Bob Archer, chief executive of Great Panther Silver (TSE:GPR, NYSEMKT:GPL) talks about plans for the miner’s two operating mines in Mexico and its acquisition of the polymetalic underground Coricancha project in Peru.
This deal is expected to close within the next couple of months, said the company boss, in a wide-ranging interview.
“We’re looking forward to a good year in Mexico and very excited about moving forward with the Coricancha project in Peru. We hope to conduct a pre-feasibility study on that project this year and that will guide us forward to production,” he told Andrew Scott.
The miner’s balance sheet is strong with around $56mln in cash and no debt, he added, so the firm reckons it can bring the mine back in to production without going back to the market.
Story by ProactiveInvestors