Jun. 18 at 10:41 PM
$EXNRF Posted on behalf of Excellon Resources Inc. – Silver is sitting around US
$66/oz and Excellon is bringing a past-producing silver-lead-zinc mine back online right into it. Pulled the full setup together here, why Mallay in Peru is the catalyst worth watching
- Bulk-sample campaign at the 100%-owned Mallay mill targeted this month, to validate metallurgy, recoveries and concentrate quality (May 27, 2026 NR)
- Fresh Feb 2026 NI 43-101: 890,000 t Indicated at 420 g/t AgEq (12.01M oz), plus 362,000 t Inferred at 344 g/t AgEq (4.00M oz)
- Glencore off-take for the lead/zinc concentrates, on a fully permitted plant carrying \~US
$115M of historical Buenaventura-era investment
- Management notes spot silver is well above the US
$30/oz assumption used in that February resource
Check out Excellon's latest webinar here: https://x.com/StckMasterFlash/status/2066602371023822878