Business
Excellon Resources Delivers Strong Q4 2020 Silver Production
TORONTO, Jan. 14, 2021 /CNW/ - Excellon Resources Inc. (TSX:EXN, EXN.WT; NYSE:EXN, and FRA:E4X2) ("Excellon" or the "Company") is pleased to announce fourth qua
About this update from Excellon Resources Inc.
[{"type":"text","content":"TORONTO, Jan. 14, 2021 /CNW/ - Excellon Resources Inc. (TSX:EXN, EXN.WT; NYSE:EXN, and FRA:E4X2) (\"Excellon\" or the \"Company\") is pleased to announce fourth quarter and annual 2020 production results from the Platosa Mine in Durango, Mexico. Q4 2020 Production (compared to Q4 2019) Silver-equivalent (\"AgEq\") production increased by 18% to 556,332 AgEq oz (Q4 2019 – 469,707 AgEq oz), including: Silver production increased by 37% to 355,581 oz (Q4 2019 – 259,282 oz), exceeding Q3 2020 as the strongest quarter of silver production since Q2 2014 Lead production increased by 32% to 2.2 million lb (Q4 2019 – 1.7 million lb) Zinc production increased by 19% to 2.5 million lb (Q4 2019 – 2.1 million lb) Continued improvements demonstrate positive impact of ongoing optimizations Record productivity achieved in H2 2020, following restart in late Q2 \"Our Platosa Mine continued to deliver strong production in Q4 2020 after our restart of operations in late Q2, with another quarter of near record mined and milled tonnage,\" stated Brendan Cahill, President & CEO. \"The numerous improvements we have made to the operation are bearing fruit and we continue to identify additional areas for optimization. Our Miguel Auza Mill realized excellent performance throughout 2020 and continues to deliver strong and improving recoveries. Our metal production for 2020 was not far off 2019, despite losing almost an entire quarter of production due to the pandemic – a testament to the resilience and perseverance of our operational teams. We thank them for their dedication as we look forward to a strong 2021 and yet higher silver prices to come.\" Production Results Q4 2020 Q4 2019 2020(1) 2019 Tonnes Mined from Platosa 21,455 19,622 66,501 74,876 Tonnes of ore processed 22,626 19,828 65,567 73,797 Tonnes of historical stockpile processed - - - 1,450 Tonnes Milled 22,626 19,828 65,567 75,247 Ore grades Silver (g/t) 536 435 519 497 Lead (%) 5.42 4.84 5.37 4.82 Zinc (%) 6.12 6.39 6.57 6.93 Recoveries Silver (%) 91.2 91.7 91.4 89.9 Lead (%) 82.9 80.2 83.7 79.2 Zinc (%) 80.1 76.5 78.9 77.7 Metal Production(2) Silver (oz) 355,581 259,282 997,690 1,054,029 Lead (lb) 2,223,465 1,690,610 6,470,637 6,134,888 Zinc (lb) 2,452,728 2,062,018 7,488,825 8,425,221 AgEq (oz)(3) 556,332 469,707 1,639,310 2,002,036 Average Realized Pric...