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Great Panther Announces Temporary Suspension of Mexican Operations

Mining News - Published on Mon, 06 Apr 2020

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Great Panther Mining Limited announced that it has initiated an orderly and safe suspension of mining and processing activities at the Guanajuato Mine Complex and the Topia Mine until April 30, 2020. The suspension complies with the directive of the Mexican Federal Government announced on March 31, 2020 to mitigate the spread of COVID-19. The Company has begun ramping down activities at both the GMC and Topia mines and will retain only essential personnel during the suspension period, following strict health and safety protocols while ensuring environmental monitoring and security of these operations. Some administrative and technical staff will continue to work from home.

Monthly production from Great Panther's Mexican operations accounts for approximately 2% of annual consolidated production on a gold equivalent ounce basis, and the Company's Tucano Mine in Brazil accounts for the remainder of production.

Mining and processing operations at the Tucano Mine continue uninterrupted at this time. The Company has been in dialogue with the relevant government authorities, including communication regarding the enhanced safety protocols that have been implemented to mitigate the risk of COVID-19 infection at Tucano and surrounding communities. The Company has prepared contingency plans in the event that there is a full or partial shutdown and is prepared to act quickly to implement them.

There are no confirmed or suspected cases of COVID-19 across the Company's global mining operations, projects, and corporate offices.

Great Panther Mining Limited is an intermediate gold and silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL. Great Panther's operations include the Tucano Gold Mine in Brazil, and the Topia Mine and Guanajuato Mine Complex, comprising the San Ignacio and Guanajuato mines, in Mexico. It also owns the Coricancha Mine in Peru which is currently on care and maintenance.

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Posted By : Rabi Wangkhem on Mon, 06 Apr 2020
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