Great Panther Mining (TSX:GPR; NYSE:GPL) is a precious metal producer and exploration company operating in Latin America, exploring deposits in Brazil, Peru and in one of Mexico’s historically prolific mining districts. The Guanajuato mining district has produced over one billion ounces of silver in roughly 400 years.
Through Great Panther Mining’s (GPR) acquisition of Beadell Resources Limited, the company acquired the producing Tucano mine in Brazil. The Tucano mine is the second largest gold producer in Brazil, generating approximately 145,000 ounces of gold annually. GPR is continuing its exploration at Tucano with the intent of extending the mine’s life and has generated a pipeline of targets within 20 kilometers of the plant. GPR also has three operational mines in Mexico: the Guanajuato Mine Complex (GMC) and San Ignacio mine in the state of Guanajuato and the Topia mine in the state of Durango. Great Panther Mining (GPR) is also exploring its other Mexican properties: Santa Rosa and El Horcón.
Great Panther Mining Highlights
- Tucano mine is the second largest gold producer in Brazil, producing approximately 145,000 ounces of gold annually.
- Upgrading facilities to increase head grade and recovery rates.
- Exploration ongoing with pipeline of in-mine and regional targets to extend life of mine.
- Strong infrastructure supports GPR’s projects in the Mexican states of Guanajuato and neighboring Durango
- Access to multiple mining projects gives flexibility to open and close projects as needed
- Operating two mines and two exploration projects in historically producing regions of Mexico
- Coricancha Mine PEA outlined an average annual production of three million ounces of silver equivalent with a head grade of 768 g/t silver equivalent
- Coricancha Mine PEA included a NSR of $295 per tonne and an after-tax IRR of 81 percent and an after-tax NVP (7.5 percent) of $16.6 million
- GPR is debt-free