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November 14, 2013 Alexco Resource Corp. (NYSE MKT:AXU, TSX:AXR) today reports its financial results for the third quarter of 2013. All figures are expressed in Canadian dollars unless otherwise stated. For the three months ended September 30, 2013, Alexco recorded income before taxes of $3.1 million and net income of $2.2 million or $0.04 per share.
Third Quarter Highlights
Alexco’s President and Chief Operating Officer Clynt Nauman said, “Our third quarter results were solid, especially given the fact that we only operated essentially two out of the three months of the quarter before suspending operations as previously planned. Most importantly, mill throughput increased 13% to a record 321 tonnes per day (tpd) relative to the prior quarter. The professionalism and performance of our operators during this phase-down period has been outstanding and an orderly suspension of operations achieved. Our financial results are also largely a result of a strong performance by our environmental business, which continues to grow with good operating margins, and was instrumental in enabling us to preserve our quarter-end working capital position at $15.4 million.”
Nauman continued, “Our ongoing efforts have focused on putting an overall preliminary economic assessment together that encompasses Bellekeno, Lucky Queen and Flame & Moth. We also continue to talk to our third party agreement participants in efforts to lower the fixed costs to operate in the District. As well, we are evaluating underground exploration results from the latter part of the season. As these items are accomplished, we will be releasing reports on our progress.”
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