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Great Panther Mining Limited (GPL)
GPL Cuts 2019 Production Guidance; Lowering Estimates and 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 full report for price target, fundamental analysis and rating.
- GPL reports third quarter production results. In aggregate, third quarter production increased 270.4% to 47,374 gold equivalent ounces versus the prior year period and increased 18.7% compared to the second quarter of 2019. The significant increase in gold production reflects the acquisition of the Tucano Gold Mine in March 2019.
- Production guidance lowered. Due to structural issues at one of Tucano’s five open-pit mines in Brazil, management lowered fourth quarter and...
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*Analyst certification and important disclosures included in 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.