He noted that Great Panther’s 2019 guidance is in line with expectations. Management forecasts production of 3.7–4 thousand oz (3.7–4 Moz) of Ag eq for an all-in sustaining price (AISC) of $13–$15 per ounce. ROTH’s quotes fall within those ranges, together with production at 3.8 Moz of Ag eq with an AISC of $13.21 per oz.
As for Tucano, fantastic Panther is well positioned financially, having over $50 million in cash, to integrate and enhance it, Sekelsky pointed out. Additionally, the miner could benefit from its new larger size and probably greater bargaining power with local buyers, finally visiting “substantial ” savings because of this. Additionally, greater throughput in the mine should translate into reduced costs on a per ounce basis.
Source: Streetwise Reports 03/07/2019
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ROTH produces a market in shares of fantastic Panther Silver Limited and therefore, buys and sells from customers on a principal basis.
Higher-than-expected costs, which averaged $15.62 per ounce of silver equal (Ag eq), are to blame for its “mostly higher reduction,” Sekelsky commented.
The advantages to be gained from a recently acquired entity, in addition to a review of the company’s 2018 functionality and 2019 guidance, were discussed at a ROTH Capital Partners report.
Sekelsky emphasized these projections do not include any potential production from Beadell’s Tucano mine, that can be predicted to make 145,000–155,000 oz of gold in 2019.
Disclosures out of ROTH Capital Partners, Terrific Panther Silver, Company ruling, March 3, 2019
Additionally affecting operations, at least Q4/18, has been the current restructuring of their Guanajuato mine complex. But those efforts, the transfer to processing higher-margin substance from San Ignacio, should pay off in lower costs at Guanajuato in 2019. “We support direction ’s choice to have a little step back in production in favour of a lower cost structure,” Sekelsky indicated.
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