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Great Panther appoints former Aura Minerals boss Bannantine as CEO

2nd August 2017

By: Samantha Herbst

Creamer Media Deputy Editor

     

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JOHANNESBURG (miningweekly.com) – TSX- and NYSE-listed silver miner and explorer Great Panther Silver has appointed Jim Bannantine president and CEO, following the resignation of Robert Archer, who announced his intention to step down this year in April.

"Jim brings a record of exceptional leadership, growing companies and deep experience in Latin America," stated Great Panther board chairperson Bob Garnett, who added that he was looking forward to working with Bannantine as Great Panther executes its near-term growth strategy to become a midtier producer. 

“The board wishes to thank Bob Archer, co-founder and visionary, for creating Great Panther Silver and look forward to his continuing participation as a member of the board,” said Garnett.

Most recently, Bannantine was president and CEO of TSX-listed copper and gold miner Aura Minerals. Over the recent five-year bear market in the mining industry, he led a restructuring effort to significantly reduce both operating  and administrative costs at the company, while maintaining or increasing production. 

Prior to that, Bannantine served as president and COO of NASDAQ-listed Broadwing Corporation, and held several positions over multiple years at Enron Corp., which culminated in him serving as CEO of Enron South America. 

Bannantine has an MBA degree from the Wharton School of the University of Pennsylvania and a degree in mechanical engineering from West Point military academy.  He is a licensed professional engineer, fluent in Spanish and Portuguese, and served 12 years in the US Army Corps of Engineers.

"I am delighted to have the opportunity to lead Great Panther Silver in its next phase of growth as a producer in the Americas," stated Bannantine. "Great Panther has formed a great team of professionals, has a solid producing asset base and a pipeline of projects with which to grow. It is very well funded and has no long-term debt. I am really looking forward to building on the foundation that the team has built over these past years."

Outgoing president and CEO Archer stated, "I have chosen this as the appropriate time to transition to a new CEO who can take Great Panther to the next level over a five- to seven-year time horizon and I am really pleased to be able to pass the torch to someone of Jim's calibre. 

“This is a testament to the reputation we have built, the quality of our team and assets, the strength of our balance sheet and our growth potential. As an active member of the board and significant shareholder, I look forward to continuing to help Great Panther grow and prosper."

Edited by Creamer Media Reporter

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