Alexco Resource Corp Receives Water Use Licence Amendment for Onek and Lucky Queen Mines

Alexco Resource Corp. (NYSE:AXU,TSX:AXR) reported that it has received the a Water Use Licence amendment from the Yukon Water Board for the Onek and Lucky Queen mines in the Keno Hill Silver District in Yukon.

As quoted in the press release:

 Production from these mines would be supplemental to the Company’s already-operating Bellekeno mine and is not included in Alexco’s production guidance for 2013 of between 1.9 million and 2.1 million ounces of silver.

Alexco’s President and CEO, Clynt Nauman, said:

The recent and continuing decrease in the price of silver has also given us reason to closely evaluate all of our operating plans, and the decision on when to commence production at Onek will depend upon our currently ongoing analysis. In the current unstable metal price environment, it may very well make sense to defer Onek production until conditions stabilize and improve. I expect our analysis and interim plans will be completed within the next couple of weeks.

To view the whole press release, click here.