GPL - GPL STOCK NEWS

Great Panther Mining announced on October 4, 2022, that the Supreme Court of British Columbia converted its restructuring proceedings under the Bankruptcy and Insolvency Act into proceedings under the Companies' Creditors Arrangement Act. This transition allows for more flexible restructuring while preventing creditors from enforcing against the company until October 14, 2022. The court also approved an agreement with Asahi Refining Canada to continue providing refining services, which is expected to streamline operations and aid in the timely sale of gold from its mine in Brazil.

Great Panther Mining has announced significant leadership changes as part of its strategic initiative. Effective September 30, 2022, three directors have resigned: Elise Rees, Kevin Ross, and Dana Williams. Additionally, Alan Hair will step down as Interim CEO on October 17, 2022, returning to his previous role as Non-Executive Chair. Sandra Daycock will take over as President and CEO, while Shawn Turkington will become the new CFO. These changes are aimed at repositioning the company, which focuses on gold production at the Tucano Gold Mine in Brazil.

Great Panther Mining Limited (NYSE: GPL) has received a delisting notice from the NYSE American due to its intention to file under the Bankruptcy and Insolvency Act (BIA) in Canada. Shares have been halted since September 13, 2022, and the Company will not appeal the NYSE's decision. Trading may shift to the OTC Pink, but liquidity and trading prices could decline significantly. The Company warns that ongoing BIA proceedings pose substantial risks to trading.

Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) has signed a non-binding Letter of Intent with Newrange Gold Corp. to sell its Peruvian subsidiaries, including the Coricancha Mine, for a total of US$750,000. The Coricancha Mine is currently in care and maintenance and includes a 600 tonne per day mill and supporting infrastructure. The completion of the transaction depends on definitive documentation, financing by Newrange, and approvals from relevant parties, including the TSX Venture Exchange.

Great Panther Mining Limited (NYSE-A: GPL) provided a corporate update on September 7, 2022, following its notice to seek creditor protection. Its Brazilian subsidiary, Mina Tucano, initiated a judicial reorganization process aimed at restructuring operations amid financial distress. The subsidiary aims to preserve assets while negotiating with creditors. However, trading of Great Panther's shares was suspended on the Toronto Stock Exchange due to this notice, and delisting proceedings have begun on both the TSX and NYSE American, with an expedited review scheduled for September 16, 2022.

Great Panther Mining Limited (NYSE: GPL) announced its intention to file a notice of intention (NOI) under the Bankruptcy and Insolvency Act (Canada) to seek creditor protection due to liquidity constraints and operational challenges. This decision follows a thorough assessment of the company’s financial position and the need for restructuring. The NOI will provide a temporary stay of proceedings for 30 days, allowing the company to explore strategic and financial alternatives. Mina Tucano Ltda., a subsidiary, will enter a care and maintenance period as part of this restructuring process.

Great Panther Mining Limited has finalized the sale of its Mexican subsidiary, Minera Mexicana El Rosario, to Guanajuato Silver Company Ltd. The deal includes US$8 million in cash, potential additional payments based on silver production and prices, and 25,787,200 shares of GSilver valued at approximately US$6.7 million at announcement. Approximately US$3.45 million of proceeds will retire existing debt. The transaction aims to strengthen Great Panther's financial position and focus on its Tucano Gold Mine in Brazil.

Great Panther Mining Limited (GPR, GPL) reported Q2 2022 financial results, revealing a net loss of $12.1 million versus a loss of $8.7 million in Q2 2021. Gold production fell to 16,629 ounces, down from 20,696 ounces a year prior, with revenue declining to $30 million from $39 million. Cash costs per sold gold ounce were $1,575. The company anticipates achieving steady-state production at its Tucano Gold Mine by Q4 2022, despite inflationary pressures impacting cost guidance, now adjusted to $1,400-$1,500 for cash costs and $2,200-$2,300 for AISC.

Great Panther Mining Limited (NYSE-A: GPL) announced the consolidation of its common shares at a ratio of 1:10, effective July 25, 2022. Following this action, the total issued shares will be 47,137,066. All outstanding incentive stock options and other equity awards will also undergo adjustments to reflect this consolidation. The company, which operates in Brazil, Mexico, and Peru, aims to create long-term stakeholder value through safe production and strategic acquisitions. The press release also includes cautionary notes regarding forward-looking statements.