IMPACT Silver Announces Third Quarter 2016 Financial and Production Results

http://www.impactsilver.com/s/NewsReleases.asp?ReportID=771201&_Type=News-Releases&_Title=IMPACT-Silver-Announces-Third-Quarter-2016-Financial-and-Production-Results

IMPACT Silver Corp. (“IMPACT” or the “Company”) is pleased to announce its financial and production results for the nine months ended September 30, 2016.

Fred Davidson, President and CEO, stated, “IMPACT continues to focus its efforts on upgrading mining operations, improving efficiency, and sourcing superior grade feed from its mines in order to keep production economical and adapt to price fluctuations. Operationally, the Company continues to improve its mine operating income, achieving income of $1.6 million in the first three quarters of 2016 compared to a loss of $0.2 million in 2015. EBITDA improved 400% to $0.8 million in the first three quarters of 2016 from $0.02 million in 2015. The Company continues to achieve positive cash flows in each quarter of 2016. IMPACT is managing a lean operation during these challenging times in the mining industry. Our immediate goal is to enhance profitability in the next few quarters through: increasing our processing capacity, expanding our reserves, and carry out an exploration program which will include drilling a number of key targets.

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