The Conversation (0)
Excellon Resources Inc. (TSE:EXN) reports a net loss of $2,132,610 after tax for the three months ended September 30, 2010.
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.
Click here to access the entire press release