GPR: Silver Junior with Giant Potential

Crisis Profit Hunter (11/02/2009)
"When gold and silver prices pull back, I like to buy precious metals and the companies that mine them—and you probably do, too. But when you get that pullback, what do you buy?

One that I like is Great Panther Resources. Great Panther is a Canadian miner operating primary silver mines in Mexico, with some gold and base metals also in the mix. I've visited their projects at Guanajuato and Topia in the past, and I was very impressed by what I saw.

Recently, Great Panther has announced a parade of good news. Production is booming, mining costs are dropping, and the company has 'blue-sky' potential in new zones it is exploring. . .here's the good news that Great Panther reported recently for its third quarter:
  • Metal production for the quarter came in at 597,057 silver equivalent ounces, an increase of 34% from the year-earlier quarter and a new company record.
  • At the same time, silver production hit 398,811 ounces, an increase of 41% from the year-earlier quarter and another new record.
  • Gold production of 1,951 ounces, an increase of 36% year-over-year, and a third company record.
Resources are growing, costs are going down and, as a result of all this, revenues are soaring.

. . .My Red-Hot Global Small-Caps subscribers are already in this stock. If you're thinking of adding it to your own portfolio, do your own due diligence. Also, be aware that this stock doesn't have high volume, so you'll probably want to enter it in stages."

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