Alexco Reports Fourth Quarter and Year End 2018 Results
Alexco Resource Corp Common Shares (Canada) (AXU)
NASDAQ:AMEX Investor Relations:
alexcoresource.com/investors/overview-1
Company Research
Source: PR Newswire
VANCOUVER, March 13, 2019 /PRNewswire/ - Alexco Resource Corp. (NYSE American: AXU, TSX: AXR) ("Alexco" or the "Corporation") today reports financial results for the fourth quarter and year ended December 31, 2018. All figures are expressed in Canadian dollars unless otherwise stated. For the fourth quarter of 2018 Alexco recorded a net loss of $1.8 million ("M") or $0.02 per share. Alexco Environmental Group ("AEG"), a wholly owned subsidiary of Alexco, recognized revenues of $8.9 M with a gross profit of $2.2 M. For the full year 2018 Alexco recorded a net loss of $8.5 M or $0.08 per share, including net non-cash costs totaling $2.6 M. The net working capital position at December 31, 2018 was $10.2 M. 2018 HighlightsThe Corporation's cash and cash equivalents at December 31, 2018 totaled $8.6 M compared to $17.9 M at December 31, 2017, while net working capital totaled $10.2 M compared to $18.7 M at December 31, 2017. The Corporation's restricted cash and deposits at December 31,
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