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Press Release - MINING COM
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IMPACT Silver Corp : IMPACT Silver Drills 9 8 Meters of 211 g/t Silver and 13 85 Meters of 186 g/t Silver at Veta Negra First Phase Drill Program
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IMPACT Silver Drills 9 8 Meters of 211 g/t Silver and 13 85 Meters of 186 g/t Silver at Veta Negra First Phase Drill Program
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Vancouver, British Columbia (Newsfile Corp. - May 25, 2021) - IMPACT Silver Corp. (TSXV: IPT) ( IMPACT or the Company ) announces its financial and operating results for the first quarter ended March 30, 2021.
The Company reported $5.4 million in revenue for the first quarter of 2021, a 57% improvement year over year from Q1 2020 s revenue of $3.4 million. Cash provided by operating activities improved to $1.3 million from $0.7 million in Q1 2020. Adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, & share-based payments) increased 220% from $0.5 million in Q1 2020 to $1.6 million.
Mine operating earnings before amortization and depletion in Q1 2021 improved to $1.9 million from $0.3 million in 2020. Operating activities in Q1 2021 generated cash flows of $1.3 million compared to $0.7 million in 2020. The net loss for quarter was $0.3 million compared to Q1 2020 of $0.1 million, after a $0.9 million non-cash accounting provision for share-based pa