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IMPACT Silver Announces Record Revenues & Silver Production in First Quarter 2011
May 30, 2011 (TheNewswire.ca) -- IMPACT Silver Corp. ("the Company" or "IMPACT") is pleased ...
About this update from Impact Silver Corp.
[{"type":"text","content":"\nIMPACT Silver Announces Record Revenues & Silver Production in First Quarter 2011\n\n May 30, 2011 (TheNewswire.ca) -- IMPACT Silver Corp. (\"the Company\" or \"IMPACT\") is pleased to announce the results for the first quarter ending March 31, 2011.FIRST QUARTER 2011 HIGHLIGHTS-Revenues for the quarter reached a new company record of $7.3 million, up 96% from $3.7 million in the first quarter of 2010.-Silver production for the quarter reached a new company record of 260,970 oz., up 50% from 173,877 oz. in the first quarter of 2010.-Mine throughput for the quarter was near full capacity at 419 tpd (\"tonnes-per-day\"), up from 323 tpd in first quarter 2010, and up from 365 tpd in the prior quarter.-Mine operating earnings for the quarter reached $4.6 million, up 205% from $1.5 million in first quarter 2010.-Net earnings for the quarter reached $2.5 million, up 292% from $0.6 million in first quarter 2010.-Silver sales for the quarter reached 256,436 oz., up 18% from 216,966 oz. in first quarter 2010.-Cash flow from operations was $2.7 million, up 733% from the first quarter of 2010.-Cash and cash equivalents stand at $20.0 million with working capital at $21.9 million, and no long term debt.PRODUCTION\n\n---------------------------------------------------------------------\n|Three months ended |Mar 31 2011|Mar 31 2010|Dec 31 2010 |\n|-------------------------------------------------------------------|\n|Total tonnes (t) produced |37,752 |29,094 |33,603 |\n|-------------------------------------------------------------------|\n|Tonnes produced per day (tpd)|419 |323 |365 |\n|-------------------------------------------------------------------|\n|Revenue per production tonne |$209.16 |$112.13 |$168.39 |\n|sold ($CDN) | | | |\n|-------------------------------------------------------------------|\n|Direct costs per production |$68.71 |$54.98 |$78.26 |\n|tonne ($CDN) | | | |\n|-------------------------------------------------------------------|\n|Silver production (oz) |260,970 |173,877 |      203,259|\n|-------------------------------------------------------------------|\n|Lead production (t) |193 |207 |174 |\n|-------------------------------------------------------------------|\n|Zinc production (t) |370 |272 |363 |\n|-------------------------------------------------------------------|\n|Silver sales (oz) |256,43...