- Great Panther Mining released its Q3 results earlier this month and reported quarterly production of 39,800~ gold-equivalent ounces.
- This figure was down from the 47,400~ gold-equivalent ounces produced last year due to less output from Tucano in Q3.
- However, all-in sustaining costs continue to decline, with Great Panther finally having more respectable costs vs. the 3rd worst costs in the industry for FY2019.
- Given Great Panther's improving earnings trend and reasonable valuation, I continue to see the stock as a Speculative Buy at $0.72 or lower.
For further details see:
Great Panther Mining: Record Revenue Despite A Weak Q3 Operationally