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Vizsla Silver ( (TSE:VZLA) ) has provided an announcement.
Vizsla Silver Corp. has entered into a US$220 million project finance mandate with Macquarie Bank to fund the development of its Panuco silver-gold project in Mexico. This financial arrangement is expected to de-risk the project and ensure its progression to production, with Macquarie acting as the lead arranger and sole underwriter. The facility will support the construction and development of the mine, with an initial US$25 million available for early development. The move reflects the project’s quality and Vizsla’s capability, positioning the company to advance on schedule and meet key milestones.
The most recent analyst rating on (TSE:VZLA) stock is a Buy with a C$5.75 price target. To see the full list of analyst forecasts on Vizsla Silver stock, see the TSE:VZLA Stock Forecast page.
More about Vizsla Silver
Vizsla Silver Corp. operates in the mining industry, focusing on the exploration and development of high-grade silver and gold projects. The company is primarily engaged in the Panuco project, located in Sinaloa, Mexico, which is known for its significant silver-gold deposits.
Average Trading Volume: 796,048
Technical Sentiment Signal: Buy
Current Market Cap: C$1.73B
For an in-depth examination of VZLA stock, go to TipRanks’ Overview page.