RE:RE:RE:Where is the party for EXN !?
Q1 2020 Financial and Operational Highlights (compared to Q1 2019)
Silver equivalent (“AgEq”)
production of 523,742 oz (Q1 2019 – 522,261 AgEq oz)
o Silver production increased 14% to 296,281 oz (Q1 2019 – 260,445 oz) !!
Thats where we are !!
o Lead production increased 37% to 1.9 million lb (Q1 2019 – 1.4 million lb) o Zinc production decreased 4% to 2.1 million lb (Q1 2019 – 2.2 million lb) Revenues of $6.6 million (Q1 2019 – $5.2 million) AgEq ounces payable sold of 434,190 (Q1 2019 – 383,438 AgEq ounces payable sold) Total cash cost per Ag oz payable of $15.35 (Q1 2019 – $11.71)
All-in sustaining cost net of byproducts per Ag oz payable (“AISC”) of $26.52 (Q1 2019 – $25.35) Net loss of $6.4 million or $0.06/share (Q1 2019 – net loss of $3.8 million or $0.04/share!!
Maybe we will see Silver at 30$ and AISC around 18$ one day but still its nothing to start a run to 2$ SP imo.
They should change the mine plan for Kilgore , focus on the shallow oxide material leave the Aspen Formation for later and ramp up a starter Pit with 50k Oz production , that can be achieved relativ fast because a lot of drilling is allready done in that part of the deposit.
This can create the big story imo the rest is hoping and trust Brendan.