Business
IMPACT Silver Announces Record Revenues, Earnings and Production for the Year Ended 2011
(via Thenewswire.ca) IMPACT Silver Corp. ("IMPACT or "the Company") is pleased to announce ...
About this update from Impact Silver Corp.
[{"type":"text","content":"\nIMPACT Silver Announces Record Revenues, Earnings and Production for the Year Ended 2011\n\n(via Thenewswire.ca)\n\n \nIMPACT Silver Corp. (\"IMPACT or \"the Company\") is\npleased to announce record financial and production results for the\nyear ended December 31, 2011.\n\n\n \n2011Highlights \n\n-Record revenues of $24.3 million, up 46% from $16.7 million in 2010.\n\n\n \n-Record net earnings of $7.6 million, up 121% from $3.4 million in\n2010, and basic earnings per share up 71% to $0.12, compared to $0.07\nin 2010.\n\n\n \n-Record mine operating earnings of $12.9 million, up 73% from $7.4\nmillion in 2010.\n\n\n \n-Record cash flow from operations before changes in non-cash working\ncapital of $10.2 million, up 89% from $5.4 million in 2010.\n\n\n \n-Cash balance of $30.8 million, up 65% from $18.7 million in 2010.\n\n\n \n-Record silver production of 833,607 ounces, up 11% from 750,259\nounces in 2010.\n\n\n \n-Throughput for the mill averaged 424 tonnes per day\n(\"tpd\"), up 18% from 360 tpd in 2010.\n\n\n \n2011 Production Highlights\n\n\n \n\n ------------------------------------------------------------\n |  |2011 |2010 |% Change|\n |----------------------------------------------------------|\n |Total tonnes (t) produced |154,289|131,348|+17% |\n |----------------------------------------------------------|\n |Tonnes produced per day |424 |360 |+18% |\n |----------------------------------------------------------|\n |Silver production (oz) |833,607|750,259|+11% |\n |----------------------------------------------------------|\n |Lead production (t) |731 |734 |-0.4% |\n |----------------------------------------------------------|\n |Zinc production (t) |1,248 |1,212 |+3% |\n |----------------------------------------------------------|\n |Gold production (oz) |676 |600 |+13% |\n |----------------------------------------------------------|\n |Revenue per production tonne sold|$171.00|123.25 |+39% |\n |----------------------------------------------------------|\n |Direct costs per production tonne|$69.71 |63.29 |+10% |\n ------------------------------------------------------------\n\n\n \nFourth Quarter 2011 Consolidated Highlights\n\n\n \nThe Company generated revenues in the fourth quarter of $4.8 million,\ncompared to $6.8 million in the fourth quarter of 2010. Net earnings\nfor the fourth quarter totaled $0.6 millio...