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Mexico's highest grade Silver producer -
http://www.excellonresources.com/_resources/presentation/corporate-presentation.pdf
Excellon Resources I (EXN)
1.74 ? 0.04 (2.35%)
Volume: 172,210 @ 1:55:35 PM EST ET
Bid Ask Day's Range
1.73 1.74 1.69 - 1.74
TSX:EXN Detailed Quote
Excellon Resources Inc. (TSX:EXN) -
http://www.excellonresources.com/index.php/investors/events
https://politicalvelcraft.org/silver/
http://www.excellonresources.com/index.php/investors/news/2016/182-excellon-reports-second-quarter-2016-financial-results
http://www.excellonresources.com
http://www.kitconet.com/images/live/ag0001wb.gif
- God Bless
NYBob,
Thanks for the heads up....
chevy56
Excellon Resources Inc. (TSX:EXN) -
http://www.excellonresources.com/index.php/investors/events
https://politicalvelcraft.org/silver/
http://www.excellonresources.com/index.php/investors/news/2016/182-excellon-reports-second-quarter-2016-financial-results
http://www.excellonresources.com
http://www.kitconet.com/images/live/ag0001wb.gif
- God Bless
Excellon Resources I (EXN) $1.98 ? 0.26 (+15.12% )
Volume: 989,590 @ 4:15:45 PM ET
Bid Ask Day's Range
1.96 1.98 1.82 - 1.98
TSX:EXN Detailed Quote
https://politicalvelcraft.org/2012/11/19/ira401k-confiscation-coming-cash-out-get-outside-of-the-system-into-gold-silver/
20 + + dollar coming soon imo smile)
https://www.savenetneutrality.eu/?from=banner&optout=true
http://www.excellonresources.com/index.php/investors/news/2016/182-excellon-reports-second-quarter-2016-financial-results
http://www.excellonresources.com
http://www.kitconet.com/images/live/ag0001wb.gif
- God Bless -
20 dollar coming soon imo :)
Silver Futures (SI\Z16) $18.475/oz UP +$0.555 (+3.10% )
Volume: 3,629 @ 1:26:15 PM ET
Bid Ask Day's Range
18.445 18.455 17.96 - 18.635
COM^SI\Z16 Detailed Quote
http://www.excellonresources.com/
http://aminewswire.com/stories/510724790-naked-short-sellers-squeezed-by-supreme-court
Legendary gold trader Jim Sinclair is ready to sue
the pants off the gold and silver manipulators -
http://investorshub.advfn.com/boards/replies.aspx?msg=122036726
Please, pass it along to every GOLDBUG, TIA. >>>>>>>>>>
We are in this together, and we are in it to win it.
Best Regards,
Jim Sinclair
http://www.jsmineset.com/
ex....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122023206
- God Bless -
goforhebet thank you, SILVER... 'Stand Up and DELIVER or DEFAULT!' -
| Bo Polny
we have some first class miners in our portfolio... ;)
goforthebet thank you, All you wanted to know about the Shanghai Gold Fix -
http://www.thehindubusinessline.com/opinion/columns/article8520060.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication
MEGA BANK RIGGED GLOBAL GOLD/SILVER MARKETS "TELLS ALL" re OTHER BANKS.
by MLordandGod
BUSTED: How The World's Largest Banks Manipulated Gold & Silver Prices - Mike Maloney -
Recent volatility in the equities market has driven safe-haven demand for gold -
DJIA off more than 200 points -
U.S. yields tumbled as hopes for a 2015 rate hike further eroded.
The 30-year yield hit a record low of 2.396%.
The 10-year broke below the 1.86% low from last October, reaching 1.784%;
a level last seen in May of 2013.
http://www.nbcnews.com/watch/cnbc/gold-regaining-safe-haven-status-pro-384344643922
Seasonality Is Supporting Gold In The Weeks Ahead -
Gold Silver Worlds | January 13, 2015 |
Category: Investing
Tags: gold prices, gold seasonality
The chart below shows the seasonal pattern for gold.
Notice that gold gained an average of 2.1% in January and
is up 55% of the time.
February was also a positive month -
- me as a hobo -
its not late -
its just to make sure the train going in
the right direction before jump on it - ~<smile)
God Bless
gharma thanks, me as a hobo -
Seasonality Is Supporting Gold In The Weeks Ahead -
Gold Silver Worlds | January 13, 2015 |
Category: Investing
Tags: gold prices, gold seasonality
The chart below shows the seasonal pattern for gold.
Notice that gold gained an average of 2.1% in January and
is up 55% of the time.
February was also a positive month -
gharma thanks, me as a hobo -
its not late -
its just to make sure the train going in
the right direction before jump on it - ~<)
ex....
God Bless
EXCELLON RENEWS SHARE BUYBACK PROGRAM -
Toronto, Ontario – November 28, 2014 –
Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the “Company"),
Mexico’s highest grade silver producer,
is pleased to announce that the Toronto Stock Exchange (the “TSX”) has
approved the notice of its intention to make a normal course issuer bid (the
“NCIB Program”).
http://www.excellonresources.com/index.php/investors/news/2014/140-excellon-renews-share-buyback-program
http://www.excellonresources.com/images/Presentation/EXN_Corporate_Presentation_-_December_10_2014_-_minimized.pdf
http://investorshub.advfn.com/Excellon-Resources-Inc-TSX-EXN-9603/
God Bless
Excellon Renews Share Buyback Program -
TORONTO, ON--(Marketwired - November 28, 2014) -
Excellon Resources Inc. (TSX: EXN) (OTC PINK: EXLLF) ("Excellon" or
the "Company"), Mexico's highest grade silver producer, is pleased to
announce that the Toronto Stock Exchange (the "TSX") has approved the
notice of its intention to make a normal course issuer bid (the "NCIB
Program").
The Company filed the NCIB Program to allow for market purchases of the Company's common shares. Pursuant to the terms of the NCIB Program, Excellon shall be permitted to purchase common shares for cancellation through the facilities of the TSX at the prevailing market price of the common shares. The Company may purchase a maximum of 5,204,331 common shares (or 10% of the total public float as of November 24, 2014) pursuant to the NCIB Program. Purchases will be subject to a daily maximum of 7,479 common shares, except where such purchases are made in accordance with the "block purchase exception" under the TSX Company Manual. The average daily trading volume for the six calendar months ending October 31, 2014 was 29,920 common shares.
Excellon may make purchases from time to time commencing on December 3, 2014 and ending on December 2, 2015. The NCIB Program has been implemented to improve shareholder liquidity and trading volumes and to allow purchases of common shares by the Company during periods where such common shares are undervalued relative to the Company's business and future prospects.
During the past 12 months, the Company purchased 105,800 common shares at a weighted average price per security of $1.19 under its previous normal course issuer bid program.
Excellon had 54,912,497 issued and outstanding common shares as at the close of business on November 24, 2014.
About Excellon
Excellon's 100%-owned and royalty-free La Platosa Mine in Durango is Mexico's highest grade silver mine, with lead and zinc by-products making it one of the lowest cash cost silver mines in the country. The Company is positioning itself to capitalize on undervalued projects by focusing on increasing La Platosa's profitable silver production and near-term mineable resources.
Additional details on the La Platosa Mine and Excellon's exploration properties are available at
http://www.excellonresources.com
God Bless
Excellon Resources I (EXN) $0.86 UP $0.11 (+14.67%
Volume: 246,500 @ 3:59:48 PM ET
Bid Ask Day's Range
0.83 0.87 0.77 - 0.88
TSX:EXN Detailed Quote Wiki
Webcast EXN
http://www.excellonresources.com/images/Presentation/EXN_Corporate_Presentation_-_December_10_2014_-_minimized.pdf
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2014/09/11/excellon-resources-inc/play/stream/12443
Excellon Resources, Inc. (EXN.TO) LT wkly
http://www.excellonresources.com/
God Bless
Perhaps the best part of their successful cost reduction efforts is that they are now spending on the exploration in the area thought to be closing in on the "proximal source" for the mantos mineralization fluids, where they were beginning to find elevated gold assays. Spend on that getting cut to hunker through th market downturn was undertstandable, but painful after so many year working out the geo-model etc. I smiled when the program was reinstated as it is the very big fish in this pond.
Excellon Reports Second Quarter 2014 Financial Results -
TORONTO, July 30, 2014 /CNW/ -
Excellon Resources Inc.
(TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"),
Mexico's highest grade silver producer, is pleased to report
financial results for the three and six-month periods ended
June 30, 2014.
Q2 2014 Financial Highlights (Compared to Q2 2013)
110% increase in revenue to $8.8 million (Q2 2013 – $4.2 million)
45% increase in payable ounces produced to 545,343 AgEq ounces (Q2
2013 – 374,207 AgEq ounces), the best quarter of AgEq production
since Q1 2010
Mine operating earnings of $2.1 million (Q2 2013 – net loss of $1.8 million)
Net loss of $0.7 million or $0.01/share (Q2 2013 – net loss of $5.0 million or $0.09/share)
Improved cash flow from operations to $1.6 million or $0.03/share
before changes in working capital (Q2 2013 –
out flow of $3.3 million or $0.06/share)
Total cash cost per Ag ounce payable of $9.03 (Q2 2013 –
$13.69) and $10.44 year-to-date
All-in sustaining cost ("AISC") per Ag ounce payable decreased to
$14.59 (Q2 2013 – $30.64) and
$15.98 year-to-date
20% increase in cash, receivables and marketable securities during
the quarter to $10.9 million at June 30, 2014 ($9.1 million at
March 31, 2014)
19% increase in working capital to $14 million at June 30, 2014
($11.8 million at March 31, 2014)
"We continued to generate positive cash flow during Q2 despite
another period of low silver prices," stated
Brendan Cahill, President and Chief Executive Officer.
"Our all-in sustaining costs continued to improve this quarter and,
with improved silver prices and higher grade mineralization ahead,
we expect to continue building our cash position through
the rest of the year.
We are also encouraged by the ongoing strengthening of zinc and
lead prices, which currently contribute approximately
40% of our revenue and ensure low per ounce production costs
on a byproduct basis."
Financial and Operating Highlights
Financial results for the three and six-month periods ended June 30, 2014 and 2013 are as follows:
('000's of USD, except amounts per share
and per ounce)
http://web.tmxmoney.com/article.php?newsid=69328722&qm_symbol=EXN
Excellon Resources, Inc. (EXN.TO) LT wkly
http://www.excellonresources.com/
God Bless
Excellon Reports Second Quarter 2014 Financial Results -
TORONTO, July 30, 2014 /CNW/ -
Excellon Resources Inc.
(TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"),
Mexico's highest grade silver producer, is pleased to report
financial results for the three and six-month periods ended
June 30, 2014.
Q2 2014 Financial Highlights (Compared to Q2 2013)
110% increase in revenue to $8.8 million (Q2 2013 – $4.2 million)
45% increase in payable ounces produced to 545,343 AgEq ounces (Q2
2013 – 374,207 AgEq ounces), the best quarter of AgEq production
since Q1 2010
Mine operating earnings of $2.1 million (Q2 2013 – net loss of $1.8 million)
Net loss of $0.7 million or $0.01/share (Q2 2013 – net loss of $5.0 million or $0.09/share)
Improved cash flow from operations to $1.6 million or $0.03/share
before changes in working capital (Q2 2013 –
out flow of $3.3 million or $0.06/share)
Total cash cost per Ag ounce payable of $9.03 (Q2 2013 –
$13.69) and $10.44 year-to-date
All-in sustaining cost ("AISC") per Ag ounce payable decreased to
$14.59 (Q2 2013 – $30.64) and
$15.98 year-to-date
20% increase in cash, receivables and marketable securities during
the quarter to $10.9 million at June 30, 2014 ($9.1 million at
March 31, 2014)
19% increase in working capital to $14 million at June 30, 2014
($11.8 million at March 31, 2014)
"We continued to generate positive cash flow during Q2 despite
another period of low silver prices," stated
Brendan Cahill, President and Chief Executive Officer.
"Our all-in sustaining costs continued to improve this quarter and,
with improved silver prices and higher grade mineralization ahead,
we expect to continue building our cash position through
the rest of the year.
We are also encouraged by the ongoing strengthening of zinc and
lead prices, which currently contribute approximately
40% of our revenue and ensure low per ounce production costs
on a byproduct basis."
Financial and Operating Highlights
Financial results for the three and six-month periods ended June 30, 2014 and 2013 are as follows:
('000's of USD, except amounts per share
and per ounce)
http://web.tmxmoney.com/article.php?newsid=69328722&qm_symbol=EXN
Excellon Resources, Inc. (EXN.TO) LT wkly
http://www.excellonresources.com/
God Bless
Excellon Resources I (EXN)
1.4 ? -0.03 (-2.10%)
Volume: 14,900 @ 3:41:19 PM ET
Bid Ask Day's Range
1.39 1.42 1.4 - 1.44
TSX:EXN Detailed Quote Wiki
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101496977
Excellon Resources I (EXN)
1.26 ? 0.02 (1.61%)
Volume: 6,800 @ 1:56:30 PM ET
Bid Ask Day's Range
1.26 1.28 1.24 - 1.28
TSX:EXN Detailed Quote Wiki
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101496977
Q1 2014 results in - Excellon reports net earnings of $1.9 million from first quarter 2014
Excellon Resources Inc. (PC) (USOTC:EXLLF)
Today : Wednesday 30 April 2014
TORONTO, April 29, 2014 /CNW/ -
Excellon Resources Inc.
(TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's
highest grade silver producer, is pleased to report financial
results for the three-month period ended March 31, 2014.
Q1 2014 Highlights
Revenue of $10.5 million (Q1 2013 – $10.1 million)
Sales of 624,953 AgEq ounces (Q1 2013 – 476,281 AgEq ounces),
including 383,782 oz Ag, 2,482,210 lbs Pb and 2,877,156 lbs Zn
Mine operating earnings of $2.7 million (Q1 2013 – $4.1 million)
Net income of $1.9 million or $0.03/share (Q1 2013 – net loss of
$0.6 million or $0.01/share)
Cash flow from operations of $2.1 million or $0.04/share before
changes in working capital (Q1 2013 – loss of $0.6 million or
$0.01/share)
Total cash cost per silver ounce payable of $11.76 (Q1 2013 –
$9.09)
All-in sustaining cost ("AISC") per silver ounce payable of $17.28 (Q1 2013 – $24.06)
Cash, marketable securities and current accounts receivable totaled $9.1 million at March 31, 2014 ($7.0 million at December 31, 2013)
Working capital totaled $11.8 million at March 31, 2014
($10.3 million at December 31, 2013
".....During the first quarter, we demonstrated positive cash flow
and profits, even while producing from relatively lower grade
mantos at Platosa and at currently low silver prices," stated
Brendan Cahill, President and Chief Executive Officer.
"With years of significantly higher grade resource ahead of us,
we are well positioned to grow even in this subdued silver price
environment.
Starting this quarter, we are reporting in accordance with the
World Gold Council's all-in sustaining cost ("AISC") standards,
which will provide investors with a clearer perspective on our
cash flow per payable ounce of silver.........."
(Cont.)
http://ih.advfn.com/p.php?pid=nmona&article=62012675&symbol=EXLLF
God Bless
EXCELLON STARTS 2014 WITH STRONG FIRST QUARTER PRODUCTION
Toronto, Ontario – April 15, 2014 – Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the “Company"), Mexico’s highest grade silver producer, is pleased to announce first quarter 2014 production results from the La Platosa Mine in Durango, Mexico.
Q1 2014 Production Highlights
• 589,881 silver equivalent ounces produced (Q1 2013 – 495,529 AgEq oz), including:
o 365,941 oz Ag (Q1 2013 – 312,167 oz Ag)
o 2.3 million lbs Pb (Q1 2013 – 2.2 million lbs Pb)
o 2.6 million lbs Zn (Q1 2013 – 3.5 million lbs Zn)
• Production on track to meet 2014 targets
• Cash, current accounts receivable and marketable securities total $9.1 million as of March 31, 2014 ($7 million as of December 31, 2013)
http://www.excellonresources.com/index.php/investors/news/2014/129-excellon-starts-2014-with-strong-first-quarter-production
God Bless
EXN GOLD Price Here Is The Roadmap To $4,000 Gold -
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/19_Here_Is_The_Roadmap_To_%244%2C000_Gold_%26_Skyrocketing_Silver.html
Holding the Share Certificate Insures Your Ownership Stocks
Holding the Share certificate insures your ownership of that stock -
the certificat becomes as a deed a legal document of ownership in -
Excellon Resources Inc. (TSX:EXN)
if the banks close the doors and fiat$ goes down -
E.g., Excellon Resources Inc. (TSX:EXN) will be Re-marketvalued
in a new currency -
ONLY if backed by The Gold Standard -
it will be The REAL MONEY -
and you need the certificat deed of ownership -
its only a phone call away - call your broker and
demand the certificate -
do yourself and your family a favour -
call your broker and
demand the certificate -
Holding the certificate insures your ownership of that stock -
ITS A MUST FYOG - For Your Own Good -
They do not need to "confiscate",
You are a creditor of the bank -
The money you put in the bank or the stock is not yours
after it enters the door of the bank.
The bank just gives you an IOU
Small creditors are the first to loose when things go south. Remember banks never loose.
Holding the certificate insures your ownership of that
stock and not the banks.
exactly what rallars said.
You DON"T own those shares.
Your brokerage does and they can do
anything they want with them in
ex. their street name -
You only have computer entry with them, that's it.
Many things can happen
if you are day to day trader and if you buy and sell
many times per day, it is fantastic tool,
but if you are long...
if I understand you correctly, you're saying
that if I deposit shares in a bank
they do not have to pay me back the shares?
They simply give me an "IOU", which they have
NO obligation to honor?
And if the bank goes bankrupt, their creditors
have NO obligation
to honor the share agreements in the accounts that hold the shares?
Is that what you're trying to say?
"Remember banks never loose"
They would seeem to if they were bankrupt and unable
to pay back creditors.
baranja, you say, "Many things can happen".
Could you describe a scenario in which you would
no longer be able to do
what you wish with those shares held by a bank
for your convenience?
thanks
Even worse, if the financial institution that has
control of your shares,
they can short your company..........
But thats the price we pay for instant liquidity,
if you take possesion
it takes more time & money to buy & sell..........
good for longer term holds..............
Not all financial institutions are equal
Insolvent banks....all are with the crazy derivative fiat$600trillion -
MF Gloal scenario,
how about Maddoff,
Great depression colapse,....
Or just simply.. "here is cash, ..no shares for you,
sorry about inconvenience.."..
Can this happen,.. maybe.. who knows.
Holding the certificate insures your ownership of that
stock and not the banks - and the banks can NOT use
your shares for short selling -
Get Your Share Certificate!!!
if you want HIGHER SHARE PRICE and
become a Excellon Resources Inc. (TSX:EXN) Long TEAM member -
Thanks in advance -
EXCELLON PRODUCES 2.1 MILLION SILVER EQUIVALENT OUNCES IN 2013
Toronto, Ontario – January 16, 2014 –
Excellon Resources Inc. (TSX:EXN; OTC:EXLLF)
("Excellon" or the “Company"), Mexico’s highest grade silver
producer, is pleased to announce fourth quarter and annual 2013
production results from the La Platosa Mine in Durango, Mexico.
Q4 and 2013 Production Highlights
2.1 million silver equivalent ounces (“Ag Eq Oz”) produced during 2013
(Q4 – 545,000 Ag Eq Oz), including:
1.4 million oz Ag (Q4 – 411,000 oz Ag)
7.3 million lb Pb (Q4 – 1.7 million lb Pb)
9.9 million lb Zn (Q4 – 1.9 million lb Zn)
Record annual produced and milled tonnage of ~70,000 tonnes,
including record quarterly produced tonnes of ~20,000 tonnes in
Q4
“During the latter half of 2013 we began to see the results of
our continuing efforts to improve and optimize
La Platosa production,” stated Brendan Cahill, President and
Chief Executive Officer. “Of particular note, during the last
two quarters of the year we milled almost 38,000 tonnes of
ore grading 812 g/t silver for 866,000 silver ounces,
demonstrating the potential to increase tonnage while
maintaining an industry leading grade and cost profile.”
“Our teams at La Platosa and Miguel Auza deserve great credit
for the significant improvements in production that were
realized in the second half of the year.
We aim to continue increasing our production profile and
reducing costs into 2014, while further enhancing the
foundation of our business – the health and
safety of our workers.”
Q4 and 2013 Production Results
http://www.excellonresources.com/index.php/investors/news/2014/120-excellon-produces-2-1-million-silver-equivalent-ounces-in-2013
http://www.excellonresources.com/images/Presentation/EXN_Corporate_Presentation_-_January_8_2014_-_minimized.pdf
http://www.excellonresources.com/
God Bless
EXCELLON PRODUCES 2.1 MILLION SILVER EQUIVALENT OUNCES IN 2013
Toronto, Ontario – January 16, 2014 –
Excellon Resources Inc. (TSX:EXN; OTC:EXLLF)
("Excellon" or the “Company"), Mexico’s highest grade silver
producer, is pleased to announce fourth quarter and annual 2013
production results from the La Platosa Mine in Durango, Mexico.
Q4 and 2013 Production Highlights
2.1 million silver equivalent ounces (“Ag Eq Oz”) produced during 2013
(Q4 – 545,000 Ag Eq Oz), including:
1.4 million oz Ag (Q4 – 411,000 oz Ag)
7.3 million lb Pb (Q4 – 1.7 million lb Pb)
9.9 million lb Zn (Q4 – 1.9 million lb Zn)
Record annual produced and milled tonnage of ~70,000 tonnes,
including record quarterly produced tonnes of ~20,000 tonnes in
Q4
“During the latter half of 2013 we began to see the results of
our continuing efforts to improve and optimize
La Platosa production,” stated Brendan Cahill, President and
Chief Executive Officer. “Of particular note, during the last
two quarters of the year we milled almost 38,000 tonnes of
ore grading 812 g/t silver for 866,000 silver ounces,
demonstrating the potential to increase tonnage while
maintaining an industry leading grade and cost profile.”
“Our teams at La Platosa and Miguel Auza deserve great credit
for the significant improvements in production that were
realized in the second half of the year.
We aim to continue increasing our production profile and
reducing costs into 2014, while further enhancing the
foundation of our business – the health and
safety of our workers.”
Q4 and 2013 Production Results
http://www.excellonresources.com/index.php/investors/news/2014/120-excellon-produces-2-1-million-silver-equivalent-ounces-in-2013
http://www.excellonresources.com/images/Presentation/EXN_Corporate_Presentation_-_January_8_2014_-_minimized.pdf
http://www.excellonresources.com/
God Bless
Excellon Resources I (EXN)
1.09 ? 0.14 (14.74%)
Volume: 31,000 @ 3:59:03 PM ET
Bid Ask Day's Range
1.0 1.1 0.97 - 1.11
TSX:EXN Detailed Quote Wiki
Excellon Resources I (EXN) slave gypsyfiat$1.22 ? -0.01 (-0.81%)
Volume: 30,900 @ 10:58:41 AM ET
Bid Ask Day's Range
1.21 1.22 1.21 - 1.23
TSX:EXN Detailed Quote Wiki
That's a Lot of Silver...Dollar Collapse
by John Rubino -
November 05th, 2013
The Indian government has restricted the importation of gold.
So Indians have switched to silver:
Starved of gold, Indians may import record volumes of silver
(Reuters) - Indian silver imports are on pace to hit a record high
this year as the wedding and festival season drives up buying of
the precious metal instead of the traditional gold, made scarcer
and dearer by official measures aimed at cutting the trade gap.
Higher silver demand in the world's biggest buyer may help support
prices, which have fallen almost 30 percent this year on the
international market and are on track for their biggest annual
drop in almost three decades.
The increase in buying is unlikely to spark a fresh policy response from authorities, as in the case of gold, since the value of silver that is imported is far lower than that of gold and therefore not critical to the trade balance.
"There has been a massive improvement in silver imports and we will continue to see more. Investors are taking advantage of lower prices and the lack of restrictions on silver imports as of now," said Harmesh Arora, director with the Bombay Bullion Association.
According to the GFMS metals consultancy, India imported 4,073 tonnes of silver from January to August, more than double the 1,921 tonnes in the whole of 2012, when a jump in prices in the peak season hurt demand. The record high was 5,048 tonnes in 2008.
India, also the world's biggest buyer of gold, has raised the import duty on bullion three times this year, taking it to 10 percent, and in July the government told importers that a fifth of their purchases would have to be turned around for export, leaving only 80 percent for domestic use.
SECOND CHOICE
The import duty on silver was also raised to 10 percent in August from 6 percent, but prices remain far apart: gold is about 60 times more expensive than silver in dollar terms.
Gold has a special place in Indian culture, bought as a hedge against inflation and traditionally used for gifts at weddings and festivals. Silver does not enjoy the same status.
The value of silver imports in 2012 was $1.8 billion, whereas gold imports cost $52 billion. Even record shipments of silver are therefore unlikely to put any strain on the trade deficit, in contrast to the impact of gold, which is India's second-biggest import item after oil.
For now, much of the silver flooding in is finding its way to rural areas, where industry officials expect a surge in disposable incomes after a bountiful monsoon boosted agricultural harvests.
Some thoughts
Here's a chart showing Indian silver imports since 2008.
Note how they plunged in 2012, which might have had a bit to do
with silver falling by over half from its $50 high.
24hGold - That's a Lot of Silv...
There are about 32,000 ounces in a ton, so India's projected 2013 imports of 6,000 tons is nearly 200 million ounces. The total annual supply of silver is a billion ounces (750 million ounces from mines, 250 million from recycling). So 200 million ounces is 20% of total global supply - a lot of silver for just one country.
According to the Silver Institute, industrial users (including jewelry makers) absorb about 850 million ounces of silver each year, which leaves 150 million ounces for investors. But by importing 132 million more ounces this year than last, India is taking almost all of that surplus for itself, leaving the rest of the world's silver bugs to scramble for what little is left.
Also interesting is the fact that silver is so cheap that a doubling of imports has a negligible impact on India's balance of trade and therefore probably won't attract the ire of regulators. So from a policy standpoint, restricting gold imports is working and will likely continue. That means the current level of silver demand might be sustained. Wonder where all the extra silver will come from?
http://web.tmxmoney.com/article.php?newsid=63173131&qm_symbol=EXN
http://www.excellonresources.com
http://www.excellonresources.com/index.php/investors/news/2013/103-excellon-produces-454-573-ounces-of-silver-from-ore-grading-975-g-t-during-third-quarter-of-2013
http://www.excellonresources.com/images/Presentation/EXN_Corporate_Presentation_-_October_10_2013_-_minimized.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92929788
God Bless
all-in costs of $10.65 per Ag eq. oz;
that is the part that I liked the best, although the new faces available for higher grade mining was nice
With any luck they will find the change mine plan has had enough effect on bottom line that they will resume exploration drilling on the proximal source definition
Excellon produces 454,573 ounces of silver from ore grading 975 g/t during third quarter of 2013 -
TORONTO, Oct. 10, 2013 /CNW/ -
Excellon Resources Inc.
(TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"),
Mexico's highest grade silver producer,
is pleased to announce production results
for the third quarter of 2013
from the La Platosa Mine in Durango, Mexico.
Q3 2013 Highlights
607,252 silver equivalent ounces produced,
a 50% increase over Q2 2013, including:
454,573 oz Ag;
1,921,547 lb Pb; and
2,149,884 lb Zn;
Ore grade of 975 g/t Ag (28 oz/T),
including over 190,000 ounces of silver production in
September from ore grading over 1,000 g/t Ag (29 oz/T);
Net cash costs of $7.77 per Ag oz and all-in costs of $10.65 per Ag eq. oz;
Generating positive cash flow with cash,
accounts receivable and securities
totaling $9.7 million at the end of the quarter.
"Our operations team at La Platosa deserves credit for a solid
third quarter," stated Brendan Cahill, President and Chief
Executive Officer.
"Our year-to-date results position us well to deliver
on our updated production targets for 2013.
We will continue to implement our mine optimization
plans to improve mine production over the coming year.
We also remain focused on reducing corporate and mine-site
costs to maintain and further improve our
peer-leading all-in cost profile."
http://web.tmxmoney.com/article.php?newsid=63173131&qm_symbol=EXN
http://www.excellonresources.com
http://www.excellonresources.com/index.php/investors/news/2013/103-excellon-produces-454-573-ounces-of-silver-from-ore-grading-975-g-t-during-third-quarter-of-2013
http://www.excellonresources.com/images/Presentation/EXN_Corporate_Presentation_-_October_10_2013_-_minimized.pdf
God Bless
Excellon Resources I (EXN)
1.74 ? 0.01 (0.58%)
Volume: 30,700 @ 2:43:01 PM ET
Bid Ask Day's Range
1.73 1.8 1.69 - 1.76
TSX:EXN Detailed Quote Wiki
Excellon Resources I (EXN) gypsyfiat$1.94 UP 0.06 +3.19%
Volume: 40,100 @ 3:52:18 PM ET
Bid Ask Day's Range
1.9 1.94 1.88 - 1.94
TSX:EXN Detailed Quote Wiki
http://www.excellonresources.com/i/pdf/Presentation/EXN-13-08-26-Investor-Presentation.pdf
EXCELLON REPORTS SECOND QUARTER 2013
FINANCIAL RESULTS
http://www.excellonresources.com/i/pdf/news/2013-08-14_NR.pdf
Excellon Resources I (EXN) fiat$1.69
? 0.01 (0.60%)
Volume: 25,900 @ 12:04:22 PM ET
Bid Ask Day's Range
1.66 1.67 1.64 - 1.75
TSX:EXN Detailed Quote Wiki
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87258149
Excellon Resources (EXN)
1.57 ? 0.0 (0.00%)
Volume: 10,400 @ 2:19:49 PM ET
Bid Ask Day's Range
1.56 1.57 1.56 - 1.6
TSX:EXN Detailed Quote Wiki
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87258149
Excellon extends gold zone to depth on Beschefer Project -
http://web.tmxmoney.com/article.php?newsid=59712208&qm_symbol=EXN
http://www.excellonresources.com/s/Home.asp
http://www.excellonresources.com/i/pdf/news/2013-04-25_NR.pdf
Annual and Special Meeting of Shareholders
Publisher: April 30, 2013
TMX Gallery/Broadcast Centre
The Exchange Tower
130 King Street West
Toronto, Ontario
Starts at 10:00am
You can view the Next Events Calendar item: Wed Sep 18, 2013,
Precious Metal Summit
You can return to the main Events Calendar page, or press the Back
button on your browser.
http://www.excellonresources.com/s/Events.asp?ReportID=581624&_Type=Events-Calendar&_Title=Annual-and-Special-Meeting-of-Shareholders
http://www.biblebelievers.org.au/monie.htm
God Bless
News: Excellon extends gold zone to depth on Beschefer Project
http://ih.advfn.com/p.php?pid=nmona&article=57319245&symbol=TSX:EXN
While not excited over the intervals reported in this NR it is worth pulling forward the following announcing completion of the the option to acquire full control over the Timmmins camp DeSantis property.
EXN has been busy buying shares in open market per its share purchase plan, including 273,000 last week, 491,500 since the buying started May 6
Also, news/update out yesterday
http://ih.advfn.com/p.php?pid=nmona&article=57273578&symbol=TSX:EXN
News: Excellon drills 55.60 g/t gold over 5.57 metres on Beschefer Project, Quebec
http://ih.advfn.com/p.php?pid=nmona&article=57025404&symbol=TSX:EXN
Perhaps this will start getting some attention to EXN not being a one-trick pony. I recall the street reacted negatively when EXN did the buy-out to get into the Timmins and Abitabi areas, tanking the shares in reaction. But those were also hard times for EXN (water in Mexico).
Now it is looking like EXN is hitting on all cylinders, finally.
Central bank heist is like old-school train robbery -
the plan has changed. if you have under 100000 euros, you should be safe.
If over, 30-40% is gone...
Maybe even worse, one the major european "ministers" Jeroen Dijselbloem, said this is how the next european crisis will be solved as well. By overnight robbing your bank account!
Buy gold silver, land, maybe even houses, vintage cars, art, wine, whiskey... anything but money!
Mister Young you are right, Cyprus deal will be the catalyst for a huge rally in gold and silver imo...
Even here in europe governments take the cash just of your bank account!
6.75% under 100000 euros, 9% over 100000 euros.
I think today my portfolio ends +5% at least (still -50% then, but its gonna turn)
Gold over 2200 end of year imo
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84843316
Cyprus deal will be the catalyst for a huge rally in gold and silver imo...
Even here in europe governments take the cash just of your bank account!
6.75% under 100000 euros, 9% over 100000 euros.
I think today my portfolio ends +5% at least (still -50% then, but its gonna turn)
Gold over 2200 end of year imo
plus a anomalous pull-back in shareprice with no apparent negatives while silver was showing recovery from its weakness . . .
new successes in exploration of the property and illegal work interruptions ended another 1+1
Company buying back shares!
And lots of institutional buying here... one and one is...?
Indeed, production can only be better after the bloccade last year.
But i'm really looking forward to the drilling results,
imo, exn is very close to finding the silver jackpot... last drillings were very solid!
Back to the dollar range with exn!
All time highs - now that would be nice, and deserved, particularly if production results through the year continue to show the water issues are engineered under control
And you are correct, EXN has been holding up fairly well, staying alive in the slaughterhouse so to speak. Make one wonder where pps would be now as it was just really gaining momentum after its annual production update when the markets went so bearish.
I have only seen positives since the illegal blockade was ended by the local community's intervention. And I can barely wait for further news on the drill program to locate the mineralization source(s).
Write me down as content to wait EXN out
EXN holding very good, nearly all mining stocks are getting slaughtered.
Silver jackpot is near here!
All time highs for exn later this year imo
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