Huet in Feb of this year....kaboom! Commenting on these results, Huet said integrating the company’s two recently developed assets, Hollister and True North, simultaneously proved to be more challenging than the company had anticipated.
He made so many bad decisions .....not once, not twice..but through his entire tenure at Klondex...he destroyed the company
“The processing of Hollister ore through the Midas mill was delayed during the year as we work to improve ore recoveries, which resulted in production delays and stockpile accumulation,” he said. “In addition, we were not able to deliver on our plans at True North and had to make a difficult decision there, placing mining operations on care and maintenance.”
On Friday Klondex shares fell 8.57% or $0.24 to $2.56. The shares traded in a 52-week range of $7.73 and $2.10.