NetworkNewsBreaks – Excellon Resources Inc. (TSX
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Posted On: 07/01/2021 4:05:01 PM
NetworkNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Positioned Amid Silver’s Rising Demand/Declining Supply
Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) is a silver and base metals producer with precious metal projects located in Mexico, Idaho and Germany. According to a recent article, “The World Silver Survey has forecast a rise in total silver demand in 2021 of 15% to 1.03 billion ounces, with industrial demand set to rebound by 8% year-over-year. However, the rosy demand outlook contrasts against the commodity’s rapidly declining supply profile. In 2020, global mine production registered its fourth consecutive annual decline, with silver output declining by 5.9% to 784.4 million ounces.” The piece further clarifies that the supply shortage was primarily driven by reduced production from primary silver mines, and the ongoing reduction in global output has resulted in increased urgency for supply. “Excellon Resources has been a key driver of the movement, currently working towards developing a precious metals growth pipeline across a diverse range of geographies… A dearth of new silver deposit discoveries, coupled with resurgent industrial and physical investment demand, may eventually lead to a production squeeze for the precious metal. Should that eventuality come to fruition, Excellon Resources looks well positioned to capitalize on it.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) is a silver and base metals producer with precious metal projects located in Mexico, Idaho and Germany. According to a recent article, “The World Silver Survey has forecast a rise in total silver demand in 2021 of 15% to 1.03 billion ounces, with industrial demand set to rebound by 8% year-over-year. However, the rosy demand outlook contrasts against the commodity’s rapidly declining supply profile. In 2020, global mine production registered its fourth consecutive annual decline, with silver output declining by 5.9% to 784.4 million ounces.” The piece further clarifies that the supply shortage was primarily driven by reduced production from primary silver mines, and the ongoing reduction in global output has resulted in increased urgency for supply. “Excellon Resources has been a key driver of the movement, currently working towards developing a precious metals growth pipeline across a diverse range of geographies… A dearth of new silver deposit discoveries, coupled with resurgent industrial and physical investment demand, may eventually lead to a production squeeze for the precious metal. Should that eventuality come to fruition, Excellon Resources looks well positioned to capitalize on it.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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