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, Rodman & Renshaw (7/18/16)
"Great Panther Silver Ltd. announced 2Q16 production results. During the quarter, the firm produced 536,726 ounces of silver and 6,010 ounces of gold for total silver equivalent production of just over 1.0 Moz—in line with our 2Q16 estimate of approximately 1.0 Moz AgEq. . .In our view, increased tonnage from San Ignacio paved the way for a 7% QoQ increase in gold production, which more than offset a slight dip in silver production during the quarter; we currently expect production rates to remain stable. . .We are maintaining a Buy rating while increasing our price target to $2.25/share."

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/15/16)
"Great Panther Silver Ltd. reported its Q1/16 earnings earlier this month. . .metal production for the quarter increased to 1,009,828 silver eq ounces, a 2% improvement over Q1/15. . .there was positive news on the cost containment front. Cash costs decreased by 52% on a year-over-year basis to US$4.20 per payable silver ounce. . .cash flow remained positive at CA$4M. . .Great Panther's share price remains up strongly from its early January levels. . .I think the precious metals markets may provide the company with a further lift in the back half of the year."

Bhakti Pavani, Euro Pacific Capital (5/6/16)
"Great Panther Silver Ltd. reported Q1/16 revenue of CA$18.5M versus our estimate of CA$18.2M. The higher-than-expected revenue can be primarily attributed to the higher-than-expected average realized price of silver and gold. . .the company reported an impressive performance on the cost front as both the cash cost and all-in sustaining cost of US$4.20/oz and US$9.25/oz were significantly below our estimate of US$6.76/oz and US$14.40/oz, respectively. . .we are reiterating our Buy rating on the stock."

Heiko Ihle, Rodman & Renshaw (5/6/16)
"Great Panther Silver Ltd.'s mine operating performance in Q1/16 delivered both production of 1 Moz Aq eq and cash costs of just $4.20/ounce, beating our previously lowered consolidated cash cost estimate of $6.50/oz and well below management guidance of $5.00–7.00/oz. . .costs continue to trend lower across Great Panther's asset base, particularly at the Guanajuato Mine Complex due to sustained higher gold grades at San Ignacio. In the wake of gold grades reaching 2.58 g/t at the GMC during Q1/16, we are increasing our average gold grade across the mine to 2.4 g/t from 2.1 g/t."

"Great Panther Silver Ltd. is up 505% since we recommended it in January. . .it grew its production by about 30% last year. This is a year where it is consolidating that production, but that additional production is also going to significantly leverage the company as metals prices rise. So I really like Great Panther. President and CEO Bob Archer has done a wonderful job of growing that company over the past 10 or so years. It's in the absolute sweet spot for rising metals prices right now, and it's always on the lookout for new projects and new mines to acquire. I don't think it's going to be limited to silver going forward; its recent production actually had a growing gold component to it. So it benefitted initially from the rise in gold, and it will also benefit from the rise in silver prices. . .as a producer, increases in gold and silver will have a dramatic and immediate effect on it value, going straight to the bottom line." read more >

Brien Lundin, Gold Newsletter (Jefferson Financial) (4/28/16)
"Silver producers like Great Panther Silver Ltd. have had a good start to the year. . .the company almost tripled the trading levels it was experiencing in January. . . while silver production was down 10% to 539,472 oz, increased gold production of 5,599 oz allowed Great Panther to post a small gain on a silver-eq basis. . .the company just announced an at-the-market offering that could raise as much as $10M in gross proceeds. . .we'll gladly keep [Great Panther] as a hold, given its proven ability to operate as a lever on rising precious metals prices."

More Expert Comments

Experts Following This Company

Christopher Ecclestone, Equities Strategist – Hallgarten & Co., MEDITERRANEAN RESOURCES LTD., Geodex Minerals Ltd.
Ash Guglani, Analyst – Salman Partners
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Bhakti Pavani – Euro Pacific Canada
Florian Siegfried, Senior Portfolio Manager – AgaNola
Jay Taylor, Author Gold, Energy & Tech Stocks

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

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