Weak Silver Prices, High Costs, Force Alexco to Shut Down Bellekeno Silver Mine

Mineweb reported that, due to the sharp decline in silver prices, Alexco Resources (TSX:AXR) has been forced to shut down its  Bellekeno silver mine and mill at the end of the summer.

As quoted in the Mineweb report:

Alexco also said it would “use the winter period to significantly restructure the underlying fixed costs at Keno Hill, as well as refine plans for a production ramp-up to 400 tonnes per day in the 2014 – 2015 time period.” Keno Hill comprises the Bellekeno silver mine and mill.

To view the whole Mineweb report, click here.