Excellon Resources ( (TSE:EXN) ) has issued an update.
Excellon Resources Inc. has announced a definitive agreement to acquire Minera CRC S.A.C., which includes the past-producing Mallay Silver Mine and Tres Cerros Exploration Property in Peru. This acquisition, facilitated through a court-supervised process, resolves previous disputes and allows Excellon to proceed with plans to restart silver production at the Mallay Mine by Q4 2025. The company is also updating the resource model to reflect current market prices and is in discussions to secure financing for the restart, aiming to leverage existing infrastructure and investments.
More about Excellon Resources
Excellon Resources Inc. is a company operating in the mining industry, primarily focused on the exploration and production of silver and other base metals. The company is engaged in acquiring and developing mineral properties, with a market focus on enhancing its production capabilities and expanding its resource base.
YTD Price Performance: 10.0%
Average Trading Volume: 203,758
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$15.14M
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