Is Great Panther Mining Limited (GPL) Ready To Rebound To $2?

Great Panther Mining Limited (NYSE: GPL) was in considerable focus among investors last week after the company announced its earnings for 2020.

However, the stock soon corrected and since then it has been trading within a narrow range. In such a situation, it might be useful for investors to take a look at the company’s financial situation. In the financial year that ended on December 31, 2020, the company managed to generate record-breaking operating earnings for its mining operations. On top of that, the cash flow also broke previous records. More importantly, Great Panther also managed to hit its own projections with regards to its gold and silver production. The all-in-sustaining costs for its mines located in Brazil and Mexico went down as well.

Related:  Atacama Resources (ACRL) Surges 250% in a Week: But Why?

The mining operating income for the period stood at $83.9 million, which is considerably higher than the $6.8 million that Great Panther generated in 2019. The earnings per share in 2020 worked out to $0.24 per share.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.