Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) has awarded key contracts supporting development of its Panuco silver-gold project in Mexico, according to reporting by Abdul Rahman for Insider Monkey. The company selected M3 Engineering for engineering, procurement and construction management services and Mining Plus for mine design and development work tied to the project’s pre-production phase.
Vizsla Silver said the appointments mark another milestone in advancing 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. Shares of the company have climbed more than 60% over the past year as investors continue to monitor progress at the high-grade silver and gold asset in Sinaloa, Mexico. The full article can be viewed at this link.
The Panuco project is 100%-owned by Vizsla Silver, a Canadian development company. The November 2025 Feasibility Study outlines 17.4 Moz AgEq annual production over an initial 9.4-year mine life, an after-tax NPV (5%) of US$1.8B, a 111% IRR, and a 7-month payback at US$35.50/oz silver and US$3,100/oz gold. Vizsla Silver is concurrently advancing mine development and district-scale exploration with the objective of becoming a leading primary silver producer. For more information regarding the company, visit Vizsla Silver's website.
The awarding of these contracts is a significant step forward for the Panuco project, bringing it closer to production. The feasibility study's robust economics, including a 111% IRR and a 7-month payback period, highlight the project's potential to generate substantial returns for investors. The projected annual production of 17.4 million ounces of silver equivalent positions Panuco as a potentially major silver producer, which could have implications for the global silver supply chain. For the industry, this development underscores the ongoing interest in high-grade silver assets in Mexico, a key mining jurisdiction. For readers, particularly investors, the stock's 60% rise reflects growing confidence in Vizsla Silver's ability to execute on its plans. The company's focus on both mine development and district-scale exploration suggests potential for resource expansion and long-term value creation.
