Great Panther Ships 100 Tons of Silver-Gold Pyrite to New Buyer in Mexico

Great Panther recently sought a buyer to purchase its oversupply of concentrates and says the first delivery was made today. The company says the buyer was a Mexican plant producing Dore bars. Great Panther says this move will allow the company to reduce the backlog of concentrates that it currently holds at its Guanajuato mine. Great Panther’s recent second quarter results showed lower revenues due to the unsold concentrates. The additional sale is expected to bring in higher revenues for the upcoming quarters. The company projects that the backlog should be reduced to normal levels by year end.