IMPACT Silver Corp Announces Financial and Operating Results for 2012

IMPACT Silver Corp. (TSXV:IPT) announced their financial and production results for 2012.

As quoted in the press release:

2012 Summary

• At the end of 2012, the Capire Mine and Processing Plant, a new integrated Production Centre and catalyst for growth, was nearing completion (initial operations officially began in March 2013).
• Construction of the Cuchara-Oscar Mine was 90% completed by year end 2012 (and is now complete), which is anticipated to raise overall silver production grades at the Guadalupe Processing Plant.
• Strong financial position at year end 2012: Positive cash flow from operations before changes in non-cash working capital of $3.3 million, a strong net working capital balance of $21.4 million, $16.0 million in cash and no long term debt.
• Substantial increase in exploration drilling success by discovering and defining new silver and gold zones.

To view the whole press release, click here.