Loading ...Alexco Moves Forward to Production at Keno Hill
VANCOUVER, BC, June 24, 2020 /PRNewswire/ – Alexco Resource Corp. (NYSE American/TSX: AXU) (“Alexco” or the “Company”) is pleased to announce that it has received a draft amended and renewed water use license (the “WUL”) for the Keno Hill Silver District (the “District” or “Keno Hill”) from the Yukon Water Board. With the draft terms and conditions of the water license now issued and established (please see Appendix I hereto for details of certain terms of the draft WUL), the Company is moving forward with final development of its mines at Keno Hill, anticipating initial concentrate production and silver sales in Q4 2020. The Company has also entered into a non-binding term sheet (the “Term Sheet”) to beneficially amend its silver purchase streaming agreement with Wheaton Precious Metals Corp. (“Wheaton”).
more https://finance.yahoo.com/news/alexco-moves-forward-production-keno-115500527.html