Excellon Resources Inc. EXN Archives - Page 2 of 5

WednesdayOct 27, 2021 10:09 am

QualityStocksNewsBreaks – Society of Economic Geologists Provides Overview of Saxony’s Mining History, an Area of Focus for Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2)

The Society of Economic Geologists (“SEG”) Student Chapter from the Freiberg’s University of Mining & Technology, one of the world’s oldest and most traditional mining-focused universities, recently carried out an overview of Germany’s Freiberg and the re-emergence of mining exploration within the area. Located within the Saxony region, the town of Freiberg has a long and storied mining history dating back to 1168 AD, when the first silver ore was found in the surrounding areas to the town. By the 16th Century, mining in the Erzebirge, or ‘Ore’ Mountains, had turned Saxony into one of Europe’s wealthiest kingdoms. Today, nearly…

TuesdayOct 26, 2021 11:42 am

QualityStocksNewsBreaks – Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Announces High-Grade Mineralization Results at Platosa

Excellon Resources (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) today announced results from underground drilling at the Platosa Mine in Durango, Mexico. Among the highlights, the company reported high-grade results from the 623, NE-1, NE-1S and Pierna mantos, with diamond drilling results from underground. According to the update, underground drilling continues to define and delineate mineralization to support mine planning, and follow-up drilling on vertical zone intersected in hole EX21UG690 is underway with assays pending. “Drilling at Platosa continues to define and extend high-grade mineralization ahead of production,” said VP of Exploration Jorge Ortega in the news release. “We continue…

MondayOct 25, 2021 10:03 am

QualityStocksNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Names New Management, Board Personnel

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has appointed a new board member and announced a new management team member. The company has named Jeff Swinoga as an independent director to Excellon’s board of directors; Swinoga will also serve as chair of the company’s audit committee. In addition, EXN noted that Jorge Ortega will be serving as the company’s new vice president, exploration. An experienced mining executive with more than 25 years of executive and management experience in the areas of capital markets, project advancement, development and project construction, Swinoga was most recently the national mining and metals co-leader at EY Canada. He…

FridayOct 22, 2021 12:50 pm

Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Set to Partake in the Predicted Commodity Supercycle

An estimated $173 trillion in energy supply and infrastructure investment is needed over the next 3 decades to facilitate the transition towards electric vehicles and renewable energy sources The energy transition is set to drive the next commodity supercycle; however, commodity supply growth has thus far been slow to catch up to rampant demand Only a single, dedicated silver mine commenced production in 2019, the last uninterrupted production year prior to the onset of the pandemic Through its diversified resource base and robust production profile, Excellon Resources has positioned itself well within the metal markets The ongoing, era-defining shift from…

TuesdayOct 19, 2021 1:34 pm

Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Takes Part in Reviving Saxony’s Rich Mining History

Saxony’s Freiberg has a rich & storied mining history, dating back to 1168 AD, as depicted by a recent video from the Society of Economic Geologists (“SEG”) Student Chapter from the Freiberg University of Mining & Technology The region quickly became synonymous with mineral breakthroughs, including the discovery of novel chemical elements such as Germanium and Indium Excellon Resources has sought to revive the region’s rich mining traditions, acquiring interests in 34,150 hectares within the historically significant Silver City mineral field in Saxony, Germany Silver mining has long been synonymous with Germany’s Saxony region. The first silver ore in the…

WednesdayOct 13, 2021 1:16 pm

Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Stands Poised to Benefit from a Surge in Global Silver Demand

Rising investment demand for silver has seen several entities inaugurate dedicated warehouses set to house the precious metal Demand for silver is being led by a combination of investment demand and industrial usage, driven by resurgent demand for renewable energy resources Excellon Resources is well poised, benefitting from the ongoing production at their Platosa Mine project as well as the promising prospects for their Kilgore and Silver City deposits The inside of a dusty six-story high warehouse near Singapore’s Changi airport, a vast hangar-like space, currently holds around 400 tons of silver. Once complete, the vault will be able to…

TuesdayOct 05, 2021 10:09 am

QualityStocksNewsBreaks – Excellon Resources Inc.’s (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Drill Campaign Continues to Define High-Grade Mineralization at Platosa

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced results from underground drilling at the Platosa Mine in Durango, Mexico. Among the highlights, the company reported further high-grade results from the 623, NE-1S, and Guadalupe South mantos, with diamond drilling results from underground. “Drilling at Platosa continues to define high-grade mineralization ahead of production,” said SVP of Geology and Corporate Development Ben Pullinger. “With EX21UG690, we have potentially discovered a new zone of very high-grade mineralization sitting below the historically mined upper part of the 623 Manto. This mineralization is located approximately 80 metres above the deepest current…

ThursdayAug 26, 2021 12:59 pm

QualityStocksNewsBreaks – Excellon Resources Inc.’s (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Platosa Continues Production at Historically High Rates

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), a silver and base metals producer with precious metal projects in Mexico, Idaho and Germany, recently published its second quarter results for the 2021 fiscal year. Among the highlights, the company reported Q2 2021 revenues of $9.7 million, up from the $0.7 million registered in Q2 2020, and significantly improved gross profit to $2.1 million, up from last year’s loss of -$2.6 million. “Excellon Resources’ strong second quarter results were directly correlated to the robust production numbers generated from the Platosa Mine in Durango, Mexico,” reads a recent article. “Excellon saw…

WednesdayAug 18, 2021 10:41 am

QualityStocksNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Results from Underground Drilling at Platosa Project

Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has reported that it is drilling 1,828 g/t silver equivalent over more than five meters at its Platosa Mine in Durango, Mexico. Additional highlights of the report include 2,368 g/t AgEq over 1.6 meters in EX21UG597 and 1,481 g/t AgEq over 2.5 meters in EX21UG601. In addition, the company noted that the drilling results from underground continue to define mineralization in areas ahead of production at the 623, NE-1 and NE-1S Mantos as well as outside of the current mine plan. The drilling into the 623 and NE-1 Mantos specifically improve…

TuesdayAug 17, 2021 9:30 am

Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Reports Strong Second Quarter Financial Results

The company reported revenues of $9.7M, in-line with Q1 2021’s sales while gross profit improved to $2.1M, up 16% quarter over quarter Excellon’s production cost per tonne decreased to $273, down 8% quarter over quarter The company also increased its exploration expenditures to $1.8M in Q2 2021, with ongoing mining activity at Mexico’s Platosa mine, as well as in their German and Idaho-based sites Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), a silver and base metals producer with precious metal projects in Mexico, Idaho and Germany, has recently published their second quarter results for the 2021 fiscal year.…

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