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:

Jeff Killeen, CIBC World Markets (3/27/17)
"This year is expected to see production ramp up at Klondex Mines Ltd.'s True North and first gold from a bulk sampling program at the Hollister mine. We estimate a ~38% increase in production this year. . .at spot gold we estimate that the company will be free cash flow positive in 2017. . .a mine plan and resource update for Hollister is scheduled for Q2/17 and could be the next catalyst for Klondex shares."

Heiko Ihle, Rodman & Renshaw (3/27/17)
"During 2016, Klondex Mines Ltd. sold 138,516 oz gold and over 1.4 Moz silver for a total of 159,118 oz gold equivalent ounces. . .the company reported 2016 revenue of $198.2M, beating our full year revenue estimate of $189.5M. In addition to reporting record revenue for 2016, Klondex continued to execute on its strategy to focus on growth."

Jamie Spratt, Clarus Securities (3/24/17)
"We believe that Klondex Mines Ltd. is well positioned to deliver a compelling production growth profile by the addition of the True North and Hollister mines expected to drive production toward 300 Koz by 2018. . .our thesis continues to be that the company offers best-in-class production growth, low cost production and a solid management execution track record."

Josh Wolfson, Eight Capital (3/14/17)
"Klondex Mines Ltd. will be reporting Q4/16 annual financial results and 2017 guidance on Wednesday, March 15 after market close. . .the company previously reported Q4/16 gold equivalent production of 52 Koz, which includes 43 Koz from the Nevada operations and 8 Koz from True North. . .for the full year, Klondex produced 150 Koz gold equivalent in Nevada, at the high end of guidance for 145-150 Koz gold equivalent."

Brien Lundin, Gold Newsletter (Jefferson Financial) (3/1/17)
"Klondex Mines Ltd. released some nice assays from underground drilling on its Fire Creek mine in Nevada. Highlights included hole 714 (96.96 oz/t over 1.7 ft), hole 692 (1.47 oz/t over 8 ft), hole 689 (1.08 oz/t over 18.3 ft), hole 709 (0.84 oz/t over 33 ft) and hole 716 (0.45 oz/t over 53.8 ft). . .[these assays] have the ability to grow the resource come the next estimate."

Jamie Spratt, Clarus Securities (2/27/17)
"Klondex Mines Ltd. announced encouraging high-grade drill results from its 9,000m (18 hole) 2016 surface drilling at its Fire Creek mine. . .the results are confirmatory of the district-scale potential that exists at the Fire Creek project. We are encouraged by drilling results that have defined multiple structures with significant strike length and vertical extent which sit to the west, east and north of existing resources."

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 – 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
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