Excellon Reports First Quarter Production

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[{"type":"text","content":"\n\n\n\n\n\nToronto Stock Exchange - EXN\n\n\nTORONTO, April 15, 2013 /CNW/ - Excellon Resources Inc. (TSX:EXN) (\"Excellon\" or the \"Company\"), Mexico's highest grade silver producer, is pleased to report Q1 2013 production from the La Platosa Mine in the\n state of Durango, Mexico.  Highlights of the first quarter include:\n\n\nSilver production of 312,167 ounces at an average ore grade of 591 g/t;\n\n\nStrong lead and zinc production of a combined 5.67 million pounds\n resulted in silver equivalent production of 495,529 ounces;\n\n\nOre tonnage production for the quarter was the third highest in La\n Platosa history;\n\n\nMetal recoveries continue to improve and exceed expectations;\n\n\nNet cash costs of $6.64 per ounce of silver remain among the lowest of\n industry comparables.\n\n\nQ1 2013 Production Update: \n\n\n\n\n \n\n\nQ1 2013\n\n\nQ1 2012\n\n\nTonnes\n\n\n18,361\n\n\n17,132\n\n\nGrades:\n\n\n \n\n\n \n\n\nSilver (g/t)\n\n\n591\n\n\n949\n\n\nSilver (oz/T)\n\n\n17.24\n\n\n27.68\n\n\nLead (%)\n\n\n6.35\n\n\n6.60\n\n\nZinc (%)\n\n\n10.01\n\n\n10.61\n\n\nRecoveries:\n\n\n \n\n\n \n\n\nSilver (%)\n\n\n93.70\n\n\n91.9\n\n\nLead (%)\n\n\n84.82\n\n\n77.1\n\n\nZinc (%)\n\n\n83.76\n\n\n84.4\n\n\nMetal Production:\n\n\n \n\n\n \n\n\nSilver (oz)*\n\n\n312,167\n\n\n436,351\n\n\nLead (lb)*\n\n\n2,161,223\n\n\n1,902,028\n\n\nZinc (lb)*\n\n\n3,506,965\n\n\n3,254,953\n\n\nAg Eq (oz)*\n\n\n495,529(1)\n\n588,027(2)\n\n\n\n\n*  Subject to adjustment following settlement with concentrate purchaser.  (1) Silver equivalent ounces in Q1 2013 were established using prices of\n US$29 per oz, US$1.00 per lb, and US$0.90 per lb for silver, lead and\n zinc, respectively, and applied to the recovered metal content of the\n concentrates.(2) Silver equivalent ounces in Q1 2012 were established using prices of\n US$34 per oz, US$1.00 per lb, and US$1.00 per lb for silver, lead and\n zinc, respectively, and applied to the recovered metal content of the\n concentrates.\n\n\nSilver production during the quarter was lower than budgeted primarily\n due to the mining of lower grade mantos in the ordinary course and,\n secondarily, due to equipment maintenance issues in early January. \n Production during February and March increased significantly and is\n expected to continue at or improve fro...

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