The transaction includes the acquisition of three producing mines and an advanced stage project.
Great Panther Silver Mining News
The deal Great Panther announced last month to acquire Coricancha in Peru from Nyrstar is getting high marks from one analyst.
The silver producer recovered its main administration building and plant facility on Thursday.
Great Panther Silver reported a death in recent clash between illegal miners and guards.
Great Panther updates mineral resource estimates at the Guanajuato Mine Complex and San Ignacio Project; Extends mineralization at San Ignacio
Great Panther Silver Limited CA:GPR +1.03% GPL +0.51% ("the Company") announces the completion of the updated mineral resource estimates at the Company's wholly-owned Guanajuato Mine Complex ("Guanajuato Mine") and San Ignacio Project ("San Ignacio") in Guanajuato, Mexico.
Great Panther Silver Limited (TSX:GPR)(NYSE Amex:GPL) announced the acquisition of four mining concessions, totaling 1,514 hectares, approximately 10-15 kilometres northeast of Guanajuato, Mexico.
Shares in Vancouver-based Great Panther Silver on Wednesday continued to soar after the company reported record revenues and profits a day earlier. Shortly before the close the company which owns 100% of two silver mines in Mexico was up 8.5% in a broadly weaker market and on a tough day for other silver counters. Tuesday's results showed net income up $6m to $7m for the first quarter and a 95% increase in revenues to $15.5m. The company listed in February this year and raised $24.2m in April in a closed equity offering. A day before the results announcement investor site Motley Fool said the counter was "poised to pop."