IMPACT Silver Corp. reported consolidated revenue of $22.0 million for the second quarter ended June 30, 2026, representing a 124% increase compared to $9.8 million in Q2 2025.

The revenue growth was driven by higher realized silver prices and improved grades at the Royal Mines of Zacualpan operation in central Mexico. Silver equivalent production from the Guadalupe Complex increased 39% to 221,385 ounces, compared with 159,298 ounces a year earlier. Average silver head grades rose 31% to 207 g/t, up from 158 g/t.

Gross profit reached $8.7 million, compared with $1.0 million in Q2 2025. Net income improved to $2.8 million, or $0.01 per share, reversing a net loss of $2.0 million in the prior-year period. For the first six months of 2026, consolidated revenue grew to $53.1 million from $20.5 million, with gross profit totaling $29.1 million and net income reaching $14.1 million.

The company closed the quarter holding $52.2 million in cash, $52.2 million in working capital, and no long-term debt. During the period, 4.0 million share purchase warrants were exercised for proceeds of $1.4 million.

At the Plomosas operation in northern Mexico, where underground mining was temporarily suspended in March 2026, the company generated $3.4 million in revenue during the quarter from stockpiled mineral, third-party gold-bearing mineral, and lead oxide recovered from tailings. Plomosas recorded a gross loss of $2.0 million after operating expenses of $5.2 million, which included $1.8 million for third-party mineral alongside severance and closure costs. IMPACT continues to evaluate options for Plomosas, including processing third-party feed to support a future restart.

“Our second quarter results reflect the benefit of higher silver prices combined with improved grades from the Kena vein at Zacualpan, which together drove a substantial increase in revenue and a second consecutive quarter of significant net income. With $52.2 million in cash, no long-term debt, and strong cash flow from Zacualpan, we are well positioned to continue optimizing our flagship operation, advance exploration at both Zacualpan and Plomosas, and evaluate the potential rehabilitation of the Capire mill, all while we look for opportunities to further build shareholder value.”

— Fred Davidson, President & CEO

The company is reassessing the potential restart of silver production and the rehabilitation of the processing mill at the Capire Project. Exploration programs also remain active across the Zacualpan district, targeting high-grade zones including the Kena, Carlos Pacheco, and Noche Buena veins.

Read the full announcement: IMPACT Silver Reports Q2 2026 Results: Revenue Increased by 124%, Gross Profit up 756% on Silver Leverage, Higher Grades