There is speculation arising of a possible merger between Endeavour Silver (EXK) and Great Panther Silver (GPR). An interesting proposition considering Great Panther Silver's recent trouble in Q2 and Q3 2011. Both silver miners have greatly benefited from the surge in silver's market price coupled with an aggressive growth profile and strategy.
The speculation centers on the synergies which would benefit both companies at Guanajuato. Great Panther was the first to the city and other miners, including Endeavour, quickly followed suite. Great Panther's trouble in Q2 and Q3 have dealt with refinery troubles and a 33% drop in grades. Quite the opposite story at Endeavour who has recently detailed rich veins ripe for mining. Endeavour's expansion in the region is restricted in part by the efficiency of it's laboratory and production capacities. Something Great Panther could help Endeavour out with tremendously.
“Great Panther is doing a four-day turnaround on samples and Endeavour four weeks,” says Bob Moriarty of 321gold.com."
The speculation has ramped up even further with Robert Archer, CEO of Great Panther, photographed with Brad Cooke, CEO of Endeavour, having lunch together.
See the full story as detailed by StockHouse.com at the link here.
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