IMPACT Silver Corp. (IPT:CA) Q3 2025 Earnings Call Transcript

Jerry Huang
Chief Financial Officer

Good day, ladies and gentlemen. Welcome to IMPACT Silver’s Q3 2025 call period ending September 30 financial and production results conference call. Before we begin, we would like to go over our disclosure policy, followed by Mr. Fred Davidson’s comments about the quarter’s results and the Q&A period. Certain statements in the following conference call regarding IMPACT Silver’s business operations may constitute forward-looking statements. Such statements are not historical facts, but are predictions about the future, which inherently involves risks, uncertainties and could cause actual results to differ materially from those contained in the forward-looking statements.

I would like to now turn over to President and CEO of IMPACT Silver, Mr. Fred Davidson.

Frederick Davidson
President, CEO & Director

Thanks, Jerry. The third quarter was quite an interesting one for the company for a variety of reasons, both operationally and financially. The results for the quarter in terms of revenue was up to $10.7 million compared to $8.6 million for the comparable quarter in 2024. That improvement in revenue has obviously resulted from higher silver prices during the period. And then on the other side, the bottom line improved as well fairly substantially. We had a loss in 2024 for the quarter of $3.1 million and the net loss in 2025 for the quarter was $0.6 million, mostly as a result of a very aggressive exploration program that we were working on during the third quarter.

Highlight of the period was Zacualpan, and that’s our silver lead zinc mine. It’s been — its revenue was $8.7 million, and that’s up from $6.1 million from the prior — the comparative period. That’s an 8% increase. And that was, quite frankly, with