VANCOUVER, BC, Nov. 25,
2022 /CNW/ - Great Panther Mining Limited (OTCPK:
GPLDK) ("Great Panther" or the "Company") announces that it has
terminated the Share Purchase Agreement (the "Agreement")
previously reached with Newrange Gold Corp. ("Newrange") to sell to
Newrange the Company's Peruvian subsidiaries, which together
indirectly own the Coricancha Mine in Peru, Great Panther Peru Holdings Ltd. and
Great Panther Silver Peru S.A.C.
Completion of the Agreement was subject to certain closing
conditions including, but not limited to, the approval of the TSX
Venture Exchange as well as evidence of sufficient financing to
support the transaction.
Coricancha, located in the central Andes of Peru approximately 90 kilometres east of
Lima is a past producing mine
which the Company acquired in June
2017 and has remained in care and maintenance since
then.
ABOUT GREAT PANTHER
Great Panther Mining is a precious metals producer focused on
the operation of the Tucano Gold Mine in Brazil where the Company controls a land
package covering nearly 200,000 hectares in the prospective Vila
Nova Greenstone belt.
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SOURCE Great Panther Mining Limited