GPL - Great Panther: Diluting Shareholder Value
Great Panther Mining (GPL) concluded the acquisition of Beadell Resources (Tucano mine) earlier this year. More recently, it announced its plans to begin production from its 100% owned Peru-based Coricancha mine (expected to restart in H1 2020). On the surface, these strategic decisions imply upside in production-potential, but, in my opinion, there are greater, less evident issues that trouble the mining dynamics of the company. This article is based on a detailed discussion of those issues.
As I will elaborate in the article, GPL's current strategy for meeting its liquidity requirements eventually results