Excellon Increases Production to 500,763 Silver Equivalent Ounces in Q3 2017

http://www.excellonresources.com/news/details/index.php?&content_id=172

Toronto, Ontario – October 16, 2017 – Excellon Resources Inc. (TSX:EXN; TSX:EXN.WT; OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce third quarter 2017 production results from the Platosa Mine in Durango, Mexico.

Q3 2017 Production Highlights

  • Material increase in production following the completion of the Optimization Plan, including:
    • Silver equivalent (“AgEq”) production of 500,763 ounces, up 73% from Q2 2017 and 96% from Q3 2016
    • Silver production of 226,173 ounces, up 41% from Q2 2017 and 47% from Q3 2016
    • Lead production of 1.6 million pounds, up 86% from Q2 2017 and 78% from Q3 2016
    • Zinc production of 2.2 million pounds, up 95% from Q2 2017 and 86% from Q3 2016
  • Production rates averaging 200 tonnes per day (tpd) vs. 125 tpd in Q2 2017
  • Production headings accessed four mantos by the end of the quarter, including the high-grade 623 Manto, with further increases in production planned through the remainder of the year

“The turnaround in production at Platosa was clearly evident during the third quarter, with significantly improved tonnage-per-day, grades and costs,” stated Brendan Cahill, President and Chief Executive Officer.  “All-in sustaining cost decreased during the quarter to approximately $11-$13 per payable silver ounce.  We are now well positioned to continue ramping up production from four mantos through the fourth quarter and to realize a further decrease in AISC and increase in cash flow.”

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