Excellon Resources Acquires Mallay Silver Mine and Tres Cerros Property in Peru

Excellon Resources ( (TSE:EXN) ) has shared an announcement.

Excellon Resources Inc. has finalized the acquisition of Minera CRC S.A.C., gaining full control over the Mallay Silver Mine and Tres Cerros Gold/Silver Exploration Property in Peru. This acquisition provides Excellon with a fully permitted, past-producing mine with significant infrastructure and exploration potential. The company plans to rehabilitate the Mallay Mine and conduct exploration activities to expand its mineral resources, aiming for a production restart within the next few months. This strategic move is expected to enhance Excellon’s position in the mining industry by increasing its production capabilities and exploration prospects.

Spark’s Take on TSE:EXN Stock

According to Spark, TipRanks’ AI Analyst, TSE:EXN is a Underperform.

Excellon Resources faces major financial hurdles, highlighted by consistent losses and operational inefficiencies. While technical indicators show some positive momentum, and corporate events highlight potential growth, poor valuation metrics and legal challenges underpin a low overall score. Financial stabilization and operational improvements are critical for positive reevaluation.

To see Spark’s full report on TSE:EXN stock, click here.

More about Excellon Resources

Excellon Resources Inc. operates in the mining industry, focusing on the exploration and development of silver, lead, and zinc resources. The company is engaged in advancing its mining operations and exploration properties, primarily in Peru, with a focus on silver production and exploration potential.

Average Trading Volume: 802,102

Technical Sentiment Signal: Buy

Current Market Cap: C$39.2M

See more insights into EXN stock on TipRanks’ Stock Analysis page.