Business
Impact Silver Announces Q1 2025 Financial Results with Near-Doubling of Revenue & Positive EBITDA of $1.0 Million
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - IMPACT Silver Corp. (TSXV: IPT) (...
About this update from Impact Silver Corp.
[{"type":"text","content":"Impact Silver Announces Q1 2025 Financial Results with Near-Doubling of Revenue & Positive EBITDA of $1.0 MillionVancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTC PINK: ISVLF) (FSE: IKL) (\"IMPACT\" or the \"Company\") announces its financial and operating results for the first quarter ended March 31, 2025. The Company is pleased to report revenue of $10.7 million for Q1 2025, double the $5.3 million reported in Q1 2024. This significant increase was driven by the commencement of new production at the Plomosas mine and higher commodity prices. EBITDA for Q1 2025 was $1.0 million, marking a strong recovery from the negative $3.6 million in Q1 2024. Net loss for the quarter was $0.1 million, a notable improvement compared to the net loss of $4.4 million in the same period last year. This reflects a substantial year-over-year improvement, as inflationary pressures on costs eased and commodity prices remained strong, supported by a higher aggregate production volumes. At quarter-end, the Company had $6.6 million in cash and no structured debt.In 2024, the Company has revised its accounting policies for early-stage exploration. This change has been applied retrospectively, resulting in $0.8 million in exploration costs being expensed in Q1 2025 and $1.2 million in Q1 2024. Subsequent to quarter-end, the Company announced an equity financing of up to $5.0 million.Fred Davidson, President & CEO of IMPACT, stated, \"Following several years of mine rehabilitation and aggressive exploration, along with ongoing efforts to manage inflationary cost pressures, I'm pleased to see our first-quarter results reflect the strength of having two high-performing assets operating at, or near full capacity. The team's continued focus on maintaining positive net operating income profitability has now delivered positive results for the second consecutive quarter. With both operations online and production continuing to grow, we expect 2025 to reflect our commitment to delivering value to shareholders in a strong commodity price environment supported by streamlined and efficient operations.\"Q1 2025 ReviewZacualpan Silver-Lead-Zinc OperationIn Q1 2025, the Guadalupe mill processed 35,012 tonnes of mill feed at the Zacualpan/Guadalupe complex, representing a 10% increase from 31,735 tonnes in Q1 2024. T...