Vizsla Silver (VZLA)
Developer of Mexico's Panuco silver-gold project.
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Develops the wholly owned Panuco silver-gold project in Mexico, proposing underground mines and an on-site doré plant. With no substantial operating revenue, development is funded through equity and debt and remains contingent on financing, permits, and a production decision.
Advances the wholly owned Panuco Project in southern Sinaloa, Mexico, where Copala and Napoleon are planned as contiguous underground mines feeding an on-site plant for silver-gold doré. The pre-production company also holds satellite exploration claims along the regional corridor, while its activity is concentrated in Canada and Mexico.
Uses contractor-operated mine plans, engineering, and early procurement to move the feasibility-stage project toward a construction decision. It has no production decision and no substantial operating revenue; detailed engineering, financing, permits, community agreements, infrastructure, contractor performance, and site security in Concordia remain structural dependencies.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 31, 2026Cash & short-term investments $409.2M · Total debt $239.4M · Total assets $713.8M · Shareholders' equity $419.7M
- Revenue
- $0
- Operating income
- −$13.4M
- Net income
- −$19.9M
Reported in CAD, converted at the latest exchange rate
No dividends on record.
| Institutions | ≈ 54.74% | 192.15M ADS | |
|---|---|---|---|
| 175 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 45.26% | 158.87M ADS | |
| remainder | |||
351.02M ADS as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Toroso Investments, LLCInstitution | 7.32% | 25.69M ADS | as of Jun 30, 2026 |
Sprott Inc.Institution | 4.40% | 15.43M ADS | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 3.68% | 12.92M ADS | as of Jun 30, 2026 |
Franklin Resources IncInstitution | 3.01% | 10.58M ADS | as of Jun 30, 2026 |
Van Eck Associates CorpInstitution | 2.78% | 9.76M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- First Majestic Silver
Nearby underground silver-gold operator competing for regional mine capacity.
- Coeur Mining
High-grade Mexican silver-gold producer and underground mining benchmark.
- Pan American Silver
Large Mexican silver producer competing for capital, talent, and assets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Vizsla Silver | $4.07 | −5.47% | $1.51B | — | — | — | — |
| First Majestic Silver | $19.15 | −5.76% | $10.02B | 29.3 | 21.4 | 6.1 | +57.0% |
| Coeur Mining | $19.45 | −5.08% | $21.12B | 16.5 | 14.1 | 6.7 | +125.9% |
| Pan American Silver | $48.31 | −5.00% | $21.43B | 15.4 | 11.6 | 5.0 | +35.9% |
| Median | 16.5 | 14.1 | 6.1 | +57.0% |