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 reporting by Abdul Rahman for Insider Monkey.
The appointments represent another milestone in advancing Panuco, 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 study outlined an after-tax net present value (NPV) of US$1.8 billion, a 111% internal rate of return (IRR), and a seven-month payback period, based on silver prices of US$35.50 per ounce and gold prices of US$3,100 per ounce.
Investors have responded positively to the project's progress, with Vizsla Silver's shares climbing more than 60% over the past year. The company is focused on becoming a leading primary silver producer through concurrent mine development and district-scale exploration at Panuco.
For more information on the feasibility study and project details, visit Vizsla Silver's website.
