Past year: ▼ 66%(50.0c – 2.58 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Jan 2022resource reserve update▲ GoodMajor
Bermingham's indicated resource rose 43% to 47.2 million ounces of silver at 939 g/t and inferred 70% to 19.9 million ounces at 735 g/t - grade holding as tonnes grew, unusually. Combined with Flame & Moth the indicated resource reached 74.1 million ounces, and Alexco said it was re-evaluating the mine plan as a result.
16 Dec 2021drilling result▲ Good
Final results from the 17,742 m directional drilling programme at Bermingham Northeast Deep: 52 intercepts through a zone about 500 m along strike with at least 100 m of vertical extent, feeding a revised resource estimate.
28 May 2021resource reserve update● Neutral
Qualified person's consent filed with the May 2021 Keno Hill technical report.
27 May 2021resource reserve update▲ GoodMajor
Filed an updated technical report lifting the Keno Hill reserve 22% to 1.44 million tonnes at 804 g/t silver, 3.84% zinc, 2.64% lead and 0.31 g/t gold, for 35.5 million silver ounces over eight years at an all-in sustaining cost of US$11.59 an ounce, with a mill expansion from about 400 to 550 tonnes a day in year three. The reserve rests only on drilling completed before 2019, with the 2019-2021 results still to be folded in.
19 Jan 2021drilling result▲ Good
2020 surface drilling found high-grade silver in the Bermingham Northeast Deep zone about 150 m below the resource then being developed for ore production from Q2 2021 - grade below the part of the mine about to be mined.
15 Sept 2020drilling progress report▲ Good
Mill modifications and infrastructure work on track for commissioning and first silver concentrate in Q4 2020 - the new tailings filter press 95% and the second ball mill 75% installed - and the 2020 Bermingham deep drilling programme was extended.
18 Feb 2020resource reserve update● Neutral
The Tetra Tech pre-feasibility technical report for Keno Hill, signed 13 February 2020.
4 Dec 2019drilling result▲ Good
Final 2019 results, including a new discovery at the Inca target about 3.7 km north of Bermingham, from a 3,000 m programme testing ground with a geological setting like Bermingham's.
10 Sept 2019drilling result▲ GoodMajor
First results from the Bermingham deep target: 8.1 m true width at 1,414 g/t silver, showing the mineralisation carries into the deeper stratigraphic level that hosts the neighbouring Hector-Calumet deposit.
27 June 2019drilling progress report▲ Good
Started the 2019 surface programme around Bermingham, where the indicated resource including reserves stood at 32.9 million ounces at 930 g/t silver, chasing the deposit north-east and down into the stratigraphy that hosted the historic Hector-Calumet mine (96 million ounces at a recovered 1,213 g/t).
9 May 2019resource reserve update● Neutral
Filed the technical report behind the March 2019 pre-feasibility study for expanded silver production at Keno Hill.
29 Mar 2019resource reserve update▲ GoodMajor
Pre-feasibility study for Keno Hill: after-tax net present value C$101.3m and a 74% return at US$17.90 silver, 154,000 tonnes a year at 804 g/t silver over about eight years for 27.2 million payable silver ounces, C$23.2m of initial capital and C$76.5m of sustaining capital, at all-in sustaining costs of US$11.98 an ounce. It replaces the 2017 assessment and is the first study to reserve standard.
22 Jan 2019drilling result▲ Good
Reconnaissance and deep drilling across six mostly blind district targets, testing whether the ore-control model that worked at Bermingham repeats elsewhere at Keno Hill, and confirming Bermingham mineralisation continues at depth.
20 Sept 2018resource reserve update▲ GoodMajor
Bermingham's indicated resource nearly doubled to 33.3 million ounces of silver (1.65 Mt at 628 g/t), with inferred up to 10.4 million ounces though at a grade 32% lower than before. District indicated resources rose 24% to 84.0 million ounces.
17 Sept 2018drilling result▲ Good
Fifteen more holes completing about 8,600 m of 2018 drilling at Bermingham, including 4.3 m true width at 3,605 g/t silver, with a resource update promised within the month.
10 Aug 2018drilling result▲ Good
Initial 2018 underground and surface drilling at Bermingham, aimed at tightening up the 17.3-million-ounce indicated resource and the 220,000 tonnes at 1,276 g/t silver carried in the economic assessment as potentially mineable.
2 May 2018drilling progress report▲ Good
Finished the Bermingham exploration decline and mobilised for 5,000 m of underground infill drilling plus a surface programme of at least 15,000 m - the physical access that let the deposit be drilled from inside rather than from surface.
7 Nov 2017drilling progress report▲ Good
Surface drilling around Bermingham returned 5.01 m at 2,464 g/t and 5.15 m at 1,547 g/t silver from 28 of 37 holes, expanding the deposit and opening a new shallow target 200 m to the north-east.
30 Mar 2017resource reserve update● Neutral
The RPA technical report for the Keno Hill preliminary economic assessment, effective 3 January 2017.
30 Mar 2017resource reserve update▲ GoodMajor
Renegotiated the 2008 silver stream with Silver Wheaton: the fixed US$3.90 an ounce production payment became a percentage of spot that rises when grades or prices fall, so lower-grade ore stops being uneconomic to mine, and Silver Wheaton took 3 million Alexco shares. The same release carried a new economic assessment - after-tax net present value C$79.4m, 75% return, 143,000 tonnes a year at 843 g/t silver for eight years, 25.1 million payable silver ounces, C$27m to build.
3 Jan 2017resource reserve update▲ GoodMajor
SRK more than tripled Bermingham's indicated resource, from 5.2 to 17.3 million ounces of silver, with inferred up from 0.7 to 5.5 million ounces, lifting the district-wide indicated resource 22% to 67.5 million ounces. Bermingham, discovered in the 2015-16 drilling, became the reason to restart Keno Hill.
13 Dec 2016drilling result▲ GoodMajor
Final 32 of the 50 holes at Bermingham returned 7.16 m at 4,375 g/t and 3.98 m at 6,477 g/t silver in the Bear Vein, and first metallurgical work indicated 94-96% silver and lead recoveries producing a lead concentrate over 60% lead and 30,000 g/t silver, using the existing Keno Hill district mill flowsheet.
13 Sept 2016drilling result▲ GoodMajor
Interim results from 18 of 36 holes at Bermingham, including 7.5 m true width at 2,715 g/t silver (with 2.4 m at 6,391 g/t) about 100 m down plunge of the deepest 2015 intercept. The Bear Zone now traced over at least 250 m of plunge length, open at depth and along strike.
