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:

"Klondex Mines Ltd.: The operator of the highest-grade gold mine in the world (Fire-Creek) had a lot to offer in 2016 in terms of upside potential coupled with a valuation discrepancy. Klondex began the year just under $2/share, and lagged the mining complex for essentially the first seven months of the year and then began to outperform. This was driven by several elements—the bid for and subsequent acquisition of the high-grade Hollister mine, first production from True North tailings reprocessing and a prefeasibility study of a full scale True North operation and a positive production decision. Organic growth from Fire-Creek, Midas and True North should support growth through the end of the decade, complemented by additional growth from Hollister, which could begin operating in 2017 as the Midas mill has excess capacity from which it can process material from Hollister." read more >

Josh Wolfson, Dundee Capital Partners (1/9/17)
"A high degree of variability could exist with Klondex Mines Ltd.'s 2017 guidance, which includes the first first year of production from True North's ramp-up, initial production expected mid-year from Hollister, the ongoing ramp-up to steady-state output at Midas, and continued progress with long-hole stoping at Fire Creek. . .at Fire Creek, the company is in the process of increasing its proportion of long-hole stope mining to increase throughput and reduce mining costs. At Midas, the company is advancing development to mine higher grade reserve material."

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/27/16)
"Klondex Mines Ltd. recently filed a technical report on the tailings at True North demonstrating a mineral reserve of 32,400 ounces; this total is on top of the reserve update announced in September. . . given recent underground drilling results from True North, those totals should grow with the next update to the resource estimate there. . .the big news during Q3 was the company's move to acquire the Hollister and Esmeralda projects in Nevada. . .with these projects in the fold Klondex has a legitimate shot to vault itself into the ranks of mid-tier gold producers."

Stuart McDougall, M Partners (11/17/16)
"Klondex Mines Ltd. released what we view as positive underground delineation drill results from the True North mine in Manitoba. . .based on the results, the company believes that both the 710 and 711 zones extend beyond currently known limits and that the Cohiba zone continues at depth. . .highlights include 1.8m grading 32.7 g/t Au in the 711 zone; 1.5m grading 42.4 g/t Au in the 711 zone. . .KDX is following up the results and refining its 2017 mine plan on the basis of the results."

Brian Quast, BMO Capital Markets (11/10/16)
"Klondex Mines Ltd. reported drill results from its Fire Creek Mine in Nevada; surface and underground drilling provided some positive results, suggesting the continuation of known veins as well as additional mineralized areas on the wider Fire Creek property. . .underground drilling to test the extensions of the known veins, especially vein 16 and vein 9, returned high-grade intercepts. The drilling extended Vein 16 267m to the south and 53m vertically; Vein 9 was extended 31m to the north with this drilling."

Philip Ker, PI Financial (11/10/16)
"Klondex Mines Ltd. continues to encounter exceptional high-grade assays from primary vein structures within close proximity to existing mine infrastructure. . .highlight intervals from underground include; 12.11oz/t over 5.1’(Joyce) and 6.71oz/t over 5.0’ (Hui Wu). . .we note these assays occur outside of the recently updated resource/reserve estimate and provide for future replacement of depletion and mine life extension. . .we are expecting significant capital outlays in 2017 for development and drilling programs. . .we remain NEUTRAL on shares of Klondex Mines and maintain our $6.85/sh target price."

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
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