Excellon Resources Inc. (TSX: T.EXN, Stock Forum) said that it has regained access to its La Platosa Mine in Mexico.
La Platosa, located in Durango State, has been under an illegal blockade commenced by the landowners, known as the Ejido, over a land rental dispute since July 8.
According to the press release, the company's work force peacefully regained regular access to La Platosa through a new alternate access with the aid of the Concerned Women of Bermejillo, a group of women from local communities that have been affected by the illegal blockade.
Early yesterday morning, a combined group of state and federal authorities peacefully reopened access to the mine site via the new access - which at the time had only five blockaders.
The company aims to continue accessing La Platosa in the coming days with the aid of the Concerned Women of Bermejillo and with the aim of resuming full production when the situation stabilizes and ordinary course permits are received.
In the event that the illegal blockaders interfere with the escort provided by the Concerned Women of Bermejillo, the company will be forced to put the mine on full care and maintenance for an indefinite period.
Excellon is a mineral resource company committed to building value through production, expansion and discovery.
On Thursday, Excellon’s stock was up 7.3% and was trading at $0.37 a share. The company has a market cap of $101.8 million, based on 275.2 million shares outstanding. The 52-week high and low was $0.80 and $0.33 respectively.