Great Panther Mining Ltd. (GPL) is a mineral exploration firm focusing primarily on silver, gold, copper, lead, and zinc ores. It possesses a wide collection of assets in different regions. The company creates long-term and investor-based value via safe and sustainable manufacturing.
The price of GPL stock during the regular trading on February 1, 2022, was $0.15 with a significant 20.8% fall. At last check in the aftermarket, the stock gained momentum by 26.2%.
GPL: Events and Happenings
GPL announced its production outcomes on January 19, 2022, for the three months ended December 31, 2021. The company is also planning to release Q4 results on March 2, 2022. Some of the key production updates are as follows.
- Combined metal production of 24,284 gold equivalent ounces, including 20,850 gold ounces and 227,084 silver ounces.
- Cumulative gold production at Tucano mine of 19,330 gold ounces.
- Cumulative silver equivalent production at Topia mine of 212,006 silver equivalent ounces.
- Cumulative silver equivalent production at the GMC mine of 209,074 silver equivalent ounces.
Great Panther Mining Ltd. (GPL) reported the closure of its underwritten public offering of 88,461,538 ordinary shares of the company in its capital on November 12, 2021. Additionally, the underwriters were given the option of acquisition of supplementary 11,538,461 shares. The public offering price of the shares was $0.26 per share for the combined net proceeds of almost $23 million.
GPL: Key Financials
GPL updated on November 3, 2021, about its financial outcomes for the three months ended September 30, 2021. Some of the key points are as follows.
Revenue
Revenue of $38.4 million was recorded in Q3 2021, versus $77 million in the same period of 2020. The company’s revenue declined by 50% over the year.
Net Income/Loss
Basic and diluted net loss per share in Q3 2021 was $18.0 million or $0.05 compared to the net income of $18.6 million or $0.05 in Q3 2020.
Great Panther Mining Ltd. (GPL) updated on October 18, 2021, about its geotechnical committee had recommended supplementary remediation effort on one of its ore’s open pit to reduce safety concerns. The mining process had been suspended briefly to take safety measures for the wellbeing of employees.
Conclusion
The past few months have negatively impacted businesses due to the global pandemic. Almost all the major companies’ stock dip in the period. GPL stock also down performed by 73% from the past few months. The company’s stock gained notably in the current aftermarket session as a result of uncertain factors and there is no recent company news available.
