Great Panther Regains Possession of Administration and Plant Facilities in Guanajuato
March 14 2014 - 8:00AM
Marketwired
Great Panther Regains Possession of Administration and Plant
Facilities in Guanajuato
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 14, 2014) -
GREAT PANTHER SILVER LIMITED (TSX:GPR)(NYSEMKT:GPL) "Great
Panther"; the "Company") announces that the Company has regained
possession of its administration building and plant facility at its
Guanajuato Mine Complex.
On March 9th, approximately 60 people gained unauthorized entry
to the Company's main administration building and plant facility in
Guanajuato and occupied it until approximately 3:30pm Thursday
March 13th. At that time, the authorities gained entry and removed
the people who had been illegally occupying the Company's
facilities.
"I am grateful that this situation was resolved peacefully and
that the facilities have been returned to Great Panther", stated
Robert Archer, President & CEO. "I would like to express my
sincere gratitude to everyone who assisted in reaching this
peaceful resolution in such a short period of time."
"In particular, I would like to thank the Governor of the State
of Guanajuato, the Canadian Ambassador to Mexico, the Secretary of
the Economy, the General Coordinator of Mining, the Minister of the
Interior and the Mayor of Guanajuato City. Last but not least, I
want to thank our employees, our contractors and our stakeholders
for their patience and loyalty throughout this very unfortunate and
trying time", concluded Mr. Archer.
Over the next few days, the Company will be assessing its
facilities for damages and stolen goods, but anticipates that
operations will resume in a few days. An announcement will be made
at that time.
ABOUT GREAT PANTHER
Great Panther Silver Limited is a primary silver mining and
exploration company listed on the Toronto Stock Exchange trading
under the symbol GPR, and on the NYSEMKT 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, Guanajuato and Topia. Great Panther is also in the process
of developing its San Ignacio Project with a view to production in
2014, 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.
This news release contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995 and forward-looking information within the meaning of
Canadian securities laws (together, "forward-looking statements").
Such forward-looking statements may include but are not limited to
the Company's plans for production at its Guanajuato and Topia
Mines in Mexico, exploring its other properties in Mexico, the
overall economic potential of its properties, the availability of
adequate financing and involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements expressed or implied by such
forward-looking statements to be materially different. Such factors
include, among others, risks and uncertainties relating to
potential political risks involving the Company's operations in a
foreign jurisdiction, uncertainty of production and cost estimates
and the potential for unexpected costs and expenses, physical risks
inherent in mining operations, currency fluctuations, fluctuations
in the price of silver, gold and base metals, completion of
economic evaluations, changes in project parameters as plans
continue to be refined, the inability or failure to obtain adequate
financing on a timely basis, and other risks and uncertainties,
including those described in the Company's Annual Information Form
for the year ended December 31, 2013 and Material Change Reports
filed with the Canadian Securities Administrators available at
www.sedar.com and reports on Form 40-F and Form 6-K filed with the
Securities and Exchange Commission and available at
www.sec.gov.
Great Panther Silver LimitedRobert A. ArcherPresident &
Chief Executive Officer1-888-355-1766Great Panther Silver
LimitedRhonda BennettoVice President Corporate
Communications1-888-355-1766
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