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Better times ahead for Klondex

It hasn’t been a great couple of months for Klondex Mining (CN:KDX), with a 40% stock drop over the past 11 weeks, and a just-released miss on first-quarter financials. But taking a glass-half-full approach may be the best option for the Nevada-focused miner, and any stock weakness may be a chance to benefit from what should be a better second quarter and beyond.

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Klondex’s adjusted earnings per share loss of US4c was a bit worse than the penny loss expected by the market, but the company maintained its production guidance of 210,000-225,000 gold-equivalent