By: Matt Rego
Shares of junior precious metals mining company, IMPACT Silver Corp. (OTC Pink: ISVLF) rallied 16% on Tuesday, July 05, 2016. The mining company normally experiences relatively minimal average daily volume of around 78,150 shares over the past three months. However, nearly 95,100 shares or around $70,500 in dollar volume has exchanged hands in the early trading session.
Ultimately, there is no company-specific news out that is driving shares of IMPACT Silver Corp. (OTC Pink: ISVLF) this morning, but precious metals commodities are staging a decent rally Tuesday, as stocks sell-off after the July 4th holiday. Silver commodity prices are up 1.75% to $19.93 an ounce and gold is seeing gains of around 1% in the early morning session.
Currently, IMPACT Silver Corp. (OTC Pink: ISVLF) has three silver mines that are producing silver and two production facilities in Southern Mexico. The company retains 100% ownership in its silver mining projects: San Ramon Mine, Mirasol Mine, and the Cuchara-Oscar Mine.
IMPACT Silver Corp is a profitable silver mining company with three producing mines in Mexico. With mining operations having been profitable since the first day of production in 2006, IMPACT has distinguished itself as a consistently low-cost and profitable precious metals producer led by a highly respected team of professionals.
IMPACT is positioned for growth with two new mines being constructed in 2012: the open-pit Capire Mine and the underground Oscar Mine. The commencement of production at these two new mines will represent the next phase of growth for the Company and aim to establish IMPACT as a multimillion ounce silver producer.