Business
Excellon announces improved silver grade, production and costs at La Platosa Mine
TORONTO , Sept. 17, 2013 /CNW/ - Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) ("Exce...
About this update from Excellon Resources Inc.
[{"type":"text","content":"\n\n\nTORONTO, Sept. 17, 2013 /CNW/ - Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) (\"Excellon\" or\n the \"Company\"), Mexico's highest grade silver producer, is pleased to announce significantly improved silver grade, produced\n ounces and costs during July and August at the La Platosa Mine in\n Durango, Mexico.\n\n\nHighlights\n\n\nProduction grades of ~900 g/t Ag (~26 oz/T) in July/August, including\n over 160,000 ounces of silver production in August;\n\n\n2.1 million silver equivalent ounces of production targeted for the year\n 2013;\n\n\n$14.00 all-in cost per silver equivalent ounce targeted for the year\n 2013.\n\n\n\"The development into higher grade zones completed in the first half of\n the year has put our high-grade, low-cost silver production at La\n Platosa firmly back on track,\" stated Brendan Cahill, President and\n Chief Executive Officer. \"Grades and ounces produced during the third\n quarter have been better than projected and our net cash costs remain\n among the lowest in the industry.  We expect to see our all-in costs\n trending lower through the remainder of the year.\"\n\n\nJuly and August 2013 Production Results\n\n\n \n\n\n     August 2013     \n\n\n    July 2013    \n\n\n    8-Mos 2013    \n\n\nTonnes Mined \n\n\n5,933      \n\n\n5,066     \n\n\n42,738     \n\n\nTonnes Milled \n\n\n6,107      \n\n\n4,262     \n\n\n42,338     \n\n\n Grades:\n\n\n \n\n\n \n\n\n \n\n\nSilver (g/t) \n\n\n897      \n\n\n895     \n\n\n688     \n\n\nSilver (oz/T) \n\n\n26.2      \n\n\n26.1     \n\n\n20.1     \n\n\nLead (%) \n\n\n7.45      \n\n\n5.84     \n\n\n6.56     \n\n\nZinc (%) \n\n\n8.87      \n\n\n8.03     \n\n\n9.79     \n\n\n Recoveries...