Great Panther Silver Reports Higher Production for Q3

Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) announced its results for Q3 2015, commenting that its two Mexican silver mines put out 1,080,296 silver equivalent ounces. That’s up 21 percent from the year-ago quarter.
Other highlights include:

• Record gold production: Gold production of 6,079 ounces – a quarterly record;
• On track to exceed 2015 production guidance: Metal production to date in 2015 totals more than 3.1 million Ag eq oz and production for the year is expected to exceed the annual guidance which was increased last quarter to 3.8 to 3.9 million Ag eq oz;
• Higher grades imply continued strong performance on cash cost and all-in sustaining cost. Third quarter financial results will be released on November 4, 2015.

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

Great Panther’s third quarter continued this year’s trend of delivering strong operational performance at the Guanajuato Mine Complex and the Topia Mine. The ongoing ramp up in production at San Ignacio, since commencing commercial production in June of last year, was a major factor in the increase in production over the third quarter of 2014 and also contributed to the higher grades at the GMC. In addition, our team’s pursuit of efficiencies and better grade control is another important factor in the overall stronger operations that are keeping us on track to exceed our guidance for 2015 in terms of both production and lower cash and all-in sustaining costs.

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