Pre-acquisition, Alexco focused on high-grade silver production at Keno Hill, complemented by reclamation and environmental services contracts with the Canadian government. The company operated one of the world's highest-grade silver mines (up to 1,000 grams per tonne) and held significant undeveloped silver resources in four deposits: Bellekeno, Bermingham, Flame & Moth, and Lucky Queen.
Cyborg Score Rationale
As an acquired entity, Alexco no longer operates independently as of July 2026. Pre-acquisition, the company faced operational suspension at Bellekeno to reduce costs, though it held substantial high-grade resources. The acquisition by Hecla provided strategic validation but terminated Alexco's independent corporate existence.
Top Insights
(September 2022) Acquired by Hecla Mining Company for ~$74 million; now fully integrated into Hecla's operations
Owned Keno Hill Silver District featuring Bellekeno mine, one of the world's highest-grade silver deposits (1,000 g/tonne)
Operated dual business model: silver mining operations plus government-contracted reclamation and environmental services
Held significant undeveloped silver resources (Bermingham: 32.96 Moz indicated including 18.2 Moz probable reserves)
Named Competitors
Pan American Silver — Integrated silver mining and milling operations across the Americas
Great Panther Mining — Intermediate precious metals producer focused on silver and gold
Fortuna Silver Mines — Precious metals producer operating mines in South America and Africa
Recent Developments
(September 2022) Acquired by Hecla Mining Company; integration into Hecla's operations commenced
Operated reclamation management services focused on historical Keno Hill liabilities under Canadian government contract
Keno Hill contributed to Hecla's production target of 17-20 million ounces annually post-acquisition
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