Excellon Sees Improved Silver Grades, Production and Costs; Chinese Palladium Bar Shifts 2.6%

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Excellon Resources Inc. recently announced improved in silver grades, silver production and costs in silver production at its La Platosa mine, located in Durango, Mexico.

Kitco further notes that, “in July and August, the company says production grades rose to approximately 900 grams per ton silver (26 ounces per ton) with August seeing 160,000 ounces in silver production. The company is targeting 2.1 million ounces of silver equivalent production for 2013 with an all-in cash cost of $14.”

On Monday, September 16, the day’s biggest mover was Chinese palladium bar, which saw a 2.6 percent increase. After falling for two days, the price of US palladium bar rose 1.9 percent. Following two days of downward movement, the price of Japanese palladium bar held steady.

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Following a two-day drop, the price of US platinum bar increased by 1.0 percent. The price of Chinese platinum bar finished the market day up 0.3 percent per gram. The price of Japanese platinum bar steadied following two-days of dropping prices.

The price of Indian gold bullion declined 0.6 percent. US gold bullion finished the day up 0.5 percent. The price of Chinese gold bullion rose 0.2 percent after a two-day drop. The price of Japanese gold bullion flattened following two-days of declines.

US silver prices inched up 2.4 percent. Chinese silver saw its price rise 1.0 percent. Indian silver prices saw a 0.3 percent decline. The price of Japanese silver flattened after two days of downward movement.