VIZSLA SILVER PROVIDES UPDATE ON SITUATION IN CONCORDIA, MEXICO

Rhea-AI Summary

Vizsla Silver (NYSE: VZLA / TSX: VZLA) reported on Feb. 9, 2026 that several colleagues taken from its Concordia, Mexico project site have been reported found deceased by families. The company is awaiting confirmation from Mexican authorities and says it will provide further updates as appropriate.

Management expressed condolences and stated its focus remains on recovering those still missing and supporting affected families and staff during this difficult time.

Positive

• Company coordinating with authorities and families
• Public commitment to support affected families and staff

Negative

• Multiple colleagues reported found deceased by families
• Operations at Concordia likely disrupted pending authority confirmations

News Market Reaction – VZLA

-11.30%

40 alerts

-11.30% News Effect

-17.8% Trough in 27 hr 3 min

-$202M Valuation Impact

$1.58B Market Cap

1.0x Rel. Volume

On the day this news was published, VZLA declined 11.30%, reflecting a significant negative market reaction. Argus tracked a trough of -17.8% from its starting point during tracking. Our momentum scanner triggered 40 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $202M from the company's valuation, bringing the market cap to $1.58B at that time.

Data tracked by StockTitan Argus on the day of publication.

Market Reality Check

Price: $3.15 Vol: Volume 8,520,106 is below...

normal vol

$3.15 Last Close

Volume Volume 8,520,106 is below 20-day average 11,098,777 (relative volume 0.77). normal

Technical Shares traded above the 200-day MA of 3.99 with a pre-news price of 4.6.

Peers on Argus

VZLA was up 7.23%, outpacing peers IPX (+2.5%), USAS (+8.85%), GSM (), LAC (+3.1...

VZLA was up 7.23%, outpacing peers IPX (+2.5%), USAS (+8.85%), GSM (), LAC (+3.1%) and NEXA (+1.72%). The move appeared more stock-specific than broad sector rotation.

Historical Context

5 past events · Latest: Jan 28 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 28	Security incident update	Negative	+3.0%	Company disclosed serious security incident with ten individuals taken from site.
Jan 20	Year-end outlook	Positive	+6.3%	Strong 2025 Panuco update with Feasibility Study economics and cash position.
Jan 13	Drill results	Positive	-0.2%	High-grade Copala intercepts and resource details from Feasibility Study.
Dec 18	Strategic acquisition	Positive	-1.7%	Agreement to acquire strategic mineral claims surrounding Panuco from Fresnillo.
Dec 09	Feasibility filing	Positive	+4.0%	NI 43-101 Feasibility Study technical report filed for Panuco project.

Pattern Detected

Recent news often showed divergence: security and technical positives sometimes met with muted or opposite price reactions.

Recent Company History

Over the past few months, Vizsla’s news flow centered on advancing the Panuco project and addressing security issues in Concordia. A prior security incident update on Jan 28, 2026 saw a modest gain despite negative implications. Earlier in January, strong 2025 results, a Feasibility Study with robust economics, and high‑grade drilling at Copala highlighted growth potential. An acquisition of strategic claims and the filing of the Feasibility Study rounded out a sequence of development‑focused milestones leading into this tragic update.

Market Pulse Summary

The stock dropped -11.3% in the session following this news. A negative reaction despite the stock’s...

Analysis

The stock dropped -11.3% in the session following this news. A negative reaction despite the stock’s earlier strength would fit a pattern where operational or security risks at Panuco become harder to ignore. The company had recently highlighted robust Feasibility Study economics and financing progress, but this tragic update from Concordia adds non-technical risk. Past news sometimes saw price divergence, so the durability of any selloff would depend on future clarity around safety and operations.

AI-generated analysis. Not financial advice.

NYSE: VZLA     TSX: VZLA

VANCOUVER, BC, Feb. 9, 2026 /PRNewswire/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") today reports that it has been informed by a number of families that their relatives, our colleagues, who were taken from the Company's project site in Concordia, Mexico, have been found deceased. The Company is awaiting confirmation from the Mexican authorities and will provide further updates as appropriate.

Michael Konnert, President & CEO of Vizsla, commented, "We are devastated by this outcome and the tragic loss of life. Our deepest condolences are with our colleagues' families, friends and co-workers, and the entire community of Concordia. Our focus remains on the safe recovery of those who remain missing and on supporting all affected families and our people during this incredibly difficult time."

View original content to download multimedia:https://www.prnewswire.com/news-releases/vizsla-silver-provides-update-on-situation-in-concordia-mexico-302682631.html

SOURCE Vizsla Silver Corp.

FAQ

What did Vizsla Silver (VZLA) announce about Concordia on February 9, 2026?

Vizsla Silver announced families reported that colleagues taken from Concordia were found deceased. According to the company, it is awaiting confirmation from Mexican authorities and will provide further updates while supporting affected families and staff.

How is Vizsla Silver (VZLA) responding to the Concordia incident described on Feb. 9, 2026?

Vizsla Silver says it is focusing on recovering missing personnel and supporting families. According to the company, management has expressed condolences and is coordinating with authorities and the local community during the investigation.

Are operations at Vizsla Silver's Concordia site suspended after the Feb. 9, 2026 update?

The company did not explicitly state a suspension of operations in the Feb. 9 update. According to the company, it is awaiting confirmation from Mexican authorities and has prioritized recovery and family support while assessing the situation.

What confirmation did Vizsla Silver (VZLA) report receiving from Mexican authorities on Feb. 9, 2026?

Vizsla Silver reported it has not yet received official confirmation from Mexican authorities. According to the company, families informed them of deceased colleagues and the company is awaiting formal verification before providing further detail.

How did Vizsla Silver's CEO respond to the Concordia fatalities on Feb. 9, 2026?

CEO Michael Konnert expressed devastation and offered condolences to families and the community. According to the company, he emphasized the company's focus on recovering missing people and supporting affected families and coworkers during this difficult time.