Title : The difference between the IKN blog and The IKN Weekly
link : The difference between the IKN blog and The IKN Weekly
The difference between the IKN blog and The IKN Weekly
This is what subscribers read about Excellon (EXN.to) on Sunday evening:Excellon Resources (EXN.to) also getting back to workThe trials and tribulations at Excellon Resources (EXN.to) have been quite a thing recently but they do seem to have at least kept their mine open, after all. After workers threatened a second protest and roadblock on Wednesday (19) as they still had not been paid by the company according to the agreement of the previous week, management and unions sat down and in light of the improving silver price worked out a deal. Now 20% of employees will be cut, but the mine stays open (20). Along with using complaints about the high electricity price they pay as an excuse to put the mine on care & maintenance, this was probably the whole strategy to begin with.Time will tell whether cutting 20% of the La Platosa workforce makes the mine and the company profitable and we stress, its issues go a lot deeper. However, traders among you may want to put it on your radar next week. No position and not taking one, here below is what EXN has done against the silver miner’s ETF (SIL) this year.
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You may have noticed EXN did this today. Readers of The IKN Weekly knew why from the bell:
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