Excellon Resources (EXNRF) 6-K 30 Jul 21 2021 Q2 Current report (foreign) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2021
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	001-39491
Entity Registrant Name	EXCELLON RESOURCES INC
Entity Central Index Key	0001263011
Entity Address, Address Line One	10 KING STREET EAST
Entity Address, Address Line Two	SUITE 200 TORONTO
Entity Address, City or Town	ONTARIO
Entity Address, Postal Zip Code	M5C 1C3

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Thousands		Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents		$ 5,476	$ 8,380
Marketable securities and warrants		1,610	2,350
Trade receivables		1,765	1,782
VAT recoverable		4,473	5,573
Inventories		3,065	2,375
Other current assets		2,374	1,333
Total current assets		18,763	21,793
Non-current assets
Property, plant and equipment		26,744	25,830
Mineral rights		20,436	20,511
Deferred income tax assets		5,183	5,145
Total assets	[1]	71,126	73,279
Current liabilities
Trade and other payables		9,615	8,172
VAT payable		2,265	3,415
Current portion of long-term lease liabilities		315	405
Total current liabilities		12,195	11,992
Non-current liabilities
Convertible debentures		8,429	7,283
Long-term lease liabilities		333	425
Provisions		2,257	2,208
Deferred income tax liabilities		864	929
Total liabilities	[1]	24,078	22,837
Equity
Share capital		137,484	136,199
Contributed surplus		34,621	34,015
Accumulated other comprehensive loss		(15,198)	(15,380)
Deficit		(109,859)	(104,392)
Total equity		47,048	50,442
Total liabilities and equity		$ 71,126	$ 73,279
[1]	Certain comparative period balances related to deferred income tax and foreign exchange impacts have been reallocated to conform with the current interim period allocation. As a result, total assets for Mexico and Corporate as at December 31, 2020, previously reported as $63,062 and $10,217, were revised to $40,897 and $32,382, respectively.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Profit or loss [abstract]
Revenues	$ 9,717	$ 687	$ 19,498	$ 6,248
Production costs	(5,814)	(2,641)	(11,967)	(8,120)
Depletion and amortization	(1,773)	(666)	(3,563)	(1,935)
Cost of Sales	(7,587)	(3,307)	(15,530)	(10,055)
Gross Profit (Loss)	2,130	(2,620)	3,968	(3,807)
Administrative expenses	(1,151)	(1,155)	(2,595)	(2,088)
Share-based payments	(362)	(1,137)	(1,127)	(1,286)
Amortization	(127)	(53)	(261)	(134)
General and administrative expenses	(1,640)	(2,345)	(3,983)	(3,508)
Exploration	(1,800)	(258)	(2,873)	(631)
Other (expense) income	(188)	1,172	(837)	567
Finance (expense) income	(1,025)	554	(1,750)	(1,537)
Loss before income taxes	(2,523)	(3,497)	(5,475)	(8,916)
Income tax (expense) recovery	(22)	97	8	(855)
Net Loss	(2,545)	(3,400)	(5,467)	(9,771)
Items that may be reclassified subsequently to profit and loss:
Foreign currency translation differences	1,156	615	182	(6,645)
Total other comprehensive income (loss)	1,156	615	182	(6,645)
Total comprehensive loss	$ (1,389)	$ (2,785)	$ (5,285)	$ (16,416)
Loss per share
Basic and diluted	$ (0.08)	$ (0.12)	$ (0.17)	$ (0.38)
Weighted average number of shares
Basic and diluted	32,400,248	29,029,959	32,385,771	25,788,853

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Cash flow generated by (used in) Operating activities
Net loss for the period	$ (2,545)	$ (3,400)	$ (5,467)	$ (9,771)
Adjustments for non-cash items:
Depletion and amortization	1,900	686	3,824	2,009
Income tax expense (recovery)	22	(6)	(8)	839
Share-based compensation	362	1,005	1,127	1,141
Interest and accretion expense	1,029	192	1,768	447
Unrealized (gain) loss on currency hedges		(818)	21	1,019
Loss on disposal of mineral rights				188
Unrealized loss (gain) on marketable securities and purchase warrants	262	(1,702)	805	(1,683)
Discount on shares issued to settle payables		74		74
Taxes paid	(71)	(69)	(169)	(148)
Operating cash flows before changes in working capital	959	(4,038)	1,901	(5,885)
Changes in non-cash working capital
Trade receivables	(538)	664	(10)	2,278
VAT recoverable	535	(683)	1,127	(679)
Inventories	(55)	(582)	(652)	(348)
Other assets	(952)	453	(1,122)	373
Trade and other payables	2,469	2,046	556	2,130
VAT payable	(948)	250	(1,155)	345
Net cash generated by (used in) operating activities	1,470	(1,890)	645	(1,786)
Investing activities
Purchase of property, plant and equipment	(2,630)	(611)	(3,514)	(3,642)
Purchase of mineral rights			(75)
Transaction costs paid on acquisition of Otis Gold Corp.		(1,723)		(1,723)
Payments received under earn-in agreement			75
Loan to Otis Gold Corp., net of cash received on acquisition		51		(304)
Net cash used in investing activities	(2,630)	(2,283)	(3,514)	(5,669)
Financing activities
Proceeds from Credit Facility				5,871
Proceeds from options and warrants exercised	18	124	36	124
Lease payments	(88)	(17)	(211)	(99)
Interest paid	(11)	(275)	(26)	(283)
Net cash (used in) from financing activities	(81)	(168)	(201)	5,613
Effect of exchange rate changes on cash and cash equivalents	216	(466)	166	(867)
Change in cash and cash equivalents	(1,025)	(4,807)	(2,904)	(2,709)
Cash and cash equivalents - Beginning of the period	6,501	8,442	8,380	6,344
Cash and cash equivalents - End of the period	$ 5,476	$ 3,635	$ 5,476	$ 3,635

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands		Issued capital [member]	Share premium [member]	Other reserves [member]	Retained earnings [member]	Total
Balance at Dec. 31, 2019		$ 114,840	$ 28,730	$ (13,006)	$ (88,372)	$ 42,192
Net loss for the period					(9,771)	(9,771)
Total other comprehensive income				(6,645)		(6,645)
Total comprehensive income (loss)				(6,645)	(9,771)	(16,416)
Acquisition of Otis Gold Corp.		16,370	594			16,964
Shares issued as part of Credit Facility		180				180
Shares issued to settle payables		1,213				1,213
Share options, Value of services recognized and shares issued		116	180			296
Share options, Proceeds on issuing shares
Deferred and restricted share units: Value of units recognized		1,092	(128)			964
Warrants: Proceeds on issuing shares		8	(2)			6
Balance at Jun. 30, 2020		133,819	29,374	(19,651)	(98,143)	45,399
Balance at Dec. 31, 2019		114,840	28,730	(13,006)	(88,372)	42,192
Shares issued to settle payables	[1]					1,738
Convertible Debentures, Interest payable settled with shares	[2]					588
Balance at Dec. 31, 2020		136,199	34,015	(15,380)	(104,392)	50,442
Net loss for the period					(5,467)	(5,467)
Total other comprehensive income				182		182
Total comprehensive income (loss)				182	(5,467)	(5,285)
Share options, Value of services recognized and shares issued			346			346
Share options, Proceeds on issuing shares		54	(18)			36
Deferred and restricted share units: Value of units recognized			782			782
Deferred and restricted share units: Shares issued on exercise of RSUs and DSUs		504	(504)
Convertible Debentures, Interest payable settled with shares		727				727
Balance at Jun. 30, 2021		$ 137,484	$ 34,621	$ (15,198)	$ (109,859)	$ 47,048
[1]	During the second and third quarters of 2020, the Company issued 670,974 2,098 196 261
[2]	The Company elected to pay the December 31, 2020 and June 30, 2021 interest payments on the Debentures (Note 9) in common shares valued at C$ 754 588 888 727

GENERAL INFORMATION

GENERAL INFORMATION	6 Months Ended
	Jun. 30, 2021
Disclosure of reserves within equity [abstract]
GENERAL INFORMATION	1. GENERAL INFORMATION Excellon Resources Inc. (the “Company” or “Excellon”) is a silver mining and exploration company listed on the Toronto Stock Exchange (the “TSX”) and NYSE American, LLC exchange (the “NYSE American”) under the symbol EXN and the Frankfurt Stock Exchange under the symbol E4X2. Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of 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 advanced exploration gold project in Idaho; 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. On April 2, 2020, the Company announced a temporary suspension of mining, milling and exploration activities at its Mexican operations in accordance with the Mexican Presidential Order to mitigate the spread of COVID-19. The Mexican Government subsequently declared mining an essential service, and companies were allowed to commence activities to restart operations on June 1, 2020, provided they met the COVID-19 guidelines established by the Mexican Government. The Company recommenced mining and exploration activities in June 2020 and concentrate shipments resumed on July 6, 2020. On April 22, 2020, the Company completed the acquisition of Otis Gold Corp. (“Otis”) by way of a statutory plan of arrangement resulting in Otis becoming a wholly-owned subsidiary of Excellon. In September 2020, the Company completed a consolidation of its common shares at a ratio of five pre-consolidation common shares for one post-consolidation common share effective September 10, 2020, and the listing of its common shares on the NYSE American, LLC exchange effective September 23, 2020. As a result of the consolidation, shares issuable pursuant to the Company’s outstanding options, warrants, restricted share units and other convertible securities were proportionally adjusted on the same basis. All common share numbers, numbers of shares issuable under stock options, warrants and restricted share units and related per share amounts in these consolidated condensed financial statements have been retrospectively adjusted to reflect the share consolidation. Excellon is domiciled in Canada and incorporated under the laws of the province of Ontario. The address of its registered office is 10 King Street East, Suite 200, Toronto, Ontario, M5C 1C3, Canada. These condensed consolidated financial statements were approved by the Board of Directors on July 29, 2021.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2021
Disclosure of associates [abstract]
BASIS OF PRESENTATION	2. BASIS OF PRESENTATION a) Statement of compliance and going concern The Company prepares its condensed consolidated financial statements in accordance with International Accounting Standard 34, Interim Financial Reporting Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three and six months ended June 30, 2021 and 2020 (in thousands of U.S. dollars, except share and per share data) These condensed consolidated financial statements are prepared on a going concern basis, which assumes that the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business. The Company applies judgment in assessing the future impact of COVID-19 on its business and operations, future commodity prices, and continued access to debt and/or equity financing. Management anticipates that the Company will have sufficient cash resources to fund the next 12 months of planned expenditures and discharge its liabilities in the normal course of operations. b) Summary of significant accounting policies, judgments, and estimates These condensed consolidated financial statements have been prepared using the same accounting policies, methods of computation, judgments and estimates as the annual consolidated financial statements of the Company as at and for the year ended December 31, 2020. Certain items in the statement of cash flow have been reclassified to conform with the current interim period classification.

MARKETABLE SECURITIES AND WARRA

MARKETABLE SECURITIES AND WARRANTS	6 Months Ended
	Jun. 30, 2021
Marketable Securities And Warrants
MARKETABLE SECURITIES AND WARRANTS	3. MARKETABLE SECURITIES AND WARRANTS In 2018, the Company entered into an option agreement to farm-out its Beschefer property to Wallbridge Mining Company Ltd. (“Wallbridge”), receiving an initial consideration of 500,000 3,000,000 500,000 1.00 five years The Wallbridge Shares and Warrants are measured at fair value with changes recorded in other income/expense. SCHEDULE OF FAIR VALUE OF MARKETABLE SECURITIES AND WARRANTS June 30 December 31 2021 2020 $ $ Marketable securities at fair value Opening balance 2,138 348 Additions - 995 Unrealized (loss) gain on revaluation (699 ) 645 Exchange differences 59 150 Closing balance 1,498 2,138 Warrants at fair value Opening balance 212 - Additions - 128 Unrealized (loss) gain on revaluation (106 ) 67 Exchange differences 6 17 Closing balance 112 212 Marketable securities and warrants 1,610 2,350

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2021
Disclosure Of Inventories Abstract
INVENTORIES	4. INVENTORIES SCHEDULE OF INVENTORIES June 30 December 31 2021 2020 $ $ Ore stockpiles (1) 437 453 Concentrate inventory (1) 436 4 Production spare parts 2,687 2,441 Obsolescence provision - spare parts (495 ) (523 ) Inventories 3,065 2,375 (1) Change in inventories included in cost of sales (Note 13.a) excludes balance sheet driven currency translation adjustment of $11 for the six months ended June 30, 2021.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
PROPERTY, PLANT AND EQUIPMENT	5. PROPERTY, PLANT AND EQUIPMENT SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT Assets Right Mining Mining Processing under of use properties equipment equipment construction assets Total $ $ $ $ $ $ At January 1, 2020 Cost 31,774 16,887 6,160 5,071 1,646 61,538 Accumulated amortization (20,198 ) (11,267 ) (5,036 ) - (219 ) (36,720 ) Opening net book value 11,576 5,620 1,124 5,071 1,427 24,818 Year ended December 31, 2020 Opening net book value 11,576 5,620 1,124 5,071 1,427 24,818 Additions 1,416 1,873 673 3,658 48 7,668 Reclassification 4,046 3,333 - (7,325 ) (54 ) - Depletion and amortization (2,191 ) (2,101 ) (298 ) - (202 ) (4,792 ) Exchange differences (2) (377 ) 164 (503 ) (882 ) (266 ) (1,864 ) Closing net book value 14,470 8,889 996 522 953 25,830 At December 31, 2020 Cost 36,400 21,576 6,075 522 1,640 66,213 Accumulated amortization (21,930 ) (12,687 ) (5,079 ) - (687 ) (40,383 ) Opening net book value 14,470 8,889 996 522 953 25,830 Cost 36,400 21,576 6,075 522 1,640 66,213 Accumulated amortization (21,930 ) (12,687 ) (5,079 ) - (687 ) (40,383 ) Period ended June 30, 2021 Opening net book value 14,470 8,889 996 522 953 25,830 Additions (1) 2,020 207 207 1,952 13 4,399 Reclassification 574 207 18 (799 ) - - Depletion and amortization (2,074 ) (1,384 ) (131 ) - (122 ) (3,711 ) Exchange differences (2) 125 51 8 25 17 226 Closing net book value 15,115 7,970 1,098 1,700 861 26,744 At June 30, 2021 Cost 39,476 22,187 6,348 1,700 1,671 71,382 Accumulated amortization (24,361 ) (14,217 ) (5,250 ) - (810 ) (44,638 ) Closing net book value 15,115 7,970 1,098 1,700 861 26,744 (1) During the six months ended June 30, 2021, the Company incurred $ 1,952 2,707 . (2) Unrealized foreign exchange losses on translation of Mexican peso assets at the period-end exchange rate.

MINERAL RIGHTS

MINERAL RIGHTS	6 Months Ended
	Jun. 30, 2021
Mineral Rights
MINERAL RIGHTS	6. MINERAL RIGHTS SCHEDULE OF MINERAL RIGHTS Platosa Beschefer Silver City (1) Kilgore (2) Oakley (3) Platosa Beschefer Silver City Kilgore Oakley (Mexico) (Canada) (Germany) (1) (Idaho) (2) (Idaho) (3) Total $ $ $ $ $ $ At January 1, 2020 Cost 3,785 1,428 245 - - 5,458 Accumulated amortization (2,782 ) - - - - (2,782 ) Opening net book value 1,003 1,428 245 - - 2,676 Year ended December 31, 2020 Opening net book value 1,003 1,428 245 - - 2,676 Acquisitions - - 317 13,711 5,332 19,360 Additions - - - 45 32 77 Payments received under earn-in agreement Disposals - (1,348 ) - - - (1,348 ) Depletion and amortization (178 ) - - (178 ) Exchange differences (21 ) (80 ) 25 - - (76 ) Closing net book value 804 - 587 13,756 5,364 20,511 At December 31, 2020 Cost 3,721 - 587 13,756 5,364 23,428 Accumulated amortization (2,917 ) - - - - (2,917 ) Opening net book value 804 - 587 13,756 5,364 20,511 Period ended June 30, 2021 Opening net book value 804 - 587 13,756 5,364 20,511 Additions - - 75 - - 75 Payments received under earn-in agreement - - - - (75 ) (75 ) Depletion and amortization (113 ) - - - - (113 ) Exchange differences 18 - 20 - - 38 Closing net book value 709 - 682 13,756 5,289 20,436 At June 30, 2021 Cost 3,796 - 682 13,756 5,289 23,523 Accumulated amortization (3,087 ) - - - - (3,087 ) Closing net book value 709 - 682 13,756 5,289 20,436 (1) On September 24, 2019 the Company signed an option agreement (the “Globex Agreement”) with Globex Mining Enterprises Inc. (“Globex”) to acquire a 100% 500 1,600 3% 2.5% reduced by 1% upon a payment of $1,500 Additional one-time payments of C$300 and C$700 will be made by the Company following any future announcement of a maiden resource on the property and upon achievement of commercial production from the project, respectively. 45,367 225 100 245 65,657 325 100 317 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three and six months ended June 30, 2021 and 2020 (in thousands of U.S. dollars, except share and per share data) In March 2021, the Frauenstein, Mohorn and Oederan exploration licenses were granted to the Company following applications to the Sächsisches Oberbergamt (Saxon Mining Authority), increasing the Silver City ground position by 17,600 hectares. (2) On April 22, 2020, the Company acquired the Kilgore Gold Project as part of the Otis acquisition. The Company has a 100% (3) On April 22, 2020, the Company acquired 100% ■ Blue Hill Creek (“BHC”) – 44 unpatented federal lode mining claims and an adjacent 80 acre Idaho state lease, subject to a 2% net smelter returns (“NSR”) royalty on gold. ■ Matrix Creek – 61 unpatented federal lode mining claims and a 320 acre mineral lease, subject to a 2% NSR on gold. The NSRs at BHC and Matrix Creek can be purchased for a total of $2,000. ■ Cold Creek – 117 unpatented federal lode mining claims. On February 26, 2020, Otis entered into a definitive option agreement with Centerra Gold Inc. (“Centerra”) whereby Centerra can earn up to a 70% interest in the Oakley Project in exchange for total exploration expenditures of $ 7,000 550 In Q1 2021, the Company received a payment of $ 75

TRADE AND OTHER PAYABLES

TRADE AND OTHER PAYABLES	6 Months Ended
	Jun. 30, 2021
Trade And Other Payables
TRADE AND OTHER PAYABLES	7. TRADE AND OTHER PAYABLES The Company’s trade payables comprise accounts payable and accruals as at June 30, 2021. Accounts payable make up $ 5,228 9,615 4,252 8,172 3,423 2,429 4,387 3,920 1,124 173

PROVISIONS

PROVISIONS	6 Months Ended
	Jun. 30, 2021
Provisions [abstract]
PROVISIONS	8. PROVISIONS SCHEDULE OF PROVISIONS benefits (1) provision (2) Total Post-retirement Rehabilitation benefits (1) provision (2) Total $ $ $ Year ended December 31, 2020 Opening balance 617 1,626 2,243 Termination payments (113 ) - (113 ) Change in estimate 233 - 233 Accretion for the period 40 61 101 Exchange differences (125 ) (131 ) (256 ) Closing Balance 652 1,556 2,208 Period ended June 30, 2021 Opening balance 652 1,556 2,208 Termination payments (35 ) - (35 ) Change in estimate - (78 ) (78 ) Accretion for the period 109 36 145 Exchange differences 6 11 17 Closing Balance 732 1,525 2,257 (1) Post-retirement benefits: The Company provides post-retirement benefits supplements as well as leaving indemnities to employees at the Mexican operations. Under Mexican labour law, the Company provides statutorily mandated severance benefits to its employees terminated under certain circumstances. Key financial assumptions used in the above estimate include an annual discount rate of 4.86% 4.86% 3.75% 3.75% 5.31% 5.31% four years (2) Rehabilitation provision: Key financial assumptions used in the above estimate include an annual discount rate of 5.94% 4.73% four years 1,866 889 977

CONVERTIBLE DEBENTURES

CONVERTIBLE DEBENTURES	6 Months Ended
	Jun. 30, 2021
Convertible Debentures
CONVERTIBLE DEBENTURES	9. CONVERTIBLE DEBENTURES On July 30, 2020, the Company closed a private placement (the “Financing”) of secured convertible debentures (the “Debentures”) for total proceeds of C$ 17.91 The Debentures have a term of 36 months 5.30 5.75% 10% Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three and six months ended June 30, 2021 and 2020 (in thousands of U.S. dollars, except share and per share data) On or after July 30, 2022 and prior to maturity, the Company may accelerate the conversion of the entire issuance of Debentures, provided that the 20-day VWAP of the common shares on or after such 24-month anniversary is equal to or greater than C$ 12.50 The purchasers of the Debentures were also issued 1,006,542 5.75 July 30, 2023 136,887 Net proceeds from the Debentures were C$ 17.1 12.8 768 572 8,459 6,298 6,382 4,751 2,301 1,713 The debt component is recorded at amortized cost and is accreted to the principal amount over the term of the Debentures. The Company elected to pay the December 31, 2020 and June 30, 2021 interest payments in common shares valued at C$ 754 588 888 727 2,027 1,632 SUMMARY OF DEBT COMPONENT $ CAD $ USD Year ended December 31, 2020 Opening balance - - Proceeds on issuance of Debenture 17,910 13,334 Transaction costs paid (768 ) (572 ) Portion allocated to equity - conversion option and other features (8,683 ) (6,464 ) Interest expense 1,594 1,222 Value of shares issued to settle interest payable (754 ) (588 ) Exchange differences - 351 Closing balance 9,299 7,283 Period ended June 30, 2021 Opening balance 9,299 7,283 Interest expense 2,027 1,632 Value of shares issued to settle interest payable (888 ) (727 ) Exchange differences - 241 Closing balance 10,438 8,429

SHARE CAPITAL

SHARE CAPITAL	6 Months Ended
	Jun. 30, 2021
Disclosure of classes of share capital [abstract]
SHARE CAPITAL	10. SHARE CAPITAL The Company’s authorized share capital consists of an unlimited number of common shares. SCHEDULE OF AUTHORIZED SHARE CAPITAL Number of shares (000’s) $ Year ended December 31, 2020 Opening balance 22,491 114,840 Shares issued on exercise of stock options 261 602 Shares issued on exercise of RSUs and DSUs 382 1,627 Shares issued on exercise of warrants 2 8 Shares issued on acquisition of Otis Gold Corp (1) 8,131 16,370 Shares issued as part of Credit Facility (2) 107 180 Shares issued to settle payables (3) 671 1,738 Value of shares issued in asset acquisition (4) 66 246 Shares issued to settle interest on convertible debentures (5) 228 588 Balance at December 31, 2020 32,339 136,199 Period ended June 30, 2021 Opening balance 32,339 136,199 Shares issued on exercise of stock options 15 55 Shares issued on exercise of RSUs and DSUs 123 503 Shares issued to settle interest on convertible debentures (5) 286 727 Balance at June 30, 2021 32,763 137,484 (1) On April 22, 2020, the Company completed the acquisition of Otis. Otis shareholders received 0.046 8,130,630 2.85 (2) On March 16, 2020, the Company closed a $ 6,000 10 107,291 (3) During the second and third quarters of 2020, the Company issued 670,974 2,098 196 261 (4) On September 21, 2020 and in accordance with the Globex Agreement, the second issuance of 65,657 325 100 (5) The Company elected to pay the December 31, 2020 and June 30, 2021 interest payments on the Debentures (Note 9) in common shares valued at C$ 754 588 888 727 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three and six months ended June 30, 2021 and 2020 (in thousands of U.S. dollars, except share and per share data) The outstanding number and weighted average exercise prices of equity-settled Stock Options, Warrants, Deferred Share Units (“DSUs”) and Restricted Share Units (“RSUs”) are as follows: SCHEDULE OF OUTSTANDING NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES Options Warrants Options Outstanding Weighted Average Exercise Price (CAD) Warrants Outstanding (2) Weighted Average Exercise Price (CAD) RSUs Outstanding DSUs Outstanding Outstanding at January 1, 2020 461,000 5.59 1,092,500 7.00 572,485 467,572 Granted/issued/acquired (1) 1,002,395 3.34 1,448,488 5.23 337,331 217,264 Exercised/settled (260,596 ) 1.93 (2,400 ) 3.45 (224,750 ) (193,507 ) Expired (332,359 ) 5.20 - - (91,332 ) - Forfeited (23,004 ) 4.26 - - (128,223 ) - Outstanding at December 31, 2020 847,437 4.21 2,538,588 6.00 465,511 491,330 Exercisable at December 31, 2020 548,009 4.52 2,538,588 6.00 - 98,417 Outstanding at January 1, 2021 847,437 4.21 2,538,588 6.00 465,511 491,330 Granted/issued 212,500 4.14 - - 419,405 129,749 Exercised/settled (15,000 ) 3.05 - - (41,117 ) (86,904 ) Expired (5,000 ) 8.75 - - - - Forfeited (10,000 ) 3.87 - - - - Outstanding at June 30, 2021 1,029,937 4.20 2,538,588 6.00 843,799 534,175 Exercisable at June 30, 2021 752,644 4.33 2,538,588 6.00 - 98,417 (1) On April 22, 2020, the Company issued 531,895 305,060 130,365 July 22, 2020 (2) The Company has the following warrants outstanding: ● 1,092,400 August 27, 2021 ● 302,760 March 29, 2022 ● 1,143,428 July 30, 2023 Options outstanding and exercisable are as follows: SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE Exercise Price Range (CAD) Stock Options Outstanding Weighted Average Remaining Contractual Life (years) Stock Options Exercisable Weighted Average $ 2.00 3.99 484,987 1.93 380,237 3.11 $ 4.00 5.99 448,950 2.86 276,407 4.61 $ 6.00 7.99 15,000 0.91 15,000 7.63 $ 8.00 9.99 81,000 1.12 81,000 8.52 1,029,937 2.26 752,644 4.33 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three and six months ended June 30, 2021 and 2020 (in thousands of U.S. dollars, except share and per share data) Compensation expense is recognized over the vesting period of the grant with the corresponding equity impact recorded in contributed surplus. Share-based compensation expense comprises the following: SCHEDULE OF SHARE BASED COMPENSATION EXPENSE Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Stock options 143 207 345 240 RSU 145 543 287 581 DSU 74 387 495 465 362 1,137 1,127 1,286

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
Disclosure of contingent liabilities [abstract]
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES The following table summarizes the Company’s significant unrecognized commitments as of June 30, 2021: SUMMARY OF SIGNIFICANT UNRECOGNIZED COMMITMENTS Less than one year 1 - 3 years 4 - 5 years After 5 years (1) Total $ $ $ $ $ Concession and annual mineral claim fees 414 1,365 1,518 - 3,297 Exploration Licenses - Silver City (to be paid in Shares) 341 501 - - 842 Exploration Licenses - Silver City (to be paid in cash) 80 160 - - 240 835 2,026 1,518 - 4,379 (1) Concession and claim fees continue until the relinquishment or expiration of the applicable concessions or claims. Excluded above is an NSR royalty on the Platosa Mine as such payments vary period to period based on production results and commodity prices. The NSR bears a rate of either (a) 1.25% in respect of manto or mineralization other than skarn mineralization or (b) 0.50% in respect of skarn or “Source” mineralization. Legal contingencies The Company is defending various legal claims including one against a subsidiary of the Company which is party to an action by a claimant in respect of damages under a property agreement regarding the La Antigua mineral concession (“La Antigua”), a non-material mineral concession within the Evolución Project. La Antigua is subject to an exploration and exploitation agreement with a purchase option (the “Antigua Agreement”) dated December 3, 2006 between San Pedro Resources SA de CV (“San Pedro”, now a subsidiary of Excellon) and the owner (the “Plaintiff”) that provides, among other things, for a minimum payment of $ 2.5 3 500 The Plaintiff was awarded damages of $700 in the court of first instance in Torreón, Coahuila. Both San Pedro and the Plaintiff appealed the decision to the Second District State Court in the Judicial District of Torreón. That Court confirmed the initial decision but, subsequently, pursuant to an order obtained by the Plaintiff, granted the Plaintiff an award of damages of $23,000, which in the view of management is multiple times greater than any income the applicable NSR royalty could produce even in the event of commercial production. , however, upon receipt of the written decision, the Company will evaluate various additional alternatives regarding the matter. Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three and six months ended June 30, 2021 and 2020 (in thousands of U.S. dollars, except share and per share data) The Company has accrued an amount of $ 140 142

REVENUES

REVENUES	6 Months Ended
	Jun. 30, 2021
Revenue [abstract]
REVENUES	12. REVENUES Under the terms of the Company’s concentrate sales contracts, lead–silver and zinc–silver concentrates are sold on a provisional pricing basis whereby sales are recognized at prevailing metal prices when the revenue recognition criteria have been met, namely when title and the risks and rewards of ownership have transferred to the customer. Final pricing of each delivery is not determined until one to three months post-delivery. The price recorded at the time of sale may differ from the actual final price received from the customer due to changes in market prices for metals. The price volatility is considered an embedded derivative in accounts receivable. The embedded derivative is recorded at fair value by mark-to-market adjustments at each reporting period until settlement occurs, with the changes in fair value recorded in revenues. The Company recognized the following amounts related to revenue: SCHEDULE OF RECOGNIZED AMOUNTS RELATED TO REVENUE 2021 2020 2021 2020 Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Concentrate revenues from contracts with customers 9,440 939 19,284 6,530 Provisional pricing adjustments on concentrate sales (1) 277 (252 ) 214 (778 ) Revenues from toll milling services - - - 496 Total revenues 9,717 687 19,498 6,248 (1) Refer to Note 18 of the Q1 2021 Condensed Consolidated Financial Statements. The 2020 quarterly information was revised for the reclassification of foreign exchange differences on provisionally priced sales. The revisions for the three and six months ended June 30, 2020 are $ 204 1,258 The following table sets out the disaggregation of revenue by metal and form of sale: SCHEDULE OF DISAGGREGATION OF REVENUE Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Concentrate revenues: Silver 6,083 401 12,682 3,350 Lead 1,429 137 2,737 1,100 Zinc 2,205 149 4,079 1,302 Revenues from toll milling services - - - 496 Total revenues 9,717 687 19,498 6,248 The Company has offtake agreements with Trafigura Mexico, S.A. de C.V. (“Trafigura”), a subsidiary within the Trafigura group of companies. Due to the availability of alternative processing and commercialization options for its concentrate, the Company believes it would suffer no material adverse effect if it lost the services of Trafigura.

EXPENSES BY NATURE

EXPENSES BY NATURE	6 Months Ended
	Jun. 30, 2021
Expenses By Nature
EXPENSES BY NATURE	13. EXPENSES BY NATURE (a) Cost of sales consist of the following: SCHEDULE OF COST OF SALES 2021 2020 2021 2020 Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Direct mining and milling costs (1) 5,916 3,218 12,372 8,780 Changes in inventories (2) (102 ) (577 ) (405 ) (894 ) Depletion and amortization 1,773 666 3,563 1,935 Toll milling costs - - - 234 Cost of sales 7,587 3,307 15,530 10,055 (1) Direct mining and milling costs include personnel, general and administrative, fuel, electricity, maintenance and repair costs as well as operating supplies, external services and transport fees. (2) Changes in inventories reflect the net cost of ore and concentrate (i) sold during the current period but produced in a previous period (an addition to direct mining and milling costs) or (ii) produced but not sold in the current period (a deduction from direct mining and milling costs). (b) Administrative expenses consist of the following: SCHEDULE OF ADMINISTRATIVE EXPENSES 2021 2020 2021 2020 Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Office and overhead costs 623 255 1,225 664 Salaries and wages 430 668 1,142 1,069 Corporate development and legal 44 200 112 274 Public company costs 54 32 116 81 Administrative expenses 1,151 1,155 2,595 2,088 Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three and six months ended June 30, 2021 and 2020 (in thousands of U.S. dollars, except share and per share data) (c) Other expense (income) consists of the following: SCHEDULE OF OTHER EXPENSES 2021 2020 2021 2020 Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Unrealized loss (gain) on marketable securities (Note 3) 230 (1,514 ) 699 (1,481 ) Unrealized loss (gain) on purchase warrants (Note 3) 32 (188 ) 106 (202 ) Loss on disposal of assets - - - 188 Unrealized foreign exchange loss (1) 140 337 272 873 Realized foreign exchange (gain) loss (93 ) 76 (157 ) 10 Interest income (1 ) (15 ) (5 ) (31 ) Shares issued at a discount to settle payables - 74 - 74 Management fee income (Note 6) (58 ) (19 ) (67 ) (19 ) Other (62 ) 77 (11 ) 21 Other expense (income) 188 (1,172 ) 837 (567 ) (1) Refer to Note 18 of the Q1 2021 Condensed Consolidated Financial Statements. The 2020 quarterly information was revised for the reclassification of foreign exchange differences on provisionally priced sales. The revisions for the three and six months ended June 30, 2020 are $ 204 1,258

EXPLORATION EXPENSE

EXPLORATION EXPENSE	6 Months Ended
	Jun. 30, 2021
Exploration Expense
EXPLORATION EXPENSE	14. EXPLORATION EXPENSE Exploration expenses were incurred on the following projects: SCHEDULE OF EXPLORATION EXPENSE Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Platosa 936 75 1,353 177 Evolución 115 90 278 294 Silver City 513 53 717 120 Kilgore 236 40 525 40 1,800 258 2,873 631

FINANCE EXPENSE (INCOME)

FINANCE EXPENSE (INCOME)	6 Months Ended
	Jun. 30, 2021
Finance Expense
FINANCE EXPENSE (INCOME)	15. FINANCE EXPENSE (INCOME) Finance expense (income) consist of the following: SCHEDULE OF FINANCE EXPENSES 2021 2020 2021 2020 Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Interest expense - Debentures 984 - 1,632 - Interest expense - other 16 246 46 487 Rehabilitation provision - accretion 18 16 36 30 Post-retirement benefits - accretion 7 2 15 1 Unrealized (gain) loss on currency hedges - (818 ) 21 1,019 Finance expense (income) 1,025 (554 ) 1,750 1,537

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2021
Disclosure of nature and extent of risks arising from financial instruments [abstract]
FINANCIAL INSTRUMENTS	16. FINANCIAL INSTRUMENTS Fair Values of non-derivative financial instruments All financial assets and financial liabilities, other than derivatives, are initially recognized at the fair value of consideration paid or received, net of transaction costs, as appropriate, and are subsequently carried at fair value or amortized cost. At June 30, 2021, the carrying amounts of trade and other payables and other current assets are considered to be reasonable approximations of their respective fair values due to the short-term nature of these instruments. The methods and assumptions used in estimating the fair value of other financial assets and liabilities are as follows: Embedded derivatives – provisional pricing Revenues from the sale of metals produced are based on provisional prices at the time of shipment. Variations between the price recorded at the time of sale and the actual final price received from the customer are caused by changes in market prices for metals sold and final settlement weights and assays, which result in an embedded derivative in accounts receivable. The embedded derivative is recorded at fair value each reporting period until settlement occurs, with the changes in fair value recorded to revenues. Fair Value Hierarchy The three levels of the fair value hierarchy are as follows: ● Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities; ● Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and ● Level 3 – Inputs that are not based on observable market data Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three and six months ended June 30, 2021 and 2020 (in thousands of U.S. dollars, except share and per share data) SCHEDULE OF THREE LEVELS OF FAIR VALUE HIERARCHY June 30 December 31 Fair value 2021 2020 hierarchy $ $ Financial assets Fair value through profit and loss Marketable securities Level 1 1,498 2,138 Warrants Level 2 112 212 Trade receivables Level 2 1,765 1,782 Forward foreign exchange contracts Level 2 - 21 3,375 4,153 There were no transfers between levels 1, 2 or 3 during the six months ended June 30, 2021. Valuation techniques and inputs used to determine fair values include: ● Marketable securities - the use of quoted market prices ● Warrants – based on a Black-Scholes model which uses quoted observable inputs ● Provisional pricing receivables – key inputs are payable metal and future metal prices, marked-to-market based on a quoted forward price and final settlement weights and assays ● Forward foreign currency contracts – present value of future cash flows based on the forward exchange rates at the balance sheet date

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Jun. 30, 2021
Disclosure Segment Reporting Abstract
SEGMENT REPORTING	17. SEGMENT REPORTING SCHEDULE OF SEGMENT REPORTING 2021 2020 2021 2020 2021 2020 MEXICO CORPORATE TOTAL June 30 December 31 June 30 December 31 June 30 December 31 2021 2020 2021 2020 2021 2020 $ $ $ $ $ $ Property, plant and equipment 25,883 24,877 861 953 26,744 25,830 Capital expenditures (4,386 ) (7,620 ) (13 ) (48 ) (4,399 ) (7,668 ) Mineral rights 709 804 19,727 19,707 20,436 20,511 Total assets (1) 42,463 40,897 28,663 32,382 71,126 73,279 Total liabilities (1) 11,763 11,959 12,315 10,878 24,078 22,837 (1) Certain comparative period balances related to deferred income tax and foreign exchange impacts have been reallocated to conform with the current interim period allocation. As a result, total assets for Mexico and Corporate as at December 31, 2020, previously reported as $63,062 and $10,217, were revised to $40,897 and $32,382, respectively. Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three and six months ended June 30, 2021 and 2020 (in thousands of U.S. dollars, except share and per share data) Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ MEXICO Revenues 9,717 687 19,498 6,248 Cost of sales (7,587 ) (3,307 ) (15,530 ) (10,055 ) Exploration (1,051 ) (165 ) (1,631 ) (471 ) Other (expense) income (47 ) 1,146 (115 ) (889 ) Finance expense (6 ) (18 ) (51 ) (1,050 ) Income tax (expense) recovery (74 ) 97 (76 ) (808 ) Net income (loss) 952 (1,560 ) 2,095 (7,025 ) CORPORATE Corporate administrative expenses (1,640 ) (2,345 ) (3,983 ) (3,508 ) Exploration (749 ) (93 ) (1,242 ) (160 ) Other (expense) income (141 ) 26 (722 ) 1,456 Finance (expense) income (1,019 ) 572 (1,699 ) (487 ) Income tax recovery (expense) 52 - 84 (47 ) Net loss (3,497 ) (1,840 ) (7,562 ) (2,746 ) Net Loss (2,545 ) (3,400 ) (5,467 ) (9,771 )

MARKETABLE SECURITIES AND WAR_2

MARKETABLE SECURITIES AND WARRANTS (Tables)	6 Months Ended
	Jun. 30, 2021
Marketable Securities And Warrants
SCHEDULE OF FAIR VALUE OF MARKETABLE SECURITIES AND WARRANTS	The Wallbridge Shares and Warrants are measured at fair value with changes recorded in other income/expense. SCHEDULE OF FAIR VALUE OF MARKETABLE SECURITIES AND WARRANTS June 30 December 31 2021 2020 $ $ Marketable securities at fair value Opening balance 2,138 348 Additions - 995 Unrealized (loss) gain on revaluation (699 ) 645 Exchange differences 59 150 Closing balance 1,498 2,138 Warrants at fair value Opening balance 212 - Additions - 128 Unrealized (loss) gain on revaluation (106 ) 67 Exchange differences 6 17 Closing balance 112 212 Marketable securities and warrants 1,610 2,350

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure Of Inventories Abstract
SCHEDULE OF INVENTORIES	SCHEDULE OF INVENTORIES June 30 December 31 2021 2020 $ $ Ore stockpiles (1) 437 453 Concentrate inventory (1) 436 4 Production spare parts 2,687 2,441 Obsolescence provision - spare parts (495 ) (523 ) Inventories 3,065 2,375

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT	Assets Right Mining Mining Processing under of use properties equipment equipment construction assets Total $ $ $ $ $ $ At January 1, 2020 Cost 31,774 16,887 6,160 5,071 1,646 61,538 Accumulated amortization (20,198 ) (11,267 ) (5,036 ) - (219 ) (36,720 ) Opening net book value 11,576 5,620 1,124 5,071 1,427 24,818 Year ended December 31, 2020 Opening net book value 11,576 5,620 1,124 5,071 1,427 24,818 Additions 1,416 1,873 673 3,658 48 7,668 Reclassification 4,046 3,333 - (7,325 ) (54 ) - Depletion and amortization (2,191 ) (2,101 ) (298 ) - (202 ) (4,792 ) Exchange differences (2) (377 ) 164 (503 ) (882 ) (266 ) (1,864 ) Closing net book value 14,470 8,889 996 522 953 25,830 At December 31, 2020 Cost 36,400 21,576 6,075 522 1,640 66,213 Accumulated amortization (21,930 ) (12,687 ) (5,079 ) - (687 ) (40,383 ) Opening net book value 14,470 8,889 996 522 953 25,830 Cost 36,400 21,576 6,075 522 1,640 66,213 Accumulated amortization (21,930 ) (12,687 ) (5,079 ) - (687 ) (40,383 ) Period ended June 30, 2021 Opening net book value 14,470 8,889 996 522 953 25,830 Additions (1) 2,020 207 207 1,952 13 4,399 Reclassification 574 207 18 (799 ) - - Depletion and amortization (2,074 ) (1,384 ) (131 ) - (122 ) (3,711 ) Exchange differences (2) 125 51 8 25 17 226 Closing net book value 15,115 7,970 1,098 1,700 861 26,744 At June 30, 2021 Cost 39,476 22,187 6,348 1,700 1,671 71,382 Accumulated amortization (24,361 ) (14,217 ) (5,250 ) - (810 ) (44,638 ) Closing net book value 15,115 7,970 1,098 1,700 861 26,744

MINERAL RIGHTS (Tables)

MINERAL RIGHTS (Tables)	6 Months Ended
	Jun. 30, 2021
Mineral Rights
SCHEDULE OF MINERAL RIGHTS	Platosa Beschefer Silver City (1) Kilgore (2) Oakley (3) Platosa Beschefer Silver City Kilgore Oakley (Mexico) (Canada) (Germany) (1) (Idaho) (2) (Idaho) (3) Total $ $ $ $ $ $ At January 1, 2020 Cost 3,785 1,428 245 - - 5,458 Accumulated amortization (2,782 ) - - - - (2,782 ) Opening net book value 1,003 1,428 245 - - 2,676 Year ended December 31, 2020 Opening net book value 1,003 1,428 245 - - 2,676 Acquisitions - - 317 13,711 5,332 19,360 Additions - - - 45 32 77 Payments received under earn-in agreement Disposals - (1,348 ) - - - (1,348 ) Depletion and amortization (178 ) - - (178 ) Exchange differences (21 ) (80 ) 25 - - (76 ) Closing net book value 804 - 587 13,756 5,364 20,511 At December 31, 2020 Cost 3,721 - 587 13,756 5,364 23,428 Accumulated amortization (2,917 ) - - - - (2,917 ) Opening net book value 804 - 587 13,756 5,364 20,511 Period ended June 30, 2021 Opening net book value 804 - 587 13,756 5,364 20,511 Additions - - 75 - - 75 Payments received under earn-in agreement - - - - (75 ) (75 ) Depletion and amortization (113 ) - - - - (113 ) Exchange differences 18 - 20 - - 38 Closing net book value 709 - 682 13,756 5,289 20,436 At June 30, 2021 Cost 3,796 - 682 13,756 5,289 23,523 Accumulated amortization (3,087 ) - - - - (3,087 ) Closing net book value 709 - 682 13,756 5,289 20,436

PROVISIONS (Tables)

PROVISIONS (Tables)	6 Months Ended
	Jun. 30, 2021
Provisions [abstract]
SCHEDULE OF PROVISIONS	SCHEDULE OF PROVISIONS benefits (1) provision (2) Total Post-retirement Rehabilitation benefits (1) provision (2) Total $ $ $ Year ended December 31, 2020 Opening balance 617 1,626 2,243 Termination payments (113 ) - (113 ) Change in estimate 233 - 233 Accretion for the period 40 61 101 Exchange differences (125 ) (131 ) (256 ) Closing Balance 652 1,556 2,208 Period ended June 30, 2021 Opening balance 652 1,556 2,208 Termination payments (35 ) - (35 ) Change in estimate - (78 ) (78 ) Accretion for the period 109 36 145 Exchange differences 6 11 17 Closing Balance 732 1,525 2,257 (1) Post-retirement benefits: The Company provides post-retirement benefits supplements as well as leaving indemnities to employees at the Mexican operations. Under Mexican labour law, the Company provides statutorily mandated severance benefits to its employees terminated under certain circumstances. Key financial assumptions used in the above estimate include an annual discount rate of 4.86% 4.86% 3.75% 3.75% 5.31% 5.31% four years (2) Rehabilitation provision: Key financial assumptions used in the above estimate include an annual discount rate of 5.94% 4.73% four years 1,866 889 977

CONVERTIBLE DEBENTURES (Tables)

CONVERTIBLE DEBENTURES (Tables)	6 Months Ended
	Jun. 30, 2021
Convertible Debentures
SUMMARY OF DEBT COMPONENT	SUMMARY OF DEBT COMPONENT $ CAD $ USD Year ended December 31, 2020 Opening balance - - Proceeds on issuance of Debenture 17,910 13,334 Transaction costs paid (768 ) (572 ) Portion allocated to equity - conversion option and other features (8,683 ) (6,464 ) Interest expense 1,594 1,222 Value of shares issued to settle interest payable (754 ) (588 ) Exchange differences - 351 Closing balance 9,299 7,283 Period ended June 30, 2021 Opening balance 9,299 7,283 Interest expense 2,027 1,632 Value of shares issued to settle interest payable (888 ) (727 ) Exchange differences - 241 Closing balance 10,438 8,429

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure of classes of share capital [abstract]
SCHEDULE OF AUTHORIZED SHARE CAPITAL	The Company’s authorized share capital consists of an unlimited number of common shares. SCHEDULE OF AUTHORIZED SHARE CAPITAL Number of shares (000’s) $ Year ended December 31, 2020 Opening balance 22,491 114,840 Shares issued on exercise of stock options 261 602 Shares issued on exercise of RSUs and DSUs 382 1,627 Shares issued on exercise of warrants 2 8 Shares issued on acquisition of Otis Gold Corp (1) 8,131 16,370 Shares issued as part of Credit Facility (2) 107 180 Shares issued to settle payables (3) 671 1,738 Value of shares issued in asset acquisition (4) 66 246 Shares issued to settle interest on convertible debentures (5) 228 588 Balance at December 31, 2020 32,339 136,199 Period ended June 30, 2021 Opening balance 32,339 136,199 Shares issued on exercise of stock options 15 55 Shares issued on exercise of RSUs and DSUs 123 503 Shares issued to settle interest on convertible debentures (5) 286 727 Balance at June 30, 2021 32,763 137,484 (1) On April 22, 2020, the Company completed the acquisition of Otis. Otis shareholders received 0.046 8,130,630 2.85 (2) On March 16, 2020, the Company closed a $ 6,000 10 107,291 (3) During the second and third quarters of 2020, the Company issued 670,974 2,098 196 261 (4) On September 21, 2020 and in accordance with the Globex Agreement, the second issuance of 65,657 325 100 (5) The Company elected to pay the December 31, 2020 and June 30, 2021 interest payments on the Debentures (Note 9) in common shares valued at C$ 754 588 888 727
SCHEDULE OF OUTSTANDING NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES	The outstanding number and weighted average exercise prices of equity-settled Stock Options, Warrants, Deferred Share Units (“DSUs”) and Restricted Share Units (“RSUs”) are as follows: SCHEDULE OF OUTSTANDING NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES Options Warrants Options Outstanding Weighted Average Exercise Price (CAD) Warrants Outstanding (2) Weighted Average Exercise Price (CAD) RSUs Outstanding DSUs Outstanding Outstanding at January 1, 2020 461,000 5.59 1,092,500 7.00 572,485 467,572 Granted/issued/acquired (1) 1,002,395 3.34 1,448,488 5.23 337,331 217,264 Exercised/settled (260,596 ) 1.93 (2,400 ) 3.45 (224,750 ) (193,507 ) Expired (332,359 ) 5.20 - - (91,332 ) - Forfeited (23,004 ) 4.26 - - (128,223 ) - Outstanding at December 31, 2020 847,437 4.21 2,538,588 6.00 465,511 491,330 Exercisable at December 31, 2020 548,009 4.52 2,538,588 6.00 - 98,417 Outstanding at January 1, 2021 847,437 4.21 2,538,588 6.00 465,511 491,330 Granted/issued 212,500 4.14 - - 419,405 129,749 Exercised/settled (15,000 ) 3.05 - - (41,117 ) (86,904 ) Expired (5,000 ) 8.75 - - - - Forfeited (10,000 ) 3.87 - - - - Outstanding at June 30, 2021 1,029,937 4.20 2,538,588 6.00 843,799 534,175 Exercisable at June 30, 2021 752,644 4.33 2,538,588 6.00 - 98,417 (1) On April 22, 2020, the Company issued 531,895 305,060 130,365 July 22, 2020 (2) The Company has the following warrants outstanding: ● 1,092,400 August 27, 2021 ● 302,760 March 29, 2022 ● 1,143,428 July 30, 2023
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE	Options outstanding and exercisable are as follows: SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE Exercise Price Range (CAD) Stock Options Outstanding Weighted Average Remaining Contractual Life (years) Stock Options Exercisable Weighted Average $ 2.00 3.99 484,987 1.93 380,237 3.11 $ 4.00 5.99 448,950 2.86 276,407 4.61 $ 6.00 7.99 15,000 0.91 15,000 7.63 $ 8.00 9.99 81,000 1.12 81,000 8.52 1,029,937 2.26 752,644 4.33
SCHEDULE OF SHARE BASED COMPENSATION EXPENSE	Compensation expense is recognized over the vesting period of the grant with the corresponding equity impact recorded in contributed surplus. Share-based compensation expense comprises the following: SCHEDULE OF SHARE BASED COMPENSATION EXPENSE Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Stock options 143 207 345 240 RSU 145 543 287 581 DSU 74 387 495 465 362 1,137 1,127 1,286

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure of contingent liabilities [abstract]
SUMMARY OF SIGNIFICANT UNRECOGNIZED COMMITMENTS	The following table summarizes the Company’s significant unrecognized commitments as of June 30, 2021: SUMMARY OF SIGNIFICANT UNRECOGNIZED COMMITMENTS Less than one year 1 - 3 years 4 - 5 years After 5 years (1) Total $ $ $ $ $ Concession and annual mineral claim fees 414 1,365 1,518 - 3,297 Exploration Licenses - Silver City (to be paid in Shares) 341 501 - - 842 Exploration Licenses - Silver City (to be paid in cash) 80 160 - - 240 835 2,026 1,518 - 4,379 (1) Concession and claim fees continue until the relinquishment or expiration of the applicable concessions or claims.

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue [abstract]
SCHEDULE OF RECOGNIZED AMOUNTS RELATED TO REVENUE	The Company recognized the following amounts related to revenue: SCHEDULE OF RECOGNIZED AMOUNTS RELATED TO REVENUE 2021 2020 2021 2020 Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Concentrate revenues from contracts with customers 9,440 939 19,284 6,530 Provisional pricing adjustments on concentrate sales (1) 277 (252 ) 214 (778 ) Revenues from toll milling services - - - 496 Total revenues 9,717 687 19,498 6,248 (1) Refer to Note 18 of the Q1 2021 Condensed Consolidated Financial Statements. The 2020 quarterly information was revised for the reclassification of foreign exchange differences on provisionally priced sales. The revisions for the three and six months ended June 30, 2020 are $ 204 1,258
SCHEDULE OF DISAGGREGATION OF REVENUE	The following table sets out the disaggregation of revenue by metal and form of sale: SCHEDULE OF DISAGGREGATION OF REVENUE Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Concentrate revenues: Silver 6,083 401 12,682 3,350 Lead 1,429 137 2,737 1,100 Zinc 2,205 149 4,079 1,302 Revenues from toll milling services - - - 496 Total revenues 9,717 687 19,498 6,248

EXPENSES BY NATURE (Tables)

EXPENSES BY NATURE (Tables)	6 Months Ended
	Jun. 30, 2021
Expenses By Nature
SCHEDULE OF COST OF SALES	(a) Cost of sales consist of the following: SCHEDULE OF COST OF SALES 2021 2020 2021 2020 Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Direct mining and milling costs (1) 5,916 3,218 12,372 8,780 Changes in inventories (2) (102 ) (577 ) (405 ) (894 ) Depletion and amortization 1,773 666 3,563 1,935 Toll milling costs - - - 234 Cost of sales 7,587 3,307 15,530 10,055 (1) Direct mining and milling costs include personnel, general and administrative, fuel, electricity, maintenance and repair costs as well as operating supplies, external services and transport fees. (2) Changes in inventories reflect the net cost of ore and concentrate (i) sold during the current period but produced in a previous period (an addition to direct mining and milling costs) or (ii) produced but not sold in the current period (a deduction from direct mining and milling costs).
SCHEDULE OF ADMINISTRATIVE EXPENSES	(b) Administrative expenses consist of the following: SCHEDULE OF ADMINISTRATIVE EXPENSES 2021 2020 2021 2020 Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Office and overhead costs 623 255 1,225 664 Salaries and wages 430 668 1,142 1,069 Corporate development and legal 44 200 112 274 Public company costs 54 32 116 81 Administrative expenses 1,151 1,155 2,595 2,088
SCHEDULE OF OTHER EXPENSES	(c) Other expense (income) consists of the following: SCHEDULE OF OTHER EXPENSES 2021 2020 2021 2020 Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Unrealized loss (gain) on marketable securities (Note 3) 230 (1,514 ) 699 (1,481 ) Unrealized loss (gain) on purchase warrants (Note 3) 32 (188 ) 106 (202 ) Loss on disposal of assets - - - 188 Unrealized foreign exchange loss (1) 140 337 272 873 Realized foreign exchange (gain) loss (93 ) 76 (157 ) 10 Interest income (1 ) (15 ) (5 ) (31 ) Shares issued at a discount to settle payables - 74 - 74 Management fee income (Note 6) (58 ) (19 ) (67 ) (19 ) Other (62 ) 77 (11 ) 21 Other expense (income) 188 (1,172 ) 837 (567 ) (1) Refer to Note 18 of the Q1 2021 Condensed Consolidated Financial Statements. The 2020 quarterly information was revised for the reclassification of foreign exchange differences on provisionally priced sales. The revisions for the three and six months ended June 30, 2020 are $ 204 1,258

EXPLORATION EXPENSE (Tables)

EXPLORATION EXPENSE (Tables)	6 Months Ended
	Jun. 30, 2021
Exploration Expense
SCHEDULE OF EXPLORATION EXPENSE	Exploration expenses were incurred on the following projects: SCHEDULE OF EXPLORATION EXPENSE Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Platosa 936 75 1,353 177 Evolución 115 90 278 294 Silver City 513 53 717 120 Kilgore 236 40 525 40 1,800 258 2,873 631

FINANCE EXPENSE (INCOME) (Table

FINANCE EXPENSE (INCOME) (Tables)	6 Months Ended
	Jun. 30, 2021
Finance Expense
SCHEDULE OF FINANCE EXPENSES	Finance expense (income) consist of the following: SCHEDULE OF FINANCE EXPENSES 2021 2020 2021 2020 Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ Interest expense - Debentures 984 - 1,632 - Interest expense - other 16 246 46 487 Rehabilitation provision - accretion 18 16 36 30 Post-retirement benefits - accretion 7 2 15 1 Unrealized (gain) loss on currency hedges - (818 ) 21 1,019 Finance expense (income) 1,025 (554 ) 1,750 1,537

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure of nature and extent of risks arising from financial instruments [abstract]
SCHEDULE OF THREE LEVELS OF FAIR VALUE HIERARCHY	SCHEDULE OF THREE LEVELS OF FAIR VALUE HIERARCHY June 30 December 31 Fair value 2021 2020 hierarchy $ $ Financial assets Fair value through profit and loss Marketable securities Level 1 1,498 2,138 Warrants Level 2 112 212 Trade receivables Level 2 1,765 1,782 Forward foreign exchange contracts Level 2 - 21 3,375 4,153

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure Segment Reporting Abstract
SCHEDULE OF SEGMENT REPORTING	SCHEDULE OF SEGMENT REPORTING 2021 2020 2021 2020 2021 2020 MEXICO CORPORATE TOTAL June 30 December 31 June 30 December 31 June 30 December 31 2021 2020 2021 2020 2021 2020 $ $ $ $ $ $ Property, plant and equipment 25,883 24,877 861 953 26,744 25,830 Capital expenditures (4,386 ) (7,620 ) (13 ) (48 ) (4,399 ) (7,668 ) Mineral rights 709 804 19,727 19,707 20,436 20,511 Total assets (1) 42,463 40,897 28,663 32,382 71,126 73,279 Total liabilities (1) 11,763 11,959 12,315 10,878 24,078 22,837 (1) Certain comparative period balances related to deferred income tax and foreign exchange impacts have been reallocated to conform with the current interim period allocation. As a result, total assets for Mexico and Corporate as at December 31, 2020, previously reported as $63,062 and $10,217, were revised to $40,897 and $32,382, respectively. Excellon Resources Inc. Notes to the Condensed Consolidated Financial Statements For the three and six months ended June 30, 2021 and 2020 (in thousands of U.S. dollars, except share and per share data) Three months ended Six months ended June 30 June 30 June 30 June 30 2021 2020 2021 2020 $ $ $ $ MEXICO Revenues 9,717 687 19,498 6,248 Cost of sales (7,587 ) (3,307 ) (15,530 ) (10,055 ) Exploration (1,051 ) (165 ) (1,631 ) (471 ) Other (expense) income (47 ) 1,146 (115 ) (889 ) Finance expense (6 ) (18 ) (51 ) (1,050 ) Income tax (expense) recovery (74 ) 97 (76 ) (808 ) Net income (loss) 952 (1,560 ) 2,095 (7,025 ) CORPORATE Corporate administrative expenses (1,640 ) (2,345 ) (3,983 ) (3,508 ) Exploration (749 ) (93 ) (1,242 ) (160 ) Other (expense) income (141 ) 26 (722 ) 1,456 Finance (expense) income (1,019 ) 572 (1,699 ) (487 ) Income tax recovery (expense) 52 - 84 (47 ) Net loss (3,497 ) (1,840 ) (7,562 ) (2,746 ) Net Loss (2,545 ) (3,400 ) (5,467 ) (9,771 )

SCHEDULE OF FAIR VALUE OF MARKE

SCHEDULE OF FAIR VALUE OF MARKETABLE SECURITIES AND WARRANTS (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Marketable Securities And Warrants
Opening balance	$ 2,138	$ 348
Additions		995
Unrealized (loss) gain on revaluation	(699)	645
Exchange differences	59	150
Closing balance	1,498	2,138
Opening balance	212
Additions		128
Unrealized (loss) gain on revaluation	(106)	67
Exchange differences	6	17
Closing balance	112	212
Marketable securities and warrants	$ 1,610	$ 2,350

MARKETABLE SECURITIES AND WAR_3

MARKETABLE SECURITIES AND WARRANTS (Details Narrative) - Wallbridge Mining Company Ltd [Member] - $ / shares	Mar. 17, 2020	Dec. 31, 2018
Option Agreement [Member]
IfrsStatementLineItems [Line Items]
Initial consideration of marketable securities		500,000
Amended Agreement [Member]
IfrsStatementLineItems [Line Items]
Additional number of shares received	3,000,000
Warrant term	5 years
Amended Agreement [Member] | Warrants [Member]
IfrsStatementLineItems [Line Items]
Warrant shares	500,000
Amended Agreement [Member] | Warrants [Member] | Canada, Dollars
IfrsStatementLineItems [Line Items]
Warrant strike price	$ 1

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($) $ in Thousands		Jun. 30, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Inventories		$ 3,065	$ 2,375
Obsolescence provision - spare parts		(495)	(523)
Ore Stockpiles [Member]
IfrsStatementLineItems [Line Items]
Inventories	[1]	437	453
Concentrate Inventory [Member]
IfrsStatementLineItems [Line Items]
Inventories		436	4
Production Spare Parts [Member]
IfrsStatementLineItems [Line Items]
Inventories		$ 2,687	$ 2,441
[1]	Change in inventories included in cost of sales (Note 13.a) excludes balance sheet driven currency translation adjustment of $11 for the six months ended June 30, 2021.

SCHEDULE OF PROPERTY, PLANT AND

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)		6 Months Ended		12 Months Ended
		Jun. 30, 2021		Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Cost		$ 66,213,000		$ 61,538,000
Accumulated amortization		(40,383,000)		(36,720,000)
Opening net book value		25,830,000		24,818,000
Additions		4,399,000	[1]	7,668,000
Reclassification
Depletion and amortization		(3,711)		(4,792)
Increase (decrease) through net exchange differences, property, plant and equipment	[2]	226,000		(1,864,000)
Closing net book value		26,744,000		25,830,000
Cost		71,382,000		66,213,000
Accumulated amortization		(44,638,000)		(40,383,000)
Mining Properties [Member]
IfrsStatementLineItems [Line Items]
Cost		36,400,000		31,774,000
Accumulated amortization		(21,930,000)		(20,198,000)
Opening net book value		14,470,000		11,576,000
Additions		2,020,000	[1]	1,416,000
Reclassification		574,000		4,046,000
Depletion and amortization		(2,074)		(2,191)
Increase (decrease) through net exchange differences, property, plant and equipment	[2]	125,000		(377,000)
Closing net book value		15,115,000		14,470,000
Cost		39,476,000		36,400,000
Accumulated amortization		(24,361,000)		(21,930,000)
Mining Equipment [Member]
IfrsStatementLineItems [Line Items]
Cost		21,576,000		16,887,000
Accumulated amortization		(12,687,000)		(11,267,000)
Opening net book value		8,889,000		5,620,000
Additions		207,000	[1]	1,873,000
Reclassification		207,000		3,333,000
Depletion and amortization		(1,384)		(2,101)
Increase (decrease) through net exchange differences, property, plant and equipment	[2]	51,000		164,000
Closing net book value		7,970,000		8,889,000
Cost		22,187,000		21,576,000
Accumulated amortization		(14,217,000)		(12,687,000)
Processing Equipment [Member]
IfrsStatementLineItems [Line Items]
Cost		6,075,000		6,160,000
Accumulated amortization		(5,079,000)		(5,036,000)
Opening net book value		996,000		1,124,000
Additions		207,000	[1]	673,000
Reclassification		18,000
Depletion and amortization		(131)		(298)
Increase (decrease) through net exchange differences, property, plant and equipment	[2]	8,000		(503,000)
Closing net book value		1,098,000		996,000
Cost		6,348,000		6,075,000
Accumulated amortization		(5,250,000)		(5,079,000)
Assets Under Construction [Member]
IfrsStatementLineItems [Line Items]
Cost		522,000		5,071,000
Accumulated amortization
Opening net book value		522,000		5,071,000
Additions		1,952,000	[1]	3,658,000
Reclassification		(799,000)		(7,325,000)
Depletion and amortization
Increase (decrease) through net exchange differences, property, plant and equipment	[2]	25,000		(882,000)
Closing net book value		1,700,000		522,000
Cost		1,700,000		522,000
Accumulated amortization
Right-of-use assets [member]
IfrsStatementLineItems [Line Items]
Cost		1,640,000		1,646,000
Accumulated amortization		(687,000)		(219,000)
Opening net book value		953,000		1,427,000
Additions		13,000	[1]	48,000
Reclassification				(54,000)
Depletion and amortization		(122)		(202)
Increase (decrease) through net exchange differences, property, plant and equipment	[2]	17,000		(266,000)
Closing net book value		861,000		953,000
Cost		1,671,000		1,640,000
Accumulated amortization		$ (810,000)		$ (687,000)
[1]	During the six months ended June 30, 2021, the Company incurred $ 1,952 2,707 .
[2]	Unrealized foreign exchange losses on translation of Mexican peso assets at the period-end exchange rate.

SCHEDULE OF PROPERTY, PLANT A_2

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Disclosure of detailed information about property, plant and equipment [abstract]
Sustaining capital expenditures incurred	$ 1,952	$ 2,707

SCHEDULE OF MINERAL RIGHTS (Det

SCHEDULE OF MINERAL RIGHTS (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Cost				$ 23,428	$ 5,458	$ 5,458
Accumulated amortization				(2,917)	(2,782)	(2,782)
Opening net book value				20,511	2,676	2,676
Acquisitions						19,360
Additions				75		77
Payments received under earn-in agreement				(75)
Disposals						(1,348)
Depletion and amortization				(113)		(178)
Exchange differences				38		(76)
Closing net book value		20,436		20,436		20,511
Cost		23,523		23,523		23,428
Accumulated amortization		(3,087)		(3,087)		(2,917)
Mineral Rights Platosa (Mexico) [Member]
IfrsStatementLineItems [Line Items]
Cost				3,721	3,785	3,785
Accumulated amortization				(2,917)	(2,782)	(2,782)
Opening net book value				804	1,003	1,003
Acquisitions
Additions
Payments received under earn-in agreement
Disposals
Depletion and amortization				(113)		(178)
Exchange differences				18		(21)
Closing net book value		709		709		804
Cost		3,796		3,796		3,721
Accumulated amortization		(3,087)		(3,087)		(2,917)
Mineral Rights Beschefer (Canada) [Member]
IfrsStatementLineItems [Line Items]
Cost					1,428	1,428
Accumulated amortization
Opening net book value					1,428	1,428
Acquisitions
Additions
Payments received under earn-in agreement
Disposals						(1,348)
Depletion and amortization
Exchange differences						(80)
Closing net book value
Cost
Accumulated amortization
Mineral Rights Silver City (Germany) [Member]
IfrsStatementLineItems [Line Items]
Cost	[1]			587	245	245
Accumulated amortization	[1]
Opening net book value	[1]			587	245	245
Acquisitions	[1]					317
Additions	[1]			75
Payments received under earn-in agreement	[1]
Disposals	[1]
Depletion and amortization	[1]
Exchange differences	[1]			20		25
Closing net book value	[1]	682		682		587
Cost	[1]	682		682		587
Accumulated amortization	[1]
Mineral Rights Kilgore (Idaho) [Member]
IfrsStatementLineItems [Line Items]
Cost	[2]			13,756
Accumulated amortization	[2]
Opening net book value	[2]			13,756
Acquisitions	[2]					13,711
Additions	[2]					45
Payments received under earn-in agreement	[2]
Disposals	[2]
Depletion and amortization	[2]
Exchange differences	[2]
Closing net book value	[2]	13,756		13,756		13,756
Cost	[2]	13,756		13,756		13,756
Accumulated amortization	[2]
Mineral Rights Okaley (Idaho) [Member]
IfrsStatementLineItems [Line Items]
Cost	[3]			5,364
Accumulated amortization	[3]
Opening net book value	[3]			5,364
Acquisitions	[3]					5,332
Additions	[3]					32
Payments received under earn-in agreement	[3]			(75)
Disposals	[3]
Depletion and amortization	[3]
Exchange differences	[3]
Closing net book value	[3]	5,289		5,289		5,364
Cost	[3]	5,289		5,289		5,364
Accumulated amortization	[3]
[1]	On September 24, 2019 the Company signed an option agreement (the “Globex Agreement”) with Globex Mining Enterprises Inc. (“Globex”) to acquire a 100% 500 1,600 3% 2.5% reduced by 1% upon a payment of $1,500 Additional one-time payments of C$300 and C$700 will be made by the Company following any future announcement of a maiden resource on the property and upon achievement of commercial production from the project, respectively. 45,367 225 100 245 65,657 325 100 317
[2]	On April 22, 2020, the Company acquired the Kilgore Gold Project as part of the Otis acquisition. The Company has a 100%
[3]	On April 22, 2020, the Company acquired 100%

SCHEDULE OF MINERAL RIGHTS (D_2

SCHEDULE OF MINERAL RIGHTS (Details) (Parenthetical) $ in Thousands, $ in Thousands	Sep. 21, 2020USD ($)shares	Sep. 21, 2020CAD ($)shares	Apr. 22, 2020	Sep. 24, 2019USD ($)shares	Sep. 24, 2019CAD ($)shares
Otis Gold Corp [Member]
IfrsStatementLineItems [Line Items]
Acquisition of equity, percentage			100.00%
Project descriptions			the Company acquired 100% ownership of the Oakley Project in Cassia County, Idaho as part of the Otis acquisition.
Globex Agreement [Member] | Globex Mining Enterprises Inc [Member] | Mineral Rights Silver City (Germany) [Member]
IfrsStatementLineItems [Line Items]
Acquisition of equity, percentage				100.00%	100.00%
Payment for acquisition					$ 500
Shares issued during the period for acquisition, value					$ 1,600
Royalty for precious metals				3.00%	3.00%
Royalty for other metals				2.50%	2.50%
Reduction on royalty description				reduced by 1% upon a payment of $1,500	reduced by 1% upon a payment of $1,500
Addition one time payments				Additional one-time payments of C$300 and C$700 will be made by the Company following any future announcement of a maiden resource on the property and upon achievement of commercial production from the project, respectively.	Additional one-time payments of C$300 and C$700 will be made by the Company following any future announcement of a maiden resource on the property and upon achievement of commercial production from the project, respectively.
Globex Agreement [Member] | Globex Mining Enterprises Inc [Member] | Mineral Rights Silver City (Germany) [Member] | First Issuance [Member]
IfrsStatementLineItems [Line Items]
Payment for acquisition					$ 100
Shares issued during the period for acquisition, value					$ 225
Shares issued during the period for acquisition | shares				45,367	45,367
Additions				$ 245
Globex Agreement [Member] | Globex Mining Enterprises Inc [Member] | Mineral Rights Silver City (Germany) [Member] | Second Issuance [Member]
IfrsStatementLineItems [Line Items]
Payment for acquisition		$ 100
Shares issued during the period for acquisition, value		$ 325
Shares issued during the period for acquisition | shares	65,657	65,657
Additions	$ 317
Kilgore Gold Project [Member] | Otis Gold Corp [Member]
IfrsStatementLineItems [Line Items]
Acquisition of equity, percentage			100.00%
Project descriptions			The Company has a 100% interest in the Kilgore Gold property located in Clark County, Idaho, which consisted of 614 federal lode mining claims unencumbered by any underlying royalties. In Q4 2020, the Company staked 175 new claims expanding the Kilgore property by 28%.
Oakley Project [Member] | Blue Hill Creek [Member] | Otis Gold Corp [Member]
IfrsStatementLineItems [Line Items]
Project descriptions			Blue Hill Creek (“BHC”) – 44 unpatented federal lode mining claims and an adjacent 80 acre Idaho state lease, subject to a 2% net smelter returns (“NSR”) royalty on gold.
Oakley Project [Member] | Matrix Creek [Member] | Otis Gold Corp [Member]
IfrsStatementLineItems [Line Items]
Project descriptions			Matrix Creek – 61 unpatented federal lode mining claims and a 320 acre mineral lease, subject to a 2% NSR on gold. The NSRs at BHC and Matrix Creek can be purchased for a total of $2,000.
Oakley Project [Member] | Cold Creek [Member] | Otis Gold Corp [Member]
IfrsStatementLineItems [Line Items]
Project descriptions			Cold Creek – 117 unpatented federal lode mining claims.

MINERAL RIGHTS (Details Narrati

MINERAL RIGHTS (Details Narrative) - USD ($) $ in Thousands	Apr. 22, 2020	Feb. 26, 2020	Mar. 31, 2021
IfrsStatementLineItems [Line Items]
Payment received earn-in agreement			$ 75
Otis Gold Corp [Member]
IfrsStatementLineItems [Line Items]
Project descriptions	the Company acquired 100% ownership of the Oakley Project in Cassia County, Idaho as part of the Otis acquisition.
Otis Gold Corp [Member] | Definitive Option Agreement [Member] | Centerra Gold Inc [Member]
IfrsStatementLineItems [Line Items]
Project descriptions		Otis entered into a definitive option agreement with Centerra Gold Inc. (“Centerra”) whereby Centerra can earn up to a 70% interest in the Oakley Project in exchange for total exploration expenditures of $7,000 and cash payments to the Company of $550 over a six-year period. During the term of the Oakley Agreement, Excellon is Project Manager and earns 10% of the approved exploration expenditures for technical oversight and project management.
Exploration expenditures		$ 7,000
Payment for acquisition		$ 550

TRADE AND OTHER PAYABLES (Detai

TRADE AND OTHER PAYABLES (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Accounts payable	$ 5,228	$ 4,252
Accounts payable	9,615	8,172
Accruals and other payables	4,387	3,920
Trade payables and accruals related to property, plant and equipment	1,124	173
MEXICO
IfrsStatementLineItems [Line Items]
Accounts payable	$ 3,423	$ 2,429

SCHEDULE OF PROVISIONS (Details

SCHEDULE OF PROVISIONS (Details) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Opening balance		$ 2,208	$ 2,243
Termination payments		(35)	(113)
Change in estimate		(78)	233
Accretion for the period		145	101
Exchange differences		17	(256)
Closing Balance		2,257	2,208
Pension defined benefit plans [member]
IfrsStatementLineItems [Line Items]
Opening balance	[1]	652	617
Termination payments	[1]	(35)	(113)
Change in estimate	[1]		233
Accretion for the period	[1]	109	40
Exchange differences	[1]	6	(125)
Closing Balance	[1]	732	652
Post-employment medical defined benefit plans [member]
IfrsStatementLineItems [Line Items]
Opening balance	[2]	1,556	1,626
Termination payments	[2]
Change in estimate	[2]	(78)
Accretion for the period	[2]	36	61
Exchange differences	[2]	11	(131)
Closing Balance	[2]	$ 1,525	$ 1,556
[1]	Post-retirement benefits: The Company provides post-retirement benefits supplements as well as leaving indemnities to employees at the Mexican operations. Under Mexican labour law, the Company provides statutorily mandated severance benefits to its employees terminated under certain circumstances. Key financial assumptions used in the above estimate include an annual discount rate of 4.86% 4.86% 3.75% 3.75% 5.31% 5.31% four years
[2]	Rehabilitation provision: Key financial assumptions used in the above estimate include an annual discount rate of 5.94% 4.73% four years 1,866 889 977

SCHEDULE OF PROVISIONS (Detai_2

SCHEDULE OF PROVISIONS (Details) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Pension defined benefit plans [member]
IfrsStatementLineItems [Line Items]
Expected annual discount rate	4.86%	4.86%
Expected annual salary rate increase	3.75%	3.75%
Minimum wage increase rate	5.31%	5.31%
Life of mine	4 years
Post-employment medical defined benefit plans [member]
IfrsStatementLineItems [Line Items]
Expected annual discount rate	5.94%	4.73%
Life of mine	4 years
Undiscounted amount of obligations	$ 1,866
Post-employment medical defined benefit plans [member] | Platosa Mine [Member]
IfrsStatementLineItems [Line Items]
Undiscounted amount of obligations	889
Post-employment medical defined benefit plans [member] | Miguel Auza [Member]
IfrsStatementLineItems [Line Items]
Undiscounted amount of obligations	$ 977

SUMMARY OF DEBT COMPONENT (Deta

SUMMARY OF DEBT COMPONENT (Details) $ in Thousands, $ in Thousands	Jul. 30, 2020USD ($)	Jul. 30, 2020CAD ($)	Jun. 30, 2021USD ($)		Jun. 30, 2021CAD ($)	Dec. 31, 2020USD ($)		Dec. 31, 2020CAD ($)
IfrsStatementLineItems [Line Items]
Convertible debentures			$ 7,283
Value of shares issued to settle interest payable			(727)			$ (588)	[1]
Convertible debentures			8,429			7,283
Secured Convertible Debentures [Member]
IfrsStatementLineItems [Line Items]
Convertible debentures			7,283		$ 9,299
Proceeds on issuance of Debenture		$ 17,910				13,334		17,910
Transaction costs paid	$ 572	$ 768				(572)		(768)
Portion allocated to equity - conversion option and other features						(6,464)		(8,683)
Interest expense			1,632		2,027	1,222		1,594
Value of shares issued to settle interest payable			(727)	[1]	(888)	(588)		(754)
Exchange differences			241			351
Convertible debentures			$ 8,429		$ 10,438	$ 7,283		$ 9,299
[1]	The Company elected to pay the December 31, 2020 and June 30, 2021 interest payments on the Debentures (Note 9) in common shares valued at C$ 754 588 888 727

CONVERTIBLE DEBENTURES (Details

CONVERTIBLE DEBENTURES (Details Narrative) $ / shares in Units, $ in Thousands, $ in Thousands	Jul. 30, 2020USD ($)shares	Jul. 30, 2020CAD ($)shares	Jun. 30, 2021USD ($)		Jun. 30, 2021CAD ($)	Dec. 31, 2020USD ($)		Dec. 31, 2020CAD ($)	Jul. 30, 2020CAD ($)$ / sharesshares
IfrsStatementLineItems [Line Items]
Convertible debentures, interest payable settled with shares | $			$ 727			$ 588	[1]
Interest expense			1,632		$ 2,027
Secured Convertible Debentures [Member]
IfrsStatementLineItems [Line Items]
Proceeds from convertible debentures		$ 17,910				13,334		$ 17,910
Debt term	36 months	36 months
Debt conversion price									$ 5.30
Debt annual interest rate	5.75%								5.75%
Debt effective annual rate	10.00%								10.00%
Warrants to purchase common stock | shares	1,006,542								1,006,542
Warrant exercise price									$ 5.75
Warrant expiration date	Jul. 30, 2023	Jul. 30, 2023
Proceeds from debentures	$ 12,800	$ 17,100
Transaction costs	572	$ 768				(572)		(768)
Fair value of debt	6,298								$ 8,459
Residual portion of convertible option	4,751								6,382
Deferred tax recovery	$ 1,713								$ 2,301
Convertible debentures, interest payable settled with shares			$ 727	[1]	$ 888	$ 588		$ 754
Secured Convertible Debentures [Member] | Broker Warrant [Member]
IfrsStatementLineItems [Line Items]
Warrants granted | shares	136,887	136,887
Secured Convertible Debentures [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Debt conversion price									$ 12.50
[1]	The Company elected to pay the December 31, 2020 and June 30, 2021 interest payments on the Debentures (Note 9) in common shares valued at C$ 754 588 888 727

SCHEDULE OF AUTHORIZED SHARE CA

SCHEDULE OF AUTHORIZED SHARE CAPITAL (Details) $ in Thousands, $ in Thousands		3 Months Ended		6 Months Ended				12 Months Ended
		Sep. 30, 2020CAD ($)shares	Jun. 30, 2020CAD ($)shares	Jun. 30, 2021USD ($)shares		Jun. 30, 2021CAD ($)shares	Jun. 30, 2020USD ($)shares	Dec. 31, 2020USD ($)shares		Dec. 31, 2020CAD ($)shares
IfrsStatementLineItems [Line Items]
Opening balance				32,339,000		32,339,000	22,491,000	22,491,000		22,491,000
Opening balance, value | $				$ 136,199			$ 114,840	$ 114,840
Shares issued on exercise of stock options				15,000		15,000		261,000		261,000
Shares issued on exercise of stock options, value | $				$ 55				$ 602
Shares issued on exercise of RSUs and DSUs				123,000		123,000		382,000		382,000
Shares issued on exercise of RSUs and DSUs, value | $				$ 503				$ 1,627
Shares issued on exercise of warrants								2,000		2,000
Shares issued on exercise of warrants, value | $								$ 8
Shares issued on acquisition of Otis Gold Corp	[1]							8,131,000		8,131,000
Shares issued on acquisition of Otis Gold Corp, value | $	[1]							$ 16,370
Shares issued as part of Credit Facility	[2]							107,000		107,000
Shares issued as part of Credit Facility, value | $	[2]							$ 180
Shares issued to settle payables, shares		670,974	670,974					671,000	[3]	671,000	[3]
Shares issued to settle payables		$ 2,098	$ 2,098				$ 1,213	$ 1,738	[3]
Value of shares issued in asset acquisition	[4]							66,000		66,000
Value of shares issued in asset acquisition, value | $	[4]							$ 246
Shares issued to settle interest on convertible debentures	[5]							228,000		228,000
Shares issued to settle interest on convertible debentures, value | $				$ 727				$ 588	[5]
Ending balance				32,763,000		32,763,000		32,339,000		32,339,000
Ending balance, value | $				$ 137,484				$ 136,199
Secured Convertible Debentures [Member]
IfrsStatementLineItems [Line Items]
Shares issued to settle interest on convertible debentures	[5]			286,000		286,000
Shares issued to settle interest on convertible debentures, value				$ 727	[5]	$ 888		$ 588		$ 754
[1]	On April 22, 2020, the Company completed the acquisition of Otis. Otis shareholders received 0.046 8,130,630 2.85
[2]	On March 16, 2020, the Company closed a $ 6,000 10 107,291
[3]	During the second and third quarters of 2020, the Company issued 670,974 2,098 196 261
[4]	On September 21, 2020 and in accordance with the Globex Agreement, the second issuance of 65,657 325 100
[5]	The Company elected to pay the December 31, 2020 and June 30, 2021 interest payments on the Debentures (Note 9) in common shares valued at C$ 754 588 888 727

SCHEDULE OF AUTHORIZED SHARE _2

SCHEDULE OF AUTHORIZED SHARE CAPITAL (Details) (Parenthetical) $ / shares in Units, $ in Thousands

Apr. 22, 2020$ / sharesshares

Mar. 16, 2020USD ($)shares

Sep. 30, 2020CAD ($)shares

Jun. 30, 2020CAD ($)shares

Jun. 30, 2021USD ($)

Jun. 30, 2021CAD ($)

Jun. 30, 2020USD ($)

Dec. 31, 2020USD ($)shares

Jun. 30, 2021CAD ($)

Dec. 31, 2020CAD ($)

Sep. 21, 2020CAD ($)shares

IfrsStatementLineItems [Line Items]

Shares issued to settle payables, shares

670,974

670,974

671,000

[1]

Shares issued to settle payables

$ 2,098

$ 2,098

$ 1,213,000

$ 1,738,000

[1]

Other expenses

$ 196,000

$ 261

Debentures [Member]

IfrsStatementLineItems [Line Items]

Value of common shares issued

$ 727,000

$ 588

$ 888

$ 754

Globex Agreement [Member]

IfrsStatementLineItems [Line Items]

Number of common shares issued

65,657

Value of common shares issued | $

$ 325

Cash payment | $

$ 100

Sprott Private Resource Lending II [Member]

IfrsStatementLineItems [Line Items]

Credit facility loan amount | $

$ 6,000,000

Credit facility interest rate

10.00%

Number of common stock issued for credit facility

107,291

Otis Gold Corp [Member]

IfrsStatementLineItems [Line Items]

Price per share | $ / shares

$ 2.85

Otis Gold Corp [Member] | Exchange Ratio [Member]

IfrsStatementLineItems [Line Items]

Price per share | $ / shares

$ 0.046

Shares issued during the period for acquisition

8,130,630

[1]

During the second and third quarters of 2020, the Company issued 670,974 2,098 196 261

SCHEDULE OF OUTSTANDING NUMBER

SCHEDULE OF OUTSTANDING NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES (Details) shares in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2021shares$ / shares	Dec. 31, 2020shares$ / shares
IfrsStatementLineItems [Line Items]
Outstanding, Beginning Balance		847,437	461,000
Weighted Average Exercise Price, Beginning Balance | $ / shares		$ 4.21	$ 5.59
Granted/issued/acquired		212,500	1,002,395	[1]
Weighted Average Exercise Price, Granted/issued/acquired (Note 5) | $ / shares		$ 4.14	$ 3.34	[1]
Exercised/settled		(15,000)	(260,596)
Weighted Average Exercise Price, Exercised/settled | $ / shares		$ 3.05	$ 1.93
Expired		(5,000)	(332,359)
Weighted Average Exercise Price, Expired | $ / shares		$ 8.75	$ 5.20
Expired		5,000	332,359
Forfeited		(10,000)	(23,004)
Weighted Average Exercise Price, Forfeited | $ / shares		$ 3.87	$ 4.26
Forfeited		10,000	23,004
Outstanding, Ending Balance		1,029,937	847,437
Weighted Average Exercise Price, Ending Balance | $ / shares		$ 4.20	$ 4.21
Outstanding, Ending Balance		1,029,937	847,437
Exercisable, Ending Balance		752,644	548,009
Weighted Average Exercise Price Options Vested and Exercisable, Ending Balance | $ / shares		$ 4.33	$ 4.52
Exercised/settled		15,000	260,596
Restricted Stock Units (RSUs) [Member]
IfrsStatementLineItems [Line Items]
Outstanding, Beginning Balance		465,511	572,485
Granted/issued/acquired		419,405	337,331	[1]
Exercised/settled		(41,117)	(224,750)
Expired			(91,332)
Expired			91,332
Forfeited			(128,223)
Forfeited			128,223
Outstanding, Ending Balance		843,799	465,511
Outstanding, Ending Balance		843,799	465,511
Exercisable, Ending Balance
Exercised/settled		41,117	224,750
Deferred Stock Units (DSUs) [Member]
IfrsStatementLineItems [Line Items]
Outstanding, Beginning Balance		491,330	467,572
Granted/issued/acquired		129,749	217,264	[1]
Exercised/settled		(86,904)	(193,507)
Expired
Expired
Forfeited
Forfeited
Outstanding, Ending Balance		534,175	491,330
Outstanding, Ending Balance		534,175	491,330
Exercisable, Ending Balance		98,417	98,417
Exercised/settled		86,904	193,507
Warrants [Member]
IfrsStatementLineItems [Line Items]
Outstanding, Beginning Balance	[2]	2,538,588	1,092,500
Weighted Average Exercise Price, Beginning Balance | $ / shares		$ 6	$ 7
Granted/issued/acquired	[2]		1,448,488
Weighted Average Exercise Price, Granted/issued/acquired (Note 5) | $ / shares			$ 5.23	[1]
Exercised/settled	[2]		(2,400)
Weighted Average Exercise Price, Exercised/settled | $ / shares			$ 3.45
Expired	[2]
Weighted Average Exercise Price, Expired | $ / shares
Expired	[2]
Forfeited	[2]
Weighted Average Exercise Price, Forfeited | $ / shares
Forfeited	[2]
Outstanding, Ending Balance	[2]	2,538,588	2,538,588
Weighted Average Exercise Price, Ending Balance | $ / shares		$ 6	$ 6
Outstanding, Ending Balance	[2]	2,538,588	2,538,588
Exercisable, Ending Balance	[2]	2,538,588	2,538,588
Weighted Average Exercise Price Options Vested and Exercisable, Ending Balance | $ / shares		$ 6	$ 6
Exercised/settled	[2]		2,400
[1]	On April 22, 2020, the Company issued 531,895 305,060 130,365 July 22, 2020
[2]	The Company has the following warrants outstanding:

SCHEDULE OF OUTSTANDING NUMBE_2

SCHEDULE OF OUTSTANDING NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES (Details) (Parenthetical) - shares shares in Thousands	Apr. 22, 2020	Jun. 30, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Issuance of stock option		212,500	1,002,395	[1]
Number of stock options expired		5,000	332,359
3.30 Warrants [Member]
IfrsStatementLineItems [Line Items]
Issuance of warrants	305,060
Warrants Exercise Price 7.00 [Member]
IfrsStatementLineItems [Line Items]
Issuance of warrants	1,092,400
Warrants expiration date	Aug. 27, 2021
Warrants Exercise Price 3.30 Warrants [Member]
IfrsStatementLineItems [Line Items]
Issuance of warrants	302,760
Warrants expiration date	Mar. 29, 2022
Warrants Exercise Price 5.75 [Member]
IfrsStatementLineItems [Line Items]
Issuance of warrants	1,143,428
Warrants expiration date	Jul. 30, 2023
Stock Options [Member]
IfrsStatementLineItems [Line Items]
Issuance of stock option	531,895
Number of stock options expired	130,365
Stock option expired	Jul. 22, 2020
[1]	On April 22, 2020, the Company issued 531,895 305,060 130,365 July 22, 2020

SCHEDULE OF OPTIONS OUTSTANDING

SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2021shares$ / shares	Jun. 30, 2021shares$ / shares	Dec. 31, 2020shares$ / shares	Dec. 31, 2019shares
IfrsStatementLineItems [Line Items]
Stock Options Outstanding | shares	1,029,937	1,029,937	847,437	461,000
Weighted Average Remaining Contractual Life (years)	2 years 3 months 3 days
Stock Options Exercisable, Ending Balance | shares	752,644	752,644	548,009
Weighted Average Exercise Price Options Vested and Exercisable, Ending Balance		$ 4.33	$ 4.52
Exercise Price One [Member]
IfrsStatementLineItems [Line Items]
Stock Options Outstanding | shares	484,987	484,987
Weighted Average Remaining Contractual Life (years)	1 year 11 months 4 days
Stock Options Exercisable, Ending Balance | shares	380,237	380,237
Weighted Average Exercise Price Options Vested and Exercisable, Ending Balance		$ 3.11
Exercise Price One [Member] | Canada, Dollars | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	$ 2
Exercise Price One [Member] | Canada, Dollars | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	$ 3.99
Exercise Price Two [Member]
IfrsStatementLineItems [Line Items]
Stock Options Outstanding | shares	448,950	448,950
Weighted Average Remaining Contractual Life (years)	2 years 10 months 9 days
Stock Options Exercisable, Ending Balance | shares	276,407	276,407
Weighted Average Exercise Price Options Vested and Exercisable, Ending Balance		$ 4.61
Exercise Price Two [Member] | Canada, Dollars | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	$ 5.99
Exercise Price Two [Member] | Canada, Dollars | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	$ 4
Exercise Price Three [Member]
IfrsStatementLineItems [Line Items]
Stock Options Outstanding | shares	15,000	15,000
Weighted Average Remaining Contractual Life (years)	10 months 28 days
Stock Options Exercisable, Ending Balance | shares	15,000	15,000
Weighted Average Exercise Price Options Vested and Exercisable, Ending Balance		$ 7.63
Exercise Price Three [Member] | Canada, Dollars | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	$ 7.99
Exercise Price Three [Member] | Canada, Dollars | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	$ 6
Exercise Price Four [Member]
IfrsStatementLineItems [Line Items]
Stock Options Outstanding | shares	81,000	81,000
Weighted Average Remaining Contractual Life (years)	1 year 1 month 13 days
Stock Options Exercisable, Ending Balance | shares	81,000	81,000
Weighted Average Exercise Price Options Vested and Exercisable, Ending Balance		$ 8.52
Exercise Price Four [Member] | Canada, Dollars | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	$ 9.99
Exercise Price Four [Member] | Canada, Dollars | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise Price Range	$ 8

SCHEDULE OF SHARE BASED COMPENS

SCHEDULE OF SHARE BASED COMPENSATION EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
IfrsStatementLineItems [Line Items]
Share-based compensation expenses	$ 362	$ 1,137	$ 1,127	$ 1,286
Stock Options [Member]
IfrsStatementLineItems [Line Items]
Share-based compensation expenses	143	207	345	240
Restricted Stock Units (RSUs) [Member]
IfrsStatementLineItems [Line Items]
Share-based compensation expenses	145	543	287	581
Deferred Stock Units (DSUs) [Member]
IfrsStatementLineItems [Line Items]
Share-based compensation expenses	$ 74	$ 387	$ 495	$ 465

SUMMARY OF SIGNIFICANT UNRECOGN

SUMMARY OF SIGNIFICANT UNRECOGNIZED COMMITMENTS (Details) $ in Thousands	Jun. 30, 2021USD ($)
IfrsStatementLineItems [Line Items]
Concession and annual mineral claim fees	$ 3,297
Exploration Licenses - Silver City (to be paid in Shares)	842
Exploration Licenses - Silver City (to be paid in cash)	240
Commitments and contingencies	4,379
Commitments Period One [Member]
IfrsStatementLineItems [Line Items]
Concession and annual mineral claim fees	414
Exploration Licenses - Silver City (to be paid in Shares)	341
Exploration Licenses - Silver City (to be paid in cash)	80
Commitments and contingencies	835
Commitments Period Two [Member]
IfrsStatementLineItems [Line Items]
Concession and annual mineral claim fees	1,365
Exploration Licenses - Silver City (to be paid in Shares)	501
Exploration Licenses - Silver City (to be paid in cash)	160
Commitments and contingencies	2,026
Commitments Period Three [Member]
IfrsStatementLineItems [Line Items]
Concession and annual mineral claim fees	1,518
Exploration Licenses - Silver City (to be paid in Shares)
Exploration Licenses - Silver City (to be paid in cash)
Commitments and contingencies	1,518
Commitments Period Four [Member]
IfrsStatementLineItems [Line Items]
Concession and annual mineral claim fees		[1]
Exploration Licenses - Silver City (to be paid in Shares)		[1]
Exploration Licenses - Silver City (to be paid in cash)		[1]
Commitments and contingencies		[1]
[1]	Concession and claim fees continue until the relinquishment or expiration of the applicable concessions or claims.

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - Platosa Project Net Smelter Return [Member] - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Interest rate description	The NSR bears a rate of either (a) 1.25% in respect of manto or mineralization other than skarn mineralization or (b) 0.50% in respect of skarn or “Source” mineralization.
Minimum payment for plaintiff	$ 2.5
Interest rate of plaintiff	3.00%
Payment for royalty	$ 500
Description of plaintiff an award of damages	The Plaintiff was awarded damages of $700 in the court of first instance in Torreón, Coahuila. Both San Pedro and the Plaintiff appealed the decision to the Second District State Court in the Judicial District of Torreón. That Court confirmed the initial decision but, subsequently, pursuant to an order obtained by the Plaintiff, granted the Plaintiff an award of damages of $23,000, which in the view of management is multiple times greater than any income the applicable NSR royalty could produce even in the event of commercial production.
Accrued labour disputes	$ 140	$ 142

SCHEDULE OF RECOGNIZED AMOUNTS

SCHEDULE OF RECOGNIZED AMOUNTS RELATED TO REVENUE (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue [abstract]
Concentrate revenues from contracts with customers		$ 9,440	$ 939	$ 19,284	$ 6,530
Provisional pricing adjustment on concentrate sales.	[1]	277	(252)	214	(778)
Revenues from toll milling services					496
Total revenues		$ 9,717	$ 687	$ 19,498	$ 6,248
[1]	Refer to Note 18 of the Q1 2021 Condensed Consolidated Financial Statements. The 2020 quarterly information was revised for the reclassification of foreign exchange differences on provisionally priced sales. The revisions for the three and six months ended June 30, 2020 are $ 204 1,258

SCHEDULE OF RECOGNIZED AMOUNT_2

SCHEDULE OF RECOGNIZED AMOUNTS RELATED TO REVENUE (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
IfrsStatementLineItems [Line Items]
Revenues	$ 9,717	$ 687	$ 19,498	$ 6,248
Increase (decrease) due to corrections of prior period errors [member]
IfrsStatementLineItems [Line Items]
Revenues		$ 204		$ 1,258

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total revenues	$ 9,717	$ 687	$ 19,498	$ 6,248
Revenues From Toll Milling Services [Member]
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total revenues				496
Concentrate Revenues From Contracts With Customers: Silver [Member]
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total revenues	6,083	401	12,682	3,350
Concentrate Revenues From Contracts With Customers: Lead [Member]
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total revenues	1,429	137	2,737	1,100
Concentrate Revenues From Contracts With Customers: Zinc [Member]
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Total revenues	$ 2,205	$ 149	$ 4,079	$ 1,302

SCHEDULE OF COST OF SALES (Deta

SCHEDULE OF COST OF SALES (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Expenses By Nature
Direct mining and milling costs	[1]	$ 5,916	$ 3,218	$ 12,372	$ 8,780
Changes in inventories	[2]	(102)	(577)	(405)	(894)
Depletion and amortization		1,773	666	3,563	1,935
Toll milling costs					234
Cost of sales		$ 7,587	$ 3,307	$ 15,530	$ 10,055
[1]	Direct mining and milling costs include personnel, general and administrative, fuel, electricity, maintenance and repair costs as well as operating supplies, external services and transport fees.
[2]	Changes in inventories reflect the net cost of ore and concentrate (i) sold during the current period but produced in a previous period (an addition to direct mining and milling costs) or (ii) produced but not sold in the current period (a deduction from direct mining and milling costs).

SCHEDULE OF ADMINISTRATIVE EXPE

SCHEDULE OF ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Expenses By Nature
Office and overhead costs	$ 623	$ 255	$ 1,225	$ 664
Salaries and wages	430	668	1,142	1,069
Corporate development and legal	44	200	112	274
Public company costs	54	32	116	81
Administrative expenses	$ 1,151	$ 1,155	$ 2,595	$ 2,088

SCHEDULE OF OTHER EXPENSES (Det

SCHEDULE OF OTHER EXPENSES (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Expenses By Nature
Unrealized loss (gain) on marketable securities (Note 3)		$ 230	$ (1,514)	$ 699	$ (1,481)
Unrealized loss (gain) on purchase warrants (Note 3)		32	(188)	106	(202)
Loss on disposal of assets					188
Unrealized foreign exchange loss	[1]	140	337	272	873
Realized foreign exchange (gain) loss		(93)	76	(157)	10
Interest income		(1)	(15)	(5)	(31)
Shares issued at a discount to settle payables			74		74
Management fee income (Note 6)		(58)	(19)	(67)	(19)
Other		(62)	77	(11)	21
Other expense (income)		$ 188	$ (1,172)	$ 837	$ (567)
[1]	Refer to Note 18 of the Q1 2021 Condensed Consolidated Financial Statements. The 2020 quarterly information was revised for the reclassification of foreign exchange differences on provisionally priced sales. The revisions for the three and six months ended June 30, 2020 are $ 204 1,258

SCHEDULE OF OTHER EXPENSES (D_2

SCHEDULE OF OTHER EXPENSES (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
IfrsStatementLineItems [Line Items]
Other expense	$ (188)	$ 1,172	$ (837)	$ 567
Increase (decrease) due to corrections of prior period errors [member]
IfrsStatementLineItems [Line Items]
Other expense		$ 204		$ 1,258

SCHEDULE OF EXPLORATION EXPENSE

SCHEDULE OF EXPLORATION EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
IfrsStatementLineItems [Line Items]
Exploration	$ 1,800	$ 258	$ 2,873	$ 631
Platosa [Member]
IfrsStatementLineItems [Line Items]
Exploration	936	75	1,353	177
Evolucion [Member]
IfrsStatementLineItems [Line Items]
Exploration	115	90	278	294
Silver City [Member]
IfrsStatementLineItems [Line Items]
Exploration	513	53	717	120
Kilgore [Member]
IfrsStatementLineItems [Line Items]
Exploration	$ 236	$ 40	$ 525	$ 40

SCHEDULE OF FINANCE EXPENSES (D

SCHEDULE OF FINANCE EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Finance Expense
Interest expense - Debentures	$ 984		$ 1,632
Interest expense - other	16	246	46	487
Rehabilitation provision - accretion	18	16	36	30
Post-retirement benefits - accretion	7	2	15	1
Unrealized (gain) loss on currency hedges		(818)	21	1,019
Finance expense (income)	$ 1,025	$ (554)	$ 1,750	$ 1,537

SCHEDULE OF THREE LEVELS OF FAI

SCHEDULE OF THREE LEVELS OF FAIR VALUE HIERARCHY (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Financial assets	$ 3,375	$ 4,153
Level 1 of fair value hierarchy [member] | Marketable Securities [Member]
IfrsStatementLineItems [Line Items]
Financial assets	1,498	2,138
Level 2 of fair value hierarchy [member] | Forward Foreign Exchange Contracts [Member]
IfrsStatementLineItems [Line Items]
Financial assets		21
Level 2 of fair value hierarchy [member] | Warrants [Member]
IfrsStatementLineItems [Line Items]
Financial assets	112	212
Level 2 of fair value hierarchy [member] | Trade receivables [member]
IfrsStatementLineItems [Line Items]
Financial assets	$ 1,765	$ 1,782

SCHEDULE OF SEGMENT REPORTING (

SCHEDULE OF SEGMENT REPORTING (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Property, plant and equipment		$ 26,744		$ 26,744		$ 25,830	$ 24,818
Capital expenditures		(4,399)		(4,399)		(7,668)
Mineral rights		20,436		20,436		20,511
Assets	[1]	71,126		71,126		73,279
Liabilities	[1]	24,078		24,078		22,837
Revenues		9,717	$ 687	19,498	$ 6,248
Cost of sales		(7,587)	(3,307)	(15,530)	(10,055)
Exploration		1,800	258	2,873	631
Other income (expense)		(188)	1,172	(837)	567
Finance expense		1,025	(554)	1,750	1,537
Income tax recovery (expense)		22	(97)	(8)	855
Net income (loss)		(2,545)	(3,400)	(5,467)	(9,771)
Corporate administrative expenses		1,151	1,155	2,595	2,088
CORPORATE [Member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment		861		861		953
Capital expenditures		(13)		(13)		(48)
Mineral rights		19,727		19,727		19,707
Assets	[1]	28,663		28,663		32,382
Liabilities	[1]	12,315		12,315		10,878
Exploration		(749)	(93)	(1,242)	(160)
Other income (expense)		(141)	26	(722)	1,456
Finance expense		(1,019)	572	(1,699)	(487)
Income tax recovery (expense)		52		84	(47)
Net income (loss)		(3,497)	(1,840)	(7,562)	(2,746)
Corporate administrative expenses		(1,640)	(2,345)	(3,983)	(3,508)
Mexico [Member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment		25,883		25,883		24,877
Capital expenditures		(4,386)		(4,386)		(7,620)
Mineral rights		709		709		804
Assets	[1]	42,463		42,463		40,897
Liabilities	[1]	11,763		11,763		$ 11,959
Revenues		9,717	687	19,498	6,248
Cost of sales		(7,587)	(3,307)	(15,530)	(10,055)
Exploration		(1,051)	(165)	(1,631)	(471)
Other income (expense)		(47)	1,146	(115)	(889)
Finance expense		(6)	(18)	(51)	(1,050)
Income tax recovery (expense)		(74)	97	(76)	(808)
Net income (loss)		$ 952	$ (1,560)	$ 2,095	$ (7,025)
[1]	Certain comparative period balances related to deferred income tax and foreign exchange impacts have been reallocated to conform with the current interim period allocation. As a result, total assets for Mexico and Corporate as at December 31, 2020, previously reported as $63,062 and $10,217, were revised to $40,897 and $32,382, respectively.