#Canada #Vancouver #Vizsla Silver #Panuco Project #Feasibility Study

Vizsla Silver Unveils Feasibility Study for Panuco Project

Vizsla Silver Corp., a company focused on mining exploration and development, has made significant strides with the recent filing of a technical report concerning its prominent Panuco silver-gold project located in Sinaloa, Mexico. The report, formally titled "Panuco Project – NI 43-101 Technical Report and Feasibility Study," was made effective as of November 4, 2025, and is a product of collaborative efforts with Ausenco Engineering Canada ULC, Mining Plus Canada Consulting Ltd., and SGS Canada Inc. The study encompasses exhaustive assessments in compliance with Canada's National Instrument 43-101 standards, which are crucial for mineral project disclosures.

The feasibility study brings to light tantalizing production & economic prospects. Specifically, the project is poised to yield an impressive 17.4 million ounces of silver equivalent annually over an initial mining lifespan of 9.4 years. With an after-tax net present value (NPV) calculated at $1.8 billion and an internal rate of return (IRR) of 111%, the findings indicate robust profitability, along with a 7-month payback period based on prevailing metal prices of $35.50/oz for silver and $3,100/oz for gold.

These results not only underscore the viability of the Panuco Project but also highlight Vizsla Silver's strategic positioning to become a leading player in the silver mining arena. The company's approach involves a dual track development strategy: advancing mine development while simultaneously engaging in district-scale exploration efforts through cost-effective methodologies.

Background on Vizsla Silver

Vizsla Silver, headquartered in Vancouver, BC, is strategically focused on advancing its 100% owned Panuco silver-gold Project. The decision to push forward with the feasibility study was driven by a previous exploratory success that validated the project's potential. This proactive stance is bolstered by a commitment to low-cost exploration and operational strategies aimed at enhancing the project's viability.

The importance of the Panuco Project within the company’s portfolio cannot be overstated. In addition to substantial silver and gold reserves, the project exemplifies a commitment to sustainability and socially responsible practices. Vizsla Silver has been diligent in building relationships with local communities and stakeholders, ensuring that development brings mutual benefits.

Looking Ahead

Looking forward, the management team at Vizsla Silver is determined to proceed with caution and strategic foresight. The feasibility study results signal a promising future, but the company emphasizes that a production decision has yet to be made. All construction-related decisions hinge on the successful completion of detailed engineering, securing financing, and obtaining necessary permits and approvals.

As the silver market continues to evolve, the timing of these decisions will be critical for positioning Vizsla Silver in a competitive landscape. The company remains optimistic but realistic about potentials and associated risks, including commodity price fluctuations and operational challenges. Risk management is a top priority as they plan next steps that include further exploration to possibly convert inferred resources into higher categories like indicated or measured resources.

In conclusion, Vizsla Silver’s feasibility study not only provides a detailed roadmap for the Panuco Project but also serves as an indication of the company’s strategic direction in the realm of silver and gold mining. With its unwavering focus on sustainable growth, community engagement, and high-return projects, Vizsla Silver is set to carve a prominent niche in the silver industry as it advances through various phases of development.

For more information on the feasibility study, the full report is accessible via Vizsla Silver's SEDAR+ profile or official website