|November 25, 2014|
IMPACT Silver Announces Third Quarter 2014 Financial and Production Results
|IMPACT Silver Corp. ("IMPACT" or the "Company") announced today its financial results for the nine months ended September 30, 2014. 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. |
Fred Davidson, President and CEO, stated, "Our production performance during the third quarter was very positive compared to Q2. We generated higher production ounces and overall grades, which combined with stringent cost controls, enabled us to achieve significantly improved operating results despite the 14% drop in silver prices in 2014. Our near-term strategy in this low pricing environment is to continue to focus on higher grade zones of silver and gold close to active mining operations such as Cuchara-Oscar and San Ramon to ensure IMPACT continues to generate solid cash flow as the market stabilizes. While we remain focused on efficient operations, if the price for silver remains at current levels the Company will be looking at opportunities to improve its balance sheet and to fund future development through possible financing and/or acquisition or merger.
Overview for the Quarter Ended Sept 30, 2014
A recorded conference call reviewing the financial and production results of the three months ended September 30, 2014 will be available on the Company website on November 26th, 2014, at www.impactsilver.com/s/ConferenceCalls.asp.
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. Additional information can be found on the Company website, www.IMPACTSilver.com.
On behalf of the directors of IMPACT Silver Corp.,
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Investor Relations Manager
(604) 681 0172 or firstname.lastname@example.org
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.
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.
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