Klondex Mines Ltd. (TSX:KDX,NYSEMKT:KLDX) announced its operating results for the fourth quarter of 2015, as well as the years a whole, noting that it produced 105,893 ounces of gold and 1,605,226 ounces of silver.
Klondex Mines Ltd. (TSX:KDX,NYSEMKT:KLDX) announced its operating results for the fourth quarter of 2015, as well as the years a whole, noting that it producedĀ 105,893 ounces of gold andĀ 1,605,226 ounces of silver.
As quoted in the press release:
The Company also announces its 2016 production target range of 145,000-150,000 GEOs in the aggregate from its Midas Mine and Fire Creek Project, both of which are located in Northern Nevada. The Company expects its cash costs to range between $600 and $650 per GEO, and its All-in Sustaining Cost (āAISCā)Ā to range between $850 and $900 per gold ounce. Of greater importance is the All-in CostĀ metric, which includes both growth and sustaining capital. The Company expects its All-in Cost to range between $950 and $1,000 per gold ounce for 2016. Additionally, the Company expects to spend $45 to $50 million on capital expenditures (ācapexā), approximately 60% of which will be spent at Fire Creek, 30% at Midas, and the remaining 10% to be spent at the Midas Mill.
Paul Andre Huet, president and CEO of Klondex Mines, commented:
2015 was another important year for Klondex and our shareholders with production approximately 20% higher than the prior year. Looking ahead to a very promising 2016, we continue our focus on growing Nevada by aggressively investing in Fire Creek and maintaining steady-state at Midas. As a result, we are increasing our production target by approximately 16% over 2015, to 145,000-150,000 GEOs. Additionally, we are excited to launch our pre-production plan to rehabilitate, explore and develop our soon to be acquired Canadian asset.
Click here to read the fullĀ Klondex Mines Ltd. (TSX:KDX,NYSEMKT:KLDX) press release.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1786.19 | -2.79 | |
Silver | 20.32 | +0.05 | |
Copper | 3.65 | -0.05 | |
Palladium | 2251.50 | -24.50 | |
Platinum | 952.00 | -3.00 | |
Oil | 92.88 | -1.46 | |
Heating Oil | 3.49 | 0.00 | |
Natural Gas | 8.56 | -0.31 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to theĀ cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Ā