Top-News
Donnerstag,
11.01.2018 14:30
von
PR Newswire
| Aufrufe: 204
Great Panther Silver Reports Fourth Quarter and Annual 2017 Production Results and Provides 2018 Outlook
Wirtschaftsnachrichten (Symbolbild).
pixabay.com
PR Newswire
VANCOUVER, Jan. 11, 2018
TSX: GPR
NYSE AMERICAN: GPL
VANCOUVER, Jan. 11, 2018 /PRNewswire/ - GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE American: GPL) ("Great Panther"; the "Company") announces its fourth quarter ("Q4") and 2017 production results 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.
2017 Production Highlights (Compared to Full Year 2016)
- Consolidated metal production increased 2% to 3,978,731 silver equivalent ounces ("Ag eq oz")
- Silver production decreased 3% to 1,982,685 silver ounces ("Ag oz")
- Gold production increased 1% to 22,501 gold ounces ("Au oz"), an annual record
- Ore processed decreased 1% to 373,709 tonnes
- Topia achieved a record 1,086,663 Ag eq oz in metal production, representing 21% growth
Fourth Quarter 2017 Production Highlights (Compared to Fourth Quarter 2016)
- Consolidated metal production increased 21% to 1,065,773 Ag eq oz
- Silver production increased 12% to 514,218 Ag oz
- Gold production increased 14% to 5,931 Au oz
- Ore processed increased 6%, with 98,396 tonnes milled
"Great Panther's 2017 production was consistent with the previous year, however, this was a considerable achievement given the work completed to accommodate the tailings expansion and plant improvements at the Topia Mine in the first quarter of the year", stated James Bannantine, President and CEO. "We are also pleased with the recent completion of the permitting process for the Phase II tailings storage facility at Topia. While the regulatory process took longer than we expected, our team did an outstanding job of maintaining operations by extending capacity while improving the state of the existing facility."
| | | | | | | |
| Consolidated Operations Summary | Q4 2017 | Q4 2016 | Change | FY 2017 | FY 2016 | Change |
| Ore processed (tonnes milled) | 98,396 | 92,869 | 6% | 373,709 | 376,739 | -1% |
| Silver equivalent ounce production1, 2 | 1,065,773 | 883,772 | 21% | 3,978,731 | 3,884,960 | 2% |
| Silver ounce production | 514,218 | 460,571 | 12% | 1,982,685 | 2,047,260 | -3% |
| Gold ounce production | 5,931 | 5,206 | 14% | 22,501 | 22,238 | 1% |
| Lead production (tonnes) | 441 | 213 | 106% | 1,291 | 1,034 | 25% |
| Zinc production (tonnes) | 551 | 315 | 75% | 1,758 | 1,496 | 17% |
| | |
| (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
Total metal production in the fourth quarter of 2017 increased by 3%, to 724,643 Ag eq oz, compared to the fourth quarter of 2016, due to an increase in gold grades and gold recoveries. The increase in the average gold grade was attributed to increased production from San Ignacio which has as a higher gold to silver ratio. San Ignacio accounted for 62% of the total ore processed at the GMC in Q4 2017, compared to 59% in Q4 2016.
When compared to the previous full year, total metal production decreased by 3%, to 2,892,068 Ag eq oz. The decrease was attributed to the lower silver grades reflecting lower tonnage mined from higher silver grade zones and grade variability in the mineral resource.
| | | | | | | |
| GMC Operations Summary | Q4 2017 | Q4 2016 | Change | FY 2017 | FY 2016 | Change |
| Ore processed (tonnes milled) | 80,896 | 81,518 | -1% | 319,964 | 320,903 | 0% |
| Silver equivalent ounce production 1 | 724,643 | 702,351 | 3% | 2,892,068 | 2,987,074 | -3% |
| Silver ounce production | 332,203 | 347,415 | -4% | 1,386,964 | 1,473,229 | -6% |
| Gold ounce production | 5,606 | 5,071 | 11% | 21,501 | 21,626 | -1% |
| Ag grade (g/t) Werbung Mehr Nachrichten zur Great Panther Mining Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News |
