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Bullboard - Stock Discussion Forum 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... see more

TSX:KDX - Post Discussion

KLONDEX MINES LTD. > Our Secrets make us Sick
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Post by insideoutside on Mar 14, 2018 6:13pm

Our Secrets make us Sick

No disclosure surrounding the inability to process Hollister Ore. Week by week it is becoming more appartent the Midas plant is not the answer to getting Hollister recovery above 70%.  TMAC is having the same issue.  However wisely, the BOD Fired the CEO and disclosed the problem quickly preventing a complete collapse of the share price. Klondex is trying to hide.  No status report, timeframe, or projected cost to get out of this mess.  I hope one of the analysts raises this in the call.  With a net loss each quarter they better act soon.
Comment by Highwave on Mar 14, 2018 6:50pm
More misinformation form you.  In the Press Release it plainly states: ..Total GEOs produced were less than the lower end of the most recent guidance range primarily due to results from Hollister, which produced 7,371 GEOs compared to the low end of the guidance range of 21,000 GEOs. The Company mined 25,464 GEOs from Hollister and deferred the processing of a majority of the mined Hollister ...more  
Comment by insideoutside on Mar 14, 2018 7:05pm
Klondex has claimed the Hollister grade recovery is right around the corner since last JULY.   Obviously that never materialized.  And no details.  Why are recoveries so low ?  What solutions have they tried but failed ? What do they plan on doing differently ?  How much will it cost ?  I think the truth is they have no handle whatsoever on the situaton.  ...more  
Comment by NVminer49er on Mar 14, 2018 11:41pm
Where did it say Hollister was being diverted to Aurora? I read they were re-processing historic Hollister tailings at Aurora (I believe that is where GBG was sending Hollister ore?) Regardless, Huet needs to go. He overpaid for Hollister and never should have bought Aurora. G&A costs are going up while exploration and site development is cut and reserves are being depleted. If there isn' ...more  
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