11:08:26 EDT Fri 19 Apr 2024
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Great Panther Silver Ltd
Symbol GPR
Shares Issued 139,541,040
Close 2014-11-28 C$ 0.89
Market Cap C$ 124,191,526
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Lundin says hold Great Panther

2014-11-28 20:33 ET - In the News

Brien Lundin, in the November, 2014, edition of the Gold Newsletter, says hold Great Panther Silver Ltd., recently 77 cents. Mr. Lundin said buy Great Panther 12 times between October, 2005, and June, 2014, at prices ranging from 21 cents to $2. Assuming a $1,000 investment for each of the 12 buys, the $12,000 position is now worth $11,448. The company increased its silver-equivalent production to 890,641 ounces in the third quarter of 2014, an increase of 13 per cent from the third quarter of 2013. Mr. Lundin compliments the company for its solid numbers, noting it was a record quarter for production. As well, the company recently released high-grade assays from the first six holes of a drilling program at its San Ignacio silver property in Mexico. The newsletter editor says the latest results should give management confidence to add significant ounces to the south of the current resource block at San Ignacio. Mr. Lundin tells his readers that he likes to recommend silver plays in Mexico because in rising silver markets they provide him with excellent leverage potential. Considering the current market, however, he has decided to keep a hold on Great Panther.

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