Sector Experts

Philip Ker

PI Financial

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Philip Ker is a mining analyst for PI Financial. He has field experience as an exploration geologist working across Canada on gold, diamond and base metal projects. He completed a Master of Business Administration degree in finance at the University of Alberta and holds a Bachelor of Science degree in geology.




Recent Interviews

Thinning the Junior Mining Herd Tough but Necessary: Philip Ker (4/12/13) A dearth of financing is culling the junior mining herd. Who will be left? Philip Ker, a mining analyst with PI Financial in Toronto, believes cash-flow generators in safe jurisdictions will continue to perform in this market. In this interview with The Gold Report, Ker talks about a few favorite companies that fit the bill.

Junior Miners Still Giving the Street Something to Talk About: Philip Ker (7/30/12) Which junior miners are giving the Street something to talk about? Some shining examples of promising companies with good balance sheets do exist despite what seems like a market dominated by bad news. In this exclusive interview with The Gold Report, Philip Ker, an analyst with Vancouver-based Union Securities, shares the good news his latest site visits have revealed about projects in Nevada and Mexico.

Is It Time to Get into Gold Junior Mining Plays?: Philip Ker (1/27/12) Philip Ker, a mining analyst for Canada-based Union Securities Ltd., says while current market conditions are affecting the junior mining space, they are also helping investors to identify low-risk opportunities and projects that may provide future value growth. In this exclusive interview for The Gold Report, Ker discusses how the industry will need to continue to see positive news, especially from senior and midtier producers, which should trickle down to the juniors.

Recent Quotes

"We expect consistent growth from SVL." (7/18/14) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"KDX had strong sales and production in Q2/14, both of which beat our projections." (7/16/14) Klondex Mines Ltd. - Philip Ker, PI Financial More >

"The CA$14M financing provides KDX with a security blanket to support initiatives." (7/15/14) Klondex Mines Ltd. - Philip Ker, PI Financial More >

"TMM's positive operations are leading to free cash flow." (7/10/14) Timmins Gold Corp. - Philip Ker, PI Financial More >

"MAG's new source of cash allows it to be financially comfortable for a while." (7/7/14) MAG Silver Corp. - Philip Ker, PI Financial More >

"KDX's Fire Creek project has significant exploration potential." (7/4/14) Klondex Mines Ltd. - Philip Ker, PI Financial More >

"SVL's new 3 Ktpd mill is progressing on time and on budget." (6/18/14) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"CMM's $5M bought-deal financing should support the required capital to further advance the Castle Mountain Mine feasibility study." (6/11/14) Castle Mountain Mining Co. Ltd. - Philip Ker, PI Financial More >

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"TMM announced a $5M regional exploration program at San Francisco." (5/29/14) Timmins Gold Corp. - Philip Ker, PI Financial More >

"MAG's increased tonnage at Juanicipio provides additional upside." (5/28/14) MAG Silver Corp. - Philip Ker, PI Financial More >

"KDX beat our gold and silver recovery projections and made progress with the Midas mill in just five weeks." (5/15/14) Klondex Mines Ltd. - Philip Ker, PI Financial More >

"SVL's low cash costs contributed $6.6M to Q1/14 operating cash flow." (5/15/14) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"The commissioning of SVL's Santa Elena mill proves management's credibility and level of execution." (5/5/14) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"A considerable increase to the NPV of KDX's Fire Creek is likely." (5/5/14) Klondex Mines Ltd. - Philip Ker, PI Financial More >

"KDX's robust economics at Fire Creek position the company nicely for growth." (5/1/14) Klondex Mines Ltd. - Philip Ker, PI Financial More >

"TMM prereleased Q1/14 record gold production and sales results." (4/30/14) Timmins Gold Corp. - Philip Ker, PI Financial More >

"CMM delivered positive economics on its flagship project in California." (4/25/14) Castle Mountain Mining Co. Ltd. - Philip Ker, PI Financial More >

"The in-situ resource and in-hand, approved operating permits make CMM an attractive takeover candidate." (4/16/14) Castle Mountain Mining Co. Ltd. - Philip Ker, PI Financial More >

"We are confident SVL can attain the higher end of guidance in 2014." (4/15/14) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"TMM announced record Q1/14 production, a beat to our target." (4/9/14) Timmins Gold Corp. - Philip Ker, PI Financial More >

"SVL can more rapidly develop the underground at Santa Elena." (4/7/14) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"KDX has been one of the sector's top performers in Q1/14." (4/3/14) Klondex Mines Ltd. - Philip Ker, PI Financial More >

"The commissioning of SVL's mill is expected in early April." (4/1/14) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"We expect positive operating results from SVL going forward." (3/19/14) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"MAG has significant potential to make additional discoveries on the Juanicipio JV land package." (3/19/14) MAG Silver Corp. - Philip Ker, PI Financial More >

"TMM generated higher-than-expected free cash flow in Q4/13." (3/7/14) Timmins Gold Corp. - Philip Ker, PI Financial More >

"We continue to favor accumulating shares of KDX." (3/3/14) Klondex Mines Ltd. - Philip Ker, PI Financial More >

"TMM's recently closed financing allows it to significantly strengthen its balance sheet." (2/13/14) Timmins Gold Corp. - Philip Ker, PI Financial More >

"MAG's Juanicipio will benefit from Fresnillo as the project operator." (2/11/14) MAG Silver Corp. - Philip Ker, PI Financial More >

"The Midas mine acquisition makes KDX a bona fide producer with great potential." (1/23/14) Klondex Mines Ltd. - Philip Ker, PI Financial More >

"SVL announced stellar Q4/13 silver production from Santa Elena." (1/16/14) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"TMM's record production at San Francisco beat our projections." (1/13/14) Timmins Gold Corp. - Philip Ker, PI Financial More >

"We are initiating coverage of KDX; we view this compelling deposit and experienced management team as a must-have in any mining-focused portfolio." (11/22/13) Klondex Mines Ltd. - Philip Ker, PI Financial More >

"TMM's new reserve/resource estimate is a 43% increase in contained gold." (11/6/13) Timmins Gold Corp. - Philip Ker, PI Financial More >

"We see good value in SVL's La Joya as it continues to advance." (10/22/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"SVL announced record silver production from Santa Elena for Q3/13." (10/15/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"Record production during Q3/13 is a good sign TMM's San Francisco mine is moving in a positive direction." (10/10/13) Timmins Gold Corp. - Philip Ker, PI Financial More >

"SVL is our top pick for Q4/13." (10/3/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"The scale of SVB's Sierra Mojada makes it a perfect candidate for M&A activity." (9/30/13) Silver Bull Resources Inc. - Philip Ker, PI Financial More >

"We are initiating coverage of MAG with a Buy recommendation." (9/6/13) MAG Silver Corp. - Philip Ker, PI Financial More >

"SVL identified a new zone at Santa Elena named Tortuga." (9/5/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"SVL continues to operate the Santa Elena mine efficiently and effectively." (8/15/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"SVL continues to operate the Santa Elena mine efficiently and effectively." (8/15/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"Upside exists for TMM as the company continues to minimize capex and strengthen its balance sheet." (8/8/13) Timmins Gold Corp. - Philip Ker, PI Financial More >

"SVL's prefeasibility study returned positive and robust economics." (7/26/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"We believe TMM will be capable of achieving its 2013 target of 125 Koz." (7/18/13) Timmins Gold Corp. - Philip Ker, PI Financial More >

"We continue to be optimistic on the growing production trajectory for SVL." (7/17/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"SVB has good initial metallurgical test results at Sierra Mojada; we are maintaining our Buy recommendation." (7/3/13) Silver Bull Resources Inc. - Philip Ker, PI Financial More >

"SVL has extended its Santa Elena mine life by about eight years." (5/29/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"We favor SVL as it continues in 2013 with strong production numbers." (5/15/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"We expect TMM to achieve 30% growth." (4/30/13) Timmins Gold Corp. - Philip Ker, PI Financial More >

"We are confident SVL's management will achieve its production guidance target for 2013 and complete construction of the new mill on time." (4/24/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"SVB is attractive for investors seeking exposure to both silver and zinc; we are initiating coverage." (4/24/13) Silver Bull Resources Inc. - Philip Ker, PI Financial More >

"I am paying particularly close attention to EXN." (4/12/13) Excellon Resources Inc. - The Gold Report Interview with Phillip Ker More >

"SVB's Sierra Mojada is a historically producing mine with infrastructure right to site." (4/12/13) Silver Bull Resources Inc. - The Gold Report Interview with Phillip Ker More >

"SVL is continually beating its guidance and analysts' estimates." (4/12/13) SilverCrest Mines Inc. - The Gold Report Interview with Phillip Ker More >

"SUE has a great project and Agnico-Eagle took a substantial position in it." (4/12/13) Sulliden Gold Corp. - The Gold Report Interview with Phillip Ker More >

"I believe this is a pivotal year for TMM." (4/12/13) Timmins Gold Corp. - The Gold Report Interview with Phillip Ker More >

"We believe considerable upside could exist for TMM shares." (4/10/13) Timmins Gold Corp. - Philip Ker, PI Financial More >

"SVL's results further demonstrate the high-grade characteristics of the El Cholugo zone." (4/8/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"We continue to favor SVL; our target price represents a potential 60% return to investors." (3/15/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"We maintain our Buy recommendation and target price for TMM, which represents a potential 73% return." (2/25/13) Timmins Gold Corp. - Philip Ker, PI Financial More >

"We favor SVL as it heads into 2013 with continued strong production numbers." (2/22/13) SilverCrest Mines Inc. - Philip Ker, PI Financial More >

"We are initiating coverage of TMM with a Buy recommendation." (12/13/12) Timmins Gold Corp. - Philip Ker, PI Financial More >

"TMM is poised for considerable growth in both production and earnings." (8/15/12) Timmins Gold Corp. - Philip Ker, PI Financial More >

"TMM is positioning itself nicely for M&A activity." (7/30/12) Timmins Gold Corp. - The Gold Report Interview with Philip Ker More >

"I believe RPM will either be taken out or awarded a substantial settlement." (7/30/12) Rye Patch Gold Corp. - The Gold Report Interview with Philip Ker More >

"I increased my target substantially when NGC confirmed spherical, high-purity graphite could be made from its large-flake deposit." (7/30/12) Northern Graphite Corporation - The Gold Report Interview with Philip Ker More >

"GIX's Tepal has a strong NPV, a long mine life and good production numbers at low operating costs." (7/30/12) Geologix Explorations Inc. - The Gold Report Interview with Philip Ker More >

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