Great Panther Announces Record 2014 Metal Production

Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) announced its results for Q4 2014, as well as 2014 as a whole. The company is producing at its Guanajuato Mine Complex, which includes the San Ignacio and Topia mines.

As quoted in the press release:

2014 Operations Highlights (Compared to 2013)

• Achieved record metal production of 3,187,832 silver equivalent ounces (‘Ag eq oz’), a 12% increase
• Silver production increased 11% to a record 1,906,645 silver ounces (‘Ag oz’)
• Gold production rose 5% to an annual record of 16,461 gold ounces (‘Au oz’)
• Ore processed increased 18% to a record 335,199 tonnes

Fourth Quarter 2014 Operations Highlights (Compared to Fourth Quarter 2013)

• Metal production increased 19% to a record 911,048 Ag eq oz
• Silver production was up 13% to 550,010 Ag oz
• Gold production rose 24% to a record 4,822 Au oz
• Ore processed increased 33% to a quarterly record of 92,574 tonnes

Robert Archer, president and CEO of Great Panther, commented:

After a difficult start to the year, our team did an outstanding job of recovering and delivering record silver and gold production in 2014. We successfully brought the San Ignacio Mine into production this past year and discovered further high grade silver-gold mineralization there in the fourth quarter. We will be focusing on this area in 2015 and expect San Ignacio to play an increasingly important role in our overall growth. Topia also delivered strong and consistent operating results throughout 2014. Going forward, we will continue to focus on operational efficiencies and grade control with the objective of further optimizing our mining operations and reducing production costs.

Click here to read the full Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) press release.