Vizsla Silver
Developer of Mexico's Panuco silver-gold project.
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Profile
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
Key statistics
Year to date −27.6% · Average volume (30d) 5.4M
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 17, 2026Q4 FY25 | −$0.01 | −$0.03 | −172.2% | — | — | — | +2.61% |
| Mar 12, 2026Q3 FY25 | −$0.01 | −$0.01 | 0.0% | — | — | — | −7.47% |
| Dec 11, 2025Q2 FY25 | −$0.01 | −$0.01 | 0.0% | — | — | — | −3.36% |
| Sep 8, 2025Q1 FY25 | −$0.01 | −$0.01 | 0.0% | — | — | — | −2.39% |
Financial highlights
| 12 quarters | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross profit | −$60.0K | −$21.4K | −$49.3K | −$80.0K | $39.0K | −$33.8K | |
| Operating income | −$5.4M | −$3.8M | −$7.4M | −$8.0M | −$4.2M | −$12.6M | |
| Net income | −$3.0M | −$4.5M | $1.2M | −$4.9M | −$110.6M | $76.0M | |
| Diluted EPS | −$0.01 | −$0.02 | $0.00 | −$0.01 | −$0.32 | $0.21 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $0 · FY24 $0 · FY25 $0
Balance sheet, Apr 30, 2026Cash & short-term investments $418.2M · Total debt $232.3M · Total assets $716.0M · Shareholders' equity $422.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 351.02M · Float 334.25M · 95.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Toroso Investments, LLC | 20.05M | 5.71% | 13F | May 15, 2026 |
| Sprott Inc. | 17.07M | 4.86% | 13F | May 8, 2026 |
| Jupiter Asset Management Ltd | 13.97M | 3.98% | 13F | May 12, 2026 |
| Franklin Resources Inc | 13.18M | 3.75% | 13F | May 13, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 12.54M | 3.57% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- 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.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Vizsla Silver | $4.01 | +0.38% | $1.40B | — | — | — | — |
| First Majestic Silver | $20.66 | −0.44% | $10.24B | 29.9 | 23.2 | 6.2 | +57.0% |
| Coeur Mining | $21.13 | −0.02% | $21.78B | 17.0 | 15.6 | 6.9 | +125.9% |
| Pan American Silver | $52.65 | −0.41% | $22.28B | 16.0 | 12.4 | 5.2 | +35.9% |
| Median | 17.0 | 15.6 | 6.2 | +57.0% |





