: Released in July 2024 , this study established a robust economic foundation, projecting 15.2 million ounces of annual silver equivalent (AgEq) production and a 9-month payback period.
: The project is considered fully funded , supported by over US$450 million in cash and a US$300 million convertible senior notes offering closed in late 2025. Vizsla Silver guides for a September Panuco pro...
: In September 2024 , the company finalized a resource estimate that significantly expanded the project's scale, including a 43% increase in measured and indicated resources. : Released in July 2024 , this study
: In April 2026 , Vizsla awarded an EPCM contract to M3 Engineering and a mine design contract to Mining Plus . : In April 2026 , Vizsla awarded an
: Published in November 2025 , the FS optimized the project further, projecting: 17.4 million ounces average annual AgEq production. An exceptionally fast 7-month after-tax payback period. An after-tax NPV (5%) of US$1.8 billion and 111% IRR . 2026 Outlook and Construction Readiness
Vizsla Silver reached several critical milestones for its flagship in late 2024 and 2025, transitioning the asset from advanced exploration toward construction readiness. Key Project Milestones (2024–2025)
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