Excellon Resources Inc. press release

Rising Metals Prices Trigger Renewed Interest in Zombie Mines

2021-08-04

TSX - Toronto Stock Exchange · Silver · Lead · Zinc · Gold · Copper · Tungsten · Canada · Production & Operations

A mine located in Bosnia and Herzegovina may soon resume silver production, after a more than three-decade hiatus, following years of civil unrest. Paul Cronin, CEO of Adriatic Metals Plc, which is the mining company that will be handling this project dubbed the Vares project, reveals that the silver mine could begin production by next year’s end. This is part of an emerging trend that involves resuming operations in “zombie” mines that halted production due to various reasons including political unrest, owner bankruptcy or weak prices.

In an interview, Cronin, a former investment banker, stated that some of these mines, which were abandoned and are scattered across the globe, created potential environmental issues that need to be addressed...

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NOTE TO INVESTORS: The latest news and updates relating to Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) are available in the company’s newsroom at http://ibn.fm/EXN

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