- IMPACT Silver (ISVLF, Financial) reported record revenue of $31.9 million in FY 2024, marking a 53% increase from FY 2023.
- The company achieved a net income of $1.6 million in Q4 2024, a significant turnaround from a $9.3 million loss in Q4 2023.
- At the end of 2024, IMPACT Silver held $7.1 million in cash, $9.0 million in working capital, and had no long-term debt.
IMPACT Silver Corp. (ISVLF) has announced its financial results for the fiscal year 2024, achieving a record revenue of $31.9 million, reflecting a 53% increase from the previous year's $20.8 million. The momentum was fueled by augmented production at the Plomosas zinc mine and a 24% rise in gold sales at the Zacualpan project. The final quarter of 2024 concluded positively with a net income of $1.6 million, in stark contrast to the $9.3 million loss during the same quarter in 2023.
The company's advancements at the Plomosas mine were noteworthy, with it reaching 75% of its mill capacity by year-end. The company processed 13,633 tonnes of material in Q4 2024, contributing to a total yearly production of 39,169 tonnes. Silver production was recorded at 595,264 ounces for the year, a slight reduction from 637,514 ounces in 2023, partly due to extreme weather disruptions that affected operations in the latter half of 2024.
From a financial standpoint, IMPACT Silver ends 2024 in a robust position with $7.1 million in cash reserves, $9.0 million in working capital, and zero long-term debt obligations. This solid financial foundation supports strategic plans for further exploration and development at both the Zacualpan and Plomosas projects, as the company aims to enhance production efficiency and capitalize on favorable commodity price conditions.
Looking ahead, IMPACT Silver plans to continue its exploration efforts and optimize production processes to maintain its growth trajectory and enhance shareholder value in the coming years. The company's steady progress at the Plomosas mine, supported by strong zinc prices, positions it for continued success as a leading intermediate miner in Mexico.
