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:

Josh Wolfson, Eight Capital (7/21/17)
"We recently visited Klondex Mines Ltd.'s Nevada operations. . .we forecast the company is well-positioned to deliver upon its 2017 annual guidance, and over the long term it is seeking to address its short mine lives and increase operating visibility. . .Klondex's premium valuation appropriately reflects upcoming growth and regional exploration prospectivity."

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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Josh Wolfson, Eight Capital (7/19/17)
"Klondex Mines Ltd.'s Q2/17 production results represent a material improvement from Q1/17 and exceeded our expectations. . .in our view, Q2/17 results position the company favorably to achieve corporate full-year production guidance, which was reiterated."

Philip Ker, PI Financial (7/19/17)
"Klondex Mines Ltd. provided a solid production beat for Q2/17, realizing 66,629 oz Au eq versus our target of 62,425 oz Au eq. . .output from Fire Creek exceeded expectations, achieving 373 tpd mined ahead of our target of 325 tpd. . .production at Midas also beat our estimate on the heels of higher head grades."

Heiko Ihle, Rodman & Renshaw (7/19/17)
"Gold equivalent ounces produced by Klondex Mines Ltd. in Q2/17 totaled 66,629 oz, a 94% increase from Q1/17. The large quarter-over-quarter increase was mainly due to a significant increase of production from Fire Creek. . .Q2/17 production at Fire Creek totaled 45,773 oz gold equivalent, a 138% increase over Q1/17 production."

Josh Wolfson, Eight Capital (7/14/17)
"Klondex Mines Ltd. reported an initial Hollister reserve of 110 Koz Au at 18.9 g/t Au and 624 Koz Ag at 107 g/t Ag. In line with expectations, grades improved from the company's recently issued initial resource due to higher cutoff assumptions (gold price of $1,200/oz and silver price of $17/oz versus resource price assumptions of $1,400/oz Au and $19.83/oz Ag)."

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."

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

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
Don Blyth, Analyst – Paradigm Capital
Tara Hassan, Analyst – Raymond James
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
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