Great Panther Mining Ltd GPLDF

Metals & Mining Gold

Great Panther Mining Limited is a Canada-based precious metals producer focused on the operation of the Tucano Gold Mine in Brazil. The Company controls a land package covering nearly 200,000 hectares in the prospective Vila Nova Greenstone belt. The Company has three wholly owned mining operations including the Tucano gold mine, which produces gold dore and is located in Amapa State in northern Brazil. In Mexico, Great Panther operates the Topia mine in the state of Durango, which produces concentrates containing silver, gold, lead and zinc, and the Guanajuato Mine Complex (the GMC) in the state of Guanajuato. The GMC comprises the Guanajuato mine, the San Ignacio mine, and the Cata processing plant, which produces silver and gold concentrates. The Company also wholly owns the Coricancha Mine Complex, a gold-silver-copper-lead-zinc mine and processing facility in the central Andes of Peru. It has a portfolio of exploration projects: El Horcon property, Santa Rosa, and Plomo property.

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Great Panther Mining Ltd > Once the CFO stops trying to be cute in the FX market

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Post by Rational43on Jan 20, 2021 11:49pm

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Post# 32342048

Once the CFO stops trying to be cute in the FX market

This company is making a lot of money, which is being masked by Executive trying to be cute by messing around in the FX trading market.

The good news is with USDBRL coming down, the MTM on the currency contracts will lead to a gain for Q4, letting the companies true profitability show.

Better yet, the company's dumb betting on currency markets is coming to an end so the damage is done, and the lesson, as painful as it was, was hopefully well learned.

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