Great Panther Silver (TSX: GPR; NYSE MKT: GPL) (“Great Panther”; the “Company”) announces production results for the third quarter (“Q3”) 2017 from its two wholly-owned Mexican silver mining operations: the Topia Mine in Durango and the Guanajuato Mine Complex (“GMC”), which includes the San Ignacio Mine.
James Bannantine, President & CEO said:
“Great Panther delivered good production results in the third quarter. The results are consistent with the previous quarter and fall in line with the Company’s annual guidance. The increase in gold production compared to the second quarter 2017 is a direct result of the improved gold grades and recoveries.”
Guanajuato Mine Complex
Total metal production for the GMC was 755,008 Ag eq oz, which represents a modest 1% increase over the previous quarter, but a decrease of 4%, when compared to the same quarter in the previous year. The decrease is attributed to lower tonnes milled due to narrower than anticipated veins at the San Ignacio mine and lower silver grades. These factors were partly offset by improved gold grades and recoveries.