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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.


GREY:GPLDF - Post by User

Great Panther Mining Ltd
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Comment by ganndolphon Oct 31, 2019 2:19pm
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Post# 30293263

RE:RE:RE:EPS of -0.02, AISC of 1400 - still unable to make money!

RE:RE:RE:EPS of -0.02, AISC of 1400 - still unable to make money!cyanide5,

I do not believe the financial reporting is accurate based on the reconciliations I have done between the MD&A and the financial report.  The total mining cost at Tucano including processing was reported as $34.2 million USD which works out to $854 USD per ounce on sales of 40,000 ounces.  Adding in the one time back tax payments that were settled in Q3 adds $127 USD/oz for a total of $981 USD per ounce.  Then in the financial report total cost of sales is listed as $41.8 million USD or 1043 USD/oz.

Using that number, with revenue of $58.4 million, the pre tax operating margin at Tucano was $16.9 million USD. That is with a thoughput of 346 tph, and the process plant can handle up to 450 tph.

The bottom line is this report smells like part of a manufactured take down of this stock similar to what happened in the summer of 2015.  I am adding to my position.
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