Our Q216 Top Picks outperformed the S&P/TSX Small Cap Index, the S&P/TSX Venture Index, and the S&P/TSX Composite Index in the second quarter of 2016.

PI’s Top Picks generated a 30%* return in Q216 compared to a 17% increase on the S&P/TSX Small Cap Index, a 26% increase on the S&P/TSX Venture Index and a 4.2% increase on the S&P/TSX Composite Index.

Our strongest performers in Q216 were Auryn Resources (V-AUG) up 96% on acquisition announcement of its Huilacollo/Curibaya projects in Peru and Homestake Ridge project in British Columbia and B2Gold Corp. (T-BTO; MKT-BTO) up 50% on strong operating results including record quarterly production at Masbate. These gains outperformed both the Junior Gold Miners Index which was up 53% and the Global Gold Index which was up 38% in the quarter.

These returns are summarized on page 3 of our report – along with our return calculation.

Third Quarter 2016 Top Picks

Auryn Resources Inc. (V-AUG)
Rating: BUY; Target: $3.35

B2Gold Corp. (T-BTO; MKT-BTG)
Rating: BUY; Target: $4.00

High Arctic Energy Services Inc. (T-HWO)
Rating: BUY; Target: $7.50

Premium Brands Holdings Corp. (T-PBH)
Rating: BUY; Target: $62.00

Pure Technologies (T-PUR)
Rating: BUY; Target: $7.50

Jaguar Mining Ltd. (V-JAG)
Rating: BUY; Target: $0.80

TIO Networks Corp. (V-TNC)
Rating: BUY; Target: $3.35

We look forward to discussing our Top Picks with you