Projects

Production currently comes from three operating mines. The Chivo (La Virgen Valley), San Ramon (La Virgen Valley) and the Noche Buena mine currently feed a central processing plant rated at 500 tonnes per day ("tpd"). Since 2006, IMPACT has significantly increased production and generated consistent annual profits with a target of over 1 million ounces pure silver production in 2012 and onwards.

	YE 2011	YE 2010	YE 2009	YE 2008	YE 2007	YE 2006	% Change
Total tonnes produced (t)	154,289	131,348	114,340	102,426	99,918	68,173	+126%
Total tonnes per day (t)	424	360	313	280	274	196	+116%
Silver (oz)	833,607	750,259*	823,571	645,668	349,949	465,673	+79%
Lead (t)	731	734	969	813	601	375	+95%
Zinc (t)	1,248	1,212	1,098	1,053	976	725	+72%
Revenue per production tonne sold	$171	$123	$110	$90	-	-	+90%
Direct cost per tonne sold	$70	$63	$60	$55	$44	$60	+17%

*Silver production was marginally down 9% because the Company reduced the cut-off grade of the ore mined due to higher silver prices during the fiscal year.

FINANCIAL PERFORMANCE