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Great Panther Silver Limited (TSX:GPR) released the financial results for the second quarter of 2012, reporting a revenue of $14.4 million, an increase of 69% since the second quarter of 2011.
Great Panther Silver Limited (TSX:GPR) released the financial results for the second quarter of 2012, reporting a revenue of $14.4 million, an increase of 69% since the second quarter of 2011.
Robert Archer, CEO of Great Panther Silver, commented:
While we are pleased with our revenue growth, gross profit was significantly impacted by lower silver prices and an increase in depreciation charges due to the substantial investments made in our mines, plant and equipment over the last year. Looking ahead, there are a number of positive operational developments that we anticipate will contribute to Great Panther’s growth in production in the second half of 2012.
Click here to read the full press release.
