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Great Panther's 152,000oz guidance intact on Topia restart

Great Panther Mining says its 152,000oz gold-equivalent annual guidance remains intact following a 30-day suspension of the Topia mine in Mexico after COVID-19 was detected among the workforce.
Great Panther's 152,000oz guidance intact on Topia restart Great Panther's 152,000oz guidance intact on Topia restart Great Panther's 152,000oz guidance intact on Topia restart Great Panther's 152,000oz guidance intact on Topia restart Great Panther's 152,000oz guidance intact on Topia restart

Great Panther has restarted the Topia mine following a COVID-19 closure

Staff Reporter

The Vancouver, Canada-based company undertook a voluntary shutdown, sending all employees and contractors for COVID-19 protocol training.

Milling of ore is expected to resume next week.

The company said COVID-19 testing and tracing were embedded in the company's operations.

For the three months ended September 30, Topia produced on average 1,400oz gold-equivalent per month and accounted for about 9% of the company's revenues.

Great Panther expects to produce 146,000-158,000oz Au-eq in 2020 at all-in sustaining costs of US$1,150-$1,250/oz, with the Tucano openpit in Amapa, Brazil, producing the lion's share.

Shares in the company (TSX:GPR) last traded at $1.03 in Toronto, capitalising it at $365 million (US$287.3 million).