IMPACT Silver Reports Q2 2026 Results: Revenue Increased by 124%, Gross Profit up 756% on Silver Leverage, Higher Grades
IMPACT reported a year-over-year increase in Q2 production, though sequential grade declines and persistent drag from the Plomosas deposit impacted margins.
IMPACT Silver Corp. (IPT) reported second-quarter 2026 revenue of CAD 22.0 million, a 124% increase from CAD 9.8 million in the same period of 2025. Gross profit for the quarter rose to CAD 8.7 million, compared to CAD 1.0 million in Q2 2025. The company posted a net income of CAD 2.8 million, or CAD 0.01 per share, reversing a net loss of CAD 2.0 million, or CAD (0.01) per share, recorded in the prior-year quarter.
For the first half of 2026, revenue totaled CAD 53.1 million with a net income of CAD 14.1 million, contrasting with a net loss of CAD 2.1 million in the corresponding period of 2025. As of June 30, 2026, IMPACT Silver held CAD 52.2 million in cash, maintaining a working capital position of CAD 52.2 million and carrying no long-term debt.
Operational results varied by site. The Zacualpan mine generated CAD 18.5 million in revenue and CAD 10.8 million in gross profit, while the Plomosas mine produced CAD 3.4 million in revenue but recorded a gross loss of CAD 2.0 million. Additionally, 4.0 million warrants were exercised for CAD 1.4 million during the quarter.
IMPACT Silver Corp. (IPT) reported a quarterly earnings release showing a headline year-over-year improvement driven by higher silver prices and increased grades at Zacualpan. However, the company experienced a sequential stepdown from Q1 2026. Revenue fell from CAD 31.2 million to CAD 22.0 million, gross profit declined from CAD 20.3 million to CAD 8.7 million, and net income dropped from CAD 11.3 million to CAD 2.8 million. Consequently, Q2 2026 net income was 75% lower than Q1 2026 net income.
The Plomosas operation generated a wider gross loss despite a temporary mining suspension, indicating that the wind-down continues to incur cash costs. The company maintains a strong balance sheet with no debt, which reduces the risk of a financially damaging event. Prior to this print, the market had already de-rated the stock from its May 2026 high of CAD 0.39 to CAD 0.30.
IMPACT Silver Corp. (IPT) owns the Royal Mines of Zacualpan, a silver-gold-lead-zinc complex in Guerrero, Mexico, which features a 500 tpd Guadalupe processing plant. The company also holds Capire, a 200 tpd pilot plant project currently on care and maintenance, with a restart under evaluation. Additionally, IMPACT Silver Corp. owns Plomosas, a high-grade zinc-lead-silver project in Chihuahua, Mexico, where underground mining has been temporarily suspended since March 2026. According to its corporate profile, the company has produced approximately 14 million ounces of silver over the past 20 years.