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Great Panther announces temporary suspension of Mexican operations

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(Kitco News) - Great Panther Mining Ltd. (TSX: GPR; NYSE American: GPL) has begun ramping down mining and processing at the Guanajuato Mine Complex and Topia Mine until April 30, making it another of the many producers curtailing mining in response to a directive from the Mexican government to combat the spread of the COVID-19 pandemic, the company said late Thursday.

“Monthly production from Great Panther's Mexican operations accounts for approximately 2% of annual consolidated production on a gold-equivalent ounce basis, and the company's Tucano Mine in Brazil accounts for the remainder of production,” Great Panther said in a prepared statement.

Mining and processing at Tucano have not been interrupted so far.

“The company has been in dialogue with the relevant government authorities, including communication regarding the enhanced safety protocols that have been implemented to mitigate the risk of COVID-19 infection at Tucano and surrounding communities,” Great Panther said. “The company has prepared contingency plans in the event that there is a full or partial shutdown and is prepared to act quickly to implement them.”

Great Panther said there are no confirmed or suspected cases of COVID-19 at any of its mining operations or corporate offices.

When releasing financial results at the start of the week, Great Panther reported 2019 output of 146,853 gold-equivalent ounces.

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