, Texas, United States
Klondex Mines
Rating
5
Name
Mr Frankel Ryan
Address
Headquarters:Reno, Nevada and Vancouver, Houston, Texas, 20004, United States
About Klondex Mines
Klondex Mines was founded in 1975, through the spinoff of the Fire Creek Project in Nevada from Placer Development.[5] Until 2012, Klondex was principally engaged in exploration of its Fire Creek Project.[5] It attempted to sell this project to several suitors in the 2000s, but was not successful in doing so.[5]
In 2011, a dissident shareholder group successfully proposed a new board of directors.[6] In September 2012, the current CEO, Paul Huet, took control, as the result of another proxy battle.[7] Huet had experience with the company, as part of previous teams examining the possibility of buying its Fire Creek project. At that time, the company was in dire financial straits.[7]
In February 2014, the company bought the Midas mine and mill in Nevada from Newmont Mining for US$83 million.[8] Huet had experience with the mine, having previously been the mine manager for seven years. In January 2016, the company purchased the Rice Lake gold mine (also called the True North mine) in Manitoba for US$32 million, from creditors.[9] Also in 2016, it purchased the Hollister mine in Nevada for US$80 million.[10]
In 2018, the company laid off 90 employees at its True North mine, as the result of disappointing production in 2017.[11] Production was only about 25,000 ounces, as opposed to the expected 50,000 ounces.[11]
Business Type
Manufacturer, Service Provider, Dealer
Employee Count
501
Establishment
1975
Annual Turnover
USD 15000000 Million
Working Days
Monday to Sunday
Payment Mode
Cash Advance (CA)
Top Products & Services
FAQs : Klondex Mines
What is the year of Estd. of Klondex Mines?-
Klondex Mines was established in 1975.
What are the main products of this company?+
Company deals in agricultural food products etc.
What is the business location of Klondex Mines?+
Klondex Mines operates from Houston.
How many different products are listed for this company?+
Presently more than 2 products are listed among different product categories on Tradeindia.com.
What are the main categories in which the company is mapped?+
The company is mapped in Horney,sugar,Soya beans,Beans,copper,Horney etc.
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Seller Details
Rating
5
Name
Mr Frankel Ryan
AddressView on Map
Headquarters:Reno, Nevada and Vancouver, Houston, Texas, 20004, United States
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Klondex Mines