Excellon Reports Q3 Financial Results

Excellon Resources Inc. (TSX:EXN) reports a net loss of $2,132,610 after tax for the three months ended September 30, 2010.

The press release is quoted as saying:

During the three month period ended September 30, 2010 the Company recorded a loss of $2.1 million compared to net income of $967,133 for the three month period ended October 31, 2009. Income from mine operations for the quarter was $1.4 million compared to $4.5 million for the quarter ended October 31, 2009. Half-way through the third quarter of 2010 the mine encountered water problems as discussed above. This resulted in lower production at lower grades.

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