Vizsla Silver awards Panuco contracts
Analysis based on 9 articles · First reported Apr 23, 2026 · Last updated Apr 23, 2026
The awarding of these contracts by Vizsla Silver for its Panuco Project signals significant progress towards production, which is positive for Vizsla Silver's stock and the mining services sector. The substantial capital commitments to M3 Engineering & Technology Corporation and Mining Plus indicate future revenue streams for these companies and confidence in the project's economic viability.
Vizsla Silver has awarded key contracts for the development of its flagship Panuco silver-gold project in Sinaloa, Mexico. M3 Engineering & Technology Corporation secured the Engineering, Procurement and Construction Management (EPCM) contract, valued at approximately US$170 million, covering the process plant and surface infrastructure. Mining Plus was awarded the mine design contract, which includes approximately US$50 million in development capital and US$40 million in ore development over the next two years of pre-production. These appointments are crucial steps in advancing the project towards commercial production, following the completion of a Feasibility Study in November 2025.
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