Sunshine Silver Lists on NYSE, Backed by 263.7 Moz High-Grade Silver Resources
SSMR•Sunshine Silver begins NYSE trading with 103.9 Moz of Indicated and 159.8 Moz of Inferred silver at 1,022 g/t grade—triple peer levels. The permitted mine holds $600 million of infrastructure, aims for 6.7 Moz annual silver output in the first five years and up to 34.5 M lbs antimony production.
1. NYSE Listing and Strategic Rationale
Sunshine Silver began trading on the New York Stock Exchange today, marking its transition to a publicly traded pure-play silver and antimony producer. The listing provides market liquidity and positions the company to access capital for mine restart and expansion activities.
2. High-Grade Silver Resources
The Sunshine Mine hosts 103.9 million ounces of Indicated and 159.8 million ounces of Inferred silver resources at an average grade of 1,022 grams per tonne—approximately three times higher than comparable high-grade global assets. This scale and grade underscore its status among the world’s richest silver deposits.
3. Production Targets and Antimony Potential
Once restarted, the mine is expected to yield 6.7 million ounces of silver annually during the first five years and average 5.8 million ounces over a 24-year lifespan, ranking it second among U.S. primary silver producers. The adjacent antimony plant could produce up to 34.5 million pounds annually, covering an estimated 60% of U.S. demand for this critical mineral.
4. Infrastructure and Feasibility Timeline
Built-in permits and $600 million of existing infrastructure, along with $208 million invested over the past 16 years, reduce execution risk for mine modernization. The company is targeting a feasibility study by early 2027, followed by mill construction and infrastructure upgrades to deliver silver output by late 2028.
