Public Appearance
Stocks ABX, CS.CN, DM.CN, HBM.CN, LUN.CN, PTM.CN, POM.CN, LCC.CN, FOM.CN, FM.CN
Analyst:Topping, George J.
Reporter:Mike Jaffe
Publication:streetwisereports
Publication Type:Magazine
Date:May  20,  2013
Topic:mining
Materials:
Phone Interview:yes
Comments:


Disclosures:

 Barrick Gold Corporation


The rating and target price history for Barrick Gold Corporation and its securities prior to July 12, 2010, on the above price chart reflects the research analyst's views while employed at Thomas Weisel Partners LLC, an affiliate of Stifel. Thomas Weisel Partners LLC utilized an investment rating system that was different from the rating system currently utilized at Stifel. For purposes of the company's price chart, Overweight, Market Weight, and Underweight under the Thomas Weisel Partners LLC investment rating system shall correspond to Buy, Hold, and Sell respectively, under the current Stifel investment rating system. For a description of the investment rating system previously utilized by former Thomas Weisel Partners LLC research analysts during the past three years, go to http://stifel.bluematrix.com/docs/html/Thomas-Weisel-r.html Stifel makes a market in the securities of Barrick Gold Corporation.


 Capstone Mining Corp.


The rating and target price history for Capstone Mining Corp. and its securities prior to July 12, 2010, on the above price chart reflects the research analyst's views while employed at Thomas Weisel Partners LLC, an affiliate of Stifel. Thomas Weisel Partners LLC utilized an investment rating system that was different from the rating system currently utilized at Stifel. For purposes of the company's price chart, Overweight, Market Weight, and Underweight under the Thomas Weisel Partners LLC investment rating system shall correspond to Buy, Hold, and Sell respectively, under the current Stifel investment rating system. For a description of the investment rating system previously utilized by former Thomas Weisel Partners LLC research analysts during the past three years, go to http://stifel.bluematrix.com/docs/html/Thomas-Weisel-r.html This report is intended for distribution to or use by institutional clients only, as the securities of the company or companies mentioned in this report may not be registered in certain states or other jurisdictions and as a result, the securities may not be eligible for sale in some states or jurisdictions. Additionally, the securities of non-U.S. issuers may not be registered with, nor be subject to the reporting requirements of, the U.S. Securities and Exchange Commission. The information contained herein is not an offer to sell or the solicitation of an offer to buy any security in any state or jurisdiction where such an offer or solicitation would be illegal.


 Duluth Metals Limited


This report is intended for distribution to or use by institutional clients only, as the securities of the company or companies mentioned in this report may not be registered in certain states or other jurisdictions and as a result, the securities may not be eligible for sale in some states or jurisdictions. Additionally, the securities of non-U.S. issuers may not be registered with, nor be subject to the reporting requirements of, the U.S. Securities and Exchange Commission. The information contained herein is not an offer to sell or the solicitation of an offer to buy any security in any state or jurisdiction where such an offer or solicitation would be illegal. The analyst has viewed the material operations of the following company or companies mentioned in this report during a recent site visit: Duluth Metals Limited Prior to August 31, 2011, a different Stifel research analyst provided research coverage of Duluth Metals Limited and its securities. Duluth Metals Limited's price chart for the period prior to August 31, 2011, reflects the rating and price target history of the former Stifel research analyst for such issuer and its securities. Stifel expects to receive or intends to seek compensation for investment banking services from Duluth Metals Limited in the next 3 months.


 HudBay Minerals Inc.


The rating and target price history for HudBay Minerals Inc. and its securities prior to July 12, 2010, on the above price chart reflects the research analyst's views while employed at Thomas Weisel Partners LLC, an affiliate of Stifel. Thomas Weisel Partners LLC utilized an investment rating system that was different from the rating system currently utilized at Stifel. For purposes of the company's price chart, Overweight, Market Weight, and Underweight under the Thomas Weisel Partners LLC investment rating system shall correspond to Buy, Hold, and Sell respectively, under the current Stifel investment rating system. For a description of the investment rating system previously utilized by former Thomas Weisel Partners LLC research analysts during the past three years, go to http://stifel.bluematrix.com/docs/html/Thomas-Weisel-r.html The analyst has viewed the material operations of the following company or companies mentioned in this report during a recent site visit. The following company or companies mentioned in this report paid for a portion of the trip: HudBay Minerals Inc.


 Lundin Mining Corporation


This report is intended for distribution to or use by institutional clients only, as the securities of the company or companies mentioned in this report may not be registered in certain states or other jurisdictions and as a result, the securities may not be eligible for sale in some states or jurisdictions. Additionally, the securities of non-U.S. issuers may not be registered with, nor be subject to the reporting requirements of, the U.S. Securities and Exchange Commission. The information contained herein is not an offer to sell or the solicitation of an offer to buy any security in any state or jurisdiction where such an offer or solicitation would be illegal.


 Platinum Group Metals Ltd.


The rating and target price history for Platinum Group Metals Ltd. and its securities prior to July 12, 2010, on the above price chart reflects the research analyst's views while employed at Thomas Weisel Partners LLC, an affiliate of Stifel. Thomas Weisel Partners LLC utilized an investment rating system that was different from the rating system currently utilized at Stifel. For purposes of the company's price chart, Overweight, Market Weight, and Underweight under the Thomas Weisel Partners LLC investment rating system shall correspond to Buy, Hold, and Sell respectively, under the current Stifel investment rating system. For a description of the investment rating system previously utilized by former Thomas Weisel Partners LLC research analysts during the past three years, go to http://stifel.bluematrix.com/docs/html/Thomas-Weisel-r.html The analyst has viewed the material operations of the following company or companies mentioned in this report during a recent site visit. The following company or companies mentioned in this report paid for a portion of the trip: Platinum Group Metals Ltd. Stifel or an affiliate managed or co-managed a public offering of securities for Platinum Group Metals Ltd. in the past 12 months. Platinum Group Metals Ltd. is provided with investment banking services by Stifel or was provided with investment banking services by Stifel or an affiliate within the past 12 months. Platinum Group Metals Ltd. is a client of Stifel or an affiliate or was a client of Stifel or an affiliate within the past 12 months. Stifel or an affiliate has received compensation for investment banking services from Platinum Group Metals Ltd. in the past 12 months.


 PolyMet Mining Corporation


The analyst has viewed the material operations of the following company or companies mentioned in this report during a recent site visit: PolyMet Mining Corporation Stifel makes a market in the securities of PolyMet Mining Corporation. Stifel expects to receive or intends to seek compensation for investment banking services from PolyMet Mining Corporation in the next 3 months.


 Lumina Copper Corporation


This report is intended for distribution to or use by institutional clients only, as the securities of the company or companies mentioned in this report may not be registered in certain states or other jurisdictions and as a result, the securities may not be eligible for sale in some states or jurisdictions. Additionally, the securities of non-U.S. issuers may not be registered with, nor be subject to the reporting requirements of, the U.S. Securities and Exchange Commission. The information contained herein is not an offer to sell or the solicitation of an offer to buy any security in any state or jurisdiction where such an offer or solicitation would be illegal. Stifel expects to receive or intends to seek compensation for investment banking services from Lumina Copper Corporation in the next 3 months.


 Foran Mining Corporation


This report is intended for distribution to or use by institutional clients only, as the securities of the company or companies mentioned in this report may not be registered in certain states or other jurisdictions and as a result, the securities may not be eligible for sale in some states or jurisdictions. Additionally, the securities of non-U.S. issuers may not be registered with, nor be subject to the reporting requirements of, the U.S. Securities and Exchange Commission. The information contained herein is not an offer to sell or the solicitation of an offer to buy any security in any state or jurisdiction where such an offer or solicitation would be illegal. Stifel expects to receive or intends to seek compensation for investment banking services from Foran Mining Corporation in the next 3 months.


 First Quantum Minerals Ltd.


This report is intended for distribution to or use by institutional clients only, as the securities of the company or companies mentioned in this report may not be registered in certain states or other jurisdictions and as a result, the securities may not be eligible for sale in some states or jurisdictions. Additionally, the securities of non-U.S. issuers may not be registered with, nor be subject to the reporting requirements of, the U.S. Securities and Exchange Commission. The information contained herein is not an offer to sell or the solicitation of an offer to buy any security in any state or jurisdiction where such an offer or solicitation would be illegal.


www.bluematrix.com