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Mar 12, 2020 1:57 AM ET

Alexco Announces Year-end 2019 Results

iCrowd Newswire - Mar 12, 2020

VANCOUVER,- Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) (“Alexco” or the “Company”) today reports financial results for the quarter and year ended December 31, 2019 (“Q4 2019” and “FY 2019”, respectively). For Q4 2019 Alexco reported a net loss of $6.3 million (“M”), or ($0.06) per share. For FY 2019 Alexco recorded a net loss of $8.9 M or ($0.08) per share. The Company’s net cash position and working capital at December 31, 2019 were $6.8 M and $10.1 M, respectively. Alexco Environmental Group (“AEG”), a wholly owned subsidiary of Alexco, recorded revenues of $29.2 M and a gross profit of $6.1 M during FY 2019.

On February 14, 2020 AEG was subsequently sold to AEG management for consideration of $13.35 M (see press release dated February 18, 2020 entitled “Alexco Divests Subsidiary Environmental Business AEG”). All amounts below include results from AEG operations.

FY 2019 Highlights




Contact Information:

Alexco Resource Corp.

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