IMPACT Silver Reports High-Grade Zinc Intersections at Plomosas Mine

IMPACT Silver ( (TSE:IPT) ) has provided an announcement.

IMPACT Silver Corp. announced positive results from its underground drill program at the Santo Domingo Zone of the Plomosas Mine in northern Mexico, highlighting high-grade zinc equivalent intersections. These results extend the mineralized zone, allowing for rapid and cost-effective mine development. The ongoing drilling aims to define additional mineralization, enhancing the company’s operational capabilities and exploration potential in the region.

The most recent analyst rating on (TSE:IPT) stock is a Hold with a C$0.34 price target. To see the full list of analyst forecasts on IMPACT Silver stock, see the TSE:IPT Stock Forecast page.

Spark’s Take on TSE:IPT Stock

According to Spark, TipRanks’ AI Analyst, TSE:IPT is a Neutral.

IMPACT Silver’s overall score is driven by significant financial challenges, including negative profitability and cash flows. However, positive technical indicators and recent corporate events, such as revenue growth and successful financing, provide some optimism. The valuation remains a concern due to ongoing losses.

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 owns the Zacualpan project, which includes several silver mines and a processing plant, and the Capire Project, which features a silver mine and processing plant. IMPACT has a history of developing exploration zones into commercial production, producing over 13.5 million ounces of silver. The Plomosas Zinc-Lead-Silver District, a high-grade zinc producer, was acquired in 2023, and the company is ramping up production with significant exploration potential.

Average Trading Volume: 1,665,646

Technical Sentiment Signal: Buy

Current Market Cap: C$105.6M

For a thorough assessment of IPT stock, go to TipRanks’ Stock Analysis page.