Resource News

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

Resource Investing News

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.

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.

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