Klondex Mines Ltd.

Klondex Mines Ltd.

Klondex Mines Ltd.

Overview
Date Founded

1971

Headquarters

595 Howe Street,Suite 600,Vancouver, BC V6C 2T5

Type of Company

Public

Employees (Worldwide)

864

Industries

Non-Energy Mining & Minerals
Metal Manufacturing & Products

Company Description

Klondex Mines Ltd. is a junior–tier gold and silver mining company, which engages in the mining, exploration, development, and production of mineral resources. It operates through the following segment: Fire Creek; Midas; Hollister; Aurora; True North; and Corporate and Other. The Fire Creek, Midas, Hollister, Aurora, and True North segments include the operations, development, and exploration activities of each respective segment. The Corporate and Other segment comprises of general and administrative costs of the company. The company was founded on August 25, 1971 and is headquartered in Vancouver, Canada.

Executives & Employees

President, Chief Executive Officer & Non-Independent Director

Chief Financial Officer, Secretary & Principal Accounting Officer

Chief Operating Officer

Senior Vice President-Exploration

Senior Vice President-Corporate Development & Planning

Manager-Investor Relations

General Manager, Hollister & Midas Gold Mines

Director, Investor Relations

Board of Directors

Senior Vice President of Business Development & Marketing at US Oncology, Inc.

Former Chief Executive Officer & Director at SHOP.CA Network, Inc.

President, Chief Executive Officer & Non-Independent Director at Klondex Mines Ltd.

Director & Owner at RYR Sports, Inc.

Vice President, Human Resources Canada at Vale SA

Investment Banking at Scarsdale Equities LLC

Chief Operating Officer at Labrador Iron Mines Holdings Ltd.

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Owners & Shareholders
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Sentry Investments seeks to preserve capital, maximize return, minimize risk and manage investment capital to generate a steady stream of income. Sentry Investments' approach is a combination of both a quantitative and a forward-looking intrinsic value approach. Their analysts use a proprietary model to review companies in each target sector and apply specific investment criteria to evaluate each company's historical performance. Sentry Investments then weighs these criteria to select the stocks with proven records of success and the best prospects for capital appreciation, looking forward. The firm's products include TSX-listed closed end funds, closed-end trusts, flow through limited partnerships, mutual funds and principal-protected notes covering a variety of domestic and global strategies.

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Kassirer Asset Management Corp. specializes in merger arbitrage and other market neutral investment strategies in the US and Canada.

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Formula Growth employs a number of quantitative and qualitative analytical tools in the process of identifying superior investment opportunities. They invest in US growth companies with outstanding management, strong brand identity or prospects, a dedicated customer focus and a record of demonstrated financial performance. Security selection is based on bottom-up research of individual companies rather than on broader economic analysis or themes. Less emphasis is placed on macro-economic, interest rate, market or sector forecasting. The firm does not try to time the market. The average holding period for stocks in the portfolio is two to three years. Earnings per share growth are the dominant variable monitored in the management of Formula Growth portfolios. Their portfolios employ significant diversification by holding a relatively large number of stocks.Another element of the firm's risk management strategy is to occasionally purchase very small portfolio positions in order to incubate investment ideas whose potential may require time or additional capital in order to be realized. Exposure is increased as expectations are met or exceeded, provided valuations remain reasonable. Proven winners are held in the portfolio, irrespective of company size if growth fundamentals remain intact and valuations reasonable. Corporate developments as well as financial results are carefully monitored. Regular management contacts are maintained at least annually. Companies that do not meet expectations or exhibit deteriorating fundamentals are sold. In addition, holdings that become significantly overvalued relative to their long-term target are reduced in size or sold entirely.

Recent Transactions
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Hecla Mining Co. purchases Klondex Mines Ltd.

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purchases Klondex Canada Ltd. from Klondex Mines Ltd.

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Klondex Mines Ltd. purchases Bison Gold Resources, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onHecla Mining Co. purchases Klondex Mines Ltd.

Investment Advisor

Advised onHecla Mining Co. purchases Klondex Mines Ltd.

Manager

Advised onKlondex Mines Ltd. issued Common Stock

Legal Advisor

Advised onHecla Mining Co. purchases Klondex Mines Ltd.

Legal Advisor

Advised onKlondex Mines Ltd. purchases Klondex Midas Operations, Inc.

Manager

Advised onKlondex Mines Ltd. issued Common Stock

Advisors & Consultants
Legal Advisor

Partner at Bennett Jones LLP

Legal Advisor

Partner at Bennett Jones LLP

Legal Advisor

Partner at Bennett Jones LLP

Clients

Franco-Nevada Corporation is the leading gold royalty and stream company by both gold revenues and number of gold assets. The Company trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada has delivered superior returns to investors through its diversified portfolio of cash-flow producing assets and interests in some of the largest new gold development and exploration projects in the world. Franco-Nevada provides yield and more upside than a gold ETF with less risk than an operating gold company. Its business model benefits from rising commodity prices and new discoveries while limiting exposure to operating and capital cost inflation. Franco-Nevada has substantial cash with no debt and is generating growing cash flow that is being used to expand its portfolio and to increase dividends. Management and the Board are significant shareholders and are dedicated to the maximization of Franco-Nevada’s share price

Investec Plc engages in the provision of financial products and services. It operates through the following segments: Asset Management; Wealth and Investment; and Specialist Banking. The Asset Management segment manages equities, fixed income, multi-asset, and alternative services. The Wealth and Investment segment offers portfolio management. stockbroking, alternative investments, investment advisory services, electronic trading services, and retirement and succession planning services. The Specialist Banking segment provides private banking, corporate and institutional banking, investment, property, and group services and other activities. The company was founded in 1974 and is headquartered in London, the United Kingdom.

Auramet Trading LLC is a private company headquartered in Fort Lee, NJ, with operations in Puerto Rico, that provides investment advice. James V. Verraster is the current CEO, occupying that position since 2004.

Key Stats and Financials As of 2017
Market Capitalization
$555M
Total Enterprise Value
$595M
Earnings Per Share
$-0.17
Revenue
$312M
Net Profit
$-30.7M
TEVNet Income
-19.37x
Debt TEV
0.08x
EBITDA
$55.1M
Total Debt
$45.5M
Total Equity
$351M
EBITDAMargin
17.63%
Enterprise Value Sales
1.9x
Enterprise Value EBITDAOperating
10.81x
Three Year Compounded Annual Growth Rate Of Revenue
36.92%
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