Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Great Panther on target to meet 2016 output guidance

Thursday, October 13, 2016 4:45
% of readers think this story is Fact. Add your two cents.

Great Panther Silver Ltd. (NYSEMKT:GPL, TSE:GPR) said it is still on target to meet 2016 output guidance and lowered cash costs, despite silver and gold output slipping in the third quarter at its two wholly-owned Mexican silver mining operations.

The mines comprise of the Guanajuato mine complex, which includes the San Ignacio mine, as well as the Topia mine in Durango.

Consolidated metal production decreased 12% to 953,632 silver-equivalent ounces (AgEq) in the third quarter versus the same period a year ago.

Silver production decreased 13% to 510,491 silver ounces while gold production decreased 11% to 5,423 gold ounces.

However, ore processed increased 2%, with 95,282 tonnes milled.

“Despite the third quarter being challenged by lower grades, recoveries and two temporary shutdowns, we expect to meet our production guidance for 2016,” stated Robert Archer, president and chief executive officer.

“Furthermore, we expect to continue the trend of significant reductions in our cash costs over prior-year levels.”

Story by ProactiveInvestors


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.