KLONDEX MINES LTD. T.KDX

Metals & Mining Industrial Metals & Minerals

"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."

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KLONDEX MINES LTD. > Comments on Q2 Numbers

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Post by JRafflesUKon Jul 19, 2017 4:52am

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Post# 26484432

Comments on Q2 Numbers

My take on the numbers produced include the following:-

Hollister – 7,069 ounces Q2 v 2,051 ounces Q1 (9,120-7,069). This is a 244% increase, which illustrates that there is a powerful rate of growth leading to Q3 and Q4.
True North – 6,333 ounces Q2 v 3,916 ounces Q1 (10,249-6,333). This is a 64% increase, which illustrates, again, that there is a powerful rate of growth leading to Q3 and Q4.
TN Tailings – 1,113 ounces in Q2 v nil in Q1. This should add earnings to the bottom line in Q2 v Q1.

	Three months ended June 30, 2017								Six months ended June 30, 2017
Nevada	Fire Creek		Midas		Hollister		Nevada Total		Fire Creek		Midas		Hollister		Nevada Total
Ore tons mined	33,929		40,433		15,162		89,524		65,659		80,586		22,500		168,745
Gold equivalent grade mined (opt)⁽¹⁾	0.78		0.33		0.47		0.52		0.97		0.34		0.40		0.60
Gold equivalent ounces mined⁽¹⁾	26,331		13,534		7,069		46,934		63,919		27,510		9,120		100,533
Ore tons milled	49,060		43,172		-		92,232		70,719		82,479		-		153,198
Gold equivalent grade milled (opt)⁽¹⁾	1.01		0.36		-		0.71		0.99		0.34		-		0.64
Average gold recovery rate (%)	92.3	%	92.4	%	-	%	92.3	%	92.6	%	92.2	%	-	%	92.5	%
Average silver recovery rate (%)	85.5	%	83.3	%	-	%	83.5	%	84.8	%	83.7	%	-	%	83.8	%
Gold equivalent ounces produced⁽¹⁾	45,773		13,962		-		59,735		64,966		25,366		-		90,319
Gold equivalent ounces sold⁽¹⁾	47,370		15,338		-		62,708		63,906		28,061		-		91,950
GEO Ratio⁽¹⁾	72.5		72.5		72.5		72.5		72.0		71.1		71.3		71.3
⁽¹⁾ Gold equivalent ounces ("GEO") and grades are computed as the applicable gold ounces/grade plus the silver ounces/grade divided by a GEO ratio. GEO ratios are computed by dividing the average realized gold price per ounce by the average realized silver price per ounce received by the Company in the respective period. Preliminary GEO ratios are listed above:

	Three months ended June 30, 2017						Six months ended June 30, 2017
Canada	True North Mine		True North Tailings		Canada Total		True North Mine		True North Tailings		Canada Total
Ore tons mined	44,896		-		44,896		73,582		-		73,582
Gold equivalent grade mined (opt)⁽¹⁾	0.14		-		0.14		0.14		-		0.14
Gold equivalent ounces mined⁽¹⁾	6,333		-		6,333		10,249		-		10,249
Ore tons milled	44,484		25,191		69,675		73,421		25,191		98,612
Gold equivalent grade milled (opt)⁽¹⁾	0.14		0.05		0.11		0.14		0.05		0.12
Average gold recovery rate (%)	93.0	%	89.0	%	92.0	%	94.0	%	89.0	%	94.0	%
Gold equivalent ounces produced⁽¹⁾	5,798		1,113		6,911		9,598		1,113		10,711
Gold equivalent ounces sold⁽¹⁾	5,732		1,100		6,832		10,146		1,100		11,246
GEO Ratio⁽¹⁾	70.8		70.8		70.8		70.8		70.8		70.8
⁽¹⁾ Gold equivalent ounces ("GEO") and grades are computed as the applicable gold ounces/grade plus the silver ounces/grade divided by a GEO ratio. GEO ratios are computed by dividing the average realized gold price per ounce by the average realized silver price per ounce received by the Company in the respective period. Preliminary GEO ratios are listed above: