Great Panther Silver Completes Commissioning Of Topia Processing Plant And Resumes Full Production
June 1, 2017
NYSE MKT: GPL
The Company is continuing to deposit dry tailings at the existing Phase I Tailings Storage Facility ("TSF") while it works on a resolution for an outstanding permitting condition.
"We are pleased with the operation of the plant and progress to date on the permitting front," stated
Run of mine ore is now being processed along with the stockpiled ore. Due to the improved grade control at the mines, the silver grade of ore milled year-to-date, through the commissioning phase, has increased by approximately 18% over 2016 levels. Further production details will be provided in the quarterly update in early July.
The technical information contained in this news release has been reviewed and approved by
ABOUT GREAT PANTHER
President & CEO
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (together, "forward-looking statements"). Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such forward-looking statements include, but are not limited to, the Company's ability to meet its production guidance, expectations of a resolution to a permitting condition and the ability to transition to the new tailings facility without interruption of processing. These involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. These include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production cost estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of silver, gold and base metals, exploration results being indicative of future production of its properties, permitting risks, and other risks and uncertainties, including those described in the Company's most recently filed Annual Information Form and Material Change Reports filed with the Canadian Securities Administrators available at www.sedar.com and reports on Form 40-F and Form 6-K filed with the
SOURCEÂ Great Panther Silver Limited