GPL - GPL STOCK NEWS

Great Panther Mining Limited (NYSE: GPL) held its Annual General Meeting on June 9, 2021, where all proposed resolutions were approved by shareholders. A total of 119,910,686 shares were voted, representing 33.74% of the outstanding shares. Key outcomes included the election of all directors and a 94.64% approval rate for setting the number of directors at nine. Additionally, KPMG LLP was appointed as auditors with a 95.20% vote in favor. Great Panther continues to expand its gold and silver production in the Americas with operations in Brazil, Mexico, and Peru.

Great Panther Mining Limited (TSX: GPR, NYSE American: GPL) has announced the appointment of Sandra Daycock as Chief Financial Officer and Fernando Cornejo as Chief Operating Officer, effective immediately and July 1, 2021, respectively. Daycock joined Great Panther in March 2021, bringing over 20 years of experience in financial management. Cornejo has nearly 20 years in the mining sector, previously overseeing projects in Brazil and Mexico. The company aims to enhance its operational efficiencies and production capacity through these appointments.

Great Panther Mining Limited (TSX:GPR; NYSE-A:GPL) reported operational disruptions at its Tucano mine in Brazil due to heavy rainfall impacting slope stability. Mining activities in the Urucum Central South (UCS) pit were temporarily halted for safety. The 2021 production guidance has been reduced by 10,000 gold equivalent ounces, now projected at 125,000 to 140,000 ounces. All-in-sustaining costs are expected to rise to $1,450 - $1,550 per ounce. Measures are underway to stabilize the UCS pit, with expectations to resume mining in Q3 2021.

Great Panther Mining Limited (NYSE American: GPL) reported a significant turnaround for Q1 2021, achieving revenue of $52.5 million and a net loss of just $0.3 million, a substantial improvement from a net loss of $40.5 million in Q1 2020. The company produced 30,556 gold equivalent ounces and improved its adjusted EBITDA to $12 million. Operating costs per ounce sold decreased by 8% year-over-year. Cash and equivalents at quarter-end stood at $45.5 million with total debt down to $27.6 million, enhancing financial stability.

Great Panther Mining Limited (NYSE: GPL) has announced the nomination of two new directors for election at its Annual General Meeting (AGM) on June 9, 2021. The nominees are Trudy M. Curran and Dana Williams, both of whom bring extensive experience in governance and business operations. Curran has over 30 years in executive roles, while Williams has over 25 years in various industries and M&A experience. The AGM will be held virtually due to COVID-19 precautions, and shareholders are invited to participate and ask questions.

Great Panther Mining Limited (TSX: GPR, NYSE: GPL) reported a consolidated metal production of 30,556 gold equivalent ounces for Q1 2021, a 12% decline from the previous year. Gold production amounted to 24,978 ounces, down 14%, while silver production increased by 60% to 360,070 ounces. The company successfully completed maintenance at its Tucano mine and anticipates improved production in upcoming quarters, aligning with its annual guidance of 135,000 to 150,000 Au eq oz. Heavy stripping contributed to the low output, with expectations for ramp-up as mining progresses.

Great Panther Mining reports promising drilling results from the Tucano Gold Mine in Brazil, indicating continuity of mineralization at depths of 50 to 70 meters below the current pit floor. Notable results include intercepts of 17.7 g/t Au over 1.75 m. The findings support the geological model for mineral reserve estimation and suggest potential for including TAP C in future resource statements. The updated model and ongoing drilling aim to define inferred and indicated mineral resources in the area, enhancing the company's exploration outlook.

Great Panther Mining Limited announced the departure of Jim Zadra, its Chief Financial Officer, effective March 15, 2021. Zadra, who has been with the company since September 2011, was pivotal in the company's transition to a diversified precious metals producer and its acquisition of the Tucano Mine. His responsibilities will be managed by the existing management team, including Shawn Turkington and Sandra Daycock, while a search for a new CFO is conducted. Great Panther focuses on gold and silver production in the Americas, holding assets in Brazil, Mexico, and Peru.