Sunshine Silver Mining Raises $270M at $13.50 Per Share, Shares Jump 11%
SSMR•Sunshine Silver Mining & Refining raised $270 million by pricing its IPO at $13.50 per share. Shares jumped 11% in their NYSE debut, reflecting robust demand for the 140-year-old silver miner.
1. IPO Pricing and Fundraising
Sunshine Silver Mining & Refining launched its initial public offering by setting the price at $13.50 per share, securing $270 million in gross proceeds. The funds are earmarked for expanding mining operations and processing facilities.
2. Trading Debut Performance
On its first day of NYSE trading, Sunshine Silver shares climbed 11% above the IPO price, indicating strong investor interest in precious metals exposure. The stock’s upward move underscores confidence in the company’s production pipeline.
3. Company Background and Strategy
Founded 140 years ago, Sunshine Silver operates silver mines and refining plants across the American Southwest. The company plans to deploy IPO proceeds to accelerate development of high-grade silver resources and enhance processing capacity.
