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Excellon Resources Announces Q1 Production Results from Platosa Mine in Durango, Mexico
TORONTO, April 15, 2021 /CNW/ - Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) ("Excellon" or the "Company") is pleased to ann
About this update from Excellon Resources Inc.
[{"type":"text","content":" TORONTO, April 15, 2021 /CNW/ - Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) (\"Excellon\" or the \"Company\") is pleased to announce Q1 2021 production results from the Platosa Mine in Durango, Mexico. Q1 2021 Production (compared to Q1 2020) Silver equivalent (\"AgEq\") production of 516,715 oz (Q1 2020 – 523,742 AgEq oz), including: Silver production increase of 11% to 328,747 oz (Q1 2020 – 296,281 oz) Lead production increase of 11% to 2.1 million lb (Q1 2020 – 1.9 million lb) Zinc production increase of 13% to 2.4 million lb (Q1 2020 – 2.1 million lb) \"We continue to see improved production from Platosa after the changes we made in mid-2020, with our third consecutive quarter of more than 21,000 tonnes mined,\" stated Brendan Cahill, President & CEO. \"The mine is reaching a good steady state of production, though we continue to see opportunities to improve mill recoveries.\" Production Results Q1 2021 Q1 2020 Tonnes Mined 21,212 19,899 Tonnes Milled 21,764 19,042 Ore grades Silver (g/t) 524 542 Lead (%) 5.35 5.44 Zinc (%) 6.73 6.78 Recoveries Silver (%) 89.7 89.3 Lead (%) 81.8 82.8 Zinc (%) 74.7 74.9 Metal Production(1) Silver (oz) 328,747 296,281 Lead (lb) 2,099,741 1,890,456 Zinc (lb) 2,412,458 2,131,034 AgEq (oz)(2) 516,715 523,742 Average Realized Prices Silver (US$/oz) 26.32 15.04 Lead (US$/lb) 0.92 0.79 Zinc (US$/lb) 1.25 0.90 1. Subject to adjustment following settlement with concentrate purchaser. 2. AgEq ounces established using average realized metal prices during the period indicated applied to the recovered metal content of concentrates. AgEq ounces produced during Q1 2021 were lower than Q1 2020 as silver prices increased significantly more than base metal prices, resulting in base metal production contributing less to silver equivalency. Production in Q1 2021 improved relative to Q1 2020 as the changes and enhancements made in mid-2020 continued to be refined, including modified shift schedules, mining methods and improved water pumping and mine infrastructure efficiency. Head grades and recoveries in Q1 2021 were consistent with Q1 2020, though lower than Q3 and Q4 2021. Plant improvements during the quarter included rebuilt flotation cells, drying filters, shift schedule modifications and training and management of ...