This news release constitutes a "designated news release" for
the purposes of the Company's prospectus supplement dated
October 15, 2021, to its short form
base shelf prospectus dated September 10,
2021.
VANCOUVER, BC, Dec. 30, 2021 /PRNewswire/ - Great Panther
Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the
"Company"), a growing gold and silver producer focused on the
Americas, announces that it intends to file a defense to three
Notices of Infraction (the "Notices") that were delivered by the
Amapa State Environmental Agency (the "Agency") to its Brazilian
subsidiary, Mina Tucano Ltda. ("Mina Tucano"), on December 21, 2021. The Notices were issued in
connection with the Agency's investigation of a fish mortality
event at Areia and Silvestre Creeks, and its assertion that the
incident was caused by a leak in a reclaimed water pipe at the Mina
Tucano mine site.
Mina Tucano is actively investigating whether there could be any
connection between the fish mortality event and the Tucano mine
site. Based on its initial investigation, including
independent reports on fish toxicology and water quality received
by Mina Tucano on December 28,
2021, the Company has prepared a formal defense against
the position taken by the Agency. The Notices impose aggregate
fines of 50,000,000 Brazilian reals,
payable by January 30, 2022.
The Company intends to appeal the amount of the fines and timing of
any payment in its defense statements.
ABOUT GREAT PANTHER
Great Panther is a growing gold and silver producer focused on
the Americas. The Company owns a diversified portfolio of assets in
Brazil, Mexico and Peru that includes three operating gold and
silver mines, an advanced development project and a large land
package with district-scale potential. Great Panther is focused on
creating long-term stakeholder value through safe and sustainable
production, reinvesting into exploration and pursuing acquisition
opportunities to complement its existing portfolio. Great Panther
trades on the Toronto Stock Exchange trading under the symbol GPR,
and on the NYSE American under the symbol GPL.
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SOURCE Great Panther Mining Limited