VZLA

Temporary Work Pause: Vizsla Silver Corp. has paused field work at the Panuco project due to security concerns, placing contractors on standby while ongoing engineering work for a feasibility study continues unaffected.

Forward-Looking Statements: The company issued forward-looking statements regarding potential impacts on its budget and work program for 2025, emphasizing uncertainties related to market conditions, regulatory issues, and operational risks.

Temporary Pause in Operations: Vizsla Silver has temporarily halted field work at the Panuco project due to security concerns, placing contractors on standby while ongoing engineering work for the feasibility study continues unaffected.

Financial Updates and Analyst Ratings: The company's price targets have been raised by analysts, with Raymond James increasing it to C$2.50 and National Bank to C$6, reflecting positive financial performance amid strategic developments.

Securities Filing: Vizsla Silver Corp has filed a $600 million mixed securities shelf registration.

Resource Estimate Update: The company experienced a surge in stock value following a significant increase in the resource estimate for its Panuco mine.

New Discovery Announcement: Vizsla Silver Corp. has reported a significant discovery at its Panuco silver-gold project in Mexico, with drill hole AM-25-90 revealing high-grade intervals of silver and gold mineralization, indicating strong potential for further exploration in the area.

Exploration Plans: The company plans to continue its exploration efforts with additional drilling to follow up on this discovery, aiming to assess the extent and quality of mineralization along the Animas vein system, which has historically seen limited systematic exploration.

Resumption of Operations: Vizsla Silver Corp. has resumed limited operations at its Panuco silver-gold project to advance towards a test mine and feasibility study, prioritizing employee safety during the process.

Forward-Looking Statements: The company issued forward-looking statements regarding future exploration activities, emphasizing the uncertainties and risks associated with mining operations, including market volatility and regulatory challenges.

Tragic Incident: Vizsla Silver Corp. announced that a landslide at their Panuco silver-gold project in Sinaloa, Mexico, resulted in the death of one employee from contractor Bylsa Drilling and left another critically injured.

Company Response: The CEO expressed condolences and support for the affected families, while the company has suspended activities at the project and initiated an investigation into the incident.

Analyst Price Target Update: Alliance Global Partners analyst Jake Sekelsky raised the price target for Vizsla Silver (VZLA) from C$3.50 to C$3.75, maintaining a Buy rating following an updated resource estimate at the Panuco project in Mexico.

Future Expectations: The firm anticipates 2025 will be a significant year for Vizsla, with plans for a bulk sample test mining program, feasibility study, and ongoing exploration efforts.

Stock Surge: Vizsla Silver Corp.'s shares rose 12% after announcing a significant increase in mineral resources for its Panuco silver-gold project in Sinaloa, Mexico.

Resource Estimate Improvement: The updated estimate shows a 43% increase in combined measured and indicated mineral resources, enhancing the project's potential significantly.

Updated Mineral Resource Estimate: Vizsla Silver Corp. announced a 43% increase in combined measured and indicated mineral resources at its Panuco silver-gold project, now totaling 222.4 million ounces of silver equivalent (AgEq), with significant improvements in grades and the addition of new resources.

Future Development Plans: The company plans to advance the Panuco project towards production by 2027 while continuing exploration efforts, including a test mine program and a feasibility study, supported by a total exploration expenditure of approximately $146.7 million.

Test Mining Program Initiation: Vizsla Silver Corp. has launched a fully funded test mining and bulk sample program at its Panuco silver-gold project in Sinaloa, Mexico, aimed at validating geotechnical models and resource estimates in preparation for full-scale operations.

Future Development Plans: The information gathered from this program over the next six to eight months will support a Feasibility Study planned for late 2025, alongside ongoing exploration efforts to identify new high-grade mineralization areas within the project.

Company Listing Update: Vizsla Silver Corp. has received conditional approval to graduate from the TSX Venture Exchange and list its common shares on the Toronto Stock Exchange, with final approval pending certain conditions.

Equity Program Announcement: The company reported a quarterly update on its "at-the-market" equity program, having issued 3,900,000 common shares for gross proceeds of approximately US$8.5 million during the last quarter.

Company Update: Vizsla Silver has received conditional approval to move from the TSX Venture Exchange to the Toronto Stock Exchange, which will increase its market visibility.

Funding Progress: The company has successfully raised over $8.5 million through its 'at-the-market' equity program by issuing common shares.

Recognition for Corporate Responsibility: Vizsla Silver Corp.'s subsidiary, Minera CANAM, has received the Socially Responsible Company Distinction (ESR) for the third consecutive year, highlighting its commitment to social and environmental values in operations.

Safety and Health Initiatives: The company also achieved the Safe and Healthy Work Environments Distinction (ELSSA), reflecting its dedication to improving worker health, safety, and productivity through a robust safety program.

Acquisition Announcement: Vizsla Silver Corp. has completed the acquisition of the La Garra-Metates district, a past-producing area rich in silver and gold, for a total of US$3,075,000 in cash and 5,555,555 common shares, with specific resale restrictions on the shares.

Exploration Potential: The La Garra-Metates District shows promising geological features similar to nearby projects, with high-grade silver and gold samples collected, indicating potential for further discoveries in an area that has seen limited exploration.

Gold Price Surge: Gold has reached a new high near $2,700, marking over 28% increase year-to-date and 40% from the previous year.

Historical Performance: Currently priced at $2,665, this represents gold's best year-to-date performance in this century, influenced by rising M2 money supply.

U.S. Stock Market Overview: U.S. stock futures showed mixed results, with Dow futures up by about 100 points, while several companies like iTeos Therapeutics and Vizsla Silver Corp. experienced significant pre-market losses due to various announcements.

Notable Stock Movements: Companies such as Upstart Holdings and Guardant Health also saw declines in their share prices following news of private offerings and other developments, reflecting a generally cautious market sentiment.

Offering Details: Vizsla Silver Corp. has entered into an agreement with Canaccord Genuity to sell 25 million common shares at $2.60 each, aiming for gross proceeds of approximately $65 million, with a potential total of $74.75 million if the over-allotment option is fully exercised.

Use of Proceeds: The funds raised will be used for advancing the exploration and development of the Panuco Project in Mexico, as well as for general corporate purposes, pending necessary regulatory approvals.

Equity Program Announcement: Vizsla Silver Corp. has updated its at-the-market equity program to offer and sell up to US$100 million in common shares, with sales being made at the company's discretion through designated agents on various exchanges.

Use of Proceeds: The company plans to utilize the net proceeds from this program for ongoing work at the Panuco Project, working capital, and general corporate purposes, while emphasizing the optionality of having such a program available.

Silver Mining Industry Outlook: The silver mining industry is expected to thrive in 2024 due to rising global industrial demand, particularly from photovoltaics, while supply is projected to decline, leading to a fourth consecutive year of market deficit and increased prices. Companies like Fresnillo, Hecla Mining, First Majestic Silver, MAG Silver, and Vizsla Silver are highlighted as key players benefiting from improved operational efficiency and disciplined cost management.

Company Performance Highlights: Notable companies in the sector have reported strong production increases and positive earnings forecasts; for instance, MAG Silver anticipates significant output growth at its Juanicipio project, while First Majestic's acquisition of Gatos Silver is set to enhance its production capacity. Hecla Mining has also shown impressive growth in silver production, positioning itself as a leading U.S. silver producer.

Technical Report Announcement: Vizsla Silver Corp. has filed a technical report and preliminary economic assessment for its Panuco silver-gold project, effective July 24, 2024, which was independently completed by Ausenco Engineering Canada ULC.

Future Exploration Plans: The company plans to conduct over 45,000 meters of resource/discovery-based drilling in 2024 to upgrade and expand its mineral resources at the Panuco project in Mexico.