Great Panther Silver Limited (GPL) Tops Q4 EPS by 4c

Great Panther Silver Limited (NYSE: GPL) reported Q4 EPS of $0.04, $0.04 better than the analyst estimate of $0.00.

"For 2020, Great Panther delivered record mine operating earnings of $84 million ($0.24 per share), significantly strengthening the balance sheet, and successfully added reserves and resources through our result-driven exploration programs," stated Rob Henderson, President and CEO. "Our teams did a tremendous job of managing the challenges of COVID-19, while reducing consolidated AISC, delivering on guidance, successfully extending the open pit mine life at Tucano, and expanding resources at GMC. With $63 million in cash and the expectation for continued strong cash flow from operations, we are fully funded for our capital programs and our ambitious 2021 exploration programs."

Fourth Quarter ("Q4") 2020 Financial Highlights

• Mine operating earnings of $22.1 million ($0.06 per share)
• Net income of $13.6 million ($0.04 per share)
• Cash flow from operating activities of $18.0 million – an increase of 131% over Q4 2019
• 23% reduction in consolidated all-in-sustaining costs ("AISC") 1 over the fourth quarter of 2019
• Reduced debt by $13.5 million and ended the year with $63.4 million in cash

For earnings history and earnings-related data on Great Panther Silver Limited (GPL) click here.

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