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
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