Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) has taken a significant step forward in advancing its Panuco silver-gold project in Sinaloa, Mexico, by awarding key contracts for engineering and mine design. The company selected M3 Engineering for engineering, procurement and construction management services, and Mining Plus for mine design and development work related to the project's pre-production phase. These appointments mark another milestone in the development of the Panuco project, which a November 2025 feasibility study projected could produce an average of 17.4 million ounces of silver equivalent annually over at least nine years.
The news has been well received by investors, with shares of Vizsla Silver climbing more than 60% over the past year as the market continues to monitor progress at the high-grade silver and gold asset. The feasibility study outlines an after-tax net present value (NPV) of US$1.8 billion at a 5% discount rate, a 111% internal rate of return (IRR), and a 7-month payback period at silver and gold prices of US$35.50 per ounce and US$3,100 per ounce, respectively. The initial mine life is projected at 9.4 years, with potential for extension through ongoing district-scale exploration.
Vizsla Silver is a Canadian development company focused on becoming a leading primary silver producer. The Panuco project is 100% owned by Vizsla and is located in the historic mining district of Sinaloa, Mexico. The company is concurrently advancing mine development and exploration activities to unlock the full potential of the asset. For more information, visit the company's website at https://vizslasilvercorp.com/.
The full article detailing the developments can be accessed at https://ibn.fm/cJRfH. The awarding of these contracts is a critical step in de-risking the project and moving it closer to production, which could have significant implications for Vizsla Silver's valuation and the broader silver mining sector. As the company progresses, investors will be watching for further updates on construction timelines and financing arrangements.
