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IMPACT Silver posts net loss in third quarter, notes lower silver prices and higher costs

From kitco.com

IMPACT Silver (TSXV: IPT) reported today that its Q3 2022 silver sales were 169,835 ounces (Q3 2021 - 147,597 ounces), an increase of 15%. However, the company said that despite higher grades and silver production, lower silver prices of 15% resulted in a drop in revenue to $3.8 million in Q3 2022, down from $4.1 million in Q3 2022. The company's mine operating loss before amortization and depletion for Q3 2022 was $0.1 million compared to $0.8 million income in Q3 2021, due to lower silver prices and higher costs. Net loss for Q3 2022 was $1.2 million compared to net income of $0.04 million in Q3 2021. "It is our ... (full story)

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  • Category: Fundamental Analysis