Great Panther Silver Limited (TSX: GPR) (NYSE Amex: GPL) headquartered in Vancouver, Canada, is one of the fastest growing primary silver producers in Mexico with strong leverage to future rises in the price of silver. Since entering production in the first quarter of 2006, the Company has seen four consecutive increases in annual production.
Great Panther has completed the first year of a three-year growth strategy (2010-2012). During 2010, the Company purchased new equipment, upgraded milling operations, advanced new development headings, rehabilitated old workings, and completed over 27,000 metres of exploration diamond drilling. The Company is now focusing on an immediate and aggressive increase in production, an increase in resources and reserves, and maintaining profitability. The Company's annual production is expected to grow to 3.8 million silver equivalent ounces, including 2.65 million ounces of silver by 2012 from its two existing mines in Mexico.
Great Panther Silver’s primary goal is that of profitable growth, the key to maximizing long-term shareholder value. Great Panther’s specific objectives are to grow production and earnings from mining operations and maintain positive cash flow while continuing to actively pursue exploration and development opportunities in Latin America.