Vizsla Silver’s Panuco Feasibility Yields US$1.8B NPV and 20M oz Annual Output
Vizsla Silver’s Panuco feasibility projects over 20 million ounces annual production with after-tax NPV US$1.8 billion, 111% IRR and seven-month payback. The company holds US$450 million cash to finance construction toward H2 2027 production, plans a 60,000-meter 2026 drill campaign, and early Animas assays returned 897 g/t AgEq over 5.8 m.
1. Feasibility Study Highlights
The Panuco project’s feasibility study forecasts annual silver-equivalent output exceeding 20 million ounces over the first five years, generating an after-tax net present value of US$1.8 billion at a 5% discount rate, an internal rate of return of 111% and a payback period of just seven months.
2. Financing and Production Timeline
With a cash balance of over US$450 million, the company has fully financed Panuco’s construction phase and targets first silver production in the second half of 2027, aligning capital deployment with project milestones and minimizing financing risk.
3. 2026 Drill Program and Animas Results
A 60,000-meter district-wide drilling program is slated for 2026, with a key MIA permit expected by mid-year; initial assays from the Animas target returned 897 grams per tonne silver-equivalent over 5.8 meters, highlighting further discovery potential within the Panuco district.