Thom Calandra: Four Actions to Take Right Now

December 2, 2011

SAN FRANCISCO – This is one of those “Things You Must Do Before The New Year.”

Here at Torrey Hills Capital’s Baby Bulls, I am altering that hackneyed come-on to this: Four Actions For Right Now. (Whose New Year are we talking about, anyway?)

1.    Buy low. Tax-loss selling season has driven more than several metals equities to prices not seen since 2009. These include Platinum Group Metals (PLG and T.PTM), Great Basin Gold (GBG and T.GBG), Great Panther Silver (GPL and T.GPR) and Canaco Resources (V.CAN). I own all four, and there are others in my portfolio that are depressed and deserve a look-see, including Golden Valley Mines (V.GZZ), Solvista (V.SVV) and Gold Standard Ventures (V.GV). (See portfolio holdings link below.) PLG, GZZ, GV and GPL are investor-outreach clients of Torrey Hills Capital – meaning the firm, including me, can benefit if stock options we have received in payment for services rise in value. (All photos Thom Calandra)

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Great Panther Confirms Continuity at Santa Margarita and Extends Guanajuatito Mineralized Zone to Depth

November 30, 2011

Great Panther Silver (NYSE-Amex: GPL; TSX: GPR), as a result of recently completed drilling programs, has confirmed continuity of the Santa Margarita gold-silver vein plus two footwall veins between the 435 and 500 metre levels and has extended the Guanajuatito silver-gold mineralization below the 100 metre level, down to the 390 metre level.

At Santa Margarita, initial results have confirmed the high grade gold values typical of the SM structure (mostly electrum, a naturally-occurring gold-silver alloy) and drilling has regularly encountered two stockwork dominant footwall zones that are persistent between drill holes. The two footwall zones plus part of the main vein are classified as inferred in the current mineral resource estimate and will be upgraded in the resource update presently being prepared.  Intersections on the Santa Margarita structure include 44.76g/t gold and 46g/t silver over a true width of 1.14 metres in drill hole UGSM11-005.

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Thom Calandra: Taking Calculated Yet Extreme Risks in Mining

November 21, 2011

Thom Calandra, a long-time journalist and mining investor, knows what risks to stomach in search of jaw-dropping returns. Geopolitical risk, for one. Karen Roche of The Gold Report caught up with him at The New Orleans Investment Conference to see what this 30-year veteran of analyzing financial markets took away from the event. In this interview, Calandra revealed what mining gems he’ll be eyeing for his portfolio and why he’ll never invest without setting foot on a project first.

The Gold Report: Thom, you’ve been able to identify some tenfold-return candidates in Ghana, Colombia, Sierra Leone, Quebec and Ethiopia. What creates a candidate that can give you a 10x return and how does one find these candidates?

Thom Calandra: Karen, I’ve been a financial journalist for 30 years. I’ve focused entirely on natural resources for the past 12 years. I’m also a very heavy investor and I do some investor relations on the side. That combination gives me the ability to meet people a retail investor might not. I like to think I know most of the companies out there with interesting projects.

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Great Panther Research Update by Dundee Securities

November 17, 2011

Dundee Securities updated their research coverage of Great Panther Silver (NYSE Amex: GPL; TSX: GPR) today with a Buy rating and 12-month target of C$3.30. We have included a link to the full report below:

Great Panther Silver Reports Revenues up 46% to $16.3 Million, Earnings From Mining Operations Increase by 78% to $8.3 Million in Q3 2011

November 14, 2011

GREAT PANTHER SILVER LIMITED (AMEX: GPL; TSX: GPR) announced today financial results for the three and nine months ended September 30, 2011. Great Panther reported revenues for the nine months ended September 30, 2011 of $40.3 million, representing a 42% increase over the same period in the prior year. The Company also significantly grew earnings from mining operations to $20.9 million for the nine month period, a 97% increase over the comparable period in 2010. Revenues for the three months ended September 30, 2011 increased by 46% to a record $16.3 million, while earnings from mining operations increased by 78% to $8.3 million. Working capital increased to $53.8 million from $18.8 million at December 31, 2010.

The full version of the financial statements and management’s discussion and analysis can be viewed on the Company’s website at or on SEDAR at

In the release, Robert Archer, President and CEO stated: “We are extremely pleased that our financial results continue to show significant growth in our revenues and earnings. The partial draw-down of concentrate inventory at Guanajuato during the latter half of the third quarter resulted in near-normal shipments for the period and brought stability back to our revenue stream. Recent discoveries of high grade silver and gold mineralization have been accessed in an extention of our Cata Mine in Guanajuato, which should contribute to higher grades and improved metal output in the coming quarters. In addition, we are very excited about the prospects for our San Ignacio and Santa Rosa properties which are located within trucking distance to our Guanajuato Mine Complex. The initial resource estimate at San Ignacio is an excellent start in proving up this new discovery for Great Panther, and we have accelerated our drilling program as a result.”

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Christopher Barker: Great Panther Silver From the Inside-Out

October 27, 2011

Christopher Barker (The Motley Fool) – I am a man on a mission: to provide my Foolish readers with the most comprehensive insight I can gather into the complex world of mining stock investments. I’ll go to just about any length — and even any depth — to unearth useful perspective. On Monday, I took it to a new depth: 510 meters below the surface of Great Panther Silver‘s (AMEX: GPL  ) flagship Guanajuato silver and gold mine!

Reminiscent of my visit to Brigus Gold‘s (AMEX: BRD  ) Black Fox mine in Canada, the extent to which a deep well of mining history is woven into the fabric of life in Mexico’s enchanting city of Guanajuato is immediately evident on the approach to the mine. From the taxi driver’s recommendation that I visit the 220-year-old site of the legendary Valenciana silver mine, to the large bronze statue depicting a miner operating a jack-leg drill, the moment you arrive at Guanajuato you know you’ve reached truly one of the world’s great mother lodes of silver. One of Guanajuato’s hotels is aptly named: Villa de la Plata (silver town).

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Traveling Thom Calandra: Great Panther Seeks Victory at Guanajuato

October 27, 2011

TravelingThomCalandra (GUANAJUATO, Mexico)Two underdog teams shared space on the Mexico return flight to the USA today: Pan-American Games baseball champion Team Canada and silver producer Great Panther Silver.

Team Canada, managed by former Toronto Blue Jays catcher Ernie Witt, told me USA, Cuba and Mexico are always the lead contenders. His Canada team snatched victory from Team USA in a 2-1 nail-biter Tuesday evening in Mexico.

Great Panther Silver (AMEX: GPL and TSX: T.GPR, Stock Forum) is poised to snatch victory in Guanajuato, a historic Mexico silver district. But that victory, beneficial to shareholders in my view, might be tinged with melancholy.

Bob Archer’s Great Panther Silver was the first small Canadian prospector to the city and surrounding region of Guanajuato. Bradford Cooke’s Endeavour Silver (NYSE: EXK and TSX: T.EDR, Stock Forum) followed closely in 2007. (Photo: Great Panther’s Robert Archer at the entrance to Guanajuato Mine Complex this week – Thom Calandra photo)

Both have been among the Mexico silver producers’ fastest up-and-comers on their way to mid-tier status of five million or more ounces yearly. First Majestic (TSX: T.FR, Stock Forum) gets top honors in that category.

In Great Panther’s case, the bucks, or growth, slowed in this year’s second and third quarters. “In 2009, when you were first here,” Mr. Archer tells me in this week’s mine tour, “we had a lot of assumptions built into our targets. Factor in a 33 percent drop in grades (vs. Q3 2010 at Guanajuato) and that is quite a production drop.”  In fact, slower than forecast mine development and a few exploration holes that were clunkers led to a 24 percent drop year to year in metal production at the picturesque hillside town’s labyrinth of rich silver and gold veins.

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