RE:3rd quarter results
Key here is the $21 mln in loss carry-fowards, in this uncertain tax environment. All-in cash cost help to support a decent cash flow.
Outlook:
"Excellon is targeting 2013 production of 1.4 million ounces of silver, 7.4 million pounds of lead and 9.8 million pounds of zinc or 2.1 million silver equivalent ounces (based on $24 silver, $0.90 lead and $0.90 zinc) at a targeted all-in cost of $14.00 per silver equivalent ounce sold.
Though still assessing the potential impact of recent tax reforms in Mexico, the Company currently holds US$21 million in loss carry-forwards in its Mexican subsidiaries that may be applied against future taxable earnings."
Cheers
Stanley