13:48:30 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Great Panther Silver Ltd
Symbol GPR
Shares Issued 141,712,605
Close 2015-11-24 C$ 0.63
Market Cap C$ 89,278,941
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Lundin refreshes Great Panther buy

2015-11-24 19:27 ET - In the News

Brien Lundin, in the November, 2015, edition of the Gold Newsletter, refreshes his buy of Great Panther Silver Ltd., recently 63 cents. Mr. Lundin said buy 13 times from October, 2005, to September, 2015, at prices ranging from 21 cents to $2. Assuming a $1,000 investment for each of the 13 buys, the $13,000 position is now worth $10,601. Mr. Lundin says Great Panther, a Mexican silver producer, is putting up a good fight against low metal prices. Although it posted a $3.3-million net loss in the third quarter of 2015, compared with a $1.1-million net loss a year earlier, revenue rose to $16.8-million from $12.8-million and production rose to 1.08 million ounces of silver equivalent from 890,641 ounces. As well, cash costs per silver ounce and all-in sustaining costs fell by 41 per cent and 32 per cent, respectively. Mr. Lundin takes encouragement from these numbers and reckons that they bode well for Great Panther's profits once metal prices turn around. He is also excited about the company's exploration potential. By year-end, Great Panther will have drilled 29,700 metres to explore its Guadalupe de los Reyes and Coricancha projects and its flagship Guanajuato mining complex. The stock is a buy at current levels.

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