Home Trending Stocks Great Panther Mining Limited (GPL) stock is falling today: What’s Going on?

Great Panther Mining Limited (GPL) stock is falling today: What’s Going on?

Shares of the Great Panther Mining Limited (GPL) stock began to fall after the announcement of the Tucano operational update by Great Panther. GPL stock price saw a downtrend of 13.86% to drop at $0.77 a share at the time of this writing. GPL stock was gaining in the previous trading session and closed with a 5.75% gain. Let’s look at recent events of GPL stock.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What’s Happening?

GPL stock today reported wall movement in the west wall of the south-central portion of GPL’swholly owned mining operation Urucum Central South (“UCS”) open pit, at TucanoBrazil due to heavy rainfall. Due to triggered higher phreatic levels in the west wall caused by heavy rainfall, the slope stability is impacted. In response to this condition, GPL stock temporarily halted mining activities at UCS  for the safety of workers. Urucum North open pit and stockpiles will continue to supply ore to the mill.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

According to the management, the mining operations will start again in the third quarter of 2021. The new consolidated guidance for 2021 is in the range of 125,000 to 140,000 gold equivalent ounces which means the reduction of 10,000 ounces due to operational halt in UCS.

Great panther is putting effort in order to improve wall stability and to achieve this purpose, Great panther is unloading the additional waste material and improving drainage system from upper benches. These activities are strictly monitored by radar and with strict safety protocols. The team is closely monitoring the water levels and preparations have been made for horizontal drainage holes which are required in the lower portion of the west wall.

First Quarter 2021 Financial Results:

On May 07, 2021, GPL stock did announce first quarter 2021 financial results according to which 9% increased revenue of $52.5 million was recorded for the first quarter of 2021 as compared to the same period of 2020.Net loss reduced to $0.3million in the reported quarter while the same period of the prior year reported a net loss of $40.5 million.EBITDA and adjusted EBITDA for the GPL stock reached $10.3 million and $12.4 million respectively as compared to negative $30.6 million and $6.4 million in the same tenure of the prior year.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion:

GPL stock happened to be red after the announcement of a halt in the mining activities at UCS. Management is optimistic that mining operation will again resume in the third quarter of 2021 but still, this halt would impact the overall growth of GPL stock to some extent.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Related News

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam