PR Newswire
VANCOUVER, April 11, 2017
TSX: GPR
NYSE MKT: GPL
VANCOUVER, April 11, 2017 /PRNewswire/ - GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) ("Great Panther"; the "Company") announces production results for the first quarter ("Q1") 2017 from its two wholly-owned Mexican silver mining operations: the Topia Mine in Durango and the Guanajuato Mine Complex ("GMC"), which includes the San Ignacio Mine.
First Quarter 2017 Production Highlights (Compared to First Quarter 2016)
"The planned suspension of milling operations at Topia was in effect throughout the entire first quarter and had an obvious impact on our overall metal production," stated Robert Archer, President & CEO. "However, we continued mining at Topia throughout this period, and with the commissioning of the upgraded plant and the new tailings handling facility now underway, we have commenced the processing of ore stockpiled during the shutdown. This will continue through the balance of the year, such that we anticipate meeting our annual guidance."
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Consolidated Operations Summary | Q1 2017 | Q1 2016 | Change | Q1 2017 | Q4 2016 | Change |
Ore processed (tonnes milled) | 82,456 | 88,683 | -7% | 82,456 | 92,869 | -11% |
Silver equivalent ounce production1, 2 | 727,372 | 1,009,828 | -28% | 727,372 | 883,772 | -18% |
Silver ounce production | 364,995 | 539,472 | -32% | 364,995 | 460,571 | -21% |
Gold ounce production | 5,177 | 5,599 | -8% | 5,177 | 5,206 | -1% |
Lead production (tonnes) | - | 282 | - | - | 213 | - |
Zinc production (tonnes) | - | 424 | - | - | 315 | - |
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(1) | Silver equivalent ounces for 2017 were calculated using a 70:1 Ag:Au ratio, and ratios of 1:0.0559 and 1:0.0676 for the price/ounce of silver to price/pound of lead and zinc, respectively. |
(2) | Silver equivalent ounces for 2016 were calculated using a 70:1 Ag:Au ratio, and ratios of 1:0.0504 and 1:0.0504 for the price/ounce of silver to price/pound of lead and zinc, respectively. |
Guanajuato Mine Complex
In Q1 2017, metal production at the GMC increased 4% compared to the previous quarter, but decreased by 4%, to 727,372 Ag eq oz, when compared to the same quarter in the previous year. Ore processed in the first quarter of 2017 increased by 12%, compared to the first quarter of 2016, partly offsetting the lower head grades and gold recovery.
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GMC Operations Summary | Q1 2017 | Q1 2016 | Change | Q1 2017 | Q4 2016 | Change |
Ore processed (tonnes milled) | 82,456 | 73,649 | 12% | 82,456 | 81,518 | 1% |
Silver equivalent ounce production 1 | 727,372 | 755,555 | -4% | 727,372 | 702,351 | 4% |
Silver ounce production | 364,995 | 375,273 | -3% | 364,995 | 347,415 | 5% |
Gold ounce production | 5,177 | 5,433 | -5% | 5,177 | 5,071 | 2% |
Ag grade (g/t) | 155 | 179 | -13% Werbung Mehr Nachrichten zur Great Panther Mining Aktie kostenlos abonnieren
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