Resource News

Alexco Resource Corp Reports Near-Record Silver Production for Q4

Alexco Resource Corp. (TSX:AXR, NYSE:AXU) reported Q4 silver production , which was approximately an increase of about 16 percent over the last quarter and the second highest ever quarter of production.

Alexco Resource Corp. (TSX:AXR, NYSE:AXU) reported Q4 silver production , which was approximately an increase of about 16 percent over the last quarter and the second highest ever quarter of production.

As quoted in the press release:

For the full calendar year 2012, Alexco produced 2,150,959 ounces of silver, generally in line with full year production guidance of 2.2 million ounces. Mill throughput also increased to a record 291 tonnes per day (tpd) average for the fourth quarter, a 9% improvement over the previous quarter which was itself a throughput record.

Alexco President and Chief Executive Officer Clynt Nauman said:

I’m very pleased to see nearly record silver production coming from the Bellekeno mine in the fourth quarter, during which we experienced several weeks of intensely cold conditions. It is a testament to our people that they have been able to not only operate but improve performance through this quarter.

To view the whole press release, click here.

AXU:CA
Featured
Boreal Metals Corp.   announces it has changed its name to Norden Crown Metals Corp. in accordance with the provisions of the Business Corporations Act . Norden Crown Metals Corp's name reflects the next stage of the new management's corporate strategy, focused on mineral exploration for precious and base metals in "Norden" Scandinavia. The Company's ticker symbol on the TSX-V will be changed to "NOCR."  The name ...

Boreal Metals Corp. (TSXV: BMX) ( Frankfurt : 03E) (OTCQB: BORMF) announces it has changed its name to Norden Crown Metals Corp. ("the Company") (TSXV: NOCR) in accordance with the provisions of the Business Corporations Act ( British Columbia ).

read more Show less

Which TSXV-listed junior gold stocks have performed the best so far this year? Our list includes the five biggest gainers.

Click here to read the previous best junior gold stocks article.

Riding the momentum of 2020, the gold price displayed strength at the start of 2021, peaking at US$1,950 per ounce in January before downward pressure set in.

A recovering global economy mixed with high US 10 year treasury yields and a strengthening US dollar added headwinds for gold, peeling away at the safe haven asset's value in the first quarter.

In Q2, gold managed to rally from the US$1,730 level in April to a quarterly peak of US$1,908.20 on June 2. However, those same headwinds experienced in Q1 pushed prices down to a June close of just above US$1,760.

read more Show less

What are the best copper stocks on the TSX so far this year? These five companies have seen the biggest gains year-to-date.

Click here to read the previous best TSX copper stocks article.

Copper had a stellar first half of 2021, with prices rallying to their all-time highest level during Q2.

Unlike the first half of 2020, the trend in copper prices was upward for most of the first half of this year, with the red metal hitting an all-time high in May.

Heading into the home stretch of 2021, the market is still robust, and there is plenty of optimism that copper remains in bullish territory. Many analysts and companies expect a boom in the coming years as electrification and electric vehicles grow in popularity and subsequently increase the world’s appetite for the vital base metal.

read more Show less

MARKETS

Markets
TSX21077.35-85.30
TSXV924.67+4.12
DOW35754.75+35.32
S&P 5004701.21+14.46
NASD15786.99+100.07
ASX7313.90+68.80

COMMODITIES

Commodities
Gold1784.51+1.15
Silver22.45+0.02
Copper4.38-0.02
Palladium1864.70+17.70
Platinum960.00+3.00
Oil72.51+0.15
Heating Oil2.27+0.01
Natural Gas3.84+0.02