Excellon meldet Zahen für 2017
2017 Financial and Operational Highlights (compared to 2016) - Completion of Optimization Plan resulting in dry mining conditions with two consecutive quarters of increased production and lower costs
- Underground drilling successfully added near-term mineable mineralization
- Commenced surface exploration program to define new targets surrounding Platosa; initial drilling program at Miguel Auza to commence in Q2
- Revenue increased 25% to $21.2 million (2016 – $17.0 million)
- Silver equivalent (“AgEq”) production increased 14% to 1.5 million ounces (2016 – 1.3 million AgEq ounces)
- AgEq ounces payable increased 18% to 1.3 million ounces (2016 – 1.1 million AgEq ounces payable)
- Gross profit decreased 42% to $0.4 million (2016 – $0.7 million), but totaled $2.6 million in the second half of the year following completion of the Optimization Plan
- Total cash cost per Ag oz payable decreased 23% to $10.38 (2016 – $13.42)
- Adjusted all-in sustaining cost per Ag oz payable (“AISC”) decreased 15% to $21.89 (2016 – $25.83), excluding the one-time sustaining capital expenditures associated with the Optimization Plan, with Adjusted AISC per Ag oz payable of $13.73 in the second half of the year
- Adjusted net loss of $3.7 million or $0.05/share (2016 – adjusted net loss of $3.4 million or $0.05/share), excluding non-cash financing loss associated with convertible debentures (“Debentures”) issued in November 2015 and accelerated to conversion in December 2017
- Net working capital totaled $13.8 million at December 31, 2017 (December 31, 2016 – $8.6 million), following successful equity financing to advance exploration
http://www.excellonresources.com/news/details/index.php?content_id=183
http://www.miningweekly.com/article/...y-mining-conditions-2018-03-23
|