Video News/Kitco Mining

Silver can move quickly in a short period of time, noted Michael Konnert, president and CEO of Vizsla Silver. On Thursday Konnert spoke to Kitco Mining. Vizsla Silver (NYSE: VZLA) is advancing its Pacuno project in Mexico. The company received its preliminary economic assessment in July. Highlights were an estimated after-tax NPV (5%) of more than US$1.1 billion, an after-tax IRR of 85.7% and a payback over a period of about nine months. Annually, the mine is projected to produce an average of 15.2 million silver equivalent ounces. Konnert called Pacuno a "world class project" in a news release.