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:

Stuart McDougall, M Partners (11/17/16)
"Klondex Mines Ltd. released what we view as positive underground delineation drill results from the True North mine in Manitoba. . .based on the results, the company believes that both the 710 and 711 zones extend beyond currently known limits and that the Cohiba zone continues at depth. . .highlights include 1.8m grading 32.7 g/t Au in the 711 zone; 1.5m grading 42.4 g/t Au in the 711 zone. . .KDX is following up the results and refining its 2017 mine plan on the basis of the results."

Brian Quast, BMO Capital Markets (11/10/16)
"Klondex Mines Ltd. reported drill results from its Fire Creek Mine in Nevada; surface and underground drilling provided some positive results, suggesting the continuation of known veins as well as additional mineralized areas on the wider Fire Creek property. . .underground drilling to test the extensions of the known veins, especially vein 16 and vein 9, returned high-grade intercepts. The drilling extended Vein 16 267m to the south and 53m vertically; Vein 9 was extended 31m to the north with this drilling."

Philip Ker, PI Financial (11/10/16)
"Klondex Mines Ltd. continues to encounter exceptional high-grade assays from primary vein structures within close proximity to existing mine infrastructure. . .highlight intervals from underground include; 12.11oz/t over 5.1’(Joyce) and 6.71oz/t over 5.0’ (Hui Wu). . .we note these assays occur outside of the recently updated resource/reserve estimate and provide for future replacement of depletion and mine life extension. . .we are expecting significant capital outlays in 2017 for development and drilling programs. . .we remain NEUTRAL on shares of Klondex Mines and maintain our $6.85/sh target price."

Stuart McDougall, M Partners (11/10/16)
"Klondex Mines Ltd. announced a new discovery approximately 1.2km west of the Fire Creek mine in Nevada; surface hole FCC0-0020 targeted a nearly 2-km long geophysical anomaly, intersecting 3.0m grading 18.01 g/t and 11.45 g/t Ag. . .higher-grading sub-intervals are noted, with the first 1.1m grading 32.50 g/t Au and 18.00 g/t Ag. . .the extent of the coincident anomaly and reference to other geophysical anomalies are positive indications of the project's blue-sky potential. . .we are maintaining our BUY recommendation and 12-month target price of C$8.50/share."

Philip Ker, PI Financial (11/10/16)
"Klondex Mines Ltd. continues to encounter exceptional high-grade assays from primary vein structures within close proximity to existing mine infrastructure. Step-out intercepts across the Joyce and Hui Wu veins have the opportunity to possibly work in to the operations mine plan in 2017. . .we are expecting significant capital outlays in 2017 for development and drilling programs. . .we maintain our $6.85/sh target price."

Jeff Killeen, CIBC World Markets (11/8/16)
"Klondex Mines Ltd.quarterly results are roughly in line with estimates and, given cost guidance remains unchanged, we think the read-through is KDX has set up to post a strong Q4 that will reflect increased production and lower costs. . .some concern around costs may linger but the general trajectory of operations for Q4 should see the stock continue to perform in line with peers. . .we await further guidance surrounding management's plans for the Hollister mine as the primary catalyst for the stock going forward."

Paradigm Capital's top picks for Q3/16 include gold and zinc mining companies with upcoming catalysts worthy of investors' attention.
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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 – Haywood Securities
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)
Derek Macpherson, VP Mining Analysis – Red Cloud Klondike Strike Inc.
Stuart McDougall, VP Research Analyst – Jennings Capital
Andrew Mikitchook, Analyst – M Partners
David Morgan, Publisher – Silver Investor
Brian Quast, Analyst – BMO Capital Markets
Nana Sangmuah, Research Analyst, Precious Metals – Clarus Securities
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