#Canada #Vancouver #Vizsla Silver #Panuco Project #M3 Engineering

Vizsla Silver Partners with M3 Engineering for Panuco Project Development

Vizsla Silver Corp. recently made a significant announcement regarding its flagship Panuco silver-gold project, which is located in Sinaloa, Mexico. The company has awarded key Engineering, Procurement, and Construction Management (EPCM) and mine design contracts to M3 Engineering Technology Corp. and Mining Plus, respectively. This partnership marks a critical advancement in the development of the Panuco project, aiming to bring it closer to production.

Contract Highlights

EPCM Contract Awarded to M3 Engineering

M3 Engineering, a prominent engineering firm known for its expertise in mineral processing and infrastructure projects, has been entrusted with the EPCM contract valued at approximately $170 million. The firm's prior experience includes successful contributions to other prominent mining projects in Mexico such as Mercedes and Peñasquito. Michael Konnert, the President and CEO of Vizsla Silver, expressed optimism over this collaboration, stating that by partnering with M3 Engineering, they are taking an essential step forward in the project's progression. M3 Engineering will lead off-site efforts focused on detailed project planning, construction strategy, and procurement of essential equipment.

"M3 Engineering is proud to contribute our technical expertise to support Vizsla Silver in advancing the development of the Panuco Silver-Gold Project," said Alberto Bennett, President and CEO of M3 Engineering. The collaboration between the two companies is geared towards ensuring timely and budget-friendly project execution, aligning with Vizsla's strategic objectives.

Mine Design Contract with Mining Plus

In addition to M3 Engineering, Vizsla Silver has engaged Mining Plus, a global mining services firm and part of The Byrnecut Group, for mine design and planning services. This contract, valued at around $50 million for development capital and an additional $40 million for ore development in the upcoming two years, reflects a deeper commitment to ensuring the project's success.

Mining Plus has been actively working with Vizsla since the completion of the Preliminary Economic Assessment (PEA), enhancing various aspects of mine design and geotechnical evaluations for the Panuco site. The firm is expected to play a vital role in strategizing mining operations, with plans to initiate mining activities pending the acquisition of necessary permits.

Vahid Haydari, the Chief Executive Officer of Mining Plus, conveyed the organization's excitement in continuing their partnership as they work towards the project's commercial production stage. "This next phase focuses on detailed planning and disciplined execution, ensuring that this high grade and technically compelling project moves forward successfully."

Importance of the Panuco Project

The Panuco silver-gold project has been identified as a promising asset for Vizsla Silver. The company completed a Feasibility Study in November 2025, underscoring the project's potential to yield 17.4 million ounces of silver equivalent annually over an estimated 9.4-year mine life. The project's financial projections indicate a post-tax NPV of $1.8 billion, an impressive IRR of 111%, and a rapid payback period, making it an exciting venture for stakeholders.

Vizsla Silver aims to solidify its standing within the silver mining sector by adopting a dual-track development strategy. This approach prioritizes both the advancement of the mining operation while simultaneously exploring district-wide opportunities through sustainable practices.

Looking Ahead

As the collaboration between Vizsla Silver, M3 Engineering, and Mining Plus unfolds, stakeholders and investors alike are eager to witness developments within the Panuco project. With a robust plan and the backing of experienced partners, Vizsla Silver is poised to make meaningful strides towards the realization of this promising silver-gold endeavour. Keeping timelines and strategic goals in check, the anticipation for successful execution continues to build as the project moves toward the production phase.

For more information about Vizsla Silver and the Panuco project, visit their official website: www.vizslasilvercorp.ca.