Business Chief US+CAN Magazine December 2015 | Page 35

KLONDEX MINES LTD .
MINING was in a dire situation . In addition , they faced competition in the Midas transaction .
Newmont had signed a Letter of Intent ( LOI ) in September 2013 to sell the operation to another company . As part of the deal , both parties agreed the LOI would be terminated by October 14th , unless extended by mutual agreement .
But Klondex President , CEO and Director Paul Huet had a plan to tackle this uphill battle and never gave up . “ When the LOI was signed between Newmont and the other company , I never got discourage . In fact , it fueled my motivation and forced me to work even harder ,” he said .
Persistence conquers all things As a third generation miner , Huet ’ s upbringing in the mining industry has ingrained the CEO with a tremendous work ethic and matching attitude to work hard no matter what you do . “ I saw firsthand from my father the
www . klondexmines . com 35