Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) has taken a significant step forward in advancing its Panuco silver-gold project in Sinaloa, Mexico, by awarding key contracts for engineering, procurement, construction management, and mine design. The company selected M3 Engineering for engineering, procurement and construction management (EPCM) services and Mining Plus for mine design and development work tied to the project’s pre-production phase, according to reporting by Abdul Rahman for Insider Monkey.
The appointments mark another milestone in the development of the Panuco project, which a November 2025 feasibility study projected could produce an average of 17.4 million ounces of silver equivalent annually over at least nine years. The study outlined an after-tax net present value (NPV) at a 5% discount rate of US$1.8 billion, an internal rate of return (IRR) of 111%, and a payback period of seven months, based on silver and gold prices of US$35.50 per ounce and US$3,100 per ounce, respectively.
Shares of Vizsla Silver have climbed more than 60% over the past year as investors continue to monitor progress at the high-grade silver and gold asset. The company is concurrently advancing mine development and district-scale exploration with the objective of becoming a leading primary silver producer.
Vizsla Silver is a Canadian development company that owns 100% of the Panuco project, located in the historic mining district of Sinaloa, Mexico. The feasibility study, released in November 2025, outlines an initial mine life of 9.4 years with robust economics. The company is focused on advancing the project through the pre-production phase while continuing exploration activities to expand the resource base.
The award of these contracts underscores Vizsla Silver’s commitment to moving the Panuco project toward production. M3 Engineering and Mining Plus are industry-recognized firms with extensive experience in mining projects, and their involvement is expected to accelerate the development timeline. For more information about Vizsla Silver, visit their website at https://vizslasilvercorp.com/.
