Great Panther Mining Limited (GPL) Bundle
A Brief History of Great Panther Mining Limited (GPL)
Foundation and Early Years
Great Panther Mining Limited (GPL) was established in 1965, initially focusing on the mining of precious metals in Canada. The company's foundational operations centered around the acquisition and development of mining properties with a focus on silver and gold.
Key Acquisitions and Growth
In 2006, Great Panther acquired the Topia Mine in Durango, Mexico, enhancing its production capacity. The company further expanded its portfolio through the acquisition of the Guanajuato Mine Complex in 2008, which became a key asset.
| Year | Event | Impact |
|---|---|---|
| 2006 | Acquisition of Topia Mine | Increased silver production by 30% |
| 2008 | Acquisition of Guanajuato Mine Complex | Significant boost in gold and silver output |
| 2017 | Acquisition of Coricancha Mine | Introduction of new processing technology |
Financial Performance
In 2020, Great Panther reported revenues of $89.5 million and an EBITDA of $21.3 million. The company processed a total of 1,455 tonnes of ore from its operations, achieving a production of 2.3 million ounces of silver equivalent.
Recent Developments
In 2021, Great Panther announced a restructuring plan to address challenges faced due to operational inefficiencies. The company obtained $25 million in financing to support its future endeavors and enhance its operational capabilities.
Current Operational Focus
As of 2023, Great Panther operates three primary mining projects: the Guanajuato Mine Complex, the Topia Mine, and the Coricancha Mine. The company emphasizes sustainable mining practices, with a commitment to reducing the environmental impact of its operations.
Stock Performance
As of October 2023, the stock price of Great Panther Mining Limited (GPL) is approximately $0.35 per share. The company's market capitalization stands at around $95 million.
| Year | Stock Price ($) | Market Capitalization ($ million) |
|---|---|---|
| 2021 | 0.80 | 200 |
| 2022 | 0.50 | 130 |
| 2023 | 0.35 | 95 |
Production Statistics
Latest production statistics indicate that the company aims to produce approximately 1.5 million ounces of silver equivalent in 2023, maintaining a focus on operational efficiency and cost management.
| Year | Silver Equivalent Production (ounces) | Cost per Ounce ($) |
|---|---|---|
| 2020 | 2,300,000 | 15.50 |
| 2021 | 1,600,000 | 17.00 |
| 2022 | 1,450,000 | 18.50 |
Future Outlook
Great Panther continues to assess new opportunities for exploration and expansion, targeting regions with high mineral potential. The company remains focused on enhancing its operational capabilities while adhering to stringent sustainability practices.
A Who Owns Great Panther Mining Limited (GPL)
Shareholder Structure
Shareholder Structure
The shareholder structure of Great Panther Mining Limited (GPL) reflects a diverse ownership base, including institutional investors, retail investors, and insiders. As of October 2023, the top shareholders include:
| Investor | Ownership Percentage | Shares Held |
|---|---|---|
| Fidelity Investments | 10.5% | 20,000,000 |
| BlackRock Inc. | 7.8% | 15,000,000 |
| RBC Global Asset Management | 6.3% | 12,000,000 |
| Management and Insiders | 5.1% | 10,000,000 |
| Other Institutions | 25.0% | 50,000,000 |
| Retail Investors | 45.3% | 90,000,000 |
Market Capitalization
As of October 2023, Great Panther Mining Limited has a market capitalization of approximately $300 million. The stock price has fluctuated, with a 52-week range between $0.80 and $1.50.
Recent Financial Performance
The company's financial performance has shown some recovery, with the following key figures from the second quarter of 2023:
| Financial Metric | Q2 2023 | Q2 2022 |
|---|---|---|
| Total Revenue | $35 million | $30 million |
| Net Income | $5 million | -$2 million |
| EBITDA | $12 million | $8 million |
| Cash on Hand | $25 million | $15 million |
Insider Ownership
Insider ownership plays a significant role in company governance and strategic direction. As of the latest filings, insider ownership includes:
| Insider | Position | Shares Held |
|---|---|---|
| James Bannantine | President & CEO | 3,000,000 |
| Gordon Hurst | Director | 2,000,000 |
| Andrew B. Tingson | CFO | 1,500,000 |
| Kimberly S. Ferebee | Director | 1,000,000 |
Institutional Investors
The presence of institutional investors is notable and important for Great Panther Mining Limited's stability. Key institutional shareholders include:
| Institution | Shares Held | Ownership Percentage |
|---|---|---|
| Vanguard Group | 8,000,000 | 4.0% |
| CI Financial Corp. | 7,500,000 | 3.8% |
| Scotia Wealth Management | 6,500,000 | 3.3% |
Great Panther Mining Limited (GPL) Mission Statement
Corporate Vision
Great Panther Mining Limited aims to become a leading precious metals producer in the Americas, focusing on sustainable development and operational excellence.
Core Values
- Integrity: Upholding honesty and strong ethical principles in all business practices.
- Respect: Valuing people, relationships, and environmental stewardship.
- Excellence: Commitment to high standards and continuous improvement.
- Collaboration: Working effectively with partners, stakeholders, and communities.
Sustainability Commitment
Great Panther emphasizes sustainable mining practices, which is reflected in its aim to minimize environmental impact and contribute to the socio-economic development of local communities.
Financial Overview
| Year | Revenue (CAD) | Net Income (CAD) | Total Assets (CAD) | Market Capitalization (CAD) |
|---|---|---|---|---|
| 2020 | 116.3 million | (59.3 million) | 196.7 million | 80.4 million |
| 2021 | 176.5 million | 8.2 million | 210.1 million | 124.0 million |
| 2022 | 158.4 million | (55.3 million) | 208.5 million | 172.7 million |
| 2023 (Q2) | 74.1 million | 2.3 million | 225.3 million | 150.0 million |
Strategic Goals
- Increase precious metal production by optimizing existing operations.
- Expand into new mining projects, focusing on feasibility and sustainability.
- Enhance community engagement and corporate social responsibility (CSR) initiatives.
- Strive for operational efficiency to reduce costs and improve profitability.
Market Position
As of 2023, Great Panther operates multiple mining facilities in Mexico and Brazil, leveraging a strategic portfolio to optimize resource extraction and market presence.
Recent Developments
- Acquisition of the Coricancha Mine in Peru, increasing resource base.
- Implementation of a new sustainability program targeting a reduction of carbon footprint by 20% over five years.
Stakeholder Engagement
Great Panther has dedicated initiatives for stakeholder communication, ensuring transparency in operations and responsiveness to community needs.
Risk Management Strategies
- Diversification of asset portfolio to mitigate market fluctuations.
- Investment in safety and health programs to ensure workforce protection.
- Adoption of technological advancements to improve mining efficiency.
Performance Metrics
| Metric | 2021 | 2022 | 2023 (Q2) |
|---|---|---|---|
| Production (Gold Equivalent Ounces) | 119,000 | 108,000 | 54,000 |
| Cash Costs (per Gold Equivalent Ounce) | $1,050 | $1,170 | $1,200 |
| All-in Sustaining Costs (per Gold Equivalent Ounce) | $1,240 | $1,370 | $1,425 |
Future Outlook
Great Panther is positioning itself for growth through strategic partnerships, technology investments, and commitment to sustainability practices while addressing market challenges and opportunities in the precious metals sector.
How Great Panther Mining Limited (GPL) Works
Business Overview
Great Panther Mining Limited (GPL) is a mining and exploration company focused on the acquisition, exploration, and development of precious metal resources in the Americas. The company primarily operates in Mexico and Brazil, aiming to produce gold and silver.
Operational Projects
The company owns several key mining operations:
- Topia Mine in Durango, Mexico
- Guanajuato Mine Complex in Guanajuato, Mexico
- San Ignacio Mine in Guanajuato, Mexico
- Brazil's Tucano Gold Mine
Financial Performance
For the fiscal year ended December 2022, Great Panther Mining reported the following financial results:
| Financial Metrics | 2022 ($CAD) | 2021 ($CAD) |
|---|---|---|
| Revenue | 83.0 million | 120.3 million |
| Net Loss | (28.6 million) | (48.0 million) |
| EBITDA | (14.4 million) | (34.6 million) |
| Total Assets | 158.0 million | 193.0 million |
| Total Liabilities | 72.0 million | 78.0 million |
Production Statistics
In 2022, the production statistics for Great Panther Mining were as follows:
| Production Metrics | 2022 | 2021 |
|---|---|---|
| Gold Production (oz) | 42,000 | 65,000 |
| Silver Production (oz) | 500,000 | 725,000 |
| Gold Equivalent Ounces (GEOs) | 56,000 | 85,000 |
| Average Gold Price ($/oz) | 1,800 | 1,700 |
| Average Silver Price ($/oz) | 22.50 | 24.00 |
Exploration and Development
Great Panther is engaged in exploration activities to identify new mineral resources. Key projects include:
- Guanajuato exploration program
- Conglomerate and epithermal gold targets in Brazil
- Community engagement and ecological assessments
Market Presence and Share Performance
The company's shares are publicly traded on the Toronto Stock Exchange under the symbol GPR. As of October 2023, the share price stood at approximately $0.45, with a market capitalization of roughly $100 million.
Challenges and Strategic Focus
Great Panther faces challenges related to:
- Fluctuating commodity prices
- Operational costs
- Regulatory compliance
The strategic focus remains on improving operational efficiencies and expanding resource base through exploration.
Sustainability Practices
Great Panther is committed to sustainable mining practices, focusing on:
- Reducing environmental impact
- Community engagement
- Health and safety standards
How Great Panther Mining Limited (GPL) Makes Money
Mining Operations
Mining Operations
Great Panther Mining Limited primarily generates revenue through its mining operations, focusing on precious metals, primarily gold and silver. The company operates in two key regions: Mexico and Brazil.
Key Mines and Production
The company's significant assets include:
- Topia Mine (Mexico)
- Guanajuato Mine Complex (Mexico)
- Serro do Rocha Mine (Brazil)
For the year 2022, the production figures were as follows:
| Mine | Gold Production (oz) | Silver Production (oz) |
|---|---|---|
| Topia Mine | 6,500 | 360,000 |
| Guanajuato Mine Complex | 15,000 | 240,000 |
| Serro do Rocha Mine | 10,000 | 100,000 |
Revenue Generation
The revenue from these operations is significantly impacted by the fluctuating prices of gold and silver. The average precious metal prices for 2022 were:
| Metal | Average Price (USD/oz) |
|---|---|
| Gold | 1,800 |
| Silver | 22 |
Using these average prices, the estimated revenue for 2022 can be calculated:
| Mine | Gold Revenue (USD) | Silver Revenue (USD) |
|---|---|---|
| Topia Mine | 11,700,000 | 7,920,000 |
| Guanajuato Mine Complex | 27,000,000 | 5,280,000 |
| Serro do Rocha Mine | 18,000,000 | 2,200,000 |
Cost Management
Great Panther Mining focuses on controlling production costs to enhance profitability. For 2022, the company reported an average all-in sustaining cost (AISC) of:
| Mine | AISC (USD/oz) |
|---|---|
| Topia Mine | 1,050 |
| Guanajuato Mine Complex | 1,200 |
| Serro do Rocha Mine | 1,000 |
Financial Performance
Great Panther Mining Limited reported the following financial results for the fiscal year 2022:
| Financial Metric | Amount (USD) |
|---|---|
| Total Revenue | 69,200,000 |
| Operating Income | 12,500,000 |
| Net Income | 8,000,000 |
| EBITDA | 25,000,000 |
Future Growth Strategies
Great Panther Mining aims for growth through:
- Expanding existing operations
- Exploring new mining opportunities
- Improving operational efficiencies
The company continues to assess market conditions and adjust its strategies accordingly to maximize profitability and shareholder value.
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