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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 ganndolphon Oct 20, 2019 9:04pm
198 Views
Post# 30249640

RE:Comments

RE:Comments
Elgounakid,
 
A total loss of production scenario is impossible at Tucano, because the mine was formerly a heap leach operation, so the 10,800 tpd process plant could happily produce 20,000 ounces per quarter just processing tailings from the heap leach with ZERO mining going on.
 
As far as production in Mexico is concerned it is steady state at around 10,000 ounces of gold equivalent per quarter, and with each of the 2 silver mines making $2 million USD in profit at current gold prices. So there is no surprise there as well.
 
IMHO, GPL reports a nice profit in Q3 2019, and a better profit in Q4 2019, as I expect gold prices to surge at least another $200 USD/oz by the end of Q4.
Bullboard Posts