NYSE American: GPL
TSX: GPR
VANCOUVER, March 20, 2020 /CNW/ - GREAT PANTHER MINING
LIMITED (NYSE American: GPL; TSX: GPR) ("Great Panther", the
"Company") announces that it has been closely monitoring the latest
developments of the novel coronavirus (COVID-19) through the World
Health Organization, the Public Health Agency of Canada and local and national health
authorities in the countries in which it operates. Great
Panther continues to hold the health and safety of its people and
host communities as a top priority.
All operations and offices have implemented travel restrictions,
supervision, monitoring and response plans to reduce the risk of
COVID-19 exposure and outbreak. International travel has been
suspended until further notice and health screening of any local
contractors, visitors and employees has been implemented when
appropriate. Additionally, operations continually assess the
latest developments locally and have limited external visitors to
only those who are business critical following detailed
protocols. The Company is also maintaining regular
communications with its suppliers, customers and business partners
to monitor any potential risks to its ongoing operations and to
ensure timely and reasonable precautionary action.
To date, these measures have not impacted the Company's
operating mines in Mexico and
Brazil and there are no confirmed
or suspected cases of COVID-19 across the Company's corporate
offices and mining operations. The Coricancha Mine in
Peru has been on care and
maintenance with some limited mining and processing campaigns to
evaluate a restart of operations. In accordance with
government-mandated restrictions in response to COVID-19, the
Coricancha Mine personnel will conduct exclusively care and
maintenance activities to sustain the appropriate safety and
environmental systems during the 15-day National State of Emergency
announced on March 16, 2020.
The Coricancha Mine is not material to the Company's
operations.
The Company will continue to assess the effectiveness of
business continuity measures implemented to minimize and mitigate
any potential impact of the pandemic or restrictions imposed by
local governments that may occur on its operations, supply chain,
commercial and financial activities.
Great Panther reaffirms its commitment to the safety of its
people and the communities in which it operates and will provide
updates of future developments as appropriate.
ABOUT GREAT PANTHER
Great Panther Mining Limited is an intermediate gold and silver
mining and exploration company listed on the Toronto Stock Exchange
trading under the symbol GPR, and on the NYSE American under the
symbol GPL. Great Panther owns an operating gold mine in
Brazil and two operating primary
silver mines in Mexico. It also owns two mines on care and
maintenance, one in Mexico and one
in Peru.
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
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 to the Company's operating mines in
Mexico and Brazil, potential cases of COVID-19 at the
Company's corporate offices and mining operations, and the duration
of government mandated restrictions.
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, 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