Develops the Panuco high-grade silver-gold project in Sinaloa, Mexico.
Develops the Panuco high-grade silver-gold project in Sinaloa, Mexico.
Has no mine in production, so it earns no sales and pays for drilling and studies by selling shares. Value rests on drill results, resource estimates and permits at its Panuco project, and on silver and gold prices that decide whether construction can be financed.
Moat: narrow (installed base). Consolidated a historic high-grade silver-gold district with substantial existing underground infrastructure.
Headquarters: Vancouver, Canada · Employees: 95
Size Vizsla Silver (VZLA.TO) is a Canada Materials company (Precious Metals) with a market value of $1.18B, the 230th largest of 420 Canada companies the cockpit tracks. Shares closed at C$4.64 on 6 Nov 2026.
Performance Over six months the shares fell 1.1%, against -8.2% for the median peer and +5.2% for the Canada market (cap-weighted) — 8th highest of 20 in its peer set.
Capital Return on invested capital runs 19.0 points below its cost of capital (9.7% WACC).
Next results Next results expected around 10 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | C$0 | C$0 | C$0 | C$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | n/a | -C$172,496 | -C$249,333 | -C$328,976 | -C$269,186 |
| EBITDA | n/a | -C$44.5M | -C$24.0M | -C$16.1M | -C$13.8M |
| Net income | n/a | -C$53.4M | -C$7.85M | -C$15.9M | -C$13.6M |
| Free cash flow | n/a | -C$15.8M | -C$6.99M | -C$16.2M | -C$12.6M |
| Capital expenditure | n/a | C$45.5M | C$28.1M | C$35.2M | C$42.6M |
| Total debt | C$337M | C$323M | C$0 | C$0 | C$0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Vizsla Silver VZLA.TO | $1.18B | -1% | n/a | n/a | n/a | n/a |
| Aya Gold & Silver AYA.TO | $3.68B | +40% | +265% | 53% | 10.6× | 17.9% |
| Endeavour Silver EDR.TO | $2.34B | -20% | +198% | 26% | 3.2× | n/a |
| First Majestic Silver AG.TO | $7.52B | -27% | +96% | 44% | 4.3× | 9.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VZLA.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.9% | -7.8% | 8th highest of 21 |
| 6-month return | -1.1% | -8.2% | 8th highest of 20 |
| Distance from 52-week high | -52.8% | -36.1% | 3rd lowest of 21 |
| ROIC minus cost of capital | -19.0 pp | -8.8 pp | 7th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Vizsla Silver VZLA.TO | Canada | $1.18B | -1% | n/a | n/a | n/a | n/a | n/a |
| Benz Mining BZ.V | Canada | $1.15B | +120% | n/a | n/a | n/a | n/a | n/a |
| EACON 7687.HK | Hong Kong | $1.23B | n/a | +46% | -22% | 7.2× | n/a | n/a |
| i-80 Gold IAU.TO | Canada | $1.24B | -2% | +38% | -103% | 9.6× | n/a | n/a |
| Hemlo Mining HMMC.TO | Canada | $1.09B | -9% | n/a | n/a | n/a | n/a | n/a |
| Gogold Resources GGD.TO | Canada | $1.08B | +19% | +64% | 47% | 7.5× | 13.3% | +13.8% |
| RIO2 RIO.TO | Canada | $1.08B | -6% | n/a | 20% | 6.7× | 36.3% | n/a |
| Minerals 260 MI6.AX | Australia | $1.29B | +1% | n/a | n/a | n/a | n/a | n/a |
| AbraSilver Resource ABRA.TO | Canada | $1.30B | -37% | n/a | n/a | n/a | n/a | n/a |
| Perenti PRN.AX | Australia | $1.31B | -8% | -4% | 9% | 0.7× | -9.8% | +9.8% |
| New Pacific Metals NUAG.TO | Canada | $1.05B | 0% | n/a | n/a | n/a | n/a | n/a |
| EQ Resources EQR.AX | Australia | $1.01B | +6% | +150% | 11% | 8.8× | n/a | n/a |
| Yunding Technology 000409.SZ | China | $960M | -18% | +6% | 6% | 4.2× | n/a | n/a |
| McEwen MUX.TO | Canada | $954M | -31% | +54% | -3% | 3.9× | 59.7% | +15.2% |
| Bellevue Gold BGL.AX | Australia | $1.46B | -16% | +14% | 5% | 3.9× | 41.2% | +13.9% |
| Orezone Gold ORE.TO | Canada | $1.46B | +31% | +93% | 40% | 2.3× | -8.0% | +110.4% |
| Highlander Silver HSLV.TO | Canada | $906M | -23% | n/a | -60% | 14.6× | n/a | n/a |
| Omai Gold Mines OMG.V | Canada | $879M | -23% | n/a | n/a | n/a | n/a | n/a |
| Critical Metals CRML | United States | $864M | -58% | n/a | n/a | n/a | n/a | n/a |
| Alkane Resources ALK.AX | Australia | $1.63B | +11% | +403% | 34% | 2.1× | -1.2% | +48.9% |
| Beijing Xiaocheng Technology Stock 300139.SZ | China | $1.64B | -25% | +39% | 27% | 15.4× | 33.6% | +27.8% |