Alexco Announces First Quarter 2020 Results
Alexco Resource Corp Common Shares (Canada) (AXU)
NASDAQ:AMEX Investor Relations:
alexcoresource.com/investors/overview-1
Company Research
Source: PR Newswire
(All amounts in CDN$ unless otherwise indicated) VANCOUVER, May 13, 2020 /PRNewswire/ - Alexco Resource Corp. (NYSE American/TSX: AXU) ("Alexco" or the "Company") today reports financial results for the quarter ended March 31, 2020 ("Q1 2020"). For Q1 2020 Alexco reported net income of $12.1 million ("M"), or $0.10 per share. Q1 2020 Highlights CORPORATEAlexco reported net income of $12.1 M, or $0.10 per share for Q1 2020 compared to net income of $1.2 M for the quarter ended March 31, 2019 ("Q1 2019"). The net income for Q1 2020 included a gain on the sale of Alexco Environmental Group ("AEG") in the amount of $8.0 M and a non-cash fair value gain of $8.1 M on the embedded derivative offset by corporate overhead costs and mine-site care and maintenance costs. The net income for Q1 2019 included a non-cash fair value gain of $5.5 M on the embedded derivative offset by corporate overhead costs and mine-site care and maintenance costs. The Company's cash and cash equivalents as at Marc
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