Vizsla Silver (VZLA) Falls 14.87% on 10 Missing Employees, Silver Drop

We recently published 10 Stock Titans With Massive Losses. Vizsla Silver Corp. (NYSEAmerican:VZLA) was one of the worst performers on Thursday.

Vizsla Silver dropped its share prices by 14.87 percent to close at $5.84 apiece as investors unloaded portfolios following news that 10 of its employees had been abducted by an armed group from an accommodation it was renting out.

According to local news outlet Latinus, 10 mining workers temporarily staying at the La Clementin subdivision in Concordia, Mexico, have been reported missing since January 23.

According to residents, an armed group arrived in the area around 6:30 AM on the said date and took the workers by force.

Meanwhile, Vizsla Silver Corp. (NYSEAmerican:VZLA) said in a statement that the incident is currently under investigation, and that information remains limited.

It said it mining operations have been temporarily suspended as a precautionary measure.

“Local authorities have been notified, and the company's crisis management and security response teams are actively engaged. The company's immediate priority is the safety and well-being of the individuals involved,” Vizsla Silver Corp. (NYSEAmerican:VZLA) said.

Meanwhile, Vizsla Silver Corp. (NYSEAmerican:VZLA) also declined alongside its counterparts after spot prices of silver dropped by 1 percent on the same day.

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Disclosure: None. This article is originally published at Insider Monkey.