Inactive Instrument

Great Panther Mining Limited Toronto S.E.

GPR

CA39115V3092

Great Panther Mining Secures $25 Million in New Credit

September 21, 2021 at 11:12 am EDT

By Adriano Marchese

Great Panther Mining Ltd. said Tuesday it has entered into prepayment agreements with two lenders worth $25 million to increase its financial strength.

The gold and silver producer said it has signed a $20 million gold dore prepayment agreement with Asahi Refining Canada Ltd., a wholly owned subsidiary of Asahi Holdings, Inc., as well as a $5 million lead concentrate prepayment agreement with Samsung C&T Corp.'s subsidiary, Samsung C&T U.K. Ltd.

"[The funding provides] us with increased financial strength and flexibility to execute on our objectives of replacing resources, extending mine life, and unlocking the regional potential of the Tucano Gold Mine," Chief Financial Officer Sandra Daycock said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

09-21-21 1111ET

Latest news about Great Panther Mining Limited

Pilar Gold Inc. completed the acquisition of Mina Tucano Ltda and Tucano Resources Mineração Ltda from Great Panther Mining Limited and others.	23-10-24	CI
Tucano Gold Inc. entered into a definitive agreement to acquire Mina Tucano Ltda and Tucano Resources Mineração Ltda from Great Panther Mining Limited (OTCPK:GPLD.F) and others for RM BRL0.000002 million.	23-08-16	CI
Colibri Resource Corporation acquired 'Plomo Gold' property located in Mexico from Great Panther Mining Limited (OTCPK:GPLD.F).	23-03-15	CI
Newrange Gold Corp. cancelled the acquisition of Coricancha Gold-Silver-Copper-Lead-Zinc Mine from Great Panther Mining Limited.	22-11-24	CI
Great Panther Says Court Granted Extension of Stay Under CCAA Proceedings, Approves Sale Process; COO Resigns	22-11-04	MT
Great Panther Mining Limited Announces Resignation of Fernando Cornejo as Chief Operating Officer	22-11-04	CI
Great Panther Mining Brief: Announcing Commencement of Court Approved Sales and Investment Solicitation Process	22-11-04	MT
Newrange Gold Corp. agreed to acquire Coricancha Gold-Silver-Copper-Lead-Zinc Mine from Great Panther Mining Limited for $0.75 million.	22-09-12	CI
Transcript : Great Panther Mining Limited, Q2 2022 Earnings Call, Aug 04, 2022	22-08-04
Guanajuato Silver Company Ltd. signed an agreement to acquire Minera Mexicana El Rosario, S.A. de C.V. from Great Panther Mining Limited for $16.9 million.	22-06-28	CI

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Company Profile

Great Panther Mining Limited is a Canada-based precious metals producer focused on the operation of the Tucano Gold Mine in Brazil. The Company controls a land package covering nearly 200,000 hectares in the prospective Vila Nova Greenstone belt. The Company has three wholly owned mining operations including the Tucano gold mine, which produces gold dore and is located in Amapa State in northern Brazil. In Mexico, Great Panther operates the Topia mine in the state of Durango, which produces concentrates containing silver, gold, lead and zinc, and the Guanajuato Mine Complex (the GMC) in the state of Guanajuato. The GMC comprises the Guanajuato mine, the San Ignacio mine, and the Cata processing plant, which produces silver and gold concentrates. The Company also wholly owns the Coricancha Mine Complex, a gold-silver-copper-lead-zinc mine and processing facility in the central Andes of Peru. It has a portfolio of exploration projects: El Horcon property, Santa Rosa, and Plomo property.

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Gold

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Sector Gold Mining

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