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:

Jake Sekelsky, ROTH Capital Partners (10/4/17)
"Klondex Mines Ltd. has been focused on acquiring underperforming assets with a goal of applying past knowledge and underground mining expertise to operations. We are supporters of this acquisition strategy as the purchase of past-producing sites affords luxuries such as permits and a suite of existing infrastructure—saving both time and capital with respect to bringing a given project back online. . .Since acquiring the Midas Mine and Mill from Newmont, Klondex acquired two additional underperforming assets—True North and Hollister. . .In our view, the company's success at Midas and Fire Creek substantiates our belief that the company can realize the full potential of True North and Hollister."

Brien Lundin, Gold Newsletter (Jefferson Financial) (10/1/17)
"Klondex Mines Ltd. released impressive assays from ongoing drilling to expand the known resources on its Midas and Fire Creek mines in Nevada. . .this company is still a robust, midtier gold producer, one that should do well in the gold bull market I see ahead."

A PI Financial analyst reported how a recent visit to the Nevada operations of this precious metals company changed his outlook on it.
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Philip Ker, PI Financial (9/19/17)
"We returned positive from a site visit in Nevada as Klondex Mines Ltd.'s Hollister demonstrated considerable upside with an expected increase in head grades, declining costs as a result of successful long-hole stoping and exploration potential at Hatter Graben. . .positive takeaways have led us to have a more favorable long-term view of Hollister and resulted in improved valuation metrics for the company."

Heiko Ihle, H.C. Wainwright & Co. (9/19/17)
"From Sept. 13 to 15, 2017, we participated in a tour of the Nevada operations owned by Klondex Mines Ltd. . .we walked away from the trip with a better understanding of the company's operations. . .overall, we expect the Nevada operations to continue to outperform, which should help to maintain profitability in H2/17."

Jamie Spratt, Clarus Securities (9/19/17)
"We believe the performance of Klondex Mines Ltd.'s stock has been negatively impacted by perceived execution risk with two mines currently in development. However, we believe that the stage is set for a significant rerating over the next several quarters with the successful ramp-up of [Hollister and True North] and continued execution at Fire Creek."

Steve King, M Partners (9/15/17)
"Klondex Mines Ltd. has received assays for 165 holes (38,929m) from the 2017 underground drill program at Fire Creek. . .drilling successfully extended the majority of production veins along strike and updip. . .these results will continue to support the high-grade resource and near- to mid-term production profile at Fire Creek."

Preliminary Q2 operating results show production up 94% and sales up 107%, a record for this company's Nevada and Canadian mines, news that was noted by a trio of industry analysts.
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More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Frank Holmes, Chairman – U.S. Global Investors
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Philip Ker, Mining Analyst – PI Financial
Jeff Killeen, Analyst – CIBC World Markets
Justin Kinney – Stifel
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
Jake Sekelsky, Analyst – ROTH Capital Partners
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