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:

Josh Wolfson, Eight Capital (3/14/17)
"Klondex Mines Ltd. will be reporting Q4/16 annual financial results and 2017 guidance on Wednesday, March 15 after market close. . .the company previously reported Q4/16 gold equivalent production of 52 Koz, which includes 43 Koz from the Nevada operations and 8 Koz from True North. . .for the full year, Klondex produced 150 Koz gold equivalent in Nevada, at the high end of guidance for 145-150 Koz gold equivalent."

Brien Lundin, Gold Newsletter (Jefferson Financial) (3/1/17)
"Klondex Mines Ltd. released some nice assays from underground drilling on its Fire Creek mine in Nevada. Highlights included hole 714 (96.96 oz/t over 1.7 ft), hole 692 (1.47 oz/t over 8 ft), hole 689 (1.08 oz/t over 18.3 ft), hole 709 (0.84 oz/t over 33 ft) and hole 716 (0.45 oz/t over 53.8 ft). . .[these assays] have the ability to grow the resource come the next estimate."

Jamie Spratt, Clarus Securities (2/27/17)
"Klondex Mines Ltd. announced encouraging high-grade drill results from its 9,000m (18 hole) 2016 surface drilling at its Fire Creek mine. . .the results are confirmatory of the district-scale potential that exists at the Fire Creek project. We are encouraged by drilling results that have defined multiple structures with significant strike length and vertical extent which sit to the west, east and north of existing resources."

Philip Ker, PI Financial (2/24/17)
"Drilling by Klondex Mines Ltd. targeted extensions of regional zones of known mineralized veins in the north, east and west of the main Fire Creek mine workings. Positive results continue to be realized and are growing those known vein systems along strike and vertical depth. . .geophysics suggests other similar targets exist regionally."

Stuart McDougall, M Partners (2/24/17)
"This morning, Klondex Mines Ltd. released results from 18 surface exploration holes drilled at its Fire Creek mine. . .hole 67 adds to the overall potential of Fire Creek, confirming mineralization in a previously untested geophysical anomaly located 1.7 km west of the mine workings. . .Fire Creek obviously now has demonstrated mineral potential in several areas beyond the main mine workings, increasing its overall exploration upside."

Josh Wolfson, Dundee Capital Partners (2/8/17)
"Klondex Mines Ltd. reported 41 drill results completed at its Fire Creek mine in Nevada (71% of NAV). . .overall results are consistent with historical exploration success. From 110 intercepts reported across 41 released drill results, we calculate a weighted average result of 26.6 g/t Au eq over 1.29m. . .the company notes that drilling in two areas has the potential to generate high-grade resources."

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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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 – Haywood Securities
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