Vizsla Silver, a Canadian mining company, has announced that it has suspended operations at its Pánuco project in Concordia, Sinaloa after the alarming incident where ten of its workers were kidnapped. The company emphasized the critical nature of this situation, prioritizing the safety and security of its employees above all else. While physical operations are halted, they indicated that remote engineering work continues, reflecting an adaptive approach to ensuring project continuity under challenging circumstances.

In the wake of the kidnapping, Vizsla Silver has taken immediate actions to strengthen its security protocols and is collaborating with globally recognized advisors to continuously evaluate the safety conditions within its operational areas. The firm reassured stakeholders that its operational decisions are being made based on real-time intelligence and monitoring, highlighting a commitment to operational safety amid increasing risks associated with mining activities in Mexico.

Additionally, Vizsla Silver has reiterated its compliance with both Mexican and Canadian laws, maintaining a strict policy of zero tolerance towards bribery, corruption, extortion, or any illegal or unethical behavior. This situation not only underscores the risks faced by the mining industry in Mexico due to criminal activities but also raises concerns about the broader implications for international investment in such high-risk environments.