As this long-term secular bull market for gold and silver continues to march onward, truly major moves from the sector's hottest growth stocks are bound to characterize the trend.
Commissioning of the company's first silver mine is proceeding smoothly, marking Alexco's rite of passage into the club of primary silver producers. With silver prices above $28 per ounce, and the Bellekeno mine's prolific by-product of lead and zinc poised to keep costs low, Alexco's stock is beginning to track the scent of cash flow.
In timely fashion, Alexco has also heaped some exceptional exploration results onto this bonfire of growing interest in its stock. Bellekeno is but one deposit within Alexco's assets in the historic Keno Hill district of Canada's Yukon Territory, and nearby deposits like Onek (only one kilometer from the Bellekeno mill) are proving to be treasures in their own right. Back in October, Alexco reported bonanza ore grades across a wide (10.4 meters) intersection grading 1,518 grams of silver per ton (that's 44.3 ounces per ton!), 1 gram of gold per ton, 17.9% lead, and 3.2% zinc. Along with results from additional drill holes, exploration work at Onek has confirmed an ultra-high-grade deposit with at least a 400-meter strike length. In all probability, Onek will host Alexco's second silver mine.
Alexco's exploration success will come as no surprise to Silver Wheaton
Precious metals stocks of all shapes and sizes have encountered terrific buoyancy as the metal prices surge, but Fools are reminded that the most resilient gains are to be found in the superior growth stories that set select operators apart from the pack. I recently highlighted Rubicon Minerals
Fool contributor Christopher Barker can be found blogging actively and acting Foolishly in the Motley Fool CAPS community under the user name TMFSinchiruna. He tweets. He owns shares of Alexco Resource, Endeavour Silver, Fronteer Gold, NovaGold Resources, Rubicon Minerals, and Silver Wheaton. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy that never moves.