- Great Panther Mining released its preliminary Q1 results this week, reporting a 12% decrease in quarterly gold production at Tucano.
- While the company has stuck to its ~115,000-ounce guidance midpoint, Great Panther noted that it could have oxygen supply issues for the next few months which could weigh on recoveries.
- Great Panther continues to look cheap at less than 6x estimated trailing-twelve-month free cash flow, but I believe much of this discount relative to peers is justified.
- Therefore, I continue to see the stock as an Avoid, and I believe there are much better opportunities elsewhere in the sector.
For further details see:
Great Panther Mining: A Weaker Quarter At Tucano Due To Higher Stripping