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Excellon Resources Down 3% After Q2 Result

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Excellon Resources Inc. (EXN.TO) is down more than 3% after reporting net income of US$8.1 million for the three months ended June 30, 2011.

- in the second quarter the company had sales of 383,500 oz of silver, 1,721,354 lb of lead and 2,025,098 lb of zinc.

- net cash costs after lead and zinc by-product credits for the three months ended June 30, 2011 were US$3.74/oz.

- exploration expenses for the quarter totalled $1.5 million for the on-going program at Platosa. Results continue to be successful and encouraging.

- the company's cash and cash equivalents at June 30, 2011 was $12.3 million and working capital was $15.8 million.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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