Klondex Mines Ltd.

Klondex Mines Ltd. has just received approval to list on the NYSE MKT exchange under the ticker KLDX, with trading beginning Oct. 7. The company 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:

"Klondex Mines Ltd. has performed quite well. It has a strong balance sheet and it might be interested in going after something that would fit its underground gold mining expertise. . .the company has always been a favorite. We've visited Midas and Fire Creek in Nevada several times over the last five years. Klondex has a good balance sheet, and management continues to execute at its two high-grade assets, which continue to generate free cash flow. . .the key for the Klondex story is what it's going to go after next. We expect it to look at assets in North America, especially high-grade underground gold projects because that's where the company can leverage its expertise." read more >

Rahul Paul, Canaccord Genuity (11/19/15)
"Klondex Mines Ltd.'s Q3/15 earnings per share was in-line with consensus but slightly below our estimate although cash flow per share beat consensus and our expectations. . .we maintain our Buy rating as the company remains one of the most defensive gold producers under our coverage thanks to a strong, debt-free balance sheet and extremely high grade driving excellent earnings before interest, tax, depreciation and amortization deductions and free cash flow margins. In addition, we believe management has done an excellent job executing on stated strategy."

"Klondex Mines Ltd. [Klondex recently received approval to list on the NYSE Market exchange. Will that bring it greater visibility to U.S. investors?] Klondex already has pretty good visibility because U.S. investors love investing in assets that are in their country, and Klondex's assets are all in Nevada. But having a U.S. listing will certainly not hurt the company. But most U.S. shareholders are comfortable owning stocks that list in Canada. . .I haven't really viewed that company as a big takeover candidate because it's on the small side, even if its operating costs continue to be rather low. If it can keep those operating costs low, Klondex will remain an attractive target for established producers because they can roll in that production at a much lower cost to bring their overall costs down." read more >

Tara Hassan, Haywood Securities (11/16/15)
"Even in a reduced gold price environment, we estimate that Klondex Mines Ltd. could grow cash by 9% in 2016. As one of only a handful of cashed-up, debt-free producers, the company is well-positioned to weather a lower gold price environment while still having the ability to consider internal and external growth opportunities."

Brien Lundin, Gold Newsletter (Jefferson Financial) (11/13/15)
"Now trading on the New York Stock Exchange, Klondex Mines Ltd. should benefit from the ease of access to U.S. investors that this market affords. Add in the blue sky of district-scale exploration on both its flagship properties, and you have the recipe for a potential blockbuster stock; it's an excellent bargain at current trading levels and a Buy."

Philip Ker, PI Financial (11/12/15)
"Klondex Mines Ltd. announced in-line earnings of $0.03/share for Q3/15 after prereleased metal sales of 33,853 oz Au eq. . .the company continues to see incremental tonnage increases from both its Midas and Fire Creek operations, achieving 771 tpd throughput in its underutilized Midas mill (693 tpd in Q2/15). . .Klondex delivered in-line consolidated cash costs of $621/oz Au eq vs. our target of $665/oz."

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
Doug Casey, CEO / Chair – Casey Research
Jeff Clark, Senior Editor – Casey Research
Sam Crittenden, Research Analyst – RBC Capital Markets
Michael Curran, Managing Director, Research Analyst – Beacon Securities Ltd.
Ryan Hanley – Mackie Research Capital
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.
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Derek Macpherson, Analyst – M Partners
Jeffrey Mosseri, President, Director – Greystone Asset Management, LLC., Axiom Capital
Björn Paffrath, Director – Stabilitas-Fonds
Menal Patel, Analyst – National Bank Financial
Rahul Paul, Research Analyst, Metals and Mining – Canaccord Genuity
Gwen Preston, Founder Resource Maven
Carsten Ringler, Founder – Ringler Research
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