News outaccording to an anylist report :
On Tuesday, Klondex announced proven and probable gold reserves at the facility of 229,000 ounces as of Nov. 30, 2017 with grading of 0.69 ounces per ton. Those results are a drop of 22% and 44%, respectively, from their previous update at the end of June.
Canaccord Genuity analyst Rahul Paul said he was surprised by the decline in both reserves and grades, noting Fire Creek, the company's cornerstone asset, has "benefited from healthy levels of exploration and development spending (cumulative capital investment of $66.6 million from Q1 2015 to Q3 2017)."
Paul downgraded Klondex shares to hold from buy, citing the tempered expectations. His target for the stock fell to $2.75 from $4.15. The average is $3.71. KDX shares were off 8% in morning trading to $2.17.
You wouldn't know it from reading the presser (see below for link):
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/351-tsx/kdx/41835-klondex-mines-provides-updated-mineral-reserves-and-resources-for-fire-creek-files-technical-report-update-including-open-pit-resource.html
Huet does really need to go. I watched his interview last quarter where he said the company was in a better place than it had ever been before. Additionally they had the gall to confirm guidance which was never gonna happen.