VZLA stock rises after securing EPCM and mine design contracts for its Mexico-based silver-gold project with 17.4M ounces annual output potential.
Vizsla Silver Corp (VZLA) has awarded key contracts for its Panuco silver-gold project in Mexico, driving a 60% share price increase over the past year. The company selected M3 Engineering for EPCM services and Mining Plus for mine design, marking a critical step in project development.
The Panuco project, with a November 2025 feasibility study, is expected to produce 17.4 million ounces of silver equivalent annually over a nine-year mine life. M3 Engineering will handle surface infrastructure and processing plant construction, while Mining Plus will manage development capital and ore production during a two-year pre-production phase.
Vizsla Silver previously collaborated with Mining Plus on a test mine at Panuco. CEO Michael Konnert highlighted the contracts as pivotal for advancing the project, which has attracted investor interest amid rising silver demand.