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Bullboard - Stock Discussion Forum 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 Discussion

Alexco Resource Corp. > PDAC today
View:
Post by mattbigham on Jun 13, 2022 3:21pm

PDAC today

AXU 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.
Comment by roberto146 on Jun 22, 2022 9:22am
"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." Paraphrasing Mr Micawber in Dickens' David Copperfield, 400 tpd mill capacity, 400+ tpd mill feed, result: happiness. 400 tpd mill capacity, 200 tpd mill feed, result: misery. "Construction at Keno began in Q2/Q3 2019 so it has ...more  
Comment by mattbigham on Jun 22, 2022 9:52am
The mill will be relying upon Bermingham ore for the majority of its feed going forward. Bermingham was not even drilled out until Q4 2021. MMG across the district has zero 43-101 ounces at Keno,no mill,no infrastructure and is a forty cent stock.
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