11:33:26 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Alexco Resource Corp
Symbol AXR
Shares Issued 92,972,694
Close 2017-02-14 C$ 2.43
Market Cap C$ 225,923,646
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Lundin refreshes Alexco Resource buy

2017-02-14 21:01 ET - In the News

Brien Lundin, in the February, 2017, edition of the Gold Newsletter, refreshes his buy of Alexco Resource Corp., recently $2.24. He previously said buy in December, 2016, at $1.80. A $1,000 investment then is now worth $1,243. Alexco recently released a resource estimate for its Bermingham silver deposit in the Yukon. The estimate included recent drill results from the high-grade Bear zone, and pegged the Bermingham deposit's total indicated resources at 17.3 million ounces grading 628 grams per tonne silver, with additional inferred resources of 5.5 million ounces grading 770 g/t silver. These "eye-popping" numbers, says Mr. Lundin, should put Alexco on the short list of any silver bug. The company should soon release further drill results from the Bear zone as well as a preliminary economic assessment incorporating the recent resource estimate. As well, Alexco is working on revising an important streaming agreement with Silver Wheaton. With all these "catalysts" coming up, Mr. Lundin says now is a good time to build or add to a position in Alexco.

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