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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 (3/30/15)
"Klondex Mines Ltd.'s Fire Creek gold grades may be higher than reported. . .higher grades would have a meaningful impact long-term. . .the market may recognize this opportunity progressively. . .as the company may consistently deliver better-than-expected grades from Fire Creek. . .Klondex reported Q4/14 and fully-year 2014 financial results that we would characterize as another good quarter. . .with another solid quarter of operations behind it, we believe Klondex is another step closer to narrowing the valuation gap with peers. We maintain our Buy rating and are increasing our 12-month target price to CA$4.75 per share (was CA$4.25)."

Derek Macpherson, M Partners (3/25/15)
"Klondex Mines Ltd.'s revenue for Q4/14 was in line with expectations at $44.6M (estimate $44.1M). . .EPS came in ahead of estimates at $0.07 (estimate $0.05, consensus $0.03). . .the company's year-end cash balance was $52.8M, in line with our $52.5M estimate. . .our long-term view on Klondex remains essentially unchanged."

"One company doing the right things is Klondex Mines Ltd. It was up 29% in 2013, while the Market Vectors Junior Gold Miners ETF was down 61%. In 2014, Klondex was up 21%, while the Market Vectors Junior Gold Miners ETF was down 23%." read more >

Jamie Spratt, Clarus Securities (3/23/15)
"Klondex Mines Ltd. is an undervalued low-cost gold producer with major growth potential from its Midas and Fire Creek projects in Nevada. We believe that low-cost production, significant free cash flow generation and major growth opportunities uniquely position the company to create shareholder value. We are initiating coverage with a target price of CA$3.50 and a Speculative Buy rating. . .we believe that Klondex has the rare advantage of being able to prosper at $1,000 gold with major growth opportunities ahead. . .Klondex provides a compelling investment opportunity."

"The nice thing about most of the juniors is they're not leveraged. It's just their assets have gone down in relative value. Klondex Mines Ltd. is a great company. Franco-Nevada has done its due diligence and gave its good housekeeping seal of approval to Klondex's Midas mine. The intellectual capital is very strong at Klondex, and the company is very frugal. That is why it is in our Top 10 holdings." read more >

Thibaut Lepouttre, Caesars Report (3/18/15)
"Klondex Mines Ltd. has announced an updated resource estimate (after completing an additional 272 drill holes) at Fire Creek, which should underpin its longer-than-expected mine life. . .it does seem like the company's acquisition of the Fire Creek project was a golden move and its shareholders could benefit tremendously as the economics of Fire Creek are very robust."

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Investing Highlights
 
Free Cash Flow From Operations
 
High Gold Grades
 
Low Cash Costs
Klondex Mines Ltd. Content