# Excellon Produces First Concentrate at Mallay

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/excellon-produces-first-concentrate-at-mallay--198db442-5c60-4bb3-bab9-998dfaab9be2

Original source: https://money.tmx.com/en/quote/EXN/news/8448843297007897/excellon-produces-first-concentrate-at-mallay

Publisher: tmx

Original announcement: 2026-08-05T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Excellon Resources Inc.

- Ticker: EXN

- Exchange: TSX

- Region: central Peru

- Primary commodity: Silver

- Secondary commodities: Lead, Zinc

- Document categories: Production, Metallurgy

- Extracted: 2026-08-23 10:25:50 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Excellon Resources has achieved its first concentrate production at the Mallay Silver-Lead-Zinc Mine in Peru during its pre-commissioning phase. The company has processed approximately 12,000 tonnes of material, producing concentrates containing silver, lead, and zinc, while advancing dewatering and rehabilitation of the 400 Ramp.

Reasoning: The achievement of first concentrate production is a major operational milestone for the Mallay restart, though the company explicitly notes the lack of formal economic studies.

- Positive factor: First concentrate production achieved

- Positive factor: Consistent mill operation during pre-commissioning

- Positive factor: Successful dewatering of 400 Ramp

- Positive factor: Transition to more productive mining methods planned

- Negative factor: No formal economic studies \(PEA/PFS/DFS\) completed for restart

- Negative factor: Production quantities are unaudited and subject to adjustment

Facts used in scoring: 3

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Story-specific tag

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release is reviewed and approved by a Qualified Person \(Paul Keller, P.Eng.\)

Evidence · text

> Qualified Person Paul Keller, P.Eng., Excellon's Chief Operating Officer and a "Qualified Person" as defined by National Instrument 43-101

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The concentrator is described as a conventional flotation plant.

Evidence · text

> The Mallay concentrator is a conventional flotation plant

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.