GPL - GPL STOCK NEWS

Great Panther Mining Limited (TSX: GPR, NYSE: GPL) announced a share consolidation effective July 21, 2022, on a 1-for-10 basis to comply with NYSE American minimum price standards. Currently, there are 471,164,174 shares outstanding, which will reduce to approximately 47,116,417 post-consolidation. The adjustment will also affect incentive stock options and other units. Trading on a post-consolidation basis is expected to start on July 25, 2022. The consolidation aims to maintain the company's NYSE listing and strengthen its market position.

Great Panther Mining Limited (TSX: GPR, NYSE: GPL) announced that all proposed resolutions were successfully passed at its Annual General Meeting held on June 29, 2022. A total of 167,149,329 shares, representing 35.48% of outstanding shares, were voted. Key outcomes included the election of all directors and 90.36% approval for maintaining seven directors. Additionally, 81.06% of shareholders authorized a share consolidation. The company focuses on gold and silver production across assets in Brazil, Mexico, and Peru.

Great Panther Mining Limited (TSX: GPR | NYSE American: GPL) has entered a Share Purchase Agreement to sell its Mexican subsidiary, Minera Mexicana El Rosario, to Guanajuato Silver Company for approximately US$14.7 million. This strategic move allows Great Panther to focus on enhancing the Tucano Gold Mine's potential in Brazil. The sale includes additional payments based on silver production and pricing conditions, aiming to strengthen the company’s capital allocation towards gold. The transaction is expected to close in Q3 2022, pending regulatory approvals.

Great Panther Mining Limited (NYSE: GPL) announced it received a notice from NYSE American regarding non-compliance with continued listing requirements due to its share price averaging below $0.20 for 30 trading days. The company plans to take action to regain compliance, potentially through a reverse stock split, with an upcoming shareholder vote scheduled for June 29, 2022. Despite this, the listing on the Toronto Stock Exchange remains unaffected. The company continues to focus on its growth as a precious metals producer throughout the Americas.

Great Panther Mining Limited (NYSE: GPL) has filed a Technical Report regarding the 2021 Mineral Reserves and Resources of the Tucano Gold Mine in Brazil, effective July 31, 2021. The report is available on SEDAR, the company's website, and will be filed on EDGAR. It supports previously reported mineral reserve and resource estimates from an April 26, 2022 news release. Great Panther aims to create long-term value through sustainable production and exploration investments, with a diversified asset portfolio across Brazil, Mexico, and Peru.

Great Panther Mining Limited (NYSE: GPL) has announced drill results from 29 holes at its Urucum North underground project, part of the Tucano Gold Mine in Brazil. The drilling program, completed in April 2022, focused on identifying high-grade mineralization. Notable results include up to 7.65 g/t Au over 3.9 m and 5.80 g/t Au over 2.5 m. The mining company aims to incorporate these findings into an updated resource estimate, potentially enhancing production capabilities alongside existing open-pit operations. Engineering studies for underground development are ongoing.

Great Panther Mining Limited (TSX: GPR; NYSE: GPL) reported consolidated financial results for Q1 2022, producing 17,913 gold equivalent ounces and generating $33.4 million in revenue, down from $52.6 million in Q1 2021. The company faced a net loss of $8.9 million compared to a net loss of $0.3 million the previous year. Cash costs rose to $1,725 per gold ounce sold, and all-in sustaining costs (AISC) reached $2,740. Despite challenges, including increased stripping and adverse weather, the company anticipates production improvements in H2 2022.

Great Panther Mining Limited (NYSE-A: GPL) announced significant increases in its Mineral Reserves and Resources for the Tucano Gold Mine in Brazil. Open pit Proven and Probable Mineral Reserves rose by 24% to 681,873 gold ounces, with open pit Measured and Indicated Resources up 65% to 1.3 million gold ounces. These estimates were adjusted based on a new gold price of $1,650/oz for reserves and $1,900/oz for resources, reflecting positive operational developments. Engineering studies for underground reserves are ongoing, with a technical report expected within 45 days.

Great Panther Mining Limited (NYSE: GPL) reported Q1 2022 production results, achieving 17,913 gold equivalent ounces (Au eq oz), down 41% from Q1 2021. Key highlights include 14,319 gold ounces produced, and significant declines in silver production by 52%. Despite lower production, the company aims to return to steady-state production in H2 2022, supported by projects at Tucano and ongoing drilling at Urucum North. The Guanajuato Mine Complex remains under care and maintenance due to permitting delays. Financial results are set for release on May 12, 2022.