09:05:30 EDT Tue 16 Apr 2024
Enter Symbol
or Name
USA
CA



Great Panther Silver Ltd
Symbol GPR
Shares Issued 163,450,284
Close 2016-08-12 C$ 1.88
Market Cap C$ 307,286,534
Recent Sedar Documents

Lundin says hold Great Panther

2016-08-12 21:00 ET - In the News

Brien Lundin, in the August, 2016, edition of the Gold Newsletter, says hold Great Panther Silver Ltd., recently $1.91. Mr. Lundin said buy 13 times from October, 2005, to September, 2015, at prices ranging from 21 cents to $2. A $1,000 investment for each of the 13 buys is now worth $32,141. Great Panther has released its second quarter production results from its silver mines in Mexico. It produced 1.03 million ounces of silver equivalent, down from 1.08 million a year earlier. Mr. Lundin says the drop is not surprising in light of the company's efforts to contain costs. For the full year, Great Panther continues to expect production of four million to 4.2 million ounces, though there is one caveat: a possible disruption at its Topia mine later this year might hurt production slightly. Mr. Lundin is unfazed. He says the overall operations are "chugging along" nicely and Great Panther's treasury is in equally good shape, with the company recently raising $26-million (U.S.) by issuing 16.25 million units at $1.60 (U.S.). Each unit contains one share and half a warrant, with each whole warrant exercisable at $2.25 (U.S.) a share for 18 months. Great Panther is a hold at current levels and a buy on significant weakness.

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