SSMR News & Events

Sunshine Silver Mining & Refining priced 20M shares at $13.50. The deal priced at the bottom of the $13.50-$16.50 range. Morgan Stanley, Scotiabank and BMO Capital acted as joint book running managers for the offering. Sunshine owns and controls the Sunshine Mine, which it calls "one of the highest-grade pure-play silver resources in the world."

Sunshine Silver Mining & Refining will begin trading on the New York Stock Exchange under the ticker symbol "SSMR." Sunshine owns and controls the Sunshine Mine, one of the highest-grade pure-play silver resources in the world. The Sunshine Mine has an average diluted silver grade of 1,022 grams per ton in Indicated Mineral Resources. It hosts 103.9 million ounces of silver Indicated Mineral Resources and 159.8 million ounces of silver Inferred Mineral Resources. Once in production, the Sunshine Mine is expected to produce approximately 6.7 million ounces of silver annually in its first five years of production with 5.8 million ounces over a 24-year mine life, which would make it the second largest primary silver mine in the U.S. Historically, the Sunshine Mine contained economic quantities of antimony, producing over 48.4 million pounds of finished antimony between 1953 and 2001. The company is currently evaluating the design and engineering for the already permitted Sunshine Antimony Plant, which could potentially produce up to 34.5 million pounds of finished antimony annually - supplying up to 60% of U.S. demand for this critical mineral.

The deal priced at the bottom of the $13.50-$16.50 range. Morgan Stanley, Scotiabank and BMO Capital acted as joint book running managers for the offering.