The Conversation (0)
Alexco Resource Corp. (TSX:AXR) reported a second quarter silver production of 458,472 ounces, bringing the total production for the first six months of 2012 to 1,040,247 ounces; a 14% increase from the same period last year.
As quoted in the press release:
Alexco Resource Corp. (TSX:AXR) reported a second quarter silver production of 458,472 ounces, bringing the total production for the first six months of 2012 to 1,040,247 ounces; a 14% increase from the same period last year.
As quoted in the press release:
Average mill throughput during the quarter was 244 tonnes per day (tpd) compared to 208 tpd in the second quarter of calendar 2011, and 234 tpd for the first quarter of 2012.
Clynt Nauman, Alexco President and Chief Executive Officer, commented
Second quarter silver production was less than the previous quarter primarily due to anticipated lower mine grades; but there is no question we continue to make progress on ramping up mill throughput, and we look forward to an improved second half in 2012. Our greatest challenge will be on the permitting front for the two new mines we planned to commission in 2012. Although the company is confident of receiving the appropriate regulatory authorization to produce from the new Onek and/or Lucky Queen mines in 2012, the additional authorization to process the newly mined material through the existing Keno mill may very well be delayed into early 2013. The company is currently reassessing its Bellekeno underground plans to make up for this delayed production.
Click here to read the full press release.
AXU:CA