Vizsla Silver Stock Price, News & Analysis

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.

Vizsla Silver (NYSE: VZLA) has successfully completed the over-allotment option of its bought deal public offering, with underwriters purchasing an additional 5,000,100 common shares at US$3.00 per share, generating extra gross proceeds of US$15,000,300.

The offering, led by Canaccord Genuity Corp., follows the initial issuance of 33,334,000 shares. The company plans to use the net proceeds to advance the exploration of the Panuco Project, develop the Santa Fe Project, pursue potential acquisitions, and support working capital needs.

Vizsla Silver (NYSE:VZLA) has successfully completed its previously announced bought deal public offering, raising US$100 million through the sale of 33,334,000 common shares at US$3.00 per share.

The offering was led by Canaccord Genuity as sole bookrunner, with participation from CIBC Capital Markets, National Bank Financial, Ventum Financial, BMO Capital Markets, and Raymond James. The company has granted underwriters a 30-day over-allotment option to purchase up to 5,000,100 additional shares.

The net proceeds will be used to advance the exploration and development of the Panuco Project, exploration of the Santa Fe Project, potential future acquisitions, and working capital purposes.

Vizsla Silver Corp. (VZLA) has announced a US$100 million bought deal financing through a common share offering. The company will issue 33,334,000 common shares at US$3.00 per share, with an over-allotment option for an additional 15% that could increase total proceeds to US$115 million if exercised in full. The offering, expected to close around June 26, 2025, will be led by Canaccord Genuity as sole bookrunner. The net proceeds will be used to advance the exploration, drilling, and development of the company's Panuco Project, along with working capital and general corporate purposes. The shares will be offered in all Canadian provinces (except Quebec) and the United States through various prospectus filings under the Canada/U.S. multi-jurisdictional disclosure system.

Vizsla Silver Corp. (VZLA) has provided an update on its Copala test mine development at the Panuco silver-gold project in Sinaloa, Mexico. The company has advanced 125 meters along the Copala decline, which is progressing at 4 meters per day with plans to optimize to 8 meters daily. The decline, measuring 5.5m x 5.5m, will facilitate a 10,000-tonne bulk sample extraction from the 460 level, approximately 70 meters below surface. The test mine program, expected to complete by year-end, represents a crucial transition from exploration to development. The portal is strategically located 300 meters from the proposed processing facility, with waste and ore staging areas within 200 meters. The program will support backfill planning, mine design optimization, and grade reconciliation while enabling cost-effective underground resource drilling.

Vizsla Silver (NYSE: VZLA) has announced an agreement to acquire the Santa Fe Project, a 12,229-hectare property package including a producing mine and exploration concessions, located 22 km southeast of their flagship Panuco project. The acquisition's key features include:

The property includes a fully permitted 350 tpd flotation plant that produces silver and gold. From 2020-2024, the Santa Fe mine processed 370,366 tonnes of ore, averaging 203 g/t silver and 2.17 g/t gold. The project area is comprehensively surveyed with LiDAR, aero-magnetic, and radiometric coverage.

Previous drilling campaigns by Aurico Gold and Fortuna Mining identified high-grade shoots and anomalous silver in four other target areas. Notably, the producing mine and known vein prospects only account for 12% of the total property, suggesting significant exploration potential.

Vizsla Silver (NYSE: VZLA) has announced the resumption of field work activities at its Panuco silver-gold Project in Western Mexico. The company has restarted various operations including test mine development, geotechnical drilling, exploration drilling, mapping, and geophysical surveys following the normalization of security conditions in the region.

All employees, contractors, and consultants have completed Health and Safety refresher courses before returning to work. The underground test mine development continues on schedule and within budget, with the portal box cut completed and ramp development in progress. The company is currently operating two exploration rigs and is conducting mapping and geophysics around the Copala Resource to identify similar target areas across the district.

Vizsla Silver reports being well-funded and anticipates consistent news flow in the coming months, with upcoming catalysts including a Feasibility Study and potential advancement of a second project in the latter half of 2025.

Vizsla Silver (NYSE: VZLA) has announced its annual equity compensation grants. The company has issued 4,050,000 stock options at an exercise price of $2.90, 1,450,000 restricted share units (RSUs), and 850,000 deferred share units (DSUs) to its directors, officers, employees, and consultants. The stock options have a five-year exercise period with two-year vesting, while RSUs will vest in three equal annual installments. DSUs vest immediately but can only be exchanged for common shares when independent directors leave their positions. All grants are subject to TSX Venture Exchange and NYSE American approval.

Vizsla Silver (TSX: VZLA) (NYSE: VZLA) has announced an update to its at-the-market equity program, enabling the company to offer and sell up to US$200 million of common shares through designated Agents. The sales will be conducted on the Toronto Stock Exchange and NYSE American at prevailing market prices.

The ATM Program will be facilitated through an equity distribution agreement dated April 28, 2025, involving Canaccord Genuity and CIBC Capital Markets as lead agents, along with National Bank Financial and BMO Capital Markets. The program will remain effective until either all shares are sold or the base shelf prospectus expires.

The net proceeds will be used to fund ongoing work programs at the Panuco Project, working capital, and general corporate purposes. This update replaces the company's previous at-the-market equity distribution agreement from September 13, 2024.