EUR/USD likely to find a peak near 1.25: UBS
VANCOUVER - Vizsla Silver Corp. (NYSE:VZLA) (TSX:VZLA), a $1.08 billion market cap mining company whose stock has surged over 84% year-to-date, announced Tuesday preliminary results from a recently completed HLEM survey at its flagship Panuco silver-gold district in western Mexico, revealing several new near-surface anomalies along the Copala and Napoleon vein corridors. According to InvestingPro analysis, the company maintains a strong financial health score of "GREAT," suggesting robust operational capabilities.
The company has completed over 390,000 meters of diamond drilling since its initial Napoleon discovery and is now focused on identifying additional mineralized centers across the district. The exploration program aims to both enhance the company’s "Project #1" in the western portion of the property and locate potential new high-grade zones elsewhere in the district. With a strong current ratio of 34.06 and more cash than debt on its balance sheet, Vizsla is well-positioned to fund its ambitious exploration plans. Want deeper insights? InvestingPro offers 12 additional investment tips for Vizsla Silver.
"We are now determined to identify the next epicenter of high-grade mineralization with the potential to host similar resources to that outlined in Project 1," said Michael Konnert, CEO of Vizsla Silver, in a press release statement.
For 2025, Vizsla plans to complete over 25,000 meters of exploration drilling, with approximately 8,000 meters already finished. The company will also conduct an airborne electromagnetic survey covering more than 1,000 line-kilometers at Panuco and advance mapping to 70% district coverage.
The company is targeting resource extensions at several locations, including the Copala structure, Napoleon HW4, La Luisa, and Cruz Negra. Proximal targets include the Colorada-Napoleon intersection, 4 de Mayo, San Jack and San Peter, and the Esmeralda-Tecolote veins.
Vizsla Silver has also begun exploration at its recently acquired Santa Fé property, which includes a permitted 350 tonne-per-day operating mill. The company has commenced detailed mapping and analysis of drilling data with plans to generate near-mine targets by the end of the third quarter.
The company’s land package now exceeds 47,000 hectares in the Panuco-San Dimas corridor, representing a 650% increase from its original holdings. This expansion includes the La Garra, San Enrique, and Santa Fé properties.
In January 2025, Vizsla announced an updated mineral resource estimate for Panuco, reporting a combined measured and indicated mineral resource of 222.4 million ounces silver equivalent and an inferred resource of 138.7 million ounces silver equivalent. With a beta of 2.02 indicating higher volatility than the market average, and currently trading below its InvestingPro Fair Value, the stock presents an interesting opportunity for investors willing to accept the risks inherent in early-stage mining companies.
In other recent news, Vizsla Silver Corp. completed a US$100 million equity financing, bringing its total cash position to approximately US$200 million. This development led BMO Capital to raise its price target for Vizsla Silver to C$5.00 from C$4.50, while maintaining an Outperform rating on the stock. Additionally, Vizsla Silver announced the completion of its annual equity grant, as detailed in a Form 6-K filed with the U.S. Securities and Exchange Commission. This filing indicates that the necessary steps to issue the annual equity grants were completed as of May 1, 2025. These recent developments reflect the company’s strategic financial maneuvers and commitments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.