# Great Panther Reports Second Quarter 2022 Production Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/great-panther-reports-second-quarter-2022-production-results--0bd05717-953b-4365-adb0-0093ced2ae53 Original source: https://money.tmx.com/en/quote/GPR/news/5924151930153321/great-panther-reports-second-quarter-2022-production-results Publisher: tmx Original announcement: 2022-07-21T11:25:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Great Panther Mining Limited - Ticker: GPR - Exchange: TSX - Region: Americas - Primary commodity: Gold - Secondary commodities: Silver, Lead, Zinc - Document categories: Production, Metallurgy - Extracted: 2026-09-16 03:25:26 UTC Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas summary Great Panther Mining Limited reported mixed production results for Q2 2022, with consolidated gold equivalent ounces increasing 13% quarter-on-quarter but decreasing 27% year-on-year. Gold production at its Tucano mine in Brazil saw an 18% increase quarter-on-quarter but an 18% decrease year-on-year, while silver equivalent production at its Topia mine in Mexico declined both quarter-on-quarter and year-on-year due to lower grades. The company announced the sale of its Mexican assets to focus on the Tucano Gold Mine, where a resource conversion drill program was completed and an updated resource estimate is underway. Reasoning: The company reported mixed Q2 2022 production results with quarter-on-quarter increases in gold equivalent production but year-on-year declines. A strategic divestment of Mexican assets is underway to focus on the Tucano Gold Mine, where a resource update is in progress, signaling future potential. - Positive factor: Consolidated gold equivalent production increased quarter-on-quarter. - Positive factor: Tucano gold production increased quarter-on-quarter. - Positive factor: Strategic decision to divest Mexican assets to focus on the Tucano Gold Mine. - Positive factor: Completion of resource conversion drill program at Tucano and ongoing resource update. - Positive factor: Tucano production "in line with expectations" and "prepared numerous pits for increased production of ore in the second half of the year". - Negative factor: Consolidated gold equivalent production decreased year-on-year. - Negative factor: Tucano gold production decreased year-on-year. - Negative factor: Topia silver equivalent production decreased quarter-on-quarter and year-on-year due to lower grades. - Negative factor: Sale of Mexican assets represents a reduction in the company's asset base, though framed as strategic. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 23 ## Classification and evidence **Production Increase** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Consolidated gold equivalent production increased by 13% quarter-on-quarter. Evidence · table > 13 % Context: Gold eq production \(oz\) **Production Increase** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Tucano gold production increased by 18% quarter-on-quarter. Evidence · table > 18 % Context: Gold production \(oz\) **Production Decrease** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Consolidated gold equivalent production decreased by 27% year-on-year. Evidence · table > -27 % Context: Gold eq production \(oz\) **Production Decrease** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Consolidated gold production decreased by 26% year-on-year. Evidence · table > -26 % Context: Gold production \(oz\) **Production Decrease** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Consolidated silver production decreased by 8% quarter-on-quarter and 52% year-on-year. Evidence · table > -8 % Context: Silver production \(oz\) **Production Decrease** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Tucano gold production decreased by 18% year-on-year. Evidence · table > -18 % Context: Gold production \(oz\) **Production Decrease** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Topia silver equivalent production decreased by 8% quarter-on-quarter and 15% year-on-year. Evidence · table > -8 % Context: Silver eq production \(oz\) **Production Decrease** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Topia silver production decreased by 8% quarter-on-quarter and 21% year-on-year. Evidence · table > -8 % Context: Silver production \(ounces\) **Production Decrease** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Topia gold production decreased by 8% quarter-on-quarter and 19% year-on-year. Evidence · table > -8 % Context: Gold production \(ounces\) **Production Decrease** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Topia lead production decreased by 8% quarter-on-quarter. Evidence · table > -8 % Context: Lead production \(tonnes\) **Production Decrease** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Topia zinc production decreased by 9% quarter-on-quarter. Evidence · table > -9 % Context: Zinc production \(tonnes\) **Strategic Divestment** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company announced an agreement to sell 100% of its Mexican subsidiary Minera Mexicana El Rosario S.A. de C.V., which holds the Topia mine and other projects. Evidence · text > On June 29, 2022 , the Company announced that it has entered into a Share Purchase Agreement \(the "Agreement"\) to sell 100% of the Company's Mexican subsidiary Minera Mexicana El Rosario S.A. de C.V. \("MMR"\), which holds the GMC, the Topia mine, and the El Horcón and Santa Rosa projects, all located in Mexico . **Resource Update** Polarity: neutral Story-specific tag Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The resource conversion drill program for the Urucum North underground project was completed and an updated resource estimate is currently being developed. Evidence · text > During the quarter, the resource conversion drill program for the Urucum North underground project was completed and an updated resource estimate is currently being developed. ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Metallurgical Results (3) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/great-panther-reports-second-quarter-2022-production-results--0bd05717-953b-4365-adb0-0093ced2ae53#fact-metallurgical-facts-6) Tucano · gold #### Identity - Project: Tucano - Commodity: gold - Region: brazil - Reported Region: Brazil - Ticker: GPR #### Recovery - Recovery: 86 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-07-21T00:00:00.000Z Reasoning: Tucano gold recovery decreased slightly both quarter-on-quarter and year-on-year. - Negative factor: Quarter-on-quarter decrease in gold recovery. - Negative factor: Year-on-year decrease in gold recovery. Evidence · table > 86 % Context: Au recovery \(%\) ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/great-panther-reports-second-quarter-2022-production-results--0bd05717-953b-4365-adb0-0093ced2ae53#fact-metallurgical-facts-19) Topia · silver #### Identity - Project: Topia - Commodity: silver - Region: mexico - Reported Region: Mexico - Ticker: GPR #### Recovery - Recovery: 92 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-07-21T00:00:00.000Z Reasoning: Topia silver recovery remained stable quarter-on-quarter but decreased year-on-year. - Negative factor: Year-on-year decrease in silver recovery. Evidence · table > 92 % Context: Ag recovery \(%\) #### Tags used in scoring **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 92% is at or above the exceptional band \(90%\) ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/great-panther-reports-second-quarter-2022-production-results--0bd05717-953b-4365-adb0-0093ced2ae53#fact-metallurgical-facts-20) Topia · gold #### Identity - Project: Topia - Commodity: gold - Region: mexico - Reported Region: Mexico - Ticker: GPR #### Recovery - Recovery: 64 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-07-21T00:00:00.000Z Reasoning: Topia gold recovery remained stable quarter-on-quarter and increased year-on-year. - Positive factor: Year-on-year increase in gold recovery. Evidence · table > 64 % Context: Au recovery \(%\) #### Tags used in scoring **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 64% is below the weak band \(80%\) ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.