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Sinda (NYSE:SIND), a silver exploration company with projects in Mexico, begins trading on the NYSE. The Sinda Property in Guanajuato covers ~6,232 hectares and hosts an estimated 369M silver-equivalent ounces of Inferred and 16M ounces of Indicated Mineral Resources, with Indicated grading 692 g/t.
Fresnillo plans to subscribe for up to 5% of shares via private placement, while Franco-Nevada has a $10M equity order. Net offering proceeds will fund multi-year drilling and a 9 km underground exploration decline, targeting initial production by 2031.
Sinda (NYSE:SIND) priced its initial public offering of 17,750,000 common shares at $12.00 per share. Underwriters have a 30-day option for up to 2,662,500 additional shares. Trading on the New York Stock Exchange is expected to begin June 26, 2026, with closing on June 29, 2026, subject to customary conditions.