Here’s Why Great Panther Silver Is Soaring

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Executive Summary

  • Silver and gold prices are on the rebound in 2014 and strong company’s stocks in the sector are beginning to respond.
  • Great Panther Silver’s stock was crushed in 2013 with the selloff in metals, but managed to put up record numbers for the year.
  • The 2014 outlook for the company is incredibly strong with record production anticipated and production costs being slashed as much as possible
  • The stock is technically breaking out as resistance has been surpassed and the stock is now back above the $1.00 mark.

Silver and Gold prices are on the mend, and that bodes very well for some of the stronger gold and silver companies. Great Panther Silver (NYSEMKT:GPL) is primarily a silver mining and exploration company with operational activities currently focused on the mining of precious and base metals from its wholly owned properties in Mexico. It is also pursuing acquisition opportunities throughout Latin America to add a third mine to its portfolio of properties. Great Panther Silver has two primary mining properties, the Topia mine and the Guanajuato mine. Great Panther Silver also owns a development stage property, San Ignacio, which is approximately 20 kilometers from its Guanajuato processing plant, and an exploration stage property, Santa Rosa, which is located approximately 15 kilometers northeast of Guanajuato.

Great Panther Silver has a 100 percent interest in the El Horcon Silver/Gold Project in Jalisco State. El Horcon covers 7,908 hectares in 17 contiguous mining concessions and is located 60 kilometers northwest of Great Panther Silver’s Guanajuato Mine Complex. One advantage of the close proximity is that it is within trucking distance of the Cata Processing Plant. Great Panther Silver’s CEO Robert Archer acknowledged this, saying that it “has excellent potential to be a satellite mine for our Guanajuato Operations.” For more on the properties the company owns, please see this article.

Fantastic 2013 Numbers

Great Panther Silver’s ore processed increased 23 percent over 2012 to a record 283,608 tons. It achieved record metal production of 2,840,845 silver equivalent ounces (or, Ag eqoz), which was an increase of 19 percent over 2012 and a new annual record. Actual silver production rose 10 percent to a record 1,711,215 oz. Furthermore, gold production increased 44 percent to a record 15,714 gold ounces. The fourth-quarter was strong for GPL compared to Q4 2012. Ore processed increased 3 percent to 69,601 tons while total metal production increased 14 percent to 763,881 Ag eq oz. Actual silver production in the quarter rose 7 percent to a record 484,936 oz while gold production increased a whopping 37 percent to 3,880 ounces.

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