18:43:56 EDT Thu 28 Mar 2024
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Great Panther Silver Ltd
Symbol GPR
Shares Issued 166,937,734
Close 2017-04-04 C$ 2.28
Market Cap C$ 380,618,034
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Great Panther's Archer to resign as president, CEO

2017-04-05 09:53 ET - News Release

Mr. Spiros Cacos reports

GREAT PANTHER SILVER ANNOUNCES MANAGEMENT CHANGES

Great Panther Silver Ltd.'s Robert Archer, president and chief executive officer, has advised that he will be stepping down during 2017 and will work with the board of directors to find his successor. Accordingly, the board has retained a globally recognized recruitment firm to conduct an executive search for a new president and CEO who will maximize the company's growth opportunities over the next five to seven years. Mr. Archer will remain in his current executive role until a suitable successor has been appointed, and thereafter as a continuing member of the board.

Mr. Archer co-founded Great Panther Silver in 2004 and has led the company's successful growth into a respected primary silver producer. He has positioned the company with a strong balance sheet, a strong base of operations in Mexico and significant growth opportunity in Peru. In this regard, the company is well placed to capitalize on growth opportunities with its existing assets and through acquisitions. "As Great Panther embarks on the next phase of its growth into a mid-tier producer, I believe that this is the right time for the company to transition to new leadership," stated Mr. Archer.

In addition, the company has appointed Samuel Mah, PEng, to the new position of vice-president, corporate development. The creation of this role reflects the company's continued focus on acquisitions to execute on its growth strategy. Mr. Mah has more than 20 years of experience in the mining industry, and was most recently employed at Silver Wheaton Corp. as senior director, project evaluations, where he was responsible for the technical appraisal and due diligence review for its streaming deals. During his tenure of more than eight years, he evaluated over 300 projects and mines spread across 43 countries. Prior to Silver Wheaton, Mr. Mah held engineering roles with AMEC Americas (metals and mining), SRK Consulting (Canada) Inc., Goldcorp Inc. and Placer Dome Inc. (now Barrick Gold Corp.). Mr. Mah is a registered professional engineer, and holds a bachelor of applied science in mining and mineral process engineering and a master of applied science degree, both from the University of British Columbia.

About Great Panther Silver Ltd.

Great Panther Silver's current activities are focused on the mining of precious metals from its two wholly owned operating mines in Mexico: the Guanajuato mine complex, which includes the San Ignacio mine, and the Topia mine in Durango. In addition, the company has recently signed an agreement to acquire a 100-per-cent interest in the Coricancha mine complex in the central Andes of Peru.

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