Vizsla Royalties (OTCPK:VROY.F) Update / Briefing Transcript

Summary of Vizsla Royalties Update / Briefing Company Overview - Company: Vizsla Royalties (OTCPK:VROY.F) - Industry: Silver and Gold Mining - Key Project: Panuco Mine in Mexico Core Points and Arguments 1. Feasibility Study Results: The recently published feasibility study positions Panuco as a tier-one asset with a post-tax NPV of $1.8 billion and a post-tax IRR of 111% on an initial capital cost of $238.7 million, indicating strong project economics [22][51][24] 2. Production Goals: The company aims to become a 50 million-ounce producer over the next decade, primarily driven by the Panuco mine [3] 3. Bond Issuance: Vizsla closed a $300 million bond issuance, the largest in the silver industry, providing sufficient capital to advance the Panuco project with a 5% coupon and a five-year maturity [5][6][12] 4. Operational Flexibility: The bond structure allows for cash, stock, or a combination settlement, providing flexibility without diluting equity, which is crucial for shareholder value [6][10][11] 5. Cost Efficiency: The all-in sustaining cost is projected at $10.61 per ounce, with operating costs at $85.11 per ton milled, reflecting the asset's quality and proximity to infrastructure [24][46] 6. Production Timeline: The company expects to receive necessary permits by mid-2026, allowing construction to proceed in the second half of 2026, with first silver production targeted by the end of 2027 [15][16][14] 7. Community Engagement: Vizsla has invested $8.6 million in local infrastructure projects and maintains a workforce composed of 70% local community members [20][19] 8. Exploration Potential: Less than 70% of the property is mapped, with only 28% of known veins explored, indicating significant upside potential for future resource expansion [17][65] Additional Important Content 1. Management Team: The leadership team includes experienced professionals with extensive backgrounds in mining and project delivery, enhancing confidence in project execution [4][3] 2. Environmental Considerations: The company has submitted an environmental impact assessment and secured long-term operating agreements with local communities, emphasizing sustainability [19][20] 3. Infrastructure Advantages: The Panuco project benefits from excellent site access, including proximity to a deep-water port and established power lines, which will facilitate operations [18][19] 4. Future Growth Opportunities: The company is exploring additional properties within its land package, with ongoing drilling programs aimed at expanding resources and reserves [62][63][64] This summary encapsulates the key insights from the Vizsla Royalties update, highlighting the company's strategic direction, financial health, and growth potential within the silver mining industry.