Great Panther: Mine Could Produce 3 Million Silver-Equivalent Ounces Annually
The chief executive of Great Panther Silver Ltd. (TSX: GPR; NYSE American: GPL) says the preliminary economic assessmentfor the Coricancha gold-silver-lead-zinc-copper underground mine and millcomplex in Peru showspotential for average annual production of 3 million silver-equivalent ounces."We look forward to advancing Coricancha by building on the PEA andgaining a better understanding of the potential of the project as we beginpreparations for full-scale mining and milling," says James Bannantine, president and chief executive officer. Great Panther says itplans to undertake a trial stope and bulk sample program early in the thirdquarter to further “de-risk the project.” Coricanchawas acquired by Great Panther in June 2017. Coricancha has a 600-tonne-per-dayprocessing plant and is fully permitted for production, Great Panther says.Output was suspended in 2013 by the previous owner.
By Allen Sykoraof Kitco News; asykora@kitco.com
Kirkland Lake Completes Acquisition Of Novo Resources Shares
Thursday May 31, 2018 09:13
Kirkland Lake Gold Ltd. (TSX, NYSE: KL; ASX: KLA) says it hascompleted the previously announced acquisition of 4 million shares NovoResources Corp. Kirkland acquired the shares at a price of C$5 each for a totalpurchase price of C$20 million.
By Allen SykoraFor Kitco News
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