IMPACT Silver (IPT) Q4 2024 earnings summary

Executive summary

• Achieved record revenue of $31.9 million in FY 2024, up 53% year-over-year, with a return to net profit in Q4 2024 after years of integration and rehabilitation at Plomosas.

• Transitioned from a near pure-play silver producer to a diversified silver, zinc, and lead producer with significant production ramp-up at Plomosas.

Financial highlights

• Q4 2024 revenue nearly doubled to $10.2 million, driven by increased Plomosas production and a 24% rise in gold sales at Zacualpan.

• Q4 2024 net income reached $1.6 million, reversing a net loss of $9.3 million in Q4 2023.

• Ended 2024 with $7.1 million in cash, $9.0 million in working capital, and no long-term debt.

• Mine operating earnings in Q4 2024 increased by $3.6 million to $1.1 million year-over-year.

Outlook and guidance

• Management expects direct costs per production tonne to remain stable in 2025 after a 4% decrease in Q4 2024.

• Plans to focus on improving production, grade, and operational efficiencies at both Zacualpan and Plomosas.

• Exploration and development to continue at both sites, with strategic options under review for the Capire open-pit mine.