IMPACT Silver Reports Dip in Revenues for Q1

IMPACT Silver Corp. (TSXV:IPT) announced their results from Q1 2013.

As quoted in the press release:

First Quarter 2013 Financial and Production Summary:

Losses before taxes for the three months ended March 31, 2013, were $0.3 million compared to earnings before taxes of $0.2 million for the same period of 2012.
Revenues for the first quarter of 2013 were $4.2 million, a decrease from $4.5 million in the first quarter of 2012.
Mine operating earnings for the first quarter of 2013 were $1.1 million, a decrease from $1.6 million in the first quarter of 2012 but an increase from $0.5 million in the fourth quarter of 2012.
Cash flows from operations before changes in non-cash working capital for the first quarter of 2013 were $0.8 million, an increase from $0.7 million in the same period for 2012.

IMPACT’s President and CEO, Fred Davidson, said:

Silver production is expected to increase quarter over quarter as we progress through 2013, and with both of the new mines now in initial production, we are able to focus on our next catalyst for growth, Zacualpan’s Mirasol Prospect, which has shown promising exploration results and may be the next mine project.

To view the whole press release, click here.