Vizsla Silver to Deliver Feasibility Study for the Panuco Project

Vizsla Silver released its 2025 objectives for the development of its Panuco project, located in Sinaloa. Following a year of progress in 2024, the company aims to advance initiatives to move closer to its goal of achieving first silver production by 2027.

Vizsla Silver plans to deliver a feasibility study in 2H25, building on the preliminary economic assessment (PEA) published in July 2024. The PEA highlighted a projected annual production of 15.2Moz AgEq over a 10.6-year mine life, with an after-tax net present value of US$1.1 billion. The updated resource estimate released in January 2025, includes a measured and indicated resource of 222.4Moz AgEq and 138.7Moz AgEq in the inferred category. “Vizsla Silver went from early-stage exploration to early-stage development. Our focus throughout the year was on derisking known mineralization within the Copala and Napoleon resource areas to maximize potential future economic returns,” said Michael Konnert, President and CEO, Vizsla Silver.

Vizsla Silver’s initiatives for 2025 include advancing the fully funded and permitted Copala test mine, which the company believes will provide valuable data for feasibility studies, mine planning and eventual construction. Additional steps involve completing a fourth round of metallurgical testing in 1H25 and conducting over 37,000m of drilling across engineering, exploration, and expansion programs.

Exploration efforts will target resource extensions and new zones across the Panuco district. The company has also planned ground-based geophysical surveys, including a 45km horizontal-loop EM study, to investigate high-priority targets.

The company maintains its focus on resource development in the western portion of the district while expanding exploration activities in the central and eastern areas. “Beyond development in the West, we continue exploring new areas of the district with both low-cost mapping and geophysical surveys and more than 10,000m of planned initial drilling. We look forward to another safe and exciting year for Vizsla Silver,” Konnert concluded.