Excellon Improves Silver Grades, Production, Costs at La Platosa

Excellon Resources Inc. (TSX:EXN) announced that during July and August, its La Platosa mine, located in Durango, Mexico, generated “significantly improved” silver grades, produced ounces and costs.

Highlights include:

• Production grades of ~900 g/t Ag (~26 oz/T) in July/August, including over 160,000 ounces of silver production in August;
• 2.1 million silver equivalent ounces of production targeted for the year 2013;
• $14.00 all-in cost per silver equivalent ounce targeted for the year 2013.

Brendan Cahill, president and CEO of Excellon, commented:

The development into higher grade zones completed in the first half of the year has put our high-grade, low-cost silver production at La Platosa firmly back on track. Grades and ounces produced during the third quarter have been better than projected and our net cash costs remain among the lowest in the industry. We expect to see our all-in costs trending lower through the remainder of the year.

Click here to read the full Excellon Resources Inc. (TSX:EXN) press release.