Impact Silver Corp. announces its financial and operating results for Q3 2020, period ending September 30, 2020. The Company reported $4.8 million in revenues for Q3 2020 compared to 2019 at $3.5 million due to improved metal prices and ongoing operational efficiencies. Most notably, the Company delivered strong net income of $0.9 million, and EBITDA of $1.4 million, representing a 28% EBITDA margin. This is a stark [...]
Impact Silver Corp. is pleased to announce the commencement of a 900 meter trenching program on the Manto America gold target area of the Royal Mines of Zacualpan District, Mexico. IMPACT operates producing silver mines in the district but the centre of the district is marked by gold mineralization which includes the bulk tonnage Manto America target. The Manto America area hosts the strongest gold-in-soil geochemical [...]
Impact Silver Corp. announces that it has executed an arm's length Letter of Intent to option the Nuevo Taxco Project to Red Oak Mining Corp. under which Red Oak will undertake exploration of a portion of IMPACT's very large land position in Mexico. CEO and President of IMPACT Silver, Fred Davidson, comments, "While IMPACT exploration focuses on near-term increases to mine area tonnage and brownfield opportunities [...]
Impact Silver Corp. is pleased to announces its financial and operating results for the year ended June 30, 2020. The Company reported $2.84 million in revenue for the first quarter of 2020 compared to Q2 2019 at $2.76 million with improved grades and higher silver prices realized during the quarter. This is impressive considering half the quarter was formally shut down due to the official Mexican decree to suspend [...]
Impact Silver Corp. is pleased to announce that it has closed the brokered financing previously announced on July 30th, and upsized on August 7th, 2020 . Red Cloud Securities Inc. acted as lead agent and sole bookrunner, on behalf of a syndicate, including Canaccord Genuity Corp. and Mackie Research Capital Corporation . The Company received an aggregate proceeds of C$9,546,641 from the issuance of 10,049,096 units of the [...]
https://www.youtube.com/watch?v=A7BNLW6rMuQ The C-Suite At the Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest C-Suite At The Open videos visit https://www.tmxmoney.com/en/csuite.html. About IMPACT Silver Corp. [...]
Impact Silver Corp. is pleased to announce that, due to strong investor demand, it has agreed with Red Cloud Securities Inc., as lead agent and sole bookrunner , on behalf of a syndicate, including Canaccord Genuity Corp. and Mackie Research Capital Corporation , in connection with the previously announced best efforts, private placement of units of the Company at a price of C$0.95 per Unit , to increase the size of the [...]
Impact Silver Corp. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., as lead agent and sole bookrunner , on its own behalf and, if applicable, on behalf of a syndicate of agents in connection with a best efforts, private placement of units of the Company at a price of C$0.95 per Unit for gross proceeds of up to C$6,004,000 . Each Unit will be comprised of one common share of the [...]
Impact Silver Corp. is pleased to announce that production at its Royal Mines of Zacualpan Silver District in Mexico has restarted per the Mexican government decree. The Company is pleased to report operation has resumed at the Guadalupe production center and mineral feed is being extracted from the three underground mines, San Ramon, Cuchara, and Guadalupe as well as the open pit, Veta Negra. Management developed its [...]
Impact Silver Corp. announces its financial and operating results for the quarter ended March 31, 2020. The Company reported $3.4 million in revenue for the first quarter of 2020 a 15% improvement compared to Q1 2019 at $3.0 million. EBITDA increased by $0.9 million from the comparative period in 2019 and the net loss was $0.09 million compared to a net loss of $0.9 million in Q1 2019. Mine operating earnings before [...]
Impact Silver Corp. is pleased to announce that it has closed the binding deal non-brokered financing, first announced April 13th, 2020 to a syndicate of investors . The Company received aggregate gross proceeds of $2,000,000 from the issuance of 6,666,667 units of the Company at a price of $0.30 per Unit. Each Unit will comprise one common share in the capital of the Company and one common share purchase warrant . Each [...]
Adjusted Mining Earnings $1.3 Million on $13.3 Million Revenue; Complies with Mexican Government COVID-19 Decree Impact Silver Corp. announces its financial and operating results for the year ended December 31, 2019, and temporary suspension of operations until April 30 to comply with a Mexican government decree for the mining industry in response to the COVID-19 pandemic. 2019 Financial and Production Results The Company [...]