Excellon reports fourth quarter production and 2013 outlook
Thursday, Jan 17, 2013
TORONTO, Jan. 16, 2013 /PRNewswire/ - Excellon Resources Inc. (TSX: EXN) ("Excellon" or "the Company"),Mexico's highest grade silver producer,is pleased to report fourth quarter and December 2012 production from the La Platosa Mine in the state of Durango, Mexico and a general outlook on production for 2013.
The Company's production during 2012 was generally in line with the revised annual production forecast of 49,000 tonnes1 totaling 1.1 million ounces of silver, 5.5 million pounds of lead and 9.9 million pounds of zinc. Mine maintenance and seasonal holidays affected tonnage and silver ounces produced during December, which resulted in slightly lower tonnage and silver ounces produced on an annual basis, though both lead and zinc production were well above forecast. Metal recoveries and grades were all significantly in excess of budget during 2012.
Mexican EPA Authority Confirms La Platosa Environmental Compliance
Excellon is also pleased to announce that the Mexican Federal Environmental Protection Agency ("PROFEPA") recently released its report in respect of certain allegations made against Excellon by the Ejido La Sierrita with the support of the non-governmental organization ProDESC. PROFEPA conducted a site visit to La Platosa in late November 2012. The report states that PROFEPA "did not find a violation of environmental law," did not find any irregularity and closes the proceeding.
Excellon's high-grade silver production drives transformative exploration potential. The Company's 100%-owned La Platosa Mine in Durango is Mexico's highest grade silver mine, with lead and zinc by-products making it one of the lowest cash cost silver mines in the country. With 41,000 hectares of exploration ground surrounding the mine, Excellon is focused on discovering the large-tonnage Source of the high-grade silver mantos currently in production. Such a discovery has the potential to transform La Platosa into the next major project in Mexico's prolific CRD/silver belt.
SOURCE Excellon Resources Inc.