Great Panther Mining Ltd (GPLDF)

[NYBob]

ironyman thank you, the faster the shorts dive for cover
the happieer they will be - )

Current gold price weakness is a buying opportunity before Fed's
Powell speech on Thursday: TD Securities
Anna Golubova Anna Golubova
Tuesday August 25, 2020 10:46
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(Kitco News)
Gold is consolidating ahead of the Federal Reserve Chair Jerome
Powell’s keynote address at the virtual Jackson Hole Symposium on
Thursday, says TD Securities.
It is highly likely that Powell “pre-announce[s] the outcome of the
Monetary Policy Framework Review, which suggests the formal adoption of
average inflation targeting,” TD Securities strategists say.
This major shift in monetary policy will be beneficial for gold, which
is why current weakness is a good buying opportunity, the strategists
add.
“The average inflation targeting framework represents a massive shift
in the macroeconomic template that should continue to support
inflation-hedge assets.
As financial repression continues to suppress real rates, we expect
that capital will seek shelter in precious metals — which suggests
further weakness in the complex represents a buying opportunity.”

By Anna Golubova
For Kitco News

artman; Agreed!! Adding to the portfolio what a steal!!! )


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



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 [e-mail]


Gold Debate: Is A New Gold Standard Coming? (Steve Forbes) -
August 23, 2020

https://www.youtube.com/watch?time_continue=157&v=rs1PH_GLi98&feature=emb_logo


One-On-One with David Garofalo, Chairman Marshall Precious Metals Fund and Great Panther Mining
155 views•Aug 18, 2020

Bloor Street Capital

David Garofalo, Chairman of Marshall Precious Metals Fund and
Great Panther Mining and former President and CEO of Gordcorp,
shares how the Newmont-Goldcorp deal transpired,
his views on gold and bitcoin and what he would do
if he could have a second career.


https://www.youtube.com/watch?v=woFSc8mcS0Q

Great Panther Silver (GPL) Tops Q2 Earnings and Revenue Estimates
Great Panther Silver (GPL) came out with quarterly earnings of
$0.04 per share, beating the Zacks Consensus Estimate of $0.01 per
share.
This compares to loss of $0.02 per share a year ago.
These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 300%.
A quarter ago, it was expected that this silver mining company
would post a loss of $0.01 per share when it actually produced
a loss of $0.02, delivering a surprise of -100%.

Over the last four quarters, the company has surpassed
consensus EPS estimates two times.

Great Panther, which belongs to the Zacks Mining - Silver industry,
posted revenues of $67.03 million for the quarter ended June 2020,
surpassing the Zacks Consensus Estimate by 3.47%.
This compares to year-ago revenues of $45.28 million.
The company has topped consensus revenue estimates three times
over the last four quarters.

The sustainability of the stock's immediate price movement
based on the recently-released numbers and future earnings
expectations will mostly depend on management's commentary
on the earnings call.

Great Panther shares have added about 78.4% since the beginning
of the year versus the S&P 500's gain of 3%.

artman thank you -
Very possible, may even be before Christmas!!!
Q3 financials will have a major impact in delivering higher share
prices once news released and Q4!!!
GPL looking very positive!!

Ex. a fast comparison with ex... Kirkland Lake Gold Corp.
and it had only one producing mine when it was
@ a low $price and it has done very well -
I felt it had more risk for mining -
done in one of the deepest mines in Canada -

GPL/GPR have many more mines and @ this low $price ) -
its a great gold & silver mines bargain opportunity -
Imo!


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

In GOD We Trust - Real Money -







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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