IMPACT Silver ( (TSE:IPT) ) has provided an update.
IMPACT Silver Corp. reported record revenue of $31.9 million for the fiscal year 2024, marking a 53% increase from the previous year, and a return to net profit in Q4. The company’s strategic expansion into zinc production at the Plomosas mine contributed significantly to its financial turnaround, with the mine reaching 75% capacity by year-end. The improved financial results were driven by increased production and strong commodity prices, positioning IMPACT as a leading intermediate miner in Mexico.
Spark’s Take on TSE:IPT Stock
According to Spark, TipRanks’ AI Analyst, TSE:IPT is a Neutral.
IMPACT Silver is in a challenging position with negative financial metrics and bearish technical indicators. The lack of profitability and cash flow issues are the most significant concerns. Valuation is unfavorable due to persistent losses. The absence of recent earnings call data and corporate events leaves little room for optimism or strategic shifts.
To see Spark’s full report on TSE:IPT stock, click here.
More about IMPACT Silver
IMPACT Silver Corp. is an intermediate mining company with operations in Mexico, focusing on silver, zinc, and lead production. It operates the Royal Mines of Zacualpan Silver district and the Plomosas high-grade zinc mine, showcasing a strong value chain from production to exploration.
YTD Price Performance: -13.33%
Average Trading Volume: 205,223
Technical Sentiment Signal: Buy
Current Market Cap: $32.26M
For an in-depth examination of IPT stock, go to TipRanks’ Stock Analysis page.