Alexco Resources, Silver Wheaton amend Keno Hill silver streaming deal

|About: Alexco Resource Corporation (AXU)|By:, SA News Editor

Alexco Resources (AXU) says it reached agreement with Silver Wheaton (SLW) to amend the 2008 silver purchase agreement so that the fixed $3.90/oz. silver streaming production payment is replaced with a variable production payment based on the spot price of silver.

The agreement applies to 25% of AXU's payable silver produced at its Keno Hill silver mining operations in Yukon, Canada.