New York — As of 4:56 a.m. ET on Saturday, December 27, 2025, U.S. equity markets are closed and will next reopen for the regular session on Monday, December 29. [1]
Vizsla Silver Corp. (VZLA) heads into the weekend with momentum after a strong late-December move that has pulled the stock close to its recent highs, as the broader market digests a thin, year-end “Santa Claus rally” window and precious metals rip to record levels.
Below is a detailed round-up of what’s moving the story right now: the latest company news, silver-market tailwinds, and current Wall Street forecasts/targets—plus what investors may want to have on their radar before the next session begins.
VZLA stock price today: where Vizsla Silver ended the week
Vizsla Silver shares finished Friday, Dec. 26 at $5.92, up $0.25 (+4.41%) on the day, with trading marked as “market closed” at 4:00 p.m. ET. [2]
Some quote feeds also showed after-hours trading around $5.99 later Friday evening (delayed quote). [3]
Zooming out to the recent tape, VZLA has climbed sharply in the back half of December. One widely followed price-history feed shows the stock moving from $5.10 (Dec. 18 close) to $5.92 (Dec. 26 close)—a gain of roughly 16% in just over a week, amid heavy attention on silver-linked equities. [4]
The bigger market backdrop: thin year-end trading meets a precious-metals surge
The timing matters. Friday’s U.S. session came in a light-volume, post-Christmas trade with major indexes near record territory. Reuters quoted Ryan Detrick, chief market strategist at Carson Group, describing markets as essentially “catching our breath” after a strong multi-day run—while noting the seasonal “Santa Claus rally” period can extend into early January. [5]
For silver miners, the macro headline has been even louder than the S&P 500: silver hit fresh records on Friday. Reuters reported silver touched a record $78.53/oz in Friday trading, citing factors including a market deficit and rising industrial demand. [6]
A separate Reuters report earlier Friday also emphasized support from industrial and investment demand, tightening inventories, geopolitical tensions, and expectations of additional U.S. rate cuts—tailwinds that tend to matter a lot for precious-metals equities. [7]
By early Saturday morning, at least one live spot-price feed still showed silver trading around the high-$70s per ounce range. [8]
Why this matters for Vizsla: even though Vizsla is not yet a producer, VZLA trades with silver sentiment because the company’s flagship development plan is explicitly levered to silver-gold economics (more on that below). When silver is exploding higher, risk appetite for silver developers and explorers often improves, sometimes abruptly—especially in thin, year-end liquidity.
The latest Vizsla Silver news: Panuco feasibility, financing, and a new land grab
Vizsla has had a dense run of catalyst-style headlines in recent weeks. Here are the key ones currently shaping how analysts and investors frame the equity.
1) Vizsla’s Panuco Feasibility Study: high-margin plan with a 2027 production target
On Nov. 12, 2025, Vizsla announced positive results from an independent Feasibility Study (FS) on its 100%-owned Panuco silver-gold project in Mexico. The company highlighted, among other metrics:
- After-tax NPV (5%) of $1.802 billion and after-tax IRR of 111%
- AISC of $10.61/oz AgEq (life-of-mine)
- Pre-production capex of $238.7 million
- 9.4-year initial mine life
- Average annual payable production of ~17.4 Moz AgEq over life-of-mine, with ~20.1 Moz AgEq average in years 1–5
- An after-tax payback period of 7 months (base case)
- Throughput of 3,300 tpd initially, expanding to 4,000 tpd in year 4 [9]
The release also points to a timeline: the company describes the feasibility milestone as a step “as we advance towards production targeted for the second half of 2027.” [10]
Operationally, the FS outlines two contiguous underground mines (Copala and Napoleon) and on-site processing designed to produce silver-gold doré, using contractor mining and conventional underground methods. [11]
Important nuance investors should not skip: the FS economics are presented using assumed metal prices of $35.50/oz silver and $3,100/oz gold for the base-case model, while the mineral reserve estimate cites long-term prices of $28.50/oz silver and $2,300/oz gold. [12]
That’s a reminder that feasibility economics are typically anchored to conservative long-term assumptions, even when spot prices are going haywire.
2) The NI 43-101 technical report was filed in December
On Dec. 9, 2025, Vizsla announced it had filed the feasibility study technical report titled “Panuco Project – NI 43-101 Technical Report and Feasibility Study,” with an effective date of Nov. 4, 2025, completed by Ausenco with support from Mining Plus. [13]
For many institutions, the filed technical report matters almost as much as the headline FS because it is the more formal, regulator-aligned document that investors and lenders scrutinize.
3) A major financing milestone: $300M convertible notes (with capped calls)
On Nov. 24, 2025, Vizsla announced the closing of a $300 million offering of 5.00% convertible senior unsecured notes due 2031, including the full exercise of an additional $50 million option. [14]
Key disclosed terms include:
- Net proceeds of approximately $286 million
- Coupon 5.00%, interest payable semi-annually starting July 15, 2026
- Initial conversion price of approximately $5.84 per share (about a 25% premium to the closing price at pricing time)
- Capped call transactions with strike at $5.84 and cap at $10.5075, costing about $47 million
- Notes mature Jan. 15, 2031
- Settlement can be shares, cash, or a combination at the company’s election [15]
What investors debate here: convertibles can be a smart way to fund development while reducing near-term cash interest cost versus traditional project debt, but they can also create a “conversion overhang” as the stock approaches the conversion price. The capped calls and cash-settlement flexibility are designed to reduce dilution in certain scenarios, but the structure still becomes a key part of the equity story because it affects future share count and capital strategy. [16]
4) New land consolidation around Panuco: claims acquisition from Fresnillo
On Dec. 18, 2025, Vizsla announced an agreement to acquire ten claims totaling 2,378 hectares along the Panuco–San Dimas corridor from a Fresnillo subsidiary. Seven of the claims (1,734 hectares) are described as “strategic” and adjacent to the Panuco project. [17]
Consideration disclosed:
- $2,000,000 cash
- $4,000,000 in common shares
- The company further specifies 854,697 common shares issued as the equity portion of the consideration (subject to a hold period under Canadian securities laws). [18]
CEO Michael Konnert framed it as adding prospective ground adjacent to Panuco to keep exploring, noting the claims host past production and sit on trends of known mineralized structures. [19]
The company also pointed to specific vein/vein-system names that “may extend” into the acquired claims and said it is expanding LiDAR coverage and starting reconnaissance mapping and sampling in the new areas. [20]
Analyst coverage and VZLA stock forecast: what current targets imply
Analyst attention has been rising into year-end, which matters because developer-stage miners often re-rate when they move from “exploration narrative” to “build narrative,” especially with a feasibility study in hand.
Cantor Fitzgerald initiates coverage (Buy, $7 target)
Investing.com reported that Cantor Fitzgerald initiated coverage with a Buy rating and a price target of C$9.60 (US$7.00), describing Panuco as “best-in-class,” and pointing to expectations of production around late 2027 with a potential ramp toward roughly 20 Moz AgEq annually. [21]
A Nasdaq-hosted article (sourced to Fintel) also reported the Cantor initiation and summarized a broader distribution of price targets, noting an average one-year target in the mid-$6 range (with a wider high/low range). [22]
Other targets and consensus ranges
Consensus-style aggregators vary by methodology, but several currently cluster VZLA targets around the mid-$6 range:
- TipRanks shows an average target in the low-to-mid $6 area (with a higher and lower bound). [23]
- Zacks publishes a target range with a low-to-high spread that also brackets the current price area. [24]
- MarketBeat also summarized Cantor’s initiation and noted a separate Roth Capital target increase (reported as raised to $7) in the wake of the feasibility study. [25]
Reality check: price targets are opinions, not outcomes. They can change quickly with silver prices, Mexico risk perception, permitting timelines, capex inflation/deflation, and funding conditions.
What investors should watch before the next session (Monday, Dec. 29)
Because it’s Saturday and the exchange is closed, the “next move” setup comes down to weekend information flow and what futures/FX are doing before the Monday open.
1) Know the calendar and the liquidity trap
- U.S. equities trade regular hours 9:30 a.m. to 4:00 p.m. ET on normal weekdays. [26]
- Year-end sessions can be thin (fewer participants, wider spreads), and Reuters explicitly described Friday as light-volume with limited catalysts. [27]
Thin liquidity can exaggerate both upside spikes and downside air pockets—especially in higher-beta names.
Practical implication: many investors prefer limit orders (not market orders) in small/mid-cap names during holiday weeks to avoid surprise fills.
2) Watch silver first, VZLA second
Silver just printed record highs. If silver gives back a chunk of that move (or extends it), VZLA and other silver-linked equities can gap at the open. Reuters tied silver’s rally to a mix of industrial demand, inventory tightness, geopolitics, and rate-cut expectations—drivers that can change quickly with macro headlines. [28]
3) Keep an eye on the “capital structure story”
VZLA’s recent convertible note deal is now part of the investor playbook. With the disclosed initial conversion price around $5.84, and the stock closing $5.92 on Friday, the market will naturally game out potential future dilution versus the company’s capped-call and cash-settlement flexibility. [29]
4) Permitting and execution headlines can reprice developers fast
Vizsla has said it is advancing permitting and financing initiatives, targeting a construction decision upon receipt of required approvals. [30]
For developer-stage miners, permitting timelines and execution risk often matter as much as the commodity price, because delays can push out cash-flow timing and raise total capex.
5) Treat “new land” as an option—with homework attached
The Fresnillo-claims acquisition expands Vizsla’s prospective ground adjacent to Panuco, but the value is ultimately earned through follow-up work (mapping, sampling, drilling) and how it integrates into long-term mine planning. [31]
Bottom line: why Vizsla Silver is on screens heading into Monday
Vizsla Silver enters the next session with a rare alignment of forces that markets tend to reward—at least temporarily:
- Silver is at record highs, putting a spotlight on silver equities broadly. [32]
- Vizsla has a fresh feasibility study + filed technical report, giving institutions something “bankable” to model. [33]
- The company has executed a large convertible financing and is adding strategic claims near its core district, signaling a push toward development and scale. [34]
- New/renewed analyst coverage has put explicit targets back into the conversation. [35]
The flip side is that VZLA is also the kind of stock that can swing hard on any combination of: commodity pullbacks, risk-off macro moves, Mexico headlines, or shifting expectations about permitting and build schedules.
Sources and reporting referenced
Vizsla Silver corporate news releases and filings: feasibility study highlights, technical report filing, convertible notes terms, and claims acquisition. [36]
Market context and expert commentary: Reuters market wrap and silver coverage. [37]
Analyst/forecast coverage: Investing.com and Nasdaq/Fintel summaries; additional consensus aggregators. [38]
Market hours/calendar: NYSE schedule and related market-calendar references. [39]
References
1. www.nyse.com, 2. stockanalysis.com, 3. www.marketwatch.com, 4. stockanalysis.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.jmbullion.com, 9. vizslasilvercorp.com, 10. vizslasilvercorp.com, 11. vizslasilvercorp.com, 12. vizslasilvercorp.com, 13. vizslasilvercorp.com, 14. vizslasilvercorp.com, 15. vizslasilvercorp.com, 16. vizslasilvercorp.com, 17. vizslasilvercorp.com, 18. vizslasilvercorp.com, 19. vizslasilvercorp.com, 20. vizslasilvercorp.com, 21. www.investing.com, 22. www.nasdaq.com, 23. www.tipranks.com, 24. www.zacks.com, 25. www.marketbeat.com, 26. www.nyse.com, 27. www.reuters.com, 28. www.reuters.com, 29. vizslasilvercorp.com, 30. vizslasilvercorp.com, 31. vizslasilvercorp.com, 32. www.reuters.com, 33. vizslasilvercorp.com, 34. vizslasilvercorp.com, 35. www.investing.com, 36. vizslasilvercorp.com, 37. www.reuters.com, 38. www.investing.com, 39. www.nyse.com
