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Great Panther Mining eyeing growth at its mines in the Americas along with accretive acquisition opportunities

Last updated: 07:08 03 Oct 2022 EDT, First published: 08:34 05 Nov 2020 EST

Snapshot

  • Newrange Gold and Great Panther Mining announce termination of agreement to acquire Coricancha mine
  • Great Panther Mining looking for better production in 2022 after challenging last half of the year
Great Panther Mining Limited -

About the company

Great Panther Mining Ltd 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, an advanced development project and a large land package with district-scale potential. Great Panther is focused on creating long-term stakeholder value through safe and sustainable production, reinvesting into exploration and 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.

How it is doing

25 Nov 2022

Newrange Gold Corp. (TSX-V:NRG, OTCQB:NRGOF) and Great Panther Mining Limited (TSX:GPR, NYSE:GPL) are terminating their share purchase agreement for Newrange to acquire the Coricancha gold-silver-copper-lead-zinc mine in Peru.

Newrange CEO and president Robert Archer said they were deeply disappointed to have arrived at this outcome.

“We have been working on this acquisition since March and believe strongly in the potential of the Coricancha Mine,” Archer said. “However, the current market for mining stocks, one of the worst in decades, has created a serious impediment to financing, especially for new acquisitions."

"While we attempted to gain an extension to the closing date, the intransigence of Great Panther’s creditors has, regrettably, made that impossible," Archer added.

03 Oct 2022

Great Panther Mining Limited (TSX:GPR, NYSE:GPL) has announced key management changes as part of its strategic initiative to reposition the company, including the appointment of a new chief executive officer.

The company said Sandra Daycock will assume the role of President & CEO and will resign from the position of Chief Financial Officer (CFO) effective October 17, 2022, while Alan Hair will resign as interim CEO and will resume the position of Non-Executive Chair of the Board, effective the same date, and Shawn Turkington, the company's Vice President, Finance, will assume the role of CFO.

13 Sep 2022

Great Panther Mining Limited (TSX:GPR, NYSE:GPL) announced that it has inked a letter of intent to sell its Coricancha mine in Peru to Newrange Gold Corp. (TSX-V:NRG, OTCQB:NRGOF)

The sale, which encompasses 100% of Great Panther’s Peruvian subsidiaries, Great Panther Silver Peru SAC and Great Panther Coricancha SAC, will net the Canadian mining company US$750,000 payable in cash.

What management says

04 Nov 2021

Great Panther Mining CEO Rob Henderson joined Steve Darling from Proactive to share news the company has released their 3rd quarter financials which showed the challenges the company has faced with lower than planned production. Henderson discusses the reason behind those challenges at their three wholly-owned mines that stretched into the fourth quarter and what that means for 2022.

Henderson also shared with Proactive the company is looking to focus mining activities for the first half of 2022 on TAP AB, Tap C and Urucum North. Those plans also include accelerating their decision to develop the high-grade underground mine at the Urucum North deposit

Great Panther Mining looking for better production in 2022 after challenging...

Great Panther Mining CEO Rob Henderson joined Steve Darling from Proactive to share news the company has released their 3rd quarter financials which showed the challenges the company has faced with lower than planned production. Henderson discusses the reason behind those challenges at their...

on 4/11/21