IMPACT Silver Announces Full Year 2024 Results With Record Revenue and a Return to Net Profit in Q4
IMPACT Silver (ISVLF) reported strong financial results for FY 2024, achieving record revenue of $31.9 million, a 53% increase from FY 2023's $20.8 million. The company returned to profitability in Q4 2024 with net income of $1.6 million, compared to a $9.3 million loss in Q4 2023. This improvement was driven by increased production at the Plomosas zinc mine and a 24% increase in gold sales at Zacualpan.
Key operational highlights include silver production of 595,264 ounces at Zacualpan and significant progress at Plomosas, which reached 75% of mill capacity by year-end. The company ended 2024 with a strong financial position, holding $7.1 million in cash, $9.0 million in working capital, and no long-term debt.
IMPACT Silver (ISVLF) ha riportato risultati finanziari solidi per l'anno fiscale 2024, raggiungendo un fatturato record di 31,9 milioni di dollari, con un incremento del 53% rispetto ai 20,8 milioni di dollari del 2023. L'azienda 猫 tornata a generare profitti nel quarto trimestre del 2024, con un utile netto di 1,6 milioni di dollari, rispetto a una perdita di 9,3 milioni di dollari nello stesso periodo del 2023. Questo miglioramento 猫 stato guidato dall'aumento della produzione nella miniera di zinco Plomosas e da un incremento del 24% nelle vendite d'oro a Zacualpan.
Tra i principali risultati operativi si evidenziano una produzione di argento pari a 595.264 once a Zacualpan e significativi progressi a Plomosas, che ha raggiunto il 75% della capacit脿 del molino entro la fine dell'anno. L'azienda ha chiuso il 2024 con una solida posizione finanziaria, disponendo di 7,1 milioni di dollari in contanti, 9,0 milioni di dollari in capitale circolante e nessun debito a lungo termine.
IMPACT Silver (ISVLF) report贸 resultados financieros s贸lidos para el a帽o fiscal 2024, alcanzando ingresos r茅cord de 31,9 millones de d贸lares, un aumento del 53% respecto a los 20,8 millones de d贸lares de 2023. La compa帽铆a volvi贸 a la rentabilidad en el cuarto trimestre de 2024 con un ingreso neto de 1,6 millones de d贸lares, en comparaci贸n con una p茅rdida de 9,3 millones de d贸lares en el cuarto trimestre de 2023. Esta mejora fue impulsada por un aumento en la producci贸n de la mina de zinc Plomosas y un incremento del 24% en las ventas de oro en Zacualpan.
Los aspectos operativos clave incluyen una producci贸n de plata de 595,264 onzas en Zacualpan y un progreso significativo en Plomosas, que alcanz贸 el 75% de la capacidad del molino al final del a帽o. La compa帽铆a cerr贸 2024 con una posici贸n financiera s贸lida, con 7,1 millones de d贸lares en efectivo, 9,0 millones de d贸lares en capital de trabajo y sin deuda a largo plazo.
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欤检殧 鞖挫榿 靹标臣搿滊姅 Zacualpan鞐愳劀 595,264 鞓姢鞚� 鞚� 靸濎偘瓿� Plomosas鞐愳劀 鞐半旯岇 鞝滊秳靻� 鞖╇焿鞚� 75%鞐� 霃勲嫭頃� 靸侂嫻頃� 歆勳爠鞚� 韽暔霅╇媹雼�. 須岇偓電� 2024雲勳潉 710毵� 雼煬鞚� 順勱笀, 900毵� 雼煬鞚� 鞖挫爠鞛愲掣, 鞛リ赴 攵�毂� 鞐嗠姅 臧曤牓頃� 鞛 靸來儨搿� 毵堦皭頄堨姷雼堧嫟.
IMPACT Silver (ISVLF) a annonc茅 d'excellents r茅sultats financiers pour l'exercice 2024, atteignant un chiffre d'affaires record de 31,9 millions de dollars, soit une augmentation de 53 % par rapport aux 20,8 millions de dollars de 2023. La soci茅t茅 est redevenue rentable au quatri猫me trimestre 2024 avec un b茅n茅fice net de 1,6 million de dollars, contre une perte de 9,3 millions de dollars au quatri猫me trimestre 2023. Cette am茅lioration a 茅t茅 port茅e par une augmentation de la production 脿 la mine de zinc Plomosas et une hausse de 24 % des ventes d'or 脿 Zacualpan.
Les faits marquants op茅rationnels incluent une production d'argent de 595 264 onces 脿 Zacualpan et des progr猫s significatifs 脿 Plomosas, qui a atteint 75 % de la capacit茅 du moulin 脿 la fin de l'ann茅e. La soci茅t茅 a termin茅 2024 avec une solide position financi猫re, disposant de 7,1 millions de dollars en liquidit茅s, 9,0 millions de dollars en fonds de roulement et aucune dette 脿 long terme.
IMPACT Silver (ISVLF) meldete starke Finanzergebnisse f眉r das Gesch盲ftsjahr 2024 und erzielte einen Rekordumsatz von 31,9 Millionen US-Dollar, was einem Anstieg von 53 % gegen眉ber den 20,8 Millionen US-Dollar im Gesch盲ftsjahr 2023 entspricht. Das Unternehmen kehrte im vierten Quartal 2024 mit einem Nettoeinkommen von 1,6 Millionen US-Dollar in die Gewinnzone zur眉ck, im Vergleich zu einem Verlust von 9,3 Millionen US-Dollar im vierten Quartal 2023. Diese Verbesserung wurde durch eine erh枚hte Produktion in der Zinkmine Plomosas und einen 24%igen Anstieg der Goldverk盲ufe in Zacualpan angetrieben.
Zu den wichtigsten betrieblichen H枚hepunkten z盲hlen eine Silberproduktion von 595.264 Unzen in Zacualpan und erhebliche Fortschritte in Plomosas, das bis Jahresende 75 % der M眉hlenkapazit盲t erreichte. Das Unternehmen beendete 2024 mit einer starken finanziellen Position, hielt 7,1 Millionen US-Dollar in bar, 9,0 Millionen US-Dollar an Betriebskapital und keine langfristigen Schulden.
- Record annual revenue of $31.9 million, up 53% year-over-year
- Return to profitability with $1.6 million net income in Q4 2024
- Strong financial position with $7.1 million cash, $9.0 million working capital, no debt
- Plomosas mine reached 75% of mill capacity by year-end
- 39% improvement in revenue per tonne to $189.34 in Q4 2024
- 4% reduction in direct costs per production tonne in Q4 2024
- 8% decrease in mill throughput at Zacualpan (136,280 tonnes vs 147,444 tonnes)
- Lower silver production year-over-year (595,264 oz vs 637,514 oz)
- Production impacted by extreme weather events in 2H 2024
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the year ended December 31, 2024. The Company is recognized as an intermediate miner with strength across the value chain including production, growth and exploration potential. In 2024, the Company evolved from being a near pure-play on silver with ongoing production across an extensive mining district at its Royal Mines of Zacualpan Silver district in Central Mexico to include now substantial production from the Plomosas high-grade zinc mine in Northern Mexico.
The Company reported record revenue of
In 2024, the Company's ramp up of zinc production at Plomosas from minimal levels at the start of the year to
Fred Davidson, President & CEO of IMPACT, stated, "2024 was a year of transition for the Company, having culminated in improved financial results after years of integrating and rehabilitating the Plomosas mine, which is now approaching full capacity. IMPACT is now firmly established as a proven silver, zinc and lead producer and a leading intermediate miner in Mexico. Strong commodity prices driven by geopolitical events and evolving monetary policy have improved economics for the industry and are evident in our Q4 2024 results which markedly improved as the year came to close. In 2025, we will focus on improving production, grade, and building on our substantial efficiencies achieved over the last 12 months."
2024 PRODUCTION OVERVIEW - ZACUALPAN PROJECT (SILVER-LEAD-ZINC)
2024 full year silver production was 595,264 ounces (2023 - 637,514 ounces).
Silver sales of 592,844 ounces in 2024 compared to 636,655 ounces in 2023.
Gold sales increased to 135 oz in Q4 2024 from 109 oz in Q4 2023.
Average mill feed grade was 161 grams per tonne (g/t) silver for 2024, which was similar to 160 g/t silver in 2023.
Throughput at the mill was 136,280 tonnes in 2024, down
8% from 147,444 tonnes in 2023.
Production and associated volume sales were down year over year due to extreme weather events impacting production in 2H 2024. These issues have been repaired, and production has ramped up since. Notwithstanding, strong commodity prices resulted in revenue per tonne sold improving by
Following several years of cost inflation, direct costs per production tonne have stabilized, having decreased by
PLOMOSAS PROJECT (ZINC-SILVER)
Following the acquisition of the Plomosas high grade zinc-lead-silver mine in April 2023, the Company embarked on an aggressive rehabilitation program to bring the mine back online The Company resumed limited test production at Plomosas in October 2023, and after nearly 18 months of rehabilitating mobile equipment, plant facilities, infrastructure, and the underground mine, production has significantly expanded. By the end of the year, production reached approximately
In Q4 2024, the Plomosas Mine continued its gradual ramp-up, processing 13,633 tonnes, up from 3,594 tonnes in Q1 2024. Total production for 2024 reached 39,169 tonnes. The average grades for 2024 were
Historical mining made Plomosas one of the highest grading zinc-silver mines with approximately 2.5MT mined since 1943 grading 15
GOING FORWARD
The Company intends to continue allocating resources toward exploration and development at both of its mining sites. At the Zacualpan project, management is focused on improving grades as the Kena discovery continues to expand (see news release from February 11, 2025). Efforts are also underway to further optimize silver and gold production considering improved commodity prices. Additionally, the Company is evaluating various strategic options for the Capire open-pit silver mine to capitalize on strong silver market conditions.
At the Plomosas mine, management anticipates that 2025 will be a year of optimal production, supported by substantial exploration activity across the largely unexplored property. Strong zinc prices, coupled with operational efficiencies at the processing level, have enabled Plomosas to achieve key financial and operational milestones-progress that the Company aims to build upon.
Following several years of cost inflation and unfavorable foreign currency impacts, the Company believes that most cost pressures are now under control. This provides a foundation for renewed focus on delivering shareholder value through improved grades, increased production, and continued exploration success.
A recorded conference call reviewing the financial and production results of the year ended December 31, 2024 will be available on the Company website on May 7th, 2025 at .
The information in this news release should be read in conjunction with the Company's audited condensed consolidated Financial Statements and Management's Discussion and Analysis, available on the Company website at and on SEDAR at . All amounts are stated in Canadian dollars unless otherwise specified.
ABOUT IMPACT SILVER
IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.
- Royal Mines of Zacualpan Silver-Gold District: IMPACT owns
100% of the 211 km2 Zacualpan project in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million ozs silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13 million ounces of silver, generating revenue of more than$284 million , with no long-term debt.
- Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is ramping up production toward design capacity levels. Exploration potential at Plomosas is exceptional along the 6 km-long structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., a Director and VP Exploration of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
Additional information about IMPACT and its operations can be found on the Company website at . Follow us on X @IMPACT_Silver and LinkedIn at
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or [email protected]
(778) 867-7909 Direct
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, criminal activity, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement except as required by law.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone (604) 664-7707
________________________
1 Reference: Alexandri, A. Gonzalez, H., & Salas, H. (2022). Plomosas Project (CZL), Field Visit Report. IMPACT Silver Corp. private report on field visits and compilation of historic and recent data, 56 pages.
2 Plomosas mineral resources were reported by Consolidated Zinc Ltd. (CZL: ASX) on their website () under the Australian JORC (2012) Code as mineral resources "depleted as at December 2021". IMPACT's Qualified Person has reviewed but not verified in detail these reported mineral resources and is only reporting them as material mineral resources reported by CZL and available in the public record. IMPACT believes the estimates are relevant and reliable, given they are reported to Australian JORC standards; however, IMPACT's Qualified Person has not done sufficient work to classify them as current Canadian NI 43-101 mineral resources.
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