Post by
mattbigham on Mar 24, 2022 4:16pm
Bumpy year
It has been a difficult and not particularly rewarding few quarters for AXU shareholders.
That is not to say the company did not face realistic challenges under an historically unique year globally,most especially in the Yukon.
That is not to excuse them of their performance but realistically it must be acknowledged they are attempting to become a producer for the first time during a medical freak show.
However,Alexco did manage to produce 4.7 million pounds of lead,1.7 million pounds of zinc and 621,000 oz of silver concentrates last year.
Alexco are finally nearing full production and have been in limited production for well over a year now.
It's been rough to be an actual shareholder holding negative equity so I find it interesting to read a tale on this board from a non-shareholder about another company that told another fairy tale of renewed production at Keno Hill some thirty-three years ago.
UKHM ceased operations in 1989.
The Yukon and Federal governments then took responsibility for the district.
The Federal Govt. declared the site abandoned in 2001.
Alexco purchased the district in 2006 to reclaim the environmental damages and have been successful as reclaimation stewards/operators ever since.
That is all public knowledge up on Alexco's site.
Comment by
roberto146 on Mar 25, 2022 3:03pm
The comment: "12 Million tons, of tailings grading at a little over 3 oz/ton, and the hope to process them." should read 'about 4 million tons of tailings grading a little over 3 oz/ton yielding about 12 million oz of silver'. Still, that's almost $400 million Canadian, if 3 oz/ton is worth processing.
Comment by
mattbigham on Mar 27, 2022 10:52am
You seem to lack discernment acknowledging that Alexco is not and has no connection to UKHM,Roberto. "The neverending story." quote you offered up is just another of a long series of derogatory comments. You are not a shareholder,Roberto. You flip,flop and fly.