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Klondex Mines (TSX:KDX,OTCQX:KLNDF) reported a 147% and 165% increase on tons mined and milled over Q1 2014 at its Fire Creek and Midas properties. The total gold equivalent ounces sold and recovered also increased by 639% and 103%.
As quoted in the press release:
Klondex remains on track to recover between 120,000-125,000 GEOs in 2015, comprised of approximately 102,000 gold ounces and 1.2 million silver ounces. Klondex is targeting production costs per GEO of $688-750 (US$550- $600) and all-in sustaining costs per GEO of $1,000-1,063 (US$800 – $850). (See the Company’s management’s discussion and analysis for the year ended December 31, 2014, available at www.sedar.com, for a discussion of non-IFRS measures, including “production costs per GEO” and “all-in sustaining costs per GEO”.)
Klondex will report its financial results for the first quarter 2015 in the week of May 11, 2015, followed shortly by a conference call.
Klondex President and CEO, Paul Huet, said:
Our team achieved great results in the first quarter of 2015, setting ourselves up for another strong year of production. During the quarter we recovered 32,542 GEOs and we are on track to realize our 2015 target of 120,000-125,000 GEOs. I’m proud of our team and their results, most of all, their safety. They continue to deliver strong results through safe mining, minimizing dilution, and testing multiple mining methods.
Click here to read the Klondex Mines (TSX:KDX,OTCQX:KLNDF) press release
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