Vizsla Silver (VZLA) Awards Key Contracts for Panuco Project Milestones

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) is one of the best Canadian stocks under $10 to buy now. On April 24, Vizsla Silver reached a significant milestone for its Panuco silver-gold project in Sinaloa, Mexico, by awarding two major contracts. M3 Engineering & Technology has been selected for the engineering, procurement, and construction management/EPCM of the process plant and surface infrastructure, a contract valued at ~$170 million. Simultaneously, Mining Plus has been appointed to handle mine design, continuing a partnership that began following the project’s preliminary economic assessment in 2024.

The project is backed by a $220 million finance mandate from Macquarie Bank, ensuring the necessary capital for development. The scope of work involving M3 Engineering includes off-site detailed design and equipment procurement, while Mining Plus will oversee geotechnical work, scheduling, and ore development. This phase involves a projected $50 million in development capital and $40 million for ore development during the two-year pre-production period.Vizsla Silver (VZLA) Awards Key Contracts for Panuco Project Milestones

Image by Bishnu Sarangi from Pixabay

Current activities remain on schedule, with the mining contract expected to be awarded in Q2 2026. Operations are set to commence once the MIA environmental permit is secured, supported by a two-year infill drilling program to prepare for plant commissioning. Leadership from all involved firms expressed confidence in the technical expertise being applied to transition the high-grade Panuco project toward commercial production.

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) is a mineral exploration & development company that acquires, explores, and develops mineral resource properties, including a silver-gold project in Sinaloa, Mexico.

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