Vizsla Silver Advances Panuco Project with Key Contracts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Should l Buy VZLA?
Source: Newsfilter
Vizsla Silver Corp. shares rose by 5.52% as the stock crossed above its 5-day SMA, reflecting positive market reception. The company awarded a $170 million EPCM contract to M3 Engineering and a $50 million mine design contract to Mining Plus, significantly advancing its Panuco silver-gold project. This strategic move is expected to enhance production readiness and accelerate project timelines, boosting investor confidence in the company's growth prospects.
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Analyst Views on VZLA
Wall Street analysts forecast VZLA stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.430
Low
3.95
Averages
6.10
High
7.00
Current: 3.430
Low
3.95
Averages
6.10
High
7.00
About VZLA
Vizsla Silver Corp. is a Canada-based mineral exploration and development company. The Company is focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. The Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlan. The 7,189.5-hectare, past producing district benefits from over 86 kilometers (km) of total vein extent, 35 km of underground mines, roads, power, and permits. The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. The Company also owns the past-producing La Garra-Metates district (the La Garra) situated in the heart of the silver-gold-rich Panuco - San Dimas corridor.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nord Precious Metals Mining Reports Significant Silver Intercepts
- Exploration Success: Nord Precious Metals reported a significant silver intercept of 9,510 g/t at its Castle East project in Ontario, indicating the potential for high-grade silver deposits that could enhance the company's future mining development and investment appeal.
- Structural Model Validation: The drilling results validate the structural model developed by Ronacher McKenzie Geoscience, suggesting that the project, supported by historical data, has 29 discrete vein targets, thereby increasing the credibility of resource assessments.
- Fully Funded Drilling Phase: Nord has commenced a fully funded 5,000-meter drilling phase as part of a 30,000-meter program, eliminating financing risks and ensuring a steady flow of news releases, which heightens market interest in its future developments.
- Integrated Processing Capability: Nord operates TTL Laboratories, the only permitted high-grade milling facility in the Cobalt Camp, and utilizes the Re-2Ox process to effectively handle arsenic in complex silver-cobalt ores, enhancing economic viability and strengthening market competitiveness.
See More
Vizsla Silver Awards Contracts for Panuco Project Development
- Contract Awards: Vizsla Silver has awarded a $170 million EPCM contract to M3 Engineering & Technology and a mine design contract to Mining Plus, marking a significant advancement in the Panuco silver-gold project and expected to accelerate development timelines.
- Project Progress: The company confirmed that main development activities are on schedule, with M3 Engineering responsible for the design and construction planning of the process plant and surface infrastructure, enhancing market confidence in timely and budget-compliant project completion.
- Financial Backing: Vizsla Silver secured a project finance mandate with Macquarie Bank for up to $220 million to support the development of the Panuco project, providing robust financial backing for long-term project viability and growth.
- Collaborative Efforts: Mining Plus has been closely collaborating with Vizsla Silver since July 2024, focusing on mine design and planning, with approximately $50 million allocated for development capital over the next two years, ensuring smooth project initiation post-environmental permit approval.
See More
Vizsla Silver Awards Key Contracts to Advance Panuco Project
- Contract Award: Vizsla Silver Corp. has awarded the Engineering, Procurement, and Construction Management (EPCM) contract to M3 Engineering, valued at approximately $170 million, marking a significant advancement in its Panuco silver-gold project and expected to accelerate design and construction efforts.
- Mine Design Partnership: The company has entered into a mine design contract with Mining Plus, covering around $50 million in development capital, which is anticipated to enhance production readiness over the next two years, thereby increasing the project's commercial viability.
- Project Progress: Since completing the Panuco Feasibility Study in November 2025, Vizsla Silver has collaborated closely with M3 Engineering to ensure the project advances according to the disclosed timelines, bolstering the company's competitive edge in silver mining development.
- Strategic Objectives: Vizsla Silver aims to implement a dual-track development strategy at Panuco, advancing mine development while conducting district-scale exploration to achieve long-term growth and enhance shareholder value.
See More
Vizsla Silver Advances Panuco Project with Key Contracts
- EPCM Contract Awarded: Vizsla Silver has awarded the EPCM contract to M3 Engineering, valued at approximately $170 million, aimed at advancing detailed design and construction planning for the Panuco silver-gold project, thereby accelerating project progress and enhancing market competitiveness.
- Mining Design Collaboration: The company has signed a mining design contract with Mining Plus, covering about $50 million in development capital, expected to support mine planning and scheduling over the next two years, ensuring the project enters production on schedule.
- Transparent Project Progress: Vizsla Silver reports that key development activities are progressing according to the established timeline, ensuring timely commencement of mining operations upon receipt of the MIA permit, which further boosts investor confidence.
- Long-term Strategic Positioning: The company is committed to a dual-track development strategy, advancing both the mine development of the Panuco project and conducting district-scale exploration to capture future market growth opportunities, thereby enhancing its leadership position in the silver industry.
See More
Vizsla Silver Awards EPCM and Mine Design Contracts for Panuco Project
- EPCM Contract Award: Vizsla Silver has awarded the EPCM contract to M3 Engineering, covering approximately $170 million for the process plant and surface infrastructure, marking a significant step forward for the Panuco Project and expected to enhance development efficiency and safety.
- Mine Design Partnership: The company has entered into a mine design contract with Mining Plus, involving around $50 million in development capital, which will support mine planning and scheduling over the next two years, further advancing the Panuco Project towards commercialization.
- Project Progress Timeline: Vizsla plans to award the mining contract in Q2 2026 and commence mining operations upon receipt of the MIA permit, implementing a two-year infill drilling program to support stockpiling ahead of production, ensuring timely project delivery.
- Feasibility Study Results: The feasibility study completed in November 2025 indicates an annual production of 17.4 million ounces of silver equivalent for the Panuco Project, with an after-tax NPV of $1.8 billion and an IRR of 111%, laying a solid foundation for the company's future growth.
See More
Vizsla Silver Corp. Announces Tragic Update
- Tragic Confirmation: Vizsla Silver Corp. has confirmed that nine colleagues have died in the incident in Concordia, with one colleague still missing, highlighting the severe security situation in the region, which poses significant risks to the company's reputation and employee morale.
- Commitment to Support: CEO Michael Konnert stated that the company will continue to support affected families while honoring their colleagues through ongoing commitments to community values, reflecting the company's dedication to employee welfare and social responsibility.
- Uncertain Future Outlook: The company plans to closely cooperate with Mexican authorities to assess security and risk management measures, and while operations are currently suspended, it aims to resume site activities when conditions permit, demonstrating a cautious optimism about future developments.
- Ongoing Investment Commitment: Vizsla Silver reaffirms its commitment to the long-term responsible development of the Panuco Project and plans to continue investing in the Concordia community, aiming to enhance its social impact and sustainable development capabilities in the region.
See More
Nord Precious Metals Mining Reports Significant Silver Intercepts
- Exploration Success: Nord Precious Metals reported a significant silver intercept of 9,510 g/t at its Castle East project in Ontario, indicating the potential for high-grade silver deposits that could enhance the company's future mining development and investment appeal.
- Structural Model Validation: The drilling results validate the structural model developed by Ronacher McKenzie Geoscience, suggesting that the project, supported by historical data, has 29 discrete vein targets, thereby increasing the credibility of resource assessments.
- Fully Funded Drilling Phase: Nord has commenced a fully funded 5,000-meter drilling phase as part of a 30,000-meter program, eliminating financing risks and ensuring a steady flow of news releases, which heightens market interest in its future developments.
- Integrated Processing Capability: Nord operates TTL Laboratories, the only permitted high-grade milling facility in the Cobalt Camp, and utilizes the Re-2Ox process to effectively handle arsenic in complex silver-cobalt ores, enhancing economic viability and strengthening market competitiveness.
See More
Vizsla Silver Awards Contracts for Panuco Project Development
- Contract Awards: Vizsla Silver has awarded a $170 million EPCM contract to M3 Engineering & Technology and a mine design contract to Mining Plus, marking a significant advancement in the Panuco silver-gold project and expected to accelerate development timelines.
- Project Progress: The company confirmed that main development activities are on schedule, with M3 Engineering responsible for the design and construction planning of the process plant and surface infrastructure, enhancing market confidence in timely and budget-compliant project completion.
- Financial Backing: Vizsla Silver secured a project finance mandate with Macquarie Bank for up to $220 million to support the development of the Panuco project, providing robust financial backing for long-term project viability and growth.
- Collaborative Efforts: Mining Plus has been closely collaborating with Vizsla Silver since July 2024, focusing on mine design and planning, with approximately $50 million allocated for development capital over the next two years, ensuring smooth project initiation post-environmental permit approval.
See More
Vizsla Silver Awards Key Contracts to Advance Panuco Project
- Contract Award: Vizsla Silver Corp. has awarded the Engineering, Procurement, and Construction Management (EPCM) contract to M3 Engineering, valued at approximately $170 million, marking a significant advancement in its Panuco silver-gold project and expected to accelerate design and construction efforts.
- Mine Design Partnership: The company has entered into a mine design contract with Mining Plus, covering around $50 million in development capital, which is anticipated to enhance production readiness over the next two years, thereby increasing the project's commercial viability.
- Project Progress: Since completing the Panuco Feasibility Study in November 2025, Vizsla Silver has collaborated closely with M3 Engineering to ensure the project advances according to the disclosed timelines, bolstering the company's competitive edge in silver mining development.
- Strategic Objectives: Vizsla Silver aims to implement a dual-track development strategy at Panuco, advancing mine development while conducting district-scale exploration to achieve long-term growth and enhance shareholder value.
See More
Vizsla Silver Advances Panuco Project with Key Contracts
- EPCM Contract Awarded: Vizsla Silver has awarded the EPCM contract to M3 Engineering, valued at approximately $170 million, aimed at advancing detailed design and construction planning for the Panuco silver-gold project, thereby accelerating project progress and enhancing market competitiveness.
- Mining Design Collaboration: The company has signed a mining design contract with Mining Plus, covering about $50 million in development capital, expected to support mine planning and scheduling over the next two years, ensuring the project enters production on schedule.
- Transparent Project Progress: Vizsla Silver reports that key development activities are progressing according to the established timeline, ensuring timely commencement of mining operations upon receipt of the MIA permit, which further boosts investor confidence.
- Long-term Strategic Positioning: The company is committed to a dual-track development strategy, advancing both the mine development of the Panuco project and conducting district-scale exploration to capture future market growth opportunities, thereby enhancing its leadership position in the silver industry.
See More
Vizsla Silver Awards EPCM and Mine Design Contracts for Panuco Project
- EPCM Contract Award: Vizsla Silver has awarded the EPCM contract to M3 Engineering, covering approximately $170 million for the process plant and surface infrastructure, marking a significant step forward for the Panuco Project and expected to enhance development efficiency and safety.
- Mine Design Partnership: The company has entered into a mine design contract with Mining Plus, involving around $50 million in development capital, which will support mine planning and scheduling over the next two years, further advancing the Panuco Project towards commercialization.
- Project Progress Timeline: Vizsla plans to award the mining contract in Q2 2026 and commence mining operations upon receipt of the MIA permit, implementing a two-year infill drilling program to support stockpiling ahead of production, ensuring timely project delivery.
- Feasibility Study Results: The feasibility study completed in November 2025 indicates an annual production of 17.4 million ounces of silver equivalent for the Panuco Project, with an after-tax NPV of $1.8 billion and an IRR of 111%, laying a solid foundation for the company's future growth.
See More
Vizsla Silver Corp. Announces Tragic Update
- Tragic Confirmation: Vizsla Silver Corp. has confirmed that nine colleagues have died in the incident in Concordia, with one colleague still missing, highlighting the severe security situation in the region, which poses significant risks to the company's reputation and employee morale.
- Commitment to Support: CEO Michael Konnert stated that the company will continue to support affected families while honoring their colleagues through ongoing commitments to community values, reflecting the company's dedication to employee welfare and social responsibility.
- Uncertain Future Outlook: The company plans to closely cooperate with Mexican authorities to assess security and risk management measures, and while operations are currently suspended, it aims to resume site activities when conditions permit, demonstrating a cautious optimism about future developments.
- Ongoing Investment Commitment: Vizsla Silver reaffirms its commitment to the long-term responsible development of the Panuco Project and plans to continue investing in the Concordia community, aiming to enhance its social impact and sustainable development capabilities in the region.
See More
