Impact Silver Corp (ISVLF)

[sumisu]

IMPACT Announces Second Quarter Results

Monday August 27, 8:00 am ET

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2007) - IMPACT Silver Corp. (TSX VENTURE:IPT - News; "IMPACT" or "the Company") is pleased to announce its results for the quarter ended June 30, 2007. The Company's consolidated financial statements include the results of the Royal Mines of Zacualpan Project ("Zacualpan") that was purchased on January 16, 2006 and resumed production on January 18, 2006. For the 2007 second quarter, the Company's net revenues were $1,677,000 (2006 - $1,977,000) and net loss of $48,000 (2006 - $103,000). Year to date net revenues were $3,536,000 compared to $3,124,000 for the same period in 2006 with net earnings of $219,000 compared to $75,416 in the first half of 2006. The Company's loss for the quarter included a provision for foreign exchange losses of $172,000 compared to a gain in the comparative period in 2006 of $158,000.

The comparative results for the second quarter of 2006 have been restated in accordance with the recommendations contained in CICA handbook 1506.42. While there has been no change to the net income for the 2006 year, there was a significant timing difference and its impact on net income for the comparative 2006 second quarter earnings as a result of the restatement of the forward sales contract liability incurred during the acquisition of the Zacualpan mine.

In the second quarter of 2007, the Company achieved higher levels of throughput at the Zacualpan mine, averaging 279 tonnes-per-day ("tpd"). The amount of silver produced in the quarter was 13% lower, however production in lead increased 95% and zinc by 74% over the comparable quarter in 2006. The number of total tonnes processed also increased by 75%.

Production

[continued in following link]

http://biz.yahoo.com/ccn/070827/200708270409612001.html?.v=1