Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) has taken a significant step forward in the development of its Panuco silver-gold project in Sinaloa, Mexico, by awarding key contracts for engineering and mine design. The company selected M3 Engineering for engineering, procurement and construction management services, and Mining Plus for mine design and development work related to the pre-production phase. This announcement marks a milestone in advancing the project, which has seen its shares rise more than 60% over the past year as investor confidence grows.
According to reporting by Abdul Rahman for Insider Monkey, the contracts are crucial for the project's progression. A November 2025 feasibility study projected that the Panuco project could produce an average of 17.4 million ounces of silver equivalent annually over at least nine years. The study also outlined an after-tax net present value (NPV) of US$1.8 billion, an internal rate of return (IRR) of 111%, and a payback period of seven months, based on silver prices of US$35.50 per ounce and gold prices of US$3,100 per ounce. These robust economic indicators underscore the project's potential to become a leading primary silver producer.
Vizsla Silver is a Canadian development company that owns 100% of the Panuco project. The company is concurrently advancing mine development and district-scale exploration. The award of these contracts is expected to streamline the project's timeline and enhance operational efficiency. The selection of M3 Engineering and Mining Plus brings specialized expertise to the project, ensuring that engineering and design work meets high standards.
The market has responded positively to the news, with shares of Vizsla Silver climbing more than 60% over the past year. This performance reflects investor optimism about the project's potential. For more information about Vizsla Silver, visit the company's website at https://vizslasilvercorp.com/.
