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Great Panther Silver reports Q2 production results

Mining News - Published on Thu, 12 Jul 2018

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Great Panther Silver Limited announced that production results for the second quarter 2018 from its two wholly-owned Mexican silver mining operations: the Guanajuato Mine Complex, which includes the San Ignacio Mine, and the Topia Mine in Durango.

Second Quarter 2018 Production Highlights (Compared to Second Quarter 2017)

1. Consolidated metal production decreased 9% to 1,002,169 silver equivalent ounces ("Ag eq oz")
2. Silver production decreased 16% to 479,809 silver ounces ("Ag oz")
3. Gold production decreased 1% to 5,492 gold ounces ("Au oz")
4. Ore processed decreased 3% to 95,169 tonnes

Mr James Bannantine, President & CEO stated that "While production during the second quarter was somewhat lower than planned due to heavier than usual rainfall at our Guanajuato Mine Complex, we continue to expect to meet our production guidance for 2018." Mr Bannantine added that "In addition, we are very pleased with the positive results of our recently announced Preliminary Economic Assessment for the Coricancha Mine in Peru. We have now begun preparations for the Bulk Sample Program and look forward to providing further updates as we continue to advance the project."

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Posted By : Joykumar Irom on Thu, 12 Jul 2018
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