Friday, May 17, 2019
Great Panther Silver (GPL)
Why 1Q Results Are Not Indicative of Future Performance.
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 first quarter loss. Great Panther Mining reported a first quarter loss of ($9.1) million, or ($0.05) per share, compared with our loss estimate of ($3.5) million, or ($0.02) per share. The variance to our estimate was due to lower mining operating earnings, acquisition costs and higher finance and other expenses.
- Updating estimates. We are lowering our 2019 EPS and EBITDA estimates to $0.00 and $37.6 million from $0.04 and $54.2 milli…
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