TORONTO, Sept. 30, 2020 /CNW/ - Excellon Resources
Inc. (TSX:EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA:
E4X2) ("Excellon" or the "Company") is pleased to announce
the appointment of Paul Keller, P.
Eng. as Chief Operating Officer and Alfred
Colas, CPA, CA as Chief Financial Officer. Mr. Keller
has already joined the Company and Mr. Colas will be joining in
mid-October. Anna Ladd-Kruger
has stepped down to pursue a CFO role with another precious metals
company. Ms. Ladd-Kruger will join the Company's Board of Directors
effective immediately as a non-independent director.
"Paul and Alfred greatly enhance our management depth and
effectiveness," stated Brendan Cahill, President and Chief
Executive Officer. "We expect that their experience, judgment, and
strong operational and financial expertise will deliver value to
the company as we continue to improve operations and advance our
strategic growth objectives in this exciting precious metal bull
market."
Mr. Cahill continued, "I sincerely thank Anna for her
exceptional efforts in the Company's transformation over the past
year. We are truly delighted to have her continue with the Company
as a Board member, where she will continue to provide strategic
guidance and oversight. We wish her the best of luck in her new
role as CFO of McEwen Mining Inc."
Paul Keller is a professional
engineer with over 30 years of industry experience. He is an
experienced mining executive with mine development and operations
experience in North America,
Africa and Latin America. He
was most recently Senior VP Major Projects and COO of Trevali
Mining, a zinc-focused, base metals mining company with four
commercially producing operations
in Africa, Canada and Peru. Mr. Keller led the
development of Trevali's Canadian and Peruvian projects from
permitting through development to operation. He was also
instrumental in business optimization and capital growth projects
at Trevali's African operations. Mr. Keller has expertise building
mines from greenfield through to permitting, design and operating
phases, while developing operational teams. He has been COO of
several junior mining companies and worked in various management
roles at Barrick's Hemlo Mine in operations, engineering and
maintenance after beginning his career with Rio Algom Limited. Mr.
Keller holds a Bachelor of Engineering – Mining from Laurentian University.
Alfred Colas is an experienced
financial executive and was most recently the CFO of Arch
Corporation, a Toronto-based
private-equity investment firm and asset manager. Mr. Colas
joined the founder at start-up and led the establishment of a
subsidiary in the Dubai International Financial Centre, acting as
an investor-facing ambassador for the firm and serving on the local
board of directors. Mr. Colas has over 18 years of
progressive experience in the mining industry, most recently as VP
and CFO of First Nickel, a TSX-listed junior nickel and copper
producer, and Controller of Rainy River Resources, a junior gold
exploration company, where he contributed to the successful raising
of over $130 million in equity.
He also spent 13 years at Barrick, including three years as
the financial head of Barrick's Veladero Mine, where he was a
member of the leadership team that successfully turned around the
operation, which reached over US$1
billion in revenues. Mr. Colas sits on the board of a
housing corporation affiliated with the University of Toronto. He is a Chartered
Professional Accountant and completed a Bachelor of Commerce at the
University of Toronto before starting
his career at Price Waterhouse.
About Excellon
Excellon's vision is to create wealth by realizing strategic
opportunities through discipline and innovation for the benefit of
our employees, communities and shareholders. The Company is
advancing a precious metals growth pipeline that includes: Platosa,
Mexico's highest-grade silver mine
since production commenced in 2005; Kilgore, a high quality gold development
project in Idaho with strong
economics and significant growth and discovery potential; and an
option on Silver City, a high-grade epithermal silver district in
Saxony, Germany with 750 years of
mining history and no modern exploration. The Company also aims to
continue capitalizing on current market conditions by acquiring
undervalued projects.
Additional details on Excellon's properties are available at
www.excellonresources.com.
Forward-Looking Statements
The Toronto Stock Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of the content
of this Press Release, which has been prepared by management. This
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act and Section 27E of the
Exchange Act. Such statements include, without limitation,
statements regarding the future results of operations, performance
and achievements of the Company, including potential property
acquisitions, the timing, content, cost and results of proposed
work programs, the discovery and delineation of mineral
deposits/resources/reserves, geological interpretations, proposed
production rates, potential mineral recovery processes and rates,
business and financing plans, business trends and future operating
revenues. Although the Company believes that such statements are
reasonable, it can give no assurance that such expectations will
prove to be correct. Forward-looking statements are typically
identified by words such as: believe, expect, anticipate, intend,
estimate, postulate and similar expressions, or are those, which,
by their nature, refer to future events. The Company cautions
investors that any forward-looking statements by the Company are
not guarantees of future results or performance, and that actual
results may differ materially from those in forward looking
statements as a result of various factors, including, but not
limited to, variations in the nature, quality and quantity of any
mineral deposits that may be located, significant downward
variations in the market price of any minerals produced, the
Company's inability to obtain any necessary permits, consents or
authorizations required for its activities, to produce minerals
from its properties successfully or profitably, to continue its
projected growth, to raise the necessary capital or to be fully
able to implement its business strategies. All of the Company's
public disclosure filings may be accessed via
www.sedar.com and readers are urged to review these materials,
including the technical reports filed with respect to the Company's
mineral properties, and particularly the September 7, 2018 NI 43-101 technical report
prepared by SRK Consulting (Canada) Inc. with respect to the Platosa
Property. This press release is not, and is not to be construed in
any way as, an offer to buy or sell securities in the United States.
SOURCE Excellon Resources Inc.