Jerry is Director of Corporate Development and Investor Relations for Impact Silver Corporation. Impact has producing mines located two hours south of Mexico City in an area known as the Zacualpan Silver District. This area was a producing region 500 years ago with over 4,500 historic silver mines.
They are continuing to explore and develop in the region, and over the last ten years, they have raised 30 million in capital from investors. They have used that capital to grow the project organically.
So far they have produced over 160 million in revenue with 9 million ounces of silver. The company has a 30 million market cap with annual revenue of 15 million. Their current break-even point is around $14.00 an ounce silver. So they are making a little bit of money each year at current prices.
They are excited about using some of the revenue to continue exploration throughout 2018. They have 360 square kilometers of land with numerous targets of interest, and they have had some very...