AXU - AXU STOCK NEWS

Alexco Resource Corp. (AXU) has filed an updated Technical Report for its Keno Hill operations, revealing a 22% increase in Mineral Reserves to 1.44 million tonnes with an average grade of 804 g/t silver. The report projects annual production of over 4.4 million ounces of silver and an estimated after-tax free cash flow of $189.7 million based on consensus silver prices. The company aims to ramp up operations and plans a mill expansion to boost production to over 5 million ounces in 2024, with further resource updates expected by year-end 2021.

Alexco Resource Corp. (AXU) reported Q1 2021 financial results, showing a net income of $4.2 million, down from $12.1 million in Q1 2020. Total revenues reached $3.8 million, primarily from concentrate sales of $2.7 million and a $1.1 million contribution from reclamation services. Operating loss increased to $3.1 million as ramp-up costs continued at Keno Hill, contributing to a gross loss of $1.1 million. The company continues exploration with a 25,000-meter drilling program. Cash and equivalents rose to $24.7 million, reflecting ongoing operations amidst COVID-19 impacts.

Alexco Resource Corp. (NYSE American: AXU) will release its Q1 2021 financial results on May 12, 2021, after market close. An audio webcast will follow on May 13, 2021, at 2:00 PM ET. The company operates the historic Keno Hill Silver District in Canada's Yukon Territory, expected to produce approximately 4 million ounces of silver annually. The project has an estimated production life of 8 years with a throughput of 430 tonnes per day.

Alexco Resource Corp. (NYSE American: AXU) has filed a management information circular for its Annual General Meeting (AGM) scheduled for June 10, 2021. Shareholders of record as of April 26, 2021, will receive meeting materials by mail on May 5. To ensure safety due to COVID-19, shareholders are encouraged to vote by proxy and participate via conference call. Key voting matters include financial statements, fixing the number of directors at six, electing directors, appointing auditors, and approving unallocated awards under the restricted share unit plan.

Alexco Resource Corp. (AXU) reported its Q4 and FY 2020 financial results, revealing an operating loss of $22.3 million for the year, an increase from $11.9 million in FY 2019. Cash and cash equivalents rose to $23.7 million from $6.8 million year-over-year. The company is ramping up operations at Keno Hill, with initial ore production from the Bellekeno mine continuing into Q2 2021. Despite challenges related to COVID-19, Alexco plans to conduct a large-scale exploration program in March 2021, targeting mineral resource updates by Q4 2021.

Alexco Resource Corp. (AXU) will release its full-year 2020 financial results on March 11, 2021, after market close. Following this, a conference call will occur on March 12, 2021, at 1:00 PM Eastern Time to review these results. The company operates the Keno Hill Silver District, expected to produce approximately 4 million ounces of silver annually. The Keno Hill project has a mine life estimate of 8 years with significant growth potential.

Alexco Resource Corp. has successfully closed a flow-through bought deal public offering, raising $11,700,666 through the issuance of 2,704,770 shares. The financing included 2,053,670 shares for Canadian exploration expenses at C$4.48 each and 651,100 shares for Canadian development expenses at C$3.84 each. Proceeds will fund exploration and development expenses at the Keno Hill project, a significant silver resource expected to produce around 4 million ounces annually. The offering is expected to enhance the company's financial position.

Alexco Resource Corp. (NYSE American: AXU) has entered into a bought deal agreement with underwriters for a public offering of 1,785,800 common shares as flow-through shares for Canadian exploration expenses at a price of C$4.48 each, and 651,100 common shares for Canadian development expenses at C$3.84 each. The total gross proceeds are expected to be approximately C$10.5 million, which will fund exploration and development at the Keno Hill project. Closing is anticipated on January 28, 2021, subject to regulatory approvals.

Alexco Resource Corp. (NYSE American: AXU) has shared its 2020 exploration results, focusing on the high-grade silver mineralization in the Northeast Deep zone beneath the Bermingham deposit. The 2020 drilling program covered 7,653 meters and revealed impressive silver grades, including 3,583 g/t Ag over an 8.76 m interval. The company plans to initiate a significant 25,000 m surface drilling program in March 2021 to further explore this zone. Additionally, Keno Hill operations are ramping up, with initial ore production expected by Q2 2021 and a recent sale of NSR royalty yielding CDN$4.5 million.