Klondex Mines Ltd.

Klondex Mines Ltd. 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.

Expert Comments:

Derek Macpherson, M Partners (6/18/15)
"Klondex Mines Ltd. announced it has received the water pollution control permit for its Fire Creek project located in Nevada. This state permit is important because it removes the 120 Kt production cap from the mine, allowing production to ramp up. . .this permit not only derisks our future estimates but 2015 guidance as well."

Jamie Spratt, Clarus Securities (6/18/15)
"Klondex Mines Ltd. announced the receipt of the notice of decision for the Water Pollution Control Permit (WPCP) for the Fire Creek project from the Nevada Division of Environmental Protection. In our view, the receipt of the WPCP is a positive derisking milestone enabling the ramp-up of operations to increase utilization of the Midas mill that is currently operating at ~50% of its 1,200 tpd capacity."

Barry Allan, Mackie Research Capital (6/18/15)
"Early Thursday morning, Klondex Mines Ltd. announced that the company had received the Notice of Decision for the Water Pollution Control Permit, with the final permit expected to be received by the end of June. The Notice of Decision removes the tonnage cap from Fire Creek, which had previously limited mining to a maximum of 35 Kt/year ore and a maximum of 120 Kt over the life of the project."

Henk Krasenberg, European Gold Centre (5/27/15)
"Klondex Mines Ltd. reported its latest drill results from the Fire Creek project. . .they do clearly demonstrate the high-grade nature of the deposit, which is growing into a significant second source of feed to the mill at its Midas mine. . .it also confirms that the company is a winner, beating the trend of the gold markets, a stock to own!"

Jamie Spratt, Clarus Securities (5/21/15)
"Drill results from 19 underground holes at Klondex Mines Ltd.'s Fire Creek focused on the Hui Wu and Joyce veins were positive and exhibited exceptionally high grades (461 g/t Au eq, 174 g/t Au eq and 2,195 g/t Au eq). We believe these results are supportive of our view that drilling near existing infrastructure should continue to support further reserve and resource growth."

Josh Wolfson, Dundee Capital Markets (5/21/15)
"Klondex Mines Ltd. reported 19 drill holes from 2015 Fire Creek exploration, which targeted extensions to the north of both the Hui Wu vein, which is not included in the mine plan and accounts for a negligible portion of resources (4 Koz Au eq at 0.45 oz/t), and the Joyce vein, which accounts for 31% of reserves (76 Koz Au eq at 0.83 oz/t). In our view, material upside has been identified at Hui Wu, where the north indicates a significantly stronger and larger zone of mineralization than our prior interpretation."

More Expert Comments

Experts Commenting on 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
Doug Casey, CEO / Chair – Casey Research
Jeff Clark, Senior Editor – Casey Research
Sam Crittenden, Research Analyst – RBC Capital Markets
Tara Hassan, Analyst – Haywood Securities
Frank Holmes, Chairman – U.S. Global Investors
Tommy Humphreys, Author – CEO.CA
Louis James, Analyst – Casey Research
Philip Ker, Mining Analyst – PI Financial
Henk Krasenberg, Chairman – European Gold Centre
Pierre Lassonde, President – Franco-Nevada Corp.
Thibaut Lepouttre, Editor Caesars Report
Douglass Loud, Executive Director – Greystone Asset Management, LLC.
Derek Macpherson, Analyst – M Partners
Jeffrey Mosseri, President – Greystone Asset Management, LLC.
Björn Paffrath, Director – Stabilitas-Fonds
Lawrence Roulston – Metallica Development Fund Ltd., Quintana Resources Capital ULC
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
Jamie Spratt, Analyst – Clarus Securities
Jay Taylor, Author Gold, Energy & Tech Stocks
Oliver Turner – GMP Securities
Josh Wolfson, VP, Senior Analyst Gold & Precious Metals – Dundee Capital Markets

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
Free Cash Flow From Operations
High Gold Grades
Low Cash Costs
Klondex Mines Ltd. Content