Elemental seals $239M Vizsla deal for Panuco royalties

AI desk brief

Elemental Royalty completed its $239 million acquisition of Vizsla Royalties, adding 2%-3.5% NSR exposure to Vizsla’s Panuco silver-gold project in northwest Mexico. The feasibility study cited in the article points to up to 17.4 million ounces of silver-equivalent annual production over an approximate nine-year mine life, giving Elemental greater leverage to near-term silver output and long-dated district exploration upside.

The deal was first announced in May and has now been court-approved under a plan of arrangement in British Columbia. Elemental said it completed extensive due diligence despite security concerns in the region; the stock traded lower on the day, with Elemental down 3.21% to C$28.33 and Vizsla down 2.74% to C$4.25.