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  • Great Panther Mining Ltd. (GPL) stock Surges After Hours as Precious Metals Prices Hike Up

    On March 10, Great Panther Mining Ltd. (GPL) stock surged in the after-hours to reach a value of $0.38 per share. With the hike in the precious metal prices including gold, mining stocks have been under focus recently. The recent price hike of Nickel and Gold seems to have resulted in the upsurge of GPL on Thursday.

    In the regular trading session, the stock remained in the green with a day range of $0.31-$0.34. The stock closed the session at a value of $0.34 while 12.44 million shares exchanged hands. The day’s volume remained above the average at 296%. In the following after-hours session, the bullish momentum of the stock increased as it added a further 10.47%.

    The precious materials miner and explorer, Great Panther Mining Ltd. was founded in 1965. Currently, the company has a market capitalization of $145.98 million with 445.43 million shares outstanding.

    What’s Going on?

    Several industries have been in the crosshairs of investors recently due to the ongoing uncertainty in the market thanks to the Russia-Ukraine conflict. The increasing sanction on Russian imports including oil and energy, have the oil and energy prices skyrocketing. Furthermore, precious metals have also been on an uptrend as of recently. This has resulted in investors being interested in mining and metal stocks. Thus, it seems the recent price hike in metal prices including gold was the reason for GPL’s big move on Thursday.

    So far 2022 has proved very fruitful for GPL. In the past five days alone, the stock has increased by 38.78% while adding 55.11% year to date. The stock suffered a loss of 60.13$ in the past year.

    GPL’s 2021 Financial Results

    On March 02, the company declared its financial results for Q4 and fiscal 2021, ended on December 31, 2021,

    Source: LoveToKnow

    Q4 2021

    In Q4 2021, the company produced 24,284 Au eq oz of metals, while the revenue decreased by 38% YOY to $42.7 million.

    Furthermore, GPL incurred a net loss of $13.8 million in the quarter, against a net income of $13.6 million in the year-ago period.

    Additionally, the EBITDA was $(5.2) million in Q4 2021 against $27.2 million in Q4 2020.

    GPL’s Fiscal 2021

    For fiscal 2021, the company reported 105,006 Au eq oz of metal production while the revenue was $185.7 million (29% YOY decline).

    The company had a net loss of $42.2 million in fiscal 2021, against a net income of $0.3 million in fiscal 2020.

    In addition, the EBITDA declined to $(5.8) million in fiscal 2021, against $51.1 million in the previous year.

  • Great Panther Mining Ltd. (GPL) Stock Up in the Aftermarket, Here’s What you Should Know.

    Great Panther Mining Ltd. (GPL) is a mineral exploration firm focusing primarily on silver, gold, copper, lead, and zinc ores. It possesses a wide collection of assets in different regions. The company creates long-term and investor-based value via safe and sustainable manufacturing.

    The price of GPL stock during the regular trading on February 1, 2022, was $0.15 with a significant 20.8% fall. At last check in the aftermarket, the stock gained momentum by 26.2%.

    GPL: Events and Happenings

    GPL announced its production outcomes on January 19, 2022, for the three months ended December 31, 2021. The company is also planning to release Q4 results on March 2, 2022. Some of the key production updates are as follows.

    • Combined metal production of 24,284 gold equivalent ounces, including 20,850 gold ounces and 227,084 silver ounces.
    • Cumulative gold production at Tucano mine of 19,330 gold ounces.
    • Cumulative silver equivalent production at Topia mine of 212,006 silver equivalent ounces.
    • Cumulative silver equivalent production at the GMC mine of 209,074 silver equivalent ounces.

    Great Panther Mining Ltd. (GPL) reported the closure of its underwritten public offering of 88,461,538 ordinary shares of the company in its capital on November 12, 2021. Additionally, the underwriters were given the option of acquisition of supplementary 11,538,461 shares. The public offering price of the shares was $0.26 per share for the combined net proceeds of almost $23 million.

    GPL: Key Financials

    GPL updated on November 3, 2021, about its financial outcomes for the three months ended September 30, 2021. Some of the key points are as follows.

    Revenue

    Revenue of $38.4 million was recorded in Q3 2021, versus $77 million in the same period of 2020. The company’s revenue declined by 50% over the year.

    Net Income/Loss

    Basic and diluted net loss per share in Q3 2021 was $18.0 million or $0.05 compared to the net income of $18.6 million or $0.05 in Q3 2020.

    Great Panther Mining Ltd. (GPL) updated on October 18, 2021, about its geotechnical committee had recommended supplementary remediation effort on one of its ore’s open pit to reduce safety concerns. The mining process had been suspended briefly to take safety measures for the wellbeing of employees.

    Conclusion

    The past few months have negatively impacted businesses due to the global pandemic. Almost all the major companies’ stock dip in the period. GPL stock also down performed by 73% from the past few months. The company’s stock gained notably in the current aftermarket session as a result of uncertain factors and there is no recent company news available.