Research analysts covering Vizsla Silver.
Recent press releases and 8-K filings for VZLA.
Vizsla Silver Corp. Provides 2025 Year-End Summary and 2026 Outlook
VZLA
New Projects/Investments
Guidance Update
Debt Issuance
- Vizsla Silver Corp. published a Feasibility Study in November 2025 for its Panuco project, outlining 17.4 million ounces of annual silver equivalent production over an initial 9.4-year mine life, an after-tax NPV (5%) of US$1.8 billion, 111% IRR, and a 7-month payback.
- The Panuco project is fully funded for development and construction, ending 2025 with a cash position of over US$450 million, nearly double the initial capital expenditure requirement. This includes a US$300 million project financing facility secured in November 2025.
- For 2026, the company plans to advance detailed engineering, select contractors, and continue drilling, targeting first silver production in the second half of 2027 upon expected mid-year receipt of the MIA permit.
- In 2025, Vizsla Silver's share price increased by 220%, and a significant discovery at the Animas target intercepted 897 g/t AgEq over 5.8 meters.
Jan 20, 2026, 2:47 PM
Vizsla Silver Provides 2025 Year-End Summary and 2026 Outlook
VZLA
New Projects/Investments
Guidance Update
Debt Issuance
- Vizsla Silver's Feasibility Study, published in November 2025, highlighted an after-tax NPV (5%) of US$1.8 billion, an 111% IRR, and a 7-month payback for its Panuco project, with annual production averaging 20.1 Moz AgEq over the first five years.
- The company is fully financed for the Panuco project, ending 2025 with over US$450 million in cash, almost double the initial capital expenditure requirement, following a US$300 million project financing facility and US$160 million in equity raised in 2025.
- In 2025, Vizsla Silver's share price increased by 220% from US$1.71 to US$5.47 per share, and a new high-grade discovery at Animas intercepted 897 g/t AgEq over 5.8 meters.
- For 2026, key objectives include advancing detailed engineering, selecting contractors, and a 60,000-meter district-wide drill program, with the company targeting first silver production in the second half of 2027 after expected MIA permit receipt mid-year.
Jan 20, 2026, 11:00 AM
Vizsla Silver Reports High-Grade Intercepts at Copala Project
VZLA
New Projects/Investments
Revenue Acceleration/Inflection
- Vizsla Silver reported high-grade silver equivalent (AgEq) intercepts from 11 geotechnical drill holes at its Copala resource area within the Panuco silver-gold project in Mexico on January 13, 2026.
- Key intercepts include 1,800 g/t AgEq over 3.80 metres true width (DDH-CAP-008B) and 840 g/t AgEq over 6.50 metres true width (DDH-CAP-003A), validating high-grade continuity at Copala.
- These results support engineering studies for mine development, with the company planning to continue upgrading resources through 2026 via underground drilling.
- A Feasibility Study completed in November 2025 for the Panuco project outlines 17.4 Moz AgEq of annual production over a 9.4-year mine life, an after-tax NPV(5%) of US$1.8B, and 111% IRR.
Jan 13, 2026, 4:21 PM
Vizsla Silver Reports High-Grade Intercepts from Geotechnical Drilling at Panuco Project
VZLA
New Projects/Investments
- Vizsla Silver Corp. reported results from 11 geotechnical drill holes targeting the Copala resource area at its Panuco silver-gold project in Mexico.
- Highlights from the drilling include 1,800 grams per tonne (g/t) silver equivalent (AgEq) over 3.80 metres true width (mTW) (1,284 g/t silver and 7.51 g/t gold) from DDH-CAP-008B, and 840 g/t AgEq over 6.50 mTW (681 g/t silver and 2.58 g/t gold) from DDH-CAP-003A.
- These geotechnical drill results, completed between May 2025 and August 2025, also serve as infill holes, validating the exceptional high-grade continuity at Copala.
- Vizsla Silver commenced a fully funded and permitted test mine and bulk sample program at Copala on December 11, 2024, and an aggressive underground infill drilling campaign from the 480-level on December 24, 2025, to upgrade additional resources.
- The Panuco project's Feasibility Study, completed in November 2025, highlights 17.4 Moz AgEq of annual production over an initial 9.4-year mine life, with an after-tax NPV(5%) of US$1.8B.
Jan 13, 2026, 11:00 AM
Vizsla Silver to Acquire Strategic Claims from Fresnillo plc
VZLA
M&A
New Projects/Investments
- Vizsla Silver Corp. announced on December 18, 2025, an agreement to acquire ten claims totaling 2,378 Ha, including 1,734 Ha of strategic claims, adjacent to its Panuco project from Fresnillo plc.
- The consideration for the acquisition includes a cash payment of US$2,000,000 and the issuance of 854,697 common shares to Fresnillo.
- This acquisition is expected to provide new high-priority targets, potentially growing the resource base and bolstering mine economics for the Panuco project.
- The Panuco project's Feasibility Study, completed in November 2025, highlights 17.4 Moz AgEq of annual production over a 9.4-year mine life with an after-tax NPV (5%) of US$1.8B.
Dec 19, 2025, 4:00 PM
Vizsla Silver to Acquire Strategic Claims from Fresnillo plc
VZLA
M&A
New Projects/Investments
- Vizsla Silver Corp. has agreed to acquire ten claims totaling 2,378 Ha, including 1,734 Ha of Strategic Claims adjacent to its Panuco project, from Fresnillo plc.
- The consideration for the acquisition includes a US$2,000,000 cash payment and the issuance of 854,697 common shares (valued at US$4,000,000) to Fresnillo.
- This acquisition is expected to provide Vizsla Silver with new high-priority targets, potentially growing the overall resource base and bolstering mine economics for its Panuco project.
- The Panuco project recently completed a Feasibility Study in November 2025, highlighting 17.4 Moz AgEq of annual production over a 9.4-year mine life, an after-tax NPV (5%) of US$1.8B, and 111% IRR.
Dec 18, 2025, 11:00 AM
Vizsla Silver Reports Q2 2026 Results, Secures US$300 Million in Convertible Notes, and Advances Panuco Project
VZLA
Earnings
Debt Issuance
New Projects/Investments
- Vizsla Silver Corp. reported a comprehensive gain of $16,714,968 for the six months ended October 31, 2025, primarily driven by a $21,886,090 foreign currency translation gain. The company also maintained a strong liquidity position with cash and cash equivalents of $194,479,320 and working capital of $292,069,844 as of October 31, 2025.
- On November 24, 2025, the company closed an offering of US$300 million in 5.00% convertible senior unsecured notes due 2031, resulting in approximately US$286 million in net proceeds. This financing followed the termination of a mandate letter for a senior secured project finance facility with Macquarie Bank Limited.
- Vizsla Silver announced positive results from an independent Feasibility Study for its Panuco silver-gold project on November 12, 2025, and is advancing permitting and project financing initiatives towards a construction decision. Additionally, the company completed the acquisition of exploration concessions for the Santa Fe Project as of October 31, 2025.
Dec 11, 2025, 11:55 PM
Vizsla Silver Files Feasibility Study Technical Report for Panuco Project
VZLA
New Projects/Investments
- Vizsla Silver Corp. announced the filing of its Feasibility Study Technical Report for the Panuco Project, with an effective date of November 4, 2025, and filed on December 9, 2025.
- The Feasibility Study highlights an after-tax NPV(5%) of US$1.8 billion and an Internal Rate of Return (IRR) of 111%, based on assumptions of US$35.50/oz Ag and US$3,100/oz Au.
- The project is projected to deliver 17.4 Moz AgEq of annual production over an initial 9.4-year mine life, with a 7-month payback period.
Dec 9, 2025, 1:16 PM
Vizsla Silver Corp. Reports Updated Mineral Resource Estimate and Positive Economic Analysis for Panuco Project
VZLA
New Projects/Investments
- Vizsla Silver Corp. reported an Updated Mineral Resource Estimate for its Panuco Project as of September 9, 2024, with 12.96 Mt of Measured and Indicated resources grading 534 g/t AgEq (equivalent to 222.4 Moz AgEq).
- The project's economic analysis shows a pre-tax Net Present Value (NPV) of $2,842 million and an Internal Rate of Return (IRR) of 159.3% at a 5% discount rate.
- Post-tax, the NPV (5%) is $1,802 million and the IRR is 111.1%.
- Total operating costs are estimated at $85.11 per tonne processed, with Cash Cost 1 at $8.56 per ounce AgEq and All-in Sustaining Cost 2 at $10.61 per ounce AgEq.
- Vizsla has conducted extensive drilling on the Panuco Project, totaling 396,382.22 meters across 1,052 drill holes through July 2025.
Dec 9, 2025, 1:13 PM
Vizsla Silver Files Feasibility Study Technical Report for Panuco Project
VZLA
New Projects/Investments
- Vizsla Silver Corp. has filed a technical report for its Panuco Project Feasibility Study (FS), with an effective date of November 4, 2025.
- The FS highlights 17.4 Moz AgEq of annual production over an initial 9.4-year mine life.
- Key financial metrics from the FS include an after-tax NPV(5%) of US$1.8 billion, an IRR of 111%, and a 7-month payback period.
- The company has not made a production decision for the Panuco Project.
Dec 9, 2025, 1:01 PM
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