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Great Panther Silver Ltd. is a profitable and rapidly growing primary silver producer operating two 100%-owned mines in Mexico. Its flagship Guanajuato Mine Complex forms part of the Guanajuato mining district—historically, Mexico's second largest silver-producing region. The precious metals company is generating ~70% of its revenue from silver and 23% from gold. Great Panther is now focusing on an immediate and aggressive increase in production, as well as in resources and reserves while maintaining profitability.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Ash Guglani, Salman Partners
"Great Panther Silver Ltd.'s Q1/13 production totaled 369,624 oz silver and 3,144 oz gold, down substantially from 453,934 oz silver, but up from 2,826 oz gold in Q4/12. . .during the quarter, the company sold 339,874 oz silver and 2,144 oz gold. . .the company's principal objectives remain to improve grade control and lower costs, while maintaining production goals."
Brien Lundin, Gold Newsletter (Jefferson Financial)
"Great Panther Silver Ltd. released Q1/13 operational results. . .those results included increases in metal production that were solid, if not spectacular. Overall silver-equivalent metal production grew 9% to 607,501 oz. . .the company also saw improved base metal production in the first quarter. . .Great Panther looks well positioned for when the precious metals markets find their sea legs."
Heiko Ihle, Euro Pacific Capital
"Great Panther Silver Ltd. announced Q1/13 production results. . .overall Q1/13 Ag eq production increased to 607,501 oz compared with 557,606 oz in Q1/12. . .we consider recent price action in the company's shares a buying opportunity and maintain a Buy recommendation. . .finally, we highlight that the company's strong balance sheet should allow the firm to participate in meaningful and opportunistic acquisitions."
Christos Doulis, Stonecap Securities
Great Panther Silver Ltd.'s Ag eq production was 608 Koz versus 673 Koz in Q4/12 and in-line with management's guidance of 2.4–2.5 Moz Ag equivalent in 2013. . .for investors seeking exposure to silver, we continue to recommend the company's shares as ~70% of the company's revenue is silver based. . .we are maintaining our Sector Perform rating."
The Gold Report Interview with Rick Mills
"Great Panther Silver Ltd. owns two silver mines in Guanajuato, Mexico, and has been increasing production. . .the company put in underground haulage to get Guanajuato ore to the Cata processing plant. When all that is consolidated, I expect this company to start rewarding investors with vastly increased production. . .San Ignacio has a 650m strike length out of a 4km potential on a vein system just 5km west of the Veta Madre structure that hosts the Guanajuato mine complex. Stepout drilling shows excellent silver and gold mineralization, 50–100m below surface. A shaft will not be needed; a ramp will do it. San Ignacio will be in production next year and can be monetized immediately to pay for its development. The ore can easily be trucked to the Guanajuato plant, and the two have similar metallurgy. In addition, the company discovered higher-grade gold mineralization at Guanajuato last year. That will increase silver equivalent ounces with the serious gold kicker.
"El Horcon is another Great Panther project. It is a silver-gold project in a past-producing underground mine with multiple veins. One vein, Diamantillo, is traceable on surface for more than 4km. The mineralization is compatible with the existing mill feed for Guanajuato. Both San Ignacio and El Horcon show awesome potential for satellite feed deposits. We should see lower production costs and more throughput."
Great Panther Silver Ltd. Content
Latest Fact Sheet
Latest Corporate Presentation
Great Panther’s Investor Centre
Great Panther’s Data Centre
GPR's Effort to Aid Wheelchair Donations (1/13/12)
for the Great Panther Google Earth Studio
a Seeking Alpha Interview with Great Panther CEO Bob Archer
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