IMPACT Silver (TSE:IPT) has released an update.

IMPACT Silver Corp. reported a 27% increase in revenue to $20.8 million for FY 2023, driven by significant growth in gold and lead sales, despite facing strong inflationary pressures and a robust Mexican Peso that led to an operating loss. The company, which added the Plomosas high-grade zinc-lead-silver mine to its portfolio, is working to reach full production capacity there by late 2024. With a healthy balance sheet featuring $8.3 million in cash and no debt, IMPACT Silver aims to leverage its assets for improved profitability and growth in the upcoming year.

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