Alexco Resource Corp.
rkling
ortunities
Alexco Resource Corp. is a precious metals exploration company with a growing environmental services division. Its first active mining project, the Bellekeno Mine, is gearing up for commercial production
F
or decades, the Keno Hill silver district in Canada’s Yukon Territory was a hot spot for precious metal, with mining companies taking some 217 million ounces of silver from the region between 1921 and 1988. Nearly 40 mines populated the territory, which stretches over an area of almost 100 square miles. As prices dropped and those resources became harder to reach, many of the mining companies operating in the region went bankrupt, leaving behind environmental liabilities as well as abundant unexploited resources. Vancouver, BC-based Alexco Resource Corp. saw the situation as a sparkling opportunity. Under a unique agreement with the Canadian government, Alexco secured the rights to conduct additional exploration, and eventually mining, at abandoned properties while also working to help clean the environmental contamination left behind two decades ago. What makes the arrangement feasible for Alexco is that it also operates Alexco Environmental Services, a consulting division that provides environmental services such as clean-up planning and management. The agreement calls for that division to conduct cleanup work over the next several years, addressing
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