20:48:45 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Great Panther Silver Ltd
Symbol GPR
Shares Issued 141,712,605
Close 2015-06-11 C$ 0.56
Market Cap C$ 79,359,059
Recent Sedar Documents

Lundin says hold Great Panther

2015-06-11 22:44 ET - In the News

Brien Lundin, in the June, 2015, edition of the Gold Newsletter, says hold Great Panther Silver Ltd., recently 70 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 $10,407. In the first quarter of 2015, the company had record production of 987,887 silver-equivalent ounces, a 48-per-cent increase from the first quarter of 2014. Great Panther also earned a net income of $3.6-million on revenue of $20.3-million, up from a loss of $600,000 on revenue of $12.88-million in the first quarter of 2014. Mr. Lundin notes that part of the reason the financial results in the first quarter of 2015 are so impressive is because Great Panther had operational challenges in the first quarter of 2014. The company has all-in sustaining costs ranging from $18.50 to $19.85 per ounce of silver, so profitability in the upcoming quarters is not a sure thing. Great Panther also recently signed an agreement to acquire the Coricancha mine complex in Peru for up to $12-million (U.S.) cash and $5-million (U.S.) in exploration, payable in stages. Mr. Lundin says the acquisition is a bold move and could add substantial value to Great Panther, which remains a hold.

© 2024 Canjex Publishing Ltd. All rights reserved.