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.

Expert Comments:

Jefferson Research (3/16/18)
"Klondex Mines Ltd. is showing strong earnings quality and cash flow quality, and valuation suggests a lower amount of price risk. . .with an adjusted net income of -$8M in Q4/17 that was greater than the reported number, the company's quality of net income earnings is extremely high. . .the operating cash flow quality year over year improved."

Jamie Spratt, Clarus Securities (3/16/18)
"Klondex Mines Ltd.'s management's refocus on its Nevada portfolio and the ramp-up of production from the Hollister mine should allow for stronger operational execution in 2018. . .the stronger execution in 2018 should see the stock rerate toward our target price, a potential >85% return. We are upgrading our rating to Speculative Buy (was Sell) at our revised target price of $3.25/share (was $2.90/share)."

Steve King, M Partners (3/15/18)
"Klondex Mines Ltd.'s Q4/17 revenue came in at $63M, above our estimate of $57M, based on higher realized sales. . .working capital improved in the quarter to $37.4M. The company's current working capital position alleviates some near-term pressure."

Steve King, M Partners (2/23/18)
"Klondex Mines Ltd. announced an increase to the revolving credit facility by $10M, to $45M. . .the increased credit will cover the purchase, in Q4/17, of 8 Koz gold delivered against the Franco-Nevada gold loan. . .Klondex notes that the aim is to improve the working capital position by transferring a current liability to a noncurrent liability."

Jake Sekelsky, ROTH Capital Partners (2/2/18)
"On Feb. 1, 2018, Klondex Mines Ltd. announced 2017 production results. Total gold equivalent production was 189,456 oz. . .management issued a 2018 guidance range of 186–202 Koz gold equivalent. . .Fire Creek continues to prove itself as a world-class asset."

Steve King, M Partners (1/26/18)
"Klondex Mines Ltd. reported final results from the seven-hole, 2017 surface drill program on the Zeus target. These last surface drill holes returned multiple high-grade Au-Ag intervals and extended mineralization to the northwest and to depth. . .reported intervals and grades are generally in line with historical drill intercepts and current Fire Creek reserves."

Multiple projects are showing positive and possible expansions for this gold miner.
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More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Frank Holmes, Chairman – U.S. Global Investors
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Philip Ker, Mining Analyst – PI Financial
Jeff Killeen, Analyst – CIBC World Markets
Steve King, Analyst – M Partners
Justin Kinney – Stifel
Chen Lin What Is Chen Buying? What Is Chen Selling?
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Stuart McDougall, Mining Analyst, Equity Research – Mackie Research Capital
Jake Sekelsky, Analyst – ROTH Capital Partners
Jamie Spratt, Analyst – Clarus Securities
Josh Wolfson, Precious Metals Analyst – Eight Capital

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