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Mining Bulletin

The full story: In-depth news and analysis

DEVEX BOOSTS NEW LIFE POTENTIAL FOR AUSTRALIA’S NABARLEK URANIUM MINE

Nearly 35 years after it ended its short but highly productive life, the Nabarlek uranium mine in the Alligator Rivers province of Australia’s Northern Territory is showing signs of revival under new owner DevEx.

PETRATHERM EXPLORATION OPENS UP NEW RARE EARTHS TARGET IN SOUTH AUSTRALIA

Australian explorer Petratherm is highlighting the potential for a broad-scale occurrence of rare earth anomalism in the North Gawler Craton of South Australia.

ZENITH MINERALS DELIVERS RESOURCE UPGRADE AT DEVELIN CREEK PROJECT

Australian explorer Zenith Minerals has verified past results of drilling that extended and improved the geological interpretation of its Develin Creek polymetallic project in Queensland.

CHALICE PROCLAIMS THE BIRTH OF A NEW GREEN METALS PROVINCE IN WA'S JULIMAR PROJECT

Western Australia's first major platinum discovery at Julimar on the margins of Perth is shaping up as the starting point for a world-class multi-district green metals province, exploration star Chalice Mining believes. John Feary reports from the Diggers & Dealers Mining Forum in Kalgoorlie

FEASIBILITY STUDY POINTS TO A RAPID GOLD PRODUCTION GROWTH FOR LOW-KEY MINER

Twelve months after being named Australia's Digger of the Year, West African Resources is closer to opening its second Burkina Faso mine and heading towards 400,000ozpa of low-cost production. John Feary reports

WEST AUSTRALIAN PROJECT TO PLACATE SOME OF THE WORLD'S RARE EARTHS NEED

Rare earths project developer Hasting Technology Metals has set a target of the June 2024 quarter to begin commissioning of the West Australian plant capable of producing up to 8% of the world's NdPr needs.

NORTHERN STAR DECLARES KALGOORLIE SUPER PIT IN BETTER SHAPE THAN EVER

Northern Star Resources MD Stuart Tonkin declares the iconic Kalgoorlie Super Pit is in its best shape thanks to the new owner's five-year pathway to growth.

CORE TARGETS FIRST TERRITORY LITHIUM MINE PRODUCTION LATER THIS YEAR

Core Lithium sets a December quarter target for first production at its Finnis project in Australia's Northern Territory.

CAPRICORN METALS AIMS TO REPLICATE ITS KARLAWINDA SUCCESS AT MOUNT GIBSON

West Australian miner Capricorn Metals is aiming to complete an ore reserve and feasibility study in the Dec 2022 qtr to assist a development decision on its Mount Gibson gold project.

'JEWELLERY BOX' DELIVERS MORE SPARKLING RESULTS FOR SANTANA MINERALS

Experienced mining journalist and commentator Ross Louthean, a long-time observer of the New Zealand minerals industry, explores the current and past influences behind Santana Minerals' drilling successes on the historic Bendigo-Ophir district in Otago.

EXIT FROM UGANDA SEES VETERAN EXPLORER SIPA PRESS ON WITH WA EXPLORATION FRONTS

Western Australian explorer Sipa Resources is pressing forward with exploration on its home-state portfolio while pushing ahead with the sale of its Ugandan nickel-copper project.

NICKEL INDUSTRIES POWER PLANT OFFERS EARLY BOOST TO INDONESIAN NPI PROJECT

Nickel pig iron producer Nickel Industries has followed up the commencement of full operations of the four furnace lines at its Angel project in Indonesia with the start of commissioning of a new power plant that will boost production capacity and cut costs.

KAISER REEF REPORTS NEW RESOURCES IN HISTORIC VICTORIAN GOLDFIELDS

Beating its own expectations in drilling on Neesham Reef in the historic A1 gold mine and establishing a significant resource base at the Maldon project make up a day of positive news for miner Kaiser Reef in the heart of Victoria’s historic goldfields.

ST ANNE’S TARGET SHARPENS AT MURCHISON PROJECT FOR MEEKA METALS

New drilling results are highlighting the exceptional growth opportunity for West Australian explorer Meeka Metals at its flagship Murchison gold project, where its recent scoping study outlined production of over 420,000oz gold.

VIMY’S ANGULARLI URANIUM PROJECT SET TO GROW AHEAD OF DEEP YELLOW MERGER

With its proposed merger with fellow West Australian explorer Deep Yellow headed for a shareholder vote this week, Vimy Resources has reported initial diamond drilling results pointing to an increase in scale and value of its Angularli uranium project.

FAT INTERSECTIONS BUOY AURUMIN’S QUEST FOR HISTORIC SANDSTONE PROJECT

First drilling returns at Two Mile Hill deposit support West Australian explorer Aurumin’s vision of it becoming a key part of its Central Sandstone gold project with potential scale to underpin future production.

AUSTRALIAN EXPLORER BELARAROX SHARPENS THE BIG PICTURE TARGET AT NSW PROJECT

Australian newcomer Belarorox is backing its modern exploration techniques to deliver a JORC-compliant resource in a short time at its Lachlan Fold Belt tenements in the area of the historic Belara and Native Bee underground mines in New South Wales. Ross Louthean reports

AURIC MINING SCOPING STUDY ADVANCES DEVELOPMENT CASE FOR JEFFREYS FIND

Western Australian regional exploration specialist explorer Auric Mining identified the need for more work to refine material inputs and enhance project economics on its 100%-owned Jeffreys Find gold deposit.

NEW WORLD STUDY OUTLINES PATHWAY TO HIGH-MARGIN US COPPER PROJECT DEVELOPMENT

Scoping study identifies the potential pathway to a low impact, modest capital expenditure and high margin underground mining development at New World Resources’ 100%-owned high-grade Antler copper deposit in Arizona, USA.

MILLROSE PROJECT SHAPES UP AS LARGE POTENTIAL FOR STRICKLAND METALS

Leading Australian mining and resources journalist and commentator Ross Louthean delves into the history of Strickland Metals’ expanding Yandal gold belt exploration search.
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Klondex Mines Ltd

Exchange Code: 
TSX: KDX; NYSE MKT: KLDX
Website: 
http://www.klondexmines.com

Klondex Mines Ltd

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Related Content

KLONDEX Q1 STEADY, WITH COSTS UP

Post date: 
05/13/2015 - 12:30

With the Midas mine bedded down, Klondex Mines is nicely on track for a top-end Fy2015 125,000oz AuEq

KLONDEX MINES: FY2014 EXPECTATIONS RISE TO 95,000oz

Post date: 
10/20/2014 - 19:58

Gold-silver miner Klondex Mines has lifted its FY/CY2014 gold equivalent production to about 95,000oz from the previous 75,000oz-85,000oz AuEq.

KLONDEX PRODN GATHERS PACE
Click Here to read the full story in Bulletin
Not a subscriber? Click Here for a free trial subscription

 

KLONDEX PRODN GATHERS PACE

Post date: 
10/20/2014 - 19:53

Klondex Mines’ transition from developer to gold-silver producer continues to gather pace, with latest production upgrading FY2014 guidance

KLONDEX MINES: OUT FOR ANOTHER $16M

Post date: 
07/11/2014 - 16:38

Klondex Mines is going to the market again for another $C14M-$16M for its recently acquired $US83M Midas Gold-Silver Mine in N Nevada, US, as part of its long-term processing solution for its flagship operating Fire Creek Gold-Silver Project 165km away.
The company has entered a 7M share bought deal with a group of underwriters at $2ps for $14M, with the option for an additional 1.05M shares, taking the total to $16.1M. The offering is expected to close by July 30.

KLONDEX MINES: FATALITY AT MIDAS

Post date: 
05/17/2014 - 10:52

There has been a fatality at Klondex Mines’ Midas gold-silver mine and mill in N Nevada, US.
The company says the man was found unconscious and unresponsive in a working underground heading, and pronounced dead by hospital staff. The cause his death has yet to be determined.
Klondex completed the $US83M acquisition of Newmont Mining’s Midas operation earlier this year as part of its long-term processing solution for its flagship Fire Creek Gold-Silver Project about 165km away.

KLONDEX SECURES $42.6M FOR MIDAS ACQUISITION

Post date: 
01/10/2014 - 13:23

Klondex Mines’ $US83M acquisition of Newmont Mining’s Midas mine/milling facility in north-central Nevada, USA, is half-way home with the closure of a $C42.6M private placement.
The funds from the sale of 29.4M subscription receipts via a syndicate led by GMP Securities, will be held in escrow until the Midas acquisition is completed, expected in early Feb this year.

KLONDEX’ $95M TOUCH FOR MIDAS GOLD MINE

Post date: 
12/08/2013 - 17:10

Klondex Mines has put together a $US/C95M financing package for its proposed $US83M acquisition of Newmont Mining’s Midas mine/milling facility in north-central Nevada, USA.
The financing is expected to include a $US35M gold financing package from Franco-Nevada, a private placement for $C35M and another of secured notes for $C25M to fund the acquisition Klondex sees as the long-term processing solution for its flagship Fire Creek Gold-Silver Project, about 165km away.

KLONDEX SNAPS UP NEWMONT’S MIDAS MINE

Post date: 
12/05/2013 - 20:43

Klondex Mines is predicting a transformational outcome for the company after reaching agreement with Newmont Mining to purchase the Midas mine and ore milling facility in north-central Nevada, USA.
The company will pay $US83M for the underground mine and mill complex as the long-term processing solution for its flagship Fire Creek gold project, about 165km away.
President-CEO Paul Huet and others in Klondex’s core management team members have previously worked at Midas, which has also toll-treated Fire Creek high grade ore.

KLONDEX SIGNS NEWMONT PROCESSING PACT IN NEVADA

Post date: 
07/27/2013 - 08:38

Klondex Mines will gain funds for further development of its Fire Creek gold and silver project in north-central Nevada, USA after signing a processing agreement with Newmont Mining.
The deal will see Klondex ship 9,000 tons of higher grade mineralised material in 2013 – with the first 1,000t shipment in August – and continue as needed through 2014.

DEBT DEAL TO SAVE KLONDEX $11M OVER 14 MONTHS

Post date: 
01/07/2013 - 02:45

Vancouver-based Klondex Mines says it will save debt service costs of over $US780,000 a month for the next 14 months after raising $C7M via a placement of unsecured notes to help repay its debt facility with Waterton Global Value.
The Nevada, US gold explorer says the 9% senior unsecured notes, due January 2015, were issued to investors at 98% original issue discount.
The proceeds plus available cash allowed Klondex to repay $US10.9m under the Waterton facility.

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Mining Billboard

Insights and analysis from leading industry commentators

APART FROM ONE FLIGHT FIASCO, OPTIMISM REIGNS AT AUSTRALIA'S DIGGERS & DEALERS FORUM

(COMMENTARY) Australian mining and investment leaders welcome their position in the global commodity "sweet spot" by producing the commodities in demand for a world transitioning to low carbon.

INDUSTRY LEADERS CAN DRIVE AN ORDERLY LOW-CARBON TRANSITION, MINING FORUM TOLD

(COMMENTARY) Globally renowned economist and author Dr Dambisa Moyo has told Australian mining leaders that the corporate world has a key role to play in an orderly global transition to a low-carbon future.

NEWCREST AFFIRMS, EVERY TIER 1-SCALE MINER NEEDS GOOD EXPLORATION PARTNERS

(MERGERS & ACQUISITIONS) Newcrest Mining appeals to Australian explorers at the annual Diggers & Dealers Mining Forum for more junior explorers to bring their drill-stage projects to the nation's biggest gold producer.

GENESIS MINERALS MD URGES CAUTION ON NEXT STEP IN LEONORA CONSOLIDATION

(MERGERS & ACQUISITIONS) West Australian deal-maker Raleigh Finlayson cautions no deal yet on a transaction with St Barbara to create regional mining powerhouse. John Feary reports from the Diggers & Dealers Mining Forum in Kalgoorlie

MINING SECTOR BRINGS GROWING EXCITEMENT TO AUSTRALIA'S MAJOR MINING FORUM

(DIGGERS & DEALERS) Record numbers are flocking to Kalgoorlie for the Australia's most prestigious mining conference to learn more about the changing times that a bringing new challenges and more exciting opportunities for the global mining industry. John Feary reports

OCEANAGOLD SEEKS HIGHER STOCK TRADING LIQUIDITY IN CANADA AFTER QUITTING ASX

(TRADING) International miner OceanaGold has signalled its intention to transfer its corporate headquarters from Brisbane in Australia to Vancouver in Canada following its decision to delist its shares from the ASX. Ross Louthean reports
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