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← CockpitCompetitor Analysis › VZLA.TO Vizsla Silver Corp.Open in the cockpit ↗

Vizsla Silver Corp.VZLA.TOCompetitor analysis, valuation and peers

Canada · CAD·Materials›Precious Metals

Develops the Panuco high-grade silver-gold project in Sinaloa, Mexico.

Momentum neutral 40
Mkt cap
$1.18B
US dollars, full cap
Free float
76%
of shares outstanding
$/day
$3.25M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-19.0 pp
WACC 9.7%
Hurdle
n/a
no reverse DCF
Next earnings
34 days
10 Dec 2026
Close · CADC$4.64
1D+3.6%
1W+8.4%
1M-4.9%
3M-10.8%
6M-1.1%
YTD-38.3%
1Y-14.1%
ATR %5.9%
52w lowhigh52.8% off high

What Vizsla Silver does

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.

Products and services

  • Panuco project

Where it sits in the supply chain

  • Precious metals
  • Silver-gold development
  • Mexican district redevelopment

What could go right

  • Silver price strength
  • Advancing toward construction decision

What could go wrong

  • Pre-production financing/dilution risk
  • Mexico regulatory/mining-law risk

Moat: narrow (installed base). Consolidated a historic high-grade silver-gold district with substantial existing underground infrastructure.

Headquarters: Vancouver, Canada · Employees: 95

Named competitors

Vizsla Silver at a glance

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).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026VZLA.TO 96Peer median 89
Six months, rebased to 100: Vizsla Silver against the median of its 20 peers (local-currency closes).

Vizsla Silver financials

Reported figures in CAD; fiscal year ends 2026-04-30. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenuen/aC$0C$0C$0C$0
Revenue growth—————
Gross profitn/a-C$172,496-C$249,333-C$328,976-C$269,186
EBITDAn/a-C$44.5M-C$24.0M-C$16.1M-C$13.8M
Net incomen/a-C$53.4M-C$7.85M-C$15.9M-C$13.6M
Free cash flown/a-C$15.8M-C$6.99M-C$16.2M-C$12.6M
Capital expendituren/aC$45.5MC$28.1MC$35.2MC$42.6M
Total debtC$337MC$323MC$0C$0C$0

Quarterly statements and history in the cockpit →

Vizsla Silver competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%+100%-15%-10%-5%0%BZIAUHMMCGGDRIOMI6ABRAPRNNUAGEQR000409MUXBGLOREOMGCRMLALK300139VZLA.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Vizsla Silver is the large dot.

Vizsla Silver competitors and peer comparison

Head to head with its named competitors (VZLA.TO vs AYA.TO vs EDR.TO vs AG.TO)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Vizsla Silver VZLA.TO$1.18B-1%n/an/an/an/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%

How Vizsla Silver compares with its peers

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.

Vizsla Silver against its 20 peers (data as of 6 Nov 2026)
MeasureVZLA.TOPeer medianRank 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 pp7th lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Vizsla Silver VZLA.TOCanada$1.18B-1%n/an/an/an/an/a
Benz Mining BZ.VCanada$1.15B+120%n/an/an/an/an/a
EACON 7687.HKHong Kong$1.23Bn/a+46%-22%7.2×n/an/a
i-80 Gold IAU.TOCanada$1.24B-2%+38%-103%9.6×n/an/a
Hemlo Mining HMMC.TOCanada$1.09B-9%n/an/an/an/an/a
Gogold Resources GGD.TOCanada$1.08B+19%+64%47%7.5×13.3%+13.8%
RIO2 RIO.TOCanada$1.08B-6%n/a20%6.7×36.3%n/a
Minerals 260 MI6.AXAustralia$1.29B+1%n/an/an/an/an/a
AbraSilver Resource ABRA.TOCanada$1.30B-37%n/an/an/an/an/a
Perenti PRN.AXAustralia$1.31B-8%-4%9%0.7×-9.8%+9.8%
New Pacific Metals NUAG.TOCanada$1.05B0%n/an/an/an/an/a
EQ Resources EQR.AXAustralia$1.01B+6%+150%11%8.8×n/an/a
Yunding Technology 000409.SZChina$960M-18%+6%6%4.2×n/an/a
McEwen MUX.TOCanada$954M-31%+54%-3%3.9×59.7%+15.2%
Bellevue Gold BGL.AXAustralia$1.46B-16%+14%5%3.9×41.2%+13.9%
Orezone Gold ORE.TOCanada$1.46B+31%+93%40%2.3×-8.0%+110.4%
Highlander Silver HSLV.TOCanada$906M-23%n/a-60%14.6×n/an/a
Omai Gold Mines OMG.VCanada$879M-23%n/an/an/an/an/a
Critical Metals CRMLUnited States$864M-58%n/an/an/an/an/a
Alkane Resources ALK.AXAustralia$1.63B+11%+403%34%2.1×-1.2%+48.9%
Beijing Xiaocheng Technology Stock 300139.SZChina$1.64B-25%+39%27%15.4×33.6%+27.8%

Questions

Who are Vizsla Silver's main competitors?
Named competitors: Aya Gold & Silver (AYA.TO), Endeavour Silver (EDR.TO), First Majestic Silver (AG.TO), MAG Silver (private or unlisted). The cockpit's measured peer set (industry) also includes Benz Mining (BZ.V), EACON (7687.HK), i-80 Gold (IAU.TO), Hemlo Mining (HMMC.TO), Gogold Resources (GGD.TO), RIO2 (RIO.TO).
How has Vizsla Silver stock performed?
Over six months to 6 Nov 2026 the shares returned -1.1% against -8.2% for the median peer; over one year -14.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.