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KLONDEX MINES LTD. T.KDX

"Klondex Mines Ltd is a gold and silver producer engaged in exploration, development, and production of its properties. The company has interests in three mineral properties: the Fire Creek Mine, and the Midas Mine and ore milling facility, both of which are located in the state of Nevada, USA, and the True North Gold Mine (formerly the Rice Lake Mine) and mill in Manitoba, Canada. The revenue of the company is generated from the sale of gold and silver."


TSX:KDX - Post by User

Comment by Looking4Doubleson Jul 12, 2017 12:23pm
113 Views
Post# 26460366

RE:RE:RE:I have to see some reserve growth

RE:RE:RE:I have to see some reserve growthFor what it is worth . . . I would suggest that you go study the first qtr report and ask yourself the following questions:

1.) Were the margins, profitability, etc.. "unnaturally" low due to the fact that they weren't able to truck the ore to the mill ? (so the mill and the revenue numbers weren't normal and the costs had to be spread over a MUCH smaller volume)
2.) Why wouldnt they have a blow-out production number in the 2nd qtr when they have already told us they processed all of the 1st qtr ore in just April
3.) With the mill now running at full capacity, why wouldn't that increase the margins seen at the end of 2016?

It's your decision, but I have never seen a quarter which is so set up for big numbers.   Just thought you should think about it before the production number comes out (probably next week)   Good Luck
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