Welcome to our dedicated page for Excellon Resourc news (Ticker: EXNRF), a resource for investors and traders seeking the latest updates and insights on Excellon Resourc stock.
Excellon Resources Inc. (EXNRF) generates frequent news as it advances a portfolio of precious and base metal assets anchored by the potential restart of the past-producing Mallay Silver Mine in Peru. Company announcements highlight progress on underground rehabilitation, definition drilling, resource modeling and restart planning at Mallay, as well as financing and offtake arrangements designed to support a return to silver-lead-zinc production.
News releases also cover near-mine and district exploration around Mallay, including updates on the Isguiz vein system, the Shafra Zone, the Pierina Vein and the conceptual Mallay Deeps target. These items often describe planned or ongoing drill programs, geophysical surveys and technical interpretations aimed at extending mineralized zones and evaluating deeper intrusive-related systems.
Beyond Mallay, Excellon reports on its Tres Cerros Gold-Silver Exploration Property in Peru, where geophysical and geochemical work has outlined a corridor of high-sulphidation gold–silver mineralization. The company’s news flow includes land position expansions, technical reinterpretations by external consultants and permitting steps for initial drill programs at Tres Cerros.
Investors following EXNRF news will also see corporate and capital markets updates, such as equity financings, a pre-export finance facility and concentrates offtake agreement with subsidiaries of Glencore plc, debt settlements, and grants under Excellon’s share incentive plan. Additional releases discuss the company’s advanced-stage Kilgore gold project in Idaho, the Silver City high-grade epithermal silver district in Saxony, Germany, and shareholder meeting procedures. This page aggregates these developments so readers can track operational, exploration and corporate milestones in one place.
Excellon Resources (TSX: EXN) has announced promising exploration results from its Tres Cerros Gold-Silver Project in Peru. Surface sampling revealed high-grade mineralization with up to 9.313 g/t gold and over 1,000 g/t silver in oxidized quartz-sulfide vein outcrops.
The project features a broad alteration footprint spanning 2,500 by 500 metres, with mineralization open in all directions. IP geophysical surveys identified a potential deeper sulphide-rich feeder system, while elevated copper content (0.3%-0.6%) suggests a deep porphyry-style target.
Historical data analysis of over 500 samples collected since 2016 shows 19% assayed above 1 g/t Au and 22% above 1 oz/t Ag. The project shares geological similarities with the Lagunas Norte deposit, which historically produced over 10 Moz Au in the same regional belt.
Excellon Resources (TSX: EXN) has secured a definitive agreement to acquire the past-producing Mallay Silver Mine and Tres Cerros Exploration Property in Peru through Minera CRC. The acquisition, expected to close in April 2025, involves a court-supervised process ensuring clear ownership transfer.
Key financial terms include: increased upfront cash payments to Adar of US$1.565 million, a termination fee of US$3.1 million, and Premier Silver receiving CAD$400,000 in Excellon shares. The company aims to restart silver production at Mallay in Q4 2025, leveraging existing US$115 million infrastructure investment.
The agreement includes provisions for extending the completion deadline through additional US$250,000 payments for each 30-day extension, up to four times. Excellon is currently updating the historic resource model and engaging in discussions with potential offtakers and equity financing partners for restart funding.
Excellon Resources announced the results of its 2024 Annual Meeting held on June 28, 2024. Shareholders voted in favor of all business items, including the election of directors and the appointment of Ernst & Young LLP as auditors. Directors elected include Shawn Howarth, Laurence Curtis, Craig Lindsay, Brendan Cahill, and Gerhard Merkel. The election of Merkel is subject to TSX approval. Detailed voting results show high support for the nominees, with votes ranging from 88.95% to 99.34% in favor. The formal voting report will be available on SEDAR+.
Excellon Resources Inc. announced drill results from the 2022 exploration program at its Kilgore Project in Idaho, USA, with highlights including 1.37 g/t Au over 81.21 meters, confirming high-grade mineralization. The results will aid in future resource and geological modeling to refine targets.
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