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Sunshine Silver Mining (NYSE: SSMR) reported new drill results from its ongoing 50,000-metre program at the Sunshine Mine in Idaho’s Silver Valley, including multiple intercepts exceeding 1,000 grams per tonne (gpt) silver from several zones, notably the newly identified, completely unmined 10 Vein.
Highlighted intercepts include 2.19 metres of 1,135 gpt silver (1,404 gpt Ag-Eq) in FS-ST75, 0.74 metres of 1,667 gpt silver with 56.31% lead (2,454 gpt Ag-Eq) in FS-ST82, and previously disclosed 0.11 metres grading 32,331 gpt silver with significant copper, lead and antimony (35,370 gpt Ag-Eq) in FS-ST71. The program, about 60% complete with three underground rigs, is designed to upgrade resources for a planned 2027 feasibility study and support a targeted restart of silver production in late 2028.
Sunshine highlights near-mine growth potential in the Upper Country (10 Vein, C-Fault, North and South Yankee Boy) and reiterates an ambition to double throughput from roughly 1,000 to 2,000 tonnes per day. The Sunshine Mine hosts 103.9 million ounces of indicated silver at 1,022 gpt and 159.8 million ounces inferred at 776 gpt, and sits within a 9,561-hectare land package with district-scale exploration upside.
Sunshine Silver Mining & Refining (NYSE: SSMR) closed its initial public offering of 23,000,000 common shares at $13.50 per share, including full exercise of the underwriters’ over-allotment option.
Gross proceeds were about $310.5 million. Trading on the NYSE began June 4, 2026.
Sunshine Silver Mining & Refining (NYSE:SSMR) begins trading on the NYSE, providing investors exposure to the Sunshine Mine, described as a high-grade, U.S.-based pure-play silver asset with vertically integrated refining potential.
The mine hosts 103.9M oz Indicated and 159.8M oz Inferred silver resources, with an average diluted silver grade of 1,022 g/t in Indicated resources. Sunshine targets a feasibility study by early 2027 and aims to restart silver production by late 2028, supported by $600M of existing infrastructure and $208M of prior investment.
Sunshine Silver Mining & Refining (NYSE: SSMR) priced its initial public offering of 20,000,000 shares at $13.50 per share. Underwriters have a 30-day option to buy an additional 3,000,000 shares. Trading on the NYSE is expected to start June 4, 2026, with closing on June 5, 2026, subject to customary conditions.
Morgan Stanley, Scotiabank and BMO Capital Markets are joint lead book-running managers, with Canaccord Genuity, Citigroup and RBC Capital Markets as joint bookrunners.
Sunshine Silver Mining & Refining (NYSE:SSMR) launched its initial public offering of 20,000,000 shares of common stock, with a 30-day underwriter option for up to 3,000,000 additional shares.
The expected IPO price range is $13.50–$16.50 per share, and the stock has been approved for NYSE listing, subject to official notice of issuance.