Excellon’s vision is to realize opportunities for the benefit of our employees, communities and shareholders, through the acquisition of advanced development or producing assets with further potential to gain from an experienced operational management team. The Company is advancing a portfolio of gold, silver and base metals assets including Kilgore, an advanced gold exploration project in Idaho; and Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The Company has also entered into an agreement to acquire La Negra, a past-producing Ag-Zn-Cu-Pb mine with exploration potential, located in Querétaro State, Mexico.
Excellon has entered into a definitive acquisition agreement to acquire the past-producing La Negra Mine located in Querétaro State, Mexico. With historical production averaging +3.0 million silver-equivalent (“AgEq”) ounces (“oz”) annually, and potential for significant mineral resource expansion, La Negra has the necessary permits to restart production, existing infrastructure including a 3,000 tonne per day mill, mine development, camp facilities, all-season highway access and existing workforce.
La Negra stands out as a permitted, near-term restart opportunity capable of generating significant value.
With a 50-year production history, La Negra remains relatively under-explored, and the system remains open along strike and at depth.
Excellon is targeting a restart timeline of 12 to 18 months for La Negra.
