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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

Post by diceroll777on Feb 02, 2018 6:18am
182 Views
Post# 27486771

Saw this in another blog

Saw this in another blogAll in all, not a bad result. I expected them to get close to the bottom of their range. They could have done this if they wanted to take lower recoveries on the grade in the 4th qtr. Choosing not to do this when a few weeks could yield higher gold caused the miss on my expectation and something I can appreciate. The 2018 guidance was also a bit lower than I expected. I thought it would be around 210K-215K, but after this year I am sure they are being conservative. Who could blame them.

Bottom line: for a 200,000 oz miner, they are an extremely undervalued asset ! ! We are down 55% from last year when we produced less gold and had a gold price $100-150 lower. I call that a blue light special and will treat it as such. (will continue to add at these prices) In the end, this should be an "easy" double this year.
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