Great Panther: Mine Could Produce 3 Million Silver-Equivalent Ounces Annually
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; email@example.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.