GPR:TSX; GPL:NYSE.MKT

Great Panther Silver Limited

Great Panther Silver Limited is a primary silver mining and exploration company. The company's current activities are focused on the mining of precious metals from its two wholly owned operating mines in Mexico: the Guanajuato mine complex, which includes the San Ignacio satellite mine, and the Topia mine in Durango. In addition, the Company has recently signed an agreement to acquire a 100% interest in the Coricancha Mine Complex in the central Andes of Peru.
GPR:TSX GPL:NYSE.MKT

Expert Comments:

Management Q&A: View From the Top
Great Panther Silver's modus operandi is to buy a past-producing mine, get it up and running as quickly as possible, and use the cash flow to fund more acquisitions, says CEO Bob Archer in this interview with The Gold Report. Having succeeded in Mexico with Guanajuato and Topia, the company is now taking on Coricancha in Peru.
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Brien Lundin, Gold Newsletter (Jefferson Financial) (3/1/17)
"Great Panther Silver Limited is about to take a major step forward with its purchase of the Coricancha mine in Peru on very favorable terms. This addition could boost the company's annual production by over 70%, beginning next year, and the market has yet to factor this into its projections; this factor makes Great Panther a Strong Buy near current levels."

Heiko Ihle, Rodman & Renshaw (3/1/17)
"During 2016, Great Panther Silver Limited produced 2 Moz silver and 22,238 oz gold for total silver equivalent production of approximately 3.9 Moz, in line with our silver equivalent production estimate of 4 Moz; cash cost per silver equivalent ounce fell to $10.35 from $11.32 the year prior, primarily driven by efficiency improvements and a decline in the Mexican peso. Given these figures, the company reported revenues of $61.9M."

Bhakti Pavani, Euro Pacific Capital (3/1/17)
"For Q4/16, Greater Panther Silver Limited reported revenue/loss per share of $12.5M/($0.01). . .for 2016, the company reported revenue/loss per share of $61.8M/($0.03). . .the cash cost and all-in sustaining cost was below our estimate and Great Panther's revised guidance range in 2016. . .reiterate Buy."

Bhakti Pavani, Euro Pacific Canada (2/22/17)
"Great Panther Silver Limited's underground drilling program yielded successful results at the Guanajuato mine complex (GMC) as the Measured and Indicated increased by 15%. . .overall the updated mineral resource estimate positively favors the NAV of the GMC, in our opinion. We believe the updated mineral resource estimate has increased the mine life of GMC."

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/1/17)
"Great Panther Silver Limited announced in mid-December that it has finally worked out an acceptable agreement to acquire the Coricancha gold-silver-lead-zinc-copper mine and mill complex from subsidiaries of Nyrstar. The closing of this deal is expected this quarter and represents about a 70% potential increase in the company's silver production."

Heiko Ihle, Rodman & Renshaw (1/12/17)
"Great Panther Silver Limited announced 2016 production results. . .we note that overall production totals were slightly hindered by the shutdowns at Topia related to the tailings expansion, and a variety of plant improvements. Overall, we remain impressed that production totals nearly reached our estimate despite the aforementioned capital improvements. . .production should bounce back to over 4 Moz AgEq in 2017—a run rate that we expect to remain consistent. . .Further, we expect a 4 Moz AgEq production rate to remain steady at the firm's Mexican operations, as focus shifts toward potentially advancing the Coricancha Mine."

Production numbers were lower than expected for Q3/16, but analysts following Great Panther Silver remain buoyed both by the company's financial strength and silver output from its Guanajuato Mine Complex.
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The deal Great Panther announced last month to acquire Coricancha in Peru from Nyrstar is getting high marks from one analyst.
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More Expert Comments

Experts Following This Company

Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Bhakti Pavani – Euro Pacific Canada

The information provided above is from analysts, newsletters, the company and other contributors.

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