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:

Philip Ker, PI Financial (11/16/17)
"The success of up and down dip extensions of key veins such as the Karen, Joyce and Honeyrunner veins continue to demonstrate the potential for mine life and resource expansion at Klondex Mines Ltd.'s Fire Creek. . .drilling has returned positive, high-grade intercepts within the Zeus structure, which now has known dimensions of 650 ft along strike, 400 ft of vertical extent and remains open."

Steve King, M Partners (11/16/17)
"Klondex Mines Ltd.'s surface drill program at Zeus returned multiple high-grade gold-silver intervals. Underground drilling on the production veins at Fire Creek extends high-grade mineralization beyond the current resource envelope."

Jake Sekelsky, ROTH Capital Partners (11/16/17)
"Klondex Mines Ltd.'s Zeus target, formerly referred to as the West zone, is located approximately 4,000 ft west of current workings at Fire Creek; we highlight hole FCC-0092, which returned 1.27 oz/t over 14 ft including 8.25 oz/t over 1.7 ft. In our view, holes such as this serve as evidence that the program has uncovered significant additional high-grade mineralization outside of the existing areas being mined at Fire Creek."

BMO Capital Markets (11/14/17)
"Klondex Mines Ltd. reported consolidated production of 40.8 Koz Au eq in Q3/17. . .annual guidance has been maintained, but the anticipated blend of production has changed. . .we anticipate a large Q4/17 production from the company."

Jamie Spratt, Clarus Securities (11/13/17)
"In our view, Klondex Mines Ltd.'s progress at True North and Hollister indicate that a corner has been turned, and investors should be getting positioned to benefit from a rerating of the stock in the coming quarters. . .in our view, the stock is significantly oversold and presents a buying opportunity. . .we maintain our Buy rating."

Philip Ker, PI Financial (11/10/17)
"Klondex Mines Ltd. management has maintained its corporate guidance at 213–230 Koz Au eq for 2017. . .with an abundance of catalysts on the horizon, we view this as an opportune time to add to or take a position in shares of the company. . .our Top Pick and Buy rating remain unchanged."

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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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.
read more >

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
Steve King, Analyst – M Partners
Justin Kinney – Stifel
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Stuart McDougall, VP Research Analyst – Jennings Capital
David Morgan, Publisher – The Morgan Report
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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The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

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Investing Highlights
Free Cash Flow From Operations
High Gold Grades
Low Cash Costs