Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Excellon Resources ( (TSE:EXN) ) has provided an announcement.
Excellon Resources has expanded its Tres Cerros Gold-Silver Exploration Property in central Peru by acquiring two additional mineral concessions, Tres Cerros 32 and Tres Cerros 33, adding 1,132 hectares and increasing the total project area by about 52% to 3,310 hectares. The acquisition extends the mineralized corridor roughly five kilometres south, consolidating what the company views as an emerging district-scale system defined by coincident geophysical, geochemical and spectral anomalies and a large intrusive body interpreted to be linked to Tres Cerros mineralization. Australia-based Terra Resources has reinterpreted historical geophysical and geological data, delivering a ranked suite of drill-ready targets along the main north-south structural corridor and associated volcanic and caldera-margin features, which Excellon plans to test in an initial 5,000-metre drill program once permitting is complete. Permitting for exploration drilling has begun, with fieldwork expected to start in the second quarter of 2026, potentially accelerating the project’s advancement and strengthening Excellon’s exploration footprint and growth prospects in a prolific Peruvian precious metals belt.
The most recent analyst rating on (TSE:EXN) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Excellon Resources stock, see the TSE:EXN Stock Forecast page.
Spark’s Take on TSE:EXN Stock
According to Spark, TipRanks’ AI Analyst, TSE:EXN is a Neutral.
The score is held down primarily by weak financial performance (zero recent revenue, persistent operating losses, and ongoing cash burn). Offsetting factors are improving technical trend signals and positive operational updates around funding, rehabilitation, and restart/exploration plans, but valuation remains constrained by losses (negative P/E).
To see Spark’s full report on TSE:EXN stock, click here.
More about Excellon Resources
Excellon Resources Inc. is a Toronto-based precious metals exploration and mining company focused on gold and silver projects. Its key assets include the Tres Cerros Gold-Silver Exploration Property and the adjacent Mallay Silver Mine in the Miocene metallogenic belt of central Peru, where it is working to advance a sizeable, district-scale land package with significant exploration potential.
Average Trading Volume: 1,740,539
Technical Sentiment Signal: Hold
Current Market Cap: C$170.4M
Find detailed analytics on EXN stock on TipRanks’ Stock Analysis page.