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In this edition of RCKS Charts, Keith has evaluated First Quantum Minerals Ltd. (TSX:FM), Kirkland Lake Gold Ltd. (TSX:KL), Richmont Mines Inc. (TSX:RIC), Teck Resources Ltd. (TSX: TECK.A and TECK.B, NYSE:TECK), Klondex Mines Ltd. (TSX: KDX), Novo Resources Corp. (TSXV:NVO). read more
Klondex Mines Ltd. (TSX:KDX, NYSE MKT:KLDX) finally announced that it has entered into a purchase agreement to acquire the Hollister mine, along with other assets for ~US$90 million (cash, debt, shares and warrants). Klondex’s management team knows the asset well and the Midas mill, which Klondex acquired in early 2014, has always been a logical destination for Hollister’s ore. This acquisition has long been expected and we believe Hollister should add to Klondex’s growth profile. We expect both Hollister and True North development plans to be positive catalysts for Klondex’s share price later this year. read more
Klondex Mines Ltd. (TSX:KDX, NYSE MKT:KLDX) provided an exploration update from its True North Gold Mine (formerly known as Rice Lake) highlighting the high-grade potential of this asset. While the highlight holes were good, the market is likely to remain skeptical on this asset until an operating plan is presented later this year. In our view the market appears to be giving little value for this asset in Klondex’s share price and a positive production decision in Q3 may provide a re-rating opportunity for Klondex's shares. read more
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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