Great Panther Silver Limited is a silver mining and exploration company. The Company’s business is to sell metal concentrate and by-product concentrate. The Company’s activities are focused on the mining of precious metals from its two wholly owned operating mines in Mexico, Guanajuato and Topia. It also has two exploration projects, El Horcon and Santa Rosa. All of the Company’s assets in Mexico are held through Minera Mexicana el Rosario, S.A. de C.V. (MMR), a wholly owned subsidiary. The Company’s subsidiaries include Minera Mexicana el Rosario, S.A. de C.V., Metalicos de Durango, S.A. de C.V., Minera de Villa Seca, S.A. de C.V., and Great Panther Silver Peru S.A.C.