These include the effect the polar vortex in February last year, entering a steeper area of the deposit, dewatering issues, increased consumables prices and legislative changes, Excellon said at the time.
Unionized workers walked off the job in March after collective bargaining talks broke down, deepening the mine’s issues.
Relations between the company and the mine, its union and locals have soured at times, with Excellon having to declare force majeure in 2012 due to a sustained illegal blockade. The impact of the strike, triggered the exit of the company’s financial officer.
Excellon still plans to conduct exploration around the mine later this year, chief executive officer Brendan Cahill said delivering first quarter results on Monday.
The company is also actively pursuing acquisition opportunities for producing and development stage assets in Mexico, Cahill noted.
Revenue down
The Toronto-based miner reported a loss of…
