Franco-Nevada royalty over Midas Mine

On February 11, 2014, Klondex Mines Ltd. (Klondex) reported that it closed the previously announced acquisition of the Midas mine and related ore milling facility (collectively, Midas) located in the State of Nevada, from a subsidiary of Newmont Mining Corporation (Newmont) for an aggregate purchase price totaling approximately US$83 million.

In addition to separate debt and equity components, the acquisition was financed in part through a US$35 million gold purchase and royalty financing package from subsidiaries of Franco-Nevada Corporation (Franco-Nevada).

Midas is an underground gold and silver mine located in north central Nevada, between Elko and Reno.

Further information can be found on Klondex's website.

Klondex is focused on the exploration, development and production of its high quality gold and silver projects.

Newmont is a gold producer, with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico.

Franco-Nevada is a gold focused royalty and stream company with additional interests in platinum group metals and other resource assets.