Wednesday, September 9, 2020
10:09 AM EST – Excellon Resources Inc. : Provided an operations update following the resumption of mining and milling activities at its Mexican operations in mid-June 2020. Cost reduction measures at Platosa included material reductions to the workforce, changes to shift schedules and mining methods, and the renegotiation of treatment charges on zinc concentrates. The changes to shift schedules resulted in a more productive operation despite reductions in the workforce; as a result, the Company continues to benefit from lower operating costs and higher commodity prices. The shift to a private electricity provider is expected to be completed in the third quarter, with further reductions to operating costs expected in Q4. Excellon Resources Inc. (T.EXN) shares were up $0.04 at 1.03.
Stocks in Play: Excellon Resources Inc. , Wed, 09 Sep 2020 10:15:04 EST