Vizsla Silver Awards Key Contracts for Panuco Project Development

Vizsla Silver (TSX: VZLA) (NYSE: VZLA) has taken significant steps toward developing its high-grade Panuco silver-gold project in Sinaloa, Mexico, by awarding key contracts for engineering and mine design. 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. These 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. According to reporting by Abdul Rahman for Insider Monkey, the company’s shares have climbed more than 60% over the past year as investors monitor progress at the asset.

The Panuco project is 100%-owned by Vizsla Silver, a Canadian development company focused on becoming a leading primary silver producer. The November 2025 Feasibility Study outlines an after-tax NPV (5%) of US$1.8 billion, a 111% IRR, and a 7-month payback at US$35.50/oz silver and US$3,100/oz gold. The company is concurrently advancing mine development and district-scale exploration to expand the resource base. The appointment of M3 Engineering and Mining Plus are critical steps toward de-risking the project and moving it closer to production.

Vizsla Silver’s progress is being closely watched by the mining investment community, as the project’s robust economics and high-grade nature position it as a potential top-tier silver asset. The company’s stock performance reflects growing confidence in its ability to execute. For more information, visit the company’s website at https://vizslasilvercorp.com/.