July 12, 2010 / 9:15 PM / in 7 years

UPDATE 1-Great Panther Q2 silver production rises

* Q2 silver production up 23 percent

* Sees significant increase in H2 production

July 12 (Reuters) - Canada’s Great Panther Silver Ltd GPR.TO reported higher second quarter production and said new equipment delivered in the first half of the year would lead to a significant increase in output in the latter half of the year.

The Vancouver, British Columbia-based company said combined silver production -- at its Mexican silver mining operations in Topia and Guanajuato -- in the current second quarter totaled 410,583 ounces.

It had produced 333,358 ounces of silver in the prior quarter.

Great Panther Silver also said the impact of the new equipment is expected to enable continuous production improvements throughout the rest of the year.

Shares of the company closed at 73 Canadian cents Monday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Vyas Mohan)

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