Silver producer - Excellon Resources · 3 TSX:EXN; OTC:EXLLF André Fortier 1,4 Chairman Former SVP...

Mexico’s highest grade

Silver producer

TSX:EXN | OTC:EXLLF Investor Presentation – November 2016

WWW.EXCELLONRESOURCES.COM TSX:EXN; OTC:EXLLF

Disclaimer This document contains “forward‐looking statements” within the meaning of applicable Canadian securities legislation and applicable U.S. securities laws. Except for statements of historical fact relating to the Company, such forward‐looking statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, the potential of the Company’s properties, proposed production rates, potential mineral recovery processes and rates, business plans and future operating revenues. Forward looking statements are made based on management's beliefs, estimates, assumptions and opinions on the date the statements are made. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct and the Company undertakes no obligation to forward‐looking statements, except as may be required by law. Forward‐looking statements are typically identified by words such as: believes, expects, anticipates, intends, estimates, targets, plans, postulates, and similar expressions, or are those which, by their nature, refer to future events. The Company cautions investors that any forward‐looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward‐looking statements as a result of various risk factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced (particularly silver), the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. A description of the risk factors applicable to the Company can be found in the Company’s most recent Annual Information Form under “Description of the Business – Risk Factors”. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties, and particularly the latest NI 43‐101‐compliant technical report prepared by Roscoe Postle Associates Inc. with respect to the Platosa Property. This document is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States. Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources The terms “Measured”, “Indicated” and “Inferred” Mineral Resources used or reference in this document are defined in accordance with Canadian National Instrument 43‐101 – Standards of Disclosure for Mineral Projects (“NI 43‐101”) under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resources and Mineral Reserves. The CIM standards differ significantly from standards in the United States. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category or that Mineral Resources will ever be upgraded to Mineral Reserves. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies other than Preliminary Economic Assessments. United States investors are cautioned not to assume that all or any part of Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists or is economically or legally mineable, or that an Indicated Mineral Resource is economically or legally mineable. Cautionary Note to United States Investors regarding Adjacent or Similar Properties This document may also contain information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises United States investors that the United States Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties. Cautionary Note Regarding the Preliminary Economic Assessment (PEA) The assessments in the PEA are preliminary in nature, mineral resources are not mineral reserves and do not have demonstrated economic viability, and there is no assurance the preliminary assessments will be realized. The outcome of this PEA may be materially affected by the closing of the financing, metals pricing, environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. Qualified Persons Ben Pullinger, P.Geo, Vice-President Geology, is responsible for the Company’s exploration programs and has supervised the preparation of the technical information, which is disclosed in this presentation. He has acted as the Qualified Person, as defined in NI 43-101, for this disclosure.

1

WWW.EXCELLONRESOURCES.COM TSX:EXN; OTC:EXLLF 2

Executing on a proven concept and strategy to double production

and halve costs at the highest grade silver mine in Mexico


André Fortier 1,4

Chairman Former SVP of Noranda, CEO of Kerr Addison Mines and Campbell Resources.

Tim Ryan 1,2 Venture capitalist and director of a number of tech, financial and mining companies. Founder of First General Securities & First Silver Reserve (San Martin Mine acquired by First Majestic).

Thor Eaton 2,3 Canadian businessman and philanthropist. Chairman of Notae Investments. Former director of West Timmins Mining.

Alan McFarland 1,3,4 Founding director of World Resources Institute. Former investment banker at Lazard. Previously served as a director of Placer Dome and Masonite.

Ned Goodman 2,3 Canadian Mining Hall of Fame Inductee (2012). Company builder – International Corona, Kinross Gold, Dundee Group of Companies.

Oliver Fernández 4

Mexican businessman and entrepreneur. Founder & President of Credito Maestro.

Brendan Cahill President and CEO

M&A securities lawyer (Davies Ward Phillips & Vineberg LLP. Former VP Corp Dev. of Pelangio Exploration. Member of Young Presidents’ Organization.

BOARD COMMITTEES: 1.Audit 2. Compensation 3. Nominating and Corporate Governance 4. Safety, Health and Environment


Brendan Cahill President & CEO

M&A securities lawyer (Davies Ward Phillips & Vineberg LLP. Former VP Corp Dev. of Pelangio Exploration. Member of Young Presidents’ Organization.

Rupy Dhadwar CFO

Chartered Accountant with finance and business expertise. Formerly with McGillivray Partners.

Ben Pullinger VP, Geology

Professional Geologist with track record of discovery and project advancement. Former VP Exploration at Roxgold Inc.

Denis Flood VP, Tech Services

Professional Mining Engineer with exceptional technical assessment and implementation abilities. Former Principal Mining Engineer at Resolution Copper (Rio Tinto Group). Previously with Xstrata and Goldcorp.

Gerardo Rovelo Senior Ops Manager

Mining engineer, with proven ability to reduce costs and enhance technical capabilities. Formerly with First Majestic, Diabras and Grupo Mexico.

Ronald Marino Corporate Controller

Chartered Accountant, 18 years of experience in Latin America and North America. Previously with Anglo American.

Nisha Hasan Director, Investor Relations

Led investor relations programs for several Canadian mining companies. Former Director of Investor Relations at Continental Gold.


MIGUEL AUZA MILL

LA PLATOSA MINE

PORT OF MANZANILLO

MEXICO CITY

TORREON

DURANGO

FRESNILLO

• 100% owned underground silver-lead-zinc mine

• Over 500,000 tonnes mined since production commenced in 2005

• Remaining resources at over 1.2 kg/t AgEq – one of the richest silver resources in the world

• Safe jurisdiction with grid power, national highway runs through property

5

55 km from Torreon (pop. 1.2 m)


1. CIM definitions were followed for the classification of Mineral Resources. 2. Mineral Resources are estimated at an incremental NSR cut-off value of US$146 per tonne. 3. Net smelter return metal price assumptions: US$17/oz Ag, US$0.90/lb Pb, US$1.00/lb Zn. 4. Metal recovery assumptions for NSR cut-off value purposes: Ag 89%, Pb 76%, Zn 81%. 5. The silver equivalent (AgEq) is estimated from metallurgical recoveries, metal price assumptions, and smelter terms, which include payable factors, treatment charges, penalties, and refining charges. 6. The estimate is of Mineral Resources only and, because these do not constitute Mineral Reserves, they do not have any demonstrated economic viability. 7. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that enable them to be categorized as mineral reserves. 8. Mineral resource estimate prepared by David Ross, P.Geo., of Roscoe Postle Associates Inc., independent geological and mining consultants of Toronto, Ontario. Prepared as at December 31, 2014.

Edge of a virtually untouched CRD system

La Platosa 2014 Mineral Resource Estimate

Category Tonnes

(t) Ag

(g/t) Pb (%)

Zn (%)

AgEq (g/t)

Ag (M oz)

Pb (M lb)

Zn (M lb)

AgEq (M oz)

Measured 28,000 781 7.85 11.52 1,305 711,000 4,896,000 7,188,000 1,187,000

Indicated 400,000 758 8.31 9.77 1,248 9,747,000 73,214,000 86,098,000 16,046,000

M&I 428,000 760 8.28 9.88 1,252 10,457,000 78,110,000 93,286,000 17,233,000

Inferred 4,000 2,027 14.65 2.20 2,492 260,000 1,288,000 193,000 320,000


Targeting US$50m+ in free cash flow (2016-2020)

7

DOUBLE PRODUCTION HALVE COSTS


Sump

Grout holes

Pump

Robbins Raise

8

Capital and labour intensive mining process

Intensive grouting to keep water out of the mine, reactive pumping when inflows occur


9

Pumping (since 2009) lowers water levels around mine

Contour map of regional water table

ADVISORS

Hydro Ressources Inc. track record with Goldex (Agnico), Éléonore (Goldcorp), Cigar Lake (Cameco) and Victor (De Beers)

Technosub Inc. Pump suppliers to 80% of Canada’s underground mines

Water levels steeply dropping towards mine


Submersible Pump

Booster Pump

Robbins Raise

14” Well

10

High-efficiency pumps, pumping directly from water-bearing faults

Proactive pumping to deepen cone of depression and eliminate the possibility of water entering the mine


GENERAL MODEL/NOT TO SCALE

High Grade Ore Ahead

Rate of drawdown directly correlated to pumping rates

Area/Manto Tonnes

(kt) Ag

(g/t) Pb (%)

Zn (%)

Ag Eq (g/t)

6A/6B 34 664 7.95 10.77 1,171

Guadalupe S. 22 866 7.47 13.05 1,420

Rodilla 82 674 6.96 10.55 1,148

NE-1 159 555 7.90 7.21 967

623 83 1,231 10.25 9.43 1,766

Pierna 48 783 8.96 16.27 1,464

M&I 428 760 8.28 9.88 1,252

11



Located in Zacatecas, Mexico,

approx. 220 km from Platosa

Mine

Low trucking costs

Currently at 350 tpd, scalable

to 650 tpd

Current recoveries of ~90%

Ag, ~80% Pb and ~80% Zn

Ability to further increase

processing capacity at a

minimal cost


UPSIDE: Lower capital ($6M), lower OPEX/tonne (50% reduction), lower electricity costs ($0.06 per KWH v. $0.13 per KWH), improved forex (all costs in MXP and CDN)

*Based on original capital investment of $9.9M as disclosed in PEA prepared by Roscoe Postle Associates Inc. dated July 9, 2015

After Tax Economics ($17/oz silver, $0.90/lb lead, $1.00/lb zinc)

Ag (oz) $13.60 $15.30 $17.00 $18.70 $20.40

Pb (lb) $0.72 $0.81 $0.90 $0.99 $1.08

Zn (lb) $0.80 $0.90 $1.00 $1.10 $1.20

NPV7.5% (‘000s) $(662) $19,405 $39,472 $59,539 $79,607

IRR 6% 56% 118% 221% 466%

Based on initial estimate of $9.9M capital investment

6+ years of currently defined mine life (2015-2021)


Installation of high efficiency sump & booster pumps; drilling pilot holes Cost: $1.42 M

Drilling of production wells and installation of booster pumps Cost: $1.54 M

Installation of submersible pumps in production wells and additional boost pumps Cost: $2.3 M

Incrementally improving operating conditions

AISC well below $10/oz, $50m+ net cash flow

(2016-2020)

50% of the budget spent to date


Leveraged to Strong Zinc Fundamentals

25% 30% 35%

$7.4 $7.8 $7.0 $8.8 $5.4

$6.1 $4.8 $6.5 $7.1

$3.4

$40.8

$29.5 $25.5 $21.0

$11.6

$-

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

2011 2012 2013 2014 2015

Silver Lead Zinc

Rev

enu

e b

y M

etal

($

M)

Stable Revenue Contributions from Base Metals

43% 43%

$13m+ p.a.

1 Year Warehouse Stocks Levels

1 Year Zinc Spot


9-Mos 2016 2015 2014 2013 2012

Tonnes Milled 41,176 56,849 64,206 69,862 48,199

Grades

Ag (g/t) 485 491 603 718 846

Lead (%) 4.71 4.56 6.57 6.14 6.75

Zinc (%) 6.01 7.20 8.90 8.00 11.81

Metal Production

Ag (oz) 593,165 794,289 1,162,929 1,409,852 1,081,165

Lead (Ib) 3,523,537 4,387,358 7,515,720 7,342,108 5,731,160

Zinc (Ib) 4,333,038 7,362,938 10,075,172 9,876,955 10,450,813

AgEq (oz) 987,880 1,429,439 2,048,017 2,055,567 1,550,964

Recoveries

Ag (%) 90.7 89.0 91.8 92.6 93.4

Lead (%) 82.4 77.7 81.9 79.4 82.1

Zinc (%) 79.7 81.6 81.8 80.2 84.8

Total Cash Cost/Ag oz payable $12.24 $15.11 $13.76 $10.01 $6.64

Adjusted AISC/ Ag oz(1) $20.52 $22.58 $21.69 $19.62 $19.38

Adjusted Net Income (Loss)(2) ($1.0M) ($4.4M) ($3.8M) ($5M) $8.4M

Cash Flow from Operations ($0.1M) ($1.9M) $1.2M $1.7M $3.6M

(1) Adjusted AISC per silver ounce payable excludes one-time sustaining capital expenditures associated with the “Platosa Optimization Plan” (2) The company's adjusted 9-mos 2016 reflect results before fair value adjustments on embedded derivatives and warrants related to convertible debentures

issued in November 2015 (9-mos 2016 $13.3 million). The fair value adjustment derives from the strong performance of the Company’s stock (9-mos 2016 $0.31 to $1.88), resulting in significant increases in valuation/cost upon the potential conversion or exercise of the debentures or warrants, respectively.

Production impacted by ongoing water management Returning to higher grades with improved mine sequencing, developing into higher grade mantos Mining cost per tonne continues to improve Focused on achieving dry mining conditions


18 www.excellonresources.com 18

M a j o r C R D s C R D s

1 Cerro San Pedro: 151 Mt (New Gold)

2 San Martin-Sabinas: 120 Mt (Peñoles)

3 Terrazas: 87 Mt (Andromeda)

4 Santa Eulalia: 50 Mt (Grupo Mex.)

5 Penasquito: 45 Mt+ (Goldcorp)

6 Naica: 35 Mt (Peñoles)

7 Santa Barbara: 30 Mt+ (Grupo Mex.)

8 Charcas: 25 Mt (Grupo Mex.)

9 Velardena: 18 Mt (Peñoles)

10 Bismark: 15 Mt (Peñoles)

11 Cinco de Mayo: 12 Mt (MAG Silver)

12 Catorce La Paz: 10 Mt

13 Cananea: 10 Mt + CRD (Grupo Mex.)

14 Zimapan: 8 Mt

15 Mapimi-Ojuela: 6 Mt (Peñoles)

16 San Pedro Corralitos: 5 Mt+

17 La Negra: 5 Mt (Aurcana)

18 Sierra Almoloya: 1 Mt+

La Platosa: 940,000 t (Mined & remaining Resources)

MIGUEL AUZA MILL

LA PLATOSA MINE

MEXICO CITY

TORREON

DURANGO

FRESNILLO

PORT OF MANZANILLO

Top silver producing country in the world

Mexico’s CRD Belt

LARGE SCALE

HIGH GRADE

SIMPLE MINING AND METALLURGY

Avg. of 10-15M tonnes with the largest well in excess of 50M tonnes

Polymetallic, with metal contents ranging from 1-12% Pb; 1-18%Zn; 60-600 g/t Ag; up to 2% Cu and 6 g/t Au

Large, continuous individual ore bodies averaging 0.5M to 2M tonnes in size, with some up to 20M tonnes, favourable metallurgy with minimal environmental footprint

13 10

16

11 3

4

6

18 7

2

15

9 5 12

8

1

17

14


Santa Eulalia Cross Section

Just getting started


Rincon del Caido

La Platosa

After Sillitoe and Bonham 1990


Staged approach for exploration

MINERAL RESOURCES

700 m

80

0 m

Current resource area covers only 56 ha of a

21,000 ha land package

Significant room for new mineralization - prospective and undrilled ground at the edge of known resources

55 m @ 0.08 g/t Au, 132 g/t Ag, 3.13% Pb, 1.74% Zn

7 m @ 13.07 g/t Au, 21.1 g/t Ag, 3.57% Zn

43 m @ 0.22 g/t Au, 146 g/t Ag, 2.76% Pb, 1.85% Zn

Rincon del Caido - source-style discovery less than 1 km from Platosa

Short term – delineate additional tonnes near the mine Medium term – delineate peripheral tonnes and brownfields exploration Long term – Regional exploration at targets such as Rincon del Caido to upgrade, delineate and move towards resource stage

7 m @ 0.11 g/t Au, 409 g/t Ag, 10.2% Pb, 8.4% Zn


• 14,000 ha of mineral rights on primary silver belt in Zacatecas, Mexico

• $22M of loss carry-forwards, still creating value

• Brand new, scalable, 650 tpd mill ($15M value)

• Platosa Ag recovery increased from 70% pre-acquisition (toll-milling) to +90% today

Acquired SEM in June 2009 for $4M


352 employees and

contractors

100% Mexican

Local communities of

Bermejillo & Mapimi

Fully Engaged

Health, education &

social infrastructure

Sustainable Investments

We partner with local, state and federal governments to bring real advancements to our communities


KEY SHAREHOLDERS

SHARE STRUCTURE Issued & Outstanding: 74.8 M Options (avg. $0.97): 1.4 M DSUs: 1.9 M RSUs: 1.2 M Warrants (C$0.50): 2.5 M (C$0.65): 3.3 M (C$1.75): 6.6 M (EXN.WT) Fully Diluted: 91.7 M

TRADING SUMMARY*

Eric Sprott Sprott Asset Management Dundee Corporation Blackrock Global Silver Miners ETF Charteris Treasury Portfolio Manager Notae Investments

*As at November 1, 2016

TSX:EXN OTC:EXLLF 90-Day Av. Daily Vol: 273,489 102,698 52-Week Range: $2.40-0.195 $1.85-0.16 Market Cap: CAD$140M US$105M

ANALYST COVERAGE Cormark Securities - Graeme Jennings Red Cloud – Derek Macpherson

Net Working Capital (Q3-2016): $14.7M Production (YE-2015): 0.8M oz Ag (in con.) 1.4M oz Ag equivalent

Recent financings include:

C$6.6 M – C$5.61M 3.75% convertible debentures (4 year, C$0.50 conversion) and sale of 1.25% NSR for C$0.99M

C$3.0M private placement with Eric Sprott

C$15.2M bought deal public offering (closed in early Q3 2016)


• Enhanced board expertise with the

reappointment of Ned Goodman • 50% reduction in operating costs

• Cut corporate G&A to pre-production levels

• Developed a proven concept and strategy to

eliminate Platosa’s water problem

• Filed PEA demonstrating 118% IRR on optimization plan

• Successful financing of $6.6 million to fund optimization plan

• Commencement of dewatering program

2015 2016 • Eric Sprott financing of $3 million • Initial results of increased pumping exceed

expectations • Completed $15.2 million bought deal

financing

• Strengthened management and technical capabilities

• Commenced $5 million exploration program


Simple solution to double production &

halve costs

Strong free cash flow generation sub $9.00

AISC

Edge of a virtually untouched CRD

system

Led by a group of Company builders

seeking acquisitions

Long history of high-grade production


Appendix


All-In Sustaining Cost Calculation 9-Mos

2016 2015

Total Cash Costs per payable silver oz $12.24 $15.11

General and Administrative Costs (cash) $3.02 $3.35

Share-based Payments (non-cash) $0.92 $0.97

Reclamation Costs (non-cash) $0.13 $0.19

Exploration Sustaining Capital $0.79 $0.68

Capital Expenditures $7.00 $2.25

All-in Sustaining Costs: $24.10 $22.55

*Adjusted All-in Sustaining Costs: $20.52 $21.21

Excluding non-cash items: $23.05 $21.39

*Adjusted AISC per silver ounce payable excludes one-time sustaining capital expenditures associated with the “Platosa Optimization Plan”


• Ratio – trading at 68:1, but produced at less than 10:1

• Consumption – 50% of silver production consumed & must be replaced by mine production

• Future – solar, high technology and medicine – the irreplaceable metal of innovation

• Ongoing currency war

• Negative interest rates – no opportunity cost to hold gold

• Major central bank buying and move to physical exchanges in the East

29

THE CASE FOR GOLD THE CASE FOR SILVER

• Deutschbank price fixing scandal in both gold and silver


Cas

h G

&A

($

M)

$4.7 $4.9

$7.8

$5.7

$4.6

$5.8 $6.1

$3.9 $3.4

$2.4

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Lowest cash G&A since 2005, before production commenced

Executive Salary Reductions, Board Paid in Equity


*Based on original capital investment of $9.9M as disclosed in PEA prepared by Roscoe Postle Associates Inc. dated July 9, 2015 and base case metals prices of $17/oz silver, $0.90/lb lead, $1.00/lb zinc.

LOM (2015-2020) Peak Production (2016-2019)

Ag oz payable (‘000s) 8,492 6,932

Tonnes Produced 504,504 383,541

$ M $/t $/oz $ M $/t $/oz

Mining 101.6 201.4 11.97 72.3 188.5 10.43

Processing 31.1 61.6 3.66 23.4 61.0 3.37

Operating Cash Cost 132.7 263.0 15.63 95.7 249.5 13.80

By-product credits (68.9) (136.5) (8.11) (54.3) (141.5) (7.83)

Royalties 0.5 1.1 0.06 0.3 0.9 0.05

Total Cash Cost 64.3 127.6 7.58 41.7 108.9 6.02

G&A 15.9 31.5 1.87 10.7 27.4 1.54

Reclamation Costs 0.4 0.9 0.05 0.3 0.8 0.04

Exploration 5.0 9.8 0.58 3.3 8.5 0.47

Cap-Ex 19.8 39.2 2.33 6.4 16.8 0.93

Total sustaining costs 41.1 81.4 4.83 20.7 54.0 2.99

All-in sustaining costs 105.4 209.0 12.41 62.4 162.9 9.00


*Based on original capital investment of $9.9M as disclosed in PEA prepared by Roscoe Postle Associates Inc. dated July 9, 2015 and base case metals prices of $17/oz silver, $0.90/lb lead, $1.00/lb zinc.

LOM Peak Production

(2015-2020) (annual avg.) (2016-2019) (annual avg.)

Tonnes Ore (‘000s) 505 84 384 96

Ore/day tpd 256 256 274 274

Head Grades

Ag (g/t) 638 638 681 681

Lead (%) 6.8 6.8 7.0 7.0

Zinc (%) 8.1 8.1 8.6 8.6

Metal Produced (‘000s)

Ag (oz) 9,316 1,553 7,608 1,902

Lead (Ib) 62,424 10,404 48,644 12,161

Zinc (Ib) 71,017 11,836 57,144 14,286

Pb Conc. 47,237 7,873 36,802 9,200

Zn Conc. 63,498 10,583 51,093 12,773

Recoveries

Ag (%) 90 90 91 91

Lead (%) 82 82 82 82

Zinc (%) 77 77 79 79


0

100

200

300

400

500

600

700

800

900

0 100 200 300 400 500 600 700 800 900

M&

I Re

sou

rce

Gra

de

(A

g g/

t)

Production Grade 2015 (Ag g/t)

Great Panther, Topia MAG/Fresnillo, Juanicipio*

Fresnillo, El Saucito

Fresnillo, Fresnillo Pan American, La Colorada

Primero, San Dimas

Endeavour, Guanacevi

*Development stage project. **Based on public disclosure documents.

Excellon, La Platosa

Nisha Hasan Director, Investor Relations 416-364-1130 | [email protected]

capitalizing on generational opportunities and striving to always do better for our shareholders, employees and neighbouring communities

Our vision is to be a premier silver producer by

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Silver producer - Excellon Resources · 3 TSX:EXN; OTC:EXLLF André Fortier 1,4 Chairman Former SVP...

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