Great Panther Announces Management Change
May 30 2013 - 5:00PM
Marketwired
GREAT PANTHER SILVER LIMITED (TSX:GPR)(NYSE MKT:GPL) ("Great
Panther"; the "Company") today announced that Mr. Robert Archer,
co-founder and CEO of Great Panther, will resume the role of
President and CEO upon the resignation of Mr. Martin Carsky,
President, effective immediately. Mr. Carsky has resigned for
personal reasons but has agreed to remain as a consultant to the
Company for a few months to assist with the transition of
responsibilities.
"Martin has made a significant contribution to our Company
through a challenging period. He has built a strong team in
operations, health and safety, and financial management during his
tenure," said Mr. Archer. "While we have begun to see encouraging
progress due to operational efficiencies, grade control and cost
reductions, we continue to review all areas of our business with
the aim of reducing overall costs even further, and remain
committed to long term profitability and growth."
Initiatives to improve grade control at the Company's two
operating mines, Guanajuato and Topia, are being implemented.
Mining contracts at Guanajuato are currently under review with the
objective of reducing site costs in the second half of the year.
Plans for the development and ramp-up of production at San Ignacio
remain on track and drilling at El Horcon is progressing well, with
initial results to be released in the near future.
ABOUT GREAT PANTHER
Great Panther Silver Limited is a profitable, primary silver
mining and exploration company listed on the Toronto Stock Exchange
trading under the symbol GPR, and on the NYSE MKT trading under the
symbol GPL. The Company's current activities are focused on the
mining of precious metals from its two wholly-owned operating mines
in Mexico, Topia and Guanajuato. Great Panther is also in the
process of developing its San Ignacio Project and has two
exploration projects, El Horcon and Santa Rosa. The Company is also
pursuing additional mining opportunities within Latin America, with
the goal of adding to its portfolio of mineral properties.
Contacts: Great Panther Silver Limited Robert A. Archer Chief
Executive Officer 1-888-355-1766info@greatpanther.com
www.greatpanther.com
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