Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) has awarded key contracts supporting the development of its Panuco silver-gold project in Mexico, according to reporting by Abdul Rahman for Insider Monkey. The company selected M3 Engineering for engineering, procurement and construction management services and Mining Plus for mine design and development work tied to the project’s pre-production phase.
Vizsla Silver said the appointments mark another milestone in advancing 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 feasibility study outlines a 17.4 Moz AgEq annual production over an initial 9.4-year mine life, an after-tax NPV (5%) of US$1.8B, a 111% IRR, and a 7-month payback at US$35.50/oz silver and US$3,100/oz gold. Shares of the company have climbed more than 60% over the past year as investors continue to monitor progress at the high-grade silver and gold asset in Sinaloa, Mexico.
These contract awards are significant for the industry as they signal a major step forward in bringing the Panuco project into production. For leaders in business and technology, this development highlights the growing importance of silver in various industrial applications, including renewable energy and electronics. The project’s robust economics, with a 111% internal rate of return and a quick payback period, underscore the potential for substantial returns in the mining sector.
The engagement of M3 Engineering and Mining Plus brings specialized expertise to ensure efficient project execution. M3 Engineering will oversee engineering, procurement, and construction management, while Mining Plus will focus on mine design and development. This collaboration is expected to streamline the pre-production phase and mitigate risks.
Vizsla Silver is a Canadian development company advancing the Panuco project, its 100%-owned silver-gold asset in Sinaloa, Mexico. The company is concurrently advancing mine development and district-scale exploration with the objective of becoming a leading primary silver producer. For more information, visit Vizsla Silver Corp.
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