Vizsla Silver Outlines 2026 Objectives
Vizsla Silver provided a year-end summary of its activities at its flagship Panuco silver-gold property located in Sinaloa, Mexico and outline the company's key objectives/milestones for 2026. "2025 was an extraordinary year for Vizsla, the Panuco project and the underlying commodities," commented Michael Konnert, president and CEO. "Throughout the year, Vizsla Silver employed a dual track approach focused on both advancing project development objectives, while maintaining exploration momentum in the hunt for new centers of mineralization. At the project, an updated mineral resource estimate at the start of the year highlighted a 43% increase to measured and indicated resources at a ~5% higher grade profile. This set the stage for an industry leading Feasibility Study published in November, outlining over 20 million ounces of annual silver equivalent production over the first five years and 17.4 million ounces annually over the initial 9.4-year mine life, an after-tax NPV of US$1.8 billion, 111% IRR and a 7-month payback at US$35.50 per ounce silver and US$3,100 per ounce gold. It's important to remember this is a snapshot in time based on conservative commodity price assumptions, especially given the current metals price environment. The ongoing test mine program advanced considerably in 2025, now down to the 460 level, where we intend to extract the bulk sample. This program has provided invaluable information not only to support detailed engineering and mine development but has allowed access for underground drilling to target over 25 million ounces of inferred mineralization, not currently in the Feasibility Study mine plan. On the exploration side, our geologists focused on expanding, upgrading and converting known resources while simultaneously mapping, sampling and collecting data to support new discoveries. Our most notable discovery was at the Animas target located in the central portion of the district, where we intercepted 897 g/t AgEq over 5.8 meters. This world class interval is planned to be further tested this year as part of a broader 60,000-meter district wide drill program. With a current cash position of over US$450M, the project is now fully financed, and we are ready to build and ready to grow following receipt of our MIA permit expected sometime mid-year. In 2026, we aim to continue derisking and enhancing project value for shareholders. Our recent property acquisitions provide an excellent pipeline of new targets to test, while ongoing optimization work on the project continues to improve efficiency and overall economics. I am extremely proud of our team's performance in 2025 and grateful for the continued support of our community members, shareholders and other stakeholders as we advance toward first silver production in the second half of 2027."
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Vizsla Silver Suspends Activities After Incident at Panuco Project
- Safety Incident Impact: Vizsla Silver's Panuco project site in Mexico experienced a safety incident where 10 individuals were 'taken,' leading to a temporary suspension of certain activities, highlighting the security risks faced by the project.
- Project Progress: Despite the safety incident, Vizsla has transitioned from exploration to development readiness, with first silver production anticipated by 2027, indicating the company's commitment to advancing the project.
- Feasibility Study Findings: The November 2025 feasibility study outlined an initial 9.4-year mine life for the Panuco project, with an average silver equivalent production of 17.4 million ounces per year, reflecting the long-term profitability potential of the project.
- Production Expectations: For the first five years of operation, production is projected to average 20.1 million silver equivalent ounces per year, which not only showcases the project's production capacity but could also positively impact the company's future revenue growth.
Incident at Vizsla Silver's Concordia Project Site
- Incident Report: Vizsla Silver Corp. reports that ten individuals have been taken from its Concordia project site in Mexico, with the incident currently under investigation, highlighting security risks in the area.
- Crisis Management Response: The company has notified local authorities and activated its crisis management and security response teams, demonstrating its commitment to addressing the situation and ensuring employee safety.
- Activity Suspension: As a precautionary measure, certain activities at and near the site have been temporarily suspended, which may impact the company's production schedule and project timelines.
- Safety Priority: The company's immediate priority is the safety and wellbeing of the individuals involved, reflecting Vizsla Silver's strong focus on employee welfare during crises.
