Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) has taken a significant step forward in developing its Panuco silver-gold project in Mexico by awarding key contracts to M3 Engineering and Mining Plus, according to a report by Abdul Rahman for Insider Monkey. The company selected M3 Engineering for engineering, procurement and construction management services, while Mining Plus will handle mine design and development work during the pre-production phase. These appointments mark a milestone in advancing the project, which a November 2025 feasibility study projects will produce an average of 17.4 million ounces of silver equivalent annually over at least nine years.
Shares of Vizsla Silver have climbed more than 60% over the past year as investors monitor progress at the high-grade asset in Sinaloa, Mexico. The feasibility study outlined an after-tax net present value (5%) of US$1.8 billion, a 111% internal rate of return, and a seven-month payback period at US$35.50 per ounce of silver and US$3,100 per ounce of gold. The company aims to become a leading primary silver producer by concurrently advancing mine development and district-scale exploration.
For more details on the contract awards, view the full article at https://ibn.fm/cJRfH. Additional information about Vizsla Silver is available at https://vizslasilvercorp.com/.
