Bullboard - Stock Discussion Forum KLONDEX MINES LTD. T.KDX

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"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... see more

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KLONDEX MINES LTD. > BMO Conference Webcast

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Post by Highwave on Feb 28, 2018 10:03am

BMO Conference Webcast

There are a couple of things that I picked up from the call:

CapEx is going to be substantially lower than 2017
Midas Mill improvements of Hollister Ore wont really be improved up to 85% to 91% recoveries until a few upgrades are made to 4 existing tanks during summer.
True North Cap Ex was $20 million last year
Majority of Cap Ex is Fire Creek
KLDX is looking to get Hatter Graben up to 600,000 in reserves before commiting real capital for mine development
In Q4 KLDX is talking to strategic's about parterning in open pit.

My assumption is that KLDX wants to stack as much cash as possible before striking a deal on the open pit at Fire Creek

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