Business
IMPACT Silver Announces Q1 2026 Financial Results with Revenue Nearly Tripling to $31.2 Million and Record Net Income of $11.3 Million
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) ("IMPACT" or the "Company") is pleased to report financial and operating results for the first quarter ended March 31, 2026.Revenue increased to $31.2 million, nearly three times $10.7 million in Q1 2025, driven by higher silver prices, higher grades, and increased mill throughput at the Zacualpan Silver Operation. Gross profit grew almost ten-fold to $20.3 million, from $2.2 million in.
About this update from Impact Silver Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) ("IMPACT" or the "Company") is pleased to report financial and operating results for the first quarter ended March 31, 2026.","length":259,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue increased to $31.2 million, nearly three times $10.7 million in Q1 2025, driven by higher silver prices, higher grades, and increased mill throughput at the Zacualpan Silver Operation.","length":192,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit grew almost ten-fold to $20.3 million, from $2.2 million in Q1 2025.","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income for the quarter was $11.3 million, or $0.03 per share, marking a return to profitability following a net loss of $0.1 million in Q1 2025.","length":148,"tagName":"p"}]},{"val":[{"type":"text","content":"At quarter-end, IMPACT held $45.3 million in cash, $4.0 million in guaranteed investment certificates ("GICs"), working capital of $48.0 million, and carried no long-term debt.","length":186,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":607,"olType":false},{"type":"text","content":"Fred Davidson, President & CEO of IMPACT, stated, "This is the kind of quarter we have been working toward for a long time. Revenue nearly tripled, gross profit grew almost tenfold, and we delivered our strongest quarterly net income in the history of the Company — all while continuing to invest in development and exploration. The silver price environment is clearly part of the story, but the bigger story is what is happening on the ground at Zacualpan: higher grades, higher throughput, and the meaningful contribution from our newly developed Kena Vein. At Plomosas, we reduced expenditures by making the disciplined decision to temporarily suspend underground mining while we work toward a more efficient and sustainable operating plan, and we are in advanced-stage discussions on toll-milling arrangements with nearby third-party operators that we believe can generate cash flow during the suspension. IMPACT is in the strongest financial position in its history, with the resources to optimize Zacualpan, advance Plomosas, and pursue new opportunities in Mexico."","length"...