Vizsla Silver Corp (VZLA) Stock Up 60% As Panuco Project Awards Contracts

Vizsla Silver Corp (NYSEAMERICAN:VZLA) is one of the explosive mining penny stocks to watch in 2026. The stock has climbed more than 60% in the past year, and Street predictions show it has more room to rise.

On April 23, Vizsla Silver Corp (NYSEAMERICAN:VZLA) announced that it has picked contractors to support the development of its Panuco silver-gold project in Mexico. It said that it awarded the Engineering, Procurement, and Construction Management (EPCM) contract to M3 Engineering. It awarded the mine design project to Mining Plus.

According to Vizsla Silver, M3 Engineering has participated in the construction of several mining projects in Mexico. The firm is a specialist in mineral processing and infrastructure projects. For the Panuco project, M3 Engineering’s scope of work covers surface infrastructure and the processing plant.

The Mining Plus contract covers development capital and ore development over a two-year pre-production period. Vizsla Silver said it has worked with Mining Plus before, including in the development of a test mine at Panuco.

Vizsla Silver CEO Michael Konnert noted that the appointment of the engineering and mine design contractors marks an important step in advancing the Panuco project. According to a feasibility study completed in November 2025, the Panuco project can produce an average of 17.4 million ounces of silver equivalent annually over at least 9 years of mine life.

Canada-based Vizsla Silver Corp (NYSEAMERICAN:VZLA) is a mineral exploration and development company. It’s focused on producing silver and gold. The company’s flagship project is the Panuco silver-gold project located in Sinaloa, Mexico. This high-grade discovery is owned 100% by Vizsla Silver.

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