Revenue Update on Great Panther Silver Ltd(NYSEMKT:GPL)

Great Panther Silver Ltd(NYSEMKT:GPL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $25.58M. Analysts estimated a revenue of $17.10M. Earnings per share were $-0.01. Analysts had estimated an EPS of $0.01.

Great Panther Silver Ltd (GPL) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.68% at a volume of 19,71,878. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.52. The peak price level was also seen at $1.52 while the days lowest was $1.43. Finally the shares closed at $1.45. The 52-week high of the shares is $2.25 while the 52-week low is $0.36. According to the latest information available, the market cap of the company is $213 M.

Great Panther Silver Limited is a primary silver mining and exploration company. Great Panther’s activities are focused on the mining of precious metals from its two wholly-owned mining operations in Mexico: the Guanajuato Mine Complex which includes the San Ignacio Mine and the Topia Mine in Durango. The Company holds a two-year option agreement to acquire a 100% interest in the Coricancha Mine Complex in the central Andes of Peru and holds an option to acquire a 100% interest in the advanced stage Guadalupe de los Reyes Project in Sinaloa Mexico.

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