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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Great Panther Mining Limited    GPR   CA39115V1013

GREAT PANTHER MINING LIMITED

(GPR)
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Great Panther Mining : Reports Fatal Accident at its San Ignacio Mine in Mexico

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11/09/2019 | 12:08am EST

NYSE American: GPL   |  TSX: GPR 

VANCOUVER, Nov. 8, 2019 /CNW/ - GREAT PANTHER MINING LIMITED (NYSE American: GPL; TSX: GPR) ("Great Panther", the "Company") deeply regrets to report that a fatal accident involving a contractor's employee occurred in the afternoon of November 8, 2019 due to an isolated rock fall at the San Ignacio underground mine (the "San Ignacio Mine"), which forms part of the Guanajuato Mine Complex in Mexico.

The employee's family and appropriate government and local authorities have been notified and an investigation into the accident has been initiated to determine the cause.  Operations at the area of the accident have been temporarily suspended.  While the area where the accident occurred has been closed for investigation, the rest of the San Ignacio Mine producing areas remain unaffected.

"We are deeply saddened by the loss of one of our colleagues and our thoughts and prayers are with his family and friends," stated Jeffrey Mason, Interim President and CEO.  "We will commit all available resources to determine the cause of this accident so that we can work to prevent such a tragedy from occurring again. Any necessary steps to prevent the recurrence of such accidents will be taken immediately."

Great Panther is committed to providing a safe work environment by eliminating or minimizing identified safety and health hazards.  Consequently, safety procedures are being reviewed and reinforced to ensure safety remains the top priority across all operations.

ABOUT GREAT PANTHER

Great Panther Mining Limited is an intermediate gold and silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL.  Great Panther operates three mines including the Tucano Gold Mine in Amapá State, Brazil, and two primary silver mines in Mexico: the Guanajuato Mine Complex and the Topia Mine.  Great Panther also owns the Coricancha Mine in Peru and, having executed a successful bulk sample mining program in accordance with the May 2018 PEA for the project restart, the Company is establishing the conditions under which a restart of production can be implemented. 

Great Panther Mining Limited Logo (CNW Group/Great Panther Mining Limited)

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View original content to download multimedia:http://www.prnewswire.com/news-releases/great-panther-reports-fatal-accident-at-its-san-ignacio-mine-in-mexico-300955141.html

SOURCE Great Panther Mining Limited

© Canada Newswire, source Canada Newswire English

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Financials (CAD)
Sales 2019 270 M
EBIT 2019 33,1 M
Net income 2019 -25,7 M
Finance 2019 15,8 M
Yield 2019 -
P/E ratio 2019 -7,02x
P/E ratio 2020 5,36x
EV / Sales2019 0,63x
EV / Sales2020 0,16x
Capitalization 187 M
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Mean consensus BUY
Number of Analysts 5
Average target price 1,50  CAD
Last Close Price 0,60  CAD
Spread / Highest target 150%
Spread / Average Target 150%
Spread / Lowest Target 150%
EPS Revisions
Managers
NameTitle
Jeffrey R. Mason Chairman, President & Chief Executive Officer
Neil Hepworth Chief Operating Officer
Jim A. Zadra Chief Financial Officer & Secretary
Robert Alexander Archer Non-Independent Director
Robert W. Garnett Director
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