Alexco Resources Improves Keno Hill Reserves To 1.44 Million Tonnes

Alexco Resource Corp. (TSX: AXU) (NYSE American: AXU) today announced the filing of its updated Keno Hill technical report for the company’s operations at the site in Yukon, Canada. The report reflected the expansion of the mineral reserve to 1.44 million tonnes, equivalent to a 22% increase.

The updated mineral reserve sees the 1.44 million tonnes graded at an average of 804 g/t silver, 3.84% zinc, 2.62% lead, and 0.31 g/t gold. On an equivalent basis, it amounts to 1,035 g/t silver. The reserve mine plan is estimated to produce over 35.5 million ounces of silver over the span of the next 8 years.

Expected average annual production from the Keno Hill Project is anticipated to be 4.4 million ounces of silver, at an AISC, inclusive of corporate costs and working capital, of US$11.59 per ounce.

Life of mine free cash flows are estimated to be approximately $189.7 million (after-tax), utilizing consensus metal prices, which comes somewhere in the ballpark of $277.3 million at current silver prices. Keno Hill continues to offer high-grade silver, with the average grade of mineralization being upwards of 800 g/t.

Notably, the updated report is based on drilling completed before 2019. The company as a result intends to release a property-wide estimate by the end of 2021 that includes data from the currently ongoing drill program, as well as results from the 2019 and 2020 programs.

Alexco Resource Corp. last traded on the NYSE American at US$3.00.

Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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