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Great Panther Silver gets green-light for new Topia tailings facility

Last updated: 17:01 18 Dec 2017 GMT, First published: 12:01 18 Dec 2017 GMT

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The Topia mine is in Mexico

Great Panther Silver Ltd's (TSE:GPR) Topia mine in Mexico received a boost - as the relevant environmental authority had granted all permits for a new tailings storage facility.

SEMARNAT has granted all permits for the construction and operation of the new Phase II tailings storage facility (TSF) at the mine in Durango state.

"We are pleased with the conclusion of the permitting process without interruption of operations at Topia", said James Bannantine, the president and chief executive.

"We will be commencing imminently the construction of Phase II and have sufficient remaining capacity at Phase I to continue mining operations allowing a seamless transition to deposition at Phase II," he added.

Great Panther's has two wholly-owned operating mines in Mexico -  the Guanajuato Mine Complex and the Topia Mine in Durango.

It is also assessing the restart of the Coricancha Mine in Peru, which it acquired earlier this year; and continues to pursue the acquisition of additional mining operations or projects in the Americas.

Shares in  Toronto eased 1.29% to C$1.53.

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