With us today is Frank C. Smeenk President & Chief Executive Officer of KWG Resources Inc. Mr. Smeenk discusses recent conversation with Noront Resources after proposed acquisition of Cliffs Chromite was announced.
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s January 17th, 2012, and we’ve found 5 great press release to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
Great Panther Silver Reports Improved Fourth Quarter Production
GREAT PANTHER SILVER LIMITED (TSX:GPR)(NYSE Amex:GPL) (the "Company") reports fourth quarter ("Q4") and annual production at its two wholly-owned Mexican silver mining operations, Guanajuato and Topia. Metal production for Q4 increased from Q3 by 13% to 545,294 silver equivalent ounces ("Ag eq oz"). For the year, metal production totaled 2,200,013 Ag eq oz; including record gold production of 8,015 oz. This is in line with the revised production guidance provided in October 2011.
The following summarizes the production results and highlights for Q4, 2011:
--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
--Gold production of 2,281 ounces ("Au oz"), up 53% from previous quarter
--Ore grades improved at Guanajuato, to 235g/t Ag and 2.12g/t Au, in
November and December, the highest since September, 2010
--Deep Cata development yielded 6,300 tonnes at 482g/t Ag and 1.83g/t Au
--Santa Margarita drilling, stoping on 400 metre level and new 455 metre
level development confirms ore continuity with gold values ranging from
7.5g/t to 9.0g/t
Great Panther Silver Limited, is a profitable primary silver producer with strong leverage to future rises in the price of silver. The Company owns two operating mines in Mexico, and employs almost 1000 people.
Great Panther's mission is to become a leading primary silver producer by acquiring, developing and profitably mining precious and base metals in Latin America. We are committed to conducting ourselves with fairness and integrity, and managing all business activities in an environmentally responsible and cost-effective manner, while contributing to the well-being of the communities in which we live and work.
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