Great Panther Mining Reports Third Quarter 2020 Production of 39,788 Gold Eq Ounces

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Algemeen advies 09/10/2020 18:21
VANCOUVER, BC, Oct. 9, 2020 /CNW/ - Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or "the Company") announces third quarter (Q3) 2020 production results from its three 100% owned mines: Tucano in Brazil, and Topia and the Guanajuato Mine Complex (GMC) in Mexico. Consolidated quarterly production totalled 39,788 gold equivalent ounces (Au eq oz), positioning Great Panther on track to meet full-year 2020 guidance of 146,000 to 158,000 Au eq oz.

Q3 2020 Highlights

Produced 39,788 Au eq oz on a consolidated basis – a 3% increase over Q2 2020 – including 34,030 gold ounces (Au oz) and 375,427 silver ounces (Ag oz)
Produced 93,401 Au oz at Tucano for the nine months ended September 30, 2020, 4% higher than for the same period in 2019
On track to meet 2020 full year guidance of 146,000 to 158,000 Au eq oz
Great Panther President and CEO Rob Henderson commented, "We delivered a solid quarter of steady state operations at all of our mines in Q3, in spite of the challenges of managing COVID-19. As Tucano transitioned from Urucum Central North to mining in the southern pits, throughput was slightly lower, but operations remain on track to meet full year guidance. In Mexico, both mines reported a full quarter of operations despite challenging conditions related to controls in place for COVID-19. All in, the mines are operating well, while we continue to put the health and safety of our people and communities first and foremost."

Q3 2020 production results are preliminary and subject to adjustment with Great Panther's Q3 2020 earnings results, scheduled for release before market open on November 5, 2020. A conference call will follow at 9am PST/12pm EST.

COVID-19 Response

Great Panther has developed and implemented significant COVID-19 prevention, monitoring and response plans following the guidelines of the World Health Organization and the regulatory agencies of each country in which it operates to ensure a safe work environment. Protocols include mandatory medical screening and testing on arrival at site, training sessions on health awareness and health and safety protocols, physical distancing and increased sanitation measures, and updated operating procedures. Specific areas have been prepared for the isolation, testing and care of employees showing COVID-19 symptoms. All confirmed cases of COVID-19 are in isolation and being monitored by Company health professionals with regular reports to health authorities.

Q3 2020 Consolidated Operating Results
Consolidated Operating Results Three months ended Sept 30, 2020 Three months ended Sept 30, 2019 Change Nine months ended Sept 30, 2020 Nine months ended Sept 30, 2019 Change

Ore processed (tonnes) 5,752,684 6,973,859 -18% 19,036,700 16,966,867 12%

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