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Great Panther: Mine Could Produce 3 Million Silver-Equivalent Ounces Annually

Kitco News

The chief executive of Great Panther Silver Ltd. (TSX: GPR; NYSE American: GPL) says the preliminary economic assessment for the Coricancha gold-silver-lead-zinc-copper underground mine and mill complex in Peru shows potential for average annual production of 3 million silver-equivalent ounces. "We look forward to advancing Coricancha by building on the PEA and gaining a better understanding of the potential of the project as we begin preparations for full-scale mining and milling," says James Bannantine, president and chief executive officer. Great Panther says it plans to undertake a trial stope and bulk sample program early in the third quarter to further “de-risk the project.” Coricancha was acquired by Great Panther in June 2017. Coricancha has a 600-tonne-per-day processing plant and is fully permitted for production, Great Panther says. Output was suspended in 2013 by the previous owner.

By Allen Sykora of Kitco News; asykora@kitco.com

 

Kirkland Lake Completes Acquisition Of Novo Resources Shares

Thursday May 31, 2018 09:13

Kirkland Lake Gold Ltd. (TSX, NYSE: KL; ASX: KLA) says it has completed the previously announced acquisition of 4 million shares Novo Resources Corp. Kirkland acquired the shares at a price of C$5 each for a total purchase price of C$20 million.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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