Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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. > Potential next target by KDX from Waterton?
View:
Post by JRaffles on Aug 14, 2016 1:24pm

Potential next target by KDX from Waterton?

Chaparral’s Nevada goldmines were purchased by Waterton in 2015.
Could this be the next acquisition by KDX.  Waterton appears to be a feeder, but not a long term operator, of gold mines.
Does anyone know whether these properties are close to KDX’s Nevada Mines?
 
https://www.watertonglobal.com/waterton-to-complete-acquisition-of-chaparral-gold-for-c0-61-per-share-goldrock-assigns-its-rights-under-arrangement/
 
https://www.proactiveinvestors.com/companies/news/115302/chaparral-gold-soars-on-acceptance-of-sweetened-bid-by-goldrock-waterton-115302.html

About Chaparral 
Chaparral is a Nevada-focused precious metals company actively permitting the 100%-owned Gemfield deposit at the Goldfield property in central Nevada. In addition to the Goldfield property, Chaparral holds a 100% interest in the Converse property, also located in Nevada.
Chaparral's key assets include the Goldfield property in southwestern Nevada, which has 1.34 million ounces of measured and indicated gold resources, plus another 382,000 in the inferred category. It also owns the Converse property in northcentral Nevada, which has about 2.2 million ounces of recoverable gold and 8.5 million ounces of silver, according to a 2011 estimate.
Comment by PMInvestor08 on Aug 14, 2016 2:42pm
This post has been removed in accordance with Community Policy
Comment by JRaffles on Aug 14, 2016 3:54pm
I think Klondex' next M&A move will more likely add another Canadian property and more fully leverage the 2500 tpd True North mill, as they have now done with Midas -- and possibly buy someone nearby. This was my line of thought until recently.  However, True North [Rice Lake] has adequate reserves, based on the 2014 calculations, in order to fill the 2500tpd mill. Therefore ...more  
Comment by PMInvestor08 on Aug 14, 2016 6:45pm
This post has been removed in accordance with Community Policy
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities