Excellon Resources to Acquire and Restart Mallay Mine
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Excellon Resources to Acquire and Restart Mallay Mine

Story Highlights
  • Excellon Resources is acquiring the Mallay Mine to regain silver producer status.
  • The company plans to restart the mine, utilizing existing infrastructure and exploring further resources.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Excellon Resources (TSE:EXN) has released an update.

Excellon Resources is set to acquire the Mallay Mine in Peru, aiming to revitalize its status as a silver producer. The transaction involves a combination of cash and shares, with plans to restart the mine and explore additional mineral resources. Excellon is leveraging its experienced team to capitalize on the significant infrastructure and historical investment already in place.

For further insights into TSE:EXN stock, check out TipRanks’ Stock Analysis page.

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