Movers and SHAKERS
Wednesday, June 24, 2020
Great Panther Mining (GPL)(GPR:CA)
Encouraging Initial Results from the 2020 Tucano Drilling Program
As of April 24, 2020, Noble Capital Markets research on Great Panther Mining is published under ticker symbols (GPL and GPR:CA). The price target is in USD and based on ticker symbol GPL. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Great Panther Mining Limited, headquartered in Vancouver, Canada, is a precious metals mining and exploration company that operates three mines. These include: 1) the Tucano gold mine in Amapa State, Brazil, 2) the Guanajuato mine complex which includes the Guanajuato and San Ignacio mines in Mexico, and 3) the Topia mine in Mexico. Great Panther also owns the Coricancha Mine in Peru, which is expected to restart operations in 2020. The shares are traded under the ticker "GPR" on the Toronto Stock Exchange and under the ticker "GPL" on the NYSE American.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Initial Tucano drilling results are encouraging. Initial drill results from the 2020 drill program at the Tucano mine included some high-grade gold intercepts. To date, 12,000 meters of drilling has been completed, including 6,000 meters of near-mine diamond and reverse circulation drilling at the Tapereba AB1 and AB3 open pits. The 2020 program at Tucano will entail 55,000 meters of drilling at near-mine and regional targets at a cost of $6.6 million. The company also plans to spend an additional $4 million this year on a 25,000-meter drilling program in Mexico to define new zones and develop high grade resources.
Mr. Nick Winer appointed Vice President of Exploration. Prior to joining Great Panther, Mr. Winer was Vice President, Exploration for AngloGold and was responsible for activities in South America. He is a resident of Brazil and was involved in the initial resource/reserve definition program ...
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.