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 a report by 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.
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 feasibility study outlines a 17.4 Moz AgEq annual production over an initial 9.4-year mine life, an after-tax net present value (NPV) at a 5% discount rate of US$1.8 billion, a 111% internal rate of return (IRR), and a seven-month payback period at US$35.50 per ounce silver and US$3,100 per ounce gold. Vizsla Silver is concurrently advancing mine development and district-scale exploration with the objective of becoming a leading primary silver producer.
According to the report, the contractor selections are a significant step toward bringing the Panuco project into production. The company is 100% owner of the project, which is located in Sinaloa, Mexico. For more details on the announcement, the full article can be accessed at https://ibn.fm/cJRfH.
Vizsla Silver is a Canadian development company focused on advancing its Panuco silver-gold project. The company’s shares have seen a substantial increase over the past year, reflecting growing investor confidence as the project moves closer to production. The project’s robust economics, including high IRR and rapid payback, underscore its potential as a major silver producer.
The company continues to execute on its development plan, with further updates expected as construction and exploration activities progress. The Panuco project is poised to become a significant contributor to the global silver supply, with its high-grade resource base and favorable location in a mining-friendly jurisdiction.
