Elemental Royalty Secures $239M Vizsla Deal for Panuco Royalties Amid High-Grade Silver Discoveries

Elemental Royalty announced a $239M acquisition of Vizsla Royalties, gaining 2.0%-3.5% NSR on the Panuco project (17.4 Moz AgEq/yr over 9.4 years), capping a bullish week for silver. Momentum surged from AbraSilver's May 6 MRE expansion to 248 Moz AgEq, Hecla's debt-free 15.1-16.5 Moz guidance, and high-grade hits like Brixton's 0.5m@7,900 g/t Ag, Capitan's 1.3m@935 g/t AgEq, Bunker Hill's [email protected] g/t Ag veins, plus First Majestic's $310.6M Q1 cash flow and Americas' 1,392 g/t Ag discovery. Silver eyes breakout above $93.75 on tightening supply forecasts.