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:

Jamie Spratt, Clarus Securities (6/16/16)
"Klondex Mines Ltd. reported a positive development update at its True North Gold mine project in Manitoba; management has begun reprocessing old tailings material and expects a mineral resource update by the end of Q3/16 followed by a production decision. . .we maintain our positive outlook for KDX and we expect a continued rerating given the low-cost production, growth profile and discounted valuation. . .our thesis continues to be that KDX offers a unique mix of low-cost production, internally fundable production growth and credible management."

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/15/16)
"Klondex Mines Ltd.'s Fire Creek and Midas mines in Nevada generated 30,142 GEOs in Q1/16. . .management has locked in the higher prices that gold and silver have enjoyed so far this month. . .if the company can deliver on the cost and profitability fronts in the back half of the year, I see no reason why [its] shares couldn't go significantly higher from here. . .with the Rice Lake acquisition and the expanded exploration and development planned for Fire Creek and Midas, there's plenty of blue sky potential for Klondex."

Philip Ker, PI Financial (6/15/16)
"Klondex Mines Ltd. provided an update on its Canadian Operations which they have now rebranded as the True North Gold Mine, formerly known as the Rice Lake Mine. Management noted that developments at the complex to date have been completed safely and on budget with no lost time accidents."

SmallCap Power (6/8/16)
"Presuming that a June Federal Reserve interest rate hike is now off the table, it could be a 'golden' summer for precious metals-related equities. For those investors wanting to minimize their risk, a way to go could be to target gold juniors that have low debt levels as well as high return on asset figures, such as. . .Klondex Mines Ltd."

Andrew Mikitchook, M Partners (5/12/16)
"Early mining at Klondex Mines Ltd.'s Rice Lake is expected in Q3/16. . .[with] two drills currently operating on site, development work and mining located at the 710 area is expected to begin in July. Klondex then anticipates the release of an updated resource in Q3. . .the company is on track to make a production decision in H2/16. . .with production beginning to ramp up in Q1/17. . .we are maintaining our Buy rating."

Don Blyth, Paradigm Capital (5/12/16)
"Klondex Mine Ltd.’s Q1 results were weak. . .this is an issue of mine sequencing and that the operations should return to normalized levels. The company had guided that the 2016 performance would be back-end weighted. . .this management team has a good track record, and we are willing to believe the full-year guidance will be achieved. We maintain our Buy rating."

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
Don Blyth, Analyst – Paradigm Capital
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
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Louis James, Editor – Casey Research
Philip Ker, Mining Analyst – PI Financial
Douglass Loud, Executive Director – Axiom Capital
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Derek Macpherson, Analyst
Andrew Mikitchook, Analyst – M Partners
David Morgan, Publisher – Silver Investor
Jeffrey Mosseri, President, Director – Greystone Asset Management, LLC., Axiom Capital
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
Jamie Spratt, Analyst – Clarus Securities
Jay Taylor, Author Gold, Energy & Tech Stocks
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