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Klondex Mines (TSX:KDX) reported its annual production for 2014 and its operations guidance for 2015 for the Midas and Fire Creek projects. The company recovered a total of 107,860 gold equivalent ounces for the year, with 30,460 ounces being recovered in Q4.
As quoted in the press release:
Klondex will report its financial results for the fourth quarter and full year 2014 on Tuesday, March 24, 2015 followed by a conference call on Wednesday, March 25, 2015.
Klondex is conducting its final review of the updated Fire Creek mineral resource estimate which is expected to be released by the end of January 2015.
Klondex president and CEO, Paul Andre Huet, said:
Our fourth quarter results capped an exceptional year for Klondex. Actual production results for 2014 exceeded our original budgeted ounces by over 25%. Solid performances at both operations demonstrate our teams’ ability to deliver and sustain operations while generating free cash flow, both of which are critical to the growth of the Company.
Looking forward to 2015, we have increased our operations target by approximately 15% to 120-125k Au equivalent ounces. We enter 2015 with momentum, the right people and the confidence to execute our exploration, development and production plans. We are well positioned to execute the Company’s strategy to optimize operations and grow both resources.
Click here to read the Klondex Mines (TSX:KDX) press release
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