Great Panther Improves Fourth Quarter Production

Great Panther Silver (NYSE-Amex: GPL; TSX: GPR) reported 4th quarter production of 545,294 silver equivalent ounces, an increase of 13% over the 3rd quarter.  For the year ended December 31, 2011, metal production totaled 2,200,013 silver equivalent ounces, in line with October’s revised production guidance. 

Below are fourth quarter highlights:

  • Metal production of 545,294 Ag eq oz, up 13% from previous quarter;
  • Silver production of 354,754 ounces (“Ag oz”), up 3% from previous quarter;
  • Gold production of 2,281 ounces (“Au oz”), up 53% from previous quarter; and
  • Ore grades improved at Guanajuato, to 235g/t Ag and 2.12g/t Au, in November and December, the highest since September, 2010.

Below are highlights for fiscal 2011:

  • Achieved revised metal production target of 2.2 million Ag eq oz (down 2%);
  • Silver production of 1,495,371 oz (down 3%);
  • Record gold production of 8,015 oz (up 11%);
  • Record silver production at Topia of 535,881 oz (up 4%);
  • Record gold production at Guanajuato of 7,515 oz (up 14%); and
  • Record metallurgical recoveries at Guanajuato of 88.5% for Ag and 90.7% for Au (up 1% and 2%, respectively).

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