VIZSLA SILVER REPORTS CONTRACTOR FATALITY AT PANUCO
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 Corp. (NYSE: VZLA) ha riportato un tragico incidente nel suo progetto di argento-oro Panuco a Sinaloa, Messico. Il 9 gennaio 2025, un frana in una zona di perforazione esplorativa ha causato la morte di un dipendente della società appaltatrice Bylsa Drilling e ha lasciato un altro in condizioni critiche in ospedale.
L'azienda ha sospeso tutte le attività nel progetto in attesa di un'indagine sulle cause dell'incidente. La direzione sta collaborando pienamente con le autorità locali e fornendo supporto alle famiglie, alle comunità e ai dipendenti colpiti. Il CEO Michael Konnert ha espresso profonda tristezza per l'incidente e si è impegnato a condurre un'indagine dettagliata in collaborazione con Bylsa e le autorità locali.
Vizsla Silver Corp. (NYSE: VZLA) informó sobre un trágico accidente en su proyecto de plata-oro Panuco en Sinaloa, México. El 9 de enero de 2025, un deslizamiento de tierra en un pad de perforación de exploración resultó en la muerte de un empleado de la contratista Bylsa Drilling y dejó a otro en estado crítico en el hospital.
La empresa ha suspendido todas las actividades en el proyecto a la espera de una investigación sobre la causa del incidente. La dirección está colaborando plenamente con las autoridades locales y brindando apoyo a las familias, comunidades y empleados afectados. El CEO Michael Konnert expresó profunda tristeza por el incidente y se comprometió a llevar a cabo una investigación detallada en colaboración con Bylsa y las autoridades locales.
비즐라 실버 주식회사 (NYSE: VZLA)는 멕시코 시날로아의 파누코 은-골드 프로젝트에서 발생한 비극적인 사고를 보고했습니다. 2025년 1월 9일, 탐사 드릴 패드에서의 산사태로 인해 Bylsa Drilling의 한 직원이 사망하고, 다른 한 명은 병원에서 위중한 상태에 놓였습니다.
회사는 사건의 원인에 대한 조사가 진행될 때까지 프로젝트의 모든 활동을 중단했습니다. 경영진은 지역 당국과 전면 협력하고 있으며 영향을 받은 가족, 지역 사회 및 직원들에게 지원을 제공하고 있습니다. CEO 마이클 코너트는 사고에 대해 깊은 슬픔을 표명하며 Bylsa 및 지역 당국과 협력하여 철저한 조사를 수행하겠다고 약속했습니다.
Vizsla Silver Corp. (NYSE: VZLA) a signalé un accident tragique sur son projet d'argent-or Panuco à Sinaloa, au Mexique. Le 9 janvier 2025, un glissement de terrain sur un site de forage d'exploration a entraîné la mort d'un employé du contractant Bylsa Drilling et a laissé un autre dans un état critique à l'hôpital.
L'entreprise a suspendu toutes les activités sur le projet en attendant une enquête sur la cause de l'incident. La direction coopère pleinement avec les autorités locales et fournit un soutien aux familles, aux communautés et aux employés touchés. Le PDG Michael Konnert a exprimé sa profonde tristesse suite à l'incident et s'est engagé à réaliser une enquête détaillée en collaboration avec Bylsa et les autorités locales.
Vizsla Silver Corp. (NYSE: VZLA) berichtete von einem tragischen Unfall in seinem Silber-Gold-Projekt Panuco in Sinaloa, Mexiko. Am 9. Januar 2025 führte ein Erdrutsch an einer Erkundungsbohrstelle zum Tod eines Mitarbeiters des Auftragnehmers Bylsa Drilling und ließ einen weiteren im Krankenhaus in kritischem Zustand zurück.
Das Unternehmen hat alle Aktivitäten im Projekt bis zur Klärung der Unfallursache eingestellt. Das Management kooperiert vollständig mit den lokalen Behörden und bietet Unterstützung für die betroffenen Familien, Gemeinschaften und Mitarbeiter. CEO Michael Konnert drückte tiefe Trauer über den Vorfall aus und verpflichtete sich, in Zusammenarbeit mit Bylsa und den örtlichen Behörden eine umfassende Untersuchung durchzuführen.
- None.
- Project operations temporarily suspended pending investigation
- Potential regulatory and safety reviews could impact future operations
- Possible legal and financial liabilities from the incident
Insights
This tragic incident at Vizsla Silver's Panuco project represents a severe operational setback with potential regulatory and financial implications. Landslides at drill pads typically indicate possible gaps in geotechnical assessment or safety protocols. The immediate suspension of activities, while necessary for the investigation, will impact exploration progress and could lead to:
- Temporary halt in drilling programs affecting exploration timelines
- Potential regulatory scrutiny and safety audits across all operations
- Possible modifications to drilling protocols and increased safety measures
The incident occurring in Sinaloa, Mexico, where mining regulations are strictly enforced, could trigger a comprehensive review by Mexican authorities. Historical precedents suggest such investigations typically take 4-6 weeks minimum, with operations resuming only after implementing enhanced safety protocols. The financial impact includes not only the immediate work stoppage but also potential regulatory fines and increased operational costs for enhanced safety measures.
The fatality creates significant legal exposure for Vizsla Silver, despite involving a contractor. While Bylsa Drilling bears direct responsibility as the employer, Vizsla's position as the project operator establishes shared liability under Mexican mining regulations. Key legal considerations include:
- Potential civil litigation from affected families
- Regulatory investigations by Mexican mining authorities
- Insurance implications and potential premium increases
The company's immediate response, including full cooperation with authorities and support for affected families, aligns with best practices for risk mitigation. However, shareholders should anticipate increased compliance costs and possible operational restrictions once activities resume. The critical condition of the second worker adds another layer of potential liability that could materially impact the company's financial position.
NYSE: VZLA TSX: VZLA
Michael Konnert, President and CEO of Vizsla Silver, commented, "We are deeply saddened by this tragic accident and extend our deepest condolences and support to the families. We are providing all necessary assistance to the families, communities, Bylsa, and our employees during this difficult time." Mr. Konnert continued, "Vizsla Silver has initiated a detailed investigation and will work closely with Bylsa and the local authorities."
The appropriate authorities have been notified and will receive the Company's full cooperation. Activities at the Project have been suspended until the cause of the incident is determined.
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SOURCE Vizsla Silver Corp.
FAQ
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