Recommendations

MAG Silver Corp.

Joe Reagor, ROTH Capital Partners (3/27/24) "We continue to believe MAG is undervalued by the market."

Kevin O'Halloran, BMO Capital Markets (3/27/24) "The results of a PFS for Juanicipio set up MAG's shares to rerate."

Soma Gold Corp.

SADIF Investment Analytics (3/26/24) "SOMA is a high quality company."

Western Exploration Inc.

Chen Lin, What Is Chen Buying? What Is Chen Selling? (3/26/24) "WEX is a new name in my letter."

Fundamental Research Corp. (3/25/24) "WEX was last week's top performer among our Top Picks; it was up 35%."

Perpetua Resources Corp.

Mike Kozak, Cantor Fitzgerald (3/22/24) "PPTA sold a royalty on all future silver production from Stibnite."

Defense Metals Corp.

Mark Reichman, Noble Capital Markets (3/20/24) "DEFN appointed a firm to do a strategic funding review for Wicheeda."

MAG Silver Corp.

Joe Reagor, ROTH Capital Partners (3/20/24) "MAG's Q4/23 results were somewhat better than expected."

Kevin O'Halloran, BMO Capital Markets (3/19/24) "Juanicipio returned $18.8M (interest and principal) to MAG in Q4/23."

Ovais Habib, Scotiabank (3/19/24) "MAG's acquisition of Goldstake is expected to close in Q2/24."

Don DeMarco, National Bank of Canada (3/19/24) "Results of 1,609m of drilling at MAG's Deer Trail in Q4/23 are pending."

Craig Hutchison, TD Cowen (3/19/24) "Juanicipio generated $62M of FCF in Q4/23, or $27.3M to MAG."

Perpetua Resources Corp.

Mike Niehuser, ROTH Capital Partners (3/14/24) "Jon Cherry was appointed as PPTA's chief executive officer."

Liberty Gold Corp.

Brian Quast, BMO Capital Markets (3/14/24) "LGD reported weighted average gold extraction of 84.2% at Black Pine."

MAG Silver Corp.

Chen Lin, What Is Chen Buying? What Is Chen Selling? (3/12/24) "MAG is one of my top silver holdings."

Lion One Metals Ltd.

Jay Taylor, Hotline (3/8/24) "LIO discovered copper porphyry-style mineralization near Tuvatu."

Dolly Varden Silver Corp.

Brien Lundin, Golden Opportunities (3/7/24) "Its resources put DV in a position to grow substantially from here."

Western Exploration Inc.

Brien Lundin, Gold Newsletter (Jefferson Financial) (3/6/24) "The hanging wall area seems likely to double WEX's Au resource."

MAG Silver Corp.

Joe Reagor, ROTH Capital Partners (3/6/24) "An updated technical report is likely to be the next catalyst for MAG."

Liberty Gold Corp.

Alex Terentiew, PI Financial (3/6/24) "We see room for upside in LGD."

Dolly Varden Silver Corp.

SADIF Investment Analytics (3/5/24) "DV's stock is upgraded to Above Average from Average."

Perpetua Resources Corp.

SADIF Investment Analytics (3/5/24) "PPTA's stock is upgraded to Above Average from Average."

Dolly Varden Silver Corp.

Bob Moriarty, 321 Gold (3/4/24) "DV's 43-101 is sufficient to provide support to its market cap today."

Seabridge Gold Inc.

Taylor Combaluzier, Red Cloud Securities (3/4/24) "SEA's upcoming catalysts include a potential JV with a major partner."

World Copper Ltd.

Fundamental Research Corp. (3/4/24) "Top Pick WCU is among the week's best performers, up 17%."

Lion One Metals Ltd.

Jay Taylor, Gold, Energy & Tech Stocks (2/29/24) "LIO is is off the radar of most investors."

Metallic Minerals Corp.

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/28/24) "MMG generated a maiden resource estimate for its Keno silver project."

Liberty Gold Corp.

Brian Quast, BMO Capital Markets (2/28/24) "Bringing Black Pine to production remains the focus for LGD."

MAG Silver Corp.

Kevin O'Halloran, BMO Capital Markets (2/27/24) "MAG's goal is to build a cash balance to fund exploration."

Sierra Madre Gold and Silver Ltd.

Thibaut Lepouttre, Caesars Report (2/21/24) "SM will release the mine restart study for La Guitarra in Q2/24."

Lion One Metals Ltd.

Clive Maund, CliveMaund.com (2/17/24) "LIO looks like a solid Buy again here."

Jay Taylor, Hotline (2/16/24) "My view is that buying shares of LIO will turn out to be prudent."

Seabridge Gold Inc.

Taylor Combaluzier, Red Cloud Securities (2/15/24) "SEA reported results from the ~7,800m 2023 dill program at 3 Aces."

Liberty Gold Corp.

Chris Thompson, PI Financial (2/15/24) "We are impressed with LGD's revised resource estimate for Black Pine."

Defense Metals Corp.

Mark Reichman, Noble Capital Markets (2/14/24) "We are surprised that DEFN trades at its current valuation."

Dolly Varden Silver Corp.

Marcus Giannini, Haywood Securities (2/13/24) "DV released its final batch of assay results from its 2023 drilling."

Perpetua Resources Corp.

Mike Niehuser, ROTH Capital Partners (2/13/24) "PPTA received an additional grant for $34.6M from the DOD."

Dolly Varden Silver Corp.

Marcus Giannini, Haywood Securities (2/12/24) "Drill results identify a gold-rich zone northwest of DV's Homestake."

Perpetua Resources Corp.

Mike Kozak, Cantor Fitzgerald (2/12/24) "PPTA's Stibnite is now fully funded through federal permitting."

Lion One Metals Ltd.

Jay Taylor, Hotline (2/9/24) "LIO is commencing a public offering for gross proceeds up to $10M."

Omineca Mining and Metals Ltd.

Bill Newman, Research Capital Corporation (2/8/24) "We are hopeful OMM will start Au recovery in the coming weeks/months."

Seabridge Gold Inc.

Taylor Combaluzier, Red Cloud Securities (2/6/24) "SEA's updated MREs are another step to ready KSM for a JV partner."

Mike Kozak, Cantor Fitzgerald (2/5/24) "SEA updated the MREs at the Kerr and Iron Cap deposits at KSM."

Perpetua Resources Corp.

Mike Niehuser, ROTH Capital Partners (2/2/24) "PPTA received funding from the U.S. DOD for mining antimony."

Metallic Minerals Corp.

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/1/24) "Hole 3 in the Formo target at MMG's Keno cut 46m of 256 g/t Ag eq."

Dolly Varden Silver Corp.

Clive Maund, CliveMaund.com (1/31/24) "DV is viewed as better value and more of a buy here."

Lion One Metals Ltd.

Jay Taylor, Gold, Energy & Tech Stocks (1/31/24) "LIO's Tuvatu appears to be emerging into a very high-grade gold mine."

Blackwolf Copper & Gold Ltd.

Jay Taylor, Gold, Energy & Tech Stocks (1/31/24) "BWCG's shares are now trading on the OTCQB."

Dolly Varden Silver Corp.

Gerardo Del Real, Resource Stock Digest (1/29/24) "At its namesake project, DV continues to hit high-grade silver."

Ben Pirie, Atrium Research (1/26/24) "DV is a company we found to be most promising at VRIC 2024."

Emerita Resources Corp.

Ben Pirie, Atrium Research (1/26/24) "EMO is one of our top ideas from VRIC 2024."

MAG Silver Corp.

Chris Thompson, PI Financial (1/24/24) "We remain impressed by the operating performance of MAG's Juanicipio."

Kevin O'Halloran, BMO Capital Markets (1/24/24) "MAG's Q4/23 Ag and Au grades modestly exceeded our expectations."

Blackwolf Copper & Gold Ltd.

Taylor Combaluzier, Red Cloud Securities (1/22/24) "BWCG announced final assays from 2023 drilling at Harry and Cantoo."

MAG Silver Corp.

Joe Reagor, ROTH Capital Partners (1/22/24) "Production at MAG's Juanicipio continues to grow."

Blackwolf Copper & Gold Ltd.

Jay Taylor, Hotline (1/19/24) "BWCG identified multiple mineralization styles at the Harry property."

Lion One Metals Ltd.

Jay Taylor, Hotline (1/19/24) "LIO is now starting to become a serious gold producer."

Liberty Gold Corp.

Chris Thompson, PI Financial (1/18/24) "LGD is consistently delivering drilling success at Black Pine."

Defense Metals Corp.

Mark Reichman, Noble Capital Markets (1/18/24) "DEFN's Wicheeda REE project has several competitive advantages."

Seabridge Gold Inc.

Taylor Combaluzier, Red Cloud Securities (1/18/24) "SEA applied for substantially started status for its KSM project."

Defense Metals Corp.

Mining.com (1/17/24) "DEFN entered a co-design agreement with the McLeod Lake Indian Band."

Dolly Varden Silver Corp.

Clive Maund, CliveMaund.com (1/17/24) "DV is believed to be at a good point to buy or add to positions."

Seabridge Gold Inc.

Taylor Combaluzier, Red Cloud Securities (1/17/24) "We view the updated PFS on SEA's Courageous Lake positively."

Dolly Varden Silver Corp.

Pierre Vaillancourt, Haywood Securities (1/16/24) "DV reported 630 g/t Ag eq over 22.8m at its Homestake Silver zone."

Seabridge Gold Inc.

Mike Kozak, Cantor Fitzgerald (1/16/24) "The PFS on SEA's Courageous Lake returned a $523M NPV5% and 21% IRR."

Defense Metals Corp.

Mark Reichman, Noble Capital Markets (1/10/24) "DEFN and Ucore Rare Metals will explore collaborative opportunities."

Metallic Minerals Corp.

SADIF Investment Analytics (1/10/24) "We believe MMG to be an above average long-term investment."

Western Exploration Inc.

Siddharth Rajeev, Fundamental Research Corp. (1/10/24) "WEX's Aura returned bonanza grades, up to 257 g/t Au and 2,800 g/t Ag."

Blackwolf Copper & Gold Ltd.

Jay Taylor, Hotline (1/5/24) "I firmly believe BWCG is a story to watch intensely in 2024."

Lion One Metals Ltd.

Jay Taylor, Hotline (1/5/24) "LIO has a chance to post very considerable gains."

Perpetua Resources Corp.

Mike Kozak, Cantor Fitzgerald (1/2/24) "PPTA appointed Andrew Cole to its board of directors."

Blackwolf Copper & Gold Ltd.

Jay Taylor, Gold, Energy & Tech Stocks (12/31/23) "At BWCG's Harry, a hole intersected 277 g/t Au and 118 g/t Ag over 1m."

Lion One Metals Ltd.

Jay Taylor, Gold, Energy & Tech Stocks (12/31/23) "I expect to add LIO to my gold and silver producers in January 2024."

Blackwolf Copper & Gold Ltd.

Jay Taylor, Hotline (12/29/23) "BWCG is one story that stands out in my mind as we begin a new year."

Lion One Metals Ltd.

Jay Taylor, Hotline (12/29/23) "There would appear to be enormous upside in LIO starting in 2024."

Defense Metals Corp.

Mark Reichman, Noble Capital Markets (12/28/23) "DEFN's Wicheeda REE project has several competitive advantages."

Seabridge Gold Inc.

Taylor Combaluzier, Red Cloud Securities (12/21/23) "We believe SEA's Iskut may be underlain by a large porphyry system."

Mining.com (12/20/23) "SEA drilled 6.36 g/t Au, 0.02% Cu and 4.7 g/t Ag over 10m at Iskut."

Stillwater Critical Minerals

SADIF Investment Analytics (12/19/23) "PGE has a bright prospect."

Lion One Metals Ltd.

Jay Taylor, Hotline (12/15/23) "Drilling in Zone 5 at LIO's Tuvatu returned multiple bonanza-grade results."