Excellon Resources (EXN) AI Stock Analysis

• Market Cap: C$180.40M
• Dividend Yield: N/A
• Average Volume (3M): 2.82M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.48
• Revenue Growth: N/A
• EPS Growth: 49.02%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Silver
• EPS (TTM): >-0.01
• Shares Outstanding: 334,077,420
• 10 Day Avg. Volume: 2,817,281
• 30 Day Avg. Volume: 2,819,369
• PEG Ratio: <0.01
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.41
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: C$0.50 ▼(-1.96% Downside)

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).

Positive Factors

Strategic Acquisition

Acquiring the Mallay Silver Mine provides Excellon with potential for increased production and resource expansion, supporting long-term growth.

Financing Progress

Securing offtake-linked financing for the Mallay Mine restart indicates strong support and confidence in the project, enhancing future cash flow.

Exploration Success

Promising exploration results at Tres Cerros suggest potential for significant mineralization, offering long-term growth opportunities in resource development.

Negative Factors

Financial Instability

Persistent financial losses and operational inefficiencies threaten long-term viability, requiring urgent stabilization and cost management efforts.

Legal Challenges

Ongoing legal disputes could lead to financial liabilities and distract management, potentially impacting strategic focus and resource allocation.

Negative Cash Flow

Negative cash flow indicates inefficiencies in operations, limiting the company's ability to fund growth initiatives and manage debt sustainably.

Excellon Resources Business Overview & Revenue Model

Company Description

Excellon Resources Inc. engages in the acquisition, exploration, and advancement of mineral properties in the United States, Germany, and Mexico. It primarily explores for silver, lead, zinc, and gold deposits, as well as base metals. The company was incorporated in 1987 and is based in Toronto, Canada.

How the Company Makes Money

Excellon Resources generates revenue primarily through the extraction and sale of silver, lead, and zinc concentrates produced at its Platosa Mine. The company sells these concentrates to metal processing and smelting companies, which then refine the metals for various industrial applications. Excellon's earnings are heavily influenced by prevailing market prices for silver, lead, and zinc, as well as the efficiency of its mining operations. Key partnerships with processing facilities and smelters, along with strategic management of production costs, significantly contribute to its profitability.

Excellon Resources Financial Statement Overview

Summary

Excellon Resources is facing significant financial challenges, with ongoing losses and operational inefficiencies reflected in its income statement. While recent balance sheet data shows some improvement in equity, the company's cash flow remains strained. Continued focus on revenue generation and cost management is crucial for financial stabilization.

Income Statement

Excellon Resources has consistently experienced negative net income, indicating ongoing losses over multiple years. The company reported zero revenue in the latest TTM period, reflecting severe operational challenges. Historical revenue also shows a declining trend, with significant negative margins indicating operational inefficiency.

Balance Sheet

The balance sheet indicates a moderate level of debt relative to equity, with a debt-to-equity ratio that shows improvement as equity turned positive in the latest TTM data. However, the company has faced negative equity in prior periods, highlighting potential financial instability. The equity ratio improvement in TTM is a positive sign but must be observed for sustainability.

Cash Flow

Cash flow analysis reveals negative free cash flow over recent periods, indicating challenges in generating cash from operations. Operating cash flow remains negative, implying inefficiencies in core business operations. However, the latest TTM data shows some reduction in cash outflows, suggesting slight operational improvements.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	25.82M	37.95M	26.20M
Gross Profit	-26.00K	-102.75K	-540.00K	-635.00K	11.75M	6.22M
EBITDA	-2.47M	-2.79M	-5.47M	-6.55M	-41.41M	-5.29M
Net Income	-3.71M	-5.22M	6.53M	-18.84M	-57.77M	-16.02M
Balance Sheet
Total Assets	18.18M	18.39M	16.64M	26.66M	41.56M	73.28M
Cash, Cash Equivalents and Short-Term Investments	409.00K	1.38M	744.00K	1.47M	4.53M	10.73M
Total Debt	4.75M	4.50M	11.99M	11.50M	9.68M	8.11M
Total Liabilities	9.30M	8.94M	26.47M	48.56M	46.05M	22.84M
Stockholders Equity	10.41M	10.98M	-9.83M	-21.89M	-4.49M	50.44M
Cash Flow
Free Cash Flow	-1.37M	-747.00K	-1.59M	-1.77M	-5.25M	-8.24M
Operating Cash Flow	-658.00K	-747.00K	-1.59M	-221.00K	2.08M	251.00K
Investing Cash Flow	-1.99M	-1.30M	1.00M	-738.00K	-6.26M	-10.52M
Financing Cash Flow	3.53M	3.53M	-6.00K	-248.00K	-447.00K	12.23M

Excellon Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.51
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EXN, the sentiment is Positive. The current price of 0.51 is above the 20-day moving average (MA) of 0.51, above the 50-day MA of 0.38, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 62.63 is Neutral, neither overbought nor oversold. The STOCH value of 36.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:EXN.

Excellon Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KUYA	58 Neutral	C$132.84M	-14.84	-20.00%	―	―	21.09%
KTN	57 Neutral	C$207.34M	-29.86	-11.69%	―	―	-0.78%
SVE	52 Neutral	C$217.97M	-82.42	-5.64%	―	―	13.33%
IPT	52 Neutral	C$172.19M	-24.65	-8.15%	―	52.70%	60.33%
EXN	50 Neutral	C$180.40M	-13.88	-26.99%	―	―	49.02%
BIG	49 Neutral	C$235.87M	-11.86	-116.89%	―	―	12.26%

Excellon Resources Corporate Events

Excellon Expands Tres Cerros Land Package and Defines Drill Targets in Peru

Excellon Resources has expanded its Tres Cerros Gold-Silver Exploration Property in central Peru by acquiring two additional mineral concessions, Tres Cerros 32 and Tres Cerros 33, adding 1,132 hectares and increasing the total project area by about 52% to 3,310 hectares. The acquisition extends the mineralized corridor roughly five kilometres south, consolidating what the company views as an emerging district-scale system defined by coincident geophysical, geochemical and spectral anomalies and a large intrusive body interpreted to be linked to Tres Cerros mineralization. Australia-based Terra Resources has reinterpreted historical geophysical and geological data, delivering a ranked suite of drill-ready targets along the main north-south structural corridor and associated volcanic and caldera-margin features, which Excellon plans to test in an initial 5,000-metre drill program once permitting is complete. Permitting for exploration drilling has begun, with fieldwork expected to start in the second quarter of 2026, potentially accelerating the project’s advancement and strengthening Excellon’s exploration footprint and growth prospects in a prolific Peruvian precious metals belt.

The most recent analyst rating on (TSE:EXN) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Excellon Resources stock, see the TSE:EXN Stock Forecast page.

Excellon Resources Grants 4.6 Million Stock Options to Leadership

Excellon Resources Inc. has granted 4,600,000 stock options to its directors and officers as part of its Share Incentive Plan. These options, exercisable at $0.38 per share over three years, aim to align management interests with company growth, potentially impacting its operational focus and stakeholder engagement.

Excellon Resources Unveils New Exploration Plans at Mallay Mine

Excellon Resources has announced updated geological interpretations and exploration priorities at its Mallay Silver Mine in Peru, highlighting the continuity of the Pierina Vein and the potential of the Shafra Zone. The company plans to conduct extensive underground drilling to explore these targets, which could significantly enhance its exploration pipeline and align with its growth strategy in the gold and silver market.

Excellon Resources Advances Mallay Mine Restart with Strong Financial Backing

Excellon Resources has completed the first phase of rehabilitation at the Mallay mine, securing funding and increasing liquidity to support its restart. The company plans to execute a staged restart of the mine, aiming to return to silver production and advance drilling programs to extend mineralization, with a focus on achieving historical production capacity.

Excellon Resources Announces Virtual Meeting and Amended Share Incentive Plan

Excellon Resources Inc. has announced the availability of meeting materials and alternative voting procedures for its upcoming virtual annual and special meeting of shareholders, scheduled for November 18, 2025. The company is also adopting an amended share incentive plan, which includes stock options and various share units, subject to shareholder approval and compliance with TSX Venture Exchange rules.