Vizsla Silver: The Path Forward at Panuco

Panuco's permitting delay pushes silver production to H2 2028, but feasibility economics and exploration upside remain exceptional.

• Timeline extended: Silver production start shifted from end-2027 to roughly mid-second-half of 2028 due to a broad, project-agnostic Mexican permitting slowdown earlier in the year.
• Return to site imminent: Konnert expects work to resume on-site "towards the end of year," with Mexican military and National Guard cooperation strengthening security.

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