Klondex Mines inks second 2014 toll-milling agreement
TORONTO (miningweekly.com) – Nevada-focused gold producer Klondex Mines has secured a second toll-milling contract this year following its C$83-million acquisition of the Midas mine and mill, located in Nevada, from a Newmont subsidiary.
Vancouver-based Klondex on Wednesday announced that it had agreed to process high-grade ore produced from LKA Gold’s Golden Wonder mine at the Midas mill.
The one-year toll-milling agreement with LKA could be renewed on a yearly basis and would provide for ore grading 51.4 g/t of gold from the Golden Wonder mine, near Lake City, Colorado, to be delivered to the Midas mill for processing. Under the toll-milling agreement, all doré produced would become the property of Klondex and the company would pay LKA the value of the recovered gold minus all toll-milling charges.
“This agreement marks the second toll-milling agreement put in place since we bought Midas in February. Processing third-party material makes good use of the mill, while still leaving us with ample capacity as we continue to develop the Midas and Fire Creek mines. We look forward to working with the LKA team on the Golden Wonder project,” Klondex VP for business development and technical services Mike Doolin said.
Klondex said it was currently evaluating other toll-milling opportunities to determine which materials were best suited to being processed at the Midas mill.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation