Excellon reports second quarter 2014 production

About this update from Excellon Resources Inc.

[{"type":"text","content":"\n\nTORONTO, July 16, 2014 /CNW/ - Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) (\"Excellon\" or the \"Company\"), Mexico's highest grade silver producer, is pleased to announce second quarter 2014 production results from the La Platosa Mine in Durango, Mexico.\n\nQ2 2014 Production Highlights (Compared to Q2 2013)\n\n\nSilver equivalent (\"AgEq\") ounces produced increased by 58% to 636,713 AgEq oz including:\n\n48% increase in silver production to 374,266 oz \n52% increase in lead production to 2.3 million lb \n26% increase in zinc production to 3.1 million lb\nYear-to-date AgEq ounces increased 37% to 1.2 million AgEq oz relative to same period in 2013 \nProduction on track to meet 2014 targets with development progressing into higher grade mantos \n$10.9 million in cash, receivables and marketable securities as at June 30, 2014 ($9.1 million as at March 31, 2014)\n\"Consistently strong production over the past four quarters has delivered solid cash flow and allowed us to restart our exploration program at Platosa,\" stated Brendan Cahill, President and Chief Executive Officer. \"We are continuing our development into the as yet untapped 623 Manto, hosting an exceptionally high grade resource of over 1,200 g/t Ag, which should result in continued production improvements in the coming quarters.\"\n\nQ2 2014 Production Results\n\n\n\n\n\nQ2 2014* \n\n\nQ2 2013\n\n\n6-Mos 2014*\n\n\n6-Mos 2013\n\n\n\nTonnes Mined\n\n\n19,152\n\n\n13,456\n\n\n38,354\n\n\n31,739\n\n\n\nTonnes Milled\n\n\n19,567\n\n\n13,608\n\n\n38,457\n\n\n31,969\n\n\n\nGrades:\n\n\n\n\n\n\n\nSilver (g/t)\n\n\n594\n\n\n627\n\n\n607\n\n\n609\n\n\n\nLead (%)\n\n\n6.49\n\n\n6.62\n\n\n6.58\n\n\n6.47\n\n\n\nZinc (%)\n\n\n8.88\n\n\n10.44\n\n\n8.51\n\n\n10.20\n\n\n\nRecoveries:\n\n\n\n\n\n\n\nSilver (%)\n\n\n93.0\n\n\n95.7\n\n\n92.4\n\n\n94.1\n\n\n\nLead (%)\n\n\n84.8\n\n\n84.7\n\n\n84.7\n\n\n84.7\n\n\n\nZinc (%)\n\n\n82.8\n\n\n84.6\n\n\n81.7\n\n\n84.1\n\n\n\nMetal Production:\n\n\n\n\n\n\n\nSilver (oz)\n\n\n374,266\n\n\n252,789\n\n\n740,207\n\n\n544,002\n\n\n\nLead (lb)\n\n\n2,304,958\n\n\n1,514,465\n\n\n4,651,724\n\n\n3,700,257\n\n\n\nZinc (lb)\n\n\n3,102,239\n\n\n2,460,728\n\n\n5,731,921\n\n\n5,870,006\n\n\n\nAgEq (oz)**\n\n\n636,713\n\n\n401,858\n\n\n1,226,594\n\n\n897,387\n\n*   Subject to adjustment following settlement with concentrat...

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