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Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) announced its production results for the second quarter of 2015, noting that it achieved record silver production of 648,810 ounces from its two Mexico-based mines.
Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) announced its production results for the second quarter of 2015, noting that it achieved record silver production of 648,810 ounces from its two Mexico-based mines.
Other highlights are as follows:
- Metal production increased 10% and 51%, respectively, to a record 1,088,355 silver equivalent ounces (“Ag eq oz”)
- Silver production rose 9% and 54%, respectively, to a record 648,810 silver ounces (“Ag oz”)
- Gold production increased 13% and 41%, respectively, to a record 5,322 gold ounces (“Au oz”)
- Ore processed decreased 12% and rose 8%, respectively, to 87,476 tonnes
- Full year production guidance increased by 8%, from 3.5 to 3.6 million Ag eq oz to 3.8 to 3.9 million Ag eq oz
Robert Archer, president and CEO of Great Panther, commented:
Great Panther’s quarterly metal production exceeded one million silver equivalent ounces for the first time, including individual records for silver and gold production. While the ramp up in production atSan Ignacio since commencing commercial production in June 2014 is a major factor in the increase in production over Q2 of last year, we continue to make changes necessary to adapt to the current metal price environment and the result has been an improvement in ore grades and overall efficiencies. Silver grades improved at the main Guanajuato Mine and gold grades were significantly higher at San Ignacio. I would like to congratulate our team for achieving this quarter’s milestones and giving us the confidence to raise our production guidance for the year.
Click here to read the full Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) press release.