GREAT PANTHER MINING (NYSEAMERICAN:GPL) PRICE TARGET AND CONSENSUS RATING
3 Wall Street analysts have issued ratings and price targets for Great Panther Mining in the last 12 months. Their average twelve-month price target is $1.88, predicting that the stock has a possible upside of 124.20%.
The high price target for GPL is $2.75 and the low price target for GPL is $1.00. There are currently 3 buy ratings for the stock, resulting in a consensus rating of "Buy." artman thanks :-))
Great Panther Reports Third Quarter 2020 Production of 39,788 Gold Eq Ounces TSX: GPR | NYSE American: GPL
Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or "the Company") announces third quarter (Q3) 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 39,788 gold equivalent ounces (Au eq oz), positioning Great Panther on track to meet full-year 2020 guidance of 146,000 to 158,000 Au eq oz.
Q3 2020 Highlights
Produced 39,788 Au eq oz on a consolidated basis – a 3% increase over Q2 2020 – including 34,030 gold ounces (Au oz) and 375,427 silver ounces (Ag oz) Produced 93,401 Au oz at Tucano for the nine months ended September 30, 2020 , 4% higher than for the same period in 2019 On track to meet 2020 full year guidance of 146,000 to 158,000 Au eq oz Great Panther President and CEO Rob Henderson commented, "We delivered a solid quarter of steady state operations at all of our mines in Q3, in spite of the challenges of managing COVID-19. As Tucano transitioned from Urucum Central North to mining in the southern pits, throughput was slightly lower, but operations remain on track to meet full year guidance. In Mexico, both mines reported a full quarter of operations despite challenging conditions related to controls in place for COVID-19. All in, the mines are operating well, while we continue to put the health and safety of our people and communities first and foremost."
Q3 2020 production results are preliminary and subject to adjustment with Great Panther's Q3 2020 earnings results, scheduled for release before market open on November 5, 2020 . A conference call will follow at 9am PST / 12pm EST .
COVID-19 Response
Great Panther has developed and implemented significant 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. Protocols include mandatory medical screening and testing on arrival at site, training sessions on health awareness and health and safety protocols, physical distancing and increased sanitation measures, and updated operating procedures. Specific areas have been prepared for the isolation, testing and care of employees showing COVID-19 symptoms. All confirmed cases of COVID- 19 are in isolation and being monitored by Company health professionals with regular reports to health authorities.
$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 > ^ > ^ > ^