Excellon’s Silver Production Up 120 Percent in Q2
Mexico-focused Excellon Resources' (TSX:EXN,OTC:EXLLF) second quarter silver equivalent production jumped 120 percent year-on-year, with output reaching 637,205 ounces compared to 289,566 ounces this time last year, the company reported on Monday (July 30). The company also noted that its sales increased from 249,733 ounces of silver equivalent to 568,370 ounces, boosting revenue by 177 percent to US$9.9-million and posting a net profit of US$1.3-million, which is up year-on-year from US$0.5-million. “We saw strong improvements in all areas of operational and financial performance during the second quarter. Most importantly, we realized all-in sustaining costs per silver ounce payable of less than [...]