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.

Expert Comments:

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/1/17)
"Klondex Mines Ltd. recently reported it posted a 25% increase in Proven and Probable reserves at True North. The reserve total for the mine stands at 147,900 oz and is based on 7,877 holes totaling 1.5M meters."

Jeff Killeen, CIBC World Markets (5/8/17)
"We see Q3/17 being the first benchmark quarter for Klondex Mines Ltd.'s True North, and processing Hollister bulk sample ore will commence. An updated technical report on Hollister will also be released in Q3/17. . .the company reiterated guidance at all operations with consolidated production guided between 210 and 225 Koz gold."

Josh Wolfson, Eight Capital (5/5/17)
"Klondex Mines Ltd. reiterated 2017 guidance of 210–225 Koz Ag eq. . .we estimate 2017 production of 210 Koz Ag eq. . .the company expects production to be heavily weighted in H2/17 as True North and Hollister ramp up and production at Midas and Fire Creek also increase."

Heiko Ihle, Rodman & Renshaw (5/5/17)
"Overall, Klondex Mines Ltd. reported a total of 57,633 oz gold mined in Q1/17. . .head grades at Fire Creek remained impressive, with 1.19 oz/t at Fire Creek and an overall total of 0.54 oz/t for the company as a whole. . .we also were impressed by the average gold recovery rate of 93.4%, substantially higher than most firms in our coverage universe."

Jamie Spratt, Clarus Securities (5/5/17)
"We believe Klondex Mines Ltd.'s Nevada operations continue to operate well despite the impact of weather which delayed the processing of 29 Koz until Q2/17. We are encouraged by the catch-up in production in April which saw the processing of 25 Koz for the month, putting the company back on track to meet our production estimates for the year."

Philip Ker, PI Financial (5/3/17)
"In today's update, Klondex Mines Ltd.'s management noted several initiatives which have been completed in 2017 including underground rehab and development, repairing and replacing underground services, and mine equipment repairs. These advancements along with ~15,000 ft of infill drilling within the Gloria zone have Hollister on the verge of becoming a key contributor to the company's global production profile."

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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An updated mineral resource for Klondex's True North project that increases the Measured and Indicated resource by 32% and the Inferred by 45% caught the attention of several analysts.
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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 – Raymond James
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
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, Precious Metals Analyst – Eight Capital

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