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IMPACT Silver ( (TSE:IPT) ) has provided an announcement.
IMPACT Silver Corp. announced promising results from its ongoing underground drill program at the Juarez Zone of the Plomosas Mine in northern Mexico. The drill intersections revealed significant zinc concentrations, with one notable section showing 10.38% zinc over 3.94 meters, including 20.95% zinc over 1.70 meters. These results are strategically important as they are located near existing underground mining infrastructure, allowing for rapid expansion of mining operations. The findings highlight the potential for increased mineral resources and underscore the company’s commitment to expanding its mining operations in the region.
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 a producer-explorer with two mining projects in Mexico. The company operates the Royal Mines of Zacualpan Silver-Gold District, which includes multiple underground and open pit mines, and the Plomosas Zinc-Lead-Silver District, a high-grade zinc producer with significant exploration potential. IMPACT has produced over 13 million ounces of silver and generated more than $284 million in revenue, with no long-term debt.
YTD Price Performance: 39.53%
Average Trading Volume: 437,954
Technical Sentiment Signal: Hold
Current Market Cap: C$82.62M
For an in-depth examination of IPT stock, go to TipRanks’ Overview page.