This week's biggest % winners & losers : March 19 - 23, 18 (wk 13)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: GERN (5.64 +67.36%), ARNA (41.88 +32.91%), HRTX (28.2 +31.16%), OMER (14.09 +26.71%), AKAO (12.88 +12%)
• Materials: KLDX (2.35 +63.19%), NG (4.61 +12.99%), NGD (2.55 +10.87%), GFI (4.1 +9.92%)
• Industrials: DXPE (39.29 +21.53%), RUN (8.43 +10.05%)
• Consumer Discretionary: GES (20.36 +36.74%), LE (21.45 +32.82%), NWY (3.50 +2.35%)
• Energy: CRC (17.24 +15.78%), SN (3.31 +12.59%), AAV (3.2 +10.34%)
• Telecommunication Services: NIHD (2.2 +20.22%)

This week's top 20 % losers

• Healthcare: ALDR (11.25 -20.49%), MACK (8.29 -19.83%), OTIC (4.05 -19.8%), ENDP (5.86 -16.41%), EXAS (4.12 -16.07%), PGNX (7.54  -10.66%)
• Materials: GSM (11.09 -31.15%), CENX (16.67 -20%), CMC (20.39 -17.21%), EGO (0.9 -15.89%),
• Industrials: RRTS (3.25 -21.5%), MLHR (30.7 -18.68%)
• Consumer Discretionary: GPRO (4.58 -17.33%), EVC (4.35 -15.53%)
• Information Technology: CARB (27.75 -16.92%), BDC (64.55 -16.35%), MTSI (17.72 -16.22%)
• Energy: DM (16.25 -24.77%)
• Telecommunication Services: IDT (10.08 -15.37%)

Hecla Mining (HL) to acquire Klondex Mines Ltd (KLDX) for $462 mln

• A leading low-cost U.S silver producer, with a significant portfolio in silver and an emerging force in the gold industry, has entered into an agreement to acquire a junior-mid tier silver and gold producer as it continues to expand its footprint.

     

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** HL **

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Hecla Mining to acquire three high-grade Nevada gold mines with the acquisition of Klondex Mines (KLDX)

• Under the Transaction, Hecla will acquire Klondex for consideration of $462 million with a mix of cash and shares of Hecla common stock and the newly formed company (Klondex Canada).
• Klondex's shareholders will receive $2.47 per share in cash or shares of Hecla, which represents a 59% premium to Klondex's 30-day volume-weighted average price, as at March 16, 2018, on the NYSE American.

Through the acquisition, Hecla will add the Fire Creek, Midas and Hollister mines to its already expansive gold and silver portfolio.

Hecla will also acquire seven large land positions in some of the safest and most prolific mining jurisdictions in the world.

The company will also generate a significant production base with highly prospective growth opportunities and cost reductions. The acquisition adds about 162,000 oz of annual gold equivalent production.

Upon completion of the transaction, Hecla will launch a significant exploration program at Fire Creek and at the prospective Hatter Graben discovery at Hollister.

Klondex Mines (KLDX) to reduce underground mining operations

  

Klondex Mines to reduce underground mining operations and workforce at True North mine in Manitoba, Canada 

• Following an extensive review of recent operational performance at True North, the Company has decided to limit underground mining to areas already developed. Once these areas are depleted, underground mining will be suspended.
• The decision was largely based on the site's inability to achieve planned operating and cash flow metrics in 2017. Preliminary full-year 2017 gold ounce production from True North is estimated to be approximately 24,000 -- 27,000 ounces, which is less than the 35,000 -- 45,000 ounce range of the Company's guidance. The mine will be placed on care and maintenance status after the developed areas are mined to review strategic options and to provide optionality at higher metal prices.
• Going forward,Klondex projects annual site free cash flow of $2 to $4 million at current metal price levels assuming a processing rate of approximately 1,400 tpd from tailings grading 0.035 Au/opt (1.20 Au/gpt) from April through October, weather dependent. The average tailings grade processed in 2017 was approximately 0.05 Au/opt (1.71 Au/gpt). Additional information will be discussed at the February 7 Investor Day. 

Klondex Mines (KLDX) reported Q3 op results on Thur 19 Oct 2017 (a/h)

Gold ore mining company

• 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."