Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Great Panther Mining reiterates its 2021 production guidance following results from its Brazil and Mexico operations

% of readers think this story is Fact. Add your two cents.


Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL) (FRA:G3U) reported its 1Q 2021 operating results, producing 22,996 gold ounces from its Tucano mine in Brazil, as well as 363,318 silver equivalent ounces from its Topia mine and 279,306 silver equivalent ounces from the Guanajuato Mine Complex (GMC) in Mexico.  In total, its consolidated metal production for the quarter was 30,556 gold equivalent ounces. 

The company also noted that its operations are on track to meet previously-announced consolidated production guidance for 2021 of 135,000 to 150,000 gold equivalent ounces. 

“I am pleased to report that operations continue safely despite COVID-19 and we remain on track with our proposed guidance for the year,” Great Panther Mining CEO Rob Henderson said in a statement. 

READ: Great Panther Mining has big exploration plans after strengthening balance sheet, growing reserves and posting record cashflow in 2020

Henderson added: “As previously stated, the first quarter was planned to be a low production quarter due to heavy stripping. Production is expected to ramp up quarter-over-quarter for the remainder of the year as mining progresses into sectors with lower strip ratios.”

Great Panther Mining said production at Tucano was impacted by an expected reduction in ore mined and a planned plant shutdown.  

At Topia, meanwhile, lower year-over-year output was attributed to a voluntary five-week suspension to safeguard the health of the company’s workforce and local community against the spread of coronavirus (COVID-19). Higher grades and recovery rates for gold and silver during the quarter at Topia were offset by a decrease in production attributed to the change in metal equivalency ratios for lead and zinc.

The company added that silver equivalent production at the GMC in 1Q 2021 fell year-over-year due primarily to workforce shortages related to COVID-19, although output rose 4% sequentially.

Great Panther’s first-quarter financial results are scheduled to be released on May 5.

Based in Vancouver, Great Panther owns a diversified portfolio of assets in Brazil, Mexico and Peru, which includes three operating gold and silver mines, four exploration projects, and an advanced development project.

Contact Sean at [email protected]

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/946564/great-panther-mining-reiterates-its-2021-production-guidance-following-results-from-its-brazil-and-mexico-operations-946564.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    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

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    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.