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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

Post by cyanide5on Oct 19, 2020 5:39pm
295 Views
Post# 31745269

This is getting a bit nerve wrecking!

This is getting a bit nerve wrecking!this is my biggest holding and i was hoping it would hold the 1.1-1.2 area before next leg up... 

production was decent albeit i expected them to produce another 2-3K ounces in Q3 with total production around 42K which would have been great. 

We need some news on drill results. Last we got was back in July and its been 3-4 months since and crickets... would be nice to see that they have more ounces and are able to replace and add to reserves... thats imperative and thus the dicount to peers. 

High gold prices are definitely helping because if it wasnt for that, it could have been the demise for GPR where we were back in Feb/March of this year. 

MGMT really needs to sort things out and extend the mine life for Tucano... the acquistion wouldnt be worth it if they cant atleast extend the mine life by 5-6 years from here as they have burnt so much money turning the operations around. Now is the time to reap some benefits while reigning in the costs or at least maintaining them!! 

wish i had sold a few more shares in hindsight but i was hoping for 1.5 and then 2 dollars CAD at minimum by Dec... still possible but definitely a painful consolidation as gold and miners prices are slowly dragging down for last 1-1.5 months!
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