Alexco Announces Third Quarter 2020 Results and Provides 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, Nov. 12, 2020 /PRNewswire/ - Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") today reports financial results for the three month period ended September 30, 2020 ("Q3 2020") and provides comments on capital development progress at Keno Hill in anticipation of initial silver ("Ag") concentrate production in Q4 2020. For Q3 2020, Alexco reported an operating loss of $5.4 million ("M"), or $0.04 per share. Aa at September 30, 2020, the Company had $39.8 M in cash and cash equivalents, and net working capital of $38.0 M. Key Financial Metrics(Expressed in 000's of Canadian dollars, except per share and share amounts)For the Three Month Period Ended September 30,For the Nine Month Period Ended September 30,2020201920202019Revenues - Reclamation Management Revenue$795555$2,2331,703Operating Loss$(5,356)(1,947)$(10,728)(7,330)Adjusted Loss Before Taxes1$(5,514)(1,975)$(10,683)
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