Sunshine Silver

Last updated: June 11, 2026
Ticker
SSMR
Exchange
NYSE
IPO Date
Pending
Price Range
$13.50 - $16.50
Deal Size
$270 million
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Company Snapshot

Sunshine Silver is focused on the exploration and development of the Sunshine Mine, located in Idaho's Silver Valley. The company aims to expand its mineral resources through ongoing exploration efforts in underexplored areas surrounding the mine. Their key value proposition lies in the potential for significant resource discovery and growth, leveraging a historically prolific mining district.

Key Investors
Electrum (60.7%)

Per S-1 disclosure; % may not sum to 100% when ownership is nested, multi-class, or reported on different bases.

Key Financials

Metric20252024
Revenue$501K$96K
YoY Growth+421.9%-
Adjusted Net Loss-$34.7M-$12.9M
Margin %-6926.1%-13437.5%

Balance Sheet

Cash & Equivalents
$31.3M

Implied Valuation at Midpoint

Market Cap
$2.1B

Based on price range midpoint and most recent fiscal year data.

S-1 Highlights

Market & Competition

The company operates within the mining industry, specifically targeting silver and base metals. Sunshine Silver competes with larger, established mining companies that have greater resources and efficiencies.

Use of Proceeds

Proceeds from the IPO will be utilized to fund exploration activities and development of the Sunshine Mine and its surrounding land package.

Key Risk Factors

  • The company faces risks related to the uncertainty of mineral property titles, particularly with unpatented mining claims that may be subject to challenges.
  • Sunshine Silver competes with larger mining companies that have more financial resources and operational efficiencies, which could hinder their market position.

Deal Structure

Primary Shares
20,000,000 shares
Shares Outstanding
140,840,360 shares
Post-IPO Float
14.2%
Lock-up
180 days
Lead Underwriters
Morgan Stanley, Scotiabank, BMO Capital Markets

Reported Broker Availability

E*TRADEE*TRADE

Reported by users or publicly disclosed. Information is for reference only.

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