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Excellon Resources ( (TSE:EXN) ) has provided an announcement.
Excellon Resources has mobilized a mining contractor and commenced rehabilitation activities at its Mallay Silver Mine in Peru, marking a significant step towards restarting operations and resuming silver production. The rehabilitation phase, expected to be completed within four months, will position the company to evaluate production planning and achieve a ramp-up to full capacity by the second quarter of 2026. This development underscores Excellon’s commitment to operational efficiency and safety, as well as its strategic focus on expanding its resource base and exploring high-priority targets in the area.
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. is a company focused on acquiring and advancing quality precious and base metal assets. It is currently concentrating on the potential restart of the Mallay Silver Mine in Peru. The company also holds exploration-stage projects, including the Kilgore gold project in Idaho, the Silver City silver district in Germany, and the Tres Cerros Gold/Silver Exploration Property in Peru.
Average Trading Volume: 984,133
Technical Sentiment Signal: Buy
Current Market Cap: C$77.21M
Find detailed analytics on EXN stock on TipRanks’ Stock Analysis page.