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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

Bullboard Posts
Comment by goldeggson Apr 28, 2006 1:17am
464 Views
Post# 10761095

RE: which is better?

RE: which is better?I considered owning physical silver but chose silver producer companies for the following reasons: While neither item is immune from price decline, stocks can be sold in seconds. As posted eralier, the buy-sell spread for physical silver (especially coins) consumes much of any potential gain. Good silver mines can still generate profits and appreciate at lower silver prices, reducing downside risks. Should a price spike occur as I expect, the leverage of large deposits works wonders. If the doomsday scenarios actually happen, other things would likely be more important than physical silver (food for example). The world will not stop entirely so I do not forsee silver coins saving me. Eliminating all debts should be the first priority so nobody can take away what you do have. If you owe paper dollars, you must obtain paper dollars. What will happen to your silver if you are going bankrupt?? There are no guarantees with anything though. Best of luck.
Bullboard Posts