IMPACT Silver Announces Second Quarter 2015 Financial and Production Results - Seite 2

Production Overview

• Silver production was 218,380 ounces for the second quarter of 2015, up 43% from 152,595 ounces in the same period of 2014.
  
  
• Average mill feed grade for silver in the second quarter of 2015 was 181 g/t, an increase of 27% compared to 142 g/t in the second quarter of 2014.
  
  
• Total tonnes milled during the second quarter of 2015 increased 8% to 42,300 from 39,015 in the comparable quarter of 2014, and 3% from 41,046 in the first quarter of this year.
  
  
• Higher grade production at the Guadalupe mill during the second quarter of 2015 resulted from higher grade mill feed from the San Ramon Deeps Mine and the Mirasol Mine. The San Ramon Deeps Mine contributed 41% of the mill feed in the second quarter of 2015. The Mirasol Mine contributed 14% of the total mill feed in the same period.

Silver sales were 209,832 ounces in the second quarter of 2015, a 60% increase from the 131,102 ounces sold in the same period in 2014. Silver prices continue to be low, with the average for the second quarter of 2015 down 16% from the same period last year. As a result, the Company's revenues decreased to $66.37 per tonne in the second quarter of 2015, from $70.53 in the second quarter of 2014. Year-to-date, the higher grade production and increased sales offset the effect of low silver prices, yielding revenue per tonne of $77.84 in the first six months of 2015, compared to $71.87 in the same period of 2014.

Over the past two years, IMPACT implemented some significant changes to its mining activities to address low silver prices. Silver production continues to transition to new mines to take advantage of their higher grades in response to lower metal prices. Plans are to further increase production from these higher grade zones for the balance of 2015. In the longer term, subject to improved metal prices, management also intends to produce gold and copper at Carlos Pacheco South and San Juan.

Exploration goals continue to focus on developing the 4,000+ compiled old mine workings in the Zacualpan and Capire districts to potential production and build mineral inventories for mining. Specifically, the team is developing larger and higher grade targets close to current production areas at Alacran North and Guadalupe South.

With a track record of successful exploration, rapid mine development and numerous old mine workings identified to date as exploration targets, the Company's long term vision sees potential for establishment of multiple mills throughout the two districts, each fed by multiple mines producing silver-lead-zinc as well as gold and copper.