The mill will continue to receive ore from the Urucum North open pit and from stockpiles.
“We are working with our consultants to make operations safe, with the expectation that mining of the higher-grade gold ore in the UCS pit will start back up again in the third quarter of this year,” said Rob Henderson , President & CEO of Great Panther.
“As a consequence, 2021 consolidated guidance is being reduced by 10,000 ounces to 125,000 to 140,000 gold equivalent ounces.”
The second half of 2021 is expected to account for 60% of this guidance.
Midday Tuesday, Great Panther’s stock was down 5% on the TSE. The company has a C$344 million market capitalization.
