Vizsla Silver Guides For A September Panuco Pro... May 2026

: Released in July 2024 , this study established a robust economic foundation, projecting 15.2 million ounces of annual silver equivalent (AgEq) production and a 9-month payback period.

: Published in November 2025 , the FS optimized the project further, projecting: 17.4 million ounces average annual AgEq production. An exceptionally fast 7-month after-tax payback period. An after-tax NPV (5%) of US$1.8 billion and 111% IRR . 2026 Outlook and Construction Readiness Vizsla Silver guides for a September Panuco pro...

: Initial silver production is currently targeted for the second half of 2027 . Expert Perspectives : Released in July 2024 , this study

: The project is considered fully funded , supported by over US$450 million in cash and a US$300 million convertible senior notes offering closed in late 2025. An after-tax NPV (5%) of US$1

Vizsla Silver reached several critical milestones for its flagship in late 2024 and 2025, transitioning the asset from advanced exploration toward construction readiness. Key Project Milestones (2024–2025)