tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Vizsla Royalties Expands Stake in Panuco Project with $40 Million Acquisition

Story Highlights
Vizsla Royalties Expands Stake in Panuco Project with $40 Million Acquisition

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Vizsla Royalties Corp ( (TSE:VROY) ) has shared an update.

Vizsla Royalties Corp announced its acquisition of an additional 3.0% net smelter returns royalty on the Panuco-Copala Silver-Gold Project, increasing its total royalty to 3.5% on the Silverstone Concessions. This strategic move consolidates its position in one of the world’s highest-grade silver-gold districts, enhancing shareholder exposure and potential long-term value creation. To fund this acquisition, Vizsla Royalties has entered into a bought deal financing agreement with CIBC Capital Markets to raise C$54.8 million through the sale of common shares. The transaction and financing are expected to close by June 12, 2025, pending regulatory approvals.

The most recent analyst rating on (TSE:VROY) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Vizsla Royalties Corp stock, see the TSE:VROY Stock Forecast page.

More about Vizsla Royalties Corp

Vizsla Royalties Corp is a publicly-traded company focused on acquiring and managing royalties in the precious metals industry, particularly silver and gold. The company aims to develop a portfolio of high-quality precious metals royalties, with a significant focus on the Panuco-Copala Silver-Gold Project in Sinaloa, Mexico.

Average Trading Volume: 52,747

Technical Sentiment Signal: Strong Buy

Learn more about VROY stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1