Great Panther Silver Ltd. announces financial results for first quarter 2012 known

Great Panther Silver Ltd. announces financial results for first quarter 2012 known

15.05.2012 Vancouver, British Columbia – Great Panther Silver Limited (TSX: GPR; NYSE: GPL; WKN: A0Y H8Q) (the “Business”) today announced its financial results for the first quarter of the company, on the 31. March 2012 ended, known. The complete issue of financial reports and management discussion and analysis are available on the web site at www.greatpanther.com or on SEDAR at www.sedar.com. All financial information has been prepared in accordance with IFRS, The dollar figures are in Canadian Dollars, unless, it is indicated otherwise.

“The first quarter sales in line with our expectations, moves to the lower production and metal prices, compared with Q1 last year, considered”, said Robert Archer, President and CEO. “For us it was a timing issue with regard to the shipment of concentrates to a new smelter, so that the revenue is recorded in the 2nd quarter of this year. With a new customer, we have contracts for the sale of our concentrates on our 2012 planned production closed.”

Summary of Financial 1. Quarter 2012

Operational highlights of the 1. Quarter 2012

  • Gold production reached 2.729 oz a record, 20% more than in the 4. Quarter 2011 and 18% above the 1. Quarter 2011
  • The metal production increased by 2% on 557.667 oz Silberäquivalent (“oz Ag-AQ”) compared to the 4. Quarter 2011, but decreased by 8% compared to the 1. Quarter 2011.
  • Silver production increased by 1% on 359.526 oz compared to the 4. Quarter 2011, but decreased by 12% compared to the 1. Quarter 2011.
  • The Lead- and zinc production was 202 or. 312 Tons. Which is 212 Tonnes of lead and 327 Tonnes of zinc compared to, in the 4. Quarter 2011 were produced and the 241 Tonnes of lead and 345 Tons of Zinc 1. Quarter 2011.

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The company is maintaining its target for the production of metal 2,50 – 2,75 My. oz Ag-Eq for the fiscal year 2012 fixed, compared with metal production of 2,2 My. oz Ag AQ im Fiskaljahr 2011.

The production of the 1. Quarter of 557.667 oz Ag-Eq showed little growth over the 4th quarter 2011, however, production will continue to grow in the rest of the year. There are a number of positive developments, to support this estimate:

Bei Guanajuato:

  • Ore grades of 213 g / t Ag and 2,30 g / t Au in the first quarter 2012 represent an increase of 21% compared to the average in 2011 give. The degradation of high-grade deep-Cata- and the gold-rich Santa Margarita ore body already has the potential to further increase shown. In 2012 further expansion of production in these areas provided.
  • The metallurgy plant has already reached a record-metal yield and the additional equipment for regrinding in the Cata-system improvements are expected.
  • The plant capacity is more than adequate for any increase in throughput.

Bei Topia:

  • The main reason for the lower production at Topia was measured a 20% decline in ore grades in silver equivalent during the first quarter 2012 compared to first quarter 2011. Although the levels were back in the quarter, But in March, the levels increased to a level significantly above the average in the years 2011. New core developments also contribute to higher levels continued during the year 2012 at.
  • The system was modified and improved productivity, you. a. by additional flotation cells, to allow a better metallurgical performance.
  • The extreme drought in Central Mexico, which led to a shortage of water, had in the last month of the quarter to limit the plant capacity to 160 Tons per day resulted, a reduction of almost 30%. The order processing for third parties was temporarily reduced and excess ore is stored, to be processed later in the year, when the rainy season has begun. Currently, it is expected during the remainder of the year no reduction in capacity.

Production planning and scheduling, cash costs per ounce 2012

Conference call to discuss the financial results for first quarter 2012

The company is on 15. More 2012, at 7:00 Clock Pacific Zeit/10:00 Clock Eastern time, A conference call to discuss the financial results to hold. We conducted the conference call by Mr. Robert Archer, Präsident und Chief Executive Officer, und Herrn Martin Carsky, Executive Vice President und Chief Financial Officer.

Interested shareholders, Analysts, Investors and media representatives are invited, participate through dial-up immediately prior to the live conference.

Dial-in number (toll-free): 1-877-407-9205
Dial-in number (international): +1-201-689-8054
There is no access code required

A replay of the conference is organized by 15. More 2012, 10:00 Clock Pacific Zeit/13:00 Clock Eastern time, to 31. More 2012 choice at the above numbers can be called up. In addition, the award is archived on the company website.

Reproduction number (toll-free): 1-877-660-6853
Reproduction number (international): +1-201-612-7415
Access codes (both are required for the reproduction):
Account-Nummer: 286
Conference number: 377042

INTERNATIONAL FINANCIAL REPORTING STANDARDS

The financial results, which are discussed in this press release, were in accordance with the IFRS standards for the preparation of financial results, like it in all listed companies in Canada years 2011 be required, placed. The reader is cautioned, some comparative figures in this press release and in the financial statements of the company and the management discussion and analysis of (“MD&A”) were re-created, to comply with IFRS. You are on the condensed consolidated interim financial results and the MD&A for the year ended 31. December 2011 referred, order to obtain a detailed description of the accounting policies under IFRS and the disclosure and reconciliation of the impact of IFRS on the previously reported results.

NON-IFRS FINANCIAL HIGHLIGHTS

The discussion of financial results in this news release includes references to adjusted EBITDA and cash costs per ounce, the IFRS numbers are not. The company provides these figures as additional information about the financial results and performance of the company available. Please read the MD&A of the Company for the 3 Monate for 31. March 2012, to get a definition and reconciliation of these figures with those previously reported IFRS results.

Über Great Panther

Great Panther Silver Limited ist ein profitables, primary silver production- and exploration companies, which is listed on the Toronto Stock Exchange under the symbol GPR and on the NYSE under the symbol GPL. The company currently focuses its activities on the mining of precious metals in the two to 100% own mines in Mexico. The company is also a development project – San Ignacio – give ca. 20 Kilometers by road from the Guanajuato-processing plant is located, and an exploration project – Santa Rosa – give ca. 15 kilometers northeast of Guanajuato. In addition, the company is pursuing acquisition opportunities in Latin America, add to the project portfolio more mines. The goal of Great Panther is, through acquisitions, Development and profitable mining of precious metals as a leading primary silver producers to be.

All shareholders can request a hard copy free of charge to receive the full financial results. Should you wish, Great Panther Silver's financial results or the annual report on Form 20-F to obtain a print copy, then please call us free of charge at 1-888-355-1766 or 604-608-1766 on or. send an email to info@greatpanther.com

For more information, please visit the website at www.greatpanther.com or mail to info@greatpanther.com.

For more information, contact:

Great Panther Silver Limited
Rhonda Bennetto
Vice President for Corporate Communications
Tel.: (604) 608 1766
info@greatpanther.com

Martin Carsky
Executive Vice President & CFO
Tel.: (604) 608 1766
www.greatpanther.com

German investors:
Metals & Mining Consult Ltd.
Tel.: 03641 / 597471

Appendix

GREAT PANTHER SILVER LIMITED
INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION-
(in thousands of Canadian dollars)

See Table Original message: http://www.greatpanther.com/English/News/News-Details/2012/Great-Panther-Silver-Reports-First-Quarter-2012-Financial-Results1129472/default.aspx

GREAT PANTHER SILVER LIMITED
INTERIM CONSOLIDATED STATEMENT OF EARNINGS-
(in thousands of Canadian dollars, except per share data)

See Table Original message: http://www.greatpanther.com/English/News/News-Details/2012/Great-Panther-Silver-Reports-First-Quarter-2012-Financial-Results1129472/default.aspx

GREAT PANTHER SILVER LIMITED
CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS
(in thousands of Canadian dollars)

See Table Original message: http://www.greatpanther.com/English/News/News-Details/2012/Great-Panther-Silver-Reports-First-Quarter-2012-Financial-Results1129472/default.aspx

Which filings can be found at:
http://www.irw-press.at/press_html.aspx?messageID=25096

This release contains forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together “forward-looking statements”). Able to such forward-looking statements include the production plans for the Guanajuato and Topia Mines in Mexico, the plans for the exploration of other properties in Mexico, the full economic potential of the property and access to adequate financing include. It also may involve known and unknown risks, Uncertainties and other factors, which may cause, the actual results, Performance and achievements of those in such forward-looking statements expressed or implied to differ significantly. Such factors include, among others, risks and uncertainties relating to potential political risks involving the company's operations in foreign jurisdictions, Uncertainties in the estimates of production costs and the potential for unexpected costs and expenses, physical risks inherent in mining, Currency fluctuations, Fluctuations in the price of silver, Gold and base metals, the completion of economic evaluations, Changes in project parameters for the optimization of the plans, the inability or failure to obtain adequate financing on a timely completion and other risks and uncertainties, including the annual report (Form 20-F) the Company for the year ended 31. December 2011 and in the year ended with the Securities and Exchange Commission at www.sec.gov and comprehensible reports (Form 6-K) and the Canadian Securities Administrators at www.sedar.com filed and available reports of significant changes.

For the contents of the press release alone, the company is responsible. It was neither of the TSX Venture Exchange, under consideration by a third party. The German version can be shortened or summarized. There is no responsibility or liability: for the content, for the accuracy, the adequacy or accuracy of this translation over. From the perspective of the translator, the message does not buy- or sell recommendation is! Please note which filings at www.sedar.com or. www.sec.gov or on the company website!

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