We've finally made it through earnings season for the precious metals space, with many miners reporting exceptional results but being thrown out with the bathwater. Some companies, however, have reported underwhelming results, and continue to lag the sector both from a fundamental and technical standpoint. The most recent of these sector laggards to report earnings is Excellon Resources (EXLLF), and their Q4 and FY-2019 report was nothing to write home about, with yet another set of net losses and non-existent margins. Given that the company has reported another year with all-in sustaining costs