Great Panther Silver Resumes Full Operations at Guanajuato Mine Complex, Mexico
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Great Panther Silver Limited has resumed full operation at its Guanajuato Mine Complex (the GMC) following the voluntary suspension of the use of explosives. This suspension was put in place to facilitate ongoing investigations in connection with the theft of such material, and to ensure security measures.
The regulatory authorities completed their on-site inspection and concurred with the decision of the company to restart regular mining operations. The Cata processing plant was not affected by the suspension of mining activity, and mineral processing continued as usual.
At this time, there have been no judgments or orders by the Mexican regulatory authorities. There remains the potential for administrative action, which could include fines and, possibly, a temporary suspension of the company’s explosives permit, which would negatively impact the operations at the affected mine. The company’s internal investigation is continuing.
About Great Panther
Great Panther Silver Limited is a primary silver mining and exploration company. Great Panther’s current activities are focused on the mining of precious metals from its two wholly-owned mining operations in Mexico: the Guanajuato Mine Complex, which includes the San Ignacio Mine, and the Topia Mine in Durango. The company holds an option agreement to acquire a 100 percent interest in the Coricancha Mine Complex in the central Andes of Peru and holds an option to acquire a 100 percent interest in the advanced-stage Guadalupe de Los Reyes Project in Sinaloa, Mexico. Active exploration programs are underway at both projects.
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