Vizsla Silver Guides For A | September Panuco Pro...

: 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

: In September 2024 , the company finalized a resource estimate that significantly expanded the project's scale, including a 43% increase in measured and indicated resources. Vizsla Silver guides for a September Panuco pro...

: Initial silver production is currently targeted for the second half of 2027 . Expert Perspectives : Published in November 2025 , the FS

: The company anticipates receiving the MIA environmental permit in mid-2026, which is required to make a formal construction decision. 2026 Outlook and Construction Readiness : In September

: 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.