GPL Stock Price, News & Analysis

Great Panther Mining Limited (GPL) announced Q2 2020 financial results, showcasing a 48% revenue increase to $67.0 million. The company reported record mine operating earnings of $35.8 million and net income of $8.6 million. Cash flow from operations reached a record $19.5 million, with a substantial reduction in all-in sustaining costs (AISC) to $1,027 per gold ounce. Production totaled 38,541 gold equivalent ounces, reflecting an 11% growth from Q1 2020. Great Panther anticipates producing 146,000 to 158,000 gold equivalent ounces for the full year, maintaining a focus on employee safety amid COVID-19.

Great Panther Mining Limited (NYSE: GPL) will release its second quarter 2020 unaudited financial results on August 6, 2020, before market opening. A conference call and webcast are scheduled for the same day at 9:00 AM PDT / 12:00 PM EDT. Investors, analysts, and media can join the call and access the live webcast through the company’s investor relations website. Great Panther operates gold and silver mines in Brazil, Mexico, and Peru, focusing on growth through exploration and acquisition.

Great Panther Mining Limited (TSX: GPR, NYSE-A: GPL) reported Q2 2020 production results from its Tucano, Topia, and Guanajuato Mine Complex, achieving consolidated production of 38,540 gold equivalent ounces. Tucano led with 35,421 Au oz, marking an 18% increase year-over-year. The company also successfully resumed operations at Topia and GMC after COVID-19 shutdowns. A US$16 million financing was secured to strengthen its balance sheet. Full-year production guidance is set at 146,000-158,000 Au eq oz.

Great Panther Mining Limited (NYSE American: GPL) has announced amendments to agreements with Nyrstar regarding remediation obligations for the Coricancha mine. The new terms extend Nyrstar's bond obligations, maintaining a $7.0 million bond until June 30, 2021, and $6.5 million in the subsequent year. This deferral of funding requirements until June 30, 2022, enhances Great Panther's capacity to pursue projects at Coricancha. The company aims to submit a modified closure plan, potentially lowering future costs. These agreements support the firm’s commitment to maximizing Coricancha's potential amid rising metal prices.

Great Panther Mining Limited (NYSE: GPL, TSX: GPR) held its Annual General Meeting on June 24, 2020, with 141,771,862 votes cast, representing 45.38% of issued shares. Shareholders approved all business items, including the election of nine director nominees, all receiving over 96% support. Additionally, 95.28% voted in favor of maintaining the board size, 95.89% appointed KPMG LLP as auditors, and 91.95% supported a three-year extension of the Omnibus Incentive Plan. Great Panther continues to focus on gold and silver production in the Americas.

Great Panther Mining Limited (NYSE: GPL, TSX: GPR) announced initial drill results from its ongoing 55,000 metre drill program at the Tucano gold mine in Brazil, with a budget of $6.6 million. So far, 12,000 metres have been completed, revealing promising intervals such as 29.4 metres at 15.99 g/t Au. The program aims to convert inferred resources to measured and indicated categories, with an updated Resource and Reserve statement expected in Q4 2020. Additionally, Nick Winer has been appointed as Vice President Exploration to lead the exploration efforts in Brazil, Mexico, and Peru.