Sector Expert: Chris Thompson

Raymond James

Chris Thompson, PGeo, is an analyst for Raymond James specializing in precious metals and small- to mid-cap developers and producers. He worked previously for Haywood Securities. He holds a Bachelor of Science in mining and exploration geology, a Master of Science in mineral economics and a graduate diploma in mining engineering from the University of the Witwatersrand in South Africa. He was awarded the 2011 StarMine Top Analyst Award for Stock Picker in the Metals and Mining sector.



Recent Interviews

Avoid Dodos and Find Gold and Silver Miners that Can Soar, Says Raymond James' Chris Thompson (2/11/15)
Soaring bird

Chris Thompson, mining analyst with Raymond James, is looking for companies that can continue to deliver real growth and shareholder upsideŚcompanies that can "fly"Śregardless of metal prices. The high-flyers with upside, Thompson says, have good management, strong cash flow at current metal prices, organic growth potential and are undervalued relative to their peers offering those same attributes. In this interview with The Gold Report, Thompson offers some precious metal names that could soar.

Chris Thompson: Gold and Silver Miners that Can Make Money Now (8/13/14)

Gold and moneyAs much as we'd all like significantly higher silver and gold prices, Chris Thompson of Raymond James doesn't expect them. The good news, he argues, is that the relative stability now characterizing the market permits investors to make informed decisions about which companies can build value and demonstrate cash flows at today's prices. In this interview with The Gold Report, Thompson lists a handful of gold and silver miners prepared to do just that.

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.

Recent Quotes

"With the amended debt facility, AKG receives needed balance sheet relief for its Phase 2A expansion."

— Chris Thompson, Raymond James (5/19/16)
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"We are increasing our target following AKG's site visit, and increased confidence in our operating assumptions."

— Chris Thompson, Raymond James (5/16/16)
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"We view the results of NMI's PEA positively, and accretive to our estimates."

— Chris Thompson, Raymond James (5/16/16)
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"NMI's drill results from multiple zones are encouraging and continue to confirm resource growth potential close to existing development."

— Chris Thompson, Raymond James (5/9/16)
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"THO offers a unique combination of fully funded organic growth, strong FCF generation and an attractive dividend."

— Chris Thompson, Raymond James (5/4/16)
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"We view the reduced near-term capex profile of Phase 2 development at the Asanko Gold Mine as a positive for AKG."

— Chris Thompson, Raymond James (5/2/16)
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"NMI is a solid free cash flow generator with strong exploration upside."

— Chris Thompson, Raymond James (4/29/16)
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"NMI tabled better-than-anticipated Q1/16 production results; all mines delivered better-than-expected performance."

— Chris Thompson, Raymond James (4/12/16)
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"At Asanko, AKG continues to ramp up to steady state gold production."

— Chris Thompson, Raymond James (4/6/16)
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"NMI is an attractively valued free cash flow generator at current metal prices."

— Chris Thompson, Raymond James (4/4/16)
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"Following the closing of the Lake Shore Gold transaction, THO remains in a strong financial position."

— Chris Thompson, Raymond James (4/4/16)
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"THO offers a unique combination of low-cost production, fully funded organic growth, significant free cash flow generation and a strong balance sheet."

— Chris Thompson, Raymond James (3/31/16)
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"NMI released positive year-end reserves/resources estimates."

— Chris Thompson, Raymond James (3/21/16)
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"THO offers low-cost production, fully funded organic growth, significant FCF generation and a strong balance sheet."

— Chris Thompson, Raymond James (3/10/16)
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"We maintain our Outperform rating on NMI after in-line Q4/15 financials."

— Chris Thompson, Raymond James (3/4/16)
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"NMI released positive exploration results from nine Fosterville holes."

— Chris Thompson, Raymond James (2/29/16)
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"The addition to THO of Lake Shore's asset base should be welcomed."

— Chris Thompson, Raymond James (2/9/16)
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"Lake Shore adds a large high-grade, geopolitically friendly asset to THO."

— Chris Thompson, Raymond James (2/8/16)
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"AKG reported first gold pour from its gold mine project in Ghana."

— Chris Thompson, Raymond James (1/27/16)
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"THO ranks as a premier low-cost precious metals producer that offers fully funded organic growth."

— Chris Thompson, Raymond James (1/26/16)
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"THO is well positioned to grow near-term value."

— Chris Thompson, Raymond James (1/18/16)
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"NMI reported in-line Q4/15 production results."

— Chris Thompson, Raymond James (1/18/16)
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"MAG continues to rank as our top developer pick in the silver sector."

— Chris Thompson, Raymond James (1/18/16)
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"Our Outperform 2 rating for THO remains unchanged."

— Chris Thompson, Raymond James (1/14/16)
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"AKG remains primed for a market rerate."

— Chris Thompson, Raymond James (12/21/15)
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"We are increasing our target price on NMI after a recent site visit."

— Chris Thompson, Raymond James (11/30/15)
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"AKG's mine remains on schedule for first gold pour in early Q1/16."

— Chris Thompson, Raymond James (11/16/15)
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"NMI is a solid free cash flow generator at current metal prices."

— Chris Thompson, Raymond James (11/6/15)
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"We continue to view NMI as a solid free-cash-flow generator."

— Chris Thompson, Raymond James (10/14/15)
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"AKG's Asanko gold mine is ~75% complete and remains fully funded."

— Chris Thompson, Raymond James (9/16/15)
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"NGN's cash flow capability and attractive valuation relative to peers supports our Outperform rating."

— Chris Thompson, Raymond James (8/26/15)
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"Operationally, THO delivered a solid Q2/15."

— Chris Thompson, Raymond James (8/12/15)
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"THO offers high-margin organic growth and an attractive dividend."

— Chris Thompson, Raymond James (8/6/15)
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"AKG's Asanko project remains fully funded and on schedule for first gold pour in Q1/16."

— Chris Thompson, Raymond James (7/13/15)
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"AKG is primed for a near-term market rerating."

— Chris Thompson, Raymond James (6/29/15)
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"AKG stock is primed for near-term market rerating."

— Chris Thompson, Raymond James (6/15/15)
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"AKG is primed for a market rerating upon a successful transition from developer to producer."

— Chris Thompson, Raymond James (6/3/15)
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"We view BCM as a call option on Corani's potential silver production."

— Chris Thompson, Raymond James (6/2/15)
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"We are maintaining our Outperform 2 rating on AKG's stock."

— Chris Thompson, Raymond James (5/15/15)
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"THO's Q1/15 financial results beat expectations on lower costs."

— Chris Thompson, Raymond James (4/29/15)
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"We are maintaining our Strong Buy rating on MND."

— Chris Thompson, Raymond James (4/13/15)
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"AKG's Asanko mine is on schedule for first gold in Q1/16."

— Chris Thompson, Raymond James (4/9/15)
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"MND is a top quality story that's on the verge of material cash flow and production growth."

— Chris Thompson, Raymond James (4/2/15)
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"We are upgrading THO to Outperform and increasing our target price."

— Chris Thompson, Raymond James (4/1/15)
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"AKG is well on the way to transforming from developer to producer."

— Chris Thompson, Raymond James (2/20/15)
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"We regard MND as a top quality story and sound investment option."

— Chris Thompson, Raymond James (2/18/15)
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"BCM has a well-respected management team."

The Gold Report Interview with Chris Thompson (2/11/15)
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"MAG's Juanicipio is probably the second most high-grade, undeveloped primary silver project in the world."

The Gold Report Interview with Chris Thompson (2/11/15)
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"MND is focused on economics and shareholder return."

The Gold Report Interview with Chris Thompson (2/11/15)
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"We continue to view THO as a top-quality story in the silver space."

— Chris Thompson, Raymond James (1/20/15)
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"We are upgrading G to a Strong Buy."

— Chris Thompson, Raymond James (1/12/15)
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"MND had stronger-than-expected Q4/14 production and sales."

— Chris Thompson, Raymond James (1/12/15)
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"FVI can deliver growth in today's depressed metals price environment."

— Chris Thompson, Raymond James (12/17/14)
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"THO's Escobal still ranks as a top-tier, economically robust asset."

— Chris Thompson, Raymond James (12/1/14)
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"MND has near-term growth, strong management and exploration upside."

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

— Chris Thompson, Raymond James (11/7/14)
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"THO is a stock to own based on management, margin and exploration upside."

— Chris Thompson, Raymond James (11/6/14)
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"With its fiscal discipline and operational flexibility, SVL is well positioned."

— Chris Thompson, Raymond James (10/2/14)
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"We are upgrading FVI to Strong Buy after our San Jose site visit."

— Chris Thompson, Raymond James (9/25/14)
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"AKG has proven, experienced management and a project that's fully permitted and funded."

— Chris Thompson, Raymond James (9/10/14)
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"Shareholders overwhelmingly approved MND's acquisition of Elgin Mining."

— Chris Thompson, Raymond James (9/4/14)
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"FVI's operations, cash balance and near-term organic growth are strong."

— Chris Thompson, Raymond James (8/27/14)
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"SVL offers an attractive growth profile."

— Chris Thompson, Raymond James (8/14/14)
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"We are increasing our target price for THO shares based on Q2/14 results."

— Chris Thompson, Raymond James (8/13/14)
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"We maintain our Outperform rating on FVI following in-line Q2/14 results."

— Chris Thompson, Raymond James (8/13/14)
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"AKG has our favorite junior gold company project."

The Gold Report Interview with Chris Thompson (8/13/14)
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"FVI is a rare example of a company that operates two mines in two countries efficiently and cost effectively."

The Gold Report Interview with Chris Thompson (8/13/14)
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"SVL's Santa Elena mine at depth offers significant production-growth potential."

The Gold Report Interview with Chris Thompson (8/13/14)
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"THO's Escobal asset stands to deliver significant cash flow in the near term."

The Gold Report Interview with Chris Thompson (8/13/14)
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"AKG is one of West Africa's premier gold developers; we are reiterating our Outperform rating."

— Chris Thompson, Raymond James (7/17/14)
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"SVL offers investors an attractive growth profile."

— Chris Thompson, Raymond James (7/17/14)
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