Sector Expert: Philip Ker

PI Financial

Image: Philip Ker

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 holds a Master of Business Administration degree in finance at the University of Alberta and also completed a Bachelor of Science degree in geology.



Recent Interviews

Why Miners with Positive Cash Flow Deserve Your Attention: Philip Ker (3/2/15)
Faucet of gold

Cash flow. Cash Flow. Cash flow. That's where investors should focus in 2015, says Philip Ker, mining analyst with PI Financial. Ker says that Canadian and Mexican gold producers are generating greater cash flow owing to a stronger U.S. greenback and more finely tuned mine plans. In this interview with The Gold Report, he shares his top stock pick for 2015 and some equity stories that could unlock further shareholder value with the drill bit.

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.

Recent Quotes

"KDX's record quarter of production in Q2/17 yielded >66 Koz Au eq."

— Philip Ker, PI Financial (8/10/17)
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"We are initiating coverage on RPM, highlighting its transformational Florida Canyon acquisition where the company is on the cusp of declaring commercial production in Q3/17."

— Philip Ker, PI Financial (7/26/17)
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"KDX provided a solid production beat for Q2/17."

— Philip Ker, PI Financial (7/19/17)
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"BAR's final assay results continue to support expansion opportunities."

— Philip Ker, PI Financial (7/12/17)
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"BAR commenced its exploration campaign across the Detour Gold trend."

— Philip Ker, PI Financial (6/27/17)
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"Hollister is about to become a key contributor to KDX's production."

— Philip Ker, PI Financial (5/3/17)
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"Increased operations at MAG's Deep zone to 4,000 tpd appear likely."

— Philip Ker, PI Financial (4/11/17)
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"BAR expanded its winter drilling from 7,000ľ8,000m to 10,000m."

— Philip Ker, PI Financial (4/10/17)
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"Drill results are growing the known vein systems at KDX's Fire Creek."

— Philip Ker, PI Financial (2/24/17)
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"MAG announced very positive assay results from the Deep zones."

— Philip Ker, PI Financial (2/22/17)
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"KDX provided positive underground drilling results from Fire Creek."

— Philip Ker, PI Financial (2/7/17)
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"With another discovery outlined at Martiniere, BAR is expanding its mineralized footprint across the property."

— Philip Ker, PI Financial (2/2/17)
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"BAR continues to hit these high-grade zones while continuing to step-out and better define known mineralized systems at Martiniere."

— Philip Ker, PI Financial (2/2/17)
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"We foresee KLDX achieving growth across all categories in excess of depletion."

— Philip Ker, PI Financial (1/25/17)
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"We have redefined and increased our estimated resource target at BAR's Martiniere from 1.25 Moz to 2 Moz."

— Philip Ker, PI Financial (1/23/17)
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"Given the high-grade nature of Fire Creek and the potential of Hollister coming on-line sooner than anticipated, KDX could potentially see production above its current guidance."

— Philip Ker, PI Financial (1/19/17)
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"BAR has the opportunity to continue expanding its known zones of mineralization and possibly make additional discoveries."

— Philip Ker, PI Financial (1/11/17)
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"We believe it's time again for investors to begin buying BAR."

— Philip Ker, PI Financial (12/12/16)
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"We are impressed with the project developments across Martiniere and highlight that BAR continues to discover additional gold occurrences across its property."

— Philip Ker, PI Financial (11/22/16)
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"MAG and its JV partner Fresnillo are charging ahead into 2017 with solid advancements."

— Philip Ker, PI Financial (11/16/16)
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"KLDX continues to encounter exceptional high-grade assays from primary vein structures within close proximity to existing mine infrastructure."

— Philip Ker, PI Financial (11/10/16)
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"KDX continues to encounter exceptional high-grade assays from primary vein structures within close proximity to existing mine infrastructure."

— Philip Ker, PI Financial (11/10/16)
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"With the addition of the True North Mine, we expect KDX to add ~50,000 oz of annual gold production to its profile in 2017."

— Philip Ker, PI Financial (11/4/16)
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"KDX's Fire Creek exceeded our expectations with head grades of 0.97 oz/t gold."

— Philip Ker, PI Financial (10/17/16)
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"We highlight that BAR continues to discover additional gold occurrences across Martiniere."

— Philip Ker, PI Financial (10/17/16)
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"After review of the project and a small initial resource to work with, we are now believers in KDX's True North asset."

— Philip Ker, PI Financial (9/15/16)
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"Wide intervals of gold mineralization encountered at BAR's Bug South add another near-surface deposit and expand the potential across the Martiniere property."

— Philip Ker, PI Financial (9/7/16)
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"We anticipate KDX's Hollister becoming a strong complement to high grade ore coming from Fire Creek and foresee Klondex realizing production in 2017 at a 200tpd rate."

— Philip Ker, PI Financial (8/25/16)
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"BAR's joint venture intersected high-grade mineralization at its Northshore property."

— Philip Ker, PI Financial (8/22/16)
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"MAG's Deep Zone has sufficient grades to be economic and could provide significant mine life longevity to an already attractive world class deposit."

— Philip Ker, PI Financial (8/15/16)
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"Increasing gold grades combined with more effective mining control is leading NMI's success."

— Philip Ker, PI Financial (7/13/16)
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"We continue to remain confident that KDX can achieve guidance with its back-end loaded year of production."

— Philip Ker, PI Financial (7/13/16)
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"We maintain our view that KDX's management can meet its target."

— Philip Ker, PI Financial (7/4/16)
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"NMI confirmed positive results today from 57 underground drill holes."

— Philip Ker, PI Financial (6/28/16)
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"KDX provided an update on its Canadian Operations which they have now rebranded as the True North Gold Mine."

— Philip Ker, PI Financial (6/15/16)
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"BAR announced a bought deal private placement of C$6M on a flow-through basis. "

— Philip Ker, Haywood Securities (6/14/16)
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"With stellar grades, Maud Creek offers solid opportunity for NMI to rapidly payback the project's initial capex."

— Philip Ker, PI Financial (5/16/16)
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"We maintain our view that KDX's management can meet its target of 145-150 Koz Au eq."

— Philip Ker, PI Financial (5/11/16)
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"NMI continues to deliver high-grade drilling results from its surface and underground drilling efforts at Fosterville."

— Philip Ker, PI Financial (5/9/16)
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"NMI's flagship Fosterville operation was highlighted with record head grades of 7.34 g/t."

— Philip Ker, PI Financial (4/29/16)
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"KDX made significant improvements to mill throughput, which set a record of 810 tpd during Q1/16."

— Philip Ker, PI Financial (4/25/16)
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"NMI is in a solid financial position to fund its assortment of organic growth opportunities."

— Philip Ker, PI Financial (4/12/16)
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"TMM is expected to benefit from the recent increase in gold prices."

— Philip Ker, PI Financial (3/17/16)
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"We consider BAR's Grasset project to be in a class of its own."

— Philip Ker, PI Financial (3/7/16)
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"NMI announced in-line Q4/15 earnings results."

— Philip Ker, PI Financial (3/7/16)
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"Development at MAG's Juanicipio continues to progress steadily."

— Philip Ker, PI Financial (2/18/16)
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"NMI intends to force a redemption for its convertible debentures."

— Philip Ker, PI Financial (2/12/16)
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"NMI announced further positive drill results from Stawell's Aurora B target."

— Philip Ker, PI Financial (1/26/16)
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"KDX's total 2015 results were in line with expectations."

— Philip Ker, PI Financial (1/20/16)
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"NMI reported in-line Q4/15 production results."

— Philip Ker, PI Financial (1/19/16)
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"We are initiating coverage of NMI with a Buy rating."

— Philip Ker, PI Financial (1/13/16)
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"MAG and its joint venture partner continue construction of Juanicipio."

— Philip Ker, PI Financial (1/11/16)
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"KDX continues to be one of the sector darlings."

— Philip Ker, PI Financial (1/11/16)
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"We see future value and deposit expansion from BAR's Grasset."

— Philip Ker, PI Financial (1/11/16)
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"KDX will acquire a turnkey Rice Lake asset at a fraction of book value."

— Philip Ker, PI Financial (12/18/15)
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"KDX announced a 32% increase in gold reserves at Fire Creek."

— Philip Ker, PI Financial (12/4/15)
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"BAR announced positive drill results at the H3 zone on Grasset."

— Philip Ker, PI Financial (11/16/15)
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"TMM announced positive drill results at its Ana Paula project."

— Philip Ker, PI Financial (11/13/15)
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"KDX announced in-line earnings of $0.03/share for Q3/15."

— Philip Ker, PI Financial (11/12/15)
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"KDX announced in-line production results for Q3/15."

— Philip Ker, PI Financial (10/23/15)
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"Ore from BAR's Grasset project can generate a high-grade concentrate."

— Philip Ker, PI Financial (10/2/15)
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"TMM's El Sauzal acquisition is expected to reduce capex by $40ľ60M."

— Philip Ker, PI Financial (9/25/15)
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"KDX continues to see increases in gold ounces from its drill efforts."

— Philip Ker, PI Financial (9/16/15)
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"BAR reported assay results that extend Grasset's H3 zone at depth."

— Philip Ker, PI Financial (9/8/15)
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"Given the sector's state, the most attractive M&A target would be MAG."

— Philip Ker, PI Financial (9/2/15)
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"We believe BAR's Bug Lake target may contain grades that could support a stand-alone operation."

— Philip Ker, PI Financial (8/27/15)
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