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 provided an announcement.
Vizsla Royalties Corp. announced that Vizsla Silver Corp. has entered into a mandate with Macquarie Bank Limited for a US$220 million project finance facility to develop the Panuco silver-gold project in Sinaloa, Mexico. This arrangement is a critical step towards bringing the Panuco project into production, with Macquarie’s involvement reflecting confidence in the project’s potential. The absence of mandatory hedging and favorable financing terms highlight the quality of the Panuco asset, potentially leading to a revaluation of Vizsla Royalties as the project progresses.
The most recent analyst rating on (TSE:VROY) stock is a Buy with a C$3.50 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 company focused on precious metals royalties, with its principal asset being a net smelter returns royalty on Vizsla Silver’s flagship Panuco Project in Mexico. The Panuco Project is a significant silver and gold development initiative advancing towards production, with a Preliminary Economic Assessment indicating substantial annual production and strong financial metrics.
Average Trading Volume: 168,458
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$206.8M
See more data about VROY stock on TipRanks’ Stock Analysis page.