Great Panther Silver Ltd. Reports Production Results for the Fourth Quarter and Full Year of 2017; provides operating guidance for the year 2018
For 2017, the company reported consolidated metal production increased 2% to 3,978,731 silver equivalent ounces (Ag eq oz'). Silver production decreased 3% to 1,982,685 silver ounces (Ag oz') Gold production increased 1% to 22,501 gold ounces ("Au oz"), an annual record. Ore processed decreased 1% to 373,709 tonnes. Topia achieved a record 1,086,663 Ag eq oz in metal production, representing 21% growth.
For 2018, production is expected to be in the range of 4.0 to 4.1 million Ag eq oz. Cash cost per silver ounce and all-in sustaining cost per payable silver ounce guidance for 2018 is $5.00 $6.50 and $12.50 $14.50, respectively.