Vizsla Silver - VZLA STOCK NEWS

Vizsla Silver has released its 2024 year-end summary and 2025 outlook for its Panuco silver-gold property in Sinaloa, Mexico. The company achieved significant milestones in 2024, including publishing its first PEA in July showing annual production of 15.2 Moz AgEq over a 10.6-year mine life, with an after-tax NPV5% of US$1.1B and 86% IRR.

The company completed 37,662m of drilling in 2024, leading to an updated mineral resource estimate showing 222.4 Moz AgEq in measured and indicated resources and 138.7 Moz AgEq in inferred resources. Notable achievements include a 45% share price increase, raising C$95M through two financings, and tripling its land package to 17k+ ha.

For 2025, Vizsla plans to focus on de-risking Project 1 with the goal of first silver in 2027. Key objectives include advancing the Copala test mine, completing metallurgical testing, delivering a Feasibility Study in H2 2025, and executing +37,000 metres of drilling for engineering, expansion, and exploration programs.

Vizsla Silver (NYSE: VZLA) has announced the resumption of operations at its Panuco silver-gold project. The restart focuses on progressing work on a test mine and advancing towards a feasibility study. The company's Chief Operating Officer, Simon Cmrlec, has led a detailed investigation at the site of a previous accident, which remains temporarily closed.

The company has implemented new safety measures, including comprehensive work site inspections before restart and complete re-induction of employees and contractors. Exploration activities at Panuco are expected to resume within the next week.

Vizsla Silver Corp. (NYSE: VZLA) reported a tragic accident at its Panuco silver-gold project in Sinaloa, Mexico. On January 9, 2025, a landslide at an exploration drill pad resulted in the death of an employee from contractor Bylsa Drilling and left another in critical condition at the hospital.

The company has suspended all activities at the project pending an investigation into the cause of the incident. Management is cooperating fully with local authorities and providing support to the affected families, communities, and employees. CEO Michael Konnert expressed deep sadness over the incident and committed to conducting a detailed investigation in collaboration with Bylsa and local authorities.

Vizsla Silver announced a significant update to its Panuco silver-gold project mineral resource estimate, showing a 43% increase in combined measured and indicated mineral resources from 155.8 to 222.4 Moz AgEq. The update includes the company's first measured resource of 46 Moz AgEq grading 640 g/t AgEq.

Key highlights include:

• Combined Measured and Indicated Resources: 12.96 Mt grading 307 g/t silver, 2.49 g/t gold
• 4.5% increase in global indicated grade to 534 g/t AgEq
• 18% decrease in inferred mineral resources to 138.7 Moz AgEq
• Total all-in exploration cost of US$0.41/oz AgEq discovered

The updated estimate covers ~8.6 km of the known 86 km cumulative vein strike, based on 979 holes totaling 372,685 metres. The company plans to advance the project toward production in late 2027 while continuing district-scale exploration through a 10,000-metre discovery-based drill campaign.

Vizsla Silver (TSX: VZLA) has initiated a fully funded and permitted test mining and bulk sample program at its 100%-owned Panuco silver-gold project in Sinaloa, Mexico. The program aims to validate geotechnical conditions, reconcile resource models, and build operational experience.

The program includes approximately 1,071 meters of ramp and lateral development, with plans to mine about 10,000 tonnes of high-grade material. The company has awarded contracts to two Mexican contractors: Econsa for earthworks and OMyTC for underground mining operations. The program commenced on November 28, 2024, with bulk earthworks.

Additionally, Vizsla continues exploration with a 10,000-metre discovery-based drill campaign using two rigs in the eastern district, and has contracted Geofisica TMC for a ground HLEM survey. A Feasibility Study is planned for H2 2025, following an updated mineral resource estimate in early Q1 2025.

Vizsla Silver (VZLA) has received final approval to graduate from the TSX Venture Exchange to the Toronto Stock Exchange. Trading on TSX will begin November 7, 2024, under the symbol 'VZLA', while delisting from TSXV occurs November 6, 2024. The company will maintain its NYSE American listing. The uplisting represents a growth milestone that is expected to increase market visibility and broaden investor exposure. Vizsla's Panuco silver-gold project recently completed a Preliminary Economic Study showing 15.2 Moz AgEq annual production over 10.6 years, with after-tax NPV5% of US$1.1B and 86% IRR.

Vizsla Silver has received conditional approval to graduate from TSX Venture Exchange to the Toronto Stock Exchange (TSX), pending final conditions. The company's common shares will continue trading under symbol VZLA on both TSX and NYSE American. No action is required from shareholders for this transition.

Additionally, under its ATM Program launched September 13, 2024, the company issued 3,900,000 common shares on NYSE American at an average price of US$2.1892, generating gross proceeds of US$8.54 million with commissions of US$256,136.40 paid to agents for the quarter ended October 31, 2024.

Vizsla Silver's Mexican subsidiary, Minera CANAM, has been awarded the Socially Responsible Company Distinction (ESR) for the third consecutive year since 2022. This recognition, Mexico's highest corporate social responsibility award, is jointly presented by CEMEFI and ALIARSE to companies demonstrating exceptional commitment to social and environmental values.

The company has also received the Safe and Healthy Work Environments Distinction (ELSSA) for implementing strategies to enhance worker health, safety, and well-being. Since 2019, Vizsla has focused on responsible mining at the Panuco Project, emphasizing environmental stewardship, operational transparency, community support, and maintaining safe working conditions.

Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) has completed the acquisition of the past-producing La Garra-Metates district in the Panuco – San Dimas corridor. The company will make cash payments totaling US$3,075,000 and issue 5,555,555 common shares at a deemed price of US$1.26 per share over 24 months. 90% of the shares will be subject to voluntary resale restrictions over 36 months. Vizsla Silver has paid US$1,606,500 in back taxes on the concessions and granted the sellers a 1% net smelter returns royalty (NSR), which can be repurchased for US$750,000. Additionally, a 2% NSR was granted to Asteria Mining Services as a finder's fee.