Proactiveinvestors recommends
Additional Information
Market: TSX/AMEX
Sector: Platinum & Precious Metals
EPIC: GPR
Latest Price: 1.74  (-0.57% Descending)
52-week High: 3.83
52-week Low: 1.58
Market Cap: 239.41M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Great Panther Silver
www.greatpanther.com

Great Panther Silver Limited, headquartered in Vancouver, Canada, is a profitable primary silver producer with strong leverage to future rises in the price of silver. The Company owns two operating mines in Mexico, and employs almost 1000 people.

Full Great Panther Silver profile here
Pdf

Great Panther Silver appoints independent chairman

7th Feb 2012, 4:15 pm by Brad Lemaire
Great Panther Silver appoints independent chairman

Great Panther Silver (TSE:GPR) said Tuesday it has appointed chartered accountant R.W. Garnett as independent chairman to the company’s board of directors.

Garnett has served as an independent director of the company since May 3, 2011, and is chairman of Great Panther’s audit committee.

He was recently the vice-chair of the South Coast British Columbia Transportation Authority, and serves on the board of VRX Worldwide (CVE:VRW), where he is the chair of their audit committee.

From 2009 to 2010, he was a director and audit committee member of Central 1 Credit Union, which is the central banker for credit unions in Ontario and British Columbia.

Further, he was an owner and president of Eaglequest Golf Centres, and has held senior financial roles within the residential and commercial real-estate sector.

This recent appointment is in line with Great Panther’s internal board mandate to further increase independence of board members, it said.

The company plans to add another independent director before its annual general meeting, which is being held in June.

Garnett replaces Kaare Foy, who stepped down after serving more than 18 years as a director of Great Panther and almost eight years as executive chairman.

Foy will continue as a consultant to the company.

Last month, the company reported improved fourth-quarter 2011 production results at its two wholly owned Mexican silver mining operations, Guanajuato and Topia.

For the three months to December 31, the company said metal production for the quarter rose by 13 percent to 545,294 silver equivalent ounces from the previous quarter.

Silver production of 354,754 ounces was up three percent from the previous quarter and gold production of 2,281 ounces was up 53 percent.

Mexico-focused Great Panther said that ore grades improved at Guanajuato to 235 grams per tonne (g/t) silver and 2.12 g/t gold in November and December, the highest since September, 2010.

The company, founded in 1965, mainly produces silver. It also produces gold, lead and zinc. It holds a 100 percent interest in the Guanajuato silver-gold mine, comprised of roughly 28 claims totalling 1,107-hectares located on the central plateau of Mexico in the state of Guanajuato.

Great Panther’s shares rose 1.53 percent to $2.66 each today in Toronto.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.