Vizsla Silver Stock Price, News & Analysis

Vizsla Silver Corp. (NYSE: VZLA, TSX-V: VZLA) has announced an updated exploration plan for its Panuco Project in Sinaloa, Mexico. The company plans to conduct 10,000 metres of new exploration drilling targeting high-priority zones in the central and east areas of the district, with a focus on identifying the next epicenter of high-grade mineralization. Additionally, 5,000 meters of resource infill/expansion drilling will be completed in the Copala central area.

This comprehensive plan also includes geophysical surveys over 950 line-km and aims to update the mineral resource estimate by Q4 2024. The previous drilling efforts have resulted in multiple new discoveries and a robust resource base that will serve as the foundation for Panuco Project 1.

Recent acquisitions of La Garra and San Enrique properties have extended Vizsla's land package, promising further exploration upside. The company is leveraging advanced technologies like AI and machine learning to enhance targeting, alongside traditional methods.

Vizsla Silver Corp. (TSX-V: VZLA, NYSE: VZLA) has announced a positive preliminary economic assessment (PEA) for its Panuco silver-gold project in Mexico. The PEA, conducted by Ausenco and supported by Entech and SGS, forecasts an after-tax NPV (5%) of $1.137 billion and an after-tax IRR of 85.7%. The project requires an initial capex of $224 million and is expected to produce an average of 15.2 million ounces of silver equivalent (AgEq) annually at an all-in sustaining cost (AISC) of $9.40 per ounce AgEq over an 11-year mine life. The mine is anticipated to generate substantial free cash flow with a rapid payback period of nine months. Ongoing drilling is expected to further enhance the project's economics. Key metrics include a 3,300 tpd production rate for the first three years, expanding to 4,000 tpd in Year 4, and a life-of-mine (LOM) average annual production of 15,225 koz AgEq. The assessment is based on conservative metal prices of $26/oz silver and $1,975/oz gold.

Vizsla Silver Corp. (NYSE/TSXV: VZLA) has announced exceptional results from five new drill holes at the Copala resource area within its Panuco silver-gold project in Mexico. Notably, hole CS-24-356 yielded 8,817 g/t silver equivalent (AgEq) over 4.20 metres true width (mTW), including the highest-grade intercept ever recorded at Panuco with 55,769 g/t AgEq over 0.64 mTW. This intercept comprises 9,920 g/t silver and 663 g/t gold.

Additional highlights include hole CS-24-362 with 1,103 g/t AgEq over 10.50 mTW, including 4,881 g/t AgEq over 1.47 mTW. The drilling program, aimed at converting near-surface Indicated Mineral Resources to Measured Resources, confirms high-grade mineral continuity and expands mineralization closer to the surface. The ongoing 10,000-metre infill program is expected to conclude by mid to late July, with further exploration planned to upgrade and expand resources in high-priority areas.

Vizsla Silver announces the final approval of its plan to spin out its subsidiary, Vizsla Royalties Corp, from the TSX Venture Exchange.

The reorganization will be effective at 12:01 a.m. on June 24, 2024. Current shares of Vizsla Silver will be delisted from the TSX Venture Exchange at the close of business on June 21, 2024, with new shares commencing trading on June 24, 2024. The CUSIP number for the new shares will be 92859G608.

On June 19, 2024, Vizsla Silver announced that the Supreme Court of British Columbia approved its plan of arrangement with Vizsla Royalties Corp. Under this arrangement, shareholders will receive one new Vizsla Silver share, one-third of a Vizsla Royalties common share, and one-third of a Vizsla Royalties share purchase warrant for each Vizsla Silver share held. This arrangement will result in Vizsla Royalties no longer being a wholly-owned subsidiary of Vizsla Silver. The closing of the arrangement is expected on June 24, 2024.

Vizsla Silver Corp. (NYSE: VZLA, TSX-V: VZLA, Frankfurt: 0G3) announced that shareholders approved the plan of arrangement with Vizsla Royalties Corp. at a special meeting. Shareholders will receive one-third of a common share and one-third of a common share purchase warrant of Spinco for each Vizsla Silver share held. 43.69% of the outstanding shares were present, and the arrangement was approved by 85.03% of the votes. The Spinco share option plan was also approved by 69.16% of votes. The company will seek a final order from the Supreme Court of British Columbia on June 19, 2024. Shareholders of record on June 21, 2024, will receive Spinco securities.

Vizsla Silver Corp has announced promising results from 12 new drill holes in its 100%-owned Panuco silver-gold project in Mexico.

Key highlights include:

- Drill hole CS-24-354 returned 1,503 g/t silver equivalent (AgEq) over 13.00m true width (TW), including 6,229 g/t AgEq over 1.40m TW.

- CS-24-344 returned 1,363 g/t AgEq over 8.70m TW.

- CS-24-352 returned 2,872 g/t AgEq over 5.00m TW.

- CS-24-347 returned 2,440 g/t AgEq over 6.00m TW.

The drilling confirms high-grade silver and gold mineralization continuity at Copala, essential for a Preliminary Economic Assessment planned for early Q3 2024.

Copala currently hosts indicated resources of 83.3 Moz AgEq at 573 g/t AgEq and inferred resources of 48.3 Moz AgEq at 476 g/t AgEq.

Additionally, Vizsla granted 6,050,000 stock options and 775,000 restricted share units to its directors, officers, employees, and consultants, subject to TSX Venture Exchange and NYSE American approval.

Vizsla Silver Corp. (NYSE: VZLA, TSXV: VZLA) has announced key dates and details for the potential spinout of Vizsla Royalties Corp. If approved at the Special Meeting on June 17, 2024, the final court order will be sought on June 24, 2024. Shareholders of record on June 21, 2024, will receive one-third of a Spinco Share and one-third of a Spinco Warrant for each Vizsla Silver Share held. Spinco Warrants will allow purchasing Spinco Shares at $0.05 until the earlier of 120 days post-listing on TSXV or December 31, 2025. Vizsla Silver shareholders will own approximately 45% of Spinco post-arrangement. Spinco aims to list shares and warrants on TSXV and will undertake several post-closing steps, including a $3.5M loan from Vizsla Silver and a $3M private placement.

Vizsla Silver Corp. (NYSE: VZLA, TSX-V: VZLA) has announced a special shareholder meeting on June 17, 2024, to approve the spinout of Vizsla Royalties Corp. (Spinco). Shareholders will receive one-third of a Spinco share and one-third of a Spinco warrant per Vizsla Silver share, with the warrant exercisable at $0.05 until December 31, 2025. Approval requires two-thirds of the shareholder votes. If approved, the spinout is expected to close by June 24, 2024.

Post-Arrangement, Vizsla shareholders will hold 45% of Spinco, while Vizsla retains 55%. Spinco has applied for TSXV listing, subject to fulfilling listing requirements. Post-closing steps include loan settlements, an additional $3.5M loan from Vizsla, Spinco’s buyback rights, a $3M private placement, and a 1-for-10 share consolidation.