Source: Streetwise Reports 04/16/2020

Great Panther Mining’s activities during the year’s first quarter are summarized in a ROTH Capital Partners report.

In an April 13 research note, ROTH Capital Partners analyst Jake Sekelsky reported that Great Panther Mining Ltd. (GPR:TSX; GPL:NYSE.American) had strong Q1/20 production with limited effects from the COVID-19 pandemic.

Sekelsky reviewed what the precious metals miner accomplished during Q1/20.

For one, Gold Panther produced 34,725 ounces of gold equivalent (Au eq), which was generally consistent with ROTH’s estimate of 35,631 ounces of Au eq.

Also during that period, the British Columbia-based company started advanced stripped of material at the Tucano gold mine in Brazil.

Further, Great Panther progressed with remedial activities at Tucano’s Urucum Central South (UCS) pit because the weather was favorable. “We continue to view a potential positive outcome of the geotechnical review at UCS as a major catalyst for shares in H2/20,” Sekelsky wrote.

He concluded that Great Panther’s “management has taken prudent steps to derisk Tucano while remaining transparent with the market. In short, we believe these efforts should support the company in outlining a sustainable medium-term mine plan at Tucano.”

As for its 2020 production guidance, Great Panther should be able to produce 120,000–130,000 ounces of gold equivalent if Tucano continues to operate uninterrupted, Sekelsky purported. This is for two reasons. One, most of Great Panther’s consolidated production comes from Tucano, and two, Tucano is the company’s only operating mine right now. The producer previously suspended its Mexico operations due to coronavirus restrictions.

ROTH has a Buy rating and a US$0.70 per share price target on Great Panther, the stock of which is currently trading at around US$0.49 per share.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Disclosures from ROTH Capital Partners, Great Panther Mining, Company Note, April 13, 2020

Regulation Analyst Certification (“Reg AC”): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

ROTH makes a market in shares of Great Panther Mining and as such, buys and sells from customers on a principal basis.

Shares of Great Panther Mining may be subject to the Securities and Exchange Commission’s Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months.

( Companies Mentioned: GPR:TSX; GPL:NYSE.American,
)

Source: Streetwise Reports 04/16/2020

Great Panther Mining’s activities during the year’s first quarter are summarized in a ROTH Capital Partners report.

In an April 13 research note, ROTH Capital Partners analyst Jake Sekelsky reported that Great Panther Mining Ltd. (GPR:TSX; GPL:NYSE.American) had strong Q1/20 production with limited effects from the COVID-19 pandemic.

Sekelsky reviewed what the precious metals miner accomplished during Q1/20.

For one, Gold Panther produced 34,725 ounces of gold equivalent (Au eq), which was generally consistent with ROTH’s estimate of 35,631 ounces of Au eq.

Also during that period, the British Columbia-based company started advanced stripped of material at the Tucano gold mine in Brazil.

Further, Great Panther progressed with remedial activities at Tucano’s Urucum Central South (UCS) pit because the weather was favorable. “We continue to view a potential positive outcome of the geotechnical review at UCS as a major catalyst for shares in H2/20,” Sekelsky wrote.

He concluded that Great Panther’s “management has taken prudent steps to derisk Tucano while remaining transparent with the market. In short, we believe these efforts should support the company in outlining a sustainable medium-term mine plan at Tucano.”

As for its 2020 production guidance, Great Panther should be able to produce 120,000–130,000 ounces of gold equivalent if Tucano continues to operate uninterrupted, Sekelsky purported. This is for two reasons. One, most of Great Panther’s consolidated production comes from Tucano, and two, Tucano is the company’s only operating mine right now. The producer previously suspended its Mexico operations due to coronavirus restrictions.

ROTH has a Buy rating and a US$0.70 per share price target on Great Panther, the stock of which is currently trading at around US$0.49 per share.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Disclosures from ROTH Capital Partners, Great Panther Mining, Company Note, April 13, 2020

Regulation Analyst Certification (“Reg AC”): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

ROTH makes a market in shares of Great Panther Mining and as such, buys and sells from customers on a principal basis.

Shares of Great Panther Mining may be subject to the Securities and Exchange Commission’s Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months.

( Companies Mentioned: GPR:TSX; GPL:NYSE.American,
)