NYSE American: GPL | TSX: GPR
VANCOUVER, June 3, 2020 /CNW/ - Great Panther Mining Limited
(TSX: GPR) (NYSE-A: GPL) ("Great Panther" or "the Company") reports
the restart of mining operations in Mexico following a government order adding
mining to the list of essential services. The restart is
following a phased approach to accommodate new protocols in
response to COVID-19. The Company's operating and health
plans for both mines, in alignment with most recent government
regulations, received approval from the Mexican Institute of Social
Security. Mining and processing operations have commenced at
the Topia Mine in Durango, and processing at the Guanajuato Mine
Complex in Guanajuato is expected
to start next week.
The Company's Tucano Gold Mine in Brazil continues to operate under strict
protocols to limit the spread of COVID-19, collaborating closely
with municipal and state government agencies.
Great Panther has developed and implemented significant COVID-19
prevention, monitoring and response plans following the guidelines
of the World Health Organization and the governments and regulatory
agencies of each country in which it operates to ensure a safe
work environment. All employees, contractors and visitors undergo
medical screening on arrival and are required to complete a
site-specific medical questionnaire. In addition, mandatory
safety training sessions on the new health and safety protocols are
being held to promote a gradual, orderly, and safe reopening,
including education and social awareness, social distancing and
sanitation measures, transportation practices, and updated working
procedures. Increased cleaning and sanitizing procedures have
been introduced, especially in frequently visited areas.
Specific procedures and areas have been prepared for the
isolation, testing and care of employees showing COVID-19
symptoms.
Great Panther President and CEO Rob
Henderson commented, "We are pleased to be resuming our
Mexican operations and are conducting the ramp-up in a safe and
cautious manner to protect the health and well-being of our most
valuable assets: our people."
At the Topia Mine, permitting for the Phase III tailings storage
facility ("TSF") is underway. Geotechnical work and upgrade
of monitoring instruments on the Phase II TSF is progressing on
schedule and is expected to be complete by the end of June.
Re-installed monitoring points, combined with the stabilization of
movement on the Phase I TSF observed over the last few months, are
expected to enable the reopening of the adjacent Phase II TSF in
the next two months. In the interim, Topia plans to utilize its temporary tailings
capacity to allow adequate time for the granting of the Phase III
permit or the recommissioning of Phase II. As a result, the
Company does not anticipate any interruption of operations caused
by lack of tailings storage capacity at Topia in 2020.
ABOUT GREAT PANTHER
Great Panther Mining Limited is a Vancouver-based intermediate gold and silver
mining and exploration company. Great Panther's operations
include the Tucano Gold Mine in Brazil, and the Topia Mine and Guanajuato Mine
Complex, comprising the San
Ignacio and Guanajuato
mines, in Mexico. It also owns the Coricancha Mine in
Peru which is currently on care
and maintenance. Great Panther trades on the Toronto Stock
Exchange trading under the symbol GPR, and on the NYSE American
under the symbol GPL.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995 and forward-looking information within the meaning of
Canadian securities laws (together, "forward-looking statements").
Such forward-looking statements may include, but are not
limited to, statements regarding developments related to COVID-19,
the impact of COVID-19 on the Company's operating mines, potential
cases of COVID-19 at the Company's corporate offices and mining
operations, the status of permitting at the Topia Mine,
recommissioning of the Topia Phase II TSF and capacity for interim
tailings storage.
These forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the actual
results, performance or achievements expressed or implied by such
forward-looking statements to be materially different. Such
factors include, among others, risks and uncertainties relating to
potential political and social risks involving Great Panther's
operations in a foreign jurisdiction, developments with respect to
COVID-19 that may impact the Company's operations, the potential
for unexpected costs and expenses, fluctuations in metal prices,
fluctuations in currency exchange rates, physical risks inherent in
mining operations, operating or technical difficulties in mineral
exploration, changes in project parameters as plans continue to be
refined, and other risks and uncertainties, including those
described in respect of Great Panther, in its annual information
form for the year ended December 31,
2018 and material change reports filed with the Canadian
Securities Administrators available at www.sedar.com and reports on
Form 40-F and Form 6-K filed with the Securities and Exchange
Commission and available at www.sec.gov.
There is no assurance that such forward looking statements will
prove accurate; results may vary materially from such
forward-looking statements; and there is no assurance that the
Company will be able to identify and acquire additional projects or
that any projects acquired will be successfully developed.
Readers are cautioned not to place undue reliance on forward
looking statements. The Company has no intention to update
forward looking statements except as required by law.
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SOURCE Great Panther Mining Limited