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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 JRafflesUKon Feb 04, 2018 1:13pm
103 Views
Post# 27499397

RE:RE:aurora

RE:RE:auroraII and more importantly. How did GBG mill the ore from Hollister? (obviously they didn't have the Midas Mill)

GBG trucked the hollister ore 350 miles to Aurora fro processing.  Since the ore was higrade, it was still viable to truck the ore that distance.

when KDX negotiated to buy Hollister, they should have been able to outbid any competition, due to their Miday mill being circa 10 miles from Hollister.

However, huet seemed to have been amateurish in negotiating and paid top dollar for Hollister - I reckon that if Trump was negotiating, he would have sealed a $40m deal for Hollister, or possibly asked Waterton to pay him to take it off their hands.
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