Great Panther Mining Ltd GPLDF

Great Panther Silver Reports Fourth Quarter and Annual 2018

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https://www.stockhouse.com/news/press-releases/2019/01/08/great-panther-silver-reports-fourth-quarter-and-annual-2018-production-results

HIghlights:

OUTLOOK

As noted, Great Panther has initiated a further restructuring at GMC to shift all production to the San Ignacio Mine for 2019 with the objective of further reducing unit costs.  In addition, a focused 2019 exploration program at the Guanajuato Mine is underway with the objective of outlining blocks of higher-grade mineralization with geological and grade continuity.  This is expected to contribute to a new GMC mine plan for 2020 and future years with improved economics and sustainability in lower metal price periods.

The Company is also evaluating initiatives to further increase production at the Topia Mine and expects to release the 2019 production and cost guidance in the next two weeks after completing detailed engineering assessments for increasing production at Topia and finalizing revised GMC mine plans to account for the restructuring.

The Bulk Sample Program ("BSP") at the Coricancha Mine in Peru continues to advance on schedule and deliver positive results on key mining parameters.  The BSP is expected to be completed before the end of the current quarter at which time the Company expects to be in a position to make a production decision.

Great Panther is now well advanced towards the closing of its acquisition of Beadell Resources Limited ("Beadell"), the 100% owner of the Tucano Gold Mine in Brazil.  The respective shareholder votes for Great Panther and Beadell are scheduled for February 11^th and February 12^th, and the transaction is expected to close within two or three weeks following the shareholder votes on completion of final regulatory approvals.

The acquisition of Beadell will create a new growth-oriented intermediate precious metals producer focused on the Americas.