Mediocre Panther (GPL) fesses up
Apparently their cash costs aren't $8/oz after all. A turn toward honest accounting sends the stock down 10% today and more to come. For background, see the inital expose of their flaky accounting and today's update. Be very careful with any of these junior silver companies that are trying to pump their stocks up on the back of the great silver boom. As Mark Twain allegedly said: "“A mine is a hole in the ground with a liar at the top.”
ECU Silver and Gold Resource are two other significant silver producers with dubious accounting to watch out for.