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Tuesday, January 7, 2020
Great Panther Mining Limited (GPL)
Prepayment Agreements Enhance Liquidity and Underscore Operational Confidence
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.
Prepayment agreements enhances financial flexibility. Great Panther announced prepayment agreements with affiliates of IXM Group and Samsung amounting to $21.25 million in aggregate. The proceeds will enhance Great Panther's liquidity and be used to advance its 2020 strategic initiatives.
Well-regarded counter-parties. In our view, the terms of the prepayment agreements are appropriate and underscore the confidence that these two well-recognized industry leaders have in Great Panther Mining, its operations and management. Both IXM and Samsung are respected throughout the industry and...
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.