Great Panther says it has successfully extended Tucano's mine life
(Kitco News) - Great Panther Mining (TSX: GPR) (NYSE-A: GPL) said today it filed a technical report supporting the company's updated mineral reserve and mineral resource estimate for its Tucano Mine in Brazil.
In 2019 total gold recovered at the mine was 123,867 ounces.
"Our 2020 exploration programs were successful in extending the existing open pit mine life at Tucano and adding significant resources to our mineral inventory for the Guanajuato Mine Complex", stated Rob Henderson, president and CEO. "2021 will represent a significant increase in our exploration efforts with a planned record of 90,000 metres of drilling representing a $13 million investment.
"Our key objectives will be to continue to extend the Tucano open pit mine life, further prove up the underground with a view to extending the high-grade zones, and make meaningful inroads into key targets in the expansive Tucano regional land package. Building on our 2020 exploration success in Mexico will also be a key focus for this year."
In 2019 Great Panther suffered workplace accidents and production problems. In the spring of 2020 Rob Henderson was appointed CEO. Former Goldcorp head David Garofalo was appointed chair.