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Great Panther Silver (GPL)
Fourth Quarter and Full Year 2018 Results In Line With Expectations.
Great Panther Silver Ltd is a precious metals mining and exploration company. It owns two mines Topia and Guanajuato Mine Complex (GMC). The Topia operations produce silver, gold, lead, and zinc whereas the GMC operation produces silver and gold.
- GPL reports fourth quarter and full year 2018 results. In line with our estimates, GPL reported a fourth quarter net loss of $3.6 million, or ($0.02) per share and a full year net loss of $10.0 million, or ($0.06) per share. Great Panther generated fourth quarter and full year negative adjusted EBITDA of $3.3 million and $6.4 million, respectively.
- Beadell Resources acquisition to close shortly. With all shareholder and final court approvals received,
management expects to close the acquisition on March 5th. Based on GPL's
recent closing price, the company would have a pro forma market cap of ~$241
million and an enterprise value of ~$252 million. The company's name will
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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.