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Mining Silver in Mexico and Germany with Brendan Cahill
Description
In this episode, we chat to Brendan Cahill, President & CEO of Excellon Resources who is a TSX listed Canadian mining company that is in full production with their 100% owned Platosa Mine in Durango in Mexico. It has been Mexico’s highest-grade silver mine since production commenced in 2005
Brendan has a background in law with a proven track record within the mining industry and talks about the fortunes of Excellon Resources and their Silver City project in Saxony, Germany which has a long history that many know.
KEY TAKEAWAYS
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Excellon Resources has two projects in Mexico. Platosa Mine in Durango and a milling operation.
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In 2019, they optioned a project (Silver City) in Saxony Germany, which is a big focus of their exploration.
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In 2020, they acquired Otis Gold that has two projects – Kilgore and Oakley, as a way of diversifying their portfolio.
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The Kilgore project is open-pit with a low strip recovery ratio, only 1.1 to 1.
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Kilgore is a growth project. The plan is to explore deeper and go underground there.
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Coming out of the bear market many gold companies were undervalued, which is why they bought.
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Historic miners in Saxony mostly only mined near the surface. There is huge potential, a little deeper.
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Germany is now a good jurisdiction for miners. The government wants reliable access to the raw metals the country´s industries need.
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Shipping metals over long distances is not environmentally sustainable and politics mean it is not necessarily a stable option.
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The Chinese are stopping bitcoin mining and buying gold mines everywhere.
BEST MOMENTS"
"Kilgore has about a million ounces of gold. $300 million NPV at $1,800".
"Coming into 2020… diversification… multi precious metals was a very effective strategy".
"We in the Western world are losing access to raw materials".
"The Chinese are stopping Bitcoin mining and yet continue to try to buy gold mines globally".
EPISODE RESOURCES
Website: http://www.excellonresources.com/
LinkedIn: https://ca.linkedin.com/company/excellon-resources
Twitter: https://twitter.com/EXN_Resources
Email: info@excellonresources.com
Email: rob@mining-international.org
Website: https://www.mining-international.org/
LinkedIn: https://www.linkedin.com/in/rob-tyson/
Twitter: https://twitter.com/MiningRobTyson
Facebook: https://www.facebook.com/DigDeepTheMiningPodcast/
Instagram: https://www.instagram.com/theminingpodcast/
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast/videos
ABOUT THE HOST
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.