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Re: News Release - Thursday, April 19, 2007
IMPACT Reports $2.4 Million in Operating Earnings for 2006
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IMPACT Silver Corp. (IPT: TSX.V) ("the Company") is pleased to announce
its results for the year ended December 31, 2006. The Company's
consolidated financial statements include the results of Royal Mines of
Zacualpan Project ("Zacualpan") that was purchased on January 16, 2006.
For the year 2006, the Company's net earnings per share (EPS) were
$0.03.
FULL YEAR RESULTS (CDN$ 000'S EXCEPT PER-SHARE AMOUNTS)
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Full Year, 2006
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Revenue 7,006
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Mine Operating Earnings 2,407
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Net Income 973
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Earnings per Share - basic 0.03
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- diluted 0.02
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The Company's first full day of production was January 18, 2006.
Average mill through-put during the year was 196 tons per day (tpd).
Revenues for the 50-week period from January 16, 2006 were $7,005,793.
Mine operating earnings for the 50-week period were $2,406,827. Total
tonnes mined since January 18 to the end of 2006 are 68,173 tonnes or
16,000 tonnes (30%) more than previous year's production. On site
operating costs were $59.55 per tonne.
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Full Year, 2006
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Total Tons Produced 68,173
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Tons Produced per Day 196
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Silver Production (Oz) 465,673
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Lead (t) 375.43
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Zinc (t) 725.20
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Cdn.$ direct costs per ton $59.55
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REPORT ON MINING OPERATIONS
Guadalupe Mine
During 2006, mining of medium grade mineral at the Guadalupe Mine
continued principally on the 195m Level exploiting the Lipton, Lipton
del Bajo Paulina, Intermediate and Liptonia Veins. In late 2006,
mining also began to exploit the Liptonia Vein on the 140m Level. With
the addition of a Mine Geologist and Mine Surveyor, the Guadalupe Mine
is being extensively remapped and explored. Material from the
Guadalupe Mine is brought to surface on a skip and transported
approximately only 100m to the plant. Guadalupe will continue to be a
major source of feed for the plant through 2007.
La Gallega (Salvadora) Mine
Success in exploration drilling earlier in the year led to the
commencement of mining in November 2006 from the Gallega adit. Mining
began on the high grade Salvadora stopes. Subsequent to year end,
mining also commenced on the Lipton Vein and the recently discovered
San David Vein is now being prepared for production as well. Material
is transported by truck from Gallega approximately 500m to the mill and
is forming an increasingly important source of mill feed.
San Ramon
At year end 2005, mining by the previous owner was down to Level 8 at
the high grade San Ramon Mine. Since January, IMPACT continued mining
remnant high grade (2000g/t+ silver) mineral on Level 8 and continued
mining medium grade mineral from Levels 7 and 8; both levels are 10 to
12m apart. The ramp reached Levels 9 and 10 and mining from this area
was completed during the month of November. Material from San Ramon
was brought to surface on a spiral ramp and trucked from the mine to
the central processing plant. Further mining from San Ramon will be
deferred until a lower adit (a second access) is completed that will
significantly reduce underground and surface hauling costs.
In aggregate, the Royal Mines of Zacualpan now employs a proactive
approach to operations and maintenance. Immediate results from the
changes include improved worker morale, stronger community support, a
significant decrease in operating downtime as well as overall
improvements in operating costs and metal recoveries. For 2007, an
additional US$1 million has been budgeted to be used towards further
upgrades, new equipment purchases and expansion of the operations.
IMPACT Silver Corp. is a Tier 1 silver focused Mexican mining and
exploration company with two producing silver mines at the 125 km2
Royal Mines of Zacualpan silver district; a 100% interest in the 200km2
Mamatla silver district; and seventeen advanced-stage silver projects,
along with an option to purchase a producing mill at Zacatecas.
Energold Drilling Corp. (EGD:TSX.V) owns 6.6 million shares of IMPACT.
"Frederick W. Davidson"
President, CEO
For further information, please contact:
Darrell Rader, Corporate Development
Telephone: 604-681-9501
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
900-543 Granville St.
Vancouver, BC Canada V6C 1X8
Telephone 604 681-9501
Facsimile 604 681-6813
www.IMPACTSilver.com
inquiries@IMPACTSilver.com
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Copyright (c) 2007 IMPACT SILVER CORP. (IPT) All rights reserved. For
more information visit our website at http://www.impactsilver.com/ or
send mailto:inquiries@impactsilver.com
Message sent on Thu Apr 19, 2007 at 12:57:40 PM Pacific Time
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