IMPACT Silver Corp. (“IMPACT” or the “Company”) announces its financial and operating results for Q3 2020, period ending September 30, 2020.
The Company reported $4.8 million in revenues for Q3 2020 compared to 2019 at $3.5 million due to improved metal prices and ongoing operational efficiencies. Most notably, the Company delivered strong net income of $0.9 million, and EBITDA of $1.4 million, representing a 28% EBITDA margin. This is a stark contrast to a net loss $0.2 million and EBITDA of $0.3 million in Q3 2019. Mine operating earnings before amortization and depletion were $2.1 million in Q3 2020 compared to $0.7 million in Q3 2019.