Vizsla Silver Stock Price, News & Analysis

Vizsla Silver (NYSE: VZLA) priced a US$250 million offering of convertible senior unsecured notes due 2031, expected to close on or about November 24, 2025, with an initial purchasers' option for an additional US$50 million. The Notes carry a 5.00% cash interest rate and an initial conversion rate equal to 171.3062 shares per US$1,000 (≈ US$5.84 per share), a ~25% premium to the Nov 19, 2025 NYSE American close.

Estimated net proceeds are ~US$239.4 million (≈ US$285.9 million if option exercised). The company intends to use proceeds for Panuco Project exploration and development, potential acquisitions, general corporate purposes, and to fund capped call transactions (~US$39.6 million) to limit economic dilution. Notes convertible into shares, cash or combination; capped calls cap compensation with an initial cap price of US$10.5075 per share.

Vizsla Silver (NYSE: VZLA) announced a proposed offering of US$250 million of convertible senior unsecured notes due Jan. 15, 2031, with initial purchasers granted a 13‑day option to buy up to an additional US$50 million. Net proceeds are planned for exploration and development of the Panuco Project, potential acquisitions and general corporate purposes.

The Notes will accrue interest paid semi‑annually beginning July 15, 2026, and may convert into shares, cash or a mix at the company’s election; conversion is restricted before Oct. 15, 2030. Vizsla expects to use part of proceeds to buy cash‑settled capped calls intended to reduce economic dilution. The offering is subject to exchange and customary conditions and will be sold only to qualified institutional buyers.

Vizsla Silver (NYSE:VZLA) announced a positive Feasibility Study for its 100%‑owned Panuco silver‑gold project (effective date Nov 4, 2025). The base case assumes US$35.50/oz Ag and US$3,100/oz Au and reports an after‑tax NPV(5%) of US$1,802M, an after‑tax IRR of 111% and a 7‑month payback. Initial costs are US$173.0M with initial capital of US$238.7M and sustaining capital of US$287.3M.

The mine plan yields LOM average 17.4 Moz AgEq/year (20.08 Moz AgEq/year in Years 1–5), LOM AISC of US$10.61/oz AgEq, and a 9.4‑year mine life targeting production in H2 2027.

Vizsla Silver (NYSE: VZLA / TSX: VZLA) reported results of its annual general and special meeting held October 2, 2025. Shareholders voted on board composition, an omnibus equity incentive plan, alteration of articles and auditor re-appointment.

• Shares voted: 181,024,637 (52.63% of outstanding at record date)
• Directors elected: Craig Parry; Michael Konnert; Simon Cmrlec; Harry Pokrandt; David Cobbold; Eduardo Luna; Sukhjit (Suki) Gill
• Voting support: Director vote percentages ranged from 90.16% to 99.83% (see Table 1)
• Auditor change: MNP LLP replaced by Deloitte LLP effective October 3, 2025; prior two years' audits had no qualifications
• Filings: Notice and auditor letters filed on SEDAR+ and EDGAR

Vizsla Silver (NYSE: VZLA) has released its third annual Sustainability Report, showcasing its commitment to sustainable mining practices and community engagement. The company has invested over US$600,000 in local community initiatives over the past three years, with US$205,300 invested in the latest period.

Key achievements include the cultivation of 5,000 native trees from 19 different species for future restoration, rehabilitation of legacy tailing storage facilities, and renewal of the ESR (Social Responsibility) distinction for the fourth consecutive year. The company has also strengthened its ESG reporting framework and partnered with Venados de Mazatlán baseball team for community well-being initiatives.

Vizsla Silver (NYSE:VZLA) has appointed Eduardo Luna as Lead Director of the Board. Luna, who joined as an independent director in November 2023, is a respected mining leader and member of the Mexican Mining Hall of Fame with over four decades of experience in developing major Mexican mines.

Luna's expertise includes leadership roles at Goldcorp, Wheaton River, and Primero Mining, particularly in developing the San Dimas Mine, which shares geological similarities with Vizsla's Panuco Project. He currently serves on the Board of Directors at Coeur Mining and as Chairman of Rochester Resources.

Additionally, the company granted 1,550,000 performance-based restricted share units (PRSUs) to officers, employees, and consultants, vesting over three years following the announcement of the Panuco Project's Feasibility Study.

Vizsla Silver (NYSE: VZLA) has secured a mandate letter with Macquarie Bank Limited for a US$220 million senior secured project finance facility to fund the development of its Panuco silver-gold project in Mexico. The facility includes an initial US$25 million early-drawdown tranche for immediate funding needs.

Macquarie will retain a 70% interest in the facility and manage syndication of the remaining 30%. The facility's interest cost is expected to be around 10% during construction and below 10% post-completion, with margins of 5.75% and 5.25% respectively. The Morgan test mine is progressing as planned, validating key assumptions for the upcoming feasibility study.

The closing is targeted for Q1 2026, subject to due diligence, definitive agreements, and other conditions. The financing is expected to fully fund the Panuco Project through to first silver production.

Vizsla Silver (NYSE:VZLA) has announced a change in its transfer agent from Computershare Trust Company to Odyssey Trust Company, effective August 11, 2025. This administrative change requires no action from shareholders.

For any inquiries regarding shareholder records, share transfers, lost certificates, or address changes, shareholders should now contact Odyssey Trust Company through their toll-free number (1-888-290-1175) or email at shareholders@odysseytrust.com.

Vizsla Silver (NYSE:VZLA) announced significant exploration updates at its flagship Panuco silver-gold district in Mexico and outlined plans for its newly acquired Santa Fé property. The company has completed a HLEM survey revealing new targets near Project #1 and plans to execute a 25,000-meter exploration drilling program in 2025.

Key developments include: completion of 390,000 meters of diamond drilling since Napoleon discovery, mapping of 68% of the district at 1:1,000 scale, collection of over 5,000 rock chip samples, and identification of 158 targets, of which 43 have been drill-tested. The company recently expanded its land package by 650% to over 47,000 Ha in the Panuco-San Dimas corridor.

At Santa Fé, which includes a 350 tonne-per-day operating mill, historical production between 2020-2024 processed 370,366 tonnes of ore averaging 203 g/t silver and 2.17 g/t gold.