Update: Excellon Resources Reports Declining Q3 Production, Lower Ore Grades
Ben Kramer-Miller • Tue, Oct. 14
- Excellon Resources' Q3 production fell year over year as the company is processing lower grade ore.
- This is worse than the already gloomy estimate I put forth in July.
- Costs will likely rise faster than I thought, the company is losing money, and I remain bearish despite the lower share price.