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How Great Panther Silver’s (GPR.to) (GPL) 2012 production stacks up against company guidance and projections for 2012

This table explains the situation so far an incorporates the 2q12 production numbers out this morning with the 1q12 results. We then compare things against the company’s 2012 full year guidance.

Notes on the columns in the table, from left to right:
  • For the first half of 2012 (1h12), silver production comes to 734,249 ounces, gold to 5,082 ounces and overall silver equivalent (AgEq) is at 1,113,388 ounces
  • We then do a simple 2X multiplication to see what that production for the first six months of would imply over the full year. 
  • Next, we table the GPR.to low end guidance, as seen in the company’s 2011 year-end MD&A, published on March 15th 2012 
  • Then, we table the GPR.to high end guidance, as seen in the company’s 2011 year-end MD&A, published on March 15th 2012.
  • Finally, we take our simple 2X multiple estimate for 2012 and compare it to the low end guidance offered up by the company less than four months ago. What we see is that GPR has missed on tonnage throughputs so far this year, has missed badly on silver production guidance, has beaten its low end guidance for gold by 164 ounces and that the overall AqEq number has also missed significantly.
The choice as to whether you should trust anything that ever comes out of the mouth of CEO Robert Archer, anything written by the biased analysts paid by GPR to promote the company to the general public or anything ever written or published by this serial OPUD company, including the eight paragraphs of outlook for GPR included in this morning’s NR, is up to you, kind reader.

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