Core Viewpoint - Zacatecas Silver Corp. is experiencing significant operational progress and regulatory improvements in Mexico, particularly benefiting its Esperanza Gold Project and overall portfolio [1][2]. Group 1: 2025 Progress and Current Portfolio - 2025 marked a revitalization year for the company, positioning it for a catalyst-driven 2026 with key accomplishments [2]. - The company controls a high-quality, resource-backed portfolio anchored by two advanced assets in Mexico, providing leverage to silver and gold [2]. Group 2: Regulatory Developments - A notable shift in Mexico's mining sector occurred with the granting of an open-pit mining permit to Silver Tiger Metals Inc., marking the first new permit since 2020 [5]. - This approval indicates an evolving regulatory environment, potentially opening doors for advanced projects like those of Zacatecas Silver [5][6]. Group 3: Project Details - The Zacatecas Silver Project has an inferred mineral resource of 20.5 million ounces of silver equivalent from 3.41 million tonnes at 187 g/t Ag Eq [4]. - The Esperanza Gold Project has a measured and indicated mineral resource of 30.5 million tonnes at 0.97 g/t AuEq, totaling 956,000 ounces AuEq [4][21]. Group 4: Drilling and Community Engagement - The company is set to commence a 4,000-metre drill program at the Zacatecas Silver Project, focusing on high-priority targets [9][10]. - Community engagement has been a critical success factor, with recent agreements providing secure access for drilling and future exploration [11]. Group 5: Strategic Positioning - The company believes Esperanza is one of the most compelling undeveloped gold assets in Mexico, particularly with the improving permitting environment [12][13]. - The macro backdrop for silver and gold is strengthening, and the company is well-positioned to benefit from these trends [14]. Group 6: CEO Commentary - The CEO highlighted the market's shift towards re-rating high-quality, buildable assets, emphasizing Esperanza's strategic importance in the current landscape [15].