The Investment Doctor
Long/short equity, value, debt, base metals

Excellon Resources - Mexico's Highest Grade Silver Mine


In this article I'll have a look at Excellon Resources (OTCPK:EXLLF), which operates the Platosa mine which is the highest-grade silver mine in Mexico (according to the company). The company's stock also trades as EXN on the Toronto Stock Exchange. I will first look at the operational side of the company and analyze the Platosa production profile. Thereafter I'll move on to the financial side of things and briefly discuss the company's financial situation. I will also dig deeper into the company's expected cash flow profile and will run some numbers based on different silver prices.

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Executive Summary

As I'll prove in this article, because Excellon is mining a project with an average grade...

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