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Excellon Resources Inc. T.EXN

Alternate Symbol(s):  EXNRF

Excellon's vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of our employees, communities, and shareholders. The company is advancing a precious metals growth pipeline that includes: Kilgore, an advanced gold exploration project in Idaho with strong economics and significant growth and discovery potential; an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history.


TSX:EXN - Post by User

Comment by silverforeveron Aug 13, 2020 7:24pm
199 Views
Post# 31406015

RE:RE:The big news,, Any Time for discovery, Place your bets !

RE:RE:The big news,, Any Time for discovery, Place your bets !Excellon's CEO has already stated this year that the company will achieve under $15 AISC in second half of this year. The statement made in this NR "Positive production and cost reductions progress following restart" suggests everything is in place to do it. The company has already set all time production records per company's 31 March 2020 NR “Both the Platosa Mine and Miguel Auza Mill realized record production tonnage during 2019,”and this should, based on this NR "Our restart of Platosa has gone well, with efforts to reduce costs bearing immediate returns as we resumed production in mid-June. Mill recoveries improved significantly following the restart, and we continue to see these improvements in the third quarter" continue going forward. That equates to a substantial Cash flow and EPS (minus exploration costs) beginning this or next quarter. That alone should get investors attention. New discoveries will be just more rocket fuel for the stock price. So far, this company has been a sleeper, but it looks to me like that is about to change. 
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