Great Panther Silver Limited is a primary silver mining and exploration company listed on the Toronto Stock Exchange and on the NYSE MKT trading under the symbols GPR and GPL, respectively. The Company's current activities are focused on the mining of precious metals from its two wholly-owned operating mines in Mexico, Guanajuato and Topia and has commenced production at a third mine, San Ignacio, that is a satellite operation to the main Guanajuato Mine Complex. Great Panther has two exploration projects, El Horcon and Santa Rosa and continues to pursue additional mining opportunities within the Americas, with the goal of adding to its portfolio of mineral properties.
Overall metal production for 2014 is expected to increase gradually through the year as San Ignacio comes on stream. The San Ignacio mine started commercial production in June. The mine is currently operating at a run rate of approximately 200 tonnes per day and will increase gradually as new stopes are brought into production. Adding this to steady production from the main Guanajuato Mine Complex and the Topia Mine, the Company expects to increase overall production by approximately 6-9% in 2014, to 3.0 to 3.1 million Ag eq oz.
As precious metals prices dropped significantly in 2013, the Company has heightened its focus on improving and strengthening the operational efficiency of its mines.