Vizsla Silver (VZLA)

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VIZSLA SILVER ISSUES ANNUAL EQUITY GRANT
Prnewswire· 2025-05-01 12:00
Company Overview - Vizsla Silver Corp. is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on its flagship 100%-owned Panuco silver-gold project in Sinaloa, Mexico [3] - The company aims to become the world's leading silver company by implementing a dual track development approach at Panuco, advancing mine development while continuing district scale exploration through low-cost means [3] Financial Highlights - A Preliminary Economic Study for Panuco completed in July 2024 indicates an annual production of 15.2 million ounces of silver equivalent (AgEq) over an initial mine life of 10.6 years [3] - The study highlights an after-tax Net Present Value (NPV) at 5% of US$1.1 billion, an Internal Rate of Return (IRR) of 86%, and a payback period of 9 months at silver prices of US$26 per ounce and gold prices of US$1,975 per ounce [3] Stock Options and Incentives - The company has granted 4,050,000 stock options at an exercise price of $2.90, along with 1,450,000 restricted share units (RSUs) and 850,000 deferred share units (DSUs) to directors, officers, employees, and consultants [1] - The stock options are exercisable for five years and will vest over the next two years, while the RSUs will vest in three equal annual installments starting from the first anniversary of the grant date [1] - The DSUs vest immediately and will be exchanged for one common share of the company when the Optionee ceases to hold their position as an independent director [1][2]
VIZSLA SILVER PROVIDES UPDATE ON AT-THE-MARKET EQUITY PROGRAM
Prnewswire· 2025-04-28 13:20
Core Viewpoint - Vizsla Silver Corp. has updated its at-the-market equity program to offer and sell up to US$200 million of common shares to the public, aimed at strengthening its balance sheet and advancing the Panuco Project [1][2]. Group 1: Equity Program Details - The updated ATM Program allows the company to sell common shares through designated agents on various stock exchanges, including the Toronto Stock Exchange and NYSE American [2][3]. - The sales will be conducted at the market price prevailing at the time of each sale, providing flexibility to the company [2]. - The program will remain effective until either all shares are sold or the base shelf prospectus ceases to be effective [5]. Group 2: Use of Proceeds - The net proceeds from the ATM Program will be utilized for ongoing work programs to advance the Panuco Project, as well as for working capital and general corporate purposes [4]. Group 3: Company Background - Vizsla Silver is a Canadian mineral exploration and development company focused on the Panuco silver-gold project in Sinaloa, Mexico, which is 100% owned by the company [10]. - A Preliminary Economic Study for the Panuco Project indicates an annual production of 15.2 million ounces of silver equivalent over an initial mine life of 10.6 years, with an after-tax NPV of US$1.1 billion and an IRR of 86% [11].
VIZSLA SILVER TEMPORARILY PAUSES FIELD WORK
Prnewswire· 2025-04-04 20:30
Core Viewpoint - Vizsla Silver Corp. has temporarily paused field work at the Panuco project due to security concerns in the area, but this will not significantly impact the ongoing engineering work related to the feasibility study or the company's budget for 2025 [1][2]. Group 1 - The company has placed contractors on standby for the development of the test mine, geotechnical drilling, and exploration programs, ready to resume work when security conditions improve [1]. - The voluntary pause in field work is not expected to materially affect the company's planned work program for 2025 [2].
VIZSLA SILVER MAKES NEW HIGH-GRADE DISCOVERY IN THE NORTH EAST OF PANUCO INTERSECTING 897 G/T AGEQ OVER 5.85 METERS INCLUDING 2,256 G/T AGEQ OVER 1.13 METERS
Prnewswire· 2025-03-31 10:00
Core Viewpoint - Vizsla Silver Corp. announced a significant new discovery at its Panuco silver-gold project in Mexico, highlighting the potential for high-grade mineralization in an area that has seen limited exploration historically [1][4]. Group 1: Discovery Details - The discovery was made in drill hole AM-25-90, which encountered high-grade intervals of silver and gold mineralization [1][4]. - Hole AM-25-90 returned 897 grams per tonne (g/t) silver equivalent (AgEq) over 5.85 meters true width, including intervals of 1,379 g/t AgEq over 1.31 mTW and 2,256 g/t AgEq over 1.13 mTW [6][8]. - The Animas vein system, where the discovery was made, has a mapped strike length of over 7.2 kilometers and hosts the largest number of historical workings in the area [4][10]. Group 2: Exploration Program - Vizsla commenced a fully funded exploration drill program exceeding 10,000 meters, targeting multiple veins in five high-priority areas, including the Animas vein system [5][10]. - The ongoing geological interpretation suggests that both the grade and widths of mineralization may increase at depth, indicating further exploration potential [4][7]. Group 3: Historical Context and Resources - The Panuco project has a current inferred resource of 7.01 million ounces (Moz) AgEq, with a total estimated in-situ combined measured and indicated mineral resource of 222.4 Moz AgEq and an inferred resource of 138.7 Moz AgEq [4][12]. - Historical mining activities in the area date back to the 1500s, with the corridor extending beyond the current known resources, suggesting significant untapped potential [4][10]. Group 4: Company Overview - Vizsla Silver is focused on advancing its flagship Panuco project, which encompasses 7,189.5 hectares and benefits from extensive infrastructure, including 35 kilometers of underground mines [10][13]. - The company aims to become a leading silver producer by implementing a dual-track development approach, balancing mine development with district-scale exploration [13].
VIZSLA SILVER ANNOUNCES FILING OF UPDATED TECHNICAL REPORT
Prnewswire· 2025-02-20 17:30
Core Viewpoint - Vizsla Silver Corp. has filed an independent technical report with an updated mineral resource estimate for its Panuco silver-gold project, effective September 9, 2024, prepared in accordance with NI 43-101 standards [1][3]. Group 1: Technical Report Details - The Technical Report includes an updated mineral resource estimate for the Panuco project, prepared by qualified professionals from SGS Geological Services and Ausenco Engineering Canada ULC [1]. - The report is accessible on SEDAR+ and the company's website [2]. Group 2: Company Overview - Vizsla Silver is a Canadian mineral exploration and development company focused on the Panuco silver-gold project in Sinaloa, Mexico, which is 100% owned by the company [4]. - A Preliminary Economic Study completed in July 2024 indicates an annual production of 15.2 million ounces of silver equivalent over an initial mine life of 10.6 years, with an after-tax NPV5% of US$1.1 billion, an 86% IRR, and a 9-month payback period at silver and gold prices of US$26/oz and US$1,975/oz respectively [4]. - The company aims to become a leading silver producer by advancing mine development while continuing district-scale exploration [4].
VIZSLA SILVER PROVIDES 2024 YEAR-END SUMMARY AND 2025 OUTLOOK
Prnewswire· 2025-01-28 11:00
Core Viewpoint - Vizsla Silver Corp. has made significant progress in 2024, transitioning from early-stage exploration to early-stage development at its Panuco silver-gold property, with a focus on derisking known mineralization and preparing for future economic returns [2][4][21]. 2024 Highlights - The company published a Preliminary Economic Assessment (PEA) in July 2024, indicating an annual production of 15.2 million ounces of silver equivalent (AgEq) over an initial mine life of 10.6 years, with an after-tax NPV5% of US$1.1 billion, an 86% internal rate of return (IRR), and a 9-month payback period at silver and gold prices of US$26/oz and US$1,975/oz respectively [4][21]. - Drilling efforts totaled 37,662 meters, leading to an updated mineral resource estimate of 222.4 million ounces AgEq in the measured and indicated category and 138.7 million ounces AgEq in the inferred category [5][20]. - The company's share price increased by 45% from C$1.73 to C$2.51 during 2024 [5]. Key Objectives for 2025 - The company aims to advance the Copala test mine development, complete a feasibility study (FS), and continue exploration drilling with a total of over 37,000 meters planned for engineering, expansion, and exploration programs [6][9][15]. - Specific targets include resource extension drilling at the Copala structure and the Napoleon area, as well as exploration drilling at various other targets in the district [10][11][12]. Financial Position - Vizsla Silver is well-funded with over US$92 million in cash and no debt, allowing it to pursue its operational goals with a long-term view of achieving first silver production in 2027 [2][8]. Community Engagement and Sustainability - The company has organized health fairs providing access to medical professionals for over 550 community members and has been recognized for its social responsibility efforts [8]. Exploration and Development Strategy - The company has expanded its land package to over 17,000 hectares and is utilizing advanced mapping and geophysical surveys to identify new exploration targets [8][16]. - The use of satellite imagery and detailed mapping has covered over 67% of the Panuco district, aiding in the identification of drilling vectors [16]. Conclusion - Vizsla Silver is positioned for a transformative year in 2025, focusing on advancing its flagship Panuco project while maintaining a commitment to community health and safety [2][8].
VIZSLA SILVER TO RESTART LIMITED OPERATIONS AT PANUCO
Prnewswire· 2025-01-20 14:00
NYSE: VZLA TSX: VZLA VANCOUVER, BC, Jan. 20, 2025 /PRNewswire/ - Vizsla Silver Corp. (NYSE: VZLA) (TSX: VZLA) (Frankfurt: 0G3) ("Vizsla Silver" or the "Company") announces that it has resumed limited operations at its Panuco silver-gold project (the "Project" or "Panuco") to progress work on a test mine and to advance towards a feasibility study. Michael Konnert, President and CEO of Vizsla Silver, commented, "Our top priority is to ensure the safety and well-being of our employees and contractors as ...
VIZSLA SILVER REPORTS CONTRACTOR FATALITY AT PANUCO
Prnewswire· 2025-01-10 14:30
NYSE: VZLA TSX: VZLAVANCOUVER, BC, Jan. 10, 2025 /PRNewswire/ - Vizsla Silver Corp. (NYSE: VZLA) (TSX: VZLA) (Frankfurt: 0G3) ("Vizsla Silver" or the "Company") regretfully announces that on January 9, 2025, a landslide impacted one of the exploration drill pads and claimed the life of an employee of Bylsa Drilling S.A. de C.V. ("Bylsa"), one of Vizsla Silver's contractors at the Panuco silver-gold project (the "Project" or "Panuco") located in Sinaloa, Mexico. A second employee of Bylsa was also injure ...
Vizsla Royalties Provides Update on Principal Asset
Newsfile· 2025-01-08 14:13
Company Update - Vizsla Royalties Corp provides an update on its principal asset, a net smelter return royalty on the Panuco silver-gold project owned by Vizsla Silver Corp [1] - Vizsla Silver reported an updated mineral resource estimate for Panuco, with combined measured and indicated resources of 222.4 Moz AgEq and inferred resources of 138.7 Moz AgEq [2] Mineral Resource Highlights - Measured and indicated resources increased by 43% from 155.8 to 222.4 Moz AgEq, with a 4.5% increase in average grade to 534 g/t AgEq [6] - New measured resources added 46 Moz AgEq, while new indicated resources added 176 Moz AgEq [8] - Inferred resources decreased by 18% from 169.6 to 138.7 Moz AgEq, mainly due to conversion to indicated resources [8] - The updated mineral resource represents less than 10% of the known vein strike in the Panuco district [8] Key Statistics - Copala area shows a 9.4% increase in combined measured and indicated grade, from 580 g/t to 635 g/t AgEq [8] - Global indicated grade increased by 4.5% from 511 g/t to 534 g/t AgEq [8] - Inferred grade decreased by 4.9% from 433 g/t to 412 g/t AgEq [8] - 91% of the updated mineral resource value is from precious metals, with 56% from silver [8] Exploration and Development - Total all-in exploration cost is US$0.41/oz AgEq discovered [8] - Vizsla Silver's drilling efforts in 2024 targeted the Copala and Napoleon areas, significantly increasing resource confidence [6] - The company announced its first-ever measured resource estimate, containing 46 Moz at an average grade of 640 g/t AgEq [6] Financial and Operational Outlook - A Preliminary Economic Study for Panuco highlights 15.2 Moz AgEq of annual production over an initial 10.6-year mine life [12] - The study projects an after-tax NPV5% of US$1.1B, 86% IRR, and a 9-month payback at US$26/oz Ag and US$1,975/oz Au [12] Technical and Scientific Review - The updated mineral resource estimate has been reviewed and approved by Jesus Velador, Ph.D. MMSA QP, in accordance with NI 43-101 [11]
VIZSLA SILVER ANNOUNCES 43% INCREASE IN MEASURED AND INDICATED MINERAL RESOURCES AT PANUCO, INCLUDING 46 MOZ GRADING 640 G/T AGEQ IN FIRST MEASURED RESOURCE ESTIMATE
Prnewswire· 2025-01-06 11:00
NYSE: VZLA TSX: VZLA VANCOUVER, BC, Jan. 6, 2025 /PRNewswire/ - Vizsla Silver Corp. (NYSE: VZLA) (TSX: VZLA) (Frankfurt: 0G3) ("Vizsla Silver" or the "Company") is pleased to announce the results of an updated mineral resource estimate ("Updated Mineral Resource Estimate") for its flagship, 100% owned Panuco silver-gold project (the "Project" or "Panuco") located in Sinaloa, Mexico. The Updated Mineral Resource Estimate was completed by Allan Armitage, Ph.D., P.Geo., of SGS Geological Services. Highligh ...