# Great Panther Reports Second Quarter 2022 Financial Results Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/great-panther-reports-second-quarter-2022-financial-results--a8bb5b19-5424-45e1-98b7-1baed8f95837 Original source: https://money.tmx.com/en/quote/GPR/news/6312687277543453/great-panther-reports-second-quarter-2022-financial-results Publisher: tmx Original announcement: 2022-08-04T02:16:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Great Panther Mining Limited - Ticker: GPR - Exchange: TSX - Region: Brazil - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Production, Capital raise, Resource update - Extracted: 2026-08-23 15:14:08 UTC Narrative sentiment: -0.30 · Bearish ## Minestarters Atlas summary Great Panther Mining reported a net loss of $12.1 million in Q2 2022, an increase from the prior year, with gold production and head grade declining. All-in-sustaining costs \(AISC\) significantly increased, and cost guidance for the year was revised upwards due to inflationary pressures and capital expenditures. The company also announced the sale of its Mexican assets and stated a need for further equity or debt financing to meet its long-term objectives. Reasoning: The company reported a significant increase in net loss and AISC, coupled with a decrease in gold production and head grade, leading to negative working capital and a stated need for further financing. While Q2 cash costs improved and production guidance was maintained, the revised cost guidance reflects ongoing inflationary pressures and capital expenditure requirements. - Positive factor: Q2 cash costs per gold oz sold decreased year-over-year - Positive factor: cash flows from operating activities increased year-over-year - Positive factor: average realized gold price increased - Positive factor: production guidance maintained - Positive factor: strategic sale of Mexican assets - Positive factor: updated MRE for Tucano - Negative factor: gold production, head grade, and gold sales decreased year-over-year - Negative factor: AISC per gold oz sold increased significantly year-over-year - Negative factor: net loss increased - Negative factor: negative net working capital - Negative factor: cost guidance \(cash costs and AISC\) revised upwards - Negative factor: explicit need for further equity/debt financing Facts used in scoring: 33 ## Classification and evidence **Production Decline** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Gold production decreased from 20,696 oz in Q2 2021 to 16,629 oz in Q2 2022. Evidence · table > 16,629 Context: Gold oz produced **Cost Increase** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: AISC per gold oz sold increased from $2,383 in Q2 2021 to $3,299 in Q2 2022, and cost guidance was revised upwards. Evidence · table > 3,299 Context: AISC per gold oz sold **Net Loss** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company reported a net loss of $12.1 million in Q2 2022, an increase from $8.7 million in Q2 2021. Evidence · table > \(12,052\) Context: Net loss **Negative Working Capital** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Net working capital was negative $39.7 million at the end of the period. Evidence · table > \(39,726\) Context: Net working capital at end of period **Financing Required** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company explicitly stated it will require further equity and/or debt financing to meet its objectives and obligations. Evidence · text > The Company has determined that it will require further financing to meet long-term objectives, improve working capital, fund planned capital investments and exploration programs for its operating mines, and meet scheduled debt repayment obligations and will be considering additional equity financing \(including through use of the ATM facility\) and/or debt financing. **Strategic Asset Sale** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: Agreement to sell Mexican assets \(Minera Mexicana El Rosario S.A. de C.V.\) to focus on Brazilian gold operations. Evidence · text > On June 29, 2022, Great Panther announced an agreement to sell 100% of the Company's Mexican subsidiary Minera Mexicana El Rosario S.A. de C.V. \("MMR"\) **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: Reported updated mineral reserve and mineral estimate for Tucano that demonstrated replacement of 2021 mining depletion and an increase of 1.5 years to the open pit mine life. Evidence · text > Reported updated mineral reserve and mineral estimate for Tucano that demonstrated replacement of 2021 mining depletion and an increase of 1.5 years to the open pit mine life **Exploration Drilling** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: Completed a resource conversion drill program for the Urucum North \("URN"\) underground project. Evidence · text > Completed a resource conversion drill program for the Urucum North \("URN"\) underground project **Guidance Revised** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: Cost guidance for cash costs and AISC was revised upwards due to inflationary pressures and capital expenditures. Evidence · text > Due to a combination of inflationary pressures and accelerated capital spending specifically on the Tucano tailings facility, the Company has determined that Tucano cost guidance for the year must be adjusted. ## Extracted facts Stored fact records: 0. Some facts used in scoring do not have a stored record. No stored fact records are available for this extraction. ## 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.