Canada · Delayed Price · Currency is CAD IMPACT Silver Earnings Call Transcripts
Fiscal Year 2026
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Revenue and net income reached record highs, driven by strong silver prices and high-grade output at Zacualpan. Plomosas development paused, while Capire restart is delayed to 2027 pending technical upgrades. Cash reserves remain robust, supporting future growth initiatives.
Fiscal Year 2025
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Annual revenue rose 52% to $48.5 million, with Zacualpan driving strong Q4 results and gross profit. Plomosas was temporarily suspended due to resource issues, but cost reductions and new ore processing contracts are expected to support profitability.
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Revenue grew 24% year-over-year to $10.7 million, with net loss narrowing to $0.6 million as higher silver prices and operational improvements offset exploration costs. Strong cash position and no debt support ongoing production ramp-up, exploration, and potential acquisitions.
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Q2 2025 saw a 27% revenue increase year-over-year, driven by higher production and commodity prices, with significant cost reductions at both Zacualpan and Plomosas. Development delays and IFRS accounting impacted reported earnings, but cash flow remains strong.
Fiscal Year 2024
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Revenue surged 81% year-over-year, driven by Plomosas ramp-up and strong metal prices. Net loss narrowed, margins improved, and further production growth is expected as Plomosas increases capacity and Zacualpan recovers from disruptions.
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Q2 2024 saw a 40%+ revenue increase and reduced mining losses, driven by higher production and aggressive exploration. Operational costs rose due to one-time union settlements and FX, but strong cash reserves and no long-term debt support ongoing expansion.