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Great Panther Silver Reports Second Quarter 2013 Financial Results
Published : August 07, 2013
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Mots clés associés :   Canada | Dollar | G Mexico | Precious Metals | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 7, 2013) - GREAT PANTHER SILVER LIMITED (News - Market indicators)(NYSE MKT:GPL) ("Great Panther"; the "Company") today reported financial results for the Company's three and six months ended June 30, 2013. The full version of the Company's financial statements and Management's Discussion and Analysis can be viewed on the Company's website at www.greatpanther.com, or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in Canadian dollars unless otherwise indicated.

"Great Panther's operations generated record metal production in the second quarter of 2013, but significantly lower metal prices and high unit costs severely impacted margins," stated Robert Archer, President & CEO. "The high unit costs were a function of sales for the quarter that reflected production from first quarter and April at lower grades and higher site costs. Production for May and June showed improved grades and lower site costs, and we continue to work hard to further lower our costs and increase the profitability of our mines. 

"Non-essential capital expenditures have been cut or deferred and mine development is being prioritized on an ongoing basis. We also made significant cuts to our general and administrative overheads through layoffs, salary deferrals for senior management, and significant reduction in our corporate communications and exploration budgets, limiting the latter to only our core operations. We expect the impact of these changes to translate into lower general and administrative, and exploration expenditures in the second half of the year, and we are committed to seeking further ways to reduce our operating costs and other expenditures."

Initiatives to improve grade control and reduce costs at the Company's operations were implemented in response to the low grades yielded in the first quarter of 2013. The sharp drop in precious metal prices early in the second quarter provided further impetus for these initiatives. May and June production reflected the benefits of these efforts in the form of improved grades and lower unit production costs. Unfortunately, most of this production remained in inventory (unsold) at the end of the quarter due to shipping lead times, and therefore was not reflected in the margins and reported cash costs per ounce for the second quarter. It is expected that the third quarter results will reflect the benefit from the sale of the lower cost, higher grade production from the second quarter. 

In the second quarter, the Company reduced the number of mining contractors at Guanajuato and renegotiated the contract arrangements to better align the remaining contractors with the objectives of reducing costs, and increasing efficiencies and productivity. The Company has re-focussed most of its exploration resources on its existing operations and greater emphasis is being placed on grade control and improving planning and coordination within the operations teams. The Company will continue to look for ways to further improve grades, reduce site costs and reduce overheads. 

At Topia, the emphasis continues to be on increasing the silver grade and the Company is looking at ways to increase the number of working faces in some of the larger mines in order to maximize plant throughput, lower unit costs and increase operating cash flow.

SECOND QUARTER 2013 AND FIRST HALF 2013 FINANCIAL SUMMARY

Highlights
(in CAD 000s except ounces, amounts per share and per ounce)
    2013 Q2      2012 Q2   Change     6 Months Ended
June 30, 2013
 
    6 Months Ended
June 30, 2012
  Change  
Revenue   $ 11,165     $ 14,439   -23 %   $ 23,804     $ 28,064   -15 %
Gross profit (loss) (Earnings from mining operations)   $ (3,842 )   $ 3,771   -202 %   $ (3,530 )   $ 10,096   -135 %
Net income (loss)   $ (5,124 )   $ 354   -1,547 %   $ (3,848 )   $ 5,037   -176 %
Adjusted EBITDA(1)   $ (3,323 )   $ 3,691   -190 %   $ (2,803 )   $ 8,132   -134 %
Earnings (loss) per share - basic   $ (0.04 )   $ 0.00   0 %   $ (0.03 )   $ 0.04   -175 %
Earnings (loss) per share - diluted   $ (0.04 )   $ 0.00   0 %   $ (0.03 )   $ 0.04   -175 %
Silver ounces produced     396,730       374,723   6 %     766,354       734,249   4 %
Silver equivalent ounces produced(2)     680,212       555,721   22 %     1,287,713       1,113,389   16 %
Silver payable ounces     406,787       395,405   3 %     746,661       712,046   5 %
Total cash cost per silver ounce (USD)(3)   $ 18.14     $ 11.42   59 %   $ 18.35     $ 10.37   77 %
Average realized silver price (USD)(4)   $ 21.58     $ 28.06   -23 %   $ 25.27     $ 29.01   -13 %

SECOND QUARTER 2013 FINANCIAL DISCUSSION

For the three months ended June 30, 2013, the Company earned revenues of $11.2 million, compared to $14.4 million for the same period in 2012, a decrease of 23%. The decrease was the result of a 23% decrease in average realized silver prices (US$21.58 compared to US$28.06) and a negative revaluation adjustment of approximately $1.3 million for lower silver prices on concentrate shipments prior to the second quarter which were still subject to final settlement. These factors offset an 11% increase in metal sales which totalled 662,825 silver equivalent ounces for the quarter, compared to 598,135 silver equivalent ounces for the same period in 2012.

Revenue for the second quarter of 2013 decreased by $1.5 million, or 12% when compared to the prior quarter. The decrease was the result of a 27% decrease in average realized silver prices (US$21.58 in the second quarter of 2013 compared to US$29.71 in the prior quarter) which offset a 31% increase in silver equivalent ounces sold when compared to 506,637 silver equivalent ounces sold in the first quarter of 2013. The increase in silver equivalent ounces sold is mainly due to increased production as a result of higher silver and gold grades. 

For the three months ended June 30, 2013, the Company reported a gross loss of $3.8 million compared to a gross profit of $3.8 million for the same period in 2012. The decrease in gross profit is attributable to lower average realized silver prices and higher unit production costs due primarily to lower metal grades. In addition, higher amortization and depletion charges were recognized as a result of increased investment in mineral properties, plant and equipment in 2012. For the three months ended June 30, 2013, the Company had a gross loss percentage of 34% compared to a gross profit percentage of 26% for the same period in 2012.

Compared to the first quarter of 2013, gross profit decreased by $4.1 million mainly as a result of lower realized metal prices. Gross loss percentage was 34% in the second quarter of 2013 compared to a 3% gross profit percentage in the previous quarter.

Consolidated cash cost per silver ounce was US$18.14 for the three months ended June 30, 2013, a 59% increase compared to US$11.42 for the same period in 2012, and a 2% decrease compared to US$18.60 in the first quarter of 2013. The increase in the consolidated cash cost per silver ounce over the second quarter of 2012 is mainly due to lower silver grades at both Guanajuato and Topia together with higher site costs at both mine sites. The decrease in cash cost per ounce over the first quarter of 2013 is mainly due to an improvement in grades and an increase in gold by-product credits from a significant increase in gold production. 

General and administrative expenses were $2.5 million for the three months ended June 30, 2013 compared to $2.1 million for the comparable quarter of 2012. The increase was largely attributable to severance charges which offset general and administrative expense reductions.

Exploration and evaluation expenses of $1.0 million for the three months ended June 30, 2013 were 123% higher than the second quarter of 2012 and 49% higher than the first quarter of 2013. The increase in both cases was due to the surface drill program at El Horcon undertaken in the second quarter of 2013. Exploration and evaluation expenditures are expected to decrease in the third and fourth quarters as a result of the completion of the El Horcon drill program and the curtailment of exploration activities outside of the Company's operating mines and its San Ignacio Project.

The Company recorded an income tax recovery of $2.1 million for the three months ended June 30, 2013 compared to an expense of $0.1 million for the same period in 2012. The recovery is mainly attributable to pre-tax losses sustained in the Mexican operating entity during the period. The Company has net operating tax losses in Canada and has not recognized the benefit of any of these losses in the financial statements of the Company.

Net loss for the three months ended June 30, 2013 was $5.1 million, compared to net income of $0.4 million for the same period in 2012. The decrease in net income is primarily attributable to a decrease in gross profit of $7.6 million, and an increase exploration and evaluation expenses, partially offset by a decrease in foreign exchange loss. The factors contributing to the net loss for the second quarter of 2013 were partially offset by a decrease in foreign exchange loss and the income tax recovery of $2.1 million recognized in the second quarter of 2013. 

Adjusted EBITDA(5) was negative $3.3 million for the three months ended June 30, 2013 compared to adjusted EBITDA of $3.7 million for the comparable period in 2012 and $0.5 million for the three months ended March 31, 2013. The decrease in Adjusted EBITDA for the comparable periods is primarily attributable to the lower gross profit. Higher exploration and evaluation expenditures also contributed to the decrease in Adjusted EBITDA.

At June 30, 2013, the Company had net working capital of $35.1 million and cash and cash equivalents of $21.3 million compared to net working capital of $44.5 million and cash and cash equivalents of $20.7 million at December 31, 2012. Cash and cash equivalents increased by $0.6 million from the end of 2012 primarily due to cash provided by operating activities of $2.7 million and foreign currency gains on translation of cash balances of $0.6 million, which were mostly offset by cash used in investing activities of $2.7 million.

SECOND QUARTER 2013 OPERATIONAL SUMMARY

  • Metal production increased 12% from the first quarter of 2013 to a record 680,212 Ag eq oz and increased 22% from the second quarter of 2012; 

  • Silver production of 396,730 ounces increased 7% from the first quarter of 2013, and increased 6% from the second quarter of 2012; 

  • Gold production reached a record 3,994 ounces, an increase of 27% over the first quarter of 2013 and 70% over the second quarter of 2012;

  • Throughput of 67,569 tonnes increased 28% over the second quarter of 2012 and decreased by 3% over the first quarter of 2013;

  • Guanajuato silver grades of 159g/t were down 16% from the second quarter of 2012 while gold grades of 2.47g/t were up 34%, however both silver and gold grades showed improvements against the first quarter of 2013 reflecting grade control initiatives;

  • Topia silver grades of 376g/t were down 11% from the second quarter of 2012 but improved by 25% over the first quarter of 2013;

  • A Land Use permit for San Ignacio was received earlier than anticipated during the second quarter and the Company submitted a revised Environmental Impact Assessment which is expected to be approved by the end of the third quarter of 2013.

Further discussions of the Company's operational and financial results are contained in the Company's Management's Discussion and Analysis for the three and six months ended June 30, 2013. 

SECOND QUARTER 2013 OPERATIONAL AND BUSINESS UPDATE

Plans for the development of San Ignacio with the goal of commencing production in 2014 remain on track. The Company received approval of the Land Use permit earlier than anticipated during the second quarter and submitted a revised Environmental Impact Assessment which is expected to be approved by the end of the third quarter. A new mine plan is being compiled for San Ignacio incorporating the latest geological resource model based on the known veins, grade ranges and elevation for commencement of mining.

An infill and extension drilling campaign is anticipated to begin in September at San Ignacio to better define the resource. In addition, mine and earthwork contractors will be selected and the installation of the water supply for the mine will be completed by the end of the third quarter.

At the El Horcon Project, a surface drill program consisting of 24 drill holes for a total of 2,156 metres was completed during the second quarter. The program was laid out along 650 metres of strike length on the Diamantillo vein and also tested various splays and nearby parallel structures and veins. Assay results have been received and are being compiled and interpreted. A wireframe and 3D model are being constructed such that the continuity of grade and vein widths can be determined. An internal resource estimate and preliminary economic assessment will be prepared in the third quarter.

On May 14, 2013, the Company announced the appointment of Mr. Geoff Chater to its Board of Directors. The Company also announced the addition of two senior personnel to the management team in Guanajuato, Mexico, Mr. Juan Manuel Flores, Vice President, Operations and Mr. Cesar Epifanio, Vice President, Safety, Health and Environment.

On May 30, 2013, the Company announced that Mr. Robert Archer, co-founder and CEO of the Company, resumed the role of President and CEO upon the resignation of Mr. Martin Carsky, President.

OUTLOOK

With first half production totaling 1,287,713 silver equivalent ounces, the Company is on track to meet its guidance of 2.4 to 2.5 million silver equivalent ounces for fiscal 2013.

As noted, the Company saw significant improvement in grades and lower operating costs in its May and June production, particularly at Guanajuato. However, the benefit of this lower cost production was not reflected in the second quarter results and reported cash costs per ounce as most of this production remained unsold in inventory at the end of the quarter, due to shipping lead times. The grades and unit cost metrics for May and June production are an encouraging sign that the Company's grade control and cost reduction initiatives are starting to show positive results and should be reflected in future quarters.

A strong emphasis is being placed upon increasing production in order to maximize operating cash flow. The Company still anticipates that the start-up of production from San Ignacio in 2014 will significantly augment this effort.

With the continuing focus on cost reductions, grade control, and productivity enhancements, we are optimistic that we can continue to improve unit costs of the operations. We caution however, that both Guanajuato and Topia have complex geology which makes them prone to significant grade variability. 

Given the impact of the lower grades seen in most of the first half of the year, we are revising our cash cost guidance to $15-16 USD per silver ounce for the year. 

CONFERENCE CALL TO DISCUSS SECOND QUARTER 2013 FINANCIAL RESULTS

The Company will hold a live webcast and conference call to discuss the financial results on August 8, 2013, at 7:00 AM Pacific Daylight Time, 10:00 AM Eastern Daylight Time. Hosting the call will be Mr. Robert Archer, President and Chief Executive Officer and Mr. Jim Zadra, Chief Financial Officer.

Shareholders, analysts, investors and media are invited to join the live webcast and conference call by logging in or dialing in just prior to the start time.

The webcast can be accessed by clicking on the following link: https://cc.readytalk.com/r/kmuk4pl8ycbo&eom. Participants will be connected to the broadcast audio after joining the meeting.

As an alternative, participants may connect to the conference call by telephone:

U.S. & Canada Toll-Free 1 800 741 3792
   
Germany Toll-Free 08001890407
   
Switzerland Toll-Free 0800836320
   
UK Toll-Free 08004961093
   
International Toll +1 212 231 2900

You may also access the conference call on a listen-only basis via webcast at our website www.greatpanther.com.

NON-IFRS MEASURES

The discussion of financial results in this press release includes reference to EBITDA, Adjusted EBITDA and Cash Cost per Silver Ounce which are non-IFRS measures. The Company provides these measures as additional information regarding the Company's financial results and performance. Please refer to the Company's MD&A for the three and six months ended June 30, 2013 for a definition and reconciliation of these measures to the Company's financial statements.

ABOUT GREAT PANTHER

Great Panther Silver Limited is a primary silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE MKT trading under the symbol GPL. The Company's current activities are focused on the mining of precious metals from its two wholly-owned operating mines in Mexico, Topia and Guanajuato. Great Panther is also in the process of developing its San Ignacio Project with a view to production in 2014, and has two exploration projects, El Horcon and Santa Rosa. The Company is also pursuing additional mining opportunities within Latin America, with the goal of adding to its portfolio of mineral properties. 

All shareholders have the ability to receive a hard copy of the Company's financial statements free of charge upon request. Should you wish to receive Great Panther Silver's Financial Statements or the Annual Information Form in hard copy, please contact us at the Company toll free at 1-888-355-1766 or 604-608-1766, or e-mail info@greatpanther.com.

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (together, "forward-looking statements"). Such forward-looking statements may include but are not limited to the Company's plans for production at its Guanajuato and Topia Mines in Mexico, exploring its other properties in Mexico, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and cost estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of silver, gold and base metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Annual Information Form for the year ended December 31, 2012 and Material Change Reports filed with the Canadian Securities Administrators available at www.sedar.com and reports on Form 40-F and Form 6-K filed with the Securities and Exchange Commission and available at www.sec.gov.

GREAT PANTHER SILVER LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(Expressed in thousands of Canadian dollars)
 
June 30, 2013 and December 31, 2012 (Unaudited)
      June 30,2013       December 31, 2012  
             
Assets            
             
Current assets:            
  Cash and cash equivalents   $ 21,329     $ 20,735  
  Short term investments     13       5,164  
  Trade and other receivables     11,884       18,099  
  Income taxes recoverable     219       130  
  Inventories     6,849       6,927  
  Prepaid expenses, deposits and advances     1,478       1,995  
      41,772       53,050  
Non-current assets:                
  Mineral properties, plant and equipment     59,315       55,451  
  Exploration and evaluation assets     7,894       7,270  
  Intangible assets     852       705  
  Deferred tax asset     284       253  
    $ 110,117     $ 116,729  
                 
Liabilities and Shareholders' equity                
                 
Current liabilities:                
  Trade and other payables   $ 6,391     $ 8,111  
  Current tax liability     241       400  
      6,632       8,511  
Non-current liabilities:                
  Reclamation and remediation provision     2,479       2,447  
  Deferred tax liability     4,218       5,746  
      13,329       16,704  
                 
Shareholders' equity:                
  Share capital     122,615       122,444  
  Reserves     8,026       7,586  
  Deficit     (33,853 )     (30,005 )
      96,788       100,025  
    $ 110,117     $ 116,729  
   
   
GREAT PANTHER SILVER LIMITED  
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND  
OTHER COMPREHENSIVE INCOME  
(Expressed in thousands of Canadian dollars, except per share data)  
   
For the three and six months ended June 30, 2013 and 2012 (Unaudited)  
    Three months ended
 June 30,
    Six months ended
 June 30,
 
    2013     2012     2013     2012  
                         
Revenue   $ 11,165     $ 14,439     $ 23,804     $ 28,064  
Cost of sales                                
  Production costs     11,392       8,346       20,925       14,181  
  Amortization and depletion     3,458       2,303       6,173       3,760  
  Share-based payments     157       19       236       27  
      15,007       10,668       27,334       17,968  
                                 
Gross profit     (3,842 )     3,771       (3,530 )     10,096  
                                 
General and administrative expenses                                
  Administrative expenses     2,238       1,917       4,209       4,768  
  Amortization and depletion     89       36       126       69  
  Share-based payments     168       183       194       313  
      2,495       2,136       4,529       5,150  
                                 
Exploration and evaluation expenses     953       427       1,595       1,019  
                                 
Income (loss) before the undernoted     (7,290 )     1,208       (9,654 )     3,927  
                                 
Finance and other income (expense)                                
  Interest income     104       103       190       276  
  Finance costs     (14 )     (9 )     (22 )     (19 )
  Foreign exchange gain (loss)     (135 )     (772 )     4,159       2,883  
  Other income (expense)     95       (58 )     122       36  
      50       (736 )     4,449       3,176  
                                 
Income (loss) before income taxes     (7,240 )     472       (5,205 )     7,103  
Income tax                                
  Current tax (expense)     (241 )     -       (480 )     -  
  Deferred tax recovery (expense)     2,357       (118 )     1,837       (2,066 )
      2,116       (118 )     1,357       (2,066 )
Net income (loss) for the period   $ (5,124 )   $ 354     $ (3,848 )   $ 5,037  
                                 
Other comprehensive income (loss), net of tax                                
  Foreign currency translation     (460 )     58       144       194  
  Change in fair value of available-for-salefinancial assets    
 (18
)    
 (24
)    
 (74
)    
 (7
)
      (478 )     34       70       187  
Total comprehensive income (loss) for the period   $ (5,602 )   $ 388     $ (3,778 )   $ 5,224  
                                 
Earnings per share                                
  Basic   $ (0.04 )   $ 0.00     $ (0.03 )   $ 0.04  
  Diluted   $ (0.04 )   $ 0.00     $ (0.03 )   $ 0.04  
                                 
   
   
GREAT PANTHER SILVER LIMITED  
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS  
(Expressed in thousands of Canadian dollars)  
   
For the three and six months ended June 30, 2013 and 2012 (Unaudited)  
    Three months ended
June 30,
    Six months ended
June 30,
 
    2013     2012     2013     2012  
                         
Cash flows from operating activities:                        
  Net income (loss) for the period   $ (5,124 )   $ 354     $ (3,848 )   $ 5,037  
                                   
  Items not involving cash:                                
    Amortization and depletion     3,547       2,339       6,299       3,829  
    Unrealized foreign exchange (gain) / loss     123       862       (4,093 )     (2,334 )
    Deferred income tax (recovery) expense     (2,357 )     118       (1,837 )     2,066  
    Accretion on reclamation and remediation provision     13       7       22       14  
    Share-based payments     325       202       430       340  
    Other non-cash items     (111 )     (7 )     (189 )     (22 )
      (3,584 )     3,875       (3,216 )     8,930  
                                 
  Interest received     194       111       249       262  
  Interest paid     -       -       -       (3 )
  Income taxes paid     (168 )     (282 )     (364 )     (534 )
  Net cash from operating activities before changes in non-cash working capital     (3,558 )     3,704       (3,331 )     8,655  
                                   
  Changes in non-cash working capital:                                
    Trade and other receivables     1,242       (8,563 )     6,243       (4,079 )
    Income taxes recoverable     (82 )     145       (89 )     119  
    Inventories     1,168       1,244       848       (611 )
    Prepaid expenses, deposits and advances     150       (941 )     517       (2,091 )
    Trade and other payables     491       716       (1,740 )     736  
    Current tax liability     (189 )     -       205       -  
  Net cash from operating activities     (778 )     (3,695 )     2,653       2,729  
                                 
Cash flows from investing activities:                                
  Purchase of intangible assets     (113 )     (26 )     (255 )     (226 )
  Purchase of mineral properties, plant and equipment     (3,729 )     (7,808 )     (7,555 )     (13,880 )
  Proceeds from disposal of mineral properties, plant and equipment     -       69       5       86  
  Proceeds from disposal of short term investments     5,085       -       5,085       -  
  Net cash used in investing activities     1,243       (7,765 )     (2,720 )     (14,020 )
                                 
Cash flows from financing activities:                                
  Repayment of capital lease obligations     -       (63 )     -       (117 )
  Proceeds from exercise of options     100       -       110       322  
  Net cash from financing activities     100       (63 )     110       205  
                                 
Effect of foreign currency translation on cash     280       (124 )     551       324  
                                 
Increase (decrease) in cash and cash equivalents     845       (11,647 )     594       (10,762 )
Cash and cash equivalents, beginning of period     20,484       40,322       20,735       39,437  
Cash and cash equivalents, end of period   $ 21,329     $ 28,675     $ 21,329     $ 28,675  

(1)"Adjusted EBITDA" is a non-IFRS measure. Refer to the "Non-IFRS Measures" sections of this Press Release and of the Company's MD&A. 
 
(2)Silver equivalent ounces in 2013 were established using prices of US$28 per oz, US$1,680 per oz, US$0.85 per lb, and US$0.85 per lb for silver, gold, lead & zinc, respectively, and applied to the recovered metal content of the concentrates that were produced by the two operations. For consistency, these prices will be used for the balance of 2013.
 
(3)"Cash cost per silver ounce" is a non-IFRS measure. Refer to the "Non-IFRS Measures" sections of this Press Release and of the Company's MD&A.
 
(4)Average realized silver price is prior to treatment, refining and smelting charges.
 
(5)"Adjusted EBITDA" is a non-IFRS measure. Refer to the "Non-IFRS Measures" sections of this Press Release and of the Company's MD&A.


Great Panther Silver Limited
Robert A. Archer
President & Chief Executive Officer
1-888-355-1766
or
Great Panther Silver Limited
Rhonda Bennetto
Vice President Corporate Communications
1-888-355-1766
info@greatpanther.com
www.greatpanther.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Great Panther Silver Limited

PRODUCTEUR
CODE : GPR.TO
Suivi et investissement
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Great Panther Silver est une société de production minière d'argent basée au Canada.

Great Panther Silver est productrice d'argent, d'or, de plomb et de zinc au Mexique, et détient divers projets d'exploration au Mexique.

Ses principaux projets en production sont TOPIA MINE et GUANAJUATO MINES au Mexique et ses principaux projets en exploration sont MAPIMI (KM 66), SAN ANTONIO (CHIHUAHUA), SAN IGNIACIO et LA SIERRA au Mexique.

Great Panther Silver est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 181,3 millions CA$ (145,0 millions US$, 127,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 août 1997 à 9,00 CA$, et son plus bas niveau récent le 05 septembre 2003 à 0,10 CA$.

Great Panther Silver possède 166 370 000 actions en circulation.

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Dans les médias de Great Panther Silver Limited
22/07/2009Mining in Mexico with Great Panther
16/07/2009Mining in Mexico with Great Panther
01/08/2007Jay Taylor Reaffirms his "A" Progress Rating Of Great Panthe...
20/06/2006Presentation by Sean Rahkimov
18/04/2006Corporate analysis
Rapports annuels de Great Panther Silver Limited
2008 Annual report
Financements de Great Panther Silver Limited
07/07/2016Great Panther Silver increases previously announced bought d...
06/07/2016arranges US$20 million bought deal financing
24/03/2011Announces $21 Million Bought Deal Financing
13/03/2011EXTINGUISHES LONG TERM DEBT
27/10/2009Announces $10 Million Equity Offering
24/01/2009GPR - GREAT PANTHER CLOSES PRIVATE PLACEMENT
10/04/2008Reprices Out-Of-The-Money Warrants And Options
04/01/2008Sees 100% Exercise Of "J" Warrants
30/11/2007100% Exercise of Great Panther "I" Warrants
Nominations de Great Panther Silver Limited
07/08/2013Appoints New Director
14/05/2013Appoints New Director and Strengthens Senior Management Team...
24/01/2013Announces Resignation of Director
05/04/2012Appoints Rhonda Bennetto as Vice President Corporate Communi...
06/02/2012Appoints Independent Chairman
14/10/2011(Guanajuato Mines)Reports Third Quarter Production and Appoints New Mine Manag...
14/10/2011(Guanajuato Mines)Reports Third Quarter Production and Appoints New Mine Manag...
03/05/2011Appoints Martin Carsky Executive Vice President & Chief Fina...
17/03/2011ADDS MINING/METALLURGICAL EXPERTISE TO BOARD
03/07/2008Appoints Former Mexican Senior Trade Commissioner As Vice Pr...
20/03/2008Appoints Financial & Metallurgical Professionals To Ad...
26/11/2007Appoints New Management at Guanajuato Mine
Rapports Financiers de Great Panther Silver Limited
04/08/2016Reports Second Quarter 2016 Financial Results
25/07/2016to announce second quarter 2016 financial results on August ...
14/07/2016reports second quarter
05/05/2016First Quarter 2016 Financial Results Webcast and Conf
05/05/2016reports first quarter
05/11/2015Reports Third Quarter 2015 Financial Results
21/10/2015to Announce Third Quarter Consolidated Financial Results on ...
06/11/2013Reports Lower Costs and Improved Operating Margins for the T...
16/08/2013Second Quarter 2013 Financial Results Webcast Replay
07/08/2013Reports Second Quarter 2013 Financial Results
08/05/2013Reports First Quarter 2013 Financial Results
13/03/2013Reports Fiscal Year 2012 Financial Results
14/11/2012Postpones Release of Third Quarter 2012 Financial Results fo...
14/05/2012Reports First Quarter 2012 Financial Results
13/03/2012Reports 37% Increase in Revenues to $57.8 Million and $11.5 ...
14/10/2011Reports Third Quarter Production and Appoints New Mine Manag...
11/08/2011Reports Second Quarter Results
14/06/2011Reports Record Quarterly Net Income of $7 Million
18/04/2011REPORTS FIRST QUARTER PRODUCTION; SILVER INCREASES BY 15%, G...
07/04/2011FILES AMENDMENT TO ITS ANNUAL INFORMATION FORM WITH NO CHANG...
16/03/2011REPORTS ANNUAL NET PROFIT OF $5 MILLION
11/01/2010 Exceeds Production Target for 2009 With Record Fourth Quart...
22/10/2007Doubles Production in Third Quarter 2007
Projets de Great Panther Silver Limited
18/07/2016(Topia Mine)Resumes Full Operation
23/12/2015Great Panther Silver releases drill results for Guadalupe de...
09/07/2015Great Panther Silver updates mineral resources at Topia mine
14/01/2014Reports a 19% Increase in Metal Production in 2013
16/12/2013Announces Results of San Ignacio Surface Drilling
03/12/2013s Mineral Resource Estimates at the Guanajuato Mine Complex
21/10/2013Moves Ahead with El Horcon Project
08/10/2013Receives Final Permit for San Ignacio, Initiates Site Prepar...
14/01/2013(Topia Mine)s Mineral Resources at Topia Mine
09/05/2012s Mineral Resource Estimates at the Guanajuato Mine Complex ...
15/12/2011(Guanajuato Mines)Eliminates Backlog of Concentrate Inventory at Guanajuato an...
05/12/2011(San Igniacio)s Drilling Results for San Ignacio Property, Guanajuato; Gra...
30/11/2011(Guanajuato Mines)Confirms Continuity of Santa Margarita Gold-Silver Veins and...
13/10/2011(San Igniacio)Reports Initial Mineral Resource Estimate at San Ignacio Pro...
30/08/2011(Guanajuato Mines)Extends High Grade Silver-Gold Mineralization and Discovers ...
18/08/2011(Guanajuato Mines)Commences Shipment of Silver-Gold Concentrates From Guanajua...
21/07/2011(La Sierra)Purchases New Silver-Gold Project in Guanajuato
25/05/2011(San Igniacio)POSTPONES RESOURCE ESTIMATE FOR SAN IGNACIO MINE PROPERTY, G...
13/03/2011(Topia Mine)Increases Mineral Resources at the Topia Mine
27/01/2011(Guanajuato Mines)Extends Guanajuatito Silver-Gold Zones to Depth
22/07/2009(Topia Mine)Increases Resources At The Topia Mine
26/01/2009(Topia Mine)GPR - GREAT PANTHER REPORTS NEW HIGH GRADE SILVER ALONG THE ...
26/11/2008(Topia Mine)Samples 95 Metres Of 1,867G/T Silver, 1.00G/T Gold, 2.67% Le...
09/09/2008(Guanajuato Mines)ACQUIRES TWO NEW UNDERGROUND LOADERSTO BOOST PRODUCTION OF T...
14/07/2008(Guanajuato Mines)Produces Another Record of 436,072 Ag Eq Oz in Q2
03/06/2008(Topia Mine)Extends High Grade Argentina Veins At The Topia Mine
27/05/2008(Mapimi (km 66))Discovers Molybdenum-Rich Skarn and Carbonate Replacement St...
28/04/2008 PRODUCES FROM HIGH GRADE SILVER-GOLD ZONE AT GUANAJUATO; GR...
25/03/2008(Guanajuato Mines)Extends Strike Length Of Deep Mineralization At Guanajuato M...
26/02/2008(Topia Mine) Extends High Grade Silver-Gold To 600 Metre Depth At Guanaj...
20/02/2008(Topia Mine)Extends Silver-Gold-Lead-Zinc Veins At The Topia Mine
29/11/2007(Guanajuato Mines)Confirms Depth Continuity of High Grade Mineralization at Gu...
13/11/2007(San Antonio) Diamond Drilling Commences on the San Antonio Project, Chih...
30/10/2007(Guanajuato Mines) EXPANDS NEAR-SURFACE SILVER-GOLD ZONES AT GUANAJUATO
10/05/2007Releases Additional Drilling Results For Mapimi Silver-Lead-...
11/04/2007(Guanajuato Mines)Doubles Production At Guanajuato In First Quarter; Inc...
05/04/2007(Topia Mine)Extends Gold-rich Zones with Surface Drilling at Topia Mine
Communiqués de Presse de Great Panther Silver Limited
27/07/2016Coverage Initiated on Silver Stocks First Majestic Silver, S...
25/07/2016Great Panther Silver to announce second quarter 2016 financi...
15/07/2016Great Panther Silver Resumes Full Operation at Topia Mine
14/07/2016Great Panther Silver Reports Second Quarter 2016 Production ...
13/07/2016Great Panther Silver reports fatal accident at its Topia Min...
12/07/2016Great Panther Silver completes previously announced US$29.9 ...
06/07/2016Great Panther Silver arranges US$20 million bought deal fina...
23/06/2016Great Panther Silver reports fatality at Guanajuato
10/06/2016Great Panther Silver Reports Annual General and Special Meet...
05/05/2016Great Panther Silver reports first quarter 2016 financial re...
25/04/2016Great Panther Silver to Announce First Quarter 2016 Financia...
21/04/2016Great Panther Announces At-the-market Offering Of Up To Us$1...
21/04/2016Great Panther Silver Reports First Quarter 2016 Production R...
13/04/2016Great Panther Silver reports first quarter 2016 production r...
04/03/2016Great Panther reports 4Q loss
19/01/2016Great Panther Silver Reports 30% Increase In Metal Productio...
15/01/2016Great Panther resumes full operations at its Guanajuato Mine...
05/11/2015Great Panther Silver Reports Third Quarter 2015 Financial Re...
21/10/2015Great Panther Silver to Announce Third Quarter Consolidated ...
14/10/2015Great Panther Silver Reports Third Quarter 2015 Production R...
28/08/2015Great Panther Board Completes Review of Director Election St...
05/08/2015Great Panther Silver Reports Second Quarter 2015 Financial R...
30/07/2015Great Panther Silver to Release Second Quarter Financial Res...
14/07/2015Great Panther Silver Reports Second Quarter 2015 Production ...
09/07/2015(Topia Mine)s mineral resources at Topia mine
02/07/2015Great Panther Silver Provides Update on 2015 Drilling Progra...
15/04/2015Great Panther Silver Reports First Quarter 2015 Production R...
13/04/2015Cangold and Great Panther Silver Execute Definitive Arrangem...
13/04/2015Great Panther And Cangold Execute Definitive Arrangement Agr...
25/03/2015Why GoPro Will Trade Lower Until 'Capitulation'
15/03/2015Great Panther Silver to Acquire Cangold
05/03/2015Great Panther reports 4Q loss
04/03/2015Great Panther Silver reports fiscal year 2014 financial resu...
18/12/2013Season's Greetings from Great Panther Silver
10/10/2013Achieves Several Production Records in Third Quarter 2013
25/07/2013Announces 2013 Second Quarter Financial Results Release Date...
11/07/2013Reports Second Quarter 2013 Production
28/06/2013Reports Annual and Special Meeting Results
24/05/2013Adopts Advance Notice Policy
15/04/2013Reports First Quarter 2013 Production
14/03/2013Video Library Updates
05/02/2013Intersects High Grade Silver-Gold Mineralization and Discove...
16/01/2013Reports Improved Fourth Quarter and Fiscal 2012 Production R...
05/11/2012Announces 2012 Third Quarter Financial Results Release Date ...
10/10/2012Reports Third Quarter 2012 Production Results
18/09/2012Google Earth Virtual Tour
05/09/2012Purchases El Horcon Silver-Gold Project
21/08/2012Purchases Surface Rights for San Ignacio Project
02/08/2012Announces 2012 Second Quarter Financial Results Release Date...
12/07/2012Reports Second Quarter 2012 Production Results
28/06/2012Reports Annual and Special Meeting Results
08/05/2012Announces 2012 First Quarter Financial Results Release Date ...
16/04/2012Reports First Quarter 2012 Production
05/03/2012Announces 2011 Fourth Quarter And Year-End Financial Results...
17/01/2012Reports Improved Fourth Quarter Production
04/08/2011Announces Second Quarter 2011 Financial Results Release Date...
12/07/2011Reports Second Quarter Production
23/06/2011Set to Join the Russell Global Index
12/04/2011Closes $24 Million Bought Deal Financing
05/04/2011Receives Recognition for Corporate Social Responsibility
07/02/2011Secures US Listing on NYSE Amex
17/08/2010GPR - GREAT PANTHER SILVER REPORTS INCREASED REVENUE, EARNIN...
01/10/2009GPR - GREAT PANTHER DISCOVERS AND DEVELOPS 3 NEW ZONES AT GU...
14/08/2009Continues Production And Earnings Growth, Reduces Operating ...
07/07/2009continues record-setting growth with Q2 production
19/06/2009Signs New Sales Contracts For Topia Concentrates
18/02/2009Anticipates 20% Increase In Silver Production In 2009
10/12/2008 ANNOUNCES $2,700,000 FINANCING
15/11/2008LOWERS OPERATING COSTS TO KEEP MINES PROFITABLE
13/08/2008GPR - GREAT PANTHER ACHIEVES 488% INCREASE IN EARNING...
11/08/2008 INCREASES RESOURCES AT THE TOPIA MINE
23/06/2008Exposes Excellent Grades At Topia Ag-Pb-Zn Mine
03/06/2008Celebrates Renaissance Of 400+Year-Old Silver Mine
17/05/2008GRANTS STOCK OPTIONS
12/05/2008ANNOUNCES Q1 2008 RESULTS, ACHIEVES 55% INCREASE IN REVEN...
06/05/2008Drills 15.94 Metres @ 1,305G/T Silver And 4.60G/T Gold And D...
08/04/2008's Record Output Continues With 431,639 Ag Eq Oz In...
01/04/2008Announces Fy2007 Results, Achieves First Mining Profit...
19/03/2008Receives Upgraded Mineral Resource Estimate for La Gloria Zo...
08/03/2008ADOPTS SHAREHOLDER RIGHTS PLAN
28/01/2008SETS NEW PRODUCTION RECORDS TO END 2007
15/01/2008Provides Update On Resource Estimates
01/11/2007 COMMENCES PHASE II DRILLING PROGRAM ON MAPIMI SILVER-LEAD-Z...
19/09/2007Commences Deep Drilling Program at Guanajuato; Provides Prod...
14/09/2007OUTLINES EXPANSIVE GEOPHYSICAL ANOMALIES AND UPDATES PHASE 1...
12/09/2007Adds New COO To Management Team
28/08/2007'S FUNDS ARE SAFE
15/08/2007RELEASES Q2 RESULTS, REPORTS RECORD SALES MARGIN FROM MINING...
13/07/2007Closes $4.05 Million Convertible Loan Notes Placement
09/07/2007Discovers New Silver-Gold Zones At Guanajuato
04/07/2007To Raise $4.05 Million Through Convertible Loan Notes With T...
16/06/2007Dissident Members Abandon Lawsuit Against Cooperativa
28/05/2007Adds New Cfo To Management Team
30/04/2007Releases Results From First Year as Silver Producer
17/04/2007Confirms Grades, Completes Airborne Geophysical Survey On Ma...
04/04/2007Announces Delay in Filing Annual Financial Statements
01/03/2007UNDERGROUND DRILLING EXTENDS HIGH GRADE SILVER-GOLD-LEA...
04/04/2006Re-discovers spanish riches at Guanajuato
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TORONTO (GPR.TO)FRANKFURT (G3U.F)
1,09+0.00%0,102+0.00%
TORONTO
CA$ 1,09
14/10 10:30 -
0%
Cours préc. Ouverture
1,09 1,09
Bas haut
1,09 1,09
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
0,120 -  1,48 344,90%
Volume var. 1 mois
0 -%
24hGold TrendPower© : 9
Produit Gold - Lead - Silver - Zinc
Développe
Recherche Gold - Molybdenum - Silver
 
 
 
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LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
20230,00%
2022240,63%1,520,12
2021-70,64%1,470,30
202065,15%1,420,32
2019-27,47%1,580,53
 
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