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Great Panther Mining Ltd
Symbol GPR
Shares Issued 355,032,512
Close 2021-02-04 C$ 1.07
Recent Sedar Documents

Globe says "plenty" of upside seen at Great Panther

2021-02-05 07:28 ET - In the News

The Globe and Mail reports in its Friday, Feb. 5, edition that Red Cloud Securities analyst Jacob Willoughby began coverage of Great Panther Mining ($1.07) with a "buy" rating on Thursday, seeing "plenty" of upside and good optionality at its Tuscano mine in Brazil. The Globe's David Leeder writes in the Eye On Equities column that Mr. Willoughby set a $1.90 share target, exceeding the $1.70 consensus. Mr. Willoughby says in a note: "Great Panther's growing gold and silver portfolio includes three operating mines located in Brazil and Mexico as well as one near-term development asset in Peru. ... The company has managed to meet its consolidated 2020 guidance of 146-158k oz Au Eq at AISC of $1,150-1,250/oz sold. The company remains growth focused, and we expect that a large portion of the company's value remains in exploration, particularly at Tucano where GPR has committed $7-million in exploration budgeting in 2021. The constant focus on continuous improvement at its operating mines, combined with the development of the underground option at Tucano and the transition of the Coricancha asset from care and maintenance into production should also drive future growth."

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