Replies to post #79 on Excellon Resources Inc. (EXN)

[NYBob]

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/
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