Klondex Mines (OTCQX:KLNDF) has been one of the best performing gold stocks this year, having gained 20% despite the broader sector falling more than 60%.
This outperformance is likely due to several factors:
- Klondex's operations are in Nevada, which is an appealing place to mine.
- Klondex has very high grade deposits at its Fire Creek property.
- Klondex is moving rapidly towards production, which is expected to begin in 2014.
These are all points I made when I first recommended the company's shares back in August to investors looking for speculative gold mining companies.
Since then the company has released an updated resource estimate that is very telling with regard to management's strategy. While in...
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