Monday, 9 April 2012

Great Panther Silver appoints VP of corporate communications

Great Panther Silver (TSE:GPR)(AMEX:GPL) said Thursday it has appointed Rhonda Bennetto as vice president of corporate communications.
Under this new role, Bennetto will be one of the key liaisons between Great Panther and the investment community. Her position takes effect on April 12.
She will lead corporate communications, as well as develop and implement internal and external strategies that enhance the company’s strategic vision of becoming a profitable mid-tier silver producer.
Bennetto has held senior roles with a number of publically traded companies with a focus on mining and resource assets in Mexico. With more than 18 years of experience in capital markets and investor relations, Bennetto has experience in communicating initial public offerings, mergers and acquisitions, restructurings as well as recapitalizations.
Currently, she serves on the board of the Canadian Investor Relations Institute and is chairman of the Public Relations Advisory Committee for Mount Royal University.
“We are pleased to welcome Rhonda to our senior management team,” chief executive Robert Archer said in a statement.
“Her broad experience implementing and managing progressive, dynamic investor relations programs, and extensive knowledge of global capital markets will strengthen and expand our company's exposure to both retail and institutional investors.”
Last month, the silver producer recorded an increase in 2011 earnings and revenues as precious metal prices continued to soar.
For the year that ended December 31, Great Panther said net earnings increased eight percent to $11.5 million while full-year revenues jumped 37 percent to $57.8 million.
The company plans a total of over 45,000 metres of exploration drilling in 2012 to further define resources, look for vein extensions and test new targets.
It also expects to release a resource update for the San Ignacio project in the second quarter of 2012. In October 2011, a NI 43-101 compliant initial mineral resource estimate of 4.5 million silver equivalent ounces was released for San Ignacio, after drilling 24 diamond core holes.
San Ignacio is expected to realize its potential during 2012 with an intensive exploration and mine development program being planned, which the company expects will add to production growth in 2013.
The company, founded in 1965, mainly produces silver. It also produces gold, lead and zinc. It holds a 100 percent stake in the Guanajuato silver-gold mine, comprised of roughly 28 claims totalling 1,107-hectares located on the central plateau of Mexico in the state of Guanajuato.

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