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.

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Great Panther Mining Ltd

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Post by AngelEyes3on Aug 06, 2020 12:29am

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Post# 31370731

Remember What the company did

In Feb 2020 the company did a big mistake by not taking advantage of the positive move in the US dollar which caused them to obtain a lower gold price in Brazilian Real.

the Company has established a forward purchase position in the Brazilian real ("BRL") taking advantage of recent weakness that saw the BRL reach historic lows to the US dollar ("USD").

This has caused a major drag on earnings until this position expires since the Real has fallen greatly relative to the US dollar. We would have had better profit margins if they did not take these actions.

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