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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:

Henk Krasenberg, European Gold Centre (5/27/15)
"Klondex Mines Ltd. reported its latest drill results from the Fire Creek project. . .they do clearly demonstrate the high-grade nature of the deposit, which is growing into a significant second source of feed to the mill at its Midas mine. . .it also confirms that the company is a winner, beating the trend of the gold markets, a stock to own!"

Jamie Spratt, Clarus Securities (5/21/15)
"Drill results from 19 underground holes at Klondex Mines Ltd.'s Fire Creek focused on the Hui Wu and Joyce veins were positive and exhibited exceptionally high grades (461 g/t Au eq, 174 g/t Au eq and 2,195 g/t Au eq). We believe these results are supportive of our view that drilling near existing infrastructure should continue to support further reserve and resource growth."

Josh Wolfson, Dundee Capital Markets (5/21/15)
"Klondex Mines Ltd. reported 19 drill holes from 2015 Fire Creek exploration, which targeted extensions to the north of both the Hui Wu vein, which is not included in the mine plan and accounts for a negligible portion of resources (4 Koz Au eq at 0.45 oz/t), and the Joyce vein, which accounts for 31% of reserves (76 Koz Au eq at 0.83 oz/t). In our view, material upside has been identified at Hui Wu, where the north indicates a significantly stronger and larger zone of mineralization than our prior interpretation."

Derek Macpherson, M Partners (5/21/15)
"Klondex Mines Ltd. released development drill results from Fire Creek. . .a weighted average grade of 2.3 oz/t (78.2 g/t) gold and 1.7 oz/t (57.0 g/t) silver over an average width of 1.1m. These results compare favorably to the overall resource grade (Measured and Indicated plus Inferred) of Fire Creek. . .importantly, these drill results were from areas outside the current reserves and partially outside the current resource, suggesting that. . .resource are likely to grow. . .we expect a steady stream of drill results from both Fire Creek and Midas, which should benefit the company's share price."

Philip Ker, PI Financial (5/21/15)
"Klondex Mines Ltd. announced positive assay results from underground drilling targeting the Hui Wu and Joyce veins at Fire Creek. . .given the significant upside contained at Fire Creek, coupled with the likelihood of additional mine life longevity at Midas, we continue to maintain our CA$3.30 per share target price as well as our Buy and Speculative risk ratings. We note that, although the company's stock is approaching our target price, we believe significant opportunities exist for management to demonstrate reduced costs and continue delivering on their exploration efforts."

Philip Ker, PI Financial (5/14/15)
"Klondex Mines Ltd. continues its solid performance after prereleasing Ag eq sales of 31,703 oz during the quarter. . .the company remains well positioned to meet capital requirements for development and exploration over the remainder of 2015 and possesses a working capital position of $56.2M. . .we continue to remain confident that the company's exploration and development efforts over 2015 will lead to further discoveries and conversion of resources to reserves while also increasing the number of working faces within its respective operations. After more aggressively advancing waste development into new ore zones and driving into deeper levels at Fire Creek, Klondex should realize decreasing cash costs to be more inline with guidance (CA$688–750/oz)."

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
Joe Foster, Head of Investments – Van Eck Global
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 – Greystone Asset Management, LLC.
Björn Paffrath, Director – Stabilitas-Fonds
Lawrence Roulston Resource Opportunities
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