Great Panther Silver Reports Record Quarterly Net Income of $7 Million

Great Panther Silver Ltd. (TSX:GPR,AMEX:GPL) announced financial results for first quarter 2011.

The press release is quoted as saying:

Increase in cash cost per silver ounce, net of by-products, for the first quarter of 2011 to US$10.05 from US$6.72 for the first quarter of 2010. This was principally due to higher smelter charges arising from new smelter contracts at our Topia mine.

Click here to read the entire news release.