- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
IMPACT’s Silver Production Rises 20 Percent from Year-ago Quarter
IMPACT Silver Corp. (TSXV:IPT) announced its unaudited financial and production results for the second quarter and first half of 2013, commenting that its Q2 revenue came to $3.8 million, up 4 percent from the year-ago period. The company’s silver production rose 20 percent from Q2 2012, hitting 185,998 ounces.
IMPACT Silver Corp. (TSXV:IPT) announced its unaudited financial and production results for the second quarter and first half of 2013, commenting that its Q2 revenue came to $3.8 million, up 4 percent from the year-ago period. The company’s silver production rose 20 percent from Q2 2012, hitting 185,998 ounces.
Other results highlights include:
- Mine operating earnings were $0.1 million, compared to $1.3 million in the second quarter of 2012.
- Net loss after taxes amounted to $1.9 million, attributable to an increase in operating costs due to retroactive payments to union workers and higher mining costs as initial production began at the Cuchara-Oscar and Capire Mines.
- Cash flows from operations before changes in non-cash working capital were $(0.2) million and net working capital remained strong at $12.7 million, subsequent to spending $1.4 million on exploration and development of the Company’s properties and $2.2 million on property, plant and equipment.
- Average mill feed grade for silver increased by 12% to 163 grams per tonne (g/t) compared to 145 g/t in the second quarter of 2012.
- Gold production totaled 360 ounces, a 126% increase from 159 ounces in the second quarter of 2012.
- Total tonnes milled during the quarter increased by 6% to 42,086 from 39,813 in the comparable period in 2012.
Click here to read the full IMPACT Silver Corp. (TSXV:IPT) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.