- Headquarters: Vancouver, Canada
- Founded: 1971
- klondexmines.com
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Klondex Mines reports Q3 op results and reaffirms full year guidance
- Mined a total of 54,166 gold equivalent ounces, in-line with Company expectations. Produced and sold a total of 40,818 and 38,012 gold equivalent ounces, respectively.
- The Company is in a favorable position to now have three mines in Northern Nevada feeding one central mill, providing significant operating flexibility to optimize profitability. As a result, ore feed from the Nevada operations to the Midas mill will depend on the optimal blend of ore type and grade. As such, the annual production guidance for the Fire Creek and Hollister mines is being adjusted. The Company now expects an increase in annual production from Fire Creek to 105,000 to 110,000 gold equivalent ounces and a decrease in annual production from Hollister to 20,000 to 25,000 gold equivalent ounces as lower grade ore is displaced with higher grade ore from Fire Creek.The Company continues to expect to mine 30,000 to 35,000 gold equivalent ounces at Hollister. Guidance for total annual production for Nevada operations remains unchanged at 172,000 to 185,000 gold equivalent ounces.
- "We built stockpiles in Nevada and at True North at the end of the third quarter and are well positioned to deliver on our annual consolidated production guidance of 213,000 - 230,000 gold equivalent ounces."
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