19:43:51 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Great Panther Silver Ltd
Symbol GPR
Shares Issued 167,947,421
Close 2017-09-26 C$ 1.55
Market Cap C$ 260,318,503
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Lundin refreshes Great Panther buy

2017-09-26 21:40 ET - In the News

Brien Lundin, in the September, 2017, edition of the Gold Newsletter, refreshes his buy of Great Panther Silver Ltd., recently $1.72. Mr. Lundin said buy 15 times from October, 2005, to July, 2017, at prices ranging from 21 cents to $2. Assuming a $1,000 investment for each of the 15 buys, the $15,000 position is now worth $30,898. Great Panther recently decided to expand beyond its core silver mining operations in Mexico by acquiring a project in Peru. That project is the past-producing Coricancha deposit, which Great Panther bought in July. It previously had Coricancha under option from mid-2015 to mid-2016. During the option period, it completed a 33-hole drill program, with highlights that included 0.53 metres of 10.46 grams per tonne gold, 388 g/t silver, 1.64 per cent copper, 0.53 per cent lead and 2.86 per cent lead. Mr. Lundin says these intersections bear similarities to those that Great Panther has encountered at its Mexican assets. These assets are currently operating on the very edge of profitability, but will turn lucrative quickly once silver prices head higher, reckons Mr. Lundin. He adds that the Peruvian project adds "a substantial amount of blue sky" in the meantime. Great Panther remains a buy.

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