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Great Panther Silver Ltd.

Great Panther Silver Ltd. 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. The company also has two exploration projects in Mexico, El Horcon and Santa Rosa, and is pursuing additional mining opportunities in the Americas.

Expert Comments:

Heiko Ihle, H.C. Wainwright & Co. (4/16/15)
"Great Panther Silver Ltd.'s overall production for Q1/15 rose to 597,111 oz silver and 4,703 oz gold, for a record of 987,887 oz silver equivalent. . .we attribute the strong increase in production to the continued ramp-up at San Ignacio in addition to operating outperformance at Topia during the quarter. . .we are reiterating our Buy rating and $1.10/share price target."

Brien Lundin, Gold Newsletter (Jefferson Financial) (3/26/15)
"Great Panther Silver Ltd. remains in reasonably solid financial condition. . .in addition, management has positioned the company so it has no debt and strong working capital. . .management expects San Ignacio to support growth in 2015."

Heiko Ihle, H.C. Wainwright & Co. (3/6/15)
"Great Panther Silver Ltd. announced FY14 financial results. . .produced 1.9 Moz silver and 16,461 oz gold for a record total of 3.2 Moz Ag eq. . .we continue to expect overall production levels at San Ignacio to increase as the mine becomes a larger part of operations at the Guanajuato Mine Complex. We currently expect the firm to shift focus toward the higher-grade areas at San Ignacio in 2015, which should aid both grades and overall cash costs going forward. . .the firm ended 2014 with $18.0M in cash and no debt, which we believe provides a sufficient buffer to weather the downturn in prices."

Deborah Sterescu, Proactive Investors (3/5/15)
"Despite a difficult start to the year, Great Panther Silver Ltd. reported a strong finish in 2014, reflecting the start of production at the company's San Ignacio satellite mine in Mexico as well as new high-grade discoveries. . .Great Panther recently agreed to buy Cangold Ltd. in a CA$1.7M all-share deal, which will expand the precious metal producer's asset base in Mexico, and add a new project in Canada's Red Lake district."

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/26/15)
"Great Panther Silver Ltd. won't lack for precious metals to mine anytime soon. The relatively high grades involved and the fact that most ounces are being added near existing infrastructure bodes well for the company's future, especially if gold and silver prices move higher long term. It remains one of our list's more valuable holds."

Deborah Sterescu, Proactive Investors (2/26/15)
"Great Panther Silver Ltd. has agreed to buy Cangold Ltd. in a CA$1.7M all-share deal, which will expand the precious metal producer's asset base in Mexico, and add a new project in Canada's Red Lake district. . .Great Panther has proven its expertise in building up mines in Mexico, just earlier this week bolstering the mineral resource estimate at its new San Ignacio satellite mine, which forms part of its Guanajuato mine complex. It increased indicated resources by more than 30%, and more than doubled the Inferred resources."

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