Reported Earnings • Aug 12
Second quarter 2022 earnings released: CA$0.59 loss per share (vs CA$0.019 loss in 2Q 2021) Second quarter 2022 results: CA$0.59 loss per share (down from CA$0.019 loss in 2Q 2021). Revenue: CA$3.95m (down 50% from 2Q 2021). Net loss: CA$95.1m (loss widened CA$92.3m from 2Q 2021). Over the next year, revenue is forecast to grow 297%, compared to a 18% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Announcement • Aug 05
Alexco Resource Corp. announced that it has received CAD 4.49205 million in funding On August 4, 2022, Alexco Resource Corp. closed the transaction. Announcement • Jun 23
Alexco Resource Corp. Provides Keno Hill Operations Update Alexco Resource Corp. provided the following update on operations and exploration at the Company's wholly owned Keno Hill Silver District in Yukon Territory, Canada. Ramp-up of mining activity at Keno Hill continued to progress in May with sustained underground development performance aided by improved equipment availability at both the Flame & Moth and Bermingham mines. Similarly, the district mill saw improved throughput and metallurgical performance in the same period. Underground advance at Bermingham reached the 1120 level, where the upper portion of the high-grade Bear Zone has been cross-cut with two ore faces and predictive block model grades of 1,900 – 2,000 grams per tonne (g/t) silver (Ag) appearing to be well supported or exceeded in mine based rib and face assays. Additionally, in May, the Company milled approximately 5,750 tonnes of ore, representing an approximate 19% increase over April. The mill operated for 16 days in May, nine of those days operating at throughput above the nameplate capacity of 400 tonnes per day (tpd). The metallurgical performance continued to be robust, with over 93% total silver recoveries to concentrate and in excess of 16,300 g/t Ag in the lead concentrate. While the underground performance improvements are notable, and the demonstrated supply of 150-250 tpd of ore to the mill has been important, it is also apparent from results to date that the rate of improvement in the advance of underground development remains insufficient to achieve the necessary number of production headings to sustain 400 tpd feed to the mill before the end of 2022. To rectify this imbalance, the Company has elected to temporarily suspend milling operations for five to six months and to focus all efforts on advancing underground development. After this development period is complete, the Company anticipates accessing, cross-cutting, and having available a total of approximately 120,000 tonnes of ore inventory grading 1,050 g/t Ag at the Bermingham and Flame & Moth mines by year end 2022. Ore extraction and milling operations will be restarted in January 2023, and with anticipated production, cash self-sufficiency should be achieved within the first quarter of 2023. The Company estimates that more than four million ounces of silver will be delivered as ore feed to the district mill in 2023. With transition of operations activities to an interim development focused plan, additional financing will be required. As of the date of this press release, the cash position of Alexco is approximately $14 million with negative working capital of approximately $4.5 million. The final scope, cost, and timing of the interim development-only plan and the subsequent transition back to full mill operations with concentrate shipments in January 2023 remains under review and will be communicated once completed. Additionally, the Company will continue to evaluate all financing and strategic options available to enhance the value of Keno Hill. In other activities at Keno Hill, surface exploration began with two drills in May with focus in the vicinity of the historic Silver King mine and the Coral Wigwam area, approximately 800 meters along structural trend from the Bermingham Mine. Early indications from shallow geology-defining drill holes in the Coral Wigwam area have identified a structural geology framework potentially similar to that which hosts the Bermingham deposit. The next phase of this work will focus on deeper drilling of the targeted structure(s) within permissive stratigraphy, areas which proved highly productive in the adjacent Bermingham deposit. 
