Excellon's La Platosa produces 161,559 oz Ag in August 2013-09-17 07:27 ET - News Release Mr. Brendan Cahill reports EXCELLON ANNOUNCES IMPROVED SILVER GRADE, PRODUCTION AND COSTS AT LA PLATOSA MINE Excellon Resources Inc. has provided significantly improved silver grade, produced ounces and costs during July and August at the La Platosa mine in Durango, Mexico. Highlights Production grades of about 900 grams per tonne silver (about 26 ounces per ton) in July/August, including over 160,000 ounces of silver production in August; 2.1 million silver equivalent ounces of production targeted for the year 2013; $14.00 all-in cost per silver equivalent ounce targeted for the year 2013. "The development into higher grade zones completed in the first half of the year has put our high-grade, low-cost silver production at La Platosa firmly back on track," stated Brendan Cahill, president and chief executive officer. "Grades and ounces produced during the third quarter have been better than projected and our net cash costs remain among the lowest in the industry. We expect to see our all-in costs trending lower through the remainder of the year." JULY AND AUGUST, 2013, PRODUCTION RESULTS August, 2013 July, 2013 Eight months 2013 Tonnes mined 5,933 5,066 42,738 Tonnes milled 6,107 4,262 42,338 Grades Silver (g/t) 897 895 688 Silver (oz/T) 26.2 26.1 20.1 Lead (%) 7.45 5.84 6.56 Zinc (%) 8.87 8.03 9.79 Recoveries Silver (%) 91.7 94.6 93.8 Lead (%) 82.3 87.0 84.6 Zinc (%) 82.6 83.0 83.8 Metal production Silver (oz) 161,559 126,131 879,124 Lead (lb) 825,264 477,245 5,169,690 Zinc (lb) 985,956 625,772 7,675,678 AgEq (oz) 229,480 167,494 1,360,825 Cost Net cash/Ag oz $5.31 $8.40 $8.19 All-in/AgEq oz $11.03 $10.60 $16.54 Subject to adjustment following settlement with concentrate purchaser. Silver equivalent ounces established using prices of $24 (U.S.) per ounce Ag, 90 U.S. cents per pound Pb and 90 U.S. cents per pound Zn applied to the recovered metal content of the concentrates. All-in costs include all direct mining, treatment and refining costs, capital and sustaining expenditures, mine and resource expansion drilling and corporate general and administrative expenses. Updated 2013 outlook Excellon is targeting 2013 production of 1.35 million ounces of silver, 8.2 million pounds of lead and 11.9 million pounds of zinc or 2.1 million silver equivalent ounces (based on $24 silver, 90 cents lead and 90 cents zinc) at a targeted all-in cost of $14.00 per silver equivalent ounce. For the purposes of calculating the projected all-in cost, the company has included all direct mining, treatment and refining costs, capital and sustaining expenditures, mine and resource expansion drilling, and corporate general and administrative expenses. Excellon to present at upcoming conferences Excellon will be attending the 2013 Precious Metals Summit at the Park Hyatt Hotel in Beaver Creek, Colo., from Sept. 18 to 20. Brendan Cahill, president and CEO, will be presenting on Thursday, Sept. 19, at 3:45 p.m. (MDT). Excellon will also be attending the Denver Gold Forum 2013 at the Hyatt Regency Hotel in Denver, Colo., from Sept. 22 to 25, 2013.