Excellon Resources Inc., a prominent player in the metals and mining sector, has recently made headlines with its strategic developments in Mexico. As a company specializing in the extraction of silver, lead, and zinc, Excellon has been focusing on enhancing its operational capabilities and exploring new opportunities within its existing assets.
On February 5, 2026, Excellon announced the re-initiation of mining operations at the Mallay deposit. This move marks a significant step in the company’s efforts to capitalize on its resources and optimize production. The reactivation of the Mallay deposit is particularly noteworthy as it underscores Excellon’s commitment to revitalizing its mining activities and leveraging its existing infrastructure.
In addition to the resumption of operations at Mallay, Excellon has placed a strategic emphasis on the “Footwall Zone” within the deposit. This zone is believed to hold substantial upside potential, and the company’s focus on this area suggests a promising avenue for future growth and increased resource extraction. By targeting the Footwall Zone, Excellon aims to enhance its production output and potentially unlock new value from its existing assets.
Financially, Excellon’s stock performance has been a topic of interest. As of February 8, 2026, the company’s shares closed at CAD 0.57 on the TSX Venture Exchange. This price point is notably below the 52-week high of CAD 0.74, achieved on January 25, 2026, but still above the 52-week low of CAD 0.09, recorded on February 11, 2025. The stock’s current valuation reflects a price-to-earnings ratio of -16, indicative of negative earnings. Despite this, the price-to-book ratio stands at 4.74, suggesting that the market values the company at approximately five times its book value.
With a market capitalization of CAD 203,787,216, Excellon Resources Inc. continues to navigate the challenges and opportunities within the metals and mining industry. The company’s strategic initiatives, particularly the re-initiation of mining operations at Mallay and the focus on the Footwall Zone, highlight its proactive approach to resource management and growth. As Excellon moves forward, stakeholders will be keenly observing its progress and the potential impact of these developments on its financial performance and market position.
