Welcome to our dedicated page for Vizsla Silver news (Ticker: VZLA), a resource for investors and traders seeking the latest updates and insights on Vizsla Silver stock.
Vizsla Silver Corp (VZLA) is a mineral exploration company advancing its Panuco silver-gold project in Sinaloa, Mexico through systematic drilling and technical analysis. This page aggregates official news releases and verified updates about the company’s exploration activities, resource developments, and operational milestones.
Investors and industry observers will find timely updates on infill drilling results, mineral resource estimates, and geological assessments. All content is sourced directly from the company to ensure accuracy, with a focus on technical disclosures that meet NI 43-101 standards and certified laboratory analysis.
Key updates include progress reports on high-grade vein discoveries, resource classification upgrades, exploration strategy adjustments, and leadership insights. The curated collection serves as a reliable reference for understanding the company’s evolving resource base and exploration methodology.
Bookmark this page for streamlined access to Vizsla Silver’s latest developments. Check back regularly for new press releases detailing drilling outcomes, project expansions, and strategic initiatives in one of Mexico’s most prospective mining districts.
Vizsla Silver Corp. (NYSE: VZLA) reported a tragic accident at its Panuco silver-gold project in Sinaloa, Mexico. On January 9, 2025, a landslide at an exploration drill pad resulted in the death of an employee from contractor Bylsa Drilling and left another in critical condition at the hospital.
The company has suspended all activities at the project pending an investigation into the cause of the incident. Management is cooperating fully with local authorities and providing support to the affected families, communities, and employees. CEO Michael Konnert expressed deep sadness over the incident and committed to conducting a detailed investigation in collaboration with Bylsa and local authorities.
Vizsla Silver announced a significant update to its Panuco silver-gold project mineral resource estimate, showing a 43% increase in combined measured and indicated mineral resources from 155.8 to 222.4 Moz AgEq. The update includes the company's first measured resource of 46 Moz AgEq grading 640 g/t AgEq.
Key highlights include:
- Combined Measured and Indicated Resources: 12.96 Mt grading 307 g/t silver, 2.49 g/t gold
- 4.5% increase in global indicated grade to 534 g/t AgEq
- 18% decrease in inferred mineral resources to 138.7 Moz AgEq
- Total all-in exploration cost of US$0.41/oz AgEq discovered
The updated estimate covers ~8.6 km of the known 86 km cumulative vein strike, based on 979 holes totaling 372,685 metres. The company plans to advance the project toward production in late 2027 while continuing district-scale exploration through a 10,000-metre discovery-based drill campaign.
Vizsla Silver (TSX: VZLA) has initiated a fully funded and permitted test mining and bulk sample program at its 100%-owned Panuco silver-gold project in Sinaloa, Mexico. The program aims to validate geotechnical conditions, reconcile resource models, and build operational experience.
The program includes approximately 1,071 meters of ramp and lateral development, with plans to mine about 10,000 tonnes of high-grade material. The company has awarded contracts to two Mexican contractors: Econsa for earthworks and OMyTC for underground mining operations. The program commenced on November 28, 2024, with bulk earthworks.
Additionally, Vizsla continues exploration with a 10,000-metre discovery-based drill campaign using two rigs in the eastern district, and has contracted Geofisica TMC for a ground HLEM survey. A Feasibility Study is planned for H2 2025, following an updated mineral resource estimate in early Q1 2025.
Vizsla Silver (VZLA) has received final approval to graduate from the TSX Venture Exchange to the Toronto Stock Exchange. Trading on TSX will begin November 7, 2024, under the symbol 'VZLA', while delisting from TSXV occurs November 6, 2024. The company will maintain its NYSE American listing. The uplisting represents a growth milestone that is expected to increase market visibility and broaden investor exposure. Vizsla's Panuco silver-gold project recently completed a Preliminary Economic Study showing 15.2 Moz AgEq annual production over 10.6 years, with after-tax NPV5% of US$1.1B and 86% IRR.
Vizsla Silver has received conditional approval to graduate from TSX Venture Exchange to the Toronto Stock Exchange (TSX), pending final conditions. The company's common shares will continue trading under symbol VZLA on both TSX and NYSE American. No action is required from shareholders for this transition.
Additionally, under its ATM Program launched September 13, 2024, the company issued 3,900,000 common shares on NYSE American at an average price of US$2.1892, generating gross proceeds of US$8.54 million with commissions of US$256,136.40 paid to agents for the quarter ended October 31, 2024.
Vizsla Silver's Mexican subsidiary, Minera CANAM, has been awarded the Socially Responsible Company Distinction (ESR) for the third consecutive year since 2022. This recognition, Mexico's highest corporate social responsibility award, is jointly presented by CEMEFI and ALIARSE to companies demonstrating exceptional commitment to social and environmental values.
The company has also received the Safe and Healthy Work Environments Distinction (ELSSA) for implementing strategies to enhance worker health, safety, and well-being. Since 2019, Vizsla has focused on responsible mining at the Panuco Project, emphasizing environmental stewardship, operational transparency, community support, and maintaining safe working conditions.
Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) has completed the acquisition of the past-producing La Garra-Metates district in the Panuco – San Dimas corridor. The company will make cash payments totaling US$3,075,000 and issue 5,555,555 common shares at a deemed price of US$1.26 per share over 24 months. 90% of the shares will be subject to voluntary resale restrictions over 36 months. Vizsla Silver has paid US$1,606,500 in back taxes on the concessions and granted the sellers a 1% net smelter returns royalty (NSR), which can be repurchased for US$750,000. Additionally, a 2% NSR was granted to Asteria Mining Services as a finder's fee.
Vizsla Silver Corp. (VZLA) has announced a $65 million bought deal financing through the issuance of 25,000,000 common shares at $2.60 per share. The offering, led by Canaccord Genuity, includes an over-allotment option for an additional 15% of shares, potentially increasing the total gross proceeds to $74,750,000. The company plans to use the net proceeds to advance its Panuco Project, as well as for working capital and general corporate purposes. The offering is expected to close around September 19, 2024, subject to regulatory approvals. The shares will be offered via a prospectus supplement in Canada and the United States, with documents available on SEDAR+ and EDGAR.
Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) has updated its at-the-market equity program (ATM Program) to offer and sell up to US$100 million of common shares. The sales will be made through designated agents on the TSX Venture Exchange and NYSE American. The offering is made pursuant to a prospectus supplement dated September 13, 2024, to the company's base shelf prospectus. Net proceeds will fund ongoing work programs at the Panuco Project, working capital, and general corporate purposes. The ATM Program will be effective until all shares are sold or the base shelf prospectus expires. CEO Michael Konnert stated that having an ATM Program available provides optionality, noting that the company never utilized its previous ATM from April 2021 to March 2023.
Vizsla Silver Corp. (VZLA) has filed a technical report titled 'Panuco Project – NI 43-101 Technical Report and Preliminary Economic Assessment' (PEA) with an effective date of July 24, 2024. The PEA, independently completed by Ausenco Engineering Canada ULC, supported by Entech Mining and SGS Canada Inc., is now available on SEDAR+ and the company's website. This report follows the previously announced PEA results on July 24, 2024, providing a comprehensive economic assessment of the Panuco Project. The filing of this technical report marks a significant milestone for Vizsla Silver, offering investors and stakeholders detailed insights into the project's potential economic viability and future prospects.
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