22:42:45 EDT Thu 25 Apr 2024
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Great Panther Silver Ltd
Symbol GPR
Shares Issued 139,562,040
Close 2015-03-16 C$ 0.71
Market Cap C$ 99,089,048
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Lundin says hold Great Panther

2015-03-16 22:07 ET - In the News

Brien Lundin, in the March, 2015, edition of the Gold Newsletter, says hold Great Panther Silver Ltd., recently 76 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 $11,299. The company recently released an updated resource estimate for its San Ignacio mine, part of the Guanajuato mine complex in Mexico. The updated estimate increases the indicated category by 31 per cent to 2,351,000 silver-equivalent ounces and the inferred category by 162 per cent to 9,897,000 silver-equivalent ounces. Mr. Lundin says the indicated ounces came from the mine's Intermediate and Melladito veins, while the inferred ounces came from these two veins, plus the Melladito 2, Melladito 3, Nombre de Dios and Nombre de Dios II veins. Robert Archer, Great Panther's chief executive officer, attributes the increase in the resources at San Ignacio to the discovery of wider zones of higher-grade silver and gold in late 2014. Mr. Lundin says the company will continue exploring San Ignacio in 2015 to expand the resource further. He concludes Great Panther is one of his list's more valuable holds.

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