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Mining Companies - Silver Companies

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Great Panther Silver is one of the fastest growing primary silver producers in Mexico with strong leverage to future rises in the price of silver. The Company has three principal properties: the Guanajuato mine, the Topia mine (both operating profitably), and the San Antonio and San Ignasio exploration projects.  Great Panther is listed on the Toronto Stock Exchange under the symbol (GPR) and on the AMEX under the symbol (GPL).

(pps (0.32) 3/31/2009 first summary)

Category: Silver Producer

Annual Trading Range 2010-11 (0.675-4.90)

Trading at 3.67 on 16 Mar 2011 on volume of 3.7M shares

Share Structure

Update: 2011

Shares issued: 124,524,166

Warrants: 5.3M

Finder warrants: 549K

Executive and employee options: 2,820,000

Fully diluted: 133,208,912


Topia Mine

The Topia Silver-Lead-Zinc property is located in the heart of the Topia Mining District in west-central Durango State, Mexico.

Resource Estimate

Update: March 2011 mineral resource estimate

The 2009 mineral resource estimate, delivered by Wardrop in June, comprises Measured & Indicated Mineral Resources of 173,103 tonnes at 552g/t silver, 0.99g/t gold, 5.58% lead and 4.83% zinc (5,458,218 silver equivalent ounces) as well as 174,562 tonnes of 633g/t silver, 1.03g/t gold, 5.10% lead and 3.84% zinc (5,692,957 silver equivalent ounces) in the Inferred category. At current production levels, management considers the new resource to be sufficient for at least a 10-year mine life.


Great Panther refurbished the mill during the second half of 2005, and recommissioned the mill in December 2005. The mill is operating at approximately 100 tonnes per day.

Metal production for the second quarter of 2009 totaled 112,616 oz Ag, 125 oz of Au, 513,338 lbs of Pb, and 594,677 lbs of Zn, (for a total of 172,550 Ag eq oz), from milling 7,837 tonnes of ore. The silver production is a quarterly record for Topia and represents a 32% increase from Q2 2008. The ore grades, at 503g/t Ag, 0.59g/t Au, 3.23% Pb and 3.94% Zn, (or 24.82 Ag eq oz), represent a 28% improvement over Q2 2008.

Updated: Production Statistics

Recent Exploration

Prior to exercising the option agreement, Great Panther conducted a 30-hole (7,437-metre) diamond-drilling program that tested five separate areas on the property. Three of these areas; Las Trancas, Don Benito and Hormiguera; represent portions of the same vein that extends for more than four kilometres across the property. The two other areas represent parallel vein systems approximately one kilometre to the northwest (Argentina) and two kilometres to the southeast (El Rosario). Several other veins are known on the property and have yet to be drilled.

Guanajuato Mine Complex

The Guanajuato Mine Complex is Great Panther Silver's flagship operation. The property consists of 28 claims, totalling 1,107 hectares. The concessions are 100% owned by Great Panther's Mexican subsidiary, Minera Mexicana El Rosario, S.A. de C.V. The main claim block covers 4.2 km of the highly significant Veta Madre vein structure and is located on the Central Plateau of Mexico in the State of Guanajuato. The City of Guanajuato, where the mines are located, is 380 km by road northwest of Mexico City and is serviced by an international airport near the city of Leon.

Resource Estimate


The Company officially commenced production at Guanajuato in June 2006 at a throughput of 400 tonnes per day (tpd). Commissioning of the plant had commenced in late March 2006 using low-grade mineralization from older stockpiles. The other two 400 tonne ball mills and the flotation circuits in the mill have since been refurbished, allowing the mill to operate at its peak capacity of 1200 tpd. When operating at peak output, the mine will employ about 300 people working 3 shifts per day, 7 days per week. Output from the Guanajuato Mines has climbed considerably since production began. It rose from just over 70,000 silver-equivalent ounces in the last quarter of 2006 to over 327,295 silver equivalent ounces by the second quarter of 2009, indicating a significant improvement in ore grade (254g/t Ag, and 1.55g/t Au) and ore recoveries (83.0% for silver and 84.6% for gold).

Update Recent Exploration

*Deep drilling on gold-rich Santa Margarita Zone is yielding excellent results

Drilling is adding to resource base

*Veta Madre silver-gold zone is opening up to southeast and to depth

Still have 250m to property boundary

*New silver-gold zone: 576g/t Ag & 1.33g/t Au over 2.15m at vertical depth of 590 metres Open to depth and to southeast

Pipeline Properties

San Ignasio

Santa Rosa




Board of Directors

Kaare G. Foy, B.Ec.                              Position: Executive Chairman

Robert A. Archer, P.Geo.                     Position: Chief Executive Officer& President

Malcolm A. Burne                                 Position: Director

John T. Kopcheff, B.Sc. (Hons)          Position: Director

Martin Carsky, CA                                Position: Director

Wendy Ratcliffe, Dip. T/Fin. Mgt         Position: Corporate Secretary


Raakel Iskanius                                       Position: Chief Financial Officer

Charles Brown                                         Position: Chief Operating Officer

Robert Brown, P.Eng.                             Position: Vice President of Exploration

Ing. Francisco Ramos Sanchez            Position: Vice-President of Business Development

Sergio Rios Martinez, MIM, MBA, B. Eco & B.BA

Position: VP of Corporate Relations

Ing. Carlos Castro Villalobos               Position: General Manager, Guanajuato Mine Complex

Ing. Javier Ramirez Vargas                  Position: General Manager, Topia Mine

News Releases

Mar 16, 2011

Great Panther Silver Reports Annual Net Profit Of $5 Million

Media Presentations

Corporate Presentation


Comments (3)Add Comment
written by navderek, September 21, 2010
Press Release - Great Panther Silver Limited

September 21, 2010

GREAT PANTHER SILVER LIMITED (TSX: GPR; the "Company") is pleased to announce the commencement of a surface drilling program at the San Ignacio Mine property, Guanajuato. The property is located approximately 5 kilometres west-northwest of the City of Guanajuato, where Great Panther operates its flagship Guanajuato Silver-Gold Mine. The property was part of the package purchased by Great Panther in 2005 but, due to the Company's focus on the main mine complex, it has not conducted any work at San Ignacio until this year. The past-producing San Ignacio Mine was put on care-and-maintenance by the previous owners in 2001 due to low metal prices but the infrastructure is still intact.

The San Ignacio Mine property covers part of the La Luz vein district, which is parallel to, and west of, the principal Veta Madre structure that hosts the main Guanajuato mines (see map on website at The La Luz district marks the site of the first discovery of silver in the area, in the year 1548, which led to the discovery of the Veta Madre silver-gold deposits in 1550. It comprises a swarm of generally north-northwest striking, west dipping quartz veins and breccias with associated low sulphidation silver-gold mineralization, along an approximate 8 kilometre long trend.

Great Panther's San Ignacio Mine property covers approximately 4 kilometres of strike length on the La Luz vein system and is contiguous with Endeavour Silver's Bolanitos Mine property that is currently in production. The San Ignacio Mine exploited only about 500 metres of strike length along one of the three known structures on the property and there is no record of any previous exploration elsewhere on the claim block. Production records from 1977 to 2001 indicate that a total of 617,455 tonnes at a grade of 113g/t Ag and 1.01g/t Au were extracted from this small portion of the property at an average rate of approximately 85 tonnes per day. This is similar to the grade that was mined at Guanajuato prior to Great Panther's purchase of the mines in 2005 but the Company has more than doubled this grade since then with increased grade control and improved mining methods. As there is no processing facility at San Ignacio, ore was trucked back to the Cata Plant in the main mine complex in Guanajuato, approximately 20 kilometres by road.

A program of geological mapping and rock sampling completed in 2010 by Great Panther indicates that the three known structures on the San Ignacio property are up to 4 kilometres long and contain irregular silica breccia "veins" hosting gold and silver mineralization. The initial interpretation is that the surface at San Ignacio, at an elevation of approximately 2,300 metres above sea level ("masl"), is generally above the upper limits of the epithermal gold-silver systems found in the area. Mineralization at Great Panther's main mine complex on the Veta Madre structure extends from a surface elevation of approximately 2,200 masl in the Valenciana area to a depth of 1,500 masl in the recent deep drilling in the Rayas area (see news release September 7, 2010).

The initial 2,000 metre core drilling program at San Ignacio will complete a section across the three main structures and test them from 100 to 200 metres below surface. The drilling will be completed in an area where sampling on the Plateros Vein returned 1.3g/t gold and 124g/t silver over a 1.3 metre width, sampling on the Melladito Vein returned 0.48g/t gold and 106g/t silver over a 1.0 metre width, and sampling on the Nombre de Dios Vein returned 1.83g/t gold and 164g/t silver over a 1.8 metre width.

Robert F. Brown, P. Eng. and Vice President of Exploration for the Company is the Qualified Person for the Guanajuato Mine, under the meaning of NI 43-101. A full QA/QC program will be followed including the regular insertion of splits, blanks, and standards into the core sampling sequence. Analysis of the drill core samples will be conducted at the Guanajuato Mine on-site laboratory, independently operated by SGS.

For further information, please visit the Company's website at, contact B&D Capital at telephone 604 685 6465, fax 604 899 4303 or e-mail
Brian Boutilier
written by brian boutilier, December 14, 2009
Heres an Nr from 10 Dec:
GREAT PANTHER RESOURCES LIMITED (TSX: GPR, the "Company") is pleased to announce results of a successful surface core drilling program in six areas at the Topia Mine, including the Recompensa, San Gregorio, El Rosario, Cantarranas, San Miguel, and El Ochenta veins. The first-ever drilling at the gold-rich Recompensa vein has demonstrated excellent continuity of the mineralization both along strike and to depth, while drilling on the silver-rich, San Gregorio and El Rosario veins intersected exceptional silver values between 30 and 50 meters below current mining levels.
Here's the URL:
Brian Boutilier
written by brian boutilier, November 23, 2009
This is a updated GPR summary as of 23 Nov 09. The previous edition was March 09. Boot

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