KDX:TSX; KLDX:NYSE.MKT

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.
KDX:TSX KLDX:NYSE.MKT

Expert Comments:

Josh Wolfson, Eight Capital (4/24/17)
"Klondex Mines Ltd. previously reported Q1/17 production of 34.5 Koz Au eq. . .2017 production guidance is for 210–225 Koz Au eq. . .production is expected to be H2/17 weighted as a result of maintenance and downtime in Q1/17, the commencement of production from Hollister midyear and the ramp-up of underground mining at True North throughout 2017."

Stuart McDougall, M Partners (4/21/17)
"Net-net, we are raising our target price on Klondex Mines Ltd. to CA$8.25/share from CA$8/share and reiterating our Buy rating, viewing the recent pullback in the stock as a good entry point in the story. We still expect 29% growth in annual production rates over the next three years but are revising our numbers upward for higher throughput rates and assumptions at True North and higher grades at Midas."

Heiko Ihle, Rodman & Renshaw (4/20/17)
"During Q1/17, Klondex Mines Ltd. produced 30,654 oz gold and 261,098 oz silver for total gold equivalent production of 34,454 oz. Average head grades for the quarter increased significantly to 0.54 oz/t from 0.38 oz/t in the prior quarter, which we attribute primarily to Fire Creek and True North."

Josh Wolfson, Eight Capital (4/19/17)
"Mining at Klondex Mines Ltd.'s Hollister commenced in Q1/17, and ore is being stockpiled at the Midas mill ahead of scheduled processing in Q3/17 after metallurgical test work is completed. . .exploration activities continue at the Gloria zone, and the company expects to report a preliminary resource estimate in Q2/17 and an initial Klondex reserve estimate in Q3/17."

Jamie Spratt, Clarus Securities (4/19/17)
"Klondex Mines Ltd. is well positioned to deliver a compelling production growth profile by the addition of the True North and Hollister mines that are expected to drive production toward 300 Koz by 2018. We maintain our Buy rating."

Stuart McDougall, M Partners (4/19/17)
"This morning, Klondex Mines Ltd. released Q1/17 operating results, reporting consolidated production of 34,454 oz Au eq and sales of 33,737 oz Au eq. . .the company reiterated 2017 guidance for 210–225 Koz Au eq. Considering how much Klondex mined in the quarter, we remain confident in its ability to achieve the higher end of that guidance, forecasting production of ~221,500 Au eq."

The release of Klondex Mines' full-year and fourth-quarter numbers for 2016, as well as limited guidance for 2017, prompted commentary by analysts following the company's operations in both the United States and Canada.
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An updated mineral resource for Klondex's True North project that increases the Measured and Indicated resource by 32% and the Inferred by 45% caught the attention of several analysts.
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More Expert Comments

Experts Following This Company

Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Don Blyth, Analyst – Paradigm Capital
Tara Hassan, Analyst – Raymond James
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)
Stuart McDougall, VP Research Analyst – Jennings Capital
Andrew Mikitchook, Analyst – M Partners
David Morgan, Publisher – The Morgan Report
Brian Quast, Analyst – BMO Capital Markets
Nana Sangmuah, Research Analyst, Precious Metals – Clarus Securities
Jamie Spratt, Analyst – Clarus Securities
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