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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

CORPORATE

MINE OPERATIONS AND EXPLORATION

ALEXCO ENVIRONMENTAL GROUP (“AEG”)



Contact Information:

Alexco Resource Corp.








Tags:    Profitwire, Wire, North America, English