Sunshine Silver Mining & Refining Co completed a $270 million initial public offering (IPO) on the US market, pricing its shares at the lower end of the anticipated range. The capital raised is intended to support the company’s plans to restart production at a mine located in Idaho. Following the IPO, shares in Sunshine Silver surged approximately 11 percent in early trading. The infusion of funds is aimed at reviving operations and advancing the company’s mining activities in the region.
Business
Sunshine raises $270m in IPO
Sunshine Silver Mining & Refining Co raised $270 million through an initial public offering on the US market, pricing shares at the low end of the expected range. The funding will be used to restart production at its Idaho mine, with shares rising about 11 percent in early trading.