Excellon Resources Inc (EXN) Financings
TSXV: EXN · Silver, Gold · Development stage
- Market cap$105.8M
- Share price$0.240
- 52-week range$0.235 – $0.735
- Shares outstanding440,831,956
- ExchangeTSXV
- Websiteexcellonresources.com
Excellon Resources is focused on advancing the restart of its fully permitted, past-producing Mallay Mine in Peru, positioning the Company as a near-term silver producer. Following its February 2026 independent mineral resource estimate at Mallay, Excellon is advancing restart planning and near-mine growth, while also advancing the adjacent Tres Cerros Gold-Silver Exploration Property in Peru. The Company also holds the Kilgore Project, an advanced gold exploration project in Idaho, and the Silver City Project, a high-grade epithermal silver district in Saxony, Germany. Additional details on Excellon's properties can be found at www.excellonresources.com.
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Excellon Resources Inc financial statements
Key figures read from 39 of 39 financial statement filings, Nov 2, 2016 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$7,161 | US$1,362 | US$691 | US$1,468 | US$4,071 |
| Short-term investments | — | — | — | — | US$454 |
| Total current assets | US$10,681* | US$1,826* | US$1,241* | US$5,925* | US$12,243* |
| Total current liabilities | US$10,686 | US$5,690 | US$25,720 | US$46,453 | US$34,151 |
| Working capital | (US$5) | (US$3,864) | (US$24,479) | (US$40,528) | (US$21,908) |
| Exploration and evaluation assets | US$19,557 | US$15,230 | US$15,359 | US$20,510 | US$20,273 |
| Property, plant and equipment | US$5,638 | — | — | US$229 | US$9,044 |
| Total assets | US$41,606 | US$18,388 | US$16,641 | US$26,664 | US$41,560 |
| Debt | US$3,429 | US$3,250 | US$11,942 | US$11,282 | US$9,238 |
| Total liabilities | US$16,420 | US$8,940 | US$26,468 | US$48,559 | US$46,047 |
| Shareholders' equity | US$25,186 | US$9,448 | (US$9,827) | (US$21,895) | — |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | — | — | — | US$25,824 | US$37,955 |
| Cost of sales | — | — | — | (US$18,055) | (US$26,207) |
| Exploration and evaluation expense | (US$360) | (US$281) | (US$1,448) | (US$5,576) | (US$7,194) |
| General and administrative | (US$2,905) | (US$2,552) | (US$4,192) | (US$5,721) | (US$6,689) |
| Share-based compensation | (US$717) | (US$905) | US$180 | (US$488) | (US$1,542) |
| Impairments and write-downs | — | US$0 | — | (US$907) | (US$16,540) |
| Net income (loss) | (US$4,292) | (US$5,288) | US$6,534 | (US$18,838) | (US$57,773) |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$2,052) | (US$747) | (US$1,591) | (US$221) | US$2,081 |
| Investing cash flow | (US$7,127) | (US$1,296) | US$1,000 | (US$738) | (US$6,262) |
| Financing cash flow | US$15,007 | US$3,530 | (US$6) | (US$248) | (US$447) |
| Exploration spending (capitalized) | — | US$0 | (US$1,000) | — | — |
| Property, plant and equipment spending | — | — | — | (US$1,765) | (US$7,182) |
| Proceeds from share issues | US$13,119 | US$2,280 | — | — | — |
| Change in cash | US$5,799 | US$671 | (US$777) | (US$2,603) | (US$4,309) |
| Cash at end of period | US$7,161 | US$1,362 | US$691 | US$1,468 | US$4,071 |
Excellon Resources Inc financings
2 financings announced or closed by Excellon Resources Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-05-13 | Excellon Resources Inc (EXN) | Private placement, non-brokered | Announced | $2.1M | $500.00 | Excellon Subsidiary Saxony Silver Announces $2.125 Million Private Placement |
| 2026-03-02 | Excellon Resources Inc (EXN) | LIFE offering, bought deal | Closed, 1 tranche | $22.0M | $0.600 | Excellon Announces Bought Deal Private Placement of Common Shares for Gross Proceeds of C$10 Million |
Excellon Resources Inc debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Excellon Resources Inc has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2024-03-28 | Convertible debenture, amended | — | C$10.41M | 5.75%, matures 2026-08-31 |
| 2023-10-03 | Convertible debenture, amended | Centerra (U.S.) Inc. | C$7.5M | 5.75%, matures 2026-08-31 |
| 2023-09-21 | Convertible debenture, amended | — | C$10.4M | 6.5%, matures 2026-08-31 |
| 2023-08-30 | Convertible debenture, amended | — | US$1M | 5.75% |
| 2023-01-09 | Convertible debenture, amended | — | C$4.5M | matures 2023-07-30 |
| 2020-08-04 | Loan, repaid / settled | Sprott | US$6M | — |
| 2020-07-22 | Loan, repaid / settled | Sprott | US$6M | 5.75% |
| 2015-11-30 | Convertible debenture, closed / funded | — | C$5.61M | 3.75% |