Great Panther Silver Ltd.
Great Panther Silver Ltd. (TSX: GPR) (NYSE MKT: GPL) (“Great Panther”; or the “Company”) reported financial results for the Company's year ended December 31, 2016. The full version of the Company's consolidated financial statements and Management's Discussion and Analysis (“MD&A”) can be viewed on the Company's website at www.greatpanther.com or SEDAR at www.sedar.com.
“Improved metal prices, combined with a 20% reduction in our all-in sustaining costs to $10.99, resulted in Great Panther delivering a 404% increase in mine operating earnings in 2016,” stated Robert Archer, President & CEO. “Significantly improved operating cash flow, combined with the proceeds of financings completed in 2016, enabled us to end the year with $67 million in net working capital, no debt, and positions us well to capitalize on growth opportunities such as the recently signed Coricancha acquisition.”
About Great Panther Silver Ltd.
Great Panther Silver Limited is a primary silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE MKT trading under the symbol GPL. Great Panther's current activities are focused on the mining of precious metals from its two wholly-owned operating mines in Mexico: the Guanajuato Mine Complex, which includes the San Ignacio Mine, and the Topia Mine in Durango. In addition, the Company has recently signed an agreement to acquire a 100% interest in the Coricancha Mine Complex in the central Andes of Peru.
To view Great Panther Silver’s Fiscal Year 2016 Financial Results click here
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