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00:02Sunshine Silver plans to raise up to $330 million through an IPO on the New York Stock Exchange,
00:09selling 20 million shares priced between $13.50 and $16.50 each.
00:17The Idaho-based mining company, founded in 2010 and headquartered in Kellogg,
00:22is targeting a valuation of up to $2.32 billion.
00:26Underwriters hold a 30-day option to buy an additional 3 million shares.
00:31Morgan Stanley Scotiabank and BMO Capital Markets are joint lead book-running managers.
00:37Proceeds will fund the restart and expansion of the historic Sunshine Mine in Idaho's Cur-de-Lean Mining District.
00:44The mine previously produced silver, antimony, and other minerals.
00:48The Silver Institute reported a fifth consecutive annual supply shortfall in 2025,
00:53with the deficit expected to continue into 2026.
00:57For all things money, visit Benzinga.com.
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