Excellon Resources Reports Net Income of $8.4 Million for 2012

Excellon Resources Inc. (TSX:EXN) reported their financial results for 2012, including production of 1.55 million silver equivalent ounces from La Platosa and net income of $8.4 million.

As quoted in the press release:

• High-grade production of 1.55 million silver equivalent ounces from the 100%-owned and royalty free La Platosa Mine in Durango, Mexico:
• Ore grades of 846 g/t (24.67 oz/T), 6.75% Pb and 11.81% Zn;
• 1.1 million ounces Ag;
• 5.7 million lbs Pb; and
• 10.5 million lbs Zn

Excellon’s Executive Chairman, Peter Crossgrove, said:

We realized the second highest net income in Company history of $8.4 million and the third highest total revenues.  Metal grades continued to be exceptional and we realized the best metal recoveries in Company history. From a production standpoint, we are beginning to demonstrate the continuing upside potential of the La Platosa Mine.

To view the whole press release, click here.