Sunshine Silver Raises $270 Million in US IPO to Restart Idaho Mine
Updated
Updated · Bloomberg · Jun 4
Sunshine Silver Raises $270 Million in US IPO to Restart Idaho Mine
1 articles · Updated · Bloomberg · Jun 4
Summary
$270 million was raised after Sunshine Silver sold 20 million shares in its US IPO at $13.50 each, according to a Wednesday SEC filing.
The offering priced at the bottom of the marketed $13.50-to-$16.50 range, signaling demand was sufficient to complete the deal but not strong enough for a higher price.
Sunshine Silver said the proceeds are expected to help restart production at its Idaho mine, tying the listing directly to reviving operations.