IMPACT Silver (IPT) AI Stock Analysis

• Market Cap: C$142.95M
• Dividend Yield: N/A
• Average Volume (3M): 920.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.06
• Revenue Growth: 52.70%
• EPS Growth: 60.33%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Silver
• EPS (TTM): >-0.01
• Shares Outstanding: 324,882,970
• 10 Day Avg. Volume: 900,996
• 30 Day Avg. Volume: 920,152
• PEG Ratio: 10.55
• Price to Book (P/B): 1.16
• Price to Sales (P/S): 1.54
• P/FCF Ratio: -4.54
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: C$0.44 ▲(23.33% Upside)

Overall score is held down primarily by weak financial performance (losses, low margins, and cash burn). Technicals are a relative strength with a clear uptrend and positive momentum, but valuation is unattractive/unclear due to the negative P/E and no dividend support.

Positive Factors

Low leverage / strong equity position

A very low debt-to-equity ratio (~0.35%) and healthy equity base provide financial flexibility to fund exploration, development, or withstand metal-price swings. Low leverage reduces solvency risk and lowers financing costs, supporting multi‑year project planning and partnership options.

Assets in prolific Mexican silver districts

Operating in established, silver-rich districts increases the probability of resource replacement and scalable discoveries. District infrastructure and mining expertise in the region can shorten development timelines and lower exploration risk versus greenfield plays, supporting durable production potential.

Diversified concentrate revenue streams

Generating revenue from silver, lead and zinc concentrates and selling to multiple smelters reduces single‑commodity and counterparty concentration. Mixed metal streams and potential JV/offtake partnerships help stabilise cash flows and improve the resilience of operating margins over time.

Negative Factors

Weak margins and unprofitable operations

A TTM gross margin under 8% and negative EBIT/EBITDA indicate structurally thin per‑unit economics. Persistently low margins limit the firm’s ability to absorb cost inflation or lower metal prices, undermining profitability and long‑term reinvestment capacity unless operational improvements are achieved.

Negative operating and free cash flow (cash burn)

Sustained negative operating and free cash flows constrain the company’s ability to self‑fund exploration and development. Ongoing cash burn forces reliance on external financing, raising dilution or refinancing risk and potentially delaying project timelines if capital availability tightens.

Negative return on equity

A negative ROE shows the company is not generating returns from shareholders' capital despite a strong equity base. Persistent negative ROE signals operational inefficiency or poor asset returns, which can pressure management to restructure, cut costs, or seek dilutive financing to fund growth.

IMPACT Silver Business Overview & Revenue Model

Company Description

IMPACT Silver Corp. (IPT) is a Canadian mineral exploration and development company focused on the acquisition, exploration, and development of silver properties in Mexico. The company operates primarily in the silver mining sector, with its core assets located in the prolific silver districts of Mexico, where it engages in mining operations and exploration activities to discover and develop silver-rich deposits.

How the Company Makes Money

IMPACT Silver generates revenue primarily through the mining and sale of silver and other metal concentrates produced from its mining operations. The company operates several mining projects, with the key revenue streams coming from the extraction and processing of silver, lead, and zinc ores. The company sells its produced concentrates to various smelters and refineries, which can include long-term contracts and spot market sales. Additionally, IMPACT may benefit from partnerships with other mining companies or stakeholders in joint ventures that could enhance its operational efficiency and market reach, further contributing to its earnings.

IMPACT Silver Financial Statement Overview

Summary

Weak profitability and cash generation: negative net income with negative EBIT/EBITDA margins, low gross margin (7.92%), and negative operating/free cash flow indicate ongoing operational strain. Balance sheet leverage is very low (debt-to-equity ~0.35%), but negative ROE reinforces that profitability remains the core issue despite a modest TTM revenue growth rate (5.17%).

Income Statement

IMPACT Silver's income statement shows a challenging financial position with negative net income and margins over the TTM period. Despite a revenue growth rate of 5.17% in the TTM, the company struggles with profitability as indicated by negative EBIT and EBITDA margins. The gross profit margin is low at 7.92%, reflecting pressure on cost management. Historical data shows fluctuating revenue growth and persistent negative net profit margins, indicating ongoing operational challenges.

Balance Sheet

The balance sheet of IMPACT Silver reflects a stable capital structure with a low debt-to-equity ratio of 0.35% in the TTM, suggesting minimal leverage risk. However, the return on equity is negative, indicating that the company is not generating sufficient returns on its equity base. The equity ratio remains healthy, showing a strong equity position relative to total assets. Despite the low leverage, the negative ROE highlights profitability concerns.

Cash Flow

Cash flow analysis reveals significant challenges, with negative operating and free cash flows in the TTM, indicating cash burn. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is unfavorable, suggesting inefficiencies in converting income to cash. Although the free cash flow to net income ratio is positive, it reflects the company's struggle to generate cash from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	41.39M	31.90M	20.76M	16.34M	17.70M	15.76M
Gross Profit	3.28M	-2.07M	-2.40M	-168.98K	3.43M	3.25M
EBITDA	-3.69M	-7.02M	-3.66M	-1.11M	1.67M	2.60M
Net Income	-5.48M	-9.78M	-7.57M	-3.16M	-545.34K	2.30M
Balance Sheet
Total Assets	72.30M	51.15M	88.58M	68.80M	66.54M	64.83M
Cash, Cash Equivalents and Short-Term Investments	26.23M	7.24M	8.37M	15.49M	21.17M	20.39M
Total Debt	220.10K	251.13K	68.92K	147.84K	243.82K	78.67K
Total Liabilities	8.78M	8.82M	14.45M	6.96M	6.58M	6.14M
Stockholders Equity	63.52M	42.33M	74.13M	61.83M	59.97M	58.69M
Cash Flow
Free Cash Flow	-3.03M	-10.84M	-15.05M	-6.70M	-621.90K	688.04K
Operating Cash Flow	-4.74M	-8.80M	-6.59M	-1.81M	3.03M	2.47M
Investing Cash Flow	3.22M	-616.19K	-12.28M	-4.79M	-3.65M	-1.78M
Financing Cash Flow	20.19M	8.34M	11.90M	764.91K	1.32M	15.92M

IMPACT Silver Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.36
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IPT, the sentiment is Neutral. The current price of 0.36 is below the 20-day moving average (MA) of 0.48, below the 50-day MA of 0.39, and above the 200-day MA of 0.31, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 47.14 is Neutral, neither overbought nor oversold. The STOCH value of 16.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:IPT.

IMPACT Silver Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KTN	54 Neutral	C$173.01M	-24.84	-11.69%	―	―	-0.78%
MSV	54 Neutral	C$34.51M	4.05	18.93%	―	―	―
IPT	52 Neutral	C$142.95M	-20.47	-8.15%	―	52.70%	60.33%
KUYA	52 Neutral	C$140.92M	-15.74	-20.00%	―	―	21.09%
AZS	50 Neutral	C$102.85M	-80.51	-13.05%	―	―	68.41%
ZAC	48 Neutral	C$22.97M	-4.56	-7.84%	―	―	-134.18%

IMPACT Silver Corporate Events

IMPACT Silver Grants 4.8 Million Stock Options Under Equity Incentive Plan

IMPACT Silver Corp. has granted 4.8 million stock options to its directors, officers, consultants and employees, exercisable at $0.41 per share for five years under its omnibus equity compensation plan approved by shareholders and the TSX Venture Exchange, with options issued to directors, officers and consultants subject to a four-month hold period. The move reinforces the company’s use of equity-based incentives to align management and staff with shareholder interests as it continues to ramp up production at its Plomosas zinc-lead-silver mine and evaluates a potential restart of its Capire project to take advantage of improving commodity prices, potentially influencing future capital allocation and operational growth across its Mexican asset base.

The most recent analyst rating on (TSE:IPT) stock is a Hold with a C$0.36 price target. To see the full list of analyst forecasts on IMPACT Silver stock, see the TSE:IPT Stock Forecast page.

IMPACT Silver Options Zacualpan S.E. Ground to J2 Metals to Unlock Exploration Upside

IMPACT Silver Corp. has signed a Letter of Intent granting J2 Metals Inc. an option on a 22 km² portion of its Zacualpan S.E. area in Mexico, now named the Sierra Plata Silver-Antimony Project, where J2 will carry out exploration over three years under a definitive agreement expected to close within 60 days. In return for the right to earn 100% of the property, J2 will fund approximately $1.35 million in staged exploration spending, make share and optional cash payments totalling up to 6.5 million J2 shares over three years, cover all holding costs, and grant IMPACT a 1.5% NSR royalty (partially buyable down), allowing IMPACT to unlock value from a non-core, remote asset while preserving its capital and maintaining exposure to potential discovery upside amid strong silver prices, subject to TSX Venture Exchange approval.

The most recent analyst rating on (TSE:IPT) stock is a Hold with a C$0.36 price target. To see the full list of analyst forecasts on IMPACT Silver stock, see the TSE:IPT Stock Forecast page.

IMPACT Silver Reports High-Grade Zinc Intersections at Plomosas Mine

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.

IMPACT Silver Corp. Reports 24% Revenue Growth in Q3 2025 Amid Higher Silver Prices

IMPACT Silver Corp. reported a 24% increase in revenue for Q3 2025, driven by higher silver prices and improved production efficiencies. The company saw significant progress in both its Zacualpan and Plomosas operations, with increased production and ongoing mine optimization efforts. Despite challenges such as weather-related power outages, IMPACT Silver is positioned to benefit from record precious metal prices, enhancing shareholder value and operational efficiencies.

The most recent analyst rating on (TSE:IPT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on IMPACT Silver stock, see the TSE:IPT Stock Forecast page.

IMPACT Silver Reports High-Grade Zinc Intersections at Plomosas Mine

IMPACT Silver Corp. announced significant drill results from the Juarez Zone at its Plomosas Mine in northern Mexico, indicating high-grade zinc equivalent intersections. These results are expected to enhance mining operations by allowing expansion into new areas, leveraging existing underground infrastructure, and supporting ongoing exploration efforts along the under-explored CRD trend.

The most recent analyst rating on (TSE:IPT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on IMPACT Silver stock, see the TSE:IPT Stock Forecast page.