Local News
IMPACT Silver Suspends Plomosas Mine Underground Operations in Chihuahua State, Mexico
IMPACT Silver Corp. has temporarily suspended underground mining at its Plomosas Mine in Chihuahua State, Mexico, after reviewing operating performance and cost structure. The company will focus on refining its geological model and optimising mine plans to support a sustainable restart in future quarters.
IMPACT Silver Corp. announced the temporary suspension of underground mining operations at its Plomosas Mine, located in Chihuahua State, Mexico. The decision follows a review of recent operating performance and cost structure, reflecting management's focus on capital allocation within defined economic thresholds. While underground mining is paused, the company will maintain the asset and preserve operating flexibility. The suspension is expected to reduce operating costs, preserve capital, and improve overall capital efficiency. IMPACT Silver will focus on refining its geological model, optimising the mine plan, and redesigning development to improve grade control and reduce unit costs. The company is also in discussions with third parties regarding potential operational arrangements on nearby mining projects.
Key Facts
- IMPACT Silver has temporarily suspended underground mining operations at its Plomosas Mine.
- The Plomosas Mine is located in Chihuahua State, Mexico.
- The suspension follows a review of operating performance and cost structure.
- The company aims to refine its geological model and optimise mine plans during the suspension.
- IMPACT Silver seeks to improve grade control and reduce unit costs for a sustainable restart.
- The company is discussing potential operational arrangements with third parties.
- These arrangements may provide near-term cash flow from alternative mineral feed sources.
Primary Source
Research Sources
- Investing News Network — IMPACT Silver Announces Temporary Suspension of Underground Mining at Plomosas