TSX: GPR | NYSE American: GPL
VANCOUVER, July 15, 2019 /CNW/ - GREAT PANTHER MINING
LIMITED (TSX: GPR; NYSE American: GPL) ("Great Panther", the
"Company") reports that Jeffrey R.
Mason has been appointed Chair of the Board of Directors of
the Company (the "Board") effective today. He will succeed
R.W. (Bob) Garnett who will remain
on the Board.
Mr. Garnett has served as a Director of the Company since
May 3, 2011 and as Chair of the Board
of Great Panther since February 6,
2012 and has brought a wealth of experience in corporate
governance, financial expertise and general business
experience. During his tenure as Chair, Great Panther
completed two significant acquisitions and has grown the value of
its annual precious metals production over five-fold on the basis
of its 2019 guidance of 171,500 – 185,000 gold equivalent
ounces. The Board and senior management thank Mr. Garnett for
his tremendous contribution and service as Chair over the past
seven years.
The Board annually reviews director roles and appointments
following its annual general meeting. Following the
acquisition of the Tucano Gold Mine earlier in the year, it was
felt that Mr. Mason's blend of governance, finance and mining
experience made him a natural successor for the role of
Chair. As one of the founding partners of the
Hunter-Dickinson Group, he has been senior executive and director
of multiple mining companies, and currently serves on the boards of
Auryn Resources Inc. and Torq Resources Inc. Since
joining Great Panther's Board in May
2014, Mr. Mason has played an active role on various
committees including most recently as the chair of the special
committee developing the strategic direction of the Company and
overseeing acquisitions and integration.
ABOUT GREAT PANTHER
Great Panther Mining Limited is an intermediate precious metals
mining and exploration company listed on the Toronto Stock Exchange
trading under the symbol GPR, and on the NYSE American under the
symbol GPL. Great Panther operates three mines including the
Tucano Gold Mine in Amapá State, Brazil, and two primary silver mines in
Mexico: the Guanajuato Mine
Complex and the Topia Mine. Great Panther also owns the
Coricancha Mine in Peru, which is
expected to restart operations in 2020.
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995 and forward-looking information within the meaning of
Canadian securities laws (together, "forward-looking
statements"). Such forward-looking statements include, but
are not limited to, statements with respect to the timing or
ability to restart operations for Coricancha, and involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements expressed or implied by
such forward-looking statements to be materially
different.
These forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the actual
results, performance or achievements expressed or implied by such
forward-looking statements to be materially different. Such
factors include, among others, risks and uncertainties relating to
potential political and social risks involving Great Panther's
operations in a foreign jurisdiction, the potential for unexpected
costs and expenses, fluctuations in metal prices, fluctuations in
currency exchange rates, physical risks inherent in mining
operations, operating or technical difficulties in mineral
exploration, changes in project parameters as plans continue to be
refined, and other risks and uncertainties, including those
described in respect of Great Panther, in its annual information
form for the year ended December 31,
2018 and material change reports filed with the Canadian
Securities Administrators available at www.sedar.com and reports on
Form 40-F and Form 6-K filed with the Securities and Exchange
Commission and available at www.sec.gov.
There is no assurance that such forward looking statements will
prove accurate; results may vary materially from such
forward-looking statements; and there is no assurance that the
Company will be able to identify and acquire additional projects or
that any projects acquired will be successfully developed.
Readers are cautioned not to place undue reliance on forward
looking statements. The Company has no intention to update
forward looking statements except as required by law.
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SOURCE Great Panther Mining Limited