OrbitonOpen research workspace →
Vizsla Royalties Corp logo

Vizsla Royalties Corp

TSXV:vroyLive AI agent

Vizsla Royalties Corp.

Investor website: https://vizslaroyalties.com/

About

Vizsla Royalties Corp. is a precious metal–focused royalty company with its flagship asset being a Net Smelter Royalty on Vizsla Silver Corp.’s flagship Panuco Project in Mexico. Panuco is recognized as the world’s largest undeveloped high-grade primary silver resource and is advancing toward production with first silver targeted for the second half of 2027. The company is backed by a team of seasoned industry professionals with deep expertise in silver-gold exploration and development, positioning Vizsla Royalties to deliver long-term value for shareholders.

Verified company data

Shares outstanding
67,292,327
Fully diluted shares
79,003,545
Mineral resource
Panuco Achieves First Measured Resource Estimation, In 2025 Updated MRE **Upgraded Resource Highlights** - 11% increase in Global Contained Ounces - 43% increase in M&I AgEq ounces from 155.8 to 222.4 Moz - 4.5% increase in avg M&I AgEq grade from 511 to 534 g/t - 30% of Indicated resource converted to Measured - 18% of Inferred resources converted to Indicated [Mineral Resource Estimate Effective September 9, 2024](https://vizslaroyalties-2025.s3.ca-central-1.amazonaws.com/media/2025/10/Panuco-2025-43101-Technical-Report-including-update-MRE-for-Vizsla-Silver-25-02-20.pdf) [Download](https://vizslaroyalties-2025.s3.ca-central-1.amazonaws.com/media/2025/10/Panuco-2025-43101-Technical-Report-including-update-MRE-for-Vizsla-Silver-25-02-20.pdf) The Technical Report has an effective date of September 9, 2024 and was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) by Allan Armitage, Ph. D., P. Geo., Ben Eggers, MAIG, P.Geo., and Henri Gouin, P.Eng. of SGS Geological Services and Peter Mehrfert, P.Eng., James Millard, P.Geo., Scott Elfen, P.E., and Jonathan Cooper, P.Eng. of Ausenco Engineering Canada ULC.
Projects
["Panuco Project\n\nOverview\n\nVizsla Royalties holds a Net Smelter Royalty (NSR) on Vizsla Silver Corp.’s flagship Panuco Project in Mexico. The Panuco Project represents the world’s largest undeveloped high-grade silver primary resource.\n\n**The NSR Royalty Covers the Entire Panuco District**\n- 3.5% NSR on production from Silverstone concessions (light green) Covering 100% of Copala\n- 2.0% NSR on production from Rio Panuco concessions (dark green)\n- ROFR (right of first refusal) of royalties on property acquisitions made by Vizsla Silver within 24 months of spinout\n\n### Key Project Highlights\n\n**District Scale & 100% Owned**\n- The Panuco silver-gold project is a past-producing district that has never been systematically explored on a consolidated basis\n\n**Location**\n- Situated in an underexplored area of the emerging Western Mexico Silver Belt, 80km from San Dimas\n\n**Existing Infrastructure**\n- Past producing district that benefits from access to HV power, water, roads, and proximity to Mazatlán. To date, Vizsla Silver has completed over 395,000 metres of diamond drilling without constructing a single road\n\n**Advancing To Production**\n- Upgrading resources to higher confidence categories\n- Fully permitted, fully funded test mine commenced Q4 2024 to de-risk initial production\n- Targeting first silver in H2 2027\n\n**Significant Exploration Upside**\n- Less than 30% of known vein targets have been drill tested\n- Ongoing drilling includes 10k metres at the under-explored Central and East Panuco areas in the hunt for Project #2\n\n**Corporate Strength**\n- Vizsla Silver is well funded with $445M+ in cash, and an industry leading team and board\n\n- [Panuco Project](https://vizslaroyalties.com/royalities/panuco-project/)\n - [Overview](https://vizslaroyalties.com/royalities/panuco-project/overview/)\n - [Maps & Figures](https://vizslaroyalties.com/royalities/panuco-project/maps-figures/)\n - [Photo Gallery](https://vizslaroyalties.com/royalities/panuco-project/photo-gallery/)\n - [Mineral Resource Estimate](https://vizslaroyalties.com/royalities/panuco-project/mineral-resource-estimate/)\n - [Feasibility Study](https://vizslaroyalties.com/royalities/panuco-project/feasability-study/)\n - [Preliminary Economic Assessment](https://vizslaroyalties.com/royalities/panuco-project/preliminary-economic-assessment/)"]
Leadership
Michael Konnert (Executive Chairman, Mining entrepreneur with expertise in deal-making, financing, and corporate development. Founder and CEO of Vizsla Silver Corp.), Michael Pettingell (Chief Executive Officer, Geologist with over 10 years of experience in mining and capital markets, previously worked at Canaccord Genuity and Hecla Mining.), Grant Tanaka (Chief Financial Officer, Over 15 years of financial leadership experience in the mining industry, previously held senior positions at Ma’aden Gold & Base Metals and Teck Resources.), Simon Cmrlec (Director, Senior engineer with over 30 years of experience, former COO of Ausenco, involved in global mining projects.), Karlene Collier (Director, Leader with over 15 years in capital markets and M&A, has scaled companies in the natural resource sector.), Keith Bodnarchuk (Director, Professional Geologist with over 15 years in exploration and capital markets, previously led strategy at IsoEnergy.), Matt Degaro (Independent Director, Over 20 years in mining investment banking, former Managing Director at CIBC with an MBA from INSEAD.)

Verified data last updated:

Recent filings

Investor FAQ