GREY:GPLDF - Post by User
Post by
rznimrodon Jul 28, 2017 12:44pm
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Post# 26522125
Great Panther Silver Provides Permitting Update
Great Panther Silver Provides Permitting Update VANCOUVER, July 27, 2017 /PRNewswire/ - GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) ("Great Panther", the "Company") announces that, to the best of its knowledge, it has fulfilled the outstanding condition required by SEMARNAT (the Mexican environmental permitting agency) in connection with the Phase II Tailings Storage Facility ("TSF") at its Topia Mine. The Company has resubmitted the permit application and expects a response within 60 business days. This form of federal regulatory response is standard procedure in the environmental permitting process. "We are pleased with the progress on the permitting process at Topia and we will continue working closely with the Mexican authorities to obtain this permit in a timely manner", stated Robert Archer, President & CEO. "During the response period, we plan to continue normal operations at Topia using the existing Phase I TSF." The Company believes that it will be able to obtain this permit without interruption of operations, but advises that the deposition of dry tailings on the Phase I TSF cannot continue indefinitely and the Company cannot assure avoidance of a disruption. In the event there is a change to the Company's production guidance and cost expectations, a timely update will be provided to the market.