Excellon boosts silver equivalent production in second quarter
(Kitco News) - Excellon Resources (TSX:EXN) announced today that in Q2 2021, the company produced 487,009 silver equivalent ounces, a substantial increase over 34,924 ounces produced in Q2 2020, from the Platosa mine in Durango, Mexico.
However, the company said that comparative production results from a year ago (Q2 2020) were impacted by the suspension of operations in Mexico from April 2, 2020 to June 1, 2020 in response to the outbreak of COVID-19.
The company's silver production in Q2 2021 was 296,013 ounces (Q2 2020 – 18,919 ounces), lead production was 1.9 million pounds (Q2 2020 – 0.1 million pounds), zinc production was 2.5 million pounds (Q2 2020 – 0.2 million pounds).
"Platosa delivered a fourth consecutive quarter of production at historically high productivity rates," stated Brendan Cahill, President & CEO. "We continue to see room for improvement, with our ongoing work to improve recoveries at Miguel Auza and, additionally, a sizeable inventory of ore and concentrate at quarter-end due to mill maintenance and weather conditions in late June."
Excellon is advancing a precious metals growth pipeline that includes: Platosa, Mexico's highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration.