KLONDEX MINES LTD .
MINING very stiff competition , Klondex needed to raise money – more money than the entire value of the company at the time . In the face of this nearly insurmountable task , Huet and his team set to work .
Huet ’ s relationship with senior members of Franco-Nevada , Pierre Lassonde and David Harquail , was the key in getting the deal done . “ I knew Pierre when I worked with him at Newmont , and I basically informed him of my intent to buy Midas and explained how acquiring it would be a perfect marriage of assets with our Fire Creek asset .”
While not easy , Paul and his team were able to raise three forms of funding : $ 42.6 million in equity , $ 25 million in debt , and a $ 36 million gold loan from Franco-Nevada .
Ore from the Fire Creek project in Northern Nevada
SUPPLIER PROFILE
QUALITY TRANSPORTATION
Quality Transportation was formed in 2012 by Shane Davis ( president ) and John W . Davis ( secretary treasurer ). With our operation manager Jerry Lanphear , we have a combined industry experience of over 60 years . We cater to the mining industry in northern Nevada with Klondex being one of our biggest contracts , Ridge and Halliburton . Website : www . qtinv . net www . klondexmines . com 43