Analyst Coverage

Red Cloud Securities

Derek Macpherson
VP, Research

research@redcloudsecurities.com

Rating: Buy
Target: C$3.25

Stifel GMP

Tyron Breytenbach, P. Geo
Head of Mining Research

tbreytenbach@stifel.com

Rating: Speculative Buy
Target: C$3.50

PI Financial

Philip Ker, P. Geo, MBA
Precious Metals Analyst

Rating: Buy
Target: C$2.50

Haywood Securities

Mick Carew
Research Analyst, Mining

Rating: Buy
Target: C$3.50

Eight Capital

David A. Talbot
Director, Metals & Mining Research

dtalbot@viicapital.com
Mitch Vanderydt, P.Eng
Research Associate, Metals & Mining

mvanderydt@viicapital.com

Rating: Buy
Target: C$2.70