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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 JRaffleson Apr 21, 2017 3:59am
150 Views
Post# 26147217

RE:RE:Production will be closer to 300k oz in 2017 ???

RE:RE:Production will be closer to 300k oz in 2017 ???It is like 15-20 % higher mostly because Midas and especially Fire Creek are not flat vs last year (per the guidance).

The apparent growth in production of Midas and Fire Creek on the 2017 production forecast chart merits an explanation.

As reported in previous years, the production of these two mines is always higher in H2. This disparity between H1 and H2 may be greater in 2017 due to the snow disruptions.  It is possible therefore that Fire Creek and Midas production could be flat in 2017, as reported, but that the production has been further H2 loaded in 2017.

The chart is misleading in that there is no scale on the y axis and therefore the growth profile renders the chart of limited value. 

Although the Midas / fire Creeek production distribution in 2017 may not have any relevance, the year end production from hillister is projected to be lower than TN.  When it is considered that a mine plan for Hollister is due in Q2 (which could be any time from April), then it is of relevance that this high cost investment may only be producing half the gold ounces as it was when Great Basin were operating the project. 

with the approach of "sel in May and go away" and the "summer doldrums" for miniers, the jury may still be out with regard to the timing if KDX's SP recovery.


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