Vizsla Silver Sees Five of Ten Panuco Project Contractors Found Dead
Five of ten contractors at Vizsla Silver’s Panuco project in Sinaloa were found dead after being kidnapped by armed assailants, with authorities reporting execution-style wounds. Vizsla Silver has paused operations on the site and is cooperating with federal forces while reviewing security protocols for its Mexican mines.
1. Incident Overview
On February 9, ten contractors at Vizsla Silver’s Panuco project in Sinaloa were abducted by armed gunmen. Authorities recovered five victims with execution-style injuries and continue searching for the remaining five.
2. Company Response
Vizsla Silver immediately halted site operations, engaged federal security forces and launched a full review of its protective measures. The company has also provided counseling and support services to the victims’ families.
3. Operational Implications
The Panuco site has halted drilling and processing, risking delays to scheduled silver shipments and revenue timing for the current quarter.