- IMPACT Silver Corp. (IPT) reported $4.2 million in revenue in the second quarter of 2021, representing a 50 per cent increase year-over-year
- The company saw strong financial results across the board in Q2, driven by strong production
- IMPACT continues to advance its Veta Negra project, and a 10,000-metre drill program is underway
- IMPACT Silver Corp. is a successful silver-gold explorer-producer
- IMPACT Silver Corp. (IPT) is currently down 6.12 per cent, trading at $0.46 per share
IMPACT Silver Corp. (IPT) reported $4.2 million in revenue in the second quarter of 2021, representing a 50 per cent increase year-over-year.
IMPACT Silver Corp. (IPT) reported $4.2 million in revenue in the second quarter of 2021, representing a 50 per cent increase year-over-year.
The company saw strong financial results across the board in Q2, including an improvement in mine operating earnings from $1.0 million in 2020 to $1.3 million in 2021.
Cash generated by operating activities improved to $1.1 million from $0.2 million in Q2 2020, and EBITDA increased 300 per cent from $0.2 million in Q2 2020 to $0.8 million this quarter.
Fred Davidson, president and CEO of IMPACT Silver, commented on the second-quarter results.
“In Q2 2021 the market realized a more rational price range for silver after the first quarter rush to metal equities from retail investors,” he explained.
“We continue to demonstrate IMPACT’s earnings potential,” he added, “and continue to evaluate brownfield development targets to advance to production.”
The company generated $0.2 million this quarter, a significant improvement over the net loss of $0.2 million in Q2 2020.
The strong results were driven by strong production, with more throughput at the mill and higher silver production this quarter compared to Q2 2020 when operations were temporarily suspended due to COVID-19.
IMPACT continues to advance its Veta Negra project, and a 10,000-metre drill program is underway.
“We continue to push on new greenfield targets with recent drilling successes at Veta Negra and we anticipate further drilling updates soon on other targets,” said Mr. Davidson.
IMPACT Silver Corp. is a successful silver-gold explorer-producer that explores, develops, and processes mineral properties in Mexico.
IMPACT Silver Corp. (IPT) is currently down 6.12 per cent, trading at $0.46 per share as of 1:45 pm ET.
