Vizsla Silver (VZLA): The Best Silver Mining Penny Stock to Buy

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) is one of the 7 Best Silver Mining Penny Stocks to Buy.

On June 16, 2026, Vizsla Silver Corp. (NYSEAMERICAN:VZLA) announced that it awarded the equipment supply agreement to FLSmidth for the company’s wholly owned Panuco silver-gold project in Sinaloa, Mexico. The agreement includes engineering and supply of major process plant equipment across the proposed process flowsheet outlined in the company’s 2025 Feasibility Study, with engineering work starting immediately and formal Notice to Proceed expected in the coming months.

The agreement covers eight major equipment packages across crushing, grinding, thickening, and counter-current decantation, Merrill Crowe, and refining circuits for the proposed process plant at Panuco. The equipment is specified to support the initial 3,300 tonnes per day Phase 1 operation and the planned expansion to 4,000 tpd outlined in the 2025 Feasibility Study. The parties initially entered into a limited notice to proceed agreement to begin early engineering and procurement activities while definitive terms continue to be finalized.

Toward the end of May, Vizsla Silver announced that Minera Canam S.A. de C.V., its Mexican subsidiary that holds the Panuco project, entered into an unsecured credit agreement for a MXN$173 million working capital facility with Fideicomiso de Fomento Minero. CEO Michael Konnert said the agreement represents “another important step” in the continued endorsement and validation of Panuco as an economically important development project for Sinaloa and Mexico.

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) engages in the acquisition, exploration, and development of mineral resource properties in Canada and Mexico.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.