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Alexco Resource Corp. T.AXU

Alexco Resource Corp is engaged in mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores silver, lead, zinc, and gold deposits. The firm's projects include Keno Hill Silver District, Flame and Moth, Bermingham, Lucky Queen, Bellekeno, and others.


TSX:AXU - Post by User

Post by mattbighamon Jun 13, 2022 3:21pm
261 Views
Post# 34752979

PDAC today

PDAC todayAXU have over $100  million into Keno in these last three years with full mining operations now expected  and over 100 million oz of high-grade silver discovered with another large DP now under way.

Construction at Keno began in Q2/Q3 2019 so it has been three years and $107 m in cash raised during this period:

2022
Alexco Closes $13.1 Million Non-Brokered Private Placement
Alexco Closes $9.2 Million Flow-Through Equity Financing
2021
Alexco Closes C$28.75 Million Bought Deal Equity Financing
Alexco Closes $11.7 Million Flow-Through Equity Financing
2020
Alexco Closes $30 Million Common Share Equity Financing
Alexco Closes $8.6 Million Common Share Public Offering
2019
Alexco Announces Closing of US$6.5 Million Bought Deal Equity Financing

Since Covid restrictions are no longer punishing the company and it is summer in the Yukon I expect the company's management to meet production expectations  and be cash flow positive.

Otherwise,I see First Majestic is three booths over again at PDAC and Clynt might want to get some tips from a successful mine builder and producer.



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