IMPACT Silver Announces First Quarter 2016 Financial and Production Results

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 30, 2016) – IMPACT Silver Corp. (TSX VENTURE:IPT) (“IMPACT” or the “Company”) is pleased to announce its financial results for the three months ended March 31, 2016.

Fred Davidson, President and CEO, stated, “Despite lower average silver prices in Q1 2016 compared to Q1 2015, the Company managed to increase production by 9% and reduce its operating expenses by 6% or $0.2 million over the same period last year. The Company’s strategy of focusing on higher grade mineral on both the exploration and production fronts is proving effective. Our production performance during the first quarter 2016 continues to demonstrate IMPACT Silver’s success and viability as a proven explorer and producer. In combination with stringent cost controls and improving grades, we achieved positive operational cash flow and positive EBITDA of $0.2 million this quarter. Despite lower silver prices persisting in 2016, our focus on profitability and higher grade zones of silver at San Ramon continues to keep IMPACT as a self-sufficient and enviable producer in the Mexican silver space.”

 

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