Great Panther Mining Announces Board and Management Changes

Rhea-AI Summary

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.

Positive

• New leadership may bring fresh perspectives and strategies.
• Sandra Daycock's appointment as CEO could enhance operational focus.

Negative

• Resignation of three directors may raise continuity concerns.
• Transition in leadership could lead to short-term operational uncertainties.

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 15, 2021, to its short form base shelf prospectus dated September 10, 2021.

VANCOUVER, BC, Sept. 30, 2022 /PRNewswire/ - Great Panther Mining Limited (OTCPK: GPLDK) ("Great Panther" or the "Company") announces that as part of its ongoing strategic initiative to reposition the Company, three of its directors, Elise Rees, Kevin Ross and Dana Williams, have each resigned from the Board, effective September 30, 2022.

In addition, Alan Hair will resign as Interim Chief Executive Officer ("CEO"), effective October 17, 2022 (the "Effective Date"), and will resume the position of Non-Executive Chair of the Board. Sandra Daycock will assume the role of President & CEO and will resign from the position of Chief Financial Officer ("CFO") on the Effective Date, and Shawn Turkington, the Company's Vice President, Finance, will assume the role of CFO.

ABOUT GREAT PANTHER

Great Panther Mining is a precious metals producer focused on the operation of the Tucano Gold Mine in Brazil where the Company controls a land package covering nearly 200,000 hectares in the prospective Vila Nova Greenstone belt.

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SOURCE Great Panther Mining Limited

FAQ

What recent management changes occurred at Great Panther Mining?

Three directors resigned on September 30, 2022, and Alan Hair will step down as Interim CEO on October 17, 2022.

Who is the new CEO of Great Panther Mining?

Sandra Daycock is appointed as the new President and CEO.

What impact could the management changes have on Great Panther Mining's stock?

The changes could introduce new strategies but may also create uncertainties in the short term.