Monday, July 29, 2019
Great Panther Mining Limited (GPL)
Turning the Corner
Great Panther Silver Ltd is a precious metals mining and exploration company. It owns two mines Topia and Guanajuato Mine Complex (GMC). The Topia operations produce silver, gold, lead, and zinc whereas the GMC operation produces silver and gold.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
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- GPL reports second quarter loss. Great Panther Mining reported a second quarter loss of ($5.6) million, or ($0.02) per share, compared with our net income estimate of $357 thousand, or $0.00 per share. The variance to our estimate was due to higher costs.
- Adjusting estimates. We are lowering our 2019 EPS and EBITDA estimates to ($0.01) and $36.3 million, from $0.01 and $39.3 million, respectively. Our full year 2020 EPS and EBITDA estimates have also been…
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