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Great Panther Mining Ltd GPLDF

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.


GREY:GPLDF - Post by User

Post by AngelEyes3on May 30, 2021 9:47pm
453 Views
Post# 33294801

Yes you are correct about the currency hedge

Yes you are correct about the currency hedgeYes they made a great error regarding the currency hedge when they first purchased the mine. It did work against them. But the issue is that they are producing a product that will protect peoplle against inflation caused by the central banks. Getting ones savings into gold and silver is wise at this point in time. I must admit that they should start an additional pit in a more stable area for future rainy seasons. According to the company news relase regarding exploration in 2020 they state that they were successful in extending the pit mine liife at Tucano and added significant resources. So not sure why you stated the opposite point of view. Please remember the previous owners never had the funds to invest into exploration because they were not making any profits. So what is your point here to drive the share price down? Yes all mining has issues and this one is no exception. But they have turned it around and they need to do addtional exploration on their land package. From what I see here the share price has moved down in last years August gold move. But as a peculation with potential this one is one of my key investments because the share price is undervalued at the moment in regards to where I see silver and gold going towards the end of the year. Remember all boats rise with the tide. Good luck to all the longs
Cheers
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