Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) has taken a significant step forward in developing its 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, according to Insider Monkey. 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.
The feasibility study outlined an after-tax net present value (5%) of US$1.8 billion, a 111% internal rate of return, and a seven-month payback period at base-case metal prices of US$35.50/oz silver and US$3,100/oz gold. The project boasts a 100%-owned, high-grade silver and gold resource that Vizsla Silver plans to develop into a leading primary silver producer.
Investors have responded positively to the company's progress, with shares climbing more than 60% over the past year. The contractor awards signal that Vizsla Silver is moving beyond exploration and into the development phase, reducing project risk and bringing the asset closer to production.
Vizsla Silver is concurrently advancing mine development and district-scale exploration. The company aims to leverage the Panuco project’s robust economics to become a significant player in the silver mining sector. For more information, visit the company's website at Vizsla Silver Corp..
