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About

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. The Company recently completed a Preliminary Economic Study for Panuco in July 2024 which highlights 15.2 Moz AgEq of annual production over an initial 10.6-year mine life, an after-tax NPV5% of US$1.1B, 86% IRR and a 9-month payback at US$26/oz Ag and US$1,975/oz Au. Vizsla Silver aims to become the world’s leading silver company by implementing a dual track development approach at Panuco, advancing mine development, while continuing district scale exploration through low-cost means.

Verified company data

Cash position

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Shares outstanding

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Fully diluted shares

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Mineral resource

High-Grade Mineral Reserves and Significant Additional Mineral Resources Probable Mineral Reserves of 136 million tonnes at a grade of 1.08% copper totaling 1.5 million tonnes of contained copper supports a 23-year mine life Indicated Mineral Resources, exclusive of Mineral Reserves, contain a further 1.5 million tonnes of contained copper, of which 1 million tonnes are amenable to heap leaching and if converted to Mineral Reserves, potentially represent near-mine expansion potential Inferred Mineral Resources across the Santa Cruz, East Ridge, and Texaco Deposits add a further 3.3 million tonnes of copper Santa Cruz Copper Project Mineral Resource Estimate (Inclusive of Mineral Reserves) | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Deposit | Classification | Tonnes<br>(thousand tonnes) | Total Copper<br>(%) | Gold<br>(grams per tonne) | Silver<br>(grams per tonne) | Contained Gold<br>(thousand troy ounces) | Contained Silver<br>(thousand troy ounces) | Contained Copper<br>(thousand tonnes) | | Santa Cruz | Indicated | 317,709 | 0.95 | 0.027 | 1.62 | 279 | 16,513 | 3,017 | | Inferred | 31,998 | 0.73 | 0.021 | 1.78 | 21 | 1,832 | 232 | | East Ridge | Indicated | 8,742 | 1.00 | 0.014 | 0.68 | 4 | 191 | 88 | | Inferred | 48,676 | 0.89 | 0.006 | 0.40 | 9 | 623 | 436 | | Texaco | Inferred | 341,345 | 0.78 | 0.028 | 0.81 | 302 | 8,850 | 2,664 | | **All Deposits** | **Indicated** | **326,450** | **0.95** | **0.027** | **1.59** | **283** | **16,704** | **3,104** | | **All Deposits** | **Inferred** | **422,020** | **0.79** | **0.025** | **0.83** | **333** | **11,304** | **3,332** |

Projects

["Santa Cruz Copper Project\nOne of America's Next Copper Mines for Domestic Supply Chain Security\n\n_President and CEO, Taylor Melvin -_ Our advanced Santa Cruz Copper Project will be **a significant long-term U.S. producer of copper cathode** **to help meet domestic demand**. We are fortunate to have such a high-quality asset in Arizona, a state with a rich mining history and a bright mining future.\n\nLocation\nArizona, USA\n\nOwnership\n~ 6,000 acres of 100%-owned private surface, mineral and associated water rights\n\nMetal\nCopper\n\nOpportunity\nSanta Cruz Copper Project has the potential to be one of America's next high-quality copper mines, producing pure copper cathode to help meet domestic demand as early as 2028.\n\n**High-quality advanced copper project on 100%-owned private land in Arizona, USA.**\n\n**High-grade reserves, modern underground mining and 100% copper cathode production.**\n\n**Located at the heart of a rapidly growing industrial corridor with excellent access to infrastructure.**\n\n**Low operating costs and among the most capital-efficient copper projects in the Americas.**\n\n**Targeting construction in 2026 and first copper cathode projected by the second quarter of 2029.**\n\n**Summary**\nIvanhoe Electric’s [June 2025 Preliminary Feasibility Study](https://ivanhoeelectric.com/site/assets/files/10491/scp-gr-rep-0001_ra_s-k_1300_final_june22_1930.pdf?451tic?451tic) defines the Santa Cruz Copper Project as a high-quality, underground mining operation in Casa Grande, Arizona. The Project is designed to produce 99.99% pure copper cathode over a 23-year mine life, using a 100% heap leach process. With strong economics, modern mining technologies and a location in the heart of Arizona, a state known for its prolific mining history and booming technology industry, Santa Cruz is poised to become one of the nation’s next major domestic producers of refined copper.\n\nThe Preliminary Feasibility Study, as prepared under United States regulatory requirements, provides the requisite engineering studies needed to pursue long-term project financing. Ivanhoe Electric is pursuing multiple avenues of funding, including support from United States government agencies, commercial lending institutions and potential strategic partners at the asset level.\n\n**Highlights of the Preliminary Feasibility Study**\n\nHigh-Grade Mineral Reserves and Significant Additional Mineral Resources\n- Probable Mineral Reserves of 136 million tonnes at a grade of 1.08% copper totaling 1.5 million tonnes of contained copper supports a 23-year mine life\n- Indicated Mineral Resources, exclusive of Mineral Reserves, contain a further 1.5 million tonnes of contained copper, of which 1 million tonnes are amenable to heap leaching and if converted to Mineral Reserves, potentially represent near-mine expansion potential\n- Inferred Mineral Resources across the Santa Cruz, East Ridge, and Texaco Deposits add a further 3.3 million tonnes of copper\n\nLarge, Modern Underground Mining Operation with Simple Process Flowsheet\n- 20,000 tonnes per day mining operation utilizing modern mining technology\n- Conventional on/off-heap leaching lowers operating costs and initial surface capital while yielding high copper recoveries of 92.2% over the life of mine and allowing spent ore to be utilized underground as paste backfill\n- Average annual production of 72,000 tonnes of copper cathode during the first 15 years of mining\n\nLow Project Capital Intensity and Unit Operating Costs Underpin Strong Economic Results\n- Initial project capital of $1.24 billion and a capital intensity of approximately $17,000 per tonne of copper1\n- Global first quartile2 C1 cash costs of $1.32 per pound of copper over the life of mine, and lowest cost in America\n- At the current COMEX copper price of $4.83 per pound, the after-tax net present value at an 8% discount rate is $1.9 billion with an internal rate of return of 24%\n- At a base case of $4.25 per pound of copper, the after-tax net present value at an 8% discount rate is $1.4 billion with an internal rate of return of 20%\n\nClear Path to Development\n- This is the final technical study to support ongoing project financing discussions\n- Private land and mineral rights enable a streamlined permitting process\n- Indicative development plan targets initial construction in the first half of 2026 and first copper cathode production in the second quarter of 2029, subject to project financing and receipt of necessary permits"]

Leadership

Michael A. Konnert (President, Chief Executive Officer, Mining entrepreneur with expertise in deal-making, financing, and corporate development. Founder of Vizsla Silver Corp. and co-founder of Inventa Capital.), Mahesh Liyanage (Chief Financial Officer, Chartered Professional Accountant with over 20 years of experience in public company reporting and regulatory compliance.), Simon Cmrlec (Chief Operating Officer & Director, Senior engineer with over 30 years of experience in mining projects globally, previously COO of Ausenco.), Michael Pettingell (SVP, Business Development and Strategy, Geologist with over 10 years of experience in mining and capital markets.), Jesus Velador (VP, Exploration, Over 20 years of experience in precious metals exploration, previously managed exploration programs at Fortuna Silver Mines.), Hernando Rueda (Director of Mexico, Professional Geologist with over 20 years of experience, former Regional Exploration Manager at Capstone Mining.), Jennifer Hanson (not discovered), Craig Parry (Independent Director / Chairman, Experienced executive and geologist with a history of leading successful resource projects, currently Lead Director of Skeena Resources Ltd.), Harry Pokrandt (Independent Director, Capital Markets Executive with over 30 years of experience in mining and technology.), David Cobbold (Independent Director, Veteran investment banker with 25 years of experience in financial services, currently Vice Chairman of Metals and Mining at Macquarie Group.), Eduardo Luna (Independent Director, Over 40 years in the precious metals mining industry, former senior executive at several companies including Goldcorp Inc.), Suki Gill (Independent Director, Chartered Professional Accountant with 23 years of experience in audit and assurance services for resource companies.)

Verified data last updated: 2026-08-21

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