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Bullboard - Stock Discussion Forum Impact Silver Corp V.IPT

Alternate Symbol(s):  ISVLF

Metals & Mining Silver
IMPACT Silver Corp. is a Canada-based company, which is engaged in silver, zinc and mining and related activities including exploration, development, and mineral processing in Mexico. The Company operates through two geographical segments: Mexico, and Canada. The Mexico segment includes the Company’s mining operations and exploration properties. The Canada segment includes head office and group... see more

TSXV:IPT - Post Discussion

Impact Silver Corp > Holding back on silver sales
View:
Post by Crashcomingsoon on Oct 12, 2021 12:00pm

Holding back on silver sales

First Majestic Silver boosts production 41% in Q3, suspends silver sales | Kitco News

My Comment: I think IPT is doing the same

Excerpt:
Importantly, First Majestic added that at the end of the quarter, the company held 1.4 million ounces of silver in inventory due to suppressed silver prices in the third quarter. Silver sales are anticipated to resume in the fourth quarter, the company pointed out.
Comment by DowsingR0d on Oct 12, 2021 12:38pm
is IPT holding back silver at these prices...?! lots of cash in bank to be able to do that
Comment by Thales42 on Oct 12, 2021 12:49pm
Good point.  Building a large inventory for those who can afford that, seems the winning strategy.  Ipt has no debt and has 23 mill cash in their coffers. With their quarterly 200-250,000 silver production IPT can be operational while sitting on their silver production for many years. In parcice, however, Ipt has a supply arrangement with Korea's Samsung. What I am curious to ...more  
Impact Silver Corp