13:11:44 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Klondex Mines Ltd
Symbol KDX
Shares Issued 142,884,336
Close 2016-07-27 C$ 5.88
Market Cap C$ 840,159,896
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Lundin says hold Klondex Mines

2016-07-27 14:43 ET - In the News

Brien Lundin, in the July, 2016, edition of the Gold Newsletter, says hold Klondex Mines Ltd., recently $5.62. Mr. Lundin previously said buy twice -- in October, 2015, at $3.16 and in May, 2016, at $4.70. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $2,967. Klondex Mines has announced plans to recover between 8,000 ounces and 12,000 ounces of gold from its True North gold mine in Manitoba. Management will update the project resource in the third quarter of 2016 and then make a production decision regarding True North. It is good that Klondex Mines has generated news beyond its Fire Creek and Midas mines in Nevada, but Mr. Lundin says, "We'll move it to a hold for now."

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