Vizsla Silver Corp (VZLA) Financials
TSX: VZLA · Silver, Gold · Development stage
- Market cap$1.50B
- Share price$4.24
- 52-week range$4.03 – $9.82
- Shares outstanding353,776,600
- ExchangeTSX
- Websitevizslasilvercorp.com
Vizsla Silver (TSX: VZLA | NYSE: VZLA) is a Canadian development company advancing Panuco, its 100%-owned silver-gold project in Sinaloa, Mexico. The November 2025 Feasibility Study outlines 17.4 Moz AgEq annual production over an initial 9.4-year mine life, an after-tax NPV (5%) of US$1.8B, a 111% IRR, and a 7-month payback at US$35.50/oz silver and US$3,100/oz gold. Vizsla Silver is concurrently advancing mine development and district-scale exploration with the objective of becoming a leading primary silver producer.
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Vizsla Silver Corp financial statements
Key figures read from 34 of 34 financial statement filings, Sep 20, 2018 to Sep 4, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Apr 2026 thousands | Apr 2025 | May 2024 thousands | Apr 2024 | Apr 2023 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$427,310 | C$132,616,939 | US$27,316 | C$37,548,304 | C$12,608,704 |
| Short-term investments | US$0 | C$11,906,000 | US$0 | C$0 | C$40,115,000 |
| Total current assets | US$429,861 | C$163,007,060 | US$40,572 | C$57,013,455 | C$74,020,834 |
| Total current liabilities | US$13,301 | C$4,785,300 | US$2,676 | — | — |
| Working capital | US$416,560 | C$158,221,760 | US$37,896 | — | — |
| Exploration and evaluation assets | US$244,208 | C$241,527,631 | US$151,933 | C$208,706,494 | C$162,731,725 |
| Property, plant and equipment | US$472 | C$695,067 | US$428 | C$588,444 | C$384,728 |
| Total assets | US$731,499 | C$414,942,769 | US$198,559 | C$272,782,932 | C$238,603,177 |
| Debt | US$237,355 | — | US$0 | — | — |
| Total liabilities | US$300,138 | C$6,392,341 | US$2,676 | C$3,675,973 | C$6,455,851 |
| Shareholders' equity | US$431,361 | C$408,550,428 | US$195,883 | C$269,106,959 | C$232,147,326 |
Income statement: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Apr 2026 thousands | FY Apr 2025 thousands | FY Apr 2024 | FY Apr 2023 | FY Apr 2022 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (US$26) | US$0 | — | — | C$114 |
| General and administrative | (US$2,714) | (US$1,458) | C$4,059,556 | C$3,343,972 | C$3,522,289 |
| Share-based compensation | (US$10,878) | (US$6,943) | C$5,836,747 | C$4,086,178 | C$11,939,973 |
| Impairments and write-downs | — | — | C$0 | (C$443,930) | — |
| Net income (loss) | (US$38,685) | (US$5,820) | (C$15,948,389) | (C$13,591,728) | (C$15,270,556) |
Cash flow statement: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Apr 2029 | FY Apr 2026 thousands | FY Apr 2025 thousands | FY Apr 2024 | FY Apr 2023 | |
|---|---|---|---|---|---|
| Operating cash flow | — | (US$11,198) | (US$5,199) | (C$14,483,699) | (C$12,308,821) |
| Investing cash flow | (C$314,451) | (US$73,567) | (US$28,877) | C$4,920,787 | (C$83,214,717) |
| Financing cash flow | C$597,552 | US$413,301 | US$104,631 | C$33,726,405 | C$74,676,910 |
| Exploration spending (capitalized) | — | (US$32,752) | (US$19,842) | (C$34,691,036) | (C$42,313,865) |
| Property, plant and equipment spending | — | (US$216) | (US$356) | (C$503,177) | (C$285,852) |
| Proceeds from share issues | C$597,552 | US$117,508 | US$77,595 | C$33,726,405 | C$74,676,910 |
| Change in cash | — | US$331,294 | US$68,700 | C$24,939,600 | (C$17,873,565) |
| Cash at end of period | C$150,222 | US$427,310 | US$96,016 | C$37,548,304 | C$12,608,704 |
Vizsla Silver Corp financings
5 financings announced or closed by Vizsla Silver Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-11-19 | Vizsla Silver Corp (VZLA) | Convertible debenture | Closed, 1 tranche | US$300.0M | — | Vizsla Silver Announces Proposed Offering of US$250 Million of Convertible Senior Notes |
| 2025-07-14 | Vizsla Silver Corp (VZLA) | Private placement, bought deal | Announced | — | $3.00 | Vizsla Silver Announces Closing of over- Allotment Option in Full |
| 2025-06-23 | Vizsla Silver Corp (VZLA) | Private placement, bought deal | Closed, 1 tranche | US$100.0M | $3.00 | VIZSLA SILVER ANNOUNCES US$100 MILLION BOUGHT DEAL FINANCING The offering documentation is or will be accessible through SEDAR+ and EDGAR |
| 2024-09-25 | Vizsla Silver Corp (VZLA) | Private placement, brokered | Announced | — | $2.60 | Vizsla Silver Announces Closing of over-Allotment Option in Full |
| 2024-09-16 | Vizsla Silver Corp (VZLA) | Private placement, bought deal | Closed, 1 tranche | US$65.0M | $2.60 | VIZSLA SILVER ANNOUNCES $65 MILLION BOUGHT DEAL FINANCING The offering documentation is or will be accessible through SEDAR+ and EDGAR |