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:

Multiple projects are showing positive and possible expansions for this gold miner.
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Jeff Killeen, CIBC World Markets (11/27/17)
"Recent drilling at Klondex Mines Ltd.'s Hatter Graben zone near the Hollister mine intersected high-grade mineralization, which appears to confirm previous surface drilling and points to a source of resource upside in the near term. An initial Inferred resource is expected in Q1/18."

Philip Ker, PI Financial (11/21/17)
"Klondex Mines Ltd. announced positive initial surface exploration drill results from its Hatter Graben target at the Hollister mine. . .highlight intercepts from the initial batch of assay results include 1.53 oz/t Au eq over 3.1 ft, 1.18 oz/t Au eq over 6 ft and 0.87 oz/t Au eq over 2.5 ft. . .[the results] confirm future potential to expand the Hollister mine."

Philip Ker, PI Financial (11/16/17)
"The success of up and down dip extensions of key veins such as the Karen, Joyce and Honeyrunner veins continue to demonstrate the potential for mine life and resource expansion at Klondex Mines Ltd.'s Fire Creek. . .drilling has returned positive, high-grade intercepts within the Zeus structure, which now has known dimensions of 650 ft along strike, 400 ft of vertical extent and remains open."

Steve King, M Partners (11/16/17)
"Klondex Mines Ltd.'s surface drill program at Zeus returned multiple high-grade gold-silver intervals. Underground drilling on the production veins at Fire Creek extends high-grade mineralization beyond the current resource envelope."

Jake Sekelsky, ROTH Capital Partners (11/16/17)
"Klondex Mines Ltd.'s Zeus target, formerly referred to as the West zone, is located approximately 4,000 ft west of current workings at Fire Creek; we highlight hole FCC-0092, which returned 1.27 oz/t over 14 ft including 8.25 oz/t over 1.7 ft. In our view, holes such as this serve as evidence that the program has uncovered significant additional high-grade mineralization outside of the existing areas being mined at Fire Creek."

BMO Capital Markets (11/14/17)
"Klondex Mines Ltd. reported consolidated production of 40.8 Koz Au eq in Q3/17. . .annual guidance has been maintained, but the anticipated blend of production has changed. . .we anticipate a large Q4/17 production from the company."

A PI Financial analyst reported how a recent visit to the Nevada operations of this precious metals company changed his outlook on it.
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Preliminary Q2 operating results show production up 94% and sales up 107%, a record for this company's Nevada and Canadian mines, news that was noted by a trio of industry analysts.
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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
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
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Stuart McDougall, VP Research Analyst – Jennings Capital
David Morgan, Publisher – The Morgan Report
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