Feb 11 β€’ 20:35 UTC πŸ‡²πŸ‡½ Mexico El Financiero (ES)

Vizsla would have warned of insecurity in Concordia 9 months before the kidnapping of 10 miners

Vizsla Silver Corp. had raised concerns about insecurity in Concordia, Mexico, nine months prior to the kidnapping of ten of its workers.

Nine months before the kidnapping of ten workers in Concordia, Sinaloa, the Canadian mining company Vizsla Silver Corp. highlighted security concerns in the region where its PΓ‘nuco project is located. These concerns directly influenced the company’s decision to partially suspend its field activities for over a month. On April 4, 2025, Vizsla informed investors about this pause in operations, reflecting the ongoing security issues that were well-documented in reports by the Secretariat of Security and Citizen Protection, which identified the area as a battleground for criminal groups.

The company indicated that it was taking precautionary measures to protect its staff and operations in light of the escalating violence and criminal activity in the accessible routes to their mining district. While the mining activities are strategically important for the region due to their location connecting major highways, the safety of personnel and the stability of operations are paramount for Vizsla. This announcement sheds light on the ongoing challenges faced by businesses operating in areas plagued by organized crime and violence in Mexico.

The implications of this situation extend beyond the immediate concern of the kidnapping; it reflects larger systemic issues in Mexico regarding security and the impact on foreign investment. Companies within high-risk areas may rethink their strategies in regard to security and operational continuity, potentially affecting local economies reliant on such industries. As incidents like the kidnapping raise alarms within the business community, ongoing vigilance and strategic planning will be essential for companies like Vizsla to manage risks in an increasingly volatile landscape.

πŸ“‘ Similar Coverage