Excellon Files NI 43-101 Report as Mallay Resource Upgrade Backs Restart Plans

Excellon Resources ( (TSE:EXN) ) just unveiled an announcement.

Excellon Resources has filed an independent NI 43-101 technical report on SEDAR+ for its Mallay silver-lead-zinc mine in Peru, supporting a new mineral resource estimate that consolidates extensive historical drilling and channel sampling data. The updated resource outlines 890,000 tonnes of Indicated resources and 362,000 tonnes of Inferred resources, representing materially higher silver inventory than prior estimates and forming the basis for restart planning while a 10,000-metre infill and extension drilling program seeks further near-mine growth.

The most recent analyst rating on (TSE:EXN) stock is a Hold with a C$0.60 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 EXN Stock

According to Spark, TipRanks’ AI Analyst, 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 EXN stock, click here.

More about Excellon Resources

Excellon Resources Inc. is a Canadian mining company focused on silver, lead and zinc, with projects including the Mallay underground mine in central Peru. The company targets high-grade precious and base metal deposits and is working to restart production at Mallay, which features a 600 tonne-per-day processing facility and extensive historical drilling and operating data.

Average Trading Volume: 1,711,155

Technical Sentiment Signal: Hold

Current Market Cap: C$152.4M

Learn more about EXN stock on TipRanks’ Stock Analysis page.