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Starcore Announces 4th Quarter Production Results
https://www.newsfilecorp.com/release/123128
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2022) - Starcore International Mines Ltd. (TSX: SAM
Sierra Madre Drilling Intersects 6.35 Metres Grading 424 g/t AgEq & 6.05 Metres Grading 470 g/t AgEq in Drill Hole 14 at Tepic Project, Nayarit, Mexico
https://www.accesswire.com/700271/Sierra-Madre-Drilling-Intersects-635-Metres-Grading-424-gt-AgEq-605-Metres-Grading-470-gt-AgEq-in-Drill-Hole-14-at-Tepic-Project-Nayarit-Mexico
Thursday, May 5, 2022 7:00 AM
VANCOUVER, BC / ACCESSWIRE / May 5, 2022 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTCQB:SMDRF)
Silver Dollar Intersects 89.57 g/t AgEQ over 125.3m from Surface at The New Brazo Discovery, La Joya Silver Project in Durango, Mexico
Phase II drilling in progress and the Company is fully funded for 2022
https://www.newsfilecorp.com/release/122751
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2022) - Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF)
SONORO SUBMITS FEDERAL ENVIRONMENTAL PERMIT APPLICATION FOR CERRO CALICHE
https://ca.finance.yahoo.com/news/sonoro-submits-federal-environmental-permit-130000136.html
Sonoro Gold Corp.
May 4, 2022·2 min read
VANCOUVER, Canada, May 04, 2022 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce it has filed an Environmental Impact Statement, or Manifestacion de Impacto Ambiental (“MIA”) for its Cerro Caliche gold project in Sonora, Mexico. Under Mexican law, mining construction and operation activities require an approved MIA, as well as a Change of Land Use permit, or Autorizacion en Cambio de Uso de Suelo (“ETJ”), from the Mexican federal permitting authority, Secretaria de Medio Ambiente y Recursos Naturales (“SEMARNAT”). The Company is currently completing the required documentation for the Change of Land Use application and anticipates filing with SEMARNAT in the near future.
“Completing the MIA provided us with an opportunity to work closely with various stakeholders and I would like to thank everyone who worked alongside us as we conducted multiple environmental baseline studies and socio-economic assessments,” stated VP of Operations, Jorge Diaz. “The filing of the MIA is an important step in the project’s development and we will continue to move the project forward during the permitting process.”
Kenneth MacLeod, Sonoro’s President and CEO commented, “The filing of the MIA follows the compilation of extensive technical and environmental studies conducted on the Cerro Caliche concession over the past four years and supports the Company’s objective to develop Sonoro's proposed heap leach mining operation.”
John Darch, Sonoro's Chairman added, "We are delighted to report to our shareholders the filing of the Environmental Impact Statement, as it is a key milestone in the development of our proposed heap leach mining operation."
The scope of the MIA includes open pits, waste dumps, crushing facilities, heap leach pad, leach solution ponds, gold recovery facilities, haul roads, building structures and infrastructure, as proposed in the Company’s Preliminary Economic Assessment dated October 29, 2021. The document also provides flexibility for the continual optimization of the mine plan to support operational growth and resource expansion.
During the MIA-ETJ permitting phase, the Company will continue to move the project forward as it initiates site preparation work and focuses on arranging project financing. Management will also update the project’s estimated resource to incorporate the results from its nearly completed Phase IV drilling program and assess the potential impact on the project’s mine life and economic viability.
About Sonoro Gold Corp.
Sonoro Gold Corp. is a publicly listed exploration and development Company holding the near-development-stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.
On behalf of the Board of SONORO GOLD CORP.
Per: “Kenneth MacLeod”
Kenneth MacLeod
President & CEO
For further information, please contact:
Sonoro Gold Corp. - Tel: (604) 632-1764
Email: info@sonorogold.com
Forward-Looking Statement Cautions:
This press release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Cerro Caliche project, and future plans and objectives of the Company, constitute forward looking information that involve various risks and uncertainties, including statements regarding the amount of financing proposed to be raised, intended use of the financing proceeds, sufficiency of funds to complete certain project development steps, and outlook for the results of the contemplated drilling program. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective" and similar expressions, or that events or conditions "will", "would", "may", "can”, "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties, including the possibility of unfavorable exploration and test results, the lack of sufficient future financing to carry out exploration and development plans and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s exploration and development programs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Gatos Silver Announces Restart of Mining Operations, First Quarter 2022 Performance and Appointment of Vice President, Finance
https://ca.finance.yahoo.com/news/gatos-silver-announces-restart-mining-201500904.html
Mon, May 9, 2022, 1:15 p.m.·6 min read
DENVER, May 09, 2022--(BUSINESS WIRE)--Gatos Silver, Inc. (NYSE/TSX: GATO)
GoGold Releases 2022 Q2 Financial Results
https://www.newswire.ca/news-releases/gogold-releases-2022-q2-financial-results-802797438.html
GoGold Resources Inc. May 11, 2022, 08:30 ET
Shares Outstanding: 295,258,056
Trading Symbols: TSX: GGD
OTCQX: GLGDF
Fabled Silver Gold: Planning Of Phase 2 Exploration Diamond Program on The Santa Maria Property Completed
https://www.accesswire.com/700915/Planning-Of-Phase-2-Exploration-Diamond-Program-on-The-Santa-Maria-Property-Completed
Wednesday, May 11, 2022 7:30 AM
Fabled Silver Gold Corp
https://fabledsilvergoldcorp.com/
VANCOUVER, BC / ACCESSWIRE / May 11, 2022 / Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO; OTCQB:FBSGF, and FSE:7NQ)
SONORO ANNOUNCES POSITIVE UPDATED PEA RESULTS INCREASING PRE-TAX NPV TO USD $84.4 MILLION AND PRE-TAX IRR TO 74.9%
https://ca.finance.yahoo.com/news/sonoro-announces-positive-updated-pea-141400962.html
Sonoro Gold Corp.
Mon, May 9, 2022, 7:14 a.m.·13 min read
VANCOUVER, Canada, May 09, 2022 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP)
Zacatecas Silver Receives Permits for 30 Drill Pads at El Cristo
https://ca.finance.yahoo.com/news/zacatecas-silver-receives-permits-30-123000969.html
Fri, May 6, 2022, 5:30 a.m.·7 min read
VANCOUVER, BC, May 6, 2022 /CNW/ - Zacatecas Silver Corp. ("Zacatecas Silver" or the "Company", (TSXV: ZAC) (OTC: ZCTSF) (FSE:7TV)
Guanajuato Silver Drills 2,988 GPT AgEq Over 0.35m Estimated True Width at El Cubo
https://www.accesswire.com/700278/GSilver-Drills-2988-GPT-AgEq-Over-035m-Estimated-True-Width-at-El-Cubo
Thursday, May 5, 2022 8:00 AM
Reports Successful Drilling from Three Different Guanajuato Areas
VANCOUVER, BC / ACCESSWIRE / May 5, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF)
Orla Mining Announces Positive Initial Metallurgical Results on Camino Rojo Sulphide Project
https://www.newswire.ca/news-releases/orla-mining-announces-positive-initial-metallurgical-results-on-camino-rojo-sulphide-project-800533069.html
Orla Mining Ltd. May 09, 2022, 06:00 ET
Potential for Standalone Phased Processing Option
VANCOUVER, BC, May 8, 2022 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to provide a summary of Phase 1 metallurgical test results on its Camino Rojo sulphide deposit (the "Sulphide Project" or "Camino Rojo Sulphides"), located in Zacatecas, Mexico.
The Phase 1 metallurgical program has greatly increased Orla's understanding of metallurgical characteristics of Camino Rojo Sulphides, and appears to open up multiple processing options for the Camino Rojo Sulphides relative to what was suggested by previous work. The Phase 1 metallurgical program included tests on grinding characteristics, amenability to cyanidation, selective flotation, and pressure oxidation. In addition to the Phase 1 tests, a geometallurgical model was developed using new and historical metallurgical test results. Geometallurgical modelling integrates geological, geochemical, mineralogical, and recovery data to characterize zones of metallurgical response. It supports mine planning, flowsheet design, and connects mine and process planning as part of the optimization of mine-to-mill production and economic analysis. Highlights of Phase 1 metallurgical program include the following:
The geometallurgical model recognized five, spatially distinct, physically continuous geometallurgical zones within the 7.3-million-ounce sulphide gold deposit (measured and indicated mineral resource estimate of 259 million tonnes at 0.88 g/t Au, 7.4 g/t Ag, 0.07% Pb,0 0.26% Zn)[1].
Two geometallurgical zones of the Camino Rojo Sulphide mineralization appear to be amenable to conventional carbon-in-leach ("CIL") processing.
Selective flotation may be used to produce a gold concentrate.
Selective flotation may be used to produce a concentrate that can be treated using pressure oxidation.
There is potential to produce a zinc concentrate.
These positive results confirm potential for a standalone processing option for the Camino Rojo Sulphides. The Company will continue to work towards determining the optimal development plan with the goal of generating the greatest value for stakeholders. The metallurgical recoveries and geometallurgical zones will be used to determine new cut-off grades for open pit and underground mine designs. The respective mine designs will be used to support an updated sulphide mineral resource estimate, which is currently in progress, and will form the basis of a Preliminary Economic Assessment (the "PEA") on the Sulphide Project targeted for end of year 2022.
"These metallurgical results provide options for processing the Camino Rojo Sulphides", said Jason Simpson, President and Chief Executive Officer of Orla. "We are furthering our understanding of the deposit, the potential development pathway, and the value it may generate for stakeholders."
____________________________________
1
See "Scientific and Technical Information" below for additional information.
METALLURGICAL RESULTS
In 2021, the Company completed a directional drill core program into the Camino Rojo Sulphides. The main objectives of the program were to generate additional geological and analytical information regarding the continuity and geometry of the higher-grade gold mineralization (>2 g/t Au), obtain geotechnical information required to evaluate potential underground mining scenarios, and provide new material for metallurgical studies. The drill program was successful, and the drill results confirmed the presence of wide, higher-grade gold zones within the sulphide mineral resource (please see August 3, 2021, News Release).
"The metallurgy of the Camino Rojo Sulphide Project required evaluation of all processing options," said Andrew Cormier, Orla's Chief Operating Officer. "Building a CIL plant first could be used to process transition and low carbon zones and at a later stage add a flotation circuit to process the remaining geometallurgical zones sequentially."
The Phase 1 directional drill program in combination with Orla's geological model and data from previous metallurgical evaluations were used to develop a geometallurgical model that identified five, spatially distinct, physically continuous zones: two zones show amenability to conventional CIL and three zones where selective flotation may be used to produce a gold concentrate. Work continues to establish the size of each geometallurgical zones as part of activities for the PEA.
While the CIL gold recovery varied across the deposit, it was observed that some of the samples were amenable to conventional cyanidation with gold recoveries over 80%. CIL tests that did not perform as well were identified as having elevated levels of arsenopyrite and organic carbon.
The flotation tests included selective gold flotation, arsenopyrite/pyrite separation, and carbon pre-flotation. Flotation tests results produced a combined gold/sulphide concentrate with gold recoveries between 80-85%. Preliminary pressure oxidation processing tests on the sulphide concentrate indicate potential for high gold recovery, and additional testing is ongoing. Zinc flotation tests were conducted, and it was determined that a zinc concentrate containing over 54% zinc and recoveries of greater than 65% are achievable.
CAMINO ROJO SULPHIDE PROJECT
The development scenarios being considered to potentially form the basis of a PEA currently include: (1) an underground mining option with phased processing at a to-be-constructed CIL and flotation facility at Camino Rojo, or (2) an open pit mining option with phased processing at a to-be-constructed CIL and flotation facility at Camino Rojo, or (3) an open pit mining option with processing at Newmont Corporation's ("Newmont") Peñasquito facility. Work planned in 2022 includes the following:
Completion of 8,250-metre, Phase 2 Sulphide Project drill program to reinforce the geologic model and to continue to confirm the continuity of wide zones of higher-grade gold mineralization. The program has commenced on the first of 15 diamond drill holes and results are expected in the second half of 2022.
Update of resource estimate for the Camino Rojo Sulphides.
Completion of Phase 1 metallurgical test program, finalize the process design criteria, and develop the financial model for the selected mining and processing options as part of the PEA.
Completion of PEA in the fourth quarter 2022.
Qualified Persons Statement
The scientific and technical information related to Camino Rojo in this news release was reviewed and approved by Mr. J. Andrew Cormier, P. Eng., Chief Operating Officer of the Company, and Mr. Sylvain Guerard, P Geo., SVP Exploration of the Company, each of whom is a Qualified Person as defined under NI 43-101 standards. In order to verify the information relating to the Phase 1 metallurgical program, both Mr. Cormier and Mr. Guerard visited the property in the past year. Mr. Guerard also oversaw the selection of metallurgical samples. Mr. Cormier discussed the selection of the metallurgical samples with Mr. Guerard and responsible staff, designed the test work program, and reviewed the test results with the metallurgical laboratory, Blue Coast Metallurgy & Research ("Blue Coast").
Scientific and Technical Information
The mineral resource estimate for the Sulphide Project at Camino Rojo consists of 74 koz of measured resource (3.358 million tonnnes at 0.69 g/t gold) and 7,221 koz of indicated resources (255.445 million tonnes at 0.88 g/t gold) and has an effective date of June 7, 2019. If the Sulphide Project is defined through a positive pre-feasibility study outlining one of the development scenarios A or B below, Newmont may, at its option, enter into a joint venture for the purpose of future exploration, advancement, construction, and exploitation of the Sulphide Project.
Scenario A: A Sulphide Project where material from the project is processed using the existing infrastructure of the Peñasquito mine, mill, and concentrator facilities. In such a circumstance, the sulphide project would be operated by Newmont, who would earn a 70% interest in the Sulphide Project, with Orla owning 30%.
Scenario B: A standalone Sulphide Project with a mine plan containing at least 500 million tonnes of proven and probable mineral reserves using standalone facilities not associated with the Peñasquito mine. Under this scenario, the Sulphide Project would be operated by Newmont, who would earn a 60% interest in the Sulphide Project, with Orla owning 40%.
Additional information can be found in the Camino Rojo Technical Report entitled "Unconstrained Feasibility Study NI 43-101 Technical Report on the Camino Rojo Gold Project – Municipality of Mazapil, Zacatecas, Mexico" and dated January 11, 2021.
The Phase 1 metallurgical program testing was completed by Blue Coast. Blue Coast is independent of the Company and employs an internal quality assurance-quality control program consistent with NI 43-101 and industry best practice.
About Orla Mining Ltd.
Orla is operating the Camino Rojo Oxide Gold Mine, a gold and silver open-pit and heap leach mine, located in Zacatecas State, Central Mexico. The property is 100% owned by Orla and covers over 160,000 hectares. The technical report for the 2021 Feasibility Study on the Camino Rojo oxide gold project entitled "Unconstrained Feasibility Study NI 43-101 Technical Report on the Camino Rojo Gold Project – Municipality of Mazapil, Zacatecas, Mexico" dated January 11, 2021, is available on SEDAR and EDGAR under the Company's profile at www.sedar.com and www.sec.gov, respectively. The technical report is also available on Orla's website at www.orlamining.com. Orla also owns 100% of Cerro Quema located in Panama which includes a near-term gold production scenario and various exploration targets. Cerro Quema is a proposed open pit mine and gold heap leach operation. The technical report for the Pre-Feasibility Study on the Cerro Quema oxide gold project entitled "Project Pre-Feasibility Updated NI 43-101 Technical Report on the Cerro Quema Project, Province of Los Santos, Panama" dated January 18, 2022, is available on SEDAR and EDGAR under the Company's profile at www.sedar.com and www.sec.gov, respectively. The technical report is also available on Orla's website at www.orlamining.com.
Forward-looking Statements
This news release contains certain "forward-looking information" and "`forward-looking statements" within the meaning of Canadian securities legislation and within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended, the United States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission, all as may be amended from time to time, including, without limitation, statements regarding the results of the Phase 1 metallurgical program and the potential benefits thereof, potential development scenarios for the Sulphide Project, and exploration and study work planned at the Sulphide Project for 2022. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding metallurgical results; the price of gold, silver, and copper; the accuracy of mineral resource and mineral reserve estimations; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained, including concession renewals and permitting; that political and legal developments will be consistent with current expectations; that currency and exchange rates will be consistent with current levels; and that there will be no significant disruptions affecting the Company or its properties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: uncertainty and variations in the estimation of mineral resources and mineral reserves, including risks that the interpreted drill results may not accurately represent the actual continuity of geology or grade of the deposit, bulk density measurements may not be representative, interpreted and modelled metallurgical domains may not be representative, and metallurgical recoveries may not be representative; the Company's reliance on Camino Rojo and risks associated with its start-up phase; financing risks and access to additional capital; risks related to natural disasters, terrorist acts, health crises and other disruptions and dislocations, including by the COVID-19 pandemic; risks related to the Company's indebtedness; success of exploration, development, and operation activities; foreign country and political risks, including risks relating to foreign operations and expropriation or nationalization of mining operations; concession risks; permitting risks; environmental and other regulatory requirements; delays in or failures to enter into a subsequent agreement with Fresnillo Plc with respect to accessing certain additional portions of the mineral resource at Camino Rojo and to obtain the necessary regulatory approvals related thereto; the mineral resource estimations for Camino Rojo being only estimates and relying on certain assumptions; the Layback Agreement with Fresnillo Plc remaining subject to the transfer of surface rights; delays in or failure to get access from surface rights owners; risks related to guidance estimates and uncertainties inherent in the preparation of feasibility and pre-feasibility studies, including but not limited to, assumptions underlying the production estimates not being realized, changes to the cost of production, variations in quantity of mineralized material, grade or recovery rates, geotechnical or hydrogeological considerations during mining differing from what has been assumed, failure of plant, equipment or processes, changes to availability of power or the power rates, ability to maintain social license, changes to exchange, interest or tax rates, cost of labour, supplies, fuel and equipment rising, changes in project parameters, delays, and costs inherent to consulting and accommodating rights of local communities; uncertainty in estimates of production, capital, and operating costs and potential production and cost overruns; the fluctuating price of gold, silver, and copper; global financial conditions; uninsured risks; competition from other companies and individuals; uncertainties related to title to mineral properties; conflicts of interest; risks related to compliance with anti-corruption laws; volatility in the market price of the Company's securities; assessments by taxation authorities in multiple jurisdictions; foreign currency fluctuations; the Company's limited operating history; risks related to the Company's history of negative operating cash flow; litigation risks; intervention by non-governmental organizations; outside contractor risks; risks related to historical data; unknown labilities in connection with acquisitions; the Company's ability to identify, complete, and successfully integrate acquisitions; dividend risks; risks related to the Company's foreign subsidiaries; risks related to the Company's accounting policies and internal controls; the Company's ability to satisfy the requirements of the Sarbanes-Oxley Act of 2002; enforcement of civil liabilities; the Company's status as a passive foreign investment company for U.S. federal income tax purposes; information and cyber security; gold industry concentration; shareholder activism; risks associated with executing the Company's objectives and strategies, as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis, as well as its annual information form dated March 18, 2022, to be available on www.sedar.com and www.sec.gov. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
Cautionary Note to U.S. Readers
This news release and the documents incorporated by reference herein, as applicable, have been prepared in accordance with Canadian standards for the reporting of mineral resource and mineral reserve estimates, which differ from the previous and current standards of the United States securities laws. In particular, and without limiting the generality of the foregoing, the terms "mineral reserve", "proven mineral reserve", "probable mineral reserve", "inferred mineral resources,", "indicated mineral resources," "measured mineral resources" and "mineral resources" used or referenced herein and the documents incorporated by reference herein, as applicable, are Canadian mineral disclosure terms as defined in accordance with Canadian National Instrument 43-101 — Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") — CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Definition Standards").
For United States reporting purposes, the United States Securities and Exchange Commission (the "SEC") has adopted amendments to its disclosure rules (the "SEC Modernization Rules") to modernize the mining property disclosure requirements for issuers whose securities are registered with the SEC under the Exchange Act, which became effective February 25, 2019. The SEC Modernization Rules more closely align the SEC's disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards, including NI 43-101, and replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7. Issuers were required to comply with the SEC Modernization Rules in their first fiscal year beginning on or after January 1, 2021. As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multi-jurisdictional disclosure system, the Corporation is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Definition Standards. Accordingly, mineral reserve and mineral resource information contained or incorporated by reference herein may not be comparable to similar information disclosed by United States companies subject to the United States federal securities laws and the rules and regulations thereunder.
As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources." In addition, the SEC has amended its definitions of "proven mineral reserves" and "probable mineral reserves" to be "substantially similar" to the corresponding CIM Definition Standards that are required under NI 43-101. While the SEC will now recognize "measured mineral resources", "indicated mineral resources" and "inferred mineral resources", U.S. investors should not assume that all or any part of the mineralization in these categories will be converted into a higher category of mineral resources or into mineral reserves without further work and analysis. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, U.S. investors are cautioned not to assume that all or any measured mineral resources, indicated mineral resources, or inferred mineral resources that the Company reports are or will be economically or legally mineable without further work and analysis. Further, "inferred mineral resources" have a greater amount of uncertainty and as to whether they can be mined legally or economically. Therefore, U.S. investors are also cautioned not to assume that all or any part of inferred mineral resources will be upgraded to a higher category without further work and analysis. Under Canadian securities laws, estimates of "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies, except in rare cases. While the above terms are "substantially similar" to CIM Definitions, there are differences in the definitions under the SEC Modernization Rules and the CIM Definition Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as "proven mineral reserves", "probable mineral reserves", "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards adopted under the SEC Modernization Rules or under the prior standards of SEC Industry Guide 7.
SOURCE Orla Mining Ltd.
For further information: Jason Simpson, President & Chief Executive Officer; Andrew Bradbury, Vice President, Investor Relations & Corporate Development, www.orlamining.com, info@orlamining.com
IMPACT Silver Announces Q1 2022 Results Revenue of $4.6 Million, EBITDA $0.4 Million
https://www.newsfilecorp.com/release/123153
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2022) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the first quarter ended March 31, 2022.
The Company recorded $4.6 million in revenue for the first quarter of 2022 and EBITDA (earnings before interest, taxes, depreciation, & amortization) of $0.4 million. Mine operating earnings before amortization and depletion in Q1 2022 were $1.1 million. After non-cash costs - amortization, depreciation, and deferred income taxes - the Company incurred a net loss of $0.06 million compared to a loss of $0.3 million in Q1 2021.
During the quarter, the Company continued to focus on exploration and development of the district spending $1.3 million on these programs. Working capital at March 31, 2022, remained strong at $21.1 million compared to $21.5 million at March 31, 2021. The Company continues to remain well funded with cash of $19.1 million at March 31, 2022.
Fred Davidson, President & CEO of IMPACT, stated, "In Q1 2022, we saw the start of full pressure from the inflation built up over years of quantitative easing, the flare up of Ukraine-Russia war, coupled with start of steep rate hikes in North America, all of which have caused downward pressures on precious metal spot prices. The average price of silver fell to $23/oz but with cost efficiencies realized from lean operations our team was able to continue generate positive EBITDA and mine operating earnings.
"IMPACT continues to be one of the purest silver miners with a 90%+ revenue leverage to silver prices. It is our plan in 2022 that with ongoing production efficiency improvements and exploration plans, we will continue to shape IMPACT into the premier silver exploration and production play for investors. With a robust exploration program lined up in 2022 to follow up on successes in 2021, cash on hand, strong working capital, no long-term debt, and a belief in the potential for higher silver prices, IMPACT is well positioned."
Q1 2022 Financial Overview
Revenue for Q1 2022 was $4.6 million, down from $5.4 million same quarter 2021 in part due to lower silver prices. Sales in Q1 2021 included substantial inventory from December of the prior year.
EBITDA was $0.4 million for quarter (Q1 2021 $0.6 million).
Mine operating earnings for Q1 2022 were $1.1 million compared to $1.9 million in Q1 2021.
Net loss for the quarter was $0.06 million, improving from a loss of $0.3 million in 2021.
Net working capital for the Company at March 31, 2022 was $21.1 million with cash on hand of $19.1 million.
The Company continues to have no long-term debt.
Q1 2022 Production Overview
Throughput at the mill was 36,143 tonnes in Q1 2022 compared to 36,413 tonnes in 2021.
Q1 2022 silver sales were 162,869 ounces (2021 - 184,303 ounces), including December 31, 2020 inventoried concentrate. Silver production in Q1 2022 was 151,645 oz., only marginally lower than 156,889 oz in Q1 2021.
Revenue per tonne sold was $118.34 in Q1 2022, a drop of just 5% from same period 2021 despite a 13% drop in silver prices.
Direct costs per production tonne were $90.01 in Q1 2022, an increase from 2021's comparative period of $75.45, largely due to extensive underground drilling and development during the quarter. With its lower cost structure, the Company has expanded production from Guadalupe, upgraded the shaft and underground railroad infrastructure, and is upgrading other infrastructure in the mine to access additional veins for mining on the lower levels and expanding production.
Exploration and Development Plans
During the quarter, IMPACT announced drill results from the Veta Negra Mine area and extensions including 257 g/t silver over 19.8 metres and 487 g/t silver over 12.97 metres (see IMPACT news release dated February 7, 2022 for details).
Exploration targets are defined and prioritized using a very large computer database complied over many years from historical maps and other technical data on the project. During the quarter, fieldwork was highlighted by continued exploration on the north and south extensions of the Veta Negra Mine and the Noche Norte area southwest of Veta Negra.
In addition to continued Veta Negra drilling, exploration work is planned for San Ramon South extensions, the Alacran Vein area, the Manto America bulk tonnage gold target and the La Luce and Pachuqueno Veins.
A recorded conference call reviewing the financial and production results of the quarter ended March 30, 2022, will be available on the Company website on May 10, 2022, at www.impactsilver.com/media/conference-calls/.
The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.
ABOUT IMPACT SILVER
IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico with excellent infrastructure and labor force. Over the past 16 years, IMPACT has produced over 11.5 million ounces of silver, generating revenues over $230 million, with no long-term debt.
At the Royal Mines of Zacualpan Silver District, three underground silver mines and one open pit mine feed the central Guadalupe processing plant. To the south, in the Mamatla District, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with a mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details); Company engineers are reviewing Capire for potential restart of operations. With 15 years of exploration successes leading to production cash flows, IMPACT has shown the Zacualpan Silver-Gold District to be endowed with many high-grade silver-gold zones and has placed multiple zones into commercial production.
Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.newsfilecorp.com/redirect/gxwgosKDK7
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., is a "qualified person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to the expected use of proceeds of the Private Placement.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
303-543 Granville Street Telephone (604) 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
Twitter
LinkedIn
IMPACT Silver Announces Full Year 2021 Results
Revenue Increased 13% to $17.7 Million, EBITDA $1.5 Million
https://www.newsfilecorp.com/release/117741
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2022) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the year ended December 31, 2021. The Company operates one of the purest silver producers at its Royal Mines of Zacualpan Silver District in Mexico.
The Company reported $17.7 million in revenue for full year 2021, a 13% increase year over year compared to revenues of $15.6 million in revenue in 2020. The better results were primarily due to increased silver prices during the year despite increases on direct costs due to inflation, development costs designed to increase tonnage long term, and exploration program. Mine operating earnings before amortization and depletion were $3.4 million for the year ended December 31, 2021 compared to $3.3 million in 2020 in spite of higher development costs and lower silver grades both of which continued to impact the operating results.
Fred Davidson, President & CEO of IMPACT, stated, "With the euphoric start of 2021 and retail shareholder interest in silver thanks to meme-stock mania, IMPACT demonstrated what a efficient miner can do when silver prices start to run. The world has seen unforeseen turmoil in recent days and once again gold and silver rose as safe haven for sovereign and investors globally. As one of the purest silver producers, we believe IMPACT is uniquely positioned as the silver metal attracts investor interest. Underpinned with global currency tightening and true inflationary pressure, we see precious metals catching up with most industrial metals and energy prices.
"In 2021, IMPACT capitalized on its operational successes and carried out the Company's largest exploration program in years. In addition to ongoing advancements on various mine sites, unlocking the value of our land package, and ongoing evaluation of a near-term restart of our Capire VMS mine using XRT technology, 2021 was a busy year for the team, ultimately setting up for exciting catalysts for growth in 2022.
"With over 11 million ounces of silver (no equivalents) produced since 2006 by IMPACT, generating over $225 million in revenue and investing over $65 million in CAPEX to date, we are proud of our 2021 achievements and look forward to an even better 2022 with potential growth catalysts such as restart of mining at Capire, drilling of high priority targets, and high silver prices."
2021 FINANCIAL OVERVIEW
Revenue was $17.7 million compared to $15.6 million in 2020, due to higher average silver prices.
Earnings before interest, taxes, depreciation, amortization2 ("EBITDA") was $1.5 million in 2021 (2020 - $2.5 million).
Cash flow from operations was $3.0 million up from $2.5 million in 2020.
Mine operating earnings before amortization and depletion1 YTD 2021 was $4.7 million (2020 $4.7 million).
After investing $3.6 million in exploration expenditures and mining assets during the year, the cash position remained strong at $21.1 million with working capital of $21.5 million, up from cash of $20.4 million and working capital of $20.3 million at December 31, 2020.
The Company has no long-term debt.
2021 PRODUCTION OVERVIEW
2021 full year silver production was 617,686 ounces (2020 - 646,534 ounces) dropping 4.6% year over year. Silver sales were largely flat at 633,952 ounces full year 2021 compared to 2020.
Average mill feed grade for silver was 172 grams per tonne (g/t) in Q4 2021 comparable to 166 in Q4 2020, an increase of 4%.
Throughput at the mill was 145,458 tonnes milled in 2021 compared to 140,069 tonnes in 2020 for an average of 399 tonnes per day for the year.
The goal at Guadalupe processing plant was to focus on lower cost, higher grade production. The lower but steady production tonnes allowed the Company to focus on mining higher margin areas in lower cost situations. Revenue per tonne sold was $119.04 in 2021 an increase of 3% from 2020 at $116.09.
Direct costs per production tonne were $97.79 in Q4 2021 an increase of 6% from $92.91 during the same period in 2020 due to inflationary pressures and cost increases as the Company stepped up exploration and development at the Guadalupe mine.
The mining activity is becoming more focused on the Guadalupe mine and areas accessed from that shaft, with tonnage reaching approximately 50% of total mill feed. A substantial underground development program at Guadalupe is largely complete which included refurbishment of the main production shaft, and rebuilding the extensive track system on the 195 level to access the Pachuqueno section of the mine. This will provide for higher capacity with lower associated hauling costs.
There were one time weather related costs in Q3 2021 which resulted in excessive haul costs and the mining at the Veta Negra open-pit halted; production at this mine recommenced in the fourth quarter providing 8% of the mill feed.
Work continued on a third tailings facility with a provisional life of nine years of operations at the Guadalupe mill complex.
EXPLORATION
During 2021, IMPACT has conducted an aggressive exploration program, including a diamond drill program that was in excess of 17,000 metres utilizing the Company-owned four surface and underground drill rigs. The program was focused on discovery and definition of additional high-grade silver and gold zones for near- and longer-term mining. With the current success combined with the operational efficiencies of owning its own drills, the Company plans a number of additional programs during 2022 that could approach 20,000 metres of drilling across the Company's extensive land package.
Select highlights from 2021 news releases:
Discovers new San Ramon South Zone including intersections of 1.93 meters of 1,443 g/t Silver and 3.65 meters of 568 g/t Silver (December 14, 2021).
691 g/t Silver Over 1.29 meters At Guadalupe Mine (Oct 5, 2021).
3.38 meters of 2,186 g/t Silver and 6.04 meters of 464 g/t Silver At Guadalupe Mine - Pachuqueno (Oct 19, 2021).
JOINT VENTURE ON PROPERTY
As an ongoing strategy to unlock value for IMPACT shareholders, management is selectively working with high quality junior explorers to assist with unlocking value in the large 211 km2 district owned by IMPACT. During Q4 2020, the Company optioned approximately 1,100 hectares of its Zacualpan S.E. concession to Pantera Silver Corp.
In Q1 2021, Pantera made a payment of $50,000 in cash, and issued the Company 200,000 treasury shares valued at $85,000. Pantera is required to make option payments of $300,000 in cash, issue the Company 3.5 million shares and complete a minimum of $1.4 million in work on the project over the next three years, to acquire 100% of the project. This agreement is subject to a 1% net smelter return in favour of IMPACT.
CAPIRE VMS OPEN PIT MINE
The Capire open pit silver mine and 200 tonne per day processing plant is a separate operating unit located 16 kilometers south of the Guadalupe processing plant. The Capire unit is currently on care and maintenance but the Company is carrying out studies toward bringing it back into production. Previous 43-101 mineral resource studies on the Capire deposit have been evaluated with an inhouse review using the experience of a small test mining open pit operation in 2014. Other studies are being conducted with regard to critical infrastructure to determine optimum plant size for Capire operations and a 1,400 kilogram sample from the Capire open pit was tested using state of the art X-Ray transmission ("XRT") pre-concentration processing technology with encouraging results. XRT technology is a process that recognizes and sorts rocks based on the specific atomic density of the material. XRT sorts ore grade material from waste reducing the amount of material to be processed during the milling process as well as tailings. The Company is currently evaluating the potential impact of XRT pre-concentration upon capital and operating costs, recoveries and the ultimate mineable size of the deposit and the current pilot plant.
A recorded conference call reviewing the financial and production results of the year ended December 31, 2021 will be available on the Company website on March 25, 2022 at www.impactsilver.com/media/conference-calls/.
The information in this news release should be read in conjunction with the Company's audited condensed consolidated Financial Statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., is a "qualified person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
ABOUT IMPACT SILVER CORP.
IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico with excellent infrastructure and labor force. Over the past 16 years, IMPACT has produced over 11 million ounces of silver, generating revenues over $225 million, with no long-term debt. At the Royal Mines of Zacualpan Silver District, three underground silver mines and one open pit mine feed the central Guadalupe processing plant. To the south, in the Mamatla District, the Capire processing pilot plant is adjacent to an open pit silver mine with a mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details); Company engineers are reviewing Capire for restart of operations in light of current elevated silver prices. With 16 years of exploration successes leading to production cash flows, IMPACT has shown the districts to be endowed with many high grade epithermal silver-gold zones and has placed multiple zones into commercial production.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to the expected use of proceeds of the Private Placement.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
303-543 Granville Street Telephone (604) 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
Twitter
LinkedIn
1 Mine operating earnings before amortization and depletion is a non-IFRS measure which the Company believes provides meaningful information about the Company's financial performance.
2 EBITDA - Earnings before interest, taxes, depreciation, amortization and stock-based payments - is a non-IFRS measure which the Company believes provides meaningful information about the Company's financial performance.
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
https://www.newsfilecorp.com/release/90098
Vancouver, British Columbia--(Newsfile Corp. - July 13, 2021) - IMPACT Silver Corp. (TSXV: IPT)
IMPACT Silver Announces Results of Successful Dense Media Separation (DMS) Study at Capire VMS Production Center
https://www.newswire.ca/news-releases/impact-silver-announces-results-of-successful-dense-media-separation-dms-study-at-capire-vms-production-center-886416756.html
IMPACT Silver Corp. Aug 26, 2019, 14:18 ET
Trading Symbol: "IPT: TSX.V"
IMPACT Silver Announces Q1 2019 Financial and Production Results
https://www.newswire.ca/news-releases/impact-silver-announces-q1-2019-financial-and-production-results-896147993.html
IMPACT Silver Corp. May 27, 2019, 09:00 ET
Trading Symbol: "IPT: TSX.V"
VANCOUVER, May 27, 2019 /CNW/ - IMPACT Silver Corp. ("IMPACT" or the "Company") announces its financial and operating results for the quarter ending March 31, 2019.
The Company reported $3.0 million in revenue for the first quarter of 2019 compared to Q1 2018 at $3.9 million with improved grades helping to offset lower tonnage and silver prices. Mine operating earnings before amortization and depletion were breakeven for the first time since Q1 2018 as cost reductions and grade improvements are having a positive impact.
Fred Davidson, President & CEO of IMPACT, stated, "In Q1 2019, silver prices continued to be challenging with prices below $16 USD/ounce. In reaction to these persistent low metal prices, IMPACT has reduced tonnage and focused on higher grades which resulted in a 16% reduction in cost and a 23% decline in revenue during the quarter. Going forward given the current silver price environment, we aim to break even on existing production levels while metal prices remain depressed and explore selective high-grade targets which IMPACT may fast track to higher grade production."
IMPACT is increasingly shifting production to the Guadalupe Silver Mine located adjacent to the Guadalupe mill which saves significant hauling costs. Historic production from the Guadalupe Mine was first recorded in 1529 and more recently between 1967-1982 produced an estimated 9,000,000 ounces of silver. Benefiting from better silver grades, proximity to the mill, and existing low-cost shaft infrastructure (which was updated in 2019), in Q1 2019 the Guadalupe mine accounted for 27% of the total production feed and management expects this to continue to increase.
Production Overview
Silver production decreased to 163,575 ounces in Q1 2019 from 203,199 ounces in Q1 2018 due to planned lower tonnages produced.
Average mill feed grade for silver in the quarter increased to 167 g/t silver in Q1 2019, a 4% increase from Q1 2018 at 160 g/t silver.
Throughput at the mill decreased 23% to 35,788 tonnes milled in Q1 2019 from 46,602 in Q1 2018.
Financial Overview
Revenue for Q1 2019 was comparable to Q4 2018 at $3.0 million. However, revenue per tonne increased to $84.98 from Q4 2018 ($79.55) as the Company focused on improving head grade at the mill to combat lower silver prices.
Mine operating earnings before amortization and depletion were breakeven ($0.0) compared to $0.3 million in Q1 2018 as cost reductions and grade improvements started materializing.
Mine operating loss was $0.4 million for Q1 2019 compared to $0.1 million in Q1 2018.
Net loss for quarter was $0.9 million which includes $0.1 million of foreign exchange loss and non-cash expenses of $0.4 million for amortization, depletion, and deferred income taxes.
The Company had cash of $0.4 million and trade and other receivables of $1.6 million at March 31, 2019.
The Company has no long-term debt.
Silver prices for the first quarter of 2019 were range bound to $15 to $16 USD per ounce though some experts have forecasted higher prices on upcoming geopolitical uncertainties in the world, the historic high gold to silver ratio, and 2% decrease in worldwide silver production while investment demand has surged 20% year over year.
Cost control remains a high priority for IMPACT. In addition to increasing efficiency and grade at operations, cost reduction initiatives are well under way to ensure IMPACT can weather the markets. Direct cost per tonne at the mill was $82.47 in Q1 2019 compared to Q4 2018 of $91.50, a 10% reduction and showing progress on the Company's continued push on cost reductions. On the positive side, revenue per tonne sold for Q4 increased to $84.98 versus $79.55 in Q4 2018, a 7% increase from the previous quarter. IMPACT continues to focus on cost reductions and maximizing revenue per ounce sold.
Dense Media Separation Study at Capire
Subsequent to quarter end, IMPACT announced commissioning of an engineering study to test the viability of Dense Media Separation (DMS) processing at its Capire Production Centre. DMS is a low-cost method of pre-concentrating minerals to increase the grade of mineral feed into the processing plant and improve processing economics. Results of the DMS test are pending.
New Concentrate Sales Partnership
In late Q1 2019, IMPACT Silver entered into a new concentrate sales and refining partnership with Samsung C&T Corp. The Company believes the pricing is competitive with this new contract albeit with longer payment terms.
George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101, approved the technical content regarding exploration work in this news release.
A recorded conference call reviewing the financial and production results for the first three months ending March 31, 2019 will be available on the Company website on May 27, 2019 at www.impactsilver.com/s/ConferenceCalls.asp.
The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.
About IMPACT Silver:
IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 357 km2 in central Mexico with excellent infrastructure and labor force. Over the past twelve years IMPACT has produced over 9.4 million ounces of silver, generating revenues over $175 million, with no long-term debt. At the Royal Mines of Zacualpan Silver District several underground silver mines feed the central Guadalupe processing plant. To the south, in the Mamatla District the Capire processing pilot plant is an expandable 200 tpd with a NI-43-101 compliant resource of silver-lead-zinc (see IMPACT news release dated January 18, 2016 for details) awaiting higher metal prices to be restarted. Given the challenging markets the last few years, IMPACT has focused its exploration efforts on gold and silver targets with quick to production profiles and proximity to the Guadalupe processing plant. Following a successful decade of exploration success to production cash flows, IMPACT has shown the Zacualpan District to be prolific in generating high grade epithermal silver-gold production feeds. With markets more perceptive to exploration results and the requirement for additional production feed, IMPACT continues to add emphasis to exploration work.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI43-101 the Company is required to disclose that it has not based its production decisions on NI43-101-compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
SOURCE IMPACT Silver Corp.
For further information: Jerry Huang, CFO & Investor Relations, (604) 681 0172 or inquiries@impactsilver.com
Related Links www.impactsilver.com
Otto Rock sez this company is crap. Hard to argue...
https://incakolanews.blogspot.com/2019/05/impact-silver-iptv-1q19-financials.html
LC
IMPACT Silver Drills 2.69 meters of 5.27 g/t Gold (Eq) at El Canelo
https://www.newswire.ca/news-releases/impact-silver-drills-2-69-meters-of-5-27-g-t-gold-eq-at-el-canelo-882043035.html
IMPACT Silver Corp. Mar 26, 2019, 09:00 ET
IMPACT Silver Announces the Start of Drilling on the El Canelo Vein System at Santa Teresa project
https://ca.finance.yahoo.com/news/impact-silver-announces-start-drilling-163700196.html
CNW GroupFebruary 19, 2019
Trading Symbol: "IPT: TSX.V"
VANCOUVER, Feb. 19, 2019 /CNW/ - IMPACT Silver Corp. ("IMPACT" or the "Company") is pleased to announce that diamond drilling has commenced on the El Canelo gold silver vein in the Santa Teresa area. Trench sampling along the strike of the vein at 10m intervals returned an average gold grade of 6.5 g/t over a true width of 1.66m and a length of 50m (News Release Dated 25 Sept. 2018). The initial six hole program will test the vein system along strike and to a down dip depth of 100m at 50m intervals.
"This small initial program follows our successful 2018 sampling program and allows IMPACT to test potential continuity of veins we first encountered over a decade ago at much lower gold prices. Given the proximity of the project to IMPACT's operation mills, potential large enough tonnage of gold and copper could warrant near-term production prospects."
The strong gold potential of the general area was first recognized by IMPACT geologists between 2008 and 2013 while drilling the Carlos Pacheco and San Juan areas 1.5km to the north which yielded high grade gold drilling values including 19.6 g/t gold across 2.9 meters and 3.84 g/t gold across 6.7 meters. It's plausible that Carlos Pacheco are probably northern extensions of the Santa Teresa mineralizing system. Detailed results can be viewed from previous reports by IMPACT dated December 4, 2008; July 11, 2012; October 30, 2013; January 7, 2014):
Exploration programs are ongoing in the San Ramon Sur area to the south of the San Ramon mine which on July 17, 2018, the IMPACT team announced a new zone discovery with drilling results of 2.04 meters of 661 g/t silver and 4.97 meters of 354 g/t silver. Lastly – exploration is ongoing also at Manto America area located about 4km to the south of Santa Teresa.
About IMPACT Silver:
IMPACT Silver Corp. is a successful silver explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 357km2 in central Mexico with excellent infrastructure and labor force. Over the past thirteen years over 8.5 Moz of Silver has been produced, generating revenues of $175 million, with no long-term debt. In the historic Royal Mines of Zacualpan Silver District three underground silver mines feed the central 535 TPD Guadalupe processing plant. To the south, in the Mamatla District the Capire processing plant is currently rated at 200 tpd, but is expandable. It is adjacent to an open pit silver mine with a National Instrument 43-101 ("NI 43-101") compliant resource of over 4.5 Moz Silver, 48 million lbs Zinc and 21 million lbs Lead (see IMPACT news release dated January 18, 2016) that is awaiting higher silver prices to be restarted. Since acquiring the project, IMPACT has compiled an exhaustive database with over 5,000 old mine workings, assayed over 34,000 rock samples and over 54,000 drill core samples, analysed over 50,000 soil samples, and put six mines into production. Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com.
Qualified Person and NI 43-101 Disclosure
Wojtek Jakubowski, P.Geo. is a "qualified person" within the meaning of NI 43-101 and has reviewed, verified and approved the technical information disclosure contained in this press release.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to the expected use of proceeds of the Private Placement.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
SOURCE IMPACT Silver Corp.
View original content: http://www.newswire.ca/en/releases/archive/February2019/19/c7263.html
IMPACT Silver: Technical Update: Exploration Strategies and New Silver Gold Targets of the Zacualpan Silver District
Consultant Jim Oliver PhD Undertakes Preliminary Structural Analysis and Geological Study of the Zacualpan Mineralized Systems
https://www.newswire.ca/news-releases/technical-update-exploration-strategies-and-new-silver-gold-targets-of-the-zacualpan-silver-district-835603133.html
IMPACT Silver Corp. Jan 24, 2019, 09:00 ET
Trading Symbol: "IPT: TSX.V"
VANCOUVER, Jan. 24, 2019 /CNW/ - IMPACT Silver Corp. ("IMPACT" or the "Company") is pleased to announce the results of a two week field review, undertaken by consulting geologist Dr. Jim Oliver, of the San Ramon, Guadalupe, Chivo, Alacran and Santa Teresa in the Zacualpan silver-gold district of central Mexico. Dr. Oliver is well respected in the industry and has broad global experience with numerous deposit types including extensive work on structurally controlled gold-silver mineralized systems. This technical review was undertaken to confirm exploration procedures, prioritize exploration targets and clarify models to guide future exploration on the property.
Fred Davidson, President & CEO, stated "We are encouraged that Dr. Oliver's work has advanced our internal geological model and understanding of a potential larger bulk tonnage gold system within our 357km land package. We have large areas of excellent ground to explore and are in production on less than 2% of the land package. We look forward to exploration results that will come from the work recommended by Dr. Oliver."
The technical review indicates:
Deformation zones which host the Zacualpan veins are robust and continuous over several kilometers of length. The continuity of the deformation zones is sometimes obscured by shallow sedimentary cover but the veins and the deformation zones have been shown to persist beneath the overlying sediments.
The historic alignment of pits, trenches and adits, coupled with geochemical, geological and geophysical data indicate that principle Zacualpan deformation zones are commonly silver-gold mineralized. Most of the Zacualpan mineralized deformation zones have offsets to the right and downslope in their movement history. Knowledge of the movement history of the deformation zones will permit the exploration teams to define and test dilatant mineralized sites, or sites of preferential mineralization within the broader deformation zones.
The mineralogy and textural characteristics of the veins suggest that the Zacualpan silver veins are of the deposit type known as intermediate sulphidation veins. Intermediate sulphidation vein systems are a common deposit type at many Mexican silver occurrences and deposits including major vein systems at Taxco, Pachuca, Zacatecas and Guanajuato.
The technical data suggests that the intermediate sulphidation veins of the Zacualpan area may be mineralized over vertical distances exceeding 400 m. In many cases, the surface expressions of the veins systems are occurring near the upper limits of the hydrothermal system, or the system is intact and has not been substantially eroded. Many of the historic occurrences in the Zacualpan district have either not been drill tested or tested only to very shallow depths.
The Zacualpan project area is strongly metal endowed and may include other deposit types in addition to silver dominant intermediate sulphidation veins. Occurrences in the Santa Terresa area have some of the characteristics of gold associated with intrusion related gold systems. Anomalous gold and copper values in surface and underground rock exposures are associated with numerous silica-hematite altered felsic intrusions which cut thick bedded, siliceous sediments. IMPACT technical teams are currently expanding the targeting of intrusion hosted gold occurrences in the Santa Teresa area and investigating the potential for bulk tonnage intrusion related gold systems.
Work is presently in progress in two principle areas including:
Defining onstrike extensions to the San Ramon silver vein system. Detailed soil geochemical sampling and geological work extended the deformation zone which hosts the flagship San Ramon mine.
Better characterizing the potential for bulk mineable, and potentially intrusion related gold systems in the Santa Teresa area. With additional geochemical and geological work, the Santa Teresa anomalous gold copper area is outlined over a large area with many anomalous samples in gold (see IMPACT news release dated September 25, 2018).
Based on these results, IMPACT Silver technical teams are advancing these and related targets to the drill stage.
Wojtek Jakubowski, P.Geo., a Qualified Person under the meaning of Canadian National Instrument 43-101, approved the technical content of this news release.
About IMPACT Silver:
IMPACT Silver Corp. is a successful silver explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 357km2 in central Mexico with excellent infrastructure and labor force. Over the past twelve years over 8.1 Moz of Silver has been produced, generating revenues of $168 million, with no long-term debt. In the historic Royal Mines of Zacualpan Silver District three underground silver mines feed the central 535 TPD Guadalupe processing plant. To the south, in the Mamatla District the Capire processing plant is currently rated at 200 tpd, but is expandable. It is adjacent to an open pit silver mine with a NI-43-101 compliant resource of over 4.5 Moz Silver, 48 million lbs Zinc and 21 million lbs Lead that is awaiting higher silver prices to be restarted. Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI43-101 the Company is required to disclose that it has not based its production decisions on NI43-101-compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
SOURCE IMPACT Silver Corp.
For further information: Jerry Huang, CFO | Investor Relations, (604) 681 0172 or inquiries@impactsilver.com
Related Links www.impactsilver.com
IMPACT Silver Samples 32.8g/t Gold over 1.0 meter at Santa Teresa Gold-Copper Area
El Canelo averages 6.5 g/t Gold over 1.66 meters along 50 meter Strike Length
https://ca.finance.yahoo.com/news/impact-silver-samples-32-8g-164700314.html
CNW GroupSeptember 25, 2018
I'm definitely a big fan at these levels :)
Perseverance and Victory
IMPACT Silver Announces Second Quarter 2017 Financial and Production Results
http://www.newswire.ca/news-releases/impact-silver-announces-second-quarter-2017-financial-and-production-results-641446593.html
Trading Symbol: "IPT: TSX.V"
VANCOUVER, Aug. 22, 2017 /CNW/ - IMPACT Silver Corp. ("IMPACT" or the "Company") announces its financial and production results for the second quarter of 2017.
Fred Davidson, President and CEO, stated, "We started 2017 with a clean balance sheet and no debt along with news that IMPACT was named to the 2017 TSX Venture 50. During the first half of the year, IMPACT invested heavily in upgrading and repairing its capital equipment while also trying to improve its throughput to partially compensate for weaker silver prices. IMPACT is also actively expanding its in-mine exploration and development to provide additional tonnage throughput at the mill. We hope that these efforts will translate into better financial and operating performance in the latter half of the year. We look forward to our ongoing exploration plans at high potential targets and continue to evaluate strategic transactions to continue growing value for our shareholders."
Financial Overview
Revenues remained the same at $8.2 million for the six months ended June 30, 2017 compared to last year mainly due to higher tonnage throughput offset by a drop-in silver prices throughout the year.
Mine operating loss for the six months ended June 30, 2017 was $0.3 million compared to operating earnings of $1.0 million in the comparable period of 2016. Mine operating earnings before amortization and depletion1 was $0.8 million for the six months ended June 30, 2017 compared to $2.1 million in the same period of last year.
Net loss for the six months ended June 30, 2017 was $1.4 million which included $1.9 million of foreign exchange loss and non-cash items of amortization, depletion and share based compensation. This compared to a $0.5 million net loss for the first six months of 2016, which included $1.7 million of foreign exchange loss and non-cash items in amortization and depletion. Excluding foreign exchange and non-cash items, adjusted net earnings for the six months ended June 30, 2017 were $0.5 million compared to $1.2 million in the same period of 2016.
Earnings before interest, taxes, depreciation and amortization2 (EBITDA) decreased to a loss of $0.4 million for the first half of 2017 compared to earnings of $0.9 million in the same period of 2016.
The Company's cash position at June 30, 2017 remains strong at $6.8 million, with net working capital of $8.6 million (2016 - $11.5 million).
During the quarter, the Company completed the sale of its non-active Zacatecas assets (200 tpd mill, 14 hectares surface rights and 10 mineral concessions) to Endeavour Silver Corp. (TSX:EDR, NYSE: EXK) for 154,321 common shares valued at CDN$0.6 million. The Company recorded a gain of $0.3 million on the transaction.
___________________________
1 Mine operating earnings before amortization and depletion is a non-IFRS measure which the Company believes provides additional information regarding how the Company's operations are performing.
2 Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-IFRS measure which the Company believes provides meaningful information about the Company's financial performance.
See "NON-IFRS MEASURES".
Production Overview
Production at the Guadalupe mill during the second quarter of 2017 came primarily from the San Ramon Deeps Mine (41% of total mill feed), the Cuchara Mine (36% of mill feed), the Mirasol Mine (10% of mill feed), and the San Patricio (Chivo) Mine (13% of mill feed). The grade at San Ramon is highly variable and the production at Mirasol ended during the quarter as it reached the end of its mine life and had declining grades. The mining at the San Patricio (Chivo) Mine had lower grades as some of the material was development muck. These factors contributed to a lower grade mill feed in the second quarter of 2017 compared to 2016.
Average mill feed grade for silver was 173 grams per tonne (g/t) in the second quarter of 2017, down from 180 g/t in the same period of 2016.
Silver production decreased to 227,503 ounces in the second quarter of 2017 from 235,990 ounces in comparable period of 2016 due to lower grade feed and temporarily lower silver recovery during the quarter.
Health and Safety Awards
IMPACT's mining team recently received recognition The Award for Excellence in health and safety standards by the Secretary of Labour and Social Welfare in Mexico. This recognition acknowledges the Company's effective working environment, strong relationships with its employees, and reduced workplace accidents, illnesses and absenteeism.
This award and others like it are testaments to IMPACT's dedication to an industry leading standard in health and safety of our staff and contractors.
Exploration
The Company is continuing exploration with the goal of putting some of the 4,500+ compiled old mine workings in the Zacualpan and Capire districts on a faster track to potential production and build mineral inventories for mining. The Company has initiated surface and underground drilling programs to expand resources. Currently, exploration work is focused on larger and higher-grade targets at Alacran and Alacran North. Surface drilling is currently in progress at the San Felipe prospect located near the Guadalupe plant access road.
IMPACT has control of the majority of two entire mineral districts in central Mexico: the Royal Mines of Zacualpan Silver District and the Capire-Mamatla Mineral District adjacent to and southwest of Zacualpan.
IMPACT has a track record of successful exploration and rapid mine development. The Company's long-term vision sees potential for establishing mills throughout the two districts, each fed by multiple mines producing silver-lead-zinc as well as gold and copper.
The Company continues to look for expansion either through ongoing exploration programs and/or strategic acquisitions and transactions.
A recorded conference call reviewing the financial and production results of the second quarter of 2017 will be available on the Company website on August 23, 2017, at www.impactsilver.com/s/ConferenceCalls.asp.
The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.
Additional information about the Company and its operations can be found on the website, www.impactsilver.com.
On behalf of the Directors of IMPACT Silver Corp.,
"Frederick W. Davidson"
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT News Release contains certain "forward-looking" statements and information relating to IMPACT that are based on the beliefs of, and assumptions made by, IMPACT management, following consideration of the information currently available to IMPACT management. Such statements include statements regarding the discovery and commercialization of commercial quantities of minerals, improvements in profitability, increases to processing capacity, expansion of resource quality and quantity, exploration goals, future results, the operational goals and outcomes in the Zacualpan and Capire districts and generally, and future production as a result, expected 2017 drilling and testing operations, IMPACT's exploration program for 2017, the completion and effectiveness of the mining database project and other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, without limitation, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume any obligation to update any forward-looking statement contained herein other than in accordance with applicable law.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under National Instrument 43-101, the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk.
SOURCE IMPACT Silver
For further information: Frederick Davidson - President & Chief Executive Officer, (604) 681-0172 or inquiries@impactsilver.com; Or Jerry Huang, Investor Relations Manager, (604) 681-0172 or inquiries@impactsilver.com
RELATED LINKS
www.impactsilver.com
IMPACT Silver drills more high grade silver at San Ramon Deeps, including 4.12 meters of 1,613 g/t Silver and 11.08 meters of 248 g/t Silver
https://ca.finance.yahoo.com/news/impact-silver-drills-more-high-140000937.html
CNW GroupJanuary 23, 2017
IMPACT Silver continues to drill high grade silver intersections at San Ramon Deeps, including 4.93 meters of 354 g/t Silver and 3.10 meters of 434 g/t Silver
https://ca.finance.yahoo.com/news/impact-silver-continues-drill-high-110000968.html
CNW GroupDecember 13, 2016
Trading Symbol: "IPT: TSX.V"
I think today had alot to do with Deutsch Bank failure to deliver a customers gold Friday. Your gonna see alot more of those failures in the coming weeks.
very nice day. things usually move up in precious metals after labor day. this time it began just hours after labor day ended at midnight monday.
IMPACT Silver Announces Second Quarter 2016 Financial and Production Results
Tue, 23 Aug, 2016 4:30 PM EDT
https://ca.finance.yahoo.com/news/impact-silver-announces-second-quarter-203000924.html
IPT.V 0.81 -0.05
up over $0.75, pushing a buck,
silver pushing twenty,
coming up on the hot season for the metals,
time to listen to some classic bob dylan tunes.
https://www.google.com/search?q=bob+dylan+knockin%27+on+heaven%27s+door&ie=utf-8&oe=utf-8
We should be very pleased they managed to eke out a profit in such a difficult environment.
One thing and one thing only is the key for the share price to get moving -- a sustained rise in the PoS. If it manages to approach $20, time, jump on board with both feet.
Well, being bought out might do it too.
LC
What will it take to make the share price rise?
IMPACT Silver Announces Fourth Quarter and Year Ended December 31, 2015 Financial and Production Results
Press Release: EARNINGS – 21 hours ago
https://ca.finance.yahoo.com/news/impact-silver-announces-fourth-quarter-183400353.html
IPT.V 0.30 -0.02
IMPACT Silver Celebrates 10 Year Anniversary of Continuous Production at the Royal Mines of Zacualpan Silver District and Reports Record Silver Production in 2015
Press Release: SPECIAL NEWS EVENTS – 4 hours ago
https://ca.finance.yahoo.com/news/impact-silver-celebrates-10-anniversary-164100007.html
IPT.V 0.135 +0.01
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 27, 2016) - IMPACT Silver Corp. (TSX VENTURE:IPT) ("IMPACT") is pleased to report that it is celebrating 10 years of continuous production this month at the Royal Mines of Zacualpan Silver District and to announce record silver production in 2015.
IMPACT acquired the Royal Mines of Zacualpan Project in January 2006 as a very small and inefficient operation processing 142 tonnes per day and in need of significant capital investment and overhaul. Bringing new investment, talent and leadership to the operation, within its first year of operation IMPACT increased production to 187 tonnes per day and produced 465,673 silver ounces along with byproduct gold (237 ounces), lead (375 tonnes) and zinc (725 tonnes).
Since then IMPACT has built up the operations with upgraded equipment and expanded mill facilities. All mines in production on the project today were discovered and developed by the IMPACT team.
10 Year Production and Financial Record
As a testament to the value creation the IMPACT team has generated in the last decade, highlights of production and financial data over the past 10 years include:
Millions of Silver Ounces Produced - Production over 10 years (2006-2015) totaled 6,836,561 ounces silver plus byproducts of 6,529 ounces gold, 6,257 tonnes lead and 8,279 tonnes zinc.
Strong Revenue Performance - Total revenues of $129 million from January 2006 to September 2015 with announcement of fourth quarter 2015 revenues still pending.
Exploration to Production of Five Mines - Brought five sites from exploration drilling to development and profitable mining.
No Long Term Debt and Balance Sheet Strength - In an industry where production delays and cost over runs are frequent, IMPACT's team relied on operational cash flow and prudent cost control to finance operations, and quickly and efficiently put new mines into production. Today IMPACT remains debt free with a solid balance sheet and increasing production and generating mine operating income.
Efficient Use of Capital Raised - Financings for the company since 2006 from private placements were $25.5M while Mine Operating Income was over $39.5M. Proceeds from placements, warrants and exercise of stock options totaled $45.1million. IMPACT has generated return on investment for initial investors and share price has seen higher levels as a result of earnings over the last 10 years.
2015 Record Silver Production
In 2015 production reached a record 950,059 silver ounces, an increase of 31% over 2014.
Byproduct production in 2015 was 495 gold ounces, 450 tonnes lead and 266 tonnes zinc.
Processing throughput for the year was 170,509 tonnes.
Average (diluted) mine grade in 2015 was 193 g/t silver, an increase of 21% over 2014, principally from high grade mineral sourced from the San Ramon Deeps Mine which zone continues to expand with ongoing drilling (see IMPACT News Release dated January 12, 2016 for details).
Byproduct grades in 2015 averaged 0.13 g/t gold, 0.31% lead and 0.70% zinc.
Fred Davidson, President and CEO of IMPACT Silver, stated, "Ten years of continuous production at Zacualpan is a great milestone. I congratulate all our employees and contractors, past and present, on this proud achievement. From our modest beginnings in 2006, the IMPACT team has built up the operations year by year and as a crowning achievement saw record production in 2015 of nearly one million ounces of silver. Currently we are in a tough metals market but the Zacualpan operations have weathered downturns in the past and we will continue our efforts to weather this downturn through the exceptional skills and dedication of our team to keep costs low, and we are blessed with high grade silver zones in the ground on our 100% owned land package. We will continue to focus on growth opportunities and generation of value for our shareholders in the coming next decades."
George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release.
About IMPACT Silver:
IMPACT Silver Corp. is a silver producer with two processing plants on two adjacent projects within its 100% owned mineral concessions totaling 357km2 in central Mexico: the Guadalupe Production Centre and the Capire Processing Plant. At Guadalupe, three underground silver mines, feed the central 500 TPD processing plant located within the historic Royal Mines of Zacualpan Silver District. At Capire, the 200 TPD processing plant and open pit silver mine are on care and maintenance waiting for a recovery in silver prices. Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com.
On behalf of IMPACT Silver Corp.
Frederick W. Davidson
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company, and in the track record of mineral production and financial returns of the Company since 2006. Under NI43-101 the Company is required to disclose that it has not based its production decisions on NI43-101-compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
Contact:
IMPACT Silver Corp.
Jerry Huang
Investor Relations Manager
(604) 681 0172
inquiries@impactsilver.com
www.IMPACTSilver.com
IMPACT Silver Announces an Updated Mineral Resource Estimate at Capire; Base Case Outlines 4.5 Million ozs Silver in a Pit-Constrained Scenario with Additional Mineralization at Depth
Press Release: MINING EXPLORATION UPDATE – Mon, 18 Jan, 2016 4:30 PM EST
https://ca.finance.yahoo.com/news/impact-silver-announces-updated-mineral-213000563.html
IPT.V 0.12 0.00
IPT management has one job right now -- survive until silver prices rebound, which will not happen until gold prices take off.
Management won't be cheered by reading this post -- http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118156838
LC
Seems like this one is done...........no interest, no growth, not much news.
IMPACT Silver Announces First Quarter 2015 Financial and Production Results
Press Release: EARNINGS – 6 hours ago
https://ca.finance.yahoo.com/news/impact-silver-announces-first-quarter-155900746.html
IPT.V 0.205 -0.035
Darn right Lone Clone. The government and the banks will own all the mines lock stock and barrel if they aren't stopped.
I profiled Impact Silver on my Mining and Metals Board (linked in footer below) and included a copy here in case anybody wants to use it.
Look under the chart, and you'll see this:
chart]stockcharts.com/c-sc/sc?s=IPT.V&p=D&yr=1&mn=0&dy=0&i=p17637245099&r=1424116697469[/chart]
All you have to do to complete the code is add the missing [ at the front of the string and it will display the full chart. GL LC
And they had better hope the price of silver goes up before too long or they are going to run out of money.
(I've have been a shareholder for almost 10 years.)
LC
ISVLF Impact Silver (.21) IMPACT has control of the majority of two large mineral districts in central Mexico: the Royal Mines of Zacualpan Silver District and the Capire-Mamatla Mineral District adjacent to and southwest of Zacualpan. The Company currently produces silver with lead, zinc and gold at its 500 tonne per day Guadalupe processing plant in the Royal Mines of Zacualpan District.
In 2014 Impact produced 725,733 ounces of silver.
http://web.tmxmoney.com/article.php?newsid=74648571&qm_symbol=IPT:TSV
Website: http://www.impactsilver.com/s/Home.asp
Pinksheets: http://www.otcmarkets.com/stock/ISVLF/quote
TSX: http://web.tmxmoney.com/quote.php?qm_symbol=IPT:TSV
IHUB: http://investorshub.advfn.com/boards/board.aspx?board_id=7290
chart]stockcharts.com/c-sc/sc?s=IPT.V&p=D&yr=1&mn=0&dy=0&i=p17637245099&r=1424116697469[/chart]
xxx
I wouldn't hold my breath for a PM rally right now, though when it does finally come around, silver will definitely lead the way.
The big question for IPT right now is whether it will survive. The odds are pretty good as they have top notch management, but like most of the silver miners they will be in trouble if we get another year like the last few.
If IPT does survive long enough for the next silver bull it will be a good choice IMO.
LC
I'm thinking silver is at a bottom. If it starts up soon, it could go up fast. Is this company a good investment if silver climbs? I have a little position now.
IMPACT Silver Reports Results for the Year Ended Decembers 31, 2014
Press Release: EARNINGS – Thu, 9 Apr, 2015 9:00 AM EDT
https://ca.finance.yahoo.com/news/impact-silver-reports-results-ended-130000913.html
IPT.V 0.225 +0.01
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 9, 2015) - IMPACT Silver Corp. ("IMPACT" or the "Company") (TSX VENTURE:IPT) announces its audited financial and production results for the three months and year ended December 31, 2014. Overall, silver production and grade increased, but revenues decreased in 2014 relative to 2013 mainly due to the continuing weak silver prices. The Company had a net loss of $3.5 million for the year including $2.5 million in depreciation and amortization, down from an $8.5 million loss in 2013.
The information in this news release should be read in conjunction with the Company's audited Consolidated Financial Statements and Management's Discussion and Analysis, available on the Company website and on SEDAR.
Financial Overview
Revenues of $12.0 million for the year 2014, compared to $14.1 million in 2013, as revenue per tonne was approximately 12% lower than last year due to lower metal prices.
Production Overview
In 2014, with continued pressure on metal prices, the Company revised its mining plans and commenced development on the higher grade Mirasol mine. More importantly during the second quarter, underground drilling from the bottom levels of the San Ramon mine discovered new high grade silver zones in the San Ramon Deeps area. Mining of the high grade San Ramon Deeps zones began in the third quarter and is the main contributor to the increase in average overall mined silver grade since then.
This resulted in higher grade mill feed in the fourth quarter with average head grade at 180 g/t compared to 137 g/t in the first quarter of the year. With production materials being drawn from several mines with different feed grades, mine production can vary from quarter to quarter; however, mining is now focused on three higher grade mines.
Silver sales were 221,684 ounces in the fourth quarter of 2014, an increase over the 165,139 ounces sold in the same period of 2013. Silver sales decreased for 2014 to 701,878 ounces compared with 717,334 ounces sold in 2013. The decrease in silver price contributed to the decrease in revenue from the fourth quarter of 2014 compared to the same period in 2013 even though the Company had increased silver sales in the fourth quarter.
The Company's lower revenue in the fourth quarter of 2014 of $68.75 per tonne, a decrease from $74.43 per tonne from the same period in 2013 despite higher grades, are a result of lower realized metal prices and slightly higher smelting and refining charges. The lower silver price also affected the annual revenue per tonne as it decreased to $74.17 per tonne for the year compared with $84.27 per tonne. A cost saving program initiated during the year reduced direct costs per tonne in the fourth quarter to $67.64 and for the year to $69.26.
The Company's financial position at December 31, 2014 is restricted with $0.6 million in cash and net working capital of $3.8 million down from $6.9 million in 2013. The Company had negative cash flows from operations before changes in non-cash working capital of $0.7 million for the year ended December 31, 2014. This compares to cash flow generated from operations before changes in non-cash working capital of $0.6 million in the same period of 2013.
IMPACT Silver Corp. owns two processing plants within its 100% owned land package in south-central Mexico: the Guadalupe Production Centre and the Capire Production Centre. At Guadalupe, three underground silver mines feed the central 500 tonnes per day processing plant located within the historic Royal Mines of Zacualpan Silver District. At Capire, the processing plant is potentially available to supplement the processing of gold and copper mineralization from the Carlos Pacheco/San Juan Project when circumstances warrant it. Additional information can be found on the Company website at www.IMPACTSilver.com.
A recorded conference call reviewing the financial and production results of the year ended December 31, 2014, will be available on the Company's website on Friday, April 10, 2015.
On behalf of the Directors of IMPACT Silver Corp.,
"Frederick W. Davidson"
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI43-101 the Company is required to disclose that it has not based its production decisions on NI43-101-compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
Contact:
IMPACT Silver Corp.
Jerry Huang
Investor Relations
(604) 681 0172
inquiries@impactsilver.com
Net loss of $3.5 million for the year, included $2.5 million in depreciation and amortization.
Mine operating earnings before amortization and depreciation at the Guadalupe mill were $0.74 million, compared to $2.7 million in the prior year, while limited operations early in the year at the Capire resulted in a $0.76 million operating loss before amortization and depreciation for 2014. Capital expenditures were $2.6 million during the year, primarily related to the Capire project and limited development expenditures, down from $12.1 million in 2013. As at December 31st cash was at $0.6 million; however, the programs were completed without incurring any debt financing.
Silver production increased 39% to 213,928 ounces for the fourth quarter of 2014 from 153,512 ounces in the same period of 2013 reflecting the improved grades coming from San Ramon and Mirasol. For the year, silver production increased 6% to 725,733 ounces in 2014 from 682,526 ounces in 2013.
Average mill feed grade for silver increased in the fourth quarter of 2014 to 180 grams per tonne (g/t) from 151 g/t in the fourth quarter of 2013, which was reflected in the higher production for the comparative periods. Average mill feed grade for the year was up 1% to 159 g/t in 2014 from 158 g/t in 2013.
Total tonnes milled during the fourth quarter of 2014 increased to 41,803 from 36,655 in the fourth quarter of 2013.
The Cuchara-Oscar mine was put into production in February 2013 and contributed 53% of mill feed for the fourth quarter of 2014 up from 32% of total mill feed for 2013. The higher grade Mirasol mine and the San Ramon Deeps provided development muck in the fourth quarter, while the lower grade Noche Buena was put on stand-by.
ISVLF,,,present share structure per co. website
http://www.impactsilver.com/s/Share_Structure.asp
Number of Shares Exercise Price Expiry Date
Issued & Outstanding Common Shares
68,128,244
Stock Options
900,000
$1.10
December 6, 2015
2,000,000
$1.85
September 26, 2016
2,500,000
$1.20
January 23, 2018
1,310,000
$0.55
January 6, 2019
Fully Diluted at September 30, 2013
74,838,244
IMPACT Silver Reports Additional Wide & High Grade Drill Intercepts at San Ramon Deeps; Expands Scope of Mining Plans on New Silver Vein
Intersections Include 1,025 g/t Silver Over 2.84 Meters Within 552 g/t Silver Over 5.80 Meters
Press Release: MINING EXPLORATION UPDATE – 2 hours 3 minutes ago
https://ca.finance.yahoo.com/news/impact-silver-reports-additional-wide-162200075.html
IPT.V 0.21 +0.02
The time to buy is when there is no interest. Once the number of posts begins to multiply, it's time to sell.
In the case of IPT, that will be if and when the price of silver starts to run.
LC
that's too bad
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IMPACT Silver Corp. is a silver producer with an extensive portfolio of advanced silver projects in Mexico. The Company currently produces silver from multiple mines and a 500 tonnes per day processing plant at the Royal Mines of Zacualpan. With mining operations having been profitable from the first day of production and continuing to be profitable even at lower metal prices, IMPACT has distinguished itself as a respected precious metals producer.
IMPACT plans to grow into a premier producer of silver through internal growth and now controls over 623 km2 in the Zacualpan Districts realizing its goal of consolidation in the surround areas. The Company owns the 272km2 Royal Mines of Zacualpan Silver District, the 200km2 Mamatla District and the Zacatecas Silver Project as well as the most recent 150 km2 Southeast Mineral Concessions to its project portfolio through additional external acquisitions.
On November 17th 2009, the Company announced it's first 43-101 resource definition in the Mamatla Silver District, outlining the combined Capire and Aurora 1 Measured and Indicated Mineral Resources estimates at 7.2 million ounces silver, 94.3 million pounds zinc and 38.8 million pounds lead This mineral estimate only covers %0.1 (0.2 sq km) of the 200 sq km Mamatla Silver District (see November 17th 2009 news release or go to Mamatla District under the Projects tab for more information). An updated NI 43-101 Mineral Resource Estimate is currently being prepared.
VISION AND OBJECTIVES VISION: To aggressively build IMPACT into a premier producer of silver. | ||
Click here for: PDF Brochure |
Directors & OfficersIMPACT's management is a diverse team of experienced, entrepreneurial professionals with a strong background in mineral exploration, mine development, international business, financing and management. Fred Davidson, C.A. - President, CEO OfficesHead Office Legal CounselBoughton Law Corporation AuditorsPricewaterhouseCoopers LLP Transfer AgentComputershare Investor Services |
http://www.impactmin.com/s/StockInfo.asp | http://www.impactmin.com/s/NewsReleases.asp |
http://www.impactmin.com/s/ContactUs.asp | http://www.impactmin.com/i/pdf/CorporatePresentation.pdf |
IMPACT Silver quick facts (Sent via email by IR):
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