11:40 AM EDT, 07/24/2024 (MT Newswires) -- Vizsla Silver ( VZLA ) on Wednesday reported results from an independent preliminary economic assessment on its flagship Panuco silver-gold project in Mexico.

The results showed an after-tax net present value of US$1.14 billion, an after-tax internal rate of return of 85.7% and an initial capital expenditure of US$224 million.

Average annual production for Panuco is 15.2 million silver-equivalent ounces at an all-in sustaining cost of US$9.40 per silver equivalent ounce.

The production rate is 3,300 tonnes per day (tpd) for the first three years, expanding to 4,000 tpd in the fourth year, producing silver-gold dore with an initial mine life of 10.6 years.

The preliminary economic assessment considers two contiguous underground mines: the Copala mine and the Napoleon mine.

Vizsla shares were last seen up $0.11 to $2.73 on the TSX Venture Exchange.

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