About Great Panther
Great Panther Mining Limited is a growth-oriented intermediate precious metals mining and exploration company listed on the TSX and on the NYSE American. Great Panther operates three mines including the Tucano Gold Mine in Amapá State, Brazil, and two primary silver mines in Mexico: the Guanajuato Mine Complex and the Topia Mine. Great Panther is also evaluating the restart of the Coricancha project in Peru and expects to make a decision on whether or not to restart the project by the end of March 2019.
The Tucano Gold Mine is located in Amapá State in northern Brazil. The mine is approximately 200 kilometres from Macapá, the state capital. It is currently the second largest gold producer in Brazil, producing around 145,000 ounces per year from several open pit mines wit ore processed through SAG mill and CIL infrastructure, capable of treating sulphide ore. Great Panther acquired the mine through the friendly acquisition of Beadell Resources Limited in a transaction that closed in March 2019.
The Guanajuato Mine Complex produces silver and gold concentrate and is located in central Mexico, approximately 380 kilometres north-west of Mexico City, and approximately 30 kilometres from the Guanajuato International Airport.
The Topia Mine is located in the Sierra Madre Mountains in the state of Durango in northwestern Mexico. The mine produces concentrates containing silver, gold, lead and zinc and earns revenue from custom milling of third-party ore at its processing facility.
On June 30, 2017, Great Panther completed the acquisition of the Coricancha Mine in Peru. The Coricancha Mine is a gold-silver-copper-lead-zinc mine located in the central Andes of Peru, approximately 90 kilometres east of Lima, and has been on care and maintenance since August 2013. The Coricancha Mine has a permitted and operational 600 tonnes per day processing facility along with supporting mining infrastructure. The Company is presently completing Bulk Sample Program to test the assumptions of a preliminary economic assessment completed in May 2018.
Great Panther Mining's exploration properties include the El Horcón, Santa Rosa and Plomo projects in Mexico; the Tartaruga project in Brazil, and the Argosy project in Canada. The El Horcón project is located 100 kilometres by road northwest of Guanajuato, Santa Rosa is located approximately 15 kilometres northeast of Guanajuato, and the Plomo property is located in Sonora, Mexico. The Tartaruga project is located 120 kilometres northeast of Great Panther’s Tucano Gold Mine in northern Brazil. The Argosy property is located in the Red Lake Mining District in Northwestern Ontario, Canada.
The Company continues to evaluate additional mining opportunities focus on the Americas.