VANCOUVER, April 5, 2017 /PRNewswire/ – GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) (“Great Panther”; the “Company”) announces that Robert Archer, President and CEO, has advised that he will be stepping down during 2017 and will work with the board of directors (the “Board”) to find his successor. Accordingly, the Board has retained a globally recognized recruitment firm to conduct an executive search for a new President & CEO who will maximize the Company’s growth opportunities over the next five to seven years. Mr. Archer will remain in his current executive role until a suitable successor has been appointed, and thereafter as an ongoing member of the Board.
Mr. Archer co-founded Great Panther Silver in 2004 and has led the Company’s successful growth into a respected primary silver producer. He has positioned Great Panther with a strong balance sheet, a strong base of operations in Mexico, and significant growth opportunity in Peru. In this regard, the Company is well placed to capitalize on growth opportunities with its existing assets and through acquisitions. “As Great Panther embarks on the next phase of its growth into a mid-tier producer, I believe that this is the right time for the Company to transition to new leadership,” stated Mr. Archer.