Alexco Announces Full Year 2020 Results and 2021 Outlook
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VANCOUVER, BC, March 11, 2021 /PRNewswire/ -
Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU)
( Alexco or the
Q4 2020 and
FY 2020 , respectively). The Company also provides an update on capital development projects and scale up of mining operations at Keno Hill and discusses anticipated mining and exploration activities in 2021.
On June 24, 2020, the Company announced that it was moving forward to production with its Bellekeno, Flame & Moth, and Bermingham mines at Keno Hill (
KHSD ,
WUL ). In the third quarter of 2020 (
Q3 2020 ) and Q4 2020, the majority of corporate activity and expenditures were focused on start-up and commissioning activities associated with this decision.
Alexco Announces Full Year 2020 Results and 2021 Outlook
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If you ignored the face masks for a moment, you could stroll through any of the larger communities in the North and almost imagine that the COVID-19 pandemic hadn’t really happened. People would give you a wider berth as you passed on the sidewalk, and you might notice a stronger sense of “buy local” among the shoppers in the stores you visit. But people would be out and about. The streets would be busy, much as they were before the pandemic. Almost.
Indeed, a superficial scan of the data suggests that the territories are coming through one of their most challenging years in decades beaten, but not broken. Nunavut and the Yukon both recorded positive, albeit weak, GDP growth in 2020 1.8 per cent and 2.9 per cent respectively, according to Conference Board of Canada projections but they were the only two jurisdictions in Canada to do so. The NWT suffered more, seeing economic growth contract 7.6 per cent according to the conference board. But the loss is tempered by expectation
That’s the urging of Geraldine Van Bibber, the Yukon Party MLA for Porter Creek North.
Highways and Public Works Minister Richard Mostyn, meanwhile, says he’s happy to see Van Bibber taking an interest in the project three months after area consultations began.
The open house would allow residents to gain direct information about the proposed highway upgrades set to start this summer, Van Bibber said Wednesday.
She has written to the government to request that this engagement be provided to residents with the proper health protocols in place before the Feb. 12 consultation deadline.
“I have heard a variety of concerns and questions about this project from many constituents,” said Van Bibber.
The Yukon government will not accept an application for a gravel quarry in the area known as the Stevens Quarry, located between the Alaska Highway and Takhini River, says a senior official.
The government issued a decision document on Dec. 29 indicating it accepted the recommendation from the Yukon Environment and Socio-economic Assessment Board that a quarry project be permitted to proceed in the area west of the Mayo Road intersection.
Susan Antpoehler of the government’s lands branch said Tuesday the assessment board process is independent of the government’s regulatory process.
Stevens Quarry, she explained, is under an administrative land reserve. As such, the government will not entertain any quarry applications for the area.
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