Klondex Mines Ltd., North America

Case Study

Klondex Mines Ltd., North America
Case Study

Klondex Mines Ltd., listed on both the New York and Toronto Stock Exchanges, is North America’s premier narrow vein underground gold and silver producer focused on exploration, development, and production. The client was looking to improve the sophistication of its risk and incident monitoring and mitigation practices through cammsrisk whilst ensuring company strategies are met in a more efficient manner.

Klondex Mines Ltd. is North America’s premier narrow vein underground gold and silver producer focused on exploration, development, and production in a safe, environmentally responsible, and cost-effective manner. Established in 1975, Klondex Mines Ltd. is listed on both the New York and Toronto Stock Exchanges and was acquired by Helca Mining Company in July 2018.

Klondex Mines Ltd. have 100% interests in 4 mineral producing properties in Nevada, USA and has 100% interest in the True North Gold Mine and mill located in Manitoba, Canada.

The Challenge

Operating in an increasingly challenging environment, with growing competition and industry regulators demanding more rigorous Risk Management systems, Klondex Mines Ltd. wanted to improve the sophistication of its risk and incident monitoring and mitigation practices whilst ensuring company strategies are met in a more efficient manner.

Our Solution

cammsrisk’s multiple platform integration ability within the CAMMS product suite – cammsproject, and cammsstrategy offered Klondex Mines the solution to link risk with the overall business strategy. This facilitated Klondex to correlate enterprise risk metrics to performance goals and strategic initiatives.

By implementing CAMMS’ fully integrated Risk (cammsrisk), Incident Management (cammsincident) and Strategic Planning (cammstrategy) solutions, Klondex Mines Ltd. were able to:

Integrate its Risk and Incident Management, Strategic Planning and Performance Management processes and practices into one Web-based platform.

  • Identify, monitor and manage operational and strategic risks throughout its business.
  • Empower its Board of Directors (BOD) to make better informed decisions with superior risk and incident related insights, reports and benchmarking.

“We chose CAMMS as our solution provider, because of its ability to integrate risk and incident management and strategy, which would create efficiencies and a more substantive approach in growing the company.”

Jeff Antwi Former Senior Vice President,
Klondex Mines Ltd.

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