|IMPACT Silver Corp. (“IMPACT” or the “Company”) is pleased to announce its financial and production results for the year ended December 31, 2016.
Fred Davidson, President and CEO, stated, “Recently, IMPACT was named to the 2017 TSX Venture 50. In 2016, our stock achieved over 442% returns from an all-time low in the year. Over the past decade, I have seen IMPACT bring six mines from exploration to production through organic cash flow and continue to operate through challenging economic times. Operationally, the Company continues to improve its mine operating income, achieving income of $1.4 million in 2016 compared to a loss of $0.1 million in 2015. EBITDA1 improved to $0.7 million in 2016 from $0.4 million in 2015. The Company continues to achieve positive cash flows in each quarter of 2016. We continue to focus on improving profitability by increasing our processing capacity, expanding our resources, and carrying out an exploration program which will include drilling a number of key targets, all made possible by capital raised from supportive long-term investors who share our vision. We are excited to continue to deliver even more shareholder value in 2017.”