RE:RE:RE:RE:RE:RE:RE:RE:RE:q3 when - last year was mid August...Silver prices are higher than 5 years ago. Why would you want to limit production now when the company went from unprofitable to now profitable? If you need higher prices than this to make the decision to mine then your projects are garbage. Impact Silver with the amount of cash it has should be back drilling the hell out of their properties to build up a resource and at the same time be processing at 500 tpd and be genetaring serious cash flows. If they aren't doing that then they are doing a serious disservice to shareholders. Speaking of drilling, does anyone know how the exploration programs are going?
Thales42 wrote: It is true that ipt was producing 1 mill ounces in the leaner years. Nowadays the situation is different. Impact is enteringa new phase where the company needs at least two production centers for its growing metal ore needs. Guadalupe mill is processing silver, but impact needs gold, copper, zink and lead processing facilities, so growing capacity means larger but also more diversified processing.
I am not against limiting silver production while waiting for higher prices. After all Impact has $20+ mill in WC that could carry lower production till 2022 and beyond