Excellon Resources Inc. (EXNRF)
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Excellon Resources CEO outlines growth strategy as 2026 restart of Mallay silver mine approaches
Excellon Resources Inc said on Wednesday that rehabilitation work is underway at its fully permitted Mallay Mine in Peru, with the goal of restarting production and reaching nameplate capacity of 600 tonnes per day by the second quarter of 2026. In a letter to shareholders, CEO Shawn Howarth called the past few months a “transformative new chapter” for the company, noting that the acquisition of Mallay positions Excellon to become an emerging global silver producer.
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Excellon Resources Inc. Profile
| Metals & Mining Industry | Materials Sector | Mr. Shawn A. Howarth B.Sc (Eng), B.Sc., M.B.A., P.Eng. CEO | OTC PINK Exchange | CA30069C2076 ISIN |
| US Country | 3 Employees | - Last Dividend | 10 Sep 2020 Last Split | - IPO Date |
Overview
Excellon Resources Inc. is a mining company focused on the acquisition, exploration, and development of mineral properties, with a primary interest in silver, lead, zinc, and gold deposits as well as base metals. The company, which was incorporated in 1987, maintains its headquarters in Toronto, Canada. Excellon Resources Inc. is well-known for its strategic approach to exploring and advancing mineral properties, ensuring that it holds 100% interests in significant projects located in Mexico, Germany, and the United States. These projects are notable for their potential in producing key minerals essential in various industries, ranging from jewelry and electronics to manufacturing and energy.
Products and Services
- Platosa Property (Durango State, Mexico)
- Evolución Property (Durango and Zacatecas, Mexico)
- Silver City Project (Saxony, Germany)
- Kilgore Project (Clark County, Eastern Idaho)
- Oakley Project (Oakley, Idaho)
- La Negra Project (Querétaro State, Mexico)
Covering approximately 11,000 hectares, the Platosa property is Excellon Resources Inc.'s premium project for high-grade silver, lead, and zinc mining. It represents the company's cornerstone operation in Mexico, producing substantial mineral outputs that contribute significantly to its portfolio.
Spanning an impressive area of 31,280 hectares across the states of Durango and Zacatecas, the Evolución property is a substantial base and precious metals project. This property focuses on exploring and potentially developing resources that encompass a wide range of valuable minerals.
With an area of 340 square kilometers in the historic mining region of Saxony, Germany, the Silver City project marks Excellon Resources Inc.’s venture into European mineral exploration. The project targets high-grade silver within a jurisdiction known for its mining-friendly policies and rich geological potential.
The Kilgore Project consists of 789 unpatented federal lode claims over 6,788 hectares in eastern Idaho, focusing on gold deposits. This project highlights the company's diversification into gold exploration, showcasing its potential for sizable gold reserves in the United States.
Covering 2,833 hectares, the Oakley Project is another strategic asset in the United States aimed at exploring and developing gold and other base metals. Its location in Idaho leverages the state's geological richness and mining-friendly environment.
This project, located in Querétaro State, Mexico, represents an option for Excellon Resources Inc. to acquire and develop another significant source of precious and base metals. The La Negra project further underscores the company’s commitment to expanding its footprint in Mexico's rich mineral landscapes.
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