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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

Excellon Resources Inc. is engaged in the acquisition, exploration, and advancement of mineral properties. The Company is advancing a portfolio of silver, base metals and precious metals assets The Company’s project portfolio includes Kilgore, Silver City and Evolucion. The Company’s Kilgore project is an advanced gold exploration project in Idaho. The Kilgore gold project is located in Clark County, Southeastern Idaho. The Kilgore gold project comprises 614 lode mining claims and consists of approximately 6,788 hectares (ha). The Silver City is a high-grade epithermal silver district in Saxony, Germany. The Evolucion property covers 31.28 square kilometers (31,280 ha) and 17 km of strike along the Fresnillo trend, a silver district.


TSX:EXN - Post by User

Post by richman70on Jan 14, 2021 8:17am
207 Views
Post# 32292436

Q4 Numbers are out

Q4 Numbers are out

Q4 2020 Production (compared to Q4 2019)

  • Silver-equivalent ("AgEq") production increased by 18% to 556,332 AgEq oz
    (Q4 2019 – 469,707 AgEq oz), including:
    • Silver production increased by 37% to 355,581 oz (Q4 2019 – 259,282 oz),
      exceeding Q3 2020 as the strongest quarter of silver production since Q2 2014
    • Lead production increased by 32% to 2.2 million lb (Q4 2019 – 1.7 million lb)
    • Zinc production increased by 19% to 2.5 million lb (Q4 2019 – 2.1 million lb)
  • Continued improvements demonstrate positive impact of ongoing optimizations
  • Record productivity achieved in H2 2020, following restart in late Q2

"Our Platosa Mine continued to deliver strong production in Q4 2020 after our restart of operations in late Q2, with another quarter of near record mined and milled tonnage," stated Brendan Cahill , President & CEO. "The numerous improvements we have made to the operation are bearing fruit and we continue to identify additional areas for optimization. Our Miguel Auza Mill realized excellent performance throughout 2020 and continues to deliver strong and improving recoveries. Our metal production for 2020 was not far off 2019, despite losing almost an entire quarter of production due to the pandemic – a testament to the resilience and perseverance of our operational teams. We thank them for their dedication as we look forward to a strong 2021 and yet higher silver prices to come."

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