BottomBounce
5月前
🪙 Excellon Resources Inc. ( $EXNRF ): Silver Mining Overview
Excellon Resources is reshaping itself into a modern silver producer after a major transition period. The company once operated one of Mexico’s highest-grade silver mines, and it is now focused on restarting production in Peru while advancing a promising exploration district in Germany.
🇵🇪 Mallay Silver Mine (Peru)
Status: Past-producing, restart planned for 2025
Mallay is the centerpiece of Excellon’s comeback strategy. It’s a previously operating silver-lead-zinc mine with substantial underground development already in place. Because the mine was active in the past, Excellon doesn’t need to build everything from scratch — a huge advantage in both cost and timeline.
Key Points
Fully permitted and historically productive
Roughly 50 kilometers of underground tunnels already developed
Located in a well-known Peruvian mining belt
Expected to return Excellon to silver production once restarted
Mallay is positioned to become the company’s primary source of near-term silver output.
🇲🇽 Platosa Mine (Mexico)
Status: Closed in 2022
Platosa was Excellon’s long-time flagship and was widely recognized for its exceptionally high silver grades. Despite its rich ore, the mine became increasingly difficult and expensive to operate. Narrow ore bodies, rising costs, and labor challenges eventually forced the company to shut it down.
Key Points
Known for extremely high-grade silver ore
Faced rising operating costs and complex geology
Closure pushed Excellon to seek a new core asset
Platosa is no longer part of the company’s production plan, but it remains an important part of Excellon’s history.
🇩🇪 Silver City Project (Germany)
Status: Exploration-stage
Silver City is Excellon’s long-term exploration opportunity. The project sits in a historic mining district with centuries of silver production, yet the area had never been explored using modern geological methods until Excellon arrived.
Key Points
Located in a district with over 700 years of silver mining history
Early drilling has shown high-grade potential
Represents future growth rather than near-term production
This project gives Excellon exposure to a high-grade European silver belt with room for new discoveries.
🧩 How the Assets Fit Together
Mallay (Peru): Near-term production and cash flow
Platosa (Mexico): Former high-grade mine, now closed
Silver City (Germany): Long-term exploration upside
🪙 The Big Picture
Excellon Resources is transitioning from a legacy mine in Mexico to a restart-ready silver operation in Peru, supported by a high-potential exploration district in Germany. The company’s future silver production is expected to come primarily from Mallay, with Silver City offering additional discovery potential down the road.
StockInfo11
6月前
Posted on behalf of Excellon Resources Inc. -Excellon Resources Inc. (EXN.v EXNRF) is advancing a near-term restart of its fully permitted Mallay underground silver–lead–zinc mine in central Peru, while outlining district-scale gold–silver exploration upside.
Mallay previously produced ~1.6m oz of silver annually from a 600tpd plant, supported by ~US$115M in historical investment, and Excellon is targeting a restart by mid-2026 with planned steady-state production of ~2.5M oz AgEq per year at 600tpd by Q2 2026, supported by a forthcoming NI 43-101 resource update.
Full deck:
https://www.excellonresources.com/_resources/presentation/corporate-presentation.pdf?v=0.4
Recent technical work defines Mallay as a multi-stage gold–silver system linking the Pierina Vein, Shafra Zone, and a deeper Mallay Deeps conceptual target, with confirmed Pierina continuity below the 4090 level, strong near-surface gold results at Shafra, and structural evidence for mineralization extending below historic drilling at Isguiz.
Follow-up plans include ~3,500m of underground drilling from the 4090 level and downhole geophysics to support both the restart strategy and longer-term mine life expansion. Full update here:
https://www.excellonresources.com/news/details/index.php?content_id=410
BottomBounce
9月前
Current Prices of Key Precious MetalsAs of September 24, 2025, precious metals have reached extraordinary highs, reflecting a year of robust gains driven by global economic pressures. Here's a snapshot of spot prices per troy ounce (in USD), based on the latest market data:Metal
Current Price (USD/oz)
Year-to-Date Gain (2025)
Gold
$3,754
~25-30%
Silver
$44
~25%
Platinum
$1,484
Stable to modest rise
Palladium
$1,198
Down from peaks
These figures mark all-time records for gold and silver, with gold surpassing $3,700 in recent trading sessions and silver hitting levels not seen in over a decade. Platinum and palladium, more tied to industrial uses, have been more volatile but remain elevated compared to historical averages.Why Precious Metals Will Go Higher: My TakeIn my view, precious metals aren't just riding a temporary wave—they're the financial world's canary in the coal mine, signaling deeper cracks in the global system that will only widen from here. Gold, silver, and their cousins have always thrived when trust in paper money erodes, and right now, that trust is on life support. Let me break it down in plain terms, drawing from the patterns we're seeing.First off, central banks are hoarding these metals like squirrels before a nuclear winter. Institutions from emerging markets to the big players are snapping up hundreds of tonnes quarterly, treating gold as a bulletproof reserve asset amid dollar doubts and geopolitical chess games. It's not hype; it's strategy—95% of central bankers expect global gold reserves to swell this year alone. This steady buying floor keeps prices buoyant, and as tensions simmer (think US-China trade spats or endless Middle East flare-ups), that demand won't let up. It's like they're quietly betting against the fiat house of cards.Layer on the inflation beast that's still prowling. Even with rate cuts in the pipeline, prices for everyday stuff aren't cooling fast enough, and metals like gold and silver act as natural inflation shields. When the Fed (and others) slash rates further—dropping the "opportunity cost" of holding non-yielding assets like these—the money floods back in. Forecasts peg gold averaging $3,675 by Q4 2025 and pushing toward $4,000 by mid-2026, not because of wild speculation, but because lower rates make bonds look anemic by comparison. Silver, with its dual role in jewelry and green tech like solar panels, gets an extra kick from industrial hunger that's outpacing supply—expect it to climb another 7% or more next year.Geopolitics? That's the wildcard accelerant. Tariffs, election fallout, and supply chain snarls are brewing uncertainty that screams "safe haven." Gold's already up 30% year-to-date on this alone, and experts like those at Deutsche Bank and Goldman Sachs see it blasting past $4,000 by year-end if things get spicier. Platinum and palladium might lag a bit due to EV shifts crimping auto demand, but even they benefit from the broader flight to tangibles—tighter mine output could nudge platinum up 5% annually.Bottom line: We're in a secular bull run for these assets because the world's fiat addiction is hitting rock bottom. Governments are drowning in debt, currencies are wobbling, and smart money knows metals don't default. Will there be dips? Sure—markets love a good fakeout. But the trajectory is up, and if history's any guide (from the '70s stagflation to post-2008 jitters), this rally has legs into 2026 and beyond. If you're eyeing a position, now's not a bad time to diversify, but keep it to 10-20% of your portfolio—balance is key in this chaos.
$EXNRF
BottomBounce
9月前
$EXNRF 🔍 Excellon Resources Inc. – Company Overview and Investment Summary
Excellon Resources Inc. is a Canadian-based mining and exploration company with a long history in the resource sector, dating back to its incorporation in 1987. The company is focused on the acquisition, exploration, and development of high-grade precious and base metal projects, primarily silver, gold, lead, zinc, and occasionally copper. Its operations are geographically diversified across North America (Mexico & the United States) and Europe (Germany), giving it exposure to several mining jurisdictions with different risk-reward profiles.
🌎 Geographic & Project Portfolio
Excellon’s asset base is spread across three key countries:
🇲🇽 Mexico (Core historical focus)
Platosa Mine (Durango): Once Mexico’s highest-grade silver mine, Platosa has been a flagship asset for Excellon. It produced very high-grade silver-lead-zinc from narrow carbonate replacement deposits (“mantos”). However, the mine has faced challenges such as water inflow and has recently been put on care and maintenance. The resources still present could support future restarts or sales to other miners.
La Negra Mine (Querétaro): Acquired in 2023, this is a past-producing polymetallic mine with significant infrastructure already in place, including a 3,000 tonne-per-day processing plant. La Negra represents Excellon’s best near-term production opportunity. It has a large indicated and inferred resource base with silver, zinc, lead, and copper, and a positive Preliminary Economic Assessment (PEA) shows strong economics for restarting the mine.
🇺🇸 United States (Gold-focused exploration)
Kilgore Project (Idaho): This is a gold exploration project with a significant amount of drilling and geological work completed. It hosts a relatively large gold resource (over 900,000 ounces in indicated + inferred categories). Excellon views Kilgore as a long-term growth project, possibly appealing in a rising gold price environment.
Oakley Project (Idaho): Another earlier-stage gold project, currently less advanced than Kilgore. It offers exploration upside in a known mining region.
🇩🇪 Germany (Silver-focused exploration)
Silver City Project (Saxony): A historical mining district being revived by Excellon. It offers district-scale silver exploration potential in an area that hasn't seen modern exploration in over a century. Initial drill results show promising silver grades, and this could become a significant project over time if exploration continues to succeed.
📊 Mineral Resources and Potential
Across its portfolio, Excellon holds significant in-ground resources, mostly in the measured, indicated, and inferred categories (not yet proven and probable reserves):
La Negra (Mexico):
~?2.5 million tonnes indicated and 6.4 million tonnes inferred.
Metals: Silver (~21M oz), Zinc, Copper, Lead.
Positive PEA shows potential for economic restart and long mine life.
Kilgore (USA):
~?825,000 oz gold (indicated), ~?136,000 oz (inferred).
Open-pit potential with good drill results.
Platosa (Mexico):
High-grade remaining resources (~5M oz Ag in indicated), though current production is paused.
Silver City (Germany):
Still at early exploration stage; drill results are promising but no NI 43-101 resource yet.
💸 Financial Position and Strategy
Excellon has historically operated on a junior mining model, funding exploration and early-stage development with equity, joint ventures, or strategic acquisitions. With the Platosa Mine suspended, the company is focusing on rebuilding production by restarting La Negra, while advancing exploration at Kilgore and Silver City.
Their recent strategy shows a pivot toward restarting proven operations (La Negra) while maintaining exposure to long-term exploration upside.
The economics of La Negra are compelling:
Estimated capex for restart: ~$20.9 million USD.
After-tax NPV (discounted at 5%): ~$132 million USD.
15-year mine life based on current resources.
This could transform Excellon from a purely speculative junior into a cash-flow-generating mining company, which would be a significant milestone.
📉 Stock Performance and Listing Information
Stock Symbols:
TSX Venture: EXN
OTC (U.S.): EXNRF
Frankfurt (Germany): E4X2
The stock trades at junior mining valuations, reflecting a combination of:
Past operational challenges (e.g., Platosa water inflows),
Market-wide softness in small-cap mining stocks,
Investor wait-and-see attitude on project restarts.
However, with La Negra’s potential and the company's diversified exploration assets, investors may view this as a turnaround story — assuming capital is raised or partners are brought in to restart operations.
🧠 Investment Case – Bull & Bear View
✅ Bull Case:
Restarting La Negra could unlock major value (positive NPV, low restart capex).
Exposure to silver and gold — two metals with bullish long-term outlooks.
Diversified portfolio reduces country risk.
Strong exploration upside in Germany and Idaho.
Leverage to rising silver prices (high-grade ounces in the ground).
Hot Features
プレミアム
登録してリアルタイムのアラート、カスタムポートフォリオ、市場の動きを入手してください。
メールアドレスで登録
