{"id":1038929,"date":"2018-09-24T23:23:58","date_gmt":"2018-09-24T23:23:58","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=1038929"},"modified":"2018-09-24T23:23:58","modified_gmt":"2018-09-24T23:23:58","slug":"great-panther-acquires-brazil-gold-miner-for-105-million-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1038929","title":{"rendered":"Great Panther acquires Brazil gold miner for $105 million"},"content":{"rendered":"

By MINING.com Editor<\/a><\/span> <\/p>\n

Great Panther Silver (NYSE: GPL) acquired Brazilian gold miner Beadell Resource in an all-share deal for $105 million<\/a>.<\/p>\n

The combined entity will have three producing mines in three mining jurisdictions, and an advanced stage project.<\/p>\n

Great Panther, which expects to produce 4 million silver-equivalent ounces of production in 2018, will add 130,000 gold ounces of production expected from Beadell in 2018.<\/p>\n

The acquisition wasn’t warmly received. Great Panther stock price declined 5% to $1.16 a share.<\/p>\n

The CEO of the combined entities lauded the deal.<\/p>\n

\u201cThis is a transformational transaction for the shareholders of Great Panther and Beadell,” James Bannantine, president and CEO of Great Panther, said in a release.<\/p>\n

“Great Panther has grown and optimized its operations in Mexico, acquired and advanced its Coricancha project in Peru, and is now positioned to add a sizeable producing mine in Brazil with exceptional exploration potential.\u201d<\/p>\n

Dr. Nicole Adshead-Bell, CEO and managing director of Beadell, will join the Board of Directors of Great Panther on completion of the transaction.<\/p>\n

Beadell operates the 100% owned Tucano Gold Mine in Amap\u00e1 State, northern Brazil. The Tucano is part of an approximate 2,500 square kilometre land package located in the under-explored ‘Birimian age’ greenstone terrane. Beadell remains on track for completion of a Tucano plant upgrade by early November 2018.<\/p>\n

Image of panther and ball courtesy of Elijah van der Giessen<\/a><\/em><\/p>\n

The post Great Panther acquires Brazil gold miner for $105 million<\/a> appeared first on MINING.com<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Mining.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MINING.com Editor Great Panther Silver (NYSE: GPL) acquired Brazilian gold miner Beadell Resource in an all-share deal for $105 million. The combined entity will have three producing mines in three mining jurisdictions, and an advanced stage project. Great Panther, which expects to produce 4 million silver-equivalent ounces of production in 2018, will add 130,000 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1038929"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1038929"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1038929\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1038929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1038929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1038929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}