Hebba Investments
Long only, value, contrarian, gold & precious metals

What It Really Costs To Mine Silver: The Alexco Resource First Quarter Edition

Introduction

In an earlier article, we discussed one of the most important metrics to analyze the silver industry, the actual cost of mining an ounce of silver, which can help an investor figure out whether it is time to buy SLV and/or the silver miners. In that analysis, we used the FY2012 financials to calculate the combined results of publicly traded silver companies and come up with a true all-in industry average cost of production to mine each ounce of silver.

In this analysis we will calculate the real costs of production of Alexco Resource Corporation (NYSEMKT:AXU). AXU operates the Bellekeno mine, which is the only primary silver mine in Canada and is developing other high-grade silver...

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