Vizsla Silver Awards US$170M EPCM to M3 and US$50M Mine Design to Mining Plus
Vizsla Silver awarded a US$170M EPCM contract to M3 Engineering & Technology for the Panuco project’s process plant and surface infrastructure and a US$50M mine design contract to Mining Plus covering development over two years. Key milestones include awarding the mining contract in Q2 2026 and mobilizing upon receipt of the MIA permit.
1. EPCM Contract Award
Vizsla Silver has engaged M3 Engineering & Technology under a US$170 million EPCM agreement to deliver detailed design, construction planning and equipment procurement for the Panuco silver-gold project’s process plant and surface infrastructure. The definitive contract terms are being finalized, building on M3’s previous work since the project’s Feasibility Study completion in November 2025.
2. Mine Design Contract
The company awarded Mining Plus a US$50 million mine design contract encompassing development capital and ore drive work over the next two years of pre-production. Mining Plus will advance mine planning, scheduling, geotechnical analysis and infill drilling programs to support ramp-up and stockpiling ahead of commissioning.
3. Development Timeline and Next Steps
Key upcoming milestones include awarding the initial mining services contract in Q2 2026 and commencing operations once the MIA environmental permit is secured. Vizsla Silver will progress detailed engineering, procurement and long-term site security planning in line with previously disclosed project timelines.