IMPACT Silver Celebrates Growth and Achievement in 2024
IMPACT Silver Corp (TSXV: IPT) (OTCQB: ISVLF) reported significant achievements in 2024, marked by operational growth and strong financial performance. The Plomosas zinc mine, acquired in Q2/2023, reached 70% of design capacity by Q3 2024, processing 12,686 tonnes. Exploration revealed high-grade results including 16.6% zinc over 2.5 meters.
The Royal Mines of Zacualpan generated Q3 2024 revenue of $6.1 million, up from $4.8 million in Q3 2023. A new discovery at the Kena Vein South showed impressive results of 213 g/t silver over 17.30 meters. Overall Q3 revenue reached $8.6 million, an 81% increase year-over-year, with $6.4 million in cash and no long-term debt.
The company implemented sustainable initiatives, including a Tesla Battery Energy System with solar capabilities. Metal prices supported growth, with silver up 27.4% year-to-date, averaging $29.30 per ounce, and zinc reaching US$3,180 per tonne in October 2024.
IMPACT Silver Corp (TSXV: IPT) (OTCQB: ISVLF) ha riportato risultati significativi nel 2024, caratterizzati da una crescita operativa e una solida performance finanziaria. La miniera di zinco Plomosas, acquisita nel Q2/2023, ha raggiunto il 70% della capacità progettuale entro il Q3 2024, elaborando 12.686 tonnellate. L'esplorazione ha rivelato risultati di alta qualità, inclusi il 16,6% di zinco su 2,5 metri.
Le Miniere Reali di Zacualpan hanno generato ricavi di 6,1 milioni di dollari nel Q3 2024, in aumento rispetto ai 4,8 milioni di dollari nel Q3 2023. Una nuova scoperta nella vena Kena Sud ha mostrato risultati impressionanti di 213 g/t di argento su 17,30 metri. Nel complesso, i ricavi del Q3 hanno raggiunto gli 8,6 milioni di dollari, con un aumento dell'81% rispetto all'anno precedente, e 6,4 milioni di dollari in contante senza debiti a lungo termine.
L'azienda ha attuato iniziative sostenibili, inclusi un Sistema di Energia a Batteria Tesla con capacità solare. I prezzi dei metalli hanno supportato la crescita, con l'argento in aumento del 27,4% da inizio anno, con una media di 29,30 dollari per oncia, e lo zinco che ha raggiunto i 3.180 dollari USA per tonnellata nell'ottobre 2024.
IMPACT Silver Corp (TSXV: IPT) (OTCQB: ISVLF) informó logros significativos en 2024, marcados por un crecimiento operativo y un sólido rendimiento financiero. La mina de zinc Plomosas, adquirida en el Q2/2023, alcanzó el 70% de la capacidad de diseño para el Q3 2024, procesando 12,686 toneladas. La exploración reveló resultados de alta ley, incluyendo 16.6% de zinc en 2.5 metros.
Las Minas Reales de Zacualpan generaron ingresos de $6.1 millones en el Q3 2024, un aumento de $4.8 millones en el Q3 2023. Un nuevo descubrimiento en la veta Kena Sur mostró resultados impresionantes de 213 g/t de plata en 17.30 metros. En general, los ingresos del Q3 alcanzaron $8.6 millones, un aumento del 81% interanual, con $6.4 millones en efectivo y sin deuda a largo plazo.
La empresa implementó iniciativas sostenibles, incluyendo un Sistema de Energía de Batería Tesla con capacidades solares. Los precios de los metales apoyaron el crecimiento, con la plata aumentando un 27.4% en lo que va del año, promediando $29.30 por onza, y el zinc alcanzando US$3,180 por tonelada en octubre de 2024.
IMPACT Silver Corp (TSXV: IPT) (OTCQB: ISVLF)는 2024년에 운영 성장과 강력한 재무 성과로 특징지어지는 중요한 성과를 보고했습니다. 플로모사스 아연 광산은 2023년 2분기에 인수되어 2024년 3분기까지 설계 용량의 70%에 도달하였으며, 12,686톤을 처리했습니다. 탐사 결과는 2.5미터에서 16.6%의 아연을 포함하여 높은 품질의 결과를 나타냈습니다.
자쿠알판 왕립 광산은 2024년 3분기에 610만 달러의 수익을 창출했으며, 이는 2023년 3분기의 480만 달러에서 증가한 수치입니다. 케나 베인 남쪽에서의 새로운 발견은 17.30미터에서 213 g/t의 은을 기록하여 인상적인 결과를 보여주었습니다. 전반적으로 3분기 수익은 860만 달러에 달했으며, 전년 대비 81% 증가했으며, 640만 달러의 현금과 장기 부채는 없습니다.
회사는 태양광 기능이 포함된 테슬라 배터리 에너지 시스템을 포함한 지속 가능한 이니셔티브를 시행했습니다. 금속 가격은 성장을 지원했으며, 은은 올해 들어 27.4% 상승하여 온스당 평균 29.30달러를 기록했고, 아연은 2024년 10월에 톤당 3,180달러에 도달했습니다.
IMPACT Silver Corp (TSXV: IPT) (OTCQB: ISVLF) a rapporté des réalisations significatives en 2024, marquées par une croissance opérationnelle et de solides performances financières. La mine de zinc Plomosas, acquise au T2/2023, a atteint 70% de sa capacité de conception d'ici le T3 2024, traitant 12,686 tonnes. L'exploration a révélé des résultats de haute qualité, dont 16,6% de zinc sur 2,5 mètres.
Les mines royales de Zacualpan ont généré des revenus de 6,1 millions de dollars au T3 2024, en hausse par rapport à 4,8 millions de dollars au T3 2023. Une nouvelle découverte à la veine Kena Sud a montré des résultats impressionnants de 213 g/t d'argent sur 17,30 mètres. En tout, les revenus du T3 ont atteint 8,6 millions de dollars, soit une augmentation de 81% par rapport à l'année précédente, avec 6,4 millions de dollars en liquidités et aucune dette à long terme.
L'entreprise a mis en œuvre des initiatives durables, y compris un système de batterie Tesla avec des capacités solaires. Les prix des métaux ont soutenu la croissance, avec l'argent en hausse de 27,4% depuis le début de l'année, atteignant en moyenne 29,30 dollars l'once, et le zinc atteignant 3,180 dollars US la tonne en octobre 2024.
IMPACT Silver Corp (TSXV: IPT) (OTCQB: ISVLF) berichtete von bedeutenden Fortschritten im Jahr 2024, die durch operationelles Wachstum und eine starke finanzielle Leistung gekennzeichnet sind. Die Plomosas-Zinkmine, die im Q2/2023 erworben wurde, erreichte bis zum Q3 2024 70% der entfalteten Kapazität und verarbeitete 12.686 Tonnen. Die Erkundung zeigte hochgradige Ergebnisse, einschließlich 16,6% Zink über 2,5 Meter.
Die Königlichen Minen von Zacualpan erzielten im Q3 2024 Einnahmen von 6,1 Millionen USD, ein Anstieg von 4,8 Millionen USD im Q3 2023. Ein neuer Fund an der Kena-Südader zeigte beeindruckende Ergebnisse von 213 g/t Silber über 17,30 Meter. Insgesamt erreichten die Einnahmen im Q3 8,6 Millionen USD, was einem Anstieg von 81% im Jahresvergleich entspricht, wobei 6,4 Millionen USD in bar verfügbar sind und keine langfristigen Schulden bestehen.
Das Unternehmen hat nachhaltige Initiativen umgesetzt, einschließlich eines Tesla-Batterie-Energiesystems mit Solar-funktionalitäten. Die Metallpreise unterstützten das Wachstum, wobei der Silberpreis im laufenden Jahr um 27,4% gestiegen ist und im Durchschnitt 29,30 USD pro Unze beträgt, während Zink im Oktober 2024 3.180 USD pro Tonne erreicht hat.
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Vancouver, British Columbia--(Newsfile Corp. - January 8, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) is pleased to reflect on a year marked by significant operational advancements, robust financial performance, and strategic initiatives that have strengthened the Company's position in the silver and zinc mining industry, establishing itself as a leader in in the intermediate mining sector in Mexico.
Operational Milestones
Plomosas Zinc Mine Ramp-Up: Following a substantial investment and rehabilitation process that began in mid-2023, the Plomosas high-grade zinc mine, acquired in Q2/2023, achieved substantial operational progress in 2024. By the third quarter of 2024, the mine was operating at approximately
70% of its design capacity, processing 12,686 tonnes-a significant increase compared to earlier quarters.Exploration Success at Plomosas: The Company's exploration programs delivered strong results, including high-grade mineralization at the Plomosas Mine. Drilling highlights included
16.6% zinc over 2.5 meters and27.5% zinc over 1.1 meters, bolstering future resource potential across the 6km trend where exploration continues. The balance of the property's exploration potential remains open in all directions.Flagship Royal Mines of Zacualpan Silver District continued to generate revenue: Revenue at Zacualpan was
$6.1 million in Q3 2024, up from$4.8 million in Q3 2023, and production of gold resumed from the Alacran Mine.New Discovery at Zacualpan: A new high-grade silver vein discovery at the legacy Royal Mines of Zacualpan Silver-Gold district revealed significant mineralization in the newly designated Kena Vein South, located within 100-200 meters of active Guadalupe mine workings. Highlights included an impressive 213 g/t silver over 17.30 meters, including an interval of 1,400 g/t silver over 0.75 meters. The Kena Vein South has been drilled over 150 meters strike length and remains open for extension in multiple directions, presenting substantial exploration upside.
Financial Highlights for 2024
Revenue Growth: Revenue showed consistent strength throughout 2024, driven by increased production as the new Plomosas Mine ramped up, enhanced by stronger metal prices. Q3 revenue reached
$8.6 million , an81% increase compared to Q3 2023, while Q2 revenue rose by40% year-over-year to$7.7 million . The Company maintained a strong balance sheet, ending Q3 2024 with$6.4 million in cash, working capital of$7.1 million and no long-term debt.Operating Income: IMPACT Silver achieved positive mine operating earnings in Q3, reaching
$1.03 million , a significant improvement from earlier periods. With elevated metal prices, the Company's operations are expected to continue to benefit.
Strategic Initiatives
Sustainable Energy Integration: Early in the year, the Company contracted a Tesla Battery Energy and System with solar capabilities for the Plomosas mine, advancing its commitment to sustainable and efficient operations. This endeavour is ongoing with meaningful progress anticipated in early 2025.
Strengthened Leadership: The appointment of Janet Meiklejohn to the Board in August brought valuable financial and governance expertise, enhancing strategic oversight.
Market Dynamics
The appreciating prices of silver and zinc in 2024 were pivotal in driving financial performance:
Silver Market: Silver prices exhibited remarkable strength, climbing by
27.4% year-to-date as of December 30, averaging at$29.30 per ounce. This increase reflected strong industrial demand, a supply deficit, and investor interest amid economic uncertainty.Zinc Market: Zinc prices demonstrated strong performance in 2024, reaching a 15-month high of US
$3,180 per tonne in October, driven by growing optimism around industrial demand tied to the global energy transition and advancements in AI-powered technologies. The15% year-over-year increase reflected robust market fundamentals and investor confidence.
Outlook for 2025
As observed in recent cycles, the TSX Venture Index nearing multi-year lows presents a significant opportunity for investors, especially as the commodities we produce reach multi-year highs. This dynamic could lead to a sharp revaluation of high-quality small-cap mining companies.
As we close 2024, IMPACT Silver remains committed to delivering value through operational excellence, focussed exploration, and sustainability initiatives. With a strong foundation and favorable market conditions, the Company is well-positioned for continued growth.
ABOUT IMPACT SILVER
IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) is a successful intermediate mineral producer and explorer with multiple 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$277 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 where only
10% of the 6 km-long structure have seen modern exploration. 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 from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on X @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
O: (604) 681 0172 or inquiries@impactsilver.com
C: (778) 887 6489 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 statements include, but are not limited to, statements regarding interpretation of drill results, activity at the projects and estimated timing thereof, the potential for defining and extending the known mineralization, exploration potential on the properties, and plans for drilling and future operations at the Company's projects or plans for financing.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitation, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, criminal activity, metal prices, political and economic factors, community relations, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, pandemics 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 or beliefs, opinions, projections or other factors, 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 at Zacualpan 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 mineral resources or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
303-543 Granville Street Telephone 604 664-7707
Vancouver, BC, Canada V6C 1X8
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236282
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