Alexco’s Third Quarter Silver Production Increases

Alexco Resource Corp. (TSX:AXR, NYSE:AXU, AMEX:AXU) announced that their silver production in Q3 2012 has increased by 12 percent over the last quarter.

As quoted in the press release:

During the first nine months of the year, Alexco has produced 1,555,136 ounces of silver. Lead and zinc production in the third quarter were 4.5 million and 1.2 million pounds, respectively, with 13.1 million and 4.1 million pounds produced during the first three quarters, as the Bellekeno mine in the Keno Hill Silver District, Yukon continues its second full year of commercial production. Mill throughput increased to a record 270 tonnes per day (tpd) average for the third quarter, 11% improved over the previous quarter, and 10% better than any previous operating quarter.

Alexco President and Chief Executive Officer Clynt Nauman said:

“We have made some important improvements in mill efficiency this quarter, both in throughput and silver-lead recoveries. We intend to continue to build on this improvement toward our 400 tpd throughput target in the mill, especially with the expectation of feed from two new mines coming on stream in 2013. After nine quarters of production from the Bellekeno mine since commissioning, we will likely reach a point during the fourth quarter where mill throughput will outpace Bellekeno mine output capacity.

To view the whole press release, click here.