GPL - Great Panther Mining reports Q2 earnings; reaffirms FY22 production guidance

• Great Panther Mining press release ( NYSE: GPL ): Q2 GAAP EPS of -$0.26.
• Revenue of $30.02M (-23.1% Y/Y).
• Gold production of 16,629 ounces compared with 20,696 ounces in the second quarter of 2021.
• Cash costs of $1,575 per gold ounce sold compared with $1,617 in Q2 2021
• All-in-sustaining-costs excluding corporate G&A, of $3,080 per gold ounce sold compared with $2,214 for the same period in 2021.
• EBITDA of negative $5.0M compared with EBITDA of negative $0.9M for Q2 2021.
• The company's Tucano operation is on track to meet previously announced production guidance for 2022 of 85,000 to 100,000 Au oz.
• As disclosed in the company's news release dated January 19, 2022, the second half of 2022 is expected to account for a least 65% of annual production guidance.
• Production for 2022 expected to be within guidance range with steady state at Tucano to be achieved in Q4; inflationary pressures and necessary capital expenditures contributing to adjusted cost guidance.

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