Record Mined Tonnes At Platosa In Mexico
Excellon Resources Inc. (TSX:EXN) has announced strong third quarter 2020 production results from the Platosa Mine in Durango in Mexico.
The results include:
- A 23% in silver equivalent (AgEq) production to 524,312 AgEq oz
- A 27% increase in silver production to 326,909 oz
- A 71% increase in lead production to 2.2 million lb
- A 66% increase in Zinc production to 2.7 million lb
- Record mined tonnes from Platosa during the quarter
“Our operations team performed exceptionally well in Q3 in all areas, managing the restart and delivering record mined tonnage from Platosa, while keeping our people safe through the threat of COVID-19,” said Brendan Cahill, Excellon’s President and CEO.
“We continue to implement all measures necessary to minimise the impact of the pandemic on our people and the operations.
“Additionally, we have now secured a private electricity contract linked to natural gas prices, which we expect to deliver much lower prices in this critical cost centre going forward, driving down costs overall.”
Mr Cahill said the operation continued to realize improvements during the third quarter from the site organisational changes implemented prior to the pandemic-mandated shutdown. Improvements were recognised in lower consumable costs, lower workforce costs, an increased in mine efficiency, improved mine extraction by month and increased equipment reliability.
At the process plant, a focus on feed blending, reagent optimization and workforce shift schedule reorganization has resulted in plant operational stabilization and increased metal recoveries with lower unit cost.
Head grades were consistent with past performance, with reduced silver feed grades the product of current mining areas and ordinary course variations. The ongoing focus is on business improvements and lower electricity prices from the newly activated power contract at Platosa are expected to continue improving the operation’s economics.