Great Panther Silver(TSX: GPR) (NYSE MKT: GPL) (Great Panther; or the Company) today reported financial results for the Company’s three and six months endedJune 30, 2017. The full version of the Company’s unaudited condensed interim consolidated financial statements and Management’s Discussion and Analysis (MD&A) can be viewed on the Company’s website atwww.greatpanther.comor on SEDAR atwww.sedar.com.
Great Panther commenced reporting its financial results in US dollars (USD) as of the third quarter of 2016. Accordingly, all dollar amounts expressed in this news release, and the associated financial statements and MD&A, are in USD, unless otherwise noted. Periods prior to the third quarter of 2016 were reported in Canadian dollars (CAD), and have been restated to USD using theJuly 1, 2016CAD/USD exchange rate of 1.3052.
Robert Archer, President & CEO, commented:
I am pleased to report net income for the three and six-month periods endedJune 30, 2017of$0.8 millionand$3.9 million, respectively, reflecting improvements from losses in the comparative periods.
Great Panther was also able to deliver a record quarter of production with the Topia Mine now operating at planned capacity. Additionally, with the recent closing of the acquisition of the Coricancha Mine Complex inPeru, the Company embarks on a significant new opportunity for growth.
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