Base Metals

Excellon Resources Inc. (TSX: EXN)(TSX: EXN.WT)(OTC: EXLLF) (“Excellon” or the “Company”) is pleased to provide an update on the ongoing optimization program and announce first quarter 2017 production results from the Platosa Mine in Durango, Mexico. Highlights Continued positive results from optimization program, with drawdown over past two weeks of 1.3 metres, higher than forecasted …

Excellon Resources Inc. (TSX: EXN)(TSX: EXN.WT)(OTC: EXLLF) (“Excellon” or the “Company”) is pleased to provide an update on the ongoing optimization program and announce first quarter 2017 production results from the Platosa Mine in Durango, Mexico.
Highlights

  • Continued positive results from optimization program, with drawdown over past two weeks of 1.3 metres, higher than forecasted at current pumping rates
  • Five of 12 submersible pumps operating, with well-cleaning and pump installation ongoing and four additional submersibles to be installed in next two weeks
  • Primary booster station running at full capacity, with second booster pump station commissioned and ready to commence pumping this week
  • Q1 2017 Production (Compared to Q1 2016)
  • Silver equivalent (“AgEq”) production of 205,314 oz (Q1 2016 – 363,552 AgEq oz)
  • Silver production of 108,118 oz (Q1 2016 – 211,557 oz)
  • Lead production of 0.6 million lb (Q1 2016 – 1.3 million lb)
  • Zinc production of 0.9 million lb (Q1 2016 – 1.6 million lb)
  • Development completed during Q1 and continually drier mining conditions resulting in improved grades and productivity being realized in April as operations access main body of Rodilla manto

“The Platosa optimization program is nearing completion,” stated Brendan Cahill, President and Chief Executive Officer. “With each additional submersible pump we are increasing the local rate of drawdown at Platosa resulting in drier mining conditions day-by-day and the results continue to confirm or exceed our projections. Essential well cleaning was largely completed during Q1 and we are now in position to install submersibles more rapidly. We remain on track for a dry mine by the end of Q2.”

Click here to read the full press release.

MARKETS

Markets
TSX19258.32+195.41
TSXV652.36+5.03
DOW31438.26-62.42
S&P 5003900.11-11.63
NASD11524.55-83.07
ASX6706.00+177.60

COMMODITIES

Commodities
Gold1826.33+2.90
Silver21.30+0.15
Copper3.84+0.08
Palladium1891.50+23.50
Platinum921.00+14.00
Oil111.12+1.55
Heating Oil4.17+0.05
Natural Gas6.51+0.01

DOWNLOAD FREE REPORTS

×