GSilver completed the acquisition of the Mexican mining assets of Great Panther for $14m.

GSilver, a firm engaged in the acquisition, exploration and evaluation of mining assets, completed the acquisition of the Mexican mining assets of Great Panther, a precious metals mining and exploration company, for $14m. “This acquisition will prove instantly accretive; the Topia Mine is currently producing and will immediately lift GSilver’s production profile. Within the Guanajuato mining district, the San Ignacio and Valenciana mines were put on care and maintenance less than eight months ago only due to a lack of available tailings facilities; GSilver plans to swiftly re-start production from these mines and process the mineralised material using the excess capacity at our nearby El Cubo production facilities. This acquisition keeps us on course to expeditiously establish GSilver as a mid-tier precious metals producer in Mexico," Ramon Davila, GSilver President and Director.