IMPACT Silver Announces Q2 2025 Financial Results with 27% Increase in Revenue
Executive Summary
- IMPACT Silver reports Q2 2025 revenue of $9.8 M (↑27% YoY) and operating income before amortization & depletion of $1.6 M, a turnaround from a $0.2 M loss in Q2 2024.
- The company closed a $5.2 M private placement financing during the quarter, boosting cash to $10.3 M with no long‑term debt.
- Production at both Zacualpan/Guadalupe and Plomosas increased markedly year‑over‑year, delivering higher silver, lead, zinc, and gold outputs while maintaining or improving cost metrics.
Key Details
- Financial Highlights
- Revenue Q2 2025: $9.8 M (vs. $7.7 M in Q2 2024).
- Operating income before amortization & depletion: $1.6 M (vs. loss of $0.2 M YoY).
- Net loss for the quarter: $2.0 M, including $0.5 M deferred taxes, $1.1 M exploration expense, $0.6 M amortization & depletion.
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Cash at quarter‑end: $10.3 M; Working capital: $13.3 M; No long‑term debt.
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Financing Activity
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Closed a $5.2 M private placement, with participation from Trafigura Pte Ltd.
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Accounting Policy Change
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2024 revision to exploration accounting caused $1.1 M of exploration costs to be expensed in Q2 2025 that would previously have been capitalized.
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Zacualpan Silver‑Lead Operation (YTD 2025)
- Mill feed: 69,185 t (↑4% YoY).
- Silver production: 295,131 oz (↑2%).
- Lead production: +15% YoY.
- Gold production: 237 oz (↑58%).
- Average silver grade: 158 g/t (‑2% YoY).
- Revenue per tonne sold: $209.84 (↑38%).
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Direct cost per tonne: $138.69 (‑2%).
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Plomosas Zinc‑Lead‑Silver Operation (YTD 2025)
- Mill feed: 27,747 t (↑116% YoY).
- Average grades: 8.4 % Zn, 4.6 % Pb, 30.0 g/t Ag.
- Sales YTD: 1,744 t lead (+108%), 397 t zinc (+114%), 17,663 oz Ag (+49%).
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Direct cost per tonne: $230.14/t (↓44% YoY).
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Operational Challenges & Outlook
- Extreme weather caused temporary power outages and haul‑road washouts at Zacualpan; throughput has recovered.
- Unfavourable ground conditions at Plomosas required development of lower‑grade stopes in Q2, but new development is expected to access higher‑grade zones, supporting future production growth.
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Management anticipates continued revenue and grade improvements through 2025‑2026, leveraging stronger commodity prices, moderated cost inflation, and a strong balance sheet.
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Conference Call
- Recording available on 2025‑08‑26 at www.impactsilver.com/s/ConferenceCalls.asp.
Notable Quotes
“Our ongoing ramp‑up at Plomosas, combined with strong commodity prices, has positioned the Company to deliver improved revenue in the second quarter and beyond.” – Fred Davidson, President & CEO
All amounts are in Canadian dollars unless otherwise noted.