Brien Lundin, in the November, 2012, edition of the Gold Newsletter, refreshes his buy of Great Panther Silver Ltd., recently $1.94. Mr. Lundin said buy 10 times between October, 2005, and September, 2012, at prices ranging from 21 cents to $2. Assuming an investment of $1,000 for each buy, the $10,000 position is now worth a splendid $25,392. In the third quarter, Great Panther produced 592,586 ounces of silver equivalent (made up of silver, gold, lead and zinc), in total, from its Guanajuato and Topia mines in Mexico. At the Guanajuato mine, which contributed 411,959 ounces of silver equivalent, ore grades increased by 32 per cent to 321 grams per tonne silver equivalent. Mr. Lundin notes the company has decreased its 2012 guidance to the range of 2.2 million to 2.4 million ounces of silver equivalent, from the range of 2.5 million to 2.75 million ounces. The company's combined output from the first three quarters is 1.7 million ounces of silver equivalent. The editor says even with the guidance decrease, he remains confident in the company's prospects. Indeed, he expects all of the primary silver producers on his buy list to perform well over the next 12 months. Buy Great Panther on weakness.
© 2017 Canjex Publishing Ltd. All rights reserved.