Excellon Resources

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

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

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. 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. 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. "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. 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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