Klondex Mines Ltd.

Klondex Mines Ltd. has just received approval to list on the NYSE MKT exchange under the ticker KDX, 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:

Josh Wolfson, Dundee Capital Markets (9/25/15)
"We are resuming coverage of Klondex Mines Ltd. following its CA$26M equity financing announced on August 20. In conjunction with our takeaways from a recent site visit, updated Fire Creek and Midas resource estimates, and the company's robust balance sheet, we believe Klondex is well positioned to continue its exploration and development initiatives targeting further production and resource growth."

Derek Macpherson, M Partners (9/24/15)
"Our recent site visit to Klondex Mines Ltd.'s Fire Creek and Midas was positive. Our visit to Fire Creek was highlighted by the significant development advancement since our last visit 14 months ago, reminding us of the significant exploration upside at this mine; at Midas, we were impressed by both the in-mine exploration success and the near-mine stepout exploration success."

Jamie Spratt, Clarus Securities (9/22/15)
"We are reinstating coverage after the closing of Klondex Mines Ltd.'s CA$26M equity financing. . .we maintain our view that the company is well positioned to drive higher production, lower costs and higher free cash flow as it ramps up production at its Midas and Fire Creek projects supported by a strengthened balance sheet."

"One of my favorite small producers with growth potential is Klondex Mines Ltd. It's a high-grade gold story in Nevada. Klondex has actually been one of our best performers in the portfolio over the last year. It's been up even while gold was down, because it is mining up to half an ounce per tonne. It is making money hand over fist, even at current prices. Obviously, that attracts a lot of attention. [Klondex recently announced that Klondex discovered some new veins at the Fire Creek project.] I think the resource estimate will get bigger, and I think it will get better. But the most important thing is that this is not just surface drilling on some prospect that may or may not be mineable at some point. This is underground exploration. These new discoveries are near existing underground development so they could be put into production quickly and easily. This is a company that already has a profitable, fully permitted plant in operation within trucking distance of these discoveries. That's one reason why I think this story has done so well despite how poorly the market has done. You can see how close these high-grade discoveries are to hitting the bottom line." read more >

Tara Hassan, Haywood Securities (9/16/15)
"Klondex Mines Ltd. released planned mineral resource updates for its Fire Creek and Midas projects. The company successfully increased resources at both projects. Contained gold ounces at Fire Creek are up 13% in the Measured and Indicated category, and silver ounces have increased by 12%, net of depletion. At Midas, on a gold-equivalent basis, contained ounces increased by 7% in the Measured and Indicated category and 22% in the Inferred category. . .the Fire Creek resource update includes 147 new drill holes completed by Klondex in 2015, and the Midas resource update includes 145 new drill holes completed in 2015."

Philip Ker, PI Financial (9/16/15)
"Klondex Mines Ltd. announced an updated resource estimate from its Nevada-based Fire Creek and Midas operations. The company continues to see incremental increases in gold ounces from its drill efforts. . .Klondex used drilling of 49,375 ft at Fire Creek and 85,249 ft at Midas to increase Measured and Indicated gold ounces by 12.5% and decrease by 2.3%, respectively, net of depletion. . .Klondex now boasts a resource at Fire Creek in excess of 700 Koz across all categories. . .we remain confident that Klondex's exploration and development efforts over 2015 will lead to further discoveries and conversion of resources to reserves."

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
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
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
Klondex Mines Ltd. Content