Monday, March 4, 2019

Great Panther Silver (GPL)

Fourth Quarter and Full Year 2018 Results In Line With Expectations.

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.

Refer to full report for price target, fundamental analysis and rating.

• GPL reports fourth quarter and full year 2018 results.  In line with our estimates, GPL reported a fourth
  quarter net loss of $3.6 million, or ($0.02) per share and a full year net loss
  of $10.0 million, or ($0.06) per share.  Great Panther generated fourth
  quarter and full year negative adjusted EBITDA of $3.3 million and $6.4
  million, respectively.
• Beadell Resources acquisition to close shortly.  With all shareholder and final court approvals received,
  management expects to close the acquisition on March 5th.  Based on GPL’s
  recent closing price, the company would have a pro forma market cap of ~$241
  million and an enterprise value of ~$252 million.  The company’s name will
  cha…
  
  
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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.