Mexican authorities said at least five workers from Canada’s Vizsla Silver Corp. have been found dead after 10 people were kidnapped from the company’s Pánuco project east of the Pacific coast city of Mazatlán last month.
The Attorney General’s Office (FGR) said in a statement Monday that authorities had also discovered five other bodies in the state and were working to identify them. The investigation into the miners’ disappearance is ongoing, the statement added.
Vancouver-based Vizsla had previously said that the families of the missing employees informed the company that their relatives had been found dead.
The company’s shares fell 12% and closed at their lowest level since November in Toronto.
The developer suspended operations at the project in January after reporting that 10 people had been abducted from the site in Concordia, in the Mexican state of Sinaloa. Vizsla said that information about the incident was limited and that it had engaged crisis management and security response teams.
Vizsla is preparing to begin construction at Pánuco later this year and expects to start producing silver in the second half of 2027. The project has 31.4 million ounces of silver equivalent in proven reserves, according to the company.
Source: bloomberglinea
