-
$-
Dec 31
$0M
-
-
Silver
Business Summary »
Producing silver, lead, and zinc from its very high grade deposit at its Platosa Property in Mexico, expanding the existing deposit’s resources, and aggressively exploring elsewhere within the property with the hopes of discovering a massive 5-50 million tones carbonate replacement deposit (CRD). Published indicated resources at Platosa of about 44 million lbs. lead, 43 million lbs. zinc, and 9.2 million ounces silver as of May 9, 2006.
The Metal Augmentor Take »
Recent drill results and corporate activity on the acquisitions end suggests that Excellon’s four working drill rigs are finally paying off in a new and significant discovery beyond the current ultra high-grade deposit. While production numbers are likely to be similar to 2007 in fiscal 2008, production should roughly double once Excellon finishes building its very own 350 tonne per day mill, expected in late 2008. It is expected that the new mill will allow for the negotiation of more favorable smelter terms as well as resulting in significantly improved recoveries. Consequently, cash flow should improve significantly in about 12 months. Combined with its exploration upside, which could realistically result in the discovery of a large mineral deposit, Excellon appears to be undervalued. However, any explosive upside appears to be limited due to their being about 150 million shares outstanding. Rather, I expect more of a slow and steady rise higher with occasional spikes along the way.
News Reviews »
Metal Augmentor Analysis »
PDAC 2012 Day 1
We are at PDAC this week researching mining companies and stories. The Toronto Convention Center is busy as usual with thousands of mining heads taking care of business. Almost 600 exhibitors (not including the “trades” like drillers and consulting firms) … Read More →
Peerless Silver Producers
Wouldn’t it be nice to have a list of high quality exploration or mining companies at the fingertips so that it is easy to construct long-term portfolios or do some short-term trading when the right opportunity comes along? With all … Read More →
Silver Producers Update May 6, 2011
With the recent volatility in silver, we thought it would be an opportune time to update our silver mining valuation model to see if we… Login or Subscribe to Read More →
Qualitative Analysis of Silver Producers
Recently we published a chart-intensive, fundamental, objectively-oriented Silver Producers Report. Now we set out to analyze each company on a more qualitative level, revealing some… Login or Subscribe to Read More →
Silver Producers Report – 2011 Edition
[The date of this report and all data contained within it are current as of March 4, 2011 although not all companies have fully reported year-end results… Login or Subscribe to Read More →
Mining News Review: Week of September 13th
It is typical for me (aka Zurbo) and my business partner Tom (aka Silverax) to discuss the latest news and developments from explorers and mining companies for several hours each day. Rather than having the results of these discussions remain … Read More →
Updated Silver Producer Report July 2010
We have prepared a new comparative silver producer report that now includes Silver Wheaton as well as junior silver producers Aurcana, Great Panther and Excellon… Login or Subscribe to Read More →
Golden Minerals (Pink Sheets: GDMN): Cash King with Cash Flow?
Introduction Golden Minerals Company, the successor to Apex Silver, currently trades on the Pink Sheets under the symbol GDMN at slightly more than $2 per share… Login or Subscribe to Read More →
Excellon Will Send Concentrates Outside Mexico
Excellon Resources (TSX: EXN), a company we featured a few weeks go, announced today the closing of a private placement tranche of approx. 10 million shares… Login or Subscribe to Read More →
Excellon Resources (TSX: EXN) to Acquire Silver Eagle Mines (TSX: SEG)
On March 5, Excellon signed a letter of intent with Silver Eagle to acquire all of its issued and outstanding shares in exchange for 0.2704 Excellon common… Login or Subscribe to Read More →
Find Us Elsewere