Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Excellon Resources ( (TSE:EXN) ) has shared an announcement.
Excellon Resources has published its first independent mineral resource estimate for the Mallay silver-lead-zinc mine in Peru, converting historical data into a compliant resource that significantly upgrades confidence and scale. The new estimate outlines 890,000 tonnes of Indicated resources and 362,000 tonnes of Inferred resources at high silver-equivalent grades, representing a more than 500% increase in indicated silver relative to the historical inventory and providing a foundation for a staged restart of the mine.
Management says the resource, built entirely on historic drilling and channel sampling refined with modern 3D modelling, supports assumptions for running the fully permitted 600 tpd mill at roughly 200,000 tonnes per year. An active 10,000-metre drill program and additional targets such as the Footwall and Shafra zones are not yet included in the estimate, pointing to further potential growth in mine life and production that could strengthen Excellon’s position in the silver-lead-zinc sector.
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 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 mining company focused on silver, lead, and zinc, with operations including the Mallay underground mine in central Peru. The company targets high-grade polymetallic deposits and is working to restart and expand production at Mallay using an existing 600-tonne-per-day processing plant and a substantial historical drilling and operating database.
Average Trading Volume: 1,786,265
Technical Sentiment Signal: Buy
Current Market Cap: C$176.8M
See more data about EXN stock on TipRanks’ Stock Analysis page.