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:

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."

Philip Ker, PI Financial (1/19/18)
"Klondex Mines Ltd. announced positive exploration results from its remaining holes as part of the company's ~26,000 ft surface drill program at the Hatter Graben target. . .success was demonstrated with expansion of previous vein intercepts which expanded the known dimensions by 800 ft along strike and down dip by 200 ft, taking the known extent of mineralization to 2,000 ft along strike and 1,400 ft in height."

Jake Sekelsky, ROTH Capital Partners (1/10/18)
"Investors should continue to focus on Klondex Mines Ltd.'s core assets in Nevada. We continue to believe that Fire Creek and Hollister should serve as growth drivers for the company moving forward. . .we reiterate our Buy rating."

Jamie Spratt, Clarus Securities (1/8/18)
"Klondex Mines Ltd. reported a new open-pit mineral resource estimate at Fire Creek, which we view as a potential game changer for the company. The total defined resource is 2.2 Moz at an average grade of 1 g/t. . .while it remains early, we believe that the open pit could provide a significant extension to our modeled Fire Creek mine life of seven years, but we also believe that it provides an indication of the potential for a multimillion mineable ounce profile on the Fire Creek land package."

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