Day: November 14, 2011

Silvermex Resources Increases Production and Revenues in Third Quarter of 2011

VANCOUVER, BRITISH COLUMBIA, Nov 14, 2011 (MARKETWIRE via COMTEX) — Silvermex Resources Inc. (“Silvermex”) reported today its unaudited financial results for the quarter ended September 30, 2011. The La Guitarra Mine, located in the Temascaltepec mining district of Mexico, has achieved the maximum capacity of its current mill design. Having achieved its objective for 2011 of reaching full mill capacity, the Company will now focus on conducting advanced exploration programs with the objective of expanding production.

Great Panther Silver Reports Revenues Increaseby 46% to $16.3 Million, Earnings from Mining Operations Increase by 78% to $8.3 Million in Third Quarter of 2011

Great Panther Silver Limited announces the financial results for the three and nine months ended September 30, 2011. Great Panther is pleased to report revenues for the nine months ended September 30, 2011 of $40.3 million, representing a 42% increase over the same period in the prior year. The Company also significantly grew earnings from mining operations to $20.9 million for the nine month period, a 97% increase over the comparable period in 2010. Revenues for the three months ended September 30, 2011 increased by 46% to a record $16.3 million, while earnings from mining operations increased by 78% to $8.3 million. Working capital increased to $53.8 million from $18.8 million at December 31, 2010. The full version of the financial statements and management’s discussion and analysis can be viewed on the Company’s website at www.greatpanther.com or on SEDAR at www.sedar.com.

All News