Welcome to our dedicated page for Impact Silver news (Ticker: ISVLF), a resource for investors and traders seeking the latest updates and insights on Impact Silver stock.
IMPACT Silver Corp. (OTCQB: ISVLF) generates frequent operational and exploration news from its two mining projects in Mexico. Company updates focus on production performance at the Royal Mines of Zacualpan Silver-Gold District and the Plomosas Zinc-Lead-Silver District, as well as drill results, mine development and corporate initiatives.
News from Zacualpan often covers throughput and grades at the Guadalupe processing plant, silver-lead-zinc production trends, and underground drilling at zones such as the Kena Vein South in the Guadalupe mine. Releases highlight new high-grade silver intersections, extensions of known veins and the status of the Capire Project, which includes a 200 tpd pilot plant and an NI 43-101 inferred mineral resource in silver, zinc and lead.
From Plomosas, investors can follow detailed underground drill results in the Tres Amigos, Juarez and Santo Domingo zones, including reported zinc, lead and silver grades and intervals. The company also reports on rehabilitation of mine infrastructure, ramp-up of production, process improvements such as lead oxide recovery, and exploration along the six kilometre-long carbonate replacement trend.
Corporate news items include equity financings, such as bought deal private placements of units, implementation of an omnibus equity incentive plan, and grants of stock options to directors, officers, consultants and employees. These releases describe intended uses of proceeds, plan terms and regulatory approvals.
By reviewing ISVLF news, readers can track how IMPACT Silver reports changes in production levels, exploration success, mine development activities and capital structure decisions across its Mexican silver and base metal assets.
Impact Silver reports strong Q3 2024 results with revenue reaching $8.6 million, an 81% increase from Q3 2023's $4.8 million. The growth is attributed to higher silver and zinc prices, increased production at the Plomosas zinc mine, and improved mill head grades. Mine operating earnings before amortization reached $1.03 million, up from $0.01 million in Q3 2023. The Plomosas mine achieved 70% of design capacity, processing 12,686 tonnes in Q3. Despite a net loss of $1.2 million, this represents an improvement from previous quarters. The company maintains a strong financial position with $6.4 million in cash, $7.1 million in working capital, and no long-term debt.
IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) reported Q2 2024 results with revenue growth of 40% to $7.7 million, driven by increased production at the Plomosas zinc mine. The Zacualpan silver project saw revenue rise to $5.9 million despite lower production, benefiting from stronger silver prices. However, the company faced a net loss of $2.6 million, up from $0.9 million in Q2 2023, due to cost pressures and start-up expenses at Plomosas.
Key highlights:
- Plomosas revenue increased to $1.8 million from $1.0 million in Q1 2024
- Cash position remained strong at $9.9 million
- Zacualpan silver production decreased 2% to 152,152 oz
- Plomosas production ramping up, targeting 150-170 tpd by end of Q3 2024
The company expects continued revenue growth and cost improvements as Plomosas reaches full capacity.
IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) has appointed Janet Meiklejohn to its board of directors, effective August 7, 2024. Ms. Meiklejohn brings over 25 years of experience in corporate finance and institutional equity sales. She has served as CFO for various high-growth companies, specializing in financial reporting, governance, strategy, and investor relations. Her expertise includes securing equity through a vast network of institutional and venture capital investors. Ms. Meiklejohn holds an MBA from Richard Ivey School of Business, a BBA from the University of Regina, and professional designations as CPA, CA, and CBV. IMPACT Silver's CEO, Fred Davidson, expressed confidence in leveraging her expertise in strategy, valuation, governance, and capital markets to benefit the company.
IMPACT Silver announced its Q1 2024 results, reporting a revenue of $5.3 million, with $4.3 million from the Guadalupe Mining Centre and $1.0 million from the Plomosas mine. The company incurred a net loss of $3.1 million due to $2.8 million in operating costs for facility upgrades at the Plomosas mine.
Post-quarter, the company launched a non-brokered private placement financing of up to $10.2 million, raising $7.1 million in the first tranche. Key investments in rehabilitation and development efforts were made, including $1.9 million spent on exploration programs.
Silver and zinc prices rose late in the quarter, attributed to expected interest rate cuts by the U.S. Federal Reserve. Ongoing efforts include upgrading infrastructure at Zacualpan and redesigning the Plomosas mine. The company anticipates improved operating profit as operations ramp up to full capacity.
Silver production at the Zacualpan complex was 137,291 oz, down from 156,430 oz in Q4 2023, due to maintenance work. The Plomosas mine processed 3,594 tonnes with a 15.3% zinc grade, continuing its gradual start-up. The company aims for increased gold production and expanded exploration activities.
Impact Silver Corp. announces a new silver vein discovery in its Guadalupe mine in Mexico, with promising drill results of up to 1,400 g/t silver over 0.75m. The discovery, designated as Kena Vein South, is located within 100-200 meters of active mine workings. The company plans to continue drilling to further define the vein for mining, showing potential for rapid and low-cost mine development.
IMPACT Silver Corp. (ISVLF) announces a C$6.2 million non-brokered private placement financing, aiming to raise funds for exploration, operational improvements, and development of silver assets. The offering consists of two types of units at different prices, with each unit including common shares and warrants. Proceeds will be used to accelerate exploration activities in Mexico and enhance zinc production at the Plomosas deposit.
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