Klondex to lift FY17 output 36%

Gold and silver producer Klondex Mines has forecast a 36% year-on-year increase in output for 2017, after producing a record 151 007 gold equivalent ounces (GEOs) from its Nevada operations last year, exceeding the high end of management's guidance range. "We expect to produce between 210 000 and 225 000 GEOs in 2017, an increase of approximately 36% from the prior year,” CEO Paul Huet said on Thursday, noting that the company's near-term strategy is focused on organic growth.