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Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) released its financial results for the third quarter of 2015, as well as for the first nine months of the year.
Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) released its financial results for the third quarter of 2015, as well as for the first nine months of the year.
Its silver output increased by 4 percent, to 586,918 ounces, while its gold production rose by 45 percent, to 6,079. In all, the company’s metal production increased by 21 percent to hit 1,080,296 silver equivalent ounces.
Other Q3 highlights include:
- Cash cost per payable silver ounce decreased 41% to US$6.50;
- All-in sustaining cost (“AISC”) decreased 32% to US$13.08 per payable silver ounce;
- Revenues increased 31% to $16.8 million;
- Adjusted EBITDA increased to $2.2 million compared to $1.3 million;
- Net loss totalled $3.3 million, compared to a net loss of $1.0 million;
- Cash flow from operating activities, before changes in non-cash net working capital, amounted to $1.6 million, compared to $2.1 million;
- Cash and cash equivalents were $18.7 million at September 30, 2015 compared to $18.0 million at December 31, 2014; and
- Net working capital increased to $34.7 million at September 30, 2015 from $32.9 million at December 31, 2014.
Click here to read the full Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) press release.