Great Panther Silver Limited (Great Panther) is a silver mining and exploration company. The Company is engaged in mining of precious metals through its two wholly owned operating mines in Mexico: the Topia Mine and the Guanajuato Mine Complex (GMC). The Company also has two exploration projects in Mexico, El Horcon, which is located 100 kilometers by road northwest of Guanajuato and Santa Ros, which is located approximately 15 kilometers northeast of Guanajuato. 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 of the Company. Metalicos de Durango, S.A. de C.V. and Minera de Villa Seca, S.A. de C.V., the two subsidiaries of the Company, are responsible for the day-to-day affairs and operations of the Topia Mine and the GMC. The Company's wholly owned subsidiary Cangold Limited holds an option agreement on Guadalupe de los Reyes Project in Mexico.