Great Panther Silver (TSX:GPR, Stock Forum) announced Q2 2014 production results today from its 100% owned Mexican silver mining operations, Guanajuato and Topia.
According to the news release, the company upped ore processing 20% to a record 80,964 tonnes at the two operations with both silver and gold production rising 6% during the quarter.
Production of silver equivalent also grew 6% showing the same increase over the matching 2013 quarter and an 8% increase over Q1 2014. This increase was mostly due to elevated mill throughput at both mines combined with better silver grades from the Guanajuato Mine Complex over the first quarter as operations fully resumed after disruptions in the first quarter.
The start of commercial production at San Ignacio in June and the provision of pre-production development ore also contributed to the increased throughput and metal production.
Company president and CEO, Robert Archer, commented on the quarterly production increases, “We saw a steady improvement at Guanajuato through the quarter and were very pleased to initiate commercial production on schedule at San Ignacio, a new satellite operation of Guanajuato.”
He then concluded, “We anticipate that production growth will continue, especially as we ramp up production at San Ignacio.”
Great Panther Silver was in the news recently when the company announced an update to mineral resources at San Ignacio mine eight days ago.
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