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Excellon Resources (TSE:EXN)
:EXN

Excellon Resources (EXN) AI Stock Analysis

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Excellon Resources

(EXN)

Rating:36Underperform
Price Target:
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.

Excellon Resources (EXN) vs. iShares MSCI Canada ETF (EWC)

Excellon Resources Business Overview & Revenue Model

Company DescriptionExcellon Resources Inc. (EXN) is a mineral resource company focused on the exploration, development, and mining of silver, lead, and zinc. The company operates in the mining sector, with its core activities centered around its primary asset, the Platosa Mine in Mexico. Excellon strives to increase shareholder value by maximizing the potential of its existing assets and seeking new opportunities in mineral-rich regions.
How the Company Makes MoneyExcellon 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
10
Very Negative
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
25
Negative
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
20
Very Negative
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.
BreakdownTTMDec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income Statement
Total Revenue0.000.0025.82M37.95M26.20M26.47M
Gross Profit0.00-540.00K-635.00K4.45M1.57M-1.46M
EBITDA-2.04M-5.47M-6.55M-1.39M-5.29M-5.28M
Net Income-5.22M6.53M-18.84M-57.77M-16.02M-10.07M
Balance Sheet
Total Assets18.39M16.64M26.66M41.56M73.28M55.15M
Cash, Cash Equivalents and Short-Term Investments1.38M744.00K1.47M4.53M10.73M6.69M
Total Debt4.50M11.99M11.50M9.68M8.11M1.28M
Total Liabilities8.94M26.47M48.56M46.05M22.84M12.96M
Stockholders Equity10.98M-9.83M-21.89M-4.49M50.44M42.19M
Cash Flow
Free Cash Flow-747.00K-1.59M-1.77M-5.25M-8.24M-9.68M
Operating Cash Flow-747.00K-1.59M-221.00K2.08M251.00K-3.88M
Investing Cash Flow-1.30M1.00M-738.00K-6.26M-10.52M-5.80M
Financing Cash Flow3.53M-6.00K-248.00K-447.00K12.23M8.37M

Excellon Resources Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.30
Price Trends
50DMA
0.17
Positive
100DMA
0.15
Positive
200DMA
0.13
Positive
Market Momentum
MACD
0.03
Negative
RSI
73.57
Negative
STOCH
70.26
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 0.3 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.17, and above the 200-day MA of 0.13, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 73.57 is Negative, neither overbought nor oversold. The STOCH value of 70.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:EXN.

Excellon Resources Risk Analysis

Excellon Resources disclosed 41 risk factors in its most recent earnings report. Excellon Resources reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Excellon Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (43)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSSVM
76
Outperform
$1.26B14.549.62%0.80%31.23%110.49%
TSEDR
63
Neutral
$1.94B-14.41%4.45%-3193.40%
TSUSA
51
Neutral
$717.59M-95.94%23.63%22.43%
43
Neutral
AU$1.37B-6.17-40.62%4.19%-4.78%-42.91%
TSIPT
42
Neutral
C$71.61M-11.62%36.99%-153.27%
TSEXN
36
Underperform
C$43.76M-73.33%-133.58%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:EXN
Excellon Resources
0.30
0.15
100.00%
TSE:IPT
IMPACT Silver
0.27
0.02
5.88%
TSE:USA
Americas Gold and Silver
1.15
0.82
243.28%
TSE:SVM
Silvercorp Metals
6.33
1.57
33.04%
TSE:EDR
Endeavour Silver
6.90
1.62
30.68%

Excellon Resources Corporate Events

Delistings and Listing ChangesBusiness Operations and Strategy
Excellon Resources Shifts Listing to TSX Venture Exchange
Neutral
May 2, 2025

Excellon Resources Inc. has announced the transfer of its common shares listing from the Toronto Stock Exchange to the TSX Venture Exchange, effective May 7, 2025. This strategic move is expected to align with the company’s growth objectives and may impact its market positioning by providing a platform more suited to its current operational scale and future plans.

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.

Private Placements and Financing
Excellon Resources Upsizes Private Placement to C$7 Million Amid Strong Demand
Positive
Apr 23, 2025

Excellon Resources Inc. has announced an increase in its private placement offering due to strong investor demand, raising the potential gross proceeds to C$7 million. The funds will be used for the development of the Mallay Mine, working capital, and general corporate purposes, with the offering expected to close by May 2, 2025, subject to regulatory approvals.

Spark’s Take on TSE:EXN Stock

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

Excellon Resources’ overall stock score is low due to persistent financial instability and poor valuation metrics. While technical analysis and recent corporate events indicate potential for short-term gains and future growth, the company faces significant financial challenges and legal disputes. Continued focus on financial stabilization and overcoming operational inefficiencies are essential for improvement.

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

Private Placements and Financing
Excellon Resources Upsizes Private Placement to C$6.5 Million
Positive
Apr 22, 2025

Excellon Resources Inc. has announced an increase in its private placement offering due to strong investor demand, raising the gross proceeds target from C$5 million to C$6.5 million. The funds will be used for the development of the Mallay Mine and other corporate purposes, with the offering expected to close by May 2, 2025, subject to regulatory approvals.

Spark’s Take on TSE:EXN Stock

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

Excellon Resources’ overall stock score is low due to persistent financial instability and poor valuation metrics. While technical analysis and recent corporate events indicate potential for short-term gains and future growth, the company’s financial challenges and legal disputes weigh heavily on its prospects. Continued focus on financial stabilization and overcoming operational inefficiencies are essential for improvement.

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

Legal Proceedings
Excellon Resources Faces Legal Challenge Over Past Dispute
Negative
Apr 21, 2025

Excellon Resources Inc. has been named as a defendant in a lawsuit filed by Javier Martinez Lomas in the Ontario Superior Court of Justice, seeking damages of approximately US$23 million. The claim is related to a prior dispute involving a former Mexican subsidiary, which Excellon believes was resolved in Mexican courts. The company views this lawsuit as an attempt to relitigate a settled matter and intends to defend itself vigorously.

Spark’s Take on TSE:EXN Stock

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

Excellon Resources faces significant financial challenges, with persistent negative income and cash flow issues. While technical analysis indicates some short-term positive momentum, and recent corporate events highlight potential for future growth, the poor valuation metrics and ongoing financial instability result in a low overall stock score.

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

Delistings and Listing ChangesPrivate Placements and Financing
Excellon Resources Announces C$5 Million Private Placement and TSXV Listing Plan
Positive
Apr 15, 2025

Excellon Resources Inc. has announced a brokered private placement to raise up to C$5 million, with Eric Sprott making a lead order. The proceeds will be used for the development of the Mallay Mine, working capital, and general corporate purposes. Additionally, Excellon plans to list its common shares on the TSX Venture Exchange, which is expected to be more beneficial for the company and its stakeholders due to cost considerations and market suitability.

Spark’s Take on TSE:EXN Stock

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

Excellon Resources’ overall stock score is low due to persistent financial instability, negative income trends, and poor valuation metrics. While recent corporate events show potential for future growth, the company must address its operational inefficiencies and financial challenges to improve its standing.

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

Private Placements and FinancingM&A TransactionsBusiness Operations and Strategy
Excellon Resources Advances Financing for Mallay Mine Restart
Positive
Apr 2, 2025

Excellon Resources Inc. has made significant progress in securing offtake-linked financing to restart operations at the Mallay Silver Mine in Peru. The company has received several non-binding proposals from major trading houses for zinc and lead concentrate offtake agreements, which include prepayment or structured finance facilities to fund the restart. These proposals offer financing facilities between $4 to $6 million with competitive interest rates and terms, reinforcing the company’s strategy and confidence in the project’s potential. Excellon aims to finalize a preferred financing solution soon, coinciding with the planned acquisition of Minera CRC S.A.C., the owner of the Mallay Mine.

Business Operations and Strategy
Excellon Resources Unveils Promising Exploration Results at Tres Cerros Project
Positive
Mar 21, 2025

Excellon Resources has announced promising exploration results from its Tres Cerros Gold-Silver Project in Peru, revealing high-grade gold and silver mineralization. The findings suggest the potential for a significant mineralized system, with similarities to the renowned Lagunas Norte deposit, positioning Tres Cerros as a valuable early-stage opportunity. The company plans to prioritize drill targets and engage with local stakeholders to advance the project’s development.

Private Placements and FinancingM&A TransactionsBusiness Operations and Strategy
Excellon Resources to Acquire Mallay Silver Mine, Plans Restart by Q4 2025
Positive
Mar 11, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 24, 2025