PHP Function to compress image in lossless quality

Efficient php function to compress image quality without any loss in quality and clarity,
function compressImageQuality($source_path, $destination_path , $quality) {
    $info = getimagesize($source_path);
    if ($info['mime'] == 'image/jpeg') {
        $image = imagecreatefromjpeg($source_path);
    }
    elseif ($info['mime'] == 'image/gif') {
        $image = imagecreatefromgif($source_path);
    }
    elseif ($info['mime'] == 'image/png') {
        $image = imagecreatefrompng($source_path);
    }
    else { die('File format not supported'); }

    imagejpeg($image, $destination_path, $quality);
    return $destination_path;
}

This function will read jpg/gif/png image and compress it and save to jpg format. The imagejpeg  function compresses the image and stores as jpeg image.