EXN.t EXLLF Excellon reports net earnings of $1.9 million from Q1 2014 and continues to grow its Cash Stash for acquisition.
TORONTO, April 29, 2014 - 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
