Project UpdateAug 12, 2026, 04:25 PM
Sunshine Silver Mining Advances Mine Restart, Feasibility Study by Q2 2027
AI Summary
Sunshine Silver Mining & Refining Co. successfully closed its initial public offering on June 5, 2026, raising approximately $310.5 million in gross proceeds. The company is actively advancing its Sunshine Mine Feasibility Study, expected to conclude in Q2 2027, with a target to restart mine operations in late 2028. Significant progress has been made on infrastructure upgrades, including 1,166 meters of underground development and commissioning of a new hoist, alongside ongoing infill drilling which is 60% complete. Additionally, feasibility studies for a new Antimony Plant and the refurbishment of the Silver-Copper Refinery are underway, aiming for completion in early 2027.
Key Highlights
- Initial public offering closed June 5, 2026, raising approximately $310.5 million gross proceeds.
- Sunshine Mine Feasibility Study expected to be completed in Q2 2027.
- Company targets restart of Sunshine Mine operations in late 2028.
- Infill drilling program is approximately 60% complete with 19,160 meters across 91 drillholes.
- Completed 1,166 meters (3,825 feet) of underground development in the first six months of 2026.
- New mill designed to process up to 2,000 tonnes per day (tpd).
- Feasibility studies for Silver-Copper Refinery and Antimony Plant targeted for completion in early 2027.
Price Impact
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