$Great Panther Achieves 2020 Guidance with Production of 150,051 Gold Equivalent Ounces TSX: GPR | NYSE American: GPL VANCOUVER, BC , Jan. 14, 2021 /CNW/ -
Great Panther Mining Limited (TSX: GPR; NYSE-A: GPL) ("Great Panther" or "the Company") announces its fourth quarter (Q4) and annual 2020 production results from its three 100% owned mines: Tucano in Brazil , and Topia and the Guanajuato Mine Complex (GMC) in Mexico .
2020 Production Highlights
Tucano's production increased to 125,417 gold ounces (Au oz) Consolidated metal production of 150,051 gold equivalent ounces ("Au eq oz"), inclusive of 133,031 Au oz and 1,118,094 silver ounces (Ag oz), a 2% increase over 2019 Achievement of consolidated guidance range of 146,000 - 158,000 Au eq oz
Fourth Quarter 2020 Production Highlights
Tucano produced 32,017 Au oz Consolidated metal production of 36,997 Au eq oz, including 33,703 Au oz and 225,477 Ag oz Topia successfully restarted production in December following a voluntary suspension in November to safeguard the health of its workforce and local community against the spread of COVID-19
"We delivered on our 2020 production guidance and produced more gold last year than in 2019, despite the challenges of COVID-19. Our teams in Brazil , Mexico , and Peru did a tremendous job prioritizing health and safety, while still achieving profitable production and executing our exploration programs", stated Rob Henderson , President and CEO. "The Mineral Reserve and Resource update for our flagship Tucano mine, announced in December, has allowed for an extension of the life of the Urucum and Taperaba pits, and the latest mine plan will see a transition to mining higher grades in 2022 and 2023. Exploration activity at Tucano in 2021 is planned to ramp up, with a focus on identifying regional opportunities, proving up the underground potential and expanding the existing open pits. In 2021, consolidated gold equivalent production from the Tucano, GMC and Topia mines is expected to be 135,000 to 150,000 Au eq oz."
COVID-19 Response
Great Panther has developed and implemented effective 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.
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