Great Panther Mining Ltd (GPLDF)

[NYBob]

hitman thank you, agree -

http://www.greatpanther.com/English/Investors/Corporate-Presentation/default.aspx

Great Panther Silver (GPL)
1.17 ? 0.0 (0.00%)
Volume: 224,329 @ 1:06:14 PM EST ET
Bid Ask Day's Range
- - 1.16 - 1.18



http://www.greatpanther.com/English/News/News-Details/2017/Great-Panther-Silver-Reports-Third-Quarter-2017-Financial-Results/default.aspx

"The third quarter was a very successful and eventful quarter for
Great Panther.
Our Mexican operations delivered production in support of our guidance
for the year and continued to advance the permitting of the new
tailings facility at Topia," stated Jim Bannantine, President & CEO.
"After closing the acquisition of Coricancha just before the start of
the third quarter, we quickly turned our attention to advancing a
resource update and on engineering and environmental studies, and other
evaluations in support of a decision to restart mine development.
I am pleased that we continue to maintain a strong balance sheet with
$55 million of cash and deposits, no debt and strong liquidity of our
shares.
These factors along with a solid management team put us in a good
position to pursue acquisitions."

Revenues for the third quarter of 2017 were $18.3 million and increased by 17% over the same period in 2016 as a 20% increase in unit metal sales volumes offset declines in realized silver and gold prices. Despite the increase in revenue, Great Panther reported a net loss of $0.7 million for the third quarter of 2017, compared to net income of $2.1 million in the same quarter of 2016. The net loss is primarily attributed to a $1.2 million increase in exploration, evaluation and development ("EE&D ") expenditures reflecting the first full quarter of the Coricancha project and its care and maintenance costs since the closing of the acquisition on June 30, 2017. The Company also incurred a $0.9 million non-recurring general and administrative ("G&A") charge. In addition, mine operating earnings before non-cash items from the Company's Mexican operations were $1.1 million lower than the third quarter of 2016 due to a less favorable Mexican peso to US dollar foreign exchange rate, and higher unit production cost in Mexican peso terms. The latter is attributed mainly to a higher proportion of production from the higher cost Topia Mine and some non-recurring costs at Topia which increased its production costs for the quarter.

http://www.greatpanther.com/English/Home/default.aspx

God Bless