October 2022 Excellon suspended operations October 2022
Excellon suspended operations in Platosa and Miguel Auza, share price was $0.50 dlls. The holding company continued with responsibility.
December 5, 2022
Stop making guesses now.
December 5, 2019
Excellon Resources, reported a legal action against its subsidiary San Pedro Resources, the share price was $4.8 dlls.
October 30, 2020
Excellon, released technical report with 100 million Oz. From Ag. In Evolution, share price was $3.50 dlls.
August 10, 2021
Excellon announces that they no longer had legal recourse in the litigation. Price of its shares was $2.50 dlls. And they compromise the holding company by presenting a fraudulent contract, trying to avoid payment.
October 2022
Excellon suspended operations in Platosa and Miguel Auza, share price was $0.50 dlls. The holding company continued with responsibility.
San Pedro Resources filed a bankruptcy petition with false information, altered financial statements, where it included Excellon Resources Inc., Silver Eagle and other of its subsidiaries as creditors of San Pedro Resources as well as a labor debt for a total amount of almost two billion pesos, once again falling into fraud, once again compromising the holding company and all its administrators, even with criminal penalties. Price of its shares was $0.48 dlls.
Current moment
An appeal is yet to be resolved, where all the evidence was provided to demonstrate that assuming without conceding that they were actually owed to their same subsidiaries, they would not collect until San Pedro Resources paid all their commitments, all their assets are not sufficient, apart from the fact that They would lose their main asset evolution with their 100 million Oz de Pg., price of their shares $0.10 dlls.
Where do they want to take this company, wouldn't it be more logical to resolve this litigation to start work again in Mexico, and have those 100 million Oz again. Ag., and become a reliable company again?
Without this arrangement, the end of Excellon Resources Inc is not very difficult to guess.