Brien Lundin, in the April, 2012, edition of the Gold Newsletter, says hold Great Panther Silver Ltd., recently $2.27.
Mr. Lundin said buy nine times between October, 2005, and February, 2011, at prices ranging from 21 cents to $1.99. Assuming an investment of $1,000 for each buy, the $9,000 position is now worth an amazing $28,577.
In 2011, Great Panther Silver produced 2.2 million ounces of silver equivalent (made up of silver, gold, lead and zinc) from its Guanajuato and Topia mines in Mexico. Revenue rose 37 per cent to $57.8-million, and earnings rose 8 per cent to $11.5-million. This year, the company expects to produce between 2.5 million and 2.75 million ounces Ag equivalent. It also expects to pull cash costs down to the range of $9.50 to $10.50 an ounce, from the 2011 average of $10.84.
The Panther plans to drill 45,000 metres across its Mexican properties this year. Part of the exploration program will involve expanding Guanajuato's Deep Cata and Santa Margarita zones. The company also plans to release, during the second quarter, a resource update for its San Ignacio project, also in Mexico. An October, 2011, estimate says San Ignacio has an inferred resource of 4.49 million ounces Ag equivalent.
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