- IMPACT Silver (IPT) experienced significant increases across the board in its financial results year-over-year
- The company reported a 57 per cent increase in revenue, in addition to higher adjusted EBITDA, higher operating earnings, improved net working capital, and lower net loss compared to Q1 2020
- These increases were primarily due to the spike in silver prices seen recently, despite lower silver tonnage and grade processed in the company’s facilities
- IMPACT Silver is a successful silver-gold explorer and producer with two processing plants within its wholly-owned mineral properties in central Mexico.
- IMPACT Silver Corp. (IPT) remains steady, trading at $0.72 per share
IMPACT Silver (IPT) experienced significant increases across the board in its financial results year-over-year.
Despite slightly lower tonnage and grade in 2021, the company generated strong cash flow due to a rise in silver prices.
The company reported a 57 per cent increase in revenue, rising to $5.4 million in the first quarter of 2021. In addition, IMPACT experienced higher adjusted EBITDA, higher operating earnings, improved net working capital, and lower net loss compared to Q1 2020.
Although mill output was slightly lower at 36,413 tonnes compared to 39,537 tonnes milled in 2020, revenue per tonnes sold increased by 46 per cent for the same period in 2021.
“While we cannot plan our business around online fueled rallies and short-term blips, IMPACT continues to be one of the purest silver miners with a 90 per cent plus revenue leverage to silver prices,” said Fred Davidson, president and CEO of IMPACT.
“It is our plan in 2021 that with ongoing production efficiency improvements and exploration plans, we will continue to shape IMPACT into the premier silver exploration and production play for investors,” he added. “Now that cash flow is positive and metal prices relatively stabilized, we aim to explore and unlock further value from our land package in 2021.”
In the first three months of 2021, IMPACT announced the purchase of a surface and an underground drill with plans to drill 10,000 metres on both near mine and other exploration targets.
The company plans to continue its exploration efforts at several of its mining properties.
IMPACT Silver is a successful silver-gold explorer and producer with two processing plants within its wholly-owned mineral properties in central Mexico.
IMPACT Silver Corp. (IPT) remains steady, trading at $0.72 per share as of 12:33 pm ET.
