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Last C$0.21 CAD
Change Today -0.005 / -2.38%
Volume 894.0
IPT On Other Exchanges
Symbol
Exchange
OTC US
Venture
Frankfurt
As of 10:19 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

impact silver corp (IPT) Snapshot

Open
C$0.21
Previous Close
C$0.21
Day High
C$0.21
Day Low
C$0.21
52 Week High
06/20/14 - C$0.70
52 Week Low
03/16/15 - C$0.15
Market Cap
14.0M
Average Volume 10 Days
12.1K
EPS TTM
C$-0.05
Shares Outstanding
68.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IMPACT SILVER CORP (IPT)

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impact silver corp (IPT) Details

IMPACT Silver Corp. is engaged in the exploration, development, and mining of silver properties in Mexico and the Dominican Republic. The company also produces lead, zinc, and gold, as well as explores for precious metals and other mineral resources. It primarily owns controlling interests in the 423 square kilometer Royal Mines of Zacualpan Silver District and the 200 square kilometer Capire-Mamatla Mineral District. The company is headquartered in Vancouver, Canada.

impact silver corp (IPT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$164.0K
Chief Financial Officer
Total Annual Compensation: --
Vice President of Exploration and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

impact silver corp (IPT) Key Developments

IMPACT Silver Corp. Announces Audited Financial Results for the Full Year and Production Results for the Fourth Quarter and Full Year and Year Ended December 31, 2014

IMPACT Silver Corp. announced audited financial results for the full year and production results for the fourth quarter and full year 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. Revenues were $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. 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. 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. 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. 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. 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. 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. 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. For the year, silver production increased 6% to 725,733 ounces in 2014 from 682,526 ounces in 2013. Average mill feed grade for the year was up 1% to 159 g/t in 2014 from 158 g/t in 2013. 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 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 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.

IMPACT Silver Corp., Q4 2014 Pre Recorded Earnings Call, Apr 10, 2015

IMPACT Silver Corp., Q4 2014 Pre Recorded Earnings Call, Apr 10, 2015

IMPACT Silver Corp. Auditor Raises 'Going Concern' Doubt

IMPACT Silver Corp. filed its Annual on Apr 09, 2015 for the period ending Dec 31, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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