SPDR Gold Trust (GLD)

[NYBob]

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Great Panther Reports Second Quarter 2020 Financial Results,
Including Record Net Income of $8.6 Million and Operating Cash Flow of
$19.5 Million
(All dollar amounts expressed in US dollars unless otherwise noted)

TSX: GPR | NYSE American: GPL

VANCOUVER, BC, Aug. 6, 2020 /PRNewswire/ -

Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great
Panther" or "the Company") reports unaudited consolidated financial
results for the second quarter of 2020 (Q2 2020) from its three wholly
owned mines: Tucano in Brazil, and Topia and the Guanajuato Mine
Complex (GMC) in Mexico.

Great Panther will host a conference call and live webcast to discuss
the results at 9.00am PDT/12.00pm EDT today, August 6, 2020.
Dial-in and login details are provided at the end of this news release.

"The combination of a strong rise in the gold price and record
production at our flagship Tucano mine, leading to a substantially
lower AISC, drove a significant increase in cash flow from operating
activities to a record $19.5 million for the second quarter of 2020,"
stated President and CEO Rob Henderson.
"This was an impressive result given the unprecedented challenges of
managing COVID-19.
We congratulate our teams at all Great Panther sites for this
achievement.

"On a consolidated basis for 2020, we expect to produce 146,000 to
158,000 gold equivalent ounces at all-in sustaining costs in the range
of $1,150 to $1,250 per gold ounce sold, and we are well positioned to
deliver strong results while we continue to keep the safety and health
our people our number one priority."

Q2 2020 Highlights

Financial

Revenue of $67.0 million, representing a 48% increase over Q2 2019
Record mine operating earnings before non-cash items1 of $35.8 million
($0.11 per share)
Record adjusted EBITDA1 of $30.2 million
Record cash flow from operating activities of $19.5 million ($0.06 per
share)
AISC before corporate G&A of $1,027 per gold ounce (oz) sold1
Cash and cash equivalents at June 30, 2020 of $60.2 million, an
increase from $37.0 million at December 31, 2019 and $9.9 million at
June 30, 2019
_____________________________________________

1

The Company has included in this news release and the accompanying Management's Discussion and Analysis for the period ended June 30, 2020 (the "Q2 2020 MD&A") the non-Generally Accepted Accounting Principles ("GAAP") performance measures cash cost per gold ounce sold, cash cost per payable silver ounce, all-in sustaining cost ("AISC") per gold ounce sold excluding corporate general and administrative ("G&A") expenditures, AISC per gold ounce sold, AISC per payable silver ounce, mine operating earnings before non-cash items, cost of sales before non-cash items, adjusted earnings before interest, taxes depreciation and amortization ("Adjusted EBITDA"), adjusted net loss and adjusted net loss per share throughout this document. Refer to the Non-GAAP Measures section of the Company's Q2 2020 MD&A for an explanation of these measures and reconciliation to the Company's financial results reported in accordance with International Financial Reporting Standards ("IFRS"). As these are not standardized measures, they may not be directly comparable to similarly titled measures used by others.

Operational

Production of 38,541 gold equivalent ounces (Au eq oz)1
Record monthly production at Tucano in June of 15,389 gold oz since acquisition in March 2019
Au eq oz production growth of 11% over Q1 2020
Successful restart of GMC and Topia in Mexico after two-month COVID-19 shutdowns
Corporate

Closing of bought deal financing with gross proceeds of $16.1 million
Agreement reached with Nyrstar to defer Coricancha bond requirements
Appointment of David Garofalo, Alan Hair and Joseph Gallucci to the Board of Directors, and the appointment of Mr. Garofalo as Chair of the Board of Directors
Appointment of Rob Henderson as President and CEO
For the second quarter of 2020 Great Panther reported records for mine operating earnings before non-cash items, net income, adjusted EBITDA and cash-flow from operating activities as a result of strong production results at Tucano and a rise in the gold price which resulted in an average realized gold price of $1,728 per ounce for the quarter. With the restart of the Company's operations in Mexico in June, a strong increase in the price of silver and new records for the gold price since the end of the second quarter, Great Panther expects continued strong cash-flow generation in the third quarter.

COVID-19 Response

Great Panther has developed and implemented robust COVID-19 prevention, monitoring and response plans following the guidelines of the World Health Organization and the regulatory agencies of each country in which it operates to ensure a safe work environment. These plans include mandatory medical screening and testing on arrival at site, requirements to report infection or contact with those infected, restrictions on international travel and any non-essential domestic travel, alternative work arrangements, hygiene precautions and physical distancing practices, among others. Specific areas have been prepared for the isolation, testing and care of employees showing COVID-19 symptoms. Increased cleaning and sanitizing procedures have been introduced, especially in frequently visited areas. Training campaigns to educate all employees and contractors, their families and local communities on preventive measures and hygiene best practices continue regularly.

Additional information regarding Great Panther's COVID-19 response plan, preventive measures taken to date and the potential impact on operations are available in the Q2 2020 Management's Discussion and Analysis ("MD&A"), available on the Company's website at www.greatpanther.com and on SEDAR at www.sedar.com.

___________________________________


Further information on Great Panther's 2020 guidance is provided in the Outlook section of the Company's Q2 2020 MD&A, available on http://www.greatpanther.com
and www.sedar.com.

These production and cost guidance estimates are forward-looking statements and information and should be read in conjunction with the Cautionary Statement on Forward-Looking Information section at the end of this news release and the accompanying Q2 2020 MD&A. Readers are cautioned that there are no current estimates of mineral reserves for any of the Company's Mexican mines. Mineral resources that are not mineral reserves have no demonstrated economic or technical viability.

WEBCAST AND CONFERENCE CALL

A conference call and webcast will be held today, August 6, 2020, at
9.00 am PDT/12.00 pm EDT. Shareholders, analysts, investors and media
are invited to join the live webcast and conference call by logging in
or calling in five minutes prior to the start time.

Live webcast and registration:

https://www.greatpanther.com/investors/webcasts/

Vancouver:

+ 1 604 638 5340

U.S. and Canada toll-free:

+ 1 800 319 4610

International toll:

+ 1 604 638 5340

A replay of the webcast will be available on the Webcasts section of
Great Panther's website approximately one hour after the conference
call.
Audio replay will be available for four weeks by calling the numbers
below using the replay access code 4880.

Vancouver:

+ 1 604 638 9010

U.S. and Canada toll-free:

+ 1 800 319 6413

International Toll:

+ 1 604 638 9010

ABOUT GREAT PANTHER

Great Panther is a growing gold and silver producer focused on the
Americas.
The Company owns a diversified portfolio of assets in Brazil, Mexico and
Peru that includes three operating gold and silver mines, four
exploration projects, and an advanced development project.
Great Panther is actively exploring large land packages in highly
prospective districts and is pursuing acquisition opportunities to
complement its existing portfolio.
Great Panther trades on the Toronto Stock Exchange trading under the
symbol GPR, and on the NYSE American under the symbol GPL.


Cision View original content:
http://www.prnewswire.com/news-releases/great-panther-reports-second-quarter-2020-financial-results-including-record-net-income-of-8-6-million-and-operating-cash-flow-of-19-5-million-301107325.html

SOURCE Great Panther Mining Limited


Great Panther Silver, Ltd. (GPL) / GPR | NYSE American GPL


g r e a t p a n t h e r. c o m July 2020


CORPORATE PRESENTATION

https://www.greatpanther.com/_resources/presentations/corporate-presentation.pdf?v=0.882


https://www.greatpanther.com


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