Excellon Provides Update on Optimization Program and 2016 Production Results

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/506-tsx/exn/28800-excellon-provides-update-on-optimization-program-and-2016-production-results.html

TORONTO, ON–(Marketwired – January 31, 2017) – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (OTC: EXLLF) (“Excellon” or the “Company”), Mexico’s highest grade silver producer, is pleased to provide an update on the ongoing optimization program and announce fourth quarter and annual 2016 production results from the Platosa Mine in Durango, Mexico.

Highlights

  • Initial pumping results from ongoing optimization program exceeded expectation, well drilling on schedule and submersible pump calibration underway
  • 2016 Production (Compared to 2015)
    • Silver equivalent (“AgEq”) production of 1.3 million oz (2015 – 1.4 million AgEq oz)
    • Silver production of 752,689 oz (2015 – 794,289 oz)
    • Lead production of 4.4 million lb (2015 – 4.4 million lb)
    • Zinc production of 5.6 million lb (2015 7.4 million lb)
  • Q4 2016 Production (Compared to Q4 2015)
    • Silver equivalent (“AgEq”) production of 305,934 oz (Q4 2015 – 259,885 AgEq oz)
    • Silver production of 159,524 oz (Q4 2015 – 152,628 oz)
    • Lead production of 0.9 million lb (Q4 2015 – 0.8 million lb)
    • Zinc production of 1.2 million lb (Q4 2015 – 1.3 million lb)

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