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Great Panther provides an update on Mexican operations as government extends coronavirus lockdown

The precious metals producer plans to evaluate and seek the opportunity to qualify for any exemptions to resume work in Mexico after May 18

Great Panther Mining Limited - Great Panther provides an update on Mexican operations as government extends coronavirus lockdown
Monthly production from Great Panther's Mexican operations accounts for around 2% of annual group output on a gold equivalent ounce basis

Great Panther Mining Ltd (TSE:GPR) (NYSEAMERICAN:GPL) has said that it will adhere to the Mexican government’s coronavirus (COVID-19) lockdown order extending the suspension of non-essential activities in the country till May 30, but added that it would also evaluate if the company qualified for any exemptions to resume work earlier.

The Mexican government directive provides for a potential restart of operations after May 18, for activities located in municipalities exhibiting “low, or no, cases of COVID-19.”

READ: Great Panther Mining temporarily suspends operations in Mexico to mitigate coronavirus spread

The precious metals producer said it continues “to comply with the directive and will evaluate and seek the opportunity to qualify for the noted exemption.”

Great Panther’s activity at its Guanajuato Mine Complex (GMC) and the Topia mine in Mexico were scheduled to temporarily cease until April 30, in line with the first coronavirus lockdown directive issued by the Mexican government on March 31.

Monthly production from Great Panther's Mexican operations accounts for around 2% of annual group output on a gold equivalent ounce basis, the firm noted in a statement.

Its Tucano gold mine in Brazil, where mining and processing currently continues uninterrupted, accounts for the remainder of Great Panther's production.

Contact the author Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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