Alexco Announces Second Quarter 2020 Results, Provides Interim Operations Update
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, BC, Aug. 12, 2020 /PRNewswire/ - Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") today reports financial results for the three and six month periods ended June 30, 2020 ("Q2 2020" and "YTD 2020") and provides interim comments on capital development progress at Keno Hill in anticipation of silver production in Q4 2020. For Q2 2020 Alexco reported a net loss of $12.2 million ("M"), or $0.10 per share related primarily to non-cash items and other adjustments. At June 30, 2020, the Company had $17.8 M in cash and cash equivalents, and net working capital of $24.4 M. Subsequent to quarter end the Company completed an equity financing with aggregate gross proceeds of $30 M.Q2 2020 Highlights Consolidated Financial ResultsOverall, Alexco reported net loss of $12.2 M or $0.10 per share for Q2 2020 compared to net loss of $1.5 M for Q2 2019. The net loss for Q2 2020 is primarily a result of a non-cas
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