KDX:TSX; KLDX:NYSE.MKT

Klondex Mines Ltd.

Klondex Mines Ltd. is on the path to building a leading integrated gold and silver producer focused in North Central Nevada. The company is producing from its Midas mine, and operating an ongoing bulk sampling program at its Fire Creek high-grade gold project. Midas, Klondex’s newly acquired operating mine and milling facility are located ~100 miles north of Fire Creek. Klondex’s secondary focus is acquiring, exploring and developing other gold and silver properties in Nevada. Currently Klondex has three other gold exploration properties, and it reviews and considers other projects for inclusion.
KDX:TSX KLDX:NYSE.MKT

Expert Comments:

Josh Wolfson, Dundee Capital Partners (2/8/17)
"Klondex Mines Ltd. reported 41 drill results completed at its Fire Creek mine in Nevada (71% of NAV). . .overall results are consistent with historical exploration success. From 110 intercepts reported across 41 released drill results, we calculate a weighted average result of 26.6 g/t Au eq over 1.29m. . .the company notes that drilling in two areas has the potential to generate high-grade resources."

Philip Ker, PI Financial (2/7/17)
"At Klondex Mines Ltd.'s Fire Creek, results from drilling at vein 31, Honeyrunner and Karen intersected high-grade mineralization over much wider than normal widths than typically seen in previous expansion drilling. Highlight intervals of 0.84 oz/t over 33 ft and 0.45 oz/t over 53.8 ft confirm lateral continuity and suggest that these structures may converge into a wide zone of mineralization outside of existing resources and mine workings."

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/1/17)
"Klondex Mines Ltd.'s management has set full-year 2017 guidance at between 210 and 225 Koz gold equivalent. . .production stories, like the company's, look likely to perform well again this year as they did in the early part of last year."

Jamie Spratt, Clarus Securities (1/25/17)
"Klondex Mines Ltd. announced encouraging high grade drill results from underground drilling at its True North mine that extended the 710 zone up-dip and 711 zone down-dip. . .drilling also resulted in a new discovery in the 007 zone, which has a current global resource of 103koz. . .our thesis continues to be that KDX offers best in class production growth, low cost production and a solid management execution track record. . .KDX trades at 5.8x 2018E P/CF, a ~15% discount to junior producer peers trading at an average 7.0x. . .we maintain our BUY rating."

Stuart McDougall, M Partners (1/25/17)
"Klondex Mines Ltd. released what we view as more positive underground delineation and stepout drill results from its True North underground gold mine in Manitoba. . .the latest batch, representing 18 holes, targeted down-dip extensions to the 007, 710 and Cohiba zones, as well as up and down-dip extensions to the 711 zone. . .results from the 007 zone are particularly encouraging because they confirm that zone continues beyond the Shoreline Basalt, into the historic San Antonio mine unit. . .KDX announced updated reserves and resources for True North, reporting Proven and Probable Reserves of ~320,000 tonnes."

Philip Ker, PI Financial (1/25/17)
"Klondex Mines Ltd. mines provided positive exploration results from its True North operation in Manitoba where drilling confirmed up and down dip extensions of known mineralized zones. . .furthermore, a significant discovery was made at depth drilling down-dip of the 007 zone where an intercept of 0.36oz/t over 15ft was cut 541m east of workings on the 26L and 651m below the current 007 decline. . .we are now confident in drill results established since True North’s last resource update and foresee Klondex achieving growth across all categories in excess of depletion."

The release of Klondex Mines' full-year and fourth-quarter numbers for 2016, as well as limited guidance for 2017, prompted commentary by analysts following the company's operations in both the United States and Canada.
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More Expert Comments

Experts Following This Company

Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Don Blyth, Analyst – Paradigm Capital
Tara Hassan, Analyst – Haywood Securities
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Philip Ker, Mining Analyst – PI Financial
Jeff Killeen, Analyst – CIBC World Markets
Chen Lin What Is Chen Buying? What Is Chen Selling?
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Stuart McDougall, VP Research Analyst – Jennings Capital
Andrew Mikitchook, Analyst – M Partners
David Morgan, Publisher – The Morgan Report
Brian Quast, Analyst – BMO Capital Markets
Nana Sangmuah, Research Analyst, Precious Metals – Clarus Securities
Jamie Spratt, Analyst – Clarus Securities
Josh Wolfson, VP, Senior Analyst Gold & Precious Metals – Dundee Capital Markets

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
Free Cash Flow From Operations
 
High Gold Grades
 
Low Cash Costs