Great Panther Silver provides 2019 Mexican operations production and cost view
Great Panther Silver announced 2019 production and unit cost guidance for its two wholly-owned Mexican silver mining operations: the Topia Mine, and the Guanajuato Mine Complex, which includes the San Ignacio Mine and the Guanajuato Mine. 2019 production is expected to be 3.7-4.0 million Ag Eq oz. Great Panther has undertaken a multi-mine optimization strategy under which the entire production for the GMC will be sourced from the lower cost San Ignacio Mine, enabling a focused exploration program for the Guanajuato Mine aimed at growing higher margin resources. In addition, a planned increase in the processing capacity from the Topia Mine in 2019 is expected to increase production by approximately 25% compared to 2018. Cash cost is expectd to be $5-$6.50, AISC are expected to be $10-$12 excluding G&A expenditures and $13-$15 including G&A expenditures.