GPL - GPL STOCK NEWS

Great Panther Mining Limited (NYSE American: GPL) reported challenging Q3 2021 results with a net loss of $18.0 million compared to net income of $18.6 million in Q3 2020. Revenue decreased by 50% to $38.4 million due to lower metal production, with gold production dropping to 16,325 ounces from 31,803 ounces year-over-year. The all-in sustaining cost (AISC) soared to $2,247 per gold ounce. Revised 2021 guidance lowered gold production expectations to 70,000-80,000 ounces, raising AISC to $1,950-$2,050.

Great Panther Mining Limited (NYSE American: GPL) announced operational adjustments at its Tucano Gold Mine in response to required remediation work on the Urucum Central South (UCS) open pit. Mining from UCS has been temporarily halted to enhance safety, with waste removal expected to take 6-8 weeks. The company anticipates lower consolidated production guidance and higher costs as a result of this work. Meanwhile, production plans are being accelerated in other areas, including transitioning to underground mining, projected to yield 40,000 to 50,000 gold ounces annually.

Great Panther Mining Limited (NYSE American: GPL) has entered into an At-the-Market Offering Agreement (ATM Agreement) to raise up to $25 million. This agreement, effective October 15, 2021, replaces a previous $25 million offering that expired on August 3, 2021. The proceeds, if any, will be used for operational and capital expenditures, debt repayment, and general corporate purposes. The new ATM Facility allows the company to sell shares at its discretion on the NYSE American with no obligation to sell any shares during the term.

Great Panther Mining Limited (TSX: GPR, NYSE-A: GPL) released its third quarter 2021 production results, reporting a total of 22,444 gold equivalent ounces, with significant declines in gold and silver production. Gold production was 18,423 ounces, down 46% year-over-year, while silver output decreased 25%. The lower production was attributed to maintenance issues at the Tucano mine and new labor laws in Mexico affecting the GMC and Topia mines. Additionally, pushback activities at Urucum Central South were completed, but with production still lagging behind projections.

Great Panther Mining Limited (GPR, GPL) announced a significant financial boost through new credit facilities totaling $25 million. This includes a $20 million gold doré prepayment agreement with Asahi Refining and a $5 million lead concentrate prepayment agreement with Samsung C&T. These agreements aim to enhance working capital for the Tucano Gold Mine, supporting resource replacement and mine life extension. The funding, secured by equity interests in their subsidiaries, demonstrates lender confidence in Great Panther's long-term growth objectives.

Great Panther Mining Limited (TSX: GPR | NYSE American: GPL) announced findings from its 2021 resource replacement and expansion drilling program at the Tucano Gold Mine in Brazil. The Phase 2 results from TAP C suggest strong continuity of mineralization, paving the way for an extended open pit mine life with a planned return to production in 2022. The company is also advancing regional exploration within a 20 km radius, identifying new gold trends. Significant drilling highlights include intersections of up to 13.7g/t gold, demonstrating promising potential for resource estimation updates later this year.

Great Panther Mining Limited (NYSE: GPL) reported Q2 2021 revenue of $52.1 million from 27,722 gold equivalent ounces produced, a 22% decline from last year. The Q2 mine operating loss was $0.6 million, contrasting with a $23.9 million profit in Q2 2020. Costs surged to $2,201 per gold ounce sold, up from $1,027 a year earlier. The company revised its production guidance downward and cost guidance upward due to significant pushback activities at the Urucum Central South pit and permitting delays at the Guanajuato Mine Complex.

Great Panther Mining Limited (TSX: GPR, NYSE-A: GPL) reported promising exploration results from the Urucum North deposit at its wholly-owned Tucano mine in Brazil. The company revealed high-grade gold zones that could enhance gold production, with estimates of 40,000 to 50,000 ounces per year from the underground project. Significant drilling results indicate a potential extension of the URN pit with notable intersections like 2.2 metres at 14.3g/t Au. The findings could lead to expedited underground production, augmenting the current open pit operations.

Great Panther Mining Limited (TSX: GPR, NYSE American: GPL) announced a resumption of ore mining in the Urucum Central South (UCS) pit at the Tucano Mine, Brazil, ahead of schedule. The improved stability of the west wall, due to favorable weather conditions and reduced movement, facilitated this decision. In Q2 2021, the company reported a consolidated production of 27,722 gold equivalent ounces, a 28% decline from Q2 2020. The company expects to achieve its 2021 production guidance of 125,000 to 140,000 Au eq oz, with higher output anticipated in the second half of the year.