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Vancouver, British Columbia--(Newsfile Corp. - May 14, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (the "Company" or "First Majestic") reminds its shareholders about the Company's upcoming Annual General Meeting of Shareholders (the "2024 AGM") scheduled to take place on Thursday, May 23, 2024 at 10:00 a.m. (Pacific Time) at the Sutton Place Hotel located at 845 Burrard Street, Vancouver, British Columbia, V6Z 2K6.
The Board of Directors of First Majestic unanimously recommends that shareholders vote FOR all the resolutions that have been put forward for the 2024 AGM.
The record date for notice and for voting at the 2024 AGM was March 28, 2024. Only shareholders as of the record date will be entitled to vote at the meeting. Shareholders as of the record date are encouraged to vote before the proxy voting deadline on Tuesday, May 21, 2024 at 10:00 a.m. (Pacific Time).
If you are a registered shareholder of the Company and are unable to attend the 2024 AGM, please read, sign and date the form of proxy for the meeting (the "Proxy") and deposit it with Computershare Investor Services Inc. ("Computershare") by courier or mail at 100 University Avenue, 8th Floor, Toronto, Ontario M5J 2Y1, Attention: Proxy Department, or by facsimile at 1-866-249-7775 (toll-free in North America) or 1-416-263-9524 (international) by 10:00 a.m. (Pacific Time) on Tuesday, May 21, 2024, or at least 48 hours (excluding Saturdays, Sundays and holidays) before any postponement or adjournment of the meeting). Alternatively, registered shareholders may vote by telephone (1-866-732-8683) or online (www.investorvote.com) using the control number listed on the Proxy that they received from Computershare.
Non-registered shareholders may participate in the 2024 AGM (either themselves or through a proxyholder, or through intermediaries using the voting instruction form). Alternatively, some non-registered shareholders may be able to vote by telephone or online and should refer to the voting instruction form that they received for further details and instructions.
EVERY VOTE COUNTS
Voting is quick and easy. First Majestic has retained Kingsdale Advisors to provide shareholders with assistance in voting their shares, and they may be reached by telephone at 1-866-851-3214 (toll-free in North America) or 1-647-577-3635 (text and call enabled outside North America), or by email at [contactus@kingsdaleadvisors.com](mailto:contactus@kingsdaleadvisors.com).
To obtain current information about voting your First Majestic common shares, and for copies of the materials for the 2024 AGM, please visit www.firstmajesticagm.com, or scan the QR code below:
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ABOUT THE COMPANY
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas SilveGold Mine, the Santa Elena SilveGold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A.
First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at www.firstmint.com, at some of the lowest premiums available.
For further information, contact [info@firstmajestic.com](mailto:info@firstmajestic.com), visit our website at www.firstmajestic.com or call our toll-free number 1.866.529.2807.
FIRST MAJESTIC SILVER CORP.
"Signed"
Keith Neumeyer, President & CEO
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward‐looking information" and "forward-looking statements" under applicable Canadian and U.S. securities laws (collectively, "forward‐looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the time and place of the 2024 AGM; the process of voting at the 2024 AGM; and the use of the online and telephone platforms to cast votes. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. All statements other than statements of historical fact may be forward‐looking statements. Although First Majestic has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
The Company believes that the expectations reflected in these forward‐looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209068
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First purchase ever on that site so I was wondering if it was normal that there is no roast date but a best by date stamp. The other sticker on it is not a date either. Thanks

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Vancouver, British Columbia--(Newsfile Corp. - May 8, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the unaudited condensed interim consolidated financial results of the Company for the first quarter ended March 31, 2024. The full version of the financial statements and the management's discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. All amounts are in U.S. dollars unless stated otherwise.
FIRST QUARTER HIGHLIGHTS

• Production of 5.2 million silver equivalent ("AgEq") ounces, consisting of 2.0 million silver ounces and 35,936 gold ounces, in line with the Company's 2024 production guidance plan as management anticipates improvements in the second half ("H2") of the year due to planned higher ore grades and throughput rates.
• Quarterly revenues of $106.0 million, compared to $157.0 million in Q1 2023. The decrease in revenue is mainly driven by the temporary suspension of mining activities at the Jerritt Canyon Gold Mine in March 2023.
• The Company held 729,771 silver ounces in finished goods inventory as at March 31, 2024, inclusive of coins and bullion. The fair value of this inventory at March 31, 2024 was $17.9 million.
• Improved mine operating earnings of ($0.3) million compared to ($6.4) million in Q1 2023.
• Operating cash flows before movements in working capital and taxes amounted to $12.6 million.
• Consolidated cash costs of $15.00 per AgEq ounce and All-in sustaining costs ("AISC") of $21.53 per AgEq ounce represented a decrease of 1% and an increase of 3%, respectively, compared to Q1 2023.
• At the end of the quarter, the Company had a cash and restricted cash balance of $229.3 million consisting of $102.1 million cash and cash equivalents and $127.2 million of restricted cash.
• Declared a cash dividend payment of $0.0037 per common share for the first quarter of 2024 for shareholders of record as of the close of business on May 17, 2024, to be paid out on or about, June 7, 2024.

OPERATIONAL AND FINANCIAL HIGHLIGHTS
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(1) The Company reports non-GAAP measures which include cash costs per silver equivalent ounce produced, cash costs per gold ounce produced, all-in sustaining cost per silver equivalent ounce produced, all-in sustaining cost per gold ounce produced, total production cost per tonne, average realized silver price per silver equivalent ounce sold, average realized gold price per ounce sold, working capital, adjusted EPS and free cash flow. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate such measures may differ from methods used by other companies with similar descriptions. See "Non-GAAP Measures" below for further details of these measures.
FIRST QUARTER FINANCIAL RESULTS
Revenues generated during the quarter totaled $106.0 million compared to $157.0 million in the first quarter of 2023. The decrease in revenue was primarily attributable to a 37% decrease in the total number of payable AgEq ounces sold, resulting from the temporary suspension of mining activities at Jerritt Canyon in March 2023.
The Company realized an average price of $23.72 per AgEq ounce during the first quarter, representing an 8% increase compared to the first quarter of 2023 and a 2% decrease compared to the prior quarter.
Operating cash flows before movements in working capital and taxes in the quarter was $12.6 million compared to $21.9 million in the first quarter of 2023.
The Company reported mine operating earnings of $(0.3) million during the quarter compared to $(6.4) million in the first quarter of 2023. The improvement in mine operating earnings was primarily attributed to a decrease in operating loss of $29.7 million at Jerritt Canyon compared to the first quarter of 2023 following management's decision to temporarily suspend mining activities at Jerritt Canyon in March 2023.
Net earnings for the quarter amounted to $(13.6) million (EPS of $(0.05)) compared to $(100.7) million (EPS of $(0.37)) in the first quarter of 2023. Adjusted net earnings, normalized for non-cash or non-recurring items such as share-based payments, unrealized losses on marketable securities and non-recurring write-downs on mineral inventory for the quarter was $(18.4) million (adjusted EPS of $(0.06)) compared to $0.9 million (adjusted EPS of $0.00) in the first quarter of 2023.
As of March 31, 2024, the Company had a cash and restricted cash balance of $229.3 million consisting of $102.1 million of cash and cash equivalents and $127.2 million of restricted cash.
OPERATIONAL HIGHLIGHTS
The table below represents the quarterly operating and cost parameters at each of the Company's three producing mines during the quarter.
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(1) Jerritt Canyon was placed on temporary suspension in March 2023, in-circuit recovery efforts performed in Q1 2024 resulted in production of 647 gold ounces. (2) See "Non-GAAP Financial Measures", below for further details of these measures.
Total production in the first quarter was 5.2 million AgEq ounces consisting of 2.0 million ounces of silver and 35,936 ounces of gold. The Company notes that silver and gold production is aligned with its 2024 guidance production plan and anticipates improvements in H2 2024 due to planned higher ore grades and throughput rates.
Cash cost for the quarter was $15.00 per AgEq ounce, compared to $13.01 per AgEq ounce in the previous quarter. The increase in cash costs per ounce was primarily attributable to a 22% decrease in AgEq production mainly from San Dimas in addition to the impact of the strengthening Mexican Peso. San Dimas production was impacted by reduced ore grades as mine sequencing transitioned from the Jessica and Victoria veins into the Roberta, Robertita and Elias vein systems. Additionally, ore flow and processing rates were impacted by slowdowns by union workers while negotiations on base pay, bonuses and headcount are ongoing and continuing into the second quarter. Management anticipates improved production and efficiencies in H2 2024 which is reflected in the current guidance plan.
AISC in the first quarter was $21.53 per AgEq ounce compared to $18.50 per AgEq ounce in the previous quarter. The 16% increase in AISC was primarily attributable to higher cash costs, lower production, and the continued strength of the Mexican Peso.
Total capital expenditures in the first quarter were $28.2 million, consisting of $13.3 million for underground development, $9.9 million in exploration, and $5.0 million in property, plant and equipment.
Q1 2024 DIVIDEND ANNOUNCEMENT
The Company is pleased to announce that its Board of Directors has declared a cash dividend payment in the amount of $0.0037 per common share for the first quarter of 2024. The first quarter cash dividend will be paid to holders of record of First Majestic's common shares as of the close of business on May 17, 2024, and will be paid out on or about June 7, 2024.
Under the Company's dividend policy, the quarterly dividend per common share is targeted to equal approximately 1% of the Company's net quarterly revenues divided by the number of the Company's common shares outstanding on the record date.
The amount and distribution dates of future dividends remain at the discretion of the Board of Directors. This dividend qualifies as an "eligible dividend" for Canadian income tax purposes. Dividends paid to shareholders outside Canada (non-resident investors) may be subject to Canadian non-resident withholding taxes.
The Company also announces that effective May 7, 2024, Jean des Rivieres has resigned as a director of the Company. The Company would like to thank Jean for his support and wishes him the best in his future endeavors.
ABOUT THE COMPANY
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas SilveGold Mine, the Santa Elena SilveGold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A.
First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at www.firstmint.com, at some of the lowest premiums available.
For further information, contact [info@firstmajestic.com](mailto:info@firstmajestic.com), visit our website at www.firstmajestic.com or call our toll-free number 1.866.529.2807.
FIRST MAJESTIC SILVER CORP.
"signed"
Keith Neumeyer, President & CEO
Non-GAAP Financial Measures
This news release includes reference to certain financial measures which are not standardized measures under the Company's financial reporting framework. These measures include cash costs per silver equivalent ounce produced, all-in sustaining cost (or "AISC") per silver equivalent ounce produced, cash costs per gold ounce produced, AISC per gold ounce produced, total production cost per tonne, average realized silver price per ounce sold, average realized gold price per ounce sold, working capital, adjusted net earnings and EPS and free cash flow. The Company believes that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company. These measures are widely used in the mining industry as a benchmark for performance but do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures disclosed by other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For a complete description of how the Company calculates such measures and a reconciliation of certain measures to GAAP terms please see "Non-GAAP Measures" in the Company's most recent management discussion and analysis filed on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov/edgar.
Cautionary Note Regarding Forward Looking Statements
This news release contains "forward‐looking information" and "forward‐looking statements" under applicable Canadian and U.S. securities laws (collectively, "forward‐looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Forward‐looking statements in this news release include, but are not limited to, statements with respect to: improvements in production and efficiencies anticipated in H2 2024 due to planned higher ore grades and throughput rates in H2; and timing for the payment of the Company's next quarterly dividend. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, guidance cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon guidance and forward‐looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward‐looking statements. Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward‐looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if the property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward‐looking statements".
Actual results may vary from forward‐looking statements. Forward‐looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward‐looking statements, including but not limited to: the duration and effects of the COVID‐19, and any other pandemics on our operations and workforce, and the effects on global economies and society; general economic conditions including inflation risks; actual results of exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; commodity prices; variations in ore reserves, grade or recovery rates; availability of sufficient water for operating purposes; actual performance of plant, equipment or processes relative to specifications and expectations; accidents; labour relations; relations with local communities; changes in national or local governments; changes in applicable legislation or application thereof; delays in obtaining approvals or financing or in the completion of development or construction activities; exchange rate fluctuations; requirements for additional capital; government regulation; environmental risks; reclamation expenses; outcomes of pending litigation; limitations on insurance coverage as well as those factors discussed in the section entitled "Description of the Business ‐ Risk Factors" in the Company's most recent AIF, available on SEDAR+ at www.sedarplus.ca, and Form 40‐F available on EDGAR at www.sec.gov/edgar. Although First Majestic has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
The Company believes that the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/208337
​
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MQ-20 Avenger at only 4,000ft above my house. Knew it was something interesting when I first heard it. Being trailed by a US Army Black Hawk at the same FL.

“Deacon, do you realize you have just stranded one of Europe’s greatest leaders in San Dimas?”
“He was a dick.”
I love Bill & Ted’s Excellent Adventure (1989) so much. It’s a movie I reference practically daily, and always find funny to watch. Great flick!

Just completed three different Amtrak rides all for the first time! Overall a wonderful experience that I would do again. I enjoyed the food and the views. Sharing tips I wish I knew as a first timer.
The trains I took in order:

• California Zephyr 6 from San Francisco -> Emeryville -> Chicago (roomette, room 11, lower level, Apr 26-28)
• Empire Builder 27 from Chicago to Portland (roomette, room 12, lower level, May 1-3)
• Coast Starlight 11 from Portland -> Emeryville -> San Francisco (coach, May 3-4)

Tips

1. Set realistic expectations. If you don't read the rest, this is the most important tip. I was lucky that my very first Amtrak trip was wonderful (e.g. facilities worked, food was on point, my attendant and staff all were communicative, accommodating, and had a great attitude). So I had a high bar for my subsequent trips. However, I was disappointed when my second roomette experience didn't meet my expectations (e.g. no water for the toilets, sinks, and showers for several hours, the staff and my attendant weren't communicative, meal schedule was inconsistent, didn't have dinner until 8pm, when my food finally came, my order wasn't entirely correct and the sauce spilt). Just know that this won't be a hotel experience. This is public transportation with shared spaces (unless you have your own room and restroom). Expect delays, surprises, noise, odor, things to not work etc.
2. Keep your ears open, especially if it's your first time. I know many people suggest wearing ear plugs and noise canceling headphones. Which is a great suggestion because there will be noise such as rattling doors and metal, train horns, snoring neighbors, crying babies, and chatty people. But there will be important announcements such as when the next fresh air and smoke break will be. There are also time sensitive announcements such as making reservations by a certain time for breakfast/lunch/dinner.
3. Bring a pen and papepost-it notes/mini white board. That'll come in handy when you're taking a nap or when you need to step away from your room at a time when your attendant/staff is expected to come by (e.g. to make meal reservations).
4. Showering and doing anything that requires movement on a moving train requires good balance. I suggest doing anything that requires movement when the train has stopped such as during fresh air breaks (the stop lasts 5-10 minutes).
5. The sinks in the restrooms for roomettes are very small. The restrooms in general are small and have limited space. It was a challenge to brush my teeth and wash my face without creating a wet mess everywhere. I suggest doing them in the shower which is spacier. Definitely keep the shower area clean afterwards.
6. Following #5, the coach restrooms are spacier than the restrooms for roomettes. It is much easier to change and move around in the coach restrooms. The sinks are bigger too. The coach restrooms vary from car to car but in general they are all spacier than the roomettes'. Especially the lounge room.
7. There can be no water which makes the toilets, sinks, and showers unusable. Flush before using the toilet to make sure it is working. Make sure there's warm water before showering. Consider bringing a travel urinal, dry shampoo, and no-rinse body wash.
8. If you're a germaphobe like me, clean your space when you first board. Don't expect your space to be clean or untouched. The roomette next to me was empty and several passengers used it to temporarily place stuff or take a seat.
9. Bring a pillowcase. Same reason as #8. The pillows are placed on the chairs in the roomette and it is likely more than one person/object has touched the pillows.
10. If your room/roomette/coach seat is on the upper level, you may have to place your luggage(s) on the shelves at the lower level. All the stairs and hallways are very narrow, so your luggage will likely not make it to your room/seat if your luggage is big/wide. So definitely pack strategically.
11. If you like to eat fruits and vegetables, bring them. There aren't that many options on the train. There's no refrigerator so bring produce that can stay fresh and last during your trip. Also bring a knife and a mini cutting board.
12. For whatever reason, when the staff announces that it's time to reserve meals, they do not tell you that you can eat in your room, when you certainly can. All you need to do is tell your attendant. Your attendant will take your order and bring your food to you.
13. There is no smoking or vaping on the train. The reasons should be obvious and the train conductor will say this often. There will be fresh air stops for those to smoke. Just be aware that the next break can be hours away.
14. Do not wander off far from the train during fresh air stops. The conductor will say this often, but sadly there are people who get left behind. The stops are usually brief so stay close to the train.
15. If you are a non-smokenon-vapehave a compromised respiratory system, you will likely encounter second-hand smoking at the fresh air stops. Depending on the stop, smokers have to be in a certain area close to the train to dispose their cigarettes. As mentioned in #14, it is recommended that everyone stay close to the train, so expect that the fresh air stops will not always be "fresh air" stops.
16. Wear shoes when walking around the train. The conductor will say this often. I've seen several who walk around with only socks or with their barefeet and it's honestly very disgusting and unhygienic.
17. If you're doing coach and have extra room for things to bring, bring a lumbar support pillow. My lower back would've appreciated it while sleeping.
18. Bring a fan/humidifier. The air can be very dry. It can also get very warm and stuffy.
19. Bring an air freshener. Especially for the roomette restrooms. Some restrooms have weak to no air ventilation so it can get warm and unpleasant odor will stay contained in the small space.
20. Bring shampoo and body wash that is quick and easy to wash off. The water pressure in the showers can be very weak. Depending on the train, the water may automatically turn off so you will need to constantly press the step 2 button for water. I used a body wash that requires more water to wash off which made my showers longer than ideal.
21. This is a common tip but definitely tip your attendant if they did a great job! I tipped my attendant from the first ride $20 at the end of the trip.

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NYSE: VZLA TSX-V: VZLA
VANCOUVER, BC , May 3, 2024 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) ( Frankfurt : 0G3) (" Vizsla Silver " or the " Company ") is pleased to announce that it has now issued 448,137 common shares (the " Consideration Shares ") for the previously announced asset purchase agreement (the " Acquisition Agreement ") dated March 5, 2024 , entered into with Inca Azteca Gold S.A.P.I. de C.V. (the " Seller ") and the Company's wholly owned subsidiary, Minera Canam , S.A. de C.V. (" Minera Canam ") pursuant to which the Company agreed to acquire, through Minera Canam , all of the Seller's right, title and interest in and to the mineral concessions (the " Acquisition ").
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The Company will acquire two large claims comprising 10,667.0 Ha (the " El Richard – San Enrique claims " or " San Enrique prospect ") located south and partially adjacent to the Company's Panuco project (the " Panuco Project " or " Panuco "). The San Enrique prospect is situated along the highly prospective Panuco – San Dimas corridor and is covered 100% with LiDAR and partially covered with high-resolution aero-magnetic and radiometric surveys.
For full details on the Acquisition, please view the April 16, 2024 , news release located on our website at https://vizslasilvercorp.com/news/2024/
The Consideration Shares have been issued at a share price of C$1.97 for total consideration of C$882,830 (US$650,000)
About the San Enrique prospect
The San Enrique prospect area is adjacent to the southern boundary of the Panuco project. The prospect comprises two titled mining claims covering 10,667.0 Ha (El Richard with 3,688.6 Ha and San Enrique with 6,978.4 Ha) in the emerging silver-gold-rich Panuco – San Dimas corridor with estimated past production plus current resources and reserves of 1.2- Boz Ag and 15- Moz Au
The LiDAR and mag survey from the San Enrique prospect show strong NW-trending lineaments, indicative of regional faults and fractures. Two of these lineaments are aligned and seem to be the SE extensions of the Copala fault and the Cordon del Oro

• Animas vein structures in Panuco 40 A 39 Ar age dating on adularia separates from veins in Panuco project indicates that epithermal mineralization post dates felsic volcanism in the area. Additionally, preliminary recognizance mapping in the northeast has revealed the presence of andesite tuffs and flows, quartz veining and breccia structures. The Santa Fe mine is located three kilometres south of San Enrique , is owned and operated by Inca Azteca Gold and is a small scale mine producing high-grade silver and gold from a NW trending epithermal vein. This supports the hypothesis that the NW trending structures within San Enrique have the potential to host additional veins yet to be discovered.

The San Enrique prospect contains several indicators that suggest it is a highly prospective area, namely: location ( Panuco – San Dimas corridor), high-grade deposits immediately north ( Copala and Panuco ), structural controls (southeast extensions of the Copala fault and Cordon - Animas lineament), domes and an operating mine to the south along another NW regional fault ( Santa Fe mine, Inca Azteca).
Vizsla Silver is in the process of acquiring a multispectral World View III satellite image covering the whole Panuco and San Enrique claims to speed up the target generation process. Furthermore, the Company intends to conduct regional recognizance-mapping and a stream-sediment geochemical survey at San Enrique in the near future.
About the Panuco Project
The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico , near the city of Mazatlán. The 17,856.5-hectare, past producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.
The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara Formation.
On January 8, 2024 , the Company announced an updated mineral resource estimate for Panuco which includes an estimated in-situ indicated mineral resource of 155.8 Moz AgEq and an in-situ inferred resource of 169.6 Moz AgEq.
About Vizsla Silver
Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC , focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico Panuco leading to the discovery of several new high-grade veins. For 2024, Vizsla Silver has budgeted +30,000 metres of resource/discovery-based drilling designed to upgrade and expand the mineral resource, as well as test other high priority targets across the district.
Qualified Person
In accordance with NI 43-101, Jesus Velador , Ph.D. MMSA QP., Vice President of Exploration, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.
Information Concerning Estimates of Mineral Resources
The scientific and technical information in this news release was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). The terms "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" used herein are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the "CIM Definition Standards"), which definitions have been adopted by NI 43-101. Accordingly, information contained herein providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.
You are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, "inferred mineral resources" are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures.
Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective February 25, 2019 , the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the "SEC Modernization Rules"), with compliance required for the first fiscal year beginning on or after January 1, 2021
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward‐Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward‐looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: the exploration, development, and production at the Panuco Project and the San Enrique prospect, including the potential acquisition of a multispectral World View III satellite image covering the whole Panuco and San Enrique claims and the conduct of regional recognizance-mapping and a stream-sediment geochemical survey at San Enrique
Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla Silver, future growth potential for Vizsla Silver and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla Silver's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Vizsla Silver's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information and Vizsla Silver has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities in Mexico ; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in Vizsla Silver's management discussion and analysis. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although Vizsla Silver has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla Silver does not intend, and does not assume any obligation, to update these forward‐looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
SOURCE Vizsla Silver Corp.
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