Sunday, November 15, 2020 1:37:48 AM
multi Au & Ag mines have great reserves )
I prefer Au & Ag mines best hardrock asset safety )
Great Panther Reports Third Quarter 2020 Financial Results, Including
Record Net Income of $19 Million and Closing Cash of $67 Million
A G R O W I N G
D I V E R S I F I E D G O L D
A N D S I L V E R
P R O D U C E R
I N T H E A M E R I C A S -
https://www.greatpanther.com/_resources/presentations/corporate-presentation.pdf?v=0.127
https://www.greatpanther.com/news-media/news/great-panther-reports-third-quarter-2020-financial-results-including-record-net-income-of-19-million-and-closing-cash-of-67-million
https://www.greatpanther.com/operations/operations-overview/
https://www.greatpanther.com/_resources/presentations/factsheet.pdf?v=0.604
https://www.greatpanther.com/
https://www.marketwatch.com/press-release/great-panther-reports-third-quarter-2020-financial-results-including-record-net-income-of-19-million-and-closing-cash-of-67-million-2020-11-05-71833051?mod=mw_quote_news_seemore
https://www.greatpanther.com/news-media/news/great-panther-reports-third-quarter-2020-financial-results-including-record-net-income-of-19-million-and-closing-cash-of-67-million
Great Panther Reports Third Quarter 2020 Financial Results, Including
Record Net Income of $19 Million and Closing Cash of $67 Million
TSX: GPR | NYSE American: GPL
(All dollar amounts expressed in US dollars unless otherwise noted)
VANCOUVER, BC , Nov. 5, 2020 /CNW/ -
Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great
Panther" or the "Company") reports unaudited consolidated financial
results for the third quarter of 2020 (Q3 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 PST / 12.00pm EST today, November 5, 2020 .
Dial-in and login details are provided at the end of this news release.
Great Panther President and CEO Rob Henderson commented:
"We delivered a solid quarter of steady state operations at all of our
mines in Q3 2020, despite the challenges of managing COVID-19.
Strong gold and silver prices and continued improvement of our AISC
translated to record financial results and continued to strengthen the
balance sheet.
We are well positioned to meet our full-year production
and cost guidance while maintaining the highest health and safety
protocols for our teams in Brazil , Mexico and Peru ."
Q3 2020 Highlights
Financial
Revenue of $77.0 million , representing an 8% increase over Q3 2019
Record net income of $18.6 million ( $0.05 per share)
Record mine operating earnings before non-cash items 1 of $42.1 million ( $0.12 per share)
Record adjusted EBITDA 1 of $34.9 million
Record cash flow from operating activities of $19.7 million ( $0.06 per share)
AISC excluding corporate G&A of $1,023 per gold ounce (oz) sold 1
Cash and cash equivalents at September 30, 2020 of $66.6 million
Operational
Operational
Production of 39,788 gold equivalent ounces (Au eq oz) 2
Throughout this news release and the accompanying Management's
Discussion and Analysis for the period ended September 30, 2020
(the"Q3 2020 MD&A"), Great Panther has included the non-Generally
Accepted
Accounting Principles ("non-GAAP") performance measures cash costs per
gold oz sold, cash costs per payable silver oz, all-in sustaining costs
("AISC") per gold oz sold excluding corporate general and
administrative ("G&A") expenditures, AISC per gold oz sold, AISC per
payable silver oz, mine 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.
Refer to the Non-GAAP Measures section of the Q3 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
https://www.greatpanther.com/news-media/news/great-panther-reports-third-quarter-2020-financial-results-including-record-net-income-of-19-million-and-closing-cash-of-67-million
https://www.greatpanther.com
Gold & Silver bulls starting to break out > ^ > ^ > ^
https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo
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
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