12:52:26 EDT Thu 28 Mar 2024
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Great Panther Silver Ltd
Symbol GPR
Shares Issued 139,562,040
Close 2015-02-18 C$ 0.81
Market Cap C$ 113,045,252
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Lundin says hold Great Panther

2015-02-18 21:16 ET - In the News

Brien Lundin, in the February, 2015, edition of the Gold Newsletter, says hold Great Panther Silver Ltd., recently 85 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 $12,637. In 2014, the company produced 3,187,832 silver-equivalent ounces, an increase of 12 per cent from 2013. Mr. Lundin says the company also recently reported good news about its exploration program at San Ignacio, a satellite mine to the company's Guanajuato mine in Mexico. The newsletter editor says Great Panther drilled more than 3,700 metres at San Ignacio. He highlights hole 140, where the company drilled 11.7 metres of 4.99 grams per tonne gold and 194 g/t silver. Mr. Lundin notes that the assays were so encouraging that management has decided to turn the focus of its mine plan to developing a new zone. He concludes that the company needs a sharp turnaround in silver prices before it can resume its status in his portfolio as a highly levered play on silver. For now, Great Panther remains a hold.

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