Strongest Quarter Of Durango Production Since 2014
Excellon Resources Inc. (TSX:EXN) has a significant increase in fourth quarter 2020 production from the Platosa Mine in Durango in Mexico.
Q4 2020 Production:
- Silver-equivalent (AgEq) production increased by 18% to 556,332 AgEq oz
- Silver production increased by 37% to 355,581 oz
- Exceeding Q3 2020 as the strongest quarter of silver production since Q2 2014
- Lead production increased by 32% to 2.2 million lb (Q4 2019 – 1.7 million lb)
- Zinc production increased by 19% to 2.5 million lb (Q4 2019 – 2.1 million lb)
President & CEO, Brendan Cahill, said continued improvements at Durango demonstrates the positive impact of ongoing optimisations
“Our Platosa Mine continued to deliver strong production in Q4 2020 after our restart of operations in late Q2, with another quarter of near record mined and milled tonnage,” Mr Cahill said.
“The numerous improvements we have made to the operation are bearing fruit and we continue to identify additional areas for optimisation.
“Our Miguel Auza Mill realised excellent performance throughout 2020 and continues to deliver strong and improving recoveries.
“Our metal production for 2020 was not far off 2019, despite losing almost an entire quarter of production due to the pandemic – a testament to the resilience and perseverance of our operational teams.
“We thank them for their dedication as we look forward to a strong 2021 and yet higher silver prices to come.”
Platosa continued to outperform 2019 productivity, while reducing operating costs, improving safety performance and managing the ongoing threat posed by COVID-19. Recoveries at Miguel Auza improved on an annual basis, while plant reliability has substantially increased.
During 2020, the operation realised improvements in shift scheduling, mining method, offtake arrangements and electricity costs, while completing the phase 2 tailings dam lift and strengthening the management and technical teams.
In the ongoing strong metal price environment, Excellon’s Mexican operations are positioned to continue the performance achieved in the second half of 2020.