Sunshine Silver Mining & Refining Company (SSMR) has successfully concluded its initial public offering, selling 23 million shares at $13.50 per share. This generated approximately $310.5 million in gross proceeds before deducting underwriter fees and expenses, as stated in a company announcement.
The underwriters fully exercised their option to purchase additional shares. Sunshine’s common stock commenced trading on the New York Stock Exchange on June 4, 2026, under the ticker symbol SSMR.
Morgan Stanley, Scotiabank, and BMO Capital Markets served as the joint lead bookrunners for the offering. Canaccord Genuity, Citigroup, and RBC Capital Markets acted as joint bookrunners.
The U.S. Securities and Exchange Commission declared the registration statement effective on June 3, 2026. A prospectus detailing the offering’s terms was subsequently filed with the SEC.
Operating within the Coeur d’Alene mining district in Idaho, Sunshine Silver intends to restart operations at the historically significant Sunshine Mine. The company presents itself as a vertically integrated entity encompassing the entire production process, from mining to milling and refining. It possesses its own silver refinery and holds permits for antimony production.
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