IMPACT Silver Corp.
IMPACT Silver operates three project areas in Mexico: Zacualpan (silver-gold-lead-zinc, in production), Plomosas (zinc-lead-silver), and Capire (silver-zinc-lead, exploration). Q1 2026 revenue nearly tripled to $31.2 million on a realized silver price of $77.91/oz versus $31.51/oz a year earlier, with Guadalupe-complex silver production up 80% year over year to 268,470 oz at an average grade of 251 g/t. Net income hit a quarterly record of $11.3 million.
Notable vs. Peers
- Financials score of 10/10 is stronger than the peer average of 6.9/10.
Lifecycle Milestones
Construction Milestones
4 of 5 reached- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Not yet reached · Recorded, but disputed: not counted as reached · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Jurisdiction (40%)6/10
Sonora and the State of Mexico are established Mexican mining regions, but 2023 federal mining-law reform and regional security considerations add real policy risk versus top-tier jurisdictions.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Zacualpan Silver Operation.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:6/10
Mexico: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:5/10
Primary commodity: Silver
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President, Chief Executive Officer and Director of IMPACT Silver Corp., a role he has held since May 2000. (MBA, CA) Actively involved in the mining and mineral exploration industries for over 33 years through Energold Drilling Corp. and predecessor companies, where he served in various capacities and helped finance public and private mining companies, with experience spanning over 18 countries throughout North America, South America, Africa and Asia. Has sat on the boards of Wheaton River Minerals, Redhawk Resources and Plexis Resources. Prior to IMPACT Silver he was VP and Chief Financial Officer of TOTAL Energold Corp., and previously spent 10 years as Chief Financial Officer of Erikson Gold Mines Ltd. and Mt. Skukum Gold Mines. Also had an active role in the Courageous Lake Project, Golden Bear Mine and the Denton-Rawhide Mine, and previously served as CEO and President of Energold Drilling Corp. Received his MBA from the University of British Columbia in 1970 and his Chartered Accountant designation in 1971; a member of the Chartered Professional Accountants of BC.
Chief Financial Officer of IMPACT Silver Corp. (LL.B., CPA) 25 years of experience spanning corporate finance, accounting, law and operations, with extensive experience in cross-border financial management and regulatory compliance between Mexico and Canada. Has advised Canadian-listed mining companies with producing Mexican assets on IFRS reporting, internal controls, treasury, and cross-jurisdictional tax and legal structuring. His background includes senior finance and administrative roles in multinational mining groups and nearly a decade at KPMG, where he ultimately led the Chihuahua office. As both a licensed lawyer and CPA with hands-on mine-site experience he provides an integrated approach to cross-border compliance, fiscal strategy and operational oversight.
Vice President, Exploration and Director of IMPACT Silver Corp., having held the VP Exploration role since February 2004. (P. Eng.) An experienced geologist and engineer whose wide-ranging experience spans over 40 years and has included projects over much of the globe, involving a variety of commodities with particular expertise in precious and base metals. Was instrumental in identifying, negotiating and completing the purchase of the Royal Mines of Zacualpan project for the company, and has served on the boards and in management of several junior mining companies. Holds a Bachelor of Applied Science (Honours) from the University of Toronto and a Master of Applied Science from the University of British Columbia, and is a Professional Engineer registered in the Province of British Columbia.
Vice President, Finance of IMPACT Silver Corp., having previously served as the company's Chief Financial Officer. (MBA) Since 2015 he has supported the company in corporate development and investor relations. Formerly Vice President, Corporate Development at Energold Drilling, supporting a business with approximately $100 million in annualized revenues. Over 12 years of public company experience, executing strategic, financing and joint venture transactions totaling more than $90 million, and previously held financial advisory roles at CIBC advising high-net-worth and natural resource clients. Holds an MBA from the University of British Columbia, completed jointly with Shanghai Jiao Tong University, and has completed the CPA PREP program.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
We checked thoroughly and found no producer, resource-specialist fund, or confirmed insider buying behind IMPACT Silver -- ownership is dominated by the general public (93.6%), with institutions holding only about 5.9% and no individual name disclosed above that threshold.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
IMPACT Silver operates the Zacualpan silver-gold-lead-zinc operation in Mexico, where it has produced continuously since acquiring the Guadalupe production centre in 2006, and also holds the Plomosas zinc-lead-silver and Capire silver-zinc-lead projects. In Q1 2026 its silver production rose 80% year over year to 268,470 oz at an average grade of 251 g/t, and higher silver prices lifted revenue to nearly three times the year-earlier level, with record quarterly net income. No preliminary economic assessment or feasibility study has been completed for Zacualpan, and the only NI 43-101 resource on record is Capire's inferred-only 2016 estimate of 4.5 Moz of silver.