Sunshine Silver Plans IPO of 20M Shares at $13.50-$16.50; NYSE Listing SSMR

Sunshine Silver Mining & Refining Company filed an S-1/A for its proposed Initial Public Offering, offering 20,000,000 shares of common stock at an estimated price range of $13.50 to $16.50 per share. The company's common stock has been approved for listing on the NYSE under the symbol "SSMR," and underwriters have an option to purchase up to 3,000,000 additional shares. Post-IPO, The Electrum Group LLC will maintain approximately 60.7% voting control. Sunshine Silver, owner of the high-grade Sunshine Mine, plans to restart operations at its integrated Sunshine Complex in 2028, aiming to produce an average of 5.8 million ounces of payable silver annually over a 24-year mine life.