Movers and SHAKERS
Thursday, April 11, 2019
Great Panther Silver (GPL)
What Was Behind Lower Than Expected Production Results?
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.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
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- GPL reports first quarter production results. In aggregate, first quarter production increased 6.7% to 14,860 gold equivalent ounces versus the prior year period and increased 24.9% compared to the fourth quarter of 2018. First quarter production was negatively impacted by lower production at the San Ignacio mine due to variability in vein widths and lower throughput at the mill that serves the Tucano mine. Management expects to provide updated 2019 consolidated guidance when it reports first quarter 2019 financial results.
- Adjusting estimates. Based on lower than expected production, we now forecast a first quarter loss of ($0.02) per share versus our prior estimate of ($0.01). Our full year earnings 2019 earnings per share and EBI...
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