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Great Panther Silver Ltd. is one of the fastest growing primary silver producers in Mexico with strong leverage to future rises in the price of silver. The company owns a 100% interest in two operating mines and two high quality exploration projects in Mexico, and employs almost 600 people.
With strong, established local management and infrastructure, Great Panther's immediate goal is to realize positive cash flow through progressively increasing hard production numbers for the 2nd half.
Great Panther's forecasts a further 20% increase in silver production in 2009 above the record 1.214 million ounces produced in 2008 from its two 100% owned silver mines in Mexico. The estimated total metal production for 2009 includes 1.45 million oz of silver, 6,000 oz of gold, 750 tonnes of lead and 840 tonnes of zinc, or 2.07 million oz silver equivalent (Ag Eq Oz), up from 1.81 million Ag Eq Oz in 2008.
Great Panther trades on the TSX exchange under the symbol "GPR" www.greatpanther.com
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