Lower Silver Prices Cause Alexco Net Income Drop

Mineweb reported that Alexco Resource Corp.’s (TSX:AXR) first quarter net income fell due to lower silver prices.

As quoted in the market news:

Cash costs were also up from C$8.88 per ounce silver to C$11.01 per ounce silver. But relative to the fourth quarter 2011, recent cash costs mark a C$2.64 per ounce silver improvement.

Click here to read the full Mineweb report.