artman thank you, Silver just broke over $26 dollars Gold just broke over $1976 historical times !! GPL will definitely be trading higher highs tomorrow morning and onward!!! I like your prediction valuation over $10 for GPL!! It can happen since GPL is a SILVER and GOLD mine!! Best of both worlds!! $10+ :-))
Great new interview On Silver And Gold with Bill Holter Talk about Bullish .......? Join Greg Hunter of USAWatchdog.com as he goes One-on-One with the new “Mr. Gold” Bill Holter of JSMineset.com.
Trump’s pro-gold nominee moves closer to landing Fed seat Judy Shelton, whose nomination by Trump has faced months of delays, was approved Tuesday by the Senate Banking Committee on a party-line vote.
Judy Shelton Judy Shelton appears before the Senate Banking Committee for a confirmation hearing in February. | J. Scott Applewhite/AP Photo
By VICTORIA GUIDA
07/21/2020 03:26 PM EDT
Facebook Twitter Link More Judy Shelton, the controversial Federal Reserve nominee who long advocated for a return to the gold standard and once questioned the basis for the Fed’s independence from political influence, is one step closer to a seat on the central bank’s board.
Shelton, whose nomination by President Donald Trump has faced months of delays because of skepticism from key Republicans, was approved Tuesday by the Senate Banking Committee on a party-line vote. She must now face a vote before the full chamber.
artman thank you, A must read!!! Foreseeable shares to trade over $10++ Silver just broke over $26 dollars Gold just broke over $1976 historical times !! GPL will definitely be trading higher highs tomorrow morning and onward!!! I like your prediction valuation over $10 for GPL!! It can happen since GPL is a SILVER and GOLD mine!! Best of both worlds!! $10+
ironyman thanks, This thing should be over a dollar....Gonna grow wings one of these days!
Great Panther Silver, Ltd. (GPL) / GPR | NYSE American GPL
Great Panther Reports Second Quarter Production of 38,540 Gold Equivalent Ounces, Including Record Monthly Gold Production at Tucano in June, and Updates 2020 Guidance TSX: GPR | NYSE American: GPL
VANCOUVER, BC, July 9, 2020 /CNW/ -
Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or "the Company") announces second quarter (Q2) 2020 production results from its three 100% owned mines: Tucano in Brazil, and Topia and the Guanajuato Mine Complex (GMC) in Mexico. Consolidated quarterly production totalled 38,540 gold equivalent ounces (Au eq oz) and included record monthly production in June at Tucano since its acquisition in early 2019.
Q2 2020 Highlights
Produced 38,540 Au eq oz on a consolidated basis, including 36,356 gold ounces (Au oz) and 142,457 silver ounces (Ag oz) Produced 35,421 Au oz at Tucano, 35% higher than Q1 2020 and 18% higher than Q2 2019 In June, set new Tucano monthly production record of 15,389 Au oz since acquisition Recommenced production at Topia and GMC following COVID-19 related shutdown in April and May Strengthened the balance sheet with a US$16 million bought deal financing, adding to the March 31, 2020 cash position of US$39 million Great Panther President and CEO Rob Henderson commented, "In Brazil, Tucano outperformed this quarter despite the challenges of COVID-19, and in Mexico, Topia and GMC have returned to stable production following the lifting of government mandated restrictions on mining. I would like to thank our teams for delivering these strong results while prioritizing the safety and health of our people and communities and adjusting to these unprecedented times."
On a consolidated basis, Great Panther expects to produce 146,000-158,000 Au eq oz in 2020. This reflects the addition of 2020 production guidance for Topia which is being provided for the first time. Details are included in the 2020 Guidance section near the end of this news release.
Q2 2020 production results are preliminary and subject to adjustment with Great Panther's Q2 2020 earnings results, scheduled for release after the close of markets on August 5, 2020. A conference call will follow on August 6, 2020.
SILVER Bullion Price To Hit $50?!! (Here's why..) 3,099 views•Jul 26, 2020
artman thank you, Silver just broke over $26 dollars Gold just broke over $1976 historical times !! GPL will definitely be trading higher highs tomorrow morning and onward!!! I like your prediction valuation over $10 for GPL!! It can happen since GPL is a SILVER and GOLD mine!! Best of both worlds!! $10+
RE: Bob, At EOD last Friday, the daily short interest was 32.49%.....Someone is for sure is getting a margin call today. This stock is only following the metals price. Just wait til they start having net earnings and production increases.
POG 2000 Gold > All the Tesla investors are going to come i ironyman thanks, POG 2000 Gold >
All the Tesla investors are going to come in the space at 2000 gold...get your shares now while they are affordable!!...when fomo starts we could reach pe ratios of around 25 to 50....YEAH! I am just sitting back and enjoying the ride now ex....by Sergio
Silver $50 Target price on it *GPL* $5 TARGET PRICE START COME BACK - Still a gold & silver bargain - GPL had not the rich gold mines @ $5 New Fair Target $10 @ new LT bull trend -
The End Of The Dollar Era Approaching - 18,891 views•Premiered 23 hours ago
David Garofalo Chairman of the Board at Great Panther Mining Limited.
Mr Garofalo is a globally recognized c-suite executive with 30 years of experience in the creation and growth of multi-billion dollar sustainable mining businesses across multiple continents. Recently Mr. Garofalo served as the President, Chief Executive Officer & Director of Goldcorp until its US$ 10 billion merger with Newmont Mining. Prior to joining Goldcorp (2016-2019), he was President, Chief Executive Officer and Director of Hudbay Minerals (2010 – 2015) and prior to that he served as Senior Vice-President, Finance and Chief Financial Officer of Agnico Eagle (1998 – 2010). Mr. Garofalo was awarded Canada’s CFO of the Year by Financial Executives International Canada (2009) and Top Gun CFO by Brendan Wood International (2009 and 2010) and was recognized by IR Magazine with awards for Best Investor Relations by a CFO (2009 and 2010) and Best Investor Relations by a CEO (2011). Also recognized as The Northern Miner’s Mining Person of the Year for 2012. Mr. Garofalo is also currently the Chairman and Chief Executive Officer of the Marshall Precious Metals Fund.
The Assay: David Garofalo, Marshall Precious Metals Fund and Great Panther Mining
David he's about to do another one of those....as a shareholder since the beginning of Goldcorp Inc. I trust him....
At that time GPR owned the great silver mines and still own them - GPR, and on the NYSE American under the symbol GPL.
Tucano Gold Mine is located in Amap State in northern Brazil. The mine is approximately 200 kilometres from Macap, the state capital. It is currently the second largest gold producer in Brazil, producing around 145,000 ounces per year from several open pit mines with ore processed through SAG mill and CIL infrastructure, capable of treating sulphide ore. Ex.... Great Panther acquired the Tucano Gold Mine in March 2019.
The charts history often repeat itself but with Tucano Gold Mine and David as the Chairman the GPR shares price may go many times higher than it done in the past, time will tell, Imo!
Trump’s pro-gold nominee moves closer to landing Fed seat Judy Shelton, whose nomination by Trump has faced months of delays, was approved Tuesday by the Senate Banking Committee on a party-line vote.
Judy Shelton Judy Shelton appears before the Senate Banking Committee for a confirmation hearing in February. | J. Scott Applewhite/AP Photo
By VICTORIA GUIDA
07/21/2020 03:26 PM EDT
Judy Shelton, the controversial Federal Reserve nominee who long advocated for a return to the gold standard and once questioned the basis for the Fed’s independence from political influence, is one step closer to a seat on the central bank’s board.
Shelton, whose nomination by President Donald Trump has faced months of delays because of skepticism from key Republicans, was approved Tuesday by the Senate Banking Committee on a party-line vote. She must now face a vote before the full chamber.
Kirkland Lake Gold Corp. had only one producing mine when it was @ a low $price and it has done well - I felt it had more risk for mining was done in one of the deepest mines in Canada -
GPL/GPR have more @ this low $price - great gold & silver mines bargain opportunity - Imo!
Gold & Silver bulls starting to break out > ^ > ^ > ^
Former US Treasury Official: When Gold Hits $2,500-$3,000 The Fed Will See The Writing On The Wall September 05, 2020
Today former U.S. Treasury official Dr. Paul Craig Roberts told King World News when the price of gold hits $2,500-$3,000 an ounce, the Fed will see the writing on the wall.
$2,500-$3,000 Gold September 5 (King World News) – Dr. Paul Craig Roberts:
“We have a measure of the US dollar’s struggle in the rising price of gold and silver. Of course the gold price is only back up to what it was in 2011, but it has come back up a long way.
And it doesn’t seem that the authorities are able to knock it down as easily as they were previously doing by selling naked shorts on the COMEX futures market.
So the dollar is under pressure. If that pressure intensifies, that’s when it comes home to the Fed.
I suppose if gold hits $2,500 an ounce or $3,000 an ounce, then the Fed has got to see the writing on the wall…to continue listening to the powerful audio interview with former US Treasury Secretary Dr. Paul Craig Roberts where he discusses the coming crisis, gold, silver, the everything bubble and how it will end and more click here or on the image below.
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 giles@proactiveinvestors.com
Gold Debate: Is A New Gold Standard Coming? (Steve Forbes) - August 23, 2020
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.
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 > ^ > ^ > ^
3 Reasons Silver Bulls Could Soon Be Handsomely Rewarded By Peter KrauthCommoditiesSep 16, 2020 12:51AM ET Peter Krauth Peter Krauth
They say patience is a virtue. Well, if anyone is virtuous these days, it has to be silver bulls.
They also say good things come to those who wait. I believe those good things will be coming…in spades.
Silver reached just shy of $50 back in April 2011. A decade later, we're still just barely above half that level.
But that's all about to change.
Since bottoming in March, gold has rocketed to a new all-time high near $2,070 in early August, up 40%.
But silver's trough-to-peak gains have put gold's to shame. The white metal bottomed in March near $12, then soared to a $29 peak, also in early August, for a blistering 140% gain in just 4½ months.
When silver really gets going, it can surprise even the most ardent of silver bulls. And odds are it's going to go on several more runs like this in the future.
Here's what's making this metal tick, and why what lies ahead for silver is going to surprise us all.
1. Silver's Monetary Side It's widely accepted that silver is both an industrial metal and a monetary metal. But now that precious metals are in a secular bull market, silver's monetary side is likely to have an outsized impact.
If we look at how silver compares to gold in bull runs, it turns out silver has outperformed five of the last six times.
Silver Comparative Price Vs Rising Gold PricesSilver Comparative Price Vs Rising Gold Prices That's likely going to happen again this time, and the main driver will be investment demand.
According to the Silver Institute's Annual World Silver Survey, silver investment demand was up 12% in 2019 over the previous year. The Institute recently reported that in the first half of 2020, investors hoarded 10% more silver than in H1 2019, mostly through buying silver-backed exchange-traded products (ETPs). As a result, ETPs have been setting successive record high levels of holdings this year.
Total Silver Demand 2019Total Silver Demand 2019 What's more, it's estimated that just 6% of all above-ground silver is in investment form like coins or bars. The rest is almost evenly split between industrial uses and jewelry/decorative uses.
2. Challenged Silver Supply Besides rapidly growing investment demand, one of the biggest drivers of higher silver is going to be limited new supply.
Just 28.7% of new silver supply comes from primary silver mines. 71% of newly mined silver is only produced as a by-product of other
$16 Billion Ohio Police & Fire Pension Fund Approves A 5% Allocation For Gold Profile picture for user Tyler Durden by Tyler Durden Sun, 08/30/2020 - 10:40
Ohio's $16 billion Police & Fire Pension Fund is following in the steps of Warren Buffett and making a big statement about owning gold. It has approved a 5% allocation to gold to help diversify the fund's portfolio and to "hedge against the risk of inflation" according to Bloomberg.
The change was approved as "the first step" in an ongoing asset review that was presented to the fund's board on August 26.
The fund was following the advice of its investment consultant, Wilshire Assocaites, in adding the gold allocation, according to Pensions & Investments. Additionally, the fund plans on adding the gold stake by borrowing; the fund is reportedly increasing its leverage from 20% to 25% to make the change.
"No new manager has been selected, and there currently is no timeline for implementing this change," P&I reported.
Gold & Silver bulls starting to break out > ^ > ^ > ^
Looks Good ... Got some more GPL today ... We will see incredible profits over the next year .... GLTA - Shermann
Great Panther Mining Limited (GPL) - Mining & Metals Vancouver, British Columbia 8,159 followers; please find; here good and factual info about our Great Panther Mining Limited;
A New Intermediate Gold and Silver Producer See jobs Follow Lucie Jim Fernando A. View all 257 employees
About us
Great Panther Mining Limited is an intermediate gold and silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL.
Great Panther operates three mines including The Tucano Gold Mine in Amapá State, Brazil, and two primary silver mines in Mexico: The Guanajuato Gold & Silver Mines Complex and The Topia Silver Mine.
Great Panther also owns The Coricancha Gold Mine Complex in Peru and, having executed a successful bulk sample mining program in accordance with the May 2018 PEA for the project restart, the Company is establishing the conditions under which a restart of production can be implemented.
Industries Mining & Metals Company size 1001-5000 employees Headquarters Vancouver, British Columbia Type Public Company Specialties Precious Metals, Mining, Base Metals, Silver Producer, Silver Mining, Gold, gold producer, Brazil, Brasil, Peru, Mexico, and Gold Mining Locations Primary
200 Granville Street Suite 1330 Vancouver, British Columbia V6C 1S4, CA
Great Panther Announces Updated Mineral Resource Estimates at GMC; Measured and Indicated Resources Increase by 17% and Inferred Resources More than Double - TSX: GPR | NYSE American: GPL
(All dollar amounts expressed in US dollars unless otherwise noted)
Great Panther Restarts Operations at Topia TSX: GPR | NYSE American: GPL
VANCOUVER, BC , Dec. 17, 2020 /CNW/ -
Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company") has re-started operations at Topia following a voluntary suspension last month to prioritize the health of its workforce and local community and limit the spread of COVID-19.
All employees and contractors have attended safety induction and enhanced COVID-19 protocol training. Mining resumed on December 17 and the plant is expected to begin processing ore on December 21 .
Testing and tracing of COVID-19 are part of the comprehensive protocols Great Panther has implemented across all of its operations in response to the pandemic. The Company will continue working closely with local government and regional health authorities to ensure continued safe operations.
The suspension of operations lasted approximately 30 days and is not expected to impact Great Panther's ability to achieve consolidated 2020 production guidance. For the three months ended September 30, 2020 , Topia produced an average of approximately 1,400 gold equivalent ounces per month and accounted for approximately 9% of the Company's revenues.
Great Panther reaffirms its commitment to the safety of its people and the communities in which it operates.
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.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements ---The foregoing list of assumptions is not exhaustive.
These forward-looking statements involve known and unknown risks, uncertainties and other factors ----
Great Panther Announces Updated Mineral Reserve and Mineral Resource Estimates and Provides Exploration Update at Tucano Tue., December 15, 2020, 4:30 a.m. PST (All dollar amounts expressed in US dollars unless otherwise noted)
TSX: GPR | NYSE American: GPL
VANCOUVER, Dec. 15, 2020 /CNW/ -
Great Panther Mining Limited (TSX: GPR; NYSE-A: GPL) ("Great Panther" or the "Company") has completed updated Mineral Reserve and Mineral Resource (MRMR) estimates for its 100% owned Tucano mine in Brazil. This updated MRMR has an effective date of September 30, 2020.
Highlights
Proven and Probable (P&P) Mineral Reserves are now estimated to be 629K gold ounces, of which 299K ounces are open pit reserves. This represents a replacement of depleted reserves since the previous MRMR estimate.
Measured and Indicated (M&I) Mineral Resources, which are inclusive of Reserves, now total 953K gold ounces. In the Tucano open pit, M&I Resources are 561K gold ounces, an increase of 28% since September 2019.
Inferred Resources now total 534K gold ounces.
This MRMR reflects results of near-mine drilling up to the end of July 2020 focused on the TAP AB pits which represents approximately two kilometres of the seven-kilometre mining trend. Drilling of near-mine targets continued at TAP AB and Urucum in the second half of the year. Exploration drilling will continue on these targets and the area between TAP AB and Urucum in 2021.
Three diamond drills and a one reverse circulation (RC) rig are working on near-mine resource definition/conversion. Ongoing rotary air blast (RAB) drilling is also targeting regional potential with the current focus being Mutum and Saraminda, two of seven regional priority targets.
Great Panther President and CEO Rob Henderson commented: "We have successfully replaced 2020 mining depletion and added another year to the mine life at Tucano. The updated MRMR estimate provides us with a higher level of confidence for future mine and operational planning and we are confident that, in parallel, we can unlock the larger potential of the region.
"Going forward we will be aggressively advancing opportunities for resource growth and mine life extension on multiple fronts," added Mr. Henderson. "We are actively drilling, both near the mine and in the extensive and largely under-explored regional land package."
This MRMR update uses the same rigorous approach to Mineral Resource and Mineral Reserve estimation adopted in 2019 (refer to the NI 43-101 Technical Report on the Tucano Gold Mine completed by Roscoe Postle Associates Inc. (RPA) dated March 25, 2020). The key difference between the 2019 and this 2020 MRMR is that the Mineral Resource models for the Urucum and TAP AB deposits, which are the focus of production in 2021, were estimated using wireframes constructed using 0.3 grams per tonne (g/t) gold cut-off for the oxide zone and 0.4 g/t gold cut-off for the sulphide zone, compared to a single cut-off of 0.5 g/t gold used in 2019. The new wireframes were produced to improve the understanding of the geologic model and provide a more accurate picture of resource continuity for block modelling.
Table 1 – Tucano Mineral Reserve Estimates as of September 30, 2020
US Debt Clock Silver$3,073:- Ag Ratio To Dollar May 27, 2020 - US Debt Clock Has Dollar To Gold Ratio At $33,890 Per Oz - Ex.... This video is about silver and the Us debt clock! 1,394 views•May 27, 2020
Bill Murphy: COMEX To Hit The Wall - US$100 Silver Explosion 8,230 views•Dec 12, 2020
As Good As Gold Australia 14.6K subscribers In this absorbing interview with Bill Murphy, Chairman of GATA (The Gold Anti-Trust Action Committee), Brian and Darryl Panes from As Good As Gold Australia seek to uncover the process used by the Gold Cartel to manipulate precious metal prices around the world.
Who Is The Gold Cartel? How long have they been operating? Do they have a long-term future or are they about to hit the wall?
Bill believes they are out of ammunition, and gold and silver prices are on the brink of a major explosion. It will come from nowhere and we'll have rocketing precious metal prices and US$100 Silver in an instant.
Gold has returned in excess of 20 percent per annum over the last 20 years. That makes it the best investment in the world during that time frame, and the best is yet to come.
This is going to be a long and arduous journey. Are you ready for it? Gold and silver will continue to be your best form of insurance for wealth protection. It's all here!
Underground at Great Panther's Guanajuato mine complex. Credit: Great Panther Silver. POSTED BY: MARILYN SCALES DECEMBER 15, 2020
Gold and silver producer Great Panther Mining (TSX: GPR; NYSE-AM: GPL) has tabled a mineral reserve and mineral resource (MRMR) update for its wholly owned Tucano open pit mine in Brazil. According to Rob Henderson, Great Panther’s president and CEO, the update has successfully replaced this year’s mining depletion at the site and added another year of mine life.
The latest proven and probable reserves total 9.8 million tonnes grading 2 grams gold per tonne, for 629,000 ounces. This includes an open-pittable subset of 5.6 million tonnes at 1.67 grams gold per tonne, for a total of 299,000 oz. and an underground inventory of 2.2 million tonnes at 4.13 grams gold, host to 288,000 ounces. The headline reserve numbers also include 2 million tonnes grading 0.64 gram gold in stockpiles.
Total measured and indicated resources, inclusive of reserves, now total 16.2 million tonnes at 1.83 grams gold and contain 953,000 oz. of gold. The open pit measured and indicated portion resource portion stands at 11.1 million tonnes grading 1.57 grams gold, for a total of 561,000 ounces.
Further inferred resources now feature 6 million tonnes at 2.77 grams gold, totalling 534,000 ounces.
The reserves and resources are estimated based on cut-off grades between 0.3 gram gold and 2.1 grams gold and include the results of drilling up to the end of July – this drilling focused on the TAP AB pits, which cover approximately 2 km of a seven-km trend.
“Going forward, we will be aggressively advancing opportunities for resource growth and mine life extension on multiple fronts,” Henderson stated in the press release. “We are actively drilling, both near the mine and in the extensive and largely under-explored regional land package.”
Three diamond drills and one reverse circulation rig are working on near-mine resource definition and conversion. Rotary air blast drilling is also focused on two (out of seven) regional targets.
This year, Great Panther started a 55,000-metre, US$7-million drill program at Tucano, with 23,000 metres completed to date. The focus of the drilling is threefold, and includes near-mine exploration, underground exploration and regional work.
Great Panther’s exploration package covers approximately 2,000 sq. km, and extends over 90 km of the Vila Nova greenstone belt.
In the third quarter, Tucano generated 31,803 gold oz., at all-in sustaining costs of US$1,061 per ounce sold.
This article first appeared in the Canadian Mining Journal, part of Glacier Resource Innovation Group.
Great Panther Restarts Operations at Topia TSX: GPR | NYSE American: GPL
VANCOUVER, BC , Dec. 17, 2020 /CNW/ -
Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company") has re-started operations at Topia following a voluntary suspension last month to prioritize the health of its workforce and local community and limit the spread of COVID-19.
All employees and contractors have attended safety induction and enhanced COVID-19 protocol training. Mining resumed on December 17 and the plant is expected to begin processing ore on December 21 .
Testing and tracing of COVID-19 are part of the comprehensive protocols Great Panther has implemented across all of its operations in response to the pandemic. The Company will continue working closely with local government and regional health authorities to ensure continued safe operations.
The suspension of operations lasted approximately 30 days and is not expected to impact Great Panther's ability to achieve consolidated 2020 production guidance. For the three months ended September 30, 2020 , Topia produced an average of approximately 1,400 gold equivalent ounces per month and accounted for approximately 9% of the Company's revenues.
Great Panther reaffirms its commitment to the safety of its people and the communities in which it operates.
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.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements ---The foregoing list of assumptions is not exhaustive.
These forward-looking statements involve known and unknown risks, uncertainties and other factors ----
Great Panther Announces Updated Mineral Reserve and Mineral Resource Estimates and Provides Exploration Update at Tucano Tue., December 15, 2020, 4:30 a.m. PST (All dollar amounts expressed in US dollars unless otherwise noted)
TSX: GPR | NYSE American: GPL
VANCOUVER, Dec. 15, 2020 /CNW/ -
Great Panther Mining Limited (TSX: GPR; NYSE-A: GPL) ("Great Panther" or the "Company") has completed updated Mineral Reserve and Mineral Resource (MRMR) estimates for its 100% owned Tucano mine in Brazil. This updated MRMR has an effective date of September 30, 2020.
Highlights
Proven and Probable (P&P) Mineral Reserves are now estimated to be 629K gold ounces, of which 299K ounces are open pit reserves. This represents a replacement of depleted reserves since the previous MRMR estimate.
Measured and Indicated (M&I) Mineral Resources, which are inclusive of Reserves, now total 953K gold ounces. In the Tucano open pit, M&I Resources are 561K gold ounces, an increase of 28% since September 2019.
Inferred Resources now total 534K gold ounces.
This MRMR reflects results of near-mine drilling up to the end of July 2020 focused on the TAP AB pits which represents approximately two kilometres of the seven-kilometre mining trend. Drilling of near-mine targets continued at TAP AB and Urucum in the second half of the year. Exploration drilling will continue on these targets and the area between TAP AB and Urucum in 2021.
Three diamond drills and a one reverse circulation (RC) rig are working on near-mine resource definition/conversion. Ongoing rotary air blast (RAB) drilling is also targeting regional potential with the current focus being Mutum and Saraminda, two of seven regional priority targets.
Great Panther President and CEO Rob Henderson commented: "We have successfully replaced 2020 mining depletion and added another year to the mine life at Tucano. The updated MRMR estimate provides us with a higher level of confidence for future mine and operational planning and we are confident that, in parallel, we can unlock the larger potential of the region.
"Going forward we will be aggressively advancing opportunities for resource growth and mine life extension on multiple fronts," added Mr. Henderson. "We are actively drilling, both near the mine and in the extensive and largely under-explored regional land package."
This MRMR update uses the same rigorous approach to Mineral Resource and Mineral Reserve estimation adopted in 2019 (refer to the NI 43-101 Technical Report on the Tucano Gold Mine completed by Roscoe Postle Associates Inc. (RPA) dated March 25, 2020). The key difference between the 2019 and this 2020 MRMR is that the Mineral Resource models for the Urucum and TAP AB deposits, which are the focus of production in 2021, were estimated using wireframes constructed using 0.3 grams per tonne (g/t) gold cut-off for the oxide zone and 0.4 g/t gold cut-off for the sulphide zone, compared to a single cut-off of 0.5 g/t gold used in 2019. The new wireframes were produced to improve the understanding of the geologic model and provide a more accurate picture of resource continuity for block modelling.
Table 1 – Tucano Mineral Reserve Estimates as of September 30, 2020
News 
Market Data 
Discover 
