The price of silver has been soaring. And Vizsla Silver wants to ramp up their ambitions of being one of the largest silver giants in Mexico.

‍What’s happening:‍

• Vizsla Silver (NYSE: VZLA) has completed their acquisition of the La-Garra Metates district located in Durango, Mexico
  

By the numbers:‍

• Vizsla Silver will make cash payments of approximately $3M USD and issue 5.5M common shares as part of the acquisition
  
• The price of silver is up more than +37% over the past 12 months
  

Why it matters:‍

• The La-Garra Metates district is a historic past producing area for silver and also shares many similar geological features to Vizsla Silver’s flagship asset the Panuco Project which is also located in Mexico
  

Going deeper:‍

• Vizsla Silver has been consistently expanding their land package to own more promising silver projects and has now tripled their total exposure to exploration stage assets this year alone
  
• The price of silver continuing to hit fresh highs has also led to the beginning of more acquisitions in the public markets, including the recent notable deal between Couer Mining (NYSE: CDE) and SilverCrest Metals (NYSE: SILV) to form a new large scale silver producer

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