The objectives of this drill program were to test the continuity of the mineralized structures and associated gold-silver mineralization with fill-in holes, and to expand the mineralized zones with select step-outs. The remainder of 2015 was spent interpreting and 3D-modelling the results of the 2015 drill program,Uggs tiere in conjunction with the historic drilling results, for use in a ‚high-level‘ economic evaluation. Based on the results of the economic evaluation the Company terminated the option agreement for the GDLR Project on February 24, 2016.During the year, the Company fully secured mineral property titles for all of its 7,909 hectares related to the El Horcón Project.
Three of the Company’s mineral property title claims were previously cancelled due to an administrative oversight on the part of the government agency which manages mineral property titles in Mexico. All titles have been restored. No drilling was conducted at the El Horcón Project during 2015.Uggs tiere Great Panther announced in May 2015 that it had entered into a two-year option agreement with two wholly-owned subsidiaries of Nyrstar N.V. (“Nyrstar”) whereby the Company can acquire 100% of the shares of Nyrstar Coricancha S.A. which holds a 100% interest in the Coricancha Mine Complex, 90km east of Lima, Peru.
Overall metal production for 2014 was 3,187,832 Ag eq oz, which represented an increase of 12% over the prior year.Uggs tiere This was attributable to increases in throughput at both sites, primarily at the GMC due to the commissioning of San Ignacio in June of 2014. The increased throughput more than offset the impact of lower silver grades realized at Topia and lower gold grades realized at the GMC during the same period. As a result of the improved production, cash cost decreased by 5% to US$12.78 compared to 2013.