InvestorsHub Logo
Followers 1080
Posts 106323
Boards Moderated 55
Alias Born 11/22/2003

Re: Montanore post# 2038

Sunday, 08/09/2020 5:35:50 PM

Sunday, August 09, 2020 5:35:50 PM

Post# of 2202
Any fund controlled by banks - I am scared for to have any savings in -
what's your opinion - all opinions appreciated -
thanks in advance -


E.g.,
Great Minds: Ellen Brown - Did You Know Banks Can Take Your Money in A Crisis? VIDEO

This is Our Money!!! A Must Watch ...

https://www.youtube.com/watch?v=eSRPvMxIAb0&feature=youtu.be

good message - by Shermann


I feel safer in the Hardrock safety smile) -
Great Panther Silver, Ltd. (GPL)(GPR)

There is no way you can compare Great Panther Mining to the old commpany
Great Panther Silver.
In the 2011 run GP was a silver producer and yes it did run hard
to 4 dollars plus.
They are now primarily a gold producer with a smaller silver segment
of roughly 15 percent to cash flow.
The issue here was taking over a mine that was not profitable for
the previous owners.
They have been working hard to turn it around and lower costs.
We have seen some of this in the last quarter.
Additionally the previous compnay did not have cash to further explore
and drill resouces out.
That is why the resouces are so low on the gold property at the moment.
They own a good size property with some exploration showing more gold
that was not defined.
In time I hope these showing will be proven out and resources will
grow.

Additionally since Nixon closed the gold conversion of the US dollar to
gold bacy in 1972 the gold and silver prices have been heavily
manipulated by paper to keep them down.
Now for the first time the physical market is taking over and the banks
cannot contain the prices.
So finally we might see what the true value of gold and silver are.
Central banks have created to much money to justify these low prices
even at todays values.
We are entering a period similar to the 1970's once again.
Stagflation that will see gold and silver move higher because of
physical demand and people wanting to protect themselves in a credit
monetry system.
by AngleEyes3


Great Panther Mining positioned to post strong 2020 after record net
income and operating cash flow in 2Q
The group put the strong results down to the strong rise in the gold
price and record output from its flagship Tucano mine in Brazil



At the Tucano mine alone, output was a record 35,421 ounces in the
quarter compared to 29,899 ounces in the same period last year


Great Panther Mining Limited -
At the Tucano mine alone, output was a record 35,421 ounces in the
quarter compared to 29,899 ounces in the same period last year
Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL),
the precious metals miner, posted a clutch of record numbers
in its second quarter financials, despite the challenges posed
by the coronavirus (COVID-19) pandemic, including
a net income compared to a loss in the same period last year.


The group put the strong results down to the strong rise in the gold
price and record output from its flagship Tucano mine in Brazil.

READ: Noble Capital says Great Panther Mining's 2Q production figures
highlight "solid performance" at Tucano
Net income for the three months to June 30 came in at
a record US$8.5 million compared to a loss of US$5.7 million for the
second quarter of 2019.
Mine operating earnings before non-cash items were
a record US$35.8 million, up 233% on the figure
of US$10.7 million a year ago.

Cash flow from operating activities came in at US$19.5 million, versus a
loss of US$5.5 million in 2Q, 2019.

Revenue for the three months was US$67 million versus US$45.2 million a
year ago, on consolidated gold production across all mines of
36,357 ounces (2Q 2019: 33, 461 ounces).

At Tucano alone, output was a record 35,421 ounces in the quarter
compared to 29,899 ounces in the same period last year.


"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,"
said Great Panther CEO Rob Henderson in a statement.

"This was an impressive result given the unprecedented challenges of
managing COVID-19."

The firm operates the Tucano mine in Brazil and
the Topia and
the Guanajuato Mine Complex (GMC) in Mexico
(where operations restarted in June).


Across the group, Great Panther expects to produce for full year 2020
between 146,000 and 158,000 gold equivalent ounces at all-in sustaining
costs (AISC) in the range of US$1,150 to US$1,250 per gold ounce sold
and is "well positioned" to deliver strong results.

"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," it added.

As at the end of June, the miner held cash and equivalents of
US$60.2 million, an increase from
US$37 million at the end of 2019.

Shares added over 7% in New York to US$0.97.

---Updates for share price---

Contact the author at giles@proactiveinvestors.com

Quick facts: Great Panther Mining Limited
Price: 1.28 CAD

TSX:GPR

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


Gold & Silver bulls starting to break out > ^ > ^ > ^







In GOD We Trust - Real Money -







https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA


My opinions are my own and and DD I post should be confirmed as unbiased