is an analyst who specializes in junior exploration and the silver and PGM sectors. He was trained in South Africa and has over 20 years of industry experience working as a geologist for major through to junior mining/exploration companies, in addition to a stint working as a mineral economist for the South African State. He has a bachelor's degree from the University of the Witwatersrand, a graduate degree in Engineering, a masters in mineral economics and a PGeo designation. Thompson received the 2011 Starmine No. 1 Stock Picker award for the Canadian Metals and Mining Sector.




Recent Interviews

New Royalty Scheme a Leveler in the Mexican Silver Space (12/31/13) We may be headed into a new year, but Chris Thompson, mining analyst with Raymond James, expects more of the same in the precious metals prices: volatility. In this Mining Report interview, he advises investors to play that volatility. He details whyŚdespite its higher royalty taxŚMexico remains a silver powerhouse, and which companies will feel the royalty pinch most.

Finding Opportunity in Silver, the Devil's Metal: Chris Thompson (5/16/12) Silver2Silver has been called the most volatile of metals. But volatility produces opportunity, according to Chris Thompson, a top-ranked StarMine analyst with Haywood Securities. In this exclusive interview with The Gold Report, Thompson forecasts a strong year-end for the devil's metal, despite price weakness so far in Q2/12, and shares the names of a select group of companies that stand to profit.

Chris Thompson: Investors Not Quite Ready to Embrace 'Ugly Sister' Silver (11/21/11) Volatility in the markets overall, and particularly in the silver price, continues to deter investors, even the major producers, from stepping in on silver juniors. However, Chris Thompson, equity research analyst with Haywood Securities, names some attractive opportunities in South and Central America in this exclusive Gold Report interview.

Recent Quotes

"SVL offers investors an attractive growth profile." (7/17/14) SilverCrest Mines Inc. - Chris Thompson, Raymond James Moreá>

"SVL offers attractive growth, fueled by Santa Elena's conversion." (5/15/14) SilverCrest Mines Inc. - Chris Thompson, Raymond James Moreá>

"MND has a strong management team that consistently delivers on expectations." (5/6/14) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"SCZ is a top junior silver miner with near-term cash flow and significant development upside." (4/17/14) Santacruz Silver Mining Ltd. - Chris Thompson, Raymond James Moreá>

"We are upgrading MND to a Strong Buy rating; we highlight the healthy dividend, which provides downside protection." (4/15/14) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"SVL's revised mine plan at Santa Elena allows for delivery of more higher-grade underground ore early in the mine life." (3/24/14) SilverCrest Mines Inc. - Chris Thompson, Raymond James Moreá>

"FVI's share price weakness is an opportunity to add to positions." (3/18/14) Fortuna Silver Mines Inc. - Chris Thompson, Raymond James Moreá>

"SCZ has significant development upside and exceptional properties." (3/18/14) Santacruz Silver Mining Ltd. - Chris Thompson, Raymond James Moreá>

more comments

"We are upgrading SVL to Outperform; the company is well funded and well positioned to continue to add value at Santa Elena." (3/14/14) SilverCrest Mines Inc. - Chris Thompson, Raymond James Moreá>

"MND has a solid growth profile, a proven operating team and a strong balance sheet." (2/19/14) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"FVI's San Jose has had huge success and offers untapped production growth potential." (1/21/14) Fortuna Silver Mines Inc. - Chris Thompson, Raymond James Moreá>

"I like FSM and I like management's approach to trimming costs." (12/31/13) Fortuna Silver Mines Inc. - The Mining Report Interview with Chris Thompson Moreá>

"MND has medium- to longer-term potential to fully fill the mill and maximize production at Cerro Bayo." (12/31/13) Mandalay Resources Corp. - The Mining Report Interview with Chris Thompson Moreá>

"SCZ offers production growth, as well as a stellar property portfolio." (12/31/13) Santacruz Silver Mining Ltd. - The Mining Report Interview with Chris Thompson Moreá>

"SUE has a very doable, scalable project in Peru that can be developed relatively cheaply." (12/31/13) Sulliden Gold Corp. - The Mining Report Interview with Chris Thompson Moreá>

"THO has potential for better-than-anticipated grade in the near term." (12/31/13) Tahoe Resources Inc. - The Mining Report Interview with Chris Thompson Moreá>

"MND's acquisition of Challacollo offers production growth potential." (12/20/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"We are encouraged by SCZ's recent tonnage increases, and expect a further increase in December." (12/2/13) Santacruz Silver Mining Ltd. - Chris Thompson, Raymond James Moreá>

"Our target captures THO's growth profile and low cost structure." (11/13/13) Tahoe Resources Inc. - Chris Thompson, Raymond James Moreá>

"MND had a strong Q3/13; cash flow per share and adjusted EPS beat our expectations." (11/6/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"At FVI's Caylloma, we are impressed to see lower Q3/13 costs." (11/6/13) Fortuna Silver Mines Inc. - Chris Thompson, Raymond James Moreá>

"SVL's PEA for La Joya defines an economically viable project." (10/21/13) SilverCrest Mines Inc. - Chris Thompson, Raymond James Moreá>

"SUE is well funded to advance Shahuindo through initial construction." (10/15/13) Sulliden Gold Corp. - Chris Thompson, Raymond James Moreá>

"MND's Q3/13 consolidated metal production was higher than expected." (10/7/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"FVI has upside potential at the Trinidad North zone." (9/11/13) Fortuna Silver Mines Inc. - Chris Thompson, Raymond James Moreá>

"EIA approval for SUE represents a major hurdle now out of the way." (9/11/13) Sulliden Gold Corp. - Chris Thompson, Raymond James Moreá>

"Exploration upside and reserve/resource growth remain for MND." (9/10/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"We believe SVL offers investors an attractive growth profile." (8/15/13) SilverCrest Mines Inc. - Chris Thompson, Raymond James Moreá>

"We increased our target on FVI and reiterate our Outperform rating." (8/14/13) Fortuna Silver Mines Inc. - Chris Thompson, Raymond James Moreá>

"THO's Escobal is an attractive project with robust economics." (8/12/13) Tahoe Resources Inc. - Chris Thompson, Raymond James Moreá>

"Operationally, MND performed very well during Q2/13, with lower costs." (8/9/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"MAG's share price weakness is unjustified given Juanicipio's superb economics." (7/10/13) MAG Silver Corp. - Chris Thompson, Raymond James Moreá>

"We are encouraged by the exploration success FVI is having at Trinidad North." (6/18/13) Fortuna Silver Mines Inc. - Chris Thompson, Raymond James Moreá>

"MND's higher grades and improving operating performance offer near-term production growth at reduced operating costs." (6/6/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"At Masbate, BTO is pursuing economic gain over production growth." (6/3/13) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

"We recommend buying SUE on the development potential of its Shahuindo project." (5/31/13) Sulliden Gold Corp. - Chris Thompson, Raymond James Moreá>

"SVL's updated Santa Elena underground reserve estimate captured more tons at a better grade." (5/29/13) SilverCrest Mines Inc. - Chris Thompson, Raymond James Moreá>

"BTO is focusing efforts on increasing mine life (we currently estimate 10 years)." (5/23/13) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

"SVL is well positioned to deliver near-term production and cash-flow growth from Santa Elena." (5/17/13) SilverCrest Mines Inc. - Chris Thompson, Raymond James Moreá>

"We continue to rate shares of MND Outperform." (5/16/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"We rate shares of BTO Outperform." (5/16/13) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

"THO's Escobal remains on budget and on schedule; its progress is encouraging." (5/10/13) Tahoe Resources Inc. - Chris Thompson, Raymond James Moreá>

"We are upgrading FVI to Outperform and increasing our target price." (5/9/13) Fortuna Silver Mines Inc. - Chris Thompson, Raymond James Moreá>

"BTO's strong Q1/13 sales and revenue beat our estimates." (4/29/13) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

"We expect SVL's silver and gold grades to continue improving throughout 2013." (4/24/13) SilverCrest Mines Inc. - Chris Thompson, Raymond James Moreá>

"BTO's strong Q1/13 sales and revenue beat our estimates." (4/23/13) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

"Overall, MND's Q1/13 production was in line with our estimates." (4/18/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"FVI remains on track to deliver on its full-year guidance." (4/17/13) Fortuna Silver Mines Inc. - Chris Thompson, Raymond James Moreá>

"We are initiating coverage of SVL with an Outperform rating." (4/11/13) SilverCrest Mines Inc. - Chris Thompson, Raymond James Moreá>

"We are upgrading THO to an Outperform rating." (4/3/13) Tahoe Resources Inc. - Chris Thompson, Raymond James Moreá>

"BTO reported record consolidated Nicaraguan production in Q4/12." (3/28/13) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

"FVI had 60% production growth and 58% cash-flow growth YOY." (3/22/13) Fortuna Silver Mines Inc. - Chris Thompson, Raymond James Moreá>

"EDR's stock is at an attractive entry point supported by its growth profile." (3/14/13) Endeavour Silver Corp. - Chris Thompson, Raymond James Moreá>

"EDR's 2012 financial results were favorable compared with our expectations." (3/12/13) Endeavour Silver Corp. - Chris Thompson, Raymond James Moreá>

"THO remains fully funded to complete construction at Escobal on time and on budget." (3/12/13) Tahoe Resources Inc. - Chris Thompson, Raymond James Moreá>

"We view the results of MND's reserve and resources estimates as positive." (3/6/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"We continue to rate shares of MND Outperform." (2/22/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"MND delivered operating and financial results that were above our expectations." (2/21/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"We continue to rate shares of EDR Outperform." (1/31/13) Endeavour Silver Corp. - Chris Thompson, Raymond James Moreá>

"BTO has a robust growth pipeline and a track record of success." (1/30/13) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

"We reiterate our Outperform rating on MAG." (1/29/13) MAG Silver Corp. - Chris Thompson, Raymond James Moreá>

"MND anticipates 34% production growth to ~3 Moz Ag per year." (1/29/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"BTO is a go-to, aggressive, growth-focused gold producer." (1/18/13) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

"We continue to rate shares of MND an Outperform." (1/15/13) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"FVI added another consecutive year of production growth, its sixth." (1/15/13) Fortuna Silver Mines Inc. - Chris Thompson, Raymond James Moreá>

"EDR delivered its eighth consecutive year of production growth." (1/14/13) Endeavour Silver Corp. - Chris Thompson, Raymond James Moreá>

"Otjikoto secures BTO's rank as a go-to emerging midtier gold producer." (1/11/13) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

"BTO fulfilled its last major requirement to commence full-scale mine construction at Otjikoto." (12/5/12) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

"FVI offers potential for value creation via cash flow growth; we initiate coverage." (11/27/12) Fortuna Silver Mines Inc. - Chris Thompson, Raymond James Moreá>

"We are initiating coverage on THO." (11/27/12) Tahoe Resources Inc. - Chris Thompson, Raymond James Moreá>

"Growth opportunities await MND; we initiate coverage with an Outperform rating." (11/27/12) Mandalay Resources Corp. - Chris Thompson, Raymond James Moreá>

"We initiate coverage on EDR with an Outperform rating and anticipate a growing production profile." (11/27/12) Endeavour Silver Corp. - Chris Thompson, Raymond James Moreá>

"BTO is a go-to, aggressive, growth-focused gold producer." (11/15/12) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

"BTO's Q3/12 production came in 6% ahead of our estimates." (10/16/12) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

"We are reinitiating coverage on BTO with an Outperform rating." (10/4/12) B2Gold Corp. - Chris Thompson, Raymond James Moreá>

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