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EPIC: GPR
Market: TSX:GPR
NYSEMKT:GPL
52-week High/Low: C$2.95 / C$1.51
Sector: Platinum & Precious Metals
Market Cap: C$280.46M
Great Panther Silver Ltd

Great Panther Silver Ltd

Great Panther Silver Limited is a primary silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE MKT trading under the symbol GPL. Great Panther's current activities are focused on the mining of precious metals from its two wholly-owned mining operations in Mexico: the Guanajuato Mine Complex, which includes the San Ignacio Mine, and the Topia Mine in Durango.

Great Panther Silver Ltd

www.greatpanther.com

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Big picture - Why invest in Great Panther Silver Ltd


Great Panther Silver Ltd Snapshot

OUTLOOK 2016

Given the significant increase in production in 2015 and the continued low metal price environment, the Company will primarily focus on operational efficiencies and strong grade control in 2016 and build on the successful achievements in these areas in 2015. In addition, the significant growth in 2015 has brought production levels close to plant capacity at the GMC. As such, consolidated production for 2016 is anticipated to be in the range of 4.0 - 4.2 million Ag eq oz (using a 70:1 silver:gold ratio), similar to that in 2015.

Although overall production at the GMC is planned to remain at similar levels to 2015, San Ignacio is expected to account for a larger proportion of the throughput. Topia is also expected to produce at similar levels as in 2015.

Consolidated cash costs are anticipated to be in the range of US$5.00 - 7.00 per ounce of payable silver, while All-In Sustaining Costs are projected to be US$13.00 - 15.00 per ounce of payable silver.

Drilling at Guanajuato in 2016 will focus on increasing the resource base at the main Guanajuato mines and at San Ignacio.

The technical information contained in this news release has been reviewed and approved by Robert F. Brown, P. Eng. and Vice President of Exploration for the Company, who is the Qualified Person (QP) for the Guanajuato Mine Complex and the Topia Mine under the meaning of NI 43-101. Aspects relating to mining and metallurgy are overseen by Ali Soltani, Chief Operating Officer for Great Panther.

 
 
 
 
 
 
 
 

GUANAJUATO MINE COMPLEX
The Guanajuato Mine Complex is Great Panther Silver's flagship operation. The property consists of 28 claims, totaling 1,107 hectares. The concessions are 100%-owned by Great Panther's Mexican subsidiary, Minera Mexicana El Rosario, S.A. de C.V. The main claim block covers 4.2 km of the prolific Veta Madre vein structure in the City of Guanajuato in central Mexico. Click here for more information


SAN IGNACIO MINE
A satellite operation to the main Guanajuato Mine Complex. The San Ignacio mine started commercial production in June 2014. The mine is currently operating at a run rate of approximately 550 tonnes per day and will continue to increase as new stopes are brought into production. For moreinformation please click here 


TOPIA MINE
Topia is a high-grade silver-lead-zinc Mine in the Sierra Madre Mountains of Durango State, where silver has been mined intermittently since the 1500's. Great Panther owns 100% of the concessions that comprise 6500 hectares and are accessible by road and air. Topia includes 11 small mining operations all feeding a central plant. For more information please click here 


OUTLOOK 2016
Given the significant increase in production in 2015 and the continued low metal price environment, the Company will primarily focus on operational efficiencies and strong grade control in 2016 and build on the successful achievements in these areas in 2015. In addition, the significant growth in 2015 has brought production levels close to plant capacity at the GMC. As such, consolidated production for 2016 is anticipated to be in the range of 4.0 - 4.2 million Ag eq oz (using a 70:1 silver:gold ratio), similar to that in 2015.

Although overall production at the GMC is planned to remain at similar levels to 2015, San Ignacio is expected to account for a larger proportion of the throughput. Topia is also expected to produce at similar levels as in 2015.

Consolidated cash costs are anticipated to be in the range of US$5.00 - 7.00 per ounce of payable silver, while All-In Sustaining Costs are projected to be US$13.00 - 15.00 per ounce of payable silver.

Drilling at Guanajuato in 2016 will focus on increasing the resource base at the main Guanajuato mines and at San Ignacio.

The technical information contained in this news release has been reviewed and approved by Robert F. Brown, P. Eng. and Vice President of Exploration for the Company, who is the Qualified Person (QP) for the Guanajuato Mine Complex and the Topia Mine under the meaning of NI 43-101. Aspects relating to mining and metallurgy are overseen by Ali Soltani, Chief Operating Officer for Great Panther.

 

 

Robert A. Archer, P.Geo.
President & Chief Executive Officer

Mr. Archer is a co-founder of the business and as President, Chief Executive Officer and a director, he is responsible for the development of the strategic direction Great Panther Silver and for its day to day operations. Mr. Archer has more than 30 years’ experience working for mining companies throughout North America, including Newmont Exploration of Canada Ltd., Rio Algom Exploration Inc., Placer Dome Canada Ltd. and Noranda Exploration Inc. He also served as President of Consolidated Magna Ventures Ltd.

Jim Zadra, CA, MBA
Chief Financial Officer

Mr. Zadra joined Great Panther in September 2011 and has responsibility for corporate finance, including financial reporting, planning & forecasting, taxation, and treasury. Mr. Zadra is a Chartered Accountant and has over 15 years of experience in senior corporate finance roles with significant experience in the areas of financial reporting, taxation, strategic planning, capital markets, M&A and corporate governance.

Prior to joining Great Panther, Mr. Zadra served over three years as Chief Financial Officer and Corporate Secretary of DDS Wireless International Inc. (DD: TSX). Prior to DDS he was Vice President of Finance, North America, at Sophos, (2003-2008) a leading global information technology security company with a offices in 19 countries. Mr. Zadra has also held senior roles at ActiveState Corporation, Canaccord Capital and Deloitte, and has served as a director for several venture stage public companies.

Mr. Zadra holds a Masters of Business Administration degree from Queen's University and a Bachelor of Commerce degree from University of British Columbia.

Ali Soltani
Chief Operating Officer

Mr. Ali Soltani was appointed Chief Operating Officer in September 2014 and has responsibility for overseeing Great Panther's operations.

Mr. Soltani has more than 30 years of mining experience in precious metals and copper operations. Prior to joining Great Panther, and during his tenure with Newmont Mining and Phelps Dodge, Mr. Soltani served in numerous senior operating and technical leadership roles, including planning and engineering, management of unit operations and mine sites, project evaluations, and mergers and acquisitions.

Mr. Soltani holds a master's degree in Mining Engineering from the South Dakota School of Mines and Technology.

Robert Brown, P.Eng.
Vice President, Exploration

Mr. Brown has been our Vice President of Exploration since April 30, 2004. He is responsible for overseeing all exploration activities undertaken by our Company, and has particular experience in the immediate area of our Company's projects in the Sierra Madre Region of Mexico.

Mr. Brown is a Professional Engineer with a degree in Engineering Geology from Queen's University. His 30 years of experience in the mining industry includes 15 years with Lac Minerals in Canada, culminating in the position of Exploration Manager. For more than 13 years, he held senior management positions in the junior sector, working on projects throughout the Americas, Eastern Europe and Indonesia, primarily in gold and silver exploration.

Ing. Javier Ramirez Vargas
General Manager, Topia Mine

Ing. Ramirez is a Mexican mining engineer with more than 30 years of mining experience. A graduate from the University of Guanajuato, he took the role of Mine Manager at our Topia Mine in early 2006, and brings a wealth of experience to our Company. Prior to joining us, he worked for Plata Panamerica S.A., Real del Monte y Pachua, S.A., Baztan del Cobre, S.A., Compañía Baramin S.A., and Minera La Calentan, among which he served as Mine Superintendent and Mine Manager.

1330 – 200 Granville Street
Vancouver, BC
Canada V6C 1S4
604-608-1766
1-888-355-1766
[email protected]

INVESTOR RELATIONS:
Spiros Cacos, MA
Direct: +1 604 638 8955
[email protected]
CORPORATE COMMUNICATIONS & SUSTAINABILITY:
Mariana Fregonese
Direct: +1 604 638 8968
Cell: +1 604 616 3663
[email protected]
marianafre

INVESTOR RELATIONS:
Spiros Cacos, MA
Direct: +1 604 638 8955


CORPORATE COMMUNICATIONS & SUSTAINABILITY: 
Mariana Fregonese

Direct: +1 604 638 8968
Cell: +1 604 616 3663

BANKERS:
HSBC Bank Canada
Bank of Montreal

AUDITORS:
KPMG
777 Dunsmuir Street
Vancouver, BC
Canada V7Y 1K3

TRANSFER AGENT:
Computershare Investor Services Inc.
510 Burrard Street, 2nd Floor
Vancouver, BC
Canada V6C 3B9
604-661-9400

LEGAL ADVISORS:
McMillan LLP

 

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