KDX:TSX; KLDX:NYSE.MKT

Klondex Mines Ltd.

Klondex Mines Ltd. has just received approval to list on the NYSE MKT exchange under the ticker KLDX, with trading beginning Oct. 7. The company is focusing on the exploration, development and production of its two high-quality gold and silver projects in the mining-friendly jurisdiction of north-central Nevada. The 1200 tpd milling facility is processing mineralized materials from the Midas mine and the Fire Creek project. Midas is fully permitted and has been in operation since 1998. Fire Creek is located ~100 miles south of Midas and is operating an ongoing bulk sampling program that began in 2013. All major infrastructure is in place at Fire Creek.
KDX:TSX KLDX:NYSE.MKT

Expert Comments:

Philip Ker, PI Financial (4/25/16)
"Klondex Mines Ltd. announced its quarterly operating results from its Nevada-based operations, realizing a slight production miss of 30,142 oz Au eq verses our estimate of 33,000 oz Au eq. The quarter was impacted by increased development, which led to lower head grades, particularly at Fire Creek; however, this was offset with significant improvements to the mill throughput, which set a record of 810 tpd during the quarter. . .we continue to remain confident that Klondex can realize a back end loaded year of production after investing heavily into underground development in early 2016."

Andrew Mikitchook, M Partners (4/21/16)
"In our opinion, increased throughput at Fire Creek is the main highlight from Klondex Mines Ltd.'s Q1/16 production results, indicating the ramp-up at Fire Creek could come faster than previously thought. . .Q1/16 financials are expected to be released after market close on May 10. . .we are maintaining our Buy rating and our 12-month target price of CA$5/share."

Jamie Spratt, Clarus Securities (4/20/16)
"Klondex Mines Ltd.'s Q1/16 production of 30 Koz Au eq was in line with our estimated 31 Koz Au eq. . .we expect higher grades and increasing throughput for the remainder of 2016 that should support higher production levels and we maintain a forecast of 149 Koz Au eq for the year. We continue to believe that the company is well positioned to deliver growth in production and free cash flow which is not reflected in the current discount to peers."

Tara Hassan, Haywood Securities (4/14/16)
"This morning, Klondex Mines Ltd. provided an update on the company's exploration and development activities at its Rice Lake mine located in Manitoba. Project development activities continue to advance on schedule and within budget, and Klondex continues to expect to be in a position to announce a production decision in H2/16."

Josh Wolfson, Dundee Capital Markets (4/14/16)
"Klondex Mines Ltd. announced results for 15 holes drilled by the Rice Lake mine's prior owner completed in Q4/14. Drilling targeted the down-dip extension of the 91 vein, identifying significant mineralization in both the footwall and the hanging wall. . .since the company's acquisition of Rice Lake in January 2016, Klondex has been completing refurbishment activities required to recommence production. . .Klondex reiterated its target for a production decision in H2/16 (likely Q4/16)."

Andrew Mikitchook, M Partners (4/6/16)
"Yesterday, Klondex Mines Ltd. released surface and underground drill results from its Fire Creek and Midas mines. . .overall, the Fire Creek results returned a weighted average grade of 6 g/t Au (0.17 oz/t Au) and 6 g/t Ag (0.17 oz/t Ag) over an average length of 1.2 m (3.8 ft). . .the company released another five surface holes targeting the Trinity zone at Midas, which were designed to extend mineralization to the south. Four hit significant mineralization."

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
Sam Crittenden, Research Analyst – RBC Capital Markets
Michael Curran, Managing Director, Research Analyst – Beacon Securities Ltd.
Ryan Hanley – Mackie Research Capital
Tara Hassan, Analyst – Haywood Securities
Frank Holmes, Chairman – U.S. Global Investors
Louis James, Editor – Casey Research
Philip Ker, Mining Analyst – PI Financial
Henk Krasenberg, Chairman – European Gold Centre
Douglass Loud, Executive Director – Axiom Capital
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Derek Macpherson, Analyst
Andrew Mikitchook, Analyst – M Partners
David Morgan, Publisher – Silver Investor
Jeffrey Mosseri, President, Director – Greystone Asset Management, LLC., Axiom Capital
Menal Patel, Analyst – National Bank Financial
Rahul Paul, Research Analyst, Metals and Mining – Canaccord Genuity
Gwen Preston, Founder Resource Maven
Carsten Ringler, Founder – Ringler Research
Jamie Spratt, Analyst – Clarus Securities
Jay Taylor, Author Gold, Energy & Tech Stocks
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