Alexco Resource Corp.

Alexco Resource Corp. owns 100% of the historic Keno Hill Silver District, located in Canada's Yukon Territory. The Bellekeno silver mine, one of the world's highest grade silver mines with a production grade of up to 1,000 g/t, commenced commercial production at the beginning of calendar year 2011 and was Canada's only operating primary silver mine from 20112013. Alexco plans to return to production by developing its newly discovered deposit, Flame & Moth, one of the largest deposits ever discovered in the District. The prolific and prospective nature of Keno Hill is allowing the company to rapidly explore additional promising, high-grade silver prospects on its other District properties.

Expert Comments:

Jason Hamlin, Gold Stock Bull (3/10/15)
"Alexco Resources Corp. has been successful at reducing costs, as its all-in sustaining cash cost (AISC) dropped from $27/oz to $19/oz during 20132014. They are targeting an AISC of just $15/oz in 2015. . .the company has a strong balance sheet, with $18M in net working capital and no debt. . .once silver starts moving higher, I expect Alexco to offer very powerful leverage to the advance in the silver price."

"Alexco Resource Corp. [exemplifies an aggressive but realistic approach]. Despite critics of the company's silver stream agreement, as evidenced by the recent restructuring to more realistic terms, I am convinced that had Alexco gone the conventional development route with bankers' requirements such as a feasibility study and fees and hedging, the mill at Keno Hill would not have been built, and if it were built, it would not have been without significant dilution. But while the mill operation has been suspended, Alexco's environmental business continues to grow and cover overhead while the company unlocks the exploration upside at Keno Hill to recommence production as an expanded and more profitable operation. . .the updated PEA was completed to provide investors with a more comprehensive description of resources at Keno Hill in the Yukon. The study included the Onek resource as well as other updates. Most important, the study provided additional information on progress at the Flame & Moth deposit and exploration at the Bermingham target. The significance of this is that management is making progress breaking the code on exploration and appears to be closing in on another Hector-Calumet type deposit, which produced 90 Moz of silver over 20 years. To give you some idea of the potential at Keno Hill, the company recently reported a 6.2m intercept at Flame & Moth of 47.7 ounces per tonne silver. These exploration results, along with the amendment to the silver stream agreement and a weaker Canadian dollar, not to mention the environmental business, make Alexco more interesting to investors than one may realize." read more >

"I follow Alexco Resource Corp., which has a silver mine in the Yukon. It's a slightly more challenging asset given its streaming agreement with Silver Wheaton, which limited profitability when silver was near $15/oz. Alexco's agreement with Silver Wheaton was recently renegotiated and over the next couple of months, assuming that commodity prices cooperate, I believe that the company may restart production. That means silver being in the $17$20/oz range. At the current silver price, the company can make money with production instead of just trading tonnage for dollars and not really coming out ahead. [The recent preliminary economic assessment there outlined a small, 400 ton per day operation with a six-year mine life. Is that enough to get investors excited?] It's certainly exciting but I would focus on the bigger picture that you're going to have with the Flame and Moth deposits at site, coupled with the fact that there is a functioning mill that is fully permitted. . .my recent conversations with management suggest that it is not eager to finance in the near term. Instead, Alexco management has talked about selling a minority stake in Alexco's environmental remediation business as a means to raise money. We have $35M in our model for the environmental remediation business and other non-core assets. My price target on Alexco is $1.40 per share." read more >

Christos Doulis, PI Financial (1/20/15)
"On Jan. 20, Alexco Resource Corp. announced final results from the 2014 surface drilling program in the vicinity of the Flame and Moth deposit. . .infill drilling at the Christal zone returned impressive results such as K-14-0553 that returned 6.18m grading 1,483 g/t Ag and 0.45 g/t Au. . .we are increasing our target to $0.85 from $0.60."

Christos Doulis, PI Financial (1/6/15)
"Alexco Resources Corp. has a goal of identifying 100 Moz silver and ramping up to more than 7 Moz/year silver production over the next decade. Alexco's business model, encompassing both exploration and for-profit mine reclamation, environmental remediation and mine permitting services, gives the company access to resource opportunities where few other mining companies can compete."

Heiko Ihle, H.C. Wainwright & Co. (12/23/14)
"Alexco Resources Corp. announced an updated PEA for the Keno Hill Silver District in the Yukon Territory. . .the updated mine plan includes the impact of the revised Silver Wheaton streaming agreement and incrementally adds to overall anticipated silver production from the area. . .we remain optimistic that in addition to increasing resources at Flame & Moth, Alexco could continue to expand overall resources in the Keno Hill District through continued exploratory activities through 2015. . .the updated PEA represents a strong step in the right direction toward bringing the Keno Hill District back into production."

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Investing Highlights
One of the highest-grade silver properties in the world
Highly leveraged to the price of silver
Also own growing and highly profitable Alexco Environmental Group
Alexco Resource Corp. Content