Excellon Reports First Quarter 2016 Financial Results - "We continued to make good progress in reducing operating costs during the first quarter," stated Brendan Cahill, President and Chief Executive Officer. "After accessing the Rodilla Manto earlier than planned in late February, we realized an AISC of $11.72 for March, demonstrating the opportunity to dramatically reduce costs per ounce under dry mining conditions at Platosa. We continue to execute our dewatering strategy, with the primary production wells now being drilled. Additionally, subsequent to the end of the quarter, we strengthened our balance sheet with a financing from Eric Sprott and the closing of the transfer of the DeSantis property's mining claims to Oban Mining. Looking ahead, our focus is to continue to improve operating results as the Platosa optimization program is implemented." More
- 05/10/16 | Item |


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