Excellon Resources

Excellon Resources
TSX: EXN
IndustryMining
Headquarters10 King Street East, Suite 200,
Toronto
,
Canada
Key people
Shawn Howarth (CEO)
ProductsSilver

Excellon Resources is a Canadian mining company that operates the La Platosa mine and the La Negra mine silver mines in Mexico.

Organization

Excellon Resources is a Canadian mining company[1] that operates the La Platosa silver mine in La Sierrita, Mexico. In 2012, the company was led by CEO and president Brendan Cahill.[2] In 2023, Shawn Howarth was the CEO.[3]

It is based at 10 King Street East, Toronto.[3]

Activities and history

The company owns the La Platosa mine, one of Mexico's most silver rich mines.[4] The mine operates at Durango[5] on land owned by the Ejido La Sierrita community. The company was accused of failing to build a water treatment plant by the Ejido La Sierrita community. The community submitted two complaints to the Government of Canada including one to the Extractive Sector CSR Counsellor.[2] In 2022, the company announced plans to close the La Platsoa mine,[4] in the third quarter of the year, citing disputes with the worker's union and global metal prices.[6]

In 2023, the company spent $50 million to purchase the La Negra silver mine in Querétaro, Mexico. The mine was previously owned by Dalu S.à r. l.[1]

See also

References

  1. ^ a b Rani, Archana (2023-01-10). "Excellon to acquire La Negra Mine in Mexico for $50m". Mining Technology. Archived from the original on 2023-02-05. Retrieved 2023-06-30.
  2. ^ a b Pauls, Karen (25 February 2015). "Canadian Embassy went too far to protect mining company interests in Mexico, critics say". CBC. Archived from the original on 3 December 2022. Retrieved 30 June 2023.
  3. ^ a b "Excellon CEO hails 'transformational' La Negra acquisition". www.mining-journal.com. 2023-01-20. Archived from the original on 2023-04-01. Retrieved 2023-06-30.
  4. ^ a b Jamasmie, Cecilia (16 May 2022). "Excellon eyes new assets ahead of Platosa closure". Mining.com. Archived from the original on 18 March 2023. Retrieved 30 June 2023.
  5. ^ "Silver starts flowing at Excellon's La Platosa". www.mining-journal.com. 2017-06-09. Archived from the original on 2023-01-30. Retrieved 2023-06-30.
  6. ^ Duran, Paloma (17 May 2022). "Excellon Resources' Platosa Mine to Stop Operations in 3Q22". Mexico Business. Archived from the original on 2023-05-29. Retrieved 2023-06-30.

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