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 (7/23/15)
"Klondex Mines Ltd. released Q2/15 production results that came in ahead of our estimates. The company produced 33.1 Koz Au eq, 17% higher than our estimate of 28.4 Koz Au eq. The results were driven by a combination of higher silver grades at 8 oz/t Ag (275 g/t Ag) versus our estimate of 4.7 oz/t Ag (162 g/t Ag) during the quarter. . .we view Q2/15 operating results positively, as they continue to highlight management's ability to execute at these high-grade, narrow vein underground mines."

Canaccord Genuity's Morning Coffee (7/23/15)
"Klondex Mines Ltd. reported its Q2 FY/15 operational results from its Midas mine and Fire Creek project. The news was a welcomed relief to investors on an otherwise down day. . .in a sector that is hitting all-time-lows, Klondex has outperformed this year, trading up ~54% year to date."

Philip Ker, PI Financial (7/22/15)
"Klondex Mines Ltd. announced better-than-expected production for Q2/15, realizing recovered gold and silver of 26,552oz and 472,473oz, respectively leading to record quarterly sales of 34,188oz Au eq. This is a beat to our estimate of ~30,350oz Au eq sold and led to management increasing guidance. . .the company continues to deliver on all fronts of its operations. . .and we continue to remain confident that Klondex's exploration and development efforts over 2015 will lead to further discoveries and conversion of resources to reserves and look forward to an updated resource estimate in Q3/15."

Jamie Spratt, Clarus Securities (7/22/15)
"Klondex Mines Ltd.'s Q2/15 operating results were solid, with Au eq production of 33 Koz beating our estimate of 30 Koz. . .we believe that the company offers a unique mix of low-cost production, growing free cash flow (FCF) and credible management. Klondex is one of a handful of gold producers that can generate FCF at $1,000/oz gold."

Hard Asset Investments, Seeking Alpha (7/17/15)
"Klondex Mines Ltd. is a best-in-class junior gold mining company. Its share price has risen nearly 45% year to date, despite a drop in the gold price. . .the company has a strong balance sheet, produces gold at low costs and has exploration upside at its properties. I think shares are a buy."

Sam Crittenden, RBC Capital Markets (7/16/15)
"Klondex Mines Ltd. remains a preferred name, as above-average grades allow for the rare combination of production growth and free cash flow yield at current gold prices. We see further share price upside as the mines ramp up to full potential over the next 2–3 years, despite the strong year-to-date performance (+60%). . .we have rolled forward our price target calculation to 2016, which increases our price target to CA$4.00 from CA$3.50."

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, Director – Greystone Asset Management, LLC., Axiom Capital
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