Market Scheming

Tuesday, May 24, 2011

Yukon's Economy gets a boost from Alexco's first quarter production.

Section that highlights Alexco Resources Corp.:
"The Yukon Economic Outlook forecasts mineral exploration spending to exceed $250 million, setting a record high.
Mineral production is expected to exceed $560 million this year — up from a forecasted value of $284 million in 2010 — due to strong gold, silver and copper prices and the recent launch of Alexco Resources Corp.'s Bellekeno silver-lead-zinc mine and Yukon Zinc Corp.'s Wolverine zinc mine.
The Bellekeno mine officially started commercial mining operations in January, while Yukon Zinc is expected to reach commercial production at the Wolverine mine in the third quarter of this year, according to the government's outlook.
"Current estimates have the total value of production from Wolverine and Bellekeno at almost $300 million for 2011," the outlook report states in part."

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