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Stock Market & Financial Investment News

News Breaks
January 14, 2013
08:59 EDTGPLGreat Panther Silver provides update on Topia Mine
Great Panther Silver announces that Roscoe Postle Associates has delivered an update to the ongoing mineral resource development at the company's 100% owned Topia Silver-Gold-Lead-Zinc Mine in Durango, Mexico. The 2012 Measured & Indicated Mineral Resources total 156,000 tonnes at 806g/t silver, 1.47g/t gold, 6.48% lead and 4.29% zinc (5.60 million silver equivalent ounces). In addition, RPA estimates 273,000 tonnes of 837g/t silver, 0.8g/t gold, 5.7% lead and 3.9% zinc (9.54 million silver equivalent ounces) in the Inferred category.
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May 27, 2015
08:32 EDTGPLGreat Panther Silver completes acquisition of Cangold
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May 26, 2015
16:52 EDTGPLCangold obtained court approval for arrangement with Great Panther Silver
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May 19, 2015
08:35 EDTGPLGreat Panther Silver signs two-year option agreement with Nyrstar
Great Panthe has signed a two-year option agreement with Nyrstar whereby the Company can acquire a 100% interest in the Coricancha Mine Complex, approximately 90 kilometres east of the city of Lima. The Coricancha Mine has been on care and maintenance since August 2013 and has fully permitted and operational 600 tonne per day flotation and BIOX bio-leach plants along with supporting mining infrastructure. Under the terms of the option agreement, Great Panther made an initial cash payment of $1.5M on signing. A second option payment of $1.5M is due on the first anniversary of signing to extend the option for a second year. Should Great Panther exercise the option on or before the second anniversary, an already negotiated Share Purchase Agreement would take effect whereupon Great Panther would make a cash payment of $5M for 100% of the shares of Nyrstar Coricancha. Nyrstar Coricancha holds all the assets of the Coricancha Mine Complex. There is a further contingent payment of $4M payable to Nyrstar under certain conditions. In addition to the cash payments, the option agreement calls for exploration expenditures of $2M in the first year of the option and $3M in the second year.

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