"Canada's Only Primary Silver Producer"
Alexco owns and operates the Bellekeno silver mine, Canada's only operating primary silver mine and one of the world's highest-grade silver mines with a production grade of up to 1,000 grams per tonne. The Company owns 100% of the historical Keno Hill Silver District, located in Canada's Yukon Territory. The Bellekeno mine is located in this District, and it produced approximately 2 million ounces of silver during 2012. Alexco is rapidly exploring other promising high-grade silver prospects throughout its Keno Hill holdings. Two more mines are poised for production when market conditions allow, and Alexco’s promising Flame & Moth exploration property, at which 23 million ounces of silver resource has already been identified, is targeted for special focus during 2013. Alexco’s goal is to identify 100 million ounces of silver resources in this prospective District, and ramp up to more than 7 million ounces of annual silver production within the next decade. Through its Alexco Environmental Group (AEG), a rapidly growing and profitable environmental services business, Alexco holds the contract to remediate environmental impacts from past mining in the Keno Hill District, in partnership with the Canadian government and the First Nations. This unique business model allowed Alexco to obtain the mineral and mining rights to the entire Keno Hill area and identify the best prospects for future production, while simultaneously getting paid to responsibly manage the reclamation of this historical mining District. AEG supplies mine-related environmental services to government and industry clients in Canada, the U.S. and elsewhere through North and South America and overseas. Alexco has a strong conviction in the tremendous exploration potential of the Keno Hill Silver District, no financial debt, and a unique business model utilizing both its environmental and mining expertise.