On January 1, 2011, Alexco Resource Corporation opened mining operations in its Bellenkeno mine in Canada. What’s special about this mine is that it contains not only silver, but also lead and zinc. With the rise of silver and gold prices, non-precious metal prices have also risen. It is estimated that the profits from mining and selling the lead and zinc will cover all of the extraction costs of the silver. Therefore, the revenues from selling the silver are 100% profits. In the first six months of 2011, the Bellenkeno mine produced $15.8 Canadian from mining 7956 tons of zinc, lead and silver concentrate.
Alexco stock has been rising steadily since 2009 and will probably continue upwards as a result of the Bellenkeno mining operations.
To give you an example of some of the staff, Bradley A Thrall is the COO and has 20 years of experience in operations management. He also has a BSc in metallurgical engineering and has earned an MBA.
Mr. Alan McOnie has 30 years of experience as a professional geologist. He has both a BSc and an MSc in geology and has held many management positions throughout his career.
Thomas Fudge is a Senior VP of engineering and has worked in the field for over 30 years. He has a BSc in mining engineering and has concentrated in silver, gold, zinc and lead for the last 20 years. There are other professional managers at Alexco and they have been succeeding.