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IMPACT Silver Corp (TSE:IPT)
:IPT
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IMPACT Silver
(OTC:IPT)
Rating:42Neutral
Price Target:―
IMPACT Silver (IPT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
$75.74M
Dividend YieldN/A
Average Volume (3M)540.62K
Price to Earnings (P/E)―
Beta (1Y)1.94
Revenue Growth36.99%
EPS Growth-153.27%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength70
IndustrySilver
Share Statistics
EPS (TTM)N/A
Shares Outstanding275,408,260
10 Day Avg. Volume394,846
30 Day Avg. Volume540,615
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.83
Price to Sales (P/S)0.00
P/FCF Ratio-7.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
IMPACT Silver Business Overview & Revenue Model
Company DescriptionIMPACT Silver Corp. engages in the exploration, development, and mineral processing activities in Mexico. The company produces silver, lead, zinc, gold, and copper deposits. It primarily owns interests in the Royal Mines of Zacualpan Silver-Gold District and the Capire Mineral District covering an area of approximately 211 square kilometers located in central Mexico. The company also operates Cuchara, San Ramon, Guadalupe, Veta Negra, and Capire open pit mines. IMPACT Silver Corp. was founded in 2006 and is headquartered in Vancouver, Canada.
How the Company Makes MoneyIMPACT Silver generates revenue primarily through the sale of silver and other by-products extracted from its mining operations. The company operates multiple mines and processing facilities that allow it to extract, process, and sell silver directly to market participants, including industrial users and metal traders. Key revenue streams include the sale of silver bullion and concentrates, with significant contributions from zinc and lead by-products. IMPACT Silver's earnings are influenced by global silver prices, production efficiency, and its ability to manage operational costs. Strategic partnerships with local communities and stakeholders also play a role in maintaining stable operations and facilitating access to resources.
IMPACT Silver Earnings Call Summary
Earnings Call Date:May 27, 2025
(Q2-2024)
| % Change Since: 66.67%|
Next Earnings Date:Aug 27, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed performance with significant revenue growth and exploration successes, but also highlighted challenges in operational efficiency and increased costs. The company is in a transitional phase, focusing on increasing production capacity and improving ore recovery rates despite some operational setbacks.Q2-2024 Updates
Positive Updates
Significant Revenue Increase
Revenue increased significantly to $7.7 million from $5.5 million in the comparable period last year, marking a notable improvement.
Successful Capital Raising
Raised a net $8.6 million, which was used to refurbish cash on hand and fund aggressive drilling activities.
Increase in Production Capacity
Production at Plomosas increased from 3,600 tonnes in the first quarter to 9,200 tonnes in the second quarter, with expectations to reach 200 tonnes a day by the fourth quarter.
High-Grade Mineral Discoveries
Discovery of high-grade mineralization at 'The Kena' with significant grades of zinc (14%), lead (8.7%), and silver (43.7%).
Exploration and Development Focus
Drilled over 20,000 meters in the first six months, showcasing a strong commitment to exploration and potential future growth.
Negative Updates
Net Loss and Economic Challenges
Reported a net loss of $2.6 million, with deferred income taxes and foreign exchange expenses contributing to the loss.
Operational Setbacks at Plomosas
Plomosas mine running behind schedule, only producing 100 tonnes for the quarter due to development challenges.
Increased Costs and Union Settlements
Direct costs per ton increased to over $153 from $130 due to retroactive union settlements and a strong Mexican peso impacting expenses.
Decline in Gold and Lead Production
Gold production decreased by 70% and lead by 34% due to lower recoveries and strategic shifts in mining operations.
Company Guidance
During the Q2 2024 earnings call, Impact Silver Corp provided guidance reflecting a transitional period with several key metrics. Revenue experienced a significant increase, reaching $7.7 million compared to $5.5 million in the same period last year. However, the company reported a net loss of $2.6 million, influenced by deferred income taxes and foreign exchange expenses amounting to approximately $0.6 million. Production at the Plomosas mine was limited to 100 tonnes for the quarter, with plans to increase to 200 tonnes by year-end. The company raised a net $8.6 million, facilitating aggressive exploration efforts totaling over 20,000 meters of drilling in the first half of the year. Despite an uptick in direct costs per ton to over $153 due to union settlements and a strong Mexican peso, the focus remains on increasing production and efficiency. Impact Silver anticipates adding $10 million annually to its revenue as Plomosas reaches full capacity, with potential for further growth dependent on favorable silver and zinc market conditions.IMPACT Silver Financial Statement Overview
Summary
IMPACT Silver's financial performance is weak, with negative profitability and cash flow metrics indicating significant operational challenges. Although the balance sheet shows some stability due to low leverage, the consistent inability to generate positive cash flow is concerning.Income Statement
IMPACT Silver's income statement shows a concerning trend with declining profitability. The gross profit margin and net profit margin are negative in TTM, indicating that costs are higher than revenues. The company has been unable to maintain positive EBIT and EBITDA margins in recent years. Revenue growth is positive from 2022 to 2023, but overall financial performance remains weak.40
Negative
Balance Sheet
The balance sheet is relatively stable with a low debt-to-equity ratio, suggesting limited leverage risk. However, the return on equity is negative due to persistent net losses. The equity ratio is strong, indicating that a significant portion of assets is funded by equity, which provides some financial stability.55
Neutral
Cash Flow
The cash flow statement reveals challenges in generating cash from operations, with negative operating cash flow in TTM. Free cash flow is also negative and has been deteriorating, indicating insufficient cash generation to cover capital expenditures. The operating cash flow to net income ratio is unfavorable, pointing to potential difficulties in converting reported earnings to cash.30
Negative
| Breakdown | TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.10M | 20.76M | 16.34M | 17.70M | 15.76M | 13.31M |
| Gross Profit | -5.64M | -2.40M | -168.98K | 3.43M | 3.25M | -176.03K |
| EBITDA | -6.31M | -3.66M | -1.11M | 1.67M | 2.60M | -3.75M |
| Net Income | -11.91M | -7.57M | -3.16M | -545.34K | 2.30M | -4.94M |
Balance Sheet | ||||||
| Total Assets | 83.21M | 88.58M | 68.80M | 66.54M | 64.83M | 49.95M |
| Cash, Cash Equivalents and Short-Term Investments | 6.59M | 8.37M | 15.49M | 21.17M | 20.39M | 3.78M |
| Total Debt | 332.07K | 68.92K | 147.84K | 243.82K | 78.67K | 156.60K |
| Total Liabilities | 14.39M | 14.45M | 6.96M | 6.58M | 6.14M | 7.48M |
| Stockholders Equity | 68.81M | 74.13M | 61.83M | 59.97M | 58.69M | 42.48M |
Cash Flow | ||||||
| Free Cash Flow | -14.52M | -15.05M | -6.70M | -621.90K | 688.04K | -2.86M |
| Operating Cash Flow | -7.98M | -6.59M | -1.81M | 3.03M | 2.47M | -917.66K |
| Investing Cash Flow | -6.29M | -12.28M | -4.79M | -3.65M | -1.78M | -1.94M |
| Financing Cash Flow | 11.73M | 11.90M | 764.91K | 1.32M | 15.92M | 5.40M |
IMPACT Silver Technical Analysis
Positive
0.30
Price Trends
0.22
Positive
0.21
Positive
0.22
Positive
Market Momentum
0.01
Positive
66.95
Neutral
50.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IPT, the sentiment is Positive. The current price of 0.3 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.22, and above the 200-day MA of 0.22, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 66.95 is Neutral, neither overbought nor oversold. The STOCH value of 50.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IPT.
IMPACT Silver Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $10.29B | 9.96 | -0.15% | 2.86% | 2.14% | -32.15% | |
45 Neutral | C$70.64M | ― | -13.77% | ― | ― | 21.46% | |
42 Neutral | $75.74M | ― | -11.62% | ― | 36.99% | -153.27% | |
34 Underperform | C$74.36M | ― | -73.72% | ― | ― | 78.62% | |
| $65.20M | ― | -7.27% | ― | ― | ― | ||
| $92.35M | ― | ― | ― | ― | |||
| $35.67M | ― | -28.58% | ― | ― | ― |
* Basic Materials Sector Average
Performance Comparison
TSE:IPT
IMPACT Silver
0.30
0.03
11.11%
TSE:SVRS
Golden Tag Resources
0.13
-0.03
-18.75%
TSE:KTN
Kootenay Silver
1.16
0.04
3.57%
SLVRF
Silver One Resources
0.23
0.03
15.00%
BHLL
Bunker Hill Mining
0.08
-0.04
-33.33%
KUYAF
Kuya Silver
0.29
0.00
0.00%
IMPACT Silver Corporate Events
IMPACT Silver Reports High-Grade Zinc Results at Plomosas Mine
Jan 16, 2025
IMPACT Silver Corp. has announced significant high-grade zinc intersections from its ongoing drill program at the Juarez Mine area within the Plomosas Mine. The results include notable zinc concentrations, indicating a promising expansion potential in the mineralized zone, which remains open for further exploration. This development could enhance IMPACT Silver’s operational capabilities and strengthen its position within the mining sector.
IMPACT Silver Corp. Reports Strong Growth and Strategic Advances in 2024
Jan 8, 2025
IMPACT Silver Corp. celebrated substantial achievements in 2024, marked by operational advancements and financial growth. Key highlights include the successful ramp-up of the Plomosas Zinc Mine to 70% capacity and the discovery of a high-grade silver vein in the Zacualpan district. The company’s revenue surged by 81% in Q3 2024, fueled by increased production and higher metal prices, while maintaining a strong balance sheet with no long-term debt. Strategic initiatives, such as integrating sustainable energy solutions and strengthening leadership, further underscore the company’s commitment to growth and operational excellence.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.