Q2 2026 Impact Silver Corp Earnings Call (Pre-recorded) Transcript
Key Points
- Revenue surged to $22 million in Q2 2026, a 124% increase year-over-year, with gross profit jumping to $8.7 million from $1 million.
- Silver grades improved significantly, averaging over 200 grams per ton in Q2 and 229 grams per ton year-to-date, up from 158 grams per ton.
- Realized silver price rose to $67.91 per ounce in Q2 2026, up from $34.83 in the prior year, boosting profitability.
- Strong balance sheet with over $50 million in cash and no long-term debt, providing financial flexibility for expansion.
- Exploration potential is high, with promising results at Carlos Pacheco (including high-grade intercepts) and plans to accelerate drilling with additional rigs.
- Management is actively evaluating M&A opportunities, focusing on private companies in Mexico, which could add value.
- Production is subject to variability in epithermal veins, leading to potential fluctuations in grades and output.
- G&A expenses increased to $2.6 million in 2026 from $2.1 million in 2025, driven by legal, accounting, and warrant conversion costs.
- The company has not yet secured a definitive contract for third-party ore processing at Plumosa, with negotiations still ongoing.
- Management has no plans to hedge silver prices, exposing the company to potential downside if metal prices decline.
- A significant portion of drilling is for production purposes and not NI 43-101 compliant, limiting the release of exploration results.
- The Capiri project is still in the planning stage, with capital expenditures and equipment upgrades pending, which could delay potential growth.
Good day, ladies and gentlemen. Welcome to Impact Silver's Q2 2026 period ending June 30, 2026, financial and production results conference call.
Before we begin, we would like to go over our disclosure statements, followed by Mr. Fred Davidson's comments on the quarterly results and the Q&A period. Certain statements in the following conference call regarding Impact Silver's core business operations may constitute forward-looking statements. Such statements are not historical facts but are predictions about the future, which inherently involves risks, uncertainties, and could cause actual results to differ materially from those contained in the forward-looking statements.
I would like to now turn over to Fred Davidson, President and CEO of Impact Silver.
Thanks, Jerry. I've got to admit it's always great to have a quarter like this and a first half like this, in fact. So it's been a good year so
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